COMMERCIAL REAL ESTATE | FRANCHISES | BUSINESS OPPORTUNITIES $4.29 • NOVEMBER 2017 • VOL32/11

OUR ANNUAL PICKS | 14 FIVE TOP TOWNS FOR INVESTORS , Calgary ranked among best places for real estate returns in 2018

WORLD’S TALLEST | 18 PASSIVE TOWER TO TOP RECORD Kevin Cheung, CEO of Landa Global, proposes massive Passive House highrises in CONTENTS Full index 3 MARION HARPER TRESKIN Parq Vancouver opens 10 Residential supply 12 PPARQARQ VVANCOUVERANCOUVER Five top towns 14 Furry Creek sold 16 PPROMISESROMISES 24-724-7 Massive Passive 18 B.C. report 24 DDOWNTOWNOWNTOWN ACTIONACTION Done Deals 26 NNEWEW CCASINOASINO ANDAND TWOTWO HOTELSHOTELS | 1100 PUBLICATIONS MAIL AGREEMENT 40069240 1 1 0 6 0 3 5 8 1 8 2 9 1 9

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

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

FOR SALE: 2 PROPERTIES WITH FOR SALE - EAST VANCOUVER PRIME OCEANFRONT FOR SALE FOR SALE - SINGLE TENANT 7 APARTMENT BUILDINGS BUILDING AND PROPERTY DEVELOPMENT OPPORTUNITY 38.4 - 78.4 ACRES INVESTMENT OPPORTUNITY BAYVIEW CHATEAU - 1371 BLACKWOOD ST 1428 CHARLES STREET, VANCOUVER MARINER’S VILLAGE, SOOKE, BC BURKE MOUNTAIN, 250 WINNIPEG STREET, PENTICTON, BC WHITE ROCK GARDENS - 14989 ROPER AVE WHITE ROCK, BC

• Pad Development Opportunity • Approximately 40,000 sf, two storey building • 8.63 acres of development land approved for • 2 lots: 38.4 and 40 acres • 1.43 acres site with net rentable area of 23,565 sf on 23,262 sf corner site mixed-use development • Beautiful views • A total of 93 suites & approx. 3.4 acres of land • Net Operating Income $564,668 (as of 09/2017) • Located in Strathcona, walking distance to • Views of Sooke Harbour & the Olympic Mountains • Future residential development property • Well maintained and landscaped with over $1.6 m • Long term lease amenities of Venables and Commercial Drive • Serviced, zoned, marina leasehold included or ideal estate lots in renovations in the past 4 years • Listing Price $9,800,000 • Asking $6,300,000 • Asking $3,500,000 per lot • Asking Price $27,700,000 GREG MILES | CHRIS J. NEWTON* BILL RANDALL* | ANNE TANNER* PETER GIBSON* | JON BUCKLEY* DON DUNCAN* | CHRIS DRIVER* MATTHEW MACLEAN* TIM SOMMER* BILL RANDALL* CO-LISTED WITH FORM RETAIL KOLUMBIA GARDEN MULTI-FAMILY FOR SALE: PROMINENT WEST PROSPERITY BUILDING AT INSPIRATION BUILDING AT 3 STOREY RENTAL BUILDING WITH DEVELOPMENT OPPORTUNITY END DEVELOPMENT SITE DOCKSIDE GREEN DOCKSIDE GREEN 39 STRATA TITLED SUITES 17719 58A AVENUE, SURREY 342 WALE ROAD, COLWOOD, BC 1070 & 1042 NELSON STREET, VANCOUVER 388 HARBOUR ROAD, VICTORIA, BC 398 HARBOUR ROAD, VICTORIA, BC

• 19 - One bedroom & 20 - Two bedroom suites • Centrally located in the rapidly growing West • 22 unit & 26 unit strata buildings • Spectacular Turnkey Class “A” Strata • Spectacular Turnkey Class “A” Strata • Net rentable floor area of 32,699 sf Shore community of Colwood • Burrard Corridor - High Density Site • Ground Floor - 4,393 sf • Second Floor - 6,642 sf • Includes 50 secured parking stalls • Site size of 59,374 sf • Potential for total assembly of 25,905 sf site • Second Floor - 1,657 sf • Third Floor - 6,641 sf and 20 surface stalls • Asking Price $2,999,000 • Contact agents for further details • Third Floor - 4,100 sf • Asking Price $6,898,000 BRAD NEWMAN-BENNETT DON DUNCAN* | CHRIS DRIVER* TIM SOMMER* | CHRIS DRIVER* SCOTT MACPHERSON COLLEEN AUSTIN | ANNE TANNER* COLLEEN AUSTIN | ANNE TANNER* KELOWNA AREA FOR SALE: 30 ACRES OF FOR SALE - RARE FREESTANDING RARE 7.5 ACRE FOR SALE: RARE FREESTANDING SHOPPING CENTRE DEVELOPMENT LAND BUILDING IN SOUTH VAN DEVELOPMENT SITE WITH BUILDING IN BURNABY RD WESTBANK SHOPPING CENTRE BEAUMONT LAKES SOUTH, EDMONTON, AB 8695 BARNARD STREET, VANCOUVER 3 READING APPROVAL 4098 MCCONNELL DRIVE, BURNABY

SITE (±30 ACRES)

A B

• GLA: 73,898 sf; Lot Size: 8.6 acres • Beaumont Alberta - Prominent location • ±6,400 sf building in highly visible location • 30 Single Family lots (min. 7,000 sfr per lot) • Mixed office/warehouse in the Winston industrial • Leasehold interest with 74 years left • 30 acres - Commercial & Residential uses • 5 grade level doors and clear span warehouse • Subject site demolished and cleaned corridor of North Burnaby on a prepaid lease • ±165,000 per acre • Large fenced and partially paved/gravelled • RD-1D • 33,140 sf building on 1.54 acres of land • Tenanted by: Landmark Cinemas, Tim Hortons, • Price reduced to $800,000 yard area • Please contact listing agents for pricing • Zoned M5 - light industrial district and TD Bank • 3 phase power; 17’ ceiling heights • Asking Price $11,000,000 PETER GIBSON* HARPREET SINGH* | MICHAEL HARDY* KEVIN MEIKLE*** | EDGAR BUKSEVICS* HARPREET SINGH* BILL HOBBS* | GREG MILES | ERIC RICE BILL RANDALL* JORDAN SENGARA* | RON EMERSON HANDS-FREE INDUSTRIAL INVESTMENT ±3.8 ACRE INDUSTRIAL DEVELOPMENT BRAND NEW STRATA UNITS IN ±16.87 ACRES DEVELOPMENT INVESTMENT OPPORTUNITY WITH UPSIDE OPPORTUNITY FOR SALE PORT KELLS SITE IN CLAYBURN AREA 850 POWELL STREET, VANCOUVER 19473 FRASER WAY, PITT MEADOWS 31401 GILL AVENUE, MISSION 19715 96TH AVENUE, LANGLEY 34992 BATEMAN ROAD, ABBOTSFORD

• Starbucks, Subway, Roots & Fruits • 51,869 sf in 2 units • Excellent and rare opportunity • 9,480 sf - 11,886 sf available • Potential for Single Family lots • Stabilized NOI $127,194 • Excellent parking; New roof; Loading; Yard areas • Busy corridor of Abbotsford • Dock and grade loading • Next to a well developed area • $5,650,000 • Below market rents • Secondary Commercial (OCP); Mill Lake (NCP) • Exposure to 96th Avenue and Telegraph Trail • Zone CR • Sale Price $9,800,000 • Please contact listing agent for pricing • Asking Price $300 psf • Asking Price $3,500,000

ERIC WALKER RICK EASTMAN* HARPREET SINGH* ANDREW GREEN* HARPREET SINGH* FOR SALE FULLY TENANTED METROTOWN DEVELOPMENT RARE FREESTANDING FOR SALE - 168.7 ACRES THE DUNCAN COURTHOUSE INDUSTRIAL PROPERTY OPPORTUNITY FOR SALE INDUSTRIAL INVESTMENT WITH RENTAL INCOME 238 GOVERNMENT STREET, DUNCAN, BC CLOVERDALE INVESTMENT PROPERTY 5105 KINGSWAY, BURNABY 1940 BROADWAY STREET, 2575 ALASKA HIGHWAY, FORT NELSON, BC REDUCED

• Opportunity to purchase a well maintained • 22,500 sf freestanding manufacturing/ • OCP: Metrotown, Marlborough • 5 year lease expiring 2021 provincial government tenanted Courthouse distribution warehouse • Sub Area: High density mixed-use • Great traffic exposure • 11,000 sf building on 168.7 acres and office buildings (includes office, coffee room & a parts room) • Dock and grade loading; Fenced compound • Site Area: 9,532 sf • One block from Coast Meridian Overpass • 10 year leases in place; leasable area is 30,047 sf • Current lease rate is $273,900 net per annum • Strong International Covenant • Multi-tenant building with holding income • Sale Price $2,250,000 • Cap rate 5.27% for the building and 20 acres • Please contact agents for listing price • Reduced Price $7,988,888 • Asking Price $4,900,000 ANNE TANNER* | ADAM FRIZZELL BILL HOBBS* CRAIG HAZIZA** | KYLE WILSON RICK EASTMAN* | KEVIN VOLZ* BILL RANDALL* FOR SALE: PRIME WESTSIDE STATE-OF-THE-ART BRAND NEW STRATA FOR SALE TWO LIQUOR STORES INVESTMENT PROPERTY LABORATORY WAREHOUSE DEVELOPMENT 250 HIGHWAY 97A VERNON/SPALLUMCHEEN, BC FORT ST. JOHN, BC 3496 DUNBAR STREET, VANCOUVER 285 JONES ROAD, LILLOOET, BC 580 NICOLA AVENUE, PORT COQUITLAM

• Corner lot - Dunbar Street & West 19th Avenue • Building ±10,000 sf • Unit sizes from 1,845 sf up to 68,724 sf • Located in Spallumcheen Valley • Highly desirable Westside street • Land ±85 acres • Rear grade loading to each unit • 112 acres • Land, building and business • Walking distance to schools, parks and shops • $1,690,000 • Construction completion approximately • Industrial zoning • NOI $873,629 • $4,980,000 November 2018 • Asking $4,500,000 • Price $7,700,000 • Presale pricing now available • Cap Rate: 11.43% ERIC WALKER | ADAM FRIZZELL BOE IRAVANI* ERIC WALKER KEVIN VOLZ* | ANDREW GREEN* BILL RANDALL* | ERIC RICE 604 683 3111 / cushmanwakefield.com *Personal Real Estate Corporation / **Craig Haziza is licensed with CAH Realty Inc. and has a contractual relationship with Cushman & Wakefield Ltd. ***Kevin Meikle is licensed with K.H.M. Realty Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. / ****Sean Ungemach is licensed with SBU Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. / E.&O.E.: This communication is not intended to cause or induce breach of an existing agency agreement. The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Cushman & Wakefield Ltd. VANCOUVER | LOWER MAINLAND |

Contents | NOVEMBER 2017

OPINIONS & FEATURES NEWS & COMMENT

WESTERN PERSPECTIVE Five top towns for real estate investors 6 Western Investor Frank O’Brien, Western ’s annual ranking 14 Investor editor, notes many World’s most massive Passive House can’t afford to work in the Vancouver towers will rise more than 40 storeys 18 richest city in the province with the lowest jobless rate Pot growers eye ALR farmland But at least one mayor is pushing back 22 SUPPLY FAILS AFFORDABILITY 12 Done Deals Boosting the supply of What sold and for how much in Western Canada 26 condominiums has failed to make housing more afforable in Metro Vancouver’s fastest- building suburban markets ADVERTISING DIRECTORY FURRY CREEK SOLD 16 Sea-to-Sky golf course Lower Mainland 2-22 is being teed up as a Services 18 waterfront residential and Sea to Sky/Sunshine Coast 22 resort development by new Vancouver Island 24-27 China-backed owners MORE OPPORTUNITIES SECTION B Interior B.C., Alberta & other provinces, recreation COVER FEATURE Marion Harper Treskin, general manager of both Marriott hotels 10 at Parq Vancouver: B.C.’s biggest private evelopment l MARRIOTT

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

Commercial Lending Experts. $250,000,000 funded since 2015 30 years of collective Commercial Lending experience within our team. We have access to the lowest cost of capital for conventional deals & $25K to $100M available in private capital. A full team of knowledgeable sales and administration staff Recent Fundings: • $18,500,000 land acquisition and land servicing mortgage for 5 acres of residential land on Burke Mountain, Coquitlam B.C. 85% of costs funded. • $7,500,000 land acquisition and lot servicing mortgage for a 17 lot sub-division in the Panorama Ridge neighborhood of Surrey, B.C. Land Acquisition | Multi-Family & Mixed use | Agricultural | Condo & Townhouse Construction | 80% of costs funded. Industrial | Single Family Construction • $5,100,000 land acquisition mortgage for a 5 acre 99 unit townhome site in the West Clayton neighborhood of Surrey, B.C. R/V Mobile Homes & Self Storage Sites | • $11,850,000 term mortgage for two car wash sites & a self-storage site located in Surrey & Langley, B.C. Hotels & Motels | Warehouses | Private Financing | • $3,900,000 construction mortgage for spec home located in the British Properties neighborhood of , B.C. Residential Mortgages | Truck & Equipment Leasing | • $2,400,000 farm mortgage for 15 acre blueberry farm located in the Cloverdale neighborhood of Surrey, B.C. E: [email protected] • $3,900,000 land acquisition mortgage for a 3.2 acre 66 unit townhouse site in the West Clayton neighborhood of Surrey, B.C. P: 604-503-1673 • $1,200,000 private 2nd mortgage @ 8.00% for a Best Western Hotel located in South Surrey, B.C. W: www.ewgroup.ca

CALL Don Munro [email protected] SUTTON GROUP 604-817-7338 www.donmunrorealestate.com WEST COAST REALTY ACREAGE ACREAGE ACREAGE COMMERCIAL/INDUSTRIAL PITT MEADOWS ROBERTS CREEK LANGLEY Fill Site • 600,000 cubic meter fi ll site on acreage property 14021 Rippington Road 2525 Lower Road 5079 240th Street • Great exposure • 19.49 Acres • 4.1 Acres Waterfront Property • +/- 137,000 Sq.Ft. in 3 growing areas, plus potting • Highway access • Beautiful, estate property boasts +/- 187,964 Sq. Ft. • 265’ of waterfront area, boilers, staging area, pesticide area, • Call for Confi dential Details of greenhouse facilities and 4.3 - 4.5 Acres of outdoor • less than 1/2 hour drive from ferry lunchrooms, bathrooms and mezzanine storage CHILLIWACK growing area (Container Yard) • fi ve bedrooms each with own en-suite • Currently +/-137,000 Sq.Ft. room to expand to +/- • 1.7 acres of blue berries and 4 acres of fallow land • 4,950 Sq. Ft. One and a Half Storey Home 200,000 Sq.Ft.-Room to Expand up to 66% site coverage 7985 Lickman Road • +/- 3,829 Sq. Ft., 2 Storey Home with 5 bedrooms • +/- 2,513 Sq.Ft., 3 Bedroom Rancher, • For Lease/Build-to-Suit and 4 bathrooms 2-Storey Home that is situated on a • Cedar Deck facing Ocean +/-1,155 Sq.Ft. Employee Residence, • Currently Zoned CS2 (Tourist Commercial) privately landscaped 3 acres with scenic mountain view • Beautiful view property $3,998,000 +/- 1,200 Sq.Ft. Workshop/Garage • Offi cial Community Plan (OCP) designates this IG • Operates as a high quality, specialty nursery with a • City Water-Commercial/Industrial sized Zoning (General Industrial) diverse plant selection that is one of the largest in the LANGLEY water connection at property line • PERMITTED USES in OCP province 7025 272nd Street • 3 Driveway accesses $3,300,000 - Manufacturing, warehousing and industrial services • Tree-lined and fenced yard offers a sense of privacy - Accessory offi ce and sales outlet • Turnkey greenhouse operation with excellent potential to • 11.9 Acres beautiful mountain view property 6681 Glover Road - Commercial services - Select heavier industrial uses utilize the fallow land or reconfi gure for other AG uses • Easy Access to the TransCanada • 4 Bedroom, 2 Storey Residence Built “1909” • DENSITY IN OCP - Maximum 1.0 FAR (Floor Area Ratio) • Inventory and equipment are not included • 7,506 Sq. Ft. Main House • +/- 83,000 sq.ft. of Buildings • APPROPRIATE BUILT FORM $6,250,000 • 2,507 Sq. Ft. Secondary House • 3-1/2 acres Parking • Zoning RU-3 - Industrial Building up to 3 Storeys • 1,014 Sq. Ft. Garage • Close Proximity to Everywhere $4,995,000 CALL US FOR ALL THE DETAILS 13783 Rippington Road • 2,299 Sq. Ft. Bike Garage $3,788,000 CHILLIWACK 8558 Chilliwack Mountain Road • 9.825 Acres • 10.687 Acres • A unique estate/agri-business property comprising a 6895 & 6897 272nd Street 51140 Ruddock Road • Concept A total of fi ve buildings • 27.097 Acres - Landlord will be using the Northern Most Portion • Centrally Located 32.85 Acres Fronting Chilliwack Mountain Road • +/- 4,655 Sq. Ft. main house with 3 Bedrooms &3 Bathrooms • Private Estate Property • Signifi cant road frontage • +/-2,325 Sq. Ft. event hall featuring a commercial • Possible development opportunity - 3 additional lots - All fronting Aitken Road kitchen and wine cellar • 2 Titles – 3 residences , pool, storage garages , - Aligned with current city zoning M3(General stables & paddocks • Proposed zoning Comprehensive Development (CD) • +/-2,100 Sq. Ft. coach house/garage with guest suite • Only 15 minutes to schools, doctors & medical services Industrial) and M4(Heavy Industrial ) • +/-1,490 Sq. Ft barn with licenced caretaker’s quarters • 7,947 sq. ft. Main House with 6 bdrms, 5 bathrms • Concept B • +/-1,019 Stable • 4,071 sq.ft. 2nd home 3 bdrms , 2 baths $1,995,000 - Landlord will be using the Northern Most 7630 Nixon Road Lot Fronting Chilliwack Mountain Road • Buildings are situated on meticulous landscaped • 1,423 sq. ft. Equestrian residence 2 bdrms, 2 baths • 60.1 Acres • Private end of road building location gardens which feature a large pond with an island and • 2,392 sq. ft 4 car garage - 4 additional lots • Build your private estate here - 2 fronting Aitken Road, 2 accessed off cul-de-sac two bridges • 10 stall stables with feed storage , offi ce , tack • Split Land Use Zoning - 31% RH (Rural Hillside) & • 7 Acres planted in Certifi ed Organic Blueberries - Rezoning needed to M1(Light Industrial) and/or room and grooming area 69% RSV1 (Limited Use Reserve) M2(Service Industrial) $4,445,000 $10,800,000 • Property is not located in the ALR $3,000,000 CALL US FOR ALL THE DETAILS ✓ VALUE FOR $ ✓ GOOD RETURN ✓ TENANT COVENANT ✓ UPSIDE ✓ CAREFREE A4 | LOWER MAINLAND WESTERNINVESTOR.COM | NOVEMBER 2017

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

AGRICULTURAL PROPERTY INDUSTRIAL RETAIL INVESTMENT 80 ACRE BLUEBERRY FARM IN DELTA HOLDING PROPERTY W/ REDEVELOPMENT

SALE FIRM DEAL SALEMark Hagedorn* 604.714.5524 SALE

17911 Fraser Highway, Vancouver, BC 1405 Pemberton, North Vancouver, BC 5606 96 Street, Delta, BC 4407-4411 Main Street, Vancouver, BC • Well-established 80 acre blueberry farm on prime • 67.644 Acres • 1,850 ft of frontage on Fraser • Lot size: 5,700 SF corner property • 32.92 ft by 101.1 ft lot • Retail unit and 2 bedrooms agriculture land • House 1: 4-BDRM, 2800 SF • Cap Rate: 2.5% Highway • A-1, General Agricultural zone within the (Rancher), House 2: 3-BDRM (Mobile), 23,000 SF suite • C-2 zoned site with assembly potential as Agricultural Land Reserve • Zoning: EZ-LI Employment Zone Light Industrial warehouse, 640 SF Pump house, Full-harvesting property to the south also listed for sale • • Price: $6,698,000.00 ($99,018.39 per acre) • Price: $2,900,000 equipment included • Price: $10,800,000 $3,980,000

Brian Tattrie & Chris Midmore 604.736.5611 Nick Goulet & Stuart Wright 604.736.5611 Kevin Wang* & Don O’Brien 604.736.5611 Eric K. Poon* 604.714.4768

WATERFRONT 40-ROOM HOTEL & MARINA MULTI-FAMILY APARTMENT BUILDING C-2 ZONED DEVELOPMENT OPPORTUNITY INVESTMENT OPPORTUNITY

SUBJECT

SALE SALE SALE SALE

6555 Hardy Bay Rd, Port Hardy, BC 1030 Harwood St, Vancouver, BC 1111 – 1123 Kingsway, Vancouver BC 20456 Fraser Highway, Langley, BC • 2.6 acres of waterfront land, 4 acres of water • 3 Storey with 30 Suites - Downtown Vancouver • Corner property on the north-east corner of Kingsway • Character Retail Building Downtown Langley lease, 1000 ft new & reconditioned docks, full • Site Size: 12,969 SF (99’ x 131’) & Glen Drive • Zoned C-2C Commercial Zone (2.5 • Near proposed LRT Station service restaurant and pub, liquor store, marine • Zoned RM-5A Multiple Family FSR) • Site area: 19,225 SF • Good Holding Property store, fuel dock, storage and laundry facilities. • Assessments: $23,390,100 • Price: $14,800,000 • Price $1,500,000

Cynthia Dong* 604.518.8230 Cynthia Dong* 604.518.8230 Matt Nugent*, Edward Chiu & Kevin Wang Steve Schweighert 604.714.5727

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

SALE SALE SALESALEMark Hagedorn* 604.714.5524 LEASE

7050 Trans Canada Hwy, Revelstock, BC 411 3rd Ave New Westminster, BC (Queens Park) 101 -103 Riverside Drive, North Vancouver, BC 2429 Marine Drive, West Vancouver, BC • 205.171 Acres • Hot mineral pools, 200 camp- • High revenue holding/development property • Owner/Occupied investment opportunity to • “A” frame Architecture with 18’ft.+ Cathedral style sites, RV Park, and mountain Chalets and cabins • Lot Size: 17,667 SF occupy 3,590 SF with built-in revenue. Grade level ceiling height • Located between Mount Revelstoke and Glacier • Building Size: 10,500 SF loading with parking front and back • Employment • Close to transit National Parks, 6 hours away from Vancouver. • Price: $4,588,000 Zone-Light Industrial • +/- 8,770 SF • $3,163,000 • 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 SOLD SALE SALE

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

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

SALE SALE FIRM DEAL SALE

866 East Broadway, Vancouver, BC 316 Gower Point Road, Gibsons, BC 133 & 135 East 3rd Street, North Vancouver, BC • 33’ x 122’ lot in newer residential neighbourhood. 131 East 3rd Street, North Vancouver • 1800 SF Restaurant/Commercial Space. • 18 Brand New Residential Units • Commercial/Residential Development • RM-4N Zoning • Plus 3 Bdrm And 1 Bdrm Rental Suites • 133: 1,084 SF - Price: $1,190,000 • 6-suite apartment building with 2,013 square foot • Fully Leased • C5 Downtown Commercial Zone 5 • $10,250,000 • 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* & Chris Winckers Dan Schulz*, Mark Hagedorn*, Marion Meyer 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 NOVEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A5

355 Burrard Street, 14th Floor Vancouver, V6C 2G6 +1 604 998 6001 jll.ca INVESTMENT PROPERTIES FOR SALE 2067 Pandora Street 1727 William Street 1555 Jubilee Avenue 4979 47A Avenue Vancouver, BC Vancouver, BC Victoria, BC Ladner, BC NEW LISTING NEW LISTING FOR SALE FOR SALE

• Located in hip, up and • Approx. $140,000 of Cap Ex • Turn-key legacy apartment • Located in the heart of • 21 unit centrally located • Opportunity to maintain • Well managed 24 unit • Located in a rapidly coming “East Village” since 2013 building vibrant Commercial Drive apartment building near 1%"&+ /"!& )" 0%Ɲ,4,/ building growing community • Superb curb appeal • Building scale is ideal for • 10 spacious two bedroom • All major capital upgrades Royal Jubilee Hospital reposition the asset • Two massive penthouse • Street-to-street frontage of self management suites completed suites 150 feet [email protected] [email protected] [email protected] [email protected] 4045 1st Avenue 7110 Linden Avenue 9430 Nowell Street 3819 Cambie Street Prince George, BC Burnaby, BC Chilliwack, BC Vancouver, BC

FOR SALE FOR SALE FIRM FIRM

• 21 unit townhome • 2 parking stalls per unit • 30 units in the established • 3 bedroom, 2 bathroom • 29 units in the heart of • Well located near • Centrally located in • Desirable mix of spacious complex • Each unit is self contained community of Highgate penthouse unit Chilliwack amenities and services Cambie Village unit types • Fenced back yards with tenant paying utilities • Located on 26,000+ s.f. • 220m from King Edward • Revenue upside and Station value-add opportunity [email protected] [email protected] [email protected] [email protected] INDUSTRIAL AND LAND FOR SALE IntraUrban Rivershore 1600 - 1610 Derwent Way Wilson & Whitaker Road 2460 Viking Way Richmond, BC Delta, BC Courtenay, BC Richmond, BC FOR SALE FOR SALE FOR SALE FOR SALE

• Waterfront strata units • ESFR Sprinklers • Industrial strata space • Concrete tilt-up • Land for sale • Outdoor/recreational • 34,945 s.f. freestanding • 1 grade loading door • Flexible unit sizes • T5 lighting • Units starting at 3,200 s.f. construction • 3.7 acres - 8.7 acres opportunities 4/"%,20"ȡ,ƛ& " 2&)!&+$ • 26’ warehouse ceiling • Dock and grade loading • views • Dock level loading • T5 lighting • Hydro at lot line • Close to amenities • Situated on 1.50 acres height • 26’ ceiling height • Central urban location • Dock levelers • Central location • Beach access • CR-1 zoning • 4 dock loading doors • ESFR sprinklers [email protected] [email protected] [email protected] [email protected]

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

VICTORIA LANDMARK PUB & LIQUOR STORE VANCOUVER ISLAND NANAIMO INDUSTRIAL / LIVE WORK VICTORIA COMMERCIAL / MULTI-FAMILY

SALE SALE SALE SALE

Thriving Businesses, Land and Building Brand New Retail / Residential Building Nanaimo, BC Price: $1,250,000 Three Story Building Price: $2,700,000 nd • Lease Income from 2 floor Offices • Liquor Store (LRS) on Main • (2) Warehouses on 11,625 SF Lot • +/- 2,590 SF Retail on Main • Building +/- 9,542 SF Lot Size +/-25,619 SF • 3 Residential Suites Up • (2) 14 FT Overhead Doors: portion w/20 FT ceilings • (3) 2-Bedroom & (1) 1-Bedroom • OCP Mixed Use - Commercial / Multi-Family • Pro-Forma 14% Combined Cap. Rate • Upper Floor One-Bedroom 930 SF Apartment • Bldg 7,828 SF / Lot 7,474 SF • Price: $4,350,000 • Price: $4,195,000 • Steel Building Built in 2004 Hans Van de Kamp 250.704.8275 Hans Van de Kamp 250.704.8275 Hans Van de Kamp 250.704.8275 Hans Van de Kamp 250.704.8275

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

DEVELOPMENT LAND Mission PARCEL D LOOKING FOR 124 Acres Lake Errock SALE DEVELOPMENT LAND “MISSION” • Potential Development - Zoned to allow 10-acre Development Site parcels (potential 12 X 10-acre Lots) • Land in neigh- Have buyers looking for small acreage development sites. Under $15,000/ acre bourhood rezoned and subdivided into 5-acre parcels Seeking land suitable for subdivision into small acreage (potential 20- 5-acre lots)• Neighbouring property home sites RU-16 seeking rezoning for single family lots. • 15 miles from Bob Scragg* 604.290.2906 Bob Scragg* 604.290.2906 Central Mission, off Lougheed Highway on route to Taylor Scragg 604.773.7873 Taylor Scragg 604.773.7873 Harrison Hot Springs •Asking price $1,900,000 *Personal Real Estate Corporation macdonaldcommercialmacdonaldcommercial.com.com A6 | LOWER MAINLAND WESTERNINVESTOR.COM | NOVEMBER 2017 What happens when people can’t afford to work

COMMENT | Vancouver’s streets are a lesson in disconnection: many people simply can’t afford to work in the most prosperous city in a province with Canada’s lowest jobless rate PUBLISHER: Janai York EDITOR-IN-CHIEF: Joannah Connolly EDITOR: Frank O’Brien f a young person in Vancouver to retain staff at his eatery in Governments and the private CONTRIBUTING WRITERS: Nelson Bennett, Tanya accepts a $20 an hour job, it WESTERN downtown Vancouver, including sector appear witless in slowing Commisso, Geoff Kirbyson, Pat Johnson, Peter equates to less than $2,500 PERSPECTIVE offering $20 an hour to entry- Vancouver home prices or deliv- Mitham, Frank O’Brien I PROOFREADER: Meg Yamamoto per month in net take-home pay. level employees. ering enough affordable rentals, PRODUCTION: Darko Isic, Arslan Sultan But the average rent for a one- Upcoming B.C. construction the main barriers for even mid- ADVERTISING SALES: Behrouz Habibi, bedroom apartment in Van- projects, not counting residen- income city residents. David Witherspoon Payroll Association survey. ADVERTISING SALES CO-ORDINATOR: couve is $2,090, and rising. tial, are estimated at $325 bil- Many young families are al- Angela Foster Many of those who can’t CIRCULATION: Angela Foster Little wonder that city retailers, lion. But the industry is facing ready fleeing Vancouver and the NEWSSTANDS: make it number among Globe Distribution Services restaurants, construction com- a shortage of more than 14,000 hollowing out is forcing school PRINTED: In Canada at Kodiak Metro’s 3,600 homeless. panies and some of the biggest workers right now. closures and will further drain Western Investor is published monthly by Within three years, there could tech companies in the world are This year only one in 70 B.C. the labour pool. RE Weekly Limited Partnership be 61,500 more jobs in the prov- VANCOUVER HEAD OFFICE: begging for low-skill, low-pay high school graduates went into So what is the answer? It is 303 West 5th Avenue, ince than people to fill them, Vancouver, B.C. V5Y 1J6 workers and can’t find them. the construction trades, the low- not mandatory minimum wage according to B.C.’s most recent SUBSCRIPTIONS AND ADVERTISING SALES: In reality many people simply est level in at least four years. increases. It will require uni- Labour Market Outlook. Tel: 604-669-8500 Fax: 604-669-2154 can’t afford to work in the most Amazon, the giant online re- fied action and rare sacrifice by Canada/U.S. toll-free: 1-800-661-6988 The 2017 study also forecast prosperous city in a province tailer, is running display ads industry, government and real Canadian publications mail product sales agreement that B.C. will produce one mil- #40069240, GST #105655567 with the lowest unemployment even in local newspapers as it estate owners to both raise wages lion job openings by 2025, half Copyright 2017. While every effort is made to rate in the country. The dis- desperately tries to fill scores of and reduce housing costs. of these in the Lower Mainland. ensure the accuracy of articles and advertising connect is not only undermin- low-skill position at its Metro The chances of success are Western Investor Yet 73 per cent of B.C. restau- that appear in each edition of , ing the economy, it threatens distribution centres. Amazon is doubtful. The options are even the publisher may not be held responsible for any rants say they’re already facing the societal fabric of the city. offering $15.75 per hour. worse.■ errors or omissions that may from time to time an immediate labour shortage. occur. No part of this publication may be reprinted More than half of Metro work- Employers say they can’t af- One restaurateur told Business in any medium without the express written ers say they are already strug- ford to pay a living wage, and for FRANK O’BRIEN permission of RE Weekly Limited Partnership. in Vancouver that he has tried gling paycheque to paycheque, many that is likely true. But that | Editor everything, without success, according to 2016 Canadian leaves few options for workers. [email protected] ADVERTISING DEADLINE DECEMBER 2017 issue: NEXT MONTH: RESIDENTIAL INVESTMENT OUTLOOK 2018; OFFICE LEASING; CLOSE-UP ON VANCOUVER November 6, 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 NEW NEW REDUCED

5363 201 ST, LANGLEY 2231 ETON ST, VANCOUVER 2215 E HASTINGS ST, VANCOUVER 2778 E HASTINGS ST, VANCOUVER 3591 OAK ST, VANCOUVER 90-suite new purpose-built luxury rental 16-suite well maintained building. Views. Newer 37-suite apartment building with Newer 34-suite apartment building with 26-suite co-op apartment building apartment building Grandview-Woodland neighbourhood ground level commercial** ground level commercial** 132’ x 120’ lot. Shaughnessy area $34,500,000 $5,850,000 $21,800,000 $18,500,000 $17,000,000

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

**Can be purchased together (total 71 suites)

MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY DEVELOPMENT MIXED-USE REDUCED SOLD SOLD SOLD SOLD

275 E 13TH AVE, VANCOUVER 420 ELEVENTH ST, NEW WESTMINSTER 1526 ARBUTUS, VANCOUVER 6310 E BOULEVARD AVE, VANCOUVER 9010 SCHOOL ST, CHILLIWACK Well maintained 23-suite building 61-suite apartment on massive ~1 acre 10-suite co-op apartment building Rare high-exposure C-2 mixed-use 26-unit rental building with four ground 99’ x 122’ lot (12,078 SF) site Brow of the Hill neighbourhood across from redevelopment site in Kerrisdale floor commercial units $10,500,000 $14,500,000 $7,888,000 Site 65’ x 122’ (7,930 SF) Call agent

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

OFFICE/WAREHOUSE OFFICE/RETAIL OFFICE/RETAIL RETAIL RETAIL NEW NEW NEW LEASED NEW

KINGSWAY

STAMFORD ST

106 & 212 DOLLARTON HWY, N VAN 125-1058 MAINLAND ST, VANCOUVER 109-7511 120TH ST, DELTA 3399 KINGSWAY, VANCOUVER 3446 & 3450 W BROADWAY, VANCOUVER Located in the Maplewood Landing Located in the Yaletown Galleria 4-storey mixed-use building Approx. 6,000 SF built-to-suit to Excellent opportunity to acquire Total 2,197 SF Bright south east corner strata unit Retail/Office strata unit international “AAA” tenant 2 strata unit investment $1,150,000 $1,288,000 $648,000 Call agent $1,290,000

Scott Smith Dean Thomas*, Scott Smith Patricia Wong Chong Nhi Denis* Tammy Lam

Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice. *Personal Real Estate Corporation NOVEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A7

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

FOR SALE: 11125 –124th Street, Surrey, BC FOR LEASE: 353 Railway Street, Vancouver, BC

t _ TGNVMUJUFOBOUDPNNFSDJBMCVJMEJOH t  TRVBSFGPPUSFUBJMPóDFEFWFMPQNFOUJOWJCSBOU3BJMUPXO t 4JUVBUFEPOBDSFTPGMBOEOFYUUP4DPUU3PBE4LZ5SBJOTUBUJPO t 6OPCTUSVDUFEBOEQSPUFDUFEXBUFSBOENPVOUBJOWJFXT t 5SFNFOEPVTIPMEJOHJODPNF t 1SJWBUFOPSUIBOETPVUIUFSSBDFTPOFBDIøPPS t &YDFQUJPOBMGVUVSFSFEFWFMPQNFOUQPUFOUJBM t "WBJMBCMF4VNNFS UNDER CONTRACT Bal Atwal* / Glenn Gardner* / Michael Farrell Jake Luft / Justing Omichinski* / Nabila Lalani FOR SALE: 422 Sixth Street, New Westminster, BC FOR SALE: 1164 Robson Street, Vancouver, BC

t  TGTUPSFZPóDFCVJMEJOH t #JEEBUF0DUPCFSUI  t  TGNJYFEVTFIJHISJTFTJUF t &YUSFNFMZSBSFPQQPSUVOJUZUPQVSDIBTF t &YDFMMFOUMPOHUFSNMFBTFPOPGUIFøPPST t &YDFMMFOUGSPOUBHFBOEFYQPTVSF t 1SJDF   t &BTJMZBDDFTTJCMFCZDVTUPNFSTPOGPPU WFIJDMFBOEUSBOTJU Josh Sookero* Daniel Lee* / Robert Gritten / Layla Vera FOR LEASE: 1301–1333 Lonsdale Avenue, North Vancouver FOR SALE: 582 Goldstream Avenue, Victoria, BC

t 0WFS TGPGPóDFBOESFUBJMTQBDFBWBJMBCMFJOOFX t *EFBMJOWFTUNFOUGVUVSFEFWFMPQNFOUPQQPSUVOJUZ  NJYFEVTFEFWFMPQNFOU t  TGNFEJDBMPóDFCVJMEJOHXJUIFYUFOTJWFVQHSBEFT t 1SJNFMPDBUJPOJO$FOUSBM-POTEBMF t 4JUVBUFEPOBDSFTPGMBOE t &TUJNBUFEDPNQMFUJPO2 t 1SJDF   Terry Thies* / Ian Whitchelo* Josh Sookero*/ Robert Greer* FOR SALE: Super 8 Hotel, Cranbrook BC FOR SALE: 31786 Marshall Road, Abbotsford, BC

t SPPNT t BDSFJOEVTUSJBMTJUF t 'VMMZSFOPWBUFE t 'JOBMTVCEJWJTJPO [POJOHBOETFSWJDFTUPCFEFMJWFSFECZUIFWFOEPS t 4JUVBUFEPò)JHIXBZ ,JMPNFUFSTGSPN64CPSEFS t &YQPTVSFBMPOH.BSTIBMM3PBE t NJOVUFTGSPN*OUFSOBUJPOBM"JSQPSU t "TLJOHQSJDF  QFSBDSF Michael Emmott Michael Farrell / Layla Vera FOR SALE: 1369–1377 Kingsway, Vancouver, BC FOR SALE: 14195 256th Street, Maple Ridge, BC

t  TGNJYFEVTFEFWFMPQNFOUPQQPSUVOJUZ t BDSFT[POFE." t -PDBUFEJOUIFIFBSUPGUIF,JOHTXBZ$PSSJEPS t 4JHOJöDBOUHSBWFMBOEUJNCFSSFTPVSDFT t $MFBO1IBTF&OWJSPONFOUBMBWBJMBCMF t 'VUVSFJOEVTUSJBMEFWFMPQNFOUQPUFOUJBM t "TLJOH1SJDF   Michael Buchan* / Robert Greer* Gord Robson / Michael Farrell FOR LEASE: Campbell Heights West Business Park, Surrey, BC FOR SALE OR LEASE: 12941 115th Avenue, Surrey, BC

t /FX*OEVTUSJBMTQBDFGPS-FBTF t $FOUSFQPJOU#VTJOFTT1BSL t 'SPN TGVQUP TG t #SBOEOFXVOJUTTUBSUJOHGSPNTG t $PNJOH t +PJO5JN)PSUPOT t $PNQMFUJPO%FDFNCFS Garth White* / Joe Lehman / Mathew Sunderland* ONLY 2 UNITS LEFT John Eakin / Gord Robson FOR SALE: 3180 208 Street, Langley, BC FOR SALE: Fort St John & Dawson Creek Portfolio

t "DSFT t 5ISFFSFOUBMBQBSUNFOUCVJMEJOHTJO'PSU4U+PIOUPUBMJOHTVJUFT t %FWFMPQNFOU0QQPSUVOJUZ t 5XPSFOUBMBQBSUNFOUCVJMEJOHTJO%BXTPO$SFFLUPUBMJOHTVJUFT t $POTJEFSBCMFQPUFOUJBMGPSCPUIEFWFMPQFSTBOEJOWFTUPST t "MMQSPQFSUJFTNVTUCFTPMEUPHFUIFS t )PMEJOH*ODPNFPG QFSNPOUI t "TLJOH1SJDF    QFSTVJUF  Mathew Sunderland* / Chad Margolus Chris Wieser / Robert Greer* / Carey Buntain FOR SALE: 5100 Silver Star Road, Vernon, BC FIRM DEAL: 2177 Wall Street, Vancouver, BC

t  TGGVMMZMFBTFEJOWFTUNFOUPQQPSUVOJUZ t VOJUSFOUBMBQBSUNFOUCVJMEJOH t BDSFTJUFXJUITVCEJWJTJPOQPUFOUJBM t 7BMVFBEEPQQPSUVOJUZXJUIEFWFMPQNFOUQPUFOUJBM t "TLJOH1SJDF   t  TGMPU t DBQJUBMJ[BUJPOSBUF t '43BMMPXTGPS TGPGHSPTTEFOTJUZ BTQFSUIF0$1 Russ Bougie* / Steve Laursen* Robert Greer* / Carey Buntain / Chris Wieser FOR SALE: 246 St. Laurent Avenue, Quesnel, BC SOLD: 1454 Oxford Street, White Rock, BC

t 1SJDF3FEVDFE"TLJOH   t BDSFIJHISJTFSFTJEFOUJBMEFWFMPQNFOUTJUF t -POHUFSN5FOBODJFT t "QQSPWFEEFWFMPQNFOUQFSNJUGPSBUXPUPXFS VOJUQSPKFDU t $BQ3BUF t 5PUBMEFOTJUZPG'43CBTFEPOHSPTTTJUFBSFB t "WJTPO:PVOHSFQSFTFOUFEUIF7FOEPSJOUIJTPòNBSLFUUSBOTBDUJPO Max Ripper SOLD Bal Atwal*

*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 | NOVEMBER 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 •/RWV$YDLODEOH $FUHV 70% LESS THAN GVRD INDUSTRIAL LAND PRICES •+LJK7UDIûF$UHDQH[WWR6N\7UDLQ [EUGEN KLEIN, CHRIS HAYNE] •1,213 SF, One Parking Spot 176TH ST •$629,000 or $26 / SF [RAMAN BAYANZADEH, SUMIR CHAUHAN] CALL FOR DETAILS

SEATTLE 2 HRS SOUTH RETAIL STRATA FOR SALE NORTH VANCOUVER BC RESIDENTIAL DEVELOPMENT LAND | QUESNEL BC •6)6)%XLOGDEOHWR$FUH6LWH$YDLODEOH%XLOG5HDG\ •RS-1 Single Dwelling Residential •6)&RQWLJXRXV6LQJOH6LWH)XOO([SRVXUHWR+LJKZD\,DQG65 •Prime Location (Close to Downtown, •WR86'SHU$FUH6)/HDVH5DWHRQ1HZ%XLOGWR6XLW 6FKRROVDQG5HFUHDWLRQ •%LQGLQJ6LWH3ODQ7UDIûF6WXG\:HWODQG0LWLJDWLRQ$UP\&RUSV '2($SSURYHG •3DUFHOV$YDLODEOH $FUHV •8VHV7HFK&DPSXV2IûFH0HGLFDO5HWDLO0DQXIDFWXULQJ'LVWULEXWLRQ:DUHKRXVLQJ Cold Storage, Free Trade Zone [EUGEN KLEIN, RAMAN BAYANZADEH, DEAN THOMAS] •+LJK7UDIûF/RQVGDOH([SRVXUH [EUGEN KLEIN, CHRIS HAYNE] •890 SF on Lower Lonsdale near W 3rd

•Fully Improved with Washroom

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

INDUSTRIAL BUILDING FOR LEASE FREESTANDING BUILDING RETAIL FOR LEASE SURREY BC ABBOTSFORD BC VANCOUVER BC MULTIPLE OFFICE UNITS FOR LEASE | DELTA BC

•WK6WUHHW 6FRWW5RDG •&RUQHU([SRVXUH+LJK7UDIûF JUST LISTED •8SWR8QLWV$YDLODEOH •620 SF - 2500 SF, Free Customer Parking •7HQDQW,QFHQWLYH3DFNDJHV$YDLODEOH •Free Standing •Located on Clearbrook Road •Located in the Heart of Kitsilano [SUMIR CHAUHAN, RAMAN BAYANZADEH] •19,967 SF Lot, 9,812 SF Warehouse •14,000 SF of Land, 8,836 SF Building •1,714 SF, 2 Parking Spots

•Zoning: IL •2 Storey Mixed Use - Income Property •$37 / SF

•$12 / SF [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

•WK$YHQXH •Located next to Surrey Central SOLD •8QLWV6WUDWD7LWOHG DQG%GUP •$FUH6LWH)XWXUH5HGHYHORSPHQW •3ULQFLSDOV2QO\1R9DFDQF\ [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] •$4,500,000 [EUGEN KLEIN] [POURIA NIKRAVAN, RAMAN BAYANZADEH]

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

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

•$FUHV/RZ9DFDQF\ [EUGEN KLEIN, CHRIS HAYNE] •3DG'XDO5RDG$FFHVV •9.1% Cap Rate

•$549,000 [EUGEN KLEIN, CHRIS HAYNE] $3,850,000

MOBILE HOME PARK FOR SALE MACKENZIE BC • STAY CONNECTED ? $FUHV •0RELOH+RPH3DGVDQG593DGV Would you like to receive our latest and •([SDQVLRQ3RWHQWLDODQG1R9DFDQF\ exclusive offerings, featured commercial, •&ORVHWR'RZQWRZQ)RUW6W-RKQ*UHDW+LJKZD\$FFHVV •On Track to Gross over $370,000 this Year investments, luxury residential or presales? [EUGEN KLEIN, CHRIS HAYNE] •120 Pads, 14% Potential Cap Choose what you are interested in. Stay connected as you •Close to Town Centre, Town Services prefer. To subscribe email us at [email protected] or •Principles Only visit kleingroup.com CALL FOR PRICING •$2,400,000 [EUGEN KLEIN, CHRIS HAYNE]

Raman Bayanzadeh Sumir Chauhan Kevin Chiang Chris Hayne Eugen Klein Pouria Nikravan Sally So Dean Thomas Eric Wu David Xin Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Investment & Leasing Investment & Land Investment Investment Investment Investment & Leasing Investment & Land Investment & Land Investment Investment Royal LePage Sussex, Klein Group | Suite 204 345 Robson St. | Vancouver BC Canada | V6B 6B3 O 604 684 8844 | F 604 408 6648 | TF 1 855 684 8844 | www.kleingroup.com NOVEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A9

Accelerating success.

• •

Saint Johns Street Watson Road • Inlet Centre • Station Promontory Road Garrison • Ioco Road • Dewdney Trunk Road Barnet Highway Crossing

Vedder Road

Colliers Macaulay Nicolls Brokerage

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

Looking for experienced commercial agents! NAI Commercial is a full service commercial M-1 Industrial Land & Buildings brokerage looking to expand our team! 2900 Pooley Avenue, Merritt, BC ‚ 4th most recognised commercial real estate Strata Retail Sold ‚ 6.04± acres on the corner of Pooley Ave & Nielson St firm in the world. st 41 Avenue Strata Retail ‚ 6,648-sf main building, including 3,920-sf maintenance ‚ 5 offices in British Columbia, 400 offices and Vancouver, BC shop with approximately 24 ft ceiling height 7,000 local experts around the globe. ‚ Stable tenant‚ 3% net return at ‚ Reinforced poured concrete foundation, with overhead 3 Call or e-mail to find out more: asking price ton rail crane, large vehicle hoist, lunch room & bathroom Asking: $1,468,000 Asking: $1,550,000 Rob DesBrisay Rick Lui* Chris Langhaug 604 691 6602 | [email protected] 604 644 6182 | [email protected] 604-240-6224 | [email protected]

Development Site For Sale Westside Development Site Successful Turnkey Business ‚ C-2 Commercial zoning with 35,198-sf Anchor Unit Kamloops Industrial Site ‚ 30,440 sf buildable Unit 16, 228 Schoolhouse Street, Coquitlam, BC Asking: contact agent Kamloops, BC ‚ 35,198-sf anchor unit ‚ Zoned CS-1 ‚ The last large industrial ‚ All services nearby. Ready ‚ Great revenues parcel in Kamloops. to go. Reduced Price: $7,690,000 ‚ Potential to subdivide into ‚ Seller may consider Apartment, Warehouse & Land 4 x 5 acre parcels. trades. Asking: $5,950,000 Two Apartment Buildings 2222 Balsam Avenue Kamloops, BC Quesnel, BC ‚ 4 acres, 14,000 sf

V ‚ 72 units total

V V V Asking: contact agent ‚ Holding income Asking: $900,000 Three Suncor Sites Development Land Interior BC Wal-Mart Excess Lands Quesnel, BC 4.193 Acres Sun Rivers Resort Community ‚ 18,500 sf ‚ 1.727 acres planned for 37 Rental or Strata Townhouses Kamloops, BC ‚ 28,000 sf ‚ Five acres ‚ 2.466 acres planned for 54 Rental or Strata Apartments ‚ Over 1,000 units remaining ‚ Includes 5.59 acres of ‚ 21,500 sf Asking: $1,750,000 mixed-use development ‚ Can be purchased separately ‚ Drone video: Asking: contact agent ‚ Incredible valley views youtu.be/j2hnRIaVkp4 land ‚ Not in the Lower Mainland Asking: Please contact agents Asking: $1,450,000 Gary Haukeland* & J-D Murray Peter A. Seed, BA. DIPL. TECH Ted Weibelzahl 604 514 6825 604 691 6693 | 604 691 6664 604 691 6608 Toll-Free: 1 800 890 9855 [email protected] [email protected] | [email protected] [email protected]

Businesses For Sale

Laser Equipment Distributor, Relocatable $899,000 Will Your Business Be Ready For Sale To Sell When You Are? Business with Property Supermarket & Outdoor Store - Includes real estate, Quesnel, BC $749,000 Architectural Millwork & Cabinetry, Surrey, BC $199,000 For a Confidential Automotive Repair, Chilliwack, BC Consultation, Call: ‚ Business: $350,000 Currently seeking: ‚ Property: $1,120,000 Construction Material Wholesaler or Distribution Company for qualified buyer

John McLeod, CBI CVB Asking: $1,470,000 Marion Van Keken-Rietkerk*, CBI MBA 604 230 9941 | [email protected] 604 617 8118 | [email protected]

*All asterisks indicate Personal Real Estate Corporation A10 | LOWER MAINLAND WESTERNINVESTOR.COM | NOVEMBER 2017 Lively new Parq Vancouver casino links two luxury hotels COVER | $600 million Parq Vancouver drew massive crowd for late-night opening but dual new hotels may be the reason people will keep coming back

guest rooms, including 44 suites By PAT JOHNSON and three luxury suites as well as When the other parts of & FRANK O’BRIEN a two-floor villa. The Douglas town are going to sleep, [email protected] includes 188 rooms and suites. that’s when we come The two hotels buttress shared to life ithin 30 minutes of the common areas, including 11 p.m. opening of the 60,000 square feet of meeting MARION HARPER TRESKIN, Parq Vancouver ca- venues, which Harper Treskin W GENERAL MANAGER, sino on Friday, September 29, touted as unparalleled in the JW MARRIOTT AND the Vancouver Fire Department city. The six floors between the THE DOUGLAS HOTEL, ordered its main Beatty Street two hotels – which insiders call PARQ VANCOUVER entrance closed because of over “the podium” – include the two- capacity. storey casino, the lobbies of the “It is nuts,” complained two hotels, the convention level Kevan O’Brien, one of several and an array of restaurants and latecomers denied entry to the lounges. two-level, 72,000-square foot The Parq grand, Vancouver’s ” casino next to BC Place sta- largest hotel ballroom – almost includes eight restaurants and dium. O’Brien noted that crowds 16,000 square feet, accommo- lounges under the guidance of streaming out of a Coldplay con- dating 1,800 people – is the cen- Las Vegas restaurateur Eliza- cert at the stadium likely helped repiece of 23 meeting spaces. In Marion Harper Treskin, general manager of both Marriott hotels at Parq beth Blau and Canadian chef Kim boost the Parq’s opening crush. addition, a 30,000-square-foot Vancouver: not surprised by late-night crowds. | ROB KRUYT Canteenwalla. But Marion Harper Treskin, park on the sixth floor connects The dual Marriott hotels at Parq general manager of both Marri- visually to the city skyline. Vancouver reflect booming times ott hotels at Parq Vancouver, was “This is a monumental mo- in Canada’s hotel industry. not surprised by the late-night ment,” Parq Vancouver president According to a 2017 report by lineup of gamers. Joe Brunini had told a crowd Colliers International on Can- “When the other parts of town of media and guests earlier in adian hotel investment, the hotel are going to sleep, that’s when we the day, which included Para- real estate industry posted a re- come to life,” she said. gon Gaming co-founders Scott cord performance in 2016, when And, she noted, the Parq com- Menke and Diana Bennett. the sector completed $4.1 billion plex is much more than a 24- “Vancouver is on a world stage, in transactions – the second- hour casino. an international stage, and so we highest amount on record, and Parq Vancouver, the largest had to come up with the right almost 70 per cent higher on a private development in B.C., is vision,” explained Menke, who year-over-year basis. bookended by two new hotels – conceived Parq Vancouver more The industry’s upward trend Western Canada’s first JW Mar- than 10 years ago. is expected to continue through riott and the Douglas, a boutique The Parq’s extravagant, chan- 2017, and sales volume will likely Marriott Autograph collection delier-hung gaming floors re- Parq Vancouver complex includes Entertainment goes 24-7 top $3 billion this year, helped by hotel. The LEED (Leadership in place the Edgewater Casino, two Marriott hotels but its casino at the Parq Vancouver’s completion of a $1 billion port- Energy and Environmental De- formerly located in the Plaza of proved the opening-night attraction 72,000-square-foot casino. folio transaction during the year’s sign) Gold-crafted JW has 329 Nations. Parq Vancouver also | CHRISTOPHER MORRIS | SHUTTERSTOCK first quarter, the report said. ■

EAST 15TH STREET

ST. GEORGES AVENUE 99 FT

GUILDFORD WAY

IOCO ROAD 143 FT

View all listings at: www.cbre.ca/lance.coulson NOVEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A11

Richard Podgurski Cell: 604.961.5665 [email protected] Masters Realty www.expertrealty.ca 2 TOWNHOUSE ONE OF A KIND RESORT DEVELOPMENT LOTS Unique, one of a kind resort, spa or Vancouver West, Granville Street high quality residential 14 acres development site Zoned: RM-8N, FAR=1.2 right on the lake, Buildable square footage =12480 with marina, Pub and airplane landing runway. FMV= $16.2-$18M Offered For $2,988,000 Asking $8.2M GAS STATION & STORE No-Rezoning required Gas Station & Store with separate Restaurant building + residence building for staff or owner JACK HSIAO located on major highway. Great exposure and 778-870-8328 well established business. FOR SALE Offered For $1,188,000

,VAN WN CO O T U S V A E R FOR SALE G

C gt O E T R A B T E S L E C L O EA 210 CARRALL STREET MMERCIAL R Award-Winning Heritage Building • ™‘ ‘‡” ‹ƒŽ—‹–•ƒ†Ƥ˜‡Ž‹˜‡Ȁ™‘”Ž‘ˆ–• • Building size: 11,618 sf (gross) | 10,033 sf (rentable)* • Lot Size: 5,307 sf (Approx.) • •‹‰”‹ ‡ǣŽ‡ƒ•‡ ‘–ƒ –—•

New Asking Price FOR SALE 395 RAILWAY STREET Commercial | Investments | Foreclosures Railtown Investment Opportunity • ͛Ǧ•–‘”‡›’Ž—•—†‡”‰”‘—†’ƒ”‹‰ SOLD - Farm and Home • Building size: 24,107 sf (gross) | 16,950 (rentable)* 14325 Harris Rd, Pitt Meadows BC • Lot Size: 6,056 sf (Approx.) • ‡™•‹‰”‹ ‡ǣ Please contact us 27 Acre Blueberry producing Farm 6,000 sq. ft Executive Home Contact Agent For Details New Asking Price FOR SALE STRATHCONA FOR SALE - By Court Order 209 HEATLEY AVENUE 525 Haliburton Street, Nanaimo BC Investment / Development Opportunity (Formerly Patricia’s Pub) • Fully renovated mixed use asset 18,480 sq ft corner lot • Net Income: Please contact us Water views • Lot Size: 6,100 sf (Approx.) Reduced to $500,000 • ‡™•‹‰”‹ ‡ǣ $3,999,000.00 FOR SALE - By Court Order 225 Terminal Ave, Nanaimo BC FOR SALE 3300 sq ft Single Storey Retail STRATHCONA 5994 sq. ft lot in Downtown location 1172 & 1180 E HASTINGS STREET Reduced to $450,000 Exceptional Development Opportunity • Prime development site with holding income • Zoning: M-1 Industrial FOR SALE - By Court Order • Lot size: 6,100 sf (Approx.) 221 Terminal Ave. Nanaimo B.C. • •‹‰”‹ ‡ǣ $4,980,000.00 13,824 sq. ft. lot in Downtown location Reduced to $750,000 Opportunity to acquire 225 & 221 Terminal Ave. as a potential Development Site FOR SALE 1029 - 1031 RIDGEWAY AVENUE LEASED - Main Street Exceptional Austin Heights Development Site 6615 Main St,Vancouver B.C. • Prominent corner site in the heart of Austin Heights • Maximum gross buildable area of up to 93,000 sf* 1,352 Sq. Ft. of retail space • Lot size: 18,600 sf (Approx.) • •‹‰”‹ ‡ǣ Please contact us

MANJIT CLAIRE* KURTIS CLAIRE E. & O. E. | All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors [email protected] [email protected] ƒ†‘‹••‹‘•ƒ†ƒŽŽ‹ˆ‘”ƒ–‹‘•Š‘—Ž†„‡ ƒ”‡ˆ—ŽŽ›˜‡”‹Ƥ‡†Ǥ *All measurements are approximate. PH: 604.263.2823 DIR: 604.559.5120 www.ClaireGroup.ca * *Personal Real Estate Corporation All Measurements Approximate. ROBERT THAM MARC SAUL RE/MAX Real Estate Services 632 Citadel Parade, Vancouver, BC, V6B 1X3 T 604.609.0882 F 604.609.0886 N410 - 650 W. 41st Ave. Vancouver, BC V5Z2M9 www.corbelcommercial.com Each offi ce independently owned and operated *Personal Real Estate Corporation A12 | LOWER MAINLAND WESTERNINVESTOR.COM | NOVEMBER 2017 Increasing supply fails to improve housing affordability FEATURE | The ability of median wage earners to afford a condominium has declined in the Metro Vancouver suburban markets that have recorded the highest multi-family housing starts

attractive to buyers, explained Mi- By FRANK O’BRIEN chael Ferreira, principal of Urban [email protected] Analytics Inc. But Avison Young principal Me- upply is said to be the solu- hdi Shokri recently announced an tion to affordable housing off-market purchase of 8.3 acres Sin Metro Vancouver, with across seven parcels near the a developer group urging mass Brentwood SkyTrain station for rezoning of single-family neigh- $155 million – the most expensive bourhoods to accommodate high- residential land transaction ever er-density residential. to occur in Burnaby. “What’s causing the supply Similarly, transit development in shortage is the restrictive single- the Tri-Cities has spurred interest family home neighbourhood zon- in older quarters of Port Coquit- ing on 85 per cent of our residential lam and Port Moody where policies land base. That keeps out young are being drafted to accommodate families, middle-income earn- higher-density housing. ers and renters, who can’t afford In Port Moody, where the ar- single-family homes,” said Anne rival of transit has boosted new McMullin, president and CEO of Brentwood development clustered near Burnaby’s Brentwood Town Centre SkyTrain station: more than 1,400 home construction, the typical the Urban Development Institute, condos have sold so far and another 3,600 are still to be built. | SUBMITTED condo apartment price is up 25.2 Pacific Region. per cent from a year ago to more “We need a regional first half of this year than in any per cent this year compared to International, a “well-connected than $600,000. Once inexpensive, housing strategy with more homes other Metro Vancouver munici- 2016, according to Canada Mort- transit system” is supporting de- Port Moody is now the fifth least for more people,” she added. “That pality, but condo affordability has gage and Housing Corp., but the veloper interest, particularly in affordable place to buy a condo in means more highrise apartments fallen by 7.8 per cent compared to a ability of buyers to afford a con- areas adjacent to existing town Metro Vancouver, according to along rapid transit corridors and year earlier, according to a survey dominium has fallen 18.4 per cent centre malls such as Brentwood . more townhomes, row homes by credit union Vancity. in the same period. and Lougheed, both of which are Based on a comparison of starts [and] multi-family low-rises.” The Vancity study compares the Coquitlam’s condo affordability zoned for high-density redevelop- and affordability, the ability to But recent studies show the re- change in percentage of median has plunged 20.8 per cent this year, ment projects. buy a home is waning fast, even verse is true: fewer people can household income required to despite posting the third-highest It’s not just more-affordable land as construction of new condos afford to buy condominiums in cover the cost of buying a con- number of multi-family starts in economics but also the kind of de- increases. ■ Metro areas that have seen the dominium apartment based on the region, up 35 per cent from velopment transit lines tend to at- With file from Peter Mitham, Business greatest increase in supply. current prices. 2016, to 941 units. tract that help make such projects in Vancouver Spurred by the extension of rapid Burnaby, which had the second- Port Coquitlam saw multi-family transit, Burnaby, Coquitlam, New highest strata starts, has seen con- starts rocket up 741 per cent in the Westminster and Surrey have seen dominium affordability plunge first half of 2017 compared to a MULTI-FAMILY STARTS AND HOUSING AFFORDABILITY explosive growth in strata pro- nearly 10 per cent. In the Brent- year earlier, but condo affordabil- Market Change in MF starts+ Change in affordability jects, but they all share something wood area where the most new ity fell by 15.5 per cent, based on the Burnaby +11% -10% else in common: as the residential condos are being built, the bench- Vancity data. Coquitlam +35% -20.8% towers ascend, housing afford- mark price of a resale condo is the Meanwhile, the lure of transit- Surrey +130% -8% ability has eroded. highest – and least affordable – in oriented higher density is driving New Westminster +54% - 8.4% In Surrey, more multi-family Burnaby, at $747,400. local residential land prices much homes – 2,390, mostly condo New Westminster has seen starts higher. SOURCE: VANCITY; CANADA MORTGAGE AND HOUSING CORP. +FIRST HALF OF 2017 COMPARED TO FIRST HALF OF 2016. apartments – were started in the of multi-family units increase 54 According to Colliers

Gordon Kleaman 604.779.6644 Personal Real Estate Corporation

COMMERCIAL AUTOMOBILE POTENTIAL 1365 Burnaby Street, Vancouver Silverdale Plaza, Mission 4 large commercial-sized lots (1.75 acres) that * NEW 15 acre development site on the corner could accommodate: $7,500,000 of Nelson Street and Lougheed Highway • auto dealerships • autobody / repair shop / auto detailing / car wash • larger ¶box· retail stores • gas station designated site FOOD AND RESTAURANTS MISSION • major branded grocery store • coffee shops • fast food outlets North Vancouver Development Site • casual restaurant / pub location • drive-thru restaurants Incredible 9-unit bldg in area of quickly appreciating condos. Completely upgraded throughout. 7 units are This condo site is in the middle of Lower Lonsdale. Potential 6 storey with views and within a few blocks RETAIL SHOPPING fully furnished from linens to cutlery. Premier property for the discerning investor. of Lonsdale Avenue. Total buildable of 46,800 sq.ft. • Designated retail strip of ground level storefronts, ideal for shoppers • clothing / footwear NEW Strata Duplex in North Vancouver • consumer goods • professional services A great opportunity to own a full duplex that has basement suites on both sides. Potential income for over • speciality shops $10,000 pe1r month. Asking price is $4 million. Great investment in LOWER LONSDALE!”

#101 - 2609 Westview Dr., North Vancouver, B.C. V7N 4M2 | 604.779.6644 | [email protected] | www.gordonkleaman.com NOVEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A13

“The Source” for Oceanfront, Lakefront, Islands, Ranches, Resorts & Land in BC www.landquest.com ® 604-664-7630 • 1-866-558-LAND (5263)

SOUTH SECRETARY ISLAND LEGENDARY C1 RANCH MANUFACTURED HOME PARK OR DEVELOPMENT INVESTMENT ON SOUTHERN GULF ISLANDS, BC ALEXIS CREEK, BC SUBDIVISION - DAWSON CREEK CITY DUTCH LAKE - CLEARWATER, BC RIVERFRONT WEEKENDER RETREAT

• DFUHSULYDWHLVODQGIW2DUFKLWHFW • DFGHHGHGDFXQGHUSLYRW • DFUHVVSHFL¿F]RQLQJIRU56 • /DQG8VHFRQWUDFWIRUEDUHODQG • DFUHVRIIRUHVWHGODQGRQWKH GHVLJQHGFHGDU JODVVORGJH • IWDLUVWULSVIKDQJDUVKRS • )UHHKROGRUSDGUHQWDOPDQXIDFWXUHG VWUDWDVLQJOHIDPLO\ORWVDFUHV 1DKDWODWFK5LYHUKUIURP9DQFRXYHU • +LNLQJWUDLOVVDQG\EHDFKJUDVV\SRLQWV • 7RSOLQHHTXLSPHQWH[FHSWLRQDOFDWWOHKHUG KRPHSDUNRUVPDOOORWVXEGLYLVLRQ • 0DJQL¿FHQWYLHZVRI'XWFK/DNH • =RQLQJDOORZVUHVLGHQFHV RXWEXLOGLQJV VKHOWHUHGFRYHVJRRGGRFNORFDWLRQV • KHDGUDQJHSHUPLWDFOHDVH • 0DLQOLQHVHUYLFLQJLQSODFHVRPHLQWHUQDO &OHDUZDWHU5LYHUDQGPRXQWDLQV • 2IIJULG VRODURUPLFURK\GURJHQHUDWLRQ  • =RQLQJDOORZVVLQJOHIDPLO\GZHOOLQJV • PLOHVIURQWDJHRQ&KLOFRWLQ5LYHU • 6HZHUZDWHUSRZHUSKRQHDQG • IHHWRIODNHIURQW • 0RVWO\OHYHOVORSHVXSWR&URZQODQG • 6XSHUELVODQGSDUDGLVHIRUOX[XU\HVWDWH • $13,000,000 plus market value of ,QWHUQHWFDEOH • $QH[FHSWLRQDOGHYHORSPHQWRSSRUWXQLW\ • 2XWVWDQGLQJRXWGRRUUHFUHDWLRQDO • :DWHUIURPGXJZHOOV $4,450,000 livestock, equipment, hay and silage • 6HOOHU¿QDQFLQJDYDLODEOH $400,000 • $600,000 RSSRUWXQLWLHV $259,000 RICH OSBORNE 604-664-7633 RICH OSBORNE 604-664-7633 JOHN ARMSTRONG 250-307-2100 JOHN ARMSTRONG 250-307-2100 ROB GREENE 604-830-2020 Personal Real Estate Corporation Personal Real Estate Corporation [email protected] [email protected] [email protected] BLUE DANUBE - HAIDA GWAII 1,307 ACRE OCEANFRONT INVESTMENT CHERRY POINT ESTATE WINES AFFORDABLE WATERFRONT TROPHY PROPERTY AND HOME WITH GRAHEM ISLAND, BC OPPORTUNITY - SUNSHINE COAST COBBLE HILL, BC ALBERNI INLET INCOME POTENTIAL

• DFUHVRIZLOGHUQHVVSURSHUW\ • DFUHVNPRFHDQIURQW • :HOOHVWDEOLVKHGDZDUGZLQQLQJDFUH • DFUHVIWZDWHUIURQW • 3,888 ft2IDPLO\KRPHZLWKEXVLQHVV • /RFDWHGZLWKLQ1DLNRRQ3URYLQFLDO3DUN • WLWOHVRIODQGIRUHVKRUHOLFHQFHV YLQH\DUG • 1RWDVWUDWDFRUSRUDWHVKDUHKROGHU RSSRUWXQLW\DFUHVRIULYHUIURQW • $UHDLVIDPRXVIRULWVVDOWZDWHUDQG • 58=RQLQJSHUPLWVDFUHPLQSDUFHOV • IW2KRPHFRPPHUFLDONLWFKHQ • *DWHGFRPPXQLW\KHDYLO\WUHHG • %DUQVWRUDJHVKHGORJJD]HER IUHVKZDWHU¿VKLQJRSSRUWXQLWLHV • 6LJQL¿FDQWWLPEHUFRPSRQHQW VHDWELVWURZLWKOLTXRUOLFHQFHZLQHVKRS • 5RDGDFFHVVPLQWR3RUW$OEHUQL JDUGHQVJUHHQKRXVHVKRSPLOOVKHG • $EXQGDQWTXDQWLWLHVRIZLOGOLIH • 1H[WGRRUWR:RUOG)DPRXV0DOLEX • (YHQWSDYLOLRQZDUHKRXVHSURFHVVLQJ • MRLQHGUHVLGHQFHV •

• 2QFHLQDOLIHWLPHRSSRUWXQLW\ • %HDXWLIXOORJKRPHUHVLGHQFHRI¿FH • DFUHSULPHZHVWIDFLQJZDWHUIURQW • *HQHURXVDFUHXQGHYHORSHGORW • $WRWDORIDFUHV WLWOHV • XQLTXHKRPHVLQDQDPD]LQJULYHUIURQW • 59VLWHVFDELQVSOH[FRQGR • $SSUR[IWJUDYHO\VKRUHOLQH • $EXQGDQWO\WUHHGIRUSULYDF\ • $GMDFHQWWR&URZQODQG HFRWRXULVPRXWGRRUHQWKXVLDVWORFDWLRQ • DFUHVZLWKIWRISULPHVDQG\ • OX[XULRXVEGUPEDWKFRWWDJHV • /HVVWKDQEORFNVWRODNHDFFHVV • 3ULYDWHVHWWLQJZLWKVWXQQLQJVFHQHU\ • 6XUURXQGHGE\IUHVKZDWHUH[FHOOHQW JUDYHO\EHDFKDQGFU\VWDOFOHDUZDWHU • UXVWLFORJFDELQVIW2PDQDJHU¶V • :HOOFDUHGIRUIHQFHGSURSHUW\QH[WGRRU • 3ULPHORFDWLRQIRURXWGRRUUHFUHDWLRQ ULYHU¿VKLQJKXQWLQJ PRXQWDLQYLHZV • 3DUNOLNHWUHHGSURSHUW\VZHHSLQJYLHZV UHVLGHQFHIXOO\VHUYLFHG59VLWHV • $OO\HDUURXQGUHFUHDWLRQ • KRXUVIURP:LOOLDPV/DNH • 6WXQQLQJDFUHSURSHUW\VWUDGGOHV • *UHDWERDWLQJ¿VKLQJRQPDMHVWLFODNH DPSZDWHU SRZHURQO\59VLWHV • PLQVIURP+:<VKRSSLQJ • $311,000 %HOOD&RROD5LYHU $549,000 • $1,399,000 • 6HYHUDOWHQWVLWHV $1,690,000 PLQVWR0LOH+RXVH $34,900 FAWN GUNDERSON 250-982-2314 MARTIN SCHERRER 250-706-9462 MARTIN SCHERRER 250-706-9462 WENDY PATTEN 250-706-9776 LIAM REIFEL 604-655-9370 [email protected] [email protected] [email protected] [email protected] [email protected] LARGE HOME ON ACREAGE 22 ACRE LAKEFRONT PROPERTY BUTE ISLAND LOWBANK OCEANFRONT ACREAGES AGRICULTURAL ACREAGE WITH CREEK 100 MILE HOUSE, BC KALUM LAKE - TERRACE, BC INSIDE LADYSMITH HARBOUR GALIANO ISLAND, BC FRONTAGE - ARMSTRONG, BC

• 3ULPHSURSHUW\DQGKRPHRQRXWVNLUWVRI • Over a ¼ mile of lake frontage • DFUHQDWXUDOSULYDWHLVODQG • 7KUHHDFUHVDGMDFHQWORZEDQN • DFUHVZRXOGPDNHDQH[FHOOHQW 0LOH+RXVH • 1,328 ft2EGUPEDWKKRPHZLWKRI¿FH • 6HYHUDOEHDFKHV ODUJHGRFN RFHDQIURQWDFUHDJHVXSODQG VPDOOKD\UDQFKRUHTXHVWULDQHVWDWH 584 acres in 9 titles • DFUHSURSHUW\ZLWKRIWKHODQG • FDPSVLWHV59VWRUDJHXQLWV  • 1HDU/DG\VPLWKRQ9DQFRXYHU,VODQG • 2XWVWDQGLQJYLHZVDFURVV6WUDLWRI • 0LQVIURP$UPVWURQJ PLQWR9HUQRQ 18 hole CPGA golf course FRYHUHGLQ¿UWLPEHU URRPWREXLOGPRUH • 9DULHW\RIQDWLYHSODQWVÀRZHUV WUHHV *HRUJLDWR&RDVW0RXQWDLQV • *HQWO\VORSLQJVRXWKZHVWHUO\H[SRVXUH 42 modernized bedrooms • 0DQ\RXWEXLOGLQJVDQGDULGLQJSDGGRFN • *UHDWLQYHVWPHQWIRUWKRVHZKRHQMR\ • 3RVVLEOHEXLOGLQJVLWHVZLWK6:H[SRVXUH • 3ULYDWHWUHHGNPIURPVDQG\EHDFKHV • )RUPHUO\SODQWHGLQDOIDOIDZDWHUOLFHQFHV Licensed restaurant 80 + 80 seats • 4,010 ft2UHVLGHQFHKDVUHFHQWO\KDG EXVLQHVV DGYHQWXUHDWWKHVDPHWLPH • :DWHUOLFHQFH IRUHVKRUHOHDVH • 'ULOOHGZHOOVDSSURYHGVHSWLFV\VWHPV • [IWHTXLSPHQWVKHG3KDVH Development opportunities PDQ\XSJUDGHV $530,000 • $849,000 • $795,000 • Prices from $179,000 - $715,000 SRZHU $789,000 $3,490,000 MARK TURNER 604-768-9899 MARK TURNER 604-768-9899 DAVE COCHLAN 604-319-1500 DAVE COCHLAN 604-319-1500 SAM HODSON 604-694-7623 [email protected] [email protected] [email protected] [email protected] Personal Real Estate Corporation WELL-PRICED LAKEFRONT SERVICED BUILDING LOT FOR TROPHY HOME WITH LOG HOME VINEYARD ACREAGE OPPORTUNITY ACE HIGH RESORT NICOLA LAKE, BC RECREATIONAL CABIN TA TA CREEK, BC LILLOOET, BC WATCH LAKE

• :HOOSULFHGDFUHORWRQ1LFROD/DNH • 8SSHU$UURZ/DNHFRUQHUORWTXLHWRII • 6WXQQLQJUDQFKSURSHUW\ • DFUHSULPHYLQH\DUGSURSHUW\ • DFUHV“IHHWRIORZEDQN • 1LFHODNHVKRUHPRUHWUHHVWKDQDOPRVW WKHEHDWHQWUDFNORFDWLRQ • ([SDQVLYHYLHZVRIWKH5RFN\0RXQWDLQV • $FURVVWKHURDGIURPWKHWKULYLQJ)RUW ZDWHUIURQWRQ:DWFK/DNH HYHU\RWKHUORW1LFROD/DNHLVNQRZQIRU • /RWGLPHQVLRQVDUH[IW • DFUHVLQFOXGLQJFXOWLYDWHGDFUHV %HUHQV(VWDWH:LQHU\ • ORJFDELQVVWRUHVKRZHUKRXVHODXQGU\ JUHDW¿VKLQJ ZDWHUVSRUWV • 3RZHUZDWHUVHZHUSKRQHLQSODFH • 5XQQLQJFUHHN RYHUDNPRI.RRWHQD\ • 6HH\HDUFOLPDWH IHDVLELOLW\VWXG\ • 59UHQWDOSDGV • %XLOG\RXUGUHDPKRPHRUVXPPHU • &RPPRQERDWODXQFK ODNHVWHSVDZD\ 5LYHUIURQWDJH SUHSDUHGE\%&*UDSH*URZHUV¶$VV¶Q • 0RELOHKRPHIRURZQHU¶VUHVLGHQFH JHWDZD\RQO\KRXUVIURP9DQFRXYHU • 0RXQWDLQYLHZV • ([TXLVLWHIW2 log home • $699,000 • 'RFN UHQWDOERDWVRQVXSHUE¿VKLQJODNH • NO GST PAYABLE $399,000 • $65,000 • $2,850,000 • $QQXDOO\UHWXUQLQJJXHVWV $595,000 SAM HODSON 604-694-7623 MATT CAMERON 250-200-1199 MATT CAMERON 250-200-1199 ROBBI-LAYNE ROBERTSON ROBBI-LAYNE ROBERTSON Personal Real Estate Corporation [email protected] [email protected] 604-351-9417 [email protected] 604-351-9417 [email protected] A14 | LOWER MAINLAND WESTERNINVESTOR.COM | NOVEMBER 2017 Five top towns for real estate investors through 2018 FEATURE | Western Investor’s annual take on where to place your real estate investments in Western Canada over the next year

past few years into a $1.3 billion Kelowna residential and com- By FRANK O’BRIEN industry that involves more than mercial real estate opportunities & TANYA COMMISSO 200 companies. in the B section of this paper. Investment play: [email protected] With one of the most temperate Land assembly climates in Canada and a fertile of detached lots near downtown, landbase, a rich array of ski re- courtesy of a January zoning sorts, vineyards within city limits change that encourages higher No. 1: Kelowna and lakeside attractions, Kelowna density. Also retail property, par- is a major tourism destination, ticularly for developers of badly The largest city – 127,800 resi- as well as a beacon for new resi- needed new retail space in the dents – between Metro Vancou- dents – many from the Vancouver downtown zone. ver and Calgary, Kelowna is the area – drawn by it’s recreational dominant trading centre for the amenities and relatively afford- Okanagan Valley, B.C.’s third able housing. No. 2: Surrey most populous region. Together Here is a clue to what is hap- with neighbouring Vernon, West pening: more new homes were Vancouver’s booming suburb to Kelowna, Peachland and Lake started in Kelowna this year than the southwest won’t be a sub- Country, the greater Kelowna in any area outside of the Lower urb for much longer. Within the area has a population of 256,216, Mainland, including Greater Vic- next decade Surrey will overtake up 7.4 per cent from 2011. It also toria, which has three times the Vancouver as B.C.’s largest city. has a blossoming high-tech sec- population of Kelowna. Around 10,000 new residents Surrey: B.C.’s fastest-growing city will find an extra gear in 2018 tor, which has rocketed in the We carry a full report on the move to Surrey each year, and as job-generating commercial developments complete in its new the entire South Fraser region downtown. | SUBMITTED – which includes Langley and Abbotsford – is projected to ab- has a rural flavour on the Langley sorb 70 per cent of the entire re- border. And then there is Surrey’s No. 3: Saskatoon gion’s population growth over the new downtown, Surrey City Cen- Saskatchewan’s commercial next 25 years. tre, where the 52-storey 3 Civic capital entered 2017 plagued by A key point: Surrey has a higher Plaza hotel and condo tower a prolonged period of historic- percentage of people aged 10 to completes this year, and an eight- ally low commodity prices and 24 than the provincial average. building medical-technology of- slumping real estate. But that has Surrey is also home to one in four fice hub is under construction, changed fairly quickly. A Saska- Metro Vancouverites under the along with multi-family condo- toon economic report published age of 19. minium projects. by the Real Estate Investment South Surrey-White Rock is Investment play: Multi-family Network said Saskatchewan’s lar- separated by farmland from the rental apartments and rental gest city has managed to rebound rest of the city, and is a focus condominiums. Based on re- from a market downturn thanks for new single-family homes cent sales, the average cost per to a recovering energy market and and townhouse construction. door for a Surrey rental apart- burgeoning real estate activity. Newton is the heart of Surrey’s ment building is $171,000, at The oil recession caused a South Asian community, while least $50,000 below the Greater slight, 1 per cent decrease in Guildford and Fleetwood are Vancouver average, yet the rental Saskatoon’s GDP during 2016, Kelowna: the biggest city in B.C.’s Okanagan is also our No. 1 pick more traditionally suburban in vacancy rate and rental rates are according to Royal Bank (RBC). for real estate investors in 2018. | SUBMITTED character. Cloverdale to the west similar.

SHAUGHNESSY DEVELOPMENT SITES LARGE RETAIL BUILDING IN ■ We have a large selection of houses on CORDATA CENTRE - BELLINGHAM, WA large lots from 10,000 sqft to 40,000 sqft ■ in 1st Shaughnessy & 2nd Shaughnessy 4260 Cordata Parkway, Bellingham 14,973 sqft retail building in fast growing Cordata ranging in price from $6M to $33M Neighbourhood ■ 33,000 sf lot with 9000 sf house, can add ■ 12 Retail Commercial Units in Strip Mall plus DOMINIC FUNG two infi lls + seller may take VTB for 50% of Sales, Management, an Expansion possibility for 27 Residential Project Marketing [email protected] the list price, potential profi t $6-8M new Studio Apartments. 604604-729-3117-729-3117 www.shaughnessyproperties.com $12.3M $3.995M USD TRUCK RENTAL / MOVING BUSINESS LANGLEY LAND ASSEMBLY COMMERCIAL PROPERTIES FOR SALE ■ ■ Downtown location near Main & Terminal 21427 83rd Ave, 1.51A lot with 4200 sf home & huge garage/storage. Currently • CHINATOWN HA-1A DEVELOPMENT SITE ■ Est. 1999, 30 trucks, 12,000 sf leased property at $8K/yr, sales $850K/yr zoned for SR-2 Highway Commercial, pty on Approx. 6075 SF at corner of Georgia St. and Gore St. Existing 36 ■ Dysco 295 Terminal Ave, Vancouver $660K west side may also be available. $3.199M rooming house and Chinese herbal store. Booming area for new LA PAZ MEXICO DEVELOPMENT SITE GIBSONS DEVELOPMENT SITE development. Asking $13.6 Million ■ ■ 71 Acre development site overlooking 895 Gibsons Way, Cedars in Hotel and Downtown La Paz and Costa Baja Marina Convention Centre on a 62,000 sf lot • MOBILE HOME PARK ■ www.6717000.com/lapaz $4M USD 909 Gibsons Way, Gibsons Cinema, 63071 Flood Hope Rd., Hope - with 31 pads, 2 homes, 4.9 acres land 30,000 sf lot LD ■ and near city centre. PricedSSOLD to Osell $1.425 Million SQUAMISH DEVELOPMENT SITE Total land size 92,000 sf $7.5M ■ 166 Acres, in 2 phases, 10 minutes North CAMBIE CORRIDOR • VERNON COMMERCIAL of Squamish, left at Alice lake turn off. 6365 Highway 97, Vernon. Land 1.48 acres. Building around 15 yrs. old ■ Phase one (Lower Lands) 104 acres, DEVELOPMENT SITES approved for 82 lots. Project has an ■ We have two assignments available, FSR and approx. 8000 SF include showroom and service bays. Stable tenant equestrian theme. SELLER SAYS SELL! 2-2.55 either T/H’s or 6 storey buildings & potential. $2.5 Million www.6717000.com/squamish $16M ■ Call for more details. • OCEAN FRONT RETAIL LES TWAROG (604) 671-7000 14985 Marine Dr., White Rock, B.C. with one storey building and 4499 SF. land. Zone CR-3. Potential for Commercial and Residential 1428 W 7th Ave. Vancouver, B.C. To view listings please visit: Development. Priced to sell Reduced $2.65 Million CrestCre Realty (Westside)(W WWW.6717000.com/biz NOVEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A15

half of 2017 increased 24 per cent from a year earlier to more than $1 billion. Calgary’s industrial vacancy rate is projected to fall from the current 7 per cent to 6.1 per cent by 2018, fuelled by demand for distribution space. The retail va- cancy rate dropped to 2.9 per cent in the third quarter, with most of the recovery in suburban malls. And the multi-family market is also tracking up. Bob Dhillon, founder and CEO of Mainstreet Equity Corp., Calgary’s biggest landlord who specializes in mid- level rentals, said rents appeared Saskatoon has shaken off its recent downturn due to a recovering to have hit bottom. Lethbridge did not suffer much during the Alberta downturn and its energy market and burgeoning real estate activity. | SUBMITTED “Every indicator is showing diversified economy is well placed to reward commercial real estate that things have bottomed and investors in 2018. | SUBMITTED However, Saskatoon’s GDP is ex- in three decades is now squarely bounced off the bottom,” Dhil- pected to increase 1.8 per cent in in the rear-view mirror,” the Al- lon said. cent and no new space was added Phase 2 is set to be completed by 2017 and 2.3 per cent in 2018, RBC berta Treasury Branches (ATB) Investment play: Multi-family this year. Southwest lease rates 2019 and has a budget of nearly forecasts. noted in its Alberta Economic rentals and well-placed retail. In are in a landlord-friendly range $110 million. Building permits The fundamentals of the city’s Outlook, released in August. ATB the first six months of this year, of $20 to $55 per square foot. across the city totalled nearly $1 economy are strong. Saskatoon is forecasting real GDP growth of 16 of the 22 apartment buildings billion over the last five years, had Canada’s third-fastest grow- 3.2 per cent this year, followed by that sold went for an average of and industrial and agricultural ing population of any metropol- a still-healthy expansion of 2.1 $114,600 per door, the lowest No. 5: Lethbridge land in North Lethbridge is seeing itan centre, after Edmonton and per cent in 2018. price of any major Canadian city. a sizable piece of the action. Calgary, growing 12.5 per cent Altus Group reports that total In retail, look for opportunities Confidence in Lethbridge’s Investment play: While Leth- between 2011 and 2016. And as commercial real estate invest- in the southwest suburbs, where commercial real estate market brige’s office and retail markets the headquarters of uranium ments in Calgary in the second the retail vacancy rate is 1.7 per is strong, with the city recent- are currently the city’s best-per- giant Cameco and PotashCorp, ly ranked by Avison Young as forming sectors, industrial real the city is well positioned to feel Alberta’s strongest municipal estate may take the lead in 2018. the tailwinds of the next com- economy for 2017. The Canadian Industrial vacancy rates rose modity supercycle. Federation of Independent Busi- slightly to 6.2 per cent in 2016, Investment play: Retail invest- ness’ latest Top Entrepreneurial but the rate declined to 4.4 per ments near the River Landing Cities Report placed Lethbridge cent this year and should remain District, where a $300 million 18th out of 121 centres. relatively tight in 2018. North development is underway along More than 92,000 residents call Lethbridge appears the best bet the South Saskatchewan River. Lethbridge home and the city has for both commercial and indus- seen population growth of 10.8 trial investments. ■ per cent since 2011. Expansion No. 4: Calgary projects are drawing new resi- dents to the area. The City of TOP 5 FOR 2018 Calgary continues to feel the Lethbridge has invested in the 1 – Kelowna pain of low oil prices, but 2018 development of the Crossings, will be a turnaround year for real 60 acres of mixed-use land in 2 – Surrey estate in Alberta’s biggest and West Lethbridge hosting large 3 – Saskatoon most-watched city. retail footprints. The city re- “There is little question that Al- cently spent more than $41 mil- 4 – Calgary berta’s economy has rounded the Calgary continues to feel the pain of low oil prices, but 2018 will be a lion on construction of Phase 1 of 5 – Lethbridge corner and the worst recession turnaround year in Alberta’s biggest and most-watched city. | SUBMITTED the Crossings Leisure Complex.

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to upgrade the clubhouse and the golf course. He said the company By WI STAFF The signature 14th hole at Furry Creek on the Sea-to-Sky Highway near Squamish. | SUBMITTED is also considering developing [email protected] a mixture of approximately 250 Caleb and Tom Chan, who are who was at the meeting said sea- a season, plus extra weeks of work townhomes and low-rise apart- well-known real estate develop- sonal employees will be able to if we wanted.” he sale of the Furry Creek ments on the waterfront. ers in Metro Vancouver, own the continue working on the course She added that a Fine Peace Golf & Country Club closed According to BC Assessment, Burrard Group. until December. The season runs spokesperson has told her that on October 10, as China- current townhouses in the area T There was concern among some from March to October, so this is current employees will be given backed Fine Peace Canada Hold- were assessed last July at an aver- Furry Creek workers about their actually an extension. first priority when work begins in ings Ltd. bought the 18-hole course age of more than $1.3 million. employment. “I am happy with this,” said em- March. “[They’ve] already prom- and related lands from the Burrard “There was also a marina in the At a recent meeting, a repre- ployee Patricia McDowell. “When ised me a job,” said McDowell. Group, which has been operating original plans for Furry Creek sentative from Fine Peace is said we talked to one of the four new She noted that the representative Furry Creek for some years under [in the 1980s],” Geller said, add- to have told workers that business owners, he explained to us that it said, “anyone who wants to come GolfBC Holdings Inc. ing it could be among upcoming will go on as usual. was just going to be a continuation back can come back.”■ Michael Geller, of Geller and As- discussions with the Squamish- A grounds maintenance worker of what we would normally do for – With files from the Squamish Chief sociates, the Vancouver property Lillooet Regional District. Future developer and consultant who plans could also include a resort helped stickhandle the deal for hotel, Geller said. Fine Peace, confirmed the sale but Journalist Bob Mackin, who Valemount ski resort won’t open until 2020 would not disclose the amount provides research to Western In- The provincial government approved construction of a new $100 million skiing that Fine Peace paid. vestor, reported on The Breaker destination near Valemount, B.C., last year, but it will be another three years The course is on 152 acres, as- that the three officers of Fine before Valemount Glacier Destinations Ltd. welcomes its first skiers. sessed at $3.63 million last July 1. Peace Furry Creek Holdings Ltd. The glacier resort will feature some impressive viewpoints, according to a The 15.54 acres of vacant water- are Liang Kaiwen, Wen Musong Valemount Glacier Destinations press release. A lift will take sightseers and front land is assessed at $11 million. and Zhong Shan. skiers to Mount Pierre Elliott Trudeau, Twilight Glacier and McLennan Glacier. Fine Peace is a subsidiary of All three reported Nanning, “This location opens lift access to one of the best snow zones and reliable China-based Gentle Group, a Guangxi, China addresses to the climates for snow sports on the continent,” said resort designer Tommaso noted developer of residential- B.C. corporate registry, according Oberti of Oberti Resort Design. “It will be a true multi-peak experience sur- heavy golf resorts in China. Fine to Mackin. The addresses are close rounded by stunning glaciers.” Peace Canada was incorporated to a Gentle Group golf resort. “Construction is planned to start next summer and will continue for two years before the project will open,” on September 25 in Canada and Before being bought by the Bur- Oberti, who is also vice-president of Pheidias Group, stated in an email to Western Investor. “We are currently was first registered as Fine Peace rard Group, Furry Creek was de- working on detailed design and pre-construction planning.” Holdings Ltd. in Hong Kong one veloped by Tanac Development The entire site will be completed within a 15- to 20-year period over three phases. The resort will have a total of year ago. Canada, a subsidiary of the Tanabe 1,997 commercial and residential bed units at completion, according to the Valemount press release. Geller said the new owners intend Corp. of Japan.

15791 MARINE DRIVE IN BEAUTIFUL WHITE ROCK – ONLY $3,388,000 CHILLIWACK AVIATION PARK - UNITS FOR SALE 8,000 SQ/FT BUILDING – HIGH EXPOSURE 8250 SQ/FT CORNER LOT BUILDING “C” IN CONSTRUCTION SIX CUBE HANGARS EIGHT AIRCRAFT PARKING LOTS SPECIFICATIONS RARE FIND on Marine Drive in beautiful White Rock! Prime high exposure 8250 Three sizes Four sizes - 65’x44’ - 60’x44’ • 17’ High Ceiling sq/ft corner lot. Loads of parking close by. Incredible property with ocean view. • 65’X44’ - 60’X44’ - 55’X44’ - 55’x44’ - 50’x44’ • 45’x15’.6” to 55’x15’.6” Steps to the beach. Across from Semiahmoo Park. CR-4 ZONING - Potential to Bi-fold doors with openers build a new 4 storey building with commercial/residential mix. Existing approx • Rough in plumbing for toilet and sink 8000 sq/ft commercial/residential building with parking in the back. Two commer- • Man Door to each unit cial tenants – a craft store and LaBai Restaurant, award-winning Italian restaurant • Gas and Hydro for 30 years (available with purchase). 7 apartment suites on top fl oor. Excellent • Ample parking & CAP rate potential. Fantastic upside. A great property to add to your portfolio. Do washroom facili es

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VANCOUVER OFFICE DOWNTOWN OFFICE NORTH RICHMOND OFFICE INDUSTRIAL STRATA BURNABY OFFICE FREESTANDING BUILDING 734 550 W BROADWAY, VANCOUVER 242 515 W PENDER, VANCOUVER 220 12611 VULCAN WAY, RMD. 13 34100 S FRASER WAY, ABBOTSFORD 203 4885 KINGSWAY, BURNABY 1956 60 VERNON STREET, LUMBY

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$939,900 $1,550,000 $3,000,000 $5,238,000 $5,338,800  VHFRQG иRRU VWUDWD RIзFH XQLWV Prime 2 lot subdivision in Ladner’s 13,455 sq.ft. lot, 82 feet of frontage Prime land assembly opportunity in Outstanding investment opportuni- combined to total 639 sq.ft in “The popular Hawthorne neighbourhood. and 164 feet of depth, this Multi- stunning location just steps to Ladner ty here! 4.59 Acre rectangular par- Newmark”. PRIME Metrotown location 11,930 sqft corner lot with 3rd reading Family Zoned property is slated Village. Inquire at city hall for zoning cel in prime location across from with outstanding proximity to all local approval for 2 single family lots. for High-Density Multi-Family details. OCP designated ground- DPHQLWLHV$LUFRQGLWLRQHGXQLWFRQзJXUHG Preliminary plans available upon Residential according to the oriented residential. Possibility for industrial zoned properties. Easy ZLWKPXOWLSOHLQGLYLGXDORIзFHVUHFHSWLRQ request. Excellent location close to Official Community Plan. Excellent townhomes and maybe condos. Total access to highways and bridges area and kitchenette. Current use is elementary school and surrounded by rental income opportunity and combined site exceeds 28,000 sqft. into Vancouver. ODZ\HUDFFRXQWDQWRIзFH6XLWHLQFOXGHV other newly built homes. Inquire for re-development potential! parking stalls and 2 storage lockers more details. PRIME OKANAGAN WATERFRONT PRIME FARM LAND PRIME TSAWWASSEN LAND HIGH EXPOSURE LOCATION PARCEL ON CAMBIE CORRIDOR LOT A, KALEDEN, BC 2447 56 ST STREET, DELTA 300 COPSEFIELD DRIVE, TSAWWASSEN HIGHWAY 99 LOT 1, DELTA 421W 59TH AVE, VANCOUVER

$5,888,800 $5,998,800 $6,888,800 $6,888,000 $7,388,800 One of the last undeveloped trophy Stunning acreage opportunity in a prime 5.6 acre property, previously master 3ULPHIDUPODQGLQKLJKSURзOHORFD- INVESTOR/DEVELOPER ALERT!!! lakefront properties in the Okanagan. South Delta location perfectly positioned planned as a 30+ home development tion. 28.59 acre parcel near George Rarely available CAMBIE CORRIDOR A rare opportunity to own a private near new Tsawwassen Shopping site, this unique offering is waiting Massey Tunnel. ALR designated A1 prime redevelopment lot adjacent to Centres! This 24.75 acre parcel features for the right buyer to see the vision Langara Golf Course and Winona Park. 4.8-acre estate on breathtaking Skaha zoning. an 8 year old established blueberry crop through. Excellent holding property that This parcel measures 50’ x 120’ and Lake in Kaleden in the heart of British is adjacent to the future Southlands is part of a multi-home assembly with Columbia’s thriving Okanagan Valley yielding approx. 300,000 lbs of Lexi Duke and Blue per annum in addition to VLWH

$7,998,800 $7,998,800 $11,500,000 $12,998,800 $16,888,800 Invest in Delta! Extremely rare op- Excellent opportunity here!!! 5.13 acre NEAR INDUSTRIAL COORRIDOR 90 acre parcel in ALR in excellent 35 acre parcel with rezoning and portunity in Delta! 21.44 acre I1 - parcel with mature blueberry farm in Strategically located adjacent to BC location on King George Blvd at re-development potential close to INDUSTRIAL zoned parcel in highly highly sought after Richmond location. railway and Delta Port Highway, and Highway 99 intersection. other master-planned residential Build your dream mansion on this palatial strategic location! Close to George near new industrial park developments developments. Excellent proximity estate property. Plans for 11,000+ cus- at TFN. Property currently used as an Massey Tunnel, Hwy 17 and 17a tom residence available upon request. equestrian centre with indoor riding ring, to Hwy 1 and Hwy 15 (176 Street) and Hwy 99. Exceptional location just minutes from outdoor arena, round pen, and 3 live- and countless amenities. Vancouver and countless amenities. able homes. 604.728.2845 www.fraserelliottgroup.com RE/MAX® Progroup Realty 5360 12th Ave, Delta, BC V4M 2B3 *Based on Greater Vancouver Real Estate Board Statistics total MLS sales. **For total residential and commercial commissions combined of all RE/MAX sales associates in Canada to date - Jan 1 to Sept 19 2016. A18 | LOWER MAINLAND | SERVICES WESTERNINVESTOR.COM | NOVEMBER 2017 Developer finds massive Passive towers a challenge FEATURE | World’s tallest Passive House highrise will demand imported materials and a steep learning curve but should deliver the most energy-saving residential towers that Vancouver has ever seen

said. “While they are more com- By FRANK O’BRIEN plicated to build, we are looking [email protected] forward to being pioneers and cre- ating prototypes for a lot of equip- t will be a challenge to build the ment that doesn’t yet exist. We world’s tallest Passive House believe we can be leaders in zero- Ihighrises, admits developer emission building development Kevin Cheung who has submitted and design and pave the way for a rezoning bid for two such towers other projects like this in future.” – each more than 40 storeys – in Vancouver’s West End. Developed in Germany, the More costly Passive House Institute requires a rigorous building standard that To build to Vancouver’s city zero- significantly improves energy ef- emission bylaw alone adds an esti- ficiency, with up to a 90 per cent mated $10,000 to the average cost reduction in energy use. Theor- of a new high-rise condo, accord- etically, the standard can be ap- ing to Anne McMullin, president plied to any building type, but in and CEO of the Urban Develop- Canada it has so far been restricted Kevin Cheung, CEO of Landa Global Properties: West End towers will be the tallest Passive House structures in ment Institute (UDI), Pacific Re- to detached houses and low-rise the world and will require cutting-edge technology to deliver super energy savings | SUBMITTED gion. It is expected that building buildings. condo towers to the Passive House Currently, the world’s tall- “There are challenges in this As befits the Passive standard, These types of standard would cost even more, at est Passive House building is a new territory,” Cheung said, as the towers would have substan- buildings are the future, least initially. 31-storey residential tower in Bil- it relates to building a highrise to tially fewer windows than a and we want to be at Currently, according to the UDI, bao, Spain. airtight Passive standards. But conventional Vancouver condo the selling price of a new high- But if the rezoning is success- Cheung said the towers – designed tower, perhaps up to 30 per cent the cutting edge of that rise condominium in downtown ful, Landa Global Properties and by New York-based Robert A.M. less glazing. The Passive-standard shift Vancouver ranges from $1,500 to Asia Standard Americas (ASA) will Stern Architects with Vancouver’s insulation levels also require much $2,500 per square foot. build two condominium towers MCM Partnership – uniquely fit thicker walls, which Cheung said KEVIN CHEUNG, CEO, LANDA Landa’s rezoning application ap- of 43 storeys and 48 storeys to Vancouver, which is aiming to would reduce the amount of living GLOBAL PROPERTIES pears to be on the fast track, how- Passive House standards at 1400 have all new buildings produce space in the tower condos. ever, based on the city’s reaction to Alberni Street on the site of an old zero emissions by 2030 as it vies Cheung was uncertain whether its Passive House proposal. 128-unit apartment building and to become the greenest city on the the towers would have concrete “The city is excited to see in- an adjacent office building that planet. balconies, which allow some heat dustry leaders like Landa Global Landa and ASA bought for $160 Cheung said some building to escape from a building and are Properties and Asia Standard take million in 2016. materials, including high-per- discouraged under the City of Van- some” form of ground source heat on such an innovative project,” Cheung, CEO of Landa, said the formance windows and special in- couver zero-emissions bylaw that pump may be used. The towers said Gil Kelley, general man- towers would be the first Passive sulation, would initially have to be came into effect for all new build- would also require mechanical ager of planning, urban design Houses the company has ever imported from Europe, and local ings on May 1. ventilation, which, he suggested, and sustainability for the City of built, though it is currently com- construction workers would likely The new towers will not be may exhaust into a central stor- Vancouver. pleting three traditional condo require training in Passive House equipped for conventional nat- age stack. Cheung expects to receive city towers in Metro Vancouver, and building techniques. “There will ural gas heating – which is out- “These types of buildings are the approvals within 18 months and is an active developer in Shanghai, be some extra costs involved,” he lawed under the city’s new bylaw future, and we want to be at the for the world’s tallest Passive China. said. – Cheung said, suggesting that cutting edge of that shift,” Cheung House towers to open in 2022. ■

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ricktoor.com Rick Toor [email protected] Offi ce: 604-795-2955 Personal Real Estate Corporation GLENAYRE REALTY Cell: 604-897-0260 CHILLIWACK

Development Opportunities Multi Family Buildings PPricerice RReducededuced 1725 Lindell Ave. Approx. 1 Acre of development potential land in Beautiful Cultus Lake. G $1,799,000 NDIN Rick Toor PPENDINGE

7236 Pioneer Avenue, Agassiz 45944 Yale Road West $989,000 35,874 Sq. Ft. of land available • 2 commercial + 6 apartments for development • NOI $58,000 +/- now 100% occupied G Rick Toor DIN Located in downtown Chilliwack N Would be excellent for a hotel project! 37113 North Parallel Road, PPENDINGE $1.85 Million Abbotsford Rick Toor Purposed Sumas Business Park development. LD Approximately 30 Acres that can be leased as SSOLDO a whole or in smaller acreages. Portion of the 5550 Dieppe Street site has plans for over 240 truck parking spots. 45459 Stevenson Rd., Chilliwack 9.6 Acres of prime development A prime location that fronts the North Parallel $1,800,000 Road and the #1 Highway in Abbottsford, land in Chilliwack including 19,689 • 5 acres with home located right across BC. 1 minute from the Whatcom Road, #1 sq.ft. building site is zoned mix use/ from Sardis Secondary Purposed uses include Truck Park, Truck commercial residential located next • Approx. 3.7 acres are in ALR zoned Sales and Service, Tire Sales, Food Service, NG to university of Fraser Valley and agricultural low land. 1.3 acres that are ‘not’ Fuel Station, Warehouses and more! DI in ALR zoned RR (rural residential) property EN Garrison Crossing. Asking price $23 may have development potential in the near $1.25/sq.ft. PPENDING Million. future. Call now for more information. Rick Toor • Buy now & hold for watch your money grow. Rick Toor Rick Toor Commercial Investment

SSOLDOLD SSOLDOLD

3088 272nd Street, 45805 Cartmell Rd. Langley $599,900 5,640 Sq. Ft. property with M4 zoning. M4 #200-8705 Young Road., Chilliwack $2.48 million Zoning permits the following: warehouse, 3690 Towline Road, Abbotsford Retail/ Restaurant space available for sale located on Young Road Bank anchored commercial building light manufacturing, services, industrial, Perfect opportunity to 1,420 Sq. Ft. @ $724,200.00 in Chilliwack with a very high traffi c count and easy visibility. This with long term leases in place. food processing, general manufacturing, recourse use, heavy industry, accessory open your business unit has a been a restaurant business for over 5 years and would Tenants include CIBC bank, Sushi 1,655 Sq. Ft. @ $844,050.00 offi ce & sales, open storage, convenience and own a strata unit suit another restaurant business or a medical or offi ce user as Restaurant, Hair Salon and 100% commercial, accessory dwelling unit, off 1,379 Sq. Ft. @ $703,290.00 well. Patio area available for you to use. $750,000.00 Leased Space.Call now for details. street parking/lading. in popular Gian’s Rick Toor Rick Toor Rick Toor Business Center. Rick Toor Business For Sale

Pizza Restaurant Business for sale Business with Property 11064 Olson Road, Surrey Well know Pizza business for sale, also sells pastas, burgers and Chilliwack Established roll off bin service, waste removal, new construction, has a liquor license. Patio seating is available, building is also Restaurant with high end fi nishings, all equipment, and décor etc... Servicing the Lower Mainland area & recently expanded available for sale. Call for more information. into the Fraser Valley. Repeat clientele & growing. Includes: 3 included with the business and building. Located downtown trucks + 33 bins. Profi table turnkey operation, tons of room for 99,000.00 Chilliwack. $1,499,000. expansion. $329,000. Rick Toor Rick Toor Rick Toor A20 | LOWER MAINLAND | BUSINESS OPPORTUNITIES WESTERNINVESTOR.COM | NOVEMBER 2017 TAX LOSSES FOR SALE INFINITE New Listing WANTED LOCAL COMPANIES 72 Modular Homes Subdivision EXPANSION CORP. Saskatchewan LOWER MAINLAND (Real Estate Related) - Multi-family apartment buildings 9 separate company losses: With Modular Show Homes on some lots. Eight (8) Lots with Modular Homes sold, and Townhouse development showing $225,000 net revenue aft er taxes, sites. Total of: $30,000,000 (smaller company losses available) over capital costs of same. SEEKING JOINT VENTURE - To buy existing rental apartment In addition there is revenue from Current OPPORTUNITIES buildings, minimum 30 units. Deal direct Mobile Homes @ $6,270 per month. Flexible terms! Excellent Value! Huge upside, with an estimated 30% profi t. On Commercial, Industrial, - Multi-unit industrial buildings or land to build same. Contact William Aged owner. Property must be sold Multi-family Residential, & High Rise (phone / text / email) Walter Tymofi evich Mt. Sentinel 604-889-8594 JOHN 604-618-5522 Mobile 604-657-1270 Owner/Broker Realty Ltd. infi [email protected] Email: Lexus-Properties@.net [email protected] 928-726-9638 [email protected]

MOBILE HOME PARKS Park Owners thinking of selling and looking Kindersley, SK – 72 MH & 59 RV pads .....4,950,000 for a market evaluation of your park? Give me a call to discuss options. McKenzie, BC – 113 pads, 17 ac ...... 3,250,000

Other Parks available or coming soon: Call me Rosemary, AB – 57 pads, 9 ac ...... 1,300,000 on these and others for upcoming info. - North Okanagan 25 plus pad seniors park on Shaunavon, SK – 17 pads, 3.66 ac ...... 645,000 city services. - Central Okanagan under 10 pad park plus Dominion, NS – 17 pads, 4.3 ac...... 340,000 house, city water. HarryH Jesse - Vancouver island parks from 500k to 6M plus TollT free: 1-888-251-2822 - Houston BC; 25 pad and 12 RV park. 10.5% DirectD Line: 604-302-3771 cap. Ask $529,000 SOLD Fax:F 1-888-804-1394 WebW site: www.mobileparks.com - Nelson BC 21 pad seniors park 5 acres Email:E [email protected] Ask $ 1,150,000 SOLD - AB: small 8 pad park city serviced. Absentee Homelife Glenayre Realty owner. Tenants pay the utilities. Price $300k fi rm $1,750,000 WATERFRONT - HARRISION HOT SPRINGS

For SALE 3 Strata Units 15523 Marine Dr. Fantastic ½ acre level waterfront home 1.5 hours from Vancouver on beautiful Harrison Lake. 200 ft. beach with docks and ramp. Too much to $2,389,000 list so go to website for info and drone footage. Asking 2.39M BILL SUMMERS Direct Line: 604-626-8894 www.sellingmobilehomeparks.com For SALE INVESTMENT AND BUSINESS Business & Property OPPORTUNITIES 15539 Marine Dr. GAS STATION $1,788,000 Fraser Valley Esso gas station with land, building and business. Asking $1,950,000 INVESTMENT PROPERTY Abbotsford fully leased 1,100 sq.ft. commercial strata unit in a busy strip mall. Asking $335,000 BUSY CAR WASH For SALE Fraser Valley Location, 2-Touchless wash Bay, 6 - Business & Property Spray wand Bay, Detail Bay, 5 - Vacuum Islands, 1 15081 Marine Dr. - Shampoo Vacuum. Storage plus 3 - Bedroom living For Sale: accommodation. 34,843 sq ft lot. Asking $3,500,000 Yogurt Bar #103-15146 100 Ave. LANGLEY $499,000 Excellent investment property for Future Development, Approx 39,000 sq ft Land, 2 - Commercial Tenants, plus #102-1711 152 St. Vacant 3 - bedroom apartment. Asking $1,998,000 $169,000 BOTTLE DEPOT Papa Murphy’s #900-15355 24 Ave. Shuswap Location, Land, Building & Business. Asking $179,000 $420,000 GAS STATION SITE Princeton BC. 1.88 Acre approved Gas Station Site environmental done with proposed drawings. Asking $525,000 BOTTLE DEPOT Lower Mainland location Encorp Pacifi c Licensed Jeff Copland Depots with own territory. Please call for Info! CELL: 778.839.4530 ASHOK KUMAR OFF: 604.531.1111 604-855-0800 Cell: 604-556-6399 HomeLife Benchmark Realty Corp. NOVEMBER 2017 | WESTERNINVESTOR.COM LOWER MAINLAND | A21

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All illustrations reflect the artist’s interpretations and may not be accurate. The developer reserves the right to make modifications and substitutions, and to change brands, sizes, areas, locations, colours, layouts, materials, ceiling heights, features and other specifications, all without prior notification. Furniture, furnishings and other design features may not be included. Such matters are governed by the applicable purchase and sale, information statements, proposed strata plan and the final strata plan. E&O.E. A22 | SEA TO SKY/SUNSHINE COAST WESTERNINVESTOR.COM | NOVEMBER 2017

PPEMBERTONE M B E R T O N B.C. pot growers hope to bloom on ALR Legacy Properties FEATURE | Cannabis producers cleared to set up on B.C. farmland as Ottawa readies to legalize pot – and former illegal growers have skills to make it happen

2 kms on Lillooet River, lush farmland, 320 Acres cedar value, water rights $4,500,000 5,660 cubic metres of timber, water By NELSON BENNETT, 156 Acres rights, sub-divable to 3 lots $1,300,000 BUSINESS IN VANCOUVER FRANK [email protected] FrankIngham.com INGHAM Call 604-230-8167 REAL ESTATE ill cornfields and greenhouses that now grow tomatoes and cu- Wcumbers give way to marijuana POWELL RIVER crops on farmland in the Agricultural Land OPPORTUNITIES Reserve (ALR) in Delta? This is among questions the B.C. govern- RREDUCEDEDUCED ment needs to answer by July 2018, when new federal legislation makes recreational marijuana use legal. In an attempt to get some kind of public consensus on key regulatory issues, like taxation, distribution and retailing, the B.C. government is asking the public for input. AQUACULTURE LEASE B.C. Solicitor General Mike Farnworth 9 acre water lot lease with aquaculture license in announced an online consultation cam- Lancelot Inlet, Okeover Arm. Includes 0.74 acre paign at the recent Union of BC Munici- uplands lease with caretaker’s residence, crew quarters, palities annual conference. A giant medical marijuana grow-op in Alberta by Aurora Cannabis could be the model for workshop, equipment storage and dock. Water access | AURORA CANNABIS about 10 minutes from Okeover Harbour. $229,900 “Collaboration is key to getting it right operations on B.C. farmland. RREDUCEDEDUCED here in British Columbia,” Farnworth said. relegate marijuana growing to warehouses Dan Sutton, founder and managing dir- because the energy inputs for growing Whistler Retail ector for Tantalus Labs, a licensed medical indoors are enormous. marijuana grower, welcomes the govern- “Cannabis is agriculture,” Sutton said. Business For Sale ment’s plans to consult the public. He “It makes zero agricultural, economic This is an ideal opportunity for a retail thinks B.C. is uniquely positioned to turn or environmental sense to cultivate any oriented buyer to purchase a well- cannabis into a major new industry. flowering plant in a warehouse environ- regarded, successful retail store in “This will be one of the largest indus- ment. It absolutely belongs in greenhouses Whistler Village. As an owner operated tries in B.C. – certainly one of the top five on the ALR.” RETAIL/SERVICE STRATA UNIT business for over 23 years, the store industries – if it’s executed effectively,” While the federal government is respon- 2038 SQFT end unit in sixplex strip mall in provides good revenue and increasing he said. sible for regulating production, provincial central shopping district. High ceilings, lots of yearly sales. Live and work the dream! large windows, appealing exterior with covered Growers like Tantalus, which is licensed governments are responsible for things like entrance. Convenient location, excellent Business Highlights to supply the medical marijuana market, sales taxes, distribution and retail. exposure, store-front parking. $244,500 • Growth Opportunity are hoping they will also be able to capture Municipal governments, meanwhile, are LEASE SPACES AVAILABLE • Great Location with ample parking the recreational marijuana space. responsible for policing, zoning and busi- • 893 square feet with excellent lease Farnworth added that he hopes to see ness permitting. Trying to regulate a grey Westview Shopping Centre - Located on busy Joyce provinces set “uniform” levels of taxation market for medical marijuana dispensaries Avenue in the largest residential area of Powell River, • Stable history of profi tability lots of parking, easy access, excellent exposure • Local and visitor customer base on marijuana sales so that provinces are has already proven to be a big headache for Unit 3 – 1627 sqft $14/sqft + triple net • Trained staff / turnkey operation not competing against each other. the City of Vancouver, where more than 120 Ideal restaurant or retail set-up • Inventory in place A big question, however, will be whether illegal pot shops have cropped up in just a Unit 4 – 5000 sqft $12/sqft + triple net For serious inquiries, please contact marijuana growers should be allowed to few years, said Coun. Kerry Jang. Bright corner unit, ideal retail use farmland in the ALR or be relegated to Rather than use municipal police to shut Call or email for more details listing agent industrial zones and warehouses. them down, Vancouver has used its zoning and business bylaws to try to at least regu- SSquamishquamish CommercialCommercial late where and how they operate. Dispens- BBuildinguilding Lower taxes in ALR aries pay $30,000 for business licences and are restricted from being close to schools. “I really don’t want to be the pot capital of Jang said about a dozen such businesses Canada,” Delta Mayor Lois Jackson said. have complied with the new rules and gone She said 35 companies have already made through the process of becoming properly inquiries about growing marijuana on licensed.

INDEPENDENTLY OWNED AND OPERATED Delta ALR land. That’s not surprising, Presumably, most, if not all, of the given that ALR land is taxed at a much existing pot shops would have to shut lower rate than industrial land. down if the provincial government decides “I think we’re going to have to address to go with an Ontario model of govern- 1907 Maple Drive ~ $1,600,000 the question: Are we going to allow, or ment-controlled distribution and retail. Land Size: 23,872 sq. ft | 0.548 acres | should we allow, all of our agricultural Building: 3,941 sq. ft. lands to be used for growing of marijuana • Pub Seating: 143 | Outdoor Patio: 20| – and our greenhouses – or are we going to Experienced growers Total seating: 163 | off sales license grow our own vegetables?” Jackson said. • Full Bar | Full Kitchen | Restrooms | ADVERTISE WHERE Sukhbir Manhas, a lawyer with Young B.C. has long been known for its cannabis Storage | Dance Floor | Piano | Pool table Anderson, said the provincial government culture. Growers have developed skills INVESTORS ARE LOOKING • Overhead Projector | 4 Flat screen TV’s | has already addressed that question with that, although honed illegally, are trans- 24 parking spaces respect to medical marijuana: municipal- ferable to a legal industry. ities cannot prevent medical marijuana Jonathan Page, president and chief scien- growers from setting up on ALR land. tific officer for Anandia Labs, which pro- It’s not clear whether municipalities like vides clinical testing of medical marijuana, Delta would have the authority to prohibit hopes to see the province try to capitalize ALR land from being used to grow mari- on that knowledge base. juana for recreational use. “The province needs to have a role in DAVE BEATTIE “Certainly, if we want to have some teeth figuring out how that whole illicit industry PERSONAL REAL ESTATE CORPORATION vis-a-vis ALR land, we’re going to have is transitioned,” Page said. “B.C. has been 604.905.8855 1-888-689-0070 604.669.8500 to see that regulation amended,” Manhas a big producer of cannabis, and there’s TOLL FREE 1.800.661.6988 [email protected] said. a way to do that under a legal system as WESTERNINVESTOR.COM `Your Whistler/Pemberton Connection’ Sutton said it would make no sense to well.”■ NOVEMBER 2017 | WESTERNINVESTOR.COM SEA TO SKY/SUNSHINE COAST | A23 A24 | VANCOUVER ISLAND WESTERNINVESTOR.COM | NOVEMBER 2017

B.C. | WHAT’S HAPPENING Vancouver CRE investments Vancouver. According to Eil- “We believe Coeur has pur- Foreign-buyer ers, foreign buyers immedi- chased a world-class asset in a now outpacing even Toronto ately discount any asking price great jurisdiction, and Silvertip fallout continues by 15 per cent to compensate for will be an excellent addition to the tax “and then begin nego- the company,” wrote Brent Gil- tiations downward.” christ, president of JDS Silver, In Richmond, where foreign in a statement to Business in buyers accounted for 10 per Vancouver. cent of housing sales prior to The acquisition gets Coeur the foreign-home buyer tax, into the B.C. market, allowing according to provincial gov- the company to add a sixth ernment studies, the August producing mine to its roster A year after the introduction benchmark price of a detached of five, which are based in the of Canada’s first foreign-home house was down 0.9 per cent U.S., Mexico and Bolivia. buyer tax drove Metro Vancou- from a year earlier. This com- ver sales down 44 per cent, the pares with a 43 per cent price three most popular markets increase in the previous 12 Pot grower eyes for foreign buyers have yet to months. recover. The benchmark price for a Lumby acreage The $961 million sale of Oakridge Centre was the biggest retail deal in West Vancouver, Richmond Richmond house in August was Vancouver during a record-setting first half. | VANCOUVER COURIER and the west side of Vancou- $1.57 million, down from $1.7 ver – all areas with the highest million in August 2016. ommercial real estate invest- the $1-billion mark. proportion of foreign buyers On Vancouver’s West Side, ment in Metro Vancouver – In Vancouver, office investment prior to the implementation of detached-house sales so far Cpopulation 2.4 million – have rose 3 per cent to nearly $2 billion by the 15 per cent tax on August 2, this year are down 42 per surpassed that of Greater Toronto the midway point of 2017 compared 2016 – are all seeing lower sales cent from the same period in – population 6.4 million – for the with $1.9 billion in first-half 2016. now than in 2016. 2016 and, as of August, the Vernon-based True Leaf Medi- first time. Retail investment exploded by 285 West Vancouver and Rich- benchmark house price had cine has acquired an option to In the first six months of this year, per cent to almost $3.1 billion from mond are also the only major been shaved by an average of buy 40 acres of land in Lumby Vancouver, with a record-setting $799 million in the first half of 2016. municipalities with house $135,000 to $3.5 million. for marijuana production. $7.8 billion in commercial invest- Multi-family investment climbed prices lower now than a year The company paid $100,000 ments, outpaced Toronto, which 146 per cent to $1.5 billion from $629 ago, and house prices have to acquire the option, which posted $6.5 billion in similar spend- million one year earlier, despite sup- flat lined on Vancouver’s west Coeur buys is exercisable until the end of ing, according to Avison Young. ply remaining highly constrained. side, according to recent Real the year for a total cost of $3.3 Vancouver captured a 41 per cent Industrial investment also increased, Estate Board of Greater Van- Silvertip mine million. share of the national market in com- rising 44 per cent to $668 million in couver data. A northern B.C. mine has CEO Darcy Bomford called mercial real estate investments, the first half of 2017 from the same Only 52 detached houses sold attracted the attention and the agreement a milestone for while second-place Toronto made period in 2016. The value of indus- in West Vancouver this Au- investment of the largest the company. up 34 per cent. trial, commercial and investment gust, down from 72 in August U.S.-based primary silver “This property gives us the Vancouver commercial invest- land acquisitions dropped 18 per cent of last year, and benchmark miner. capacity to expand to meet ments surged 75 per cent from a year year-over-year, to $527 million. house prices have fallen by 6.3 Coeur Mining Inc. recently the increased demand that is earlier to take the national lead, Avi- The biggest Vancouver trans- per cent, the biggest drop in the announced it will be acquir- widely expected,” Bomford son Young reported. actions in the first half included Metro region. Realtors say the ing Vancouver-headquartered said. With the exception of Ottawa the sale of a Cadillac Fairview of- price plunge is more dramatic JDS Silver Inc. and, along with “With government approv- (which saw investment activity fice portfolio to an Ontario pension at the high end of the market. it, the company’s only oper- als, the size of this site could plunge 57 per cent), the remain- group for $1.25 billion, and the sale of “There, we have seen price ating asset – the high-grade allow us to build a one-mil- ing markets studied in the national the Oakridge Centre shopping mall reductions of 20 per cent to 30 silver, zinc and lead Silvertip lion-square-foot facility and report – Calgary, Edmonton and by Cadillac Fairview to QuadReal per cent,” said Brent Eilers of mine – in a deal worth up to produce more than 125,000 Montreal – all recorded increases Property Group for more than $961 ReMax Masters Realty in West US$250 million. kilograms of cannabis.” ■ year-over-year, and each exceeded million, Avison Young reported. ■

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Ed HHandjaandja & SShelleyhelley MMcKaycKay 99255255 GranvilleGranville StreetStreet MOBILE HOME PARK PERSONAL REAL ESTATE CORPORATION PERSONAL REAL ESTATE CORPORATION PPortort HHardyardy • Great Van Island Location Your BC Oceanfront Team Specializing in Unique Coastal Real Estate in British Columbia $$89,000.0089,000.00 • All City Services EEd:d: 2250-287-001150-287-0011 • SShelley:helley: 2250-830-443550-830-4435 TT.F..F. 11-888-286-1932-888-286-1932 • 98 existing pads [email protected] & [email protected] • Approved for 67 additional spaces Price $6,200,000 1.26 Acres Vacant Land Zoned Multi Unit Residential Call ZEBALLOS POST AND BEAM LODGE VANCOUVER ISLAND SHELLFISH LEASE Motivated Seller, Development Permit Not Required. West coast Vancouver Island, recently constructed 6 1.62 hectare lease in Teakerne Arm, West Redonda Island, year old building, some fi nishing required. Not currently Discovery Islands. 26 years remaining on lease, 9 year YouTubeYoYouTuTubube movie available at www.stricker.ca Ron Bartsch operating. 7 guest suites, manager/owner’s suite, café and aquaculture license, approved management site plan. 17 Michael Stricker bar. All systems and equipment function. $450,000 rafts in place. Good production area. $100,000 604.789.2296 (250) 203-3046 www.bcoceanfront.com [email protected] RE/MAX Check Realty [email protected]

WANTED - Nanaimo and central Vancouver Island property: multi-family residential, commercial, J I M B A I L E Y mobile home park and strip mall.

Commercial Real Estate Professional - Victoria, BC Downtown Nanaimo For Lease Turnkey furnished private offi ce space $400+GST Featured Commercial Listings per month per offi ce. Open plan 500sqft studio or offi ce with private balcony $1500+GST. Gross leases MLS 377224: Store/Gallery Oak Bay $50,000 INCLUDE hydro, a/c, cleaning & security system. MLS 382442: Café Downtown $85,000 Professional offi ce space Dunsmuir Street with best ocean & city views & balcony from 1668 sq.ft. to 5000 MLS 382653: Automotive Business $650,000 sq.ft. From $12.00/sqft plus OE&T. MLS 383041: Family Restaurant $85,000 Ground fl oor open plan lease space 7000 sq.ft. From $9.00/sq.ft. plus OE&T. Would suit fi tness centre /gym MLS 383675: Ice-Cream Franchise $65,000 Sandy Clark PREC* 250-668-9878 jimbailey.ca - 250.592.4422 - [email protected] Personal Real Estate Corporation [email protected] Royal LePage Nanaimo Realty A26 | VANCOUVER ISLAND WESTERNINVESTOR.COM | NOVEMBER 2017

DONE DEALS | OUR READERS REPORT ON COMMERCIAL REAL ESTATE

A 31,288-square-foot industrial building on 1.68 acres, 272 Street, Langley, sold for $5.6 million. | AVISON YOUNG

Building on a 21,120-square-foot lot Retail strip mall of five units with retail zoned for multi-family redevelopment, redevelopment potential, 9,375 square on Antrim Avenue, Burnaby, sold for feet, on Arbutus Street, Vancouver, Calgary-based Landmark Cinemas chain sold to a European buyer. | LANDMARK CINEMAS CANADA $5.15 million. | NAI COMMERCIAL sold for $12.5 million. | LEE & ASSOCIATES

FROM | CBRE Ltd., Calgary. CBRE FROM | Avison Young, Vancouver. agent John Moss reports the fol- Avison Young agents Russ Bou- LANDMARK CINEMAS SOLD FOR $123 MILLION lowing sale: gie and Kevin Kassautzki sold the Belgian firm holds 48 cinemas across Europe, but Landmark is first foray into DEAL | A 2.76-acre strip mall near following: Canadian theatres Calgary, with two multi-tenant DEAL | A retail investment property buildings totalling 16 units. Coch- tenanted by a Tim Hortons and rane, Alberta. Price: $8.5 million. an Esso gas station, and situated elgian firm Kinepolis Group is acquiring Cal- its home country, Netherlands, France, Spain, Lux- CBRE Vancouver agent Lance Coul- on 1.4 acres. Nordel Court, Delta. gary-based movie theatre chain Landmark embourg, Switzerland and Poland. This is the firm’s son reports: Price: $4.29 million. Cinemas Canada in a $123 million deal. first North American acquisition. B DEAL | Three-storey apartment Avison Young agent Michael Far- The deal includes Landmark’s 44 cinemas with a Kinepolis also deals in film distribution, movie rental building, Thornwood rell reports: total of 303 screens across Western Canada, Ontario marketing and advertising. Manor, comprising 13 suites on a DEAL | 31,288-square-foot, free- and the Yukon. The transaction is expected to close “Combining with Kinepolis will provide Canadian 14,880-square-foot lot. Inverness standing industrial building with by the end of the year. movie lovers with greater access to world-class cin- Road, Victoria. Price: $3.35 million. yard space situated on 1.68 acres Landmark management and staff will remain in ema experiences,” said Neil Campbell, chief executive DEAL | 52-unit rental building on on 272 Street, Langley. Price: $5.6 place. Kinepolis Group is located in Ghent, Belgium, officer of Landmark Cinemas Canada. 29,083 square feet of land. Ash million. and has acquired 48 cinemas across Europe since Landmark has 10 cinemas in Alberta, 15 across B.C. Street, New Westminster. Price: 1997. The company holds a total of 500 screens in and five in Manitoba. ■ $11.2 million.

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

52-unit rental apartment building on Ash Street, Par-3 golf course of 26.9 acres, with commercial New Westminster, sold for $11.2 million. and agricultural zoning, 64 Avenue, Delta, sold | CBRE for $4.5 million. | NAI COMMERCIAL

FROM | NAI Commercial, Vancouver. FROM | Frontline Real Estate Servi- NAI agent Conor Finucane sold the ces Ltd., Langley. Frontline agent following: Kyle Dodman reports: DEAL | Free-standing building on a DEAL | 4.18-acre property with 21,120-square-foot industrial site plans for a custom industrial fa- zoned for medium-density, multi- cility offering 5,500-square-feet family redevelopment. Antrim Av- to 30,000-square-foot units. Iron A 2.76-acre retail strip mall of two buildings totaling Three-storey, 13-unit rental apartment building, enue, Burnaby. Price: $5.15 million. Mills Court, Abbotsford. Price: 16 units. Cochrane, Alberta, sold for $8.5 million. Inverness Road, Victoria, sold for $3.35 million. DEAL | Par-3 golf course of 26.9 $4.93 million. | CBRE | CBRE CALGARY acres, with both commercial and agricultural zoning, 64 Avenue, FROM | Lee & Associates, Van- Delta. Price: $4.5 million. couver. Lee & Associates agents Russell Long, Howard Malchy FROM | William Wright Commer- and Arash Rezai brokered the cial, Vancouver. William Wright following: agent Cory Wright brokered the DEAL | A retail strip of five leasable following deal: units with major retail redevel- DEAL | 1,083-square-foot retail opment potential, totalling 9,375 and office space, zoned for med- square feet. Arbutus Street, Van- 4.18 acres with plans for a custom industrial facility, A tenanted retail property on 1.4 acres, Nordel Court, ical or professional services. West couver. Price: $12.5 million. Iron Mills Court, Abbotsford, sold for $4.93 million. Delta, sold for $4.29 million. Broadway, Vancouver. Price: FRONTLINE REAL ESTATE SERVICES | AVISON YOUNG $950,000. FROM | HQ Commercial, Vancouver. HQ Commercial agent Mark Good- FROM | Colliers International, Van- man reports the following: couver. Colliers agent Phil Gib- DEAL | Recently renovated apart- bons reports: ment rental complex with 55 units DEAL | Two industrial properties, on a 32,827-square-foot lot. Pop- totalling 1.37 acres, including lar Street, Nanaimo. Price: $8.5 a 23,500-square-foot building. million. Braid Street, New Westminster. Price: $5.5 million. Recently renovated, 55-unit rental Two industrial buildings on 1,083-square-foot retail and office apartment complex, Poplar Street, 1.37 acres, Braid Street, New space, West Broadway, Vancouver, CLOSED A MAJOR COMMERCIAL DEAL IN WESTERN CANADA? Nanaimo, sold for $8.5 million. Westminster, sold for $5.5 sold for $950,000. | WILLIAM WRIGHT SUBMIT TRANSACTION DETAILS AT WWW.WESTERNINVESTOR.COM/ | HQ COMMERCIAL million. | COLLIERS INTERNATIONAL COMMERCIAL DONE-DEALS/DONE-DEALS-FORM VANCOUVER ISLAND OPPORTUNITIES Nanaimo Exclusive Offerings Downtown Nanaimo Parksville Commercial • Fully leased retail plaza $4 Million • Highway exposure with room to expand • High traffi c & well managed $5.1 Million

• Over 16000 sq ft retail/offi ce building Wembley Centre Retail/Offi ce 44 bed-21 bath townhouse rental buildings • Multiple tenants Leases $2,650,000 46767 sq ft of R8 multifamily land • 700 sq ft -10000 sq ft Redevelopment potential - Individual meters • 2 story retail/ • 21/sq ft plus $7/sq ft C.A.M. commercial building • 134600 sq ft of R6-multifamily land • Multiple tenants-fully • Free rent in lieu of improvements • Ocean views in upscale neighbourhood leased • Anchor tenants including • Recent improvements up to 29 approved units *Save on Foods- Canadian Tire* $998,988 • Project marketing in place $950,000 Inquire for price Large list of Can/US exclusive investments requiring NDA to view. Contact for details

Jay Deleskie PREC* 250-755-7257 [email protected] Sales Advisor VANCOUVER ISLAND *Personal Real Estate Corporation www.jaydeleskie.com 97 Commercial Street,Nanaimo, BC, V9R 5G3 A28 WESTERNINVESTOR.COM | NOVEMBER 2017

RE/MAX BOB PLOWRIGHT REAL 7300 Vedder Rd. 2124_105831BOB PLOWRIGHT CHILLIWACK, BC [email protected] BH1 4.00 x 13.108REALTY 1-800-830-7175 www.bobplowright.com NONE 604-858-7179

FOR LEASE IN CHILLIWACK FOR SALE IN CHILLIWACK

RETAIL/OFFICE SPACE - 2 UNITS SMALL BAY UNITS  INVESTMENT PROPERTIES Staples Business Centre WAREHOUSE 723 s. f. full retail space 4,226 s. f. formerly a com- $12 to $15/sq ft COMMERCIAL MIX INCLUDES: RETAIL/ munity college, with all TN OFFICE & WAREHOUSE leaseholds remaining, use OFFICE $695/mo as is or owner will change to $1,195/mo Well established commercial properties with LEASE $12 to Location for success gross strong tenant base. Must be sold together $20/SQ. FT. TN Onsite parking Plenty of parking and excellent exposure. Lickman Centre caters to small and medium  45923 Airport consists of retail space in HIGH PROFILE RETAIL/OFFICE size businesses with access to major roadways front, warehouse in back and offices above. Warehouse space from 1,917 to 13,769 sq. ft. Substantially renovated 12-13 years ago 612 to 2289 s. f. office Furnished Office space from 130 to 1,193 sq. ft. complete with HVAC and windows  860 to 1,500 s. f. retail 3 phase, 200 amp electrical, +/- 26’ ceilings Updated Façade and repointing of cement Ample onsite parking Downtown location block construction 2016  FOR SALE 45935 Airport constructed +/- 16 years Quick possession avail. BRAND NEW RETAIL ago. Retail on main floor and & office above LEASE FROM Plenty of onsite parking $2,279,000 Contact Agent for Non-Disclosure $9.50 to $10/S.F.TN 5.54% CAP RATE ON Agreement to receive Rent Roll Details ASKING PRICE

RETAIL/OFFICE SPACE SUCCESSFUL U-VIN/U-BREW BUSINESS FOR SALE 806 s.f. retail/office Located on high traffic New Hotel/Retail development providing 30,000 sq. Profitable business in the safe corner lot ft. of retail space SALE friendly small town of Chilliwack Site includes 3 high exposure pad sites and retail   U-Vin/U-Brew Business with over Well maintained units from +/- 1,200 sq. ft. to +/- 10,000 sq. ft. $149,900 20 years of success and growth Close to many apart-  LEASE Located at the high traffic HWY 1 interchange Current gross sales in excess of $9.50/SQ. FT. TN ments & condos LEASE FROM $18 to $40/sq. ft. TN $260K  Membership in the elite Wine Making RETAIL/WAREHOUSE HIGH PROFILE RETAIL/OFFICE Academy High profile store front and an   800 to 2,825 sq. ft. Excellent access and ecommerce site = future options Prime retail/ good visibility Easily operated by a couple or with warehouse space 980 sq. ft. the existing experienced staff. Onsite parking Join other successful  business, Benjamin DEVELOPER/BUILDER OPPORTUNITY BUSINESS WITH PROPERTY LEASE FROM High profile corner LEASE Storefront Moore, J Adam & Sons $10.00/SQ. FT. TN $1,400/Month Gross SALE: HIGH PROFILE RETAIL RETAIL/OFFICE SPACE SALE $849,900 Lease from 1,581 to Prime retail space with high $439,900 3,316 sf exposure and with some of HOPE, BC  the highest traffic counts in Located on busy main This property offers the purchaser a number of the Chilliwack area Own and operate the very successful Bee’s Food road, high visibility  options for future development. The potential to Wide range of options Up to 4,280 sf retail space on Market on main street of Hope. SALE $1,479,000 ~ lower floor rezone the property includes: R1-B, R1-C, R1-D Zones One of a kind LEASE FROM  Includes: business, commercial building, a 3 bed LEASE FROM $12/SF 540 to 5,364 office 2nd floor Located in the City’s Downtown Historic Walk area $4.00/SQ. FT. TN Ideal opportunity for a developer/builder or the buyer residential suite, fully fenced yard & loading area

who wants to live in a location close to everything Property in excellent condition and well main- WAREHOUSE WITH OFFICE RETAIL SPACE Lot is approximately 66’ x 125’ or 8,232 sq. ft. tained

LEASE MEDICAL STRATA UNITS - 3 UNITS FROM Ideal location for a medical related business $15/SQ. FT 3 blocks from Chilliwack General Hospital TN Bldg has a pharmacy, elevator & onsite parking 3,427sq. ft. warehouse 2,267sq. ft. warehouse Join other successful medical professionals  space with office locat- space with 1,155 office New commercial retail/service centre on main Priced well below replacement cost ed in industrial area space in industrial area shopping corridor Prime business location   High end finish. Very 12 x 14 roll up door, Ideal for stores, food outlets, doctors dentists Unit 201 - 3,067 sq. ft. SALE $234,900 practical and useable 20’+ ceilings Units range from 1200 to 10,600 sq. ft. Unit 301 - 721 sq. ft., SALE $59,900 industrial space Shared compound 1/2 km from main entrance to HWY 1  Lease for $12.00/s. f. Lease for $11.00/s. f. Unit 403 - 624 sq. ft. SALE $59,900

Ray Yenkana CCIM, ABR. REMAX LITTLE OAK 800-668-8661 [email protected] www.rayyenkana.com (listing details)

Cloverdale Warehouse! New on the market. 12,484 sf of open space and fi nished offi ces on a 20,000 property. Lots of WE HAVE QUALIFIED INVESTORS parking and room for large trucks. Four open bays that could easily be separated. And IF YOU HAVE A professionally built offi ces. Will be vacant early in the new year so you can occupy yourself or lease out. Call for a personal viewing and be the fi rst. Al Bainbridge at 604-533-3491 RAYPOSITIVE YENKANA’S CASH FLOW PROPERTY, COMING SOON!AL BAINBRIDGE SPACE LET’S CHAT. Prime Shopping Mall Investment! I HAVESPACE QUALIFIED BUYERS Freestanding highly visible Building with a national tenant in a busy Cloverdale mall. FOR LAND AND COMMERCIAL PROPERTIES This is a grade A investment opportunity that doesn’t come along very often. WITH REVENUE. Call now and be fi rst to see this golden opprtunity It’s sure to sell quickly. AL Bainbridge at 604-533-3491 10 Acre industrial site. River access. Call for more details LARGE RESIDENTIAL Al Bainbridge at 604-533-3491 BUILDING LOT 3/4 acre east side of Abbotsford. Al Bainbridge 604-533-3491 $499K Personal Real Estate Corporation [email protected] Vancouver Office: 604 683 7535 TF: 1 866 717 6989 Langley Office: 604 534 7974 TF: 1 800 890 9855 naicommercial.ca Realizing Potential, Delivering Results.

CONFIDENTIAL CLARK DR KASLO ST

Residential Site Building & Land For Sale Within Grandview-Woodlands Plan 1774 East Hastings Street 108 Acres with Views of the ‚ 28,182-sf site (231’ x 122’) Vancouver, BC Okanagan Lake ‚ City would support rezoning to ‚ 5,280 sf (44’ x 120’) West Kelowna, BC redevelop 6-storey building ‚ Redevelopment potential ‚ Preliminary plan for 85 lots ‚ NDA required to disclose site ‚ Potential to assemble ‚ Drone footage available at: details ‚ OCP will allow up to 8 storeys youtu.be/KBjtKf0bvXw Asking: contact agent Asking: contact agent Reduced: $3,995,000 Conor Finucane* Conor Finucane* Gary Haukeland* & J-D Murray 604 691 6604 604 691 6604 [email protected] [email protected] [email protected] [email protected]

For Sale M-1 Land & Buildings Development Site 19.83-Acre Ind. Site, Ready To Go 2900 Pooley Avenue, Merritt, BC 53 Acres (Non-ALR) Kamloops, BC ‚ 6.04± acres on the corner of Merritt, BC ‚ Large industrial site Pooley Ave & Nielson St ‚ 53 acres zoned R-3, R-2 +FD ‚ Subdivision potential ‚ 6,648-sf main building, including ‚ Services at street ‚ All services nearby 3,920-sf maintenance shop with ‚ Potential for partial MHP zoning ‚ Seller may consider trades approximately 24 ft ceiling height ‚ App’d. for S/F + estate view lots Asking: $5,950,000 Asking: $1,550,000 Asking: $1,690,000 Chris Langhaug Chris Langhaug Chris Langhaug 604 240 6224 604 240 6224 604 240 6224 [email protected] [email protected] [email protected] PARQ VANCOUVER PROMISES 24-7 DOWNTOWN ACTION For Sale Self-Storage Facility Self-Storage Facility NEW CASINO AND TWO HOTELS 10 Development Lot Scotch Creek, BC Innisfail, Alberta Langley, BC ‚ 165 spaces/units ‚ 218 inside units, 406 RV spaces ‚ 1.13 acres, serviced ‚ 2.107 acres on 26.32 acres ‚ C2 zoned for retail & multi-family ‚ Onsite manager suite ‚ Three-bedroom home ‚ Clean environmental ‚ Room to expand ‚ New construction & hwy exposure Asking: $1,250,000 Asking: $4,950,000 Asking: $3,280,000 Western Canada’s Self-Storage Expert: Ken Kiers* & Don MacDonald, CCIM Ken Kiers* Dan Goldstrom (NAI Advent) 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 • NOVEMBER 2017 • VOL32/11

KITIMAT SITE | 8 SHELL KEEPS LNG PLAY ALIVE Liquefied natural gas project “can and will happen in B.C.,” says CEO of LNG Canada

PORTAGE & MAIN | 14 $25M OFFICE RENO PAYS OFF Winnipeg 32-storey tower attracts big-name tenants as landlords prepare for True North competition

CONTENTS Full index 3 RANDY SHIER Numbers 4 Kelowna 6 KELOWNAKELOWNA NO. 1 LNG still alive 8 Alberta report 12 FOR INVESTORS Man.-Sask. report 14 MORE THAN A CONDO BOOM | 6

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

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

VISIT MY NEW WEBSITE SONIADHALIWAL.COM PERSONAL REAL ESTATE CORPORATION

10 ACRE ORCHARD WITH 3 HOMES CHERRY ORCHARD WITH HOME VINEYARD LAND 745/747/749 Cornish Road, Kelowna BC 5441 Snowbrush St, Oliver BC OKanagan, BC FOR SALE: Super 8 Hotel, Cranbrook, BC 3.5 acre cherry orchard with large 72 acres vineyardLD t SPPNT farmhouse. Top quality cherries in a great landSSOLD in OKeremeos t 'VMMZSFOPWBUFE PPRICERICE RREDUCEDEDUCED $$2,749,0002,749,000 low frost location, full line of equipment, t 4JUVBUFEPò)JHIXBZ ,JMPNFUFSTGSPN64CPSEFS  Apple Orchard - Ambrosia & Honey Crisp cold storage unit. The house has three CALL FOR EXCLUSIVE t NJOVUFTGSPN*OUFSOBUJPOBM"JSQPSU  Flat land, quiet setting yet centrally located large bedrooms upstairs and a full VINEYARD AND ORCHARD LISTINGS Michael Emmott Chris Stark  Near HWY 33 shopping, recreation & UBC basement awaiting your fi nishing ideas.    All dwellings on property are legal! (604) 725 - 7605 [email protected] [email protected] RE/MAX 2000 Realty Ltd. | 103-15127 100 Avenue Surrey, BC V3R 0N9

Development Permit for Corporate OKANAGAN – B.C. INTERIOR 97 Townhouses Peachland BC Accord Realty INVESTMENT OPPORTUNITIES LTD. 11.34 ac, breathtaking lake views, walking MOBILE HOME PARKS distance to City Centre & Okanagan Lake Kelowna: Retail/Offi ce on 3 ac, 5.4% NEW LISTING - KAMLOOPS WEST KELOWNA $6,200,000 MLS 10129281 cap, 74,469 rentable sf, 24 tenants & ● 1st time on market in 30+ years ● 110 Sites on 20.9 Acres 205 park stalls. Lake View Development $17,500,000 ● 19 Sites & 2 Legal Rental Homes ● Native Lease Land West Kelowna BC ● City sewer, water & garbage pickup ● Community Water Phase 3 & 4 on 10.32 ac, projected for 59 lots ● Always full occupancy ● Full Occupancy Kelowna: Retirement Residence, $3,950,000 MLS 10131475 ● Shows +/-5.0% return ● Net Income +/- $$280,000 7.1% cap, 56 suites on 2.15 ac with ● Price $1,965,000 SOLD ● Price $2,050,000 14% Return! Silvia von Deichmann high occupancy & well maintained. $6,200,000 OSOYOOS BUILDING LOTS 250-869-0101 251 Harvey Ave., [email protected] Kelowna, BC V1Y 6C2 • Desirable east bench location • Lots of late day sun Each offi ce is individually owned and operated Kelowna: Retail/Offi ce on 1.3 ac, • Prime cul de sac of new homes • Full city services at lot line 5.2% cap, 17,000+ rentable sf, 6 • Building Scheme Ensures High Quality Homes • Developer fi nancing available Priced at $165,000 to $169,900 + GST BUSINESS AND INVESTMENT tenants & 55+ park stalls. • OPPORTUNITIES $5,375,000 Grand Forks Development Site • Only 20 Minutes to downtown Kamloops. River front from this 32 acre property with a spacious updated ● 2.0 Acre Level Site home and inground pool. Outbuildings include horses Kelowna: Fully Occupied Industrial, shelter/tackroom, hay storage, and garage/workshop. 5.4% cap, 21,000+ rentable sf on ● Zoned for Single Family or Duplex Lots Plenty of irrigation for your hayfi eld. Asking $750,000 1.04 ac. ● Engineering Done for 9 Lot Subdivision View video at vosrealestate.ca $3,600,000 ● Unit sales in Grand Forks are up 50% in 2017 • 3 Business Opportunities in One 84 acres on over 2016! South Thompson River - Kamloops - Consisting of Price $299,000 very productive hayfi elds plus a vineyard and gravel PETER BOUCHARD, B. Comm ● pit - 5 bedroom, 3 bath residence. Operate one or all of these opportunities. This property has water license 250.470.9551 [email protected] and is subdividable. Priced at $1.5 million STEWART DUNBAR, Dipl. MMRE VADIM KOBASEW DWIGHT VOS Personal Real Estate Corporation C OMMERCIAL REAL ESTATE SPECIALIST phone: (250) 554-4511 250.718.8775 [email protected] 250-490-7959 / 1-800-567-6770 BEST-WEST REALTY LTD. KAMLOOPS CorpAccord.com [email protected] email: [email protected] RE/MAX PENTICTON REALTY, PENTICTON, BC Accelerating success.

2312 36th Street Vernon Louie Dr & Bering Rd Westbank 1603 Dartmouth Rd Penticton Main St & Elliot Rd West Kelowna 22 UNIT RENTAL APARTMENT DEVELOPMENT OPPORTUNITY RARE LARGE INDUSTRIAL LOT RETAIL BUILDING WITH DRIVE-THRU

HIGHWAY 97

Tenanted rental apartment on .825 acres in quiet High profile site, 6.771 acres with excellent 4.337 acre prime industrial property in Central Two titles with ±2,550 SF free standing building area of Vernon. 22 single bdrm units all ±700 SF, visibility from Hwy 97. Adjacent to Superstore and Penticton. Great access to key truck routes and with existing drive-thru on a .47 acre corner site. centrally located. other major shopping centres. Chris Wills zoned M3. Turnkey restaurant opp with dev potential. Jack Shabbits Personal Real Estate Corporation Jack Shabbits $2,450,000 Chad Biafore $8,200,000 Murray Wills $4,400,000 Chad Biafore $1,695,000 Perry Freeman Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation

19-364 Lougheed Road Kelowna 2800 Highway 97 N Kelowna 9015 Jim Bailey Rd Kelowna 1701 Kosmina Rd Vernon BUSINESS WITH BUILDING HIGHWAY DEVELOPMENT OPPORTUNITY INVESTMENT OPPORTUNITY INDUSTRIAL LAND WITH BUILDINGS

McCURDY HIGHWAY 97

Profitable, well respected woodworking business 1.58 acre, highway development site with over 6 fully leased office units with warehouse space 3.71 acre light industrial property with 2 buildings and building for sale. Includes industrial building, 1,000 feet of frontage. Exposure to over 50,000 totalling 13,500 SF GLA on 1 acre with fenced totaling over 50,000 SF, Zoned I-1, excess land for business and all fixtures & equipment. vehicles/day. City is open to rezoning possibilities. yards. Newly constructed in Spring 2017. potential future development Jack Shabbits Contact Listing Agent Murray Wills $2,195,000 Perry Freeman $3,200,000 Peter Taillon $5,750,000 Chad Biafore Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation Kelowna +1 250 763 2300 | www.collierscanada.com/kelowna INTERIOR B.C. | ALBERTA | SASKATCHEWAN | MANITOBA

Contents | NOVEMBER 2017

FEATURES FEATURES & NEWS The Numbers 4 INDUSTRIAL STRENGTH 4 Our monthly snap stats on the numbers that matter Vancouver holds lead in industrial demand but Calgary posting positive Shell consortium bullish on LNG plan numbers as market for 8 small-bay space tightens Kitimat liquefied natural gas plant in play

U-DISTRICT LANDS ANCHOR 12 Saskatoon retail space taken up Save-On-Foods takes Target space backfilled as big brands move in 14 major space at Calgary’s University District to base new mixed-use rental residential development ADVERTISING DIRECTORY BACKFILLING SEARS SPACE 14 Interior B.C. 2-7 Winnipeg’s Polo Northern B.C. 8-10 Park needs to plug Alberta 10-12 270,000-square-foot Saskatchewan/Manitoba 13-15 space as iconic retailer closes all its stores MORE OPPORTUNITIES SECTION A Lower Mainland, B.C. and Vancouver Island COVER FEATURE Randy Shier, president of Mission Group, with a model of the Ella 6 mixed-use condo tower in downtown Kelowna l MISSION GROUP

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

Princeton, BC Barriere, BC • Two Excellent Businesses on Separate Properties Fernie, BC Summerland, BC • Excellent & Well Kept 12 Unit Motel • Successful and Popular Pub • 37 Unit Motel in Two Buildings • Rare Okanagan Find! Owners Retiring! • 7 RV Sites + Room for More. Concrete Block Washrooms • Liquor Store with Excellent Access and Exposure • Subway Lease Income. Nice Amenities • 56 Unit Motel, Many of Them Built in 2008 • Expansion Possibilities - 7 + Acres • Both Buildings Renovated 2007-2008 • Above Average Income Summer / Winter • Very Well Maintained. Outdoor Swimming Pool • Really Nice 3 Bedroom Home with Gardens and trees • Currently Managed by Off Site Owners • Indoor Pool and Hot Tub • Close to Wineries, Orchards, Golf & Beaches • Excellent Income Ideal for Energetic Couple • Close to Motels and Business Core • Excellent Location - Walk to Restaurants Asking $4,850,000 - Call Larry Asking $998,000 - Call Larry Asking $3,200,000 - Call Larry Asking $1,989,000 - Call Larry

Lillooett, BC Osoyoos, BC • Excellent Multi- Faceted Business • Private Location On The Shores Of Lake Osoyoos • Retail Liquor Store & Small Convenience Store Kamloops, BC Kootenay Restaurant • 22 Rooms with 18 Kitchen Units & Suites • Leased Restaurant - Long Term Tenant • High Volume Liquor Store & Pub • Profi table Creston Restaurant Which Can Sleep Up To 6 Guests! • 10 Boutique Hotel Rooms - Very Profi table! • Excellent Location on .98 Acre • Original Owners with Experienced Staff • 2 Bedroom Managers’ Quarters • About 250 KM from Vancouver • Amazing Cash Flows, Not a lot of Competition • Price Includes Renovated Building • Has Been A Mainstay Of Osoyoos Hospitality * Same Owners Since 1971! • Excellent Situation! Do not Miss This! • 2 Bedroom Suite on Second Floor For Over 40 Years! Asking $2,149,000 - Call Ron Asking $3,498,000 - Call Larry Asking $399,900 - Call Ron Asking $1,985,000 - Call Ron

ING PPENDINGEND

Enderby, BC Tchesinkut Lake / Near Burns Lake • 30 Units, Pub / Restaurant and Liquor Store • Amazing Waterfront Resort - Easy Access on Paved Road • Excellent Revenue Solid Net Income South Okanagan Kennel Business East Kootenay Opportunity • 11.3 Acres and Approximately 2,300 Feet of Waterfront • Operated By Management • Purpose Built Kennel Plus 2 houses; • 40 Plus Unit Hotel • 9 Cabins and 37 RV / Camp Sites • Awesome Exposure to Highway 97 • Desirable South Okanagan Location • Restaurant Space – Currently a Breakfast Room • Newer Mobile Home (rented). Newer 40 x 80 Shop! • Swimming Pool / Courtyard • Very Profi table and Operating at Near Full Capacity • Limited Competition Setting, • Gorgeous Waterfront Home about 2,400 SqFt. • Excellent Opportunity for Hands on Owner Asking $1,595,000 for complete package • Excellent Skiing and Golf Area! • This is a Marvelous Property! Bring Your Ideas! (real estate & business) or $425,000 for business alone. Asking $3,498,000 - Call Larry Good lease available. Call Ron Asking $1,599,000 - Call Larry Asking $2,998,000 - 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 | NOVEMBER 2017

LEADING TRENDS | Our monthly THE NUMBERS BANK OF CANADA snap stats showing leading trends 1.0% OVERNIGHT affecting western real estate LENDING RATE ancouver’s industrial market re- mains tight as tenants in Metro VVancouver are struggling to find available, developable land in the region. Commercial and industrial real estate Building permit values The city’s second-quarter vacancy rate Office vacancy rate downtown Industrial vacancy rate Vancouver $738 million hit 1.9 per cent this year – an increase in Vancouver 6.9% 3.0% Calgary $362 million vacancy over last year, but a decrease from Calgary 27.7% 9.3% Edmonton $460 million last quarter’s 2.2 per cent rate. Edmonton 20.6% 8.5% Regina $60 million Vancouver’s most significant in- Regina 12.4% 3.2% Saskatoon $90 million dustrial leasing activity came from the Saskatoon 15.0% 7.6% Winnipeg $130 million 330,540-square-foot Ikea lease in Rich- Winnipeg 10.8% 3.8% mond and the 232,191-square-foot Natural

Factors lease in Pitt Meadows. SOURCES: CBRE; COLLIERS INTERNATIONAL, Q2 2017 SOURCE: STATISTICS CANADA, AUGUST 2017 Alberta’s industrial vacancies remain continually higher than Vancouver’s, al- (all types combined)* though Calgary’s rate is pushing down Total monthly retail sales Apartment rental vacancy MLS home prices slowly. The industrial market in Calgary B.C. $7.2 billion Vancouver 0.7% Vancouver $1,027,300 saw 385,000 square feet of positive ab- Alberta $6.9 billion Calgary 7.0% Calgary $444,500 sorption this quarter. The market is satur- Saskatchewan $1.6 billion Edmonton 7.1% Edmonton $370,252 ated with large-bay properties, while users Manitoba $1.6 billion Regina 5.5% Regina $320,914 looking for under-10,000-square-foot Saskatoon 10.3% Saskatoon $326,700 spaces may struggle to secure it, as such Winnipeg 2.8% Winnipeg $285,231 small spaces represent only 6.3 per cent of *ALL TYPES OF HOMES COMPOSITE PRICE, METRO REGION the entire inventory. SOURCE: CANADA MORTGAGE AND HOUSING CORP. SOURCES: CREA, LOCAL REAL ESTATE BOARDS AND ASSOCIATIONS AS OF SEPTEMBER 2017 SOURCE: STATISTICS CANADA, JULY 2017 RENTAL MARKET REPORT, OCTOBER 2016 “A robust start to the first half of 2017 continues to place pressure on the Calgary industrial market, [that has seen] the third Labour Industrial market vacancies consecutive quarter of declining vacancy 2016 2017 and positive demand,” the report states. Unemployment rate Average weekly wage In Edmonton, the vacancy rose year-over- year to 7.8 per cent to 6.2 per cent. The B.C. 4.9% $941 8% Alberta 7.9% $1,125 city’s market is affected by stark contrasts. 7.8% Saskatchewan 6.2% $1,003 In the northeast region, the vacancy rates 6% Manitoba 5.5% $909 6.6% 6.2% sits at 1.26 per cent, while the Leduc-Nisku 6.4% area has a rate of 17.06 per cent. SOURCE: STATISTICS CANADA, SEPTEMBER 2017 SOURCE: STATISTICS CANADA, JULY 2017 4% Toronto represents nearly half of the country’s industrial inventory, and has Resource sector 3.3% followed a similar downward trend as Van- 2% 2.7% couver’s. However, the city has a signifi- Gold Copper Oil Natural gas 1.9% cantly larger industrial inventory than $1,289 $3.08 $51.3o $2.89 1.5% Vancouver, with approximately 800 million per ounce per pound WTI/per barrel per gigajoule Vancouver Calgary Edmonton Toronto square feet of space. ■ SOURCE: NASDAQ SOURCE: COLLIERS INTERNATIONAL – Tanya Commisso ALL PRICES IN U.S. DOLLARS; PRICES AS OF OCTOBER 11, 2017 *VACANCIES ARE FOR CENSUS METROPOLITAN AREAS Accelerating success.

1130-1150 Tranquille Rd Kamloops Domenic’s Marine Kamloops 175 Kokanee Way Kamloops 73 Taren Dr Clearwater

Stand-alone retail office space with Established marine business for sale Four parcels adjacent to busy truck Commercial and residential building shop and a large secured pull-thru lot. with land and building at 461 Dene Dr. stop and travel centre along TCH. with broad zoning on 2.35 acres. $12/SF $250,000- Ken Ellerbeck Ken Ellerbeck $935,000 Tanya Cokran $3,640,000 Stephan Klausat $1,200,000 Mona Murray $469,000 Mona Murray Personal Real Estate Corporation Personal Real Estate Corporation 8919 Thuya Creek Rd Little Fort 8-2121 East TCH Kamloops 1800 Mission Flats Rd Kamloops Garden Centre Lone Butte

RV development for 38 bare land strata Office or retail space in busy complex 4.44 acre light industrial development Horse Lake Garden Centre business for lots to sell or operate as RV park. with Trans Canada Highway exposure. zoned for medical marijuana production. sale on 5 acres with 5 bedroom home. Ken Ellerbeck Ken Ellerbeck $799,000 Mona Murray $26/SF Tanya Cokran $1,300,000 Mona Murray $1,510,000 Stephan Klausat Personal Real Estate Corporation Personal Real Estate Corporation

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, represenations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliabilitiy. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International exludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and exludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2017. All rights reserved. This communication is not intented to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. PO #12100 Unit 315 - 546 St. Paul Street, Kamloops, BC, V2C 5T1 | +1 250 372 2277 | www.collierscanada.com NOVEMBER 2017 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | B5

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STRATEGIQ.CA FIND OUT HOW • 20 Acres MHP in Cranbrook • 62 Pads in 10 Acres & 10 Acres Land • Connected City Water & Sewer RISK MANAGEMENT CONSULTING • Owner wants to retire after 24 Years $3,600,000 MLS # C8013903 strategiq 250.319.6412 604.669.8500 Hang Lee (604) 805-9966 TOLL FREE 1.800.661.6988 Hanna Realty WESTERNINVESTOR.COM [email protected]

INVESTMENT PROPERTIES FOR SALE

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Businesses For Sale – Central Interior BC ` Vendor of Welding & Restoration Fireplaces & Fabrication Services Hearths Business Company ϲϱϭͲϲϱϵsŝĐƚŽƌŝĂ^ƚƌĞĞƚ͕<ĂŵůŽŽƉƐ KůĚ<ĂŵůŽŽƉƐ&ŝƌĞ,Ăůů͕ϭϮϱϰƚŚǀĞŶƵĞ

` In business for over ` In business for over ` Family owned operation 15 years 30 years ` Experienced team of ZĂƌĞŽīĞƌŝŶŐ >ĂŶĚŵĂƌŬďƵŝůĚŝŶŐ ` One of the largest ` Custom machining, professionals handling ϮƐƚŽƌLJĐŽŵŵĞƌĐŝĂůďƵŝůĚŝŶŐ ǁŝƚŚĚƵĂůĨƌŽŶƚĂŐĞŝŶƉƌŝŵĞ hearth dealers in Central fabricating & welding cleaning and restoration Interior BC ` Consistently profitable projects ŝŶĚŽǁŶƚŽǁŶ<ĂŵůŽŽƉƐ ĚŽǁŶƚŽǁŶ<ĂŵůŽŽƉƐůŽĐĂƟŽŶ ` Business continuously ` 24-hour emergency ` Limited regional Long term tenants KĸĐĞͬƌĞƚĂŝůŵŝdž growing competition service ` Revenue: $2,400,000 ` 5-Year Average EBITDA: ` Revenue: $850,000 Building upgrades throughout Basement storage ` EBITDA: $500,000 $450,000 Underground and exterior parking stalls ` Includes $600,000 džĐĞůůĞŶƚĞdžƉŽƐƵƌĞ inventory 'ƌŽƵŶĚŇŽŽƌƌĞƚĂŝůĂŶĚϮŶĚŇŽŽƌŽĸĐĞƐ ϮϲƐƵƌĨĂĐĞƉĂƌŬŝŶŐƐƚĂůůƐ ` Price: $1,300,000 ` Price: $1,200,000 ` Price: $575,000 ĂƐĞŵĞŶƚǁŝƚŚĂŵƉůĞƐƚŽƌĂŐĞĂŶĚůŽĐŬĞƌƐ Fully leased – great revenue Alf Sanderson* Delon Cheung* 604 691 6646 604 691 6654 DĂƩtĂůůŝŶ͕͘Žŵŵ͘ ƌĂŝŐDĐ/ŶƚLJƌĞŽƌWŚŝůDĂƐŽŶ [email protected] [email protected] *Personal Real Estate Corporation *Personal Real Estate Corporation 250-372-1232 ext.102 250-372-1232 ext.103 250-372-1232 ext.114 ŵĂƩΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ ĐƌĂŝŐΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ ƉŚŝůΛĐŵůƉƌŽƉĞƌƟĞƐ͘ĐĂ

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

For Sale 4400 & 4600 Canoe Beach Rd, Salmon Arm 3946 – 3976 Beach Avenue, Peachland ‚ 8.75-acre development site: two adjacent ‚ 4.1-Acre, tourist commercial zoned land parcels of 3.75 acres and 5 acres Penticton Motels across from beautiful Okanagan Lake ‚ R-4 zoning allows for 40 units per hectare Asking: $999,000 68-Room Motel Asking: $9,750,000 ‚ Located in downtown Penticton 3029 Appaloosa Road, Kelowna 4740 Trepanier Road, Peachland Asking:Under $5,900,000 Contract For Sale ‚ 3-bedroom home with 2-bedroom suite ‚ 42.75 acres bordering HWY 97C and on 1.85 acres Beachside Motel Trepanier Creek Greenway 1602 Maier Road, Sicamous ‚ Perfect for home based business ‚ 27-unit motel ‚ Property also ‚ Zoned A1 and is not in the ALR ‚ Sicamous Truck & Car Wash ‚ Close to UBCO, airport and highway located steps includes retail ice Asking: $1,990,000 ‚ Significant upgrades and solid cashflow Asking: $915,000 from Skaha Lake cream sales ‚ Two-bedroom residential suite Asking: $3,495,000 557 & 567 Clement Avenue & 1215 St. Paul Street, Kelowna Asking: $1,895,000 Rochester Resort Motel ‚ 3 lot land assembly in Kelowna’s 3417 27th Avenue, Vernon ‚ 36-unit motel in a prime tourist area Downtown,Under total Contract lot area of 16,590 sf Tim Down Asking: $2,975,000 ‚ 7,288-sf warehouse with office 250 864 9140 Asking: $2,295,000 ‚ Residential suite potential [email protected] Business with Property ‚ Loading dock ‚ Salmon Arm Go Karts & Mini Golf For Sale or Lease Reduced: $499,000 9110 & 9120 Main Street, Osoyoos ‚ Located on the Trans-Canada Hwy 9415 & 9419 Spartan Drive, Osoyoos Asking: $589,000 1340 St. Paul Street, Kelowna ‚ Mixed-use development opportunity ‚ Rare 730 feet of prime development ‚ Comprehensive Development zoning 6.5 Acres McBride, BC ‚ Solid concrete block building totaling lakeshore on Osoyoos Lake 8,000Under sf Contract allows for 237 Residential units & ‚ Hwy 16 frontage. Permitted uses include Asking: $1,975,000 ‚ 1.913 acres over 3 individual parcels 45,000 sf of Commercial motel & gasoline service station. ‚ Sewer and water available ‚ ±450’ of lake frontage Asking: $785,000 Mike Geddes* ‚ Town of Osoyoos supportive of Asking: $2,995,000 250 878 6687 development for low density projects Philip Hare [email protected] Philip Hare & Tim Down 778 214 2150 *Personal Real Estate Corporation Asking: $3,250,000 778 214 2150 | 250 864 9140 [email protected] B6 | INTERIOR BRITISH COLUMBIA WESTERNINVESTOR.COM | NOVEMBER 2017 Kelowna trending into a top-tier investment opportunity COVER | Named by Western Investor as the top western city for real estate investors, Kelowna’s explosive growth trajectory may just be starting

Environmental (LEED) standards, detached-house owners can add By FRANK O’BRIEN and with quartz counter kitchens from two to four extra housing [email protected] and plank flooring, looks more units to their regular-sized lot, like Yaletown than downtown with four units, including a lane- Kelowna, but it is just one of the way house, on larger 50-foot lots. he president of Mission city’s luxury towers that have suc- The small lots, with houses, are Group believes his com- cessfully launched recently. selling in the $500,000 range, the pany’s new 20-storey T In all, 12 new condominium larger lots for $700,000, Pender mixed-use condo tower will sell buildings are either under con- said, but the payoff from de- out quickly, despite testing the struction or about to start in veloping and selling new strata price limit of downtown Kelowna. downtown Kelowna. Concrete units can be huge, noting a strata Spend a few days in Kelowna and tower condos are selling, on aver- fourplex can be built on 50-foot you would likely agree. Infused age, in the $450 to $600 per square lots, he noted. with outstanding beauty, young foot range, with wood-frame pro- “And you can do it within a year,” vitality, plenty of soft-collar jobs, jects priced from $370 to $525 per he said. a zero per cent rental vacancy rate square foot. This is important to any resi- and the most B.C. housing starts Across town, the 1151 Sunset dential investors familiar with outside of the Lower Mainland, Drive condo tower by Kerkhoff Kelowna’s history: many of the Kelowna is on a roll that seems to Construction completes in 2018, shiny new condo towers now being be just starting. and has sold all but six of its 117 built are rising from the ashes of Ella, Mission Group’s new condo units, with prices from $289,000 projects that were stopped when tower, is a concrete example of the to more than $1.5 million. Its Randy Shier, president of Mission Group, in an Ella condo show suite: it the housing market crashed back city’s real estate boom. The build- success convinced Kerkhoff, feels like Vancouver’s Yaletown, but at less than half the price. | MISSION GROUP in 2008. ing won’t complete for two years, with U.S.-based partner North but when marketing launched this American Development Group, fall, more than 2,200 potential to launch what will be the tallest an average age of 41. of bike lanes that now character- Commercial real estate buyers quickly registered for a buildings between Metro Vancou- “We have a tech hiring boom ize the city. chance to buy one of its 116 condos ver and Calgary. The One Water here,” explained Ryan Watters, HM Commercial Group recom- where one-bedroom units start at Street development will boast spokesman for the Downtown mends the stability and po- around $350,000 and two-bed- 36-storey and 29-storey condo Kelowna Association. Spurred Density zoning tential of the commercial and rooms are in the $800,000 range. towers. by the just-opened $35 million industrial real estate market for Many of the buyers are expected With a population of 127,800, Okanagan Centre for Innova- While condos are the focus of big- Kelowna investors. to be investors, said Randy Shier, Kelowna has seen 9.9 per cent tion – and some hot startups like ger developers, smaller invest- The industrial vacancy rate is president of Mission Group, growth in population since Club Penguin, which was bought ors should be snapping up the old now 3 per cent, down from 5.3 Kelowna’s biggest residential 2011. At $73,630, it has a higher by Disney Corp. for $350 mil- pre-war bungalows that fringe the per cent a year ago, and 365,600 developer. median household income than lion – Kelowna is ground zero for downtown, says Jason Pender of JV square feet has been leased or sold “The rental situation in Kelowna Vancouver ($71,140), but its an Okanagan tech industry that Development Group, who has been since mid-2016. Industrial strata is nuts,” Shier said. ”You will get average home price, at $492,000, bloomed into a $1.3 billion indus- doing just that. is selling for a record high of more $2,500 a month for a two-bedroom is less than half that of Greater try in just three years, with an This is due to Kelowna’s new than $200 per square foot and all day; $1,600 to $1,800 for a one- Vancouver. estimated 262 tech companies. RU7 zoning for downtown neigh- prime industrial land for more bedroom. Even a little studio, a It is not only mature Vancouver The effect can be seen in the bourhoods that came into effect than $1 million per acre. micro-suite, goes for $1,100.” downsizers moving to Kelowna, profusion of trendy restaurants, in January. In all, about 900 lots “Older industrial property is The Ella, build to high-energy- as witnessed by the large number coffee shops and pubs, knots of are targeted in central neigh- being knocked down to repurpose efficiency Leadership in Enery and of young workers in a city with millennials and 300 kilometres bourhoods. Under the zoning, the land, which has become so

THE HM COMMERCIAL REPORT

The most comprehensive 24 page guide to commercial real estate in the Okanagan.

Focusing on the Land & Development, Investment, Retail, Office and Industrial Markets.

https://www.hmcommercial.com/reports/fall-2017/

HM Commercial Waterfront RV Park & Surplus Agricultural Land for Winery, Orchard Downtown Kelowna - Apartments with Surplus Land Group is a boutique commercial real estate • 44 acres including a 6.55 • 2 bldgs w/ 26 rental units team that special- acre waterfront RV Park and • Below market rents izes in investment 37.44 acres of AG-Land • 25,552SF in unused FAR properties, land for • Expansion potential for 15- development, and • 2 blocks from the Lake leasing. Over the past 20 additional RV Sites • 5.8% Cap on future NOI few years we have sold Price: $4,990,000 over $400 Million in Price: $8,000,000 property transactions.

Revelstoke – 2 Apartment Blocks with Underground Parking CONTACT US Land Development Opportunities • 73 unit apt/townhome cmplx • West Kelowna - 8.3 AC lakeview site (30 units/HA) next to golf course $5,950,000 • 44 unit apt riverfront cmplx $4,800,000 HMCOMMERCIAL.COM • Current mkt vacancy: 0.4% • West Kelowna – 2.66 AC site in DT core (193 potential units) Macdonald Realty Kelowna • Cap Rates: 6.1% to 6.7% • Penticton – 1.7 AC site, zoned for high density multi-family $2,775,000 2700 Richter Street • Summerland – 6.5 AC waterfront site, ideal for resort, boatslip $10,750,000 Prices: $6,395,000 & Kelowna, BC V1Y 2R5 • DT Kelowna – highrise site, $39k/door (Market selling at $700/sf) $6,950,000 P: 250.712.3130 $11,795,000 E: [email protected] NOVEMBER 2017 | WESTERNINVESTOR.COM INTERIOR BRITISH COLUMBIA | B7

Multi-family rentals KAMLOOPS, BC & AREA IMPRESSIVE VIEW HOME Kelowna’s multi-family rental apartment market may prove attractive to investors spooked by Vancouver’s high prices and low capitalization rates. Based on recent Kelowna apartment building sales, prices are from $105,000 to $166,000 per door and cap rates are in the 4.5 per cent to 6 per cent range. $$988,800988,800 The typical apartment rents for $1.78 • Custom built one owner, 2 storey with basement per square foot and the Kelowna rental • Fully fi nished, 4 BEDROOMS and 4 BATHROOMS vacancy rate is 0.7 per cent, among the • 4 FIREPLACES lowest in Canada. However, about 1,150 • Large MASTER w/walk-in closet, 5 piece ensuite new purpose-built rental apartments have • Gas BBQ hook-up, large front and back decks Downtown Kelowna from the lakefront: a young army of high-tech workers is helping to started in the city this year, compared • .48 of an acre fully landscaped, fenced & irrigated transform the Okanagan centre into one of the most vibrant cities in B.C. | DESTINATION BC to 481 in 2016, which may push vacancy • 3 car garage one being 34ft deep rates higher. COUNTRY RETREAT valuable,” noted Jeff Hudson, co-founder immediately promising, according to an Like other real estate agents, HM Group of HM Commercial (HM), which is affili- HM report, especially for developers. The is bullish on Kelowna’s commercial mar- ated with Macdonald Realty Kelowna. retail vacancy rate is 4.9 per cent and net ket. As Hudson summed up: “The bottom Kelowna’s office market has 3.7 million absorption over the past year has been line: people want to invest in Kelowna.”■ square feet of space and nearly 12 per cent 77,000 square feet. There is less than of it is vacant, which Hudson concedes 10,000 square feet of new retail under “will take some time to absorb.” construction, but downtown lease rates KELOWNA BY THE NUMBERS $$647,000647,000 But much of this vacancy relates to the have risen to a range of $22 to $38 per 127,380: City population • Bridge Lake, BC 47 KM from Little Fort opening this year of the Interior Health square foot. • Douglas Fir Log home 21.3 acres facility and the Innovation Centre, which Downtown is where the retail action is. $1.3B: Value of high-tech industry • Fully Finished 2/storey with basement Cactus Club together drew 1,700 workers downtown has opened on the lakefront 282: Number of high-tech businesses • 4210 sq.ft. 4 bdrms, 4 bathrooms, and left older office space vacant. with the new Kelowna Yacht Club build- • Main fl oor, master, kitchen, living room, den Craft Beer Market $492,000: Average home price HM expects that the growth in high-tech ing; the has opened • Above, bonus room with 2 bdrms and bath Tim Hortons firms will be the basis for future demand in a 500-seat location and , $73,630: Median household income • Below, bedroom, rec room, laundry Starbucks Bean Scene Kelowna’s downtown office space. and are among the 0.7%: Residential rental vacancy rate • Fenced, X-fenced, pasture for horses, walking trails The retail sector looks more new or expanded coffee shops. • 34x50 shop, 2 10ft overhead doors, offi ce, unfi nished in back for possible barn animals, tack room CASTLEGAR 23.6 COUNTRY ACRES Former Rona Building Supply NNEWEW PPRICERICE $499,995$499,995 - 2 story retail/offi ce building • Room for horses • Private with picturesque valley and river view - High visibility 1.44 acre site • Great building sites - large paved lot • Backs onto Crown Land with trails • 40x40 shop - 400 amp. 3 phase power • 1500 sqft. 2 bdrm, mobile included w/good tenant $1,538,000.00 HIGH VOLUME CAFE • KAMLOOPS

Hi Lite Restaurant Full service restaurant with banquet room - Two self-contained suites $$199,000199,000 - Land & building • 55 seat restaurant • Located on busy corner in industrial park - Quick possession • Good exposure $249,900.00 • Includes business, equipment, small wares • Leased building approx. 1872 sqft. 3.38 ACRES Fast Food Restaurant & Offi ce Building HWY INDUSTRIAL LAND & SHOP Former Arbyʼs Restaurant - Fully equipped with drive thru window $$575,000575,000 - Offi ce building is leased with “A” tenant • For Sale or Long Term Lease - Priced well below assessed value • BARRIERE, BC along the Yellowhead Hwy, corner site, fenced $999,000.00 • 4200 sqft shop with 2 20x14 ohd doors • 3 phase power, 18ft ceilings, air lines & compressor • 500 sqft offi ce, lunchroom, washrms, utility Toll Free: 1-800-811-7650 • 4 free standing storage buildings • Zoning allows many uses inc/dwelling Cell Phone: 250-365-4731 oonini AskewAskew See our website for photos Offi ce Phone: 250-365-2170 MARVIN & JESSICA MATT www.joniaskew.com [email protected] [email protected] [email protected] KAMLOOPS REALTY LTD. call 1-250-319-8784 www.realestatekamloops.ca B8 | NORTHERN BRITISH COLUMBIA WESTERNINVESTOR.COM | NOVEMBER 2017 B.C. LNG bid still alive as Shell group eyes Kitimat site FEATURE | NDP has pledged support for $40 billion export terminal on northwest coast if government conditions are met

On the positive side, Calitz said By NELSON BENNETT, that the 40 contractors bidding on BUSINESS IN VANCOUVER contracts to build the plant now [email protected] have less competition for scarce skilled labour. Calitz reiterated what are often $40 billion liquefied nat- cited as two competitive advan- ural gas (LNG) plant pro- tages that B.C. has as a poten- Aposed for Kitimat is still tial LNG developer: proximity to very much alive, says the CEO of Asian markets and one of the lar- LNG Canada—but senior govern- gest, most productive natural gas ments may need to address tax plays in the world – the Montney competitiveness before Shell and in northeastern B.C. its three partners can make a final Earlier this year, Shell divested investment decision. itself of some of its natural gas “I actually believe that B.C. will assets in B.C., which raises the have an LNG industry, that there question of whether LNG Canada is societal support for an LNG in- Rendering shows liquefied natural gas export terminal at Kitimat as proposed by a consortium led by Shell would have enough upstream sup- dustry from B.C. and … I believe and which includes Korean Gas Corp., Mitsubishi and PetroChina. | LNG CANADA ply for the two-train LNG plant specifically the LNG project can the consortium wants to build in and will happen in B.C.,” Andy roadblocks; they’re road maps.” as it stands right now?” Mungall I believe specifically the Kitimat. Calitz pointed out that Business in Vancou- Calitz told A current glut of LNG on the said. “I’ve directed my ministry to LNG project can and will Shell is not the only partner in the ver, following an address to the market, much of it from new LNG look into that and to begin to work happen in B.C. consortium with natural gas hold- Greater Vancouver Board of Trade plants in Australia, has whittled with First Nations, local com- ings in B.C. (GVBOT) September 22. global LNG prices in half from munities, as well as the industry.” “The four partners in LNG Can- LNG Canada is a joint venture what they were in 2013, when Following the announcement ANDY CALITZ, CEO, LNG CANADA ada … have enough gas supply to company composed of the four many of the big players, includ- that two other major LNG projects keep the energy trains full,” he global energy companies that have ing Shell, were entering regulatory – by Petronas and Nexen Energy said. proposed the Kitimat project. processes. and proposed for Prince Rupert – “The combination of the NDP Michelle Mungall, the BC NDP’s But demand continues to grow in had been cancelled shortly after [MLAs] and Liberal [MLAs] who new minister of energy, mines and Asia, and there are new LNG mar- the NDP government took power, support an LNG project and a new petroleum resources, seemed to kets developing in India, Indonesia there was speculation that Canada ” mega-industry for British Col- share Calitz’s optimism, and said and Pakistan, meaning there will had missed the boat on an LNG umbia is good enough for me to her government is considering eventually be a demand for more industry. move forward in British Colum- some of the concerns the consor- LNG plants. “I don’t believe that Canada Nexen decisions have both posi- bia,” Calitz said. tium – Shell, Mitsubishi, Korean But Shell, which has LNG pro- has missed that boat,” Calitz told tive and negative implications for One of the biggest criticisms Gas Corp. and PetroChina – has jects on the drawing board in prac- GVBOT members. the LNG Canada project. from the industry’s standpoint expressed about moving forward. tically every time zone, has made Unlike the cancelled projects, “It strengthened the voices of of the former Liberal govern- “Our position has always been it clear that it will invest only in both the LNG Canada plant itself both the critics and naysayers that ment’s tax and royalty regime for supportive of LNG, as long as the projects that are competitive. and the associated Coastal Gas- say there will be no LNG from B.C. LNG was a special LNG tax, which industry meets our four condi- “We do need to address, on a Link natural gas pipeline are fully or there should be no LNG from companies in regions like the U.S. tions,” Mungall told reporters in a broader scale, what’s going on in permitted. The project also has B.C.,” Calitz said. and Australia do not pay. scrum after Calitz’s address. “And terms of the global marketplace the support of First Nations in the Among those naysayers is BC “That is a subject we are dis- what I think is important to re- and [the question is]: is B.C. com- Kitimat region, notably the Haisla. Green Party leader Andrew cussing with the government,” member is that conditions are not petitive in this global marketplace Calitz said the Petronas and Weaver. Calitz said.■ Dawson Creek and Area 6 MONTHS FREE RENT ON APPROVED Fantastic opportunity! Situated on 157 acres at Mile 2 of the Downtown Hair Salon: 1880 sqft building for sale with For Sale or Lease Alaska Highway this property comes with a 1 yr old 12,800 beautiful curb appeal and high walk in traffi c volume. LONG TERM LEASE! Industrial Location with 9676 Sq. ft. Commercial building - on .97 of an acre on a high sq ft truck shop with 4- 100ft drive thru bays, 2,400 sq ft on Business includes hair salon stations and 2 tanning beds Highway Frontage! 11,700 sq.ft. building. traffi c area of 8th street in Dawson Creek with ready access offi ce and 2 sleeping units each with 3 pce baths. Other as well as numerous other equipment. Currently a busy hair to all regional main highways. 1476 Sq. ft. of offi ce space, 10,000 sq.ft. shop with 4 drive through bays, improvements are 640 sq ft guest house, 2400 sq ft barn, salon with multiple stations. Seller is open to many options. 3800 Sq. ft. of Retail/Warehouse and storage space and the and 1,700 sq.ft. offi ce space. Fenced and 1863 sq ft animal shelter, a portable offi ce with attached Priced @ $399,000.00 remaining 4400 Sq. ft. is 5 bays of shop area. The shop also secured 1.675 acres is ideal for large trucks, garage. Beautiful building site with all the services in. includes a wash bay. Priced @ $799,000.00 or $10.00 P.S.F storage and parking. (previous residence burnt down) This is truly a one of a kind Reduced Priced @ $2,100,000.00 or $16.00 P.S.F opportunity to run your home based business and build your 6.15 and 4.237 Acres of Development Land in Dawson Offi ce Building Located in downtown Dawson Creek this 7950 dream home at the same spot. $1,195,000.00 Creek. This land is highly visible to all traffi c from Alberta sq ft offi ce building has an open offi ce concept with secured paved parking lot. Priced @ $895,000.00 or $12.50 P.S.F. For Sale Downtown Core: Commercial building with 3905 sq ft on border, close to the airport, and directly across from major Fantastic Investment Opportunity! 70 acres zoned Shop with Living accommodations. Situated on the the main fl oor, 3320 sq ft on the 2nd fl oor and an 1750 sq ft retail & hotel development. The C3 Highway Commercial For Lease zoning allows for anything from carwash/ service station to commercial/industrial in Dawson Creek on Hwy 2 dangerous goods route this 4 bay ( 5,200 sq ft shop) built in unfi nished basement. Main fl oor is leased out. hotel I motel to retail, auto sales and much more! Excellent Brand new commercial building on 8th Street next to Tim (Edmonton Hwy), Great location, all City approval and 2010 is on 9.6 acres of fully fenced Industrial land. The living Priced @ $259,600.00 development opportunity. $925,000 Horton’s. 4 rental units available approximately 1750 sq ft engineering done. Ready to develop NOW! LNG is REAL and accommodation is a 4 bedroom suite(1300 sq ft), with living Building for sale: HIGH traffi c location on Alaska Hwy with each, plenty of onsite parking. competitive lease rates. High Traffi c, High Visibility, Excellent Access and a rail line this property in prime for development. Priced @ $4,590,000 room, kitchen and 4 bathrooms. Low taxes as the property a 1540 sq ft building on .4 Acre lot. Existing Business has Priced @ $16.00 P.S.F running through the commercial property!! This desirable is not in City Limits, great location on the Alaska Hwy. European trained Baker that has many loyal customers Situated on 3.236 shaled, gravelled INVESTORS! This package of lots totaling 15acres zoned property is situated on Alaska Hwy just off one of the Great Industrial Shop! Priced @ $1,600,000 from far & wide. For more information or to discuss other and fenced acres. 5,400 SqFt shop with a 1,300 SqFt offi ce. M3 and C3 are perfectly situated with hwy 2 frontage and in busiest intersections in Dawson Creek. The approx. 10,200 Location, location!! Commercially zoned lot on the corner possibilities call the listing agent. Priced @ $310,000.00 The shop has four 16ft overhead doors with two more 16ft front of the Dawson Creek Airport. In any municipality, city sqft of heated, 12,200 sqft of cold storage space on 4.32 of Alaska Highway and 17th Street. 3/4 of an acre. Great doors on the end of the shop. Priced @ $18.00 P.S.F or metropolis lots like these are the cream of the crop and visibility for a new business. Ideal for a car wash or Businesses for Sale acres makes this a perfect location to incorporate your new line ups quickly form. convenience store or offi ce building. Priced @ $395,000.00 Motel in Dawson Creek: With many long term tenants in business venture. This is one of the few large parcels on High visibly lot on Highway 2 - Total of 7,249 sq ft with 2,876 Priced @ $2,500,000.00 Alaska Avenue. Lots of room for expansion. There is a long The most desirable heavy industrial commercial lot the fully furnished suites and a steady line up of current in sq ft offi ce and 4,373 sq ft shop. 8 offi ces, boardroom, 3 list of zoning usages that this gem can be used for. Don’t Investment opportunity in Chetwynd: 2400 sq ft former in Dawson Creek. This lot has it all, High visibility and town workers. A loyal cliental streaming into the tanning bathrooms. Secure compound, electric gate, paved parking, loose it to your competitors! $998,000 liquefi ed gas bulk sales station has had an enviro accessibility that is second to none. The lot has been business which has newer equipment! Invest wisely in this and excellent signage. Priced @ $16.50 P.S.F assessment, has long term Tenants currently willing to stripped and shaled down to the clay base. You would be turnkey established business. HIGH VISIBILITY HIGH TRAFFIC and right beside the new Brand New Shop: On .35 acre this shop has 2 bays 65 negotiate with a new owner and is situated on two great settling if you chose any other lot in Dawson Creek. This lot Priced @ $750,000.00 Peterbuilt shop. Along highway 2 and close to the airport feet deep, 560 sq ft offi ce area and a one bedroom suite lots with perfect access and parking. 2 large bays, 2 is also sub dividable and owner would be open to the RIGHT Fantastic Business opportunity: Very profi table and well this 3.4 acres of industrial land is all stripped, shaled and upstairs. Doors are 14 feet high, 400 amp 3 phase power, in separate store fronts, A secure compound, and a separate build to suit. Call listing agent now for more info before your run Dollar Store with More. Long term lease in place, owner fully serviced which makes it ready to build on. Priced at fl oor heating, bathroom with shower in shop. storage garage. Priced @ $249,000.00 competition wins this spot! $1,890,000.00 is prepare to train new buyer. Priced @ $300,000.00 $799,000, call listing broker for more info. Priced @ $18.00 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 NOVEMBER 2017 | WESTERNINVESTOR.COM NORTHERN BRITISH COLUMBIA | B9

FOR TURN-KEY BUSINESS For Sale 30,640sf Building Fast Food Business BUSINESS OPPORTUNITY NorthEast BC Frozen Yogurt in NorthEast BC Realty Ltd.

SALE BAR & GRILL 4 Acre Land Investing Our REDUCED ASKING $229,000 INDUSTRIAL CAMP Energy In The North Fort St In FORT ST JOHN, BC Dawson Creek BC Asking price (assets) includes; 14.63 Acres John, BC Asking price includes; all kitchen & bar This rare opportunity is located close to Kin Over $200,000 in furnishings, Light Industrial Land equipment, office & club furnishings plus Park, Dawson Creek Library, DC Secondary equipment, signage Wonowon BC decor, liquor license &so much more! Located in Fort St John Totem Mall School, Skateboard Park, Dawson Creek ASKING $750,000 INVESTMENT OPPORTUNITY Call Ron for information...Non-Disclosure - Confidentiality +/- Currently open 2-3 days a week Curling Rink, and so much more. Price includes 2 Engineer Shacks, 250 785 4115 Agreement required prior to release of detailed information 39,375sf Light Industrial Shanco Camp, Support Unit and offers a great return! MLS“C8012020 10220 101 Avenue ASKING $1.79 Million (office and 4 sleepers negotiable). LEASED Building on Imagine what you can do if you Fort St John BC V1J 2B5 Lagoon & Cistern system set up for expand business hours & offer www.NEBCRealty.com 2 Acres Industrial Subdivision Former School could be repurposed for INCOME PRODUCING camp use. Currently set up for up to full kitchen service for this city center 30 man camp with room to expand. Currently leased Long term commercial and/or residential use. RON RODGERS stand alone business Light Industrial Investment Op MLS“C8013280 City of Dawson Creek open to all ideas. OWNER - MANAGING BROKER If you are looking for an investment Call Ron for more information Email: [email protected] Call Ron to arrange viewing LAND & BUILDING PLEASE DO NOT DROP IN ON OPERATIONS Asking $2.2 Million opportunity in North East BC CURRENTLY ON SITE MLS“166295deal centrally located site. 10,400SF SHOP Specializing In then give Ron a call to discuss 2 year Non-Disclosure/Confidentiality Agreement WAREHOUSE ON 4.76 ACRES

required prior to release of detailed information COMMERCIAL

NOW ASKING $7.4 Million Call Ron for information MLS“C8013087 Asking $2.35 Million REAL ESTATE Owner motivated to sell MLS“N4507464 MLS“ C8010783 Was asking $7.7 Million due to health issues LONG TERM LEASE IN PLACE

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

UNIQUE PROPERTY FARM / RESIDENTIAL / COMMERCIAL / DEVELOPMENT 97 UNIT MOTOR INN SUBJECT • 469 acres/288 in hay production On 2.13 acres in downtown PROPERTY • 3 homes – main home has been renovated/ Prince George, restaurant, other two homes are rented out at $950/month/each ample paved parking, • 4th site serviced for another home/modular • Shop rented out for $500/month needs some updating. • Minutes from downtown Prince George Price: $3,700,000 Asking $1,700,000

Don Kehler Personal Real Estate Corporation Powerhouse Realty – Commercial/Industrial Division HANS JOHANSEN KIRK GABLE 250 960-9339 250 981-3535 Offi ce 250-563-1000 Cell 250-613-9553 teampowerhouse.com [email protected] [email protected] [email protected]

Demanded Prospect Park Area Prime Industrial Lease Property PRINCE GEORGE AND AREA

www.pgcommercial.ca GEORGE ‘Pastry Chef’ ‘FuJi Japan’ WEINAND 10231 - 85 Avenue 11579 Chevron Front Prince Georgeʼs oldest full- 2,000 sqft fully equipped modern High visibility & excellent access to the Alaska Hwy. Like new high 250-960-9556 Industrial 4.5 acres completely chain link-fenced. end 2-storey offi ce building of approx. 5000 sq ft. built in 2014. Main [email protected] service European Bakery. Highly restaurant on the corner of fl oor consists of 7 offi ces, board rm, coffee area. 2nd fl oor offers 8 profi table. Full equipped effi cient Yard is compacted and graveled at gate. offi ces, coffee area, storage rm. Attached 18,000 sq ft shop includes Victoria St. and 3rd Ave. Prince Power shed on steel pilings, open covered storage shed. staff rm, gym, parts rm with mezz. Clear-span & Quonset-style ROD production Bakery. Includes insulated shop provides ample room for all your equipment. land, building, equipment and George. Four years remaining Ready for occupancy. 3 Phase power. Misc. outbuildings, drilled well, Hotsy pressure washer, McLEOD lagoon...all located on 9.5 chain-link and well compacted acres. 250-961-3325 inventory. Ownerʼs retiring. on lease. This is an exceptional $1,500,000 - MLS# C8014450 $23.00/sq. ft. + NNN - MLS# C8014514 [email protected] Please DO NOT contact directly. opportunity at a bargain price. Ideal For Small Business! 14,000+ sqft Building For Sale THINK REAL ESTATE... The Best Investment on Earth NORTH EAST B.C. SHARE SALE $1,950,000 REDUCED $1,750,000 TUMBLER RIDGE 9628 Sikanni Road 10711 91st Avenue BEER & WINE STORE 2000 sq. ft. shop in the demanded Sikanni Complex. Prime investment opportunity in Fort St. John, B.C. Showing a 7.63 % CAP rate . 14,000+ sq. ft. building offers 3 units - MOTEL - TAVERN Shop measures 25' x 62' with the offi ce/reception measuring 25' x 18'. with 3 - 5 year triple net leases in place with strong covenants. Ideal space for a small business - this space offers a front reception area, This building has undergone extensive renovations in the last few years 48 Rooms plus Manager Suite 1 large offi ce, 2 piece bath, a mezzanine. to accommodate the tenants requirements. Now is the time to 110-Seat Restaurant. Leased - Sports Tavern capitalize on this investment and forecast for even a stronger rate of Sell Beer and Wine License - The shop has a 14' overhead door with 16' ceilings. return in the future. Clean environmental and survey completed. $16.00/ sq. ft. + NNN MLS#: C8010099 $2,800,0000 - MLS# 4507145 How much is the License worth?? Great Buy. Accelerate Your Business Alaska Highway Frontage Space Mine just reopened and second one soon. Manager in place - Don’t miss out on this one $1,700,000.00 Tumbler Ridge Wilderness Inn 49 units 9823 Alaska Road & 8816 98th Street 10422 Alaska Road 24 - 1 bedroom suites with 2 queen beds Phenomenal 1.79 acre serviced Alaska Highway frontage parcel Corner location, ample customer parking and awesome visual exposure. 21- 2 bedroom suites with 2 queen beds of land that is either for sale or build to suit with lease back. Main fl oor consists of 9150 sq ft of retail, display & warehouse space plus 4 - 1 bedroom suites with 1 king bed the extra fenced compound for storage. 3 phase power, rear alley access Conveniently located in a high traffi c location the C-4 zoning allows plus 1- Manager suite with 2 bedrooms for many uses. The rear 1.46 acres is chain link fenced, compacted & to the service bays and compound. Need administrative offi ces? The 2nd graveled with the frontage offering a sales building & paved parking fl oor offers 9 offi ces and an inner board room, roof top A/C. Owner willing Fully renovated with curb drop. Clean environmental assessment recently completed. to negotiate leasehold improvements and exterior upgrades. - over half a million upgrades $2,000,000 - MLS#: C8004200 $19.00/sq. ft. + NNN0 - MLS#: C8008066 in windows, doors, furniture Kathy Miller Sawchuk International Real Estate Services Inc Personal Real Estate Corporation Since 1978- Everything we touch turns to SOLD RE/MAX Action Realty (1991) Inc. 2nd Floor, Suite 203- 815 Main Street ~ Park Royal, West Vancouver BC V7T 2Z3 [email protected] 250-785-5520 Call Ben Sawchuk Toll Free: 1-888-785-5520 Cell 24/7 604.838.9992 E-mail: [email protected] B10 | NORTHERN BRITISH COLUMBIA | ALBERTA WESTERNINVESTOR.COM | NOVEMBER 2017

WWANTED!ANTED! INVESTMENTS HHIGHI G H LLEVEL,E V E L , AALBERTAL B E R T A EEDMONTONDMONTON AAPARTMENTSPARTMENTS FFOROR SSALEALE - WWHOLESALEHOLESALE LIQUIDATIONLIQUIDATION FFOROR SSALEALE CALGARY AREA 6622 LLOTSOTS IINN MMOBILEOBILE HOMEHOME PARKPARK 220%0% CCAPAP POTENTIAL!POTENTIAL! 6 uunitsnits OOliverliver • Hotel Site/multifamily site * 62 vacant lots of 82 lot bare land strata mobile home park 26 units Strathcona commercial site available in fast * Vendor has other interests / park package priced to move * Historically lots rented at $360.00 per month LD SSOLDO growing community * Do the work and there is great upside. 49 units Saskatchewan Drive • Chinese restaurant includes land, * Courtesy to Brokers SSOLDOLD building & equipment Located next to schools and shopping. Contact my team at Regional hub for Northwest Alberta with air service and • 300 acres with river running through, the regional hospital. gravel, highway access, potential REDUCED $699,000 Call for more details EEmail:mail: [email protected]@gmail.com development opportunity Sasha Uhryny MBA Real Estate • 31 acres industrial and commercial GGordonordon GreenGreen 6604-727-709504-727-7095 AAlliancelliance RealtyRealty Inc.Inc. development land adjacent to Highway 2 [email protected]@hotmail.com • 54 acres residential development land FOR SALE TERRACE, B.C. ready to go – Highway 2 frontage • Truck Wash – 3200 sq.ft. – 3 bays Clinton Manor • 279 acres located next to CROSSFIELD– PRICE REDUCED TO great possible development possibilities $1,900,000.00 • SOLD 3.26 acres in CARSTAIRS high traffi c area, excellent for multi-family or Motel Motel Prince George BC. 43 Quest Units + Manager’s Terrace BC Full Service Hotel Profi table with • CARSTAIRS - 35.85 acres development Suite .2 Story Building. Downtown Location Absentee high volume sales from: rooms, beer and wine site includes 2700 sq.ft home & out owner - manager in place since 2010. Good to Run for store & restaurant. Over 5 Acres. One of top outbuildings Family or Investors. Yr. Room sales $300K +. Price 1.5M hotels in town. 11.5% net cap rate. Price $4.5m • 137 acres with #2 highway frontage – excellent access • SOLD - AIRDRIE - Investment property - 5000 sq ft. industrial building – fully leased Seller is Motivated • 1.67 acres – multi-family site in growing community for quick sale Golf Course Central BC city 200 Acres. 100 Viking AB Hotel on 3.5 Acres with major highway • OLDS – 20 acres development site - Acres Vacant Land W/C-2 Commercial 100 Acres exposure, business w/28 guest rooms, liquor store, 28 unit mixed 1 bedroom and bachelor highway frontage Championship Golf Course, Open 6 months VLTs. Conference facility for all events and leased Manager in place, NOI 10%. Price $3.5m restaurant. Only hotel in town. Price $1.8m suite units. Full upgrades just • 118 x 120 commercial lot – great location completed - Clean and Quiet. Long term tenants - 3 additional city lots For more information on these and other properties included OR remove the 3 lots and $100K reduced pricing to $1.8M. CALL DON SACKETT RE/MAX ACA REALTY Call DAVE MATERI PREC 1018 Hammond Ave, Crossfield, AB T0M 0S0 Fax 403-946-5035 RE/MAX Coast Mountains Terracerrace (403) 946-5657 250-615-7225 ACA Realty Brandon. MB Motel 87 Units w/restaurant. AB Hotel 45 Rooms, leased restaurant. 2 acre [email protected] [email protected] 2 acres land. Room rev $1.3m + $30k leased land. Town in booming natural gas region. 100% www.donsackett.com 65% fi nancing. At core city, pending franchise. renovated in and out, ready to shift to fl agship www.Davemateri.ca Revenues keep growing yr. by years. Price $4.6m operation. Good fi nancing available. Price $4.5m

INDUSTRIAL • 1.33 acres with all city services, paved road, fenced $229,000 • 120 acre sawmill site 15 minutes from Prince George, several buildings, scale, paved yard, 2 water systems $2,200,000 • 11,000 sq ft light industrial building in central location $12.00 gross • 28,642 sq ft quality building on 5.36 fenced acres, cranes, Kamloops BC Townhouse, 16 units, 3 bedrooms, Northern AB First time on Market Yearly $200k sprinklered, paved parking. $2,900,000 full occupancy. 3 Storey Building on 3/4 Acre. sound rental income plus 30 room motel $500k Net income $130,000. Possible strata develop. to $700K w/low overhead. Option w/owners to • 21 Acres close to downtown onHwy 16 E. $599,000 Price $2.55m run truck stop / Gas station. Price $3.5m • 18,683 sq ft warehouse on .88 acre $839,000 or $5.50 net 603 Algoma • 4514 sq ft light industrial/retail, great location $8.50 net • 119 acre gravel pit with 600,000 m3 of good quality gravel $1,300,000

DEVELOPMENT LAND • 8.15 acre with city services, subdividable $119,000 • 10 acres, 570’ of Hwy 97 SouthSSOLDOL frontageD close to city $150,000 • 160 acres in city with 6300 m3 of timber $189,000 Alberta Motel 2 Story 50 Luxury Units w/Manager’s Suite, Chilliwack Bowling Alley 24 Lanes, 80 Seats Freestanding Restaurant, located in a Town in the Centre Pub, 4 Rental Retails, 3 Bedroom Penthouse, of Natural Gas Region, Hwy exposures, Revenues Project 40,000 sqft, 3 storey concrete building. BUSINESS OPPORTUNITIES/OFFICE/RETAIL $1.5m- $1.8M + $1m Restaurant, 10 years New. Price $7.6m Price $3.3m • 15,000 sq ft former bank downtown $950,000 or $11.00 net Otway Gravel Pit • 2.89 acre C6 with 19,406 sq ft former auto dealership in city $3,900,000 Contact: John, C Nam • Retail/Offi ce strip, 19,800 sqSSOLD ftO , L12D tenants, 6.7% cap $2,100,000 • 6000 sq ft of quality accessible downtown offi ce $6.00 net Direct: (604) 805-9131 • 148 acres with 1360 acre woodlot $275,000 Email: [email protected] D • 350 acres with 1448 acreSSOLD woodlotOL $325,000 Coldwell Banker Westburn Burnaby, BC Canada HANS JOHANSEN KIRK GABLE 250 960-9339 250 981-3535 [email protected] [email protected] WESTBURN REALTY NOVEMBER 2017 | WESTERNINVESTOR.COM BUSINESS OPPORTUNITIES | ALBERTA | B11

• HOTEL (FLAG): Room 70, Sale $2.0 mil +, less TAX LOSSES FOR SALE Commercial than 10 years old ...... $6.8 mil. • HOTEL (FLAG): Room 70, Sale $1.3-1.6 mil, LOCAL COMPANIES condo units Population 60K ...... $5.45 mil. For Sale or • GAS STATION: Gas $1.2 mil, Store $1.0 mi. 30 (Real Estate Related) min from Edmonton...... $1.2 mil 9 separate company losses: Lease • HOTEL: Room 9+Liquor $560k+Bar $210k+VLT $50K+Leased restaurant $30k ...... $990,000 Total of: $30,000,000 • HOTEL: (Franchise) in Lethbridge. Room 86, (smaller company losses available) leased restaurant, land 1.5 acres ...... $7.4 mil. • Approx 3000 sq ft Commercial Condo Unit with Raw land in Warner Business Park • STRIP MALL (4 BAY) + CONVENIENCE STORE: Deal direct fenced compound • 4.02 Acres of fenced raw land Rent Income $47,000, Sale: $800K ...... $950,000 Flexible terms! Excellent Value! • Excellent location in Aldersyde – intersection of • MOTEL: 38 room, 30 mins from Waterton Park $920,000 Hwy 2 and Hwy 7 • Excellent location off Hwy 2 – easy access to Contact William Calgary, Okotoks, High River • CONVENIENCE STORE: Calgary...... $1.25 mil. • New steel frame building, almost full (phone / text / email) • Store front door, and 16’ overhead door at rear • Commercial truck accessible Thomas Koh (CIR) 403-680-9827 Mobile 604-657-1270 RRTEC Holdings Inc 403.969.0106 [email protected] [email protected]

OPPORTUNITY TO ACQUIRE A MIXED USE HOTEL Morinville Plaza Hotel and Suites

✓ 30 rooms + 7 long term studio suites Reed Newnham, ✓ 84 self storage units Associate 780.429.7573 ✓ Four commercial tenants ✓ [email protected] Priced to sell Partnership. Pe

www.cwedm.com 780-420-1177 1-877-429-9373 SHERWOOD PARK SHOPPING PLAZA RECEIVERSHIP SALE MULTI FAMILY OPPORTUNITIES • 2.13 acres, Cold Lake; R4 zoned for up to 82 units multi-family, behind Tri-City Mall; $975,000 • 23,222 sq ft Cold Lake; R3 zoned for up to 8 units multi-family, behind new Elementary School; $328,000 • Numerous parcels of residential and commercial development land available in County of Leduc • 65,000 sq ft newly built plaza on 5.34 acres • 19,562 sq ft on 5.02 acres • 33,454 sq ft commercial/retail site along highway in • 75% leased with fully occupied projected income of • 2 separately titled lots Westlock; zoned highway commercial $1,990,000 • Sale Price: $5,900,000 • Diversified tenant mix with 10+ year leases [email protected] • 8 individually titled buildings may be sold separately EXCEPTIONAL RESIDENTIAL LAND [email protected] NISKU INVESTMENT OPPORTUNITY DEVELOPMENT OPPORTUNITY • ±69 acres • Leased to Triple A International Covenant 5.71 ACRES OF PRIME DEVELOPMENT LAND • Adopted area structure plan • 58,000 sq ft on 3.53 acres • Located in mature area of Fort Saskatchewan, Alberta • Strategically located between Sherwood Park and the • ±7% cap rate on 2007 built facility future town centre of Bremner • DC Zoning (Mixed Use - Residential/Commercial) [email protected] • Easy access to major arterial roadways [email protected] TRADER RIDGE, GRANDE PRAIRIE • Fully serviced FOR SALE / LEASE / BUILD TO SUIT • Community has shown steady growth with a HIGHWAY EXPOSUREOSU LANDS • Grocery anchored retail land population increase of 31% since 2010 (currently • Anthony Hendaynday & RRaRayayy GGibbonsibbo Drive, Edmonton • Auto Mall/Retail/Industrial development 24,569 - 2016) • 2 - 13.76 acreseess • +/-142 acres on NW corner of 100 Street & 132 Avenue • Commercialcial ZZoningPENDINGonnining • PRICE REDUCED: $575,000 per acre • Sale Price:e: $$5$525,0005225 000 per acre [email protected] [email protected] [email protected] [email protected] [email protected]

30.55 ACRES - BEAUMONT, AB CY BECKER DEVELOPMENT LAND DELTON CENTRE PLAZA • Part of Beau Val / Lakes South ASP • 20 acres of approved subdivison lands • Great value add property; 35,000+ sq ft • Zoning outlines - Mixed Use and Residential • Residential mixed dwelling zone including single • Fully leased with diverse tenant mix of national, • 5th fastest growing community in Canada (5% family, row house, duplex and low rise apartment regional and medical mix • Sale Price: $11.6 Million annual) • Sale Price: $6,500,000 ($325,000/acre) Seif [email protected] [email protected] [email protected] [email protected] [email protected] INVESTMENT OPPORTUNITIES 141 ACRES - SPRUCE GROVE EXCELLENT FRANCHISE OPPORTUNITIES Interested in owning a restaurant? These and many • Retail Building: $575,000; 11804-45 Street, • Highway Commercial - ASP in place • Zoned UR (Urban Reserve) more are available: Edmonton; ±5,955 sq ft; Development Permit in • Sale Price: $13,200,000 ($93,617/acre) • Second Cup - Riverbend Square: Reduced - $199,000 place to allow for construction of 3 apartment suites FREE STANDING MULTI-TENANTED BUILDING • Second Cup - Spruce Grove: Reduced - $75,000 on the 2nd floor • - Vermilion: $2.3 Million • Completely refurbished 2 storey 15,000 sq ft building • Lloydminster Truck Wash: Fully automatic state of • Ideally situated within the downtown core • Famoso Pizzeria - NW Edmonton: $499,000 the art facility; 15,000 sq ft on 8.1 acres • Leased until 2019/2020 • Famosa Pizzeria - Grande Prairie: $200,000 • Sale Price: $2,890,000 • Cora Breakfast & Lunch - SW Edmonton: $795,000 [email protected] Adel.Hanafi@cwedm.com [email protected] [email protected] B12 | ALBERTA WESTERNINVESTOR.COM | NOVEMBER 2017

Alberta | WHAT’S HAPPENING U-District lands anchor tenant

acres of commercial and resi- million on 902,119 hectares at St. Albert is on dential units, called Grandin an average price of $343 per Park Plaza and Grandin Parc hectare. commercial roll Village. The first of two com- “While a few areas and plexes, called Grandin Parc specific plays continued to residences, has been completed dominate the land sale pic- – 91 units with about 30 filled. ture this week, it’s interesting Once the area is developed, to note that we’re not seeing there will be eight buildings nearly as many parcels posted making up Amacon’s down- that are attracting very small town urban village. bids (less than $10 per hectare), The twinning of Ray Gib- or no bids at all,” said Brad bon Drive, which currently Hayes, president of Petrel Rob- has about 20,000 vehicles ertson Consulting Ltd. “Most pass through every day is also parcels appear to be posted While it may appear that underway. Once twinned, Ray for a purpose, and operators Calgary’s University District development has broken ground and will open in residential dominates the St. Gibbon will have four lanes and are paying substantial dollars 2020. | WEST CAMPUS DEVELOPMENT TRUST Albert development scene, a above-grade interchanges and pretty much across the board.” number of commercial real es- will serve as a Highway 2 by- Highlights of the sale in- ave-On-Foods is joining Cal- Capital Advisors Ltd., will feature 288 tate and infrastructure projects pass for St. Albert. The entire cluded a group of continuous gary’s University District as units of residential space. The units are also underway in the city. eight-kilometre project is ex- leases, which combined for Sone of the major anchor tenants are anticipated to be one- to three- Here are some highlights, pected to reach completion in total bids of nearly $15 million. and part of the first mixed-use de- bedroom floor plans that range in courtesy of St. Albert Gazette. the next 10 to 15 years at a cost velopment block within the project. size from 528 square feet up to 1,130 The new Alberta Gaming and of around $330 million. The grocery store’s opening will take square feet. Liquor Commission building Project 9, a giant sewer line, Calgary agents place shortly after University District “The vision for University District located on Boudreau Road and estimated to cost $40 million, welcomes its first residents in 2020. is for it to be one of Calgary’s most Veness Road in Campbell Busi- will service new developments gain confidence “We are excited for Save-On-Foods livable communities, offering mixed- in west and southwest St. Al- to be a part of University District,” use residential and retail opportun- ness Park is under construc- Only 7 per cent of Calgary bert. The city project, which said James Robertson, West Cam- ities, giving residents everything tion. The 546,000-square-foot commercial real estate agents is well underway, is expected pus Development Trust’s president they need in one central location,” space will be a liquor distri- in a recent survey expect the to be complete by the summer and CEO. “It is a natural fit and the said Barry Poffenroth, director of bution centre with some of- city’s troubled Class A office fice space. A total of 473,000 of 2018. company shares common principles real estate at Gracorp Capital Ad- space vacancy rate to rise, but about lifestyle with our vision for the visors Ltd. square feet will be used as a the majority do not expect to warehouse. The $91.5 million community.” Nine additional retailers will be part see an increase in downtown “Save-On-Foods is about building of the grocery store block and have project is around 66 per cent Oil land sales office lease rates. complete and will be finished relationships with our communities been carefully chosen, from neigh- The downtown Class C office and University District is no excep- bourhood coffee shop and specialty by 2018. remain strong market, however, will con- tion,” said Save-On-Foods president restauran to a pet store and a wine The Anthony Henday Busi- At a land sale in mid-Septem- tinues to see challenges, and Darrell Jones. merchant. In the coming months, ness Park, managed by Quad- ber, the Alberta government suburban offices could see a Above the grocery store, the mixed- the trust will be announcing some Real Property Group, is ready brought in $34.8 million with recovery in lease rates. use rental building, built by Gracorp of those retailers.■ to start developing. The area interest in the Duvernay re- The findings come from a covers 125 acres and is an ex- gion dominating the action, third-quarter Colliers Inter- tension of the Riel Business according to Oilweek. national sentiment survey of next year, while lease rates and ten- in that sector. Park, adjacent to Bellevue Vil- Industry picked up 96,240 Colliers agents who deal in the ant demand are expected to improve. The best industrial markets for in- lage. It is in its first phase of hectares (237,400 acres) at an office and industrial market. The strongest demand is forecast vestors and developers will likely be construction, which is focused average price of $361.57 per In the industrial sector, cap- to be in warehouse and distribution seen in Calgary’s central and south- on industrial development. hectare. Year-to-date, the italization rates are forecast to space, with 86 per cent of respond- west regions, according to the Col- Amacon is developing 9.6 province has collected $309.43 be move downward over the ents seeing higher lease rates coming liers survey.■

Seeking Return on Investment? • Asset or share sale 10,000 ft2 facility servicing 500 + hotel rooms

• Tertiary Market Hotel above 55 % Occupancy on > 20,000 room nights Elkayal Real Estate Inc. • Edmonton High Rise development site zoned for 9.5 FAR mixed use Mohamed Elkayal, CCIM • 83,000 ft2 redevelopment site > 60,000 traffi c count – Calgary FAR potential Broker/Owner Dir: 780-906-5822 • Four-year average NOI > $350,000 – Hospitality; VLT; F & B Servicing Edmonton & Area Since 1993 ADVERTISE 2 2014 Life Member Award - Professional • 80% Phase One Development 309 acres Country Residential at $0.43 ft REALTORS® Association of Edmonton WHERE INVESTORS In grateful acknowledgement of long & faithful service to the association ARE LOOKING PPetereter KalvenKalven, AAssociatessociate * PARCEL ACRES - $1,350,000 Opportunity knocks for this 69 Acres Parcel. Had Pre Approval [email protected] for 16 lots. Close to all amenities. For more information please call. Yorkton Realty Inc. Yorkton Realty Inc., 2430, Manulife Place, *INDUSTRIAL PROPERTY - $2.8 M 10180 – 101 Street, Edmonton, Alberta T5J 3S4 Great opportunity for this well maintained buildingD comes with 7200 Sq/Ft Has 2 long termSSOLD Tenant.OL For more Information please call. *DUPLEX SIDE BY SIDE - $485,000 PPamam GGillill Opportunity for small investor for this well maintained property. 780-455-4088 www.apartmentsinedmonton.com Run by owner. Comes with 3 bedrooms for each side. Basement has 1 bedroom suite. For more information, please call. twitter@pamgill9 [email protected] Sutton Central Commercial An independent member broker *PARCEL ACRES - $600,000 Motivated Owner. Opportunity knocks for this 40 Acres Parcel. Close to Hwy. Not in Subdivision. For more information please call. EDMONTON *ACRES LOT - $99,500 RA7 – Land - Edmonton North ...... $599,000 Opportunity knocks for this 2 Lot Acres side by side, one acre each. Can be sold together or separate. Ready to build your 6 units – Downtown ...... $760,000 dream home. Year around for fi shing. For more information, 7 units (residential/commercial mix) downtown ...... $818,000 please call. *OFFICE SPACE FOR LEASE 14 units – East ...... $1,750,000 Three units available, 1120 sq.ft., 1200 sq.ft. & 1420 sq.ft. 15 units – Downtown ...... $1,935,000 * COMMERCIAL BUILDING $75,000 Opportunity knocks for this free standing building. Come with 15 units – Downtown ...... $1,875,000 living area. Was operating as a bakery/cafe. Owner retired. For 17 units – Westwood ...... $2,210,000 more information, please call. 604.669.8500 CONVENIENCE STORE - $175,000 23 units – Downtown ...... $2,640,000 * TOLL FREE 1.800.661.6988 Excellent and Great Opportunity for this well Established Downtown – commercial offi ce/ retail building ...... $2,600,000 Convenience Store with Steady Clientele. Come with Low and WESTERNINVESTOR.COM 28 unit townhouse complex - Edmonton North ...... $9,000,000 long term Lease. Has Lotto and Phone card. Surrounded by 4 Motel, 2 Bar and new Industrial area with no Competition. NOVEMBER 2017 | WESTERNINVESTOR.COM ALBERTA | SASKATCHEWAN | B13

Income Producing Property SASKATCHEWAN BUSINESS AND Huge Upside – New Development Accelerating success. THE BATTLEFORDS INVESTMENT OPPORTUNITIES FOR SALE 24 Kitchenette Suites; SSALEALE OORR LLEASEEASE Showing gross revenue for 2016 $284,252 Revenue for 2017, up by 25% 2125 11TH AVENUE & 1750 LORNE STREET, REGINA

1 3 M o b i l e H o m e s – C u r r e n t r e v e n u e • Central Business District medical office EXCELLENT BUSINESS OPPORTUNITY 7.08 ACRES OF INDUSTRIAL ZONED LAND building located across from Cornwall Centre 7,000 sq. ft. commercial building with Highway #16 frontage Completely fenced located adjacent to Territorial Drive in $106,320 • 59,495 SF building, long time solid tenant roll in the City of North Battleford, SK. That is currently operating McMillian Industrial Park North Battleford, excellent location • Stabilized NOI $810,000 as a Truck and RV Wash located on 1.45 acres. The building for heavy traffi c access. The steel framed metal cladded List Price $10,500,000 Gross revenue - $390,572 • Excl. has two bays 23 x 110 ft. building has 18,900 sq. ft. with heavy fl oor construction Michael Kelsey | 306 347 2858 | [email protected] $1,125,000 MLS® SK593387 Listed: $599,900 MLS® SK603647. D’Arcy Skwara | 306 347 2480 | [email protected] 11% Net Return on the SSALEALE OORR LLEASEEASE Colliers McClocklin Real Estate Corp. | 306 664 4433 Asking Price: $2.1 Million CIR Commercial Realty Inc. | 306 789 8300 New Listing YOUR ADVANTAGE IN ALBERTA 72 Modular Homes Subdivision MINUTE MUFFLER BUSINESS EXCELLENT INVESTMENT OPPORTUNITY HIGH END FRANCHISE HOTEL In North Battleford, SK being sold including land, 4 bay Property that is zoned C4 located in a close proximity to Territorial Saskatchewan Asking: $27,900,000, Revenue : $5,327,200. 168 room Very High building, all equipment, stock/inventory, 1994 Oldsmobile Drive and Highway #16 and having good access to a street that has End limit service franchise hotel with great cash fl ow in AB. car, 1997 Ford 150 truck. Excellent opportunity to purchase a the highest daily traffi c count in North Battleford, SK. This property consisting of 5 lots being about 4.39 acres. The main building located With Modular Show Homes on some lots. well-known franchise that has been in this location for about Eight (8) Lots with Modular Homes sold, FRANCHISE MOTEL IN CALGARY on 2 of these lots has 10,400 sq. ft. of developed offi ce retail area with Asking: $7,750,000, Revenue ( 2016 : $1,401,201) 30 years. a tenant and about 2880 sq. ft. of heated work shop area. showing $225,000 net revenue aft er taxes, Three stories 68 guest room originally constructed in 1980 with $998,000 MLS® SK590438 Listed: $2,350,000 MLS® SK592761 over capital costs of same. signifi cant renovation in 2012 totaling $2.1m and additional $700,000 for exterior renovations in 2015. The physical In addition there is revenue from Current characteristics of the hotel are in very good due to the recent Mobile Homes @ $6,270 per month. whole renovations to the interior and exterior. Well located in the NW district , which provides good access to major commuter arterials , Huge upside, with an estimated 30% profi t. and access west to tourist destination to Banff etc. Aged owner. Property must be sold GOOD CASH FLOW HOTEL IN BC Asking: $7,200,000, Revenue: 3 Year average: $2,959,106, 2017: $3,104,726 (Room: $2,070,562, Restaurant: $1,034,614). 3 Year DEVELOPMENT PROPERTY Walter Tymo evich Mt. Sentinel average NOI: $1,052,707. 62 rooms Restaurant & lounge with 1.6 Two parcels of property in the resort village of Meota, EXCELLENT BUSINESS OPPORTUNITY SALE/LEASE Realty Ltd. Acres land located at a district municipality in the geographic centre 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 Owner/Broker of British Columbia. Battleford, SK with an anchor long term tenant in place and with an highway commercial and 27.6 acres of commercial/ 928-726-9638 additional 6,600 sq. ft. available to be occupied. Excellent opportunity [email protected] WELL MAINTAINED HOTEL IN NORTHERN AB 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 Asking: $6,700,000, 89 room hotel which was built in 2008 located Battleford, SK reminder of the building that would provide an income. Northern AB has potential to increase the valuation by converting franchise motel and a strong commercial and retail sector boasts MLS® SK593674 MLS® SK593675 Listed: $1,950,000 MLS® SK593855 CURRENT OFFERINGS many business in this town. • Strata Apartment and Towne House complexes Plus FRANCHISE HOTEL IN BC Retail Units: A Superb Multi-Family development Asking: $6,250,000, 2017 Projection: $1,600,000. - 90 guest room hotel which was renovated in 2015 with $2.1 consisting of 71 apartment Units – 62 2- bedrooms, million being invested in the property with 1.975 Acres land. 9 – 1- bedrooms; 13 – 3 bedrooms 2 storey Towne - Two (2,500 Sqft & 3,800Sqft) vacant space presenting leasing Houses, 3 Retail spaces, plus 46 rental Garages. All opportunity and 5,000Sqft conference centre that is not currently in use located in SE BC. Apartment units and Townhouses are air conditioned. - Forth fl oor of the property is unimproved and total 10,000Sqft can The revenues of this development are indeed, be converted into additional hotel rooms or apartment suites for long GREAT OPPORTUNITY TO GREAT INVESTMENT outstanding and features 100% occupancy, currently. term or short term rentals. DEVELOP LAKE PROPERTY OPPORTUNITY Asking $16,995,000.00 FRANCHISE HOTEL IN MB(NEW) A property that over looks two lakes at Cochin, SK with a Commercial building of about 6000 sq ft in the city of North • A Flagged 92 Room Limited Service Hotel, featuring Asking: $5,490,000, Revenue (2015: $1,304,371, 2016: $1,309,165) development of 57 lots that needs to be completed. Rare Battleford located on a main traffi c route. Has a tenant that 58 Room with 3.4 Acres land located 74 Km west of Winnipeg opportunity that does not come along every day. is with a triple net lease agreement. a variety of room confi gurations among many other along Trans Canada Hwy with 12,996 population and the business outstanding features, plus, exceptional operational will be much better next 3 years by big project that already started Listed: $1,500,000 MLS® SK709065 Listed : $760,000 MLS® SK707308 performances that are enhanced by it excellent in surrounding area. Wally Lorenz Dorothy Lehman location. The potential upside for continued superb FRANCHISE HOTEL WITH LEASED RESTAURANT IN EDMONTON Owner/REALTOR® REALTOR® performances going forward are very good, under Asking: $4,900,000, Revenue (2016: $1,122,742, 2015: $1,234,979) prudent management. Asking Price $11,500,000.00 Well maintained 47 room , 3 bed manager suite, 1.27 acres land with [email protected] [email protected] leased restaurant located at main Tr. corridor . RE/MAX OF THE BATTLEFORDS • A Flagged 122 Room Full Service Hotel in superb Each offi ce is independently owned and operated 306-446-8800 condition, featuring an array of excellent amenities, FULL SERVICE HOTEL, LIQUOR STORE IN BC well located with main artery exposure, excellent Asking: $4,800,000, Revenue of 2015 Motel: $742,485, Restaurant: $878,633, PUB: $1,055,344, Liquor store: 1,098,837. Operational performances, substantial potential 32-room hotel, restaurant, sports bar, private dining/meeting upside, going forward under continued prudent room, and Liquor store with 7.220 acres land which was built in 1979 .The community is the regional retail and service hub for the management. Asking $19,900,000.00 northwestern portion of BC with a 11,486 population. • A 260 Room Hotel located in a region of dynamic FRANCHISE MOTEL IN SOUTHERN AB economic growth and long term sustainability; the Asking: $3,150,000, Revenue: 2014 $1,09,545, 2015 $719,006, continuous yearly high revenue performances of 2016 Expectation : $650,000, 48 Room limit service Hotel which this outstanding property speak for itself. Further, it was built in 1996. is indeed in excellent condition, there are no differed MOTEL, BAR AND LEASED RESTAURANT maintenance. The potential up-side going forward is ASKING: $2,490,000, Revenue for 2016 $722,025 (Room: very good, under continued prudent management. $458,782, Rental : $24,000, Bar $188,131 VLT: $51,112) ,35 room, Asking $56,900,000.00 Two manager suite, 2 staff room, 4 VLT with 1.26 Acres land located 1H30M from Calgary with 2,000 population • A Flagged 89 Room Limited Service Hotel in superb ADVERTISE WHERE condition, featuring a variety of suites in its room mix, MOTEL WITH LEASED RESTAURANT indoor door swimming pool and waterslide among ASKING: $2,070,000, Revenue (2013: $976,876, 2014: $1,025,479, INVESTORS ARE LOOKING many other recreational features, very good operational 2015: $547,285, 2016: $347,052), 2.18 Acres land, 48 room include performances, which should continue going forward 3 bedroom manager suites with leased restaurant which is $3,300 /m under prudent management; being offered at price well located in east-central Alberta . Business has been busy since June 2017 and expect to be back as normal in 2015. below replacement cost. Asking $8,900,000.00 • A 63 Room Flagged Limited Service Hotel consisting GAS STATION , C STORE WITH 1 TENANT NEAR CALGARY of a very good mix of rooms; this property is relatively Asking: $2.20,000, Revenue: $4,209,992 It has been operated by original since 1984 located near Calgary new and is in excellent condition with no required up- with well maintained double wall fi berglass tank , instant inventory grades in the near term; its operational performances monitoring system, Tank leakage system and new twin electronic deliver superb results and should continue to do so, pumps. Rental income from DQ Tenant and 0.583 Acres extra land for future development. going forward. Asking $7,000,000.00 • A Flagged Limited Service Hotel consisting 128 MULTI FAMILY CONDO IN CALGARY Rooms & Suites, of exceptionally good quality and ASKING: $5,900,000, 12 Apartment in one building include underground parking (2 unit, 1 Bedroom, 6 unit 2 bedroom and featuring plus many amenities to satisfy the varied 3 unit 3 bed room condo) project which will be completed in 2018 desires of its guests, located in an excellent location Spring located at beltline near LRT Station. of economic diversity, attested to by its continuous outstanding operational performances, which should www.francisleerealty.com continue going forward. Asking $20,500,000.00 FRANCIS LEE COMMERCIAL REAL ESTATE VINCE BOYLES Francis Lee 403-237-5584 • 1-888-482-5583 Cell 403.680.6130 604.669.8500 TOLL FREE 1.800.661.6988 EMAIL: [email protected] Fax 403.476.5334 WESTERNINVESTOR.COM [email protected] MONTCALM PROPERTIES LTD. Maxwell South Star Realty www. montcalmpl.com Associate Broker, IC&I Full Commercial Member B14 | SASKATCHEWAN WESTERNINVESTOR.COM | NOVEMBER 2017

Sask. & Man. | WHAT’S HAPPENING Saskatoon attracts big-brand

a decade ago. things will improve because retailers as vacancy rate falls Office landlords Downtown properties are the number of industrial spending millions in upgrades building permits is down sig- forced to upgrade and trying to lock tenants nificantly from a couple of down with long-term con- years ago. Much of the specu- tracts before the first tower of lative building took place at the $400 million True North the new Marquis Industrial Square opens up in the sum- park, and Campos said that’s mer of 2018. where further development Martens said new projects al- will happen once absorption ways put some upward pressure picks up. A $25 million facelift appears on vacancy rates. “We’re starting to show some to be paying off for 360 Main “Winnipeg needs an ongoing stability,” he said. “It’s likely Street. supply of new-generation of- some of these trends are going One of Winnipeg’s three sky- fice, retail and multi-family to hold steady.” scrapers at the corner of Por- buildings downtown to make Saskatoon has 1.9 million Save-On-Foods, which opened in Saskatoon’s South Kensington area this tage and Main is preparing to it more desirable for tenants,” square feet of industrial space year, plans two more outlets in the city. | SUBMITTED welcome a few new tenants. he said. and there has been negative TD Bank and Canada Revenue absorption of nearly 30,000 square feet this year. Indus- etail continues to be the belle neighbourhoods,” he said. Agency have recently signed of the ball in Saskatoon. One of the most noteworthy long-term leases in the 32-stor- Space vacant trial average asking rates are $10.65 per square foot, but R According to a new report newcomers is Save-On-Foods, ey tower. some landlords are flexible. from Colliers International, the which opened its first location in Several more tenants have yet after speculation vacancy rate in the city’s retail sec- South Kensington this summer to be publicly announced. In normal times, negative ab- tor has fallen from 4.3 per cent a and plans to add two more outlets “Downtown tenants such as sorption wouldn’t be seen as year ago to 3.2 per cent at the end in town. Other brand names set- banks, law firms, insurance a positive development in any Sears closure of September, thanks primarily to ting up in Saskatoon include Taco companies and government industrial market, but these the leasing out of two empty Target Bell, Popeyes Louisiana Kitchen, continue to benefit from the are not normal times. hits Polo Park stores, which closed in 2015. Skechers, Party City and Bed Bath urban infrastructure and With the Saskatchewan Max Lee, a licensed sales as- & Beyond. amenities by having offices economy still finding its legs, sistant at Colliers International Perhaps the most desired part of downtown,” said Armin Mar- coupled with a slowdown in said Saskatoon has been under- town for retailers is 8th Street, Lee tens, CEO of Artis Real Estate development, the vacancy retailed compared to many other said. “Everybody wants to be there Investment Trust. rate in Saskatoon’s industrial cities across the country but has but there’s no space,” he said. The facelift began last year market inched up by 10 basis been catching up. The key to suc- There is some light at the end of when the building’s windows points to 8.1 per cent at the end cess with recent developments has the economic tunnel, too. The Con- were replaced and the curtain of September, the highest in been locating close to residential ference Board of Canada predicts wall and environmental bar- the country. developments. Saskatoon will have GDP growth rier were upgraded. Martens That’s down from more than Sears Canada has announced “They’re in areas where people of 1.6 per cent this year following said the company knows it has 9 per cent a year ago but it’s plans to close all its stores are living and they need services. two years of negative growth, while to work hard to upgrade and up from less than 3 per cent across in Canada, including its [Developers] have been success- the city’s population is expected to maintain its property in state- in 2007. 270,000-square-foot location ful in attracting tenants to those grow by 2.6 per cent.■ of-the-art form. Alvaro Campos, brokerage at Winnipeg’s CF Polo Park. The departure of TD from 201 business manager with ICR The move comes just days fall from grace, Peter Havens, general will be out of a job,” he said. Portage, the city’s tallest tower Commercial Real Estate, said before the beleaguered retailer manager of Polo Park, said the deci- A specific closing date has yet to at 33 storeys, is noteworthy be- Saskatoon is still feeling the closes its store at Garden City sion didn’t catch him completely off be finalized, but Sears’ departure cause it built the building back effects of a large amount of Shopping Centre just a few guard but it was certainly “sad.” gives mall manager Cadillac Fairview in the late 1980s and only gave speculative building from 2012 miles away. “It’s definitely a loss to the retail a giant space to backfill. ■ up the naming rights to it about to 2014, but he’s optimistic Considering Sears’ ongoing landscape. We feel for the staff that – Geoff Kirbyson

RETAIL/WAREHOUSE FOR SALE/LEASE APARTMENT FOR SALE BY BEST BID NEW INDUSTRIAL FOR SALE/LEASE COMMERCIAL CONDOS FOR SALE 832 104th Street, North Battleford SK 39-47 Lawrence Road, Kamsack SK 614 Solomon Crescent, Regina SK Ratner Street, RM of Edenwold SK ±16,582 SF building on 0.93 Acres on corner lot. 35,016 SF four-storey apartment building with 18 This 25,782 SF building on 2.09 Acres features Great opportunity for owner/user or investor. These Located on a busy street and features showroom/ units and heated parking. Adjacent development 24 FT clear ceiling height, grade and dock loading 1,288 SF drive-thru bays are just off TransCanada #1 RIÀFHVSDFHRYHUKHDGGRRUVDQGDPSOHSDUNLQJ land is also available. Bids accepted until Oct 31st. doors, and a paved/fenced compound. and include interceptor pits and secured compounds. Sale Price: $1,400,000; Lease Rate: $9.50 PSF Sale Price: BEST BID Sale Price: $5,150,000; Lease Rate: $12.50 PSF Sale Price: $249,900/unit Contact Corey Peterson for details. Contact Tusia Black or Phill Elenko for details. Contact Linely Schaefer or Walker Moulding for details. Contact Steve Jordan for details.

CARE HOME & REAL ESTATE FOR SALE INVESTMENT FOR SALE PRIME COMMERCIAL LAND FOR SALE SHIPPING/DISTR. BUILDING FOR SALE 510 Paton Crescent, Saskatoon SK 727 5th Avenue North, Saskatoon SK Highway #13, Carlyle SK 86 - 114 South Front Street, Yorkton SK Care home business with $100,689 re-constructed NI This 18-unit apartment building has plenty of recent 7KUHHEXLOGLQJV 6)RIÀFHEXLOGLQJ6) 10,890 SF warehouse/distribution building on 0.88 and 90% occupancy (2016) has a manager in place. upgrades. Located in the heart of City Park, one of shop and 6,300 SF secondary building) on 16.85 Acres $FUHVIHDWXUHVDQRIÀFHDIXOO\IHQFHGFRPSRXQG Includes ten bedrooms, walk-in tubs, and stair lift. Saskatoon’s most sought-out neighbourhoods. with compacted gravel. Assets and business negotiable. and drive-thru grade and dock level doors. Sale Price: $1,195,000 Sale Price: $2,775,000 Sale Price: $4,000,000 Sale Price: $480,000 Contact Marla Sluzalo for details. Contact Vincent King for details. Contact Linely Schaefer or Colin McKay for details. Contact %ULDQ%XWWHUÀHOGfor 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 NOVEMBER 2017 | WESTERNINVESTOR.COM SASKATCHEWAN | B15

INVESTMENT OPPORTUNITIES LOOKING FOR SELLERS - Brand new duplexes and multifamily/commercial. - We have all kinds of Commercial Buyers - CASH/QUICK CLOSING - Infi ll locations and new subdivisions. - Commercial/Industrial properties with long term Tenants. LAND FOR SALE (Regina & Surrounding) - Land development. - MAC ZONING KINDERSLEY, SASKATCHEWAN - INDUSTRIAL Brad Edgerton nancing available OPEN IN 2016 VTB fi 306.463-4515

Brand New Shell Gas Station Restaurant/Bar/Motel For Sale SASKATCHEWAN Industrial Condo - High traffi c location For Sale 12 Unit Apartment PROPERTY - Each unit 1288 sq.ft. - Can be purchased with bar/restaurant - High traffi c Regina Kindersley - located on main highway - Secured compound next door - Well established, strong sales that links Calgary to Saskatoon. Main - Unique Financing opportunity center within West Central SK. Busy town - Near #1 Highway - Call for details; serious buyers only - Can be purchased with gas station next door - Own this property with Tim Hortons, Walmart, all major fast - $ 249,900 / bay Regina - Moose Jaw Area Regina - Moose Jaw Area with 10% down food stores. Offers over 800 hotel rooms- includes 4 new motels in last 4 yrs and additions to existing hotels LLookingooking forfor SSELLERSELLERS Davidson, SK 1355 Albert Street ooff CCommercialommercial Mixed use building Jubilee Motor Inn Regina Comm. building with 12 residential For Sale - Busy 24 room motel - Investment Opportunity apartments on top fl oor. Elevator. - Commercial; restaurant on main - Nearby pipeline/construction - New HVAC RRealeal EstateEstate Government rentals in building. 10% return. $2,350,000 - Residential on top; 6 bedrooms - Low vacancy - Call for details Balgonie LLookingooking forfor Motel BBUYERSUYERS - 8 rooms Mixed use building - For sale 8 Plex - Managers suite Business and Rented Property- Mechanics dream! 66’ frontage on busy hwy. 3200 - Commercial on main; ooff CCommercialommercial For Sale - Recently improved residential on 2nd sq. ft. shop with show room, offi ce, and - 7 two bedrooms + 1 one bedroom - Just 20 minutes east of 1148 sq. ft. shop, rented out. $500,000 - Approx. $79,000 RRealeal EEstatestate - $819,900 Regina on TransCanada annual gross income - New roof, windows - Close to Downtown - Fully rented #1 Hwy

John Chung, CCIM Aideen Zareh 306.501.5333 306.591.6915 Local bar with restaurant, cold beer [email protected] [email protected] www.commercialregina.ca and wine store. Leased space to Prov. Gov. and a 1 hour Martinizing. Well maintained, property consist of 1 block. $3,300,000

GET INFORMED BEFORE YOU INVEST ADVERTISE • Exclusive details on Hotel- situated along busy highway #7. WHERE INVESTORS Built in 2014. Lobby & managers suite. Western Canada’s Property sold as is. $1,250,000 ARE LOOKING Done Deals • Get the inside scoop with expanded coverage of sold Offi ce Building on highway 7 - 5400 properties sq.ft., mezzanine. 2 long term tenants, triple net rent. Lot could be subdivided. $1,200,000

604.669.8500 Established restaurant with 86 seats. TOLL FREE 1.800.661.6988 New 5 year lease. Recently renovated. WESTERNINVESTOR.COM Good location on busy highway. WESTERNINVESTOR.COM $295,000 B16 WESTERNINVESTOR.COM | NOVEMBER 2017

BRANDON, MANITOBA MOTEL: 24 ROOMS, RESTAURANT LEASED OUT, STEADY CLIENTELE, TOON LOCATED IN A GROWING MANUFACTURING COMMUNITY ,PRICE $859,000.00 SSASKATOONASKA Real Estate Auctions Ltd. MOTEL: 12 ROOMS , NICELY RENOVATED, CENTRAL HEAT AND COOL, TS OWNERS WISHING TO RETIRE, IDEAL FOR A FAMILY , PRICED $899,000.00 AAPARTMENTSPARTMEN 53 ROOM HOTEL MOTEL: 16 ROOMS , TRANS CANADA HIGHWAY , MAJOR INTERSECTION , OFF SALE LICENCE GROWING BUSINESS, PRICE $1.1 MILLION MOTEL: 32 ROOMS, STEADY ROOM SALES APPROX. $525,000. PER YEAR, BAR FRESHLY RENOVATED, VISIBLE LOCATION, PRICE $1,999,000.00 RESTAURANT MOTEL: 50 ROOMS, FLAG MOTEL, 17 YEARS OLD, RENOVATED TO ED! INDOOR POOL & HOT TUB FRANCHISE STANDARDS, MANAGER IN PLACE, PRICE $4,499, 000.00 WWANTED!ANT I have several motels for sale with owners anxious to sell, priced from $400,000 to 5 million Call DEL PETERS REALTY Carlyle, SK 306.934.3151 Century-21 Westman.com 4.66 ACRES Brandon, MB Direct Line:204-729-5074 Email: [email protected] www.delpetersrealty.com RESIDENTIAL CONDOMINIUM LAND DEVELOPMENT 605A Main St. N., Moose Jaw, SK S6H 0W6 ZONED R5 Phone - 1-877-694-8082 Landmart E-mail – [email protected] - Hawkstone - Website – www.royallepagelandmart.com 2820 Narcisse Drive, Investment / Commercial Opportunities - Moose Jaw, SK Regina, SK Visit Our Website For Details. CONTACT McDougallAuction.com Contact Nathan Cressman

Of Royal LePage Regina Realty Call/Text (306) 530-7900 Subject to Additions & Deletions. Not Responsible For Printing Errors McDougall Auctioneers Ltd. Provincial License Number 319916. 455 High St. W. 439 1st Ave. N.W. 822 Main St. N. 108 Main St. N. Brian Mike - Prime Commercial Building - Downtown location - 24 suite apartment block - Prime downtown location Walz Walz - Many updates (306)631-1229 (306)631-7232 - 5100 sq. ft . - 18 suite apartment block - 17000 sq. ft . on 3 levels including windows walz@ rmwalz@ - Former auto body shop - 100% occupancy - Downtown location - Parking sasktel.net sasktel.net NEW RETAIL - FOR LEASE • Addition to 700 Victoria Avenue Strip Mall • 4,370 sf demisable space still available • 1,500 sf of new space leased • AM side of street, 27000 vehicle count per day • Opportunity to relocate for expansion VIC EAST SPACE FOR LEASE • Approximate 850 sf end space 36 Athabasca St. W. 24 Chester Rd. 780 Home St. W. 1121-1127 Ominica St. E. 83 Ominica St. W. • 2 rooms + front open space • Excellent space for professional services - Excellent investment property - Multi-purpose building - Former livestock operation - Former window/door - Over 11,000 sq. ft . of - Downtown location - 8000 sq. ft . - 9552 sq. ft . offi ces manufacturing plant • Going home side of Vic Ave. offi ce space • $18/psf NNN $5 psf Net Charges - Fully occupied with - Offi ce space & fi tness centre - 2 heated shops - Over 12000 sq. ft . a “AAA” tenant - Asphalt parking -3.3 acres, heavy compacted yard - 4600 sq. ft . cold storage - Prime downtown location Light Industrial - West Bypass - 14663 sq. ft . - 3 yrs left on a graduated tax abatement -Beside CPR rail yards -3-phase power - Over 1 acre lot - Many adaptable uses • Emerging industrial zoned area north of TransCanada in the RM of Sherwood • Proposed multi-tenanted light industrial building[s] +/- 120,000 sf • Shallow bay [+/-125’], high clear height [28-32’] & wide span [+/- 50’] • Multi bay +/- 15,000 sf size increments • 0.8km West bypass frontage 1km north of Trans Canada/South bypass Interchange • Ease of access for truck/semitrailer fl ow to major access routes 35 High St. E. 851-863 Snyder Rd. 82 River St. W. 67-79 High St. W. 211 1st St., • Ideal location for showroom, warehouse, - Downtown location - Multi-purpose - Prime downtown - Prime downtown location Chamberlain,SK e-commerce distribution space - Great retail/offi ce space industrial property development land - Ideal development - Convenience store/gas bar V.(Bill) Kutsogiannis BROKER, CCIM - On-site parking - 4800 sq. ft . on 2.2 acres - Next to Mosaic Place stadium property - Right on Highway #11 (306) 591-2248 - Fully chain-link fenced - Priced to sell - High traffi c corner - Historic building - Owner retiring www.janusrealty.ca RE/MAX SASKATOON 16675 16675_106630 BH1 4.00 x 2.522 NONE

Agriculture Specialist | www.tedcawkwell.com | [email protected] | 1.306.327.7661 SASKATOON RESULTS DRIVEN 604 684 8844

COMMERCIAL REAL ESTATE SERVICES www.kleingroup.com

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

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

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

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

• 120 Pads, 14% Potential Cap • Close to Town Centre COMING SOON • Town Services • Principles Only • Approx. 72 Pads, Low Vacancy • Close to Town Centre, Town Services • Principals Only, Buyers Fee Required $2,400,000 • Approx. $2,500,000

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

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

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

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

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REGIONAL NEWS, MARKET UPDATES, TOP COMMERCIAL SALES

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

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

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

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

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