Royal Vancouver Yacht Club Jericho Sailing Club
Jericho Beach
West Point Grey Academy Jericho Garrison
SUBJECT
W 10th Avenue Crown Street Crown
FOR SALE 4000 West 11th Avenue | Vancouver, BC A highly unique opportunity to acquire an operating 24-unit student residence in the heart of West Point Grey
FOR MORE INFORMATION, PLEASE CONTACT David Ho Robert Veerman Personal Real Estate Corporation Sales Representative | Investment Properties Senior Vice President | Investment Properties 604 662 5139 604 662 5168 [email protected] [email protected] ADDRESS INVESTMENT HIGHLIGHTS 4000 West 11th Avenue, Vancouver, BC ++ Subdividable and duplexes allowed - potential to subdivide into four 40- foot lots (40’ x 122’) and build 16 dwelling units in totoal to drive maximum PIDS value for the site 005-026-482 005-026-491 ++ 282 feet of contiguous frontage, corner-oriented site with sweeping view 005-026-504 of downtown Vancouver and English Bay ++ Public transit - access to 99 B-Line, seven-minute drive or ten-minute bus to SITE AREA UBC; potential for Broadway-Arbutus Skytrain to extend to UBC in future 19,581 SF ++ Exclusive West Point Grey neighbourhood - high demand of student housing in the prestigious school zone (UBC, St. George’s, West Point Grey LOT DIMENSIONS Academy, Our Lady of Perpetual Help Catholic School, Lord Byng Secondary, 160.5’ x 122’ and Queen Mary Elementary School)
CURRENT ZONING ++ Convenient living - close to the shopping district of the Point Grey RS-1 one-family dwelling neighbourhood including amenities such as Safeway, Kins Farm Market, Tim Hortons, Starbucks, Vancouver Public Library, CIBC, TD Bank, BMO, RBC. and LOT INFORMATION Vancity Credit Union; close to the vibrant Broadway Corridor with an abundance Currently 3 lots; of restaurants, shops and amenities. Subdividable into four 40-foot lots ++ Well maintained existing student housing structure, with 10,158 SF (approx.) usable space: GROSS TAXES(2017) - 24 dormitory units $20,322.27 - 2 kitchens - 10 fridges - 6 bathrooms CURRENT IMPROVEMENT - 2 student lounges 24-unit student dormitory - 1 large dining room - 1 chapel
THE OFFERING
CBRE Limited is pleased to offer for sale 4000 West 11th Avenue, Vancouver, Columbia (UBC), the second best university in Canada, as well as its surrounding BC (the “Property“). The property is well located in West Point Grey, one of the well-preserved attractions including Pacific Spirit Regional Park, Wreck Beach, most sought after and prestigious neighbourhoods for single-family homes in Museum of Anthropology, UBC Botanical Garden, and Wesbrook Village. Metro Vancouver, featuring 24 student residence units on a 19,581 SF corner- oriented site with 282 feet of contiguous frontage. A few blocks to the north of the Property, waterfront access via Jericho Beach, Spanish Banks and Locarno Beach offers beautiful and plentiful outdoor space Located on the southwest corner of West 11th Avenue and Crown Street, the to sunbathe, swim, play sports, and picnic. Street-end lookouts feature a property features immediate access to the vibrant Broadway Corridor to the east peaceful and sweeping view of West Vancouver, Downtown Vancouver, Stanley with an abundance of restaurants, shops and amenities such as Rajio Japanese Park and Burrard Inlet. The Property is in close proximity to the prestigious Point Public House, The Eatery, Tim Hortons, and Shoppers Drug Mart. Grey school zone, including UBC, St. George’s, West Point Grey Academy, Our Lady of Perpetual Help Catholic School, Lord Byng Secondary, and Queen Mary To the west, a ten-minute bus ride can get you to the University of British Elementary School. Jericho Sailing Centre
Jericho Beach Royal Vancouver Yacht Club
Jericho Garrison WEST 4TH AVENUE
West Point Grey Academy
Queen Mary Elementary School Our Lady of Perpetual Help Parish Our Lady of Perpetual Help Catholic School
WEST 10TH AVENUE
<10-MINUTE BUS TO UBC CROWN STREET
WEST 10TH AVENUE chapel looking northwest from the rooftop of the Property 160.5’
CROWN STREET 122’
student dormitory unit parking lot in the backyard (9 stalls)
Site location and dimension
main entrance of the Menno Simons Centre student lounge in the basement FOR MORE INFORMATION, PLEASE CONTACT David Ho Robert Veerman Personal Real Estate Corporation Sales Representative | Investment Properties Senior Vice President | Investment Properties 604 662 5139 604 662 5168 [email protected] [email protected]
CBRE Limited | 1021 W Hastings Street | Suite 2500 | Vancouver, BC V6E 4M3 | www.cbre.ca This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.