Prudential Sussex Realty & Sea to Sky Premier Properties Present:

The Parkhurst Estate www.parkhurstinwhistler.com

IMAGINE Imagine owning the largest estate property in all of Whistler: North America’s #1 Resort

destination and host of the 2010 Olympics & Paralympics Winter Games.

This last remaining undeveloped large track of waterfront land within the Resort

Municipality of Whistler encompasses three legal lots totalling close to 200 acres

surrounding Green Lake.

This private exclusive estate features panoramic views of Green Lake with dramatic views

of the Whistler Mountains as the backdrop.

Gently sloping with nearly one kilometre of waterfront along the shores of the Green Lake,

this mega estate property offers tranquility, privacy and exclusivity in one of world’s most

sought out resort communities it simply is the perfect place to build your own unique,

super-luxury estate home.

Let your dreams come true, complete with guest buildings, boat launch and private

helipad a truly unique estate with gated bridge crossing over the Green River to be

admired by those who seek complete privacy and appreciate what Whistler has to offer

year round.

CREATE The Hulbert Group International Inc. Architects and Planners have been

exploring a comprehensive development proposal for construction and

development of a world class off grid, carbon neutral and self sustained

mixed use community while continuing to strengthen the development

of the subject property as exclusive estates like properties.

However, it is important to note that such comprehensive development

proposal for this site must be carefully planned, meticulously timed and

well orchestrated. Premature exploration of such comprehensive rezoning proposal prior to consultation

with the Resort Municipality of Whistler and the community would be damaging to the long term

prospect of this site.

Current Development Potential

Based upon the current zoning, the subject property

can be developed as 3 single family estate homes.

Additionally, based upon information provided in two

appraisals of the subject property and current real

estate conditions such development appears to be

economically and socially feasible and profitable at the

present time. Comparable sales of luxury estate homes

which were sold to date were utilized in the above mentioned appraisal to establish a range of price per

square foot for estate home properties in the area.

This analysis indicated a range of $2,000 to $3,200 per square foot for such homes which are constructed

on much smaller size lots ranging from ¼ of an acre to 4.5 acre parcels. Based upon the above analysis, it

is estimated that newly constructed estate homes on these three parcels would sell in the range of

$15,000,000 to $24,000,000.

However, considering the sizes of these parcels after factoring minimum size of lot required for

construction of such homes, market value associated with the minimum size of land required for

construction of similar homes, the topography, water frontage, views, privacy and exclusive nature of

these parcels, it is assumed that additional acreages could potentially produce an additional $20,000,000

to $30,000,000 creating a price range of between $20,000,000 to $35,000,000 each for newly constructed

estate homes on these parcels.

Additionally, based upon preliminary discussion

and the advice of current consultant on this

project, it is being proposed that consolidation

of the three lots into one legal parcel forming

one large estate property is very likely to be

positively received by the Resort Municipality of

Whistler.

However, such proposed amalgamation has not

yet been applied for nor can be guaranteed.

In the likely event of the approval of such amalgamation by the Resort Municipality of Whistler, than it

expected that a much larger estate home could be constructed on this property. If this type of estate were

to be created it would be unique in Whistler, and would have few peers worldwide. Only the creator of

such an estate could determine the value of it.

Future Development Potential

Given that the subject property is the last remaining large waterfront track of land

within the boundaries of the Resort Municipality of Whistler, fast approaching

2010 Winter Olympic Games and world attraction to Whistler as a tourist

destination, it is the opinion of this group that a much larger scale comprehensive

development can be proposed for the subject site, provided that such proposal for

rezoning of the subject site is appropriately timed and the proposed development

is consistent with the longer range future expansion plans of the Whistler Village

community.

Based upon preliminary due diligence conducted by current ownership and their management team and

through extensive work of their planning consultants we are exploring the potential of redeveloping the

subject site as a world class environmentally leading green and carbon neutral community comprising of

a luxury low light boutique style hilltop hotel, specialty internationally recognized private educational

facility catering to art, culture and sciences, a medium density live and work environment combined with

specialty retail and entertainment facilities to service the proposed settlement, a private specialty

elective surgery and longevity treatment centre, medium care retirement care facility, hillside luxury

town homes overlooking the Green Lake and a closed gated estate home community with full concierge

service, complete with pleasure boat marina.. The close proximity of the Whistler heliport, ability of

water landing by float planes on the Green Lake, Rail service through the property and the proposed

landing strip at the Pemberton Airport for private jets which is well underway and the seclusion of the

subject property from the main Village of Whistler all

signal to the viability of the subject site for such

proposed development described above.

However, to what extent such proposed

comprehensive development will be received by the

Resort Municipality of Whistler would be directly be

connected to the timing of such application and

positive validation from local community, First Nation

community, the international interest, pre and post

2010 Olympics, as well as willingness to contribute to the social needs of the Whistler community and

Municipal infrastructure.

These factors would include certain upgrading and expansion of municipal services or contribution

thereto which is currently in need of expansion and may also be necessitated as a result of such

comprehensive development proposal and providing for low cost housing for employees in making such

rezoning application to the Resort Municipality of Whistler.

In conclusion, this site can very profitably be developed into three exclusive gated estate homes in the

short term (24 to 48 months). However, the more comprehensive proposal is not unrealistic given the

2010 Olympic venue and what would follow in the years after. Provincial Government’s involvement with

the First Nations and allocated bed units to them, although, we all are very familiar with the attitude of

the Resort Municipality of Whistler towards development, but we must also remember what these types

of international events will do to a community and their attitudes. Before Expo 86 thoughts of high rise

buildings along waterfront in Vancouver east of Burrard Bridge was not acceptable and the focus was on

preserving industrial land along the water’s edge, now it is a fact.

Location

The subject property is located on the east shores of Green

Lake, traversed by Highway 99 and the Green River, in the

Emerald Estate area of Whistler, British Columbia. It comprises

3 legal parcels and combined is the last large parcel of land

with development potential within the jurisdiction of the

Resort Municipality of Whistler. The subject site is irregular in

shape with extensive water frontage along the Green Lake and

Green River with a gross area of approximately 200 acres. Access is provided to the subject property by

way of sea to sky Highway (Highway 99), as well as the Whistler Airport.

Site Description

The subject site is comprised of District lots 3363 and 3674, located approximately 8 kilometers north of

Whistler Village, B.C., on the northeast shores of Green Lake. The lots have been subdivided into 3 parcels

of land.

District Lot 3363 is located at the northern tip of Green Lake. The lot is bisected by Highway 99, the

Green River and CN rail Line. The area of the land between Green River and the CN Rail line was

historically used by the Soo Valley Lumber Company.

District Lot 3674 is located south of Lot 3363. The CN Rail Line follows the western boundary of the lot,

along the shores of Green Lake. A historical town site called

Parkhurst is located within Lot 3674 on the shores of Green Lake and the remainder of the site is

undeveloped. A stream operated sawmill was historically located on the point of land between Green

Lake and the CN Rail Line. The historic town site of Parkhurst is located on the upland section to the east

of CN Rail Line.

Topography

The site slopes downward from east to west towards Green Lake. Topographical features are conducive

to the development patterns of the area.

View Characteristics

Fabulous mountain and water views are evident from various points on the site.

Legal Description

- PID: 015-051-706, District Lot 3363, Group 1, New Westminster District, Except: Firstly, Part in

Reference Plan 1022, Secondly Part in Explanatory Plan 12042, Thirdly, part of Highway Plan 94;

- PID: 015-051-773, Block A (Reference Plan 1752) District Lot 3674, Group 1, New Westminster

District; and

- PID: 015-051-811, District Lot 3674, Group 1, New Westminster District, Except Portions in

Reference Plans 1752 and 2136.

Surrounding Developments & Servicing

The site is not yet serviced. The surrounding area is generally pristine grounds save for some large lots,

single family residential development on the west of Green Lake and single family residential

development and golf course on the south end of Green Lake.

Environmental Conditions

A recent environmental study conducted by Cascade Environmental Resource Group Ltd in July of 2007

confirmed the earlier finding from the preliminary phase 1 environmental study from August of 2005 as

to no evidence of contamination or hazardous material on the subject property.

Ancillary Value Proposition

Lumber & Logging Licenses - A sawmill operated on this property for nearly a half century. It would be

prudent to commission a feasibility study to the timber value on the property during a due diligence

period.

Appraisal

There are signed, bankable appraisals from Grover, Elliott & Co Real Estate Appraisers in Vancouver, BC

that support the asking price, and the development potential. Established in 1969 Grover, Elliott & Co is

one of Vancouver’s most reputable appraisal firms.

www.groverelliott.com

Conceptual & Architecture

All conceptual work for current and future development potential has been completed by The Hulbert

Group International Architecture & Planning Inc. Established in 1974 the Hulbert Group is one of

Vancouver’s most reputable architecture firms.

www.thehulbertgroup.com

Brokerage

Sea to Sky Premier Properties an Exclusive affiliate of Christies Great Estates has been operating since

1978 and is the premier brokerage for real estate in Whistler. Christies Great Estates is a wholly owned

subsidiary of Christie’s, the world’s oldest fine art auction house founded in the year 1766, by James

Christie.

www.seatoskypremierproperties.com | www.christiesgreatestates.com

Prudential Sussex Realty has established itself as the premier brokerage of high end properties in

Vancouver since 1975 and is a franchise of Prudential Financial. Prudential is one of the most globally

recognized and trusted names in investment and has been operating in North America for over 135 years

and as of June 30, 2009 has over $580 billion dollars in assets under management.

www.prudential.com | NYSE: PRU

Expertise you can trust; built on knowledge, history, and time tested relationships. Please accept our

invitation for a private consultation about the Parkhurst Property and investment in Vancouver/Whistler

post 2010 Olympics.

Official Broker Representatives

In Vancouver:

Prudential Sussex Realty 2397 Marine Drive West Vancouver, British Columbia V7V 1K9 | Canada Bus: 1.604.925.2911 Fax: 1.604.925.3002 Dir: 1.604.780.3897 Contact: Mr. Matthew Moradian

In Whistler:

Sea to Sky Premier Properties 4333 Skiers Approach Whistler, British Columbia V0N 1B4 | Canada Bus: 1.604.932.4117 Fax: 1.604.932.4120 Dir: 1.604.932.7651 Contact: Mrs. Ann Chiasson

If you are a real estate broker locally or from out of town, please ask one of the listing representatives for a private consultation about Parkhurst and its possibilities. We appreciate your co-operation and will act in kind. Please contact us for anything you need to introduce Parkhurst to your clients.

On the Internet Visit: www.parkhurstinwhistler.com