COMMERCIAL REAL ESTATE | FRANCHISES | BUSINESS OPPORTUNITIES $4.29 • SEPTEMBER 2017 • VOL32/9

RICHMOND | 12 BIG INDUSTRIAL BID “NOT SPEC” Richmond 170-acre development will start when first leases inked – and that will not be long

PRE-SALES | 14 CRA PROBES CONDO FLIPS Canada Revenue Agency takes developer to court over assignment sales

CONTENTS Full index 3 FFRANKLINRANKLIN JACKSONJACKSON Hotel towers 10 Industrial giant 12 MMARRIOTTARRIOTT Residential investing 14 Property taxes 16 TTOWERSOWERS INTOINTO B.C. report 18 Mortgage rates 20 CCENTRALENTRAL SURREYSURREY Done Deals 26 HHOTELSOTELS RISERISE ININ WESTWEST | 1100 PUBLICATIONS MAIL AGREEMENT 40069240 0 9 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 | SEPTEMBER 2017

NEWLY RENOVATED FOR SALE - EAST VANCOUVER PRIME OCEANFRONT FOR SALE FOR SALE - SINGLE TENANT APARTMENT BUILDING BUILDING AND PROPERTY DEVELOPMENT OPPORTUNITY 38.4 - 78.4 ACRES INVESTMENT OPPORTUNITY LIMERICK APARTMENTS - 5450 204TH ST, LANGLEY 1428 CHARLES STREET, VANCOUVER MARINER’S VILLAGE, SOOKE, BC BURKE MOUNTAIN, COQUITLAM 250 WINNIPEG STREET, PENTICTON, BC

• Pad Development Opportunity • 41,382 sf / 0.95 acre property • 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 • 3 storeys, 39 suites and 27,267 sf • Beautiful views • Net Operating Income $564,668 (as of 09/2017) of net rentable area • Located in Strathcona, walking distance to • Views of Sooke Harbour & the Olympic Mountains • Future residential development property • Long term lease • Asking Price $7,600,000 amenities of Venables and Commercial Drive • Serviced, zoned, marina leasehold included or ideal estate lots • Listing Price $9,800,000 • Asking $6,300,000 • Asking $3,500,000 per lot 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 INVESTMENT OPPORTUNITY MULTI-FAMILY FOR SALE PROSPERITY BUILDING AT INSPIRATION BUILDING AT LOCATED IN THE CENTRAL OKANAGAN DEVELOPMENT OPPORTUNITY 158 ACRE DEVELOPMENT SITE DOCKSIDE GREEN DOCKSIDE GREEN SUMMOKAN MOBILE HOME PARK 8712 STEUART STREET, SUMMERLAND, BC 342 WALE ROAD, COLWOOD, BC KNIGHT CRESCENT, PRINCE GEORGE, BC 388 HARBOUR ROAD, VICTORIA, BC 398 HARBOUR ROAD, VICTORIA, BC

• Well maintained park with consistent • Centrally located in the rapidly growing West • 158 acres just off the Hart Highway • Spectacular Turnkey Class “A” Strata • Spectacular Turnkey Class “A” Strata income stream Shore community of Colwood • Plan includes a mobile home park, single family • Ground Floor - 4,393 sf • Second Floor - 6,642 sf • 55 home sites on 7.8 acres • Site size of 59,374 sf and multi-family lots • Second Floor - 1,657 sf • Third Floor - 6,641 sf • 2 single family homes on additional land • Asking Price $2,999,000 • Asking $2,850,000 • Third Floor - 4,100 sf also available for sale • Asking Price $3,500,000 DON DUNCAN* | CHRIS DRIVER* TIM SOMMER* | CHRIS DRIVER* BILL RANDALL* COLLEEN AUSTIN | ANNE TANNER* COLLEEN AUSTIN | ANNE TANNER* KELOWNA AREA FOR SALE: 30 ACRES OF FOR SALE/LEASE - GLOUCESTER ±21,000 SF BUILDING ON FOR SALE: 1.54 ACRES OF SHOPPING CENTRE DEVELOPMENT LAND INDUSTRIAL ESTATES 4.5 ACRE LAND INDUSTRIAL LAND IN BURNABY WESTBANK SHOPPING CENTRE BEAUMONT LAKES SOUTH, EDMONTON, AB 5363 & 5368 273A STREET, LANGLEY 26345 62ND 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) • Close proximity to Highway #1 (Langley, BC) • 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) • Asking Price $3,250,000 corridor of North Burnaby on a prepaid lease • ±165,000 per acre • 24’ & 26’ ceiling heights • Zoned Institutional • 33,140 sf building on 1.54 acres of land • Tenanted by: Landmark Cinemas, Tim Hortons, • Asking $5,000,000 • Ample turning radius & enclosed storage • Land in ALR/Grandfathered • Zoned M5 - light industrial district White Spot and TD Bank with fence • Asking Price $11,000,000 PETER GIBSON* KEVIN MEIKLE*** | EDGAR BUKSEVICS* HARPREET SINGH* BILL HOBBS* | DAVID POTTINGER HARPREET SINGH* | MICHAEL HARDY* JORDAN SENGARA* | RON EMERSON FOR SALE INVESTMENT OFFERING ABBOTSFORD INVESTMENT BRAND NEW STRATA UNITS IN FOR LEASE - RARE 46,400 SF WEST END HOLDING PROPERTIES FULLY LEASED INDUSTRIAL BUILDING PRICE REDUCED! PORT KELLS STAND ALONE BUILDING WITH REDEVELOPMENT POTENTIAL NEWTON INVESTMENT 2451, 2455 & 2467 CLEARBROOK ROAD 19715 96TH AVENUE, LANGLEY 3600 VIKING WAY, RICHMOND ABBOTSFORD

SITE

1386 & 1390 THURLOW STREET, VANCOUVER • Strategic multi-family holding properties • 10,000 sf building on 1.21 acre site • 9,480 sf - 11,886 sf available • Total lot size: 3.094 acres • Designated high-rise density in West End • Strong national tenant covenant • 0.54 acres commercial land • Dock and grade loading • Flex office and warehouse configurations Community Plan • Fully paved, fenced, drained and • Opportunity to purchase all or select sites • Exposure to 96th Avenue and Telegraph Trail • Zoned IB1 (International Business Park) • 2 blocks from the beach with potential for landscaped yard • High visibility location • Asking Price $300 psf • Please contact listing agents for more details water views • Potential for drive-through uses • Contact listing agents for asking price BRETT AURA* | CRAIG W. BALLANTYNE* BILL HOBBS* HARPREET SINGH* ANDREW GREEN* RON EMERSON | JORDAN SENGARA* FOR SALE FULLY TENANTED FOR SALE RARE FREESTANDING FOR SALE - 168.7 ACRES THE DUNCAN COURTHOUSE INDUSTRIAL PROPERTY FULLY LEASED BUILDING INDUSTRIAL INVESTMENT WITH RENTAL INCOME 238 GOVERNMENT STREET, DUNCAN, BC CLOVERDALE INVESTMENT PROPERTY 4898 MAIN STREET, VANCOUVER 1940 BROADWAY STREET, PORT COQUITLAM 2575 ALASKA HIGHWAY, FORT NELSON, BC REDUCED

• Opportunity to purchase a well maintained • 22,500 sf freestanding manufacturing/ • AAA National Covenant Tenant • 5 year lease expiring 2021 provincial government tenanted Courthouse distribution warehouse • High profile location • 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 • 10,027 sf retail strata • 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 • Asking Price $9,380,000 • Sale Price $2,250,000 • Cap rate 5.27% for the building and 20 acres • Reduced Price $7,988,888 • Asking Price $4,900,000 ANNE TANNER* | ADAM FRIZZELL BILL HOBBS* CRAIG HAZIZA** RICK EASTMAN* | KEVIN VOLZ* BILL RANDALL* FOR SALE: PRIME WESTSIDE PRIME CORNER COURT-ORDERED SALE FOR SALE TWO LIQUOR STORES INVESTMENT PROPERTY RETAIL BUILDING LOTS 26 & 27 - 3220 OTTER POINT ROAD 250 HIGHWAY 97A VERNON/SPALLUMCHEEN, BC FORT ST. JOHN, BC 3496 DUNBAR STREET, VANCOUVER 615 TWELFTH STREET, NEW WESTMINSTER SOOKE, BC

• Corner lot - Dunbar Street & West 19th Avenue • Lot size: 4,698 sf • 1.49 acres • Located in Spallumcheen Valley • Highly desirable Westside street • Building size: 3,444 sf • 20,000 sf industrial building • 112 acres • Land, building and business • Walking distance to schools, parks and shops • Zoning C2-A (4 storey development potential) • Site is fenced and paved • Industrial zoning • NOI $873,629 • $4,980,000 • Asking Price $1,499,000 • Asking $4,500,000 • Price $7,700,000 • Cap Rate: 11.43% ERIC WALKER | ADAM FRIZZELL BOE IRAVANI* ALEX CHRONAKIS BILL RANDALL* | ELIZABETH MEARS 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 | SEPTEMBER 2017

OPINIONS & FEATURES NEWS WESTERN PERSPECTIVE 6 Biggest industrial play underway Frank O’Brien, Western Richmond Industrial Centre covers 170 acres 12 Investor editor, says new Taxman probes condo flips B.C. government strategy of Canada Revenue takes developer to court 14 policy over pragmatism may derail provincial economy Global giant buys into Brentwood Catterton stakes $2 billion Burnaby project 18 PROPERTY TAX PERILS 16 Done Deals Terry Bishop of Altus Group What sold and for how much in Western Canada 26 warns commercial real estate investors that municipal property taxes can become their biggest liability ADVERTISING DIRECTORY BEWARE HIGHER RATES 20 Consultant Robert McGarvey Lower Mainland 2-22 believes that the recent Bank Services 20 of Canada hike marks steady Sea to Sky/Sunshine Coast 22 return to a higher-mortgage- Vancouver Island 23-27 rate environment MORE OPPORTUNITIES SECTION B Interior B.C., Alberta & other provinces, recreation COVER FEATURE Marriott hotel manager Franklin Jackson stands atop the highest 10 tower between Vancouver and Calgary 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

Danny Camele PREC Real Estate Professional 604 518 2025 DannyCamele.com Personal Real Estate Corporation

SALES

CALL Don Munro [email protected] SUTTON GROUP 604-817-7338 www.donmunrorealestate.com WEST COAST REALTY COMMERCIAL/INDUSTRIAL ACREAGE ACREAGE ACREAGE Fill Site ABBOTSFORD LANGLEY LANGLEY • 600,000 cubic meter fi ll site on acreage property 889 Lefeuvre Road 5079 240th Street • Great exposure • Zoned Agricultural A-1 6895 & 6897 272nd Street • +/- 137,000 Sq.Ft. in 3 growing areas, plus potting • Highway access • Highly visible & easily accessible corner location... • Centrally Located 32.85 Acres area, boilers, staging area, pesticide area, • Call for Confi dential Details a prime location for your Agricultural Business • Private Estate Property lunchrooms, bathrooms and mezzanine storage CHILLIWACK • Extensive Improvements...including; • 2 Titles – 3 residences , pool, storage garages , • Currently +/-137,000 Sq.Ft. room to expand to +/- 8558 Chilliwack Mountain Road - 58,700 sq.ft. two story mushroom barn stables & paddocks 200,000 Sq.Ft.-Room to Expand up to 66% site coverage with 134,000 sq.ft. growing area • +/- 2,513 Sq.Ft., 3 Bedroom Rancher, • 10.687 Acres • 7,947 sq. ft. Main House with 6 bdrms, 5 bathrms +/-1,155 Sq.Ft. Employee Residence, - 36,800 sq.ft multi-use building • Concept A • 4,071 sq.ft. 2nd home 3 bdrms , 2 baths +/- 1,200 Sq.Ft. Workshop/Garage - Landlord will be using the Northern Most Portion - 3,200 sq.ft. workshop • 1,423 sq. ft. Equestrian residence 2 bdrms, • City Water-Commercial/Industrial sized Fronting Chilliwack Mountain Road • Set up for a mushroom farm… but adaptable for - 3 additional lots 2 baths water connection at property line anything… Only limited by your imagination! • 3 Driveway accesses $3,300,000 - All fronting Aitken Road • 3 phase power Call For Pricing • 2,392 sq. ft 4 car garage - Aligned with current city zoning M3(General • 10 stall stables with feed storage , offi ce , tack 6681 Glover Road Industrial) and M4(Heavy Industrial ) LANGLEY room and grooming area • 4 Bedroom, 2 Storey Residence Built “1909” • Concept B 7025 272nd Street CALL FOR MORE DETAILS • +/- 83,000 sq.ft. of Buildings - Landlord will be using the Northern Most • 3-1/2 acres Parking • Zoning RU-3 Lot Fronting Chilliwack Mountain Road • 11.9 Acres beautiful mountain view property • Close Proximity to Everywhere Call Us For Pricing - 4 additional lots • Easy Access to the TransCanada 8261 264th Avenue - 2 fronting Aitken Road, 2 accessed off cul-de-sac • 7,506 Sq. Ft. Main House • 5 Acre View Property CHILLIWACK - Rezoning needed to M1(Light Industrial) and/or • +/- 6,325 sq.ft., 4 Bedroom, 6 Bathroom M2(Service Industrial) • 2,507 Sq. Ft. Secondary House 51140 Ruddock Road • 1,014 Sq. Ft. Garage custom built home with double car garage • 27.097 Acres ACREAGE • 2,299 Sq. Ft. Bike Garage $3,699,999 • 4 car garage with 1,200 sq.ft. custom built guest • Signifi cant road frontage SUNSHINE COAST` 3560 264th Street house • Possible development opportunity • Panoramic Views of North Shore Mountains and • Proposed zoning Comprehensive Development (CD) • 7.12 Acres 2525 Lower Road Fraser Valley from most rooms in the home • Only 15 minutes to schools, doctors & medical services • 4.1 Acres Waterfront Property • 4 Bedroom, 2 Bathroom +/- 3,639 sq.ft. • Gated Driveway with home set well back on $1,995,000 • 265’ of waterfront substantially rebuilt home 7630 Nixon Road • Less than 1/2 hour drive from ferry • Guest Suite • Pool • 24’ x 60’ detached workshop property for Optimal Privacy • 60.1 Acres • Private end of road building location • Five bedrooms each with own ensuite • View of Mt Baker • Zoned RU-3 • Great Locations • Many balconies and patio to enjoy the view and • Build your private estate here • 4,950 Sq. Ft. One and a Half Storey Home for extensive outdoor living • Split Land Use Zoning - 31% RH (Rural Hillside) & • Cedar Deck facing Ocean • Currently running a small engine repair facility on site • Zoned RU-3 69% RSV1 (Limited Use Reserve) • Beautiful view property $3,495,000 $2,100,000 $2,500,000 • Property is not located in the ALR $3,000,000 ✓ VALUE FOR $ ✓ GOOD RETURN ✓ TENANT COVENANT ✓ UPSIDE ✓ CAREFREE A4 | LOWER MAINLAND WESTERNINVESTOR.COM | SEPTEMBER 2017

Vancouver 604.736.5611 MACDONALD COMMERCIAL Fraser Valley 604.542.2444 REAL ESTATE SERVICES LTD. [email protected]

COURT ORDERED SALE INVESTMENT OPPORTUNITY C-2 ZONED DEVELOPMENT OPPORTUNITY PORT MOODY INVESTMENT / DEVELOPMENT SITE

INLET STATION

ST. JOHN ST

SALE SOLD SALE SALE

3683 E Hastings St, Vancouver, BC 1569 West 12th Avenue, Vancouver, BC 1111 – 1123 Kingsway, Vancouver BC 3227 St Johns St, Port Moody, BC • 74,125 sqft Mixed Use Building • Exclusive South Granville location • Corner property on the north-east corner of Kingsway • Approx. 5 min walk to Inlet Center Skytrain Station • 70 Residential Units with 42,350 SF of Retail / • 10 Suite Apartment Building & Glen Drive • Zoned C-2C Commercial Zone (2.5 • Potential 6 storeys mixed-use area Office Space • 33,670 SF C-2C Zoned Site • 6,250 sq. ft. (50’ frontage x 125’ deep) FSR) • Site area: 19,225 SF • Site size: 16,890 sf • Walking Distance of the Kootney Loop Transit • Price: $5,250,000 • Price: $14,800,000 • Price: $5,000,000

Brian Tattrie & Matt Nugent* 604.736.5611 Nick Goulet & Stuart Wright 604.736.5611 Matt Nugent*, Edward Chiu & Kevin Wang Fay Tseng 778.881.6204

WATERFRONT 40-ROOM HOTEL & MARINA MULTI-FAMILY APARTMENT BUILDING LIGHT INDUSTRIAL STRATA PROPERTY INVESTMENT OPPORTUNITY

SUBJECT

SALE SALE UNDER CONTRACT SALE

6555 Hardy Bay Rd, Port Hardy, BC 1030 Harwood St, Vancouver, BC 103 - 39012 Discovery Way, Squamish, BC 20456 Fraser Highway, Langley, BC • 2.6 acres of waterfront land, 4 acres of water • 3 Storey with 30 Suites - Downtown Vancouver • Light Industrial concrete/steel bldg. located in the • Character Retail Building Downtown Langley lease, 1000 ft new & reconditioned docks, full • Site Size: 12,969 SF (99’ x 131’) “Sealink Business Centre” facing the Sea to Sky Hwy • Near proposed LRT Station service restaurant and pub, liquor store, marine • Zoned RM-5A Multiple Family • 1,592 SF (1,204 SF WHSE + 388 SF mezzanine office) • Good Holding Property store, fuel dock, storage and laundry facilities. • Assessments: $23,390,100 • Price: $456,888.00 • Price $1,500,000 Cynthia Dong* 604.518.8230 Cynthia Dong* 604.518.8230 Mark Hagedorn* 604.714.5524 Steve Schweighert 604.714.5727

CANYON HOT SPRING RESORT 10 UNIT APARTMENT BUILDING COMMERCIAL INVESTMENT OPPORTUNITY RETAIL / OFFICE OPPORTUNITY

SALE SALE SALESALEMark Hagedorn* 604.714.5524 LEASE

7050 Trans Canada Hwy, Revelstock, BC 411 3rd Ave New Westminster, BC (Queens Park) 101 -103 Riverside Drive, North Vancouver 2429 Marine Drive, West Van • 205.171 Acres • Hot mineral pools, 200 camp- • High revenue holding/development property • Owner/Occupied investment opportunity to • “A” frame Architecture with 18’ft.+ Cathedral style sites, RV Park, and mountain Chalets and cabins • Lot Size: 17,667 SF occupy 3,590 SF with built-in revenue. Grade level ceiling height • Located between Mount Revelstoke and Glacier • Building Size: 10,500 SF loading with parking front and back • Employment • Close to transit National Parks, 6 hours away from Vancouver. • Price: $4,588,000 Zone-Light Industrial • +/- 8,770 SF • $3,288,888 • 2,845 SF • Total Monthly Rent: $8,836/month Cynthia Dong* 604.518.8230 Cynthia Dong* 604.518.8230 Mark Hagedorn* 604.714.5524 Mark Hagedorn* 604.714.5524

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 cccupancy • 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 INVESTMENT OPPORTUNITY RETAIL/OFFICE SPACE

SALE UNDER CONTRACT SALE SALE

866 East Broadway, Vancouver, BC 316 Gower Point Road, Gibsons, BC 133 & 135 East 3rd Street, North Vancouver • 33’ x 122’ lot in newer residential neighbourhood. • 1800 SF Restaurant/Commercial Space. 131 East 3rd Street, North Vancouver • 18 Brand New Residential Units • Commercial/Residential Development • RM-4N Zoning • Plus 3 Bdrm And 1 Bdrm Rental Suites • Fully Leased • 133: 1,084 SF - Price: $1,190,000 • 6-suite apartment building with 2,013 square foot • C5 Downtown Commercial Zone 5 • $11,888,000 • 135: 1,114 SF - Price: $1,280,000 of ground floor commercial space • $3,200,000 • Price: $ 1,599,000

Dan Schulz* & Chris Winckers 778.999.5758 Dan Schulz*, Mark Hagedorn*, Marion Meyer Dan Schulz*, Mark Hagedorn* & Chris Winckers 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 SEPTEMBER 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 1555 Jubilee Street 160 Tamarack Avenue 510 Yates Street 3819 Cambie Street Victoria, BC Kamloops, BC Victoria, BC Vancouver, BC

NEW LISTING NEW PRICE UNDER CONTRACT FIRM

• 21 unit centrally located • Opportunity to maintain • 11 units on the North • Well located with easy • Waterfront brick heritage • /,2+!Ɲ,,//"012/+1 • Centrally located in • Desirable mix of spacious apartment building near 1%"&+ /"!& )" 0%Ɲ,4,/ Shore of Kamloops access to downtown and building 4&1%Ǘ+!+!ǘ/!Ɲ,,/ Cambie Village unit types Royal Jubilee Hospital reposition the asset • All 2 bedroom units near-by amenities • 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]

2181 Haultain Street 13011 Steven Avenue 430 & 448 Cherry Avenue 261-263 Arrowstone Drive Oak Bay, BC Summerland, BC Kamloops, BC Kamloops, BC

SOLD SOLD SOLD SOLD

• 39 character units of • Near downtown Victoria in • Summerland rental • Prominent location • Two adjacent renovated • Containing 12 units each • 2 building, 46 unit rental • Excellent curb appeal predominately spacious 2 prestigious Oak Bay property lending breathtaking view apartment buildings • Numerous capital complex • Well located next to bed suites • Below market rents • 11 spacious townhome of the South Okanagan • Separate titles for each expenditures recently • Immaculately maintained Sa-Hali Secondary and style suites Valley building completed inside and out amenities [email protected] [email protected] [email protected] [email protected] INDUSTRIAL AND LAND FOR SALE IntraUrban Rivershore Phase 1 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 • 4,902 s.f. - 116,465 s.f. • T5 lighting • Units starting at 3,800 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 levellers • 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"+11&3"0Ǿ /,("/0,/$"+10*("+,$2/+1""001,1%" 2/ 6,#1%"&+#,/*1&,+ ,+1&+"!%"/"&+Ǿ+!,ƛ"/1%"/,-"/164&1%,21"5-/"00,/&*-)&"!4//+1&"0,#+6(&+!ǽ%"/,-"/16*6 "4&1%!/4+4&1%,21+,1& "ǽ #1%"/" &-&"+1,#1%&0&+#,/*1&,+%00&$+"! ,+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 VICTORIA MULTI-FAMILY LAND ASSEMBLY VICTORIA COMMERCIAL / MULTI-FAMILY

SALE SALE SALE SALE

Thriving Businesses, Land and Building Brand New Retail / Residential Building Victoria, BC Price: $3,400,000 Three Story Building Price: $2,900,000 nd • Lease Income from 2 floor Offices • Liquor Store (LRS) on Main • Up to 29,600 SF • +/- 2,590 SF Retail on Main • Building +/- 9,542 SF Lot Size +/-25,619 SF • 3 Residential Suites Up • Adjacent to Gorge Pointe Pub Lands • (3) 2-Bedroom & (1) 1-Bedroom • OCP Mixed Use - Commercial / Multi-Family • Pro-Forma 14% Combined Cap. Rate • Good Holding Property • Bldg 7,828 SF / Lot 7,474 SF • Price: $4,350,000 • Price: $4,195,000 • Nice neighborhood with waterfront parks 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 | SEPTEMBER 2017 B.C. economy must brace for a seismic shift

COMMENT | New government reveals plan that will begin to topple province from its perch as Canada’s PUBLISHER: Janai York leader in job growth and economic vitality EDITOR-IN-CHIEF: Joannah Connolly EDITOR: Frank O’Brien he West Coast is an earth- vital to Canada’s economy and the minimum wage, despite CONTRIBUTING WRITERS: Chuck Chiang, Tanya quake zone and thinking WESTERN fully approved by the federal evidence that it will reduce Commisso, Darryl Greer, Geoff Kirbyson, Robert about the “big one” is an PERSPECTIVE government. employment. McGarvey, Peter Mitham, Tyler Nyquvest, Frank T O’Brien ongoing British Columbia fixa- We had hoped they were simply This government will expand PROOFREADER: Meg Yamamoto tion, but the province is already grandstanding, but apparently the carbon tax, hike the corpor- PRODUCTION: Darko Isic quaking from a seismic shift that little time moving to topple B.C. not. ate tax rate to 12 per cent and ADVERTISING SALES: Behrouz Habibi, has dramatically changed the from its perch as Canada’s leader The Trans Mountain pipeline increase the top personal rate to David Witherspoon ADVERTISING SALES CO-ORDINATOR: Angela Foster economic landscape. in job generation and economic would create 37,000 direct and 19 per cent. CIRCULATION: Angela Foster The election of the BC NDP/ vitality. indirect jobs per year during Residential real estate, argu- NEWSSTANDS: Globe Distribution Services BC Green Party coalition has Within weeks of the provincial operations. It would provide ably the province’s most im- PRINTED: In Canada at Kodiak uprooted perceptions of what election, Malaysia-based Pe- $5.7 billion per year in provin- portant financial engine, is Western Investor is published monthly by it is to do business in what has tronas killed an $11 billion lique- cial tax revenue for more than 20 already reacting to the economic RE Weekly Limited Partnership VANCOUVER HEAD OFFICE: 303 West 5th Avenue, been the strongest economy in fied natural gas export facility years and deliver $23 billion in earthquake. Vancouver, B.C. V5Y 1J6 the country. planned for B.C.’s north coast. It federal tax revenues. But, if the B.C.’s residential dollar volume SUBSCRIPTIONS AND ADVERTISING SALES: Perceptions like a fair playing is naive to think the coalition’s provincial strategy is successful, has plunged nearly 20 per cent Tel: 604-669-8500 Fax: 604-669-2154 field for international invest- election did not play a role in the project will be dragged into from a year ago, housing sales Canada/U.S. toll-free: 1-800-661-6988 lengthy, costly delays that will are down 17 per cent and price Canadian publications mail product sales agreement ors, the rights of employers to that decision. If you think the #40069240, GST #105655567 match wages to performance, signal it sent around the world eventually kill it. reductions are becoming com- Copyright 2017. While every effort is made to British Columbia’s potential to has not been heard, you are not The new government is also mon across Metro Vancouver. ensure the accuracy of articles and advertising become a trusted partner in the listening. threatening to stop the Site C It is evidence of a loss of eco- that appear in each edition of Western Investor, global resource industry, and Now the provincial govern- dam, and the thousands of jobs nomic confidence that we be- the publisher may not be held responsible for any ■ errors or omissions that may from time to time the perception that real estate ment has pledged to “use every that depend on it. A large bridge lieve is well founded. occur. No part of this publication may be reprinted offers a secure route to financial tool available” to stop the $7.4 project in Metro Vancouver also in any medium without the express written security. billion Trans Mountain pipeline appears doomed. FRANK O’BRIEN | Editor permission of RE Weekly Limited Partnership. The new government wasted expansion, a project considered Victoria is also boosting [email protected] ADVERTISING DEADLINE October 2017 issue: NEXT MONTH: PROPERTY MANAGEMENT, FLIPPING REAL ESTATE, CLOSE-UP ON NEW WESTMINSTER September 11, 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 MIXED-USE NEW NEW UNDER CONTRACT

2215 E HASTINGS ST, VANCOUVER 2778 E HASTINGS ST, VANCOUVER 3591 OAK ST, VANCOUVER 275 EAST 13TH AVE, VANCOUVER 9010 SCHOOL ST, CHILLIWACK Newer 37-suite apartment building with Newer 34-suite apartment building with 26-suite co-op apartment building Well maintained 23-suite building 26-unit rental building with four ground ground level commercial** ground level commercial** 132’ x 120’ lot. Shaughnessy area 99’ x 122’ lot (12,078 SF) floor commercial units $21,800,000 $18,500,000 $18,500,000 $10,750,000 Call agent

David & Mark Goodman*, Cynthia Jagger* David & Mark Goodman*, Cynthia Jagger* David & Mark Goodman*, Cynthia Jagger* David & Mark Goodman*, Cynthia Jagger* Darryl McColl

**Can be purchased together (total 71 suites)

DEVELOPMENT DEVELOPMENT DEVELOPMENT DEVELOPMENT STR DEVELOPMENT EET NEW UNDER CONTRACT EDMONDS ST

HUMPHRIESHUMPHRIES AVENUE AVE 210A EVERGREEN DRIVE, PORT MOODY JOYCE-COLLINGWOOD, VANCOUVER 13265 104TH AVE, SURREY 5291 IMPERIAL ST, BURNABY 7444 EDMONDS ST, BURNABY Development Site with holding income Mixed-use redevelopment site 1.41 acres future development site Mixed-use development site High-density mixed-use site 7.17 acres 132’ x 105’ (13,860 SF) Currently 57-unit aparment building 9,288 SF site; 2.2 FSR Edmonds-Highgate area $32,500,000 $22,888,000 $14,000,000 $3,200,000 $3,800,000

Dean Thomas*, Ashley Osborn* David & Mark Goodman*, Cynthia Jagger* Dean Thomas* Sam Emam* Sam Emam*, Ashley Osborn*

INDUSTRIAL OFFICE OFFICE RETAIL RETAIL NEW NEW NEW SOLD

7-130 GLACIER ST, COQUITLAM 4126 NORLAND AVE, BURNABY 203-758 COPPING ST, NORTH VAN 3620-3622 MAIN ST, VANCOUVER 101-1401 WEST 8TH AVE, VANCOUVER Corner strata unit 3-storey office & 92 parking stall Harbourside’s newest development New building with excellent natural light Main floor retail space on the Westside 2,950 SF; M-1 zoning 35,565 SF site Second floor office space; 528 SF 1,213 SF prime corner location 6,536 SF on West 8th & Hemlock Street $750,000 $10,475,000 $24.00 PSF, per annum $55.00 PSF, per annum $18.00 PSF, per annum

Dean Thomas* Patricia Wong Chong Scott Smith Patricia Wong Chong Nhi Denis*

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 SEPTEMBER 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

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JODPNF Bal Atwal* Bal Atwal* FOR SALE: 422 Sixth Street, New Westminster, BC FOR SALE: 12181 Harris Road, Pitt Meadows, BC

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   Josh Sookero* Josh Sookero* / John Lecky FOR SALE: 582 Goldstream Avenue, Victoria, BC FOR SALE: 3207 & 3217 Main Street, Vancouver, BC

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Michael Buchan* / Robert Greer* / Amanda Payne Gord Robson / Michael Farrell FOR LEASE: Campbell Heights West Buisness Park, Surrey, BC FOR LEASE: 1301–1333 Lonsdale Avenue, North Vancouver, BC

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 Garth White* / Joe Lehman / Mat Sunderland Terry Thies* / Ian Whitchelo* FOR SALE: 5100 Silver Star Road, Vernon, BC FOR SALE: 1121 Harwood Street, Vancouver, BC

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VOJU Russ Bougie* / Steve Laursen* Rob Greer* / Carey Buntain / Chris Wieser FOR SALE: 1945 Woodway Place, BC FOR SALE: 2177 Wall Street, Vancouver, BC

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0$1 Mehdi Shokri / Nestor Fourik Rob Greer* / Carey Buntain / Chris Wieser FOR SALE: 1476 W 8th Avenue, Vancouver, BC FOR SALE OR LEASE: 12941 115th Avenue, Surrey, BC

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 Justin Omichinski* / Max Ripper / Nabila Lalani John Eakin / Gord Robson

*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 | SEPTEMBER 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, SIMONA TUDOR] •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) •8VHV7HFK&DPSXV2IûFH0HGLFDO5HWDLO0DQXIDFWXULQJ'LVWULEXWLRQ:DUHKRXVLQJ Cold Storage, Free Trade Zone [EUGEN KLEIN, RAMAN BAYANZADEH, DEAN THOMAS] •+LJK7UDIûF/RQVGDOH([SRVXUH [EUGEN KLEIN, CHRIS HAYNE, SIMONA TUDOR] •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

$3,750,000 •$550,000 [EUGEN KLEIN, CHRIS HAYNE] $3,850,000

Raman Sumir Kevin Chris Eugen Pouria Sally Dean Simona Eric David Bayanzadeh Chauhan Chiang Hayne Klein Nikravan So Thomas Tudor Wu Xin

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 SEPTEMBER 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 commercial agents! NAI Commercial is a full service commercial brokerage looking to expand our team! ‚ 4th most recognised commercial real estate Building & Land For Sale Industrial Land & Buildings firm in the world. 1774 East Hastings Street 2900 Pooley Avenue, Merritt, BC ‚ 5 offices in British Columbia, 400 offices and Vancouver, BC 7,000 local experts around the globe. ‚ 6.04± acres on the corner of Pooley Ave & Nielson St ‚ 5,280 sf (44’ x 120’) ‚ Potential to assemble ‚ Zoned M-1 (Light Industrial) Call or e-mail to find out more: ‚ Redevelopment potential ‚ OCP will allow up to ‚ 6,648-sf main building, including 3,920-sf maintenance 8 storeys shop with approximately 24 ft ceiling height Rob DesBrisay Asking: contact agent ‚ Reinforced poured concrete foundation, with overhead 3 604 691 6602 | [email protected] ton rail crane, large vehicle hoist, lunch room & bathroom ‚ Also 2,728 sf of office space (1,314 sf per floor) ‚ Other buildings include storage shed 16 x 24, wash shed of 131 sf and Quonset shed 30 x 39 without foundation ‚ Good possibilities for subdivision Asking: $1,550,000 Industrial Property Sold Nicola Lake Development Acreage Strata Retail For Sale 6851 Antrim Avenue Burnaby, BC ‚ 276 acres of Nicola Lake development land in 2 titles st 41 Avenue Strata Retail ‚ Site Size: 21,120 sf (100’ x 211’ approximately) ‚ Full community services available Vancouver, BC ‚ Gross Leasable Area: 13,899 sf ‚ RL-1 zoning allows for 62 multi-family residential units ‚ Stable tenant‚ 3% net return at ‚ Future residential redevelopment potential ‚ Incredible lake views with excellent lake access asking price Asking: $1,468,000 Sold for: $5,150,000 Asking: $2,100,000 Rick Lui* Conor Finucane* Chris Langhaug 604 644 6182 | [email protected] 604 691 6604 | [email protected] 604-240-6224 | [email protected]

For Sale Westside Development Site ‚ C-2 Commercial zoning‚ 30,440 sf buildable Anchor Strata Unit Asking: contact agent Unit 16, 228 Schoolhouse St. Kamloops Industrial Site Coquitlam, BC Kamloops, BC ‚ 35,198-sf anchor unit ‚ 5-year leaseback Mall, Industrial & Land ‚ The last large industrial ‚ All services nearby. Ready ‚ 5.95% cap rate ‚ Zoned CS-1 parcel in Kamloops. to go. Reduced Price: $7,690,000 9715 98A Avenue Three Suncor Sites ‚ Potential to subdivide into ‚ Seller may consider Fort St. John, BC Interior BC 4 x 5 acre parcels. trades. ‚ Yr old 12-unit strata rental ‚ Area: 18,500 sf, 28,000 sf Asking: $5,950,000 apartment building and 21,500 sf Asking: $2,100,000 Asking: contact agent Office Strata Sold Viking Way, Richmond Wal-Mart Excess Lands High-Rise Site ‚ Investment opportunity – ‚ I3 zoning Quesnel, BC Kamloops, BC long-term tenant ‚ 1,637 sf ‚ Five acres ‚ 13,500-sf site ‚ Good leaseholds in place Asking: $1,750,000 Sold Asking: $439,888 Sun Rivers Resort Community 2222 Balsam Avenue Chevron Site Office Space For Lease Kamloops, BC Quesnel, BC Quesnel, BC ‚ Over 1,000 units remaining ‚ Includes 5.59 acres of ‚ 4 acres, 14,000 sf ‚ 2-acre excess Baytree Centre, Langley City mixed-use development ‚ Drone video: ‚ Holding income development lands ‚ Spaces available from ‚ Ample parking youtu.be/j2hnRIaVkp4 land 520 sf up to 8,000 sf ‚ Move-in ready Asking: $900,000 Sold 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 Wholesale Distribution Business, National Under Contract

Laser Equipment Distributor, Relocatable $899,000

Supermarket & Outdoor Store - Includes real estate, Quesnel, BC $749,000 Will Your Business Be Ready Profitable Automotive To Sell When You Are? Repair Business Architectural Millwork & Cabinetry, Surrey, BC $299,000 Same Location for more than 25 years Irrigation Service & Maintenance, Lower Mainland, BC Under Contract For a Confidential South Surrey/White Rock, BC Pre-Hung Door Manufacturing & Installations, Tri-Cities, BC $299,000 Consultation, Call: ‚ Business: $325,000 ‚ 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 | SEPTEMBER 2017 Hotel performance mixed across Western Canada COVER | B.C. has eight hotels under construction and 22 more planned while Alberta faces a glut and Manitoba welcomes a “mini-boom”

director, consulting and valua- Both cities are expected to see By FRANK O’BRIEN tion, for industry consultant firm negative RevPAR growth this [email protected] HVS, noted the Civic is among year. more than 20 new hotels under- In Calgary, RevPAR in the first way in B.C. this year. quarter was $77.52 and occu- he 52-storey Civic Hotel in “There are eight hotels under pancy levels were in the 53 per Central Surrey is the tall- construction in B.C. with a total cent range, down from 70 per cent est but far from the only T of 1,254 rooms,” Russell said. in 2014 before oil prices crashed, hotel under construction across “There are another 12 or so in said HVS. Western Canada. the final planning stages, with Edmonton will see a 9 per cent The Civic Hotel, set on a plaza approximately 1,500 rooms, and increase in hotel rooms this year, flanked by Surrey City Hall and another 10 in the early planning far outstripping demand, accord- the Surrey public library and just stages with approximately 700 ing to CBRE. Edmonton RevPAR steps from the Surrey Central rooms.” this year is pegged at $72. SkyTrain station, is one of Mar- riott International Aside from the Civic, the 329- ’s Autograph room Marriott Parq hotel and the Collection of 50 luxury boutique 188-room Autograph Collection Winnipeg on a roll hotels worldwide and is only Douglas will anchor the Parq ca- A report from Stevenson Advisors its second Autograph hotel in sino development in downtown finds that there are at least five Canada. Vancouver, which will open this new hotel projects underway in Hotel and civic officials gath- fall. Manitoba, all in Winnipeg. ered in July as the diamond- Other new hotels include the The new builds are a 135-room shaped Civic Hotel sign was 12-storey luxury Opus Hotel Ver- Franklin Jackson, general manager of Surrey’s new Civic Hotel: third- Hyatt House luxury hotel planned readied to hoist into place atop sante in Richmond, Best Western highest building in the Lower Mainland. | CHUNG CHOW for 700 Sterling Lyon Parkway; the third-highest building in the properties in Merritt and Fort St. a new Best Western hotel on Re- Lower Mainland. John, a Marriott hotel in Prince starts have not been this high 299 rooms. gent Avenue West that will start “It is an historic occasion for the George, and the 85-room Ramada since just prior to Vancouver’s But don’t expect many new construction in 2018; the Sutton hotel, and the building and for hotel in Revelstoke. 2010 Winter Olympics. properties to be opened in either Place hotel, at 27 storeys, that is Surrey,” said Franklin Jackson, “We are getting a lot of calls According to HVS, Metro Van- Edmonton or Calgary, both of part of True North Square down- the hotel’s general manager. about potential new develop- couver posted Canada’s high- which are suffering low occupan- town; and a $45 million Canad The hotel tower complex has ments, and with major trades like est hotel occupancy rate, at 67 cies and a glut of hotel space. Inns property built adjacent to 144 guest rooms and suites, a the [Rosewood] Hotel Georgia per cent, and the third-highest cafe, restaurant, a conference setting record prices in Canada revenue per available room floor with two ballrooms, more per room, I think we will see more (RevPAR), at $100.49, among HOTEL MARKET PERFORMANCE: 2017 PROJECTION than 8,000 square feet of meet- new development; although it major Canadian cities in the first ing space and a rooftop deck for is still challenging for hotel de- REVPAR* OCCUPANCY quarter of this year. private events. velopers to compete for sites with Vancouver $149 67% The tower also includes 50,000 the residential condo players,” Calgary $69 57% square feet of office space that Russell said. APA bucks Aberta trend was sold to Kwantlen Polytechnic According to reports, the Rose- Edmonton $72 59% University for a five-storey cam- wood Hotel Georgia sold in June Despite headwinds for the hotel Winnipeg $84 67.3% pus, and 349 condominiums, all for $145 million, or a stunning industry, Japan-based APA has Toronto $126 66.4% of which sold before completion. $935,483 for each of its 155 rooms. refurbished the Coast Edmonton *REVENUE PER AVAILABLE ROOM Carrie Russell, managing Russell added that B.C. hotel Plaza, including renovations to all SOURCES: CBRE, HVS INTERNATIONAL SEPTEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A11

INFINITE WANTED EXPANSION CORP. LOWER MAINLAND - Multi-family apartment buildings and Townhouse development sites. - To buy existing rental apartment SEEKING JOINT VENTURE buildings, minimum 30 units. OPPORTUNITIES - Multi-unit industrial buildings or land to build same. On Commercial, Industrial, Multi-family Residential, & High Rise A new Hyatt House among five hotels underway in Winnipeg. | HYATT INTERNATIONAL JOHN 604-618-5522 Email: [email protected] the McPhillips Station Casino, to complete 2016 – a Super 8 and a Hilton Garden Inn – 604-889-8594 in 2019. Stevenson noted. A hotel expansion project will see a new “Investors are looking to Winnipeg again. Marriott Residence Inn extended-stay We’ve got another kind of mini-boom of ho- hotel added onto the existing Fairfield Inn tel development happening,” DeGroot said. & Suites by Marriott Winnipeg. Winnipeg overnight visitors are forecast Stevenson Advisors vice-president Aaron to increase by 3.3 per cent this year, ac- DeGroot admitted surprise that so many cording to the Conference Board of Canada. hotel projects are underway. With the expected increased demand He noted there was a slowdown in hotel for hotel rooms, Winnipeg’s RevPAR is development in 2015 and 2016, as investors projected to reach $84 in 2017, compared ,VAN WN CO O T U S V A E R and developers waited to see how well the to $79 two years ago and $82 in 2016, ac- FOR SALE G

C gt market absorbed the new rooms. cording to Stevenson Advisors. O E T R A B T E S L E C L O EA That earlier cycle saw eight hotels built or Hotelier Magazine, in a recent survey, 210 CARRALL STREET MMERCIAL R redeveloped, including two new boutique noted that Manitoba saw the largest lift in Award-Winning Gastown Heritage Building hotels built downtown between 2011 and hotel occupancy of any province this year, • ™‘ ‘‡” ‹ƒŽ—‹–•ƒ†Ƥ˜‡Ž‹˜‡Ȁ™‘”Ž‘ˆ–• early 2015. with a 5.2 per cent increase from 2016 to • Building size: 11,618 sf (gross) | 10,033 sf (rentable)* By comparison, there were only two new 67.3 per cent, which would challenge even • Lot Size: 5,307 sf (Approx.) hotels under construction in the city in Vancouver’s occupancy. ■ • •‹‰”‹ ‡ǣŽ‡ƒ•‡ ‘–ƒ –—•

Rare Opportunity in North Richmond Industrial New Asking Price FOR SALE - Central location, North Richmond SSALEALE EXCLUSIVELYEXCLUSIVELY - Zoned General/heavy Industrial; Outside storage allowed 395 RAILWAY STREET Railtown Investment Opportunity - +/-2.05 acres Waterfront Property - annual bonus income from the log industries • ͛Ǧ•–‘”‡›’Ž—•—†‡”‰”‘—†’ƒ”‹‰ • Building size: 24,107 sf (gross) | 16,950 (rentable)* - +/- 37,000 Sf freestanding manufacturing or distribution • Lot Size: 6,056 sf (Approx.) warehouse • ‡™•‹‰”‹ ‡ǣ Please contact us - 10-year new very well maintained tilt up concrete building - High ceiling with dock & grade loading bays - Over 20 parking stalls on site FOR SALE - Option sales and lease back STRATHCONA - More information available upon signing NDNC agreement 209 HEATLEY AVENUE Boya Zhang 778-919-6979 Investment / Development Opportunity Re-Development • Fully renovated mixed use asset [email protected] Westcoast Realty $12,500,000 Potential • Net Income: Please contact us • Lot Size: 6,100 sf (Approx.) Network Group www.TheBestDealsinBC.com • •‹‰”‹ ‡ǣ͆͜ǡ͘͘͝ǡ͘͘͘Ǥ͘͘

FOR SALE STRATHCONA 1172 & 1180 E HASTINGS STREET Exceptional Development Opportunity • Prime development site with holding income • Zoning : M-1 Industrial • Lot size: 6,100 sf (Approx.) Horsefl y - 11 Acres Harrison Hot Springs Hope • •‹‰”‹ ‡ǣ ͆͜ǡ͘͡͠ǡ͘͘͘Ǥ͘͘ + 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 New Asking Price FOR SALE • 16,000 sqft Main Building • River frontage/ 28 yrs in business Residence East Van

c o l a rb ci $398,000 $1,988,000 $1,750,000 103 E HASTINGS STREET el commer East Vancouver Investment Opportunity D BY • 3-storey plus lower level mixed-use building DUCE RREDUCEDE 0BY0 • Character retail unit with residential units (SRO) above ,000,0 $$1,000,0001 • Lot size: 3,071.96 sf (Approx.) • ‡™•‹‰”‹ ‡ǣ ͚͆ǡ͘͠͡ǡ͘͘͘Ǥ͘͘

E. & O. E. | All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors Harrison Hot Springs Harrison Hot Springs 150 Mile House ƒ†‘‹••‹‘•ƒ†ƒŽŽ‹ˆ‘”ƒ–‹‘•Š‘—Ž†„‡ ƒ”‡ˆ—ŽŽ›˜‡”‹Ƥ‡†Ǥ *All measurements are approximate. 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 ROBERT THAM MARC SAUL • Zoning allows-fl oating units, concrete Deck • 7000 sq.ft. Log Home/Caretaker Home 8 Storey multifamily building • Italian Tile, High Ceilings, Wine Cellar • Log guest house, Dressage Arena/ 632 Citadel Parade, Vancouver, BC, V6B 1X3 • Parking, 225 Marina slip facility • Right at the water, breathtaking views Danish Style Horse Barn T 604.609.0882 F 604.609.0886 REDUCED $5,500,000 $1,749,000 $2,375,000 www.corbelcommercial.com Sutton West Coast Realty *Personal Real Estate Corporation FREDDY & LINDA MARKS 604-491-1060 [email protected] Harrison Hot Springs A12 | LOWER MAINLAND WESTERNINVESTOR.COM | SEPTEMBER 2017 B.C.’s biggest industrial play is “not on speculation” FEATURE | Largest industrial build in Metro Vancouver history will not start raising walls until the first tenants sign on – but that likely won’t be long

Q2 2017. This is an increase in By FRANK O’BRIEN absorption from last quarter’s [email protected] 355,285 square feet, as well as an increase year-over-year. $350 million, 170-acre in- Richmond Industrial Centre’s dustrial development in proximity to major road networks ARichmond – said to be the – and the Vancouver Internation- largest industrial park to be built al Airport – could be a defining in Metro Vancouver – has begun feature of its take-up, because site preparation but won’t start retailers today focus much more construction on its one-million- on the logistics of distribution. square-foot Phase 1 until the first “Competition for the right tenants have signed on. location is increasing,” Col- “We aren’t building on specu- liers reported in a recent study Tom Land lation,” confirmed , of Metro Vancouver industrial Montrose CEO and president of properties and their proximity Properties Ltd., of its Richmond to road networks. “Distributors Industrial Centre, though he are willing to pay higher rents concedes it would not be much Richmond Industrial Centre on Blundell Road will have three million square feet of industrial space spread over a in strategic locations to reduce of a gamble in one of the biggest 170-acre site. | ROB KRUYT and tightest industrial zones in transportation costs and improve Canada. “It is certainly ambitious,” of 500,000 square feet each, and bog with river sand to a depth of responsiveness.” Richmond has 37.3 million Land said, but he noted there are Land expects them to be claimed nine metres. Once complete, the The report noted that just 31 per square feet of industrial real es- a number of factors in its favour. as logistics warehouses, likely for centre will also include a network cent of Metro Vancouver indus- tate, the most of any municipality First, Montrose has owned the the retail sector, and probably by of pedestrian and bike paths for trial space is within a kilometre in Metro Vancouver, but only 2.1 site for 35 years through its sub- single tenants. employees and the community. of a highway. per cent of it is vacant, according sidiary, Ecowaste Industries Ltd., The design is for 32-foot-high The first building of Richmond Within these properties, space to Colliers International. in an area where raw industrial ceilings but they can be raised to Industrial Centre could be avail- located within 800 metres of a Aside from the Richmond In- land can cost $1 million an acre. 36-foot clear heights, Land said. able as early as fall 2018, if Col- highway has a vacancy rate of just dustrial Centre, more than three Second, it has partnered with “Richmond Industrial Centre is liers finds the tenants. 1.1 per cent. Within Vancouver Omicron million square feet of competing , one of the largest and zoned for a broad range of indus- the rate is a minuscule 0.03 per space is either proposed or under most respected industrial de- trial uses and we certainly expect cent, despite efforts to retain and construction in Richmond, much velopers in Western Canada. to accommodate manufacturing, Metro market tightens renew industrial space in Rail- of it speculative, but none of the “Our partners share our vision processing, fabrication, and local town, Mount Pleasant and on the 20 other projects are to the scale of a long-horizon investment,” distribution businesses,” said As of Q2 2017, the industrial va- False Creek Flats. of Montrose’s first industrial play. Land said. “We are in a very com- Stuart Morrison, Colliers execu- cancy rate for Metro Vancouver With the 330,000-square foot fortable space.” tive vice-president and lead leas- was 1.9 per cent, down from the “The growth of e-commerce is Hopewell Distribution Centre Richmond Industrial Centre ing agent for the project. previous quarter’s 2.2 per cent. further creating shifts in demand Phase 4 in Richmond fully leased will be a build-to-suit, three- Just preparing the Phase 1 site For context, over the past five for industrial real estate and the by Ikea in the second quarter, the million-square-foot develop- will cost about $80 million, Land years the average vacancy rate necessity of efficient transpor- Richmond Industrial Centre is ment, where each of 12 buildings said. This includes site servicing, was 3.9 per cent. tation networks to support end- the next major option for “tier will be custom-finished for building a two-lane bridge to link Across the metro region, users,” Colliers said.■ 1” space in the municipality, ac- tenants. the project with Blundell Road 721,942 square feet of indus- With files from Peter Mitham, Busi- cording to Colliers. Phase 1 will have two buildings and preloading the former peat trial space was taken up during ness in Vancouver

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 5388 Blackburn Road, Chilliwack $2,350,000 •77 Acres with 2 Homes in North Langley •Large Scale Turn-Key Commercial Greenhouse Operation •5 acre Broiler Breeder farm in scenic Greendale •Fully automated 2 storey 42’ x 210’ poultry barn •Nearly 40 Acres on 2 Titles with 3 homes & mobile •Solid 4 bdrm home with renovated kitchen •Approx 25 cleared acres, remainder is treed forest with ravine •6 acres of greenhouse, full line of equipment including trucks •2 Lay barns, 3 Pullet barns •Excellent for multiple families and agri-business •Owner currently utilizes facility to grow cucumbers •A full line of machinery, Inventory, and Quota at market price View our extensive inventory online at www.bcfarmandranch.com! SEPTEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A13

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LAKEFRONT ACREAGES - MAIN LAKE PARK GOBLE POINT - PORCHER ISLAND TROPHY ESTATE OR INVESTMENT BEAUTIFUL LITTLE HAY RANCH QUADRA ISLAND, BC NORTH COAST, BC PROPERTY - KAMLOOPS, BC FALKLAND, BC

• /DNHIURQW(VWDWH6DOH • 265 acres, 2 titles • Great investment property - one of the • 74 acres: 45 acres in irrigated hay land • 85 acres - 2 connected titles on 2 lakes • 5,400 ft oceanfront on Porcher Island last large acreages within the city limits • Pockets of timber, excellent pasture areas • DFUHVIWODNHIURQW0DLQ/DNH • 24 km south of Prince Rupert • 2 titles totaling 405 acres • Water licence on the Salmon River • *UHDWEXLOGLQJVLWHZLWKGHHSZDWHUSHUIHFWIRUVZLPPLQJDQG¿VKLQJ • Protected moorage, sandy beaches • 10 mins to downtown Kamloops • Well-maintained 2,472 ft² main residence • DFUHVIWODNHIURQW&OHDU/DNHKDVEULJKWVXQQ\EXLOGLQJVLWH • 3ULPHVDOPRQ¿VKLQJLQ(G\H3DVV • 100 acres treed, dozens of building sites • 2 hay sheds & 30 x 40 ft Quonset • &OHDU&UHHNÀRZVRXWRI&OHDU/DNHDQGPHDQGHUVWKURXJK0DLQ/DNHSURSHUW\ • /2'*(48$/,7</2&$7,21 • Panoramic views of the South • 24 fruit trees, gardens & well-manicured • Act now and get both lakefront retreats for $720,000 • $544,000 7KRPSVRQ9DOOH\ $1,699,000 • $989,000 RICH OSBORNE 604-664-7633 DAVE COCHLAN 604-319-1500 RICH OSBORNE 604-664-7633 SAM HODSON 604-694-7623 SAM HODSON 604-694-7623 Personal Real Estate Corporation [email protected] Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation COMMERCIAL INVESTMENT PROPERTY HOBBY FARM / BUSINESS POTENTIAL PERFECT STARTER HOME IN PRIME 2 ACREAGES WITH SUBDIVISION ONE OF A KIND RIVERFRONT DOWNTOWN 100 MILE HOUSE BRIDGE LAKE - SOUTH CARIBOO LOCATION - BELLA COOLA, BC POTENTIAL AND LAKE VIEWS TOURISM OPPORTUNITY

• 26,208 ft2RI¿FHEOGJLQFHQWUDOORFDWLRQ • /HYHODFUHVRQ)LVKLQJ+:< • Affordable, well-kept 14 x 70 ft 1993 • 33.23 acre and 6.19 acre lots (2 titles) • 2 unique homes in an amazing riverfront • Turnkey generating $160,000+ net • All services in plus partial fencing mobile home on a 1.25 acre lot • /DUJHDFUHDJHSHUIHFWO\DSSRLQWHG eco-tourism / outdoor enthusiast location income with 8% cap rate • 43 x 20 ft metal mobile cover • Fenced home with sundeck DERYH5XVVHW%OXII(VWDWHV • Stunning 51 acre property • 1HZURRIOLJKWLQJ+9$&DQGERLOHU • 2 bay garage / workshop plus sheds • ([FHOOHQWORFDWLRQFORVHWRDOODPHQLWLHV • Residential subdivision potential with • Straddles the Bella Coola River • Online video surveillance system • RR3 zoning with great sign exposure • 2QO\PLQIURPH[FHOOHQWULYHU¿VKLQJ conceptual plans in place • Surrounded by freshwater, excellent • $500,000± in capital improvements • PLQVWR%ULGJH/DNH¿VKLQJ • Room to park a travel trailer or boat • Services at lot line, 10 mins from ULYHU¿VKLQJKXQWLQJDQGEUHDWKWDNLQJ over 7 years. $1,990,000 • Affordable country living for $159,000 • Walking distance to the park. $153,000 :LOOLDPV/DNH $295,000 and $210,000 mountain views. $549,000 ROB GREENE 604-830-2020 WENDY PATTEN 250-706-9776 FAWN GUNDERSON 250-982-2314 FAWN GUNDERSON 250-982-2314 FAWN GUNDERSON 250-982-2314 [email protected] [email protected] [email protected] [email protected] [email protected] 22 ACRE KALUM LAKEFRONT PINEY POINT RESORT - SHERIDAN LAKE PONDEROSA RESORT - DESIRABLE HORNBY ISLAND CARIBOO WOOD AND GIFT SHOP WITH PROPERTY - TERRACE, BC SOUTH CARIBOO, BC LIFESTYLE - CANIM LAKE, BC INTERIOR TROPHY WATERFRONT GOOD INCOME - MCLEESE LAKE

• 4XDLQWFR]\KRPHRI¿FHJXHVWFDELQ • 7.4 acre prime west facing waterfront • %HDXWLIXOORJKRPHUHVLGHQFHRI¿FH • 15.66 beachfront acres • ([FHOOHQWLQYHVWPHQWIRUDKRPHEDVHG • Investment campground property • Approx. 700 ft gravely shoreline • 59VLWHVFDELQVSOH[FRQGR • Tribune Bay Park as neighbour • business - 2 ½ acre property • FDPSVLWHVDQG%D\59VWRUDJH • 3 luxurious 2 bdrm / 1.5 bath cottages • 7.4 acres with 650 ft of prime sandy • 430 ft along the water • 2,200 ft2 four bedroom home units, that are all booked annually • 2 rustic log cabins, 1,050 ft2 managers gravely beach and crystal clear water • Warmest water in BC • Stable income with repeat business, • ([FHOOHQW¿VKLQJVDOPRQWURXWVWHHOKHDG UHVLGHQFHVHUYLFHG59VLWHV DPS • Parklike treed property, sweeping views • /HYHOWUHHGSURSHUW\ contracts and highway exposure • Picturesque views all around • ZDWHUSRZHURQO\59VLWHVWHQWVLWHV • *UHDWERDWLQJ¿VKLQJRQPDMHVWLFODNH • Shopping nearby • 1,350 ft2 gift shop and 4,000 ft2 wood • ¼ mile lake frontage, $899,000 • NEW PRICE $1,690,000 • $1,399,000 • NEW PRICE $1,486,000 working shop. $395,000 MARK TURNER 604-768-9899 MARTIN SCHERRER 250-706-9462 MARTIN SCHERRER 250-706-9462 KURT NIELSEN 250-898-7200 JOHN ARMSTRONG 250-307-2100 [email protected] [email protected] [email protected] [email protected] [email protected] DEVELOPMENT INVESTMENT ON DUTCH BENEDICT RANCH SOUTH SECRETARY ISLAND VINEYARD ACREAGE OPPORTUNITY PUB AND RESTAURANT LAKE - CLEARWATER, BC LUMBY, BC SOUTHERN GULF ISLANDS, BC LILLOOET, BC BRALORNE, BC

• WOW! 1,600 ft of lakefront • Beautiful Okanagan ranch land • 66 acre private island - hiking trails, sandy • 15.16 acre prime vineyard property • Sally’s Pub & Grill - completely • 57 acres with land use contract for 43 • 2,106 acres in 10 titles with HWY access beach, grassy points, sheltered coves • Across the road from the thriving Fort equipped, licenced pub and restaurant 584 acres in 9 titles single family bare land strata lots, or • Good grazing land - 530 acres treed • 1,500 ft2 architect-designed cedar lodge %HUHQV(VWDWH:LQHU\ • The only place to eat and drink in town 18 hole CPGA golf course proposal subject to council approval • South facing benchlands with views over • Water from dug wells, good dock locations • See 5 year climate & feasibility study • Bralorne is reknown for big mountain 42 modernized bedrooms • 0DJQL¿FHQWYLHZVRI'XWFK/DNH /XPE\9DOOH\=RQHG/+ • Zoning allows 3 single family dwellings prepared by BC Grape Growers’ adventure and outdoor activities Licensed restaurant 80 + 80 seats Clearwater River and Mountains • Old homestead with 2 water licences • Superb island paradise for luxury estate Association • Turnkey business ready for someone to Development opportunities • $600,000 • 6PDOOSRUWLRQLQWKH$/5 $4,195,000 or private family compound. $4,450,000 • $699,000 start making revenue from. $249,000 $3,490,000 JOHN ARMSTRONG 250-307-2100 DAVE COCHLAN 604-319-1500 DAVE COCHLAN 604-319-1500 ROBBI-LAYNE ROBERTSON ROBBI-LAYNE ROBERTSON [email protected] [email protected] [email protected] 604-351-9417 [email protected] 604-351-9417 [email protected] SERVICED LOT STEPS TO LAKE RESIDENTIAL / RETAIL MIXED USE CHERRY POINT ESTATE WINES 10,987 ACRE BC REAL ESTATE BEARCAT RANCH GORGEOUS MOUNTAIN VISTAS BUILDING - NEW DENVER, BC COBBLE HILL, BC PORTFOLIO KAMLOOPS, BC

• Corner lot in the Kootenays - 144 x 215 ft • Restored heritage building in quaint village • Well-established, award winning 34 acre • 108 separate titles • 320 acres + 1,386 acre Crown lease • Power, water, sewer, phone in place • Upper level 2 bdrm suite (900 ft2) vineyard • 3.4% ROI allows for 110 cow / calf pairs • Common boat launch • /DUJHIHQFHG\DUG • 3,927 ft2 home, commercial kitchen, 90 • Commercial lease space • Irrigation licences for 80+ acres • /DNHDFFHVVVWHSVDZD\ • Ideal mortgage helper / lock & go seat bistro with liquor licence, wine shop • 5HVLGHQWLDO'HYHORSPHQW/DQG • (QGRIURDGVHWWLQJ&URZQODQGRQVLGHV • Ideal lot for cabin 1,000 ft2 min. recreational property • (YHQWSDYLOLRQZDUHKRXVHSURFHVVLQJ • 5HVRXUFHDQG$JULFXOWXUDO/DQG • Shop, barn, hay shed, corrals & fencing • Quiet & off the beaten track recreational • *URXQGÀRRUUHWDLOVSDFHOHDVHGDV facility and equipment • 2,060 acre mature cranberry farm • Main house with pool & revenue community. $65,000 pharmacy. NEW PRICE $249,900 • NEW PRICE $5,500,000 • For price call Jason or Jamie producing mobile home. $2,185,000 MATT CAMERON 250-200-1199 MATT CAMERON 250-200-1199 JASON ZROBACK 1-604-414-5577 JASON ZROBACK 1-604-414-5577 LIAM REIFEL 604-655-9370 [email protected] [email protected] JAMIE ZROBACK 1-604-483-1605 JAMIE ZROBACK 1-604-483-1605 [email protected] A14 | LOWER MAINLAND WESTERNINVESTOR.COM | SEPTEMBER 2017 Feds take court action to probe Vancouver condo flipping FEATURE | Canada Revenue Agency seeks to ensure that Vancouver assignment resellers were compliant with Income Tax Act

publicly available source.” of where people were coming By DARRYL GREER In an emailed statement, from and the funds being used Business In Vancouver Canada Revenue Agency (CRA) to buy, so it was relevant to us [email protected] spokesman David Morgan ex- and we did a good, thorough job.” plained the rationale behind the He said they had “nothing to applications. hide,” but the company would he federal government is “In general, people who buy and disclose information only if or- taking the property de- resell homes in a short period for a dered to do so by the court under Tvelopers behind the Mar- profit may be engaged in property the proper authority out of re- ine Gateway project on Marine flipping. The CRA acquires and spect for buyers’ privacy. Drive in Vancouver and the Resi- analyzes third-party data and “They’ve requested some in- dences at West on southeast False uses this information to identify formation and we are not going Creek to court, probing for in- whether all income from prop- to provide or disclose any infor- formation on buyers who flipped erty flipping is being reported mation on our purchasers or the their pre-sale contracts before correctly. The profits from flip- purchase contracts without being construction was completed to ping real estate are generally assured that they have proper verify compliance with the In- considered to be fully taxable authority to get that informa- come Tax Act. as business income. The facts tion. If they have to go to court In two applications filed in the of each case determine whether to get that, then so be it, and if Federal Court of Canada in June, such profits should be reported they get that authority, we will the minister of national revenue as business income or as a capital co-operate, but only to the extent wants to compel PCI Gateway gain,” Morgan wrote. we’re required to,” he said. Residential LP, PCI Gateway Resi- Executive Group president “We’ll see what information dential GP Ltd., Executive-Argo Salim Sayani and Argo Ventures Marine Gateway development in Vancouver is the focus of Canada that they request from the courts, False Creek (No. 1) LP, Executive- CEO Jason Hyunwoo Hong, Revenue Agency investigation of condo flipping. | CHUNG CHOW and we have retained lawyers on Argo False Creek (GP No. 1) Ltd. owners of the numbered com- this to make sure, because, as you and 0742012 B.C. Ltd. to hand pany, did not respond to Business up from $620,000 a year prior. that it would be more efficient to can appreciate, there’s confiden- over information or documents in Vancouver’s requests for com- (The BC Assessment Authority look at a project like that.” tiality involved. There’s all sorts on buyers who assigned their ment about the case. has assessments for 187 units and Grant said pre-sales at Marine of privacy rights that our buyers contracts prior to completion. The firms behind the Resi- states that the building was com- Gateway began in March 2012 and have and we want to make sure “Some persons who entered into dences at West project at 1783 pleted in 2015.) closed about four years later. He that we don’t breach anybody’s agreements with the respondents Manitoba Street began pre-sales In a phone interview with said the company took steps to rights. And that anything we do, for the purchase of condomin- for the first phase of the develop- BIV, PCI Developments Corp. verify buyers’ information and we have been properly requested ium units ... before or while the ment in June 2012, featuring units president Andrew Grant said he restricted purchases to one unit and we’ll conform to that, to the units were still being constructed starting at $294,900 for a one- didn’t know why the govern- per buyer, eschewing bulk sales extent that our lawyers agree to (the ‘Assignor’), assigned that bedroom, and up to $499,900 for ment was targeting the Marine and sales to corporate entities. release that information.” purchase agreement to another a two-bedroom, with completion Gateway. “We had criteria in 2012, which Grant added that while he person,” the applications state. slated for 2014. “It is a high-profile project,” was probably several years before couldn’t provide exact numbers “The Minister seeks to verify Units in the building are now Grant said. “If they were trying some of this controversy and pro- on how many assignments oc- compliance by those Assignor(s) worth considerably more. to get some data or track some as- file around foreign buyers came curred before construction of with any duty or obligation For example, according to the signments of contracts between about, but we had a process,” he Marine Gateway was finished, under the [Income Tax Act] and BC Assessment Authority, as of our purchasers and subsequent said. anecdotally he didn’t think there the [Excise Tax Act] but is un- July 2016, a one-bedroom unit on people that closed on the units, “Our bank and our lenders, at were that many to raise eyebrows able to obtain the identities of the top floor (1705-1783 Manitoba then maybe they feel that because that time [in] 2012, were con- or attract scrutiny from federal the unnamed Assignor(s) from [a] Street) was assessed at $816,000, it’s high-profile and it’s large, cerned about knowing the origins tax authorities.■

Breathtaking Views LEGACY CORE Strategic Location DEVELOPMENT PROPERTY Remarkable Ambiance Incredible Development Opportunity AVAILABLE FOR THE FIRST TIME IN 70 YEARS!

Located in Mission, BC Unprecedented views of the Valley, Fraser River and Mount Baker

AN ICONIC 12.30 ACRE ESTATE • Comprised of two (2) separate legal parcels of 6.15 acres each • Designated Attached Multi-Unit Residential under the OCP • Potential Density 0.5 - 1 FSR

86.72 ACRES OF WATERFRONT LAND • Comprised of eight (8) separate legal parcels • Currently zoned industrial, designated Mixed-Use Commercial/Residential under the OCP • Potential Density 1.0 - 2.0 FSR

Lee Blanchard Hudge Parmar Senior Vice President Personal Real Estate Corporation Senior Vice President 604 683 3111

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. SEPTEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A15

Commercial 604.728.2845 Division www.fraserelliottgroup.com

0,;('86(%8,/',1*:,7+81,76 CRANBERRY FARM 7+$9(262<26 0$<652$''81&$1 $750,000 $1,998,800 Fantastic investment opportunity in prime Osoyoos 7XUQ NH\  DFUH &UDQEHUU\ RSHUDWLRQ ZLWK ORFDWLRQ )UHHVWDQGLQJ EXLOW QRQVWUDWD PL[HG DSSUR[LPDWHO\DFUHVRISODQWHGEHUU\SURGXFLQJ XVHEXLOGLQJZLWKVHSDUDWHXQLWVVLWWLQJRQDVTIW FURSV)XOODFUHVLQ2FHDQVSUD\ψ$ωSRRO1HDUO\ lot just steps to Gyro Beach! Two rented commercial 500,000 lbs delivered in 2015. Potential growth XQLWVRIDSSUR[VTIWHDFKSOXVDVPDOOXQUHQWHG SURMHFWLRQV WR H[FHHG P ,EV ZLWKLQ зYH \HDUV bachelor/studio suite, utility room & bathroom. Upper This is a low maintenance investment with limited иRRUFRQVLVWVRIVTIWUHVLGHQWLDO RZQHULQYHVWRULQYROYHPHQWUHTXLUHG

HIGH DENSITY POTENTIAL PRIME LAND ASSEMBLY 7+$9(/$1*/(< 675((7'(/7$   VTIWORWIHHWRIIURQWDJHDQGIHHW Prime land assembly opportunity in stunning of depth, this Multi-Family Zoned property is ORFDWLRQMXVWVWHSVWR/DGQHU9LOODJH,QTXLUHDWFLW\ slated for High-Density Multi-Family Residential hall for zoning details. OCP designated ground- DFFRUGLQJ WR WKH 2IзFLDO &RPPXQLW\ 3ODQ oriented residential. Possibility for townhomes Excellent rental income opportunity and and maybe condos. Total combined site exceeds re-development potential! VTIW

RICHMOND LAND FOR SALE PRIME FARM LAND %8552:652$'5,&+021' 67675((7'(/7$  $5,988,800 2XWVWDQGLQJ LQYHVWPHQW RSSRUWXQLW\ KHUH  Stunning acreage opportunity in a prime South Delta Acre rectangular parcel in prime location across location perfectly positioned near new Tsawwassen from industrial zoned properties. Easy access to 6KRSSLQJ &HQWUHV 7KLV  DFUH SDUFHO IHDWXUHV highways and bridges into Vancouver. an 8 year old established blueberry crop yielding DSSUR[OEVRI/H[L'XNHDQG%OXHSHUDQQXP LQDGGLWLRQWRDFXVWRPEXLOW\HDUROGVTIW luxury residence w detached shop/barn.

PRIME TSAWWASSEN LAND PARCEL HIGH EXPOSURE LOCATION &236(),(/''5,9('(/7$ HIGHWAY 99 LOT 1, DELTA    DFUH SURSHUW\ SUHYLRXVO\ PDVWHU SODQQHG DV D 3ULPHIDUPODQGLQKLJKSURзOHORFDWLRQDFUH  KRPH GHYHORSPHQW VLWH WKLV XQLTXH RIIHULQJ LV parcel near George Massey Tunnel. ALR designat- waiting for the right buyer to see the vision through. ed A1 zoning. Excellent holding property that is adjacent to the future Southlands site. You will be hard pressed to зQGDQRWKHU121$/5SLHFHRISRWHQWLDOGHYHORSPHQW land of this size in such a stunning location.

RARE INDUSTRIAL INVESTMENT RICHMOND BLUEBERRY FARM PARCEL 1252$'5,&+021' 7+$9('(/7$ $7,998,800 $7,998,800 ([FHOOHQWRSSRUWXQLW\KHUHDFUHSDUFHOZLWKPDWXUH blueberry farm in highly sought after Richmond location. Invest in Delta! Extremely rare opportunity in Delta! Build your dream mansion on this palatial estate prop- DFUH,,1'8675,$/]RQHGSDUFHOLQKLJKO\ HUW\3ODQVIRUFXVWRPUHVLGHQFHDYDLODEOHXSRQ strategic location! Close to George Massey Tunnel, UHTXHVW([FHSWLRQDOORFDWLRQMXVWPLQXWHVIURP9DQFRXYHU Hwy 17 and 17a and Hwy 99. and countless amenities.

HIGH PROFILE TILBURY LOCATION $&5(3$5&(/1($5,1'8675,$/ 8128 RIVER WAY, DELTA $8,888,800 CORRIDOR River Way Business Park - 2 storey tilt-up build- 2990 57B STREET, DELTA ing with established manufacturing business. Sub- $11,500,000 stantially improved to suit existing manufacturing Strategically located adjacent to BC railway and needs, this building consists of multiple production Delta Port Highway, and near new industrial park DUHDV RIзFHV DQG ERDUGURRP VSDFHV    VTIW developments at TFN. Property currently used RIWRWDOиRRUVSDFHRQDFUHRIODQG)URQWDQG5HDU DV DQ HTXHVWULDQ FHQWUH ZLWK LQGRRU ULGLQJ ULQJ SDUNLQJORWV PDUNHGVSDFHV DQGUROOXSORDGLQJ RXWGRRUDUHQDURXQGSHQDQGOLYHDEOHKRPHV doors. Long term tenant wishes to remain on lease.

DEVELOPMENT PROPERTY SOUTH SURREY LAND PARCEL $9(18(6855(< .,1**(25*(%/9'6855(<  $19,888,800

DFUHSDUFHOZLWKUH]RQLQJDQGUHGHYHORSPHQW DFUHSDUFHOLQ$/5LQH[FHOOHQWORFDWLRQRQ.LQJ potential close to other master-planned residential George Blvd at Highway 99 intersection. developments. Excellent proximity to Hwy 1 and +Z\ 6WUHHW DQGFRXQWOHVVDPHQLWLHV

604.728.2845 www.fraserelliottgroup.com 5(0$;q3URJURXS5HDOW\WK$YH'HOWD%&90% *Based on Greater Vancouver Real Estate Board Statistics total MLS sales. **For total residential and commercial commissions combined of all RE/MAX sales associates in Canada to date - Jan 1 to Sept 19 2016. A16 | LOWER MAINLAND WESTERNINVESTOR.COM | SEPTEMBER 2017 Real estate investors ignore property taxes at their peril FEATURE | Commercial real estate owners often fail to properly factor property assessments and taxation as part of the pro forma

company saved clients more than By FRANK O’BRIEN $2 million in property taxes in [email protected] 2015, either through assessment reduction or by having property reclassified. any commercial real es- “Not managing your property tate owners are “leaving tax expenses leads to downward money on the table” by M pressure on net rents and results not applying the same scrutiny to in reduced valuation,” Bishop property taxes as they do to other cautioned. expenses, according to Terry Bishop, Altus Group’s president of property tax for Canada. Three steps A new Altus Group survey, Tax as the New Strategic Driver, re- Forty-one per cent of Altus sur- vealed that only 25 per cent of vey respondents said they only senior industry executives in both Randy Ferguson, COO of Strategic Group: keep on top of Terry Bishop, Altus Group: real estate taxes are the periodically review property tax Canada and the U.S. incorporate property taxes like any other expense. | STRATEGIC GROUP single largest operating expense. | ALTUS GROUP assessments to identify appeal property tax management into opportunities. But firms may not their investment strategy and property taxes can be costly in both sectors that have faced leas- The return on be aware how potentially lucra- decision-making. tive successful appeals can be. Canada, Bishop noted, because ing challenges recently. investment through “With real estate taxes being property assessments – on which Ferguson said Strategic Group’s “Our experience is that the reviews of commercial the single largest operating ex- property taxes are based – can annual Calgary property tax bill return on investment through pense, the result is an increased change quickly. In Vancouver, is around $21 million, but he said real estate portfolios is reviews of commercial real es- risk of portfolio and asset-level for example, some retail property any commercial property owner, typically in the range tate portfolios is typically in the underperformance,” the Altus saw assessment values leap by big or small, should hire profes- of 500 per cent to 1,000 range of 500 per cent to 1,000 study concluded. more than 200 per cent in 2017 sional property tax advisers. per cent per cent. Oftentimes it’s higher Altus Group is a leading pro- compared with a year earlier. B.C. “If you don’t have a property tax than that, so it’s definitely worth vider of commercial real estate the expense that goes into it,” assessments are calculated on professional on top of it, it can be TERRY BISHOP, ALTUS GROUP services, software and data solu- July 1 of each year and applied to a costly mess,” Ferguson said. Bishop said. tions to the global commercial taxes on the following year. Many firms view their property He said smaller or new commer- real estate industry. In Calgary, current assessments tax expenses as a fixed cost and cial investors should take three In Canada, more than $9 billion may not reflect the downdraft in are therefore reluctant to invest basic steps to make sure they have worth of commercial real estate property values since the 2014 oil the required resources to man- a handle on their property tax assets are at risk of underper- price crash. As well, different mill age the expense “unless they get exposure. forming due to reactive prop- ” First, outsource the tax con- rates and assessments in various into a crisis situation such as a erty tax management, the study Calgary-region municipalities property with a really high as- Few appeal sulting and appeals to experts. states. make tracking property taxes sessment,” Bishop noted. Second, owners should make sure Unlike with residential, where paramount for owners of multiple “Those firms that are focused Paul Sullivan, an appraiser who they react promptly to requests property taxes are rolled into the properties, said Randy Ferguson, more on cost rather than return specializes in property tax con- for information from assessment rent charges, commercial land- COO of Strategic Group, which on investment, in our opinion, sulting with Burgess Cawley Sul- authorities, and, third, make sure lords must be certain that their holds 58 commercial real estate are leaving money on the table livan in Vancouver, said only 1 that the tax clauses in their leases lease agreements keep abreast of properties across the Calgary re- by not proactively reviewing the per cent of B.C. property owners provide for 100 per cent recovery current property taxes. gion, including B office space and property tax assessments for appeal their assessments each of property taxes from their com- Not keeping your eye on multi-family rental buildings, their portfolio.” year. Yet, Sullivan noted, his mercial tenants.■

DEVELOPMENT SITE 1. Developable property in the Brookswood neighbourhood of Langley. In the OCP for 10,000 square foot lots. Almost fi ve acres Asking $5,200,000.00. GET INFORMED BEFORE YOU INVEST 2. Excellent 60 acres farm land in Langley. 3675- 232nd st. Langley. It was a mushroom farm before but now ready for your ideas. Only asking $3,980,000.00. • Exclusive details on 3. 40 acres of blueberry farm with a nice house in Western Canada’s Mission. Only $3,300,000.00 Done Deals Call RAVI PANWAR 604.771.2401 ❚ [email protected] • Get the inside Park Georgia Realty Ltd. scoop with expanded coverage of sold FOR SALE - Commercial buildings in Vancouver (1) and Guildford (2) properties

1538 E. King Edward Ave, Vancouver 14727 108 Ave & 14672 108A Ave, Surrey Bldg 3,660 sqft Bldg 32,000sqft, Lot 38,198/Bldg 5,300sqft, Lot 33,601

Vancouver: Surrey: • Single long-term 24/7 government tenant, • 108 Ave multi tenancies include government, national, offi ce and retail self-managed ideal for passive investor • 108A Ave building self-managed by single govt tenant • Fronts Kingsway, prime location on busy • Cap rate 4.7; Opportunity for development on existing land intersection 27,000 sqft • CD zoning allows for multi zoning usage • $4,470,000. • $11,377,000. for both Surrey bldgs / not available separately Contact owner: Rick Letroy 604.584.3304 WESTERNINVESTOR.COM SEPTEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A17

INVESTMENT AND BUSINESS Richard Podgurski TAX LOSSES FOR SALE OPPORTUNITIES Cell: 604.961.5665 [email protected] Masters Realty LOCAL COMPANIES BUSY CAR WASH www.expertrealty.ca OSOYOOS BUILDING LOTS Fraser Valley Location, 2-Touchless wash Bay, 6 - Spray ONE OF A KIND RESORT Build duplexes: (Real Estate Related) wand Bay, Detail Bay, 5 - Vacuum Islands, 1 - Shampoo only $250,000 each per lot. 9 separate company losses: Vacuum. Storage plus 3 - Bedroom living accommodation. Unique, one of a kind resort, spa or high quality residential 14 acres development site right on the lake, 34,843 sq ft lot. Asking $3,500,000 NEEDED with marina, Pub and airplane landing runway. Fraser Valley homes on acreages & quality farms. Total of: $30,000,000 LANGLEY (smaller company losses available) Offered For $2,988,000 Sand/gravel deposits & clean fi ll sites. Excellent investment property for Future Development, Deal direct GAS STATION & STORE Approx 39,000 sq ft Land, 2 - Commercial Tenants, plus OPPORTUNITY Flexible terms! Excellent Value! Vacant 3 - bedroom apartment. Asking $1,998,000 Gas Station & Store with separate Restaurant Franchises for recycling business; clean, building + residence building for staff or owner located on effi cient, odor-free. Approved locations. UPS STORE major highway. Great exposure and well established business. Contact William Burnaby Metro Town area. Asking $375,000 (phone / text / email) Offered For $1,188,000 BOTTLE DEPOT Ray Lewis PREC Mobile 604-657-1270 Shuswap Location, Land, Building and Business. 40 acres in Langley Sutton Group-West Coast Realty Langley Asking $420,000 Offered For $8M 604-812-9733 [email protected] MERRITT GAS STATION MOBILE HOME PARKS Esso Gas Station with C-Store and Tim Hortons Drive Thru. 15791 MARINE DRIVE IN BEAUTIFUL WHITE ROCK – ONLY $3,999,000 Asking $1,998,000 Park Owners thinking of selling and 8,000 SQ/FT BUILDING – HIGH EXPOSURE 8250 SQ/FT CORNER LOT GAS STATION SITE looking for a market evaluation of your Princeton BC. 1.88 Acre approved Gas Station Site environmental park? Give me a call to discuss options. RARE FIND on Marine Drive in beautiful White Rock! Prime high exposure 8250 done with proposed drawings. Asking $595,000 Parks available: Call me for info on sq/ft corner lot. Loads of parking close by. Incredible property with ocean view. BOTTLE DEPOT these and others Steps to the beach. Across from Semiahmoo Park. CR-4 ZONING - Potential to Lower Mainland location Encorp Pacifi c Licensed Depots with own territory. Please call for Info! Houston BC; 25 pad and 12 RV pad build a new 4 storey building with commercial/residential mix. Existing approx GAS STATION SITE park. 10.5% cap. Ask $529,000 8000 sq/ft commercial/residential building with parking in the back. Two commer- Trail BC. 22,000 SQ FT vacant land approved for Gas cial tenants – a craft store and LaBai Restaurant, award-winning Italian restaurant Station with Drive - Thru Restaurant; Both with a major AB: small 8 pad park city serviced. for 30 years (available with purchase). 7 apartment suites on top fl oor. Excellent brand name. Asking $650,000 Absentee owner. Price $300k fi rm CAP rate potential. Fantastic upside. A great property to add to your portfolio. Do ASHOK KUMAR Summerland: Lakeview Terrace MHP not approach the tenants. Drive by and have a look. Call for further details. 604-855-0800 Cell: 604-556-6399 22 pads senior park. 8.58 acres. Asking $1,555,555 WATERFRONT - HARRISION HOT SPRINGS Tracey Bosch 604-539-7653 traceybosch.com Wolstencroft Langley

ADVERTISE WHERE INVESTORS ARE LOOKING Commercial | Investments | Foreclosures FOR SALE - Farm and Home Fantastic ½ acre level waterfront home 1.5 14325 Harris Rd, Pitt Meadows BC hours from Vancouver on beautiful Harrison 27 Acre producing Blueberry Farm Lake. 200 ft. beach with docks and ramp. Too much to list so go to website for info and 6,000 sq. ft Executive Home drone footage. Asking 2.39M Asking $3,650,000

604.669.8500 BILL SUMMERS FOR SALE - By Court Order TOLL FREE 1.800.661.6988 Direct Line: 604-626-8894 25 Front Street, Nanaimo BC WESTERNINVESTOR.COM www.sellingmobilehomeparks.com “The Globe Hotel” Mixed use residential and Retail Downtown Location Asking $1,550,000 FOR SALE - By Court Order 525 Haliburton Street, Nanaimo BC (Formerly Patricia’s Pub) 18,480 sq ft corner lot DOMINIC FUNG Sales, Management, Water views Project Marketing [email protected] Reduced to $570,000 604604-729-3117-729-3117 FOR SALE - By Court Order COMMERCIAL PROPERTIES FOR SALE 225 Terminal Ave, Nanaimo BC 3300 sq ft Single Storey Retail • CHINATOWN HA-1A DEVELOPMENT SITE Approx. 6075 SF at corner of Georgia St. and Gore St. Existing 36 rooming house and 5994 sq. ft lot in Downtown location Chinese herbal store. Booming area for new development. Asking $13.6 Million Asking $500,000 • MOBILE HOME PARK FOR SALE - Kingsway Corridor 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 3165 Kingsway, Vancouver BC 2 storey building • BUILDING SUPPLIES COMPANY Central location Money making business for sale. It has been around over 10 years. Located along busy Bridgeport Road in Richmond. Building supplies include laminated Asking $2,300,000 Under Contract tiles and mouldings. $1.56 Million MANJIT CLAIRE* KURTIS CLAIRE • VERNON COMMERCIAL [email protected] [email protected] 6365 Highway 97, Vernon. Land 1.48 acres. Building around 15 yrs. old and PH: 604.263.2823 DIR: 604.559.5120 approx. 8000 SF include showroom and service bays. Stable tenant & potential. www.ClaireGroup.ca $2.5 Million *Personal Real Estate Corporation All Measurements Approximate. • OCEAN FRONT RETAIL RE/MAX Real Estate Services 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 N410 - 650 W. 41st Ave. Vancouver, BC V5Z2M9 Reduced $2.65 Million Each offi ce independently owned and operated A18 | LOWER MAINLAND WESTERNINVESTOR.COM | SEPTEMBER 2017

B.C. | WHAT’S HAPPENING Global equity firm buys into Protection Office (HPO) are- CBRE improves seen as a harbinger of new home Brentwood mixed-use project construction, since the war- moving services ranty registrations are required before building permit applica- tions, according to BC Housing. As of the first half of this year, HPO had received registrations for 1,788 new Vancouver con- dos, down from 2,488 units at the same time in 2016. Industry officials say the low- CBRE in Vancouver has beefed er registrations may just reflect up its moving services, hiring a pause in a booming cycle. Under a new zoning bylaw that moving industry veteran Jason “No one I’m talking to is slow- came into effect May 1, all new Shanks to head its business ing down – it’s crazy busy out homes in the city will eventu- transition and move manage- there,” said Bob de Wit, CEO of ally have to be built close to the ment team. the Greater Vancouver Home Passive House standard. “Amazing Brentwood” in Burnaby draws global investor. | SHAPE PROPERTIES According to CBRE, rising Builders’ Association. On August 14, the ice boxes land values and rental rates in “There are some very large were opened and the ice hape Properties and co-owner one-acre plaza, all connected to the Vancouver and Burnaby projects underway that will measured. Healthcare of Ontario Pension SkyTrain on a 28-acre site. Most markets are pressuring indus- complete in the fall that are It was found that the Passive SPlan (HOOPP) have brought significantly, the development in- trial facility owners/occupiers taking up productive capacity House still had 639 kilograms in L Catterton Real Estate (LCRE), cludes more than 6,000 condomin- to relocate. Many are turning and limiting new starts and de- of ice unmelted from the orgin- the real estate investment and de- iums in 11 high rise towers, some up to Delta, Surrey and Pitt Mead- laying warranty purchases for al 1,o00 kilograms. The build- velopment arm of L Catterton, as to 70 storeys. ows, where there is now signifi- subsequent projects,” de Wit ing code house, in comparison, a strategic partner in the massive John Horton, president of Shape, cant pre-lease and sales activity said. had just 407 kilograms left. redevelopment of the former Brent- said the LCRE partnership is “a huge in upcoming developments, the “Construction costs are ex- The Ice Box Challenge was wood mall in Burnaby. vote of confidence” for one of Met- company noted. ploding and even developers meant to help demonstrate Brentwood is the first Canadian ro Vancouver’s largest mixed-use Shanks, a 20-year veteran of who have projects pre-sold are how, with simple changes such project for U.S.-based L Catter- developments. the moving industry, will man- scrambling to sharpen their as thicker walls, better win- ton and only its second in North Some notable LCRE projects in- age a CBRE group that performs pencils and retender, causing dows and proper air circula- America. clude the Miami Design District in delays in starts,” he added. more than 300,000 corporate tion, home owners can reduce With over $14 billion of equity Florida and Ginza 6 in Tokyo, Japan. moves annually. energy use and cut costs. capital across 17 offices globally, L Alexandre Heriard-Dubreuil, a Catterton is the largest consumer- partner and CIO of LCRE, noted Passive house focused private equity firm in the that HOOPP has been a long-term City condo world. partner with LCRE, and said he was tested Tallest tower Marketed as “the Amazing Brent- “impressed by the vision and quality shortage looming On July 27, two structures were wood”, the $2 billion North Burnaby of the Shape team.” placed at Vancouver’s Olympic Townline, developer of Vic- development has been underway Brentwood has already seen three Mandatory registrations of new Village – one built to the B.C. toria’s Hudson District, has since 2014. The redevelopment in- of its new residential towers sell out, Vancouver condominiums have Building Code and one built to submitted a development cludes more than 250 shops, more and Phase 1 of the development is fallen 28 per cent this year as a Passive House standard. One permit application to the City than one million square feet of of- still underway. Phase 1 is expected starts have plunged, despite a tonne of ice was placed in each of Victoria asking for a height fice and commercial space, and a to complete within 24 months. white-hot pre-sale market that structure, and the public was variance so that it can go higher has driven new condo inventory invited to guess how much ice with a condominium tower to The 29-storey tower would dwarf Island’s tallest building. to record lows. would be left at the end of the be built on part of the site that Greater Victoria’s tallest building, Townline already has approval for Registrations of new homes competition after 18 days of once held the Hudson’s Bay de- Bosa Properties’ 21-storey Prom- one 24-storey tower and a second with the BC Homeowner summer heat. partment store parkade. ontory, and edge it higher than the shorter tower on the downtown site.■

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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. $1,799,000 Rick Toor

7236 Pioneer Avenue, Agassiz 45944 Yale Road West $989,000 35,874 Sq. Ft. of land available • 2 commercial + 6 apartments for development • NOI $65000 +/- @ 100% occupancy 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. NG Approximately 30 Acres that can be leased as NDI a whole or in smaller acreages. Portion of the 5550 Dieppe Street PPENDINGE site has plans for over 240 truck parking spots. 454594559 StStevenson 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 business and own a strata D unit in popular Gian’s Business Center OL 1,420 Sq. Ft. @ SSOLD $724,200.00 3088 272nd Street, Langley #407-8705 Young Rd. 45805 Cartmell Rd. $599,900 1,655 Sq. Ft. @ $2.48 million 1,355 Sq. Ft. Strata commercial unit for sale. Zoning is 5,640 Sq. Ft. property with M4 zoning. M4 Zoning permits $844,050.00 the following: warehouse, light manufacturing, services, Bank anchored commercial building with long Service Commercial (CSM): General commercial, public or private assembly, accessory dwelling, specialized industrial, food processing, general manufacturing, 1,379 Sq. Ft. @ term leases in place. Tenants include CIBC craft manufacturing, warehousing, food and beverage recourse use, heavy industry, accessoy offi ce and sales, $703,290.00 bank, Sushi Restaurant, Hair Salon and 100% processing, service industrial. Located on Young Rd. open storage, convenience commercial, accessory Leased Space.Call now for details. with a very high traffi c count. dwelling unit, off street parking/lading. Rick Toor Rick Toor Rick Toor Rick Toor Lease Opportunities 9010 School St., 103-32883 South Chilliwack Fraserway, Abb. $12/square ft. Strata commercial $17/square foot. High exposure units for lease! Units from 2,400 facing Seven Oaks Mall. 3,500 sq.ft.- 10,000 sq.ft. Perfect for sq.ft. in Central Abbotsford. Medical professional. Competitive lease rates. 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 A20 | LOWER MAINLAND | SERVICES WESTERNINVESTOR.COM | SEPTEMBER 2017 Higher interest rates expose hard truth in mortgage market

ver the past few months, remains stridently commun- buyers in particular) to assume modern capitalism are as regu- the Bank of Canada has REAL ESTATE ist and authoritarian. What- vastly greater debt than they lar as clockwork. It’s a myth that Ofaced a terrible dilem- FINANCE ever the internal virtues of this otherwise would have to. we’ve solved them. ma: keep interest rates low or one-party state, China is seen Up to 25 per cent of present Regrettably, thanks to the raise them to combat potential by many of its own citizens as mortgage holders would lose Bank of Canada, the most highly inflation. a dangerous place to keep their their homes if interest rates educated generation of young It seems the decision has been money. returned to historical norms. people in our history is about made: on July 12, the bank raised So sensible Chinese families A majority of young first-time to discover that truth the hard interest rates for the first time are getting their money out by homebuyers would be severely way.■ since the 2008 financial crisis. any means possible and in- compromised by rate rises. And If this is the start of a trend vesting in more stable econ- unlike in U.S. property mar- Robert McGarvey is chief strat- and not a temporary aberra- omies like Canada’s. kets, a mortgage in Canada is egist for Troy Media Digital Solu- tion, then Canadians can expect What was a trickle of foreign recourse, which has to do with tions Ltd., an economic historian considerably higher borrowing investment a decade ago has which assets a lender can go and former managing director costs in future. become a flood. By some esti- after if a borrower fails to re- of Merlin Consulting, a London, By ROBERT MCGARVEY You don’t have to be an econo- mates, China will export more pay a loan; in other words, you U.K.-based consulting firm. mist to know that rising interest than $1 trillion of real-estate- can’t just walk away from an rates will hurt a lot of Can- bound investment in the next underwater mortgage. adians. And you don’t have to Canadians’ ability to pay. It decade. Roughly 10 per cent or How did such a dangerous be a sociologist to know that, put the housing market over- $100 billion of this is earmarked situation come to pass? demographically, young fam- valuation at 63 per cent. The for Canada. There are some fundamental ilies are going to be hurt the Economist has similar fears Massive foreign investment flaws in our economic think- most. about Canada’s housing mar- distorts the domestic housing ing. Apart from seriously unbal- Many economists believe the ket, which it estimates is 75 per market, imposing double-digit anced international trade deals, bank created the debt prob- cent overvalued when compared inflation on housing in largely the Bank of Canada is accepting lem. Canadians have been on a with rents. stagnant economies. And this the false logic that raising inter- debt binge since interest rates There are two main causes of forces buyers (young first-time est rates is the best way to head dropped to near zero after the this distortion in the housing off inflation. financial crisis of 2008. The market. Yes, ultra-low interest This mistake could trigger a total debt-to-gross-domestic- rates contribute to the prob- Up to 25 per cent of recessionary spiral that rapidly product (GDP) ratio in Canada lem. But foreign buyers (mostly present mortgage gets out of control. has increased to more than 350 Asian) are driving up prices in holders would lose their Many young Canadians have per cent. In other words, Can- key urban centres. Foreign buy- homes if interest rates bought into the homily that if adians are up to their eyeballs ers have been particularly active they get a university education, in debt. in the Vancouver and Toronto returned to historical they’ll be on their way to mid- There’s also been a consider- real estate markets. norms dle-class respectability. able rise in government-related They’re about to discover that debt. that respectability comes with And a lot of debt is being used Foreign cash flows massive student debts and, for consumption. Canadians presuming they want to buy a keep spending whether or not Why are foreign buyers buying house, an enormous (and pot- they have income to support property in Canada? entially fatal) home mortgage. their lifestyles. Consider China. Many Chi- The cycles of crisis in However, the largest part of nese families have accumulated ” the debt is the result of the out- considerable wealth through of-control housing market. the economic revolution that According to Deutsche Bank, Chinese authorities call “market the Canadian housing mar- socialism.” Cheap money and rising real estate values have created a mortgage monster ket is wildly out of sync with But China’s government that could consume some Canadian borrowers

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 ■ ■ Est. 1999, 30 trucks, 12,000 sf leased 21427 83rd Ave, 1.51A lot with 4200 sf home & huge garage/storage. Currently property at $8K/yr, sales $850K/yr zoned for SR-2, pty on west side may also ■ 295 Terminal Ave, Vancouver $660K 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 SEPTEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A21

GORDON KLEAMAN Personal Real Estate Corporation 604.779.6644

Silverdale Plaza, Mission 1365 Burnaby Street, Vancouver * NEW 15 acre development site on the corner of Nelson Street and Lougheed Highway

This incredible property is prime development in an area of quickly appreciating MISSION condos. It is within walking distance to the beach and all amenities, in the prime English Bay area in Vancouverʼs West End. This 9-unit building in great condition has been completely upgraded throughout. 7 of the units are fully furnished with everything from linens to cutlery. Great revenue for a development site. Development site with plans for a new 21-unit development or 28-unit rental building potential with a two storey addition and renovation. This is the premier property for the discerning investor. $7,500,000

Surrey Development Site COMMERCIAL AUTOMOBILE POTENTIAL • Opportunity to Purchase a highrise building site 4 large commercial-sized lots (1.75 acres) that could • DP ready accommodate: • Firm building contract available • auto dealerships • autobody / repair shop / auto detailing / car wash • larger ʻboxʼ retail stores 452 & 456 E 1st Street • gas station designated site Moodyville, BC

FOOD AND RESTAURANTS

• major branded grocery store • coffee shops • fast food outlets • casual restaurant / pub location • drive-thru restaurants

RETAIL SHOPPING This is a unique opportunity to acquire a 12,000 square foot multi-family development site within the highly desirable Moodyville area of North • Designated retail strip of ground level storefronts, Vancouver. The current RG-3 zoning refl ects an opportunity to introduce new ideal for shoppers types of ground-oriented housing into the city, including a mix of condo and • clothing / footwear townhomes with green spaces. Existing homes across these 3 separate titles boast Vancouver city and ocean views from every fl oor and future roof-top • consumer goods decks. Easy rental potential or excellent holding properties. Please contact • professional services listing agent for additional zoning documents and building information. The three listings, 456 & 458 East 1st Street which are ½ duplexes, combined with • speciality shops this lot, make up 12,000 sq ft.

#101 - 2609 Westview Dr., North Vancouver, B.C. V7N 4M2 | 604-779-6644 | [email protected] | www.gordonkleaman.com A22 | LOWER MAINLAND | SEA TO SKY/SUNSHINE COAST | BUSINESS OPPORTUNITIES SEPTEMBER 2017

Restaurant For Sale Boston Pizza Chilliwack Established profi table location,225 seats plus 50 GARY TIWANA Award winning Premium Italian Restaurant in [email protected] on patio. Sports bar has 8 big screen TVs plus Growing Chilliwack. Built for this eatery, offering wall size super screen. Buyer must be approved 604-807-6477 over 2.300 sq ft, 60 seating and fully licensed. by Boston Pizza and have previous restaurant COASTAL REALTY LTD. Enjoy our country way of living - come to Chilliwack. experience. Priced at $699,000 “Shefi eld & Son” for Sale Land and Building located in Hope 34316 sq. ft. lot with 3276 building. Existing use Great opportunity to own this well known is funeral home but zoning allows for various franchise. Very successful business in very Mortgage Lenders / Investors uses such as day care Senior housing possible busy mall. EST since 1995. Booming Post rezone to residential. Offered at $699,000 Excellent Secured Opportunities Offi ce & Cigarette sales, Lotto, Rental Please contact: 12% to 25% per annum mailboxes, Key cutting, Gift items. 10 year Iain MacDonell Becky Rannala Vancouver, Kelowna, Calgary lease. Low rent & overhead. Gross Sales 604-328-2929 604-349-2943 Established Developer BOB BUHLER 1.800.795.2955 RRSP Eligible over $1.1 million/yr. Husband & wife RE/MAX Select Properties [email protected] www.buhler.net email: [email protected] operation. Call Gary for more info. POWELL RIVER Kindersley, SK – 72 MH & 59 RV pads .....4,950,000 OPPORTUNITIES McKenzie, BC – 113 pads, 17 ac ...... 3,250,000 RREDUCEDEDUCED Fairview, AB – 50 pads, 7.1 ac ...... 1,850,000 Rosemary, AB – 57 pads, 9 ac ...... 1,300,000 Shaunavon, SK – 17 pads, 3.66 ac ...... 645,000 Dominion, NS – 17 pads, 4.3 ac...... 340,000 HarryH Jesse TollT free: 1-888-251-2822 DirectD Line: 604-302-3771 AQUACULTURE LEASE Fax:F 1-888-804-1394 9 acre water lot lease with aquaculture license in WebW site: www.mobileparks.com Lancelot Inlet, Okeover Arm. Includes 0.74 acre Email:E [email protected] uplands lease with caretaker’s residence, crew quarters, Homelife Glenayre Realty workshop, equipment storage and dock. Water access about 10 minutes from Okeover Harbour. $229,900 HOPE BC $889,800 The Lower Mainland’s trusted source for real estate news Good value here. Unique property 8.5 acres with no neighbours. Park like setting. Has 6 rental DEVELOPMENT PROPERTY homes on property, 1 - 3 bedroolm, 2 - 2bdrm, 37.7 acre former executive-length golf course and listings and 3- 1 bdrm, with 3 out buildings and 32 x 30 with outbuildings and potential mobile home 2 bay shop. All units are rented, never any vacan- park development. Just outside city limits, cies. Gross monthly income $4,400. central to downtown Powell River. $1,800,000 Homelife Glenayre Realty Chilliwack Ltd. Sheldon Moore - Cell: 604-703-6208 RREDUCEDEDUCED [email protected] ■ Door-to-door delivery ■ Geo-targeted audiences ■ Widest coverage

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 exposure, store-front parking. For sale at Turn Key commercial $244,500 or lease at $9/sqft + triple net. investment in the heart LEASE SPACES AVAILABLE of Oliver, BC Westview Shopping Centre - Located on busy Joyce Avenue in the largest residential area of Powell River, • Generous cap rate lots of parking, easy access, excellent exposure • Central location (Fairview Road) Unit 3 – 1627 sqft $14/sqft + triple net • Two storey, well maintained Ideal restaurant or retail set-up building Unit 4 – 5000 sqft $12/sqft + triple net Bright corner unit, ideal retail • Strong, long standing tenant mix Call or email for more details • Ample parking • 6.6 cap rate. 100% tenanted $2,400,000.00

DAVE BEATTIE INDEPENDENTLY OWNED AND OPERATED PERSONAL REAL ESTATE CORPORATION 604.905.8855 1-888-689-0070 [email protected] `Your Whistler/Pemberton Connection’ SEPTEMBER 2017 | WESTERNINVESTOR.COM VANCOUVER ISLAND | A23

Vancouver Island Multi-Family Development Properties JOINT VENTURE Arden Road, Courtenay: 0.94 acre lot with small tear-down rental house providing holding income during re-zoning. Courtenay’s planning OPPORTUNITY department indicate cluster, row housing and/or low rise multi-family apartments should be possible per the Arden Corridor Local Area Plan. near Duncan, B.C Asking $319,900. 80 Unit Independent Living Parksville (Hirst Ave): 20,000 sq ft level lot, zoned High Density – Residential (RS-3). Expired DP provided for 18 residential suites with surface parking. A complete set of drawings included only requiring updating to current code. Asking $549,900. R. Mike Mullin, CPA, CGA, Personal Real Estate Corp, 1-250-650-6560 Commercial ICI Division, 503 Comox Rd, First Floor, Nanaimo, BC V9R 3J2

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”We are thrilled to be opening in Nanaimo” – Mike Holmes, Owner and President of Pemberton Holmes

&ŝƌƐƚ&ůŽŽƌʹϱϬϯŽŵŽdžZŽĂĚ Robin Hill (604) 682-3369 Z^/Ed/>ΘKDDZ/>Z>^dd EĂŶĂŝŵŽ͕ƌŝƟƐŚŽůƵŵďŝĂsϵZϯ:Ϯ hz/E'͕^>>/E'ĂŶĚͬŽƌ>^/E' ϮϱϬͲϳϱϯͲϵϲϴϴŶĂŶĂŝŵŽΛƉŚƌĞ͘ĐĂ Z^/Ed/>WZKWZdzDE'DEd Alfi e Macalino (604) 518-0075 KDDZ/>WZKWZdzDE'DEd ƉĞŵďĞƌƚŽŶŚŽůŵĞƐŶĂŶĂŝŵŽ͘ĐŽŵ www.carewestproperties.com Victoria · Sidney · Duncan · Sooke · Ladysmith · Saltspring Island · Parksville · Denman Island · Bowser · Nanaimo A24 | VANCOUVER ISLAND WESTERNINVESTOR.COM | SEPTEMBER 2017 Southern Vancouver Island ❖ Gulf Islands LLuxuryuxury OOceanfrontceanfront HHomeome OOnn SSatelliteatellite CChannelhannel IInn NNorthorth SSaanichaanich

This fi nely crafted home built in 2003 was designed for seaside living both indoors & outdoors. Dramatic foyer, great room concept w/20’- 30’ ceilings, state of the art kitchen, movie theatre, exercise room, wine cellar, triple garage, 8 person in ADVERTISE WHERE ground hot tub, caretaker suite, & luxurious amenities. All very spacious INVESTORS ARE LOOKING rooms w/ outstanding marine views. Set in a private landscaped 1.08 acre property w/easy access to the beachfront. $4,499,000. SSecludedecluded OOceancean VViewiew HHomeome OOnn GGalianoaliano IslandIsland

Inviting west coast home set in natural state 1.09 acres. Approached via a quiet country lane this 2 level home with 2 bedrms & bathrms has a fl exible plan! Designed for part as suite. Natural wood fi nishes w/ Mexican fl avor. The open upper level makes a lovely artist studio. Main rooms open to 952 sq’ of decks - beautiful views & sunsets. Situated across from ocean & public dock. Close to parks & walking trails. Ideal retreat or all year living. $484,500. 604.669.8500 TOLL FREE 1.800.661.6988 WESTERNINVESTOR.COM PETER NASH Macdonald Realty Ltd - Victoria peternash.com 250.384.0566 [email protected] SEPTEMBER 2017 | WESTERNINVESTOR.COM VANCOUVER ISLAND | A25

Semi-Oceanfront 5+ acres subdivide or develop Qualicum Bay on central POWELL RIVER, BC Vancouver Island Semi-ocean front, 5+ acre development site on ADVERTISE WHERE RARE LAKEFRONT ESTATE community water with 2000 sq.ft. rancher & pasta manufacturing shop. Currently zoned single family but OCP INVESTORS ARE LOOKING designates Village Centre. Subdivide or plan your future development. $1,488,888 Downtown Nanaimo For Lease Furnished turn key executive offi ce space in the heart of Commercial St. from $400.00/month Gross; and studio/ offi ce space $1500/month GROSS inclusive. Professional offi ce space Dunsmuir Street with views & balcony from 1668 sq.ft. to 5000 sq.ft. From $12.00/sqft plus OE&T. Ground fl oor open plan lease space 7000 sq.ft. From $9.00/sq.ft. plus OE&T. South facing, in-town 1 acre, Sandy Clark PREC* 250-668-9878 604.669.8500 3200 sq. ft. home, shop & creek  Personal Real Estate Corporation TOLL FREE 1.800.661.6988 WESTERNINVESTOR.COM $849,000 MYCOAST.CA [email protected] Royal LePage Nanaimo Realty   WATERFRONT ACREAGE   Ed HHandjaandja & SShelleyhelley MMcKaycKay     PERSONAL REAL ESTATE CORPORATION PERSONAL REAL ESTATE CORPORATION Your BC Oceanfront Team   Specializing in Unique Coastal Real Estate in British Columbia EEd:d: 2250-287-001150-287-0011 • SShelley:helley: 2250-830-443550-830-4435 TT.F..F. 11-888-286-1932-888-286-1932 !" #$  [email protected] & [email protected] % # & '  ()*)+"*""" 32 acres with 660 feet of south facing low bank oceanfront.       $1,725,000 MYCOAST.CA       BARKLEY SOUND HAGGARDS COVE VANCOUVER ISLAND SHELLFISH LEASE OCEAN FRONT HOME & ACREAGE .40 acre strata lot on west coast Vancouver Island. 1.62 hectare lease in Teakerne Arm, West Boutique fi shing lodge presently, two residences Redonda Island, Discovery Islands. 26 years plus outbuildings, private moorage. Water access remaining on lease, 9 year aquaculture license, only recreational residential community, Alberni approved management site plan. 17 rafts in place. Inlet. $675,000 Good production area. $100,000 CAMPBELL RIVER, BC

NEW PRICE

Lund, BC, custom home, 13 acres, dock, rentals & processing plant. 5400 sq.ft. commercial zoned building and land ZEBALLOS POST AND BEAM LODGE YAKOUN RIVER INN $2,500,000 MYCOAST.CA in downtown Campbell River. Long time tenant in West coast Vancouver Island, recently constructed Popular pub on the oceanfront in Port Clements, the retail space & lease in place on the commercial 6 year old building, some fi nishing required. Not Haida Gwaii. 3,300sqft building on a corner space. Two residential tenancies on month to currently operating. 7 guest suites, manager/ location, adjacent to government dock facilities, Call DON MCLEOD PREC month. This investment could generate over $60K owner’s suite, café and bar. All systems and licensed for 100 patrons. Permitted uses also yearly and provide a CAP rate over 6%. 604-483-8044 $718,800 MLS #421487 equipment in place. $450,000 include lodging. $337,500 POWELL RIVER [email protected]

www.bcoceanfront.com MORE PICTURES AND INFO AT MYCOAST.CA

-D\&RXVLQV Š This rare opportunity offers a long standing pub/ restaurant operation (The Landing) conveniently MD\FRXVLQVUHDOW\ located beside the ferry terminal on the waterfront $Q,QGHSHQGHQW0HPEHU%URNHU in Quathiaski Cove on Quadra Island. The 2 acre property also offers the owners own beautiful 4 3+7)(MD\#MD\FRXVLQVFRP:MD\FRXVLQVFRP bedroom view home & 3 revenue units. $1,099,800 MLS #423726 )($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</$17=9,//( ‚ 6T)W/HYHO(QWU\8QLW8QGHUJURXQG3DUNLQJ ‚ )XOO\7HQDQWHG8QLW&RPPHUFLDO3URSHUW\ ‚ /HJDO3DUFHOVZEXLOGLQJVRYHU$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 Very active business with a well established mini &5((.6,'($3$570(176 ‚ 0L[RI2OG 1HZ%XLOGLQJV ‚ %DFKHORU2QHV 7ZRV ‚ (DV\$FFHVV)HQFHG /HYHO  golf as well as retail lease revenue on a 5 acre 3RUW+DUG\%& ‚ /RZYDFDQF\UDWH,QIR3DFNDJH  ‚ 6KRZV2YHU&$35DWH  ‚ =RQHG&7;IRUPDQ\XVHV developed commercial property 1/2 way between ‚ :HOO0DLQWDLQHG8QLW$SDUWPHQW%XLOGLQJ 352)(66,21$/0(',&$/2)),&(675$7$ 5,9(5)521708/7,)$0,/<6,7( 352)(66,21$/2)),&(255(7$,/63$&( Courtenay and Campbell River. Ideal for owner ‚ $FUH&RUQHU6LWH1HDUO\DQ&$35DWH 3DUNVYLOOH/RFDWLRQ$FUHV56=RQLQJ ‚ &ORVHWKH1DQDLPR+RVSLWDO6T)W6SDFH ‚ ‚ 6T)WLQ4XDOLFXP%HDFKQHDU'RZQWRZQ&RUH operator or out of area investor ‚ 6XLWH0L[LV2QH%HGV 7ZR%HGV ‚ $PSOH3DUNLQJ&RPPRQ$UHD ‚ 4XLHWDUHDZLWKLQ&LW\/LPLWV ‚ 2SHQ6SDFH$&3DUNLQJ6WDOOV ‚ 6WRUH\%XLOGLQJZLWK(OHYDWRU ‚ 5HFHSWLRQ2IILFHV 6WRUDJH  ‚ 0RVWO\&OHDUHG 5HDG\WR'HYHORS  ‚ 9DFDQW 5HDG\IRU2FFXSDQF\  $1,498,000 MLS #423645 ‚ 3OHQW\RI3DYHG3DUNLQJRQ6LWH 6287+1$1$,02,19(670(173523(57< ‚ ,QIRUPDWLRQ3RUWIROLR$YDLODEOH 1$1$,025(6,'(17,$/'(93523(57< $&5('(9(/230(173523(57< /,*+7,1'8675,$/3523(57<1($5$,53257 ‚ $FUHV=RQHG56WHHS6ORSH5HVLGHQWLDO ‚ ([FHOOHQW/DG\VPLWK/RFDWLRQ3/$RI5HVLGHQWLDO ‚ ([FHOOHQWORFDWLRQRQ+LJKZD\QHDU&DVVLG\$LUSRUW ,GHDOIRU0XOWLDQGRU6LQJOH)DPLO\ STEPHEN GRANT ‚ /RWVSOXV0RELOH+RPH3DUN ‚ $FUHV/DUJH6KRS 2IILFH%OGJ  ‚ /LVWHGEHORZ$SSUDLVHG9DOXH  ‚ 3HUIHFWIRU3KDVHG%XLOGRXW2S  ‚ )XWXUH([SDQVLRQ3RWHQWLDO  PERSONAL REAL ESTATE CORPORATION +$5021<+286(&$5()$&,/,7< 6725(<&200(5&,$/5(6,'(17,$/%/'* %86,1(66(6 ‚ %HG/RQJ7HUP&DUH)DFLOLW\LQ1DQDLPR%& ‚ &KHPDLQXVORFDWLRQIRUPHU5HVWDXUDQWRQPDLQ ‚ )XOO7LPH6WDII 0DQDJHPHQW OHYHOZLWKEHGEDWKVXLWHXS Cell/Text: 250-287-1287 6KDUH6DOHZ%XLOGLQJ /DQG  $OO(TXLSPHQWLQFOXGHGLQSULFH  *\PP\%XII)LW)LWQHVV&HQWUH  ‚ ‚ 6RXWK1DQDLPR/RFDWLRQ Email: [email protected] 35,9$7(6.,1/$6(5&/,1,& $&5(6/,*+7,1'8675,$/3523(57< %8,/',1*6 /$1'&(175$/1$1$,02 6XQVHW/DQHV%RZOLQJ$OOH\  3DUNVYLOOH 1DQDLPR%& ‚ =RQHG, +LJK7HFK :DUHKRXVH&DUHWDNHU5HV ‚ $SSUR[$FUH3DUFHO)RUPHU&DUH)DFLOLW\ TOLL FREE: 1-888-286-1932 ‚ )HQFHG/HYHO+LJKZD\$FFHVV ‚ &&=RQLQJ+RVSLWDO8UEDQ&HQWUH 5LFN\ªV)DPLO\5HVWDXUDQW  ‚ 0HGLFDO(VWKHWLFV%XVLQHVV ‚ 3HUPLWIRU0LQL6WRUDJH8VH  ‚ 0XOWLSOHSHUPLWWHGXVHV  )UDQFKLVH2SSRUWXQLW\&RXUWHQD\ www.StephenGrant.bc.ca ‚ 1RUWK1DQDLPRORFDWLRQIRURYHU

DONE DEALS | OUR READERS REPORT ON COMMERCIAL REAL ESTATE

Retail strip on an 18,295-square-foot lot, Aldergrove, sold for $2.3 million. | HOMELIFE GLENAYRE REALTY

1,243-square-foot retail space, 5,481-square-foot industrial site, Hamilton Street, Vancouver, sold Curragh Street, Burnaby, sold for for $2.19 million. $2.28 million. BC Hydro has backing of province for purchase of Waneta Dam near Trail. | BC HYDRO | WILLIAM WRIGHT COMMERCIAL | COLLIERS INTERNATIONAL BC HYDRO BUYS ALL OF TRAIL’S WANETA DAM Company will pay $1.2 billion to acquire full ownership FROM | NAI Commercial, Vancou- slated for redevelopment, situated Hydro is paying more than $1 billion to option to extend the lease for an additional 10 years. ver. NAI agents Brandon Harding, on a 39,275-square-foot lot, Wil- BCacquire full ownership of a dam in the The BC NDP provincial government expressed Terry Harding and Jackson Tang lingdon Avenue, Burnaby. Price: B.C. interior. its support of the sale but the transaction is pend- report the following sale: $33.8 million. The company is purchasing the remaining two- ing approval from the British Columbia Utilities DEAL | Single-family residential thirds ownership interest in the Waneta Dam and Commission. site near Burquitlam SkyTrain sta- FROM | Avison Young, Vancouver. Generating Station in Trail from Teck Resources “Securing a long-term source of clean, reliable tion slated for multi-family de- Avison Young agents Russ Bougie Ltd. BC Hydro already holds a one-third share, power at a cost-effective price to continue serv- velopment. Como Lake Avenue, and Kevin Kassautzki report: purchased for $825 million in 2010. The remaining ing the Trail smelter is a great development for the Coquitlam. Price: $6.82 million. DEAL | 18,392-square-foot indus- shares will be purchased for $1.2 billion. entire province,” said Katrine Conroy, Minister trial lot with automotive shop, BC Hydro believes full ownership of the dam of Children and Family Development and MLA for FROM | HQ Commercial, Vancou- slated for stacked strata project. will help keep energy costs down. A 20-year lease Kootenay West. “At the same time, Kootenay jobs ver. HQ agents Mark Goodman and Clark Drive, Vancouver. Price: $7.6 agreement is in place with Teck to continue to and economic investment will strengthen as a re- Cynthia Jagger sold the following: million. supply power to the Teck smelter in Trail, with an sult of BC Hydro’s purchase of the Waneta Dam.”■ DEAL | 58-suite rental building DEAL | Four-unit, fully tenanted SEPTEMBER 2017 | WESTERNINVESTOR.COM VANCOUVER ISLAND | A27

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

18,392-square-foot industrial lot with automotive Single-family site near Burquitlam SkyTrain shop, Clark Drive, Vancouver, sold for $7.6 station slated for multi-family development in warehouse on a 1.57-acre lot. Burnaby. Price: $2.28 million. million. |AVISON YOUNG Coquitlam, sold for $6.82 million. | NAI COMMERCIAL Norland Avenue, Burnaby. Price: $5.75 million. FROM | Sutton Group West Coast Realty, Harrison Hot Springs. FROM | Avison Young Edmonton Sutton Group agent Freddy Mark agent Reed Newman brokered the reports: following: DEAL | Cabin motel property on Har- DEAL | Three mobile-home parks rison Lake, situated on 1.06-acre across central Alberta totalling lot. Lillooet Avenue, Harrison Hot 40.95 acres, purchased by Pres- Springs. Price: $2.6 million. tigious Properties Group. Located Cabin motel property on 1.06-acre Harrison Lake lot, 1.59-acre industrial corner site in Gloucester in Rocky Mountain House, Eckville FROM | Sutton Premier. Agent Ken Harrison Hot Springs, sold for $2.6 million. Industrial Estates, Langley, sold for $2.08 million. and Drayton Valley. Price: $6.3 Heppner sold the following: | SUTTON WEST COAST REALTY | FRONTLINE REAL ESTATE SERVICES million. DEAL | 1.02 acres of land with multi- family development potential in the FROM | Frontline Real Estate Ser- West Clayton neighbourhood. 185 vices Ltd. Frontline agent Todd Street, Surrey. Price: $3.1 million. Bohn reports the following sales: DEAL | 19-acre development site FROM | William Wright Commercial. with potential for multi-family William Wright agent Cory Wright and single-family homes, sold reports the following: for six times its assessed value. DEAL | 1,243-square-foot retail Pine Street, Abbotsford. Price: space tenanted by international 58-suite rental building slated for redevelopment, Three mobile-home parks in central Alberta, $16 million. retailer, Goorin Bros. Hat Shop. DEAL Willingdon Avenue, Burnaby, sold for $33.8 totalling 40.95 acres, sold for $6.3 million. | 1.59-acre industrial cor- Hamilton Street, Vancouver. Price: million. | HQ COMMERCIAL | AVISON YOUNG ner site in Gloucester Industrial $2.19 million. Estates, zoned for manufacturing use, Langley. Price: $2.08 million. FROM | HomeLife Glenayre Realty. HomeLife agent Rick Toor reports FROM | Colliers International, Van- the following sale: couver. Colliers agent Roy Pat sold DEAL | Retail strip with an- the following: chor tenant CIBC bank on an DEAL | 5,481-square-foot ware- 18,295-square-foot lot, on 272 house zoned operating as an auto Street, Aldergrove. Price: $2.3 service shop. Curragh Street, million. 19-acre development site in Four-unit warehouse on a 1.02 acres with multi-family Abbotsford sold for six times its 1.57-acre lot, Norland Avenue, development potential, 185 CLOSED A MAJOR COMMERCIAL DEAL IN WESTERN CANADA? assessed value, at $16 million. Burnaby, sold for $5.75 million. Street, Surrey, sold for $3.1 SUBMIT TRANSACTION DETAILS AT WWW.WESTERNINVESTOR.COM/ |- FRONTLINE REAL ESTATE SERVICES | -AVISON YOUNG million. | SUTTON PREMIER DONE-DEALS/DONE-DEALS-FORM

Brenda Dean presentspt A ssuccessfuluccessful ssmallmall rresortesort sstepsteps ffromrom tthehe SSeaea $$997,000997,000 Live and work just steps from the Salish Sea mid-way between Vancouver and Vancouver Island! Live the dream and move to Mayne Island - a popular gem of the Southern Gulf Islands. Step into this well-established successful small family-run resort steps from the National Seashore. GET INFORMED BEFORE YOU INVEST Blue Vista Resort of Mayne Island boasts great year-round clientele, reputation, cashfl ow and future prospects. 9 well maintained and self-contained housekeeping cabins one of which doubles as manager’s quarters. • Exclusive details on A rare opportunity and must-see,Come live the dream! Western Canada’s Done Deals CComeome ffeeleel thethe Magic,Magic, MayneMayne IslandIsland BC!BC! • Get the inside scoop with expanded coverage of sold properties NANAIMO EXCLUSIVE OFFERINGS 44 bed-21 bath 134600 sq ft of R6-multifamily land townhouse rental buildings Ocean views in upscale neighbourhood 46767 sq ft of R8 multifamily land up to 29 approved units Redevelopment potential Project marketing in place Individual meters $989,988 $4.2 Million 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 WESTERNINVESTOR.COM *Personal Real Estate Corporation www.jaydeleskie.com 97 Commercial Street,Nanaimo, BC, V9R 5G3 A28 WESTERNINVESTOR.COM | SEPTEMBER 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 PROPERTY  723 s. f. full retail space  1,000 s. f. professional office space Investment with immediate return 4,226 s. f. formerly a community college, and future potential. with all leaseholds remaining, use as is or Current lease with excellent owner will change covenant to September 30, 2019. Location for success NOI $180,585 per year or 7.22% LEASE $12 to $20/SQ. FT. TN CAP Rate on Offered Price.

HIGH PROFILE RETAIL/OFFICE HIGH PROFILE RETAIL High profile 2 floor Retail Office Building approx. +/- 11,000 sq. ft.  612 to 2289 s. f. office 1,490 sq. ft. retail space   Outstanding exposure on main 860 to 1,500 s. f. retail Excellent exposure, close to Cottonwood Mall north/south artery, 36,793 cars per  Downtown location Visible from HWY 1 day. Quick possession  FOR SALE  Quick possession avail. Building 20 years young, excellent LEASE FROM avail. LEASE FOR Plenty of onsite parking $2,500,000 condition, elevator, onsite parking. $9.50 to $10/S.F.TN Plenty of onsite parking $14.00/SQ. FT. TN Share Sale preferred.

RETAIL/OFFICE SPACE RETAIL/OFFICE SPACE DOG GROOMING BUSINESS BUSINESS WITH PROPERTY  806 s.f. retail/office Prime retail space with high Located on high traffic exposure and with some of SALE: corner lot the highest traffic counts in the Chilliwack area SALE:  $849,900 Well maintained  Up to 4,280 sf retail space on $36,900 LEASE Close to many apart- LEASE FROM lower floor HOPE, BC ments & condos 540 to 5,364 office 2nd floor $9.50/SQ. FT. TN $4.00/SQ. FT. TN  Turnkey dog grooming and shampoo business  Own and operate the very successful Bee’s Food located adjacent to veterinarian RETAIL/WAREHOUSE HIGH PROFILE RETAIL  Market on main street of Hope. High traffic Sardis location Includes: business, commercial building, a 3 bed  800 to 2,825 sq. ft. 1,720 sq. ft. space All lease holds and equipment near new residential suite, fully fenced yard & loading area Steady clientele with opportunity to expand and Prime retail/ Located in densely Property in excellent condition and well main- receive referrals from veterinarian warehouse space populated East Chilliwack tained  Be your own boss. Onsite parking Ideal for: doctors, dentists, walk-in clinic, pharmacy,  LEASE FROM High profile corner LEASE retail etc. INVESTMENT PROPERTY RETAIL/OFFICE BUILDING $10.00/SQ. FT. TN Storefront $10.00/SQ. FT. TN Onsite parking

HIGH PROFILE RETAIL ~ BUY OR LEASE SALE SALE $949,000 Lease from 1,400 to 5,866 sf $1,395,000 2 Strata Buildings from 5,802 to 5,866 s.f. FORECLOSURE Located on busy main road, high visibility  Wide range of options Located in the center of the No. 1 growth area in High profile location. One of a kind Chilliwack, 1 blk to Canada Education Park & Garrison Constructed circa 2000, featuring a rustic look Commercial property contains separately metered 10 x 2 bdrm & 1 x 1 bdrm, plus shared laundry facili- complementing the District of Kent's desire for SALE FROM $1,279,000 ~ LEASE FROM $9.75/SQ.FT. ties a pioneer style appearance in Agassiz.

Present use is non-conforming to current P2 Zone, The property opens onto 2 major roads. WAREHOUSE WITH OFFICE RETAIL/WAREHOUSE possible rezoning to C2 Zone  Asking price below replacement cost. MEDICAL STRATA UNITS - 3 UNITS Ideal location for a medical related business 3 blocks from Chilliwack General Hospital Bldg has a pharmacy, elevator & onsite parking Join other successful medical professionals Priced well below replacement cost 3,427sq. ft. warehouse space with office 2,267sq. ft. warehouse space with 1,155  located in industrial area just off Yale Rd. W. office space located in industrial area Prime business location  High end finish. Very practical and useable 12 x 14 roll up door, 20’+ ceilings Unit 201 - 3,067 sq. ft. SALE $234,900 industrial space Shared fenced compound Unit 301 - 721 sq. ft., SALE $59,900 Lease for $12.00/s. f. TN Lease for $11.00/s. f. TN 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. www.rayyenkana.com (listing details) $4,900,000 Clayton Development site! 2.42 Acres of clean level land with no easements etc. Services are only a few blocks away. WE HAVE QUALIFIED INVESTORS 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 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 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 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] FRANKLIN JACKSON MARRIOTT TOWERS INTO CENTRAL SURREY For Sale Self-Storage Facility Development Property HOTELS RISE IN WEST | 10 Development Lot Innisfail, Alberta Abbotsford, BC Langley, BC ‚ 218 inside units, 406 RV spaces Fully rented 4-plex, in OCP for: ‚ 1.13 acres, serviced on 26.32 acres ‚ Multi-unit residential development ‚ C2 zoned for retail & multi-family ‚ Three-bedroom home property ‚ Clean environmental ‚ New construction & hwy exposure ‚ 19,000-sf lot (±20,000 sf) buildable Asking: $3,650,000 Asking: $4,950,000 ‚ OCP Urban 2 – Ground Oriented Ken Kiers* & Asking: $1,250,000 Don MacDonald, CCIM Dan Goldstrom (NAI Advent) Ken Kiers* 604-514-6824 604 209 2222 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 • SEPTEMBER 2017 • VOL32/9

PETRONAS BAILS | 8 NORTH SHRUGS AS LNG STALLS Drilling and pipeline action continues despite cancellation of liquefied natural gas export plant

DUSTAN WOODHOUSE RECREATION | 10 COAST, SKI HILL MORTGAGE RULES DRAW BUYERS Sunshine Coast FREEZE MOBILE- oceanview lots and Baldy Mountain ski hill deals HOME OWNERS may excite investors REFINANCING HASSLES | 6 CONTENTS Full index 3 The Numbers 4 Post-Petronas 8 Recreation 10 Alberta report 12 Franchise report 14 Saskatoon 16

PUBLICATIONS MAIL AGREEMENT 40069240 0 9 0 6 0 3 5 8 1 8 2 9 1 9

Read online at www.westerninvestor.com B2 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | SEPTEMBER 2017 Corporate Own your OWN MECHANIC/TIRE Shop! Accord Realty Oliver, BC FOR SALE LTD.

KELOWNA AREA: Columbia Gardens Apartments - Revelstoke Rivers Edge Apartments - Revelstoke • Income producing • Income producing 44 Kelowna: Fully Occupied Hwy. 73 unit, 4 building unit, single apartment Retail/Offi ce Building on 3 ac, complex building 5.4% cap, 74,469 rentable sf, • 7.5% Cap Rate on • 7.1% Cap Rate on Projected 2017 Net Projected 2017 Net 24 tenants & 205 parking stalls Income Income • 4 Bay FULL Mechanical and Tire Shop • Offered via conduct • Offered via conduct designed by the owner, who is soon retiring. of sale of sale Price: $11,795,000 Price: $6,395,000 • Turn key business, includes building and land. Fully Leased Four Plex in Kelowna Income Producing Apartment Buildings • Zoned M2 – Heavy Industrial • Fully leased income • 2 bldgs w/ 26 rental $17,500,000 • Situated on .52 acre producing four plex units in the heart of • Units have been Downtown Kelowna Kelowna: • Industrial, steel frame building constructed Fully Occupied in 2000, Measures 48’x96’. renovated • Rents below market, Retail/Offi ce Building on 1.3 ac, • Upside potential 25,552 SF in unused • Approx 1150 sqft (2 bedroom) apartment through surplus land FAR 5.2% cap, 17,000+ rentable sf, located on the level above the offi ce area. Price: $1,195,000 Price: $4,990,000 6 tenants & 55+ park. stalls, • Main fl oor has an offi ce, reception, $5,375,000 washroom area & employee facilities. 2700 Richter St. Kelowna, BC V1Y 2R5 • Mezzanine within the shop. Merritt: Fully Occupied Low • Very clean and has up to date equipment. T (250) 712-3130 Rent Shopping Mall, 5.4% cap, F (250) 860-1600 Priced at $1,695,000 plus stock E [email protected] 24,000+ rentable sf on 1.8 ac, 80% national tenants For more detailed information, HMCOMMERCIAL.COM $3,600,000 please contact us at Macdonald Realty Kelowna [email protected] or West Kelowna: 3250 sf Retail call 250-498-9487 Building on 1.25 ac with Hwy frontage and room to expand $1,750,000 soniadhaliwal.com 604 725-7605 Downtown Kelowna: 5076 sf PERSONA L R E A L E ST A T E CORPORA TION 10 ACRE ESTATE ORCHARD PROPERTY PRODUCTIVE FARM IN A GREAT full building on 7131 sf lot Vineyard Land $1,495,000 WITH 3 SPACIOUS FAMILY HOMES LOCATION CLOSE TO TOWN

PETER BOUCHARD, B. Comm 72 acres vineyard 250.470.9551 [email protected] landSOLD in k r STEWART DUNBAR, Dipl. MMRE Personal Real Estate Corporation CALL FOR EXCLUSIVE 250.718.8775 [email protected] VINEYARDS & ORCHARDS LISTINGS CorpAccord.com Accelerating success.

50th Street NE Salmon Arm Louie Dr & Bering Rd Westbank 804 Innes Ave S Cranbrook 6708 87A Ave Fort St. John CLUB SHUSWAP GOLF & RV RESORT DEVELOPMENT OPPORTUNITY NEW LISTING FREESTANDING INDUSTRIAL BUILDING

117 acre golf and rv resort featuring 167 approved High profile site, 6.771 acres with excellent 10 acre residential/mixed-use site in Southern For sale or lease, 16,538 sf industrial building RV lots, 3 houses, clubhouse, driving range, 27 visibility from Hwy 97. Adjacent to Superstore and Cranbrook. Max density potential of 133 single with warehouse & office. 7+ acres, secured yard, hole golf course, 18 hole putting course. other major shopping centres. Chris Wills family lots. 4 drive thru bays and drive thru wash bay. Personal Real Estate Corporation Jack Shabbits $4,900,000 Chad Biafore $8,200,000 Murray Wills $1,500,000 Chad Biafore Eric Weber Murray Wills Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation

19-364 Lougheed Road Kelowna 366-368 Bernard Ave Kelowna 9015 Jim Bailey Rd Kelowna Solar & Delray Rd West Kelowna BUSINESS WITH BUILDING INCOME PRODUCING OPPORTUNITY INVESTMENT OPPORTUNITY Two fully occupied, back-to-back fourplexes off Elliott Rd. 8 units total, ±1,320 sf two level with 2 bdrms & 2 bthrms and rear balcony. Redevelopment play. $1,698,000 1878 - 1882 Chandler St Kelowna Profitable, well respected woodworking business Income producing retail property in the 300 block 6 fully leased office units with warehouse space Investment Opportunity - Fully occupied four unit and building for sale. Includes industrial building, of Bernard, leased to successful Asian restaurant. totalling 13,500 SF GLA on 1 acre with fenced duplex on .21 acres in the Capri-Landmark area. business and all fixtures & equipment. Room for expansion on 2nd floor. yards. Newly constructed in Spring 2017. Jack Shabbits Contact Listing Agent Murray Wills $2,175,000 Perry Freeman $3,200,000 Peter Taillon $1,195,000 Chad Biafore Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Kelowna +1 250 763 2300 | Kamloops +1 250 372 7000 | www.collierscanada.com INTERIOR B.C. | ALBERTA | SASKATCHEWAN | MANITOBA

Contents | SEPTEMBER 2017

COLUMNS & FEATURES FEATURES

BELTLINE LOOSENS The Numbers 4 12 Our monthly snap stats on the numbers that matter Industry report warns that Calgary’s Beltline Petronas pulls plug on LNG plant 8 office market will face But northern locals too busy to be surprised higher vacancies for at least another year Two sleeper recreation markets 10 Sunshine Coast, Baldy ski hill awaken investors ASIA FRANCHISES MOVE IN 14 Henri William of Indonesia’s Holy Crab is among a wave of offshore restaurant entrepreneurs arriving in B.C. ADVERTISING DIRECTORY SASKATO0N SURPRISE 16 Interior B.C. 2-7 Four new towers, Northern B.C. 7-11 including a 22-storey Alberta 11-15 office skyscraper, set to Saskatchewan/Manitoba 16-19 change the skyline as $300M project fires up MORE OPPORTUNITIES SECTION A Lower Mainland, B.C. and Vancouver Island COVER FEATURE Mortgage broker Dustan Woodhouse says new insured-mortgage rules will adversely affect manufactured homes 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 RREDUCEDEDU

100 Mile House Motel Highway 16 – Burns Lake Cache Creek, B.C. North Okanagan Opportunity • 26 Unit Motel on Highway 97 • Liquor Store & Pub with Land & Buildings • 45 Units On The Trans-Canada Highway • 32 Unit Howard Johnson on 1.8 Acres • Excellent Revenue Solid Net Income • Walking Distance to Shops / Restaurant • Excellent Liquor Store Volume • Includes Excellent Liquor Store • Many Recent Upgrades • Excellent Consistent Income • Easy Access Location with Great Parking • Swimming Pool • High Volume Pub and Restaurant • Operated by a Manager! 3 Bedroom Suite • Building is in Excellent Condition • 10 Kitchenettes • Excellent Access and Exposure on HWY 97 Asking $1,250,000 - Call Larry Asking $1,298,000 $1,150,000 - Call Larry Asking $2,398,000 - Call Larry Asking $3,398,000 - Call Larry CED RREDUCEDEDU

Kootenay Motel Osoyoos, BC Highway 16 Vanderhoof Radium Hot Springs • 35 Plus Unit Motel • Waterfront Motel on Lake Osoyoos • Very Successful + Profi table 14 Unit Motel • Excellent 22 Unit Motel Near National Park • Lease Income. Nice Amenities • 22 Units, 18 Face the Lake • Only 2 Owners Last 40 Years • Spacious Owner’s Living Area • Above Average Income Summer / Winter • Beautiful Decks and Setting • Roof and Bathrooms Redone 2012 • Beautiful Outdoor Pool and Hot Tub • Excellent Location – Walk to Restaurants • Same Owner for 18 Years Retiring! • Excellent 3 Bedroom Home • 3 Hours from Calgary! Beautiful Area! Asking $1,989,000- Call Larry Asking $2,058,000 - Call Ron Asking $789,000 $749,000 - Call Ron Asking $ 1,049,000 - Call Larry

CED RREDUCEDEDU

Elkford Opportunity Historic Wilderness Lodge Southeastern BC Motel Highway 16 Motel • Easy to Operate Liquor Store! • Located at Wells Gray Park • 40 Plus Unit Motel • 29 Units in Excellent Repair • 22 Motel Units, Pub and Leased Restaurant • 33 Rooms, Restaurant and 13 RV Sites on 20 acres • Breakfast and Meeting Rooms • Consistent year round Business • Low Competition Setting and Very Busy! • Destination Resort for Primarily European Tourists • Restaurant Area and Lease Space Available • Separate House and Over 5 Acres! • Excellent Coal Town in East Kootenay Area • Revenue & Profi tability Showing Good Growth • Excellent Low Completion Setting • Excellent Return! Don’t Delay! Asking $2,480,000 - Call Larry Asking $2,898,000 - Call Ron Asking $1,599,000 - Call Larry Asking $1,998,000 $1,890,000 - 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 | SEPTEMBER 2017

LEADING TRENDS | THE NUMBERS Our monthly BANK OF CANADA snap stats showing leading trends 0.75% OVERNIGHT affecting western real estate LENDING RATE estern Canada’s hotel sector is firing on all cylinders thanks to Wincreased demand from both do- mestic and international investors in major Commercial and industrial real estate Building permit values markets such as Calgary and Vancouver. Canada’s lodging market provides foreign Office vacancy rate* Industrial vacancy rate† Vancouver $784 million investors with an attractive, steady flow Vancouver 6.9% 3.0% Calgary $385 million of capital thanks to stable political and Calgary 27.7% 9.3% Edmonton $383 million legal environments, according to Colliers Edmonton 20.6% 8.5% Regina $86 million International. Colliers’ 2017 Canadian Hotel Regina 13.3% 3.2% Saskatoon $74 million Investment Report states Canada’s hotel Saskatoon 16.1% 7.6% Winnipeg $256 million market recorded $4.1 billion in transaction Winnipeg 9 . 5 % 4.0%

value in 2016 and is on track to exceed $3 *NOTE: ALL STATS ARE FROM Q2 2017 EXCEPT FOR SASKATOON OFFICE AND INDUSTRIAL RATES billion in volume in 2017. SOURCES: COLLIERS INTERNATIONAL Q1 2017 *DOWNTOWN VACANCY RATE SOURCE: STATISTICS CANADA, JUNE 2017 “2017 is shaping up to be another banner one for the hotel industry,” said Robin Mc- (all types combined)* Luskie, vice-president, hotels, for Colliers Total monthly retail sales Apartment rental vacancy MLS home prices International. “We expect foreign capital to keep flowing into our borders. We an- B.C. $7 billion Vancouver 0.7% Vancouver $1,019,400 ticipate annualized supply growth to reach Alberta $6.8 billion Calgary 7.0% Calgary $443,600 between 1.5 per cent and 2 per cent in the Saskatchewan $1.7 billion Edmonton 7.1% Edmonton $383,624 next two to three years. Hard-hit energy Manitoba $1.7 billion Regina 5.5% Regina $306,800 markets are rebounding, setting up these Saskatoon 10.3% Saskatoon $309,600 regions for increased activity.” Winnipeg 2.8% Winnipeg $285,231 Revenue per available room grew 5 per *ALL TYPES OF HOMES COMPOSITE PRICE, METRO REGION SOURCE: CANADA MORTGAGE AND HOUSING CORP. SOURCES: CREA, LOCAL REAL ESTATE BOARDS AND ASSOCIATIONS AS OF JULY 2017 cent in 2016. Top-line revenues in Canada SOURCE: STATISTICS CANADA, MAY 2017 RENTAL MARKET REPORT, OCTOBER 2016 have grown by nearly 22 per cent since 2011, according to Smith Travel Research. Historically, Western Canada average Labour Hotel market snapshot per-room prices have trended higher than 2016 2017 those in Eastern Canada. However, limited Unemployment rate Average weekly wage supply coupled with the oil recession in the 200 Prairies has caused transaction activity to B.C. 5.3% $940 slow in the West. Alberta 7.8% $1,120 “Continued declines in operational per- Saskatchewan 6.6% $1,004 150

formance in energy-linked markets in- Manitoba 5.0% $915 $155.24 $149.35 $148.55 $147.85 cluding Calgary, Edmonton, Regina and SOURCE: STATISTICS CANADA, JULY 2017 SOURCE: STATISTICS CANADA, MAY 2017 100 $141.49 $136.84 Saskatoon impacted hotel valuations in $112.39 $109.55

2016; however, values are expected to sta- $86.03 Resource sector 50 $79.60 bilize in 2017,” the report states. $77.52 $75.69 Foreign capital accounted for 67 per cent Gold Copper Oil Natural gas of total transaction value in 2016, or $2.75 billion. Canada’s low dollar is expected to $1,291 $2.90 $47.92 $2.93 continue to draw in foreign investment, per ounce per pound WTI/per barrel per gigajoule Vancouver Calgary Canada Vancouver Calgary Canada Average room rate RevPAR (revenue per available room) primarily from mainland China. ■ SOURCE: NASDAQ – Tanya Commisso ALL PRICES IN U.S. DOLLARS; PRICES AS OF AUGUST 14, 2017 SOURCE: HVS LODGING OUTLOOK 2017 Q1

INVESTMENT PROPERTIES FOR SALE P 250-372-1232 | www.CMLPROPERTIES.ca BUSINESS ADVISORY PRACTICE 604 683 7535 naibusinesses.ca

$1,830,000 Ψϯ͕ϭϬϬ͕ϬϬϬ

Businesses For Sale – Central Interior BC ` Heating & Machine & Restoration Plumbing Fabrication Services ϲϱϭͲϲϱϵsŝĐƚŽƌŝĂ^ƚƌĞĞƚ͕<ĂŵůŽŽƉƐ KůĚ<ĂŵůŽŽƉƐ&ŝƌĞ,Ăůů͕ϭϮϱϰƚŚǀĞŶƵĞ Business Business Company ` In business for over ` In business for over ` Family owned operation ZĂƌĞŽīĞƌŝŶŐ >ĂŶĚŵĂƌŬďƵŝůĚŝŶŐ 15 years 30 years ` Experienced team of ϮƐƚŽƌLJĐŽŵŵĞƌĐŝĂůďƵŝůĚŝŶŐ ǁŝƚŚĚƵĂůĨƌŽŶƚĂŐĞŝŶƉƌŝŵĞ ` One of the largest ` Custom machining, professionals handling hearth dealers in Central fabricating & welding cleaning and restoration ŝŶĚŽǁŶƚŽǁŶ<ĂŵůŽŽƉƐ ĚŽǁŶƚŽǁŶ<ĂŵůŽŽƉƐůŽĐĂƟŽŶ Interior BC ` Consistently profitable projects ` Business continuously ` 24-hour emergency Long term tenants KĸĐĞͬƌĞƚĂŝůŵŝdž ` Limited regional growing competition service Building upgrades throughout Basement storage ` Revenue: $2,400,000 ` 5-Year Average EBITDA: ` Revenue: $850,000 ` EBITDA: $500,000 $450,000 Underground and exterior parking stalls džĐĞůůĞŶƚĞdžƉŽƐƵƌĞ ` Includes $600,000 'ƌŽƵŶĚŇŽŽƌƌĞƚĂŝůĂŶĚϮŶĚŇŽŽƌŽĸĐĞƐ ϮϲƐƵƌĨĂĐĞƉĂƌŬŝŶŐƐƚĂůůƐ inventory ` Price: $1,300,000 ` Price: $1,500,000 ` Price: $575,000 ĂƐĞŵĞŶƚǁŝƚŚĂŵƉůĞƐƚŽƌĂŐĞĂŶĚůŽĐŬĞƌƐ Fully leased – great revenue Alf Sanderson* Delon Cheung* DĂƩtĂůůŝŶ͕͘Žŵŵ͘ ƌĂŝŐDĐ/ŶƚLJƌĞŽƌWŚŝůDĂƐŽŶ 604 691 6646 604 691 6654 [email protected] [email protected] 250-372-1232 ext.102 250-372-1232 ext.103 250-372-1232 ext.114 *Personal Real Estate Corporation *Personal Real Estate Corporation

ŵĂƩΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ ĐƌĂŝŐΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ ƉŚŝůΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ SEPTEMBER 2017 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | B5

FRANCHISE HOTEL FOR SALE, CENTRAL BC Development Permit for BUSINESS AND INVESTMENT OPPORTUNITIES 97 Townhouses • Commercial Building - Kamloops Peachland BC Setup for 3 tenants - REDUCED to $549,000 11.34 ac, breathtaking lake views, walking distance to City Centre & Okanagan Lake • Established Machine Shop Very profi table-owner retiring-$1.75 million $6,200,000 MLS 10129281 • 3 Business Opportunities in One Lake View Development 84 acres on South Thompson River - Kamloops - Consisting of very productive hayfi elds plus a vineyard West Kelowna BC and gravel pit - 5 bedroom, 3 bath residence. Operate Proudly presenting “Quality Inn & Suites” in Quesnel, Central BC for Please contact Phase 3 & 4 on 10.32 ac, projected for 59 lots one or all of these opportunities. This property has water sale, located within one of B.C.ʼs fastest growing communities. license and is subdividable. Priced at $1.5 million John Yun $3,950,000 MLS 10131475 - 83 Guestrooms (28 Kitchenette, 7 Executive & H/M Suites with Jacuzzi) on 1.9 Acres Cell: 604-500-4339 DWIGHT VOS - Well maintained and regularly upgraded, renovated and kept in pristine condition. [email protected] Silvia von Deichmann - Ranked 2nd of 15 hotels on TripAdvisor (Certifi cate of Excellence in 2015 & 2016) phone: (250) 554-4511 250-869-0101 - Strong, steady, uprising income stream since major renovation & re-branding in 2012 251 Harvey Ave., BEST-WEST REALTY LTD. KAMLOOPS Kelowna, BC V1Y 6C2 - Asking Price: $5,500,000 (Share Sale) [email protected] Each offi ce is individually owned and operated email: [email protected]

OKANAGAN – B.C. INTERIOR FORECLOSURE SALE! KAMLOOPS, BC & AREA 56 Seat Restaurant Kamloops INVESTMENT OPPORTUNITIES

OBILE OME ARKS M H P EExcellentxcellent Salmon Arm New Listing - Golden 880%0% fi nnancingancing aavailablevailable • 12 Sites on 2 acres ● 1st time on market in 30 years! $$2,100,0002,100,000 • Quiet rural setting ● 69 Sites on 12.0 Acres Sunny Osoyoos, B.C Excellent business open 6am-4pm Monday to Friday and • 10 minutes to downtown ● Town sewer & water 6am-3pm Saturday. Closed Sunday. Statements show very well. $199,000 for Business • Full occupancy ● Close to all amenities • Shows +/-6.2% return ● Shows +/-7.1% return Previous Hwy. Maintenance Building • Price $525,000 ● Price $1,675,000 7.1% Return! West Kelowna ● 110 Sites on 20.9 Acres ● Native Lease Land 4200 sq.ft. steel building with shop, lunch room, offi ce, ● Community Water ● Full Occupancy Westridge Inn & Pub 2 washrooms, 3 phase power, 4 other storage buildings, • 32 room motel / offi ce/ residence corner lot. 3.38 acres, 580 feet highway frontage, fenced ● Net Income +/- $$280,000 ● Price $2,050,000 14% Return! • Huge Pool, hot tub, garden patio with electric gate. OK for dwelling unit also. Great condition. • All motel rooms have been renovated, Barriere BC. $575,000. Call for more info OSOYOOS - PRIME DEVELOPMENT SITE new beds, linens, window coverings 4 Plex Barriere BC CLOSE TO LAKE • Detached 2 storey home rented $1300/mth ● 2.13 Level Acres only 250+/-Ft. from Osoyoos Lake • Modern pub – full kitchen built 1993 ● Corner Site - Frontage on 3 Roads • Liquor license - 130 capacity, food ● Zoning allows variety of Tourist Commercial uses license - 70 capacity ● OCP allows CommercialSOLD Residential Multi Family • Licensed patio, meeting room, ● Subdividable into 10+/-Lots offi ce/suite, turnkey operation 4 - one bedroom units, electric heat. Each unit has its own hydro Price $1,050,000 BBestest llocationocation iinn ttownown – Juunctionnction HHwywy 3 & 9797 meter, new roof, 2 have been renovated, other 2 in good condition. Each unit has its own balcony, 1/2 acre lot. $324,900. Bill Robertson See our website for photos VADIM KOBASEW 778-437-2555 Cell 250-408-9779 MARVIN & JESSICA MATT C OMMERCIAL REAL ESTATE SPECIALIST [email protected] [email protected] [email protected] 250-490-7959 / 1-800-567-6770 KAMLOOPS REALTY LTD. call 1-250-319-8784 [email protected] RE/MAX PENTICTON REALTY, PENTICTON, BC www.realestatekamloops.ca

#219-1980 Cooper Rd, Kelowna | naiokanagan.ca Sales, Leasing & Property Management

4400 & 4600 Canoe Beach Rd, Salmon Arm ‚ 8.75-acre development site: two adjacent parcels of 3.75 acres and 5 acres ‚ R-4 zoning allows for 40 units per hectare Penticton Motels Asking: $999,000 68-Room Motel For Sale For Sale 8259 & 8280 Wallace Road, Vernon ‚ Located in downtown Penticton 557 & 567 Clement Avenue 844–852 Crowley Avenue, Kelowna ‚ Two 40-acre parcels ‚ Okanagan Lakeside, steps to beach & 1215 St. Paul Street, Kelowna ‚ 5,240 sf office/shop with newer 1,815 sf ‚ Subdivision potential into 5-acre parcels Asking: $5,900,000 ‚ 3 lot land assembly in Kelowna’s residential suite (4 bedrooms) above ‚ 10 minutes to Silver Star Mtn Resort and Downtown, total lot area of 16,590 sf ‚ I-4 Industrial Zoning City of Vernon 46-Room Motel with Many Upgrades ‚ C7 zoningUnder allows Contract for 21,972 sf mixed- ‚ 3 legalUnder lots with largeContract fenced yard storage ‚ 8259 Wallace Rd backs onto BX Creek ‚ Located in downtownSOLD Penticton use development and secure vehicle gate ‚ 8280 Wallace Rd offers valley & lake views ‚ Okanagan Lakeside, steps to beach Asking: $4,500,000 Asking: $2,295,000 Asking: $1,190,0000 8259 Wallace Rd: $799,000 3369 & 3373 Old Okanagan Hwy, W. Kelowna 8280 Wallace Rd: $999,000 26-Room MotelSOLD ‚ 2.84 acres of leasehold land Tim Down Asking: $1,300,000 ‚ Multifamily Residential High Density 250 864 9140 Business with Property developmentUnder site Contract [email protected] ‚ Salmon Arm Go Karts & Mini Golf ‚ Holding income from house & small shop ‚ Located on the Trans-Canada Hwy For Sale or Lease Asking: $1,069,000 9110 & 9120 Main Street, Osoyoos Asking: $589,000 9415 & 9419 Spartan Drive, Osoyoos 1340 St. Paul Street, Kelowna ‚ Mixed-use development opportunity Restaurant Asset Sale Rare 730 feet of prime development ‚ Solid concrete block building totaling ‚ ‚ Comprehensive Development zoning ‚ #104-3466 Carrington Road, W. Kelowna 8,000 sf lakeshore on Osoyoos Lake allows for 237 Residential units & 45,000 ‚ Turn key operation Asking: $2,100,000 or $16 psf, net ‚ 1.913 acres over 3 individual parcels sf of Commercial Asking: $168,000 Mike Geddes* ‚ Sewer and water available ‚ ±450’ of lake frontage 250 878 6687 ‚ Town of Osoyoos supportive of Asking: $2,995,000 Philip Hare [email protected] development for low density projects 778 214 2150 *Personal Real Estate Corporation Asking: $3,250,000 250 868 1879 [email protected] B6 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | SEPTEMBER 2017 Mortgage rules stall mobile-home owner refinancing COVER | Brokers warn that owners of manufactured homes – and others – who need mortgage insurance are now restricted on financing options

purchases, he said the key is that By FRANK O’BRIEN buyers, their real estate agents and [email protected] mortgage brokers should be aware of the restrictions they will face if they plan on refinancing. here are approximately 183,000 owners of manu- Tfactured homes in Canada Intended consequences and all of them have been banned from accessing refinancing of Evan Siddall, president and CEO their homes. of CMHC, makes no apologies for Recent government actions out- what many say was a government lawing the refinancing apply to all measure that had unintended homeowners, but owners living in consequences in adversely affect- manufactured-home parks will be ing the very people who most need the ones most affected. help with housing costs. Siddall “The overwhelming majority said there was no mistake. of mortgage lenders financing Mortgage broker Dustan Woodhouse: “the federal government flat out eliminated refinance options for tens “Some critics now accuse us of mobile homes [from chartered of thousands of Canadian families.” | CHUNG CHOW overlooking the ‘unintended con- banks, credit unions or mortgage sequences’ of our actions. In fact, finance companies] require mort- applies to all property types.” by CMHC, thereby prohibiting fee as well. But that was the only the results of these policy changes gage insurance. This mortgage But, as Woodhouse notes, it is any of those properties from being option.” were fully intended,” Siddall said insurance is required in just shy owners of manufactured homes eligible for refinancing. Joel Olson, a DLC mortgage in a 2016 Globe and Mail column. of 100 per cent of transactions and others on the bottom fringe Several brokers are already re- broker in Kamloops, B.C., has “These changes will both reduce involving a mobile home,” noted of the housing market, that will porting cases where their clients also had clients refinance at 12 per home buyers’ ability to borrow Dustan Woodhouse, a mortgage be most affected. have tried to refinance only to cent and pay a $4,000 fee because and increase lenders’ funding broker with Dominion Lending “They did not take a measured find it wasn’t possible, or they “that was the best and cheapest costs. We expect mortgage rates Centres in Coquitlam. step and reduce the refinance from are having to use private lend- option of everybody out there.” to increase modestly in response. But last October, the federal gov- 80 per cent of the property value ers that don’t fall under the same He added that the restrictions Our government-backed mort- ernment banned the three main to say 75 per cent, or even 65 per government regulations as the aren’t unique to mobile homes, gage funding has encouraged insurers in Canada, Canada Mort- cent. Instead, in one stroke of the mainstream lenders. but can also include small condos some unhelpful mortgage-lending gage and Housing Corp. (CMHC), pen, the federal government flat Joe Tomkins, a mortgage broker under 550 square feet, homes on activities. These business models Genworth and Canada Guaranty, out eliminated refinance options with DLC Canadian Mortgage leased land, homes built using will have to change since govern- from backing any kind of residen- for tens of thousands of Canadian Experts in Nanaimo, B.C., said alternative building methods, etc. ment should not be supporting tial refinance transaction. families,” he said. several of his clients have already “To be very fair to a private lend- lending that threatens our eco- “As a result of Department of Rotondo notes that “ lenders may been forced to use a private lender er … they realize that the ability nomic stability. Finance changes, government- continue to refinance on a con- in order to refinance, but at a much for them to resell that home in the “The resulting delay in when backed mortgage default insur- ventional [uninsured] basis”, but greater cost. case of default is now very small people can purchase their first ance is no longer available for Woodhouse and other brokers say “A client of mine had to re- and so their risk increases quite home, or their decision to buy a refinancing properties of any the interest rate on such loans is finance for personal reasons and a lot as well,” he noted. “They do smaller home, rent or stay put, is type,” explained Jonathan Roton- much higher than what is available they needed to get equity out of have a higher default on mobile rather a small price to pay. And do, a senior media relations officer with insured mortgages. their home,” he said. “It had to homes … but that’s still a very tighter lending standards will with CMHC. “There is nothing in An RBC spokesman confirmed go to an MIC [mortgage invest- small number.” limit price increases, ultimately the rules that is unique to manu- that it requires all mobile homes ment corporation], and it was 12 Tomkins noted that while there’s making houses more affordable,” factured homes – this change to have default insurance issued per cent and included a very high nothing preventing mobile-home Siddall concluded.■

DEVELOPERS ALERT ! PRIME DEVELOPABLE LAND FOR SALE WEST KELOWNA IN THE BEAUTIFUL OKANAGAN B.C.

Select one of the following opons

single-family Single Family Hwy Commercial Waterfront Dev. mul-family Serviced 6 lot Single Family sub-division on Cull-de- Highway Commercial property across CIBC, 13.1 acres Comprehensive development at sac in quite area. Lot sizes from 0.4 to 0.65 acre. Walmart and others. 2.5 acres incl 6760 sf build- Okanagan Lake. Close to Hwy. Bring your ideas commercial Make a package deal. Asking each lot: $180,000 ing plus addions. Asking: $2,600,000 hotel resort, marina etc. Asking: $20,000,000 retail

light-Industrial

waterfront

marina High-density Single Family Commercial Retail

21.23 acres SF high density lakeview develop- golf course Fully serviced Single Family 0.652 acre Lot in a quite Commercial retail property beside Superstore ment close to shopping. Currently campground area in West Kelowna. Close to amenies and and strip mall. 0.98 acres. Ideal for mini storage. row-housing & duplexes. Asking: $17,000,000 schools. Asking: $300,000 Asking: $750,000 Sage Executive Group Real Estate Bert TerHorst | 250-317-7346 | [email protected] www.KelownaCommercialRealEstate.ca Tatjana Stepanec | 250-863-5960 | [email protected] SEPTEMBER 2017 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | NORTHERN BRITISH COLUMBIA | B7

Commercial Spaces for Sale or Lease FAMILY PLUMBING & Sparwood B.C. 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 INVESTMENT OPPORTUNITY is a thriving hub and profi table business. Comfortable 3 the area. Household repairs to commercial installations, Douglas Fir Rd. Sparwood B.C. 2800 29th Street , Vernon they do it all. Th ere are currently 8 full-time plumbers, bedroom accommodation, with large garage and fenced #739 - $750,000 8700sq’ on 1.01 acres featuring ● Offi ce/Retail 14000 sq. ft. building ● National Tenant yard included. Additional 10 lots adjacent to this site plus admin and support staff in place. Sheet metal shop several Offi ces, conference room, lunch room and 5 ● Current Net Annual Income $138,875 ● 80% occupied are also available as a separate purchase. included. Trade name can be included. mechanical bays ● Potential Net Annual Income at Full Lease Up $184,641 $549,500 + Inv. MLS 2423888 $399,000. MLS 2422532 $1,999,000 MLS# 10132182 Financial package on both of these busineses is available to qualifi ed individuals. #617 - $6000 (lease) 2/3 acre lot with 2400sq’ build- ing, 20’ceilings 14’ door, offi ce area Stewart Pearson Nelson, Call Lorne Westnedge #735 - $290,000 ($2800 lease) 1738sq’ on ½ acre [email protected] British Columbia 250-505-2606 lot with building. Currently rented on month/month. Cell: 250-308-9760 Toll Free: 1-800-667-2040 www.nelsonrealestate.com or toll free 1-855-352-7252. #733 - $350,000 ($2800 lease) 3300sq’ on ½ acre RE/MAX RHC Realty [email protected] lot. Building can be Used for 1 or 2 businesses. 3 Commercial Solutions Each Offi ce Independently Owned and Operated large overhead doors, offi ce and lunch area. Little Acres Mobile Home Park AAstoundingstounding bbusinessusiness opportunity!!opportunity!! 6210 Lower Elk Valley Road, Sparwood B.C. PUB FOR SALE Purchase this established, profi table Oliver, BC and highly successful health and fi tness business and be your own $850,000 boss. Fitness West has been built from the ground up over 20 years to Sale includes 1.0 Acre Land, Updated Olde 15 pads, 5 Park owned homes become one of the most successful English Style Building, High Quality Equipment, (The Park could be bought without the homes) Owners Suite and Business included! gyms in the interior of BC and now There is one well with good water, and 7 septic’s we offer you the opportunity to The road is paved, all electric services are 100 amp. Call or email for details: 250.809.1893 continue this success and lead the Pad rent is $250/mnth. Park is 2 acres in size. lifestyle of your dreams. or [email protected] $799,900 Business only Rick Pater MLS 163591 Broker / Owner Call John Kristian PREC Elk Valley Homes Wine Capital 250-425-5432 Independently Owned Re/Max Vernon 250-549-4161 [email protected] [email protected] and Operated Realty www.sparwoodrealestate.ca

2 OKANAGAN LAKE DEVELOPMENT SITES

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 - 2.15 irr acres with domestic water, installed septic & power on property - 2.15 irr acres with domestic water, installed septic & power on property 69 Kestrel Place - $539,000 83 Peregrine Way - $900,000 - Approximately 205 ft of water frontage with shower house on lot. - Approximately 170 ft of water frontage with shower house on lot. - Lot is level with mature landscaping/trees, & communal dock access - Lot is level with mature landscaping/trees, & communal dock access 1.4 acre development parcel zoned R5 to build up Ten acres of development land in Canadian - RV hookups currently on site-perfect for year-around custom - RV hookups currently on site-perfect for year-around custom home to 12 townhomes. Lake view and lake access. MLS Lakeview, zoned R5. Great views of Okanagan home or recreational get-away or recreational get-away # 10129617 Lake. Beach access. MLS # 10128013 - Spectacle Lake is over 310 acres with exceptional fi shing, boating, & wildlife - Spectacle Lake is over 310 acres with exceptional fi shing, boating, & wildlife www.donkassa.com Don Kassa [email protected] 250-549-4161 Remax Vernon

6 MONTHS FREE RENT ON APPROVED LONG TERM LEASE! Industrial Building for sale: HIGH traffi c location on HIGH VISIBILITY HIGH TRAFFIC and right Industrial Shop: 2.25 fenced acres of industrial Alaska Hwy with a 1540 sq ft building on .4 beside the new Peterbuilt shop. Along land, building size is 3400 square feet with Location with Highway Frontage! 11,700 sq.ft. building. 10,000 sq.ft. shop Acre lot. Existing Business has European highway 2 and close to the airport this 3.4 2400 shop and 1000 square ft of offi ce on with 4 drive through bays, and 1,700 sq.ft. offi ce space. Fenced and trained Baker that has many loyal customers acres of industrial land is all stripped, shaled main level. Up there is a large living area with secured 1.675 acres is ideal for large trucks, storage and parking. from far & wide. For more information or to and fully serviced which makes it ready to offi ce/accommodations, kitchen, laundry, and discuss other possibilities call the listing build on. Priced at $799,000, call listing broker bath. Shop has 16 foot high door and in fl oor Priced @ $2,100,000.00 or $16.00 P.S.F agent. Priced @ $310,000.00 for more info. heating. Priced @ $6000.00 mo For Sale The most desirable heavy industrial Fantastic Business opportunity: Very For Sale or Lease Brand New Shop: On .35 acre this shop has 2 commercial lot in Dawson Creek. This lot has profi table and well run Dollar Store with More. bays 65 feet deep, 560 sq ft offi ce area and a one it all, High visibility and accessibility that is Long term lease in place, owner is prepare to bedroom suite upstairs. Doors are 14 feet high, second to none. The lot has been stripped and Offi ce Building Located in downtown Dawson shaled down to the clay base. You would be train new buyer. Priced @ $300,000.00 Creek this 7950 sq ft offi ce building has an open 400 amp 3 phase power, in fl oor heating, bathroom settling if you chose any other lot in Dawson offi ce concept with secured paved parking lot. with shower in shop. Priced @ $20.00 P.S.F Creek. This lot is also sub dividable and owner Priced @ $895,000.00 or $12.50 P.S.F. 6.15 and 4.237 Acres of Development Land Industrial Shop! With fenced 2.5 acres. The would be open to the RIGHT build to suit. Call in Dawson Creek. This land is highly visible listing agent now for more info before your 9676 Sq. ft. Commercial building - on .97 of main building has a 1,053 sqft offi ce and 3,887 competition wins this spot! $1,890,000.00 to all traffi c from Alberta border, close to an acre on a high traffi c area of 8th street sqft warehouse/workshop area. Steel frame the airport, and directly across from major in Dawson Creek with ready access to all Downtown Core: Commercial building with building has a 5 ton bridge crane with a 70’ Fantastic opportunity! Situated on 157 acres retail & hotel development. The C3 Highway regional main highways. 1476 Sq. ft. of offi ce span, 2 overhead doors (16’ & 18’). There is at Mile 2 of the Alaska Highway this property 3905 sq ft on the main fl oor, 3320 sq ft on Commercial zoning allows for anything from space, 3800 Sq. ft. of Retail/Warehouse and an additional 2,019 sqft heated shop building comes with a 1 yr old 12,800 sq ft truck shop with the 2nd fl oor and an 1750 sq ft unfi nished carwash/ service station to hotel I motel to storage space and the remaining 4400 Sq. ft. is 4- 100ft drive thru bays, 2,400 sq ft on offi ce and basement. Main fl oor is leased out. Priced @ on the property with concrete fl oors and a 16’ retail, auto sales and much more! Excellent 5 bays of shop area. The shop also includes a 2 sleeping units each with 3 pce baths. Other $259,600.00 overhead door. Priced @ $15.24 P.S.F improvements are 640 sq ft guest house, 2400 sq development opportunity. wash bay. Priced @ $799,000.00 or $10.00 P.S.F ft barn, 1863 sq ft animal shelter, a portable offi ce Motel in Dawson Creek: With many long Prime offi ce location: 1456 sq ft offi ce space with attached garage. Beautiful building site with term tenants in the fully furnished suites and High Traffi c, High Visibility, Excellent For Lease in one of Dawson Creek fi nest offi ce buildings, all the services in. ( previous residence burnt a steady line up of current in town workers. Access and a rail line running through the on 8 street across from Wal-Mart. Drive thru Great Industrial Shop! Situated on 3.236 down ) This is truly a one of a kind opportunity A loyal cliental streaming into the tanning commercial property!! This desirable property potential. Priced @ $2,000 mo to run your home based business and build your business which has newer equipment! Invest is situated on Alaska Hwy just off one of the shaled, gravelled and fenced acres. 5,400 SqFt dream home at the same spot. $1,494,800.00 wisely in this turnkey established business. busiest intersections in Dawson Creek. The shop with a 1,300 SqFt offi ce. The shop has four Great Location - Located on a Main road Priced @ $750,000.00 approx. 10,200 sqft of heated, 12,200 sqft of 16ft overhead doors with two more 16ft doors through Dawson Creek this 1722 sq ft building Investment opportunity in Chetwynd: 2400 sq ft on the end of the shop. Priced @ $18.00 P.S.F is situated on 2 lots zoned C-4, a great location former liquefi ed gas bulk sales station has had Downtown Hair Salon: 1880 sqft building cold storage space on 4.32 acres makes for your business. an enviro assessment, has long term Tenants for sale with beautiful curb appeal and high this a perfect location to incorporate your Priced @ $15.00 P.S.F High visibly lot on Highway 2 - Total of 7,249 currently willing to negotiate with a new owner walk in traffi c volume. Business includes hair new business venture. This is one of the few sq ft with 2,876 sq ft offi ce and 4,373 sq ft shop. and is situated on two great lots with perfect salon stations and 2 tanning beds as well as large parcels on Alaska Avenue. Lots of room access and parking. 2 large bays, 2 separate numerous other equipment. Currently a busy for expansion. There is a long list of zoning 8 offi ces, boardroom, 3 bathrooms. Secure store fronts, A secure compound, and a hair salon with multiple stations. Seller is usages that this gem can be used for. Don’t compound, electric gate, paved parking, and separate storage garage. Priced @ $249,000.00 open to many options. Priced @ $399,000.00 loose it to your competitors! excellent signage. Priced @ $16.50 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 | SEPTEMBER 2017 Northeast solid even as Petronas pulls LNG export plant FEATURE | Interest and activity in northeast B.C. remains high as focus shifts to alternatives

players in the oil and gas industry. By TYLER NYQUVEST “[The pipeline] being built by [email protected] TransCanada has an additional three processing plants that are n ominous cloud has been under construction worth $2.5 cast over the multibillion billion in capital infrastructure A-dollar LNG industry in costs. They will be built and on- northeast B.C., but local residents line early 2018.” say the resource horizon remains Bumstead said that companies bright. like Arc Resources Ltd., Tourma- After the August announcement line Oil Corp., Crew Energy Inc., that Malaysia-based Petronas and Encana Corp. have all ramped would be pulling the plug on its up production. $36 billion Pacific NorthWest “I think what we need to start LNG project, many residents echo shifting toward is getting the gas the same sentiment: that the pro- out through Washington state and ject had been overhyped and that, looking to that direction,” said on the ground, things are busier Bob Zimmer, member of Parlia- than ever. ment for Prince George-Peace “In the north, where the gas is Crews set up a natural gas drill rig in the Montney region of northeast British Columbia. | SUBMITTED River-Northern Rockies. being drilled and produced and The biggest issue in B.C., ac- primary processing is taking natural gas reserves at close to the area remains high. over budget. cording to Zimmer, is a faltering place, we are seeing an upsurge in 52 trillion cubic feet. “The oil and gas market is hav- In Dawson Creek, the senti- reputation. activity related to pipeline expan- ing a lot of work happening with ments of high activity levels are “I think the biggest concern for sion. There is a lot of work going pipelines and drilling, gas plants the same. me is that it is not setting a cli- on,” said Bob Fedderly, northeast Real estate are being built, there are some “Dawson Creek is sitting on mate of confidence in B.C. for the businessman and owner of Fed- capital upgrades going on be- a less than 1 per cent [residen- resource developers, that’s what I derly Transportation Ltd. Mitch Collins, a commercial in- tween pulp mills just outside of tial] vacancy statistic right now; am more concerned about,” said “A lot of people that are working vestment realtor in the north- Fort St. John.” there could be 100 units available Zimmer. in the industry hadn’t bet their east, admits that although the Nevertheless, he said, the con- rented by tomorrow. There is no “It is already tough, regulatory- last dollar on [the project] going real estate market is slow in Fort fusion brought about by industry place to stay in Dawson Creek,” wise, to establish resource de- ahead because it wasn’t a sure St. John, it is the product of a pre- trends and political volatility has said Collins. velopmental projects, and this thing.” vailing trend and should not be inspired skepticism in the market. “Our community is very busy,” just gives [developers] one more Petronas will continue to de- reflective on what is happening “From a sales side, people are said Dale Bumstead, mayor of reason not to come to B.C.” velop holdings in the Montney with the LNG industry. opting to rent at the moment until Dawson Creek. “There are lots Nevertheless, the Montney region and will work with B.C.’s “From a sales standpoint, the some of the political uncertainty of projects going on like infra- formation’s natural gas reserves new NDP government to continue market has been slow in Fort St. has dissipated. Nobody really ex- structure builds for processing continue to be a shining beacon to foster its natural gas assets in John for the last couple years,” pected an NDP-Green coalition to plants and pipeline. There is a for residents. northeast B.C. The assets were said Collins. take power, and now that it has, huge amount of construction “In the energy sector, for oil- gained in 2013 when Petronas ac- “Right now there are more list- the threat of them shutting down feeding the natural gas [sector].” sands and liquid-rich natural gas, quired Alberta’s Progress Energy ings on the market than we’ve Site C is weighing on everyone’s As for other projects in the area, it is probably $50 billion in invest- Resources for $5 billion. historically ever had, so we are mind.” Bumstead cites the Towerbirch ment. Of that $50 billion, likely Petronas currently has the pretty much at an all-time high The Site C dam project is cur- Expansion Project as just one ex- $30 billion is going into natural second-largest position in B.C.’s for listings.” rently under review and has ample of ongoing employment gas and the liquid rich compon- Montney formation. The com- Collins is quick to point out that spurred criticism because of es- that exemplifies the continued ent of natural gas,” said Mayor pany estimates its potential while sales remain low, activity in timated project costs going far interests of various big-name Bumstead.■

For Sale in Dawson Creek: FORT ST. JAMES INDUSTRIAL Development opportunity with Cash Flow • 28,642 sq ft quality building on 5.36 fenced acres, cranes, Lot & house $148,500.00 sprinklered, paved parking. $2,900,000 Add’l lots $139,900.00 with over • 21 Acres close to downtown onHwy 16 E. $599,000 16,000 sq.ft. of prime C-2 land • 18,683 sq ft warehouse on .88 acre $839,000 or $5.50 net • 4514 sq ft light industrial/retail, great location $8.50 net • 119 acre gravel pit with 600,000 m3 of good quality gravel $1,300,000 DEVELOPMENT LAND 603 Algoma • .42 acre building lot withSSOLD cityOL servicesD $89,000 • 8.15 acre with city services, subdividable $119,000 30 TOWNHOMES • 10 acres, 570’ of Hwy 97 SouthSSOLDOL frontageD close to city $150,000 • 3 acres with Hwy 97 South frontage $115,000 475 Stuart Dr. E • 2 acres on North Nechako Road $29,000 1600 sq.ft. basement + 2 levels • 160 acres in city with 6300 m3 of timber $189,000 All units 3 bedrooms, 1.5 bathrooms BUSINESS OPPORTUNITIES/OFFICE/RETAIL New metal roofs, new vinyl windows Rents $750.00 per month, some units • 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 rent for $900 per month. 1299 3rd Avenue • 2.89 acre C6 with 19,406 sq ft former auto dealership in city $3,900,000 2 extra acres of land zone MF • Retail/Offi ce strip, 19,800 sq ft , L12D tenants, 6.7% cap $2,100,000 To build more units SSOLDO • 6000 sq ft of quality accessible downtown offi ce $6.00 net PRICE $995,000 • 148 acres with 1360 acre woodlot $275,000 ING More info... • 350 acres SSALEwithAL E1448 PENDINGPE acreND woodlot $325,000 calgaryhomesweethome.com ED SCHWARTZIN Cell 250-996-1071 HANS JOHANSEN KIRK GABLE [email protected] 250 960-9339 250 981-3535 403.829.5949 [email protected] [email protected] [email protected] SEPTEMBER 2017 | WESTERNINVESTOR.COM NORTHERN BRITISH COLUMBIA | B9

RON RODGERS NORTHEAST BC REALTYLtd. OWNER / MANAGING BROKER Email: [email protected] Phone 250 785 4115 NEBC is located at NEBCRealty.com BCNCC MLS® 2011 thru 2016 TOP COMMERCIAL Realtor 10220 101 Ave. Specializing in Commercial Real Estate Fort St John BC V1J 2B5 ® ©2015 TOP DOLLAR &/or MOST NUMBER OF UNITS SOLD for BCNREB MLS

30,640sf Building on 4 Acre Former O’Brien School FOR SALE 0.706 Acres COMMERCIAL LAND Currently zoned P1 Institutional This rare opportunity is located close to INVESTMENT For Sale Kin Park, Dawson Creek Library, DC Secondary School, Skateboard Park, OPPORTUNITY Great location to develop your retail or commercial Dawson Creek Curling Rink, & more. business location Surrounded by Totem Mall, Great ASKING $1.79 Million Fort St John, BC Canadian Oil Change, WalMart, MLS® 166295 Boston Pizza, A&W and highway frontage hotels 10500 13 Street Dawson Creek BC 39,375sf Light Industrial ASKING $679,000 MLS® C8013862 building on 2 Acre lot at intersection of 4,800sf Shop on For Sale 3985 shop Light Industrial Shop on Tahltan Road - 111 Street 1+/- Acre Industrial Lot along Grandhaven Road 2 Acres of Industrial Land 1300sf+/- office space consisting Currently leased along Grandhaven Road - just west of of; 2 - 9’ x 11’ offices, Rona and minutes to downtown city 12’x 13’ manager office, Long term lease in place that was

7’ x 14’ front counter and recently renewed amenities. Easy access to 11’ x 26’ common area with REDUCED Alaska Highway. kitchen counter & 2 washrooms ASKING $979,000

Warehouse consists of 2 areas; 26’x 38’ parts and storage with 12’ x 12’ overhead door and MLS® C8013474 man-door leading to 44’ x 38’ shop with hoist, drain and 12’ x 12’ overhead door leading to Building has 6 offices, shop with back yard. overhead 14'x14' overhead doors and mezzanine with additional office, lunch room and storage. 1600sf cold storage building at rear of lot surrounded by fenced compound area. Partially paved parking area and fenced yard. ASKING $865,000 MOVE IN NOW!!! MOVE IN THIS SUMMER and BE READY FOR WINTER MLS® C8013475 NOW ASKING Multi - Tenant Multi - Use Complex Land & Building $7.4 Million LAND FOR SALE i 3,376sf main building (tenants) - kitchen facility ready for café MLS“ C8010783 4.5+ ACRES LIGHT INDUSTRIAL Was asking $7.7 Million i courtyard has several kiosks (1,486sf) REDUCED NOW ASKING $869,000 i 1,518sf barn style building with manager suite City services at property line, currently level, bare and leased! Great Opportunity to add to your Investment Portfolio Excellent development or investment holding property for future development. REDUCED NOW ASKING $279,000 MLS® C8007073 Was Asking $399,000 In the Hub of Chetwynd, BC MLS“ N4507518 Was Asking $1.798 Million FORT ST JOHN, BC LAND FOR SALE LAND FOR SALE Excellent Investment INVESTMENT PROPERTY INVESTMENT PROPERTY

Fort St John BC Professional Center 150’x120’Commercial Lot 4.55 Acre Light Industrial INCOME PRODUCING 15,000sf building Fenced with metal storage on site Alaska Highway Popular go-to entertainment night club in the city LAND & BUILDING CORE DOWNTOWN FSJ access great visibility leased to medical related fields Light Industrial located in 7500sf building on 0.66 acre. Centrally Asking $2.2 Million Asking $795,000 10,400SF SHOP-WAREHOUSE Asking $485,000 located in city center, offers a MLS“ 157608 Dawson Creek, BC ON 4.76 ACRES MLS® C8007129 MLS® C8003641 Leased - 5 yr with 5 yr option TURN-KEY BUSINESS OPPORTUNITY

Asking $2.35 million 0.576 Acre 83.4’x159’ LOT High Density Multi-Res MLS“N4507464 FORT ST JOHN BC Commercial Lot ASKING $2.2 Million Development Land corner lot by highly used traffic Asking Includes; business name & telephone number, circle. Retail Strip Mall, daycare, Asking $289,000 social media &promo material, kitchen & bar equipment, DEVELOPMENT OP office...all needed in the area! MLS® C8011156 office & club furnishings & some decor, liquor license with Income INCOME PRODUCING (subject to BC Liquor transfer approval), PLUS club service shuttle 150’ wide x 143’ Asking $749,000 450’x150’ Downtown 1.13 Acres Fort St John, BC vehicle 2008 Ford 350. Inventory to be negotiated MLS® N4506822 Commercial Lot near newly HIGH DENSITY MULTI-RES with back lane access developed office buildings MLS® C8013087 2 Townhouses 8 two story units Call Ron to arrange viewing Please do not discuss with staff. Excess Land can be further developed with & city services 2 Acres Asking $134,900 No access will be granted during business hours. additional high density multi-family housing. Zoning permits future development 26’x34’ home with a 6’x9’ MLS® C8000963 Note: Two Year Non-Disclosure/Confidentiality Agreement Light Industrial Land required prior to provision of detailed information. REDUCED NOW ASKING porch currently on lot with with potential rail access $1.48 Million $800/month lease on a BC Rail Subdivision City Services at lot month-to-month basis

Asking $1.1 Million (rent includes utilities)

MLS® C8005001 Asking $439,000 Also Available For Lease MLS“ N4507485 MLS“C8011378 Was Asking $1.65M

BUSINESS OPPORTUNITIES in NorthEast BC BUSINESS OPPORTUNITIES in NorthEast BC Land, Home, Owners’ retirement plan is your OPPORTUNITY ! 30 MAN INDUSTRIAL CAMP Shop, Modulars 9 truck water delivery over 25 years of providing a 14.63 Acres necessary service to the area! Share Purchase. Light Industrial Land Annual Revenue in excess of $1+ Million Wonowon BC REDUCED NOW ASKING $990,000 MLS“ N4507327 ASKING $750,000 Frozen Yogurt And Treats Light Industrial Land along Alaska Highway Located in busy Fort St John Totem Mall just off Alaska Highway Price includes 2 Engineer Shacks, Shanco Camp, Support Unit Asking Price includes over $400,000 in lease space, furnishings & equipment, assum- (office and 4 sleepers negotiable). Lagoon & Cistern system set up for camp use. able lease in FSJ Mall, existing programs & more! Half Section of Land Was Asking $348,000 - Out of town owner motivated to sell! MLS“C8013280 Call Ron for more information out of the ALR & leads to the Beaton PLEASE DO NOT DROP IN ON OPERATIONS CURRENTLY ON SITE River - Imagine working from home while NOW ASKING $288,000 MLS“C8012020 enjoying scenic trails excellent for 10+ Acres along FOR SALE quading, horse back riding, or hiking in LAND, HOME, SHOP Alaska Highway Fort St John, BC your own back yard! 6000sf 2431+/-sf 2 story home Fenced acreage - 3000+sf two story home (circa 1998) Land Home & Light attached 30'x28' garage attached 2 car garage. 5 bedrooms, 4 bathrooms, formal dining Buildings Industrial 36'x60' fully heated shop along with & living room divided by 3-faced fireplace, front porch,

34’x50’ Industrial Shop, 1600sf Shop, Shop 2 - 8'x12' sheds for housing tractors, Man-Made fish pond. RV and horse trailer parking, on 4.5 Acres equipment & storage for all the "toys". horse shelters and pasture

5280+sf Home with Indoor MOVE IN NOW 2 modular trailers included in asking Pool & 23’x17’ Office, PLUS AND BE READY 2,400sf shop with second floor space that could be used for FOR WINTER! price (rental income) 16’x76’ Modular (income producer) office, secondary suite, storage (framed & ready to convert)…on almost 1500sf Barn & More! Asking 10 acres of land $1.49 Asking $1.988 Million Call Ron for more information Asking $1.6 Million Million 24 hour notice required for viewing ASKING All Viewings by appointment with Realtor MLS ® R2179441 C8013115 MLS“ $1.48 Million MLS ® C8008160-R2105619 Fort St John Fort St John C8007840 MLS ® R2089480 Call Ron for detailed info Fort St John

IF YOU ARE LOOKING FOR COMMERCIAL, RETAIL OR INDUSTRIAL LEASE SPACE, CALL RON RODGERS FOR OPPORTUNITIES IN THE NORTH EAST BC AREA Information is not intended to solicit properties already listed for sale, or buyers already under contract. All measurements and information is believed to be accurate but not guaranteed and should be verified. B10 | NORTHERN BRITISH COLUMBIA WESTERNINVESTOR.COM | SEPTEMBER 2017 Two sleeper markets to wake recreational investors in B.C.

RECREATION | An emerging ski hill close to Vancouver and a Sunshine Coast oceanview subdivisions may represent low- Oceanview half-acre building lots at Pender Harbour Landing on the Sunshine Coast start at $150,000. cost, big-gain potential | ROYAL LEPAGE SUSSEX

the typical detached house on the Three lots have already sold and Coast sells for around $564,000, there were conditional offers on By WI STAFF less than a third of the price in two others as of August. [email protected] the Metro mainland. The remaining lots, at around The house price gap between 5,200 square feet, are priced from ’s new NDP government the ferry dock on the Sunshine $80,000 to $110,000. The ski-in, BChas pledged to cut fares Coast and the one in West Van- ski-out lots are ready to build on, on the Lower Mainland-Sunshine couver is now $3.1 million, mak- or investors can hold them for Coast BC Ferries routes, dropping ing the 35-minute ride worth future construction. all fares by 15 per cent and bring- about $90,000 a minute. Linwood normally provides de- ing back free passenger service While waterfront prices in sign work and building packages for seniors three days a week. Gibsons and Sechelt on the Sun- to lock-up stage. “It will make a difference,” said shine Coast easily top $1 mil- Client cans then either hire a Teresa Sladey of Royal LePage lion, a 40-minute drive to Pender contractor to complete the fin- Sussex in Madeira Park, not- Harbour opens visitors to less ishing or do it themselves, ex- The Baldy Mountain Resort ski hill, east of Vancouver in the South ing that the majority of buyers expensive recreational property. plained Mount Baldy spokesman Okanagan, has slope-side building lots from $80,000, with ski-in of recreational property in the Pender Harbour Landing, an Scott MacKenzie. cottages for less than $200,000. | BALDY MOUNTAIN RESORT Pender Harbour area of the Coast on-going oceanfront develop- The Linwood cabins are from are from the Metro Vancouver ment, has fully serviced half-acre expected this fall, the vehicle receivership by a group of B.C. 800 square feet to 1,800 square region. ocean view building lots from fare would drop to $45.90 and the investors for $3.4 million two feet and prices range from The reduced ferry fares are $150,000 and one-acre parcels adult passenger fare to about $14, years ago. The new owners are $61,500 to $130,000, so an in- expected to help awaken one of for less than $200,000. according to B.C. Transportation now getting their real estate vestor could buy a lot and ski the sleeper recreational real es- “Sixteen of the 39 lots have Minister Claire Trevena. packages to the market in prep- cabin for around $150,000 to tate markets of British Colum- sold,” said Sladey, noting that aration for the 2017-18 ski season. $250,000. bia, though recent price hikes a prime 2.5-acre waterfront lot And, based on comprable B.C. Baldy Mountain Resort re- may have already alerted some is still available at $1.7 million. Baldy Mountain ski resort prices, Baldy may rep- opened last season and had 100 investors. The current BC Ferries fare resent a bargain for recreational per cent occupancy for the few Housing prices on the Sunshine between Horseshoe Bay, West Baldy Mountain Resort in the real estate buyers. rentals at the resort. The resort Coast increased 20.8 per cent in Vancouver, and Langdale is $54 South Okanagan, close to the So far, nine fully serviced lots does not have an official rental July from a year earlier, com- for standard-size vehicles and U.S. border and Osoyoos Lake, are offered, all with the option pool, but a local owner will act pared with a 1.9 per cent annual $16.50 for adult passengers. and less than three hours from of having a Linwood Home ski as a rental property manager, increase in Metro Vancouver. Yet After the 15 per cent reduction, Vancouver, was bought out of cabin built on them. according to MacKenzie. ■

CONCEPT FLOOR AND KITCHEN CENTER LTD. Turnkey Business Opportunity FOR LEASE CLASS “A” OFFICE BUILDING – an Icon of City of Vanderhoof, BC 4730 Keith Ave. Terrace BC in BC’s Northwest: 192 W. Steward Street, Vanderhoof, BC • Excellent location right beside Hwy 16 ADVERTISE WHERE in Terrace INVESTORS ARE LOOKING • Nearly $2,000,000 in average annual sales • Approximately $200k in equipment, assets and inventory • Future economic upside with proposed LNG projects, new hospital and college improvement projects • Local area offers numerous outdoor recreation opportunities; 5,035 sq. ft beautifully set up offi ces by former tenant Synergy on 2nd hunting, fi shing, camping & hiking Floor available at $10/sq ft plus CAM $6/sq ft. In addition, 3 BR suite with BUSINESS FOR SALE: MLS# C8012329 kitchen & full bath for $1,200/mo. Approx. 3,247 Sq. ft storage space in basement for $1,500 per month. Rates negotiable based on long term lease. RE/MAX Coast Mountains Terrace Ideal for large corporations and government agencies because Building has DARRYL lots of upgrade in HAVC, modern elevator and handicapped accessible. 604.669.8500 Phone: 250-641-6104 or 250-683-1400 TOLL FREE 1.800.661.6988 For more information, please contact Vincent Nguyen: 604 970 2713 WESTERNINVESTOR.COM STEPHENS [email protected] or email: [email protected]

Pouce Coupe: PRINCE GEORGE AND AREA 6000 sq ft +/- well designed 5 year old metal clad building with 1 acre fenced yard. www.pgcommercial.ca 3400 sq ft +/- of shop with 3 (14’) high doors plus 2400 sq ft +/- of offi ce GEORGE Redfern River Lodge - Business FOR SALE WEINAND Located on spectacular 52 mile long 5 bathrooms, loads of 3 phase power 250-960-9556 Eutsuk Lake. The lodge is permitted PPouceouce CoupeCoupe - OnlyOnly 3.23.2 milesmiles [email protected] to fi sh 15 lakes and 4 rivers with Entrance off Hwy 2 – great sign visibility world class fl y fi shing. This is the ffromrom DDawsonawson CCreekreek AirportAirport only lodge in North Tweedsmuir ROD CALL TO VIEW: Much lower property taxes then Park, giving you a very unique Dawson Creek McLEOD opportunity to experience this Maude, MacKay & Co. Ltd 250-961-3325 remote area. Don’t miss this one in ANDREW MARKUS $13.50 per sq ft + NNN [email protected] a lifetime opportunity to own a little 604.802.4753 piece of heaven on earth. [email protected] MLS 167355 THINK REAL ESTATE... The Best Investment on Earth SEPTEMBER 2017 | WESTERNINVESTOR.COM NORTHERN BRITISH COLUMBIA | ALBERTA | B11 TERRACE, B.C. FOR SALE 97 UNIT MOTOR INN Clinton Manor Asking $2,100,000.00 28 unit mixed 1 bedroom and On 2.13 acres in downtown bachelor suite units Full upgrades MMOOSEOOSE MEADOWSMEADOWS RVRV PARKPARK just completed- Clean and Quiet Long Prince George, restaurant, term tenants - 3 additional city lots. EEDSON,DSON, AALBERTALBERTA – MLSMLS 4117341173 ample paved parking, Amazing setup, located down the Golf Course Road (RR172) 400 5021 Keith Ave feet south of Edson Town Limits. 22 fully serviced sites, year-round needs some updating. $289,000.00 water/septic/and metered power plus 6 sites with water for the self 1/2 acre M1 light ind zoned powered camper! 15 & 30 Amp Power, Wireless Internet. Also a 2001 Price: $3,700,000 Front and rear access and 20x76 SRI Custom Mobile and 32x32 garage. Offi ce with separate excellent offi ce space. entrance. Two wells, two 200 AMP power services. Running at full capacity but has year round loyal clientele. Unlimited potential for Hwy 16 East further development of RV Storage area and subdivision potential. HANS JOHANSEN KIRK GABLE $179,000.00 250 960-9339 250 981-3535 1/2 acre C3 commercial zoned Hwy 16 frontage for your [email protected] [email protected] business. 3310 River Dr. RROYALOYAL BBANKANK BBUILDINGUILDING $849,000.00 EEDSON,DSON, AALBERTALBERTA – MLSMLS 4266942669 1/2 acre zoned Industrial with 2014 home. 50X80 shop 16’ ceiling, 400A Revenue property, anchor tenants. Situated on busy corner in 3 Phase power Backs onto Hwy 16 Edson at the lights on 2nd Avenue (Yellowhead Hwy 16 and frontage - PACKAGE DEAL!!! 50th Street). 9750 sq.ft. lot. Main fl oor completely leased and second fl oor with 2 leases in place and four more offi ce spaces 40 acre Old Remo Road of various sizes available. Major renovations over the last 4 years $230,000.00 OBO including new roof, HVAC upgrades, bathrooms upgrades, offi ce Minutes to down town Terrace renovations and paint on second level. Info pack available. Prince George. BC. Motel 45 rooms + 2 bed Terrace BC Full Service Hotel Profi table with owners suite. Yearly sales $ 340k, planned high volume sales from: rooms, beer and wine OWNER WANTS IT SOLD - Yvonne Bayley expansion to 58 Rooms Attention new motel store & restaurant. Over 5 Acres. One of top open to offers. Associate Broker builders & developers! Price $1.9m hotels in town. 11.5% net cap rate. Price $4.6m Call DAVE MATERI PREC Cell: 780-723-1406 RE/MAX Coast Mountains Terracerrace Off: 780-723-3100 250-615-7225 [email protected] www.Davemateri.ca Desirable Offi ce/Retail/Warehouse IDEAL FOR SMALL BUSINESS! 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

8224 93 St & 9308 82A Ave. 202, 10343 - 100 Ave Nicely upgraded offi ces of approx. 1040 sq. ft. includes board rm with Second fl oor offi ces available in the professional building of kitchen facilities & large washroom, air conditioned. Retail/display area MacAdams Law Corp. A total of 2988.50 square feet which could be has double glass doors with a 8 X 14' roll down security door, 3 pce bath. demised to two lease spaces. Large windows provide lots of light, The warehouse has 2 service bays with 541 sq. ft. of mezzanine & one shared washroom and coffee facilities. Space is air conditioned. drive through wash bay all with 14 X 14' O/H doors. Chain link fenced yard Good signage visibility and street appeal. 6 rear parking spaces w/swing gate. 3 phase power. Front exterior nicely fi nished with custom stucco and concrete. Double entry paved driveway, all situated on 0.6 acre. available for the complete lease space. Brandon. MB Motel 87 Units w/restaurant. AB Hotel 45 Rooms, leased restaurant. 2 acre $1,250,000 - MLS# C8011394 MLS#: C8002311 - $14.00/ Sq. Ft. + NNN 2 acres land. Room rev $1.3m + $30k leased land. Town in booming natural gas region. 100% Class A Executive Offi ce Building Prime Investment Opportunity 65% fi nancing. At core city, pending franchise. renovated in and out, ready to shift to fl agship Revenues keep growing yr. by years. Price $4.5m operation. Good fi nancing available. Price $4.5m

10707 - 101 Ave 10711 - 91st Avenue Built by the award winning W L Construction this well appointed, Prime investment opportunity in Fort St. John, B.C. Showing a tastefully fi nished building offers wheel chair accessible, large windows 7.63% CAP rate this 14,000+ sq. ft. building offers 3 units and a dramatic south facing staircase. Main fl oor conference area, ample with 3 - 5 year triple net leases in place with strong covenants. Kamloops BC Townhouse, 16 units, 3 bedrooms, Northern AB First time on Market Yearly $200k reception desk and waiting room, open layout with perimeter offi ces and This building has undergone extensive renovations in the last few years fully fi nished basement. Attached Garage with overhead door & 2 pce to accommodate the tenants requirements. Now is the time to full occupancy. 3 Storey Building on 3/4 Acre. sound rental income plus 30 room motel $500k bathroom with direct access to the basement offi ces. Large paved parking capitalize on this investment and forecast for even a stronger rate of Net income $130,000. Possible strata develop. to $700K w/low overhead. Option w/owners to front and back, shared extra parking lot available for additional charge. return in the future. Clean environmental and survey completed. Price $2.55m run truck stop / Gas station. Price $3.5m $21.00/ sq. ft. + NNN - MLS# C8013452 $2,800,0000 - MLS# N4507145 PRIME EXPOSURE Industrial Shop/Offi ce Space

GP. Alberta 60+ rooms, needs minor repairs. Chilliwack Bowling Alley 24 Lanes, 80 Seats 10128 - 100100th h SStreet B, 10503 - 89 Ave Motel runs w/absentee owners since 2007 costs Pub, 4 Rental Retails, 3 Bedroom Penthouse, Opportunity knocking with this retail building located in the Attractive & highly demanded 3600 square foot attached shop was $4m+. Restaurant triple net lease $60,000. 40,000 sqft, 3 storey concrete building. downtown central business district. Consists of 3 separate rental available for lease. Main offi ce & reception area, 2 pc bath and Coin laundry. Price $2.6m Quick sale Price $3.3m units, two of which are occupied on a month to month basis, 2000 3000 sq ft of shop with 2pc bath offering 2 bays with one being a sq ft is vacant. Bsmt is home to a long standing hair salon and the drive-through bay to the rear fenced storage yard as well as side rest storage. Building is in good condition. The perfect building to access to yard. Shop has 14' overhead doors & radiant heat. Must run your own business and gain income too. have confi rmed appointment, no drop-ins please. Contact: John, C Nam $649,000 - C8006441 $15.50/sq. ft. + NNN - C8012980 Direct: (604) 805-9131 Kathy Miller Mike Ellerington Personal Real Estate Corporation Email: [email protected] www.mikeellerington.com www.bugkathymiller.com Coldwell Banker Westburn Burnaby, BC Canada 250-785-5520 250-794-1511 [email protected] [email protected]

WESTBURN REALTY B12 | ALBERTA WESTERNINVESTOR.COM | SEPTEMBER 2017

Alberta | WHAT’S HAPPENING Office space loosens in Beltline

Alberta’s largest city. expected the development will Calgary forum William Briscoe, CEO of attract more retail to the St. Canderel MDC Development Albert Trail. looks ahead Management, and Michael “It’s not surprising for the Brown, president and CEO of developer to come forward Calgary Municipal Land Corp., with a proposal to have resi- will discuss bellwether de- dential mixed with commer- velopments that are reshaping cial. We’ve shown the way,” Calgary’s future. Mayor Nolan Crouse told the The Calgary Real Estate St. Albert Gazette. Forum chair is Darryl Schmidt, vice-president, national leas- ing, with Cadillac Fairview Party in the Corp. He promises an “infor- Helima Croft to speak at mation-packed forum” that parking lot will help real estate profes- forum. | SUBMITTED The Calgary Parking Authority sionals and investors deter- (CPA) is looking at other ways Registrations have opened for mine their business strategy of making money from its fa- the Calgary Real Estate Forum, for 2018 and beyond. Mount Royal Village-West is expected to open in Calgary’s Beltline next year. cilities, which are seeing less held October 26 at the Telus For information on regis- | BARCLAY STREET REAL ESTATE parking demand these days. Convention Centre – and a full trations for the 19th annual The city-owned agency is ith nearly a fifth of its *0 per cent of the Beltline office house is expected as profes- Calgary Real Estate Forum, trying to ramp up its event space already dark, Cal- inventory. contact Gillian Wright at 403- sionals look to the future of rental business. gary’s Beltline area saw “The expectation is that tenant in- Calgary’s property market. 290-1080 or visit www.reales- W Jennifer Whitaker with the office take-up go negative by 115,000 ducements, such as [short-term] free tateforums.com. “We are expecting another CPA said there’s been a notice- square feet in the second quarter of rent, furnished space and improve- sold-out event this year, with a able drop in parking demand in this year, according to a report from ment allowances, will continue until strong line up of speakers who the off-peak hours on week- Barclay Street Real Estate. the economy improves and a sus- will kick off our morning ses- St. Albert project ends and evenings. During the second quarter, total tained demand from tenants begins sions, followed by an exciting “Our lots are not as utilized available head lease space increased to erode the large inventory of avail- luncheon keynote and ending approved as they would be during the by 112,000 square feet, which brought able space,” Barclay commented. the day with a full economic St. Albert city council has week, obviously, so what we’re the total office space available for A lack of new inventory should outlook,” said Meryl Kaye De granted Landrex the go-ahead trying to do is find creative direct leasing to more than one mil- keep a cap on the vacancy rate, Leon, marketing manager for on a new mixed-use develop- ways to optimize those spaces lion square feet, while sublease space however. Informa, the show organizer. ment on Erin Ridge North. on non-peak hours,” she said. increased to 443,000 square feet. The only pending development is Among the top speakers is The development would be The CPA’s revenue from “These conditions continue to the Mount Royal Village-West, by Helima Croft, managing dir- composed of approximately its parkades and surface lots heavily favour tenants and we an- First Capital Realty, which is sched- ector and global head of com- 140,000 square feet of com- dropped by over $4.2 million ticipate this will be the case for some uled to complete in 2018, with retail modity strategy at RBC Capital mercial floor space and 120 from 2015 to 2016. time,” the Barclay report noted. The and 30,000 square feet of Class A Markets, and a member of the residential units located either Whitaker said they’ve rented agency detected “a diminished sense office space. National Petroleum Council, above the businesses or in out some of their lots for movie of urgency among tenants.” Developer Centron Group has halt- who will speak on the future stand-alone buildings. About shoots and for farmers mar- The current Beltline office vacancy ed a separate Beltline project, Place of oil prices. 8 per cent of the site would be kets, but she is hoping to at- rate is 19.6 per cent, but it spikes to 10 that would have included twin Mary Moran, president and dedicated to park space. tract other short-term tenants 24.3 per cent for Class B space, Bar- 14-storey office towers, until leasing CEO of Calgary Economic De- The mixed-use site aims to for the “big open spaces.” clay noted. Class B constitutes half demand improves. velopment, and Jeff Fielding, blend commercial and resi- Whitaker said it’s too early of the Beltline’s office inventory. Barclay does not see any quick city manager and chief admin- dential in the type of walk- to know if the strategy will Currently, sublease space – leased Beltline tightening, forecasting that istrative officer, will present able, accessible community open up much of a new revenue offices that have been shoved back the office vacancy rate will remain in a look at a strategic vision for supported by the city. It is stream.■ onto the market – accounts for the 19 per cent range through 2018.■ Calgary Downtown National Historic District Prime Retail Space 2900 +/- sq.ft. at $32/sq. foot, net. Basement storage optional. Restored heritage building, fabulous space, exposed sandstone, fully upgraded and sprinklered. Offi ce Condo Sale, Okotoks, AB - $385,000 FFOROR SSALEALE - 2 unit condo totalling 1658 sqft, shared wash- Put yourself in the picture: arts, theaters, city hall, room, kitchen, reception area 364sqft, 681sqft currently leased (2 offi ces/boardroom/reception), Olympic plaza, museum, dining, concert halls, transit, SSpencerpencer CreekCreek 613sqft vacant (2 offi ces, and open workstation hotels, shopping and more! area). Great investment at 7% Cap when fully rented, or owner occupy all or half the space. Tri M Ventures RRanchanch Ph. 250-858-8268 or email [email protected] 403-262-8808 935 acres nestled close to the Rocky Mountains 1 hour west of Calgary. Faust Harbour Estates Woodbridge at Palisades Fronting onto the Bow River, one of Hamlet of Faust, Big Lakes County, AB Edmonton western Canada’s best trout fi shing For more information, please Rivers. Fabulous views, small lake contact the Edmonton RECEIVERSHIP SALE FOR SALE with 100’s of nesting birds & a Multifamily team. stopover for migration. For pictures MLS #C4124231 $10M

GGordonordon LackeyLackey RReMaxeMax RealReal EstateEstate • Two phase, 91 lot • Frontage onto • 112 Town home • New, high quality ((MountainMountain View)View) subdivision Lesser Slave Lake units construction [email protected] [email protected] 11-888-932-5419-888-932-5419 oorr [email protected] [email protected] [email protected]@telus.net SEPTEMBER 2017 | WESTERNINVESTOR.COM ALBERTA | B13

• CONVENIENCE STORE: Sale $1.58 mil ... $880,000 • HOTEL: Room 63, liquor $1.5 mil. restaurant, bar BUILDING FOR SALE ...... $7.5 mil. 812 11TH AVENUE SW, CALGARY, AB • GAS STATION: gas $3.1 mil, In store $1.65mil $$1,950,0001,950,000 ...... $2.99 mil. • High quality 10,000 SF building with brick and beam construction • HOTEL: Room 9+Liquor $560k+Bar $210k+VLT $50K+Leased restaurant $30k ...... $990,000 • Property has the ability to add density to the existing structure • HOTEL: (Franchise) in Lethbridge. Room 86, WEDDING AND SPECIAL EVENTS ESTATE • Excellent access to major thoroughfares given its location on leased restaurant, land 1.5 acres ...... $7.4 mil. 11th Avenue SW • STRIP MALL (4 BAY) + CONVENIENCE STORE: NEAR CALGARY, AB An Architectural Masterpiece! This 5200 sq.ft. home on 5.28 acres th th Rent Income $47,000, Sale: $800K ...... $990,000 • Situated between 8 Street and 7 Street SW, the property is at the only 40 min. from Calgary has so much to offer! 1800 sq.ft. deck, epicentre of the rapidly densifying Beltline community • MOTEL: 38 room, 30 mins from Waterton Park 16 skylights, 5 fi replaces, jetted tub, steam shower, hot tub, 2 ...... $920,000 ovens, hot water heating, 3 story elevator & electronic security For more information please call: • CONVENIENCE STORE: Calgary...... $1.25 mil. gates. The landscaping is park like with a pond and a bridge Duncan MacLean John Fisher to an elevated gazebo as well as a babbling brook. A must see! 403.750.0800 403.750.0505 Thomas Koh (CIR) ID#1100597 STRATHMORE MLS® [email protected] MRKQÀVKHU#FEUHFRP 403-680-9827 WELL ESTABLISHED PET BOARDING FACILITY [email protected] Coutts Crossing Kennels includes kennel building, Quonset, outdoor www.cbre.ca CBRE Limited horse arena, a 1400 sq.ft. bungalow, a mobile home & 80 acres of good farmland (presently used for hay). Co-op water rights. Owner WWANTED!ANTED! is retiring. ID#1100386 COUTTS MLS® FARM & AGRI-BUSINESS NEAR LETHBRIDGE, AB Commercial EEDMONTONDMONTON AAPARTMENTSPARTMENTS Farming, agribusiness, pivot irrigated land. Irrigation farm (157.5 condo units FFOROR SSALEALE Acres) with a beautiful park-like yard, 2120 sq.ft. main home, 2 rental homes, insulated shop, 60x80 warehouse, 2 quonsets, For Sale or 6 uunitsnits OOliverliver commercial grain handling system w/ 210,000 bushels of bin space. ID#1100465 COALHURST MLS® Lease 26 units Strathcona ENDLESS POTENTIAL, SSOLDOLD PERFECT FOR A HEALTH/SPA RESORT 49 units Saskatchewan Drive Unique property on 80 Acres. 6000 sq.ft. home/main building, 2 log cabins used year round, insulated shop/garage & barn. Many LD • Approx 3000 sq ft Commercial Condo Unit with Raw land in Warner Business Park SSOLDO recreational, residential and commercial possibilities. fenced compound • 4.02 Acres of fenced raw land Contact my team at ID#1100313 EVANSBURG MLS® • Excellent location in Aldersyde – intersection of Hwy 2 and Hwy 7 • Excellent location off Hwy 2 – easy access to Calgary, Okotoks, High River EEmail:mail: [email protected]@gmail.com • New steel frame building, almost full • Store front door, and 16’ overhead door at rear • Commercial truck accessible Sasha Uhryny MBA Real Estate 1-866-345-3414 AAlliancelliance RealtyRealty Inc.Inc. www.icimarket.com | farmrealestate.com RRTEC Holdings Inc 403.969.0106

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 • Oliver Development Land; 15,813 sf, zoned DC2 for 10 storeys; Brewery District; $2.5 million • 65,000 sq ft newly built plaza on 5.34 acres • 19,562 sq ft on 5.02 acres • 21 units, ten 2-bdrms, two 3-bdrms on 2.99 acres in • 75% leased with fully occupied projected income of • 2 separately titled lots Tofield; 6.3 cap $1,990,000 • Sale Price: $5,900,000 • Diversified tenant mix with 10+ year leases • Numerous parcels of residential and commercial • 8 individually titled buildings may be sold separately EXCEPTIONAL RESIDENTIAL LAND development land available in County of Leduc NISKU INVESTMENT OPPORTUNITY DEVELOPMENT OPPORTUNITY • 33,454 sq ft commercial/retail site along highway in • ±69 acres Westlock; zoned highway commercial • Leased to Triple A International Covenant • Adopted area structure plan • 58,000 sq ft on 3.53 acres [email protected] • Strategically located between Sherwood Park and the • ±7% cap rate on 2007 built facility [email protected] future town centre of Bremner [email protected] INVESTMENT OPPORTUNITIES [email protected] TRADER RIDGE, GRANDE PRAIRIE FOR SALE / LEASE / BUILD TO SUIT • Retail Building: $575,000; 11804-45 Street, HIGHWAY EXPOSURE LANDS Edmonton; ±5,955 sq ft; Development Permit in place • Grocery anchored retail land • Anthony Henday & Ray Gibbons Drive, Edmonton to allow for construction of 3 apartment suites on the • Auto Mall/Retail/Industrial development 2nd floor • 2 - 13.76 acres • +/-142 acres on NW corner of 100 Street & 132 Avenue • Commercial Zoning • Lloydminster Truck Wash: Fully automatic state of • Sale Price: $525,000 per acre [email protected] the art facility; 15,000 sq ft on 8.1 acres [email protected] [email protected] Adel.Hanafi@cwedm.com 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% annual) family, row house, duplex and low rise apartment regional and medical mix • Sale Price: $5,000,000 • Sale Price: $6,500,000 ($325,000/acre) • Sale Price: $11.6 Million Seif [email protected] [email protected] [email protected] [email protected] [email protected] EXCELLENT FRANCHISE OPPORTUNITIES 141 ACRES - SPRUCE GROVE 5.71 ACRES OF PRIME DEVELOPMENT LAND Interested in owning a restaurant? These and many • Located in mature area of Fort Saskatchewan, Alberta more are available: • Highway Commercial - ASP in place • Zoned UR (Urban Reserve) • DC Zoning (Mixed Use - Residential/Commercial) • Second Cup - Riverbend Square: $230,000 • Sale Price: $13,200,000 ($93,617/acre) • Easy access to major arterial roadways • Second Cup - Spruce Grove: $99,000 FREE STANDING MULTI-TENANTED BUILDING • Fully serviced • Boston Pizza - Vermilion: $2.3 Million • Community has shown steady growth with a • Completely refurbished 2 storey 15,000 sq ft building • Famoso Pizzeria - NW Edmonton: $499,000 population increase of 31% since 2010 (currently • Famosa Pizzeria - Grande Prairie: $200,000 • Ideally situated within the downtown core • Leased until 2019/2020 24,569 - 2016) • Cora Breakfast & Lunch - SW Edmonton: $795,000 • Sale Price: $2,890,000 • PRICE REDUCED: $575,000 per acre • Kim Chi Korean Delight - Kingsway Mall: $239,000 [email protected] [email protected] [email protected] [email protected] [email protected] B14 | ALBERTA WESTERNINVESTOR.COM | SEPTEMBER 2017 FRANCHISE NEWS Overseas franchise restaurants aim for News, views and updates on Canada’s franchise industry foothold in British Columbia

“We are looking to sell out Santa sleigh and reindeers.” New diner hangs licences for those markets,” – Tyler Nyquvest, Business said Stevenson. “This busi- in Vancouver from a sky crane ness is very time consuming. There is a lot of planning that goes into it, and we just don’t Panago expands have the bandwidth to do all the provinces.” in Saskatchewan Tickets for DITSC are $249 for brunch and $349 for din- ner. The platform seats 22 diners, plus four or five staff. Stevenson and his team plan Henri William, co-owner and chef at the Holy Crab on Robson Street, to run four to five trips per Vancouver. | ROB KRUYT day. When the company is not etro Vancouver has become franchises, but some – like the Holy hosting its own events, it ripe as the landing spot for Crab – are wholly or partially owned A new dining experience plans to rent the platform to Ma new type of import: over- branch locations for the holding began this summer in Van- other companies. seas restaurant franchises. companies that also own the Asia couver, but you’ll be craning The crane is supplied by The latest example of a new res- portion of their business. your neck to find it. Eagle West Cranes, a B.C.- taurant making its way to Vancouver Some of the most prominent recent In July, Dinner in the Sky based mobile hydraulic crane Panago Pizza is seeking is the Holy Crab, a Louisiana-style examples include Hokkaido Ramen Canada (DITSC) launched its company that was involved franchises for new locations seafood eatery that originated in Santouka, which opened a second first sky-dining experience in the 2010 Winter Olympics. planned for prime Saskatch- Indonesia and now counts a number store in January on West Broadway in British Columbia. As to the cost of the crane ewan locations in Estevan, of locations across the Southeast after the success of its inaugural Suspended from a crane, rental, Stevenson would Saskatoon, South Regina and Asian nation. Robson location. The restaurant, attendees were served dinner say only that it was “very West Regina. The Vancouver franchise on Rob- which often has long lines stretching and drinks while harnessed expensive.” Panago, which began 30 son Street opened in February and from its entrance during mealtime, into a platform that hung When the company is not years ago, provides extensive has since developed a steady stream is part of a global franchise network nearly 200 feet above North hosting its own events, it training and education about of diners who come for southern U.S. started by ramen chef Hitoshi Hata- Vancouver. plans to rent the platform to products, procedures and cuisine with a pinch of Southeast naka in Asahikawa, Japan, in the The idea was conceived in other companies. store management for owners Asia. The twist is a unique prop- 1980s. Belgium approximately 10 “We’ve had tons of requests and staff. osition that’s central to its market Today, Santouka’s holding com- years ago, and since then to rent it for weddings and With more than 190 Can- strategy, said co-owner/chef Henri pany, About Co., counts 32 locations 10,000 of the events have so forth,” said Stevenson. adian stores and $160 million William. around the world. been hosted in nearly 50 “We’ve even had a request for in annual sales, the average “The Asian community here in Another big player in overseas countries around the world. a Texas hold ’em in the sky.” Panago store has annual sales Vancouver is quite significant, so franchised restaurants is Taiwanese The company, an offshoot Stevenson said he also of around $880,000 and about it was one of the reasons why we cuisine, with restaurants like Chef of Skydine Events Ltd., re- plans to use the platform in 20 per cent have annual sales decided to come here because we Hung Taiwanese Beef Noodle having cently announced it would other parts of B.C. during the of $1 million. do have a touch of Asian taste in our locations in Richmond, West Van- be making regional franchise winter. A Panago Pizza franchise sauces,” said William, an Indones- couver and the University of British rights available in Ontario “We are interested in fee is $25,000 and the startup ian native who moved to Vancouver Columbia. More recently, Taiwan- and Alberta. bringing the platform up to capital required is $160,000. in 2003. ese tea retailer Chatime began ex- Vancouver-based entre- Whistler and do an event Franchisees will require a total In recent years, a number of panding into B.C. with Vancouver preneur Jhordan Stevenson called Santa in the Sky where investment of approximately Asian food chains have made land- and Surrey stores. ■ owns the rights to DITSC. the platform is dressed as a $478,000. ■ ings in Vancouver. Most have been – Chuck Chiang,Business in Vancouver

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RECEIVERSHIP HOTEL HHIGHI G H LLEVEL,E V E L , AALBERTAL B E R T A ACQUISITION FFOROR SSALEALE - WWHOLESALEHOLESALE LIQUIDATIONLIQUIDATION OPPORTUNITY-ALBERTA 6622 LLOTSOTS IINN MMOBILEOBILE HOMEHOME PARKPARK 220%0% CCAPAP POTENTIAL!POTENTIAL! * 62 vacant lots of 82 lot bare land strata mobile home park Best Western Rimstone Ridge Hotel, * Vendor has other interests / park package priced to move Rimbey, AB * Historically lots rented at $360.00 per month * Do the work and there is great upside. yLargest and only branded hotel in Rimbey yWithin a two-hour drive of Calgary, Edmonton and Red Deer * Courtesy to Brokers y60 guest rooms and suites Located next to schools and shopping. y1,200 sq. ft. meeting space yIndoor pools with waterslide, fitness centre, business centre, guest laundry and breakfast room Regional hub for Northwest Alberta with air service and the regional hospital. For more information please contact: Greg Kwong* REDUCED $699,000 Call for more details [email protected] CBRE Limited, Real Estate Brokerage 403 585 3582 GGordonordon GreenGreen 6604-727-709504-727-7095 *Broker www.cbre.ca [email protected]@hotmail.com

INVESTMENTS CURRENT OFFERINGS YOUR ADVANTAGE IN ALBERTA IINVESTMENTNVESTMENT • A Flagged 92 Room Limited Service Hotel, featuring FULL SERVICE FRANCHISE HOTEL IN BC a variety of room confi gurations among many other Asking : $31,700,000, Revenue : $8,067,000, 203 room, Leased OOPPORTUNITIESPPORTUNITIES CALGARY AREA outstanding features, plus, exceptional operational Restaurant & Lounge with 7.27 Acres land located at gateway to the performances that are enhanced by it excellent Interior of British Columbia. nnearear EEdmontondmonton • Hotel Site/multifamily site/ location. The potential upside for continued superb HIGH END FRANCHISE HOTEL performances going forward are very good, under Asking : $29,700,000, Revenue : $5,327,200. 168 room Very High Seller fi nancing available End limit service franchise hotel with great cash fl ow in AB. commercial site available prudent management. Asking Price $11,500,000.00 40 acres commercial land FULL SERVICE FRANCHISE HOTEL IN BIG CITY AB • Chinese restaurant includes land, • A Flagged 122 Room Full Service Hotel in superb Asking : $14.9M, Revenue 2015 : $4,082,415. 2016 Expectation: on major highway condition, featuring an array of excellent amenities, $3,258,000( Exclude restaurant & Bar),108 Room with 3,600 Sqft building & equipment well located with main artery exposure, excellent conference room, 6,000 Sqft Restaurant & Bar which was built Operational performances, substantial potential in 2003 with 1.95 Acres located along a major arterial roadway Developers wanted • 300 acres with river running through, inbound to the city. upside, going forward under continued prudent 40 acres lake front gravel, highway access, potential management. Asking $19,900,000.00 FRANCHISE HOTEL IN BIG CITY AB Asking: $13.9M, Revenue: 2014 $4,479,772, 2015 $3,957,992 near Edmonton development opportunity • A 260 Room Hotel located in a region of dynamic 2016 Expectation: $3,400,000 (Room only) 102-room hotel that was completed in 1998 with 1.92 Acres land located along a major arterial seller fi nancing economic growth and long term sustainability; the roadway inbound to the city and it includes an indoor pool, fi tness • 31 acres industrial & commercial continuous yearly high revenue performances of this room, 3 meeting room with CHY (Commercial Highway Corridor) development land adjacent to Highway 2 outstanding property speak for itself. Further, it is Zone allows to build 10 storey building and can add over 50 room. Church or retreat groups indeed in excellent condition, there are no differed FRANCHISE HOTEL IN CENTRAL AB wanted 66 acres • 54 acres residential development land maintenance. The potential up-side going forward is Asking: $11.9M, Revenue: 2014 $3,335,716, 2015 $2,668,155 very good, under continued prudent management. 2016 Expectation $2,150,000. A limited service, 92-room hotel with lake property ready to go – Highway 2 frontage 1.97 Acres land that was completed in 2004 with good exposure and Asking $56,900,000.00 relatively easy access to Highway 2. Secluded 640 acres • Truck Wash – 3200sq.ft. – 3 bays • A Flagged 89 Room Limited Service Hotel in superb FRANCHISE MOTEL IN CALGARY condition, featuring a variety of suites in its room Asking: $7,750,000, Revenue ( 2016 : $1,401,201) with private lake • 279 acres located next to CROSSFIELD– mix, indoor door swimming pool and waterslide Three stories 68 guest room originally constructed in 1980 with signifi cant renovation in 2012 totaling $2.1m and additional ideal for hospitality business possible development possibilities among many other recreational features, very good $700,000 for exterior renovations in 2015. The physical operational performances, which should continue characteristics of the hotel are in very good due to the recent going forward under prudent management; being whole renovations to the interior and exterior. Well located in the NW 1 mile North of city limits • SOLD 3.26 acres in CARSTAIRS high district , which provides good access to major commuter arterials , offered at price well below replacement cost. Asking and access west to tourist destination to Banff etc. less than traffi c area, excellent for multi-family or $8,900,000.00 GOOD CASH FLOW HOTEL IN BC Motel • A 63 Room Flagged Limited Service Hotel consisting Asking : $7,200,000, Revenue : 3 Year average : $2,959,106, 2017: $10,000 per acre of a very good mix ofrooms; this property is relatively $3,104,726 (Room: $2,070,562, Restaurant : $1,034,614). 3 Year average NOI : $1,052,707. 62 rooms Restaurant & lounge with JERRY RACZKOWSKI • 137 acres with #2 highway frontage – new and is in excellent condition with no required up- 1.6Acres land located at a district municipality in the geographic excellent access grades in the near term; its operational performances centre of British Columbia. 780-932-2121 deliver superb results and should continue to do so, WELL MAINTAINED HOTEL IN NORTHERN AB e-mail: [email protected] • SOLD - AIRDRIE - Investment property - going forward. Asking $10,000,000.00 Asking : $6,700,000, 89 room hotel which was built in 2008 www.AlbertaInvestor.com located Northern AB has potential to increase the valuation by 5000 sq ft. industrial building – fully leased • A Commercial Building 100% long-term lease with converting franchise motel and a strong commercial and retail RE/MAX Real Estate Commercial Division triple A covenant yielding excellent triple net revenue. sector boasts many business in this town. • 1.67 acres – multi-family site in growing This a superb opportunity for an investor who would FRANCHIS HOTEL IN BC community like an absolute care-free investment that requires Asking : $6,250,000, 2017 Projection : $1,600,000. very management; however, yielding very good - 90 guest room hotel which was renovated in 2015 with $2.1 million being invested in the property with 1.975 Acres land. return on investment. Asking $3,600,000.00 - Two (2,500 Sqft & 3,800Sqft) vacant space presenting leasing • OLDS – 20 acres development site - opportunity and 5,000Sqft conference centre that is not currently highway frontage • A Flagged Limited Service Hotel consisting 128 in use located in SE BC. Rooms & Suites, of exceptionally good quality and - Forth fl oor of the property is unimproved and total 10,000Sqft can Elkayal Real Estate Inc. be converted into additional hotel rooms or apartment suites for long featuring plus many amenities to satisfy the varied term or short term rentals. Mohamed Elkayal, CCIM desires of its guests, located in an excellent location Broker/Owner For more information on these and other properties of economic diversity, attested to by its continuous EXECUTIVE RENTAL SUITES HOTEL IN CALGARY ASKING : $6,900,000, Revenue in 2016 1,250,000 (2015: Dir: 780-906-5822 outstanding operational performances, which should $1,450,000) , NOI : Over $500,000. 33 Condo type executive rental Servicing Edmonton & Area Since 1993 continue going forward. Asking $20,500,000.00 suites located at core downtown area. CALL DON SACKETT 2014 Life Member Award - Professional FRANCHISE HOTEL AT BIG CITY AB REALTORS® Association of Edmonton RE/MAX ACA REALTY VINCE BOYLES Asking : $5,700,000, Revenue of 2015 : $1,525,000. In grateful acknowledgement of long & 1018 Hammond Ave, Crossfield, AB Good access and exposure characteristics 70 room hotel located faithful service to the association T0M 0S0 Fax 403-946-5035 403-237-5584 • 1-888-482-5583 near Trans Canada Hwy and all buildings refl ect the franchise * COMMERCIAL ACRES $15,000/ACRES (403) 946-5657 standards and have been maintained throughout their life. Opportunity knocks for this 40 Acres Parcel close to ACA Realty EMAIL: [email protected] FULL SERVICE HOTEL , LIQUOR STORE IN BC Hwy. Motivated Owner. For more information please call. [email protected] MONTCALM PROPERTIES LTD. Asking : $4,800,000, Revenue of 2015 Motel : $742,485, *INDUSTRIAL PROPERTY - $2.8 M Restaurant: $878,633, PUB: $1,055,344, Liquor store: $1,098,837. Great opportunity for this well maintained building comes with www.donsackett.com www. montcalmpl.com 32-room hotel, restaurant, sports bar, private dining/meeting 7200 Sq/Ft Has 2 long term Tenant. For more Information room, and Liquor store with 7.220 acres land which was built in please call. 1979 .The community is the regional retail and service hub for the *DUPLEX SIDE BY SIDE - $485,000 northwestern portion of BC with a 11,486 population. . Opportunity for small investor for this well maintained property. FRANCHISE MOTEL IN SOUTHERN AB Run by owner. Comes with 3 bedrooms for each side. Basement Asking: $3,150,000, Revenue: 2014 $1,09,545, 2015 $719,006, has 1 bedroom suite. For more information, please call. 2016 Expectation : $650,000, 48 Room limit service Hotel which *COMMERCIAL BUILDING - $260,000 ADVERTISE WHERE was built in 1996. Excellent Opportunity for this well maintained Building. Comes with long term Tenant, 2 Building with 2679 Sq/Ft, and Over size lot. INVESTORS ARE LOOKING MOTEL, BAR AND LEASED RESTAURANT For more information please call. Asking: $2,490,000, Revenue for 2016 $722,025( Room : *ACRES LOT - $99,500 $458,782, Rental : $24,000, Bar $188,131VLT:$51,112) ,35 room, Opportunity knocks for this 2 Lot Acres side by side, one acre Two manager suite, 2 staff room, 4 VLT with 1.26 Acres land each. Can be sold together or separate. Ready to build your located 1H30M from Calgary with 2,000 population. dream home. Year around for fi shing. For more information, www.francisleerealty.com please call. *OFFICE SPACE FOR LEASE FRANCIS LEE Three units available, 1120 sq.ft., 1200 sq.ft. & 1420 sq.ft. COMMERCIAL REAL ESTATE * COMMERCIAL BUILDING $75,000 Francis Lee Opportunity knocks for this free standing building. Come with living area. Was operating as a bakery/cafe. Owner retired. For Cell 403.680.6130 more information, please call. Fax 403.476.5334 * CONVENIENCE STORE - $175,000 604.669.8500 TOLL FREE 1.800.661.6988 [email protected] Excellent and Great Opportunity for this well Established WESTERNINVESTOR.COM Maxwell South Star Realty Convenience Store with Steady Clientele. Come with Low and long term Lease. Has Lotto and Phone card. Surrounded by 4 Associate Broker, IC&I Full Commercial Member Motel, 2 Bar and new Industrial area with no Competition. B16 | SASKATCHEWAN WESTERNINVESTOR.COM | SEPTEMBER 2017 New Saskatoon towers will change skyline forever FEATURE | $300 million redevelopment will see four new highrises ascending near downtown over the next two to three years

Saskatchewan’s GDP to grow by By GEOFF KIRBYSON 1.8 per cent this year. [email protected] One plot of land that some real estate players see as a bellwether he Saskatoon skyline is project is the former site of the about to get an upgrade, Patricia Hotel. Its bar was a fa- Tboth now and in the future. vourite among thirsty U of S stu- A quartet of buildings of the dents for many years, but it was highly anticipated River Land- torn down with the hotel in 2013. ing project – a pair of office tow- The downtown lot at the corner ers, one 22 storeys and another of 2nd Avenue North and 25th 13 storeys, a 20-storey condo- Street East has been up for sale minium tower and a 17-storey for $6.2 million ever since, but no Alt Hotel – are widely expected sale has been consummated and to revolutionize the city’s down- no development plans have been town real estate sector. announced by the Vancouver- Construction has already begun based owners. It is one of several on the condo building and hotel, dozen empty lots in the city’s both of which are scheduled to be central business district. complete by 2019, the same time Rendering shows Saskatoon’s River Landing project, which will include two office towers, a condo skyscraper Keith Webb, vice-president of as the smaller office tower, which and a 17-storey hotel. | SUBMITTED Colliers International in Saska- will go into the ground before the toon, said the owners felt it was end of the summer. The second Landing project will be felt in the concept plan and now we’re fine Barry Stuart, managing part- a great site when they bought office tower, assuming the blue- short term, even bigger changes tuning that plan and getting into ner and senior sales associate it and nothing has happened to prints don’t change, will become could occur thanks to the City of the details of it. with ICR Commercial Real Estate, change their minds. He said all the tallest building in town a year Saskatoon’s recently approved “We want to make sure the land said he’s cautiously optimistic options are being considered, or two later. 30-year growth plan. One of the is used wisely and carefully. It’s about the future as vacancy rates including residential, retail and The $300 million project is lo- highlights calls for a complete a matter of planning for adaptive have levelled off in industrial and office. cated along the South Saskatch- overhaul of the north part of reuse of vacant land and some of office space over the past three “In the meantime, there is an ewan River at the southeast downtown, including relocating the buildings and making sure quarters. agreement with Impark to rent corner of 19th Street between 2nd the city’s yards, home to its heavy the infrastructure plans match “The economy comes down the stalls on a monthly basis, so and 3rd Avenues. equipment and trucks, to a new the visions for above and below to the confidence levels of the it shows a good return. There are The condos have been selling location. ground.” business people and investors. lots of guys who hold raw prop- like hotcakes and the smaller The city owns about half of the A variety of stakeholders be- Retail leasing still remains strong erty for years. If somebody pays office tower, known as the East 30 acres in the north downtown lieve reaching the downtown’s and the investment market and what they’re asking, great. If not, Tower, has already signed its first area, and Randy Grauer, general potential hinges on boosting the demand for owner-occupied they’ll keep cashing the cheque tenant, law firm MLT Aikins. manager of community services, residential population from its property is still strong for qual- from Impark,” he said. “We are excited to welcome said the intent is to replace the current total of about 2,500 to at ity property,” he said. All in all, Webb believes Saska- them,” said Blair Sinclair, execu- industrial uses with mixed-use least 10,000. He also points to increasing toon is in a good place. tive vice-president of Triovest, residential, commercial and in- The near- and long-term sales of recreational vehicles “Everybody in oil and gas is the project’s development and stitutional projects, including growth plans are certainly a as well as cars and trucks, trying to figure out how you leasing manager. “Interest in the a School of Architecture at the breath of fresh air in a city that which tend to be leading indi- move ahead with $50 [per barrel] East Tower has been exception- University of Saskatchewan. has seen its commercial real es- cators of where the economy is oil. People are resilient and they ally strong.” “We’re in the infancy [stage],” tate sector take on water for the headed. One of the country’s get on with it. The world hasn’t While the impact of the River Grauer said. “We’ve done a basic last two and a half years. leading banks, RBC, expects ended,” he said.■

40 40 ACRES ACRES 40 ACRES Inland Drive BIZHUB INDUSTRIAL PARK OFFICE INVESTMENT FOR SALE DEVELOPMENT LAND FOR SALE/LEASE WAREHOUSE AND LAND FOR SALE INVESTMENT OPPORTUNITY 101 15th Street East, Prince Albert SK RM Sherwood Park, Regina SK 1000 Fleury Street, Regina SK 12 Capital Circle, RM Corman Park SK 7ZRVWRUH\RIÀFHEXLOGLQJRQWK6WUHHWUHWDLO 7KHVHSDUFHOVDUHORFDWHGOHVVWKDQNP 7KLV6)EXLOGLQJRQ$FUHVRIODQGLV 7KLV6)EXLOGLQJLVIXOO\OHDVHGXQWLOZLWK FRUULGRUZLWKDQHWRSHUDWLQJLQFRPHRI from Highway #6 and Regina city limits and 2 km located in Tuxedo Park and situated close to DGGLWLRQDO$FUHVRIODQGIRUIXWXUHGHYHORSPHQW Three long-term tenants occupy the building. IURP+LJKZD\”WR”$FUHVDYDLODEOH Ring Road and Park Street. Sale Price: $8,850,000 Sale Price: $1,800,000 Sale Price: ”$215,000/Acre; Lease Rate: Market Sale Price: $3,499,900 Contact Eugene Hritzuk for details. Contact Stacy Dybvig or Shawn Tomyn for details. Contact Jayson Elenko or Mike Barber for details. &RQWDFW%ULDQ%XWWHUÀHOGIRUGHWDLOV

LAND/ WAREHOUSE FOR SALE/LEASE WEYBURN INDUSTRIAL FOR SALE UPTOWN REGINA FOR SALE/LEASE LAND WITH TWO BUILDINGS FOR SALE 234/242 Faithfull Cr & 3015 Miners Ave, Saskatoon SK 93 17th Street Northeast, Weyburn SK 1362 Lorne Street, Regina SK 1037 Kearns Crescent, Regina SK Three parcels totalling 3.93 Acres includes a 6,200 SF 7KLV”6)EXLOGLQJVLWVRQ”$FUHVRIODQGLQ 6)EXLOGLQJZLWKVKRSDUHDRQPDLQÁRRUDQG $FUHVZLWKIXOO\IHQFHGFRPSRXQGDQGWZR pre-engineered building valued at $300K, with built- Weyburn’s industrial area. It features a showroom, QLFHO\ÀQLVKHGRIÀFHVRQVHFRQGÁRRU)HDWXUHVWZR LQGXVWULDOEXLOGLQJV/DUJHUVWUXFWXUHERDVWV)7 RXWRIÀFHV6)ZDUHKRXVHDQGLQÁRRUKHDW WKUHHRIÀFHVDQGWZRRYHUKHDGGRRUV RYHUKHDGGRRUVERDUGURRPDQGVHYHUDOSULYDWHRIÀFHV FOHDUFHLOLQJRYHUKHDGGRRUVDQGLQÁRRUKHDW Sale Price: Please Call; Lease Rate: Please Call Sale Price: $750,000 Sale Price: $1,448,000; Lease Rate: $10.00 PSF Sale Price: $3,950,000 Contact Josh Walchuk or Brad Hritzuk for details. Contact Ken Kreutzwieser or Cody Chewka for details. Contact Mike Barber for details. Contact Walker Moulding for details. 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 SEPTEMBER 2017 | WESTERNINVESTOR.COM SASKATCHEWAN | B17

BUSINESSBUSINESS OOPPORTUNITIES,PPORTUNITIES, KKINDERSLEYINDERSLEY SSASK.ASK. SASKATCHEWAN Accelerating success. FOR SALE FOR LEASE

CLARENCE AVE S & GRASSWOOD RD ND SASKATOON Bowling Alley 355 2 AVE S Looking for an exciting and profi table business Retail Building and Property • Nearly 80-acres of bare land within the • 5,199.8 SF high profile retail space next opportunity? The Kindersley Bowl a Drome is the Right in the heart of downtown Kindersley y, central Corman Park-Saskatoon planning district to Fionn MacCool’s and Scotiabank VIP perfect turnkey business. The only bowling alley and to one of the busiest Oil fi elds in Saskatchewan. 2288 • Identified for future residential use Theatre on 2nd Avenue South is a major recreational feature in Kindersley. Located sq ft updated building on prime 3900 sq ft lot. side • Paved roads on two (2) sides of property • Ideal for a single user or can be demised right on Main street, the facility has 8 operational by side with several successful businesses. This • Available for immediate possession into two (2) units lanes with automatic pin setters and electronic property currently is home to a men’s and ladies wear • List Price $2,770,000 MLS® • Net Lease Rate - At Market Rate Excl. scoring. Some recent upgrades to the building store. The price listed is for building and property

include a new furnace and electronic foul lines added. only. Business and inventory can be purchased at a Cam Bristow | 306 270 7646 | [email protected] Maxwell Lee | 306 341 2868 | [email protected] negotiated price. $260,000. 7440 sq ft building, 15,327 sq ft lot. $235,000. FOR LEASE FOR SALE | LEASE Hardware Store Busy hardware store located in the rural community of Kerrobert, Sask. Fantastic corner location. This is a must see! New light fi xtures, shelving, shingles and 302 MELVILLE ST SASKATOON 3630 THATCHER AVE SASKATOON siding (2016) furnace (2016) and much more. Approx 4200 sq. ft of retail/ • 40,000 SF to 85,000 SF available in • 109,066 SF office and warehouse on lobby and offi ce space. Wide variety of stock, brand names such as: Cloverdale former distribution warehouse 4.13-acres, warehouse height 40’ to 50’ paints, Milwaukee tools, Weiser, Dewalt, Winchester, Hillman, Hamilton Beach, • Six (6) dock level doors with potential to • High profile near Costco & SaskTel Centre Lem Products, Holland garden and wall art, to name a few. Giftware, hardware, add more • Net Lease Rate $9.75/SF • 26’ clear height, ± 34’ between columns • List Price $14,500,000 MLS® hunting and fi shing, the stock is negotiable. Kerrobert is in the center of a busy • 15,500 SF of office over two (2) floors Ken Suchan | 306 221 1825 | [email protected] oil fi eld and is growing quickly. $400,000 plus inventory. Kevin Johnson | 306 281 9929 | [email protected] • Net Lease Rate $6.95/SF MLS® Tom Deibert | 306 281 2673 | [email protected] Colliers McClocklin Real Estate Corp. | 306 664 4433 | www.collierscanada.com/saskatoon CIR Commercial Realty Inc. | 306 789 8300 | www.collierscanada.com/regina

BUSINESS AND THE BATTLEFORDS INVESTMENT OPPORTUNITIES

Building & Property SSALEALE OORR LLEASEEASE 3000 sq. ft building for sale in the town of Kerrobert. - 27000 sq. ft corner lot with chain link Commercial Revenue Property fence. Two outbuildings that are included as well. Land and building only. Commercial building with Secure yourself an excellent commercial / industrial two residential suites and two main fl oor tenants. property. Previously was a lumber yard and hardware Excellent cash fl ow, excellent location, building built store. $175,000. 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 1959 and renovated in 20014, 10.9 Cap rate. Net in the City of North Battleford, SK. That is currently operating McMillian Industrial Park North Battleford, excellent location income of over $5900 per month. Price $650,000. Multi family Residential lots as a Truck and RV Wash located on 1.45 acres. The building for heavy traffi c access. The steel framed metal cladded These are lots zoned for town house style, single has two bays 23 x 110 ft. building has 18,900 sq. ft. with heavy fl oor construction level, Condo. fourplex’s. Each lot has 3202 sq ft $1,125,000 MLS®593387 Listed: $599,900 MLS® 603647. (12808 sq ft total) and are part of the Clark place Condo Corp # 102166477 All infrastructure is SSALEALE OORR LLEASEEASE complete with streets, curbing, sidewalks, street lights etc. These lots are close to walking trails and green space. Kindersley has 0 vacancy rates and needs rental homes. $330,000.

Apartment Building MINUTE MUFFLER BUSINESS EXCELLENT INVESTMENT OPPORTUNITY Revenue Property (shop & Lot) 124 1st Ave East, Kindersley. Just reduced by In North Battleford, SK being sold including land, 4 bay Property that is zoned C4 located in a close proximity to Territorial Drive and Highway #16 and having good access to a street that has Excellent steel building on Highway 21 Service Road. $30,000! Great revenue property! Located in a great building, all equipment, stock/inventory, 1994 Oldsmobile car, 1997 Ford 150 truck. Excellent opportunity to purchase a the highest daily traffi c count in North Battleford, SK. This property Currently has tenant with one year lease. 25,400 sq ft location, 1 block off main street! The building has 1-3 consisting of 5 lots being about 4.39 acres. The main building located lot with fenced compound. The building has 7000 sq bedroom unit, 1-2 bedroom unit and 3 single units. 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 30 years. ft of usable space on one level. 3 overhead doors and Shared, coin operated washer and dryer. No smoking a tenant and about 2880 sq. ft. of heated work shop area. $998,000 MLS®590438 Listed: $2,350,000 MLS®592761 good access to highway 21. The property also has a building. Adult oriented. 8 parking spots provided. back ally entrance. This is a clear span prefi nished A/C units in all but 1 unit! Sellers manage and metal clad building. $875,000. maintain the units Call today for more information! Highway Commercial Lot 3.05 Acre Lot on Hwy 7 Service Road. Located in Holland Park, next to Can Alta hotel and Boston Pizza. Fully serviced, zoned Hwy Commercial, telephone and fi ber optic services close by. Highway 7 runs between Calgary and Saskatoon. High traffi c! $610,000. DEVELOPMENT PROPERTY Two parcels of property in the resort village of Meota, EXCELLENT BUSINESS OPPORTUNITY SALE/LEASE BILL #1 West Road, Building with 10,000 sq. ft. of offi ce space in down town North ph WHEAT Saskatchewan and next to a golf course. 18.5 acres of 306-463-1766 cell 306 460 7628 COUNTRY Battleford, SK with an anchor long term tenant in place and with an LAROCQUE Kindersley, SK highway commercial and 27.6 acres of commercial/ Broker www.royallepage.ca/kindersley S0L1S1 REALTY additional 6,600 sq. ft. available to be occupied. Excellent opportunity 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

WESTERNINVESTOR.COM GREAT BUSINESS OPPORTUNITY FOR SALE GAS STATION FOR SALE Get informed before you invest 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 • Exclusive details on has a working contract. equipment, furniture, supplies and stock. Western Canada’s Done Deals Listed: $370,000 MLS®587323 Listed : $635,000 MLS®600808 • Get the inside scoop with Wally Lorenz Dorothy Lehman expanded coverage of Owner/REALTOR® REALTOR® sold properties [email protected] [email protected] RE/MAX OF THE BATTLEFORDS Each offi ce is independently owned and operated 306-446-8800 B18 | SASKATCHEWAN WESTERNINVESTOR.COM | SEPTEMBER 2017

Sask. & Man. | WHAT’S HAPPENING Winnipeg office market “best in They include a new food court, 30 years” as new towers rise Sears space in larger washrooms, additional Industrial seating, a “refreshing” of three limbo until fall of the exterior entrances and an outlook improves “overall modern look and feel.” According to a new report from He said the sooner plans could ICR Commercial Real Estate, be arranged for the Sears loca- more than 61,000 square feet tion, the better. of Saskatoon industrial space “You’d like to have an operat- has been absorbed during the ing store,” he said. first half of the year, nudging Along with Canadian Tire, the vacancy rate down to 7.8 Sears is one of two major an- per cent. Consumers – not to mention chors at Garden City. Sears That’s the first period of sig- the Garden City Shopping Cen- is also hoping to get the go- nificant positive absorption tre – likely won’t know what in more than four years, said ahead from the court to start will become of Winnipeg’s Alvaro Campos, Saskatoon- liquidation sales at its closing soon-to-be-closed Sears store based brokerage business locations. True North Square will deliver about 450,000 square feet of Winnipeg office until the fall. manager at ICR. space by 2019. | SUBMITTED The beleaguered retailer will “It’s good news. Our vacancy seek a court order in mid-July rate is higher than where it new report suggests that the former high-water mark for to begin a “comprehensive Thompson most should be for a healthy, bal- Winnipeg is seeing the Winnipeg office rents, Centrepoint and flexible sale and invest- anced market, which is be- Astrongest downtown office pushed the figure to $25. ment solicitation process” of its dangerous city tween 5 per cent and 6 per market in decades. No downtown buildings have a business, real estate and other Thompson is the most danger- cent. If things continue the “It is a very optimistic and active significant amount of empty space, assets. ous city in Canada for violent way they’re going, it could be time, more so than at any time over with the exception of an 11-storey A deadline of October 4 has crime, according to the Sta- two or three years and we’ll the last 30 years in Winnipeg,” Win- former Canada Post building that been set for the court to ap- tistic Canada Crime Severity be back to a healthy balance,” nipeg-based Wayne Sato, a Cushman the City of Winnipeg is trying to prove any successful bids. Index (CSI), with a rating of he said. & Wakefield broker and office leas- sell. The city purchased the tower in “We should have some idea of 414.9, compared with a na- That could come even faster ing and sales vice-president, told the 2009 and intended to resell it for $18 what’s going to happen with the tional violent crime index rat- if landlords continue to show Real Estate News Exchange. million, but officials later discovered Cushman & Wakefield forecasts [Garden City] location by then,” ing of 75. that they’re willing to pro- it required $20 million worth of re- Winnipeg’s current 4.3 per cent of- said company spokesman Joel Statistics Canada measures vide incentives, such as a free pairs. It has sat vacant ever since. Shaffer. month’s rent, to potential ten- fice vacancy rate will rise to the 7 the volume and severity of New construction is expected to Sears Canada recently an- ants, he said. per cent range by 2019, but this still crime reported to 305 police alleviate some of the Class A office nounced that 59 of its 127 retail When the provincial econ- places it among the lowest office departments to create the an- demand, starting next year. outlets in Canada will be clos- omy started to sputter a few vacancy rates in Canada. ing over the next few months. nual index. years ago, there were many Sato pointed out there was no sig- True North Square, a $400 mil- The north Winnipeg mall Overall, Thompson was industrial projects under way, nificant new construction of Class lion development, will include two is unable to do much except second in the CSI crime rank- leading to supply “heavily” A office space in Winnipeg for about mid-size office towers. Its 17-storey, wait as Sears isn’t a tenant – it ings for 2016, which were re- outweighing demand, he said. 25 years before 80,000 square feet 365,000-square-foot Scotiabank owns its 92,000-square-foot leased July 24, up from fourth “Over the last 18 months, was added with Centrepoint in 2015. Tower will be the first to be complet- location. in the 2015 survey, but Thomp- we’ve seen very controlled de- “Once the market is introduced to ed next summer. Tower 2, a 24-floor Christian Green, assistant son’s violent crime rating is far velopments. There have only that, more and more tenants started building with 200,000 square feet of vice-president of investor rela- ahead of second-place North been six or seven building per- saying ‘That’s what we need.’” commercial and residential space, is tions at Toronto-based RioCan Battleford, at 337. mits [issued] for the first half While $19 per square foot net was scheduled for completion in 2019.■ Real Estate Investment Trust, Thompson is the only Can- of the year for the industrial which owns the mall, said it adian city with a population of market,” he said. of 2018 is expected to bring a signifi- Industrial Area and the Marquis In- will focus on its ongoing multi- more than 10,000 people with The opening of the North cant amount of traffic to the city’s two dustrial Area, Campos added. ■ million-dollar renovations. a violent CSI score above 400. Commuter Parkway in the fall largest industrial centres, the North – Geoff Kirbyson

NEW RETAIL - FOR LEASE 216 Dewdney Ave Regina SK MLS SK617350 – Vacant land • Addition to 700 Victoria Avenue Strip Mall • 4,370 sf demisable space still available 27X125 $149,900 Zoned for Commercial • 1,500 sf of new space leased ADVERTISE • AM side of street, 27000 vehicle count per day 12 Industrial Drive Emerald Park SK – MLS SK702264 – • Opportunity to relocate for expansion WHERE INVESTORS Commercial Building $1,500,000 – 3.27 Acres of Industrial Zoned VIC EAST SPACE FOR LEASE ARE LOOKING /DQGZLWKDWWDFKHGVKRSDQGRI¿FHVSDFH&DQEHOHDVHG • Approximate 850 sf end space • 2 rooms + front open space • Excellent space for professional services Balgonie Land – SW 3-18-17-2 - $340,000 – Zoned for • Going home side of Vic Ave. Commercial – Highway #1 Frontage – Great location for Car lot or • $18/psf NNN $5 psf Net Charges Storage Unit Light Industrial - West Bypass • Emerging industrial zoned area Granite Industrial Park RM of Edenwold – Lot 19 - 2 Acres north of TransCanada in the RM of Sherwood • Proposed multi-tenanted light industrial building[s] ±=RQHGIRU+LJK3UR¿OH&RPPHUFLDO±2WKHUVL]HORWV +/- 120,000 sf DYDLODEOH • Shallow bay [+/-125’], high clear height [28-32’] & wide span [+/- 50’] • Multi bay +/- 15,000 sf size increments Contact Nathan Cressman • 0.8km West bypass frontage 1km north of Trans Canada/South bypass Interchange (306) 530-7900. • Ease of access for truck/semitrailer fl ow to major access routes • Ideal location for showroom, warehouse, of Royal Lepage Regina Realty e-commerce distribution space V.(Bill) Kutsogiannis BROKER, CCIM 604.669.8500 TOLL FREE 1.800.661.6988 (306) 591-2248 WESTERNINVESTOR.COM www.McDougallAuction.com www.janusrealty.ca SEPTEMBER 2017 | WESTERNINVESTOR.COM SASKATCHEWAN | MANITOBA | B19

BRANDON, MANITOBA MOTEL: 16 ROOMS , TRANS CANADA HIGHWAY, LIVING QUARTERS, STEADY INCOME, PRICED TO GO! TOON CARWASH: MAKING MONEY FOR THE LAST 32 YEARS OF OPERATION, SSASKATOONASKA OWNER RETIRING, PRICE TO GO! KINDERSLEY, SASKATCHEWAN MOTEL: 12 ROOMS, HIGHWAY LOCATION, NEWLY RENOVATED, TO INCLUDE ARTMENTS CENTRAL HEAT AND AIR, NICE OPPORTUNITY FOR A FAMILY, PRICED TO GO! AAPARTMENTSP Brad Edgerton GOLF COURSE: 9 HOLE , GRASS GREENS, IRRIGATION IN PLACE, NEW CLUB HOUSE WITH RESTAURANT, PRICED TO GO! MOTEL: 24 ROOMS, WELL ESTABLISHED CLIENTELE, 3 BEDROOM HOUSE, 306.463-4515 ROOM TO EXPAND, PRICED TO GO! RESTAURANT: SEASONAL, MAYBE FULL TIME, LOCATED ON MAJOR HIGHWAY NEAR ED! RESORT COMMUNITY. PRICED TO GO! WWANTED!ANT SASKATHEWAN I have several motels for sale with owners anxious to sell, priced from $400,000 to 5 million Call DEL PETERS REALTY PROPERTY 306.934.3151 Century-21 Westman.com COMMERCIAL INVESTMENTS Brandon, MB Direct Line:204-729-5074 Email: [email protected] www.delpetersrealty.com AND BUSINESS FOR SALE 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

OPEN IN 2016 nancing available VTB fi

Comm. building with 12 residential apartments on top fl oor. Elevator. Rosetown, SK Shell Gas Station Restaurant/Bar/Motel Government rentals in building. - Recently renovated - High traffi c location For Sale For Sale 12 Unit Apartment 10% return. $2,350,000 - 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

LLookingooking forfor

Business and Rented Property- Mechanics dream! 66’ frontage on SSELLERSELLERS busy hwy. 3200 sq. ft. shop with show room, offi ce, and 1148 sq. ft. 12 Unit Apartment Davidson SK 1355 Albert Street ooff CCommercialommercial shop, rented out. $500,000 For Sale Jubilee Motor Inn Regina - Call for price - Busy 24 room motel - Investment Opportunity RRealeal EEstatestate - Shows well - Nearby pipeline/construction - New HVAC - Excellent tenants - Low vacancy - Call for details

LLookingooking forfor

Local bar with restaurant, cold beer and wine store. Leased space to BBUYERSUYERS Prov. Gov. and a 1 hour Martinizing. Mixed use building - For sale Church For Sale Well maintained, property consist - Commercial on main; ooff CCommercialommercial 8 Plex For Sale - 7 two bedrooms + 1 one bedroom Chamberlain, SK of 1 block. $3,300,000 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 John Chung, CCIM Aideen Zareh 306.501.5333 306.591.6915 [email protected] [email protected] www.commercialregina.ca Offi ce Building on highway 7 - 5400 sq.ft., mezzanine. 2 long term tenants, triple net rent. Lot could be subdivided. $1,200,000

WESTERNINVESTOR.COM Get informed before you invest

• Exclusive details on Western Canada’s Done Deals Established restaurant with 86 • Get the inside scoop with seats. New 5 year lease. Recently expanded coverage of sold properties renovated. Good location on busy highway. $295,000 B20 WESTERNINVESTOR.COM | SEPTEMBER 2017 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 $3,750,000 • $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. $2,300,000

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

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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

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