Rare Investment/Reposition Opportunity in Edgemont Village

1050 West Queens Road, North Vancouver

FOR SALE

Terry Thies*, Principal 604.646.8398 terry.thies@avisonyoung.com *Terry Thies Personal Real Estate Corp.

Ian Whitchelo*, Principal 604.647.5095 ian.whitchelo@avisonyoung.com *Ian Whitchelo Personal Real Estate Corporation

Aerial image courtesy of Google, DigitalGlobe

CONNAUGHTBY GROSVENOR DEVELOPMENT

EDGEMONT COMMONS

EDGEMONT SENIOR LIVING

1050 West Queens Road, North VancouverAvison Young is pleased to present the rare

opportunity to acquire a property with

redevelopment potential. Under the recently

completed Edgemont Refresh Community Plan,

1050 West Queens Road falls under Commercial

Residential Mixed-Use user designation that allows

up to a maximum of three storeys at a 1.75 floor

space ratio. Edgemont Village’s Edgemont Refresh

community plan and several new commercial and

residential developments will enhance the already

vibrant commercial district. Close proximity to

world famous outdoor attractions such as Grouse

Mountain, Capilano Suspension Bridge and the

popular Grouse Grind.

Aerial image courtesy of Google, DigitalGlobe

Image courtesy of DNV - Edgemont Village

Image courtesy of edgemontvillage.ca

Edgemont Village & New Development Recently completed, the Edgemont Refresh community plan administers the development guidelines that are directed at improving the environment of the Edgemont Village neighbourhood. Two blocks have been designated for Low Density Apartment land also featuring a density of up to 1.75 FSR. Furthermore, two blocks of land have been designated for institutional usage.

With incredible architecture, Edgemont Commons is a signature development in Edgemont Village located adjacent to the Subject Property. The ground floor is occupied by Blue Shore Financial and features additional food, retail and service space. Located in a contemporary outdoor setting, the upper levels feature medical, dental and legal services and professional office spaces.

Soon to be the largest building in Edgemont Village, Grosvenor’s mixed-use project, Connaught, will deliver 65,000 sf of commercial space and over 100,000 sf of residential space. Anchored by Thrifty Foods, the development will also boast 213 underground parking stalls. Upon completion, Connaught will be a landmark development in the enhancement of Edgemont – transforming the community into a vibrant commercial epicentre.

Property SummaryMunicipal Address1050 West Queens Road, North Vancouver, BC

Legal DescriptionPL VAP6659 LT A BLK 40 DL 598 LD 36

PID010-862-862

ZoningC2 - General Commercial Zone 2

Land Use DesignationCommercial Residential Mixed-Use

Potential Floor Space Ratio (FSR)Up to 1.75 FSR*

Lot Size6,783 sf*

Existing Building Size1,725 sf*

Potential Buildable AreaUp to 1.75 x lot size*

Property Tax$44,917.30 (2017)

Sale Price$5,000,000

*To be confirmed by purchaser

Notable tenants in the area include Starbucks, RBC Royal Bank, HSBC Bank, Bank of Montreal, BlueShore Financial TD Bank, Windsor Meat Co, Delany’s Coffee, and Roger’s Chocolates.

Situated in Edgemont Village, at the corner of West Queens Road and Newmarket Drive. Edgemont Village is North Vancouver’s most popular neighbourhood, servicing the nearby residential neighbourhood and surrounding area.

The property is easy accessible to the Trans-Canada Highway, and is located 6 minutes from Marine Drive.

It is surrounded by new developments, such as Edgemont Commons, and Grosvenor’s new mixed-use project, Boffo’s townhouse development, and Edgemont Senior Living.

Image courtesy of edgemontvillage.ca

M

W QUEENS RD

EDGMONT BLVD

HIGHLAND BLVD

RIDGEWOOD DRIVE

NEWMARKET DR

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© 2018 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.

x Subject Property

1 TD Bank

2 RBC Bank

3 BMO Bank

4 BlueShore Financial

5 HSBC Bank

6 Starbucks

7 Delany’s Coffee House

8 Roger’s Chocolates

9 Columbus Farm Market

10 Windsor Meats

12 Edgemont Senior Living

13 Chevron

14 Café Artigiano

15 Highlands United Church

16 St Catherine’s Church

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PUBLIC LIBRARY

CONNAUGHTBY GROSVENOR

TRANS CANADA HIGHWAY

TO CAPILANO ROAD

TO WESTVIEW