COMMERCIAL REAL ESTATE | FRANCHISES | BUSINESS OPPORTUNITIES $4.29 • AUGUST 2017 • VOL32/8 2017 RECREATIONAL REPORT

GREAT ESCAPES | 10 FROM CONDOS TO COTTAGES Demand from urbanites driving prices higher for prime recreational property across B.C.

53 STOREYS | 14 TOWER POWER IN NEW WEST Royal City caps 10 years of rapid development with new riverfront skyscrapers

CONTENTS Full index 3 Recreational report 10 Trophy waterfront 11 New Westminster 14 Residential investing 16 Capital gains 20 B.C. report 22 Done Deals 26

PUBLICATIONS MAIL AGREEMENT 40069240 0 8 Alan Johnson, left, and Mark Lester of Unique Properties, Colliers 0 6 0 3 5 8 1 8 2 9 1 9 International: want to buy a private B.C. island? | PAGE 11

MACDONALD COMMERCIAL Commercial Sales & Leasing, Property & Asset Management and Strata Management.

macdonaldcommercial.com 604.736.5611 Listings on Page A4 & A5 A2 | LOWER MAINLAND WESTERNINVESTOR.COM | AUGUST 2017

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

• Pad Development Opportunity • 41,382 sf / 0.95 acre property • Approximately 40,000 sf, two storey building • 8.63 acres of development land approved for • 2 lots: 38.4 and 40 acres • 1.43 acres site with net rentable area of 23,565 sf on 23,262 sf corner site mixed-use development • 3 storeys, 39 suites and 27,267 sf • Beautiful views • Net Operating Income $564,668 (as of 09/2017) of net rentable area • Located in Strathcona, walking distance to • Views of Sooke Harbour & the Olympic Mountains • Future residential development property • Long term lease • 4.4% capitalization rate amenities of Venables and Commercial Drive • Serviced, zoned, marina leasehold included or ideal estate lots • Listing Price $9,800,000 • Asking Price $7,600,000 • Asking $6,300,000 • Asking $3,500,000 per lot GREG MILES | CHRIS J. NEWTON* BILL RANDALL* | ANNE TANNER* PETER GIBSON* | JON BUCKLEY* DON DUNCAN* | CHRIS DRIVER* MATTHEW MACLEAN* TIM SOMMER* BILL RANDALL* CO-LISTED WITH FORM RETAIL INVESTMENT OPPORTUNITY MULTI-FAMILY FOR SALE PROSPERITY BUILDING AT INSPIRATION BUILDING AT FOR SALE DEVELOPMENT OPPORTUNITY 158 ACRE DEVELOPMENT SITE DOCKSIDE GREEN DOCKSIDE GREEN WHITEWATER MOBILE HOME PARK 342 WALE ROAD, COLWOOD, BC KNIGHT CRESCENT, PRINCE GEORGE, BC 388 HARBOUR ROAD, VICTORIA, BC 398 HARBOUR ROAD, VICTORIA, BC

• 3245 Paris Street, Penticton, BC • Centrally located in the rapidly growing West • 158 acres just off the Hart Highway • Spectacular Turnkey Class “A” Strata • Spectacular Turnkey Class “A” Strata • 10.76 acres / 93 Home pads Shore community of Colwood • Plan includes a mobile home park, single family • Ground Floor - 4,393 sf • Second Floor - 6,642 sf • Asking Price $10,800,000 | 5.0% Cap • Site size of 59,374 sf and multi-family lots • Second Floor - 1,657 sf • Third Floor - 6,641 sf • Asking Price $2,999,000 • Asking $2,850,000 • Third Floor - 4,100 sf DON DUNCAN* | CHRIS DRIVER* MARSHALL MCANERNEY* HM COMMERCIAL GROUP TIM SOMMER* | CHRIS DRIVER* BILL RANDALL* COLLEEN AUSTIN | ANNE TANNER* COLLEEN AUSTIN | ANNE TANNER* KELOWNA AREA FOR SALE: 30 ACRES OF FOR SALE/LEASE - GLOUCESTER ±21,000 SF BUILDING ON FOR SALE: SURREY CENTRAL SHOPPING CENTRE DEVELOPMENT LAND INDUSTRIAL ESTATES 4.5 ACRE LAND DEVELOPMENT OPPORTUNITY WESTBANK SHOPPING CENTRE BEAUMONT LAKES SOUTH, EDMONTON, AB 5363 & 5368 273A STREET, LANGLEY 26345 62ND AVENUE, LANGLEY 10519 & 10525 135A STREET, SURREY

SITE (±30 ACRES)

A B

• GLA: 73,898 sf; Lot Size: 8.6 acres • Beaumont Alberta - Prominent location • 5363 273A St.: 23,794 sf (Warehouse/Office/Mezz) • Close proximity to Highway #1 (Langley, BC) • ±14,981 sf land in Surrey City Centre • Leasehold interest with 74 years left • 30 acres - Commercial & Residential uses • 5368 273A St.: 12,686 sf (Warehouse/Office/Mezz) • Asking Price $3,250,000 • Asking Price $1,850,000 on a prepaid lease • ±165,000 per acre • 24’ & 26’ ceiling heights • Zoned Institutional • Designation: Midrise / 3.5 FAR • Tenanted by: Landmark Cinemas, Tim Hortons, • Asking $5,000,000 • Ample turning radius & enclosed storage • Land in ALR/Grandfathered • Commercial uses possible White Spot and TD Bank with fence PETER GIBSON* KEVIN MEIKLE*** | EDGAR BUKSEVICS* HARPREET SINGH* BILL HOBBS* | DAVID POTTINGER HARPREET SINGH* | MICHAEL HARDY* HARPREET SINGH* | MICHAEL HARDY* FOR SALE INVESTMENT OFFERING ABBOTSFORD INVESTMENT BRAND NEW STRATA UNITS IN FOR LEASE - RARE 46,400 SF WEST END HOLDING PROPERTIES FULLY LEASED INDUSTRIAL BUILDING PRICE REDUCED! PORT KELLS STAND ALONE BUILDING WITH REDEVELOPMENT POTENTIAL NEWTON INVESTMENT 2451, 2455 & 2467 CLEARBROOK ROAD 19715 96TH AVENUE, LANGLEY 3600 VIKING WAY, RICHMOND ABBOTSFORD

SITE

1386 & 1390 THURLOW STREET, VANCOUVER • Strategic multi-family holding properties • 10,000 sf building on 1.21 acre site • 2,414 sf to 40,098 sf • Total lot size: 3.094 acres • Designated high-rise density in West End • Strong national tenant covenant • 0.54 acres commercial land • Dock and grade loading • Flex office and warehouse configurations Community Plan • Fully paved, fenced, drained and • Opportunity to purchase all or select sites • Exposure to 96th Avenue and Telegraph Trail • Zoned IB1 (International Business Park) • 2 blocks from the beach with potential for landscaped yard • High visibility location • Please contact listing agents for more details water views • Potential for drive-through uses • Contact listing agents for asking price BRETT AURA* | CRAIG W. BALLANTYNE* BILL HOBBS* HARPREET SINGH* ANDREW GREEN* RON EMERSON | JORDAN SENGARA* FOR SALE FULLY TENANTED FOR SALE EXCELLENT FREESTANDING FOR SALE - 168.7 ACRES THE DUNCAN COURTHOUSE INDUSTRIAL PROPERTY FULLY LEASED BUILDING INDUSTRIAL VALUE WITH RENTAL INCOME 238 GOVERNMENT STREET, DUNCAN, BC CLOVERDALE INVESTMENT PROPERTY 4898 MAIN STREET, VANCOUVER 2664 BEDFORD STREET, PORT COQUITLAM 2575 ALASKA HIGHWAY, FORT NELSON, BC

• Opportunity to purchase a well maintained • 22,500 sf freestanding manufacturing/ • AAA National Covenant Tenant • 7,642 sf shop and office building provincial government tenanted Courthouse distribution warehouse • High profile location • 18,021 sf site • 11,000 sf building on 168.7 acres and office buildings (includes office, coffee room & a parts room) • Dock and grade loading; Fenced compound • 10,027 sf retail strata • Can be made available to occupy by July 1st, 2018 • 10 year leases in place; leasable area is 30,047 sf • Current lease rate is $273,900 net per annum • Strong International Covenant • Asking Price $9,380,000 • Future multi-family upside • Cap rate 5.13% for the building and 20 acres • $1,600,000 • Price $ 8,200,000 • Asking Price $4,900,000 ANNE TANNER* | ADAM FRIZZELL BILL HOBBS* CRAIG HAZIZA** RICK EASTMAN* | KEVIN VOLZ* BILL RANDALL* METROTOWN DEVELOPMENT DUNBAR STREET INVESTMENT OR PRIME CORNER COURT-ORDERED SALE FOR SALE OPPORTUNITY DEVELOPMENT OPPORTUNITIES RETAIL BUILDING LOTS 26 & 27 - 3220 OTTER POINT ROAD 250 HIGHWAY 97A VERNON/SPALLUMCHEEN, BC ROYAL OAK AVENUE, BURNABY 3456 & 3496 DUNBAR STREET, VANCOUVER 615 TWELFTH STREET, NEW WESTMINSTER SOOKE, BC

• 24,683 sf site (198’ x 125’) • C-2 zoning (FSR 2.5), no rezoning required for • Lot size: 4,698 sf • 1.49 acres • Located in Spallumcheen Valley • Marlborough sub area of Metrotown Plan redevelopment • Building size: 3,444 sf • 20,000 sf industrial building • 112 acres • 4.9 maximum FSR • Highly desirable Westside street • Zoning C2-A (4 storey development potential) • Site is fenced and paved • Industrial zoning • Walking distance to schools, parks and shops • Asking Price $1,499,000 • Asking $4,500,000 • Contact listing agent for asking price

BRETT AURA* | KYLE WILSON BOE IRAVANI* ALEX CHRONAKIS BILL RANDALL* | ELIZABETH MEARS BILL RANDALL* | ERIC RICE 604 683 3111 / cushmanwakefield.com *Personal Real Estate Corporation / **Craig Haziza is licensed with CAH Realty Inc. and has a contractual relationship with Cushman & Wakefield Ltd. ***Kevin Meikle is licensed with K.H.M. Realty Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. / ****Sean Ungemach is licensed with SBU Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. / E.&O.E.: This communication is not intended to cause or induce breach of an existing agency agreement. The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Cushman & Wakefield Ltd. VANCOUVER | LOWER MAINLAND | VANCOUVER ISLAND

Contents | AUGUST 2017

OPINIONS & FEATURES NEWS & COMMENT WESTERN PERSPECTIVE 6 Annual recreational report Frank O’Brien, Western Cottage country heating up across B.C. 10 Investor editor, says Residential investing misguided government Ottawa tax threat collides with rental zoning 16 housing policy stresses the most vulnerable owners China-backed investor buys Grouse Mtn. 25 Multiple offers received on $200M resort PRIVATE HOME TAX BREAK 20 Done Deals The principal residence What sold and for how much in Western Canada 26 capital gains tax exemption may not be as bulletproof as we think it is, says tax lawyer William Cooper ADVERTISING DIRECTORY CHINA BUYERS LOOKING EAST 22 Montreal and Toronto Lower Mainland 2-21 now more popular than Services 19 Vancouver with China-based Sea to Sky/Sunshine Coast 22 homebuyers, according to Vancouver Island 24-27 latest search engine data MORE OPPORTUNITIES SECTION B Interior B.C., Alberta & other provinces, recreation COVER FEATURE Unique Properties agents Alan Johnson and Mark Lester present 11 some of the top waterfront properties in B.C. l COLLIERS INTERNATIONAL

Call: 604.669.8500 or 1.800.661.6988 | Fax: 604.669.2154 | Email: [email protected] or visit us online at: www.westerninvestor.com | 303 WEST 5TH AVENUE, VANCOUVER, B.C. V5Y 1J6

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

SALES

CALL Don Munro [email protected] SUTTON GROUP 604-817-7338 www.donmunrorealestate.com WEST COAST REALTY COMMERCIAL/INDUSTRIAL ACREAGE ACREAGE ACREAGE Fill Site ABBOTSFORD LANGLEY LANGLEY • 600,000 cubic meter fi ll site on acreage property 889 Lefeuvre Road 5079 240th Street • Great exposure 1457 248th Street • Zoned Agricultural A-1 • +/- 137,000 Sq.Ft. in 3 growing areas, plus potting • Highway access • 39.54 Acres • Highly visible & easily accessible corner location... area, boilers, staging area, pesticide area, • Call for Confi dential Details • Beautiful park like property, relatively fl at a prime location for your Agricultural Business with no watercourses lunchrooms, bathrooms and mezzanine storage CHILLIWACK • Extensive Improvements...including; • Currently +/-137,000 Sq.Ft. room to expand to +/- • Zoned RU-2 200,000 Sq.Ft.-Room to Expand up to 66% site coverage 8558 Chilliwack Mountain Road - 58,700 sq.ft. two story mushroom barn • +/- 2,600 Sq. Ft., 3+ 1 Bedroom Rancher with Basement with 134,000 sq.ft. growing area • +/- 2,513 Sq.Ft., 3 Bedroom Rancher, • 10.687 Acres • +/- 275 Sq. Ft. Greenhouse +/-1,155 Sq.Ft. Employee Residence, - 36,800 sq.ft multi-use building • Concept A +/- 1,200 Sq.Ft. Workshop/Garage - Landlord will be using the Northern Most Portion • +/- 1,620 Sq. Ft. Workshop - 3,200 sq.ft. workshop • City Water-Commercial/Industrial sized Fronting Chilliwack Mountain Road • Set up for a mushroom farm… but adaptable for • +/- 648 Sq. Ft. Quail House/Fuel Storage - 3 additional lots • +/- 2,280 Sq. Ft. Barn with a +/- 2,280 Sq. Ft. Loft water connection at property line anything… Only limited by your imagination! • 3 Driveway accesses $3,300,000 - All fronting Aitken Road • 3 phase power Call For Pricing • +/- 2,542 Sq. Ft. Stable - Aligned with current city zoning M3(General • +/- 3,300 Sq. Ft. Implement Shed 6681 Glover Road Industrial) and M4(Heavy Industrial ) LANGLEY • 4 Bedroom, 2 Storey Residence Built “1909” • Concept B • +/- 462 Sq. Ft. Chicken Coop 7025 272nd Street • +/- 120 Sq. Ft. Storage Shed • +/- 83,000 sq.ft. of Buildings - Landlord will be using the Northern Most • 3-1/2 acres Parking • Zoning RU-3 Lot Fronting Chilliwack Mountain Road • 11.9 Acres beautiful mountain view property • Close Proximity to Everywhere • Close Proximity to Everywhere Call Us For Pricing - 4 additional lots • Easy Access to the TransCanada • This Property Should Belong to You!! $3,775,000 - 2 fronting Aitken Road, 2 accessed off cul-de-sac • 7,506 Sq. Ft. Main House CHILLIWACK - Rezoning needed to M1(Light Industrial) and/or • 2,507 Sq. Ft. Secondary House 8261 264th Avenue M2(Service Industrial) • 5 Acre View Property 51140 Ruddock Road • 1,014 Sq. Ft. Garage • +/- 6,325 sq.ft., 4 Bedroom, 6 Bathroom • 27.097 Acres ACREAGE • 2,299 Sq. Ft. Bike Garage $3,699,999 • Signifi cant road frontage custom built home with double car garage • Possible development opportunity SUNSHINE COAST` 3560 264th Street • 4 car garage with 1,200 sq.ft. custom built guest house • Proposed zoning Comprehensive Development (CD) 2525 Lower Road • 7.12 Acres • Panoramic Views of North Shore Mountains and • Only 15 minutes to schools, doctors & medical services • 4.1 Acres Waterfront Property • 4 Bedroom, 2 Bathroom +/- 3,639 sq.ft. Fraser Valley from most rooms in the home $1,995,000 • 265’ of waterfront substantially rebuilt home • Gated Driveway with home set well back on 7630 Nixon Road • Less than 1/2 hour drive from ferry • Guest Suite • Pool • 24’ x 60’ detached workshop property for Optimal Privacy • 60.1 Acres • Private end of road building location • Five bedrooms each with own ensuite • View of Mt Baker • Zoned RU-3 • Great Locations • Many balconies and patio to enjoy the view and • Build your private estate here • 4,950 Sq. Ft. One and a Half Storey Home • Split Land Use Zoning - 31% RH (Rural Hillside) & • Cedar Deck facing Ocean • Currently running a small engine repair facility on site for extensive outdoor living 69% RSV1 (Limited Use Reserve) • Beautiful view property $3,998,000 $2,100,000 • Zoned RU-3 $2,500,000 • Property is not located in the ALR $3,000,000 ✓ VALUE FOR $ ✓ GOOD RETURN ✓ TENANT COVENANT ✓ UPSIDE ✓ CAREFREE A4 | LOWER MAINLAND WESTERNINVESTOR.COM | AUGUST 2017

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

COURT ORDERED SALE INVESTMENT OPPORTUNITY W BROADWAY CORNER DEVELOPMENT SITE W/ INCOME PORT MOODY INVESTMENT / DEVELOPMENT SITE

INLET STATION

ST. JOHN ST

SALE SALE SALE SALE

3683 E Hastings St, Vancouver, BC 20456 Fraser Highway, Langley, BC 3080 W Broadway, Vancouver BC 3227 St Johns St, Port Moody, BC • 74,125 sqft Mixed Use Building • Character Retail Building Downtown Langley • 11,630 sqft site • Approx. 5 min walk to Inlet Center Skytrain Station • 70 Residential Units with 42,350 SF of Retail / • Near proposed LRT Station • Zoned C-2C Commercial Zone (3.0 FSR) • Potential 6 storeys mixed-use area Office Space • 33,670 SF C-2C Zoned Site • Good Holding Property • In the heart of Kitsilano • Site size: 16,890 sf • Walking Distance of the Kootney Loop Transit • Price $1,500,000 • Demolition Calls in Place • Price: $5,000,000

Brian Tattrie & Matt Nugent* 604.736.5611 Steve Schweighert 604.714.5727 Brian Tattrie & Matt Nugent* 604.736.5611 Fay Tseng & Brian Tattrie 604.714.5730

WATERFRONT 40-ROOM HOTEL & MARINA MULTI-FAMILY APARTMENT BUILDING RETAIL / OFFICE OPPORTUNITY DUNDARAVE STRATA PROPERTY

SUBJECT

SALE SALE SALE SALEMark Hagedorn* 604.714.5524

6555 Hardy Bay Rd, Port Hardy, BC 1030 Harwood St, Vancouver, BC 107 - 2419 Bellevue Avenue, West Van, BC 2458 Haywood Ave, West Vancouver, BC • 2.6 acres of waterfront land, 4 acres of water • 3 Storey with 30 Suites - Downtown Vancouver • Private entry from Bellevue Ave with open plan • Dundarave strata suitable for office or retail lease, 1000 ft new & reconditioned docks, full • Site Size: 12,969 SF (99’ x 131’) • 545 SF with 26 ft of south facing windows & • Size: 1,317 sq. ft. service restaurant and pub, liquor store, marine • Zoned RM-5A Multiple Family skylights • New carpet & ceiling tiles • Corridor • Monthly Strata Fee: $390.06 store, fuel dock, storage and laundry facilities. • Assessments: $23,390,100 water views • Price $799,000 • Reduced Price: $799,000

Cynthia Dong* 604.518.8230 Cynthia Dong* 604.518.8230 Mark Hagedorn* 604.714.5524 Barb Burrows 604.714.4765

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

SALE SALE SALESALEMark Hagedorn* 604.714.5524 LEASE

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

MULTI-FAMILY - 34 UNITS MULTI-FAMILY - 201 UNITS MULTI-FAMILY- 199 UNITS MULTIFAMILY SITE – 25 ACRES

SALE UNDER CONTRACT SALE SALE

Prince George, BC - 2 properties Central BC - 4 Properties Kitimat, BC - 2 Properties - 8 Titles Terrace, BC – Residential Subdivision • 21 Strata TH’s and 13 unit Apt Bldg • Extensive updates – 9% Cap Rate • Renovated, good cccupancy • Mostly flat site with services to property • Good condition, good location • Gross rents average $148k/month • Extensive renovations – Good condition • Multifamily development potential • To be sold as a package • Price: $4.75 M • Price: $3.795 M • Price: $10.95 M • Can be sold separately or together • Price: $14 M Bruce Long* 604.312.2000 Bruce Long* 604.312.2000 Bruce Long* 604.312.2000 Bruce Long* 604.312.2000

6-SUITE APARTMENT BUILDING RESTAURANT/COMMERCIAL SPACE INVESTMENT OPPORTUNITY RETAIL/OFFICE SPACE

SALE SALE SALE SALE

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

Dan Schulz* & Chris Winckers 778.999.5758 Dan Schulz*, Mark Hagedorn*, Marion Meyer Mark Hagedorn*, Dan Schulz*, Chris Winckers Mark Hagedorn* 604.714.5524

Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice. *Personal Real Estate Corporation macdonaldcommercial.com AUGUST 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A5

355 Burrard Street, 14th Floor Vancouver, British Columbia V6C 2G6 +1 604 998 6001 jll.ca INVESTMENT PROPERTIES FOR SALE 1555 Jubilee Street 510 Yates Street 3819 Cambie Street 2181 Haultain Street Victoria, BC Victoria, BC Vancouver, BC Oak Bay, BC

NEW LISTING NEW LISTING FOR SALE UNDER CONTRACT

• 21 unit centrally located • Opportunity to maintain • Waterfront brick heritage • /,2+!Ɲ,,//"012/+1 • Centrally located in • Desirable mix of spacious • 39 character units of • Near downtown Victoria in apartment building near 1%"&+ /"!& )" 0%Ɲ,4,/ building 4&1%Ǘ+!+!ǘ/!Ɲ,,/ Cambie Village unit types predominately spacious 2 prestigious Oak Bay Royal Jubilee Hospital reposition the asset • Located in Victoria’s ,ƛ& "0- "0 • 220m from King Edward • Revenue upside and bed suites • Below market rents downtown core • 100% leased Canada Line Station value-add opportunity [email protected] [email protected] [email protected] [email protected]

13011 Steven Avenue 7030 King George Highway 360 East 14th Avenue 261-263 Arrowstone Drive Summerland, BC Surrey, BC Vancouver, BC Kamloops, BC UNDER CONTRACT UNDER CONTRACT FIRM FIRM

• Summerland rental • Prominent location • Triple-net lease with • Exceptional exposure on • 28 unit value-add • Large lot in heart of trendy • 2 building, 46 unit rental • Excellent curb appeal property lending breathtaking view national tenant %&$%Ȓ1/ƛ& &+$ ",/$" apartment building Mount Pleasant complex • Well located next to • 11 spacious townhome of the South Okanagan • Approx. 18,000 sf of Town Blvd. • Immaculately maintained Sa-Hali Secondary and style suites Valley Centre designated land inside and out amenities [email protected] [email protected] [email protected] [email protected] INDUSTRIAL, RETAIL & LAND FOR SALE Wilson & Whitaker Road 255 Powell Street Unit 105 - 107 7088 Venture Street 2460 Viking Way Courtenay, BC Vancouver, BC Delta, BC Richmond, BC FOR SALE FOR SALE FOR SALE FOR SALE

• Land for sale • Outdoor/recreational • Fully leased, strata retail • 3.5% return on existing • 8,196 s.f. (2,166 s.f. leased) • Bonus Income from • 34,945 s.f. freestanding • 1 grade loading door • 3.7 acres - 8.7 acres opportunities space income • ƛ& "ȡ4/"%,20" leased units 4/"%,20"ȡ,ƛ& " 2&)!&+$ • 26’ warehouse ceiling • Hydro at lot line • Close to amenities • 739 s.f. including 94 s.f. of • Located in an up and space in modern strata • 10 parking stalls • Situated on 1.50 acres height • Beach access • CR-1 zoning patio space coming neighborhood development • Asking Price: $1,640,000 • 4 dock loading doors • ESFR sprinklers [email protected] [email protected] [email protected] [email protected]

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

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

VICTORIA LANDMARK PUB & LIQUOR STORE VANCOUVER ISLAND VICTORIA MULTI-FAMILY LAND ASSEMBLY VICTORIA COMMERCIAL / MULTI-FAMILY

SALE SALE SALE SALE

Thriving Businesses, Land and Building Brand New Retail / Residential Building Victoria, BC Price: $3,400,000 Three Story Building Price: $2,900,000 nd • Lease Income from 2 floor Offices • Liquor Store (LRS) on Main • Up to 29,600 SF • +/- 2,590 SF Retail on Main • Building +/- 9,542 SF Lot Size +/-25,619 SF • 3 Residential Suites Up • Adjacent to Gorge Pointe Pub Lands • (3) 2-Bedroom & (1) 1-Bedroom • OCP Mixed Use - Commercial / Multi-Family • Pro-Forma 14% Combined Cap. Rate • Good Holding Property • Bldg 7,828 SF / Lot 7,474 SF • Price: $4,350,000 • Price: $4,195,000 • Nice neighborhood with waterfront parks Hans Van de Kamp 250.704.8275 Hans Van de Kamp 250.704.8275 Hans Van de Kamp 250.704.8275 Hans Van de Kamp 250.704.8275

LOWER MAINLAND DEVELOPMENT SITES DEVELOPMENT SITE IN LAKE ERROCK MissionMMi ion Vancouver LOUGHEEDLake HIGHWAY Errock FRASER VALLEY PARCEL G

DEVELOPMENT LAND Mission PARCEL D LOOKING FOR 124 Acres Lake Errock SALE DEVELOPMENT LAND “MISSION” • Potential Development - Zoned to allow 10-acre Development Site parcels (potential 12 X 10-acre Lots) • Land in neigh- Have buyers looking for small acreage development sites. Under $15,000/ acre bourhood rezoned and subdivided into 5-acre parcels Seeking land suitable for subdivision into small acreage (potential 20- 5-acre lots)• Neighbouring property home sites RU-16 seeking rezoning for single family lots. • 15 miles from Bob Scragg* 604.290.2906 Bob Scragg* 604.290.2906 Central Mission, off Lougheed Highway on route to Taylor Scragg 604.773.7873 Taylor Scragg 604.773.7873 Harrison Hot Springs •Asking price $1,900,000 *Personal Real Estate Corporation macdonaldcommercialmacdonaldcommercial.com.com A6 | LOWER MAINLAND WESTERNINVESTOR.COM | AUGUST 2017 Most vulnerable homebuyers stressed by government COMMENT | First-time homebuyers and modular-home owners are victims of Ottawa’s misguided PUBLISHER: Janai York attempt to rein in a runaway housing market by restricting access to insured mortgages EDITOR-IN-CHIEF: Joannah Connolly EDITOR: Frank O’Brien or young people, home- lending options, often with much clients have already been forced CONTRIBUTING WRITERS: Bill Cleverley, Tanya ownership is the most im- WESTERN higher interest rates, shifting the to use a private lender in order to Commisso, William Cooper, Geoff Kirbyson, Glen portant first step they can PERSPECTIVE debt load away from the stability refinance, but at a much greater Korstrom, Peter Mitham, Frank O’Brien F PROOFREADER: Meg Yamamoto take on the route to financial of mortgage insurance. cost. PRODUCTION: Darko Isic security. But now the feds have also These refinancing restrictions ADVERTISING SALES: Behrouz Habibi, It could also be said that, for have the necessary down payment prohibited insured homes from aren’t unique to modular homes, David Witherspoon Canadians who may have slipped and 20 per cent of these know they being refinanced, though most but can also include micro-sized ADVERTISING SALES CO-ORDINATOR: Angela Foster CIRCULATION: Angela Foster on that path, a modular home of- would fail the stress test, accord- mortgage lenders require modular condos and other homes on lease NEWSSTANDS: Globe Distribution Services fers an affordable opportunity to ing to a survey by Mortgage Pro- homes located in a modular-home land – in short, the affordable PRINTED: In Canada at Kodiak share in the housing market. fessionals Canada. park to be insured, regardless of homes that governments are sup- Western Investor is published monthly by Yet both of these sectors are now “Next-generation homebuyers the owner’s equity. posedly encouraging. RE Weekly Limited Partnership being overstressed by the federal in Vancouver have the highest Such homeowners seeking The government’s strategies VANCOUVER HEAD OFFICE: 303 West 5th Avenue, Vancouver, B.C. V5Y 1J6 government in its failed attempt stress levels around home pur- refinancing are now being told to cool the housing market have SUBSCRIPTIONS AND ADVERTISING SALES: to rein in a hot housing market. chasing decisions and are the least this is not possible, at least not clearly had limited success, Tel: 604-669-8500 Fax: 604-669-2154 The first problem is the mort- optimistic,” the survey found. through the major lenders and at since prices continue to acceler- Canada/U.S. toll-free: 1-800-661-6988 gage stress test forced on any Those who do not meet the the most competitive rates. ate in Canada’s hottest housing Canadian publications mail product sales agreement first-time buyer who has less than stress test were asked how they An RBC spokesperson confirmed markets. #40069240, GST #105655567 Copyright 2017. While every effort is made to a 20 per cent down payment. In would proceed. The respondents that it requires all modular homes But the government measures ensure the accuracy of articles and advertising Metro Vancouver, this means said they had three stress-indu- to have default insurance issued will ensure that first-time buyers that appear in each edition of Western Investor, having at least $120,000 in cash cing options: scramble to find the by Canada Mortgage and Housing and those clutching at the bottom the publisher may not be held responsible for any if you want to purchase a typical extra money, buy a less expensive Corp., thereby prohibiting any fringe of the housing market will errors or omissions that may from time to time ■ occur. No part of this publication may be reprinted condominium, the lowest-cost home or delay their purchase. of those properties from being remain the true victims. in any medium without the express written option available. Rather than decreasing debt eligible for refinancing. permission of RE Weekly Limited Partnership. Nearly half of potential first- load, the stress test is driving A Nanaimo mortgage broker FRANK O’BRIEN | Editor time buyers in Vancouver do not said several of his modular-home [email protected] some consumers to uninsured ADVERTISING DEADLINE September 2017 issue: NEXT MONTH: SELLING & BUYING A BUSINESS; FRANCHISES; CLOSE UP ON SASKATOON August 11, 2017

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

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

1333 JERVIS ST, VANCOUVER 2115 E HASTINGS ST, VANCOUVER 2778 E HASTINGS ST, VANCOUVER 3591 OAK ST, VANCOUVER 2328 GALT ST, VANCOUVER Fully rented apartment building in the Newer 37-suite apartment buildings with Newer 34-suite apartment buildings 26-suite co-op apartment building 28-suite new purpose built apartment West End near English Bay ground level commercial** with ground level commercial** 132’ x 120’lot. Shaughnessy area Completion summer 2018 $26,000,000 $21,800,000 $18,500,000 $18,500,000 $16,900,000

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

**Can be purchased together (total 71 suites)

MULTI-FAMILY DEVELOPMENT DEVELOPMENT DEVELOPMENT DEVELOPMENT STR EET SOLD UNDER CONTRACT EDMONDS ST

IMPERIAL ST ROYAL OAK AVE OAK ROYAL HUMPHRIES AVE HUMPHRIES AVENUE 1686 W. 12 AVE, VANCOUVER 7444 EDMONDS ST, BURNABY 5291 IMPERIAL ST, BURNABY 210A EVERGREEN DR, PORT MOODY 10315-10335 133 ST, SURREY 11-storey 48-suite concrete rental tower High-density mixed-use site Mixed-use development site Development Site with holding income Development site in City Centre Corner lot 150’ x 125’ (18,750 SF) Edmonds-Highgate area 9,288 SF site; 2.2 FSR 7.17 acres 43,505 SF $21,950,000 $3,800,000 $3,200,000 $32,500,000 Call agent

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

INDUSTRIAL INDUSTRIAL OFFICE RETAIL RETAIL SOLD 114 TH AVE

HWY 17 124TH ST 124TH

1-120 GLACIER ST, COQUITLAM 11375 124TH ST, SURREY 18 GOSTICK PL, NORTH VANCOUVER 101-1401 WEST 8TH AVE, VANCOUVER 3620-3622 MAIN ST, VANCOUVER Corner strata unit Well-located Bridgeview industrial land 2,483 SF office (1,497 SF & 986 SF) Main floor retail space on the Westside New building with excellent natural light 3,952 SF; M-1 zoning 0.69 acre; I-4 zoning Stunning views of Vancouver 6,536 SF on West 8th & Hemlock Street 1,213 SF prime corner location $775,000 $1,250,000 $29.50 PSF, per annum $18.00 PSF, per annum $55.00 PSF, per annum

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

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 AUGUST 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A7

For more information, visit www.avisonyoung.com or phone 604.687.7331

FOR SALE: Eminata Centre – 11125 124th Street, Surrey, BC FOR SALE: 8804 – 8828 Osler Street, Vancouver, BC

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BDSF Michael Buchan* / Robert Greer* / Amanda Payne Michael Farrell / Layla Vera FOR SALE: 1045 & 1065 Burnaby Street, Vancouver, BC FOR SALE: 14195 256th Street, Maple Ridge, BC

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2VFTOFM Justin Omichinski* / Jake Luft / Nabila Lalani Max Ripper FOR SALE: 1476 W 8th Avenue, Vancouver, BC FOR SALE: 444 Ellis Street, Penticton, BC

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Justin Omichinski* / Max Ripper / Nabila Lalani Bill Elliott / Derek Lee

*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 | AUGUST 2017

RESULTS DRIVEN. 604 684 8844

COMMERCIAL REAL ESTATE SERVICES www.kleingroup.com

RETAIL STRATA FOR SALE / LEASE SALE/LEASE/BUILD TO SUIT | BLAINE WA NEW WESTMINSTER BC DEVELOPMENT OPPORTUNITY | QUESNEL BC

•C-4 Highway Commercial VANCOUVER 1HR NORTH •Prime Location (Located Next to City of Blaine :DO0DUW([WUD)RRGV 5RQD •2 Lots Available (9.9 - 12.3 Acres) 70% LESS THAN GVRD INDUSTRIAL LAND PRICES •+LJK7UDIûF$UHDQH[WWR6N\7UDLQ [EUGEN KLEIN, CHRIS HAYNE, SIMONA TUDOR] •1,213 SF, One Parking Spot 176TH ST •$629,000 or $26 / SF [RAMAN BAYANZADEH, SUMIR CHAUHAN] CALL FOR DETAILS

SEATTLE 2 HRS SOUTH RETAIL STRATA FOR SALE NORTH VANCOUVER BC RESIDENTIAL DEVELOPMENT LAND | QUESNEL BC •15,000 SF - 1,000,000 SF Buildable; 3.98 to 74 Acre Site Available - Build Ready! •RS-1 Single Dwelling Residential •6)&RQWLJXRXV6LQJOH6LWH)XOO([SRVXUHWR+LJKZD\,DQG65 •Prime Location (Close to Downtown, •$230,000 to $280,000 USD per Acre; $6.00 - $7.00 / SF Lease Rate on New Build to Suit Schools and Recreation) •%LQGLQJ6LWH3ODQ7UDIûF6WXG\:HWODQG0LWLJDWLRQ$UP\&RUSV '2($SSURYHG •3 Parcels Available (8.3 - 23 Acres) •8VHV7HFK&DPSXV2IûFH0HGLFDO5HWDLO0DQXIDFWXULQJ'LVWULEXWLRQ:DUHKRXVLQJ Cold Storage, Free Trade Zone [EUGEN KLEIN, RAMAN BAYANZADEH, DEAN THOMAS] •+LJK7UDIûF/RQVGDOH([SRVXUH [EUGEN KLEIN, CHRIS HAYNE, SIMONA TUDOR] •890 SF on Lower Lonsdale near W 3rd

•Fully Improved with Washroom

$900,000 - 12,900,000 USD •$950,000 [RAMAN BAYANZADEH, POURIA NIKRAVAN] CALL FOR DETAILS

PRINT & MEDIA COMPANY FREESTANDING BUILDING RETAIL FOR LEASE FOR SALE ABBOTSFORD BC VANCOUVER BC MULTIPLE OFFICE UNITS FOR LEASE | DELTA BC

•8035 120th Street (Scott Road) •&RUQHU([SRVXUH+LJK7UDIûF •Up to 6 Units Available

•620 SF - 2500 SF, Free Customer Parking

•Tenant Incentive Packages Available •+LJK3URûOH&OLHQWHOH •Located on Clearbrook Road •Located in the Heart of Kitsilano [SUMIR CHAUHAN, RAMAN BAYANZADEH] •2016 Sales Over $3,000,000 •14,000 SF of Land, 8,836 SF Building •1,714 SF, 2 Parking Spots

•Seller’s Disc. Cash Flow $560,000 •2 Storey Mixed Use - Income Property •$37 / SF

•$1,390,000 [RAMAN BAYANZADEH, SUMIR CHAUHAN] •Principals Only [SUMIR CHAUHAN] [RAMAN BAYANZADEH, POURIA NIKRAVAN] $19 / SF

FREE STANDING BUILDING DEVELOPMENT LAND FOR SALE RETAIL PROPERTY FOR SALE- MULTIFAMILY INVESTMENT FOR SALE | SURREY BC VANCOUVER BC COQUITLAM BC NORTH VANCOUVER BC

•13245 104th Avenue

•Located next to Surrey Central

UNDER CONTRACT •41 Units Strata Titled (1 and 2 Bdrm) JUST LISTED

•1.34 Acre Site, Future Redevelopment

•Principals Only, No Vacancy [EUGEN KLEIN] •6,300 SF Lot with 2.5 FSR, Principles Only •Great Development Opportunity •Prime Corner Location on Marine Drive •Two Storey Building with 55’ Frontage •18,365 SF , Potential 1.05 FSR •For Investors or Owner Occupiers •+LJK7UDIûF$UHD)UDVHU6WUHHW •OCP Designation of C-2 •$3,999,000 $9,880,000 •$4,300,000 [RAMAN BAYANZADEH, KEVIN CHIANG] •$3,500,000 [EUGEN KLEIN] [POURIA NIKRAVAN, RAMAN BAYANZADEH]

MULTIFAMILY INVESTMENT MOBILE HOME PARK FOR SALE MOBILE HOME PARK FOR SALE MOBILE HOME PARK FOR SALE | FORT ST JOHN KITSILANO BC ROCK CREEK BC MACKENZIE BC

COMING SOON

•Blocks from Kits Beach •3.19 Acres, Low Vacancy •120 Pads, 14% Potential Cap

•10 Suites, Recently Renovated •15 Pad, Dual Road Access •Close to Town Centre, Town Services

•Held for Two Generations •9.1% Cap Rate •Principles Only

•Rarely Available [EUGEN KLEIN] •$549,000 [EUGEN KLEIN, CHRIS HAYNE] •$2,400,000 [EUGEN KLEIN, CHRIS HAYNE]

MOBILE HOME PARK FOR SALE CLEARWATER BC MOBILE HOME PARK DEVELOPMENT •34.5 Acres •70+ MHP and 25+ RV Rental Lots •70 Mobile Home Pads and 14 RV Pads •Northern BC / Port Community •([SDQVLRQ3RWHQWLDODQG1R9DFDQF\ •High Demand (Avg. $550 / Pad) •Close to Downtown Fort St. John, Great Highway Access •Projected 40+% Return, Won’t Last! •On Track to Gross over $370,000 this Year [EUGEN KLEIN, CHRIS HAYNE] •6.85 Acres, Low Vacancy [EUGEN KLEIN, CHRIS HAYNE] •14 Pads plus 2 Residential Buildings

•City Water, Potential 12% Cap

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

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

Royal LePage Sussex, Klein Group | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com AUGUST 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A9

BUSINESSES FOR SALE UNIQUE RAILWAY SERVICE BUSINESS Located in the Lower Mainland B.C. Successful, profi table service business opportunity in a non-competitive market provides a niche place in the North American railway industry. 2016 net is $200K+. The buyer should have a mechanical aptitude as well as basic knowledge of knowl- edge of DC electrical circuits and DC electric motors. The success of this business WELCOME has been based on excellent customer relations and fast service. This business can be relocated, also can be operated effi ciently out of around a minimum of 500 sq.ft. Full Training provided. Vendor fi nancing possible. To Macdonald Commercial’s Sales & Leasing Team PRICE $749K

TRAFFIC CONTROL COMPANY – ( TCP’S) Located in the Lower Mainland B.C. This traffi c service control company employs approx. 35 TCP’s and has been de- livering quality traffi c control to the industry throughout the lower mainland. The company has earned a reputation for creating a safe work environment in provid- ing several quality services to suite the construction industry, in traffi c manage- ment plans and on-site supervision. This successful company has been established nearly a decade and has substantial yearly increases in revenues (2016) net income is approx. $390K and has room for potential extensive growth. Strong manage- ment skills a must. This company is offered for sale at $1,580M

For further information call: Off: 604-542-2444 SHANE KOKA or email: [email protected] 604-805-3610 Dennis Germyn ([email protected]) Macdonald Realty Ltd Wayne Hampton ([email protected]) Commercial Real-Estate T. 604.736.5611 macdonaldcommercial.com

ONCE IN A LIFETIME OPPORTUNITY

FOR SALE - Farm and Home 14325 Harris Rd, Pitt Meadows 27 Acre producing Blueberry Farm 6,000 sq. ft Executive Home Asking $3,750,000 FOR SALE - By Court Order 25 Front Street, Nanaimo BC – The Globe Hotel Mixed use residential and Retail Downtown Location Asking $1,550,000 Pinantan Lake Resort – True 4 Season Playground FOR SALE - By Court Order 525 Haliburton Street, Nanaimo BC – Located near Kamloops, the 12 acre site features approximately (Formerly Patricia’s Pub) 600 feet of low bank waterfront and is currently operated with: 18,480 sq ft corner lot • 8 cabins, plus 19 full service RV sites Water views • 10 unserviced tenting sites Now Asking $615,000 • Coin operated shower house FOR SALE - By Court Order • Several docks, boat rentals, plus several service buildings 225 Terminal Ave, Nanaimo BC 3300 sq ft Single Storey Retail 5994 sq. ft lot in Downtown location Asking $550,000 FOR SALE - Kingsway Corridor 3165 Kingsway, Vancouver BC Loads of potential for redevelopment: 2 storey building • Separate zoning for Commercial, Residential and Mobile Home Park Central location • Signifi cant utility services in place - extensive septic system, Asking $2,300,000 water supply capable of servicing up to 300 connections and multiple power sources. MANJIT CLAIRE* KURTIS CLAIRE • Community store, post offi ce, school all within walking distance PH: 604.263.2823 FAX: 604.263.2823 • Ski hill 15 minute drive www.ClaireGroup.ca $1,899,000 MLS® #: 141337 *Personal Real Estate Corporation All Measurements Approximate. TODD MATTHEWS - [email protected] JEREMIA HUXLEY - [email protected] Century 21Desert Hills Realty (2010) Ltd. KAMLOOPS, BC V2C2B7 ✆ 250-377-3030 A10 | LOWER MAINLAND WESTERNINVESTOR.COM | AUGUST 2017 Urbanite demand prices cottage country like city condos RECREATION | That shack by the water will now cost north of $600,000 anywhere within a four-hour drive or ferry ride from Metro Vancouver

significant decrease in available By FRANK O’BRIEN & PETER MITHAM supply this year,” said Sylvie [email protected] Schroeder, sales representa- tive, Royal LePage, in the Co- mox Valley. “Younger families he average price of a con- in particular are buying up lo- dominium apartment in cal acreages in order to practise Metro Vancouver is now T sustainable farming, which is a $600,000 and, due to equally fast-growing trend in our area.” high demand, that is also the “Recreational sales activity typical price being paid for a va- has increased significantly on cation cottage anywhere within the Gulf Islands,” said Janet striking distance of the city. Moore, real estate sales agent, “Low inventory levels and the Royal LePage Nanaimo Realty. return of consumer confidence “We have finally seen the re- are driving prices up in recrea- turn of buyers to smaller regions tional markets across the prov- Waterfront homes – such as on the Sunshine Coast shown here – have seen a dramatic increase in value over within the Gulf Islands, driven ince,” said Jim Morris, manager, the past year. | RE/MAX OCEANVIEW REALTY by both interest in recreational Western Canada, Royal LePage. activities and retirement.” The average price of a rec- listed for sale; today there are “If you’re selling a house in purchase a cottage, cabin or ski On the Sunshine Coast just reational property in British just three. Burnaby or North Vancouver, chalet,” said Elton Ash, regional north of West Vancouver, the Columbia is now $595,077, ac- So far as new product goes, you can burn the mortgage and executive vice-president at Re/ sales-to-listing ratio for houses cording to the Royal LePage Frosst Creek has just one unit get two places by coming out to Max of Western Canada. hit 73 per cent in June, the high- Canadian Recreational Hous- left at the 230-unit Cottages at the valley,” he said. “We’re see- Areas close to Vancouver and est of all markets served by the ing Report, but waterfront cot- Cultus Lake, and nine to sell at ing really good absorption and Victoria are seeing the highest Real Estate Board of Greater tages at prime locations – such its more recent project, the 70- we’ve picked up more property demand and the fastest-rising Vancouver. The Coast’s bench- as on Okanagan Lake or the Gulf unit Creekside Mills. to keep that rolling.” prices. mark house price, at $553,000, is Islands – can easily cost twice “A lot of the resales that were That sentiment is borne out by “We have seen homeowners up 20 per cent from a year ago. to four times that. on the market got scooped up a survey released with the an- selling in Vancouver and buying An oceanfront cottage on the Cultus Lake, a short drive from last year in that crazy market, nual Re/Max Recreational Prop- recreational property in areas Sunshine Coast now sells for an Vancouver, is a good example. and now there’s not enough sup- erty Report this spring. The poll like Denman Island, causing a average of $900,000.■ “A lot more people are mov- ply,” Van Geel said. “Last year of agents dealing in recreation- ing in here full time, seeing the a mid-size cottage was around al property in B.C. found that value for money. It goes a lot $420,000; now it’s $550,000, younger buyers are leading the WHAT A WATERFRONT COTTAGE COSTS IN B.C. further out this way,” said Ste- almost $600,000.” demand for recreational land. (Within four hours of Vancouver) ven Van Geel, a principal with Alture Properties Ltd. has seen Seventy-three per cent of Area Oceanfront Lakefront Frosst Creek Developments Ltd., a similar dynamic, achieving agents surveyed reported that which has undertaken two de- prices as high as $1.7 million on young families with children Comox Valley $777,000 velopments at Cultus Lake in Cultus Lake lots that start at were the primary buyers of rec- Denman Island $683,500 $548,000 recent years. $900,000. reational properties. Hornby Island $849,800 The result has been soaring “We don’t feel there’s any “A notable finding is that 21 Okanagan Valley $2.1 million prices and a dramatic decline pushback,” Stephen Duke, exec- per cent of Canadian home- Sunshine Coast $900,000 $600,000 in availability. utive vice-president of Alture, owners would downsize their SOURCE: ROYAL LEPAGE CANADIAN RECREATIONAL HOUSING REPORT, MAY 2017 A year ago there were 25 units said. “It’s on fire.” main residence in order to Re-Development Potential

Network Group www.TheBestDealsinBC.com FOR SALE WESTERN CANADA SINGLE TENANT PORTFOLIO

70 Mile Motel & Restaurant Eco Tourism Business & Outdoor Guiding School • Turn Key operation • Established in 1880 • 1.7 Acres on busy Highway • Included Mountain Accommodation Leases • 9 Rental Rooms, Caretakers Residence • 4 Season Wilderness Resort • 50 Seat Restaurant • Established International Clientele $399,900 $1,000,000

FREDDY & LINDA MARKS 604-491-1060 [email protected] Sutton West Coast Realty Harrison Hot Springs

www.sellingmobilehomeparks.com RARE OPPORTUNITY OF SCALE FOR QUALITY ASSETS IN BC & AB Why invest in Manufactured Home Park???? Immediate and steady cash fl ow. Annual rent increase plus any fl ow thru increases • The Offering is comprised of eleven freestanding retail assets across nine from gov’t entities. Infl ation proof. Attainable housing is always in high demand with almost always full occupancy in quality parks. Very properties few mobiles are ever moved. Minimal management required. Low maintenance costs. Tenants maintain their own home and lot. Easily operated from a distance. As rents and net income increase, the value of the park increases. • Approx. 117,281 SF of GLA and situated on approx. 11.48 Acres of land Fraser Valley Campground: 17 acres and over 120 sites. New electrical throughout for longer term and larger RVs for a steady cash fl ow year round. 80 plus long term and more coming. Residence/store/offi ce/outdoor pool/ games room. Call for details. Ask 6.2M at approximately a 5.7% cap rate Small AB starter park. 8 pads. City serviced. Tenants pay all utilities. Low Rents. Price is $300K Firm • Long-standing tenant history and trusted national retailers in their respective Other parks available: BC and AB from 400k to 11M markets HARRISON LAKE WATERFRONT HOME • Strategically situated in secondary and tertiary markets, offering View the pictures, videos and drone footage on this website. No foreign buyers tax. Beautiful home. Foreshore lease for the docks and moorage. Man diversification and reducing exposure to a single market cave workshop. Tons of rock work, fi sh ponds, waterfall and gardens. Watch the salmon swim by off the docks. Asking 2.399M FORM RETAIL ADVISORS LISTING AGENTS NATIONAL RETAIL GROUP JON BUCKLEY* JOE GENEST* HUGH O'CONNELL Marketed by: BILL SUMMERS PREC [email protected] [email protected] [email protected] direct line: 604.626.8894 email: [email protected] *PERSONAL REAL ESTATE CORPORATION 604 630 0215 604 398 4341 647 340 8588 AUGUST 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A11 Trophy waterfront highlights B.C. recreational scene COVER | Here is a peek at four of the outstanding recreational waterfront properties for sale on the coastline of British Columbia this summer – including two with development potential

20 per cent this year compared to 2016, Gulf Islands By FRANK O’BRIEN and higher-end property is attracting both , Bull Island. Price: $3.25 Mark Lester Alan Johnson [email protected] local and foreign interest. million. and Western Investor has culled from the top of Unique Properties Group of Colliers International have listed Bull Island, a ritish Columbia’s coastal recreation- listings of Sotheby’s International Realty 175-acre, completely private island in al real estate market is ramping up Canada and Colliers International’s Unique B.C.’s Georgia Strait. Situated about 35 once again after nearly seven years Properties to present four of the trophy B kilometres northwest of Nanaimo, Bull in the doldrums. Prices on the Sunshine recreational – and potential investment – Island is easily accessible by boat or float Coast and the Gulf Islands are up about waterfront properties on the market now. plane and features an all-weather dock and cabins suitable for seasonal uses. Bull Island features two legal titles, offering the potential to purchase in partnership or to sell off one title.

Gulf Islands, Sear Island. Price: $5.95 million. Located in Silva Bay just off the southeastern shore of Gabriola Island, Sear Island is a completely private, 28-acre island only a stone’s skip from commercial services and amenities. Sear Island boasts a luxurious two-storey 3,040-square-foot main residence, and a 1,000-square-foot guest cabin. Current zoning allows for the development of two more residences. The property is listed by Unique Properties Group, Colliers International.

Gulf Islands, Silva Bay Marina. Price: $6.95 million. One of the Gulf Islands’ larger and more popular marinas, Silva Bay is a diverse destination that offers permanent and transient moorage and a range of commercial services, including a pub/restaurant and grocery store, on a 5.5 acre-waterfront site overlooking Silva Sunshine Coast: Price: $4.5 million. Shaz Karim of Sotheby’s, the private Bay on Gabriola Island. The upland can Six-acre Whitestone Island on the island features a secured dock, munici- also accommodate redevelopment into Sunshine Coast at Pender Harbour is a pal power and water, and a custom-built a comprehensive resort community. It is 30-minute flight or a 90-minute ferry- four-bedroom house with uninterrupt- listed by Unique Properties Group, Col- ride/drive from Vancouver. Listed by ed ocean view. liers International. ■

~ WATERFRONT ~ Southern Vancouver Island ❖ Gulf Islands Waterfront <> Oceanfront: Call it what you like - it’s magical!

Sales, Management, DOMINIC FUNG Project Marketing [email protected] 604604-729-3117-729-3117 COMMERCIAL PROPERTIES FOR SALE • SEMIAHMOO SHOPPING CENTRE RESTAURANT Chinese Restaurant for sale - 149 seats, below replacement cost, PETER NASH Macdonald Realty Ltd - Victoria long lease. Potential to grow. Reduced $298K peternash.com 250.384.0566 [email protected] • MOBILE HOME PARK 63071 Flood Hope Rd., Hope - withL 31D pads, 2 homes, 4.9 acres land and near city centre. PricedSSOLDO to sell $1.425 Million 15791 MARINE DRIVE IN BEAUTIFUL WHITE ROCK – ONLY $4,500,000 8,000 SQ/FT BUILDING – HIGH EXPOSURE 8250 SQ/FT CORNER LOT • BUILDING SUPPLIES COMPANY Money making business for sale. It has been around over 10 years. RARE FIND on Marine Drive in beautiful White Rock! Prime high exposure 8250 Located along busy Bridgeport Road in Richmond. Building supplies sq/ft corner lot. Loads of parking close by. Incredible property with ocean view. include laminated tiles and mouldings. $1.56 Million Steps to the beach. Across from Semiahmoo Park. CR-4 ZONING - Potential to • VERNON COMMERCIAL build a new 4 storey building with commercial/residential mix. Existing approx 6365 Highway 97, Vernon. Land 1.48 acres. Building around 15 yrs. old 8000 sq/ft commercial/residential building with parking in the back. Two commer- and approx. 8000 SF include showroom and service bays. Stable tenant cial tenants – a craft store and LaBai Restaurant, award-winning Italian restaurant & potential. $2.5 Million for 30 years (available with purchase). 7 apartment suites on top fl oor. Excellent • OCEAN FRONT RETAIL CAP rate potential. Fantastic upside. A great property to add to your portfolio. Do 14985 Marine Dr., White Rock, B.C. with one storey building and not approach the tenants. Drive by and have a look. Call for further details. 4499 SF. land. Zone CR-3. Potential for Commercial and Residential Development. Price to sell Reduced $2.65 Million Tracey Bosch 604-539-7653 traceybosch.com Wolstencroft Langley A12 | LOWER MAINLAND | BUSINESS OPPORTUNITIES WESTERNINVESTOR.COM | AUGUST 2017 WANTED Extremely popular Pizza and Pane restaurant • Loyal local following. LOWER MAINLAND • Outstanding reputation and strong brand name. • Busy Main Street location with - Multi-family apartment buildings excellent walk-by and drive-by exposures. and Townhouse development • Simple concept to operate. sites. • Costs, labor and overheads are easy to manage and maintain. - To buy existing rental apartment • Stable lease buildings, minimum 30 units. • Please do not approach staff . - Multi-unit industrial buildings or land to build same. $130,000 www.marshallzalik.com ICONIC ANTIQUE JOHN 604-618-5522 Confi dential enquiries please contact Email: [email protected] MARSHALL ZALIK 604-263-8800 [email protected] Westside BUSINESS In business for over 43 years, DEVELOPMENT SITE Rare Opportunity in North Richmond Industrial “A Bakers Dozen” is offered for 1. Developable property in the Brookswood - Central location, North Richmond sale for the 1st time! neighbourhood of Langley. In the OCP for - Zoned General/heavy Industrial; Outside storage allowed 10,000 square foot lots. Almost fi ve acres SSALEALE EEXCLUSIVELYXCLUSIVELY Huge inventory of treasures Asking $6,100,000.00. - +/-2.05 acres Waterfront Property - annual bonus income included, spectacular lease from the log industries 2. Excellent 60 acres farm land in Langley. - +/- 37,000 Sf freestanding manufacturing or distribution terms, and a central storefront 3675- 232nd st. Langley. It was a mushroom warehouse farm before but now ready for your ideas. in the heart of Main Street! Only asking $4,500,000.00. - 10-year new very well maintained tilt up concrete building Multi faceted income streams, - High ceiling with dock & grade loading bays 3. 40 acres of blueberry farm with a nice house in huge customer base and expert Mission. Only $3,300,000.00 - Over 20 parking stalls on site - Option sales and lease back staff who would all like to stay. Call RAVI PANWAR - More information available upon signing NDNC agreement 604.771.2401 ❚ [email protected] Boya Zhang 778-919-6979 This is a very unique, once in a

Park Georgia Realty Ltd. [email protected] Westcoast Realty $12,500,000 lifetime opportunity!

FOR SALE $1,898,000 6984 PALM Avenue, Burnaby Listed for $12.5 Million $$2,698,0002,698,000 D SSOLDOL PRIME LOCATION FOR FUTURE RE-DEVELOPMENT 75 East 8th Ave, Van., BC (Mount Pleasant area) Showings & Info pkg. Call: Steps to Royal Oak Station & Metrotown 27 Unit Rental Apartment Building 9872 sq.ft. of land with a 7500 sq.ft. Warehouse/building N/W corner of Quebec & E 8th Ave. HANS GUST 604-551-3900 with offi ces & mezzanine. 11 parking spots onsite, 18’ Prime location with city & mountain views. SOLD ceiling in warehouse. Concrete block construction (1977), Corner Lot - 99’x122’ Zoning L 1 Light Industrial JOHN GUST 604-802-5858 grade loading, 3 phase power, only 2nd owner. Could lease New Updates: New Boilers, H/W tank. Oil Tank Removed. www.gustrealtor.com out for GREAT rent $$! Owner occupied. Amalgamation Approx Net Income: $203,187 [email protected] potential! Give us a call for details. Exclusively listed with Hans Gust & John Gust at MLS® Number: C8012155 Royal Lepage Westside 604-263-8800 Westside #201 - 2107 West 40th Ave. BISMARCK BAR 60 seats with 15 seat patio All Liquor Primary Open/Industrial Design with vaulted ceilings, full kitchen/HVAC Great Exposure, 526 Abbott Street $199,000

Call Larry Traverence 604-787-7654 Kris Pope PREC 604-318-5226

Dexter Associates Realty Commercial Real Estate, Your Trusted Advisors

UniqueProperties.ca

“We are focused on achieving the results YOU want.” AUGUST 2017 | WESTERNINVESTOR.COM BUSINESS OPPORTUNITIES | LOWER MAINLAND | A13 Ice Level Source For Sports in Ironwood Plaza, Richmond for sale Amazing opportunity!! Established in 1991, this well-run family owned and operated Hockey shop has carried the passion for the game from childhood into a lifetime business of helping local Families ensure they have a memorable shopping experience and the right equipment for their passion. Jeremy Kalenuik This Family business has been established for 25+ years and Personal Real Estate Corporation [email protected] has a proven list of loyal customers. If you are looking to invest in a well-run, established and proven business - this is 604.612.7511 www.whitestoneselect.com absolutely the opportunity for you. Call today for more details. Macdonald Realty Ltd. • Sale price $599,000 #100-2429 152nd St Surrey

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

Looking for experienced commercial agents! NAI Commercial is a full service commercial brokerage looking to expand our team! Building & Land For Sale ‚ 4th most recognised commercial real estate Strata Retail For Sale 1774 East Hastings Street firm in the world. Vancouver, BC 41st Avenue Strata Retail ‚ 5 offices in British Columbia, 400 offices and ‚ 5,280 sf (44’ x 120’) ‚ Potential to assemble Vancouver, BC 7,000 local experts around the globe. ‚ Redevelopment potential ‚ OCP will allow up to ‚ Stable tenant‚ 3% net return at Call or e-mail to find out more: 8 storeys asking price Asking: contact agent Asking: $1,468,000 Rob DesBrisay Conor Finucane* Rick Lui* 604 691 6602 | [email protected] 604 691 6604 | [email protected] 604 644 6182 | [email protected]

Anchor Strata Unit Unit 16, 228 Schoolhouse St. Kamloops Industrial Site Coquitlam, BC Multi-Family Opportunity Kamloops, BC ‚ 35,198-sf anchor unit ‚ 5-year leaseback 18-Unit Apartment Building, Merritt, BC ‚ The last large industrial ‚ All services nearby. Ready ‚ 5.75% cap rate ‚ Zoned CS-1 ‚ Asking 7.5% cap rate‚ Built to strata specs parcel in Kamloops. to go. Reduced Price: $7,950,000 Asking: contact agent ‚ Potential to subdivide into ‚ Seller may consider 4 x 5 acre parcels. trades. Asking: $5,950,000 Mall, Industrial & Land 9715 98A Avenue Three Suncor Sites Office Strata Sold Fort St. John, BC Interior, BC Court Ordered Sale ‚ Yr old 12-unit strata rental ‚ Area: 18,500 sf, 28,000 sf Viking Way, Richmond apartment building and 21,500 sf ‚ Investment opportunity – ‚ I3 zoning Fort St. John, BC Asking: $2,100,000 Asking: contact agent long-term tenant ‚ 1,637 sf ‚ Fully-tenanted shops ‚ 11.5% Cap rate! ‚ Good leaseholds in place Wal-Mart Excess Lands High-Rise Site Asking: $439,888 Reduced Price: $695,000 Quesnel, BC Kamloops, BC Sun Rivers Resort Community ‚ Five acres ‚ 13,500-sf site Asking: $1,750,000 Sold Office Space For Lease Kamloops, BC Baytree Centre, Langley City ‚ Over 1,000 units remaining ‚ Includes 5.59 acres of 2222 Balsam Avenue Chevron Site ‚ Spaces available from ‚ Ample parking ‚ Drone video: mixed-use development Quesnel, BC Quesnel, BC 520 sf up to 8,000 sf youtu.be/j2hnRIaVkp4 land ‚ 4 acres, 14,000 sf ‚ 2-acre excess ‚ Move-in ready ‚ Holding income development lands Asking: From $15.00 psf, NNN Asking: Please contact agents Asking: $900,000 Sold Gary Haukeland* & J-D Murray Ted Weibelzahl 604 514 6825 604 691 6693 | 604 691 6664 Peter Seed Toll-Free: 1-800-890-9855 [email protected] [email protected] | [email protected] 604 691 6608 | [email protected]

Businesses For Sale Wholesale Distribution Business, National Under Contract

Laser Equipment Distributor, Relocatable $899,000

Supermarket & Outdoor Store - Includes real estate, Quesnel, BC $749,000 Will Your Business Be Ready Business For Sale with Frozen Yogurt Franchise, Whistler, BC $350,000 To Sell When You Are? Option to Purchase Property Architectural Millwork & Cabinetry, Surrey, BC $299,000 Automotive Repair Business For a Confidential South Surrey/White Rock, BC Irrigation Service & Maintenance, Lower Mainland, BC $398,000 Consultation, Call: ‚ Business: $325,000 ‚ Property (optional): $840,000 Pre-Hung Door Manufacturing & Installations, Tri-Cities, BC $299,000 John McLeod, CBI CVB Asking: $325,000 Marion Van Keken-Rietkerk*, CBI MBA 604-230-9941 | [email protected] 604-617-8118 | [email protected]

*All asterisks indicate Personal Real Estate Corporation A14 | LOWER MAINLAND WESTERNINVESTOR.COM | AUGUST 2017 New Westminster: towering transformation continues FEATURE | Bosa’s 53-storey waterfront skyscraper caps more than $1 billion in building permits during 10-year transformation of the historic Royal City

amenities from new develop- By FRANK O’BRIEN ments. The city, for instance, [email protected] insisted that the Bosa towers be landmark additions to the skyline. he City of New Westmin- “The part that I am really high ster is averaging more than on is that these buildings are go- 50 new building permits T ing to be iconic,” said longtime every month this year, on a pace New Westminster councillor Bill to edge the $189 million in per- Harper. “That was written right mits issued in 2016, the 10th into the design. Iconic means straight year the Royal City has they are going to stand out. When topped $100 million in permit people are on the river, in Sur- values. rey or driving across the Pattullo As of the end of May, permit Bridge, those will be some of the values had already eclipsed $144.5 major landmarks for our city.” million, and housing starts, at Mayor Jonathan Cote said the 847 units, were far ahead of the Bosa site has been the “missing 375 starts in the same period last link” on the riverfront. He said year. | ROBERT KRUYT Now: Parking lot on New Westminster pier was bought by Bosa Development last year for $63 million. one of the city’s biggest successes “If the pace holds, [2017] will has been connecting the water- work out to a 65 per cent increase opened up the skylines, with a Bosa had to earn the variance front with the community.■ in housing starts from the pre- modest increase in height,” said that allowed the zoning to go an - with files from New Westminster vious year,” said Blair Fryer, Dan Diebolt, development man- extra eight floors of prime water- Record communications and economic ager at Bosa Development. front condo space that is expected development manager for the city Bosa purchased the site at 660 to pre-sell for north of $750 per of 71,000 on the banks of the Fra- Quayside from Larco Develop- square foot. WHAT ELSE IS PLANNED ments ser River. in August of last year for The new development will pro- FOR NEW WEST There is little doubt the pace $63 million, which works out to vide approximately two acres of will hold up. $79 per buildable square foot, ac- additional park and public open At least nine other big projects This month, council approved cording to Colliers International. space, including an extension are currently in the develop- zoning for the largest tower the (Today, this could be seen as a to the existing Westminster ment review process in the New city has ever seen, a 53-storey bargain price, considering a non- Pier Park. It will also create a Westminster core. condominium skyscraper by waterfront site on Duncan Street 40-space child-care facility, These include: Bosa Development, part of a pro- in New Westminster sold this Fryer explained. ■Carnarvon Street: A 33-storey ject that will include a second spring at $89 per buildable square Bosa also agreed to use a type of tower with 301 condominiums Next: Two condo towers – 53 43-floor tower and a three-storey foot.) pile driving aimed at minimiz- and 5,600 square feet of storeys and 43 storeys – will rise commercial building, all built on Larco’s original development ing noise impacts and will delay commercial from the site as an “iconic” New the New Westminster riverfront. plan called for 1,000 housing the construction start to ensure ■Carnarvon Street: A mix of Westminster landmark. The anchor tower of Bosa’s Pier units in five towers. Under the parking is provided at a neigh- 245 housing units and 18,677 | BOSA DEVELOPMENT West would be the tallest build- Bosa bid it scaled back to three bouring site. square feet of commercial ing between Vancouver and Cal- buildings and 665 homes, mostly Construction is now expected ■Duncan Street: 173-unit gary if built today. tower condominiums with a total to start in the spring of 2018, with After a decade of breakneck townhouse development, with “We saw overwhelming sup- density of 4.52 FSR (floor space Phase 1 – the 53-storey tower - growth, New Westminster has space donated for a daycare port for a two-tower scheme that ratio). scheduled to open in fall 2021. become sophisticated at wringing AUGUST 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A15 A16 | LOWER MAINLAND WESTERNINVESTOR.COM | AUGUST 2017 Federal tax collides with municipal rental incentives FEATURE | For the first time, Canada Revenue now requires reporting the sale of a principal residence – but what happens if most of it has been used as a rental property?

rental as a principal residence. By FRANK O’BRIEN “You can’t argue that the gov- [email protected] ernment is finally enforcing the law,” said Elton Ash, Kelowna- based vice-president of Western push by Metro Vancouver Re/Max municipalities to increase Canada for . rental density in single- While the portion of a house be- A ing rented out, such as a basement family neighbourhoods could soon collide with tougher enforcement suite, would not necessarily trig- of the capital gains tax exemption ger a capital gains tax, detached on principal residences, tax and laneway houses are not so clearly real estate experts say. defined. Vancouver, North Vancouver, “When the entire property is Coquitlam and Port Moody are eventually sold, any gain real- among the municipalities that now ized on the laneway house por- or will soon allow from two to four tion will not be eligible for the rental suites to be contained on principal residence exemption,” a detached-housing lot, through according to an analysis done for rental suites and laneway houses. Laneway houses – shown here on a 2016 Vancouver tour – are popular but could prove problematic when it the REBGV by tax adviser Grant The move is meant to increase comes to capital gains taxation. | VANCOUVER COURIER Thornton. “The owner is required the rental inventory through low- to track all costs associated with impact density and allow house multiple rental units and allow a detached-house price on Vancou- PRE itself, but because ordinary building the laneway house as owners to tap rental income to sup- laneway house on the same lot, ver’s west side – could be subject taxpayers played fast and loose well as keep records related to port mortgage payments on the which may even be allowed to be to capital gains taxation on $1 mil- with the reporting of taxable gains the original cost of the property, most expensive housing in Canada. sold as a strata unit. lion, if the regulations are strictly on the sale of their residences,” he capital improvements made, the But Canada Revenue Agency If CRA interprets the principal enforced. notes in a Western Investor column relative value of the land versus (CRA), for the first time, now residence exemption to exclude “If we assume the taxpayer is (see page 20). the main residence on the date requires the reporting of sales some or all of the rental portion, at the top marginal rates payable “Indeed, no reporting of a sale of of the deemed disposition and on information on principal resi- a house owner could be subject to in B.C. of $200,001 and over, the a principal residence was required the date of sale.” dences, which are exempt from a degree of capital gains tax when marginal tax rate will be 23.85 by the CRA until the changes were Said Vancouver real estate in- capital gains taxation. However, the house is sold. per cent, so the taxes would be announced in October 2016,” vestment consultant Ozzie Jur- the portion of a principal residence Capital gains relate to the gain in $238,500 on a $1 million capital Cooper explained, suggesting that ock: “Some house owners may lot, such as a detached laneway value of a property and, according gain,” explained William Cooper, many Canadians had been under- have to weigh whether the rental house, used to generate rental in- to the Real Estate Board of Greater a tax lawyer with Boughton Law in reporting sales. income generated is worth the come could be subject to capital Vancouver (REBGV) , the typical Vancouver. risk of potentially losing a hefty gains taxation when the property detached house in Vancouver has Cooper said CRA’s closer look at portion of the principal residence is eventually sold. increased in value by 112 per cent in principal residence taxation goes Tax at sale time exemption.” As an example, the City of North the past 10 years and by an average beyond foreign speculators. Jurock and Thornton provided Vancouver now allows two rental of 140 per cent in the city of Van- “The principal residence exemp- Other real estate and tax profes- the same advice as planning of- units, including a laneway house, couver in the same period. tion [PRE] is one of the biggest tax sionals note that rental property ficials in Vancouver and North on single-family detached lots. A Vancouver house with a lane- loopholes in the history of the Can- has always been subject to cap- Vancouver: before you start div- In Vancouver, a proposed city- way home and two other rental adian Income Tax Act. It has likely ital gains taxation and that house iding a detached lot into a money- wide zoning change could allow units, valued at a total of $3.6 resulted in billions of dollars in lost owners would have little legal spinning rental property, contact older houses to be converted into million – the current benchmark tax revenues. Not because of the recourse in claiming a primary a tax adviser.■

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44735 South Sumas Road, Chilliwack $1,745,000 7685 McKenzie Road, Port Alberni $4,250,000 5571 Ross Road, Abbotsford $5,250,000 •Investment Opportunity! 9.7 Acres in Greendale •Large Scale Turn-Key Commercial Greenhouse Operation •74+ acres of highly productive land ideal for any agricultural or estate use •8 acres of an established Hop crop in its 3rd year •Nearly 40 Acres on 2 Titles with 3 homes & mobile •Nearly 5,000 sq ft home with granite throughout •September harvest contract in place •6 acres of greenhouse, full line of equipment including trucks •Multiple building sites for new Estate home with Mt Baker views •Solid family home, barn and one acre producing rental income •Owner currently utilizes facility to grow cucumbers •Excellent for executive or large multi-family purchase; No FP Tax! View our extensive inventory online at www.bcfarmandranch.com! AUGUST 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A17

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SOUTH SECRETARY ISLAND FISHING / ADVENTURE LODGE HIGGINS LAKE - WATERFRONT LOT AFFORDABLE LOT IN THOMPSON RIVER BEARCAT RANCH SOUTHERN GULF ISLANDS, BC WINTER HARBOUR, BC SOUTH CARIBOO ESTATES - BC’S “SUNSHINE CORRIDOR” KAMLOOPS, BC

• 66 acre private island - hiking trails, sandy • Bed & Breakfast / Hotel • 0.56 acre lot off Fishing HWY 24 • 4+ mostly level acres zoned for agriculture, • 320 acres + 1,386 acre Crown lease beach, grassy points, sheltered coves • Everything is here to build your vision • Well treed, mostly level, slopes to lakefront recreation, resource or forestry allows for 110 cow / calf pairs • 1,500 ft2 architect-designed cedar lodge • 3 acres with main lodge & guest quarters • Crown land views across the water • Between Kamloops and Cache Creek • Irrigation licenses for 80+ acres • Water from dug wells, good dock locations • Tackle room, storage, workshop, drying • 3HDFHIXO¿VKLQJLQVWRFNHGODNHZLWK • 4 hours from Vancouver • End-of-road setting, Crown land on 3 sides • Zoning allows 3 single family dwellings URRP¿VKFOHDQLQJURRP electric engines restriction • Great views of the Thompson River and • Shop, barn, hay shed, corrals & fencing • Superb island paradise for luxury estate • 2 wells & septic system, well priced • Interlakes shop area 15 minutes away surrounding farms and mountains • Main house with pool & revenue or private family compound. $4,450,000 • 9HQGRUZLOOFRQVLGHU¿QDQFLQJ $325,000 • Waterfront lots not plentiful. $169,000 • Priced to sell at $98,000 producing mobile home. $2,185,000 RICH OSBORNE 604-664-7633 RICH OSBORNE 604-664-7633 WENDY PATTEN 250-706-9776 ROB GREENE 604-830-2020 LIAM REIFEL 604-655-9370 Personal Real Estate Corporation Personal Real Estate Corporation [email protected] [email protected] [email protected] TROPHY ESTATE OR INVESTMENT STUNNING HORSE LAKE RANCH HISTORIC BRIDGE CREEK RANCH PINEY POINT RESORT - SHERIDAN LAKE CHERRY POINT ESTATE WINES PROPERTY - KAMLOOPS, BC 100 MILE HOUSE, BC SOUTH CARIBOO SOUTH CARIBOO, BC COBBLE HILL, BC

• Great investment property - one of the • 121 acres with 1.5 km of lakefront • 2,400+ deeded acres plus additional • 7.4 acre prime west facing waterfront • Well-established, award winning 34 acre last large acreages within the city limits • 5,000+ ft2 5 bdrm, 5 bath residence with 2,200 acres Woodlot & Grazing Permits • Approx. 700 ft gravely shoreline vineyard • 2 titles totaling 405 acres the best lake views possible • Ample water supply • 3 luxurious 2 bdrm / 1.5 bath cottages • 3,927 ft2 home, commercial kitchen, 90 • 10 mins to downtown Kamloops • Heated workshop & large equipment shed • 35,000 m3 timber • 2 rustic log cabins, 1,050 ft2 managers seat bistro with liquor licence, wine shop • 100 acres treed, dozens of building sites • Home is full of high-end features • Quality log building & handling facilities residence, 13 serviced RV sites (30 amp) • Event pavilion, warehouse, processing • Panoramic views of the South • *UHDWERDWLQJ¿VKLQJ KXQWLQJ • 500 yearling capacity, organic status • 6 water / power only RV sites + tent sites facility, equipment and inventory Thompson Valley. $2,099,000 • Separate caretaker home. $2,495,000 • NEW PRICE $3,900,000 • NEW PRICE $1,690,000 • NEW PRICE $5,500,000 SAM HODSON 604-694-7623 SAM HODSON 604-694-7623 MARTIN SCHERRER 250-706-9462 MARTIN SCHERRER 250-706-9462 JASON ZROBACK 1-604-414-5577 Personal Real Estate Corporation Personal Real Estate Corporation [email protected] [email protected] JAMIE ZROBACK 1-604-483-1605 10,987 ACRE BC REAL ESTATE BUSY PIZZERIA WITH LAND AND BEAUTIFUL SANDY BEACHES BODEGA BEACH OCEANFRONT 878 ACRES PORTFOLIO BUILDING - POWELL RIVER, BC SOUTHERN GULF ISLANDS ACREAGES - GALIANO ISLAND 103 MILE HOUSE, BC

• 108 separate titles • Turnkey operation including land, • Most southerly Gulf Island near Sidney • Three 5 acre adjacent low bank • 878 acres in 2 titles; 593 & 284 acres • 3.4% ROI building, business and equipment • Sidney Island is a unique private island oceanfront acreages, one upland • Minutes from 100 Mile House • Commercial lease space • Excellent location on Joyce Ave • Airstrip, dock & full time caretaker • Outstanding views across Strait of Georgia • Property was logged years ago and is • Residential Development Land • Continue as is or put your own creative • Acreages designed for views & privacy • Private, treed, only 3 km from sandy fenced • Resource and Agricultural Land twist • Miles of sandy beaches, ponds, trails beaches at Dionisio Point Provincial Park • HWY 97 runs along the east perimeter • 2,060 acre mature cranberry farm • Call to arrange a viewing today! • NOW FROM $199,000 • Drilled wells, approved septic systems • In the ALR & zoned RA1 • For price call Jason Zroback / Jamie • $379,000 • From $179,000 to $715,000 • $878,000 JASON ZROBACK 1-604-414-5577 JAMIE ZROBACK 1-604-483-1605 DAVE COCHLAN 604-319-1500 DAVE COCHLAN 604-319-1500 ROBBI-LAYNE ROBERTSON JAMIE ZROBACK 1-604-483-1605 JASON ZROBACK 1-604-414-5577 [email protected] [email protected] 604-351-9417 [email protected] COMMERCIAL BUILDING & 85 ACRES DO YOU WANT TO DOUBLE YOUR LAND USE CONTRACT FOR 43 SINGLE AFFORDABLE WATERFRONT HORNBY ISLAND LILLOOET, BC INVESTMENT? DAWSON CREEK RURAL FAMILY HOMES - DUTCH LAKE ALBERNI INLET TROPHY WATERFRONT

• 10,600 ft2 commercial building • 156 acres; 20,000 white spruce trees • 57 acres with 1,600 ft of lakefront • 6.67 acres - 197 ft waterfront • 15.66 beachfront acres • Building is steel construction with special • 2 to 20 ft trees - market wholesale prices • 0DJQL¿FHQWYLHZVRIWKHODNH&OHDUZDWHU • Not a strata - corporate shareholder • Tribune Bay Park as neighbour 584 acres in 9 titles wiring, heating, lighting and insulation for 5 ft white spruce $55 River and mountains • Gated community heavily treed • 430 ft along the water 18 hole CPGA golf course • Agriculture land, fenced garden area, • Est. wholesale value of trees $1 million • Some good timbe, two access roads • Road access - 30 min to Port Alberni • Warmest water in BC 42 modernized bedrooms pond, fruit trees, grapes and vegetables • Additional $4,000 per year gas revenue • Municipal water, power, telephone and • 2 joined residences • Level treed property Licensed restaurant 80 + 80 seats • Suitable for a wide variety of businesses • Great future homestead, with agriculture cable nearby • REDUCED to $387,599 • Shopping nearby Development opportunities or learning institutions. $1,479,000 • Creek on property. $525,000 • $600,000 • NEW PRICE $1,486,000 $3,490,000 ROBBI-LAYNE ROBERTSON JOHN ARMSTRONG 250-307-2100 JOHN ARMSTRONG 250-307-2100 KURT NIELSEN 250-898-7200 KURT NIELSEN 250-898-7200 604-351-9417 [email protected] [email protected] [email protected] [email protected] [email protected] AWESOME VALUE ON SPECTACULAR 3 ADJACENT RECREATIONAL LOTS PICTURESQUE BACKCOUNTRY ONE EYE LAKE ACREAGE LAKEFRONT LOG HOME ESTATE GUN LAKE - 2 HOURS TO WHISTLER FERGUSON, BC ACREAGE W/ PRIVATE LAKE - WASA, BC CHILCOTIN CLEARWATER LAKE - CHILCOTIN

• Fully furnished 3,400 ft2 5 bdrm home • 3 adjacent lots totalling 90 ft x 110 ft • Gorgeous 568 acre property on 2 titles • 66.23 acres overlooking One Eye Lake • One of the nicest homes in the Chilcotin • Detached double car garage, single car • Lots are zoned for house plus cabin • 2 small private lakes • Small portion is cleared, suited to build • EGUPEDWKODUJHRI¿FHIXOO garage, carport for lots of storage • 3 lots required for septic • Amazing place for off-grid cabin an off grid home and hobby farm basement, furnished, guest appartment • Small boat house along lake • 100% off grid / no services • 0RVWO\IRUHVWHGDQGÀDWDWIRRWRI • Nearly lakefront, only 150 m of Crown • 5.73 stunning lakefront acres • 0.75 of an acre, all below the road • Awesome recreational area mountains land between the property and the lake • Float plane dock, fuel tank & large barn • NEW PRICE only $567,500 • $56,900 for all 3 lots • Borders on Crown land • Year-round creek with water rights • Fenced corrals + additional guest cabin • $1,500,000 • $130,000 • Too many extras to mention. $597,000 MATT CAMERON 250-200-1199 MATT CAMERON 250-200-1199 MATT CAMERON 250-200-1199 FAWN GUNDERSON 250-982-2314 FAWN GUNDERSON 250-982-2314 [email protected] [email protected] [email protected] [email protected] [email protected] A18 | LOWER MAINLAND WESTERNINVESTOR.COM | AUGUST 2017

INVESTMENT AND BUSINESS FOR SALE - Commercial buildings in Vancouver (1) and Guildford (2) Kindersley, SK – 72 MH & 59 RV pads .....4,950,000 OPPORTUNITIES McKenzie, BC – 113 pads, 17 ac ...... 3,250,000 BUSY CAR WASH Smith Falls, Ont – 47 pads, 49 ac ...... 1.975,000 Fraser Valley Location, 2-Touchless wash Bay, 6 - Spray wand Bay, Detail Bay, 5 - Vacuum Islands, 1 - Shampoo Fairview, AB – 50 pads, 7.1 ac ...... 1,850,000 Vacuum. Storage plus 3 - Bedroom living accommodation. Rosemary, AB – 57 pads, 9 ac ...... 1,300,000 34,843 sq ft lot. Asking $3,500,000 Shaunavon, SK – 17 pads, 3.66 ac ...... 660,000 1538 E. King Edward Ave, Vancouver 14672 108A Ave & 14727 108 Ave, Surrey LANGLEY Bldg 3,660 sqft Bldg 5,300sqft, Lot 33,601/Bldg 32,000sqft, Lot 38,198 Dominion, NS – 17 pads, 4.3 ac...... 340,000 Excellent investment property for Future Development, HarryH Jesse Approx 39,000 sq ft Land, 2 - Commercial Tenants, plus Vancouver: Surrey: Vacant 3 - bedroom apartment. Asking $1,998,000 • Single long-term 24/7 government tenant, • 108 Ave multi tenancies include government, national, offi ce TollT free: 1-888-251-2822 and retail self-managed ideal for passive investor • 108A Ave building self-managed by single govt tenant DirectD Line: 604-302-3771 UPS STORE • Fronts Kingsway, prime location on busy • Cap rate 4.7; Opportunity for development on existing land Fax:F 1-888-804-1394 Burnaby Metro Town area. Asking $375,000 intersection 27,000 sqft WebW site: www.mobileparks.com • CD zoning allows for multi zoning usage • $4,470,000. Email:E [email protected] BOTTLE DEPOT • $11,377,000. for both Surrey bldgs/ not available separately Shuswap Location, Land, Building and Business. Contact owner: Rick Letroy 604.584.3304 Homelife Glenayre Realty Asking $420,000 MERRITT GAS STATION Jasbir Banwait (PREC*) Manbir Banwait (PREC*) RELOCATING TO ALBERTA? 155.62 ACRES M/L Esso Gas Station with C-Store and Tim Hortons Drive Thru. [email protected] [email protected] Asking $1,998,000 REAL ESTATE MARKETING • Commercial • Agricultural • Residential -Fenced Grassland - Beautiful Foothills Setting GAS STATION SITE (778) 552-0305 / (778) 241-4472 bgrp.ca - Located Between Red Deer and Rocky Princeton BC. 1.88 Acre approved Gas Station Site environmental Mountain House, AB done with proposed drawings. Asking $595,000 (HWY #11 Frontage) BOTTLE DEPOT ASKING: $1,00,000 Lower Mainland location Encorp Pacifi c Licensed Depots Complete set of farm buildings with own territory. Please call for Info! including 2 homes, barn, corals, GAS STATION SITE Quonset, numerous auto waterers, Trail BC. 22,000 SQ FT vacant land approved for Gas lean-to shelters, Station with Drive - Thru Restaurant; Both with a major Ideal for Agriculture/Agri-Business brand name. Asking $650,000 WILD ROSE SCHOOL DIVISION www.wrsd.ca ASHOK KUMAR JOHN PERLICH 604-855-0800 Cell: 604-556-6399 403-331-9911 www.perlich.com

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604.669.8500 TOLL FREE 1.800.661.6988 WESTERNINVESTOR.COM AUGUST 2017 | WESTERNINVESTOR.COM SERVICES | LOWER MAINLAND | A19

Richard Podgurski Excellent Investment Cell: 604.961.5665 [email protected] Masters Realty ADVERTISE WHERE www.expertrealty.ca OSOYOOS BUILDING LOTS Build duplexes: INVESTORS ARE LOOKING ONE OF A KIND RESORT only $250,000 each per lot. Unique, one of a kind resort, spa or high quality residential 14 acres development site right on the lake, NEEDED with marina, Pub and airplane landing runway. Fraser Valley homes on acreages & quality farms. Offered For $2,988,000 Sand/gravel deposits & clean fi ll sites. GAS STATION & STORE Great opportunity to purchase retail space on busy Hastings Street. This area is exploding with new development. Current tenant is paying OPPORTUNITY Gas Station & Store with separate Restaurant $3500 per month with approximately 1 year remaining and has option Franchises for recycling business; clean, building + residence building for staff or owner located on to renew @ $3800 for another 3 years. Parking for 3 cars from lane. Ripe for development! effi cient, odor-free. Approved locations. major highway. Great exposure and well established business. LOWEST PRICED FREEHOLD RETAIL SPACE IN VANCOUVER $1,788,000 MLS® Number: C8013214 604.669.8500 Offered For $1,188,000 Ray Lewis PREC TOLL FREE 1.800.661.6988 40 acres in Langley Geoff Davis 604-889-6424 Sutton Group-West Coast Realty Langley WESTERNINVESTOR.COM Offered For $8M [email protected] West Coast Realty 604-812-9733

SHAUGHNESSY DEVELOPMENT SITES TODOS SANTOS DEVELOPMENT SITE ■ We have a large selection of houses on large lots from 740 ACRES - 1 HR NORTH OF 10,000 sqft to 40,000 sqft in 1st Shaughnessy & 2nd CABO SAN LUCAS MEXICO Shaughnessy ranging in price from $4.6M to $33M ■ ■ Call for more info. NDA required. 740 acres, potential 2000 building lots – www.shaughnessyproperties.com 73% with pacifi c ocean view adjoining Todos Santos ■ Seller interested in a J/V for 25% of project that BURNABY DEVELOPMENT SITE will include 2 hotels, 1 beach club $35M USD ■ 2 lots, 7763 & 7777 Kingsway totalling 11,288 sf LANGLEY LAND ASSEMBLY w/over 96 feet of frontage on Kingsway. $3.7M ■ 21427 83rd Ave, 1.51A lot with 4200 sf home NEW WESTMINSTER DEVELOPMENT SITE & huge garage/storage. Currently zoned for SR-2, pty on west side also available $3.199M ■ 915 Twelfth Street, 6542 sf corner lot. Current zoning allows for a 4 storey building with potential GIBSONS DEVELOPMENT SITE new zoning allowing 6 storeys. Next door 911 & 909 ■ 895 Gibsons Way, Cedars in Hotel and Twelfth St maySOLD also be available for another 6000 sf. Convention Centre on a 62,000 sf lot Commercial Property Financing Call for more details. $1.890M ■ 909 Gibsons Way, Gibsons Cinema, 30,000 sf lot We fi nd you the fi nancing you need. Our team has decades of experience with LA PAZ MEXICO DEVELOPMENT SITE ■ 921 Gibsons - Home Hardware, 49,000 sf lot. ALL types of commercial real estate: ■ 71 Acre development site overlooking Currently leased at $131,000/yearSOLD Downtown La Paz and Costa Baja Marina ■ Total development site 414,000 sf (3.2A) $9.7M www.6717000.com/lapaz $4M USD 1033 BALFOUR AVE SHAUGHNESSY SQUAMISH DEVELOPMENT SITE ■ 5000 sf home on a 15,339 sf lot ■ 4 legal suites/multiple dwelling ■ 166 Acres, in 2 phases, 10 mins North of Squamish Licence No 16-127997 ■ Phase one (Lower Lands) 104 acres, approved ■ Excellent opportunity to remodel, change to for 82 lots. Project has an equestrian theme. 4 strata titles & add 3500 sf infi ll house www.6717000.com/squamish $16M ■ Property needs approx. $1M in renos $5.99M LES TWAROG (604) 671-7000 1428 W 7th Ave. Vancouver, B.C. To view listings please visit: CrestCre Realty (Westside)(W WWW.6717000.com/biz

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he principal residence should be noted that the defin- establishes that it was “neces- 1982, a partial exemption for exemption (PRE) is one of BUSINESS ition of “principal residence” in sary for such use and enjoy- both is still available. Tthe biggest tax loopholes BROKERAGE the Tax Act deems it to include ment.” The excess land must ■Where a home is used partly in the history of the Canadian the land upon which the hous- clearly be necessary for the to earn income (rented out, or Income Tax Act. It has likely re- ing unit stands and any por- housing unit to properly fulfil as a bed and breakfast, or to sulted in billions of dollars in lost tion of the adjoining land that its function as a residence and operate another business), the tax revenues. Not because of the can reasonably be regarded as not simply be desirable. CRA’s view is that the prop- PRE itself, but because ordinary contributing to the use and en- So what does all this mean for erty “retains its nature as a taxpayers played fast and loose joyment of the housing unit as a taxpaying Canadians? principal residence” as long with the reporting of taxable gains residence. Where the total area Well, it is clear that we will as the income-producing use on the sale of their residences. of the land upon which a hous- all have to be far more diligent is ancillary to the main use of Indeed, no reporting of a dis- ing unit is situated exceeds one in reporting the sale of our PRs. the property as a residence, position of a principal residence half-hectare, the excess land is The PRE is not at all straight- there is no structural change, (PR) was required by the Canada deemed not to have contributed forward and requires a year- and no Capital Cost Allowance Revenue Agency (CRA) until the to the use and enjoyment of the by-year analysis of eligibility. is claimed on the property. By WILLIAM (BILL) COOPER changes were announced in Oc- housing unit as a residence and Of particular importance is ■A PR can be outside Canada. tober 2016. While this change thus will not qualify as part of the portion of the value of the ■Where an individual lives was justified on the grounds of a principal residence, except PRE that can be considered to downstairs and rents out the abuse of the PRE by foreigners, test and the portion of the gain to the extent that the taxpayer contribute to the value of the upstairs, only the downstairs the real problem was with house subject to the PRE is determined PR. Consider for example that is the PR. flippers, estates, and rental at the time of disposition as a a portion of a house may be ■All of the land under a laneway properties owned by everyday percentage arrived at by divid- While this change was used for office space or a rental house may be considered to Canadians that did not fully ing the number of years in which justified on the grounds unit. Also consider the use of be necessary to the use and qualify for the PRE and were owners “ordinarily inhabited” of abuse of the PRE the underlying property for a enjoyment of the house on never reported. the residence and designated laneway house or the fact that whose property the laneway Starting with dispositions of it as their PR plus one, by the by foreigners, the real the property sits on an “acre- house sits.■ residences in 2016, a new form, number of years they owned it. problem was with house age” that was once a manda- T2091, must be completed that This allows for the overlap of flippers, estates, and tory minimum, say five acres, William (Bill) Cooper is an as- specifically calculates the gain ownership when one changes rental properties owned that the local municipality sociate counsel with Boughton on a PR and determines the homes during a year. You must by everyday Canadians has reduced to a city lot size. Law of Vancouver. His more than amount of available PRE. It be a resident of Canada to claim that did not fully Changes in zoning status will 40 years of tax and financial ex- should be noted that the PRE is the exemption in any one year. require a year-by-year analysis perience includes working as an no longer available unless the Of perhaps even greater sig- qualify for the personal of PR qualification but the new adviser at the most senior levels PR disposition is reported on nificance is a suspension of the residence exemption form does not provide for such of the Canada Revenue Agency a taxpayer’s return, although normal limitation period for the and were never reported complexities. and the Department of Finance in late filings with penalties may CRA to reassess virtually any Here are a few observations: Ottawa. Visit www.boughtonlaw. be permitted. taxpayer who fails to report a ■One may designate a cot- com. The new reporting formula real estate sale or other dispos- tage, cabin or other vacation allows taxpayers to take ad- ition where the real estate is held property as one’s PR but each vantage of the “one-plus rule.” as capital property at the time of family unit can have only one When determining the formula disposition. principal residence. percentage of the exempt tax- While the main focus of the ■Where two spouses owned able gain, if homeowners have legislation was purportedly to ” different PRs for years before lived in a house for the same limit the ability of foreigners number of years they owned it, to claim the PRE and trusts to they should claim PR status for designate a PRE, the suspension one fewer year than the years of the limitation period applies of ownership. The PRE exemp- to all taxpayers with sales of real We will all have to be far more diligent in reporting the sale of our private tion is an annual qualification estate that is capital property. It homes because of much closer scrutiny by Canada Revenue Agency

NEW DEVELOPMENT LOWER LONSDALE, NORTH VAN NEW DEVELOPMENT 1365 BURNABY ST. VANCOUVER FOR SALE JUST LISTED APARTMENT BUILDING CREST REALTY WEST END

MOODYVILLE A FEW BLOCKS AWAY FROM THE BEACH. CAN BE RE-DEVELOPED TO DEVELOPMENT 21 PLUS UNITS. GREAT OPPORTUNITY TO OWN IN DOWNTOWN LOWER LONSDALE

NORTH VAN COMMERCIAL SITE SILVERDALE, MISSION COMING SOON TWO FULL DUPLEX LOTS COMMERCIAL SITE

12,000 SQ. FT. TOTAL POTENTIAL FOR:

AUTO DEALERSHIPS / BIG BOX STORES ග඗ඟඖඐ඗ඝඛඍඛඝඑගඍඛ GROCERY CHAINS / RETAIL OUTLETS ක඗඗ඎග඗඘ඌඍඋඓඛ Silverdale Plaza RESTAURANTS / DRIVE THRU Lougheed Hwy / Nelson St WWW.SILVERDALEPLAZA.COM

#101-2609 Westview Dr. North Vancouver, B.C. V7N 4M2 | 604-779-6644 | [email protected] | www.gordonkleaman.com CREST REALTY AUGUST 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A21

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 1725 Lindell Ave. Approx. 1 Acre of development potential land in Beautiful Cultus Lake. $2 Million Rick Toor

7236 Pioneer Avenue, Agassiz 45944 Yale Road West $989,000 35,874 Sq. Ft. of land available • 2 commercial + 6 apartments for development • NOI $65000 +/- @ 100% occupancy Rick Toor Located in downtown Chilliwack Would be excellent for a hotel project! 37113 North Parallel Road, $1.85 Million Abbotsford Rick Toor Purposed Sumas Business Park development. NG Approximately 30 Acres that can be leased as NDI a whole or in smaller acreages. Portion of the 5550 Dieppe Street PPENDINGE site has plans for over 240 truck parking spots. 454594559 StStevenson Rd., Chilliwack 9.6 Acres of prime development A prime location that fronts the North Parallel $1,800,000 Road and the #1 Highway in Abbottsford, land in Chilliwack including 19,689 • 5 acres with home located right across BC. 1 minute from the Whatcom Road, #1 sq.ft. building site is zoned mix use/ from Sardis Secondary Purposed uses include Truck Park, Truck commercial residential located next • Approx. 3.7 acres are in ALR zoned Sales and Service, Tire Sales, Food Service, NG to university of Fraser Valley and agricultural low land. 1.3 acres that are ‘not’ Fuel Station, Warehouses and more! DI in ALR zoned RR (rural residential) property EN Garrison Crossing. Asking price $23 may have development potential in the near $1.25/sq.ft. PPENDING Million. future. Call now for more information. Rick Toor • Buy now & hold for watch your money grow. Rick Toor Rick Toor Commercial Investment #406-8705 Young Rd. 3690 Towline Rd., Abbotsford 1,081 Sq. Ft. Strata Commercial unit Perfect opportunity to open your business and own a strata for sale. Zoning is Service Commercial unit in popular Gian’s Business Center (CSM): General commercial, public or 1,420 Sq. Ft. @ private assembly, accessory dwelling, $724,200.00 specialized craft manufacturing, 3088 272nd Street, Langley warehousing, food and beverage 1,655 Sq. Ft. @ $2.48 million processing, service industrial. $844,050.00 $219,900.00 Bank anchored commercial building with long 1,379 Sq. Ft. @ term leases in place. Tenants include CIBC #407-8705 Young Rd. $703,290.00 bank, Sushi Restaurant, Hair Salon and 100% 1,355 Sq. Ft. Strata Commercial unit for sale. Located on Young Road with a very high Leased Space.Call now for details. traffi c count. CSM Zoning. $220,000.00. Rick Toor Rick Toor Rick Toor Lease Opportunities 9010 School St., 103-32883 South Chilliwack Fraserway, Abb. $12/square ft. Strata commercial $17/square foot. High exposure units for lease! Units from 2,400 facing Seven Oaks Mall. 3,500 sq.ft.- 10,000 sq.ft. Perfect for sq.ft. in Central Abbotsford. Medical professional. Competitive lease rates. Rick Toor Rick Toor Business For Sale Business with Property 11064 Olson Road, Surrey Established roll off bin service, waste Chilliwack removal, new construction, etc... Restaurant with high end fi nishings, Servicing the Lower Mainland area all equipment, and décor included & recently expanded into the Fraser with the business and building. Valley. Repeat clientele & growing. Located downtown Chilliwack. Includes: 3 trucks + 33 bins. Profi table turnkey operation, tons of $1,499,000. room for expansion. $329,000. Rick Toor Rick Toor A22 | SEA TO SKY/SUNSHINE COAST WESTERNINVESTOR.COM | AUGUST 2017

POWELL RIVER OPPORTUNITIES B.C. | WHAT’S HAPPENING Greens knocked by Site C workers Green Party leader BC Andrew Weaver had AQUACULTURE LEASE his own words on Site C dam 9 acre water lot lease with aquaculture license thrown back at him June 8 at in Lancelot Inlet, Okeover Arm. Includes 0.74 a protest held by an associa- acre uplands lease with caretaker’s residence, tion representing contractors crew quarters, workshop, equipment storage and dock. Water access about 10 minutes from working on the $8.8 billion BC Okeover Harbour. $299,900 Hydro project. The Independent Contract- ors and Businesses Association (ICBA) strung hundreds of pink slips up at BC Hydro’s head of- fice in Vancouver – one for each of the 2,245 workers currently employed at the dam site. Those construction jobs are now at risk, should a review by the BC Utilities Commis- DEVELOPMENT PROPERTY sion recommend bringing the 37.7 acre former executive-length golf project to a halt, according to course with outbuildings and potential the ICBA. As part of a four- mobile home park development. Just year governance agreement Chris Gardner, president of the Independent Contractors and Businesses Association, warns of outside city limits, central to downtown struck between the BC NDP potential Site C job losses. | SUBMITTED Powell River. $1,800,000 and Greens, a minority NDP government would fast-track a irresponsible and it’s reckless. money already spent by BC Hy- Weaver in 2010, before he had review of the project, said Chris “It’s sending a signal to in- dro on the project vary from $2 entered politics. Gardner, ICBA president. vestors that, if you get a pro- billion to $4 billion. “I can’t see what is stopping “That’s 2,200 families that ject approved in this province, One of the visuals for the Site C,” Weaver is also quoted don’t know in the next two to you may not be able to build it. protest was a poster featuring as saying in 2009. three months whether they’re The government may change quotes from Weaver. The pink slips displayed at the going to have a paycheque,” its mind.” “It meets the definition of protest featured Weaver and said Gardner. “What [BC The Site C project is now clean energy,” was one of the Horgan, with a bubble quote: NDP leader] John Horgan and about 20 per cent along in quotes, which came from a “You’re fired!” ■ Andrew Weaver are doing is construction. Estimates of the Globe and Mail interview with RETAIL/SERVICE STRATA UNIT 2038 SQFT end unit in sixplex strip mall in at $106 billion, according to an application to the BC Su- central shopping district. High ceilings, lots China’s buyers Juwai. preme Court to alter the trust of large windows, appealing exterior with The introduction of a 15 per under which the owners be- covered entrance.Convenient location, excellent prefer Montreal cent foreign-buyer tax on queathed their home on Rose- exposure, store-front parking. For sale at Montreal will surpass Van- Metro Vancouver real estate bery Avenue, so the city can sell $264,500 or lease at $9/sqft + triple net. couver this year as the Can- on August 2, 2016, may have the land. Some have questioned adian destination for mainland helped to bounce Vancouver the action’s ethics. China-based real estate invest- out of its first-place standing Staff estimated the two lots ors, according to China’s lar- for Chinese real estate invest- are worth about $10 million gest foreign-market real estate ors, Juwai suggests. Ontario together.■ introduced a similar tax earlier portal. competition for condomin- this year. The data is based on 2017 iums is creating multiple offer Buyers from China accounted property searches on Juwai. scenarios and putting upward Vancouver home for 17 per cent of all foreign com, the No. 1 Chinese inter- pressure on prices,” said Jill homebuyers in Montreal this national property portal with Oudil, REBGV president. starts plunge year, up from less than 10 per PREMIUM CAR WASH more than two million monthly The benchmark price of City of Vancouver total hous- cent a year earlier, according Excellent Income Opportunity - Newer facility with visitors from China. The sur- a condo apartment is now ing starts have dropped 80 per to Canada Mortgage and Hous- 1 touchless wash bay, 4 spray wand bays, 1 RV vey revealed that the United $600,700, up 17.6 per cent from cent in the first six months, ing Corp. Figures released last stall, 4 vac stations on ½ acre lot, high exposure, States remains the top market June 2016. compared to the same period week by B.C.’s Ministry of Fi- easy access - REDUCED TO $639,000 for Chinese investors, with The total number of proper- in 2016, according to Canada nance show that foreign buy- Canada in fourth place, ahead ties currently listed for sale on Mortgage and Housing Corp. ers accounted for 6 per cent of LEASE SPACES AVAILABLE of the United Kingdom but be- the Multiple Listing Service (CMHC), down from 5,784 to the value of all B.C. residential Westview Shopping Centre - Located on busy hind Australia and Hong Kong. is 8,515, a 9 per cent increase 1,860 units. sales from June 2016 to May Joyce Avenue in the largest residential area “[2016] is the first time in his- compared to June 2016. Single-family detached starts of Powell River, lots of parking, easy access, 2017. There were no details tory that Chinese buyers ac- “Homebuyers have more se- declined from 708 to 462 hous- excellent exposure provided on where B.C.’s for- quired more than C$130 billion lection to choose from in the es, while starts of condomin- eign buyers were from. Unit 3 – 1627 sqft $14/sqft + triple net of international real estate,” detached market while con- ium apartments fell from 3,290 Ideal restaurant or retail set-up said Sue Jong, chief of oper- dominium listings are near an in the first half of 2016 to just Unit 4 – 5000 sqft $12/sqft + triple net ations for Juwai.com. 880 this year. Bright corner unit, ideal retail all-time low,” Oudil said. “The “The 2016 global total repre- Condo crunch in number of condominiums for “It is a surprise, considering Call or email for more details sents a 25.4 per cent increase sale has decreased each month the high demand” said Van- over 2015 and an 845 per cent Metro Vancouver since February.” couver real estate consultant increase over five years ago. The Real Estate Board of Great- and author Ozzie Jurock. Our forecast suggests 2017 er Vancouver (REBGV) reports A report from for the Urban will also be one of the top three that housing sales in the region West Van breaks Development Institute found years on record.” totalled 3,893 in June 2017, an less than a dozen new and un- In order of property search- 11.5 per cent decrease from the trust, sells land sold condominium apartments es this year, the top Canadian 4,400 sales in June 2016 and in Vancouver in the first quar- destination cities are Toronto, The District of West Vancouver down 10.8 per cent compared ter - a record low. Montreal, Vancouver, Ottawa is looking to sell off 2.4 acres of to May 2017. land that was donated to the Total housing starts across INDEPENDENTLY OWNED AND OPERATED and Victoria. “Two distinct markets have Metro Vancouver fell to 12,200 Total foreign real estate in- city more than 25 years ago on emerged this summer. The this year, compared to 14,840 vestment by mainland China the promise it would become detached-house market has in the first half of 2016, accord- buyers in 2017 is projected a park. seen demand ease back while District lawyers are preparing ing to CMHC.■ AUGUST 2017 | WESTERNINVESTOR.COM SEA TO SKY/SUNSHINE COAST | A23

d g d e d : A24 | VANCOUVER ISLAND WESTERNINVESTOR.COM | AUGUST 2017 ‘Strata rules against condo rentals should be banned’ FEATURE | Victoria councillor says units sit vacant that should be rented in a city with a near-zero vacancy rate

“It relates to that older housing By BILL CLEVERLEY, stock. And, certainly, that hous- Times Colonist ing stock is more affordable,” Isitt [email protected] said.

he City of Victoria needs to Short term rentals ask the province to change Tlegislation so rentals could Meanwhile, councillors endorsed not be prohibited by city strata Isitt’s suggestions that city staff, councils, according to Coun. Ben who are developing regulations Isitt. surrounding short-term vacation Under Isitt’s proposal, strata rentals, consider several require- councils would still be allowed ments, including: to introduce bylaws prohibiting ■One listing per host. short-term vacation rentals. ■Proof of the host’s identity and Rather than endorsing the mo- municipal address, as well as tion, councillors referred it back proof that it is the host’s pri- to Isitt for clarification. Restrictions on older condo rentals are cited as among reasons for low rental vacancy rate in Victoria. | SUBMITTED mary residence. Coun. Jeremy Loveday wor- ■Proof of sufficient insurance ried that without a vacant unit manoeuvre to take no action,” moderate incomes. rental vacancy rate, according coverage and that mortgage tax, further restrictions on rent- Isitt said. “I think it was a re- More than 20 per cent of prop- to Canada Mortgage and Hous- terms are not violated. als would only serve to drive up quest from council for further erty owners responding to a re- ing Corp. ■A current police background prices of condominium units. refinements.” cent survey in Vancouver cited Victoria has a blanket prohibi- check. Isitt said he will do more re- He said that rising housing rental restrictions imposed by tion on bylaws restricting rent- ■Submission of site and floor search and then bring the pro- prices combined with low va- strata councils as the reason why als in condominium projects plans depicting size and lo- posal back to council. cancy rates are contributing to their condominium units were built over the past decade. Isitt’s cation of the residence, and “It was not referred into the economic insecurity for seniors, sitting vacant, Isitt noted. measure would be aimed at com- number of off- and on-street ether. It wasn’t a procedural youth and people with low to Victoria has a 0.5 apartment plexes built before that. parking spaces. ■ AUGUST 2017 | WESTERNINVESTOR.COM VANCOUVER ISLAND | A25 Players release details of Grouse Mountain Resort sale FEATURE | Buyer of the 1,200-acre resort is said to be a Canadian group with ties to Shanghai, China

Canada’s international investor. Grouse mountain resort sees By GLEN KORSTROM, “Quattrin and his team em- 1.3 million visitors annually. Its Business in Vancouver barked on a global marketing operations include 26 runs, four [email protected] campaign to sell Grouse Mountain chair lifts, a disc golf course and in September and they received a gondola. what Quattrin said were “mul- rouse Mountain Resort has The land owned by Grouse tiple” offers from qualified buyers. reached an agreement to Mountain Resorts does not in- He confirmed that the asking sell its operations, which clude the Grouse Grind, a popu- G price for the mountain’s oper- includes more than 1,200 acres lar hiking trail that leads to the ations was $200 million but said of privately held land on Grouse mountain. that this was not an indication of Mountain, CBRE vice-chairman Canada’s McLaughlin family, how much the sale price would be. Tony Quattrin has confirmed. which has previously owned All brokers who were working on A Vancouver-based firm that is B.C. companies such as Whistler the transaction to sell the moun- more than 60 per cent Canadian Water, owns the mountain as part tain signed confidentiality agree- owned has bought the North of its 3 Angels Holdings Ltd. ments, Quattrin said Vancouver tourist attraction for Principals are West Vancou- ver’s Stuart McLaughlin and his an undisclosed amount after the Grouse Mountain has been sold to a Canadian group with ties to China. | The asking price for the mountain was marketed for $200 GROUSE MOUNTAIN RESORT Ontario-based sisters Julie Mc- million, the resort announced mountain’s operations Laughlin and Joanne McLaughlin. July 18. the news had incorrectly named Asset Management Co., Ltd. (CM was $200 million The siblings’ late father, Bruce Longtime owner Grouse Moun- the new owner as China Minsheng Canada), which is a Canadian in- McLaughlin started investing in tain Resort and new owner GM Investment Group. That group vestment and asset-management the mountain in the 1980s, when Resorts Limited Partnership (GM does have an investment in GM company, according to a news re- Grouse Mountain was a public Resorts) announced that there will Resorts. The exact amount of Chi- lease from the resort. company. Stuart McLaughlin be no changes to staff or manage- nese investment in GM Resorts, That release outlined the sale and started working at the mountain ment, and that the mountain will however, is unclear. said that Shanghai-based China in 1988 and was a main driver in continue operations as usual. GM Resorts Limited Partnership Minsheng Investment Group sub- taking the company private in Media reports that pre-empted was established by CM (Canada) sidiary CMIG International is CM ” 1989.■ A26 | VANCOUVER ISLAND WESTERNINVESTOR.COM | AUGUST 2017

DONE DEALS | OUR READERS REPORT ON COMMERCIAL REAL ESTATE

8,885 acres of timberland near Nelson, B.C., sold for $9.6 million. | SUTTON GROUP WEST COAST REALTY

14,480 square feet of warehouse 10,129-square-foot residential space and 2,800 square feet of development land parcel, West 26th office space, Annacis Island, Delta, Avenue, Vancouver, sold for $10 Ten Marriott hotels are included in U.S. portfolio sale. | AMERICAN HOTEL INCOME PROPERTIES REIT sold for $6.1 million. | NAI COMMERCIAL million. | WILLIAM WRIGHT COMMERCIAL VANCOUVER REIT BUYS 18 U.S. HOTELS American Hotel Income Properties makes major move into eastern seaboard FROM | Lee & Associates, Van- facility on Annacis Island, includ- ancouver-based American Hotel Income bringing its entire portfolio to 113 properties couver. Lee & Associates agents ing 14,480 square feet of ware- Properties REIT LP (AHIP) has bought 18 with 11,570 guest rooms. Arash Rezai and Martin Delafon- house space and 2,800 square Vpremium hotels across Maryland, New “We have continued to add value through the taine report the following sale: feet of office space. Fosters Way, Jersey, New York, Connecticut and Pennsylvania ongoing growth of our diversified hotel port- DEAL | 19-unit West End co-op with Delta. Price: $6.1 million. in what is referred to collectively as the Eastern folio,” said Ian McAuley, president of AHIP. immediate redevelopment poten- NAI agents Terry Harding, Bran- Seaboard Portfolio. The real estate investment “Since AHIP’s public listing in 2013, we have tial, sold for $947,000 per suite. don Harding and Jackson Tang trust acquired the portfolio for US$407.4 mil- delivered consistent yields for investors of ap- Barclay Street, Vancouver. Price: report the following sale: lion, or $612.9 million Canadian. The guest proximately 8 per cent, while significantly $18 million. DEAL | A 10-unit, three-storey rooms were sold at approximately US$186,000 improving the quality of the portfolio.” apartment complex in Marpole per room. The Eastern Seaboard Portfolio will be man- FROM | NAI Commercial, Van- neighbourhood. Selkirk Street, Ten of the hotels are Marriott-branded and aged by ONE Lodging Management Inc., a sub- couver. NAI agent Doug O’Neill Vancouver. Price: $3.55 million. eight are Hilton-branded. sidiary of Vancouver-based O’Neill Hotels & reports: NAI agent Philip Hare sold: AHIP has acquired 23 hotels so far this year, Resorts Inc.■ DEAL | Free-standing distribution DEAL | 46-unit Slumber Lodge

Semi-Oceanfront 5+ acres subdivide or develop Qualicum Bay on central Brenda Dean presentspt Vancouver Island Semi-ocean front, 5+ acre development site on A ssuccessfuluccessful ssmallmall rresortesort sstepsteps ffromrom tthehe SSeaea $$997,000997,000 community water with 2000 sq.ft. rancher & pasta manufacturing shop. Currently zoned single family but OCP Live and work just steps from the Salish Sea mid-way between Vancouver and Vancouver Island! designates Village Centre. Subdivide or plan your future Live the dream and move to Mayne Island - a popular gem of the Southern Gulf Islands. Step into this development. $1,488,888 well-established successful small family-run resort steps from the National Seashore. Downtown Nanaimo For Lease Blue Vista Resort of Mayne Island boasts great year-round Furnished turn key executive offi ce space in the heart of clientele, reputation, cashfl ow and future prospects. 9 well maintained and self-contained housekeeping Commercial St. from $400.00/month Gross; and studio/ cabins one of which doubles as manager’s quarters. offi ce space $1500/month GROSS inclusive. A rare opportunity and must-see,Come live the dream! Professional offi ce space Dunsmuir Street with views & balcony from 1668 sq.ft. to 5000 sq.ft. From $12.00/sqft plus OE&T. Ground fl oor open plan lease space 7000 sq.ft. From CComeome ffeeleel thethe Magic,Magic, MayneMayne IslandIsland BC!BC! $9.00/sq.ft. plus OE&T. Sandy Clark PREC* 250-668-9878 Personal Real Estate Corporation [email protected] Royal LePage Nanaimo Realty

ADVERTISE WHERE INVESTORS ARE LOOKING WESTERNINVESTOR.COM Get informed before you invest • Exclusive details on Western Canada’s Done Deals • Get the inside scoop with expanded coverage of 604.669.8500 sold properties TOLL FREE 1.800.661.6988 WESTERNINVESTOR.COM AUGUST 2017 | WESTERNINVESTOR.COM VANCOUVER ISLAND | A27

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

160-unit new rental apartment complex, A 33,100-square-foot hotel and 3,600-square- Edmonton, sold for $27.35 million. | CBRE EDMONTON foot restaurant on 1.78 acres, Maple Ridge, sold motel across from Okanagan Lake 6, Vernon. Price: $2.77 million. for $5.01 million. | NAI COMMERCIAL on 1.12 acres. Lakeshore Drive, Penticton. Price: $3.55 million. FROM | Colliers International, NAI agent Gary Haukeland and J-D Vancouver. Colliers agents Randy Murray report the following sale: Heed and Sheldon Scott sold the DEAL | A 33,100-square-foot Econ- following: oLodge hotel and 3,600-square- DEAL | 9.8-acre mobile home park, foot restaurant situated on 1.78 zoned for medium-density residen- acres. Lougheed Highway, Maple tial development, in Fleetwood Ridge. Price: $5.01 million. Town Centre, Fraser Highway, Sur- rey. Price: $18.8 million. Value Village site, with 24,245 square feet of retail A 10-unit, three-storey apartment complex in FROM | William Wright Commer- space over eight city lots, Seymour Street, Kamloops, Marpole neighbourhood, Vancouver, sold for cial, Vancouver. William Wright FROM | Sutton Group West Coast sold for $2.75 million. | BRANDON SHAW REAL ESTATE | NAI COMMERCIAL $3.55 million. agent Cory Wright reports: Realty, Harrison Hot Springs. DEAL | 10,129-square-foot resi- Sutton Group agent Freddy Mark dential development land parcel reports: in the Cambie Corridor Phase 2 DEAL | Agricultural Land Reserve plan. West 26th Avenue, Vancou- parcel 30 kilometres south of Nel- ver. Price: $10 million. son, B.C., 8,885 acres of timber- land sold to Vaagen Bros. Lumber FROM | Brandon Shaw Real Estate, Inc. in Erie Creek Forest Reserve. Kamloops, reports the following: Price: $9.6 million. DEAL | Former site of downtown A 204-unit low-rise rental apartment complex 46-unit motel across from Okanagan Lake on 1.12 Kamloops Value Village, with FROM | CBRE, Edmonton. CBRE on 3.75 acres, 146 Avenue SE, Calgary, sold for acres, Penticton, sold for $3.55 million. 24,245 square feet of retail space agent Bradley Gingerich sold: $35.7 million. | CBRE | NAI COMMERCIAL over eight city lots. Seymour DEAL | 160-unit new rental apart- Street, Kamloops. Price: $2.75 ment complex, Chappelle Boule- million. vard, Edmonton. Listed for $30.25 million. Sale price: $27.35 million. FROM | Form Retail Advisors Inc., DEAL | 204-unit low-rise rental Vancouver. Form agent Joe Genest complex Parkview Village Apart- reports: ments situated on 3.75 acres. 146 DEAL | A 2,700-square-foot re- Avenue SE, Calgary. Price: $35.7 tail building with drive-through million. leased by Tim Hortons. Highway 9.8-acre mobile home park, zoned A 2,700-square-foot retail 19-unit co-op with redevelopment for medium-density residential, building with drive-through leased potential, Barclay Street, CLOSED A MAJOR COMMERCIAL DEAL IN WESTERN CANADA? Fleetwood Town Centre, Surrey, sold by Tim Hortons,. Vernon, sold for Vancouver, sold for $18 million. SUBMIT TRANSACTION DETAILS AT WWW.WESTERNINVESTOR.COM/ for $18.8 million. | COLLIERS INTERNATIONAL $2.77 million. | FORM RETAIL ADVISORS INC. | LEE & ASSOCIATES DONE-DEALS/DONE-DEALS-FORM

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7300 Vedder Rd. BOB PLOWRIGHT CHILLIWACK, BC [email protected] REALTY 1-800-830-7175 www.bobplowright.com 604-858-7179

FOR LEASE IN CHILLIWACK FOR SALE IN CHILLIWACK

RETAIL/OFFICE SPACE (3 UNITS) INVESTMENT PROPERTY

Investment with immediate return and future potential. Current lease with excellent covenant to September 30, 2019. NOI $180,585 per year or 7.22% CAP Rate on Offered Price. High profile 2 floor Retail Office Unit 106 - 723 sq. ft. Unit 107 - 4,226 sq. ft. Unit 108 - 1,000 sq. ft. Building approx. +/- 11,000 sq. ft. Retail Space Former community Professional office Outstanding exposure on main Lease for $/sq. ft. college. All lease- space with all lease- north/south artery, 36,793 cars per Location for Success holds remaining holds remaining day. Lease for $12/sq. ft. Lease for $21/sq. ft. FOR SALE Building 20 years young, excellent condition, elevator, onsite parking. $2,500,000 Share Sale preferred. HIGH PROFILE RETAIL DOG GROOMING BUSINESS EXCELLENT SMALL INVESTMENT 612 to 2289 s. f. office 860 to 1,500 s. f. retail

Downtown location SALE: SALE Quick possession $49,900 $419,900 LEASE From Turnkey dog grooming and shampoo business Fully leased unit in Vedder Village Centre $9.50 to $10/sq. ft. located adjacent to veterinarian Outstanding Sardis/Garrison/Vedder Location High traffic Sardis location  Major Tenants include: A&W, Dairy Queen,  All lease holds and equipment near new MTF Price Matters and over 30 retail units HIGH PROFILE RETAIL  Steady clientele with opportunity to expand and   1,490 sq. ft. retail space CAP Rate 5.75%, Net Income +/- $2000/mon receive referrals from veterinarian  Excellent exposure, close to Cottonwood Be your own boss. Easy to Own, Easy to Manage Mall Visible from HWY 1 INVESTMENT PROPERTY RETAIL/OFFICE BUILDING Quick possession avail.  Plenty of onsite parking

LEASE $13.00/SQ. FT. TN SALE SALE

RETAIL/OFFICE SPACE $949,000 $1,395,000 FORECLOSURE Prime retail space with high exposure and with some of the highest traffic Located in the center of the No. 1 growth area in High profile location. counts in the Chilliwack area Chilliwack, 1 blk to Canada Education Park & Garrison Constructed circa 2000, featuring a rustic look  Up to 4,280 sf retail space on lower floor Commercial property contains separately metered complementing the District of Kent's desire for  10 x 2 bdrm & 1 x 1 bdrm, plus shared laundry facilities 540 to 5,364 office 2nd floor a pioneer style appearance in Agassiz. Close to Hospital Present use is non-conforming to current P2 Zone, possible rezoning to C2 Zone The property opens onto 2 major roads. LEASE FROM $4.00/SQ. FT. TN Frontage onto Vedder Rd. +/- 70FT  Asking price below replacement cost. HIGH PROFILE RETAIL RETAIL BUILDING BUSINESS WITH PROPERTY  1,720 sq. ft. space Located in East Chilliwack SALE Ideal for: doctors, dentists, walk-in clinic, SALE: pharmacy, retail etc. $539,900 $849,900 Onsite parking LEASE HOPE, BC LEASE $10.00/SQ. FT. TN $12/SF TN   High exposure retail space on busy Yale Rd. Own and operate the very successful Bee’s Food HIGH PROFILE RETAIL ~ BUY OR LEASE Building features +/- 2,949 sq. ft. with 1 roll-up door Market on main street of Hope. and bay, can be split into as many as 3 separate Includes: business, commercial building, a 3 bed Lease from 1,400 to 5,866 sf retail spaces. residential suite, fully fenced yard & loading area 2 Strata Buildings from 5,802 to 5,866 s.f. Ideal for automotive related or service style business. Property in excellent condition and well main- Located on busy main road, high visibility Locate your business here or buy existing U-Brew tained  Wide range of options Invest now for future profit One of a kind MEDICAL STRATA UNITS - 3 UNITS SALE FROM $1,279,000 ~ LEASE FROM $9.75/SQ.FT. Ideal location for a medical related business

OFFICE/RETAIL SPACE FOR LEASE 3 blocks from Chilliwack General Hospital Bldg has a pharmacy, elevator & onsite parking Join other successful medical professionals Priced well below replacement cost Prime business location Unit 201 - 3,067 sq. ft. SALE $234,900 Unit 301 - 721 sq. ft., SALE $59,900 Unit 403 - 624 sq. ft. SALE $59,900 102-8030 Enterprise Unit 304 - 560 sq.ft. SALE $55,000 Lease $750/mon 3,427sq. ft. warehouse space with office located in the Ray Yenkana 800-668-8661 industrial area in Chilliwack just of Yale Rd. West CCIM, ABR. REMAX LITTLE OAK High end finish. Very practical and useable industrial space [email protected] YENKANA’S| www.rayyenkana.com SPACE (listing details) Lease for $12.00/s. f. TN WE HAVE QUALIFIED INVESTORS. IF YOU HAVE A POSITIVE CASH FLOW PROPERTY LETS CHAT. I HAVE QUALIFIED BUYERS FOR LAND AND COMMERCIAL PROPERTIES WITH REVENUE. 45789 Spadina 45965 Alexander & Young 806 s.f. retail/office 800 to 2,825 sq. ft. LARGE RESIDENTIAL BUILDING LOT. Located on high traffic corner Prime retail/warehouse space lot Onsite parking 3/4 acre east side of Abbotsford. $599K Lease for $9.50/s. f. TN Lease from $10.00 s. f. TN 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.

Warehouse + Yard Office Lease by SkyTrain For Sale 8,368-SF Industrial Strata Unit Downtown Professional Offices 108 acres with views of the Gloucester Way, Langley, BC New Westminster, BC Okanagan Lake ‚ 2,711-sf outside private yard ‚ 1,727-sf corner view, 8 windows West Kelowna, BC ‚ 1,137-sf finished offices ‚ Next door to SkyTrain & parking ‚ Drone footage available at: ‚ M-2A zoning ‚ 10 ft ceilings & heritage features youtu.be/KBjtKf0bvXw ‚ Handicap accessible Asking: $1,650,000 Asking: $4,000,000 Ken Kiers* & Gary Niesner Competitive Lease Rates 604 209 2222 | 604-833-3656 Don Ellis, RI Gary Haukeland* & J-D Murray [email protected] 604-691-6668 [email protected] [email protected] [email protected] [email protected] HIGHWAY 15 (176 th ST)

0 AVENUE USA BORDER Farm, Ranch & Estate For Sale Development Site 17911-0 Avenue, Surrey, BC 19.83-Acre Ind. Site, Ready To Go 53 Acres (Non-ALR) ‚ 55.53 acres in an incredible South Kamloops, BC Merritt, BC Surrey/Hazelmere Valley location ‚ Large industrial site ‚ 53 acres zoned R-3, R-2 +FD ‚ Holding property with existing ‚ Subdivision potential ‚ Services at street revenue stream ‚ All services nearby ‚ Potential for partial MHP zoning ‚ Site is cleared & ready for planting ‚ Seller may consider trades ‚ App’d. for S/F + estate view lots Asking: $5,900,000 Asking: $5,950,000 Asking: $1,690,000 Chris, Don & Gary Chris Langhaug Chris Langhaug 604-534-7974 604-240-6224 604-240-6224 Toll-Free: 1-800-890-9855 [email protected] [email protected]

For Sale Self-Storage Facility Development Property Development Lot Innisfail, Alberta Abbotsford, BC Langley, BC ‚ 218 inside units, 406 RV spaces Fully rented 4-plex, in OCP for: ‚ 1.13 acres, serviced on 26.32 acres ‚ Multi-unit residential development ‚ C2 zoned for retail & multi-family ‚ Three-bedroom home property ‚ Clean environmental ‚ New construction & hwy exposure ‚ 19,000-sf lot (±20,000 sf) buildable Asking: $3,200,000 Asking: $4,950,000 ‚ OCP Urban 2 – Ground Oriented Ken Kiers* & Asking: $1,250,000 Don MacDonald, CCIM Dan Goldstrom (NAI Advent) Ken Kiers* 604-514-6824 604 209 2222 604-209-2222 [email protected] [email protected] [email protected]

*All asterisks indicate Personal Real Estate Corporation WHERE INVESTORS ARE LOOKING

MARKETING COMMERCIAL REAL ESTATE IN WESTERN CANADA

2017 Media Kit COMMERCIAL REAL ESTATE | FRANCHISES | BUSINESS OPPORTUNITIES $4.29 • AUGUST 2017 • VOL32/8

GET AWAY DEALS | 6 LOWEST-COST RECREATIONAL Five acres of B.C. lakefront for under $40,000; island oceanfront for $199,900

INDUSTRIAL | 12 EDMONTON’S BOLD INCENTIVE City unveils plan to help first-in developers recapture infrastructure costs quicker and easier

CONTENTS Full index 3 The Numbers 4 NITISHA ARMSTRONG Recreational best buys 6 Prince George 8 PRINCE GEORGE Resource towns 10 Edmonton indusrtrial 12 RALLIES FOR Sask.-Man. report 15 WILDFIRE REFUGEES PUBLICATIONS MAIL AGREEMENT 40069240 0 8 BEDS, FOOD AND HOPE |8 0 6 0 3 5 8 1 8 2 9 1 9

Read online at www.westerninvestor.com B2 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | AUGUST 2017

BUSINESS AND INVESTMENT Private Waterfront Estate - Private Cottage built for the Golf Course & OPPORTUNITIES Excellent Future Development Potential Outdoor Enthusiastic Residential Development • Commercial Building - Kamloops Setup for 3 tenants - REDUCED to $549,000 • Established Machine Shop Very profi table-owner retiring-$1.75 million • 3 Business Opportunities in One 84 acres on South Thompson River - Kamloops - Consisting of very productive hayfi elds plus a vineyard and gravel pit - 5 bedroom, 3 bath residence. Operate Located on 3.93 acres, including over 390 feet Recently updated 3 beds 3 bath Log Home with $8,888,000.00 Canadian - Total 61 Acres one or all of these opportunities. This property has water of beautiful sandy Osoyoos lakeshore. Includes a new gourmet Kitchen, in a Very Private setting. 120 seat restaurant for banquet room for special license and is subdividable. Priced at $1.5 million With a large Semi-detached Double Garage and the events. Leased Clubhouse is located next to new 3400+ sq. ft. ranch style home with 3 large DWIGHT VOS perfect Man Cave tucked in the back, complete with 48 unit multifamily development - 70% sold out. bedrooms and 3 full baths, and a 2000 sq. ft. Gym, Sauna, Hobby Room, and your own Archery Incredible access to yearly summer and winter phone: (250) 554-4511 workshop. Price: $2,288,000. MLS® 2128126. practice area! Price: $1,788,000. MLS® 164271. recreation activities, skiing, boating etc. BEST-WEST REALTY LTD. KAMLOOPS email: [email protected] Paul HAGUE 604.328.7760 ■ www.paulhague.ca REMAX Little Oak Realty www.SyberRealty.com

Reynolds Hotel Lillooet

• 10 Boutique rooms • Profi table liquor store & pub • Leased restaurant; same LUCRATIVE DEVELOPMENT OPPORTUNITIES, operator 20 years Shuswaps most desirable and fastest growing community

HOTEL DEVELOPMENT: 3 acre hotel site with zoning & servicing in place. • Renovated assets HIGH DENSITY RESIDENTIAL: Various land parcels ready for development. $190K/acre • Strong fi nancials; great return MULTI FAMILY SITE: 6 acres, fully serviced, zoning also allows for seniors complex. BLIND BAY MARKETPLACE: 34,500 sq Shopping Plaza. $3.1M $2,149,000 Contact Ron Palmer

MEMBER of the Canadian I.C. & I Council KELOWNA Ron Palmer Larry Berisoff 250-862-8100 [email protected] Agent / Broker www.shuswaplakeestates.com | 1888 675 2523 Krysta or Terry | [email protected] www.syberrealty.com [email protected] Accelerating success.

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

117 acre golf and rv resort featuring 173 proposed High profile site, 6.771 acres with excellent 10 acre residential/mixed-use site in Southern For sale or lease, 16,538 sf industrial building RV lots, 3 houses, clubhouse, driving range, 27 visibility from Hwy 97. Adjacent to Superstore and Cranbrook. Max density potential of 133 single with warehouse & office. 7+ acres, secured yard, hole golf course, 18 hole putting course. other major shopping centres. Chris Wills family lots. 4 drive thru bays and drive thru wash bay. Personal Real Estate Corporation Jack Shabbits $4,900,000 Chad Biafore $8,200,000 Murray Wills $1,500,000 Chad Biafore Eric Weber Murray Wills Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation

19-364 Lougheed Road Kelowna 366-368 Bernard Ave Kelowna 9015 Jim Bailey Rd Kelowna Solar & Delray Rd West Kelowna BUSINESS WITH BUILDING INCOME PRODUCING OPPORTUNITY INVESTMENT OPPORTUNITY Two fully occupied, back-to-back fourplexes off Elliott Rd. 8 units total, ±1,320 sf two level with 2 bdrms & 2 bthrms and rear balcony. Redevelopment play. $1,698,000 1878 - 1882 Chandler St Kelowna Profitable, well respected woodworking business Income producing retail property in the 300 block 5 fully leased office units with warehouse space Investment Opportunity - Fully occupied four unit and building for sale. Includes industrial building, of Bernard, leased to successful Asian restaurant. totalling 13,500 SF GLA on 1 acre with fenced duplex on .21 acres in the Capri-Landmark area. business and all fixtures & equipment. Room for expansion on 2nd floor. yards. Newly constructed in Spring 2017. Jack Shabbits Contact Listing Agent Murray Wills $2,175,000 Perry Freeman $3,200,000 Peter Taillon $1,195,000 Chad Biafore Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Kelowna +1 250 763 2300 | Kamloops +1 250 372 7000 | www.collierscanada.com INTERIOR B.C. | ALBERTA | SASKATCHEWAN | MANITOBA

Contents | AUGUST 2017

COLUMNS & FEATURES FEATURES The Numbers 4 BARGAIN RECREATION 6 Our monthly snap stats on the numbers that matter B.C.’s Cariboo and Haida Gwaii, Manitoba and Industrial developers cheer plan 12 Saskatchewan provide Edmonton incentive could save time and money lowest-cost recreational property in the west

RESOURCE TOWN REVIVAL 10 Mining is recovering, pipeines are approved. All resource towns may need is for government to get out of the way ADVERTISING DIRECTORY DID REGINA KILL DOWNTOWN? 15 Interior B.C. 2-8 City policy meant to Northern B.C. 8-11 encourage offices in the Alberta 11-14 core has dampened its Saskatchewan/Manitoba 14-16 street life, real estate professional argues MORE OPPORTUNITIES SECTION A Lower Mainland, B.C. and Vancouver Island COVER FEATURE City staffer Nitisha Armstrong sets up cots as Prince George wel- 8 comes hundreds fleeing wildfires l BRENT BRAATEN, PG CITIZEN

Call: 604.669.8500 or 1.800.661.6988 | Fax: 604.669.2154 | Email: [email protected] or visit us online at: www.westerninvestor.com | 303 WEST 5TH AVENUE, VANCOUVER, B.C. V5Y 1J6

www.BCMotelsForSale.com www.SyberRealty.com www.BCResortsForSale.com

Kootenay Restaurant Grand Forks, B.C. 100 Mile House Motel Radium Hot Springs • Profi table Creston Restaurant • Excellent Commercial Lot on Highway 3 • 26 Unit Motel on Highway 97 • Excellent 22 Unit Motel Near National Park • Original Owners with Experienced Staff • 0.77 Acres Located Beside Liquor Store and A&W • Walking Distance to Shops / Restaurant • Spacious Owner’s Living Area • Highway Commercial Zoning Allows for Many Uses • Price Includes Renovated Building • Excellent Consistent Income • Beautiful Outdoor Pool and Hot Tub • Seller May Build to Suit for Correct Tenant • 2 Bedroom Suite on Second Floor • City Services to the Property • Operated by a Manager! 3 Bedroom Suite • 3 Hours from Calgary! Beautiful Area! Asking $399,900 - Call Ron Asking $269,000 $198,000 - Call Larry Asking $1,250,000 - Call Larry Asking $ 1,049,000 - Call Larry

Highway 16 – Burns Lake Great Business in Grand Forks! Highway 16 Vanderhoof Radium Hot Springs • Liquor Store & Pub with Land & Buildings • 7 RV Pad, 7 Mobile Home Pads, U Haul Franchise • Very Successful + Profi table 14 Unit Motel • 15 Unit Motel with 7 Kitchen Units • Excellent Liquor Store Volume • Riverfront Property with a 4 Bedroom House • Only 2 Owners Last 40 Years • Same Owners for 22 Years • Easy Access Location with Great Parking • C - Store attached (not operating) • Roof and Bathrooms Redone 2012 • Excellent Location across from City Park • Building is Excellent Condition • Solid Monthly Income in a Great Area! • Excellent 3 Bedroom Home • Well Maintained and Very Popular! Asking $1,298,000 - Call Larry Asking $649,000 - Call Ron Asking $789,000 $749,000 - Call Ron Asking $819,000 - Call Ron

Highway 16 Motel Chase B.C. Tchesinkut Lake / Near Burns Lake Cache Creek, B.C. • 29 Units in Excellent Repair • Located between Kamloops and Salmon Arm • Amazing Waterfront Resort - Easy Access on Paved Road • 45 Units On The Trans-Canada Highway • 11.3 Acres and Approximately 2,300 Feet of Waterfront • Excellent Revenue Solid Net Income • Consistent year round Business • Excellent 12 Unit Motel with Excellent Return! • 9 Cabins and 37 RV / Camp Sites • Many Recent Upgrades • Separate House and Over 5 Acres! • Very Nice Living Area with Private Patio • Newer Mobile Home (rented). Newer 40 x 80 Shop! • Swimming Pool • Metal Roof, Newer Windows, Nice Yard! • Gorgeous Waterfront Home about 2,400 SqFt. • Excellent Return! Don’t Delay! • This is Marvelous Property! Bring Your Ideas! • 10 Kitchenettes Asking $1,998,000 $1,890,000- Call Larry Asking $798,000 - Call Larry Asking $2,998,000 - Call Larry Asking $2,398,000 - Call Larry 250-862-8100 MEMBER of the Canadian I.C. & I Council KELOWNA www.syberrealty.com Ron Palmer Larry Berisoff [email protected] Agent / Broker [email protected] B4 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | AUGUST 2017

LEADING TRENDS | THE NUMBERS Our monthly BANK OF CANADA snap stats showing leading trends 0.75% OVERNIGHT affecting western real estate LENDING RATE n annual report on recreational land sales compiled by legendary real Aestate evaluator and appraiser Rudy Nielsen states the demand for land in B.C. Commercial and industrial real estate Building permit values has reached a high not seen since the early 1970s. Office vacancy rate* Industrial vacancy rate† Vancouver $722 million Today’s demand for recreational prop- Vancouver 6.9% 3.0% Calgary $431 million erty in the province is due to four primary Calgary 27.7% 9.3% Edmonton $351 million demographics: people with growing con- Edmonton 20.6% 8.5% Regina $51 million cerns about the cost of city living; pur- Regina 13.3% 3.2% Saskatoon $81 million chasers wanting to escape city life and Saskatoon 16.1% 7.6% Winnipeg $153 million embrace small-town life; investors looking Winnipeg 9 . 5 % 4.0% to purchase land for both recreational use *NOTE: ALL STATS ARE FROM Q2 2017 EXCEPT FOR SASKATOON OFFICE AND INDUSTRIAL RATES. and investment income; and buyers seeking SOURCES: COLLIERS INTERNATIONAL Q1 2017 *DOWNTOWN VACANCY RATE SOURCE: STATISTICS CANADA, MAY 2017 a safe place for their families. Recreational land in the Gulf Island, Van- (all types combined)* couver Island (north of Victoria) and Cari- Total monthly retail sales Apartment rental vacancy MLS home prices boo regions has all experienced increases in average sale price since 2014. The Kootenay B.C. $6.8 billion Vancouver 0.7% Vancouver $998,700 region was the only area in B.C. to post a Alberta $6.7 billion Calgary 7.0% Calgary $441,500 decrease in sale price. Saskatchewan $1.6 billion Edmonton 7.1% Edmonton $393,212 The average sale price for Gulf Islands Manitoba $1.7 billion Regina 5.5% Regina $297,800 land has increased 4 per cent, from $214,895 Saskatoon 10.3% Saskatoon $296,400 in 2014 to $223,624 in 2017. The number of Winnipeg 2.8% Winnipeg $285,231 sales peaked in 2016, with 182 recreational *ALL TYPES OF HOMES COMPOSITE PRICE, METRO REGION SOURCE: CANADA MORTGAGE AND HOUSING CORP. SOURCES: CREA, LOCAL REAL ESTATE BOARDS AND ASSOCIATIONS AS OF JUNE 2017 properties sold between January and May. SOURCE: STATISTICS CANADA, APRIL 2017 RENTAL MARKET REPORT, OCTOBER 2016 Forty-eight sales have been recorded for January to May of this year. Vancouver Island (north of Victoria) rec- Labour Recreational land sales in B.C. reational land has increased in average 2015 2016 2017 value 21 per cent, rising from $183,386 in Unemployment rate Average weekly wage 2014 to $232,621 in 2017. The number of 2000 B.C. 5.1% $934 sales remains the highest in this region, 1,733 peaking at 1,733 sales in 2016, but dropping Alberta 7.4% $1,126 off at 833 sales in 2017. Saskatchewan 6.5% $1,005 1500 Cariboo-region land has also increased 21 Manitoba 5.3% $920 1,176 per cent in average price while still remain- SOURCE: STATISTICS CANADA, JUNE 2017 SOURCE: STATISTICS CANADA, APRIL 2017 1000 833 ing the cheapest of the four B.C. regions.

Recreational properties in the Cariboo 545 Resource sector 500 averaged $87,845 in 2017, compared with 410 267 246 $69,207 in 2014. 185 119 182 Gold Copper Oil Natural gas 84 48 The recreation report was prepared ex- clusively for Western Investor and sup- $1,215 $2.66 $45.14 $3.04 per ounce per pound WTI/per barrel per gigajoule Vancouver ported by Nielsen’s real estate evaluation Island north company, Landcor Data Corp. ■ SOURCE: NASDAQ Cariboo Gulf Islands Kootenay of Victoria NUMBERS REPRESENT SALES FROM JANUARY TO MAY EACH YEAR – Tanya Commisso ALL PRICES IN U.S. DOLLARS; PRICES AS OF JULY 11, 2017 SOURCE: LANDCOR DATA CORP.

BUSINESS ADVISORY PRACTICE 604 683 7535 naibusinesses.ca FOR SALE

Columbia Gardens Apartments - Revelstoke Rivers Edge Apartments - Revelstoke • Income producing • Income producing 44 73 unit, 4 building unit, single apartment complex building • 7.5% Cap Rate on • 7.1% Cap Rate on Projected 2017 Net Projected 2017 Net Businesses For Sale – Central Interior BC Income Income • Offered via conduct • Offered via conduct of sale of sale Heating & Machine & Restoration Price: $11,795,000 Price: $6,395,000 Plumbing Fabrication Services Business Business Company Fully Leased Four Plex in Kelowna Income Producing Apartment Buildings • Fully leased income • 2 bldgs w/ 26 rental ` In business for over ` In business for over ` Family owned operation producing four plex units in the heart of 15 years 30 years ` Experienced team of • Units have been Downtown Kelowna ` One of the largest ` Custom machining, professionals handling renovated • Rents below market, hearth dealers in Central fabricating & welding cleaning and restoration • Upside potential 25,552 SF in unused Interior BC projects ` Consistently profitable through surplus land FAR ` Business continuously ` Limited regional ` 24-hour emergency Price: $1,195,000 Price: $4,990,000 growing competition service ` Revenue: $2,400,000 ` 5-Year Average EBITDA: ` Revenue: $850,000 ` EBITDA: $500,000 $450,000 2700 Richter St. Kelowna, BC V1Y 2R5 ` Includes $600,000 inventory T (250) 712-3130 F (250) 860-1600 Price: $1,300,000 Price: $1,500,000 Price: $575,000 ` ` ` E [email protected] Alf Sanderson* Delon Cheung 604 691 6646 604 691 6654 HMCOMMERCIAL.COM [email protected] [email protected] Macdonald Realty Kelowna *Personal Real Estate Corporation AUGUST 2017 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | B5

AAstoundingstounding bbusinessusiness opportunity!!opportunity!! Zoned and Permit for PUB FOR SALE 97 Townhouses Purchase this established, profi table Oliver, BC and highly successful health and Peachland BC fi tness business and be your own 11.34 ac, breathtaking lake views, walking $850,000 boss. Fitness West has been built distance to City Centre & Okanagan Lake Sale includes 1.0 Acre Land, Updated Olde from the ground up over 20 years to $6,200,000 MLS 10129281 become one of the most successful English Style Building, High Quality Equipment, gyms in the interior of BC and now Lake View Development Owners Suite and Business included! we offer you the opportunity to West Kelowna BC Call or email for details: 250.809.1893 continue this success and lead the Phase 3 & 4 on 10.32 ac, projected for 59 lots or [email protected] lifestyle of your dreams. $4,250,000 MLS 10131475 MLS 163591 $839,000 Business only Silvia von Deichmann Call John Kristian PREC Wine Capital 250-869-0101 251 Harvey Ave., Re/Max Vernon 250-549-4161 [email protected] Kelowna, BC V1Y 6C2 Realty [email protected] Each offi ce is individually owned and operated

OKANAGAN – B.C. INTERIOR INVESTMENT OPPORTUNITIES 56 FERNWOOD RD 3495 OKANAGAN ST. MOBILE HOME PARKS New Listing - Salmon Arm New Listing - Golden • 12 Sites on 2 acres ● 1st time on market in 30 years! • Quiet rural setting ● 69 Sites on 12.0 Acres • 10 minutes to downtown ● Town sewer & water • Full occupancy ● Close to all amenities • Shows +/-6.2% return ● Shows +/-7.1% return MLS 10131945 $820,000 MLS 10136911 $749,000 • Price $525,000 ● Price $1,675,000 3090 SMITH DRIVE #6 3370 SMITH DR. West Kelowna ● 110 Sites on 20.9 Acres ● Native Lease Land ● Community Water ● Full Occupancy ● Net Income +/- $$280,000 ● Price $2,050,000 14% Return!

OSOYOOS - PRIME DEVELOPMENT SITE CLOSE TO LAKE MLS 10137474 $468,000 MLS 10128485 $168,000 ● 2.13 Level Acres only 250+/-Ft. from Osoyoos Lake ● Corner Site - Frontage on 3 Roads 2516 PATTERSON AVE. 1. Equestrian 39 Acres ● Zoning allows variety of Tourist Commercial uses ● OCP allows Commercial Residential Multi Family 2. Armstrong Blue Hotel ● Subdividable into 10+/-Lots 3. C-2 Lot .78 Acre Price $1,050,000 4. Business Opportunity (Armstrong Computers) 5. #2 Strata Building VADIM KOBASEW MLS 10134490 $566,000 C OMMERCIAL REAL ESTATE SPECIALIST 250-490-7959 / 1-800-567-6770 [email protected] FOR SALE RE/MAX PENTICTON REALTY, PENTICTON, BC

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

4400 & 4600 Canoe Beach Rd, Salmon Arm ‚ 8.75-acre development site: two adjacent parcels of 3.75 acres and 5 acres ‚ R-4 zoning allows for 40 units per hectare Penticton Motels Asking: $999,000 68-Room Motel For Sale For Sale 8259 & 8280 Wallace Road, Vernon ‚ Located in downtown Penticton 557 & 567 Clement Avenue 844–852 Crowley Avenue, Kelowna ‚ Two 40-acre parcels ‚ Okanagan Lakeside, steps to beach & 1215 St. Paul Street, Kelowna ‚ 5,240 sf office/shop with newer 1,815 sf ‚ Subdivision potential into 5-acre parcels Asking: $5,900,000 ‚ 3 lot land assembly in Kelowna’s residential suite (4 bedrooms) above ‚ 10 minutes to Silver Star Mtn Resort and Downtown, total lot area of 16,590 sf ‚ I-4 Industrial Zoning City of Vernon 46-Room Motel with Many Upgrades ‚ C7 zoningUnder allows Contract for 21,972 sf mixed- ‚ 3 legalUnder lots with largeContract fenced yard storage ‚ 8259 Wallace Rd backs onto BX Creek ‚ Located in downtownSOLD Penticton use development and secure vehicle gate ‚ 8280 Wallace Rd offers valley & lake views ‚ Okanagan Lakeside, steps to beach Asking: $4,500,000 Asking: $2,295,000 Asking: $1,190,0000 8259 Wallace Rd: $799,000 3369 & 3373 Old Okanagan Hwy, W. Kelowna 8280 Wallace Rd: $999,000 26-Room Motel ‚ 2.84 acres of leasehold land Tim Down Asking:Under $1,300,000 Contract ‚ Multifamily Residential High Density 250 864 9140 Business with Property developmentUnder site Contract [email protected] ‚ Salmon Arm Go Karts & Mini Golf ‚ Holding income from house & small shop ‚ Located on the Trans-Canada Hwy For Sale or Lease Asking: $1,069,000 9110 & 9120 Main Street, Osoyoos Asking: $589,000 9415 & 9419 Spartan Drive, Osoyoos 1340 St. Paul Street, Kelowna ‚ Mixed-use development opportunity Restaurant Asset Sale Rare 730 feet of prime development ‚ Solid concrete block building totaling ‚ ‚ Comprehensive Development zoning ‚ #104-3466 Carrington Road, W. Kelowna 8,000 sf lakeshore on Osoyoos Lake allows for 237 Residential units & 45,000 ‚ Turn key operation Asking: $2,100,000 or $16 psf, net ‚ 1.913 acres over 3 individual parcels sf of Commercial Asking: $168,000 Mike Geddes* ‚ Sewer and water available ‚ ±450’ of lake frontage 250 878 6687 ‚ Town of Osoyoos supportive of Asking: $2,995,000 Philip Hare [email protected] development for low density projects 778 214 2150 *Personal Real Estate Corporation Asking: $3,250,000 250 868 1879 [email protected] B6 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | AUGUST 2017 Lowest-cost recreational buys in Western Canada RECREATION | You can buy five acres of B.C. lakefront for less than $40,000 and most Saskatchewan and Manitoba cottage prices haven’t budged in a year

recreational properties priced at less than $60,000 are courtesy of By FRANK O’BRIEN & LandQuest. GEOFF KIRBYSON ■Three-acre lakefront parcel on [email protected] Burns Lake in north-central B.C., near Tweedsmuir Prov- he benchmark price of a incial Park, is accessible only detached house in Met- by boat or air. Price is $32,900. Tro Vancouver is now $1.3 ■Just over five acres near lakes million and a typical condomin- and the town of Fort St. James ium apartment is $600,000, so in northeast B.C., with power Priced from $199,900, oceanfront lots on Sidney Island are considered a best recreational buy in the Gulf $50,000 will buy less than 80 and phone to the lot line, and Islands of B.C. | LANDQUEST square feet of housing in the city. all-season road access. Price But it is much different in the is $39,500. remain the best value in the Gulf land-of-a-thousand-lakes Mani- of Winnipeg on the west shore recreational market of vast Brit- ■6.8 acres on Francois Lake in Islands in my opinion,’ said Ri- toba may be your best bet. of the Winnipeg River are selling ish Columbia, where a day’s drive the high Cariboo. The power is chard Osborne, LandQuest The average price of a Manitoba for an average of $340,000 and can lead to lakefront acreages in to the lot line and there is a president. “We have sold 17 lots lakefront cottage is $238,600, flat $200,000, respectively. for less than $40,000, accord- nearby resort with a restaurant, since 2015 but there are still a few from a year ago, and the lowest of ing to exclusive data provided to store and boat launch. Price is really good deals left.” any province west of the Atlantic, Western Investor’s annual Rec- $41,000. These include strata-titled according to Royal LePage. Saskatchewan reational Investment Report by ■Five acres with a small cabin a oceanfront properties from Prime riverside and inland cot- Niho Land and Cattle Co. and its short walk from Francois Lake, $199,000 to $390,000. The island tages located an hour northeast According to the 2017 Royal subsidiaries, LandQuest Realty has power and easy access. community is just off the southern Corp. and Landcor Data Corp., Price is $52,000. tip of Vancouver Island. Average sale price, by area in British Columbia, 2014-2017 which tracks all B.C. real estate The other B.C. oceanfront par- title transactions on a weekly cels for less than the price of a basis. Gulf Islands Vancouver bachelor suite include $300,000 We also scoured the Prairie property on Haida Gwaii, where $250,000 $264,511 $232,621 $223,624 $215,983 $214,895 $210,777

provinces to unearth the best After a near-decade slump, prices $139,000 will buy 6.8 acres, with $200,560

$200,000 $183,386 recreational land prices east of are slowly recovering in the Gulf sandy beach on the Pacific Ocean; $163,768

the Rockies. Island archipelago between the and north of Tofino on the western $150,000 $139,355 $139,250 In British Columbia, the lake- Lower Mainland and Vancouver edge of Vancouver Island, where $136,241 $100,000 $83,357 $87,845 $78,111 rich Cariboo offers the best rec- Island. The average recreational 2.7 acres of oceanfront in Hot $69,207 reational value, according to Niho property sale price this year is Springs Cove is listed at $79,000. $50,000 founder Rudy Nielsen. This year, $222,624, up just 4 per cent from the average price paid for a Cari- 2014. In the first five months of 2014 2015 2016 2017 boo recreational title is $87,845, this year, 48 parcels have sold on Manitoba Cariboo Gulf IslandsKootenay Vancouver Island north of Victoria a 21 per cent increase from three the Islands, with an average lot years earlier. size of 3.5 acres. If you want the biggest bang for SOURCE: LANDCOR DATA CORPORATION The following list of B.C. “The lots on Sidney Island your cottage buck on the Prairies,

3 OKANAGAN LAKE DEVELOPMENT SITES INVESTMENT PROPERTIES FOR SALE P 250-372-1232 | www.CMLPROPERTIES.ca

69 Kestrel Place - 83 Peregrine Way - 7295 Okanagan Landing Ψϯ͕ϭϬϬ͕ϬϬϬ $539,000 $900,000 Road - $5,500,000 1.4 acre development parcel Ten acres of development land Multi family site on Okanagan zoned R5 to build up to 12 in Canadian Lakeview, zoned R5. Lake in Vernon. Zoned R5. 9.91 townhomes. Lake view and lake Great views of Okanagan Lake. acres with 6.69 acres usable. access. MLS # 10129617 Beach access. MLS # 10128013 MLS # 10132812 www.donkassa.com Don Kassa [email protected] 250-549-4161 Remax Vernon ϲϱϭͲϲϱϵsŝĐƚŽƌŝĂ^ƚƌĞĞƚ͕<ĂŵůŽŽƉƐ KůĚ<ĂŵůŽŽƉƐ&ŝƌĞ,Ăůů͕ϭϮϱϰƚŚǀĞŶƵĞ ZĂƌĞŽīĞƌŝŶŐ >ĂŶĚŵĂƌŬďƵŝůĚŝŶŐ ϮƐƚŽƌLJĐŽŵŵĞƌĐŝĂůďƵŝůĚŝŶŐ ǁŝƚŚĚƵĂůĨƌŽŶƚĂŐĞŝŶƉƌŝŵĞ ŝŶĚŽǁŶƚŽǁŶ<ĂŵůŽŽƉƐ ĚŽǁŶƚŽǁŶ<ĂŵůŽŽƉƐůŽĐĂƟŽŶ Long term tenants KĸĐĞͬƌĞƚĂŝůŵŝdž 761-Lot 1 Loomis-Oroville Rd, Tonasket, WA 98855 761-Lot 3 Loomis Oroville Rd, Tonasket, WA 98855 Building upgrades throughout Basement storage Rare Waterfront Lot 30 Mins from Osoyoos in USA RARE WATERFRONT LOT - 2.15 irr acres with domestic water, installed septic & power on property - 2.15 irr acres with domestic water, installed septic & power on property Underground and exterior parking stalls džĐĞůůĞŶƚĞdžƉŽƐƵƌĞ - Approximately 205 ft of water frontage with shower house on lot. - Approximately 170 ft of water frontage with shower house on lot. - Lot is level with mature landscaping/trees, & communal dock access - Lot is level with mature landscaping/trees, & communal dock access 'ƌŽƵŶĚŇŽŽƌƌĞƚĂŝůĂŶĚϮŶĚŇŽŽƌŽĸĐĞƐ ϮϲƐƵƌĨĂĐĞƉĂƌŬŝŶŐƐƚĂůůƐ - RV hookups currently on site-perfect for year-around custom - RV hookups currently on site-perfect for year-around custom home home or recreational get-away or recreational get-away ĂƐĞŵĞŶƚǁŝƚŚĂŵƉůĞƐƚŽƌĂŐĞĂŶĚůŽĐŬĞƌƐ Fully leased – great revenue - Spectacle Lake is over 310 acres with exceptional fi shing, boating, & wildlife - Spectacle Lake is over 310 acres with exceptional fi shing, boating, & wildlife DĂƩtĂůůŝŶ͕͘Žŵŵ͘ ƌĂŝŐDĐ/ŶƚLJƌĞŽƌWŚŝůDĂƐŽŶ 250-372-1232 ext.102 250-372-1232 ext.103 250-372-1232 ext.114

ŵĂƩΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ ĐƌĂŝŐΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ ƉŚŝůΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ AUGUST 2017 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | B7 Super Building Potential use In July the Federal Govt. legalized Marijuana in Canada INVESTMENT OPPORTUNITY 2800 29th Street , Vernon New Listing ● Offi ce/Retail 14000 sq. ft. building ● National Tenant ● Current Net Annual Income $138,875 ● 80% occupied ● Potential Net Annual Income at Full Lease Up $184,641 $2,100,000 MLS# 10132182 Stewart Pearson [email protected] Cell: 250-308-9760 Toll Free: 1-800-667-2040 RE/MAX Commercial Solutions Okanagan (Lumby) Industrial Park Over 5,000+ sq.ft. quality constructed build- Six acres of oceanfront on Haida Gwaii, with power to the lot line, is listed for $139,000 by ing - Finished interior insulated walls - 3 Phase Sam Hodson of LandQuest. | LANDQUEST REALTY CORP. OKANAGAN 400 Amp service (various service boxes/weld- ing outlet) Top grade exterior/roof sheeting -

LePage Canadian Recreational Housing OPPORTUNITIES 12’ overhead door - 14’ceiling - Concrete fl oor Report, the average price of a recreational - Offi ce with washroom - Asphalted driveway/ lakefront property in Saskatchewan is parking - Gated one acre secured chain link $297,200, unchanged from a year ago. fence (currently used as public rental storage) . Cottage prices in the popular Christopher Lake, Emma Lake and Candle Lake regions Quality 2nd fl oor 2 bedroom are the exception, rising slightly due to fully contained residence limited supply and sustained demand. Asking $575,000 Lakefront cottages in these three areas are (Reproductive costs in excess of $1.8 Million) fetching an average of $600,000. “Prices have levelled off to a more in- Five acres with a small cabin at Francois Mt. Sentinel teresting point for buyers,” one real estate Lake in B.C.’s high Cariboo is listed for Walter Tymofi evich Realty Ltd. agent explained. ■ $52,900. | LANDQUEST REALTY CORP. Owner/Broker - 2 Residences - Hwy Access 250-487-1585. [email protected] - Profi table Fruit Stand-6000 sq.ft. - Productive Greenhouse 12,000 sq.ft. Own your OWN - Potential in adjoining property 4305 HIGHWAY 3 MECHANIC/TIRE Shop! 1.7 ACRES - $2,495,000 Oliver, BC

EXCLUSIVE LAKEVIEW OPPORTUNITY Title #1: 0.26 acres vacant land SHUSWAP LAKE, SORRENTO, BC 11.57 acre parcel - 3 titles Title #2: 0.51 acres w/ 3 bed/2 bath house For Investment and/or Development Title #3: 10.8 acres w/ 32 x 60’ shop w/ carports Zoned Rural Residential 1 Designated Village Centre in OCP Parcel slopes gently toward lake. Subdivide - Develop - Hold Access from 3 sides. $1,650,000 - Zoned C4 – Hotel, Motel, etc. 1.6 Acres FRANCHISE HOTEL FOR SALE, CENTRAL BC - Location – Corner: Main & Lakeshore Dr. • 4 Bay FULL Mechanical and Tire Shop - Hwy access-Value mostly in LAND designed by the owner, who is soon retiring. 5501 LAKESHORE DRIVE 1.6 ACRES - $2,250,000 • Turn key business, includes building and land. LLAKEAKE VVIEWIEW PPROPERTYROPERTY • Zoned M2 – Heavy Industrial Proudly presenting “Quality Inn & Suites” in Quesnel, Central BC for Please contact • Situated on .52 acre sale, located within one of B.C.ʼs fastest growing communities. John Yun - 83 Guestrooms (28 Kitchenette, 7 Executive & H/M Suites with Jacuzzi) on 1.9 Acres Cell: 604-500-4339 • Industrial, steel frame building constructed - Well maintained and regularly upgraded, renovated and kept in pristine condition. [email protected] - Ranked 2nd of 15 hotels on TripAdvisor (Certifi cate of Excellence in 2015 & 2016) in 2000, Measures 48’x96’. - Strong, steady, uprising income stream since major renovation & re-branding in 2012 • Approx 1150 sqft (2 bedroom) apartment - Asking Price: $5,500,000 (Share Sale) located on the level above the offi ce area. OOSOYOOSSOYOOS - Currently R.V. camp ground • Main fl oor has an offi ce, reception, Prime exposure & waterslide mixed use - High Traffi c Area/ washroom area & employee facilities. DDairyairy QueenQueen development Public Beach across street • Mezzanine within the shop. HHighlandighland IInnnn & opportunity!! - . was approved for Multi Fam. AAmusementmusement • Very clean and has up to date equipment. St. CCrownestrowne Hwy PParkark Dev. MMainain St. st Hwy Take advantage of nearly 500 feet of BBeyondeyond BBeautyeauty HHairair SStudiotudio high exposure frontage located right on 5503 LAKESHORE DRIVE C Cottonwood Dr. DDesertesert MirageMirage Priced at $1,695,000 plus stock o the Crowsnest Highway! 1.277 acres of

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D SSolana Key r . for more information ALLAN TAYLOR please contact us at Cell: 250-498-9886 [email protected] or Jason Abougoush, MBA (250) 864-3311 [email protected] Real Estate Professional www.jasonabougoush.com www.allantaylor.ca call 250-498-9487 B8 | INTERIOR BRITISH COLUMBIA | NORTHERN BRITISH COLUMBIA WESTERNINVESTOR.COM | AUGUST 2017 Prince George pauses to aid fire victims, responders COVER | Superb civic facilities pressed into service as thousands of neighbours flee and fight one of the worst fire seasons in B.C. history

In June, the Prince George un- By WI STAFF employment rate was 6.3 per cent, [email protected] with 47,500 working. Its housing market is reflect- he bustling city of Prince ive of the improving economy, George paused in July to according to a BC Northern Real open its doors to hundreds T Estate Board (BCNREB) first-half of northern and central B.C. resi- dents driven from their homes by report. one of the worst fire seasons in In all, 515 single-family homes provincial history. have sold so far this year for an As of our press time in mid-July, average price of $311,850. That’s more than 180 fires were burning, up from the same point last year, many considered out of control, as when 484 went for an average the B.C. government declared a $300,903. provincewide state of emergency “Prince George seems to be slug- to co-ordinate the crisis response. Annie Doran, Tourism Prince George marketing and communications manager, under smoke-filled skies: “we ging along,” said BCNREB direc- The BC Wildfire Service said more all are coming together as a community because this is a tragic event.” | TOURISM PRINCE GEORGE tor Bob Quinlan. than 173 fires were reported on Rental homes also appear to one day alone as lightning storms Doran said some are also giving use the YMCA of Northern BC’s be drawing interest from buyers rolled over several parts of B.C. evacuees a discount rate. facilities free of charge to shower based in the Lower Mainland, he A total of 1,000 firefighters The tourist information cen- and clean up, get some rest or use said. were battling the wildfires with tre has also been a hive of activ- the gym equipment. an additional 600 people backing “We’re seeing investors who ity as staff have helped visitors “We’re a mid-size city with a have cashed in down there and them up. Another 200 contractors with finding alternate routes and small-town feel, and we all are they can get into, say, a duplex were helping. changing bookings and just gen- coming together as a community Kevin Skrepnek, chief informa- erally providing updates on the because this is a tragic event,” here for $100,000 or $75,000 and tion officer for the fire service, forest fire situation. Doran said. it’ll cash flow them, it’ll give them said it was “an extraordinary day “Just letting people use our a return,” Quinlan said. in terms of fire activity across the phone to call, letting people use The upswing in construction in- province.” the internet,” Doran said. North- Strong economy cludes a new $35 million Marriott In Prince George, the forest ern Health was working to accom- 180 forest fires were burning in hotel being built downtown, an fires to the south – Williams Lake modate an influx of patients from Prince George is a mid-size town B.C. as of mid-July. | VICTORIA TIMES expanding industrial base and the was threatened and other towns Williams Lake. They’re being ac- – with about 90,000 residents COLONIST opening of a giant Lowe’s home burning – has meant the city’s cepted at University Hospital of – but its big-city amenities and improvement outlet in July. hotels are working flat out to meet Northern BC in Prince George. economy have helped it welcome sectors, according to the Confer- Located in Pine Centre Mall in demand. Clinics are being set up at the fire victims and firefighters. ence Board of Canada. what was once home to Zellers and “Most of the hotels are fully College of New Caledonia and It is a city that can afford to be The city’s unemployment rate Target booked and I know lots of them the Northern Sport Centre, and generous. stood at 5.9 per cent in May, ac- the short-lived , the new are working around the clock to room for more than 100 seniors Prince George’s overall economy cording to Statistics Canada, com- $20 million Lowe’s covers 101,000 accommodate the evacuees, the was found at residential care and is forecast to expand 2.8 per cent pared to a B.C.-wide rate of 5.6 per square feet of retail space and is fire crews,” said Tourism Prince assisted-living facilities in Prince this year, outpacing Canada, with cent. Prince George’s jobless rate accompanied by a 7,500-square- George marketing and communi- George. the largest gains coming in con- in May was down from 6.6 per foot garden centre. ■ cations manager Annie Doran. Evacuees are also welcome to struction, finance and real estate cent for the same month last year. – With files from PG Citizen

Prince George - Tenanted Industrial Building For Sale FOR SALE 1140 PACIFIC STREET, PRINCE GEORGE, BC

3 Acres A c • 38,733 sf, tenanted industrial building r e s • 4.6 acres located to the south of Downtown

• Long term lease in place, 7 years remaining

www.collierscanada.com/21909

Murray Wills DIR 250 808 6877 [email protected] DEVELOPMENT SITE - $449,900 www.collierscanada.com 3 Acres - Kimberley, B.C. Colliers Macaulay Nicolls Inc. R-12 zoning allows for up to 32 res lots. Zoning also allows for accessory PRINCE GEORGE AND AREA dwelling (lock off) units for in-laws or extra revenue. Super location close to downtown, ski hill and borders Mark www.pgcommercial.ca Creek and Lions Club walking trails. PHASE Services to site. TRADE WORKS DEVELOPMENT 2 Contact: EEricric D.D. LyonsLyons / JimJim BakerBaker NOW SELLING - 4-9 Acre Lots From $115,000 - Drilled Well (Each Lot) RRE/MAXE/MAX SSabreabre RRealtyealty - Hydro, Natural Gas, Telephone - Paved Road 6604-942-060604-942-0606 TTolloll FFreeree Rod McLeod George Weinand 11-888-942-0606-888-942-0606 250-961-3325 250-960-9556 AUGUST 2017 | WESTERNINVESTOR.COM NORTHERN BRITISH COLUMBIA | B9

High Profi le Offi ce/Retail Space 4,300 sq.ft. Building for Sale/Lease EXCELLENT INVESTMENT/DEVELOPMENT OPPORTUNITIES IN DOWNTOWN For Sale in Dawson Creek: PRINCE GEORGE Development opportunity with Cash Flow Lot & house $148,500.00 NEW PRICE Add’l lots $139,900.00 with over 16,000 sq.ft. of prime C-2 land 10067 - 100 Avenue B,B 1012310123 - 999th9 h AAvenue This spacious offi ce building boasts approx. 12,000 sqft Be a part of this high-profi le offi ce or retail space in the brand Own your own offi ce building and a little bit of Fort St. John history! of space with 6,000 currently being leased. Parking for 12 new H & R Block complex, located in the developing west end. This building has been extensively renovated to accommodate 14 Easily confi gured to suit your needs, this bright and airy space to 15 offi ces, large front reception and waiting area, board room, vehicles. Located close to city hall, the new WDIC building fully equipped kitchen with 3 pc bath. 2 handicap washrooms, 2 offers 2 large entrances with handicap access, paved parking and the new UNBC research Lab currently under construction. fi le storage rooms, full undeveloped concrete basement. Parking at Excellent offi ce lease improvements upstairs. Now $1,080,000 lot, and a prime corner location for your retail, offi ce or any rear. Historically it was our original Marshall Wells Hardware Store. specialized professional practice. No drop-ins please. Property also for lease - see MLS# C8013178. NEW PRICE $21.00/sq. ft. + NNN - MLS# C8013208 $669,000 - MLS# C8013177 IDEAL FOR SMALL BUSINESS! 2400 sq.ft. Freestanding Offi ce/Warehouse

Former Achillion Restaurant on the same block as UNBC’s new engineering school (WDIC) and next door to the 4.5 million UNBC research lab which is now under construction. Great location for retail or restaurant, 4182 square feet of fl oor space plus bsmt. Now $599,000

INVESTOR ALERT 9626 - Sikanni Road 1020810208 - CCree RRoadd 2000 sq. ft. shop in the demanded Sikanni Complex. Shop measures 2400 sq ft (30 x 80) freestanding concrete tilt-up offi ce/warehouse. 25' x 62' with the offi ce/reception measuring 25' x 18'. Ideal space Beautiful fl oor to ceiling window comprising of 2 offi ces on the main for a small business - this space offers a front reception area, with mezzanine above, a 2-pc bath, 16 x 16 overhead rear door and work 1 large offi ce, 2 pce bath, a mezzanine. The shop has a 14' overhead area to the side. Chain link fenced compound, concrete drive and pad. This is your opportunity to invest in a carefree net lease. door with 16' ceilings. Adjoining space also available if 4,000 sq.ft. Now is the time to showcase your business in this state-of-the-art Current annual net revenue $156,000. Current owner has been is required. 9628 - Sikanni RD - C8010099 building. Seller reserves the right to approve tenant. leasing to a Long term “A” tenant now for 24 years. 17,653 SQ. FT. Well-constructed and maintained concrete block $16.00/ sq. ft. + NNN MLS# C8010098 $19.00/ sq. ft. + NNN - MLS# C8012265 warehouse building on fenced 1.284 HA (approx... 3ac). Cap More info... Multi-tenanted Retail Building Industrial Shop/Offi ce Space Rate of approx. 6.35%. Asking $2,450,000 calgaryhomesweethome.com Contact Gordon Langer [email protected] 250-565-4663 oardwalk [email protected] PROPERTIES 403.829.5949 pgrealestate.com A BRINK GROUP COMPANY

CONCEPT FLOOR AND KITCHEN CENTER LTD. Turnkey Business Opportunity in BC’s Northwest: 9137 - 96A Street St t 98089808 - 240240 RoadR d 4730 Keith Ave. Terrace BC Located in the heart of the major shopping district of Fort St. John. 5.34 acres of Industrial land with a 40 x 50 clear span shop with two 14' • Excellent location right beside Hwy 16 Constructed in approx. 2007 & consists of six triple net tenants each wide x 16' high overhead doors. Metal Clad interior, radiant heat, plumbed in Terrace occupying 1925 to 2396 sq. ft. offering ground level access, paved parking & for 2 pce bath, wired for welder plus compressor. Approx. 3 acres is hard • Nearly $2,000,000 in average annual sales high visibility. At a 6.06% CAP Rate this makes for a sound investment. This pack gravel & pit run. Electric plugs on hitching rail. Underground wiring strata building consists of independently owned strata condo's on the 2nd from shop to detached 12 x 40 offi ce building. 2 large offi ces, 3 pc bath • Approximately $200k in equipment, fl oor & offers a great possibility of applying for strata for each unit. Property & kitchenette facility. 10,000 liter cistern for water & lagoon for sewer. assets and inventory co-listed with Jones Lang LaSalle Real Estate Services Inc. Vancouver, B.C. Offi ce building can be moved if a larger facility is required. • Future economic upside with $3,300,000 - MLS# C8007356 $1,250,000 - C8009240 proposed LNG projects, new hospital and Kathy Miller Mike Ellerington college improvement projects Personal Real Estate Corporation • Local area offers numerous outdoor www.mikeellerington.com www.bugkathymiller.com recreation opportunities; hunting, fi shing, camping & hiking 250-785-5520 250-794-1511 BUSINESS FOR SALE: MLS# C8012329 [email protected] [email protected] RE/MAX Coast Mountains Terrace DARRYL Phone: 250-641-6104 or 250-683-1400 STEPHENS [email protected]

Downtown Core: Commercial building with Fantastic Business opportunity: Very High visibly lot on Highway 2 - Total of 7,249 3905 sq ft on the main fl oor, 3320 sq ft on profi table and well run Dollar Store with More. sq ft with 2,876 sq ft offi ce and 4,373 sq ft shop. the 2nd fl oor and an 1750 sq ft unfi nished Long term lease in place, owner is prepare to 8 offi ces, boardroom, 3 bathrooms. Secure basement. Main fl oor is leased out. Priced @ train new buyer. Priced @ $300,000.00 compound, electric gate, paved parking, and $259,600.00 excellent signage. Priced @ $16.50 P.S.F For Sale or Lease Motel in Dawson Creek: With many long Industrial Shop: 2.25 fenced acres of industrial term tenants in the fully furnished suites and Offi ce Building Located in downtown Dawson land, building size is 3400 square feet with a steady line up of current in town workers. Creek this 7950 sq ft offi ce building has an open 2400 shop and 1000 square ft of offi ce on A loyal cliental streaming into the tanning offi ce concept with secured paved parking lot. main level. Up there is a large living area with business which has newer equipment! Invest Priced @ $895,000.00 or $12.50 P.S.F offi ce/accommodations, kitchen, laundry, and Fantastic opportunity! Situated on 157 acres at Mile 2 of the Alaska Highway this property comes wisely in this turnkey established business. 9676 Sq. ft. Commercial building - on .97 of bath. Shop has 16 foot high door and in fl oor with a 1 yr old 12,800 sq ft truck shop with 4- 100ft drive thru bays, 2,400 sq ft on offi ce and 2 Priced @ $750,000.00 an acre on a high traffi c area of 8th street heating. Priced @ $6000.00 mo sleeping units each with 3 pce baths. Other improvements are 640 sq ft guest house, 2400 sq ft Downtown Hair Salon: 1880 sqft building in Dawson Creek with ready access to all Brand New Shop: On .35 acre this shop has 2 barn, 1863 sq ft animal shelter, a portable offi ce with attached garage. Beautiful building site with for sale with beautiful curb appeal and high regional main highways. 1476 Sq. ft. of offi ce bays 65 feet deep, 560 sq ft offi ce area and a one all the services in. ( previous residence burnt down ) This is truly a one of a kind opportunity to walk in traffi c volume. Business includes hair space, 3800 Sq. ft. of Retail/Warehouse and bedroom suite upstairs. Doors are 14 feet high, run your home based business and build your dream home at the same spot. $1,494,800.00 salon stations and 2 tanning beds as well as storage space and the remaining 4400 Sq. ft. is 400 amp 3 phase power, in fl oor heating, bathroom For Sale TURN KEY AND PRICED TO SELL: Fabulous numerous other equipment. Currently a busy 5 bays of shop area. The shop also includes a with shower in shop. Priced @ $20.00 P.S.F opportunity to take over a turn- key operation hair salon with multiple stations. Seller is wash bay. Priced @ $799,000.00 or $10.00 P.S.F Industrial Shop! With fenced 2.5 acres. The Turn Key Restaurant Business in Dawson that is located in high traffi c location in open to many options. Priced @ $399,000.00 6 MONTHS FREE RENT ON APPROVED main building has a 1,053 sqft offi ce and 3,887 Creek: This is an amazing opportunity to Dawson Creek and the new owner can Building for sale: HIGH traffi c location on LONG TERM LEASE! Industrial Location with sqft warehouse/workshop area. Steel frame purchase an established business currently just take over the existing lease. Includes Alaska Hwy with a 1540 sq ft building on .4 Highway Frontage! 11,700 sq.ft. building. building has a 5 ton bridge crane with a 70’ operating as an Asian style restaurant in a high all chattels, equipment and tenants Acre lot. Existing Business has European 10,000 sq.ft. shop with 4 drive through bays, span, 2 overhead doors (16’ & 18’). There is traffi c area. Included in the price is all kitchen improvements. Priced @ $295,000.00 trained Baker that has many loyal customers and 1,700 sq.ft. offi ce space. Fenced and an additional 2,019 sqft heated shop building equipment and furnishings. Priced @ $59,000.00 Share Sale: This lot is the most desirable Heavy from far & wide. For more information or to secured 1.675 acres is ideal for large trucks, on the property with concrete fl oors and a 16’ Investment opportunity in Chetwynd: 2400 sq ft Industrial Commercial lot in Dawson Creek. This discuss other possibilities call the listing storage and parking. Priced @ $2,100,000.00 overhead door. Priced @ $15.24 P.S.F former liquefi ed gas bulk sales station has had lot has it all, High visibility and accessibility that agent. Priced @ $310,000.00 or $16.00 P.S.F Prime offi ce location: 1456 sq ft offi ce space an enviro assessment, has long term Tenants is second to none. The lot has been stripped Shop and yard in Rolla: This 40x60 shop in one of Dawson Creek fi nest offi ce buildings, currently willing to negotiate with a new owner For Lease and shaled down to the clay base. You would has radiant heat and 2 14x16 roll up doors, on 8 street across from Wal-Mart. Drive thru and is situated on two great lots with perfect be settling if you chose any other lot in Dawson the building is on a cistern for water and is Great Industrial Shop! Situated on 3.236 potential. Priced @ $3,000 mo access and parking. 2 large bays, 2 separate Creek. This lot is also sub dividable and owner connected to the community sewer system. shaled, gravelled and fenced acres. 5,400 SqFt store fronts, A secure compound, and a Great Location - Located on a Main road would be open to the RIGHT build to suit. Call This would make a great welding shop or shop with a 1,300 SqFt offi ce. The shop has four separate storage garage. Priced @ $249,000.00 through Dawson Creek this 1722 sq ft building listing agent now for more info before your rental storage location. Priced @ $199,900.00 16ft overhead doors with two more 16ft doors is situated on 2 lots zoned C-4, a great location competition wins this spot! $1,890,000.00 on the end of the shop. Priced @ $18.00 P.S.F for your business. Priced @ $15.00 P.S.F TOM MORAN CARY REED Personal Real Estate Corporation 250-784-7090 250-719-1040 [email protected] [email protected] DAWSOND CREEK COMMERCIAL EXPERT RE/MAX DAWSON CREEK REALTY B10 | NORTHERN BRITISH COLUMBIA WESTERNINVESTOR.COM | AUGUST 2017 B.C. resource towns: recovery may get political in 2017 FEATURE | Towns that rely on mining and other natural resources are seeing potential success – and struggles – this year

Funds shelved its Kitsault, B.C., By WI STAFF molybdenum-lead project after [email protected] deciding it was uneconomic at low metal prices. hree new mines are now Seabridge Gold’s KSM copper- open in northern B.C., gold asset and AuRico’s Kemess Ta coal recovery may be underground brownfield projects underway near Tumbler Ridge both received environmental per- and work proceeds on natural gas mits, but will likely require sub- and oil pipelines, but B.C. resource stantially higher metal prices to towns still face a challenging year move ahead. ahead, based on the current pol- According to government data, itical climate. B.C. ranked fourth in 2016 with Western Investor has worked roughly 14 per cent of Canadian with the Northern Miner and the exploration spending taking place BC Economic Development As- in the province. Last year, $220 sociation to track the potential million in mineral exploration in- The Brucejack gold mine, 65 kilometres north of Smithers, is due to hit commercial production later this year. and the potholes for B.C. resource vestment took place in B.C. | PRETIUM RESOURCES towns. Northern Miner leveraged the Fording River, Line Creek and underground gold mine, 65 kilo- Ajax copper-gold mine outside Intelligence Mine database to Pipelines Greenhills coal mines in the Elk metres north of Smithers, is due Kamloops remains up in the air as outline trends in B.C. mineral Valley of B.C. and a coal mine at to hit commercial production later the project moves through a joint Another, perhaps bigger, battle is production, development and ex- Cardinal River, Alberta. this year. The project represents provincial-federal environmental brewing between B.C.’s new NDP- ploration. The data is largely con- Conuma Coal Resources, mean- a major win for the B.C. mining review amid staunch environ- Green alliance government and fined to publicly listed companies while, has reopened the Brule industry considering it was ad- mental opposition. gas and oil pipeline proponents. and conventional hard-rock min- mine near Chetwynd and the Wol- vanced from discovery to produc- Kinder Morgan Canada, which ing operations. Information is verine mine near Tumbler Ridge. tion in just over five years. has achieved federal environ- cross-referenced against the BC It is hoping to restart the third Pretium’s success at Brucejack mental approval and raised $1.7 Assessment Report database. The battles mine it acquired from bankrupt has fuelled a rise in exploration billion to help finance its Trans Small-scale and placer operations Walter Energy, Willow Creek near activity in the northwestern Pacific Booker Minerals has been Mountain oil pipeline expansion, are not considered. Chetwynd, this summer. “Golden Triangle” region. mired in court proceedings with said it has made a final investment But Compliance Coal is mount- AuRico Metals remains active at the B.C. Ministry of Environment decision to proceed with the $7.4 Coal ing a lawsuit against the Can- Kemess, while Barkerville Gold over its Morrison Lake copper- billion project, despite the pol- adian Environmental Assessment Mines has been busy in the his- gold mine, while Taseko has been itical climate in B.C. being “not B.C.’s coal industry has suffered Agency (CEAA) and the federal toric gold camps that make up embroiled in a heated battle for ideal.” from low coal prices for both and provincial governments over its Cow Mountain and Cariboo years with regulators and many The pipeline would run from metallurgical and thermal prod- the proposed Raven coal mine assets. from the local population over Edmonton to Burnaby,B.C., and ucts over the past few years. Teck near Courtenay, B.C., which has Imperial Metals is drilling at its its New Prosperity copper-gold provide thousands of construction Resources has announced that not been approved by CEAA. Mount Polley operation, while project near Williams Lake. jobs along its route. it is closing its Coal Mountain Taseko Mines punched a couple Chieftain Metals effectively went The new B.C. government has operations, about 30 kilometres of holes at its flagship Gibraltar bankrupt attempting to develop said it wants to kill the Trans southeast of Sparwood, by the end Metal mines mine, both located close to Wil- its Tulsequah Chief deposit in Mountain project and is appar- of 2017, affecting about 340 jobs. liams Lake. northwestern B.C., while pri- ently not in favour of natural gas Teck operates the Elkview, Pretium Resources’ Brucejack However, the future of KGHM’s vate-equity firm Resource Capital pipelines, either.■

MIXED MULTI FAMILY PORTFOLIO - DAWSON CREEK INDUSTRIAL Del Casa Apartments: • 28,642 sq ft quality building on 5.36 fenced acres, cranes, Excellent Investment Opportunity sprinklered, paved parking. $2,900,000 12 units, 2-Bachelor, 10-1 bedroom, Fully • 21 Acres close to downtown onHwy 16 E. $599,000 Rented, updated apartment, Conveniently • 18,683 sq ft warehouse on .88 acre $839,000 or $5.50 net located near shopping, restaurants, and parks. • 4514 sq ft light industrial/retail, great location $8.50 net Proven Money Maker!! $998,000 Sixplex: Finders, Keepers!! DEVELOPMENT LAND • .42 acre building lot with city services $89,000 Six – 2 bedroom units are highly sought after, 603 Algoma Include 5 appliances, private decks, • 8.15 acre with city services, subdividable $119,000 storage sheds and huge private yard. • 10 acres, 570’ of Hwy 97 South frontage close to city $150,000 Always a waiting list for this one! • 3 acres with Hwy 97 South frontage $115,000 $948,000 • 2 acres on North Nechako Road $29,000 • 119 acre gravel pit with 600,000 m3 of good quality gravel $1,300,000 3-plex: Located 2 blocks from Dawson Creek’s only English/French Immersion School, BUSINESS OPPORTUNITIES/OFFICE/RETAIL these 1800 sq ft, 3 bedroom, 4 bath units • 4,200 sq ft building in the Hwy 16 W retail corridor $850,000 are a family favorite. • 15,000 sq ft former bank downtown $950,000 or $11.00 net $887,000 • 974 - 2080 sq ft premium offi ce downtown $8.00 net Otway Rd Gravel Pit Two Duplexes: Hit the Jackpot!! • 2.89 acre C6 with 19,406 sq ft former auto dealership in city $3,900,000 Tucked away in a quiet cul-de-sac, a stone’s throw • Retail/Offi ce strip, 19,800 sq ft , 12 tenants, 6.7% cap $2,100,000 from a brand new city park and walking distance to Elementary schools and transit, these tenants enjoy • 6000 sq ft of quality accessible downtown offi ce $6.00 net executive lifestyle, a huge backyard, and tons of storage. • 148 acres with 1360 acre woodlot $275,000 These won’t last long!! Can be sold separately • 350 acres withE P 1448END acreING woodlot $325,000 or as a package deal. $693,000 each SSALEAL PENDING HANS JOHANSEN KIRK GABLE Call Wendy at 250-782-8009 250 960-9339 250 981-3535 Dawson Creek or email [email protected] [email protected] [email protected] AUGUST 2017 | WESTERNINVESTOR.COM NORTHERN BRITISH COLUMBIA | ALBERTA | B11

BUSINESS Commercial NorthEast BC FOR FOR FOR SALE Realty Ltd. FOR SALE Land & Building Fort St John, BC SALE SALE Investing Our Fort St John Fort St John, BC Fort St Energy In The North Fast Food Business BC John, BC

Cabaret Night Club Frozen Yogurt 4800sf Shop on 0.66 acre Land 7500sf Building 3985sf 1+/- Acre Industrial Lot In the heart of the City Shop on Asking Price includes 250 785 4115 furnishings, equipment, 1300sf +/- office space w/ 3500sf warehouse 2 acre 10220 101 Avenue 1600sf cold storage building at rear of lot TURNKEY OPERATION Chetwynd BC assumable lease in FSJ Mall, Fort St John BC V1J 2B5 Light www.NEBCRealty.com +/- existing programs, goodwill surrounded by fenced compound area Asking $2.2 Million 7,306 sf

Asking price (assets) includes; Industrial RON RODGERS Move in this summer & have your 2 story Was Asking $348,000 OWNER - MANAGING BROKER LAND, BUILDING, BUSINESS Lot Email: [email protected] business set up before the snow falls! furnishings, equipment, liquor license, goodwill office building Building has 6 offices, shop with Specializing In overhead 14'x14' overhead doors NOW Non-Disclosure - Confidentiality Agreement required Was asking $499,000 COMMERCIAL Asking $865,000 prior to release of detailed information and mezzanine with additional MLS C8013475 ASKING REAL ESTATE “ MLS“C8013087 NOW ASKING office, lunch room and storage $288,000 $489,000 Information is not intended to solicit properties already listed for sale, Please no drop ins...all viewings require Call Ron for appointment to view. Asking $979,000 MLS“C8012020 or buyers already under contract. Information is believed to be MLS“C8013474 accurate but not guaranteed and should be verified. appointment & representing Realtor on site MLS“165556

FOR LEASE HOTEL with RESTAURANT CLASS “A” OFFICE BUILDING – an Icon of City of Vanderhoof, BC Price $1,100,000 (Northern BC) 192 W. Steward Street, Vanderhoof, BC HOT NEW Cash Flow over $275,000+ LISTING Investor Family a good fi t. Many Employment Positions HOTEL, PUB, and RESTAURANT Price $2,300,000 (Near Kamloops) Prince George. BC. Motel 45 rooms + 2 bed Terrace BC Full Service Hotel Profi table with Potential Net Income $300,000+ owners suite. Yearly sales $ 340k, planned high volume sales from: rooms, beer and wine $1,000,000 BDC Mortgage Available expansion to 58 Rooms Attention new motel store & restaurant. Over 5 Acres. One of top Many Employment Positions builders & developers! Price $1.9m hotels in town. 11.5% net cap rate. Price $4.6m 5,035 sq. ft beautifully set up offi ces by former tenant Synergy on 2nd Floor available at $10/sq ft plus CAM $6/sq ft. In addition, 3 BR suite with BC’s #1 SUB SHOP kitchen & full bath for $1,200/mo. Approx. 3,247 Sq. ft storage space in Yearly Sales consistent $550,000+/year basement for $1,500 per month. Rates negotiable based on long term lease. Some Vendor Financing Available Ideal for large corporations and government agencies because Building has lots of upgrade in HAVC, modern elevator and handicapped accessible. [email protected] For more information, please contact Vincent Nguyen: 604 970 2713 A.VITALE (778) 986-1339 or email: [email protected] JOEL KORN of Sutton Group | West Coast Realty

• CONVENIENCE STORE: Sale $1.58 mil ... $880,000 • HOTEL: Room 63, liquor $1.5 mil. restaurant, bar Central BC City International Championship Viking AB Hotel on 3.5 Acres with major highway ...... $7.5 mil. Golf Course, 100 Acres w/Hotel & Resort, plus exposure, business w/28 guest rooms, liquor store, ADVERTISE WHERE • GAS STATION: gas $3.1 mil, In store $1.65mil 100 acres vacant C-2 commercial development VLTs. Conference facility for all events and leased INVESTORS ARE LOOKING land. Open 6 months, profi table. Price $3.6m restaurant. Only hotel in town. Price $1.8m ...... $2.99 mil. • HOTEL: Room 9+Liquor $560k+Bar $210k+VLT $50K+Leased restaurant $30k ...... $990,000 • HOTEL: (Franchise) in Lethbridge. Room 86, leased restaurant, land 1.5 acres ...... $7.4 mil. • STRIP MALL (4 BAY) + CONVENIENCE STORE: Rent Income $47,000, Sale: $800K ...... $990,000 • MOTEL: 38 room, 30 mins from Waterton Park ...... $920,000 • CONVENIENCE STORE: Calgary...... $1.25 mil. Brandon. MB Motel 87 Units w/restaurant. AB Hotel 45 Rooms, leased restaurant. 2 acre 604.669.8500 Thomas Koh (CIR) 2 acres land. Room rev $1.3m + $30k leased land. Town in booming natural gas region. 100% TOLL FREE 1.800.661.6988 65% fi nancing. At core city, pending franchise. renovated in and out, ready to shift to fl agship WESTERNINVESTOR.COM 403-680-9827 Revenues keep growing yr. by years. Price $4.5m operation. Good fi nancing available. Price $4.5m [email protected] PPamam GGillill 780-455-4088 www.apartmentsinedmonton.com

Sutton Central Commercial twitter@pamgill9 [email protected] An independent member broker

EDMONTON 6 units – Downtown ...... $760,000 Central AB Motel Restaurant w/long term Northern AB First time on Market Yearly $200k 7 units (residential/commercial mix) downtown $818,000 lease, 34 Room w/managers suite. Annual room sound rental income plus 30 room motel $500k ...... sales $400k-600k, clients from travelers, coal to $700K w/low overhead. Option w/owners to 14 units – East ...... $1,750,000 mine. Recently renovated. Price $1.5m run truck stop / Gas station. Price $3.5M 15 units – Downtown ...... $1,935,000 15 units – Downtown ...... $1,875,000 17 units – Westwood ...... $2,210,000 23 units – Downtown ...... $2,640,000 Downtown – commercial offi ce/ retail building ... $2,600,000

Pouce Coupe: GP. Alberta 60+ rooms, needs minor repairs. Grande Prairie AB Motel 2 bed managers & 100 Motel runs w/absentee owners since 2007 costs rooms, sales/ Yr.$2m at high season. 2 Acres No 6000 sq ft +/- well designed 5 year old was $4m+. Restaurant triple net lease $60,000. restaurant only rooms. Centre of city. metal clad building with 1 acre fenced yard. Coin laundry. Price $2.6m Quick sale FIRM Price $3.5m 3400 sq ft +/- of shop with 3 (14’) high doors plus 2400 sq ft +/- of offi ce Contact: John, C Nam 5 bathrooms, loads of 3 phase power Direct: (604) 805-9131 PPouceouce CoupeCoupe - OnlyOnly 3.23.2 milesmiles Entrance off Hwy 2 – great sign visibility Email: [email protected] ffromrom DDawsonawson CCreekreek AirportAirport CALL TO VIEW: Much lower property taxes then Coldwell Banker Westburn Burnaby, BC Canada Dawson Creek Maude, MacKay & Co. Ltd ANDREW MARKUS $13.50 per sq ft + NNN 604.802.4753 WESTBURN REALTY [email protected] MLS 167355 B12 | ALBERTA WESTERNINVESTOR.COM | AUGUST 2017 Edmonton endorses unique industrial funding plan FEATURE | City takes step to make industrial sites more competitive with incentive that more quickly covers the upfront costs of first-in developers

It will judge whether Edmonton’s By FRANK O’BRIEN share of industrial development [email protected] in the region increases, whether the amount of industrial land he City of Edmonton has serviced increases and whether endorsed a unique funding there is a reduction in compliance Tformula for industrial de- issues, such as cancelled projects velopment that will more quickly or litigation. reimburse infrastructure costs Finally, he said, city staff will borne by the first developer into also measure the length of time a new site. it takes for a developer to recover “The city has been underper- upfront expenditures. forming in the industrial sector Several developers endorsed the for the last numbers of years,” said new approach and thanked city Steve Jensen, the city’s develop- staff for their work. ment engineer. The new funding approach is expected to spur development in Council was told that Edmonton The 11,800-acre Edmonton Energy and Technology Park in northeast Edmonton is among city sites that could Edmonton industrial parks, be- is facing strong competition from attract new and larger developers under a proposed new industrial funding strategy. | CITY OF EDMONTON surrounding municipalities, yet cause development outside the city boundaries currently looks its industrial real estate sector Jensen said the funding plan according to an educational generates $35 million annually in The city has been more appealing, developers said. will give developers predictabil- video that accompanied Jensen’s underperforming in the city revenue and employs more ity without the city committing presentation. than 110,000 people. upfront costs. The new approach still needs industrial sector for the Market report City staff have worked with As explained, the first indus- council approval, but council’s last numbers of years. the Urban Development Institute trial developer who “unlocks” a executive committee has ap- This is reflected in recent reports (UDI), Edmonton and NAIOP Ed- new site will still be responsible proved the plan. STEVE JENSEN, on the overall industrial market in monton, which represents com- for building the main roadways, Jensen said there is some risk to DEVELOPMENT ENGINEER, CITY the capital region. mercial and industrial developers, sewer lines, lighting and other the city, but in tracking 20 years OF EDMONTON While Edmonton experienced on the program over the past 18 infrastructure for a larger area of Edmonton industrial develop- negative absorption of 359,869 months. than what the developer immedi- ment, he said that staff had de- square feet in the first quarter, A key issue for developers is ately requires. termined the risk was minimal. surrounding markets experienced payback for “oversized infra- But rather than waiting for the He added that the new plan also positive absorption of a 203,191 structure,” according to Anand next developer to begin work on ends the city requirement to bor- square feet of industrial space, ac- Pye, executive director of NAIOP the site to begin reimbursing the row funds to cover the upfront cording to Colliers International. Edmonton. “Developers in indus- first developer, the initial de- costs of unlocking a new indus- Leduc-Nisku,for instance, trial often end up having to wait ” veloper will be reimbursed with trial acreage. posted a Q1 vacancy rate of 17.6 decades before recovering their city tax dollars, Jensen explained. The program, he told Western The city currently has two fully per cent, but Colliers notes that costs,” Pye told council. Since owners of developed land Investor, is available on both city serviced industrial sites for sale, “companies are locating in Leduc/ Kelly Pawlik, vice-president of pay higher property taxes than owned and privately owned in- one at $750,000 per acre, the other Nisku for the affordable operating leasing at ONE Properties, speak- those with undeveloped land, the dustrial land. at $925,000 per acre. costs compared to Edmonton.” ing on behalf of UDI, also voiced city will use half of the increase to “The vast majority of industrial When asked how the city would Still, Edmonton had a Q1 indus- full support for the funding for- pay back the initial developer’s development in Edmonton is done judge if the new funding formula trial vacancy rate of 7.2 per cent, mula. “It promotes development extra costs. The other half will by private developers and land- is successful, Jensen said its ef- while surrounding markets had with little risk to the city,” he said. go into the city’s general revenue, owners,” he added. fect will be monitored annually. a vacancy rate of 11.1 per cent.■

FFOROR SSALEALE - SSpencerpencer CCreekreek RRanchanch

935 acres nestled close to the Rocky Mountains 1 hour west of Calgary. Fronting onto the Bow River, one of western Canada’s best trout fi shing Rivers. Fabulous views, small lake with 100’s of nesting birds & a stopover for migration. For pictures MLS #C4124231 $10M

GGordonordon LLackeyackey RReMaxeMax RealReal EstateEstate ((MountainMountain View)View) 11-888-932-5419-888-932-5419 oorr [email protected]@telus.net AUGUST 2017 | WESTERNINVESTOR.COM ALBERTA | B13

WAINWRIGHT, ALBERTA Commercial WWANTED!ANTED! condo units EEDMONTONDMONTON AAPARTMENTSPARTMENTS FFOROR SSALEALE For Sale or 6 uunitsnits OOliverliver Lease 26 units Strathcona SSOLDOLD 1046 - 14th Ave., Wainwright AB 49 units Saskatchewan Drive $1,250,000 High volume convenience store & gas station located • Approx 3000 sq ft Commercial Condo Unit with Raw land in Warner Business Park D along busy Hwy 14. This station is under contract to fenced compound SSOLDOL • 4.02 Acres of fenced raw land Parkland Industries for a remaining 4 years Fully paved • Excellent location in Aldersyde – intersection of Contact my team at level site with lots of revenue opportunity. MLS® 58965 • Excellent location off Hwy 2 – easy access to Hwy 2 and Hwy 7 Chad Lawson • New steel frame building, almost full Calgary, Okotoks, High River EEmail:mail: [email protected]@gmail.com 780-842-8111 • Store front door, and 16’ overhead door at rear • Commercial truck accessible Sasha Uhryny MBA Real Estate BAUGHAN REALTY RRTEC Holdings Inc 403.969.0106 AAlliancelliance RealtyRealty Inc.Inc. 780-842-3855 (off)

www.cwedm.com 780-420-1177 1-877-429-9373 SHERWOOD PARK SHOPPING PLAZA RECEIVERSHIP SALE MULTI FAMILY OPPORTUNITIES • 2.13 acres, Cold Lake; R4 zoned for up to 82 units multi-family, behind Tri-City Mall; $975,000 • 23,222 sq ft Cold Lake; R3 zoned for up to 8 units multi-family, behind new Elementary School; $328,000 • Oliver Development Land; 15,813 sf, zoned DC2 for 10 storeys; Brewery District; $2.5 million • 65,000 sq ft newly built plaza on 5.34 acres • 19,562 sq ft on 5.02 acres • 21 units, ten 2-bdrms, two 3-bdrms on 2.99 acres in • 75% leased with fully occupied projected income of • 2 separately titled lots Tofield; 6.3 cap $1,990,000 • Sale Price: $5,900,000 • Diversified tenant mix with 10+ year leases • Numerous parcels of residential and commercial • 8 individually titled buildings may be sold separately EXCEPTIONAL RESIDENTIAL LAND development land available in County of Leduc NISKU INVESTMENT OPPORTUNITY DEVELOPMENT OPPORTUNITY • 33,454 sq ft commercial/retail site along highway in • ±69 acres Westlock; zoned highway commercial • Leased to Triple A International Covenant • Adopted area structure plan • 58,000 sq ft on 3.53 acres [email protected] • Strategically located between Sherwood Park and the • ±7% cap rate on 2007 built facility [email protected] future town centre of Bremner [email protected] INVESTMENT OPPORTUNITIES [email protected] TRADER RIDGE, GRANDE PRAIRIE FOR SALE / LEASE / BUILD TO SUIT • Retail Building: $575,000; 11804-45 Street, HIGHWAY EXPOSURE LANDS Edmonton; ±5,955 sq ft; Development Permit in place • Grocery anchored retail land • Anthony Henday & Ray Gibbons Drive, Edmonton to allow for construction of 3 apartment suites on the • Auto Mall/Retail/Industrial development 2nd floor • 2 - 13.76 acres • +/-142 acres on NW corner of 100 Street & 132 Avenue • Commercial Zoning • Lloydminster Truck Wash: Fully automatic state of • Sale Price: $525,000 per acre [email protected] the art facility; 15,000 sq ft on 8.1 acres [email protected] [email protected] Adel.Hanafi@cwedm.com 30.55 ACRES - BEAUMONT, AB CY BECKER DEVELOPMENT LAND DELTON CENTRE PLAZA • Part of Beau Val / Lakes South ASP • 20 acres of approved subdivison lands • Great value add property; 35,000+ sq ft • Zoning outlines - Mixed Use and Residential • Residential mixed dwelling zone including single • Fully leased with diverse tenant mix of national, • 5th fastest growing community in Canada (5% annual) family, row house, duplex and low rise apartment regional and medical mix • Sale Price: $5,000,000 • Sale Price: $6,500,000 ($325,000/acre) • Sale Price: $11.6 Million Seif [email protected] [email protected] [email protected] [email protected] [email protected] EXCELLENT FRANCHISE OPPORTUNITIES 141 ACRES - SPRUCE GROVE 5.71 ACRES OF PRIME DEVELOPMENT LAND Interested in owning a restaurant? These and many • Located in mature area of Fort Saskatchewan, Alberta more are available: • Highway Commercial - ASP in place • Zoned UR (Urban Reserve) • DC Zoning (Mixed Use - Residential/Commercial) • Second Cup - Riverbend Square: $230,000 • Sale Price: $13,200,000 ($93,617/acre) • Easy access to major arterial roadways • Second Cup - Spruce Grove: $99,000 FREE STANDING MULTI-TENANTED BUILDING • Fully serviced • Boston Pizza - Vermilion: $2.3 Million • Community has shown steady growth with a • Completely refurbished 2 storey 15,000 sq ft building • Famoso Pizzeria - NW Edmonton: $499,000 population increase of 31% since 2010 (currently • Famosa Pizzeria - Grande Prairie: $200,000 • Ideally situated within the downtown core • Leased until 2019/2020 24,569 - 2016) • Cora Breakfast & Lunch - SW Edmonton: $795,000 • Sale Price: $2,890,000 • PRICE REDUCED: $575,000 per acre • Kim Chi Korean Delight - Kingsway Mall: $239,000 [email protected] [email protected] [email protected] [email protected] [email protected]

REAL ESTATE WEEKLY Real Estate Weekly The Lower Mainland’s trusted source for real estate news and listings

Door-to-door Geo-targeted Widest delivery audiences coverage B14 | ALBERTA | SASKATCHEWAN WESTERNINVESTOR.COM | AUGUST 2017

HOTELHOTEL FORFOR SASALELE BUSINESS AND THE BATTLEFORDS INVESTMENT OPPORTUNITIES

SSALEALE OORR LLEASEEASE Elkayal Real Estate Inc. Mohamed Elkayal, CCIM Broker/Owner Dir: 780-906-5822 Servicing Edmonton & Area Since 1993 2014 Life Member Award - Professional EXCELLENT BUSINESS OPPORTUNITY 7.08 ACRES OF INDUSTRIAL ZONED LAND Holloway Lodging Corporation is offering for sale REALTORS® Association of Edmonton 7,000 sq. ft. commercial building with Highway #16 frontage Completely fenced located adjacent to Territorial Drive in ® In grateful acknowledgement of long & in the City of North Battleford, SK. That is currently operating McMillian Industrial Park North Battleford, excellent location the 99-room Travelodge Slave Lake, located faithful service to the association as a Truck and RV Wash located on 1.45 acres. The building for heavy traffi c access. The steel framed metal cladded approximately 200 km north of Edmonton. The full * COMMERCIAL ACRES - $470,000 has two bays 23 x 110 ft. building has 18,900 sq. ft. with heavy fl oor construction service hotel includes a restaurant, lounge, sauna, 1.4 Acres. Zoning for Commercial Retail. Owner will consider $1,125,000 MLS®593387 Listed: $599,900 MLS® 603647. hot tub, fitness room, 3,500 square feet of meeting trading. For more Information please call. INDUSTRIAL PROPERTY - $2.8 M space and ample parking. * SSALEALE OORR LLEASEEASE Great opportunity for this well maintained building comes with The building is two story concrete block construction 7200 Sq/Ft Has 2 long term Tenant. For more Information and is fully sprinklered. The property encompasses please call. DUPLEX SIDE BY SIDE - $485,000 7.8 acres with 750 feet of street frontage. Within the * Opportunity for small investor for this well maintained property. last five years over $1,000,000 has been invested Run by owner. Comes with 3 bedrooms for each side. Basement in the property, including a new roof and guestroom has 1 bedroom suite. For more information, please call. MINUTE MUFFLER BUSINESS EXCELLENT INVESTMENT OPPORTUNITY upgrades. *COMMERCIAL BUILDING - $260,000 In North Battleford, SK being sold including land, 4 bay Property that is zoned C4 located in a close proximity to Territorial Excellent Opportunity for this well maintained Building. Comes with Drive and Highway #16 and having good access to a street that has While presently closed the hotel is being maintained building, all equipment, stock/inventory, 1994 Oldsmobile long term Tenant, 2 Building with 2679 Sq/Ft, and Over size lot. car, 1997 Ford 150 truck. Excellent opportunity to purchase a the highest daily traffi c count in North Battleford, SK. This property in a fully operational state. The features of the For more information please call. consisting of 5 lots being about 4.39 acres. The main building located well-known franchise that has been in this location for about building would enable repurposing as an educational *ACRES LOT - $99,500 on 2 of these lots has 10,400 sq. ft. of developed offi ce retail area with 30 years. a tenant and about 2880 sq. ft. of heated work shop area. facility, crew housing or alternative accommodation Opportunity knocks for this 2 Lot Acres side by side, one acre each. Can be sold together or separate. Ready to build your $998,000 MLS®590438 Listed: $2,350,000 MLS®592761 uses. dream home. Year around for fi shing. For more information, Lease proposals will be considered. please call. *OFFICE SPACE FOR LEASE Vendor financing may be available to a qualified Three units available, 1120 sq.ft., 1200 sq.ft. & 1420 sq.ft. purchaser. * COMMERCIAL BUILDING $75,000 Contact: Opportunity knocks for this free standing building. Come with living area. Was operating as a bakery/cafe. Owner retired. For John Griffin more information, please call. CONVENIENCE STORE - $175,000 DEVELOPMENT PROPERTY Holloway Lodging Corporation * EXCELLENT BUSINESS OPPORTUNITY SALE/LEASE Excellent and Great Opportunity for this well Established Two parcels of property in the resort village of Meota, Saskatchewan and next to a golf course. 18.5 acres of Building with 10,000 sq. ft. of offi ce space in down town North 902-404-3474 Convenience Store with Steady Clientele. Come with Low and Battleford, SK with an anchor long term tenant in place and with an [email protected] long term Lease. Has Lotto and Phone card. Surrounded by 4 highway commercial and 27.6 acres of commercial/ additional 6,600 sq. ft. available to be occupied. Excellent opportunity Motel, 2 Bar and new Industrial area with no Competition. residential. Located within 20 minutes of the city of North for a business to operate in part of this building and have a tenant in the Battleford, SK reminder of the building that would provide an income. MLS®593674 MLS®593675 Listed: $1,950,000 MLS®593855 INVESTMENTS CURRENT OFFERINGS • A 260 Room Hotel located in a region of dynamic CALGARY AREA economic growth and long term sustainability; the continuous yearly high revenue performances of • Chinese restaurant includes land, this outstanding property speak for itself. Further, it building & equipment is indeed in excellent condition, there are no differed maintenance. The potential up-side going forward is GREAT BUSINESS OPPORTUNITY FOR SALE GAS STATION FOR SALE • 2 commercial buildings, great investment very good, under continued prudent management. For sale 2,560 sq. ft. shop with in-fl oor heat, 2 storage sheds, Business in Edam, Saskatchewan: Esso service station with • 300 acres with river running through, Asking $56,900,000.00 fenced .98 acre lot in the town of Macklin, SK. Included are a restaurant-takeout food and convenience store. Includes 2 all shop tools and equipment, 2000 Mack pressure truck that lots totalling 1.76 acres. Located on highway 26 including all gravel, highway access, potential • A Flagged 89 Room Limited Service Hotel in superb has a working contract. equipment, furniture, supplies and stock. development opportunity condition, featuring a variety of suites in its room Listed: $370,000 MLS®587323 Listed : $635,000 MLS®600808 mix, indoor door swimming pool and waterslide • 31 acres industrial & commercial among many other recreational features, very good Wally Lorenz Dorothy Lehman development land adjacent to Highway 2 operational performances, which should continue Owner/REALTOR® REALTOR® going forward under prudent management; being [email protected] [email protected] • 54 acres residential development land offered at price well below replacement cost. Asking RE/MAX OF THE BATTLEFORDS ready to go – Highway 2 frontage $8,900, 000.00 Each offi ce is independently owned and operated 306-446-8800

• Truck Wash – 3200sq.ft. – 3 bays • A 63 Room Flagged Limited Service Hotel • 30 acres with 1500 sqft home, 32x54 shop, consisting of a very good mix ofrooms; this property 39x82 Quonset, 24x32 shop + more adjacent is relatively new and is in excellent condition with no required up-grades in the near term; its to growing community north of Calgary operational performances deliver superb results and • 279 acres located next to CROSSFIELD– should continue to do so, going forward. Asking $10,000,000.00 possible development possibilities GET INFORMED BEFORE YOU INVEST • 3.26 acres in CARSTAIRS high traffi c • A Commercial Building 100% long-term lease with triple A covenant yielding excellent triple net area, excellent for multi-family or Motel revenue. This a superb opportunity for an investor • Exclusive details on • CARSTAIRS - 35.85 acres development who would like an absolute care-free investment that requires very management; however, yielding very Western Canada’s site includes 2700 sq ft home & outbuildings good return on investment. Asking $3,600,000.00 • 137 acres with #2 highway frontage – Done Deals • A Flagged Limited Service Hotel consisting 128 excellent access Rooms & Suites, of exceptionally good quality • AIRDRIE - Investment property - 5000 sq ft. and featuring plus many amenities to satisfy the • Get the inside industrial building – fully leased varied desires of its guests, located in an excellent location of economic diversity, attested to by its scoop with expanded • 1.67 acres – multi-family site in growing continuous outstanding operational performances, coverage of sold community which should continue going forward. Asking $20,500,000.00 • OLDS – 20 acres development site - properties highway frontage • A Flagged 124 Unit Limited Service Hotel, featuring a wide variety of amenities such as • Industrial buildings for lease – conference/meeting rooms, business center, 12,000 sq.ft. - 40,000 plus sq.ft. fi tness center, indoor swimming pool/hot tub, guest laundry among other features and amenities, For more information on these and other properties superb location, excellent continuous operating performances, a very good potential up-side. Asking CALL DON SACKETT $19,500,000.00 RE/MAX ACA REALTY VINCE BOYLES 1018 Hammond Ave, Crossfield, AB T0M 0S0 Fax 403-946-5035 403-237-5584 • 1-888-482-5583 (403) 946-5657 ACA Realty EMAIL: [email protected] [email protected] MONTCALM PROPERTIES LTD. www.donsackett.com www. montcalmpl.com WESTERNINVESTOR.COM AUGUST 2017 | WESTERNINVESTOR.COM SASKATCHEWAN | B15

Sask. & Man. | WHAT’S HAPPENING Regina office policy may have failed downtown, commercial expert says Canada. Canadian Tire took Grant Park over 86,000 square feet of that Bullish on space last year. proves a winner Fionn MacCool’s Restaurant Saskatoon and Pub has opened 4,500 Blair Sinclair isn’t listening to square feet of the last remain- all of the bearish bluster about ing pad on the property be- Saskatoon’s downtown office side a new Cambrian Credit vacancy numbers. Union, which christened its The executive vice-president 6,000-square-foot space last of investments and develop- fall. ment at Triovest in Calgary is Grant Park, which has more going full speed ahead with Amanda Campbell has the kind than 403,000 square feet of the first phase of a project that of problems that most real retail space, is just a couple of will transform Saskatoon’s estate professionals can only miles away from CF Polo Park, skyline. dream of. the province’s biggest mall at Work has already begun on The property manager at triple the size. a 20-storey condominium Primaris Management, which tower and a 155-room Alt Ho- Regina policy has kept office buildings downtown but failed to spark street runs Grant Park Shopping tel, which are slated to open life. | SUBMITTED Centre in south Winnipeg, is in 2019. Construction of a KingSett snaps five-year-old Regina develop- “I certainly don’t see it,” he said. preparing to welcome a trio 13-storey office tower is set to ment policy that restricts “Drive around Regina’s city cen- of new tenants that will push begin this summer. up defaults larger office buildings to the tre and you’ll see what I mean. [It] capacity up to 100 per cent. Numerous reports have A city’s core has failed to ignite a down- might have one block that could be “We pride ourselves on be- pegged the city’s downtown town revival, according to a leading considered a retail zone for smaller ing a neighbourhood mall but office vacancy rate at 16 per commercial realtor. merchants whereas Saskatoon has with our new offerings we’re cent, but Sinclair said when Barry Stuart of Stuart Commercial at least six that form the heartbeat definitely starting to resemble you dig down into the numbers Inc. in Saskatoon, who moderated the of the city.” [a regional mall],” she said. it’s just 6 per cent on Class A office panel at April’s Saskatchewan Within Regina’s office market, 82 Discount retailer Winners is product, which he said does Real Estate Forum, said only one of per cent is downtown and 18 per cent the highest-profile tenant to not constitute a glut of office five office panellists spoke in favour is suburban. In Saskatoon, only 68 sign on. Its 22,000-square- space. of Regina’s office policy. per cent of the total office space is foot location will open on “That equates to 60,000 The policy, implemented in July downtown, “and yet Saskatoon’s core August 15 in space that used square feet and none of it is is far more vibrant than Regina’s,” to be taken up by a number Toronto-based KingSett Mort- contiguous,” he said. 2012, does not permit major of- of smaller retailers that have gage Corp. is buying at least Much of the city’s Class A fice projects of more than 43,000 he said. either relocated within the five of 15 properties owned market is 40 years old at least. square feet of floor space outside Stuart recommends that Regina mall or closed. by a Saskatchewan landlord Today’s tenants are looking of the core area, except in limited “stop the nonsense about limiting Campbell said she’s “very group that has filed for credit for high-quality space with circumstances. where offices can be built” and con- excited” that Winners’ arrival protection. industry-leading heating and Stuart, who stressed that he was centrate instead on incentives for was finally announced. In all, the group owns nearly ventilation systems and an ef- speaking as an individual, not as a grocery stores and other retail to help “Over the last six months, 1,300 apartments in Regina ficient floor plate, he noted. company representative, said Regina’s “attract high-density, multi-family I’ve been getting one to two and Saskatoon. The sale of the “For today’s office user, the primary goal was to create a more vi- development” into the downtown phone calls a day asking about properties is being handled by design is exponentially differ- brant downtown in the capital city. core. ■ Winners,” she said. PriceWaterhouseCoopers Inc. ent from what they’re used to A 34,000-square-foot Good The group has been buying in the past. These older build- 300,000 square feet of space – will the tallest building in the province. Life Fitness centre will open rental property in Saskatch- ings can’t meet those stan- be put in motion once sufficient pre- “We think it’s the right size for the up this summer, filling up ewan since 2010, eventually dards,” he said. leasing levels have been met, Sinclair market at the right time,” Sinclair what remains of the space that owning 7 per cent of Saska- Plans for a second office said. said. ■ used to be occupied by Target toon’s apartment inventory. building – 22 storeys with Should it go ahead, it would become – Geoff Kirbyson

40 40 ACRES ACRES 40 ACRES Inland Drive DEVELOPMENT LAND FOR SALE INVESTMENT PROPERTIES FOR SALE DEVELOPMENT LAND FOR SALE/LEASE WAREHOUSE AND LAND FOR SALE Highway #21, Kindersley SK 1103 & 1105 Central Avenue, Prince Albert SK RM Sherwood Park, Regina SK 1000 Fleury Street, Regina SK Two adjacent parcels totalling more than ±200 Acres. Two adjacent properties in downtown Prince Albert; These parcels are located less than 1 km This 42,060 SF building on 2.34 Acres of land is Parcel #1 is zoned Highway Commercial/Industrial one is a one-storey building, the other is the historic from Highway #6 and Regina city limits and 2 km located in Tuxedo Park and situated close to and Parcel #2 is zoned Future Urban Development. McDonald building. Combined NOI is $71,820.25/yr. from Highway #11. ±2.47 to ±120 Acres available. Ring Road and Park Street. Sale Price: $540,000 Sale Price: $800,000 Sale Price: ±$215,000/Acre; Lease Rate: Market Sale Price: $3,499,900 Contact Eugene Hritzuk for details. Contact Josh Walchuk or Shawn Tomyn for details. Contact Jayson Elenko or Mike Barber for details. &RQWDFW%ULDQ%XWWHUÀHOGIRUGHWDLOV

WAREHOUSE FOR SALE MARQUIS INDUSTRIAL FOR SALE UPTOWN REGINA FOR SALE/LEASE LAND WITH TWO BUILDINGS FOR SALE 117 Wakooma Street, Saskatoon SK 3440 Idylwyld Drive North, Saskatoon SK 1362 Lorne Street, Regina SK 1037 Kearns Crescent, Regina SK This ±16,000 SF building sits on 1.24 Acres and This ±6,226 SF building sits on ±1.12 Acres of 6)EXLOGLQJZLWKVKRSDUHDRQPDLQÁRRUDQG 3.25 Acres with fully-fenced compound and two features two dock doors, one grade door, partial KLJKZD\IURQWDJHODQG,WIHDWXUHVDEXLOWRXWRIÀFH QLFHO\ÀQLVKHGRIÀFHVRQVHFRQGÁRRU)HDWXUHVWZR industrial buildings. Larger structure boasts 24 FT ceiling height over 30 FT and 600Amp power. two overhead doors and secure compound. RYHUKHDGGRRUVERDUGURRPDQGVHYHUDOSULYDWHRIÀFHV FOHDUFHLOLQJRYHUKHDGGRRUVDQGLQÁRRUKHDW Sale Price: $1,595,000 Sale Price: $1,550,000 Sale Price: $1,448,000; Lease Rate: $10.00 PSF Sale Price: $3,950,000 Contact Todd Butler or Graham Robertson for details. Contact Shawn Tomyn for details. Contact Mike Barber for details. Contact Walker Moulding for details. ICR Commercial Real Estate Saskatoon Downtown: 306.664.6116 Saskatoon North: 306.933.2929 Saskatchewan’s Largest Independent Regina: 306.721.6116 Commercial Real Estate Company SALES | LEASING | PROPERTY MANAGEMENT www.icrcommercial.com B16 | SASKATCHEWAN | MANITOBA WESTERNINVESTOR.COM | AUGUST 2017

FOR SALE or LEASE DEVELOPMENT CRYSTAL LAKE, Weyburn, SK. OPPORTUNITY SASKATCHEWAN OON 121.95 acres SSASKATOONASKAT White City, SK. FOR SALE ENTS WATERFRONT DEVELOPMENT AAPARTMENTSPARTM PROPERTY 6 plus acres Preliminary approval for Located on Queen Street, 1 km south off Highway #39. Fully graveled, 10 minutes from Regina.This development opportunity is located just 8 waterfront lots & 9 back lots D! fenced & heavily compacted yard. Multiple doors including rail spur south of Highway #1 on Highway #48 in the RM of Edenwold. This is an ideal WWANTED!ANTE dock. Office space and warehouse totaling 31,330 sf. on 3.58 acre site. location close to White City for development of an industrial park or potential Asking $1,800,000 Lease rate: $8.00 sf semi-gross. Sale price: $2,150,000.00. residential community. Sale price of $950,000.000 Call DEL PETERS REALTY Sandra Jeffrey Avison Young Commercial Real Estate (Sask) Inc. Avison Young Commercial Real Estate (Sask) Inc. Jeff Sackville | 306.559.9008 Joe Trudelle | 306.559.9007 Lighthouse 306.934.3151 [email protected] [email protected] 604 309 9743 ❖ [email protected] Realty www.delpetersrealty.com

DŽƚĞůŝŶ^ǁŝŌƵƌƌĞŶƚŝƐĨŽƌƐĂůĞ BRANDON, MANITOBA Well known to all residents and scores of travellers through GOLF COURSE: 9 HOLE GOLF COURSE, WITH 20 SITE RV. PARK. NEW 3200 SQ.FT. ƚŚĞLJĞĂƌƐ͘^ŝƚƵĂƚĞĚŽŶϰ͘ϬϱĂĐƌĞƐ͕ƚŚŝƐŝĚĞĂůůŽĐĂƟŽŶŝƐĂǀĞƌLJ CLUB HOUSE . PRICED TO SELL QUICKLY $675,000. ƉƌŽĮƚĂďůĞ ďƵƐŝŶĞƐƐ ĂŶĚ ŚĂƐ ďĞĞŶ ŝŶ ŽƉĞƌĂƟŽŶ ƐŝŶĐĞ ϭϵϱϰ͘ Alongside the motel is a 11.8 acres of prime highway commer- GROCERY STORE: 1.2 MILLION IN SALES, PRICE TO INCLUDE LAND, BUILDING, ĐŝĂůůĂŶĚĂǀĂŝůďůĞĨŽƌƐĂůĞ͘ƚŚĞ<ͲDŽƚĞůŝƐ$2.2MĨŽƌƚŚĞĞŶƟƌĞ EQUIPMENT, NAME MUST BE CHANGED, PRICE $399,000. PLUS INVENTORY. 15.85 acres. The 4.05 acers motel parcel is $1.2M CARWASH AND C-STORE : SALES OF A MILLION PLUS, SAME OWNER FOR MORE $2.2M 29 rooms 40 capacity lounge room 105 capacity dining room 55 capacity family room THEN 30 YEARS, WISHING TO RETIRE, SO PRICED RIGHT AT $585,000.00 PLUS AP- PROX. $15,000. IN INVENTORY. ,ŝƐƚŽƌŝĐůŬŚŽƌŶ,ŽƚĞůŝŶDŽƌƐĞĨŽƌƐĂůĞ MOTEL: 24 ROOMS WITH LARGE HOME AS LIVING QUARTERS, LOCATED IN dŚŝƐŶĞǁůLJƌĞŶŽǀĂƚĞĚŚŽƚĞůŝƐũƵƐƚϯϬŵŝŶƵƚĞƐĞĂƐƚŽĨ^ǁŝŌ ƵƌƌĞŶƚ͘ĂƌƐĞĂƚƐϭϬϬƉĞŽƉůĞ͕ĂƉŽŽůƚĂďůĞĂŶĚƌĂŝƐĞĚƐƚĂŐĞ VERY PROGRESSIVE COMMUNITY. PRICE $859,000.00 FIRM. area. This is a Very popular place!&ĂŶƚĂƐƟĐĨŽŽĚĂŶĚƚĂŬĞŽƵƚ RESTAURANTS: BIG AND SMALL, CANADIAN / ASIAN AND SEASONAL, ALL MAKING MONEY. ďƵƐŝŶĞƐƐ͘ĂŶƋƵĞƚĐĂŶƐĞĂƚƵƉƚŽϴϬƉĞŽƉůĞĂŶĚŚĂƐĂƐƚĂŐĞŝŶ I have several motels for sale with owners anxious to sell, priced from $400,000 to 5 million ƚŚĞ ďĂĐŬ LJĂƌĚ ĨŽƌ ŽƵƚĚŽŽƌ ĞŶƚĞƌƚĂŝŶŵĞŶƚ͘ /ƚ ŝŶĐůƵĚĞƐ͗ New carpet New stove & hood Fan $220,000 Wood trips on the wall Recently purchased Pizza oven Century-21 Westman.com : 306.741.3193 Brandon, MB Direct Line:204-729-5074 Email: [email protected] ŽĨ^ǁŝŌƵƌƌĞŶƚ ŽŶƚĂĐƚďďŝĞ,ŽƵƐƚŽŶ INVESTMENT OPPORTUNITIES LOOKING FOR SELLERS FILLER - Brand new duplexes and multifamily/commercial. - We have all kinds of Commercial Buyers - CASH/QUICK CLOSING - Infi ll locations and new subdivisions. 1-R-D LAND FOR SALE (Regina & Surrounding) ADVERTISE WHERE - Commercial/Industrial properties with long term Tenants. 1.00INVESTORS x 2.522 ARE LOOKING - Land development. - MAC ZONING - INDUSTRIAL 1 BLOCK

OPEN IN 2016 nancing available VTB fi

Rosetown, SK Shell Gas Station Restaurant/Bar/Motel - Recently renovated - High traffi c location For Sale For Sale 12 Unit Apartment 604.669.8500 - Call for price - Can be purchased with bar/restaurant TOLL FREE 1.800.661.6988 - High traffi c Regina WESTERNINVESTOR.COM - 42 rooms + manager suite next door - Well established, strong sales - Unique Financing opportunity - Near pipeline construction work - Call for details; serious buyers only - Can be purchased with gas station next door - Own this property - Bar/restaurant/offsale/VLT Regina - Moose Jaw Area Regina - Moose Jaw Area with 10% down

Drastically reduced NEW RETAIL - FOR LEASE • Addition to 700 Victoria Avenue Strip Mall • 4,370 sf demisable space still available Motivated seller • 1,500 sf of new space leased Davidson SK • AM side of street, 27000 vehicle count per day 12 Unit Apartment 1355 Albert Street Main Street Apartment • Opportunity to relocate for expansion For Sale Jubilee Motor Inn Regina Moose Jaw - Call for price - Busy 24 room motel - Investment Opportunity - 24 units VIC EAST SPACE FOR LEASE - Shows well - Nearby pipeline/construction - New HVAC - Numerous upgrades & renovations • Approximate 850 sf end space - Excellent tenants - Low vacancy - Call for details - High traffi c/prime location • 2 rooms + front open space • Excellent space for professional services • Going home side of Vic Ave. • $18/psf NNN $5 psf Net Charges Light Industrial - West Bypass • Emerging industrial zoned area For Sale - Warehouse north of TransCanada in the RM of Sherwood 10 AC Land • Proposed multi-tenanted light industrial building[s] Mixed use building - For sale - 18,000 building constructed in 2004 Church For Sale +/- 120,000 sf - Commercial on main; - Situated near #1 TransCanada Hwy, 8 Plex For Sale • Shallow bay [+/-125’], high clear height [28-32’] & - 7 two bedrooms + 1 one bedroom Chamberlain, SK wide span [+/- 50’] residential on 2nd near Wolseley SK. - $819,900 - Church + 3 adjacent lots • Multi bay +/- 15,000 sf size increments - Approx. $79,000 - Steel structure • 0.8km West bypass frontage 1km north of - New roof, windows - Loads of potential annual gross income - Wide variety of purposes Trans Canada/South bypass Interchange - Fully rented - Close to Downtown for this building - Call for more details • Ease of access for truck/semitrailer fl ow to major access routes • Ideal location for showroom, warehouse, John Chung, CCIM Aideen Zareh e-commerce distribution space 306.501.5333 306.591.6915 V.(Bill) Kutsogiannis BROKER, CCIM [email protected] [email protected] www.commercialregina.ca (306) 591-2248 www.janusrealty.ca RESULTS DRIVEN 604 684 8844

COMMERCIAL REAL ESTATE SERVICES www.kleingroup.com

MOBILE HOME PARK FOR SALE MOBILE HOME PARK FOR SALE | FORT ST JOHN BC ROCK CREEK BC

• 3.19 Acres, Low Vacancy • 15 Pads, Dual Road Access • 9.1% Cap Rate, Close to Town Centre • $549,000

MOBILE HOME PARK FOR SALE CLEARWATER BC • 34.5 Acres • 70 Mobile Home & 14 RV Pads • Expansion Potential and Low Vacancy • Close to Downtown Fort St. John, Great Highway Access • Owners Currently Operate Park from Vancouver • On Track to Gross over $370,000 this Year • 6.85 Acres, Low Vacancy • 14 Pads plus 2 Residential Buildings • City Water, 12% Potential Cap $3,750,000 • $550,000

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

• 120 Pads, 14% Potential Cap • Close to Town Centre JUST LISTED COMING SOON • Town Services • Principles Only • Approx. 72 Pads, Low Vacancy • Close to Town Centre, Town Services • Principals Only, Buyers Fee Required $2,400,000 • Approx. $2,600,000

MOBILE HOME PARK FOR SALE MOBILE HOME PARK | NORTHERN BC BURNS LAKE BC

• 70+ MHP and 25+ RV Rental Lots • Northern BC / Port Community SOLD REDUCED • High Demand (Avg. $550 / Pad) • Projected 40+% Return, Won’t Last! • Corp. Housing Contracts Pending • 39.43 Acres, 58 Pads • Close to Town Centre • Phase 1 Expansion Complete $3,850,000 • $1,249,000

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

Royal LePage Sussex Klein Group | 204 - 345 Robson Street, Library Square | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 1 866 352 9311 | TF 1 855 684 8844 | www.kleingroup.com 2017 EDITORIAL LINE-UP

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REGIONAL NEWS, MARKET UPDATES, TOP COMMERCIAL SALES

JANUARY MAY SEPTEMBER Deadline: December 5 Deadline: April 10 Deadline: August 14 Commercial real estate outlook 2017 Hotel & motel market Selling/buying a business Industrial strata Modular housing parks Alternative financing Retail leasing strategies Golf course investing Mortgage brokers Close up: Winnipeg & Brandon Close up: Calgary & South Alberta Close up: Saskatoon • Franchises • Franchises • Franchises • Recreation real estate • Recreation real estate • Recreation real estate • Numbers • Numbers • Numbers • Done deals • Done deals • Done deals

FEBRUARY JUNE OCTOBER Deadline: January 9 Deadline: May 8 Deadline: September 11 First Nations Inc. Syndicate investing Flipping real estate Retirement REITS U.S. commercial real estate U.S. border states Office churn Industrial real estate Property management Close up: Saanich & Victoria Close up: Fort McMurray (1 year since the fire) Close up: New Westminster • Franchises • Franchises • Franchises • Recreation real estate • Recreation real estate • Recreation real estate • Numbers • Numbers • Numbers • Done deals • Done deals • Done deals

MARCH JULY NOVEMBER Deadline: February 6 Deadline: June 12 Deadline: October 10 Multi-family report Financing retail plays 5 top towns for investors Landlord mortgages Rise of the mega-malls Ski resorts Self storage investments Distribution warehouses Transit & real estate Close Up: South Surrey-White Rock Close up: Regina Close up: Whistler & Squamish • Franchises • Franchises • Franchises • Recreation real estate • Recreation real estate • Recreation real estate • Numbers • Numbers • Numbers • Done deals • Done deals • Done deals

APRIL AUGUST DECEMBER Deadline: March 13 Deadline: July 10 Deadline: November 6 Annual Land report Annual recreation report Residential investment outlook 2018 Urban land banking Trophy waterfront for sale Office: lease or buy Farmland investing Resource town revival Civic incentives Close up: Edmonton Close up: Prince George Close up: Vancouver CRE • Franchises • Franchises • Franchises • Recreation real estate • Recreation real estate • Recreation real estate • Numbers (First Quarter Report) • Numbers • Numbers • Done deals • Done deals • Done deals

604-669-8500 | Toll Free : 1-800-661-6988 Fax: 604-669-2154 | [email protected] | www.westerninvestor.com