Western Investor October 2011 Section B

Page 1

www.naicalgary.com

Jim Courtney Tel: (403) 291-8873 jcourtney@naicalgary.com

FOR SALE - 2 Acre Multi Residential Site - Calgary Region - $1.7M

CONDITIONALLY SOLD 4110 - 79 Street NW Calgary, Alberta

LAND FOR SALE • Located in an established commercial area, 6 km west of Calgary • Ideal for owner/user • 2.53 acres of development land; last parcel in Cell Subdivision B • Excellent access to trans Canada Highway Shane Olin Tel: (403) 708-9086 solin@naicalgary.com

•10,250 sf Office building

Shane Olin Tel: (403) 708-9086 solin@naicalgary.com

Gene Sarmaga Tel: (403) 826-5636 gsarmaga@naicalgary.com CONDITIONALLY SOLD Bower Plaza Red Deer, Alberta • 50,000 sf Prime Retail Shopping Centre

LIVE AND WORK IN YOUR OWN BUSINESS FOR THE PRICE OF A DECENT CALGARY HOUSE! $550,000 - $750,000 can get you into the motel business. Small Town Southern Alberta. Live and work on premises with a great income. These are very nice properties! Contact: Jim Balfour Tel: (403) 291-8860 jbalfour@naicalgary.com

Shane Olin Tel: (403) 708-9086 solin@naicalgary.com

PRIME RETAIL SPACE FOR LEASE

OWN YOUR OWN MOTEL Excellent Opportunity to Manage your way to Ownership. This is a serious opportunity located in the Kootenays, BC. Newer motel of 48 rooms with potential for expansion. Popular brand (flag), Pool and pool amenities. **Price is under $5 million and... **OWNER WILL FINANCE**

BOWER PLAZA RED DEER, ALBERTA

WESTMOUNT OKOTOKS, ALBERTA

Contact: Tim Anderson Tel: (403) 291-8866 tanderson@naicalgary.com timjn_anderson@yahoo.ca

$4.29 OCTOBER 2011 Vol. 26/Issue 10

7 KAMLOOPS: BACK TO ROOTS

Hard hats trump golf gear as city retools

▲

FOR SALE 154 Bowness Centre NW Calgary, Alberta • 16,200 sf retail building • $1,800,000 ($111 psf) • +/- 1 acre of land

Shane Olin Tel: (403) 708-9086 solin@naicalgary.com

INTERIOR B.C. • ALBERTA • SASKATCHEWAN • MANITOBA SECTION

Process engineer Florian Simon at Moly-Cop, Kamloops. Veteran mining supplier plans expansion

17 TOP COTTAGE BUY ON ISLAND?

Oceanfront developer raises ante but $249K may still be lowest price

31 $50,000 FREE FOR LANDLORDS

Phoo: Judy Gr

CANMORE DEVELOPMENT • 20 Unit townhouse project • 50% complete, at "Lock Up" stage • Asking $6,200,000

BOOK & GIFT STORE FOR SALE • N.O.I. $260,00 / year • Long Term Lease • Idal for Owner / Operator • High traffic location in a major city in Alberta PRIME BAY SPACE FOR LEASE 4303 - 9th Street SE, Calgary, AB • 2,500 - 9,300 +/- sf • Available: Immediately

Moose Jaw offers juicy incentives as city rental vacancies flirt with zero 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

4337 MACLEOD TRAIL S CALGARY, ALBERTA

800 - 10,000 sq. ft.

PUBLICATIONS MAIL AGREEMENT 40069240 RETURN UNDELIVERABLE CANADIAN ADDRESSES TO CIRCULATION DEPARTMENT: 102 EAST 4TH AVENUE, VANCOUVER, B.C. V5T 1G2

Shane Olin Tel: (403) 708-9086 solin@naicalgary.com

Calgary Office

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#1, 6204 - 6A Street SE, Calgary, AB T2H 2B7 • Phone: (403) 214-2344 FAX: (403) 214-0244 BUILT ON THE POWER OF OUR NETWORK. OVER 355 OFFICES WORLDWIDE.

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B2 Interior British Columbia Colliers International Centre Group Commercial Realty Kelowna, B.C. 250.763.2300

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

Colliers International Centre Group Real Estate Services Kamloops, B.C. 250.372.7000

www.colliers.com/kelowna

THEATRE PORTFOLIO (PENTICTON / KELOWNA) s ANNUAL YIELD AS OF /CT s MATURE THEATRES IN DOWNTOWN SETTINGS List Price $ 3.6M for both assets

264 LOUGHEED ROAD, KELOWNA

OFFICE BUILDING, PENTICTON s #!0 RATE ON ./) OF s 'OVERNMENT TENANTED s SQUARE FEET RENTABLE AREA List Price: $1,930,000

s 3IZES RANGE FROM ACRE UP TO ACRES

#ALL BROKER FOR PRICING MIKE GEDDES

s 5NIQUE OPPORTUNITY UNIT MOTEL AND LIVING QUARTERS PLUS A PAD MOBILE HOME PARK s /N (IGHWAY IN DOWNTOWN /SOYOOS BLOCKS TO /SOYOOS ,AKE s &RONTS ONTO (IGHWAY BACKS ONTO A POND ,IST 0RICE $2,800,000 ERIC WEBER ( Personal Real Estate Corp )

996 LAVAL CRESCENT, KAMLOOPS

131 ELLIS STREET, PENTICTON

MULTI TENANT INDUSTRIAL PENTICTON s YIELD ON ./) OF s LEASED INDUSTRIAL PROPERTY s SQUARE FEET ESTIMATED ',! List Price: $3,045,000

MULTI TENANT INDUSTRIAL PENTICTON s )NCOME PRODUCING LIGHT INDUSTRIAL PROPERTY s -ULTI TENANTED DIVERSIFIED CASHFLOW s SQ FT EST ',! VACANCY List Price: $725,000

JEFF HUDSON* & MARSHALL MCANERNEY* PERSONAL REAL ESTATE CORP. www.bcip.ca

AVALON MOTEL, OSOYOOS

s FULLY SERVICED LOTS AVAILABLE IN NEW INDUSTRIAL PARK

s YIELD ON ./) OF s 3INGLE TENANT NEW YEAR LEASE s )NDUSTRIAL 3TRATA s SQ FT MAIN SQ FT MEZZ List Price: $1,080,556

INVESTMENT PROPERTY, MERRITT s #!0 RATE ON NET INCOME OF INCLUDES MGMT FEES s &ULLY LEASED RETAIL STRIP CENTRE WITH DRIVE THRU s .ATIONAL TENANT MIX 3TARBUCKS 3UBWAY ,IQUOR 3TORE LONG TERM LEASES List Price: $3,280,000

PRINCETON INDUSTRIAL ESTATES

s /VER SQ FT OF REFRIGERATED WARE HOUSE LONG TERM TENANTS List Price: $1,895,000

MERRITT DEVELOPMENT s #ORNER ACRE IN 2AIL 9ARD -ALL ACRES NEXT DOOR s 0ACKAGE PURCHASE OPPORTUNITY FOR LESS THAN LARRY GOOD (Kamloops)

s SQUARE FOOT 3ANTE &E STYLE BUILDING ON A PRIME CORNER LOCATION IN DOWNTOWN 0ENTICTON 0OTENTIAL TO PURCHASE EXISTING AUTO BUSINESS List Price: $769,000 MEGHAN O'MARA DiplT of Real Estate

MOTEL, HOTEL & BUSINESS CONSULTANTS s MEMBER of the Canadian I.C. & I Council

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201-1449 St . Paul St., Kelowna, B.C. V1Y 2E5 Syd Berisoff Larry Berisoff Wes McInnes

Syd Berisoff Agent/Broker

201-1449 St . Paul St., Kelowna, B.C. V1Y 2E5

O f fice: Fax:

250-862-8100 250-984-0803

Larry Berisoff SalesÊAssociate

AssociateÊBroker

Associate Broker Agent/Broker email@syberrealty.com wes@syberrealty.com syd@syberrealty.com

email@syberrealty.com To view photos on these and other opportunities visit our website www.syberrealty.com To view photos on these and other opportunities visit our website www.syberrealty.com syd@syberrealty.com

REVELSTOKE RESORT s /VER ACRES WITH SPECTACULAR VIEWS s ! HIGH VOLUME lRST CLASS RESORT OPERATION s 3TUNNINGLY BEAUTIFUL LOG BUILDINGS s )NDOOR POOL SAUNA HOT TUB s ROOMS CABINS C W lREPLACES RESTAURANT LOUNGE s $3,495,000

FERNIE, B.C. s 4OWN CENTRE TWO SEASONS GREAT PRODUCER s UNITS BDRM BATH LIVING AREA s 26 SITES (WY EXPOSURE s ! lNE WELL RUN OPERATION s $1,200,000

BOWRON LAKES

HIGHWAY 16

s 3PECTACULAR 7ATERFRONT 2ESORT s 4HE (ISTORIC "ECKER S ,ODGE ON OVER !C s 4HIS TRULY MUST BE SEEN TO BE APPRECIATED s 3TORE MAIN LODGE VARIOUS UNITS FROM CAMPING CABINS TO PALATIAL /THER lRST CLASS OUTBUILDINGS s $2,200,000

s ! BUSY UNIT MOTEL ON THIS BUSY NORTHERN HIGHWAY s SEAT RESTAURANT READY FOR LEASE s FULLY SERVICED 2 6 SITES s /WNER OF OVER YEARS WANTS IT SOLD s $1,500,000

SUN PEAKS s 4HE GREAT TWO SEASON CASH COW s 3KI IN OUT LOCATION VIEW GOLF AND TRAILS

LOON LAKE s /WNERS ARE RETIRING AFTER YEARS s 4HE h7HITE -OOSE 2ESORTv IS ON OVER ACRES OF DEVELOPABLE LAND s !BOUT FEET OF GOOD WATERFRONTAGE s CABINS 2 6 SITES RESIDENCE MOBILE BOATS MOTORS s )S THIS YOUR @DIAMOND IN THE ROUGH s $1,995,000

RADIUM HOT SPRINGS s ! UNIT NON OPERATING MOTEL s "EING SOLD @AS IS GREAT HANDYMAN OPPORTUNITY s X mAT LOT ZONED # s 4OWN WATER SEWER TOWN CENTRE LOCATION s $379,000

s LARGE BEDROOM RENTAL SUITES GENERATE AN EXCELLENT CASH mOW s 4OTALLY FURNISHED &IRST CLASS !LWAYS POPULAR s $895,000

NEW HAZELTON, B.C. s UNIT MOTEL TOWN CENTRE ON (WY s 4HIS IS A TOTALLY UPGRADED REDElNED OPERATION s 'ROSS EXCEEDS MOST UNIT MOTELS s BDRM FAMILY SUITABLE LIVING AREA s $ON T MISS THIS OPPORTUNITY AT THIS PRICE s $395,000

COMMERCIAL LAND s 0ENTICTON n /VER ACRES NEAR NEW ARENA CONVENTION CENTRE UNIT MOTEL READY FOR REDEVELOPMENT $4,950,000 s -ERRITT n /VER PRIME # LAND NEAR 7ALMART "OSTON 0IZZA %XCELLENT ACCESS EXPORSURE 2OADS PAVED POWER SEWER WATER AT LOT LINE $2,990,000 s 3ICAMOUS n &ANTASTIC 4RANS #ANADA (WY LOCATION ACRES AT THE JUNCTION OF ! 3EWER WATER A steal at $399,000!

HOT SPRINGS WATER! s *UST OVER ACRES NEAR (ALCYON (OT 3PRINGS 2ESORT s :ONED # # WITH SUB DIVISION POTENTIAL s (IGH QUALITY CAMPING CABINS s 3OME PREPARED POTENTIAL BUILDING SITES s !LL YEAR CREEK GALLONS DAY (/4 WATER s !BOUT FEET OF SPECTACULAR DRAMATIC WATERFRONTAGE ON !RROW ,AKES s $1,495,000

EAST KOOTENAYS

MINING CLAIMS

s (IGH VOLUME GAS BAR ON (WY s ACRES mAT GOOD ACCESS EXPOSURE s #ONVENIENCE STORE BOWLING LANES SIMULATED GOLF LOUNGE AND A FULL SERVICE GAS BAR s ! BUSY PROlTABLE BUSINESS

s !BOUT CELLS ACRES s ,OCATED IN THE 3LOCAN MINING CAMP s 2OAD ACCESS ABUNDANT WATER ) 0 STUDY DONE s 0ROVEN OUTCROPS GOLD VALUES TO OZ TONNE s $300,000

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On the cover Process engineer Florian Simon of Moly-Cop checks red-hot grinder balls destined for local mining sites. Photo: Keith Anderson/Kamloops Daily News

Back to mining roots as golf development takes a hit

14 4JUF $ " EBNOJOH JOWFTUJHBUJPO

Oceanfront cabins below $250K on wild west coast

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

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Taxpayers misled on need, costs and payback

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$50,000 for landlords, $10,000 for homebuyers Download a PDF of all our Regional Roundups online at www.westerninvestor.com

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#/--%2#)!, 02/0%24)%3 ). +%,/7.! !2%! s #100-1553 Harvey Ave., Kelowna, BC V1Y 6G1 LAKE COUNTRY COMMERCIAL & RESIDENTIAL MIXED DEVELOPMENT LAND Hotel, Commercial, and Residential Lands FASHIONABLE DOWNTOWN CORE A +/- 0.92 Acres for $1,000,000 + HST

DOWNTOWN KELOWNA Commercial Strata’s Available These properties are located one block away from city hall and two from the law courts. Prominent uses in the direct area are professionals such as lawyers and accountants. The units are in a shell state and can be built to suit to YOUR needs. Welcome to your new downtown ofďŹ ce space! Available For Sale: $251,550 - $668,264 MLSÂŽ

B +/- 2.93 Acres for $4,399,000 + HST Pending C +/- 2.66 Acres for $2,999,000 + HST (Plus DLC – Latecomer Charges)

SERVICED & READY TO BUILD ALL 6.5 ACRES FOR $6,999,999 + HST

HIGH END RETAIL CLOTHING OUTLET available in a location that cannot be beat. They have the distribution rights to the majority of the brands they carry. Has been in operation since 2007. Fantastic/brand website at www.passeportclothing.ca. Database of over 3,000 clients. Client demographics range anywhere from 16 - 80 years of age. Current owners are willing to train the potential buyer. Asking: $249,900 MLSÂŽ

A VERY RARE OFFERING in the Cedar Avenue Land Use Area. OCP delineates Commercial C-4 or C9 zoning. This revenue producing two storey “Inn� under a B & B License incorporates 2 separate kitchens, 8 bedrooms, 5 bathrooms with 3 full living areas in the +/3, 887 S.F. of Living area. 21’ above ground pool & 8 man hot tub accentuate the lakefront lifestyle across from a future park/beach/lake access in a convenient walk to everything in the South Pandosy corridor. REALTORŽ. Asking: $1,650,000 + HST MLSŽ

SUPPORT YOUR BUSINESS that requires an open retail bay, boardroom, ofďŹ ces and bonus mezzanine. Footprint 3,324 sq. ft. and 1,415 sq. ft. mezzanine. Prominent location on busy Leckie Rd. Asking: $4,000 to $4,155 per month + Cam, Taxes + HST MLSÂŽ

GREAT LOCATION IN THE PANDOSY CORRIDOR - TO BE BUILT ! Priced individually - New Strata Commercial/Residential Mix building. Commercial bays on 1st & 2nd oors. Unit 1 (main oor) - priced at $557,420 for 1,378 sq.ft. Unit 2 (2nd oor) $1,216,490 for 3,307 sq ft. 3rd oor Penthouse - residential priced at $834,640 1,834 sq ft & $711,450 1,581 sq ft each. Design changes may alter oor plate. All measurements to be veriďŹ ed by survey. The building can be purchased for $3,300,000 net usable 8,100 sq. ft. Call Ken or Kris for details.

FOR SALE - CONCRETE TILT-UP INDUSTRIAL STRATA BUILDING Finished total of approximately 2,353 square feet with 1,891 square feet on the main oor, plus 462 square feet mezzanine level containing three ofďŹ ces. Main oor also includes ďŹ nished ofďŹ ce, boardroom, front and rear OH doors. The current I2 zoning allows multiple uses. Available for Sale or Lease offering 4 parking stalls. Asking: $2,062.00 per month + Utilities + HST, or For Sale: $399,900 + HST MLSÂŽ

MBM MARINA IN SICAMOUS, BC. Potential 100 room hotel. Prominently located at the North end of the channel between Mara & Shuswap Lakes (Sicamous Narrows. Recently consolidated to include 2.04 acres with 320 linear ft of waterfront. Deep moorage on the north owing channel. Also included is a .24 acre parcel NE of the waterfront oriented section, across Young Cresc. to be utilized in conjunction with marina operations. Previously Offered at $11,500,000 – Now $6,500,000 MLSŽ

B4 Interior British Columbia Prime Waterfront South Okanagan

7

ACRES

Development Opportunity CHRISTINA

LAKE,B.C. 32 Acres with 1/2 Acre Zoning

LAKEFRONT

Full municipal services Adjacent to a golf course with 450 condo units and a hotel currently under development $280,000 annual income Hold for investment or develop to your plans on your schedule $ 4,350,000 E-Mail: lkirsch@shaw.ca

43+ Lot Subdivision Potential BC’s Popular Flexible & Motivated Sellers Southern Price Reduced! $1,250,000 Okanagan $999,000

Matthew Oldroyd & Nicholas Bardon Macdonald Realty Ltd. www.grandforksbcproperty.com info@grandforksbcproperty.com

1-800-388-5882

KELOWNA & OKANAGAN ACREAGES 287 ACRES - Vernon, BC near Predator Ridge Golf Resort. Panoramic lake & valley views! Very private with rolling hills & fl at benches. Seller will consider trades or carry fi nancing. Perfect spot to build estate home. ...........................Asking $4,900,000 MLS® 10019393 160 ACRES - Located between Vernon & Kelowna. Panoramic lake views! Property has Oyama Shale Rock Quarry for pink granite rock. Seller will consider trades & or carry financing. ...$1,450,000 MLS® 10024181 15.8 ACRES - Lake Country spectacular lake view property in quiet country setting. Perfect spot to build your dream home! Just a short walk to Okanagan Lake beach and waterfront park, tennis court. .......................Asking $699,000 MLS® 10027808 49.31 ACRES - Twith Panoramic Valley, City & Lake views! Gentle slope with SW exposure & would be ideal for an Estate Winery. Currently planted to apple & cherry crops. Home is 5 bedrooms, 3.5 baths & approx. 3,500 sqft. ........Asking $5,700,000 MLS® 10028787 9.8 ACRES - Kelowna, super private, spectacular valley views! Quad Lock Concrete 4,176 sq ft home with 2 car garage + detached 28 x 42 ft workshop + second 2 bedroom home. ...........$1,190,000 MLS® 10026652

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

FAIRMONT HOT SPRINGS, BC HIGH EXPOSURE COMMERCIAL PLAZA FOR SALE Fairmont Plaza located in the commercial heart of Fairmont with excellent exposure on the main road to Fairmont Hot Springs Resort. 7200 sq. feet building – 3 strata titles and Manager Suite on 0.91 acre property. Will sell as complete unit or strata’s separately.

$1,500,000

Contact: Paul Tardif 250-345-6506 250-342-1571

OKANAGAN – B.C. INTERIOR I N V E S T M E N T

O P P O R T U N I T I E S

NEW LISTING – CHRISTINA LAKE RV PARK-CAMPGROUND

FIRST TIME ON THE MARKET IN OVER 20 YEARS!

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Asking Price $799,000

JUST LISTED - FORECLOSURE SALE - FORMER GOLF COURSE UÊÊ , Ê ", -]Ê Ê UÊÊ Î£xÊ VÀiÊ- Ìi UÊÊ ««À Ý >Ìi ÞÊÓÊ ÊÀ ÛiÀÊvÀ Ì>}i UÊÊ Î] äÊ-µ°Ê Ì°Ê }Ê i UÊÊ vÊV ÕÀÃiÊ >ÃÌÊ «iÀ>Ìi`Ê ÊÓää ÊÃi>Ã Ê UÊÊ £Ê nÊ i]Ê«>ÀÊÇÓÊV ÕÀÃi UÊÊ ÝVi i ÌÊv>À Ê > `Ê ÀÊÀi «i Ê} v UÊÊ -i iÀÊ >ÞÊ>Ãà ÃÌÊÜ Ì ÊwÊ > V } Asking Price $1,200,000

NORTH OKANAGAN SELF STORAGE

DAVID JUROME 250-862-1888 www.davidjurome.com

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Advertise your listings in our special

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Reach potential buyers with money to spend. Western Investor readers have higher than average household income and a real interest in real estate.

Recreational Real Estate ADVERTISING FEATURE: • Limited spaces • 4-colour ads • Special rates

604-669-8500 1-800-661-6988 advertise@westerninvestor.com

UÊÊÓ°Ç£Ê VÀiÃÊUÊ, Êv ÀÊ Ý«> à ÊUÊÊ } Ê Ý« ÃÕÀiÊ V>Ì UÊÓxnÊ1 ÌÃÊÊUÊÊ* ÕÃÊnäÊ"ÕÌ` ÀÊ-Ì À>}iÊ-«>Vià UÊ VÀiÌiÊL V ÊV ÃÌÀÕVÌ ÊÊUÊÊ > >}iÀ½ÃÊ,ià `i Vi UÊ ° °Ê/ «Ê£äÊ1 >Õ Ê V>Ì ÊÊUÊÊ-i iÀÊ >ÞÊV>ÀÀÞÊ ÀÌ}>}i UÊ À ÃÃÊf{nä]äää³É ÊÊUÊÊÇ°ä¯Ê >«Ê,>Ìi Asking Price $4,695,000

FORECLOSURE SALE INDUSTRIAL BUILDING – SUMMERLAND

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Asking Price $1,650,000 LAND – OSOYOOS – $400,000 PRICE REDUCTION! 21.8 ACRES – PRIME HOLDING PROPERTY UÊ À iÀÊà ÌiÊ Ê } ÊÌÀ>vwÊV]Ê } ÊiÝ« ÃÕÀiÊ V>Ì ÊÜ Ì Ê ÛiÀÊ£]äääÊvÌ°Ê } Ü>ÞÊÎÊ vÀ Ì>}iÊ« ÕÃÊ£]£ÇxÊvÌ°ÊÃiV `>ÀÞÊÀ >`ÊvÀ Ì>}iÊUÊ/ Ü ÊÃiÜiÀÊEÊÜ>ÌiÀÊ>ÌÊ ÌÊ i UÊ6iÀÞÊV ÃiÊÌ Ê > iÊUÊ V Õ`iÃÊ ÕÃiÊEÊ «iÀ>Ì }Ê ÀV >À` New Asking Price $1,995,000

VADIM KOBASEW CO M M E RC I A L R E A L ES TAT E S P E C I A L I S T

250-492-2233 / 1-800-567-6770 RE/MAX FRONT STREET REALTY, PENTICTON, B.C.

Interior British Columbia B5

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

SOUTH QUESNEL C AT T L E R A N C H

Oyama Lake Fishing Resort

FOR SALE PENTICTON LUXURY MOUNTAIN TOP HOME ON 2 ACRES BEAUTIFUL VIEWS OF SKAHA AND OKANAGAN LAKE

$1,999,000

PENTICTON

15 Cabins, Campsites & RV sites, Gorgeous Residence with store, Boats/Motors - Everything you need to make the move into a great new lifestyle! $1,699,900

LAKEFRONT PENTHOUSE WITH MOUNTAIN VIEWS AVAILABLE IMMEDIATELY

5 title 768 acre fully fenced cattle ranch. 150 acres irrigated, 250 acres pasture, balance in late summer pasture. +/-3000 acres of attached range lease. 10 yr old ranch house, 1400 sq ft cabinet shop, 24’x 40’ mechanics shop, bunk house, 2880 sq ft machine shed, 3 yr old 72’ x 80’ hay barn, large log hay & cattle handling barn. Premium farm equipment is also negotiable. Currently set up to raise 250 – 300 head. Excellent value! Asking $ 1,280,000 Roy Mufford 604-533-3491 RE/MAX Treeland Realty

1 BDRM + DEN NEW PRICE $479,000

PENTICTON LAKEFRONT PENTHOUSE AMAZING VIEWS OF OKANAGAN LAKE & AVAILABLE IMMEDIATELY

2 BDRM + DEN NEW PRICE $1,499,000

OSOYOOS 10 INCOME PRODUCING LAKEFRONT RV LOTS

$1,250,000 + HST Please visit our website or call for more details.

monarkinvestments.ca

22 Acres on 1200’ of Shuswap River - Spring Water Business & RV Park Development Potential & Hobby Farm with Huge Workshop! $849,900 South Mabel Lake Operating Guest Ranch & Hobby Farm on 78 Ac with 2 titles and subdivision potential - Heritage Log Home lodge with residence South Mabel Lake $799,900

JODI

SALMON ARM, B.C. Reduced to $600,000 14 apartment condominiums to be built to complete the 38-unit Valley Vista on a two-acre sloping property. Excellent view of Shuswap Lake from one side, forest on the other. Onebedroom, 600 sq. ft., two four-plexes and a six-plex. Some suites are level entry. Can be rented. Quiet pets welcome. Modulars built by SRI Homes in Kelowna. Foundations are ready and waiting for the two four-plexes. All services and driveways are in.

LOUGHEED

604-592-7250

Financing Available. Potential Trades.

DEVELOPMENTAL LAND AND

GOLF COURSE FOR SALE IN THE BEAUTIFUL BC INTERIOR

162 Acres s 9-Hole Golf Course s Club House s Residence s Trades Considered s

Dwight Vos 250.371.7992 Tracy Mackenzie 250.318.2938

BUSINESS AND INVESTMENT OPPORTUNITIES UÊÊ >À}iÊ >V iÉ7i ` }Ê- «Ê– Suitable for investor or owner/operator. Includes land & buildings. fÓ°ÓxÊ UÊÊ `ÕÃÌÀ > Ê iÛi « i ÌÊ > ` – 130 acres, with highway and railroad access. Reduced to $995,000 UÊÊ vÊ ÕÀÃiÉ iÛi « i ÌÊ > `Ê qÊ Interior 162 Acres Deluxe Residence - Club House etc. Offers toÊÊ fΰÓxÊ COMMERCIAL BUILDINGS UÊ > «Ã – 2 Tenants – 8.5% Cap UÊ > «Ã – Future Highrise expansion

f£°{Ê

UÊ >V iÊ Àii – Hwy Frontage – Secure Yard

fÎÈ ]äää

DWIGHT VOS phone: (250) 554-4511 toll free: 1-866-456-0577 BEST-WEST REALTY LTD. KAMLOOPS email: dvos@kadrea.com

sallys1@telus.net or 250-832-4831

250 503-8033

$450,000

UÊ }> Ê > i – 3 Tenants - Well Established "7ÊfÓÇ ]äää

SALLY SCALES

Managing Broker, Vernon

BEST-WEST REALTY LTD. 250.554.4511

COLDWELL BANKER COMMERCIAL WORLDWIDE LARGE CONSTRUCTION PROJECTS UNDERWAY IN OUR AREA BLOCK MOTEL NINE UNIT & MOBILE HOME REDUCED TO $695,000

30 UNIT APARTMENT GREAT LOCATION NICE SHAPE

C-STORE, GAS BAR, LIQUOR STORE, POST OFFICE

PRIME RIVER VIEW LOCATION, BUS STOP IN FRONT, MAINLY SENIORS, ALWAYS FULL

$1,650,000

Price Reduction

TIME & PLACE

LIQUOR STORE & RESTAURANT & PUB

5 ACRES 5800 SQ. FT. BUILDING CURRENTLY RESTAURANT & PUB

CHRISTINA LAKE $489,000

16 NEWLY FINISHED ROOMS EXTENSIVE FIRE UPDATE, NEW SPRINKLERS SYSTEM

Reduced to $749,000 HOTEL, LIQUOR STORE, RESTAURANT $549,000 DER SALE

COURT OR

VENDOR MAY FINANCE

$1,490,000

Call Jack Giles 250-512-9997

FORMER SCHOOL

INTERNATIONAL SCHOOL 18,000 SQ. FT. OVER 50,000 SQ. FT. PROPERTY DISTRIBUTION OR MANUFACTURING CENTRE NICELY LOCATED WITH ADEQUATE PARKING AND FENCED STORAGE

3 LUXURY SUITES UPPER LEVEL, SIGNIFICANT RESIDENTIAL REDEVELOPMENT POTENTIAL, LOG FURNITURE COMPANY USES LOWER LEVEL, ZONED C10A $2,750,000

AREA $750,000

Call Brian Yeo 250-231-0676

DEVELOPMENT PROPERTY $649,000

4000 Sq. Ft. plus 2500 Sq. Ft. building now leased. $4,000 per month triple net. 1ST TRAIL REAL ESTATE LTD.

100 ACRES

PROPOSED

LARGE INDUSTRIAL SITE 24 LOT DUPLEX MAJOR POWER LINE SUBDIVISION 4TH MAJOR GAS LINE STAGE OF EXISTING POTENTIAL COGEN SITE SENIOR HOUSING DEV. $750,000

$888,888

EUROPEAN BAKERY HIGH VOLUME OWNER RETIRING, WILL STAY ON AND TRAIN $300,000

MILANO PIZZA & CHICKEN TAKE OUT $169,000

Excellent Volume. Vendors will train.

(250) 231-5222 ( CELL) www.cbcworldwide.com www.coldwellbankertrail.com (250) 368-5508 ( FA X )

B6 Interior British Columbia

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

THE WAY RADHE WORKS:

BE A THINKER. BE A CREATOR. ENJOY IT.

RADHE GUPTA President and CEO, Rohit Group of Companies

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B7

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

COVER After a fling with pretty golf courses and ski resorts, Kamloops moves back to its mining roots

$PQQFS CBDLFE GVUVSF WI STAFF/CAM FORTEMS WESTERN INVESTOR hen the 1,000-acre, highend Tobiano golf and resort development was forced into receivership this year, it cooled local excitement of what was once seen as the future of Kamloops. This summer, when fancy hotel condos at the Sun Peaks golf resort began selling for 10 per cent of what they went for a few years ago, the signal become unmistakable: it may be time the blue-colllar town put its workboots back on. Photo: Keith Anderson/Kamloops Daily News

“It’s finding a balance,� said Dan Sultz, manager of Venture Kamloops, which works hard at luring business and residents to B.C.’s fourth-largest city, “Mining and development are positive for business, but at what cost?� Sultz, an Ironman athlete who likes to run and bike in the rolling hills that surround the city, was referring to a debate that has split the town and may define Kamloops for years to come. Kamloops is a historic mining town, first settled in the wake of the Cariboo Gold Rush in the 1860s and incorporated as a city in 1893. In the last century, discoveries of gold and copper allowed Kamloops to prosper. Today the Highland Copper Mine, close by at Logan Lake, is still producing and the underground New Afton mine – being developed on the site of Teck Corp.’s old Afton Mine site – will be in production next year, with 350 workers and 650 contractors on site. According to the Mining Association of BC, Kamloops is a near-ideal mining centre because of its central location to all major centres in the province. Kamloops is at the intersection of B.C.’s four major highways, the Coquihalla (Highway 5), Trans-Canada (Highway 1), Yellowhead (Highway 5) and

Photo: Pagebrook Investments

8

TOP: Moly-Cop maintenance worker Jeff Sales with grinding balls ready for shipment to local mines. Celebrating 25 years in Kamloops, Moly-Cop represents the past – and potential future – of the region’s economy. RIGHT: Tobiano golf course remains open, but its developer has been forced into receivership after real estate sales stalled.

Highway 97. Over 25 trucking and transport companies are located in the city. Both Canadian National Railway and Canadian Pacific Railway intersect in Kamloops. In the last decade, however, as prices for minerals fell and mining activity waned, Kamloops began to define itself as a recreational destination. The Sun Peaks ski resort and golf course, the Tobiano golf course and the Sun Rivers golf resort – all with residences – put Kamloops on the vacation map, attracting buyers from as far away as Alberta, the U.S. and the United Kingdom. Mining seemed, well, so yesterday.

"KBY NJOF

The current debate now focuses on the proposed Ajax Mine, a controversial mining project on the city limits. In the latest in a series of public and civic meetings on the mine, officials from Abacus Mining and Exploration, which is owned by Polish companyKGHM, recently gave council and residents a presentation on the proposed Ajax mining project. The mine, which would be located a couple of kilometres south of the city limits in Aberdeen, stretches west to the Coquihalla Highway and is part of the old Afton Mine site. The mine is not that large: it could produce an

estimated 1.5 million pounds of copper and 1.3 million ounces of gold over a projected 25-year lifespan. This compares with the New Afton Mine, already under development about 10 kilometres from central Kamloops, which will produce 75 million pounds of copper. Ajax would also generate an estimated 1,000 jobs during construction and up to 400 highpaying mining jobs. “There is a big difference [to the economy] between miners making six-figure incomes and $15-per-hour tourism jobs,� Sultz said. Still, there are many in town, including the Kamloops Area Preservation Association (KAPA) – which has mounted a “stopajax� web page – who oppose the mine. “We are concerned that about 90,000 people will be exposed to the toxic dust which will inevitably blow over the city,� the KAPA web page thunders. Other residents expressed concern about damage to local Jacko Lake and potential mine runoff into Kamloops Lake. Mark Whittaker, project manager for Ajax, said the mine would work around Jacko Lake and respect the area. “It was very clear to us that Jacko Lake was the centrepiece of the area,� he told council.

Please see Golf page B8

*OUFSJPS #SJUJTI $PMVNCJB 1211 SUMMIT DRIVE Kamloops, BC

TA L A S A V I L L A G E C E N T R E Kamloops, BC

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Attractive Leasing Incentives

CONCEPTUAL DRAWING ONLY

LEASING OPPORTUNITIES

PRE-LEASING & SALES OPPORTUNITIES

Excellent central location in newly developed Summit Centre. Ample parking for customers. Main oor 4,700 sq.ft. Upper oor 5,600 sq.ft. Premises can be divided. Opportunities for medical & business professionals, pharmacy, retail & ďŹ tness centre.

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Mona M. Murray Dip. ULE, RI (BC), CPM

250-372-2277 mona@mcmrealestate.ca

250-372-2277 mona@mcmrealestate.ca

www.mcmrealestate.ca

www.TalasaLiving.com

4QJO PGGT

Mayor Peter Milobar noted approval of the mine ultimately rests with the senior governments. For some Kamloops businesses, the mine approval is necessary and welcomed. An example is longtime mine supplier MolyCop, which is celebrating 25 years in business. Founder Maurice Hindle, an engineer who came to Kamloops from Stelco in Edmonton to help start the operation, said the global commodity boom is running Moly-Cop up against its limited capacity. Moly-Cop manufactures forged steel heat-treated grinding balls, ranging in diameter from one inch to 5.5 inches, used in milling ore. “We’ve been at or near capacity for the past couple years. We almost expanded back in 2008, but held up, fortunately,� Hindle said. Two years after the world plunged into

Hot Listing BCs #1 Sub Interior BC Location Sales exceed $600,000 a year

Zoned For 11 Stories

48 residential units and 9 commercial units in Penticton, 2 blocks from Okanagan Lake. Possibility exists for a larger land assembly. Great holding property or for development now, permit in place. MLSÂŽ 131887

Patti Dunbar Associate Broker 250-493-2244 patti@royallepage.ca

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,BNMPPQT # $ Population 87,000 Average detached house price $330,000 Major employers Government, mining, tourism Number of golf courses 13 Number of mines Two

Mike Grenier, who owes millions himself and has lost ownership and control, blamed continuing effects of the 2008 recession as well as the inability to get government or private financing for the proposed marina. Meanwhile, at the Sun Peaks Ski Resort, the third-largest in B.C., hotel condos that sold four years for around $200,000 are offered at deep discounts. One recently sold for $18,000: evidence that recreational investments can be as volatile as mining.â—†

TRADES CONSIDERED ON SELECT PROPERTIES PREMIUM STORAGE YOU OWN! GARAGETOWN - VERNON Premium Storage with a difference- YOU OWN IT! - 47 fully customizable units. 20x48, 24x48 and larger w/14’ overhead doors plus a drive-through model. Ideal for RVS, boats, collectors, retail and business overow. Level 3 acre site w/ quick access to all major routes. Fully furnished Owners Lounge! Offering preconstruction incentives from $125,900 MLSŽ

AT T E N T I O N ALL 6 multi family zoned (R3-B) lots for sale in beautiful Fernie B.C. Lots total just over 2 acres in size and are located in Fernie’s premier subdivision “Alpine Trails�

CARWASH – WILLIAMS LAKE ProďŹ table and well maintained! Great Family operation or for absentee owner. ½ acre lot, 3 high pressure truck and 3 medium pressure car bays, new detailing business. $949,000 MLSÂŽ TOURIST COMMERCIAL ON OKANAGAN LAKE .23 level acre across from public beach! Older home with long term tenant. $650,000 MLSÂŽ RETAIL/WAREHOUSE WITH SUITE 10,800 sq.ft - exible use. High visibility on main commercial road across from Mall. Tenant would like to stay. Great holding property. $1,199,000 MLSÂŽ TRANSCANADA HIGHWAY FRONTAGE 1.8 acres with 500’ frontage. Previously operated as Gas station, store, restaurant, launderette. Includes rental suite and 5 unit mobile home park. Main store built in 2003/ Sold As is Where is. Opportunity! Close to Sicamous, BC. $515,000 MLSÂŽ

Lots are fully serviced and allow for 3 attached dwellings per lot.

NURSERY/HORSE SET-UP In heart of Coldstream Valley! Turn key operation! Steady Growth! Equipment, automated greenhouse, vehicles, comfortable home with suite, ofďŹ ce. 20 prime irrigated acres w/ set up for horses. $1,600,000 MLSÂŽ

Asking price is $899,900 for all 6 lots. Less than $150,000 per lot, well below current market value!

FORMER PACKING HOUSE OFFERS 38,000 SQ.FT. Warehouse can be cooled or heated. Off street semi-trailer, staff parking. Extremely solid. Zoning supports brewing/distilling, commercial, retail, care center, apartment and more. Downtown location. $1,949,000 MLSÂŽ

Contact

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ently never counted on the loss of Alberta and U.S. buyers – has shaken the resort industry. The highest-profile casualty is the giant Tobiano golf resort. This June, Bowra Group Inc. was appointed receiver manager of the assets, undertakings and properties of Kamlands Holdings Ltd., the Tobiano developer. Tobiano consists of a partially completed 1,000-acre resort development including an operational golf course. Bowra “is actively looking for a buyer to purchase, in whole or in part, the Tobiano development.� The Bank of Montreal holds the $27 million debt. Among those named as owing are: Michael Grenier, Pagebrook Investments, Tobiana Golf Club and the Business Development Bank of Canada. Creditors in control of Tobiano are in no panic to sell the entire operation because it is not bleeding red ink, the receiver in charge said. Bowra’s Doug Chivers said the golf course is profitable and “the utilities break even, essentially.� The resort continues to market individual lot sales while it is in receivership. Land prices have dropped below those offered late in 2008, when the resort offered recession-level pricing. Current discounts on lots amount to between 30 per cent and 50 per cent. Chivers said some developers have looked at the books but no offers have been made to purchase its assets, including the golf course and undeveloped land. The new developer is not 3FTPSUT Kamloops remains a popular recreation area, bound to build a marina or equestrian centre, but overreaching by developers – who appar- both part of Tobiano’s original plan. Developer

ih

The company said it has no plans to change the access to the popular fish-bearing lake to the public. A spokesman for KGHM Ajax said, “There is nothing going on at the site now, we just have one geologist up there,� adding that at least three more public hearings are on the docket. What the mine and the town are waiting for is the result of provincial and federal environmental studies, which could ultimately decide if the mine goes ahead. KGHM does not expect a final environmental ruling until the end of next year.

the recession, metals prices have rebounded and remained strong. That’s kept operations, including Highland Valley Copper – and Moly-Cop – running and profitable. Now owned by Australian firm OneSteel Ltd., Moly-Cop is again talking about its plans for expansion. In the late 1980s, Hindle decided Kamloops was a natural location for the plant due to the number of neighbouring mines, including the Afton and Brenda mines. “Twenty-five years ago Kamloops was a centre of mining.� Hindle said Moly-Cop has been maximizing its output to about 100,000 metric tonnes a year. It is now working on engineering and layout plans to increase that tonnage to between 162,000 and 200,000 tonnes a year. To do so it will have to lease or purchase adjoining land. While Kamloops shed its boom-and-bust reputation beginning in the 1990s, mining is unlikely to ever escape the cycle. Despite that, Hindle noted Moly-Cop has never laid off staff. “We’ve kept people employed from Day 1. It’s given us an experienced workforce,� he said. Still, the Axton and New Afton mines, like all others, are subject to commodity prices, and there are signs copper demand and prices may falter. As of press time, theLondon Metal Exchange reported that contracts for threemonth delivery of copper had fallen 5.7 per cent in August, the first drop in three months.

qu

(0-' from B7

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

Co

B8 Interior British Columbia

Cell

250-423-1645 Toll-free

IN B C

1-877-423-1649

Any size - any area Considerable finance available

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Reply to:

bonnie3@westnet.com.au Royal LePage East Kootenay Realty

SERVICE COMMERCIAL DEVELOPMENT SITE Ideal for end user or subdivision. Fully serviced area w/access from 2 or 3 roads. Zoning allows for 10,800 sq.ft +. Multiple uses including residential above main oor. $5,750,000 MLSÂŽ IDEAL FOR WATER BASED BUSINESS .51 level acre zoned I1 Light Industrial. 18’ x 30’ shop and 3 bdrm house. Located between downtown and yacht club/boat launch. Next to airport. Rare Find! $688,000 MLSÂŽ OKANAGAN RANCH 681 acre Ranch (or potential development) 20 minutes from Kelowna International Airport & City of Vernon. Adjacent to world class Predator Ridge Golf Course and Sparkling Hills International Resort. Rolling, open and treed land w/some stunning Kalamalka Lake views. 180 acres out of ALR. $6,495,000 MLSÂŽ BUSINESS - RECREATION VEHICLE SALES Thriving, proďŹ table, long established business! Sales of new & used, service department, rentals, accessories sales. High proďŹ le location. Sellers will negotiate lease for land and buildings. $499,000 MLSÂŽ

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Interior British Columbia B9

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

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INVERMERE, BC

Rare Commercial Location #111, 809 7th Avenue

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Downtown main street. Very high traffic area 1,149 sq/ft of finished space. Move your business here. Major improvements for retail or offices are in place. $299,000

Buy or lease. Prime main street retail or office space in Park Side Place, well built building, low operating costs. 907sq ft. Attractive building. $299,000 + HST

ENDERBY, BC

INVEST IN QUESNEL, INVEST IN YOUR FUTURE

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This unique income generating property on 2.82 acres in desirable area consisting of large split level home, in law suite and 6 side by side duplexes. Duplex units are all 3 bdrms with laundry. Main residence is spacious, immaculate with attached 2X garage, shop, greenhouse and more. Property currently grossing $9,775.00/mo. $895,000 Ask about an info package today.

Terri Matula 250-991-2001 tmatula@remax.net RE/MAX Quesnel Realty

Commercialland, building and business opportunity, plus bonus residential suite currently rented. Additional storage area can be converted into second residential suite if desired. Street level store includes SEARS, DHL and Purolator outlets. Established bulk food store known as the Stocking Up Shop. Busy store frontage. Established clientele. Turnkey. RACHEL PASEMKO REALTOR/ASSOCIATE BROKER RE/MAX Shuswap 1111 Lakeshore Dr SW Salmon Arm BC V1E 1E4

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Lifestyle Opportunity

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Incredible mountain views 10 minutes to Panorama. On 5 acres, 3 years young. 3 bedrooms, 3 bathrooms Fantastic decks and patios for entertaining. Custom heated concrete floors plus classic work shop. $749,000

Once in a lifetime dream property. 4200 sq ft, a modern master piece. Open living plan, galley kitchen and 3 main floor bedrooms. On 77 georgeous acres. Scenic Rocky Mountain and Lake Windermere views. A must see property. $3,500,000

on 2 floors. Apostoles Restaurante. Complete engineered renovation. Kitchen, dining area, lounge and modern owner’s accommodation above + a 2 bdrm & 1 bdrm self contained rentals

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PAUL GLASSFORD 250-342-6505 pglassford@telus.net

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call Gary Takahashi toll-free: 1-800-661-6988 direct: (604) 608-5111 or fax: (604) 669-2154 gtakahashi@westerninvestor.com

The HEIDI LUSSI Real Estate Team

Tim Down ]ĂŠ*°ĂŠ ÂŤÂŤ]ĂŠ ]ĂŠ, ­ ÂŽ "Professionalism You Can Trust"

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RE/MAX Vernon 5603 – 27th Street, Vernon, BC V1T 8Z5

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Each office is independently owned and operated.

B10 Interior British Columbia #SJUJTI $PMVNCJB

Haida buys West Coast Resorts

T

he Haida Enterprise Corp. (HaiCo), owned by the Haida Nation, has bought controlling interest in West Coast Resorts (WCR), which has five high-end fishing resorts along B.C.’s west coast. “This investment by HaiCo is the logical progression of West Coast Resorts’ longstanding relationship with the Haida,” said WCR manager George Cuthbert. “Over the years our guests have come to value our relationship with the Haida, Gitga-at, Heiltsuk and the Kyuquot/Checleseht people and have returned to our resorts repeatedly.” Two of the lodges – the Lodge at Hippa Island and the Lodge at Englefield Bay – operate on the west coast of Haida Gwaii (the Queen Charlotte Islands) while two other lodges are located along the central coast and a fifth lodge operates in Kyuquot Sound on Vancouver Island. The purchase will allow the Haida to extend employment opportunities for its people, according to Thomas Olsen, managing director of HaiCo. The value of the purchase was not released.

Private money now driving construction

C

onstruction spending in B.C. and Canada over the next year will be dominated by private-sector and non-residential work as cash-strapped governments cut back on institutional buildings and debt-heavy consumers shy away from buying new homes, according to the Conference Board of Canada. “The winding down of government stimulus spending has resulted in lower spending on

institutional structures, which will take some steam out of the [construction] industry. This trend is expected to continue into 2012,” the board states in its recent Canadian Industrial Outlook. The report notes that the federal and provincial governments have a combined deficit of $67.7 billion this year, with the provinces alone on the hook for $27.2 billion. Resultant cutbacks have meant a 37 per cent drop in government-funded construction projects as of mid-2011 compared with a year earlier. Though it is not specifically mentioned, the completion of Vancouver Olympic venues would have spiked the 2010 institutional spending higher than normal. However, the study sees private commercial and industrial construction taking up some of the slack. Through the first six months of this year, permit values were up 1.2 per cent for industrial buildings and 4.7 per cent in the commercial sector. “These two segments are recording healthy increases [and] are set for continued growth.” In the residential sector, the board notes that national housing starts fell 3.2 per cent in the first half of this year compared with 2010, though new-home prices were up 1.9 per cent in the same period. Higher immigration may boost demand for new homes in 2012 and beyond, but high consumer debt could put house-buying plans on hold. This year, consumer debt in Canada hit $1.54 trillion. This means that, with an income-to-debt ratio of 147 per cent, the average Canadian holds $147 in debt for every $100 in after-tax income. “It is expected that consumers will be reluctant to take on extra debt to buy a new home or to finance renovations,” the board cautioned.

U.S. contractors begin northern power line work

B

C Hydro has chosen Edmonton-based Valard Construction, owned by U.S.based Quanta Services and Burns & McDonnell, also a U.S. company, as contractors to design and build the Northwest Transmission Line (NTL).

#FMMTUBS MJOLT UP QSPKFDUT PO 7BODPVWFS *TMBOE

C

a lg a r y - b a s e d B e l l s t a r Hotels and Resorts Ltd. has added another B.C. resort to its management portfolio. This time it’s Comox Bay Marina & Residences, a natural fit given the popularity of Vancouver Island with Alberta buyers. Bellstar previously managed Rendering of Comox Bay Marina & Residences. Miraloma on the Cove in Sidney, but its management contract ended last year when Miraloma’s owners converted thedevelopment to condos. Howard Land Group recently approached Bellstar to manage the new Comox project, which is set to open in early 2014. “We looked at the plans, we looked at the condos, we looked at the size of the resort, we looked at the market in Comox and we decided it is a fit for us,” said Bellstar COORalf Strub. Strub said the addition of Comox opens opportunities for Bellstar to become more active on Vancouver Island. It was meeting with a second resort owner last week, and it’s in discussions with a third property. The latter two are operated by thedeveloper, who sees value in having an outside management company. “They understand it’s a different skill set,” Strub said. Bellstar looks forward to being back on the Island following the termination of the Miraloma agreement. “We want to add the Island again to our portfolio as a hub and make it more worthwhile than it is with one resort,” Strub said. The Comox Valley has also attracted Trilogy Corp. of Vancouver, which is developing the largest mixed-use project on Vancouver Island. Trilogy’s 719-acre Cayet development at Cumberland, just west of Courtenay, calls for a huge shopping centre, office and institutional space and more than 1,000 homes. “The Comox Valley represents the most affordable land prices in B.C.,” said John Evans, president of Trilogy, who has been inviting otherdevelopers and home builders to join in at Cayet. Photo: Howard Land Group

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www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

The NTL will be a 344-kilometre, 287-kilovolt transmission line from Skeena Substation near Terrace to Bob Quinn Lake. The project will provide an interconnection point for clean-energy generation projects and supply clean electricity to support future industrial developments in the area. The power line is scheduled to be in service in December 2013. BC Hydro says the project will create up to 840 direct jobs during the three years of construction. According to a 2008 report from the Mining Association of BC, the NTL has the

potential to attract $15 billion in new investment and create more than 10,000 jobs over the next few decades. BC Hydro will also provide direct employment to First Nations and Nisga’a Nation members in the region with a number of direct awards for NTL project work, such as access-road construction and right-of-way clearing work. Meanwhile, the province says it is also committed to BC Hydro’s controversial, $7 billion Site-C dam, though all environmental studies on the giant Peace River project have not been completed.◆

KOOTENAY LAKE VILLAGE

Live in Nature. Play in Nature.

An Investment Opportunity Like No Other A rare opportunity to purchase one of the most successful and acclaimed real estate projects in Interior BC. The current developer is seeking a visionary buyer to complete the master planned subdivision, which benefits from existing extensive utility infrastructure, engineering, construction permitting, recreational park areas, experienced management and sales teams and much, much more. Matt Cameron 604-694-7628 matt@landquest.com

Sam Hodson 604-694-7623 sam@landquest.com

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WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

Interior/Northern British Columbia B11

We sell unique Properties in British Columbia

www.TheBestDealsinBC.com

Sicamous, BC

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Multi-Unit Residential 10 Unit Residential Townhouse Property. Potential to stratify units for resale. Gross potential revenue of $96,000/yr. Annual expenses: taxes $5,080, water/sewer $4,000, insurance $950. Reduced to $839,000 (sold in 2007 for $1,000,000).

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Farms & Ranches Strouse Meadow Ranch, Creek front, Chilcotin, 160 acres, great retreat, wildlife & more

$200,000

Dry Ranch, Riske Creek, 489 acres, 3 titles, water licence, off grid, hayďŹ elds, great setting $400,000 Ross Meadow Ranch, Williams Lake, 485 acres, 3 titles, surrounded by crown, wildlife $434,000 Savona, Allie Lake Ranch 123 ac / 3 guest cottages / 28 ac of lake, fenced/cross fenced

$590,000

Black Sheep Ranch, 159 acres, Sawmill, Wood Lot, Log Home, Guest House, Studio build

$749,000

Riverfront Ranch, McAllister, 443 acres, range permit, 3 titles, water licenses

$849,000

Marguerite Farm, Riverfront, Quesnel, 470 acres, lots of features, micro climate

$875,000

School House Ranch, 100 Mile House, 2 Log Homes, 625 acres, ďŹ ve minutes to city

$899,000

Fort St. John, 2560 acres, Cattle and Hay Ranch, grazing range, all fenced, lots of Wildlife $1,100,000 Becher Ranch, Williams Lake, 450Sacres, OLDbig Log Home, Pool

$1,500,000

Bar M7 Ranch, Williams Lake, 2267 acres, Grazing Lease, 19 Titles, no Buildings

$2,700,000

Lodges / Resorts and Bed & Breakfasts Whites B & B Horsey BC, Big House with 8 Bed Room, good Income REDUCED

$279,000

Schuk Ranch, Chilcotin, 2 Log homes, several outbuildings, 40 acres, pictures setting

$549,000

Thuya Lakes Lodge, Little Fort, surrounded by 30 lakes, ONLY resort in the area

$619,000

ElďŹ nlau Waterfront ECO Resort, Harrison Hot Springs

$784,500

Land 108 Mile Ranch, Semi Waterfront Lot, 0.63 acres, very close to Lake, great investment

$59,000

Lakefront, Miner Lake, Cariboo, 40 acres, great hunting, easy access, Crown Land

$65,000

Williams Lake, 0.69 acre building lot, Golf Course subdivision

$65,000

Moose Meadow Ranch, Williams Lake 68 acres, off grid, two titles, great hunting

$70,000

Horsey, 5 acre building lot with great views, close to Village

S75,000

Lakefront, 80 acres, small lake near McLeese Lake

$85,900

Horsey Bay, Semi Lakefront, 5 acres, very beautiful recreational property

$89,000

Lakefront, near McLeese Lake, 80 acres, small lake

$85,900

Creek front, Williams Lake 40 cares, good timber and hayďŹ eld, rustic cabin off grid

$89,900

Horsey 5 acre commercial Lot right on main Hwy. great Investment

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Hope, Dogwood Valley Country setting building Lot, 0.5 acres

$99,000 $99,900

Hope, beautiful building Lot, Thacker Mountain Subdivision, great family area Quesnel, Nazko Cooper Meadows 179 acres of Hay and Play Land

$104,900 $109,000

Chilcotin, Semi Waterfront, One Eye Lake 160 acres bargain!!

$125,000

Quesnel, Nazko Baker Meadows 280 acres of Hay land-Outdoor Paradise!

$129,000

Waterfront Lot 1 McLeese Lake great ďŹ shing, easy paved road access

$149,000

Clearwater, 57.24 acres, not in ALR, subdivision & Ranch Potential, beside Provincial Park

$150,000

Waterfront Lot 6 McLeese Lake great ďŹ shing, easy paved road access

$179,000

115 acres, Horsey, great views to Lake and Mountain, 60 acres in hay, easy access

$182,000

Clearwater, 20.65 acres, Creek front, ideal recreational property, beside Wells Gray Park

$199,000

Monte Lake, River frontage, 21,57 acres , Hobby Ranch property, close to Kamloops

$269,000

Chilliwack River Frontage, 3.72 acres, with mobile, pictures setting on a salmon habitat Agassiz, Lougheed Hwy. 5 acres, great River views, subdivision potential

Commercial Clinton, Hwy Exposure, Commercial zoned House with Store, double Lot

$149,000

Hunting OutďŹ tting Business, Alberta, Rocky Mountain area, REDUCED TO

$399,000

Wells, White Cap Inn, 34 units, great Income, growing mining village, motivated Seller

$599,000

Oceanfront, Bella Coola, 31 acres, huge warehouse, down town, Marina possibility

$680,000

Home Hardware Building, 100 Mile House, $57,000 net income, beside Safeway Pinkney Mall, 100 Mile House, 2500 sqft, net return $166,000 top condition

$865,000 $1,695,000

Houses / Condos / Apartments Anahim Lake, 3 bed/2bath on 3 acres, timber framed, southern exposure

$89,900

Quesnel Lakefront Cottage, Likley, 2 bedroom, 1 bath, great setting, year round access

$90,000

150 Mile House, 8.8 acres with unďŹ nished Cabin, only 25 minutes to WL, great buy

$64,900

Greven, Germany, River frontage, Nice weekender, close to Muenster, save investment

â‚Ź148,000

Hemlock Valley Condo, one bedroom, great ski area, close to mainland, great offer

$155,000

Clearwater, two new unďŹ nished Cabins, 6 acres, lots of Wildlife, close to Park

$189,000

McLeese Waterfront, 2 bedroom nice weekender on McLeese Lake, REDUCED

$195,900

Horsey, almost new Log Home, Guest Cabin, Work Shop, several times REDUCED

$236,900

Harrison Hot Springs 2 bedroom apartment with great Lakeviews, very motivated Seller $229,000 Lac La Hache, Semi Waterfront, 3 Bedrooms NEW / not ďŹ nished, great Deal must sell

$249,000

Horsey, solid Log Home on good Road, 2008 sqft., 3 Bedrooms 1 bath, great setting

$249,000

Williams Lake, 3 bed / 2 bathrooms, 10 acres, great house REDUCED TO

$259,000

Waterfront Scum Lake, 4,07 acres, self-efďŹ cient weekender top notch, great buy

$269,000

Clearwater, Log home, 115 acres, not in ALR, beside Wells Grey Park, great weekender

$349,000

Waterfront, Horsey custom Log home & extra Studio building, 2 acres

$425,000

100 Mile House, almost new Log Home, guest cabin, semi Lakefront, private, good road

$529,000

Waterfront Canim Lake, 17 acres, 200 m waterfront, 2900 sqft. off grid

$589,000

Harrison Lake Frontage, 3 bed. 1 bath, 2.56 acres, several outbuildings, own power/water $749,000

3AÂŽ Network Group Linda Marks & Freddy Marks 604 491 1060 WestCoast Realty

™

You've found a home

Email tekamar@telus.net or call 1-800-658-2345

* Financing available O.A.C.

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NORTHEAST BC REALTY Ltd. Phone 250 785 4115

“Investing Our Energy In The North� Located at 9912-100 Avenue Fort St John BC V1J 1Y5 www.NEBCRealty.com F: 250 785 4120 RON RODGERS - OWNER / MANAGING BROKER Email: ron@northeastbc.com

INVESTMENT PROPERTY

FOR SALE - FORT ST JOHN BC 39,000+/-sf leased building on 3.73 acre corner lot in Prospect Industrial Park

INVESTORS TAKE NOTE‌ North East British Columbia has a thriving economy that continues to maintain a healthy market. With BC Hydro’s projected Site C dam along with the busy oil & gas industry, this is a great area to consider investing in. Existing tenant is a major industrial product and supply company whose current lease term is in place to 2017. Solid lease with annual escalator.

$789,000 $1,200,000

Approx. mortgage pmt. on $675,000 = $3,800/mo*

$95,000

150 Mile House 80 acres of good Holding / hunting property, make your offer

Freddy & Linda Marks

ASKING $2.88 Million Note: CONFIDENTIALITY AGREEMENT MAY BE REQUESTED Prior to release of information

MLSÂŽ N4504999

NO DROP INS

Call Ron for information package or to arrange to view

FORT ST. JOHN UÊÇÊ Â?`}ĂŠĂŠ*ÂœĂ€ĂŒvÂœÂ?ˆœ UĂŠ/ÂœĂŒ>Â?ÊÇÇÊÀiĂƒ°ĂŠĂ•Â˜ÂˆĂŒĂƒ UĂŠ Â?Â?ĂŠLĂ•ÂˆÂ?`ˆ˜}ĂƒĂŠÂœÂ˜ĂŠ ÂˆĂŒĂžĂŠĂƒiĂ€Ă›ÂˆViĂƒ UĂŠĂŠ*Ă€ÂœviĂƒĂƒÂˆÂœÂ˜>Â?Â?Þʓ>˜>}i`ĂŠĂŠ vÂœĂ€ĂŠĂži>Ă€ĂƒĂŠ

PRICE: $69,500ĂŠ

ÂŤiĂ€ĂŠĂ•Â˜ÂˆĂŒ

RON BARTSCH cell 604.789.2296 ronbartsch@me.com

marketing your franchise? Call Christine at the

1-800-661-6988 • (604) 608-5110 • ccampbell@biv.com

B12 Northern British Columbia

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

DAWSON

FORT. ST. JOHN LOCATION, LOCATION!

CREEK

www.dawsoncreekrealestate.ca

2 - 2160 SQ FT SPACES FOR LEASE

TOM MORAN 250-784-7090 tommoran@shaw.ca

LLOYD SMITH 250-784-7116 lloydsmith@shawcable.com

RE/MAX DAWSON CREEK REALTY 1-888-214-5871 DAWSON CREEK COMMERCIAL EXPERTS

8219/8223 - 93RD STREET

10123 - 100th Street A prime downtown location, right on 100th Street, just under 2500 square feet divided into 2 separate retail spaces, both sides currently leased $299,900

MLS# N4504949

OPPORTUNITY KNOCKING!

WAREHOUSE/OFFICE AVAIL. SEPT 1/11. DRIVE THROUGH 14 X 16 OVERHEAD DOORS W/ELECTRIC OPENERS, 9 X 15 OFFICE. $14.50/SQ FT + TRIPLE NET - MLS# N4504927/4504928

IDEAL FOR SMALL BUSINESS!

8224 - 100th Street

9620 - Sikanni Road

11,848 sq. ft. strip building consisting of 8 individual spaces ranging from 1.367 sq. ft. to 2,160 sq. ft. each. Spaces consist of front reception/ofďŹ ce area, 2pce baths and rear shop with 14’ overhead doors. $1,400,000 - MLS# N4505039

2000 sq. ft. bay with front reception, ofďŹ ce and mezzanine. Shop consists of radiant heat, 14’ overhead door, main door + a oor drain. $14.00/sq ft + Triple Net

INVESTMENT GEM!

#132673 - In the centre of the City close to the traffic circle on Alaska Highway...1.55 acres of flat land with all new services to the property and bordered by 8th street and the paved roadway to the new apartment building. Excellent location, commercially zoned, $290,000.00 #129953 - RETAIL BUILDING Great location on 10th St over 3,000 sq ft on main and additional 3,000 sq ft on second floor, located next to Scotia Bank, immediate possession available. Asking price of $375,000

MLS# N4504937

INVESTORS ALERT!

#130083 - Prime location on Alaska Ave. in Dawson Creek - close to all retail and downtown and still on main artery through the City. Total of 17,000 sq. ft. of new space and can be divided into whatever you need. High end restaurant opening soon, lots of parking.

10016 - 106th Street

4717 - 51 St., Chetwynd Fully occupied w/consisted ROI to the owner. Contains established businesses & a fully furnished 2 bdrm apart. Torch on roof in 1999 & new ďŹ re system in Jan. 2011.

$1,200,000 - MLS# N4504915

Currently Leased at $3,000/mo gross. 3200 sq. ft. building with 4 ofďŹ ces, 2 baths + 2 bay shop.

$329,900 - MLS# N4504196

KATHY MILLERCURTIS ROBINSON PERSONAL REAL ESTATE CORPORATION

Remax Action Realty 1991 Inc.

kathy@bugkathymiller.com curtis@remaxaction.ca 250-785-5520 Toll Free : 1-888-785-5520

The Power Of Partnership!

Look Here For

Your Next Investment Opportunity

#131706 - INVESTOR ALERT! New condo asking $219,000 leased out to an oilfield company for $2.500 month. This 2 bedroom with den unit comes with 6 appliances and is furnished, total of 1856 sq ft with full unfinished basement. #131876,

130050,

131875

-

HIGHWAY

COMMERCIAL/INDUSTRIAL LAND Situated across from the EnCana event centre, Chances casino and new Holiday Inn this is a very desirable location. Total of three lots each approx 4.5 acres each, excellent visibility and access. FOR SALE OR LEASE 5040 sq ft building on busy Alaska Ave. Many uses, drive thru availability, lots of parking, next to government liquor store. Owner will consider dividing building into two rental units. Priced at $795,000 or 17.50 sq ft to lease.

SOLD

ABBOTSFORD - 2.5 ACRES - $699,900 Located in the charming community of Arnold this diverse property will suit no matter what your needs are. All  at and usable and set up to house up to 14 horses, with two barns, turnouts, riding ring all drained and gravel footing. The home is a 7 bedroom basement entry well maintained with large kitchen to open dining and family room area and separate living room with beautiful red brick ďŹ replace (previous owner was a professional mason). Nothing left to do except move everyone in and enjoy. Easy to view - this is priced to sell fast. You will be impressed.

SOLD

IRON CREEK LODGE - HOT NEW PRICE !!! $638,888 50 Acres – Located at the B.C. Yukon border, on Iron Creek Lake which is stocked by the gov’t with rainbow trout. Facilities overlooking the lake include service station, 2 storey lodge with 50 seat restaurant, full kitchen, living quarters upstairs, 8 room motel, 2 room log cabin, 20 serviced R.V. sites...the list goes on. All buildings and services were installed from 1992 to present with approvals and built to code. Steady clientele with tour buses, car, truck and camping trafďŹ c, ďŹ shermen, hikers, snowmobilers, cross country skiers and local trafďŹ c. Priced to sell. Call for a full information package.

SOLD

3!,-/. 6!,,%9 2!.#( s 02).#% '%/2'% !#2%3 Located 15 minutes east of Prince George, this fertile and picturesque ranch borders the Salmon River. Large acreages like this located close to major city centers are hard to ďŹ nd. Perfect opportunity to raise any kind of livestock and/or grow crops. Much of the land is already producing and fenced. Priced to sell - don't miss this opportunity to invest in your future. Call for more information.

For Professional, Personal and Prompt Service Call... Karren Winther and Nick Costantino Cell: 604-818-4888 604-857-1100 Cell: 604-818-0233 2% -!8 !LDERCENTER 2EALTY s &RASER (IGHWAY !LDERGROVE "# 1-888-341-1100 s %MAIL kwinther@uniserve.com

#130029 RETAIL STOREFRONT on 102nd Ave. for sale, 3500 sq. ft on a corner location, paved parking, good visibility can be used for ofďŹ ce, retail, or your own small business. Owner will consider leasing as well $169,000 #130010 - WELDING / MACHINE SHOP for sale Includes 12’ door, 13’ ceilings, 3 phase power, 23o Volt/400 amp service. Gravel yard, 100 sq. ft. ofďŹ ce with shower & bathroom. Fire hydrant, 2 overhead cranes. $260,000 #129257: THE SOUTH PEACE UNITED CHURCH IS FOR SALE. OVER 11,000 SQ. FT. - Sanctuary, hall, kitchen, ofďŹ ces, and support services. Excellent corner location, zoned commercial, very good condition, ready for an ofďŹ ce conversion.

MISSION - 7 ACRES - $779,900 REDUCED IMMACULATE equestrian setup on a secluded and serene fertile acreage with access to small waterway for ďŹ shing, relaxing and eagle spotting. Renovated basement entry with beautiful maple kitchen, bay carousel eating area with million dollar mountain view, liv. rm, 3 large bdrms, 2 baths and room for extended family down with 2 bdrms, bath and kitchen.6 stall barn, 3 stall shedrow, 100 x 200 outdoor ring, 30 x 38 workshop, hay producing ďŹ eld plus grass and sand turnouts for horses. The property is fenced and xfenced and groomed to make your transition here effortless. Potential to run bed/bale/breakfast in this great location. You will not ďŹ nd any aws here - call today to view.

#129952 - FOR SALE OR LEASE Multi-purpose building, could have 4 separate units. Total of over 12,000 sq ft, upgrades include updated roof and furnaces Asking price is just $397,000

#130090 - currently leased located at 1512-97th Ave. Total of 4880 sq ft with 3360 sq ft of ofďŹ ce area and 1520 sg ft shop, 2-14ft doors. Existing lease shows over an 11% return. $425,000 #129593: COMMERCIAL BUILDING WITH BEER AND WINE STORE for sale (gross sales of $2,000,000). Great location in Dawson Creek, also 40 apartments, bar/restaurant area and commercial space. Asking $3,500,000. Call for more info.

#127545: NEW STRIP MALL has 4 available spaces left for lease, 1,750 sq ft each. Great location on 8th street between Tim Horton’s & The Brick. Lease rates start as low as $16/sq. ft Start your business here.

L A N D #129635: RESIDENTIAL DEVELOPMENT LANDS, 3 separate parcels 25, 79 and 116 acres. Superb location, the timing is right as we are expecting thousands of new people in the near future. #129877: ONE ACRE OF MULTIPLE RESIDENTIAL LAND suitable for 37 unit apartment or condo complex. Across from the hospital in a prime residential area of Dawson Creek. $179,000 #127836: SUBDIVISION FOR MOBILE HOMES! Total of 39 mobile lots are possible on this 4.6 acres, zoning in place, some services are already in, 3 lots have been subdivided. Call for more info. Asking $300,000

WILL BUILD TO SUIT - AIRPORT ONE ACRE LOTS Developer has 3 one acre lots in a row at the airport with highway frontage...will build a 5000 - 7,000 sq, ft. pre-engineered steel shop, provide a graveled and fenced yard with a 5 year lease starting at $ 14.00 per sq. ft. for the shell. Also willing to build and sell to tenant #127066: LOCATION, LOCATION, LOCATION 0.74 acres at the intersection of 17 Street and Alaska Highway. Ideal location for strip mall, service station, etc. $295,000 #127441: 80 ACRES OF INDUSTRIAL LAND with highway frontage, railway tracks, water and sewer in the City of Dawson Creek. Asking $31,250 per acre

SORRY, YOUR AD IS MISSING... COMMERCIAL REAL ESTATE, FRANCHISES & BUSINESS OPPORTUNITIES IN WESTERN CANADA For advertising information call 604-669-8500 or 1-800-661-6988 toll free anywhere in Canada or the USA.

Northern British Columbia B13

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

PRINCE GEORGE

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Invest in a lifestyle Two waterfront properties Ideal for recreational/residential development Parcel 1 - 55 acres, 3 titles $495,000 approx 1650’ of lakefront, easy access Parcel 2 - 26 acres, 2 titles $295,000 approx 1450’ of lakefront, hwy access 7.32 ac along the Nechako River $545,000 zoned res - not in the ALR - subdividable approx 460’ of riverfront, nicely treed easy access to downtown & UNBC Riverfront multiple res site 500,000 1.76 acres - approx 263’ of riverfront city water & sewer mains on road preliminary drawings for 13 townhomes Established Business For Sale $295,000 entertainment rental & event planning huge equipment list incl 3 cube vans over 15 years name recognition

Elaine Kienzle 250

563-8769

www.elainekienzle.com

— Your PRINCE GEORGE Commercial Professionals — "Bee-Lazee RV Park & Campground"

4350 Handlen Rd – ‘Court Ordered Sale’ 5,525 sq ft concrete block building on .99 Acres. Zoned C-6.

A 49 pad campground , plenty of room for expansion & a modern 2,000 sq ft bungalow on 77 Acres. Âź mile of frontage on Highway 97 South.

1440 – 2nd Ave.

9080 Penn Rd.

Extremely well maintained quality 5,386 sq ft OFFICE building. Vacant possession 2012.

FOR LEASE – 25,660 sq ft quality warehouse located in the Danson Industrial Park.

5083 & 5111 Domano Blvd.

1108 Boundary Rd.

FOR LEASE – Prime College Heights RETAIL/OFFICE space. Visually desirable location. Net Lease.

FOR SALE & LEASE - 9,000 sq ft cement block building on 2 Acres, fenced compound. Building has been renovated & updated. Land has been graded for proper drainage. 3-phase power.

1644 & 1840 – 1st Ave.

9543 & 9565 Anzac Cres.

FOR LEASE – Quality warehouse space.

FOR SALE - 1.88 Acres. Zoned M-2. Industrial lots, cleared, level & serviced.

The Endako Hotel

353 Victoria St.

Historic Endako Hotel fully renovated 9 guest rooms plus large management suite. Updated bar & grill. ProďŹ table and located in the centre of Northern B.C.’s resource activity.

FOR LEASE – Quality, visible 1,100 sq ft RETAIL space on 3rd and Victoria St. Net-Lease.

'Dutch Maid Laundromat'

#100 – 3320 Massey Dr.

BUSINESS ONLY – Established fully equipped laundromat. Price includes 32 washers, 33 dryers, tables, chairs, laundry carts, hand baskets, commercial shower & much more.

FOR LEASE – 2,000 sq ft quality RETAIL space. Beside ‘Princess Auto’ on Massey Dr. Zoned Z-3. Net-Lease.

2977 Ferry Ave.

1396 – 5th Ave.

FOR SALE - 0.8 Acres on corner of Ferry Ave. & Ospika Blvd. C-6 zoning.

FOR LEASE – 1,955 sq ft of professionally designed second-oor, top-quality OFFICE space. Gross rate lease.

www.pgcommercial.ca RE/MAX Centre City Realty Each ofďŹ ce is independently owned and operated

GEORGE Weinand

250-960-9556

KEN Goss

250-565-7653

THINK REAL ESTATE...The Best Investment on Earth

B14

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

FEATURE Hydro mega project forges ahead but investigationreveals flaws in cost and demand projections

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And in spite of lagging electricity sales, the WESTERN INVESTOR province also increased its demand forecast. he business plan for the province’s In a letter to Business next mega project – BC Hydro’s in Vancouver in August, $7.9 billion Site C hydroelectric Coleman said the provdam – is rife with problems, according to an ince’s energy requireinvestigation by Business in Vancouver. ments over the next 20 The investigation has revealed that the years were expected to electricity forecasts the province is using to soar 40 per cent based justify the project contradict historic increases on population growth in demand and the cost to produce electricity in excess of one million from the dam is more than what taxpayers pay people. for energy today. On top of that, the dam would However, between flood an area of prime agricultural land roughly BC Hydro says Site C will help meet a 40 per cent increase in 1991 and 2011, B.C.’s electricity demand over next 20 years. 13 times the size of Stanley Park. population climbed 36 The Liberal government has also removed billion. per cent to approximately 4.5 million people. the taxpayer-funded project from the oversight Last year, Campbell flew into Hudson’s During the same period, domestic electricity of the British Columbia Utilities Commission Hope to announce that his government was demand in B.C. climbed 25 per cent to 50,607 (BCUC), a policy that even Site C’s supporters again proceeding with Site C. GWh. don’t agree with. At the time, Campbell said the project would That means electricity demand growth actuAnd even though the provincial and federal produce some 4,600 gigawatt hours (GWh) of ally lagged population growth, the opposite of environmental assessment offices have yet electricity per year, enough to power roughly what the government claims in its justification to complete independent assessments of the 410,000 homes. for Site C. project, Energy Minister Rich Coleman has He added that it would produce clean energy, In fact, over the last five years, BC Hydro’s said the province is committed to building the create up to 35,000 jobs and help the province electricity requirements have declined 11 per dam. reach its goal to become electricity self-suffi- cent. “Site C will be a project that’s going ahead,” cient. Coleman told reporters in August. “It’s a proj- What he didn’t advertise was that the project 1PXFSJOH PJM BOE HBT ect that we’ve already committed to.” would wipe out 5,340 hectares of prime agri- Peace Valley Environment Associationbiolocultural land. “We’ll lose our place, most of gist Diane Culling believes that, despite the our land, probably our home, our house,” said government’s claims that Site C would gen-BOE MPTT erate enough energy to keep the lights on for Ken and Arlene Boon are the third generation Ken. in their family to farm the nutrient-rich land 450,000 homes, the project is meant to power next to the Peace River known as Bear Flat, in %FNBOE GPSFDBTUT resource companies. one of the province’s most productive agricul- At the time, the government claimed that the “We always talk in terms of 450,000 homes,” tural regions. province’s electricity demand would grow 20 said Culling. “[But] no one is talking about In 1983, the BCUC rejected the govern- per cent to 40 per cent over the next 20 years. sending this power to the Horn River Basin ment’s plan to build the dam, citing the need A year later, the province upped the scale and the oil and gas industry.” Around the same time the Campbell governfor a more accurate electricity demand fore- of the project again, envisioning a $7.9 billion cast and alternatives to the project. But in 2004, hydroelectric dam that would produce 5,100 ment pulled Site C out of storage, it also began then-premier Gordon Campbell dusted off the GWh of electricity per year, or enough to to cash in on massive natural gas reserves in northeast B.C. The industry has since become plan, envisioning a project that would cost $3.2 power 450,000 homes. JOEL MCKAY/BIV

Photo: BC Hydro

5

a $6 billion per year cash cow. When asked about the electricity demand projections, BC Hydro’s Mike Savidant said industrial activity would become a significant driver of the growth in electricity demand in the coming years. “We do see that load growth increasing much more significantly,” Savidant said. A closer look at BC Hydro’s latest forecast report revealed that electricity demand from metal mines is projected to jump 91 per cent in the next 20 years, while coal-mine demand is expected to increase 50 per cent. But the real industrial growth comes from the oil and gas sector, where electricity demand is expected to soar a whopping 461 per cent. Despite that growth, BC Hydro’s corporate customers pay less for power than the average citizen. Large industrial customers paid approximately $45 per megawatt hour (MWh) of electricity in 2011 compared with $77 per MWh for residential customers, according to BC Hydro’s annual report.

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In the Peace Valley, the talk is all about direct impacts. In BC Hydro’s Site C project description report, the utility conceded the project would flood an area 13 times the size of Stanley Park. For the Boons it’s not about the money. In addition to farming, they have restored one of the area’s original schoolhouses and a post office, and even transformed one building into a small museum. “You can’t put a price on memories … you can’t relocate and still have the same value of what you have here,” said Arlene. “It’s priceless.” But although the Boons fear that the dam will force them to leave Bear Flat, they don’t believe it will ever be built. “I think it’s political suicide,” said Ken. “When it comes down to the crunch I don’t see how the government … would win with Site C. I think it’s a loser, and I really don’t think it’s ever going to happen.”◆

/PSUIFSO #SJUJTI $PMVNCJB

Marketing commercial real estate in Western Canada. In Print. On Line. NOVEMBER ISSUE: AD DEADLINE OCTOBER 11

Report: U.S. Residential investments Strip malls Best 10 business towns in the West NAIOP development cost survey Franchise News Recreational Properties

Every Month!

Regional Roundups: BC: Vancouver AB: Cochrane Spotlight: Weyburn, SK

Advertise. Subscribe. Make More Deals. 1-800-661-6988 In Print. On Line.

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Online! New stories every week

Alberta B15

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

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NEEDS SHOPS and SERVICES

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Fabulous Corner Ocean/ Mountain View FOR LEASE Restaurant 2500 – 3500sf Professional & personal services 750 – 2000sf WE NEED: Hardware and Niche Shops (like Sidney BC)

Comox Centre Mall

:EMDJEMD We’ll make it easy and help build your store BE READY TO OPEN 2012

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featuring a number of unique features, no differed maintenance, plus excellent curb appeal and exposure, well located in a region of tremendous economic diversity that should provide a signiďŹ cant degree of operational upside going forward. Asking $13,200,000. • A Flagged 102 Room Full Service Hotel well located in a prime commercial area of a dynamic city, the stellar performance of its operation is attested to by its continuous outstanding growth in revenues, plus substantial up-side potential. Asking $12,900,000. • A Flagged 95 Room Limited Service Hotel consisting of a variety of suites, well located with highway exposure and surrounded by a substantial number of conveniences, continued superb revenue performances that yield substantial N.O.I. that ultimately result in excellent return on equity and investment. Asking $13,900,000. • A Flagged Full Service Hotel, well located with highway exposure in a very diverse economic area, attested to by its continuously strong revenue performances; further, it currently has exceptionally good mortgage ďŹ nancing that may be assumed. The up-side potential of an investment is this Hotel is very good. Asking $29,000,000. • A Flagged 48 Room Limited Service Hotel featuring indoor Swimming pool among its other amenities, very well located on a service road that gives it highway exposure, outstanding Revenue/ occupancy performances. Asking $4,900,000. • 4.6 Acres of Vacant Prime Commercial Land available for immediate Development in a most sought after location with main artery exposure and very high daily vehicle trafďŹ c count, priced for immediate sale at an asking price of $4,100,000. • Located in a very popular Ski Resort ANew Deluxe 2 - Bedroom Condo consisting of 2 bathrooms, ďŹ replace, cable among the many other superb Features, plus the many amenities such as swimming pool, sauna, ďŹ tness center, indoor parking to name a few within the Building Complex. Immediate possession available, a great buy with cash to an existing mortgage of $330,900 more or less, at the Asking Price of $499,000.

Businesses, Investments, Sales and Lease Information Visit www.advantagecommercial.ca

or call

403-346-6655

BUSINESS FOR SALE! - Speciality Service business in Calgary - Very proďŹ table; great margins - 30 + years in business with multiple owners - Good location and lease - Minimal staff required; easy to learn - Price: $650,000

$)&$, 64 065

Tim Walsh, Commercial RealtorÂŽ Direct: (403)239-5100 Calgary, Alberta

Tim Walsh, Commercial REALTORŽ • Direct: (403)239-5100 Email: info@BestAlbertaRealEstate.com www.BestAlbertaRealEstate.com

www.strongbridge.ca Go to

CURRENT OFFERINGS

CENTRAL ALBERTA

is looking for Multi-Family units, Condo Conversions & Commercial Strip Malls

Brent J @ 604 230 6290 – Ab`]\UP`WRUS @3/: 3AB/B3 1=@> projects/comm/comox

f • A Superb 103 Room Limited Service Hotel,

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BEAUX Properties International For further info contact: Lorne Ryz 1-888-229-0007 Toll Free Email: lorne@beauxproperties.com

Bring your fresh ideas and build your business Local captive area +/- 16000 pop with steady $

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ATTENTION SELLERS!

CENTRAL ALBERTA

Opportunities! development land BENTLEY, AB

2 full quarters on the North side of Bentley overlooking Gull Lake - Âź currently annexed while other is slated for annexation

$2,500,000 prime commercial lot SYLVAN LAKE, AB

$479,900

prime development opportunity Almost 12,000 sq ft of commercial land for development conveniently located next to Servus Credit Union

194 ac - perfect for subdivision GULL LAKE, AB

$4,650,000

Gull Lake is popular for its recreation, great fishing, & centrally located between Calgary and Edmonton.

commercial lease space & a penthouse suite SYLVAN LAKE, AB

Three storey commercial building in the heart of downtown with 3500 Sq Ft upscale penthouse.

commercial building on busy main street

$675,000

$779,900

For sale or lease, 3200 Sq Ft building sits on 2 lots gives 6925 Sq Ft of land only a minute from the beach.

More than 25,000 sq ft of hwy frontage on Sylvan Lake's main street, zoned for oďŹƒce, professional or retail use.

pre-approved for 31 units SYLVAN LAKE, AB

$699,000

Perfect for a multi-family development - .84 acre lot in the heart of Sylvan Lake close to the multi-plex.

building & paved parking across from lake SYLVAN LAKE, AB

$1,999,000

$2,100,000 SYLVAN LAKE, AB

SYLVAN LAKE, AB

For sale or lease, this 3 lot property on busy lakeshore drive is fully set up for a restaurant or fast food business.

multiple spaces & lots available in the busiest corner SYLVAN LAKE, AB

Located right in Sylvan Lake's newest & largest shopping hub is situated on the corner of busy 47 Avenue & Hwy 20

Call 1-888-652-7281 or email: info@trilliantrealty.ca

www.TrilliantRealty.ca

For more information on any of the many opportunities in the Sylvan Lake & Red Deer areas

VISIT OUR WEBSITE AT: www.calgaryland.net

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$"-("3: "3&" %&7&-01.&/5 -"/%4 EAST CALGARY - 84 ST. SE 98 Acres near Stoney Trail $15.6 Million ROCKY MOUNTAIN HOUSE Golf Course, Campground and Development Land. 303 Acres, Zoned Recreational $3.79 Million ROCKY VIEW 160 Acres on Country Hills Boulevard $5.6 Million EAST CALGARY - 17TH AVE SE 160 Acres near Stoney Trail $20 Million EAST CALGARY RY - 844 St. NE near Stoney 160 Acres ne ear Sto oney Trail Trai $32 M Million illion EAST CALGARY - 17 Ave SE 13.52 Acres Stoney Trail Frontage $6.76 Million CHESTERMERE - SIERRA VISTA Single & Multi Family, Retail, Golf Course, Area Structure Plan. 5-7 Units Per Acre 53 Acres - $6.9 Million 88 Acres - $10.2 Million 140 Acres - $18.2 Million 160 Acres - $20.7 Million

KEVIN MOORE (403) 617-2846 XXX DBMHBSZMBOE OFU

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B16 Alberta

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

Rocky Mountain House, AB • FOR LEASE - 3600 sqft Commercial Retail Building • Corner lot with high exposure • Ideal for oil/gas industry suppliers or Safety Training and Sales • Great opportunity for new business or expansion

CALL IRWIN @ 403-844-1581 OR JAN @ 403-844-6849

• 45 Unit Motel Pincher Creek, Alberta - $2,590,000 • 8800 sqft Sublease office - Highfield - Calgary • Alberta Multi-family buildings - 6 to 1500+ units • Restaurant & Bar - High River Alberta - $2.7M • Former School for lease 27,000 sqft S.E. Calgary • Live/Work in Inglewood - Newer Condo $394,000 • 33 Unit apartment building condo title - $3,465,000 • 5625 sqft Retail Building on 4 Acres - Langdon $1,495,000 • Prime Beltline Development Site Construction Underway $7,775,000 • Franchise Restaurants - Chicago Deep Dish Pizza - WOK BOX $299,000 • 4900 sqft Industrial / Office Condo N.E. Calgary - $595,000 • 1200 sqft Industrial Condo - N.E. Calgary - $290,000 • 24 units close to University, Childrens Hospital, LRT - $4M

Bus: (403) 240-4000 www.toolepeet.com

www.cwedm.com

CUSHMAN & WAKEFIELD EDMONTON 2300 Sunlife Building, 10123 - 99 Street, Edmonton, AB T5J 3H1

780-420-1177

investment@cwedm.com

MULTI-FAMILY OPPORTUNITIES •Development Sites: 8 to 160 acres; off highway 63 in Wandering River; last community before Fort McMurray; Judicial Sale •17 units; central location; concrete construction; new roof and windows. •29 units in 2 buildings in Wetaskiwin; 80% 2-bdms •3.83 acres prime dev. land in Windermere, SW Edmonton •Highrise site on Jasper Ave; 15,000 s.f. across from River Valley; improved with 2 apt. bldgs. (17 units) •Highrise site in Rutherford; 1.02 acres zoned for 105 units in dynamic area •Stony Plain development site; zoned apt. & attached homes •High density dev. sites & apt. opportunities in Wetaskiwin Apartment product is in demand! Please call for our opinion of value of your building!

CHRISTOPHER KAMPHIUS or RAPHAEL YAU multifamily@cwedm.com

COMMERCIAL CONDOS •3,000 – 9,000 sq. ft.; located at intersection of Fort Road, Wayne Gretsky Drive & Yellowhead; $130/ sq. ft. CONTACT BURKE SMITH

burke.smith@cwedm.com

DEVELOPMENT OPPORTUNITIES +/- 19,701.20 SQ FT: Vacant serviced site

in NE Edmonton. Zoned CB1 (Low Intensity Business Zone) ......................................... $395,000 +/- 0.947 ACRES: in Valemount, BC. Zoned C3 (Service Commercial) ................................ $49,500 +/- 1.05 ACRES: in Valemount, BC. Zoned HC (Highway Tourist Commercial) .............$455,000 +/- 3.84 ACRES: in SW Edmonton, Zoned IB (Industrial Business) ............................. $3,500,000 +/- 1.85 ACRES: in NE Edmonton on 50th Street ............................................. $1,295,000 +/- 0.31 ACRES: high visibilty location on 111 Avenue ....................................................... $610,000 CONTACT JEFF MCCAMMON OR DOUG BAUER

INVESTMENT SALES

SHERWOOD PARK LAND - $26,000,000 • 150 acre site along Broadmoor Blvd. • Area Structure Plan approved for Commercial and Industrial CONTACT IAN NEWMAN OR MIKE PARKER

STETTLER MALL STETTLER, AB • ±91,403 sq. ft. on 10.21 acres anchored by The Brick, Peavey Mart and ATB • Just $65.00 / sq. ft. • Located in the heart of Alberta

WESTLOCK MALL WESTLOCK, AB • ±64,218 sq. ft. on 5 acres anchored by Peavey Mart and The Bargain Shop • $51.40 / sq. ft. • Attractive returns

CONTACT DAVID COONEY / DOUG FOGG OR HOWARD McCANN

SPRUCE GROVE DEVELOPMENT LAND • Adjacent to Superstore and Home Depot • Parcels from 1 - 3.75 acres • Great owner/user land, join Mac's

CONTACT DOUG FOGG OR MARK McCANN

FORT MCMURRAY, AB • Former Fort Theatre • 36,400 sq. ft. site which includes a 14,500 sq. ft. building

CONTACT DOUG RAE

FULLY LEASED OFFICE BUILDING INVESTMENT • Leased to very large multinational construction company • Net lease • Asking $8,290,000 CONTACT JOHN CROFT

john.croft@cwedm.com

MERRITT, BRITISH COLUMBIA • ±12,000 sq. ft. free-standing building for Sale or Lease • Includes bonus parking lot • Lease: $6.00/sq. ft. Sale: $850,000

CONTACT murry.osborne@cwedm.com or scott.sowinski@cwedm.com

FORMER WAL-MART MEDICINE HAT, AB • High profile redevelopment opportunity • 12.95 acres / 100,287 s.f. building • $10,000,000

CONTACT HOWARD McCANN OR MARK McCANN

DUGGAN MALL CAMROSE, AB • ±65,136 sq. ft. separately titled dept. store anchoring a major enclosed shopping centre; asking $4 Million ($61.40/sq. ft.)

MULHURST BAY CROSSING DEVELOPMENT LAND • 132.4 acres on Pigeon Lake • Area Structure Plan approved • 207 dwelling units • 200 site R/V seasonal park • 10.28 acres commercial development site

CONTACT JEFF McCAMMON OR DOUG BAUER

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

Recreational Real Estate HOT PROPERTIES B17

RECREATION FEATURE Prices spike but Vancouver Island resort may still offer best oceanfront deals in B.C.

8JME $PBTU SBJTFT UIF BOUF FRANK O’BRIEN WESTERN INVESTOR he developers of Wild Coast Cottages in Port Renfrew on Vancouver Island have released Phase 2 of the Water’s Edge at Wild Coast Cottages a full year ahead of schedule.

Thanks to the success of the 40 Phase 1 cottages, each measuring 400 square feet and priced from $149,900, Phase 2 is seeing early construction of 23 new 515-to-650-square-foot waterfront cottages. “The cottages in the Water’s Edge phase are the perfect vacation getaway for buyers looking for a bit more space and a spectacular ocean view,” said Ben Mycroft, Port Renfrew project manager for Three Point Properties. “These 23 new cottages feature the same quality West Coast design.” But the prices are higher, though Mycroft says they remain the lowest waterfront cottage prices on the Island. Each of the larger new units of Water’s Edge at Wild Coast Cottages feature two bedrooms and is priced between $249,000 and $399,000 (lot and HST included). Features of the Water’s Edge pre-fab cottages include vaulted exposed-beam ceilings, natural wood detailing and large covered decks. The cottages sleep up to six people and may be rented out. Buyers have priority access to the property’s new marina, located on-site. Three Point Properties will also facilitate shared ownership purchases, according to Mycroft. Three Point expects to share in a market that research shows is the top destination for vaca-

Photos: Wild Coast Cottages

5

(RIGHT) Waterfront cottages start at $249,000 – up about $100,000 from the first phase at Wild Coast Cottages – which includes access to a marina (LEFT) on the west coast of Vancouver Island at Port Renfrew.

tion buyers from both B.C. and Alberta.

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Research in 2011’s first quarter by RareEarth Project Marketing found that vacation homebuyers looked to Vancouver Island first. RareEarth previously handled marketing of Black Rock Oceanfront Resort in Ucluelet, Victoria’s boutique Oswego Hotel and the Whittakers development in Pender Harbour (as well as several Okanagan properties). The survey contacted 1,000 people in B.C., Alberta and Saskatchewan, 61 per cent of whom preferred Vancouver Island over the Okanagan (56 per cent) and the U.S. (47 per cent).

The research supports RareEarth’s efforts to market the new Comox Bay Marina and Residences, a $30 million project Howard Land Group is developing on the Comox waterfront. Prices for the Comox project start in the mid$200,000s, while the average house in the area sells for nearly $350,000. The appeal of Vancouver Island real estate is also linked to price, according to Randy Forbes of Coast Realty Group, who points to waterfront lots and new condo projects as among the best investor buys on the Island. Housing sales are slowly rising in most parts of the Island north of Victoria, according to the Vancouver Island Real Estate Board. Regional sales of detached houses were up

13 per cent in August from a year earlier and were 6 per cent higher than in July. The average price of a single-family house sold in August was $345,866, up 3 per cent from a year earlier. The board estimates there are about 3,100 residential properties listed for sale, slightly higher than last year. For the 12-month period from the end o f August 2010 to August 2011, average sale prices across the region were: Campbell River down 3 per cent to $278,696; the Comox Valley up 7 per cent to $347,383; Nanaimo up 5 per cent to $365,537; and Parksville/Qualicum up 2 per cent to $398,358. Prices in the Port Alberni West Coast area slipped 2 per cent to $262,032 and the Cowichan Valley was down 8 per cent to $336,414, the board reports.◆

Opportunities abound EXPLORE BUSINESS INVESTMENT OPPORTUNITIES IN ALBERTA’S TOURISM SECTOR Alberta Tourism, Parks and Recreation invites you to discover tourism investment opportunities from across the province, including: • Hotels and lodging opportunities • Four Season Resorts • Golf course developments …and many other exciting initiatives. Please join us at the Tourism Investment Forum on Wednesday, November 9th in downtown Edmonton at the Shaw Conference Centre to explore and discuss upcoming tourism investment opportunities in Alberta. Time: 2:00 – 7:00 p.m. Place: Shaw Conference Centre Salons 10-12 9797 Jasper Avenue N.W. Edmonton, Alberta The Ministry of Tourism, Parks and Recreation looks forward to hosting this free event. For more information and to RSVP, email Scott.Martin@gov.ab.ca or call toll-free by dialing 310-0000 then (780)415-8827

B18 Recreational Real Estate HOT PROPERTIES sss

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR s

“The Source” for Oceanfront, Lakefront, Islands, Ranches, Resorts & Land in BC at:

www.landquest.com LandQuest Realty Corp SmithersÊqÊ i ÃÊ Ài LandQuest Realty Corp CourtenayÊqÊ ÕÀÌÊ i Ãi

LandQuest Realty Corp NanaimoÊqÊ i> Ê Õ `Þ LandQuest Realty Corp Cariboo – >ÀÃ Ê ÀÜ>À`

PARKLANDS AT DENMAN ISLAND COURT ORDERED SALE

CORDERO LODGE WEST COAST, BC

RIVERFRONT HOBBY FARM DEAN RIVER

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BC’S SHUSWAP LAKE 1.23 ACRE VIEW LOT

NORTHERN BC - TIMBERED WATERFRONT ACREAGE

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RV SITES FROM $39,900 HOPE, BC

UÊ Ài>ÌÊë ÌÊv ÀÊ- ÜL À`ÃÊ ÀÊÀiÌ Àiià UÊ {nÊà ÌiÃÊv ÀÊÃ> iÊ ÊÓnÊ Ê* >ÃiÊ£ UÊ "«i Ê «À Ê£Ê Ê Ûi LiÀÊ£Ê UÊ ÝÌÀ>Ê >À}iÊà ÌiÃÊ ÊÌÀii` UÊ f ä°ääÊ Ì ÞÊviiÊ V Õ`iÃÊiÛiÀÞÌ } UÊ £Ê£ÉÓÊ ÕÀÃÊÌ Ê6> V ÕÛiÀÊÊÊÊÊÊ UÊ *À ViÃÊvÀ Ê$39,900 - $45,500 + GST = NO HSTÊ

2ON 3VISDAHL RON LANDQUEST COM

"RIAN (ARRIS BRIAN LANDQUEST COM

INDUSTRIAL/MANUFACTURING BUILDING & LAND - SMITHERS, BC

GRANDBY RIVER RANCH

SLOCAN VALLEY

UÊ Îx]ÓäävÌÔÊÃÌii ÊL `}°ÊÓ £ÈÝ£ Ê ÛiÀ i>`Ê` Àà UÊ ÇÊ>VÀiðÊ{ääÊ> «]ÊÈääÊÛ ÌÊÃiÀÛ Vi UÊ £ÓÊ vv ViÃ]ÊL >À`ÊÀ ]Ê iiÌ }ÊÀ UÊ « ÞiiÊÕÌ ÌÞÊÀ ]Ê >LÉ«À iVÌÃÊÀ UÊ *>ÀÌÊ vÊ«À «iÀÌÞÊ >ÃÊÀi} ÃÌiÀi`Ê i>ÃiÊ Ê « >ViÊUÊ< i`Ê i` Õ Ê `ÕÃÌÀ > UÊ $3,200,000

UÊ "ÛiÀÊÓääÊ>VÀiÃÊ ÊÌ iÊ À> `LÞÊ, ÛiÀ UÊ ÓäÊ ÃÊ ÀÌ Ê vÊ À> `Ê À Ã]Ê

UÊ Ó]ÇääÊõÊvÌÊÀivÕÀL à i`Ê iÃÌi>`ÉV ÀV>Ê£ £Ó UÊ "Ü iÀÊEÊÀ> V > `ÊÀià `i Vià UÊ 6>À ÕÃÊL>À ÃÊ> `Ê ÕÌLÕ ` }à UÊ V iÊvÀ Ê}ÕiÃÌÃÊ> `Ê >ÞÊ«À `ÕVÌ UÊ $2M

UÊ £äÊÕ Ì ÕV i`Ê>VÀiÃÊ i>ÀÊ7 >Ü UÊ * ÜiÀÊ>ÌÊ ÌÊ iÊ UÊ -«À }Êvi`ÊVÀii ÊÜ Ì ÊÜ>ÌiÀÊ Vi Vi UÊ 7> ÊÌ Ê6> iÞÊ6 iÜÊ vÊ ÕÀÃi UÊ i>Ài`ÊLÕ ` }Êà ÌiÊ i>ÀÊÀ >` UÊ $129,000

"RIAN (ARRIS BRIAN LANDQUEST COM

$ENIS $ORE DENIS LANDQUEST COM

$ENIS $ORE DENIS LANDQUEST COM

,ARRY ,AING LARRY LANDQUEST COM

,ARRY ,AING LARRY LANDQUEST COM

PORT BROWNING MARINA RESORT SOUTHERN GULF ISLANDS

POPEYE’S LOCKERS & STORAGE - SECHELT, BC

NORWOOD RANCH COURTENAY

NEW PRICES - THE POINT DENMAN ISLAND

150 MILE HOUSE RANCHER ON PRIVATE ACREAGE

UÊ -iÀ ÕÃÊ iÛi « i ÌÊ* Ìi Ì > UÊ >À >Ê,ià ÀÌÊÜÉÊiÝVi i ÌÊV>à Êv Ü UÊ >LÕ ÕÃÊ*i `iÀÊ Ã > `Ê V>Ì UÊ x°ÎÎÊ>VÀiÃÊ ÜÊL> Ê Vi> vÀ Ì UÊ >À >]ÊÀiÃÌ>ÕÀ> ÌÊEÊ«ÕL UÊ Óä½Ê Vi> vÀ Ì]Êv Àià ÀiÊ i>Ãi UÊ $4,800,000 $AVE #OCHLAN DAVE LANDQUEST COM

RENTAL INVESTMENT VAVENBY

UÊ ÕL iÊÜ `iÊ `Õ >À UÊ >À}iÊV ÌÞÊ Ì UÊ 7> }Ê` ÃÌ> ViÊÌ Êi i i Ì>ÀÞÊÃV UÊ ÃiÊÌ Ê>Ài>ÊÃ>Ü Êv ÀÊÜ À UÊ Ài>`ÞÊÌi > Ìi` UÊ Ài>ÌÊ «« ÀÌÕ ÌÞ UÊ $109,900 (EATHER AND -IKE $ILLON HEATHERANDMIKE LANDQUEST COM

JERVIS INLET

UÊ*À v Ì>L iÊÃi v ÃÌ À>}iÊLÕà iÃÃÊ UÊ/ÕÀ iÞÊÜÉÊ} `ÊÌÀ>vv VÊiÝ« ÃÕÀiÊ UÊ£{ ÊÃÌ À>}iÊÕ ÌÃÊvÀ ÊnÝnÊÌ ÊnÝ{ä UÊ Õ `ÊLiÊiÝ«> `i`ÊÌ Ê{xäÊÕ Ìà UÊ >À}iÊà «]Ê vv ViÊEÊÀià `i Vi UÊ"«i ÊÃÌ À>}iÊv ÀÊ,6½Ã]ÊL >ÌÃÊiÌV° UÊ$875,000

UÊ£äÊ ÕÌiÃÊvÀ Ê` Ü Ì Ü Ê ÕÀÌi >ÞÊ UÊÈ{°ÓÇÊ>VÀiÃÊ Ê ÃÌ ÞÊ Ê«>ÃÌÕÀiÊ UÊ ÀÃiÊL >À` }Ê ÊÓxÊÃÌ> ÃÊ UÊ-iÛiÀ> ÊÀi Ì> ÊÕ Ìà UÊ*>À ÊEÊ/Ã Õ Ê, ÛiÀÊ>VÀ ÃÃÊÌ iÊÃÌÀiiÌÊ UÊ Õ}iÊL>À ÊEÊÀ `i Ê>Ài >Ê UÊ i}i `>ÀÞʺ >À Ê > ViûÊÊÊ $995,000

UÊ ià } iÀÊÛ iÞ>À`ÉÜ iÀÞÊ>VÀi>}iÊ­£{Î>V®Ê UÊxÊ Ê >À}iÊÜ>ÌiÀvÀ ÌÊ>VÀi>}iÃÊ­xÊÌ Ê£xÊ>V®Ê UÊ6iÀÞÊ«À Û>ÌiÊ UÊ-Õ Þ]ÊÜ>À Ê V>Ì Ê UÊ1 `iÀ}À Õ `Ê« ÜiÀÊ UÊ-ÌÕ }ÊÛ iÜÃÊEÊ Vi ÞÊÌÀii`Ê UÊ À Ê$325,000

UÊ ÝiVÕÌ ÛiÊ iÊ ÛiÀÊÎ]äääÊõÊvÌ UÊ*À Û>ÌiÊÎÈÊ>VÀiÃÊÜ Ì ÊÓÊÌ Ì ià UÊ ÕÀÀi Ì ÞÊLi }ÊÕÌ âi`Ê>ÃÊ ÊEÊ UÊ Õ}iÊà «Êv ÀÊ >` UÊ-iÛiÀ> Ê ÕÌLÕ ` }ÃÊv ÀÊÞ ÕÀÊVÀ ÌÌiÀà UÊÈÈÊÝÊ£{]ÊÓääÈÊÀi Ì> Ê L iÊ U $1,295,000

+URT .IELSEN KURT LANDQUEST COM

(EATHER AND -IKE $ILLON HEATHERANDMIKE LANDQUEST COM

1,600 ACRE TIMBER PROPERTY 4.9 ACRE OCEANFRONT ESTATE INDIAN ARM - NORTH SHORE, BC EXCELLENT REVENUE POTENTIAL

GREENWOOD MOTEL & RV PARK REVENUE PRODUCER

INDIAN ROCK RANCH - FAMILY FARM - LITTLE FORT, BC

UÊ "vviÀi`Êv ÀÊÃ> iÊv ÀÊÌ iÊv ÀÃÌÊÌ iÊ UÊ >À}iÊ iÊÜÉÊÃi«>À>ÌiÊÃÕ ÌiÊ UÊ VÀ Ê Þ`À ]ÊÃ >ÀÊEÊÜ `Ê« ÜiÀÊ UÊ i>ÕÌ vÕ ÞÊ > `ÃV>«i`ÊÊ UÊ >À}iÊÜ À Ã «ÊÉÊÛiÀÞÊ«À Û>ÌiÊ UÊ >À}iÊ` V ÉÊÜ>ÌiÀÊ>VViÃÃÊ ÞÊ U $2,285,000

UÊ 7 À `½ÃÊ ÞÊ > `ÊÌi «iÀ>ÌiÊÀ> v ÀiÃÌ UÊ ÃÌ >Ìi`Êf{ÊÌ ÊfÇÊ ÊÃÌ> ` }ÊÌ LiÀÊ UÊ 6>À ÕÃÊÌÀiiÊëiV iÃÊ V Õ` }\Ê-«ÀÕVi]Ê i V ]Ê9iÜ]Ê ÀV ]Ê >« i]Ê i`>ÀÊ> `Ê ÀÊ UÊ -Ì>ÀÌ }Ê*À ViÊ$1,990,700

UÊ £°{ÇÊ>VÀiÊÜÉÊ ÜÞÊvÀ Ì>}iÊ UÊ Ó]ÓääÊõÊvÌÊÎÊL`À Ê iÊ UÊ £ÓÊÕ ÌÊ Ìi Ê ÊxÊÜÉÊ ÌV i iÌÌiÃÊ UÊ £ÓÊÃiÀÛ Vi`Ê,6Êà ÌiÃʳÊÌi Ì }Ê>Ài>Ê UÊ -Ê ÌiÀ iÌ]ÊV>L i]ÊÃ> ÊÃÌ>Ì ]Êà ÜiÀÊ À Ê UÊ $540,000

#LIFFORD 3TONE CLIFFORD LANDQUEST COM

#LIFFORD 3TONE CLIFFORD LANDQUEST COM

#AMERON 3TONE CAMERON LANDQUEST COM

1939 HERITAGE BOUTIQUE HOTEL - POWELL RIVER, BC

OLD ENGLISH SEAFOOD & STEAKHOUSE - 100 MILE HOUSE

$AVE #OCHLAN DAVE LANDQUEST COM

+URT .IELSEN KURT LANDQUEST COM

UÊ £ Î Ê iÀ Ì>}iÊ ÕÌ µÕiÊ Ìi Ê UÊ ÊÀ Ã]Ê ii«iÀÃÊÀià `i Vi]ÊÀiÃÌ>ÕÀ> ÌÊ UÊ V>Ìi`Ê ÊÌ iÊ ÞÊ`ià } >Ìi`Ê >Ì > Ê iÀ Ì>}iÊ ÃÌÀ VÌÊ Ê7iÃÌiÀ Ê > >`> UÊ *iÀviVÌÊ viÃÌÞ iÊ «« ÀÌÕ ÌÞÊ Ê iÊ vÊ ½ÃÊ v iÃÌÊV Õ Ì ià UÊ ÜÊ$519,000

*ASON :ROBACK *AMIE :ROBACK

*ASON :ROBACK *AMIE :ROBACK

UÊ V>Ìi`Ê Ê 79Ê ÇÊ` Ü Ì Ü UÊ 7i ÊiÃÌ>L à i` UÊ /ÕÀ Ê iÞÊ «iÀ>Ì UÊ ÎäÊÃi>ÌÃÊ Ã `i UÊ µÕ ÀÊ Vi Ãi UÊ $49,500 +ONRAD - 3CHMID -EIL KONRAD LANDQUEST COM

#AMERON 3TONE CAMERON LANDQUEST COM

KOOTENAY LAKE VILLAGE - 35 KM TO NELSON DEVELOPMENT PROPERTY AT PENNIES ON THE DOLLAR

REDUCED

UÊ £]ÎääÊ>VÀiÃ]ÊÈ°{nÊ ÃÊ vÊ Vi> vÀ Ì UÊ ÎÊÌ Ì iÃÊ vÊ > `]ÊÓÊ Àià ÀiÊ Vi Ãià UÊ ,1ÓÊâ }Ê«iÀ ÌÃÊ£äÊ>VÀiÊ °Ê«>ÀVi ÊÊ Ã âià UÊ - } v V> ÌÊÌ LiÀÊV « i Ì UÊ iÝÌÊÌ ÊÜ À `Ê > ÕÃÊ*À ViÃÃÊ Õ Ã>Ê iÌ UÊ $3,750,000

UÊ £xÇÊ>VÀiÃÊ UÊ Î]nääÊõÊvÌÊÜiÃÌÊV >ÃÌÊÃÌÞ iÊ iÊ UÊ Ê}À Õ `Ê i>Ì }Ê« Ê UÊ }ÊV>L Ê ÊÃÌ À>}iÊà i`Ê UÊ iÀ Ì>}iÊ }ÊL>À Ê UÊ ÈäÊ>VÀiÃÊ Ê >ÞÊ UÊ $699,000

UÊ"«Ì Ê \ÊÓ Ê ÌÃÊfÎx]äääÉ ÌÆÊ UÊ"«Ì Ê \Ê£xÊ ÌÃÊf{{]äääÉ ÌÆÊ UÊ"«Ì Ê \Ê Ì ÀiÊ>VÀi>}iÊÓää³Ê ÌÃÊ vviÀÃ

UÊÇίÊÀi`ÕVÌ Ê Ê«À ViÊvÀ ÊÓäänÊÊÊÊÊ ÊÊÊ>««À> Ãi`ÊÛ> Õi UÊÊ 6Ê >ÃÊ ÕÌà `ÊÌ iÊÃÕ Ê vÊ> Ê Ì iÀÊ L>ÀiÊ > `Ê«À iVÌÃÊ Ê Ìi >ÞÊ > iÊ UÊÊ/ ÀiiÊ« >ÃiÃÊV « iÌi`Ê Ê `iÛi « i ÌÊÜ Ì ÊÈÊ ÀiÊ« >ÃiÃÊ « > i`Ê UÊ >Ì>L>ÃiÊ vÊLÕÞiÀÃÊ ii Ê Ê ÌÃÊ UÊÊ 6Êi Þi`Ê>Ê ä³¯ÊV ÛiÀÃ Ê vÊ µÕ> v i`ÊÛ iÜiÀÃÊ Ì Ê«ÕÀV >ÃiÀÃÊ UÊ À ÛiÜ>ÞÃÉ, >`ÃÊÀ Õ} i`Ê Êv ÀÊ£xÊ ÌÃÊ UÊ/Ài>Ì i ÌÊv>V ÌÞÊ Ê« >ViÊ UÊÊ } iiÀ }]ÊÀi}Õ >Ì ÀÞÊ>««À Û> ÃÊ EÊV ÃÌÀÕVÌ Ê«iÀ ÌÃÊ ÃÃÕi`Êv ÀÊ ÃiÀÛ V }

-ATT #AMERON MATT LANDQUEST COM 3AM (ODSON SAM LANDQUEST COM

Recreational Real Estate HOT PROPERTIES/Alberta

WESTERN INVESTOR OCTOBER 2011

Wate r

fron

B19

ALBERTA IS AGAIN MOVING!

t Lot

s

MOTELS & HOTELS

≥ FULL SERVICES63 Unit Motel with Rest., Pub,

≥PROVOST Brand new 44 unit motel. Asking $4.5M ≥CAMROSE 20 unit motel, (nice Ma & Pa

Liquor Store. Shows excellent Rev. Ask $7.7M

operation) upgraded and very clean, Asking $1.1M. HARDISTY New 44 unit Motel. NAMPA, ALBERTAin busy boom town, 16 unit motel, 100 seat lounge, VLTs, liquor store and restaurant. PRICE REDUCED TO $990,000! CAMROSE ALBERTA68 room, full services Hotel. REDUCED - NOW $4.0M.

OTHER INVESTMENTS

≥ ≥

≥DAYSLAND Convenience store and Gas Bar.,

≥

≥

Mechanical shop, all located on a 1.5 acre parcel with residence. Shows good revenue. Asking $375,000. CAMROSE, AB2 Side by Side, newer 4 plexes. Fully leased. Asking $560,000 each

FOR MORE INFORMATION CALL email:swancity@telusplanet.net www.swancityrealty.com

OREST:

780-679-8353 FAX: 780-672-1897 CAMROSE, ALBERTA

Nelson, BC

KOOTENAY LAKE VILLAGE Fall Price Reduction

Waterfront Lot 1 Lot 2 Lot 3 Lot 5 Lot 6 Lot 7 Lot 15 Lot 22 Lot 23 Lot 25 Lot 12 (view)

Original Price $495,000 $529,000 $549,000 $629,000 $549,000 $549,000 $725,000 $475,000 $475,000 $575,000 $169,000

Waterfront Homes 3 Bedroom $1,100,000 Cabin $795,000

Reductions $200,000 $180,000 $250,000 $180,000 $180,000 $190,000 $226,000 $116,000 $96,000 $146,000 $24,000

$275,000 $270,000

New Price $295,000 $349,000 $399,000 $449,000 $369,000 $359,000 $499,000 $359,000 $379,000 $429,000 $145,000

FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.

UÊ7i ÊiÃÌ>L à i` UÊ ` }Ê£ää½ÊÝÊ£xä½Ê Ì UÊ*ÀiÃi Ì ÞÊÓÊÃÌ ÀivÀ ÌÊÀi Ì> Ê V i UÊ7 Õ `Ê iÊÌ ÊÃi Ê«>V >}iÊ`i>

$825,000 $525,000

> Êv ÀÊ ÀiÊ v À >Ì ]Ê

Gerri SaundersÊJÊ(250) 632-2107Ê ÀÊ(250) 632-6638 Matt Cameron 604-694-7628 matt@landquest.com

Sam Hodson 604-694-7623 sam@landquest.com

www.kootenaylakevillage.com

www.landquest.com/klv

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October 27

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B20 Alberta

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

CAPITALIZE

ON EXPERIENCE BARCLAY STREET REAL ESTATE INVESTMENT OPPORTUNITIES FROM

WAGON WHEEL INDUSTRIAL

McDonald Lake

QEII

C

566

A

L

FOR SALE

G

A

DISTRIBUTION FACILITY

R

Y

FOR SALE

DEVELOPMENT LAND

INDUSTRIAL/FOOD PROCESSING FACILITY

Âą 160 ACRE SITE

35,381 SQ. FT.

(IGH 0LAINS )NDUSTRIAL !LBERTA

"RANDON 3TREET 3% #ALGARY !LBERTA

s !DJACENT TO 2ANGE 2OAD ONE HALF MILE SOUTH OF (IGHWAY ,OCATED WITHIN MINUTES OF THE #ROSS )RON -ILLS 2ETAIL AND #OMMERCIAL HUB 22 IS PAVED AND RUNS ALONG THE WEST BOUNDARY OF THE LAND s ,OCATED WITHIN THE (IGH 0LAINS )NDUSTRIAL DEVELOPMENT AREA IMMEDIATELY NORTH OF THE NEW 4ARGET $ISTRIBUTION CENTRE s %XISTING MEDIUM AND LIGHT INDUSTRIAL USES IN THE IMMEDIATE vicinity.

s #&)! REGISTERED s #OOLING STORAGE REFRIGERATED PROCESSING AREA TON s 7ASTE WATER TREATMENT ON SITE s $IRECT INTERIOR CONNECTION TO VersaCold storage facility s &ENCED PARKING

For more information or to view, please contact: DOUG GRINDE

GREG ALBRIGHT

P P

dgrinde@barclaystreet.com

FOR SALE

For more information or to view, please contact: GALBRIGHT BARCLAYSTREET COM

FOR SALE

30-SUITE APARTMENT BUILDING

P F

COMMERCIAL BUILDING

11817 22ND STREET WEST

1410 1ST STREET SW

3ASKATOON 3ASKATCHEWAN

Calgary, Alberta

SUITE MULTI FAMILY APARTMENT BUILDING ON ND 3TREET 3ASKATOON 4HIS LOW RISE IS IDEALLY LOCATED ALONG MAJOR TRANSPORTATION ROUTES AND IS WITHIN CLOSE PROXIMITY TO MAJOR AMENITIES SUCH AS 3T 0AUL S (OSPITAL AND NUMEROUS BANKS GROCERY STORES AND RETAIL OUTLETS 4HE BUILDING HAS BEEN RENOVATED FROM TOP TO BOTTOM WHICH MEANS MINIMAL YEARLY MAINTENANCE FEES AND PREMIUM RENTAL RATES .EW KITCHENS BATHROOMS APPLIANCES FLOORING AND DOORS IN EVERY SUITE

s 4HE PROPERTY IS IDEAL FOR AN OWNER USER OR CAN BE PURCHASED as an investment property to take full advantage of 1st 3TREET 37 WHICH SERVES AS A NEWLY DEVELOPED FASHION AND entertainment area of Calgary. s 4HE BUILDING HAS A GROSS FLOOR AREA OF SQ FT OVER THREE FLOORS. s :ONED ## #/2 n #ENTRE #ITY #OMMERCIAL #ORRIDOR $ISTRICT

For more information or to view, please contact: EARL ADELMAN DAVID WALLACH

eadelman@barclaystreet.com DWALLACH BARCLAYSTREET COM

COMMERCIAL REAL ESTATE

SOLUTIONS

For more information or to view, please contact:

P F

RICHARD LEWIS RYAN SWELIN

rlewis@barclaystreet.com rswelin@barclaystreet.com

Office, Retail, Industrial

Land, Investment

SALES AND LEASING

SALES

P F

Property Management

CALGARY OFFICE ƒ Suite 200, 407 – 8th Avenue SW Calgary, AB ƒ T2P 1E5 ƒ p: 403ƒ290ƒ0178 f: 403ƒ262ƒ1314 EDMONTON OFFICE ƒ 202, 2520 Ellwood Drive Edmonton, AB ƒ T6X 0A9 ƒ p: 780ƒ463ƒ3332

WWW.BARCLAYSTREET.COM

B21

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

REGIONAL ROUNDUP Famous for its auto dealers, Wetaskiwin gears up with manufacturing, air links

4IJGU UP PWFSESJWF DAVE HUSDAL WESTERN INVESTOR y Alberta standards, Wetaskiwin is no boom town. By the standards in most other provinces, it would be. The small city, just south of Edmonton has the highest per-capital auto sales in Canada with eight major car dealers and many other smaller lots. And now it is shifting gears.

While it is certainly influenced by the Alberta oilpatch, Wetaskiwin’s economy is more diverse. It’s dependent on everything from big-ticket retail trade – “Cars Cost Less in Wetaskiwin” goes the jingle known to Edmonton vehicle shoppers – to manufacturing, agriculture, transportation and logistics and the resource sector. Local developer Byron Reynolds and the City of Wetaskiwin are hoping to add aviation to that list as well, as leaseholders at Edmonton’s City Centre Airport look for alternative space for when that city’s downtown airfield is eventually closed and redeveloped. Looking to fly into a combined hangar/residence or business in Wetaskiwin? You might consider the merits of Skyport, a 90-lot airport subdivision, which you can drive up to or fly into. Every fully serviced lot in Skyport will have direct access to a paved taxi-way and the lit 1.2-kilometre asphalt runway, notes the Skyport website. Unlike most airport properties, Skyport lots are sold, not leased, and lots can be used for a wide variety of purposes including hangarresidence combinations. Lots start at around $109,000. The development comes from a private developer, though the city manages the airport and provides services to site, where unique zoning creates the potential for a wide mix of business and residential/general aviation uses. Reynolds has already sold several fully ser-

Photos: City of Wetaskiwin

#

(TOP RIGHT) Plans are in the air for a unique Skyport development, a 90-lot airport subdivision, which buyers can drive up to or fly into. Every fully serviced lot will have direct access to the 1.2-kilometre asphalt runway. (BELOW) Supreme Industries manufactures large agri equipment, such as this vertical feed processor destined for a dairy farm in Saudi Arabia. (TOP LEFT) Wetaskiwin’s “auto mile” has eight major dealerships and Canada’s highest per-capita auto sales.

vice lots in Phase 1 of the project, and will be ready to start Phase 2 once Phase 1 is 75 per cent sold. Aviation businesses in Edmonton have expressed interest in the project, but haven’t yet made a move to relocate to a 2.6acre parcel ideal for businesses with a dozen employees. “We’re getting lots of people that are showing some interest,” said Reynolds, whose family is also active in traditional development in the community. “At some point in time, somebody’s going to commit to it.”

3FUBJM

Skyport and “auto mile” are not the only action in town. “The auto dealers have the potential to support an even larger group of retailers, no question,” the city’s economic development

manager Ron Holland said of the drawing power of some of the community’s higherprofile businesses. And with the city preparing to proceed in 2012 with the first phase of a major overhaul of Main Street/50th Avenue, Wetaskiwin is polishing its appeal as a place to do business, he said. The ambitious $11.5-million project envisions replacement of nine blocks of underground infrastructure over a three-year period. The road above 80-and-90-year-old pipes will be rebuilt as well, leaving opportunities for everything from decorative streetscaping to enhancement of historic buildings under Alberta’s Main Street program. As well, notes Holland, the city appears close – with the help of its neighbours – to proceeding with a new multi-use recreation facility

with an estimated price tag in the $18 million range. That complex would replace an aging aquatic centre and offer other benefits. It’s not a slam dunk at this point, says Holland, but with Wetaskiwin County willing to drop $4 million into the complex and First Nations communities to the south also possibly offering support, the new facility could well go ahead in 2012. “It will not be a unanimous decision but it’s likely to pass,” Holland said of the new complex, the need for which is based significantly on the shape of the current facility. Growth in Wetaskiwin hasn’t been spectacular. It’s never been in the 5 or 6 per cent range of the urban bedroom communities around Calgary or Edmonton. Still, it has posted some decent numbers in terms of building activity in the past 10 years.

Please see Shift page B22

"MCFSUB

Paintearth Economic Partnership Society The Power of the Future is Here Today

www.halkirk.ca fort mcmurray edmonton

36

• Located at highways 12 & 855 • Choice Highway Commercial and Industrial lots available • Residential Subdivision Available • Viable Farming Community rich in Oil, Gas, Coal and Wind Power • Great Education options • Home of Halkirk 1 Wind Project LP Contact us today to find out how we can assist in expanding your business in the County of Paintearth

403-882-3211 or 1-888-882-3156 peps@paintearth.ab.ca www.paintearth.ab.ca

red deer

calgary

north bound

Crowfoot Crossing- Remembering Our Past, Building Our Future • www.crowfootcrossing-countypaintearth.ca

B22 Alberta

Commercial, Industrial & Residential Financing Obtaining Mortgages and Loans can be made Easy & Simple!

Contact: Frank Hickey

P (403) 290-1990 F (403) 269-1853 frank@concordmortgage.ca

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

4)*'5 from B21 #VJMEJOH QFSNJUT

The value of permits peaked in 2006 at $31.7 million, which was followed closely by $30.7 million in 2007. New permit values fell to a more subdued $11.9 million for 2010, and were running at that pace for the first half of this year, but there’s new activity coming in terms of condo development. A new 30-room hotel, the Alberta Inn and Suites, opened this spring in an innovative development that includes main-floor retail tenants in a threestorey project. Wetaskiwin’s potential includes the transportation and logistics industries, thanks to its central location. With 13,000 residents and a trading area of 40,000, the town is already a distribution hub for a prominent retailer, Home Hardware, whose shipping centre includes 750,000 square feet of space. Home Hardware’s choice to build in Wetaskiwin reflects the city’s proximity to Highway 2, Alberta’s main north-south transportation artery, as well as to a strong local labour force. While some large retailers have located in Wetaskiwin, there’s room for more in the stalled Denham Landing project, which already includes Wal-Mart and Tim Hortons. Canadian Tire is among other major retailers in town, and SportChek is a new addition – one that reflects the extended retail catchment area of the community. It’s uncommon for the retailer to be in communities under 20,000

• Commercial & Industrial Development Opportunities • Single Family Homes & New Apartments Required • 35 minutes to Edmonton and 60 Minutes to Red Deer For Details Contact: RONALD HOLLAND (780) 361-4404 Toll Free: 1-800-989-6899 Edm Dir: (780) 421-0953 rholland@wetaskiwin.ca

population, but SportChek took the plunge in 2010 and has been pleased with its results, says Holland. Wetaskiwin’s business community also includes manufacturers with an international profile, like Supreme International Ltd., which manufactures vertical livestock feed processors and ships them to markets as far away as New Zealand and Saudi Arabia. Another major employer, A.C. Dandy Products Ltd., produces electrical equipment, including large units tailor-made for oilsands development. Alan Greene, the executive director of the Wetaskiwin and District Chamber of Commerce, says new businesses seem to be doing well and have filled some of the newer space in places like the Alberta Inn and Suites project. As well, small businesses are keen to see the pending infrastructure overhaul. Noted Greene: “We’re trying to get people to understand there’s more to Wetaskiwin than just auto dealerships.”

2VJDL GBDUT

-PXFS DPTUT

the Leduc/Nisku area and also in or aroun d Wetaskiwin. The 24-unit Windsor Park condo project is expected to drive up building-permit numbers this fall, with units selling for $170,000 to $265,000, Plant notes. Plant said lease costs provide some opportunities for businesses locally, with newer highway commercial space going for $12 per square foot triple net, plus common costs. Older downtown retail space can be had for $7 to $8 per square foot.◆

Wetaskiwin’s residential market has been fairly stable, with the average single-family home selling for around $232,000 in 2011 and condos not much further behind at $206,900, says Re/Max Wetaskiwin owner and broker Randy Plant. Plant says the home market felt the ripple effect in 2006 and 2007, when people priced out of the south Edmonton, Leduc and Nisku markets made the move to Wetaskiwin. Those buyers included folks who were working in

2 6

Edmonton

14

16

Leduc 24

✪

WETASKIWIN

26

Ponoka Red Deer Calgary

8FUBTLJXJO "# Population 13,000 Annual building permits $21.2 million Average single family house $232,000 Downtown retail lease rates $7-$8 per square foot

• Retail & Hotel Development Opportunities • SKYPORT at Wetaskiwin Airport Sites Available • 44,000 loyal shoppers in immediate trading area

City of Wetaskiwin Economic Development P.O. Box 6210 Wetaskiwin, Alberta T9A 2E9 www.wetaskiwin.ca

"The JEDI region offers Kimto Manufacturing a number of advantages including a good transportation network, a very low cost of doing business, and access to a broad range of skilled labour."

Contact JEDI for your best business advantage

(780) 361-6231 email info@jedialberta.com

www.jedialberta.com

CITY OF WETASKIWIN • TOWN OF MILLET • COUNTY OF WETASKIWIN

Alberta B23

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

EDMONTON & AREA

Office Building For Sale. On Jasper Avenue and 114th street in the Oliver Area. 4 storey building consisting of 56,012 square feet . Property is on 3 lots (50 feet x 150 feet) with also parking lots (92 feet x 150 feet) in the rear. Property is wedge between two drugs stores (Shoppers Drug Mart and Medicine Shoppe). New developments all around. Asking $12,000,000.00

Unbelievable Ellerslie RE-Development Site Two Parcels. Both 2 acre sites on the northwest corner of Ellerslie Road and 66th Street. Parcel #1 Asking $2,900,000.00 Parcel #2. Asking $ 2,900,000 Ellerslie RE Development Site 80 acre parcel across from the new Edmonton Recreation centre along Ellerslie Road. Asking $8,900,000 Business and Property Esso Convenience Store/Gas Bar with a Tim Horton’s Lease. Located in new Centre West Business Park. Site is 2.03 Acres. Brochure will only be provided to qualified purchasers, and upon signing a confidentiality agreement. Asking $ 6,300,000. Pulse Pointe Development site Located in the Quarters project on 95th street and 102 Avenue. A total of 4 lots (14,200 sq. ft.) (142 ft frontage and 100 ft deep. Presently, building is 11,840 sq. ft. Asking $ 3,300,000.

Please Call

Bob Chinn

PH: 780-434-4700 Web: chinnproperty.com

Old Strathcona Building Located on Prime 82nd Avenue and 103 Street. Historical building. Building is 1650 sq. ft. of main floor with 12 foot ceilings. Asking $ 1,100,000. Industrial For Sale National Tenant, solid long term lease. Building is 4 years old, 56,000 sq. ft. on a 3.53 acre lot. Great return 6.5 % cap rate. Brochures to qualified clients Asking $ 9,900,000. Land And Building For Sale. Over 9,000 sq. ft. on the main floor. Lot is 14,577 sq. ft. Located in the Quarters project on 95th St and 102 Ave. Building 101 Street Retail/Warehouse Property 9,150 sq. ft. building with over 4,000 sq. ft basement on two lots (10,680 sq. ft.) Great for future redevelopment or owner user. Building can also be leased. Asking $ 1,200,000.

or Mark Wilbert, Assoc. (mark.wilbert@century21.ca) CENTURY 21 A.L.L. STARS REALTY LTD

THE CITY

OF

CAMROSE

THE REGIONAL CENTRE OF EAST CENTRAL ALBERTA Prime Highway Commercial Lots Next to our New Hotel, Convention Centre and Casino 3 to 4 Acre Parcels $175,000 per Acre

VALERIE KING

Write: 5204 – 50 Ave., Camrose, AB, T4V 0S8 Toll Free: 1-888-672-4426 Ph. (780)678-3025 Fax: (780)672-2469 Email: vking@camrose.ca www.camrose.ca

LAND YOUR ADVANTAGE INVESTMENTS AIRDRIE 77 IN ALBERTA FIRST CLASS HOTEL IN GREAT CITY •Asking: $27.5M, •Revenue is about $6M •Premium 176 guest rooms & suites around 1 acre garden court yard •8 meeting rooms/Banquet facility •Lounge and leased out restaurant & spa on 5 ac. of land SHOPPING PLAZA, HOTEL IN BIG CITY •Asking: $14.9M •REV:$2.3M: Hotel: $1,110,695; Rental: $513,253; Others: $669,734 •48 oversized rooms plus 20 tenants and other big rev. income source •Located in big city downtown core with 4.9 acres of land and 102,000 sq. ft. building. MONEY MAKING FRANCHISE MOTEL •Asking: $11.2M •REV: $3,158,106 •3 yrs old, very busy location •Limited Service, 85 Rooms, located in very busy city LIMITED SERVICE FRANCHISE MOTEL •Asking $7.6M •3 years old, 4 storey, 60 rooms •Swimming Pool w/water slide •Situated with excellent exposure in big city, AB FRANCHISE MOTEL NEAR CALGARY •Asking: $5M, •41 room w/ leased Boston Pizza •1.5 Acres, ready to add 20 rooms. FRANCHISE MOTEL IN SOUTHERN ALBERTA •Asking: $4.99M •REV: $1,124,570 •Rev. is very steady past few years during recession •48 rooms with client base from Provincial & Federal employees, tourists and oil, gas & agriculture. MOTEL IN B.C. •Asking: $5.09M •REV: $1,373,000 •81 Rooms w/Leased Restaurant & Lounge •Waterslide, Sauna, Pool •Located Trans Canada highway with amazing view •Under renovation for Franchise flag HOTEL WITH RESTAURANT & LOUNGE •Asking: $4.99M •Located in very busy Oil, Gas, Forest & Tourism in AB •62 Rooms, 100 seat Restaurant, 110 seat Lounge, 9 VLT's

Airdrie, Alberta

• Judicial Listing • 77.44 acres of future light industrial • Airdrie along 8th Street South

Sylvan Lake, Alberta • 1.42 acres of prime multi-family • Development Permit available

DISCOVERY PLAINS Olds, Alberta • 131 acres - 6 phased mixed use • Great exposure to 50th Street and Highway 2A

RETAIL OPPORTUNITY

We are looking for 1st or 2nd mortgage lending opportunities for:

t

Single and multi-family residential developments

t

Commercial, industrial and retail developments

t

Refinancing / acquisitions

t

Construction / land servicing

t

Bridge loans

t

Income producing properties

CareVest has been providing its industry leading lending services since 1994. Our integrated real estate services specialize in the investment, financing and syndication of real estate mortgages throughout Western Canada and Ontario.

THE VILLAGE CENTRE HERITAGE POINT Calgary, Alberta • Tenanted restaurant unit • 3,289 square feet

Karen Barry* 403.589.5599 karen@barrycommercial.com

INDUSTRIAL LAND w/BUILDING FOR SALE

Asking $2,532,500 - Ponoka, Alberta

MOTEL WITH RESTAURANT •Asking: $1,390,000 •REV: $558,725 •44 Rooms + 3 VLT TRUCK STOP & RETAIL SPACE IN CALGARY •Asking: $13.5M •Travel facility comprising 45,700 sq ft on a 16.6 Acre site, provides for future re-development •Strong sales with long history and 19 tenants including national brand name GAS BAR, C-STORE AND A&W •Asking: $4.19M •REV: Gas Bar/C-Store $5,226,877, A&W $1,057,939 •N.O.I. - $883,698 SHOPPING MALL •Asking: $3.39M •N.O.I. - $231,943 • 6 tenants CAR WASH NEAR CALGARY •Asking: $3.89M •Revenue: $700,000 •7 bay and 1 auto. •Year: 2004.

MAXWELL

SOUTH STAR REALTY • www.leechoonho.com FRANCIS LEE, Associate Broker IC & I Full Commercial Member • Manager Business & Investment Div

SOLD SOLD SOLD

www.barrycommercial.com Commercial Propertyshop Inc. Brokerage *BROKER

LEAD Advertisers get qualified calls from the Western Investor

For More Details

Tel: 403-680-6130

Email: choonholee@hotmail.com #20, 8180 Macleod Tr. South, Calgary

1-800-661-6988

11.55 acres, 8 individual lots with a 5000 sf unfinished panelized structure on Lot #10 (Lot #10 - 15 are 6 contiguous lots; Lots 19 & 20 are 2 contiguous lots) Located at 49th Street and 60th Avenue in the north Industrial Park within the town limits. Site is provided with all municipal services, and a railway spur connection to the main CPR line between Calgary and Edmonton. Recent rail crossing was completed by town of Ponoka. Excellent manufacturing site or stage area for Oil Sands or other Northern Industrial projects. Lots are for sale individually or as a whole parcel. Owner may sell entire parcel within the Corporation with tax loss advantage to purchaser. MLS# C1019384, C1019385, C1019387, C1019388, C1019389, C1019390, C1019391 and C1019392

Mary Yuen-Sears, Realtor SUTTON GROUP - CANWEST #1, 555 Hawkwood Blvd NW, Calgary, AB T3G 3K2 Cell: 403-616-3636 • Fax: 403-592-6912 Email: mary@calgarytagteam.com • www.calgarytagteam.com

B24 Alberta

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

Pam Gill

INVESTMENT PROPERTIES FOR SALE!

www.apartmentsinedmonton.com

15 UNIT APARTMENT, west end, all ones, many renos - 6.07 cap. Call for proforma

(780) 455-4088

EDMONTON

APARTMENT PROPERTIES 6 SUITES, Cromdale ............................$550,000 15 SUITES, NAIT ...............................$1,575,000 15 SUITES, Downtown .....................$1,425,000 20 SUITES Cromdale........................ $1,960,000 22 SUITES, Downtown .....................$2,420,000 30 SUITES, Westend ........................$2,900,000 NEWER WAREHOUSE, 1455 sq. ft. ......$369,000 For full Proformas, Call or Email gillp@sutton.com PH: (780) 455-4088 Fax: (780) 455-4048 www.apartmentsinedmonton.com Sutton Central Commercial sutton central commercial real estate AN INDEPENDENT MEMBER BROKER

23 UNIT APARTMENT, University area, nice condition and 5.75 cap. Call for proforma 13,231 SF, 5 BAY RETAIL STRIP MALL in Leduc, AB. with solid long term tenants. 9 years old. NOI: $154,000 per annum. 7.35 cap at $2,095,000. 68 PAD MOBILE HOME PARK in High Level, AB fully serviced, paved roads, underground utilities, fenced and landscaped, bare land condo titles. MOTIVATED OWNER WILL CARRY 75% FINANCING FOR A QUALIFIED BUYER INTEREST FREE FOR UP TO 2 YEARS!!! MLS $1,250,000 Looking for investment properties for all ICI categories. Fully qualified buyers. Call now for your complimentary evaluation and allow my 21 years of banking and 13 years of commercial real estate experience to assist you!

Phone: 780-707-9395

REALTY EXECUTIVES POLARIS 4107 - 99th Street, Edm, AB T6E 3N4 Email: vtoffoli@shaw.ca • www.valtoffoli.com APARTMENT BUILDINGS: • 2 Units – Full Side by Side Bi-Level Duplex. Great West End Location. Needs some TLC & priced Accordingly! • 12 Ste Character Bldg. Owner Managed & Well Maintained. Large Stes. Central - REDUCED!

780-990-6120 cell Commercial Realtor

WANTED: APARTMENT BUILDINGS Have QualiďŹ ed Buyers Ready to Purchase!

Email: rdjri@telus.net

)FSF JT XIBU XF WINDOW OF XJMM EP GPS ZPV OPPORTUNITY! 1. Be a team player in achieving your buy/ sell objectives 2. Facilitate provision of capital, when needed 3. Provide current investment opportunities. 4. connecting you with serious commercial real estate buyers/sellers

NOW AVAILABLE &YDFMMFOU BQBSUNFOU #VJMEJOHT JO &ENPOUPO

Selling Edmonton since 1987

ATTENTION: DEVELOPERS/BUILDERS: 40 Acres – Ready for Submission to Parkland County for Approval of New 8 Lot Subdivision. BONUS: 1 lot features Gorgeous 3,632 sq.ft. Executive Home with Triple garage & 2 Large Shops – an Excellent Base for the Developer/Builder! Across from 1 of the MOST Prestigious Subdivisions in County. Call for Details.

RICK D. JENKINS POLARIS REALTY

Val Toffoli

PUBS

Invest in land with development potential. 381 acres on Lake McGregor. Hour and 10 minutes SE of Calgary. Approximately 3/4 mile of shoreline. Gently sloping. Suitable for lake view lots or golf course. Vendor willing to lease back.

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

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UÊ CROSSFIELD – 2 – 2 acre industrial lots – for sale or lease

UĂŠ >Ă€}iĂŠ industrial complex ĂŠ v Âœ Ă€ ĂŠ Ăƒ > Â? i ĂŠ Âœ Ă€ ĂŠ Â?i>ĂƒiĂŠĂŒÂœĂŒ>Â?ĂŠÂœvʙÎäääĂŠĂƒ¾°vĂŒ°ĂŠÂœvĂŠLĂ•ÂˆÂ?`ˆ˜} UĂŠ CARSTAIRS –Ê œ““iĂ€ÂˆV>Â?ĂŠÂ?ÂœĂŒĂƒĂŠvÂœĂ€ĂŠĂƒ>Â?iĂŠ priced to sellĂŠqĂŠV>Â?Â?ĂŠvÂœĂ€ĂŠÂ“ÂœĂ€iĂŠ`iĂŒ>ˆÂ?Ăƒ

UĂŠ AIRDRIE qĂŠxäääĂŠĂƒ¾°vĂŒ°ĂŠÂˆÂ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠL>ÞÊ vÂœĂ€ĂŠĂƒ>Â?iĂŠĂœÂˆĂŒÂ…ĂŠÂ“>ÂŽiĂ•ÂŤĂŠ>ÂˆĂ€ĂŠĂ•Â˜ÂˆĂŒĂŠEĂŠÂˆÂ˜viÀÀi`ĂŠ Â…i>ĂŒiĂ€Ăƒ

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"1/-/ ĂŠ 1- --t Complete business package ready for a new owner. Building, inventory, ďŹ xtures, coolers and delivery van.

UĂŠ 2500 sq. ft.ĂŠÂˆÂ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠL>ÞÊvÂœĂ€ĂŠÂ?i>Ăƒi UĂŠ 137 acres ĂŠÂˆÂ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠÂ?>˜`ĂŠ>˜˜iĂ?i`ĂŠÂˆÂ˜ĂŒÂœĂŠ Crossfield]ĂŠĂƒiĂ€Ă›ÂˆViĂƒĂŠVÂ?ÂœĂƒiĂŠLĂž]ĂŠĂ€i>`ĂžĂŠĂŒÂœĂŠ LiĂŠ`iĂ›iÂ?ÂœÂŤi`ĂŠqĂŠiĂ?ViÂ?Â?iÂ˜ĂŒĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â? UĂŠ 141 acres ĂŠ>˜˜iĂ?i`ĂŠÂˆÂ˜ĂŒÂœĂŠ Crossfield]ĂŠ iĂ?ViÂ?Â?iÂ˜ĂŒĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â? UĂŠ 132 acres ĂŠ highway #2 frontage ]ĂŠ Ă“äĂŠ Â“ÂˆÂ˜Ă•ĂŒiĂƒĂŠÂ˜ÂœĂ€ĂŒÂ…ĂŠÂœvĂŠ >Â?}>ÀÞÊqĂŠV>Â?Â?ĂŠĂŒÂœ`>Ăž UĂŠ 279 acres ĂŠÂ?ÂœV>ĂŒi`ĂŠÂ˜iĂ?ĂŒĂŠĂŒÂœĂŠ Ă€ÂœĂƒĂƒvˆiÂ?`ĂŠqĂŠ ÂŤÂœĂƒĂƒÂˆLÂ?iĂŠ`iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠÂŤÂœĂƒĂƒÂˆLˆÂ?ÂˆĂŒÂˆiĂƒĂŠ É-

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Two storey style two bedroom units which have been well maintained and upgraded. New shingles in 2010. Includes appliances. Each unit is approximately 1025 sq ft.

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* " Ê ÊqÊ "/ Sunset Harbour – Cape Cod style neighbourhood; featuring private boat launch, marina, paved streets, street lighting, fully serviced and architectural controls. Large lot at 0.403 acres.

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780 361 9215

INVESTMENTS CALGARY AREA

U 64 seat restaurant ĂŠÂˆÂ˜ĂŠv>ĂƒĂŒĂŠ}Ă€ÂœĂœÂˆÂ˜}ĂŠ VÂœÂ“Â“Ă•Â˜ÂˆĂŒĂžĂŠ north of Calgary]ĂŠÂŤĂ€ÂˆViĂŠ ˆ˜VÂ?Ă•`iĂƒĂŠÂ?>˜`]ĂŠLĂ•ÂˆÂ?`ˆ˜}ĂŠEĂŠiÂľĂ•ÂˆÂŤÂ“iÂ˜ĂŒ

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RANDY PLANT

RE/MAX real estate central alberta

For Lower Mainland Pub Opportunities call:

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CALL

www.sylvanlakehouseguy.com

BC’s fastest growing super port city

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ĂŠ

Call CARL STEPP cell: 403-358-9300

Land, buildings and business Prince Rupert, BC $2,500,000

INVESTOR READY!

780.841.1496 or dannyf@live.ca

Priced to sell at $790,000

Waterfront Pub & Detached Liquor Store

mpjohnson41@hotmail.com

Will consider any and all conditions.

Awesome Investment Opportunity Land and Building on Lakeshore Drive - LOCATION IS KEY! Across the street from the beach, outdoor patio to take in the view,

For Sale

$BMM 4VOJM 4BIFM ! PS 3PPQFTI %FXBO !

Private Investor looking to purchase Light Industrial / Commercial Properties or Buildings with Tenants in place.

OPPORTUNITIES AT SYLVAN LAKE, ALBERTA

RE/MAX WETASKIWIN 2007 780 352 9241

UĂŠ BEISEKERĂŠqĂŠĂ“°Ă‡ĂŽĂŠ>VĂ€iĂƒĂŠÂˆÂ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠÂ?>˜`]ĂŠ vi˜Vi`ĂŠEĂŠ}Ă€>Ă›iÂ?i`]ĂŠÂŤĂ€iĂƒiÂ˜ĂŒÂ?ĂžĂŠĂ•Ăƒi`ĂŠvÂœ ĂƒĂŒÂœĂ€>}iĂŠPRICED TO SELL UĂŠ CAR WASH ĂŠqĂŠ}Ă€i>ĂŒĂŠÂˆÂ˜Ă›iĂƒĂŒÂ“iÂ˜ĂŒ UĂŠ 320 acresĂŠiĂ?ViÂ?Â?iÂ˜ĂŒĂŠv>À“Â?>˜`ĂŠqĂŠĂ“äĂŠ Â“ÂˆÂ˜ĂƒĂŠ ĂŠÂœvĂŠ >Â?}>ÀÞ UĂŠ 151 acres ĂŠi>ĂƒĂŒĂŠÂœvĂŠ PRICED TO SELL

A ir drieĂŠqĂŠ

For more information on these and other properties

call

DON SACKETT RE/MAX ACA REALTY

(403) 946-5657 ACA Realty

www.donsackett.com remaxaca@telus.net www.acarealty.com

Alberta B25

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

WANTED!

Excellent Retail Opportunity Turnkey Business with Property • Includes three parcels of land on three titles including a family residence perfect for an owner / operator • Business exceeds $1,100,000 in sales annually • Currently operated entirely by a manager and staff.

More information and financials are available to qualified parties Visit www.cmaxgroup.ca. Call or Email today!

Contact Clinton Alexander for Details • 780.914.4807 www.cmaxgroup.ca • clinton@cmaxgroup.ca

I have clients with CASH looking to purchase Shopping Centres, Strip Malls and Gas Stations in Alberta!

Call Sammy EMPIRE REAL ESTATE GROUP

780-906-6652

Each office is independently owned and operated.

REVENUE OPPORTUNITIES

Devon, AB - For Lease - 9600 sq.ft - New Building for 2012 Skylights, double signage, & entrances provided on both North & South side of the building. Lease Price: $16 sq.ft. T.N.

4-PLEX IN COLD LAKE PRICE $525,000 FULLY OCCUPIED

Cold Lake AB. 144 Acres on Corner of Hwy 892 & Hwy 55. Rezoning possible. Price: $2,520,000 Bonnyville/Ardmore AB. 139 Acres on Hwy with Town Water hook up availability. $2200 oil revenue lease; Price: $499,000 Movie Equipment Manufacturing & Lease Company: Established since 1995 servicing Western Canada and N.W.T. Price: $3.4 Million www.rollinon.ca

GREAT LOCATION/REVENUE 1.1 ACRE PAVED LOT. 16,800 SQ.FT. INCLUDING 2,000 SQ.FT. MEZ/OFFICE.

LAND & BUILDING ONLY

$1,175,000

4-PLEX FULLY OCCUPIED PRICE $519,000

Devon AB. - 3 Commercial Buildings: 3262 sq. ft; 2460 sq. ft. plus 1200 office building. Zoned C1. Price: $769,000 Wave Bldg. 14649 - 119 Ave Edmonton 3 New Industrial Condo Units for Lease. Each Unit 1670 sq.ft plus 675 sq.ft. mezzanine. 12 x 14 overhead doors & 24' clear span ceilings. Lease Price: $12.85 sq.ft T.N.

Judith Rimmer RE/MAX Cold Lake 2000

Larry Melanchuk, Associate Broker Cell: 780.826.0100 www.coldlake.info TF: 1.800.707.8374 A Division of Cold Lake 2000 Realty. Independantly owned & operated.

RE/MAX Commercial Direct 780 405-9333 or 780 429-1200 or T.Free 866-481-2950 jrimmer@remaxcomm.ca

Each office is independently owned and operated.

B26 Alberta

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

INDUSTRIAL SPACE - For Sale or Lease FORT MCMURRAY - Taiga Nova Industrial Park 13,000 to 52,000

EDMONTON LAND 130 acres +/- zoned rural residential - 70% level grass & pasture, bal. woodland grazing. Presently decommissioned game ranch, cadillac fencing & livestock handling equip w/40x80 shop & living quarters. Could be livestock, cattle/ horses/exotics or private estate situated on twinned highway 5 miles west of West Edmonton Mall. Airstrip presently being developed, super grass, fencing, privacy or develop to suit market.

(Square Feet)

G 75% PENDIN • 4.44 Acre Site • Lease or Purchase Options • Experienced Developer & General Contractor • LARGE Rear Yard!

FOR SALE

$BMM .JLF (FPSHF PS #JMM 4DIPFNBLFS

Fall 2011

• 30' High Buildings

For More Information Contact:

BOBCAT DEVELOPMENT 780-722-4156

www.property-solutions.ca

Avison Young Real Estate Alberta Inc. Stony Plain - 24 units Wood-frame 4 storey walk-up 6,000sf commercial main floor Asking $4,350,000 @7.10% stabilized cap rate

victoria.pun@avisonyoung.com 780.429.7569

Stony Plain - 20 units Wood-frame 3 storey walk-up 8,000sf commercial main floor Asking $4,250,000 @7.22% stabilized cap rate 11212-124 Street, Edmonton Well located 7 unit apartment Wood-frame 1.5 Storey 5 one-bdrm,1two-bdrm, 1 bach Asking $654,500 ($93,500/unit)

For a free property valuation, contact the Edmonton Multi-Family Investment Sales Team: Victoria Pun Cody Nelson cody.nelson@avisonyoung.com 780.429.7556

Edmonton - 59 units 3 building portfolio Wood-frame walk-ups in various locations

SORRY, YOUR AD IS MISSING... COMMERCIAL REAL ESTATE, FRANCHISES & BUSINESS OPPORTUNITIES IN WESTERN CANADA

For advertising information call 604-669-8500 or 1-800-661-6988 toll free anywhere in Canada or the USA.

Colliers Macaulay Nicolls Inc. 3555 Manulife Place, 10180 – 101 Street Edmonton, AB T5J 3S4

+1 780 420 1585 www.colliers.com Multifamily Opportunity

Accelerating success. Retail Investment Opportunity

15 UNITS PRICE REDUCED

14 UNITS SOLD

16,164 SF RETAIL BLDG

Edmonton, AB West end location, one block away from approved LRT route, 6 three bedroom suites

Edmonton, AB North location, new PVC windows, 12 - two bedrooms, upside on rents

15 UNITS AVAILABLE

50 UNITS SOLD

542-24 St., Fort MacLeod, AB Fort Plaza Fully leased to 5 tenants NOI - $162,323 Anchor tenants: Fields, Anderson Liquor, The Cash Store

Edmonton, AB North Central, extremely large and clean units, great mix, new roof, assumable finance

Edmonton, AB All units above grade, large well maintained units, fire upgrades completed.

21 UNITS NEW LISTING

12 UNITS AVAILABLE

Edmonton, AB NAIT location, turnkey project, upside via LRT expansion www.colliersmn.com\edmontonapartments

Edmonton, AB Centrally located, close to NAIT LRT route, new roof, boiler and windows, fully renovated, turnkey project

Amit Grover

Jandip Deol

DIR +1 780 969 3006 amit.grover@colliers.com

DIR +1 780 969 3043 jandip.deol@colliers.com

Land & Building Opportunities 30,000 SF BUILDING

2-12,000 SF BUILDINGS

Ponoka, AB 7 acres, Highway 2 exposure

Edmonton, AB Calgary Trail, office/retail centre, for sale or lease, Stony Plain Road and central Edmonton for sale

24 ACRES Rimbey, AB Residential & commercial development on Highway 53

NEWER RETAIL STRIP MALL Edmonton, AB 3 buildings totalling 16,259 SF, south Edmonton, principles only

7,500 SF OFFICE Edmonton, AB Whyte Avenue (82nd ave), for sale or lease

Jeff Grobman

Steven Pearson

DIR +1 780 969 3031 jeff.grobman@colliers.com

DIR +1 780 969 3023 steven.pearson@colliers.com

HEALTHWORKS BUILDING PONOKA TOWNE CENTRE 10303 65 Avenue, Edmonton, AB 12,044 sf 2 storey office/ retail, frontage on Gateway Boulevard, Price $1,400,000

PONOKA LUBE-X BUILDING

5011-48 Avenue, Ponoka, AB 26,782 sf fully leased retail complex. The Bargain Shop, Medical Clinic, Pharmacy. Year I Income - $298,367 Price: $3,500,000

4714 - 50 STREET, PONOKA, AB OUTBACK STEAKHOUSE 2,512 sf freestanding building, BUILDING strong Covenant Tenant, 2874 Calgary Trail, Edmonton, AB Average Rental income - $69,500 7,063 sf freestanding retail pad. Price - $868,750 Net income: $190,701/year Price: $2,300,000

Casey McClelland Mark Swaenepoel DIR +1 780 969 3003 casey.mcclelland@colliers.com

DIR +1 780 969 3037 mark.swaenepeol@colliers.com

Hotels

WEST COUNTRY INN Drayton Valley, AB Limited service, 52 rooms, built in 2005. Asking $4,100,000

Perry Gereluk DIR +1 780 969 2979 perry.gereluk@colliers.com

7 ACRES LAND Fort McMurray, AB Ready for 11,000 SF office, 16,000 SF industrial shop

10020 BIGGS AVENUE Fort McMurray, AB 53,300 SF land with 13,000 SF building. Excellent redevelopment C5 Land. (California Club Bingo)

20,000 SF RETAIL Fort McMurray, AB For sale. With or without business. Available immediately. Excellent exposure in a newer building

2LOTSWITHLAND&BUILDINGS Fort McMurray, AB 280 MacLennan Crescent 10% Cap rate. $6,775,00. 290 MacLennan Crescent 2.33 acres w/ 6,000 SF shop. $5,450,000

INDUSTRIAL BAYS FOR SALE OR LEASE Ready August 1, 2011 occupancy Taiga Nova Eco Industrial Park

Ken Shebib, CCIM

FORT MCMURRAY AIRPORT BEAVERLODGE MOTOR INN Fort McMurray, AB Hotel development opportunity. New terminal. Call for details.

Fort McMurray Opportunities

Beaverlodge, AB Two hotels, 60 rooms, revenue of $4 mil. Asking $5,500,000

DAYS INN Dawson Creek, BC Occupancy rate above 80%. 85 rooms. Asking $11,150,000

FLAGGED HOTEL Edmonton, AB Full service hotel. 90 rooms. Leased F&B. Asking $8,950,000

MOB

+1 780 863 7355

26.99 ACRES OF INDUSTRIAL LAND Fort McMurray, AB Located on Hwy 69 close to the planned airport terminal

COMING SOON Fort McMurray, AB Up to 300,000 sqft of Industrial Development. Build to suit from 5,000 square feet and up. Close to airport.

KUUSAMO DEVELOPMENTS Fort McMurray, AB 5 bays sold or leased, only 5 bays remain

145 MACMILLAN RD. Fort McMurray, AB 16,800 SF industrial building, fully leased, NOI $700,000 rising to $750,000 in 2013

INDUSTRIAL BAYS Fort McMurray, AB 12,978 SF, for sale or lease 3 bays sold, 1 available DIR

+1 780 881 6297

ken.shebib@colliers.com

Land Opportunities RED DEER LAND

CAMROSE LAKEFRONT LAND

404 acres of prime future residential land 8.9 kilometres of river frontage Recently annexed into Red Deer City Limits Price: $15,000,000 ($37,134 per acre)

+/- 100 acres Significant gravel deposit 823,820 cubic meters of proven aggregate reserves Price: $1,000,000

Mark Swaenepoel

Rick Argue

DIR +1 780 969 3037 mark.swaenepoel@colliers.com

DIR +1 780 969 2997 rick.argue@colliers.com

Alberta B27

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

EDMONTON & AREA OPPORTUNITIES COMMERCIAL

CAR WASH: Edmonton, 8 Bays, 1Auto, huge potential....................................................................$949,000 TRUCK & CAR WASH: Edmonton, 4hr, 3 truck bay, 1 RV, 6 car wash, Over $1 mil sales/year, ......$3.75mil HOTEL CENTRAL ALBERTA: Right in downtown, 7 VLT's, Pub & Restaurant ...............................$550,000 CAMP GROUND & RV PARK: Edmonton, 30min., 10 acres under huge upgrader, best location, Liquor store, Gas Bar ...........................................................................................................................$2.9mil MOTEL: Alberta South Big City, 3 years old Best Location, Over 1.5mil sales, Franchise ....................$7.9mil MOTEL: In Edmonton, Renovated, 39 Rooms, Over 800k sales, Private Manager's house .................$3.9mil GAS STATION: Edmonton 2.5hr, Brand new station -2 national franchise tenants, Huge Potential $3.75mil GAS STATION: Edmonton, 4 hr N of Edmonton, Brand Name Gas Station, $3M in store & $5M litre gas sale ...........................................................................................................................$6.5mil GAS STATION: Edmonton 30min., Franchise, New Equipment, Boom town, Car wash, $4.5 mil Sales ............................................................................................................................. ............................$1.89mil LIQUOR STORE: Edmonton 1.5hr, 20 years business owner retire, $900k average sales in 3 years$349,000 INVESTMENT: Edmonton, Business condo, 2900sf, Fully Leased, Good Potential ..........................$495,000

MORE LISTINGS ARE AVAILABLE PLEASE CALL

Jun Choi for Details

Cel: 780-722-2570 • Email: junchoi@live.ca •Central Alberta, 132 ac. Zoned CX, In the Town of Ponoka, •Fronting Hwy 2A, easy access to QE 2, Alberta’s busiest transportation corridor •Handy to Ponoka Industrial Airport offering CanPass Customs service •Adjacent Industrial and Commercial development •Close to new multi million dollar Ponoka Ag facility, •Includes secluded farm site with fully developed 2000 sf bungalow overlooking the Battle River flowing through subject property. •Offered @ $16,667/acre.

Contact: Coldwell Banker Haida Realty Ltd.

780 986 4711

Gordon Kern

780 984 5049 or email: gkern@haidarealty.com

COMMERCIAL (RE/MAX Excellence)

17718 - 64th Ave Edmonton, AB T5T 4J5 (780) 429 - 1200 1(866) 481 - 2950

BUSINESS ONLY zGas Station w/Convenience Store - South Edm. - $269,000 zRV & Truck Wash - South Edmonton. Business Only - $399,000

CALL AYAZ OR SAM AT 780.641.1320

PROFIT FROM EDMONTON'S DOWNTOWN REVITALIZATION! • High visibility Location • Over 11,000 s.f. usuable space • On 3 titled lots • Office and warehouse space

Only $685,000 DON'T WAIT TOO LONG! Call Gerald Tostowaryk THE REALTY COMPANY

(780) 452-2700 Edmonton’s Business & Investment Specialists

zSelf Storage Facility - 177 Units + 100 RV on 3.88 ac. - $2.1M

CALL MIKI O’REE AT 780.200.6454 zSupreme Plating Business - w/property and inventory. 1.11 acres of prime property located in North Edmonton - $3.5M

zBottle Depot Businesses - FOUR Locations in AB. Call For Info BOTTLE DEPOT BUYING & ORIENTATION - BOOK NOW!

CALL GREG STEELE AT 780.945.7800

***CERTAIN CONDITIONS APPLY***

MULTI-FAMILY

CALL RAJAN NULLIAH 780.441.5419

zNEW Triplex - Excellent location. Built in 2007 - $1.298M z5 Units - Belgravia - Call For Info and Pricing z9 Units - South Edmonton - $110,000/Door z15 Units - West Edmonton - $100,000/Door z18 Units - Two building package. Strathcona - $130,000/Door

zCosmetic Store - Located in a busy mall w/ high foot traffic. Operating for over 16 years. - $179,900 + Inventory

CALL NEIL HORVATH 780.908.5630

INVESTMENT zOffice/Medical Centre - Leduc. Fully leased. 8.2% CAP - $1.7M zNisku Multi-Tenant Bldg - Room for upside - $1.79M zSpruce Grove M/T Bldg - Seller motivated. Priced to sell - $1.6M zRV Storage & Service - 8.87 ac w/7,362 SF buildings - $1.095M zGeneral Store w/Property - Outside Edm. Over $1M revenue. 2000 SF bldg on 0.345 acres. Excellent opportunity! - $595,000

CALL MIKI O’REE AT 780.200.6454

INDUSTRIAL zLand/Bldg For Sale - Spruce Gr. 5500SF on 0.7 acres REDUCED PRICE - $799,000

CALL ALLY PIRMOHAMED AT 780.604.0302

LAND

CALL AYAZ OR SAM AT 780.641.1320 zAuto Wash w/Land & Bldgs - Prime location in NE Edm - $3.5M zSylvan Lake - Choice of 3 Est Motels. Beach facing & close to Marina. Priced at $1.7M, $2.2M and $2.635M

z Nisku Commercial Land - 5 Lots. Zoned CS - $375,000/Acre

CALL AYAZ OR SAM AT 780.641.1320

LEASING

CALL RAJAN NULLIAH AT 780.441.5419 zGas Station, Grocery/Convenience & Liquor Store - Over $2M in sales.Land, Bldg and Business Included - $1.3M

CALL NEIL HORVATH 780.908.5630

z Leduc Plaza - Prof/Medical Space Available. Only 5 units left! www.LeducPlaza.com

CALL AYAZ OR SAM AT 780.641.1320

w w w.RemaxComm.ca

B28 Alberta

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

Strip Mall For Sale In Edmonton Fully leased 13,600 sq ft 65% Medical tenant all long term 15 to 20 yrs. Asking $3.5M

RAJIV SETH CENTURY 21 SIGNATURE REALTY IN RED DEER!

Gas Station, Car Wash – Land and Building Only for Sale. 3 Locations in Edmonton and surrounding areas available. Call for details. Financing Available. Truck Wash & Quick Lube, Hinton, AB – Business and Ppty for Sale. Great profits and income. Only 5 years old. Sales of over $850k. Asking $500k for business. Land & Building for $2MM Laundromat, Spruce Grove – Business and property for sale. Asking only $380k. Commercial Real Estate Property with or without Businesses are available. Prices range from $400k to $5MM. Call for details and more information. Our properties are leased and provides good income.

Visit our website for more information about our businesses for sale. Over 30 businesses available for sale.

780-990-9799 OPPORTUNITY IS KNOCKING

Businesses/Commecial Real Estate For Sale

www.vralta.com

JERRY RACZKOWSKI

780.469.4769

ROB REGAN

780-932-2121 jrcoach@telus.net

780-490-9324 ar_ar@shaw.ca

RE/MAX REAL ESTATE

10510 121 St., T5N 1L4 Edmonton, AB

www.AlbertaInvestorGroup.com TENANTED BUILDING Burnt Lake Industrial Park

Beijing, China Investments Real Estate Show

• Investor/User Property • 3.01 Acres • 23,600 sf (11,800/5,000/6,800 sf)

$3.7 Million

UÊÊ"ÛiÀÊxäääÊ Û Ìi`Ê ÛiÃÌ ÀÃÊ > `ÊÓää]äääÊ« ÕÃÊ« Ìi Ì > Ê ÛiÃÌ ÀÃÊÜiÀiÊ Ê>ÌÌi `> Vit UÊÊ >Ê ÜÊ >ÃÊÓ `Ê >À}iÃÌÊ « «Õ >Ì Ê vÊ > ÀiÃÊ ÊÌ iÊÜ À `Ê> `Ê>ÀiÊ }Ê

INDUSTRIAL BAY(S) 7439 49th Ave Crescent

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• Zoned Industrial Business Services • Bay 11 (Tenanted - 1819 sf), Bay 14 (Tenanted - 1825 sf) Bay 17 (Owner/User - 2439 sf)

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ÛiÃÌ i ÌÊ«À iVÌÃÊÌ Ê«ÀiÃi ÌÊ

Only $105 sq.ft.

Ì ÊÌ iÊÃi iVÌi`Ê ÌiÀ >Ì > Ê *À «iÀÌÞÊ Ý« Ê i }Ê/À>`iÊ

Glenn Moore Associate C21 Advantage Commercial

Phone: 403-318-8085 Email: glenn@advantagecommercial.ca www.reddeercommercial.com

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

- ÜÊ>ÌÌi `iiÃt

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

VR Business Brokers

BUY

Your hunt for the right investment could be right in the pages of the Western Investor. Every month you’ll find over $2 Billion worth of opportunities.

SELL Selling your business? Western Investor Business Opportunity pages are organized geographically so readers can find the opportunity they want.

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

ALBERTA DEVELOPMENT OPPORTUNITIES Calgary Land Ready to go Calgary Land ready to go. All permits are in place for highend country residential development. Development can begin today! Land features water, trees, and gently rolling hills making it ideal for new innovative community. $69,000/acre.

100 Acres Airdrie, AB Located on the west edge of Airdrie. Airdrie is one of Alberta's fastest growing communities. Five miles north of Calgary on the #2 Queen Elizabeth Hiway. Concept plan for 690 homes (based on city guidelines) Vendor will consider JV with suitable partner.

East Side of Calgary 84 St and 16 Ave. (hiway #1) N.E. 300 acres of potential commercial zoned land for development in the M.D. of Rockyview. - NW 1/4 SEC. 30 TWP, RGE 28, W5M - SW 1/4 SEC, 30 TWP, RGE 28, W5M - PTN SE 1/4 SEC, 24 TWP, RGE 28, W5M $150,000/acre

FOR MORE INFORMATION: BRIAN SUGDEN

STEVEN BUTT

403-829-2669 403-802-6767 sbutt@avenuecommercial.ca

bsugden@avenuecommercial.ca

MORE OPPORTUNITIES • 12 ACRES Balzac, Alberta - for sale, design build, or lease. • 3 QUARTERS Balzac, Alberta - close to Cross Iron Mall. • 3 QUARTERS Cochrane, Alberta - 3 miles west on highway 1A. • 0.5 ACRES Brooks, Alberta - Commercial Lot. • 4 ACRES Millarville, Alberta - with house. • 13,200 SQ.FT Canmore, Alberta - commercial building site. • 2.6 ACRES Black Diamond, Alberta - multi- family dev. site. • 41 ACRES Irricana, Alberta - judicial sale of residential land. • 320 ACRES Darwell, Alberta - one hour from downtown Edmonton. • 55 ACRES Athabasca, Alberta - 33 parcels on separate titles. • 200 ACRES Yorkton, Sask. - Approved for Industrial subdivision. • 150 ACRES Fort St. John, B.C. - next to the new hospital.

Alberta/Saskatchewan B29

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

"MCFSUB

Airdrie tops 40,000 residents

A

Industrial market tightens in capital

Calgary building pace picks up

W

hile Edmonton’s building permit totals may be down slightly from 2010, there’s still demand for building space, particularly in the industrial secuilding activity is rebounding nicely in tor, where Colliers International recently Calgary these days, with Alberta’s larg- reported lower vacancy rates for the overall est city releasing figures that put new con- Edmonton area market and most of its eight struction values up 44 per cent for the first sub-markets. According to the latest industrial market seven months of 2011. As of the end of July, Calgary had approved update for Edmonton from the property giant, the overall vacancy rate fell to 3.38 per cent new building permits for about $2.7 billion, compared with about $1.8 billion for the same at the end of the second quarter of 2011, down from 3.49 per cent at the end of the period in 2010. Perhaps more significantly, the city’s permit first quarter and 4.27 per cent from a year

B

Subscribe OVER $2.5 BILLION WORTH OF INVESTMENT OPPORTUNITIES EVERY MONTH FIRST CLASS DELIVERY ❏ One Year .............$42

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❏ Visa ❏ American Express ❏ MasterCard ❏ Cheque enclosed

GST Registration No. 10565567 GST Included

I

t appears the land crises in Fort McMurray could ease in the coming years, thanks to a memorandum of understanding between the Regional Municipality of Wood Buffalo and the Alberta government. Wood Buffalo, the municipality that contains Canada’s most prominent oilsands boom town, is hopeful the deal will allow room for Fort McMurray to double in population. It says the deal will give the municipality jurisdiction over sufficient land “to undertake residential, commercial and industrial development for up to 200,000 residents.” “I am pleased that, through the Urban Development Sub-Region, we are positioned to meet the needs and demands of Wood Buffalo’s population for decades to come,” said Wood Fort McMurray now has room for Buffalo Mayor Melissa Blake. “Never before has 200,000 more people. Wood Buffalo had such a close, respectful relationship with the provincialgovernment.” The implementation will give the municipality the ability to build new residential neighbourhoods, accommodate new retail shops and services and support growth of secondary industries to diversify the local economy, according to Wood Buffalo officials. Over time, the deal is also expected to bring stability to the housing market, “reducing the disparity between the cost of a home in Fort McMurray and a similar home in other parts of Alberta.” Currently, a typical detached house in Fort Mac sells for more than $600,000. The land transfer is expected to complete by the end of October. Land availability has long been an issue in the oilsands capital. The province announced back in March that it had sold 980 acres of land in the Fort McMurray area to Pacific Investments and Development Ltd. for $35 million. The deal was trumpeted at the time by Infrastructure Minister Ray Danyluk as one that would address the critical need for industrial/commercial land in the area. Accompanying the latest memorandum of understanding was the province’s release of the updated draft plan for the entire Lower Athabasca Region, which includes Bonnyville and Cold Lake.

ago. Only in Leduc-Nisku did the vacancy rate jump significantly, but that was offset by a tightening market in central and southeast Edmonton, according to Colliers. The asking price for space ranged from a low of $6.95 per square foot for large spaces in northwest Edmonton to a high of $15 per square foot in new construction in Sherwood Park, east of the city. Industrial demand in Edmonton is typically driven by the oilpatch, and with the price

Title

ADAM NIESNER REALTY (1991) LTD Commercial Properties REGINA BEACH Year Round Resort Community Turn key Pizza Restaurant, fully equipped and operating $289,900

Company Address City Prov Postal code Phone

Fax E-mail

Credit Card No. Expiry Signature

FAX BACK TO 604-669-2154 OR CALL 1-800-661-6988

of a barrel of oil hovering at close to US$90, Edmonton’s industrial market may tighten up further. Notable land sales saw prices ranging from $300,000 to $652,660 per acre. The latter price was for 8.95 acres on the west side of Edmonton. Building sales produced per-square-foot prices from $76.31 to $207.56. The high-end price was paid for a $28.75 million building in the southeast by PIRET Holdings Inc.◆ – Compiled by David Husdal

BUSINESS & LAND

Regina Area

Name

❏ Two years ............$75 ❏ Three years .......$105

'PSU .BD¤T HJBOU MBOE EFBM NBZ MFWFM QSJDFT

Photo: Regional Municipality of Wood Buffalo

values for July were ahead of both the fiveyear average and 10-year average. The latter includes numbers from the boom years of 2006 and 2007. Canada Mortgage and Housing Corp. is crediting an increase in interprovincial migration to Calgary due to rising oil prices and employment opportunities for the increased demand for new housing. According to the city, July’s building permit lberta’s fastest-growing suburban com- values of $328 million were up 15 per cent munity recorded strong growth again in from the 10-year average of $284 million. “The residential increase for July buildthe past year. In fact, Airdrie’s growth rate topped 8.3 per ing permits goes across all sectors: single cent from 2010 to 2011, according to the City family, garage, two family, apartment and townhouses,” noted David Watson, Calgary’s of Airdire’s recent census. general manager of planning, development Airdrie grew by 3,333 residents, allowing and assessment. the city to top 40,000 for the first time and In the non-residential categories, values reach a new population of 43,155. were highest in the commercial sector, but “Attracting new residents certainly showcases Airdrie’s attractiveness to new residents there was a marked decrease in the government and institutional sectors for new conand businesses alike,” said Airdrie Mayor struction. Peter Brown. “The census number also July’s numbers included three apartment/ reflects the very real understanding that with substantial growth brings many opportunities condo complexes worth a combined $51 million, as well as two warehouses valued at a and challenges.” While city officials say the new head count combined $28 million. Building in Edmonton in 2011 hasn’t quite will increase provincial grants to the city by over $1 million annually, the community con- kept pace with 2010. Permit totals for the first seven months of this year in the Alberta tinues to struggle with a lack of capacity in capital hit $1.72 billion, down about 6 per its school system. cent from 2010, when Edmonton was in a rare Airdrie continues to be a choice for race with Calgary for new building activity. residents willing to commute to Calgary, but industrial and commercial development in both Airdrie and surrounding Rocky View County means many of the city’s new residents can also find work close to home. 8)"5¤4 )"11&/*/( */

SHERWOOD INDUSTRIAL PARK Close to Evras Steel Plant. Phase 2 - industrial park. 2 - 4 acre lots GLOBAL TRANSPORTATION HUB Future development land located around the Hub and on Pinkie Road

FOR SALE

Maple Creek, SK Furniture store, established, profitable 11 years in business. Fantastic reputation. Located in Historic building.

Call 306.662.3612 www.weswoodopportunity.com

marketing your franchise? Call Christine at the

Call Now For Details

$42 could make you millions!

LINDA BOXALL 306.536.1489 Website: www.lindaboxall.com

1-800-661-6988 (604) 608-5110 ccampbell@biv.com

B30 Saskatchewan

www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR

Saskatoon Commercial/Residential Mixed Use Land For Sale by

REQUEST FOR PROPOSAL 1.48 acres of land located in the centre of the Willowgrove Neighbourhood

SITE FOR RFP

For more information, please contact the City of Saskatoon Land Branch either in person at 201 3rd Avenue North, Saskatoon, SK S7H 2H7, by phone at (306) 975-3278 or, e-mail at land@saskatoon.ca. Packages can also be downloaded from the City of Saskatoon website at www.saskatoon.ca (look under ‘L’ for Land for Sale).

B31

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

REGIONAL ROUNDUP Grants, low-cost loans for developers and tax holidays make Moose Jaw a draw

+BX ESPQQJOH JODFOUJWFT FRANK O’BRIEN WESTERN INVESTOR

)PX EJE .PPTF +BX HFU JUT OBNF

en-thousand-dollar grants to firsttime homebuyers; $50,000 grants for landlords building new rentals; low-cost developer financing; and property tax holidays for job-generating businesses.

H

The real estate incentives are generous in Moose Jaw, and perhaps overdone in this fastgrowing city that characterizes the economic muscle of south-central Saskatchewan. The civic incentives, most set up a few years ago when economic clouds were gathering, remain in place despite one of the lowest employment rates in the country and a huge demand for commercial, industrial and residential properties. “We’d like to make sure investors know about these incentives,â€? said Deb Thorn, economic development officer for the City of Moose Jaw, a city of 36,000 residents 75 kilometres west of Regina. Thorn said the city was quick to partner with the province on various stimulus programs meant to draw developers and workers to the city. Other incentives are home grown and relate to the fact that Moose Jaw has among the lowest residential vacancy rates in the country. Examples of some of the jaw-dropping incentives in Moose Jaw include: • grants of up to $10,000 to first-time homebuyers with annual incomes of less than $52,000 who purchase a new home (usually a condominium); • a rental construction incentive that can provide a developer with a grant of up to $50,000 if it agrees to build at least five rental suites. A total of 60 units are being funded, on a first-come, first-serve basis, with an emphasis on two-bedroom units. According to Canada Mortgage and Housing Corp. , the rental vacancy rate in Moose Jaw for two-bedroom apartments is near zero;

Photos: City of Moose Jaw

5

(TOP) Moose Jaw is offering tax breaks and grants to developers and homebuyers, though the city appears to be booming. (LEFT) New $62 million Mosaic Place in Moose Jaw opened this summer with an ice rink and curling sheets.

• loan assistance for up to $1 million of residential project costs. Saskatoon-based Westcap Management Ltd., a finance sector of the Saskatchewan government, oversees this plan. Under its Headstart for Homes initiative, builders and developers are eligible for loans of 90 per cent of the construction cost of new homes, including land, at an interest rate of 4 per cent. The main requirement: the new homes must be priced at or lower than the average resale home price, which in Moose Jaw is around $200,000; • the civic LOTS program that provides a 100 per cent tax exemption on property for the first year for commercial-building owners who create a residential rental suite, a move aimed at creating lively, mixedused projects in the downtown area; and • a five-year tax holiday for any new business

that creates jobs for at least 60 workers.

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And, perhaps the greatest incentive: the largest fully serviced and fully paved new industrial park in south Saskatchewan, the 30-acre Grayson Industrial Park, where city-owned acre lots start at around $150,000. In all, Moose Jaw has more than 200 acres zoned for industrial and commercial development. It is not that Moose Jaw – one of Canada’s top entrepreneurial cities according to the Financial Post – appears to need any help in attracting residents or investors. Halfway between Calgary and Winnipeg on the TransCanada Highway and just an hour from Regina, Moose Jaw is the heart of the largest economic region in Saskatchewan. Moose Jaw is also

ow did Moose Jaw get its name? It’s not an easy one to answer. In fact, there are no less than three prevailing theories. The first theory is that it is a short form of a First Nations word, “Moosoochapiskanissippi,� meaning “the river shaped like the jaw of a moose,� referring to the bend in the Moose Jaw River. The second says that the name is a short form of another First Nations word, “Moosoochapiskun,� which translates as “the place where the white man mended his cart with the jawbone of the moose.� The third theory, and the one most subscribed to, is that the name comes from a Cree word, “Moosegaw,� which means “warm breezes.� Whatever the facts of the matter are, one thing is clear. Moose Jaw truly is a city as unique as its name. – Tourism Moose Jaw

on the north-south traffic and rail route for Regina’s giant Global Transportation Hub, which feeds material to and from the U.S. border. About one-quarter of the province’s population lives in the Moose Jaw-Regina corridor, which has one of the lowest-cost environments for industrial investment in North America, according to KPMG. Major industrial employers include Mosaic Co., Canadian Salt Co., Terra Grain Fuels and Yara Belle Plain Inc.Just north of Moose Jaw, German fertilizer giant K+S Group is planning a $1.4 billion potash mine that will

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PRAIRIE DEALS GREAT IMMIGRANT FAMILY OPPORTUNITY! •24 UNIT MOTEL - w/ INTERIOR HALLWAYS & OWN ENTRANCE FROM FRONT DOOR • NEAR NATIONAL PARK - HOTEL, OFFSALE, RESTAURANT, POOL, - OWNERS RETIRING! •MANITOBA HIWAY LOCATION •ASKING $750,000 •ON "LOOPNET" MOTELS - BONNEYVILLE, AB: Great Oil Town! 24 units + Manager's suite. Asking $1.2M MOTELS - COMING SOON! Call Us Today, 3 Units in SASK. WATCH FOR THEM HERE! 3.25 ACRES - Industrial lot - $499,000. Motivated Seller! BUILDING IN REGINA, SK 1759 Halifax - 2 Storeys, 5550 sq ft - $424,000 FORT QU'APPELLE, SK - 120 & 102 Broadway Street. Total 9,860 sq. ft. Buy as a package. Multi tenant Income producing! Asking Price is $165,000 and $275,000 WAREHOUSE/CONDO BAY - FOR SALE: New construction, Starting $295,500 - 1500 sq. ft. +. GRAVELBOURG - 19 room Bed & Breakfast. - REDUCED - $199,900. On 2.39 acres - REDUCED - $149,900! INDIAN HEAD - 8 Unit apartment - $250,000. CONDITIONAL SALE! BRANDON: 62 rooms, REDUCED $2.9M WANTED: Apartments Strip Malls, Hotels/ Motels, Parking Lots. ALL LOCATIONS

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medical staff and services are pooled around the patient. employ more than 200 workers. While the “Instead of the patient travelling from floor announcement is not yet official, locals say to floor or from one end of the building to the K+S already has workers and equipment on other, patient services are centred around the site. patient,” McMorris explained. This year, the Thunder Creek Pork Plant opened in Moose Jaw, hiring 200 local workers. )PVTJOH There is currently a rush of both residential and Moose Jaw’s home builders are getting ready commercial construction, which has all helped for the looming influx of highly paid medito drop unemployment in the region to 3.5 per cal professionals, and miners. An example is cent, the third lowest in Canada. the new Iron Bridge Estates subdivision that is currently being developed by Iron Bridge 3FUBJM Estates Inc. Retail sales in Moose Jaw run around $712 mil- “The city of Moose Jaw is absolutely ready lion annually, 71 per cent above the national for this type of [high-end] country-residential average. The vibrant retail scene includes bou- subdivision,” according to Brian Walz of tique storefronts downtown, big-box retail on Royal Lepage Landmark, which is handling the fringe and the large Town N Country shop- sales. ping mall. Iron Bridge’s 91 lots range in size from A shortage of skilled workers is about the 16,500 square feet to 48,500 square feet – three only threat to Moose Jaw, and one that is being to four times the average lot size in Moose Jaw eased by an average of 2,500 graduates every – and were all put in place at once. Some large year from the SIAST Palliser campus, a tech- houses are under construction, though landnical and trade college. scaping in the master-planned community is Graduates will be needed not only for the just being finished. The luxury, detached housnew potash mine and local manufacturers but es will be priced at up to $1 million in a city also for the new Moose Jaw regional hospital, where the average resale house price is around which is a $100 million state-of-the-industry $200,000. facility. The building permit stats show what is hapSaskatchewan Health Minister Don pening: in the first six months of this year, 46 McMorris said that construction will begin new homes were started, valued at $14.1 milnext year and will be completed by the end of lion, up from $12.4 million in the same period 2015. The hospital will be the first large hos- last year. pital in Canada using “lean design,” wherein Total building permits, including non-resi-

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Farm & Acreage Specialist 306-222-7770 s ed@edbobiash.com www.SaskLand4Sale.com Petrofka Bridge Orchard MLS® 410521 Beautiful acreage / progressive apple orchard located on the North Saskatchewan River 55 kms north of Saskatoon. $849,900 Shell Lake Gravel Land MLS® 399171 Land with gravel deposits 137 +/- acres $1,199,000 SE Perimeter Investment MLS® 401141 Inside of new proposed perimeter hwy in Saskatoon 160 acres $2,200,000 Koop Acreage #3/Hay Land MLS® 397743 60 acres north of Blackstrap Lake $99,900 Neufeld Acreage MLS® 410654 Mature trees, 1220 sq ft bng, barn 3 car garage on 1.77 acres $279,900 Colonsay Acreage MLS® 399553 5 bedroom 2 storey home on 160 acres. Pole shed and corrals $334,900 Lot 8 Delaronde Bay MLS® 409456 Custom built log home. Four season retreat at Delaronde Lake $339,900 Turtle Lake Tranquility MLS® 404411 Fractional ownership custom build log cabin, garage with loft $229,900

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SASKATCHEWAN MOOSE JAW ✪

Regina

39 13

U.S.A.

.PPTF +BX 4, Population 36,000 Average resale house price $200,000 Acre of industrial land $150,000 Unemployment rate 3.6 per cent Residential vacancy rate 1.3 per cent

dential, are averaging more than $1 million per month this year, with commercial and industrial construction accounting for $1.7 million in June alone according to the city’s building department. But the big news is the city’s new arena. In August the city opened the $62 million multiplex, Mosaic Place, which includes the new home of the Moose Jaw Warriors hockey team as well as eight curling sheets. The permit numbers give solid evidence to Thorn’s statement: “Moose Jaw is open for business.”◆

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REAL ESTATE SOLUTIONS! Development Land For Sale

Weyburn, SK 3.72 acres located in the RM of Weyburn. Property is situated between Highway #13 and Highway #39. Ideal for sub-division into industrial lots.

See this property and more on our website! www.avisonyoung.com

For more information contact:

ART INGLEBY (306) 359-9799

Tim Hammond, BSA, P. Ag. Owner - Broker www.TimHammond.ca

306.948.5052 Office 306.948.9168 Cellular Tim.Hammond@Sasktel.net

Incredible Riverfront property near Outlook 77.4 acres of pristine Saskatchewan property with breath taking views from the rolling hills and the 1,072 metres of sandy shoreline along the South Saskatchewan River. Comprised of sandy beaches, rolling hills, native grass, mature trees, valleys, and a multitude of magnificent views. It offers a truly incredible location to build your future dream home and Only 45 minutes from Saskatoon. $279,900 MLS® 395241. http://Riverfront.TimHammond.ca

Turn key business in the busy community of Langenburg, SK. located on the Yellowhead Hwy close to major Potash expansion. 8,300 sq ft includes 6 lane bowling alley with licensed 56 seat restaurant & 64 seat meeting/lounge area. Building & equipment in excellent condition with many new upgrades. $350,000 MLS 409520 Call Guy Shepherd 306-434-8857 http://BowlingAlley.TimHammond.ca

Demaine Hotel close to Lake Diefenbaker. Business revenue lines incl: 36 seat restaurant, takeout pizza, 7 hotel rooms, licensed beverage room (96), & VLTs. Loyal cliental & seasonal traffic generate phenomenal returns. Asking $399,900 Exclusive! http://Demaine.TimHammond.ca

A & D Foods, Perdue, SK $129,900 MLS 381333 Well established grocery store/ liquor vendor located in Perdue (about 35 min. West of Saskatoon). Very clean & well maintained. Price includes: land, buildings, fixtures, & equipment. Inventory is extra and will be valued at cost upon completion (Typically $50K - $60K). Solid, consistent sales. Back currently used for office & storage but was once used for a residence.

FOR SALE Highway 9 South, Hudson Bay, SK Land Size: ±18.88 Acres Building Size: ±39,380 sq. ft. Sale Price: $1,900,000 Contact: Eugene Hritzuk or Davin Heiser

FOR LEASE MATRIX BUSINESS PARK PHASE II 3703 Millar Avenue, Saskatoon, SK Available units from 5,250 to 65,000 sq. ft. Competitive market rates Contact: Jayson Elenko

ICR Commercial Real Estate icrsaskatoon.com ME

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4 plex, bilevel style totally renovated. Many reno's and upgrades include walls, paint, laminate flooring throughout including common area, kithcen cabinets , windows, doors, counter tops, bathrooms redone, low flush toilets, new fixtures, shingles, vinyl siding and insulation. 4 two bedroom units; main floor one unit has a 2 bedrooms and den; the other has 2 bedrooms and balcony, 2 two bedroom units on lower level. Each unit has its own furnace, storage room, plug in, access to porch and yard. 24x14 detached garage with roughed in infloor heat plus 24x14 addition with concrete floor, 1824 sq. ft. building on a 125x150 sq. . ft. lot. Located in Blaine Lake Sask. 80 km north of Saskatoon. Asking $379,000 MLS.

Very attractive 3600 sq. ft. brick building in excellent condition with recent renovations that include metal roof, wiring, radiant heat, lighting, windows, paint throughout. Ideal building for commercial, retail or warehouse, has a full basement, storage area at back of the building. Located on a corner lot on a busy main street which is part of highway 12, lots of lake traffic, room for extra parking or expansion at rear of building. Currently operates as Rosemarie's Fashions with alterations room and coffee shop. Business has been in operation for 21 years, located in Blaine Lake, SK., 80 km north of Saskatoon. Asking $125,000 MLS.

Gary Hupaelo • 306-221-7190 Norland Realty

ghupaelo@sutton.com • 3020 Arlington Ave, Saskatoon

605A Main St. N., MOOSE JAW, SK

PH: 1-877-694-8082 LANDMART Independently Owned and Operated

Email: landmart@sasktel.net Web: www.royallepagelandmart.com

Business / Investment Opportunity • MOOSE JAW, SK

Prime commercial property located in west central Moose Jaw. 10,000 sq. ft. building with mezzanine floor and shop area. Well designed floor space, well maintained, paved parking. An outstanding multi use facility.

Excellent commercial property suitable for many types of businesses. 16 acres. Multi-purpose buildings. Service road frontage with easy access and good visibility from the TransCanada highway.

Call Brian Walz (306) 631-1229 or Mike Walz (306) 631-7232

FOR SALE 1710 4th Avenue, Humboldt, SK Land Size: 216’ x 445’ = ±91,120 sq. ft. Building Size: ±27,812 sq. ft. Sale Price: $750,000 Contact: Ken Kreutzwieser

FOR SALE 701 - 45th Street, Saskatoon, SK Land Size: 321.5’ x 445.9’ = ±143,356.8 sq. ft. Building Size: ±89,817 sq. ft. Net Income: $673,627.50 Annually Sale Price: $8,200,000 (8.2 Cap) Contact: Ken Kreutzwieser

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“Saskatchewan’s largest commercial real estate company”

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Polo Park fills vacant space

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early two years after losing one of its biggest tenants, Polo Park Shopping Centre is full up. The biggest mall in Winnipeg recently signed a lease agreement with Urban Planet, a clothing retailer geared toward young people, to move into the 22,000-squarefoot space vacated by McNally Robinson Booksellers after it filed for bankruptcy protection early in 2010. Deborah Green, general manager of Polo Park, said it was difficult to find a retailer who was willing to move into the non-mall space in the basement. It was worth it, though, as now the mall has virtually 100 per cent occupancy. Urban Planet plans to make the Polo Park store its flagship location, where it will offer “up-to-the-minute� fashion. Green was able to put the welcome mat out for another high-profile tenant, too. Coach, a U.S.-based retailer of ritzy handbags, wallets and shoes, christened its first Winnipeg location this month. Targeting women in the 30-to-50-yearold age group, Coach promotes itself as an “affordable luxury brand.� “We can get men out of trouble,� joked Rebecca Marsh, district manager for its central Canada operations. “A happy wife means a happy life.� Marsh said Coach chose Polo Park for its store because the mall has many other highend retailers, such as Sephora and Apple.

and television news broadcasts. The Winnipeg Jets revealed its long-awaited uniforms to the public in early September, as a quartet of players walked down the ramp of a Canadian Forces Hercules aircraft at 17 Wing’s Winnipeg hangar. Wearing sweaters featuring the team’s air-force-inspired logo, the players, led by captain Andrew Ladd, were given a hero’s welcome by several hundred invited guests on the tarmac. The reception was no surprise considering the hockey buzz in Winnipeg gets louder every day as the October 9 home opener against the Montreal Canadiens gets ever closer. The team has spent nearly $10 million upgrading the seven-year-old MTS Centre, where it will play its games this season. The renovations include new flooring and paint colour schemes throughout the building as well as the construction of concession areas in the upper bowl. The team has also done its best to appease its fans who weren’t lucky enough to score seasons tickets – which sold out in a matter of days in June – by launching a website where fans can exchange tickets at face value, thereby reducing the market for scalpers.

Will Telpay end use of cheques?

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innipeg’s new football stadium is finally underway and appears to be worth the

wait. “This is going to be a world-class stadium. It will blow a lot of North American stadiums out of the water,� said Mike Clynes, team project manager with Stuart Olson Dominion, which is overseeing construction of Winnipeg’s latest mega project. Construction costs for the stadium, which has an inflatable roof, are projected at around $5,900 per seat, which Clynes said is lower Football stadium under construction than other stadiums built in North America at U of M campus. over the past few years. After years of wrangling between the Winnipeg Blue Bombers and three levels of government, the team’s new 33,000-seat stadium is starting to take shape on the University of Manitoba (U of M) campus. The construction zone is a sea of workers and machinery and will remain that way until the $190 million project is completed next spring. The focus is on making sure CFL fans experience good concessions, good seats and access to a reasonable number of washrooms. But the stadium will also sport some technological features that will make the team’s current home seem prehistoric by comparison. Fans will be able to watch highlights and order food and beverages to their seats on their smartphones. They will also be able to use e-tickets to gain entry to the stadium, just like they do when travelling by airplane. cheques. The former can also be completed in 24 hours while the latter usually takes three to five days, Loewen said. There are 500 million cheques issued in Canada each year.

Winnipeg-based company is hoping to make Manitoba the electronic bill paying capital of Canada. Bill Loewen, founder and chairman of Telpay, a provider of e-payment systems, says the cheque is on life support and could be eliminated entirely for both business and personal transactions by 2020. He says this is one of the rare times when consumers’ habits are leading those of business. As soon as companies realize that writing paper cheques to pay suppliers and service providers is costing them both time and money, he’s confident they’llmove away from nly in Winnipeg could the unveiling of a the centuries-old payment method. E-payment systems typically cost 50 cents hockey sweater top the launch of a proper transaction compared with $2 for paper vincial election on newspaper front pages

Jets unveil new hockey uniform

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Aid promotes rural lawyers

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wo pillars of the legal community in Manitoba have paired up to encourage would-be lawyers to work in smaller communities throughout the province. The Law Society of Manitoba and the law school at the University of Manitoba (U of M) have launched a new pilot program entitled the Forgivable Loan Initiative. The Law Society will provide up to $25,000 in annual living expenses for the duration of the students’ three-year law degree while tuition will be covered through bursary pro-

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grams overseen by the U of M. Once they graduate, their total costs will be forgiven at a rate of 20 per cent annually for five years if they practice in a rural area. “Fifty years ago, every small community had at least one or two lawyers in town. Now a lot of them don’t. [The towns] are having trouble attracting people out there to refresh the profession,� said Allan Fineblit, CEO of the law society. He said research shows that the most likely law school graduates to agree to work in rural areas are those that came from those very communities. If they fail to stick it out for the minimum five-year period, the students will have to pay back whatever percentage of their costs is outstanding. The program kicked-off with one law student this fall and is expected to grow to four students next year.◆ – Compiled by Geoff Kirbyson

INVESTOR OPPORTUNITY Two newly built, fully tenanted retail bldgs. 10 year leases in place National Tenant with over 250 locations Two buildings totalling 20,080 square feet 15% ROI with existing financing Sale Price: $2,350,000 or $117 per sq ft 9.5% cap rate Maintenance free, hassle free, sit back and collect rent!!! Realtor cooperation – 2%

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BEAR COUNTRY COTTAGES, 7 newly constructed luxurious 2 and 3 bedroom cabins designed to pamper couples, accommodate a family of eight or small groups. Each cabin has hot tub, steam showers, home theatre system w/ surround sound, a full kitchen. Site also includes a seasonal takeout pizza restaurant, children’s playground and ofďŹ ce. One hour drive north of Winnipeg on 35 acres of private forested land. $850,000.

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B34 www.westerninvestor.com OCTOBER 2011WESTERN INVESTOR SPOTLIGHT Selkirk flush with government paycheques, a budget surplus and big-time retailers

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f Selkirk is considering replacing its “Catfish Capital of the World� nickname, it might want to consider “Mo.�

That’s because the widespread momentum generated in Manitoba’s sixth-largest city is picking up steam and showing no sign of slowing down. Anchored by government jobs – it has the largest mental-health facility in Manitoba – a steel mill and tourism, this centre on the banks of the Red River draws both workers and visitors from Winnipeg, 22 kilometres away. The small city of nearly 10,000 is also sitting on a $1 million budget surplus, despite spending freely on civic improvements. Construction on a new hospital is expected to begin this fall, a couple of hundred condominium units should be built within the next two years and new retailers such as Staples and Rogers Communications have signed on to open up in town. “Right now things are really rolling. It’s an exciting time to be here,� said Larry

Johannson, Selkirk’s mayor. “It seems almost weekly that there is something new opening up. There’s a real buzz in Selkirk right now. Our people see the improvement and they’re excited Giant catfish greets about it. I’m hearing visitors to downtown it daily.� Selkirk, Manitoba.

Photo: City of Selkirk

GEOFF KIRBYSON

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Not all the good news is above ground, either. Thanks to a $6.5 million grant from the federal government, Selkirk has doubled the size of its water-treatment plant and completed a storm sewer separation project, which should eliminate basement flooding. “[Residents are] wondering why it wasn’t done 30 years ago,� Johannson said. Not only is there capacity for future development, but the city could also sell water and waste services to neighbouring communities such as St. Andrews and St. Clements. On the health, fitness and fun side, the city

Population 9,500 Average house price $200,000 Major employers Government, Gerdeau steel mill, retail services Potential Regional shopping and service centre

spent $200,000 on a splash pad in Selkirk Park and replaced all of the playground equipment. It upgraded the playground equipment in Hydro Park, too, and augmented it with year-round fitness equipment for adults.

city. “It’s the regional shopping hub for the trade area. It has the only Safeway, Canadian Tire, Wal-Martand Staples [for miles around]. It has all of the chartered banks; no other centre in the trading can say that. There’s a reason to come here,� he said. Selkirk has about 60,000 people in its trading area. Pearson said Shindico has some undeveloped property where it would like to build a home-improvement centre to round out the retail offering in the area.

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Selkirk has slowly amassed a top-notch group of national and international retailers – like Wal-Mart and Canadian Tire – over the past few years, many of which were brought to town by Shindico Realty. Staples will join the group later this year when it opens a 15,200-square-foot store in the Selkirk Crossing power centre. Wal-Mart recently expanded its location into “super centre� format. John Pearson, a commercial broker with Shindico, said the company wouldn’t be spending so much time, effort and money on Selkirk if it didn’t have tremendous confidence in the

The commercial boom isn’t trickling down to the local housing market, however, despite a general upturn in Manitoba home sales and prices. Albert Sheppard , a realtor at Frontier Realty, said house prices, at an average o f $200,000, are stable in Selkirk, but houses in nearby communities are appreciating in value. He’s at a loss to explain the housing market stagnation but he’s confident that the conditions are turning in its favour. He said the city is running out of room to build more houses so decreasing supply should boost both demand and prices in the coming months and years.◆

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Family Opportunities! MOTEL: 54 rooms, major reno's, Price $1,999,000 STORE: 2 Million in sales, newer building, new equipment. Price $1,099,000 MOTEL: 42 rooms, plus campground. Price $1,575,000 STORE: 1 Million in sales, well established. Price $329,000 MOTEL: 14 rooms, living quarters, sales $200,000. Price $449,000 HOTEL" 45 minutes from airport in Winnipeg. Price $329,000

Century-21 Westman.com Brandon, MB

Direct Line: 204-729-5074

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Pizza app goes online

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CruiseShipCenters opens in Ladner

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xpedia CruiseShipCenters of Richmond has opened a new outlet in South Delta. Franchise owners Carole Petersen and Gina Holvick started their first CruiseShipCenters in Richmond in 1992, which at the time was the sixth CruiseShipCenters franchise. After a partnership with Expedia in 2005, the franchise expanded to more than 150 franchises across Canada and the United States.

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easier more convenient way of ordering that is better suited on a mobile device,” he said. The app also features app-only specials and gives customers a variety of payment options such as ordering via mobile or paying at their dmonton-based Pizza 73 is the first Western Canadian pizza franchise to Canada’s franchise industry roll out an iPhone application that allows door. “Innovation at Pizza 73 is part of our culcustomers to order pizza through a free app ture, and one of the driving forces is customer download from Apple’s App Store. The app convenience,” Finelli said. “We were the first In 2010, Expedia CruiseShipCenters/ to launch a one-phone number system.” also includes the full Pizza 73 menu. Richmond was honoured as the chain’s franPizza 73 is not a franchise but, rather each “Our strategy is to offer added convenience chisee of the year. of its 72 locations is a 50/50 joint venture Vancouver-based Expedia CruiseShipCenters for customers and to attract a new customer between an independent operating partner base by offering a service that is unique to is a full-service travel agency that can assist the industry,” said Pat Finelli, chief market- and Flying Pizza 73 Inc. A total investment with any travel plans, with an emphasis on of approximately $100,000 is required for a ing officer of Pizza 73. “[We also wanted] to cruise ship vacations. location. reduce call centre costs and labour requireWorldwide, the cruise industry has had an Pizza 73 is currently looking for real estate ments.” annual passenger compound annual growth as it expands in Western Canada. According to “The iPhone platform is the first phase of rate of 7.67 per cent from 1990 to 2011, Finelli, the company is searching for opportuour mobile strategy,” according to Finelli. according to Cruise Market Watch. nities in Edmonton, Calgary as well as towns “Our analytics show the greatest amount The initial franchise fee for an Expedia across Western Canada with populations of clicks to our current website comes from CruiseShipCenter franchise is from $3,995 to exceeding 20,000.◆ iPhone customers. $43,000, plus a flat royalty fee and advertis“This new app will allow these customers an ing fee. – Compiled by Kevan O’Brien

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Photos: Enviro Paving Corp.

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WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com

Before (L) and after (R) photos show paving with recycled rubber.

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.C.-based Enviro Paving Corp., which takes the term “the rubber meets the road” literally, is a franchise with possibilities. Rubber paving is a cost-effective, timesaving and environmentally friendly alternative to traditional concrete and asphalt paving, the company claims. Not only does the company pride itself on creating safer, more durable surfaces than rock-based alter-

natives, it does so while using recycled crumb rubber – primarily from used car and truck tires. Anyone who has ever ran on a rubber trackand-field track will know what the company is talking about. “There’s more than eight billion used tires in the world, and many of them just sit at landfills,” said Kathy Ratchford, president and owner of four Enviro Paving franchises in B.C. “We have designed a glue that combines with

the rubber crumb to create a unique paving product.” A mixer combines the glue and rubber crumbs and it is applied between one inch on asphalt or concrete to two inches on dirt or gravel, which gets compressed down with a roller. The durable surfaces come in a variety of colours and are seamless when applied. To reinforce the franchise’s name, all the rubber used is from recycled tires, and the rubber paving can be recycled if ever uninstalled. The rubber surfaces are permeable, which allows rain water to go straight through to the earth below – eliminating the need for drainage or run-off routes, the company explains. “We’re gearing up for the November Franchise Show in Vancouver,” Ratchford said. “We have between 80 to 100 opportunities across Canada for Enviro Paving franchises, and we’re looking at getting seven or eight more in B.C. immediately.” The Canadian company is seeking to open on Vancouver Island as well as various locations in the Lower Mainland, she said. While most the company’s projects are residential and small business, large projects have

been completed including an Enviro Paving contract at a major golf course in Metro Vancouver. Enviro Paving is partnered with the Professional Golf Association, and plans to be working on several more courses in the near future. The Tire Stewardship of BC works closely with Enviro Paving on projects and a senior’s centre in Sicamous, B.C., is one of their partnered projects. A grant from the Tire Stewardship provided the rubber-surfaced outdoor entryway, as well as a portion of a walkway adjacent to the building, which Ratchford said is safer for seniors to walk on. “The Tire Stewardship of BC requires that the rubber used must be from within the province for obtaining grants,” said Ratchford. “We’re currently working on obtaining our LEED [Leadership in Energy and Environmental Design] certification and want as much of our crumb rubber to be sourced locally [as possible].” An Enviro Paving franchise requires about $70,000 for the initial fee, plus $40,000 is required for tools, equipment and a cube van. “No related experience is needed, and training is provided,“ Ratchford said. “If you can paint, you can pave it.”◆

Own Your Own Country Existing Franchise Available – Golden, B.C. abc Country Restaurants has 40 years of family dining experience. If you like the idea of being up front in your own restaurant, backed by a strong corporate team, abc is the high profile brand for you. Our restaurants serving Country Comfort for Breakfast, Lunch, Dinner & Dessert - many with profitable meeting rooms - dot the BC and Alberta landscape. We are looking for good franchisees and welcome your inquiry. s 3ITE 3ELECTION $ESIGN s 4RAINING /PERATIONS 3UPPORT s -ENU $EVELOPMENT s -ARKETING s ,EASE .EGOTIATIONS )NVESTMENT RANGE FOR NEW LOCATIONS n )NVESTMENT RANGE FOR CONVERSIONS n

Call me today to own your own country!

FRANCHISE WITH EXPERIENCE A franchise partnership with DQ®, a Berkshire Hathaway Company, enables you to enjoy the benefits of a well-established family of concepts such as: UÊÈä³ÊÞi>ÀÃÊ vÊvÀ> V à }ÊiÝ«iÀ i Vi UÊ-ÌÀ }ÊLÀ> `ÊÀiV } Ì UÊ-ÕLÃÌ> Ì > Ê«ÕÀV >à }ÊÃÌÀi }Ì Ê> `Ê>`ÛiÀÌ Ã }Ê« ÜiÀ UÊ ÝVi«Ì > ÊvÀ> V ÃiÊÃÕ«« ÀÌÊÃiÀÛ ViÃ

Gordon Beattie, President (604) 583-2919 local 22 abc Country Restaurants Inc. 15373 Fraser Hwy. Surrey, BC V3R 3P3 email: info@abcCountry.ca www.abcCountry.ca

Our Vision for the Future “We will be the franchise food system of choice!”

Phone:

CONNIE WOLBAUM

CHRIS FALLE

FRANCHISE DEVELOPMENT MANAGER AB/SK

DIRECTOR OF FRANCHISE DEVELOPMENT BC/MB

306-949-7889

Email:

connie.wolbaum@idq.com

Phone:

(604) 952-0202

www.dairyqueen.com

Email:

chris.falle@idq.com

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