DOWNTOWN COMOX DEVELOPMENT OPPORTUNITY Comox Centre Subdivision | Comox, EXECUTIVE OVERVIEW

Cushman & Wakefield ULC. (“Cushman & Wakefield; C&W”) presents a rare opportunity to acquire approximately 1 acre to be subdivided from the southeast portion of the Property known as Comox Centre Subdivision, located at 215 Port Augusta Street, Comox, British Columbia, Canada (the “Property”). The Property, very well-located in Downtown Comox, is easily accessible from Comox Avenue and is just two blocks from the ocean and Marina. With many uses indicated under the current zoning bylaw, the Official Community Plan designates Downtown Comox as the most important area for commerce, multi-family uses and government services. Discussions with local planning suggest flexibility around both height and density. All inquiries should be directed to Cushman & Wakefield ULC as exclusive agent of the Vendor: TIM SOMMER Personal Real Estate Corporation Senior Vice President Capital Markets Group +1 250 410 3005 [email protected]

Cushman & Wakefield 1 DOWNTOWN COMOX LOCATION OVERVEW DevelopmentTO NANAIMO Opportunity TO CAMPBELL RIVER

CUMBERLAND COURTENAY LOCATION Comox, British Columbia was founded in the mid-1800’s as a port city, given it’s protected location within Comox Harbor. Today, it is a thriving residential community of some 14,000 residents, and an agricultural heartland. Subject Property Located approximately 114 kilometers north of Nanaimo (~ 220 kilometers north of Victoria) Comox is among the most accessible regions of , featuring the Comox Valley Airport (YQQ) – the Island’s second COMOX VALLEY largest airport. YQQ saw almost MARINA 370,000 passengers in 2017 and features regular service by Air Canada, COMOX GOLF CLUB Westjet and Pacific Coastal to Calgary, MARINA PARK Edmonton, Vancouver and seasonally to Puerto Vallarta. In addition, ferry service is just over an hour away in Nanaimo, and the mainland is also accessible via the nearby Powell River Ferry terminal. Comox is one of three municipalities comprising the Comox Valley, an area with an overall population of over 68,000 residents. Together with Courtenay and Cumberland, the Valley thrives an active recreational and tourism hub, driven by fishing, boating, golfing, hiking and mountainbiking, as well as enjoying close proximity to the Island’sCushman only &ski Wakefield destination – Mount 2 Washington. PROPERTY OVERVIEW PHYSICAL Approximately 1 acre to be DESCRIPTION subdivide from the southeast portion of the Property know as Comox Centre, which is legally described as PID 025- 746-529, Lot A, Section 56 Comox District Plan, VIP75741 LOT SIZE Approximately 1 Acre ZONING C4.1 Shall not exceed 10.0 meters MAXIMUM HEIGHT OCP indicates four storeys (Current Zoning) and greater Not specified; flexibility DENSITY indicated PORT AUGUSTA STREET LIST PRICE $3,000,000

Cushman & Wakefield 3 MARKET CONTEXT

TOWN OF COMOX Comox is a town of about 15,000 people on the southern coast of the Comox Peninsula in the Georgia Strait on the eastern coast of Vancouver Island, British Columbia. The warm dry summers, mild winters, fertile soil and abundant sea life attracted First Nations thousands of years ago, who called the area kw’umuxws (Kwak'wala, the adopted language of the K'omoks, for plentiful). When the area was opened for settlement in the mid-19th century, it quickly attracted farmers, a lumber industry and a fishing industry. For over fifty years, the village remained isolated from the outside world other than by ship until roads and a railway were built into the area during the First World War. The installation of an air force base near the village during the Second World War brought new prosperity to the area, and in recent years, Comox has become a popular tourist attraction due to its good fishing, local wildlife, year- round golf and proximity to the Mount Washington ski area, the , and Strathcona Provincial Park. The town is also home to a Royal Canadian Air Force base CFB Comox, an airport for military and commercial airline use and the Sea Cadet training facility HMCS Quadra. The mild climate has attracted many retirees to the area in the 21st century, resulting in a high rate of growth and a sharp increase in the median age of residents. Comox town is in the Comox Valley, along with several other communities, including Courtenay, Cumberland, and the unincorporated hamlets of Royston, Union Bay, Fanny Bay, Black Creek and Merville. The nearby Comox Glacier is visible from many parts of the town and is the area's signature landmark.

TRAVEL TIME SUMMARY

Parksville / 54 Minutes - Qualicum Nanaimo 81 Minutes 99 Minutes

Campbell River 44 Minutes -

Victoria, BC 175 Minutes 129 Minutes

Tofino / Ucluelet 190 Minutes -

Vancouver, BC (via 240 Minutes 36 Minutes Ferry)

Text Source - Wikipedia

Cushman & Wakefield 4 DOWNTOWN COMOX DEVELOPMENT OPPORTUNITY

TIM SOMMER PERSONAL REAL ESTATE CORPORATION SENIOR VICE PRESIDENT CAPITAL MARKETS GROUP +1 250 410 3005 [email protected]

©2018 Cushman & Wakefield.

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