1111 West Georgia Street Suite #600 Vancouver, BC V6E 4M3 T 604-662-3000 F 604-684-9368 www.cbre.ca August 26, 2014 Re: Announcement of a Formal Bid Date for Seymour Estate, North Vancouver, British Columbia Thank you for your interest in Seymour Estate, a high profile 6.25 acre North Shore redevelopment site in a neighbourhood that is drawing focus from many of Vancouver s top developers. We have been actively providing additional information to interested parties since our marketing launch and are now requesting formal bids. We have set the date of Thursday, September 11 th, 2014 at 4:00 pm Pacific Standard Time as the bid date for submissions of interest. Attached, please find the standard Letter of Intent (LOI) for your review. We would prefer you use this LOI for your submission with a blackline copy of any changes and additions made to our standard forms to Anna Yeh at anna.yeh@cbre.com. If you have any questions or require additional information, please do not hesitate to contact either of the undersigned. Yours truly, CBRE Limited 604-662-5125 604.662.5141 604-662-5154
PRIME REDEVELOPMENT OPPORTUNITY SEYMOUR ESTATES 904-944 LYTTON STREET I NORTH VANCOUVER, BC WINDSOR SECONDARY SCHOOL MT. SEYMOUR PARKWAY LYTTON STREET RON ANDREWS REC CENTRE INVESTMENT HIGHLIGHTS :: CBRE Limited is pleased to present a rare and unique opportunity to acquire a large-scale, prime residential redevelopment site Seymour Estates - located in the District of North Vancouver, British Columbia. :: This trophy 6.25 acre site is situated in a highly desired residential hub, located directly on Mount Seymour Parkway and minutes from Dollarton Highway and Highway 1. :: Other nearby amenities include McCartney Creek Park, Ron Andrews Rec Centre, Canlan Ice Sports, Windsor Secondary School, Capilano University and the Great Canadian Superstore. :: The Maplewood neighborhood is undergoing exciting transformations, garnering interest from Vancouver s top developers. Redevelopment of the Subject Property would thus occur in a forward-looking community that will further increase the attractiveness of the area. :: The site is currently improved with a townhouse development representing 114 separate, undivided fractional title interests. The Owners interests are governed and managed through the elected Council (the Council ) of the Seymour Village Management Inc. who have exclusive conduct of the sale. FOR MORE INFORMATION PLEASE CONTACT: 604 662 5141 604 662 5125 604 662 5154 CBRE Limited 1111 West Georgia Street Suite 600 Vancouver, BC V6E 4M3 www.cbre.ca 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. Mapping Sources: Canadian Mapping Services canadamapping@cbre.com; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.
SEYMOUR ESTATES 904-944 LYTTON STREET, NORTH VANCOUVER, BC LOCATION :: Situated on the south east corner of Mt. Seymour Parkway and Lytton Street in North Vancouver s Maplewood Neighborhood. :: Adjacent to the Ron Andrews Community Recreation Centre, a full service recreation, sport, arts, culture and leisure centre featuring a banquet room, fitness centre, licensed preschool, pool, squash courts, steam room, sauna, whirlpool, playground and multi-purpose program rooms. :: Borders Windsor Secondary School, one of the top three rated public schools in North Vancouver, renowned for its academic as well as extra-curricular programs. :: The neighbouring Canlan Ice Sports - North Shore Centre is North Vancouver s largest and most pristine recreational ice facility complex with 3 NHL-sized ice surfaces, a Grillhouse restaurant, sports store and daycare centre. :: The subject property is situated in an easily accessible, central location which provides quick and convenient access to all other areas within North Vancouver such as Deep Cove (7 min drive), Lynn Valley (10 min drive), the Lonsdale Quay (15 min drive), West Vancouver (15 min drive), as well as Downtown Vancouver (20 min drive). :: The property benefits from being within close proximity to numerous tenant friendly amenities such as: Parkgate Library & Community Centre, Capilano University, Great Canadian Superstore and the prestigious Northlands and Seymour Golf courses. In addition, this area also benefits from exceptional outdoor recreational opportunities including: Mt. Seymour, numerous walking and hiking facilities as well as McCartney, Panorama and Cates Parks. A top destination for Recreational ice activities Immediate access to the popular, full-service recreation centre CLOSE TO AMENITIES SUCH AS CANLAN ICE SPORTS Neighbour to the top-ranking Windsor Secondary School ADJACENT TO RON ANDREWS RECREATION CENTRE Retail, dining and everyday shopping needs met by nearby amenities BORDERING WINDSOR SECONDARY SCHOOL MARKET OVERVIEW :: Increasing home ownership costs is prompting municipalities to support higher densification across Metro Vancouver, as well as increasing the supply of housing. :: Developers of mixed-use projects within North Vancouver are setting their sights on new emerging areas such as Maplewood as they try to expand outside of the Lonsdale and Marine Drive development nodes. CLOSE PROXIMITY TO GROCERY STORES & SHOPPING DEMOGRAPHICS AREA DEMOGRAPHICS 1 KM 3 KM POPULATION (2013) 5,799 24,510 EST. POPULATION CHANGE (2013-2018) 11.6% 11.7% MEDIAN AGE 42.1 42.2 AVG. HOUSEHOLD INCOME (2013) $127,138 $114,242 PROJECTED HOUSEHOLD INCOME (2018) $154,060 $139,485
RARE REDEVELOPMENT OPPORTUNITY IN A SOUGHT AFTER NORTH VANCOUVER NEIGHBORHOOD PROPERTY PROFILE AND CURRENT IMPROVEMENTS :: Seymour Estates provides a rare opportunity to acquire a large-scale North Shore redevelopment site, occupying a high profile corner location. :: Currently, the property is improved with a townhouse complex which includes 8 separate buildings and consists of 114 townhouse units. The complex is considered a fractured title ownership structure, whereby owners own an undivided fee simple interest in the property. :: The property is governed by the Seymour Estates Owners Agreement which permits governance and management through the elected Council of the Seymour Village Management Inc. PROPERTY SUMMARY MUNICIPAL ADDRESS 904-944 LYTTON STREET, NORTH VANCOUVER, BC PROPERTY ID 009-073-086 SITE AREA 6.25 ACRES (272,250 SQUARE FEET) EXISTING IMPROVEMENTS 114 TOWNHOUSE UNITS CURRENT ZONING RM3 MULTIPLE FAMILY RESIDENTIAL BASE DENSITY 0.75X FSR FUTURE LAND USE RESIDENTIAL LEVEL 5 (LOW DENSITY APARTMENT) PRICE BID PROCESS WITH PRICING GUIDELINES EXAMPLE OF A LOW-RISE CONDO PROJECT REDEVELOPMENT OPPORTUNITY :: Seymour Estates is currently zoned RM3, with an outright base density of 0.75x FSR. A rezoning process can be initiated in order to obtain the density envisioned for the area, as outlined in the Official Community Plan (OCP). :: The District of North Vancouver OCP designates Seymour Estates as Residential Level 5 (Low Density Apartment), which outlines a density of up to 1.75x Floor Space Ratio. :: Under this Land Use designation properties can yield 4-storey multi-family buildings, enabling a redevelopment to fully utilize the density outlined within the OCP. :: Seymour Estates lies within the Maplewood neighborhood, an area where the District encourages redevelopment projects that further revitalize the area into a more vibrant community.
PRIME RESIDENTIAL REDEVELOPMENT SITE FOR SALE SEYMOUR ESTATES 904-944 LYTTON STREET, NORTH VANCOUVER, BC DOWNTOWN VANCOUVER STANLEY PARK 6 5 4 1 WINDSOR SECONDARY SCHOOL 3 2 2 3 RON ANDREWS POOL CANLAN ICE SPORTS SEYMOUR ESTATES 4 5 6 GREAT CANADIAN SUPERSTORE PARK & TILFORD MALL SECOND NARROWS BRIDGE 1 MT. SEYMOUR PARKWAY FOR MORE INFORMATION PLEASE CONTACT: 604 662 5141 604 662 5125 604 662 5154 CBRE Limited 1111 West Georgia Street Suite 600 Vancouver, BC V6E 4M3 www.cbre.ca 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. Mapping Sources: Canadian Mapping Services canadamapping@cbre.com; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.