trophy development property - NAI Commercial
200ft 100ft
3998 Granville St
TROPHY DEVELOPMENT PROPERTY Multi-Level Townhome Redevelopment Potential Kaitlin Beaudry
Commercial Sales & Leasing 604 691 6667 [email protected]
Jesse Godin
Commercial Sales & Leasing 604 691 6636 [email protected]
Kaitlin Beaudry
Commercial Sales & Leasing 604 691 6667 [email protected]
Jesse Godin
Commercial Sales & Leasing 604 691 6636 [email protected] Unit 202 - 670 EVANS AVENUE VANCOUVER, BC V6A 2K9 Tel: (604) 731-3012 / Fax: (604) 731-3908 Cel: (604) 649-0669 / Email: [email protected]
THE POTENTIAL PLAN
LAURIER AVE 100 ft
200 ft
Unit 202 - 670 EVANS AVENUE VANCOUVER, BC V6A 2K9 Tel: (604) 731-3012 / Fax: (604) 731-3908 Cel: (604) 649-0669 / Email: [email protected]
AN
GR
GRANVILLE ST
200ft
LE
VIL
West Elevation (Granville)
ST
100ft
Unit 202 - 670 EVANS AVENUE VANCOUVER, BC V6A 2K9 Tel: (604) 731-3012 / Fax: (604) 731-3908 Cel: (604) 649-0669 / Email: [email protected]
Unit 202 - 670 EVANS AVENUE VANCOUVER, BC V6A 2K9 Tel: (604) 731-3012 / Fax: (604) 731-3908 Cel: (604) 649-0669 / Email: [email protected]
THE VISION & POTENTIAL DEVELOPMENT IDEAS North Elevation (Laurier)
South Elevation (Lane)
Adult/Senior Living - Downsizing Single Floor Luxury Townhomes
High-End Rental Units
High-End Townhomes
Subject Property Active Developments Completed Luxury Townhome Development
THE LOCATION Located on the very prominent intersection of Granville Street and West King Edward Avenue, this is the first block as you enter First Shaughnessy in Vancouver, BC.
7
min
Shaughnessy’s central position in the Lower Mainland and the appeal of the neighbourhood has led to new and active developments in the area. Additionally, a mere 5-minute drive away is the popular South Granville shopping district, home to many shops, retailers, and an abundance of fine cuisine and art venues. Enjoy excellent proximity to Downtown Vancouver, along with beautiful view corridors of the downtown skyline, North Shore Mountains, and the English Bay inlet. Neighbouring amenities include Safeway, gas stations, banks, pharmacy, fitness clubs, cafés and schools. Nearby parks include Shaughnessy Park, Granville Park and Douglas Park.
GRANVILLE PARK SHAUGHNESSY PARK
W 16 AVE
DOUGLAS PARK
ST
VIL
AK
O
AN
GR LE ST
SHAUGHNESSY 1
WARD AVE
W KING ED
Active developments by Acton Ostry Architects, Regeneration Design, Loy Leyland Architect and Diamond Architectural Group are in the immediate area of the subject site.
THE DETAILS
THE SCENARIO
The non-heritage, post-1940 property is currently improved with a recently renovated four-level split family home. It features a modern contemporary design with an open-concept layout by RodRozen Designs. Movato Home Magazine featured the property as “2016 Georgie Award winning 5,350-sf residence”.
Civic Address:
3998 Granville Street Vancouver, BC V6H 3L2
Featured article available at: naibc.ca/wp-content/ uploads/2017/09/VancouverHome-Spring2016.pdf
Legal Description:
PL VAP4502 LT 1 BLK 69 DL 526 LD 36
Scenario 1: Total Project Buy Out Developers and Investors have the opportunity for a total site buy out, below pro-forma land acquisition cost. This allows for 100% control of the project and design direction to be entirely determined by the buyer.
Scenario 2: Joint Venture
THE OPPORTUNITY This offering represents a rare opportunity for an investor or developer to acquire a multi-level townhome redevelopment site in prominent First Shaughnessy District. The subject property is ready and awaiting a permit application to allow for a potential 2.5 FSR. On this 20,000-sf site, it is estimated that there could be a potential approval of up to 50,000 sf in redeveloped townhomes. A developer/investor has the opportunity to begin the application process while earning owner leaseback income from the current home owner. Once the redevelopment application has been approved, the developer/investor will have the ability to capitalize on the recent surge in pricing for high-end townhomes in the First Shaughnessy District. Note: The FSR is subject to a development application and scheme being approved by the City of Vancouver. The current zoning on the site is FSD (First Shaughnessy District) and upon current zoning the FSR is stated as 0.25. Any purchaser should satisfy themselves as to the potential of the site.
PID:
011-530-073
Site Size:
20,000 sf
LAURIER AVE
GRANVILLE ST
THE PROPERTY
The current owner would look to sell the site at a reduced cost to an investor/developer interested in completing a Joint Venture with the present owner.
Scenario 3: Pre-Zoning Investment Dimensions:
200 ft x 100 ft
Potential Gross Buildable Area:
50,000 sf
Zoning:
FSD
Property Taxes (2017):
$14,069.42
The pre-zoning investment is the opportunity for an investor looking to place capital or gain a sales profit, on the overall development plan the owner is positioned for, after successfully achieving rezoning on the entire planned development site.
W KING EDWARD AVE
CURRENT IMPROVEMENTS
The most exclusive, highly valued west side development corridor in Canada.
Unit 202 - 670 EVANS AVENUE VANCOUVER, BC V6A 2K9 Tel: (604) 731-3012 / Fax: (604) 731-3908 Cel: (604) 649-0669 / Email: [email protected]
200ft 100ftft 100
3998 Granville St Kaitlin Beaudry
Commercial Sales & Leasing 604 691 6667 [email protected]
Jesse Godin
Commercial Sales & Leasing 604 691 6636 [email protected]
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied. Aerial images courtesy of Google, DigitalGlobe. Current Improvements photos courtesy of Movato Home Magazine - Spring 2016.
NAI Commercial 1075 W Georgia St, Suite 1300 Vancouver, BC V6E 3C9 +1 604 683 7535 naicommercial.ca
3998 Granville St
TROPHY DEVELOPMENT PROPERTY Multi-Level Townhome Redevelopment Potential Kaitlin Beaudry
Commercial Sales & Leasing 604 691 6667 [email protected]
Jesse Godin
Commercial Sales & Leasing 604 691 6636 [email protected]
Kaitlin Beaudry
Commercial Sales & Leasing 604 691 6667 [email protected]
Jesse Godin
Commercial Sales & Leasing 604 691 6636 [email protected] Unit 202 - 670 EVANS AVENUE VANCOUVER, BC V6A 2K9 Tel: (604) 731-3012 / Fax: (604) 731-3908 Cel: (604) 649-0669 / Email: [email protected]
THE POTENTIAL PLAN
LAURIER AVE 100 ft
200 ft
Unit 202 - 670 EVANS AVENUE VANCOUVER, BC V6A 2K9 Tel: (604) 731-3012 / Fax: (604) 731-3908 Cel: (604) 649-0669 / Email: [email protected]
AN
GR
GRANVILLE ST
200ft
LE
VIL
West Elevation (Granville)
ST
100ft
Unit 202 - 670 EVANS AVENUE VANCOUVER, BC V6A 2K9 Tel: (604) 731-3012 / Fax: (604) 731-3908 Cel: (604) 649-0669 / Email: [email protected]
Unit 202 - 670 EVANS AVENUE VANCOUVER, BC V6A 2K9 Tel: (604) 731-3012 / Fax: (604) 731-3908 Cel: (604) 649-0669 / Email: [email protected]
THE VISION & POTENTIAL DEVELOPMENT IDEAS North Elevation (Laurier)
South Elevation (Lane)
Adult/Senior Living - Downsizing Single Floor Luxury Townhomes
High-End Rental Units
High-End Townhomes
Subject Property Active Developments Completed Luxury Townhome Development
THE LOCATION Located on the very prominent intersection of Granville Street and West King Edward Avenue, this is the first block as you enter First Shaughnessy in Vancouver, BC.
7
min
Shaughnessy’s central position in the Lower Mainland and the appeal of the neighbourhood has led to new and active developments in the area. Additionally, a mere 5-minute drive away is the popular South Granville shopping district, home to many shops, retailers, and an abundance of fine cuisine and art venues. Enjoy excellent proximity to Downtown Vancouver, along with beautiful view corridors of the downtown skyline, North Shore Mountains, and the English Bay inlet. Neighbouring amenities include Safeway, gas stations, banks, pharmacy, fitness clubs, cafés and schools. Nearby parks include Shaughnessy Park, Granville Park and Douglas Park.
GRANVILLE PARK SHAUGHNESSY PARK
W 16 AVE
DOUGLAS PARK
ST
VIL
AK
O
AN
GR LE ST
SHAUGHNESSY 1
WARD AVE
W KING ED
Active developments by Acton Ostry Architects, Regeneration Design, Loy Leyland Architect and Diamond Architectural Group are in the immediate area of the subject site.
THE DETAILS
THE SCENARIO
The non-heritage, post-1940 property is currently improved with a recently renovated four-level split family home. It features a modern contemporary design with an open-concept layout by RodRozen Designs. Movato Home Magazine featured the property as “2016 Georgie Award winning 5,350-sf residence”.
Civic Address:
3998 Granville Street Vancouver, BC V6H 3L2
Featured article available at: naibc.ca/wp-content/ uploads/2017/09/VancouverHome-Spring2016.pdf
Legal Description:
PL VAP4502 LT 1 BLK 69 DL 526 LD 36
Scenario 1: Total Project Buy Out Developers and Investors have the opportunity for a total site buy out, below pro-forma land acquisition cost. This allows for 100% control of the project and design direction to be entirely determined by the buyer.
Scenario 2: Joint Venture
THE OPPORTUNITY This offering represents a rare opportunity for an investor or developer to acquire a multi-level townhome redevelopment site in prominent First Shaughnessy District. The subject property is ready and awaiting a permit application to allow for a potential 2.5 FSR. On this 20,000-sf site, it is estimated that there could be a potential approval of up to 50,000 sf in redeveloped townhomes. A developer/investor has the opportunity to begin the application process while earning owner leaseback income from the current home owner. Once the redevelopment application has been approved, the developer/investor will have the ability to capitalize on the recent surge in pricing for high-end townhomes in the First Shaughnessy District. Note: The FSR is subject to a development application and scheme being approved by the City of Vancouver. The current zoning on the site is FSD (First Shaughnessy District) and upon current zoning the FSR is stated as 0.25. Any purchaser should satisfy themselves as to the potential of the site.
PID:
011-530-073
Site Size:
20,000 sf
LAURIER AVE
GRANVILLE ST
THE PROPERTY
The current owner would look to sell the site at a reduced cost to an investor/developer interested in completing a Joint Venture with the present owner.
Scenario 3: Pre-Zoning Investment Dimensions:
200 ft x 100 ft
Potential Gross Buildable Area:
50,000 sf
Zoning:
FSD
Property Taxes (2017):
$14,069.42
The pre-zoning investment is the opportunity for an investor looking to place capital or gain a sales profit, on the overall development plan the owner is positioned for, after successfully achieving rezoning on the entire planned development site.
W KING EDWARD AVE
CURRENT IMPROVEMENTS
The most exclusive, highly valued west side development corridor in Canada.
Unit 202 - 670 EVANS AVENUE VANCOUVER, BC V6A 2K9 Tel: (604) 731-3012 / Fax: (604) 731-3908 Cel: (604) 649-0669 / Email: [email protected]
200ft 100ftft 100
3998 Granville St Kaitlin Beaudry
Commercial Sales & Leasing 604 691 6667 [email protected]
Jesse Godin
Commercial Sales & Leasing 604 691 6636 [email protected]
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied. Aerial images courtesy of Google, DigitalGlobe. Current Improvements photos courtesy of Movato Home Magazine - Spring 2016.
NAI Commercial 1075 W Georgia St, Suite 1300 Vancouver, BC V6E 3C9 +1 604 683 7535 naicommercial.ca
