The Opportuni ty of a Lifet ime

Langara Estat e s OnePresenting a truly unique, once in a lifetime opportunity to build an iconic master-planned community in one of Vancouver’s most desirable and prominent neighbourhoods. Langara Estates One sits on a sizable 5.63 acre site and offers prospective purchasers the opportunity to build a mix of new multi-family buildings of varying heights on the edge of Langara Golf Course. This ideal location will provide world-class unobstructed views and a quiet residential feel rarely found within large-scale residential developments, with excellent potential to capture new condo pricing commensurate with this prestigious West Side offering.

Vancouver’s West Side is changing. With the adoption of the Cambie Corridor Plan in May 2018, the area is transforming with expanding transit options, greater amenities, and incredible large-scale developments; most notably, the new Oakridge Centre, currently the largest development project in Vancouver. Just a few blocks south of Langara Estates One are two other large-scale redevelopments: Cambie Gardens, a mixed-use development to include residential, retail, and a host of community programs and supportive health services; and Langara Gardens, a new master-planned residential development consisting of high-rise towers, mid-rise apartments, and townhomes. Langara Estates One would be one of many new exciting redevelopments in a neighbourhood that’s revolutionizing urbanism.

Residents currently living in the area are surrounded by a tremendous cross-section of amenities, beautiful parks, plentiful recreational opportunities, and convenient access to rapid transit with the Canada Line SkyTrain running underground along Cambie Street, providing residents with easy access to Downtown Vancouver, Vancouver International Airport (YVR), and connections to other areas of Metro Vancouver. As the corridor develops, a new Canada Line station is proposed for West 57th Avenue and Cambie Street.

Langara Estates One is much more than another development parcel. It’s an opportunity to create an inspirational residential community, akin to other significant developments nearby. It’s a site unlike any other in a highly sought-after location, in a market that is greatly supporting new development.

Be part of history and bring this exciting opportunity to life!

Renderings are for visualization purposes only and are not intended to communicate development plans.

Bid Process

The offering

The offering Process

suBmission guidelines

On behalf of the owners of the Strata Corporation VR478 (collectively the “Vendor”), CBRE Limited (CBRE) (the “Agent”) is pleased to offer for sale Langara Estates One (the “Property”).

Covering a large 245,080 Sq. Ft. Site (approximately), existing improvements include 11 buildings comprised of 42 stratified units. The site is well located in the heart of Vancouver’s prominent West Side neighbourhood, immediately adjacent to Langara Golf Course and within walking distance to the Canada Line SkyTrain. The site is well-positioned within a neighbourhood that is experiencing tremendous growth and development, making it the ideal location to build a prestigious master-planned community.

The Vendor is a strata corporation. Any offers to purchase all 42 strata lots and common property comprising Strata Plan VR478 is subject to the provisions of the Strata Property Act. All prospective purchasers will be advised of an offer submission date after an initial marketing period.

The Vendor has adopted an unpriced, modified bid process. Interested parties are invited to submit an offer in the form of a Letter of Intent (which will be provided upon request) that addresses the requirements below:

1. Purchase Price and confirmation of the deposits payable for the Property;

2. Name of the prospective Purchaser(s) and contact information;3. Terms and conditions of closing;4. Schedule of timing and events to complete Closing; and5. Confirmation that the Property is being purchased on an

“as-is” basis.

To be announced following the full marketing process.

Langara College

YMCA

Oakridge Centre

Langara Golf Course

W 49TH AVENUE

CAMBIE STREET

Langara-49th Avenue

Tisdale Park

Oakridge-41st Ave

TS NI

AM

TS TH

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KINGSWAY

WEST 70 AVE

EAST BROADWAY

GRA

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OAK ST

WEST 2

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BRIDGEPORT RD

EAST BROADWAY

KING EDWARD AVE W

EAST 29 AVE

BLA

NC

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K S

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SOUTHWEST MARINE DR

WEST 4 AVE

GRA

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SEA ISLAND WAY

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MIA

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SOUTHEAST MARINE DR

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WEST 49 AVE

WEST 6 AVE

EAST 41 AVE

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SST

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DR

WEST 41 AVE

RD

KRAL

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WOLFEAVE

WEST 10 AVE

GRANDVIEW HWYS

BURR

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GRANT MCCONACHIE WAY

ALM

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WEST 16 AVE

TS EIZNE

KC

AM

KING EDWARD AVE E

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LANGARA ESTATES ONEVANCOUVER | BC

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 Informationmay 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.Mapping Sources: Canada Location Intelligence canadamapping@cbre.com; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth

0 0.4 0.8 1.2 1.6

Kilometers

°

ARBUTUS RIDGE

KERRISDALE

OAKRIDGE

MARPOLE

SHAUGHNESSY

RILEY PARK

SOUTH CAMBIE

SUNSET

SOUTH VANCOUVER

KENSINGTON -CEDAR COTTAGE

WEST SIDE

LANGARA-49TH AVENUE

MARINE DRIVE

BRIDGEPORT

TEMPLETON

SEA ISLAND CENTRE

YVR - AIRPORT

OAKRIDGE 41ST AVENUE

KING EDWARD

OAKRIDGE CENTRE

QUEEN ELIZABETH PARK VANDUSEN

BOTANICAL GARDEN

LANGARA GOLF COURSE

MCCLEERY DRIVING RANGE

POINT GREY GOLF& COUNTRY CLUB

VANCOUVER INTERNATIONAL AIRPORT

OAK PARK WINONA PARK

FRASER RIVER PARK

RIVERVIEW PARK

HILLCREST AQUATIC CENTRE

MEMORIALSOUTH PARK

GORDON PARK

NANAIMO PARK

FRASERVIEWGOLF COURSE

KENSINGTON PARK

QUILCHENA PARK

MEMORIALWEST PARK

CA

NA

DA

LIN

E

TT

TT

T

T

T

T

T

T OLYMPIC VILLAGE

WEST POINT GREY

PACIFIC SPIRITREGIONAL PARK

SHAUGHNESSY GOLF & COUNTRY CLUB

IONA BEACHREGIONAL PARK

BROADWAY-CITY HALL

LANGARA GOLF COURSE LOOKING SOUTH

CONVENIENTLY LOCATED NEAR OAKRIDGE CENTRE

Located directly in front of Langara Golf Course, Langara Estates One provides a truly exceptional opportunity to build a master planned community with world-class views and seclusion that only a golf course backyard could offer.

Deemed as one of the city’s most desirable locations, the Cambie Corridor in Vancouver’s West Side is a dream location for any developer looking to make their mark and create a visionary master-planned community on an incredible site with significant revenue potential from new condo sales.

Residents are attracted to vibrant neighbourhoods full of amenities, parks, and recreation, and Vancouver’s distinguished Westside provides just that. Langara College and the YMCA are both a short walk from the property, along with Oakridge Centre, one of Vancouver’s most upscale shopping destinations with over 100+ shops and services. This neighbourhood is also home to some of Vancouver’s most popular parks & recreation facilities, including Queen Elizabeth Park, Nat Bailey Stadium, Hillcrest Aquatic Centre, and the VanDusen Botanical Garden, all of which can be easily accessed via the Canada Line SkyTrain within minutes.

Centrally Located in Vancouver’s Highly Desirable West Side

live connecTed

A once in A lifeTime oPPorTuniTy

everyThing AT your fingerTiPs

With the Canada Line just steps from the property, the entire Vancouver area is within reach of those living at Langara Estates One. Residents can travel to Downtown Vancouver in approximately 10 minutes and YVR airport in under 12 minutes without ever changing trains, or can travel via the Canada Line to Waterfront Station in Vancouver for access to even more transit options including: the Expo Line Skytrain, the West Coast Express, and the Seabus, making it incredibly simple to quickly and efficiently travel across Metro Vancouver. The property’s location on the edge of West 49th Avenue also provides direct access to the University of British Columbia in just a 25 minute bus ride, or a short 15 minute drive.

STEPS FROM THE CANADA LINE SKYTRAIN

World-Class Amenities Within Walking Distance

Grocery & Conveniences Entertainment & Recreation Restaurants & Cafes

Within 3 km of the property

Safeway Cineplex Cinemas & VIP

Middle & Secondary Schools

Location Demographics

Elementary Schools

Seasons in the Park

Kin’s Farm Market VanDusen Botanical Garden

Hillcrest Aquatic Centre

Modern City Chinese Restaurant

T&T Supermarket Senova

Real Canadian Superstore Queen Elizabeth Park Tennis Courts Pink Elephant Thai

Kyuzo Japanese Restaurant

Save-On-Foods

Choices MarketQueen Elizabeth Park Disc Golf Course

Langara Golf CourseYMCA - LangaraSteve Nash Fitness World

Vancouver Lawn Tennis Club

Dublin Crossing Irish Pub

Starbucks

Bean Around the World

Rocanini Coffee Roasters

BMO, RBC & Scotia Bank

Shoppers Drug Mart

Winners

1 10

10 17

19

2 11 20

3 12 21

4 13 22

24

5 141516

17

18

23

252627

6

5

6

7

89

8 9

1

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2 7

1113

12

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18

26

24

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27

23

19

15

117,833Estimated

Population (2018)

Langara College

$109,527Avg. Household Income (2018)

$123,824Avg. Household Income (2023)

Oakridge Centre100+ Shops, Services

& Food Vendors

Marine Gateway20+ Shops &

Services

1625

PropertyAddresses

CurrentZoning

OCP Land Use Designation

OCP Density

Potential Buildable Area**

ListPrice

Year Built

CurrentImprovements

Site Size

Existing Building Area

302 - 450 Greensboro Place6601 - 6633 Turnberry Crescent320 - 340 Wethersfield DriveVancouver, BC

CD-1 (103)0.75x FSR Density

Not Specified(Cambie Corridor Plan)

Not Specified

Estimated 686,224 - 735,240 Sq. Ft.(2.80x - 3.00x FSR)

Bid Process

1979

11 Buildings42 Stratified Townhouse Units

5.63 Acres*245,080 Sq. Ft.*

80,738 Sq. Ft.

ProPerTy summAry

*All measurements are approximate & subject to verification by the Purchaser **Based on conceptual massing study

LANGARA ESTATES ONE LOOKING SOUTHEAST

ProPerTy Profile

cAmBie corridor PlAn & re-Zoning

The offering provides an unprecedented opportunity to acquire a large-scale, world-class redevelopment site in the heart of Vancouver’s prestigious West Side. The property is currently improved with 42 duplex-style townhomes on a sprawling 5.63 acres, bordered by Langara Golf Course and Cambie Street. The Langara/49th Avenue Canada Line Station is just a stone’s throw away from this exceptional location, offering convenient access to both Downtown Vancouver and Vancouver International Airport.

Since the Canada Line opened in 2009, the Cambie Corridor has seen rapid growth along the entire rapid transit system. Most notably is Oakridge Centre, now under an extensive redevelopment to provide state-of-the-art housing and retail options to the surrounding neighborhood and located only one Canada Line stop from Langara Estates One.

The Cambie Corridor Plan guides the redevelopment of properties within the Plan’s boundaries. Langara Estates One is included in the Cambie Corridor Plan boundaries with an open designation with respect to achievable density and other housing policies that would apply to a rezoning of the property. There are other stand-alone and undesignated sites within the Cambie Corridor Plan boundaries and located in the immediate vicinity that present reasonable precedents for the redevelopment of the Langara Estates One.

The Cambie Corridor Plan further states that sites not specifically designated may be considered for rezoning. Rezoning applications for these particular sites, including Langara Estates One, would be considered in the context of all policies and goals of the plan including sites over 1.98 acres in size, subject to the City’s Rezoning Policy for Sustainable Large Developments.

An architectural massing study for the potential density and housing components for a rezoning of the property is available to prospective purchasers. Prospective Purchasers should discuss and confirm all development assumptions with the City of Vancouver Planning Department. The architectural massing study is for visualization purposes only and is not intended to communicate development plans.

Renderings are for visualization purposes only and are not intended to communicate development plans.

The Cambie Corridor will join the downtown peninsula and the Broadway Corridor as strategic areas of urbanism within our city.

Emphasizing low and mid-rise building forms with taller buildings at locations such as Marine Drive and Oakridge, this Plan introduces a

new form of urbanism for the City of Vancouver.

LANCE COULSONPersonal Real Estate CorporationExecutive Vice PresidentStrata Wind-up & Property SalesCBRE Limited, Capital Markets604 662 5141Lance.Coulson@cbre.com

MITCH CRAMPVice PresidentStrata Wind-up & Property SalesCBRE Limited, Capital Markets778 372 1943Mitchell.Cramp@cbre.com

STRATA WIND-UP &PROPERTY SALES

CBRE Limited | 1021 West Hastings Street | Suite 2500 | Vancouver, BC | V6E 0C3This 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. Mapping Sources: Canadian Mapping Services canadamapping@cbre.com; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.

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