Western Investor October 2011 Section A

Page 1

www.naicommercial.ca Commercial Real Estate Services, Worldwide.

SELF-STORAGE FACILITIES – FOR SALE Okanagan Valley, BC

s 7ITH 5 (AUL /UTLET s 5NITS n SF RENTABLE s AC n OUTSIDE PARKING s (UGE UPSIDE POTENTIAL s /N SITE LIVING ACCOMMODATIONS s %XISTING MANAGEMENT IN PLACE

s 4WO 3ELF 3TORAGE /PERATIONS s $ESIRABLE ,OCATIONS s 7ELL %STABLISHED s %XPANSION /PPORTUNITIES s #OMMERCIAL #OMPONENT INCL s %XISTING MANAGEMENT IN PLACE

s Asking $2,275,000

s Contact LIsting Brokers

s 5P TO !CRES 4OTAL s /WNER WILL SUBDIVIDE TO SUIT s /FFERED AS :ONED AND 3ERVICED s 4RUCK 3TOP )NDUSTRIAL #OMMERCIAL s !CCESS ON TO AND OFF OF (WY s &ULL (IGHWAY &RONTAGE s Asking: Contact LIsting Broker

We Are Your SELF-STORAGE EXPERTS We Know Self-Storage!

KIERSkiers@naicommercial.ca OR KEN HICK KEN KIERS or KEN HICK 604-534-7974KEN 1-800-890-9855

KEN KIERS 604-534-7974 1-800-890-9855 kiers@naicommercial.ca

HOT PRICE s 5NIT 4OWNHOUSE 3ITE s !C 2 - & ZONING s 3ERVICES AT STREET s Asking $699,000

11.4 ACRES DEV. LAND ADJACENT TO WAL-MART s UNIT 3ELF 3TORAGE &ACILITY s 2OOM TO EXPAND BY ACQUIRING ADJACENT ACRE SITE s NEW PRICE $1.299 Mil

FOR LEASE 8,459 SQ. FT. SHOWROOM & W/H s $5.50 s.f. plus $2.50 s.f. T.N.

s )DEAL FOR HOME IMPROVEMENT STORE FACTORY OUTLET SHOPPING CENTRE MOTEL ETC s .OW ONLY $3.99 Mil K AC

SPLIT ZONING s !C $EVELOPMENT 3ITE s :ONED 2 HIGH DENSITY M F # SHOP CTR #OMM s Asking $2.95 Mil

3 LIGHT INDUSTRIAL LOTS s ACRES EACH Amazing price $69,900 ea.

or 1-800-890-9855 CHRIS LANGHAUG 604-534-7974 langhaug@naicommercial.ca Small strip mall Langley $850,000 Trailer park Prince George, BC $1.9 MILLION

CAMPBELL HEIGHTS LAND, BLDGS., & BUSINESS s ACRE PARCEL s /#0 SHOWS ,IGHT )NDUSTRIAL s (IGH EXPOSURE CORNER SITE s (OLDING INCOME WITH RES RENTALS GREENHOUSE BUSINESS s Asking $2.59 Mil

ALFRED LEUNG 604-534-7974 CHRIS LANGHAUG

INDUSTRIAL PROPERTIES FOR SALE / LEASE INVESTMENT/RE-DEVELOPMENT COMMERCIAL SITE - LANGLEY, BC

$4.29 OCTOBER 2011 Vol. 26/Issue 10

13 PM’S DEAL BOOSTS YUKON

Ottawa offers North a richer split on royalties Prime Minister Stephen Harper in Whitehorse: new agreement could boost resource income 10-fold

9 $100 MILLION EVERY MONTH

MERRITT, BC OPPORTUNITIES

MINI STORAGE ON 1 ACRE PARCEL

VANCOUVER • LOWER MAINLAND • VANCOUVER ISLAND SECTION

â–²

Osoyoos , BC

Commercial/Industrial Land Highway 1 Access and Exposure Flood Hope Road, BC

FREESTANDING INDUSTRIAL BUILDING – LANGLEY

Metro Vancouver’s commercial realtors say office, multi-family sales led first half pace 17 GIANTS BID FOR B.C. COAL

U.S., European buyers join rush to northeast SPECIAL SECTION • B17

HOT PROPERTIES

R E C R E A T I O N A L R E A L E S T A T EE

Strata warehouse / retail for sale Up to 15,000 sq. ft. in Surrey Warehouse Port Kells buy or lease 8,000 to 50,000 sq. ft. New franchise operations for Restaurant and Retail Stores Merritt, BC Please call Glen for more information

GLEN LAMBERT 604-999-3707

s !CRES n # ZONING s &REE STANDING BUILDINGS s GAS BAR 2ESTAURANT AND 2ETAIL s %XTRA ACRES FOR RE DEVELOPMENT n #OMMERCIAL 2ESIDENTIAL s 0RIME &RASER (IGHWAY LOCATION STREET ACCESS s $3.3 million

PUBLICATIONS MAIL AGREEMENT 40069240

s SQ FT WAREHOUSE WITH OFlCE s !CRES n &ENCED s !PPROX YEARS OLD s 'OOD TRUCK ACCESS s $2,415,000

RETURN UNDELIVERABLE CANADIAN ADDRESSES TO CIRCULATION DEPARTMENT: 102 EAST 4TH AVENUE, VANCOUVER, B.C. V5T 1G2

WASHINGTON INVESTORS!

DON MACDONALD, CCIM OR ANGIE MACDONALD

604-534-7974 or 1-800-890-9855 s donmac@naicommercial.ca

Build on the Power of Our Network. Over 350 Offices Worldwide.

Smokey Point Big Box Development Opportunity! s !CRES :ONED #OMMERCIAL 0AD 2EADY s #OSTCO 7ALMART 4ARGET NEARBY PSF s OTHER USES COULD BE UNIVERSITY CAMPUS MEDICAL FACILITY

#ALL -IKE YOUR 7ASHINGTON BUYER S ADVOCATE

A2 Lower Mainland OWN IN HILLCREST/CLAYTON CALERA

t $36 T SFNBJO t UP TG t 4UBSUJOH BU

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

FOR SALE YALETOWN STRATA OFFICE

FOR SALE VANCOUVER DEVELOPMENT SITE

t $PSOFS VOJU MPDBUJPO %BWJF 1BDJmD t 4UFQT UP $BOBEB -JOF 4UBUJPO t TG t "TLJOH

t ,JOHTXBZ 7BODPVWFS t Y BOE BEKBDFOU QSPQFSUZ JT GPS TBMF t $ [POJOH t "TLJOH

FOR SALE - 9948 100TH STREET, FORT ST JOHN

t 'VMMZ MFBTFE DPNNFSDJBM CVJMEJOH t 3FDFOUMZ SFOPWBUFE t &YDFMMFOU UFOBOUT t JO OFU JODPNF QMVT NBOBHFNFOU GFFT t "TLJOH

FOR SALE - 88 CREEKSIDE ROAD, ROSSLAND, BC

t BDSF NVMUJGBNJMZ TJUF t LN GSPN UIF CBTF PG 3FE .PVOUBJO t #FBVUJGVM WJFX MPU t "TLJOH

FOR SALE FREESTANDING OFFICE/ WAREHOUSE BUILDING

t TG CVJMEJOH t TG MPU t " $ PGmDFT t (SFBU &YQPTVSF

ERIC WALKER

IAIN YOUNG

KYLE WILSON CRAIG HAZIZA***

BILL RANDALL*

BILL RANDALL*

FLAVIO UNTI GREG MILES

FOR SALE - 61 ROOM HOTEL WITH RESTAURANT

FOR SALE-MIXED USE FULLY TENANTED BUILDING ON COMMERCIAL DRIVE

BRAND NEW LARGE BAY STRATA UNITS IN CAMPBELL HEIGHTS

NORTH SHORE STRATA UNITS FOR SALE

FOR SALE - PRIME CORNER LOCATION IN KAMLOOPS

INVESTMENT OPPORTUNITY

t 2VBMJUZ *OO .BQMF 3JEHF t /FXMZ SFOPWBUFE t ZFBS MFBTF XJUI UIF 1BOUSZ 3FTUBVSBOU t "TLJOH

t #VTZ $PNNFSDJBM %SJWF MPDBUJPO t 5XP HSPVOE nPPS SFUBJM VOJUT BOE GPVS TFDPOE nPPS SFTJEFOUJBM VOJUT t 'SFFTUBOEJOH CVJMEJOH PO B Y MPU t "TLJOH

t 6OJU TJ[FT GSPN UP TG t EPDL BOE HSBEF MPBEJOH EPPS QFS CBZ t DMFBS DFJMJOH IFJHIU t &4'3 IJHI DBQBDJUZ TQSJOLMFST

CHRIS DRIVER*/ BRETT AURA DON DUNCAN*

BOE IRAVANI MARK TREPP

ANDREW GREEN* KEVIN VOLZ

BRAD NEWMAN-BENNETT DAVID CANNING

BART VANSTAALDUINEN*

BURTON VAN ALSTINE* HUDGE PARMAR*

HIGH VISIBILITY INVESTMENT OPPORTUNITY

MANNING PARK RESORT & SKI CENTRE

FOR SALE RESIDENTIAL LAND

MULTIFAMILY DEVELOPMENT SITE

SELF STORAGE FOR SALE KELOWNA

4 SUITE RESIDENTIAL MULTIFAMILY OPPORTUNITY

t 'VMM DJUZ CMPDL 1SJODF (FPSHF #$ t TG PO BDSFT t 5XP UFOBOUT t "TLJOH t /FU *ODPNF QFS ZFBS

BILLRANDALL* RICK EASTMAN*

GROCERY ANCHORED SHOPPING CENTRE

t BDSFT PO 'SBTFS )JHIXBZ t TG TIPQQJOH DFOUSF t QTG t

t .BJO MPEHF XJUI SPPNT DBCJOT t 4LJ SFTPSU IBT TLJ MJGUT OVNFSPVT CVJMEJOHT t 1PPM HZN UFOOJT DPVSUT t 3FTUBVSBOU QVC NFFUJOH SPPNT FNQMPZFF IPVTJOH CBORVFU GBDJMJUJFT t

BILL RANDALL*

DEVELOPMENT OPPORTUNITY WITH INCOME

t 7FSZ IJHI FYQPTVSF TJUF t 7FEEFS 3PBE $IJMMJXBDL t BDSFT t *ODMVEFT TG CVJMEJOH t )PMEJOH JODPNF PG ZFBS t "TLJOH

t BDSFT FTUBUF TJ[FE MPUT t "QQSPWFE TVCEJWJTJPO QMBO t -PDBUFE DMPTF UP )XZ 4IBOOPO -BLF t "TLJOH

t #SBOE OFX nFY PGmDF XBSFIPVTF t $PNQMFUJPO FTUJNBUFE GPS +BOVBSZ t VOJUT SFNBJOJOH TG FBDI t "TLJOH FBDI

t #BJMFZ 4USFFU 4RVBNJTI #$ t VOJU PQQPSUVOJUZ t "DUJWF EFWFMPQNFOU QFSNJU

t )JHI FYQPTVSF BOE FYDFMMFOU BDDFTT t 3F[POJOH QPUFOUJBM t ± TG PO BDSFT t "TLJOH

t SFOUBCMF TRVBSF GFFU PO BDSFT t &TUBCMJTIFE XFMM SVO MPX IJTUPSJDBM WBDBODZ t

t 'SFFTUBOEJOH CVJMEJOH DVSSFOUMZ MFBTFE UP TUSPOH OBUJPOBM UFOBOU t TG CVJMEJOH t DBQ SBUF t "TLJOH

t 2VJFU SFTJEFOUJBM BSFB t $MPTF UP TIPQQJOH SFTUBVSBOUT QVCMJD USBOTJU t 1SJNF 7BODPVWFS MPDBUJPO t "TLJOH

CHRIS NEWTON MATTHEW MACLEAN

BILL RANDALL* NOAH FREEDMAN

CHRIS NEWTON

DON DUNCAN* CHRIS DRIVER*

FOR SALE - 30 UNIT MOTEL 6255 MARINE AVENUE POWELL RIVER

COURT ORDERED SALE

32 ROOM MOTEL & RESTAURANT

FOR SALE - MAIN STREET MIXED USE

t -PDBUFE KVTU PGG )JHIXBZ OFBS TIPQQJOH t MPUT UPUBMMJOH TG t 4UBOE BMPOF SFTUBVSBOU JODMVEFE t "TLJOH

t SFUBJM $36 T XJUI SFTJEFOUJBM BCPWF t )JHI FOE SFOPWBUJPOT UP CVJMEJOH BOE VOJUT t #VTZ .BJO 4USFFU MPDBUJPO t "TLJOH

t #FBVUJGVM PDFBO WJFXT t .FUJDVMPVTMZ NBJOUBJOFE t 4UFBEZ SFMJBCMF DBTI nPX t GPS TIBSFT

t 8PPE -BLF %FWFMPQNFOU 4JUF t %JTUSJDU PG -BLF $PVOUSZ #$ t BDSFT QMVT BDSF 8BUFS -PU -FBTF t "TLJOH

ADAM FRIZZELL CRAIG HAZIZA

BILL RANDALL*

CHRIS DRIVER* DON DUNCAN*

MARK GALLAGHER HUDGE PARMAR*

BRETT AURA

BRETT AURA

LADNER MIXED USE SITE

86.85 ACRE DEVELOPMENT SITE NOT IN ALR

FOR SALE - 32860 MISSION WAY, MISSION, BC

GREENWOOD MANOR

ZENITH APARTMENTS

9% RETURN

t TG TJUF CVJMEJOHT t 0QQPSUVOJUZ GPS TUPSFZ EFWFMPQNFOU t "TLJOH

t 0OF PG UIF MBSHFTU SFNBJOJOH TJUFT JO .FUSP 7BODPVWFS t MFHBM MPUT UPUBMMJOH BDSFT t .-4 ' t 4BMF 1SJDF POMZ QFS BDSF

t TG JOEVTUSJBM CVJMEJOH PO BDSFT t &YDFMMFOU BDDFTT UP -PVHIFFE )JHIXBZ )JHIXBZ BOE UIF .JTTJPO #SJEHF t 4BMF 1SJDF

t VOJU BQBSUNFOU CVJMEJOH JO -BOHMFZ t PG VOJUT IBWF CFFO SFOPWBUFE t $MPTF QSPYJNJUZ UP TFSWJDF BOE SFUBJM BNFOJUJFT t "TLJOH

t 1SJNF 7BODPVWFS MPDBUJPO KVTU PGG $PNNFSDJBM %SJWF t 8BMLJOH EJTUBODF UP QVCMJD USBOTJU SFUBJM TIPQT BOE SFTUBVSBOUT PO 5IF %SJWF t 2VJFU SFTJEFOUJBM BSFB t "TLJOH

t TG CVJMEJOH BDSFT t -PDBUFE PO )JHIXBZ JO 2VFTOFM t "TLJOH 1SJDF t /FU *ODPNF QFS ZFBS

CHRIS NEWTON MATTHEW MACLEAN

HUDGE PARMAR* MARK GALLAGHER

BILL RANDALL*

CHRIS DRIVER*/DON DUNCAN* BRETT AURA

DON DUNCAN*/CHRIS DRIVER* BRETT AURA

BILL RANDALL*

RETAIL SHOPPING CENTRE INVESTMENT OPPORTUNITY

FOR SALE INDUSTRIAL COMPLEX

FOR SALE - WILLOW CALE ROAD, PRINCE GEORGE, BC

FOR SALE 16113 20TH AVENUE SURREY, BC

15 SUITE APARTMENT BUILDING LOCATED IN CHINATOWN

FOR SALE MIXED USE MULTITENANT BUILDINGS

50% LEASED t $BSJCPP .BMM .JMF )PVTF #$ t 4JOHMF MFWFM FODMPTFE DPNNVOJUZ NBMM TG OFU SFOUBCMF BSFB t .BKPS UFOBOUT JODMVEF #.0 1IBSNBTBWF 5SV 7BMVF )BSEXBSF t -BOE BSFB BDSFT t "TLJOH DBQ SBUF

HUDGE PARMAR*

t UP UI "WFOVF 1SJODF (FPSHF t TG CVJMEJOH PO BDSFT t VOJUT QMVT POF BQBSUNFOU t "TLJOH

BILL RANDALL*

Moving with confidence

t TG PG JOEVTUSJBM CVJMEJOHT PO BDSFT t (SBEF BOE EPDL MFWFM MPBEJOH t -PUT PG ZBSE t "TLJOH

t BDSF GVUVSF EFWFMPQNFOU TJUF t (PPE QSPYJNJUZ UP NBKPS BSUFSJBM SPVUFT TIPQQJOH BOE DPNNVOJUZ TFSWJDFT t 1PUFOUJBM GPS DPNNFSDJBM SFUBJM [POJOH t "TLJOH

BILL RANDALL*

BILL RANDALL*

t $FOUSBM 7BODPVWFS MPDBUJPO t 4USBUB UJUMFE QSPQFSUZ QPUFOUJBM UP TFMM TVJUFT PS SFOU UP DSFBUF IPMEJOH JODPNF t 7FSZ DMFBO OFBS OFX JOWFTUNFOU PQQPSUVOJUZ t "TLJOH

DON DUNCAN* CHRIS DRIVER*

Cushman & Wakefield Ltd. Suite 700 - 700 West Georgia Street P.O. Box 10023, Pacific Centre Vancouver, BC V7Y 1A1

T: 604.683.3111 www.cushmanwakefield.com www.vancouverlisting.ca

* Personal Real Estate Corporation **Sean Ungemach is licensed with SBU Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. ***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. *****Bart Corbett is licensed with BG Corbett Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, it is not guaranteed by Cushman & Wakefield.

t t 5XP TFQBSBUF CVJMEJOHT PO BDSFT PG MBOE t "ODIPSFE XJUI &OWJTJPO 'JOBODJBM t (SPVOE nPPS SFUBJM XJUI TFDPOE TUPSFZ SFTJEFOUJBM

CRAIG BALLANTYNE

$0/5&/54 0$50#&3 7"/$067&3 Â… -08&3 ."*/-"/% Â… 7"/$067&3 *4-"/% 4&$5*0/

41&$*"- 4&$5*0/ Â… #

HOT PROPERTIES

FEATURES 13 0/ 5)& $07&3 :VLPO SFBEZ GPS SFTPVSDFT

On the cover Prime Minister Stephen Harper: resource royalty agreement will give Yukon, Territories a bigger share. Photo: Deb Ransom/PMO

3&$3&"5*0/"- 3&"- &45"5&

"%7&35*4*/( %*3&$503:

Better split with Ottawa an incentive for mine approvals Download a PDF of all our Regional Roundups online at www.westerninvestor.com

9

$PNNFSDJBM TBMFT NJMMJPO B NPOUI

Offices and multi-family lead first-half pace in B.C.

2–19 -08&3 ."*/-"/% 3&"- &45"5&

#64*/&44 0110356/*5*&4

8 4&37*$&4 19 4&" 50 4,: 46/4)*/& $0"45 3&(*0/

17 /PSUIFBTU QPSU TVDDFTT SBUUMFT 6 4

Asia to Midwest faster, cheaper through Prince Rupert

COLUMNS

20–23 7"/$067&3 *4-"/% 3&"- &45"5&

6 8&45&3/ 1&341&$5*7& 11 */7&45*/( 5*14 8)&/ #6:*/( */ 6 4 " 23 %0/& %&"-4

#64*/&44 0110356/*5*&4

.03& 0110356/*5*&4 ™ … */5&3*03 # $ … "-#&35" … 05)&3 1307*/$&4 … '3"/$)*4&4 ™ 4&& 4&$5*0/ #

6 0 4 - 6 6 9 - 8 5 0 0 o r 1 - 8 0 0 - 6 6 1 - 6 9 8 8 f a x : 6 0 4 - 6 6 9 - 2 1 5 4 i n f o @ w e s t e r n i n v e s t o r. c o m w w w. w e s t e r n i n v e s t o r. c o m 1 0 2 E a s t 4 t h A v e n u e , Va n c o u v e r, B . C . V 5 T 1 G 2

JUST IN! Bank has requested our marketing for their foreclosed properties. All priced below market value. Call for details! VALUE VILLAGE $3,000,000 BELLINGHAM

46,000 sq. ft. retail building located across from Bellis Fair Mall. Ex-Toys R Us building recently re-leased for 10 years with 2-5 year options to extend. Major improvements inside and outside. 2.62 acres of parking. $227,509 Annual Net Income for the first 5 years, with the base lease amount increased every 5 years at .075 Cap.

69 ACRES RETAIL LAND $12,000,000

Located on Interstate 5 near Marysville/Everett. New Freeway Cloverleaf at 156th St NE Street Exit direct to property coming soon. Permitted for Big Box Stores. Adjacent to Walmart, Safeway, Costco, Target, Best Buy. Fully serviced. Outstanding location and priced at Four (4) Dollars per square foot. For more information, call our office.

RON BENNETT COMMERCIAL REAL ESTATE Ron Bennett

SUTTON GROUP WEST COAST REALTY

(USN Ret.)

CALL

/ Owner - Broker

604-817-7338

Don Munro

ACREAGES

ACREAGES

CHILLIWACK

7700 240th Street

51140 Ruddock Road

700 Columbia Valley Road s !CRES s 0RIME &ARM ,AND :OU KNOW YOUsRE ADDICTED TO COFFEE WHEN THE 5ASTERsS $HOICE COUPLE WANTS TO ADOPT YOU

SURREY 188th Street and 80th Avenue s !CRES s &UTURE 0OTENTIAL

s 0RIME 4OWNHOUSE $EVELOPMENT 3ITE s $ESIGNATED 50! WITH UNDERGROUND OR STRUCTURED PARKING s 6IEW 0ROPERTY CLOSE TO ALL !MENITIES s !CRES TWO PARCELS

27449 60th Avenue

ABBOTSFORD 5133 Bates Road s #/524 /2$%2%$ 3!,% s ,ARGE HA !CRE &ARM WITH BEAUTIFUL VIEW OF -OUNTAINS s -ANY OUTBUILDING INCLUDING BARNS CARPORTS WORKSHOP STUDIO AND GARAGES s "UILD YOUR DREAM HOME HERE

s !CRE 0ARCEL s ,ARGE #OUNTRY (OME WITH (ELPER 3UITE s %ASY !CCESS TO 4RANS#ANADA (IGHWAY 27691 Downes Road s !CRES s 0OTENTIAL "ERRY ,AND s ,ARGE 3HOP "ARN 3TORAGE

✓ GOOD RETURN

s ACRE )NDUSTRIAL 6ACANT ,OTS s :ONED - 3ERVICE )NDUSTRIAL s 4HESE LOTS ARE PERFECT FOR SMALL BUSINESS OPERATORS :OU KNOW YOUsRE ADDICTED TO COFFEE WHEN YOUR BIRTHDAY IS A NATIONAL HOLIDAY IN #RAZIL

COMMERCIAL/INDUSTRIAL

6842 202B Avenue & 6868 202B Avenue

48th Avenue & 216th Street

:OU KNOW YOUsRE ADDICTED TO COFFEE WHEN INSTANT COFFEE TAKES TOO LONG

8495 Aitken Road, 8565 Aitken Road & 8579 Aitken Road

s !CRES s ,ARGE -USHROOM &ARM s 3HOP #OMPOSTING &ACILITY s 'ROWING "ARN -ULTI 5SE "UILDING :OU KNOW YOUsRE ADDICTED TO COFFEE WHEN YOU GET PULLED OVER FOR SPEEDING AND YOU DONsT EVEN HAVE A CAR

s !CRES s "EDROOM 2ANCHER WITH A "EDROOM "ASEMENT 7ALKOUT 3UITE s HOME WAS TOTALLY REMODELLED IN

s !CRES s 0OTENTIAL FOR ,OTS

COMMERCIAL/INDUSTRIAL

889 Lefeuvre Road

:OU KNOW YOUsRE ADDICTED TO COFFEE WHEN YOU HELP YOUR DOG CHASE ITS TAIL

7640 Nixon Road

botsold@intergate.ca

ACREAGES

LANGLEY

s !CRES s BEAUTIFUL LOG HOME LARGE SHOP

✓ VALUE FOR $

1-360-671-9440 U www.RonBennett.com

SURREY

LANGLEY 203-20771 Langley Bypass

11151 Bolivar Street & 13340 112 Avenue

s s

s !CRES ON CORNER s :ONED #() (IGHWAY #OMMERCIAL

SQ FT COMMERCIAL STRATA &ULLY LEASED

19518 32nd Avenue

:OU KNOW YOUsRE ADDICTED TO COFFEE WHEN YOU DONsT EVEN WAIT FOR THE WATER TO BOIL ANYMORE

CHILLIWACK 8558 Chilliwack Mountain Road s ACRE 6ACANT )NDUSTRIAL ,OT s :ONED - 'ENERAL )NDUSTRIAL - (EAVY )NDUSTRIAL s ,EVEL LOT WITH A COMPACTED GRAVEL BASE s 'REAT ,OCATION

✓ TENANT COVENANT

s !CRES IN #AMPBELL (EIGHTS s $ESIGNATED "USINESS /Fl CE 0ARK :OU KNOW YOUsRE ADDICTED TO COFFEE WHEN 4TARBUCKS OWNS THE MORTGAGE TO YOUR HOME

✓ UPSIDE

✓ CAREFREE

A4 Lower Mainland

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

TIRED OF

A:6H>C<4

CENTRAL NORTH VANCOUVER LOCATION 1089 sq ft ground floor unit, with street level access, suitable for doctor, consultants, professionals. Upstairs staff area comes with kitchen. Two washrooms. Offered at:

$%" !" ! "$ #

$

#7<;0>-:; )916- 91=-

")9- 1/0 ?87:<9- !978-9;@

&)6+7<=-9 c :G9 !0# 1'2# 5'2& -4#0 <>B $##2 -$ #-*)/ $" *) -&)" -&1" c #,20 * ," &'%&*7 !!#11' *# *-! 2'-, *1"/"! 4 *2)"- 0."-. )! -"/ &' /") )/. c +.0-4#+#,21 ',!*3"# 25-L12-0#7I <=I>:9 .,0 -" #**/ 0/* -"/ &' 0&'!&)$ c 300#,2*7 -!!3.'#" 7 ,!-34#0 -," G c *)',% "'12 ,!# 2- 0',# 0'4# , " ',# 2 2'-, ," = +',32# "0'4# 2- G

$519,000

7dgk^c\ >ckZhibZcih +%)"+(."--+' dg Wdgk^c\5\bV^a#Xdb

#1576 15 79/)6 @-9

)44 .79 -;)14:

7<6,)9@ "7),

FOR SALE

);->)@ -=-4785-6; 8879;<61;@

81,260 sq.ft. R&D

<96)*@ c 0# -..-023,'27 2- .30!& 1# < !0# .&/" &) +-&(" '* /&*) c '%& #6.-130# !-0,#0 1'2# 5'2& $0-,2 %# '*)$ *0)! -4 * ! )! -&)" 4 c .0-4'"#1 $-0 +'6 -$ 0#2 '*I *(("- & ' *##& " )! '&$%/ &)!0./-& ' 0.". c -! 2#" 5'2&', 0 .'"*7 %0-5',% 1#!2-0 -$ 30, 7 ," ,!-34#0G

BUILDING AT UBC

Kris Pope 604-318-5226

Call Larry 604-787-7654

)991/)6 7<9;

):; ):;16/: #;9--; 589-:: 7;-4 &)6+7<=-9

-,

<96)*@ )991/)6 !4)+- 8)9;5-6;: <+

604-787-7654

$

",

Call Larry Traverence

% $ (

0 - /&1" - 0.&)"..

." / '&,0*- '& ")." )! -**(. +"-

-

>ĂƒÂ…ĂŠLĂ•ĂƒÂˆÂ˜iĂƒĂƒĂŠÂˆÂ˜VÂ?Ă•`i`ĂŠ$2,619,000

79/)6 @-9 #1576 15

1+

ÂœĂ€Â˜iÀÊÂ?ÂœĂŒĂŠÂœvĂŠx]ĂˆxäĂŠĂƒÂľĂŠvĂŒ°

!9

1521 WEST 4TH AVE

ĂŽnääĂŠ 7iĂƒLĂ€ÂœÂœÂŽĂŠ >Â?Â?ĂŠ ĂŠ ÂŤĂ€ÂœĂ›Âˆ`iĂƒĂŠ >Â˜ĂŠ iĂ?ViÂ?Â?iÂ˜ĂŒĂŠ iÂ˜Ă›ÂˆĂ€ÂœÂ˜Â“iÂ˜ĂŒĂŠ ĂŒÂ…>ĂŒĂŠ ĂœÂˆÂ?Â?ĂŠ ĂƒĂ•ÂŤÂŤÂœĂ€ĂŒĂŠ >˜`ĂŠ i˜…>˜ViĂŠ ĂŒÂ…iĂŠ ÂˆÂ˜ĂŒiÂ?Â?iVĂŒĂ•>Â?ĂŠ >˜`ĂŠ ĂƒÂœVˆ>Â?ĂŠ `iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ}Âœ>Â?ĂƒĂŠÂœvĂŠVÂœÂ“ÂŤ>˜ˆiĂƒĂŠÂˆÂ˜Ă›ÂœÂ?Ă›i`ĂŠ ÂˆÂ˜ĂŠ ,E °ĂŠ >LÂœĂ€>ĂŒÂœĂ€ÂˆiĂƒ]ĂŠ ÂœvwViĂƒ]ĂŠ ĂŒi>V…ˆ˜}]ĂŠ ĂŒĂ€>ˆ˜ˆ˜}]ĂŠ>˜`ĂŠVœ˜viĂ€i˜ViĂŠv>VˆÂ?ÂˆĂŒÂˆiĂƒ]ĂŠÂˆÂ˜ĂŠĂƒĂ•ÂŤÂŤÂœĂ€ĂŒĂŠ ÂœvĂŠ Ă€iĂƒi>Ă€VÂ…ĂŠ >˜`ĂŠ `iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ ÂˆÂ˜ĂŠ >ĂŠ Â˜Ă•Â“LiĂ€ĂŠÂœvĂŠÂŽiÞÊ>Ă€i>Ăƒ°ĂŠOFFERS

FOR SALE 1028 HAMILTON STREET {ĂŠĂƒĂŒÂœĂ€iÞʍÂ?Ă•ĂƒĂŠL>Ăƒi“iÂ˜ĂŒĂŠĂŠUĂŠĂŠĂŽä]äääĂŠĂƒÂľĂŠvĂŒ Asking $17,500,000

*0$%""! 0)&/ $ -!") + -/(")/ " ")/ +-& " -"!0 /&*)

Larry or Kris 604-689-8226

FOR SALE 8828 HEATHER

ÂœĂ€Â˜iÀÊ-ĂŒĂ€>ĂŒ>ĂŠĂ•Â˜ÂˆĂŒĂŠĂŠUĂŠĂŠ ÂŤÂŤĂ€ÂœĂ?ĂŠx]äääĂŠĂƒÂľĂŠvĂŒĂŠĂŠUĂŠĂŠ ÕÀÀiÂ˜ĂŒÂ?ÞÊ>ĂŠVÂœÂ“Â“Ă•Â˜>Â?ĂŠÂŽÂˆĂŒVÂ…i˜ Asking $1,250,000ĂŠĂœÂˆĂŒÂ…ĂŠÂ?i>ĂƒiÂ…ÂœÂ?`ĂƒĂŠ>˜`ĂŠiÂľĂ•ÂˆÂŤÂ“iÂ˜ĂŒĂŠ>Ă›>ˆÂ?>LÂ?i

706 -- >-6 ();-:

;0 #;9--; -> '-:;516:;-9

#;-=- )5- 706 --

):; !-6,-9 #;9--;

&)6+7<=-9

Larry Traverence 604-787-7654 -+.*#2#*7 -")*1 /"! ./0!")/ %*0.&)$ 0&'!&)$ *##"-"! / 4&"'!

Dexter Associates Realty Commercial Real Estate, Your Trusted Advisors “We are focused on achieving the results YOU want.�

JERRY RACZKOWSKI

ROB REGAN

780-932-2121 jrcoach@telus.net

780-490-9324 ar_ar@shaw.ca

RE/MAX REAL ESTATE

//- /&1" 0)&/ ./- / /&/'"! -")/ ' + -/(")/ 0&'!&)$

#1576 15 )=1, $)@479

%"" $ !! "$% $ # ;0 =-6<-

$

#<99-@

10510 121 St., T5N 1L4 Edmonton, AB

#;-=-:;76 1/0>)@ "1+0576,

www.AlbertaInvestorGroup.com

ÂŤÂœÂŤĂ•Â?>ĂŒÂˆÂœÂ˜ĂŠÂœvĂŠÂ“ÂˆÂ?Â?ˆœ˜>ÂˆĂ€iĂƒĂŠ ÂˆÂ˜ĂŠĂŒÂ…iĂŠĂœÂœĂ€Â?`ĂŠ>˜`ĂŠ>Ă€iĂŠÂ?œœŽˆ˜}ĂŠ ĂŒÂœĂŠÂˆÂ˜Ă›iĂƒĂŒĂŠ>LĂ€Âœ>`t UĂŠĂŠ7iĂŠ>Ă€iĂŠÂ?œœŽˆ˜}ĂŠvÂœĂ€ĂŠÂľĂ•>Â?ÂˆĂŒĂžĂŠ

ÂˆÂ˜Ă›iĂƒĂŒÂ“iÂ˜ĂŒĂŠÂŤĂ€ÂœÂ?iVĂŒĂƒĂŠĂŒÂœĂŠÂŤĂ€iĂƒiÂ˜ĂŒĂŠ ĂŒÂœĂŠĂŒÂ…iĂŠĂƒiÂ?iVĂŒi`ĂŠ Â˜ĂŒiĂ€Â˜>ĂŒÂˆÂœÂ˜>Â?ĂŠ *Ă€ÂœÂŤiĂ€ĂŒĂžĂŠ Ă?ÂŤÂœĂŠ iˆÂ?ˆ˜}ĂŠ/Ă€>`iĂŠ -Â…ÂœĂœĂŠ>ĂŒĂŒi˜`iiĂƒt

Bring Alberta and British Columbia Investment Opportunities to the Chinese Market Place

)9; <+3

#51;0 9--3 "7), '-:; -47>6)

#)

4-

"1+0576,

-" !"1"'*+(")/ .&/" +-*+*."! #*- .&)$'" # (&'4 %*(". 2&/% .+" / 0' - 1&"2. )! +-*(&)")/ "./ "'*2) !!-"..

9,

UĂŠĂŠ …ˆ˜>ĂŠÂ˜ÂœĂœĂŠÂ…>ĂƒĂŠĂ“Â˜`ĂŠÂ?>Ă€}iĂƒĂŒĂŠ

67? ')@ %61;

): #)6,0<

9, -

ÂˆÂ˜Ă›iĂƒĂŒÂœĂ€ĂƒĂŠĂœiĂ€iĂŠÂˆÂ˜ĂŠ>ĂŒĂŒi˜`>˜Vit

>˜`ĂŠĂ“ää]äääĂŠÂŤÂ?Ă•ĂƒĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠ

-". *# +-&(" -".&!")/& ' !"1"'*+(")/ ' )! &) /%" 5"'("-" -" *# *0/% 0--"4

9;

UĂŠĂŠ"Ă›iÀÊxäääĂŠÂˆÂ˜Ă›ÂˆĂŒi`ĂŠÂˆÂ˜Ă›iĂƒĂŒÂœĂ€ĂƒĂŠ

MARKET YOUR REAL ESTATE PROJECTS TO CHINESE INVESTORS AND/OR JOINT VENTURES IN CANADA

-". *# $-& 0'/0- ' ' )! 2&/% ++-*3&( /"'4 #""/ *# #-*)/ $" '*)$ /"1"./*) &$%2 4

7 <

Beijing, China Investments Real Estate Show

#;-=- )5 706 --

*) /%" $-*0)! #'**- 2&/% +#88 ,',# -$ ?;= G L: *'%&2 &)!0./-& ' 5*)&)$

)621; 4)19-

)44 .79 -;)14:

): #)6,0< -+141) $:- 0), 1).79-

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

"" ( *) ( ) (, ) %##+$ * %$ ) $%* $* $ *% +) %( $ + ( % $ . )* $ " )* $ ( # $* %"" () +" / %"") (%! ( $ $ %+, (

()%$ " " )* * %(&%( * %$ 44321

9)6=144- #;9--; ;0 4779 &)6+7<=-9 A

A >>> +7441-9:+)6),) +75

Lower Mainland A5

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

APARTMENT BUILDING SPECIALIST EAST VANCOUVER

BURNABY

PENTICTON

8 Character Town homes Fully renovated, Views Gross Revenue $134,244

48 Unit Apartment Building Near Metrotown & Skytrain Gross Income $513,107

75 Unit Apartment Building Close to Skaha Lake, Central location Gross Income $547,222

WESTSIDE

NEW WESTMINSTER

EAST VANCOUVER 11 Units – fully tenanted Close to all amenities Gross Income $113,967

28 Unit Apartment Building Great Tenant Base Gross Income $236,590

11 Units – Great condition Large suites, corner units Gross Income $114,210

Plus many other listings! Please visit our website at www.billgooldrealty.com for more information.

604.263.2823

INDUSTRIAL SALE

FOR SALE

INVESTMENT BUILDING

LOT FOR SALE

1396 Richards Street, Vancouver 30,000 sq ft lot, 2/3 of a city block $$ , ZONING 150,000 sq ft buildable density Operating business included with sale

117 West 5th Avenue, Vancouver SQ FT BUILDING ON X LOT 'RADE LOADING s !IR CONDITIONED OFFICES (EAVY POWER s CLEAR CEILING HEIGHT Vacant possession

1250 Frances Street, Vancouver 5,248 sq ft freestanding office/ warehouse building 2ECENTLY RENOVATED s :ONED ) Owner/occupier opportunity

1205 Nanaimo Street, Vancouver X LOT s # :ONING #ORNER OF .ANAIMO AND 7ILLIAM 3TREETS &ULLY ,EASED s !SKING

Tom Bakker, James Bayley

Conor Finucane

Ryan Saunders, Mitch Ellis

James Bayley, Tom Bakker Meghan Kennedy

RETAIL STRATA SALE/LEASE

RETAIL STRATA SALE/LEASE

MIXED-USE DEVELOPMENT

INDUSTRIAL SALE

OFFICE/SHOWROOM SALE/LEASE

4090 Graveley Street, Burnaby 2,738 sq ft building on 10,245 sq ft lot Gilmore Avenue exposure Ample parking .EAR 'ILMORE 3KY4RAIN STATION

111 - 3823 Henning Drive, Burnaby 2,849 sq ft office/showroom #ENTRALLY LOCATED IN "RIDGE "USINESS 0ARK 7 parking stalls #ORNER UNIT WITH ,OUGHEED (WY EXPOSURE

Steve Caldwell

Chris McIntyre

Pr ic e

Re du ce d

PRIME DEVELOPMENT SITE

1186 Granville Street, Vancouver 3,000 sq ft development site &32 Parking income High exposure location James Bayley, Meghan Kennedy

6158–6178 East Boulevard, Vancouver 2ARE OPPORTUNITY IN +ERRISDALE s :ONED # 12,452 sq ft lot 31,130 sq ft of buildable density Chris McIntyre, James Bayley, Tom Bakker

RETAIL FOR SALE

1738 West 2nd Avenue, Vancouver SQ FT JUST EAST OF "URRARD 3TREET !IR CONDITIONED s (IGH QUALITY IMPROVEMENTS s 5NDERGROUND PARKING Vacant possession

5854 Fraser Street, Vancouver SQ FT s )MPROVED AS CAFĂ? +ITCHENETTE s 7ASHROOMS Tables and chairs can be included )NCLUDES PARKING STALL

Conor Finucane, Howard Malchy

Chris McIntyre

James Bayley, Tom Bakker Meghan Kennedy

INDUSTRIAL SALE

INDUSTRIAL SALE

INDUSTRIAL SALE

COMMERCIAL REDEVELOPMENT

INDUSTRIAL SALE

140 Glacier Street, Coquitlam Rare high quality 23,100 sq ft facility ON ACRE s LOADING DOORS .EW ROOF s &LOOR DRAINS Vendor will lease back up to 17,000 sq ft

109 & 110 - 17 Fawcett Road, Coquitlam 5,543 strata unit in riverfront location &RONT OFFICE REAR LOADING !IR CONDITIONED QUALITY OFFICES 3 phase power

107–109 - 1750 Hartley Ave, Coquitlam STRATA UNITS s SQ FT EACH 3OLD INDIVIDUALLY OR COMBINED 'RADE LOADING s 0ROFESSIONAL OFFICES Across from Home Depot

904 & 918–990 Victoria Street, Kamloops 2 buildings on 9 lots totalling 1.377 acres Total building area 88,000 sq ft Existing holding income Asking price $1,995,000

17957 55th Avenue, Surrey 11,287 sq ft (IGH OFFICE BUILD OUT s 'RADE LEVEL LOADING Asking $1,595,000

Chris McIntyre, Steve Caldwell

Steve Caldwell, Phil Gibbons

Chris McIntyre

Steve Caldwell, Murray Wills

Pr ic e

Re du ce d

1632 West 4th Avenue, Vancouver n SQ FT BUILDING s FRONTAGE User/investor opportunity

Steve Caldwell, Tony Capolongo Sebastian Espinosa

&OR MORE INFORMATION ON OUR AVAILABLE PROPERTIES AND RANGE of commercial real estate services please contact us today. Tel: (604) 684 7117

www.dtzvancouver.com

Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent veriďŹ cation. DTZ Barnicke Vancouver Limited, Real Estate Brokerage 10/2011.

A6 Lower Mainland

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

%FBUI PG )45 DPVME GVFM B ÂĄ8FTUFSO TQSJOH¢ t may be a long way from Tahrir Square to Robson Square, but the recent death-by-democracy of B.C.’s loathed harmonized sales tax (HST) could and should trigger a popular uprising, a “Western springâ€? if you will, as citizens discover that joining together can force change. It happened in Egypt and Libya and, in a much more polite Canadian way, it has now happened here. We know there are a lot of businesses that decry the end of the HST, saying that it will be bad for the long-range B.C. economy, that it will cost jobs and stifle investment and all that. Well, get over it. The people have spoken and the tax is dead. This is the first time that Canadian voters have actually killed an unpopular tax and the ramifications have yet to be fully explored or exploited. Think of it. Virtually every major media outlet, the provincial and federal governments and the biggest companies and corporations were all lined up in favour of the HST. Millions of dollars were spent on TV and print advertising using the best marketing brains in the country to convince citizens

*

to support the tax. And still it went down in flames. The only problem now is forcing the government not to drag out the funeral, which will apparently last another two years before the 12 per cent tax is dead and buried. In the meantime, citizens may find that there are other issues that should also be the focus of grassroots democracy. The death of the HST could convince the average person that he or she doesn’t have to take it any more. The uprising could be just the beginning of a transformation of how we govern ourselves. Some may say that the HST – an unpopular tax rammed through without public consultation – was an easy target and that it would be hard to galvanize public support for other issues. But the anti-HST vote worked and the precedent has been set. Here are few suggestions for other potential targets of a popular vote: • Bloated government and pay: people could ask why, for example, the number and pay of teachers goes up as school enrolment has fallen every year since 2002. Residents of Manitoba could ask why 26 per cent of the employed work for the government, while in

8&45&3/ 1&341&$5*7&

ProďŹ table Business

/&95 .0/5)

Western Investor looks at residential investments in the U.S. as foreclosures continue to increase. We look at a savvy Albertan’s strategy for strip-mall investors. We profile the top 10 business towns in Western Canada. Our regional reporters file from Cochrane, Vancouver and Weyburn. FRANK O’BRIEN

ADVERTISING DEADLINE NOVEMBER 2011 issue: October 11, 2010

EDITOR wieditor@biv.com

Call Today For Your Management Proposal!!

Property Management

Excellent ROI. Business is in its 9th yr. Owner will stay on for up to 3 months.

7 7

Asking $500,888 for business and equipment Contact

Alberta it is 16 per cent. • Dictation from First Nations: average British Columbians could vote to end the power of a few citizens to dictate resource developments that benefit the entire country. • Political attack ads during elections. • Balanced budgets: Greece and Ireland are examples of what happens when governments run up unsustainable expenses. Canadians could vote to make all levels of government pay for what they promise without racking up debt for our grandchildren. These are just a few examples, but you get the drift. The HST vote has potentially released a populist power play, starting in the West and spreading across the country.

Publisher Cheryl Carter Editor Frank O’Brien Contributing Writers Bryant E/Andrus, Dave Husdal, Geoff Kirbyson, Glen Korstrom, Joel McKay, Peter Mitham, Kevan O’Brien,Jenny Wag le r C o p y E d i t o r N o a G l o u b e r m a n Production Manager Rob Benac Production Natalie Reynolds, Tanya Van Advertising Sales Manager Christine Campbell Advertising Sales Paul Douglas, Gary Takahashi Advertising Sales Coordinator Angela Foster Accounts Receivable Yvonne Posch Circulation Veera Irani, Newsstands Globe Distribution Services Printed in Canada at Kodiak. Western Investor is published monthly by BIV Media Limited Partnership VANCOUVER – HEAD OFFICE: 102 East 4th Avenue, Vancouver, B.C. V5T 1G2 Subscriptions and Advertising Sales Tel: 604669-8500 Fax: 604-669-2154 Canada/U.S. tollfree: 1-800-661-6988 Alberta, Saskatchewan & Manitoba Advertising Sales toll-free: 1-888606-6267. Canadian publications mail product sales agreement #40069240, GST #105655567. Copyright 2002. While every effort is made to ensure the accuracy of articles and advertising that appear in each edition of Western Investor, the publisher may not be held responsible for any errors or omissions that may from time to time occur. No part of this publication may be quoted or reprinted in any medium without the express written permission of BIV Media Limited Partnership.

We give you our full attention at fair and competitive rates!

KEN 604-838-0985 Ken@me.com

Ph: 604-864-6400 T/F: 1-877-864-6424 www.strataschoice.com email: colleen@strataschoice.com 1A 33820 South Fraser Way, Abbotsford, BC V2S 2C5

!!#*#0 2',% 3!!#11 &+ # %- *+$ %+ ''&)+,%"+/ % &)* *!& /

*" %+" # + "# %- *+$ %+ ''&)+,%"+/ % (, $"*!

GLENN YAMADA PERSONAL REAL ESTATE CORPORATION CELL: 604-240-2749 EMAIL:

g-yamada@shaw.ca

COMMERCIAL AND RESIDENTIAL REAL ESTATE SINCE 1989

BUSINESSES FOR SALE GOURMET MEAT SHOP $149K UĂŠĂŠ ĂƒĂŒ>LÂ?ÂˆĂƒÂ…i`ĂŠÂŁĂ“ĂŠĂži>Ă€Ăƒ°ĂŠ-Ă•ÂŤiĂ€ĂŠĂŒĂ•Ă€Â˜ĂŠÂŽiÞÊLĂ•ĂƒÂˆÂ˜iĂƒĂƒ UĂŠ Ă€i>ĂŒiÀÊ6>˜VÂœĂ•Ă›iÀÊ>Ă€i>‡Ê}Ă€i>ĂŒĂŠÂ?ÂœV>ĂŒÂˆÂœÂ˜ĂŠ UĂŠ6iÀÞÊÂ?ÂˆĂŒĂŒÂ?iĂŠVÂœÂ“ÂŤiĂŒÂˆĂŒÂˆÂœÂ˜ĂŠĂ‰ĂŠ ˜vÂœĂŠ*ÂŽ}°ĂŠ>Ă›>ˆÂ?>LÂ?i UĂŠ->Â?iĂƒĂŠfĂˆää ÊÉÊ iĂŒĂŠĂŒÂœĂŠÂœĂœÂ˜iÀÊfÂŁÂŁx UĂŠ Â˜Ă›iÂ˜ĂŒÂœĂ€ĂžĂŠÂ˜ÂœĂŒĂŠÂˆÂ˜VÂ?Ă•`i`ĂŠ­fĂ“ä ĂŠĂŒÂœĂŠfĂ“x ÂŽ GREEK MEDITERRANEAN RESTAURANT $400K UĂŠ->Â?iĂƒĂŠfÂŁ ÊÉÊÎÊÞi>Ă€ĂƒĂŠĂ‰ĂŠ ˆ˜ˆ˜}ĂŠEĂŠ/>ÂŽi‡"Ă•ĂŒ UĂŠ Ă€i>ĂŒiÀÊ6>˜VÂœĂ•Ă›iĂ€ĂŠĂ‰ĂŠÂ™ĂŽĂŠĂƒi>ĂŒĂƒĂŠĂ‰ĂŠ ˆ¾°ĂŠ ˆVi˜Vi UĂŠ iĂŒĂŠfĂ“xä ĂŠĂ‰ĂŠĂœÂˆÂ?Â?ĂŠÂ?ÂœÂœÂŽĂŠ>ĂŒĂŠĂ€i>Â?ĂŠiĂƒĂŒ>ĂŒiĂŠĂŒĂ€>`iĂŠ NEW!! VETERINARY MEDICAL / SURGICAL INSTRUMENT SUPPLIER $350K UĂŠ ĂƒĂŒ°£Ă“ĂŠĂži>Ă€ĂƒĂŠĂ‰ĂŠĂƒÂœÂ?ˆ`ĂŠVÂ?ˆiÂ˜ĂŒĂŠL>ĂƒiÊÉʍÂ?Ă•ĂƒĂŠ Â˜Ă›iÂ˜ĂŒÂœĂ€Ăž UĂŠ LĂƒiÂ˜ĂŒiiĂŠÂœĂœÂ˜iĂ€ĂŠĂ‰ĂŠĂ“ĂŠĂƒĂŒ>vvÊÉÊÂ?ÂœĂœĂŠÂœĂ›iÀ…i>` UĂŠ7iLĂŠĂƒÂˆĂŒi]ĂŠ ÂœÂ“ÂŤ>Â˜ĂžĂŠ Ă€>˜`ĂŠÂˆÂ˜ĂƒĂŒĂ€Ă•Â“iÂ˜ĂŒĂƒ UĂŠ{ĂŠ9i>ÀÊ Ă›iĂ€>}iĂŠ `Â?Ă•ĂƒĂŒi`ĂŠ iĂŒĂŠfÂŁĂ“Ă“ ÉÞi>Ă€ UĂŠ Ă?ViÂ?Â?iÂ˜ĂŒĂŠĂ•ÂŤĂƒÂˆ`iĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠĂ‰ĂŠÂ˜ÂˆVÂ…iĂŠÂˆÂ˜`Ă•ĂƒĂŒĂ€ĂžĂŠ NEW!! CURVES FITNESS CENTER $39K UĂŠ Ă€i>ĂŒiÀÊ6>˜VÂœĂ•Ă›iÀÊ>Ă€i>ÊÉÊ ĂƒĂŒ°ĂŠ£äĂŠĂži>Ă€ĂƒĂŠ UĂŠ LĂƒiÂ˜ĂŒiiĂŠÂœĂœÂ˜iÀÊÉÊ iĂŒĂŠfĂŽx ĂŠĂŒÂœĂŠÂœĂœÂ˜iĂ€ĂŠÂœÂŤiĂ€>ĂŒÂœĂ€ UĂŠ œœ`ĂŠĂ•ÂŤĂƒÂˆ`iĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠ

c 9BB€ $0##&-*" ',2#0#12 ', #12 ,!-34#0 &-2#* ," 0#1'"#,2' * 11#21 5'2& 4 *3# 3.1'"# 2& 2 5'** !-,20' 32# 2- ,7 0# * #12 2# .-02$-*'- c -2#* + 0)#2 *# "#0 ', #12 ,!-34#0 2& 2 #,(-71 120-,% .#0$-0+ ,!# "3# 2- *-! 2'-,I 0#!-%,'2'-, ," 13..*7 !-,120 ',21 c '%& /3 *'27 :;L0--+ +-2#* 11#2 2& 2 5 1 0#$30 '1&#" ', :BBA c "( !#,2 1',%*# $ +'*7 0#1'"#,!# .0#1#,21 ""'2'-, * 4 *3# .-2#,2' * 2&0-3%& 0#2#,2'-,I 1 *# -0 0#"#4#*-.+#,2 c "7**'! ," #,20 * -01#1&-# 7 1#22',% .0#1#,21 .0-+',#,2 *-! 2'-, 2- 120 2#%'! **7 ! .230# 2&# + 0)#2 c -2#,2' * $-0 0#,-4 2'-, ," 0#"#4#*-.+#,2 -$ -,# -0 -2& *-21 2- &'%&#0 "#,1'27

'!# 0#1'"#,2 p 1' !'É‘! >B< >>: :>>@ !#!'*' G21#_!-**'#01G!-+

#,'-0 '!# 0#1'"#,2 >B< >>9 B@<> 2-+G ,"0#51_!-**'#01G!-+

;@B=@ I I c :BI>?: +'6#"L31# 3'*"',% !-,1'12',% -$ 9= 0#1'"#,2' * 3,'21 ," < 0#2 '* 3,'21 c 3**7 *# 1#" 0#1'"#,2' * ," 0#2 '* 3'*"',% 2- , 2'-, * ," *-! * 2#, ,21 ',!*3"',% , " -12 c #,20 **7 *-! 2#" ', 2&# &# 02 -$ -5,2-5, /3 +'1& c '23 2#" +-,% 1'%,'É‘! ,2 +-3,2 -$ $3230# 0#1'"#,2' * "#4#*-.+#,2 c "# **7 1'23 2#" +'"L5 7 $0-+ ,!-34#0 2- &'12*#0

g #01-, * # * 12 2# -0.-0 2'-,

'!# 0#1'"#,2 p 1' !'É‘! >B< >>: :>>@ !#!'*' G21#_!-**'#01G!-+

6#!32'4# '!# 0#1'"#,2 >B< >>9 B@@: 1'+-,G*'+_!-**'#01G!-+

) %-"## +) + +! #&&) % &,- ) 0

0

... &##" )* % &$

COMING SOON!! HAIR SALON & SPA UĂŠ ĂƒĂŒ°ĂŠĂŽĂŠĂži>Ă€Ăƒ°ĂŠ/Ă€ÂˆÂ‡ ÂˆĂŒÂˆiĂƒĂŠ ÂœV>ĂŒÂˆÂœÂ˜ĂŠ}Ă€i>ĂŒĂŠ i>Ăƒi UĂŠ ÂľĂ•Âˆ°ĂŠEĂŠ Â“ÂŤĂ€ÂœĂ›i“iÂ˜ĂŒĂƒĂŠÂ‡ĂŠÂœĂ›iÀÊfĂŽää UĂŠ->Â?iĂƒĂŠfĂ“ä ĂŠ ÂœÂ˜ĂŒÂ…ĂŠĂ‰ĂŠ iĂŒĂŠĂŒÂœĂŠ"ĂœÂ˜iÀÊÉÊfÇ ĂŠ³³ UĂŠĂŠĂŠ-iÂ?Â?iĂ€ĂŠÂœĂœÂ˜ĂƒĂŠ{ĂŠĂƒ>Â?ÂœÂ˜ĂƒĂŠEĂŠ>ĂŠÂ…>ÂˆĂ€ĂŠ`Ă€iĂƒĂƒÂˆÂ˜}ĂŠĂƒV…œœÂ?ĂŠ ĂŒÂœÂœĂŠÂ“Ă•VÂ…ĂŠĂŒÂœĂŠÂ…>˜`Â?i NEW!! MEDITERRANEAN PITA/PIZZA $69K UĂŠ ĂƒĂŒ°ĂŠĂŽĂŠĂži>Ă€ĂƒĂŠĂ‰ĂŠ iĂœĂŠ7iĂƒĂŒĂŠĂ‰ĂŠ}œœ`ĂŠiĂ?ÂŤÂœĂƒĂ•Ă€iĂŠ UĂŠ ÂľĂ•Âˆ°ĂŠEĂŠ Â“ÂŤĂ€ÂœĂ›i“iÂ˜ĂŒĂƒĂŠÂ‡ĂŠÂœĂ›iÀÊfÂŁĂ“x UĂŠ ii`ĂƒĂŠÂ˜iĂœĂŠĂ›iÂ˜Ă•iĂŠi°}°ĂŠ Ă€iiÂŽĂŠi>ĂŒiĂ€ĂžĂ‰ĂŒ>ÂŽiÂ‡ÂœĂ•ĂŒ UĂŠ ÂˆÂľĂ•ÂœĂ€ĂŠ ˆVi˜ViÊÉÊ Âœ>`ĂƒĂŠÂœvĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?

LAND, BUILDING & BUSINESS NEW!! ENGRAVING BUSINESS $339K BUILDING: 2,800 SF / 5% CAP $550K UĂŠ ĂƒĂŒ°ĂŠÂœĂ›iÀÊÓäĂŠĂžĂ€Ăƒ°ĂŠĂ‰ĂŠiĂ?ViÂ?Â?iÂ˜ĂŒĂŠ Â?ˆiÂ˜ĂŒĂŠ >Ăƒi UĂŠĂŠ Ă•ĂƒĂŒÂœÂ“ĂŠÂ?>ĂƒiÀÊEĂŠĂ€ÂœĂŒ>ÀÞÊi˜}Ă€>Ă›ÂˆÂ˜}Ăƒ]ĂŠĂŒĂ€ÂœÂŤÂ…ÂˆiĂƒ]ĂŠĂŠ ÂŤÂ?>¾ÕiĂƒ]ĂŠ}Â?>ĂƒĂƒĂŠEĂŠVĂ€ĂžĂƒĂŒ>Â? UĂŠĂ“ĂŠĂži>ÀÊ>Ă›iĂ€>}iĂŠ iĂŒĂŠÂŁĂ“Ă“ ÉÞi>ÀÊ UĂŠ Ă•ÂˆÂ?`ˆ˜}\ĂŠÂŁĂ“ĂŠĂžĂ€ĂƒĂŠĂ‰ĂŠ ÂœĂ€Â˜iĂ€ĂŠĂ‰ĂŠĂ•Â˜ÂˆĂŒĂŠĂ‰ĂŠiĂ?ÂŤÂœĂƒĂ•Ă€i U -Â…ÂœĂœĂ€ÂœÂœÂ“ĂŠĂ‰ĂŠĂœ>Ă€iÂ…ÂœĂ•ĂƒiÊÉÊ"vwViĂŠĂŠ UĂŠ Ă€i>ĂŒĂŠĂ•ÂŤĂƒÂˆ`iÊÉÊ"ĂœÂ˜iÀÊÀiĂŒÂˆĂ€ÂˆÂ˜}ĂŠĂ‰ĂŠÂ˜ÂˆViĂŠÂˆÂ˜`Ă•ĂƒĂŒĂ€Ăž

Thinking of selling your Business?? Give me a call. I’ll be happy to sit down with you and evaluate your Business.

Lower Mainland A7

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

For more information visit our website

Vancouver Office 604 687 7331 s

www.avisonyoung.com

s

FEATURED LISTING FOR LEASE – Brewery District s 0RIME /Fl CE SPACE WITH LARGE m EXIBLE m OOR PLATES s LOCATED AT 3APPERTON 3KY4RAIN STATION s /VER MILLION SF OF 2ETAIL #OMMERCIAL HEALTH RESIDENTIAL 287 Nelson’s Court, Building 1 – “Translink Building” s SF AVAILABLE ,%%$ 'OLD #ERTIl ED /CCUPANCY 1 130 East Columbia Street, Building 3 s SF AVAILABLE LARGER OPPORTUNITIES AVAILABLE s 0RE LEASE BUILT TO SUIT OPPORTUNITIES #JMM &MMJPUU %BSSFMM )VSTU

FOR SALE – 1550 East Hastings Street, Vancouver s SF SITE CITY BLOCK W FT OF FRONTAGE

SOLD – 1496 Rupert Street, North Vancouver s #OMMERCIAL BUILDING WITH BDRM PENTHOUSE APT D s /NE OF A KIND BUILDING L O s ,OCATED ON THE CORNER OF MOUNTAIN HIGHWAY S 2UPERT 3TREET .BUU 5IPNBT ,ZMF #MZUI s

FOR SALE – 9532 194A Street, Surrey s ACRE LOT WITH SF BUILDING s !DDITIONAL MEZZANINE OFl CE s TON CRANE HEAVY POWER

FOR SALE - 1484 Rupert Street, North Vancouver s )NDUSTRIAL BUILDING FOR SALE s /WNER WILL LEASE BACK FOR YEAR TERM s .BUU 5IPNBT ,ZMF #MZUI

R T DE AC N U TR N CO

FOR SALE 105 Brunswick St. & 110 Victoria St., Prince George

PR

ICE

R

U ED

CE

D

s $EVELOPMENT /PPORTUNITY n &32 s !LSO SUITABLE FOR OWNER USERS .BSL )BOOBI 3PC (SFFS

+PIO &BLJO .JDIBFM 'BSSFMM FOR SALE – 8424 Aitken Road, Chilliwack s ACRES ZONED AND SERVICED INDUSTRIAL s %XCELLENT ACCESS TO 4RANS #ANADA (WY s QFS BDSF .JDIBFM 'BSSFMM +PIO &BLJO FOR SALE 10816 – 10840 124th Street, Surrey s SF ON ACRES s (EAVY POWER CRANES TRUCK SCALE s 0ARTIALLY PAVED COMPACTED FENCED YARD +PIO &BLJO .JDIBFM 'BSSFMM

s 4ENANTED BY (ONDA $EALERSHIP s .ET )NCOME PER ANNUM s ACRES ,ZMF #MZUI .BUU 5IPNBT s

FOR SALE – 171 East 1st Street, North Vancouver R T DE AC N U TR N CO

s $IRECT EXPOSURE TO OVER VEHICLES PER DAY

s )NDUSTRIAL /Fl CE BUILDING FOR SALE s ,OWER ,ONSDALE ADDRESS s -ULTI 4ENANT PROPERTY WITH UNDER MARKET RENTS s .BUU 5IPNBT ,ZMF #MZUI

FOR SUBLEASE - 10387 Nordel Court, Delta

FOR SALE – 8392 Young Road, Chilliwack s &REESTANDING BUILDING ON ACRES s &LEXIBLE 3ERVICE #OMMERCIAL )NDUSTRIAL ZONING s %XCELLENT EXPOSURE PARKING ACCESS

.JDIBFM 'BSSFMM (MFOO (BSEOFS

FOR SALE – 9781 186th Street, Surrey

s !CRES s SF /Fl CE 7AREHOUSE s #ENTRAL LOCATION

PR

ICE

D RE

UC

%PVHMBT - .D.VSSBZ 3ZBO ,FSS FOR SALE – 108 – 2455 Dollarton Highway, North Vancouver s SQ FT OFl CE WAREHOUSE STRATA UNIT s (IGH END l NISHINGS s 5FSSZ 5IJFT *BO 8IJUDIFMP FOR SALE – Dollarton Business Park - 197 Forester Street, North Vancouver s "RAND NEW STOREY STRATA OFl CE m EX INDUSTRIAL UNITS s ,OCATED IN .ORTH 6ANCOUVERgS FASTEST GROWING COMMERCIAL HUB s 5NIT SIZES FROM APPROX SF TO APPROX SF FULL m OOR 5FSSZ 5IJFT *BO 8IJUDIFMP

ED

s ACRES IN PRIME 0ORT +ELLS LOCATION s ,IGHT )NDUSTRIAL ZONING s /UTSIDE STORAGE PERMITTED s BDSF +PIO &BLJO .JDIBFM 'BSSFMM

SOLD – 19434 - 94th Avenue, Surrey

LD O S

s SF BUILDING s ACRE LOT s 3IX GRADE LOADING DOORS s CEILINGS s "TLJOH QSJDF PG .JDIBFM 'BSSFMM +PIO &BLJO 3ZBO ,FSS

FOR SALE – 254 Royal Avenue, Kamloops s UNITS s ACRES s -AJORITY OF SUITES RENOVATED s QFS TVJUF

$ISJT 8JFTFS 3PC (SFFS

FOR SALE – 687 Yellowhead Highway South Kamloops s SF /Fl CE BUILDING s 3INGLE GOVERNMENT TENANT s ACRES n LOTS s "UILT s DBQ SBUF $ISJT 8JFTFS 3PC (SFFS

FOR SALE – Burns Lake Apartment Portfolio TE s "UILDINGS n SUITES TOTAL FULLY OCCUPIED RA P s #AP 2ATE ON ACTUAL INCOME A C % s TOTAL ACRES 4 1 s QFS TVJUF

$ISJT 8JFTFS

FOR SALE – 5219 - 188 Street, Surrey s ACRES OF )NDUSTRIAL LAND s :ONING ALLOWS OUTSIDE STORAGE s

FOR SALE – 9340 Nowell Street, Chillliwack

1BVM 1VSFXBM FOR SALE – 1161 Kingsway Ave, Port Coquitlam s SF OF INDUSTRIAL LAND s (IGH EXPOSURE s 1BVM 1VSFXBM

s SUITES ONES "ACHELOR s .EW ROOF s #OVERED PARKING 3PC (SFFS $ISJT 8JFTFS FOR SALE/LEASE – 1455-1475 East Georgia Street, Vancouver s SF OF /Fl CE 7AREHOUSE SPACE D CE U s ) ,IGHT )NDUSTRIAL ZONING D RE E C s $OCK AND 'RADE LOADING I PR s +PIO -FDLZ 4USVBO 4BEEMFS

A8 Lower Mainland/Services COMMERCIAL MORTGAGES ALSO, Industrial, Multi-Residential & Construction

LEAKY CONDO FINANCING Full Building Repairs, Upgrades & Remediation

BUSINESS LOANS Acquisitions, Expansion, Equipment & A/R

" , FOR ALL TYPES OF COMMERCIAL PROPERTY:

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

CHILLIWACK AVIATION PARK UNITS FOR SALE/RENT

UÊ «>ÀÌ i ÌÊLÕ ` }Ã UÊ Ýi` ÕÃi UÊ-ÌÀ>Ì>ÊÀiÌ> UÊ Ìi É Ìi UÊ `ÕÃÌÀ > ÊÜ>Ài ÕÃi UÊ ÃÌÀÕVÌ É`iÛi « i Ì >ÃÌÊ ««À Û> ÊUÊ*ÕÀV >ÃiÊ ÀÊ,iw > Vi The Origin Group — Mike Lee

604-552-4392

604-565-6370

www.paramountfinancial.biz Marking our 15th YEAR in business !

1-877-848-6370

michaellee@origingroup.ca

Franchise Opportunity Blenz Master Franchise in Vancouver, Vancouver Island, Ontario & Alberta Blenz Franchises ........$139,900, $179K - $488,800 Steamrollers Franchise Vancouver .................................................................. $319K (Davie St.) Wired Monk Individual Franchise Opportunity Wired Monk ....................$99K, $169K, SOLD-$159K Wired Monk New Franchises - Vancouver ................................ $262K-$350K depending on location Sandwich Tree master franchise opportunity $275K Le Bistro Chez Michel .........................................$199,000 Crepes and Gelato ...................................................$97,600

www.matthewmoadebi.com www.vancouverfranchise.ca

Matthew Moadebi 604-329-6771 (Cell) m.m7430@gmail.com

ARIZONA FORECLOSURE INVESTMENT OPPORTUNITY

DOMINION TRIANGLE PORT COQUITLAM

$15 Million Total Investment

• Prime Light Industrial site

$1.5 Million Required for Startup

• 7.13 acres on Dominion Ave • Site close to Wal-Mart, Costco, Home Depot, & Canadian Tire

$50,000 Minimum Investment Equity Positions Available

RAVI PANWAR 604-771-2401 Ravie@telus.net Park Georgia Realty Ltd

For More Information Visit

GREENWATERAZ.COM Sutton Premier Realty

Ten Year Master Medallion Member Commercial and Residential

DONALD FORSYTHE 604-826-5733 T.F. 604-520-6829 21 YEARS REAL ESTATE EXPERIENCE

Canadian 1st Realty Inc.

RESTAURANT FOR SALE MISSION, BC BUSINESS ONLY OR LEASE

YOUNG YOON, B.A. AND TEAM CEL: 604-808-5024 EMAIL: youngyoon62@hotmail.com

Your Oriental Connection ! COMMERCIAL BUILDING HORSESHOE BAY, WEST VANCOUVER 13 commercial strata 2 APT. Asking $5.998 Mil. Land - .63 acres. Leasable area 15,935.37 sq. ft. resident 1,995 sq. ft. and 2,884 sq. ft. APT. Great tenant mix consists of Subway, C-Lovers, Pizza, Chinese restaurant, hair salon, bakery, walk-in clinic/pharmacy, accounting office, sushi etc. Potential net income of $250,000 / yr.

For all your real estate financing needs

MORTGAGE FINANCING

PORT KELLS 2 2ACRE PARCEL BOTH PROPOSED 15-25/ACRE MED/ HIGH DENSITY. 1.69 mil 17006 96 Ave bare land MLS f1029082 1.49 mil 17072 96th Ave 2400sq hse w/large ware house MLS f1029083

SOUTH

SURREY

1.59M

1.2 Acre. 24th Ave., Granview Heights. NCP 4 - 15 UPA near Walmart.

www.peoplestrust.com BRITISH COLUMBIA REGION

PRAIRIE REGION

$538,800 SURREY WHALLY HOUSE 1 Owner. 3bdrm + den, plus 3 1bdrm Outstanding clientele open 6 days per week 7-4:30pm. Breakfast and Lunch. Korean owner retiring. Best café opportunity in a decade! Building & business: $595,000. Business only: $120,000. Lease for $2500/ month plus tax. DONALD FORSYTHE

604-826-5733 Call for full details.

suite potential gross $3000+ or owner occupy 3bdrm with S excellent OLD mortgage helper 10660 142nd St. Close to SFU Surrey Campus.

SUCCESSFUL BAKERY COFFEE SHOP Downtown with excellent income New Price $359,000 Over $400 mil sold over 12 years. FVREB Commercial member Medallion 2006,2007, & 2008 Sutton Masters Awards Retail or income properties, motels, RV park WANTED ( out of town OK ) HAVE BUYERS

Brian D. Kennedy 604-331-2211

BRITISH COLUMBIA REGION

Jonathan P. Wong 604-331-2218

WWW.YOUNGYOON.CA

Dennis K. Aitken 403-205-8203

PRAIRIE REGION

Daniel Stewart 403-205-8202

A9

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

FEATURE B.C. real estate investments nudged $100 million per month during the first half of this year

$PNNFSDJBM TBMFT SPDLJOH WESTERN INVESTOR ommercial real estate sales were running close to $100 million per month through the first half of this year, with $594 million changing hands through three-dozen transactions. Hottest markets are offices, industrial and apartment buildings and the big buyers are local investors.

$

A lack of supply hampered deal and dollar volumes in all asset classes, which led to lower deal and dollar volumes when compared with the record-setting $1.026 billion in investment sales activity by the mid-point of 2010. The low cost of debt continued to drive down yields with private investors representing the majority of both vendors and purchasers. Industrial and office product captured 75 per cent of the dollar volume invested by private buyers. Real estate investment trusts (REITs), which were the second most active purchasers of commercial real estate assets in the first half of the year, spread their investments almost equally among office, retail and industrial assets. These are some of the key trends noted in Avison Young’s Mid-Year 2011 British Columbia Real Estate Investment Review. The semi-annual report tracks office, industrial and retail investment sales in B.C. greater than $5 million. “It is a perfect storm for vendors in the marketplace right now,� said Michael Keenan, senior vice-president and managing director of Avison Young’s Vancouver office. “With a stable economy and banking system inspiring investor confidence, historic low interest rates, a lack of available quality commercial real estate and an inordinately high demand for commercial product that doesn’t exist, the combination of those factors has created an aggressive pricing environment and downward

pressure on yields. Vendors, should they choose to dispose of assets, will find buyers of all types working to meet their pricing expectations.� Investment sales activity is not on pace to meet the record deal and dollar volumes of 99 transactions worth $1.946 billion witnessed in 2010. According to the report, investment sales declined by $326 million, or 35 per cent, over the second half of 2010 and by $432 million (42 per cent) over the first half of 2010. Deal velocity during the first half of 2011 also declined with 36 transactions closing compared with 45 and 54 transactions in the first and second halves of 2010, respectively.

5PQT ZFBS BWFSBHF

Photo: Avison Young

WI STAFF

The sale of 50,000 square feet of office space at the Hotel Georgia office tower in Vancouver was among the top investment deals so far this year.

Nonetheless, the first-half 2011 dollar volume of $594 million still exceeds the 10-year average for investment sales activity prior to 2010. Between 2000 and 2009, the 10-year average dollar volume for the first six months of the year was $503 million (with a recent low of $316 million in 2007 and a high of $765 million in 2006). In the first half of 2011, purchasers invested 43 per cent more in office product ($270 million) than during the first six months of 2010 ($189 million) despite the same number of transactions (12). The office market posted the highest level of investment seen in any asset class this year to date. Industrial dollar volume also increased in the first half of 2011, climbing 48 per cent to $186 million from $126 million during the first six months of 2010. The number of industrial sales

transactions (13) outnumbered both office (12) and retail (11) trades. Retail investment dropped 81 per cent to $138 million in the first half of 2011 compared with $711 million in the first half of 2010. Purchasers remained keen on acquiring retail assets, but most owners were unwilling to divest due to the inability to find replacement or alternative investments that would obtain similar yields, according to Avison Young. “People would rather be owners of real estate than sellers of real estate in today’s environment. As it relates to retail, it’s not a case of buyers cooling to retail – there just has not been that much available,� said Avison Young principal Michael Gill. “Owners of retail have simply not wanted to sell. It’s too hard to replace.�

$BQ SBUFT

Recent capital-markets turmoil has pushed down Government of Canada bond yields to record levels with the five-year bond yield at approximately 1.5 per cent, some 70 basis points (bps) lower than yields of one yea r ago. This drop has, in turn, reduced top-tier financial institution lending rates by about 40 to 50 bps, as lending spreads have widened. Quotes for conventional five-year mortgage terms now have all-in interest rates with the best-quality loans being in the low-to-mid 3 per cent range. “We are going to see capitalization rate compression in the back half of the year because of recent events in the U.S. and Europe,� said Gill “Interest rates are not going up any time soon and yields on Canada bonds are at historic lows Cap rates are going to decrease further because there will be more demand to buy real estate as the cost of debt is so appealing and alternative investments are not that attractive.�

4VSWFZ IJHIMJHIUT

Office: Office sales activity increased by $81 million, or 43 per cent (33 per cent market share), over the first half of 2010. Retail: After a record year in 2010 in terms of dollar volume ($1.148 billion), investment activity in B.C. retail assets was tempered in the first half of 2011. Industrial: A total of $186 million (31 per cent market share) worth of industrial properties changed hands in the first half of 2011. Unlike previous years, industrial properties were the most actively traded commercial real estate asset type (13 of 36 transactions). Dollar volume per transaction has remained fairly consistent over the past 18 months since the recovery began in earnest at the start of 2010. Multi-family: Meantime, the multi-family market remained one of the most sought-after categories in the first six months of 2011, recording its best first half since at least 2008. Over the first half of 2011, total sales amounted to $238 million, a 125 per cent increase over the second half of 2010 ($106 million) and a 51 per cent jump over first-half 2010 ($158 million).â—†

-PXFS .BJOMBOE

***PUBLIC NOTICE***

FORECLOSURES + Over 9721 single family homes, Condos, townhouses, investment property at MASSIVE DISCOUNTS! + Save BIG on bank forclosures, pre-forclosures, tax sales, estate sales, probate sales & more! + Search across Canada or in your own neighbourhood.

Find Homes - Up To 50% Below Market! www.Foreclosures-gov.org

A10 Lower Mainland

www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR

www.naicommercial.ca Commercial Real Estate Services, Worldwide.

RICHMOND s 3TRIP -ALL NEAR ,ANSDOWNE s )NDUSTRIAL BUILDING REZONE POTENTIAL s )RONWOOD INDUSTRIAL SITE W INCOME s $EVELOPMENT SITE &RANCIS 2AILWAY

$11 Million $5.5 Million $2.8 Million $4.5 Million

VANCOUVER s -AIN 'EORGIA STRATA CONCRETE BUILDING $7.8 Million s %AST "ROADWAY NEAR +INGSWAY SITE W INCOME $5 Million

RICK LUI 604-644-6182 rick@naicommercial.ca

www.naibusinesses.ca HALCYON HOT SPRINGS VILLAGE & SPA 9EAR ROUND OUTDOOR PLAYGROUND WITH SPECTACULAR FACILITIES 0ROlTABLE RESORT SPA BUSINESS WITH NATURAL HOT SPRINGS ACRES WITH M WATER FRONTAGE AND STRATA CHALETS "USINESS AND PROPERTY $15,900,000 CONSTRUCTION RELATED &RASER 6ALLEY 3PECIALIZED BUSINESS ER WITHIN CONSTRUCTION INDUSTRY FOR YEARS /VER M IN SALES R OFF UNDE $850,000 %ASY TO OPERATE LANDSCAPING BUSINESS ,OWER -AINLAND NEW LISTING 3UCCESSFUL LANDSCAPING AND MAINTENANCE BUSINESS WITH COMMERCIAL STRATA AND INDUSTRIAL CONTRACTS IN PLACE $890,000 share sale NIGHTCLUB BAR & GRILL +OOTENAYS NEW LISTING 4HE MOST SUCCESSFUL CLUB IN THE +OOTENAYS WITH AWARD WINNING LIGHTING SYSTEM /NE OF THE LARGEST LICENSED ESTABLISHMENTS IN "# WITH POPULAR RESTAURANT GRILL "USINESS AND PROPERTY ............................................ $1,750,000 AWARD WINNING MILLWORK BUSINESS (,OWER -AINLAND ER -AJOR CLIENTS IN #ANADA AND 53! 2EVENUE IN EXCESS OF M R OFF UNDE inc equip $2.0m VANCOUVER DINNER CRUISE BUSINESS REDUCED )N BUSINESS FOR OVER YEARS OPERATING TWO YACHTS FROM $OWNTOWN 6ANCOUVER .ETS $1.85m inc yachts UNIFORM DISTRIBUTOR ,OWER -AINLAND NEW LISTING /VER YEARS IN BUSINESS $ISTRIBUTOR OF CORPORATE AND HOSPITALITY UNIFORMS AND PROMOTIONAL PRODUCTS ........ $390,000 METAL FABRICATING COMPANY "URNABY 7ELL ESTABLISHED BUSINESS WITH STRONG EARNINGS HISTORY AND HEALTHY MARGINS $1.8m inc equip UNIQUE HOME IMPROVEMENT BUSINESS &RASER 6ALLEY -ANUFACTURER OF CUSTOM DESIGNED SUNROOMS AND PATIOS SOLD DIRECTLY TO COMMERCIAL AND RESIDENTIAL USERS $390,000 inc equip HAIR & BEAUTY SALON ,OWER -AINLAND 6ERY SUCCESSFUL FULL SERVICE BEAUTY SALON IN TRENDY AREA 3ALES OVER STAFF .O RENTALS $258,000 + inv INDUSTRIAL PROPERTY INVESTMENT $ELTA &ULLY LEASED ,ONG TERM TENANT IN PLACE #AP RATE $4,390,000

ALF SANDERSON DELON CHEUNG 604-691-6646

604-691-6654

alf@naicommercial .ca

delon@naicommercial .ca

COQUITLAM WAREHOUSE

NEW WEST OFFICE/RETAIL

s &RASER 2IVER FRONTAGE s SF s

s UNITS SF EACH s 2IVER 6IEW 3KYTRAIN s PER UNIT

SURREY CITY CENTRE

BBY/NEW WEST/COQUITLAM

s SF BUILDING s /FlCE 2ETAIL s

s /FlCE 2ETAIL FOR LEASE s SF s 6ARIOUS ,OCATIONS

BILL HAMILTON 604-524-3641, x305 bill@naicommercial.ca

MUSCLE CAR BUSINESS + PROPERTY CLOVERDALE, BC 6ERY PROlTABLE !SKING ONLY 8 EARNINGS Business - $325,000 #AN BE PURCHASED WITH PROPERTY SF ON AC PARCEL Property - $2,100,000

KEN KIERS OR KEN HICK 604-534-7974 1-800-890-9855 kiers@naicommercial.ca

FINALLY AVAILABLE Langley’s Jeske Corporate Centre ASKING $1,798,000 s 4HE ONLY UNIT AVAILABLE IN THIS SOUGHT AFTER 3/,$ /54 PROFESSIONAL CENTRE s 4ROPHY SUITE DEVELOPERS OWN TOP mOOR WITH EAST SOUTH VIEWS s 1UALITY IMPROVEMENTS WITH EXECUTIVE OFlCES RECEPTION BOARDROOM LUNCHROOM AND OPEN CUBICAL AREA s SQ FT s 6ACANT AND READY FOR YOUR OCCUPANCY INVESTMENT ASKING $3,600,000 NOI $240,000 6.6% Cap s 3INGLE TENANT s "ALANCE OF YEAR TERM DUE FOR RENEWAL RENEWALS AVAILABLE s 4ENANT PAYS ALL COSTS s !CRES s 3URREY ,OCATION SMALL BAY INDUSTRIAL UNITS SOLD OUT WE HAVE BUYERS WAITING – NEED LISTINGS )F YOU ARE CONSIDERING UPSIZING DOWNSIZING GIVE US A CALL FOR A MARKET EVALUATION ON YOUR PRESENT PROPERTY ZONED 51 UNIT MULTI FAMILY SITE IN AREA POISED FOR POPULATION GROWTH ASKING $695,000 s -ERRITT "# ,OCATION s :ONED SERVICES AVAILABLE s 6IEWS OVER THE .ICOLA 6ALLEY s !T ONLY PER DOOR s 6ENDOR WANTS IT SOLD ./7 99 PAD PHASED MANUFACTURED HOME PARK 100 MILE HOUSE AREA ASKING $650,000 s ,AKE !CCESS AND VIEW s "RAND .EW n .O INCOME n st PHASE READY FOR OCCUPANCY s ACRES PADS IN PHASES s st PHASE PADS COMPLETED WITH SEWER WATER AND NATURAL GAS s 3ERVICES TO BE EXTENDED FOR OTHER PHASES AS REQUIRED s 'RAVELLED ROADWAYS THROUGH OUT s 0ROFORMA ESTIMATES PAD RENTAL GROSS INCOME OF ANNUALLY ONE HOUR OPTICAL CENTRE ASKING $250,000 PLUS INVENTORY s 7ELL ESTABLISHED YEAR HISTORY s #ONSISTENTLY PROlTABLE s /NLY HOUR SHOP IN THIS .ORTHERN #OMMUNITY s 3OLID BASE WITH GOOD GROWTH POTENTIAL s /WNER RETIRING AND WANTS IT SOLD

TED WEIBELZAHL 604-514-6825 or 1-800-890-9855 tedw@naicommercial.ca BEAUTY BOUTIQUE & ACCESSORIES (Vancouver) 6ERY WELL KNOWN CELEBRITY BOUTIQUE SPECIALIZES IN MAKEUP SKINCARE FASHION AND UNIQUE SOUGHT AFTER BRANDS !LSO OFFERS EXTENSIVE BEAUTY SERVICES INCLUDING PROFESSIONAL MAKEUP APPLICATIONS ,OCATED IN TRENDY NEIGHBORHOOD VISITED BY (OLLYWOOD STARS NEW LISTING ...................................................................... $480,000 + inv FURNITURE AND CUSTOM BUILT ARTWORK & ACCESSORIES 6ANCOUVER #ANADIAN MADE UNIQUE AND UPSCALE HOME DÏCOR AND FURNISHINGS #ORNER LOCATION WITH PATIO AROUND AT VERY BUSY INTERSECTION 5NDERGROUND CUSTOMERS PARKING................... ................................................................Asking $280,000 + Inv. BLUEBERRY FARM & NURSERY (Abbotsford) 3ITUATED ON PRIME -ATSQUI mATS 4HIS WELL MAINTAINED FARM WITH NEW SQ FT HOUSE OFFERS MATURE "LUECROP AND $UKE 3ET UP FOR MA CHINE PICK #OMPLETE DRIP IRRIGATION SYSTEM ........................$1.98Mil

EQUIPMENT RENTALS Metro Vancouver s ,ONG ESTABLISHED s 6ERY 0ROlTABLE s &ULLY MANAGED s MIL ANNUAL SALES $2.8mil EMPLOYMENT AGENCY Metro Vancouver s 4EMP 0ERM PLACEMENTS s %STABL YEARS s -ANAGEMENT IN PLACE s MIL ANNUAL SALES s 6ENDOR lNANCING AVAILABLE $319,000 DOLLAR STORE FRANCHISE &RASER 6ALLEY s 3INCE s (IGH EXPOSURE IN LARGE MALL s MIL ANNUAL SALES .............................. $358,000+Inv ICE CREAM FRANCHISE Vancouver s %NGLISH "AY LOCATION s 3TATE OF THE ART FACILITY s #LASSIC OLD FASHIONED HOMEMADE ICE CREAMS s ANNUAL SALES Shares $548,000

Ted Stellakis 604-691-6692 stellakis@naicommercial.ca Cranbrook RV & Mini Storage s %STABLISHED BUSINESS SINCE ON !CRES WITH A GREAT EXPANSION OPTIONS IE TO DOUBLE NUMBER OF UNITS s 'ROSS 2EVENUE .ET Asking $1,750,000 Cranbrook Mini Storage s 4HE PROPERTY HAS A BEAUTIFUL SQ FT LOG HOME ON !CRES GREAT SEMI RETIREMENT PROPERTY BUSINESS s 'ROSS 2EVENUE WITH A NET PROlT OF Asking $1,090,000 Salmon Arm, Self Storage s 6ERY STABLE BUSINESSES WITH PAVED LOT PRESENTS WELL s 'ROSS 2EV .ET 0ROlT A s k i n g $1,630,000 42 Suite Apartment Bd, Kamloops s 'ROSS )NCOME #AP 2ATE 34 Suite Apartment Bd, Kamloops s 'ROSS )NCOME ./) Mobile Home Park, Kamloops s 0ADS ON !CRES %XCELLENT LOCATION MIN drive to major malls s 'ROSS 2EV #AP 2ATE OF

A s k i n g $1,725,000

MICHAEL MARCKWORT 604-691-6638 michael@naicommercial.ca

COURT ORDERED SALES 397 Acre Development Site, Sechelt BC s :ONED #$ MIXED USE RESIDENTIAL COMMERCIAL RECREATIONAL s FEET OF WATERFRONT ON 0ORPOISE "AY $22,250,000 459.1 Acre Development Site, Cranbrook BC s :ONED #$ 5( 2 ALLOWING FOR LOW MEDIUM DENSITY RESIDENTIAL s 3URROUNDING 'ARY 0LAYER DESIGNED GOLF COURSE $22,300,000 3,070 sq. ft. Retail Commercial Development, Pemberton BC s 'AS BAR -AC$ONALD S ON SITE SOLD 165 Acre Development Site, Abbotsford BC s 3EVEN PARCELS TOTALING ACRES Price Reduced: $9,900,000

INDUSTRIAL & DEVELOPMENT SITES

MECHANICAL SHOP (North Vancouver) SQ FT BAYS LOTS OF EQUIPMENT 'OOD LEASE /WNER WILL CONSIDER PARTNER SHIP.......................................................................................... $88,000

12,000 sq. ft. Strata Office/Warehouse, Richmond BC s :ONED ) ALLOWING FOR INDUSTRIAL RECREATIONAL COMMUNITY AND EDUCATIONAL USE SOLD 29.2 Acre Commercial/Industrial Development Site, Sechelt BC s :ONED #$ "USINESS 0ARK #OMPREHENSIVE $EVELOPMENT ALLOWING FOR VARIOUS COMMERCIAL LIGHT INDUSTRIAL USES $3,950,000 65 Acre Agricultural Resource Site, Sechelt BC • :ONED 22 2URAL :ONE ALLOWING FOR VARIOUS AGRICULTURAL GARDEN NURSERY SINGLE FAMILY AND RECREATIONAL USES $1,200,000 18.4 Waterfront Development Site, Sechelt BC s :ONED 2 ALLOWING FOR SINGLE FAMILY HOME OCCUPATION USES s !PPROXIMATELY FEET OF WATERFRONT $1,100,000

ELIZABETH WOZNICZKO 604-691-6648 elizabeth@naicommercial.ca

GARY HAUKELAND OR J.D. MURRAY gary@naicommercial.ca 604-683-7535 jdmurray@naicommercial.ca

MOTEL PUB LIQUOR STORE (Vancouver Island) ,AKE FRONTAGE ROOM MOTEL OFlCE SEAT PUB SEAT RESTAURANT GAZEBO /N THE SIDE THERE IS BUSY LIQUOR STORE 4HIS HERITAGE STYLE MOTEL IS LOCATED HR FROM .ANAIMO OR 6ICTORIA 3UMMER ATTRACTS TOURISTS FOR CAMPING AND lSHING 0ERFECT FAMILY BUSINESS .................. NEW LISTING $2.9Mil

Committed to Canada. Connected to the World.

A11

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

(or loss) on the property. As a general rule any overall more cost-effective manner. taxes that you pay to the U.S. will be a credit in Canada when you file your Canadian T1. 2VBMJGJFE BEWJDF The person giving you tax advice should have some knowledge and (preferably) experience &TUBUF UBY The U.S. estate tax is computed on the fair of the three taxing authorities (U.S. tax law; market value of the assets at the time of death. Canadian tax law; and the U.S.-Canada tax Therefore, even if the home is worth less than treaty). There are too many instances of clients what you bought it for, you still could have a relying on advisers who did not fully understand this area of tax, unnecessarily incurring U.S. estate-tax liability. thousands or hundreds of thousands of dollars As a rule, non-residents of the U.S. are allowed to exempt US$60,000 in professional fees, taxes and tax filings. putes that would increase your of their U.S. assets from legal fees. estate tax; US$120,000 for 'PSFJHO JOWFTUPS UBY married couples. Under The Foreign Investment in Real Property Tax 6 4 CVTJOFTT the U.S.-Canada tax treaty, Act (FIRPTA) of 1980 was designed to ensure TUSVDUVSFT Canadians are allowed a pro- that non-resident persons who have a U.S. tax How do you protect yourself rata amount of U.S. resident liability on appreciated U.S. real property pay against the liability associated exemption, which is currently these taxes. When a non-resident person sells with an income-producing US$5,000,000 (2011). In many U.S. real property, FIRPTA requires a 10 per property, e.g., rental property, cases, the pro-rata amount is cent withholding tax based on the gross sellyet not have the double tax or sufficient to exempt U.S. prop- ing price. However, certain forms can be filed before the close of escrow that can reduce the burdensome tax reports that erty from U.S. estate tax. withholding to 10 per cent of the gain, rather are associated with a foreign than on the sales price. Further, withholding entity? The optimum tax struc-JBCJMJUZ ture will depend on three sets The U.S. is generally more does not apply to all sales transactions. BRYANT E. ANDRUS of laws: U.S. tax law, Canadian litigious in nature than other tax law and the U.S.-Canada tax treaty. countries, including Canada. Because of this, 4UVEZ UIF CJH QJDUVSF Without looking at the ramifications in each you will want to ensure that you have adequate When purchasing U.S. property, non-U.S. perof these three separate taxing authorities, you liability protection for both your personal-use sons often get so bogged down with the tax run the risk of getting hit with a double tax, properties and your investment properties. An implications that they lose focus of the big picadditional taxes, additional tax filing and the inexpensive way of mitigating your exposure ture. Taxes are important, but they are the tail aggravation, time and money it takes to correct is to purchase an excess risk (umbrella) policy of the animal that we call investing. As long as the corporate structure. Doing it right the first in addition to the liability coverage that is built you have hired a qualified cross-border adviser, time is critical! into regular homeowners properties. he or she should be able to guide you through the maze of issues to give the best tax result.â—†

There are bargains, but Canadian investors must practise due diligence to avoid being burned

5PQ UJQT XIFO CVZJOH JO UIF 6 4 hen purchasing a property in the U.S. there are several different ways to take title. Some may sound familiar, e.g., joint tenants, but as a buyer you will need to understand how each different method can work for or against you. For example, if not purchased properly, joint tenants with rights of survivorship can have adverse estate tax effects on the survivor, whereas community property or tenants in common may prevent these adverse estate tax effects, regardless of the source of the funds used to purchase the property. With the proper advice, you can sidestep costly mistakes and take advantage of the some opportunities.

8

3&"- &45"5& */7&45.&/5

Another consideration is liability exposure. If you are renting your property, you are exposing yourself to more risk than if you occupied the home yourself. When taking the title in your own name, you are personally responsible for any liability issues that arise. Although you can purchase insurance to protect yourself from some liability, your liability is unlimited and the insurance coverage may not be enough to *ODPNF UBY cover the liability, whereas using a business Once you own real property in the U.S. you entity may limit your liability. may have a tax filing and liability in the U.S. attributable to this income. If the property you own produces any revenue, e.g., rental income %PO¤U CVZ UISPVHI or capital gains on sale, you will be required B DPNQBOZ This is one of the most common mistakes that to file a non-resident tax return by June 30 people make when purchasing property in the the year following the creation of the income. U.S. While you may desire to keep all of your For example, if you sold your U.S. property in investments within one entity, the very act of 2011, the income tax return is due by June 30, owning U.S. real property within your com- 2012. However, you will want to file early so pany causes additional tax-filing requirements your Canadian accountant can file the Canadian and can cause adverse tax results, including return and take the appropriate tax credit. Each owner of the property needs to file a separate potential double taxation. Additionally, there could jurisdictional distax return to report his or her share of the gain

$BTI GMPX

If you are purchasing an investment property you want more revenue than expenses, otherwise why do it? One common expense that is forgotten is the amount of accounting and taxpreparation fees. For example, a simple limited liability partnership return can cost US$1,200 or more. If you only have one single-family home in the partnership and you gross $1,000 per month, than you have just spent 1/12th of your gross rent just to support your corporate structure, and you still have to file a personal tax return for each of the partners. If you are buying multiple properties, there may be ways to structure the purchases in an

Bryant E. Andrus is a certified financial planner with KeatsConnelly of Phoenix, Arizona, which works closely with Canadian investors buying property in the United States. Andrus can be reached through www.keatsconnelly. com. Or phone 1-602-955-5007.

Note: Western Investor will publish a special report next month on Canadians investing in the residential real estate market in the United States, with a focus on the Sunbelt. The report includes examples for buying cash-flowing condominiums and detached houses in markets such as in Arizona and Nevada. -Editor

-PXFS .BJOMBOE LORNE CHERNOCHAN

604-880-0550 (cell) UĂŠKELOWNAĂŠĂˆ{ĂŠĂ•Â˜ÂˆĂŒĂŠ œ˜`ÂœĂ‰Ă€iĂŒ>ˆÂ?°ĂŠĂŠ

ÂœĂ€iĂŠ>Ă€i>°ĂŠÂźLĂ•ÂˆÂ?`ĂŠĂŒÂœĂŠĂƒĂ•ÂˆĂŒ½ĂŠ$11,750,000 UĂŠQUESNELĂŠ£°Ă‡ĂŠ VĂ€i]ĂŠĂ“ĂŠÂ˜>ĂŒÂˆÂœÂ˜>Â?Ăƒ]ĂŠ $144,500ĂŠ ]ĂŠ$2.1 M]ĂŠ£ä]äääĂŠĂƒvĂŠĂŠ ĂŠĂŒÂœĂŠ>``° UĂŠPRINCE GEORGEÆÊ££nĂŠ>VĂ€i]{ĂŠ ĂŠ iĂŒĂ€iĂƒĂŠ }Ă€>Ă›iÂ?]ĂŠ­>LĂ•ĂŒĂƒĂŠ>ÂˆĂ€ÂŤÂœĂ€ĂŒÂŽĂŠ$4,250,000 UĂŠGRAND PRAIRIEĂ†ĂŠÂ“ÂˆĂ?i`ĂŠ"É,ĂŠĂŠ $140,000ĂŠ ]ʙ¯ÊV>ÂŤĂŠ

www.danpreston.ca

www.chernochan.com CALL OR EMAIL FOR A FULL INFO. SET

COMMERCIAL R E A L E S TAT E S E R V I C E S

***************************************************************

SENIOR'S DEVELOPMENT SITE SALE: $2,480,000 Foundation in place, tendered plans, permits, ready to complete.

3 ADJOINING PARCELS = 41 ACRES

UĂŠPRINCE GEORGEÆÊÊ ĂŽĂŠĂƒiÂŤĂŠ>ÂŤ>Ă€ĂŒÂ“iÂ˜ĂŒĂƒĂŠÂŁĂ“Â‡ÂŁĂˆĂŠĂ•Â˜ÂˆĂŒĂƒĂŠ

Mixed Development New Westminster 39 Apartment Units, 7 Townhouse Units $2.69 Million

BEST VALUE INDUSTRIAL STRATA NORTH RICHMOND $645,000 = $174 PSF

GRADE + DOCK; showroom + 2nd

***************************************************************

30 ACRES

UĂŠQUESNEL; Ă€ÂˆVÂŽĂŠ Ă•Ă€Â˜ÂˆĂŒĂ•Ă€iĂŠ Ă•ÂˆÂ?`ˆ˜},ĂŠĂŠ °n™Ê>VĂ€iĂƒ]棂]äääĂŠĂƒÂľĂŠvĂŒ]ĂŠĂ“ĂˆĂŠÂŤ>Ă€ÂŽÂˆÂ˜}]ĂŠÂŤĂžÂ?ÂœÂ˜ĂŠ ĂƒÂˆ}Â˜ĂŠ$1.5 MĂŠ

BC HOTELS & MOTELS $750K to $5M Call for details

604-691-6608

+ GOLF + ALR

oor ofďŹ ces with separate entrance

Residential Mountain Top 20 Estate Homes - $5.5M

peter@naicommercial.ca

ADJOINING ARE INDUSTRIAL

3716 sf = 2,850 sf warehouse with

UĂŠBURNABY;ĂŠÂœvwViĂŠLĂ•ÂˆÂ?`ˆ˜}ĂŠĂŠ n]äääĂŠĂƒvĂŠ$900,000

PETER SEED

2 STREETS FRONTAGE = 777 FEET

***************************************************************

UĂŠSUNCOR / MCDONALD DISP°ĂŠĂŠ {ĂŠĂƒÂˆĂŒiĂƒĂŠÂŁĂŽ]äääĂŠĂƒvĂŠ>˜`ĂŠ{ä]äääĂŠĂƒvĂŠ UĂŠVICTORIA CORE°ĂŠĂŠ ,‡{nĂŠâœ˜i`ĂŠ£äĂŠĂƒĂŒÂœĂ€iÞÊ$1,250,000°

RICHMOND LAND INVESTMENT

$7,980,000

UĂŠKAMLOOPS;ĂŠĂˆĂŠĂ•Â˜ÂˆĂŒ]ĂŠ $95,000ĂŠÂŤiĂ€ĂŠĂ•Â˜ÂˆĂŒ UĂŠPRINCE GEORGEÆÊÓxÂŁĂŠĂ•Â˜ÂˆĂŒĂƒĂŠ]ĂŠ ÂŁĂŽĂŠ>VĂ€i]ĂŠ$12,500,000

lorne@chernochan.com

Personal Real Estate Corporation ,!.$ !33%-",9 s $%6%,/0-%.4 s ).#/-% 02/0%24)%3

Your specialist in PRIME income-generating and redevelopment opportunities:

INDUSTRIAL LEASE = $10 psf 2,555 sf NORTH RICHMOND 1,055 sf showroom + 1,500 sf warehouse

lorne@chernochan.com www.chernochan.com WESTCOAST

Westview Town Houses

2 Six-plex Town Home Buildings Ocean view 2 bdrm/1 bath units. Pay-peruse laundry. Covered parking. Good location in Powell River on main street & bus route. $359,900 each www.WarrenBehan.com

1- 87 7- 485-2324 warren@warrenbehan.com

Warren Behan Personal Real Estate Corporation

Huge Price Reduction! 52 ACRE MOUNTAIN ESTATE 1.5 HRS TO BANFF ACROSS FROM PANORAMA SKI RESORT. Two 2,000 SF luxury Log Chalets. Invest, hold or develop further. Reduced by $1 million to $2,495,000 Details on website. www.TerryYoungHomes.com HEALTH FOOD STORES Thriving, proďŹ table businesses in Vancouver and West Vancouver, providing all health products. Grossing $700K and $400K. Secure Investments - Growth potential. Call for more INFO. Terry A Young 604-970-3808 1-800-665-1455 tayoung2011@gmail.com RE/MAX Crest Realty

A12 Lower Mainland

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

When it comes to commercial real estate, use a REALTOR速 and get back to business. www.howcommercialrealtorshelp.ca

The REALTOR速 trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA.

A13

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

COVER Resource agreement will let Territories keep up to 10 times more of their mining and oil royalties

:VLPO¤T OFX EFBM WI STAFF WESTERN INVESTOR hen Prime Minister Stephen Harper touched down in Whitehorse to end his annual tour of Northern Canada this August, his government had already delivered what the Yukon government had long demanded: a better deal on royalties from some of the richest resource fields in the world.

The Yukon will keep a much greater share of its resource royalties thanks to the proposed new deal, according to Yukon PremierDarrell Pasloski, who has called a fall election for this year where the agreement is expected to be a cornerstone of his campaign. Currently, the territory can only keep the first $3 million earned annually from mining royalties. Anything more is clawed back by Ottawa. The new agreement would be far more generous, allowing the territory to keep annual resource revenue of up to $41 million. The deal is similar to one reached earlier with the Northwest Territories (N.W.T.) and is a signal that the vast northern resources, which include gold, diamonds, oil and gas, are meant to fuel northern development. Currently, most Yukon residents – 80 per cent of whom live in the capital of Yellowknife – rely on paycheques from various levels of government, or First Nation transfers, which make up about 20 per cent of Yukon income. But with the Arctic ice melting, a global push for access to resources and the potential of at least three new mines opening, the Yukon may be experiencing another private industry “gold rush” like the one that first made it famous. “When the Yukon Party government took office in 2002, we promised no tax increases and delivered,” Pasloski said in a pre-campaign statement. “Thanks to sound economic planning and

Photo: PMO office

8

Prime Minster Stephen Harper visits Whitehorse (RIGHT) and a northern mining play: new agreement will allow Yukon to keep more money from resources royalties.

negotiations with the Government of Canada, we’ve been able to raise the territory’s budget from $550 million in 2002 to over $1 billion for three successive fiscal years. We plan on moving forward with continued economic growth to ensure that Yukoners’ money stays with Yukoners.” Harper’s visit was long on symbols and short on specifics. The prime minister toured a new museum in Whitehorse and visited Kluane National Park, after visits to the N.W.T. and Nunavut, where he toured a large gold mine. Harper’s message remained the same at every whistle stop: Canada is focused on “four pillars” of northern development, which he defined as exercising Canada’s Arctic sov-

ereignty, protecting the North’s environmental heritage, promoting social and economic development and improving and devolving northern governance. In the past three years, Ottawa has spent $140 million for the creation of a northern economic development agency and strategic investments, and pledged millions of dollars for new Arctic patrol ships and a new polar icebreaker.

8IJUFIPSTF

Meanwhile, the Yukon government has used incentives to attract more industry. An example is Minto Explorations Ltd., which opened a high-grade copper and gold mine, the Minto Project, in the Whitehorse mining district four

years ago. The Minto Project is an open-pit mine followed by conventional crushing and grinding. The copper and gold concentrates are exported to smelters for treatment and sale through the year-round port of Skagway, 160 kilometres south o f Whitehorse. The Yukon government helped the company work quickly through the permitting process and assisted Selkirk First Nation with funding for implementing a co-operation agreement with Minto. Minto is a subsidiary of Vancouverbased Sherwood Copper Corp. Incentives are also being used, on a smaller scale, to attract new business to Whitehorse, the capital and largest city – 24,000 population – in the Yukon. Government is the major single source of economic activity in Whitehorse, and government services accounts for 20 per cent of total employment. In smaller communities in the Yukon, the proportion of employment in government services may be a little larger but in Whitehorse the wide array of government activities encompasses most public services for the Territory. The capital is the supply centre for mos t Yukon communities, and people tend to buy many products, especially big-ticket items, directly from Whitehorse. In a bid to draw new small and medium businesses, Whitehorse and the Yukon government offer loan guarantees of up to $100,000 for promising start-ups and a $4 million investment tax credit, only $1 million of which had been claimed so far this year according to Ian Young of Yukon Economic Development. Young said the incentives are not aimed at retail businesses, but at wholesale operators, trucking outfits and other employers. He noted

Please see Ice free page A14

-PXFS .BJOMBOE LD O S

LD O S

LD O S

LD O S

LD O S

PLEASE VISIT OUR NEW WEBSITE WWW.CORBELCOMMERCIAL.COM

353 WATER ST.620 SEYMOUR ST.1-15 W. CORDOVA 678 E. HASTINGS ST.33 W. PENDER ST. ST.

UN

DE

PR

O RC

R ICE

R NT

E

T AC

C DU

ED

611 POWELL ST. • FREESTANDING LIGHT INDUSTRIAL BUILDING • OWNER OCCUPIER / POTENTIAL INVESTMENT OPPORTUNITY • MAIN LEVEL PLUS BASEMENT STRUCTURE • EXCELLENT VISIBILITY ON POWELL ST. • LOT SIZE: 6,100 SF (APPROX) • ZONING: DEOD LIST PRICE: $1,550,000

PR

IC

E ER

ED

57 E CORDOVA ST. • PREMIER GASTOWN MAIN LEVEL LIVE/WORK UNIT • EXCELLENT STREET FRONTAGE AND VISIBILITY • CHARACTER SPACE WITH BRICK AND BEAM • OVERSIZED WINDOWS FOR AMPLE NATURAL LIGHT • UNIT SIZE: 1,726.53 SF (APPROX.) • ZONING: HA – 2 (HISTORIC GASTOWN AREA)

LIST PRICE: $888,000

100 141 WATER ST. • CHARACTER OFFICE OPPORTUNITY IN GASTOWN • EXCELLENT OWNER OCCUPIER OPPORTUNITY • BUILT-IN RECEPTION, BOARDROOM AND OFFICES • UNIT SIZE: MAIN: 777 SF (APPROX), LOWER LEVEL: 945 SF (APPROX.) – AS PER STRATA PLAN • AMPLE STORAGE SPACE LIST PRICE: $498,000

C DU

PR

R ICE

E

C DU

ED

666 ALEXANDER ST • 3 STOREY CHARACTER APARTMENT BUILDING • 5 RESIDENTIAL UNITS & 4 SRO UNITS • RENOVATED BUILDING • PLEASE CONTACT AGENT FOR FURTHER DETAILS ON TENANCIES AND RRAP GRANT • LOT SIZE: 3,050 SF (APPROX.) • ZONING: DEOD LIST PRICE: $848,000

ROBERT THAM s MARC SAUL s Corbel Commercial Inc. www.corbelcommercial.com U Tel: 604.609.0882 U Fax: 604.609.0886 U Info@corbelcommercial.com 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 and omissions and all information should be carefully verified. All measurements quoted herein are approximate.

A14 Lower Mainland/Business Opportunities

New Dairy Queen Grill & Chill (Business Only) Free standing 3000 sq/ft with drive thru

*$& '3&& from A13

Invest In The Yukon Preselling 1&2 Bedroom Condos

Mah's Point Inspired urban living Downtown Whitehorse Underground Heated Parking Concrete Steel Construction | Elevator 6 Storeys | Canoe, Kayak, Bike Storage 1 & 2 Bedroom Plus Flex Room Commercial on Ground Level

Prices starting at $269,000

s ,OCATED IN ONE OF 3URREY S MOST DEVELOPING AREAS HWY s 9EAR LEASE Call Gary Gill 604-837-6575

Charles A. McLaren Architect Ltd.

REDWOOD REALTY Marilyn Mah s CELL

www.mahs-point-condos.com

that the strong Whitehorse economy is enough to attract retailers: “We have everything,” he said, naming Starbucks, Walmart and other name-brand retailers.

-BOE MPUUFSZ

Whitehorse has a near-zero rental vacancy rate and a strong demand for new homes, characteristics that may make landlords and home builders take notice. The City of Whitehorse controls most the potential residential development land, however, and conducts an annual land lottery to sell its building lots. For this year, the city offered about 20 lots, each capable of hosting a detached house or a duplex. The lot draw was held last month, with land offered at from $110,000 for 8,000-square-foot lots to $170,000 for larger prime lots of around 16,200 square feet. Demand for housing is forecast to increase as mining activity ramps up in the region. As the Minto Mine expands, Alexco Resource Corrp. is moving forward on plans for its Bellenko deposit and has obtained rights to the old United Keno site, a silver mine that closed in 1989. Western Copper Corp., 192 kilometres north of Whitehorse, is now operational and expanding and is expected to produce about 32 million pounds of copper annually. Redfern Resources also plans to activate the old Tulsequah Chief Mine north of Whitehorse near the Alaska border.

OCTOBER 2011 WESTERN INVESTOR

Meanwhile, analysts say there are othe r promising mine explorations in the White Gold District, within the Tintina Gold Belt, a 200-kilometre-wide, 1,200-kilometre-long arc extending from northern B.C. through the Yukon and into southwest Alaska. Potential plays include Underworld Resources, which holds 16,900 hectares of property in the area and approximately $16 million in its treasury; and Kaminak Gold, with three properties totalling 7,680 hectares. Kaminak was the first into the area and has announced an aggressive program totalling at least $500,000 for this year. Others include Northern Tiger, with seven properties totalling 5,244 hectares, and Capstone, owner of the Minto Mine, which retains rights to acquire a 65 per cent interest in any of Northern Tiger’s projects located within a 50-kilometre radius of the Minto Mine. A $1 million exploration program was budgeted for this summer by Northern Tiger.

"SDUJD NFMU

One of the key aspects of Yukon and northern development isn’t mines, however, but the riches beneath the quickly melting Arctic ice. Arctic sea ice is disappearing at a near-record pace, opening shipping lanes for cargo traffic and oil exploration, according toEnvironment Canada. Ice cover is close to a record low, opening “almost the entire northern sea route to icebreaker-free shipping” as of early August, stated the Moscow-based Federal Hydrometeorological and Environmental Monitoring Service.◆

Lower Mainland A15

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

PUBS

For Sal e

SOUTH OKANAGAN PUB Liquor Store and Building for sale Asking $1,450,000 LOWER MAINLAND PUB & LIQUOR STORE $2,300,000

TOP COMMERCIAL INVESTMENT Fully leased, A-1 condition, good cap rate and only $1,350,000 ALBERTA OPPORTUNITY Over 130 acres for res.dev. adjacent to large subdivision and near jobs, Edmonton airport. Be ready for 2012 housing demand.

LOWER MAINLAND Pub & Liquor Store

Opportunities For Lower Mainland Pub Opportunities call:

JOHN JOHNSON Tel: 604-319-2504 Fax: 604-463-5287 PRUDENTIAL STERLING REALTY LTD.

BUILDING ON

21,961 SF

PROPERTY

$1,699,000

SHORT-TERM RESIDENTIAL HOLD Land near freeway in Langley’s exploding Willoughby area.

West Coast Realty LANGLEY

Land, buildings and business Prince Rupert, BC $2,500,000 BC’s fastest growing super port city

11680 SF

INDUSTRIAL PROPERTY

Delta BC - 11955 95A Ave Automotive, Retail, Restaurant, OďŹƒce and Caretakers Suite I-1 Zoning

DEVELOPMENT SITES Surrey, Langley, Abbotsford; small to large for detatched homes, condos, duplexes, townhomes.

RAY LEWIS Waterfront Pub & Detached Liquor Store

FOR SALE

604-812-9733

Alex Yuen 604-338-1800 Alex Yuen PREC Macdonald Realty Ltd.

s ACRES ASSEMBLED s .EXT TO 'ATEWAY 3KYTRAIN STATION s #LOSE TO 3&5 AND 3URREY #ENTRE -ALL s & ! 2 s FT2 'ROSS "UILDABLE !PPROX s #ITY ANXIOUS FOR DEVELOPMENT s )NFO PACKAGE AVAILABLE Asking: $25,000,000

JOHN JOHNSON

Michael Ward $3! #OMMERCIAL 2EALTY MWARD DSACOMMERCIALREALTY COM

5P WJFX $BMM 3BF 'PSFTU

Lac La Biche, AB – 58 pads, 157 acres ..3,000,000

NANAIMO ROAD HOUSE & LIQUOR STORE – $1,050,000 2½ acres. Land & buildings. Asset sale. Includes 2 suites. PRICED TO SELL

Invermere, BC – 31.48 acres, MHP site . 1,900,000 Kindersley, SK – 51 pads, 4.0 acres .......1,400,000 Radium, BC – 9.77 acres, Cml Hwy Frtg ....900,000 Hope, BC – 40 pads , 4.05 acres ...........1,100,000 Quesnel, BC – 30 pads, 9.25 acres ...........725,000 Cherryville, BC – 25 pads, 22 acres ..........685,000

604-888-7818

Call Now or Email roger@roaron.com

www.roaron.com

Ryder Lake

NANAIMO PUB & LIQUOR STORE $1,275,000 SHARE SALE

North Battleford, SK – 60 pads, 10.9 ac .2,700,000

s SUBDIVISION CONSTRUCTION s BUILDING ENVELOPE s CONCRETE ASPHALT SEALING s STRUCTURAL REPAIR s ROOlNG WATERPROOlNG s PARKING LOTS PARKADES

This property is located in the Fraser Valley and has 2 Triple “A� National Tenants on Long Term Lease. The Main tenant is a Farm Equipment Dealership and the 2nd is a Mini Storage Co. Both have been there for the past few years and planning to stay there for a long time.

LIQUOR STORES, PUBS, HOTELS/MOTELS #SJOH BMM 0GGFST

Golden, BC – 101 pads, 13 acres ...........5,900,000

“Your One Stop Shop�

10 PRIME ACRES FOR SALE

For more information Garry Ward 3UTTON 'ROUP 7EST #OAST 2EALTY GARRY LORAX HOTMAIL COM or

Construction

-0/( 5&3. */7&45.&/5 '03 4"-&

West Coast Realty

SURREY GATEWAY HI-RISE SITE

Roaron

MAPLE RIDGE PUB & LIQUOR STORE $4.2 MILLION, NETS OVER $700,000. WILL SELL SEPARATELY. NEW WESTMINSTER PUB & LIQUOR STORE $2,950,000 (SHARE SALE) SURREY PUB & LIQUOR STORE – Money maker. $2,000,000. SHARE SALE.

Hurry!

QUEENSBOROUGH DEVELOPMENT PROPERTY – Many options – cleared land, approx 34,000 sq ft – zoned commercial/residential. 3 PROPERTIES - OWNER MOTIVATED

Southern exposure, building sites, ample water, power & telephone at lot line, fully fenced, partially cleared, good views, zoned R but has farm status. Peaceful & serene but only minutes from all amenities. Asking $399,900.

Cathy Reimer 604.858.7179

Nyda Realty

GAS STATION WITH LAND & BUILDING $2.9 MIL FRASER VALLEY GAS STATION, C-STORE, LIQUOR STORE, PIZZA SHOP, 4 BDRM LIVING ACCOMMODATION UPSTAIRS (BUSINESS ONLY) PRICE: ONLY $219,000 OR BUSINESS W/LAND & BUILDING $1.65M 2 MORE GAS STATIONS WITH LAND AND BUILDING (FRASER VALLEY) $1.8 MIL EACH GAS STATION WITH LAND & BUILDING $2.69 MIL. OVER 1.5 MIL IN STORE SALES. GAS: OVER 3MIL LITRES. NEW TANK AND PUMP. EXCELLENT GROSS PROFITS AND NET INCOME.

Ashcroft, BC – 8 pads, 0.64 acres .............399,000

BURNABY PUB & LIQUOR STORE –Business only. $2.5 Million Houston, BC – MH & RV Park, 40 ac+/- ....399,000

3 SURREY PUBS IN BUSY SHOPPING CENTRES - PRICED BELOW REPLACEMENT GREAT TERMS. TOLL FREE: 1-888-251-2822 DIRECT: 604-302-3771 FAX: 1-888-804-1394 EMAIL: HJESSE@MOBILEPARKS.COM

Homelife Glenayre Realty www.mobileparks.com

NEIGHBOURHOOD LIQUOR STORES - PUBS - HOTELS - RESTAURANTS IF WE DON’T HAVE IT LISTED WE WILL FIND IT FOR YOU! MANY NEIGHBORHOOD PUBS IN ALL PRICE RANGES NOW AVAILABLE.

BARRY BOCK / DON KAYTOR Phone HOMELIFE BENCHMARK TITUS REALTY

604-575-5262

Phone

604-599-9287

Fax (604) 575-2214 Email: barry_bock@telus.net Website: www.barrybock.com

www.homelifebc.com

INDO-CANADIAN GROCERY STORE, FRESH PRODUCE, VIDEO AND RESTAURANT (BUSINESS ONLY) FRASER VALLEY. PRICE: $99,000 MORE DETAILS CALL:

PAMMI MANDAIR CELL: 604-825-8121 OFFICE: 604-859-3141 paramjitm@shaw.ca www.pammimandair.ca

GLENAYRE REALTY

A16 Lower Mainland

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

Chicago's Artscape

Fraser Valley Mobile Home Parks s 42 pad MHP ON ACRES WITH 26 PARKING SITES AND HOME ON CITY SERVICES IN -APLE 2IDGE !SKING PRICE $4,000,000 0RESENT CAP RATE OF APPROX WITH UPSIDE TO s 31 pad MHP ON ACRES WITH HOMES 26 PARKING !SKING $1,295,000 0RESENT CAP RATE OF WITH UPSIDE POSSIBILITY OF

s %XCELLENT VALUE s )DEAL RETAIL OFl CE LOCATION s 3POTLESS BUILDING WITH ELEVATOR

• Chicago Landmark 300,000 GBA • Cermak Creative Industries District Pioneer • MICD25 grant recipient for district • Major Film and Television Location • 447 tenants in place • High Yield Investment Creative Placemaking, It Starts With Space!

Mission 'AS 3TATION WITH 3UBWAY ATTACHED S F STORE PLUS RESIDENCE ABOVE !SKING $4,000,000. SOLD SOLD SOLD Lougheed Hwy Deroche %8#%,,%.4 (79 %80/352% !CRE CORNER LOT (IGHWAY FRONTAGE ZONED #OMMERCIAL S F METAL CLAD BUILDING WITH LARGE BAY DOORS AND HIGH CEILINGS PLUS SMALL MEZZANINE 02)#%$ 4/ 3%,, !SKING $295,000

JOE SACCO

Michelle Watson 480-326-9520

FOR LEASE OR SALE Great Location on Kingsway, Vancouver Leasing:

1,000-3,000 sq. ft For Sale:

$4,700,000

YVONNE CONNOR

Other Mobile Home Parks coming up in Lower Mainland and Alberta on City services. Call to get on the wait list for information.

Bill Summers

michelle.watson@marcusmillichap.com

778-889-2424 778-997-7096

Direct Line:

SUTTON CENTRE REALTY

604-626-8894

Email: bsummers@telus.net

Macdonald Commercial Real Estate Services Ltd. FRASER VALLEY PROPERTIES | VIC SANDHAR & MIKE GREWAL PREC FOR SALE

7767 128th STREET, SURREY:

•

Âą 1.844 acre high exposure industrial/commercial site

Asking $4,290,000

17351 16th AVENUE, S.SURREY:

•

Âą 14 acre residential development site

Asking $4,780,000 SOLD

29352 FRASER HWY, ABBOTSFORD:

•

Âą 14 acre agricultural site fronting Fraser Highway. Vendor Financing available Asking $1,795,000 REDUCED $1,745,000

5128 184th STREET, SURREY:

•

FOR LEASE

7767 128 th St, Surrey

•

FOR SALE FOR SALE

20178 96 Ave, Langley

20178 96th AVENUE, LANGLEY:

Brand new 33,800 sq. ft. four-storey A-class office building for lease

•

•

Asking $5,850,000

CONTACT: VIC SANDHAR | 604.590.2444 vsandhar@macrealty.com

Partly or fully leased with 5,500 sq. ft. warehouse & 1,300 sq. ft. of fice currently available for owner/user or tenanted

•

List Price: $3.6M

•

3 Blks to VGH & 1 Blk. to Shaughnessy

•

Ground floor units, 2-storey twnhse with outside entrance

•

Fireplaces in all units

•

In-suite laundry

•

Most units incl. 2 bath & hardwood

•

List Price: $3.85M

Retail units also available, including one drive-through location

•

Lease rates starting at $17.50

FOR SALE

CONTACT: BOB SCRAGG | 604.290.2906 bscragg@macrealty.com

8220 120th & 8232 120 th ST, SURREY:

located on the northeast corner of 120 th St & 82 nd Ave on the Surrey/ Delta border.

•

•

Combined site area of 43,698 sq. ft. (1 acre)

•

With two adjoining buildings on site Site totalling approx. 30,000 sq. ft.

•

Call for further details

•

1275 W. 75th AVE, VANCOUVER: Warehouse/Showroom/Office

FOR SALE

8369 River Way, Vancouver

8220 & 8232 120th ST, Surrey

Asking $3,600,000

59 lot subdivision Little Mountain Chilliwack • List Price: $4.5M •

MIKE GREWAL PREC | 604.590.2444 | mgrewal@macrealty.com

•

CONTACT: GARY KHAN | 604.714.4799

8369 RIVER WAY, VANCOUVER: Warehouse/Showroom/Office

•

½ acre, upper office 1,000 sq. ft. main office/showroom 1,500 sq. ft. warehouse 6,000 sq. ft.

•

Easy access to New South Fraser Perimeter road & HWY 99

•

List Price: $1,350,000

•

CONTACT: BOB SCRAGG | 604.290.2906

RARE GOLF COURSE OPPORTUNITY FOR SALE | ERIC POON & KELVIN LUK • • • •

CONTACT: VIC SANDHAR | 604.590.2444 | vsandhar@macrealty.com

3075 Willow, Vancouver

FOR SALE | GARY KHAN

High exposure redevelopment site

Designated as 10-15 units per acre

•

2 Bdr units (avg. 1,000 sq. ft. each)

•

•

16,000 sq. ft. freestanding warehouse/offices

11 underground parking

•

16558 18 th Ave, Surrey

9.56 Acres of development land located in the Grandview Heights NCP #2

•

•

Occupancy: Fall 2012

FOR SALE | VIC SANDHAR

16558 18th AVE, SOUTH SURREY:

½ acre industrial land next to Author Liang Bridge

•

•

1275 W. 75th Ave, Vancouver

•

Elevator

Excellent location near major highways in Langley, BC

1275 W. 75 th Ave, Vancouver

•

8 units 17 years old Apartment Blg. •

•

FOR SALE FOR SALE

3075 WILLOW, VANCOUVER:

Various sized units available

Asking $1,077,000

•

3075 Willow, Vancouver 3075 Willow, Vancouver

•

8.435 acres of agricultural Land

FOR SALE

VANCOUVER PROPERTIES | BOB SCRAGG

• •

Championship Golf Course with Hotel/Resort Potential, Vancouver Island Par 72, 6616 yards, 18 holes Championship Golf Course on 159 Acres 12,000 sq. ft. club house with pro-shop, restaurant, lounge and banquet facilities Full size driving range and large practice facilities Preliminary plans for a 200 rooms hotel and convention centre 8,000 sq. ft. custom built home PRICE REDUCED

CONTACT: ERIC POON or KELVIN LUK | 604.736.5611

COURT ORDERED SALES | BRIAN TATTRIE & GARY KHAN • •

FOR SALE: RETAIL INVESTMENT | JOHN SULLIVAN

2 retail strata units, Langley: $599,000 REDUCED: $529,000 Office Building, New Westminster: $1,450,000 REDUCED: $1,300,000

•

CONTACT: BRIAN TATTRIE - 604.714.4783 | GARY KHAN - 604.714.4799

•

Suit Pool Hall/Recreational/office business/coffee shop for owner/investor Near Riverside Heights Centre, North Surrey • List Price: $625,000 REDUCED: $575,000

FOR SALE: KELOWNA GOLF RANGE - Land, building & business | GARY KHAN • •

CONTACT: JOHN SULLIVAN | 604.714.4773 | jsullivan@macrealty.com

Land, building & business for sale Approx. 10 acres in ALR. List Price: $1,975,000 REDUCED: $1,750,000 CONTACT: GARY KHAN | 604.714.4799

FOR SALE: KOOTENAYS FURNITURE & APPLIANCE STORE | ALI MOHSENI • •

FOR SALE: KAMLOOPS BOUTIQUE HOTEL | BRIAN TATTRIE •

Kamloops/67-room boutique hotel/Bar/Restaurant/lots of upgrades CONTACT: BRIAN TATTRIE | 604.714.4783 | www.briantattrie.com

• •

Well established appliance/furniture store in Kootenays (Trail, BC) Land, building and business for sale Building size is approx. 33,000 sq. ft. on a 1.5 acre lot. List Price: $2,000,000 CONTACT: ALI MOHSENI | 778.840.8405 | amohseni@macrealty.com

Vancouver 604.736.5611 | Fraser Valley 604.590.2444 | www.macdonaldcommercial.com

A17

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

REGIONAL ROUNDUP Booming Prince Rupert port spooks U.S. traders as global giants bid for coalfields

$PBM DPOUBJOFST TQBSL OPSUIFSO # $ CBUUMFT JENNY WAGLER/JOEL MCKAY WESTERN INVESTOR key player in the economy of northern B.C. has had such success that it is rattling the U.S. government.

(TOP) Port of Prince Rupert: with volumes up 30 per cent this year, it has been named North America’s fastestgrowing container port. (RIGHT) More coal trains will be running in B.C. as U.S., U.K. and Swiss investors buy in.

same box had come through Seattle.� Lidinsky said Canada isn’t believed to be breaching NAFTA or any other bilateral agreements. But he said the U.S. wants to establish whether the FMC has jurisdiction over U.S.bound cargo arriving through a Canadian port. “It needs to be established because we have statutes that deal with preference – one shipper over another shipper – and discrimination,� he said. “It’s a general regulatory framework that we’re trying to clarify.� Lidinsky said one suggested “solution� to levelling the alleged unequal playing field would be to have the U.S. require U.S.-bound

¥/P NFSJU¢

“If [FMC] did complete some study into the movement of U.S. goods through Canadian ports, they’d find they’re moving through the safest entry points into North America in our security and protocols – and as well that Canadian ports and transportation systems aren’t subsidized.� Stevenson said efficiencies for shippers are at the heart of the port’s success. “We’re about a day and a half, minimum, closer to Asia than any other West Coast port and with the efficiency of the rail system, you can save four to eight days compared to other West Coast routes,� he said. Gary LeRoux, executive director of the Canadian Association of Port Authorities, said he saw no merit in the proposed American investigation. “It’s clearly the silly season in Washington if this is the kind of investigation they’re thinking about launching.� He argued that it’s rich to see American ports complaining about being disadvantaged, given that they receive more government funding than their Canadian counterparts. “We’d love to have all the largesse heaped on their ports by local, federal and state governments. We don’t have the luxury here in Canada.� LeRoux added that issues such as the harbour maintenance tax need to be solved within the U.S. rather than in Canada, and argued that the proposed investigation will only hurt American shippers and consumers. “If Congress wants to go to Walmart and tell them, ‘You shouldn’t take the best price and the fastest route to get your shirts on the shelf Photo: World Trade Centre

Rumblings are growing of an American investigation into whether the Port of Prince Rupert’s booming container business has unfair advantages over U.S. ports. Richard Lidinsky is chairman of the Washington, D.C.-based Federal Maritime Commission (FMC), which regulates American water-borne commerce. He said he’s expecting the U.S. Congress to ask the FMC to launch an investigation this fall into the Port of Prince Rupert’s container business. In 2010, the Port of Prince Rupert’s container volumes grew by nearly 30 per cent to more than 340,000 TEUs (20-foot equivalent container units). In September 2010, Prince Rupert was named North America’s fastest-growing container port by London, U.K.-based Drewry Shipping Consultants. Lidinsky said that the concerns that he has been hearing from West Coast members of Congress centre around the following: • a harbour maintenance tax that gets slapped on containers coming through U.S. ports that has no equivalent in Canada; • a belief that Prince Rupert port security is more lax than security at U.S. ports; and • differing rail structures on both sides of the border that give advantages to Canada. “This all leads up to the fact that people have alleged that a shipper coming from, let’s say Shanghai through to the Chicago area, is paying up to $600 a box less [if it’s shipped through the Port of Prince Rupert] than if that

Photo: Prince Rupert Port Authority

"

However Shaun Stevenson, vice-president of marketing and business development at Prince Rupert Port Authority, said the American concerns are unfounded.

containers being shipped through Canada to pay the harbour maintenance tax – “to equalize the treatment [of cargo].� But he said NAFTA makes that difficult to legislate. Lidinsky said there’s no push for confrontation with Canada. “We’re not trying to erect any kind of barrier or wall in Canada,� he said. “If the shipper wants to come through Canada, that’s his choice. If he feels he gets a better shipping deal coming through Rupert than through Seattle, that’s his choice. But we want to make sure he’s doing it by the rules and those ports can compete equally for that cargo.�

Please see Global play page A18

-PXFS .BJOMBOE

is more than a leisure destination it is a

ARIZONA

PLACE TO INVEST!

Smart investors are snatching up distressed real estate deals in Arizona and the opportunity is NOW! UNDERSTAND Investing in US residential real estate is not the same for all states. ARIZONA is a SAFE, SMART and OPPORTUNE market for Canadian Investors. CONNECT with two Arizona Real Estate professionals, both Canadians who now live and work in the Valley of the Sun. Join Victoria Miachika and Tricia Lehane at one of their seminars and LEARN HOW and WHY Canadians CAN and SHOULD invest in Arizona, especially NOW.

SEMINAR PRESENTATIONS (Limited Space available RSVP required for admittance) CALGARY EDMONTON VANCOUVER October 24

October 26

November 1

Calgary Petroleum Club

Derrick Winter Club

October 25 Kahanoff Conference Centre

Vancouver Lawn and Tennis Club

Edmonton Petroleum Club

October 27

November 2 Morgan Creek Golf Club.

FOR SEMINAR TIMES OR LEARN MORE ABOUT "INVESTNG SMART IN ARIZONA" RSVP email: Info@ArizonaCanadianConnection.com

tel: 1 888 214 3069

www.ArizonaCanadianConnection.com

A18 Lower Mainland AWESOME 14 PARK-LIKE ACRES

Rare Opportunity - Mission, BC UÊÊ" ÞÊxÊ ÊvÀ Ê Ü Ì Ü Ê Ãà ]Ê ° ° UÊ ÌÊ Ê ,Ê Ê" Ê ÌÞÊ7>ÌiÀ UÊ£ÓÓnÊÃÉvÊÓÊLi`À Ê« ÕÃÊ`i Ê iÊ UÊÊ< }Ê,1£ÈÊ Ê ÜÃÊv À\Ê i`ÊEÊ Ài> v>ÃÌ]Ê Àii ÕÃi]Ê,ià `i Ì > Ê À`iÀ }Ê ÀÊ >Ài]Ê i iÀ> Ê }À VÕ ÌÕÀiÊ ÀÊ iÊ"VVÕ«>Ì °

Bring your offer - Seller wants it Sold! Info Package available

NEW PRICE

$724,900

For more Information please visit

www.KafkaRealEstateTeam.com TRUDE KAFKA cel: 604-791-1304 email: trudek@smartt.com Sutton Group Showplace Realty Ltd.

Spectacular View

36.4 ACR E PROPERT Y

ABBOTSFORD One of a kind awesome view, overlooking Fraser river & Valley farms. Ideal building site for the exclusive country estate. Fully useable farmland for berries or livestock.

$2,188,000 Roy Mufford 604-533-3491 RE/MAX Treeland Realty

www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR

(-0#"- 1-": from A17

… because the American consumer wants to pay more,’ then go ahead. Because that’s what they’re saying.”

/PSUIFBTU DPBM

Meanwhile, two recent mid-sized deals are further evidence that global mining firms are squaring off for dominance of B.C.’s northern coal resources. And the investors are not just coming from energy-hungry Asia. On August 17, U.K.-based mining giant Anglo American announced a deal to take full control of the Peace River Coal Partnership, which operates the Trend Mine near Tumbler Ridge. A week earlier, Switzerland-based diversified miner Xstrata paid $147 million to buy privately held First Coal Corp. and take control of its exploration properties in northeast B.C. “They see the potential, particularly in British Columbia; there are huge opportunities there,” commented Allen Wright, president and CEO of the Coal Association of Canada. Both deals revolve around high-quality metallurgical coal used to make steel, and come amid ongoing demand for the mineral from growing economies such as China. “The supply-demand picture right now is tight,” said Wright. “I just don’t see the demand lessening over the next little while.” Mike Plaster, a coal analyst at Salman Partners in Vancouver, agreed.

“From what we’ve seen the fundamentals for the coal markets are still fairly robust, and on the metallurgical coal side of things the spot prices have held in there fairly well despite the recent [market] concerns,” said Plaster. Earlier this month, spot coal prices topped out at US$304 per tonne for premium-grade steel-making coal. Although Plaster said that’s lower than the quarterly contract rate of US$315 per tonne, it’s

“Shippers can save from four to eight days transporting from Asia to the U.S. through Prince Rupert compared to any other West Coast port” still far above a US$225 price per tonne during the same period last year.

0QFOJOH NPWFT

Wright and Plaster agreed the Anglo and Xstrata deals are likely opening salvos in what could be long-term investment in the province. It is a movement that could mean big changes in B.C.’s northeast. Anglo’s decisions to buy full control of Peace River Coal represents a significant about-face

Linen Supply 33 SUITE APARTMENT BLDG Established, successful linen supply company. Currently supplying tablecloths / napkins to restaurants and banquet halls under contract. Company also supplies washroom supplies and entrance carpets. A great family business! Excellent cash flow!

1835 McLean Drive, Vancouver BC Far Below Market Rents

Contact: NEAL IVERSON

Asking $475,000.00

Phil Johnston 604-263-8800 P R U D E N T I A L U N I T E D R E A LT Y

NCI REALTY LIMITED 200 – 1687 West Broadway Vancouver, BC V6J1X2

Email: neal@ncirealty.ca Direct Line: 604-724-9524

Distribution Warehouse

for the company, which only a year ago had put its 75 per cent stake in the partnership up for sale. Meantime, Xstrata, which has interests in more than 30 operating coal mines, said the First Coal deal represents “an opportunity to grow Xstrata Coal’s coking coal assets within Canada, an attractive investment destination with a relatively stable regulatory and fiscal regime.” Both deals come less than a year after U.S.based Walter Energy bought Western Coal for $3.3 billion, acquiring three mines near Tumbler Ridge and paving the way for it to become the world’s largest pure-play metallurgical coal producer.

5FDI JO HBNF

B.C.’s reigning coal producer, Teck Resources, also has plans to expand its B.C. portfolio. The company, which already operates five coal mines in southeastern B.C., is working on a feasibility study to re-open its Quintette Mine near Tumbler Ridge. Teck said that, assuming permits are received soon and development proceeds as planned, Quintette could be back in production in 2013. Other players such as the U.K.’s Anglo Pacific Group, London, Ontario’s Fortune Minerals and Vancouver-based Compliance Energy are advancing coal projects elsewhere in B.C. Said Wright: “If you add up all the companies that say they are going to develop mines, you could easilu double the production in the province.”◆

Powell River Investment O P P O RT U N I T I E S

Multi-use Light Industrial Property

1.3 acres with 16 storage bays, office, 21’x41’ shop/bay with 3 phase power. Fully fenced, easy highway access, good exposure, room for expansion, just minutes south of Powell River. $339,000

Ideal Commercial Building Site

with fantastic ocean view! Paved 33’ x 86’ lot on busy Marine Avenue among downtown restaurants, retail and service outlets. $109,900

In-Town

Oceanfront

Property

Multi-purpose Development Property; 97 acres gently sloping land + approx 19 acres of foreshore with deep water access. $3,100,000

Magnificent Waterfront Acreage

245 acres west sloping land approx. 2700’ waterfront; incredible panoramic views; in ALR $3,100,000

Incredible Location! 132 acres just past

downtown core; select areas provide stunning ocean & island views; in ALR $849,000

FOR SALE

Ideal Agri-Business Opportunity

PORT COQUITLAM

Great Investment Property 30 acre

102 acres fairly level land; many possibilities; easy access; in ALR $569,900

wooded parcel zoned M3 Industrial; easy access; services available $349,000

4 LOTS APPROVED FOR SUBDIVISON

$1,395,000

Aroma's Gourmet Coffee & Lunch Well established; steady clientele. Leased space in active business complex; Across from Airport. Financials available. $54,900

LANGLEY

Downtown Ocean View Building

46 PRIVATE ACRES (2 Titles) $6,250,000

FLEETWOOD

4 LARGE LOT SUBDIVISION

$1,599,000

on main street, ready to go as a restaurant on main floor plus unfinished lower level & detached building with long-term tenant; paved parking lot; fronts 2 streets. $399,900

Your Dollar Store with More Clean, Located at Duke Point near Nanaimo this 35000 sq. ft. warehouse is ideally situated for distribution of goods to Island locations. Just 5 years old this building has 22 ft. ceilings, five loading bays, 1800 sq. ft. of office space as

MAPLE RIDGE

16 ACRES + LARGE HOME

well as a 3 bedroom caretaker suite. Now available for sale at $4.3 million or for lease at $7 NNN.

$2,100,000

Please visit our website or call for more details.

monarkinvestments.ca

604-592-7250

Financing Available. Potential Trades.

Corney Les

604-795-6938

RE/MAX Corney Les Realty www.morechilliwackrealestate.com

bright, well-organized floor plan in 6000 sqft lease space. Great exposure in a high traffic area. Good mix of surrounding businesses in this shopping/service complex. $149,900

WESTERN INVESTOR OCTOBER 2011

Lower Mainland/ Sea to Sky/Sunshine Coast A19

SQUAMISH

SQUAMISH, BC

Retail/Office Strata 872 sf with retail finishing

$199K

I-1 Revenue Property 0.55 Acre, tenants

$1.19 Mil

Pub & Real Estate - 4000 sf on over 1/2 Acre 163 seat & BW allowed, redev. potential

$699k

Prime Retail For Lease 1,200 – 15,000 sf B Park by National Retailers and Hwy 99! Mixed Use Building Downtown

Spring 2011

$67K Potential net income $869K

Huge Price Reduction! 52 ACRE MOUNTAIN ESTATE 1.5 HRS TO BANFF ACROSS FROM PANORAMA SKI RESORT. Two 2,000 SF luxury Log Chalets. Invest, hold or develop further. Reduced by $1 million to $2,495,000 Details on website. www.TerryYoungHomes.com HEALTH FOOD STORES Thriving, profitable businesses in Vancouver and West Vancouver, providing all health products. Grossing $700K and $400K. Secure Investments - Growth potential. Call for more INFO.

Office & Retail Space Darren McCartney 604-892-4875 darren.mc@shaw.ca

RE/MAX Sea to Sky Real Estate Squamish

RIVERFRONT ESTATE LOTS SQUAMISH, BC (BRACKENDALE) 7 prime 10+ acre residential or equestrian estate lots on the banks of the Squamish River and Judd Slough in breathtaking Brackendale, BC. This gated community is directly across from a natural eagle reserve and directly south of the confluence of the Squamish and Cheakamus rivers. World class fishing and limitless recreation at your doorstep. 45 min. to Van., 35 min to Whistler, 7 min. to amenities. Call for more information and detailed plans. Subdivision application pending.

Terry A Young 604-970-3808 1-800-665-1455 tayoung2011@gmail.com RE/MAX Crest Realty

Income Producing Investments or Rent To Own Opportunites. Units from 700 sf - 2,200 sf Business Park Warehouse & Office 1,720 sf $2,400/month

Retail/Commercial Chilliwack, B.C. Concrete building for sale. Includes adjoining parking lot behind building.

Downtown: Victoria & 2nd Ave 600 sf Office $1,100/month

GAI $181,200 NAI $115,179

Sears Canada Squamish Store Business For Sale: $79,000

Asking $1,700,000

Sean Brawley 604-849-0500

604-728-7765 Armida

City Centre

NEED NOW !!! $5 - $15 million Shopping Centres

$2,125,000 JUST COLLECT THE RENT! Building approx, 5 years old, 12,566 sq.ft. Building. Lot is 31279 Sq Ft. Busy area of Chilliwack. Well maintained. Great Exposure! PRICED TO SELL AT! DON'T MISS OUT! HARD TO FIND PROPERTY.

5%

CA

P

RA

TE

OCEANFRONT CONDO RECEIVERSHIP SQUAMISH, BC

PRICES DISCOUNTED OVER 30% 2 Bed + Den Condos from:

$239,000

Ocean view 2 Bed Condos from:

$319,000

3 Bed Carriage Homes from

$335,000

1.5 blks to the waterfront. 45 min to Vancouver, 35 min to Whistler. New master planned ocean front in expanding downtown core. Steel & concrete construction with mountain and ocean views.

www.coastalvillageliving.com For more information contact Darren McCartney: Sea to Sky Real Estate Squamish

604.892.4875

$1,270,000 NO BRAINER Exclusive Listing 44290 Yale Rd. West Excellent Hwy Exposure. 4 Bays plus Live in Suite Zoned. M2. Land approximately 19,166 sq.ft. Building approximately 7976 Sq.Ft. Each bay has separate entrance, large overhead doors. Perfect Investment Building in Growing Area. Just Listed. Call 604 798 2977 for Details $1,799,900 44703 Yale Road/ 44698 Chalmer Place 1.66 acres in 2 titles, zoned M2 (Service Industrial) in absolutely prime location. Highway 1 exposure, access of Yale Rd. or Chalmer Place (cul-de-sac). Set in the heart of the Industrial area with easy access to the City and national transportation routes. Zoning allows for wide variety of uses including warehousing, light manufacturing, food processing, sales, and more. Offered at a highly competitive price of approx. $25 per sq.ft. THIS IS A GREAT DEAL! $449,000 45922 YALE RD. BUILDING AND LAND LOCATION LOCATION!!! Perfect for detail shop This property is on Busy Yale Rd with excellent exposure. (Across for South Gate Shopping Centre) Very clean Building!! Building approx. 30,000 sq.ft. with one Bay door, Excellent Retail Space for your business or purchase existing Business. Goal Line Hockey Can be purchased separately it is a state of-the-art Hockey training facility with Rink and Skatemill. A must see. Priced to Sell!!

$1,799,000 45787 Yale Road Exclusive Listing perfect for your building supply, glass company, or retail business. Building is over 12,000 sq.ft. and has new siding, new windows, and a new elevator. Downstairs is 6,147 sq.ft. and has a large showroom, offices, and upstairs has 4 leased tenants in offices. Parking on a fenced .935 acre lot. This property was appraised at 2.2 million. Vendor is a motivated Seller. $149,000 QUIZNOS Busy Sardis location, Excellent Franchise opportunity you don't want to miss. All information available, call for complete info package. This is priced to sell! $279,900 Business or $670,000 for Building and Land Agassiz 100 seat restaurant with excellent income, new reno's, full kitchen, A/C and fully licence. Great income and investment opportunity. Room for 60 seat patio. Established business with great clientele.

$699,900 CONVENIENCE STORE/FITNESS CENTRE/BUSINESS BUILDING & LAND Site 12,196.8 sq.ft. Building 3,881 sq.ft. zoned C-2 (Commercial). Retail space, living quarters, and additional space on a nice corner lot. This is an established business with a large clientele base. This property has so many upgrades it’s a must see! VENDOR MOTIVATED BRING OFFERS

Lindsey Gauthier Personal Real Estate Corp.

sutton group showplace realty ltd.

GauthierTeam.com

A20 Vancouver Island EVER POPULAR TINTOWN!!!

JUDY GRAY, CCIM 1.800.600.1718

2456 Rosewall Cres. Courtenay

This package includes a lovely upper level 2 bedroom 2 bath luxury loft style condo with large sun deck. This is the ideal location for your thriving business that needs to make the jump to a fully fl edged high profi le location, which will be located in the 1420 sq. ft. of fi nished space on the main fl oor.$429,900

Glenn Procter PERSONAL REAL ESTATE CORPORATION

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

Suite 103–1801 Bay Street, PO Box 195, Ucluelet. BC. MID-ISLAND REALTY Canada V0R 3A0 PIONEER BOAT WORKS 1600 sq. ft. main / 1680 upper suite. Retail, marine railway & docks. Stage II Enviro completed. $990,000

250-703-3687 www.gprocter.com

FORMER FISH/ICE PLANT

RE/MAX Ocean Pacific Realty

Subscribe

Ucluelet Inlet, w/ foreshore lease. Fully renovated & furnished suite. Large home on upland prop. also available.

$499,900

SURFJUNCTION.com $1,800,000 18.32 acre campground site Professionally run facility MLS® 305986 1865 PENINSULA RD. $299,000 3000 sq.ft. tourist commercial building With owners living quarters

www.westerninvestor.com

Saltspring Island

UÊ , / É" É /Ê 1-/, ÊÊ SPACES FOR LEASE fn°ääÊqÊ£{°ääÉõÊvÌ UÊ £]ÓääÊ-+Ê /Ê£n¿Ê ÊÊ°°°°°°° f£{ ] ää

SOLD

UÊ /Ê 1-/, Ê-/, / ÊÊ ³É £xääÊ-+Ê / Over 20' ceilings 2 full storeys allowed. .............. fÓÇ{] ää UÊÊÎÎääʳÊ-+Ê /Ê Ê "1,/ 9ÊÊÊ ÊRetail/Office/Warehouse (Strata)ÊfÎÓx]äää

C2 Zoning

U

Est. Storage Business

U

3.63 Acres

U

Additional Land for Future Development

Reduced $1,329,000

UÊ Ê+1 /9Ê-/, / Ê" ÊÊ Ê Ó]{ääÊõÊvÌÊ .....................................................fÈÓ ]äää

Utopia Bakery Cafe 9780A Willow St

UÊ°Ç£Ê Ê "7Ê, - Ê */Ê- / Ê°°°°°fnxä]äää UÊ Î]ÈääÊ-+Ê /Ê, / Ê 1 Ê On .28 ac, Comox ................... f Óx]äää

Ê

UÊ Î]äääÊ-+Ê /Ê, / Ê 1 Ê On ½ ac, Courtenay ................. f Óx]äää UÊ Èä]äääÊ-+Ê /Ê , "1- Ê 1-. On 5 ac + home & shop. Was $1,900,000 Ê ÊÊ°°°°°°°°°°°°°°°°°°°°°°°°°°° ÜÊf£]xää]äää

Rob Samsom

AACI CCIM FRI PERSONAL REAL ESTATE CORPORATION

European Bakery

U

Great Location

U

High Traffic

U

Outdoor deck area

U

Ample Parking $239,700

Guy Bezeau or Gayle Jordan 250-245-3700 Toll-Free: 1-888-291-5263 islandcommercial@shaw.ca

1-888-829-7205 www.robsamsom.ca

RE/MAX Ocean Pointe

RE/MAX Ocean Pacific Realty

WOW! What a location! What a lifestyle!

U

Courtenay Comox

HEY! Vancouver Island Retailers

Waterfront Homes $750,000 & up

RESTAURANT

We’re freshening up and brightening up the COMOX CENTRE MALL.

Ocean View Homes $489,000 & up 23 Acre Lakefront Home & Farm $2.3 M 7.75 Acre Farm, Home, Cottage and Barn $569,000 Garry Park Lots, 3 Acres $189,000 & up

OBTAIN A PRIME BUSINESS Turn key, superb location in beautiful Comox “By the Sea” Vancouver Island, BC

Kind of a Rip Van Winkle wake up thing. Bulls eye Downtown. Lots of easy parking, close for everyone, great views Bring your fresh ideas and build your business Local captive area +/- 16000 pop with steady $

NEEDS SHOPS and SERVICES Comox Centre Mall DOWNTOWN We’ll make it easy and help build your store

7 Acre Walk On Waterfront $899,000

BE READY TO OPEN Early 2012

Fabulous Corner Ocean/ Mountain View Restaurant 2500 – 3500sf Professional & personal services 750 – 2000sf WE NEED

Hardware and Niche Shops (like Sidney BC)

Channel Ridge, Serviced Ocean View Lots $289,000 & up Island Homes & Lots Starting at $298,000

EXCELLENT INCOME and PROFIT NUMBERS Share sale for business or business plus 5,478 sq ft building. Key commercial core of downtown, main street, lower level is tenanted. Serious inquiries only. Buyer must be qualified.

CHECK US OUT www.strongbridge.ca

MYLES WILSON NORMAN ROTHWELL myleswilson.comnormanrothwell.com

Go to projects/comm/comox

250-537-5166

Call

SALT SPRING REALTY

92 seat, (the only) family/ casual dining restaurant in Comox, extensive clientele, fully equipped/decorated.

$395,000 - Business/Franchise fee $1,070,000 - Business/Building

Sunset Drive Waterfront Executive Home $2.375 M

250-537-7200

U

UÊ £]{ÈäÊ-+Ê /Ê, / Ê 1 Ê On .23 ac, Cumberland ........... f{nä]äää

www.judygray.com

18 Acre Waterfront – Subdividable $1.399 M

10862 Chemainus Rd

UÊ -/, / Ê" Ê ",Ê- Ê 2nd floor vacant 2,200 sq ft ... fÓ{ ] ää 3rd floor leased 2,200 sq ft ...... fÓx{] ää

UÊ ÇÊ1 /Ê */Ê " "8Ê Zoned for 14 Units ................... fnxä]äää

RAINFORESTBEACHLODGE.com $2,150,000 Oceanfront Lodge & Cabins Dining room/full kitchen

CALL NOW 1-800-661-6988

C H E M A I N U S VANCOUVER ISLAND Saltair Mini Warehouse

VANCOUVER ISLAND Comox Valley

BRENT J @ 604.230.6290 Strongbridge Real Estate Corp

4FMMJOH advertise@westerninvestor.com

604-669-8500 1-800-661-6988

CALL

Neil Woodrow

250-338-3349

COMOX VALLEY

EMAIL neilwoodrow@shaw.ca

www.woodrowgroup.com

Join hundreds of commercial real estate professionals and business people who use the Western Investor every month to market their properties, services and business opportunities. Targeted editorial and distribution pattern equate to results not found elsewhere. Check out our media kit on-line at westerninvestor.com for more information or call us at 604-669-8500. Advertising deadlines are mid-month for the next month’s issue.

Vancouver Island A21

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

ED HANDJA PERSONAL REAL ESTATE CORP.

www.bcoceanfront.com

*…œ˜i\Ê£‡nää‡xĂˆĂŽÂ‡Ă‡ĂŽĂ“Ă“ĂŠUĂŠ iÂ?Â?\ĂŠĂ“xä‡ÓnLJä䣣ĂŠUĂŠi`Â…>˜`Â?>JLVÂœVi>˜vĂ€ÂœÂ˜ĂŒ°Vœ“

+, -& , + --

" / 1 ĂŠ , "1,ĂŠ , ]ĂŠ " One of the most popular marinas in the Ă•Â?vĂŠ ĂƒÂ?>˜`Ăƒ & one of the most protected harbours on the south coast. Long established vĂ•Â?Â?ĂŠĂƒiĂ€Ă›ÂˆViĂŠv>VˆÂ?ÂˆĂŒĂž with consistent clientele, amazing potential for growth, a general store, 50-seat Harbour Grill restaurant, °ĂŽn>VĂ€i & °ĂŽĂ“>VĂ€i upland areas & 2 foreshore leases totaling Ă“°ĂˆĂŽĂŠ>VĂ€iĂƒ. The only private marina on the island! $1,760,000

*",/ĂŠ , 9ĂŠ 1-/, ĂŠ, 6 , ," /ĂŠ 1Â˜ÂˆÂľĂ•iĂŠ ÂŤĂ€ÂœÂŤiĂ€ĂŒĂžĂŠ EĂŠ ÂœÂŤÂŤÂœĂ€ĂŒĂ•Â˜ÂˆĂŒĂžtĂŠ ĂŽ°ĂˆĂŠ >VĂ€iĂƒ zoned Â?ˆ}Â…ĂŒĂŠ ˆ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?, located on ÂœĂ€ĂŒÂ…ĂŠ 6>˜VÂœĂ•Ă›iÀÊ ĂƒÂ?>˜` & minutes from the amenities of town. An attractive, easy access property with substantial highway frontage & a diversity of possible applications including storage facilities, ofďŹ ces, retail services, wholesalers, works yards or combined commercial & retail developments. $295,000

ĂŠ 7 ]ĂŠ " , ĂŠ 1 ,>Ă€iÂ?ÞÊ Ă›>ˆÂ?>LÂ?i investment opportunity: commercial lot & separately titled ÂŁĂˆĂ“xĂƒÂľvĂŒ commercial building currently being operated as a clothing store in downtown >ĂƒĂƒiĂŒ. An ideal space for a number of business applications. Commercial zoning allows retail, business or professional ofďŹ ce space, restaurant or personal service business. Recent interior & electrical upgrades. $140,000

7 -/ĂŠ " -/ĂŠ6 "16 ,ĂŠ -

ULTIMATE opportunity to develop a world class marine resort in ÂœÂœĂŒÂŽ>ĂŠ -ÂœĂ•Â˜` on the West Coast of Vancouver Island. ĂŽäĂŠĂži>Ă€]ĂŠx‡>VĂ€i water lot lease, commercial resort development licenses, business plan, required surveys & site plans, engineered drawings & plans for construction of the proposed facilities & registered company names trademarks & logos: iĂ›iĂ€ĂžĂŒÂ…ÂˆÂ˜}ĂŠÂˆÂ˜ĂŠÂŤÂ?>VitĂŠ $595,000

! ( *

-'- ' . %+ ' + ) / ) && 0 / & / . + / 1 2 -

! " ! !!#$% !& ! " # $ %! &

' ( ) " ! * + ' ! ,

2! -- #. 0 3

%$ , 4 5 . ! 6 7 -- . !,#. 8% -%/-

. /0. // .1 !%

' (' ) *

NANAIMO & VANCOUVER ISLAND PROPERTIES

Ê Ê- ",// Ê / Ê, É 8Ê" * " FORECLOSURE COURT ORDERED SALES 3 ACRE TOWNHOME DEV SITE Stunning ocean view up to 30 units. $995,000 MIDRISE DEVELOPMENT SITE Located in the Downtown core. Nanaimo: Commercial or condo site $269,000 DISTRESS SALE 4000 sq ft home on 1/2 acre property. Desirable Hammond Bay area, needs lots of work, ideal dublex conversion. Assessment $385,000 Asking $272,000

DEVELOPMENT SITES & LAND JUST LISTED; FANTASTIC OCEAN VIEW RM-5 Dev site, unrestricted views, overlooks cruise ship pier. Approved for 34 condos, No DCC’s. $729,000 6 ACRE DEVELOPMENT SITE Zoned RM5, 4 Phases approved for townhome & condos. Central Nanaimo. Asking $2,395,000 FINANCING AVAILABLE

142 ACRE DEV. SITE Nanaimo $5.8 M 2 ACRE COUNTRY LOT ZONED FOR 2 HOUSES Allows for Bed & Breakfast, dog kennels, country market. $389,000 DUPLEX LOT $129,000 4 PLEX LOT $199,000 COUNTRY ESTATES DEVELOPMENT SITE 23 ACRES $459,000 50 ACRES, $995,000 43 ACRES $859,000 Adjoining properties, 1 mile from city limits, Zoned for 5 acre lots

/ ĂŠUĂŠ/" ĂŠ , Ê£‡nääÂ‡ĂˆĂˆx‡nĂŽÂŁĂŽ

INCOME PRODUCING + REVENUE PROPERTIES

HOTELS & PUBS NORTH ISLAND HOTEL & PUB, WINE & BEER STORE 30 renovated rooms generating $8,000 monthly. Seller will finance. $1,595,000

DEPT BAY BEACH FRONT HOME This smaller 2 bedroom home awaits your ideas. Great year round or vacation home, swimming & beach combing right out off your front veranda. $649,900

15 UNIT 2 STOREY STRIP CENTRE CENTRAL NANAIMO High profile location. $899,900 NANAIMO DUPLEX 3 bedrooms per side, 2 separate titles. Excellent income. $424,900 5 RENTAL HOMES – All together 5 sep. adj. lots. Starting at $234,900 or all for $1,150,000. Seller will finance.

FULL FACILITY SUPER 8 MOTEL Central/southern Vancouver Island. High profile Location. 36 rooms, with franchised restaurant plus 125 seat pub 1.5 acre property. $3,950,000

71 UNIT APARTMENT BLOCK 4 separate buildings. New Renos. Over $500,000 spent. North Island location. Over $27,000 monthly income. Management in Place. $2,890,000

CONDOS & HOMES NEW EXCECUTIVE CONDO ON THE WATER with swimming pool & boat deck. Boat moorage included. Seller will finance with 10% down & look at trades $425,000

WATERFRONT TOWNHOME 1740 SF 3 bedrooms, roof top patio. $599,000

DALE SHORTT Bus: (250) 758-3700 U

HERITAGE APARTMENT BLOCK 13 self contained units. 1 commercial space plus lease pub & license. Gross revenue $10,000/month. $925,000 5 PLEX NANAIMO 5 meters, over $4,500 monthly revenue. Covered parking. Storage lockers. Separate meters. Asking $749,500

PACIFICA OCEAN FRONT CONDOS 38 Front Street Units for sale. Walk-on waterfront townhome $509,000 no HST. Call Dale for other available units.

1 BEDROOM PLUS DEN $234,900

JUST LISTED 21 UNIT TOWNHOMES REVENUE PROPERTY ON THE GOLF COURSE. 2 & 3 bedroom units, private patios. Monthly income: over $20,000, assumable mortgage. Ideal property to hold or stratify. Asking $2,875,000

OCEANVIEW 3-PLEX South Vancouver Island. Excellent Income. 3 separate titles. $369,000

TOLL FREE 1-800-665-8313

Ăˆ{äĂŠ/Ă€>Â˜ĂƒĂŠ >˜>`>ĂŠ ˆ}Â…Ăœ>Ăž]ĂŠ >`ĂžĂƒÂ“ÂˆĂŒÂ…]ĂŠ ° °ĂŠ6™ ĂŠÂŁ ÇÊUĂŠ “>ˆÂ?\ĂŠ`>Â?i ĂƒÂ…ÂœĂ€ĂŒĂŒJĂƒÂ…>Ăœ°V>

*OWFTUJOH advertise@westerninvestor.com

604-669-8500 1-800-661-6988

Ocean Pointe

Join thousands of real estate investors and professionals who read the Western Investor’s market overviews, news, and features to help them guide their investment dollars into profitable properties and businesses. Plus, you’ll find all kinds of opportunities for sale – all in one place – from across Western Canada. Pick up your copy at your local newsstand or subscribe and we’ll mail it right to your door. Check out our media kit on-line at westerninvestor.com for more information or call us at 604-669-8500. Advertising deadlines are mid-month for the next month’s issue.

A22 Vancouver Island

Full Property Management Services (Residential and Commercial) including Facility Management Services in Victoria and Prince Rupert, B.C.

Contact Dale Schuss

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

• Choice of two well-established Curves Franchises in Victoria, BC • Profitable, turn-key operations suitable for one owner/operator • Curves is the largest women’s only fitness program in North America • Shining Star Clubs, in high traffic areas with large territory Discover the basics at www.curves.com

Priced at $100,000/$90,000

(Seller finance will be considered) Call or write soon for more information

1-250-658-8060 dale.schuss@randallnorth.ca

www.randallnorth.ca

TWO PRIME LOCATIONS WITH HUGE POTENTIAL AS CAREHOME OR CONDO SITES

LANGFORD CONDO SITE APPROVED FOR UP TO 188 UNITS EXCELLENT LOCATION LOCATED NEXT TO COSTCO, FOUR POINTS SHERATON, HOME OUTFITTERS AND OTHER HIGH PROFILE RETAILERS 2.34 ACRES OF INCREDIBLE POTENTIAL $4,399,000

COMOX EXCELLENT SITE FOR CAREHOME OR CONDO DEVELOPMENT $3,000,000 CENTRALLY LOCATED AND ADJACENT TO MAJOR BRANDS SUCH AS: SHOPPERS DRUG MART, SUBWAY, A&W

Rob Millar Email: robmillar@sunbeltnetwork.com

P: 250.361.3003 Toll Free: 1.877.361.3003 SUNBELT BUSINESS BROKERS (VICTORIA) INC.

MULTI – USE DEVELOPMENT SITE One of the remaining development sites within the main service corridor of the Chase River neighbourhood – South Nanaimo. With approx. 4.3 acres of usable lands and excellent access directly off Hwy 19A via traffic light. This site has excellent potential for a wide use of mixed Commercial-Residential developments. 2.8M, CALL DARWIN

7.42 Acre Oceanfront Property - Port Renfrew

$2,500,000

Picturesque, untouched parcel at San Juan Point.

3.79 Acre Light Industrial Land - South Nanaimo

$1,395,000

Suitable for single or multiple users/uses and subdividable.

New Office and Commercial Building - Central Nanaimo

$1,359,000

1 space left in new building on Terminal Avenue, approx 4,610 sq ft.

VANCOUVER ISLAND ICI:

Lakefront Pub & Land - Lake Cowichan

LEASE SPACE INDUSTRIAL -1680 s.f. $11/s.f. base, + $2.77NNN (est) -industrial zoned…includes free 600s.f. mezz -fenced compound out back, 14’ loading door INDUSTRIAL OFFICE SPACE -543 s.f. @ $12/s.f. + NNN $4.43 (est) -ideal for contractor’s office -brand new, appliance hook-ups COMMERCIAL/RETAIL STREETFRONT SPACE -formerly Subway tenant -high traffic on busiest street in Comox -approx 1120 s.f. -$22/s.f. base; $12/s.f. NNN (est) 4 INDUSTRIAL STRATA UNITS FOR SALE -being sold as single package -currently leased at $4000 base rent/mo + NNN -cap rate 6.2%, Asking: $775,000 (for package of 4) MULTI-FAMILY BUILDING, VICTORIA -Sought after Cook Street Village area -8 unit building, 5.1% cap rate -plans avail. for 13 unit strata at 3rd reading Asking: $1,590,000

Commercial Property - Alberni Highway

ROB PHILLIPS TF: 1-800-715-3999 Cell: 250-897-8508 rob@robphillips.ca www.robphillips.ca

SUE MCKITRICK Cell : 250-650-8823 mckitrick.sue@gmail.com

www.coastrealty.com

BUSINESSOPPORTUNITYATTHE BEACH CLUB – PARKSVILLE B.C. “Perfectly Positioned Spa” in the Newest 4 Star Hotel Resort in Parksville B.C. A turnkey operation, elegantly designed treatment room, the latest equipment and spa line products, topped off with an unbelievable LEASE. Call BILL SOREG for Details. EXCELLENT RENTAL APARTMENT INVESTMENT Offered @ 8.5% Cap! 47 units, substantially renovated in 2009-2010, elevator, 4 stories, centrally located. Excellent management on site, good tenancy profile, few vacancies, one of the best rental Apartment Buildings in this City. Asking Price @ $1.9 M. Information brochure. CALL ROB

250.760.1066

$2,695,000

On Bowen Road with COR-3 (Community Corridor) Zoning.

COMOX VALLEY,

EXCELLENT REDEVELOPMENT PROPERTY W/ EXISITNG MOTEL Enjoy the existing holding income from the current motel complex while planning a new 6 storey commercial/ residential mixed use complex. Great location near Hospital Node where demand exceeds supply for strata medical offices. Excellent exposure to Highway 19A and great access from rear of property with easy design for underground parking. 1.5M CALL DARWIN

Darwin Mahlum Robert Borden

2.98 Acre Re-Development Site - Central Nanaimo

$ 945,000

DEVELOPMENT AND INVESTMENT OPPORTUNITIES

NEW!! BARSBY ON THE MILLSTONE A great development opportunity for a well designed 58 unit Condominium Project on 1.14 acres of land on the Millstone River. Located within the no DCC zone of the City of Nanaimo, this project offers an immediate connection to the E&N trail as well as the miles of seawall on the Harbour only 3 blocks away. Development Permit ready. ASKING 1.55 M, CALL DARWIN

$2,900,000

On Old Island Highway adjacent to Long Lake.

$ 795,000

NANAIMO | VANCOUVER ISLAND DEVELOPMENT OPPORTUNITY WITH OCEAN AND CITY VIEWS Upscale development in the University area for 10 residential lots and 26 luxury townhomes. This development project has all the necessary plans, reports and approvals in place. Development Permit for construction can commence within a short period of time. CALL DARWIN

2.05 Acre Prime Development Site - North Nanaimo

Commercial Development Property - Nanaimo

monarkinvestments.ca Financing Available. Potential Trades.

For Sale

Fully Tenanted Investment Property - Ladysmith

Please visit our website or call for more details.

604-592-7250

Business Is Better On Vancouver Island

AQUACULTURE SEA FARM FOR PURCHASE A turnkey facility waiting to be restarted into production. Excellent location in Barkley Sound, the Pacific Rim of the West Coast of Vancouver Island. This specific sea farm is noted as having one of the best locations for sea farming activity and has the potential of expanding within its existing license. Consulting can be arranged for new owners and staff to be trained over a 2 year period. All permits and licenses are in order. Watch for the increasing growth now starting to happen in the Aquaculture business on the BC Coast. WELL PRICED @ $850,000 Call ROB INDUSTRIAL BUILDING IN METRO VANCOUVER – REDUCED!! Located in close proximity to downtown Vancouver and Commercial Drive. Older industrial building on 5,808 sq. ft. of land. Building fully occupies site. Grade level loading door, separate entrance door. Two offices, one half bathroom, great for a storage facility. Priced @ $727,000. CALL ROB

Information brochure available.

Vancouver Island's Leader. DEVELOPMENT, LAND, RES/COMM PROJECTS, & MARKETING Toll Free: 1-800-817-7717

1.2 acres with CC-1 Zoning beside Nanaimo Parkway.

$ 674,000

Approximately $300,000 spent on improvements since February 2009.

$ 590,000

1.11 acres with exceptional highway frontage.

Residential Development Property - Nanaimo

$ 549,000

4.88 acres near the Nanaimo Parkway.

3.46 Acre Light Industrial Property - South Nanaimo

$ 549,000

Court Ordered Sale - Waterfront Restaurant, Land, Building

$ 470,000

In Maple Bay. Includes self-contained 1,604 sq ft suite.

Commercial Property Zoned COR-3 - Nanaimo

$ 325,000

2 lots on Kerrisdale Road totaling 19,600 sq ft.

Character Office Building - Nanaimo

$ 289,000

950 sq ft, high traffic area.

Hangar Building and Office - Campbell River Regional Airport

$ 289,000

Commercial Property Zoned COR-3 - Nanaimo

$ 260,000

9,800 sq ft lot with 1,037 sq ft office off Bowen Road.

Featured Listings Green Rock Industrial Park 9,710 to 59,376 sq ft $199,000 to $834,000

24 Light Industrial Lots in prime Nanaimo Location Excellent highway access and “Green” construction.

Seaview Centre - Parksville $ 99,000 to $299,000

7 strata titled office units ranging from 490 to 1,532 sq ft. Package of 4 available at a reduced price.

Unique Commercial Offering - Downtown Nanaimo

$ 1,375,000

5,500 sq ft warehouse/shop, 1,400 sq ft house and parking lot.

Saratoga Beach Golf Course - Black Creek

$ 1,595,000

37.47 acre redevelopment property with executive style golf course.

Seniors Care Facility - Ladysmith

$ 1,700,000

5 acres of oceanfront with plans in place for 24 additional units.

Heavy Industrial Property Located at Duke Point in Nanaimo this 5 acre site is paved and fenced and includes an approximately 18,000 sq ft building.

Offered for sale at $2,000,000 Investment Property - Brentwood Bay 7,417 sq ft fully leased commercial strata unit in professionally managed development.

SOLD

Offered for sale at $2,395,000 Investment Property Located in Coombs, this 18.81 acre site on the Alberni Hwy includes a mobile home park and commercial lease revenue. Well priced at an 8% cap rate. Offered for sale at $2,775,000

Business Opportunities SEWING MACHINE & FABRIC RETAILER—Nanaimo

$ 180,000

FRANCHISED FAMILY RESTAURANT—Ladysmith

$ 189,000

ESTABLISHED PLUMBING & HEATING BUSINESS—Nanaimo

$ 225,000

ESTABLISHED RESTAURANT—Tofino

$ 249,000

JUMPING JIMINY’S PLAYLAND & CAFÉ—Nanaimo Well known children’s entertainment business

$ 419,900

RESTAURANT ON ISLAND HIGHWAY—Parksville

$ 425,000

ESTABLISHED PLUMBING & HEATING BUSINESS—Nanaimo On 7,560 sq ft lot with 1,300 sq ft building

$ 550,000

A&W RESTAURANT & FAMILY ADVENTURE CENTRE Franchise restaurant in Central Nanaimo as a package with a well known family entertainment destination

$ 595,000

RETAIL BUSINESS & DEMOLITION CONTRACTOR —Central Vancouver Island New and used building materials

$ 775,000

SHEET METAL FABRICATION BUSINESS—Nanaimo Land, Buildings and up to $75,000 in inventory

$1,095,000

LIQUOR STORE IN LEASED PREMISES—Central Vancouver Island

$1,500,000

PUB & LIQUOR STORE—Coombs

$1,900,000

FRANCHISED MOVING & STORAGE CO.—Central Vancouver Island

$2,550,000

CEDAR SHAKE/SHINGLE MANUFACTURER - www.bcfshake.com Land, Buildings, Foreshore Leases and Equipment, Inventory extra

$3,900,000

Gerry Van Vaals Personal Real Estate Corporation DTZ Barnicke Nanaimo Ltd.

Tel: 1 800 769 5757

gerry.vanvaals@dtzbarnicke.com

www.dtznanaimo.com

A23

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

From: Frontline Real Estate Services , Surrey. Frontline agents Justin Mitchell and Josh Turner sold the following: Deal: 1.98 acres, zoned SR residential on 86th Avenue, Langley. Price: $1.6 million. From: Shindico Realty Inc., Winnipeg, reports the following sale: From: NAI Commercial, New Westminster. Deal: 9.75 acres of land, zoned commercial, NAI broker Jon Meder sold the following: Inkster Boulevard at Brookside Boulevard, Deal: 20,000-square-foot office and retail Winnipeg. Price: $2.29 million. building on 5,400-square-foot lot on Columbia Street, New Westminster. Sold to From: Avison Young Commercial Real JJS Development Ltd. for vendor 0704495 Estate, Vancouver. Avison Young agents BC Ltd. Price: $2.35 million. Rob Greer and Matt Thomas sold the following: From: NAI Commercial, Vancouver. NAI Deal: Law Block, seven-unit rental apartment brokers Terry Harding and Jackson Tang building, East 3rd Street, Vancouver. Price: sold the following: $1.63 million. Deal: 11-unit rental apartment building, Point Grey, Vancouver. Sold toHWP Acquisitions From: Avison Young Commercial Real Estate, Vancouver. Avison Young agentsRob Ltd. Price: $3.45 million. Greer and Mark Hannah sold the following: From: NAI Commercial, Langley. NAI bro- Deal: 45,321-square-foot office and retail

building (Chintz & Co. building), Homer Street, Vancouver. Price: $18.5 million. From: HQ Realty Ltd., Vancouver. HQ brokers David and Mark Goodman sold the following: Deal: 40-unit rental apartment building, Rockland Avenue, Victoria. Price: $5.15 million.

Photo: Avison Young

%

ker Chris Laughaug sold the following (all on West 4th Avenue, Vancouver) toRedekop (4th Ave) Homes Ltd.for three separate vendors: Deals: Nine-unit rental apartment building. Price: $3 million. Eight-unit rental apartment building. Price: $2.48 million. Mixed-use building (two commercial units, four residential apartment rentals). Price: $2.48 million.

Recently completed a major commercial real estate deal? Send details for a free report 45,321-square-foot office/retail building, here to: wieditor@biv.com. Yaletown, sold for $18.5 million.

Photo: HQ Realty Ltd.

one Deals is our monthly feature highlighting some of the major real estate transactions completed recently in Western Canada’s vibrant commercial real estate market.

Our readers report on recent commercial real estate deals across Western Canada

Photo: Avison Young

%0/& %&"-4

Seven-unit East Vancouver apartment rent- Forty-unit Victoria apartment building al building sold for $1.63 million. sold for $5.15 million.

7BODPVWFS *TMBOE

VANCOUVER ISLAND COMMERCIAL www.nanaimoremaxcommercial.com

1-877-335-4380

Jay Cousins Realty

FOR SALE

Jay Cousins jay@jaycousins.com

INVESTMENT OPPORTUNITIES

UÊ 1 / 9Ê 6 "* /Ê - / - approved for 16 UÊ "7 /"7 Ê "Ê" Ê 1 Ê3 Storey Office units. No DCC’s, close to downtown Nanaimo with some ocean building 4,865 Sq. Ft. Main floor tenanted with upper 2 floors views. Development permit in place, vendor financing available ready for new renovations. 9 Parking stalls included.Ê Êf{Ó ]äää or joint venture possibilities.ÊÊ fÎÓä]äää UÊ nÊ1 /Ê 1 / , - / Ê*,"* ,/9ÊOld City Nanaimo UÊÊ ," /" ]Ê, - / Ê 6 "* /Ê- / - A 5.68 100 Yr Old well maintained character building, new decks, new acre development site with an excellent ocean view and a short appliances, bonus lot at rear shows potential for additional 4 plex walk to the waterfront. The site is gently sloping towards the development f{Ç ] ää ocean with a variety of benches for easy development. Vendor UÊ £°{Ê , Ê*,"* ,/9Ê<" Ê 69Ê 1-/, Fully financing may be available with a reasonable down payment. fenced, 2 entrances, over 300’ of frontage in Duke Point, Nanaimo. fÈ{ ]äää Includes 10’ X 30’ office mobile. Seller will entertain lease @ UÊÊÊ /, Ê " – Almost 2 acres of land fronting on $2,800 per month plus taxes. f{ n]äää the Millstone River, and next to the Pryde Vista golf course. UÊ 7 Ê "7 Ê *",/Ê , Ê , Ê 1 Ê Located next to a new high quality subdivision on a no thru qÊ Currently used as offices & union hall, approx. 6,990 sq. ft. street. Zoning allows for a single family unit with a suite. New over 3 floors. P1 zoning allows public assembly, but could be on the market with full city services at fÓää]äää commercially rezoned. f x]äää UÊ 1 / 9Ê , / Ê 1 /-ÊqÊ Central Nanaimo. UÊ /Ê 1-/, Ê <" Ê " * 8Ê qÊ - Ê Great revenue opportunity potential to generate $164,000 annuBeautifully constructed half duplexes and freestanding single ally. Island Highway exposure, easy access, 6 buildings in total, all family homes. 3 bed, 3 ½ bath, ranging from 1760 sq. ft. to 1890 on 2.88 acres. Rental rates with vacancies filled will show nearly sq.ft. Included: tile and hardwood flooring, custom alder cabi8% CAP rate.Ê Ê f£]n x]äää netry, granite countertops, 6 appliances. All bedrooms have a private ensuite with shower and/or tub. fÎÓ ] ää fÎ{ ] ää U 1 / / / Ê 69Ê 1-/, Ê*,"* ,/9Ê – Parksville area. 6.2 Acres partially developed with new wareUÊ 6 /Ê, xÊ- / Êq Approximately 0.8 acres overlooking the houses, new 4 unit multi-res work/live space, new office building Millstone River with easy access to downtown Nanaimo. Great plus existing build to suit tenant in place on 1 acre portion w/ central location for a multifamily development, located within paved & security fenced area. Further 2.5 acres left to continue walking distance to Downtown Nanaimo, the New Convention development plan. Potential income under current configuration Centre, and seaplane service to Vancouver. fÈnä]äää in excess of $164,000 annually. REDUCEDÊf£] xä]äää

FRANK JOHNSON

JAY COUSINS

of Nanaimo

Frank Johnson frank@remaxofnanaimo.com

INVESTMENT OPPORTUNITIES UÊ 7 Ê , " < Ê , - Ê 6 - /9Ê " / " Ê- ÌÌÞ½ÃÊ Ê- ÕÌ Ê > > Ê>ÌÊ- ÕÌ }>ÌiÊÜ Ì Ê£ÎxÊ« ÕÃÊ Ãi>ÌÃ]Êx]äääÊ-µ°Ê Ì°]ÊxÊÞi>ÀÊ i>ÃiÊ Ê« >ViÊÜ Ì Ê «Ì ÊÌ ÊÀi iÜ°Ê"ÛiÀÊÇÊÞi>ÀÃÊ ÊÌ ÃÊ V>Ì ÊEÊ ÃÊiÝÌÀi i ÞÊ«À v Ì>L i°Ê fÓ ] ää v Ê* ÀÌv Ê>Û> >L i UÊ " , Ê 1 Ê EÊ Ê Ê 1 Ê Property has theatre building with 2 levels plus fully equipped kitchen & hall downstairs. Zoned C1 General Commercial provides uses for churches, fitness studio, schools, office use, retail & wholesale useÊ f{{ ]äää UÊ { * 8Ê 1 / , - / Ê *,"* ,/9 – Parksville Attractive location, quality tenants on yearly leases, ocean view from upper suites, C-3 zoning can potentially allow higher commercial or mixed uses in future. fx ]äää UÊ 1- --Ê7 / Ê 1 ÊEÊ Ê – MID-ISLAND – Includes fuel sales & automotive repairs on European Import Vehicles including Mercedes & BMW. High visibility location, fresh reno’s to the building, ocean views. fÇ ]äää U "1,/Ê", , Ê- ÊqÊ - ÊqÊx° ÎÊ , -Ê Industrial zoned land with newer 14,580 sq ft. warehouse, 4,410 sq ft. shed for storage and office building. Two level topography, fenced, easy access to highway. Was lumber facility. f£]ÇÈn]äääÊ UÊ , 6 "* /Ê "**",/1 /9Ê Existing Alzheimers/ dementia care facility w/90 beds plus separate residential home available for conversion to congregate care or rezone to multi-residential etc. 44,255 Sq. Ft. building on 1.87 acres near Nanaimo hospital. Society owner will remain with one year lease at current market rents during planning/feasibility phase of redevelopment. f{]xää]äää

JAY COUSINS

www.nanaimoremaxcommercial.com

1-877-423-0984

INVESTMENT OPPORTUNITIES UÊ À Õ `Ê iÛi Ê-ÌÀ>Ì>Ê1 ÌÊ Ê > > Ê" `Ê ÌÞÊ+Õ>ÀÌiÀÊ – 1,040 Sq. Ft. Available for Sale or for Lease, A/C, Wheelchair access, zoning allows for retail, office, restaurant etc. Strata fee is $234.51 per month………$198,000 UÊ -/, / Ê1 /Ê Ê 1-/, Ê* , ÊqÊ " Approx. 1,300 Sq. Ft. Light Industrial, 2 overhead doors, 2 man doors, office, 18’ ceilings, Strata Fee is $56.50 per month. fÓx ]äää UÊ

1 "1 Ê 1-/, Ê* , ÊqÊ-/, / Ê1 /ÊApprox. 1,400 Sq. Ft., 2 offices plus mezzanine, 1 overhead door, 2 man doors, 18’ Ceiling height, Strata Fee $62.00/mo. fÓÈ ]äää

UÊ /7"Ê 6 Ê -/, / Ê 1 /Ê qÊ * , -6 Ê Service Commercial zoning. Main level warehouse with 6 offices, staff kitchen & washroom upstairs. Full A/C on 2nd level as well. Owner is willing to lease back. fÎÓx]äää UÊ , Ê7 / Ê 1 Ê " Ê High visibility Mid-Island location, concrete engineered docks, steel pilings, security gate with ramps, direct metered 50 amp hydro capacity. Quality look and feel, no vacancies, excellent cash flow f£]Ç x]äää UÊÎÊ* , Ê 6 "* /Ê*"/ / Ê" Ê* , -6 É , Ê 7 9Ê Approx.Ê79 Acres, corner location. Mining permit in place for pit run, crushing, screening & washing gravel. Owner has been careful to maintain character of the land. Currently zoned rural residential, but highest & best use would indicate development rezone. fx] ää]äää

BUSINESSES U Eclectic Retail Store – Qualicum BeachÊy UÊRicky’s All Day Grill – Courtenay

JAY COUSINS

m[ij[hd_dl[ijeh$Yec d[mi$WhY^_l[i$h[fehji$kfZWj[i 9edjWYj ki \eh ceh[ _d\ehcWj_ed0 ,&*#,,/#.+&& eh WZl[hj_i[6m[ij[hd_dl[ijeh$Yec

fÓÓ ]äää fÓ ]äää

A24

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

COMMERCIAL

RE/MAX TREELAND REALTY

RE/MAX LITTLE OAK REALTY

RE/MAX BOB PLOWRIGHT REALTY

#101 6337 - 198 Street, Langley, B.C. V2Y 2E3 Tel: (604) 533-3491 Fax: (604) 533-0202 Toll Free at 1-888-707-3577

2630 Bourquin Crescent West, Suite 9, Abbotsford, B.C. V2S 5N7 Tel: (604) 859-2341 Fax: (604) 850-2325 Toll Free at 1-800-668-8661

7300 Vedder Road, Suite 1, Chilliwack, B.C. V2R 4G6 Tel: (604) 858-7179 Fax: (604) 858-7197 Toll Free at 1-800-830-7175

DEFINITION OF LUCKY.

AT MONEY WORRIES --- IF YOU FOLLOW THIS SIMPLE PLAN

102-2748 Lougheed Hwy., Port Coquitlam, B.C. Tel: (604) 942-0606 Fax: (604) 942-9533

DEVELOPMENT SITES

FOR SALE OR LEASE IN CHILLIWACK

North Side Condo Site with holding income! For 26+ units – OCP designated RA-1 16059 sq. ft. site with 2 fully rented fourplexes $1,600,000 CLS# V4027326 Call or email David for Pro-Forma

PROGRESS WAY INDUSTRIAL PARK BUY OR LEASE B

PORT COQUITLAM

Those that bought when the market is down, and the media is negative. Savvy investors are taking advantage of low prices and low interest. YOU CAN LAUGH

RE/MAX SABRE REALTY GROUP

UIL D SU TO IT

COQUITLAM

2 lots – C1 & RS1 for new development 19000 sq. ft. lots busy location – Como Lake & Poirier $1,350,000 CLS# V4025947 - Call or email David!

1 to 20 Acre Development Lots

PORT COQUITLAM

Fort St John, Investment opportunity. Well kept up light Industrial building in Prospect Park close to Highway. Phase 1 and 2 available. 5 bays, offices on main and above with lunch room. Fenced yard with storage sheds. $1.1 Million ( 8.4% cap) UÊ->ÞÊ} `LÞiÊÌ ÊÞ ÕÀÊL ÃÃ]Ê> `ÊV iÊ Ü Ê this turnkey biz in Abbotsford. Auto Body biz for sale. $159,000.

Prime Lougheed Highway Frontage! HC zoned 20700 sq. ft. level lot with 2 rental buildings. Property offering includes automotive business $2,299,000 – CLS# V4027170 – Call or email David!

INDUSTRIAL WAREHOUSES/OFFICES

COQUITLAM #100 42 Fawcett Rd.

M-1 Industrial unit 5080 sq. ft. 1580 warehouse with 2 grade doors, 3500 sq. ft. finished office/showroom $775,000 CLS#V4027558 Call or email David!

xArchitecturally

Controlled Serviced Lots xWill Build to Suit xIndependent or Strata Warehouse for sale or Lease from 2,000 to 500,000 sq. ft. xFully

UÊ{äääÊõÊvÌÊ } ÌÊ `ÕÃÌÀ > Ê iÜiÀÊ­ÊÓääÇ®ÊÊ building in Dawson Creek, BC.

manufacturing, general commercial and light & heavy industrial uses. Outside storage

FORMER DAIRY OPERATION - 2 TITLES x7.5 Acres of farm land xOutstanding views xRoom for horses or?? xApprox. 15 min to HWY #1

x14.35 Acres of Farm land xIncludes 6 Bdrm Home +

70 x 80 Barn

DAVID KEARNEYCCIM

rayy@remax.net www.rayyenkana.com (listing details) RE/MAX LITTLE OAK REALTY

Lickman Rd. Interchange and Hwy 1 Chilliwack -20 min to US Border Usage: Warehousing, food processing,

FOR SALE IN CHILLIWACK

UÊÎÓÊ1 ÌÊÌ Ü iÊV « iÝÊ Ê >ÜÃ Ê Àii Ê BC. ( 50 km from Fort St John and Tumbler ridge.)

RAY YENKANA CCIM, ABR 1-800-668-8661

xLocation:

xParadise, close to everything

www.davidkearney.com dkearney@remax.net

604-942-0606

SALE $895,000

SALE $469,000

BUSINESS FOR SALE

INVESTMENT PROPERTY

Toll Free:

1-888-942-0606

RE/MAX S ABRE REALTY

&/2 3!,% s &/2 3!,% s &/2 3!,% s &/2 3!,% s &/2 3!,% s &/ 2 3!,%

Auto Salvage LANGLEY BC ~Currently Auto Salvage ~3.2 Acres ~M-7 (industrial) Zoning ~Phase 1&2 environmental Studies Available QUONSET HUT 56’ x 80’ w/ 36’ x 60’ MEZZANINE for parts storage MAIN BUILDING

STORAGE for 500+ Vehicles at back

40’ x 90’ Parts Counter, Lunchroom, Disassembly Bay Residence also on the Property

SALE $79,900

SALE $598,800

FORECLOSURE PROPERTY

DEVELOPMENT SITE

xGood street exposure xPlenty of City Parking xRenovated in 2007 x11,293 sq. ft. lot

SHARE SALE INCLUDES

For more information contact:

GARTH OLSON Re/Max Treeland Realty 604-533-3491 realestate@garth-olson.com s www.garth-olson.com

SUMMERLAND 57 ACRES 4,800 sq. ft. superior craftsmanship home.

$1,600,000 604-533-3491

$4500/month gross size 48,326 sq. ft.

xLand

SALE $1,144,000

COMMERCIAL/OFFICE SPACE

LIVE/WORK OPPORTUNITY

xIncludes: 2 kitchens, 2 wash-

xLevel land in high traffic area xEasy access with turning lane x.31 acres xValue in land, house is livable

rooms, 2 reception areas, 15 offices, hangar with 2 x 2.5 ton hoists etc. Lease separately.

SALE $850,000 or LEASE FROM $6/s. f.

SALE $339,900

LIVE/WORK OPPORTUNITY

BUSINESS & PROPERTY

xMixed use 3,250 sq. ft. building x4 Bays with in floor radiant and

xLiquor Store & Pub, on main

separate gas and electric meters

xPrice includes: business, land,

road to Harrison Hot Springs equipment and buildings

SALE $650,000

SALE $689,900

FOR LEASE IN CHILLIWACK

$8/sq ft

LAND, BUILDING, INVEN TORY CLIENT BASE AND BUSIN , ESS

xComprised of 2 separate titles xFully Leased - current income

SALE $875,000

Lease From

$6,500,000

KEITH SETTER

x.29 Acre lot zoned CSI xCommercial on bottom floor xResidential on top floor xFully leased ± 4,040 s.f. building

xSandwich Tree Franchise xEasily run by couple or family xThis business makes money xIn busy Cottonwood Mall

BRAND NEW RETAIL SPACE xHigh Visibility, located on busy main road xFrom 746 sq. ft. to 4,654 sq. ft. xGreat opportunity for business owners to get into brand new building Lease from $10$12/sq ft

Lease From

$8/sq ft

INDUSTRIAL/OFFICE SPACE xDesigned for a wide range of uses: warehouse, retail, office + xFrom 1,035 to 7,666 sq. ft. will configure to meet your needs xAmple parking, high visibility x5 min drive off HWY 1 Lease $12-$13 sq ft

Lease $9/sq ft

xNear Courthouse xOffice and/or retail space xSpace available 1091 to 1665 sq ft x4,450 sq. ft. air conditioned xOn site parking and good access x9 private offices, reception etc.

xOne block to Hospital x800 to 1,524 sq. ft. xChilliwack’s Best Prof. Building

Bob Plowright RE/MAX Bob Plowright Realty CHILLIWACK, BC 1-800-830-7175 - 604-858-7179 bob@bobplowright.com www.bobplowright.com

OFFICE FOR SALE

Langley, BC #104-6351 197th Street. A rare opportunity to own a 1446 sq.ft. office in a Prime Langley location, the ‘Willowbrook Professional Centerî. The office has two entrances and parking at both front and rear of building. Office should lease out between $17-$20 / sq ft. Immediate Possession.

RE/MAX TREELAND

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.