1369-1377 Kingsway - Amazon Simple Storage Service (S3)
Downtown Vancouver
Kingsway Subject Property
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1369-1377
Kingsway Vancouver, BC
Partnership. Performance.
For Sale Prime Development Opportunity in the heart of the Kingsway Corridor
Michael Buchan*, Vice-President 604.647.5079 [email protected] *Personal Real Estate Corporation
Robert Greer*, Principal 604.647.5084 [email protected] *Personal Real Estate Corporation
1369-1377
Kingsway Vancouver, BC
Opportunity
Executive Summary
Avison Young is pleased to present this rare opportunity to acquire a prime 12,128 sf residential development site in the centre of East Vancouver located at 1369 – 1377 Kingsway (the “Property”). The site boasts 99 feet of frontage along Kingsway and is ideal for a mixed-use development.
Municipal Addresses 1369 Kingsway 1377 Kingsway
PID’s
1369 Kingsway – 012-886-254 1377 Kingsway – 005-174-481
Location
Legal Descriptions
The property is ideally located on the north side of Kingsway between Knight Street and Clark Drive in the heart of the transitioning Kingsway Corridor in the Kensington Cedar Cottage area of Vancouver. This area is characterized by primarily mixed-use commercial properties along Kingsway east-west and residential surrounding directly north and south of Kingsway.
1369 Kingsway – LOT I BLOCK 36 DISTRICT LOT 301 PLAN 3451 1377 Kingsway - LOT G EXCEPT PART IN PLAN LMP51635, OF LOTS 8 AND 9 BLOCK 36 DISTRICT LOT 301 GROUP 1 PLAN 3451
Site Area 1369 Kingsway
8,085 sf
1377 Kingsway
4,043 sf
Total
12,128 sf
Zoning
The Property’s central Vancouver location offers a 15-minute drive to Downtown Vancouver and a 5 minute drive to Nanaimo SkyTrain Station. It is surrounded by an abundance of local amenities and sits directly adjacent to the major northsouth thoroughfare, Knight Street.
Accessibility
C-2 General Commercial
Current Improvements
1369 Kingsway – single storey commercial property with one tenant 1379 Kingsway – two storey commercial property with retail at grade and office above
Total Assessment (2016) $5,712,300
Property Taxes (2016) 1369 Kingsway – $40,865 1377 Kingsway - $16,892
Net Income (2017 - approx) $120,000 per annum
Asking Price
$9,200,000 ($303 pbsf)
92/100 Walker’s Paradise
Daily errands do not require a car
70/100 Excellent Transit
Transit is convenient for most trips
99/100 Biker’s Paradise
Mostly flat, excellent bike lanes Source: WalkScore.com
Investment Highlights 99 Excellent development opportunity in the heart of Kingsway 99 Stunning views to the north and west from a redevelopment 99 Holding income in-place with flexible lease terms 99 Abundance of surrounding amenities
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Development Potential The intent of this Schedule is to provide for a wide range of commercial uses serving both local and city wide needs, as well as residential uses, along arterial streets. This Schedule emphasizes building design that furthers compatibility among uses, ensures livability, limits impact on adjacent residential sites, and contributes to pedestrian interest and amenity. The maximum floor space ratio (FSR ) defined in the district schedule is 2.5 times the total site area with a maximum height of 45 feet. The gross buildable area on a redevelopment is 30,320 square feet with the majority being residential density and a portion commercial space, spread over approximately 4-5 storeys.
Clark Park Charles Dickens Elementary
Sun Bo Kong Vegetarian Restaurant Cedar Cottage Neighbourhood Pub
Knight Street
Big Brothers of Greater Vancouver
Tyee Elementary
House Of Dosas Subject Property Dollar Tree
Midland Liquidators Sushi Wind
K in
Hai Phong Vietnamese Domino’s Pizza
Po Kong
CIBC
gs w
ay Pink Peppercorn
Pallet Coffee Roasters Anytime Fitness TD Bank Services Canada
Famous Foods Market Ashiana Tandoori
De Dutch Pannekoek House E King Edward Avenue
Save-On-Foods
White Spot
Kingcrest Park
Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com
Michael Buchan*, Vice-President 604.647.5079 [email protected] *Personal Real Estate Corporation
Robert Greer*, Principal 604.647.5084 [email protected] *Personal Real Estate Corporation
© 2017 Avison Young. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young.
Kingsway Subject Property
Ek
ing
ed
t Knigh
str e e
t
wa r
da for sale ve nu
e
1369-1377
Kingsway Vancouver, BC
Partnership. Performance.
For Sale Prime Development Opportunity in the heart of the Kingsway Corridor
Michael Buchan*, Vice-President 604.647.5079 [email protected] *Personal Real Estate Corporation
Robert Greer*, Principal 604.647.5084 [email protected] *Personal Real Estate Corporation
1369-1377
Kingsway Vancouver, BC
Opportunity
Executive Summary
Avison Young is pleased to present this rare opportunity to acquire a prime 12,128 sf residential development site in the centre of East Vancouver located at 1369 – 1377 Kingsway (the “Property”). The site boasts 99 feet of frontage along Kingsway and is ideal for a mixed-use development.
Municipal Addresses 1369 Kingsway 1377 Kingsway
PID’s
1369 Kingsway – 012-886-254 1377 Kingsway – 005-174-481
Location
Legal Descriptions
The property is ideally located on the north side of Kingsway between Knight Street and Clark Drive in the heart of the transitioning Kingsway Corridor in the Kensington Cedar Cottage area of Vancouver. This area is characterized by primarily mixed-use commercial properties along Kingsway east-west and residential surrounding directly north and south of Kingsway.
1369 Kingsway – LOT I BLOCK 36 DISTRICT LOT 301 PLAN 3451 1377 Kingsway - LOT G EXCEPT PART IN PLAN LMP51635, OF LOTS 8 AND 9 BLOCK 36 DISTRICT LOT 301 GROUP 1 PLAN 3451
Site Area 1369 Kingsway
8,085 sf
1377 Kingsway
4,043 sf
Total
12,128 sf
Zoning
The Property’s central Vancouver location offers a 15-minute drive to Downtown Vancouver and a 5 minute drive to Nanaimo SkyTrain Station. It is surrounded by an abundance of local amenities and sits directly adjacent to the major northsouth thoroughfare, Knight Street.
Accessibility
C-2 General Commercial
Current Improvements
1369 Kingsway – single storey commercial property with one tenant 1379 Kingsway – two storey commercial property with retail at grade and office above
Total Assessment (2016) $5,712,300
Property Taxes (2016) 1369 Kingsway – $40,865 1377 Kingsway - $16,892
Net Income (2017 - approx) $120,000 per annum
Asking Price
$9,200,000 ($303 pbsf)
92/100 Walker’s Paradise
Daily errands do not require a car
70/100 Excellent Transit
Transit is convenient for most trips
99/100 Biker’s Paradise
Mostly flat, excellent bike lanes Source: WalkScore.com
Investment Highlights 99 Excellent development opportunity in the heart of Kingsway 99 Stunning views to the north and west from a redevelopment 99 Holding income in-place with flexible lease terms 99 Abundance of surrounding amenities
kn
ft
ht st re
99 f t
.5
ig
2 12
et
King
sway
Development Potential The intent of this Schedule is to provide for a wide range of commercial uses serving both local and city wide needs, as well as residential uses, along arterial streets. This Schedule emphasizes building design that furthers compatibility among uses, ensures livability, limits impact on adjacent residential sites, and contributes to pedestrian interest and amenity. The maximum floor space ratio (FSR ) defined in the district schedule is 2.5 times the total site area with a maximum height of 45 feet. The gross buildable area on a redevelopment is 30,320 square feet with the majority being residential density and a portion commercial space, spread over approximately 4-5 storeys.
Clark Park Charles Dickens Elementary
Sun Bo Kong Vegetarian Restaurant Cedar Cottage Neighbourhood Pub
Knight Street
Big Brothers of Greater Vancouver
Tyee Elementary
House Of Dosas Subject Property Dollar Tree
Midland Liquidators Sushi Wind
K in
Hai Phong Vietnamese Domino’s Pizza
Po Kong
CIBC
gs w
ay Pink Peppercorn
Pallet Coffee Roasters Anytime Fitness TD Bank Services Canada
Famous Foods Market Ashiana Tandoori
De Dutch Pannekoek House E King Edward Avenue
Save-On-Foods
White Spot
Kingcrest Park
Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada avisonyoung.com
Michael Buchan*, Vice-President 604.647.5079 [email protected] *Personal Real Estate Corporation
Robert Greer*, Principal 604.647.5084 [email protected] *Personal Real Estate Corporation
© 2017 Avison Young. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young.
