COMMERCIAL REAL ESTATE | FRANCHISES | BUSINESS OPPORTUNITIES $4.29 • APRIL 2018 • VOL33/4

MULTI -FAMILY | 12 LANDLORDS DODGE LEVY B.C. new residential luxury tax won’t apply to rental apartment buildings, unlike foreign-buyer tax

INDUSTRIAL | 18 POT GROWERS HUNTING SPACE With Metro industrial at a premium, cannabis companies turn to small towns and greenhouses ROBERT THURLOW CONTENTS Full index 3 RRETAILETAIL DEVELOPERSDEVELOPERS Bricks and mortar 10 Multi-family tax break 12 CCLICKLICK WWITHITH BBRICKSRICKS Farmland disconnect 16 NNEWEW OOUTLETUTLET MMALLALL EEXPANDINGXPANDING | 1100 Industrial-strength pot 18 Franchises 20 B.C. report 22 Done Deals 26

PUBLICATIONS MAIL AGREEMENT 40069240 0 4 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 | APRIL 2018

22,930 SF INDUSTRIAL ABBOTSFORD STRATA UNITS FOR SALE FOR SALE OPEN FORMAT SHOPPING BUILDING FOR SALE IN DELTA FOR SALE 42 ACRE VINEYARD 38.4 - 78.4 ACRES CENTRE WITH PURPOSE-BUILT 8014 WEBSTER ROAD, DELTA 30722 MARSHALL ROAD, ABBOTSFORD 4363 RYEGRASS ROAD, OLIVER, BC BURKE MOUNTAIN, COQUITLAM MULTI-FAMILY RESIDENTIAL TYEE PLAZA & APARTMENTS CAMPBELL RIVER, BC

• Delta’s Tilbury Industrial area off River Road • Unit sizes from 3,666 sf • 42 acre high quality vineyard in Oliver • 2 lots: 38.4 and 40 acres • I2 Heavy Industrial zoning • Rear grade loading • Produces Riesling, Pinot Gris, Viognier, • Beautiful views • Shoppers Drug Mart anchored 92,110 sf open format centre with development and leasing upside • 1.053 acre site • 25’ clear ceiling heights Chardonnay & Gewurztraminer • Future residential development property • New purpose built 46-unit multi-family building, • Asking Price $5,600,000 • Exposure to Marshall Road • Contract in place with or ideal estate lots easily accessible Constellation Brands Canada • Asking $3,250,000 per lot RON EMERSON | JOHN WEISS • Asking Price $3,250,000 • Clear title, great yield potential with upside JORDAN SENGARA* ANDREW GREEN* BILL RANDALL* BILL RANDALL* PETER GIBSON* FOR SALE - GEORGIA PINES MULTI-FAMILY 3.54 ACRE MULTI-FAMILY FOR SALE INVESTMENT/DEVELOPMENT MANUFACTURED HOME PARK DEVELOPMENT OPPORTUNITY DEVELOPMENT SITE IN KAMLOOPS REAL ESTATE WITH BUSINESS OPPORTUNITY 4086 STANDARD HILL ROAD, CRANBROOK, BC 342 WALE ROAD, COLWOOD, BC 2046 ROBSON PLACE, KAMLOOPS, BC PROFITABLE BOWLING ALLEY 1615, 1625, 1633 & 1651 FRANKLIN ST, VANCOUVER

• 102 home sites with potential for expansion • Centrally located in the rapidly growing West • Prominently located in the Sahali Neighbourhood • Central Metro-Vancouver location • 28,228 sf site with holding income and • 18 acres Shore community of Colwood • Great potential for a rental apartment building • 7.1% return - can be 8% upon sale redevelopment potential • Zoned R-MP • Site size of 59,374 sf • DP, Geotechnical and Zoning report available • Asking $7,390,000 (bare trust) • 7 parcels currently improved with 4 industrial buildings • Asking Price $5,150,000 • Asking Price $2,999,000 • Asking Price $1,700,000 • Can be a hands-free investment opportunity • 22,028 sf combined rentable area • Contact agents for more details DON DUNCAN* | CHRIS DRIVER* TIM SOMMER* | CHRIS DRIVER* HARPREET SINGH* | MICHAEL HARDY* ADAM FRIZZELL | FRANCES WU SEAN UNGEMACH**** | JEFF SCHATZ ±10 ACRES DEVELOPMENT CENTRALLY LOCATED 46,874 SF INDUSTRIAL ASSET IN INVESTMENT OPPORTUNITY CAMPBELL HEIGHTS STRATA POTENTIAL IN TOWNSHIP OF LANGLEY INDUSTRIAL WAREHOUSE WILLINGDON-CANADA WAY AREA IN ABBOTSFORD UNITS FOR SALE PID: 011-430-966, LANGLEY IN CAMPBELL RIVER 3455 GARDNER COURT, BURNABY 31772 SOUTH FRASER WAY, ABBOTSFORD 3950 191ST STREET, SURREY 1620 ISLAND HIGHWAY, CAMPBELL RIVER, BC

• ±10 acres in Abbotsford that can be stratified • 2.47 acres • 100% leased commercial plaza on South Fraser Way • Units from 2,247 sf • RU-3 and MH-1 zoning • 11,587 sf warehouse with showroom space • M1 zoning • National tenant (auto body shop) occupies • Rear grade loading 50% of the space • Proximity to Fraser Highway and 16th Avenue • Grade loading bay with 30’ ceilings • Well maintained, excellent condition • Ample parking • ±0.9 acres of land holds - Great value • Price $2.2M • 100% vacant • 18’ ceilings with seven (7) dock doors • 22’ clear ceiling heights • 50 parking spots and a lot of recent updates SEAN UNGEMACH**** | PHILIP YU HARPREET SINGH* | MICHAEL HARDY* ANNE TANNER* | TIA HUDEMA CO-LISTED WITH MACDONALD REALTY HARPREET SINGH* ANDREW GREEN* 28 STRATA UNIT RESIDENTIAL/ INDUSTRIAL INVESTMENT DEVELOPMENT LAND FOR SALE ±3.8 ARE INDUSTRIAL FOR SALE HOTEL INVESTMENT IN WHISTLER OPPORTUNITY WITH UPSIDE IN BEAUMONT DEVELOPMENT OPPORTUNITY 19,119 SF STRIP MALL NORTHLANDS BOULEVARD, WHISTLER VILLAGE 19473 FRASER WAY, PITT MEADOWS BEAUMONT LAKES SOUTH, ALBERTA 31401 GILL AVENUE, MISSION 30 N THIRD AVENUE, WILLIAMS LAKE, BC

• A rare opportunity to acquire resort asset • 51,869 sf in 2 units • 30 acres of mixed-use land in Beaumont, Alberta • Excellent location in Mission for industrial • 19,119 sf on 0.88 acres in Whistler • Excellent parking; new roof; dock & grade • Next door properties have started development development • Corner location with high visibility • Can be operated as multi-family rental loading; yard areas • Excellent holding property, priced to sell • Access to Fraser River • Asking Price $1,200,000 property or hotel • Below market rents • Commercial, residential detached and attached • Vacant land with portion of land as an • 28 strata units may be sold separately in • Potential zoning upside zoning (bylaw pending) income property the future • Sale Price $9,800,000 (Only $189 psf) • Please contact listing agent for pricing BILL RANDALL* | BRETT AURA* RICK EASTMAN* HARPREET SINGH* HARPREET SINGH* BILL RANDALL* FOR SALE FULLY TENANTED INDUSTRIAL FOR SALE 2.698 ACRES OF PRIME FOR SALE - 168.7 ACRES 14727 108TH AVENUE & 14672 108A AVENUE INVESTMENT PROPERTY 3851 22ND AVENUE DEVELOPMENT LAND WITH RENTAL INCOME SURREY, BC CLOVERDALE INVESTMENT PRINCE GEORGE, BC LOT 2 - 750 DOMINION AVENUE, PORT COQUITLAM 2575 ALASKA HIGHWAY, FORT NELSON, BC

• High profile 1.64 acre income asset with • 22,500 sf freestanding manufacturing/distribution • 9,264 sf warehouse/office space • High exposure corner lot re-development potential warehouse • 10.1 acre lot (fully paved & fenced) • Light industrial with potential for retail/ • 11,000 sf building on 168.7 acres (includes office, coffee room & a parts room) • Superb location with access to several traffic • Dock & grade loading, fenced compound • Good holding income from a very showroom/office arteries; Direct access to 108th Avenue • Strong international convenant strong tenancy • Great access with 3 road frontages • Current lease rate is $273,900 net per annum for the building and 20 acres • Contact listing broker for asking price • Asking Price $7,350,000 • Only $1.75M per acre • Asking Price $4,900,000 MICHAEL HARDY* WILLIAM N. HOBBS* BILL RANDALL* BART VANSTAALDUINEN* | RICK EASTMAN* BILL RANDALL* NORTH VANCOUVER BUSINESS & ASSETS ON RARE INVESTMENT FOR SALE FOR SALE DEVELOPMENT SITE ±0.86 ACRE INDUSTRIAL LAND OPPORTUNITY IN PORT MOODY TWO REDEVELOPMENT SITES 250 HIGHWAY 97A VERNON/SPALLUMCHEEN, BC 751 LONSDALE AVENUE, NORTH VANCOUVER 28739 FRASER HIGHWAY, ABBOTSFORD 2325 ST. JOHNS STREET, PORT MOODY BRIDGEPORT VILLAGE, RICHMOND

• Development potential • ±0.86 acre / Light Industrial zone • Commercial-Residential investment property with • 8,052 sf corner lot in growing area • Located in Spallumcheen Valley • 2.8 FSR • Superb & desirable location on busy Fraser Hwy. one (1) commercial & three (3) residential units • OCP: 2 FAR; 25m max height; commercial only • 112 acres • Please contact listing agent for pricing • ±25,000 daily vehicles at Fraser Highway • Secure income and well-located on busy street • $27,480 (annual/gross) holding income • Industrial zoning and Bradner Road Intersection • Price $3,128,800 • Price $2,400,000 • Excellent highway exposure and access • Asking Price $5,950,000 • Asking $4,500,000 HARPREET SINGH* | JESS KUANG* BURTON VAN ALSTINE* | GORD AXFORD ALEX CHRONAKIS CO-LISTED WITH JOVI REALTY INC. CO-LISTED WITH ROYAL LEPAGE STERLING REALTY PHIL JOUBERT* 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 ULC ***Kevin Meikle is licensed with K.H.M. Realty Ltd. and has a contractual relationship with Cushman & Wakefield ULC / ****Sean Ungemach is licensed with SBU Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield ULC / 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 ULC VANCOUVER | LOWER MAINLAND | VANCOUVER ISLAND

Contents | APRIL 2018

OPINIONS & FEATURES NEWS & DEALS WESTERN PERSPECTIVE 6 Industrial-strength weed Frank O’Brien, Western Cannabis growers scramble for space 18 Investor editor, says B.C.’s Three money tips for new franchises misguided speculation tax How much, where and how to get it 20 exposes lack of consultation and real estate knowledge Done Deals Readers detail recent commercial transactions 26 FARMERS SHUT OUT OF LAND 16 With prices topping $300,000 per acre, farmers are the last people who can afford land in Richmond’s Agricultural Land Reserve ADVERTISING DIRECTORY REAL ESTATE FORUM 22 Jennifer Podmore Russell will Lower Mainland 2-23 chair the annual Vancouver Services 14 Real Estate Forum, to be held Vancouver Island 24-27 April 25 at the Vancouver Convention Centre West MORE OPPORTUNITIES SECTION B Interior B.C., Alberta & other provinces, recreation COVER FEATURE Robert Thurlow of McArthurGlen Designer Outlet: Metro retail developers see solid future in bricks and mortar. l ROB KRUYT 10

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

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CALL Don Munro [email protected] SUTTON GROUP 604-817-7338 www.donmunrorealestate.com WEST COAST REALTY COMMERCIAL/INDUSTRIAL COMMERCIAL/INDUSTRIAL ACREAGE ACREAGE Fill Site ABBOTSFORD ROBERTS CREEK LANGLEY • 600,000 cubic meter fi ll site on acreage property • Great exposure 34282 Manufacturers Way 2525 Lower Road 7025 272nd Street Warehouse (+/-5,814.11 Sq. Ft.) • 4.1 Acres Waterfront Property • 11.9 Acres beautiful mountain view property • Highway access • 20’ ceiling height • Call for Confi dential Details • 265’ of waterfront • Easy Access to the TransCanada • 4 Large Overhead Doors & 1 Smaller Overhead Door • less than 1/2 hour drive from ferry • 7,506 Sq. Ft. Main House SPRUCE GROVE, ALBERTA • 400 amp, 3 phase service • fi ve bedrooms each with own en-suite Main Floor (Offi ce Area +/-4,005.41 Sq. Ft.) • 2,507 Sq. Ft. Secondary House • 4,950 Sq. Ft. One and a Half Storey Home 26515A Township Rd 514 • reception counter, 2 offi ces, parts counter, wash- • 1,014 Sq. Ft. Garage • 35.25 Acre nursery with retail sales centre • Cedar Deck facing Ocean rooms and showroom • 2,299 Sq. Ft. Bike Garage $3,788,000 • +/-23,410 Sq. Ft. of Greenhouse Space • forced air, natural gas heat and electric hot water • Beautiful view property $3,998,000 • +/-6,735 Sq. Ft. of Seasonal Growing Houses • Principal Residence is +/- 2,956 Sq. Ft. home (Full Base- Second Storey (Offi ce Area +/-4,347.15 Sq. Ft.) 6895 & 6897 272nd Street ment with 4 Bedrooms & 2 Bathrooms) • +/- 2,397.14 Sq. Ft. large central storage area LANGLEY • 16’ x 56’, 2 Bedroom mobile home • +/- 341.74 Sq. Ft. lunchroom • Centrally Located 32.85 Acres CALL US FOR ALL THE DETAILS • +/- 207.96 Sq. Ft. of offi ces (5) 22526 Old Yale Road • Private Estate Property • +/-216.08 Sq. Ft. of Boardroom • 2.6 Acres country setting in the city • 2 Titles – 3 residences , pool, storage garages , stables & paddocks LANGLEY • +/- 2,570.49 Sq. Ft., 3 Bedroom Bungalow with PLEASE CALL US FOR LEASE RATES • 7,947 sq. ft. Main House with 6 bdrms, 5 bathrms 26877 Fraser Highway walk out to large covered patio and hot tub • 4,071 sq.ft. 2nd home 3 bdrms , 2 baths • Large +/- 540.45 Sq. Ft. attached garage • 11,513 Sq. Ft. Lot CHILLIWACK • 1,423 sq. ft. Equestrian residence 2 bdrms, 2 baths • +/- 400 Feet of Road Frontage along Fraser High- • +/- 372.88 Sq. t. RV Garage with room for several cars or an RV 8558 Chilliwack Mountain Road • +/- 2,080 Sq. Ft. Hobby Shop • 2,392 sq. ft 4 car garage way and Old Yale Road • 10 stall stables with feed storage , offi ce , tack • High Traffi c Location • 10.687 Acres • +/- 267 Sq. Ft. Outbuilding • Zoning C-3 • Concept A $2,250,000 room and grooming area - restaurant/fast food - bakeries - Landlord will be using the Northern Most Portion $10,800,000 - small convenience store Fronting Chilliwack Mountain Road 2866 256th Street 6681 Glover Road - gas bar/service station - taxi - 3 additional lots - All fronting Aitken Road • 31.35 Acres • 9.758 Acres - vehicle servicing and repair - veterinary clinics - Aligned with current city zoning M3(General • +/-4,042 Sq. Ft. Home with attached garage and • 4 Bedroom, 2 Storey Residence Built “1909” CALL FOR PRICING Industrial) and M4(Heavy Industrial ) single carport • +/-93,000 Sq. Ft. of Barns & +/-33,000 Sq. Ft. of Loft Space • Concept B • +/-875 Sq. Ft. Secondary Home • +/-2,459 Sq. Ft. Workshop • 3.5 Acres Parking 4140 200th Street - Landlord will be using the Northern Most • ALR “Think AG” – AG Retail, AG Commercial, AG • 10,207 Sq. Ft. Lot Lot Fronting Chilliwack Mountain Road • +/-2,375 Barn • Good central location • +/-3,033 Sq. Ft. Workshop/Hay Storage/Open Barn Industrial, AG Production, AG Tourism • +/- 952.91 Sq. Ft. of Retail - 4 additional lots - 2 fronting Aitken Road, 2 accessed off cul-de-sac • +/-4,412 Horse Exercise Center with +/-859 Sq. Ft. Storage • Zoned RU-3 • +/- 1,071.09 Sq. Ft. of Storage, Lunchroom & Maintenance Room • +/-245 Sq. Ft. Outdoor Riding Arena • +/-1,364 Sq. Ft. Second Floor, 2 Bedroom Suite - Rezoning needed to M1(Light Industrial) and/or • Close Proximity to Everywhere • NCP shows Commercial Village Zoning M2(Service Industrial) • +/-133 diameter circular outdoor riding arena • Part of Old Hudson Bay Farm $2,000,000 CALL US FOR ALL THE DETAILS CALL FOR FURTHER DETAILS $4,995,000 or FOR LEASE ✓ VALUE FOR $ ✓ GOOD RETURN ✓ TENANT COVENANT ✓ UPSIDE ✓ CAREFREE A4 | LOWER MAINLAND WESTERNINVESTOR.COM | APRIL 2018

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

DEVELOPMENT SITE QUILCHENA PARK ESTATES WATERFRONT DEVELOPMENT OPPORTUNITY BED AND BREAKFAST SKI CHALET

SALE SALE SALE SALE

234 West 3rd Ave, Vancouver, BC Residential Development Opportunity in Richmond, BC South Vancouver Island Waterfront Development 9005 Skiers Rest Lane, Whistler, BC • 18,154 sq. ft. corner lot • Site Size: Approx. 5.64 Acres Opportunity • 12 min north of Whistler Village • Mount Pleasant Industrial Area • 68 strata units • Over 10 acres zoned and ready to be developed • Private Setting • Skill Hill Nearby • 54,462 buildable SF (3.0 FSR) • Contact listing agents for more information • Mixed use project up to 500,000 buildable SF • 1.16 Acres (50,565 SF) • Deadline for offer submission on April 8, 2018 • $3,600,000 • Contact listing agents for more information Edward Chiu, Matt Nugent* Chris Midmore, Don O’Brien Hans Van de Kamp, Edward Chiu, Matt Nugent* Andrew JD Scott* 604.714.5524 Nick Goulet*, Stuart Wright*, Eric K. Poon* 604.736.5611 Chris Midmore, Brian Tattrie

STRATA RETAIL INVESTMENT OPPORTUNITY APARTMENT & DEVELOPMENT SITE! VICTORIA MOTEL FESTIVAL LANDS & RV PARK

SUBJECT

SALESALEMark Hagedorn* 604.714.5524 SALE SALE SALE

1500 Hornby St, Vancouver, BC 1030 Harwood St, Vancouver, BC Residential Income Property Price: $4,180,000 Former Site of Merritt Music Mountain Festival • Located at Hornby St & Beach Ave • 3 Storey with 30 Suites - Downtown Vancouver • 24 Units w/ Kitchens, 24 Parking Spaces & 25 Elec- • 490 Acres • 2 strata units joined • Site Size: 12,969 SF (99’ x 131’) tric Meters • Major Upgrades – Meticulous Throughout • ALR Zoned • 1,540 SF • Zoned RM-5A Multiple Family • Lot Size – 11,065 SF; Building 13,853 SF • 3 hour drive from Vancouver • Leased until Sept 2019 Asking $1,980,000 / $1,286 PSF • Assessments: $23,390,100 • Asking $7.0 million Brian Tattrie 604.714.4783 Cynthia Dong* 604.518.8230 Hans Van de Kamp & Gavin Lee 250.704.8275 Brian Tattrie 604.714.4783

RETAIL CORNER W/ DEVELOPMENT POTENTIAL HOT SPRING RESORT! MARINA HOTEL & LIQUOR STORE! CAMPBELL RIVER RETAIL/OFFICE BLDG.

SALE SALE SALE SALE

1801 Commercial Drive & 1656 East 2nd Avenue 7050 Trans Canada Hwy, Revelstock, BC 6555 Hardy Bay Rd, Port Hardy, BC Exclusive Listing Price: $1,750,000 • Consists of two (2) lots totaling approximately • 205.171 Acres • Hot mineral pools, 200 camp- • 2.6 acres of waterfront land, 4 acres of water • Waterfront – City Core Location 11,654 and a 8,109 SF retail building sites, RV Park, and mountain Chalets and cabins lease, 1000 ft new & reconditioned docks, full • 7 Lease Premises – Current Cap. Rate 6% • Bid Process. Contact Agent for guidance. • Located between Mount Revelstoke and Glacier service restaurant and pub, liquor store, marine • Cap. Rate 7.8% when Fully Leased National Parks, 6 hours away from Vancouver. store, fuel dock, storage and laundry facilities. • Includes Fore-Shore Lease

Eric K. Poon* 604.714.4768 Cynthia Dong* 604.518.8230 Cynthia Dong* 604.518.8230 Hans Van de Kamp 250.704.8275

MULTIFAMILY SITE – 25 ACRES 9 UNIT APARTMENT COMPLEX MULTIFAMILY - 201 UNITS 6-SUITE APARTMENT BUILDING

SALE SALE SOLD SOLD

Terrace, BC – Residential Subdivision Prince George, BC Central BC - 4 Properties 866 East Broadway, Vancouver, BC • 33’ x 122’ lot in newer residential neighbourhood. • Mostly flat site with services to property • Cedarwood Manor is a well managed investment • Extensive updates – 9% Cap Rate • Multifamily development potential property located a short walk from the University • RM-4N Zoning • Gross rents average $148k/month • 6-suite apartment building with 2,013 square foot • Price: $4.75 M Hospital and numerous other amenities. Price: $975,000 • Price: $10.95 M of ground floor commercial space • $3,050,000 Bruce Long* 604.312.2000 Bruce Long* 604.312.2000 Bruce Long* 604.312.2000 Dan Schulz* & Chris Winckers 778.999.5758

experience. Western Canada’s largest integrated real estate firm.

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 APRIL 2018 | 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 888 Fairview Road 1098 Wilson Crescent 7265 Arcola Street 1035 Howie Street Penticton, BC Squamish, BC Burnaby, BC Coquitlam, BC NEW LISTING FOR SALE FOR SALE FOR SALE

• 46 unit apartment building • Well maintained by • Centrally located in • Desirable mix of 40 units • 48 units located in the future up zoning • Over $1.1M in Cap Ex • Upside potential available in a growing Okanagan professional caretaker downtown Squamish (1 U/A) developing Highgate • 40% renovated, with value recently invested with proven renovation city • Desirable suite mix • Massive revenue upside • Unprecedented 0% neighbourhood add potential on remain • 70% of units renovated program on remaining • ƛ"/01"//&Ɯ /"12/+ • Low vacancy of 0.09% potential vacancy rate in Squamish • 31,000 sf lot is ripe for unit renovations units [email protected] [email protected] [email protected] [email protected] 2035 West 5th Avenue 269 West 4th Street 3701 Princess Avenue 2067 Pandora Street Vancouver, BC North Vancouver, BC North Vancouver, BC Vancouver, BC FOR SALE UNDER CONTRACT UNDER CONTRACT SOLD

• Prime Kitsilano location • Rents are 11% below • 47 units situated on a • Over $1.9 M of Cap Ex • 57-unit townhome rental • 9 acres plus lot with two • Located in hip, up and • Approx. $140,000 of Cap Ex • True value-add CMHC values approx. 23,986 sf lot completed complex; 2 & 3 bedrooms lakes, walking trails , coming “East Village” since 2013 opportunity with • Scale ideal for self • Premier Lower Lonsdale • 68% of units completely • Spacious units with common court yard, and a • Superb curb appeal • Building scale is ideal for 0&$+&Ɯ +1/"3"+2"2-0&!" management location renovated ,+!,Ȓ.2)&16Ɯ+&0%"0 heated swimming pool self management [email protected] [email protected] [email protected] [email protected] INDUSTRIAL PROPERTIES FOR SALE IntraUrban Rivershore 1600 - 1610 Derwent Way 1648 Alaska Highway Unit 110 7110 120th Street Richmond, BC Delta, BC Dawson Creek, BC Surrey, BC FOR SALE FOR SALE FOR SALE FOR SALE

• Waterfront strata units • ESFR Sprinklers • Industrial strata space • Concrete tilt-up • 1.30 acre commercial • Municipal services at • Retail space with Scott • Improved space as bank • Flexible unit sizes • T5 lighting • Units starting at 3,200 s.f. construction development site lot line Road exposure • Excellent access to Transit • Dock and grade loading • Fraser River views • Dock level loading • T5 lighting • &$%-/,Ɯ)"), 1&,+ • C-3 (commercial highway) • 2,197 s.f. and location amenities • 26’ ceiling height • Central urban location • Dock levelers • Central location • Corner site zoning • 6 parking stalls • Vacant possession available [email protected] [email protected] [email protected] [email protected]

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

LOWER MAINLAND DEVELOPMENT SITES DEVELOPMENT SITE IN LAKE ERROCK FOR SALE MissionMMii 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

experience. Western Canada’s largest integrated real estate firm.

*Personal Real Estate Corporation macdonaldcommercialmacdonaldcommercial.com.com A6 | LOWER MAINLAND WESTERNINVESTOR.COM | APRIL 2018 NDP failed to think through its “speculation tax” COMMENT | It is becoming blatantly obvious that members of the current B.C. government have scant PUBLISHER: Doug Foot experience in business or real estate, and ignore the consultation needed to assess potential damage EDITORIAL DIRECTOR: Joannah Connolly EDITOR: Frank O’Brien he B.C. provincial NDP “Your proposed tax misses tweaking the legislation — “this CONTRIBUTING WRITERS: Nelson Bennett, Patrick government should im- WESTERN the target of limiting real estate legislative proposal is so flawed Blennerhassett, Tanya Commisso, Geoff Kirbyson, mediately change the PERSPECTIVE speculation by foreign investors it cannot be tweaked.” Glen Korstrom, Tyler Nyquvest, Frank O’Brien, T Graeme Wood speculation tax it rolled out in and lands a bull’s eye on Can- This would not be the first time PROOFREADER: Meg Yamamoto its February budget with spec- adians, including British Col- the government has had to back- PRODUCTION: Darko Isic, Arslan Sultan tacularly ugly results. Nanaimo has joined West Kelow- umbians, who support our rural track on misguided real estate ADVERTISING SALES: Lorena MacDonald, The tax makes every other Can- na as the latest groups urging the economies,” she writes in her legislation. David Witherspoon ADVERTISING SALES CO-ORDINATOR: Angela Foster adian a foreign buyer and even government to rethink the tax. letter. It is also rushing to patch holes CIRCULATION: Angela Foster taxes British Columbians who West Kelowna council voted West Kelowna Mayor Doug in its clumsy “dual agency” regu- NEWSSTANDS: Globe Distribution Services have managed to secure a sea- unanimously to seek an exemp- Findlater said developers are al- lations, which it was forced to PRINTED: In Canada at Kodiak sonal recreational property, such tion from the proposed tax cover- ready hitting the brakes on local postpone for three months after Western Investor is published monthly by as a ski condo or a cottage. ing the entire community. real estate projects. a real estate industry outcry; and RE Weekly Limited Partnership VANCOUVER HEAD OFFICE: 303 West 5th Avenue, Destination communities, and The Nanaimo regional district “Suddenly, the development it has scrambled to “clarify” that Vancouver, B.C. V5Y 1J6 owners, across B.C. are outraged board, also voted unanimously market is freezing up,” Findlater its new school tax won’t hammer SUBSCRIPTIONS AND ADVERTISING SALES: and speaking out against the tax, to “object to the speculation tax said, adding some projects are owners and builders of badly- Tel: 604-669-8500 Fax: 604-669-2154 and for good reason. in any form, in any region or mu- being put on hold. needed rental housing. Canada/U.S. toll-free: 1-800-661-6988 Carole James We appreciate that members of Canadian publications mail product sales agreement The speculation tax would apply nicipality in B.C.” Finance Minster #40069240, GST #105655567 to properties owned by people Pat Carney, a former Conserva- said she is reviewing the tax, the current provincial govern- Copyright 2018. While every effort is made to who don’t live in it year-round. tive senator and federal cabinet which would cost seasonal prop- ment lack experience in business ensure the accuracy of articles and advertising On a modest-priced $500,000 minister has written Premier erty owners $5 for every $1,000 of or real estate, but does it have to that appear in each edition of Western Investor, seasonally used recreational John Horgan about the damage their property’s assessed value be so blatantly obvious? ■ the publisher may not be held responsible for any errors or omissions that may from time to time property, the annual tax would the tax will level on people who this year and increase to $20 for occur. No part of this publication may be reprinted be $2,500 this year and $10,000 live in rural B.C. and also have every $1,000 of assessed value FRANK O’BRIEN in any medium without the express written in 2019 and every year after. properties in the Lower Mainland in 2019. | Editor permission of RE Weekly Limited Partnership. The Regional District of or the Greater Victoria area. Carney dismisses the idea of [email protected] ADVERTISING DEADLINE MAY 2018 issue: NEXT MONTH: HOTELS AND MOTELS; TECH AND REAL ESTATE; CLOSE-UP ON ABBOTSFORD AND MISSION April 9, 2018

HQ COMMERCIAL 320 - 1385 West 8th Ave www.hqcommercial.ca Vancouver, BC V6H 3V9 office 604 899 1122

MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY UNDER CONTRACTNEW UNDER CONTRACT

MC2 2146 W 43RD AVE, VANCOUVER 1537 BURNABY ST, VANCOUVER 2231 ETON ST, VANCOUVER 1555 E. 1ST AVE, VANCOUVER Marine & Cambie -110 suites Kerrisdale development site improved West End apartment building featuring 16-suite well maintained building. Views. Grandview-Woodlands neighbourhood Two concrete luxury rental properties with a 16-suite co-op apartment building 24 suites (including penthouse) Grandview-Woodland neighbourhood 13-suite apartment building. 2.4 FSR $54,000,000 $11,990,000 $9,550,000 $5,850,000 Call for price

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

MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY MIXED-USE SOLD SOLD SOLD SOLD SOLD

NOVARE 3591 OAK ST, VANCOUVER 420 ELEVENTH ST, NEW WESTMINSTER 1406 LABURNUM ST, VANCOUVER 2340-50 ST. JOHNS STREET, P MOODY 527 Carnarvon St, New Westminster 26-suite co-op apartment building 61-suite apartment on massive ~1 acre Kits Point apartment building featuring Mixed-use townhouse complex New purpose-built rental tower 132’ x 120’ lot. Shaughnessy area site Brow of the Hill neighbourhood 10 suites (6/10 suites renovated) 10 units: 7 residential / 3 commercial 282 residential & 5 CRUs $15,950,000 $14,500,000 $7,000,000 $5,350,000

David & Mark Goodman* David & Mark Goodman*, Cynthia Jagger* David & Mark Goodman*, Cynthia Jagger* David & Mark Goodman*, Cynthia Jagger* Mark Goodman*, Cynthia Jagger*, Sam Emam*

DEVELOPMENT DEVELOPMENT DEVELOPMENT DEVELOPMENT DEVELOPMENT NEW NEW NEW REDUCED SOLD

BRISTOL ESTATES-13301 104TH AVE METROTOWN HIGH DENSITY SITE 1554 GEORGE ST, WHITE ROCK JOYCE-COLLINGWOOD, VANCOUVER 7444 EDMONDS ST, BURNABY Rare-6.38 acre multi-high-rise develop- 6675 & 6691 Dow St, Burnaby High-rise development site (18,134.69 SF) Mixed-use redevelopment site High-density mixed-use development ment site in Surrey City Centre Site size 35,580 SF. Up to 6.3 FSR Build up to 18 storeys (3.5 FSR) Site size 13,860 SF (132’ x 105’) site in the Edmonds/Highgate area $98,000,000 Unpriced Bid Process Call for price guidance $21,888,000 $3,480,000

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

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 APRIL 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A7

A Different Approach to Real Estate Solutions www.avisonyoung.com 604.687.7331

FOR LEASE/SALE: BENCH - 353 Railway Street, Vancouver, BC FOR SALE: 33886 Pine Street, Abbotsford, BC

• Modern Railtown development available Q3 2019 • 52,709 sf lot

• 5,443 – 35,050 sf available featuring water and mountain views Pine St • Medium Density Residential Development Site Gladys Ave

• Private balconies on each floor 1.21 • 2.00 floor space ratio (105,416 sf) acres • Designed by Gair Williamson and developed by Rendition • Asking price: Contact listing agents George Ferguson Way Jake Luft / Justin Omichinski* / Nabila Lalani Robert Greer* / Carey Buntain FOR LEASE: Central Park Village, 3068 Gladwin Road, Abbotsford, BC FOR SALE: 8238 129 Street, Surrey, BC

• Mixed use development with retail, office and residential • Fully leased single tenant industrial facility • Access with fully controlled intersection off Gladwin Road • 77,729 sf on 1.88 acres • 5,000 sf grocery opportunity • New 10 year lease with escalations • High profile restaurant opportunities Jeron Dillon / Daniel Lee* 5% RETURN! Robert Greer* / Michael Farrell FOR SALE: 748 E Broadway, Vancouver, BC FOR LEASE: Campbell Heights West Business Park, Surrey, BC

• Commercial/residential building • New industrial space for lease in Campbell Heights • Restoration opportunity • Building 200 under construction, with targeted completion of Q2 2018 • 4,028 sf site size (3 FSR) • Flexible bay sizes from 3,700 up to 202,106 sf

Mehdi Shokri* / Nestor Fourik UNDER CONSTRUCTION Garth White* / Joe Lehman / Mathew Sunderland* FOR SALE: 1649 Pandosy Street, Kelowna, BC FOR SALE: 205 West 5th Avenue, Vancouver, BC

• 12,000 sf site located at the northeast corner of Pandosy St. and Leon Ave. • Maximum total density of 3.0 FSR and maximum height of 60’ OLYMPIC VILLAGE STATION CAMBIE STREET BRIDGE • ~120 ft. of frontage along Pandosy St. in the heart of Downtown Kelowna 205 WEST 5TH AVE • Prime location with ease of access to Metro Vancouver/Downtown WEST 2ND AVE • Designated Mixed Use (MXR) in Kelowna OCP – 9.0 FSR maximum density • Short 5-minute walk to Cambie/Broadway transit corridor WEST 5 CAMBIE ST YUKON ST TH AV BROADWAY CITY HALL WEST 7 COLUMBIA ST TH AVE • Short-term holding income in place STATION • Steps away from Olympic Village ST

ONTARIO Struan Saddler* / Jason W. Mah* Bal Atwal* WEST BROAD FOR SALE: 1510 W 71st Avenue, Vancouver, BC FOR SALE: 33991 Gladys Avenue, Abbotsford, BC

• 10,434 sf medium-density residential redevelopment site • Government tenanted investment property DEVELOPMENT • Existing C-2 zoning allowing for 2.50 FSR - 26,085 sf gross buildable area POTENTIAL • 70,000+ sf, newly constructed 3-storey office building EXISTING OFFICE • 99 ft. of frontage along Granville Street BUILDING • 4+ acres of land with 1.7 acres of excess developable land (est) • Currently improved with an ~2,500 sf single-storey building

UNDER CONTRACT Bal Atwal* Matt Thomas* / Mehdi Shokri* FOR SALE: 1369–1377 Kingsway, Vancouver, BC FOR SALE: 1130 & 1132 West 15th Street, North Vancouver, BC

• 12,128 sf mixed-use development opportunity • Multi-tenant industrial building in North Vancouver • Located in the heart of the Kingsway Corridor • Ideal opportunity for an owner/user or investor • Clean Phase 1 Environmental available • Located just two blocks from Marine Drive and one block from • Contact the listing agents Pemberton Avenue

UNDER CONTRACT Michael Buchan* / Robert Greer* Matt Thomas* / Jennifer Devlin FOR SALE: 1958 Barclay Street, Vancouver, BC SOLD: 1450 Burnaby Street, Vancouver, BC

• 42 suite concrete high rise rental apartment building in the West End • 42 unit concrete high-rise rental apartment building in the West End • Suite mix: 16 bachelors, 25 one-bed and 1 two-bed penthouse suite • Excellent value add opportunity • Exceptional location, West of Denman Street, one block to Stanley Park • Suite mix: 41 one-bedrooms & 1 two bedroom penthouse • Lot size: 8,646 sf • Lot size: 8,625 sf

Chris Wieser / Rob Greer* / Carey Buntain SOLD Chris Wieser / Rob Greer* / Carey Buntain FOR SALE: 31786 Marshall Road, Abbotsford, BC FOR SALE: 291 Fairview Road, Oliver, BC A

Marshall Road Trans Canada Highway • 1.41 to 7.89 acre industrial lots • High profile, well-maintained retail & office investment property (to 16th Avenue in 2019)

StructureCraftStructureCraft Magnum VersaVersa Cold • To be zoned and serviced by current owner • Fully-leased with notable anchor tenants Trailer Challenger (6 lanes by 2022) Motor br Freight JR Hall Clear • Call for lot sizes and pricing • Long term leases in place Subject Property

Lilydale

Mayne Coatings/ Gateway East Business Centre Michael Farrell Derek Lee / Bill Elliott* Tim Hortons SOLD: 3680 East Hastings Street, Vancouver, BC FOR SALE: 331 Moody Avenue, 658 E 3rd Street, North Van, BC

• Currently improved with 33,683 sf office building • Townhouse development opportunity • 13,949 sf corner site with future redevelopment potential • Designated medium density residential level 4-A • High profile location in the transitioning East Vancouver marketplace • 2 adjacent residential lots totally 13,700 sf • Avison Young represented the Purchaser in this transaction • Prime Lower Lonsdale location with views of Burrard Inlet/Downtown

SOLD Michael Buchan* / Jeron Dillon Matt Thomas* / Mehdi Shokri*

*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 | APRIL 2018

INCISIVE INTELLIGENCE. 604 684 8844

#1 IN CANADA - ROYAL LEPAGE COMMERCIAL 2017 www.kleingroup.com

RESIDENTIAL LOT FOR SALE HIGH RISE DEVELOPMENT | BURNABY BC LOW-RISE TOWNHOUSE | NORTH VANCOUVER BC COQUITLAM BC

FOR SALE

JUST LISTED COMING SOON

•4 Single Family Homes

•Lot size: 10,225 SF

•Development Permit Ready [KEVIN CHIANG, GRAEME LIN]

TOWNHOUSE DEVELOPMENT SITE BURNABY BC

•Mixed-Use High Rise Site •250’ lot width •Multifamily/Townhouse Site •72,000 SF to 164,000 SF buildable •10 parcels; land size ~60,000 SF •294,000 SF buildable •1.2 FSR to 1.75 FSR •Rental bonus denisty potential [ERIC WU] [RAMAN BAYANZADEH] •Land Size ~37,000 SF

•Townhouse Site - Royal Oak Urban Village CALL FOR BID PACKAGE PRE-REGISTER NOW •5 mins from Metrotown Centre [ERIC WU]

TOWNHOUSE SITE DEVELOPMENT SITE | VANCOUVER BC DEVELOPMENT SITE | PORT COQUITLAM BC NORTH VANCOUVER BC

JUST LISTED COMING SOON

•Ready to Build Townhouse Site

•No Underground Parking Required

•Bonus Density with no CACs [POURIA NIKRAVAN, RAMAN BAYANZADEH]

MIXED-USE LOW RISE SITE SURREY BC

•Prime Corner Location: McGill & Nanaimo •Grandview Woodland OCP; 34,300 SF •Potential Mixed Use Mid-Rise Site •Close to Downtown Port Coquitlam •Purpose Built Rental buidable •~92,000 SF Lot Size [KEVIN CHIANG, DEAN THOMAS, EUGEN KLEIN] [RAMAN BAYANZADEH, POURIA NIKRAVAN, DEAN THOMAS] •~3 Acres of Land in Clayton, Assignment

•Over 100 Condominiums CALL FOR BID PACKAGE PRE-REGISTER NOW •1st Level Commercial •C-15 Zoning [SALLY SO]

CENTRAL SURREY SITE INDUSTRIAL FOR SALE/LEASE | BLAINE WA RESIDENTIAL LOTS FOR SALE | MAPLE RIDGE BC SURREY BC

VANCOUVER 1HR NORTH •Silver Valley, Maple Ridge BC •8 RS-1B Lots for Sale CITY OF BLAINE FOR SALE •Average Lot Size: 6,000 SF •Average Home Size: 4,000 to 4,800 SF HWY 543 70% LESS THAN GVRD •Family Oriented Community 176TH STREET • [DEAN THOMAS, GRAEME LIN] 76,000 SF Land Size, Assignment INDUSTRIAL LAND PRICES CANADA/US • BORDER 2.5 FSR (Potential of 4.5 FSR) •No rezoning required $649,000/LOT [SALLY SO] SEATTLE 2 HRS SOUTH LOW RISE DEVELOPMENT SITE 21 TOWNHOUSE DEVELOPMENT | BURNABY BC NORTH VANCOUVER BC •3.98 to 45 Acres Available; 10,000 SF - 500,000 SF Buildable - Build Ready! •Located in Burnaby/Edmonds area •300,000 SF Contiguous Single Site, 1,900’ Exposure to Highway I-5 and SR-543 •Total lot size: 26,250 SF •$230,000 to $280,000 USD per Acre; $6.00 - $7.00 / SF Lease Rate on New Build to Suit FOR SALE •FAR 0.9 (23,640 SF Buildable) •%LQGLQJ6LWH3ODQ7UDIûF6WXG\:HWODQG0LWLJDWLRQ$UP\&RUSV '2($OO$SSURYHG •Preliminary Plans Available • 8VHV7HFK&DPSXV2IûFH0HGLFDO5HWDLO0DQXIDFWXULQJ'LVWULEXWLRQ:DUHKRXVLQJ&ROG6WRUDJH •Project Passed First Reading Free Trade Zone [EUGEN KLEIN, RAMAN BAYANZADEH, DEAN THOMAS] [DEAN THOMAS, KEVIN CHIANG] •Over ~82,000 SF buildable •Over 100 condominiums units potential

•Close to Transit Hub

$900,000 - $12,900,000 USD $7,500,000 •Applications Ready in April [SALLY SO]

Raman Bayanzadeh Sumir Chauhan Kevin Chiang Solmaz Kaynama Eugen Klein Pouria Nikravan Sally So Dean Thomas Eric Wu David Xin Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Investment & Leasing Investment & Land Investment Investment Investment Investment & Leasing Investment & Land Investment & Land Investment Investment Royal LePage Sussex Klein Group | Suite 204 345 Robson Street | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 1 866 352 9311 | TF 1 855 684 8844 | www.kleingroup.com APRIL 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A9

RESULTS DRIVEN. 604 684 8844

#1 IN CANADA - ROYAL LEPAGE COMMERCIAL 2017 www.kleingroup.com

RETAIL SPACE FOR LEASE PRIME RETAIL | NORTH VANCOUVER BC AAA INVESTMENT OPPORUNITY | VANCOUVER BC VANCOUVER BC

•Single AAA Tenant, 10+ Year Lease

•City of Vancouver

•New Building FOR SALE •~3.5% cap rate

[ERIC WU] •Heart of Mount Pleasant •1,376 SF; 3 Parking Stalls

•$45/SF $110M - $120M [ERIC WU, RAMAN BAYANZADEH, SUMIR CHAUHAN]

FREE STANDING BUILDING WAREHOUSE SPACE FOR LEASE INDUSTRIAL LAND FOR SALE VANCOUVER BC SURREY BC SURREY BC

JUST LISTED •High Visibility on Businest Retail Street •500 SF to 5,100 SF Subdividable Spaces •Prime Corner on Marine Drive •Owner Lease Back •[RAMAN BAYANZADEH, POURIA NIKRAVAN] •6,300 SF Lot, 2.5 FSR •2 Level Strata Unit •Easy Accessibility

•Two Storey Building with 55’ Frontage •5, 640 SF total •/RW6L]H6) üDWORW

•+LJK7UDIûF$UHD)UDVHU6WUHHW •Zoning: IL (Multiple Use) •Zoning: IL1 (Best Use for Truck/Equip. Parking) $3,999,000 [SUMIR CHAUHAN] •$4,300,000 [RAMAN BAYANZADEH, KEVIN CHIANG] •$13 / SF [SUMIR CHAUHAN] •$540,000

INDUSTRIAL BUILDING FOR LEASE MOBILE HOME PARK FOR SALE MOBILE HOME PARK FOR SALE MULTIPLE OFFICE UNITS FOR LEASE | DELTA BC SURREY BC FORT ST. JOHN BC COURTENAY BC

•8035 120th Street (Scott Road) •&RUQHU([SRVXUH+LJK7UDIûF JUST LISTED •Up to 6 Units Available JUST LISTED •620 SF - 2500 SF, Free Customer Parking

•Tenant Incentive Packages Available • • • 3 Acres [SUMIR CHAUHAN, RAMAN BAYANZADEH] Free Standing 34.5 Acres, 70 Mobile Home Pads / 14 RV Pads •25 Pads / 2 RV Sites / 1 Cabin (2 Suites) •19,967 SF Lot; 9,812 SF Warehouse •Expansion Potential, No Vacancy •City Water, Sewer & Garbage Collection •Zoning: IL •Close to Downtown, Full Package Avail. [EUGEN KLEIN] •$3,250,000 [EUGEN KLEIN] $13 / SF •$12/SF [SUMIR CHAUHAN] •$3,750,000

MOBILE HOME PARK FOR SALE MULTIFAMILY FOR SALE | 100 MILE HOUSE BC ROCK CREEK BC RESIDENTIAL DEVELOPMENT LAND | QUESNEL BC

•Priced Below Assessment; $5,000 / lot

•Multifamily, Condominium & Single Family Home Development Potential JUST LISTED •Riverfront, Close to Town Centre •Parcels Available (1 to 23 Acres) •3.19 Acres, 15 Pads, No Vacancy [EUGEN KLEIN] •Low Maintenance, Ideal Retirement Income

•9.1% Cap Rate

•$549,000 [EUGEN KLEIN] $450,000 - $2.5M

MOBILE HOME PARK FOR SALE MACKENZIE BC COMMERCIAL DEVELOPMENT LAND | QUESNEL BC

•Priced Below Assessment

•1 to 12.25 Acre Parcels

•Prime Business District

•8QLW6WUDWDûHG8QLW,QYHVWPHQW •6.5% Cap Rate, 1 Vacancy •City will Consider Multiple Uses and •1/2 Bachelor + 1/2 Bedroom Mix •Top Rated Rental Property [EUGEN KLEIN] Rezoning Options •120 Pads, 14% Potential Cap, 7% Current [EUGEN KLEIN] •Close to Town Centre, Town Services $2,750,000 •Full Package Available •$2,400,000 [EUGEN KLEIN] $200,000 - $1.2M

TOWNHOUSE DEVELOPMENT DOWNTOWN HIGH RISE MHP & LAND FOR SALE BURNABY BC NEW WESTMINSTER BC CAMPBELL RIVER BC STAY CONNECTED ?

JUST LISTED Would you like to receive our exclusive listings, foreclosures, estate sales, and i property features before they are printed? •Combination Sale: 23 Pad MHP, Fully Occupied •25,422 SF Land Size; 1.1 FSR •Block Away from New Westminster Station •66 Pad Expansion / Plans Completed •Kingsway Ave / Burnaby Edmonds Area •Over 190,000 SF Buildable Choose what you receive. Stay connected as you prefer. To subscribe •City: Water, Sewer, Garbage Collection •Under $8,000,000 •Full Package Available email us at [email protected] or visit kleingroup.com •$2,700,000 [EUGEN KLEIN] [SALLY SO] [SALLY SO]

Raman Bayanzadeh Sumir Chauhan Kevin Chiang Solmaz Kaynama Eugen Klein Pouria Nikravan Sally So Dean Thomas Eric Wu David Xin Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Investment & Leasing Investment & Land Investment Investment Investment Investment & Leasing Investment & Land Investment & Land Investment Investment Royal LePage Sussex Klein Group | Suite 204 345 Robson Street | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 1 866 352 9311 | TF 1 855 684 8844 | www.kleingroup.com A10 | LOWER MAINLAND WESTERNINVESTOR.COM | APRIL 2018 Metro retail developers confident in bricks and mortar COVER | Existing shopping malls are renovating, expanding and adding condominiums

at some point in the future. includes more than doubling By GLEN KORSTROM, “We’re the No. 1-performing the size of the mall to 1.1 million BUSINESS IN VANCOUVER outlet centre in Canada,” Thur- square feet while adding, even- [email protected] low told Business in Vancouver, tually, up to 11 towers, including citing $1,220 in sales per square some that will soar up to 600 feet cArthurGlen Group’s foot per year from his mall’s more tall, or nearly as tall as the Trump outlet mall near Van- than 70 tenants. tower in downtown Vancouver. Mcouver International That figure would rank his Shape has also started to re- Airport is poised to launch con- mall as the third most product- develop its Lougheed Town Cen- struction on a second phase with- ive shopping centre in B.C., be- tre in eastern Burnaby, on the in the next six weeks, making that hind Oakridge ($1,579 per square Coquitlam border. nearly three-year-old mall the foot) and Pacific Centre ($1,531 Construction on the first part latest shopping centre in the re- per square foot). of the multi-phase project that gion to redevelop. The Retail Council of Can- Shape’s marketers dub “the City Despite the rise in e-commerce ada, which provided sales- of Lougheed” has broken ground, shopping, bricks-and-mortar per-square-foot numbers for and the company’s vision is to shopping malls across the re- Oakridge and Pacific Centre, did have 23 high rise towers on 40 gion – Park Royal, Oakridge not rank the McArthurGlen mall acres around the mall by the late Centre, Brentwood Town Cen- in its annual survey released in 2040s. tre, Lougheed Town Centre and December, because no one from Over in West Vancouver, Park others – are redeveloping to re- McArthurGlen provided data Royal is in the final stage of its fresh their looks, add space or at the time, said retail analyst Robert Thurlow, general manager of McArthurGlen Designer Outlet near multi-year redevelopment. build condominium towers on and Retail Insider Media owner Vancouver Airport, expects that his mall’s second phase will open by “Cineplex is building out 45,000 parking lots. Craig Patterson, who compiled the spring of 2019. | ROB KRUYT square feet of cinemas on the What makes McArthurGlen’s the study. south side [of Marine Drive],” property different from these “I’ve heard anecdotally that said Rick Amantea, who is vice- regional malls, however, is that the centre is quite busy fairly Centre, is set to be one of the lar- president at Park Royal for owner it is an outlet mall, with many de- consistently,” said Patterson, gest the city of Vancouver has Larco Investments Ltd. signer stores that sell discounted before adding that he has heard ever seen. Larco finished work on the merchandise. Metro Vancouver’s other outlet Though scaled back to nine high mall’s 400,000-square-foot It also attracts a disproportion- mall – Tsawwassen Mills – has rise towers from 11, and around north side in December, after ate number of tourists as shop- struggled since it opened in Oc- 2,000 homes from 2,334, the extensive earlier work on the pers because the mall is two tober 2016. Oakridge redevelopment is set to mall’s one-million-square-foot stops on the Canada Line from Tsawwassen Mills representa- be under construction for nearly south side. the airport. tives declined BIV’s request for seven years while the mall re- New tenants on Park Royal’s That winning combination of a comment. mains open. Construction could north side include Saks Off Fifth, prime location plus the distinct- “The big story in the Lower start later this year. Steve Nash Fitness World and iveness of being an outlet mall has Mainland is that many of the Shape Properties and Health- Loblaws City Market. helped drive sales, said general current shopping centres are in care of Ontario Pension Plan, “Metropolis at Metrotown manager Robert Thurlow. a state of transition,” Patterson meanwhile, are embarking on a will also be interesting to watch He plans to open an added. similar-sized, 28-acre redevel- QuadReal’s redevelopment of because Sears has closed on its 84,000-square-foot addition to Indeed, QuadReal’s planned opment that includes Brentwood a 30-acre Vancouver site that north side,” said Patterson. his 240,000-square-foot cen- redevelopment of a 30-acre site Town Centre. includes Oakridge Centre mall will “On the south side, they still tre by spring 2019 and then add a at Cambie Street and West 41st The plan for what developers be one of the largest the city has haven’t said what will happen to 65,000-square-foot third phase Avenue, which includes Oakridge dub “the Amazing Brentwood” ever seen. | QUADREAL the old Target space,” he added. ■

604.779.6644

Developers / Investors: WANTED: Contaminated sites PRIME WEST END LOCATION FOR SALE OPPORTUNITY FOR 2 My clients are looking for FRONT TO BACK DUPLEX LOTS sites to remediate and then develop. Industrial/ 66011011 SPROTTSPROTT commercial, gas stations, etc. Joint venture or outright SSTREET,BURNABY,TREET,BURNABY, BCBC purchase. MULTIFAMILY – LOW RISE APARTMENT BUILDING NEEDED Development Properties! Builders/ Developers/ Investors & Owner Occupier’s: Excellent opportunity 1365 Burnaby Street, West End Vancouver, BC to own (66x117 lot) with Existing Side by Side Duplex in Central Burnaby. LOCATION, LOCATION, LOCATION! Gordon Kleaman P.R.E.C. is pleased Residential or Industrial The property has Approval for the subdivision of 2 front to back duplex lots. to present this rare opportunity to acquire a low rise, multifamily, 9-unit Lower Mainland The buyer to confi rm with City Of Burnaby. The existing side by side duplex building in the heart of Vancouverʼs West End. boasts 4 rental units generating approx. $4800 a month. Centrally located walking distance to Burnaby Central Secondary & Douglas Road Elementary. The propertyʼs English Bay – West End location lies west of Downtown and We have recently sold over $$2,388,0002,388,000 Also within 15 mins drive: SFU, BCIT, Brentwood Mall, Deer-lake, 8-Rinks is bounded by water on three sides: English Bay, Coal Harbour and Lost $100,000,000 in and so much more! So many possibilities call or book a showing today! Lagoon in world-famous Stanley Park. Recreational amenities are all within walking distance for residents of this high-density area. development properties. SOLD last 6 months The subject property has excellent development potential and currently has If you want to sell please Development Development Development Industrial an NOI of approximately $177,073.00. This investment is fully tenanted with call 604-779-6644 Property Property Property Property minimal attention required as the building has undergone many renovations. Lower Lonsdale Surrey Langley Langley

Crest Realty #101 - 2609 Westview Dr., North Vancouver, B.C. V7N 4M2 | 604.779.6644 | [email protected] | www.gordonkleaman.com APRIL 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A11

BEST RECYCLE BUSINESS FRANCHISE Tremendous demand; solid patent guarantees very profi table operation. Clean, effi cient and ODOR-FREE.

FOR SALE HAVE BUYER FOR STRATHCONA 209 HEATLEY AVENUE SPECTACULAR OCEANFRONT LANDS Approx. 5 acs. Surrey 96 ACRES on Vancouver’s door steps Investment / Development Opportunity for private school site. STRATEGIC LOCATION triangle • Fully renovated mixed-use property Vancouver–Seattle–Victoria Ray Lewis PREC • Lot Size: 6,100 sf (Approx.) Further development possible, Price $3,999,000 Sutton Group-West Coast Realty Langley • Net Income: Please contact us 604-812-9733 • Asking Price: $3,999,000.00 [email protected] / 1-250-382-8559

FOR SALE SITE REQUIREMENT STRATHCONA 635 E HASTINGS STREET REQUEST Strathcona Investment Opportunity • Strategically located mixed-use investment property Search Criteria • Lot Size: 3,050 sf (Approx.) & Acquisition Details • Net Income: Please contact us • Asking Price: $3,689,000.00 Cushman & Wakefield has been retained as the real estate representative for Surrey School District 36 to assist in the acquisition of land for redevelopment into future school sites. FOR SALE SEARCH CRITERIA 35 GORE AVENUE • Grandview Area & Newton communities • All sites from 5 to 25 acres will be considered Prime Railtown Owner-Occupier Opportunity • Assembly sites will be considered as long as the minimum site size is met • Main level industrial strata unit in Railtown • Zoning: CD-1 (361) • Size: 1,522 sf (Approx.)1 GRANDVIEW AREA, SURREY • Asking Price: $1,599,000.00

Defined as the ALR and SALE PENDING SALE PENDING Nicomekl River to the STRATHCONA North, Langley to the East, 1172 & 1180 E HASTINGS STREET 16th Avenue to the south and Exceptional Development Opportunity Highway 99 to the West. • Strathcona development site with holding income • Zoning: M-1 Industrial • Lot size: 6,100 sf (Approx.) • Sale Price: Please contact us NEWTON, SURREY

SOLD SOLD

395 RAILWAY STREET Defined as 64th Ave to Railtown Investment Opportunity the North, ALR to the East • 3-storey plus underground parking and South and King George • Building size: 24,107 sf (gross) | 16,950 (rentable)2 Boulevard to the West. • Lot Size: 6,056 sf (Approx.) • Sale Price: Please contact us

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 ƒ†‘‹••‹‘•ƒ†ƒŽŽ‹ˆ‘”ƒ–‹‘•Š‘—Ž†„‡ ƒ”‡ˆ—ŽŽ›˜‡”‹Ƥ‡†Ǥ 1 Plus an additional non-conforming mezzanine. 2All measurements are ƒ’’”‘š‹ƒ–‡ƒ†ƒ”‡•—„Œ‡ ––‘˜‡”‹Ƥ ƒ–‹‘Ǥ 604 683 3111 ROBERT THAM MARC SAUL* CONTACT INFORMATION 632 Citadel Parade, Vancouver, BC, V6B 1X3 MICHAEL HARDY HARPREET SINGH BILL RANDALL T 604.609.0882 F 604.609.0886 Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Associate Vice President Associate Vice President Senior Vice President 604 608 5912 604 640 5870 604 608 5967 www.corbelcommercial.com [email protected] [email protected] [email protected] *Personal Real Estate Corporation Ice Level Source For Sports in Ironwood Plaza, Richmond for sale Amazing opportunity!! Established in 1991, this well-run family owned and operated Hockey shop has carried the passion for the game from childhood into a lifetime business of helping local Families ensure they have a memorable shopping experience and the right equipment for their passion. Jeremy Kalenuik This Family business has been established for 25+ years and Personal Real Estate Corporation [email protected] has a proven list of loyal customers. If you are looking to invest in a well-run, established and proven business - this is 604.612.7511 www.whitestoneselect.com absolutely the opportunity for you. Call today for more details. Macdonald Realty Ltd. • Sale price $525,000 #100-2429 152nd St Surrey A12 | LOWER MAINLAND WESTERNINVESTOR.COM | APRIL 2018 Rental buildings are exempt from luxury house tax FEATURE | “Clarification” means B.C. landlords will dodge tax on properties valued at $3 million or more

to increased rental demand. Ac- BY FRANK O’BRIEN cording to the Canadian Credit [email protected] Union Association, buyers shut out of home ownership because of the new federal mortgage stress he B.C. Finance Ministry has clarified a section of test and other costs could be the February 20 provincial forced into renting. T In any event, investors appear budget that levied a special school tax on luxury homes valued at $3 willing to pay increasingly high million or more, based on BC As- prices to share in Metro Vancou- sessment property values. ver’s rental market. The ministry has confirmed The average “per-door” price that the tax will not apply to for a Vancouver rental apartment residential apartment buildings, property is now $494,216, up 13 which it defines as properties per cent from a year ago. Across with four or more rental units. suburban Metro Vancouver, the Before Western Investor was per-door price has increased 30 advised of the clarification by per cent in the same period, to Ministry communication staff $276,844. $475,000 per door: this 48-unit, 11-storey rental building on West 12th Avenue, Vancouver, sold in January on February 28, members of the In 2017, 115 rental apartment for $22.8 million. Apartment rental property prices have increased 30 per cent across Metro Vancouver in the rental industry had complained buildings sold in the Lower past year. | HQ COMMERCIAL that the tax would increases rent- Mainland, which was down 21.2 al rates as landlords passed on the per cent from a year earlier. How- extra cost to tenants. of Greater Vancouver. The biggest prove beneficial to some Vancou- B.C.’s new luxury ever, the dollar volume soared The school tax, to start in 2019, single sale in the quarter was a ver residential investors, since tax does apply to 17.8 per cent to $1.3 billion. Vancouver landlords need not is applied at 2 per cent on values rental high rise in New Westmin- city zoning now allows up to four residential lots fear that a sudden completion of of from $3 million to $4 million, ster that sold for $90.8 million. rental units on a single-family assembled for multi- with 4 per cent on values above The clarification from the min- detached lot. purpose-built rentals will cre- $4 million. Basically it means istry appears to be the first time In the Grandview-Woodland family rental properties ate an apartment glut, despite $2,000 for every $1 million in that residential rental buildings area of East Vancouver, where government rhetoric, according value from $3 million to $4 mil- are not to be included in the Class denser RT zoning is in effect, up to Goodman. A key reason, he lion and then $4,000 per every $1 1 residential classification used by to four rental units are now per- suggests, is municipal delays in million in value above $4 million. BC Assessment. mitted on larger detached lots. permitting and approvals. Using the example of a Vancou- For instance, the foreign-home This could include, for example, Citing Canada Mortgage and ver rental building assessed at buyer tax, which was increased in a main house with three rental Housing Corp. data, he noted that $12 million, David Goodman of the new budget from 15 per cent to units and a detached laneway only 2,542 rentals were added to HQ Commercial, a specialist in 20 per cent, applies to both pri- house that is also rented. the city’s rental stock of 54,791 multi-family” properties, which apartment building sales, said the vate homes and rental apartment According to a Finance Min- units in the past seven years, and she suggested would increase the owner would be subject to annual buildings of any size. istry spokesman, the owner does just 225 units have opened since cost of purpose-built rentals and taxes of approximately $34,000. Based on the Goodman ex- not need to live on the property 2016. could lead to higher rental rates. In the fourth quarter of 2017, ample, a foreign buyer would have to qualify for the rental tax Still, estimates are that there only five of the 20 multi-family paid $2.4 million in taxes on the exemption. are 17,229 purpose-built rental sales in the Lower Mainland were purchase of a $20 million apart- Cynthia Jagger, an agent with Per-door prices rising units in the pipeline across Metro priced at less than $3 million, ac- ment building. of HQ Commercia, noted that the Vancouver, including about 3,500 cording to the Commercial Edge The exemption of four rental residential luxury tax does apply But the cascading tax increases either under construction or ap- report from the Real Estate Board units from the school tax could to residential lots assembled for on home ownership may also lead proved in the city of Vancouver. ■ APRIL 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A13

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

SALES

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 Fairview Slopes Apartment Building Development Site For Sale 1017 West 7th Avenue 53 Acres (Non-ALR) commercial agents! Vancouver, BC Merritt, BC NAI Commercial is a full service commercial ‚ Fairview Slopes Character Apartment Building ‚ 53 acres zoned R-3, R-2 + Future Development brokerage looking to expand our team! ‚ 7 Suites, one block west of Oak Street ‚ Services at street ‚ 4th most recognized commercial real estate ‚ Great Investment or owner-occupier building firm in the world. ‚ Potential for partial MHP zoning ‚ Near Granville Island & False Creek ‚ Approved for Single-Family + ‚ 5 offices in British Columbia, 400 offices and ‚ Building has character suites with hard-wood floors estate view lots 7,000 local experts around the globe. ‚ Opportunity to increase rents New Price: $1,599,000 Call or e-mail to find out more: Asking: $3,950,000 Chris Langhaug Rob DesBrisay Michael Marckwort 604 240 6224 604 691 6602 | [email protected] 604 691 6638 | [email protected] [email protected]

Large Hobby Farm Development Site Land & Buildings For Sale Soleado Ridge Merritt, BC 354 & 358 Victoria Street 20-Suite Apartment ‚ 78 to 80 minimum 1-ha lots Kamloops, BC Building Rental Apartment ‚ Incredible valley views ‚ Land & Building Prince George, BC Development Site ‚ All City services available Asking: $1,100,000 Asking: $2,000,000 Merritt, BC Asking: $4,950,000 Proposed 78 unit apartment site with great views 9701 72nd Avenue Two Apartment Buildings ‚ Chris Langhaug ‚ Merritt needs rental units now! 604 240 6224 Clairmont, AB Kamloops, BC ‚ Minimal off sites required [email protected] ‚ 2.4 Acres ‚ 72 units total ‚ Full services in street at front Ted Weibelzahl Asking: contact agent Asking: contact agent ‚ Zoned and ready for Development Permit application 604 313 7289 Price Reduced: $1,288,000 [email protected] Interior Mall Wal-Mart Excess Lands British Columbia Quesnel, BC ‚ 40,000 SF Office Tower Spaces For Lease ‚ Five acres Call for financials Airport Square, 1200 West 73rd Avenue, Vancouver, BC Asking: $1,750,000 ‚ Unique premises between 1,390 SF and 10,300 SF Three Suncor Sites Lease Rates: $19.00/SF – $25.00/SF 2222 Balsam Avenue Business For Sale Interior BC Good Earth Building, 595 Howe Street, Vancouver, BC Quesnel, BC Ace Hardware, Cloverdale, BC ‚ 18,500 sf ‚ 1,600-SF unit and 2,562-SF unit available immediately ‚ 4 acres, 14,000 sf ‚ 5,492 sf in prime location ‚ 28,000 sf ‚ Holding income ‚ Improvements and equipment valued at $117,000 Lease Rates: $22.00/SF – $25.00/SF ‚ 21,500 sf Asking: $900,000 ‚ Inventory included $265,000 ± Burnaby Centre, 4211 Kingsway, Burnaby, BC Asking: contact agent ‚ Confidentiality agreement required ‚ Various spaces between 997 SF and 8,785 SF

Asking: $499,000 Lease Rates: $20.00/SF – $21.00/SF Peter A. Seed, BA. DIPL. TECH Ted Weibelzahl 604 514 6825 Rob DesBrisay 604 691 6608 Toll-Free: 1 800 890 9855 [email protected] 604 691 6602 | [email protected] [email protected]

Businesses For Sale 2018 Businesses For Sale

Automotive Repair - Franchise Resale, Vancouver, BC $595,000 + Inventory Laser Equipment Distributor, British Columbia Automatic Door Company & Property, Lower Mainland, BC $1,185,000 Seller’s Discretionary Earnings: Over $500K Contact Agent Specialty Transport Business, Major Metropolis City, BC Under Contract Supermarket & Outdoor Store - Includes real estate, Quesnel, BC $749,000 Automotive Repair - Property Optional, White Rock, BC $295,000 Home Improvement Contractors, Lower Mainland, BC $275,000 What is Your Business Worth? Professional Landscaping Company, Sea to Sky Corridor, BC SOLD For a Confidential Consultation, Contact:

John McLeod, CBI, 604 230 9941 | [email protected] Marion Van Keken-Rietkerk*, CBI MBA, 604 617 8118 | [email protected]

*All asterisks indicate Personal Real Estate Corporation A14 | LOWER MAINLAND | SERVICES WESTERNINVESTOR.COM | APRIL 2018

INVESTMENT AND BUSINESS DEVELOPMENT PROPERTY Genuine, rare, profi table, recession proof consumer OPPORTUNITIES TWO LOTS .383 ACRE WITH HOME goods retail business, well located 20,000 sqft in Lower BOTTLE DEPOT 3 - Lower Mainland Locations Encorp Pacifi c Licensed Mainland, good lease, easy to operate. Unlimited potential. Depots with own Territory. Please call for info! Excellent ROI. Investment approx. $4.5 million incl. $1.5M ESSO GAS STATION inventory. Owners retiring. NDA & proof of funds required. Fraser Valley Esso gas station with Land, Building and Business. Asking $1,950,000 Brokers Welcome GAS STATION SITE Princeton BC. 1.88 Acre approved Gas Station Site 34 ac. blueberries farm in Cloverdale, new 6000 sqft duplex, environmental done with proposed drawings. Asking 5000 sqft shed. Rental income $200K. Absentee run. Young $525,000 crop. Corner highway location. Offered at $5.95M. COMMERCIAL REVENUE PROPERTY Fully leased 2 - Established long term tenants with net [email protected] income showing close to 5% return. Asking $3,500,000 Two adjacent development parcels sold as one in the heart of Abbotsford! Pre- COMMERCIAL STRATA UNIT liminary architectural designs done for a Abbotsford leased 1100 sq ft. store front commercial 43 unit 6 story condo development (plans strata unit in a busy strip Mall. Asking $335,000 and info available to bonafi de buyer). Ab- 2 ESTABLISHED SUBWAY LOCATIONS botsford City Hall is on board with density in Lower Fraser Valley. Call for information plans suitable for this project. Solid 5 bed- room 3 bathroom home is currently rented COMMERCIAL BUILDING ABBOTSFORD and has a good net rental income. Investment or Owner use Free Standing building operating as a well established Italian Restaurant. Sold $1,980,000.00 fully furnished with all improvement and equipment. Turn Key operation or can be changed for other use. Asking $1,190.000 MMichaelichael AASHOKS H O K KUMARK U M A R Homelife Glenayre Realty Chillwack Ltd. CCell:ell: 604-556-6399604-556-6399 HHENSHALLENSHALL [email protected]@shaw.ca ccellell 6604-791-832304-791-8323 11-800-795-2955-800-795-2955 (Abbotsford) [email protected]@gmail.com Commercial Property Financing We fi nd you the fi nancing you need. Our team has decades of experience with NEED MONEY? ALL types of commercial real estate:

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RIVERS LODGE DISCOVERY PASSAGE LARGE CARIBOO WOOD AND GIFT SHOP WITH SERVICED COTTAGE LOT IN KOOTENAY RIVER RANCH RIVERS INLET, BC ACREAGES - VANCOUVER ISLAND, BC GOOD INCOME - MCLEESE LAKE KOOTENAYS WITH LAKE ACCESS CRANBROOK, BC

• Established lodge in renowned location • Last 3 remaining large acreages • Excellent investment for a home-based • Located on Upper Arrow Lake • The East Kootenays premier operational • Floating lodge with Foreshore Lease • 2 nautical miles from Campbell River business - 2 ½ acre property • 2 lots available & ready to build on ranch set amongst BC’s most • Protected in a secluded bay • Water access or limited service roads • 2,200 ft2 four-bedroom home • Power, water, sewer & phone in place spectacular setting • Improvements & equipment included • Series of shallow or drilled wells • Stable income with repeat business, • Common boat launch & day use area • 880+ acres (5 titles) + range & favorable • Accommodation for 24 guests • Lot D - 145 acres $555,000 contracts and great highway exposure on lake leased hay land (3,000+ AUMS) • Turnkey operation • Lot 3 - 91 acres $440,000 • 1,350 ft2 gift shop and 4,000 ft2 wood • Approx. 0.75 acres • Currently supports 440 cow-calf operation • $1,100,000 • Lot 4 - 150 acres $540,000 working shop. $395,000 • From $60,000 • 7,940,000 including stock & equipment RICH OSBORNE 604-664-7633 RICH OSBORNE 604-664-7633 JOHN ARMSTRONG 250-307-2100 MATT CAMERON 250-200-1199 MATT CAMERON 250-200-1199 Personal Real Estate Corporation Personal Real Estate Corporation [email protected] [email protected] [email protected] GREEN LAKE VIEW LOT PRIVATE ISLAND OCEANFRONT LOWBANK OCEANFRONT ACREAGES BUSINESS OPPORTUNITY IN THE DENNY ISLAND OCEANFRONT COTTAGE SOUTH CARIBOO, BC SIDNEY ISLAND GALIANO ISLAND, BC CARIBOO - ALEXIS CREEK, BC WHISKEY COVE - CENTRAL COAST

• Crown leased 0.69 acre lot, lake access • Easy boat access & sheltered moorage • Three 5 acres low bank oceanfront lots • Well-established restaurant, HWY frontage • 894 ft2 oceanfront cottage with loft • Lightly treed level building sites • New expanded dock & breakwater • Flat bench above sandstone beach • Recently renovated, upgraded appliances • 1.03 beautiful west coast acres • Backs onto legendary Buffalo Ranch • Private island with airstrip • One private treed upland lot • 50-seat restaurant with liquor licence • Year-round home or vacation retreat • Industrial trailer for lodging or building • Full time island caretaker • View of Salish Sea to Coast Mountains • Includes: suite, outdoor deck & • All amenities, move-in ready supplies, power to lot • Acreages designed for views & privacy • Drilled wells, approved septic systems RV hookup • $PD]LQJYLHZVZRUOGFODVV¿VKLQJ • Opportunity to buy out lease from Crown • Miles of sandy beaches, ponds, trails • $179,000, $532,000, $615,000 & • Turnkey operation with steady clientele kayaking right at your doorstep • Try out an offer on $75,000 • Starting from only $199,000 $715,000 • $250,000 • $350,000 WENDY PATTEN 250-718-0298 DAVE COCHLAN 604-319-1500 DAVE COCHLAN 604-319-1500 FAWN GUNDERSON 250-982-2314 FAWN GUNDERSON 250-982-2314 [email protected] [email protected] [email protected] [email protected] [email protected] INVITING ALBERNI VALLEY MOOSE HORN LODGE LARGE HOME AND ACREAGE REYNOLDS RESORT HEART LAKE RANCH FAMILY FARM UNCHA LAKE KISPIOX RIVER - SMITHERS RURAL CANIM LAKE, BC VANDERHOOF, BC

• 159 acres mostly in production • Fish trophy trout and large char • 82 acre property, ¾ of mile river frontage • 3.84 acres, 6 cabins, 30 campsites • Heart Lake hay & cattle ranch in central BC • Irrigated and drained • 12 cabins along the lakeshore • *UHDWVDOPRQDQGVWHHOKHDG¿VKLQJ • &RQYHQLHQFHVWRUHZPDULQHJDVSXPS • 4,688 acres deeded, 26 titles • 100+ acre-foot licences • 20 RV campground pads with hookups • 2UJDQLFIDUPLQJKD\¿HOGVIUXLWWUHHV • 2 bedroom owner’s quarters • 2,200± acres in hay & grain production • 2 nice homes • Lodge with restaurant, store & kitchen • Horse back riding, cross country skiing • Good repeat clientele • 1,500± acres pasture • 50,000+ ft2 barns, sheds, etc. • Many outbuildings • Successful B&B business • )XOOVHUYLFHDPS59VLWHVZKRRNXSV • Running 240 cow calf pairs & 12 bulls • 15 min from Port Alberni • Equipment included • Three world class steelhead river-runs • *UHDW¿VKLQJKXQWLQJ EDFNFRXQWU\ • Very well-maintained ranch in a great • GREAT VALUE $2,995,000 • $1,125,000 on property. $1,199,000 exploration. $1,499,000 location at fair market value. $5,495,000 KURT NIELSEN 250-898-7200 MARK TURNER 604-768-9889 MARK TURNER 604-768-9889 SAM HODSON 604-694-7623 SAM HODSON 604-694-7623 [email protected] [email protected] [email protected] Personal Real Estate Corporation Personal Real Estate Corporation THOMPSON RIVER ESTATES LOT 3 AGRICULTURAL PROPERTY RECREATIONAL HOBBY FARM IN THE 3 AFFORDABLE COMMERCIAL LOTS SAVONA, BC RUTH LAKE LILLOOET, BC BEAUTIFUL NICOLA VALLEY WITH INCOME PRODUCING OFFICE

• Between Kamloops and Cache Creek • 21.74 acres with 1,400± ft of shoreline • 15.16 acre prime agricultural property • 180 acre hobby farm only two kilometers • 3 affordable lots in downtown Chetwynd • 4 hours from Vancouver • Perfect for developing a personal • 3.5 hours from Vancouver from downtown Merritt • 1,166 ft2RI¿FHEXLOGLQJUHQWVIRUPR • Over 4 acres of bare land sanctuary or a family retreat • Hot dry climate • DFUHKD\¿HOGJXHVWFDELQNLORPHWHUV • C2 zoning (highway-commercial) permits • Surrounded by year-round recreation • Zoned Rural Residential 1 • Views of the Fraser River of recreational trails through forest for numerous commercial usages • Build your dream getaway • Year-round access, general store nearby • Close to Seton Lake • Rock quarry & know gravel deposits • Immediately off Highway 97 provides • 250 hours of sunshine per month from • 7KLVDUHDZDVQRWDIIHFWHGE\WKH¿UHV • Across the road from Fort Berens Estate • 1,168 ft2 manufactured home FRQVLVWHQWRUJDQLFWUDI¿F April to September. $98,000 lots of lush green and trees. $339,900 Winery. $699,000 • $1,099,000 • $279,000 ROB GREENE 604-830-2020 ROBBI-LAYNE ROBERTSON ROBBI-LAYNE ROBERTSON CHASE WESTERSUND 778-927-6634 CHASE WESTERSUND 778-927-6634 [email protected] 604-351-9417 [email protected] 604-351-9417 [email protected] [email protected] [email protected] CHERRY POINT ESTATE WINES EAGLE NOOK RESORT PINEY POINT RESORT AFFORDABLE RECREATIONAL RETREAT BACKCOUNTRY ACREAGE COBBLE HILL, BC BROKEN ISLANDS - BARKLEY SOUND SHERIDAN LAKE - SOUTH CARIBOO CLUCULZ LAKE, BC CHERRYVILLE, BC

• Well-established, award winning 34 acre • )XOO\HTXLSSHG¿VKLQJORGJH • 7.4 acre prime west facing waterfront • 5.92 acres in prime location • 155 acres with creek frontage vineyard • West coast of Vancouver Island • 700± ft gravely shoreline, several tent sites • Partially cleared lot with driveway • Seasonal road access • 3,927 ft2 home, commercial kitchen, 90 • 23 room, 17,500 ft2 main lodge • OX[XULRXVEGUPEDWKFRWWDJHV • Rural setting with total privacy • Impressive mountain and valley views seat bistro with liquor licence, wine shop • 2 log cabins and marina • 2 log cabins, 1,050 ft2 manager’s residence • Easily accessible by road • Several building sites with southwest • Event pavilion, warehouse, processing • 70 acres of land • 13 fully serviced RV sites, 30 amp • Motorhome included in the sale exposure facility & equipment • 2 miles of oceanfront • 6 water & power only RV sites • $62,000 • Adjacent to Crown land • NEW PRICE $5,500,000 • $5,495,000 • NEW PRICE $1,690,000 • $279,000 JAMIE ZROBACK 1-604-483-1605 JAMIE ZROBACK 1-604-483-1605 MARTIN SCHERRER 250-706-9462 LIAM REIFEL 604-655-9370 LIAM REIFEL 604-655-9370 JASON ZROBACK 1-604-414-5577 JASON ZROBACK 1-604-414-5577 [email protected] [email protected] [email protected] A16 | LOWER MAINLAND WESTERNINVESTOR.COM | APRIL 2018 B.C. farmland at $312,00 an acre; Prairies max is $3,300 FEATURE | Lower Mainland ALR acres sprout mega-mansions and protests while Prairie farmland is largely restricted to Canadian farming, with most foreign investors locked out in all three provinces

$800 to a maximum of $3,300 GRAEME WOOD, RICHMOND NEWS, per acre. & WI STAFF If Saskatchewan eased the rules [email protected] on foreign buyers and pension funds, prices would likely soar, Cawkwell said. newly built, farmland “If this regulation were ever to be mega-mansion, owned by relaxed, land values would climb Aa shell company, has driv- at unprecedented rates as pension en the 26.6-acre lot it sits on from plans, Asian money and countless an assessed value of $88,000 to others would gobble the land base $8.3 million – equal to more than up quickly. The demand is there; $312,000 per acre – underscoring it is only government regulation the impact such large homes are that is holding this back,” he said. having on prices in Richmond’s Manitoba’s Farm Lands Owner- Agricultural Land Reserve (ALR). ship Act limits foreign interest in Meanwhile, on the Prairies, in- Manitoba farmland to 40 acres vestors are kept at bay by legisla- Farmland in Richmond, B.C.: 26 acres for $8.3 million (based on zoning to allow residential building). | RICHMOND FARMWATCH to “limit speculation and support tion that restricts non-residents strong rural communities.” and even local pension funds from in an already competitive market province that has no restrictions Non-Canadian individuals and owing farmland. place. Richmond city council has on foreign ownership of farmland. corporations can apply to the Laura Gillanders , a Richmond grappled with the issue of house Manitoba Farm Industry Board Richmond resident and member of sizes on and off for over a year now. for an exemption if they wish to FarmWatch , said the lot is one of Notably, on February 23, 2017, Prairie restrictions acquire an interest in more than many that have rocketed in value City of Richmond staff issued the 40 acres. The board considers fac- in the past year. 11400 No. 2 Road building permit, Saskatchewan, after seeing large tors such as the public interest, the “One by one each of these farms which was one of dozens quickly pension funds, including the Can- potential benefit to Manitoba and is being taken out of production processed after a motion to tem- ada Pension Plan, gobble up farm- the specific circumstances of the and making sure it is never farmed porarily limit ALR houses to 7,500 land in the province, has banned applicant. by a farmer who can live on that square feet was rejected by council non-Canadian investors and pen- In Alberta, non-Canadians and land,” said Gillanders. last January. sions from purchasing farmland. foreign-controlled corporations “It goes to show these mansions “We’re going to lose a lot of prop- Investor buying became common can own only up to two parcels are not being built for farming,” erties in the meantime. There and many of the farmland pur- of land, which cannot exceed 20 she added. will probably be a rush to build chases between 2010 and present acres in total, but some exemp- Farmland in Saskatchewan: 2,700 The home on No. 2 Road is still 11,000-square-foot homes,” said day have been investor purchases. tions are allowed. acres for $8 million (based on under construction. According to Gillanders. Canadian private investors re- The legislation Agricultural and maximum average prices). BC Assessment, once it is complete, Critics say that, due to specula- main active. Recreational Land Ownership | SUBMITTED it will be among the top-10 most- tion, Richmond’s agricultural land “I see approximately 60 per cent Act and Foreign Ownership of expensive properties in Richmond. is under the worse threat since the of my buyers being investors,” Land Regulations refers to prime BC Assessment also delisted the ALR was created in 1973. said Ted Cawkwell, an agricul- by investors today,” he said. Alberta agricultural land. property from farm classhich Richmond FarmWatch is calling ture specialist with Re/Max in The price of Saskatchewan The legislation, as in the rest of would have reduced its taxes. on the immediate implementation Saskatchewan. farmland varies widely de- the Prairies, does not affect the Gillanders said the land could of the 20 per cent foreign-buyer tax “Although investors are buying pending on location, soil con- ability of Canadian citizens or be leased to a farmer but there on the ALR in Metro Vancouver. at a fast pace, only 2 per cent of the ditions and other variables, but permanent residents to buy agri- are many obstacles to doing so, British Columbia is the only farmland in the province is owned Cawkwell figures it ranges from cultural land in the province. ■

Agriculture Specialist | www.tedcawkwell.com | [email protected] | 1.306.327.7661 SASKATOON

Richard Podgurski Cell: 604.961.5665 VISIT MY NEW WEBSITE [email protected] Masters Realty www.expertrealty.ca PERSONAL REAL ESTATE CORPORATION SONIADHALIWAL.COM GAS STATION & STORE CHERRY ORCHARD WITH HOME MULTI-FAMILY SITES 10 ACRE ORCHARD WITH 3 HOMES Gas Station & Store 5441 Snowbrush St, Oliver BC Lower Mainland and Okanagan 745/747/749 Cornish Road, Kelowna BC with separate Restaurant 3.5 acre cherry orchard with large Looking for building + residence building for staff farmhouse. Top quality cherries in a great TOWNHOUSE or or owner located on major highway. low frost location, full line of equipment, Great exposure and cold storage unit. The house has three CONDO sites  Apple Orchard - Ambrosia & Honey Crisp well established business. large bedrooms upstairs and a full in the Lower Mainland  Flat land, quiet setting yet centrally located Very profi table. basement awaiting your fi nishing ideas.  Near HWY 33 shopping, recreation & UBC and Okanagan  All dwellings on property are legal! Offered For $1,188,000 RE/MAX 2000 Realty Ltd. | 103-15127 100 Avenue Surrey, BC V3R 0N9 APRIL 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A17

MOBILE HOME PARKS Swarn Sekhon Robert Lacerte Park Owners thinking of selling and looking for a market Sutton Group West Coast evaluation of your park? Give me a call to discuss 604-612-7911 Cell: 604.991.8250 Cell: 604.845.7355 options. I have qualifi ed buyers looking to purchase. Specialize in Commercial, Industrial Development [email protected] [email protected] Other Parks available or coming soon: www.swarnsekhon.com Coming soon - Shuswap 25 plus pad seniors park on Email: [email protected] Nyda Realty, Chilliwack city services. 604.858.7179 - Clearwater - 36 pads , house on 130 acres 6.9% cap GREENHOUSE FOR LEASE Asking 1.7M Langley 272,000 sq.ft. greenhouse for - Clearwater - 21 pads plus home. Price 1.185M (Sale Pending) - Alberta: Grande Prairie 65 pad city serviced. Asking lease with all equipment in place and ready 3.79M 6.4% cap to go. Fully covered. Only couple of blocks - 8 pad park City Serviced. All owner occupied units. away from town. Call for details Absentee owner. Tenants pay the all utilities. No manager required. Net $19,755 for 2018. Price $300k BUSINESS FOR SALE fi rm for a 6.6% cap rate. Very low rents at present • Menchie’s Frozen Yogurt franchise for sale - Fraser Valley RV Campground: Beautiful level, forested 17 acres, 142 sites (85 sites plus are long • UPS store for sale term customers) plus group sites, two cottages, • High class catering business for sale residence/offi ce/store, outdoor pool and rec room, • Jewelry store sale shop and equipment. Asking $8,500,000 with steady • Ready made clothes business for sale 51076 Falls Court 45540 Yale Road cash fl ow income to justify. 2.27 acre Development 4.5% Cap WATERFRONT - HARRISION HOT SPRINGS COMMERCIAL/INDUSTRIAL Property • 2000 sq.ft. office in Surrey - $599,000 Provincial Government tenant, • 2800 sq.ft. with high visibility - Located at The Falls Golf Course, an 10384 sq. ft. concrete block $1,050,000 exclusive resort community, gently building on 1.15 acres. • WAREHOUSE/OFFICE Surrey with high sloping lot with majestic city light 4 years left plus a 5 year option. exposure, 1100 sq. ft. showroom, and mountain views. Fantastic ½ acre level waterfront home 1.5 hours from 1400 sq. ft. office with separate Completely renovated to current Vancouver on beautiful Harrison Lake. 200 ft. beach Property is well suited tenants specifi cations 10 years ago. with docks and launch. Too much to list so go to entrances. Plus warehouse 3250 sq. ft. for townhomes. website for info and drone footage. Asking 2.39M • 3500 sq.ft. commercial 18,000 sq. ft. lot next door is also BILL SUMMERS $7000 gross lease for 5 years. available for sale. Direct Line: 604-626-8894 bsummers@telus.net FOR LEASE www.sellingmobilehomeparks.com • 1100 to 2300 office, retail commercial for lease with high visibility $17.50 per sq.ft. plus NNN • 1200 sq.ft. fully furnished office ADVERTISE WHERE for lease in Surrey INVESTORS ARE LOOKING • 3500 sq.ft. warehouse Commercial | Investments | Foreclosures for lease in Surrey • 2300 to 25,000 sq.ft. warehouse FOR SALE for lease in Surrey 2829 - 4500 Kingsway, FARM Burnaby BC 15 acres of blueberry farm in south Surrey. 2 houses, huge barn, full production Berry. 11,596 sq. ft. Strata Unit Call for details.

Leased by HSBC 604.669.8500 PLEASE CALL ME IF YOU HAVE ANY QUESTIONS Cap. Rate - 4.41% TOLL FREE 1.800.661.6988 WESTERNINVESTOR.COMRe-Development SWARN SEKHON 604-612-7911 Asking Price: $10,500,000 Potential 604-491-1060 MUST SELL [email protected] FREDDY MARKS Sutton Showplace PROPERTIES LINDA MARKS Harrison Hot Springs A trusted father/daughter team

SOLD - By Court Order SOLD - By Court Order 525 Haliburton Street, Nanaimo BC 225 Terminal Ave, Nanaimo BC (Formerly Patricia’s Pub) 3300 sq ft Single Storey Retail 18,480 sq ft corner lot Water views 5994 sq. ft lot in Downtown location Beckers Lodge Resort, RST Ranch, Bar WK Ranch, Bowron Lake Prince George Prince George-McBride • In Operation since 1933 • Cash Crop and Cattle Possibilities • 1800 Acres • 10.7 Acres • 700 Acres of Fraser River frontage • Incl Hunting Territory & Outfi tting Business • Largest Canoe Fleet in Northern BC • Water Licenses included • Approx 10 km Fraser River Frontage • 10 Cabins- Staff Housing • Modern 2600 sqft Home • Private Boat Launch-Hunting Camp • $6,900,000 $1,750,000 $6,900,000 For Sale - By Court Order FARMLAND $1,775,000 405 Mt. Paul Way, Kamloops, BC 30+ Acre Blueberry Farm 15,595 sq ft building Located in Pitt Meadows with 1.24 Acres 2 homes on property. 45 Year Land Lease Contact Agents for details MANJIT CLAIRE* KURTIS CLAIRE [email protected] [email protected] 12 Unit Multi Family Half Duplex with In-Law Suite, PH: 604.263.2823 DIR: 604.559.5120 70 Mile Motel & Investment, Harrison Hot Springs Restaurant www.ClaireGroup.ca Harrison Hot Springs • Renovated-Fenced and Gated *Personal Real Estate Corporation All Measurements Approximate. • Turn Key operation • Central, 2 Blocks from Harrison Lake • Guest Suite Rented for $1,100 / Month • 1.7 Acres on busy Highway RE/MAX Real Estate Services • 350-400 sq. ft. One Bed Units • 4 Bed-3 Bath- 2300 sq.ft. in total • 9 Rental Rooms, Caretakers Residence • On the Miami River- 10 Parking Stalls • Built 2013- Two Separate Units • 50 Seat Restaurant N410 - 650 W. 41st Ave. Vancouver, BC V5Z 2M9 $2,100,000 $559,000 $399,900 Each offi ce independently owned and operated wwww.TheBestDealsinBC.comww.TheBestDealsinBC.com A18 | LOWER MAINLAND WESTERNINVESTOR.COM | APRIL 2018 Marijuana growers hungry for industrial space FEATURE | Blue-collar towns in the West could benefit as cannabis industry gears up for legalization

“Agricultural land is a hell of a By FRANK O’BRIEN lot cheaper than buying land in [email protected] a commercial/industrial park but I think it’s a real shame we’re replacing tomatoes, peppers and pot growers will turn cucumbers with marijuana,” said to blue-collar towns and the Agricultural Delta councillor and Delta South BC Liberal MLA Ian Paton. Land Reserve to find millions of square feet of industrial space Smaller B.C. medical mari- needed to meet demand for rec- juana producers have been tak- reational marijuana, studies ing space in places like Powell suggest. River, Duncan and Lumby, where “The legalization of marijuana Vancouver-based True Leaf is is expected to drive up the cost of refitting 16,000 square feet of commercial real estate in all ma- old industrial buildings into a jor provinces across the nation,” grow-op. The company says said Gaurav Mathur, Toronto- Vancouver-based Aurora Cannabis is building the world’s largest indoor marijuana grow operation –and future plans are to build a one- based research manager, capital distribution centre – next to the Edmonton International Airport in Leduc. | AURORA CANNABIS INC. million-square-foot facility on markets, with JLL Canada. the 40-acre Lumby site it bought The JLL study Rolling the Good square feet of industrial space Rick Toor of HomeLife Glenayre last year. Times, released February 15, was sold or leased in the region, Realty, who said the industrial In Powell River, licensed med- found that Canada’s top eight and prices have hit record highs. shortage extends well out into the ical marijuana grower Santé medical marijuana companies by Vancouver-based Aurora Can- Fraser Valley. Inventory is scarce Veritas Therapeutics Inc. has market capitalization will need at nabis Inc., for instance, has by- and prices are rising, he said, taken 30,000 square feet in part least eight million square feet of passed B.C. and is building an pointing to a new 15,000-square- of the old pulp mill, where Cata- industrial space by 2020 – and 800,000-square-foot facility, the foot industrial building in Chilli- lyst Paper Corp. has wound down demand will ramp up after rec- world’s largest indoor marijuana wack recently listed at $4 million. production. reational weed becomes legal, grow-op, next to the Edmonton Chilliwack council is cur- Santé Veritas CEO John Walker expected this summer. International Airport in Leduc, rently considering rezoning an said the company expects to pro- The study showed that, based Alberta. industrial site to allow Medi- duce 2,800 kilograms of dried on large projects currently under- Aside from inventory challen- green Wellness Products Ltd., a marijuana with an estimated way, more than half of the short- ges, there has also been “push Vancouver-based medical mari- value of $19 million per year. term demand will be in Alberta. back” from some Lower Mainland juana producer, to proceed with Pot could represent an oppor- Vancouver-based True Leaf is Ontario is forecast to require municipalities against marijuana a 25,000-square-foot grow-op. tunity for other B.C. resource refitting 16,000 square feet of old about three million square feet, grow facilities, according to JLL. In Delta, a 24,000-square-foot towns that have shuttered mills industrial buildings into a grow-op with the rest in Quebec, Sas- Ben Wedge of JLL’s Vancouver marijuana production facility has or mine sites. in Lumby, B.C. | TRUE LEAF katchewan and New Brunswick. office expects much of Met- been approved for an industrial “For smaller towns it is a great None of the big growers – all ro’s cannabis demand will be site on Annacis Island. direction to move in order to di- licensed medical marijuana pro- for smaller distribution space, Ontario-based Canopy Growth, vegetables to weed. One bid from versify the economy and create ducers – had projects underway not production. Such compan- Canada’s largest cannabis com- grower Emerald Health and Delta jobs,” said Scott Randolph, Pow- in Metro Vancouver, which JLL ies, Wedge said, are looking for pany with a market cap of $5.3 greenhouse owner Village Farms ell River’s economic develop- Vancouver suggests is due to a 20,000 to 30,000 square feet of billion, is converting Delta green- could see more than four mil- ment officer. He said the Santé 1.9 per cent industrial vacancy space in a stand-alone building houses for commercial-scale lion square feet of greenhouses Veritas plant could create 50 jobs rate, the second-lowest in North that could be secured. marijuana growing. Existing switched to pot. and generate around $3 million America. In the fourth quarter Good luck finding that, noted Delta greenhouse growers are Not everyone is on board with in spending annually in Powell of last year, more than 722,000 Chilliwack commercial agent also planning a switch from the plan. River.■ Commercial Real Estate Awards of Excellence

The NAIOP Vancouver Chapter, in partnership with Business in Vancouver is delighted to present the 2018 FINALISTS ANNOUNCED Commercial Real Estate Awards of Excellence. This event Awards Gala: May 17, 2018 | The Fairmont Waterfront will recognize excellence in commercial real estate within the Metro Vancouver area for the 2016 and 2017 calendar years.

PRESENTED BY: GOLD SPONSORS: SILVER SPONSORS: GENERAL SPONSORS:

GO2PRODUCTIONS Ž THRLP[NYLH[

For more information and to register, www.biv.com/CREA. APRIL 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A19

FFOROR LLEASEEASE NORTH BURNABY DEVELOPMENT LARGE RETAIL BUILDING IN Sutton Showplace Realty ■ 5509 Hastings Development site 133 x 133 2015 CORDATA CENTRE - BELLINGHAM, WA MMayay 20182018 occupancyoccupancy (17,689 sf) currently a used car lot $10M ■ 4260 Cordata Parkway, Bellingham 14,973 ■ 5521 – 5527 Hastings (133 x 133). Site sqft retail building in fast growing Cordata ready to go. BP to be issued April for 30 Neighbourhood residential suites & 5 ground fl oor retail ■ 12 Retail Commercial Units in Strip Mall plus units $9.5M an Expansion possibility for 27 Residential new Studio Apartments. TRUCK RENTAL / MOVING BUSINESS $3.995M USD ■ Downtown location near Main & Terminal COQUITLAM WEST ■ Est. 1999, 30 trucks, 12,000 sf leased DEVELOPMENT SITE 43881 Progress Way, Chilliwack BC property at $14K/mo, sales $850K/yr Avg ■ ■ “Dysco” 295 Terminal Ave, Vancouver $299K RM-3 Multi-Storey, Medium Density Brand New Concrete tilt-up Light Industrial with offi ce/mezzanine - Development Opportunity / Land Assembly CD-12 zoning. Offi ce, Retail and warehousing space. East of Lougheed Highway and North Road. LA PAZ MEXICO DEVELOPMENT SITE ■ Located along major transit nodes near new Lease from +/- 960 sqft to +/-20500 sqft. ■ 71 Acre development site overlooking Evergreen SkyTrain core + shoulder zone. Lease rate $11.00 per sqft plus $3.50 Triple Net. Downtown La Paz and Costa Baja Marina ■ OCP allows for a medium density **Individual Strata Warehouse Units Also for Sale. Call for Pricing** www.6717000.com/lapaz $4M USD development, 2.45 FSR 7-8 stories (15 homes assembled) to date. Open offi ce and retail space together with heavy power, water, SQUAMISH DEVELOPMENT SITE www.quadling.ca Call for price full washrooms, Large Loading Bays with Overhead Doors. ■ 170 Acres, in 2 phases, 10 minutes North GIBSONS DEVELOPMENT SITE In Chilliwackʼs Highway 1 Industrial Park. of Squamish, left at Alice lake turn off. ■ 895 Gibsons Way, Cedars in Hotel and ■ Phase one (Lower Lands) 104 acres, Quick Access to Highway 1, Sumas Crossing only 30 mins away. Convention Centre on a 62,000 sf lot approved for 82 lots. Project has an ■ 909 Gibsons Way, Gibsons Cinema, equestrian theme. SELLER SAYS SELL! Great Exposure on Progress Way. Will Build to Suit. 30,000 sf lot www.6717000.com/squamish $16M ■ Total land size 92,000 sf $7.5M LES TWAROG (604) 671-7000 [email protected] 1428 W 7th Ave. Vancouver, B.C. CrestCre Realty (Westside)(W To view listings please visit: WWW.6717000.com/biz

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 NEW OLD SSOLD SSOLDOLD 5518 Vedder Road & 45635 Marie Avenue 5550 Dieppe Street Retail and Residential property for Sale – Development 7236 Pioneer Avenue, Agassiz 9.6 Acres of prime development land in Chilliwack including $989,000 Potential! 19,270 Sq. Ft. of Land including a 4,000 Sq. Ft. 19,689 sq.ft. building site is zoned mix use/commercial • 2 commercial + 6 apartments Commercial building and a 4 Bedroom 2 Bathroom Home residential located next to university of Fraser Valley and Prime location. CS1 & R1A Zoning. Asking $1,999,000.00 Garrison Crossing. Asking price $23 Million. • NOI $58,000 +/- now 100% occupied Rick Toor Rick Toor Rick Toor Commercial Investment Business with property

#200-8705 Young Rd 3690 Townline Road Retail Building Chilliwack Abbotsford For Sale Retail/ Restaurant space available for Perfect opportunity to open your sale located on Young Road in Chilliwack 5,184 Sq.Ft. Building on a 10,000 business and own a strata unit in popular Chilliwack with a very high traffi c count and easy Gian’s Business Center. Sq.Ft. lot. High Traffi c Area with visibility. This unit has a been a restaurant Beautiful restaurant with high end fi nishings, 1,420 Sq. Ft. @ $724,200.00 Excellent development opportunity. business for over 5 years and would suit all equipment, and décor included with the another restaurant business or a medical CS1 Zoning. 1,655 Sq. Ft. @ $844,050.00 business & building. Located downtown or offi ce user as well. Patio area available $799,900.00 for you to use. $750,000.00 1,379 Sq. Ft. @ $703,290.00 Chilliwack. $1,499,000. Rick Toor Rick Toor Rick Toor Rick Toor A20 | LOWER MAINLAND WESTERNINVESTOR.COM | APRIL 2018 FRANCHISE NEWS Calgary relief could help retail franchises News, views and updates on Canada’s franchise industry

probably won’t be fully cov- Cannabis franchise Money tips for ered. This means you need to plan to have a money reserve launched new franchisees that will keep you going until The Canadian Franchise As- revenue starts coming in. sociation reports there are With a quality franchise around 1,300 brands oper- that has solid marketing, ating in the country across this shouldn’t take long, but multiple industries. With all there will still be a gap you those choices, it’s only nat- must account for. ural to be interested in and re- There is no magic savings search multiple opportunities number, as that depends on Popeyes Louisiana Kitchen, which has been drawing huge traffic since it without thinking too much many factors, but it’s good opened in 2016, is one of the popular fast-food franchises in downtown about finances. However, practice to go with the high Calgary. | WESTERN INVESTOR crunching your numbers now end of your estimate just in Concept of the Spiritleaf retail can help avoid some sticker case. he City of Calgary’s $10 mil- than 1,000 square metres in size. franchise outlets. | SPIRITLEAF shock later. 3 . Financing options. You lion economic development “These changes will make it easier Here are three common don’t need to wait until Tinvestment fund, launched in for franchise locations to optimize a Calgary-based Spiritleaf Inc., areas you need to consider you’ve saved up all the mid-2017, includes relief for retailers smaller space and will help landlords a subsidiary of Inner Spirit from Betheboss.ca: money you need to open your in the hard-hit downtown area. attract more tenants,” said Wither, Holdings Ltd., has become 1. How much is needed for a franchise. The assistance could help some owner of Acuity Business Group, the first cannabis member of startup? One standout fea- You may be able to take out downtown franchises find or ex- with offices in Calgary and Kelowna. the Canadian Franchise Asso- ture of franchising is the a loan through a local finan- pand space, according to franchise Wither added that retail franchises ciation (CFA), part of its bid to relatively low startup cost cial institution or family and consultant Ken Wither. are discovering they may not need as become a national marijuana when compared to starting friends. Innovation, Science The retail vacancy rate in the cen- much space, due to online shopping retail franchise. a business entirely on your and Economic Develop- tral business district is nearly 10 per and delivery options. Spiritleaf has already grant- own, but remember there is ment Canada also offers cent, while it is only 2.7 per cent in “Where 2,000 square feet may ed 16 individual franchises no one universal fee to get loans through participat- suburban markets. Reasons given have been sufficient a few years ago, across Canada, according to your location off the ground. ing lenders via its Canada for core retail going dark include a more franchise brands are choosing company CEO Darren Bondar. Don’t just stop at the infor- Small Business Financing slump in office workers – the of- smaller locations and optimizing the Recreational cannabis is ex- mation on the franchisor’s Program. fice vacancy rate is the highest in space to help reduce occupancy costs pected to become legal in Can- website or their informa- Many franchises qualify, Canada – an increase in minimum while still delivering high-quality ada by this summer, and the tion handouts to potential and while the money can’t wages and higher taxes, according to products and services,” Wither new CFA member is preparing franchisees. Take that infor- be used to pay the fran- the Calgary Downtown Association, noted. to become the franchise and mation and cross-reference chise fee, it can be used to- which represents core businesses. With increased online shopping retail leader in this new mar- wherever you can. Take a ward expenses such as your Calgary council has approved and food delivery services, franchis- ket. This fall Spiritleaf will look at business reviews, equipment and the costs to amendments to the city’s land use es may not have the same amount of start a national ad campaign speak to unaffiliated con- improve a leased property bylaw for a three-year period in the foot traffic through their space and across several mediums and sultants and talk to current to make it suitable for your downtown “city centre enterprise” are able to be successful in a smaller a national show tour for the brand franchisees. location. area. The amendments waive the storefront, he added. franchise. 2. What is needed to get to By running your numbers requirement for a development per- “By expanding online shopping A SpiritLeaf franchise re- the break-even point? Even as many ways as possible, mit in the following cases: changing and delivery options, franchises can quires an investment of from if customers come pour- you’ll save yourself potential from one use to another (e.g., from increase sales without becoming $200,000 to $300,000, and ing through your door on struggle and frustration down office to retail), making external overburdened by the physical and payment of both royalty and your very first day, you still the road. ■ alterations to an existing building financial demands of a larger store advertising fees. have expenses already that – Courtesy of Betheboss.ca and making a small addition of less or restaurant.” ■

There is nothing easy about buying or selling a business: the April 17th, 2018 research, the financing, the advice, the timing and the succession plan are all variables that have to be tackled if you’re going to 3:30pm - 6:00pm get the best price and conditions for your sale or acquisition. This discussion, part of the Business Excellence Series, explores the Moderator: mechanics and strategies to close the best deal. Kirk LaPointe Editor-in-Chief, Business WHERE: Vancity Theatre, 1181 Seymour St., Vancouver, BC in Vancouver and Vice- PRICE: Subscribers: $59 | Non-subscribers: $69 President, Glacier Media

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B.C. | WHAT’S HAPPENING Rennie VP to chair LNG Canada to start Vancouver RE Forum LNG Canada appears ready to start construction of a massive lique- Commercial strata prices defy logic, gravity fied natural gas (LNG) project in Kitimat this year, valued at close to $40 billion. Company CEO Andy Calitz told a Vancouver audience in March that a start appears imminent. At the Globe conference forum on energy transition March 14, Calitz Jennifer Podmore Russell | SUBMITTED went a bit further, saying the goal was to start construction this year. Jennifer Podmore Russell, vice- “When we paused LNG Canada president of Rennie Group, will chair in 2016, when oil prices were $35 the annul Vancouver Real Estate and there was no market for LNG in Asia, at the time we said we wanted Forum this month. to be in construction in 2018,” Calitz “For 25 years the Vancouver Real said, in answer to a question about Estate Forum has become the largest the timing of a final investment annual conference on real estate decision. Mixed-use Sun Towers in Burnaby includes 100,000 square feet of commercial space selling from investment and management issues $1,300 to $2,600 per square foot. | SUBMITTED “My answer remains unchanged,” in the region. It has developed this he said, adding LNG Canada is pre- reputation by offering high-quality March 1 real estate con- record-snapping $2,000 per out at prices from $488,000 paring final investment documents ference meant to “make square foot. to more than $1.12 million speakers on very topical issues at for approval of the stakeholders. Asense” of Metro Van- But office lease rates are per suite, said Cam Good, relatively low registration fees,” The stakeholders include Shell and couver’s runaway commercial around $25 per square foot in president of Key Marketing. Podmore Russell said. three of Asia’s biggest companies: strata market concluded that Mount Pleasant, even lower in Investors, he suggested are “This year’s forum will deliver a PetroChina, Korea Gas Corp.(Kogas) prices defy logic but will likely the suburbs and rarely higher often “second-generation” fast-paced, information-packed and Mitsubishi. keep increasing. than $45 per square foot for Canadians, often representing program focusing on key issues and Asked why he is so optimistic that “Strata office prices are dis- prime space downtown. family businesses, who are challenges facing real estate invest- the LNG Canada project will go for- connected from lease rates,” Paying such high prices for buying for future apprecia- ors, developers, asset managers, ward, Calitz said the company’s Asia Matthew MacLean, senior strata space “doesn’t make tion, not for income. brokers and other professionals partners are keen to see the project vice-president at Cushman & sense” in traditional commer- “They buy for the lift and that active in every facet of commercial, built. “I’m hopeful because of the Wakefield told the Urban De- cial lease pro-forma calcula- is all they care about,” Good industrial, residential and invest- incredible conviction of PetroChina, velopment Institute meeting tions, the conference was told. said. “It is strictly a capital ment real estate,” she added. Kogas and Mitsubishi to do this pro- in Vancouver. In Burnaby’s Metrotown, gain.” The forum will be held April 25 at ject,” he said. Office strata prices two years Sun Towers is the first com- Commercial real estate is at- the Vancouver Convention Centre The LNG Canada project has been ago in Metro Vancouver aver- mercial strata in Metro Van- tractive to offshore real estate West, and hundreds of delegates roughly estimated to have an all-in aged $222 per square foot. couver by a China-backed investors, suggested MacLean, are expected. capital cost of $40 billion, although Today they range as high as developer. because, unlike residential, A key session is expected to be an LNG Canada has never put a firm $950 per square foot in Mount Belford Properties is selling there is no 20 per cent foreign- expert panel discussion on Metro number to the project. That includes Pleasant and north of $350 per 100,000 square feet of com- buyer tax. Vancouver’s soaring land values. the LNG plant itself, a new pipeline square foot in Burnaby and mercial space at its Sun Tow- “There has been a massive For registration and information, and upstream natural gas assets. ■ Richmond, but lease rates have ers, with retail from $2,600 shift to strata commercial,” visit realestateforums.com. -Nelson Bennett, Business in Vancouver not risen in step. per square foot and office MacLean told the conference. A new downtown office space from $1,300 per square Buyers apparently believe building, Waterfront Centre foot. that buying Vancouver office, Cecilia Tse, senior vice-president, because so many businesses want to on Cordova Street, recent- All 285 residential condos in industrial or retail space will Asia Pacific, at Colliers Internation- be in the city, which is driving lease ly pre-sold strata space at a the mixed-use complex sold remain a good investment, said al, following the conference, simply rates higher. ■

REAL ESTATE GROUP

Based on 2016 MLS Statistic Report

2062DEVELOPMENT LAWRENCE SITE AVENUE PENTICTON 3202 28TH AVE, VERNON BC 1196 FAIRVIEW RD, PENTICTON 5126 9TH AVE, OKANAGAN FALLS

WALMART SUPERCENTRE

EXCLUSIVE $5,495,000.00 MLS® 170828 $2,200,000.00 MLS® 171150 $820,000.00 MLS® 168709 $1,470,000.00 ++ Prime 3 bedrooms 3.07 acre and commercial flex room propertyabove located opposite + Prime Downtown Vernon commercial property + High profile corner site development + Prime development site of 1.846 acres in the + to Bright Walmart and inopen Penticton; level entry N.O.I. main of $250,000.00 living area + 31,000+ sq/ft on 0.54 Acres + 0.466 acre lot with older 2 bed house & Grocery Store heart of Okanagan Falls ++ Zoning High Quality for mixed finishes high densityand beautiful residential exterior & commercial + Long term leaseback + Prime site for multi-family development + Ideal location for condo or multi-family project + development Large fenced approvedbackyard for 282 units & commercial + NOI $157,000 CAP 7.145% + Court ordered sale + Just 10 mins South of Penticton, views of Skaha Lake

6089 Main St Oliver BC 6422 Main St Oliver BC STRIP MALL IN PENTICTON, BC

MLS® 169445 $319,000.$$31$595,000.99,0000.000 MLS® 168850 $189,900.$595,000.0000 EXCLUSIVE $3,100,000.00 RE/MAX PENTICTON REALTY ++ Landmark Highest quality property, construction 0.593 acres located + Prime corner commercial lot, zoned for gas + 1.2New acres 3 bedroom with14,000 plus sqft den of commercial rental units comprising+ New 7 3 units bedroom plus den EACH OFFICE INDEPENDENTLY + on 3 bedroom the most 3prominent bathroom corner with double of Oliver garage BC station & convenence store + FullyPrime developed location in daylight Penticton’s basement premiere business district adajacent+ Fully developedto major shopping daylight centrebasement OWNED & OPERATED ++ Zoned Short walkC3, is to very the flexible village andand skiaccomodates lifts + 0.48 of an acre and is in the incentive zone + LargeCurrent covered zoning veranda is C3 and with C4 whichpark views allows for a mix of residential+ Large and covered commercial veranda use with park views 101 - 3115 SKAHA LAKE ROAD, + commercial Stainless steel and appliances residential development + All city services to lot + StunningFully Leased, quality N.O.I. with of $188,000 detached garage + Stunning quality with detached garage PENTICTON, V2A 6G5 APRIL 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | SEA TO SKY/SUNSHINE COAST | A23

604.420.2600 POWELL RIVER Squamish Commercial Opportunity londonpacific.ca OPPORTUNITIES

7.6 ACRES OF HIGH / LOW RISE DEVELOPMENT LAND 1907 Maple Drive ~ $1,600,000 Purchase any of several Land Size: 23,872 sq. ft | 0.548 acres. land assemblies 16 UNIT APARTMENT BUILDING Building: 3,941 sq. ft. Please call for more info. Fully leased, long term tenants. Well-maintained, BUCKINGHAM located in the heart newer roof. Many units fully renovated. 5.55% cap rate at asking price. $1,650,000 DAVE BEATTIE FOR SALE of Port Moody. PERSONAL REAL ESTATE CORPORATION 604.905.8855 EDINBURGH “BUCKINGHAM” 1-888-689-0070 High-Rise Residential [email protected] Approx. 136,913 SQFT `Your Whistler/Pemberton Connection’

“EDINBURGH” AIRPORT BUSINESS PARK LEASE SPACE Ioco Rd Low-Rise Residential Several offi ce & shop bay units available. Ranging from 600 – 5000 sqft. Well-maintained building. Approx. 95,626 SQFT Kindersley, SK – 72 MH & 59 RV pads .....4,700,000 WINDSOR Close to airport and downtown. Go to http://warrenbehan.com/for-lease/ for more details McKenzie, BC – 113 pads, 17 ac ...... 3,250,000 “WINDSOR” Oak Bay, NB – 64 pads, 16 ac ...... 1,675,000 Barnet Hwy High-Rise Residential Rosemary, AB – 57 pads, 9 ac ...... 1,300,000 SkyTrain Approx. 100,407 SQFT Station Tumbler Ridge, BC – 48 vacant strata pads ...900,000 Chetwynd, BC – 17 pads & house, 7.75 ac ....775,000 Grant L. Gardner* [email protected] Shaunavon, SK – 17 pads, 3.66 ac ...... 645,000 SITESTES Dean Andag* HarryH Jesse [email protected] TollT free: 1-888-251-2822 Jerry Lee INDEPENDENTLY OWNED AND OPERATED DirectD Line: 604-302-3771 [email protected] Fax:F 1-888-804-1394 WebW site: www.mobileparks.com E & O.E.: All information contained herein is from sources we deem reliable and, while thought to be correct, is not guaranteed Email:E [email protected] by London Pacific Property Agents Inc. *Personal Real Estate Corporation Homelife Glenayre Realty

PPetroetro CCanadaanada SStationtation ~ SSuccessfuluccessful FFueluel SSalesales wwithith CConvenienceonvenience Store,Store, Lunch/CoffeeLunch/Coffee BarBar & LottoLotto CentreCentre Strategic corner at Hwy Junction. $2.5M Industrial Hub Pender Harbour area. Approx. 5.8 Acres - Mixed Asset Sale Commercial C3 zoning. 2900+/- DOMINIC FUNG sq.ft. concrete block bldg., detached Sales, Management, 2400+/- sq.ft repair/storage bldg. Project Marketing [email protected] Canopied fuel pump island – Gas & 604604-729-3117-729-3117 Diesel with ‘Pay at Pump’ in place, Interquip LPG dispensing. 1/2 COMMERCIAL PROPERTIES FOR SALE Acre Fenced Compound (RV/Boat/ Vehicle Storage) generates revenue. • THAI RESTAURANT FOR SALE CCommercialommercial BuildingBuilding onon 2.682.68 AcresAcres PPark-likeark-like GGroundsrounds 35 seats with liquor licence. Located on Davie Street. MMainain StreetStreet MMadeiraadeira ParkPark RRd.d. wwithith ppavedaved llaneane aaccessccess Good business. Asking $199K Varied Commercial Use opportunities; approx. 5170 sq.ft. available for • MOBILE HOME PARK lease; 1700 sq.ft. fenced compound. $999,000 63071 Flood Hope Rd., Hope - with 31 pads, 2 homes, Warehouse portion of building (2750sq. ft.) features two Loading Bays with 14’ 4.9 acres land and near cityO centre.LD roll up doors and 18’ ceilings; 2420 sq.ft. Priced to sell $1.425 MillionSSOLD Offi ce space with his/her washrooms, lockers and showers, lunch room, janitor room, reception foyer, boardroom and • VERNON COMMERCIAL offi ces. Additional income potential 6365 Highway 97, Vernon. Land 1.48 acres. Building from storage compound. 400 AMP. 3-Phase Power. Immediate occupancy. around 15 yrs. old and approx. 8000 SF include showroom and service bays. Stable tenant & potential. $2.5 Million SLADEY HUNSCHE MACKAY

• CHINESE RESTAURANT FOR SALE 604.883.9988 . LivingItSunshineCoast.com 160 seats with liquor licence. Locate don Granville Street. Our Team Boasts 60+ Years of Real Estate Knowledge Working for You! 604.399.99366606040044.3.339999.999.9..999369933636 Well known to tourists. Asking $500K Contact Us Now for Your Free Property Evaluation. Teresa Sladey Bill Hunsche Mary Mackay Connecting agents to the community Reach more home buyers and sellers in your market A24 | VANCOUVER ISLAND WESTERNINVESTOR.COM | APRIL 2018 Island shares in record-breaking B.C. real estate sales FEATURE | Total commercial real estate transaction hit $7.5 billion in 2017, up more than $3 billion from a year earlier

total number of sales. BY WI STAFF Significant retail sales outside [email protected] Metro Vancouver transacted in the second half included Dickinson Crossing Shopping Centre ($34 ritish Columbia commer- million) in Nanaimo and Plaza 33 cial real estate investment Shopping Centre ($24 million) in activity and dollar volume B Kelowna. achieved record heights in 2017 with the disposition of 230 office, Industrial Robust demand for industrial and retail properties B.C. industrial assets pushed deal valued at $7.5 billion during the and dollar to record levels in 2017 record-setting year. The previous with 88 deals valued at more than record was set in 2016 when 147 $1.2 billion, capturing 16 per cent deals worth $4.1 billion trans- of total 2017 investment proceeds acted. Values and deal velocity of $7.5 billion but claiming 38 per have risen exponentially in B.C. cent of the total number of deals. since 2015, according to Avison This easily surpassed the previous B.C. Real Young’s Year-End 2017 record set in 2016 (61 deals for $819 Estate Investment Review. The $34 million sales of the Dickinson Crossing Shopping Centre in Nanaimo in November was among the million) and marks the first time biggest retail real estate sales during a record-breaking 2017 for commercial transactions in B.C. Dickinson is The reasons behind this mas- in B.C. history that industrial dol- home to B.C.’s first store by Cabella, the world’s largest hunting and fishing equipment retailer. | SUBMITTED sive increase includes large pools lar volume surpassed $1 billion in of private and institutional cap- a single year. ital (both local and foreign), an downturn in pricing in more than office and even industrial proper- Ongoing price ongoing shortage of land for de- a decade – boosted demand from ties as investors seek to secure appreciation in all asset Multi-Family Multi-family in- velopment and an extended low- well-capitalized buyers with the land in hopes of redevelopment.” vestment activity surpassed the interest-rate environment, but mindset that such assets will con- Private purchasers remained classes is being driven billion-dollar mark for only the it is the mindset of market par- tinue to increase in value. the most dominant buyer group almost exclusively second time in B.C. history after ticipants that ultimately dictates “The result of this divergence in 2017. They accounted for 87 per by land value and registering more than $1.275 performance, the report notes. in opinion among vendors and cent of all transactions but just 46 redevelopment billion in 89 sale transactions in In 2017, more property owners purchasers produced the record per cent of total dollar volume. potential. 2017. While the number of trans- (i.e. potential vendors) than his- level of deal activity and invest- actions in 2017, 89, marked a new torically seen in this market ap- ment registered in B.C. in 2017,” Office Office investment sales BOB LEVINE, PRINCIPAL record, dollar volume fell short parently came to the conclusion the report explains. activity in B.C. achieved record AVISON YOUNG of the record set in 2015 when 80 that a significant enough peak “Ongoing price appreciation in levels in 2017 with 46 transactions properties valued at $1.41 bil- in terms of pricing had been all asset classes is being driven valued at $2.7 billion, representing lion traded hands. Multi-family achieved, which triggered the almost exclusively by land value 36 per cent of overall record dollar investment activity remained disposition of more assets and and redevelopment potential,” volume of $7.5 billion. stable in 2017 with sales even- translated into an increase in deal said Avison Young principal Bob ly distributed throughout the velocity. Levine “The acquisition of re- Retail Sales of retail assets year. First-half sales featured From a purchaser’s perspective, tail assets has morphed in many achieved blockbuster heights in ” 46 transactions valued at $652 the B.C. market’s track record of cases into land deals with lesser 2017 with 96 transactions valued Retail investment sales captured million, while sales in the back considerable price appreciation consideration or interest for the at $3.63 billion – surpassing the 48 per cent of overall B.C. dollar half of the year resulted in 43 and stability – the B.C. market income in place or the retail asset previous record of 59 retail de- volume of $7.5 billion in 2017 while deals worth $624 million, Avison has not registered a noteworthy itself. This approach has spread to tails worth $1.22 billion set in 2015. representing 42 per cent of the Young reports. ■

RE/MAX OF DUNCAN Pier 67 Marina - Cowichan Bay, BC • Tremendous cash fl ow with potential to expand income through this active business. • On-site manager willing to stay and manage GET INFORMED BEFORE YOU INVEST this investment for you. • Features include: recently renovated and expanded marina facilities; commercial retail spaces that have renovated interiors and a • Exclusive details on solid tenant base. Western Canada’s • Pier 65 and 66 Marinas are also available through exclusive listing. Done Deals $3,525,000 • Get the inside John Morris 250.710.0765 [email protected] scoop with expanded FOR SALE coverage of sold TURF FARM KENNEL properties 40 acre turf farm south of Nanaimo Long operating kennel on 1 acre with renovated house, rental trailer and in Lantzville (Nanaimo) 12,000 SF barn. Owners are retiring $2,495,000 including business $1,395,000 $1,995,000 without business

CARLY GREG KARREN EVANS BULLOCK* VACHON REALTOR® UNLICENSED ASSISTANT

HBrealestategroup.com ph. 250.751.1223 [email protected]

Each Office Independently Owned and Operated * PERSONAL REAL ESTATE CORPORATION Islandhomegroup.com ph. 250.619.7513 [email protected] WESTERNINVESTOR.COM APRIL 2018 | WESTERNINVESTOR.COM VANCOUVER ISLAND | A25

Waterfront Luxury Home - North Saanich, Vancouver Island... FOR SALE DEVELOPMENT PROPERTY - Unobstructed ocean view 5.6 acres directly across from the beach on the Qualicum Bay Oceanside Route Hwy. Subdividable level, community water. 2100 sqft European style rancher, VIHA approved air tight shop for food manufacturing. Semi-Oceanfront. Qualicum Bay. $1,499,000. Zoned RS2 permitting 1/2 acre lots. Potential to rezone to recreation/ tourist/commercial use as outlined in OCP future land use. $1,499,900 Sandy Clark PREC* 250-668-9878  Personal Real Estate Corporation [email protected] Royal LePage Nanaimo Realty     Mixed Commercial Residential Impressive custom oceanfront 6900 sq’ home built to a high standard w/     Centrally Located great attention to detail, fi nish & fi ttings. Situated on desirable Saanich ADVERTISE WHERE   Peninsula – short drive to ferries, marinas, airport, Town of Sidney. INVESTORS ARE LOOKING 1801!" #$  Bowen Road Designed for living both indoors & outdoors. Dramatic foyer, great room Professional Building w/20’-30’ ceilings, gourmet kitchen, movie theatre, exercise room, wine % # & ' Excellent Return cellar, 8 person in ground hot tub, large patios, caretaker suite above $3,965,000 triple garage & luxurious amenities. All spacious rooms w/outstanding ()*)+"*""" marine views. Set in a private gated informal landscaped 1.11 acre       property w/easy access to usable beach. $3,980,000.      

604.669.8500 Macdonald Realty Ltd - Victoria PETER NASH TOLL FREE 1.800.661.6988 peternash.com 250.384.0566 [email protected] WESTERNINVESTOR.COM

Bob Moss Scott Forbes Randall Taylor [email protected] [email protected] [email protected]

RESORT DRIVE, PARKSVILLE RARE TWO COURT ORDERED SALES Outstanding property in Parksville’s PACKAGE! 751 Haliburton popular Ocean Sands Resort! BUSINESS, 135 Prideaux St, Nanaimo Street Business and 3 strata units; Redevelopment Property LAND & Nanaimo Zoned CS-2. $2,300,000.00 BUILDINGS Located on the edge of the South Nanaimo locaon; 11,366 sq downtown core and Old City COMPLETE PACKAGE - COOMBS UCLUELET INVESTMENT Anderton Nursery, an area fixture in fully fenced lot with 7,200 sq Quarter. Four lots totaling Retail marine & OPPORTUNITY the Comox Valley for many years, is approx. 20,855 sq . boat building 2-level industrial warehouse. .43 acre property on available to purchase, together with Zoned DT-8. $624,900.00 business, land and prime corner lot with 3- 2 separately tled lots totalling Zoned CC-1. $639,900.00 buildings, including level commercial/retail approx. 38 acres, 16 greenhouses, a residence, all on FOR LEASE: Pleasant Valley Landing Prime North Nanaimo building; 2 rental suites 4-bedroom,3-bath home, and a approx. 4.9 acres retail plaza with quick access to Nanaimo Parkway and Island close to Parksville, on 2nd & 3rd levels. variety of outbuildings. Zoned ALR Highway. Excellent neighbours; units range from 1,500 to 5,500 (RU-ALR). $2,500,000 plus Inventory zoned C-3.7. $3,900,000.00 $899,000.00 sq . Zoned CC-4. $21.00 per sq Net Ed Williams 250-589-0969 Sue McKitrick 250-650-8823 Associate Broker | Cowichan Valley [email protected] Associate Broker | Comox Valley [email protected]

BUSINESS OPPORTUNITY - COWICHAN BAY MARINA FANNY BAY - Last Ships Point lot! Campbell River Mul-Family Well-established & maintained marina with upgraded docks, .567 acre oceanfront lot with approx. Development Property - Approx. 1.66 electric hook-ups & holding tank portable clean-up equipment. 75 walk-on waterfront. Treed, level acres with older tenanted home. Semi- This offering includes a variety of income streams: Residenal: and building site has Baynes Sound waterfront, zoned RM-3. 1 1-Bedrom & 2 2-Bedroom; Commercial: 6 units. $3,299,000 views. $749,000.00 2714 Island Hwy S. $779,000.00 INVESTMENT OPPORTUNITY - 3041 ALLENBY ROAD, DUNCAN COURT ORDERED SALE - Arden Road, Courtenay Four lots, each approx. 150’ x 50’, all with tenanted houses 10 acres on 4 tles with CD-19 zoning ready for mul 4 providing approx. $2,600/mo income. Excellent locaon close to residenal development; frontage on Arden Road & 13th 4 SUBJ Cowichan River and downtown and adjacent to light industrial Street; all services to lot line or nearby. 3 houses could area. Zoned I-1 Light Industrial $700,000.00 provide income during pre-construcon. $2,995,000.00 A26 | VANCOUVER ISLAND WESTERNINVESTOR.COM | APRIL 2018

DONE DEALS | OUR READERS REPORT ON COMMERCIAL REAL ESTATE

A 26,200-square-foot development site, zoned for residential development, in Edmonton, sold for $4.1 million. | COLLIERS INTERNATIONAL

The Canadian Pension Plan Investment Board has paid $1.5 billion for the largest office-building portfolio 42,244-square-foot multi-tenant industrial building, 205 Street, Langley, in Houston, Texas. | SUBMITTED sold for $11 million. | NAI COMMERCIAL CPPIB NOW HOLDS $42.8B IN REAL ESTATE Texas play among recent deals that push property assets to more than 12 per cent of total Canada Pension Plan Investment Board portfolio FROM | NAI Commercial, Vancou- Angie MacDonald brokered the ver. NAI agents Brandon Harding, following sale: n what should be encouragement to property of commercial space in 19 properties. Terry Harding and Jackson Tang DEAL | 42,244-square-foot multi- investors, the Canadian Pension Plan Invest- CPPIB also spent $607 million for a major stake sold the following: tenant industrial building, zoned Iment Board (CPPIB) shares an enthusiasm for in the next phase of new homes at the Elephant DEAL | A 21-unit rental apart- for manufacturing use. 205 real estate. Park development in London, England; $800 mil- ment building, situated on a Street, Langley. Price: $11 million. Net real estate assets for CPPIB now total $42.8 lion for two new mixed-use real estate develop- 13,000-square-foot lot and sold billion, representing 12.7 per cent of the total fund ment projects in Chengdu and Shanghai in China; for $230,000 per suite. Seventh FROM | HQ Commercial, Vancou- assets of $337.1 billion. and $700 million to buy and renovate 8,000 to Street, New Westminster. Price: ver. HQ agents Mark Goodman, And, like other savvy investors, the CPPIB’s 10,000 multi-family rental units in the U.S. $4.8 million. Cynthia Jagger and Sam Emam acquisition managers aim for diversification in CPPIB’s real estate holdings now comprise DEAL | 29-unit Key Manor report: their real estate buys. more than 324 million square feet of total gross Apartments situated on a DEAL | Mixed-use property with Deals over the past 12 months include buying leasing area. 17,820-square-foot lot. Blackford seven residential and three com- Parkway real estate trust that holds the largest The real estate portfolio consists of office, Street, New Westminster. Price: mercial units, all tenanted, St. office portfolio in Houston, Texas. The $1.5 bil- retail, industrial, residential and multi-family $6.67 million. Johns Street, Port Moody. Price: lion transaction includes 8.7 million square feet properties around the globe. ■ NAI agents Don MacDonald and $5.11 million.

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DEALS ACROSS WESTERN CANADA DONE DEALS | Our monthly feature highlights some of the major property and land transactions across Western Canada’s vibrant commercial real estate market

A seven-unit office property of 32,405 square 42-unit rental apartment building, Martin Street, feet, Norland Avenue, Burnaby, sold for $10.2 White Rock, sold for $11.7 million. FROM | Colliers International, FROM | Devencore Co.vLtd., Van- million. | COLLIERS INTERNATIONAL | JLL CANADA Edmonton. Colliers agents Amit couver. Devencore agent Blake Grover and Jandip Deol sold: Gozda reports the following: DEAL | A 26,200-square-foot de- DEAL | Single-unit, 5,178-square- velopment site in Belgravia neigh- foot industrial warehouse acquired bourhood, zoned for residential by an owner-user. Brigantine Drive, development. 76 Avenue NW, Ed- Coquitlam. Price: $1.28 million. monton. Price: $4.1 million. Colliers International Vancouver FROM | JLL Canada, Vancouver. JLL agent Brian Mackenzie sold: agent David Venance reports the DEAL | A seven-unit office prop- following sale: 29-unit rental apartment building, Blackford 5,178-square-foot industrial warehouse, Brigantine Drive, erty with a gross leasable area DEAL | Four-storey, 42-unit rental Street, New Westminster, sold for $6.67 million. Coquitlam, sold for $1.28 million. of 32,405 square feet. Norland apartment building with an as- | NAI COMMERCIAL | DEVENCORE CO. LTD. Avenue, Burnaby. Price: $10.2 sessed value of $8.9 million. Mar- million. tin Street, White Rock. Price: $11.7 million. FROM | CBRE Edmonton. CBRE agent Bradley Gingerich reports FROM | Frontline Real Estate Servi- the following sales: ces Ltd., Langley. Frontline agent DEAL | 20,679-square-foot Queen Todd Bohn reports the following: Mary Park redevelopment lands. DEAL | Two office buildings total- 109A Avenue NW, Edmonton. ling 15,274 square feet, on a one- Price: $1.17 million. acre lot. Knight Road, Chilliwack. 2.07 acres of land plus clubhouse, sold by the 17-unit, three-storey rental building, Fourth DEAL | 2.07 acres of land plus Price: $3.4 million. Edmonton Petroleum Club, on 108 Street NW, Avenue, New Westminster, sold for $3.4 million. clubhouse, sold by the Edmon- Edmonton, for $7.02 million. |CBRE |CBRE ton Petroleum Club to Daytona FROM | HM Commercial group, Homes. 108 Street NW, Edmonton. Macdonald Realty Kelowna. HM Price: $7.02 million. Commercial agents Jeff Hudson CBRE Vancouver agent Lance and Marshall McAnerney report: Coulson sold: DEAL | Recently renovated, two- DEAL | 17-unit, three-storey rental storey downtown office building building, sold at $200,000 per with an assessed value of $1.77 unit. Fourth Avenue, New West- million. St. Paul Street, Kelowna. minster. Price: $3.4 million. Price: $2.37 million. Two office buildings totalling 15,274 Two-storey downtown office Mixed-use property with seven square feet, on a one-acre lot, building, St. Paul Street, Kelowna, residential and three commercial Knight Road, Chilliwack, sold for sold for $2.37 million. units, St. Johns Street, Port CLOSED A MAJOR COMMERCIAL DEAL IN WESTERN CANADA? $3.4 million. | HM COMMERCIAL Moody, sold for $5.11 million SUBMIT TRANSACTION DEALS AT WWW.WESTERNINVESTOR.COM/ | FRONTLINE REAL ESTATE SERVICES | HQ COMMERCIAL DONE-DEALS/DONE-DEALS-FORM VANCOUVER ISLAND OPPORTUNITIES Nanaimo Exclusive Offerings Downtown Nanaimo $3,919,000

• 2 story retail/commercial building • Over 16000 sqft retail/offi ce building • Multiple tenants-fully leased • Multiple tenants • Recent improvements $974,900 $2,649,900

Email [email protected] to receive access to listed & exclusive Vancouver Island residential and commercial development sites. Buyers receive VIP Access to hot new listings for your search criteria up 21 units - 42 bed-21 bath townhouse rental buildings to 48 hours before they hit the global market. 46767 sq ft of R8 multifamily land “Up to the minute alerts” at Redevelopment potential - Individual meters Vanislandhomesales.com/search

Jay Deleskie PREC* 250-618-6797 call or text [email protected] #202-1551 ESTEVAN ROAD, Sales Advisor Nanaimo, BC, V9S 3Y3 *Personal Real Estate Corporation VANISLANDHOMESALES.COM Nanaimo Offi ce: 250-591-4601 A28 WESTERNINVESTOR.COM | APRIL 2018

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

PROFESSIONAL OFFICE SPACE SMALL BAY UNITS BRAND NEW RETAIL STRIP INVESTMENT PROPERTIES

CENTRE

RETAIL/OFFICE WAREHOUSE FOR SALE:

LEASE FROM from $12/sq ft TN $2,595,000 $12 to $16 OFFICE from FOR Per sq. ft. TN $695/mo gross SALE: AGASSIZ $3,150,000 High profile retail centre located on #9 HWY  Long term tenants: Prospera Credit Union, dentist Premier professional office space on main access Lickman Centre caters to small and medium between Sardis and downtown Chilliwack office, national pizza franchise & liquor store size businesses with access to major roadways  Ideal for lawyers, accountants, doctors, dentists,  State of the Art, High Profile, Newly Constructed Room for future mall expansion Warehouse space from 1,917 to 13,769 sq. ft.  medical services practitioners etc.  (2015) Retail Strip Center +/- 12,380 sq. ft. Short distance to Harrison and Chilliwack Furnished Office space from 130 to 1,193 sq. ft.  Ground floor space with separate outside entry   Only mall located in Agassiz/Harrison area 3 phase, 200 amp electrical, +/- 26’ ceilings Near Cottonwood Regional Shopping Centre on  2nd floor with full elevator access Ample onsite parking HWY 1 at the main Chilliwack interchange.  FOR SALE: WAREHOUSE SPACE FOR LEASE This ultra-modern facility has a striking architectural BRAND NEW RETAIL design, great exposure and plenty of on-site parking. $1,495,000 43875 Progress Way - 3,253 sq. ft. of new ABBOTSFORD high quality tilt up with grad loading, 3 phase COMMERCIAL  & 26’ clear height ceilings. $13/sq. ft. TN Huntingdon Station Sumas Way & 3rd Ave. WAREHOUSE BUILDING  Superior building with 5 units RETAIL SPACE FOR LEASE High profile, high traffic area near freeway & shops Shows a good net profit 1810 Agassiz Rosedale HWY 9 - 1,220 sq. A solid investment with opportunity to increase  FOR ft. high profile in Agassiz, plenty of onsite New Hotel/Retail development providing 30,000 sq. lease rates to market parking. $13/sq. ft. TN ft. of retail space SALE: Site includes 3 high exposure pad sites and retail 45300 Luckakuck - 1,200 to 10,600 sq. ft.. units from +/- 1,200 sq. ft. to +/- 10,000 sq. ft. $2,595,000 New commercial retail centre on main shop- Located at the high traffic HWY 1 interchange ping corridor. From $13/sq. ft. TN LEASE FROM $18 SQ. FT. TN ATTENTION INVESTORS 8645 Young Rd. - 980 sq. ft. Excellent ac- Location Location, bright & spacious tilt up cess and good visibility. $1,400/mon Gross RETAIL/OFFICE SPACE commercial building with onsite parking FOR SALE: $1,495,000 46675 Yale Rd. - 1,720 sq. ft. High profile  Fenced compound PORT HARDY next to IGA Market and liquor store. Doctor, Prime retail space with high exposure and with some of 4 commercial tenants and 1 residential suite Hub of North Vancouver Island dentists, Pharmacy/retail? $10/sq. ft. TN  the highest traffic counts in High exposure Area enjoys tourism and eco-tourism 7319 Vedder Rd - 1,370 sq. ft. Excellent  the Chilliwack area Office/showrooms and warehouse Commercial Center for Port McNeill, Port Alice, exposure, onsite parking in Sardis area.  Winter Harbour and more Up to 4,280 sf retail space on $12/sq. ft. TN LEASE FROM lower floor PRIME INVESTMENT OPPORTUNITY Mix of long term tenants including Scotia Bank,  7010 Pioneer Ave.—1,681 sq. ft. High pro- $4.00/SQ. FT. TN 540 to 5,364 office 2nd floor health care office, optometrist, hair salon, restau- file in Agassiz. Resturant, dentist, doctor, rant and more lawyer, bookstore? $14/sq. ft. TN RETAIL/WAREHOUSE Property in good condition, new roof in 2008 Performa CAP Rate 8.49% on asking price

OFFICE SPACE FOR LEASE 800 to 2,825 sq. ft. Company Holding Ownership of 46167 Yale Rd. - 612 to 2,289 sq. ft. Prime retail/ Downtown location, plenty of onsite parking warehouse space FOR SALE: $1,250,000 the 3 properties above can be $9.50/sq. ft. TN Onsite parking Fully leased (5 year lease with option to renew) purchased as part of a Share Sale 45389 Luckakuck Way - 1,474 sq. ft. LEASE FROM Located on High Strong community oriented long term tenant. Transaction with Tax Advantages. Includes reception, offices, work area profile corner Located in core of downtown Chilliwack $12.00/SQ. FT. TN Contact Listing Agent for details!! $12/sq. ft. TN Storefront 6.25% CAP Rate on asking price

HIGH PROFILE RETAIL SUCCESSFUL U-VIN/U-BREW

OFFICE WAREHOUSE RETAIL/OFFICE WAREHOUSE SALE FOR SALE: $1,479,000 LEASE FROM $149,900 $12/SF Profitable business in Chilliwack   . 2,284 sf Retail/Office  High profile ground 2,000 sq. ft. warehouse, 1,472 sq. ft. Industrial U-Vin/U-Brew Business with over 20 years of suc- level space office, display area, Showroom, 5,556 sf area, 22’ clear, rollup Lease from 1,581 to 3,316 sf cess and growth 4,248 sq. ft. Office single bay with roll up dr secured fenced yard doors Located on busy main road, high visibility Current gross sales in excess of $260K Bright and modern with Plenty of onsite parking Plenty of onsite parking Professional Office Space Wide range of options Easily operated by a couple or with the existing parking adjacent to bldg High visibility High visibility location Excellent Sardis location Purchase and have your tenants pay the experienced staff. Lease $14.00/sf TN Lease $9.50/sf TN Lease $16.00/sf TN Lease from $13.00/s.f. TN mortgage...One of a kind

Ray Yenkana CCIM, ABR. REMAX LITTLE OAK 800-668-8661 [email protected] www.rayyenkana.com (listing details) Campbell Heights 2.5 acres of industrially designated land near current development. Port Kells Industrial New Listing! Services are close. The property is fl at and clean with no creeks 19,700 sf industrial building with dedicated offi ce space in the and good soil conditions. Good access with two road frontages. WE HAVE QUALIFIED INVESTORS front portion. 6 warehouse bays plus large fenced storage yard Rented house. A rare opportunity that won’t last long so please at the rear a one-acre parcel with M-1A Zoning. Fully leased. call Al Bainbridge at 604-533-3491 and arrange for your personal IF YOU HAVE A Owner may carry some fi nancing or long completion. Call now viewing. RAYPOSITIVE YENKANA’S CASH FLOW PROPERTY, for details. Al Bainbridge at 604-533-3491 A very unique property! AL BAINBRIDGEAll set up for farmgate SPACE sales. Currently a high volume butcher shop LET’S CHAT. but easily converted to different product. Grow your crop on the I HAVESPACE QUALIFIED BUYERS 11 acres and sell your product on site. Has a large house, a manufactured home and a barn, shop and several outbuildings. FOR LAND AND COMMERCIAL PROPERTIES For more information call Al Bainbridge at 604-533-3491 WITH REVENUE. Condo Site. Langley City. 27,000 sq ft Industrial Site New Listing! Designated approx. 75 units per acre. 25,000 sf plus. 2 fourplexes Prime Langley City location! 2 triplex rented buildings on two on the property for Revenue until you develop. Ready to develop. titles. Call now for details. Al Bainbridge at 604-789-1804. ThIs is a highly desirable assembly so call asap. LARGE RESIDENTIAL Al Bainbridge at 604-533-3491 Al Bainbridge at 604-533-3491 BUILDING LOT 3/4 acre east side of Abbotsford. Al Bainbridge 604-533-3491 $499K Personal Real Estate Corporation [email protected] 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.

SUBJECT SITE

GARDEN CITY RD Future 4-Storey Mixed-Use Development with 132 Residential Units

Mixed-Use Development Site For Sale For Sale 9151 Alexandra Road, Richmond, BC Sun Rivers Resort Community ‚ 1.923 acres (83,766 SF) Kamloops, BC ‚ Adjacent parcels also listed for sale ‚ Over 1,000 units remaining ‚ Potential to achieve 1.8 FSR ‚ Drone video: youtu.be/j2hnRIaVkp4 ‚ Directly across from new Central Mall at Garden City with featured retailers at ‚ Includes 5.59 acres of mixed-use Central Mall include Walmart Supercentre, Marshalls and Bed Bath & Beyond development land Asking: $19,800,000 Asking: contact agents Rick Lui*, Conor Finucane* & Steven Chen Gary Haukeland* & J-D Murray 604 644 6182 | 604 691 6604 | 604 691 6634 [email protected] [email protected] | [email protected] | [email protected] [email protected] HIGHWAY 15 (176 th ST)

0 AVENUE USA BORDER Farm, Ranch & Estate Business For Sale Property For Sale 17911-0 Avenue, Surrey, BC Ace Hardware, Cloverdale, BC South Surrey Holding Property ‚ 55.53 acres in an incredible South ‚ 5492 SF prime location Surrey, BC Surrey/Hazelmere Valley location ‚ Improvements and equipment ‚ Home on 1 acre with income ‚ Holding property with existing valued at $117,000 ‚ Morgan Crossing Area revenue stream ‚ Inventory included $265,000 ± ‚ High Growth Area ‚ Site is cleared & ready for planting ‚ Confidentiality agreement required ‚ Rare Opportunity Asking: $6,800,000 Asking: $499,000 Asking: $4,330,000 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] RETAIL DEVELOPERS Available Now CLICK WITH BRICKS NEW OUTLET MALL EXPANDING | 10

For Lease 2 Self-Storage Properties Strata Office For Sale Industrial Warehouse/Offices Edmonton Area, AB 8047 199th Street, Langley, BC ‚ Quality complex with extra office ‚ 2.35 Acres - 91 Units, 75 RV Parking ‚ Professionally finished offices with space in central Langley location Asking: $1,250,000 easy access to Highway #1 ‚ Sizes from 7,000 sf to 45,000 sf ‚ 35 Acres - 250 RV Parking ‚ 4 private offices, boardroom, ‚ Dock/Grade loading Asking: $799,000 kitchenette and open work areas ‚ Heavy power – 1,600 amps ‚ Strata unit (1,444 sf) Lease rates from $9.75/sf net Ken Kiers* Western Canada’s Self-Storage Expert Asking: contact agent Don MacDonald, CCIM & Dan Goldstrom (NAI Advent) Gary Niesner 604 514 6824 604 209 2222 604 534 7974 [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 • APRIL 2018 • VOL33/4

SHOWDOWN | 8 BORDER BATTLE RATTLES NORTH Alberta protests northern B.C. natural gas pipeline during ongoing trade war between two provinces

RECREATION | 12 B.C. TAX HITS RESORT TOWNS Every other Canadian SEAN FERGUSON treated like foreign buyer under controversial new SELLINGSELLINGC CALGARYA speculation tax ON COMMERCIAL CONTENTS Full index 3 CONDOMINIUMS Numbers 4 INDUSTRIALINNDUSSTRIAL CONVERSIONCONO VERSION | 10 Border battle 8 Calgary conversion 10 Recreation 12 Regina vs Saskatoon 14 Man.-Sask. report 15

PUBLICATIONS MAIL AGREEMENT 40069240 0 4 0 6 0 3 5 8 1 8 2 9 1 9

Read online at www.westerninvestor.com B2 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | APRIL 2018

Serving the Okanagan & BC Interior | naiokanagan.ca Sales, Leasing & Property Management

Redevelopment Site For Sale 550 Doyle Avenue, Kelowna FEATURED ‚ Rare 1.644-acre Downtown Kelowna For Sale redevelopment site ‚ Multi-tower, high-rise development 3946 – 3976 Beach Avenue, Peachland opportunity already zoned (C7) ‚ Resort/Hotel Site ‚ Proximal to the two largest employment ‚ 4.1 Acre, tourist commercial zoned land driversUnder in the DowntownContract core (IHA and OCI) Penticton Motels with 800+ feet of beautiful Okanagan ‚ Potential for holding income 68-Room Motel Lake front ‚ Never before on the market Asking: $12,700,000 ‚ Located in a prime tourist area Asking: $9,750,000 Asking:Under $5,900,000 Contract 4740 Trepanier Road, Peachland Mike Geddes*, B.Comm. Beachside Motel ‚ 42.75 acres bordering HWY 97C and 250-878-6687 | [email protected] *Personal Real Estate Corporation ‚ 27-unit motel located steps from Skaha Trepanier Creek Greenway Lake ‚ Zoned A1 and is not in the ALR Jeff Hancock ‚ PropertyUnder also Contract includes retail ice cream Asking: $1,990,000 250-575-0537 | [email protected] sales Asking: $3,495,000 Mike Geddes*, B.Comm. 250-878-6687 Rochester Resort Motel [email protected] ‚ 36-unit motel in a prime tourist area *Personal Real Estate Corporation Asking: $2,975,000

For Lease For Sale For Sale 463 Dene Drive, Kamloops 9415 & 9419 Spartan Drive, Osoyoos ‚ 2 acres; 22,500-sf warehouse ‚ Rare 730 feet of prime development 6.5 Acres McBride, BC lakeshore on Osoyoos Lake ‚ 14 x 16 doors For Sale ‚ Hwy 16 frontage. Permitted uses include ‚ 1.913 acres over 3 individual parcels motel & gasoline service station. ‚ Smaller units available 1602 Maier Road, Sicamous Asking: $785,000 Lease Rate: $10.00/sf, triple net ‚ Sewer and water available ‚ Sicamous Truck & Car Wash ‚ Town of Osoyoos supportive of 705 Laval Crescent, Kamloops ‚ Significant upgrades and solid cashflow development for low density projects Self-Storage Site 2295 Shannon Way, West Kelowna ‚ 5,900-sf second floor office space ‚ Two-bedroomUnder Contract residential suite Asking: $3,450,000 ‚ Sought after Southgate location Asking: $1,895,000 ‚ Third Reading completed Lease Rate: $10.00/sf, triple net; 8259 & 8280 Wallace Road, Vernon ‚ Rezoning will accommodate a 3417 27th Avenue, Vernon ‚ Two 40-acre parcels commercial storage and contractor Est. Operating Expenses $3.00/sf services facility with an ancillary ‚ 7,288-sf warehouse with office ‚ Subdivision potential into 5-acre parcels Recreational Vehicle washing station For Sale ‚ Residential suite potential ‚ 10 minutes to Silver Star Mtn Resort and Asking: $2,950,000 ‚ Loading dock City of Vernon 705 Laval Crescent, Kamloops Reduced: $499,000 Individually: 6331 Harrop-Procter Rd, Harrop, BC ‚ 1.36 acres; industrial flex building 10.62 Acre site with two large buildings 8259 Wallace Rd: $999,000 ‚ ‚ 12,000 ft tilt up concrete with 5,900 ft 4400 & 4600 Canoe Beach Rd, Salmon Arm Potential to be used as a medical 2nd floor offices ‚ ‚ 8.75-acre development site: two adjacent 8280 Wallace Rd: $799,000 marijuana operation ‚ Great Southgate location parcels of 3.75 acres and 5 acres Asking: $1,595,000 as package Asking: $799,000 Asking: $3,150,000 ‚ R-4 zoning allows for 40 units per hectare Larry Good Asking: $999,000 Tim Down, AACI, P. App, CAE, RI Philip Hare 250-371-1168 250-864-9140 778-214-2150 [email protected] [email protected] [email protected]

Accelerating success.

HIGHWAY 97

INTERIOR B.C. | ALBERTA | SASKATCHEWAN | MANITOBA

Contents | APRIL 2018

FEATURES FEATURES & NEWS

GAP GROWS IN OFFICE LEASES The Numbers 4 4 Our monthly snap stats on the numbers that matter Net office leases in Calgary are nearly half those of Resort towns fight B.C. speculation tax Vancouver and Toronto as Developments threatened in Okanagan 12 the first deals with a glut and the latter two with a boom Female agents recruited Real estate “would benefit” with more women 15 REGINA EDGES SASKATOON 14 Regina had less real estate speculation than Saskatoon and the capital now has lower vacancies as both cities eye a patient recovery ADVERTISING DIRECTORY BIG-BOX BATTLE BREWING 15 Interior B.C. 2-7 Opening of a giant new Northern B.C. 7-9 Lowe’s fires a warning shot Alberta 9-13 in Winnipeg where Rona and Saskatchewan/Manitoba 13-15 Home Depot have staked out the home improvement biz MORE OPPORTUNITIES SECTION A Lower Mainland, B.C. and Vancouver Island COVER FEATURE Sean Ferguson of Cushman & Wakefied in Calgary: converting industrial to condominiums. l MARK SHANNON, MARK ELEVEN PHOTOGRAPHY 10

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

Larry Berisoff 250-862-8100 [email protected] Each offi ce independently owned and operated

Sunny Creston, B.C. Ramada Motel Southeastern, B.C. Excellent B.C. Motel • 13 Unit Motel a Nice Variety of Units • Located on Highway 3 in Southern BC • Commercial Laundry with Land & Building • Located less than 2 Hours from Banff • 1.3 Acres, Large Portion Vacant – RV Sites? • 45 Well Maintained Units. Strong Sales • Excellent Facility with Modern Effi cient Equipment • 29 Well Appointed Units • 3 Bedroom Living Area. Excellent Lobby • Nice 2 Bedroom Separate Home • Restaurant Leased for $3,000 / Month • Commercial Contracts and Drop Off Service. • Excellent Reviews and Sales Growth! • Same Owners for 25 Years need to Retire • Ideal for Hands on Owner! • Well Managed and Room for Growth • Excellent Location. Great Area for Tourism! Asking $599,000 - Call Larry Asking $3,498,000 - Call Larry Asking $1,598,000 - Call Larry Asking $1,998,000 - Call Larry

Cache Creek, B.C. East Kootenay Opportunity Kelowna Opportunity Bednesti Lake Resort • 45 Units On The Trans-Canada Highway • 40 Plus Unit Hotel • 2 Strata Units Downtown on St. Paul St. • Waterfront Resort, 30+ Acres with 2 Titles • Excellent Revenue Solid Net Income • Restaurant Space & Breakfast Room • About 2,160 Square Feet. Zoned C-7 • 50 + RV Sites Rented Seasonally & 6 Unit Motel • Many Recent Upgrades. 10 Kitchenettes • Limited Competition Setting, • Currently Used as Deli / Market • Tremendous Building with C-Store, Pub, Restaurant and Apartment • Manager in Place. Outdoor Swimming Pool • Excellent Skiing and Golf Area! • Bring Your Ideas and Own Your Own Space! • Act Now For Summer Season! Asking $2,349,000 - Call Larry Asking $1,395,000 - Call Larry Asking $799,000 - Call Larry Asking $1,600,000 - Call Larry

Highway 16 Vanderhoof Kelowna Opportunity Sunshine Coast Opportunity Excellent Motel / RV Park Package • Very Successful + Profi table 14 Unit Motel • Franchise Poutine Business • Excellent Location in a Beautiful Area • 12 Impeccable Motel Units on 6.5 Acres! • Only 2 Owners Last 40 Years • Excellent Downtown Location • Market, Deli, C-Store. Very Popular • 11 RV Sites, Washrooms, Sani Dump etc. • Roof and Bathrooms Redone 2012 • Includes a Food Trailer for Events • Rural Agency Store (Must Apply For) • Excellent 3 Bedroom Home • Solid Business Ideal for a Family! • Bonus 3 Bedroom Detached Home • Really Nice 3 Bedroom Home, Garage etc. Asking $698,000 - Call Larry Asking $397,500 - Call Larry Asking $2,099,000 - Call Larry Asking $998,000 - Call Larry www.SyberRealty.com B4 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | APRIL 2018

LEADING TRENDS | THE NUMBERS Our monthly BANK OF CANADA snap stats showing leading trends 1.25% OVERNIGHT affecting western real estate LENDING RATE ll of Western Canada’s office mar- kets have reported an increase in Aleasing activity, reflected in de- creasing vacancy rates. However, falling Commercial and industrial real estate Building permit values demand in Metro Calgary has led to com- Office vacancy rate downtown* Industrial vacancy rate+ Vancouver $847 million pressed rental rates. Vancouver 5.2% 1.9% Calgary $395 million Vancouver saw increases in inventory Calgary 27.4% 6.7% Edmonton $440 million but the vacancy rates dropped. Vancouver Edmonton 17% 7.5% Regina $53 million watched its downtown vacancy rate drop Regina 11.8% 3.4% Saskatoon $95 million for the eighth straight quarter, from 6 per Saskatoon 14.3% 6.9% Winnipeg $166 million cent in the third quarter of 2017 to 5.8 per Winnipeg 8.8% 2.9% cent in the fourth quarter 2017. New sup- SOURCE: COLLIERS INTERNATIONAL, Q4 2017 SOURCE: STATISTICS CANADA, JANUARY 2018 ply from the West Tower at Rogers Arena *DOWNTOWN VACANCY RATE +CENSUS METROPOLITAN AREA (70,000 square feet), One Burrard Place (150,000 square feet) and 400 West Georgia (all types combined)* (350,000 square feet) is not anticipated to Total monthly retail sales Apartment rental vacancy MLS home prices match increased demand. B.C. $7.2 billion Vancouver 0.9% Vancouver $1,071,800 The downtown Calgary office market Alberta $6.7 billion Calgary 6.3% Calgary $428,500 experienced another year of increasing va- Saskatchewan $1.7 billion Edmonton 7% Edmonton $374,361 cancy in 2017 but there were some positive Manitoba $1.6 billion Regina 7% Regina $278,700 signs of recovery. For the first time since Saskatoon 9.6% Saskatoon $292,800 2012, Colliers International recorded two Winnipeg 2.7% Winnipeg $286,500 consecutive quarters of positive absorp- *ALL TYPES OF HOMES COMPOSITE PRICE, METRO REGION tion in the second and third quarters. The SOURCE: CANADA MORTGAGE AND HOUSING CORP. SOURCES: CREA, LOCAL REAL ESTATE BOARDS AND ASSOCIATIONS AS OF FEBRUARY 2018 SOURCE: STATISTICS CANADA, DECEMBER 2017 RENTAL MARKET REPORT, NOVEMBER 2017 final quarter of 2017 brought this cycle to an end with 266,000 square feet of nega- tive absorption. The fourth quarter 2017 Labour Office leasing costs compared vacancy ballooned to 27.4 per cent and Net lease downtown, per square foot posted an average net rent of $14.50 per Unemployment rate Average weekly wage square foot – less than half of Vancouver’s average rate of $31.89. B.C. 4.7% $956 Alberta 6.7% $1,148 $40 Edmonton turned a corner in the final Saskatchewan 5.6% $1,033 quarter of 2017, recording its first period of Manitoba 5.9% $920 positive absorption since early 2015. Tenant $30 SOURCE: STATISTICS CANADA, FEBRUARY 2018 SOURCE: STATISTICS CANADA, DECEMBER 2017

growth led to a decreased office vacancy of $31.89 17.2 per cent and an average rent of $18.10 $20 $29.03 per square foot. Resource sector $18.10 Toronto recorded over half a million in $10

positive absorption in the fourth quarter Gold Copper Oil Natural gas $14.50 of 20917, led by Class AAA product. High- $1,312 $3.09 $62.34 $2.68 quality product continues to drive up de- per ounce per pound WTI/per barrel per gigajoule Calgary Edmonton Toronto mand and lease rates. ■ SOURCE: NASDAQ Vancouver – Tanya Commisso ALL PRICES IN U.S. DOLLARS; PRICES AS OF MARCH 16, 2018 SOURCE: COLLIERS INTERNATIONAL NATIONAL DASHBOARD REPORT

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This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2018. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc. APRIL 2018 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | B5

Brand New Kelowna Strata 4-Plex Investment LAKEFRONT For Sale or Joint Venture Downtown Kelowna - Lowest Vacancy Rates in Canada 2.18 Acre Site 2 ofof ffourour 4-Plexs4-Plexs alreadyalready SOLD,SOLD, 50%50% ofof thirdthird 4-Plex,4-Plex, 1 wholewhole 4-Plex4-Plex stillstill availableavailable South Okanagan Cranbrook BC • Two 1,160 sf, 2 Bed, 3 Bath Units $$2.1M2.1M - 44.7%.7% CCAPAP • Two 1,260 sf, 3 Bed, 3 Bath Units 7 ACRES - 450 ft. Shoreline Zoned for up to 20 townhomes. • 2-5-10 year New Home Warranty Surrounded by the beautiful Income ($31,800/m) secure and Wildstone Golf Course, walking and • Professional management available ever increasing • Delivered leased at closing biking trails, four season recreation All city services and 18 hole • Kelowna ranked as #1 City area and breathtaking views of the to Invest in Canada pro golf course Rocky Mtns. • Current CMHC vacancy - .02% $1,350,000 • Buy as a CAP, hold or sell as strata E-Mail: [email protected] The Woodlands at Wildstone BBuyuy ssingleingle uunitsnits inin 4-Plex4-Plex fromfrom $499k$499k withwith $2350-$2400$2350-$2400 rentrent perper monthmonth $6,500,000 250-489-3400 Call Jason at 604-725-4872 www.jvdevgroup.com www.woodlandswildstone.com Corporate OOpportunitiespportunities iinn CCranbrook,ranbrook, BBCC BUSINESS AND INVESTMENT OPPORTUNITIES • Only 20 Minutes to downtown Kamloops. River front Accord Realty from this 32 acre property with a spacious updated LTD. home and inground pool. Outbuildings include horses shelter/tackroom, hay storage, and garage/workshop. West Kelowna: 5228sf on .45ac Plenty of irrigation for your hayfi eld. Asking $750,000 fully leased to solid tenant with View video at vosrealestate.ca Penticton Apartment Building For Sale • 3 Business Opportunities in One 84 acres on extensive leaseholds and RFR, South Thompson River - Kamloops - Consisting of - Eight - 1 Bed/1 Bath Units very productive hayfi elds plus a vineyard and gravel 5.5% cap on NOI w/in-suite laundry A Business B Land for Saleale pit - 5 bedroom, 3 bath residence. Operate one or all $1,500,000 - Completely Updated from the Studs Out • Mobile Home Park • Land for Mobilebile of these opportunities. This property has water license - Located Downtown Penticton • 60 Pads on 10 Acres + Home park and is subdividable. Priced at $1.5 million 5 Acre Land (MHP Zone) (5 Acre) Kelowna: Retirement Residence, - 4.5% CAP @ $1,858,000 $2,888,000 $300,000 DWIGHT VOS 7.1% cap on Adj. NOI, 56 suites Hang Lee (604) 805-9966 phone: (250) 554-4511 on 2.15 ac, well maintained Hanna Realty BEST-WEST REALTY LTD. KAMLOOPS $6,200,000 [email protected] email: [email protected] West Kelowna: 3250sf Retail Building on 1.25 ac with Hwy SouthS Okanagan - Boutique Hotel frontage and room to expand Brand New 16 Suite Investment A Great Package! $1,750,000 Property – Penticton • 3 liquor licenses: Armstrong: Retirement - Four – Four Plex’s Liquor Store - Four Separate Title (Primary Retail Liquor license) Residence, 6.3% cap (on full occ.), - Will deliver Leased at Completion Pub & Restaurant Built 2011, 58 suites on 1.18 ac. - $4,540,000 – 4.5% CAP For All Four • 12 rooms & 1 apartment $20,000,000 - Option to Purchase Individual Four Plex’s • Tons of upgrades MLS # 170257 $2,400,000 B. Comm PETER BOUCHARD, Vacant Possession – A Great Business Opportunity! 250.470.9551

[email protected] Contact Chris Marte Personal Real Estate Corporation Penticton, B.C. 250-809-4614 Phone: 250-486-4404 Email: [email protected] CorpAccord.com or [email protected] www.okanaganhomesonline.com FOR SALE OKANAGAN – B.C. INTERIOR INVESTMENT OPPORTUNITIES

MOBILE HOME PARKS

NEW LISTING MORE NEW PARK LISTINGS OKANAGAN MOBILE HOME PARK ● Available for sale spring 2018 ● 42 Sites plus House on 10.9 Acres ● From 12 to 100+ Sites ● Designated 55+ ● Always Full ● Town Water ● Very Attractive Park ● Prices from the mid $500,000 range ● Shows 5.0% Return on Net Income ● Please call or email your contact ● Price $3,100,000 info for early notifi cation Great Business in Grand Forks 25 Rooms in Grand Forks • 7 RV Pads, 7 Mobile Home Pads, • Solid Producer for over 40 years Grand Forks Development Site U Haul Franchise • Riverfront Property with • New Owners Suite ● 2.0 Acre Level Site a 4 Bedroom House • Excellent Location ● Zoned for Single Family or Duplex Lots • C - Store attached (not operating) ● Engineering Done for 9 Lot Subdivision • $300,000 + in Recent Renovations • Solid Monthly Income in a Great Area! ● Price $299,000 Asking $634,000 Asking $1,300,000 OSOYOOS BUILDING LOTS Buying Commercial Real Estate in BC? • Desirable east bench location • Lots of late day sun Be represented by a • Prime cul de sac of new homes • Full city services at lot line • Building Scheme Ensures High Quality Homes • Developer fi nancing available COMMERCIAL BUYER’S AGENT. • Priced at $195,000 to $199,900 + GST Experienced and Effective VADIM KOBASEW Ron Palmer 250-804-3744 C OMMERCIAL REAL ESTATE SPECIALIST [email protected] 250-490-7959 / 1-800-567-6770 [email protected] www.ronpalmer.ca RE/MAX PENTICTON REALTY, PENTICTON, BC B6 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | APRIL 2018 EEXCLUSIVEXCLUSIVE LISTING!LISTING!

RREDUCEDEDUCED $1,675,000 NNEWEW LISTINGLISTING $799,000

Central shopping location. Highly visible building with frontages on both Highway 97N & Enterprise Way. Across from Dilworth Shopping Centre (Staples, Boston Pizza, Safeway, etc), near Canadian Tire, Costco, Home Depot & the Auto malls. 1.583 acre underdeveloped site coverage of 25.38%, FAR 0.33. Fully leased with holding income of $336,000 + Triple Net. 5+ Cap. Easy to manage. $6,500,000. Call Gary 250-979-8200 Principles preferred. 651-659 Victoria Street, Kamloops 744 Shuswap Ave, Chase, BC Mobile Home Parks for Sale INVESTMENT PROPERTIES Sparwood, BC Elk Valley Mobile Home Park Rare off ering Investment Opportunity 2 story commercial building 2 story building in downtown Kamloops in downtown Chase 4301 25th Avenue Investment Property With National Tenant Long term tenants Long term Triple A Tenant Petro Canada has Lease Renewals until 2032 7555 Highway 43 .74 acre site Corner Site Building upgrades throughout Excellent exposure * 17 acres with city water and sewer to the property line $2,750,000 MLS# 10150486 * Good cash fl ow and great upside potential Underground and exterior parking stalls Offi ce / retail mix * 52 occupied pads Ground fl oor retail and 2nd fl oor offi ces Onsite parking $1,890,000 Basement with ample storage and lockers Well maintained with new roof Little Acres Mobile Home Park * 15 Pads, 5 park owned homes 3308 48th Avenue Matt Wallin, B.Comm. * Paved road, all electric services 100 amp. Investment Property with National Tenant 250-372-1232 ext. 102 Petro Canada has Lease Renewals until 2032 Park is 2 acres $525,000 1.4 acre Corner Site [email protected] 6210 Lower Elk Valley Road $3,250,000 MLS# 10150483 Elkford BC Carling Place, 25 Cariboo Drive British Columbia * 20 pads on 4.67 acres * Town water, sewer & garbage Acquisition Opportunities * Strong Economy with prices rising $780,000 101, 102 4708 34th St., Vernon Hoteliers - Investors Champlain Place, 35 Cassiar Drive Strong Retail Tenant Investment Strata property Super 8 ~ Castlegar | $7, 499,000 * Low Maintenance, 28 pads on 6.97 acres Current Net Annual Income of $180,000 * Town water, sewer & garbage $3,600,000 MLS# 10142760 56 Room Super 8 Castlegar is situated on a * Room to expand, 100amp. service Stewart Pearson 2.06 acre irregular shaped sit. The hotel consists $1,100,000 [email protected] of 56 spaciously appointed units that include various themed suites. In addition there is an 601 Pine Ave, Sparwood Cell: 250-308-9760 Toll Free: 1-800-667-2040 attached liquor store and the Black Rooster bar & Valley Motel RE/MAX Grill. The Rooms division is currently generating Commercial Solutions approximately $27, 200 dollar per key.

Kelowna Driving Range | $3,499,000 Kelowna Driving Range consists of 9 covered ADVERTISE WHERE artifi cial turf tee boxes and 21 open turfed tee INVESTORS ARE LOOKING boxes along with a putting and chipping green. * Great Opportunity to own a 29 room Motel only 18 hole outdoor mini course, a modern designed minutes from Fernie. proshop and a second storey 2550 +/- sq. ft. * 1800 sqft 4 bedroom living space with a detached 2 bedroom plus den newly constructed residence restaurant that is currently leased. and maintenance outbuilding. 12.3 acres. * Conveniently located for tourists and local business, Well maintained and a comfortable place to stay. Anchor Inn Neighbourhood Pub | $1,649,000 $2,400,000 Anchor Inn Neighborhood Pub located in Armstrong Rick Pater is a multi-level wood frame structure that includes a Broker / Owner main fl oor entry foyer, main bar, kitchen, games room Elk Valley Realty and public and private washroom facilities. The lower 250-425-5432 604.669.8500 Independently Owned level has lounge style seating located on 3 risers below 1-250-425-7711 and Operated TOLL FREE 1.800.661.6988 [email protected] WESTERNINVESTOR.COM the main level. The second fl oor area is comprised of www.sparwoodrealestate.ca banquet room, offi ce area and additional washroom facilities. Steady increasing revenue with a healthy BUSINESS INVESTMENT OPPORTUNITY bottom line 5400 sqft.

BUSINESS 3280 Highway 97 ~ Kelowna High End Luxury Brand Hotel $4,999,000 $15,500,000 One of the last remaining properties in 100 unit, Kelowna on Hwy 97. 4 storey concrete structure Hardware/Building Supply - Hardware/Building Supply Business Prime for redevelopment 3 acre site Business & Land, Enderby, BC Vernon, BC currently split zoned C-10 service generating approximately - Great business opportunity in the Okanagan Valley - Well established hardware business with great exposure $30,000 per key. - A fully operational and successful hardware business - 7000 sq ft retail location with mezzanine on 2.48 acres commercial and I-2 Industrial. - Includes, land, buildings, fi xtures & equipment - Multiple outbuildings and 2550 sq ft offi ce on site - 3.38 acres zoned I1 light industrial - Price includes equipment, fi xtures and - Adjacent 1.57 acre parcel available for $375,000 leasehold improvements TONY SPROVIERI 701 Bass Avenue, Enderby $2,120,000 MLS# 10151061 4211-25 Avenue, Vernon $785,000 MLS# 10151056 www.donkassa.com 250-878-7811 [email protected] 1-800-421-3214 KELOWNA Don Kassa 250-549-4161 RE/MAX Vernon [email protected] APRIL 2018 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | NORTHERN BRITISH COLUMBIA | B7

For more information on these or other businesses & commercial properties contact: ADVERTISE WHERE 250.864.0777 INVESTORS ARE LOOKING David Manuel dave@businessfi nderscanada.com COMMERCIAL BUILDING - 100 Mile House, BC / $890,000 Two buildings (4,800 + 7,200 sq ft). 10%+ CAP RATE. BUSINESS WITH REAL ESTATE – Okanagan / $6,150,000 This well established metal recycling and metal sales operation has been in business for over 20 yrs. 5 Titles of Land RESTAURANT WITH REAL ESTATE – Central BC / $765,000 Extremely successful restaurant with excellent cash fl ow and revenue. Sales $1M / $195K Cash Flow MEDICAL/DENTAL EQUIPMENT BUSINESS INCLUDING LAND – Central Okanagan / $1,625,000 604.669.8500 TOLL FREE 1.800.661.6988 Operating for over 20 years this company supplies well known medical equipment brands and specializes in the WESTERNINVESTOR.COM repair of small equipment and devices. Includes Business, Land and $450K Inventory. Cash Flow $360K

Investment Opportunity Tronson Rd to Canadian Lake View Estates PRINCE GEORGE AND AREA Vernon, BC • 2.46 Acres • Easy Access www.pgcommercial.ca • Park Settings • 6 Lot Plan on File • Quiet Area • Treed Site GEORGE Redfern River Lodge - Business FOR SALE • Water Available • Sewer Available WEINAND Located on spectacular 52 mile long Eutsuk Lake. The lodge is permitted • Zoned C-6 Commercial 250-960-9556 [email protected] to fi sh 15 lakes and 4 rivers with with Residential component world class fl y fi shing. This is the only lodge in North Tweedsmuir $428,000 ROD MLS: 10146050 www.oklandbuyers.ca Park, giving you a very unique McLEOD opportunity to experience this 250-961-3325 remote area. Don’t miss this one in Pat Duggan Peter Lockhart [email protected] Personal Real Estate Corporation a lifetime opportunity to own a little Royal LePage Downtown Realty Ltd Cell:250-549-0333 piece of heaven on earth. Cell: 250-308-0938 4007- 32nd Street, Vernon, BC [email protected] [email protected] THINK REAL ESTATE... The Best Investment on Earth

Perfect Property for a Small Business Freestanding Complex on 2.6 acres Gaming Centre/Casino in Prince Rupert Exclusive Casino opportunity includes slots, bingo terminals, off track horse betting, keno/lottery, sports bar, and convention centre ….. All with an 8715 - 100 Ave amazing ocean view in the booming 6480 Airport Road Offering high visibility, a fenced compound with exterior storage and Zoned Light Industrial this 1 acre parcel offers a stand alone 1338 excellent access. A total of 18 offi ces, 1 oversized conference room with City of Prince Rupert. sq ft. offi ce building w/fully fi nished concrete basement. Previously kitchenette, 1 smaller conference room plus 2 break-out rooms... all used as a residential home it has been extensively upgraded; air-conditioned. 4-bay shop (of which 2 bays are currently used for fi le Serious inquiries only fl ooring, bathrooms, paint, kitchen. Convert this to 5 offi ces, board storage). End drive-through bay is 33'x78' with two 16'x16' overhead rm, break out area, & you have a great offi ce located on 1 acre of doors and a 10-ton crane. Paved guest and employee parking lot and leveled, graded, graveled & fenced w/hitching rail located on the majority paved storage yard. Chain-link fenced at front with gates. Don Kehler Personal Real Estate Corporation Airport Road close to major Energy Sector Companies. Located on the busy corridor of the Airport Road Powerhouse Realty – Commercial/Industrial Division $580,000 - MLS# C8017485 $17.00/sq. ft. + NNN MLS# C8015368 ACCELERATE YOUR BUSINESS Self Storage & Offi ce Bldg For Sale Offi ce 250-563-1000 Cell 250-613-9553 teampowerhouse.com [email protected]

INDUSTRIAL • 1.33 acres with all city services, paved road, fenced $229,000 • 120 acre sawmill site 15 minutes from Prince George, several 6419 Airport Rd buildings, scale, paved yard, 2 water systems $2,200,000 #4, 8822 - 100th Street Attractive multi-tenanted building. Good exposure to the Alaska 184 unit self storage and 8000 sq. ft. fully leased • 11,000 sq ft light industrial building in central location Highway which makes for optimum visual exposure for your retail building located on a total 4.74 acres. $12.00 gross business. This space consists of front reception & offi ce with Other income gained from a free standing • 28,642 sq ft quality building on 5.36 fenced acres, cranes, rear bay measuring 25' x 40' with 1-14' overhead door, Quonset building, packaging depot & U-Haul. sprinklered, paved parking. $2,900,000 2 pce bath & 17' x 25' mezzanine. Quick possession available. Future expansion on remaining 2 acres. • 21 Acres close to downtown onHwy 16 E. $599,000 Also available Bays 6 & 7. For Sale or Lease • 18,683 sq ft warehouse on .88 acre $850,000 or $5.50 net $16.00/ sq. ft. + NNN - MLS# C8001337 $18.75/ sq. ft. + NNN - MLS# C8017835 • 4514 sq ft light industrial/retail, great location $8.50 net 509 Carney Street 4,300 sq. ft. Building for Sale/Lease Professional Building For Lease • 119 acre gravel pit with 600,000 m3 of good quality gravel $1,150,000 • 4000 sq ft 3 bay shop and offi ce on 1 fenced acre for lease $10.00 net DEVELOPMENT LAND • 8.15 acre with city services,SSOLDOL subdividableD $119,000 • 10 acres, 570’ of Hwy 97 SouthSSOLDOL frontageD close to city $150,000 • 160 acres in city with 6300 m3 of timber $189,000 10019 - 103 Ave • 3 acres with Hwy 97 S frontage $115,000 10067 - 100 Ave Accelerate your business success with this brand new architecturally Own your own offi ce building and a little bit of Fort St. John history! designed and custom built state-of-the-art professional building This building has been extensively renovated to accommodate 14 to 15 BUSINESS OPPORTUNITIES/OFFICE/RETAIL located in the central business district. The ultra modern landscape offi ces, large front reception and waiting area, board room, fully equipped • 15,000 sq ft former bank downtown $1,100,000 or $11.00 net kitchen with 3 pc bath. 2 handicap washrooms, 2 fi le storage rooms, full design leads to the tempered glass entrance canopy and doors, Otway Road Gravel Pit undeveloped concrete basement. Parking at rear. beautiful foyer and custom designed elevator. Two ground-level • 2.89 acre C6 with 19,406 sq ft former auto dealership in city $3,900,000 units, ranging between 1076 and 1121 sq ft. The 2nd fl oor offers 4 Historically it was our original Marshall Wells Hardware Store. • 18,000 sq ft 3 storey downtown offi ce building $1,750,000 Property also for lease see MLS# C8013178. amazing units ranging in size from 1271 to 2030 sq ft. $669,000 - MLS# C8013177 $37.00/ sq. ft + NNN - MLS# C8015527 • 148 acres with 1360 acre woodlot $275,000 • 86 seat fully equipped downtown restaurant $70,000 Kathy Miller • 11 unit apartment building with low vacancy $949,000 Personal Real Estate Corporation • Former car dealership on busy corner $1,500,000 or $8500 net RE/MAX Action Realty (1991) Inc. [email protected] HANS JOHANSEN KIRK GABLE 250-785-5520 250 960-9339 250 981-3535 Toll Free: 1-888-785-5520 [email protected] [email protected] B8 | NORTHERN BRITISH COLUMBIA WESTERNINVESTOR.COM | APRIL 2018 Alberta-B.C. border battle opens a northern front FEATURE | Alberta threat to new gas pipeline puts the northern B.C. economy on notice

Transmission Ltd. (NGTL) ship- BY FRANK OBRIEN pers. This negatively impacts our [email protected] royalty income, taxes, and Alber- tans’ employment in the sector,” according to McCauig-Boyd. lberta’s recent objection to Peace River South MLA Mike a new $1.4 billion pipeline Bernier from the northern B.C. gas noted that Alberta hadn’t A expressed opposition to the project fields is just the latest intrusion into a northern economy still until now. staggered from cancellations of “The trade war is expanding and liquefied natural gas projects and the job losses are mounting. It is threats to kill BC Hydro’s Site C ridiculous that another project is dam. being dragged into [B.C. Premier The frustration is particularly John] Horgan’s trade war,” Ber- close to the surface in the North- nier said. east, which has the only oil and TransCanada had planned to gas projects working in B.C. – start construction of the project those five projects a far cry from this year, subject to regulatory ap- what was expected just two years provals. It would give producers ago. TransCanada undertakes natural gas pipeline maintenance work on a pipeline in its existing Nova Gas various options including deliv- Many locals blame southern Transmission pipeline project in northeast B.C. | TRANSCANADA eries to local distributors, East- press, environmentalists and ern Canada, the U.S. Midwest or politicians for helping to scuttle towards projects like the Site the giant gas fields near Dawson through the province, namely California/Pacific Northwest. It resource projects that the north C dam is negative, and backing Creek. through the Trans Mountain ex- would also pipe liquids needed to provides and the provincial econ- resource investments for eco- TransCanada is looking to build pansion that would pipe Alberta facilitate the flow of bitumen from omy depends on. nomic reasons is short-sighted the repurposed pipeline to bring bitumen to an export terminal in the Alberta oilsands. “I would not say it’s just a bit and narrow-minded. B.C. gas to markets in the East, as Metro Vancouver. A 2015 study estimated the pro- frustrating; I would say it con- “It’s infuriating that we can- it originally planned to bring gas Alberta has already suspended ject would pump more than $800 sumes our lives,” said Moira not be heard because we’re the to the shuttered Pacific NorthWest electricity purchase talks with million into the B.C. economy, Green. provincials, the uneducated, the LNG project on the northern B.C. B.C., and had imposed a brief im- including $8 million in property Green is the economic develop- ‘how could you possibly know But B.C. also wants to levy a tar- port ban on B.C. wine in protest. taxes to the Peace River Regional ment officer for Fort St. John, the what’s good for us rural dwell- iff on the pipeline that all those Alberta’s energy minister said District. Construction is expected second-largest city in the north, ers,’” Green said. using it would have to pay. The its stance against the Mainline gas to create up to 2,500 direct jobs. a major natural gas hub and a city Many northerners also blame Alberta stance is that the gas pipe- project is unrelated. TransCanada said it would also that nearly borders the $8.8 bil- the provincial government for line would be built to benefit B.C. “Our filing has nothing to do with add a $2.4 billion expansion to its lion Site C dam. the pipeline-sparked trade war gas producers, but that Alberta the recent dispute with the govern- NGTL system to deal with the in- A perceived threat to cancel Site with Alberta. They see Alberta’s producers would be expected to ment of B.C. This is about standing creased supply. C by the NDP provincial govern- filing against the new gas pipe- help pay for it. up for Albertans and our energy The National Energy Board ap- ment in 2017 – a threat later taken line as just the latest salvo it that “This is all part of the politics industry,” said a statement emailed proved the North Montney Main- off the table – stoked northern battle, though both Victoria and around the oil pipelines,” said from the office of Alberta Energy line pipeline in April 2015, with suspicion that southern politics Edmonton deny it. Dawson Creek Mayor Dale Bum- Minister Margaret McCuaig-Boyd. conditions. B.C. granted the pro- trumps northern prosperity. In March, the Alberta gov- stead of the latest interprovin- “Our position is that rolled-in ject an environmental certificate Green said it’s a never-ending ernment filed its objection over cial dispute. “It has just moved tariffs will result in subsidiza- in January 2017. ■ source of discussion around TransCanada’s $1.4 billion, 301 upstream.” tion beneficial to the B.C. North Fort St. John, that elitist – read kilometre North Montney Main- B.C. wants to restrict the flow of Montney extension project at – With files from Patrick Blenner- southern B.C. – sentiment line project that would run from increased volumes of the product the expense of existing Nova Gas hassett and Alaska Highway News Dawson Creek and Area Development opportunity! 80 acres located in the SW 21 Acres Commercial Land located in the City Limits. FOR LEASE! Centrally located 4,828 SF modern offi ce FFOROR LEASELEASE Brand New Shop: On .35 acre this shop has corner of Dawson Creek. Currently zoned A-1, this property Property is situated close to major retail outlets space. 3 enclosed offi ces, staff room, designated 2 bays 65 feet deep, 560 sq ft offi ce area and has easy access to services/roads to develop into residential such as Walmart and Canadian Tire, the Multi Plex washrooms, large boardroom. This property has a a one bedroom suite upstairs. Doors are 14 or multi-family units. Listed at $4,250,000. MLS 169568 several Hotels and the Regional Airport. $2,700,000. professional layout that will work for many uses. Fantastic Development Site! 1.02 acres zoned RM2 will MLS 152701 Centrally located, close to the police station, city hall, feet high, 400 amp 3 phase power, in fl oor allow for up to a 37 unit apartment complex. Services up to Great Location and potential. 10.33 fenced and gated and the local government building. Lots of parking to heating, bathroom with shower in shop. or on the property such as fi re hydrants, curb and gutter and acres zoned C-3 between the regional District and the offer. $12.50 per SQFT NNN. MLS 170076 development deposits paid. Priced @ $300,000. MLS 170525 Golf course on Alaska Highway. $1,150,000. MLS 152611 Priced @ $18.00 P.S.F. MLS 166435 Commercial building on 8th Street next to Tim Horton’s. Building for sale: HIGH traffi c location on Alaska Industrial Shop. Industrial, fabricating, sandblasting 2 units available. One 2025 SF and one 2870 SF. Plenty of For Sale Hwy with a 1540 SF building on .4 Acre lot. Existing and paint facility. 3.72 Shaled, Graveled and fully onsite parking, competitive lease rates. Cam costs $7.15 Shop with Living accommodations. 4 bay, 5,200 SF shop, 13,000 sq ft building On 4 lots in Downtown Creek. Business has European trained Baker that has many fenced acres in Pouce Coupe. 7800 SF steel building PSF. Lease rate @ $16.00 per SF. MLS 169291 built in 2010 is on 9.6 acres of fully fenced Industrial land. 4 units (currently all rented) Updated furnace, roof, loyal customers. Priced @ $310,000. MLS 167578 with 22’ doors with a sandblasting booth. Also a The living accommodation is a 4 bed 4 bath, 1300 SF siding. Income of $33,500 year after all expenses. Residential development land. 78 acres located on 7600 SF building with 16’ doors used as a paint High End executive offi ce space. 3 shop bays on a suite, with living room, and kitchen area. Great location Owner will consider fi nancing to qualifi ed buyers. the NE corner of Dawson Creek. Zoned RS-1(64 acres) shop with a paint booth and 2-5 Ton Gantry Cranes. high visibility lot on HWY 2. Total of 7,249 SF with on the Alaska Hwy. Priced @ $1,600,000. MLS 169176 Priced @ $345,000.00 MLS 170964. and RM-1(10 acres) and 4 acres park. Feasibility study Included is a 3400 SF coverall shop and a 12 x 60 2,876 SF of offi ce and 4,373 SF shop. 8 offi ces, board Fantastic Investment Opportunity! 70 acres zoned and preliminary design for 203 RS-1 zoned lots and Atco Signature offi ce trailer. $3,290,000 MLS 169918 room, 3 bathrooms and a reception area. Secured Industrial Location with Highway Frontage! 11,700 commercial industrial in Dawson Creek on Hwy 2 (Edmonton approximately 95 RM-1 zoned lots. $3,210,000. MLS 169569 compound with electric gate. High end fi nishes in an Hwy), Great location, all City approval and engineering done. SF. building. 10,000 SF shop with 4 drive through bays, For Sale or Lease up to date building. Cam costs of approx. $5 per SF Ready to develop NOW! Priced @ $4,590,000. MLS 169447 and 1,700 SF. offi ce space. Fenced and secured 1.675 6.15 and 4.237 Acres of Development Land in Dawson lease rate of $9,965 per month . MLS 169564 acres is ideal for large trucks, storage and parking. Creek. This land is highly visible to all traffi c from Alberta Offi ce Building - Located in downtown Dawson INVESTORS! This package of lots totaling 15 acres zoned Priced @ $2,100,000. MLS 158902 border, close to the airport, and directly across from major Creek this 7950 SF offi ce building has an open Excellent Shop and offi ce space. Several possible M3 and C3 are situated with hwy 2 frontage and in front of retail & hotel development. The C3 Highway Commercial size packages from 2000 SF of shop space up to the Dawson Creek Airport. Priced @ $2,500,000. MLS 169100 offi ce concept with secured paved parking lot . Location, location!! Commercially zoned lot on the zoning allows for anything from carwash/ service station to Priced @ $895,000.00 or $12.50 P.S.F. MLS 163963 8800 SF with 14 offi ces and 3 bathrooms. Call now United Church - Over 11,000. t. includes the sanctuary, hall, corner of Alaska Highway and 17th Street. 3/4 of an acre. hotel I motel to retail, auto sales and much more! Excellent to see how a package can be tailored to your commercial style kitchen, and offi ces. This could be easily Great visibility for a new business. Ideal for a car wash development opportunity. $150,000 per acre. MLS 158684 needs. From $12.00 per sqft Triple Net. MLS 164687 converted for various uses. Zoned C 2. $325,000 MLS 169885 For Lease or convenience store. Priced @ $395,000. MLS 169004 High Traffi c, High Visibility, Excellent Access and a rail 1.56 acres of Commercial (C2) property. Located north Industrial Shop 5500 SF with 800 SF of offi ce space and Lay Down Yard Available. Up to 15 acres of gravelled The most desirable heavy industrial commercial line running through the commercial property!! Situated yard area available in Dawson Creek, next to Hwy 2. No of the traffi c circle on 8th Street. The assessed value on Alaska Hwy just off one of the busiest intersections in secured parking. Newly renovated with bathrooms and is $310,000 but Priced to sell @ $209,000. MLS 171034. lot in Dawson Creek. High visibility and great high restrictions, good drainage, easy access and good Dawson Creek. Approx. 10,200 SF of heated, 12,200 SF of staff kitchen area this shop has great access, 3-14’ wide accessibility. The lot has been stripped and shaled security. Asking $1,500 per month per acre. MLS 169567 Fort St John shop situated on 4.9 acres which includes its down to the clay base. $1,890,000. MLS 167659 cold storage space on 4.32 acres. $998,000. MLS 168032 overhead doors, 600 amp service. $18 per sqft. MLS 170055. own rail spur! This 7663 SF shop has been built to impress with 4 18x14 overhead doors, offi ces, in fl oor heat as High visibility high traffi c beside the new Peterbuilt shop. High Visibility – Up front and center! High Traffi c Great Location on 8th Street in Dawson Creek. 1722 well as heated aprons and a full wash bay. The yard Solid Land Investment Opportunity 4.49 acres of On Hwy 2 and close to the airport this 3.4 acres of Great Parking 1750 SF to set up your dream business! SF building on 2 lots zoned C-4. Lease rate of $15 is stripped, shaled, fully fenced and gated. Call listing zoned C-4 land located on the way into Dawson industrial land is stripped, shaled and fully serviced which This zoned C-3 commercial corner unit has a Basic per SF Local improvements $582.20 off 2025. Call for agents now to view! Priced @ $4,500,000. MLS 170974. Creek just off of highway 2. $750,000. MLS 170636 makes it ready to build on. Priced at $799,000. MLS 168698 lease rate of $18.00 per sqft. MLS 169983 more info . MLS 166761 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 APRIL 2018 | WESTERNINVESTOR.COM NORTHERN BRITISH COLUMBIA | ALBERTA | B9

6410 90 Ave SE 228 Acres in Fernie QEII Hwy & Hwy 27 Hwy 27 & Hwy 2A

• For Sale / Lease • For Sale • For Sale • For Sale • $4,975,000 Sale Price • $7,700,000 Sale Price • 150 ± Acres of NAI Advent • 126 ± Acres • $13.00 /SF Lease Rate ($33,772.00 / Acre) develpoment land in Olds 833 34 Avenue SE • $4,750,000 Sale Price • 15,665 ± SF Industrial • Alpine Trails residential • $4,488,000 Sale Price Calgary, AB T2G 4Y9 ($37,700/acre) building on 4.87 acres development land ($30,000/acre • [email protected] • [email protected] • [email protected] • [email protected] (403) 984-9800 • [email protected] • [email protected] • [email protected] naiadvent.com • [email protected]

TERRACE, B.C. 9 UUnitnit A PPLACELACE TOTO CALLCALL HOMEHOME MMultiulti FFamilyamily CComplexomplex RREVENUEEVENUE PPROPERTYROPERTY CCALGARYALGARY

Motel 43 Room + Manager’s Suite. 2 Story Building. Fort St. John BC Full Service Hotel 110 Rooms Manager will stay and operate. Absentee Owner Leased Lounge, Restaurant & Pub. Price below Land Since 2010. Great for Family Run or Investors. Value - 4.5 Acres. Requires New Investors. Hydro Located DT Prince George BC. Price 1.6M Plans Mega-Projects Nearby! Quick Sale Price $3m

1.1 acre MHP in TERRACE BC Investor’s Treat. Low vacancy, 9 pads with long term tenants 9 unit Multi Family complex Fully landscaped with Over $40K gross income Excellent Southwood Location at an 2012 16x72 modular and 600 sf heated intersection of Elbow Dr. & Sacramento Dr. S.W. shop for owner or rental Over 14,000 sq ft of land, ASKING $699,000 ideal for future development. Call or email Dave Materi for info package There are: Golf Course Driving Range, Pro-Shop, 18 Hole Hotel. Viking, AB Bar, VLTs and Mini Liquor Store 4 – 3 BR 2 Storey units with full basement. Championship Course. 6 Month Open a Year. 200 w/28 Rooms. Leased Restaurant. Possible Change Acres w/100 Acres Zoning in Place Commercial, Resorts to Franchise. Only Conference Facility in Town - 3.5 4 – 3 BR Bi-level Units & 1 – 2 BR Bi-level unit. Develop, NOI 10% Cap. Central City BC. Price $3.5m Acres Land - Major Hwy Exposures. Price $2m All units come with appliances & Parking Stall. All the units are rented. Well maintained w/ numerous upgrades + have undergone major renos. Close to Anderson LRT, South Centre Mall, Schools, Parks and more.

Call DAVE MATERI PREC $1,950,000 RE/MAX Coast Mountains Terracerrace Vijay Thankey 87 Room Motel Indoor Swimming Pool, Restaurant- HOTEL Alberta Drayton Valley - Hub of Oil and 250-615-7225 Re/Max Realty Professionals Leased, Rooms revenue currently $1.3m & increasing, N-Gas Region. 47 Rooms, Renovation Done Recently [email protected] 403-554-4268 Good Financing & Manager in place. Pending w/Kitchenette all Rooms & Lounge. Leasable 200 [email protected] vj2good.com Franchise. At the core city Brandon MB. Price $4.5m Seat Restaurant. Busy Year Round. Price $4.5m www.Davemateri.ca

PRINCE RUPERT/PORT EDWARD 10 acre RAW LAND DEVELOPMENT OPPORTUNITY Unique piece of property ready to be developed for your commercial/industrial needs. Excellent location with Highway access roughly midway between the Hwy 16 junction and Port Edward. Fully usable 10 acres ideal for potential construction camp, staging and/or storage. BC Hydro, Gas, Telus, and Cable Motel Cache Creek BC 25 Spacious Guests Room + Motel 95 rooms + Owner’s Suite Business w/No 3 Bed Owner’s Suit. Clean & Healthy Business. Runs Restaurant - Only Rooms. Extensive Renovations run right by the property frontage. There are no other properties by Family for 21 Years. Now Retiring. First Time on Done w/Possible Franchise. High Volume Sales. like this available in the area/Ocean view is a bonus. The Market. Extra Lot for Expansion. Price $1.2m GP. Alberta. Price $5.5m Reduced to $985,000! Serious inquires only

Don Kehler Personal Real Estate Corporation Powerhouse Realty – Commercial/Industrial Division Offi ce 250-563-1000 Cell 250-613-9553 teampowerhouse.com [email protected]

UNIQUE PROPERTY Alberta Motel Bar and Grill Restaurant, Fitness Centre, 50 Bowling Alley 80 Seats Neighborhood Pub, 4 Rental FARM / RESIDENTIAL / COMMERCIAL / DEVELOPMENT Luxury Rooms. 10 Years New on 3+ Acres Land. Located units. 3 Bed Penthouse. 24 Lanes 5 Pins Bowling Central Alberta. Room Sales w/High Occupancy Rate + $1m Lanes. 40,000 Sqft 3 Story Concrete Building. 18,000 SUBJECT • 469 acres/288 in hay production Sales at Restaurant. Price $7.5m Sqft Land. Downtown Chilliwack BC. Price $3.3m PROPERTY • 3 homes – main home has been renovated/ other two homes are rented out at $950/month/each John, C Nam Vincent Huang • 4th site serviced for another home/modular • Shop rented out for $500/month Direct: (604) 805-9131 Direct: (778)-551-5558 [email protected] [email protected] • Minutes from downtown Prince George Coldwell Banker Westburn RE/MAX CITY REALTY Burnaby, BC Canada (O) 604-439-2266 Asking $1,700,000 286 Kingsway, Burnaby, BC. Don Kehler Personal Real Estate Corporation Powerhouse Realty – Commercial/Industrial Division Offi ce 250-563-1000 Cell 250-613-9553 CITY REALTY WESTBURN REALTY teampowerhouse.com [email protected] B10 | ALBERTA WESTERNINVESTOR.COM | APRIL 2018 Calgary leased industrial being converting to sold space COVER | Vancouver’s PC Urban is turning a fully leased industrial complex into 111,000 square feet of industrial condominium space

to major highways and downtown terms of employment and new By FRANK O’BRIEN Calgary. business opportunities,” said & GEOFF KIRBYSON The buildings date to the 1970s Casey Stuart, Calgary-based [email protected] and have 18-foot ceilings, con- vice-president of industrial at sidered low by modern standards. Barclay Street Real Estate Ltd. ancouver developer PC “It’s the location that is really He said people tend to buy less Urban Properties Corp. the key,” Ferguson said. He said land during a downturn but he’s Vhas bought a fully leased the local industrial vacancy rate expecting to see some increased industrial park in south central is around 5 per cent and lease activity this year, particularly in Calgary where it plans to convert rates are in the $10 per square industrial. the 111,000-square-foot property foot range. “If we see an uptick in land sales to industrial strata. PC Urban is well known in in 2018, that will be a clear sign Core Business Park will be one Metro Vancouver, where it has that we’re on the right path,” said of very few commercial condo successfully converted a number Brian Gettel, president of the Net- conversions in the Alberta city. of old industrial sites into modern work Real Estate Intelligence, an It may also signal a trend of in- strata buildings. Edmonton-based real estate re- dustrial action moving to Calgary But Ferguson said it is unlikely search firm. from overheated, higher-priced that the Core Business Park will Stuart believes Calgary’s geo- Vancouver. see the $800 to $900 per square graphic location is a big advan- “There’s a very limited sup- foot prices being achieved in tage from a logistics perspective ply of inner-city resale [indus- Vancouver. and was largely behind a large trial] condos in Calgary,” said Core Business Park’s condo investment from CN Rail, which Sean Ferguson, associate vice- prices will range from $230 to Agent Sean Ferguson at the current Core Business Park site (with rendering built an intermodal park just east president, industrial, for Cush- $245 per square foot, Ferguson of strata-space refit, below): “There’s a very limited supply of inner-city of the city a few years ago. man & Wakefield, the listing said. A typical unit is around resale [industrial] condos in Calgary.” | MARK SHANNON, MARK ELEVEN PHOTOGRAPHY. “We’ve created some infra- agent for the property. “Most is 4,600 square feet. structure to support logistics either newly developed and sold “This is a rare opportunity for We have seen a throughout the Pacific North- as a shell, without an office or on businesses to invest in their own number of distribution west, which includes the runway the periphery of the city.” commercial property in Calgary,” and international terminal up- The 13 tenants currently in place said Brent Sawchyn, principal at companies relocating grades at the Calgary airport, and at the 24-bay building will exit, PC Urban. “As we’ve seen in our to Calgary ... instead of rail and truck traffic,” he said. either through early termina- other commercial condo projects Vancouver. It also helps that Vancouver’s tion or by purchasing their unit, in Vancouver and Kelowna, it’s a industrial market is “overheated” Ferguson explained. A separate move many businesses are ready CASEY STUART, with a vacancy rate below 2 per investor could also buy a unit to take.” VICE-PRESIDENT, INDUSTRIAL, cent and very high land prices, and keep the tenant in place, he Renovations at Core Business BARCLAY STREET REAL ESTATE he added. suggested. Park will start this summer with LTD. “There is extreme pressure “We will work to find an amic- completion scheduled for the first year earlier, thanks largely to the on [Vancouver] rental rates so able solution,” he said. quarter of 2019. transportation and warehousing we have seen a number of dis- Tenants can choose to stay as Calgary’s overall industrial va- industries, as well as food and tribution companies relocating the developer does a substantial cancy rate dropped to 6.5 per cent health-care. to Calgary or adding additional upgrade to the two old buildings at the end of the fourth quarter “Without question, industrial square footage here instead of in on the 5.6-acre site, which is close of 2017, down from 7.9 per cent a will have the most growth in ” Vancouver,” Stuart said.■ Layne Gardner TTurnkeyurnkey CampgroundCampground & RRVV BBusinessusiness RE/MAX 780-624-3844 (offi ce) Northern Realty wwithith PotentialPotential toto ExpandExpand Peace River, AB 780-618-7642 (cell) HIGH EXPOSURE COMMERCIAL BUILDING - $2,000,000 Fantastic highway frontage and visibility! Just over 13,000 sq. ft. building sits on three paved lots comprising 2.38 acres. Much of the lot is fenced which provides a secure space. PRIME HIGHWAY COMMERCIAL LAND - $3,300,000 Fully serviced 7.78 acres with 360 feet of highway frontage directly along Highway 2. Zoned C-2. COMMERCIAL REAL ESTATE - $1,100,000 Located on the ever-growing West Hill, right in the heart • Close to Edmonton, St. Albert, of the action! Some of the land is highway adjacent and Spruce Grove and Stony Plain has excellent visibility and access off the highway. 35 acres of raw land to develop. Zoned C-3. • 45 site RV campground on 15 acres, EXCELLENT OPPORTUNITY FOR A GROWING BUSINESS - $999,000 PWS to all sites 6,992 sq. ft. shop with 1,248 sq. ft. in offi ce space. • Some equipment included Situated on just under 2 acres of fully fenced land with a rolling security gate. Several outside storage spaces. • Picnic shelter, offi ce, shower building Available to lease at $9 per sq. ft. plus triple net if you’re not ready to buy but still want to grow. • Stocked trout pond PERFECT BUILDING AND LOCATION TO EXPAND - $1,399,000 • 5 lakes and 5 golf courses within 35 17,500 sq. ft. building on just over 7 acres of land - most minute drive of which is fenced and gated. Building is divided with just over 11,000 sq. ft. shop space and approximately • Full 160 acres: 100 acres open for 6,500 sq. ft. of offi ce space. Shop has 2-10 ton cranes development, 25 acres treed and 6 overhead doors. • Living quarters (older 14’ wide trailer), PREMIER RESTAURANT/COFFEE SHOP - $160,000 Well established and profi table turn-key 60 seat self serve shop and machine shed on site restaurant with a loyal following. Features a made from • Subdivision approved scratch menu with simple, provenLD recipes. Licensed and equipped to host concertsSO and private functions. Private Sale ALBERTA BUSINESS AND CONFERENCE CENTRE - $2,250,000 Centrally located, this unique property offers 37,000 sq. Price: $1.2 million ft. of offi ce, banquet, concert, wedding or entertainment space. One of the largest event centers north of Grande No agents Prairie. This venue boasts a well equipped commercial kitchen and smaller restaurant. 780-995-5555 APRIL 2018 | WESTERNINVESTOR.COM ALBERTA | B11

WWANTED!ANTED! • HOTEL (FLAG): Room 70, Sale $2.0 mil +, Exceptional FOR SALE OR LEASE less than 10 years old ...... $6.8 mil. Warehouse/Manufacturing EEDMONTONDMONTON AAPARTMENTSPARTMENTS • HOTEL (FLAG): Room 70, Sale $1.3-1.6 mil, Tree Nursery For Sale Edmonton, AB FFOROR SSALEALE Population 60K ...... $5.45 mil. Central Alberta • MOTEL: Room 20, Sale $300,000...... $999,000 3608 69 Avenue – Main shop 22,500 sqft, 600 6 uunitsnits OOliverliver • GAS STATION (Calgary) ...... $1.49 mil. ❃ 88 acres certifi ed Tree Nursery amp service, 2 ten ton bridge cranes (23ft un- ❃ 26 units Strathcona • HOTEL: Room 9+Liquor $560k+Bar $210k+VLT Includes home/shop der hook),east building 2 fi ve ton bridge cranes ❃ (60’ x 250’ - 10ft under hook). All on 3.46 acres. $50K+Leased restaurant $30k ...... $990,000 Commercial real estate potential SSOLDOLD ❃ Professionally appraised land $4,500,000 / $12.00/sqft net • HOTEL: (Franchise) in Lethbridge. Room 86, ❃ 28,000 trees in production 7 uunitsnits WestWest EndEnd leased restaurant, land 1.5 acres ...... $7.4 mil. 2211 uunitsnits SSaskatchewanaskatchewan DriveDrive ❃ 5000+caliper trees online for 2018 Wayne & • STRIP MALL (5 BAY) Rent Income $83,000 .. $950,000 ❃ Includes equipment 49 uunitsnits SSaskatchewanaskatchewan DrDriveivve • MOTEL: 38 room, 30 mins from Waterton Park .. $920,000 ❃ Optional/included leased tree Morgan CContactontact mymy teamteam atat • CONVENIENCE STORE: Calgary...... $1.25 mil. sales outlet in Calgary ❃ Owner retirement Moen EEmail:mail: [email protected]@gmail.com Thomas Koh (CIR) Steve Bouchet 403-888-1866 780-504-6789 SSashaasha UhrynUhryn MMBABA RealReal EstateEstate 403-680-9827 [email protected] RE/MAX Real Estate AAlliancelliance RealtyRealty Inc.Inc. [email protected] YOUR ADVANTAGE IN ALBERTA CURRENT OFFERINGS INVESTMENTS TOWNHOUSE RENTAL COMPLEX IN CALGARY • A Flagged 124 Unit Limited Service Hotel featuring a Asking: $42.49M, Revenue: $2,759,975 wide variety of amenities such as conference/meeting 197 Two (109 unit)and Three bed room (88 unit) townhouse CALGARY AREA rooms, business center, fi tness center, indoor swimming complex situated 9.2 ACRES adjacent to shopping mall and pool/hot tub, guest laundry among other features and LRT Station. amenities, superb location, excellent continuous operating • OLDS - Hotel Site/multi-family site/ HIGH END FRANCHISE HOTEL IN BIG CITY performances, a very good potential up-side, Asking commercial site available in fast growing Asking: $16,700,000, Revenue (2016: $4,098,000, 2017: $19,500,000.00 community $3,552,000). 102 room,1.99 Acres which was built in 2014 located very stable big city in SK. • Flagged 93 Suite Hotel in a very substantially • OLDS – 20 acres development site - Located a 2 minute drive East economically dynamic community, which has a location RV PARK, LEASED C- STORE, GAS STATION & LIQUOR STORE highway frontage that renders superb exposure that among other things, of Medicine Hat’s City Limits Asking: $16,300,000, Revenue (RV Park: $1,383,723, Rental attest to its constant year over year revenue growth. It Income : $31,340). Fully service 121 RV PAD, 444 RV Storage, • OLDS - 2900 sqft retail space for lease – - Upscale industrial building with 5 drive is currently being offered at a price that should allow it, 94 Cold storage Two single family house for owner and staffs and high traffi c area 30 ACRES land located Close to Calgary, Banff and Kananaskis. under continued prudent management continue it stellar thru bays performances, going forward. Asking $15.5 million. • SUNDRE - 300 acres with river running - 4.62 acres of land secured with chain FRANCHISE HOTEL IN AB BIG CITY through, gravel, highway access, potential Asking:$10,500,000, REVENUE: (2014:$3,335,716, • A relatively new 74 Room Limited Service Hotel, located development opportunity link fence and cameras 2015:$2,668,155, 2016:$2,142,284, 2017:$2,310,915.99), in a very busy area that that keeps it constantly running 92 Room, 1.97Acres High End franchise hotel which was built 100% occupancy at a signifi cant ADR, thereby delivering • SUNDRE - 1.67 acres multi family site in - Includes many extras like a 18000 lb in 2004 and has been renovated to meet Franchise standard. substantial continuous high revenues. It is relatively new; growing community rotary hoist, 7.5 HP compressor, air MOTEL IN SK as such, there are no required up-grade in the near term. lines, MUA, pressure washer station and Asking: $9,700,000, Revenue (2016: $1,919,710, 2017: Further, it is being offered at the very reasonable price of • SUNDRE – 118 X 120 commercial lot - great $1,883,385) Two hotel each 65 room, 7Acres /2acres as $14,000,000.00 location much more package which was built in 2014 located in the southeastern portion of the province of Saskatchewan • Strata Apartment and Towne House complexes Plus • BOWDEN - 31 acres industrial & commercial - $2,499,900.00 Retail Units: A Superb Multi-Family development development land adjacent to Highway 2 FRANCHISE MOTEL IN CALGARY consisting of 71 apartment Units – 62 2- bedrooms, 9 – Asking: $7,750,000, Revenue (2016: $1,401,201). Three stories 1- bedrooms; 13 – 3 bedrooms 2 storey Towne Houses, 3 • BOWDEN - 54 acres residential development Denise Thiessen 68 guest room originally constructed in 1980 with signifi cant Retail spaces, plus 46 rental Garages. All Apartment units land ready to go - Highway 2 frontage renovation in 2012 totaling $2.1m and additional $700,000 for 403-526-1111 and Townhouses are air conditioned. The revenues of this exterior renovations in 2015. The physical characteristics of the • CROSSFIELD - shop witht truck wash equipment hotel are in very good due to the recent whole renovations to development are indeed, outstanding and features 100% commercial1.ca the interior and exterior. Well located in the NW district, which occupancy, currently. Asking $16,995,000.00 - 3200 sq.ft. - 3 bays provides good access to major commuter arterials, and access • CROSSFIELD - 279 acres - great west to tourist destination to Banff etc. • A Flagged 92 Room Limited Service Hotel, featuring a variety of room confi gurations among many other development possibilities-rail spur possible MOTEL IN SK outstanding features, plus, exceptional operational • CROSSFIELD - 137 acres with #2 highway Asking: $7,500,000, Revenue (2015: $1,644,927, 2016: performances that are enhanced by it excellent location. $993,376, 2017: $1,454,409) 65 room, 2 Acres which The potential upside for continued superb performances frontage - excellent access was built in 2013 located in the heart of South Eastern going forward are very good, under prudent management. Saskatchewan's Oil Country. • CARSTAIRS - 2.2 acres, 3 buildings, great Asking Price $11,500,000.00 retail site GREAT FANCY HOTEL WITH RESTAURANT IN SK Medalta Real Estate Asking: $5,100,000, Revenue: $1,291,663 (2017 • A Flagged 122 Room Full Service Hotel in superb • 4160 sq.ft. Industrial space 1.5 Room: $800,859, Restaurant: $490,804), 65 room condition, featuring an array of excellent amenities, well acres - 2 titles which was built in 2015 at 2 Acres land. located with main artery exposure, excellent Operational performances, substantial potential upside, going • Over 40,000 sq.ft. industrial space 6.77 acres GOOD CASH FLOW HOTEL IN BC forward under continued prudent management. Asking Asking: $7,200,000, Revenue: 3 Year average: $2,959,106, $19,900,000.00 • 4000 sq.ft. condo building retail/offi ce ADVERTISE WHERE 2017: $3,104,726 (Room: $2,070,562, Restaurant: INVESTORS ARE LOOKING $1,034,614). 3 Year average NOI: $1,052,707. 62 rooms • A Flagged Limited Service Hotel consisting 128 Rooms • Extreme Pita restaurant available in Restaurant & lounge with 1.6 Acres land located at a district & Suites, of exceptionally good quality and featuring plus growing community municipality in the geographic centre of British Columbia. many amenities to satisfy the varied desires of its guests, FRANCHISE HOTEL IN BC located in an excellent location of economic diversity, For more information on these and other properties Asking : $5,600,000, Revenue (2017:$1,596,672). attested to by its continuous outstanding operational - 90 guest room hotel which was renovated in 2015 with $2.1 performances, which should continue going forward. million being invested in the property with 1.975 Acres land. Asking $20,500,000.00 CALL DON SACKETT - Two (2,500 Sqft & 3,800 Sqft) vacant space presenting leasing opportunity and 5,000 Sqft conference centre that VINCE BOYLES RE/MAX ACA REALTY is not currently in use located in SE BC. 1018 Hammond Ave, Crossfield, AB - Fourth fl oor of the property is unimproved and total 10,000 403-237-5584 • 1-888-482-5583 T0M 0S0 Fax 403-946-5035 Sqft can be converted into additional hotel rooms or ACA Realty (403) 946-5657 apartment suites for long term or short term rentals. EMAIL: [email protected] 604.669.8500 FRANCHISE HOTEL WITH LEASED RESTAURANT IN EDMONTON MONTCALM PROPERTIES LTD. [email protected] TOLL FREE 1.800.661.6988 Asking: $4,500,000, Revenue (2016: $1,122,742, 2015: WESTERNINVESTOR.COM $1,234,979). Well maintained 47 room, 3 bed manager suite, www. montcalmpl.com www.donsackett.com 1.27 acres land with leased restaurant located at main Tr. corridor. FULL SERVICE HOTEL IN AB Asking: $4,400,000, Revenue 2017 (Room:$867,678, Food:$818,737, VLT:$130,597, Others:$169,678), NOI:$537,598. 62 room full service motel with 2.84 Acres located very busy town. CAR WASH NEAR CALGARY Asking: $6.7M, Revenue: $1,106,484, NOI: $605,484 Well equipped and very profi table 2 auto bay which was replaced in 2015 October with highend equipment & 8 varn type car wash. www.francisleerealty.com FRANCIS LEE COMMERCIAL REAL ESTATE Francis Lee Cell 403.680.6130 Fax 403.476.5334 [email protected] Maxwell Canyon Creek Realty Associate Broker, IC&I Full Commercial Member B12 | ALBERTA WESTERNINVESTOR.COM | APRIL 2018 “Nothing negative” in Valemount as ski hill readies to build RECREATION | Property values up 30 per cent while northern B.C. town gears up for ski resort opening in 2020

Housing in the region has large- Rendering shows the future Valemount Glacier Destinations Ltd. ski resort, now in development. | SUBMITTED ly been considered affordable. In By TYLER NYQUVEST Business in Vancouver 2016, the percentage of average vision. The companies have thing we always caution people resort staff as it is built. household income in northern spearheaded numerous notable about is that these resorts aren’t “There is nothing negative [in B.C. required to finance home B.C. resort developments in areas built overnight.” Valemount],” Townsend said, nterest in the small B.C. town ownership was estimated to be like Kicking Horse and Whistler. Townsend said that she, along adding she’s confident the resort of Valemount has been fluc- 26.8 per cent, compared with “We get a lot of calls from with Columbia Basin Trust and and related developments could Ituating for the last six years, 125.4 per cent for Vancouver. The people interested in investing in local builders, is looking at de- bring employment and young but with the approved Valemount north-central region also has the some form or shape in Valemount veloping affordable housing in families back into the Valemount Glacier Destinations Ltd. ski resort lowest industrial and business tax itself,” said Oberti. “The one the area to help accommodate area.■ set for a 2020 opening and prop- share in northern B.C. erty assessments rising, locals are Last year, Shirley Bond, then bracing for an influx of residents. minister of jobs, tourism and Speculation tax slammed in recreational areas According to the latest BC As- skills training and minister re- Recreational-destination communities across B.C. are speaking out against the province’s proposed speculation tax sessment numbers, residential sponsible for labour, signed an on real estate, saying the levy could damage their economies. property value rose by nearly 30 agreement with Valemount Gla- The speculation tax would apply to properties owned by people who do not pay income tax in B.C. On a $500,000 per cent in Valemount between cier Destinations Ltd. finaliz- seasonally used recreational property, the annual tax could hit $2,500 this year and $10,000 in 2019. 2016 and 2017, the largest increase ing the approval of a new ski and The Regional District of Nanaimo has joined the District of West Kelowna in urging the NDP government to rethink the in the area in many years. sightseeing resort in the town. tax, introduced in the February budget. “I am excited about the poten- The project was initially slated West Kelowna council voted unanimously to seek an exemption from the proposed tax covering the entire tial development here,” said Vale- to open by Christmas 201, but community of 35,000 people in the Okanagan. mount Mayor Jeannette Townsend. the company announced late last The Nanaimo regional district board, representing much of central Vancouver Island, also voted unanimously to “The value of bare, residential lots year that the resort wouldn’t be “object to the speculation tax in any form, in any region or municipality in B.C.” in Valemount has increased. They operational until at least 2020. Nanaimo board chairman Bill Veenhof said there are deep concerns about the potential impact of the tax on people have probably doubled in the last “We are working towards com- who own vacation properties on Vancouver Island. year and a half but they are still pleting the financing process “These people are not speculators,” he said. “They are important members of our communities. Families who visit affordable compared to what you this year and, depending on the year after year, supporting local businesses, paying their fair share of property taxes, and investing in our tourism- have in Vancouver.” construction window, starting based economy.” Valemount has one of the most survey work as soon as possible,” West Kelowna Mayor Doug Findlater said there are signs developers are already hitting pause on local projects. diverse economies in northern said Tommaso Oberti, vice- “Suddenly, the development market is freezing up,” Findlater said in an interview. “The banks are not loaning and B.C., making it less dependent on president of the Pheidias Group some developers are being caught in this already. I’m aware of that. Other developers who haven’t built are just cyclical factors like commodity of Companies, whose Oberti Re- putting it all on hold and waiting for the air to clear.” prices. The region also has the sort Design and Pheidias Project Finance Minster Carole James said she is reviewing the tax, which would cost some homeowners $5 for every lowest living wage in northern Management Corp. are working to $1,000 of their property’s assessed value this year and increase to $20 for every $1,000 of assessed value in 2019. B.C. achieve the outdoor destination’s LEASE OPPORTUNITY! Classic turn of the century General Store and gas station. Located in the heart of Quilchena B.C and right next door to the Quilchena Hotel/saloon, RV stay and play golf course. Opening in 2018 a 40 unit RV park & marina across the street. • 2,000 square feet. • walk-in cooler. • Three storage chest freezers. • Three sliding glass reach in coolers. • Two sliding glass reach in freezers. • Two reg gas pumps and one premium pump. • In store pump controls. (pay in store only). Viewable at www.douglaslake.com Email: [email protected] | Phone: 1-800-663-4838 APRIL 2018 | WESTERNINVESTOR.COM ALBERTA | SASKATCHEWAN | B13

MULTI-BAY INDUSTRIAL RECEIVERSHIP SALE NISKU INVESTMENT RETAIL INVESTMENT WEST EDMONTON INVESTMENT

• 14,400 sf on 2.0 acres located in Bonnyville • 19,562 sf on 5.02 acres • Leased to Triple A International Covenant • Jasper Avenue downtown Edmonton location • 10,421 sf on 1.43 acres • Fully leased to reputable tenants until July, 2022 • 2 separately titled lots • 58,000 sf on 3.53 acres • Fully leased / long term leases • 100% leased to strong national tenant • 8.0% cap rate • Sale Price: $5,900,000 • ±7% cap rate on 2007 built facility • Sale Price: $5,210,000 • Net and carefree lease with escalations [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] ADRIAN. [email protected] 5.71 ACRES RESIDENTIAL LAND TRADER RIDGE GRANDE PRAIRIE FULLY LEASED MULTI- CY BECKER PRIME DEVELOPMENT LAND DEVELOPMENT OPPORTUNITY FOR SALE/LEASE/BUILD TO SUIT TENANTED BUILDING DEVELOPMENT LAND

• Located in mature area of Fort Saskatchewan • ±69 acres; Adopted area structure plan • ±142 acres of grocery anchored retail land • Downtown Edmonton location • 20 acres of approved subdivision lands • DC Zoning (Mixed Use-Residential/Commercial) • Strategically located between Sherwood Park and • Auto Mall/Retail/Industrial development • Refurbished in 2017 • Residential mixed dwelling zone including single • Easy access to major arterial roadways the future town centre of Bremner • Located on NW corner of 100 St & 132 Ave • Sale Price: $3,490,000 family, row house, duplex and low rise apartment • Fully serviced; Reduced: $575,000/acre • Sale Price: $6,500,000 ($325,000/acre) [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] SPORTSDOME COMPLEX NEW DEVELOPMENT FREESTANDING RETAIL HIGH EXPOSURE RETAIL/ FORMER SUPER A FOODS INVESTMENT OPPORTUNITY IN BEAUMONT WAREHOUSE BUILDING FAIRVIEW

• 2018 completed mixed use complex in Beaumont • Located along busy Stony Plan Road and future • Fully leased recreation and restaurant/banquet • 19,080 sf building on 1.01 acres zoned IB • 17,696 sf building on 2.24 acres facility in a great location • ±12,000 sf at 6.5% cap rate Valley Line LRT Route (2020); Zoned CB1 • Vendor financing up to 70% available • Zoned C-1A - Transitional Commercial District • Sale Price: $6,000,000 (6.6% cap rate) • Sale Price: $4,650,000 • Sale Price: $850,000 • Sale Price: $3,700,000 • Sale Price: $895,000 [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] MULTI FAMILY EXCELLENT FRANCHISE TWO STOREY MIXED USE 36 UNIT CONDO BUILDING WOODWORK & PUB OPPORTUNITIES OPPORTUNITIES MANUFACTURING FACILITY • 6 units currently vacant; 3,800 sf lot; zoned RF6 • Memphis Blues BBQ, N. Edmonton -$350,000

• 2.13 acres Cold Lake zoned R4 for up to 82 units • Good Earth Cafe, Downtown -$350,000 behind Tri-City Mall; Sale Price: $800,000 • Press’d Sandwich Co., University -$295,000 • 23,222 sf Cold Lake zoned R3 for up to 8 units Reduced: behind new Elementary School; Sale Price: • Second Cup, Spruce Grove - $75,000 $328,000 • Boston Pizza, Vermilion - $2.3 Million • Numerous parcels of residential and commercial • Cora Breakfast & Lunch, SW Edmonton -$795,000 development land available in County of Leduc • Cora Breakfast & Lunch, Leduc - $650,000 • 33,454 sf commercial/retail site along highway in • 2013 built mixed use building with retail on main • 36 unit block of apartments; fully renovated • Ten year lease with escalating rents in year five floor; 6.5% cap rate Westlock zoned Highway Commercial • Many more franchise opportunities available • 6+% cap rate; Located in downtown Edmonton • 7.5% cap rate on year one net operating income • Sale Price: $1,900,000 • Sale Price: $5,760,000 • Sale Price: $3,950,000 [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] 780 420 1177 / cwedm.com Cushman & Wakefield Edmonton is independently owned and operated / A Member of the Cushman & Wakefield Alliance. Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

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. LAND FOR SALE (Regina & Surrounding) TOON - Commercial/Industrial properties with long term Tenants. - MAC ZONING SSASKATOONASKA - Land development. - INDUSTRIAL TS FOR LEASE - New Retail/Offi ce AAPARTMENTSPARTMEN • 4,370 sf demisable space still available Drastically Reduced Rare Opportunity • Space can be divided into 2 or 3 bays • 1,500 sf of new space leased • AM side of street, 27000 vehicle count per day FOR SALE - 18 Suite Apartment Building WWANTED!ANTED! • Late 60’s built, apartment cluster north Regina. Shell Gas Station Kenosee Inn • Capital Improvements over past 5 years Call DEL PETERS REALTY - High traffi c location For Sale - Can be purchased with bar/restaurant next door - Located in the Moose Mountain Provincial Park FOR SALE - Pizza Business 306.934.3151 - Call for details; serious buyers only - Resort hotel property • Located on outparcel anchored by Home Depot www.delpetersrealty.com Regina - Moose Jaw Area - Call for more detail in Rochdale • Excellent pick up and delivery business • 6 years in business at existing location Mobile Home Park • Can renew franchise agreement or carry new name 55 sites +some additional • Seller Motivated asking $299,000 Light Industrial - West Bypass • Intend to actualize multi-bay, light industrial building(s) Saskatchewan Restaurant/Bar/Motel 8 Plex Balgonie Motel +/- 120,000 sf, high clear height & wide span Located in the heart of the City, close to school & one block to hospital. All City services of sewer, water & garbage. Excellent roads of quality as- For Sale For Sale - 8 rooms • Emerging industrial zoned area between Trans Canada & Centre Road phalt, light fi xtures. Underground electrical. Phase 1 & 2 environmental - High traffi c - 7 two bedrooms + - Managers suite • 0.8km West bypass frontage 1km north of assessment in place. - Well established, strong sales 1 one bedroom - Recently improved Trans Canada/South bypass Interchange Huge upside with current low rents. Each lot legally subdivided and - Can be purchased with - $819,900 • Ease of access for truck/semitrailer fl ow to major access routes titled, providing for strata ownership or individually sold to each tenant. gas station next door - New roof, windows - Just 20 minutes east of Regina • Ideal for show room, warehouse, light industrial, This is a rare quality Mobile Home Park. on TransCanada #1 Hwy e-commerce space Regina - Moose Jaw Area - Fully rented Asking Price: $1,650,000 V.(Bill) Kutsogiannis BROKER, CCIM John Chung, CCIM Aideen Zareh Walter Tymofi evich Mt. Sentinel 306.501.5333 306.591.6915 (306) 591-2248 Owner/Broker Realty Ltd. [email protected] [email protected] www.commercialregina.ca www.janusrealty.ca 250-487-1585 [email protected] B14 | SASKATCHEWAN WESTERNINVESTOR.COM | APRIL 2018 Patience key virtue in recovering Regina and Saskatoon FEATURE | Surge of building during the boom now allows existing industrial and office tenants and owners to upgrade space before next cycle begins

period from 2010 to 2013, when we were the BY GEOFF KIRBYSON hottest economy out there, nobody really [email protected] overbuilt retail space,” he said. The vacancy rate currently sits at 3 per cent but if you include the recently closed fter several years of an underper- Sears store, it’s closer to 4.5 per cent. The forming economy affecting the re- mothballing of Sears at Midtown Plaza re- tail, office and industrial sectors in A leased 160,000 square feet to the market. ■ Saskatchewan’s two biggest cities, nobody is going to start popping any champagne bottles just because commodity prices have stabilized and the economy is ex- pected to grow by a skinny 1.9 per cent this year. “I think everybody has positive attitudes. KINDERSLEY, SASKATCHEWAN They’re looking forward to some positive activity but there is just a little bit of hesi- Brad Edgerton tation,” said Glen Hill, Regina-based sen- ior vice-president at Colliers International. 306.463-4515 The best news is in the industrial side. Lloyd Minion, vice-president and sales- Regina: an overhang office space has to be worked through and the retail sector is person at Colliers in Saskatoon, said the dealing with space left vacant by Sears. | TOURISM SASKATCHEWAN SASKATCHEWAN recovery in Saskatoon started in the fourth quarter of 2017 and continues into 2018. Business Park. Hill said two spaces in the of the country. PROPERTY The vacancy rate is 8.5 per cent, down from 175,000-square-foot building are already “There isn’t a lot of excess space. Even 9.75 in 2016 with most of the activity being Kindersley - located on main highway leased and he’s confident it will be 75 per when we went through the rapid growth lease renewals. that links Calgary to Saskatoon. Main cent full later this year. “People are taking advantage of the new center within West Central SK. Busy After seeing many developers scared out market reality,” Minion said. “They could of town by high levies and heading to the town with Tim Hortons, Walmart, all potentially move to a better building that’s suburbs, Hill said Regina recently reduced major fast food stores. Offers over more suited to their needs or get more levies by 60 per cent to encourage them to 800 hotel rooms- includes 4 new building for less than they’re currently come back. motels in last 4 yrs and additions to paying.” “The levies and development expenses During the boom times in 2013 and 2014, existing hotels. were so high nobody was doing anything,” Saskatchewan net rental rates were high, regardless of he said. whether it was a newly constructed build- Accelerating success. The hardest-hit sector is office space. ing or older stock. There was limited sup- John Chung, Regina-based commercial ply so the two types were being leased at sales and leasing realtor at Royal LePage, similar rates. 2020 St. Patrick Ave Saskatoon said the city has an office vacancy rate of “That has changed significantly now. INVESTMENT OPPORTUNITY | $303K NOI about 13 per cent, due in large part to new We are seeing a fairly good gap between capacity coming on stream in the last couple Comm. building with 12 residential buildings built in the last five to seven of years. apartments on top fl oor, businesses years versus buildings built in the 1980s. It was just a few years ago that confidence on the bottom. Elevator. Government When we were in our boom, people had was sky-high with vacancy rates well below rentals in building. 10% return. limited options, they had to take what was 5 per cent. “A lot of builders thought, ‘let’s Located along the Idylwyld Drive Freeway, with available,” he said. $2,350,000 go build office buildings because demand a ± 22,800 daily traffic count, this 4.32 AC high visibility industrial property is an ideal investment is high.’ Buildings were popping up. They or re-development opportunity. Regina over-built,” he said. Kerry Fuchs There’s no silver bullet to fix the office $4,500,000 Excl. Mitch Fuchs Things are also looking good for the in- sector, only time so that the market can dustrial sector a few hours to the south absorb the vacancies. 103 Marquis Crt Saskatoon in Regina, where Hill said he’s glad there “Landlords are doing deals at lower rates wasn’t much in the way of speculative and with incentives, such as free rent for a $100,000 ALLOWANCE ON THE NEXT 2 UNITS SOLD construction a few years ago. year, to attract tenants. I’ve seen advertise- Business and Rental Property- “We didn’t overbuild in the busy times, ments for office buildings where landlords Mechanics dream! 66’ frontage on so there’s still a happy medium between aren’t charging rent and are just asking that busy hwy. 3200 sq. ft. shop with too much product and not enough. Our tenants pay their share of the operating show room, offi ce, and 1148 sq. ft. vacancy rate is 3.75 per cent right now and expenses,” he said. it’s been around 3 per cent for 10 years,” A bright spot in commercial real es- shop, rented out. $500,000 he said. tate is retail. Maxwell Lee, a sales person One of the most significant projects on at Colliers in Saskatoon, attributed the the books in years is the redevelopment relatively positive performance to a lack of 33 acres that used to be home to the of speculative retail in Regina when the Only seven (7) 4,000 SF units (or any combination) Sears warehouse, now known as Titan Saskatchewan’s economy was the envy remaining at Marquis Common, a prestigious commercial condominium development. Located in the newly expanded North Industrial Park with Local bar with restaurant, cold beer direct access to the North Commuter Parkway and wine store. Leased space to bridge, opening this fall, bringing ease of access to your property. A $100,000 Tenant Improvement Prov. Gov. and a 1 hour Martinizing. Allowance is available for the next two (2) units Well maintained, property consist sold. Please contact listing agents for lease, of 1 block. $3,300,000 purchase or lease-to-own Glen Paziuk options and investment Brian Peberdy opportunities. Gary Compton

$779,000/Unit MLS® Jason Wionzek

Colliers McClocklin Real Estate Corp. | 306 664 4433 www.collierscanada.com/saskatoon Established restaurant with 86 seats. New 5 year lease. Recently Saskatoon: industrial vacancy has fallen to 8.7 per cent but most of the uptake has been CIR Commercial Realty Inc. | 306 789 8300 www.collierscanada.com/regina renovated. Good location on busy renewals, not new leases. | TOURISM SASKATOON highway. $295,000 APRIL 2018 | WESTERNINVESTOR.COM SASKATCHEWAN | MANITOBA | B15

Sask. & Man. | WHAT’S HAPPENING Battle of the box stores

clubs still exist. [The world] spreads to Winnipeg Confidence Female agents is evolving and changing but it can take time for women building recruited to break into those Old Boys Barry Stuart is looking for more clubs,” Stuart said. women to become licensed commercial real estate agents in Saskatchewan. Big business The managing partner and senior sales associate of ICR parks in play Commercial Real Estate in Sas- katoon took a quick look at the 60 people who work full time as licensed agents in the city’s industry and found just 13 per Bishop Grandin: adding 44 cent of them are women. acres of industrial. | COLLIERS He compared that with the National Association of Real- Confidence in Winnipeg’s tors study in the U.S. last year office and industrial sectors that found 63 per cent of its Innovation Place in Saskatoon Lowe’s has opened 95,000-square-foot store as its first foray into Winnipeg. has spurred a number of ma- members are female. (Granted, has 20 buildings. | LOWE’S CANADA/RONA jor developments , including a this includes a large percentage he competition in Winnipeg’s online sales out of Winnipeg, like trio of multi-tenant QuadReal of female residential agents, According to news reports, two home improvement market is Ikea for many year, so he knew there buildings in the Inkster In- but the Saskatoon number is large business research parks in Theating up. would be a good reaction to the store dustrial Park, the four-tower, still low.) Saskatchewan are in play. Lowe’s Canada recently opened its opening. 400,000-square-foot True “We could definitely benefit The Saskatchewan govern- first store in town, a 95,000-square- Lowe’s made an investment of North Square mixed-use pro- from more females to bring a ment, according to Postmedia foot location on the southeast cor- more than $19 million in Winnipeg ject, and major renovations wider perspective,” he said. News, is in talks to sell Innova- ner of Kenaston and McGillivray and has created 130 permanent jobs, “Diversity and upgrades to retail strips Deloitte’s recent tion Place in Saskatoon and its boulevards, one of the city’s retail which will increase by 30 or 40 dur- & Inclusion in Canada” across the city. report Regina business park. hotbeds. ing the busy seasons in the spring Industrial construction over noted that companies with Innovation Place’s Saskatoon What’s just a stone’s throw away? and summer. the last few years has remained more gender diversity experi- campus, which opened in 1980, Home Depot and Rona, of course. While the first location still has ence less employee turnover, slow, resulting in a five-year consists of 20 buildings total- (Lowe’s has been owned by Rona the “new store smell,” Parks said it’s a higher level of employee en- vacancy rate low of 3.6 per cent ling 1.3 million square feet of since 2016.) too early to speculate on when – or gagement and improved eco- in 2017. space that is occupied by 111 With stores already in Vancouver, if – Lowe’s will add a second outlet nomic performance. tenants. Calgary, Edmonton, Saskatoon and in Winnipeg. The Bishop Grandin Cross- Steps are being taken. The Regina complex includes Regina, Malcolm Parks, divisional “We just got the first one open. ing project will add 44 acres ICR will host its first women’s six buildings totalling 465,000 vice-president of operations, said We’re always evaluating our real of industrial space to the mar- charity golf tournament this square feet and is home to 27 Lowe’s wanted to expand its West- estate portfolio. We could always ket, which CBRE believes will summer, an event designed to tenants. It was opened in 2000. ern Canadian footprint and was look at expansion,” he said. help ease the industrial supply increase networking opportun- Saskatchewan Opportunities looking for the right place to build The same goes for Brandon – a city crunch. ities for women, Stuart said. Corp. (SOCO) owns both parks. in the Manitoba capital. of more than 50,000 people located Once Winnipeg’s plethora of These kinds of events have SOCO confirmed that talks are “We seized the opportunity and two hours to the west. mixed-use projects completes, been happening for men for, underway for the sale of the we’re glad we did. It’s a market we “We look at all facets, such as the investors will be spoiled for well, decades, but he noted that research parks to the University hadn’t penetrated and it’s a strong demographics and the trading area, choice, regardless of whether every important journey begins of Saskatoon and the University home improvement market,” he before we ask, ‘does it make sense to it’s retail, commercial, indus- with the first step. of Regina, but said discussions said. put a store in that market?’”■ trial or multi-family assets. “These Old Boy networking are “preliminary.” ■ Parks said Lowe’s had healthy – Geoff Kirbyson

FFOROR LEASELEASE

2342 99 STREET, North Battleford, Saskatchewan In the city of North Battleford an ideal AIRPORT BUSINESS CENTRE FOR SALE HIGHWAY #1 DEVELOPMENT LAND location, city traffi c count says over 10,000 45 CARIBOU STREET, 1 MAIN STREET, Hafford cars daily. Corner of HWY 4 and Territorial Moose Jaw This property is located on Main St. with 2103 - 2121 Airport Drive, Saskatoon SK R.M. of Sherwood No. 159, SK Drive, over 30,00 sq ft land with a small two lots and a building of 6100 sq. ft. on Prime location downtown Moose 7ZRPXOWLWHQDQWVLQJOHVWRUH\FRPPHUFLDORIÀFH ±143.33 Total Acres including 40 Acres designated as Quonset. This is basically bare land and 2 levels. Access is available from Hwy buildings on ±3.18 Acres, minutes from Saskatoon Commercial use. Adjacent to TransCanada Highway is zoned commercial. Also sign board the Jaw. Retail or offi ce space with #40 & Hwy #340. The building has historic seller receives monthly revenue. Seller approximately 1700 sq.ft. appeal. Many recent upgrades have been International Airport. 20 units totalling 50,171 SF GLA. and 3 miles from Global Transportation Hub. will sell lot or will build a building to suit the completed at the property. Call listing Contact Josh Walchuk or Brad Hritzuk for further Sale Price: $8,500/Acre tenant. Call listing agent for more details. Call listing agent for more details. agent for more details. GHWDLOVRUWRUHTXHVWD&RQÀGHQWLDOLW\DJUHHPHQW Contact Jayson Elenko for details. Great Plains Realty Inc. specializes in selling investment farm land. If you are interested we can help you... call Mike at 306-481-5574 Mike Janostin Owner/Broker greatplainsrealty.ca [email protected] 306.481.5574

EASTWOOD TRAILER COURT FOR SALE DINING/CATERING BUSINESS FOR SALE BRANDON, MANITOBA INVESTMENT: EXCELLENT 21 SUITE APARTMENT BLOCK BOASTS 10%+ ROI, LOCATED CLOSE 4300 & 4400 Block, 49th Street, Lloydminster SK 1653 Park Street, Regina SK TO BRANDON. OWNER HAS ZERO VACANCY WITH WAITING LIST. ON SITE LAUNDRY FACILITIES. 64 private residential lots on ±7.43 Acres. Net annual Successful catering and restaurant business serving MANY UPGRADES. CALL FOR DETAILS. ASKING $795,000 income of $210,536. Lloydminster serves a trading Regina for more than 20 years. Includes all equipment RESTAURANT: AUTHENTIC 40 SEAT SUSHI RESTAURANT, HIGH TRAFFIC, HIGH QUALITY. LOCATED ON BUSY STREET NEAR UNIVERSITY AND RESIDENTIAL AREA. SALES CONTINUE TO area of 150,000 people. and build-outs. Financials/equipment list available. INCREASE YEARLY. PRICED TO SELL. Sale Price: $2,450,000 Sale Price: $825,000 GROCERY: FAMILY RUN GROCERY STORE WITH 4BR LIVING QUARTERS. ANNUAL SALES $1M AND Contact Barry Stuart or Kelly Macsymic for details. Contact Linely Schaefer or Levi Cooney for details. RISING. ONLY GROCERY IN TOWN. PRICE $475,000 PLUS INVENTORY. MOTEL: LOCATED ON THE #1 HWY, THE GATEWAY TO THE WHEAT CITY, 16 UNIT MOTEL WITH LIVING QUARTERS, ANNUAL SALES $300K+/-, HIGH TRAFFIC + HIGH VISIBILITY + HIGH ICR Commercial Real Estate OCCUPANCY = EXCELLENT ROI! PRICED TO SELL AT $1,199,000. GOLF COURSE: EXCELLENT 9 HOLE GOLF COURSE AT SANDY LAKE, A SHORT DRIVE TO RIDING MOUNTAIN Saskatchewan’s Largest Independent NATIONAL PARK, NEWLY CONSTRUCTED CLUBHOUSE IN 2016. 20 SERVICED SEASONAL CAMPSITES. EQUIPMENT INCLUDED IN PURCHASE PRICE OF $675,000. UNLIMITED POTENTIAL FOR THE RIGHT INVESTOR. Commercial Real Estate Company Not what you're looking for? Call us today and we'll help you fi nd the right opportunity for you!! SALES | LEASING | PROPERTY MANAGEMENT

Saskatoon Downtown: 306.664.6116 Saskatoon North: 306.933.2929 Regina: 306.721.6116 Century 21 Westman Realty Ltd. [email protected] www.icrcommercial.com Brandon, MB Direct Line:204-729-5074 Email: [email protected] B16 WESTERNINVESTOR.COM | APRIL 2018

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Gold Sponsors NorthEast BC Realty RON RODGERS Phone 250 785 4115 OWNER / MANAGING BROKER Email: [email protected] Top Commercial Realtor Specializing in RON RODGERS Recipient of 2011-2017 MLS Commercial Real Estate TOP COMMERCIAL REALTOR in NEBC is located at NEBCRealty.com BC Northern Real Estate Board BCNCC and/or MOST SOLD IN BCNREB MLS® 10220 101 Avenue Fort St John BC V1J 2B5 ©2018 TOP DOLLAR # OF UNITS 30,640sf Building on 4 Acres For Sale 3985 shop Light 0.706 Acres Former O’Brien School Industrial Shop on COMMERCIAL LAND Currently zoned P1 Institutional This rare opportunity is located 2 Acres of Industrial Land Great location to develop your retail close to Kin Park, Dawson Creek Library, DC Secondary School, along Grandhaven Road - just or commercial business location Skateboard Park, Dawson Creek Curling Rink, & more. west of Rona and minutes to Surrounded by Totem Mall, Great ASKING $1.79 Million downtown city amenities. Easy Canadian Oil Change, WalMart, Boston Pizza, A&W and MLS® 166295 access to 10500 13 Street Dawson Creek BC highway frontage hotels Alaska Highway. ASKING $664,000 ASKING $979,000 MLS® C8013862 MLS® C8013474 Building has 6 offices, shop with overhead 14'x14' overhead doors and mezzanine with additional office, lunch room and storage. 4,800sf Shop on 1+/- Acre Industrial Lot along Partially paved parking area and Grandhaven Road fenced yard. 1300sf+/- office space consisting of; 2 - 9’ x 11’ offices, MOVE IN NOW 12’x 13’ manager office, 7’ x 14’ front counter and 11’ x 26’ com- LOOKING FOR A mon area with kitchen counter & 2 washrooms BUSINESS FOR SALE IN Warehouse consists of 2 areas; 26’x 38’ parts and storage with FORT ST JOHN? 12’ x 12’ overhead door and man-door leading to 44’ x 38’ shop with hoist, drain and 12’ x 12’ overhead door leading to back yard. Give Ron a Call to discuss these share purchase 1600sf cold storage building at rear of lot surrounded by fenced business opportunities; compound area. ASKING $865,000 MOVE IN NOW!!! DEVELOPMENT LAND For Sale Ź Water Hauling Business FORT ST JOHN Land, Building & Equipment of MLS® C8013475 Ź Auto Mechanical Business ZONED: RM2 High Density Multi-Family NOTE: NON-DISCLOSURE /CONFIDENTIALTY AGREEMENTS ARE REQUIRED PRIOR TO 83.4’x159’ located by designated RELEASE OF DETAILED INFORMATION park area Asking $289,000 MLS® C8011156 FOR SALE

ZONED: C2 Downtown INVESTMENT Excellent Investment Commercial OPPORTUNITY Fort St John BC 150’ x 122’ Development lot on Fort St John, BC

101 Ave 39,375sf Light Industrial Popular go-to entertainment night club in the city Asking $485,000 MLS® C8007129 located in 7500sf building on 0.66 acre. Centrally ZONED: C1 Neighborhood building on located in city center, offers a Commercial 2 Acre lot at intersection of 0.576 Acres located by Hospital Tahltan Road - 111 Street

TURN-KEY BUSINESS OPPORTUNITY Asking $699,000 MLS® N4506822

Currently leased ASKING $2.2 Million ZONED: Heavy Industrial Long term lease in place that 2 Acres adjacent rail was recently renewed Asking Includes; business name & telephone number, Asking $1.1 Million MLS® C8005001 social media &promo material, kitchen & bar equipment, liquor license ZONED: Multi–Use potential within office & club furnishings & some decor, new City of Fort St John Boundary (subject to BC Liquor transfer approval), PLUS club service shuttle Expansion vehicle 2008 Ford 350. Inventory to be negotiated 36.36 Acres along East By-Pass MLS® C8013087 Asking 2.48 Million MLS® C8015396 Call Ron to arrange viewing Please do not discuss with staff. No access will be granted during business hours. ZONED: Multi-Use Highway Note: Two Year Non-Disclosure/Confidentiality Agreement REDUCED required prior to provision of detailed information. Commercial 11.5+ Acres at major intersection NOW ASKING 86 Street and Alaska Hwy $7.4 Million across from hotels and MLS“ C8010783 commercial development Was asking $7.7 Million City services on site Great Opportunity to add to your Investment Portfolio Asking 4.9 Million MLS® C8012143

IF YOU ARE LOOKING FOR COMMERCIAL, RETAIL OR INDUSTRIAL PROPERTY FOR LEASE OR FOR SALE, CALL RON RODGERS FOR MORE OPPORTUNITIES IN THE NORTH EAST BC AREA

Please no drop ins...all viewings require appointment & representing Realtor on site Information is not intended to solicit properties already listed for sale, or buyers already under contract. Information is believed to be accurate but not guaranteed and should be verified. 2018 EDITORIAL LINE-UP

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REGIONAL NEWS, MARKET UPDATES, TOP COMMERCIAL SALES

JANUARY 2018 MAY SEPTEMBER Deadline: December 4, 2017 Deadline: April 9, 2018 Deadline: August 13, 2018 ICI outlook 2018 Hotel & motel market Business brokers Virtual reality real estate Golf course plays Alternative financing Land assemblies Technology & real estate Building rentals Close up: Burnaby-Coquitlam Close up: Abbotsford & Mission Close up: Winnipeg • Recreation real estate • Recreation real estate • Recreation real estate • Done deals • Done deals • Done deals

FEBRUARY JUNE OCTOBER Deadline: January 8, 2018 Deadline: May 14, 2018 Deadline: September 10, 2018 In front of transit Foreign buyers REIT report Office report Real estate investment groups Eastern promises (Ontario CRE) Seniors housing Industrial report Limited partnerships Close up: Calgary Close up: Edmonton Close up: Surrey/Fraser Valley • Recreation real estate • Recreation real estate • Recreation real estate • Done Deals • Done deals • Done deals

MARCH JULY NOVEMBER Deadline: February 13, 2018 Deadline: June 11, 2018 Deadline: October 9, 2018 Mobile home parks Cannabis and real estate 5 Top towns Retail churn Find, fix & flip Top resort towns First Nations real estate Green real estate Franchises Close Up: Vancouver Island Close up: Kamloops Close up: Kootenay& Rockies • Recreation real estate • Recreation real estate • Recreation real estate • Done Deals • Done deals • Done deals APRIL Deadline: March, 12, 2018 AUGUST DECEMBER Deadline: July 9, 2018 Deadline: November 13, 2018 Land report Multi-family markets Recreation report Residential investment outlook 2019 Farmland investing Trophy resort properties Mortgage brokers Franchises Waterfront bargains Self-storage Close up: Regina & Saskatoon Close up: Sunshine Coast & Powell River Close up: Metro Vancouver • Recreation • Recreation real estate • Recreation real estate • Done Deals • Done deals • Done deals

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