WeSt 41St avenue vAncouver, Bc
Partnership. Performance.
For Sale Avison Young is pleased to present this rare opportunity to acquire a retail investment property in the heart of Kerrisdale.
Michael Buchan*, Vice-President 604.647.5079 [email protected] * Michael Buchan Personal Real Estate Corporation Nabila Lalani, Associate 604.647.1342 [email protected]
Justin Omichinski*, Vice-President 604.646.8387 [email protected] *Justin Omichinski Personal Real Estate Corporation
2135-2141 West 41st avenue vancouver, BC
2135-2141
West 41st Avenue Vancouver, BC
Property Details
Opportunity
Legal Address
Avison Young is pleased to present a rare and exciting opportunity to acquire a 4,000 square foot retail investment property in the heart of Kerrisdale. The Property consists of two (2) retail units, currently occupied by Buchan’s Kerrisdale Stationary, a longstanding tenant in the Kerrisdale community, and The Perfect Gift/Martin Smith Jewellers. The Property is one of few opportunities that arise to acquire commercial property in the prime West 41st Avenue corridor of Kerrisdale.
2135 West 41 Avenue, Vancouver, B.C. st
PID
012-736-899
Legal Description PL VAP3564 LT 13 BLK 6 DL 526 LD 36
Building Size
✓✓ Clean Phase 1 environmental report (2017)
4,000 square feet
✓✓ Premier Kerrisdale address and on the north side of West 41st Avenue
Site Size
✓✓ Fully leased investment property
0.12 Acres (5,200 sf)
✓✓ New roof was installed July 2008
Parking
Rear surface parking with five (5) stalls C-2 (Commercial) providing for a wide range of commercial uses serving both local and city wide needs.
Property Taxes
$71,010.79 (2016 tax assessment)
Assessed Value (2017)
$7,038,100
Sale Price
$8,200,000
Projected Net Operating Income (2017)
$220,000
Title
Free & Clear
Lease Expiry
✓✓ Value-add opportunity ✓✓ Potential to assemble for future redevelopment
Zoning
Unit Size
Property
Buchan’s Kerrisdale Stationary
Martin Smith Jewellers
2,668 sf
1,333 sf
June 2021
July 2017
Point Grey Secondary
Purdy’s
Tim Hortons
Jinya Ramen
McDonald’s
Subject Property West Boulevard
West 41st Avenue
Cobs Bread
Gap
Kerrisdale Cameras
Caffe Artigiano
CIBC
Location The Property is located mid-block on the north side of West 41st Avenue, close to the corner of West Boulevard and West 41st Avenue and considered to be in the epicenter of Kerrisdale. Kerrisdale is a sought after neighbourhood on Vancouver’s west side that is bordered north by West 41st Avenue, south by Southwest Marine Drive, east by Granville Street/Angus Drive and west by Blenheim Street. The Property is located in the heart of Kerrisdale known as “The Village”, the main shopping district and a landmark clock at West Boulevard and West 41st Avenue marks this intersection as the central hub of the neighbourhood.
The Future Arbutus Greenway The Arbutus Greenway is a future, north-south transportation corridor that will connect False Creek to the Fraser River.
LifeLabs
London Drugs
PLANNED DESIGN: MATERIALS & LAYOUT GRANVILLE ISLAND
4th Ave
FIR STREET TO WEST BROADWAY
A
KITSILANO
B
• 4m asphalt path separated into a 2.5m cycling area and a 1.5m walking area
Broadway
FAIRVIEW
• 2m bark mulch path for walking
16th Ave
• 0.5-1.5 m separation between paths*
ARBUTUS RIDGE
A QUILCHENA
WEST BROADWAY TO WEST 16TH AVENUE
King Edward Ave
• 5m asphalt path separated into a 2.5m cycling area and a 2.5m walking area
SHAUGHNESSY
B
33rd Ave
WEST 16TH AVENUE TO WEST 33RD AVENUE • 4m asphalt path separated into a 2.5m cycling area and a 1.5m walking area
41st Ave
Subject Property
KERRISDALE
• 2m bark mulch path for walking 49th Ave
• 0.5-1.5 m separation between paths*
SW MARINE
C
WEST 33RD AVENUE TO WEST 41ST AVENUE
SOUTH GRANVILLE
57th Ave
• 5m asphalt path separated into a 2.5m cycling area and a 2.5m walking area
lvd
st B
SW ine
r Ma
WEST 41ST AVENUE TO MILTON STREET
Dr
The future Arbutus Greenway will encourage people to travel by foot and bike, and ultimately streetcar, and improve access to public green space.
BC Liquor Store
BMO
We
In March 2016, the City purchased the lands known as the “Arbutus Corridor” from Canadian Pacific Railway (CP) for the WELCOME! purpose of creating a transportation greenway.
Nando’s
Oak St
RBC
Arbutus St
Kerrisdale Optical
Faubourg
Larch St
Vancity
TD Bank
West Blvd
Flight Centre
MacDonald St
Starbucks
vard
BCAA
ScotiaBank
Sleep Country
East Boule
Menchie’s
Town Shoes
Granville St
Shoppers Drug Mart
Starbucks
Burrard St
Dairy Queen/Orange Julius
MARPOLE
• 2.5m asphalt path for walking LEGEND Arbutus Greenway
ine
SW
r Ma
Dr
• 2.5m asphalt path for cycling • 0.5m-1m separation between paths*
*Separation widths are “typical” and may be reduced or increased based on local conditions.
Source: City of Vancouver; Arbutus Greenway
vancouver.ca/arbutus-greenway
#arbutusgreenway
Downtown Vancouver
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Subject Property 2135-2141 West 41st Avenue
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Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada Michael Buchan*, Vice-President 604.647.5079 [email protected] * Michael Buchan Personal Real Estate Corporation Nabila Lalani, Associate 604.647.1342 [email protected]
Justin Omichinski*, Vice-President 604.646.8387 [email protected] *Justin Omichinski Personal Real Estate Corporation
avisonyoung.com
© 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.
For Sale Avison Young is pleased to present this rare opportunity to acquire a retail investment property in the heart of Kerrisdale.
Michael Buchan*, Vice-President 604.647.5079 [email protected] * Michael Buchan Personal Real Estate Corporation Nabila Lalani, Associate 604.647.1342 [email protected]
Justin Omichinski*, Vice-President 604.646.8387 [email protected] *Justin Omichinski Personal Real Estate Corporation
2135-2141 West 41st avenue vancouver, BC
2135-2141
West 41st Avenue Vancouver, BC
Property Details
Opportunity
Legal Address
Avison Young is pleased to present a rare and exciting opportunity to acquire a 4,000 square foot retail investment property in the heart of Kerrisdale. The Property consists of two (2) retail units, currently occupied by Buchan’s Kerrisdale Stationary, a longstanding tenant in the Kerrisdale community, and The Perfect Gift/Martin Smith Jewellers. The Property is one of few opportunities that arise to acquire commercial property in the prime West 41st Avenue corridor of Kerrisdale.
2135 West 41 Avenue, Vancouver, B.C. st
PID
012-736-899
Legal Description PL VAP3564 LT 13 BLK 6 DL 526 LD 36
Building Size
✓✓ Clean Phase 1 environmental report (2017)
4,000 square feet
✓✓ Premier Kerrisdale address and on the north side of West 41st Avenue
Site Size
✓✓ Fully leased investment property
0.12 Acres (5,200 sf)
✓✓ New roof was installed July 2008
Parking
Rear surface parking with five (5) stalls C-2 (Commercial) providing for a wide range of commercial uses serving both local and city wide needs.
Property Taxes
$71,010.79 (2016 tax assessment)
Assessed Value (2017)
$7,038,100
Sale Price
$8,200,000
Projected Net Operating Income (2017)
$220,000
Title
Free & Clear
Lease Expiry
✓✓ Value-add opportunity ✓✓ Potential to assemble for future redevelopment
Zoning
Unit Size
Property
Buchan’s Kerrisdale Stationary
Martin Smith Jewellers
2,668 sf
1,333 sf
June 2021
July 2017
Point Grey Secondary
Purdy’s
Tim Hortons
Jinya Ramen
McDonald’s
Subject Property West Boulevard
West 41st Avenue
Cobs Bread
Gap
Kerrisdale Cameras
Caffe Artigiano
CIBC
Location The Property is located mid-block on the north side of West 41st Avenue, close to the corner of West Boulevard and West 41st Avenue and considered to be in the epicenter of Kerrisdale. Kerrisdale is a sought after neighbourhood on Vancouver’s west side that is bordered north by West 41st Avenue, south by Southwest Marine Drive, east by Granville Street/Angus Drive and west by Blenheim Street. The Property is located in the heart of Kerrisdale known as “The Village”, the main shopping district and a landmark clock at West Boulevard and West 41st Avenue marks this intersection as the central hub of the neighbourhood.
The Future Arbutus Greenway The Arbutus Greenway is a future, north-south transportation corridor that will connect False Creek to the Fraser River.
LifeLabs
London Drugs
PLANNED DESIGN: MATERIALS & LAYOUT GRANVILLE ISLAND
4th Ave
FIR STREET TO WEST BROADWAY
A
KITSILANO
B
• 4m asphalt path separated into a 2.5m cycling area and a 1.5m walking area
Broadway
FAIRVIEW
• 2m bark mulch path for walking
16th Ave
• 0.5-1.5 m separation between paths*
ARBUTUS RIDGE
A QUILCHENA
WEST BROADWAY TO WEST 16TH AVENUE
King Edward Ave
• 5m asphalt path separated into a 2.5m cycling area and a 2.5m walking area
SHAUGHNESSY
B
33rd Ave
WEST 16TH AVENUE TO WEST 33RD AVENUE • 4m asphalt path separated into a 2.5m cycling area and a 1.5m walking area
41st Ave
Subject Property
KERRISDALE
• 2m bark mulch path for walking 49th Ave
• 0.5-1.5 m separation between paths*
SW MARINE
C
WEST 33RD AVENUE TO WEST 41ST AVENUE
SOUTH GRANVILLE
57th Ave
• 5m asphalt path separated into a 2.5m cycling area and a 2.5m walking area
lvd
st B
SW ine
r Ma
WEST 41ST AVENUE TO MILTON STREET
Dr
The future Arbutus Greenway will encourage people to travel by foot and bike, and ultimately streetcar, and improve access to public green space.
BC Liquor Store
BMO
We
In March 2016, the City purchased the lands known as the “Arbutus Corridor” from Canadian Pacific Railway (CP) for the WELCOME! purpose of creating a transportation greenway.
Nando’s
Oak St
RBC
Arbutus St
Kerrisdale Optical
Faubourg
Larch St
Vancity
TD Bank
West Blvd
Flight Centre
MacDonald St
Starbucks
vard
BCAA
ScotiaBank
Sleep Country
East Boule
Menchie’s
Town Shoes
Granville St
Shoppers Drug Mart
Starbucks
Burrard St
Dairy Queen/Orange Julius
MARPOLE
• 2.5m asphalt path for walking LEGEND Arbutus Greenway
ine
SW
r Ma
Dr
• 2.5m asphalt path for cycling • 0.5m-1m separation between paths*
*Separation widths are “typical” and may be reduced or increased based on local conditions.
Source: City of Vancouver; Arbutus Greenway
vancouver.ca/arbutus-greenway
#arbutusgreenway
Downtown Vancouver
ut
t ee
ytrain
tr
canada line sk
W 49thAvenue
ks
s
et
oa
var d ule t Bo
an
le
e tr
Wes
gr
et
W 41st Avenue
Subject Property 2135-2141 West 41st Avenue
l vi
u
re
cambie street
b ar
t ss
ar SW M
ine D
rive
Partnership. Performance. Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada Michael Buchan*, Vice-President 604.647.5079 [email protected] * Michael Buchan Personal Real Estate Corporation Nabila Lalani, Associate 604.647.1342 [email protected]
Justin Omichinski*, Vice-President 604.646.8387 [email protected] *Justin Omichinski Personal Real Estate Corporation
avisonyoung.com
© 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.
