FOR SALE | 623 VICTORIA STREET, KAMLOOPS | BC Rare ...€¦ · Kamloops is the third largest city in BC outside of Vancouver, serving a population of almost 98,000 people. The community

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Colliers International315 -546 St Paul Street Kamloops, BC | V2C 5T1

+ 250 372 2277+1 250 372 2239

• Strata Corporation is professionally managed

• Excellent long-term investment with steady cash flow

• Onsite parking for tenants - heated and secured

• Concrete high-rise building with mixed use - Residential condominiums with commercial office space below

• Fully improved premises in all tenant areas

• Great mix of professional long-term tenants in place

• Located in the vibrant downtown area of Kamloops with countless amenities nearby

• Unique investment opportunity to purchase a collection of 9 stratified commercial lots

Exceptional opportunity to acquire +/- 15,620 square feet (9 commercial strata lots) located in a landmark building in the core of downtown Kamloops. This property offers Class A professional office space in the Central Business District of downtown.

FOR SALE | 623 VICTORIA STREET, KAMLOOPS | BC

Rare Investment Opportunity in Kamloops BC

collierscanada.com/25637

MONA MURRAY (Dip. ULE, RI (BC), CPM)

Personal Real Estate CorporationAssociate Vice President TEL: 250 319 [email protected]

Salient InformationCivic Address: 619 & 623 Victoria Street, Kamloops BC

Legal Address:

Strata Lots 3 - 10 and 11, District Lot 232 Kamloops Division Yale District, Strata Plan KAS 2177Together with an interest in the common property in proportion to the unit entitlement of the strata lot as shown on form 1

PID(s): 024-648-019, 024-648-027, 024-648-035, 024-648-043, 024-648-051, 024-648-060, 024-648-078, 024-648-086

Location: Located in the Central Business District of downtown Kamloops

Improvements: Class A professional office, fully improved premises in all tenant areas

Building Size (Approx): 15,620 square feet for 9 strata lots

Zoning: CBD - Central Business District

Interior Design: Modern finishes and contemporary designs

Patio Space: Third floor offices offer outdoor patios

Property Management: Professionally managed

Parkade: 21 parking stalls, heated and secured, 20 leased stalls

List Price: $2,990,000.00


Strata Plan KAS2177


Status: Filed Plan #: KAS2177 App #: N/A Ctrl #: (Altered) RCVD: 1999-09-30 RQST: 2018-08-16 08.52.03

Page 10 of 23

Status: Filed Plan #: KAS2177 App #: N/A Ctrl #: (Altered) RCVD: 1999-09-30 RQST: 2018-08-16 08.52.03

Page 6 of 23

Status: FiledPlan #: KAS2177 App #: N

/A Ctrl #: (Altered)

RC

VD: 1999-09-30 R

QST: 2018-08-16 08.52.03

Page 9 of 23

P

Parkade Parking

+/-15,620 SF ZoningCBD - CommercialBusiness District

Walk Score: 79“Very Walkable”

Public Transit Within walking

distance

Connectivity to major routes

Rare investment opportunity to acquire 9 strata titles in Class A commercial office space downtown Kamloops.

Located along the main commercial strip of Kamloops on Victoria Street. The property is located in the Commercial Business District centrally in the heart of downtown Kamloops. The area is abundant with amenities with a host of restaurants, coffee shops, banks, shopping and professional services nearby.

THE AREA

LANDSDOWNE STREET

KamloopsDaily News

Academy of Learning College

LANDSDOWNE EXCHANGE BAY


VICTORIA STREET

LANDSDOWNE VILLAGE

6TH

AVE

NU

E

Telus

Car Wash

KAMLOOPS A GREATPLACE TO BE

Kamloops is a visually stunning community that offers a relaxed lifestyle with a warm climate and over 2,000 hours of sunshine annually. Kamloops is the third largest city in BC outside of Vancouver, serving a population of almost 98,000 people. The community is located in the central region of British Columbia where the North and South Thompson rivers meet. The area offers a unique mix of desert plateaus, lush river valleys, pine forests, lakes and snow-capped mountains that provide unlimited opportunities for outdoor recreational pursuits. The city is located at the junction of the Trans Canada Highway 1 and Highway 5 and connects to major cities including Vancouver, Kelowna and Calgary.

1km radius 3km radius 5km radiusTOTAL AVERAGE POPULATION2018 Estimate 4,538 22,373 47,459AVERAGE HOUSEHOLD INCOME2018 Estimate $64,365 $73,202 $80,092TOTAL DAYTIME POPULATION2018 Estimate 13,043 30,336 49,208

DEMOGRAPHICS

LIFESTYLE IN DEMAND


BYLAW NO. 5-1-2001 35-1

August 7, 2018

DIVISION THIRTY-FIVE - CBD (CENTRAL BUSINESS DISTRICT) The purpose of the CBD zone is to encourage intensive retail, office, residential and

cultural facilities as identified in the City Centre Plan. PERMITTED USES 3501 The following uses and no others except as provided in Section 3502 are permitted in

the CBD zone: - Assembly hall - Church - Community care facility - Convention, cultural and civic centre - Education/training facility - Entertainment facility (5-1-2594) - Financial institution - major (5-1-2594) - Financial institution - minor (5-1-2723) - Food truck or trailer - Funeral home - Government office (5-1-2847) - High-Tech - Hotel - Laundry and dry cleaning (5-1-2257) - Mobile food concession - Multiple family dwelling units - subject to Section 3505 - Neighbourhood pub, nightclub/cabaret subject to Liquor Licence approval - Office - Off-street parking facility - Personal service - Printing service - Radio and television broadcasting station - Recreation facility (indoor) - Restaurant (5-1-2878) - Retail Cannabis Sales (5-1-2663) (5-1-2764)

- Retail liquor sales (subject to Division Three, Section 311B)

- Retail trade - Senior citizens housing - Transportation depot - Veterinary clinic, excluding outdoor kennels - Video outlet PERMITTED USES - SITE SPECIFIC 3502 In the CBD zone, the following uses are permitted on a site specific basis only: (5-1-2115) - Automobile service in the case of Lot A, D.L. 232, Plan 42371, K.D.Y.D.

(137 Victoria Street West). (5-1-2322) - Carwash and oil change facility in the case of that portion of Lot 3, Plan 24625,

lying east of 6th Avenue and 140 m west of the east property line and 50 m south of the north property line (450 Lansdowne Street).


FOR SALE | 675 MAIN STREET, PENTICTON | BC

BYLAW NO. 5-1-2001 35-2

August 7, 2018

(5-1-2509) - Off-track betting (teletheatre) as an accessory permitted use in the case of Parcel

A (KE15441), Blk. 31, D.L. 232, K.D.Y.D., Plan 193 (355 Lansdowne Street). (5-1-2033) - Women's emergency shelter in the case of Lot 9, Block 39, Plan 120, K.D.Y.D.

(467 St. Paul Street). REGULATIONS 3503 In the CBD zone, no building or structure shall be constructed, located, altered, and no

plan of subdivision approved which contravenes the regulations set out in the following table in which Column 1 sets out the matters to be regulated and Column 2 sets out the regulations.

Column 1 Column 2 (5-1-2852) Minimum lot area 246 m² Minimum lot width 7.5 m Maximum lot coverage 95% (at ground floor) Minimum front yard setback 0.0 m - Except corner lots 4.5 m (corner cut) Minimum side yard setback 0.0 m - Except lots adjoining a residential

zone with no intervening lane or street

- One storey buildings 3 m - Greater than one storey 7.5 m - Except lots not served by a rear lane

shall provide one side yard unobstructed and open to the sky

3 m

Minimum rear yard setback 0.0 m - Except where a vehicular or

pedestrian door exits directly onto a lane or where rear loading access is provided without a loading stall

1.5 m

Floor area ratio Subject to Section 3504 Maximum structure height 4 m (above roof of principal building) FLOOR AREA RATIO (5-1-2309) 3504 In the CBD zone, the maximum floor area ratio shall be 4.0, except as hereinafter set

forth where it may be increased up to a maximum of 8.0: 1. In order to reflect the purpose of the CBD zone to encourage intensive

development in the downtown, the floor area ratio may be increased for each desired characteristic or amenity provided as follows:

INCREASE FLOOR

AREA RATIO BY: CHARACTERISTIC OR AMENITY 2 Hotels in excess of sixty (60) sleeping or housekeeping units. 1 Retail stores having a total gross leasable area of 1,858 m² or

more.

BYLAW NO. 5-1-2001 35-3

August 7, 2018

INCREASE FLOOR

AREA RATIO BY: CHARACTERISTIC OR AMENITY

1

Residential accommodation above the ground floor exceeding twenty five per cent (25%) of the gross building floor area (above grade). For developments falling within the Downtown Off Street Parking Specified Area (as designated by Bylaw No. 14 43 and all amendments thereto), increased floor area ratio will be assigned if below grade parking or parkade type facilities are provided:

1

• in excess of fifty per cent (50%) of the number of off street parking spaces required by Division Fifty-Two of this bylaw.

0.5

• in excess of twenty-five per cent (25%) of the number of off street parking spaces required by Division Fifty-Two of this bylaw.

1 Public recreational amenities including swimming pools, tennis courts, or racquetball/squash courts.

1

For buildings greater than three storeys in height, a minimum 3 m setback for all storeys above the third storey to create a podium.

1

Five per cent (5%) of the dwelling units are "low income or social housing" subject to the registration of a Housing Agreement with the City of Kamloops.

0.5

Five per cent (5%) of the dwelling units are "adaptable" units subject to the registration of a Housing Agreement with the City of Kamloops.

0.5 Provision of public art.

0.5

Provision of awnings or canopies at the street level projecting over the sidewalk a minimum of 1.5 m and extending along a minimum of seventy-five per cent (75%) of the building's frontage to provide weather protection for pedestrians.

0.5

For each five per cent (5%) of ground floor area utilized for public and/or private open space, courtyards, or plazas in excess of the standard five per cent (5%) requirement. Such open space, etc., shall be directly accessible from the street and shall not include corridors or walkways.

0.5

Exclusive utilization of ground floor space fronting onto a street or avenue for retail outlets or uses generating sizeable amounts of pedestrian traffic. Uses such as hotels, restaurants and other hospitality, recreation, and entertainment industry facilities are considered to be pedestrian activity oriented.

2. For the purpose of increasing floor area ratio, each characteristic or amenity is to

be counted only once.


FOR SALE | 675 MAIN STREET, PENTICTON | BC

BYLAW NO. 5-1-2001 35-4

August 7, 2018

3. Notwithstanding the above, increased floor area ratio shall be accumulated only if

the ground floor use fronting the following streets is retail or pedestrian activity oriented:

a) on Lansdowne, Seymour and Victoria Streets between 1st and 6th Avenues; and

b) on 2nd, 3rd, 4th and 5th Avenues between Lansdowne and Seymour Streets.

Uses such as financial institutions, hotels, restaurants and other hospitality,

recreation and entertainment industry facilities are considered to be pedestrian activity oriented.

4. Notwithstanding the above, within that area of the Central Business District

bounded by Lorne Street, 1st and 3rd Avenues, and the CPR railway tracks, increased floor area ratio shall be accumulated only if the ground floor use fronting the street is restricted to pedestrian-oriented specialty retail stores, restaurants and recreation (indoor), entertainment and hospitality facilities.

DWELLING UNITS/SPECIAL CONDITIONS (5-1-2228) 3505 In the CBD (Central Business District) zone, the regulations for multiple family dwelling

units are as follows: (5-1-2251) Where a building fronts Lansdowne, Seymour or Victoria Streets, between 1st and 6th

Avenues, or where a building fronts 1st, 2nd, 3rd, 4th, 5th, or 6th Avenues, between Lansdowne and Seymour Streets:

(5-1-2596) i) dwelling units shall be located above or below the main floor; ii) dwelling units, of one or more units, shall be permitted; and iii) the main floor shall be designated for commercial uses or a combination of

commercial and ancillary residential amenities. OUTDOOR STORAGE 3506 In the CBD zone, outdoor storage shall not be permitted. OFF-STREET PARKING 3507 In the CBD zone, off-street parking shall comply with Division Fifty-Two except that it

shall not be permitted in the designated front yard. LANDSCAPING, SCREENING AND FENCING 3508 In the CBD zone, landscaping, screening and fencing shall comply with Division

Fifty-Three. UTILITY SERVICES 3509 In the CBD zone, utility services shall be located underground.

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This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Col-liers International and /or its licensor(s). © 2018. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc.

MONA MURRAY (Dip. ULE, RI (BC), CPM)

Personal Real Estate CorporationAssociate Vice President TEL: 250 319 [email protected]

Documents

FOR SALE | 623 VICTORIA STREET, KAMLOOPS | BC Rare ...€¦ · Kamloops is the third largest city in BC outside of Vancouver, serving a population of almost 98,000 people. The community