FOR SALE 243 EAST 13TH AVENUE VANCOUVER, BC

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1 FOR SALE 243 EAST 13TH AVENUE VANCOUVER, BC

2 OPPORTUNITY. Devencore is pleased to present a rare opportunity to acquire a beautifully rebuilt turnkey 11-unit multi-family property in the vibrant and growing Mount Pleasant neighbourhood of Vancouver. Extensive renovation in 2013 transformed 243 E 13 th Avenue into one of the most high quality and desirable residential buildings in the area. The 6,000 square foot lot is located in one of Vancouver s trendiest neighbourhoods with easy access to Downtown and features 8 underground parking stalls with bike storage and tenant storage lockers. With excellent access to transit, shops and restaurants, Mount Pleasant has become a known tech-hub with companies such as Hootsuite, Relic Entertainment, Atomic Cartoons, DHX Media among many others calling it home.

3 PROPERTY OVERVIEW. LAND SIZE 49.5 x 122 PROPERTY IDENTIFIER ZONING RM4 Multiple Dwelling YEAR BUILT 1970, rebuilt in 2013 CONSTRUCTION PARKING UNITS Wood frame 8 underground stalls & 1 outdoor stall 1 Two Bedroom Suite 9 One Bedroom Suites 1 Studio Suite Click icon for Virtual Tour.

4 FINANCIALS. CURRENT 2018 NOI $182,328 *excluding upcoming rental increases ASKING PRICE $7,188,888 NOTE Due diligence package available on request for qualified purchasers.

5 FLOOR PLANS. Main Floor 1,992 SF Second Floor 2,022 SF Third Floor 2,022 SF

6 PROPERTY UPGRADES. Rear driveway re-paved Hot and cold water service lines Fire separation between suites Fire monitoring, fire alarms and pull stations Heat trace on garage sprinkler system Landscaping and fencing Updated boiler, insulation and drywall in suite separations, halls and windows Energy efficient Smart Glass windows Parkade bike storage and 13 storage lockers

7 SUITE UPGRADES. Updated light fixtures, baseboards, balcony railings and baseboard heaters Updated exhausts for dryer, fans and baths Digital thermostats in all suites Laminate flooring, quartz countertops and glass tile backsplash Updated sinks, pullout faucets, drawers, cooktops, hoodfans, convection ovens All kitchens include dishwashers In suite washer and dryer in all suites Updated roller shades installed in the living rooms and bedrooms Bathrooms upgraded to marble flooring, new soaker tubs, sinks and toilets

8 LOCATION & AMENITIES. Mount Pleasant has become one of Vancouver s trendiest and sought after communities in Vancouver. With major gentrification since the 1990s, the area has been a hot spot for well known local and global tech and media companies looking to open offices in an area that offers restaurants, coffee shops, boutiques, shopping and other amenities within walking distance. With a booming population, Mount Pleasant is a vibrant community that offers banks, groceries, pharmacies and many other service needs within steps. Vancouver General Hospital and Mount St. Joseph Hospital are also in close proximity. For those preferring transit, the 99 B-Line express bus and Broadway-City Hall Canada Line Skytrain station are all within a few blocks of the property making this location easily accessible.

9 1 Starbucks 6 DQ Restaurant 2 COBS Bread Bakery 7 Goldilocks 3 Vera s Burger Shack 8 Lucy s Eastside Diner 4 Save-On-Foods 9 Burdock & Co 5 Forty Ninth Parallel Coffee 10 Bean Around The World P Subject Property T Transit T T 10 T E 12 th Avenue P 6 E 13 th Avenue 5 Main Street T

10 Brian W. Reems Personal Real Estate Corporation Vice President Sean Lemckert Associate Advisor Chris Harper Associate Advisor Granville Street, 15th Floor Vancouver, BC, V6C 1X8 This communication is intended for general information only and not to be relied upon in any way. Consequently, no responsibility or liability whatsoever can be accepted by Devencore for any loss or damage resulting from any use of, reliance on or reference to the contents of this document, including hypertext links to external sources. In addition, as a general communication, this material does not necessarily represent the view of Devencore in relation to particular properties or projects. This communication is not intended to cause or induce breach of any agency agreement. Reproduction or distribution of this communication in whole or in part is not allowed without prior written approval of Devencore.