detailed information package 5550 dieppe st. · chilliwack is located in the lower mainland of the...

VARING MARKETING GROUP — Detailed Information Package — 5550 Dieppe St. - Chilliwack PAGE 1

Detailed Information Package

5550 DIEPPE ST.

9.6 Acres including Building 39 Chilliwack, BC

5550 Dieppe

Joe Varing * | Homelife Glenayre Realty Co. Ltd.

604.557.0575 | [email protected]

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

*Personal Real Estate Corporation

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.

FOR SALE

DIEPPE ST.

VEDDER RD.

VEDDER RD.

KEITH WILSON RD.


ExECuTIVE SummARy

OPPORTuNITy

5550 Dieppe Street is a 9.6 acre development site owned by Canada Lands Company. Dieppe is within the Sardis-Vedder land

use area and is one of the last largest development sites in this area. Within the 1 mile radius around this site lies the best

demographic in Chilliwack with residents showing the highest education and income levels.

POSITIVES IN DETAIL

1. This site is nestled in a central urban location with many surrounding developments and an entire village consisting of retail and

housing. There is an entire community built around this property that is growing annually.

2. ClosetoallamenitiesatVedderCrossingandGarrisonVillageShopping,includingSave-On-Foods,coffeeshops,restaurants,as

well as Cheam Leisure Centre, and Cultus Lake. For more information, please see pg 12.

3. Site is situated adjacent to the Canada Education Park which consists of the Justice Institute of BC, RCMP Training Centre,

Canadian Border Services Agency and the University of the Fraser Valley. For more information, please see pg 11.

4. The site is less than 10 minutes from Highway 1 and less than 20 minutes away from the Sumas Border Crossing, which allows the

ease of transportation. The new Fraser Valley Express transit route connects Chilliwack to Abbotsford and Langley.

5. The lot is fully serviced with water, sewer & storm connections at lot line making the parcel an ideal development site.

6. Thesite’stopographyliescompletelyflatwhichallowsforextremelyeasydevelopmentapplications.

7. This site is one of the last large Chilliwack development opportunities in this area, giving it a competitive edge for large

development applications. The site can consist of mixed developments of townhomes, row homes, apartments, retail, commercial

and mixed-use on one site.


PROPERTy DESCRIPTION

PRICE:

Bidding Process (please refer to pg 15)

GROSS PROPERTy TAxES:

$67,818.86

DuE DILIGENCE DOCumENTS:

1. Engineering Report

2. Subdivision Plan Survey

3. Purchase & Sale Agreement (Canada Lands)

4. Stage 1 & 2 Environmental

5. Correspondence with City of Chilliwack regarding zoning.

All available upon request.

5550 DIEPPE ST.CHILLIWACK, BC PID: 027-391-086

9.6 Acres - Garrison Area

FuTuRE zONING POTENTIAL:

Mixed Use, Commercial/Residential (R4, R5, CD)

- Please see pg 8 for more details.

LOT / PLAN: LT 2 LD 36 SEC 1 TWP

PL BCP34651

LOCATION

ChilliwackislocatedintheLowerMainlandofthePacificCoastofCanadainBritishColumbia.Thecityisabout100kmfrom

downtown Vancouver, bordered by Abbotsford to the west, Agassiz to the north, Popkum to the east and the United States to the

south. The city of Chilliwack measures 23.5km from east to west and 12.5 km from north to south, covering a total territory of

25,900 hectares.

The subject property is located near the corner of Vedder Road and Keith Wilson Road in a busy new retail district. The site is part

of the Promontory Development NCP and situated within the urban growth boundary, a part of the OCP. In the area surrounding

the site, there are two leisure centres, two libraries, multiple parks, shopping, restaurants and Cultus Lake. The Chilliwack Airport

islocated10minutesawaywithflightsfromallaroundBCandsouthoftheborder.Themostsignificantsurroundingsadjacentto

5550 Dieppe are the Canada Education Park and Garrison Crossing.

Garrison Crossing is a new housing development and is the highest valued residential, mixed use project in Chilliwack. Residential

housing prices are 25 to 35% above any other neighbourhood in Chilliwack. It also features its own Garrison Village, a newly

developed retail centre with restaurants, grocery stores, and other shopping opportunities in an easily accessible area.

The Canada Education Park consists of the Justice Institute of BC, RCMP Training Centre, Canadian Border Services Agency and the

University of the Fraser Valley (UFV). All of which employ a large number of people and drive housing developments to this particular

area. UFV enrolls over 15,500 students a year with campuses in Chilliwack, Abbotsford and Mission. The addition of a campus in

IndiaandnewprogramshereinCanadaarecreatinganinfluxofstudentswhoareenrollingatUFV.Toaccommodatemorestudents,

an 85 acre campus was developed in the Canada Education Park to replace the old campus and increase the capacity of full-time

students by 5,000.


TOPOGRAPHy

DImENSIONS

Asseenintheimage,therearenotopographicalconstraintswiththisproperty,thepropertyisflatandeven.

9.6 Acre (418,176 sq ft.) property with an approximate total perimeter of 2,741.7 ft.

DIE

PP

E S

T.

VE

DD

ER

RD

.

KEITH WILSON RD.

DImENSIONS ARE APPROxImATE

26.2

ft

PROPERTy VIEWS

444.5ft

199

.8ft

258.5ft

45

6.7ft

720.5ft

63

5.5

ft


BuILDING 39 - CBSA COLLEGE

FRONT OF BuILDING

BACK OF BuILDING

mAIN ENTRANCE FROm DIEPPE ST.

ENTRANCE FROm BACK OF BuILDING

More building photos available upon request.


BuILDING 39 - CBSA COLLEGE - FLOOR PLANS

CBSA COLLEGE - mAIN FLOOR

CBSA COLLEGE - BASEmENT

NOT TO SCALE IN COmPARISON TO EACH OTHER

Diepp e St.


1

1

2

2

3

3

COmmERCIAL zONE (C-2)

The C-2 commercial zone is intended for retail commercial uses. It consists of the commercial area surrounding the Downtown Commercial Core

and forming the nucleus of other urban areas: Sardis, Vedder Crossing, Yarrow, Rosedale and Greendale. Uses permitted for this zoning are retail

commercial, general commercial, multi-family residential, accessory dwelling unit, auditoriums, banking, barbers, beauty shops, book stores, clothes

cleaningagencies,clothesandwearingapparelshops,neighborhoodmarkets,medicalanddentaloffices/clinics,departmentandfurniturestores,

pharmacies,electricappliancestores,fireandpolicestations,hardwarestores,jewelrystores,laboratories,newsstands,businessandprofessional

offices,photostudios,restaurants,realestateoffices,theatres,wirelesstelecommunicationsfacility,parkinglotsforautomobilesandothersunder

the C2 zoning. Uses permitted subject to a conditional use permit are establishments selling or serving alcoholic beverages, day care facilities,

hospitals, amusement arcades, health facilities, urgent care centers, churches, self serve Laundromats and Supermarkets.

The density for Multi-Family here is 70 dwelling units per hectare (28 dwelling units per acre)

mEDIum DENSITy muLTIFAmILy (R-5)

The R-5 zone consists of land which, owing to the availability of full services, including community water, sanitary sewer and storm sewer, and its location in close

proximity to a neighborhood or community park, is best suited for Medium-Density Multi-Family Residential Development.. Uses permitted for this zoning are duplex

dwelling units, home child care, public facility, public park, residential facility, residential home, single-dwelling units (attached), single-dwelling units (detached). Uses

permitted subject to a conditional use permit are auxiliary dwelling units, bed and breakfast or boarding house, children’s day care, commercial recreation facility,

cultural exhibits and library services, neighborhood store/plaza, multi-dwelling units, private park, public facilities, public safety facilities, religious assembly. The

density for this zoning is 135 dwelling units per hectare (54 dwelling units per acre) for Apartment Multi-Family or 225 dwelling units per hectare (90 dwelling units

per acre) for Congregate Living Housing.

LOW DENSITy muLTIFAmILy (R-4)

The R-4 Zoning consists of land within the area designated as LOW DENSITY RESIDENTIAL in the CITY OFFICIAL COMMUNITY PLAN which, owing to the availability of

full services, including community water, sanitary sewer and storm sewer, and its location immediately adjacent to one and two family residential zone and in close

proximity to an elementary school and public open space, is best suited to scattered Townhouse development. Uses permitted for this zone are one or two family

residential, two family residential, multi-family residential, urban ancillary uses, and accessory home occupation. The density for this zoning is 40 dwelling units per

hectare (16 dwelling units per acre).

Canada Lands Company is in the process of rezoning the property per the plan attached below.

This is intended to be a place holder for the ultimate plans by the Purchaser.

PROPOSED zONING

1

2

3

Source: City of Chilliwack website - Zoning Bylaw 2001

K eith Wilson Rd.

Diep

pe S

t.

Vedder

Rd.


35

3440

P2

46

41

168

= 14,131 CARS

= 11,865 CARS

= 19,580 CARS

= 11,198 CARS = 7,330 CARS

= 16,639 CARS = 25,131 CARS

2 Way - 24 Hour Car Counts

TRAFFIC VOLumE mAP

Source: City of Chilliwack

VARING MARKETING GROUP — Detailed Information Package — 5550 Dieppe St. - Chilliwack

GW GRAHAM MIDDLE SECONDARY

VEDDERELEMENTARY

WATSONELEMENTARY

MOUNT SLESSE MIDDLE SCHOOL

TIM HORTONS

SAVE-ON-FOODS

McDONALDS

CULTUS LAKE

WATSON GLEN PARK + TWIN RINKS

CHEAM CENTER

STARBUCKSPromontory Rd.

Thomas Rd.Ve

dder

Rd.

Promontory Rd.

Keith Wilson Rd.

Ved

der

Rd

.

Die

pp

e S

t.

5550 Dieppe St.

CANADA EDUCATION PARK See pg 11 for detailed map

NEARBy ATTRACTIONS

SuBjECT IS CLOSE TO AmENITIES SuITABLE FOR FAmILIES, STuDENTS, AND THE CONVENIENCE OF THE GARRISON VILLAGE SHOPPING CENTRE mAKES IT EASy FOR OLDER DEmOGRAPHICS


CANADIAN MILITARYENGINEERS MUSEUM

UFV - TRADES & TECHNOLOGY CENTRE

ELDER COLLEGE

UFV CHILLIWACK MAIN CAMPUS

RCMP: CHILLIWACK FACILITIES

JUSTICE INSTITUTE OF BRITISH COLUMBIA

MONTESSORI CHILDGROWTH SOCIETY

CULTUS LAKE

5550 Dieppe St.

Keith W

ilson Rd.

Keith W

ilson Rd.

RCMP:PACIFIC REGIONTRAINING CENTRE

CANADA EDuCATION PARKThe University of the Fraser Valley in Chilliwack has

seen an influx of students in recent years. With the

number of full-time students increasing from 5,000 in

2007 to approximately over 18,000 by 2020.

With the BC Government funding over $30 million

dollars to UFV for their $40 million dollar campus

development project, there has been a ton of interest

from students to relocate to this new urban campus.

There has been an increase of seniors attending the

Elder College, which is a branch of UFV, providing

adults over the age of 50 with access to educational

and learning opportunities. There is dedicated housing

for adults over 50 at the Campus 1 Building.

Regular shuttle services connect the Chilliwack and

Abbotsford campuses. A new public transit called

Fraser Valley Express bus (FVX) will soon allow buses

to be scheduled to run from the Chilliwack campus to

Langley, creating a comprehensive transit service.

With this new transit system network and the current

increase in students forecasted to be over 18,000 by

2020, there will be a great need of developments for

affordable student housing/rentals, elders and many

new young families.

Sources: Abby News, BC Government and City of Chilliwack

NEARBy ATTRACTIONS


RETAIL LOCATED IN GARRISON VILLAGE

AMBIENCE SALON - SAVE-ON-FOODS -CBI HEALTH CENTRE

YOUR DOLLAR STORE WITH MORE - MARU SUSHI - SUBWAY

UNIKA CLOTHING - GARRISON BISTRO - STICKY’S CANDY

WILLOW DENTAL - FLORA BUNDA FLOWER SHOPPE - RUNNERS

FRESH SLICE PIZZA - GARRISON PHARMACY - WAVES COFFEE

URBANENDO - GARRISON WINE & LIQUOUR MERCHANTS

Vedder Rd.

Kei

th W

ilson

Rd.

CHEAM CENTER


Dieppe St.

NEARBy ATTRACTIONS

GARRISON VILLAGE & DEVELOPmENTSThe Garrison Crossing area, which is the boundary

surrounding the subject site, was a former Canadian

Forces Base that started redevelopment of the area

in 2003, with the first sold house in the area ion the

market in 2004. The 153 acres are a master planned

residential neighborhood with significant institutional

and commercial components. Surrounding

developments incorporate “neo-traditional” and

“new urbanism” neighborhood features, such as rear

lane access, pedestrian friendly roads, a pedestrian

pathway system, urban green design, a Legacy Walk to

remember the CFB history, and a mix of single homes,

townhouses and condominiums. This neighbourhood

here will accommodate 1,500 to 2,000 homes

of various types, together with 80,000+ sq ft of

commercial development.

Garrison Village, which neighbours the subject site, is

a pedestrian friendly open mall that houses tenants

such as Save-On-Foods and ten other buildings that

anchor the growth and development in the area. There

has been an addition of five new mixed-use buildings

consisting of retail at the lower level and 128

apartments above.


Thomas Rd.

Vedder Rd.Promontory Rd.


VEDDER ELEMENTARY

SUBJECT PROPERTY

PROPMONTORYSHOPPING

CENTREVEDDER CROSSING PLAZA

NEARBy ATTRACTIONS

VEDDER CROSSING IS A PROmINENT INTERSECTION IN THE AREA AND IS SuRROuNDED By mORE SHOPPING OPPORTuNITIES AND TRAFFIC FROm THE NEIGHBOuRING SCHOOLS.


CHILLIWACK DEmOGRAPHICS

HOuSING COSTS: The average cost of a single-family detached home in Chilliwack is about 60% less than Vancouver and about

30%lessthanAbbotsford.Comparingincometocosts,Chilliwackresidentsenjoysignificantsavingsincost

of living and a richer standard of living.

POPuLATION GROWTH: The estimated population of Greater Chilliwack is 92,308, with an average annual growth rate of about

2.73% (2011). With continued steady growth, the city’s projected population is expected to reach 101,210

in 2021.

REGIONAL POPuLATION: There are 277,593 people living within a 30-minute commute of Chilliwack and about 2.5 million within the

LowerMainlandregion.IncludingtheAmericancommunities,thereareoverfivemillionpeoplelivingwithin

200 km of Chilliwack.

POPuLATION By AGE: The median age in Chilliwack is 41, which is comparable to the British Columbia median age of 40.8. Nearly

58% of people in Chilliwack are under the age of 45, which is similar to the rest of BC. However, because of

the low cost of living and proximity to Vancouver, the City of Chilliwack has a slightly higher population of

seniors aged 65 and over at 16.7%, compared to the rest of BC at 14.5%. Chilliwack also has a slightly higher

percentage of children up to 19 years at a rate of 27.1% compared to 23.2% in BC.

WORKFORCE POPuLATION: Chilliwack’s current labor force is estimated at about 44,725 people, representing a participation rate of

61.2% (based on the population of 15 and over). Chilliwack also has one of the region’s highest numbers of

local employment, with about 72% of the population working within the community. The average commute

is around 6 km.

Sources: City of Chilliwack, Greater Vancouver & Fraser Valley Real Estate Board, 2010 Census data from Stats Canada


OFFERS ARE TO BE SuBmITTED THROuGH A BID PROCESS:

❶ BIDDING

- The Bid deadline for this listing is April 21st 2016, by 12 noon (PST).*

- PleasesendyouroffertoKen Dueck of CLC

Email address: [email protected]

or submit a hard copy in a sealed envelope.

Deliver to: 24 Normandy Dr

Chilliwack, BC V2R 5X3

Attention: Ken Dueck

Offerfor5550DieppeSt,Chilliwack

*The Vendor has a preferred Contract of Purchase & Sale.

Please request this via email if you are writing an offer.

PSA should be revised and sent out by April 15th 2016

❷ BID REVIEW PROCESS

- The length of time to review bids may vary, depending on the number of bids

and the complexity of terms. The Vendor is under no obligation to accept

anyoftheoffersanditwillbeatVendor’sdiscretionwhethertoaccept,

counterordeclinetheoffers.

- AllpartieswillbenotifiedoncetheVendorhasmadeadecision.

OFFER SuBmISSION

detailed information package 5550 dieppe st. · chilliwack is located in the lower mainland of the...

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