114 Park Row, New Westminster, BC

STRATA DISSOLUTION & HIGH RISE FOR SALE REDEVELOPMENT OPPORTUNITY

114 Park Row, New Westminster, B.C.

Queen’s Park

First St

SUBJECT McBride Blvd PROPERTY

Tipperary Park

Royal Ave

Albert Crescent Columbia Park Skytrain Pattullo Bridge Columbia St

Front St

Skybridge

Front St

Opportunity Highlights

• 6 blocks from Columbia Skytrain Station in Downtown New Westminster • Water views • 1 block to Queen’s Park • Close to all amenites Park Row Royal Ave

Matt Nugent Edward Chiu Personal Real Estate Corporation 604.714.4772 604.714.4755 [email protected] [email protected]

Chris Midmore Brian Tattrie 604.714.4786 604.714.4783 [email protected] [email protected] Strata Dissolution & High Rise Redevelopment Opportunity 114 Park Row, New Westminster, BC

Opportunity Property Information This offering provides an opportunity to purchase one of only a few designated high rise sites in the prestigious Civic Address 114 Park Row, New Westminster, BC Queen’s Park neighbourhood of New Westminster. STRATA LOTS 1 to 14 of BLOCK F Legal Address Clinton Place Reserve STRATA PLAN NWS262

History of Ownership Commitment Site Area Approx. 32,468 sq.ft. (0.745 acres) Ownership participation and agreement are key to the successful wind-up of a Strata Corporation. The property is irregular shaped with approximately 115.91 ft. frontage on Through a Townhall Meeting and direct contact Site Dimensions Royal Avenue and 74.53 ft. on Park Row with those not present, we have determined with an average depth of approximately that 100% of the owners are willing to sell. 260 ft. Current Zoning RT-2 Townhouse District 0.6 FSR

Location The property has been designated in the New Westminster Land Use Plan as The property is located in the prestigious Queen’s Park (RH) Residential-High Rise which may Land Use neighbourhood of New Westminster and provides permit up to 4 FSR although the floor frontage on Park Row and Royal Avenue. It is located 6 space ratio is subject to negotiation blocks northwest of Columbia Skytrain Station, 1 block with the City. from Queen’s Park and provides views of the Fraser River. Total Property Taxes $42,119.85 (2018) Current Improvements Total Strata Area 27,565 sq.ft. (according to Strata Plan)

Known as Clinton Place, the property is currently improved Link to Marketing Video Click HERE with a 14-unit townhouse project constructed circa 1974. The total saleable area of the current project is 27,565 Available upon signing of a sq.ft. with unit sizes ranging from 1,589 to 2,216 sq.ft. Due Diligence Package confidentiality agreement. Please contact the Listing Agents.

Offering Price $15,000,000.00 Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice. Strata Dissolution & High Rise Redevelopment Opportunity 114 Park Row, New Westminster, BC

Development Potential New Westminster’s Official Community Plan which was updated in 2017 has designated the property as “Residential – High Rise.”

City of New Westminster Land Use Designations This document is for reference only. Please see Official

SUBJECTBCommunityurnaby Plan Bylaw No. 7925, 2017.

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D Annacis Channel Mainland Land Use Designations (see Official Community Plan Land Use Designation Map) (RD) Residential - Detached and (RM) Residential - Multiple Unit (BDMU) Brewery District Mixed (CHC) Commercial and Health (U) Utilities and Transportation Parks, Open Space and Frequent Transit Development Semi-Detached Housing Buildings Use and Health Care Care Infrastructure Community Facilities Area River (RGO) Residential - Ground (RH) Residential - High Rise (SGTMC) Sappertonaser Green (C) Commercial (IN) Intertidal (BC) Bent Court Study Area Special Employment Area oriented Infill Housing Transit-OrientedSouth Fr Mixed-Use Surrey (ML) Mixed Use - Low Rise Community (ME) Mixed Employment (H/N) Habitat/Natural Areas (LTS) Lower Twelfth and Sharpe Local Centre (RT) Residential - InfillN orth Street Study Area Townhouse (MH) Mixed Use - High Rise (RHC) Residential - High Density/ (I) Industrial (CEM) Cemeteries Delta Community Facility (CD) Comprehensive (P) Major Institutional Development Queensborough Land Use Designations (see Queensborough Community Plan Land Use Designation Map in OCP Schedule D) Queensborough Community (RL) Residential - Low Density (MS) Queensborough Main (LI) Light Industrial (S) School Plan Area Street (RCL) Residential - Compact Lot (HI) Heavy Industrial Parks/Community Facilities Zoom in on the map above to view (QC) Queensborough Land Use Designations by location (RM) Residential - Medium Commercial (IN) Intertidal (H/N) Habitat/Natural Density (CE) Commercial Entertainment (WR) Waterfront Residential Utilities Click on the links to jump to the (RH) Residential - High Density (ME) Mixed Employment (P) Major Institutional (QCD) Queensborough land use definition Comprehensive Development Downtown Land Use Designations (see Downtown Community Plan Land Use Designation Map in OCP Schedule C) Downtown Community Plan Residential - Low Rise Apartment Commercial Waterfront Pattullo Bridge Realignment Plazas & Squares Area Study Residential - Mid Rise Apartment Comprehensive Development Commercial at Street Level School / Institution Residential - Tower Apartment Irving House Cultural Heritage - Register Commercial Parks & Open Space Columbia Historic Mixed Use Heritage - Designated & HRA OFFICIAL COMMUNITY PLAN Muni Evers Residential / Park Transportation Infrastructure Mixed Use High Density Strata Dissolution & High Rise Redevelopment Opportunity 114 Park Row, New Westminster, BC Status: Filed

Park Row Plan #: NWS262 App N/A Ctrl (Altered)

RCVD: 1998-02-12 RQST: 2018-08-29 14.00.47 Royal Ave Page 1 of 16

Matt Nugent Edward Chiu Chris Midmore Brian Tattrie Personal Real Estate Corporation 604.714.4772 604.714.4755 604.714.4786 604.714.4783 [email protected] [email protected] [email protected] [email protected]