1 7 5 0 7 – 6 t h S t r e e t N W & 1 6 9 0 5 C e n t r e S t r e e t N W

C A L G A R Y, A L B E R T A

1 6 0 A C R E S R E S I D E N T I A L L A N D O P P O R T U N I T Y

REDUCED LIST PRICE: $8,800,000

Calgary

Airdrie

Cochrane

Chestermere

Balzac Kathyrn Keoma

8

2

201

1

1A

560

1A

22

8

1

CALGARY INTERNATIONAL

AIRPORT

CALGARY CORE DOWNTOWN

SUBJECT PROPERTY

THE OPPORTUNITY

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to offer for sale 160 acres of future development land located at 17507 - 6 Street NW and 16905 Centre Street N (collectively, the “Property”). The Property is currently the subject of a Court Order. The List Price has now been reduced to $8,800,000. The Property is in two titles and totals approximately 160 acres.

INVESTMENT HIGHLIGHTS

The Property has many attributes that need to be highlighted:

• Located in Calgary, therefore residential development certainty is assured • Located within the North Sector of Calgary, which is one of Calgary’s primary

development corridors; which is expected to continue to secure 25% of all new home residential demand through the period 2019 to 2023

• Evidence as to the strength of the North Sector is apparent by Brookfield’s Living-ston subdivision and Apex/Genstar’s Carrington subdivision

• The Property has the potential to generate holding income from residential rent-al of the two houses, an agricultural lease for the current cattle and field opera-tions, and the existing oil and gas facility

17507 – 6TH STREET NW & 16905 CENTRE STREET NW, CALGARY, ALBERTA160 ACRES RESIDENTIAL LAND OPPORTUNITY

17507– 6TH STREET NW & 16905 CENTRE STREET NW, CALGARY, ALBERTA160 ACRES RESIDENTIAL LAND OPPORTUNITY

PROPERTY SPECIFICATIONS

17507 - 6th Street NW, Calgary

16905 Centre Street NW, Calgary

PROPERTY ADDRESS

17507 - 6th Street NW, Calgary

SITE AREA

+/- 120 acres

Land Use Designation

Portion of NE 9-26 1W5M Linc

0021 129 5640016 921 520

Legal Description

S-FUD Special Purpose –

Future Urban Development

TopographyUndulating

ServicesNone;

vacant farm land

PROPERTY ADDRESS

16905 Centre Street NW, Calgary

SITE AREA

+/- 40 acres

Land Use Designation

Portion of NE 9-26 1W5M Linc

0021 129 564

Legal Description

S-FUD Special Purpose –

Future Urban Development

TopographyUndulating

ServicesNone;

vacant farm land

CENTRE STREET N

176 AVENUE NW

LOCATION HIGHLIGHTS

17507– 6TH STREET NW & 16905 CENTRE STREET NW, CALGARY, ALBERTA160 ACRES RESIDENTIAL LAND OPPORTUNITY

DOWNTOWN CALGARY

CENTRE STREET N

176 AVENUE NW

22 MINS toDowntown Calgary

17507-6th St. NW & 16905 Centre St. NW,

Calgary, Alberta

18 MINS to Calgary International Airport

7 MINS to CrossIron Mills

Easy access toCentre Street

Easy access toCentre Street

SUBJECT PROPERTY

17507– 6TH STREET NW & 16905 CENTRE STREET NW, CALGARY, ALBERTA160 ACRES RESIDENTIAL LAND OPPORTUNITY

PLANNING OVERVIEW

North Regional Context StudyThis is the plan that guides future development in the area. As noted in the plan, the subject Property fall within a future residential community. While this will be considered a medium to long-term hold, this virtually guarantees that the Property will be developed in the future as residential housing. This is clear as evidence that this sector is in fact one of Calgary’s primary growth corridors. An additional key feature to the Property is the fact that a “Primary Transit Hub” is planned along its boundaries.

PLANNING OVERVIEW

Suburban Residential Growth (2019 - 2023)As noted in its report, The City of Calgary continues to forecast that the north sector will be the dominant residential growth corridor over the next 5 years, averaging 25% of all new housing construction and absorption. There are no planning or policy reasons why the north sector’s position, in front of all other growth corridors will change beyond this time frame.

Source: The City of Calgary Land Use Planning & Policy, North Regional Context Study Source: The City of Calgary Land Use Planning & Policy, Suburban Residential Growth 2019 – 2023

SE

NW

W

N

E

NE

S

C

North SectorUnits: 8,550 25%Population: 24,036Land: 357 ha

Northwest SectorUnits: 190 1%Population: 714Land: 14 ha

Northeast SectorUnits: 8,450 25%Population: 23,812Land: 351 ha

East SectorUnits: 370 1%Population: 982Land: 13 ha

West SectorUnits: 1,390 4% Population: 4,045Land: 101 ha

Southeast SectorUnits: 7,569 23%Population: 21,570Land: 362 ha

South SectorUnits: 6,470 20%Population: 19,218Land: 296 ha

SPH

13J

09P

01C

09O

13K

05G

WWO

03W

KSH

MAHAUB

12HSET

BVD

CRA

03D

12F

WSP

EVN

13G

LEG

SPH

WAL

LIV

13F

SKR

12B

CRM

SGH

01G

ASP

SAD

KCA

CSC

CNS

CAR

13D 12C

NOL

CPF

02L

YKV

PCK

02K

SVO

Existing Population by Sector2018 Civic CensusNorth SectorNortheast SectorEast SectorSoutheast SectorSouth SectorWest SectorNorthwest SectorCentre SectorTotal

160,592185,585

58,416135,318227,454124,544175,452199,983

1,267,344

Funding of city-size infr structure forthe partially/unserviced is identified in blue under One Calgary (2019-2022)service plan and budget and developer is responsible for developer-size infr structure.

Areas within approved area structure plans & serviced

These areas are partially serviced/unserviced as of 2018 December.

Forecast Estimates assume:Total Unit Growth: 32,989(6,598 units per year average)(4,106 single/semi and2,492 multi-units)

Population Growth: 94,370(18,874 people per year average)

Land Needs: 1,494 hectares(299 hectares per year average)

PLANNING OVERVIEW

Much of the land in this sector is either already serviced or partially serviced making this a highly desirable location to be developing in the medium to long term.

PLANNING OVERVIEW

Area – Ownership ProfileWhile not directly related to the planning framework set for the subject Property and its surrounding area, a key consideration to making this an attractive area for a long term land investment is the fact that the area is largely owned by large developers and residential builders. With the “un-fragmented” nature of the land holdings, this will allow logical and timely development in the area to proceed.

ENVIRONMENTAL OVERVIEW

There is a producing oil well near the northeastern corner of the parcel with a pump jack system, a propane tank and a single storage tank farm. Other facilities include the Cremona pipeline that passes through the northeastern tip of the parcel. The AEUB has no oil gas incident record registered at the subject parcel. A developmental set back is required around these facilities. Reclamation and site remediation of the well site and pipeline is the responsibility of the facility operators. They must be done in accordance to Alberta Environment guidelines and be satisfactory to the land owner before a reclamation certificate will be issues. A previous environmental assessment is identified the potential risk of significant environmental impact at the subject property as “moderate”. Issued to be considered include the feed lot area and runoff pathway at the southwestern corner of the parcel, fuel and oil storage areas, the mechanic service Quonset area, and the buried household waste pit.

17507– 6TH STREET NW & 16905 CENTRE STREET NW, CALGARY, ALBERTA160 ACRES RESIDENTIAL LAND OPPORTUNITY

Source: The City of Calgary Land Use Planning & Policy, Suburban Residential Growth 2019 – 2023

SUBJECTPROPERTY

Jayric Property Corp.

(Jayman)City of Calgary Walton Global

Investments Ltd.

Walton Global Investments Ltd. Rhodes

Mohinderpal

GoldmarkDevelopments

DynnNorth

Evans Lands

BrandonDynn

Carma Ltd.

Carma Ltd.Carma Ltd. Carma Ltd. Carma Ltd.

Carma Ltd. BCIMC

BCIMC

Albert Gerald Albert Gerald

SE

NW

W

N

E

NE

S

C

Serviced(all leading City infrastructure in place)

Partially Serviced(Some leading infrastructure in place , but not all five)

Unserviced(Will include Residential and Non Residential Uses)

Subject To ASP Approval(Will Include Residential AndNon Residential Uses)

Transportation Utility Corridor

JLL CAPITAL MARKETSjll.ca I 403-456-2233855 – 2nd Street SW, Suite 3900Calgary, AB T2P 4J8

KEN WESTHAVERJLL Capital Markets, CalgarySenior Vice President(403) 456-2209Ken.Westhaver@am.jll.com

RYAN MURPHY JLL Capital Markets, Calgary Senior Sales Associate (403) 456-5582 RyanJ.Murphy@am.jll.com

All inquiries regarding the Property should be directed to:

DISCLAIMER© 2019 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 complete ness 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 information 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.

OFFERING PROCESS

The Property is currently the subject of a Court Order. The List Price has now been reduced to $8,800,000. The Property is being offered for sale by way of a conventional marketing process with offers being considered on a first come, first serve basis. Please be advised that further court approval of a proposed transaction will be required.