FOR SALE

FOR MORE INFORMATION PLEASE CONTACT:

Ross Marshall*Associate Vice President250 386 0004 ross.marshall@cbre.com*Personal Real Estate Corporation

Chris RustAssociate Vice President250 386 0005 chris.rust@cbre.com

INVESTMENT HIGHLIGHTS:

THE OFFERING:CBRE Limited is pleased to present this opportunity to purchase a 3-storey mixed-use building featuring 14 residential suites over ground floor commercial space located in Quadra Village.

MIXED-USE INVESTMENT OPPORTUNITY IN QUADRA VILLAGE

Fully leased building.Individually metered suites.Tenants pay for their own heat.Recently improved suites and exterior.Fully renovated commercial space with 5 year lease in place.

On-site parking for residential and commercial tenants.Close proximity to downtown Victoria and many transit routes.Steps from a variety of amenities such as Fairway Market, Peoples

Drug Mart, Cascadia Liquor Store, restaurants and more.

1015 KINGS ROAD | VICTORIA, BRITISH COLUMBIA

KINGS COURT APARTMENTS

Ross Marshall*Associate Vice President 250 386 0004 ross.marshall@cbre.com*Personal Real Estate Corporation

Fairway Market Cascadia Liquor Store/Peoples Drug MartMac’sPalagio Pizzeria/Poutine 665th Street Bar & Woodfire GrillMoney MartCafe FantasticoVancouver Island School of ArtCDI CollegeQuadra Village Community CentreBoston PizzaTim Hortons

EXECUTIVE SUMMARY:MUNICIPAL ADDRESS: 1015 Kings Road, Saanich BC, V8T 1W8

LEGAL DESCRIPTION: Lot A, Section 4, Victoria District, Plan VIP30710

PROPERTY ID: 001-223-356

YEAR BUILT: 1977

NUMBER OF FLOORS: 3

NUMBER OF UNITS: 14 residential + 1 commercial (consolidated from 3 units)

SITE AREA: Approx. 12,943 sq. ft.

BUILDING AREA: Approx. 13,707 sq. ft.

CONSTRUCTION: Concrete foundation; wood fram walls

ROOF: Torch-on (12 years old)

ELECTRICAL: 600 amp to the building.

HEATING: Electric baseboard in residential suites and roof mounted HVAC in commercial area.

ADDITIONAL SPACE: Main floor storage room (with laundry hook-ups), electrical room and janitor closet.

PARKING: 19 stalls

ASSESSED VALUE: $1,967,000 (2015)

PROPERTY TAXES: $22,280 (2014)

ZONING: C1-QV (Quadra Village District)FINANCING: Treat as clear title

NOI $130,432

PRICE: $2,900,000

1015 KINGS ROAD | SAANICH, BRITISH COLUMBIA

Entrance to Commercial Unit

Entrance to Residential Units

King Street Frontage Parking

Commercial Unit Retail Area

The building’s second and third floors consist of 14 purpose built apartment suites with 4 bachelors and 10 one bedroom suites. The units have been recently updated and contain living/dining areas, gallery style kitchens, and 4-piece bathrooms. Long term tenants. Electric baseboard heat. Tenants pay for heat and hydro.

Currently, there is a single commercial unit on the ground floor that has been consolidated from three original units. The single unit is currently leased to a single occupant, National Access Cannabis. 5 year lease commencing December 1, 2014. New renovations include an open retail/reception area, a laboratory area, a kitchen/training area, a walk-in cooler, several offices and 4 two piece washrooms. Individually metered for hydro. Serviced with HVAC. Upgraded exterior facade and glazing.

RESIDENTIAL SUITES:

COMMERCIAL SUITES:

RESIDENTIAL UNIT BREAKDOWN

Type Number of Units Average Rent

Bachelor 4 $612.50

One Bedroom 10 $807.00

LEASE AGREEMENT FOR 1015 KINGS ROAD

Tenant National Access Cannabis

Lease Term To Novemeber 30, 2019

Renewal Option (2) options of 5 years each

Occupancy100%*

TENANT PROFILE:National Access Cannabis helps Canadians navigate the complex medical marijuana system by safely educating, screening and identifying legal medical marijuana patients. Through their secure non-transferable medical marijuana access card system and pharmaceutical consultation software, the business creates alternative treatment care centres in every region in Canada. National Access Cannabis does not supply marijuana or related products.

FOR SALE | KINGS COuRt APARtmENtS

*Tenant is responsible for all operating costs with the exeption of property taxes.

Commercial Unit Retail Area

Commercial Unit Kitchen

Commercial Unit Reception

FOR MORE INFORMATION PLEASE CONTACT: Ross Marshall*Associate Vice President 250 386 0004 ross.marshall@cbre.com*Personal Real Estate Corporation

Chris RustAssociate Vice President 250 386 0005 chris.rust@cbre.com

CBRE Limited | 1026 Fort Street | Victoria, BC | Tel: 250 386 0000 | www.cbrevictoria.comThis 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.

THE LOCATION:The subject property is situated at Quadra Street and Kings Road in the Hillside area of Victoria. Located directly in the Quadra Village, 1015 Kings Road is surrounded by restaurants, grocery stores, coffee shops, banks, retail outlets, residential neighbourhoods, parks, schools and more. The location also benefits from having easy access to major traffic routes leading to downtown, the Trans-Canada Highway (#1) and the Patricia Bay Highway (#17).

Quad

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Hillside Ave

Bay St

King St

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Patri

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SUBJECT

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Fairway Market Cascadia Liquor Store/Peoples Drug MartMac’sPalagio Pizzeria/Poutine 665th Street Bar & Woodfire GrillMoney MartCafe FantasticoVancouver Island School of ArtCDI CollegeQuadra Village Community CentreBoston PizzaTim Hortons

The intersection of Quadra Street and Kings Road has an average annual traffic count of 18,000 vehicles per day.

With a transit score of 69 out of 100, there are many nearby public transportation routes for pedestrians including routes for bus numbers 4, 6, and 10.

Based on the walking distance to nearby amenities and pedestrian friendliness, the subject property has a walk score of 91 out of 100. This location is very walkable and daily errands do not require a car.

NEIGHBOURING TENANTS:

P R I C E : $ 2 , 9 0 0 , 0 0 0

FOR SALE 1015 KINGS ROAD | SAANICH, BRITISH COLUMBIA

To UVic and Camosun College

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Nearby Drug Mart and Liquor Store