COMMERCIAL REAL ESTATE | FRANCHISES | BUSINESS OPPORTUNITIES $4.29 • OCTOBER 2017 • VOL32/10
LESLEY HEIEIS SSMARTERMARTER MMANAGEMENTANAGEMENT BBOOSTSOOSTS CCASHASH FFLOWLOW HOUSING CALL | 12 ‘SELL NOW, BUY TIER 1 PLAYERS IN THE WEST | 10 IN FOUR YEARS’ Trend-charter Dane Eitel says analytics point to a prolonged price slide
SMALL-BIZ BLUES | 16 TAX TWEAKS SPOOK OWNERS Vancouver Board of Trade CEO Iain Black warns changes could be ruinous to some small businesses CONTENTS Full index 3 Property management 10 Residential outlook 12 Tax changes 16 New West commercial 20 Farmland sales 22 B.C report 24 Done Deals 26
PUBLICATIONS MAIL AGREEMENT 40069240 1 0 0 6 0 3 5 8 1 8 2 9 1 9
MACDONALD COMMERCIAL Commercial Sales & Leasing, Property & Asset Management and Strata Management.
macdonaldcommercial.com 604.736.5611 Listings on Page A4 & A5 A2 | LOWER MAINLAND WESTERNINVESTOR.COM | OCTOBER 2017
FOR SALE: 2 PROPERTIES WITH FOR SALE - EAST VANCOUVER PRIME OCEANFRONT FOR SALE FOR SALE - SINGLE TENANT 7 APARTMENT BUILDINGS BUILDING AND PROPERTY DEVELOPMENT OPPORTUNITY 38.4 - 78.4 ACRES INVESTMENT OPPORTUNITY BAYVIEW CHATEAU - 1371 BLACKWOOD ST 1428 CHARLES STREET, VANCOUVER MARINER’S VILLAGE, SOOKE, BC BURKE MOUNTAIN, COQUITLAM 250 WINNIPEG STREET, PENTICTON, BC WHITE ROCK GARDENS - 14989 ROPER AVE WHITE ROCK, BC
• Pad Development Opportunity • Approximately 40,000 sf, two storey building • 8.63 acres of development land approved for • 2 lots: 38.4 and 40 acres • 1.43 acres site with net rentable area of 23,565 sf on 23,262 sf corner site mixed-use development • Beautiful views • A total of 93 suites & approx. 3.4 acres of land • Net Operating Income $564,668 (as of 09/2017) • Located in Strathcona, walking distance to • Views of Sooke Harbour & the Olympic Mountains • Future residential development property • Well maintained and landscaped with over $1.6 m • Long term lease amenities of Venables and Commercial Drive • Serviced, zoned, marina leasehold included or ideal estate lots in renovations in the past 4 years • Listing Price $9,800,000 • Asking $6,300,000 • Asking $3,500,000 per lot • Asking Price $27,700,000 GREG MILES | CHRIS J. NEWTON* BILL RANDALL* | ANNE TANNER* PETER GIBSON* | JON BUCKLEY* DON DUNCAN* | CHRIS DRIVER* MATTHEW MACLEAN* TIM SOMMER* BILL RANDALL* CO-LISTED WITH FORM RETAIL KOLUMBIA GARDEN MULTI-FAMILY FOR SALE: PROMINENT WEST PROSPERITY BUILDING AT INSPIRATION BUILDING AT 3 STOREY RENTAL BUILDING WITH DEVELOPMENT OPPORTUNITY END DEVELOPMENT SITE DOCKSIDE GREEN DOCKSIDE GREEN 39 STRATA TITLED SUITES 17719 58A AVENUE, SURREY 342 WALE ROAD, COLWOOD, BC 1070 & 1042 NELSON STREET, VANCOUVER 388 HARBOUR ROAD, VICTORIA, BC 398 HARBOUR ROAD, VICTORIA, BC
• 19 - One bedroom & 20 - Two bedroom suites • Centrally located in the rapidly growing West • 22 unit & 26 unit strata buildings • Spectacular Turnkey Class “A” Strata • Spectacular Turnkey Class “A” Strata • Net rentable floor area of 32,699 sf Shore community of Colwood • Burrard Corridor - High Density Site • Ground Floor - 4,393 sf • Second Floor - 6,642 sf • Includes 50 secured parking stalls • Site size of 59,374 sf • Potential for total assembly of 25,905 sf site • Second Floor - 1,657 sf • Third Floor - 6,641 sf and 20 surface stalls • Asking Price $2,999,000 • Contact agents for further details • Third Floor - 4,100 sf • Asking Price $6,898,000 BRAD NEWMAN-BENNETT DON DUNCAN* | CHRIS DRIVER* TIM SOMMER* | CHRIS DRIVER* SCOTT MACPHERSON COLLEEN AUSTIN | ANNE TANNER* COLLEEN AUSTIN | ANNE TANNER* KELOWNA AREA FOR SALE: 30 ACRES OF FOR SALE/LEASE - GLOUCESTER RARE 7.5 ACRE DEVELOPMENT SITE FOR SALE: RARE FREESTANDING SHOPPING CENTRE DEVELOPMENT LAND INDUSTRIAL ESTATES WITH 3RD READING APPROVAL BUILDING IN BURNABY WESTBANK SHOPPING CENTRE BEAUMONT LAKES SOUTH, EDMONTON, AB 5363 & 5368 273A STREET, LANGLEY 19684 & 19724 32ND AVENUE, LANGLEY 4098 MCCONNELL DRIVE, BURNABY
SITE (±30 ACRES)
A B
• GLA: 73,898 sf; Lot Size: 8.6 acres • Beaumont Alberta - Prominent location • 5363 273A St.: 23,794 sf (Warehouse/Office/Mezz) • 30 Single Family lots (min. 7,000 sfr per lot) • Mixed office/warehouse in the Winston industrial • Leasehold interest with 74 years left • 30 acres - Commercial & Residential uses • 5368 273A St.: 12,686 sf (Warehouse/Office/Mezz) • Subject site demolished and cleaned corridor of North Burnaby on a prepaid lease • ±165,000 per acre • 24’ & 26’ ceiling heights • RD-1D • 33,140 sf building on 1.54 acres of land • Tenanted by: Landmark Cinemas, Tim Hortons, • Price reduced to $800,000 • Ample turning radius & enclosed storage • Please contact listing agents for pricing • Zoned M5 - light industrial district White Spot and TD Bank with fence • Asking Price $11,000,000 PETER GIBSON* HARPREET SINGH* | MICHAEL HARDY* KEVIN MEIKLE*** | EDGAR BUKSEVICS* HARPREET SINGH* BILL HOBBS* | DAVID POTTINGER BILL RANDALL* JORDAN SENGARA* | RON EMERSON NEWLY RENOVATED INDUSTRIAL INVESTMENT ±3.8 ACRE INDUSTRIAL DEVELOPMENT BRAND NEW STRATA UNITS IN ±16.87 ACRES DEVELOPMENT APARTMENT BUILDING OPPORTUNITY WITH UPSIDE OPPORTUNITY FOR SALE PORT KELLS SITE IN CLAYBURN AREA LIMERICK APARTMENTS - 5450 204TH ST, LANGLEY 19473 FRASER WAY, PITT MEADOWS 31401 GILL AVENUE, MISSION 19715 96TH AVENUE, LANGLEY 34992 BATEMAN ROAD, ABBOTSFORD
• 41,382 sf / 0.95 acre property • 51,869 sf in 2 units • Excellent and rare opportunity • 9,480 sf - 11,886 sf available • Potential for Single Family lots • 3 storeys, 39 suites and 27,267 sf • Excellent parking; New roof; Loading; Yard areas • Busy corridor of Abbotsford • Dock and grade loading • Next to a well developed area of net rentable area • Below market rents • Secondary Commercial (OCP); Mill Lake (NCP) • Exposure to 96th Avenue and Telegraph Trail • Zone CR • Asking Price $7,600,000 • Sale Price $9,800,000 • Please contact listing agent for pricing • Asking Price $300 psf • Asking Price $3,500,000
DON DUNCAN* | CHRIS DRIVER* RICK EASTMAN* HARPREET SINGH* ANDREW GREEN* HARPREET SINGH* FOR SALE FULLY TENANTED METROTOWN DEVELOPMENT RARE FREESTANDING FOR SALE - 168.7 ACRES THE DUNCAN COURTHOUSE INDUSTRIAL PROPERTY OPPORTUNITY FOR SALE INDUSTRIAL INVESTMENT WITH RENTAL INCOME 238 GOVERNMENT STREET, DUNCAN, BC CLOVERDALE INVESTMENT PROPERTY 5105 KINGSWAY, BURNABY 1940 BROADWAY STREET, PORT COQUITLAM 2575 ALASKA HIGHWAY, FORT NELSON, BC REDUCED
• Opportunity to purchase a well maintained • 22,500 sf freestanding manufacturing/ • OCP: Metrotown, Marlborough • 5 year lease expiring 2021 provincial government tenanted Courthouse distribution warehouse • Sub Area: High density mixed-use • Great traffic exposure • 11,000 sf building on 168.7 acres and office buildings (includes office, coffee room & a parts room) • Dock and grade loading; Fenced compound • Site Area: 9,532 sf • One block from Coast Meridian Overpass • 10 year leases in place; leasable area is 30,047 sf • Current lease rate is $273,900 net per annum • Strong International Covenant • Multi-tenant building with holding income • Sale Price $2,250,000 • Cap rate 5.27% for the building and 20 acres • Please contact agents for listing price • Reduced Price $7,988,888 • Asking Price $4,900,000 ANNE TANNER* | ADAM FRIZZELL BILL HOBBS* CRAIG HAZIZA** | KYLE WILSON RICK EASTMAN* | KEVIN VOLZ* BILL RANDALL* FOR SALE: PRIME WESTSIDE PRIME CORNER BRAND NEW STRATA FOR SALE TWO LIQUOR STORES INVESTMENT PROPERTY RETAIL BUILDING WAREHOUSE DEVELOPMENT 250 HIGHWAY 97A VERNON/SPALLUMCHEEN, BC FORT ST. JOHN, BC 3496 DUNBAR STREET, VANCOUVER 615 TWELFTH STREET, NEW WESTMINSTER 580 NICOLA AVENUE, PORT COQUITLAM
• Corner lot - Dunbar Street & West 19th Avenue • Lot size: 4,698 sf • Unit sizes from 1,845 sf up to 68,724 sf • Located in Spallumcheen Valley • Highly desirable Westside street • Building size: 3,444 sf • Rear grade loading to each unit • 112 acres • Land, building and business • Walking distance to schools, parks and shops • Zoning C2-A (4 storey development potential) • Construction completion approximately • Industrial zoning • NOI $873,629 • $4,980,000 November 2018 • Asking $4,500,000 • Price $7,700,000 • Presale pricing now available • Cap Rate: 11.43% ERIC WALKER | ADAM FRIZZELL BOE IRAVANI* ALEX CHRONAKIS KEVIN VOLZ* | ANDREW GREEN* BILL RANDALL* | ERIC RICE 604 683 3111 / cushmanwakefield.com *Personal Real Estate Corporation / **Craig Haziza is licensed with CAH Realty Inc. and has a contractual relationship with Cushman & Wakefield Ltd. ***Kevin Meikle is licensed with K.H.M. Realty Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. / ****Sean Ungemach is licensed with SBU Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. / E.&O.E.: This communication is not intended to cause or induce breach of an existing agency agreement. The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Cushman & Wakefield Ltd. VANCOUVER | LOWER MAINLAND | VANCOUVER ISLAND
Contents | OCTOBER 2017
OPINIONS & FEATURES NEWS & COMMENT WESTERN PERSPECTIVE 6 Housing analytics point to price drop Frank O’Brien, Western Analyst says 40-year trend line can’t be ignored 12 Investor editor, says Ottawa Small businesses fear tax change basks in strong job numbers Banking profits, income sprinkling in gun sights 16 yet attacks the very sector that is creating the most jobs New West’s quirky commercial real estate Gambling, trampoline park among new plays 20 QUALIFYING A FRANCHISEE 18 Done Deals Business broker Ken Withers What sold and for how much in Western Canada 26 offers tips on screening franchisee applicants to find the perfect fit for your franchise system ADVERTISING DIRECTORY FARMLAND RULES EYED 22 The BC Green Party is Lower Mainland 2-22 calling for a crackdown on Services 18 foreign ownership of British Sea to Sky/Sunshine Coast 23 Columbia farmland to slow Vancouver Island 23-27 residential speculation MORE OPPORTUNITIES SECTION B Interior B.C., Alberta & other provinces, recreation COVER FEATURE Colliers International property management head Lesley Heieis 10 says fresh technology, expertise raise asset values l CHUNG CHOW
Call: 604.669.8500 or 1.800.661.6988 | Fax: 604.669.2154 | Email: [email protected] or visit us online at: www.westerninvestor.com | 303 WEST 5TH AVENUE, VANCOUVER, B.C. V5Y 1J6
Commercial Lending Experts. $250,000,000 funded since 2015 30 years of collective Commercial Lending experience within our team. We have access to the lowest cost of capital for conventional deals & $25K to $100M available in private capital. A full team of knowledgeable sales and administration staff Recent Fundings: • $18,500,000 land acquisition and land servicing mortgage for 5 acres of residential land on Burke Mountain, Coquitlam B.C. 85% of costs funded. • $7,500,000 land acquisition and lot servicing mortgage for a 17 lot sub-division in the Panorama Ridge neighborhood of Surrey, B.C. Land Acquisition | Multi-Family & Mixed use | Agricultural | Condo & Townhouse Construction | 80% of costs funded. Industrial | Single Family Construction • $5,100,000 land acquisition mortgage for a 5 acre 99 unit townhome site in the West Clayton neighborhood of Surrey, B.C. R/V Mobile Homes & Self Storage Sites | • $11,850,000 term mortgage for two car wash sites & a self-storage site located in Surrey & Langley, B.C. Hotels & Motels | Warehouses | Private Financing | • $3,900,000 construction mortgage for spec home located in the British Properties neighborhood of West Vancouver, B.C. Residential Mortgages | Truck & Equipment Leasing | • $2,400,000 farm mortgage for 15 acre blueberry farm located in the Cloverdale neighborhood of Surrey, B.C. E: [email protected] • $3,900,000 land acquisition mortgage for a 3.2 acre 66 unit townhouse site in the West Clayton neighborhood of Surrey, B.C. P: 604-503-1673 • $1,200,000 private 2nd mortgage @ 8.00% for a Best Western Hotel located in South Surrey, B.C. W: www.ewgroup.ca
CALL Don Munro [email protected] SUTTON GROUP 604-817-7338 www.donmunrorealestate.com WEST COAST REALTY COMMERCIAL/INDUSTRIAL COMMERCIAL ACREAGE ACREAGE CHILLIWACK Fill Site LANGLEY LANGLEY 7985 Lickman Road • 600,000 cubic meter fi ll site on acreage property 6895 & 6897 272nd Street 5079 240th Street • For Lease/Build-to-Suit • Great exposure • +/- 137,000 Sq.Ft. in 3 growing areas, plus potting • Currently Zoned CS2 (Tourist Commercial) • Highway access • Centrally Located 32.85 Acres area, boilers, staging area, pesticide area, • Offi cial Community Plan (OCP) designates this IG • Call for Confi dential Details • Private Estate Property lunchrooms, bathrooms and mezzanine storage Zoning (General Industrial) • 2 Titles – 3 residences , pool, storage garages , • Currently +/-137,000 Sq.Ft. room to expand to +/- • PERMITTED USES in OCP stables & paddocks 200,000 Sq.Ft.-Room to Expand up to 66% site coverage • +/- 2,513 Sq.Ft., 3 Bedroom Rancher, - Manufacturing, warehousing and industrial services ACREAGE • 7,947 sq. ft. Main House with 6 bdrms, 5 bathrms - Accessory offi ce and sales outlet +/-1,155 Sq.Ft. Employee Residence, • 4,071 sq.ft. 2nd home 3 bdrms , 2 baths - Commercial services ROBERTS CREEK +/- 1,200 Sq.Ft. Workshop/Garage - Select heavier industrial uses • 1,423 sq. ft. Equestrian residence 2 bdrms, • City Water-Commercial/Industrial sized • DENSITY IN OCP 2525 Lower Road 2 baths water connection at property line - Maximum 1.0 FAR (Floor Area Ratio) • 4.1 Acres Waterfront Property • 2,392 sq. ft 4 car garage • 3 Driveway accesses $3,300,000 • APPROPRIATE BUILT FORM • 265’ of waterfront • 10 stall stables with feed storage , offi ce , tack 6681 Glover Road - Industrial Building up to 3 Storeys • less than 1/2 hour drive from ferry room and grooming area • 4 Bedroom, 2 Storey Residence Built “1909” CALL US FOR ALL THE DETAILS • +/- 83,000 sq.ft. of Buildings • fi ve bedrooms each with own en-suite CALL FOR MORE DETAILS 8558 Chilliwack Mountain Road • 3-1/2 acres Parking • Zoning RU-3 • 4,950 Sq. Ft. One and a Half Storey Home 8 - 24453 60th Avenue • Close Proximity to Everywhere Call Us For Pricing • 10.687 Acres • Cedar Deck facing Ocean • Concept A • 0.77 Acres with 4 Bedrooms, 3-1/2 Bathrooms, CHILLIWACK • Beautiful view property - Landlord will be using the Northern Most Portion +/- 4,840 Sq. Ft. Bungalow 51140 Ruddock Road Fronting Chilliwack Mountain Road $3,998,000 • Triple Car Garage attached through a Breezeway - 3 additional lots • 27.097 Acres - All fronting Aitken Road LANGLEY • Partially Finished Basement • Signifi cant road frontage - Aligned with current city zoning M3(General • Well and Municipal Water • Possible development opportunity Industrial) and M4(Heavy Industrial ) 7025 272nd Street • Community Sewage • Proposed zoning Comprehensive Development (CD) • Only 15 minutes to schools, doctors & medical services • Concept B • Radiant in Floor Heating - Landlord will be using the Northern Most • 11.9 Acres beautiful mountain view property $1,995,000 Lot Fronting Chilliwack Mountain Road • Easy Access to the TransCanada • Swim Spa with attached Hot Tub 7630 Nixon Road - 4 additional lots • 7,506 Sq. Ft. Main House • Large Covered Patio • 60.1 Acres • Private end of road building location - 2 fronting Aitken Road, 2 accessed off cul-de-sac • 2,507 Sq. Ft. Secondary House • Sauna • Build your private estate here - Rezoning needed to M1(Light Industrial) and/or • 1,014 Sq. Ft. Garage • Many Upgrades!! • Split Land Use Zoning - 31% RH (Rural Hillside) & M2(Service Industrial) 69% RSV1 (Limited Use Reserve) • 2,299 Sq. Ft. Bike Garage $3,699,999 • SR-1 Zoning CALL US FOR ALL THE DETAILS $1,999,000 • Property is not located in the ALR $3,000,000 ✓ VALUE FOR $ ✓ GOOD RETURN ✓ TENANT COVENANT ✓ UPSIDE ✓ CAREFREE A4 | LOWER MAINLAND WESTERNINVESTOR.COM | OCTOBER 2017
Vancouver 604.736.5611 MACDONALD COMMERCIAL Fraser Valley 604.542.2444 REAL ESTATE SERVICES LTD. [email protected]
AGRICULTURAL PROPERTY INDUSTRIAL RETAIL INVESTMENT 80 ACRE BLUEBERRY FARM IN DELTA WESTSIDE 12 SUITE APARTMENT BUILDING
SALE SALE SALEMark Hagedorn* 604.714.5524 SALE
17911 Fraser Highway, Vancouver, BC 1405 Pemberton, North Vancouver, BC 5606 96 Street, Delta, BC 1422 West 73rd Avenue, Vancouver, BC • Well-established 80 acre blueberry farm on prime • 67.644 Acres • 1,850 ft of frontage on Fraser • Lot size: 5,700 SF corner property • Fully Leased • Opposite Marpole park with lane- agriculture land • House 1: 4-BDRM, 2800 SF • Cap Rate: 2.5% Highway • A-1, General Agricultural zone within the (Rancher), House 2: 3-BDRM (Mobile), 23,000 SF way access 67’ frontage Agricultural Land Reserve • Zoning: EZ-LI Employment Zone Light Industrial warehouse, 640 SF Pump house, Full-harvesting • Selling through a bid process Offer Submission 5 October, 2017 at 3.00pm • Price: $6,698,000.00 ($99,018.39 per acre) • Price: $2,900,000 equipment included • Price: $10,800,000 date
Brian Tattrie & Chris Midmore 604.736.5611 Nick Goulet & Stuart Wright 604.736.5611 Kevin Wang* & Don O’Brien 604.736.5611 Andrew JD Scott* 604.655.8122
WATERFRONT 40-ROOM HOTEL & MARINA MULTI-FAMILY APARTMENT BUILDING C-2 ZONED DEVELOPMENT OPPORTUNITY INVESTMENT OPPORTUNITY
SUBJECT
SALE SALE SALE SALE
6555 Hardy Bay Rd, Port Hardy, BC 1030 Harwood St, Vancouver, BC 1111 – 1123 Kingsway, Vancouver BC 20456 Fraser Highway, Langley, BC • 2.6 acres of waterfront land, 4 acres of water • 3 Storey with 30 Suites - Downtown Vancouver • Corner property on the north-east corner of Kingsway • Character Retail Building Downtown Langley lease, 1000 ft new & reconditioned docks, full • Site Size: 12,969 SF (99’ x 131’) & Glen Drive • Zoned C-2C Commercial Zone (2.5 • Near proposed LRT Station service restaurant and pub, liquor store, marine • Zoned RM-5A Multiple Family FSR) • Site area: 19,225 SF • Good Holding Property store, fuel dock, storage and laundry facilities. • Assessments: $23,390,100 • Price: $14,800,000 • Price $1,500,000
Cynthia Dong* 604.518.8230 Cynthia Dong* 604.518.8230 Matt Nugent*, Edward Chiu & Kevin Wang Steve Schweighert 604.714.5727
CANYON HOT SPRING RESORT 10 UNIT APARTMENT BUILDING COMMERCIAL INVESTMENT OPPORTUNITY COURT ORDERED SALE
SALE SALE SALESALEMark Hagedorn* 604.714.5524 SALE
7050 Trans Canada Hwy, Revelstock, BC 411 3rd Ave New Westminster, BC (Queens Park) 101 -103 Riverside Drive, North Vancouver, BC 3683 E Hastings St, Vancouver, BC • 205.171 Acres • Hot mineral pools, 200 camp- • High revenue holding/development property • Owner/Occupied investment opportunity to • 74,125 sq. ft. Mixed Use Building sites, RV Park, and mountain Chalets and cabins • Lot Size: 17,667 SF occupy 3,590 SF with built-in revenue. Grade level • 70 Residential Units with 42,350 SF of Retail / • Located between Mount Revelstoke and Glacier • Building Size: 10,500 SF loading with parking front and back • Employment Office Space • 33,670 SF C-2C Zoned Site National Parks, 6 hours away from Vancouver. • Price: $4,588,000 Zone-Light Industrial • +/- 8,770 SF • $3,288,888 • Walking Distance of the Kootney Loop Transit Cynthia Dong* 604.518.8230 Cynthia Dong* 604.518.8230 Mark Hagedorn* 604.714.5524 Brian Tattrie & Matt Nugent* 604.736.5611
MULTI-FAMILY - 34 UNITS MULTI-FAMILY - 201 UNITS MULTI-FAMILY- 199 UNITS MULTIFAMILY SITE – 25 ACRES
SALE UNDER CONTRACT SALE SALE
Prince George, BC - 2 properties Central BC - 4 Properties Kitimat, BC - 2 Properties - 8 Titles Terrace, BC – Residential Subdivision • 21 Strata TH’s and 13 unit Apt Bldg • Extensive updates – 9% Cap Rate • Renovated, good occupancy • Mostly flat site with services to property • Good condition, good location • Gross rents average $148k/month • Extensive renovations – Good condition • Multifamily development potential • To be sold as a package • Price: $4.75 M • Price: $3.795 M • Price: $10.95 M • Can be sold separately or together • Price: $14 M Bruce Long* 604.312.2000 Bruce Long* 604.312.2000 Bruce Long* 604.312.2000 Bruce Long* 604.312.2000
6-SUITE APARTMENT BUILDING RESTAURANT/COMMERCIAL SPACE PORT MOODY INVESTMENT / DEVELOPMENT SITE RETAIL/OFFICE SPACE
INLET STATION
ST. JOHN ST
SALE SALE SALE SALE
866 East Broadway, Vancouver, BC 316 Gower Point Road, Gibsons, BC 3227 St Johns St, Port Moody, BC 133 & 135 East 3rd Street, North Vancouver, BC • 33’ x 122’ lot in newer residential neighbourhood. • 1800 SF Restaurant/Commercial Space. • Approx. 5 min walk to Inlet Center Skytrain Station • Commercial/Residential Development • RM-4N Zoning • Plus 3 Bdrm And 1 Bdrm Rental Suites • Potential 6 storeys mixed-use area • 133: 1,084 SF - Price: $1,190,000 • 6-suite apartment building with 2,013 square foot • C5 Downtown Commercial Zone 5 • Site size: 16,890 sf • 135: 1,114 SF - Price: $1,280,000 of ground floor commercial space • $3,200,000 • Price: $ 1,599,000 • Price: $5,000,000 Dan Schulz* & Chris Winckers 778.999.5758 Dan Schulz*, Mark Hagedorn*, Marion Meyer Fay Tseng 778.881.6204 Mark Hagedorn* 604.714.5524
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice. *Personal Real Estate Corporation macdonaldcommercial.com OCTOBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A5
355 Burrard Street, 14th Floor Vancouver, British Columbia V6C 2G6 +1 604 998 6001 jll.ca INVESTMENT PROPERTIES FOR SALE 4979 47A Avenue 1727 Williams Street 1555 Jubilee Avenue 7110 Linden Avenue Ladner, BC Vancouver, BC Victoria, BC Burnaby, BC
NEW LISTING NEW LISTING NEW LISTING FOR SALE
• Well managed 24 unit • Located in a rapidly • Turn-key legacy apartment • Located in the heart of • 21 unit centrally located • Opportunity to maintain • 30 units in the established • 3 bedroom, 2 bathroom building growing community building vibrant Commercial Drive apartment building near 1%"&+ /"!& )" 0%Ɲ,4,/ community of Highgate penthouse unit • Two massive penthouse • Street-to-street frontage of • 10 spacious two bedroom • All major capital upgrades Royal Jubilee Hospital reposition the asset • Located on 26,000+ s.f. suites 150 feet suites completed [email protected] [email protected] [email protected] [email protected] Dow Avenue Assembly 510 Yates Street 3819 Cambie Street 360 East 14th Avenue Burnaby, BC Victoria, BC Vancouver, BC Vancouver, BC
FIRM FIRM FIRM SOLD
• 3 lot assembly in • Total of 54,555 square feet • Waterfront brick heritage • /,2+!Ɲ,,//"01 2/ +1 • Centrally located in • Desirable mix of spacious • 28 unit value-add • Large lot in heart of trendy Metrotown building 4&1%Ǘ+! +!ǘ/!Ɲ,,/ Cambie Village unit types apartment building Mount Pleasant • Located in Victoria’s ,ƛ& "0- "0 • 220m from King Edward • Revenue upside and downtown core • 100% leased Canada Line Station value-add opportunity [email protected] [email protected] [email protected] [email protected] INDUSTRIAL AND LAND FOR SALE IntraUrban Rivershore 1600 - 1610 Derwent Way Wilson & Whitaker Road 2460 Viking Way Richmond, BC Delta, BC Courtenay, BC Richmond, BC FOR SALE FOR SALE FOR SALE FOR SALE
• Waterfront strata units • ESFR Sprinklers • Industrial strata space • Concrete tilt-up • Land for sale • Outdoor/recreational • 34,945 s.f. freestanding • 1 grade loading door • Flexible unit sizes • T5 lighting • Units starting at 3,200 s.f. construction • 3.7 acres - 8.7 acres opportunities 4 /"%,20"ȡ,ƛ& " 2&)!&+$ • 26’ warehouse ceiling • Dock and grade loading • Fraser River views • Dock level loading • T5 lighting • Hydro at lot line • Close to amenities • Situated on 1.50 acres height • 26’ ceiling height • Central urban location • Dock levelers • Central location • Beach access • CR-1 zoning • 4 dock loading doors • ESFR sprinklers [email protected] [email protected] [email protected] [email protected]
)1%,2$%&+#,/* 1&,+% 0 ""+, 1 &+"!#/,*0,2/ "0!""*"!/")& )"Ǿ4+"/Ǿ ,+"0 +$ ))"Ǿ +!ȡ,/1%"&//"-/"0"+1 1&3"0Ǿ /,("/0,/ $"+10* ("+,$2 / +1""0 01,1%" 2/ 6,#1%"&+#,/* 1&,+ ,+1 &+"!%"/"&+Ǿ +!,ƛ"/1%"/,-"/164&1%,21"5-/"00,/&*-)&"!4 // +1&"0,# +6(&+!ǽ%"/,-"/16* 6 "4&1%!/ 4+4&1%,21+,1& "ǽ #1%"/" &-&"+1,#1%&0&+#,/* 1&,+% 00&$+"! ,+Ɯ!"+1& )&16 $/""*"+1/"$ /!&+$1%&0* 11"/Ǿ1%&0&+#,/* 1&,+&002 '" 11,1%"1"/*0,#1% 1 $/""*"+1ǽȪǗǕǖǜǽ ,+"0 +$ ))"ǽ))/&$%10/"0"/3"!ǽ
Vancouver 604.736.5611 MACDONALD COMMERCIAL Fraser Valley 604.542.2444 REAL ESTATE SERVICES LTD. [email protected]
VICTORIA LANDMARK PUB & LIQUOR STORE VANCOUVER ISLAND NANAIMO INDUSTRIAL / LIVE WORK VICTORIA COMMERCIAL / MULTI-FAMILY
SALE SALE SALE SALE
Thriving Businesses, Land and Building Brand New Retail / Residential Building Nanaimo, BC Price: $1,250,000 Three Story Building Price: $2,900,000 nd • Lease Income from 2 floor Offices • Liquor Store (LRS) on Main • (2) Warehouses on 11,625 SF Lot • +/- 2,590 SF Retail on Main • Building +/- 9,542 SF Lot Size +/-25,619 SF • 3 Residential Suites Up • (2) 14 FT Overhead Doors: portion w/20 FT ceilings • (3) 2-Bedroom & (1) 1-Bedroom • OCP Mixed Use - Commercial / Multi-Family • Pro-Forma 14% Combined Cap. Rate • Upper Floor One-Bedroom 930 SF Apartment • Bldg 7,828 SF / Lot 7,474 SF • Price: $4,350,000 • Price: $4,195,000 • Steel Building Built in 2004 Hans Van de Kamp 250.704.8275 Hans Van de Kamp 250.704.8275 Hans Van de Kamp 250.704.8275 Hans Van de Kamp 250.704.8275
LOWER MAINLAND DEVELOPMENT SITES DEVELOPMENT SITE IN LAKE ERROCK FOR SALE MissionMMi ion Vancouver LOUGHEEDLake HIGHWAY Errock FRASER VALLEY PARCEL G
DEVELOPMENT LAND Mission PARCEL D LOOKING FOR 124 Acres Lake Errock SALE DEVELOPMENT LAND “MISSION” • Potential Development - Zoned to allow 10-acre Development Site parcels (potential 12 X 10-acre Lots) • Land in neigh- Have buyers looking for small acreage development sites. Under $15,000/ acre bourhood rezoned and subdivided into 5-acre parcels Seeking land suitable for subdivision into small acreage (potential 20- 5-acre lots)• Neighbouring property home sites RU-16 seeking rezoning for single family lots. • 15 miles from Bob Scragg* 604.290.2906 Bob Scragg* 604.290.2906 Central Mission, off Lougheed Highway on route to Taylor Scragg 604.773.7873 Taylor Scragg 604.773.7873 Harrison Hot Springs •Asking price $1,900,000 *Personal Real Estate Corporation macdonaldcommercialmacdonaldcommercial.com.com A6 | LOWER MAINLAND WESTERNINVESTOR.COM | OCTOBER 2017 Job numbers great; government reaction not so much COMMENT | B.C., Manitoba are among provinces close to full employment, but record gains convince PUBLISHER: Janai York Ottawa to raise interest rates and crack down on the very sector creating the most jobs EDITOR-IN-CHIEF: Joannah Connolly EDITOR: Frank O’Brien he current Canadian job sector right now is self-employed on the North American Free Trade CONTRIBUTING WRITERS: Tanya Commisso, numbers are impressive. WESTERN workers, including often under- Agreement. Andrew Duffy, Geoff Kirbyson, Glen Korstrom, British Columbia has seen PERSPECTIVE paid workers in family businesses, Ottawa appears to have for- Tyler Nyquvest, Frank O’Brien, Ken Withers T PROOFREADER: Meg Yamamoto the jobless rate fall to 5.1 per cent which were responsible for the gotten why business owners are PRODUCTION: Darko Isic, Arslan Sultan and Manitoba leads the nation full increase in total employment taxed differently. They don’t ADVERTISING SALES: Behrouz Habibi, with a 4.9 per cent unemploy- After the Bank of Canada over- in August, according to a study by enjoy the usual array of benefits David Witherspoon ment rate, both indicators of full night lending rate was jacked up Dominion Lending Centres. that an employee gets, especially ADVERTISING SALES CO-ORDINATOR: Angela Foster CIRCULATION: Angela Foster employment. Across the country, from 0.5 per cent to 1 per cent over And it is this sector that is now a government worker. Things like NEWSSTANDS: Globe Distribution Services 22,200 jobs were added in August, the past two settings, many ana- in the gun sights of the federal a pension or health benefits or PRINTED: In Canada at Kodiak the ninth consecutive month of lysts believe the stage is set for an- Finance Ministry, which is pre- vacation pay. Plus they took all of Western Investor is published monthly by employment gains, which drove other rate increase on October 25. paring to launch the most radical the risk to get that business start- RE Weekly Limited Partnership the national unemployment rate Such a move is meant to reduce tax overhaul in 50 years. ed, often putting their personal VANCOUVER HEAD OFFICE: 303 West 5th Avenue, Vancouver, B.C. V5Y 1J6 to 6.2 per cent, the lowest since consumer spending, especially in The plan to add a new tax on assets on the line to get a loan. SUBSCRIPTIONS AND ADVERTISING SALES: prior to the financial crisis of the housing market and other big- investment income in a cor- Furthermore, their tax-paying Tel: 604-669-8500 Fax: 604-669-2154 2008. ticket buys, but it will create a drag poration, along with tough new employees depend on the com- Canada/U.S. toll-free: 1-800-661-6988 This reflects Canada’s stunning on the entire national economy. rules for compensation within pany to provide sustainable, paid Canadian publications mail product sales agreement second-quarter GDP growth of a Some economists expect the a family business, comes at a employment even when sales or #40069240, GST #105655567 Copyright 2017. While every effort is made to whopping 4.5 per cent, making it benchmark overnight interest time when businesses are being demand is slumping. ensure the accuracy of articles and advertising the fastest-growing economy in rate to rise 100 basis points to 2 bombarded by unsustainable Canada’s current economy and that appear in each edition of Western Investor, the Group of Seven. per cent by the end of 2018. increases to minimum wages, job generation is the envy of the the publisher may not be held responsible for any But the sterling job perform- But there is another move that rising energy costs, higher loan world. This is not the time to be errors or omissions that may from time to time ■ occur. No part of this publication may be reprinted ance has enticed Ottawa to both will have an even greater negative rates, carbon taxes and increases threatening that success. in any medium without the express written raise interest rates and, strangely, effect on Canada’s employment to pension plan and employment permission of RE Weekly Limited Partnership. attack the one sector that is gen- picture. premiums, to say nothing of the FRANK O’BRIEN | Editor erating the most employment. fears attached to renegotiations [email protected] The biggest job-generating ADVERTISING DEADLINE NOVEMBER 2017 issue: NEXT MONTH: FIVE TOP CITIES FOR REAL ESTATE INVESTORS; SKI RESORTS; TRANSIT AND REAL ESTATE October 10, 2017
HQ COMMERCIAL 320 - 1385 West 8th Ave www.hqcommercial.ca Vancouver, BC V6H 3V9 office 604 899 1122
MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY SOLD NEW NEW
655 POPLAR ST, NANAIMO 2215 E HASTINGS ST, VANCOUVER 2778 E HASTINGS ST, VANCOUVER 3591 OAK ST, VANCOUVER 275 EAST 13TH AVE, VANCOUVER 55-suite apartment building Newer 37-suite apartment building with Newer 34-suite apartment building with 26-suite co-op apartment building Well maintained 23-suite building Renovated & well located; 4.3% cap rate ground level commercial** ground level commercial** 132’ x 120’ lot. Shaughnessy area 99’ x 122’ lot (12,078 SF) Call agent $21,800,000 $18,500,000 $18,500,000 $10,750,000
David & Mark Goodman*, Cynthia Jagger* David & Mark Goodman*, Cynthia Jagger* David & Mark Goodman*, Cynthia Jagger* David & Mark Goodman*, Cynthia Jagger* David & Mark Goodman*, Cynthia Jagger*
**Can be purchased together (total 71 suites)
MULTI-FAMILY DEVELOPMENT DEVELOPMENT DEVELOPMENT DEVELOPMENT NEW SOLD
1555 E 1ST AVE, VANCOUVER JOYCE-COLLINGWOOD, VANCOUVER 210A EVERGREEN DRIVE, PORT MOODY 13265 104TH AVE, SURREY 5291 IMPERIAL ST, BURNABY 13-suite apartment building located in Mixed-use redevelopment site Development Site with holding income 1.41 acres future development site Mixed-use development site the Grandview-Woodlands neighborhood 132’ x 105’ (13,860 SF) 7.17 acres Currently 57-unit apartment building 9,288 SF site; 2.2 FSR Call agent $22,888,000 $32,500,000 $14,000,000 Call agent
Darryl McColl David & Mark Goodman*, Cynthia Jagger* Dean Thomas*, Ashley Osborn* Dean Thomas* Sam Emam*
OFFICE OFFICE OFFICE/RETAIL OFFICE/RETAIL RETAIL NEW NEW NEW NEW
4126 NORLAND AVE, BURNABY 203-758 COPPING ST, NORTH VAN 125-1058 MAINLAND ST, VANCOUVER 1376 & 1378 W PENDER ST, VANCOUVER 3446 & 3450 W BROADWAY, VANCOUVER 3-storey office & 2 level parking Harbourside’s newest development Located in the Yaletown Galleria Prime Coal Harbour location Excellent opportunity to acquire 2 strata 35,565 SF site Second floor office space; 528 SF Bright south east corner strata unit Large glass store front appeal unit investment $10,475,000 $24.00 PSF, per annum $1,288,000 $45.00 PSF, per annum $1,290,000
Patricia Wong Chong Scott Smith Dean Thomas*, Scott Smith Dean Thomas* Tammy Lam
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice. *Personal Real Estate Corporation OCTOBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A7
A Different Approach to Real Estate Solutions avisonyoung.com 604.687.7331
FOR SALE: Eminata Centre | 11125 – 124th Street, Surrey, BC FOR SALE: 8804 – 8828 Osler Street, Vancouver, BC
t _ TGNVMUJUFOBOUDPNNFSDJBMCVJMEJOH t &YDFMMFOUNFEJVNEFOTJUZSFEFWFMPQNFOUPQQPSUVOJUZ t 4JUVBUFEPOBDSFTPGMBOEOFYUUP4DPUU3PBE4LZ5SBJOTUBUJPO t TGPGMBOETVQQPSUJOHEFOTJUZPG'43 t 5SFNFOEPVTIPMEJOHJODPNF t *NQSPWFEXJUIBO TGUXPTUPSFZDPNNFSDJBMCVJMEJOH t &YDFQUJPOBMGVUVSFSFEFWFMPQNFOUQPUFOUJBM XJUIIPMEJOHJODPNF Bal Atwal* / Glenn Gardner* / Michael Farrell Bal Atwal* FOR SALE: 422 Sixth Street, New Westminster, BC FOR SALE: 1164 Robson Street, Vancouver, BC
t TGTUPSFZPóDFCVJMEJOH t #JEEBUF0DUPCFSUI t TGNJYFEVTFIJHISJTFTJUF t &YUSFNFMZSBSFPQQPSUVOJUZUPQVSDIBTF t &YDFMMFOUMPOHUFSNMFBTFPOPGUIFøPPST t &YDFMMFOUGSPOUBHFBOEFYQPTVSF t 1SJDF t &BTJMZBDDFTTJCMFCZDVTUPNFSTPOGPPU WFIJDMFBOEUSBOTJU Josh Sookero* Daniel Lee* / Robert Gritten / Layla Vera FOR LEASE: 353 Railway Street, Vancouver, BC FOR SALE: 3207 & 3217 Main Street, Vancouver, BC
t TRVBSFGPPUSFUBJMPóDFEFWFMPQNFOUJOWJCSBOU3BJMUPXO t TGEFWFMPQNFOUTJUF Y t 6OPCTUSVDUFEBOEQSPUFDUFEXBUFSBOENPVOUBJOWJFXT t 1SJNFDPSOFS.BJO4USFFUMPDBUJPO t 1SJWBUFOPSUIBOETPVUIUFSSBDFTPOFBDIøPPS t 4UVOOJOHWJFXTPGUIF$JUZBOE/PSUI4IPSF.PVOUBJOT t "WBJMBCMF4VNNFS Jake Luft / Justing Omichinski* / Nabila Lalani Struan Saddler* / James Shandro FOR SUBLEASE: Golden Ears Business Park, Pitt Meadows, BC FOR SALE: 31786 Marshall Road, Abbotsford, BC
t TG t BDSFJOEVTUSJBMTJUF t *-JHIU*OEVTUSJBM#VTJOFTT1BSL t 'JOBMTVCEJWJTJPO [POJOHBOETFSWJDFTUPCFEFMJWFSFECZUIFWFOEPS t -PBEJOH%PDL(SBEF t &YQPTVSFBMPOH.BSTIBMM3PBE t 1SPGFTTJPOBMMZöOJTIFEPóDFT t "TLJOHQSJDF QFSBDSF John Lecky / Ben Lutes Michael Farrell / Layla Vera FOR SALE: 1369 – 1377 Kingsway, Vancouver, BC FOR SALE: 14195 256th Street, Maple Ridge, BC
t TGNJYFEVTFEFWFMPQNFOUPQQPSUVOJUZ t BDSFT[POFE." t -PDBUFEJOUIFIFBSUPGUIF,JOHTXBZ$PSSJEPS t 4JHOJöDBOUHSBWFMBOEUJNCFSSFTPVSDFT t $MFBO1IBTF&OWJSPONFOUBMBWBJMBCMF t 'VUVSFJOEVTUSJBMEFWFMPQNFOUQPUFOUJBM t "TLJOH1SJDF Michael Buchan* / Robert Greer* Gord Robson / Michael Farrell FOR LEASE: Campbell Heights West Buisness Park, Surrey, BC FOR LEASE: 350 East Esplanade, North Vancouver, BC
t /FX*OEVTUSJBMTQBDFGPS-FBTF t #SBOEOFXNPEFSOJOEVTUSJBMTQBDFGPS-FBTF t 'SPN TGVQUP TG t 3BOHJOHGSPN TGVQUP TG t $PNJOH t 1SJNFMPDBUJPOXJUIVOPCTUSVDUFEWJFXTPG#VSSBSE*OMFU BOEEPXOUPXO7BODPVWFS Garth White* / Joe Lehman / Mat Sunderland Matt Thomas / Nestor Fourik FOR LEASE: 9347 200A Street, Langley, BC FOR SALE: Fort St John & Dawson Creek Portfolio
t #SBOEOFXPóDF DPNNFSDJBMBOEJOEVTUSJBMTQBDF t 5ISFFSFOUBMBQBSUNFOUCVJMEJOHTJO'PSU4U+PIOUPUBMJOHTVJUFT t 'SPN TGVQUP TG t 5XPSFOUBMBQBSUNFOUCVJMEJOHTJO%BXTPO$SFFLUPUBMJOHTVJUFT t &YQPTVSFUPUI4USFFUXJUIQZMPOTJHOBHF t "MMQSPQFSUJFTNVTUCFTPMEUPHFUIFS t $PNJOH2 t $PMJTUFEXJUI$PMMJFST Joe Lehman / Garth White* Chris Wieser / Robert Greer* / Carey Buntain FOR SALE: 5100 Silver Star Road, Vernon, BC FOR SALE: 2177 Wall Street, Vancouver, BC
t TGGVMMZMFBTFEJOWFTUNFOUPQQPSUVOJUZ t VOJUSFOUBMBQBSUNFOUCVJMEJOH t BDSFTJUFXJUITVCEJWJTJPOQPUFOUJBM t 7BMVFBEEPQQPSUVOJUZXJUIEFWFMPQNFOUQPUFOUJBM t "TLJOH1SJDF t TRVBSFGPPUMPU t DBQJUBMJ[BUJPOSBUF t '43BMMPXTGPS TGPGHSPTTEFOTJUZ BTQFSUIF0$1 Russ Bougie* / Steve Laursen* Robert Greer* / Carey Buntain / Chris Wieser FOR SALE: 8302 Main Street, Osoyoos, BC SOLD: 1104 Haro Street, Vancouver, BC
t 1SFNJFS.BJO4USFFU-PDBUJPO t TGDPSOFSEFWFMPQNFOUTJUFMPDBUFEJOUIF8FTU&OE t 4USPOHNJYPGMPDBMBOESFHJPOBMSFUBJMUFOBOUT SOLD PGEPXOUPXO7BODPVWFS t 6OJRVFSFEFWFMPQNFOUQPUFOUJBM t 3.#[POJOH t "TLJOH1SJDF t "WJTPO:PVOHSFQSFTFOUFEUIF7FOEPS Derek Lee / Bill Elliott Michael Buchan* / Robert Greer*
*Personal Real Estate Corporation
E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young. A8 | LOWER MAINLAND WESTERNINVESTOR.COM | OCTOBER 2017
RESULTS DRIVEN. 604 684 8844
COMMERCIAL REAL ESTATE SERVICES www.kleingroup.com
RETAIL STRATA FOR SALE / LEASE SALE/LEASE/BUILD TO SUIT | BLAINE WA NEW WESTMINSTER BC DEVELOPMENT OPPORTUNITY | QUESNEL BC
•C-4 Highway Commercial VANCOUVER 1HR NORTH •Prime Location (Located Next to City of Blaine :DO0DUW([WUD)RRGV 5RQD •2 Lots Available (9.9 - 12.3 Acres) 70% LESS THAN GVRD INDUSTRIAL LAND PRICES •+LJK7UDIûF$UHDQH[WWR6N\7UDLQ [EUGEN KLEIN, CHRIS HAYNE] •1,213 SF, One Parking Spot 176TH ST •$629,000 or $26 / SF [RAMAN BAYANZADEH, SUMIR CHAUHAN] CALL FOR DETAILS
SEATTLE 2 HRS SOUTH RETAIL STRATA FOR SALE NORTH VANCOUVER BC RESIDENTIAL DEVELOPMENT LAND | QUESNEL BC •15,000 SF - 1,000,000 SF Buildable; 3.98 to 74 Acre Site Available - Build Ready! •RS-1 Single Dwelling Residential •6)&RQWLJXRXV6LQJOH6LWH)XOO([SRVXUHWR+LJKZD\,DQG65 •Prime Location (Close to Downtown, •$230,000 to $280,000 USD per Acre; $6.00 - $7.00 / SF Lease Rate on New Build to Suit Schools and Recreation) •%LQGLQJ6LWH3ODQ7UDIûF6WXG\:HWODQG0LWLJDWLRQ$UP\&RUSV '2($SSURYHG •3 Parcels Available (8.3 - 23 Acres) •8VHV 7HFK&DPSXV2IûFH0HGLFDO5HWDLO0DQXIDFWXULQJ'LVWULEXWLRQ:DUHKRXVLQJ Cold Storage, Free Trade Zone [EUGEN KLEIN, RAMAN BAYANZADEH, DEAN THOMAS] •+LJK7UDIûF/RQVGDOH([SRVXUH [EUGEN KLEIN, CHRIS HAYNE] •890 SF on Lower Lonsdale near W 3rd
•Fully Improved with Washroom
$900,000 - 12,900,000 USD •$950,000 [RAMAN BAYANZADEH, POURIA NIKRAVAN] CALL FOR DETAILS
PRINT & MEDIA COMPANY FREESTANDING BUILDING RETAIL FOR LEASE FOR SALE ABBOTSFORD BC VANCOUVER BC MULTIPLE OFFICE UNITS FOR LEASE | DELTA BC
•8035 120th Street (Scott Road) •&RUQHU([SRVXUH+LJK7UDIûF •Up to 6 Units Available
•620 SF - 2500 SF, Free Customer Parking
•Tenant Incentive Packages Available •+LJK3URûOH&OLHQWHOH •Located on Clearbrook Road •Located in the Heart of Kitsilano [SUMIR CHAUHAN, RAMAN BAYANZADEH] •2016 Sales Over $3,000,000 •14,000 SF of Land, 8,836 SF Building •1,714 SF, 2 Parking Spots
•Seller’s Disc. Cash Flow $560,000 •2 Storey Mixed Use - Income Property •$37 / SF
•$1,390,000 [RAMAN BAYANZADEH, SUMIR CHAUHAN] •Principals Only [SUMIR CHAUHAN] [RAMAN BAYANZADEH, POURIA NIKRAVAN] $19 / SF
FREE STANDING BUILDING DEVELOPMENT LAND FOR SALE RETAIL PROPERTY FOR SALE- MULTIFAMILY INVESTMENT FOR SALE | SURREY BC VANCOUVER BC COQUITLAM BC NORTH VANCOUVER BC
•13245 104th Avenue
•Located next to Surrey Central
UNDER CONTRACT •41 Units Strata Titled (1 and 2 Bdrm) JUST LISTED
•1.34 Acre Site, Future Redevelopment
•Principals Only, No Vacancy [EUGEN KLEIN] •6,300 SF Lot with 2.5 FSR, Principles Only •Great Development Opportunity •Prime Corner Location on Marine Drive •Two Storey Building with 55’ Frontage •18,365 SF , Potential 1.05 FSR •For Investors or Owner Occupiers •+LJK7UDIûF$UHD)UDVHU6WUHHW •OCP Designation of C-2 •$3,999,000 $9,880,000 •$4,300,000 [RAMAN BAYANZADEH, KEVIN CHIANG] •$3,500,000 [EUGEN KLEIN] [POURIA NIKRAVAN, RAMAN BAYANZADEH]
MULTIFAMILY INVESTMENT MOBILE HOME PARK FOR SALE MOBILE HOME PARK FOR SALE MOBILE HOME PARK FOR SALE | FORT ST JOHN KITSILANO BC ROCK CREEK BC MACKENZIE BC
COMING SOON
•Blocks from Kits Beach •3.19 Acres, Low Vacancy •120 Pads, 14% Potential Cap
•10 Suites, Recently Renovated •15 Pad, Dual Road Access •Close to Town Centre, Town Services
•Held for Two Generations •9.1% Cap Rate •Principles Only
•Rarely Available [EUGEN KLEIN] •$549,000 [EUGEN KLEIN, CHRIS HAYNE] •$2,400,000 [EUGEN KLEIN, CHRIS HAYNE]
MOBILE HOME PARK FOR SALE CLEARWATER BC MOBILE HOME PARK DEVELOPMENT •34.5 Acres •70+ MHP and 25+ RV Rental Lots •70 Mobile Home Pads and 14 RV Pads •Northern BC / Port Community •([SDQVLRQ3RWHQWLDODQG1R9DFDQF\ SOLD •High Demand (Avg. $550 / Pad) •Close to Downtown Fort St. John, Great Highway Access •Projected 40+% Return, Won’t Last! •On Track to Gross over $370,000 this Year [EUGEN KLEIN, CHRIS HAYNE] •6.85 Acres, Low Vacancy [EUGEN KLEIN, CHRIS HAYNE] •14 Pads plus 2 Residential Buildings
•City Water, Potential 12% Cap
CALL FOR PRICING •$550,000 [EUGEN KLEIN, CHRIS HAYNE] $3,850,000
Raman Bayanzadeh Sumir Chauhan Kevin Chiang Chris Hayne Eugen Klein Pouria Nikravan Sally So Dean Thomas Eric Wu David Xin Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Investment & Leasing Investment & Land Investment Investment Investment Investment & Leasing Investment & Land Investment & Land Investment Investment Royal LePage Sussex, Klein Group | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com OCTOBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A9
Vancouver Office: 604 683 7535 TF: 1 866 717 6989 Langley Office: 604 534 7974 TF: 1 800 890 9855 naicommercial.ca Realizing Potential, Delivering Results.
Looking for experienced SOLD commercial agents! NAI Commercial is a full service commercial brokerage looking to expand our team! Sunshine Woods Golf Centre 4th most recognised commercial real estate 10646 64th Avenue Industrial Land & Buildings firm in the world. Delta, BC 2900 Pooley Avenue, Merritt, BC 5 offices in British Columbia, 400 offices and 18-hole, par 3 golf course Split zoned C-5 & A-1 6.04± acres on the corner of Pooley Ave & Nielson St 7,000 local experts around the globe. 26.9-acres (in the ALR) Zoned M-1 (Light Industrial) Located just off of 91 Hwy Sold for $4,500,000 Call or e-mail to find out more: 6,648-sf main building, including 3,920-sf maintenance Conor Finucane* & Marc Soo shop with approximately 24 ft ceiling height Rob DesBrisay 604 691 6604 | 604 691 6637 Reinforced poured concrete foundation, with overhead 3 604 691 6602 | [email protected] [email protected] | [email protected] ton rail crane, large vehicle hoist, lunch room & bathroom Also 2,728 sf of office space (1,314 sf per floor) For Sale in Kamloops Other buildings include storage shed 16 x 24, wash shed of 131 sf and Quonset shed 30 x 39 without foundation 12-Unit Apartment Building Good possibilities for subdivision Kamloops, BC Extensive renovations Asking: $1,550,000 Central location near shopping & transit Nicola Lake Development Acreage Strata Retail For Sale Asking: $1,450,000 276 acres of Nicola Lake development land in 2 titles st 51-Acre Riverfront Land 41 Avenue Strata Retail Full community services available Vancouver, BC Kamloops, BC One of the last large pieces of land in Kamloops on RL-1 zoning allows for 62 multi-family residential units Stable tenant 3% net return at Incredible lake views with excellent lake access asking price the South Thompson River Asking: $1,468,000 Asking: $6,900,000 Asking: $2,100,000 Rick Lui* Michael Marckwort Chris Langhaug 604 644 6182 | [email protected] 604 691 6638 | [email protected] 604-240-6224 | [email protected]
Development Site For Sale Westside Development Site Successful Turnkey Business C-2 Commercial zoning with 35,198-sf Anchor Unit 30,440 sf buildable Kamloops Industrial Site Unit 16, 228 Schoolhouse Street, Coquitlam, BC Asking: contact agent Kamloops, BC 35,198-sf anchor unit Zoned CS-1 The last large industrial All services nearby. Ready Great revenues parcel in Kamloops. to go. Reduced Price: $7,690,000 Apartment, Warehouse & Land Potential to subdivide into Seller may consider 4 x 5 acre parcels. trades. Asking: $5,950,000 Two Apartment Buildings 2222 Balsam Avenue Kamloops, BC Quesnel, BC Office Strata Sold 72 units total 4 acres, 14,000 sf Viking Way, Richmond Asking: contact agent Holding income Investment opportunity – I3 zoning Asking: $900,000 long-term tenant 1,637 sf Three Suncor Sites Good leaseholds in place Wal-Mart Excess Lands Asking: $439,888 Interior BC Sun Rivers Resort Community 18,500 sf Quesnel, BC Office Space For Lease Kamloops, BC 28,000 sf Five acres Over 1,000 units remaining Includes 5.59 acres of 21,500 sf Baytree Centre, Langley City Asking: $1,750,000 Drone video: mixed-use development Spaces available from Ample parking youtu.be/j2hnRIaVkp4 land Asking: contact agent 520 sf up to 8,000 sf Move-in ready Asking: From $15.00 psf, NNN Asking: Please contact agents Gary Haukeland* & J-D Murray Peter A. Seed, BA. DIPL. TECH Ted Weibelzahl 604 514 6825 604 691 6693 | 604 691 6664 604 691 6608 Toll-Free: 1-800-890-9855 [email protected] [email protected] | [email protected] [email protected]
Businesses For Sale
Laser Equipment Distributor, Relocatable $899,000
Will Your Business Be Ready Profitable Automotive Supermarket & Outdoor Store - Includes real estate, Quesnel, BC $749,000 To Sell When You Are? Repair Business Architectural Millwork & Cabinetry, Surrey, BC $299,000 Same Location for more than 25 years For a Confidential South Surrey/White Rock, BC Wholesale Distribution Business, National Sold Consultation, Call: Business: $325,000 Irrigation Service & Maintenance, Lower Mainland, BC Sold Property (5% + Cap Rate): $840,000 John McLeod, CBI CVB Asking: $325,000 Marion Van Keken-Rietkerk*, CBI MBA 604-230-9941 | [email protected] 604-617-8118 | [email protected]
*All asterisks indicate Personal Real Estate Corporation
VANCOUVER LANGLEY VICTORIA NANAIMO KELOWNA A10 | LOWER MAINLAND WESTERNINVESTOR.COM | OCTOBER 2017 Property management retools to meet complex demands COVER | Tier 1 property managers tap international expertise, latest technology to boost rental income for Canadian landlords and investors
business, I haven’t seen anything “slow, outdated tools and pro- By FRANK O’BRIEN like it,” he said. “It is very client cesses,” she said. [email protected] focused. It is very sophisticated “There are many opportunities and collaborative.” For example, for technology to be used in the during recent negotiations on a buildings, such as new parking t is the strength of JLL’s inter- complex, mixed-use Canadian technology including licence national network that allows project, JLL flew in manage- plate recognition, digital dir- Ron Fiell to run the company’s I ment professionals and engin- ectories, building automation new Canadian property manage- eers from its Boston office, with systems, smartphone apps for ment division from Calgary. specific experience, for the client occupants, and emergency com- “Why Calgary? Everybody meetings. munication systems. We are asks that question,” joked Fiell, “The key,” Fiell said, “especially always exploring ways to use a career property management for third-party investors that we technology. Many new tenants professional in Alberta who was often deal with, is making sure entering the Vancouver market named manager of JLL’s national they don’t lose value, keep their are high-tech businesses so they property management services tenants happy and build on that.” have an expectation that mod- group this year. JLL is strictly focused on com- ern technologies will be used in Certainly, the Calgary en- mercial real estate. “We don’t do the buildings they occupy,” she vironment should sharpen Fi- residential,” Fiell said, explaining explained. ell’s approach to managing the 58 that even on mixed-use projects Heieis said the complicated million square feet of commer- that involve condominiums or nature of modern commercial cial real estate that JLL currently apartment rentals, the company real estate has led to a shortage controls across Canada, in both will turn the residential manage- Lesley Heieis, Colliers International vice-president and head of its B.C. of property management profes- property and asset management. ment over to other companies. property management division: “Everything we do is geared toward sionals and building operators “It’s a horrible market down- He agreed that this stance could maximizing asset performance.” | CHUNG CHOW in B.C. To this end, Colliers Uni- town [in Calgary] right now,” prove a handicap in the Vancou- versity offers staff training at no Fiell said of his hometown, with ver market, where mixing resi- and retail space across Canada, focus on increasing rental income cost. office vacancy rates in the mid-20 dential with virtually every form including 5.3 million square feet for its clients. “Everything we As for the fees associated with per cent range and the industrial of commercial and industrial real in Metro Vancouver. do is geared toward maximizing commercial property manage- sector struggling. He said the estate is common. “More than half of our portfolio asset performance.” ment, Fiell said they are well Calgary imperative of retaining “We are concentrating on Al- is managed on an integrated basis This can include recommending below the 8 per cent to 10 per cent both tenants and asset cash flow berta and Ontario,” he conceded. with leasing and other service renovations or adding amenities range seen in the residential sec- could help in other cities that may “Vancouver is a difficult market lines such as project manage- to generate higher rental rates, tor, and are often negotiated on a experience challenges. But Fiell to get into. There are some very ment and tax consulting,” ex- energy management to reduce project-by-project basis. added that JLL, which manages good property management firms plained Lesley Heieis, Colliers operating costs, and even “a com- Fees are typically a percentage four billion square feet of space out there.” vice-president and head of its plete repositioning of the asset in of gross or net revenue depending globally – 400 million square feet Among its Tier 1 Vancouver B.C. property management div- the marketplace.” Colliers pro- on the size and type of property, in the U.S. – has property man- competitors is Colliers Inter- ision. “Our asset advisory servi- vides a 24-7 service centre so it Heieis said. But “in many cases agement experts in each major national, ranked second in B.C. ces is a unique offering that fully can react to any after-hour calls we are flexible. For example, a Canadian city who can tap into behind Bentall Kennedy as the integrates the service lines and or emergencies, she noted. new development might have a JLL’s worldwide expertise for as- biggest commercial property provides the client with a single Colliers also leans on the latest phased fee structure as it transi- sistance, advice and technology. management firm in B.C. point of contact at no additional technology to boost asset per- tions from being under construc- “JLL has an exceptional plat- Colliers manages 55 million cost.” formance. Modern management tion to an income-producing form. In my 20-plus years in the square feet of office, industrial Heieis said Colliers keeps a tight can’t get bogged down with asset.” ■ OCTOBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A11
“The Source” for Oceanfront, Lakefront, Islands, Ranches, Resorts & Land in BC www.landquest.com ® 604-664-7630 • 1-866-558-LAND (5263)
BEAUTIFUL OCEANFRONT ACREAGES BUTE ISLAND - LADYSMITH HARBOUR WILDERNESS RIM RESORT-CUSTOM EXECUTIVE HOME ON PRIVATE MANDALAY RANCH GALIANO ISLAND, BC VANCOUVER ISLAND, BC CRAFTED BY THE TIMBER KINGS SANCTUARY - SINKUT LAKE VANDERHOOF, BC
• 7KUHHDFUHDGMDFHQWORZEDQN • DFUHVLVODQGLQQDWXUDOVWDWH • :RUOGUHQRZQHGUHVRUWRQDFUHV • DFUHVZLWKIWRIODNHVKRUH • GHHGHGDFUHVLQGLYLGXDOWLWOHV RFHDQIURQWDFUHDJHVSOXVXSODQGORW • 6HYHUDOEHDFKHVVKHOWHUHGPRRUDJH DWWKHVKRUHVRI1LPSR/DNH • 3,200 ft2KRPHZLWKJRXUPHWNLWFKHQ • PLOHVRIIURQWDJHRQWKH6WXDUW5LYHU • 2XWVWDQGLQJVWUDLW PRXQWDLQYLHZV • /DUJHGRFNVKRUWERDWULGHWR/DG\VPLWK • &XVWRPEXLOWORJKRPHVFDELQV ORGJH OJSLFWXUHVTXHZLQGRZVRODULXP VDXQD • DPSSRZHU WHOHSKRQH • 2QO\NPIURPVDQG\EHDFKHVDW • 9DULHW\RIQDWLYHSODQWVÀRZHUV WUHHV • 5XVWLFWROX[XULRXVDFFRPPRGDWLRQV • IWVL[KRUVHEDUQFRUUDOVZDWHU • 7RQVRIJDPHLQFOXGLQJDODUJHKHUGRI 'LRQLVLR3RLQW3URYLQFLDO3DUN • 0DQ\SRVVLEOHEXLOGLQJVLWHV • )XOO\IXUQLVKHGWXUQNH\RSHUDWLRQ V\VWHPDQGIHQFHGSDVWXUHJUHHQKRXVH HONLGHDOODUJHSULYDWHKXQWLQJUHWUHDW • 3ULYDWHWUHHG'ULOOHGZHOOVDSSURYHGIRU • :DWHUOLFHQFHDQGIRUHVKRUHOHDVH • • 7KHODVWXQGHYHORSHGWURSK\ODNHIURQW • /DNHIURQWDJH • :HOOHVWDEOLVKHGDZDUGZLQQLQJDFUH • VHSDUDWHWLWOHV • 320 acres + 1,386 acre Crown lease SURSHUW\LQWKH2NDQDJDQ • 2,365 ft2KRXVHRQ%RKOHU6W YLQH\DUG • 52, DOORZVIRUFRZFDOISDLUV • 3ULYDWHDFUHHVWDWHRQEUHDWKWDNLQJ • 1XPHURXVUHQRYDWLRQV • 3,927 ft2KRPHFRPPHUFLDONLWFKHQ • &RPPHUFLDOOHDVHVSDFH • ,UULJDWLRQOLFHQFHVIRUDFUHV 6NDKD/DNHDPD]LQJEHDFK • *UHDW¿VKLQJND\DNLQJFDQRHLQJULYHU VHDWELVWURZLWKOLTXRUOLFHQFHZLQHVKRS • 5HVLGHQWLDO'HYHORSPHQW/DQG • (QGRIURDGVHWWLQJ&URZQODQGRQVLGHV • IHHWRIORZEDQNODNHIURQW UDIWLQJFDPSLQJ KLNLQJ • (YHQWSDYLOLRQZDUHKRXVHSURFHVVLQJ • 5HVRXUFHDQG$JULFXOWXUDO/DQG • 6KRSEDUQKD\VKHGFRUUDOV IHQFLQJ • =RQLQJDOORZVVXEGLYLVLRQRIXSWRORWV • $525,000 IDFLOLW\ HTXLSPHQW • DFUHPDWXUHFUDQEHUU\IDUP • 0DLQKRXVHZLWKSRRO UHYHQXH • PLQVWR3HQWLFWRQ $5,888,000 • $5,500,000 • $82,000,000 SURGXFLQJPRELOHKRPH $2,185,000 SAM HODSON 604-694-7623 MARK TURNER 604-768-9899 JASON ZROBACK 1-604-414-5577 JASON ZROBACK 1-604-414-5577 LIAM REIFEL 604-655-9370 Personal Real Estate Corporation [email protected] JAMIE ZROBACK 1-604-483-1605 JAMIE ZROBACK 1-604-483-1605 [email protected] MANUFACTURED HOME PARK OR DEVELOPMENT INVESTMENT ON DUTCH PRIVATE ISLAND OCEANFRONT HIGHGROVE ACRES PONDEROSA RESORT - DESIRABLE SUBDIVISION - DAWSON CREEK CITY LAKE - CLEARWATER, BC SIDNEY ISLAND NORTH PENDER ISLAND, BC LIFESTYLE - CANIM LAKE, BC INTERIOR • =RQHG56IUHHKROGPDQXIDFWXUHG • 57 acres - Land Use contract for 43 bare • (DV\ERDWDFFHVV VKHOWHUHGPRRUDJH • 7KUHHH[WUDRUGLQDU\DFUHORWV • %HDXWLIXOORJKRPHUHVLGHQFHRI¿FH KRPHRUVPDOOORWVXEGLYLVLRQ ODQGVWUDWDVLQJOHIDPLO\ORWV • ([SDQGHGGRFN EUHDNZDWHUSURWHFWLRQ • $OOZLWKRFHDQLVODQG PRXQWDLQYLHZV • 59VLWHVFDELQVSOH[FRQGR • )ODWHDV\WRGHYHORSDFUHV • 0DJQL¿FHQWYLHZVRI'XWFK/DNH • 3ULYDWHLVODQGZLWKDLUVWULS • 3DUWRIDQHZH[FOXVLYHORWVXEGLYLVLRQ • DFUHVZLWKIWRISULPHVDQG\ • +LJKGHPDQGIRUPDQXIDFWXUHGKRPH &OHDUZDWHU5LYHU QHDUE\PRXQWDLQV • )XOOWLPHFDUHWDNHU • 1HDUKLVWRULF+RSH%D\DPHQLWLHV JUDYHO\EHDFKDQGFU\VWDOFOHDUZDWHU SDGVDYHUDJHUHQWDO PRQWK • IHHWRIODNHIURQW • $FUHDJHVGHVLJQHGIRUYLHZV SULYDF\ • 'ULYHZD\VGULOOHGZHOOV EXLOGLQJVLWHV • 3DUNOLNHWUHHGSURSHUW\VZHHSLQJYLHZV • 6HUYLFHVWRORWOLQHZLWKVRPHLQWHUQDO • $QH[FHSWLRQDOGHYHORSPHQWRSSRUWXQLW\ • 0LOHVRIVDQG\EHDFKHVSRQGVWUDLOV • $395,000 to $399,000 • *UHDWERDWLQJ¿VKLQJRQPDMHVWLFODNH VHUYLFLQJLQVWDOOHG $400,000 • $600,000 • Starting from only $199,000 • $1,399,000 JOHN ARMSTRONG 250-307-2100 JOHN ARMSTRONG 250-307-2100 DAVE COCHLAN 604-319-1500 DAVE COCHLAN 604-319-1500 MARTIN SCHERRER 250-706-9462 [email protected] [email protected] [email protected] [email protected] [email protected] TRANQUILLE WATERFRONT ACREAGE COTTAGE AND 2 LOTS AT ONE PRICE BLUE DANUBE HORNBY ISLAND 878 ACRES SOUTH CARIBOO, BC DEKA LAKE - SOUTH CARIBOO HAIDA GWAII, BC TROPHY WATERFRONT 103 MILE HOUSE, BC • JHQWO\VORSHGDFUHV QRWLQ$/5 • Adjacent 100 x 200 ft lots, 0.47 acre ea. • DFUHVZLWKLQWKHERXQGDULHVRI • EHDFKIURQWDFUHV • DFUHVLQWZRWLWOHV • IW6IDFLQJ:HEE/DNHZDWHUIURQW • 1HZ¿QLVKHGWRORFNXS[IWFRWWDJH • 1DLNRRQ3URYLQFLDO3DUN • 7ULEXQH%D\3DUNDVQHLJKERXU • DFUHV DFUHV 584 acres in 9 titles • 6HUHQH SULYDWH &URZQODQGDGMDFHQW • DPSHOHFWULFLW\IRUFRWWDJH59 • NPHDVWRIWKHWRZQRI0DVVHW • IWDORQJWKHZDWHU • 0LQXWHVIURP0LOH+RXVH 18 hole CPGA golf course • 6XEGLYLVLRQSRWHQWLDOZLWKDFUH]RQLQJ • 6WRUDJHVKHG RXWKRXVH • )HUWLOHSHDWEHGVVRPHWLPEHU • :DUPHVWZDWHULQ%& • +LJKZD\ UXQVDORQJWKHHDVW 42 modernized bedrooms • LQSODFH HDV\+LJKZD\DFFHVV • 4XLHWWUHHGDUHDHQGRIURDG • 1HVWLQJJURXQGVRIVDQGKLOOFUDQHV • /HYHOWUHHGSURSHUW\ SHULPHWHU Licensed restaurant 80 + 80 seats • 3DUWLDOO\WUHHGZLWKUROOLQJJUDVVODQGV • &URZQODQGEH\RQGMXVWDIHZEORFNV • %HDXWLIXOVFHQHU\ • 6KRSSLQJQHDUE\ • ,QWKH$/5 ]RQHG5$ Development opportunities • 'ULYHZD\DOUHDG\LQ $399,900 IURPODNHDFFHVV $110,000 • $250,000 • NEW PRICE $1,486,000 • $878,000 $3,490,000 MARTIN SCHERRER 250-706-9462 WENDY PATTEN 250-706-9776 CHASE WESTERSUND 778-927-6634 KURT NIELSEN 250-898-7200 ROBBI-LAYNE ROBERTSON [email protected] [email protected] [email protected] [email protected] 604-351-9417 [email protected] PUB AND RESTAURANT VINEYARD ACREAGE OPPORTUNITY THOMPSON RIVER ESTATES RESIDENTIAL / RETAIL MIXED USE SERVICED LOT STEPS TO LAKE BRALORNE, BC LILLOOET, BC SAVONA, BC BUILDING - NEW DENVER, BC GORGEOUS MOUNTAIN VISTAS • 6DOO\¶V3XE *ULOOFRPSOHWHO\ • DFUHSULPHYLQH\DUGSURSHUW\ • %HWZHHQ.DPORRSVDQG&DFKH&UHHN • 5HVWRUHGKHULWDJHEXLOGLQJLQTXDLQWYLOODJH • &RUQHUORWLQWKH.RRWHQD\V[IW HTXLSSHGOLFHQFHGSXE UHVWDXUDQW • $FURVVWKHURDGIURPWKHWKULYLQJ)RUW • KRXUVIURP9DQFRXYHU • 8SSHUOHYHOEGUPVXLWH IW2) • 3RZHUZDWHUVHZHUSKRQHLQSODFH • 7KHRQO\SODFHWRHDW GULQNLQWRZQ %HUHQV(VWDWH:LQHU\ • DFUHVRIEDUHODQGVXUURXQGHGE\ • /DUJHIHQFHG\DUG • &RPPRQERDWODXQFK • %UDORUQHLVUHQRZQHGIRUELJPRXQWDLQ • 6HH\HDUFOLPDWH IHDVLELOLW\VWXG\ \HDUURXQGUHFUHDWLRQVSHFWDFXODUYLHZV • ,GHDOPRUWJDJHKHOSHUORFN JR • /DNHDFFHVVVWHSVDZD\ DGYHQWXUH RXWGRRUDFWLYLWLHV SUHSDUHGE\%&*UDSH*URZHUV¶ • %XLOG\RXUGUHDPJHWDZD\ UHFUHDWLRQDOSURSHUW\ • ,GHDOORWIRUFDELQIW2PLQ • 7XUQNH\EXVLQHVVUHDG\IRUVRPHRQHWR $VVRFLDWLRQ • KRXUVRIVXQVKLQHSHUPRQWKIURP • *URXQGÀRRUUHWDLOVSDFHOHDVHGDV • 4XLHW RIIWKHEHDWHQWUDFNUHFUHDWLRQDO VWDUWPDNLQJUHYHQXHIURP $249,000 • $699,000 $SULOWR6HSWHPEHU $98,000 SKDUPDF\ NEW PRICE $249,900 FRPPXQLW\ $65,000 ROBBI-LAYNE ROBERTSON ROBBI-LAYNE ROBERTSON ROB GREENE 604-830-2020 MATT CAMERON 250-200-1199 MATT CAMERON 250-200-1199 604-351-9417 [email protected] 604-351-9417 [email protected] [email protected] [email protected] [email protected] A12 | LOWER MAINLAND WESTERNINVESTOR.COM | OCTOBER 2017 Technical charts point to prolonged house price slide FEATURE | Greater Vancouver detached-house price to drop 21 per cent by 2019, technical analyst contends time is upcoming for another By FRANK O’BRIEN long-term [downward] trend of [email protected] more inventory, less volatility and lower average sale prices,” he explained. he average price of a de- Eitel claims that residential tached house in Greater investors can use technical Vancouver will decline T charting to successfully time 21 per cent from its recent peak the market. to $1.5 million by 2019 and will “From all data collected from stay at that level until a recovery the Real Estate Board of Greater begins in late 2021, according to Vancouver [REBGV] dating from a forecast based on historical January 1977, the real estate trading patterns. market has acted in a predict- “Sell now and begin buying able manner. This has not been again in four to five years,” is noticed to date as a prevalent Dane Eitel the advice from , a factor in the real estate com- North Shore realtor who has ap- munity. Equity markets have plied the discipline of technical been using technical charting charting used in the equity mar- all over the world on a daily ket to forecast Greater Vancou- basis. While this may come as ver’s housing market. a shocking revelation to some His call is for the average de- in the real estate community, tached-house price to fall from the fact remains that technical Sales of detached houses in Greater Vancouver are down 33 per cent during the first eight months of the recent peak of $1.8 million charting works.” 2017, compared to a year earlier. A technical analyst is forecasting 21 per cent price drop over the next to $1.48 million to $1.5 million Eitel noted that his theory of two years. | SUBMITTED in the latter half of 2019. Prices technical forecasting dates back will remain in that range for two to Charles Dow, who founded years before bottoming in 2021. peaked at $286,000 in February price was $750,686. In each of both the Wall Street Journal Eitel concentrated on detached 1995. The average price then the six instances, the line has and the Dow Jones industrial housing because it does not have dropped 19 per cent to bottom held true and propelled the mar- average more than 100 years the supply swings common to out in December 1996. ket higher. ago. Dow, Eitel said, proved that the condominium or townhouse Prices did not recover to the “This time, however, we will “history repeats itself and hu- sectors. “It all starts with de- earlier price peak until Novem- be seeing a similar event as dur- man psychology for buying and tached houses,” he said. ber 2002, six years later. ing the 1990s, with a growth selling in a marketplace could be By looking at 40 years of We are seeing a similar pattern percentage of 144 per cent over prognosticated using technical Greater Vancouver detached- today, Eitel said. the uptrend, which started from analysis.” house sales and average price “The current Vancouver de- the low point in November 2008 cycles, Eitel is confident that a tached-housing market has been and topped out in May 2017. By trading pattern is established on a long term uptrend line es- 2019 we will be on another col- Political factor that will play out over the next tablished during the 2008-09 lision course with two divergent five to seven years. recession,” he said. “We have trends converging on middle Eitel said that current condi- He noted that the last long- tested this long term uptrend ground of the trading range to Dane Eitel, forecaster: “While tions mirror the 1990s in that term cycle began in October line six times since its incep- see which one will win out. This this may come as a shocking the Greater Vancouver housing 1987 and ran to 1996, during tion in November 2008, which time we do have such downtrend revelation to some in the real estate market is also at the peak of a which time average house prices was the bottom of that cycle. occurrence positioning itself, community, the fact remains that 10-year price growth cycle with increased 190 per cent and At that time the average sale eerily similar to the ‘90s. The technical charting works.” | SUBMITTED similar price increases, and the GREG WALTON GORD HOUWELING PREC* 604.864.1610 604.793.8660 [email protected] [email protected] www.bcfarmandranch.com www.farmrealtor.ca We sell acreages just like yours. 35+ YEARS EXPERIENCE ACREAGE SPECIALISTS FULL MLS EXPOSURE 6430 272 Street, Langley $3,550,000 7685 McKenzie Road, Port Alberni $4,250,000 6220 Weir Road, Knutsford $2,250,000 •77 Acres with 2 Homes in North Langley •Large Scale Turn-Key Commercial Greenhouse Operation • 160 Acres with Home and Shop, 20 mins from Kamloops •Fully automated 2 storey 42’ x 210’ poultry barn •Nearly 40 Acres on 2 Titles with 3 homes & mobile • Stunning custom home with panoramic views! •Approx 25 cleared acres, remainder is treed forest with ravine •6 acres of greenhouse, full line of equipment including trucks • Multi-purpose shop measuring 144x42 with a 28x42 lean-to •Excellent for multiple families and agri-business •Owner currently utilizes facility to grow cucumbers • Fenced property, high speed Internet, hot tub, sauna & more View our extensive inventory online at www.bcfarmandranch.com! OCTOBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A13 political environment is also similar. REBGV Detached Average Sale Price 2007 -2017 “The last time we had a Lib- eral prime minister and an NDP premier in B.C. was from Nov- $1800000 ember 1993 when Jean Chretien was elected and the NDP’s Mi- chael Harcourt was already in power, since November 1991. The average detached sale price $1600000 in November 1993 was $347,300. The two parties remained in power until June of 2001. The total price growth of the Great- er Vancouver detached market $1400000 during that period of time was 6 per cent,” he said. “I do expect the market to come off from its highs and sell $1200000 in the lower half of the trad- ing range starting late in 2019 v and lasting for years. However, I also firmly believe in Van- couver’s property values long $1000000 term. At any time, you can buy a detached house and 10 years High range later that property will be worth more.” Medium range $800000 Low range Current conditions Sales of Greater Vancouver de- tached houses in August 2017 $600000 reached 901 units, a 26 per cent 7-Jan 8-Jan 9-Jan 7-Sep 8-Sep 9-Sep 7-May 8-May 9-May 13-Jan 14-Jan 15-Jan 16-Jan 17-Jan Jan-18 Jan-21 Jan-22 10-Jan 11-Jan 12-Jan Jan-19 Jan-20 13-Sep 14-Sep 15-Sep 16-Sep Sep-17 Sep-18 12-Sep Sep-20 Sep-21 10-Sep 11-Sep Sep-19 13-May 14-May 15-May 16-May 17-May May-18 May-20 May-21 10-May 11-May 12-May increase from the 715 detached May-19 sales recorded in August 2016. Tracking Greater Vancouver detached prices over 40 years (the last 10 years are highlighed in this chart) shows a consistent pattern of short-term The benchmark price for de- cycles that have always led to higher prices after a breakout. Prices peaked in May 2017 at an average of $1.8 million and we won’t see that high tached properties as of August surpassed until late 2023, according to analyst Dane Eitel. | DANE EITEL was $1,615,100. This represents 2.0M a 2.2 per cent increase from Au- gust 2016 and a 0.2 per cent in- a more accurate reading of real to 8,268 units. In three muni- crease compared with July 2017, market conditions. He says cipalities, benchmark prices are 1.5M lower now than a year ago. reports the REBGV. that average Greater Vancouver $1.830 million 1.0M This appears to challenge house prices peaked in May 2017 His advice to speculators: sell $1.5 million $1.67 million $1.61 million Eitel’s forecast of falling sales at $1.8 million, and have been now and begin buying back into 0.5M and higher inventory leading to declining ever since. the Greater Vancouver detached a prolonged decline in detached Eitel also notes that the REB- housing market in the fourth house prices. GV reports that total sales of quarter of 2021, which will be However, Eitel explains that detached houses in Greater the bottom of the market. The May 2017 August 2019 August 2021 the board uses benchmark Vancouver have fallen 33 per breakout will begin then with a August 2018 prices, not average prices. He cent in the first eight months of new price peak reached in mid- Chart shows how Greater Vancouver average house prices could perform contends average prices provide this year compared with 2016, 2023, Eitel contends. ■ | WI & DANE EITEL over theRe next-De vtwoelo years,pmen tbased on technical trading patterns. Potential Network Group www.TheBestDealsinBC.com FOR SALE 161 UNIT - LUXURY CONCRETE APARTMENT BUILDING 4254 W 6TH STREET, WEST VANCOUVER, BC Horsefl y - 11 Acres Harrison Hot Springs Hope + Commercial Building Naismith Inn Heritage House Wild Rose RV & Campground • Ideal for Commercial Grow Op • Turn Key Business • Approved for Single RV Sales Operation • 800 Amps, 50x60 Truck Shop • 3 Guest Suites, 4 Cottages • 5.3 Acres/48 RV Lot/Managers • 16,000 sqft Main Building • River frontage/ 28 yrs in business Residence $398,000 $1,988,000 $1,750,000 Y CED B RREDUCEDEDU BY 0,000 $$1,000,0001,00 Exceptional 16 suite concrete rental apartment building located in one of Canada’s most affluent communities with close proximity to Ambleside Park, Capilano River, Park Royal Shopping Centre and the Lions Gate Bridge Harrison Hot Springs Harrison Hot Springs 150 Mile House Condo-Marina Development Luxurious Lakeview Home Dugan Lake Ranch & Guest House Equestrian Dream • 1.87 Acres Lakefront Marina • 0.43 Acre Lot/ 3 Bed-3 Bath/60x30 • 154 Acres & 900 ft Lake Frontage FOR MORE INFORMATION PLEASE CONTACT: • Zoning allows-fl oating units, concrete Deck • 7000 sq.ft. Log Home/Caretaker Home 8 Storey multifamily building • Italian Tile, High Ceilings, Wine Cellar MICHAEL HECK | [email protected] | 604 398 4379 • Log guest house, Dressage Arena/ • Parking, 225 Marina slip facility • Right at the water, breathtaking views Danish Style Horse Barn DAVID MORRIS* | [email protected] | 604 638 2123 REDUCED $5,500,000 $1,749,000 $2,375,000 *PERSONAL REAL ESTATE CORPORATION Sutton West Coast Realty FREDDY & LINDA MARKS 604-491-1060 [email protected] Harrison Hot Springs A14 | LOWER MAINLAND WESTERNINVESTOR.COM | OCTOBER 2017 MOBILE HOME PARKS 15791 MARINE DRIVE IN BEAUTIFUL WHITE ROCK – ONLY $3,650,000 Kindersley, SK – 72 MH & 59 RV pads .....4,950,000 Park Owners thinking of selling and 8,000 SQ/FT BUILDING – HIGH EXPOSURE 8250 SQ/FT CORNER LOT McKenzie, BC – 113 pads, 17 ac ...... 3,250,000 looking for a market evaluation of your RARE FIND on Marine Drive in beautiful White Rock! Prime high exposure 8250 Fairview, AB – 50 pads, 7.1 ac ...... 1,850,000 park? Give me a call to discuss options. sq/ft corner lot. Loads of parking close by. Incredible property with ocean view. Rosemary, AB – 57 pads, 9 ac ...... 1,300,000 Other Parks available or coming soon: Steps to the beach. Across from Semiahmoo Park. CR-4 ZONING - Potential to Call me for info on these and others. build a new 4 storey building with commercial/residential mix. Existing approx Shaunavon, SK – 17 pads, 3.66 ac ...... 645,000 Houston BC; 25 pad and 12 RV park. 8000 sq/ft commercial/residential building with parking in the back. Two commer- Dominion, NS – 17 pads, 4.3 ac...... 340,000 10.5% cap. Ask $529,000 SOLD cial tenants – a craft store and LaBai Restaurant, award-winning Italian restaurant HarryH Jesse Nelson BC 21 pad seniors park 5 acres for 30 years (available with purchase). 7 apartment suites on top fl oor. Excellent TollT free: 1-888-251-2822 Ask $ 1,150,000 SOLD DirectD Line: 604-302-3771 CAP rate potential. Fantastic upside. A great property to add to your portfolio. Do Fax:F 1-888-804-1394 Summerland 22 pad seniors park. not approach the tenants. Drive by and have a look. Call for further details. WebW site: www.mobileparks.com Ask $1,555,555 Email:E [email protected] AB: small 8 pad park city serviced. Homelife Glenayre Realty Absentee owner. Price $300k fi rm Tracey Bosch 604-539-7653 traceybosch.com Wolstencroft Langley WATERFRONT - HARRISION HOT SPRINGS WANTED LOWER MAINLAND - Multi-family apartment buildings and Townhouse development sites. - To buy existing rental apartment Fantastic ½ acre level waterfront home 1.5 buildings, minimum 30 units. hours from Vancouver on beautiful Harrison Lake. 200 ft. beach with docks and ramp. - Multi-unit industrial buildings Too much to list so go to website for info and or land to build same. drone footage. Asking 2.39M BILL SUMMERS JOHN 604-618-5522 Direct Line: 604-626-8894 Email: Lexus-Properties@telus.net www.sellingmobilehomeparks.com Sales, Management, DOMINIC FUNG Project Marketing [email protected] 604604-729-3117-729-3117 COMMERCIAL PROPERTIES FOR SALE • CHINATOWN HA-1A DEVELOPMENT SITE Approx. 6075 SF at corner of Georgia St. and Gore St. Existing 36 rooming house and Chinese herbal store. Booming area for new development. Asking $13.6 Million • MOBILE HOME PARK 63071 Flood Hope Rd., Hope - withO 31L pads,D 2 homes, 4.9 acres land and near city centre. Priced to sell $1.425SSOLD Million • BUILDING SUPPLIES COMPANY Money making business for sale. It has been around over 10 years. Located along busy Bridgeport Road in Richmond. Building supplies include laminated tiles and mouldings. $1.56 Million • VERNON COMMERCIAL 6365 Highway 97, Vernon. Land 1.48 acres. Building around 15 yrs. old and approx. 8000 SF include showroom and service bays. Stable tenant & potential. $2.5 Million • OCEAN FRONT RETAIL 14985 Marine Dr., White Rock, B.C. with one storey building and 4499 SF. land. Zone CR-3. Potential for Commercial and Residential Development. Priced to sell Reduced $2.65 Million 604 518 2025 OCTOBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A15 ricktoor.com Rick Toor [email protected] Offi ce: 604-795-2955 Personal Real Estate Corporation GLENAYRE REALTY Cell: 604-897-0260 CHILLIWACK Development Opportunities Multi Family Buildings PPricerice RReducededuced 1725 Lindell Ave. Approx. 1 Acre of development potential land in Beautiful Cultus Lake. G $1,799,000 NDIN Rick Toor PPENDINGE 7236 Pioneer Avenue, Agassiz 45944 Yale Road West $989,000 35,874 Sq. Ft. of land available • 2 commercial + 6 apartments for development • NOI $58,000 +/- now 100% occupied Rick Toor Located in downtown Chilliwack Would be excellent for a hotel project! 37113 North Parallel Road, $1.85 Million Abbotsford Rick Toor Purposed Sumas Business Park development. LD Approximately 30 Acres that can be leased as SSOLDO a whole or in smaller acreages. Portion of the 5550 Dieppe Street site has plans for over 240 truck parking spots. 45459 Stevenson Rd., Chilliwack 9.6 Acres of prime development A prime location that fronts the North Parallel $1,800,000 Road and the #1 Highway in Abbottsford, land in Chilliwack including 19,689 • 5 acres with home located right across BC. 1 minute from the Whatcom Road, #1 sq.ft. building site is zoned mix use/ from Sardis Secondary Purposed uses include Truck Park, Truck commercial residential located next • Approx. 3.7 acres are in ALR zoned Sales and Service, Tire Sales, Food Service, NG to university of Fraser Valley and agricultural low land. 1.3 acres that are ‘not’ Fuel Station, Warehouses and more! DI in ALR zoned RR (rural residential) property EN Garrison Crossing. Asking price $23 may have development potential in the near $1.25/sq.ft. PPENDING Million. future. Call now for more information. Rick Toor • Buy now & hold for watch your money grow. Rick Toor Rick Toor Commercial Investment 3690 Towline Rd., Abbotsford Perfect opportunity to open your OLD OLD business and own a strata unit in SSOLD SSOLD popular Gian’s Business Center 3088 272nd Street, Langley 45805 Cartmell Rd. $599,900 1,420 Sq. Ft. @ $724,200.00 $2.48 million 5,640 Sq. Ft. property with M4 zoning. M4 Zoning permits the following: warehouse, light manufacturing, Bank anchored commercial building with long 1,655 Sq. Ft. @ $844,050.00 services, industrial, food processing, general term leases in place. Tenants include CIBC bank, manufacturing, recourse use, heavy industry, accessoy Sushi Restaurant, Hair Salon and 100% Leased offi ce and sales, open storage, convenience commercial, 1,379 Sq. Ft. @ $703,290.00 Space.Call now for details. accessory dwelling unit, off street parking/lading. Rick Toor Rick Toor Rick Toor Lease Opportunities #406-8705 Young Rd 9010 School St., 103-32883 South 1,081 Sq.Ft. Strata Commercial unit for Lease. CSM Zoning Chilliwack Fraserway, Abb. includes General Commercial, $12/sqft. Strata commercial $17/square foot. High Public or Private Assembly, units for lease! Units exposure facing Seven Accessory dwelling, specialized craft manufacturing, warehousing, from 2,400 sq.ft. -10,000 Oaks Mall. 3,500 sq.ft. food and beverage processing, and sq.ft. Perfect for Medical in Central Abbotsford. service industrial. Very high traffi c professional. Competitive lease rates. count in this area. $15/Sq. Ft. Rick Toor Rick Toor Rick Toor Business For Sale Business with Property 11064 Olson Road, Surrey Established roll off bin service, waste Chilliwack removal, new construction, etc... Restaurant with high end fi nishings, Servicing the Lower Mainland area all equipment, and décor included & recently expanded into the Fraser with the business and building. Valley. Repeat clientele & growing. Located downtown Chilliwack. Includes: 3 trucks + 33 bins. Profi table turnkey operation, tons of $1,499,000. room for expansion. $329,000. Rick Toor Rick Toor A16 | LOWER MAINLAND WESTERNINVESTOR.COM | OCTOBER 2017 Small-business owners go ballistic over federal tax plan FEATURE | Large number of business failures forecast as federal Liberals move to “close loopholes” with a tough new tax regime rules designed to help businesses By GLEN KORSTROM thrive.” BUSINESS IN VANCOUVER Black said that about 60 per [email protected] cent of jobs in B.C. are created by small-business owners, and that mall-business owners and this percentage is the highest in their advocates are call- the country. Sing on the federal govern- “Our aim is to get government to ment to extend consultation on pause,” he said. “The 75-day con- proposed tax changes that they sultation and trying to jam all these consider to be potentially ruin- things through in the dog days of ous for many small businesses summer is not giving everybody a and damaging to the country’s chance to react to what would be economy. profound changes.” Federal Finance Minister Bill Morneau launched a 75-day consultation period in August Flawed logic on several proposed tax changes – including two that are raising The current tax situation allows particular ire. small-business owners who gen- Iain Black, CEO, Greater Vancouver Board of Trade: “The proposed changes will have far-reaching implications One of the controversial pro- erate up to $500,000 in profit to on every man and woman who is either currently running a small business … or somebody who is contemplating posed changes is aimed at stop- pay 15 per cent tax on that income. the same thing.” | ROB KRUYT ping small-business owners from That profit has to stay in the busi- being able to shift a portion of That change rubs many small- inaccurate,” Black told Business ness and is not removed to pay sal- their business’ income to other business owners the wrong way. Widespread fear in Vancouver. aries to employees or the owner. family members. “I’m putting money in the busi- “The proposed changes will have “The deep flaw in [the govern- Greater Vancouver Board of Trade That move is called “income ness for a rainy day,” explained far-reaching implications on every ment’s] logic is that money left CEO Iain Black sympathizes with sprinkling” and it enables small- Faculty Brewing Co. owner man and woman who is either cur- in the business, money that is Lozano but said that the impact of business owners to pay less tax Mauricio Lozano. rently running a small business, not taken out as income for the the changes will be far more wide- because profit is spent as salary to “I don’t know how my winter is and employing between five and 20 business owner or its employees, spread than simply causing a bit of the owner’s stay-at-home spouse going to be, or how my fall is go- people, or somebody who is con- is being left there for nefarious hardship for some small-business or to a university-aged child as a ing to be or what’s going to hap- templating the same thing.” or tax avoidance reasons,” Black owners. way to take profit out of the busi- pen in the future.” Morneau had said that the point explained. Black said that if the proposed ness and pay an entry-level tax He said that last winter’s per- of the changes was to “close loop- “That is utterly illogical. The changes are implemented there rate. The alternative would be to sistent snow meant that there holes” and amend existing rules to money being left in most small will be a large number of business pay the profit as added salary to were long stretches where few ensure that the richest Canadians businesses is either used to flat- failures and many situations where the business owner, who would people came to his tasting lounge pay their fair share of taxes and ten out cash flows on a month-to- potential entrepreneurs become be at a higher tax rate because he on Ontario Street. that people in similar circum- month basis, over the course of a scared to take on the risk of starting or she already has a decent salary. “Had I not saved in the company stances pay similar amounts of tax. year or years, or it’s being used as a business. The other change is aimed at some passive income from the “When you have an economy a cash reserve that is being built “To suggest that the proposed taxing so-called “passive invest- previous summer, then how was that works for the middle class, up to invest further back into the changes will close tax loopholes ment income,” or income that I going to survive in February? I you have a country that works for business either by hiring more that are currently being exploited remains within the business, at would have had to have laid off everyone,” he said. people or by purchasing capital by a specific profession or two a similar rate to that which em- some guys to make sure that I “Many of the richest Canadians equipment, which in turn drives – and do no more than that – is ployees pay on their salaries. could pay my bills.” are unfairly exploiting the tax the economy in other sectors.” ■ &610 (3$3)( ( 5 (4 2)43#'$(231 30 (3$3)( 7&42$5 '&29 8 2>B$ >( 3>8 =>= ? ! % * ) , ) 7 ? "# , 2C3 ) & > > DDCB3 , > D)*EE'1)+( @ & A &'$(231 15$ 61) 3)&$5 1'$(231 "83)(231 3)&$5 3 1 #)&3#5 (1) )%!&&2 #)&!$15 (4(1) %& ( '&29'&29 '&29 '&29 '&29'&29 '&29'&29" 1 "'70 (3$3)(1 &38 " , 6< $ 63>4B , 2>F=8 " 4 '()"*+)'+%','%'-. 0 * 6!>)>% * :$338; 4 0 */'%0*,'1(-'% 3>=F < G )6 " + & ? 7 232&224 5("((5'1*(%6 ( & - 7 , 9 09 < ,'-+)-*67$(894 OCTOBER 2017 | WESTERNINVESTOR.COM BUSINESS OPPORTUNITIES | LOWER MAINLAND | A17 INVESTMENT AND BUSINESS Richard Podgurski OPPORTUNITIES Cell: 604.961.5665 [email protected] Masters Realty BUSY CAR WASH www.expertrealty.ca Fraser Valley Location, 2-Touchless wash Bay, 6 - Spray ONE OF A KIND RESORT wand Bay, Detail Bay, 5 - Vacuum Islands, 1 - Shampoo Unique, one of a kind resort, spa or high quality Vacuum. Storage plus 3 - Bedroom living accommodation. residential 14 acres development site right on the lake, 34,843 sq ft lot. Asking $3,500,000 with marina, Pub and airplane landing runway. LANGLEY Offered For $2,988,000 Excellent investment property for Future Development, Approx 39,000 sq ft Land, 2 - Commercial Tenants, plus GAS STATION & STORE Vacant 3 - bedroom apartment. Asking $1,998,000 Gas Station & Store with separate Restaurant building + residence building for staff or owner located on UPS STORE major highway. Great exposure and well established business. Burnaby Metro Town area. Asking $375,000 BOTTLE DEPOT Offered For $1,188,000 Shuswap Location, Land, Building and Business. 40 acres in Langley Asking $420,000 Offered For $6M MERRITT GAS STATION Esso Gas Station with C-Store and Tim Hortons Drive Thru. RRICHMONDICHMOND Asking $1,998,000 GAS STATION SITE Princeton BC. 1.88 Acre approved Gas Station Site environmental done with proposed drawings. Asking $595,000 BOTTLE DEPOT Lower Mainland location Encorp Pacifi c Licensed Depots with own territory. Please call for Info! Busy Profi table Sushi Business – High Zomato rating GAS STATION SITE Take out / dine in - 23 seats, liquor license ,VAN WN CO O T U S V A E R Trail BC. 22,000 SQ FT vacant land approved for Gas FOR SALE G Popular gathering point - Convenient location with mall & street access C gt Station with Drive - Thru Restaurant; Both with a major O E Great walk -in traffi c with high volume of new & returning customers T R A B T E S L E C L O EA MM L R brand name. Asking $650,000 210 CARRALL STREET ERCIA MLS #C8013113 Asking Price $799,000 Award-Winning Gastown Heritage Building ASHOK KUMAR • ƤȀ 604-855-0800 Cell: 604-556-6399 • Building size: 11,618 sf (gross) | 10,033 sf (rentable)* • Lot Size: 5,307 sf (Approx.) • ǣ New Asking Price FOR SALE 395 RAILWAY STREET Railtown Investment Opportunity Commercial | Investments | Foreclosures • ͛Ǧ • Building size: 24,107 sf (gross) | 16,950 (rentable)* FOR SALE - Farm and Home • Lot Size: 6,056 sf (Approx.) 14325 Harris Rd, Pitt Meadows BC • ǣ Please contact us 27 Acre Blueberry producing Farm 6,000 sq. ft Executive Home FOR SALE Asking $3,650,000 STRATHCONA 209 HEATLEY AVENUE FOR SALE - By Court Order Investment / Development Opportunity 525 Haliburton Street, Nanaimo BC • Fully renovated mixed use asset (Formerly Patricia’s Pub) • Net Income: Please contact us 18,480 sq ft corner lot • Lot Size: 6,100 sf (Approx.) Water views • ǣ͆͜ǡ͘͘͝ǡ͘͘͘Ǥ͘͘ Reduced to $570,000 FOR SALE - By Court Order FOR SALE 225 Terminal Ave, Nanaimo BC STRATHCONA 3300 sq ft Single Storey Retail 1172 & 1180 E HASTINGS STREET 5994 sq. ft lot in Downtown location Exceptional Development Opportunity Asking $500,000 • Prime development site with holding income • Zoning : M-1 Industrial • Lot size: 6,100 sf (Approx.) FOR SALE - By Court Order • ǣ ͆͜ǡ͘͡͠ǡ͘͘͘Ǥ͘͘ 221 Terminal Ave. Nanaimo B.C. 13,824 sq. ft. lot in Downtown location Asking $775,000 Opportunity to acquire 225 & 221 Terminal New Asking Price FOR SALE East Van Ave. as a potential Development Site c o l a rb ci 103 E HASTINGS STREET el commer East Vancouver Investment Opportunity FOR SALE - Kingsway Corridor • 3-storey plus lower level mixed-use building 3165 Kingsway, Vancouver BC • Character retail unit with residential units (SRO) above 2 storey building • Lot size: 3,071.96 sf (Approx.) Central location • ǣ ͚͆ǡ͘͠͡ǡ͘͘͘Ǥ͘͘ Asking $2,300,000 SOLD E. & O. E. | All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no MANJIT CLAIRE* KURTIS CLAIRE guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors ƤǤ *All measurements are approximate. [email protected] [email protected] PH: 604.263.2823 DIR: 604.559.5120 * www.ClaireGroup.ca ROBERT THAM MARC SAUL *Personal Real Estate Corporation All Measurements Approximate. 632 Citadel Parade, Vancouver, BC, V6B 1X3 RE/MAX Real Estate Services T 604.609.0882 F 604.609.0886 www.corbelcommercial.com N410 - 650 W. 41st Ave. Vancouver, BC V5Z2M9 *Personal Real Estate Corporation Each offi ce independently owned and operated A18 | LOWER MAINLAND | SERVICES WESTERNINVESTOR.COM | OCTOBER 2017 How to qualify a potential franchisee as a “good fit” ranchising is a huge, cent of all inquirers will ever Following a positive discus- consult with their financial and rapidly growing industry BUSINESS buy a business. The genuine po- sion, the inquirer will be re- legal advisers. Fwith over 3,000 franchis- BROKERAGE tential buyers must be quickly quired to sign a confidentiality Once both parties decide to es in North America, operating established. agreement and complete a sim- proceed, a letter of understand- over 800,000 units, and em- The first step is connecting ple buyer questionnaire that ing will be drafted by head of- ploying over 18 million people. with the potential buyer to captures their qualifications fice for signature and payment Franchises can be an excellent gauge communication skills, and intentions. of a deposit will be arranged. route to business ownership team player personality, and Initial information is then Franchise agreement documen- – there are products, systems determine whether the inquir- shared with the applicant in- tation will then be drafted and and processes already in place, er has relevant skills and ex- cluding existing location, sales signed. Extensive training then and a buyer is not required to perience for the opportunity. history, current financial state- occurs, prior to taking over, start from ground zero. How- It is also essential to confirm ments, lease information and often two to four weeks for the ever, for many franchises the their current credit rating, and general information such as main full-time owner/operator. returns are marginal and a buy- whether the buyer has the re- royalties, marketing fees, etc. There will be ongoing on-site er must conduct extensive due quired liquid cash available. If a buyer indicates they are in- support after taking possession By KEN WITHER diligence prior to entering into Financing is available from the terested, after the initial review, of the business, especially for any agreements. banks and the Business Develop- they will be asked to complete the first few months. A successful franchise pur- ment Bank of Canada; however the franchise application form, Franchises can be a smart chase requires both the fran- Franchises that enjoy long-term the franchisor will often stipu- which includes a net worth business option for the right chisee and the franchisor to be success focus on aligning cor- late that a new franchisee must statement. A telephone inter- buyer. As always, it is “buyer satisfied that they have found porate goals with those of its invest between 40 per cent to 60 view will be arranged between beware” and due diligence is an a great fit. A good franchisor franchisees, ensuring both have per cent of the purchase price qualifying applicants and a key essential step in the purchase will be interested in more than opportunity to turn a profit. with cash on hand to prevent leader at the franchise head of- process. Buyers must consider the amount of money the fran- A business broker can be a sig- the new owner from being en- fice. This allows both parties to the products or services being chisee has available. They will nificant asset during the sale cumbered with too much debt. get to know each other. If that offered, brand name recogni- want to ensure that the pros- of a franchise location. Their conversation is satisfactory to tion, the local competition, the both parties, further informa- pect has the business acumen, role is to cultivate and qualify A franchisor will often level of support available from enthusiasm and work ethic to prospects, understand pros- tion is shared with the applicant the franchisor, as well as their operate a successful location. pects’ needs and interests, and stipulate that a new including the franchise disclo- own long-term business goals.■ Hard-working team players evaluate personalities. franchisee must invest sure document. who are coachable do best in By engaging a professional between 40 per cent to Ken Wither is a full-time busi- a franchise. A franchisor will business broker, franchisors 60 per cent of the total ness broker, a certified business often demand that a buyer be a will often mitigate their finan- purchase price with cash Due diligence intermediary with the Inter- full-time owner/operator. Suc- cial investment and risk of hir- on hand national Business Brokers Asso- cessful franchisees are open to ing an in-house sales team. The Due diligence performed by the ciation, and serves on the board of accepting support from the broker’s expertise can help po- applicant should include a one- directors of the Canadian chapter. franchisor and other franchis- tential franchisees have a com- day on-the-job experience, a He works with business sellers in ees. Entrepreneurs who want prehensive understanding of the discovery day at head office to Alberta and B.C. He is with Acuity to reinvent the wheel or cre- opportunity. Thorough scrutiny meet the key players, and con- Business Group (www.acuity- ate something new and thrive by all parties will ensure that tacting existing franchisees to businessgroup.com), with offices on doing things their own way franchisor and franchisee enjoy discuss their experience work- in Kelowna and Calgary. will not experience success in a a fruitful partnership. ing with the franchisor. Ap- franchise environment. The business broker will ” plicants will be encouraged to Franchisees are buying into market the opportunity using the perceived strength of the multiple avenues, often gen- brand name, product or service, erating over 100 responses and location. The value, like any for a quality franchised food other existing business, is based business. However, statistics For many franchises the returns are marginal and a buyer must conduct on the bottom line to the owner. indicate that fewer than 5 per extensive due diligence prior to entering into any agreements. SHAUGHNESSY DEVELOPMENT SITES TODOS SANTOS DEVELOPMENT SITE ■ We have a large selection of houses on 740 ACRES - 1 HR NORTH OF large lots from 10,000 sqft to 40,000 sqft CABO SAN LUCAS MEXICO in 1st Shaughnessy & 2nd Shaughnessy ■ ranging in price from $4.6M to $33M 740 acres, potential 2000 building lots – ■ 33,000 sf lot with 9000 sf house, can add 73% with pacifi c ocean views next to the city of Todos Santos two infi lls + seller may take VTB for 50% of ■ the list price, potential profi t $6-8M Seller interested in a J/V for 25% of project that will include 1 hotel, 1 beach club, 1 rest. www.shaughnessyproperties.com $12.3M www.6717000.com/todos $35M USD TRUCK RENTAL / MOVING BUSINESS LANGLEY LAND ASSEMBLY ■ Downtown location near Main & Terminal ■ 21427 83rd Ave, 1.51A lot with 4200 sf ■ Est. 1999, 30 trucks, 12,000 sf leased home & huge garage/storage. Currently property at $8K/yr, sales $850K/yr zoned for SR-2 Highway Commercial, pty on ■ Dysco 295 Terminal Ave, Vancouver $660K west side may also be available. $3.199M LA PAZ MEXICO DEVELOPMENT SITE GIBSONS DEVELOPMENT SITE Commercial Property Financing ■ 71 Acre development site overlooking ■ 895 Gibsons Way, Cedars in Hotel and We fi nd you the fi nancing you need. Our team has decades of experience with Downtown La Paz and Costa Baja Marina Convention Centre on a 62,000 sf lot ALL types of commercial real estate: www.6717000.com/lapaz $4M USD ■ 909 Gibsons Way, Gibsons Cinema, 30,000 sf lot SQUAMISH DEVELOPMENT SITE ■ Total land size 92,000 sf $7.5M ■ 166 Acres, in 2 phases, 10 minutes North of Squamish, left at Alice lake turn off. CAMBIE CORRIDOR ■ Phase one (Lower Lands) 104 acres, DEVELOPMENT SITES approved for 82 lots. Project has an ■ We have two assignments available, FSR equestrian theme. SELLER SAYS SELL! 2-2.55 either T/H’s or 6 storey buildings www.6717000.com/squamish $16M ■ Call for more details. LES TWAROG (604) 671-7000 1428 W 7th Ave. Vancouver, B.C. To view listings please visit: CrestCre Realty (Westside)(W WWW.6717000.com/biz OCTOBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A19 NEEDED FOR SALE BY TENDER East 64th Ave GEORGE PARK Fraser Valley homes on acreages & quality farms. Two RS-1 Building Lots East 64th Ave Sand/gravel deposits & clean fi ll sites. 491 and 495 Southeast Marine Drive, Vancouver, BC St George St OSOYOOS BUILDING LOTS Combined property details: 56 feet of frontage (approximately 5,770 square feet) Only $250,000 each 2016 BC Assessment of $1,656,000 (combined). 491 & 495 for “duplex” lots. SE Marine Dr Offer submission deadline: Friday, October 27, 2017, 4 pm PT Buscombe St Sales package with further details available either online at OPPORTUNITY bids.vancouver.ca/bidopp/openbid.htm or for pick-up at 507 West Broadway, Franchises for great recycling business; 5th Floor Reception, Vancouver from 9 am to 4:30 pm, Monday to Friday. clean, effi cient, odor-free. SE Marine Dr FOR MORE INFORMATION: SE Marine Dr Gordon MacKay, 604-871-6617 Ray Lewis PREC SE Marine Dr Sutton Group-West Coast Realty Langley [email protected] 604-812-9733 GORDON KLEAMAN Personal Real Estate Corporation 604.779.6644 Silverdale Plaza, Mission * NEW 15 acre development site on the corner 1365 Burnaby Street, Vancouver Victoria’s Times Colonist of Nelson Street and Lougheed Highway $7,500,000 Building SOLD MISSION COMMERCIAL AUTOMOBILE POTENTIAL Incredible 9-unit bldg in area of quickly appreciating 4 large commercial-sized lots (1.75 acres) that could accommodate: condos. Completely upgraded throughout. 7 units • auto dealerships are fully furnished from linens to cutlery. DP for new • autobody / repair shop / auto detailing / car wash Thank you to Merchant House • larger ʻboxʼ retail stores 21 or 28-unit development with 2nd storey & reno. • gas station designated site Premier property for the discerning investor. Capital Inc. and Glacier Media Group!” FOOD AND RESTAURANTS • major branded grocery store • coffee shops North Vancouver Development Properties AVAILABLE!! • fast food outlets • casual restaurant / pub location Call NOW!!” • drive-thru restaurants RETAIL SHOPPING • Designated retail strip of ground level Fantastic Heavy Equipment Rental Company in Vancouver!! storefronts, ideal for shoppers • clothing / footwear This business sale is listed at $1,899,000 and provides a consistent & reliable 20% return. Can be run as • consumer goods • professional services a stand alone business or great as an addition to construction. Rental company has been in business 30+ • speciality shops years - 2 employees. Minimum management required. #101 - 2609 Westview Dr., North Vancouver, B.C. V7N 4M2 | 604-779-6644 | [email protected] | www.gordonkleaman.com REAL ESTATE WEEKLY Real Estate Weekly The Lower Mainland’s trusted source for real estate news and listings Door-to-door Geo-targeted Widest delivery audiences coverage A20 | LOWER MAINLAND WESTERNINVESTOR.COM | OCTOBER 2017 Commercial real estate filling up in New Westminster FEATURE | Anvil office tower attracts first major tenant as Aritzia takes big footprint in Queensborough and the Brewery District expands with plans for a second office tower O’Bryan’s location. There is also an By WI STAFF application for a new banquet hall. [email protected] Meanwhile, the new entertain- ment complex under the banner of hree years after it was sold Extreme Air Park opened in Au- by the city to a group of in- gust. The park features 40,000 Tvestors led by Vancouver’s square feet of “wall-to-wall Joe Segal and Suki Sekhon, the trampolines”, according to the eight-storey Anvil Centre office developer. tower in downtown New West- There is also a $2 million applica- minster has its first tenant, an tion to expand a liquor store and indication of the growing – and add commercial space, along with quirky – commercial real estate five residential units, on Front sector in Metro Vancouver’s Street, and a mixed-use develop- nexus city. ment will add nearly 11,000 square The Anvil will become a gam- feet of retail and offices with two bling destination, the old Keg new residential buildings. restaurant on Columbia Street is “Much of the commercial under being retrofitted into a Tex-Mex- construction is ground-level shop- style eatery and “Canada’s lar- ping at the bottom of mixed-use Wesgroup is building a residential tower at its Brewery District but also plans another office tower on the gest indoor trampoline park” has towers, which are dominated by nine-acre site. | ROB KRUYT opened in an industrial site near the residential component,” Fryer the SkyTrain Baird station. Meanwhile, clothing giant headquarters, and a number of said. Evolution Gaming is taking one Aritzia has leased more than doctors and other medical pro- floor of the Anvil tower to house 223,000 square feet of indus- fessionals bought office space for a 16,000-square-foot studio that trial space at the Queensborough $468 to $685 per square foot. A Hospital expansion will eventually create 170 jobs, Logistics Park, one of the largest third office building was sold to confirmed Roger Leggatt, vice- leasing deals in the region this the Health Sciences Association. The big construction news in New president at Cushman & Wake- year, while Wesgroup is eyeing Currently, Wesgroup is com- Westminster, however, is the $1.1 field, the leasing agency. another 200,000 square feet of pleting a residential tower on billion Royal Columbian Hospi- When it launches through the BC office space at its Brewery District the site, with a mix of rental and tal expansion, which has already Lottery Corp. playnow.com site, development. strata apartments, and a company started. Plans call for a new acute- the operation will offer 10 live Directly across from the Royal spokesman confirmed a new office care tower, a larger emergency de- tables for blackjack, two types of Columbian Hospital, which is tower is planned. partment and upgrades to existing baccarat and two types of roulette. undergoing a massive expansion, In the first half of this year in space. Players will be able to see deal- the Brewery District is nine acres New Westminster, total commer- The Anvil Centre office tower finally Bird Construction is the con- ers via live streaming. Evolution’s next to the Sapperton SkyTrain cial building permits totalled $6 has its first tenant. | SUBMITTED tractor for Phase 1 , which includes other studios are in Amsterdam, station and one of the most suc- million, compared with $64.8 mil- a new mental health facility. Con- London, Estonia, Latvia, Romania, cessful mixed-use developments lion in residential permits and $11.5 development manager. struction started in March and will Italy, Spain, Malta and Belgium. in Metro Vancouver. million in institutional and gov- He noted that Westminster complete in late 2019. Leggatt said Cushman & Wake- Virtually all of its 560,000 ernment building permit values. Toyota has submitted applica- “This is wonderful news for field is on the verge of getting some square feet of office space was But there is more commercial tions to build a new dealership New Westminster,” said Mayor other leases “over the goal line” snapped up quickly. TransLink building in the pipeline, accord- in Queensborough; and the old Jonathan Coté. “Royal Columbian that would take a significant por- signed a 20-year lease on 261,000 ing to Blair Fryer, the Royal City’s Keg building is being renovated Hospital is a key contributor to our tion of the rest of the Anvil space. square feet for its eight-storey communications and economic into a new Kelly O’Bryan’s/Carlos local economy.” ■ INFINITE DEVELOPMENT SITE CHILLIWACK AVIATION PARK - UNITS FOR SALE 1. Developable property in the Brookswood BUILDING “C” IN CONSTRUCTION EXPANSION CORP. neighbourhood of Langley. In the OCP for SIX CUBE HANGARS EIGHT AIRCRAFT PARKING LOTS SPECIFICATIONS 10,000 square foot lots. Almost fi ve acres Three sizes Four sizes - 65’x44’ - 60’x44’ • 17’ High Ceiling Asking $5,200,000.00. • 65’X44’ - 60’X44’ - 55’X44’ - 55’x44’ - 50’x44’ • 45’x15’.6” to 55’x15’.6” Bi-fold doors with openers 2. Excellent 60 acres farm land in Langley. • Rough in plumbing for 3675- 232nd st. Langley. It was a mushroom toilet and sink SEEKING JOINT VENTURE farm before but now ready for your ideas. Only asking $3,980,000.00. • Man Door to each unit OPPORTUNITIES • Gas and Hydro 3. 40 acres of blueberry farm with a nice house in • Ample parking & On Commercial, Industrial, Mission. Only $3,300,000.00 washroom facili es Multi-family Residential, & High Rise RAVI PANWAR Call wwww.chilliwackaviationpark.caww.chilliwackaviationpark.ca 604-889-8594 604.771.2401 ❚ [email protected] infi [email protected] Park Georgia Realty Ltd. FFOROR INFORMATIONINFORMATION CallCall : 6604-991-720004-991-7200 OORR 6604-793-593804-793-5938 Rare Opportunity in North Richmond Industrial - Central location, North Richmond SSALEALE EXCLUSIVELYEXCLUSIVELY - Zoned General/heavy Industrial; Outside storage allowed - +/-2.05 acres Waterfront Property - annual bonus income from the log industries WESTERNINVESTOR.COM - +/- 37,000 Sf freestanding manufacturing or distribution warehouse Get informed before you invest - 10-year new very well maintained tilt up concrete building • Exclusive details on - High ceiling with dock & grade loading bays Western Canada’s Done Deals - Over 20 parking stalls on site - Option sales and lease back • Get the inside scoop with - More information available upon signing NDNC agreement expanded coverage of Boya Zhang 778-919-6979 sold properties [email protected] Westcoast Realty $12,500,000 OCTOBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A21 The Centre of Construction The platform for you to Connect, Engage & Learn about the industry. FEATURING • 40+ Accredited Sessions • 225+ Exhibits Join thousands of your industry colleagues at BUILDEX Calgary and take part in Alberta’s largest tradeshow and conference for the Construction, Renovation, Architecture, Interior Design and Property Management industries. HEAR FROM: NIKOLAS BADMINTON GARETH HAYES MOURA QUAYLE MARY LEE DUFF FUTURIST ROLAND BERGER LLC UBC SCHOOL OF PUBLIC POLICY INTERIOR ARCHITECTS AND GLOBAL AFFAIRS NOVEMBER 8 & 9, 2017 BMO CENTRE, CALGARY REGISTER ONLINE WWW.BUILDEXCALGARY.COM A22 | LOWER MAINLAND WESTERNINVESTOR.COM | OCTOBER 2017 Greens push to ban foreign buyers of B.C. farmland FEATURE | Regulations could be tailored after similar legislation in Saskatchewan – but the B.C. drive is really meant to cool a hot housing market in the Lower Mainland received about 15 applications for By WI STAFF with building permits on agricultural Victoria Times Colonist land per year, but the requested [email protected] square footage had grown. One application submitted in 2016 re- s Fraser Valley farmland ap- quested permission to build a near proaches $50,000 per acre, 40,000-square-foot house. Athe leader of the BC Green The report also said staff re- Party is calling for the provincial ceived 26 applications between government to ban foreigners from January and mid-March of this buying farmland in a bid to cool a year. red-hot real estate market. Several provinces, including Housing prices in Metro Van- Alberta and Saskatchewan, have couver dipped temporarily after measures in place regulating who the previous Liberal government can purchase farmland. In Al- implemented a 15 per cent tax on berta, non-residents are limited foreign buyers last summer, but Farmland near Smithers: B.C. currently has no restriction on sales of farmland anywhere in the province. to owning 20 acres of agricultural prices remain the highest in the | AGRICULTURAL LAND COMMISSION land; Saskatchewan limits non- country. resident farmland ownership to Green Leader Andrew Weaver farmland prices across the rest of purchasing farmland would im- 10 acres. said foreign buyers quickly started Western Canada. pact affordability. Weaver said his proposed pro- looking elsewhere for investment “We’re seeing a preponderance of “I don’t understand how pre- hibition would not apply to any- properties, including farmland, mega-mansions starting to appear venting some rich guy from build- one who pays taxes in Canada, where the levy doesn’t apply. on what formerly was agricultural ing a luxury mansion on a farm including Canadians living over- Many non-residents are buying land in parts of Metro Vancouver,” makes an apartment in Vancouver seas and people in the country on land zoned for agricultural use Weaver said. cheaper. I really don’t see that,” work visas. but instead of farming, they’re “While that may incentivize he said. “We want to encourage people building large homes and selling the construction industry in the But limiting large homes on agri- to come live here, work here, pay the property for inflated prices, area, it’s not boding well for the cultural land makes sense, David- taxes here. What we don’t want he said. long term, in which the agricul- off added. is third-party, offshore interests According to Farm Credit Canada tural land is slowly but surely being “I think it’s wrong to have people using our land, our homes, as tools (FCC), farmland values in B.C.’s taken out of production.” building mega-mansions and Andrew Weaver, leader of the BC for speculative investment,” he Lower Mainland increased 17.7 per Using agricultural land for pricey treating them as residential real Green Party: “Agricultural land is said. cent in 2016 from a year earlier – homes instead of farming drives estate if the whole point of [agri- slowly but surely being taken out of The Ministry of Agriculture the highest increase in Canada. up real estate prices and decreases cultural land] is not to be residen- production.” | TIMES COLONIST said in a statement the govern- FCC reports that provincewide food security, Weaver said. tial real estate,” he said. ment shares Weaver’s concerns farmland values rose 8.2 per cent, “We’re now in a situation where About 5 per cent of B.C. is zoned dwelling and owners can apply for about how farmland is being used year-over-year. land and houses are being treated as Agricultural Land Reserve, exemptions to building and land- and has “been clear in our belief A 2016 Vancity credit union sur- as commodities that are traded like meaning it is protected for agricul- use restrictions. that [protected agricultural land] vey found that the per-acre mar- gold or potash or silver as opposed tural use. There are approximately City councillors in Richmond should be used for farming.” ket price for the farmland in the to their purpose,” he said. 150,000 acres of agricultural re- voted earlier this year to limit the B.C.’s housing minister has said Lower Mainland ranges between Tom Davidoff, a business pro- serve land in the Lower Mainland. size of homes on protected agricul- the province is also looking at $150,000 and $350,000 for parcels fessor at the University of British Provincial regulations limit tural lands to 10,000 square feet. the foreign-buyers tax and other of less than five acres. These prices Columbia, said he doesn’t see how the land’s usage, but each prop- City staff submitted a report to measures implemented by the pre- are about 20 times higher than prohibiting foreign buyers from erty is entitled to a single-family councillors in March saying they vious Liberal administration.■ The most credible source for commercial GET INFORMED real estate news! BEFORE YOU INVEST Exclusive details on Western Canada’s Done Deals Get the inside scoop with expanded coverage of sold properties WESTERNINVESTOR.COM OCTOBER 2017 | WESTERNINVESTOR.COM SEA TO SKY/SUNSHINE COAST | VANCOUVER ISLAND | A23 POWELL RIVER RE/MAX OF DUNCAN Ed HHandjaandja & SShelleyhelley MMcKaycKay OPPORTUNITIES SSelf-Storageelf-Storage ffacilityacility PERSONAL REAL ESTATE CORPORATION PERSONAL REAL ESTATE CORPORATION fforor salesale inin VVancouverancouver Your BC Oceanfront Team RREDUCEDEDUCED Specializing in Unique Coastal Real Estate in British Columbia IIslandsland - $5,200,000$5,200,000 EEd:d: 2250-287-001150-287-0011 • SShelley:helley: 2250-830-443550-830-4435 TT.F..F. 11-888-286-1932-888-286-1932 [email protected] & [email protected] Located in the industrial and commercial area of Duncan, on Vancouver Island. The facility has 324 units (41,000 sq ft) with signifi cant expansion potential. The Gross Potential Revenue supports the asking price and 703 FLOATPLANE OPERATION COMMERCIAL WATER LOT LEASE AQUACULTURE LEASE the expenses are within industry norms. Central Vancouver Island. Established, profi table and 30 year lease in Bones Bay, West Cracroft Island. Lease 9 acre water lot lease with aquaculture license in operating fl oatplane company with all licenses, 4 aircraft is 20m x 80m, includes pilings and walkways, not fl oating Lancelot Inlet, Okeover Arm. Includes 0.74 acre and facilities required to conduct business. Domestic and lodge. Domestic water from Bones Bay Creek. Create a uplands lease with caretaker’s residence, crew quarters, International Licenses, share sale. $1,790,000 fl oating retreat in the Discovery Islands. $59,000 workshop, equipment storage and dock. Water access www.bcoceanfront.com about 10 minutes from Okeover Harbour. $229,900 SSelf-Storageelf-Storage ffacilityacility fforor ssaleale iinn Semi-Oceanfront 5+ acres subdivide LLADYSMITH,ADYSMITH, BBCC - $ 1,336,0001,336,000 or develop Qualicum Bay on central Saltair Self Storage Ltd has 132 self-storage units that Vancouver Island currently generate gross annual revenues of $130,038 Semi-ocean front, 5+ acre development site on and have gross potential revenue of $148,080. community water with 2000 sq.ft. rancher & pasta Port Alberni Real Estate Experts manufacturing shop. Currently zoned single family but OCP Occupancy is 97 - 100% with an expense ratio of 33.2% designates Village Centre. Subdivide or plan your future including a generous management fee. development. $1,488,888 Downtown Nanaimo For Lease Turnkey furnished private offi ce space $400+GST per month per offi ce. Open plan 500sqft studio or offi ce with private balcony $1500+GST. Gross leases INCLUDE hydro, DEVELOPMENT PROPERTY a/c, cleaning & security system. 37.7 acre former executive-length golf course Professional offi ce space Dunsmuir Street with views & balcony with outbuildings and potential mobile home from 1668 sq.ft. to 5000 sq.ft. From $12.00/sqft plus OE&T. park development. Just outside city limits, DDevelopmentevelopment PPropertyroperty iinn Ground fl oor open plan lease space 7000 sq.ft. From central to downtown Powell River. $1,800,000 LLADYSMITH,ADYSMITH, BBCC - $1,425,000$1,425,000 $9.00/sq.ft. plus OE&T. Would suit fi tness centre /gym Stocking Creek Development Corp, has prime building Sandy Clark PREC* 250-668-9878 sites in the central and high growth community of Saltair, Personal Real Estate Corporation RREDUCEDEDUCED situated between Ladysmith and Chemainus, B.C.. Stocking Creek has secured a unique C2A small lot zoning 4028 – 7th Avenue, Port Alberni, B.C. [email protected] Royal LePage Nanaimo Realty with a development permit in place to build & market • Attractive 7 unit apartment building 16 Strata Buildings for small commercial businesses. Municipal water servicing is in place, and the installation of • Gross monthly revenue of $4350.00 hydro service is nearing completion. The septic system’s • Close to all amenities. $650,000. design and location have been approved. The fi rst building is completed and is valued at approximately $430,000. RETAIL/SERVICE STRATA UNIT 2038 SQFT end unit in sixplex strip mall in central shopping district. High ceilings, lots of large windows, appealing exterior with covered entrance. Convenient location, excellent CCashash fl ooww PropertyProperty iinn 4510 Roger Street, Port Alberni, B.C. exposure, store-front parking. For sale at $244,500 or lease at $9/sqft + triple net. LLADYSMITH,ADYSMITH, BBCC - $1,868,000$1,868,000 • Centrally located 6 unit apartment The principal assets of Saltair Properties are 15 mobile building LEASE SPACES AVAILABLE home pads, one house and one commercial building • Gross monthly revenue of $3585.00 Westview Shopping Centre - Located on busy Joyce currently leased to the Saltair Food Market. Gross annual Avenue in the largest residential area of Powell River, revenue is $128,304 with a 23.5% expense ratio, including • Walking distance to schools, lots of parking, easy access, excellent exposure a fee for on-site management. There is 100% occupancy, recreation & multiplex. $499,000. Unit 3 – 1627 sqft $14/sqft + triple net and there have been no vacancies in 12 years. The asking Ideal restaurant or retail set-up price is based on a conservative 5.25% capitalization rate. Unit 4 – 5000 sqft $12/sqft + triple net Bright corner unit, ideal retail Call or email for more details EExcitingxciting llocationocation fforor yyourour bbusinessusiness 5038 Montrose Street, Port Alberni, B.C. !" #$ % # & iinn CCowichanowichan VValleyalley - $$430,000430,000 • Solidly built, 10 unit apartment Located in one of the fastest growing areas in the Cowichan ' building Valley, the area provides a perfect balance between lifestyle ()*)+"*""" and work. Blocks away from the ocean, bike trails, sport • Each unit has their own entrance fi elds, Stocking Creek Park and waterfalls that are among • Completely rented out & backs onto the best in area; the development is sandwiched between a green space. $850,000. INDEPENDENTLY OWNED AND OPERATED two growing communities, Ladysmith and Chemainus, and is only 15 - 20 minutes from Nanaimo and Duncan. [email protected] John Morris 250.710.0765 Dave Koszegi Personal Real Estate Corporation [email protected] 250.723.7653 Real Estate Weekly REAL ESTATE WEEKLY The Lower Mainland’s trusted source for real estate news Door-to-door delivery and listings Geo-targeted audiences Widest coverage A24 | VANCOUVER ISLAND WESTERNINVESTOR.COM | OCTOBER 2017 B.C. | WHAT’S HAPPENING Richmond’s biggest industrial [on the cost of building an New energy average Victoria house] you strata fires up on Mitchell Island get to knock off half an air code costly change; for an additional $58,000 you can knock off two air changes compared to what we can do now,” he said. Edge said the additional cost is likely to be wrapped into a mortgage and there- fore will end up costing new homebuyers a lot more over The new B.C. Energy Step the years. “In some cases northern B.C. Code will add up to $80,000 they’ll never get their money An application has been to the cost of a new single- back,” he said. submitted to the provincial family house while having Edge said implementa- Passenger Transportation a minimal effect on energy tion of the new code is also Board to withdraw service efficiency, according to the a problem. As initially pro- from the entire stretch of Victoria Residential Builders posed, the Step Code would Highway 16 and along High- Association (VRBA). allow each of the province’s way 97 from Prince George to The Step Code is an amend- 162 municipalities a choice Dawson Creek and, in turn, ment to the B.C. Building of which tier of the code to along the Alaska Highway to Code announced by the for- adopt. Whitehorse, Stuart Kendrick, PC Urban’s IntraUrban Rivershore will cover 12 acres on Mitchell Island. mer Liberal government this “This implementation cre- the company’s senior vice- | PC URBAN April. ates confusion, multiple president, has confirmed. Local governments around building practices, under- Between a declining rural he biggest strata industrial All units will have a view of the Fra- B.C. are expected to imple- mines a uniform code and population and subsidized project in Richmond is about ser River. services provided by North- ment the energy-saving deviates from B.C.’s agree- Tto break ground on Mitchell “This development will trans- ern Health and, lately, by BC changes. The Step Code is ment with Ottawa to har- Island, with developer PC Urban form Mitchell Island and bring new Transit, he said Greyhound aiming to pre-sell the space at from businesses and users to the island, slated to come into force monize with the National starting December 1, 2017. simply cannot stay above $270 per square foot. rejuvenating the whole area,” said Building Code,” Edge said in The new code is designed water. The 12-acre site, the former West- JLL executive vice-president Bruno a letter to the premier. to reduce the number of air “We’ve just had multiple ern Steel manufacturing plant, will Fiorvento, who is leading the sales According to a Ministry of changes – the number of years of losses on the passen- house 265,000 square feet of modern team. “There are few strata indus- Municipal Affairs and Hous- times a home needs to be ger business,” he said. “The industrial real estate in two buildings trial opportunities close to Van- ing spokesperson, the BC heated per hour. Under the ridership is basically dimin- on the Richmond-Vancouver border. couver and almost nothing on the NDP government is not ready current B.C. Building Code, a ished and we’ve seen some “We found the only remaining site market. This is may be one of the last to comment on the code be- typical new house may aver- increased competition from close to Vancouver suitable for con- projects like this you’ll see close to age three to four air changes cause it is still stepping up to the subsidized services.” ventional strata industrial units ideal Vancouver.” per hour. speed on the issue. In late June, BC Tran- for small and medium-sized busi- Over the past four years, industrial – With file from Andrew Duffy, Vic- But Casey Edge, executive sit launched a new service nesses,” said PC Urban principal, strata property in Metro Vancouver toria Times Colonist director of the VRBA, said connecting Prince George Brent Sawchyn. has increased in value by 42 per cent, because the Step Code targets to Burns Lake and Smith- IntraUrban Rivershore units will Fiorvento said. only new builds, which are ers along Highway 16 West, range in size from 3,640 square feet Richmond has 37.3 million square already being built to high Greyhound wants known as the Highway of to 12,500 square feet, with dock and feet of industrial real estate, the most energy efficiency standards, Tears due to the number of grade loading available, 26-foot clear of any Metro Vancouver munici- there’s a lot of added cost out of north women who’ve gone missing ceiling heights, heavy three-phase pality, but only 2.1 per cent of it is without a lot of benefit. Greyhound Canada wants to or have been murdered along power, fire sprinklers, T5 lighting vacant, according to a recent survey “For an additional $26,000 end bus passenger service in the stretch.■ and built-in upper-floor flex space. by Colliers International. ■ 500 400 300 200 100 0 There are certain things that just make Vancouver, Vancouver. Landmarks, nature, traditions. And of course, Business in Vancouver. In fact, from our perspective, so intertwined are we within the city dynamic, the two are essentially equal parts of the whole. It’s easy, really: Business + Vancouver = Business in Vancouver. We are business in Vancouver. biv.com OCTOBER 2017 | WESTERNINVESTOR.COM VANCOUVER ISLAND | A25 REALTORS® in Real Estatetate WeeklWeeklyy are working hard for you.ou. Whether buying or selling, checkck out the newest and most amazingazing homeshomes listed in your neighbourhood.ourhood. A26 | VANCOUVER ISLAND WESTERNINVESTOR.COM | OCTOBER 2017 DONE DEALS | OUR READERS REPORT ON COMMERCIAL REAL ESTATE Tofino oceanfront resort of approximately 7.25 acres, with 10 cabins, sold for $6.25 million. | ENGEL & VOLKERS VANCOUVER ISLAND. Edmonton multi-family development Apartment rental complex of 124 site, planned for 112 units of units, Sherwood Park, Alberta, sold residential, sold via judicial sale for for $28.3 million. Vancouver’s Nicola Crosby Real Estate has bought five Phoenix industrial sites. | NICOLA CROSBY REAL ESTATE $3.36 million. | CBRE EDMONTON | JLL CANADA FROM | William Wright Commercial, Avison Young agent Matt Thomas NICOLA NABS PHOENIX INDUSTRIAL COMPLEX Vancouver. William Wright agent reports: Marianne DeCotiis reports: DEAL | Six-lot, single-family resi- Vancouver real estate firm paid US$11.37 million as it seeks toehold in U.S. DEAL | A 4,036-square-foot ware- dential land assembly in North house with a 7 per cent return on Vancouver’s Moodyville neighbour- gross revenue. Kidson Road, Na- hood, with 59,675 square feet of Vancouver-based asset management com- “Cabot Business Center is an ideal asset for naimo. Price: $1 million. potential buildable area. Lots are pany has purchased five industrial build- Nicola Crosby’s first purchase in Phoenix,” said located along East 3rd Avenue and A ings in Phoenix, Arizona, for US$11,375,000. Darren Tappen, Kidder Mathews broker. “The FROM | Avison Young Commercial 245 Moody Avenue. Price: $11.2 The 109,805-square-foot, five-storey Cabot central location, freeway access, quality of the Real Estate, Vancouver. Avison million. Business Center is located on East University Drive project, and occupancy level bodes well for the Young agent Michael Buchan sold in Phoenix. The buyer, Nicola Crosby Real Estate, new ownership. They are looking for similar op- the following: FROM | JLL Canada. JLL agent is a subsidiary of Nicola Wealth Management Ltd. portunities as they look to become a key player in DEAL | Two fully leased retail units Samuel Dean reports the follow- The company acquires and manages properties for the Phoenix market,” he said. totalling 4,000 square feet in the ing deals: Spire US LP’s real estate portfolios. The property is 96 per cent leased and is located Kerrisdale neighbourhood. West DEAL | A 60-suite, loft-inspired Kidder Mathews real estate firm represented the within minutes of downtown Phoenix and Arizona 41st Avenue, Vancouver. Price: multi-family building with vendor, Dunbar CBC LLC. State University. ■ $7.81 million. ground floor retail space, sold for -D\&RXVLQV MD\FRXVLQVUHDOW\ $Q,QGHSHQGHQW0HPEHU%URNHU 3+7)(MD\#MD\FRXVLQVFRP:MD\FRXVLQVFRP ADVERTISE WHERE INVESTORS )($785(3523(57,(6 9$1&289(5,6/$1'&200(5&,$/,19(670(1723325781,7,(6 2/'&,7<48$57(51$1$,02 +(5,7$*(%8,/',1*1$1$,02%& ,1'8675,$/=21('3523(57</$17=9,//( ARE LOOKING 6T)W/HYHO(QWU\8QLW8QGHUJURXQG3DUNLQJ )XOO\7HQDQWHG8QLW&RPPHUFLDO3URSHUW\ /HJDO3DUFHOVZEXLOGLQJVRYHU$FUHV 5HFHSWLRQ2IILFHV/DPLQDWH)ORRUV 3UHPLXP/RFDWLRQLQ'RZQWRZQ +LJK9LVLELOLW\+LJKZD\/RFDWLRQ 6WUDWD)HHLV0RQWK 6ROLG5HYHQXH6WUHDP ([FHOOHQW3KDVH5HSRUW 08/7,7(1$17('&200(5&,$/3523(57< 81,7$3$570(17%/'*3257+$5'< 6287+1$1$,02,19(670(173523(57<&200(5&,$/=21('/$1'3$5.69,//( §*DOOHU\5RZ¨$8QLTXH,QYHVWPHQW2SSRUWXQLW\ 6HYHUDO/RQJ7HUP7HQDQWV /RZ9DFDQF\5DWHV $FUH&RUQHU/RFDWLRQDW(QWUDQFHWR3DUNVYLOOH *LQDªV0H[LFDQ&DIHC 0L[RI2OG 1HZ%XLOGLQJV %DFKHORU2QHV 7ZRV (DV\$FFHVV)HQFHG /HYHO 'RZQWRZQ1DQDLPR%& /RZYDFDQF\UDWH,QIR3DFNDJH 6KRZV2YHU&$35DWH =RQHG&7;IRUPDQ\XVHV :HOO(VWDEOLVKHG/RFDO/DQGPDUN5HVWDXUDQW 352)(66,21$/0(',&$/2)),&(675$7$ 5,9(5)521708/7,)$0,/<6,7( 352)(66,21$/2)),&(255(7$,/63$&( 2YHU DEALS ACROSS WESTERN CANADA DONE DEALS | Our monthly feature highlights some of the major property and land transactions across Western Canada’s vibrant commercial real estate market A 4,036-square-foot warehouse on Kidson Road, Six-lot, single-family residential land assembly approximately $258,333 per suite. FROM | Frontline Real Estate Nanaimo, sold for $1 million. in North Vancouver’s Moodyville neighbourhood Princess Street, Winnipeg. Price: Services Ltd., Langley. Frontline | WILLIAM WRIGHT COMMERCIAL sold for $11.2 million. | WILLIAM WRIGHT COMMERCIAL $15.5 million. agent Todd Bohn reports: DEAL | Waybury Park rental DEAL | 11,350-square-foot in- complex with 124 units, sold dustrial lot with three tenanted, for $228,040 per suite. Tisbury free-standing buildings. Mercan- Street, Sherwood Park, Alberta. tile Way, Abbotsford. Price: $3.6 Price: $28.3 million. million. FROM | Lee & Associates, Vancou- FROM | Macdonald Commercial ver. Lee & Associates agent Chris Real Estate Services Ltd., Van- McIntyre brokered the following: couver. Macdonald agents Nick Ten-suite rental apartment building, West 12th A 60-suite, multi-family rental building with DEAL | Residential land assem- Goulet and Stuart Wright report: Avenue, Vancouver, sold for $5.25 million. ground-floor retail space, Princess Street, bly of 14 single-family lots with DEAL | A zero-vacancy South | MACDONALD COMMERCIAL REAL ESTATE SERVICES LTD. Winnipeg, sold for $15.5 million. | JLL CANADA potential for multi-family de- Granville apartment building, velopment, totalling 2.37 acres. Cedar Crest Manor, comprising 10 Properties located along Delestre suites, sold at $525,000 per unit. Avenue, Loring Street and Sunset West 12th Avenue, Vancouver. Avenue, Coquitlam. Price: $30 Price: $5.25 million. million. FROM | Engel & Volkers Vancou- FROM | NAI Commercial, Vancou- ver Island. Engel & Volkers agent ver. NAI agents Rick Lui and Jesse Jay Deleskie sold the following: Godin report the following: DEAL | Oceanfront resort over DEAL Three adjacent lots totalling 14 units of commercial Residential land assembly of 14 single-family lots with | Three adjacent lots in East 7.25 acres, with 10 cabins, camp- space with redevelopment opportunity, Main Street, potential for multi-family development, totalling 2.37 Vancouver, totalling 14 units of ing and RV sites. Pacific Rim Vancouver, sold for $22 million. | NAI COMMERCIAL acres, Coquitlam, sold for $30 million. |LEE & ASSOCIATES office or industrial space with Highway, Tofino. Price: $6.25 redevelopment opportunity. million. Main Street, Vancouver. Price: $22 million. FROM | CBRE Edmonton. CBRE NAI Commercial Okanagan agent agent Bradley Gingerich reports: Philip Hare reports: DEAL | Multi-family development DEAL | 26-suite Jubilee Motel sold site sold via judicial sale with for approximately $46,153 per proposed plans for a 112-unit unit. Skaha Lake Road, Penticton. complex. 105 Avenue, Edmonton. Price: $1.2 million. Price: $3.36 million. 11,350-square-foot industrial lot 26-suite Jubilee Motel, Skaha Two retail units totalling 4,000 with three buildings, Mercantile Lake Road, Penticton, sold for square feet on West 41st Avenue, CLOSED A MAJOR COMMERCIAL DEAL IN WESTERN CANADA? Way, Abbotsford, sold for $3.6 $1.2 million. Vancouver, sold for $7.81 million. SUBMIT TRANSACTION DETAILS AT WWW.WESTERNINVESTOR.COM/ million. |- FRONTLINE REAL ESTATE SERVICES | NAI COMMERCIAL | AVISON YOUNG DONE-DEALS/DONE-DEALS-FORM VANCOUVER ISLAND OPPORTUNITIES Nanaimo Exclusive Offerings Parksville Commercial 44 bed-21 bath townhouse rental buildings Fully leased retail plaza 46767 sq ft of R8 multifamily land Highway exposure with room to expand Redevelopment potential - Individual meters High traffi c & well managed $4.2 Million Inquire for price 134600 sq ft of R6-multifamily land Ocean views in upscale neighbourhood up to 29 approved units Wembley Centre Retail/Offi ce Leases Project marketing in place $998,988 700 sq ft -10000 sq ft Downtown Nanaimo: 21/sq ft plus $7/sq ft C.A.M. Over 16000 sq ft retail/offi ce building Free rent in lieu of improvements Multiple tenants-Inquire for price Anchor tenants including *Save on Foods- Canadian Tire* 2 story retail/commercial building - Multiple tenants-fully leased Inquire for price Recent improvements Inquire for price Large list of Can/US exclusive investments requiring NDA to view. Contact for details Jay Deleskie PREC* 250-755-7257 [email protected] Sales Advisor VANCOUVER ISLAND *Personal Real Estate Corporation www.jaydeleskie.com 97 Commercial Street,Nanaimo, BC, V9R 5G3 A28 WESTERNINVESTOR.COM | OCTOBER 2017 7300 Vedder Rd. BOB PLOWRIGHT CHILLIWACK, BC [email protected] REALTY 1-800-830-7175 www.bobplowright.com 604-858-7179 FOR LEASE IN CHILLIWACK FOR SALE IN CHILLIWACK RETAIL/OFFICE SPACE (3 UNITS) Staples Business Centre INVESTMENT PROPERTIES 723 s. f. full retail space 1,000 s. f. professional office space COMMERCIAL MIX INCLUDES: RETAIL/ 4,226 s. f. formerly a community college, OFFICE & WAREHOUSE with all leaseholds remaining, use as is or owner will change Well established commercial properties with Location for success strong tenant base. Must be sold together LEASE $12 to $20/SQ. FT. TN Plenty of parking and excellent exposure. 45923 Airport consists of retail space in HIGH PROFILE RETAIL/OFFICE HIGH PROFILE RETAIL front, warehouse in back and offices above. Substantially renovated 12-13 years ago 612 to 2289 s. f. office 1,490 sq. ft. retail space complete with HVAC and windows 860 to 1,500 s. f. retail Excellent exposure, close Updated Façade and repointing of cement Downtown location to Cottonwood Mall block construction 2016 Visible from HWY 1 FOR SALE 45935 Airport constructed +/- 16 years Quick possession avail. Quick possession avail. ago. Retail on main floor and & office above LEASE FROM Plenty of onsite parking LEASE FOR Plenty of onsite parking $2,279,000 Contact Agent for Non-Disclosure $9.50 to $10/S.F.TN $14.00/SQ. FT. TN 5.54% CAP RATE ON Agreement to receive Rent Roll Details ASKING PRICE RETAIL/OFFICE SPACE RETAIL/OFFICE SPACE DEVELOPER/BUILDER OPPORTUNITY INVESTMENT PROPERTY 806 s.f. retail/office Prime retail space with Located on high traffic high exposure and with corner lot some of the highest traffic counts in the Chilliwack SALE SALE Well maintained area $1,395,000 LEASE Close to many apart- LEASE FROM Up to 4,280 sf retail space $439,900 $9.50/SQ. FT. TN ments & condos $4.00/SQ. FT. TN on lower floor This property offers the purchaser a number of Located in the center of the No. 1 growth area in options for future development. The potential to Chilliwack, 1 blk to Canada Education Park & Garrison RETAIL/WAREHOUSE HIGH PROFILE RETAIL rezone the property includes: R1-B, R1-C, R1-D Zones Commercial property contains separately metered Located in the City’s Downtown Historic Walk area 800 to 2,825 sq. ft. 1,720 sq. ft. space 10 x 2 bdrm & 1 x 1 bdrm, plus shared laundry facilities Ideal opportunity for a developer/builder or the buyer Located in densely Present use is non-conforming to current P2 Zone, Prime retail/ who wants to live in a location close to everything possible rezoning to C2 Zone warehouse space populated East Chilliwack Lot is approximately 66’ x 125’ or 8,232 sq. ft. Frontage onto Vedder Rd. +/- 70FT Onsite parking Ideal for: doctors, dentists, walk-in clinic, pharmacy, DOG GROOMING BUSINESS LEASE FROM High profile corner LEASE retail etc. BUSINESS WITH PROPERTY $10.00/SQ. FT. TN Storefront $10.00/SQ. FT. TN Onsite parking SALE: HIGH PROFILE RETAIL ~ BUY OR LEASE SALE: $849,900 Lease from 1,400 to 5,866 sf $36,900 2 Strata Buildings from 5,802 to 5,866 s.f. HOPE, BC Located on busy main road, high visibility Turnkey dog grooming and shampoo business Wide range of options located adjacent to veterinarian Own and operate the very successful Bee’s Food Market on main street of Hope. One of a kind High traffic Sardis location Includes: business, commercial building, a 3 bed All lease holds and equipment near new residential suite, fully fenced yard & loading area SALE FROM $1,440,000 ~ LEASE FROM $12.00/SQ.FT. Steady clientele with opportunity to expand and Property in excellent condition and well main- WAREHOUSE WITH OFFICE RETAIL SPACE receive referrals from veterinarian tained Be your own boss. LEASE MEDICAL STRATA UNITS - 3 UNITS FROM Ideal location for a medical related business $15/SQ. FT 3 blocks from Chilliwack General Hospital TN Bldg has a pharmacy, elevator & onsite parking 3,427sq. ft. warehouse 2,267sq. ft. warehouse Join other successful medical professionals space with office locat- space with 1,155 office New commercial retail/service centre on main Priced well below replacement cost ed in industrial area space in industrial area shopping corridor Prime business location High end finish. Very 12 x 14 roll up door, Ideal for stores, food outlets, doctors dentists Unit 201 - 3,067 sq. ft. SALE $234,900 practical and useable 20’+ ceilings Units range from 1200 to 10,600 sq. ft. Unit 301 - 721 sq. ft., SALE $59,900 industrial space Shared compound 1/2 km from main entrance to HWY 1 Lease for $12.00/s. f. Lease for $11.00/s. f. Unit 403 - 624 sq. ft. SALE $59,900 Aldergrove Industrial Building Ray Yenkana Approximately 20,000 sf open area plus offi ce, workshops CCIM, ABR. and 2 large protected storage areas and a 3600 sf REMAX LITTLE OAK 800-668-8661 outbuilding. Fully sprinklered with abundant power for any operation. 2.34 acre subdividable property is level with [email protected] two road frontages and easy access to Fraser Hwy, Number 1 Freeway and the US border crossing.SOLD www.rayyenkana.com (listing details) $4,900,000 Clayton Development site! WE HAVE QUALIFIED INVESTORS 2.42 Acres of clean level land with no easements etc. Services are only a few blocks away. Designated Urban in the Surrey OCP. An excellent holding property. $2,550,000. IF YOU HAVE A COMING SOON! RAYPOSITIVE YENKANA’S CASH FLOW PROPERTY, Cloverdale WarehouseAL BAINBRIDGE SPACE LET’S CHAT. 12,000 SF warehouse on .5 acre in south Cloverdale. Very central location. Minutes to the freeway I HAVESPACE QUALIFIED BUYERS and border crossing. Beat the crowd and call now! FOR LAND AND COMMERCIAL PROPERTIES Prime Mall WITH REVENUE. Freestanding highly visible building with a national tenant in a busy Cloverdale mall. This is a grade A investment opportunity that doesn’t come along very often. Call now because it’s sure to sell quickly. LARGE RESIDENTIAL 10 Acre prime heavy industrial site BUILDING LOT Fraser River access. Price to be determined. Call now to be fi rst on this rare industrial property. Al Bainbridge 604-533-3491 [email protected] 3/4 acre east side of Abbotsford. $499K Personal Real Estate Corporation RE/MAX Treeland Realty Vancouver Office: 604 683 7535 TF: 1 866 717 6989 Langley Office: 604 534 7974 TF: 1 800 890 9855 naicommercial.ca Realizing Potential, Delivering Results. Unique Church Property Office Lease by SkyTrain For Sale SMARTER 8,038-SF Strata Unit, Surrey, BC Downtown Professional Offices 108 acres with views of the Rare church opportunity with New Westminster, BC Okanagan Lake MANAGEMENT plenty of Sunday parking 1,727-sf corner view, 8 windows West Kelowna, BC Professionally finished Next door to SkyTrain & parking Drone footage available at: Most furnishings & equipment 10 ft ceilings & heritage features youtu.be/KBjtKf0bvXw BOOSTS CASH FLOW included Handicap accessible Asking: $4,000,000 Asking: $2,180,000 Competitive Lease Rates Gary Niesner & Don MacDonald, CCIM Don Ellis, RI Gary Haukeland* & J-D Murray [email protected] 604-691-6668 [email protected] [email protected] [email protected] [email protected] HIGHWAY 15 (176 th ST) 0 AVENUE USA BORDER Farm, Ranch & Estate For Sale Development Site 17911-0 Avenue, Surrey, BC 19.83-Acre Ind. Site, Ready To Go 53 Acres (Non-ALR) 55.53 acres in an incredible South Kamloops, BC Merritt, BC Surrey/Hazelmere Valley location Large industrial site 53 acres zoned R-3, R-2 +FD Holding property with existing Subdivision potential Services at street revenue stream All services nearby Potential for partial MHP zoning Site is cleared & ready for planting Seller may consider trades App’d. for S/F + estate view lots Asking: $5,900,000 Asking: $5,950,000 Asking: $1,690,000 Chris, Don & Gary Chris Langhaug Chris Langhaug 604-534-7974 604-240-6224 604-240-6224 Toll-Free: 1-800-890-9855 [email protected] [email protected] For Sale Building & Land Self-Storage Facility Development Lot 1774 East Hastings Street Innisfail, Alberta Langley, BC Vancouver, BC 218 inside units, 406 RV spaces 1.13 acres, serviced 5,280 sf (44’ x 120’) on 26.32 acres C2 zoned for retail & multi-family Redevelopment potential Three-bedroom home Clean environmental Potential to assemble New construction & hwy exposure OCP will allow up to 8 storeys Asking: $4,950,000 Asking: $3,650,000 Asking: contact agent Ken Kiers* & Don MacDonald, CCIM Conor Finucane* Dan Goldstrom (NAI Advent) 604-514-6824 604-691-6604 604 209 2222 [email protected] [email protected] [email protected] *All asterisks indicate Personal Real Estate Corporation WHERE INVESTORS ARE LOOKING MARKETING COMMERCIAL REAL ESTATE IN WESTERN CANADA 2017 Media Kit COMMERCIAL REAL ESTATE | FRANCHISES | BUSINESS OPPORTUNITIES $4.29 • OCTOBER 2017 • VOL32/10 KAP HIROTI FRANCHISING PROPERTY MANAGEMENT RECREATION | 8 RESORTS FIND FOCUS ON SMALLER LANDLORDS | 6 SMALL IS BIG More space for guests, fewer rooms, lead to higher profits at some British Columbia resorts CRE INVESTING | 10 CALGARY VS. EDMONTON As Alberta recession recedes, which city has the lead in commercial real estate investment? CONTENTS Full index 3 The Numbers 4 Recreation 8 Calgary vs. Edmonton 10 Alberta report 12 Man.-Sask. report 14 PUBLICATIONS MAIL AGREEMENT 40069240 1 0 0 6 0 3 5 8 1 8 2 9 1 9 Read online at www.westerninvestor.com B2 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | OCTOBER 2017 FRANCHISE HOTEL FOR SALE, CENTRAL BC FAMILY PLUMBING & BASED GAS-FITTING BUSINESS BUSINESS Located in a small community in the West Kootenay Are you ready to take the step up to ownership? Th is area of B.C., this general store, fuel stop & service centre Nelson-based company has built a sterling reputation in is a thriving hub and profi table business. Comfortable 3 the area. Household repairs to commercial installations, bedroom accommodation, with large garage and fenced they do it all. Th ere are currently 8 full-time plumbers, yard included. Additional 10 lots adjacent to this site plus admin and support staff in place. Sheet metal shop are also available as a separate purchase. included. Trade name can be included. $549,500 + Inv. MLS 2423888 $399,000. MLS 2422532 Proudly presenting “Quality Inn & Suites” in Quesnel, Central BC for Please contact Financial package on both of these busineses is available to qualifi ed individuals. sale, located within one of B.C.ʼs fastest growing communities. John Yun - 83 Guestrooms (28 Kitchenette, 7 Executive & H/M Suites with Jacuzzi) on 1.9 Acres Cell: 604-500-4339 Nelson, Call Lorne Westnedge - Well maintained and regularly upgraded, renovated and kept in pristine condition. [email protected] 250-505-2606 - Ranked 2nd of 15 hotels on TripAdvisor (Certifi cate of Excellence in 2015 & 2016) British Columbia www.nelsonrealestate.com or toll free 1-855-352-7252. - Strong, steady, uprising income stream since major renovation & re-branding in 2012 RHC Realty [email protected] - Asking Price: $5,500,000 (Share Sale) Each Offi ce Independently Owned and Operated BUSINESS ADVISORY PRACTICE 604 683 7535 FOR SALE naibusinesses.ca Columbia Gardens Apartments - Revelstoke Rivers Edge Apartments - Revelstoke • Income producing • Income producing 44 73 unit, 4 building unit, single apartment complex building • 7.5% Cap Rate on • 7.1% Cap Rate on Projected 2017 Net Projected 2017 Net Businesses For Sale – Central Interior BC Income Income ` • Offered via conduct • Offered via conduct of sale of sale Heating & Welding & Restoration Price: $11,795,000 Price: $6,395,000 Plumbing Fabrication Services Business Business Company Waterfront RV Park & Agricultural Land Income Producing Apartment Buildings • 44 acres including a • 2 bldgs w/ 26 rental ` In business for over ` In business for over ` Family owned operation 6.55 acre waterfront units 15 years 30 years ` Experienced team of RV park and 37.44 • Rents below market, ` One of the largest ` Custom machining, professionals handling acres of agricultural 25,552 SF in unused hearth dealers in Central fabricating & welding cleaning and restoration land FAR Interior BC projects ` Consistently profitable • 5.0% Cap Rate on • 4.8% Cap Rate on ` Business continuously ` Limited regional ` 24-hour emergency 2016 NOI current rents growing competition service Price: $8,000,000 Price: $4,990,000 ` Revenue: $2,400,000 ` 5-Year Average EBITDA: ` Revenue: $850,000 ` EBITDA: $500,000 $450,000 2700 Richter St. Kelowna, BC V1Y 2R5 ` Includes $600,000 inventory T (250) 712-3130 F (250) 860-1600 ` Price: $1,300,000 ` Price: $1,200,000 ` Price: $575,000 E [email protected] Alf Sanderson* Delon Cheung* 604 691 6646 604 691 6654 HMCOMMERCIAL.COM [email protected] [email protected] Macdonald Realty Kelowna *Personal Real Estate Corporation *Personal Real Estate Corporation Accelerating success. 2312 36th Street Vernon Louie Dr & Bering Rd Westbank 1603 Dartmouth Rd Penticton Main St & Elliot Rd West Kelowna NEW LISTING - INVESTMENT DEVELOPMENT OPPORTUNITY NEW LISTING - LARGE INDUSTRIAL LOT NEW LISTING - RETAIL BUILDING W/ DRIVE-THRU HIGHWAY 97 Tenanted rental apartment on .825 acres in quiet High profile site, 6.771 acres with excellent 4.337 acre prime industrial property in Central Two titles with ±2,550 SF free standing building area of Vernon. 22 single bdrm units all ±700 SF, visibility from Hwy 97. Adjacent to Superstore and Penticton. Great access to key truck routes and with existing drive-thru on a .47 acre corner site. centrally located. other major shopping centres. Chris Wills zoned M3. Turnkey restaurant opp with dev potential. Jack Shabbits Personal Real Estate Corporation Jack Shabbits $2,450,000 Chad Biafore $8,200,000 Murray Wills $4,400,000 Chad Biafore $1,695,000 Perry Freeman Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation 19-364 Lougheed Road Kelowna 2800 Highway 97 N Kelowna 9015 Jim Bailey Rd Kelowna 50th Street NE Salmon Arm BUSINESS WITH BUILDING HIGHWAY DEVELOPMENT OPPORTUNITY INVESTMENT OPPORTUNITY CLUB SHUSWAP GOLF & RV RESORT McCURDY HIGHWAY 97 Profitable, well respected woodworking business 1.58 acre, highway development site with over 6 fully leased office units with warehouse space 117 acre golf and rv resort featuring 167 approved and building for sale. Includes industrial building, 1,000 feet of frontage. Exposure to over 50,000 totalling 13,500 SF GLA on 1 acre with fenced RV lots, 3 houses, clubhouse, driving range, 27 business and all fixtures & equipment. vehicles/day. City is open to rezoning possibilities. yards. Newly constructed in Spring 2017. hole golf course, 18 hole putting course. Contact Listing Agent Murray Wills $2,195,000 Perry Freeman $3,200,000 Peter Taillon $4,900,000 Chad Biafore Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Kelowna +1 250 763 2300 | www.collierscanada.com/kelowna INTERIOR B.C. | ALBERTA | SASKATCHEWAN | MANITOBA Contents | OCTOBER 2017 COLUMNS & FEATURES FEATURES CALGARY FORUM The Numbers 4 12 Our monthly snap stats on the numbers that matter Calgary Real Estate Forum chair Darryl Schmidt is expecting another sellout for the More land, fewer rooms boost resorts October 26 event Guests willing to spend more to escape crowds 8 TENANTS TAKE CONTROL 14 Edmonton’s spending edges Calgary A glut of Class A office Capital has a slight lead in total investments 10 space means that Regina tenants are in the driver’s seat and Class B owners may be facing a crash ADVERTISING DIRECTORY WINNIPEG NEEDS INDUSTRIAL 14 Interior B.C. 2-6 A lack of new space and Northern B.C. 7-9 a lot of aging buildings Alberta 10-13 are hampering recovery Saskatchewan/Manitoba 13-15 in Winnipeg’s industrial market, agents say MORE OPPORTUNITIES SECTION A Lower Mainland, B.C. and Vancouver Island COVER FEATURE Kap Hiroti of Vancouver is leading Canada’s first property man- agement franchise for Real Property Management l CHUNG CHOW 6 Call: 604.669.8500 or 1.800.661.6988 | Fax: 604.669.2154 | Email: [email protected] or visit us online at: www.westerninvestor.com | 303 WEST 5TH AVENUE, VANCOUVER, B.C. V5Y 1J6 www.BCMotelsForSale.com www.SyberRealty.com www.BCResortsForSale.com CED CED RREDUCEDEDU RREDUCEDEDU Cache Creek, BC Excellent Package in Southern BC Highway 16 – Burns Lake • 45 Units On The Trans-Canada Highway Chase BC • Two Separate Properties -Includes Land & Buildings • Liquor Store & Pub with Land & Buildings • Excellent Revenue Solid Net Income • Located between Kamloops and Salmon Arm • One is a Liquor Store, One is Pub • Excellent Liquor Store Volume • Many Recent Upgrades • Excellent 12 Unit Motel with Excellent Return! • Both Excellent Business – Easy Access • Easy Access Location with Great Parking • Swimming Pool • Very Nice Living Area with Private Patio • Strong Income and Growing! • Building is in Excellent Condition • 10 Kitchenettes • Metal Roof, Newer Windows, Nice Yard! Asking $3,200,000 - Call Larry Asking $1,298,000 $1,150,000 - Call Larry Asking $2,349,000 - Call Larry Asking $798,000 - Call Larry Creston, BC Kootenay Flooring Store South Okanagan Kennel Business Radium Hot Springs • 24 Pad Mobile Home Park (3 Park Owned Units) • 1st Time Offered by Original Owners • Purpose Built Kennel Plus 2 houses; • Excellent 22 Unit Motel Near National Park • 44 RV and Tent / Camp Sites • Very Well Established With Minimal Competition • Desirable South Okanagan Location • Spacious Owner’s Living Area • 8.79 Acres with Excellent Home + Rental Cabin • Extremely Profi table business • Very Profi table and Operating at Near Full Capacity • Beautiful Outdoor Pool and Hot Tub • Trained Manager Available • Vendor Can Finance Qualifi ed Buyer Asking $1,595,000 for complete package • 3 Hours from Calgary! Strong Sales! (real estate & business) or $425,000 for business alone. Asking $1,798,000 – Call Larry Asking $595,000 + Inventory – Call Ron Good lease available. Asking $ 1,049,000 - Call Larry Elkford Opportunity Kamloops Liquor Store Southeastern BC Motel Kootenay Region • Easy to Operate Liquor Store! • Excellent Liquor Store • 35 Plus Unit Motel • 28 Unit Motel with Pub and Restaurant • 22 Motel Units, Pub and Leased Restaurant • Money Making Pub Business • Swimming Pool and Hot Tub • Excellent Family Operation • Low Competition Setting and Very Busy! • Amazing Cash Flows, Not a lot of Competition • Lease Income. Strong Summer and Winter Sales • Beautiful Small Community on Slocan Lake • Excellent Coal Town in East Kootenay Area • Excellent Area of City! Do not Miss This! • Great Area to Live, Play & Work! • Great Area to Live and Play! Asking $2,480,000 - Call Larry $3,498,000 - Call Larry Asking $1,989,000 – Call Larry Asking $ 689,000 – Call Larry 250-862-8100 MEMBER of the Canadian I.C. & I Council KELOWNA www.syberrealty.com Ron Palmer Larry Berisoff [email protected] Agent / Broker [email protected] B4 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | OCTOBER 2017 LEADING TRENDS | THE NUMBERS Our monthly BANK OF CANADA snap stats showing leading trends 1.0% OVERNIGHT affecting western real estate LENDING RATE armland across Canada has increased in value steadily since 1993, post- Fing a 7.9 per cent national increase from 2015 to 2016. All western provinces Commercial and industrial real estate Building permit values experienced increases in value in 2016, led by a 9.5 per cent increase in Alberta, an 8.2 Office vacancy rate* Industrial vacancy rate† Vancouver $858 million Vancouver 6.9% 3.0% per cent increase in B.C. and an 8.1 per cent Calgary $332 million Calgary 27.7% 9.3% increase in Manitoba. Edmonton $392 million Edmonton 20.6% 8.5% Regina $65 million Agricultural land in the B.C. south coast Regina 12.4% 3.2% Saskatoon $53 million region, including the Fraser Valley, has Saskatoon 15.0% 7.6% Winnipeg $178 million seen the highest regional increase in value Winnipeg 10.8% 3.8% in Canada. “The 17.7 per cent increase was due to SOURCES: CBRE; COLLIERS INTERNATIONAL, Q2 2017 *DOWNTOWN VACANCY SOURCE: STATISTICS CANADA, JULY 2017 + METRO VACANCY RATE, continued expansion by local producers, as well as some demand driven by increased interest in rural property,” states Farm Total monthly retail sales Apartment rental vacancy MLS home prices (all types combined)* Credit Canada’s 2016 report. “Moderate commodity yields and prices later in the B.C. $7.2 billion Vancouver 0.7% Vancouver $1,029,400 season tempered the farmland market.” Alberta $6.9 billion Calgary 7.0% Calgary $442,300 Farmland real estate in Alberta was not Saskatchewan $1.6 billion Edmonton 7.1% Edmonton $373,438 heavily affected by depressed oil and gas Manitoba $1.6 billion Regina 5.5% Regina $306,800 prices. Value increases were second only to Saskatoon 10.3% Saskatoon $316,700 P.E.I., thanks in large part to the province’s Winnipeg 2.8% Winnipeg $285,231 grain sector expanding in the north. The *ALL TYPES OF HOMES COMPOSITE PRICE, METRO REGION SOURCE: CANADA MORTGAGE AND HOUSING CORP. SOURCES: CREA, LOCAL REAL ESTATE BOARDS AND ASSOCIATIONS AS OF AUGUST 2017 northern region posted an 11.8 per cent SOURCE: STATISTICS CANADA, JUNE 2017 RENTAL MARKET REPORT, OCTOBER 2016 increase over 2015. Most sales took place through auction sales or sealed bids from grain producers competing for available Labour Farmland value increases 2015-2016 land. 2015 2016 Increases across Manitoba were strength- Unemployment rate Average weekly wage ened by desirable growing conditions for B.C. 5.1% $944 16% soybean, wheat and canola crops. The Cen- Alberta 8.1% $1,131 tral Plains-Pembina Valley region saw the Saskatchewan 6.4% $1,001 highest provincial increase of 11 per cent, Manitoba 4.9% $897 12% 12.4% primarily due to private land transactions 11.6% SOURCE: STATISTICS CANADA, AUGUST 2017 SOURCE: STATISTICS CANADA, JUNE 2017 between landlords and renters. 8% 9.5% 10.1% 8.2% Saskatchewan saw increases in some re- 8.1% 7.9% gions but remained flat in rural areas. Less Resource sector than ideal weather in some areas seemed 4% 6.5% to depress prices. Still, the southwest- Gold Copper Oil Natural gas ern region saw an impressive increase of $1,331 $3.04 $48.05 $2.95 16.6 per cent, bolstered by the area’s lentil per ounce per pound WTI/per barrel per gigajoule B.C. Alberta Manitoba Canada harvest. ■ SOURCE: NASDAQ – Tanya Commisso ALL PRICES IN U.S. DOLLARS; PRICES AS OF SEPTEMBER 11, 2017 SOURCE: 2017 FARM CREDIT CANADA FARMLAND VALUES REPORT Accelerating success. 1130-1150 Tranquille Rd Kamloops Domenic’s Marine Kamloops 3261 Westsyde Rd Kamloops 73 Taren Dr Clearwater Stand-alone retail office space with Established marine business for sale Light manufacturing with 10,000 SF Commercial and residential building shop and a large secured pull-thru lot. with land and building at 461 Dene Dr. building on 0.9 acres for sale or lease. with broad zoning on 2.35 acres. $12/SF $4,250/Month Ken Ellerbeck Ken Ellerbeck $935,000 Tanya Cokran $3,640,000 Stephan Klausat $650,000 Mona Murray $469,000 Mona Murray Personal Real Estate Corporation Personal Real Estate Corporation 8919 Thuya Creek Rd Little Fort 8-2121 East TCH Kamloops 1800 Mission Flats Rd Kamloops Garden Centre Lone Butte RV development for 38 bare land strata Office or retail space in busy complex 4.44 acre light industrial development Horse Lake Garden Centre business for lots to sell or operate as RV park. with Trans Canada Highway exposure. zoned for medical marijuana production. sale on 5 acres with 5 bedroom home. Ken Ellerbeck Ken Ellerbeck $799,000 Mona Murray $26/SF Tanya Cokran $1,300,000 Mona Murray $1,510,000 Stephan Klausat Personal Real Estate Corporation Personal Real Estate Corporation This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, represenations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliabilitiy. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International exludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and exludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2017. All rights reserved. This communication is not intented to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. PO #12100 Unit 315 - 546 St. Paul Street, Kamloops, BC, V2C 5T1 | +1 250 372 2277 | www.collierscanada.com OCTOBER 2017 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | B5 KAMLOOPS Corporate Development Permit for FFOROR SSALEALE EELL CCAMINOAMINO MMOBILEOBILE HHOMEOME PPARKARK 97 Townhouses Accord Realty Peachland BC LTD. 11.34 ac, breathtaking lake views, walking distance to City Centre & Okanagan Lake KELOWNA AREA: $6,200,000 MLS 10129281 72 unit complex - 2 buildings Kelowna: Fully Occupied Hwy. Lake View Development 46-two bedrooms / 26-one bedrooms Retail/Offi ce Building on 3 ac, West Kelowna BC Grosses over 600k annually • 20 Acres MHP in Cranbrook 5.4% cap, 74,469 rentable sf, Phase 3 & 4 on 10.32 ac, projected for 59 lots $9,500,000 • 62 Pads in 10 Acres & 10 Acres Land • Connected City Water & Sewer 24 tenants & 205 parking stalls $3,950,000 MLS 10131475 For information contact Zach Lidster • Owner wants to retire after 24 Years Silvia von Deichmann Brendan Shaw Real Estate $3,600,000 MLS # C8013903 250-869-0101 Cell: 250-571-8736 Hang Lee (604) 805-9966 251 Harvey Ave., Offi ce: 778-471-1498 Hanna Realty Kelowna, BC V1Y 6C2 [email protected] Each offi ce is individually owned and operated Email: [email protected] [email protected] $17,500,000 Own your OWN INVESTMENT PROPERTIES FOR SALE Kelowna: Fully Occupied MECHANIC/TIRE Shop! Retail/Offi ce Building on 1.3 ac, Oliver, BC P 250-372-1232 | www.CMLPROPERTIES.ca 5.2% cap, 17,000+ rentable sf, 6 tenants & 55+ park. stalls, $5,375,000 RREDUCEDEDUCED $1,730,000 RREDUCEDEDUCED $2,990,000 Merritt: Fully Occupied Low Rent Shopping Mall, 5.4% cap, 24,000+ rentable sf on 1.8 ac, 80% national tenants $3,600,000 • 4 Bay FULL Mechanical and Tire Shop designed by the owner, who is soon retiring. • Turn key business, includes building and West Kelowna: 3250 sf Retail land. ϲϱϭͲϲϱϵsŝĐƚŽƌŝĂ^ƚƌĞĞƚ͕<ĂŵůŽŽƉƐ KůĚ<ĂŵůŽŽƉƐ&ŝƌĞ,Ăůů͕ϭϮϱϰƚŚǀĞŶƵĞ Building on 1.25 ac with Hwy • Zoned M2 – Heavy Industrial frontage and room to expand • Situated on .52 acre ZĂƌĞŽīĞƌŝŶŐ >ĂŶĚŵĂƌŬďƵŝůĚŝŶŐ $1,750,000 • Industrial, steel frame building constructed in 2000, Measures 48’x96’. ϮƐƚŽƌLJĐŽŵŵĞƌĐŝĂůďƵŝůĚŝŶŐ ǁŝƚŚĚƵĂůĨƌŽŶƚĂŐĞŝŶƉƌŝŵĞ Downtown Kelowna: 5076 sf • Approx 1150 sqft (2 bedroom) apartment ŝŶĚŽǁŶƚŽǁŶ<ĂŵůŽŽƉƐ ĚŽǁŶƚŽǁŶ<ĂŵůŽŽƉƐůŽĐĂƟŽŶ located on the level above the offi ce area. full building on 7131 sf lot Long term tenants KĸĐĞͬƌĞƚĂŝůŵŝdž $1,495,000 • Main fl oor has an offi ce, reception, washroom area & employee facilities. Building upgrades throughout Basement storage • Mezzanine within the shop. B. Comm Underground and exterior parking stalls džĐĞůůĞŶƚĞdžƉŽƐƵƌĞ PETER BOUCHARD, • Very clean and has up to date equipment. 250.470.9551 [email protected] 'ƌŽƵŶĚŇŽŽƌƌĞƚĂŝůĂŶĚϮŶĚŇŽŽƌŽĸĐĞƐ ϮϲƐƵƌĨĂĐĞƉĂƌŬŝŶŐƐƚĂůůƐ Priced at $1,695,000 plus stock STEWART DUNBAR, Dipl. MMRE ĂƐĞŵĞŶƚǁŝƚŚĂŵƉůĞƐƚŽƌĂŐĞĂŶĚůŽĐŬĞƌƐ Fully leased – great revenue Personal Real Estate Corporation For more detailed information, 250.718.8775 [email protected] please contact us at DĂƩtĂůůŝŶ͕͘Žŵŵ͘ ƌĂŝŐDĐ/ŶƚLJƌĞŽƌWŚŝůDĂƐŽŶ CorpAccord.com [email protected] or 250-372-1232 ext.102 250-372-1232 ext.103 250-372-1232 ext.114 call 250-498-9487 ŵĂƩΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ ĐƌĂŝŐΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ ƉŚŝůΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ #219-1980 Cooper Rd, Kelowna | naiokanagan.ca Sales, Leasing & Property Management For Sale 4400 & 4600 Canoe Beach Rd, Salmon Arm 3946 – 3976 Beach Avenue, Peachland 8.75-acre development site: two adjacent 4.1-Acre, tourist commercial zoned land parcels of 3.75 acres and 5 acres Penticton Motels across from beautiful Okanagan Lake R-4 zoning allows for 40 units per hectare Asking: $999,000 68-Room Motel Asking: $9,750,000 For Sale Located in downtown Penticton 8259 & 8280 Wallace Road, Vernon 4740 Trepanier Road, Peachland Okanagan Lakeside, steps to beach 1602 Maier Road, Sicamous Two 40-acre parcels Under Contract 42.75 acres bordering HWY 97C and Sicamous Truck & Car Wash Asking: $5,900,000 Trepanier Creek Greenway Subdivision potential into 5-acre parcels Significant upgrades and solid cashflow Beachside Motel Zoned A1 and is not in the ALR 10 minutes to Silver Star Mtn Resort and Two-bedroom residential suite City of Vernon 27-unit motel Property also Asking: $1,990,000 Asking: $1,895,000 8259 Wallace Rd: $799,000 located steps includes retail ice from Skaha Lake cream sales 557 & 567 Clement Avenue 844–852 Crowley Avenue, Kelowna 8280 Wallace Rd: $999,000 Asking: $3,495,000 & 1215 St. Paul Street, Kelowna 5,240 sf office/shop with newer 1,815 sf 3 lot land assembly in Kelowna’s residential suite (4 bedrooms) above Okanagan Micro Brewery Downtown,Under total Contract lot area of 16,590 sf Tim Down Asking: contact agent I-4 IndustrialUnder Zoning Contract 250 864 9140 Asking: $2,295,000 3 legal lots with large fenced yard storage [email protected] Business with Property and secure vehicle gate Salmon Arm Go Karts & Mini Golf For Sale or Lease Asking: $1,190,0000 9110 & 9120 Main Street, Osoyoos Located on the Trans-Canada Hwy 9415 & 9419 Spartan Drive, Osoyoos Asking: $589,000 1340 St. Paul Street, Kelowna Mixed-use development opportunity Rare 730 feet of prime development Comprehensive Development zoning Restaurant Asset Sale Solid concrete block building totaling lakeshore on Osoyoos Lake 8,000Under sf Contract allows for 237 Residential units & #104-3466 Carrington Road, W. Kelowna Asking: $1,975,000 1.913 acres over 3 individual parcels 45,000 sf of Commercial Turn-key operation Sewer and water available ±450’ of lake frontage Asking: $89,000 Mike Geddes* Town of Osoyoos supportive of Asking: $2,995,000 250 878 6687 development for low density projects Philip Hare [email protected] Philip Hare & Tim Down 778 214 2150 *Personal Real Estate Corporation Asking: $3,250,000 778 214 2150 | 250 864 9140 [email protected] B6 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | OCTOBER 2017 New franchise “lucrative and stable business model” COVER | Real Property Management launches Canada’s first national property management franchise network a “mobile franchise” that costs By WI STAFF $18,000 to start up and is often [email protected] run from the franchisees’ home office. Once franchisees establish their client list, they can move up -based Real Property to a $36,000 franchise with an Management (RPM) has US office branded and supported by chosen Vancouver as the head- RPM. This compares with RPM’s quarters for Canada’s first prop- U.S. franchise fees that start at erty management franchise US$50,000. business, and it plans to develop “We plan to cap the number of a tight team of franchisees to build B.C. franchises at 10 and then its network. build them up,” Hiroti said. Kap Hiroti, vice-president of RPM’s goal is to have no more operations, has already signed up than 150 franchisees across the three franchises in Metro Van- country. couver and Victoria since opening While Canadian property man- earlier this year. Kap Hiroti, vice-president of operations for Real Property Management, plans to cap Canadian property agement fees are suggested by RPM has set up on West Pender manager franchises at 150 – just 10 in B.C. – and then “build them up” | CHUNG CHOW RPM, individual franchisees have Street in Vancouver, but Hiroti the freedom to decide what they said there is need for professional Saskatchewan, rental property in demand as more novice land- first place, Hiroti noted. charge their clients. Hiroti said property management across the managers are also required to have lords get into the residential rental “A large part of our operation is these fees generally work out to province, especially in Prince a broker’s licence. business. focused on prudent screening of approximately 10 per cent of the George and Fort St. John. “We do everything, includ- prospective tenants,” said Hiroti. rent collected. “There are a lot of investors ing marketing, finding tenants, “That’s the time when you have all RPM charges an average royalty buying rentals up there who des- Maximize income showings, screenings, tenant of the power.” fee of 8 per cent of gross income. perately need professional man- placement, move-ins and inspec- RPM does more than check ten- “For example, if a tenant pays agement,” he said. RPM works with landlords to tions, and then the full services for ant references. The company has $1,000 per month, the franchisee RPM handles some small com- maximize rental income, Hiroti the tenants while they’re in the developed proprietary software would make $100 and the royalty mercial properties, but its bread added. property. We’ll take care of the for screening tenants through fee would be $8,” Hiroti explained. and butter is residential rentals, “We believe in action manage- rent collection and any mainten- their “digital profile”, Hiroti said, The company also charges a 2 per from detached houses and con- ment. When a property comes ance concerns that come up. It’s which can automatically track a cent fee for marketing and ongoing dominiums to small apartment to us, we look at ways to make it very much a hands-off investment tenant through social media and support. complexes. It specializes in pro- a higher performer asset.” This for an owner. Once they bring it other sources, and in any country, RPM provides training that in- viding services to investors who can include finding extra rev- over to us, we take care of every- including China. cludes webinars, online courses own from one to four rental units. enue streams – such as renting thing on their behalf.” It is apparently taking the same and one-on-one individual coach- “Many investors don’t want to parking or storage – but may also RPM, which started in the U.S. detailed approach to screening ing, and annual conferences. deal with the management side,” mean tapping into RPM’s net- 30 years ago, is North America’s franchisee applicants as it at- Franchisees also have to go Hiroti said, or the complications work to streamline paperwork and largest residential property man- tempts to set up a robust national through the real estate licens- that can arise with government maintenance and repair costs. “If agement company. It has more platform. ing process, if applicable in their rental regulations, human rights a plumber is needed, we can prob- than 300 offices – 90 per cent in province. issues, dealing with tenants, and ably get the work done cheaper the U.S. – and manages tens of The company currently has 17 maintenance. Also, he said, many because of the volume we do,” he thousands of rental properties Franchise fee franchises signed up, including in rental investors don’t live near the explained. for individuals, investors and Vancouver, West Vancouver and property and need hands-on, local Property management, Hiroti institutions. RPM is currently offering a rela- Victoria in B.C., and in Alberta, management. said, “is a lucrative and stable The key aspect of being a land- tively low-cost entry for franchis- Saskatchewan, Ontario, Quebec In B.C., as in Alberta and business model” that is increasing lord is finding good tenants in the ees as it ramps up. It starts with and Newfoundland, Hiroti said.■ AAstoundingstounding bbusinessusiness opportunity!!opportunity!! OKANAGAN – B.C. INTERIOR Purchase this established, profi table INVESTMENT OPPORTUNITIES and highly successful health and fi tness business and be your own MOBILE HOME PARKS boss. Fitness West has been built from the ground up over 20 years to Salmon Arm New Listing - Kamloops become one of the most successful • 12 Sites on 2.0 acres ● 1st time on market in 30+ years gyms in the interior of BC and now • Quiet rural setting ● 19 Sites & 2 Legal Rental Homes we offer you the opportunity to • 10 minutes to downtown ● City sewer, water & garbage pickup continue this success and lead the • Full occupancy ● Always full occupancy lifestyle of your dreams. • Shows +/-6.5% return ● Shows +/-5.0% return $799,900 Business only • Price $525,000 ● Price $1,965,000 Call John Kristian PREC New Listing - Golden Re/Max Vernon 250-549-4161 [email protected] ● 1st time on market in 30 years! ● 69 Sites on 12.0 Acres ● Town sewer & water ● Close to all amenities ● Shows +/-7.1% return ● Price $1,675,000 SOLD West Kelowna ● 110 Sites on 20.9 Acres ● Native Lease Land ● Community Water ● Full Occupancy ● Net Income +/- $$280,000 ● Price $2,050,000 14% Return! Grand Forks Development Site 761-Lot 1 Loomis-Oroville Rd, Tonasket, WA 98855 761-Lot 3 Loomis Oroville Rd, Tonasket, WA 98855 Rare Waterfront Lot 30 Mins from Osoyoos in USA RARE WATERFRONT LOT ● 2.0 Acre Level Site ● Zoned for Single Family or Duplex Lots - 2.15 irr acres with domestic water, installed septic & power on property - 2.15 irr acres with domestic water, installed septic & power on property Price $299,000 - Approximately 205 ft of water frontage with shower house on lot. - Approximately 170 ft of water frontage with shower house on lot. ● Engineering Done for 9 Lot Subdivision ● - Lot is level with mature landscaping/trees, & communal dock access - Lot is level with mature landscaping/trees, & communal dock access - RV hookups currently on site-perfect for year-around custom - RV hookups currently on site-perfect for year-around custom home home or recreational get-away or recreational get-away - Spectacle Lake is over 310 acres with exceptional fi shing, boating, & wildlife - Spectacle Lake is over 310 acres with exceptional fi shing, boating, & wildlife VADIM KOBASEW C OMMERCIAL REAL ESTATE SPECIALIST 250-490-7959 / 1-800-567-6770 [email protected] RE/MAX PENTICTON REALTY, PENTICTON, BC OCTOBER 2017 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | NORTHERN BRITISH COLUMBIA | B7 BUSINESS AND INVESTMENT OPPORTUNITIES Soniadhaliwal.com • Commercial Building - Kamloops P E R SO N A L R E A L E ST A T E C O R P O R A T I O N Setup for 3 tenants - REDUCED to $549,000 10 ACRE ORCHARD WITH 3 HOMES CHERRY ORCHARD WITH HOME VINEYARD LAND • Established Machine Shop 745/747/749 Cornish Road, Kelowna BC 5441 Snowbrush St, Oliver BC Okanagan, BC Very profi table-owner retiring-$1.75 million • 3 Business Opportunities in One 3.5 acre cherry orchard with large 72 acresreses vinevineyvineyard 84 acres on South Thompson River - Kamloops - farmhouse. Top quality cherries in a great landdinKeSOLD in Keremeos Consisting of very productive hayfi elds plus a vineyard and gravel pit - 5 bedroom, 3 bath residence. Operate low frost location, full line of equipment, Apple Orchard - Ambrosia & Honey Crisp one or all of these opportunities. This property has water cold storage unit. The house has three CALL FOR EXCLUSIVE license and is subdividable. Priced at $1.5 million Flat land, quiet setting yet centrally located large bedrooms upstairs and a full VINEYARD AND ORCHARD LISTINGS DWIGHT VOS Near HWY 33 shopping, recreation & UBC basement awaiting your finishing ideas. (604) 725 - 7605 phone: (250) 554-4511 All dwellings on property are legal! BEST-WEST REALTY LTD. KAMLOOPS RE/MAX 2000 Realty Ltd. | 103-15127 100 Avenue Surrey, BC V3R 0N9 email: [email protected] INDUSTRIAL 97 UNIT MOTOR INN • 28,642 sq ft quality building on 5.36 fenced acres, cranes, sprinklered, paved parking. $2,900,000 On 2.13 acres in downtown • 21 Acres close to downtown onHwy 16 E. $599,000 Prince George, restaurant, • 18,683 sq ft warehouse on .88 acre $839,000 or $5.50 net ample paved parking, • 4514 sq ft light industrial/retail, great location $8.50 net needs some updating. • 119 acre gravel pit with 600,000 m3 of good quality gravel $1,300,000 Price: $3,700,000 DEVELOPMENT LAND 603 Algoma • .42 acre building lot withSSOLD cityOL servicesD $89,000 • 8.15 acre with city services, subdividable $119,000 HANS JOHANSEN KIRK GABLE • 10 acres, 570’ of Hwy 97 SouthSSOLDOL frontageD close to city $150,000 250 960-9339 250 981-3535 • 3 acres with Hwy 97 South frontage $115,000 [email protected] [email protected] • 2 acres on North Nechako Road $29,000 • 160 acres in city with 6300 m3 of timber $189,000 BUSINESS OPPORTUNITIES/OFFICE/RETAIL PRINCE GEORGE AND AREA • 4,200 sq ft building in the Hwy 16 W retail corridor $850,000 • 15,000 sq ft former bank downtown $950,000 or $11.00 net www.pgcommercial.ca Otway Gravel Pit • 2.89 acre C6 with 19,406 sq ft former auto dealership in city $3,900,000 GEORGE • Retail/Offi ce strip, 19,800 sqSSOLD ftO , L12D tenants, 6.7% cap $2,100,000 ‘Pastry Chef’ ‘FuJi Japan’ WEINAND Prince Georgeʼs oldest full- • 6000 sq ft of quality accessible downtown offi ce $6.00 net 250-960-9556 2,000 sqft fully equipped modern • 148 acres with 1360 acre woodlot $275,000 [email protected] service European Bakery. Highly restaurant on the corner of profi table. Full equipped effi cient • 350 acres with 1448PE acreNDI NwoodlotG $325,000 Victoria St. and 3rd Ave. Prince SSALEALE PENDING ROD production Bakery. Includes McLEOD land, building, equipment and George. Four years remaining HANS JOHANSEN KIRK GABLE 250-961-3325 inventory. Ownerʼs retiring. on lease. This is an exceptional 250 960-9339 250 981-3535 [email protected] Please DO NOT contact directly. opportunity at a bargain price. [email protected] [email protected] THINK REAL ESTATE... The Best Investment on Earth Dawson Creek and Area 6 MONTHS FREE RENT ON APPROVED Downtown Hair Salon: 1880 sqft building for sale with Reduced High visibly lot on Highway 2 - Total of 7,249 sq ft with 2,876 LONG TERM LEASE! Industrial Location beautiful curb appeal and high walk in traffi c volume. sq ft offi ce and 4,373 sq ft shop. 8 offi ces, boardroom, 3 Business includes hair salon stations and 2 tanning beds High Traffi c, High Visibility, Excellent Access and a rail line bathrooms. Secure compound, electric gate, paved parking, with Highway Frontage! 11,700 sq.ft. running through the commercial property!! This desirable as well as numerous other equipment. Currently a busy hair and excellent signage. Priced @ $16.50 P.S.F building. 10,000 sq.ft. shop with 4 drive property is situated on Alaska Hwy just off one of the salon with multiple stations. Seller is open to many options. through bays, and 1,700 sq.ft. offi ce busiest intersections in Dawson Creek. The approx. 10,200 Industrial Shop: 2.25 fenced acres of industrial land, space. Fenced and secured 1.675 acres Priced @ $399,000.00 sqft of heated, 12,200 sqft of cold storage space on 4.32 building size is 3400 square feet with 2400 shop and 1000 is ideal for large trucks, storage and acres makes this a perfect location to incorporate your new square ft of offi ce on main level. Up there is a large living parking. Building for sale: HIGH traffi c location on Alaska Hwy with a 1540 sq ft building on .4 Acre lot. Existing Business has business venture. This is one of the few large parcels on area with offi ce/accommodations, kitchen, laundry, and Priced @ $2,100,000.00 or $16.00 P.S.F European trained Baker that has many loyal customers Alaska Avenue. Lots of room for expansion. There is a long bath. Shop has 16 foot high door and in fl oor heating. from far & wide. For more information or to discuss other list of zoning usages that this gem can be used for. Don’t Priced @ $6000.00 mo For Sale loose it to your competitors! possibilities call the listing agent. Priced @ $310,000.00 Brand New Shop: On .35 acre this shop has 2 bays 65 Fantastic opportunity! Situated on 157 acres at Mile 2 of the The most desirable heavy industrial commercial lot feet deep, 560 sq ft offi ce area and a one bedroom suite Fantastic Business opportunity: Very profi table and well For Sale or Lease Alaska Highway this property comes with a 1 yr old 12,800 in Dawson Creek. This lot has it all, High visibility and upstairs. Doors are 14 feet high, 400 amp 3 phase power, in run Dollar Store with More. Long term lease in place, owner sq ft truck shop with 4- 100ft drive thru bays, 2,400 sq ft on accessibility that is second to none. The lot has been Offi ce Building Located in downtown Dawson Creek this fl oor heating, bathroom with shower in shop. is prepare to train new buyer. Priced @ $300,000.00 7950 sq ft offi ce building has an open offi ce concept with offi ce and 2 sleeping units each with 3 pce baths. Other stripped and shaled down to the clay base. You would be secured paved parking lot. Priced @ $895,000.00 or $12.50 Priced @ $20.00 P.S.F settling if you chose any other lot in Dawson Creek. This lot HIGH VISIBILITY HIGH TRAFFIC and right beside the new improvements are 640 sq ft guest house, 2400 sq ft barn, P.S.F. 1863 sq ft animal shelter, a portable offi ce with attached is also sub dividable and owner would be open to the RIGHT Peterbuilt shop. Along highway 2 and close to the airport Industrial Shop! With fenced 2.5 acres. The main build to suit. Call listing agent now for more info before your garage. Beautiful building site with all the services in. this 3.4 acres of industrial land is all stripped, shaled and 9676 Sq. ft. Commercial building - on .97 of an acre on a building has a 1,053 sqft offi ce and 3,887 sqft warehouse/ competition wins this spot! $1,890,000.00 fully serviced which makes it ready to build on. Priced at workshop area. Steel frame building has a 5 ton bridge (previous residence burnt down) This is truly a one of a kind high traffi c area of 8th street in Dawson Creek with ready $799,000, call listing broker for more info. access to all regional main highways. 1476 Sq. ft. of offi ce crane with a 70’ span, 2 overhead doors (16’ & 18’). There opportunity to run your home based business and build your Downtown Core: Commercial building with 3905 sq ft on space, 3800 Sq. ft. of Retail/Warehouse and storage space is an additional 2,019 sqft heated shop building on the the main fl oor, 3320 sq ft on the 2nd fl oor and an 1750 sq ft dream home at the same spot. $1,494,800.00 and the remaining 4400 Sq. ft. is 5 bays of shop area. The property with concrete fl oors and a 16’ overhead door. unfi nished basement. Main fl oor is leased out. Reduced shop also includes a wash bay. Priced @ $799,000.00 or Priced @ $15.24 P.S.F Investment opportunity in Chetwynd: 2400 sq ft former Priced @ $259,600.00 $10.00 P.S.F liquefi ed gas bulk sales station has had an enviro 6.15 and 4.237 Acres of Development Land in Dawson Prime offi ce location: 1456 sq ft offi ce space in one of assessment, has long term Tenants currently willing to Motel in Dawson Creek: With many long term tenants in Creek. This land is highly visible to all traffi c from Alberta Dawson Creek fi nest offi ce buildings, on 8 street across the fully furnished suites and a steady line up of current in For Lease negotiate with a new owner and is situated on two great border, close to the airport, and directly across from major from Wal-Mart. Drive thru potential. Priced @ $2,000 mo town workers. A loyal cliental streaming into the tanning retail & hotel development. The C3 Highway Commercial Great Industrial Shop! Situated on 3.236 shaled, gravelled lots with perfect access and parking. 2 large bays, 2 business which has newer equipment! Invest wisely in this zoning allows for anything from carwash/ service station to and fenced acres. 5,400 SqFt shop with a 1,300 SqFt offi ce. Great Location - Located on a Main road through Dawson separate store fronts, A secure compound, and a separate turnkey established business. hotel I motel to retail, auto sales and much more! Excellent The shop has four 16ft overhead doors with two more 16ft Creek this 1722 sq ft building is situated on 2 lots zoned C-4, storage garage. Priced @ $249,000.00 Priced @ $750,000.00 development opportunity. doors on the end of the shop. Priced @ $18.00 P.S.F a great location for your business. Priced @ $15.00 P.S.F TOM MORAN CARY REED Personal Real Estate Corporation 250-784-7090 250-719-1040 [email protected] [email protected] DAWSOND CREEK COMMERCIAL EXPERT RE/MAX DAWSON CREEK REALTY B8 | NORTHERN BRITISH COLUMBIA WESTERNINVESTOR.COM | OCTOBER 2017 Resorts find that going smaller is paying off big RECREATION |Owners say extra space for leisure, not rooms, can be the key to more bookings and higher profits at the resort and neighbouring competitors. By TYLER NYQUVEST, Wilderness Resort and Retreat on B.C.’s Sunshine Coast has 125 acres within a provincial marine park, and “We found that when [large BUSINESS IN VANCOUVER the resort holds a maximum of only 50 guests. | SUBMITTED groups] came in together … it [email protected] changed the whole dynamic of the “You cannot provide that kind experiences to every single guest, “In B.C., [some resorts] have so resort, so we started turning them of [serene] experience if you have and you can’t do that in great much land, [yet] they put their n Okanagan resort is hoping away,” said Hatterscheidt. any kind of volume,” said Laura numbers.” cabins 15 feet from one another.” to curb the trend of over- “Most of the resorts around us Neubert, vice-president of busi- Clayoquot was recently named Wilderness Resort has 125 acres crowded resort venues by make their bread and butter from A ness development at Clayoquot one of the world’s most expen- within a provincial marine park reducing volume to increase profit. those types of family reunions. We Wilderness Resort. sive resort experiences. However, and, at any one time, the facil- And it is not alone. started saying no to larger groups, The West Coast resort features guests keep coming back because ity holds bookings to a limit of 50 Cozy Cabins Nature Resort, lo- which were a huge part of our in- 25 luxury tents. The quality- they’ll pay for the type of serenity guests. cated west of Vernon in Creigh- come, and started booking small over-quantity approach has al- associated with a lower-volume “One of the things that attracted ton Valley, is incorporating recent families.” ways served the resort’s business establishment, said Neubert. us to our property was that it was feedback from guests and emer- After surveying guests, Hatter- strategy, said Neubert. Chris Moore, partner at Wilder- water access or float plane access. ging industry trends in the indus- scheidt discovered visitors would “It takes a lot of effort to deliver ness Resort and Retreat in Sechelt, Getting there is part of the adven- try to take a new direction with the be much more willing to pay a pre- really unique, once-in-a-lifetime said some resorts fail by design. ture,” said Moore.■ business, said resort marketing mium for what they already had, manager Erik Hatterscheidt. minus the extra people. “[The idea] came out of the fact Cozy Cabins increased its price that when we were developing our range approximately 40 per cent Sun Peaks widens real estate resort, we built our cabins a little with the main focus being quality bit differently than a lot of other over quantity. So far, the strategy Sun Peaks ski resort is adding 24 new, luxury residential units in the village cen- resorts out there by spacing them has worked, said Hatterscheidt. tre, called Village Walk, its first major real estate expansion in nearly 10 years. farther apart, spreading them over “Our profit margin went from Most of the buyers overall have been from Canada, the large majority of those our 60 acres,” said Hatterscheidt. an average of 15 per cent to 50 per from B.C., said Liz Forster of Sotheby’s Sun Peaks. “A lot of people say Sun Peaks “We were finding that a lot of cent. Our revenue has been grow- is what Whistler Blackcomb was like 25 years ago.” guests were booking in with us ing significantly as well.” The Village Walk townhomes, ready for occupancy by 2018, are priced in the because of that reason, that extra The trend is becoming a staple $690,000 range, according to Sotheby’s listings. In the last year, 17 per cent of Sun Peak purchasers have been international Village Walk townhomes at space.” to B.C. resorts as tourism num- buyers – half from the U.S. and others from Europe and Australia. Albertans Sun Peaks. |SOTHEBY’S SUN PEAKS Because Cozy Cabins is be- bers increase. Visitors are more tween Vancouver and Calgary, interested in quiet, unobstructed made up about 6 per cent of Canadian buyers in the last year. Hatterscheidt noticed that family landscapes commonly marketed in According to the BC Real Estate Association, in 2014 the share of Alberta buyers in the Okanagan was about 18 reunions were commonplace Canadian travel material. per cent; that has declined to just over 10 per cent so far in 2017. UNIQUE PROPERTY FARM / RESIDENTIAL / COMMERCIAL / DEVELOPMENT NORTH EAST B.C. $1,950,000.00 SHARE SALE SUBJECT • 469 acres/288 in hay production TUMBLER RIDGE PROPERTY • 3 homes – main home has been renovated/ other two homes are rented out at $950/month/each BEER & WINE STORE • 4th site serviced for another home/modular - MOTEL - TAVERN • Shop rented out for $500/month 48 Rooms plus Manager Suite 110-Seat Restaurant. Leased - Sports Tavern • Minutes from downtown Prince George Sell Beer and Wine License - Asking $1,700,000 How much is the License worth?? Great Buy. Mine just reopened and second one soon. Don Kehler Personal Real Estate Corporation Powerhouse Realty – Commercial/Industrial Division Manager in place - Don’t miss out on this one Offi ce 250-563-1000 Cell 250-613-9553 STRATA TITLED $1,700,000.00 teampowerhouse.com [email protected] Tumbler Ridge Wilderness Inn Investment Multi 49 units 24 - 1 bedroom suites with 2 queen beds 21- 2 bedroom suites with 2 queen beds Properties Family 4 - 1 bedroom suites with 1 king bed Ranging in price from plus 1- Manager suite with 2 bedrooms 16 unit apartment for sale Fully renovated $500,000 - $10,000,000 - over half a million upgrades in Prince George in windows, doors, furniture Cap rates ranging from 6.5% - 8% Call for details $1,050,000 Sawchuk International Real Estate Services Inc Since 1978- Everything we touch turns to SOLD Serving Prince George and Central/Nothern BC 2nd Floor, Suite 203- 815 Main Street ~ Park Royal, West Vancouver BC V7T 2Z3 Call Clint Dahl 250-981-2070 Royal LePage Prince George Call Independently Owned and Operated [email protected] Ben Sawchuk www.investinpg.com Cell 24/7 604.838.9992 E-mail: [email protected] OCTOBER 2017 | WESTERNINVESTOR.COM NORTHERN BRITISH COLUMBIA | ALBERTA | B9 TURN-KEY Business Opportunity NorthEast BC FOR SALE Commercial Realty Ltd. In FORT ST JOHN, BC Fort St John, BC Land & Building Investing Our 7500sf Building features SEASONAL PATIO - great for BBQ INVESTMENT Chetwynd BC Energy In The North specials & smoking area, FULL COMMERCIAL KITCHEN for +/- OPPORTUNITY 7,306 sf private parties or club specials, 1000 sf outbuilding & 3 storage containers 0.66 Acre Land prime city center location along highly visible main street paved lot for customer +/- 2 story 39,375sf parking & back lane access office building Well established Nightclub Business includes; all kitchen & bar equipment, office Light Industrial building 250 785 4115 & club furnishings plus some decor, liquor license (subject to BC Liquor transfer on 2 Acre lot NOW ASKING 10220 101 Avenue approval). Inventory negotiable. Fort St John BC V1J 2B5 Currently leased Long term $439,000 www.NEBCRealty.com Currently open 2-3 days a week and still offers a great return! lease in place that was Call Ron to make appointment recently renewed Asking $2.2 Million to view. MLS165556 RON RODGERS OWNER - MANAGING BROKER Call Ron for information...2 year Non-Disclosure/Confidentiality Agreement required Was asking $499,000 Email: [email protected] prior to release of detailed information MLSC8013087 If you are looking for an investment opportunity in North East BC then give Ron a call to discuss Specializing In COMMERCIAL NOW ASKING $7.4 Million MLS C8010783 Was asking $7.7 Million REAL ESTATE Information is not intended to solicit properties already listed for sale, Please no drop ins...all viewings require or buyers already under contract. Information is believed to be accurate but not guaranteed and should be verified. appointment & representing Realtor on site FOR LEASE CLASS “A” OFFICE BUILDING – an Icon of City of Vanderhoof, BC 192 W. Steward Street, Vanderhoof, BC Calgary 7 units $1,575,000 Motel Cache Creek. BC. 25 Room + 3 Bed Room Terrace BC Full Service Hotel Profi table with Owners Suit on 1.6 Acre. Yr. Room Sales $160K- high volume sales from: rooms, beer and wine 7 Townhomes individual titles. $200K. Owner 21 yrs. Now Retires. May Trade store & restaurant. Over 5 Acres. One of top Rents around $900/month have been $1,195 5,035 sq. ft beautifully set up offi ces by former tenant Synergy on 2nd Resident in Lower Mainland Price $950,000 hotels in town. 11.5% net cap rate. Price $4.5m Northwest Bowness is a solid rental area. Floor available at $10/sq ft plus CAM $6/sq ft. In addition, 3 BR suite with No common area, very low expenses kitchen & full bath for $1,200/mo. Approx. 3,247 Sq. ft storage space in Canada’s 1st RE/MAX Realtor basement for $1,500 per month. Rates negotiable based on long term lease. Ideal for large corporations and government agencies because Building has Keith Schultz [email protected] lots of upgrade in HAVC, modern elevator and handicapped accessible. talk 403-270-9521 text 403-861-83000 For more information, please contact Vincent Nguyen: 604 970 2713 RE/MAX Real Estate (Central) or email: [email protected] 2400 sq.ft. Freestanding Offi ce/Warehouse 4,300 sq.ft. Building for Sale/Lease Central BC City International Championship Viking AB Hotel on 3.5 Acres with major highway Golf Course, 100 Acres w/Hotel & Resort, plus exposure, business w/28 guest rooms, liquor store, 100 acres vacant C-2 commercial development VLTs. Conference facility for all events and leased land. Open 6 months, profi table. Price $3.6m restaurant. Only hotel in town. Price $1.8m 10208 Cree Road 10067 100 Avenue 2400 sq ft (30 x 80) freestanding concrete tilt-up offi ce/warehouse. Own your own offi ce building and a little bit of Fort St. John history! Beautiful fl oor to ceiling window comprising of 2 offi ces on the main with This building has been extensively renovated to accommodate mezzanine above, a 2-pc bath, 16 x 16 overhead rear door and work area 14 to 15 offi ces, large front reception and waiting area, board room, fully equipped kitchen with 3 pc bath. 2 handicap washrooms, to the side. Chain link fenced compound, concrete drive and pad. 2 fi le storage rooms, full undeveloped concrete basement. Now is the time to showcase your business in this state-of-the-art Parking at rear. Historically it was our original Marshall Wells building. Seller reserves the right to approve tenant. Hardware Store. Property also for lease - see MLS# C8013178. Brandon. MB Motel 87 Units w/restaurant. AB Hotel 45 Rooms, leased restaurant. 2 acre $19.00/sq.ft. + NNN - MLS# C8012265 $669,000 - MLS# C8013177 2 acres land. Room rev $1.3m + $30k leased land. Town in booming natural gas region. 100% 65% fi nancing. At core city, pending franchise. renovated in and out, ready to shift to fl agship Phenomenal detached building Exceptional Retail Lease Space Revenues keep growing yr. by years. Price $4.5m operation. Good fi nancing available. Price $4.5m 10120 95th Avenue #106, 9317 96th Street 3360 sq ft bldg on 0.36 of an acre. Fenced & well-gravelled yard, paved Offering excellent exposure this 2,200 sq ft retail space is ideal to apron. 2 x 8 construction with low-maintenance metal-clad siding & roof, relocate or start your new franchise today! Good quality building across new windows & 4 - 12 x 14' OH doors, 16' ceiling. 2-stage fl oor drain, from Goodlife Fitness & adjacent to recreation facility, shopping mall, Kamloops BC Townhouse, 16 units, 3 bedrooms, Northern AB First time on Market Yearly $200k in-fl oor heating with 2 newer on-demand boilers, 1 recovery heater, restaurant & high density residential. Many uses applicable. full occupancy. 3 Storey Building on 3/4 Acre. sound rental income plus 30 room motel $500k built-in exhaust hookups. Interior parts room & 2-pce bath. $19.00/sq. ft. + NNN - C8011429 Net income $130,000. Possible strata develop. to $700K w/low overhead. Option w/owners to Chain-link fenced yard with Also Available 2,485 sq. ft. Price $2.55m run truck stop / Gas station. Price $3.5m $1,020,000 - MLS# C8006968 #102, 9317 96th Street - C8003845 Classic A Offi ce Building for Sub Lease For Lease or For Sale GP. Alberta 60+ rooms, needs minor repairs. Chilliwack Bowling Alley 24 Lanes, 80 Seats 10215 100th Street 10123 95th Avenue Motel runs w/absentee owners since 2007 costs Pub, 4 Rental Retails, 3 Bedroom Penthouse, Ground level access to approximately 4920 square feet of Immediate possession! Located in the central service sector of was $4m+. Restaurant triple net lease $60,000. 40,000 sqft, 3 storey concrete building. beautifully appointed reception and guest seating area, offi ces & Fort St. John. 1200 sq ft of display counter area, 3200 sq ft of shop Coin laundry. Price $2.6m Quick sale Price $3.3m shared boardroom. 11 offi ces, mail room, fi ling room, his & her with 2 - 14' electric overhead doors, radiant heat, mezzanine area. handicapped washrooms. Shared conference rm w/usage to be Small fenced compound, paved side & front parking lot. booked through head lease. Street parking for guests, rear paved parking for employees. Must have confi rmed appointment. $12.50/ sq. ft. + NNN - MLS# N4507030 Contact: John, C Nam $20.90/sq.ft. + Cam $5.89/sq.ft. MLS# C8011120 $798,888 - C8003748 Direct: (604) 805-9131 Kathy Miller Mike Ellerington Personal Real Estate Corporation Email: [email protected] www.mikeellerington.com Coldwell Banker Westburn Burnaby, BC Canada www.bugkathymiller.com 250-785-5520 250-794-1511 [email protected] [email protected] WESTBURN REALTY B10 | NORTHERN BRITISH COLUMBIA | ALBERTA WESTERNINVESTOR.COM | OCTOBER 2017 Calgary vs. Edmonton as recession “in rear-view mirror” FEATURE | Real estate investments in big-city Alberta are neck and neck but the capital may be taking the lead led by the sale of two Scotiabank outlets, one of which sold for $921 By WI STAFF Calgary commercial real estate Edmonton commercial real estate per square foot. [email protected] sales first half of 2017 sales first half of 2017 he Alberta economy is on Residential Edmonton the mend and the evidence land 4% can be seen in an uptick In the capital city, the investor T ICI of real estate investments in the Residential land Office 14% focus in 2017 is clearly on retail land province’s big cities, but the Al- 11% and office properties. Office 29% 6% berta Treasury Branches (ATB) At more than $304 million, cautions that the recovery will investment in Edmonton retail be muted. was about five times higher than ICI land 11% “There is little question that Multi-residential Retail 28% in the first half of last year, and Alberta’s economy has rounded 30% the price per square increased to Multi-residential the corner and the worst reces- Retail 10.5% $413, up from $375 in 2016 and 11% sion in three decades is now $305 in pre-recession 2014. squarely in the rear-view mir- The office sector showed a ror,” ATB noted in its Alberta huge increase, with transactions Economic Outlook, released in Industrial 26% Industrial 18% reaching $149 million in the first August. ATB Financial is fore- half, up from $45.5 million at the casting real GDP growth of 3.2 same time a year earlier. per cent this year, followed by The industrial market also a more modest expansion of 2.1 TOTAL DOLLAR VOLUME FIRST HALF 2017: $1.03 BILLION TOTAL DOLLAR VOLUME FIRST HALF 2017: $1.08 BILLION showed strength. In the first per cent in 2018, in cautioning, (TOTAL DOLLAR VOLUME FIRST HALF 2016: $827 MILLION) (TOTAL DOLLAR VOLUME FIRST HALF 2016: $713 MILLION) half, 41 industrial transactions “Alberta’s economy is unlikely were reported at a dollar volume to recover to its pre-recession of $193 million, on pace to match levels this year.” transactions were also slightly than $200 million. Considering to $186, down from $203 a year 2016, which posted a total dollar So how is the modest recovery higher than $1 billion, up 52 per record-high office vacancies in earlier. However, Altus reports volume of $445.9 million. The playing out in Calgary and Ed- cent from the first half of 2016. Calgary, an uptick in office sales that industrial accounted for 23 average price per square for in- monton real estate investments? “The light at the end of the is considered a sign of confidence per cent of total dollar volume in dustrial this year hit $211, up from Based on recent data, it appears tunnel is getting stronger,” said in the city’s potential. the second quarter, the highest of $177 in 2016 and the highest level the two cities are running neck David Wallach, president of Bar- Residential land sales, which any real estate sector. in at least five years. and neck with Edmonton poised clay Street Real Estate. totalled more than $175 million The smallest contributor was A soft spot in Edmonton is resi- to take the lead. But while the dollar volumes in the first half, were boosted by retail with 10.5 per cent of the dential land sales, which experi- Altus Group reports that total are similar, the investment tar- the $40.7 million sale of the Sam total, a marked contrast from the enced a decrease from 2016. In commercial real estate invest- gets differ in the two cities. Livingston Building, which is seen pace that retail had been setting the first half, 11 residential land ments in Calgary in the second as a high-density residential play. in Calgary. In the first half, total deals were made for a total dol- quarter of this year came to $531 Total dollar volume in 2017 for retail transactions accounted for lar volume of $43 million, down million, while it tallied $545 mil- Calgary residential land was up from $79 $74 million in transactions, about from 31 sales and a dollar volume lion in Edmonton. million during the first half of half the $137 million at the same of $126 million at the same time For the entire first half of 2017, Calgary’s real estate investments 2016. time last year. The biggest single last year. Calgary saw a 24 per cent in- in 2017 are focused on two sectors: On the industrial front, Cal- retail deal so far this year has However, sales of multi-family crease in the total dollar volume office and residential land. The gary posted a decrease in dollar been the $9 million sale of Rox- buildings accounted for 30 per of real estate transactions, push- former was led by the sale of 12 volume, falling to $270 million, boro River Shoppes to Sun Hold- cent of Edmonton’s commer- ing it to more than $1 billon, re- office properties owned by Dream down from $316 million in the ings. Despite the slower sales, the cial real estate transactions, at ports Barclay Street Real Estate. Office Real Estate Investment first half of last year. The aver- average price per square foot for $325 million, up 20 per cent from In the same period, Edmonton Trust to Slate Properties for more age price per square foot dropped retail hit a record high of $417, 2016.■ FOR SALE TERRACE, B.C. FORT ST. JAMES Clinton Manor - Asking $2,100,000.00 28 unit mixed 1 FRANCHISE OPPORTUNITIES bedroom and bachelor suite units Full upgrades just completed- Clean and Quiet Long term AT ST. LOUIS BAR & GRILL! tenants - 3 additional city lots. 5021 Keith Avenue - $289,000.00 BE YOUR OWN 1/2 acre M1 light D2F463@ñ ind zoned. Front and rear access and ex- cellent offi ce space. 30 TOWNHOMES Hwy 16 East - $179,000.00 475 Stuart Dr. E 1/2 acre C3 com- 1600 sq.ft. basement + 2 levels mercial zoned. All units 3 bedrooms, 1.5 bathrooms Hwy 16 frontage for your business. New metal roofs, new vinyl windows Rents $750.00 per month, some units 3310 River Drive - $849,000.00 rent for $900 per month. 1/2 acre zoned Industrial with 2014 home. 50X80 2 extra acres of land zone MF AREA DEVELOPMENT & INDIVIDUAL shop 16’ ceiling, 400A 3 To build more units FRANCHISE OPPORTUNITIES AVAILABLE IN: Phase power Backs onto Hwy 16 frontage - PACK- PRICE $995,000 Calgary • Edmonton • Winnipeg • Regina • Saskatoon AGE DEAL!!! Lethbridge • Kamloops & more! Call DAVE MATERI PREC RE/MAX Coast Mountains Terracerrace ED SCHWARTZIN CONTACT US! 250-615-7225 Cell 250-996-1071 [email protected] (866) 674-0606 [email protected] [email protected] STLOUISWINGS.COM www.Davemateri.ca © 2017 2000433 Ontario Limited. All rights reserved. “St. Louis Bar & Grill” is a registered trademark of 2000433 Ontario Limited. OCTOBER 2017 | WESTERNINVESTOR.COM ALBERTA | B11 • CONVENIENCE STORE: Sale $1.58 mil ... $880,000 Commercial WWANTED!ANTED! • HOTEL: Room 63, liquor $1.5 mil. restaurant, bar EEDMONTONDMONTON AAPARTMENTSPARTMENTS ...... $7.5 mil. condo units FFOROR SSALEALE • GAS STATION: gas $3.1 mil, In store $1.65mil For Sale or ...... $2.99 mil. 6 uunitsnits OOliverliver • HOTEL: Room 9+Liquor $560k+Bar $210k+VLT Lease 26 units Strathcona $50K+Leased restaurant $30k ...... $990,000 • HOTEL: (Franchise) in Lethbridge. Room 86, SSOLDOLD leased restaurant, land 1.5 acres ...... $7.4 mil. 49 units Saskatchewan Drive • STRIP MALL (4 BAY) + CONVENIENCE STORE: • Approx 3000 sq ft Commercial Condo Unit with Raw land in Warner Business Park LD Rent Income $47,000, Sale: $800K ...... $990,000 fenced compound SSOLDO • 4.02 Acres of fenced raw land Contact my team at • MOTEL: 38 room, 30 mins from Waterton Park • Excellent location in Aldersyde – intersection of ...... $920,000 Hwy 2 and Hwy 7 • Excellent location off Hwy 2 – easy access to Calgary, Okotoks, High River • CONVENIENCE STORE: Calgary...... $1.25 mil. • New steel frame building, almost full EEmail:mail: [email protected]@gmail.com • Store front door, and 16’ overhead door at rear • Commercial truck accessible Thomas Koh (CIR) Sasha Uhryny MBA Real Estate 403-680-9827 RRTEC Holdings Inc 403.969.0106 AAlliancelliance RealtyRealty Inc.Inc. [email protected] YOUR ADVANTAGE IN ALBERTA FULL SERVICE FRANCHISE HOTEL IN BC Asking : $31,700,000, Revenue : $8,067,000, 203 room, Leased Restaurant & Lounge with 7.27 Acres land located at gateway to the Interior of British Columbia. Elkayal Real Estate Inc. HIGH END FRANCHISE HOTEL Asking : $29,700,000, Revenue : $5,327,200. 168 room Very High Mohamed Elkayal, CCIM End limit service franchise hotel with great cash fl ow in AB. WESTERNINVESTOR.COM Broker/Owner FULL SERVICE FRANCHISE HOTEL IN BIG CITY AB Dir: 780-906-5822 Asking : $14.9M, Revenue 2015 : $4,082,415. 2016 Expectation: Get informed before you invest Servicing Edmonton & Area Since 1993 $3,258,000( Exclude restaurant & Bar),108 Room with 3,600 Sqft 2014 Life Member Award - Professional conference room, 6,000 Sqft Restaurant & Bar which was built • Exclusive details on REALTORS® Association of Edmonton in 2003 with 1.95 Acres located along a major arterial roadway In grateful acknowledgement of long & inbound to the city. Western Canada’s Done Deals faithful service to the association FRANCHISE HOTEL IN BIG CITY AB • Get the inside scoop with * PARCEL ACRES - $1,350,000 Asking: $13.9M, Revenue: 2014 $4,479,772, 2015 $3,957,992 Opportunity knocks for this 69 Acres Parcel. Had Pre Approval 2016 Expectation: $3,400,000 (Room only) 102-room hotel that was expanded coverage of for 16 lots. Close to all amenities. For more information please completed in 1998 with 1.92 Acres land located along a major arterial call. roadway inbound to the city and it includes an indoor pool, fi tness sold properties *INDUSTRIAL PROPERTY - $2.8 M room, 3 meeting room with CHY (Commercial Highway Corridor) Great opportunity for this well maintained building comes with Zone allows to build 10 storey building and can add over 50 room. 7200 Sq/Ft Has 2 long term Tenant.OL ForD more Information please call. SSOLD FRANCHISE HOTEL IN CENTRAL AB DUPLEX SIDE BY SIDE - $485,000 Asking: $11.9M, Revenue: 2014 $3,335,716, 2015 $2,668,155 * 2016 Expectation $2,150,000. A limited service, 92-room hotel with CURRENT OFFERINGS INVESTMENTS Opportunity for small investor for this well maintained property. 1.97 Acres land that was completed in 2004 with good exposure and Run by owner. Comes with 3 bedrooms for each side. Basement relatively easy access to Highway 2. • A Flagged 92 Room Limited Service Hotel, featuring has 1 bedroom suite. For more information, please call. a variety of room confi gurations among many other *COMMERCIAL BUILDING - $260,000 FRANCHISE MOTEL IN CALGARY outstanding features, plus, exceptional operational CALGARY AREA Excellent Opportunity for this well maintained Building. Comes with Asking: $7,750,000, Revenue ( 2016 : $1,401,201) performances that are enhanced by it excellent long term Tenant, 2 Building with 2679 Sq/Ft, and Over size lot. Three stories 68 guest room originally constructed in 1980 with For more information please call. signifi cant renovation in 2012 totaling $2.1m and additional location. The potential upside for continued superb • Hotel Site/multifamily site *ACRES LOT - $99,500 $700,000 for exterior renovations in 2015. The physical performances going forward are very good, under characteristics of the hotel are in very good due to the recent commercial site available in fast Opportunity knocks for this 2 Lot Acres side by side, one acre whole renovations to the interior and exterior. Well located in the NW prudent management. Asking Price $11,500,000.00 each. Can be sold together or separate. Ready to build your district , which provides good access to major commuter arterials , growing community dream home. Year around for fi shing. For more information, and access west to tourist destination to Banff etc. • A Flagged 122 Room Full Service Hotel in superb please call. condition, featuring an array of excellent amenities, • Chinese restaurant includes land, *OFFICE SPACE FOR LEASE GOOD CASH FLOW HOTEL IN BC well located with main artery exposure, excellent Three units available, 1120 sq.ft., 1200 sq.ft. & 1420 sq.ft. Asking : $7,200,000, Revenue : 3 Year average : $2,959,106, 2017: building & equipment COMMERCIAL BUILDING $75,000 Operational performances, substantial potential * $3,104,726 (Room: $2,070,562, Restaurant : $1,034,614). 3 Year Opportunity knocks for this free standing building. Come with average NOI : $1,052,707. 62 rooms Restaurant & lounge with upside, going forward under continued prudent • 300 acres with river running through, 1.6Acres land located at a district municipality in the geographic living area. Was operating as a bakery/cafe. Owner retired. For centre of British Columbia. management. Asking $19,900,000.00 gravel, highway access, potential more information, please call. development opportunity * CONVENIENCE STORE - $175,000 WELL MAINTAINED HOTEL IN NORTHERN AB • A 260 Room Hotel located in a region of dynamic Excellent and Great Opportunity for this well Established Asking : $6,700,000, 89 room hotel which was built in 2008 economic growth and long term sustainability; the • 31 acres industrial and commercial Convenience Store with Steady Clientele. Come with Low and located Northern AB has potential to increase the valuation by continuous yearly high revenue performances of this long term Lease. Has Lotto and Phone card. Surrounded by 4 converting franchise motel and a strong commercial and retail development land adjacent to Highway 2 Motel, 2 Bar and new Industrial area with no Competition. sector boasts many business in this town. outstanding property speak for itself. Further, it is indeed in excellent condition, there are no differed • 54 acres residential development land FRANCHIS HOTEL IN BC maintenance. The potential up-side going forward is Asking : $6,250,000, 2017 Projection : $1,600,000. ready to go – Highway 2 frontage - 90 guest room hotel which was renovated in 2015 with $2.1 very good, under continued prudent management. million being invested in the property with 1.975 Acres land. Asking $56,900,000.00 • Truck Wash – 3200 sq.ft. – 3 bays - Two (2,500 Sqft & 3,800Sqft) vacant space presenting leasing opportunity and 5,000Sqft conference centre that is not currently • A Flagged 89 Room Limited Service Hotel in superb • 279 acres located next to CROSSFIELD– in use located in SE BC. - Forth fl oor of the property is unimproved and total 10,000Sqft can condition, featuring a variety of suites in its room great possible development possibilities be converted into additional hotel rooms or apartment suites for long mix, indoor door swimming pool and waterslide • SOLD 3.26 acres in CARSTAIRS high term or short term rentals. among many other recreational features, very good EXECUTIVE RENTAL SUITES HOTEL IN CALGARY operational performances, which should continue traffi c area, excellent for multi-family or ASKING : $6,900,000, Revenue in 2016 1,250,000 (2015: going forward under prudent management; being Motel $1,450,000) , NOI : Over $500,000. 33 Condo type executive rental offered at price well below replacement cost. Asking ADVERTISE suites located at core downtown area. • CARSTAIRS - 35.85 acres development $8,900,000.00 FRANCHISE HOTEL AT BIG CITY AB site includes 2700 sq.ft home & out WHERE INVESTORS Asking : $5,700,000, Revenue of 2015 : $1,525,000. • A 63 Room Flagged Limited Service Hotel consisting outbuildings Good access and exposure characteristics 70 room hotel located of a very good mix ofrooms; this property is relatively ARE LOOKING near Trans Canada Hwy and all buildings refl ect the franchise new and is in excellent condition with no required up- • 137 acres with #2 highway frontage – standards and have been maintained throughout their life. grades in the near term; its operational performances excellent access FULL SERVICE HOTEL , LIQUOR STORE IN BC deliver superb results and should continue to do so, Asking : $4,800,000, Revenue of 2015 Motel : $742,485, going forward. Asking $10,000,000.00 • SOLD - AIRDRIE - Investment property Restaurant: $878,633, PUB: $1,055,344, Liquor store: $1,098,837. - 5000 sq ft. industrial building – fully 32-room hotel, restaurant, sports bar, private dining/meeting • A Commercial Building 100% long-term lease with room, and Liquor store with 7.220 acres land which was built in leased 1979 .The community is the regional retail and service hub for the triple A covenant yielding excellent triple net revenue. northwestern portion of BC with a 11,486 population. . This a superb opportunity for an investor who would • 1.67 acres – multi-family site in growing like an absolute care-free investment that requires FRANCHISE MOTEL IN SOUTHERN AB community Asking: $3,150,000, Revenue: 2014 $1,09,545, 2015 $719,006, very management; however, yielding very good 2016 Expectation : $650,000, 48 Room limit service Hotel which return on investment. Asking $3,600,000.00 • OLDS – 20 acres development site - was built in 1996. • A Flagged Limited Service Hotel consisting 128 highway frontage MOTEL, BAR AND LEASED RESTAURANT Rooms & Suites, of exceptionally good quality and Asking: $2,490,000, Revenue for 2016 $722,025( Room : • 118 x 120 commercial lot – great location $458,782, Rental : $24,000, Bar $188,131VLT:$51,112) ,35 room, featuring plus many amenities to satisfy the varied Two manager suite, 2 staff room, 4 VLT with 1.26 Acres land desires of its guests, located in an excellent location located 1H30M from Calgary with 2,000 population. of economic diversity, attested to by its continuous For more information on these and other properties www.francisleerealty.com outstanding operational performances, which should FRANCIS LEE continue going forward. Asking $20,500,000.00 CALL DON SACKETT COMMERCIAL REAL ESTATE VINCE BOYLES RE/MAX ACA REALTY Francis Lee 1018 Hammond Ave, Crossfield, AB Cell 403.680.6130 403-237-5584 • 1-888-482-5583 T0M 0S0 Fax 403-946-5035 Fax 403.476.5334 (403) 946-5657 604.669.8500 EMAIL: [email protected] ACA Realty [email protected] TOLL FREE 1.800.661.6988 Maxwell South Star Realty MONTCALM PROPERTIES LTD. [email protected] WESTERNINVESTOR.COM Associate Broker, IC&I Full Commercial Member www. montcalmpl.com www.donsackett.com B12 | ALBERTA WESTERNINVESTOR.COM | OCTOBER 2017 Northland Expo Centre to merge Alberta | WHAT’S HAPPENING with Shaw Conference Centre forum chair this year. Calgary RE Questions,he noted, such as: Farmers fear fed forum selling out who’s leading the way to get- tax changes ting Calgary back on its feet? How should the city protect A September meeting of St. itself from future economic Albert-area farmers and small cycles? Is the dust finally business owners heard that federal tax changes could have settling? a big effect on their bottom “Many of the answers will lines. Shaw Centre will expand its conference venues early next year | SUBMITTED be provided at the 19th annual Speaker Rob Heron, partner he debt-ridden Northlands of confidence”. Calgary Real Estate Forum – and tax adviser at accounting Expo Centre in Edmonton will The move is expected to be com- the largest conference of its firm Kingston Ross Pasnak Tmerge with the Shaw Con- plete by January 1, 2018. The expo kind in Western Canada,” said the proposed changes ference Centre in a move approved centre is being run by Northlands, a Schmidt said in a statement. are going to have a significant Forum chair Darryl Schmidt: by Edmonton city council in early non-profit, that has racked up a $48 impact. seeking answers. “We are expecting another September, the Edmonton Journal million debt with the city that dates to sold-out event this year, with “In my opinion there have reports. 2009. Northlands has twice deferred The Calgary Real Estate Forum a strong lineup of speakers not been any changes in the A private report to council recom- semi-annual payments of $2 million. will be held October 26 but or- who will kick off our morning past decade that have been mended the Edmonton Economic De- Iveson said the city can afford to ganizers are already expecting sessions, followed by an ex- as pervasive as what’s being velopment Corp. (EEDC) take control forgive Northlands’ debt and there proposed,” he said. a sellout. citing luncheon keynote and of the expo centre and merge its trade will be no impact for taxpayers. The annual forum, at the The proposed changes to ending the day with a closing show operations with the downtown “We all knew the Expo Centre was Telus Convention Centre private corporations include venue. unviable under Northlands,” Ive- North Building, comes as round-table of top executives ending income splitting where Mayor Don Iveson said the consoli- son said. “The city is getting a more- Alberta’s largest city is seek- discussing the future of the a recipient is not active in the dation will create more business in than-$100-million facility but is also ing answers to some big real real estate market,” said Kelsey business, taxing passive in- Edmonton’s hospitality sector. going to have to take on the debt. “ estate questions, said Dar- DeLuca, event manager for come at the highest marginal Brad Ferguson, president and CEO The future of other Northlands ryl Schmidt, vice-president, Informa, the show organizer. rates and preventing a private of EEDC, said in a statement that the properties, such as its racetrack and national leasing, at Cadillac For more information, visit organization is “grateful for [the] vote coliseum, are still to be decided.■ Fairview Corp., who is the www.realestateforums.com CONTINUED ON PAGE 13 www.cwedm.com 780-420-1177 1-877-429-9373 SHERWOOD PARK SHOPPING PLAZA RECEIVERSHIP SALE MULTI FAMILY OPPORTUNITIES • 2.13 acres, Cold Lake; R4 zoned for up to 82 units multi-family, behind Tri-City Mall; $975,000 • 23,222 sq ft Cold Lake; R3 zoned for up to 8 units multi-family, behind new Elementary School; $328,000 • Numerous parcels of residential and commercial development land available in County of Leduc • 65,000 sq ft newly built plaza on 5.34 acres • 19,562 sq ft on 5.02 acres • 33,454 sq ft commercial/retail site along highway in • 75% leased with fully occupied projected income of • 2 separately titled lots Westlock; zoned highway commercial $1,990,000 • Sale Price: $5,900,000 • Diversified tenant mix with 10+ year leases [email protected] • 8 individually titled buildings may be sold separately EXCEPTIONAL RESIDENTIAL LAND [email protected] NISKU INVESTMENT OPPORTUNITY DEVELOPMENT OPPORTUNITY • ±69 acres • Leased to Triple A International Covenant 5.71 ACRES OF PRIME DEVELOPMENT LAND • Adopted area structure plan • 58,000 sq ft on 3.53 acres • Located in mature area of Fort Saskatchewan, Alberta • Strategically located between Sherwood Park and the • ±7% cap rate on 2007 built facility future town centre of Bremner • DC Zoning (Mixed Use - Residential/Commercial) [email protected] • Easy access to major arterial roadways [email protected] TRADER RIDGE, GRANDE PRAIRIE • Fully serviced FOR SALE / LEASE / BUILD TO SUIT • Community has shown steady growth with a HIGHWAY EXPOSURE LANDS • Grocery anchored retail land population increase of 31% since 2010 (currently • Anthony Henday & Ray Gibbons Drive, Edmonton • Auto Mall/Retail/Industrial development 24,569 - 2016) • 2 - 13.76 acres • +/-142 acres on NW corner of 100 Street & 132 Avenue • Commercial Zoning • PRICE REDUCED: $575,000 per acre • Sale Price: $525,000 per acre [email protected] [email protected] [email protected] [email protected] [email protected] 30.55 ACRES - BEAUMONT, AB CY BECKER DEVELOPMENT LAND DELTON CENTRE PLAZA • Part of Beau Val / Lakes South ASP • 20 acres of approved subdivison lands • Great value add property; 35,000+ sq ft • Zoning outlines - Mixed Use and Residential • Residential mixed dwelling zone including single • Fully leased with diverse tenant mix of national, • 5th fastest growing community in Canada (5% family, row house, duplex and low rise apartment regional and medical mix • Sale Price: $11.6 Million annual) • Sale Price: $6,500,000 ($325,000/acre) Seif [email protected] [email protected] [email protected] [email protected] [email protected] INVESTMENT OPPORTUNITIES 141 ACRES - SPRUCE GROVE EXCELLENT FRANCHISE OPPORTUNITIES Interested in owning a restaurant? These and many • Retail Building: $575,000; 11804-45 Street, • Highway Commercial - ASP in place • Zoned UR (Urban Reserve) more are available: Edmonton; ±5,955 sq ft; Development Permit in • Sale Price: $13,200,000 ($93,617/acre) • Second Cup - Riverbend Square Reduced: $199,000 place to allow for construction of 3 apartment suites FREE STANDING MULTI-TENANTED BUILDING • Second Cup - Spruce Grove: $99,000 on the 2nd floor • Boston Pizza - Vermilion: $2.3 Million • Completely refurbished 2 storey 15,000 sq ft building • Lloydminster Truck Wash: Fully automatic state of • Ideally situated within the downtown core • Famoso Pizzeria - NW Edmonton: $499,000 the art facility; 15,000 sq ft on 8.1 acres • Leased until 2019/2020 • Famosa Pizzeria - Grande Prairie: $200,000 • Sale Price: $2,890,000 • Cora Breakfast & Lunch - SW Edmonton: $795,000 [email protected] • Kim Chi Korean Delight - Kingsway Mall: $239,000 Adel.Hanafi@cwedm.com [email protected] [email protected] OCTOBER 2017 | WESTERNINVESTOR.COM ALBERTA | SASKATCHEWAN | B13 ALBERTA | WHAT’S HAPPENING CONTINUED FROM PAGE 12 The Lower Mainland’s trusted corporation from converting income into capital gains. The Trudeau government brought for- source for real estate news ward the changes in July to “level” the playing field for high-income-earning and listings individuals, whether they are taxed as employment income or corporations. The changes, however, could adversely affect small-business owners and farmers. Farmers and small business owners that ■ Door-to-door delivery declare dividends among family members retail and office space in the residential Mill will be subject to a “reasonableness test.” Woods area. The property is fully leased to ■ Geo-targeted audiences The Canada Revenue Agency will deter- a mix of local and national tenants, ranging mine whether each individual contributed from medical care facilities to convenience ■ Widest coverage enough labour directly into the business food stores, including a KFC outlet. to warrant the income. If they fail that “Daly Grove Centre has been a valuable test, recipients could be held to the high- product for us,” ReDev president Richard est tax rates. Crenian said in a release announcing the The changes also will limit the eligibility sale. “We’re sad to part ways with the cen- of lifetime capital gains exemptions for tre, but believe our group has maximized family members. the potential of the property.” - With files from St. Albert Gazette. CBRE Edmonton brokered the deal for ReDevNo financial details were released, ReDev sells Edmonton’s nor was the name of the buyer. Daly Grove Centre had been purchased by Daly Grove Centre ReDev in 2007. It is the 14th asset of ReDev Properties’ portfolio to have been acquired, ReDev Properties has sold the Daly Grove owned, operated and sold since 2001. Centre, the second Edmonton retail prop- ReDev sold Edmonton’s 93,353-square- erty it has unloaded this year. foot Whitemud Crossing shopping centre Daly Grove Centre has 33,311 square feet of in June.■ HHIGHI G H LLEVEL,E V E L , AALBERTAL B E R T A FFOROR SALESALE - WWHOLESALEHOLESALE LIQUIDATIONLIQUIDATION 6622 LLOTSOTS ININ MOBILEMOBILE HOMEHOME PARKPARK 220%0% CCAPAP PPOTENTIAL!OTENTIAL! * 62 vacant lots of 82 lot bare land strata mobile home park * Vendor has other interests / park package priced to move * Historically lots rented at $360.00 per month * Do the work and there is great upside. * Courtesy to Brokers Located next to schools and shopping. Regional hub for Northwest Alberta with air service and the regional hospital. REDUCED $699,000 Call for more details GGordonordon GreenGreen 6604-727-709504-727-7095 [email protected]@hotmail.com INDUSTRIAL SITE FOR SALE APARTMENT FOR SALE BY BEST BID NEW INDUSTRIAL FOR SALE/LEASE DEVELOPMENT LAND FOR SALE/LEASE 820 60th Street East, Saskatoon SK 39-47 Lawrence Road, Kamsack SK 614 Solomon Crescent, Regina SK 754 Stanley Dethridge Way, Regina SK 6)EXLOGLQJRQ$FUHVLQ0DUTXLV,QGXVWULDO 6)IRXUVWRUH\DSDUWPHQWEXLOGLQJZLWK 7KLV6)EXLOGLQJRQ $FUHVIHDWXUHV *UHDWRSSRUWXQLW\IRURZQHUXVHULQYHVWRURUWHQDQW )RUPHUIRRGSURFHVVLQJIDFLOLW\ZLWKFRQVLGHUDEOH XQLWVDQGKHDWHGSDUNLQJ$GMDFHQWGHYHORSPHQW )7FOHDUFHLOLQJKHLJKWJUDGHDQGGRFNORDGLQJ %XLOGWRVXLWXSWR6)RQWKLV$FUHORWZLWK EXLOGLQJXSJUDGHVLQIUDVWXFWXUHDQGWZRVWRUH\RIÀFH ODQGLVDOVRDYDLODEOH%LGVDFFHSWHGXQWLO2FWVW GRRUVDQGDSDYHGIHQFHGFRPSRXQG )7IURQWDJHRQ)OHHW6WUHHW Sale Price: $11,250,000 Sale Price: BEST BID Sale Price: $5,150,000; Lease Rate: $12.50 PSF Sale Price: $1,075,000; Lease Rate: Market &RQWDFW7RGG%XWOHUIRUGHWDLOV &RQWDFW7XVLD%ODFNRU3KLOO(OHQNRIRUGHWDLOV &RQWDFW/LQHO\6FKDHIHURU:DONHU0RXOGLQJIRUGHWDLOV &RQWDFW0LNH%DUEHUIRUGHWDLOV REDUCED HUDSON BAY INDUSTRIAL FOR SALE NIPAWIN OFFICE COMPLEX FOR SALE PRIME COMMERCIAL LAND FOR SALE LAND WITH TWO BUILDINGS FOR SALE 102 Hudson Street, Hudson Bay SK 700 Railway Avenue, Nipawin SK Highway #13, Carlyle SK 1037 Kearns Crescent, Regina SK This ±3,840 SF industrial building with showroom, 7KLV6)RIÀFHEXLOGLQJLVEXLOWRXWZLWKIRXU 7KUHHEXLOGLQJV 6)RIÀFHEXLOGLQJ6) $FUHVZLWKIXOO\IHQFHGFRPSRXQGDQGWZR RIÀFHDQGZDUHKRXVHLVORFDWHGULJKWRII+Z\ XQLWVFXUUHQWO\KRPHWRWZRWHQDQWV)XOO\SDYHG VKRSDQG6)VHFRQGDU\EXLOGLQJ RQ$FUHV LQGXVWULDOEXLOGLQJV/DUJHUVWUXFWXUHERDVWV)7 ,WLVFOHDUVSDQVRDOOLPSURYHPHQWVFDQEHUHPRYHG VLWHPRGHUQLQWHULRUDQGQHDUE\GRZQWRZQ1LSDZLQ ZLWKFRPSDFWHGJUDYHO$VVHWVDQGEXVLQHVVQHJRWLDEOH FOHDUFHLOLQJRYHUKHDGGRRUVDQGLQÁRRUKHDW Sale Price: $159,900 Sale Price: $599,000 REDUCED: $499,000 Sale Price: $4,000,000 Sale Price: $3,950,000 &RQWDFW.HQ.UHXW]ZLHVHURU&RG\&KHZNDIRUGHWDLOV &RQWDFW*UDKDP5REHUWVRQIRUGHWDLOV &RQWDFW/LQHO\6FKDHIHURU&ROLQ0F.D\IRUGHWDLOV &RQWDFW:DONHU0RXOGLQJIRUGHWDLOV ICR Commercial Real Estate Saskatoon Downtown: 306.664.6116 Saskatoon North: 306.933.2929 Saskatchewan’s Largest Independent Regina: 306.721.6116 Commercial Real Estate Company SALES | LEASING | PROPERTY MANAGEMENT www.icrcommercial.com B14 | SASKATCHEWAN WESTERNINVESTOR.COM | OCTOBER 2017 for months and years isn’t moving. It’s Sask. & Man. | WHAT’S HAPPENING obsolete.” New space that comes on line is being snapped up quickly, putting landlords opportunities. squarely in the driver’s seat. Hermanos doubles up “Hermanos has the potential to be a na- A lack of adequate space is also resulting tional steak house brand, fitting a unique in fewer deals getting done, and that category of South American steak house. means the province’s business community This is a concept that is growing across is falling short of its true potential. North America and Hermanos is a best- “A lot of companies that can’t find prod- uct in Winnipeg say, ‘well, we’ll look at in-class offer,” he said. Some notable refurbishing projects that Saskatchewan.’ We’re losing opportun- have been completed or are underway in- ities for development and having people clude the First Nations Bank and the Affin- come to our province,” Derrett said. Old space haunts ity Credit Union. There is a 19 per cent vacancy rate in B industrial B landlords pressured space, 14 per cent in C space and 5.6 per A cursory look at Winnipeg’s industrial cent in A space, according to a new re- real estate market shows a sector firing As an unprecedented amount of top-grade search report from Colliers. That makes In a world full of multinational chains, office space is being built in Saskatoon, for an overall vacancy rate of 15 per cent, Noel Bernier is a throwback. on all cylinders, but some troubling trends emerge after digging down into the data. landlords of Class B and C buildings are and Colliers’ forecast calls for it to fall to The Winnipeg-based restaurateur has feeling the pressure to upgrade. 14 per cent by the end of the year. spent the past eight years introducing Vacancy dropped from 4 per cent to 3.8 per cent during the first six months of With a 13-storey building at River Land- McClocklin has a warning for landlords independent unique food and beverage ing on schedule to open in 2019 plus an even who are reluctant to raise a paintbrush. concepts, and now he’s going into expan- 2017 while absorption jumped by nearly 400,000 square feet during the same bigger one in the works, landlords of all “The time is now. [Space] that has been sion mode. kinds are preparing for a flight to quality. Hermanos period, according to a new report from reinvested in will be in high demand. There He has just opened his second Tom McClocklin, president and manag- is always a market for high-quality B-class Colliers International. These positive restaurant, a 4,000-square-foot, 100- ing director of Colliers International’s space. Not everybody needs or wants to be metrics are pushing rents upwards, too, seat eatery on South Osborne Street. Both Saskatoon office, said the smart landlords in AAA space,” he said. ■ but one local expert is worried because it and the original Hermanos, which is of B and C space have already taken action. – Geoff Kirbyson slightly larger and located in the Exchange there simply isn’t enough product out District downtown, are South American- there. style steak houses. “What little that is available is very Bernier plans to open a third in town old,” said Tom Derrett, Winnipeg-based Regina tenants in the driver’s seat in the next 18 months and is looking vice-president of industrial at Colliers. outside Manitoba’s borders for more “The space that’s been sitting around BUSINESS AND THE BATTLEFORDS INVESTMENT OPPORTUNITIES SSALEALE OORR LLEASEEASE EXCELLENT BUSINESS OPPORTUNITY 7.08 ACRES OF INDUSTRIAL ZONED LAND 7,000 sq. ft. commercial building with Highway #16 frontage Completely fenced located adjacent to Territorial Drive in in the City of North Battleford, SK. That is currently operating McMillian Industrial Park North Battleford, excellent location as a Truck and RV Wash located on 1.45 acres. The building for heavy traffi c access. The steel framed metal cladded has two bays 23 x 110 ft. building has 18,900 sq. ft. with heavy fl oor construction $1,125,000 MLS®593387 Listed: $599,900 MLS® 603647. New office construction has helped push vacancy rates higher. | SUBMITTED SSALEALE OORR LLEASEEASE f you build it, they will come – but your row before we were the highest. It could be city’s vacancy rate is going to shoot up. misinterpreted that our market is flocking I That’s the lesson learned in Regina, out like in Calgary. We haven’t had any which saw nearly 400,000 square feet of layoffs,” he said. new office space added a couple of years Kelsey predicts it will take two to three MINUTE MUFFLER BUSINESS EXCELLENT INVESTMENT OPPORTUNITY ago with the construction of projects years until the market becomes bal- In North Battleford, SK being sold including land, 4 bay Property that is zoned C4 located in a close proximity to Territorial building, all equipment, stock/inventory, 1994 Oldsmobile Drive and Highway #16 and having good access to a street that has known as Tower Three and Agricultural anced again. Until then, tenants are in car, 1997 Ford 150 truck. Excellent opportunity to purchase a the highest daily traffi c count in North Battleford, SK. This property Place, and has only now started to emerge the driver’s seat. The competition among consisting of 5 lots being about 4.39 acres. The main building located well-known franchise that has been in this location for about on 2 of these lots has 10,400 sq. ft. of developed offi ce retail area with from the trough. landlords to attract businesses is causing 30 years. a tenant and about 2880 sq. ft. of heated work shop area. According to a second-quarter indus- inducements ranging from six months of $998,000 MLS®590438 Listed: $2,350,000 MLS®592761 try report on the city’s office sector, the free rent to cash to pay for improvements. vacancy rate has fallen to 12.4 per cent, “They have to dive for quarters for a down from 13.2 per cent last year. while,” he said. Michael Kelsey, associate vice-president Demand is higher for Class A space, and a broker in Colliers International’s which has a vacancy rate of about 8.7 per Regina office, said the high rate is purely a cent, while Class B is nearly twice that. DEVELOPMENT PROPERTY result of the new construction and doesn’t “Companies want the high-profile space Two parcels of property in the resort village of Meota, EXCELLENT BUSINESS OPPORTUNITY SALE/LEASE reflect the true state of the city’s economy. and the spaces they’re leaving need to be Saskatchewan and next to a golf course. 18.5 acres of Building with 10,000 sq. ft. of offi ce space in down town North Battleford, SK with an anchor long term tenant in place and with an “We were the lowest [vacancy rate] in back-filled. There is a glut of Class B space highway commercial and 27.6 acres of commercial/ additional 6,600 sq. ft. available to be occupied. Excellent opportunity North America for three or four years in a on the market,” Kelsey said. ■ residential. Located within 20 minutes of the city of North for a business to operate in part of this building and have a tenant in the Battleford, SK reminder of the building that would provide an income. MLS®593674 MLS®593675 Listed: $1,950,000 MLS®593855 ADVERTISE WHERE INVESTORS ARE LOOKING GREAT BUSINESS OPPORTUNITY FOR SALE GAS STATION FOR SALE For sale 2,560 sq. ft. shop with in-fl oor heat, 2 storage sheds, Business in Edam, Saskatchewan: Esso service station with fenced .98 acre lot in the town of Macklin, SK. Included are a restaurant-takeout food and convenience store. Includes 2 all shop tools and equipment, 2000 Mack pressure truck that lots totalling 1.76 acres. Located on highway 26 including all has a working contract. equipment, furniture, supplies and stock. Listed: $370,000 MLS®587323 Listed : $635,000 MLS®600808 Wally Lorenz Dorothy Lehman Owner/REALTOR® REALTOR® 604.669.8500 TOLL FREE 1.800.661.6988 [email protected] [email protected] WESTERNINVESTOR.COM RE/MAX OF THE BATTLEFORDS Each offi ce is independently owned and operated 306-446-8800 OCTOBER 2017 | WESTERNINVESTOR.COM SASKATCHEWAN | MANITOBA | B15 OON ADVERTISE WHERE SSASKATOONASKAT INVESTORS ARE LOOKING KINDERSLEY, SASKATCHEWAN TS NEW RETAIL - FOR LEASE AAPARTMENTSPARTMEN • Addition to 700 Victoria Avenue Strip Mall Brad Edgerton • 4,370 sf demisable space still available • 1,500 sf of new space leased 306.463-4515 • AM side of street, 27000 vehicle count per day • Opportunity to relocate for expansion WWANTED!ANTED! VIC EAST SPACE FOR LEASE SASKATCHEWAN • Approximate 850 sf end space Call DEL PETERS REALTY • 2 rooms + front open space 604.669.8500 PROPERTY • Excellent space for professional services TOLL FREE 1.800.661.6988 306.934.3151 COMMERCIAL INVESTMENTS • Going home side of Vic Ave. WESTERNINVESTOR.COM www.delpetersrealty.com • $18/psf NNN $5 psf Net Charges AND Light Industrial - West Bypass BUSINESS FOR SALE BRANDON, MANITOBA • Emerging industrial zoned area MOTEL: 16 ROOMS , TRANS CANADA HIGHWAY , MAJOR INTERSECTION , north of TransCanada in the RM of Sherwood GROWING BUSINESS, PRICE $1.1 MILLION • Proposed multi-tenanted light industrial building[s] MOTEL: 12 ROOMS , NICELY RENOVATED, CENTRAL HEAT AND COOL, +/- 120,000 sf • Shallow bay [+/-125’], high clear height [28-32’] & OWNERS WISHING TO RETIRE, IDEAL FOR A FAMILY , PRICED $899,000.00 wide span [+/- 50’] MOTEL: 24 ROOMS, RESTAURANT LEASED OUT, STEADY CLIENTELE, • Multi bay +/- 15,000 sf size increments LOCATED IN A GROWING MANUFACTURING COMMUNITY ,PRICE $859,000.00 • 0.8km West bypass frontage 1km north of MOTEL: 50 ROOMS, FLAG MOTEL, 17 YEARS OLD, RENOVATED TO Trans Canada/South bypass Interchange FRANCHISE STANDARDS, MANAGER IN PLACE, PRICE $4,499, 000.00 • Ease of access for truck/semitrailer fl ow to major access routes MOTEL: 32 ROOMS, STEADY ROOM SALES APPROX. $525,000. PER YEAR, • Ideal location for showroom, warehouse, FRESHLY RENOVATED, VISIBLE LOCATION, PRICE $1,999,000.00 Comm. building with 12 residential e-commerce distribution space apartments on top fl oor. Elevator. I have several motels for sale with owners anxious to sell, priced from $400,000 to 5 million V.(Bill) Kutsogiannis BROKER, CCIM Government rentals in building. 10% return. $2,350,000 (306) 591-2248 Century-21 Westman.com www.janusrealty.ca Brandon, MB Direct Line:204-729-5074 Email: [email protected] INVESTMENT OPPORTUNITIES LOOKING FOR SELLERS - Brand new duplexes and multifamily/commercial. - We have all kinds of Commercial Buyers - CASH/QUICK CLOSING - Infi ll locations and new subdivisions. - Commercial/Industrial properties with long term Tenants. LAND FOR SALE (Regina & Surrounding) - Land development. - MAC ZONING - INDUSTRIAL Business and Rented Property- Mechanics dream! 66’ frontage on OPEN IN 2016 nancing available busy hwy. 3200 sq. ft. shop with VTB fi show room, offi ce, and 1148 sq. ft. shop, rented out. $500,000 Rosetown, SK Shell Gas Station Restaurant/Bar/Motel - Recently renovated - High traffi c location For Sale For Sale 12 Unit Apartment - Call for price - Can be purchased with bar/restaurant - High traffi c Regina - 42 rooms + manager suite next door - Well established, strong sales - Unique Financing opportunity - Near pipeline construction work - Call for details; serious buyers only - Can be purchased with gas station next door - Own this property - Bar/restaurant/offsale/VLT Regina - Moose Jaw Area Regina - Moose Jaw Area with 10% down Local bar with restaurant, cold beer and wine store. Leased space to Prov. Gov. and a 1 hour Martinizing. LLookingooking forfor Well maintained, property consist of 1 block. $3,300,000 SSELLERSELLERS Davidson SK 1355 Albert Street ooff CCommercialommercial Mixed use building Jubilee Motor Inn Regina For Sale - Busy 24 room motel - Investment Opportunity RRealeal EEstatestate - Commercial; restaurant on main - Nearby pipeline/construction - New HVAC - Residential on top; 6 bedrooms - Low vacancy - Call for details Offi ce Building on highway 7 - 5400 sq.ft., mezzanine. 2 long term LLookingooking forfor tenants, triple net rent. Lot could be LD subdivided. $1,200,000 BBUYERSUYERS SSOLDO Mixed use building - For sale Church For Sale - Commercial on main; ooff CCommercialommercial 8 Plex For Sale - 7 two bedrooms + 1 one bedroom Chamberlain, SK residential on 2nd - $819,900 - Church + 3 adjacent lots - Approx. $79,000 RRealeal EstateEstate - New roof, windows - Loads of potential annual gross income - Fully rented - Close to Downtown - Call for more details Established restaurant with 86 John Chung, CCIM Aideen Zareh seats. New 5 year lease. Recently 306.501.5333 306.591.6915 renovated. Good location on busy highway. $295,000 [email protected] [email protected] www.commercialregina.ca B16 WESTERNINVESTOR.COM | OCTOBER 2017 RITCHIE BROS AUCTIONEERS 15678_107794 BH1 4.00 x 13.108 NONE RESULTS DRIVEN 604 684 8844 COMMERCIAL REAL ESTATE SERVICES www.kleingroup.com MOBILE HOME PARK FOR SALE MOBILE HOME PARK FOR SALE | FORT ST JOHN BC ROCK CREEK BC • 3.19 Acres, Low Vacancy • 15 Pads, Dual Road Access • 9.1% Cap Rate, Close to Town Centre • $549,000 MOBILE HOME PARK FOR SALE CLEARWATER BC • 34.5 Acres • 70 Mobile Home & 14 RV Pads • Expansion Potential and Low Vacancy SOLD • Close to Downtown Fort St. John, Great Highway Access • Owners Currently Operate Park from Vancouver • On Track to Gross over $370,000 this Year • 6.85 Acres, Low Vacancy • 14 Pads plus 2 Residential Buildings • City Water, 12% Potential Cap CALL FOR PRICING • $550,000 MOBILE HOME PARK FOR SALE MOBILE HOME PARK FOR SALE | MACKENZIE BC OKANAGAN BC • 120 Pads, 14% Potential Cap • Close to Town Centre COMING SOON • Town Services • Principles Only • Approx. 72 Pads, Low Vacancy • Close to Town Centre, Town Services • Principals Only, Buyers Fee Required $2,400,000 • Approx. $2,500,000 MOBILE HOME PARK FOR SALE MOBILE HOME PARK | NORTHERN BC BURNS LAKE BC • 70+ MHP and 25+ RV Rental Lots • Northern BC / Port Community SOLD REDUCED • High Demand (Avg. $550 / Pad) • Projected 40+% Return, Won’t Last! • Corp. Housing Contracts Pending • 39.43 Acres, 58 Pads • Close to Town Centre • Phase 1 Expansion Complete $3,850,000 • $1,249,000 Eugen Klein Chris Hayne CONNECT B.Comm (UREC), FRI, CLO, CRES, ARM®, Commercial Real Estate RI, CCIM, CIPS, ICD.D Investment WITH US: Commercial Real Estate Investment Royal LePage Sussex Klein Group | 204 - 345 Robson Street, Library Square | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 1 866 352 9311 | TF 1 855 684 8844 | www.kleingroup.com 2017 EDITORIAL LINE-UP Every month, Western Investor readers find unique investment opportunities from across Western Canada. Advertisers can align with targeted editorial or in the geographic region of choice. REGIONAL NEWS, MARKET UPDATES, TOP COMMERCIAL SALES JANUARY MAY SEPTEMBER Deadline: December 5 Deadline: April 10 Deadline: August 14 Commercial real estate outlook 2017 Hotel & motel market Selling/buying a business Industrial strata Modular housing parks Alternative financing Retail leasing strategies Golf course investing Mortgage brokers Close up: Winnipeg & Brandon Close up: Calgary & South Alberta Close up: Saskatoon • Franchises • Franchises • Franchises • Recreation real estate • Recreation real estate • Recreation real estate • Numbers • Numbers • Numbers • Done deals • Done deals • Done deals FEBRUARY JUNE OCTOBER Deadline: January 9 Deadline: May 8 Deadline: September 11 First Nations Inc. Syndicate investing Flipping real estate Retirement REITS U.S. commercial real estate U.S. border states Office churn Industrial real estate Property management Close up: Saanich & Victoria Close up: Fort McMurray (1 year since the fire) Close up: New Westminster • Franchises • Franchises • Franchises • Recreation real estate • Recreation real estate • Recreation real estate • Numbers • Numbers • Numbers • Done deals • Done deals • Done deals MARCH JULY NOVEMBER Deadline: February 6 Deadline: June 12 Deadline: October 10 Multi-family report Financing retail plays 5 top towns for investors Landlord mortgages Rise of the mega-malls Ski resorts Self storage investments Distribution warehouses Transit & real estate Close Up: South Surrey-White Rock Close up: Regina Close up: Whistler & Squamish • Franchises • Franchises • Franchises • Recreation real estate • Recreation real estate • Recreation real estate • Numbers • Numbers • Numbers • Done deals • Done deals • Done deals APRIL AUGUST DECEMBER Deadline: March 13 Deadline: July 10 Deadline: November 6 Annual Land report Annual recreation report Residential investment outlook 2018 Urban land banking Trophy waterfront for sale Office: lease or buy Farmland investing Resource town revival Civic incentives Close up: Edmonton Close up: Prince George Close up: Vancouver CRE • Franchises • Franchises • Franchises • Recreation real estate • Recreation real estate • Recreation real estate • Numbers (First Quarter Report) • Numbers • Numbers • Done deals • Done deals • Done deals 604-669-8500 | Toll Free : 1-800-661-6988 Fax: 604-669-2154 | [email protected] | www.westerninvestor.com