COURT-ORDERED SALE 5079, 5111, 5137 ASH STREET OAKRIDGE BY VANCOUVER WESTBANK OAKRIDGE SKYTRAIN STATION SIMON LIM Personal Real Estate Corporation Executive Vice President TEL 604 661 0882 [email protected] 9 minutes JAMES LANG Associate Vice President TEL 604 661 0868 [email protected] PROPERTY JESSICA HATHAWAY Senior Associate TEL 604 694 7227 [email protected] ASH STREET Colliers International 200 Granville Street | 19th Floor Vancouver, BC | V6C 2R6 P: +1 604 681 4111 VanMap Property Viewer 4978 5048 4992 692 676 656 4969 4963 5010 485 4989 5030 5009 5050 5118 SITE PLAN 5029 5070 5049 5090 5069 186 FT 5116 5079 5138 5111 5103 5162 5137 657 5188 5161 120 FT 5187 5210 5229 5230 5249 5250 SALIENT FACTS 5189 7/24/2020, 12:28:24 PM 1:2,257 0 0.01 0.03 0.05 mi PropertyADDRESS Parcels 5079, 5111 & 5137 Ash Street, Vancouver, BC (“the Property”) 0 0.02 0.04 0.08 km NeighbourhoodsPIDS 009-956-824, 009-956-832, 009-956-859 Situated on the west side of Ash Street between West 37th Avenue and McGuigan LOCATION Avenue TOTAL SITE AREA 22,320 SF SITE DIMENSIONS 186 ft x 120 ft CURRENT ZONING RS-1 One-Family Dwelling Residential buildings will be allowed up to 4 storeys for strata and up to 6 storeys for 100% secured rental, consistent with adjacent building forms. However, for sites OCP adjacent to the future 35th Avenue, increased height up to 6 storeys for strata and up to 8 storeys for rental will be considered to facilitate road dedication. Proposed density up to 2.0 FSR for strata and 2.5 FSR for secured rental.* *The suggested FSR is an estimate based on intended urban design performance. The development potential for each site may fall at or below the FSR. Sites delivering social or below market rental housing may exceed the given FSR. 2 DEVELOPMENT HIGHLIGHTS Prime Cambie Corridor location with proximity to Oakridge Mall, Queen Elizabeth Park and VanDusen Botanical Garden Centrally located with easy access to Downtown Vancouver, Richmond and Burnaby Quiet location on west side of Vancouver off the main traffic artery Ability to capitalize on shortage of rental housing DOWNTOWN KING EDWARD SKYTRAIN STATION BC CHILDREN'S HOSPITAL QUEEN ELIZABETH PARK PROPERTY 3 LOCATION DEMOGRAPHICS The Property is strategically located in Vancouver’s South Cambie neighbourhood. Centrally located on the quiet streets of Population Ash Street between West 37th Avenue and 34,700 Mcguigan Avenue, the Property is only steps (Expected growth to away from Oakridge Centre. 85,000 by 2041 Located minutes away from Queen Household Elizabeth Park, a 130 acre oasis in the Income heart of Vancouver 40% of households earn over $100,000 Oakridge Centre is located within a 2-minute drive and Downtown and UBC (27% higher than Greater Vancouver) are located within a 15-minute drive Education Vancouver College and Point Grey 60% of population Secondary are within a 3 km radius (Postsecondary certificate, diploma or Vandusen Botanical Garden and degree) Montgomery Park are within a 2 km radius Driving The Arbutus Club, Shaughnessy Golf & Oakridge Centre (2-min) Country Club, Point Grey Golf & Country Downtown (15-min) Club and Langara Golf Course are within UBC (15-min) a 15-minute drive *Based on Cambie Corridor Plan Area 4 W 16th Ave. W 17th Ave. Tupper St. Tupper W 18th Ave. Heather Park Ash St. Oak St. Laurel St. Laurel Ontario St. Heather St. Yukon St. St. Columbia Manitoba St. W 20th Ave. W 20th Ave. Douglas W 21st Ave. Park Cambie St. W 23rd Ave. W 23rd Ave. W 24th Ave. Columbia St. Columbia King Edward Ave. King Edward Ave. King Edward Ave. W 26th Ave. W 26th Ave. Braemar Park W 27th Ave. Cambie St. Yukon St. Ash St. Oak St. Heather St. W 29th Ave. Hillcrest BC Children’s and Women’s Hospitals Park Nat Height and Density Bailey 4.2.7 35th AvenueAdditional connection height of up to 6 storeys for strata, and up to • Some flexibility should be exercised in applying 8 storeys for rental will be considered adjacent to the Chapter 5 Built Form Guidelines to ensure building Stadium massing that compliments the adjacent development future 35th AvenueW connection:32nd Ave. Heather St. and provides a sensitive placement of additional A new 35th Avenue extension will connect from Queen DEVELOPMENT POTENTIAL • Height above 6 storeys should be limited in width, height. Elizabeth Park to the futureacting development as a minor component on the Heather and not as a continuous Cambie St. Queen Lands. This connection willpodium serve element local area traffic and be Dedication a key pedestrian connection through the neighbourhood. W 33rd Ave. Elizabeth • Buildings proposing additional height should be • A 15.2 m (50 ft) dedicated right-of-way will be required Required Consolidations massed to reinforce unique viewlines or perspectives to accommodate the 35th Avenue connection Park Uses: Residential and highlight the key connection to Queen Elizabeth • Dedications will be established in alignment with the Park existing 35th Avenue right-of-way on the west side of Density: Up to 2.0 or 2.5 FSR* Kersland Dr. Cambie Street Minimum consolidations will be required to achieveHeight: Upthe to road4/6 or connection.6/8 storeys The following Ash Street properties are required for individual consolidations:Built Form • No curve or bend in 35th Avenue will be accepted ELIZABETH QUEEN within theA subject consolidations Residential buildings willBuilding be allowed forms shouldup to 4Oak be storeys generally consistent with Heather Ash St. adjacent developments: • TypicalC front yard setbacks will be required beyond the for strata and up to 6 storeys for 100% securedMeadows rental, St. Willow Lands 15.2 mD (50 Bft) right-of-way Consolidation A: 5070, 5090, 5120, 5138 consistent with adjacent• Above building 4 storeys, forms. However,upperPark floors for will be stepped back • DevelopmentE proposals will include required public QUEEN ELIZABETH QUEEN sites adjacent to the futurefrom 35th Ash Avenue, Street and increased 35th Avenue Consolidation B: 5162, 5188, 5210 W 37th Ave. realm features (i.e., street trees, landscaped setbacks, W 37th Ave. height up to 6 storeys for strata and up to 8 storeys for W 37th Ave. • Alphabet forms are acceptable and may further etc.) See Cambie Corridor Public Realm Plan Consolidation C: 5079, 5111, 5137, 5161* rental will be consideredprovide to facilitate architectural road dedication. variety Refer to housing policy (Chapter 7) for further details on Consolidation E: 5161*, 5187, 5229, 5249 • Building widths beyond 45.7 m (150 ft) will be 100% rental bonus. Required Consolidationsconsidered in these locations, but should provide recessed areas so they do not appear as one long Cambie St. Minimum consolidationsstreetwall will be required to achieve the W 39th Ave. *Property D - 5161 Ash Street must be part of theroad first connection. application 5138, for5162, either and 5161 consolidation AshOakridge Street will Cbe or E required to consolidate• withSpecial adjacent attention assemblies shouldTransit be and paid to the bend of Ash in order for a rezoning to be considered Street and opportunities to frame the corner those assemblies will dedicate land to achieveCentre a 15.2 m (50 ft) right-of-way for the 35th Avenue connection. Ontario St. Elizabeth St. Elizabeth Columbia St. Columbia Baillie St. Manson St. Ash St. Heather St. Assemblies will retain the proposed density of up to 2.0 Alberta St. Height and Density: FSR for strata or up to 2.5 FSR for rental. W 41st Ave. The following Ash Street properties are required for Apartment (up to 4/6 storeys strata orW 6/8 41st Ave. Jewish Community W 41st Ave. storeys rental) Residential buildings will be allowed up toindividual 4 storeys consolidations: Centre Consolidation A: 5070, 5090, 5120,5138 for strata and up to 6 storeys for 100% secured rental, Oakridge Consolidation B: 5162, 5188,5210 MINOR ELEMENT LIMITED MINOR ELEMENT LIMITED IN APPEARANCE CentreIN APPEARANCE consistent with adjacent building forms. However,Consolidation for C: 5079, 5111, 5137, 5161* Consolidation A Consolidation B 4 or 6 STOREY APARTMENTColumbia W 43rd Ave. sites adjacent to the future 35th Avenue, Consolidationincreased E: 5161* 5187, 5229, 5249 Park 4 or 6 STOREY APARTMENT RES. RES. * Property D - 5161 Ash Street must be part of the first RES. RES. height up to 6 storeys for strata and up to 8 storeys RES. RES. RES. application for either consolidation C or E in order for RES. RES. RES. W 44th Ave. for rental will be considered to facilitate road dedication.a rezoning to be considered RES. RES. RES. RES. RES. RES. Proposed density up to 2.0 FSR for strata and 2.5 FSR RES. RES. RES. RES. RES. W 45th Ave. RES. *The suggested FSR is an estimate basedOak St. on intended urban Cambie St. for secured rental.* St. Willow design performance. The development potential for each site St. Tisdall may fall at or below the FSR. Sites deliveringW 46th social Ave. or below- market rental housing may exceed the given FSR. AlbertaSt. Manitoba St. *The suggested FSR is an estimate based on intended urban St. Columbia Varies Varies 35th Ave Varies Varies Cambie Street (15.24m - 50’) Tisdall (45.9m - 150’) design performance. The development potential for each site W 47th Ave. may fall at or below the FSR. Sites delivering social or below Representative Section: 35th Avenue connection and additional height Parkelements ^^ Cambie-38-39 market rental housing may exceed the given FSR.. CAMBIE CORRIDOR PLAN | 57 W 49th Ave. W 49th Ave. 5 W 49th Ave. Langara College 56 | CITY OF VANCOUVER Ontario St. W 52nd Ave.