FOR SALE 3555-3561 E HASTINGS STREET VANCOUVER, BC REDEVELOPMENT OPPORTUNITY DOWNTOWN VANCOUVER PLAYLAND / PNE TRANS-CANADA HWY 1 ACCESS SKEENA STREET 122 FT 132 FT EAST HASTINGS STREET Martin Delafontaine Personal Real Estate Corporation Senior Vice President 604 640 5820 [email protected] Suite 700 - 700 West Georgia Street / PO Box 10023, Pacific Centre / Vancouver, BC V7Y 1A1 / 604 683 3111 / 1 877 788 3111 / cushmanwakefield.com FOR SALE // REDEVELOPMENT OPPORTUNITY 3555-3561 E HASTINGS STREET VANCOUVER, BC OPPORTUNITY Cushman & Wakefield is pleased to present 3555-3561 East Hastings Street (the “Subject Property”), a prime 16,104 square foot redevelopment site situated in the transitioning and transit-oriented 3561 EAST STREET HASTINGS EAST HASTINGS Hastings-Sunrise area of Vancouver. The Subject Property comprises four legal lots located mid-block between Skeena and Kootenay Streets and encompasses 132 feet of frontage on E Hastings Street, a highly traversed east / west vehicular arterial providing efficient access to Downtown Vancouver, Burnaby, the TransCanada Highway 3555 EAST / HWY 1, and North Vancouver. HASTINGS Featuring panoramic views of the North Shore Mountains, the Subject Property offers prospective purchasers the option to develop the site under existing zoning guidelines (up to 4 storeys) or rezoning the site for a purpose-built mixed-use rental project (approximately 6 to 8 storeys). SALIENT DETAILS PIDs 011-780-606 // 011-780-592 // 012-893-676 012-893-650 TOTAL Civic Address 3555 E HASTINGS ST Vancouver BC 3561 E HASTINGS ST Vancouver BC Lot Size 12,078 sf 4,026 sf 16,104 sf Lot Measurements 99 x 122 ft 33 x 122 ft 132 x 122 ft Property Tax (2018) $73,313.42 $24,601.47 $97,914.89 Assessed Value (2018) $7,859,500 $2,622,900 $10,482,400 NORTH SHORE KOOTENAY BUS LOOP EAST HASTINGS STREET ZONING TENANCY INFORMATION The Subject Property is zoned C-2C1 (Commercial), a designation 3555 E Hastings is currently vacant. 3561 E Hastings is tenanted on a that provides for a residential component anchored by a wide range month-to-month basis, and is only used for storage purposes. of commercially-oriented activities including grocery / drug stores, beauty, wellness and retail and service uses. Conditional uses under this zoning allow for office, cultural and recreational, schools and ADDITIONAL INFORMATION & PRICING community care businesses. Contact the listing agent. Additional information – including consultant reports and plans – is available to qualified purchasers C-2C1 permits a maximum floor space ratio (FSR) of 3.0 and a four upon execution of a Confidentiality Agreement. storey height limit. METROTOWN BRENTWOOD KOOTENAY STREET EAST HASTINGS STREET KOOTENAY BUS LOOP FOR SALE 3555-3561 E HASTINGS STREET VANCOUVER, BC RECENT HASTINGS STREET RESIDENTIAL RENTAL ACTIVITY FULLY LEASED Total Lease Start Leased-Up Months Months Avg Avg Net Avg Net Project Name & Address Units Date Date on Mkt Absorp Size Rent Rent $PSF 388 Kaslo 94 1/11/2018 17/04/2019 5 18.8 684 $1,980 $2.90 2805 E Hastings Street Ferndale on Victoria Drive 27 11/7/2017 15/01/2018 6 4.5 678 $1,892 $2.79 1910 Ferndale Street The Heights 85 23/09/2017 31/03/2018 6 14.2 588 $1,811 $3.08 388 Skeena Street CONTEMPLATED Project Name & Address Total Units Storeys Application Status Construction Status 3532 E Hastings Street 34 6 Rezone/DP in Process Pre-Construction 2601 E Hastings Street 47 6 Active-Prelim Pre-Construction 3435 E Hastings Street 45 6 Active-Prelim Pre-Construction 708 - 796 Renfrew Street 77 6 Rezone/DP in Process Pre-Construction 3600 E Hastings Street 94 14 Rezone/DP in Process Pre-Construction 3680 E Hastings Street 118 14 Rezone/DP in Process Pre-Construction 388 KASLO FERNDALE THE HEIGHTS 708 RENFREW 2601 E HASTINGS 3435 E HASTINGS 3532 E HASTINGS 3600 E HASTINGS 3680 E HASTINGS Martin Delafontaine Personal Real Estate Corporation Senior Vice President 604 640 5820 [email protected] E.&O.E.: This communication is not intended to cause or induce breach of an existing agency agreement. The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Cushman & Wakefield ULC 09/19 gh.