2529 Kingsway
FOR SALE > NORQUAY VILLAGE INVESTMENT OPPORTUNITY
2529 Kingsway Vancouver, BC
CASEY WEEKS* ASSOCIATE VICE PRESIDENT 604 661 0811 [email protected]
INVESTMENT HIGHLIGHTS >> East Vancouver’s most rapidly developing neighborhood >> Favourable mix of both retail and residential income streams >> Significant income upside >> Only 650 metres from East 29th Avenue Skytrain station >> High exposure retail location
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
>> Perfect for an owner/user or investor
FOR SALE > 2529 KINGSWAY NEIGHBOURHOOD OVERVIEW The Norquay Neighbourhood has witnessed an influx of development activity with major projects that will dramatically transform this underutilized corridor. In the fall of 2011, Westbank Projects Corp purchased the former Canadian Tire site at 2220 Kingsway were over 300,000 square feet is slated for a commercial/residential mixed use project. In 2013 Wall Development completed their mixed-use project “2300
Capilano Kingsway” at the former Eldorado Hotel location and Thind Development is putting Lake
the finishing touches on their 12-storey “Skyway Tower” one block east of the subject property. This activity will continue the positive momentum in this changing district and allow
Boundary Rd
Ar
an Indi FT 114
we l
Be d
Rd rke
Sperling St
Edmonds
Bl
Cla
North Rd
h 6t
ve sA
P
en
Columbia
tu ll
Bridge
o
ue rds wa on Wy Q te
Fr
e as
a
Marine Wy
Kingsway
Braid
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Sapperton e Vancouver, BC V6C 2R6 Av h t 604 e 10 681 4111 Av e www.collierscanada.com 8th Av
Wy
Marine Dr
Royal Oak
da
El l i ot St
Tyne St
Victoria Dr
Knight St
Fraser St
Patterson
Project Metrotown KING EDWARD VILLAGE Imperial St 2220 Kingsway 2300 Kingsway Rumble St SKYWAY TOWER
Kent A ve S
HA082014
Co
St
Cambie St
Burnaby
na
Address 49th Ave E 4078 Knight Street 2220 Kingsway 2300 Kingsway 2711 Kingsway
t
h
Twigg Pl
Knight S
N Kent Ave
ge S
Ca
1 2 3 Marine Dr 4
Developer AQUILINI WESTBANK W 57th Ave WALL THIND SE Marine Dr
Gran
6t
Langara/ 49th Ave
Main St
Ave
E 41st Ave
Kerr St
Oakridge/41st Ave
Earles St
Joyce
Ave
Holdom St
Willingdon Ave
29th Ave
E 33rd Ave
St
Nanaimo
bia
44
um
3
Col
2
Holdom
Gilley Ave
Ave
y
Canada Wy
Nelson Ave
King Edward
wa
Grandview Hwy
ar di Wy
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes noLguarantees, representations or warranties of any kind, expressed oug hee regarding the information including, but not limited Sperling/ or implied, dH Burnaby Lake i g to, warranties ofhwcontent, and reliability. Any interested City Way ay Lakeaccuracy Production Way/ party should undertake their own inquiries as to the accuracy of University the information. Colliers International excludes unequivocally all Lougheed Sprott St inferred or implied terms, conditions and warranties arising out Town Centre Winston St of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property Trof Colliers International and /or its licensor(s). © 2014. All rights an Deer Lake Pkwy sC reserved. ana This communication is not intended to cause or induce daan existing listing agreement. Colliers Macaulay Nicolls breach of 1 Hi way Brokerage Inc.gh(Vancouver). *Personal Real Estate Corporation.
Rupert
Rupert St
gs
1
Gilmore
E Broadway Renfrew
Brentwood Town Centre
Royal Oak Ave
E 12th Ave
Kin
ward Ave
Commercial
Broadway
Nanaimo St
Ave
Wy
1st Ave
Renfrew St
Broadway/ City Hall
VCC/Clark
Deep Cove Rd
Berkley Rd
Gilmore Ave
Commercial Dr
Parker St
ighw ay CASEY7AWEEKS* ASSOCIATE VICE PRESIDENT DIR 604 661 0811 Fraser MOB 640 318 6892 Simon University Curtis St [email protected] gl Ga
Clark Dr
Main St
Gr e at Nor t he r n
Mt Sey mo
ve rs id
Ri
B
ge
Venables St
DEVELOPMENT ACTIVITY IN NORQUAY NEIGHBORHOOD
Olympic Village
Port M
Barn et H
Eton St
rid
Asking Price: Stadium/Chinatown
d ay R lB
CONTACT
Dr
Assessed Value:
Workers Memo
$28,715.60 Land $986,000 McGill St Improvements $221,400 Dundas St Total $1,207,400 E Hastings Street $1,368,000
W Riverside
n Iro
Net Operating Income
Yaletown/ Roundhouse
Ave
in Hwy
$13,016.64
Granville
ancouver ty Centre
eD
r
E
Burrard Inlet(2014): Property Taxes
Waterfront
Burrard
FT
dD
W
Zoning:
Mounta
W 13th St W 3rd Harbourside Dr Harbourside Pl spla St Improvements: na de
Welch St
E
4,400 SF including 2,400 SF of retail and 2,000 SF of residential. Demised as 2 two-bedroom/two-bathroom apartments with balconies. R and wood E K Constructed in 1985 of concrete block wall Mt Seymour Pkwy eit hframe. Tar and gravel roof replaced in 2006. Heat is Rd E 3 provided by electric baseboard. Each unit has its own rd ollarton Rd St Dollarton Hwy ade water Main electric tank metered. nhot St and is independently l E Espla O C-2 Commercial Lillooet d
Rentable Area: 15th St
Va
n 3,762 SF Lor yn 33’ x 114’
u
33
d rR
Dr
e Dr
Fe Ave La ll rs on Rd
Site Area:
nis an Hy
1
Mountain Hwy
y
d
Brooksbank Ave
tB
Gerald Ave
on
LOT C,r REXCEPT PART IN REFERENCE NorthPLAN 2407, ema d BLOCK 5 DISTRICT LOT 52 PLAN 2574, Bra Vancouver PID: 013-631-641 Located on the north side of Kingsway one lot east of the d E 29th St corner y R of Slocan and Kingsway. northeast lle
E Grand Blvd
m
Location: lv
wa
Ma rin
bro ok
ge
Chesterfield Ave Lonsdale Ave St Georges Ave
gh
ve
Legal Address:A
Ed
m
2529 Kingsway, Vancouver, BC
Del
ev en s
Capil
Dr
an
Civic Address:
l ria
o Rd
investment opportunities such as 2529 Kingsway to reap the benefits.
v r Ri
116th
2529 Kingsway Vancouver, BC
CASEY WEEKS* ASSOCIATE VICE PRESIDENT 604 661 0811 [email protected]
INVESTMENT HIGHLIGHTS >> East Vancouver’s most rapidly developing neighborhood >> Favourable mix of both retail and residential income streams >> Significant income upside >> Only 650 metres from East 29th Avenue Skytrain station >> High exposure retail location
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
>> Perfect for an owner/user or investor
FOR SALE > 2529 KINGSWAY NEIGHBOURHOOD OVERVIEW The Norquay Neighbourhood has witnessed an influx of development activity with major projects that will dramatically transform this underutilized corridor. In the fall of 2011, Westbank Projects Corp purchased the former Canadian Tire site at 2220 Kingsway were over 300,000 square feet is slated for a commercial/residential mixed use project. In 2013 Wall Development completed their mixed-use project “2300
Capilano Kingsway” at the former Eldorado Hotel location and Thind Development is putting Lake
the finishing touches on their 12-storey “Skyway Tower” one block east of the subject property. This activity will continue the positive momentum in this changing district and allow
Boundary Rd
Ar
an Indi FT 114
we l
Be d
Rd rke
Sperling St
Edmonds
Bl
Cla
North Rd
h 6t
ve sA
P
en
Columbia
tu ll
Bridge
o
ue rds wa on Wy Q te
Fr
e as
a
Marine Wy
Kingsway
Braid
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Sapperton e Vancouver, BC V6C 2R6 Av h t 604 e 10 681 4111 Av e www.collierscanada.com 8th Av
Wy
Marine Dr
Royal Oak
da
El l i ot St
Tyne St
Victoria Dr
Knight St
Fraser St
Patterson
Project Metrotown KING EDWARD VILLAGE Imperial St 2220 Kingsway 2300 Kingsway Rumble St SKYWAY TOWER
Kent A ve S
HA082014
Co
St
Cambie St
Burnaby
na
Address 49th Ave E 4078 Knight Street 2220 Kingsway 2300 Kingsway 2711 Kingsway
t
h
Twigg Pl
Knight S
N Kent Ave
ge S
Ca
1 2 3 Marine Dr 4
Developer AQUILINI WESTBANK W 57th Ave WALL THIND SE Marine Dr
Gran
6t
Langara/ 49th Ave
Main St
Ave
E 41st Ave
Kerr St
Oakridge/41st Ave
Earles St
Joyce
Ave
Holdom St
Willingdon Ave
29th Ave
E 33rd Ave
St
Nanaimo
bia
44
um
3
Col
2
Holdom
Gilley Ave
Ave
y
Canada Wy
Nelson Ave
King Edward
wa
Grandview Hwy
ar di Wy
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes noLguarantees, representations or warranties of any kind, expressed oug hee regarding the information including, but not limited Sperling/ or implied, dH Burnaby Lake i g to, warranties ofhwcontent, and reliability. Any interested City Way ay Lakeaccuracy Production Way/ party should undertake their own inquiries as to the accuracy of University the information. Colliers International excludes unequivocally all Lougheed Sprott St inferred or implied terms, conditions and warranties arising out Town Centre Winston St of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property Trof Colliers International and /or its licensor(s). © 2014. All rights an Deer Lake Pkwy sC reserved. ana This communication is not intended to cause or induce daan existing listing agreement. Colliers Macaulay Nicolls breach of 1 Hi way Brokerage Inc.gh(Vancouver). *Personal Real Estate Corporation.
Rupert
Rupert St
gs
1
Gilmore
E Broadway Renfrew
Brentwood Town Centre
Royal Oak Ave
E 12th Ave
Kin
ward Ave
Commercial
Broadway
Nanaimo St
Ave
Wy
1st Ave
Renfrew St
Broadway/ City Hall
VCC/Clark
Deep Cove Rd
Berkley Rd
Gilmore Ave
Commercial Dr
Parker St
ighw ay CASEY7AWEEKS* ASSOCIATE VICE PRESIDENT DIR 604 661 0811 Fraser MOB 640 318 6892 Simon University Curtis St [email protected] gl Ga
Clark Dr
Main St
Gr e at Nor t he r n
Mt Sey mo
ve rs id
Ri
B
ge
Venables St
DEVELOPMENT ACTIVITY IN NORQUAY NEIGHBORHOOD
Olympic Village
Port M
Barn et H
Eton St
rid
Asking Price: Stadium/Chinatown
d ay R lB
CONTACT
Dr
Assessed Value:
Workers Memo
$28,715.60 Land $986,000 McGill St Improvements $221,400 Dundas St Total $1,207,400 E Hastings Street $1,368,000
W Riverside
n Iro
Net Operating Income
Yaletown/ Roundhouse
Ave
in Hwy
$13,016.64
Granville
ancouver ty Centre
eD
r
E
Burrard Inlet(2014): Property Taxes
Waterfront
Burrard
FT
dD
W
Zoning:
Mounta
W 13th St W 3rd Harbourside Dr Harbourside Pl spla St Improvements: na de
Welch St
E
4,400 SF including 2,400 SF of retail and 2,000 SF of residential. Demised as 2 two-bedroom/two-bathroom apartments with balconies. R and wood E K Constructed in 1985 of concrete block wall Mt Seymour Pkwy eit hframe. Tar and gravel roof replaced in 2006. Heat is Rd E 3 provided by electric baseboard. Each unit has its own rd ollarton Rd St Dollarton Hwy ade water Main electric tank metered. nhot St and is independently l E Espla O C-2 Commercial Lillooet d
Rentable Area: 15th St
Va
n 3,762 SF Lor yn 33’ x 114’
u
33
d rR
Dr
e Dr
Fe Ave La ll rs on Rd
Site Area:
nis an Hy
1
Mountain Hwy
y
d
Brooksbank Ave
tB
Gerald Ave
on
LOT C,r REXCEPT PART IN REFERENCE NorthPLAN 2407, ema d BLOCK 5 DISTRICT LOT 52 PLAN 2574, Bra Vancouver PID: 013-631-641 Located on the north side of Kingsway one lot east of the d E 29th St corner y R of Slocan and Kingsway. northeast lle
E Grand Blvd
m
Location: lv
wa
Ma rin
bro ok
ge
Chesterfield Ave Lonsdale Ave St Georges Ave
gh
ve
Legal Address:A
Ed
m
2529 Kingsway, Vancouver, BC
Del
ev en s
Capil
Dr
an
Civic Address:
l ria
o Rd
investment opportunities such as 2529 Kingsway to reap the benefits.
v r Ri
116th
