VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack PAGE 1

Detailed Information Package

50800 BENCH RD.

261.6 Acres Chilliwack, BC

Joe Varing * | Homelife Glenayre Realty Co. Ltd.

604.557.0575 | info@varinggroup.com

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

BENCH RD.

SLESSE RD.

50800 Bench Rd.

PAGE 2

PACKAGE CONTENTS

PG 3 | ExECuTivE SummARy PG 4 | PROPERTy DESCRiPTiON PG 6 | PROPERTy PHOTOS PG 8 | PROPOSED GOLF COuRSE LAyOuT PG 9 | NEARBy ATTRACTiONS PG 12 | CHiLLiwACK DEmOGRAPHiCS PG 13 | DRiviNG DiRECTiONS TO PROPERTy

VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack PAGE 3

ExECuTivE SummARy

OPPORTuNiTy

50800 Bench Road is a 261 acre single title property that boasts views of gorgeous mountain tops and crystal clear

rivers. Being the 7th largest site in all of Chilliwack and the largest site for sale, this is an opportunity to start the future

for the Ryder Lake Neighborhood and bring a new community to such a blissful place.

POSiTivES iN DETAiL

• Thesubjectpropertyisthe7thlargestsingletitlepropertyinChilliwack

• ThereispotentialforfuturesubdivisiononceChilliwackreachesapopulationofover87,000,whichwouldsparkacity

planning meeting with local residents.

• InaCityofChilliwack,OfficialCommunityPlanUpdatemeetingin2012,residentschoseRyderLakeasthe2nd

neighbourhoodtheywantedtoseemoregrowthinafterChilliwackProper.

• Residents’favouriteaspectofRyderLakewastheruralcharacterandthepeacefulness.

• Therearemultiplepossibilitiesofpotentialheresuchas;theattachedGolfCourseconceptlayout,futuresubdivisionof

hillside lots, or large 10-20 acre ALR lots.

• Thissiteis20minutesawayfromHighway1andlessthan25minutesawayfromtheSumasBorderCrossingintotheUS.

• ThenewFVXtransitroutenowconnectsChilliwacktoAbbotsfordandLangleyandwillsoonhavemoreroutesthroughthe

Ryder Lake area.

• Thesiteis10minutesfromamenitiessuchasthenewlydevelopedGarrisonAreawhichshowcasesrevampedhousing

developments,restaurants,shops,grocerystores,theCanadaEducationParkandthenewUFVCampus.

PleasesubmitalloffersinPDFformattoJoeVaringatjoe@varinggroup.com.

VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack PAGE 4

PROPERTy DESCRiPTiON

PRiCE:

$6,600,000

PleasesubmitalloffersinPDFformattoJoeVaringatjoe@varinggroup.com.

GROSS PROPERTy TAxES:

$2,252.04

DuE DiLiGENCE DOCumENTS:

1. TaxReport

2. TitleSearch

3. ProposedGolfCourse-ConceptLayout

All available upon request.

50800 BENCH RD.CHiLLiwACK, BC NCP: RyDER LAKE

261.6 Acres - PID: 027-391-086

ZONiNG:

AgriculturalUpland(72%)+LimitedUseReserve(28%)

(AU,SRV-1)

LEGAL:

DL236

LD36

LOCATiON

ChilliwackislocatedintheLowerMainlandofthePacificCoastofCanadainBritishColumbia.Thecityisabout100kmfrom

downtownVancouver,borderedbyAbbotsfordtothewest,Agassiztothenorth,PopkumtotheeastandtheUnitedStatestothe

south.ThecityofChilliwackmeasures23.5kmfromeasttowestand12.5kmfromnorthtosouth,coveringatotalterritoryof

25,900 hectares.

ThesubjectpropertylaysnestledinthepeacefulneighborhoodofRyderLake.Thisareaisallaboutthelandscapewithcrystalclear

rivers,giganticmountainsofBCandanecosystemwherehumansandanimalscoexist.Therearemanysubdivisiondevelopments

allalongChilliwackLakeRoadthatleaduptothislargesite.MostofthenearbyattractionshereareoutdoorssuchasthePurple

HayesSchoolofKayaking,ChilliwackRiverRafting,Paintballing,Hiking,numerousfishingspotsandafewcampgrounds.Ashort

10minutedriveleadsintothenewGarrisonVillagewhichhousesnumeroushousingdevelopments,restaurants,shops,theCanada

EducationParkandthenewUniversityoftheFraserValleyCampus.

TheUniversityoftheFraserValleyenrollsover15,500studentsperyearwithcampusesinChilliwack,AbbotsfordandMission.

WiththeadditionofacampusinIndiaandnewprogramshereinCanada,aninfluxofstudentswereenrollingintoUFV,which

sparkedan85acrecampusdevelopmentintheCanadaEducationParktoincreasethecapacityoffulltimestudentsby5,000.

TheCanadaEducationparkwhichconsistsoftheJusticeInstituteofBC,RCMPTrainingCentre,CanadianBorderServicesAgency

andUFV,employsalargenumberofpeopleanddriveshousingdevelopmentstothisparticulararea.

BENCH RD.

SLE

SS

E R

D.

SLESSE RD.

VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack PAGE 5

TOPOGRAPHy

DimENSiONS

Thetypographyofthissitevariesasitisahillsideproperty;thereareflatareasondifferentlevelsasyouascendupthe

property.Thereisalsoprimarydrainagewatercoursesthatrunontheland,whichhavefreshwatertravellingfromthe

mountains to the Chilliwack River.

261.60acre(11,395,296sqft.)propertywithanapproximatetotalperimeterof4,475.80meters.

861 m DimENSiONS ARE APPROximATE

124

0 m

124

6 m

872 m

PROPERTy viEwS

BENCH RD.

SLE

SS

E R

D.

VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack PAGE 6

PROPERTy PHOTOS

VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack PAGE 7

PROPERTy PHOTOS

VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack PAGE 8

PROPOSED GOLF COuRSE LAyOuT

DRAFT NOT

APPROVED

PAGE 9 VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack

Riverbend Guest B&BBell Acres Community

Slesse Park and Chilliwack River offer:

Hiking, Camping, RV Parks, Fishing, River Rafting, and Kayaking

Edward Rd. Community

Chilliwack Lake Rd.

Ved

der

Rd

.

Chilliwack Lake Rd. Slesse Rd.

Sle

sse

Rd.

Bench Rd.

Birds of Prey B&B

NEARBy ATTRACTiONS

PAGE 10 VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack

GW GRAHAM MIDDLE SECONDARY

VEDDERELEMENTARY

WATSONELEMENTARY

MOUNT SLESSE MIDDLE SCHOOL

TIM HORTONS

SAVE-ON-FOODS

McDONALDS

UNIVERSITY OF THE FRASER VALLEY

CULTUS LAKE

SUBJECT PROPERTY

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.

NEARBy ATTRACTiONS

SuBjECT iS ABOuT A 10 miN DRivE TO AmENiTiES AND THE CONvENiENCE OF THE GARRiSON viLLAGE SHOPPiNG CENTRE

PAGE 11 VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack

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

SUBJECT P

ROPERTY

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

VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack PAGE 12

CHiLLiwACK DEmOGRAPHiCS

HOuSiNG COSTS: Theaveragecostofasingle-familydetachedhomeinChilliwackisabout60%lessthanVancouverandabout

30%lessthanAbbotsford.Comparingincometocosts,Chilliwackresidentsenjoysignificantsavingsincost

of living and a richer standard of living.

POPuLATiON GROwTH: TheestimatedpopulationofGreaterChilliwackis92,308,withanaverageannualgrowthrateofabout

2.73%(2011).Withcontinuedsteadygrowth,thecity’sprojectedpopulationisexpectedtoreach101,210

in 2021.

REGiONAL POPuLATiON: Thereare277,593peoplelivingwithina30-minutecommuteofChilliwackandabout2.5millionwithinthe

LowerMainlandregion.IncludingtheAmericancommunities,thereareoverfivemillionpeoplelivingwithin

200 km of Chilliwack.

POPuLATiON By AGE: ThemedianageinChilliwackis41,whichiscomparabletotheBritishColumbiamedianageof40.8.Nearly

58%ofpeopleinChilliwackareundertheageof45,whichissimilartotherestofBC.However,becauseof

thelowcostoflivingandproximitytoVancouver,theCityofChilliwackhasaslightlyhigherpopulationof

seniorsaged65andoverat16.7%,comparedtotherestofBCat14.5%.Chilliwackalsohasaslightlyhigher

percentageofchildrenupto19yearsatarateof27.1%comparedto23.2%inBC.

wORKFORCE POPuLATiON: Chilliwack’scurrentlaborforceisestimatedatabout44,725people,representingaparticipationrateof

61.2%(basedonthepopulationof15andover).Chilliwackalsohasoneoftheregion’shighestnumbersof

localemployment,withabout72%ofthepopulationworkingwithinthecommunity.Theaveragecommute

is around 6 km.

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

PAGE 13 VARING MARKETING GROUP — Detailed Information Package — 50800 Bench Rd. - Chilliwack

DiRECTiONS TO PROPERTy

Chilliwack Lake Rd.

Chilliwack Lake Rd.

Slesse Rd.

Keith wilson Rd.

vedder Rd.

Bo

un

dar

y R

d.

No. 3 Rd.

No. 3 Rd.

START

Britis h Columbia HWY 1

T ake Keith Wils on Rd and Chilliwack Lake Rd to S les s e Rd in Fras er Valley E

1. Head northeas t on T rans -Canada Hwy/BC-1 E

2. Take exit 104 for No. 3 Road

3. Keep right at the fork, follow s igns for Cultus Lake/Number 3 Road E/Yarrow and merge onto No. 3 Rd

4. Turn right onto Tolmie Rd

5. Turn left onto No. 3 Rd

6. Turn left onto Boundary Rd

7. Turn right onto Keith Wils on Rd

8. At the roundabout, take the 2nd exit and s tay on Keith Wils on Rd

9. Turn right onto Vedder Rd

10. Turn left onto Chilliwack Lake Rd

11. Turn left onto S les s e Rd

25 min (23.7 km)

22 m

200 m

2.2 km

100 m

1.1 km

1.4 km

7.6 km

1.1 km

750 m

9.4 km

5 min (3.5 km)

Drive 27.2 km, 30 min

FINISH

Bottom of Property - 50800 Bench Rd. Return the way you came, Slesse is not a through street.

11

2 34

78 9

10

5 6