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W O O D L A N D P A R K T O W N H O M E S B R I T I S H C O L U M B I A , C A N A D A
WO O D L A N D P A R K
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B R I T I S H C O L U M B I A , C A N A D A
Angela Drive
Glenayre Drive
Ceci
le D
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Cecile Place
Clarke Road
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*Lot sizes are approximate and the site plan although accurate is not perfectly to scale. It was produced for marketing purposes only and is subject to verification.
Woodland Park Represents Approximately 30% of Port Moody’s Purpose-Built Rental Housing Inventory. The Site Encompasses 200 Rental Townhome Units on Over 23 Acres of Residential Zoned Land across Three Separate Contiguous Lots, Well Positioned for Future Redevelopment and Further Densification of the Lands
LOT 1
LOT 3
LOT 2
Building
Parking
Leasing Office
Grass
Trees
Road
Path
Site Boundary
INVESTMENT HIGHLIGHTS
Unprecedented Scale in Rapidly Growing Community The Property is improved with 200 rental townhome units which represents approximately 30% of Port Moody’s purpose-built rental housing inventory. Port Moody is one of the fastest growing suburbs in Metro Vancouver due to its transit-oriented location and beautiful seaside location. The Tri-City area has experienced a surge of investment in infrastructure and development in recent years, with over $2.8 billion of building permits issued over the past five years. This momentum is anticipated to continue with over 5,400 residential units currently in the development pipeline and a number of infrastructure projects underway.
Professionally Managed Asset with Strong Holding Income The Property is professionally managed by Midwest Property Management which attracts and rents to a high-caliber of tenant and boasts a vacancy rate consistently below 1.00%. Consistent repair, replacement and renovation has resulted in no major capital expenditure needed in the near-term. The Property provides investors with an attractive NOI of approximately $2.94 million.
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Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to exclusively offer for sale a 100% freehold interest in Woodland Park Townhomes, 1030 Cecile Drive, Port Moody, B.C., (the “Property” or the “Offering”).
This exclusive Offering represents a once in a generation opportunity to acquire over 23 acres of residential zoned land in one of Metro Vancouver’s fastest growing suburbs. The Property includes 200 rental townhome units which are professionally managed to a best-in-class standard, with over $1.6 million invested since 2015. The Property encompasses 19 separate residential buildings situated across three contiguous parcels, providing an exceptional opportunity for future densification and redevelopment of the lands.
The opportunity provides an attractive holding income, with a net operating income (NOI) of approximately $2.94M.
Future Redevelopment and Value-Add Potential Woodland Park is situated on over 23 acres of residential zoned land across three contiguous parcels, providing investors with the opportunity to significantly densify the lands with a multi-phased, multi-form, medium-density redevelopment that will greatly benefit the community and its housing objectives. Development possibilities include ground oriented duplexes, townhomes, stacked townhomes and apartment structures; building heights will generally range from 3 to 6 storeys.
Desirable & Strategic LocationWoodland Park is nestled in the mature neighborhood of College Park. It is an attractive location for a diverse demographic and is a short distance from the Simon Fraser University campus, an abundance of retail amenities, K-12 schools and public transit.
Port Moody Station24 mins to Downtown Vancouver
West Coast ExpressRocky Point Park
Potential Future StationWest Port Moody Station
Evergreen Extension
Millennium Skytrain
A once in a generation opportunity to acquire one of Metro Vancouver’s largest multifamily investments, with underlying redevelopment potential across 23 acres of land and attractive holding income in place
Salient Details
748 sf689 sf
292 sf
292 sf
1,122 sf1,122 sf
292 sf1,302 sf
Over $1.6M Invested in Capital Upgrades since 2015
LOT 1LOT 3
LOT 2
Civic Address 1030 Cecile Drive, Port Moody
Legal Address PL NWP26648 LT 101 DL 377 LD 36. GROUP 1, LOT 102, PLAN NWP26648, DISTRICT LOT 377, GROUP 1, NEW WESTMINSTER LAND DISTRICT, EXCEPT: PCL “A” (EXPLANATORY PL NWP32506), LOT 100, PLAN NWP26648, DISTRICT LOT 377, GROUP 1, NEW WESTMINSTER LAND DISTRICT.
PID 000-446-165001-153-986 & 000-446-157
Zoning RM-3
OCP Designation Multifamily Residential
Site Size* Total - 23.4 acresLot 1 - 7.4 acresLot 2 - 2.5 acresLot 3 - 13.5 acres
Number of Buildings 19
Units 62 - 2 Bedroom138 - 3 Bedroom200 Rental Units
Stabilized NOI $2,941,657
Property Taxes (2017) $201,265.10
Financing Available Clear Title
Offer Process Please Contact Advisors
*Sizes are approximate and are subject to verification
© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. Information set out herein (the “Information”) has not been verified by Jones Lang LaSalle Real Estate Services, Inc., Brokerage and any and all of its real estate agents/staff, and to all other divisions of the company (collectively “JLL”). JLL does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. Given the limitations of the investigations, inquiries and verification that JLL have undertaken, the reliability of this Information must be treated with a suitable degree of caution and neither JLL or any of their affiliates accept any liability or responsibility for the accuracy or completeness of the information contained herein and no reliance should be placed on the in-formation contained in this document. JLL 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 JLL.
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Langley
Port Coquitlam
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North Vancouver
Port Moody
District of North Vancouver
Vancouver
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New Westminster
Richmond Surrey
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David Venance*Vice President+1 604 910 [email protected]
Jon Ramscar* MRICSExecutive Vice President+1 604 998 [email protected]
Kevin DouglasSales Associate+1 604 998 [email protected]
Patrick McEvay*Vice President+1 604 789 [email protected]
James Blair*Vice President+1 604 790 [email protected]
*Personal Real Estate Corporation
Jones Lang LaSalle Real Estate Services, Inc.355 Burrard Street, 14th FloorVancouver, British Columbia, V6C 2G6
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