VICTORIA ST

VICTORIA ST W

SUM

MIT D

R

HU

DSO

N’S B A

Y TR

FERNIE RD

LOMBARD STFERN

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MISSION FLATS RD

PHASE1&2

VACANTLAND

HUDSON’S BAY LANDINGMULTI-FAMILY DEVELOPMENT OPPORTUNITYUnique offering consisting of a two-phase, partially constructed 89 unit apartment

property as well as a 2.21 acre development site zoned for 77 units

FOR SALE | 925 & 945/955 VICTORIA STREET W, KAMLOOPS, BC

Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

The site is being offered with a LIST PRICE of $6,975,000.00.CBRE Limited is the exclusive listing agent for the sites.

Expressions of interest to purchase will be dealt with as-received.

KAMLOOPS MARKET OVERVIEW

QUICK FACTS

Kamloops population is currently 105,708 and forcast to rise by 4% over the next five years.

The estimated average income for families in Kamloops was $96,779 in 2018, and is projected to increase 8.5%

in the next five years.

Kamloops apartment vacancy currently sits at 1.2%, flat year-over-year.

POPULATION105,708

APARTMENT VACANCY RATES1.2%

RENTAL UNIVERSE3,951

AVG. 2-BEDROOM RENT$957 / MO.

The city of Kamloops is located within British Columbia’s southern interior. The city is a key transportation hub, a result of its unique placement and immediate connections to the Trans-Canada and Yellowhead highways. With a metro population of 105,708 people, Kamloops is the second largest city in the BC interior.

The economy is anchored by primary resource processing including strong forestry, mining, and agricultural industries. Tolko Plywood and Veneer, Domtar’s Pulp Mill, and the Highland Valley Copper Mine are some of the largest employers in the region. The city is also home to Thompson Rivers University which offers diploma, undergraduate and graduate degrees to over 14,000 students.

Kamloops offers a rare combination of nature, culture, and affordability . With its extensive trails, lakes, and parks, there is plenty to attract new residents.

MUNICIPAL COMMENTARY

KAMLOOPS TOTAL POPULATION (2018)

2013 Estimated 101,872

2018 Estimated 105,708

2023 Projected 109,822

% Pop. Change(2013-2018) 3.8%

% Pop. Change(2018-2023) 3.9%

Source: CMHC, Q4 2015.

Source: CMHC, 2018.

Bachelor 1 Bedroom 2 Bedroom

Monthly Rental Rate $655 $823 $957

Vacancy Rate 3.0% 1.0% 1.1%

Figure 2: Trends in Housing Starts

0

100

200

300

400

Single Row Apartment

328

59

163

259

32

320

2017 2016

Bachelor 1 Bedroom 2 Bedroom

Monthly Rental Rate $655 $823 $957

Vacancy Rate 3.0% 1.0% 1.1%

KAMLOOPS APARTMENT SNAPSHOT

TRENDS IN HOUSING STATS

The Hudson’s Bay Landing development entails the unique opportunity to acquire a 3 Phase multi-family development in the highly sought after mountain city of Kamloops.

The offer is made up of 2 land parcels; the first being a 3.21 acre site improved with a 101 stall and 36 bike parkade with 31 additional surface stalls. Atop this parkade is Phase 1, a partially constructed steel and concrete construction 40 unit building, as well as construction-ready pad for Phase 2, a 49 unit building.

Phase 1 carries an active development permit. Phase 2 has a full permit-ready set of drawings. The second parcel is a 2.21 acre vacant development site zoned for up to 77 units under the RM2 land use bylaw.

MUNICIPAL ADDRESS

945/955 VICTORIA STREET W, KAMLOOPS, BC925 VICTORIA STREET W, KAMLOOPS, BC

LEGAL DESCRIPTION

PLAN KAP85008PLAN EPP20417, LOT 2

PLAN KAP85008PLAN EPP20417, LOT 3 DL.F

SITE SIZE

PHASE 1 & 2: 3.21 ACRESVACANT LAND: 2.21 ACRES

LAND USE

RM2 - MULTIPLE FAMILY MEDIUM DENSITY

HUDSON’S BAY LANDING

HU

DSO

N'S

BAY

TR

AIL

ROAD A

VICTORIA ST. W.

CONDO - C

CONDO - B

CONDO - A

"NOT FOR CONSTRUCTION"2012-04-19

ROAD A

ABOUT THE OPPORTUNITY

Appraisal - 2018

DP drawing set and permit (Phase 1)

Phase 1 ESA & exec summary

DOCUMENTS AVAILABLE

Building permit drawing set (Phase 2)

Parking & density restrictive covenants

Cost to complete report

HUDSON’S BAY LANDING

www.cbre.com/edmontonwww.cbre.ca/edmonton

CONTACT USLANCE COULSONPersonal Real Estate CorporationNational Apartment Group - BCExecutive Vice President +1 604 662 5141 lance.coulson@cbre.com

This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.

CODY NELSONLand & Development AdvisoryAssociate Vice President +1 780 229 4689 cody.nelson@cbre.com

Phase 1 was originally started in 2007 when the shared parkade was constructed and the 40 unit building was constructed. Both Phase 1 & 2 are 5 storey design with Phase 2 planned to be wood construction.

PHASE 1 & 2 SUMMARY

SUITE MIX

TYPE PHASE 1 PHASE 2Studio 1 5

1 Bed / 1 Bath 9 5

1 Bed + Den / 1 Bath - 25

2 Bed / 2 Bath 25 10

3 Bed / 2 Bath 5 4

TOTAL 40 49