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DEVELOPMENT SITEHIGH DENSITY

AREA: Carvolth

ADDRESS: 20176 86 Ave., Langley, BC

SIZE: 2.34 Acres

PRICE: $8,900,000

FOR SALEHWY 1

200

St.

86 Ave.

84 Ave.

HOMELIFE GLENAYRE REALTY COMPANY LTD.

Joe Varing - Personal Real Estate Corporation Ltd. 604.565.3478 | info@varinggroup.com

360-3033 Immel Street, Abbotsford, BC V2S 6S2

This document has been prepared by Varing Marketing Group for marketing and general information only. Varing Marketing Group believes the information contained in this information package is correct, but makes no representations or warranties with respect thereto.  Interested parties should complete their own independent investigations and enquiries as to the ownership and condition of the property and its suitability for any particular purpose. Not intended to cause breach of existing agency agreement.

VARING MARKETING GROUP | HOMELIFE GLENAYRE REALTY COMPANY LTD. — Information Package — 20176 86 Ave. PAGE 2

CIVIC ADDRESS: 20176 86 Ave., Langley, BC PID: 006-274-064

SIZE: 2.34 Acres

PRICE: $8,900,000

WORK/LIVE FLEX USE (APPROX ¼ OF THE SITE) - FRONTING 86TH AVE

The intent of the Work/Live Flex Use designation is to provide opportunities for small business, artisan/craftspeople and small-scale retailers and institutional uses by creating flexible work/live environments in close proximity to one another in a mixed-use built form that allows flexibility and adaptability in use over time. Work/Live Flex Use provides a number of benefits to the community including incubator space for small business growth, reduction in commuting and vehicle miles traveled, affordable housing and added services for a neighborhood.

Uses and requirements in the Work/Live Flex Use designation include:

• Residential.

• Office.

• Retail.

• Commercial.

• Maximum Density: 2.0 FSR.

• Minimum Building Height: 3 storey’s

• Individual retail units are restricted to a maximum gross floor area of 1,000 m2 (10,764 f2) per unit.

Approx Buildable Square Feet: 50,000

Density Estimation: Assume a 5 story building with retail on ground floor and 4 stories of residential – estimated 40 units.

MEDIUM DENSITY RESIDENTIAL (APPROX ¾ OF THE SITE)

The intent of the Medium Density Residential designation is to create a mix of housing options suitable for and affordable to a range of income levels and lifestyles including singles, couples, seniors and young families.

Uses and requirements in the Medium Density Residential designation include:

• Residential.

• Maximum Density: 1.7 FSR.

• Minimum Density: 1.3 FSR.

• Maximum Building Height: 6 storey’s.

• Minimum Building Height: 3 storey’s.

Approx buildable Square Feet: 130,000

Density Estimation: Assume a mix of 1 and 2 bedroom units over 2 – six storey buildings mix of 1 Estimated yield of 175 units (appx 88 units per building)

Total Potential Yield: 215 condo’s and high exposure retail / commercial space along 86th Ave.

PROPERTY DESCRIPTION

VARING MARKETING GROUP | HOMELIFE GLENAYRE REALTY COMPANY LTD. — Information Package — 20176 86 Ave. PAGE 3

AERIAL VIEW

TOPOGRAPHY

AERIAL VIEW

TOPOGRAPHY

VARING MARKETING GROUP | HOMELIFE GLENAYRE REALTY COMPANY LTD. — Information Package — 20176 86 Ave. PAGE 4

SUBJECT DIMENSIONS SHOWN IN METERS

188

.6

188

.6

50.3

50.3

LEGAL VIEW

DIMENSIONS

VARING MARKETING GROUP | HOMELIFE GLENAYRE REALTY COMPANY LTD. — Information Package — 20176 86 Ave. PAGE 5

Carvolth Neighbourhood Plan| 10

Figure 8. Land Use Plan

Gateway

Office/Mixed Use I

Office/Mixed Use II

Office/Mixed Use III

Flex Employment I

Flex Employment II

Service Commercial

High Street Mixed Use

Work/Live Flex Use

Transit Exchange

High Density Residential

Med. Density Residential

Townhouse Residential

Conservation Area

Integrated Open Space

Note: To serve the needs of this area, development must contribute towards a new school/park within or outside of Carvolth.

CARVOLTH LAND USE PLAN - FULL VIEW

VARING MARKETING GROUP | HOMELIFE GLENAYRE REALTY COMPANY LTD. — Information Package — 20176 86 Ave. PAGE 6

LATIMER NCP - CLOSE UP

Carvolth Neighbourhood Plan| 10

Figure 8. Land Use Plan

Gateway

Office/Mixed Use I

Office/Mixed Use II

Office/Mixed Use III

Flex Employment I

Flex Employment II

Service Commercial

High Street Mixed Use

Work/Live Flex Use

Transit Exchange

High Density Residential

Med. Density Residential

Townhouse Residential

Conservation Area

Integrated Open Space

Note: To serve the needs of this area, development must contribute towards a new school/park within or outside of Carvolth.

Carvolth Neighbourhood Plan| 10

Figure 8. Land Use Plan

Gateway

Office/Mixed Use I

Office/Mixed Use II

Office/Mixed Use III

Flex Employment I

Flex Employment II

Service Commercial

High Street Mixed Use

Work/Live Flex Use

Transit Exchange

High Density Residential

Med. Density Residential

Townhouse Residential

Conservation Area

Integrated Open Space

Note: To serve the needs of this area, development must contribute towards a new school/park within or outside of Carvolth.

VARING MARKETING GROUP | HOMELIFE GLENAYRE REALTY COMPANY LTD. — Information Package — 20176 86 Ave. PAGE 7

Carvolth Neighbourhood Plan| 8

Figure 7. Integrated Area Concept Plan

Gateway

Office/Mixed Use I

Office/Mixed Use II

Office/Mixed Use III

Flex Employment I

Flex Employment II

Service Commercial

High Street Mixed Use

Work/Live Flex Use

High Density Residential

Med. Density Residential

Townhouse Residential

Transit Exchange

Major Arterial Restricted Arterial Major Collector Provincial Highway

Conservation Area

Integrated Open Space

Stream Buffer/Greenway Highway Buffer Pocket Park Plaza Detention Pond Project Boundary

Note: To serve the needs of this area, development must contribute towards a new school/park within or outside of Carvolth.

CARVOLTH ROAD NETWORK