COMMERCIAL REAL ESTATE | FRANCHISES | BUSINESS OPPORTUNITIES $4.29 • MARCH 2018 • VOL33/3

BEYOND FLATS | 10 RAILTOWN NOW ON THE RADAR False Creek Flats already staked as light-industrial investors see historic Railtown as the next stop

GATEKEEPERS | 14 FIRST NATIONS HOLD LAND ACE Aboriginal bands have a lock on some of the best residential and industrial land in Lower Mainland CONTENTS Full index 3 False Creek Flats 10 TY WHITTAKER Retail angst 12 First Nation lands 14 VVANCOUVERANCOUVER IISLANDSLAND B.C. report 16 Dual agency rules 22 PPROVESROVES IIRRESISTIBLERRESISTIBLE Vancouver Island 24 Done Deals 26 MMAINLANDAINLAND DEVELOPERSDEVELOPERS GOGO ALLALL ININ | 2424

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

Top Producers 2017 A11 A2 | LOWER MAINLAND WESTERNINVESTOR.COM | MARCH 2018

22,930 SF INDUSTRIAL FREESTANDING FOR SALE FOR SALE OPEN FORMAT SHOPPING BUILDING FOR SALE IN DELTA INDUSTRIAL BUILDING 42 ACRE VINEYARD 38.4 - 78.4 ACRES CENTRE WITH PURPOSE-BUILT 8014 WEBSTER ROAD, DELTA 27222 58TH CRESCENT, LANGLEY 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 • 32,402 sf on 1.61 acre corner lot • 42 acre high quality vineyard in Oliver • 2 lots: 38.4 and 40 acres • I2 Heavy Industrial zoning • November 1, 2018 occupancy • 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 • Multiple dock & grade doors Chardonnay & Gewurztraminer • Future residential development property • New purpose built 46-unit multi-family building, • Asking Price $5,600,000 • Clean stage environmental report available • Contract in place with or ideal estate lots Constellation Brands Canada easily accessible • $7,480,000 • Asking $3,250,000 per lot • Clear title, great yield potential with upside RON EMERSON | JOHN WEISS • Asking Price $3,250,000 JORDAN SENGARA* KEVIN VOLZ* | BOB WATT BILL RANDALL* BILL RANDALL* PETER GIBSON* KOLUMBIA GARDEN MULTI-FAMILY DEVELOPMENT LAND FOR SALE INVESTMENT/DEVELOPMENT 3 STOREY RENTAL BUILDING WITH DEVELOPMENT OPPORTUNITY FOR SALE IN ABBOTSFORD REAL ESTATE WITH BUSINESS OPPORTUNITY 39 STRATA TITLED SUITES 17719 58A AVENUE, SURREY 342 WALE ROAD, COLWOOD, BC 33816 SOUTH FRASER WAY, ABBOTSFORD PROFITABLE BOWLING ALLEY 1615, 1625, 1633 & 1651 FRANKLIN ST, VANCOUVER

• 19 - One bedroom & 20 - Two bedroom suites • Centrally located in the rapidly growing West • ±13,000 sf corner lot on one of the busiest • Central Metro-Vancouver location • 28,228 sf site with holding income and • Net rentable floor area of 32,699 sf Shore community of Colwood corridors in Abbotsford • 7.1% return - can be 8% upon sale redevelopment potential • Includes 50 secured parking stalls • Site size of 59,374 sf • Certificate of Compliance (pending) - slab on grade • Asking $7,390,000 (bare trust) • 7 parcels currently improved with 4 industrial buildings and 20 surface stalls • Asking Price $2,999,000 • Excellent location to build retail/mixed use • Can be a hands-free investment opportunity • Asking Price $6,898,000 • Located in Historic Downtown Abbotsford • 22,028 sf combined rentable area • Contact agents for more details DON DUNCAN* | CHRIS DRIVER* TIM SOMMER* | CHRIS DRIVER* HARPREET SINGH* ADAM FRIZZELL | FRANCES WU SEAN UNGEMACH**** | JEFF SCHATZ ±20 ACRES DEVELOPMENT CENTRALLY LOCATED 46,874 SF INDUSTRIAL ASSET IN INVESTMENT OPPORTUNITY FOR SALE/LEASE - GLOUCESTER POTENTIAL IN TOWNSHIP OF LANGLEY INDUSTRIAL WAREHOUSE WILLINGDON-CANADA WAY AREA IN ABBOTSFORD INDUSTRIAL ESTATES 3610 240TH STREET & PID: 011-430-966 IN CAMPBELL RIVER 3455 GARDNER COURT, BURNABY 31772 SOUTH FRASER WAY, ABBOTSFORD 5363 & 5368 273A STREET, LANGLEY 1620 ISLAND HIGHWAY, CAMPBELL RIVER, BC

• ±10 acres in ALR ($2.2M) and another ±10 acres • 2.47 acres • 100% leased commercial plaza on South Fraser Way • 5363 273A Street - 23,794 sf partially in ALR ($2.85M) (warehouse/office/mezzanine) • 11,587 sf warehouse with showroom space • M1 zoning • National tenant (auto body shop) occupies • RU-3 and MH-1 zoning 50% of the space • 5368 273A Street - 12,850 sf (warehouse/office) • Grade loading bay with 30’ ceilings • Well maintained, excellent condition • Proximity to Fraser Highway and 16th Avenue • ±0.9 acres of land holds - Great value • 24’ & 26’ ceiling heights • 100% vacant • 18’ ceilings with seven (7) dock doors • Can be purchased together or separately • 50 parking spots and a lot of recent updates • Ample turning radius & enclosed storage SEAN UNGEMACH**** | PHILIP YU with fence HARPREET SINGH* | MICHAEL HARDY* ANNE TANNER* | TIA HUDEMA CO-LISTED WITH MACDONALD REALTY HARPREET SINGH* WILLIAM N. HOBBS* | DAVID POTTINGER 28 STRATA UNIT RESIDENTIAL/ INDUSTRIAL INVESTMENT DEVELOPMENT LAND FOR SALE LAND ASSEMBLY FOR SALE FOR SALE HOTEL INVESTMENT IN WHISTLER OPPORTUNITY WITH UPSIDE IN BEAUMONT IN ABBOTSFORD 19,119 SF STRIP MALL NORTHLANDS BOULEVARD, WHISTLER VILLAGE 19473 FRASER WAY, PITT MEADOWS BEAUMONT LAKES SOUTH, ALBERTA EMERSON STREET, ABBOTSFORD 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 • ±35,000 sf land next to Mill Lake Park • 19,119 sf on 0.88 acres in Whistler • Excellent parking; new roof; dock & grade • Next door properties have started development • Designated Midrise up to 2.0 FAR • Corner location with high visibility • Can be operated as multi-family rental loading; yard areas • Excellent holding property, priced to sell • Superb location with holding income • Asking Price $1,200,000 property or hotel • Below market rents • Commercial, residential detached and attached from duplexes • 28 strata units may be sold separately in • Potential zoning upside zoning (bylaw pending) • Asking Price $60/sf based on 2.0 FAR the future • Sale Price $9,800,000 (Only $189 psf) BILL RANDALL* | BRETT AURA* RICK EASTMAN* HARPREET SINGH* HARPREET SINGH* BILL RANDALL* FOR SALE FULLY TENANTED INDUSTRIAL PRIME REDEVELOPMENT SITE 2.698 ACRES OF PRIME FOR SALE - 168.7 ACRES 14727 108TH AVENUE & 14672 108A AVENUE INVESTMENT PROPERTY WITH HOLDING INCOME DEVELOPMENT LAND WITH RENTAL INCOME SURREY, BC CLOVERDALE INVESTMENT 9291 - 9311 RIVER DRIVE, RICHMOND 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 • 206,610 sf warehouse/office; 6.37 acres freehold • High exposure corner lot re-development potential warehouse • 4.03 acres water lot which 1.15 acres is filled and • Light industrial with potential for retail/ • 11,000 sf building on 168.7 acres • Superb location with access to several traffic • Dock & grade loading, fenced compound improved with buildings showroom/office (includes office, coffee room & a parts room) arteries; Direct access to 108th Avenue • Strong international convenant • Centrally located, larger development site • 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 on the north arm of the Fraser River • Excellent value • Asking Price $4,900,000 MICHAEL HARDY* WILLIAM N. HOBBS* BILL RANDALL* | RANDY SWANT BART VANSTAALDUINEN* | RICK EASTMAN* BILL RANDALL* BIG BOX RETAIL FOR SALE - CHILLIWACK RARE INVESTMENT FOR SALE FOR SALE FOR SALE / LEASE DEVELOPMENT SITE OPPORTUNITY IN PORT MOODY TWO REDEVELOPMENT SITES 250 HIGHWAY 97A VERNON/SPALLUMCHEEN, BC 925 NOTRE DAME, KAMLOOPS, BC 46325 YALE ROAD, CHILLIWACK, BC 2325 ST. JOHNS STREET, PORT MOODY BRIDGEPORT VILLAGE, RICHMOND

• 20,400 sf on 1.38 acres • 18,992 sf corner site • Commercial-Residential investment property with • 8,052 sf corner lot in growing area • Located in Spallumcheen Valley • Approximately 59 parking stalls • CS1 - Service Commercial zoning one (1) commercial & three (3) residential units • OCP: 2 FAR; 25m max height; commercial only • 112 acres • Price $5,200,000 • Asking Price $680,000 • Secure income and well-located on busy street • $27,480 (annual/gross) holding income • Industrial zoning • Lease Rate $14.95 net psf • Approx. 1 km from Port Moody Station and • Price $2,400,000 • Excellent highway exposure and access Rocky Point Park • Asking $4,500,000 BURTON VAN ALSTINE* | GORD AXFORD ERIC WALKER DAVID CANNING 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 | MARCH 2018

OPINIONS & FEATURES NEWS & DEALS WESTERN PERSPECTIVE 6 First Nations now the gatekeepers Frank O’Brien, Western Aboriginal bands hold coveted lands 14 Investor editor, says there What it costs to build a strip mall should be a clear distinction Hard construction costs highest in Vancouver 16 between residential and commercial real estate rules Commercial agents caught in crossfire Dual agency regulations coming in June 22 FLAT-OUT BOOM GOES NORTH 10 Done Deals As False Creek Flats draws What sold and for how much in Western Canada 26 a rush of development, some investors are already pitching industrial space in Vancouver’s Railtown district ADVERTISING DIRECTORY CASH IN OR GET OUT 12 Vancouver triple-net tenants Lower Mainland 2-22 face a tough choice: sell out Services 18 or be forced out by soaring Vancouver Island 23-27 property taxes linked to unprecedented land costs MORE OPPORTUNITIES SECTION B Interior B.C., Alberta & other provinces, recreation COVER FEATURE Ty Whittaker of Colliers Victoria: often overlooked, industrial 24 real estate is booming on the Island. l DARREN STONE, TIMES COLONIST

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

We work directly with the KEY decision makers at the 30+ Bankʼs, Credit Unionʼs and Private Investors to secure your fi nancing as quickly as possible - with a very simple application.

Mortgages – Residential (New purchase, Refi nance, Rentals & Construction) LAND & CONSTRUCTION funds available! Commercial (Land/Pre-Development, Hotels, Industrial, Multi-Family & Mixed Use) QUICK APPROVALS. SIMPLE APPLICATION. Private (1st, 2nd, and 3rds up to 80% Loan to Value) E: [email protected] P: 604.593.3430 W: www.pnwmortgage.com

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 Warehouse (+/-5,814.11 Sq. Ft.) • 4.1 Acres Waterfront Property 7025 272nd Street • Highway access • 20’ ceiling height • Call for Confi dential Details • 265’ of waterfront • 11.9 Acres beautiful mountain view property • 4 Large Overhead Doors & 1 Smaller Overhead Door • less than 1/2 hour drive from ferry • Easy Access to the TransCanada SPRUCE GROVE, ALBERTA • 400 amp, 3 phase service Main Floor (Offi ce Area +/-4,005.41 Sq. Ft.) • fi ve bedrooms each with own en-suite • 7,506 Sq. Ft. Main House 26515A Township Rd 514 • reception counter, 2 offi ces, parts counter, wash- • 4,950 Sq. Ft. One and a Half Storey Home • 2,507 Sq. Ft. Secondary House • 35.25 Acre nursery with retail sales centre rooms and showroom • Cedar Deck facing Ocean • 1,014 Sq. Ft. Garage • +/-23,410 Sq. Ft. of Greenhouse Space • forced air, natural gas heat and electric hot water • Beautiful view property • +/-6,735 Sq. Ft. of Seasonal Growing Houses • 2,299 Sq. Ft. Bike Garage $3,788,000 • Principal Residence is +/- 2,956 Sq. Ft. home (Full Base- Second Storey (Offi ce Area +/-4,347.15 Sq. Ft.) $3,998,000 ment with 4 Bedrooms & 2 Bathrooms) • +/- 2,397.14 Sq. Ft. large central storage area • 16’ x 56’, 2 Bedroom mobile home • +/- 341.74 Sq. Ft. lunchroom LANGLEY CALL US FOR ALL THE DETAILS • +/- 207.96 Sq. Ft. of offi ces (5) 6895 & 6897 272nd Street LANGLEY • +/-216.08 Sq. Ft. of Boardroom 1279 248th Street • Centrally Located 32.85 Acres PLEASE CALL US FOR LEASE RATES • 19.75 Acres well drained Ag Land • Private Estate Property 26877 Fraser Highway • 2 Titles – 3 residences , pool, storage garages , stables & paddocks • 11,513 Sq. Ft. Lot CHILLIWACK • Zoned RU-2 • Close Proximity to Major Traffi c Routes • 7,947 sq. ft. Main House with 6 bdrms, 5 bathrms • +/- 400 Feet of Road Frontage along Fraser High- • 4,071 sq.ft. 2nd home 3 bdrms , 2 baths way and Old Yale Road 8558 Chilliwack Mountain Road • Usable road access from either end of property • 1,423 sq. ft. Equestrian residence 2 bdrms, 2 baths • High Traffi c Location • 10.687 Acres $2,000,000 • Zoning C-3 • Concept A • 2,392 sq. ft 4 car garage - restaurant/fast food - bakeries - Landlord will be using the Northern Most Portion • 10 stall stables with feed storage , offi ce , tack - small convenience store Fronting Chilliwack Mountain Road 2866 256th Street room and grooming area - gas bar/service station - taxi - 3 additional lots - All fronting Aitken Road • 31.35 Acres $10,800,000 - vehicle servicing and repair - veterinary clinics - Aligned with current city zoning M3(General • +/-4,042 Sq. Ft. Home with attached garage and CALL FOR PRICING Industrial) and M4(Heavy Industrial ) single carport • Concept B • +/-875 Sq. Ft. Secondary Home 6681 Glover Road 4140 200th Street - Landlord will be using the Northern Most • +/-2,459 Sq. Ft. Workshop • 4 Bedroom, 2 Storey Residence Built “1909” • 10,207 Sq. Ft. Lot Lot Fronting Chilliwack Mountain Road • +/-2,375 Barn • +/- 83,000 sq.ft. of Buildings • Good central location • +/-3,033 Sq. Ft. Workshop/Hay Storage/Open Barn • +/- 952.91 Sq. Ft. of Retail - 4 additional lots • 3-1/2 acres Parking - 2 fronting Aitken Road, 2 accessed off cul-de-sac • +/-4,412 Horse Exercise Center with +/-859 Sq. Ft. Storage • +/- 1,071.09 Sq. Ft. of Storage, Lunchroom & Maintenance Room • +/-245 Sq. Ft. Outdoor Riding Arena • Zoning RU-3 • +/-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 $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 | MARCH 2018

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

DEVELOPMENT OPPORTUNITY MOBILE HOME PARK WESTSIDE 12 SUITE APARTMENT BUILDING FESTIVAL LANDS & RV PARK

SALE SALE SALE SALE

65 First Street, New Westminster, BC 5.82 Acre with room for expansion 1422 West 73rd Avenue, Vancouver, BC Former Site of Merritt Music Mountain Festival • Site Size: 47,495 SF • Well Located in the City of Merritt • Site Size: 7,705 SF • 490 Acres • 61 strata units • 11 Self owned/9 Park owned Mobile Homes • Opposite Marpole park w/ laneway access • ALR Zoned • High density residential development potential • 3 Stand Alone Houses • 67’ frontage • 3 hour drive from Vancouver • Contact listing agents for more information • Price: $3,580,000 • Price: $5,000,000 • Asking $7.0 million

Edward Chiu, Matt Nugent* Chris Midmore, Brian Tattrie Cynthia Dong* & Don O’Brien 604.518.8230 604.736.5611 Andrew JD Scott* 604.655.8122 Brian Tattrie 604.714.4783

STRATA RETAIL INVESTMENT OPPORTUNITY APARTMENT & DEVELOPMENT SITE! VICTORIA MOTEL 15 YEAR NET LEASE INVESTMENT

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 3901 Second Avenue - near Boundary • Located at Hornby St & Beach Ave • 3 Storey with 30 Suites - Downtown Vancouver • 24 Units w/ Kitchens, 24 Parking Spaces & 25 Elec- • Sought after Industrial area • 2 strata units joined • Site Size: 12,969 SF (99’ x 131’) tric Meters • Major Upgrades – Meticulous Throughout • Escalating Lease with Termination Clause • 1,540 SF • Zoned RM-5A Multiple Family • Lot Size – 11,065 SF; Building 13,853 SF • Corner site (50 ft x 132 ft) M-3 zoning • Leased until Sept 2019 Asking $1,980,000 / $1,286 PSF • Assessments: $23,390,100 • Under $3.0 million with Clear Title Brian Tattrie 604.714.4783 Cynthia Dong* 604.518.8230 Hans Van de Kamp 250.704.8275 John Sullivan 604.714.4773

HOLDING PROPERTY W/ REDEVELOPMENT HOT SPRING RESORT! MARINA HOTEL & LIQUOR STORE! CAMPBELL RIVER RETAIL/OFFICE BLDG.

SALE SALE SALE SALE

4407-4411 Main Street, Vancouver, BC 7050 Trans Canada Hwy, Revelstock, BC 6555 Hardy Bay Rd, Port Hardy, BC Exclusive Listing Price: $1,750,000 • 32.92 ft by 101.1 ft lot • Retail unit and 2 bedrooms • 205.171 Acres • Hot mineral pools, 200 camp- • 2.6 acres of waterfront land, 4 acres of water • Waterfront – City Core Location suite • C-2 zoned site with assembly potential as sites, RV Park, and mountain Chalets and cabins lease, 1000 ft new & reconditioned docks, full • 7 Lease Premises – Current Cap. Rate 6% property to the south also listed for sale • • Located between Mount Revelstoke and Glacier service restaurant and pub, liquor store, marine • Cap. Rate 7.8% when Fully Leased $3,980,000 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 MULTIFAMILY- 9 UNITS MULTIFAMILY - 201 UNITS 6-SUITE APARTMENT BUILDING

SALE SALE SOLD SOLD

Terrace, BC – Residential Subdivision Prince George, BC - 9 Unit Apartment Complex 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 MARCH 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 1098 Wilson Crescent 7265 Arcola Street 1035 Howie Street 269 West 4th Street Squamish, BC Burnaby, BC Coquitlam, BC North Vancouver, BC NEW LISTING FOR SALE FOR SALE FOR SALE

• 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 • 47 units situated on a • Over $1.9 M of Cap Ex downtown Squamish (1 U/A) developing Highgate • 40% renovated, with value recently invested with proven renovation approx. 23,986 sf lot completed • Massive revenue upside • Unprecedented 0% neighbourhood add potential on remain • 70% of units renovated program on remaining • Premier Lower Lonsdale • 68% of units completely potential vacancy rate in Squamish • 31,000 sf lot is ripe for unit renovations units location renovated [email protected] [email protected] [email protected] [email protected] 2035 West 5th Avenue 2067 Pandora Street 3701 Princess Avenue 508 Eighth Street Vancouver, BC Vancouver, BC North Vancouver, BC New Westminster, BC FOR SALE FOR SALE FOR SALE FIRM

• Prime Kitsilano location • Rents are 11% below • Located in hip, up and • Approx. $140,000 of Cap Ex • 57-unit townhome rental • 9 acres plus lot with two • 42 unit apartment building • Unbeatable location in the • True value-add CMHC values coming “East Village” since 2013 complex; 2 & 3 bedrooms lakes, walking trails , • Corner lot with heart of New Westminster opportunity with • Scale ideal for self • Superb curb appeal • Building scale is ideal for • Spacious units with common court yard, and a underground parking and 0&$+&Ɯ +1/"3"+2"2-0&!" management self management ,+!,Ȓ.2)&16Ɯ+&0%"0 heated swimming pool balconies [email protected] [email protected] [email protected] [email protected] INDUSTRIAL PROPERTIES FOR SALE IntraUrban Rivershore 1600 - 1610 Derwent Way 2460 Viking Way 8890 School Street Richmond, BC Delta, BC Richmond, BC Chilliwack, BC FOR SALE FOR SALE FOR SALE UNDER CONTRACT

Yale Road

Subject

• Waterfront strata units • ESFR Sprinklers • Industrial strata space • Concrete tilt-up • 34,945 s.f. freestanding • 1 grade loading door • 1.02 acre commercial • Municipal services at • Flexible unit sizes • T5 lighting • Units starting at 3,200 s.f. construction 4/"%,20"ȡ,ƛ& " 2&)!&+$ • 26’ warehouse ceiling development site lot line • Dock and grade loading • Fraser River views • Dock level loading • T5 lighting • Situated on 1.50 acres height • &$%-/,Ɯ)"), 1&,+ • Close to amenities • 26’ ceiling height • Central urban location • Dock levelers • Central location • 4 dock loading doors • ESFR sprinklers • Corner lot • Zoned for drive-thru [email protected] [email protected] [email protected] [email protected]

)1%,2$%&+#,/*1&,+%0 ""+, 1&+"!#/,*0,2/ "0!""*"!/")& )"Ǿ4+"/Ǿ ,+"0+$))"Ǿ+!ȡ,/1%"&//"-/"0"+11&3"0Ǿ /,("/0,/$"+10*("+,$2/+1""001,1%" 2/ 6,#1%"&+#,/*1&,+ ,+1&+"!%"/"&+Ǿ+!,ƛ"/1%"/,-"/164&1%,21"5-/"00,/&*-)&"!4//+1&"0,#+6(&+!ǽ%"/,-"/16*6 "4&1%!/4+4&1%,21+,1& "ǽ #1%"/" &-&"+1,#1%&0&+#,/*1&,+%00&$+"! ,+Ɯ!"+1&)&16$/""*"+1/"$/!&+$1%&0*11"/Ǿ1%&0&+#,/*1&,+&002 '" 11,1%"1"/*0,#1%1$/""*"+1ǽȪǗǕǖǝǽ ,+"0+$))"ǽ))/&$%10/"0"/3"!ǽ

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 | MARCH 2018 Commercial brokers caught in a legal crossfire COMMENT | B.C.’s new “dual agency” regulations were triggered by a handful of abuses in the residential PUBLISHER: Janai York sector but also apply – unfairly – to commercial real estate agents EDITOR-IN-CHIEF: Joannah Connolly EDITOR: Frank O’Brien ommercial real estate was appointed to oversee the agent could have confidential in- CONTRIBUTING WRITERS: Nelson Bennett, Tanya agents in British Columbia WESTERN council. The province also ap- formation about both the buyer Commisso, Geoff Kirbyson, Peter Mitham, Frank are about to be exposed to PERSPECTIVE pointed new members to the and the seller. O’Brien, Sandy Shindleman, Jan Zeschky C PROOFREADER: Meg Yamamoto a crossfire of government regula- council, few of whom had any real In the tightly held commercial PRODUCTION: Darko Isic, Arslan Sultan tions targeted at the residential estate experience. real estate industry, it is common ADVERTISING SALES: Lorena MacDonald, sector. complained that real estate agents Fines for real estate agents en- for an agent to deal repeatedly David Witherspoon This June B.C. will become the had cheated them by quickly flip- gaged in unethical practices were with the same property owners ADVERTISING SALES CO-ORDINATOR: Angela Foster CIRCULATION: Angela Foster first jurisdiction in Canada to ping their homes for more than raised from $30,000 to $250,000 and buyers. It is also common NEWSSTANDS: Globe Distribution Services outlaw “dual agency” in the real they had sold them for. per individual agent, and $500,000 for a commercial agent to act for PRINTED: In Canada at Kodiak estate industry. Dual agency is the There was no indication that for brokerages. both parties, for example some- Western Investor is published monthly by practice that allows a real estate similar abuses were taking place However, the independent ad- one selling a storefront and then RE Weekly Limited Partnership agent to work for both the buyer in the commercial real estate field, visory group stated on the first expanding into larger premises. VANCOUVER HEAD OFFICE: 303 West 5th Avenue, and seller of a property, a practice but the government makes no dis- page of its report that it had con- The Office of the Superintendent Vancouver, B.C. V5Y 1J6 BC Real Estate Association of Real Estate SUBSCRIPTIONS AND ADVERTISING SALES: that the tinction between commercial and sidered only residential, not com- has said these issues Tel: 604-669-8500 Fax: 604-669-2154 said accounts for fewer than 5 per residential agents. mercial, real estate. will be “studied” before the new Canada/U.S. toll-free: 1-800-661-6988 cent of residential transactions. In June 2016, then premier The resulting regulations, rules come into effect. Canadian publications mail product sales agreement The dual-agency ban, which was Christy Clark stripped self-regula- though, included all commercial The solution appears simple: #40069240, GST #105655567 Real Estate Council of Copyright 2018. While every effort is made to originally to come in March 15 but tion from the real estate transactions. keep a clear separation between ensure the accuracy of articles and advertising was booted to June 15 after an in- BC after the release of a damning Commercial agents are rightly commercial business-to-business that appear in each edition of Western Investor, dustry outcry became strident, report from an independent advis- concerned because the legisla- transactions and private home the publisher may not be held responsible for any was started because of a handful of ory group that found the council tion could prohibit an agent from buying when enacting real estate errors or omissions that may from time to time ■ occur. No part of this publication may be reprinted high-profile cases in the white-hot “does not effectively deter mis- selling a property to a potential legislation. in any medium without the express written Metro Vancouver housing market conduct and unethical behaviour” buyer with whom they have had permission of RE Weekly Limited Partnership. early in 2016. by real estate agents. previous dealings. This is defined FRANK O’BRIEN | Editor At that time, some home sellers A superintendent of real estate as “double recusal,” meaning the [email protected] ADVERTISING DEADLINE APRIL 2018 issue: NEXT MONTH: ANNUAL LAND REPORT; MULTI-FAMILY MANIA; CLOSE-UP ON REGINA March 12, 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 NEW NEW REDUCED

1537 BURNABY ST, VANCOUVER 1406 LABURNUM ST, VANCOUVER MC2 2146 W 43RD AVE, VANCOUVER 2231 ETON ST, VANCOUVER West End apartment building featuring Kits Point apartment building featuring Marine & Cambie -110 suites Kerrisdale development site improved 16-suite well maintained building. Views. 24 suites (including penthouse) 10 suites (6/10 suites renovated) Two concrete luxury rental properties with a 16-suite co-op apartment building Grandview-Woodland neighbourhood $9,550,000 $7,000,000 $54,000,000 $11,990,000 $5,850,000

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

MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY SOLD SOLD SOLD

1535 E. 1ST AVE, VANCOUVER 1555 E. 1ST AVE, VANCOUVER NOVARE 3591 OAK ST, VANCOUVER 420 ELEVENTH ST, NEW WESTMINSTER Grandview-Woodlands neighbourhood Grandview-Woodlands neighbourhood 527 Carnarvon St, New Westminster 26-suite co-op apartment building 61-suite apartment on massive ~1 acre 13-suite apartment building. 2.4 FSR 13-suite apartment building. 2.4 FSR New purpose-built rental tower 132’ x 120’ lot. Shaughnessy area site Brow of the Hill neighbourhood Call for price Call for price 282 residential & 5 CRUs $15,950,000 $14,500,000

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

DEVELOPMENT DEVELOPMENT DEVELOPMENT MIXED-USE RETAIL NEW UNDER CONTRACT NEW

BRISTOL ESTATES-13301 104TH AVE NORQUAY VILLAGE DEV SITE 5000 JOYCE-COLLINGWOOD, VANCOUVER 2340-50 ST. JOHNS STREET, P MOODY THE SAXON Rare-6.38 acre multi-high-rise BLOCK EARLES ST, VANCOUVER Mixed-use redevelopment site Mixed-use townhouse complex 7908 15th Avenue, Burnaby development site in Surrey City Centre Multi-family development site 132’ x 105’ (13,860 SF) 10 units: 7 residential / 3 commercial Approx. 8,098 SF $88,000,000 Up to 2.0 FSR. 3 lots totalling 29,370 SF $22,888,000 $5,350,000 Call for price

Dean Thomas* David & Mark Goodman*, Cynthia Jagger* David & Mark Goodman*, Cynthia Jagger* Mark Goodman*, Cynthia Jagger*, Sam Emam* Nhi Denis*, Tammy Lam

Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice. *Personal Real Estate Corporation MARCH 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A7

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

FOR SALE: 1979 Pandosy Street, Kelowna, BC FOR SALE: Strata Unit – 98 East Broadway, Vancouver, BC

• Rental rates have increased by approx. 6.71% from 2016-2017 • 1,327 sf Commercial Strata Lot • Property is held in a base trust • C-3A Commercial Zoning • Potential to add additional income through parking/storage lockers • Currently occupied by Subway Franchise Restaurants of Canada, Ltd. • Significant renovations and upgrades have been completed • High traffic location

UNDER CONTRACT Chris Wieser / Robert Greer* / Carey Buntain Daniel Lee* / Robert Greer* FOR SALE: 20963 Lougheed Highway, Maple Ridge, BC FOR SALE: 8238 129 Street, Surrey, BC

• High-exposure site with 135 feet of frontage on Lougheed Highway • Fully leased single tenant industrial facility • Situated on approximately 2.0 acres of land • 77,729 sf on 1.88 acres • Urban Residential (Major Residential Corridor) under Maple Ridge’s OCP • New 10 year lease with escalations • Most suitable development would be townhouses Robert Greer* / Chris Wieser* / Carey Buntain 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: 1050 W Queens Road, North Vancouver, BC

• 12,000 sf site located at the northeast corner of Pandosy St. and Leon Ave. • Mixed-use development opportunity • ~120 ft. of frontage along Pandosy St. in the heart of Downtown Kelowna • Prime Edgemont Village location • Designated Mixed Use (MXR) in Kelowna OCP – 9.0 FSR maximum density • Asking Price: $5,000,000 • Short-term holding income in place Bal Atwal* Terry Thies* / Ian Whitchelo* FOR SALE: 1510 W 71st Avenue, Vancouver, BC FOR SALE: 33991 Gladys Avenue, Abbotsford, BC

• 10,434 sf medium-density residential redevelopment site • Investment property with bonus development potential 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 potential development of up to 130,000 BSF (est) • Currently improved with an ~2,500 sf single-storey building Bal Atwal* Matt Thomas / Jennifer Devlin FOR SALE: 1369–1377 Kingsway, Vancouver, BC FOR SALE: 1130 & 1132 West 15th Street, North Vancouver,

• 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: 1368 E 8th, Vancouver, BC FOR SALE: Unit 3, 27355 Gloucester Way, Langley, BC

• 15-unit vacant rental apartment building • 8,315 sf • Short walking distance to two (2) Skytrain Stations • One dock and one grade door • 3.6 FSR, 10-storey land use • M-2A - Business Park Industrial • 2-levels of secured underground parking • Asking price: $1,695,000 Jake Luft / Justin Omichinski* / Rob Greer* / Carey Buntain Mathew Sunderland* 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 Trailer • To be zoned and serviced by current owner • Fully-leased with notable anchor tenants 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 FOR SALE: 8302 Main Street, Osoyoos, BC FOR LEASE: North Kelowna Crossing, Kelowna, BC

• Premier Main Street Location • 50,000 sf service commercial development • Strong mix of local and regional retail tenants • 3 minutes from University of British Columbia Okanagan Campus • Unique re-development potential • Re-alignment of Rutland Road • Asking Price: $1,299,000 • Excellent frontage and exposure along Old Vernon Road Derek Lee / Bill Elliott* Daniel Lee* / Arlyn Stoik

*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 | MARCH 2018

RESULTS DRIVEN. 604 684 8844

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

INDUSTRIAL LAND FOR SALE SALE/LEASE/BUILD TO SUIT | BLAINE WA SURREY BC INVESTMENT OPPORTUNITY | 100 MILE HOUSE

•33 Strata Unit Investment VANCOUVER 1HR NORTH •Cap Rate 7% JUST LISTED •%DFKHORU%HGURRP0L[ City of Blaine •)XOO%URFKXUH$YDLODEH 70% LESS THAN GVRD INDUSTRIAL LAND PRICES •(DV\$FFHVVLELOLW\ [EUGEN KLEIN] •Lot Size: 7259 SF (Flat Land) 176TH ST •Zoning: IL (Mulitple Use) • $2,750,000 3ULFH([SHFWHG • [SUMIR CHAUHAN]

SEATTLE 2 HRS SOUTH RETAIL STRATA FOR LEASE NORTH VANCOUVER BC RESIDENTIAL DEVELOPMENT LAND | QUESNEL BC •6)6)%XLOGDEOHWR$FUH6LWH$YDLODEOH%XLOG5HDG\ •RS-1 Single Dwelling Residential •6)&RQWLJXRXV6LQJOH6LWH)XOO([SRVXUHWR+LJKZD\,DQG65 •Close to Downtown, •WR86'SHU$FUH6)/HDVH5DWHRQ1HZ%XLOGWR6XLW •Lots from $7,500 •%LQGLQJ6LWH3ODQ7UDIûF6WXG\:HWODQG0LWLJDWLRQ$UP\&RUSV '2($SSURYHG •3DUFHOV$YDLODEOH $FUHV •8VHV7HFK&DPSXV2IûFH0HGLFDO5HWDLO0DQXIDFWXULQJ'LVWULEXWLRQ:DUHKRXVLQJ Cold Storage, Free Trade Zone [EUGEN KLEIN, RAMAN BAYANZADEH, DEAN THOMAS] •+LJK7UDIûF/RQVGDOH([SRVXUH [EUGEN KLEIN] •890 SF on Lower Lonsdale near W 3rd

•Fully Improved with Washroom $900,000 - 12,900,000 USD [RAMAN BAYANZADEH, POURIA NIKRAVAN] $450K to $2.5M

INDUSTRIAL BUILDING FOR LEASE WAREHOUSE SPACE FOR LEASE RETAIL SPACE FOR LEASE SURREY BC SURREY BC VANCOUVER BC MULTIPLE OFFICE UNITS FOR LEASE | DELTA BC

•8035 120th Street (Scott Road) •&RUQHU([SRVXUH+LJK7UDIûF JUST LISTED JUST LISTED JUST LISTED •8SWR8QLWV$YDLODEOH •620 SF - 2500 SF, Free Customer Parking •7HQDQW,QFHQWLYH3DFNDJHV$YDLODEOH •Free Standing •2 Level Strata Unit •Located in the Heart of Mount Pleasant •[SUMIR CHAUHAN, RAMAN BAYANZADEH] •19,967 SF Lot, 9,812 SF Warehouse •5, 500 SF total •1,376 SF - 3 Parking Spots •Zoning: IL •Zoning: IL (Multiple Use) •$45/ SF $13 / SF •$12 / SF [SUMIR CHAUHAN] •$12 / SF [SUMIR CHAUHAN] [ERIC WU, RAMAN BAYANZADEH, SUMIR CHAUHAN]

FREE STANDING BUILDING DEVELOPMENT POTENTIAL MOBILE HOME PARK FOR SALE STAY CONNECTED ? VANCOUVER BC BURNABY BC FORT ST. JOHN BC Would you like to receive our latest and exclusive offerings, featured commercial, investments, luxury residential or presales? • • • Choose what you are interested in. Stay connected as you 6,300 SF Lot with 2.5 FSR, Principles Only  25,422 SF $FUHV0RELOH+RPH3DGV593DGV •Two Storey Building with 55’ Frontage •Under 8 million • prefer. To subscribe email us at [email protected] or ([SDQVLRQ3RWHQWLDODQG1R9DFDQF\ •+LJK7UDIûF$UHD)UDVHU6WUHHW •Burnaby Edmonds area •Close to Downtown Fort St. John visit kleingroup.com [SALLY SO] •$4,300,000 [RAMAN BAYANZADEH, KEVIN CHIANG] •Potential to Build Site • [EUGEN KLEIN] MOBILE HOME PARK FOR SALE PRIME RETAIL PROPERTY | NORTH VANCOUVER BC ROCK CREEK BC MOBILE HOME PARK DEVELOPMENT

•0+3DQG595HQWDO/RWV •Northern BC / Port Community REDUCED •+LJK'HPDQG $YJ3DG FOR SALE •Projected 40+% Return, Won’t Last!

•$FUHV/RZ9DFDQF\ [EUGEN KLEIN] •3DG'XDO5RDG$FFHVV $3,880,000 •9.1% Cap Rate •$549,000 [EUGEN KLEIN] $1,999,888

MOBILE HOME PARK FOR SALE MHP & LAND FOR SALE MOBILE HOME PARK FOR SALE MACKENZIE BC CAMPBELL RIVER BC COURTENAY BC

JUST LISTED JUST LISTED •Prime Corner Location on Marine Drive i •For Investors or Owner Occupiers • [RAMAN BAYANZADEH, POURIA NIKRAVAN] •  •120 Pads, 14% Potential Cap 3DGV([SDQVLRQ3ODQV&RPSOHWH •$FUHV • •Close to Town Centre, Town Services 23 Pad MHP, Fully Occupied •3DGV59V&DELQ • • •Principles Only City Water, Sewer, Garbage Collection City Water, Sewer, Garbage Collection $3,999,000 • • •$2,400,000 [EUGEN KLEIN] $1,700,000 and $1,000,000 [EUGEN KLEIN] $3,250,000 [EUGEN KLEIN]

Raman Bayanzadeh Sumir Chauhan Kevin Chiang 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 Investment & Leasing Investment & Land Investment Investment Investment & Leasing Investment & Land Investment & Land Investment Investment Royal LePage Sussex, Klein Group | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com MARCH 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A9

604 518 2025

DDISCOVERISCOVER CCOMMERCIALOMMERCIAL RREALEAL EESTATESTATE WWITHITH

KKarimarim AAlili MMeralierali RealReal EstateEstate AgentAgent CCellular:ellular: RRuchikauchika ((604)657-3448604)657-3448 [email protected]@gmail.com TTekkeveetilekkeveetil RRealeal EEstatestate AgentAgent FOR SALE CCellular:ellular: STRATHCONA ((778)688-8480778)688-8480 209 HEATLEY AVENUE [email protected]@gmail.com Investment / Development Opportunity • Fully renovated mixed-use property • BUSY PIZZA SHOP IN VANCOUVER FOR SALE • JUICE BAR/WELLNESS CENTRE/DELI/ • Lot Size: 6,100 sf (Approx.) Net income approximately $120,000. Asking COFFEE SHOP/HOMEOPATHY/NATUROPATHY • Net Income: Please contact us price $299,999 includes equipment. IN VANCOUVER FOR SALE • Asking Price: $3,999,000.00 Asking price $129,900. • US FRANCHISE PRINTING BUSINESS IN VANCOUVER FOR SALE • INDUSTRIAL LAND IN RICHMOND FOR SALE Net income approximately $100,000. 12 acres. Asking price $43,000,000. FOR SALE STRATHCONA Asking price $299,000 includes equipment and training. • INDUSTRIAL LAND IN DELTA FOR SALE 635 E HASTINGS STREET 19 acres. Asking price $15,200,000. Strathcona Investment Opportunity • EXCLUSIVE CIGAR SHOP FOR SALE • Strategically located mixed-use investment property • PET STORE IN BURNABY FOR SALE Asking price $310,000. • Lot Size: 3,050 sf (Approx.) Net income approximately $90,000. • Net Income: Please contact us • TROPHY RESTAURANT WITH PROPERTY Asking price $180,000. IN DOWNTOWN VANCOUVER FOR SALE • Asking Price: $3,689,000.00 Asking price $19,000,000. • CAR WASH IN PRIME LOCATION FOR SALE Asking price $299,000. • DOLLAR STORE IN VANCOUVER FOR SALE With lottery sales and other sources of income. • EXCELLENT LONG TERM SALE PENDING SALE PENDING STRATHCONA Asking price $298,000 plus inventory. CATERING BUSINESS FOR SALE Net income approximately $270,000. 1172 & 1180 E HASTINGS STREET • SHAKE & SHINGLE BUSINESS FOR SALE Exceptional Development Opportunity Asking price $11,900,000 plus inventory. Asking price $859,000. • Strathcona development site with holding income • VARIOUS DRYCLEANING BUSINESSES • SAW MILL EQUIPMENT MANUFACTURING • Zoning: M-1 Industrial FOR SALE BUSINESS FOR SALE • Lot size: 6,100 sf (Approx.) Asking price $79,988. Net income approximately $200,000. • Sale Price: Please contact us Asking price $2,000,000. • FOOD PLANT WITH PROPERTY FOR SALE Asking price $19,000,000. • VARIOUS MIXED-USE PROPERTIES FOR SALE 4% CAP rate. • NEWLY RENOVATED SOLD SOLD • DOLLAR STORE FOR SALE 39-UNIT FRANCHISE MOTEL 395 RAILWAY STREET Asking price $3,500,000. Asking price $39,900. Railtown Investment Opportunity • MOTEL IN KAMLOOPS FOR SALE • FLOWER SHOP WITH PROPERTY FOR SALE • 3-storey plus underground parking 1 acre. Asking price $1,980,000. • Building size: 24,107 sf (gross) | 16,950 (rentable)* • MULTI-SERVICE MOTEL FOR SALE • Lot Size: 6,056 sf (Approx.) • 40 PLUS UNITS LOWER MAINLAND MOTEL IN BC INTERIOR • Sale Price: Please contact us FOR SALE Asking price $2,698,800. Asking price $3,500,000 fi rm. • HIGH VOLUME GAS STATION IN BC FOR SALE • 54-UNIT FRANCHISE HOTEL WITH Asking price $3,300,000. RESTAURANT AND POOL FACILITY SOLD SOLD IN MERRITT FOR SALE • VARIOUS LIQUOR STORES FOR SALE Asking price $4,500,000. Asking price from $1,500,000-$6,000,000. 1029 - 1031 RIDGEWAY AVENUE Exceptional Austin Heights Development Site • BOUTIQUE STYLE MOTEL IN INTERIOR BC • FULL SERVICE 4.5 STAR BOUTIQUE HOTEL • Prominent corner site in the heart of Austin Heights FOR SALE IN INTERIOR BC WITH BEER & WINE STORE • Lot size: 18,600 sf (Approx.) Asking price $3,950,000. AND RESTAURANT FOR SALE - 68 UNITS • Sale Price: Please contact us Asking price $4,800,000. • PRIVATE COLLEGES FOR SALE • 32-UNIT MOTEL CLOSE TO PRINCE GEORGE • VARIOUS DEVELOPMENT SITES FOR SALE FOR SALE 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 • VARIOUS FLOWER SHOPS FOR SALE Asking price $1,500,000. ƒ†‘‹••‹‘•ƒ†ƒŽŽ‹ˆ‘”ƒ–‹‘•Š‘—Ž†„‡ ƒ”‡ˆ—ŽŽ›˜‡”‹Ƥ‡†Ǥ *All measurements are approximate. BRAND NEW PRESALE CONDO AND TOWNHOME PROJECTS ROBERT THAM MARC SAUL* ON SOME UNITS IN VARIOUS LOCATIONS 632 Citadel Parade, Vancouver, BC, V6B 1X3 252-5489 Byrne Rd, T 604.609.0882 F 604.609.0886 Burnaby, BC V5J 3J1 www.corbelcommercial.com (604)880-6000 *Personal Real Estate Corporation A10 | LOWER MAINLAND WESTERNINVESTOR.COM | MARCH 2018 False Creek Flats in spotlight but Railtown on the radar FEATURE | Speculative developers got in ahead of price spikes in False Creek Flats and Mount Pleasant and Railtown could be next target

In many cases, land prices have flats and in neighbouring Mount By FRANK O’BRIEN doubled. Pleasant, where a 3.0 floor space [email protected] “Our clients got in ahead of it,” ratio density is now allowed. said Blair Quinn, executive vice- Two recent sales highlight he first speculative de- president of CBRE Canada. the latter: a 12,573-square-foot velopers on Vancouver’s His clients, PCI Developments site was bought a year ago on TFalse Creek Flats may be and Low Tide Properties, bought West 7th by Rendition Develop- the last to see land prices at less 565 Great Northern Way, a 1.85- ments for $9.5 million; and an than $500 per square foot. acre site in the flats, in 2016 for 18,400-square-foot site on It is a lesson that could be car- $34.6 million, or $430 per square Yukon and West 6th was pur- ried into Vancouver’s historic foot. chased by Chard Development Railtown area. BC Assessment now values the in December for $20.4 million. The flats, 450 acres roughly site at $72.1 million. Both sites are being developed bounded by Main Street, Pri- PCI and Low Tide plan to build as light industrial and office or Street, Knight Street and a 160,000-square-foot, seven- space over four floors. Great Northern Way, is zoned storey office building, with Class The next hot spot could be for industrial and commercial A space aimed at the city’s bur- Railtown, Avison Young detailed use with only a tiny amount set geoning tech industry. in a recent Metro Vancouver of- aside for residential, most of It is the first multi-tenant of- fice market report. that housing to accommodate fice building in the area in 18 Much of Railtown, an aging in- students at the new Emily Carr years, and the first of more than dustrial enclave just above the University of Art and Design. 1.9 million square feet planned to rail tracks and port in the Down- Construction continues on the first new office development on the The lack of housing on the flats be built in the flats by this de- town Eastside, now has zoning False Creek Flats. The site doubled in assessed value in the past year, was intentional from the get-go, velopment team alone. similar to Mount Pleasant. to $72 million. | SUBMITTED according to Vancouver Mayor Already 72 per cent leased, At least three new mixed in- Gregor Robertson, who has de- Quinn said takeup of the office dustrial and office projects are leasing 39,000 and Samsung, fended reserving the flats pri- tower has “surpassed all expect- planned for Railtown, totalling leasing 20,000 square feet. marily for workspace, not living ation.” Quinn did not release more than 250,000 square feet. Quinn said PCI and Low Tide space. lease rates, but said they would These include a seven-storey, plan to start on a second phase of The zoning was expected to be lower than Class A office 152,000-square-foot office and 300,000 square feet of commer- shelter commercial developers space downtown, which aver- industrial complex designed cial space at the site by mid-2019. from the soaring land prices that age north of $45 per square foot. for technology companies, by characterize city neighbour- Current tenants include Fin- Omicron and Rendition. Being hoods that have a potential for ning International, the world’s Railtown built on the site of an old boiler high-density residential. largest dealer of Cat equipment factory, it received city permit But that may not work out as and once owners of the land. Jake Luft, a senior associate with approval December 17, subject planned. Finning is moving its global Avison Young in Vancouver, said to conditions. False Creek land zoned for in- headquarters from downtown a rush of commercial develop- Blair Quinn, executive vice- At 353 Railway, a six-storey, dustrial and light industrial use Vancouver back to False Creek ment applications have followed president at CBRE: flats leasing 35,000-square-foot building increased in price by at least 48 Flats, occupying 29,000 square the city’s approval of False Creek has surpassed expectations. is planned by Rendition, which per cent in the past year, ac- feet in the new building. Black- Flats. “There’s a lot of land there | SUBMITTED originally applied for permits cording to a study by Andy Yan, bird Interactive Game Studio will that’s ripe for redevelopment.” in 2015. Now approved, it is ex- director of Simon Fraser Univer- be leasing 29,000 square feet, Land for office development explains the demand and ris- pected to break ground this year sity’s City Program. with Spaces, a co-working space, is rare in Vancouver, which ing prices for sites in both the and complete in 2019. ■ MARCH 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A11

PERFORMANCE EXCELLENCE MACDONALD COMMERCIAL’S TOP PRODUCERS OF 2017 Award of Excellence:

Cynthia Dong * Chris Midmore Dan Schulz * Matt Nugent * Eric K. Poon *

Cynthia Dong *

Stuart Wright * Nick Goulet * Yashar Khalighi Larry Partridge Mark Hagedorn *

Brian Tattrie Barb Burrows Bruce Long * Edward Chiu Sales Achievement Award:

Razi Mohamed * Steve Schweigert Clare Stevens John Sullivan

Gavin Lee Hans Van de Kamp Bob Scragg * * Personal Real Estate Corporation T. 604.736.5611 [email protected] macdonaldcommercial.com A12 | LOWER MAINLAND WESTERNINVESTOR.COM | MARCH 2018 City land prices cheer investors but spook retailers FEATURE | As assessment values soar, “triple-net” retail tenants say property taxes are driving them out of Vancouver

space of a year – from almost $17 FRANK O’BRIEN AND million to $52.3 million. JAN ZESCKY, Vancouver Courier While no plans are officially [email protected] in place, the 1949 low-rise that Chocolate Mousse operates in hen the veteran owners will most likely be demolished to of 3 Vets outdoor store make way for a residential tower. sold their Vancouver Across the street at 1500 Robson, W a development awaiting approval retail location in December they may have netted more in that sin- aims to build a 21-storey tower of gle transaction than the store’s market-rental units. annual income for many of its 70 “It might be a small mom-and- years in business. pop shop, but if [the] zoning chan- The 18,147-square-foot corner ges to much bigger use, then the lot near Vancouver City Hall sold change in assessment would be for $20.4 million to Chard De- based on what that new zoning velopment, which plans to build is,” explained Tim Morrison of BC a four-storey office and industrial 3 Vets co-owners Jerry (left) and Keith Wolfman pulled the plug on their long-serving outdoor equipment store in Assessment. project on the land. December after 70 years in business. The 18,147-square-foot site at Yukon and West 6th Avenue was assessed at According to property tax agent The 3 Vets site had been as- roughly $12 million in July 2017. It sold in December for $20.4 million. | DAN TOULGOET/ VANCOUVER COURIER Paul Sullivan, the root of the sessed at $6.3 million in 2016 but whole problem is the commercial values had spiked to nearly $12 and acquisitions officer at Chard senior vice-president, Colliers what you’ll sell.” tax rate, which is five times the million as of last July, a reflection Development, said all of the new International. With the increase Chocolate residential rate. of soaring land prices follow- commercial space built on the 3 But for many Vancouver retail Mousse now pays more in prop- “Right now, 46 per cent of the ing a City of Vancouver zoning Vets site will be sold as strata. tenants, the soaring land and as- erty taxes than for rent. entire property tax burden in the change that allowed higher com- Chard recently sold out a similar sessment value means unpreced- Like many other retailers leasing city of Vancouver is being paid mercial density in much of Mount three-storey strata project nearby ented and unaffordable property space in Vancouver, Chocolate by 7 per cent of the properties, Pleasant. on West 7th Avenue at $900 per taxes. Mousse is on the hook for any in- because only 7 per cent of the BC Assessment calculates prop- square foot – $10 million per floor Karen and Jane Tennant recent- crease in property tax due to the properties in Vancouver are com- erty on its “best and highest” use, – and the CFO said “it is possible” ly posted a note for customers at “triple-net” lease system, which mercial.… That’s fact,” said Sul- so potential development, not the the 3 Vet project will be priced their Chocolate Mousse Kitchen- means that, in addition to their livan, a partner at Burgess Cawley actual use of the property, dictates even higher. ware store that had operated in the rent, they must pay an additional Sullivan & Associates. the assessed value. As a result, an- Vancouver has Canada’s second- city’s West End for 33 years. charge for operating costs and For years, Sullivan has been ad- nual city property taxes for 2200 lowest industrial vacancy rate at The note said that it was “finan- taxes. vocating a redistribution of this Yukon had rocketed to more than 1.7 per cent and industrial lease cially impossible for us to stay” at It’s a big reason many smaller, tax load. One idea is taxing com- $90,000, according to 3 Vets co- rates are up 12 per cent from a year the Robson Street location after independent businesses are clos- mercial buildings earmarked for owner Jerry Wolfman, and threat- ago. Vancouver’s office vacancy the City of Vancouver raised its ing in the city, Tennant said. “It’s primarily residential redevelop- ened to go higher. rate plunged 50 per cent in 2017 to property tax by 92.7 per cent in endemic in the city. It’s a big, big ment at the residential rate. Developers are prepared to pay 5 per cent, the lowest since 2013. the past year. And it is not alone. problem.” The problem is citywide, Sul- the higher prices because of the “Investing in commercial real “There are so many vacancies Property tax is based on the as- livan said. potential returns in a city where estate is more beneficial than leas- up [Robson] Street because people sessed value of the property in “In all of our commercial nodes, both industrial and office space ing. When you purchase com- can’t make it,” Karen Tennant which the store is located. Ac- 80 to 90 per cent of those com- is at a premium. mercial real estate, you control said. “Because what they’re char- cording to BC Assessment, that munity retailers are suffering Byron Chard, chief financial your property,” noted Cecilia Tse, ging [in taxes] is not reasonable for value more than tripled in the from this issue,” Sullivan said.■

604.779.6644

FOR SALE AND LEASE

OPPORTUNITY FOR 2 FRONT TO BACK DUPLEX LOTS MISSION 66011011 SPROTTSPROTT SSTREET,BURNABY,TREET,BURNABY, BBCC

DEALERSHIP / COMMERCIAL / RETAIL / OFFICE Silverdale Plaza, Mission Builders/ Developers/ Investors & Owner Occupier’s: Excellent opportunity to own * NEW 16.6 acre development site (66x117 lot) with Existing Side by Side Duplex in Central Burnaby. The property has Approval for the subdivision of 2 front to back duplex lots. The buyer to confi rm with City on the corner of Of Burnaby. The existing side by side duplex boasts 4 rental units generating approx. Nelson Street and Lougheed Highway $4800 a month. Centrally located walking distance to Burnaby Central Secondary & Douglas Road Elementary. Also within 15 mins drive: SFU, BCIT, Brentwood Mall, Deer- Receiving letters of intent. $$2,388,0002,388,000 lake, 8-Rinks and so much more! So many possibilities call or book a showing today!

#101 - 2609 Westview Dr., North Vancouver, B.C. V7N 4M2 | 604.779.6644 | [email protected] | www.gordonkleaman.com MARCH 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A13

Commercial 604.728.2845 Division www.fraserelliottgroup.com

2,359 SQ.FT WAREHOUSE WAREHOUSE SPACE TSAWWASSEN OFFICE NORTH RICMOND OFFICE LIVE/WORK OPPORTUNITY! 4 7823 132 STREET, SURREY 5 3275 MCCALLUM ROAD 204 1777 56 STREET 220 12611 VULCAN WAY, RICHMOND 14 1010 SHEARME ROAD

$599,900 $419,000 $438,000 $359,900 $599,900 Front and rear lane access. Two 2,007 sq.ft. of warehouse space, Imagine a new work space right 1,166 sq.ft second floor office space in 1,984 sq.ft. of warehouse space bathrooms and option to build this concrete tiltup unit is the per- at home in Tsawwassen’s finestprime North Richmond location. as well as a 1,172 sq.ft. apartment additional mezzanine/office spacefect space for running a business commercial building. above! PRIME OFFICE SPACE RETAIL SPACE BURNABY OFFICE HIGHGATE RETAIL PRIME DOWNTOWN LANGLEY 4 32540 LOGAN AVENUE, MISSION 102 7511 120 STREET, SURREY 203 4885 KINGSWAY, BURNABY 7030 KINGSWAY, BURNABY 101 20238 FRASER HIGHWAY, LANGLEY

$529,900 $638,800 $699,900 $730,000 $777,000

Prime office space in Fairmont Cen- Unoccupied strata retail space with 2 second floor strata office unitsStreet level retail unit 610 sq.ft PRIME Downtown Langley street tre in central Mission! outstanding exposure in prime North combined to total 639 sq.ft in “The space in prime High Gate location! level retail space in 2007 built Delta location. 1,457 sq.ft unfinished Newmark”. building.

VANCOUVER WEST RETAIL HISTORIC FORT LANGLEY FREE STANDING BUILDING END UNIT WAREHOUSE RARE DETACHED INDUSTRIAL 3271 DUNBAR STREET, VANCOUVER 5 9124 GLOVER ROAD, LANGLEY 1956 60 VERNON STREET, LUMBY 1 1790 KINGSWAY AVE, PORT COQUITLAM 44344 W YALE ROAD, CHILLIWACK

$799,900 $850,000 $878,000 $1,100,000 $2,088,800 High profile exposure at the corner Offering 613 sq.ft, everything has been Retail commercial building in This end unit warehouse faces directly Rare offering! Detached stand of Dunbar and W 16th Ave. meticulously designed to maximize town centre of Lumby on the main onto Kingsway Avenue with a storefront alone industrial building offering the space with 3 separate work area. commercial strip. display room and large warehouse just nearly 8,900 sq.ft! north of McLean Ave. 9 UNIT MIXED-USE DETACHED HIGH DENSITY POTENTIAL RICHMOND LAND FOR SALE GROUND FLOOR RETAIL SPACE PRIME FARM LAND 9103 GLOVER ROAD, LANGLEY 19860 56TH AVE, LANGLEY 14680 BURROWS ROAD, RICHMOND 3242 ST JOHNS STREET 2447 56 ST STREET, DELTA

$5,300,000 $3,000,000 $5,338,800 $649,900 $5,998,800

This two storey structure sits on a 13,455 sq.ft. lot, 82 feet of frontage Outstanding investment opportunity This main level, 579 sq.ft. unit has Stunning acreage opportunity in a 13,200 sq.ft freehold lot and offers out- and 164 feet of depth, this Multi- here! 4.59 Acre rectangular parcel. street front exposure, perfect for any prime South Delta location standing return for the savvy investor. Family Zoned customer-oriented business.

PARCEL ON CAMBIE CORRIDOR STRATA WAREHOUSE 23 ACRE PARCEL SOUTH SURREY LAND PARCEL STEVESTON VILLAGE 421W 59TH AVE, VANCOUVER 310 8495 ONTARIO STREET, VAN 2990 57B STREET, LADNER 4218 KING GEORGE BLVD, SURREY 100-230 12040 2ND AVENUE

$7,388,800 $1,138,800 $11,500,000 $12,998,800 $6,388,800

INVESTOR/DEVELOPER ALERT!!! 3,214 sq.ft total space including Strategically located adjacent to 90 acre parcel in ALR in excellent Total of 7 strata units (6 residential Rarely available CAMBIE 2,230 sq.ft down and approx 984 BC railway and Delta Port Highway location on King George Blvd at townhome units approx 1,040- CORRIDOR! sq.ft mezzanine up. Highway 99 intersection. 1,100 sq.ft each,1 ground level commercial unit approx. 344 sq.ft.) 604.728.2845 www.fraserelliottgroup. RE/MAX® Progroup Realty 5360 12th Ave, Delta, BC V4M 2B3 *Based on Greater Vancouver Real Estate Board Statistics total MLS sales. **For total residential and commercial commissions combined of all RE/MAX sales associates in Canada to date - Jan 1 to Sept 19 2016. A14 | LOWER MAINLAND WESTERNINVESTOR.COM | MARCH 2018 Aboriginals gatekeepers for Lower Mainland real estate FEATURE | Holding hundreds of acres of industrial and residential sites, First Nations now key players in Metro Vancouver and Fraser Valley growth

need for more employment lands By PETER MITHAM is tremendous.” and FRANK O’BRIEN To create large industrial parks [email protected] on First Nations land in Chilli- wack, various details such as land use, servicing agreements of water he three First Nation bands and sewer services and the like that now own 90 acres of would need to be worked out. Tprime real estate in Van- Tzeachten First Nation is not couver’s Point Grey – where an a developer, said James Atebe, acre of land can costs north of $20 the community’s general man- million – have not released plans ager. The majority of land is in for the site. members’ hands, and what de- The Musqueam, Squamish and Tsleil-Waututh nations velopment has occurred is largely paid a residential and commercial. total of $717 million for the land, However, Tzeachten is re- Canada Lands Co. teaming with viewing its land-use policies, and to purchase the first 52 acres from that could open the door. the federal government in 2014. This 4.7-acre industrial site in Chilliwack sold a year ago for $13.5 million, more than three times its assessed An example of how things could As there are existing leases on value. A shortage of industrial sites has the city eyeing local First Nations’ land. | ROYAL LEPAGE WOLSTENCROFT play out already exists at Tsaw- parts of the site, it is not expected wassen First Nation next door to any plans will be announced until communities, where commer- Having a land code is key for First Nations have Delta, which continues to have 2020. cial and residential development native bands considering real es- [land], and having them servicing agreements while But, as in Vancouver’s white-hot predominates, but David Jimmie, tate development opportunities, functioning as a self-governing residential sector, First Nations chief of Squiala First Nation and because it reduces the federal work with the private municipal entity within Metro are also the gatekeepers for scarce the Sto:lo Nation Chiefs Council, government’s involvement when sector achieves a lot of Vancouver under the terms of its suburban industrial land, which sees opportunity. development starts. It also pro- benefits treaty. has crested above $1.5 million per “When we look at what’s left as vides members certainty about TFN Economic Development acre. far as industrially zoned proper- what’s allowed on their land and GEOFF HEU, Corp. has 300 acres of industrial The shortage of industrial land ties, we’re maxed out,” he said of terms of reference for partners. GWL REALTY ADVISORS INC. land available for development, is even acute at the foot of Mount the eastern Fraser Valley. “So the The majority of Sto:lo com- nearly 100 acres of which is under Cheam, where Chilliwack Mayor logical next step is to look at First munities have or are developing development. GWL Realty Ad- Sharon Gaetz sees opportunities Nations land to see if there’s op- land codes, which makes them visors Inc. is developing the lar- to partner with Indigenous com- portunities there.” particularly attractive partners, gest portion, 57 acres, on behalf munities to boost the city’s indus- Squiala has approximately said Brian Coombes, president of Healthcare of Ontario Pension trial land base. 300,000 square feet of retail space of Chilliwack Economic Partners ” Plan. A total of 11 bands comprise the in its Eagle Landing development Corp., the city-owned entity that “First Nations have [land], and area’s Sto:lo peoples. While none that’s home to a Walmart and a oversees economic development The codes are reviewed regu- having them work with the private has received a formal proposal Home Depot. for the city. larly and updated to reflect eco- sector achieves a lot of benefits from the city yet, not all are closed “We’ve been able to leverage the “There’s a lot of them that have nomic planning and community both economically for the indus- to the prospect. location and develop, and gener- land codes, which is an exciting feedback. try as well as achieves objectives Chilliwack’s total industrial in- ate some revenue for it,” Jimmie first step,” Coombes said. “[It] “We are hopeful that in that for the First Nations,” said Geoff ventory is 1,295 acres and, of this, said. “We’re always looking to gives them more control in terms planning process there are in- Heu, vice-president of develop- approximately 150 acres remain explore what opportunities we can of their own planning of their dustrial opportunities that come ment for Western Canada with vacant. There’s even less in Sto:lo advance on our people’s behalf.” communities.” out of it,” Coombes said. “The GWL.■

GORD HOUWELING GREG WALTON PERSONAL REAL ESTATE CORP 604.864.1610 604.793.8660 [email protected] [email protected] www.bcfarmandranch.com www.farmrealtor.ca We sell acreages just like yours. 35+ YEARS EXPERIENCE ACREAGE SPECIALISTS FULL MLS EXPOSURE

582 ACRES, 3 TITLES COURTENAY $17,500,000 TURN-KEY GREENHOUSE PORT ALBERNI $4,250,000 POULTRY AND DAIRY FARM ABBOTSFORD $3,500,000 17 ACRES IN GLEN VALLEY ABBOTSFORD $1,690,000 39 ACRES NEAR CITY LIMITS CHILLIWACK $2,480,000 5 ACRE POULTRY FARM CHILLIWACK $2,350,000 BOARDING FACILITY FRASER VALLEY $2,100,000 425+ ACRE DAIRY CRESTON $13,500,000 264 ACRE FORMER DAIRY CRESTON $3,849,000 160 ACRE ESTATE KAMLOOPS $2,250,000 160 ACRE HORSE PROPERTY MERRITT $1,595,000 28291 0 Ave, Abbotsford $5,000,000 Exclusive Greenhouse Listings HOME & COTTAGE, 40 ACRES MERRITT $1,199,000 44 ACRE BERRY FARM WITH GREAT LOCATION! Interested in Greenhouse Operations? 40 ACRE SCENIC FARM ASHCROFT $450,000 • Great location along Zero Ave in South Abbotsford We have several exclusively listed state of the art 1 ACRE LOTS – 5 LEFT! ASHCROFT $49,900 • Approx 35 acres planted in Blueberry (3 varieties) Greenhouse Operations available in BC. 165 ACRES WITH CABIN VENABLES VALLEY $450,000 • 7 acres of Meeker Raspberries 122 LAKEFRONT ACRES 100 MILE HOUSE $600,000 • Select equipment is included in the asking price Call Greg or Gord today for further information! 55+ ACRE FORMER SHEEP FARM WILLIAMS LAKE $890,000 VIEW OVER $431,408,974 OF INVENTORY ONLINE! WWW.BCFARMANDRANCH.COM MARCH 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A15

Marketing British Columbia to the World® www.landquest.com ® 604-664-7630 • 1-866-558-LAND (5263)

FISHING / ADVENTURE LODGE SAKINAW RIDGE DEVELOPMENT RECREATIONAL ACREAGE WITH HAY COMPRESSION EXPORT BUSINESS COMMERCIAL ADVENTURE LODGE WINTER HARBOUR, BC ACREAGE - PENDER HARBOUR, BC DEVELOPMENT POTENTIAL VANDERHOOF, BC ISKUT, BC

• Bed & Breakfast / Hotel - priced right • COURT ORDERED SALE! • 65 acres only 5 mins from Tulameen, BC • Hay compression facility • COURT ORDERED SALE! • 3 lots with main lodge, guest quarters • Sunshine Coast acreage, 85.97 acres • /DUJHÀDWEHQFKRYHUORRNLQJWKHYDOOH\ • Processes hay for export to countries in • 41 acre site - no zoning restrictions • Tackle room, storage, workshop, drying • One of 3 large remaining acreages • $/5JUDQWHGVXEGLYLVLRQLQWR Asia & Middle East - incredible demand! • Features a craftsman built 12 guestroom URRP¿VKFOHDQLQJURRPVWRUDJH slated for future development two-hectare lots; great group purchase • /RFDWHGDORQJPDLQWUDQVSRUWDWLRQ lodge with 2 bdrm manager suite • Hydro, hi-speed Internet, telephone, • Services available in subdivision • Great recreational property; summer fun corridor to Port of Prince Rupert • Commercial kitchen, dining hall, pub well and septic system • Paved roads, sewer, water & phone RQ2WWHU/DNHKXQWLQJ VOHGGLQJ • 74 acres, 100 x 200 ft main building with • Garage with 2 bdrm suite + workshop • 9HQGRUZLOOFRQVLGHU¿QDQFLQJ $299,000 • $1,000,000 • $599,000 four 75 x 150 ft hay sheds. $3,495,000 • Highway exposure. $499,000 RICH OSBORNE 604-664-7633 RICH OSBORNE 604-664-7633 SAM HODSON 604-694-7623 SAM HODSON 604-694-7623 JOHN ARMSTRONG 250-307-2100 Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation [email protected] DEVELOPMENT INVESTMENT ON HORSE PROPERTY LOT 3 13.51 ACRE OCEANFRONT WITH EAGLE NOOK RESORT DUTCH LAKE - CLEARWATER, BC LONE BUTTE - 100 MILE HOUSE, BC RUTH LAKE 1+ ACRE MARINA - LUND, BC BROKEN ISLANDS - BARKLEY SOUND

• WOW! 57 acres, land use contract for 43 • 10 acres backing onto Crown land • 21.74 acres with 1,400± ft of shoreline • Oceanfront acreage with small • )XOO\HTXLSSHG¿VKLQJORGJH single family bare land strata lots • 3 bdrm, 3 bath home with full basement • Perfect for developing a personal FRPPHUFLDOPDULQDZLWKLQ/XQG+DUERXU • West coast of Vancouver Island • Power, telephone & municipal water to • 2 car garage, big windows, views of the sanctuary or a family retreat • /LFHQVHGVHDIRRGSURFHVVLQJIDFLOLW\ • 23 room, 17,500 ft2 main lodge property; 1,600 ft of useable lakefront horse pasture from the main level • Zoned Rural Residential 1 • /DUJHRZQHU¶VUHVLGHQFH • 2 log cabins and marina • 0DJQL¿FHQWYLHZVRI'XWFK/DNH • Container building, hay shed & lean-to • Year-round access, general store nearby • Multiple rental homes & RV park • 70 acres of land Clearwater River and mountains • Post & rail paddock fencing, barbed-wire • 7KLVDUHDZDVQRWDIIHFWHGE\WKH¿UHV • 2QHRI%&¶VPRVWVRXJKWDIWHUGHVWLQDWLRQV • 2 miles of oceanfront • Mostly treed, mature stands. $750,000 perimeter fencing. $379,000 lots of lush green and trees. $339,900 • $2,500,000 • $5,495,000 JOHN ARMSTRONG 250-307-2100 ROBBI-LAYNE ROBERTSON ROBBI-LAYNE ROBERTSON JASON ZROBACK 1-604-414-5577 JAMIE ZROBACK 1-604-483-1605 [email protected] 604-351-9417 [email protected] 604-351-9417 [email protected] JAMIE ZROBACK 1-604-483-1605 JASON ZROBACK 1-604-414-5577 THE SATURNA LODGE PACIFIC OUTBACK RESORT NEW COTTAGE AND 2 LOTS 243 AGRICULTURAL / RECREATIONAL RIVERS LODGE SATURNA ISLAND, BC HANSEN ISLAND, BC DEKA LAKE - SOUTH CARIBOO ACRES WITH TIMBER & EXISTING FIELD RIVERS INLET, BC

• Well established in the Southern Gulf Islands • JXHVW¿VKLQJORGJH • 2 side by side lots 0.47 acre each • Rural Fort St. John, BC • Established lodge in renowned location • 5,200+ ft2 oceanview lodge • 2.57 acres with shoreline boardwalk • [IWFRWWDJH¿QLVKHGWRORFNXS • DFUHRDW¿HOG • )ORDWLQJORGJHZLWK)RUHVKRUH/HDVH • 3 levels fully furnished & equipped • Northwest coast Vancouver Island • 200 amp electricity avail for cottage / RV • Existing home site and foundation • Protected in a Secluded Bay • 7 guest rooms, Mill House Restaurant, • Main lodge, stainless kitchen • Storage shed & outhouse included erected on the property • Improvements & equipment included EDUNLWFKHQRI¿FHJXHVWORXQJH • Bar, dining room, 16 double rooms • Quiet treed privacy, endless Crown land • Excellent hunting opportunities • Accommodation for 24 guests • Beautiful terraced gardens & lawns. • Two 4 and two 8 guest cabins • )HZEORFNVWR'HND/DNHDFFHVV • Gently sloping hills, large tracts of aspen • Turnkey operation • Potential for growth . $795,000 • $1,090,000 • Year-round resort area. $110,000 • $350,000 • $1,100,000 DAVE COCHLAN 604-319-1500 DAVE COCHLAN 604-319-1500 WENDY PATTEN 250-718-0298 CHASE WESTERSUND 778-927-6634 LIAM REIFEL 604-655-9370 [email protected] [email protected] [email protected] [email protected] [email protected] LAKEFRONT HOME CHARMING HOME & ACREAGE LAKEFRONT CAMPGROUND PROPERTY INVITING ALBERNI VALLEY THOMPSON RIVER ESTATES ALEXIS LAKE, BC KISPIOX RIVER KALUM LAKE - TERRACE, BC FAMILY FARM SAVONA, BC

• 10 secluded / partially cleared acres • 4,700 ft2 home near Smithers, BC • 159 acres mostly in production • 159 acres mostly in production • Between Kamloops and Cache Creek • 700 ft of private lakefront with dock • 82 acres with ¾ of a mile river frontage • Irrigated and drained • Irrigated and drained • 4 hours from Vancouver • 3,420 ft2 main home (off-grid) • Horseback riding, organic farming, • 100+ ac-ft licences • 100+ acre-foot licences • Over 4 acres of bare land • 2 additional rustic cabins hobby farm, cross-country skiing, trails • 2 nice homes • 2 nice homes • Surrounded by year-round recreation • Easily accessible with road access • Successful B&B business & much more • 50,000+ ft2 barns, sheds etc. • 50,000+ ft2 barns, sheds, etc. • Build your dream getaway • 3ULPHORFDWLRQIRUKXQWLQJ¿VKLQJ • *UHDW¿VKLQJZLWKVRPHRIWKHODUJHVW • 15 min from Port Alberni • 15 min from Port Alberni • 250 hours of sunshine per month from • $279,000 steelhead river-runs. $1,199,000 • GREAT VALUE $2,995,000 • GREAT VALUE - $2,995,000 April to September. $98,000 LIAM REIFEL 604-655-9370 MARK TURNER 604-768-9889 MARK TURNER 604-768-9889 KURT NIELSEN 250-898-7200 ROB GREENE 604-830-2020 [email protected] [email protected] [email protected] [email protected] [email protected] PONDEROSA RESORT - DESIRABLE FAMILY HOME WITH LARGE SHOP & LAKEFRONT LOG CABIN COMMERCIAL BUILDING PRIME RV PARK SITE / 57 ACRES OF LIFESTYLE - CANIM LAKE, BC INTERIOR ACREAGE - WILLIAMS LAKE ALEXIS LAKE, BC NEW DENVER, BC FLAT COMMERCIAL LAND - WASA, BC

• %HDXWLIXOORJKRPHUHVLGHQFHRI¿FH • 5 private acres in prime location • Recreation retreat with total privacy • Restored heritage building on main strip • DFUHVRIÀDW FRPPHUFLDOO\]RQHG • 25 RV sites, 3 cabins, 8-plex condo • Well landscaped & partially treed • 1.98 partially cleared acres w/ road access • Upper 2 bdrm suite / large fenced yard • Water & power in place • 7.4 acres with 650 ft of prime sandy • Main residence - 2 bdrm, 2 bath rancher • /DNHIURQWSURSHUW\DGMDFHQW&URZQODQG • *URXQGÀRRUVSDFHOHDVHGDVSKDUPDF\ • Septic study positive for 100+ RV sites gravely beach and crystal clear water • Additional guest cottage • Off-grid 2 bedroom log cabin • Ideal mortgage helper / lock & go • /RFDWHGQH[WWR:DVD LWVDPHQLWLHV • Parklike treed property, sweeping views • Fully equipped 40 x 50 ft machine shop • Includes: dock, woodshed, & root cellar recreational property or future :DVD/DNHEHDFKHV WKH3URYLQFLDO • *UHDWERDWLQJ¿VKLQJRQPDMHVWLFODNH • Potential business opportunity • Prime location w/ opportunity to explore live-work space Park • Group purchase opportunity! $1,299,000 • $525,000 • $88,000 • $249,900 • $699,000 MARTIN SCHERRER 250-706-9462 FAWN GUNDERSON 250-982-2314 FAWN GUNDERSON 250-982-2314 MATT CAMERON 250-200-1199 MATT CAMERON 250-200-1199 [email protected] [email protected] [email protected] [email protected] [email protected] A16 | LOWER MAINLAND WESTERNINVESTOR.COM | MARCH 2018

in Toronto or Vancouver than any- B.C. | WHAT’S HAPPENING What it costs to build where else in Canada. For example, a high-end custom house in Toronto Construction cost per square has per-square-foot construction Chevron shortens bids for Kitimat plant foot for a retail strip mall costs of $900 per square foot and City Cost range psf it reaches $1,000 per square foot in Vancouver. This compares with Vancouver $105 - $155 Montreal, at a maximum of $700 per Toronto $105 - $170 square foot, and Halifax at $600 per square foot. Montreal $95 - $160 The price spread is also pro- Calgary $100 - $145 nounced in the condominium sector. In Vancouver, for example, Altus Winnipeg $105 - $150 Group says construction costs for a HARD CONSTRUCTION COSTS ONLY higher-quality four-storey, wood- SOURCE: ALTUS 2018 CANADIAN COST GUIDE frame condo building would peak at $250 per square foot. This compares A high-quality 2,000-square-foot with $195 per square foot in Toronto detached house would cost up to and $175 or less in nearly every other $460,000 in hard construction costs city in the country. to build in Vancouver and $420,000 The Altus cost estimates are for in Toronto, but around $300,000 in hard construction costs only and Montreal, Calgary or Halifax, based do not include land values, or any of on the Altus Group Canadian Con- the soft costs, including profit, as- The LNG Canada site: shortlist down to two groups to build liquefied natural gas plant in Kitimat. struction Cost Guide 2018. sociated with completing a project. | SUBMITTED Commercial construction costs Altus did not provide an explanation are not as out of line, but are slightly why construction costs would vary NG Canada, a group led director of external relations. But before Chevron and its higher in Vancouver than in the rest from one jurisdiction to another. by Chevron Canada, has The announcement came just partners make a FID – ex- of Canada. Lshortlisted two inter- days after B.C. Premier John pected in the second half of For example, the hard construction national consortiums for the Horgan returned from Asia, this year – they need Ottawa to cost for a Class A five-to-30 storey CRE investor guide design, procurement and where he met with a number exempt the project from trade office building in Vancouver ranges construction of its proposed of the companies involved in duties on prefabricated steel from $270 to $340 per square foot. coming in April liquefied natural gas plant in the consortium. from China and Spain, or the This compares with $220 to $290 Western Investor will publish its Kitimat. In 2016, LNG Canada delayed project may be a no-go. per square foot in Calgary and Ed- second annual Commercial Real Es- LNG Canada announced a final investment decision Any savings the company monton. The price for such an office tate Guide for investors this spring. February 2 that it has short- (FID) and its lead contractor might realize through a second building in Toronto ranges from $210 The Guide, which highlights in- listed two major international cancelled the bidding pro- bid process could be blown to $315 per square foot, according vestment opportunities across engineering and construction cess for prefabricated LNG out of the water by duties that to Altus. Western Canada, includes com- consortiums for the design, modules. Canada applied to prefabricat- Industrial and retail buildings are mentary from a dozen real estate procurement and construction The company went back to ed steel imports last year. Im- slightly more expensive to build experts. It also carries features on of an LNG plant in Kitimat. the drawing board and asked ports of fabricated industrial in Vancouver than in other major the top multi-family markets to These are U.K.-based Technip fabrication yards in Asia to steel components from China cities. consider in 2018 and a report on the FMC PLC (with KBR Inc. the come up with some better and Korea could be hit with 45 The annual Altus construction Alberta recovery. LNG B.C. contractors); and prices, in an effort to get cap- per cent dumping duties. cost report, released in January, also The Guide will be unveiled at the Japan’s JGC Corp. with Can- ital costs down. LNG Canada and a number shows that prices for quality cus- Vancouver Real Estate Forum this ada’s Fluor Corp. The project would have a of other companies have ap- tom-built houses are much higher April. ■ “I think the fact that we are total capital cost of about $40 plied for a judicial review of at this second shortlisting is an billion, including the LNG the duties. But that is not likely indication we are serious about plant in Kitimat, a new gas to even be heard until 2019, LNG Canada is aiming for 2024 will take five years to build, Pierce doing this thing,”said Susan- pipeline and upstream natural which could delay a final in- to be in production. Once an FID is said. ■ nah Pierce, LNG Canada’s gas assets. vestment decision. taken, it is expected the full project – Nelson Bennett, Business in Vancouver

REAL ESTATE GROUP

Based on 2016 MLS Statistic Report

2062DEVELOPMENT LAWRENCE SITE AVENUE PENTICTON 3202 28TH AVE, VERNON BC 12700 BELL STREET, SUMMERLAND 5126 9TH AVE, OKANAGAN FALLS

WALMART SUPERCENTRE

UNDER CONTRACT

EXCLUSIVE $5,495,000.00 MLS® $2,200,000.00 MLS® 170092 $1,100,000.00 MLS® 168709 $1,470,000.00 ++ Prime 3 bedrooms 3.07 acre and commercial flex room propertyabove located opposite + Prime Downtown Vernon commercial property + 6 Plex plus large 4 bedroom house + 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 .54 Acres + Prime location in Summerland, room for expansion heart of Okanagan Falls ++ Zoning High Quality for mixed finishes high densityand beautiful residential exterior and + Long term leaseback + Six 2 bedroom units in immaculate condition + Ideal location for condo or multi-family project + commercial Large fenced development backyard approved for 282 units & + NOI $157,000 CAP 7.145% + Call Listing Representativew for more infor + Just 10 minutes South of Penticton, views of 29,000 sqft of commercial space Skaha Lake 163 CLEARVIEWPENTICTON ROAD & THE SOUTH OKANAGAN10513 GAYTON MARKET STREET IS IN PLAY STRIP MALL IN PENTICTON, BC Multi - Family development land at $17,000 per door Zero vacancy in residential rentals Over half a billion dollars in infrastructure construction Booming agricultural industry The best climate & most desirable small city in Canada

MLS® 158909Affordable $319,000.00 MLS®housing 158603 $189,900.00 EXCLUSIVE $3,100,000.00 RE/MAX PENTICTON REALTY + Highest quality construction WE HAVE +IT 2 bedroom ALL! plus family room home + 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 + 3 bedroom 3 bathroom with double garage + Double french doors open onto private backyard + FullyPrime developed location in daylight Penticton’s basement premiere business district adajacent+ Fully developedto major shopping daylight centrebasement OWNED & OPERATED + Short walk to the village and ski lifts + Huge front yard allowing for lots of privacy + LargeFully Leased, covered N.O.I. veranda of $188,000 with park views + Large covered veranda with park views 101 - 3115 SKAHA LAKE ROAD, + Stainless steel appliances CONTACT GREEN REAL+ Located ESTATE on a GROUPno-through road in Summerland + StunningCurrent zoning quality is withC3 and detached C4 which garage allows for a mix of residential+ Stunning and commercialquality with usedetached garage PENTICTON, V2A 6G5 MARCH 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A17

Richard Podgurski 27491 FRASER HIGHWAY, ALDERGROVE B.C. MARPOLE VANCOUVER Cell: 604.961.5665 Exceptional opportunity to purchase 2.5 Acres of C-3 Zoned Commercial [email protected] Masters Realty Property located in the heart of Aldergrove on the Fraser Hwy near the www.expertrealty.ca Abbotsford/Langley Border. Easy access to all major transportation routes (Hwy 13-Lynden USA Border: Hwy1). High Traffi c fl ow area, schools, GAS STATION & STORE commercial, industrial, retail businesses, coffee shops, restaurants, pubs, shopping and malls all nearby. For over 30 years the subject property has Gas Station & Store had an established family operated retail garden centre. There is opportunity for future business growth as Aldergrove and the surrounding 31 unit apartment block with separate Restaurant areas grow residential neighbourhoods. Property has two road frontages. 2 - two bedrooms / building + residence building for staff 28 - one bedroom / 1 bachelor or owner located on major highway. $5,700,000 Subject property may have Future Development Potential. Price $11,800,000 Great exposure and Peter Nishihama, B.Sc. For information contact well established business. Edward Cheung, MBA Very profi table. Cell: 604-353-7383 Personal Real Estate Corporation Direct: 778-889-2768 Email: [email protected] Email: [email protected] Offered For $1,188,000

Vancouver Office: 604 683 7535 TF: 1 866 717 6989 Langley Office: 604 534 7974 TF: 1 800 890 9855 naicommercial.ca Realizing Potential, Delivering Results.

Looking for experienced commercial agents! NAI Commercial is a full service commercial M-1 Industrial Land & Buildings brokerage looking to expand our team! 2900 Pooley Avenue, Merritt, BC ‚ 4th most recognised commercial real estate firm in the world. ‚ 6.04± acres on the corner of Pooley Ave & Nielson St ‚ 6,648-sf main building, including 3,920-sf maintenance ‚ 5 offices in British Columbia, 400 offices and shop with approximately 24 ft ceiling height 7,000 local experts around the globe. ‚ Reinforced poured concrete foundation, with overhead 3 Call or e-mail to find out more: ton rail crane, large vehicle hoist, lunch room & bathroom Mixed-Use Development Site For Sale Asking: $1,550,000 Rob DesBrisay Chris Langhaug 604 691 6602 | [email protected] 9151 Alexandra Road, Richmond, BC 604 240 6224 | [email protected] ‚ 1.923 acres (83,766 SF) ‚ Adjacent parcels also listed for sale Development Site For Sale ‚ Potential to achieve 1.8 FSR Westside Development Site ‚ Directly across from new Central Mall at Garden City ‚ C-2 Commercial zoning ‚ Featured retailers at Central Mall include Walmart Rental Apartment Supercentre, Marshalls and Bed Bath & Beyond ‚ 30,440 sf buildable Development Site Asking: $19,800,000 Asking: contact agent Merritt, BC ‚ Proposed 78 unit apartment site with great views Rick Lui* 604 644 6182 | [email protected] ‚ Merritt needs rental units now! Apartment, Warehouse & Land ‚ Minimal off sites required Conor Finucane* 604 691 6604 | [email protected] ‚ Full services in street at front Two Apartment Buildings 2222 Balsam Avenue ‚ Zoned and ready for Development Permit application Steven Chen Kamloops, BC Quesnel, BC Asking: $1,450,000 (Approx. $18,500 per door) 604 691 6634 | [email protected] ‚ 72 units total ‚ 4 acres, 14,000 sf Asking: contact agent ‚ Holding income Asking: $900,000 Three Suncor Sites Interior BC Wal-Mart Excess Lands Business For Sale ‚ 18,500 sf Quesnel, BC Ace Hardware, Cloverdale, BC Full Assembled Site For Sale ‚ 28,000 sf ‚ Five acres ‚ 5,492 sf in prime location ‚ 21,500 sf Seventh Street & Fourth Avenue, New Westminster, BC Asking: $1,750,000 ‚ Improvements and equipment valued at $117,000 Asking: contact agent ‚ Inventory included $265,000 ± ‚ 11 lots*, 57,760 SF zoned C-3 (High-Rise), 5.2 FSR ‚ Confidentiality agreement required ‚ * Listed by NAI Commercial Listed for Sale

Asking: $499,000 Asking: $31,580,000 Peter A. Seed, BA. DIPL. TECH Ted Weibelzahl 604 514 6825 Conor Finucane* & Jesse Godin 604 691 6608 Toll-Free: 1 800 890 9855 [email protected] 604 691 6604 | 604 691 6636 | [email protected] [email protected]

Businesses For Sale 2018 Businesses For Sale

Automotive Repair - Franchise Resale, Vancouver, BC $750,000 + Inventory Laser Equipment Distributor, Relocatable Contact Agent Automatic Door Company & Property, Lower Mainland, BC $1,185,000 Supermarket & Outdoor Store - Includes real estate, Quesnel, BC $749,000 Specialty Transport Business, Major Metropolis City, BC $2,750,000 Professional Landscaping Company, Sea to Sky Corridor, BC Under Contract Automotive Repair - Business & Property, White Rock, BC $1,135,000 Home Improvement Contractors, Lower Mainland, BC $275,000 Will Your Business Be Ready To Sell When You Are? For a Confidential Consultation, Contact: Architectural Millwork & Cabinetry, Surrey, BC SOLD

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

*All asterisks indicate Personal Real Estate Corporation A18 | LOWER MAINLAND | SERVICES WESTERNINVESTOR.COM | MARCH 2018

BEST RECYCLE HHazelmereazelmere BUSINESS FRANCHISE RRVV Park!Park! NEED MONEY? Tremendous demand. Patent guarantees huge profi tability 32.314 Acres zoned Tourist Accommodation.18.814 Acres NOT in the ALR, and 13.5 Acres in the ALR. 196 from tipping fees and Pad RV sites, 3 cabins, 2 RV units & overfl ow camping. end product sales. Great Property. Great Revenue! MLS C8014675

Clean, effi cient and ODOR - FREE. GARY HOOGE Personal Real Estate Corporation Ray Lewis [email protected]@remax.net 604-812-9733 6604-533-349104-533-3491 E-mail: [email protected] Treeland Realty wwww.garyhooge.comww.garyhooge.com

Commercial Property Financing We fi nd you the fi nancing you need. Our team has decades of experience with ALL types of commercial real estate:

APPLY NOW at FREEDOM CAPITAL.COM

Commercial Real Estate Awards of Excellence

The NAIOP Vancouver Chapter, in partnership with REGISTRATION NOW OPEN! Business in Vancouver is delighted to present the 2018 May 17, 2018 | The Fairmont Waterfront Commercial Real Estate Awards of Excellence. This event will recognize excellence in commercial real estate within the Sponsorship opportunities available! Metro Vancouver area for the 2016 and 2017 calendar years. Contact Chris Wilson at [email protected]

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

GO2PRODUCTIONS Ž THRLP[NYLH[

Visit www.biv.com/CREA to register. MARCH 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A19

VISIT MY NEW WEBSITE Swarn Sekhon Sutton Group West Coast 604-612-7911 PERSONAL REAL ESTATE CORPORATION SONIADHALIWAL.COM Specialize in Commercial, Industrial Development CHERRY ORCHARD WITH HOME MULTI-FAMILY SITES 10 ACRE ORCHARD WITH 3 HOMES www.swarnsekhon.com Email: [email protected] 5441 Snowbrush St, Oliver BC Lower Mainland and Okanagan 745/747/749 Cornish Road, Kelowna BC GREENHOUSE FOR LEASE 3.5 acre cherry orchard with large Looking for Langley 272,000 sq.ft. greenhouse for lease with all farmhouse. Top quality cherries in a great TOWNHOUSE or equipment in place and ready to go. Fully covered. low frost location, full line of equipment, Only couple of blocks away from town. Call for details cold storage unit. The house has three CONDO sites  Apple Orchard - Ambrosia & Honey Crisp BUSINESS FOR SALE  Flat land, quiet setting yet centrally located large bedrooms upstairs and a full in the Lower Mainland • 2 Restaurants for sale  Near HWY 33 shopping, recreation & UBC basement awaiting your fi nishing ideas. • UPS store for sale and Okanagan  All dwellings on property are legal! • High class catering business for sale RE/MAX 2000 Realty Ltd. | 103-15127 100 Avenue Surrey, BC V3R 0N9 • Jewelry store sale • Ready made clothes business for sale METROTOWN $5,900,000 COMMERCIAL/INDUSTRIAL • 2000 sq.ft. office in Surrey - $699,000 SOLD • 2800 sq.ft. with high visibility - $1,050,000 • 1000 sq.ft. office space in Surrey - $449,000 • 1881 sq.ft. warehouse in Surrey • 3500 sq.ft. commercial $7000 gross lease for 5 years. FOR LEASE Burnaby C4 mixed use, 100% leased • 1100 to 2300 office, retail commercial for lease with high visibility $17.50 per sq.ft. plus NNN WANT MORE LIKE THIS??? • 1200 sq.ft. fully furnished office for lease in Surrey Buyer REP Program • 3500 sq.ft. warehouse for lease in Surrey NEW • 2300 to 25,000 sq.ft. warehouse for lease in Surrey Call for details: Don Ellis, RI 604-442-3911 • 1000 to 2000 sq.ft. for lease in Surrey [email protected] PLEASE CALL ME IF YOU HAVE ANY QUESTIONS SWARN SEKHON 604-612-7911

Genuine, rare, profi table, recession proof consumer goods retail business, well located 20,000 sqft in Lower Mainland, good lease, easy to operate. Unlimited potential. Excellent ROI. Investment approx. $4.5 million incl. $1.5M inventory. Owners retiring. NDA & proof of funds required. Brokers Welcome

34 ac. blueberries farm in Cloverdale, new 6000 sqft duplex, 5000 sqft shed. Rental income $200K. Absentee run. Young crop. Corner highway location. Offered at $5.95M. [email protected]

NORTH BURNABY DEVELOPMENT LARGE RETAIL BUILDING IN 604.420.2600 ■ 5509 Hastings Development site 133 x 133 CORDATA CENTRE - BELLINGHAM, WA londonpacific.ca (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 7.6 ACRES OF HIGH / LOW RISE DEVELOPMENT LAND residential suites & 5 ground fl oor retail ■ 12 Retail Commercial Units in Strip Mall plus units $9.5M an Expansion possibility for 27 Residential Purchase any of several new Studio Apartments. TRUCK RENTAL / MOVING BUSINESS $3.995M USD land assemblies BUCKINGHAM located in the heart ■ Downtown location near Main & Terminal COQUITLAM WEST of Port Moody. ■ Est. 1999, 30 trucks, 12,000 sf leased DEVELOPMENT SITE FOR SALE property at $14K/mo, sales $850K/yr Avg ■ EDINBURGH ■ “Dysco” 295 Terminal Ave, Vancouver $299K RM-3 Multi-Storey, Medium Density “BUCKINGHAM” Development Opportunity / Land Assembly High-Rise Residential East of Lougheed Highway and North Road. Approx. 136,913 SQFT LA PAZ MEXICO DEVELOPMENT SITE ■ Located along major transit nodes near new ■ 71 Acre development site overlooking Evergreen SkyTrain core + shoulder zone. “EDINBURGH” Downtown La Paz and Costa Baja Marina ■ OCP allows for a medium density Ioco Rd www.6717000.com/lapaz $4M USD development, 2.45 FSR 7-8 stories (15 Low-Rise Residential Approx. 95,626 SQFT homes assembled) to date. WINDSOR SQUAMISH DEVELOPMENT SITE www.quadling.ca Call for price “WINDSOR” ■ 170 Acres, in 2 phases, 10 minutes North GIBSONS DEVELOPMENT SITE Barnet Hwy High-Rise Residential of Squamish, left at Alice lake turn off. ■ 895 Gibsons Way, Cedars in Hotel and SkyTrain ■ Phase one (Lower Lands) 104 acres, Approx. 100,407 SQFT Convention Centre on a 62,000 sf lot Station approved for 82 lots. Project has an ■ 909 Gibsons Way, Gibsons Cinema, equestrian theme. SELLER SAYS SELL! Grant L. Gardner* 30,000 sf lot [email protected] www.6717000.com/squamish $16M ■ Total land size 92,000 sf $7.5M SITESTES Dean Andag* [email protected] LES TWAROG (604) 671-7000 Jerry Lee [email protected] [email protected] 1428 W 7th Ave. Vancouver, B.C. E & O.E.: All information contained herein is from sources we deem reliable and, while thought to be correct, is not guaranteed CrestCre Realty by London Pacific Property Agents Inc. *Personal Real Estate Corporation (Westside)(W To view listings please visit: WWW.6717000.com/biz A20 | LOWER MAINLAND WESTERNINVESTOR.COM | MARCH 2018 Manufactured homes the last stand for affordability FEATURE | Lower-cost housing also delivers healthy capitalization rates and appreciation potential for investors in manufactured home parks

the rules that is unique to manu- By WI STAFF factured homes – this change ap- [email protected] plies to all property types.” “The overwhelming majority of mortgage lenders financing anufactured home parks are offering envious mobile homes [from chartered capitalization rates and banks, credit unions or mortgage M finance companies] require mort- cash income for park owners, but a series of government measures gage insurance. This mortgage is making it tougher for those who insurance is required in just shy own the affordable manufactured of 100 per cent of transactions homes. involving a mobile home,” noted “There is strong demand for Dustan Woodhouse, a mortgage the parks,” said Bill Summers of broker with Dominion Lending Lighthouse Realty Ltd. of Abbots- Centres in Coquitlam. ford, who lists and sells manu- The Manufactured Home Park factured home parks across B.C. Example: this manufactured home park in Clearwater, B.C., has 22 rental pads and a log home on 17.6 Owners Alliance of BC (MHPOA) and Alberta. acres, and is listed at $1.18 million. | LIGHTHOUSE REALTY LTD. adds that a change to rent control Summers said cap rates can legislation also adversely affects run as high as 6 per cent in rural in the B.C. Interior for $1.95 mil- pads and 13 RV sites, for $1.65 There are approximately 183,000 both park and individual home areas and around 5 per cent in lion and has a sale pending on a million. owners of manufactured homes owners in B.C. Kamloops, the Fraser Valley or 21-pad park in Clearwater, B.C., in Canada and nearly all of them This is the end of fixed-term Vancouver Island. This compares at $1.18 million. have been banned from accessing leases with move-out clauses. with residential multi-family in- His listings include an upscale, Affordable living refinancing of their mortgaged Under this agreement, tenants vestments that often have cap- 17-acre, 142-pad park in the Fra- homes, brokers say. must either move out or sign a new italization rates in the 3 per cent ser Valley with an asking price of Summers said typical tenants Last year, the federal govern- lease at a reassessed market rental range. $8.5 million. in today’s parks are seniors who ment outlawed refinancing for rate, usually higher than the 4 per Summers said demand for the Here are examples of other re- are selling a conventional urban all homeowners with an insured cent annual rental increases al- parks extends from mom-and- cent manufactured home park house and paying cash for a qual- mortgage. lowed under the Residential and pop buyers looking for a retire- listings, some still active, to give ity manufactured home in a rural The federal government banned Manufactured Home Park Ten- ment investment to real estate an idea of prices and potential. community, and often an RV, for the three main insurers in Canada, ancy Acts. investment trusts and pension ■ A 34.5-acre park in Fort St. John, retirement. Canada Mortgage and Housing “By closing this loophole, rent- funds searching for larger parks. with 70 home pads and 14 RV Such buyers would be paying as Corp. (CMHC), Genworth and ers will know they’ll be able to There are also existing park pads, is offered by Klein Group little as $300 per month for their Canada Guaranty, from backing stay in their homes without the owners hoping to add to their for $3.75 million. It is grossing ap- pad rental in small towns of B.C. any kind of residential refinance threat of skyrocketing rents,” existing portfolios, he said. proximately $340,000 per year. or on the Prairies, and up to $650 transaction. said B.C. Housing Minister Sel- The problem is inventory, he ■ A manufactured home park is up per month for pad rentals closer to “As a result of Department of ina Robinson. said. for sale in Rock Creek, in B.C.’s big cities, he said. Finance changes, government- “This is not a loophole,” argued “People are hanging on to Kootenay region. It has 15 pads But recent federal mortgage backed mortgage default insur- Al Kemp, executive director of them,” Summers said, because and a 9.1 per cent cap rate, offered changes and B.C. rent control ance is no longer available for MHPOA. Kemp noted such agree- of the steady cash returns and at $549,000 by Klein Group. legislation are taking some of the refinancing properties of any ments are often needed to provide potential appreciation. ■Mt. Sentinel Realty Ltd. has listed advantages off the table for those type,” explained Jonathan Roton- temporary rentals for vulnerable Summers recently sold a 46- Saskatchewan manufactured home looking to manufactured homes as do, a senior media relations officer people and for tenants who need unit park on 16 acres near Barriere park with city services, 53 home an affordable housing alternative. with CMHC. “There is nothing in to rent only for a short period.■

Mobile Home Parks for Sale MOBILE HOME PARKS Sparwood BC Elk Valley Mobile Home Park TERRACE, B.C. Kindersley, SK – 72 MH & 59 RV pads .....4,700,000 Park Owners thinking of selling and looking for a market evaluation of your park? Give me a call to discuss A PPLACELACE TOTO CALLCALL HOMEHOME McKenzie, BC – 113 pads, 17 ac ...... 3,250,000 options. I have qualifi ed buyers looking to purchase. Oak Bay, NB – 64 pads, 16 ac ...... 1,675,000 Other Parks available or coming soon: Coming soon - Shuswap 25 plus pad seniors park Rosemary, AB – 57 pads, 9 ac ...... 1,300,000 on city services. 7555 Highway 43 Tumbler Ridge, BC – 48 vacant strata pads ...900,000 - Barriere: Newer 46 park on 16 acres. Ask $1.95M. (SOLD FIRM) * 17 acres with city water and sewer to the property line - Clearwater - 21 pads plus home. $1.185M (Sale * Good cash fl ow and great upside potential Shaunavon, SK – 17 pads, 3.66 ac ...... 645,000 Pending) * 52 occupied pads HarryH Jesse - 36 pad park on 130 acres. Asking $1.7M $1,990,000 TollT free: 1-888-251-2822 - Alberta Parks – City serviced 65 pad park- Under DirectD Line: 604-302-3771 $4M at 6.5% cap Little Acres Mobile Home Park Fax:F 1-888-804-1394 - 8 pad park city serviced. All owner occupied units. * 15 Pads, 5 park owned homes WebW site: www.mobileparks.com Absentee owner. Tenants pay all the utilities. No * Paved road, all electric services 100 amp. Email:E [email protected] manager required. Net $19,755 for 2018. Price $300K Park is 2 acres $525,000 fi rm for a 6.6% cap rate. Very low rents at present. Homelife Glenayre Realty - Fraser Valley RV Campground: Beautiful level, 6210 Lower Elk Valley Road forested 17 acres, 142 sites (85 plus are long term customers) plus group sites, two cottages, Elkford BC residence/offi ce/store, outdoor pool and rec room, shop and equipment. Asking $8,500,000 with Carling Place, 25 Cariboo Drive steady cash fl ow income to justify. ADVERTISE WHERE * 20 pads on 4.67 acres WATERFRONT - HARRISION HOT SPRINGS * Town water, sewer & garbage 1.1 acre MHP in TERRACE BC INVESTORS ARE LOOKING * Strong Economy with prices rising 9 pads with long term tenants $780,000 Fully landscaped with Over $40K gross income Champlain Place, 35 Cassiar Drive 2012 16x72 modular and 600 sf heated * Low Maintenance, 28 pads on 6.97 acres shop for owner or rental * Town water, sewer & garbage ASKING $699,000 Fantastic ½ acre level waterfront home 1.5 hours * Room to expand, 100amp. service Call or email Dave Materi for info package from Vancouver on beautiful Harrison Lake. 200 ft. $1,100,000 beach with docks and launch. Too much to list so go Call DAVE MATERI PREC to website for info and drone footage. Asking 2.39M Rick Pater RE/MAX Coast Mountains Terracerrace Broker / Owner 604.669.8500 BILL SUMMERS 250-615-7225 Direct Line: 604-626-8894 250-425-5432 Elk Valley Realty TOLL FREE 1.800.661.6988 1-250-425-7711 Independently Owned bsummers@telus.net [email protected] WESTERNINVESTOR.COM [email protected] and Operated www.sellingmobilehomeparks.com www.sparwoodrealestate.ca www.Davemateri.ca MARCH 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | A21

HHIGHI G H LLEVEL,E V E L , AALBERTAL B E R T A FFOROR SSALEALE - WWHOLESALEHOLESALE LIQUIDATIONLIQUIDATION 6622 LLOTSOTS IINN MMOBILEOBILE HOMEHOME PARKPARK 220%0% CCAPAP POTENTIAL!POTENTIAL! * 62 vacant lots of 82 lot bare land strata mobile home park * Vendor has other interests / park package priced to move Sales, Management, DOMINIC FUNG * Historically lots rented at $360.00 per month [email protected] * Do the work and there is great upside. Project Marketing * Courtesy to Brokers 604604-729-3117-729-3117 Located next to schools and shopping. Regional hub for Northwest Alberta with air service and COMMERCIAL PROPERTIES FOR SALE the regional hospital. REDUCED $699,000 Call for more details • CHINATOWN HA-1A DEVELOPMENT SITE Approx. 6075 SF at corner of Georgia St. and Gore St. Existing 36 GGordonordon GreenGreen 6604-727-709504-727-7095 rooming house and Chinese herbal store. Booming area for new [email protected]@hotmail.com development. Asking $13.6 Million CHILLIWACK AVIATION PARK - UNITS FOR SALE • MOBILE HOME PARK BUILDING “C” IN CONSTRUCTION - OCCUPANCY IN MAY 63071 Flood Hope Rd., Hope O- withL 31 Dpads, 2 homes, 4.9 acres land SIX CUBE HANGARS EIGHT AIRCRAFT PARKING LOTS SPECIFICATIONS and near city centre. PricedSSOLD to sell $1.425 Million Three sizes Four sizes - 65’x44’ - 60’x44’ • 17’ High Ceiling • 65’X44’ - 60’X44’ - 55’X44’ - 55’x44’ - 50’x44’ • 45’x15’.6” to 55’x15’.6” • VERNON COMMERCIAL Bi-fold doors with openers 6365 Highway 97, Vernon. Land 1.48 acres. Building around 15 yrs. old • Rough in plumbing for and approx. 8000 SF include showroom and service bays. Stable tenant toilet and sink & potential. $2.5 Million • Man Door to each unit • Gas and Hydro • Ample parking & • OCEAN FRONT RETAIL washroom facili es 14985 Marine Dr., White Rock, B.C. with one storey building and 4499 SF. land. Zone CR-3. Potential for Commercial and Residential wwww.chilliwackaviationpark.caww.chilliwackaviationpark.ca Development. Priced to sell Reduced $2.65 Million FFOROR INFORMATIONINFORMATION CallCall : 6604-991-720004-991-7200 OORR 6604-793-593804-793-5938

Robert Lacerte

Cell: 604.991.8250 Cell: 604.845.7355 Commercial | Investments | Foreclosures [email protected] [email protected] Nyda Realty, Chilliwack FOR SALE 604.858.7179 2829 - 4500 Kingsway, Burnaby BC 11,596 sq. ft. Strata Unit Leased by HSBC Asking Price: $10,500,000

51076 Falls Court 45540 Yale Road 2.27 acre Development 4.5% Cap Property Provincial Government tenant, FOR SALE - By Court Order FOR SALE - By Court Order Located at The Falls Golf Course, an 10384 sq. ft. concrete block 525 Haliburton Street, Nanaimo BC 225 Terminal Ave, Nanaimo BC exclusive resort community, gently building on 1.15 acres. (Formerly Patricia’s Pub) 3300 sq ft Single Storey Retail sloping lot with majestic city light 4 years left plus a 5 year option. 18,480 sq ft corner lot Water views 5994 sq. ft lot in Downtown location and mountain views. Completely renovated to current Accepted Offer - Court date pending Accepted Offer - Court date pending City of Chilliwack will consider tenants specifi cations 10 years ago. 81 boutique style apartments and 18,000 sq. ft. lot next door is also some commercial space. available for sale.

LEASED FARMLAND 8279 Ross Street, Vancouver B.C. 30+ Acre Blueberry Farm 2,200 Sq. Ft. Located in Pitt Meadows with 2 homes on property. I-2 Zoned Contact Agents for details MANJIT CLAIRE* KURTIS CLAIRE WESTERNINVESTOR.COM [email protected] [email protected] Get informed before you invest PH: 604.263.2823 DIR: 604.559.5120 www.ClaireGroup.ca • Exclusive details on *Personal Real Estate Corporation All Measurements Approximate. Western Canada’s Done Deals RE/MAX Real Estate Services • Get the inside scoop with N410 - 650 W. 41st Ave. Vancouver, BC V5Z2M9 expanded coverage of sold properties Each offi ce independently owned and operated A22 | LOWER MAINLAND WESTERNINVESTOR.COM | MARCH 2018 B.C.’s “dual agency” rules rebooted after industry cries foul FEATURE | The first Canadian regulations banning agents from acting for both seller and buyer have been pushed to June after an outcry – but B.C. commercial real estate agents remain concerned

should totally separate the regu- By FRANK O’BRIEN lations for commercial real estate [email protected] and residential agents. “We deal with business-to-busi- new B.C. “dual agency” rule ness individuals,” Emerson said, banning real estate agents “not residential, which seems to Afrom working with both the have the most problems.” buyer and the seller of a property Emerson added remuneration is are so complex and onerous it will already totally transparent to buy- result in frustrated consumers and ers and sellers in any commercial a blizzard of useless paperwork real estate transactions. when it comes into force, accord- “Everyone knows how much we ing to real estate agents. are making. Typically that is the The Office of the Superintendent of Real Estate (OSRE) has post- first thing to get ground down,” poned introduction of the con- Emerson said. troversial legislation regarding Sechelt realtor Gordon Clayton: “It makes for a far less Double recusal is particular- dual agency and disclosures in real Vancouver realtor Matt Kerr: “Everyone is so pleasant experience for everyone. It is not protecting ly onerous in smaller markets, estate transaction. confused,” | RE/MAX REAL ESTATE SERVICES the consumer.” | SUBMITTED where longtime agents may have But now real estate agents are worked with many local buyers, calling for a separation of the regu- Real Estate Association (BCREA) were raised from $30,000 up to agent could have confidential in- said Sunshine Coast real estate lations as they relate to commer- but the new regulations will af- $250,000 per individual agent and formation about both the buyer agent Gordon Clayton of Re/Max cial and residential real estate. fect every agent-assisted property $500,000 for brokerages. and the seller. Oceanview Realty in Sechelt. Real Estate Board of Greater In a February 9 bulletin to all B.C. sale in the province. The That wouldn’t work in the Clayton and his team are cur- real estate licensees, the OSRE In June 2016, then premier Vancouver supports higher stan- tight-knit commercial real es- rently marketing the new Wood- said it “is aware of the consider- Christy Clark stripped self- dards that protect the public, said tate market, said Ron Emerson, able concern from industry sur- regulation from the Real Estate president Jill Oudil, but she added, a veteran commercial real estate lands subdivision in Sechelt, but if rounding the implementation of Council of BC a day after the re- “We’re concerned, however about agent with Cushman & Wakefield any of his former clients approach the new rules and the impending lease of a damning report from the compressed timing for im- in Vancouver. him as a buyer after June 15, he implementation date.” an independent advisory group plementation and the potentially He explained that, unlike the may have to refuse them personal The Real Estate Consumer Pro- that found the council “does not negative impacts these rules could housing market, commercial real service. tection Rules ban dual agency, effectively deter misconduct and have on consumers the way they’re estate involves a much smaller Clayton added that even a con- where a real estate agent acts for unethical behavior” by real estate currently being interpreted.” group of buyers and sellers and versation with such a potential both the buyer and the seller, and agents. “Everyone is so confused,” said agents often deal with the same buyer could result in an “implied increases mandatory disclosure The report was triggered by a Matt Kerr, a veteran real estate parties repeatedly. agency,” which would be against Re/Max Real Estate of agents’ remuneration on a handful of high-profile cases of agent with “Imagine how that would work the new dual-agency regulations. Services Beedie Develop- transaction. misconduct in Metro Vancouver’s in Vancouver. for a company like All B.C. real estate agents will It was to come into force on housing market. Commercial real estate agents ment Corp., as an example,” he be attempting to closely follow March 15. Lawyer Michael Noseworthy was are particularly concerned because said. “Everyone has worked with The new date for implementation later appointed superintendent of the legislation could prohibit an them at some point because they the letter of the new law, sug- Da- is June 15, with revisions. real estate to oversee the council. agent from selling a property to a are one of the largest landlords in gested BCREA spokesman Currently, approximately 5 per The province also appointed new potential buyer with whom they Metro Vancouver and the Fraser mian Stathonikos. cent of residential real estate members to the council. have had dealings in the past. Valley. It just doesn’t make sense.” “A $250,000 fine? That is a ca- transactions in B.C. involve a Fines for real estate agents en- The council defines this as Emerson said the Office of the reer-ending penalty,” Stathonikos dual agency, according to the BC gaged in unethical practices “double recusal,” meaning the SuperintendentRe-Develop ofme Realnt Estate said. ■ Potential A-11767 225th St., Maple Ridge INVESTMENT AND BUSINESS 604-491-1060 OPPORTUNITIES MUST SELL [email protected] FREDDY MARKS Sutton Showplace FOR SALE BOTTLE DEPOT 3 - Lower Mainland Locations Encorp Pacifi c Licensed PROPERTIES LINDA MARKS Harrison Hot Springs Depots with own Territory. Please call for info! A trusted father/daughter team ESSO GAS STATION Cap Rate: 5.4% | Sqft: 3,261 Fraser Valley Esso gas station with Land, Building and Potential Base Rent: 4,076 per month Business. Asking $1,950,000 **base rent = $15/sqft **opt cost = $6/sqft GAS STATION SITE Ground level strata unit Princeton BC. 1.88 Acre approved Gas Station Site The building is located 1 block off of busy Lougheed Hwy. environmental done with proposed drawings. Asking C-3 zoning allows for a wide variety of uses including $525,000 restaurant, convenience store, retail sales & professional 11 Acres and Commercial 56 Acres on the Harrison Hot Springs services. COMMERCIAL REVENUE PROPERTY Building, Horsefl y Fraser River, Harrison Mills Luxurious Lakeview Home Fully leased 2 - Established long term tenants with net • Approx 1 km of River frontage & Guest House Kelly Fry Team • Ideal for Commercial Grow Op • 0.43 Acre Lot/ 3 Bed-3 Bath/60x30 income showing close to 5% return. Asking $3,500,000 Operation • Ready for your Farming paradise Call: 604-418-3162 • Build your getaway from the concrete Deck [email protected] COMMERCIAL STRATA UNIT • 800 Amps, 50x60 Truck Shop busy city life • Italian Tile, High Ceilings, Wine Cellar Abbotsford leased 1100 sq ft. store front commercial • 16,000 sqft Main Building • 90 min East of Vancouver • Right at the water, breathtaking views strata unit in a busy strip Mall. Asking $335,000 $398,000 $1,200,000 $1,749,000 COMMERCIAL BUILDING ABBOTSFORD ADVERTISE WHERE Fully leased 2- tenant mixed use commercial building INVESTORS ARE LOOKING in Downtown Abbotsford showing 5% cap. Asking $1,150,000 COMMERCIAL BUILDING ABBOTSFORD Investment or Owner use Free Standing building operating as a well established Italian Restaurant. Sold fully furnished with all improvement and equipment. 150 Mile Meats 70 Mile Motel & New World Cafe, Turn Key operation or can be changed for other use. 150 Mile House Restaurant Williams Lake Asking $1,190.000 • Turn Key business • Turn Key operation • Business & Building • House, Property and Store • 1.7 Acres on busy Highway • 50 Seat restaurant, 6 seat loft & outdoor seating AASHOKS H O K KUMARK U M A R • Room for expansion • 9 Rental Rooms, Caretakers Residence • Well Established CCell:ell: 604-556-6399604-556-6399 • 2 Acre Lot • 50 Seat Restaurant • Liquor license & Equipment included 604.669.8500 [email protected]@shaw.ca $398,000 $399,900 $269,900 TOLL FREE 1.800.661.6988 WESTERNINVESTOR.COM (Abbotsford) wwww.TheBestDealsinBC.comww.TheBestDealsinBC.com MARCH 2018 | WESTERNINVESTOR.COM LOWER MAINLAND | VANCOUVER ISLAND | A23

Waterfront Luxury Home - North Saanich, Vancouver Island... Art Deco Office Building for Lease, Sale or Development In a key location of Downtown Victoria

ssubjectubject ppropertyroperty

Impressive custom oceanfront 6900 sq’ home built to a high standard w/ great attention to detail, fi nish & fi ttings. Situated on desirable Saanich Peninsula – short drive to ferries, marinas, airport, Town of Sidney. • Behind the Marriot Hotel / Across from the Chateau Victoria Designed for living both indoors & outdoors. Dramatic foyer, great room • Kiddie Corner from the Court House w/20’-30’ ceilings, gourmet kitchen, movie theatre, exercise room, wine • Three Blocks from the Empress cellar, 8 person in ground hot tub, large patios, caretaker suite above You cannot find a Better Location in Victoria triple garage & luxurious amenities. All spacious rooms w/outstanding 2 marine views. Set in a private gated informal landscaped 1.11 acre Office Lease: approximately 40,000 ft of character office space property w/easy access to usable beach. $3,980,000. Development Opportunity: up to 6 to 1 FSR

PETER NASH Macdonald Realty Ltd - Victoria peternash.com 250.384.0566 [email protected] Text: 604-961-6079

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 5550 Dieppe Street 9.6 Acres of prime development land in Chilliwack including 19,689 sq.ft. building site is zoned mix use/ commercial residential located next to university of Fraser Valley and 7236 Pioneer Avenue, Agassiz Garrison Crossing. Asking price $23 $989,000 Million. • 2 commercial + 6 apartments • NOI $58,000 +/- now 100% occupied Rick Toor Rick Toor

Commercial Investment For Lease

#200-8705 Young Rd, 3690 Townline Road, Retail Building Automotive Shop Multi-Purpose Retail/Offi ce Space Chilliwack Abbotsford For Sale for Lease Commercial Building for Lease Retail/ Restaurant space available Perfect opportunity to open 5,184 Sq.Ft. Building on 6 bays plus store frontage for Lease High exposure retail/offi ce for sale located on Young Road in your business and own a strata Chilliwack with a very high traffi c a 10,000 Sq.Ft. lot. High 3 Bay doors + store frontage space available on the corner unit in popular Gian’s Business available on busy Yale count and easy visibility. This unit available just off Young Road. of Young Rd. and Chilliwack has a been a restaurant business Center. Traffi c Area with Excellent Rd. Previously used as a for over 5 years and would suit development opportunity. C2 Zoning. Serviced for 400 Central Rd. Includes a main another restaurant business or 1,420 Sq. Ft. @ $724,200.00 transmission shop. Hoists greeting area as well as 4 rooms CS1 Zoning. amps. A perfect showroom a medical or offi ce user as well. 1,655 Sq. Ft. @ $844,050.00 included in lease. 4,000 plus warehouse space. for offi ce/storage. CSM Zoning. Patio area available for you to use. 1,379 Sq. Ft. @ $703,290.00 $799,900.00 Sq.Ft. @ $19.50/Sq.Ft. $750,000.00 4,000 Sq. Ft. @ $12/Sq.Ft. 1,900 Sq. Ft. @ $15/Sq. Ft. Rick Toor Rick Toor Rick Toor Rick Toor Rick Toor Rick Toor A24 | VANCOUVER ISLAND WESTERNINVESTOR.COM | MARCH 2018 Vancouver Island’s low prices, potential entice developers COVER | Lower land costs, higher cap rates and a booming economy put Victoria and the Island in the crosshairs of Lower Mainland real estate investors

Work is underway for a $75 mil- By FRANK O’BRIEN lion seniors residence, also on the [email protected] Bayview site, where Vancouver’s Element Lifestyle Retirement is building a 153,000-square-foot Vancouver development seniors’ facility that will have company is making its five storeys and feature 155 units first investments in Na- A made up of 50 condos, 70 rentals naimo, joining other Lower and 35 licensed care units. Mainland firms that have been In Colwood, near Victoria, Onni building on the Island as land was issued preliminary build- values and demand rise in one of ing permits in January to start B.C.’s hottest real estate markets. its Colwood Corners mixed-use Wertman Development Corp. project. has bought two Nanaimo sites – Covering about 12.5 acres, the one for a downtown condo tower phased project includes retail de- of 20-plus storeys and another velopment and a number of multi- for a two-building rental project. family units. London Drugs and “As far as acquiring land to de- Coast Capital Savings are already velop in Vancouver, [it] is next to in place on the site, which is next impossible to find anything that to Royal Roads University. is affordable,” said Jason Wert- Onni has started site work and man, vice-president of Vancou- expects completion of the first ver’s Wertman Development. Vancouver’s Onni Group has started work on its mixed-use Colwood Corners development in the Greater Victoria phase by 2020, which will include “We’re running out of room in region: 152,000 square feet of retail in the first phase. | SUBMITTED three mid-rise residential build- [Vancouver] for people to acquire ings and 152,000 square feet of and to move to.” The family company isn’t alone vacancy rate is near zero. commercial space, housing four That is why the 55-year-old firm in recognizing the Island’s po- anchor tenants. started looking at Vancouver Is- tential, delegates to the annual Kang and Gill Construction, a land, buying two neighbouring Colliers International real estate Greater Victoria local developer, is starting a four- Nanaimo parking lots, one close outlook conference were told storey condo-retail development, to the water, and the other site February 15 in Victoria. Bosa Developments, Chard De- Cordova Bay Plaza, in Saanich. near Vancouver Island University. Brad Archibald, a Colliers as- velopment, Concert Properties, Vancouver’s Omicron has called Concept drawings are in the sociate vice-president, said a Element Lifestyle Retirement, for tenders for the construction works, with the height possibly migration of both homebuyers Omicron and Onni Group are of Sidney Crossing, a $35 million, between 22 and 25 storeys. Plans and investors from the Lower among Vancouver-based de- 100,000-square-foot shopping call for about four to six suites per Mainland has driven Nanaimo- velopers now active from Na- centre near the Victoria Inter- floor, mainly two-bedroom units. area land demand to the highest naimo to Victoria. national Airport. The Vancouver For the commercial space, level in 10 years. “We are seeing Bosa has sold out its 17-storey developer received development Wertman is thinking “maybe a historically high housing sales,” Encore condo project that com- approval from the Victoria Air- restaurant or a grocery store to he added. pletes this year as part of the Bay- Ty Whittaker, senior vice-president port Authority last year and has serve the neighbourhood. In the multi-family sector, Na- view development in downtown of Colliers International Victoria: been working with the Town of “We’re quite confident that the naimo apartment buildings are Victoria. Bosa is also building tight industrial sector is driving Sidney on the project. city is in a growth period,” Wert- selling for $250,000 per door, he a residential rental complex on lease rates higher. Construction on the 10-acre man said. said, while the city’s industrial Pandora Street. | DARREN STONE, VICTORIA TIMES COLONIST site is now expected to start this

$$2,200,0002,200,000 NORTH ISLAND THE LAST FRONTIER OF THE ISLAND REAL ESTATE BOOM 12 + Potential 2.5 acre lots 69.2 acres in total $389,000 10605 Southin Road 21 acres in very desirable saltair on Vancouver Island. Turn key opportunity for 94,000 sqft greenhouse, with Argus computerized Call LYNN ISKRA environmental controls, natural gas hot water broiler system, heat expansion tank. Full water/nutrient system and holding tank. 3 phase 400 amp electric source. Two outbuildings with separate power and 250-230-0402 gas. Asset sale; immediate possession possible. A built 2002 multi- [email protected] purpose barn comprising a main fl oor of 480.3 (5,170 sq.ft.) second barn 2300 sqft on main 1900 sqft up. Doug Irving 250-246-0321  [email protected] of Duncan/Mill Bay EachEach Offi ce Independently Owned and Operated     The Slopes in Lake Cowichan! Mixed    Commercial Residential Beautiful mountain view 48.7 acre property.   Centrally Located Zoned R2, this is all of the remaining phases of the development. Property comprises of 1801!" #$  Bowen Road 48.7 acres, approximately 120 lots. PLA in Professional Building place. City water and sewer. Storm, sewer % # & and water in place and ready for extension ' Excellent Return into the next phases. Close to shopping $3,965,000()*)+"*""" and the lake. Perfect family or retirement subdivision.       $3,900,000      

www.luxuryhomesinbc.com [email protected] DANYLIW GROUP Phone 250-710-8779 MARCH 2018 | WESTERNINVESTOR.COM VANCOUVER ISLAND | A25 summer and completion is slated capitalization rate is just over 4 space and the overall industrial for spring 2019. The pedestrian- per cent, up slightly from a year vacancy rate is now 2.8 per cent, oriented, open-concept shopping ago. but it falls below 1 per cent in the centre will include 10 buildings A number of new rental units city, he said. housing a national grocery store – about 2,000 – are under con- Industrial lease rates are push- chain, said to already be leased, struction and another 4,000 ing above $12 per square foot and pharmacy, retail stores, medical units are in the pipeline, which flirting with a record-high $16 services, restaurants, and other could raise the vacancy rate mod- per square foot at some new sites, retail and service outlets. estly over the next three years, Whittaker added. Meanwhile, Merchant House Colliers noted. Total industrial transactions Capital is planning a mixed-use reached $17 million in 2017, with a makeover of the offices of the recent one-acre industrial parcel Victoria Times Colonist news- Industrial selling for $1.5 million. Industrial paper in Victoria, which it pur- strata space is selling in the $189 chased last year. Renovation of One sector often overlooked in per square foot range. the building is expected to start Victoria is the industrial real es- A notable sales transaction was late this year, and the residential tate market, said Ty Whittaker, in the Sean Heights Business Park component could start in 2021. Omicron, based in Vancouver, has all permits in place to start construction senior vice-president of Colliers in Saanich, where 19,660 square The renovation will include this summer on its $35 million Sidney Crossing shopping centre next to Victoria. But, he said, it is one of feet recently sold for $3.7 mil- street-level retail and 120,000 Victoria International Airport. | SUBMITTED the strongest sectors in the cap- lion. About 30,000 square feet square feet of office space, ac- ital region. of space is being added at that cording to early concepts. increase in people living in the to be delivered, the downtown “The continued expansion of park, which will be needed as the Victoria’s retail market is ex- core, noted Colliers retail spe- office vacancy rate will continue technology, shipyards and con- Saanich market is seeing a tight panding, fuelled by increased cialist and senior associate Matt to rise,” Spark cautioned. tainer companies can be seen industrial vacancy and the high- tourism and a growing tech sec- Fraleigh. The multi-family market con- by the positive leasing activity,” est absorption in the region. tor that is drawing a lot of young “The retail sector is on fire,” tinues white-hot in a city with Whittaker said. Whittaker pointed to the West- consumers into the city, the out- he said. a vacancy rate of 0.7 per cent. With industrial absorption hit- shore, where Victoria Shipyards look conference was told. The About 400,000 square feet of In 2017, sales volume for rental ting a five-year high of 281,000 is expanding, as perhaps the top giant Mayfair mall is undergoing new Class A space is underway in apartment buildings was $146 square feet in 2017, “we are in an industrial area for 2018. But, a renovation as shopping centre downtown Victoria, said Colliers million, up from $127 million a unbalanced market with demand as with most sectors, values for vacancy rates have dipped to 4.3 vice-president Tristan Spark, year earlier. strongly outweighing supply,” Greater Victoria’s scarce indus- per cent. who noted the downtown office The average per-door price for Whittaker said. trial-ready land are quickly ris- The downtown retail vacancy vacancy rate is now around 7.1 mostly older apartment build- Greater Victoria has about 10 ing, he said. ■ rate is now 3.8 per cent due to the per cent. “With more inventory ings is $215,100, yet the average million square feet of industrial - With files from Times Colonist

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! 215/221 popular Ocean Sands Resort! BUSINESS, 135 Prideaux St, Nanaimo Terminal Ave Business and 3 strata units; LAND & Redevelopment Property Nanaimo Located on the edge of the Zoned CS-2. $2,300,000 2 COMMERCIAL BUILDINGS downtown core and Old City STRATA UNITS Downtown locaon; 5 conguous COMPLETE PACKAGE - COOMBS Anderton Nursery, an area fixture in Quarter. Four lots totaling 1,811 sq ft $570,000 lots totaling 13,824 sq . 7,552 sq Retail marine & the Comox Valley for many years, is approx. 20,855 sq . boat building 1,177 sq ft $365,000 one-storey building with open shop available to purchase, together with Zoned DT-8. $624,900.00 business, land and Bowen Road Corridor 2 separately tled lots totalling area. Zoned DT-4. $824,900.00 buildings, including COR-3 zoning approx. 38 acres, 16 greenhouses, a residence, all on FOR LEASE: Pleasant Valley Landing Prime North Nanaimo Ample parking 4-bedroom,3-bath home, and a approx. 4.9 acres locaon with parking, quick access to Nanaimo Parkway and Entire building available close to Parksville, variety of outbuildings. Zoned ALR Island Highway; excellent neighbours; units range from 1,200 to for purchase. (RU-ALR). $2,500,000 plus Inventory zoned C-3.7. $3,900,000 35,000 sq . Zoned CC-4. $21.00 per sq plus OE&T Ed Williams 250-589-0969 Sue McKitrick 250-650-8823 Associate Broker | Cowichan Valley [email protected] Associate Broker | Comox Valley [email protected]

Campbell River Mul-Family BUSINESS OPPORTUNITY - COWICHAN BAY MARINA COURT ORDERED SALE - COURTENAY Development Property - Approx. 1.66 Well-established & maintained marina with upgraded docks, 17,438 sq lot with 75 frontage on acres with older tenanted home. Semi- electric hook-ups & holding tank portable clean-up equipment. Moray Ave; 5,632 sq building; Light waterfront, zoned RM-3. This offering includes a variety of income streams: Residenal: Industrial zoning. $675,000.00 1 1-Bedrom & 2 2-Bedroom; Commercial: 6 units. $3,299,000 2714 Island Hwy S. $779,000.00 RIVERSIDE CAMPGROUND, DUNCAN - BUSINESS & LAND 4680 & 4694 HEADQUARTERS ROAD, COURTENAY Two riverfront lots totalling approx. 10 acres in great locaon Approx. 5.75 & 4.53 acres - can be combined. Ideal for mul- close to downtown. Includes 25 rental cabins, 50 serviced RV family development. Easy access to North Island College and sites, 25 tenng sites (with hydro), and 3-bedroom home Comox Valley Hospital; water and sewer to property line, with office. $2,275,000 currently zoned RR-5. FOR SALE: $1,839,000 & $1,449,000 A26 | VANCOUVER ISLAND WESTERNINVESTOR.COM | MARCH 2018

DONE DEALS | OUR READERS REPORT ON COMMERCIAL REAL ESTATE

44-unit rental apartment complex, 34-unit rental apartment complex, 25 Avenue SW, Calgary, sold for Alderlea Street, Duncan, sold for $10 million. | CBRE EDMONTON $3.47 million. | CBRE VANCOUVER

North Vancouver-founded The Keg restaurant chain sold to Cara. | THE KEG A 6.08-acre parcel of industrial 266-unit mobile home park land with warehouse and storage, across 30 acres on Cayer Street, 184 Street, Surrey, sold for $9.36 Coquitlam, sold for $38 million. CARA BUYS STEAK-HOUSE CHAIN THE KEG million. | AVISON YOUNG | AVISON YOUNG

IN $200 MILLION DEAL FROM | Choice Properties Real Okanagan Lake. Sunset Drive, The restaurant group will add 106 steak houses to its portfolio of more than Estate Investment Trust, Toronto. Kelowna. Price: $9.2 million. Choice announces the following: DEAL | 24,400-square-foot indus- 1,200 chain restaurants DEAL | Choice Properties Real trial facility at Airport Business Estate Investment Trust, the real Park. Innovation Drive, Kelowna. ntario-based restaurant group Cara Oper- Chalet, Milestones and Original Joe’s. The Keg estate arm of Loblaw Cos., has Price: $4.8 million. ations is continuing its ownership expan- was founded in 1971 in North Vancouver as the Keg agreed to buy Canadian Real Osion across North America by acquiring ‘n Cleaver in a small restaurant tucked downstairs Estate Investment Trust. Price: FROM | CBRE Edmonton. CBRE Canadian steak-house chain The Keg for $200 in an old industrial building. $3.93 billion. agent Bradley Gingerich sold the million. The Keg purchase is Cara’s latest consolida- following sale: Cara Operations Ltd. struck the multi-million- tion effort. FROM | HM Commercial Group, DEAL | 44-unit rental complex, sold dollar deal with Keg Restaurants Ltd. January 23, The sale price comprised $105 million in cash Macdonald Realty Kelowna. HM at $227,272 per unit, on 25 Avenue adding 106 steakhouses to its portfolio of over plus almost four million shares, payable to the agents Jeff Hudson and Marshall SW, Calgary. Price: $10 million. 1,200 restaurants in North America. Keg’s two shareholders – David Aisenstat, and McAnerney sold the following: DEAL | 37,500 square feet of in- Cara is the restaurant giant behind many Fairfax Financial Holdings Ltd. – which together DEAL | 2.84-acre, high-density dustrial land with urban ware- well-known Canadian chains, including Swiss bought 51 per cent of The Keg in 2013. ■ residential development site near house zoning on 106 Street NW, VANCOUVER ISLAND OPPORTUNITIES Nanaimo Exclusive Offerings Downtown Nanaimo REDUCED $3,919,000 REDUCED REDUCED

INCREASED RENTS INCREASED RENTS • 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 INCREASED RENTS “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 MARCH 2018 | WESTERNINVESTOR.COM VANCOUVER ISLAND | A27

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

42,244-square-foot multi-tenant industrial 37,500 square feet of industrial land with urban building, 205 Street, Langley, sold for $11 million. warehouse zoning, 106 Street NW, Edmonton, | AVISON YOUNG sold for $5.15 million. | CBRE EDMONTON

Edmonton. Price: $5.15 million. manufacturing use on 205 Street, DEAL | Former 29,984-square- Langley. Price: $11 million. foot parking lot on 123 Street NW, Edmonton. Price: $5.4 million. Avison Young agents Rob Greer and 2.25-acre industrial lot zoned for light industrial 10-unit, two-storey rental apartment building on a Chris Wieser sold the following: use, Enterprise Way, Surrey, sold for $4.65 9,107-square-foot lot, slated for highrise redevelopment. FROM |CBRE Vancouver. CBRE DEAL | Large-scale 266-unit million. | AVISON YOUNG Dow Avenue, Burnaby, sold for $5.9 million. | NAI COMMERCIAL agent Lance Coulson sold: mobile home park across 30 acres DEAL | 34-unit rental apartment on Cayer Street, Coquitlam. Price: complex, sold for $102,058 per $38 million. unit. Alderlea Street, Duncan. Price: $3.47 million. FROM | JLL Canada. JLL agent David Venance brokered the FROM | Avison Young Commercial following sale: Real Estate, Vancouver. Avison DEAL | 30-unit rental building Young agents Garth White, Joe situated on a 26,394-square-foot Lehman and Ryan Kerr brokered lot, sold for $280,000 per suite. 30-unit rental apartment building on a 26,394- 2.84-acre, high-density residential development the following: Linden Avenue, Burnaby. Price: DEAL square-foot lot, Linden Avenue, Burnaby, sold for site near Okanagan Lake, Kelowna, sold for $9.2 | 6.08 acres of industrial land $8.4 million. $8.4 million. | JLL CANADA million. | HM COMMERCIAL with two-storey warehouse and storage facility, on 184 Street, Sur- FROM | NAI Commercial, Vancou- rey. Price: $9.36 million. ver. NAI agents Terry Harding, DEAL | 2.25-acre industrial lot Jackson Tangand Brandon zoned for light industrial use, sold Harding sold the following: in off-market transaction. Enter- DEAL | 10-unit, two-storey apart- prise Way, Surrey. Price: $4.65 ment building on a 9,107-square- million. foot lot slated for highrise DEAL | 42,244-square-foot multi- redevelopment. Dow Avenue, tenant industrial building zoned for Burnaby. Price: $5.9 million. Loblaws’ real estate arm has grabbed Former 29,984-square-foot 24,400-square-foot industrial Canadian Real Estate Investment parking lot, 123 Street NW, facility at Airport Business Park, CLOSED A MAJOR COMMERCIAL DEAL IN WESTERN CANADA? Trust in a $3.9 billion deal. | CHOICE Edmonton, sold for $5.4 million. Kelowna, sold for $4.8 million. SUBMIT TRANSACTION DEALS AT WWW.WESTERNINVESTOR.COM/ PROPERTIES REAL ESTATE INVESTMENT TRUST | CBRE EDMONTON | HM COMMERCIAL DONE-DEALS/DONE-DEALS-FORM

WANTED Strip mall or Commercial property on Vancouver 5ƫ+1/%*/ Island showing a reasonable return up to $15M FOR SALE &5ƫ +1/%*/ƫ.!(05 DEVELOPMENT PROPERTY - Unobstructed ocean
*ƫ * !,!* !*0ƫ !)!.ƫ.+'!. view 5.6 acres directly across from the beach on the Qualicum Bay Oceanside Route Hwy. ƫĂĆĀġĈĆāġāĂĂăƫƫāġĉĈĈġăăĆġąăĉĀƫƫ&5Į&5 +1/%*/ċ +)ƫƫ&5 +1/%*/ċ +) Subdividable level, community water. 2100 sqft European style rancher, VIHA approved air tight shop for food manufacturing. Semi-Oceanfront. 
ƫ  
ƫ  
ƫ 
ƫ 
ƫ   Qualicum Bay. $1,499,000. Zoned Village Centre. +(5,7$*(%8,/',1*1$1$,02%& 5(67$85$17:%/'*6 /$1''81&$1%& Zoned for recreation, tourist, commercial. ‚ )XOO\7HQDQWHG8QLW&RPPHUFLDO3URSHUW\ ‚ ,QGLDQ6W\OH5HVWDXUDQWZLWK([FHOOHQW5HSXWDWLRQ ‚ 3UHPLXP/RFDWLRQLQ'RZQWRZQ ‚ 8SJUDGHG%XLOGLQJ 3URSHUW\ $1,499,900 ‚ 6ROLG5HYHQXH6WUHDP  ‚ 2YHU

RE/MAX BOB PLOWRIGHT REAL 7300 Vedder Rd. 2124_108479BOB PLOWRIGHT CHILLIWACK, BC [email protected] LM 4.00 x 13.108REALTY 1-800-830-7175 www.bobplowright.com BACK COVER SECTION A 604-858-7179

FOR LEASE IN CHILLIWACK FOR SALE

SMALL WAREHOUSE SPACE SMALL BAY UNITS SUCCESSFUL U-VIN/U-BREW

INVESTMENT PROPERTIES



Warehouse/industrial

 FOR SALE: 3,253 sq. ft. WAREHOUSE  FOR SALE: New high quality tilt up from $12/sq ft TN $149,900 Grade loading, OFFICE from $2,595,000 3 phase power $695/mo gross Profitable business in Chilliwack AGASSIZ 26’ clear height ceiling LEASE U-Vin/U-Brew Business with over 20 years of High profile retail centre located on #9 HWY  $13.00/SQ. FT. TN Large truck turning area  Lickman Centre success and growth Long term tenants: Prospera Credit Union, dentist caters to small and medium size businesses with Current gross sales in excess of $260K office, national pizza franchise & liquor store HIGH PROFILE RETAIL/OFFICE access to major roadways Easily operated by a couple or with the existing Plenty of onsite parking  612 to 2289 s. f. office Warehouse space from 1,917 to 13,769 sq. ft. experienced staff. Room for future mall expansion   860 to 1,500 s. f. retail Furnished Office space from 130 to 1,193 sq. ft. Short distance to Harrison and Chilliwack 3 phase, 200 amp electrical, +/- 26’ ceilings INVESTMENT STRATA UNIT Only mall located in Agassiz/Harrison area  Downtown location Ample onsite parking Quick possession avail. BRAND NEW RETAIL FOR SALE:  FOR SALE: LEASE FROM Plenty of onsite parking $449,900 $9.50 to $10/S.F.TN $1,495,000 ABBOTSFORD RETAIL/OFFICE SPACE Strata unit located in a prime location Huntingdon Station Sumas Way & 3rd Ave. Hands off with steady cash flow return  806 s.f. retail/office Superior building with 5 units Fully leased by quality long term tenant since 2005 High profile, high traffic area near freeway & shops  New Hotel/Retail development providing 30,000 sq. Located on high traffic Ongoing renewal options Shows a good net profit corner lot ft. of retail space  Site includes 3 high exposure pad sites and retail Tenant pays all expenses Opportunity to increase lease rates   Well maintained units from +/- 1,200 sq. ft. to +/- 10,000 sq. ft. Good return on investment A solid investment with opportunity to increase

Close to many apart- Located at the high traffic HWY 1 interchange lease rates to market LEASE PRIME INVESTMENT OPPORTUNITY $9.50/SQ. FT. TN ments & condos LEASE FROM $18SQ. FT. TN

RETAIL/WAREHOUSE HIGH PROFILE RETAIL/OFFICE 800 to 2,825 sq. ft. Excellent access and Prime retail/ good visibility FOR SALE: $1,495,000  warehouse space 980 sq. ft. PORT HARDY  Join other successful Onsite parking FOR SALE: $1,250,000 Hub of North Vancouver Island LEASE FROM High profile corner LEASE business, Benjamin Fully leased (5 year lease with option to renew) Located in heart of the downtown core $10.00/SQ. FT. TN Storefront Moore, J Adam & Sons Strong community oriented long term tenant. Area enjoys tourism and eco-tourism $1,400/Month Gross Located in core of downtown Chilliwack Commercial Center for Port McNeill, Port Alice, HIGH PROFILE RETAIL RETAIL/OFFICE SPACE 6.25% CAP Rate on asking price Winter Harbour and more  Prime retail space with high FOR LEASE Mix of long term tenants including Scotia Bank, Lease from 1,581 to health care office, optometrist, hair salon, restau- 3,316 sf exposure and with some of the highest traffic counts in rant and more Located on busy main  the Chilliwack area Property in good condition, new roof in 2008 road, high visibility  Performa CAP Rate 8.49% on asking price Up to 4,280 sf retail space on

Wide range of options SALE $1,479,000 ~ LEASE FROM lower floor One of a kind 540 to 5,364 office 2nd floor Company Holding Ownership of LEASE FROM $12/SF $4.00/SQ. FT. TN   High profile ground 2,000 sq. ft. warehouse, the 3 properties above can be level space office, display area, OFFICE WAREHOUSE RETAIL SPACE 4,248 sq. ft. Office single bay with roll up dr purchased as part of a Share Sale Bright and modern with Plenty of onsite parking

Transaction with Tax Advantages.

 parking adjacent to bldg High visibility LEASE Lease $14.00/sf TN Lease $9.50/sf TN Contact Listing Agent for details!! FROM $15/SQ. FT TN 1,474 sq. ft. office 2,267sq. ft. warehouse Excellent exposure and space with 1,155 office New commercial retail/service centre on main 1,681 sq. ft. retail space . 2,284 sf Retail/Office 1,220 sq. ft. retail space 1,472 to 2,944 sq. ft. signage space in industrial area shopping corridor High Profile location in Showroom, 5,556 sf High Profile location in Industrial area, 22’ clear,   Plenty of onsite parking 12 x 14 roll up door, Ideal for stores, food outlets, doctors dentists Agassiz secured fenced yard Agassiz rollup doors  Includes: reception, 20’+ ceilings Units range from 1200 to 10,600 sq. ft. Restaurant, dentist, Plenty of onsite parking Plenty of onsite parking 756 sq. ft. Office Space   private offices, work area Shared compound 1/2 km from main entrance to HWY 1 doctor, lawyer, bookstore? High visibility location Bring your ideas Excellent Sardis location Lease $12.00/s.f. TN Lease $11.00/s. f. Lease $14.00/s. f. TN Lease $16.00/sf TN Lease $13.00/s. f. TN Lease from $12.00/s.f. TN

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 COMING SOON! AL BAINBRIDGEPrime Shopping SPACE Mall Investment! LET’S CHAT. Freestanding highly visible Building with a national tenant in a SPACE busy Cloverdale mall. This is a grade A investment opportunity I HAVE QUALIFIED BUYERS that doesn’t come along very often. Call now and be fi rst to see FOR LAND AND COMMERCIAL PROPERTIES this golden opprtunity It’s sure to sell quickly. AL Bainbridge at 604-533-3491 WITH REVENUE. 10 Acre industrial site 27,000 sq ft Industrial Site New Listing! River access. Call for more details Al Bainbridge at 604-533-3491 Prime Langley City location! 2 triplex rented buildings on two Just listed!! titles. Call now for details. Al Bainbridge at 604-789-1804. 10,000 SF Multi-family site in Langley City with 4 rental units LARGE RESIDENTIAL Al Bainbridge at 604-533-3491 Be the fi rst and call Al Bainbridge at 604-533-34981 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.

Industrial For Sale Building & Land For Sale 6851 Antrim Avenue 1774 East Hastings Street Sun Rivers Resort Community Burnaby, BC Vancouver, BC Kamloops, BC ‚ ±14,000-sf building ‚ ±8,400-sf bldg on 5,368-sf lot ‚ Over 1,000 units remaining ‚ 20,996-sf lot ‚ Good holding property with future ‚ Drone video: youtu.be/j2hnRIaVkp4 ‚ Potential to rezone residential redevelopment ‚ Includes 5.59 acres of mixed-use ‚ Vacant possession ‚ Potential to build 8 storeys (3 FSR) development land Asking: contact agent Asking: contact agent Asking: contact agents Conor Finucane* Conor Finucane* Gary Haukeland* & J-D Murray 604 691 6604 604 691 6604 [email protected] [email protected] [email protected] [email protected] HIGHWAY 15 (176 th ST)

0 AVENUE USA BORDER Farm, Ranch & Estate Business For Sale Development Site 17911-0 Avenue, Surrey, BC Ace Hardware, Cloverdale 53 Acres (Non-ALR) ‚ 55.53 acres in an incredible South ‚ 5492 SF prime location Merritt, BC Surrey/Hazelmere Valley location ‚ Improvements and equipment ‚ 53 acres zoned R-3, R-2 +FD ‚ Holding property with existing valued at $117,000 ‚ Services at street revenue stream ‚ Inventory included $265,000 ± ‚ Potential for partial MHP zoning ‚ Site is cleared & ready for planting ‚ Confidentiality agreement required ‚ App’d. for S/F + estate view lots Asking: $6,800,000 Asking: $499,000 Asking: $1,690,000 Chris, Don & Gary Chris Langhaug Chris Langhaug 604 534 7974 604 240 6224 604 240 6224 Toll-Free: 1-800-890-9855 [email protected] [email protected]

Available Now VANCOUVER ISLAND PROVES IRRESISTIBLE MAINLAND DEVELOPERS GO ALL IN | 24 For Lease Office/Warehouse Business with Property Industrial Warehouse/Offices 15-1520 Cliveden Avenue Supermarket and Outdoor Store ‚ Quality complex with extra office Delta, BC Quesnel, BC space in central Langley location ‚ 3,990 sf ‚ 6,000-sf store with deli and meat ‚ Sizes from 7,000 sf to 45,000 sf ‚ 22’ ceilings and direct grade shop ‚ Dock/Grade loading loading ‚ 3-Bedroom mobile home ‚ Heavy power – 1,600 amps ‚ I-2 zoning ‚ 1.5-Acre property Lease rates from $9.75/sf net Asking: $997,500 Asking: $749,000 Don MacDonald, CCIM Jesse Godin Marion Van Keken-Rietkerk*, CBI MBA 604 514 6824 604 691 6636 604 617 8118 [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 • MARCH 2018 • VOL33/3

MINING PLAYS | 8 NORTHERN B.C. TREASURE HUNT Geoscience BC helicopters complete grid search of the north in hunt for hidden mineral deposits

MANITOBA | 18 CORRADO RUSSO FORUM DETAILS REITSREITS GETGET WISEW CRE POTENTIAL Sandy Shindleman, chair TO MIXED-USE of the Winnipeg Real Estate Forum, on why his REAL ESTATE province entices investors MAXIMIZINGMAAXIMIIZZINGG VVALUESALUES | 6 CONTENTS Full index 3 Numbers 4 REITs expand projects 6 Mining exploration 8 Recreation 10 Alberta report 12 Man.-Sask. report 16

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

Read online at www.westerninvestor.com B2 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | MARCH 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 redevelopment site For Sale ‚ Multi-tower, high-rise development opportunity already zoned (C7) 3946 – 3976 Beach Avenue, Peachland ‚ Proximal to the two largest employment ‚ Resort/Hotel Site driversUnder in the DowntownContract core (IHA and OCI) Penticton Motels ‚ Potential for holding income ‚ 4.1 Acre, tourist commercial zoned land 68-Room Motel with 800+ feet of beautiful Okanagan ‚ Never before on the market Lake front Asking: $12,700,000 ‚ Located in a prime tourist area Asking:Under $5,900,000 Contract Asking: $9,750,000 Mike Geddes*, B.Comm. Beachside Motel 4740 Trepanier Road, Peachland 250-878-6687 | [email protected] *Personal Real Estate Corporation ‚ 27-unit motel located steps from Skaha ‚ 42.75 acres bordering HWY 97C and Lake Trepanier Creek Greenway Jeff Hancock ‚ PropertyUnder also Contract includes retail ice cream ‚ Zoned A1 and is not in the ALR 250-575-0537 | [email protected] sales Asking: $1,990,000 Asking: $3,495,000 Mike Geddes*, B.Comm. Rochester Resort Motel 250-878-6687 ‚ 36-unit motel in a prime tourist area [email protected] Asking: $2,975,000 *Personal Real Estate Corporation For Sale For Sale For Lease 9415 & 9419 Spartan Drive, Osoyoos ‚ Rare 730 feet of prime development 6.5 Acres McBride, BC 982 Camosun Crescent, Kamloops For Sale lakeshore on Osoyoos Lake ‚ Hwy 16 frontage. Permitted uses include ‚ Southgate Industrial Park. Ready for ‚ 1.913 acres over 3 individual parcels motel & gasoline service station. immediate occupancy. 1602 Maier Road, Sicamous Asking: $785,000 Lease Rate: $3,500/month ‚ 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-bedroom 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 Est. Operating Expenses $3.00/sf 3417 27th Avenue, Vernon ‚ Two 40-acre parcels commercial storage and contractor 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 City of Vernon 705 Laval Crescent, Kamloops ‚ Loading dock 6331 Harrop-Procter Rd, Harrop, BC ‚ 1.36 acres; industrial flex building Reduced: $499,000 Individually: ‚ 10.62 Acre site with two large buildings ‚ 12,000 ft tilt up concrete with 5,900 ft 4400 & 4600 Canoe Beach Rd, Salmon Arm 8259 Wallace Rd: $999,000 2nd floor offices ‚ Potential to be used as a medical ‚ 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: $3,150,000 Asking: $1,595,000 as package Asking: $799,000 ‚ R-4Under zoning allowsContract 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 | MARCH 2018

FEATURES FEATURES & NEWS The Numbers 4 POWELL RIVER POWERS UP 10 Our monthly snap stats on the numbers that matter You can buy a house for less than $300,000, and other Choppers back exploration reasons why the coastal Helicopter grid searches potential mining plays 8 mill town is suddenly a hot Why to invest now in Manitoba recreational destination Sandy Shindleman outlines opportunities 18 WESTIN HOTELS UP FOR SALE 12 Portfolio of big-city Alberta properties shoved back onto the market by Starwood Capital after just four years of ownership ADVERTISING DIRECTORY SASKATOON TIGHTENS 16 Interior B.C. 2-7 Industrial vacancy rate in Northern B.C. 8-11 Saskatchewan’s biggest city Alberta 12-15 shows first decline in years Saskatchewan/Manitoba 16-19 as tenants join the hunt for small-bay space MORE OPPORTUNITIES SECTION A Lower Mainland, B.C. and Vancouver Island COVER FEATURE Corrado Russo, senior manager with Timbercreek, sees real es- 6 tate investment trusts tracking big returns in 2018. l SUBMITTED

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

Southeastern B.C. - 29 Unit Motel Ramada Motel Southeastern, B.C. Cache Creek, B.C. • Top Producer in its Area! Excellent Sales! • Located on Highway 3 in Southern BC • Commercial Laundry with Land & Building • 45 Units On The Trans-Canada Highway • Fine Condition with Many Recent Upgrades • 45 Well Maintained Units. Strong Sales • Excellent Facility with Modern Effi cient Equipment • Excellent Revenue Solid Net Income • 3 Bedroom Owners / Managers Quarters • Restaurant Leased for $3,000 / Month • Commercial Contracts and Drop Off Service. • Many Recent Upgrades1 0 Kitchenettes • Very Solid Year Around Business • Ideal for Hands on Owner! • Well Managed and Room for Growth • Manager in Place. Outdoor Swimming Pool Asking $1,998,000 - Call Larry Asking $3,498,000 - Call Larry Asking $1,598,000 - Call Larry Asking $2,349,000 - Call Larry

East Kootenay Opportunity Motel near Whistler Kelowna Commercial Strata Unit Highway 16 Vanderhoof • 40 Plus Unit Hotel • 10 Motel Units and 2 Cabins • About 2,160 Square Feet on St. Paul Street • Very Successful + Profi table 14 Unit Motel • Restaurant Space & Breakfast Room • Nearly 2 Acres of Land • Excellent C-7 Zoning. Residential/Commercial Area • Only 2 Owners Last 40 Years • Limited Competition Setting, • Nice 3 Bedroom Owners Suite • Currently Home to a Deli (Deli Can be Included) • Roof and Bathrooms Redone 2012 • Excellent Skiing and Golf Area! • Excellent Income! Do Not Ignore! • Nice Opportunity to Own Your Own Space • Excellent 3 Bedroom Home Asking $1,395,000 - Call Larry Asking $1,498,000 - Call Larry Asking $799,000 - Call Larry Asking $698,000 - Call Larry

Tchesinkut Lake / Near Burns Lake Kelowna Opportunity Princeton, BC Elkford Opportunity • Amazing Waterfront Resort - Easy Access on Paved Road • Franchise Poutine Business • Two Excellent Business on Separate Properties • Easy to Operate Liquor Store! • 11.3 Acres and Approximately 2,300 Feet of Waterfront • Successful and Popular Pub • 9 Cabins and 37 RV / Camp Sites • Excellent Downtown Location • Liquor Store with Excellent Access and Exposure • 22 Motel Units, Pub and Leased Restaurant • Newer Mobile Home (rented). Newer 40 x 80 Shop! • Includes a Food Trailer for Events • Both Buildings Renovated 2007-2008 • Low Competition Setting and Very Busy! • Gorgeous Waterfront Home about 2,400 SqFt. • Solid Business Ideal for a Family! • Currently Managed by Off Site Owners • Excellent Coal Town in East Kootenay Area • This is a Marvelous Property! Bring Your Ideas! • Close to Motels and Business Core Asking $2,998,000 - Call Larry Asking $397,500 - Call Larry Asking $3,200,000 - Call Larry Asking $2,580,000 - Call Larry www.SyberRealty.com B4 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | MARCH 2018

LEADING TRENDS | THE NUMBERS Our monthly BANK OF CANADA snap stats showing leading trends 1.25% OVERNIGHT affecting western real estate LENDING RATE he volume of Canadian retail in- vestment property sales for 2017 is Texpected to hit a 17-year high, with $5.3 billion in transaction volume already Commercial and industrial real estate Building permit values reported for the first half of the year. Eight mall sales in Vancouver were recorded Office vacancy rate downtown* Industrial vacancy rate+ Vancouver $976 million Vancouver 5.2% 1.9% during this period, totalling nearly $600 Calgary $449 million Calgary 27.4% 6.7% million in transaction value. Edmonton Edmonton $444 million Edmonton 17% 7.5% Regina $44 million posted the second-most mall sales, with Regina 11.8% 3.4% Saskatoon $143 million five properties selling for a combined total Saskatoon 14.3% 6.9% Winnipeg $173 million of $115 million, according to a Morguard Winnipeg 8.8% 2.9% 2018 Canadian Economic Outlook and Mar- SOURCE: COLLIERS INTERNATIONAL, Q3 2017 ket Fundamentals report. SOURCE: STATISTICS CANADA, OCTOBER 2017 *DOWNTOWN VACANCY RATE +CENSUS METROPOLITAN AREA Retail sales are expected to grow by 5.8 per cent in 2017 and another 2.4 per cent in 2018. Retail sales in non-anchor por- Total monthly retail sales Apartment rental vacancy MLS home prices (all types combined)* tions of British Columbia malls hit $924 per square foot in June 2017, nearly $150 B.C. $7.3 billion Vancouver 0.9% Vancouver $1,056,500 above the national average. Ontario per- Alberta $6.8 billion Calgary 6.3% Calgary $426,500 square-foot retail sales were also higher Saskatchewan $1.7 billion Edmonton 7% Edmonton $359,134 than the national average at $864. B.C. Manitoba $1.7 billion Regina 7% Regina $279,500 sales increased 2 per cent over June 2016, Saskatoon 9.6% Saskatoon $293,300 while Ontario sales grew nearly 5 per cent. Winnipeg 2.7% Winnipeg $286,500 Alberta sales increased less than 1 per cent *ALL TYPES OF HOMES COMPOSITE PRICE, METRO REGION SOURCE: CANADA MORTGAGE AND HOUSING CORP. SOURCES: CREA, LOCAL REAL ESTATE BOARDS AND ASSOCIATIONS AS OF JANUARY 2018 year-over-year, at $732 per square foot. SOURCE: STATISTICS CANADA, NOVEMBER 2017 RENTAL MARKET REPORT, NOVEMBER 2017 Though sales have increased in most ma- jor Canadian centres, the retail industry will face some challenges in 2018. Labour Mall retail sales “The closure of Sears Canada stores will Dollars per square foot, non-anchor present a more direct challenge for some Unemployment rate Average weekly wage portion of malls – 2017 owners as certain markets will be hit with B.C. 4.8% $947 a flood of new supply,” the report states. Alberta 7% $1,143 $1K “Owners will face ongoing changes in store Saskatchewan 5.4% $1,013 size, closures and space usages.” Manitoba 5.6% $916 $924 Mall vacancy rates remained fairly tight $0.75K $864 SOURCE: STATISTICS CANADA, JANUARY 2018 SOURCE: STATISTICS CANADA, NOVEMBER 2017 $792

at 4.6 per cent nationally during the first $732 half of 2017, according to separate CBRE $0.5K $636 statistics. Rents during the same period Resource sector remained stable across the board. $0.25K “Investment market performance has Gold Copper Oil Natural gas been relatively healthy, but we expect con- $1,355 $3.24 $63.96 $2.57 tinued moderation over the near term,” per ounce per pound WTI/per barrel per gigajoule B.C. Alberta Prairies Ontario National Morguard stated. ■ SOURCE: NASDAQ SOURCE: MORGUARD’S 2018 CANADIAN ECONOMIC – Tanya Commisso ALL PRICES IN U.S. DOLLARS; PRICES AS OF FEBRUARY 15, 2018 OUTLOOK AND MARKET FUNDAMENTALS REPORT

1130-1150 Tranquille Road Kamloops

Garden Centre Lone Butte MARCH 2018 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | B5

Brand New Kelowna Strata 4-Plex Investment Lake Osoyoos BUSINESS AND INVESTMENT Downtown Kelowna - Lowest Vacancy Rates in Canada Waterfront Motel OPPORTUNITIES • Only 20 Minutes to downtown Kamloops. River front 2 ofof ffourour 4-Plexs4-Plexs alreadyalready SOLD,SOLD, 50%50% ofof thirdthird 4-Plex,4-Plex, 1 wholewhole 4-Plex4-Plex stillstill availableavailable from this 32 acre property with a spacious updated • Two 1,160 sf, 2 Bed, 3 Bath Units home and inground pool. Outbuildings include horses $$2.1M2.1M - 44.7%.7% CCAPAP shelter/tackroom, hay storage, and garage/workshop. • Two 1,260 sf, 3 Bed, 3 Bath Units Plenty of irrigation for your hayfi eld. Asking $750,000 • 2-5-10 year New Home Warranty View video at vosrealestate.ca • Professional management available • 3 Business Opportunities in One 84 acres on South Thompson River - Kamloops - Consisting of • Delivered leased at closing very productive hayfi elds plus a vineyard and gravel • Kelowna ranked as #1 City pit - 5 bedroom, 3 bath residence. Operate one or all to Invest in Canada of these opportunities. This property has water license 23 Units, 14 face the lake and is subdividable. Priced at $1.5 million • Current CMHC vacancy - .02% Beautiful South Exposure DWIGHT VOS • Buy as a CAP, hold or sell as strata Boat Dock, Family Suites phone: (250) 554-4511 BBuyuy ssingleingle uunitsnits inin 4-Plex4-Plex fromfrom $499k$499k withwith $2350-$2400$2350-$2400 rentrent perper monthmonth $1.895 Million BEST-WEST REALTY LTD. KAMLOOPS Call Jason at 604-725-4872 www.jvdevgroup.com Call Sandra 604-617-3416 email: [email protected] KAMLOOPS, BC & AREA SouthS Okanagan - Boutique Hotel OOpportunitiespportunities iinn CCranbrook,ranbrook, BBCC Choose your Option! A Great Package! • 3 liquor licenses: Liquor Store (Primary Retail Liquor license) Pub & Restaurant Building Only $695,000 • 12 rooms & 1 apartment • Main shop and offi ces 4080 sq.ft. A Business B Land for Saleale • Large mezzanine with offi ce • Tons of upgrades MLS # 170257 $2,550,000 • Mobile Home Park • Land for Mobilebile • 3 bathrooms , kitchen area & storage Vacant Possession – A Great Business Opportunity! • 60 Pads on 10 Acres + Home park • Bay 1 – 14 x 14 & 12 x 12 w/overhead doors 5 Acre Land (MHP Zone) (5 Acre) • Bay 2 – 16’ w/ overhead doors $2,888,000 $300,000 • Outside loading dock • 1.06 fenced acre lot Penticton, B.C. Hang Lee (604) 805-9966 • 1500 sq ft storage • 400 sq ft shop Phone: 250-486-4404 Email: [email protected] Hanna Realty Business & Building $925,000 www.okanaganhomesonline.com [email protected] • Residential & commercial overhead door business • Over 30 years serving Kamloops & area INVESTMENT PROPERTIES • Equipment & vehicles Corporate COUNTRY RETREAT - PRIVATE ACREAGE ADVERTISE WHERE Accord Realty INVESTORS ARE LOOKING LTD.

$$647,000647,000 • Bridge Lake, BC 47 KM from Little Fort 4301 25th avenue • Log home w/21.3 acres Investment Property With National Tenant • 4210 sq.ft. 4 bdrms, 4 bthrms,10 yrs old Petro Canada has Lease Renewals until 2032 • Fully fi nished 2storey w/bsmnt .74 acre site Corner Site • Fenced pasture for horses, walking trails $2,750,000 MLS# 10150486 • 34 x 50 shop, offi ce, tack room West Kelowna: 5228sf on .45ac HIGH VOLUME CAFE • KAMLOOPS fully leased to solid tenant with 604.669.8500 TOLL FREE 1.800.661.6988 extensive leaseholds and RFR, WESTERNINVESTOR.COM 5.5% cap on NOI $1,500,000 SALMON ARM FOR SALE $$168,800168,800 Kelowna: Retirement Residence, DEVELOPMENT/INVESTMENT 7.1% cap on Adj. NOI, 56 suites 3308 48th avenue PROPERTIES • 55 seat restaurant Investment Property with National Tenant ST. IVES- SHUSWAP • Excellent bottom line on 2.15 ac, well maintained Petro Canada has Lease Renewals until 2032 • Busy corner location $6,200,000 En re Strata Development 1.4 acre Corner Site Anglemont/St Ives lots • Good lease $3,250,000 MLS# 10150483 135 acres (approx) • Includes business, equipment, small wares Kelowna: Full Industrial, 5.4% Individial Strata lots - Mini Highway Mall, Barriere, B.C. 2.5 to 3.5 acre lots with cap, 42,000+SOLD sf on 2+ac. common access to enjoy $7,000,000 Shuswap Lake! SALMON ARM Kelowna: Full Retail Warehouse 210 & 70 11th Street SE $$349,900349,900 5.5% cap, 9885SOLD rentable Two Titles = 10 acres of • 5 rental units, plus basement storage $3,000,000 101, 102 4708 34th St., Vernon Med-High Density • Extra lot for expansion Strong Retail Tenant • Fronts onto Yellowhead Hwy West Kelowna: 3250sf Retail Investment Strata property Current Net Annual Income of $180,000 SALMON ARM City Centre DayCare, Kamloops, B.C. Building on 1.25 ac with Hwy $3,600,000 MLS# 10142760 1120 10th Ave SW frontage and room to expand $1,750,000 Med-High Density

Armstrong: Retirement LD SALMON ARM $$94,90094,900 Residence, 6.3% cap (on full occ.), SSOLDO 1230, 1260, 1290 10th Avenue SW • Set up for kids 12 yrs & under Built 2011, 58 suites on 1.18 ac. 4609, 4611, 4613 23rd St.,Vernon • Over $100,000 in reno’s $20,000,000 Investment / End User Property Three Titles = 2.1 acres • Turnkey business 26000 sq ft building 1.7 acres Light Industrial • Staff on hand $2,250,000 MLS# 10138193 Shirley Gasparin See our website for photos PETER BOUCHARD, B. Comm 250-819-8354 250.470.9551 Stewart Pearson [email protected] MARVIN & JESSICA MATT [email protected] www.gasparinrealty.comg p y [email protected] [email protected] 250-308-9760 1-800-667-2040 [email protected] Cell: Toll Free: KAMLOOPS REALTY LTD. call 1-250-319-8784 RE/MAX www.realestatekamloops.ca CorpAccord.com Commercial Solutions Kamloops B6 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | MARCH 2018 Smart REITs are playing the land development card

COVER | Timbercreek senior manager Corrado Russo sees potential of double-digit returns on real estate investment trusts despite higher interest rates

Mortgage rates off buying the local expert in any By FRANK O’BRIEN U.S. real estate sector, he said, [email protected] Russo takes a counterintuitive rather than a Canadian company approach, however, when it expanding into a foreign market. comes to rising mortgage rates, Russo said Timbercreek had eal estate investment which are traditionally seen as a forecast overall REIT returns of trusts(REITs) weighted drag on REIT performance. 8 per cent to 10 per cent in 2018, towards commercial and R “The empirical evidence shows based on current lease rates and mixed-use real estate sectors that at the beginning of an in- contractual increases. in big Canadian cities could see terest rate hike, REITs do poorly But, Russo said, when he over- returns as high as 15 per cent this because of the intuition that ris- lays the cash flow from equities year, according to the senior ing rates are bad for real estate and other sources into REIT, GDP managing director, investments, income,” he explained. “But growth and the potential of add- and global head of securities at when rates actually start rising, ing value through development, Timbercreek. Timbercreek’s Corrado Russo: “compelling opportunities for REITs to REITs outperform because inter- “I think we are talking about big Toronto-based Timbercreek is experience outsized growth.” | TIMBERCREEK est rates are typically going up double-digit returns in the 12 per a global asset-class management because the economy is doing cent to 15 per cent range.” ■ firm with more than $7.5 billion survive and thrive.” condominiums and apartment well: GDP is strong, there is a low in assets under management. He said a key smart REIT man- rentals. The Loblaws may still be unemployment rate, and inflation “Large cities in Canada are agers have found is maximizing there, but in the basement. The potential on the horizon. These currently experiencing a wave of the underlying land and location retail mix will be towards bars, are all very good for cash flow, Land values in downtown gentrification,” Corrado Russo value of retail assets, particularly restaurants, fitness centres and and the increase in REIT cash Canadian cities said in an exclusive interview in urban infill locations. movie theatres, more of a gather- flow outweighs the cost of capital with Western Investor. “This is He pointed to RioCan REIT as an ing place than somewhere to buy $ per square foot and higher mortgage rates.” creating a number of compel- example. Canada’s largest REIT another plasma TV.” He noted that after three Bank ling opportunities for REITs is leveraging transit-oriented re- Russo said retail is the single of Canada interest rate hikes in to experience outsized growth tail assets it owns in Calgary and largest real estate sector that $250 the past year, most REITs are and offer increasing value for Toronto into mixed-use projects Timbercreek is overweighting. $225* trading at discounts to what the investors.” with a substantial mix of resi- “It is a massive contrarian call,” underlying assets could be sold Russo defines big cities as Van- dential. In Calgary, RioCan has he conceded, “But it is because for. This is particularly true in $200 couver, Toronto and Montreal joined with residential developers [retail] is being priced as is with REITs weighted towards retail and cautioned that there is one in a $70 million mixed-use retail the retail in place, not to the po- real estate, he said. metric REIT portfolio managers and residential redevelopment tential of redevelopment as the and investors should watch if at its Brentwood Village Shop- highest and best use of the land.” $150 $140 considering smaller centres: Retail plays ping Centre, which is served by Despite the success of some $130 population growth. Calgary’s light-rail transit. Canadian REITs in the U.S. mar- Many smaller cities may have There is a lot of negative news “There is a global trend of ket, such as Vancouver-based $110 stable income from commercial about retail assets, he said, but people wanting to live, work and Pure Industrial Real Estate Trust, $100 real estate, he said, but REITs there is also opportunity be- play in the same [urban] loca- which recently cashed out in a require the growth in returns cause they can be trading at deep tion,” he said. $3.8 billion sale, Russo said it is Spring 2015 Spring 2016 Spring 2017 Spring 2018 and valuations that comes only discounts. “That strip plaza with a Loblaws not necessary for a Canadian SOURCE: MCAP DEVELOPMENT FINANCE GROUP with an expanding population, “Some retail will fail,” Russo is going to get torn down, but REIT to have U.S. exposure. including high immigration. said, “but much of the retail will it will be replaced by offices, A REIT investor could be better *2018 PROJECTION BY WESTERN INVESTOR

HWY 33 – GATEWAY TO COUNTRY! JJohniohni ddee GGrootroot

WESTBRIDGE 250-446-6808 johnidegroot.com [email protected] RREDUCEDEDUCED $1,675,000 NNEWEW LLISTINGISTING $799,000 ROCK CREEK | GREENWOOD | MIDWAY | BRIDESVILLE | WESTBRIDGE | BEAVERDELL | CARMI Rock Creek Properties

651-659 Victoria Street, Kamloops 744 Shuswap Ave, Chase, BC $300,000 / MLS# 10136798 $495,000 / MLS# 10141097 $425,000 / MLS# 10060335 2 bdrm, 2 bath home on 54 Work from home! Newly Built Business Opportunity! Ideal Rare off ering Investment Opportunity scenic acres. Spectacular river, 3 bdrm home, charming country location! Building in place with mountain and land views all in store, and campground on the tenant and Post Offi ce. Room to 2 story commercial building 2 story building the Kettle Valley! Kettle River. expand. in downtown Kamloops in downtown Chase Westbridge Properties Long term tenants Long term Triple A Tenant Building upgrades throughout Excellent exposure Underground and exterior parking stalls Offi ce / retail mix Ground fl oor retail and 2nd fl oor offi ces Onsite parking Basement with ample storage and lockers Well maintained with new roof $410,000 / MLS# 10149904 $595,000 / MLS# 10133860 $276,500 / MLS# 10141251 New Riverfront Gated Executive, immaculate, riverfront Exclusive, immaculate, riverfront Matt Wallin, B.Comm. property, bare land strata. 1.7 acres. Community Home/Cottage; country home with all the 1st class 250-372-1232 ext. 102 Build your dream home or cottage; or Greenhouse; 1.9 scenic acres; fi nishes including a gourmet kitchen just park your RV and enjoy all that [email protected] swimming hole… Country Living! & spa bathroom on 23 acres! country living has to offer! MARCH 2018 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | B7

EXCLUSIVE LISTINGS FAMILY PLUMBING & INVESTMENT BUSINESS BASED GAS-FITTING OPPORTUNITY

BUSINESS BUSINESS BUSINESS

Located in a small community in the West Kootenay Are you ready to take the step up to ownership? Th is area of B.C., this general store, fuel stop & service centre Nelson-based company has built a sterling reputation in is a thriving hub and profi table business. Comfortable 3 the area. Household repairs to commercial installations, bedroom accommodation, with large garage and fenced they do it all. Th ere are currently 8 full-time plumbers, Hardware/Building Supply - Hardware/Building Supply Business yard included. Additional 10 lots adjacent to this site plus admin and support staff in place. Sheet metal shop are also available as a separate purchase. included. Trade name can be included. Business & Land, Enderby, BC Vernon, BC $549,500 + Inv. MLS 2423888 $399,000. MLS 2422532 - Great business opportunity in the Okanagan Valley - Well established hardware business with great exposure Financial package on both of these busineses is available to qualifi ed individuals. - A fully operational and successful hardware business - 7000 sq ft retail location with mezzanine on 2.48 acres - Includes, land, buildings, fi xtures & equipment - Multiple outbuildings and 2550 sq ft offi ce on site - 3.38 acres zoned 1 light industrial Call Lorne Westnedge I - Price includes equipment, fi xtures and Nelson, - Adjacent 1.57 acre parcel available for $375,000 leasehold improvements British Columbia 250-505-2606 www.donkassa.com www.nelsonrealestate.com or toll free 1-855-352-7252. [email protected] [email protected] RHC Realty Don Kassa RE/MAX Vernon Each Offi ce Independently Owned and Operated 250-549-4161

OKANAGAN – B.C. INTERIOR INVESTMENT OPPORTUNITIES

MOBILE HOME PARKS

WEST KELOWNA NEW LISTINGS ● 110 Sites on 20.9 Acres • Available for sale early spring 2018 ● Native Lease Land • From 12 to 100+ Sites ● Community Water ● Net Income +/- $$280,000 • Prices from the mid $500,000 range ● 14% Return • Please call or email your contact ● Price $2,050,000 info for early notifi cation

Grand Forks Development Site ● 2.0 Acre Level Site ● Zoned for Single Family or Duplex Lots ● Engineering Done for 9 Lot Subdivision ● Price $299,000

OSOYOOS BUILDING LOTS • Desirable east bench location • Lots of late day sun • Prime cul de sac of new homes • Full city services at lot line MLS®1014583910145949 SOREB®169894 KDREB®143526 • Building Scheme Ensures High Quality Homes • Developer fi nancing available • Priced at $195,000 to $199,900 + GST

VADIM KOBASEW C OMMERCIAL REAL ESTATE SPECIALIST 250-490-7959 / 1-800-567-6770 an independent member broker. [email protected] RE/MAX PENTICTON REALTY, PENTICTON, BC

Wildwood Mobile Estates, Waterfront RV Park & Surplus FOR SALE Saskatoon, SK Land, Summerland, BC

• One of only 4 mobile home parks in • 44 acres including a 6.55 acre Saskatoon waterfront RV Park and 37.44 acres • 80 mobile home pads on 12.86 AC of AG-Land • Located in one of the highest • Expansion potential for 15-20 Popular Creston Restaurant Creston Flooring Store income areas of Saskatoon additional RV Sites • 5.5% Cap Rate • 6.3% Cap on future NOI • Very Profi table Creston Restaurant • 1st Time Offered by Original Owners Price: $10,950,000 Price: $8,000,000 • Original Owners with Experienced Staff • Very Well Established With Minimal Competition • Price Includes Renovated Building • Extremely Profi table business Columbia Gardens (Townhome / Rivers Edge Apartments, Apt Complex), Revelstoke, BC Revelstoke, BC • 2 Bedroom Suite on Second Floor • Vendor Can Finance Qualifi ed Buyer Asking $399,900 Asking $595,000 + Inventory Buying Commercial Real Estate in BC? Be represented by a CONTACT US

COMMERCIAL BUYER’S AGENT. HMCOMMERCIAL.COM • 73 units in 4 buildings (not your • Fully rented 44 unit bldg, scenic Macdonald Realty typical apt bldg) riverfront location Experienced and Effective Kelowna • 1 of the top ski-resorts on Earth • 1 of the top ski-resorts on Earth • 100+ underground parking stalls • 0.4% vacancy rate in this 4 season Ron Palmer 250-804-3744 2700 Richter Street • 0.4% market vacancy rate playground: high demand for rentals Kelowna, BC V1Y 2R5 • 8.5% cap rate, upside potential • 6.5% cap rate, upside potential P: 250.712.3130 Price: $11,795,000 $9,500,000 Price: $6,395,000 $5,850,000 [email protected] [email protected] www.ronpalmer.ca B8 | NORTHERN BRITISH COLUMBIA WESTERNINVESTOR.COM | MARCH 2018 Aerial “treasure hunt” pinpoints mining potential FEATURE | Slow-go helicopters provide detailed data across a huge swath of northern British Columbia

and commend them for their work By WI STAFF on Search Phase 3.” [email protected] The portion of the mining in- dustry most affected by research igh-resolution imagery like this is the exploration sector. captured by slow-mov- Small “junior” mining companies Hing helicopters has given – sometimes just mom-and-pop B.C.’s resource industry its most operations and sometimes affili- detailed look at potential mineral ates of major companies – are the deposits in northern B.C. ones that typically go out into the Bruce Madu, vice-president, wilderness and put the geological minerals and mining, with Geo- pieces together that eventually science BC, said the helicopters lead to major deposit discoveries flew just 80 metres above the and become mines. ground in “go-slow” mode and a This kind of work usually takes tight grid formation to map 9,600 many years. Data like the SP3 square kilometres of northern information helps to speed that terrain. The flights followed grid Geoscience BC helicopter mapped nearly 10,000 square kilometres in Search Phase 3 mission to gather exploration work up and be more lines just 250 metres apart. mineral deposit information in northern B.C. | SUBMITTED “The resolution is the best I have accurate. ever seen,” Madu said. governments and anyone else with the scanner had to fly a course “[This is] just the sort of regional Referred to as a “treasure hunt” an interest in land-use planning. more than 40,000 kilometres long data set that is most useful to the by some Geoscience BC staff, the Last month Geoscience BC dis- equal to the entire circumference mineral exploration industry in mission will provide resource closed the findings of its exhaust- of the planet. the search for new mineral de- companies, governments and First ive scan of the land in the general All results – from raw data to posits in the province,” said David Nations information on poten- vicinity of Williston Lake north of a series of summary maps – are Moore, president and CEO of Ser- tial mining deposits in a remote Prince George and Mackenzie. It is available publicly for free. engeti Resources, a junior min- swath of the Peace River Regional already home to the Kemess mine, The SP3 operation cost about eral exploration company. “The District. so valuable mineralization was $1.7 million but “projects like scale of this new survey provides Geoscience BC is an open-source empirically known to be located these are proven to bring new in- plenty of opportunities for future public information agency that in that area. The new high-tech vestment to the province,” Madu discovery.” seeks out new information about report will give a better subsurface said. Edie Thome, president and CEO what lies beneath the surface dirt view of what’s around it. Agreed, said Joel Mackay, CEO of of the Association for Mineral Ex- in British Columbia. It seeks out The data can’t tell what specific Northern Development Initiative ploration, agreed, saying, “Data baseline data about the compos- minerals – such as gold or copper Trust, which invested some of the from Geoscience BC surveys like ition of the subterranean earth in – may be found, but provides clues money in the research program. Search Phase 3 are proven to bring this province. That information is to which areas hold potential. “The mining sector in British investment and lead to discoveries then used by mining companies, This science mission was known Columbia is gaining as commod- Map shows area of latest Phase 3 petroleum companies and other as the Search Phase 3 (SP3) pro- ity prices recover, creating new search; with Phase 1 and Phase 2 in British Columbia.” industrial interests that need to ject, as it was an extension of potential investment opportun- locations shown at bottom. The three-scan project now pro- make the most educated guess two similar scans done in other ities that will benefit communities | SUBMITTED vides high-quality and up-to-date about where to concentrate their nearby plots of land. Although across northern B.C.,” Mackay data on potential mineral deposits expensive investment efforts. the SP3 parcel covered a space said. “This data is critically im- our region capitalize on global covering 65,100 square kilometres But the data is also available free nearly 10,000 square kilometres portant to informing mineral ex- trends. We continue to value our of northern B.C., Geoscience BC to environmental groups, local in area, the helicopter carrying ploration decisions and helping partnership with Geoscience BC noted.■ Invest in Smithers INDUSTRIAL • 1.33 acres with all city services, paved road, fenced $229,000 www.realestatesmithers.com • 120 acre sawmill site 15 minutes from Prince George, several buildings, scale, paved yard, 2 water systems $2,200,000 Stork Nest Inn $2.35M • 11,000 sq ft light industrial building in central location $12.00 gross 23 Rooms and 28 seat Breakfast Area • 28,642 sq ft quality building on 5.36 fenced acres, cranes, Turnkey 100% Share Sale sprinklered, paved parking. $2,900,000 Stable Income • 21 Acres close to downtown onHwy 16 E. $599,000 Includes Future Expansion Property • 18,683 sq ft warehouse on .88 acre $850,000 or $5.50 net 430 McAloney • 4514 sq ft light industrial/retail, great location $8.50 net • 119 acre gravel pit with 600,000 m3 of good quality gravel $1,150,000 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 • 3 acres with Hwy 97 S frontage $115,000 Schimmels Fine Pastries 19th Ave and Hwy 16 Smithers Main Street 8829 Sq. Ft. BUSINESS OPPORTUNITIES/OFFICE/RETAIL Prime Commercial Location Established Bakery & Juicery Downtown Location • 15,000 sq ft former bank downtown $1,100,000 or $11.00 net Otway Road Gravel Pit On Hwy 16 50 Seat Café Fully Serviced Busy Corridor En Route • 2.89 acre C6 with 19,406 sq ft former auto dealership in city $3,900,000 Prime Location Offi ce or Retail to Prince Rupert • Retail/Offi ce strip, 19,800 sq ft , L12D tenants, 6.7% cap $2,100,000 Business, Land & Equipment SSOLDO 5 Acre Level Site $279,000 • 18,000 sq ft 3 storey downtown offi ce building $1,750,000 $479,000 $1.4M • 148 acres with 1360 acre woodlot $275,000 • 350 acres with 1448 acreSSOLD woodlotOLD $325,000 LLeoeo LLubbersubbers • 86 seat fully equipped downtown restaurant $70,000 PPersonalersonal RRealeal EEstatestate CCorporationorporation HANS JOHANSEN KIRK GABLE 250 960-9339 250 981-3535 RRE/MAXE/MAX BBulkleyulkley VValleyalley 2250-847-129250-847-1292 [email protected] [email protected] MARCH 2018 | WESTERNINVESTOR.COM NORTHERN BRITISH COLUMBIA | B9

Commercial Land INVESTMENT Commercial NorthEast BC TURN-KEY Business Opportunity OPPORTUNITY Realty Ltd.

Fort St John, BC Land & In FORT ST JOHN, BC Investing Our

Energy In The North FULLY LEASED Building 7500sf Building features SEASONAL PATIO - great for BBQ Chetwynd BC specials & smoking area, FULL COMMERCIAL KITCHEN for private parties or club specials, 1000 sf outbuilding & 3 storage containers 10,400sf industrial building +/- 7,306 sf 2 story 0.66 Acre Land prime city center location along highly visible main street on 4.76+/- acres land office building paved lot for customer parking & back lane access zoned light industrial use Well established Nightclub Business includes; 250 785 4115 Plus basement area for additional storage 0.576 Acre corner lot by highly used traffic circle Located in Regional District all kitchen & bar equipment, office & club furnishings plus some decor, liquor license 10220 101 Avenue kitty corner to new hospital and seniors facility and jurisdiction (lower property taxes) The unique office/retail floor plan can be utilized in (subject to BC Liquor transfer approval). Inventory negotiable. Fort St John BC V1J 2B5 www.NEBCRealty.com but along city boundary close to its entirety by one user, leased to several tenants across the street from Currently open 2-3 days a week and still offers a great return! airport and city amenities. or a combination of both for a great future school site in Fort St John Asking $2.2 Million RON RODGERS investment opportunity OWNER - MANAGING BROKER Asking $2.35 Million Call Ron for information...2 year Non-Disclosure/Confidentiality Agreement required Retail Strip Mall, daycare, Back lane access to staff parking lot, front street angle Email: [email protected] MLS“ N4507464 parking for clients and customers prior to release of detailed information MLS“C8013087 office...all needed in the area! Specializing In ASKING $499,000 Call Ron to make appointment to view COMMERCIAL Asking $699,000 MLS® N4506822 MLS“165556 REAL ESTATE

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

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 amazing ocean view in the booming Motel 43 Room + Manager’s Suite. 2 Story Building. Fort St. John BC Full Service Hotel 110 Rooms City of Prince Rupert. 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 Serious inquiries 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]

Professional Building For Sale or Lease Land Development Opportunity

Golf Course Driving Range, Pro-Shop, 18 Hole Hotel. Viking, AB Bar, VLTs and Mini Liquor Store 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 Develop, NOI 10% Cap. Central City BC. Price $3.5m Acres Land - Major Hwy Exposures. Price $2m

10707 - 101 Ave. 9704-9708-9712-9716 101 AVENUE Own this Class A concrete tilt up offi ce building that is built by award winning Land development opportunity located in the central WL Construction. Well appointed, tastefully fi nished with an abundance of business district of Fort St John. Previous use was a public windows. Wheel chair access to the main & offers a large reception & waiting parking lot and has power on site. These 4 lots are to be sold area, conference area, 5 designated offi ces w/work station or build out w/ more offi ces. Fully fi nished basement with a dramatic staircase offers 6 as a package and consist of two C-2 lots and offi ces & numerous work station areas. Attached bay perfect for storage of two RM-2 lots. Great opportunity for a multi-family fi les & or equipment. Also avail. for lease - MLS # C8013452 . development with a commercial component attached. 87 Room Motel Indoor Swimming Pool, Restaurant- HOTEL Alberta Drayton Valley - Hub of Oil and $1,290,900 - MLS# C8016456 $399,900 - MLS# C8016983 Leased, Rooms revenue currently $1.3m & increasing, N-Gas Region. 47 Rooms, Renovation Done Recently Good Financing & Manager in place. Pending w/Kitchenette all Rooms & Lounge. Leasable 200 Class A Offi ce Building for SubLease Professional Building For Lease Franchise. At the core city Brandon MB. Price $4.5m Seat Restaurant. Busy Year Round. Price $4.5m

10215 - 100th Street 10019 - 103 Avenue Class A Offi ce Building located in the heart of downtown. Accelerate your business success with this brand new architecturally Optional spaces available are approximately 3,937 & 4,880 designed and custom built state-of-the-art professional building sq ft of strictly offi ce. 5,047 & 6,200 sq ft of offi ce space located in the central business district. The ultra modern landscape Motel Cache Creek BC 25 Spacious Guests Room + Motel Grande Prairie AB 60 Guest Units + Leased including the attached bay or the entire 10,284 sq ft. This design leads to the tempered glass entrance canopy and doors, 3 Bed Owner’s Suit. Clean & Healthy Business. Runs Restaurant and Public Coin Laundry, 2 story 2 beautifully appointed offi ce building features reception area beautiful foyer and custom designed elevator. Two ground-level by Family for 21 Years. Now Retiring. First Time on buildings. Absentee Owner Since Yr. 2007. The w/seating, large board rm coffee rm, mail room, fi le storage units, ranging between 1076 and 1121 sq ft. The 2nd fl oor offers 4 The Market. Extra Lot for Expansion. Price $1.2m Value set a Today’s Economic Trendify. Price $2.7m and other break out rms. Quick possession available. amazing units ranging in size from 1271 to 2030 sq ft. $20.90/ sq. ft + NNN - MLS# C8011120 $37.00/ sq. ft + NNN - MLS# C8015527 2400 sq. ft. of Warehouse Available One-of-a-kind Leasing Opportunity

Alberta Motel Bar and Grill Restaurant, Fitness Centre, 50 Bowling Alley 80 Seats Neighborhood Pub, 4 Rental 13091 Nielson Avenue Luxury Rooms. 10 Years New on 3+ Acres Land. Located units. 3 Bed Penthouse. 24 Lanes 5 Pins Bowling #3, 10711 - 91st Avenue Accelerate your business with these retail or offi ce spaces in the community Central Alberta. Room Sales w/High Occupancy Rate + $1m Lanes. 40,000 Sqft 3 Story Concrete Building. 18,000 2400 sq. ft. for immediate possession. Clear span with of Charlie Lake. Slated for occupancy in summer of 2018 now is the time Sales at Restaurant. Price $7.5m Sqft Land. Downtown Chilliwack BC. Price $3.3m 2 - 12 X 14' overhead doors, and 1 - 16 X 14' overhead door. to book your space which can be demized to your requirements. Quality Metal clad walls, 2 pc bath. Designated shared yard. Across concrete & green building construction, paved parking, high visibility in this from the Co-op Bulk Fueling station on 91 Ave and good owner built and managed Plaza. This building will also offer full basements John, C Nam Vincent Huang access to the Alaska Highway by controlled traffi c lights. for an additional rate of approx. $8.00 per square foot. $15.00/sq. ft. + NNN - MLS# C8015445 $16.00/ sq. ft. + NNN - MLS# C8016430 Direct: (604) 805-9131 Direct: (778)-551-5558 [email protected] [email protected] Coldwell Banker Westburn RE/MAX CITY REALTY Kathy Miller Burnaby, BC Canada (O) 604-439-2266 Personal Real Estate Corporation 286 Kingsway, Burnaby, BC. RE/MAX Action Realty (1991) Inc. [email protected] 250-785-5520 CITY REALTY WESTBURN REALTY Toll Free: 1-888-785-5520 B10 | NORTHERN BRITISH COLUMBIA WESTERNINVESTOR.COM | MARCH 2018

B.C. to tax Mill town becomes short-term rentals low-price destination

RECREATION | Powell River welcoming an influx of homebuyers and real estate Carole James, B.C. Finance Minister. | TIMES COLONIST investors looking for low-cost living and Homeowners and tenants who are renting their premises on potential income growth Airbnb or other short-term looking to capitalize on the rental programs will soon have cheaper home prices as compared to start charging an 8 per cent By WI STAFF to the Lower Mainland and new sales tax and a 3 per cent hotel [email protected] single-family homes coming into tax, the B.C. government has play are driving up housing de- announced. owell River, a coastal pulp mand and pushing real estate de- “Once we have this mill town, is attracting velopment to new levels, Knight arrangement in place, we will Phomebuyers and real estate confirmed. The coastal town of Powell River posted the highest home price increase make changes to the legislation investors from 100 kilometres Powell River property assess- and second-highest housing sales increase in 2017 across British and then Airbnb – as will south as Vancouverites discover ment increases for 2017 were the Columbia. | MARINAS.COM every other short-term rental low-cost housing and income highest in the Vancouver Island, organization – will be part of potential. Gulf Islands and mid-coast re- the second a plan from Abalone “Builders may be anticipat- our tax system, which then “Housing is a lot cheaper up gion, making it a prime seller’s Development for a residential ing the city adopting the Energy includes audits and all the here,” said Thomas Knight, dir- market for investors. enclave in the city. Step Code, which came into ef- other rules that are in place ector of planning for the city of On the commercial side, build- Knight said Powell River issued fect on December 15,” said Powell for everybody who pays taxes 20,000 on the northern Sunshine ing permits grew exponentially 122 building permits in 2016 River councillor and sustainabil- in B.C.,” said Finance Minister Coast. as more businesses moved into worth about $15 million. In 2017, ity committee chair CaroleAnn Carole James. According to the BC Real Estate the area throughout 2016 and 145 permits worth $14.1 million Leishman. The B.C. government Association (BCREA), the aver- 2017. were issued, but the slight de- Leishman said the city will have anticipates that the new tax age home price in Powell River Approximately 50 per cent of cline does not indicate any slow to decide if it wants to adopt the will generate $16 million for posted the highest increase in homebuyers continue to be from down, he said. code, and at what level of energy the province and $5 million for the province in 2017, rising 31.7 outside Powell River, with a mix It is because city staff simply efficiency. municipalities. per cent from a year earlier, but, of retirees and people who have can’t keep up with the demand, Many builders fear the code Money that goes to at $356,000, it is still a fraction of relocated for work, according to he explained. changes will add to the cost of municipalities from the the price in Greater Vancouver, Powell River/Sunshine Coast Real “We have $5 million worth of new construction. hotel tax, also known as the where the typical home sells for Estate Board president Neil Frost. building projects that came in Meanwhile, most of the city’s municipal and regional district more than $1 million. Despite its oceanfront loca- November and December that we new residential building value tax, will go toward promoting Powell River also reported the tion and proximity to large lakes, haven’t even processed yet,” said from 2017 came from single- tourism. second-highest housing sales Powell River’s new developments Knight. “If we had the staff con- family home building, but that Had these new taxes been increase in B.C. during 2017, as are primarily not recreational tingent here to be able to process, will likely shift in the coming in place in 2017, Airbnb’s sales soared 80.3 per cent to 9,269 but urban residential; albeit with we would have had $20 million year, according to Knight. approximately 18,000 hosts units, according to the BCREA. ocean views, Knight said. [last year].” Not only do the numbers point in B.C. would have contributed The Powell River region popu- The latest manifestations in- According to Knight, builders to a big year ahead for permits more than $18 million in taxes, lation is expected to increase by clude 39 new homes, all approved anticipating changes to the BC issued and building value in Pow- said Airbnb public policy more than 3,000 residents by in December. One new project is Building Code in 2018 hurried to ell River, but Knight said almost manager Alexandra Dagg. 2040. the expansion of Pacific Point get plans into the approval pro- all of the money going into new An influx of young families condominiums in the downtown; cess before the end of the year. residential is in multi-family.■

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

PRESENTED BY: SPONSORED BY:

For more information visit biv.com/business-excellence-series-buying-selling-business MARCH 2018 | WESTERNINVESTOR.COM NORTHERN BRITISH COLUMBIA | ALBERTA | B11

PRINCE RUPERT/PORT EDWARD PRINCE GEORGE AND AREA 10 acre RAW LAND DEVELOPMENT OPPORTUNITY Unique piece of property ready to be developed for your www.pgcommercial.ca commercial/industrial needs. Excellent location with Highway access roughly midway between the Hwy 16 junction and Port GEORGE Redfern River Lodge - Business FOR SALE Edward. Fully usable 10 acres ideal for potential construction WEINAND Located on spectacular 52 mile long camp, staging and/or storage. BC Hydro, Gas, Telus, and Cable 250-960-9556 Eutsuk Lake. The lodge is permitted run right by the property frontage. There are no other properties [email protected] to fi sh 15 lakes and 4 rivers with world class fl y fi shing. This is the like this available in the area/Ocean view is a bonus. only lodge in North Tweedsmuir ROD Park, giving you a very unique Reduced to $985,000! Serious inquires only McLEOD opportunity to experience this 250-961-3325 remote area. Don’t miss this one in Don Kehler Personal Real Estate Corporation [email protected] a lifetime opportunity to own a little Powerhouse Realty – Commercial/Industrial Division piece of heaven on earth. Offi ce 250-563-1000 Cell 250-613-9553 THINK REAL ESTATE... The Best Investment on Earth teampowerhouse.com [email protected]

UNIQUE PROPERTY FARM / RESIDENTIAL / COMMERCIAL / DEVELOPMENT

SUBJECT • 469 acres/288 in hay production PROPERTY • 3 homes – main home has been renovated/ other two homes are rented out at $950/month/each • 4th site serviced for another home/modular • Shop rented out for $500/month • Minutes from downtown Prince George

Asking $1,700,000

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

86 ACRES OF OPPORTUNITY! SASKATOON BERRY FARM/DEVELOPMENT POTENTIAL

Phenomenal property! Home to 2000 Saskatoon Bushes, of three different varieties! Previously served as a supplier to franchise companies and as a U-Pick. Possible to expand berry operation, subdivide, develop a subdivision or create an estate property….the list continues….Improvements include drilled water well and power, quonset, barn and storage sheds. Property is located across the road from beach-front properties on Wizard Lake in Centraltral Alberta.Alberta. OFFERED AT $979,000 RANDY PLANT 780-361-9215 Associate Broker [email protected] Real Estate Dawson Creek and Area Fantastic Development Site! The large plot sits in a hill top 21 Acres Commercial Land located in the City Limits. FOR LEASE! Centrally located building features 4,828 sqft FFOROR LEASELEASE Brand New Shop: On .35 acre this shop has neighborhood and close to schools. 1.02 acres zoned RM2 Property is situated close to major retail outlets such as modern offi ce space ready for your business. Complete with 2 bays 65 feet deep, 560 sq ft offi ce area and will allow for up to a 37 unit apartment complex. Many of Walmart and Canadian Tire, the Multi Plex several Hotels three enclosed offi ces, spacious staff room, designated the services up to or on the property such as fi re hydrants, and the Regional Airport. $2,700,000. MLS 152701 washrooms, and an impressive boardroom, this property has a one bedroom suite upstairs. Doors are 14 curb and gutter and development deposits paid. So much of Great Location and potential. 10.33 fenced and gated acres a professional layout that will work for a multitude of uses. feet high, 400 amp 3 phase power, in fl oor the work has been done for you. $300,000. MLS 170525 zoned C-3 between the regional District and the Golf course Ideally situated on 13th street, across from the police station, Building for sale: HIGH traffi c location on Alaska Hwy with on Alaska Highway. Currently leased this is a great laydown city hall and down the road from the government building, heating, bathroom with shower in shop. a 1540 sq ft building on .4 Acre lot. Existing Business has yard or building site. $1,150,000. MLS 152611 this location is easily accessible. With ample staff parking off Priced @ $18.00 P.S.F. MLS 166435 European trained Baker that has many loyal customers of the alley, and visitors parking out front, this property has a from far & wide. For more information or to discuss other Industrial Shop. Industrial, fabricating, sandblasting and lot to offer. $12.50 per SQFT NNN. MLS 170076 For Sale possibilities call the listing agent. paint facility. Situated on 3.72 Shaled, Graveled and fully Brand new commercial building on 8th street next to Tim Priced @ $310,000. MLS 167578 fenced acres in Pouce Coupe. Built in 2010 is a 7800 sqft Horton’s. 3 rental units available from 1100 – 2870 sq ft. Plenty Shop with Living accommodations. Situated on the dangerous Industrial Location with Highway Frontage! 11,700 sq.ft. steel building with 22’ doors and has a state of the art of onsite parking and competitive lease rates. By locating goods route this 4 bay (5,200 sq ft shop) built in 2010 is on 9.6 building. 10,000 sq.ft. shop with 4 drive through bays, and 1,700 Residential development land. 78 acres located on the north/ sandblasting booth that uses the majority of the height, here you can increase your businesses visibility and sales. acres of fully fenced Industrial land. The living accommodation sq.ft. offi ce space. Fenced and secured 1.675 acres is ideal for large east corner of Dawson Creek in city limit. Zoned RS-1(64 width and length of the interior. Built in 2013 the 7600 sqft Cam costs $7.15 sq ft. acres) and RM-1(10 acres) and 4 acres park. Feasibility Lease rate $16.00 per Sq Ft. MLS 169291 is a 4 bedroom suite(1300 sq ft), with living room, kitchen and 4 trucks, storage and parking. Priced @ $2,100,000. MLS 158902 building with 16’ doors currently used as a paint shop with a bathrooms. Low taxes as the property is not in City Limits, great study and preliminary design for 203 RS-1 zoned lots and paint booth and 2-5 Ton Gantry Cranes. Included as well is a High End executive offi ce space. 3 shop bays on a high location on the Alaska Hwy. Priced @ $1,600,000. MLS 169176 Location, location!! Commercially zoned lot on the corner of approximately 95 RM-1 zoned lots. Fantastic view and location 3400 sqft coverall shop and a 12 x 60 Atco Signature offi ce visibility lot on HWY 2. Total of 7,249 sqft with 2,876 sqft of Alaska Highway and 17th Street. 3/4 of an acre. Great visibility for an exclusive executive subdivision. $3,210,000. MLS 169569 trailer. $3,290,000 MLS 169918 offi ce and 4,373 sqft shop. Total of 8 offi ces, board room, Fantastic Investment Opportunity! 70 acres zoned commercial/ for a new business. Ideal for a car wash or convenience store 3 bathrooms and big reception area. Secured compound industrial in Dawson Creek on Hwy 2 (Edmonton Hwy), Great or offi ce building. Priced @ $395,000. MLS 169004 6.15 and 4.237 Acres of Development Land in Dawson For Sale or Lease with electric gate and very high end fi nishes through out location, all City approval and engineering done. Ready to develop Creek. This land is highly visible to all traffi c from Alberta this showcase of up to date building. Cam costs of approx. NOW! LNG is REAL and this property in prime for development. The most desirable heavy industrial commercial lot in Dawson Creek. This lot has it all, High visibility and accessibility that is border, close to the airport, and directly across from major Offi ce Building - Located in downtown Dawson Creek this $5 per and a lease rate of $9,965 per month. MLS 169564 Priced @ $4,590,000. MLS 169447 retail & hotel development. The C3 Highway Commercial 7950 sq ft offi ce building has an open offi ce concept with second to none. The lot has been stripped and shaled down to Excellent Shop and offi ce space. Several possible size INVESTORS! This package of lots totaling 15 acres zoned M3 the clay base. $1,890,000. MLS 167659 zoning allows for anything from carwash/ service station to secured paved parking lot. Priced @ $895,000.00 or $12.50 and C3 are perfectly situated with hwy 2 frontage and in front of hotel I motel to retail, auto sales and much more! Excellent P.S.F. MLS 163963 packages from 2000 sqft of shop space up to 8800 sqft with Receivership sale. ¼ section mile 2 of the Dawson Creek Airport. In any municipality, city or metropolis Available for Sale development opportunity. $150,000 per acre. MLS 158684 14 offi ces and 3 bathrooms. Call now to see how a package lots like these are the cream of the crop and line ups quickly form. the Alaska Hwy. Guest house, Barn, portable offi ce with For Lease can be tailored to your needs. From $12.00 per sqft Triple Priced @ $2,500,000. MLS 169100 attached garage as well as perfect building spot. High Traffi c, High Visibility, Excellent Access and a rail line Net. MLS 164687 Solid Land Investment Opportunity 4.49 acres of zoned running through the commercial property!! This desirable property Industrial Shop Almost 5500 sqft with 800 sqft of offi ce Lay Down Yard Available. Up to 15 acres of gravelled yard United Church - Over 11,000. sq.ft. includes the sanctuary, is situated on Alaska Hwy just off one of the busiest intersections space and secured parking. Newly renovated with hall, commercial style kitchen, offi ces and support services. C-4 land located on the way into Dawson Creek just off of area available in Dawson Creek, next to Highway 2. No high highway 2. There is easy access with a traffi c light and in in Dawson Creek. The approx. 10,200 sqft of heated, 12,200 sqft of bathrooms and staff kitchen area this shop has great restrictions, good drainage, easy access and good security. This could be converted to a rooming house, business, cold storage space on 4.32 acres. $998,000. MLS 168032 access, 3-14’ wide overhead doors, 600 amp service and retail, offi ce building, or a large events center. Excellent and out turning lanes off of HWY 2. $750,000. MLS 170636 Asking $1,500 per month per acre. MLS 169567 easy access to 8th street. $18 per sqft NNN. MLS 170055. corner location with paved streets on 2 sides, quiet area, Development opportunity! 80 acres located in the south High visibility high traffi c and right beside the new Great Location on 8th Street in Dawson Creek. 1722 sqft and zoned commercial 2. $325,000 MLS 169885 west corner of Dawson Creek. Currently zoned A-1, this Peterbuilt shop. Along highway 2 and close to the airport High Visibility – Up front and center! High Visibility High building on 2 lots zoned C-4. Lease rate of $15 per sqft Downtown Core: Commercial building with 3905 sq ft on the main property has easy access to services/roads to develop into this 3.4 acres of industrial land is all stripped, shaled and Traffi c Great Parking and a beautiful, clean 1750 sqft to set makes this building very attractive for many uses. Local fl oor, 3320 sqft on the 2nd fl oor and an 1750 sq ft unfi nished basement. residential or multi-family units. Close to schools, churches fully serviced which makes it ready to build on. Priced at up your dream business! This zoned C-3 commercial corner improvements $582.20 off 2025. Call for more info. Main fl oor is leased out. Priced @ $199,000. MLS 167185 and shopping. Listed at $4,250,000. MLS 169568 $799,000, call listing broker for more info. MLS 168698 unit has a Basic lease rate of $18.00 per sqft. MLS 169983 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 B12 | ALBERTA WESTERNINVESTOR.COM | MARCH 2018

Alberta | WHAT’S HAPPENING Biggest pot grower’s retail plan

and represent an investment But the price rally in Brent, may face a regulatory buzz kill Westin hotels on opportunity. the global oil benchmark, may In its latest report hospital- be short lived. the block ity firm HVS International As OPEC trims production, reported the hotel occupancy U.S. oil output is surging. rate in Calgary was 73.3 per Production rose above 10 mil- cent in the third quarter 2017, lion barrels a day for the first up from 69.5 per cent a year time in more than four dec- earlier. Revenue per available ades in November 2017. The room jumped from $113.92 to U.S. benchmark has remained $116.39 during the same period. above US$60 a barrel since late December. Starwood Capital is putting its Goldman Sachs, in noting the Westin hotels in Calgary and Oil will hit $82: rise in U.S. shale supply, how- Edmonton up for sale. ever said its bullish view was Starwood has retained Goldman Sachs cyclical, and it expects to see commercial real estate brok- Brent dropping back down to ers Cushman & Wakefield to US$60 a barrel by 2020. oversee the transaction. The company will also be oversee- Cam Battley (right), executive vice-president of Aurora Cannabis, in the company’s ing the sale of the Westin hotel Edmonton eyes Mountain View County production facility near Calgary. | AURORA CANNABIS INC. in Ottawa. The move follows Starwood’s condo incentives urora Cannabis Inc., which is increase its share in Liquor Stores sale of Westin properties in In a bid to lure more families building the world’s largest N.A. to 40 per cent under the terms Toronto and Vancouver in re- The price per barrel of crude and shoppers downtown, the A marijuana grow-op near the of the agreement. cent years. oil will hit US$75 within three City of Edmonton is consid- Edmonton airport, is now bidding Liquor Stores N.A. said it plans to Marriott International owns months and climb to $82.50 ering density bonus of two ex- to become a major Alberta cannabis convert some of its existing stores Starwood Hotels and Resorts within six months, according tra floors on condo projects, if retailer. But its storefront plan link- into cannabis outlets and establish and is the operator at all hotels. to a February forecast from the new units are three-bed- ing liquor and weed sales may face new locations. No changes to the names of the New York-based Goldman room suites. Developers would legal obstacles. “The private placement with Li- Westin hotels are expected. Sachs Group. also be allowed to add ground- Aurora is building its quor Stores is transformational in The Westin Calgary has 522 The company’s previous esti- floor retail space. 800,000-square-foot production scale and scope for Aurora, Liquor suites while the Westin Ed- mate for both time periods was The rules would apply to new plant in Leduc on 30 acres of leased Stores and the cannabis industry in monton has 416. US$62 a barrel. multi-family construction for land. The Aurora Sky grow facility Canada, providing the opportun- Starwood collected between “The rebalancing of the condo towers zoned for up to will be equal in size to 16 football ity for our companies to establish $350 million and $400 million oil market has likely been 18 storeys. Developers would fields and be capable of producing a leading private retail footprint in for the Westin Harbour Castle achieved, six months sooner get city permission for two ex- 100,000 kilograms per year. The Western Canada,” Terry Booth, CEO in downtown Toronto. It’s been than we had expected,” Gold- tra storeys if they commit to first two growing bays are now in of Aurora, said in a news release. reported that the Westin Bay- man analyst Damien Courvalin building eight three-bedroom production. The company boasts Aurora Sky shore in Vancouver sold for wrote. “The decline in excess units or 7 per cent of the pro- Aurora has bought a minority stake will be the largest, most advanced $290 million. inventories was fast-forwarded ject, whichever is less. in Edmonton-based Liquor Stores and most automated cannabis pro- Starwood bought all five of in late 2017 by stellar demand It applies on many sites near N.A. Ltd. in its bid to launch a series duction facility in the world. the Canadian properties in growth, high compliance by transit and in higher-density of cannabis retail stores in Alberta The Liquor Store plan may face a 2014 for $765 million. the Organization of Petrol- neighbourhoods. and across Western Canada. legal buzz kill, however. Alberta’s A Cushman & Wakefield eum Exporting Countries Builders would also be al- Under the deal, Aurora will acquire An Act to Control and Regulate Can- spokesman said Calgary (OPEC), heavy maintenance lowed to include small shops a 19.9 per cent stake in Liquor Stores nabis proposes to ban marijuana and Edmonton hotel sec- as well as collapsing Venezuela and offices, without getting N.A. for $103.5 million through a sales from premises selling alcohol tors are “turning around” production.” special permission.■ private placement. Aurora could or tobacco. ■

WWANTED!ANTED! Warehouse/Manufacturing Multi-Family Commercial for Sale Layne Gardner Edmonton, AB $3,600,000 EEDMONTONDMONTON AAPARTMENTSPARTMENTS RE/MAX 780-624-3844 (offi ce) 3608 69 Avenue – Main shop 22,500 sqft, Northern Realty FFOROR SSALEALE 600 amp service, 2 ten ton bridge cranes Peace River, AB 780-618-7642 (cell) 6 uunitsnits OOliverliver (23ft under hook),east building 2 fi ve ton HIGH EXPOSURE COMMERCIAL BUILDING - $2,000,000 Fantastic highway frontage and visibility! Just over 26 units Strathcona bridge cranes (60’ x 250’ - 10ft under 13,000 sq. ft. building sits on three paved lots hook). All on 3.46 acres. $4,500,000 comprising 2.38 acres. Much of the lot is fenced which SSOLDOLD provides a secure space. 7 uunitsnits WestWest EndEnd PRIME HIGHWAY COMMERCIAL LAND - $3,300,000 2211 uunitsnits SSaskatchewanaskatchewan DriveDrive Wayne & Fully serviced 7.78 acres with 360 feet of highway 21 Unit concrete block apartment building, steps frontage directly along Highway 2. Zoned C-2. 49 uunitsnits SSaskatchewanaskatchewan DrDriveivve Morgan away from River Valley and Jasper Avenue COMMERCIAL REAL ESTATE - $1,100,000 CContactontact mymy teamteam atat Please call Located on the ever-growing West Hill, right in the heart Moen of the action! Some of the land is highway adjacent and EEmail:mail: [email protected]@gmail.com Safeer Nazir has excellent visibility and access off the highway. 35 SSashaasha UhrynUhryn MMBABA RealReal EstateEstate 780-504-6789 acres of raw land to develop. Zoned C-3. AAlliancelliance RealtyRealty Inc.Inc. RE/MAX Real Estate 780-695-3222 EXCELLENT OPPORTUNITY FOR A GROWING BUSINESS - $999,000 6,992 sq. ft. shop with 1,248 sq. ft. in offi ce space. Situated on just under 2 acres of fully fenced land with a rolling security gate. Several outside storage spaces. Available to lease at $9 per sq. ft. plus triple net if you’re not ready to buy but still want to grow. PERFECT BUILDING AND LOCATION TO EXPAND - $1,399,000 17,500 sq. ft. building on just over 7 acres of land - most of which is fenced and gated. Building is divided with just over 11,000 sq. ft. shop space and approximately 6,500 sq. ft. of offi ce space. Shop has 2-10 ton cranes and 6 overhead doors. PREMIER RESTAURANT/COFFEE SHOP - $160,000 Well established and profi table turn-key 60 seat self serve restaurant with a loyal following. Features a made from scratch menu with simple, proven recipes. Licensed and equipped to host concerts and private functions. ALBERTA BUSINESS AND CONFERENCE CENTRE - $2,250,000 Centrally located, this unique property offers 37,000 sq. ft. of offi ce, banquet, concert, wedding or entertainment space. One of the largest event centers north of Grande Prairie. This venue boasts a well equipped commercial kitchen and smaller restaurant. MARCH 2018 | WESTERNINVESTOR.COM ALBERTA | B13

INVESTMENT OPPORTUNITY 9 Unit Multi Family Complex REVENUE PROPERTY CALGARY

Investor’s Treat. Low vacancy, 9 unit Multi Family complex. Excellent Southwood Location - at an intersection of Elbow Dr. & Sacramento Dr. FFOROR SSALEALE S.W. Over 14,000 sq ft of land, ideal for future development. There are 4 – 3 BR 2 Storey units SSpencerpencer CCreekreek with full basement. 4 – 3 BR Bi-level Units and 1 – 2 BR Bi-level unit. Al units come with LETHBRIDGE, AB appliances & Parking Stall. All the units are RRanchanch rented. Well maintained w/ numerous upgrades • Lethbridge’s most prominent retail node. 935 acres nestled close to the Rocky + have undergone major renos. Close to Anderson • CIBC, Browns Social House, Dollar Tree and Party City are tenants. LRT, South Centre Mall, Schools, Parks and more. Mountains 1 hour west of Calgary on $1,950,000 • A mix of national and local businesses. a paved Hwy. Fronting onto the Bow • Triangled between Superstore, Costco and Walmart. NGSBARRO FRANCHISE River, one of western Canada’s best PPENDINGENDI • Property has excellent access and visibility. trout fi shing Rivers. Fabulous views, FOR SALE IN CALGARY • Located on the corner of Mayor Magrath Dr. S and Southgate Blvd. small lake with 100’s of nesting birds EXCELLENT BUSINESS OPPORTUNITY to own and operate a very well known & a stopover for migration. Large and established Sbarro in North East gravel deposit on the property. Shopping Mall. Asking price $350,000 47,479 SF on 3.87 acres For pictures MLS #C4124231 $10M Projected Income: $1,250,000.00, plus escalations CONVENIENCE FOOD STORE Offered to Market at 6.25% Cap Rate BE YOUR OWN BOSS! Great business opportunity to own & operate a very GGordonordon LLackeyackey well known & establishedO convenienceLD food store in Bowness.SSOLD $170,000 &ŽƌƋƵĞƐƟŽŶƐŽƌŵŽƌĞŝŶĨŽƌŵĂƟŽŶ͕ƉůĞĂƐĞĐŽŶƚĂĐƚ͗ RReMaxeMax RealReal EstateEstate Doug Mereska Kendal Hachkowski Josh Marti ((MountainMountain View)View) Vijay Thankey Managing Director/Broker Vice President & Partner Associate Re/Max Realty Professionals 11-888-932-5419-888-932-5419 oorr D 403.942.0064 D 403.942.7096 D 403.942.0144 403-554-4268 [email protected]@telus.net E [email protected] E [email protected] E [email protected] [email protected] vj2good.com

www.cwedm.com 780-420-1177 1-877-429-9373 MULTI-BAY INDUSTRIAL RECEIVERSHIP SALE MULTI FAMILY OPPORTUNITIES INVESTMENT OPPORTUNITY • 19,562 sq ft on 5.02 acres • 2.13 acres, Cold Lake; R4 zoned for up to 82 units • 2 separately titled lots multi-family, behind Tri-City Mall; $975,000 • Sale Price: $5,900,000 • 23,222 sq ft Cold Lake; R3 zoned for up to 8 units EXCEPTIONAL RESIDENTIAL LAND multi-family, behind new Elementary School; DEVELOPMENT OPPORTUNITY $328,000 • ±69 acres • Numerous parcels of residential and commercial • Adopted area structure plan development land available in County of Leduc • 14,400 sq ft on 2.0 acres located in Bonnyville • Strategically located between Sherwood Park and the • 33,454 sq ft commercial/retail site along highway in • Fully leased to reputable tenants until July, 2022 future town centre of Bremner Westlock; zoned highway commercial • 8.0% capitalization rate TRADER RIDGE, GRANDE PRAIRIE Adam [email protected] [email protected] FOR SALE / LEASE / BUILD TO SUIT [email protected] NISKU INVESTMENT OPPORTUNITY • Grocery anchored retail land • Auto Mall/Retail/Industrial development 5.71 ACRES OF PRIME DEVELOPMENT LAND • Leased to Triple A International Covenant • +/-142 acres on NW corner of 100 Street & 132 Avenue • 58,000 sq ft on 3.53 acres [email protected] • Located in mature area of Fort Saskatchewan, Alberta • ±7% cap rate on 2007 built facility [email protected] • DC Zoning (Mixed Use - Residential/Commercial) [email protected] • Easy access to major arterial roadways [email protected] SHERWOOD PARK SHOPPING PLAZA • Fully serviced WEST EDMONTON INVESTMENT • 65,000 sq ft newly built plaza on 5.34 acres • Community has shown steady growth with a • 75% leased with fully occupied projected income of population increase of 31% since 2010 (currently • 10,421 sq ft on 1.43 acres $1,990,000 24,569 - 2016) • Diversified tenant mix with 10+ year leases • 100% leased to strong national tenant • PRICE REDUCED: $575,000 per acre • Net and carefree lease with escalations • 8 individually titled buildings may be sold separately [email protected] [email protected] [email protected] [email protected] [email protected] INVESTMENT OPPORTUNITIES CY BECKER DEVELOPMENT LAND FORMER SUPER A FOODS BUILDING • Retail Building: $575,000; 11804-45 Street, Edmonton; • 20 acres of approved subdivison lands • 10721 / 10825 - 101 Avenue, Fairview ±5,955 sq ft; Development Permit in place to allow for • Residential mixed dwelling zone including single construction of 3 apartment suites on the 2nd floor family, row house, duplex and low rise apartment • 17,696 sq ft building on 2.24 acres • Zoned C-1A - Transitional Commercial District • Lloydminster Truck Wash: Fully automatic state of the • Sale Price: $6,500,000 ($325,000/acre) art facility; 15,000 sq ft on 8.1 acres [email protected] • Sale Price: $895,000 Adel.Hanafi@cwedm.com [email protected] [email protected] EXCELLENT FRANCHISE OPPORTUNITIES FREE STANDING BUILDING 141 ACRES - SPRUCE GROVE Interested in owning a restaurant? These and many • Located along busy Stony Plain Road and future • Highway Commercial - ASP in place more are available: Valley Line LRT Route (2020) • Zoned UR (Urban Reserve) • Zoned Low Intensity Business (CB1) • Sale Price: $13,200,000 ($93,617/acre) • Good Earth Cafe - Downtown: $350,000 • Sale Price: $850,000 FREE STANDING MULTI-TENANTED BUILDING • Press’d Sandwich Co. - University: $295,000 • Second Cup - Spruce Grove: REDUCED - $75,000 HIGH EXPOSURE RETAIL/WAREHOUSE BUILDING • Completely refurbished 2 storey 15,000 sq ft building • 19,080 sq ft building on 1.01 acres • Ideally situated within the downtown core • Boston Pizza - Vermilion: $2.3 Million • Zoned IB - Industrial Business • Leased until 2019/2020 • Famoso Pizzeria - NW Edmonton: $299,000 • Sale Price: $3,700,000 • Sale Price: $2,890,000 • Famosa Pizzeria - Grande Prairie: $200,000 • Vendor financing up to 70% available [email protected] • Cora Breakfast & Lunch - SW Edmonton: $795,000 [email protected] [email protected] [email protected] B14 | ALBERTA WESTERNINVESTOR.COM | MARCH 2018

Exceptional IINVESTMENTNVESTMENT • HOTEL (FLAG): Room 70, Sale $2.0 mil +, less than 10 years old ...... $6.8 mil. 1-866-345-3414 Tree Nursery For Sale OOPPORTUNITIESPPORTUNITIES • HOTEL (FLAG): Room 70, Sale $1.3-1.6 mil, Central Alberta Population 60K ...... $5.45 mil. LEGENDARY FLY FISHING RESORT ON nnearear EdmontonEdmonton • MOTEL: Room 20, Sale $300,000...... $999,000 12.7 ACRES, BC ❃ 88 acres certifi ed Tree Nursery • GAS STATION (Calgary) ...... $1.49 mil. )O\¿VKLQJUHVRUWVLWVRQDFUHVZLWK ❃ Seller fi nancing available IHHWRIVWXQQLQJZDWHUIURQW7KH Includes home/shop • HOTEL: Room 9+Liquor $560k+Bar $210k+VLT 3000 sq.ft. main lodge is a post and beam ❃ Commercial real estate potential log retreat. It features a wrap around 40 acres commercial land $50K+Leased restaurant $30k ...... $990,000 GHFNSURYLGLQJWKHJXHVWURRPVSULYDWH ❃ Professionally appraised land access to lodge accommodations as • HOTEL: (Franchise) in Lethbridge. Room 86, well as a room with multi-use areas, a ❃ on major highway FRPPHUFLDONLWFKHQÀ\VKRSDQGIXOO 28,000 trees in production EDVHPHQW6DOHLQFOXGHV¿VKLQJVXSSOLHV ❃ leased restaurant, land 1.5 acres ...... $7.4 mil. drift & pontoon boats, motors, trailers, 5000+caliper trees online for 2018 IXHOWDQNVTXDGVDQG\DUGPDLQWHQDQFH ❃ Includes equipment Developers wanted • STRIP MALL (5 BAY) Rent Income $83,000 .. $950,000 equipment. LIKELY BC ID#1100635 /LVWHGE\&526,1$5($/7</7' &RPDUNHWHGE\5($/(67$7(&(175( ❃ Optional/included leased tree 40 acres lake front • MOTEL: 38 room, 30 mins from Waterton Park .. $920,000 FORMER FEEDMILL ON 6.33 ACRES sales outlet in Calgary • CONVENIENCE STORE: Calgary...... $1.25 mil. MEDICINE HAT, AB ❃ Owner retirement near Edmonton This is a former Feedmill, all the feed processing equip- Thomas Koh (CIR) ment has been removed. Features a modern plant with Steve Bouchet 403-888-1866 seller fi nancing overhead storage & Grain Bins, material conveyancing 403-680-9827 HTXLSPHQWODUJHVFDOHV PHWUHV5DLO6SXU QHHGV [email protected] upgrading). There is excellent access to the property. Church or retreat groups [email protected] There are future use restrictions. MEDICINE HAT 0/6Š EXCELLENT 4 PLEX IN LETHBRIDGE, AB wanted 66 acres Excellent 4 Plex -approx. 3600 sq ft total development- located in quiet residential northside area. 4 units with 2 YOUR ADVANTAGE IN ALBERTA bedrooms.Building has separate laundry room with coin lake property Properties operated washer and dryer. Owner pays gas, water,sew- er and power to common areas. Tenants pay individual TOWNHOUSE RENTAL COMPLEX IN CALGARY Secluded 640 acres HOHFWULFDO5RRIUH¿QLVKHGLQ&RXOGEHSXUFKDVHG Asking: $42.49M, Revenue: $2,759,975 For Sale ZLWK6W$1RUWK'HWDLOHG¿QDQFLDOLQIRDQG improvement list available. LETHBRIDGE0/6Š 197 Two (109 unit)and Three bed room (88 unit) townhouse complex with private lake www.BlackstoneCommercial.com WEDDING AND SPECIAL EVENTS situated 9.2 ACRES adjacent to shopping mall and LRT Station. ESTATE NEAR CALGARY, AB ideal for hospitality business NEW PRICE:$Q$UFKLWHFWXUDO0DVWHUSLHFH7KLVVT 234-21 Avenue SW, Calgary, AB IWKRPHRQDFUHVRQO\PLQIURP&DOJDU\KDVVR FRANCHISE HOTEL IN SK PXFKWRRIIHUVTIWGHFNVN\OLJKWV¿UHSODFHV 1 mile North of city limits Asking Price jetted tub, steam shower, hot tub, 2 ovens, hot water ASKING : $18,900,000, Revenue $3,293,734 (Room : $3,038,396, heating, 3 story elevator & electronic security gates. The $2,795,000 ODQGVFDSLQJLVSDUNOLNHZLWKDSRQGDQGDEULGJHWRDQ Rental income : $255,338), 101 room hotel complex and 6,126 Sqft less than HOHYDWHGJD]HERDVZHOODVDEDEEOLQJEURRN$PXVWVHH ID#1100597 STRATHMORE0/6Š freestanding restaurant that were constructed in 2000 at 2.75 Acres $15,000 per acre Site Size WELL ESTABLISHED PET land. The subject has an excellent destination/retail location. 50 ft x 130 ft BOARDING FACILITY, AB JERRY RACZKOWSKI DFUHUDQFKMXVW1(RI&RXWWVKDVPDQ\IHDWXUHV$Q • Prime inner-city location • 16 suites established commercial pet boarding facility, an outdoor FRANCHISE MOTEL IN CALGARY KRUVHDUHQDDQGKXJHWXUQRXWSDVWXUHV$FUHVRISULPH 780-932-2121 • Close to restaurants and shops on FXOWLYDWHGODQGDJDOORQKLJKSUHVVXUHZDWHUVXSSO\ Asking: $7,750,000, Revenue ( 2016 : $1,401,201). Three stories 68 e-mail: [email protected] 4th Street • Recent roof replacement and a rental income home. Ideal second income for stay at guest room originally constructed in 1980 with signifi cant renovation in KRPHPRPV6HWXSIRUHDVHRIXVHDQGPDLQWDLQDQFH www.AlbertaInvestor.com (2015) • Walk to the downtown core &XUUHQWRZQHULVUHWLULQJID#1100386 COUTTS0/6Š 2012 totaling $2.1m and additional $700,000 for exterior renovations RE/MAX Real Estate Commercial Division Grant Potter .....403 398 7182 icimarket.com I farmrealestate.com in 2015. The physical characteristics of the hotel are in very good due to the recent whole renovations to the interior and exterior. Well located in the NW district , which provides good access to major commuter 1735 13 Street SW, Calgary, AB CURRENT OFFERINGS arterials, and access west to tourist destination to Banff etc. INVESTMENTS Asking Price $2,275,000 • Flagged 93 Suite Hotel in a very substantially GREAT FANCY HOTEL IN SK CALGARY AREA economically dynamic community, which has a location Asking : $7,400,000, Revenue: $1,454,409 (2017), 65 Site Size that renders superb exposure that among other things, room which was built in 2013 at 2 Acres land. 50 ft x 139 ft attest to its constant year over year revenue growth. It • OLDS - Hotel Site/multi-family site/ is currently being offered at a price that should allow it, commercial site available in fast growing • Prime inner-city location, views under continued prudent management continue it stellar GREAT FANCY HOTEL IN SK community from upper suites • Roof replaced performances, going forward. Asking $15.5 million. Asking : $7,500,000, Revenue: $1,638,185 (2017), 65 2005 ± • Close to restaurants and room which was built in 2014 at 2 Acres land. • OLDS – 20 acres development site - shops on 17th Avenue •13 suites • A relatively new 74 Room Limited Service Hotel, located in a very busy area that that keeps it constantly running highway frontage Grant Potter .....403 398 7182 100% occupancy at a signifi cant ADR, thereby delivering GREAT FANCY HOTEL WITH RESTAURANT IN SK • OLDS - 2900 sqft retail space for lease – substantial continuous high revenues. It is relatively new; Asking : $5,100,000, Revenue: $1,291,663 (2017 Room: high traffi c area 120-122 16 Ave NE, Calgary, AB as such, there are no required up-grade in the near term. $800,859, Restaurant : $490,804), 65 room which was Further, it is being offered at the very reasonable price of built in 2015 at 2 Acres land. • SUNDRE - 300 acres with river running Asking Price $14,000,000.00 through, gravel, highway access, potential $2,150,000 • Strata Apartment and Towne House complexes Plus GOOD CASH FLOW HOTEL IN BC development opportunity Site Size Retail Units: A Superb Multi-Family development Asking: $7,200,000, Revenue: 3 Year average: $2,959,106, 2017: • SUNDRE - 1.67 acres multi family site in 6,2500 sq. ft. consisting of 71 apartment Units – 62 2- bedrooms, 9 – $3,104,726 (Room: $2,070,562, Restaurant: $1,034,614). 3 Year growing community 1- bedrooms; 13 – 3 bedrooms 2 storey Towne Houses, 3 average NOI: $1,052,707. 62 rooms Restaurant & lounge with 1.6 • Some space available for an Retail spaces, plus 46 rental Garages. All Apartment units and Townhouses are air conditioned. The revenues of this Acres land located at a district municipality in the geographic centre • SUNDRE – 118 X 120 commercial lot - great owner/user • Fully leased NOI development are indeed, outstanding and features 100% of British Columbia. location approximately $100,000 • O/C approximately $7.20 psf occupancy, currently. Asking $16,995,000.00 FRANCHISE HOTEL IN BC • BOWDEN - 31 acres industrial & commercial Grant Potter .....403 398 7182 • A Flagged 92 Room Limited Service Hotel, featuring Asking : $5,600,000, Revenue (2017:$1,596,672). development land adjacent to Highway 2 a variety of room confi gurations among many other - 90 guest room hotel which was renovated in 2015 with outstanding features, plus, exceptional operational • BOWDEN - 54 acres residential development 5721 - 52nd Street, Stavely, AB $2.1 million being invested in the property with 1.975 Acres land. land ready to go - Highway 2 frontage performances that are enhanced by it excellent location. - Two (2,500 Sqft & 3,800Sqft) vacant space presenting leasing New Price The potential upside for continued superb performances opportunity and 5,000Sqft conference centre that is not currently • CROSSFIELD - shop witht truck wash equipment $779,000.00 going forward are very good, under prudent management. Asking Price $11,500,000.00 in use located in SE BC . - 3200 sq.ft. - 3 bays - Forth fl oor of the property is unimproved and total 10,000Sqft can Building Size • CROSSFIELD - 279 acres - great • A Flagged 122 Room Full Service Hotel in superb be converted into additional hotel rooms or apartment suites for 8,700 sq. ft. gross development possibilities-rail spur possible condition, featuring an array of excellent amenities, well long term or short term rentals. • 4 drive-in doors • Separate located with main artery exposure, excellent Operational • CROSSFIELD - 137 acres with #2 highway meters, sumps • Bay sizes range performances, substantial potential upside, going FRANCHISE HOTEL WITH LEASED RESTAURANT IN EDMONTON frontage - excellent access from 1,833 sq. ft. to 7,579 sq. ft. forward under continued prudent management. Asking Asking : $4,500,000, Revenue (2016 : $1,122,742, 2015 : $19,900,000.00 • Number Of Bays: 4 $1,234,979). Well maintained 47 room , 3 bed manager suite, 1.27 • CARSTAIRS - 2.2 acres, 3 buildings, great acres land with leased restaurant located at main Tr. corridor. retail site Grant Potter .....403 398 7182 • A Flagged Limited Service Hotel consisting 128 Rooms & Suites, of exceptionally good quality and featuring plus • 4160 sq.ft. Industrial space 1.5 many amenities to satisfy the varied desires of its guests, FULL SERVICE HOTEL IN AB 225 Lougheedg Road, Kelowna, BC Asking : $4,400,000, Revenue 2017 ( Room : $867,678, Food : acres - 2 titles located in an excellent location of economic diversity, attested to by its continuous outstanding operational $818,737, VLT :$130,597, Others :$169,678), NOI : $537,598. 62 Asking Price • Over 40,000 sq.ft. industrial space 6.77 acres C $2,400,000 performances, which should continue going forward. room full service motel with 2.84 Acres located very busy town. /S • 4000 sq.ft. condo building retail/offi ce Asking $20,500,000.00 CAR WASH NEAR CALGARY Site Size 1.04 ± Acres • A Flagged 124 Unit Limited Service Hotel featuring a Asking: $6.7M, Revenue : $1,106,484, NOI: $605,484 • Extreme Pita restaurant available in wide variety of amenities such as conference/meeting Well equipped and very profi table 2 auto bay which was replaced growing community • Available: Please contact Agent rooms, business center, fi tness center, indoor swimming in 2015 October with highend equipment & 8 varn type car wash. ‡%XLOGLQJ“VTIWRYHUÁRRUV pool/hot tub, guest laundry among other features and For more information on these and other properties • Large lot with room for expansion amenities, superb location, excellent continuous operating performances, a very good potential up-side, Asking www.francisleerealty.com Ian Burak ...... 403 291 8866 $19,500,000.00 FRANCIS LEE CALL DON SACKETT Jay Donais ...... 403 313 5306 COMMERCIAL REAL ESTATE RE/MAX ACA REALTY VINCE BOYLES Francis Lee 1018 Hammond Ave, Crossfield, AB Cell 403.680.6130 T0M 0S0 Fax 403-946-5035 403-237-5584 • 1-888-482-5583 Fax 403.476.5334 ACA Realty (403) 946-5657 EMAIL: [email protected] [email protected] 9705 Horton Road SW, Unit A210, Maxwell Canyon Creek Realty [email protected] Calgary, Alberta T2V 2X5 MONTCALM PROPERTIES LTD. Associate Broker, IC&I Full Commercial Member www.donsackett.com Tel: (403) 214-2344 / Fax: (403) 214-0244 www. montcalmpl.com MARCH 2018 | WESTERNINVESTOR.COM ALBERTA | B15

CUSHMAN & WAKEFIELD CALGARY, AB SALE OPPORTUNITIES 2018

SELF-STORAGE PORTFOLIO 3348 58th AVENUE SE, CALGARY, AB 8825 SHEPARD ROAD SE, CALGARY, AB STRATHMORE, BROOKS, OLDS, AB Fully leased 25,335 SF single tenant industrial 99,957 SF industrial building on 12.52 acres part of Opportunity to purchase portfolio of two recently building on a 2 acre site. New 10 year lease as of the proposed South Hill Station Area Plan. Situated constructed self-storage facilities and 4.07 acres of December 1, 2017. close to Glenmore Trail, Barlow Trail and Deerfoot development land. Trail.

211 13th AVENUE SE, CALGARY, AB SPRINGBANK CREEK, ROCKY VIEW, AB ROYAL OAK, CALGARY, AB

Two bay retail space; Alura bay - 8,000 SF and Unique generational opportunity to acquire 527 Approximately 1.6 acres (site to be subdivided) of Nuera bay - 17,800 SF. Beltline area with mixed-use acres in central Springbank. Land use planning multi-family development land in Royal Oak. Excel- development. 508 residential units and excellent and engineering ready for phases 1 & 2 for 90 lots. lent local amenities and located 950 meters north exposure to high traffic volumes on Macleod Trail. Potential for development to be underway within 6 of the Tuscany C-Train Station. months of acquisition.

Scott Stoddart 1730, 111 - Associate Broker Calgary, A GREENHAVEN ESTATES, FOOTHILLS, AB BAYVIEW PHASE 10, AIRDRIE, AB Main +1 403183 261 1163 BEDDINGTON DRIVE NE, CALGARY, AB [email protected] cushma Well located ± 81.59 acres of estate residential ± 3.32 acre multi-family, fully serviced development 1.51 acre potential multi-family development site, development land with access to Okotoks for com- site. Located 10 minutes north of Calgary and YYC with proximity to retail and recreational amenities mercial services and a short commute to Calgary. along QE Highway 2. South Central Airdrie location and the future Calgary Transit Green Line. Potential with desirable west side development site. to rezone to higher density multi-family residential.

1711 26th AVENUE SW, CALGARY, AB SUPER 8 SHAWNESSY, CALGARY, AB 2620 21st STREET NE, CALGARY, AB

100% leased and well maintained 18 unit apartment Hotel investment opportunity in excellent condition 28,215 SF single tenant light manufacturing build- building on a 10,919 SF site. Currently operated following a complete renovation completed in 2017. ing, excellent location, close proximity to downtown as a furnished suite rental property with 6 heated Highly desirable location with an immediate poten- and Calgary International Airport. garage stalls, 3 covered and 8 surface stalls. tial for growth in occupancy and ADR.

Marc Rosso Tom Charlton Scott Stoddart Brad Kroeker Vice President Vice President Associate Vice President Associate Capital Markets Group Capital Markets Group Capital Markets Group Capital Markets Group CALGARY +1 403 261 1127 +1 403 261 1117 +1 403 261 1163 +1 403 261 1170 Suncor Energy Centre [email protected] [email protected] [email protected] [email protected] 111 - 5th Avenue SW, Suite 1730 cushmanwakefield.ca cushmanwakefield.ca cushmanwakefield.ca cushmanwakefield.ca Calgary, AB T2P 3Y6 main +1 403 261 1111 cushmanwakefield.com 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 2018 B16 | SASKATCHEWAN WESTERNINVESTOR.COM | MARCH 2018

Sask. & Man. | WHAT’S HAPPENING Saskatoon industrial sector

multi-unit residential space. just months after it opened to (finally) strengthens Dusty digs sold “There’s been no decision on the public. You know a neighbourhood is whether they’ll be condos or Construction has started on in good shape when buildings apartments,” Ward said, not- the 24-7 Intouch space, which that have a quarter-century of ing the buildings are ideally the company expects to open dust in them are finding new located for student housing just this summer. owners. a few hundred metres from Red A “for sale” sign has gone up River College. at 104 and 108 Princess Street Sears haunts in the Exchange District, the historic part of downtown 500 jobs Regina retail Winnipeg that’s home to the The story of retail in Regina biggest cluster of heritage expected can be summed up primarily buildings in town. by one factor: Sears. The former is a 15,000-square- As a result of Sears Canada’s foot, six-storey heritage bankruptcy, Regina added building that was built in 266,000 square feet of addi- 1885 for Manufacturers Life tional retail vacancy onto the Insurance, the precursor to market in 2017, increasing it to 4.5 per cent, the highest point Manulife Financial. The latter Saskatoon’s industrial space is being taken up, with most of the demand for is a 9,000-square-foot, three- in recent memory. newer spaces of less than 100,000 square feet. |SUBMITTED storey building that was erect- A Winnipeg-based call centre, Yet outside of Sears, the retail ed in the 1950s to replace the 24-7 Intouch, has taken space market has remained strong. or the first time since 2014, the are more expensive than ones that “twin” to 104 that had been de- in the former Target store near In fact, without Sears, the vacancy rate in Saskatoon’s have already been built out and stroyed by fire. Both are “brick Polo Park shopping centre. vacancy rates would have Findustrial sector is heading used. and-beam” loft warehouses. Only 143,000 square feet of dropped to rates lower than in south. “I’m seeing a lot of activity in Included in the deal – the sale new industrial space leased 2016. The decline from 9.7 per cent to 7.7 second- and third-generation prod- price isn’t being released but or sold last year, nearly all of Colliers Regina’s latest retail per cent at the end of 2017 doesn’t uct. I’m getting faster turnaround it’s reportedly close to the list which is owner-occupied. report summarizes 2017 retail mean that the market is in full- if it’s quality second-generation price of $1.9 million – is a 44- 24-7 Intouch said its new activity and what’s to come: blown recovery but it does move the [space],” he said. spot surface parking lot behind 55,000-square-foot office ■Sherwood Co-op Food needle. The absorption over the past There are four or five vacant build- the two buildings on Adelaide will eventually house up to 500 Store to add or relocate to 12 months means that of the city’s ings in town ranging from 60,000 Street. workers. Dream Centre’s “Runways” in 23.7 million square feet of industrial square feet to 100,000 square feet Lindsay Ward, senior associ- The call-centre company has Grasslands. space, about 1.8 million square feet in size but they don’t necessarily ate at Avison Young, said the close to 6,000 employees in 14 ■H&M is still set to open Re- is currently empty. correspond with what many would- previous owners – who had locations around the world, gina’s first location after ex- Saskatoon doesn’t often attract be tenants are looking for, he said. experience in the area as the 24-7 Intouch said in a news tensive renovations. the size of tenants that much larger “I’m regularly working with cli- owner/developer of the Fair- release. ■Booster Juice, Fatburger and markets, such as Toronto and Van- ents looking for 3,000 to 10,000 child Lofts condominium down “Winnipeg is our home, and Dollarama to be added to the couver do, but that’s okay because square feet, so I’m not taking them the street – were looking into we are very excited to be a part Golden Mile Shopping Centre local businesses have always driven into those buildings,” he said. a redevelopment plan for both of the growing business com- redevelopment. things in Saskatchewan’s biggest To avoid further oversupply in the buildings but ultimately de- munity at Polo Park,” CEO ■A new Winners/Homesense city, said Todd Butler, partner and future, Butler suggests developers cided to pass it on to “the next Greg Fettes said. was added to Grasslands senior sales associate at ICR Com- work with their brokers so they can generation” of developers. The building on the old ■A new Costco location is mercial Real Estate. cater to what’s most needed in the The new owners plan to put Canad Inns Stadium site has underway for a 2018 opening Part of the vacancy problem is the market. some commercial tenants on sat empty for nearly three years ■A seven-acre retail site in rash of speculative building that “Brokers are their best friend,” the main floors while redevel- after Target Corp. announced Coopertown will start build- occurred several years ago. In many Butler said.■ oping the upper floors into it was shutting the store down, ing in the summer of 2019. ■ cases, Butler said, those shell spaces – Geoff Kirbyson

The most credible source for commercial GET INFORMED real estate news! BEFORE YOU INVEST

Exclusive details on Western Canada’s Done Deals

Get the inside scoop with expanded coverage of sold properties

WESTERNINVESTOR.COM MARCH 2018 | WESTERNINVESTOR.COM SASKATCHEWAN | B17 SSASKATOONASKATOON ARTMENTS WESTERNINVESTOR.COM AAPARTMENTSP Get informed before you invest • Exclusive details on D! Western Canada’s Done Deals WWANTED!ANTE • Get the inside scoop with Call DEL PETERS REALTY expanded coverage of sold properties 306.934.3151 www.delpetersrealty.com

Saskatchewan Deals CO-LISTED WITH • Beautifully surrounded bare lot in the “Shores on Cowan” develop- ment just north of Big River. “Shores on Cowan” has a marina and boat launch. Vendor is very fl exible, willing to consider rent to own or offer fi nancing. Yours for as low as $249/month. Once sold for $50,000 now DEVELOPMENT LAND FOR SALE/LEASE INDUSTRIAL FACILITY FOR SALE/LEASE on market for $29,900. 802 66th Street, Saskatoon SK 100 McDonald Street, Regina SK • Newly subdivided 5 acre piece of industrial land bordering southeast of DFUHFRUQHUORWRQ0DUTXLV'ULYHLVH[SHFWHG 0XOWLXVHIDFLOLW\ZLWKH[WHQVLYHLPSURYHPHQWV6) WRH[FHHGGDLO\DYHUDJHWUDIÀFE\)DOO PDLQEXLOGLQJ6)VWRUDJHEXLOGLQJDQG6) Estevan city limits. Vendor fi nancing is also available. $175,000. ([FHSWLRQDORSSRUWXQLW\IRUKLJKSURÀOHEXVLQHVV PDQXIDFWXULQJEXLOGLQJRQ$FUHV • 5000 sqft shop on 40.06 acres bordering southeast of Estevan. Build- Sale Price: $1,270,000; Lease Rate: Market Rent Sale Price: $9,950,000; Lease Rate: Market Rent &RQWDFW7RGG%XWOHUIRUGHWDLOV ing can be fi nished to suit. Unused septic has been installed. Vendor &RQWDFW-D\VRQ(OHQNRIRUGHWDLOV fi nancing available. $359,000. • Completely just renovated 1216 sqft bungalow with an oversized dou- ble detached garage in the town of Qu’Appelle. Vendor is open to a rent to own or providing fi nancing. • 2000+ sqft 2 story commercial building on shore of Lake Manitou, liv- OWNER/USER OR INVESTMENT CHARACTER BUILDING FOR SALE/LEASE ing quarters on 2nd level. Next door to Manitou Springs Mineral Spa. 216 33rd Street West, Saskatoon SK 1938 Dewdney Avenue, Regina SK Great location for new or existing business. $499,900. 6)EXLOGLQJZLWKPDLQÁRRUUHWDLOXSSHUÁRRURIÀFH )RXUVWRUH\UHWDLORIÀFHEXLOGLQJLQWKHROGZDUHKRXVH DQGSRWHQWLDOIRUUHVLGHQWLDOVXLWHSDUNLQJVWDOOVDWUHDU GLVWULFW6)WRWDOEXLOGLQJVL]HZLWKDGHYHORSHG • Mortgage for sale on a 12,000 sqft building on 10 acres of land over- ([LVWLQJWHQDQWSURYLGHVDQQXDOLQFRPH EDVHPHQWOHYHODQGPDQ\XSJUDGHV looking a beautiful pond, situated along the Trans-Canada Hwy in Sale Price: $1,250,000 Sale Price: $2,300,000; Lease Rate: Market Moose Jaw SK. Formerly a motel, this property could be used as a motel &RQWDFW'DYLG.HUUIRUGHWDLOV &RQWDFW/LQHO\6FKDHIHURU:DONHU0RXOGLQJIRUGHWDLOV or an old age care home. This is a 15% face value non-performing note with a current balance owing of $1,400,000. Appraisal available if this ICR Commercial Real Estate were an operational seniors care home of $9,175,000. Saskatchewan’s Largest Independent FOR MORE INFORMATION Commercial Real Estate Company 6$/(6 | /($6,1* | 3523(57<0$1$*(0(17 Call Toll Free 1-866-405-1228 6DVNDWRRQ'RZQWRZQ306.664.61166DVNDWRRQ1RUWK306.933.29295HJLQD306.721.6116 email [email protected] [email protected] www.icrcommercial.com

INVESTMENT OPPORTUNITIES LOOKING FOR SELLERS - Brand new duplexes and multifamily/commercial. - We have all kinds of Commercial Buyers - CASH/QUICK CLOSING Connecting agents - Infi ll locations and new subdivisions. LAND FOR SALE (Regina & Surrounding) - Commercial/Industrial properties with long term Tenants. - MAC ZONING to the community - Land development. - INDUSTRIAL Show current and future clients you mean business Drastically Reduced Rare Opportunity

Shell Gas Station Kenosee Inn - High traffi c location For Sale - Can be purchased with bar/restaurant next door - Located in the Moose Mountain Provincial Park - Call for details; serious buyers only - Resort hotel property Regina - Moose Jaw Area - Call for more detail

Restaurant/Bar/Motel 8 Plex Balgonie Motel For Sale For Sale - 8 rooms - High traffi c - 7 two bedrooms + - Managers suite - Well established, strong sales 1 one bedroom - Recently improved - Can be purchased with - $819,900 gas station next door - New roof, windows - Just 20 minutes east of Regina Regina - Moose Jaw Area - Fully rented on TransCanada #1 Hwy John Chung, CCIM Aideen Zareh 306.501.5333 306.591.6915 [email protected] [email protected] www.commercialregina.ca B18 | SASKATCHEWAN WESTERNINVESTOR.COM | MARCH 2018 Why you should invest in Manitoba real estate, right now

ocated in the centre of The attractive Canadian dollar As a proud Manitoban, I am North America, Manitoba REAL ESTATE Low costs, high returns and the province’s central North excited to be the 2018 chair of has one of the most stable FORUM American location, make Mani- the Winnipeg Real Estate Forum, L Manitoba has some of the lowest and diversified economies in toba an ideal investment choice. which will be held on Wednesday, business costs in North Amer- Canada. With a land size of al- We are a traditional centre of May 30 at the RBC Convention ica. Winnipeg is a cost leader in most 650,000 square kilometres, commerce and have been for dec- Centre.■ aerospace, automotive, chem- Manitoba is twice the size of the ades with the advent of both ma- icals, electronics assembly, med- United Kingdom and boasts a jor railways coming through here. Manitoba business icon Sandy ical devices, pharmaceuticals, population of 1.3 million. We have a 24-hour international Shindleman is president and precision manufacturing and The capital city, Winnipeg is airport in Winnipeg, and a solid, CEO of Shindico, a leading Win- telecommunications. home to the Forks National His- reliable workforce. nipeg real estate firm. A Manitoba The province of Manitoba of- toric Site, the Canadian Museum With political and economic Entrepreneur of the Year, he has fers competitive tax rates and tax for Human Rights, the CFL’s instability affecting Asia, Af- received the Queen’s Diamond Ju- credits for investment in manu- Winnipeg Blue Bombers and the rica, Europe,the Middle-East, bilee Medal, as well as the Susan J. facturing equipment and research Winnipeg Jets, which as of press and South America, more and Groeneveld, Certified Commercial By SANDY SHINDLEMAN and development. time were No. 1 in the NHL Cen- more family offices are turning Investment Member (CCIM) Vi- Electricity costs in Manitoba tral Division. to Canada and developing rela- sionary Award and CCIM People’s are among the lowest in North Winnipeg is also home to tionships with Shindico and other Choice Award for Instructor of the America. CentrePort Canada, a 20,000- Farmers in Manitoba harvested firms in an effort to add Canadian Year. He has also contributed gen- Manitoba also has numerous acre inland port, offering oppor- a record volume of major crops real estate to their investment erously to many causes, including affordable industrial land and tunities for distribution centres, in 2017. portfolios. the Shindleman Aquatic Centre in office opportunities. warehousing and manufactur- Manitoba all-area housing Strong consumer confidence ing. CentrePort’s foreign trade starts increased 47.3 per cent in drives in everything from hous- zone program can help compan- the third quarter of 2017 – No.1 ing starts to retail expansion. Winnipeg Real Estate Forum set for May 30 ies manage cash flow and inven- in Canada. That confidence stems from job tory through deferred duties, Residential building construc- growth in Winnipeg, and also The Winnipeg Real Estate Forum will be held Wednesday, May 30, 2018, sales tax relief, duty-free storage tion increased 15.3 per cent and from the booming smaller cit- in the RBC Convention Centre. This is the fifth Real Estate Forum in the city and distribution facilities. non-residential building con- ies of Brandon, Winkler, Mor- and the first since 2016. struction increased 12.1 per cent den, Steinbach and Portage la The forum is mounted by Informa and sponsored by leading Manitoba real in the third quarter of 2017, to Prairie. French-based Roquette estate and related firms. rank No. 3 in Canada. Stable economy has begun construction on a In 2016, the forum was sold out with a record attendance of over 650 Employment increased by more new $400 million pea process- executives – 30 per cent of whom were from outside of Manitoba. Manitoba’s stable economy is due than 10,00 jobs in 2017. ing plant in Portage la Prairie. It The forum will offer a wide range of speakers, presentations and panel to its wealth of natural resources, Retail sales increased 3.6 per will be the largest plant of its kind discussions on the economic drivers responsible for Winnipeg’s strong GDP; such as hydroelectric power and cent in the first 10 months of in the world and one of the largest the major trends in the office, industrial, retail and apartment markets; the fertile farmland, and its strong 2017. private-sector investments in the availability and cost of capital; and the broad range of development activ- manufacturing base. Manitoba is New motor vehicle sales in- history of Manitoba. ity and opportunities. a major exporter of goods around creased 11.4 per cent in the first Manitoba will continue to see “The Winnipeg Real Estate Forum will help you determine what strategies the globe. Major exports include: 10 months of 2017. steady growth in 2018, as people to follow for the remainder of 2018 and beyond,” noted forum chair Sandy processed foods, vehicles and Manufacturing sales increased around the world are investing in Shindleman, president and CEO of Shindico. transportation equipment, phar- 5.6 per cent in the first 10 months the province. For forum registration, visit www.realestateforums.com/winnipegref/en/ maceuticals and paper products. of 2017. Leading export markets include Wholesale sales increased 7.8 the United States, China, Japan, per cent in the first 10 months of Mexico and the United Kingdom. last year, according to Manitoba Manitoba’s nominal GDP is Finance, economic and fiscal an- expected to grow 3.7 per cent in alysis branch. Canada’s central province has a sound and stable economy and could see 2018, the highest in the country. nation-leading economic growth into 2018

Connecting agents to the community

Ensure your community knows you are an expert and open for business MARCH 2018 | WESTERNINVESTOR.COM SASKATCHEWAN | MANITOBA | B19

BRANDON, MANITOBA MOTEL: 16 ROOMS, LIVING QUARTERS, LOCATED ON TRANSCANADA HWY#1 AT MAJOR INTERSECTION, EXCELLENT ROOM SALES, HIGH VISIBILITY/LOW VACANCY. $1,199,000.00 RESTAURANT: 90+ SEAT, TURN KEY DRIVE INN, CURRENTLY OPERATED AS SEASONAL BUT COULD BE YEAR ROUND, LOCATED ON YELLOWHEAD HWY#16, PRICED TO SELL $369,900.00 Saskatchewan INVESTMENT: 21 SUITE APARTMENT BLOCK LOCATED CLOSE TO BRANDON. LONG TERM FOR LEASE - New Retail/Offi ce TENANTS WITH WAITING LIST. MANY UPGRADES IN FLOORING, WINDOWS, ETC. • 4,370 sf demisable space still available LOCATED ON 2+ ACRES. OWNER RETIRING. PRICE $795,000.00 Accelerating success. • Space can be divided into 2 or 3 bays MOTEL: 50 ROOM FRANCHISE MOTEL, 17 YEARS OLD, FRESHLY REMODELED, LOCATED IN • 1,500 sf of new space leased FAST GROWING CITY. PRICE $4,449,000.00 • AM side of street, 27000 vehicle count per day GROCERY: ONLY GROCERY STORE IN TOWN! BEAUTIFUL 4 BEDROOM LIVING QUARTERS. 345 2nd Ave N Saskatoon SALES $1M+ IN GROCERY, LOTTERY AND LIQUOR. PRICE $475,000.00 PLUS INVENTORY. FOR LEASE - 219 Victoria Ave E RESTAURANT: 40 SEAT SUSHI RESTAURANT LOCATED ON BUSY MAIN STREET. DOWNTOWN DEVELOPMENT SITE • 850 sf end unit in mini strip mall CLOSE TO UNIVERSITY. YEARLY INCREASE IN SALES. LEASED PREMISES. PRICE $199,900 I have several motels for sale with owners anxious to sell, priced from $400,000 to 5 million SUBJECT • Ideal space for hard line retail, personal services SITE 25th STREET EAST • Available March; Call for details UNIVERSITY BRIDGE

ONTARIO AVENUE FOR SALE - Pizza Business

1st AVENUE NORTH

NUE NORTH 24th STR 2nd AVENUE NORTH RTH Century 21 Westman Realty Ltd. Rumley O VE • Located on outparcel anchored by Home Depot in Brandon, MB Direct Line:204-729-5074 Email: [email protected] ± 28,000 SF development site on the corner of Rochdale 2nd Ave N and 25th St E, the main thoroughfare to • Excellent pick up and delivery business the University Bridge. The B6 zoning allows for • 6 years in business at existing location the development of a wide range of commercial • Can renew franchise agreement or carry new name uses in a medium to high density form. • Seller Motivated asking $380,000 Keith Webb Light Industrial - West Bypass $3,980,000 MLS® Maxwell Lee 2342 99 STREET, • Intend to actualize multi-bay, light industrial building(s) North Battleford, Saskatchewan +/- 120,000 sf, high clear height & wide span In the city of North Battleford an ideal 801, 803, 805 & 807 Kristjanson Rd • Emerging industrial zoned area between Trans Canada location, city traffi c count says over 10,000 45 CARIBOU STREET, 1 MAIN STREET, Hafford & Centre Road cars daily. Corner of HWY 4 and Territorial Moose Jaw This property is located on Main St. with SASKATOON CARE FACILITY Drive, over 30,00 sq ft land with a small two lots and a building of 6100 sq. ft. on • 0.8km West bypass frontage 1km north of Quonset. This is basically bare land and Prime location downtown Moose 2 levels. Access is available from Hwy Trans Canada/South bypass Interchange is zoned commercial. Also sign board the Jaw. Retail or offi ce space with #40 & Hwy #340. The building has historic • Ease of access for truck/semitrailer fl ow to major access routes seller receives monthly revenue. Seller approximately 1700 sq.ft. appeal. Many recent upgrades have been • Ideal for show room, warehouse, light industrial, will sell lot or will build a building to suit the completed at the property. Call listing e-commerce space tenant. Call listing agent for more details. Call listing agent for more details. agent for more 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 Four (4) buildings with 60 units encompassing V.(Bill) Kutsogiannis BROKER, CCIM the efficiencies and economies of a large facility Mike Janostin and the warm, caring, atmosphere of a smaller (306) 591-2248 Owner/Broker home. Suitable for care homes, crisis housing, www.janusrealty.ca greatplainsrealty.ca [email protected] religious organizations, First Nation and Metis 306.481.5574 groups, immigrant groups, etc. Kerry Fuchs

$4,200,000 MLS® Andrew Welham 605A Main St. N., Moose Jaw, SK S6H 0W6 Phone - 1-877-694-8082 3630 Thatcher Ave Saskatoon Landmart E-mail – [email protected] AGRIPLACE STAND-OUT Website – www.royallepagelandmart.com Investment / Commercial Opportunities - Moose Jaw, SK

High-profile building between SaskTel Centre and CONTACT Costco, one (1) block south of the future North Commuter Parkway, Marquis Dr. 109,066 SF steel frame building on a 4.13 AC functionally landscaped and fully paved lot. Warehouse height 40’ and 50’. Ken Suchan

$13,500,000 MLS® Keith Webb 83 Ominica St. W. 402 2nd Ave N Saskatoon 455 High St. W. 822 Main St. N. 108 Main St. N. Brian Mike - Over 11,000 sq. ft . of - 24 suite apartment block CENTRAL BUSINESS DISTRICT - Prime Commercial Building offi ce space - Prime downtown location Walz Walz - Many updates (306)631-1229 (306)631-7232 - 5100 sq. ft . - 17000 sq. ft . on 3 levels - Prime downtown location including windows walz@ rmwalz@ - Former auto body shop - Many adaptable uses - Downtown location - Parking sasktel.net sasktel.net

± 17,424 SF development site on the corner of 2nd Ave N and 25th St E, the main thoroughfare to the University Bridge. The B5 zoning allows for the development of a wide range of commercial uses in a medium to high density form. Keith Webb

$2,448,364 MLS® Maxwell Lee 36 Athabasca St. W. 24 Chester Rd. 780 Home St. W. 1121-1127 Ominica St. E. 250 N. Service Rd.

15 Broadway St W Yorkton - Excellent investment property - Multi-purpose building - Former livestock operation - Former window/door - 3 acres with highway frontage EXCELLENT RETAIL LOCATION - Downtown location - 8000 sq. ft . - 9552 sq. ft . offi ces manufacturing plant - 21,900 sq. ft . steel building - Fully occupied with - Offi ce space & fi tness centre - 2 heated shops - Over 12000 sq. ft . - 9 rental bays & coin-op truck wash a “AAA” tenant - Asphalt parking -3.3 acres, heavy compacted yard - 4600 sq. ft . cold storage - fenced compound - 14663 sq. ft . - 3 yrs left on a graduated tax abatement -Beside CPR rail yards -3-phase power - Over 1 acre lot - graduated tax abatement

Located along the central retail strip, this property is being redeveloped and the exterior has been upgraded. The 11,321 SF space can be divided into four (4) bays with 3,000 SF leased. Yorkton is the retail/service center for ± 200,000 residents of eastern Saskatchewan and western Manitoba.

$849,000 Excl. Ron Skinner 220 N. Service Rd. 2020 Norwood Ave 82 River St. W. 115 Main St., Limerick, SK 211 1st St., Colliers McClocklin Real Estate Corp. | 306 664 4433 - 2.5 acres with hwy #1 frontage - Th riving asphalt business - Prime downtown - Historic hotel www.collierscanada.com/saskatoon Chamberlain,SK - Over 12,000 sq. ft . building - Turn-key operation development land - Family owned for over 60 years - Convenience store/gas bar w/ plenty of open interior - Plant & equipment - Next to Mosaic Place arena - Licensed for 100 patrons CIR Commercial Realty Inc. | 306 789 8300 - Right on Highway #11 www.collierscanada.com/regina space & six 14 x 14 O/H doors - 5 acres of fenced compound - Additional adjacent lot -10 great rooms - Fenced compound - Good highway access available separately - Restaurant facilities & VLT’s - Owner retiring B20 WESTERNINVESTOR.COM | MARCH 2018 RITCHIE BROS. AUCTIONEERS 15678_109057 LM 4.00 x 13.108 NONE RESULTS DRIVEN 604 684 8844

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

INVESTMENT OPPORTUNITY MOBILE HOME PARK FOR SALE | FORT ST JOHN BC 100 MILE HOUSE

JUST LISTED

• 33 Strata Apartments • Cap Rate 7% • 1/2 Bachelor + 1/2 Bedroom Mix • $2,750,000

MOBILE HOME PARK FOR SALE COURTENAY BC • 34.5 Acres • 70 Mobile Home & 14 RV Pads • Expansion Potential and Low Vacancy JUST LISTED • Close to Downtown Fort St. John, Great Highway Access • Owners Currently Operate Park from Vancouver • On Track to Gross over $370,000 this Year • 3 Acres • 25 Pads / 2 RVs / 1 Cabin • City Water, Sewer, Garbage Collection CALL FOR PRICING • $3,250,000

MHP & LAND FOR SALE MOBILE HOME PARK FOR SALE | MACKENZIE BC CAMPBELL RIVER BC

• 120 Pads, 14% Potential Cap • Close to Town Centre JUST LISTED • Town Services • Principles Only • 66 Pads Expansion / Plans Complete • 23 Pad MHP, Fully Occupied $2,400,000 • City Water, Sewer, Garbage Collection

MOBILE HOME PARK FOR SALE MOBILE HOME PARK FOR SALE | NORTHERN BC OKANAGAN BC

• 70+ MHP and 25+ RV Rental Lots REDUCED • Northern BC / Port Community COMING SOON • High Demand (Avg. $550 / Pad) • Projected 40+% Return, Won’t Last! i

• Corp. Housing Contracts Pending • Approx. 72 Pads, Low Vacancy • Close to Town Centre, Town Services • Principals Only, Buyers Fee Required $3,850,000 $1,999,888 • Approx. $2,500,000

Eugen Klein CONNECT B.Comm (UREC), FRI, CLO, CRES, ARM®, RI, CCIM, CIPS, ICD.D WITH US: Commercial Real Estate Investment

Royal LePage Sussex Klein Group | 204 - 345 Robson Street, Library Square | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 1 866 352 9311 | TF 1 855 684 8844 | www.kleingroup.com 2018 EDITORIAL LINE-UP

Every month, Western Investor readers find unique investment opportunities from across Western Canada. Advertisers can align with targeted editorial or in the geographic region of choice.

REGIONAL NEWS, MARKET UPDATES, TOP COMMERCIAL SALES

JANUARY 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

604-669-8500 | Toll Free : 1-800-661-6988 [email protected] | www.westerninvestor.com