Western Investor April 2012 Section B

Page 1

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

6 SYNDICATES TARGET FARMS

Investors harvest profit from Prairie ranchlands

▲

Brett Wilson, chairman of Prairie Merchants: Alberta acres will grow houses, but Saskatchewan is the prize

17 AIRDRIE’S ADVANTAGES

Calgary ‘burb lures with low taxes, CN upgrades and fast highway access

.C. hoo: Ju

23 BUILDING AN INSTANT TOWN

BHP Billiton conjures fast community for 2,500 potash miners

25 FLIN FLON BODY EXPOSED

High-tech aerial surveys find signs of potentially huge copper discovery SPECIAL SECTION • A22

LIFESTYLE PROPERTIES

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

$4.29 APRIL 2012 Vol. 27/Issue 4

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

www.westerninvestor.com APRIL 2012WESTERN INVESTOR

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

www.colliers.com/kelowna

Indoor Car & Truck Wash w/ C-Store

SOPA SQUARE

DOWNTOWN VERNON

s 'AS 3TATION WITH # 3TORE s #OMMERCIAL #ARDLOCK s 0ROPANE #ARDLOCK

s -IXED USE RETAIL COMMERCIAL RESIDENTIAL AT 0ANDOSY +ELOWNA s 0ROXIMITY TO +'( /KANAGAN ,AKE 5P TO SQ FT OF OFFICE SPACE AVAILABLE ,EASE OR 0URCHASE www.sopasquare.com

s SQ FT BUILDING W UNDERGROUND PARKADE FIXTURE RESTAURANT LIQUOR PRIMARY LICENSE Reduced to: $1,695,000 7092 Pleasant Valley Road, Vernon s #OURT ORDERED SALE SQUARE FOOT SHELL BUILDING ON ACRES JEFF HUDSON* www.bcip.ca

JACK SHABBITS & ERIC WEBER*

0%23/.!, 2%!, %34!4% #/20

MIKE GEDDES*

1940 UNDERHILL ( SCHOOL DISTRICT 23 KELOWNA ) s 3UPERIOR LOCATION n ACROSS THE STREET FROM /RCHARD 0ARK -ALL s 0OTENTIAL TO REZONE TO MIXED USE COMMERCIAL HI RISE MULTI FAMILY s ACRES ON RELATIVELY FLAT SITE List Price: $6,900,000

MULTI TENANT INDUSTRIAL – PENTICTON s #!0 2ATE ON FULL LEASE UP s SQ FT s SF BUILDING ON ACRE ONLY VACANCY List Price: $2,900,000 www.bcip.ca *%&& (5$3/. -!23(!,, -#!.%2.%9

DOWNTOWN KELOWNA MULTI FAMILY DEVELOPMENT SITE s ACRES :ONED 2- s -ANY UPGRADES COMPLETED REQUIRES ONLY $0 TO COMMENCE CONSTRUCTION List Price: $1,700,000 #HAD "IAFORE -ARSHALL -C!NERNEY

0%23/.!, 2%!, %34!4% #/20

DEVELOPMENT SITE – KELOWNA NORTH s SITES ACRES AC s ,OCATED IMMEDIATELY . OF THE $ 4 s :ONED INDUSTRIAL REZONING MAY EXIST s 3ELLER MAY LEASE BACK A PORTION List Price: $10 M & $5.5 M %2)# 7%"%2 -!23(!,, -#!.%2.%9

230 CARION ROAD, WINFIELD s SQ FT CONCRETE BLOCK INDUSTRIAL BUILDING ON ACRES s SQ FT OF OFFICE SPACE ON FLOORS

List Price: $2,690,000 %2)# 7%"%2 *!93/. -##!24(9

HYDE MOUNTAIN GOLF COURSE

391 TILLEY ROAD, WINFIELD s BAY CONCRETE TILT UP BUILDING SQ FT ON ACRE SITE s &OR ,EASE PSF

s 3ICAMOUS " # s TOTAL DEVELOPABLE UNITS List Price: $15,000,000 Chad Biafore & Marshall McAnerney*

For Sale: $1,495,000 %2)# 7%"%2

247 BRIDGE STREET, PRINCETON

YOUTH HOSTEL s ,OCATED IN THE /KANAGAN 6ALLEY THIS IS A VERY WELL ESTABLISHED AND PROFITABLE BUSI NESS s (OSTEL IS ADVERTISED WORLD WIDE AND HAS AN ESTABLISHED CLIENTELE List Price: $879,000 %2)# 7%"%2

s SQ FT BUILDING FORMER GROCERY STORE s ON SITE PARKING STALLS SITE COVERAGE ON ACRE

List Price: $1,175,000 "/" '!5,%9

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

O f fice: Fax:

250-862-8100 250-984-0803

Syd Berisoff

Larry Berisoff

Jody L. Miller

Agent/Broker

Associate Broker

Personal Real Estate Corporation

syd@syberrealty.com

larry@syberrealty.com

jody@syberrealty.com

To view photos on these and other opportunities visit our website

www.syberrealty.com

VALEMOUNT B.C. s 0LAZA WITH $IVERSIlED 4ENANT "ASE s !NCHORED BY ,ORDCO AND #ANADA 0OST s !CRES ROOM FOR EXPANSION %XCELLENT ,OCATION s #ARD ,OCK ON 3ITE AND 'AS "AR #URRENTLY 6ACANT s $ 1,150,000 Asset Sale

NEW PINANTAN LAKE RESORT s .EARLY !CS W ABOUT FT OF 7ATERFRONT s #ABINS 26 3ITES .ICE (OME &ISHING 3WIMMING s :ONING &OR -OBILE (OME 0ARK 2ESORTS %TC s /NLY MINUTES FROM +AMLOOPS %XCELLENT FOR A 'ROUP 0URCHASE s $ 2,290,000 – Asset Sale

NEW MERRITT s 5NITS WITH "EDROOM /WNERS 3UITE s +ITCHENS 5NITS HAVE 3EPARATE "EDROOM s "UILT AND 3TILL THE 3AME /WNER s 3OLID "USINESS WITH .O !DVERTISING OR 7EB 3ITE s $ 695,000 ASSET SALE

s 5NITS s BDRM OWNER SUITE s 3WIMMING 0OOL 'REAT ,OCATION s About 3.6 x Gross $ 1,275,000

NEW OKANAGAN CAR WASH s %XCELLENT ,OCATION IN 6ERNON " # s 3TATE OF THE !RT #ONCRETE "LOCK "UILDING s "AYS "AY IS !UTOMATIC s $OGGIE 7ASH 6ACS 3ELF 3ERVE 7ATER $EPOT s Awesome Cash Flow. Call for Price.

NEW ONLY 3 HOURS FROM VANCOUVER s 5NIT -OTEL n ,OTS OF 2ECENT 5PGRADES s "EDROOM &AMILY (OME WITH 'ARAGE s 'OOD 3IGNAGE AND !CCESS 3OLID 3ALES s 4WO 0ROJECTS IN !REA FOR .EXT 9EARS s n !SSET 3ALE

AINSWORTH HOT SPRINGS! s 5NIT -OTEL n 7ALK TO THE 3PRINGS s 3EPARATE "EDROOM (OME s #LOSED FOR -ONTHS 9EAR s %XCELLENT 3NOW "IRD "USINESS s $ 599,000

HOUSTON, BC s -OTELS TOTALING 5NITS s 0RICED AT LESS THAN 5NIT s %ACH HAS A &REE 3TANDING 2ESTAURANT s -ANY 2ECENT 5PGRADES s /VER !CRES s $ 2,950,000 for BOTH!

LYTTON s UNIT -OTEL n +ITCHEN 5NITS s (ISTORIC "UILDING FOR 2ESIDENCE /FlCE s 3OLID 3ALES (ISTORY /VERLOOKS THE &RASER 2IVER s ! .ICE "USINESS FOR A #OUPLE s $ 490,000

NEW GRAND FORKS, B.C. s 0OTENTIAL " " OR 9OUR )DEAS s #LASSIC BUILDING "UILT !BOUT s 4OTALLY 2EBUILT IN !BOUT -ILLION 3PENT s "EAUTIFUL #HARACTER AND #HARM s &LOORS WITH 4URRETS "DRMS W "THRMS s ,OCATED ON 0LUS !CRES s $ 599,000

REDUCED SUN PEAKS s ,IVE 0LAY %ARN 7ALK TO 'OLF AND 3KIING s (OME WITH 4HREE $ISTINCT 2ENTAL 5NITS s #AN EARN AND ,IVE ON 3ITE s "EDROOM n "EDROOM 'REAT 6IEWS s (EATED $RIVEWAY 3KI )N (OT 4UBS AND -ORE s Was $ 895,000 now $ 850,000!

REDUCED PRINCETON, B.C. s 5NIT -OTEL n "EDROOM /WNER S 3UITE s "ONUS 3EAT 3USHI 4AKE /UT FOR %XTRA s )NDOOR 0OOL AND (OT 4UB s -ANY 2ECENT 5PGRADES s Was $ 988,000 now $ 899,000 Asset sale!

EAST KOOTENAY MOTELS s &ERNIE UNITS "DRM /WNER 3UITE s 26 3ITES ,ESS THAN X 'ROSS s $ 1,200,000 CRANBROOK

$0/5&/54 "13*- */5&3*03 # $ Â… "-#&35" Â… 4"4,"5$)&8"/ Â… ."/*50#" 4&$5*0/

FEATURES 6 0/ 5)& $07&3 -BOE SVTI UBSHFUT GBSNT

On the cover Former “Dragon� Brett Wilson now sees investor opportunities in Prairie farmland - and he is not alone. Photo: Jason Stang / www.stangphotography.com

Syndicates, speculators expect to harvest profits

17 "EWBOUBHF HPFT UP "JSESJF

Incentives, low taxes spur growth in Calgary suburb Download a PDF of all our Regional Roundups online at www.westerninvestor.com

25 8IBU UIFZ GPVOE VOEFS 'MJO 'MPO

High-tech mining search exposes huge copper body

COLUMNS 10 21 23 26 27

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

McLaughlin Commercial Group - RE/MAX Commercial - RE/MAX Kelowna

APPROXIMATELY 115.68 ACRES LAND ASSEMBLY IN NORTH GLENMORE/ UNIVERSITY DISTRICT

PRIME DEVELOPMENT SITES WINFIELD TOWN CENTRE FULLY SERVICED & READY TO BUILD 2.93 Acres - Lots 1 & 2 1.71 Acres - Lot 1 1.22 Acres - Lot 2 0.90 Acres - Lot 3 2.67 Acres - Lot 4

Minutes from Kelowna’s International Airport. One side abuts golf course in Quail Ridge. Gravel Pit is a permitted use!

$ 3,899,000 $ 2,500,000 $ 1,500,000 $ 1,000,000 $ 3,250,000

INDUSTRIAL STRATA UNIT AVAILABLE

SERVICE COMMERCIAL STRATA UNIT

$SSUR[ 6) RQ WKH PDLQ ÀRRU DQG Located near Reid’s Corner and 5 minutes SF on the mezzanine level. away from Kelowna’s International Airport. Zoned I1. 2 Exclusive loading docks and 1 - Zoned C10. Approx. 1,700 SF with multiple 10’x14’ overhead door. Multiple improvements RI¿FHV UHFHSWLRQ DUHD ZDUHKRXVH DQG already in place! boardroom. 1 x 14’x12’ Overhead door.

6.5 Acres – Asking: $6,500,000,00 + HST MLSŽ (Plus DLC – Latecomer Charges)

Asking: $355,000.00 + HST MLSÂŽ

Asking: $299,900.00 plus HST MLSÂŽ

70.80 Acres - Lot D 15.63 Acres - Lot 1 11.62 Acres - Lot 9 9.10 Acres - Lot 10 8.98 Acres - Lot 8

$5,318,000 $1,315,800 $ 962,200 $ 773,500 $ 763,300

This assembly comprises 5 lots that can be purchased individually or as a complete package.

Asking: $9,132,800.00 MLSÂŽ

SEARS WEST KELOWNA LOCATION

20+ YEARS OPERATING RESTAURANT WEST KELOWNA, B.C.

Gorgeous, new 12,000 SF distribution and highway exposure location. Turn-key package available with one of the best names in the business. Inventory is paid for by Sears and therefore there are no inventory costs!

Your First & Last Call!

Turn-key location available. Highway frontage and great exposure. Dining room has approx. 40 seats. Equipment and inventory are included within the price!

Asking: $425,000.00 + HST Exclusive Listing

Asking: $59,000.00 + HST MLSÂŽ LEASE OFFERINGS - Kelowna

- West Kelowna

NORTH GLENMORE COMMERCIAL DEVELOPMENT OPPORTUNITY

Approx. 3.32 acres with C9 zoning. Currently being operated as a mobile home DQG 59 SDUN 6LWH FXUUHQWO\ DOVR KDV WZR residences. Neighbouring proposed Glenmore Rd. to UBCO bypass. Asking: $3,300,000.00 Exclusive

- Kelowna

- West Kelowna - Vernon - Lake Country

- Kelowna

INDUSTRIAL 6) 1,569 - 7,295 SF 6)

2IÂżFH :DUHKRXVH New Tilt-Up 2IÂżFH :DUHKRXVH <DUG

RETAIL/OFFICE 6) 1,990 SF 6) 6) 1,100 - 3,300 SF 6) 6)

3DQGRV\ $UHD /RZHU 0LVVLRQ Downtown Kelowna 5HWDLO 2IÂżFH :DUHKRXVH 8SSHU 0LVVLRQ .HWWOH 9DOOH\ Main Floor Shell Units 6RXWK 9HUQRQ +LJKZD\ 5HWDLO 3DGV 6LWHV

SERVICE COMMERCIAL 6) 6) 6)

Ken McLaughlin, B.Comm. - 250.870.7845

&RPPHUFLDO ,QGXVWULDO 0L[ 2IÂżFHV :DUHKRXVH 2IÂżFH

WEST KELOWNA INDUSTRIAL LAND & BUILDING FOR LEASE Approx. 6,000 SF building footprint. Approx. 1.22 acres with the ability for outdoor storage. 4 x 10’x14’ Overhead doors, 600 $03 SKDVH HOHFWULFDO VHUYLFH RI¿FHV reception area, and washrooms. Asking: $5,000.00 per Month + HST & NNN

Kris McLaughlin - 250.870.2165

B4 Interior B.C./Business Opportunities BUSINESSFORSALE NEAR CHASE, BC

BARRIERE, BC

For Sale Well maintained, 12 year old, privately owned arena centrally located in the Tournament Capital of Canada. With a fully licensed and established lounge, this rink is exposed to thousands of registered youth and adult hockey/figure skaters. This is a turnkey operation awaiting a passionate owner/operator. The facility runs at near capacity during lucrative peak/winter season, as well as yielding year-round revenue during summer camp and tournament programming. An extensive list of assets will be available for both lounge and rink on request. A list of assets is available on request.

UĂŠ{n³Ê VĂ€iĂƒĂŠ,Ă•Ă€>Â?ĂŠ,iĂƒÂˆ`iÂ˜ĂŒÂˆ>Â? UÊÇÊ VĂ€iĂƒĂŠÂœvĂŠÂŤ>ĂƒĂŒĂ•Ă€i UĂŠ*>Ă€ĂŒÂ?ÞÊvi˜Vi` UĂŠĂŠ9i>Ă€ĂŠĂ€ÂœĂ•Â˜`ĂŠVĂ€iiÂŽĂŠEĂŠĂœ>ĂŒiÀÊÂ?ˆViÂ˜Ăƒi UĂŠ/Ă€ii`]ĂŠĂœÂˆĂŒÂ…ĂŠĂƒÂœÂ“iĂŠĂŒÂˆÂ“LiĂ€ UĂŠĂ“ääĂŠ *ĂŠĂƒiĂ€Ă›ÂˆVi UĂŠ"Â?`iĂ€ĂŠĂŒĂ€>ˆÂ?iÀÊ UĂŠ-iĂ›iĂ€>Â?ĂŠ}œœ`ĂŠLĂ•ÂˆÂ?`ˆ˜}ĂŠĂƒÂˆĂŒiĂƒ

Established October 2010 A unique shavings mill business manufacturing premium quality shavings from BC’s surplus pine. The material is compressed into industrial sized packages and is widely distributed. Supply agreements pending. Owner is ready to sell. Business has had strong sales since the ďŹ rst of the year. Turnkey operation.

ĂŠ $250,000.00

$700,000 and take over ďŹ nancing. Excellent time to enter!

250-672-9642

Ron at 250.804.3305

www.westerninvestor.com APRIL 2012WESTERN INVESTOR

Call: 250-377-4282 or Email: ichockey@telus.net

`LĂ•Ă€ÂŽÂˆiĂ“䣣J}“>ˆÂ?°Vœ“

Each office is independently owned and operated.

$588,000

Live, Work, Play...

Attention

...in Kicking Horse Country APOSTOLES RESTAURANT

Agents:

UĂŠĂ“ĂŠĂƒĂŒÂœĂ€iÞÊ Ă•ÂˆÂ?`ˆ˜}]ĂŠ,iĂƒĂŒ>Ă•Ă€>Â˜ĂŒĂŠĂŠĂŠ Business & Accommodation

Commercial building in the heart of downtown Fernie, BC

UĂŠ/ÂœĂŒ>Â?ĂŠ/Ă•Ă€Â˜ĂŠ iÞÊ"ÂŤiĂ€>ĂŒÂˆÂœÂ˜ĂŠvÂœĂ€ĂŠf™™x]äää UĂŠLocated downtown Golden, B.C.

3000sqft main oor commercial space and two partially ďŹ nished residential suites upstairs waiting for someone to ďŹ nish the renovations. MLS K4100066

Open to possible lease/purchase offers.

REACH QUALIFIED BUYERS FOR YOUR LISTINGS

BOB TEGART 250-272-4321

Abe Martens 250-430-1070 RE/MAX Elk Valley

bob@remaxgolden.com RE/MAX of Golden

OKANAGAN OPPORTUNITIES Acreages

Court Ordered Sales

Investment Properties

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Tim Down AACI, P. App, CAE, RI(BC) "Professionalism You Can Trust"

The HEIDI LUSSI Real Estate Team

MLSÂŽ

Cell: 250-864-9140 Toll: 1-800-367-3339 tim@timdown.ca www.timdown.ca RE/MAX Kelowna Westside

call Gary

Takahashi

toll-free: 1-800-661-6988 tel: (604)

669-8500 or fax: (604) 669-2154 gtakahashi@westerninvestor.com

LIVE, WORK & PLAY IN THE BEAUTIFUL NORTH OKANAGAN

Call us today for all your real estate needs! s (OMES CONDOS s (ORSE PROPERTIES s (OBBY FARMS s 7ATERFRONT RECREATIONAL

Deutsche Beratung Heidi Lussi Personal Real Estate Corporation

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

s #OMMERCIAL

#253( ")342/ s 3UCCESSFUL "ISTRO IN DOWNTOWN 6ERNON LOCATION s 3EATS INSIDE ON THE PATIO s (UGE GROWTH IN PAST YRS W LOTS MORE POTENTIAL s 4URN +EY /PERATION 9OUR /PPORTUNITY s )NCL EQUIPMENT LEASE HOLD IMPROVEMENTS BUSINESS s

37!. ,!+% 26 0!2+ #!-0'2/5.$ s ACRES WITH FT LAKE FRONTAGE s 26 SITES W FULL HOOK UPS s BED RESIDENCE W LRG WORKSHOP s 7ASHROOM 2ETAIL STORE ,AUNDROMAT s :ONED # # n UNIQUE HOLDING PROPERTY s

Toll Free: 1-800-667-2040 Bus: 250-503-3487 Email: heidi@heidilussi.com

HeidiLussi.com

Each office is independently owned and operated.

WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

Interior British Columbia B5 BUSINESS AND INVESTMENT OPPORTUNITIES UÊÊ >À}iÊ >V iÉ7i ` }Ê- «Ê– Suitable for investor or owner/operator. Includes land & buildings. fÓ°ÓxÊ UÊ Vi Ãi`Ê >ÀiÊ >V ÌÞÊ qÊ > «ÃÊ – 9 bedrooms, 7 bathrooms on spacious lot. Built in 2008. Has all amenities needed. Well-priced atÊfÈÇx]äää COMMERCIAL BUILDINGS UÊ > «Ã – 6100 sf bldg. Large yard

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UÊ > «Ã – 2 Tenants – 8.5% Cap

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UÊ }> Ê > i – 3 Tenants - Well Established "7ÊfÓÇ ]äää UÊ > «Ã – Future Highrise expansion

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UÊ >V iÊ Àii – Hwy Frontage – Secure Yard

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

DEVELOPMENTAL LAND AND

GOLF COURSE FOR SALE IN THE BEAUTIFUL BC INTERIOR

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

Dwight Vos 250.371.7992 Tracy Mackenzie 250.318.2938

BEST-WEST REALTY LTD. 250.554.4511

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

VERNON SELF STORAGE BUSINESS OPPORTUNITY YOUR CHOICE OF TWO PURCHASE OPTIONS Option 1 Business OnlyÊ Lease Land & Buildings 9.5% Rate of Return Asking Price $1,899,000 Option 2ÊBusiness plus Land & Buildings. 7.7% Rate of Return Asking Price $4,199,000 UÊÊÓ°Ç£Ê VÀiÃÊUÊ, Êv ÀÊ Ý«> à UÊÓxnÊ1 ÌÃÊUÊ* ÕÃÊnäÊ-Ì À>}iÊ Ì> iÀà UÊ VÀiÌiÊL V ÊV ÃÌÀÕVÌ UÊ ° °Ê/ «Ê£äÊ1 >Õ Ê V>Ì

UÊ } Ê Ý« ÃÕÀiÊ V>Ì UÊÊ > >}iÀ½ÃÊ,ià `i Vi UÊÊ-i iÀÊ >ÞÊV>ÀÀÞÊ ÀÌ}>}i UÊ À ÃÃÊf{Çx]äää³É Ê

CHRISTINA LAKE CAMPGROUND

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

$1,999,000

PENTICTON

LAKEFRONT PENTHOUSE WITH MOUNTAIN VIEWS AVAILABLE IMMEDIATELY

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

KET IN OVER 20

THE MAR FIRST TIME ON

YEARS !

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

UÊÇxÊ- ÌiÃÊÜ Ì Ê Õ ÊEÊ*>ÀÌ > Ê-iÀÛ Vià UÊ >ÃÞÊ>VViÃÃÊ vvÊ } Ü>ÞÊÎ UÊ Õ Êv>V Ì iÃÊ V Õ` }Ê« UÊ"«iÀ>ÌiÃÊ >ÞÊ£ÊÌ Ê-i«Ìi LiÀÊ£xÊ

UÊ{° £Ê VÀiÊ Vi ÞÊ/Àii`Ê*À «iÀÌÞ UÊ ÃiÊÌ Ê >À}iÊ«ÕL VÊLi>V UÊ ÝVi«Ì > ÞÊÜi Ê > Ì> i` UÊ*iÀviVÌÊv ÀÊÃi ÊÀiÌ Ài`ÊV Õ« i

monarkinvestments.ca

604-592-7250

Financing Available. Potential Trades.

SALMON ARM, B.C. Reduced to $551,000 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.

SALLY SCALES sallys1@telus.net or 250-833-2129

EXCELLENT BUSINESS OPPORTUNITY s 9RS /LD AND .EVER "EFORE /FFERED &OR 3ALE s -),% &%%$ 2!.#( 3500,9 -).) 34/2!'% /0%2!4)/.3 s ,ARGEST SUPPLIER OF FEED RANCH SUPPLIES IN -ILE (OUSE AREA s RENTAL UNITS OF VARIOUS SIZES s &ULL EQUIPMENT LIST s 3HARE 3ALE $995,000

Call Matt or Wayne 1-800-663-8426

100 Mile Realty

APARTMENT/RETAIL BUILDING, Lillooet BC Commercial building with main floor lease to Sears store and nine apartment units on second level. Potential for laundromat and second rental space on Main floor. Plenty of Updates. Offered at $850,000 FOUR-PLEX, Lillooet BC Two three bedroom and two one bedroom units. All have in-suite laundry, spacious. Live onsite or add to Real Estate portfolio. Gross $2,150/mth. Offered at $285,000. GATEWAY COMMERCIAL LOTS Three lots ranging from 1 to 1.63 acres on junction of Hwy 12 & 99 across from developing Vineyard. Offered from $269,000

Bailey A. Stone Cell Phone: 250-256-9085 Westwin Realty Toll Free Fax: 866-203-5260 Lillooet

www.lillooetrealestatesales.com

Asking Price $699,000

PRIME FARM-HOLDING LAND - OSOYOOS UÊ À iÀÊ- ÌiÊ Ê } ÊÌÀ>vwÊV]Ê } ÊiÝ« ÃÕÀiÊ Ê V>Ì ÊÜ Ì Ê£äää³ÊvÌ°Ê } Ü>ÞÊÎÊvÀ Ì>}iÊ UÊ/ Ü ÊÃiÜiÀÊEÊÜ>ÌiÀÊ>ÌÊ ÌÊ iÊUÊ6iÀÞÊV ÃiÊÌ Ê > iÊ UÊ V Õ`iÃÊ ÕÃiÊEÊ «iÀ>Ì }Ê ÀV >À`Ê UÊÊ Ài>ÌÊ V>Ì Êv ÀÊv>À Ê}>ÌiÊÜ iÀÞÊ ÀÊ >}À Ì ÕÀ à ÊLÕà iÃÃÊ Asking Price

1-800-661-6988

$1,695,000

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.

www.westerninvestor.com

B6

www.westerninvestor.com APRIL 2012WESTERN INVESTOR

COVER From farms to industrial sites, raw land is proving a hot investment across the Western prairies

FRANK O’BRIEN/GEOFF KIRBYSON WESTERN INVESTOR n Fort McMurray an acre of industrial land sells for more than $1.2 million per acre. In Vancouver, it can cost the same for a 33-foot-wide home-building lot on the west side of the city. In Manitoba, a surprising shortage of commercial land has driven city prices up to $800,000 an acre. But, across most of regulation-laden Saskatchewan, a million dollars – or even less – could buy 1,000 acres of some of the world’s most productive farmland.

*

This is among the reasons why farmland is looking like the smartest investment, and it has drawn a number of hedge funds, limited partnerships and other investment vehicles to the market. The average price of Saskatchewan farmland increased 11.6 per cent over the past year – the highest average increase in Canada. This follows gains of 2.7 per cent and 2.9 per cent over the previous two years. The price acceleration began in 2003, when Saskatchewan changed the rules to allow Canadians unlimited ownership of farmland (out-of-province buyers had been restricted to owning 320 acres. Restrictions still apply to foreign owners). Since that time the average price of Saskatchewan farmland has doubled. An example is Prairie Merchant, the Calgary-based company controlled by former Dragon Den panellist Brett Wilson. Last year Wilson’s company bought 394 acres in Strathmore, Alberta, where it plans to build up to 1,700 homes. “I see farmland as a good investment in several ways,� Wilson told Western Investor. He first began buying in Saskatchewan as the ownership rules were being relaxed. “Because the buyer pool had been restrict-

ed for so long the market values for land in Saskatchewan had been depressed, effectively by government intervention,� Wilson said. “I still see Saskatchewan farmland as a long-term hold – with a limited supply of good, arable farmland and ever-increasing demand for food on a global basis.� While Wilson has focused his farmland investment strategy in Saskatchewan, he owns farmland and ranch land in both Alberta and Saskatchewan. Prairie Merchant is not alone in seeing the potential in Prairie farmland. Other investment firms that are involved in the purchase of Canadian farmland include Calgary-based Agcapita, which is holding about 60,000 acres of Saskatchewan farms; Assiniboia Farmland; Bonnefield Financials Inc. (new in 2010); Hancock Agricultural Investment Group, a division of Manulife Financial Canada, which is already managing $1.3 billion in agricultural real estate in the U.S.;Sprott Resources Corp. operating One Earth Farms, which is mainly focused on renting First Nations land; andHCI Ventures Inc. owned by the Hokanson family from Alberta. While all of the farmland investment syndicates seek opportunities in Western Canada, Saskatchewan appears to be the primary focus – and one of the reasons farmland prices are rising in that province.

3FTUSJDUJPOT

Saskatchewan continues to restrict foreign ownership of farmland, a move that, though intended to protect farmers, according to a study by Bonniefield Financials may be having the reverse effect. David Sparling, chair of agri-food and innovation regulation at the Richard Ivey School of Business (and chairman of Bonnefield Canadian Farmland Corp.) compared data from Saskatchewan with those of other provinces found in the 2006

The Holy Grail of Saskatchewan farmland investing, in reality, is the opening up of Saskatchewan farmland to foreign investors. It is estimated that the amount of global farmland that has been acquired by foreign entities equals about 198 million acres. There is $100 billion waiting to be invested by 120 investment groups, says a study by U.Sbased agri-consultants HighQuest Partners. Major buyers are countries in the Middle East, China, Japan, South Korea and Western Europe. In the last three years China has bought 7.5 million acres of farmland, mostly in Africa. Saudi Arabia has spent $800 million on overseas farms and is looking for more in Africa, Argentina, Australia and Eastern Europe. Japan is also buying huge farms in both Africa and South America. Data collected by the U.S.based International Food Policy Research Institute shows that, in 2010, governments bought nearly 10 million acres of farmland in foreign countries, an area bigger than Brett Wilson of Dragons Den fame is chairman of Belgium. Prairie Merchants, one of several investment groups Politically secure and economitargeting western farmland. cally safe Canada would provide an ideal farmland investment, but the country Census of Agriculture. The study found that, between 1986 and allows provinces to set the rules on farmland 2006, Saskatchewan saw the number of farms ownership. On the prairies, only Alberta has no in the province fall by over 30 per cent com- foreign ownership restrictions. B.C. has no forpared with a decline of 14 per cent in Alberta eign ownership rules, but its Agriculture Land and a national average of 21 per cent. The only Reserve keeps most agriculture land as farms. Still, farmland has proven a rock-solid province to experience a similar decline was Manitoba, where a regulatory environment investment. similar to Saskatchewan’s is in place. As well, According to a study by Enquirica over the past 20 years, the number of acres of Research, Canadian farmland has seen a Saskatchewan land owned by farmers declined 10.6 per cent increase in returns over the past by 5.3 per cent, compared with 0.8 per cent and 10 years, compared with 3.8 per cent for the 3 per cent declines in, respectively, Alberta and Toronto Stock ExchangeIndex. The Enquirica study says that by renting out farmland to real Manitoba, the study found. Photo: Dean West

-BOE WBMVFT

'PSFJHO CVZFST

*OUFSJPS #SJUJTI $PMVNCJB KAMLOOPS, BC & AREA

COLDWELL BANKER COMMERCIAL WORLDWIDE

s Future Mobile Home Park Clearwater, BC n 15

MILANOS PIZZA $169,000

acres plus 2.7 acres, highway commercial.

$279,000

MIDWAY STORAGE $1,290,000

THIS TAKEOUT IS ESTIMATING "400,000" IN 2012.

s MiniMall Barriere, BC – 5 units plus vacant $399,900

s Commercial Building, with 4 Bedroom Suite – Clearwater BC Building just under 4000 sq ft. Ÿ acre lot. Current use is restaurant.

$274,900

s 2ESIDENTIAL #ONTRACTORS n +AMLOOPS "#

–

Building lots, great sub-division. LOTS LEFT IN THIS PHASE AT n next phase - 28

NICELY EQUIPPED. THE ONLY ONE IN THE CITY.

NICELY LOCATED EXCELLENT SHAPE 100% FULL GREAT SELECTION OF TENANTS

lot for future expansion 242 ft. hwy frontage

DRY CLEANER $89,000

CHATEAU MANOR $2,490,000

QUALITY INN 48 ROOMS RESTAURANT $2,590,000

GOLDEN LIFE 20 UNITS & MANAGERS SUITE. GROSS $390,000/YR.

DEV. PROPERTY $669,000 600 FT OF HWY FRONTAGE FOR AUTO DEALER & BODY SHOP.

NICELY LOCATED AT THE CROSSROADS OF THE KOOTENAYS. GOOD VOLUME.

lots will be ready in June 2012. Acres of land for future development. s UNIT MOTEL n #LEARWATER "# – Consists of 8 attached units & 6 separate cabins, plus ofďŹ ce with owners suite. On 3.26 acres along river channel. Buildings are in great condition. Monthly rentals plus daily summer rentals.

$549,900

s #ITY #ENTRE HIGH VOLUME RESTAURANT n +AM

HOTEL, LIQUOR STORE, RESTAURANT $499,000 RDER COURT O

SALE

-

LOOPS "# n nice premises MILLION FOR LAND BUILDING BUSINESS

1-250-319-8784 mmatt@shaw.ca

www.realestatekamloops.ca

LIGHT INDUSTRIAL BLDG BLOCK MOTEL $695,000 LARGE REDEVELOPMENT $425,000 4 LARGE LOADING DOORS. OFFICES & MEZZANINE.

PROPERTY.

$159,000

Call MARVIN MATT +!-,//03 2%!,49 ,4$

AUTOMOTIVE BUSINESS HIGH VOLUME LARGE EQUIPMENT PACKAGE

1ST TRAIL REAL ESTATE LTD.

(250) 231-5222 (CELL)

www.cbcworldwide.com www.coldwellbankertrail.com

(250) 368-5508 (FAX)

B7

WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

Photo: Lane Realty Ltd.

farmers, “a Canadian investor in farmland can look forward to reliable cash-flow on the order of 6 per cent to 7 per cent, without operational risk.” Farmland values are not only rising in Saskatchewan, they have increased across the country, according to Farm Credit Canada, and are posting double-digit increases in the U.S. According to a recent report on farmland values in Kansas, the average value has soared 25 per cent in the past 12 months, from an average US$3,000 per acre to US$4,000 per acre. Double-digit annual increases in land value were common this past year across the Corn Belt region of the U.S.A.

BDSFT

Assiniboia Farmland Limited Partnership is one of the big players in Saskatchewan. In the past seven years, the partnership has accumulated about $50 million in investment capital, according to company co-founder and vicepresident Brad Farquhar. “We now own approximately 110,000 acres of farmland across Saskatchewan already worth about $100 million. The land is leased to more than 140 active farm tenants and we have a solid history of gains and cash distributions. We have a goal of growing to about 400,000 acres in the next three to five years.” Assiniboia’s strategy is simple and not unique to the investment strategy used by other farmland investment groups. “Our strategy is to buy land without overpaying, rent the land to farmers, collect the rent and pay the bills and then distribute the surplus cash to investors,” Farquhar said. About 95 cent of Assiniboia revenue comes from land rent, but the company also generates revenue from oil and gas surface leases, carbon credits, gravel sales, subdividing and selling residential acreages. The exit strategy is to liquidate the land holdings in a limited partnership within five years of the purchase. “We are primarily focused on farmland in tSaskatchewan as it is still undervalued relative to neighbouring jurisdictions,” Farquhar said. In Saskatchewan, farmland prices are also rising because of larger local producers

Saskatchewan farmland: while the average is $550 per acre, prime dark-soil farms in the Regina area can cost two to three times as much.

expanding their land base and the oil and gas (for instance, more sales of wheat and beef). - Cash-flow: By cash renting (i.e., leasing influence, especially in the Bakken oilfields the land to farmers for 100 per cent upfront around the Estevan area. cash payment rather than operating) an investor in farmland can look forward to reliable cash#FBUT UIF 549 Investment syndicates buy Saskatchewan flow without operational risk. In addition, as farmland at an average of $550 per acre and cash rents tend to track land prices with a lag, rent it to operators at an average of about $33 farmland rental cash flows tend to be inflation per acre. In prime areas, recent prices and rents hedging themselves. Saskatchewan have been two to three farmland trades at a times higher. discount to global averHere some of the ages Saskatchewan reasons investors are eyeing Canadian price increases over farmland, especially in the last 4.5 years (the Saskatchewan, accordperiod over which ing to Agcapita: Saskatchewan farmland prices began to accel- Low Volatility: Farmland prices exhibit erate) go a long way to bearing out the existlow volatility in general and in particular when ence of this “margin of safety”; Saskatchewan farmland returns (2007 to present, excluding compared with listed equities. - High Absolute Returns: Farmland typ- rents) equal to 11.4 per cent per year. ically generates higher absolute returns than listed equities on the Toronto Stock Exchange .BOJUPCB over most measurement periods. In Manitoba, it is not farmland but industrial - Emerging Market Linkage:As emerging and commercial land that is drawing attenmarkets develop, the consumption of energy tion due to a looming shortage. That can only and agriculture commodities increases rapidly mean one thing, experts agree – prices are on

Saskatchewan farmland prices rose 11.6 per cent over the past year

the rise. Martin McGarry, president of DTZ Barnicke Winnipeg, said land for commercial development is very hard to find. At a minimum, shovel-ready sites are fetching $20 to $25 per square foot, or about $800,000 an acre. “Most of the valuable commercial land is owned by developers. If you want to build your own building, you have to lease from a developer. If you want to buy the land, it’s pretty tough with shovel-ready lots,” he said. It’s much the same situation with the industrial side of the market, where serviced land is difficult to come by in the right size or location that developers often want, despite what appears to be endless land to an outsider. “The vacancy rate for leased and owned premises is the tightest I’ve ever seen. There’s more pressure for somebody new to the marketplace to build and then they’ve got to find land The market just keeps getting tighter. It’s getting a bit ridiculous,” he said. Tom Derrett, an industrial sales and leasing agent at Colliers International, agrees. People often think of Winnipeg as having nothing but land, but the truth is there is a severe lack of serviced land inside the Perimeter Highway for industrial development, Derrett noted. “Anybody looking for land is being forced to get further away from where they used to be,” he said. Land closest to the airport is in the highest demand. Depending on the location, the prices are ranging from $150,000 to $250,000 an acre, he said. “You’ve got different price points. You might have land across the street from another parcel, one is serviced and one isn’t. It’s not so much the supply and demand, it’s the cost of servicing the land that’s driving the prices up,” he said. The situation isn’t nearly as extreme on the residential side, but that doesn’t mean it’s not strong. Shirley Przybyl, president of Winnipeg Realtors, said the housing market has made a habit over the past decade-and-a-half of outperforming forecasts, and things were no different in 2011. She expects increased pressure on land prices as developers seek sites, particularly in the capital city region.◆

*OUFSJPS #SJUJTI $PMVNCJB RIVERBEND - 760 MAYFAIR ST Kamloops, BC

For Sale or Lease

#101-1121 12th St Kamloops, BC

For Sale

BUSINESS OPPORTUNITIES INCLUDE:

INVESTMENT PROPERTY

Entertainment Facility, Medical Office, Professional, Personal, Health Services, Community Care Facility SALE PRICE LOT A 1,937 sq.ft: $387,400ÊUÊ "/Ê Ê£]Ó£äÊõ°vÌ\Ê$242,000 "/Ê ÊÎ]ÈänÊõ°vÌ\Ê$721,600 LEASE RATEÊÊf£{ f£nÉõ°vÌÊ« ÕÃÊÌÀ « iÊ iÌ

UÊ7i Ê > >}i`Ê> `Ê > Ì> i`Ê « iÝ UÊ {Ê< }ÆÊ ««À ÝÊ£]ÓÇäÊõ°vÌ UÊ7 Ài`Êv ÀÊÓÓäÊÛ ÌÃÆÊÎÊÞÀÊ `ʼ >ÀÀ iÀ½Ê 6 Ê1 Ì UÊ ÕL iÊ ÀÊ > Ê ÌÀÞÆÊ >ÃÞÊ VViÃÃÊÌ Ê*>À }Ê ÌÊ Hurry Call Now to View! Asking $259,900

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

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

250-372-2277 mona@mcmrealestate.ca

250-372-2277 mona@mcmrealestate.ca

www.mcmrealestate.ca

www.mcmrealestate.ca

B8 Interior/Northern British Columbia

Business For Sale The Marble Slab Creamery

* * * *

* Excellent turn key business opportunity Well established and fun to operate 2 years & now ready to go to the next level High visibility and high trafďŹ c location Financial package available to qualiďŹ ed buyers MLSÂŽ 107731

Price: 229,900

JEREMY REID 250-320-1554

NORTHEAST BC REALTY Ltd.

KAMLOOPS,BC

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www.westerninvestor.com APRIL 2012WESTERN INVESTOR

jeremyreid@royallepage.ca 250-374-1461 TF: 866-374-1461

WESTWIN RLTY

Phone 250 785 4115

“Investing Our Energy In The North� Located at 10220 101 Avenue Fort St John BC V1J 2B5 www.NEBCRealty.com

NEBC

F: 250 785 4120

RON RODGERS - OWNER / MANAGING BROKER Email: ron@northeastbc.com

Š2010—2012

Not all listings are on the MLSÂŽ. Some owners may request anonymity (exclusive listing) to avoid disturbing current tenants, employees, clientele or disrupting their own day-to-day business. NEBC may have an exclusive listing that could fit your needs. Automotive/hauling & equipment related commercial business for sale All inquiries will be pre-qualified and must demonstrate knowledge of the industry, be able to qualify for automotive license and sign a confidentiality agreement prior to the release of any information. Share Purchase (plus inventory approx $500,000) Asking $895,000 - Exclusive Listing Business is located in the northeast BC area and operates in a leased premises.

KAMLOOPS, BC

Restaurant Business FOR SALE

Well established location close to high traffic public event area in Fort St John, high visibility with good customer parking.

Restaurant, motel, gas station, staff quarters, RV site for sale - located just south of the Yukon border. Complex has generated power supply, water hookups from 2 well sources, Laundromat, gift shop and more!

Price includes kitchen equipment and appliances, 50+ restaurant seating and place settings, and more. All inquiries be advised that a confidentiality agreement will be required prior to release of any information. Located in leased premises. Exclusive Listing...OWNER WILL CONSIDER ALL OFFERS

DAWSON

Approximately 10 acres directly off the highway makes this a great stop for all travelers heading between BC and the Yukon.

Asking $ 689,000 - Exclusive Listing Full financials available to qualified inquiries.

CREEK

www.dawsoncreekrealestate.ca

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

K E L O W N A , FOR SALE

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

B C

DAWSON CREEK COMMERCIAL EXPERTS

Two combined commercial strata units for sale. Total of 6,356 sq.ft on two oors. Investment property or occupy when lease expires. Current lease provides 8.3 cap rate.

$979,000 MLSÂŽ10041754

FOR SALE

#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.

Single tenant (BFI Canada) industrial property for sale. Long term lease in place. Over 7% cap rate on asking price at current rent with future escalations. Care free investment. 1.79 acres.

GARY BOWKER BUS. (250) TOLL FREE

763-4343 1-888-KELOWNA gbowker@coldwellbanker.ca

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s .EWLY CONSTRUCTED AT THE 0RINCE 'EORGE )NTERNATIONAL !IRPORT s ,OCATED ADJACENT TO THE MAIN TERMINAL s !VAILABLE FOR OCCUPANCY *ANUARY s 3UITS BOTH AVIATION AND COMMERCIAL OFl CE APPLICATIONS s SQ FT OFl CE MAINTENANCE SPACE ON TWO m OORS s (ANDICAPPED ACCESSIBLE COMPLETE WITH ELEVATOR s SQ FT HANGAR SPACE s (ANGAR DOORS ARE WIDE BY IN HEIGHT s (ANGAR IS EQUIPPED WITH A FOAM l RE SUPPRESSION SYSTEM s )N SLAB m OOR HEATING THROUGHOUT THE HANGAR SPACE s 2EMOVABLE PARTITION WALL CREATES TWO SEPARATE HANGAR BAYS s !MPLE PAVED PARKING WITH ADJACENT GRAVELLED PARKING AREA For sales or leasing inquiries please contact:

<:DG<: B6GI>C Tel: '*%".+("%'%* Fax: '*%".+("%'%)

#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. Popular new restaurant now open, lots of parking.

#129952 - FOR SALE OR LEASE Multi purpose building with 2 units now leased leaving 11,000 sq ft. available. Upgrades include updated roof and furnaces Asking price is just $397,000

$3,125,000 MLSÂŽ10039365

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

FOR LEASE 3200 SQ FT SHOP with an additional 1680 sq ft of office are on upper floor. 2 doors 12x14 into 40x40 shop. Zoned M2 (light industrial) on .23 of an acre. Asking $16.00/sq ft. #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. Priced at $450,000 - $500,000 each 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 $16.00 per sq ft to lease. #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, will builld to suit. $290,000 #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. Ground floor now leased out to only video rental company in Dawson Creek. Asking price of $375,000

#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. Reduced to $119,000 as is

D

SOL

#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. $220,000

D

SOL

#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 or residential conversion. $495,000 #133401 - BUSINESS OPPORTUNITY located on the east side of Dawson Creek. Belsum Auto Recyclers Ltd has a proven track record and shows a good return. Includes 6.5 acres of prime industrial land on Hwy #49, a heated main shop with 3200 sq.ft. and an adjoining 2400 sq. ft. building used for stripping vehicles. Lots of inventory, and equipment includes 3 forklifts and a skid steer. Asking $1,200,000 for the land, buildings, and turnkey business with inventory. #133128: 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. Strip mall is 10,000 sq. ft. Also for sale at $1,800,000

L A N D #129635: RESIDENTIAL DEVELOPMENT LANDS, one parcel of 25 acres on the north west edge of Dawson Creek for sale, superb location for residential homes, the timing is right as we need more residential lots for our busy market place. Asking $625,000 #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 #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

#135241: COMMERCIAL LAND NEXT TO THE GOLF COURSE. Great location and potential! 10.33 acres that are zoned C-3 (highway commercial) between the driving range and regional district offices, close to a large campground. Lots of options, borders the Alaska Highway. $1,000,000 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. One lot now leased and sold. Only 2 left! #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

Northern British Columbia B9

WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

Prince George

FORT. ST. JOHN OPPORTUNITY KNOCKING!

IDEAL FOR SMALL BUSINESS! 9610 - Sikanni Road

8224 - 93rd Street

2,000 sq. ft. bay w/front reception, offi ce & Mezz. Shop consists of radiant heat, 14’ overhead doors, main door & fl oor drain. If you need 4000 sq ft the adjoining 9612 - Sikanni Rd. (N4505287) is also available.

1050 sq ft of offi ce w/ hardwood fl oors. Front reception & display area & the shop with 3 bays, 1 is drive through/wash bay. Radiant heat, mezzanine area, 14’ overhead doors. Fenced compound all on city services.

$14.00/ sq. ft. + NNN - MLS# N4505336

REDUCED $810,000 - MLS# N4504836

FOR SALE OR LEASE PROSPECT PARK LOCATION

LOCATION, LOCATION! 10123 Street

-

100th

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

10711 - 91st Ave Updated office space, new windows, doors and updated forced air furnace. 1100 sq. ft. of office space attached to 3250 sq. ft. of shop. + 6500 sq. ft. of additional shop space available. $15.00/sq ft + NNN - MLS# N4505100

5.238 ACRES IN A GREAT LOCATION! Lot 11 - 87A Avenue M-2 zoning, easy access to the East bypass road make this a great place to build a shop and set up business. $1,128,750 MLS# N4505220 Lot 12 also available $1,128,750 MLS# N4505221

MOTEL FOR SALE

Waterfront

• 39 rooms/ 5 acres commercial with 4 bed house • N.O.I $380k. • Cap rate 17% • On Hwy 16. • Potential business from mining, forest industry projects and LNG pipeline starting summer 2012.

Large waterfront - Cluculz Lake zoned for recreational / residential development Not in the ALR - Highway access 26 acres, approx 1450’ of lakefront $295,000 55 acres, approx 1650’ of lakefront $495,000

Contact e-mail:

vsmyung@gmail.com

KITIMAT

INVESTMENT GEM! 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 fire system in Jan. 2011.

$1,200,000 - MLS# N4504915

KATHY MILLERCURTIS ROBINSON PERSONAL REAL ESTATE CORPORATION

Remax Action Realty 1991 Inc.

20-25%+ ROI/Cash on Cash! 4-Plex for Sale - $269,900

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

Turn Key, fully managed unbelievable Investment opportunity in the

Riverfront Townhouse site $500,000 1.76 acres - approx 263’ of riverfront zoned RM1 - multiple residential preliminary drawings for 13 townhomes

kathy@bugkathymiller.com curtis@remaxaction.ca

Next Boom Town! This Deal won’t last long!

Elaine Kienzle 250

250-785-5520 Toll Free : 1-888-785-5520

960-8769

CALL 604-725-4872 or 250-826-2284 EMAIL: jvdevgroup@gmail.com

www.elainekienzle.com

The Power Of Partnership!

— Your PRINCE GEORGE Commercial Professionals — 490 Carson Ave. – Quesnel, B.C. BUSINESS/BLDG/

7919 Hwy 97 Sth.

‘Wee Chippie Fish & Chips Seafood” BUSINESS

9080 Penn Rd.

5075 Domano Blvd.

4098 Continental Way

LAND FOR SALE - Approx 30 Acres on Hwy 97 Sth. Plans call for Provincial road through the property linking Hwy to Sintich Rd. And the development of five separate 2 + Acre Commercial lots.

LAND - 3,609 sq ft main floor 120 seat restaurant specializing in authentic English fish & chips. 1,559 sq ft second floor living accommodations, may be converted to a banquet facility plus 2,227 sq ft basement.

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

FOR SALE – QUESNEL, B.C. Very successful 120 seat main floor restaurant, specializing in authentic English fish & chips. Inventory to be purchased separately.

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

FOR SALE – Prime Industrial 0.6 Acre lot.

D SOL

678 Vancouver St.

760 Kinsmen Pl.

FOR LEASE – 1,985 sq ft of top quality second floor office space. 6 offices, meeting room, lunch room & common area. Net Lease.

FOR LEASE– New first-class building in prime location. Ready for occupancy September 2012. Main floor 4,300 sq ft available and daylight basement 2,000 sq ft. Zoned C-4.

9543 & 9565 Anzac Cres.

1150 – 3rd Ave.

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

FOR SALE – Fully renovated downtown retail/ office building. 3,000 sq ft per floor, plus full basement. Main floor is also an attractive retail space.

1550 – 1st Ave.

978 & 996 Central St.

ONE OF A KIND OPPORTUNITY. 3 concrete block warehouse on 3 Acres. 44,080 sq ft total space. Well maintained with 11 loading doors, 13 O/H doors, 3 phase power & highway access.

FOR SALE – located on corner of 10th and Central. Must be sold together. Value is in the land. Currently Zoned RS2, the City says can be re-zoned to C4.

201 Victoria St. FOR SALE – Prime Second Ave. & Victoria St. corner site. 32, 262 sq ft two-storey offi ce/retail building.

Fisher Rd. FOR SALE – 127.88 Acres of prime development land. 146 lots zoned single family, services at lot line. 4.65 Acres zoned RM3 for multifamily, 1 lot zoned RM-1. 62.47 Acres in OCP Phase 1 for future development.

OLD

S

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

GEORGE Weinand

250-960-9556

KEN Goss

250-565-7653

THINK REAL ESTATE...The Best Investment on Earth

B10 Northern British Columbia #SJUJTI $PMVNCJB

properties sales were in Kelowna (9) and 47.8 per cent in west Kelowna (11). Of the 173 court-ordered sale properties now listed, there are five lots, one manufactured home, 78 single-family residential and 89 strata (apartments and townhomes) properties.

Foreclosures spike Fraud alleged in in Okanagan real estate pitch T

here were at least 174 foreclosed homes on the central Okanagan market last month, most of them in west Kelowna. This is a 10-fold increase from a year ago, but at least one realtor expects buyers to snap up the homes at market value. “Looking at trends in this market, I think we are cruising to 200 foreclosures being listed this year,� said Justin Neumann of Century 21-Kelowna, who has been tracking the foreclosure action. He said about half the foreclosures are single-family detached houses, not condominiums, suggesting that the market malaise is spreading from the speculation sector to regular homeowners. Chris Shillington, broker-owner of Re/ Max Kelowna, said most of the foreclosed homes were bought back in 2008 and many were condos bought during pre-sales. “It has just taken this long to work through to a foreclosure,� he said. Shillington estimates that overall Kelowna prices are down at least 12 per cent from the peak in 2008, but others estimate it is closer to 20 per cent. Most banks are protected from defaults because many homes have mortgage insurance, usually through Canada Mortgage and Housing Corporation, Neumann noted. “Don’t expect to see screaming deals on these foreclosures,� he said. “The homes are being listed at [today’s] market value.� Vancouver’s Allan Zaidel, a Sutton Group buyer’s agent who looks for foreclosed properties, said across B.C. foreclosures are actually lower now than three months ago. He also estimated that “there are seven buyers� for every foreclosure, many of which are now in the Fraser Valley. There are also a number in northern British Columbia and on Vancouver Island. According to figures from the Okanagan Mainline Real Estate Board, 39 per cent of recent central Okanagan court-ordered sale

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he executive director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that two men, who were directors and officers of a Vancouver-based group of companies, committed fraud. The notice alleges that Michael Patrick Lathigee and Earle Douglas Pasquill perpetrated a fraud on investors in companies belonging to the Freedom Investment Club (FIC), a group of companies jointly controlled and directed by Lathigee and Pasquill. The companies in question are: s WBIC Canada Ltd. (WBIC); s FIC Real Estate Projects Ltd. (FIC Projects); and s FIC Foreclosure Fund Ltd. (FIC Foreclosure). Both Lathigee and Pasquill were residents of Vancouver during the relevant period. By early 2008, FIC had taken on significant debt in relation to several Alberta real estate properties it had acquired and was attempting to develop. All of the loans included guarantees from other FIC companies. Also at this time, Lathigee and Pasquill were aware that FIC as a whole was, in their own words, “in a very bad situation� and “close to insolvency,� but chose to keep this information confidential and instead focused on raising money in an effort to “save� FIC, according to the BCSC. Between February 1, 2008, and November 15, 2008, Lathigee, Pasquill, WBIC, FIC Projects and FIC Foreclosure aggressively promoted and distributed securities that they represented as individual investments: approximately $20 million was raised in aggregate from over 600 investors in these three companies. The notice alleges that Lathigee and Pasquill did not disclose that the FIC was close

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uying office space as strata, rather than leasing, is becoming a major market push in Surrey – where office vacancy rates are at six-year high – led by the success of a new 150,000-square-foot office tower in South Surrey. And realtors close to the action say strata office space increasingly makes good sense to developers, lenders and owner-occupiers. Investors, not so much. “We have the Grandview Business Grandview Centre, South Surrey: office space Centre 95 per cent sold out of strata sold at $360 per square foot. office space,� said Gord McPherson of Re/Max Commercial Advantage, referring to the Elkay Developments Ltd. project in South Surrey. It is the largest strata office project in Surrey and one of the biggest in Metro Vancouver. The strata space at Grandview is selling for around $360 per square foot, and the typical office unit is 3,000 square feet, according to McPherson. As of press time, there was only one unit left unsold. All of the strata buyers have been owner-occupiers, not investors. McPherson said one key reason is the availability of low mortgage rates. “Banks are willing to lend at rates under 4 per cent for five-year terms for businesses buying their space,� with some highly qualified owners even allowed 100 per cent financing, he said. Selling space rather than pre-leasing can prove a boon to developers, he explained, since developers need to have up to 30 per cent of space pre-leased before they can achieve construction financing. But Grandview Centre had one-third of the space pre-sold quickly, which gave lenders a “level of comfort,� McPherson explained. One floor of the Grandview Business Centre is leased toRoyal Bank at $18.50 per square foot net, a rate that may make investors take note. But investing in strata space has limitations. First of all, lenders are reluctant to provide investor funding without substantial down payments, often as high as 35 per cent, and with higher mortgage rates, McPherson explained. Also, investors must then contend with finding and keeping tenants in Surrey, where office vacancy rates have risen to 8.8 per cent. “I can see the office strata trend growing,� said McPherson, who will be starting pre-sales soon on a new office tower adjacent to Grandview Business Centre. “Owners expect to see future appreciation of the asset and they like the security of knowing what their long-term costs are.� Photo: Re/Max Commercial Advantage

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www.westerninvestor.com APRIL 2012WESTERN INVESTOR

to insolvency and that the investments were therefore extremely risky, instead choosing to promote investments in their companies as spectacular opportunities with enormous profits, thereby perpetrating a fraud on investors of WBIC, FIC Projects and FIC Foreclosure.

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The allegations against the FIC have not been proven. Counsel for the executive director applied March 20 to set dates for a hearing into the allegations before a panel of commissioners.◆ – Compiled by WI Staff

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WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

Northern British Columbia/Alberta B11 DAWS O N C R E E K

LETHBRIDGE AREA, ALBERTA

AJ8 G 6I> K : 7 JH> C: HH DE E DG IJC> I N

FOR SALE

Fantastic Franchise Opportunity

3(/0 /&&)#% ON !CRES

2 Great G Locations, Locations,1 1 greatt product! 2 JJuice i Bars B available il bl in i Grande G d Prairie Prairie i i Alb Alberta t oduct Great numbers, Grande Product eat price! All this could be yours for 1 great

Well established Towing and Recovery business in Dawson Creek BC. "Exceptional Towing & Recovery Ltd." 150 X 150 Chainlink fenced, grave/asphalt compound, 1 bay heated garage, dispatch/offi ce unit w/services, storage shed. Zoned M-2 Light Industrial. All Equipment included with list available upon request. MLSÂŽ 134219 t Price $895,000 For more info call:

Nyla Lepine & Donna Cooper Call Mashayla at 780-897-4498 or email Mashayla.Antypowich@FastTrackRealEstate.com

Near Lethbridge On Highway #4 5 minutes south of Lethbridge. s "UILT IN s SQ FT SHOP s LARGE TRUCK SERVICE BAYS s $RIVE THROUGH WASH BAY s SQ FT OFl CE s &ULLY DEVELOPED BASEMENT !SKING $2,500,000

DAWSON CREEK REALTY 250-782-8181 “independently owned and operated�

PRIME YUKON INDUSTRIAL PROPERTY 126 Industrial Road Whitehorse, Yukon

1-877-223-3658 1-403-642-7033 taberremax@shaw.ca

1SPWFO 1SPÂŞUBCMF

RE/MAX REAL ESTATE LETHBRIDGE

For further information, contact Gary & RenĂŠe Anderson Hospitality Sales Specialists Direct: 780-432-1408 contactus@andersonhotelsales.com www.andersonhotelsales.com Carton Realty Ltd. Office: 780.444.6605

0110356/*5:

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BERNIE SCHMID

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'3"/$)*4&

INVEST IN NORTHERN BC! Strata Condo Apartment Building 2607 Pear St Terrace, BC

"7"*-"#-&

#ALL BERNIE FOR ALL THE DETAILS

HOTEL OPPORTUNITIES

250-784-4044 nyla@shawcable.com donnacooper@remax.net DONNAANDNYLA.CA

Prime commercial location on Industrial Road features 5200 sq ft on the main oor including retail area and large shop area at rear. Upper mezzanine is 2700 sq ft of open storage area and ofďŹ ces. The CIM zoning allows most commercial operations and the prime location close to the corner of Quartz & Industrial Roads ensures great visibility for your business. MLS #6959 $800,000 For further information and tours please contact: Ernie Bourassa, Dave Pearson or Darryl Weigand RE/MAX Action Realty

1-867-667-2514

$IFBQ 4NPLFT 5PCBDDP .JO DBTI JOWFTUNFOU L $POUBDU KFGG!DIFBQTNPLF DB PS DBMM +FGG MBXSFODF

s STRATIlED CONDOS s :ERO VACANCY s 0RICED TO SELL STARTING AT EACH

Kelly Bulleid 250-615-8688 E: kellybulleid@telus.net RE/MAX Coast Mountains Terrace 250-638-1400 TF 1-866-951-7223

LAKEFRONT PROPERTY INVEST IN LAND WITH DEVELOPMENT POTENTIAL. s ACRES ON ,AKE -C'REGOR s (OUR AND MINUTES 3% OF #ALGARY s !PPROXIMATELY MILE OF SHORELINE s 'ENTLY SLOPING s 3UITABLE FOR LAKE VIEW LOTS OR GOLF COURSE s 6ENDOR WILLING TO LEASE BACK

$2,700,000 mpjohnson41@hotmail.com

B12 Alberta

www.westerninvestor.com APRIL 2012WESTERN INVESTOR

APARTMENT OPPORTUNITIES 6 SUITES, NORTH - $670,0

00 9 SUITES, DOWNTOWN - $855,0 00 12 SUITES, CONCRETE, WEST END - $1,272,000 12 SUITES, DOWNTOWN - $925,0 00 15 SUITES, SOUTHSIDE - $2,325 ,000 15 SUITES, WEST END - $1,500 ,000 30 SUITES – WEST END - $ 2,5 65,000

Pam Gill

(780) 455-4088 gillp@sutton.com

INDUSTRIAL LAND w/BUILDING FOR SALE

Asking $2,532,500 - Ponoka, Alberta

SOLD SOLD SOLD

www.apartmentsinedmonton.com Sutton Central Commercial - AN INDEPENDENT MEMBER BROKER

Prime Highway Commercial ‡ The Regional Centre of East Central Alberta ‡ Lots next to our new Hotel Convention Centre and Casino ‡ 3 to 4 acre parcels starting at $175,000 per acre

City of Camrose Ray Telford Economic Development LQIR#FDPURVH FD‡ ‡FDPURVH FD

CALGARY & AREA Property & Business Opportunities Liquor Store (Business) Gross sales: $2.3M (2011) Gross margin: 23% Location: High trafďŹ c strip mall in Calgary Asking: $790,000 Liquor Store (Property & Business) Gross sales: $3M (2011) Gross margin: 17% Net Income: $250,000 Location: 2hrs from Calgary Asking: $1.55M Liquor Store (Business) Gross sales: $1.5M Gross margin: 20% Location: 30 min from Calgary Asking: $499,000 Convenience Store (Property & Business) Gross sales: $950,000 per year Net Income: $100,000 per year Location: Calgary Asking:$649,000

Mi Jin Graham CCS 403-990-8110 albertalog@hotmail.com

Subscribe 1-800-661-6988

www.westerninvestor.com

Mary Yuen-Sears, Realtor SUTTON GROUP - CANWEST #1, 555 Hawkwood Blvd NW, Calgary, AB T3G 3K2 #ELL s &AX %MAIL MARY CALGARYTAGTEAM COM s WWW CALGARYTAGTEAM COM

Avison Young Lethbridge Inc. partnership. performance.

Great Investment Opportunities in Lethbridge

FOR SALE

Camrose

11.55 acres, 8 individual lots with a 5000 sf unďŹ nished 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

110,000 SF WAREHOUSE with two strong corporate tenants. 8 CAP Asking $10,000,000

76590 SF WAREHOUSE 90% leased. 9 CAP Asking $5,100,000 For further information contact:

Doug Mereska, Broker doug.mereska@avisonyoung.com 403.330.3338 ext. 201 #217 - 200 4th Avenue S, Lethbridge, AB

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

Alberta B13

WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

P

e t a t s E l a e R e rim

PUBS

For Sale

S ylvan L ake, A lberta Waterfront Pub & Detached Liquor Store Land, buildings and business Prince Rupert, BC $2,500,000 BC’s fastest growing super port city

SHOPPING CENTRES, STRIP MALLS, HOTELS & MOTELS AVAILABLE IN ALBERTA!

For Lower Mainland Pub Opportunities call:

Call CARL STEPP cell: 403-358-9300

Tel: 604-319-2504 Fax: 604-463-5287

www.sylvanlakehouseguy.com 1- -- -ÊUÊ " , Ê ÊUÊ ," /-

780-906-6652

s 2ETAIL (OTEL $EVELOPMENT /PPORTUNITIES s 3+90/24 AT 7ETASKIWIN !IRPORT 3ITES !VAILABLE s LOYAL SHOPPERS IN IMMEDIATE TRADING AREA

City of Wetaskiwin

For Details Contact: RONALD HOLLAND (780) 361-4404 Edm Dir: (780) 421-0953 rholland@wetaskiwin.ca

(RE/MAX Excellence)

EMPIRE REAL ESTATE GROUP

PRUDENTIAL STERLING REALTY LTD.

RE/MAX real estate central alberta

s #OMMERCIAL )NDUSTRIAL $EVELOPMENT /PPORTUNITIES s 3INGLE &AMILY (OMES .EW !PARTMENTS 2EQUIRED s MINUTES TO %DMONTON AND -INUTES TO 2ED $EER

COMMERCIAL

Call Sammy

JOHN JOHNSON

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

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

Edmonton’s Business & Investment Specialists

2 RED DEER WOK BOX FRANCHISES

TWO JASPER AVE COMM. CONDOS

61000SF WHSE/OFF W/RAIL- $5.4M

Two Location Price - $703,999

1789 SF - $579,000 2216 SF - $699,000

14135 128 Ave. Avaiable Immediately!

BUSINESS ONLY zLebanese Restaurant - Bus. Only. Great Location - $495,000

CALL AYAZ OR SAM AT 780.641.1320 zWok Box Franchise - Two locations in Red Deer. May be purchased individually or together. North - $309,000 South - $394,999 zWorth Your Buck - Dollar Store. Riverbend Sq. - $125,000 + Inv

CALL MIKI O’REE AT 780.641.1338 zN Edm Coffee Franchise - Business Only - $215,000 zBottle Depot Businesses - 4 Locations in AB. Call For Info BOTTLE DEPOT BUYING & ORIENTATION - BOOK NOW! ***CERTAIN CONDITIONS APPLY***

zAuto Wash w/Land & Bldgs - Prime location in NE Edm - $2.99M

CALL RAJAN NULLIAH 780.441.5419

INVESTMENT z Jasper Avenue Commercial Condos - 1789 SF and 2216 SF. With tenants until 2014. Well maintained. Ample parking. Priced to sell! 1789 SF - $579,000 2216 SF - $699,000 z Centre 16 - Spruce Grove Retail Building - $1.6M

CALL AYAZ OR SAM AT 780.641.1320

zSelf Storage Facility - 177 Units + 100 RV on 3.88 ac. - $1.9M

CALL MIKI O’REE AT 780.641.1338 z118 Avenue Strip Mall - Court Ordered Sale. - $1.525M

CALL GREG STEELE AT 780.945.7800 zFormer CIBC Building - 3100 SF. Street Front Retail. - $599,000

CALL RAJAN NULLIAH AT 780.441.5419

MULTI-FAMILY z6 Units - Located near NAIT - $678,000 z2 x 9 Units - Strathcona - $2,300,000 z13 Units - Eastwood Strata Titled - $1,300,000 z15 Units - Glenwood - $1,500,000 z22 Units - Central McDougall - Contact For Pricing

CALL MIKI O’REE AT 780.641.1338

LAND z 78 Acres Leduc Commercial - Zoned County Res. - $1.60M

CALL SEIF JIWAJI AT 780.905.7143 z Nisku Commercial Land - 2 Lots Left!. Zoned CS - $400K/Acre

CALL AYAZ OR SAM AT 780.641.1320

w w w.RemaxComm.ca

B14 Alberta

www.westerninvestor.com APRIL 2012WESTERN INVESTOR

BOWDEN ALBERTA

RESORT: Asking $4.0mil 60 Acres in Rocky Mountain, 6 months open MOTEL: Asking $1.3mil 51 Rooms, Sale $500,000 in Vegreville, AB MOTEL: Asking $3.79mil 38 rooms in Edmonton

LEASING OPPORTUNITY OFFICE/COMMERCIAL

Modern building up to 180002ft with 80+ parking stalls. One hour North of Calgary airport with high visibility and 2 minute access to QE II Highway. High traffic volume $10 /sq ft NNN

MOTEL: Asking $1.79mil 45 rooms in Pincher Creek CAR WASH: Asking $2.95mil Sale $600,000 I hour from Edmonton

DON WILSON 403 559 7781 dwilson.vsm@gmail.com

Thomas Koh (CIR) 403-680-9827

Val Toffoli

Selling Edmonton since 1987

Phone: 780-707-9395

REALTY EXECUTIVES POLARIS 4107 - 99th Street, Edm, AB T6E 3N4 “>ˆÂ?\ĂŠĂ›ĂŒÂœvvÂœÂ?ˆJĂƒÂ…>Ăœ°V>ĂŠUĂŠĂœĂœĂœ°Ă›>Â?ĂŒÂœvvÂœÂ?ˆ°Vœ“ APARTMENT BUILDINGS: s 5NITS n &ULL 3IDE BY 3IDE "I ,EVEL $UPLEX 'REAT 7EST %ND ,OCATION .EEDS SOME 4,# PRICED !CCORDINGLY /.,9 s 3TE #HARACTER "LDG #ENTRAL -C$OUGAL /VER CAP RATE 3OME UPGRADES 3ELLER OPEN TO 2EASONABLE /FFERS s 3TE n #TL 1-0 n #AP 2ATE !PPLIANCES $ISHWASHERS 3OME #OVERED 0ARKING -ANY 5PGRADES IN OUT s 3TES n 'REAT #ENTRAL ,OCATION n %XTENSIVE 5PGRADES n ,GE 3TES n %XCELLENT -IX n 9R !SSUMABLE -TG n ND 64" -TG POSSIBLE #AP 2ATE s 3TE n #TL 1-0 n 3 X 3 PROJECTS n /VER #AP 2ATE -ANY 5PGRADES 3UPER 3TE -IX WITH ,'% 3TES ND 64" -TG

Tomkoh999@gmail.com

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

INVESTMENT PROPERTIES FOR SALE! 68 FULLY SERVICED MOBILE HOME VACANT TITLED LOTS located within a modern Mobile Home Park in High Level, AB. Fully serviced, paved roads, underground utilities, fenced and landscaped. MOTIVATED SELLER MAY CARRY 60% FINANCING FOR A QUALIFIED BUYER! MLS # E1014318 Price recently slashed to $975,000 or only $14,338 per lot! PENDING 23 UNIT APARTMENT, University area, nice condition and 5.75 cap. No agents please. Call for proforma Looking for investment properties for all ICI categories. Call now for your complimentary evaluation and allow my 21 years of banking and 14 years of commercial real estate experience to assist you!

RICK D. JENKINS POLARIS REALTY

780-990-6120 cell Email: rdjri@telus.net Commercial Realtor

FORT MCMURRAY – FOR SALE OR LEASE NEW INDUSTRIAL SPACE AVAILABLE – 2012

"

$05.,)( .$&( 8 !42((4 '/10410 " !

!!!

" ! ,*+6$7 #$22(0 "+1/$3 (21'21/( !42$4+&10$ 15047 .%(24$ c -! 2#" ', 2&# * #02 ,"3120' * # 02* ," c ?= $##2 9BB $##2 .0#L#,%',##0#" 12##* !-,1203!2'-, c := $--2 !*# 0 !#'*',% &#'%&2 c '012 0 2# !-,1203!2'-, 2&0-3%&-32 3'*"',% c ,LÉ— --0 &# 2',%I = *'%&2',%I ?= $--2 'L$-*" "--0 c #!30# . 0)',%

s TO SQ FT ON !CRES s ,OTS OF PARKING AND YARD SPACE

Call .JLF (FPSHF or #JMM 4DIPFNBLFS

(0 #,..,$/310 -(0 6,..,$/310 &1..,(23 &1/

(2006) LTD.

www.property-solutions.ca

FULL SERVICE MOTEL

FOR SALE

FOR SALE

In Dynamic Good Sized Western City

Westmount Village Phase 1 /KOTOKS !LBERTA 24,175 Sq. Ft. Shopping Centre

602 - 12 Avenue SE Calgary, Alberta 7,000 Sq. Ft. Downtown Site

Saskatchewan s ROOMS BANQUET AND RESTAURANT FACILITIES WITH LOUNGE AND 6,4 S s 0RICED AT MILLION AT AN CAP RATE s 2OOM FOR IMPROVEMENT

Jim Balfour Tel: (403) 291-8860 jbalfour@naicalgary.com

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

HOTEL - FULL SERVICE Southeastern Alberta s . / ) IN EXCESS OF s &ULL 3ERVICE )NCLUDING #ONFERENCE 7EDDING facilities s 7ELL &LAGGED s ROOMS WITH ROOM AND PLANS FOR EXPANSION s 4WO LOUNGES s (IGH 6,4 COUNT s .ET 2ENTAL INCOME AS WELL s 0RICED TO 3ELL 5 MOTELS PRICED UNDER $700,000 s ,OCATED IN VARIOUS SOUTHERN !LBERTA TOWNS s 'REAT RETURNS FOR AN ON SITE OWNER OPERATOR s (AVE YOUR OWN BUSINESS FOR A LITTLE MORE THAN the cost of an average home in Calgary

Jim Balfour Tel: (403) 291-8860 jbalfour@naicalgary.com

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

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

4110 - 79 Street NW Calgary, Alberta 10,250 Sq. Ft. Office Building

SHOWROOM/WAREHOUSE BAY FOR LEASE Bay D, 4301 - 9 Street SE, Calgary s SQ FT BUSINESS FOR SALE

97 Prairie Place SE Calgary, Alberta 4.7 Acres Industrial Development Site

s )NCLUDES ,AND "UILDINGS %QUIPMENT s SQ FT -EAT *ERKY 0ROCESSING 0LANT s 0OTENTIAL FOR h4URNKEYv /PERATION s ,ONGVIEW !LBERTA MIN FROM #ALGARY s 6ENDOR WILL RESPOND TO ALL /FFERS s 02)#% Jim Courtney Tel: (403) 291-8873 jcourtney@naicalgary.com

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

Calgary Office ! 3TREET 3% #ALGARY !" 4 ( " s Phone: (403) 214-2344 FAX: (403) 214-0244 BUILT ON THE POWER OF OUR NETWORK. OVER 375 OFFICES WORDLWIDE.

Alberta B15

WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

LOCAL EXPERTISE

MATTERS

INVESTMENT OPPORTUNITIES FROM

BARCLAY STREET REAL ESTATE

FOR SALE

FOR SALE RESTAURANT PROPERTY

FOR SALE

COMMERCIAL DEV. SITE IN MARDA LOOP

OWNER USER OFFICE BUILDING

(REAL ESTATE ONLY)

2002, 2008, 2012 and 2016 34TH Ave SW

429 11TH STREET NW

6107 104TH Street, Edmonton, Alberta

Calgary, Alberta

Calgary, Alberta

Site size: 23,000 sq. ft. Land use: DC2D2012 (C-COR1 guidelines), FAR 2, 4 storeys / 16.5 metres

19 Street SW

s 4HIS OFFER IS A REAL estate offering, not an offering for the business within. s Prominent location s ,ONG TERM LEASE IN place

34 Avenue SW

For more information or to view, please contact:

For more information or to view, please contact:

A Class office improvements. Owner user turnkey office opportunity. Income generating residential suites on the second floor. Close to LRT and numerous amenities in Kensington area. For more information or to view, please contact:

RYAN SWELIN rswelin@barclaystreet.com

JEFF ROBSON

RYAN SWELIN

dgrinde@barclaystreet.com

jrobson@barclaystreet.com

rswelin@barclaystreet.com

p: 780-463-3332 c: 403-815-0283

p: 403-290-0178 f: 403-262-1314

p: 403-290-0178 f: 403-262-1314

DOUG GRINDE

FOR SALE

FOR SALE

FOR SALE

OWNER USER OFFICE BUILDING

OWNER USER OFFICE BUILDING

DEVELOPMENT SITE IN INGLEWOOD

224 15TH AVENUE SW

505 21ST AVENUE SW

1402-1404 9 AVE SE, 1412-1418 9 AVE SE

Calgary, Alberta

Calgary, Alberta

Calgary, Alberta

Proximity to 17th Avenue SW, one of Calgary’s most unique and vibrant shopping and commercial districts, provides convenient access to various amenities including cafés, restaurants, shops and fashion boutiques. For more information or to view, please contact:

3,459 sq. ft. of character office premises located on a prominent 6,000 sq. ft. site. The property is located in Calgary’s vibrant 4th Street SW Residential/ Commercial District - Cliff Bungalow.

Prime development site in desirable community of Inglewood. Site size – 32,495 square feet. Existing holding income.

For more information or to view, please contact:

For more information or to view, please contact:

DAN HARMSEN

DAN HARMSEN

DAN HARMSEN

dharmsen@barclaystreet.com

dharmsen@barclaystreet.com

dharmsen@barclaystreet.com

RYAN SWELIN

RYAN SWELIN

RYAN SWELIN

rswelin@barclaystreet.com

rswelin@barclaystreet.com

rswelin@barclaystreet.com

p: 403-290-0178 f: 403-262-1314

p: 403-290-0178 f: 403-262-1314

p: 403-290-0178 f: 403-262-1314

COMMERCIAL REAL ESTATE

SOLUTIONS

Office, Retail, Industrial

Land, Investment

SALES AND LEASING

SALES

Property Management

CALGARY OFFICE Suite 200, 407 – 8th Avenue SW Calgary, AB T2P 1E5 p: 403 290 0178 f: 403 262 1314 EDMONTON OFFICE 202, 2520 Ellwood Drive Edmonton, AB T6X 0A9 p: 780 463 3332

WWW.BARCLAYSTREET.COM

B16 Alberta

www.westerninvestor.com APRIL 2012WESTERN INVESTOR

F O U R P L E X F O R S A L E I N R O C K Y M O U N TA I N H O U S E Asking price $ 465,000

• 3000 sq ft character ofďŹ ce space - Victoria Park • 4000 sq ft Penthouse ofďŹ ce space - 17th Ave S.W. Calgary • SW Calgary neighbourhood – Deli $69,500 • RV Repair Business, Calgary - $500,000 • Neighbourhood Shopping Centre - $4.2M • Buyer Representation for Alberta Multi-Family Properties • Buyer Representation for Golf Course & Resort Development

For an excellent return on your investment consider this recently upgraded rental property. Located on a very large, grassed and completely fenced lot, close to schools, walking pathways and parks. Each unit is 3 bedrooms, one bath – All units are 1130 square feet each. All appliances included and half are less than 5 years old. Many upgrades include, new sofďŹ t/facia, most new windows, 2 exterior doors and sidewalks.

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

Legal description: Lot 36a & 36b Block 7 Plan 772 2764 Civic Address: 5743 & 5745 53 Street. Close, Rocky Mountain House Property size: approx. 7000 sq ft Financial information: Gross revenue: $47,160 per year Currently: all 4 occupied Taxes: $4500.00 for 2011 Tax Year

Email: Commercial@prutp.com to Receive Our Current Alberta Apartment Report!

Contact: Rudy 403-845-1474 or Cli 403-844-5507

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B17

WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

REGIONAL ROUNDUP Calgary’s largest suburb appears poised on the cusp of a permanent building boom

"EWBOUBHF "JSESJF city Calgary-based warehouses close to the Deerfoot Trail freeway are sometimes accessed WESTERN INVESTOR only through snow-day gridlock. Then there are the numbers that matter conf you’re looking for signs of an eco- siderably to many large building leaseholders: nomic slowdown in Alberta, you might lease rates and tax rates. be wise to close your eyes while touring Airdrie, says Marsden, does comparatively through Airdrie. well in both categories when lined up against That’s because Calgary’s largest suburb the metropolis to the immediate south. remains in a relatively permanent boom mode, recording 8 per cent-plus population growth -PX UBYFT again in 2011 and building permit values that “Your property taxes are significantly lower, easily surpass other, more populous second- anywhere from 13 to 17 per cent,� Marsden tier Alberta cities like steady Lethbridge and explained. On top of that, Airdrie doesn’t have oilpatch-dependent Red Deer and Grande a business tax. Calgary is still contemplating Prairie. how to get rid of its business levy. In Airdrie, 6, 7 or 8 per cent growth is the Taxes played a role in the decision of norm. TransCanada Turbines to relocate a producAnd if you look at the influences for the next tion facility to Airdrie, Marsden notes. The few decades, don’t expect that to change too company opened a new shop with 180,000 much. square feet of production space along Highway For starters, Airdrie is better positioned now 2 in summer 2011. as a transportation and logistics centre than it Airdrie’s ongoing growth has also produced was five years ago; and, depending on who you a huge new labour pool in the city for potentalk to, will likely improve even more when tial employers, and while Airdrie residents CN Rail opens its new inter-modal yard north- have shown a willingness to drive to Calgary east of Calgary next year. for work, the potential is there for large, new “With CN now going up to northeast Calgary, employers to reduce commuter numbers over outside the city limits, Airdrie becomes a lot time. more viable,� said Colliers International As things now stand, only about one-third industrial associate Paul Marsden. “As of employed Airdrie residents actually work opposed to being a 40-minute drive from the in their home community, according to city inter-modal yards, you’re now 15 minutes.� census figures. “There’s been significant growth in the 'BTU GMPX population over the last three to five years. Marsden understands the Highway 2 city’s What that’s doing is creating a critical mass lure to larger industrial clients. Those clients of people for the workforce to draw from,� have immediate access to Alberta’s north-south Marsden noted. highway backbone, not to mention the TransCanada Highway bypass around the north end *OEVTUSJBM of Calgary. The latter means there are now Marsden is involved in marketing the city’s new virtually no traffic snarls or delays to ship Highland Park industrial subdivision on behalf east or west from Airdrie. In contrast, inner- of Beddie Group, and says that factors such as

Photo: TransCanada Turbine

DAVE HUSDAL

Photo: City of Airdrie

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ABOVE: Highway 2 roars through Airdrie and is fuelling demand for industrial land and manufacturing facilities. INSET: TransCanada Turbine recently opened an 180,000-square-foot production plant beside Alberta’s busiest highway corridor.

lower land costs also help to make Airdire projects such as Highland Park attractive. Airdrie industrial land typically sells for 70 to 75 per cent of the cost of Calgary land ($425,000 to $475,000 in Airdrie, as compared with up to $700,000 in Calgary) making it possible for companies such as Beedie to offer shell lease rates as low as $5.95 per square foot on new warehouse space. Kent Rupert, the City of Airdrie’s economic development team leader, noted Airdrie’s attractiveness while summarizing the city’s 2011 numbers in mid-February. “It was another great year for Airdrie business,� Rupert said. “From the expansion of existing businesses to new strip malls to construction of a large-scale industrial building [a $9 million building in Highland Park], the market reflected there is still a lot of confidence in the Airdrie market.�

Indeed. The city recorded an average of 27 new businesses licensed each month in 2011 and, according to the city’s satisfaction survey 89 per cent of businesses believe Airdrie is a good place to do business.

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It’s also a popular place to move to, according to city stats. New-housing building permits hit 1,070 units in 2011, including 629 singlefamily homes, 182 duplex units and 259 multifamily units. The past year marked a recovery in permits for multi-family units, which fell to zero for 2008, 2009 and 2010 after accounting for 1,543 units in the three previous years, roughly 34 per cent of the market in 2005-07. Multi-family units account for 24 per cent of new housing in the city in the past nine years,

Please see Potential page B18

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B18 Alberta

www.westerninvestor.com APRIL 2012WESTERN INVESTOR

Looking for a quick buyout? If you’re a property management owner looking to retire, cash out or reduce hours, we want to talk to you. We seek to grow, have cash, and are experts at tax-eďŹƒcient, exible options.

Keith McMullen 403-228-4303 keith@firesidepropertygroup.com

suggesting Airdrie is far more than just singlefamily suburbia. Area structure plans approved since 2005 allow for more than 16,600 housing units, with multi-family construction accounting for roughly 44 per cent of those. While new homes keep coming, MLS housing stats show housing prices are still down from four years ago. The average selling price for a single-family home in the city hit a peak of 379,581 in 2008 and had fallen to $360,836 for 2011. The average condo sold for $210,303 last year, down from a high of almost $260,000 in 2007. The city’s tax regime may make rentals a good investment, particularly with more larger employers such as Costco set up in or coming to Airdrie. The retail giant was one of the first major companies to set up a state-of-theart warehouse in industrial Airdrie, taking the plunge back in 2007. While Airdrie pretty much sells itself due to location and logistics advantages, its chamber of commerce isn’t afraid to detail the advantages of southern Alberta’s fast-growing city. Notes Lorna Hunt, the executive director of Airdrie’s chamber, Airdrie has no business tax, straddles Alberta’s busiest highway and is a closer commute to Calgary International Airport than most of Calgary. Those factors help businesses stay in the city, even when expanding. “Businesses will expand, or relocate, but they

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stay in Airdrie,� explained Hunt. “That’s what I find exciting. If there’s something wrong with where they are, they will look within Airdrie and find something better.� As a longtime resident, Hunt has seen service levels to residents and businesses grow. There’s better access to everything from medical services to a wide range of shopping and excellent schools.

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

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"JSESJF "# Population 43,155 Growth rate (2010 to 2011) 8.37 per cent Building permits 2011 $265.1 million Industrial land $425,000 to $475,000 per acre Business tax rate 0 per cent Future annexation area expected for 2012 12,640 acres (50-year land supply) Web page www.airdrie.ca

While industrial land costs may not be considerably less than around Balzac any more, the look and feel of Airdrie still make it attractive, he says. They also like the growth, says Richard Glubish, director of leasing for Hopewell Development, which is developing the 43-acre Sierra Springs retail project on the south end of Airdrie along Highway 2.â—†

$"-("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 – 100 ST. SE 160 Acres Near Stoney Trail $16 Million EAST CALGARY – 84 ST. NE 20 Acres Stoney Trail Frontage $2.15 MILLION CONRICH NEAR CN RAIL INTERMODAL 60 Acres Rail Front + Water Line $2.7 MILLION 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 - $8.9 Million 140 Acres - $16.1 Million 160 Acres - $18.4 Million

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The amenities of the growing city and the community feel of the place make it competitive even as land values have gone up. Veteran Century 21 commercial realtor Ed Eggerer says the community itself is a selling point, one that helps Airdrie compete against the growing retail and industrial cluster of development at Balzac, between Calgary and Airdrie. “We have a quality of life inside the city here that’s very well established, and people realize that when they come looking to either locate their company or their plant here,� said Eggerer. Commercial retail space in the Airdrie market varies in cost, from under $20 a square foot annually to the high 20s or over $30 in the newest power centre development. Eggerer says vacant industrial space in the city can be found for $8 to $9 per square foot, at least for larger shops. There isn’t too much spec building going on right now, Eggerer says, with new construction being pushed more by owner-users in need of more space.

$BMM Ray @ 403-627-8084

LAUT AVENUE, CROSSFIELD ALBERTA

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WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

Each office is independently owned and operated.

MARBLE SLAB CREAMERY

INVESTMENT OPPORTUNITIES TRUMPETER POINTE VANCOUVER ISLAND, BC

COUNTY OF RED DEER, AB

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CAMPBELL RIVER, BC

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RE/MAX Real Estate Commercial Division

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This is a rare opportunity to acquire an established business in a high volume location. ZAK MIMOUNI 780-604-4001

RE/MAX Edmonton

OPPORTUNITIES

INVESTMENTS CALGARY AREA

$2B Expansion at Cold Lake oilsands Take advantage of the economic spin offs

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DEVELOPMENT SITE 5.08 ACRES

UÊ 132 acres Ê highway #2 frontage ]Ê ÓäÊ ÕÌiÃÊ ÀÌ Ê vÊ > }>ÀÞÊqÊV> ÊÌ `>Þ UÊ 279 acres Ê V>Ìi`Ê iÝÌÊÌ Ê À ÃÃv i `ÊqÊ « Ãà L iÊ`iÛi « i ÌÊ« Ãà L Ì iÃÊ ÉUÊ 137 acres ÊÜ Ì Ê#2 highway frontageÊqÊ iÝVi i ÌÊ>VViÃÃ

$770,000

UÊ 320 acresÊiÝVi i ÌÊv>À > `ÊqÊÓäÊ ÃÊ Ê vÊ > }>ÀÞÊÊÊSOLD UÊ 151 acres Êi>ÃÌÊ vÊ PRICED TO SELL

7.2 ACRES ZONED HIGHWAY COMMERCIAL Services prepaid

$749,900

A ir drieÊqÊ

UÊ 79 acres Ê iÃÌiÀ iÀiÊqÊiÝVi i ÌÊ `iÛi « i ÌÊ« Ìi Ì > For more information on these and other properties

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.

Complete business package ready for a new owner. Building, inventory, fi xtures, coolers and delivery van.

DEVELOPMENT OPPORTUNITY

Great opportunity to develop on sites zoned R4 (High Density Residential). Adjacent to UÊ East Balzac Ê q Ê Ê v Ê > } > À Þ Ê q Ê £ x £ adult Ê living community and near the Hos>VÀiÃ]Ê£ÓxäÊõ°vÌ°ÊLÕ }> Ü]Ê{ä½ÊÝÊnä½Ê pital & Health Centre. 1.4 acre site $499,000 +Õ ÃiÌ or 0.76 acre corner site $ 200,000. UÊ CAR WASH ÊqÊ}Ài>ÌÊ ÛiÃÌ i ÌÊqÊV> Ê CALL RANDY PLANT Ì `>Þ

U 64 seat restaurant Ê Êv>ÃÌÊ}À Ü }Ê V Õ ÌÞÊ north of Calgary]Ê«À ViÊ V Õ`iÃÊ > `]ÊLÕ ` }ÊEÊiµÕ « i Ì

75.05 ACRES DEVELOPMENT LAND

OUTSTANDING BUSINESS!

call

780 361 9215 RE/MAX

WAINWRIGHT AB COMMERCIAL BUILDING In Wainwright, AB built in 2009 8960 sq.ft. commercial Lease space with tenants 8.2% cap rate $1,147,000 COMMERCIAL BUILDING In Wainwright, AB built in 2009 8224 sq.ft. Total. 4384 Small Animal Vet Clinic Vacant 3840 sq.ft., Leased shop space, 9.2% cap rate $926,000 COMMERCIAL CONDO 1800 sq.ft. Commercail Condo built in 2011 Office, Shop, and fenced Compound Tenants in Place $198,000 VACANT LAND 105 Acres of Vacant Land adjacent to Wainwright Excellent Investment opportunity for development as Industiral/Commercial space is limited $1,260,000 CUSTOM HOME 17 Acres 10 miles outside Wainwright, AB 1874 sq.ft. Custom Built Home with 3 car garage, as well as 60 X 60 fully finished shop $795,000 MLS# 45295

DON SACKETT

Art Melin 780-806-3175

RE/MAX ACA REALTY

(403) 946-5657 ACA Realty

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

WETASKIWIN 2007

780 352 9241

artmelin@remax.net Baughan Realty

621 - 10 St. Wainwright, AB T9W 1P2

Each office is independently owned and operated.

B20 Alberta

www.westerninvestor.com APRIL 2012WESTERN INVESTOR

ALBERTA IS AGAIN MOVING! MOTELS & HOTELS ≼HARDISTY New 44 unit Motel. ≼NAMPA,ALBERTA in busy boom town, 16 unit motel, 100 seat lounge, VLTs, liquor store and restaurant. PRICE REDUCED TO $990,000! ≼CAMROSEALBERTA 68 room, full services Hotel. REDUCED - NOW $4.0M. ≼CAMROSEEAS T 12 miles, 8.03 acres, 6660 sq. ft Commercial use oil service shop with a beautiful 2600 sq ft. modern residence. A park-like yard. ASK $1.2M. ≼CAMROSE 4-Plex – reduced! Located in a quiet residential south west area. Individually titled. Fully leased. ASKING $429,000.

≼FORESTBURG Pizza & Steak house. Restaurant seats 60, Loung 30, with 3 VLTs & 2 cash machines. A very profitable operation. Full line of stainless steel equipment & recently upgraded fixtures. Living quarters as part of premises. ASK $565,000. ≼VIKING Viking Hotel, a renovated and up graded operation. 12 guest rooms, a managers suite, tavern, & restaruant. Owner retiring. ASK $159,000. ≼ANDREW,AB Liquor store. 2064 sqft. Brick finished bldg. on main street. (Former ALCB) Financials available to qualified buyers. ASKING $285,000. ≼DAYSLAND Bottle Depot – Building, all equipment, and shelving with additional 2 lots. Do a drive by. Phone for details.

CENTRAL ALBERTA CAMPGROUND OPPORTUNITIES

LAKEFRONT! 403-347-0744 LAKEFRONT BEAUTY ONLY 90 MINS FROM CALGARY

$3,250,000 KACIKEWIN CAMPGROUND & CABINS Only 40 min. west of Edm. 10.00 +/- Fully treed acres. 89 beautiful lakefront sites. Fully rented last 9 yrs. Store/Manager's residence. Room for expansion! Large sandy beach area. Located west of Alberta Beach on Lac Ste. Anne.

email:swancity@telusplanet.net www.swancityrealty.com

$775,900

ca

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FOR MORE INFORMATION CALL OREST:

Chalet style cottage or year round home on a quiet cove. Absolutely loaded with upgrades and features. Walkout basement. Stunning views from all decks. Private Parklike yard with paved drive and mature landscaping. Excellent waterfront depth and dock system. Pine Lake is famous for its sandy bottom, excellent boating, watersports and ďŹ shing opportunities. One of a kind property guaranteed to impress. Only 90 mins from Calgary and 25 mins East of Red Deer. More Bring us an offer ! info at www.pinelakeproperties.

DUSTY SMITH TEAM

780-679-8353 FAX: 780-672-1897

SUTTON LANDMARK REALTY / RED DEER, AB

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CAMROSE, ALBERTA

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 s "ANK 3ALE RESIDENTIAL UNITS MAIN mOOR UNITS PARTIALLY COMPLETE 7ESTLOCK !"

INVESTMENT SALES SITE

s UNITS IN BUILDINGS IN 7ETASKIWIN BDMS s (IGHRISE SITE IN 2UTHERFORD ACRES ZONED FOR UNITS IN DYNAMIC AREA s (IGH DENSITY DEV SITES APT OPPORTUNITIES IN 7ETASKIWIN s ,AC ,A "ICHE -OBILE (OME 0ARK PAD AND ACRE SITE s UNITS -ORINVILLE MINUTES FROM 3T !LBERT BUILT 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 n SQ FT LOCATED AT INTERSECTION OF &ORT 2OAD 7AYNE 'RETZKY $RIVE 9ELLOWHEAD STARTING AT SQ FT

BURKE SMITH burke.smith@cwedm.com CONTACT

DEVELOPMENT OPPORTUNITIES +/- 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: Fronting St.Albert Trail, Zoned IB (Industrial Business)........................ $3,500,000 +/-13,812 SQ FT: 8204 – 106 AVENUE ‌‌‌. .......................................................$495,000 +/- 0.31 ACRES: high visibilty location on 111 Avenue .......................................................$610,000

JEFF MCCAMMON OR DOUG BAUER

CONTACT

QUESNEL, BRITISH COLUMBIA

PRIME WEST EDMONTON LAND – RA7 s 2EADY TO BUILD UP TO UNITS s ACRES s !SKING CONTACT JEFF McCAMMON / DOUG BAUER OR DUSTIN BATEYKO

WESTLOCK MALL, WESTLOCK, AB s ¢ SQ FT ON ACRES ANCHORED BY 0EAVEY -ART AND 4HE "ARGAIN 3HOP s SQ FT s !TTRACTIVE RETURNS

CONTACT DAVID COONEY / DOUG FOGG OR HOWARD McCANN

DUGGAN MALL, CAMROSE, AB s SQ FT SQ FT NET RENTABLE MAJOR ENCLOSED SHOPPING CENTRE SHADOW ANCHORED BY 3MITH #LINIC AND #ANADIAN 4IRE ASKING SQ FT

MULHURST BAY CROSSING s ACRES ON 0IGEON ,AKE s !REA 3TRUCTURE AND 3UBDIVISION 0LAN APPROVED FOR DWELLING UNITS SITE 26 SEASONAL PARK ACRES COMMERCIAL DEVELOPMENT SITE s 3ERVICES IN CLOSE PROXIMITY

INDUSTRIAL BUILDING FOR SALE s BUILDING COMPLEX s &ULLY LEASED TENANTS s

s !N IDEAL OPPORTUNITY FOR AN INVESTOR INTERESTED IN LONG TERM INCOME STABILITY AS #ENTRE IS LEASED TO .ATIONAL BRANDED TENANTS s 4ENANTS INCLUDE "OSTON 0IZZA )2)3 AND ! 7 s 3TABILIZED NET INCOME OF s 0RICE $2,950,000

CONTACT HOWARD McCANN / DOUG FOGG OR ADAM MARTINSON

OFFICE BUILDING FOR SALE s 7ELL LOCATED STOREY OFlCE BUILDING ON 3TREET s %XCELLENT OWNER USER OPPORTUNITY WITH DENTAL OFlCE BUILT OUT ON MAIN mOOR s 4OTAL OF SQ FT ABOVE GROUND s

CONTACT IAN NEWMAN

FORT MCMURRAY, AB s &ORMER &ORT 4HEATRE s SQ FT SITE WHICH INCLUDES A SQ FT BUILDING

CONTACT DOUG RAE

MERRITT, BRITISH COLUMBIA s ¢ SQ FT FREE STANDING BUILDING FOR 3ALE OR ,EASE s )NCLUDES BONUS PARKING LOT s ,EASE SQ FT 3ALE

CONTACT murry.osborne@cwedm.com or

CONTACT JEFF McCAMMON OR DOUG BAUER

scott.sowinski@cwedm.com

SPRUCE GROVE, DEVELOPMENT LAND

FORMER WAL-MART, MEDICINE HAT

s !DJACENT TO 3UPERSTORE AND (OME $EPOT s 0ARCELS FROM ACRES s 'REAT OWNER USER LAND JOIN -ACgS CAR WASH

CONTACT DOUG FOGG OR MARK McCANN

s (IGH PROlLE REDEVELOPMENT OPPORTUNITY s ACRES S F BUILDING

G ENDIN P CONTACT HOWARD OR MARK McCANN

s

Alberta B21

WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

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Edmonton growth $POEP DPODFSOT GPSDF tops 10 per cent FWBDVBUJPO JO -FEVD

‘Hat dream backed T

he economic slowdown that hit Alberta in 2008 and 2009 failed to slow growth in Edmonton. In fact, Edmonton grew by 11.2 per cent from 2006 to 2011, even faster than the 9.6 per cent growth it experienced in the five edicine Hat’s dream of a large new years ending in 2006, according to the latest regional event centre remains alive Stats Canada numbers. enough for the city to commit more cash The numbers were quick to draw comment to it. from city officials. City council in the ‘Hat recently voted to “The census shows Edmonton’s growth free up $1.3 million from its capital budget to has been stronger than expected,” said facilitate design/build proposals from qualiJohn Rose, chief economist for the City of fied bidders for the project. This phase of the process is expected to last Edmonton. “We’re seeing that migration to Edmonton was not as negatively affected by about nine months. the 2008-2009 recession as had been previIts next step would be to move ahead with actual construction management for the project. ously thought.” A new event centre/arena has been on Medicine Hat’s wish list for several years. A site was selected in the far northwest corner of the city on the north side of the South Saskatchewan River a few years ago. The centre is envisioned for the Box Springs commercial/industrial area, and it would be easily lberta landlords appear confident that visible from the Trans-Canada Highway. they will not be facing rent controls, At one point the event centre was tagged despite what appears to be a sharp left turn at about $94 million, with that estimate and by the province’s Conservative government. a lack of committed provincial and federal This year Alberta Premier Alison Redford funding leaving the city short of what it tabled her first budget and it placed a fresh needed to proceed. emphasis on social assistance and big-time Whether federal funding is any closer spending. Among other items, the $41.1 bilright now remains to be seen. Medicine Hat’s lion in spending this year boosted money for mayor, Norm Boucher, ran unsuccessfully education and health care, expanded day care for the Liberals in the last federal election, and raised welfare payments by a third. In something that likely didn’t put the city’s all, it will result in an estimated $900 million priorities much higher with the Harper govdeficit. ernment. “We haven’t heard anything about rent conThe event centre/arena is seen not only trols coming,” said Gerry Baxter, executive as a new home for the Medicine Hat Tigers director of the Calgary Residential Rental junior hockey team in the ‘Hat, but for larger Association, whose members own or control conventions, trade shows and concerts in the an estimated 50,000 rental units. southeast Alberta service centre. Baxter said Alberta’s biggest city is doing While Medicine Hat has struggled to move fine without rent controls, one of the few citahead with the events centre, Lethbridge, its ies in Canada without them. southern Alberta rival, has been able to spend His members are citing a 3 per cent rental close to $34 million on upgrades to the city’s vacancy rate. A recent survey of members Enmax Centre, built as the Canada Games showed that the turnover in apartments last Sportsplex back in 1974. year was 43 per cent and the main two rea-

with $1.3M cash

M

No fears of rent controls

A

U

nresolved problems with a new Leduc condo complex have thrown the lives of more than 100 Leduc residents into limbo. The City of Leduc issued an order in late February for residents of the Bellavera Green Condo Complex to vacate the complex by the end of March 2012 due to what the city has deemed “life-safety concerns.” “This order was issued after numer- 100 owners forced to flee Leduc condo project. ous, serious Alberta fire and building code violations were revealed, yet were unaddressed by the building owners,” said fire chief Ernie Polsom. The Bellavera case, which may put 150 residents out of the 85-unit complex for an extended period, is likely causing concerns for some condo buyers in the greater Edmonton market. That’s because Bellavera is a new building. An occupancy permit was only granted for it back in February 2011. Inspections leading up to the order found the construction site that included the building abandoned, and that there was no person directly responsible for maintenance of everything from alarm systems to the emergency planning process. The project’s deficiencies include a condemned fire stairwell and faulty wiring for emergency alarm systems. Since the order was issued a court order has followed, putting the project into receivership and allowing the receiver to borrow up to $1 million to deal with the crisis. Many of the units in the building had already been vacated by renters as of early March. Orders requiring evacuations of Alberta condo complexes are considered rare in the province, though they’ve occurred in Leduc and Fort McMurray in the last year. Photo: CBC/Leduc

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The move comes after a review by a government-appointed panel that was charged with looking into the need for the lines. “Our decision to proceed with strengthening the backbone of the transmission grid will ensure we can power our economy for the foreseeable future,” said Energy Minister Ted Morton, who painted the decision as one whose importance would be felt in the long term. The province will also direct the Alberta wo major new power transmission lines will be built in Alberta, despite concerns Utilities Commission to examine ways to raised by power customers, landowners and reduce the projected effects of the lines on consumer power bills. some power generators. Government figures suggest that the lines The province recently announced approval will add about $3 per month to typical resiof the two new lines, which will transmit power in the corridor between the province’s dential bills, and $3.75 per megawatt hour for industrial consumers.◆ two principal cities, Calgary and Edmonton.

sons why people left a rental apartment were either to buy a home or move to a new job, Baxter said. “Rental increases didn’t register as a factor,” he said.

Province plugs in for power lines

T

Break Out of the Box Land...red tape…business costs…they can have any transportation & logistics business feeling boxed in. Get your business freedom back 30 minutes south of Edmonton, where red tape is a bad word, there’s affordable land to spread out on, business costs are competitive, a nose to the grindstone workforce has your back thick or thin, and there’s easy access to major rail, road, and air linkages. Home Hardware chose us as its distribution hub for western Canada; Santa Claus considered us.

City and County of Wetaskiwin, Town of Millet

Call 780.361.6231 or visit WWW.JEDIALBERTA.COM

B22 Alberta

www.westerninvestor.com APRIL 2012WESTERN INVESTOR

Commercial Mortgage Funds Available InďŹ nity Mortgages and Loans Inc. specializes in Multi residential, commercial, industrial, retail, hospitality and development. We provide ďŹ nancing ranging from bridge loans to long term take out. Whether acquiring, reďŹ nancing or constructing, our experts have the experience to ďŹ nance your project. Canada wide and international service available.

WWW INlNITYMORTGAGES COM s WVIGNAL INlNITYMORTGAGES COM

403-770-0224 BUSINESS & INVESTMENTS MOTEL IN SUNDRE * Asking: $2.49M * SALES: $752,047 * NOI $366,681 * 25 UNITS * 17 VLT’S MOTEL IN ST. PAUL * Asking: $1.08M * Sales: 358,231 * NOI: 236,484 * 53 Units MOTEL IN MOSSLEIGH * Asking: $599,500 * Sales: $160,000 * 17 Units + 14 RV parking stalls GROCERY STORE IN OYEN * Asking: $1.29M * Sales: $2.6M * Living quaters included STRIP MALL IN CARSELAND * Asking: $2.2M * NOI: $140,400 * Building size: 12,600 sqft

PEACE RIVER, ALBERTA FOR SALE: COMMERCIAL BUILDING

Presently leased - some Vacancies available. 37,000 sq. ft. on 2.99 acres. Includes commercial Kitchen, banquet room plus smaller ofďŹ ces. Many upgrades and renovations. Downtown location - plenty of parking.

Offered for $2,500,000 NORTHERN ALBERTA FULL SERVICE HOTEL FOR SALE

LAUNDROMAT + DRY CLEANING IN ROCKY MOUNTAIN HOUSE * Asking: $369,900 * Sales: $293,501 * NOI: $144,480 * 12 Washers, 13 Dryers * Size: 3,164 sqft * Rent: $4,176

81 rooms and suites - on 12.5 acres. Highway frontage - lots of parking. 76 seat coffee shop, 135 seat dining room, 80 seat pub, 160 seat Sports Bar with VLT’s. 2 homes for staff housing.

Offered for $16,000,000 For Further Information and Details, Call

ROCKY PARK CIR REALTY 403-681-7512 www.rockypark.ca

11 UNIT EDMONTON APARTMENT BUILDING Completely renovated with new foundation, 10 years ago. Very stable tenants, excellent location in Little Italy, 5 minutes to downtown, 3 minute walk to the Italian Centre for groceries. Asking $799,000 58,000 SQ FT WINNIPEG INDUSTRIAL BUILDING Opportunity Knocks! 47,000 sq ft + 11,000 sq ft 3 1/2 storey industrial warehouse. 11’ ceilings, 2 dock staging, 36 parking stalls, Freight elevator. Located 4 blocks from Winnipeg General Hospital. Buy and hold, or convert to ofďŹ ce/condos/care home. Asking $850K. COMING SOON: 68 unit apartment building close to downtown Edmonton

KEVIN NG, MBA B.Sc, Professional Real Estate Agent and Realty Advisor For these listings and more, please check out

www.KevinNg.com or call me at

604-781-0680 Sutton Westcoast Realty

CURRENT OFFERINGS

RETAIL BUILDING IN CALGARY * Asking: $669,500 * NOI: 35,800 LIQUOR STORE IN ELNORA * Asking: $229,000 * Sales: $400,000 * Living quarters included

FOR SALE BY OWNER

RE/MAX GRANDE PRAIRIE

Thiry Kelemen 780-831-8804 thiry@telus.net

We have funds available! We are looking for 1st or 2nd mortgage lending opportunities for: r 4JOHMF BOE NVMUJ GBNJMZ SFTJEFOUJBM EFWFMPQNFOUT r $PNNFSDJBM JOEVTUSJBM BOE SFUBJM EFWFMPQNFOUT r 3FĂąOBODJOH BDRVJTJUJPOT r $POTUSVDUJPO MBOE TFSWJDJOH r #SJEHF MPBOT r *ODPNF QSPEVDJOH QSPQFSUJFT CareVest has been providing its industry leading lending services since 1994. We provide integrated real estate services specializing in the investment, financing and syndication of real estate mortgaging throughout Western Canada and Ontario.

1-877-509-0115 www.carevest.com

s ! &LAGGED 2OOM ,IMITED 3ERVICE (OTEL consisting 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. !SKING s ! 3UITE !PARTMENT #OMPLEX in superb condition, continuously operates at a very high occupancy level that yields excellent revenues, immediate possession, an excellent buy at s ! &LAGGED &ULL 3ERVICE (OTEL, strategically well placed in a Premier location, completely up-graded, signiďŹ cant mortgage ďŹ nancing, very strong revenue performances; a good investment with a big up-side potential going forward. !SKING s ! &LAGGED 2OOM &ULL 3ERVICE (OTEL well located in a prime commercial area a dynamic city, the stellar performance of its operation is attested to by its continuous outstanding growth in revenues, plus substantial up-side potential. !SKING s ! &LAGGED 2OOM ,IMITED 3ERVICE (OTEL, featuring indoor Swimming pool among its other amenities, very well located on a service road that gives it highway exposure, outstanding Revenue/occupancy performances. !SKING s 5RBAN 2ESERVE ,AND with potential uses for highway commercial and residential in a town with tremendous growth potential going forward, very reasonably priced at s ,OCATED IN A VERY POPULAR 3KI 2ESORT A New Deluxe 2-Bedroom Condo Consisting of 2-bath rooms, ďŹ replace, cable among 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 !SKING 0RICE OF

YOUR ADVANTAGE IN ALBERTA SHOPPING PLAZA, HOTEL IN BIG CITY s !SKING s 2%6 - Hotel: $1,110,695; Rental: $513,253; Others: $669,734 s OVERSIZED ROOMS PLUS TENANTS AND OTHER BIG REV INCOME SOURCE s ,OCATED IN BIG CITY DOWNTOWN CORE WITH ACRES OF LAND AND SQ FT BUILDING MONEY MAKING FRANCHISE MOTEL s !SKING - s 2%6 s YRS OLD VERY BUSY LOCATION s ,IMITED 3ERVICE 2OOMS LOCATED IN VERY BUSY CITY FRANCHISE MOTEL s !SKING M 2EVENUE M s %XTREMELY HIGH END YEARS OLD BUILDING WITH HIGH VISIBILITY FROM (IGHWAY ROOMS SWIMMING POOL WATERSLIDE AND TWO MEETING ROOMS LIMITED SERVICE FRANCHISE MOTEL s !SKING - s YEARS OLD STOREY ROOMS s 3WIMMING 0OOL W WATER SLIDE s 3ITUATED WITH EXCELLENT EXPOSURE IN BIG CITY !" LIMITED SERVICE FRANCHISE MOTEL s !SKING - s 6ERY STEADY REVENUE s 2OOMS WITH SWIMMING POOL WATERSLIDE s ,OCATED IN BIG CITY IN !LBERTA MOTEL IN B.C. s !SKING - s 2%6 s 2OOMS W ,EASED 2ESTAURANT ,OUNGE s 7ATERSLIDE 3AUNA 0OOL s ,OCATED 4RANS #ANADA HIGHWAY WITH AMAZING VIEW s 5NDER RENOVATION FOR &RANCHISE mAG FRANCHISE MOTEL IN SOUTHERN ALBERTA s !SKING - s 2%6 s 2EV IS VERY STEADY PAST FEW YEARS DURING RECESSION s ROOMS WITH CLIENT BASE FROM 0ROVINCIAL &EDERAL EMPLOYEES TOURISTS AND OIL GAS AGRICULTURE MOTEL WITH RESTAURANT IN SK s !SKING - s 2OOMS s 2%6 2OOMS 2%34!52!.4 s 'REAT LOCATION IN THE CORE OF THE OIL INDUSTRY FULL SERVICE HOTEL NEAR CALGARY s !SKING - s 2%6%.5% - s ROOM VLT SEAT RESTAURANT AND SEAT OF BAR MOTEL WITH RESTAURANT s !SKING s 2%6 s 2OOMS 6,4 GAS BAR / CAR WASH s !SKING - s 2%6 s 'REAT FACILITY YEARS OLD LOCATED IN BIG CITY IN !" s %XTRA ACRE OF LAND VALUED AT OVER - GAS BAR, C-STORE AND A&W s !SKING s 2%6 'AS "AR # 3TORE ! 7 s . / ) CAR WASH NEAR CALGARY s !SKING - s 2%6 s BAY AND AUTO s 9EAR GAS BAR IN SK s !SKING M s 2%6%.5% M WELL MAINTAINED GAS BAR LOCATED VERY BUSY OIL INDUSTRY GAS BAR, C STORE s !SKING 2EVENUE ./) s %QUIPMENT WERE INSTALLED IN ABOVE GROUND TANK ACRES LAND BAY CAR WASH SHOPPING MALL s !SKING - s . / ) s TENANTS

MAXWELL

3/54( 34!2 2%!,49 s www.leechoonho.com FRANCIS LEE, Associate Broker )# ) &ULL #OMMERCIAL -EMBER s -ANAGER "USINESS )NVESTMENT $IV

For More Details

Tel: 403-680-6130

Email: francisleemaxwell@gmail.com #20, 8180 Macleod Tr. South, Calgary

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

1-800-661-6988

Saskatchewan B23

WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

4BTLBUDIFXBO

Saskatoon will need hotels, retail

R

apid population growth in Saskatoon over the next two decades will require three million more square feet of retail space, at least six new hotels and a 40 per cent increase in office space, according to a consultant hired by the city. A 215-page outlook report, completed by Vancouver-based MXD Development Strategists for $91,000, said the city has enough land, however, to handle the startling demand. The report projects Saskatoon will hit 325,000 people around 2028, with an average growth rate of 1.8 per cent. At that time, the city will require close to 900 new hotel beds – or six new hotels. Retail space is estimated to jump to 13 million square feet from 10 million square feet. Office space will grow 40 per cent to 6.8 million square feet from 4.8 million square feet. And industrial space will increase to 22.3 million square feet from 15.2 million square feet, the report estimates. The report suggests employment centres be integrated in developments in the north, east, west and south of the city. The new “mini downtowns” in each area of Saskatoon, which will surround future residential growth, will ease pressure on the city’s transportation system by ensuring some people live and work in the same area, thereby easing commuter congestion. The airport area has the potential to become an “airport city” or “aerotropolis,” with a selfsustaining economy, the report said. The coming growth surrounding Saskatoon’s airport is being foreshadowed by the development of the Aerogreen Business Park – the office and hotel development in the space adjacent to theairport once occupied by McNab Park, the former military barracks. The major recommendation in the report is to relax zoning requirements in suburban or big-box-centre areas. The current control

zoning is restricting growth as major U.S. retailers and restaurants look to Canada for expansion, the report suggested. Saskatoon’s city centre should be protected and be a top priority for office and residential infill, particularly the area surrounding the 25th Street extension in the north downtown, according to the report. Mayor Don Atchison suggested the city install minimum building heights to restrict low-rise developments in the core downtown, ensuring the city centre is built up. The growth prediction of 1.8 per cent is “conservative,” Atchison added. According to the Conference Board of Canada, Saskatoon will lead all Canadian cities in economic growth this year, at 4.2 per cent. Last year, Saskatchewan’s largest city was rated as the third-fastest growing in population in Canada, according to Census Canada. The city already also has the lowest unemployment rate in the country, and that is expected to fall to 4.4 per cent this year.

White Spot moves into Saskatoon

F

or the first time, B.C.’s home-grown White Spot restaurant chain is plannning an expansion to Sastchewan. Company CEO Warren Erhart said that White Spot hopes to meet with potential franchisors in both Regina and Saskatoon so as not to have “one orphan” alone in the province. White Spot has 63 restaurants in B.C. and five in Alberta.

Commercial boom still building

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askatchewan’s commercial real estate boom is just starting to build and will transform the capital city as it roars across the province, according to forecasts from Collliers Canada. Downtown Regina will see its skyline transformed over the next few years, Colliers says, as new office space is completed. Projects include buildings on 11th Avenue,

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HP Billiton is building an instant town for more than 2,500 workers near its Jansen potash mine site, 100 kilometres north of Regina. When compared with some northern cities, the new town will provide services older centres still strive for like high-speed broadband and a Atco rendering suggests design of new mining commovie theatre. munity planned 100 kilometres north of Regina. Work is already underway on the temporary work camp that represents the largest Canadian community ever supplied by Calgary-based Atco, which has provided housing for the Alberta oilpatch and other projects. Atco is working with the Gordon First Nation and two other native bands on the project, which will feature two-storey modular homes, a dining hall and a recreation centre. First Nation members will be given job training and priority hiring, according to both Atco and BHP Billiton. The Atco community features high-end amenities including pre-engineered buildings, including a 20,000-square-foot sports complex with gymnasium, squash courts, weight room and a raised running track that overlooks the gym. A second building will house a 200-seat movie theatre. The core building includes a 1,200-person dining room, a separate private dining area, lounge, library, convenience store, medical centre and full laundry. Each suite will include a flat-screen TV, phone and wireless Internet capabilities. The first phase, comprising 500 rooms, will be operational in October 2012 with completion of the full 2,586-room camp and facilities scheduled for mid-2013, according to Atco. Chris Ryder, a spokesman for BHP Billiton, said the community is another sign that the $12 billion “world class” Jansen mine is moving forward. “The camp is a very good sign; the fact that we’ve sunk two shafts almost 30 metres so far is also a very good sign,” he said. Photo: Atco

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12th Street, Elphinstone and Dewdney and a 437,000-square-foot tower on the corner of Rose Street and 12th Avenue. Colliers cited other signs of the province’s commercial real estate action: s 2EGINA HAS SO LITTLE SERVICED INDUSTRIAL and commercial land available, some companies are looking for sites in the nearby rural municipalities of Sherwood and Edenwold; s 3ASKATCHEWAN DEVELOPERS TRADITIONAL aversion to constructing buildings “on spec” is finally easing in the face of heavy demand and rising prices. Recently, Western Investor labelled Regina developers as “gutless” for failing to build on spec in the face of unprec-

edented demand for all types of commercial real estate; and s RETAIL SPACE IS ALSO IN SHORT SUPPLY WITH future expansion targeted to the Grasslands plus the new area east of Pasqua Street between Rochdale Boulevard and Highway 11. Behind the retail boom is a healthy provincial economy that saw 7.3 per cent growth in retail sales in Regina last year, with about the same rate expected in 2012. Tom McClocklin, Colliers’ Saskatchewan president, said Regina led the country with an estimated 5.3 per cent economic growth rate last year, trailed closely by Saskatoon, and a similar pattern is expected this year.◆

B24 Saskatchewan FOR SALE FURNITURE STORE BUSINESS & LAND Maple Creek, SK

www.westerninvestor.com APRIL 2012WESTERN INVESTOR

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Furniture store, established, proďŹ table, 11 years in business. Fantastic reputation. Located in Historic building.

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Each office is independently owned and operated.

GRAIN LAND INVESTMENT OPPORTUNITIES 25% DOWN BALANCE MORTGAGE (OAC)

Call today for your opportunity

Petrofka Bridge Orchard MLSÂŽ 410521 $849,900 Beautiful acreage / progressive apple orchard 35 acres located on the North Saskatchewan River 55 kms north of Saskatoon. 1664 Sq Ft Bungalow, processing building, walk-in freezer.

Sterling Land MLSÂŽ 417758 $899,000 Excellent potential for development only 5 kms Ed Bobiash East of Saskatoon. Adjacent to land recently Farm & Acreage Specialist 306-222-7770 s ed@edbobiash.com approved for multi parcel development. www.SaskLand4Sale.com Development subject to RM approval. RE/MAX Saskatoon

Farm & Acreages Specialist - Call for info www.SaskLand4Sale.com

970 Central Avenue North Prince Albert, Saskatchewan s - (EAVY )NDUSTRIAL :ONING s !CRES s /NLY (EAVY )NDUSTRIAL 3ITE IN #ITY s 3ITE LEVELLED READY FOR DEVELOPMENT s 'AS %LECTRICAL 7ATER 4ELEPHONE ADJACENT s !DJACENT TO RAILWAY SPUR LINE List Price $1,100,000 MLS

David Harradence

1135 Central Avenue Prince Albert, Saskatchewan s SQ FT 4WO 3TOREY "UILDING s %LEVATOR AND 3TAIRWELL s &INANCIAL )NSTITUTION FINISHING THROUGHOUT s #ORNER ,OCATION s /FFICES IN TOTAL s &ULLY DEVELOPED BASEMENT List Price $749,900 MLS

Attention

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Agents:

REACH QUALIFIED BUYERS FOR YOUR LISTINGS

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

25 – 11th Street East Prince Albert, Saskatchewan s SQ FT TWO STOREY BUILDING s &IRST CLASS LAYOUT IMPROVEMENTS s 3UITABLE FOR SINGLE OR MULTIPLE USERS s ON SITE 0ARKING 3TALLS s #ONSTRUCTED IN RENOVATED List Price $749,900 MLS

FOR FURTHER DETAILS ON THESE PROPERTIES CONTACT: Office 306.763.6481 Cell 306.961.6876 Email dharradence@remax.net

3050 2nd Avenue West Prince Albert, Saskatchewan s &ORMER "LOCKBUSTER LOCATION FOR ,EASE s 3Q &T s 0RIME ND !VENUE 7EST LOCATION s ON SITE PARKING STALLS s #ONSTRUCTED Contact David for further lease details

P.A. Realty 306.763.1133

Each office is independently owned and operated.

B25

WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

SPOTLIGHT Sophisticated aerial technology uncovers promising high-grade copper body near Flin Flon

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WESTERN INVESTOR ick Mark, CEO of junior mining company VMS Ventures, is confident his firm’s cutting-edge VTEM technology – which measures the electromagnetic properties of surface rocks from helicopter aerial surveys – has discovered “many millions of dollars” worth of copper and other metals in the Reed Deposit near the northwestern Manitoba town of Flin Flon.

Population 5,900 Trading area pop. 25,000 Average house price $125,000 Potential New copper mine

High readings from VTEM-equipped helicopters indicate the potential for “significant sulphide bodies (conductors) and that’s a very good sign that base metal mineralization can be found,” he said. “We couldn’t have asked for anything more; the high-grade Reed Copper deposit is 100 metres from the highway and it starts 20 metres from the surface,” Mark added. VMS is currently drilling holes to back up its initial findings and determine the potential for a new mine. This type of technology didn’t exist just a few years ago, but VMS’s projections indicate

Photo: HudBay Minerals

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HudBay Minerals is Flin Flon’s major employer.

there could be as much as a quarter-billiondollars’ worth of metal to be mined in the belt. And considering the world demand for copper – thanks mainly to China and India – the findings could lead to some significant investment in Flin Flon, he said. This optimism is shared by Mark Kolt, municipal administrator in the town of 5,250. He said the more mining companies, both big and small, that commit to drilling more exploration holes, the better off Flin Flon will be. “We haven’t grown as quickly as we would

have liked. We do see the world beginning to take small steps out of the economic doldrums,” Kolt said. “On the whole, communities like Flin Flon remain relatively well positioned going into the future.” HudBay Minerals Inc. is still the major employer in the area, and mining is at the heart of Flin Flon’s employment. Some steps have been taken to diversify Flin Flon’s economy over the years. The arrival of a few big-box stores a decade ago –Wal-Mart arrived in 2002 and was followed a year later by Canadian Tire – helped the town become a shopping destination for a trading area of about 25,000. “Retail is the biggest thing that could be pointed to over the past 10 years [for growth in the town]. The big change is, instead of having to leave the region to shop, a lot more shopping is done in town now,” he said.

There is one negative development on the retail side: the recent closing of the Loblaw’s Extra Foods store. A “for sale” sign has not been erected and the company continues to pay taxes on the property, leading many to wonder what’s in store for the former store. If the mining industry takes off as hoped, an already tight housing market will get even tighter. Cheryl Hordal, a broker at Nordmark Realty, said there aren’t enough homes to go around in Flin Flon to begin with. “When times are good, people come here and everybody wants a home. There doesn’t seem to be enough of the $200,000-plus homes.” There are three categories of housing in Flin Flon, Hordal said – starter, mid-range and upper end. A typical starter home costs less than $100,000. A mid-range property will fetch between $100,000 and $150,000 for 1,200 square feet while the top-end homes will run between $200,000 and $235,000 for about 1,300 square feet that includes three bedrooms. Prices have remained relatively static over the past year, but that could change fast i f Ventures’ readings prove accurate, local realtors suggest. ◆

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SASKATCHEWAN RECREATION DEVELOPMENT FOR SALE $525,000 10.99 Acre Recreation Sub division on the north shore of Clearwater Lake north east of Kyle Saskatchewan, one hour North of Swift Current and 25 min to Sask landing. Currently set up for 14 lots, . Excellent opportunity to own the best lot, complete and sell the rest. Parcel #1 consists of 4 lots just across the road from boat launch. Parcel 2 is 8 good sized lots and two acreages over looking the lake. The acreages are the highest level and are just over 1.8 Acres each. Clearwater lake is family orientated and offers boating, swimming, camping, mini golf, nine hole sand green golf course, tennis court, beverage room and licensed dining room. Build your dream cottage here!! The sub division requires roads to be completed as well as installation of power and street lights. Owner has quotes on completing these two steps. Remember these are deeded lots!!

Call

BIll Larocque

306-463-1766 wlarocque@royallepage.ca

INVESTMENT OPPORTUNITY 340 Main Street, Foam Lake, SK Building Size: 9,315 VT IW DERYH JUDGH Land Size: ±12,000 sq.ft. SOXV ±11,400 sq.ft. YDFDQW ODQG

Sale Price: $635,000 Contact: Corey Peterson

ICR Commercial Real Estate icrsaskatoon.com ME

NT

Demaine Hotel is located in central Saskatchewan close to Lake Diefenbaker. Business revenue lines include: 36 seat full service restaurant, self-cook steak pit, takeout pizza, two large suites, licenced beverage room (96), and VLTs. This establishment has a very loyal cliental and reliable seasonal traffic generating phenomenal returns. Asking $399,900. Exclusive! http://Demaine.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, and 64 seat meeting/lounge area. Building and equipment in excellent condition with many new upgrades. $339,000 MLS 409520 Call Guy Shepherd at 306-434-8857. http://BowlingAlley.TimHammond.ca

1238 Lorne Street, Regina, SK

Dreaming of owning your own Franchise Restaurant? This is the chance of a lifetime! Make your dream come true with the Humpty’s Family Restaurant Group. This restaurant seats about 78 people and gives off an aura of cozeiness, familiarity, and comfort. Reputable business with experienced staff and loyal clientele. Price includes all equipment, fixtures, Franchise fee, lease to operate & small wares. Sales in excess of $800,000 Give me a call today for more information.

INVESTMENT OPPORTUNITY 1710 4th Avenue, Humboldt, SK Building Size: 27,812 sq. ft. Land Size: 12.2 acres *UHDW IRU DQ\ VFDOH VL]H PDQXIDFWXULQJ Sale Price: $750,000 Call: Ken Kreutzwieser

306.948.5052 (Office) 306.948.9168 (Cellular) Tim.Hammond@sasktel.net

RETAIL/INDUSTRIAL SPACE FOR LEASE

RESTAURANT FRANCHISE $225,000

Wheat Counry Realty #1 West Rd., Kindersley, SK

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

New 12,110 sf industrial building centrally located in trendy “Old Warehouse District.” Can accommodate up to six tenants with minimum 2,000 sf. All units offer grade level overhead loading door. FOR MORE INFORMATION CONTACT:

Jeff Sackville or Joe Trudelle

(306) 359-9799

INVESTMENT OPPORTUNITY 390 Longman Crescent, Regina, SK Building Size: 10,000 sq. ft. Land Size: 2.44 acres 2IÀFH ZDUHKRXVH FORVH WR &R RS 8SJUDGHU Sale Price: $1,600,000 Contact: Ken Kreutzwieser

www.avisonyoung.com

FOR SALE/LEASE - GREAT LOCATION 715 1st Avenue West, Meadow Lake, SK Building Size: 9,100 sq.ft. Sale Price: $546,000 Lease Rate: $12.00 PSF 2FFXSDQF\ &RVWV 36) HVWLPDWHG

Contact: Davin Heiser or Eugene Hritzuk

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“Saskatchewan’s largest commercial real estate company”

B26 Manitoba/Franchises

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Wagon Wheel’s time running out

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innipeg’s favourite clubhouse sandwich is on the endangered species list. The Wagon Wheel Lunch restaurant, which had been ordered to vacate its longtime home in the Norlyn Building in downtown Winnipeg by the end of March, has been given an extra three months until it has to leave. he Winnipeg Real Estate Forum, held The Norlyn is one of several buildings April 18 at the Convention Centre, will set for demolition as part of downtown welcome the elite of Manitoba’s real estate community to look at where the city is now Winnipeg’s SHED (sports, hospitality and and where it is heading. The forum is spon- entertainment district) plans. Franny Gomez, who runs the culinary sored, in part, by Western Investor. institution, said she still doesn’t know if Winnipeg is in the midst of a real estate she’ll be able to find another location that upheavel, the conference will likely hear, as will still be economical. Real estate values in the city begins the most significant downdowntown Winnipeg have been on a sharp town overhaul in history. rise since last May’s announcement that the Dubbed the sports, hospitality and enterWinnipeg Jets were being reborn. tainment district (or SHED), this five-year “If I can’t afford it, it’s not fun. I don’t plan to spend upward of $600 million is want to go overboard,� she said. poised to revitalize an 11-block area that Ross McGowan, president and CEO of includes the MTS Centre, home of the CentreVenture Development Corp., the Winnpeg Jets, the Convention Centre and downtown agency spearheading the SHED, the Metropolitan and Burton Cummings said his agency will do whatever it can – theatres. Shortly after a pair of buildings on Portage including giving Gomez a break on rent – if it Avenue across from the MTS Centre are demol- will mean the Wagon Wheel will live on. ished, construction will begin on a multi-use facility featuring five storeys of retail and office space, topped by a 14-storey hotel with 154 rooms. At the forum, Lloyd Axworthy, president of the University of Winnipeg, will present a keynote address on “the remaking of n case Winnipeggers had forgotten the Winnipeg’s downtown.� roots of the Chipman empire, the city’s Of course, the completion of Manitoba favourite family gave them a quick remindHydro’s new 700,000-square-foot downtown er last month. The Chipmans, of course, are office tower has forever altered the city’s sky- local heroes for bringing the Winnipeg Jets line and its normally quiet office market. back to an appreciative city. Wayne Salto, vice-president of Cushman The Birchwood Automotive Group, the Wakefield will lead a forum office-sector largest dealership conglomerate in Winnipeg, panel that will include both developers and bought Bob Kozminski’s Keystone Ford, one real estate professionals. of the best-known vehicle retailers in town, for Other panels will cover the retail sector, real an undisclosed sum. estate investment, land development, comThe move gives Chipman-owned Birchwood mercial banking and overall opportunities. 11 standalone dealerships but its first Ford banTo register for the Winnipeg Real Estate ner. Steve Chipman, CEO of Birchwood, said Forum, which sold out its last show in 2010, he’s not done, either. see the forum web page at www.realestate “We’d like to have 15 dealerships by 2015. forum.com. We’re in growth mode. We’ve always been pretty

Winnipeg Real Estate Forum on

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Chipmans buy Ford dealership

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BRANDON, MANITOBA INVESTMENT: SINGLE TENANT LONG TERM LEASE. 10,560 SF. PRICE $1,150,000 8% CAP GROCERY STORE: OWNER WANTS IT SOLD DUE TO ILL HEALTH, SALES $900,000 PRICE REDUCED TO $200,000 MOTELS: CLOSE TO WINNIPEG, MB. SEVERAL TO CHOOSE FROM, CALL NOW FOR MORE DETAILS MOTELS: 2 FLAG MOTELS ON TRANS CANADA HIGHWAY, PRICED TO SELL, CALL NOW “WE HAVE RESTAURANTS, GAS STATIONS, GROCERY STORES, INVESTMENT PROPERTIES, FOR SALE AND IF WE DO NOT HAVE IT WE WILL FIND IT.�

Century-21 Westman.com Brandon, MB

Direct Line: 204-729-5074

Email:

mmelnyk@mts.net

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ix years after selling Winnipegbased Krave’s Candy, Chris Emery and Larry Finnson have re-entered the ultra-competitive confectionary market. Their first offering – milk-and-darkchocolate-graham clusters mixed with diced almonds and crunchy toffee bits – is called OMG’s. The high-energy duo first appeared on the scene after taking a favourite recipe belonging to Emery’s grandmother and commercializing it into Clodhoppers. The Chris Emery and Larry Frinnson of OMG. fudge-covered graham wafer clusters were sold in big-box stores throughout Canada and the U.S. This time around, the two put on aprons themselves and experimented with various ingredients until they felt they struck gold. OMG’s have been available inShoppers Drug Mart and Loblaws locations since early March. Finnson said the name OMG’s is derived from the long-form reaction that most people had when they put the candy in their mouths. He and his business partner assumed that the acronym commonly used by texters for “Oh my God� or “Oh my goodness� would have been patented long ago. “We couldn’t believe it was available. How many people text that in a day?� he said. Emery and Finnson were astounded to find out “LOL� was also available, and bought the rights to that name, too. Photo: OMG

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www.westerninvestor.com APRIL 2012WESTERN INVESTOR

loyal to the Winnipeg market. We enjoy the city and what it brings to us and we’ve always believed we should invest in our own city,� he said. Chipman’s brother, Mark, is co-owner of the Winnipeg Jets. The deal also includes Kozminski and his son, Matthew, buying a 50 per cent stake in Birchwood’s Jaguar Land Rover Volvo location. After four decades in the automotive business, Kozminski said it was time to finally retire. (He won’t be active in the Jaguar dealership. Matthew Kozminski has already been appointed general manager and will buy out his parents’ share by 2017.) The elder Kozminski said he knew he had to step back when he was looking ahead to the just-completed winter, a time when he usually flies south for a holiday. A moment on a sunny beach may have played a cruical role. “I decided I didn’t want to come back. I wanted to stay in Florida. That tells you it’s time to sell,� he said.

marketing your franchise?

Steinbach now ranked No. 3

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he cries of “We’re No. 3� could be heard around Manitoba as details of the latest census were released. Steinbach vaulted past both Thompson and Portage la Prairie to take a firm grip on the third-biggest city in the province with a population of 13,524, a more than 22 per cent gain since the previous census five years ago. Much of the credit for Steinbach’s population boom in the southeast part of Manitoba goes to the Provincial Nominee Program, an initiative that facilitates immigration from other countries to the province. The new residents, surveys show, have come from as far away as Germany, Russia and the Philippines.◆ – Compiled by Geoff Kirbyson

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1-800-661-6988 (604) 669-8500 westerninvestor.com

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FOR SALE UĂŠ7ÂˆĂŒÂ…ÂˆÂ˜ĂŠĂŽäĂŠÂ“ÂˆÂ˜ĂƒĂŠÂœvĂŠ7ÂˆÂ˜Â˜ÂˆÂŤi} UĂŠĂŠ1ÂŤĂŠĂŒÂœĂŠĂ“Ă‡äĂŠ>VĂ€iĂƒĂŠvÂœĂ€ĂŠvĂ•ĂŒĂ•Ă€iĂŠ`iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒ UĂŠĂŠĂŠ£äĂŠ iÂ?Ă•Ă?iĂŠV>LÂˆÂ˜ĂƒĂŠvi>ĂŒĂ•Ă€ÂˆÂ˜}ĂŠÂ?>VĂ•ââÂˆÂżĂƒ]ĂŠ …œ“iĂŠĂŒÂ…i>ĂŒiĂ€ĂŠĂƒĂžĂƒĂŒiÂ“Ăƒ]ĂŠvĂ•Â?Â?ÞÊiÂľĂ•ÂˆÂŤÂŤi`ĂŠ “œ`iĂ€Â˜ĂŠÂŽÂˆĂŒVÂ…iÂ˜Ăƒ]ĂŠĂƒĂ•Â˜Â‡Ă€ÂœÂœÂ“ĂƒĂŠEĂŠÂ“ÂœĂ€i PAT STECY

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204-477-0500

CONTACT ROBERT SKINNER: DARYL FRIESEN

1601 Buffalo Place, Winnipeg MB

robert@cap-it.com Visit www.cap-it.com

Franchises B27

WESTERN INVESTOR APRIL 2012 www.westerninvestor.com

Tim wins $2B franchise battle

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Photo: Tim Hortons

im Hortons has won a major legal battle against franchise owners, now that a judge has tossed out a proposed $2 billion classaction lawsuit over the price of doughnuts. Tim Hortons franchiTim Hortons: all sees benefit from an about the coffee, iconic national brand, judge rules. and with such high profits from coffee sales, they should accept lower margins on food, according to the decision by Justice George Strathy of Ontario Superior Court. In his ruling, Strathy wrote the mainstay of the Tim Hortons business is coffee, not doughnuts. “The fact of the matter is that under the Tim Hortons system, the franchisees are given the licence to sell Tim Hortons-trademarked coffee: a brand that is about as iconic as there is in Canada,� the judge wrote. “What matters, at the end of the day, is whether the franchisee makes sufficient profit overall to justify his or her investment and to remain in the business. The suggestion by the plaintiffs that [Tim Hortons] has an obligation to price every menu item so that they can make a profit on that particular item is not supported by the contract, by the law or by common sense.� At the heart of the case, which began in 2008, is what the judge describes as the “Always Fresh Conversion,� a shift from fresh baking in each store to a system of industrial par baking and flash freezing at a centralized plant in Brantford followed by reheating in specially designed ovens. In siding with Tim Hortons and tossing out

the lawsuit, the judge observed that if par baking had not been introduced, the cost of baking from scratch would have increased to something like 30 cents per doughnut today. “There is one aspect of the Tim Hortons franchise that the plaintiffs don’t complain about: coffee,� Strathy wrote. “Coffee is what Tim Hortons has been about since the very first day. It remains so today. Tim Hortons owns the coffee brand. It owns the trademark. The franchisee acquires the right to use the trademark.� The plaintiffs may still appeal the ruling.

De Dutch Pannekoek Alberta bound

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urrey, B.C.-based De Dutch Pannekoek House Restaurants Inc. is opening its first location in Edmonton this summer. President and founder Bill Waring said the Edmonton franchisee plans to open additional locations and the company is also looking to open in Toronto, as well as a corporate restaurant at the Vancouver Convention Centre. Founded in 1975, De Dutch Pannekoek House currently has 21 locations throughout British Columbia, 17 of which are franchised. De Dutch Pannekoek House franchises cost between $350,000 and $400,000 with a 5 per cent royalty fee and 3 per cent advertising fee.

Gardener plants into South Surrey

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andscape maintenance franchise The Gardener Inc. has planted a new franchise territory in South Surrey-White Rock,

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orth Vancouver-based A&W Food Services of Canada Inc. has been named among the 50 best-managed companies in Canada this year by Deloitte, an honour A&W has held since 2002. But, according to A&W CEO Paul Hollands, it is right back to business. “ We have aggressive expansion plans for the coming year, with the target of opening over 30 new restaurants on our base of 750,� Hollands said in an email exchange with Western Investor. He said the iconic restaurant chain is opening “urban locations. Examples of this in Vancouver would be our relatively new locations on Robson Street, Alberni Street and at Waterfront Paul Hollands, CEO of A&W: aggressive Station.� All of A&W’s outlets are in Canada, and Hollands estimates expansion plans. the franchise company has between 15,000 and 18,000 employees across the country. “We have over 170 restaurants in B.C. alone, and in total they employ between three and four thousand people,� he said. Hollands noted that the impressive productivity of A&W speaks to the honour of being named among the best-managed companies. “A&W has grown total system sales every year for 20 consecutive years and has posted nine straight years of same-store sales growth,� he said. The cost of an A&W franchise begins with a $55,000 franchise fee, but the total investment can range from $900,000 to $1.2 million per restaurant. Photo: A&W Food Services of Canada Inc.

News, views and updates on Canada’s franchise industry

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British Columbia. New owner and veteran gardener Corey Ferguson opened for business this spring. “We are excited to add such a strong franchise owner and market to our company,� said David Jones, vice-president of The Gardener, which first opened in Ontario in the mid1980s and has been franchising since 1994. The latest territory is the 40th in Canada and the second in B.C.’s Lower Mainland. Jones says the company is looking to further expand into Western Canada, with plans to add more locations in B.C. and the Prairie provinces. The Gardener provides landscape maintenance services for both residential and commercial clients throughout the year. “The Gardener is positioned to take advantage of an aging Canadian population that wants to stay in their homes,� Jones said. “Coupled with more middle-aged people with young families, The Gardener has a strong future.� The Gardener franchises cost between $40,000 and $45,000, including equipment.

Fabulous Furballs scores in Den

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rista Castellarin, founder and CEO of Edmonton-based luxury pet store and spa Fabulous Furballs, appeared with her husband and a franchisee on a recent episode of CBC’s Dragons’ Den, where she secured a $200,000 loan from “Dragon� Bruce Croxon in exchange for a 10 per cent stake in the company. Casterllarin said she will use the money to build the Fabulous Furballs team and infrastructure so she can expand the franchise across Canada. Her goal is to have 50 locations within five years. The company is looking first at expanding into Vancouver. Famous Furballs does not currently have details on franchise costs, but will post information soon on its website.◆ – Compiled by Kevan O’Brien

Own Your Own Country Existing Franchise Available – Surrey, 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 DQÂŽ, a Berkshire Hathaway Company, enables you to enjoy the benefits of a well-established family of concepts such as: UĂŠĂˆä³ĂŠĂži>Ă€ĂƒĂŠÂœvĂŠvĂ€>˜VÂ…ÂˆĂƒÂˆÂ˜}ĂŠiĂ?ÂŤiĂ€Âˆi˜Vi UĂŠ-ĂŒĂ€ÂœÂ˜}ĂŠLĂ€>˜`ĂŠĂ€iVÂœ}Â˜ÂˆĂŒÂˆÂœÂ˜ UĂŠ-Ă•LĂƒĂŒ>Â˜ĂŒÂˆ>Â?ĂŠÂŤĂ•Ă€VÂ…>ĂƒÂˆÂ˜}ĂŠĂƒĂŒĂ€i˜}ĂŒÂ…ĂŠ>˜`ĂŠ>`Ă›iĂ€ĂŒÂˆĂƒÂˆÂ˜}ĂŠÂŤÂœĂœiĂ€ UĂŠ Ă?ViÂŤĂŒÂˆÂœÂ˜>Â?ĂŠvĂ€>˜VÂ…ÂˆĂƒiĂŠĂƒĂ•ÂŤÂŤÂœĂ€ĂŒĂŠĂƒiĂ€Ă›ÂˆViĂƒ

Gordon Beattie, President (604) 583-2919 local 222 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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www.westerninvestor.com APRIL 2012 WESTERN INVESTOR

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