Western Investor December 2011 Section A

Page 1

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

SELF-STORAGE FACILITIES – FOR SALE Penticton, BC

s UNITS PARKING s SF RENTABLE s ACRES n TITLES s %XPANSION $EV 0OTENTIAL s BEDROOM APARTMENT ON SITE s %XISTING MANAGEMENT IN PLACE

s UNITS PARKING s SF RENTABLE s !CRES s #OMMERCIAL #OMPONENT s "EDROOM !PARTMENT ON SITE s %XISTING MANAGEMENT IN PLACE

s Asking $3,550,000

s Asking $2,850,000

WE ARE YOUR SELF-STORAGE EXPERTS

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

s 5P TO !CRES 4OTAL s /WNER WILL SUBDIVIDE TO SUIT s /FFERED AS :ONED AND 3ERVICED s 4RUCK 3TOP )NDUSTRIAL #OMMERCIAL s !CCESS ON TO AND OFF OF (WY s &ULL (IGHWAY &RONTAGE s Asking: Contact LIsting Broker KEN KIERS 604-534-7974 1-800-890-9855 kiers@naicommercial.ca

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

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

HALF ACRE SERVICE COMMERCIAL LOT s Close to Wal-Mart. Only $159K

SPLIT ZONING 11.4 ACRES DEV. LAND ADJACENT TO WAL-MART & HWY 5

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

s )DEAL FOR HOME IMPROVEMENT STORE SHOPPING 3 LIGHT INDUSTRIAL LOTS CENTRE MOTEL 26 0ARK 3TORAGE s ACRES EACH Amazing price $69,900 ea. s .OW ONLY $3.49 Mil K AC

or 1-800-890-9855 CHRIS LANGHAUG 604-534-7974 langhaug@naicommercial.ca

Auto / RV Sales Site

INDUSTRIAL FREE STANDING BLDG. 5349-273A STREET

$4.29 DECEMBER 2011 Vol. 26/Issue 12

8 HOME SALES HOT INTO 2012

Metro average house price to crack $1.1M Developer Ron Toigo: flight to suburbs as buyers seek value in high-flying Metro Vancouver housing market

11 SKI RESORTS SLASH PRICES

MERRITT, BC OPPORTUNITIES REDUCED $500K. PRICED TO SELL!

VANCOUVER • LOWER MAINLAND • VANCOUVER ISLAND SECTION

â–²

Vernon, BC

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

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

ALFRED LEUNG 604-534-7974 CHRIS LANGHAUG

2.24 ACRES FOR DEVELOPMENT COMMERCIAL/RESIDENTIAL LANGLEY, BC $2,450,000

High inventory, HST create slippery slope for new condo developers 19 IMMIGRANT HOME BUYERS

Don’t let lowball offers, cultural miscues derail your Vancouver sale SPECIAL SECTION • B12

HOT PROPERTIES

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

200th Street

s ,ANGLEY "Y PASS TO ACRES WITH 15,000 ft buildings s 4RAILER PARK 0RINCE 'EORGE "# - $1.9 million s 7AREHOUSE 0ORT +ELLS LEASE TO 50,000 sq. ft. Call s .EW FRANCHISE OPERATIONS FOR 2ESTAURANT and Retail Stores Merritt BC

GLEN LAMBERT 604-999-3707

Subject Property

s s s s s s

SQ FT 7AREHOUSE /FlCE !CRES 0AVED LOT &INISHED OFlCE WITH MEZZANINE (EAVY 0OWER &ENCED AND SECURE YARD %XTRA 9ARD AREA n 2ARE $2,415,000.00

DON MACDONALD, CCIM

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

Highway #1 Interchange

s 0RIME CORNER SOUTH OF (IGHWAY ON TH 3TREET s &UTURE INVESTMENT OPPORTUNITY IN AN ACTIVE DEVELOPMENT AREA s /PTION TO PURCHASE ADDITIONAL PARCELS TOTALING ACRES

GARY NIESNER DON MACDONALD 604-534-7974 or 1-800-890-9855

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

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

WASHINGTON INVESTORS!

s "IG "OX /PPORTUNITY ACRES 3MOKEY 0OINT ZONED COMM SF MIL s (ANGARS "ELLINGHAM )NT L !IRPORT LEASES IN PLACE FOR TWO s 3EMIAHMOO 'OLF #OURSE ,UXURY #ORPORATE 2ETREAT SF MIL s ,YNDEN BUILDER LOTS FOR LOW LUMP SUM

#ALL *EFF OR -IKE s WWW COPACREALESTATE COM

A2 Lower Mainland CORNER I-1 PROPERTIES EAST 6TH & ONTARIO, VANCOUVER, BC

t 4JUF TG t )PMEJOH *ODPNF t $PSOFS t "EKBDFOU 1SPQFSUZ

CANADA`S BEST VALUE WESTWARD INN

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www.westerninvestor.com DECEMBER 2011WESTERN INVESTOR

MIXED USE DEVELOPMENT

YALETOWN QUALITY OFFICES PLUS WAREHOUSE

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RICK EASTMAN* KEVIN VOLZ

ERIC WALKER GREG MILES

DON DUNCAN*

ERIC WALKER

FOR SALE - 61 ROOM HOTEL WITH RESTAURANT

STRATA UNITS FOR SALE HARBOURSIDE LANDING

FOR SALE - RETAIL STRATA

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CHRIS DRIVER*/ BRETT AURA DON DUNCAN*

FOR SALE-FREESTANDING STRATA BUILDING

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CRAIG HAZIZA***

GROCERY ANCHORED SHOPPING CENTRE

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DAVID CANNING BRAD NEWMAN-BENNETT

MERRITT JUNCTION t 4UBSCVDLT 4VCXBZ -JRVPS 4UPSF t /0* BOE JODSFBTFT t

ERIC WALKER

DEVELOPMENT OPPORTUNITY WITH INCOME

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

ADAM FRIZZELL CRAIG HAZIZA

BILL RANDALL*

FOR SALE - CLOVERDALE MEDICAL BUILDING

86.85 ACRE DEVELOPMENT SITE NOT IN ALR

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FOR SALE - 88 CREEKSIDE ROAD, ROSSLAND, BC

t BDSF NVMUJGBNJMZ TJUF t $MPTF UP UIF CBTF PG 3FE .PVOUBJO t #FBVUJGVM WJFX MPUT t "TLJOH

BILL RANDALL*

KERRISDALE RETAIL/ RESIDENTIAL BUILDING

t 8FTU #PVMFWBSE 7BODPVWFS t /FX DPOTUSVDUJPO t TRVBSF GPPU SFUBJM SFTJEFOUJBM TVJUT t

CRAIG HAZIZA***

IDEAL FOR OWNER-USER OR MANNING PARK RESORT & SKI INVESTMENT OPPORTUNITY INVESTOR CENTRE

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TYLER PRIDHAM CRAIG HAZIZA*

BURTON VAN ALSTINE* ROBERT STOKES

BILL RANDALL*

BURTON VAN ALSTINE* HUDGE PARMAR*

FOR SALE DOWNTOWN STRATA UNIT

MULTIFAMILY DEVELOPMENT SITE

RETAIL STRIP CENTRE PENTICTON

4 SUITE RESIDENTIAL MULTIFAMILY OPPORTUNITY

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

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TYLER PRIDHAM

BILL RANDALL* NOAH FREEDMAN

CHRIS NEWTON

DON DUNCAN* CHRIS DRIVER*

SMALL FREESTANDING INDUSTRIAL BUILDING METROTOWN

WOOD LAKE DEVELOPMENT SITE

BURNABY MOTEL/ DEVELOPMENT SITE

MERRITT APARTMENT BUILDING

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RICK EASTMAN*

MARK GALLAGHER HUDGE PARMAR*

FOR SALE - 32860 MISSION SUCCESSFUL PIZZA BUSINESS WAY, MISSION, BC FOR SALE

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BRETT AURA

DAG MEYER

ZENITH APARTMENTS

INN ON THE WATER, SQUAMISH

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BRAD NEWMAN-BENNETT SCOTT MACPHERSON

HUDGE PARMAR* MARK GALLAGHER

BILL RANDALL*

BRAD NEWMAN-BENNETT

DON DUNCAN*/CHRIS DRIVER* BRETT AURA

DAG MEYER

RETAIL SHOPPING CENTRE INVESTMENT OPPORTUNITY

FOR SALE INDUSTRIAL COMPLEX

FOR SALE - WILLOW CALE ROAD, PRINCE GEORGE, BC

FOR SALE 16113 20TH AVENUE SURREY, BC

FOR SALE - MIXED USE FULLY TENANTED BUILDING ON COMMERCIAL DRIVE

FOR SALE - EIGHT STRATA LOTS

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BILL RANDALL*

BILL RANDALL*

BOE IRAVANI MARK TREPP

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

HUDGE PARMAR*

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BILL RANDALL*

Moving with confidence

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

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

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

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CRAIG HAZIZA***

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

41&$*"- 4&$5*0/ Â… #

HOT PROPERTIES

FEATURES 8 0/ 5)& $07&3 3FTJEFOUJBM PVUMPPL GPS

On the cover Developer Ron Toigo sees flight to quality suburban housing as Vancouver prices poised for another big increase. Photo: Richard Lam

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

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

Suburbs may define action as city house prices soar again

11 4LJ SFTPSU WFOEPST GFBS B TMJQQFSZ TMPQF

Condo buyers may find deal of a lifetime this season

15 $IJMMJXBDL MPWFE CZ EFWFMPQFST IPNF CVZFST

2–18 -08&3 ."*/-"/% 3&"- &45"5&

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

10 4&37*$&4 18 4&" 50 4,: 46/4)*/& $0"45 3&(*0/

NAIOP likes reduced fees; house hunters drawn by low prices Download a PDF of all our Regional Roundups online at www.westerninvestor.com

COLUMNS

19–23 7"/$067&3 *4-"/% 3&"- &45"5&

6 8&45&3/ 1&341&$5*7& 19 *..*(3"/5 */7&45034 -08#"-- 0''&34 23 %0/& %&"-4

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

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

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

FOR SALE IN TIME FOR CHRISTMAS Corporate Hangars at Bellingham International Airport (KBLI). - $975,000 consists of two hangars (A1 & A2) plus single hangar priced at $355,650. - Hangars at KBLI are limited. The single hangar lease expires December 2011. - Many amenities included in these condo hangars. - Sellers will consider package deal for all three hangars.

For more information, call our office.

RON BENNETT COMMERCIAL REAL ESTATE Ron Bennett

SUTTON GROUP WEST COAST REALTY

(USN Ret.)

CALL

/ Owner - Broker

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

Don Munro

ACREAGES

ACREAGES

CHILLIWACK 7640 Nixon Road

LANGLEY 889 Lefeuvre Road

s !CRES s LOG HOME LARGE SHOP s 0RIVATE LOCATION

s !CRES s ,ARGE -USHROOM &ARM s 3HOP #OMPOSTING &ACILITY s 'ROWING "ARN -ULTI 5SE "UILDING

51140 Ruddock Road s !CRES s 0OTENTIAL FOR ,OTS

700 Columbia Valley Road s !CRES s 0RIME &ARM ,AND s "UILD YOUR DREAM HOME HERE )OW DO YOU KNOW THAT 4ANTA IS A MAN "NSWER /O WOMAN WEARS THE SAME ATTIRE EVERY YEAR

SURREY 188th Street and 80th Avenue s !CRES s &UTURE 0OTENTIAL 5HERE ARE THREE STAGES OF MAN n )E BELIEVES IN 4ANTA $LAUS HE DOESNsT BELIEVE IN 4ANTA $LAUS HE IS 4ANTA $LAUS

✓ VALUE FOR $

604-817-7338

botsold@intergate.ca

ACREAGES

COMMERCIAL/INDUSTRIAL CHILLIWACK 8558 Chilliwack Mountain Road

48th Avenue & 216th Street s !CRES TWO PARCELS s 0OSSIBLE &UTURE 0OTENTIAL

s ACRE 6ACANT )NDUSTRIAL ,OT s :ONED - 'ENERAL )NDUSTRIAL - (EAVY )NDUSTRIAL s ,EVEL LOT WITH A COMPACTED GRAVEL BASE s 'REAT ,OCATION 'REAT 0RICE

8HY DOES 4ANTA HAVE GARDENS )E LIKES TO HO HO HO

6842 202B Avenue & 6868 202B Avenue s 0RIME 4OWNHOUSE $EVELOPMENT 3ITE s $ESIGNATED 50! WITH UNDERGROUND OR STRUCTURED PARKING s %XCELLENT 6IEW 0ROPERTY CLOSE TO ALL !MENITIES

27449 60th Avenue s !CRE 0ARCEL s ,ARGE #OUNTRY (OME WITH (ELPER 3UITE s %ASY !CCESS TO 4RANS#ANADA (IGHWAY

27571 60th Avenue s &ULLY &ENCED !CRES s -OBILE 3MALL (OME AND ,ARGE "ARN s #LOSE TO 4RANS#ANADA (IGHWAY

27691 Downes Road s !CRES s 0OTENTIAL "ERRY ,AND s ,ARGE 3HOP "ARN 3TORAGE

✓ GOOD RETURN

8HY DOES 4CROOGE LOVE 3UDOLPH THE 3ED /OSED 3EINDEER #ECAUSE EVERY BUCK IS DEAR TO HIM

COMMERCIAL/INDUSTRIAL

SURREY 11151 Bolivar Street & 13340 112 Avenue

LANGLEY 203-20771 Langley Bypass s SQ FT COMMERCIAL STRATA s &ULLY LEASED s %XCELLENT )NVESTMENT 0ROPERTY

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

8HY WAS 4ANTAsS LITTLE HELPER DEPRESSED #ECAUSE HE HAD LOW ELF ESTEEM

19518 32nd Avenue s !CRES IN #AMPBELL (EIGHTS s $ESIGNATED "USINESS /Fl CE 0ARK

CHILLIWACK 8495 Aitken Road, 8565 Aitken Road & 8579 Aitken Road

WHITE ROCK 1328 Johnston Road

s ACRE )NDUSTRIAL 6ACANT ,OTS s :ONED - 3ERVICE )NDUSTRIAL s 0ERFECT FOR SMALL BUSINESSES

s SQ FT COMMERCIAL BUILDING s SQ FT LOT s :ONED #3 n 3ERVICE #OMMERCIAL :ONE

✓ TENANT COVENANT

✓ UPSIDE

✓ CAREFREE

A4 Lower Mainland

www.westerninvestor.com DECEMBER 2011WESTERN INVESTOR

GASTOWN OPPORTUNITY

NEW Commercial Kitchen FOR LEASE Approx. 900 sq. ft. fully equipped with top of line equipment ready for catering business, take-out or supplying to adjacent 200 seat pub. PLEASE FORWARD ALL ENQUIRIES TO: Marshall MacLeod 604 662 5139 marshall.macleod@cbre.com

&'$ #$"# $& %

7. %;9//;

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c <86*1*0= 6&6* ;&8*6+6328 )*:*0341*28 4634*68= .2 &6&1&8& ;.8- 438*28.&0 +36 1.<*) 97* )*:*0341*28 !-6** 4634*68.*7 ;.8- 838&0 &6*& 3+ &(6*7 .2(09).2, 79'78&28.&0 ;&8*6 +6328&,*

c &(6*7 3+ 7*1. ;&8*6+6328 0&2) 03(&8*) .2 8-* -*&68 3+ &/* 39286= ).6*(80= '*8;**2 $33) &/* &2) &0&1&0/& &/*

c &(6*7 03(&8*) .2 )3;283;2 911*60&2)

Sale of equipment $150,000 and lease $3,000 per month.

Michael Mylett 604 662 5162 michael.mylett@cbre.com

Please contact

GEORGE WINKLER (604) 726-2845

FOR SALE 81,260 sq.ft. R&D

c <(*48.32&0 ;.2*6= ).786.(8 .2 32* 3+ 8-* /&2&,&2 7 1378 739,-8 &+8*6 (31192.8.*7

1521 WEST 4TH AVE

BUILDING AT UBC

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>ĂƒÂ…ĂŠLĂ•ĂƒÂˆÂ˜iĂƒĂƒĂŠÂˆÂ˜VÂ?Ă•`i`ĂŠ

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

$2,619,000 * Stage 2 Completed * Call Larry Traverence 604-787-7654

Kris Pope 604-318-5226

FOR SALE 1028 HAMILTON STREET

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Larry Traverence 604-787-7654 FOR LEASE 8828 Heather

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Larry or Kris 604-689-8226

Larry Traverence 604-787-7654

FOR LEASE 725 Eaton Way

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

HOTELS, APARTMENT BUILDINGS and SITES in VANCOUVER, VICTORIA, NANAIMO and SQUAMISH!

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Featuring the Chieftain Hotel in Squamish!

25 rooms (+ guest suite) 150 seat pub, 210 seat night club, 50 seat lounge, leased cafÊ / retail outlet. Many renovations, including rooms redone boutique style, roof, ooring, plumbing, electrical. This makes money! Price: $2,550,000. Cash: $550,000 + terms! • • • • •

• • • • • •

Squamish, condo Site: 30 units, downtown. $1,250,000 + terms and/or possible joint venture available. Permits done and fees paid; ready to go. Squamish Strata Building: 16 commercial units. Net income = 7% cap rate. Island Waterfront Boutique Hotel and Marina. Quality in a great Location. Nanaimo, Waterfront Hotel, marina and condo Site. $6,500,000. An existing income property plus 2 great development opportunities. Huge marina site. Nanaimo 4 star Hotel: 75 deluxe rooms. Adjoining sites available. Perfect for development and/or conversion into seniors community. Views of Lake.

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Lower Mainland Hotel Opportunities: 50 - 100 - 150 rooms

Port Coquitlam Retail: Choice downtown corner. Fully leased. $1,850,000. Port Moody Apartment building: 32 huge suites: (7 x 1bed, 22 x 2bed, 3 x 3bed). Excellent building, good location and like Brand New! Completely rebuilt including plumbing, wiring, roof, windows, ooring, cabinets, etc. 5.6% cap rate, $385,000 net. North Vancouver Apartment buildings: adjoining 2 x 12 suites at $4,250,000. North Vancouver Prime holding properties: 4 large SF lots next to new approved Village Town Center, for high rise development, retail and Community Center. West Vancouver, British Properties:2 huge adjoining view lots. Possibilities for 3 lots subdivision, or join with neighbours for possibly four lots!

For Commercial, Investment, Land Assembly and Project Development Call:

PAUL MURPHY (604) 986 1586 email: pmurph@telus.net

WESTCOAST REALTY

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Lower Mainland A5

WESTERN INVESTOR DECEMBER 2011 www.westerninvestor.com

APARTMENT BUILDING SPECIALIST CHILLIWACK

WESTSIDE

NEW WESTMINSTER

T

TRAC

CON NDER

U

11 Strata Title Town homes Immaculate buildings & grounds Gross Income $84,076

28 Unit Apartment Building Great Tenant Base Gross Income $238,408

EAST VANCOUVER

BURNABY

SOL

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

EAST VANCOUVER

D

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

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

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

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

604.263.2823

STRATA OFFICE SALE/LEASE

INDUSTRIAL SALE

FOR SALE

RETAIL/OFFICE BUILDING SALE

1396 Richards Street, Vancouver 30,000 sq ft lot, 2/3 of a city block DD-L1 zoning 150,000 sq ft buildable density Operating business included with sale

3410 Lougheed Highway, Vancouver 552–12,016 sq ft Attractive pricing Quality concrete office construction Close to SkyTrain

117 West 5th Avenue, Vancouver 9,076 sq ft building on 74’ x 122’ lot 'RADE LOADING s (EAVY POWER CLEAR CEILING HEIGHT s Air-conditioned OFFICES s 6ACANT POSSESSION

42 West 8th Avenue, Vancouver 8,531 sq ft 3-storey freestanding building Owner/user opportunity with income 2 dock level loading doors Ample parking

311–315 East Broadway, Vancouver &ULLY LEASED s ,ONG TERM TENANTS 3TARBUCKS Busy Broadway & Main location Future re-development potential

Tom Bakker, James Bayley

Anthony Lux, Don Mussenden

Conor Finucane

Ryan Saunders, Mitch Ellis

Ryan Saunders, Mitch Ellis, Conor Finucane

FOR SALE

INDUSTRIAL SALE

OFFICE/WAREHOUSE SALE

LOT FOR SALE

STRATA OFFICE SALE/LEASE

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

1523 East Pender Street, Vancouver 3,653 sq ft warehouse/office building ON X LOT s &ULLY FINISHED CEILING HEIGHT s 'RADE LEVEL LOADING Enclosed secured parking

120–122 West 8th Avenue, Vancouver 6,243 sq ft freestanding building Spectacular views Secured underground parking

1186 Granville Street, Vancouver 3,000 sq ft development site &32 s 0ARKING INCOME (IGH EXPOSURE LOCATION

Ryan Saunders, Mitch Ellis

Mitch Ellis, Ryan Saunders

Ryan Saunders, Mitch Ellis, Conor Finucane

James Bayley, Tom Bakker, Meghan Kennedy

INDUSTRIAL SALE/LEASE

INDUSTRIAL SALE/LEASE

INDUSTRIAL LAND

INVESTMENT SALE

Pr ic e

Re du ce d

Re du ce d

PRIME DEVELOPMENT SITE

205 - 1742 West 2nd Avenue, Vancouver 1,039 sq ft fully improved office space /PEN AREA s +ITCHENETTE s (IGH CEILINGS (ARDWOOD FLOORS s /PENING WINDOWS Private storage Jason Marriott

106 Ave

DEVELOPMENT SITE

George Blvd King

116 Ave

King George Blvd

101 - 8988 Fraserton Court, Burnaby 2,126 sq ft flex strata unit Modern tilt-up construction Rear grade level loading Signage opportunity

211 Schoolhouse Street, Coquitlam Units 14 & 15 – 7,860 sq ft $OCK LOADING (IGH CEILINGS Private offices 8 parking stalls

12829 116th Street, Surrey Three parcels totalling 1.494 acres Prime exposure site Bordering SFPR Proximity to Surrey’s new city centre

16025 King George Boulevard, Surrey 18,145 sq ft Outstanding holding property Single storey office building Short walk from SkyTrain

13061 King George Boulevard, Surrey 5.34 acre site Residential/Industrial per OCP Between Scott Road & Gateway stations Asking $3,995,0000

Phil Gibbons, Steve Caldwell

Steve Caldwell

Rand Thomson, Sebastian Espinosa

Clare Stevens

Rand Thomson, Sebastian Espinosa

For more information on our available properties and range of commercial real estate services please contact us today. Tel: (604) 684 7117

www.dtzvancouver.com

Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent veriďŹ cation. DTZ Barnicke Vancouver Limited, Real Estate Brokerage 12/2011.

A6 Lower Mainland

www.westerninvestor.com DECEMBER 2011WESTERN INVESTOR

.BLJOH B CVDL PVU PG 0UUBXB¤T OFX DSJNF CJMM he federal Conservative government is aiming to bring down a new omnibus crime bill that includes mandatory minimum sentences for even minor drug offences, such as growing as few as six marijuana plants. The bill would also remove some avenues to early parole and eliminate counting remand time served while awaiting sentencing. The plan has provincial bean counters scared straight: it is estimated the cost for locking up tens of thousands more people and keeping prison inmates inside longer will cost hundreds of millions of dollars for incarceration over the next few years, despite a falling crime rate. The Parliamentary Budget Office estimates that in the first five to six years under the new bill prison costs could run as high as $10 billion. All of which would have to be paid by taxpayers. As investors, we see an opportunity here and we need look no further than the United States, where private prisons represent the healthiest landlord returns in a country where the rest of the real estate market is in shambles. Since 1980, many U.S. states have been

5

enforcing mandatory minimum sentences and such laws as the “three strikes and you’re out� ruling that locks people up for long periods even for consistently petty crimes. Since then the U.S. prison population has increased five fold. With 5 per cent of the global population, the U.S. now has 25 per cent of all people in prison. This is all good news for Nashville-based Corrections Corporations of America (CCA), the largest private prison company in the U.S. In the third quarter of this year, CCA reported a 2 per cent increase in revenue to US$433.5 million “driven by a 2.3 per cent increase in daily inmate populations.� The CAC only has 80,000 prisoners, mostly in the southern U.S., yet is on track to post revenue increases of more than 8 per cent a year. It may even be higher because of prison inmate growth in Georgia due to a recent crackdown on illegal immigrants. For each inmate in one of its prisons, CCA makes an average of US$58.29 per day. That is a better return than in most of the slumping U.S. hotel market. CCA is also buying state-run prisons, recently picking up a 1,798-inmate facility from Ohio for US$73 million, with a guar-

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

anteed occupancy of 90 per cent. So here is how a for-profit plan could work in Canada. The government would sell existing prisons to private-sector companies, which would then list their shares on the Toronto Stock Exchange. As the new omnibus bill drives more people into the slammer, taxpayers would buy shares in the prison companies and, instead of paying to lock more people up, would make a fat profit on it. All they would need to do is jettison their morals and their common sense, as has apparently already been done in Ottawa.

/&95 .0/5)

Western Investor presents its annual outlook for the commercial and industrial real estate market for 2012, with a tight focus on offices. We begin our first Investing 101 series, on finding a property. Our regional reporters file from North Vancouver, Painted Earth, Winnipeg and Yorkton. Plus, we present all the news and commentary needed by western investors.

EDITOR wieditor@biv.com

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

TU 3&"-5: -5% 1. KHALSA BUSINESS CENTRE a. 2,364 Sq Ft fully ďŹ nished professional 11 OfďŹ ce on Second Floor with Elevator-services, fully air conditioned, Strata fee $318.33 per month available immediately for Lease @ $12 PSF or Sale @ $225 PSF b. 3 units @ 8388 128th Street, Surrey BC 3,615 Sq ft high ceiling CD zoned, occupied by the same Carpet Store for 13 years Guaranteed leased for 24 months @ 6.5% cap rate. c. 1,183 Sq Ft units 8334 – 128th CD Zoned can accommodate most of retail business is available for Lease @$1,850 per month plus NNN or at SALE $ 275,000 d. 1,033 Sq ft unit leased for $2,300 per month until 2014 Asking $310,000 2. 13.3 acres ALR Flat Land for Sale @ 4915 Railway Road, Surrey MLS # F 3101190 backs on to Hwy 99 and Clear brook Road, Surrey Asking $ 989,000 3. Exclusive listing - 32 Acres Prime ALR Flat Land in Cloverdale next to BIG developments, Blueberry Farm Asking $ 3.5 M

MLSÂŽ H3100324

Lease Space Available $18-$19.50 16,640 sq.ft. Strip Mall on the busiest street in Chilliwack that has been completely renovated with brand new addition and façade. Excellent trafďŹ c count numbers with great exposure and visibility from the road. There are 78 surface parking stalls with access to the strip mall from Yale Road. Available for lease $18$19.50 per sq.ft., 5,866 & 5,802 & 1553 sq.ft. Able to make smaller units if requested. Building & Property also for Sale. Call for Details. Building can be stratiďŹ ed – sold in one or 3 units. Sale Price: $3,950,000

$1,799,900 44703 Yale Road/ 44698 Chalmer Place MLSÂŽ H3100190 1.66 acres in 2 titles, zoned M2 (Service Industrial) in absolutely prime location. Highway 1 exposure, access of Yale Rd. or Chalmer Place (cul-de-sac). Set in the heart of the Industrial area with easy access to the City and national transportation routes. Zoning allows for wide variety of uses including warehousing, light manufacturing, food processing, sales, and more. Offered at a highly competitive price of approx. $25 per sq.ft. THIS IS A GREAT DEAL!

$425,000 45922 YALE RD. MLSÂŽ H310014 BUILDING AND LAND LOCATION LOCATION!!! Perfect for detail shop This property is on Busy Yale Rd with excellent exposure. (Across for South Gate Shopping Centre) Very clean Building!! Building approx. 3,000 sq.ft. with one Bay door, Excellent Retail Space for your business or purchase existing Business. Goal Line Hockey Can be purchased separately it is a state of-the-art Hockey training facility with Rink and Skatemill. A must see. Priced to Sell!!

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

$1,850,000 45955 & 45961 Yale Rd. Body Building 11,992 sq.ft. Land 1.001 Acres GREAT FOR CAR LOT! 5 Bays, Showroom, ofďŹ ces, Great Exposure with lots of parking in this area of town. So much potential with this property, to many to list. The lots are zoned CS1(Service Commercial). Call Lindsey for additional info 604-798-2977

$3,600,000 8424 Aitken Road – Don’t pass

OWNER WANTS IT SOLD! THIS IS IT!

Tel: 604-837-5612 e: harisharma@shaw.ca Over 12 year experience in Strata Management

www.mapleleafrealty.com

$1,750,000 45787 Yale Road MLSÂŽ H3100328 Perfect for your building supply, glass company, or retail business. Building is over 12,000 sq.ft. and has new siding, new windows, and a new elevator. Downstairs is 6,147 sq.ft. and has a large showroom, ofďŹ ces, and upstairs has 4 leased tenants in ofďŹ ces. Parking on a fenced .935 acre lot. This property was appraised at 2.2 million. Vendor is a motivated Seller.

FOR SALE

up this rare ďŹ nd!!! 14.685 Acres of undeveloped land is located next to the railway tracks, and has good access to Trans Canada Highway #1. The zoning is currently M4 (Heavy Industrial Zoning) and allows for Warehousing, Heavy Industrial, Storage and much, much more. This is excellent property for great potential and to add value to your portfolio, municipal water & sanitary services are at the road, exible zoning. Strong development activity around is Highway 1 Business Park, Progress Way Business Park and Cattermole Industrial Estates. CALL FOR DETAILS.

Hari Sharma B. Comm. Member IC&I

ADVERTISING DEADLINE JANUARY 2012 issue: December 8, 2011

FRANK O’BRIEN

MAPLE LEAF

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

REDUCED $1,050,000

MLSÂŽ H3100320

44290 Yale Rd. West Excellent Hwy Exposure. 4 Bays plus Live in Suite Zoned. M2. Land approximately 19,166 sq.ft. Building approximately 7976 Sq.Ft. Each bay has separate entrance, large overhead doors. Perfect Investment Building in Growing Area. . Call 604 798 2977 for Details

Lindsey Gauthier Personal Real Estate Corp.

sutton group showplace realty ltd.

GauthierTeam.com

FOR SALE

Lower Mainland A7

WESTERN INVESTOR DECEMBER 2011 www.westerninvestor.com

Vancouver Office 604 687 7331 s

s

For more information visit our website

www.avisonyoung.com

FEATURED LISTING FOR LEASE – Merchant Square, 1 Eighth Street (@ Columbia St), New Westminster s 0REMIER SF #LASS ! OFl CE SPACE MID COMPLETION s ,%%$ 'OLD ENERGY EFl CIENT OFl CE BUILDING WITH LARGE m EXIBLE m OOR PLATES s !DJACENT .EW 7ESTMINSTER 3KY4RAIN STATION s 0ART OF THE #ITY S NEW #IVIC #ENTRE $EVELOPMENT s !BUNDANT PARKING AMENITIES s 3PECTACULAR VIEWS %BSSFMM )VSTU

HIGH EXPOSURE RETAIL INVESTMENT OPPORTUNITY 689 Denman Street, Vancouver s (IGH END RETAIL BUILDING ON CORNER OF $ENMAN 3T 7EST 'EORGIA 3T s $IRECT DAILY EXPOSURE TO VEHICLES s RESIDENTS WITHIN KM RADIUS s 0ROMINENT PEDESTRIAN CORRIDOR NEAR ENTRANCE TO 3TANLEY 0ARK 3PC (SFFS .BSL )BOOBI

FOR SALE – Dollarton Business Park - 197 Forester Street, North Vancouver

FOR SALE – 1027 Ryan Road, Courtenay s RENTAL UNITS s ACRES s %XCELLENT ASSUMABLE l NANCING 3PC (SFFS $ISJT 8JFTFS

s "RAND NEW STOREY STRATA OFl CE m EX INDUSTRIAL BUILDING s ,OCATED IN .ORTH 6ANCOUVERgS FASTEST GROWING COMMERCIAL HUB s 5NIT SIZES FROM APPROX SF SF FULL m OOR 5FSSZ 5IJFT *BO 8IJUDIFMP FOR SUBLEASE – 200 – 2050 Hartley Avenue, Coquitlam s SF s %XCELLENT EXPOSURE s !MPLE PARKING .BUU 5IPNBT ,ZMF #MZUI

SOLD – 1550 East Hastings Street, Vancouver

LD O S

s SF SITE CITY BLOCK W FT OF FRONTAGE s $IRECT EXPOSURE TO OVER VEHICLES PER DAY s $EVELOPMENT /PPORTUNITY n &32 .BSL )BOOBI 3PC (SFFS 4USVBO 4BEEMFS

FOR SALE/LEASE – 2372 Townline Road, Abbotsford s SF 7AREHOUSE 0RODUCTION FACILITY s ACRES s TG 1BVM 1VSFXBM

FOR SALE – 1496 Rupert Street, North Vancouver s #OMMERCIAL BUILDING WITH BEDROOM PENTHOUSE APARTMENT s ,OCATED ON THE CORNER OF -OUNTAIN (IGHWAY 2UPERT 3TREET .BUU 5IPNBT ,ZMF #MZUI s

+PIO &BLJO .JDIBFM 'BSSFMM

FOR SALE – Unit 106 - 2567 192 Street, Surrey

FOR SALE – 9781 186th Street, Surrey

PR

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D RE

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

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

s #OURT ORDERED SALE s &RONT EXPOSURE TO 3T s DOCK LOADING DOORS s SF OF 7AREHOUSE /Fl CE SPACE s +PIO &BLJO .JDIBFM 'BSSFMM

FOR LEASE – Brewery District 0RIME /Fl CE SPACE WITH LARGE m EXIBLE m OOR PLATES s ,OCATED AT 3APPERTON 3KY4RAIN STATION s /VER MILLION SF OF 2ETAIL #OMMERCIAL HEALTH RESIDENTIAL s 1 /CCUPANCY #JMM &MMJPUU %BSSFMM )VSTU

FOR LEASE – 11125 124th Street, Surrey

FOR SUBLEASE - 10387 Nordel Court, Delta

FOR SALE – 2021-2025 St. John's Street, Port Moody s #OMMERCIAL -IXED 5SE $EVELOPMENT 3ITE s (IGHLY VISIBLE TWO ACRE CORNER SITE s ,OCATED ALONG THE %VERGREEN ,INE #ORRIDOR 1BUSJDJB -JECFUUFS 3PCFSU (SJUUFO

s !CRES s SF /Fl CE 7AREHOUSE s #ENTRAL LOCATION %PVHMBT - .D.VSSBZ 3ZBO ,FSS

s SF &LEX /Fl CE 3PACE FOR ,EASE $EMISABLE s %XCELLENT VISIBILITY TO +ING 'EORGE "OULEVARD s !CROSS THE STREET FROM THE 3COTT 2OAD 3KY4RAIN STATION %BSSFMM )VSTU (MFOO (BSEOFS

FOR SALE – Burns Lake Apartment Portfolio T s "UILDINGS n SUITES TOTAL FULLY OCCUPIED AC TR N O s #AP 2ATE ON ACTUAL INCOME C R DE N s TOTAL ACRES U s QFS TVJUF

$ISJT 8JFTFS

FOR SALE – 9430 Nowell Street, Chillliwack

FOR LEASE – 112 West Hastings Street, Vancouver s &ULLY RESTORED HERITAGE RETAIL SPACE s ,ARGE OPEN m OOR PLAN ORIGINAL BRICK FEATURE WALLS HIGH CEILINGS s )DEAL SPACE FOR FASHION GALLERY OR RESTAURANT USERS s SF PLUS SF MEZZANINE +BNFT 4IBOESP *BO 8IJUDIFMP FOR LEASE – 1035 Marine Drive, North Vancouver

SOLD – 5 Fort St. John Apartment Buildings

s 0REMIUM RESTAURANT PUB OPPORTUNITY ALONG -ARINE $RIVE s $AILY TRAFl C VOLUMES IN EXCESS OF VEHICLES s 5P TO SF OVER LEVELS INCLUDING LARGE PATIO SPACE s !REA TENANTS INCLUDE 7AL-ART &UTURE 3HOP )NDIGO "OOKS MORE

+BNFT 4IBOESP *BO 8IJUDIFMP

s SUITES ONES "ACHELOR s .EW ROOF s #OVERED PARKING s PER DOOR $ISJT 8JFTFS

LD O S

s !VE UNITS s !VE UNITS s !VE UNITS s !VE UNITS s !VE UNITS

$ISJT 8JFTFS

FOR SALE/LEASE – 1455-1475 East Georgia Street, Vancouver s n SF OF /Fl CE 7AREHOUSE AVAILABLE D CE U s ) ,IGHT )NDUSTRIAL ZONING D RE E C s $OCK AND 'RADE LOADING I PR s TG +PIO -FDLZ 4USVBO 4BEEMFS Avison Young Commercial Real Estate (B.C.) Inc.

A8

www.westerninvestor.com DECEMBER 2011WESTERN INVESTOR

COVER Metro housing slump won’t continue and conditions will stabilize on Island and in B.C.’s Interior

3FTJEFOUJBM PVUMPPL WESTERN INVESTOR he current downturn in Metro Vancouver’s housing market won’t continue into 2012, and the recession-like conditions from Vancouver Island to the Kootenays will change to a more balanced market next year.

5

That’s the premise drawn byWestern Investor from hours of interviews and conferences held over the past few weeks as experts tried to forecast an industry that not only defines Vancouver but is perhaps the most important economic engine for both the city and the province. At the Housing Outlook 2012 conference in Vancouver last month, analysts from Canada Mortgage and Housing Corp. (CMHC) sketched a scenario of suprising stability in the Vancouver and B.C. market for next year. The official forecast is for Metro Vancouver resales to rise 9 per cent and the average overall home price to increase 2.2 per cent from 2011 to $805,000. The average detached house price in the Vancouver area is expected to crack above $1.1 million in 2012. For all of B.C., housing sales are forecast to increase 7.4 per cent, with the average price flatlining at $559,500, after a 3.1 per cent drop this year, according to CMHC. Provincewide housing starts are expected to fall 2.5 per cent in 2012, to 26,700 units, though CMHC sees Metro Vancouver starts rising nearly 6 per cent next year to 18,000 units, led by condo and townhouses. Partially due to the housing sector, the unemployment rate in Metro Vancouver is forecast to fall to 7 per cent in 2012, from 7.7 per cent this year. Residential real estate is what keeps the economy here ticking, suggested Andrew Bibby, president and CEO of Grosvenor Americas. “Housing is the driver for Vancouver’s econ-

omy,” Bibby told the November Emerging Trends in Real Estate 2012 conference presented by the Urban Land Institute. He told of travelling south through the industrial landscapes of Seattle and California’s Silicon Valley and wondering, “What does Vancouver run on?” His suggestion that it is housing has merit: this year in Greater Vancouver sales of 33,000 resale homes will generate $26 billion. At the same time, annual new-home construction permits in the Lower Mainland are in the $3 billion range and residential construction directly employs 113,000 people, not counting realtors, mortgage brokers and other soft support. Home renovations are worth another $7 billion to the provincial economy. Another telling conclusion from the Trends conference: the best global real estate investment for 2012 is a single-family detached house in either Vancouver or Toronto. The second is a Sitting pretty: South Delta residential developer Ron Toigo said sales of his new singlefamily houses were stopped due to confusion over HST, but demand for condos and residential rental in either city. So the housing outlook perhaps isn’t just townhouses remains strong. about what you can sell your home for: it is dum this summer, he has stopped all single- clear transition rules on the HST. about the economic future of a region. detached sales. “Nobody knows how the phase A report on the westside of Vancouver new condo market, the most expensive in Canada, Which makes the current sales downturn in out of the HST will work,” Toigo said. Metro Vancouver – with MLS sales tracking At a Vancouver Board of Trade confer- confirmed that sales of new product has been down for five straight months as of November ence, Ward McAllister, president and CEO declining since the HST was voted out on July and cracks showing in the new-home market – of McAllister Ledingham, a major Metro 1. With 1,233 new condominiums unsold and Vancouver residential developer, blasted how another 4,151 units planned, sales of new conthe focus of intense interest. the province has handled the HST. dos in the market are averaging 112 per month )45 DPOGVTJPO “This is really hurting us in the new-home with “the sales trend slowing through th e For real estate veteran Ron Toigo, the devel- business,” said McAllister. “We don’t have any summer and fall months of 2011,” according oper behind one of the most successful resi- transition rules yet. What is amazing to me is to MPC Intelligence. MPC, which monitors dential developments in Metro Vancouver – his that it took three days to bring this tax in and the new-home market, said the HST repeal is Tsawasssen Springs in South Delta – it is all now they are telling us it will take up to 18 “negatively effecting sales of higher-end inventory.” about presenting value. But Toigo echoes con- months to unravel it.” McAllister said “any of our product at Still, the overall inventory of new and unsold cerns of other home builders that confusion over the death of the harmonized sales tax $525,000 or over is just sitting.” That is the condos in Metro Vancouver is falling, accord(HST) threatens the new-home industry. price range where there are no HST rebates. ing to CMHC, with about 1,300 in the current Earlier this year, Toigo presold 20 detached Developers are forced to make deals and dis- market. MPC said it has begun to see price discounthouses at Tsawassen Springs priced from count prices, he said. The former president of $700,000 each in less than 30 days. But, after the Urban Development Institute said the ing and buyer incentives at a number of new the HST was killed in a provincewide referen- development industry has been “begging” for westside condo projects, but this may reflect Photo: Richard Lam

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A9

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he noted. Surrey realtor Brent Roberts said the primary glut of unsold condos is in north Surrey’s Central City and Whalley areas, where a rush of new construction greeted plans for a new city hall, library and RCMP headquarters. “People thought they could buy pre-sales and then flip them for a profit,� Roberts said. “I know one investor sitting with 14 of them.� The result has been price discounts, with some new one-bedroom condos selling for around $140,000, he added. CMHC does not see a quick recovery in the Fraser Valley, forecasting a 3 per cent drop in MLS sales in 2012, and no increase in prices. In Abbotsford, sales are forecast to fall 11 per cent this year and a further 4 per cent next year.

Photo: Delta Lands

aggressive pricing earlier in 2011. All this does not fazeBruce Langois, president of Delta Lands, which is patiently selling the ultra-luxury Residences at Georgia in downtown Vancouver. This is where an $18 million penthouse condo sold early last year and where condo prices start at $1,5000 per square foot, among the highest in North America. Langois takes the long view. “Think of searching on Google Earth for the best neighbourhoods in the world,� he said. “For the wealthy, who can buy anywhere they want, it is a very short list. And Vancouver is right at the top of that list.� According to Citizenship and Immigration Canada, there is backlog of more than 300,000 Chinese residents who want to immigrate to Canada, and Vancouver is the preferred choice for investor immigrants, who must prove cash assets of $1.6 million. This year, an estimated 45,000 immigrants will arrive in Metro Vancouver, a level that should continue for years, according to CMHC. Langois said he has no doubt that he can find buyers for the 40 luxury homes at the Residences of Georgia. Confidence is also seen in the new-detached market. Buyers lined up in the rain for hours last month to buy new $600,000-plus houses in Coquitlam, according to a spokesperson for Morningside Homes, which sold 14 new houses in less than four hours. , n'SBTFS 7BMMFZ A buyers market has become entrenched in the dFraser Valley over the past few months, a signal of what is happening the further away one gets hfrom Vancouver. As of November, there were emore than 10,000 homes for sale in the Valley – and 2,400 new listings added – but sales were averaging just 1,120 per month. While prices are higher than a year earlier, they have been falling month-over-month since early summer. d “What’s happening is that there is a large amount of inventory available in the Fraser tValley, in particular with condos and townhomes, and that’s what’s holding prices in check,� said board president Sukh Sidhu. It now takes two-and-a-half months, on average, tto sell a Fraser Valley condominium apartment,

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B.C.’s capital city will see a modest recovery in 2012 after watching housing sales decline for three straight years. Total MLS sales are forecast to increase 6.8 per cent next year, while average resale home prices will remain nearly unchanged at $505,000, from a year earlier. Housing starts in Victoria will increase 8.8 per cent in 2012, but remain below the average over the past four years. Victoria will continue to have one of the lowest vacancy rates in Canada: 1.4 per cent in 2012 according to CMHC. It also has one of the lowest unemployment rates, at 5.4 per cent projected for 2012.

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Both CMHC and Central 1 Credit Union are forecasting a weak recovery in the Central Okanagan, where sales have been falling steadily for three years, with resales down 5.4 per cent in 2011. Residential sales in 2012 are expected to come back to around 3,100 units, which would still be below the level of 2009. Prices will flatline at 2011 levels. Kelowna will be the bright spot, according to CMHC, which sees an 11 per cent leap in resales in 2012 with only a modest increase in the average price of a resale home, which fell 2.6 per cent this year to $512,000. The Kelowna vacancy rate is easing and is forecast to be 4.5 per cent in 2012, down from 5.5 per cent this year. The upturn hinges on

Penthouse at Residences at Georgia in downtown Vancouver: prices from $1,500 to $1,800 per square foot have not deterred foreign and local buyers.

# $ )PVTJOH 0VUMPPL Sales market

2011

2012

Avg. price 2012

Greater Vancouver 33,000 36,000 $805,000* Victoria 5,900 6,300 $505,000* Kelowna 3,500 3,900 $415,000* Kamloops 1,750 2,000 $380,000** Prince George 995 1,000 $253,000** Nanaimo 1,600 1,700 $333,000** *All types of housing **Detached housing only Courtesy: Canada Mortgage and Housing Corp., Outlook 2012

an improvement in the local employment rate, which CMHC sees falling to 7.5 per cent next year, the lowest level since 2009. The resort market is expected to remain in the doldrums in 2012 due to lack of out-ofprovince buyers and the HST, which is fully applied to secondary properties, according to Central 1. As this year ends, blowout sales with price reductions of 50 per cent or more were being offered at Tuscan Villas – condos from $154,900 – one of several Interior resort developments that are in receivership. Some realtors doubt that Kelowna-area housing starts will see the 18 per cent increase forecasted by CMHC for next year. “There is a lot of new inventory right across the Okangan,� said one Vernon real estate agent.

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CMHC regional economist Carol Frketich notes that B.C. will post 2.7 per cent economic growth next year, one of the best in Canada, and mortgage rates will remain near historic lows. This, she said, is evidence that the residential market will be “balanced� in 2012, with a chance for an upturn in northern markets such as Prince George. Real estate consultant Ozzie Jurock noted outlying markets have been in a down cycle for 15 months, which has now spread to a “sideways-to-down cycle in Vancouver.� “We look for Vancouver condo sales and prices to slow further, single family prices to stay even and the Interior and Vancouver Island remaining very sluggish,� Jurock said. “2012 is a breather year.�◆

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ROBERT THAM s MARC SAUL s Corbel Commercial Inc. www.corbelcommercial.com U Tel: 604.609.0882 U Fax: 604.609.0886 U Info@corbelcommercial.com E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully veriďŹ ed. All measurements quoted herein are approximate.

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WESTERN INVESTOR DECEMBER 2011 www.westerninvestor.com

FEATURE Ski condo prices slashed as downturn, high supply and HST confusion hammer B.C. resort market

-PPLJOH GPS UIF MJGU

/FSWPVT MFOEFST

PETER MITHAM WESTERN INVESTOR

The tagline for Kelowna’s Big White ski resort emphasizes the one thing skiers are keen to know about when planning a visit to the ski hills of B.C.’s Interior, or just about anywhere else in the province, too. But running a ski hill, and selling the real estate, is about more than snow, as Aviawest Group knows too well. The Victoria-based resort developer – which owns the Pacific Shores in Nanaimo and Victoria’s Parkside Resort – sought protection from creditors at the end of October facing $90 million in obligations on a portfolio valued at $88 million. Pinnacle Lodge, its property at Sun Peaks near Kamloops, is the sole ski lodge in its portfolio, but Aviawest’s troubles are emblematic of an industry navigating a challenging downhill slope. “It’s been pretty slow for the past two or three years,� said Peter Nixon, manager of real estate development for Sun Peaks Resort Corp., which oversees about 1,300 units. During good economic times, 6 per cent to 8 per cent of those units might be available for sale. Right now, the proportion is running at about 12 per cent, with discounts of between 10 per cent and 25 per cent. Nixon believes those discounts aren’t bad given vendors are now realizing 90 per cent to 95 per cent of their asking prices for full-use ski condos. Some developers are slashing prices in half in order to attract buyers, though Nixon notes that Sun Peaks has been disciplined about how much new product it releases.

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It’s not just the ongoing effects of the recession that are affecting B.C. resorts, Nixon added. Many developers were adjusting to the downturn that began in 2008 only to be side-

Photo: Silver Star

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t’s the snow.�

Forty per cent off: six ski condos are discounted in Firelight Lodge at Silver Star near Vernon. Once priced at $315,000, some are now listed at $195,000.

swiped by the introduction of the HST on July 1, 2010. Recreational properties are typically subject to the full tax unless buyers are acquiring them as primary residences (most weren’t, given that ski resorts are not, by nature, year-round communities). Moreover, many buyers who bought before the HST was adopted sought to avoid paying GST by purchasing units or shares in units through entities with business numbers. This allowed them to write off the sales tax, but also obligated them to collect HST on the sale of the units. “We saw a fair flurry of activity in the first six months of 2010 as we were climbing out of the economic problems of 2008. But after [implementation of the HST on] July 1, things slowed down quite drastically again,� Nixon said. The lack of transitional rules governing the phase-out of the HST in the run-up to March 31, 2013, has put a new damper on sales activity. “That’s been a challenge for people to deal with,� Nixon said. “Some developers ... are

actually offering to pay the PST portion, the 7 per cent portion of the HST for the purchaser, in order to get a deal now versus having people wait till the spring of 2013.� But the costs add up, especially in the face of downward pressure on pricing.

3BDF UP UIF CPUUPN

“I don’t think, necessarily, we’ve hit bottom yet either,� opined Harry Pettit, a sales associate with Prudential Kelowna Properties and longtime agent for properties at Big White. “Sales this year are up a little bit over the same period last year, so there’s a little more business during the summer and fall than, say, last year. So maybe, hopefully, people are realizing there are some real bargains up there.� He has handled four-bedroom condos on the hill that would have fetched $300,000 not too long ago but are now going for $200,000. Another property, purchased for $585,000, sold for $430,000. The vendor swallowed the HST, too. Recently, prices were discounted by more than 50 per cent at Tuscany Villas, Kelowna. “There are some screaming deals up there, there really are,� Pettit said.

Some, however, are screaming and running away. RBC lenders in Ontario, for example , refused to countenance a financing deal their B.C. regional lending team approved – for a top-notch client – because the bank has backed away from ski hill properties, Pettit said. The buyer turned to a line of credit, maxed it out, and closed on the deal. It’s buyers like that who give hope to developers like Howard Katkov, president and CEO of Red Mountain Resorts Inc. Katkov has seen his share of trouble since acquiring Red Mountain, a former community ski hill in Rossland. The province tags resort development as a key plank in the B.C. jobs plan, pledging “to aggressively market resorts and ski hills from across the province to increase in-and-out-of-market skiers to experience the incredible skiing opportunities in B.C.,� and Katkov is giving substance to those intentions. Red Mountain saw its best season ever last year, boosting EBITDA three-fold and topping 110,000 visitors. “The ski side of our world is very good,� he said. “It will continue, in my opinion, to be very resilient to the economic ups and downs of our global world.� And that’s where he’s hoping the hill’s real estate will benefit. Just 100 of the 1,400 units planned for Red Mountain have been built to date. In 2008, Katkov slashed prices on units in his Slalom Creek complex and sat tight to weather the incoming storm. Elevate, a collection of 80 pre-fab homes released last year, has been taken off the market. There’s just $5 million in real estate on offer today, down from $18 million two years ago. “We can’t go up against the tide until the tide starts to swing,� Katkov quipped. He’s focusing on building traffic and boosting business at the resort’s 120-person conference centre. “We think that experience will stimulate more destination visitors, and stimulate our real estate. That’s the strategy,� he said.◆

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www.westerninvestor.com DECEMBER 2011WESTERN INVESTOR

FEATURED FOR LEASE LISTINGS: Some Free Base Rent Is Negotiable

FEATURED LISTING #1:

FEATURED LISTING #2:

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

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North Langley / Walnut Grove UÊ iÀV > ÊÉÊ Ýi`Ê1ÃiÊEÊ `ÕÃÌÀ > Ê- Ìià Brookswood, Langley UÊ,ià `i Ì > ÊÉÊ iÀV > Ê iÛi « i ÌÊ- ÌiÊ

Lower Mainland: *À wÊÌ>L iÊ Õà iÃÃ]Ê iÀV > Ê Õ ` }Ã]Ê iÛi « i ÌÊ > `]Ê ,iÌ> ÊÉÊ"vwÊViÊ i>ÃiÊ-«>ViÊEÊ- ÀÌÊ/iÀ Ê ` }Ê*À «iÀÌ ið Please contact Theo Kefalas for further information on these properties and for any other buying / selling / leasing requirements that you may have. I look forward to hearing from you.

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"vwÊVi\ 604-530-4141ÊÊ info@gowiththeo.com JOHN JOHNSON

UÊPRINCE GEORGEÆÊÊ ÎÊÃi«Ê>«>ÀÌ i ÌÃÊ£Ó £ÈÊÕ ÌÃÊ UÊSUNCOR / MCDONALDS DISP°ÊÊ {Êà ÌiÃÊ£Î]äääÊÃvÊÌ Ê{ä]äääÊÃvÊ UÊVICTORIA CORE°ÊÊ , {nÊâ i`Ê£äÊÃÌ ÀiÞÊ$1,250,000° UÊBURNABY;Ê vwViÊLÕ ` }ÊÊ n]äääÊÃvÊ$900,000 UÊQUESNEL; À V Ê ÕÀ ÌÕÀiÊ Õ ` },ÊÊ °n Ê>VÀiÃ]Ê£Ç]äääÊõÊvÌ]ÊÓÈÊ«>À }]Ê«Þ Ê Ã } Ê$1.5 MÊ

,i> Ê ÃÌ>ÌiÊ ÃÕ Ì> ÌÊ

Homelife Benchmark Realty (Langley) Corp.

UÊGRAND PRAIRIEÆÊ Ýi`Ê"É,ÊÊ $140,000Ê ]Ê ¯ÊV>«Ê

Central Langley UÊ,iÃÌ>ÕÀ> ÌÊ-«>Vi°ÊÊ } Ê/À>vwÊVÊ V>Ì °

L I S T I N G S W A N T E D / BUYERS ON STANDBY:

JOHN JOHNSON

UÊPRINCE GEORGEÆÊ££nÊ>VÀi]{Ê Ê iÌÀiÃÊ }À>Ûi ]Ê­>LÕÌÃÊ> À« ÀÌ®Ê$4,250,000

PETER SEED 604-691-6608

www.gowiththeo.com

peter@naicommercial.ca

Each office is independently owned and operated.

PLASTIC MFG. - Vancouver 30 yrs. in business. Good repeat business. Owner retiring and very motivated. Offered for $300,000 SPA - Vancouver. Well established, steady clientele, excellent revenue. Owner will train. Offered for $450,000 FRANCHISE OPPORTUNITY in major shopping centre downtown Vancouver. Offered for $148,000 MANUFACTURE of high-bedding (pillows, duvets, cushions) & Polyester Fibre Processing, excellent clientele, family business since 2002, good profit margin, owner will teach this unique operation. Offered for $250,000 Please call

RICHARD PODGURSKI

RE/MAX Masters Realty

604-961-5665 richard@expertrealty.ca www.expertrealty.ca Cell:

MAPLE RIDGE - 50 ACRES Heavily treed - Zoned RS3 within the ALR. Approx. 85% level. RARE to find this large a parcel for sale within the GVRD. $2,580,000. Call for details: Call GARY FRAIPONT or LORRAINE MANYK

RE/MAX Lifestyles Realty FRAIPONT & MANYK www.rltylink.com 604.466.2838 Each office independently owned and operated

Franchise Opportunity Blenz Master Franchise in Vancouver, Vancouver Island, Ontario & Alberta Blenz Franchises ........$139,900, $179K - $488,800 Steamrollers Franchise Vancouver.$319K (Davie St.) Wired Monk Individual Franchise Opportunity Wired Monk ....................$99K, $169K, SOLD-$159K Wired Monk New Franchises - Vancouver ................................ $262K-$350K depending on location Sandwich Tree master franchise opportunity $275K Le Bistro Chez Michel .........................................$199,000 Crepes and Gelato ..................................................$59,800 Casa Café ................................................................$175,000

www.matthewmoadebi.com www.vancouverfranchise.ca

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

LORNE CHERNOCHAN

604-880-0550 (cell) lorne@chernochan.com www.chernochan.com CALL OR EMAIL FOR A FULL INFO. SET ***************************************************************

RICHMOND ACREAGE INVESTMENT $125,000 per acre FOR THE 36 ACRES!!

$1,250,000 each FOR THE 2.5 ACRE PARCELS!! 3 adjoining parcels = 41 acres. 2 STREETS FRONTAGE = 777 feet Current rental income REDUCED $1 Million NOW $6,980,000 FOR ALL 3 !! ***************************************************************

INDUSTRIAL STRATA FOR SALE NORTH RICHMOND

$645,000 = $174 PSF

Attention Agents: REACH QUALIFIED BUYERS FOR YOUR LISTINGS

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

RESTAURANT BUSINESS

3716 sf = 2,850 sf warehouse with GRADE + DOCK; showroom + 2nd floor offices with separate entrance. Newer building in gated complex. ALSO FOR LEASE! ***************************************************************

FOR LEASE IN RICHMOND 3 Units WAREHOUSE + OFFICE 1,997 sf in East Richmond 2,555 sf near Costco 3,716 sf near Knight St Bridge LEASE RATES FROM $8 psf (net effective)

lorne@chernochan.com www.chernochan.com WESTCOAST

C H I L L I WA C K , B C Rare opportunity! First time offered, owners retiring after 22 years! This 120+ seat restaurant is truly one of Chilliwack's most respected & renowned family dining destinations. Iconic visual exposure in the heart of town w/ no franchise fees. Well established w/reasonable lease rate makes this turn-key operation perfect for a family-run venture or the budding entrepreneur.

Bring your ideas & dreams and call Janet Kirkpatrick today for details.

JANET KIRKPATRICK Toll Free: Tel: Fax:

1-800-830-7175 604-858-7179 604 858 7197

RE/MAX NYDA REALTY

Each office is independently owned and operated.

Lower Mainland A13

WESTERN INVESTOR DECEMBER 2011 www.westerninvestor.com

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

RICHMOND s $EVELOPMENT SITE &RANCIS 2AILWAY X FT $4.3 Million s 2ETAIL -ALL ON !LEXANDRA 2D SF LEASABLE AREA $11 Million s 0RIME 2EDEVELOPMENT 3ITE W INCOME ,ANSDOWNE 6ILLAGE !REA $17 Million

VANCOUVER s -AIN 'EORGIA #ONCRETE "UILDING

SOLD $7.8 Million

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

www.naibusinesses.ca HALCYON HOT SPRINGS VILLAGE & SPA 9EAR ROUND OUTDOOR PLAYGROUND WITH SPECTACULAR FACILITIES 0ROl TABLE RESORT SPA BUSINESS WITH NATURAL HOT SPRINGS ACRES WITH M WATER FRONTAGE AND STRATA CHALETS "USINESS AND PROPERTY $15,900,000 CONSTRUCTION RELATED &RASER 6ALLEY 3PECIALIZED BUSINESS WITHIN CONSTRUCTION INDUSTRY FOR YEARS /VER M IN SALES SOLD %ASY TO OPERATE $850,000 ENGINE DISTRIBUTION CO NEW LISTING 7ESTERN #ANADA ESTABLISHED DISTRIBUTOR OF MARINE AND INDUSTRIAL ENGINES AND RELATED PRODUCTS 3TRONG EARNINGS HISTORY TRAINED STAFF AND EXCELLENT PRODUCT LINES 3HARE SALE $2,500,000 inc inv & equip NIGHTCLUB BAR & GRILL +OOTENAYS 4HE MOST SUCCESSFUL CLUB IN THE +OOTENAYS WITH AWARD WINNING LIGHTING SYSTEM /NE OF THE LARGEST LICENSED ESTABLISHMENTS IN "# WITH POPULAR RESTAURANT GRILL "USINESS AND PROPERTY...................................... $1,750,000 AWARD WINNING MILLWORK BUSINESS ,OWER -AINLAND -AJOR CLIENTS IN #ANADA AND 53! 2EVENUE IN EXCESS OF M SOLD $2.0m inc equip VANCOUVER DINNER CRUISE BUSINESS REDUCED )N BUSINESS FOR OVER YEARS OPERATING TWO YACHTS FROM $OWNTOWN 6ANCOUVER .ETS $1.85m inc yachts UNIFORM DISTRIBUTOR ,OWER -AINLAND /VER YEARS IN BUSINESS $ISTRIBUTOR OF CORPORATE AND HOSPITALITY UNIFORMS AND PROMOTIONAL PRODUCTS $390,000 SUCCESSFUL CAFE RESTAURANT NEW LISTING (UGELY POPULAR CAFE IN DOWNTOWN 3QUAMISH 'ENERATES MTH IN REVENUE 2ENT ONLY MTH %ASY TO OPERATE 4URNKEY OPERATION $299,000 inc equip UNIQUE HOME IMPROVEMENT BUSINESS &RASER 6ALLEY REDUCED -ANUFACTURER OF CUSTOM DESIGNED SUNROOMS AND PATIOS SOLD DIRECTLY TO COMMERCIAL AND RESIDENTIAL USERS $149,000 + inv METAL FABRICATING COMPANY "URNABY 7ELL ESTABLISHED BUSINESS WITH STRONG EARNINGS HISTORY AND HEALTHY MARGINS $POA inc equip

ALF SANDERSON DELON CHEUNG 604-691-6646

604-691-6654

alf@naicommercial .ca

delon@naicommercial .ca

COQUITLAM WAREHOUSE

NEW WEST OFFICE/RETAIL

s &RASER 2IVER FRONTAGE s SF s

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

SURREY CITY CENTRE

BBY/NEW WEST/COQUITLAM

s SF BUILDING s /Fl CE 2ETAIL s

s /Fl CE 2ETAIL FOR LEASE s SF s 6ARIOUS ,OCATIONS

BILL HAMILTON 604-351-4400 bill@naicommercial.ca

MULTI PURPOSE + RETAIL OFFICE

BURNABY

LEASE

ALE/ FOR S

-ULTI TENANT MAIN m OOR WITH FT CEILINGS / ( GRADE LOADING BEHIND X LOT WITH FENCED PARKING FROM LANE (IGH EXPOSURE # ZONE SF RENTABLE SF NET FOR LEASE ASK $2,488,000

DON ELLIS 778-834-5300 donellis@naicommercial.ca

FINALLY AVAILABLE Langley’s Jeske Corporate Centre ASKING $1,798,000 s 4HE ONLY UNIT AVAILABLE IN THIS SOUGHT AFTER 3/,$ /54 PROFESSIONAL CENTRE s 4ROPHY SUITE DEVELOPERS OWN TOP m OOR WITH EAST SOUTH VIEWS s 1UALITY IMPROVEMENTS WITH EXECUTIVE OFl CES RECEPTION BOARDROOM LUNCHROOM AND OPEN CUBICAL AREA s SQ FT s 6ACANT AND READY FOR YOUR OCCUPANCY INVESTMENT ASKING $3,600,000 NOI $240,000 6.6% Cap s (EAD LEASE WITH SUBLEASE TENANTS s "ALANCE OF YEAR TERM DUE FOR RENEWAL RENEWALS AVAILABLE s 4ENANT PAYS ALL COSTS s !CRES s 3URREY ,OCATION FOR SALE LANGLEY FRASER HIGHWAY FRONTAGE COMMERCIAL STRATA UNITS 2 TO CHOOSE FROM s SQ FT READY FOR YOUR IMPROVEMENTS s (6!# AND SPRINKLERS TO AN OPEN PLAN s !3+).' UNDER CONTRACT s SQ FT s )NCOME FROM CURRENT LEASE UNTIL s ASKING $749,000 BRAND NEW OFFICE STRATA PRICE REDUCED NOW $519,900 s ( (WY 3URREY s SQ FT s 2EADY .OW s RD m OOR SOUTH FACING WITH FULL GLASS WALL s /NLY BUILDING IN THE COMPLEX THAT WILL ALLOW MORTGAGE BROKERS l NANCIAL PLANNERS ETC 99 PAD PHASED MANUFACTURED HOME PARK 100 MILE HOUSE AREA ASKING $650,000 s ,AKE !CCESS AND VIEW s "RAND .EW n .O INCOME n st PHASE READY FOR OCCUPANCY s ACRES PADS IN PHASES s st PHASE PADS COMPLETED WITH SEWER WATER AND NATURAL GAS s 3ERVICES TO BE EXTENDED FOR OTHER PHASES AS REQUIRED s 'RAVELLED ROADWAYS THROUGH OUT s 0ROFORMA ESTIMATES PAD RENTAL GROSS INCOME OF ANNUALLY ONE HOUR OPTICAL CENTRE ASKING $250,000 PLUS INV. s 7ELL ESTABLISHED YEAR HISTORY s #ONSISTENTLY PROl TABLE s /NLY HOUR SHOP IN THIS .ORTHERN #OMMUNITY s 3OLID BASE WITH GOOD GROWTH POTENTIAL s /WNER RETIRING AND WANTS IT SOLD

TED WEIBELZAHL 604-514-6825 or 1-800-890-9855 tedw@naicommercial.ca BEAUTY BOUTIQUE & ACCESSORIES (Vancouver) 6ERY WELL KNOWN CELEBRITY BOUTIQUE SPECIALIZES IN MAKEUP SKINCARE FASHION AND UNIQUE SOUGHT AFTER BRANDS !LSO OFFERS EXTENSIVE BEAUTY SERVICES INCLUDING PROFESSIONAL MAKEUP APPLICATIONS ,OCATED IN TRENDY NEIGHBORHOOD VISITED BY (OLLYWOOD STARS ............................ ......................................................Reduced $280,000 + inv FURNITURE AND CUSTOM BUILT ARTWORK & ACCESSORIES 6ANCOUVER #ANADIAN MADE UNIQUE AND UPSCALE HOME DÏCOR AND FURNISHINGS #ORNER LOCATION WITH PATIO AROUND AT VERY BUSY INTERSECTION 5NDERGROUND CUSTOMERS PARKING................... ................................................................Asking $280,000 + Inv.

EQUIPMENT RENTALS Metro Vancouver s ,ONG ESTABLISHED s 6ERY 0ROl TABLE s &ULLY MANAGED s MIL ANNUAL SALES $2.8mil EMPLOYMENT AGENCY Metro Vancouver s 4EMP 0ERM PLACEMENTS s %STABL YEARS OFFER s -ANAGEMENT IN PLACE s MIL ANNUAL SALES s 6ENDOR l NANCING AVAILABLE $319,000 ICE CREAM FRANCHISE Vancouver s %NGLISH "AY LOCATION s 3TATE OF THE ART FACILITY s #LASSIC OLD FASHIONED HOMEMADE ICE CREAMS s ANNUAL SALES Shares $459,000 DOLLAR STORE FRANCHISE &RASER 6ALLEY s 3INCE s (IGH EXPOSURE IN LARGE MALL OFFER s MIL ANNUAL SALES .............................. $358,000+Inv

Ted Stellakis 604-691-6692 stellakis@naicommercial.ca Mobile Home Park, Kamloops %XCELLENT LOC MIN DRIVE TO MAJOR MALLS 'ROSS 2EV #AP 2ATE OF Asking $1,725,000 Kamloops Largest Brew Pub/ Restaurant 2EV .ET 0ROl T $1,100,000 business, $2,900,000 business/ building Cranbrook RV & Mini Storage !CRES EXPANSION OPTIONS TO DOUBLE NUMBER OF UNITS 'ROSS 2EVENUE .ET Asking $1,750,000 Adult Group Home #AP 2ATE ,ONGTERM 'OVERNMENT #ONTRACTS Asking $2,399,000 42 Suite Apartment Bldg., Kamloops 'ROSS )NCOME #AP 2ATE Dawson Creek Mini Storage !CRES 'ROSS )NCOME Asking $1,500,000

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

COURT ORDERED SALES 397 Acre Development Site, Sechelt BC s :ONED #$ MIXED USE RESIDENTIAL COMMERCIAL RECREATIONAL s FEET OF WATERFRONT ON 0ORPOISE "AY $22,250,000 459.1 Acre Development Site, Cranbrook BC s :ONED #$ 5( 2 ALLOWING FOR LOW MEDIUM DENSITY RESIDENTIAL s 3URROUNDING 'ARY 0LAYER DESIGNED GOLF COURSE $22,300,000 0.82 Acre Light Industrial Site, Squamish BC s :ONED L ,IGHT )NDUSTRIAL Price: $450,000 116.53 Acre Development Site, Invermere BC s 4RIPLE :ONED 2 ! 3( VARIOUS USES Price: $1,499,000

BLUEBERRY FARM & NURSERY (Abbotsford) INDUSTRIAL & DEVELOPMENT SITES 3ITUATED ON PRIME -ATSQUI m ATS 4HIS WELL MAINTAINED FARM WITH NEW 43,560 sq.ft. Industrial Waterfront Site, New Westminster, BC SQ FT HOUSE OFFERS MATURE "LUECROP AND $UKE 3ET UP FOR MA s :ONED - (EAVY )NDUSTRIAL s &IVE CONTIGUOUS WATER LOTS CHINE PICK #OMPLETE DRIP IRRIGATION SYSTEM ........................$1.98Mil s FEET OF RIVERFRONT Price: $950,000 29.2 Acre Commercial/Industrial Development Site, Sechelt BC MOTEL PUB LIQUOR STORE (Vancouver s :ONED #$ "USINESS 0ARK #OMPREHENSIVE $EVELOPMENT ALLOWING Island) ,AKE FRONTAGE ROOM MOTEL OFl CE SEAT PUB FOR VARIOUS COMMERCIAL LIGHT INDUSTRIAL USES $3,950,000 SEAT RESTAURANT GAZEBO /N THE SIDE THERE IS BUSY LIQUOR 65 Acre Agricultural Resource Site, Sechelt BC STORE 4HIS HERITAGE STYLE MOTEL IS LOCATED HR FROM .ANAIMO • :ONED 22 2URAL :ONE ALLOWING FOR VARIOUS AGRICULTURAL OR 6ICTORIA 3UMMER ATTRACTS TOURISTS FOR CAMPING AND GARDEN NURSERY SINGLE FAMILY AND RECREATIONAL USES $1,200,000 l SHING 0ERFECT FAMILY BUSINESS ................................................$2.9Mil 18.4 Waterfront Development Site, Sechelt BC MECHANICAL SHOP (North Vancouver) SQ FT s :ONED 2 ALLOWING FOR SINGLE FAMILY HOME OCCUPATION USES BAYS LOTS OF EQUIPMENT 'OOD LEASE /WNER WILL CONSIDER PARTNER $1,100,000 s !PPROXIMATELY FEET OF WATERFRONT SHIP.............................................................$88,000 or best offers

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

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

Committed to Canada. Connected to the World.

A14 Lower Mainland BROADWAY AND OAK STREET OPPORTUNITY for Medical or Retail s !PPROX FT FRONTING "ROADWAY s /VER SQ FT s ,EASE MONTHLY

www.westerninvestor.com DECEMBER 2011WESTERN INVESTOR

ĂŠ ÂœĂŠÂŁĂŠ-Ă•L Interior Location $600000 a year sales. Panago Squamish $550000 a year sales.

HOME AND AUTOMOTIVE BUSINESS on private subdividable 4.5 acres. UĂŠ ÂœV>ĂŒi`ĂŠÂˆÂ˜ĂŠĂŒÂ…iĂŠ Ă€>ĂƒiÀÊ6>Â?Â?iĂž]ĂŠ ĂŠ £°xĂŠÂ…ÂœĂ•Ă€ĂƒĂŠvĂ€ÂœÂ“ĂŠ 6>˜VÂœĂ•Ă›iĂ€°

, - ĂŠ* << Vancouver Island 2 locations combined. fÂŁ]xxä]äää a year sales. Can be sold together or separate. ĂŠ ,, /- West Vancouver Sales growing! Owner nets $55000 a year.

UĂŠĂŽ]äääĂŠĂƒ¾°vĂŒ°ĂŠ{ĂŠ Li`Ă€ÂœÂœÂ“ĂŠÂ…ÂœÂ“i]ĂŠ ĂŠ ÂŁ]nääĂŠĂƒ¾°vĂŒ°ĂŠÂŤĂ€ÂœviĂƒĂƒÂˆÂœÂ˜>Â?ĂŠĂŠ >Ă•ĂŒÂœÂ“ÂœĂŒÂˆĂ›iĂŠĂƒÂ…ÂœÂŤĂŠ­Â…i>ĂŒi`ĂŠEĂŠÂˆÂ˜ĂƒĂ•Â?>ĂŒi`Ž°

/ ĂŠ -ĂŠ-/ / " Includes land and buildings. Asking fĂ“]x™™]äää°

Available immediately!

Be your own boss and enjoy the private setting!

Please contact:

GEORGE WINKLER A M E X (604) 731-4131 R E A L T Y

Ăˆä{‡ÇÓӇ{xnnĂŠUÊ£‡nnn‡Ó™n‡Ónә kjoel@sutton.com

Only $825,000 For more details call:

1-877-304-4644

Self Storage

FOR SALE!

• $5,300,000 • 499 UNITS • 62.5% CLIMATE CONTROLLED • STABILIZED FACILITY • RENTAL RATE UPSIDE • PEORIA, AZ (PHOENIX SUBMARKET)

Michelle Watson 480-326-9520 m.y.watson@hotmail.com

CHILLIWACK AVIATION PARK UNITS FOR SALE/RENT

Canadian Based Real Estate Firm Seeking QualiďŹ ed Investors For US Real Estate Offering Returns of 8-12%, Fully Secured.

Please Call 604-596-9933

GAS STATION WITH LAND & BUILDING $2.9 MIL FRASER VALLEY GAS STATION, C-STORE, LIQUOR STORE, PIZZA SHOP, 4 BDRM LIVING ACCOMMODATION UPSTAIRS (BUSINESS ONLY) PRICE: ONLY $219,000 OR BUSINESS W/LAND & BUILDING $1.65M 2 MORE GAS STATIONS WITH LAND AND BUILDING (FRASER VALLEY) $1.8 MIL EACH GAS STATION WITH LAND & BUILDING $2.69 MIL. OVER 1.5 MIL IN STORE SALES. GAS: OVER 3MIL LITRES. NEW TANK AND PUMP. EXCELLENT GROSS PROFITS AND NET INCOME. INDO-CANADIAN GROCERY STORE, FRESH PRODUCE, VIDEO AND RESTAURANT (BUSINESS ONLY) FRASER VALLEY. PRICE: $99,000 PIZZA BUSINESS – FRASER VALLEY $49,900

LIQUOR STORES, PUBS, HOTELS/MOTELS HURRY! NANAIMO PUB & LIQUOR STORE $1,275,000 SHARE SALE. Vendor will consider trades & partial ďŹ nancing. NANAIMO ROAD HOUSE & LIQUOR STORE – $1,050,000 2½ acres. Land & buildings. Asset sale. Includes 2 suites. PRICED TO SELL VENDOR FINANCING 0.A.C. MAPLE RIDGE PUB & LIQUOR STORE $4.2 MILLION, NETS OVER $700,000. WILL SELL SEPARATELY. *OFFER IN PROGRESS* NEW WESTMINSTER PUB & LIQUOR STORE $2,950,000 (SHARE SALE). SURREY PUB & LIQUOR STORE – Money maker. $2,000,000 SHARE SALE.

Hurry!

QUEENSBOROUGH DEVELOPMENT PROPERTY – Cleared land, approx 34,000 sq ft – zoned commercial/residential. 3 PROPERTIES - $1,600,000 PUB IN BUSY SHOPPING CENTRE - PRICED BELOW REPLACEMENT COST. GREAT TERMS. QUICK POSSESSION. VANCOUVER ISLAND PUB & LIQUOR STORE GROSSING $3.6 MILLION. ASKING $1,900,000 FOR SHARES. NEIGHBOURHOOD LIQUOR STORES - PUBS - HOTELS - RESTAURANTS IF WE DON’T HAVE IT LISTED WE WILL FIND IT FOR YOU! MANY NEIGHBORHOOD PUBS IN ALL PRICE RANGES NOW AVAILABLE.

MORE DETAILS CALL:

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

FOR INFORMATION CALL: 793-5938

BARRY BOCK / DON KAYTOR Phone GLENAYRE REALTY

HOMELIFE BENCHMARK TITUS REALTY

604-575-5262

Phone

604-599-9287

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

www.homelifebc.com

Attention

HOMELIFE

Agents:

REACH QUALIFIED BUYERS FOR YOUR LISTINGS call Gary

Takahashi

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

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

A15

WESTERN INVESTOR DECEMBER 2011 www.westerninvestor.com

REGIONAL ROUNDUP Chilliwack wins praise from developers – and families seeking affordable houses

WESTERN INVESTOR hen the Vancouver-based Commercial Real Estate Development Association (NAIOP) named Chilliwack as the “most improved” municipal district in the Lower Mainland for its industrial strategy this year, it likely came as no surprise to those who have worked with the eastern Fraser Valley community.

8

Chilliwack took the honours, shared with North Vancouver City, for recording an overall drop of 6 per cent in total municipal development costs compared with when a similar industrial survey was taken in 2009. Based on the re-zoning and development of a theoretical 100,000-square-foot warehouse on a 5.5-acre site, NAIOP found that the development cost charges (DCCs) in the City of Chilliwack worked out to $1.91 per square foot. This compares with $2.54 per square foot in nearby Abbotsford, and more than $4 per square foot in Surrey. The bottom line, when all fees and costs are tallied, is that it would cost about $270,000 to build the 100,000-square-foot warehouse in Chilliwack, or about $100,000 to $200,000 less in larger Fraser Valley communities. In relative terms, Chilliwack is also speedier on municipal approvals, taking 90 days from application to permit approval in the NAIOP survey, tied with Abbotsford as the quickest in the Lower Mainland. What the survey didn’t show, but which no doubt attracts the attention of developers, is that an acre of serviced industrial land in Chilliwack starts at around $550,000 per acre,

almost exactly half the price across Metro Vancouver. Also, unlike many municipalities in the Lower Mainland, Chilliwack has industrial land to spare, with five business parks developed over the past six years, totalling more than 300 acres. Today, about 350 industrial businesses occupy more than 1.5 million square feet of Chilliwack industrial space, with lease rates in the range of $5 per square foot to $8 per square foot, according to Chilliwack Economic Partners, which works with the district in (TOP) Canada Lands’ attracting new business. Garrison Crossing retail The reason for the industrial growth is being and residential developspurred by a number of highway improvements ment remains on track in which – in the future – will make Chilliwack Chlliwack. (RIGHT) New easily accessible from the ports in Delta, the three-bedroom houses U.S. border and downtown Vancouver. These for less than $475,000, include the Golden Ears Bridge across the such as these at Higginson Fraser River, the improved Port Mann Bridge Gardens, have put and a new industrial-friendly freeway linking Chilliwack on the radar for Delta and the U.S. border to the Trans Canada home buyers. Highway, which runs right by Chillliwack’s front door. Today, the University of the Fraser Valley, MTI Community College, the RCMP Pacific Region Training Centre, theJustice Institute of %JWFSTJGJFE The opening of Kal Tire’s 230,000-square-foot BC and the Canada Border Services Agency, tire plant and distribution centre in Chilliwack plus construction and retail employment, buoy five years ago on a 16-acre site – the largest Chilliwack’s diversified economy. tire depot in Western Canada – is an indicaRetail remains a big play in Chilliwack, tion that Chilliwack is on the industrial radar. despite a recent downturn. An 80,000-squareRecently, Soprema, a major manufacturer of foot retail village component atCanada Lands’ roofing materials, began a multimillion-dollar Garisson Crossing development is anchored by expansion of its existing Chilliwack plant by Coopers Food, which held its official opening starting construction of a second production this year. The new project still has dark storefacility. fronts, however, a reminder that the city is not It shows how this city of 82,000 people has immune to the global downturn. With just 1.7 per cent of B.C.’s population, branched out its economy from its agricultural roots. Chilliwack accounts for 2 per cent of total

Photo: Cam Van Klei / HomeLife Glenayre Realty

WI STAFF

Photo: Canada Lands

#VDLJOH UIF USFOE

provincial consumer spending, according to Chilliwack Economic Partners. This year, consumers are forecast to spend $1.08 billion in the community, and the retail sector employs more than 7,300 people, about one-quarter of the Chilliwack workforce.

)PVTJOH

It is housing, however, where Chilliwack is grabbing attention from families trying to find a single-detached house that costs less than a million dollars, which happens to be the average house price in Greater Vancouver. The typical house with a nice yard in Chilliwack costs $350,000, according to the

Please see Low cost page A16

-PXFS .BJOMBOE JERRY RACZKOWSKI 780-932-2121 jrcoach@telus.net RE/MAX REAL ESTATE

ROB REGAN 780-490-9324 ar_ar@shaw.ca 10510 121 St., T5N 1L4 Edmonton, AB

www.AlbertaInvestorGroup.com Beijing, Chinghai, Tianjin, China Investments Real Estate Shows UÊÊ Ã > *>V wÊVÊ >ÀÊ

For over 30 years Real Estate Weekly has been your expert source for local real estate. Now with the relaunch of our new website, REW.ca is the most comprehensive local real estate resource online. We go beyond the listings to offer a complete consumer guide to real estate including neighbourhood information, school data, local news, walk scores and more. Visit www.rew.ca today to complete your local search.

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MARKET YOUR REAL ESTATE PROJECTS TO CHINESE INVESTORS WANTED: APARTMENT BUILDINGS AND MULTI-FAMILY SITES IN BC & ALBERTA

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

A16 Lower Mainland

www.westerninvestor.com DECEMBER 2011WESTERN INVESTOR

-08 $045 from A15

SQUAMISH, BC

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

Chilliwack and District Real Estate Board. And sales are inching up, with September sales this year at 156 units, up from 137 in the same month last year. “We expect to see the modest growth continue,� said board president Mark Andersen, noting that with nearly 2,000 homes for sale in Chilliwack “there are many good opportunities for buyers.� Andersen said local realtors have seen an increase in buyers from Metro Vancouver recently because “the purchasing dollar goes so much further� in Chilliwack. Even a “house with acreage� in Chilliwack sells for an average price of less than $520,000, which may convince some to give up a similarly priced small condominium in Vancouver. Corney Les, a veteran realtor with Re/Max Nyda in Chilliwack, said that despite the low

prices the housing market remains slow, especially in the new-home market. According to Canada Mortgage and Housing Corp. starts of single-detached houses in Chilliwack have plunged 43.8 per cent this year: This is the biggest decline in the Lower Mainland, and pushed Chilliwack house starts down to just 182 units in the first eight months of 2011. Multi-family starts, nearly all condo apartments or townhouses, fared even worse, posting a 64 per cent drop to just 122 homes. This despite the fact that new-home prices in Chilliwack appear to be at rock bottom relative to Greater Vancouver, 90 minutes away. For instance, Higginson Gardens, a new development, offers three-bedroom townhouses from $294,000 and brand-new three-bedroom detached houses for less than $475,000. And new-home buyers can find even better

deals than that, Les said. “Some builders have cut prices on new detached houses to $369,000,� he said, adding that buyers can find new 1,500-square-foot townhouses for $225,000. “ A lot of new prod uct is on hold until things improve.� Les added that ongoing construction on the Trans Canada Highway, expected to last another two years, has “really hurt business here in Chilliwack.�

)JTUPSZ

Transportation has always been important. Chilliwack was first settled by gold seekers in 1857 and within a year 30,000 miners were travelling through the area. Some planted farms, and the seed for what would become the third oldest municipality in B.C. TheTownship of Chilliwack was established in 1873 along the banks of the Fraser River.â—†

2VJDL GBDUT Hope

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

Coquitlam

7

3

Maple Ridge

$IJMMJXBDL # $

Kent

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

Population 82,000 Average detached house price $325,000 Total housing starts (Jan.-Oct. ‘11) 304 Industrial land, per acre $550,000

VANCOUVER

âœŞ

Mission

Surrey

CHILLIWACK

1

Langley

11

Sean Brawley 604-849-0500

âœŞ ABBOTSFORD U.S.A.

Macdonald Commercial Real Estate Services Ltd. VANCOUVER PROPERTIES | CHRIS MIDMORE & DAVE WATT

VANCOUVER PROPERTIES | BOB SCRAGG FOR SALE: APARTMENT BUILDING

FOR SALE: DEVELOPMENT SITE

FOR SALE: WAREHOUSE/SHOWROOM/OFFICE 1275 W. 75 th Ave, Vancouver •

3075 Willow, Vancouver

3075 WILLOW, VANCOUVER:

•

8 units 17 years old Apartment f or Blg. s r • Elevator /11 underground e u y ing s.parking b e • 2 Bdr units (avg. 1,000 ild yosq.urft.s?each) havr&b1uBlk. l l i • 3 Blks to VGH St ot he sellto Shaughnessy e 2-storey twnhse • Ground floor w units, with outside an entrance C • Fireplaces in all units/In-suite laundry • Most units incl. 2 bath & hardwood • List Price: $3.85M

FOR SALE: WAREHOUSE/SHOWROOM/OFFICE

•

1275 W. 75th AVE, VANCOUVER:

Warehouse/Showroom/Office • ½ acre industrial land next Author Liang Bridge • 16,000 sq. ft. freestanding warehouse/offices • Partly or fully leased with 5,500 sq. ft. warehouse & 1,300 sq. ft. office currently available for owner/user or tenanted •

List Price: $3.6M

•

8369 RIVER WAY, VANCOUVER:

•

• •

CONTACT: BOB SCRAGG | 604.290.2906

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

Mixed use Development Site 12, 815 sq. ft. corner property

•

C-2 zoned

•

Holding income from 2 tenancies

•

List Price: $3,350,000 CHRIS MIDMORE DAVE WATT

Land, building & business for sale. Approx. 10 acres in ALR. • List Price: $1,699,000 REDUCED: $1,650,000 GARY KHAN | 604.714.4799 •

FOR SALE: LITTLE MOUNTAIN CHILLIWACK - 59 Lot Subdivision | GARY KHAN • •

59 lot subdivision / Little Mountain Chilliwack List Price: $4.5M CONTACT: GARY KHAN | 604.714.4799

FREE STANDING BUILDING/ FULLY LEASED

376 Seats licence seldom available / Price: $750,000 REDUCED: $600,000 CONTACT: JOHN SULLIVAN | jsullivan@macrealty.com

3355-3357 KINGSWAY, VANCOUVER:

•

2 tenant, 1800 sq. ft. building

•

List Price: $979,000

Prime Retail Location

•

• •

6602-6606 MAIN ST, VANCOUVER:

Medical anchored/fully leased/free standing building /35’ x 110’ lot Easy to maintain with long term tenants in place 4 Commercial Units on main floor/ 4 Residential Units on second floor

• List Price: $2,650,000 CONTACT: MIKE GREWAL PREC | 604.590.2444

FOR SALE: CAMPBELL HEIGHTS | CHRIS MIDMORE, BRIAN BARBER, MATT NUGENT •

20 Acres designated Business Park. Excellent access/egress to and from all parts of Metro Vancouver & close to amenities. / List Price: $10,880,000

CONTACT: CHRIS MIDMORE/ BRIAN BARBER/ MATT NUGENT | 604.736.5611

COURT ORDERED SALES | BRIAN TATTRIE & GARY KHAN • •

2 retail strata units, Langley: $499,000 REDUCED: $469,000 Office Building, New Westminster: $1,250,000 REDUCED: $1,200,000 CONTACT: BRIAN TATTRIE - 604.714.4783 | GARY KHAN - 604.714.4799

FOR SALE: KITSILANO INVESTMENT | ERIC POON • 2 commercial units & 2 residential units / 3,342 sq. ft./ C-2 zoned site •

List Price: $1.7M

CONTACT: ERIC POON | 604.736.5611

FOR SALE / LEASE: CAMPBELL HEIGHTS - Warehouse /fice Of | STUART WRIGHT 3,892 sq. ft. / End corner location with excellent access, exposure and views High quality office and warehouse improvements • List Price: $669,900 / Lease Rate: $8.75 per sq. ft. CONTACT: STUART WRIGHT | 604.736.5611 | swright@macrealty.com • •

FOR SALE: NIGHT CLUB LIQUOR PRIMARY LICENCE | JOHN SULLIVAN •

604.714.4786 604.714.4775

•

FOR SALE: MAIN STREET INVESTMENT OPPORTUNITY | MIKE GREWAL PREC

CONTACT: ERIC POON / KELVIN LUK | 604.736.5611

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

1600 + 1654 KINGSWAY, VAN:

•

Warehouse/Showroom/Office ½ acre, upper office 1,000 sq. ft. main office/showroom 1,500 sq. ft. warehouse 6,000 sq. ft. Easy access to New South Fraser Perimeter road & HWY 99 List Price: $1,350,000

FOR SALE: RETAIL INVESTMENT

FOR SALE: DOWNTOWN NIGHT CLUB | JOHN SULLIVAN • •

397 Seats - established over 20 years. Excellent Long Term Lease List Price: $750,000 CONTACT: JOHN SULLIVAN |604.714.4773

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

Lower Mainland A17

WESTERN INVESTOR DECEMBER 2011 www.westerninvestor.com

t

FOR SALE PORT COQUITLAM 4 LOTS APPROVED FOR SUBDIVISON

$1,395,000

Fraser Valley Mobile Home Parks s 42 pad MHP ON ACRES WITH 26 PARKING SITES AND HOME ON CITY SERVICES IN -APLE 2IDGE !SKING PRICE $4,000,000 0RESENT CAP RATE OF APPROX WITH UPSIDE TO s 31 pad MHP ON ACRES WITH HOMES 26 PARKING !SKING $1,295,000 0RESENT CAP RATE OF WITH UPSIDE POSSIBILITY OF SALE PENDING Terrace PAD -(0 PLUS THREE HOMES ON ACRES PLUS TWO LOTS !SKING 2.2M SOLD SOLD Commercial Building – Lougheed Hwy Deroche %8#%,,%.4 (79 %80/352% !CRE CORNER LOT (IGHWAY FRONTAGE ZONED #OMMERCIAL S F METAL CLAD BUILDING WITH LARGE BAY DOORS AND HIGH CEILINGS PLUS SMALL MEZZANINE 02)#%$ 4/ 3%,, !SKING $295,000

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

LANGLEY

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

604-626-8894

UĂŠ ÂœĂ€Â“iÀÊ ÂˆĂƒÂ…ĂŠ >À“ UĂŠĂŠ"˜Â?ÞÊxĂŠÂ“ÂˆÂ˜ĂŠvĂ€ÂœÂ“ĂŠ ÂœĂœÂ˜ĂŒÂœĂœÂ˜ĂŠ ÂˆĂƒĂƒÂˆÂœÂ˜]ĂŠ ° ° UĂŠ ÂœĂŒĂŠÂˆÂ˜ĂŠ ,ʇÊ"Â˜ĂŠ ÂˆĂŒĂžĂŠ7>ĂŒiĂ€ UĂŠÂŁĂ“Ă“nĂŠĂƒĂ‰vĂŠĂ“ĂŠLi`Ă€ÂœÂœÂ“ĂŠÂŤÂ?Ă•ĂƒĂŠ`iÂ˜ĂŠ œ“iĂŠ UĂŠĂŠ<œ˜ˆ˜}ĂŠ,1ÂŁĂˆĂŠÂ‡ĂŠ Â?Â?ÂœĂœĂƒĂŠvÂœĂ€\ĂŠ i`ĂŠEĂŠ Ă€i>ÂŽv>ĂƒĂŒ]ĂŠ Ă€iiÂ˜Â…ÂœĂ•Ăƒi]ĂŠ,iĂƒÂˆ`iÂ˜ĂŒÂˆ>Â?ĂŠ ÂœĂ€`iĂ€ÂˆÂ˜}ĂŠÂœĂ€ĂŠ >Ă€i]ĂŠ i˜iĂ€>Â?ĂŠ }Ă€ÂˆVĂ•Â?ĂŒĂ•Ă€iĂŠÂœĂ€ĂŠ œ“iĂŠ"VVĂ•ÂŤ>ĂŒÂˆÂœÂ˜°

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

NEW PRICE

$724,900

For more Information please visit

Bill Summers Direct Line:

3 PONDS ON 14 PARK-LIKE ACRES

www.KafkaRealEstateTeam.com

Email: bsummers@telus.net

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

FLEETWOOD

Call Today For Your Management Proposal!!

4 LARGE LOT SUBDIVISION

Property Management

$1,599,000

MAPLE RIDGE

16 ACRES + LARGE HOME

7 7

$2,100,000

Please visit our website or call for more details.

monarkinvestments.ca

604-592-7250

Financing Available. Potential Trades.

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

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

g-yamada@shaw.ca

COMMERCIAL AND RESIDENTIAL REAL ESTATE SINCE 1989

BUSINESSES FOR SALE GOURMET MEAT SHOP $139K UĂŠĂŠ ĂƒĂŒ>LÂ?ÂˆĂƒÂ…i`ĂŠÂŁĂ“ĂŠĂži>Ă€Ăƒ°ĂŠ-Ă•ÂŤiĂ€ĂŠĂŒĂ•Ă€Â˜ĂŠÂŽiÞÊLĂ•ĂƒÂˆÂ˜iĂƒĂƒ UĂŠ Ă€i>ĂŒiÀÊ6>˜VÂœĂ•Ă›iÀÊ>Ă€i>‡Ê}Ă€i>ĂŒĂŠÂ?ÂœV>ĂŒÂˆÂœÂ˜ĂŠ UĂŠ6iÀÞÊÂ?ÂˆĂŒĂŒÂ?iĂŠVÂœÂ“ÂŤiĂŒÂˆĂŒÂˆÂœÂ˜ĂŠĂ‰ĂŠ ˜vÂœĂŠ*ÂŽ}°ĂŠ>Ă›>ˆÂ?>LÂ?i UÊÎÊÞÀÊ>Ă›iĂ€>}iĂŠ->Â?iĂƒĂŠfx{Ç ÊÉÊÎÊÞÀÊ>Ă›iĂ€>}iĂŠ iĂŒĂŠf™Î UĂŠ Â˜Ă›iÂ˜ĂŒÂœĂ€ĂžĂŠÂ˜ÂœĂŒĂŠÂˆÂ˜VÂ?Ă•`i`ĂŠ­>ÂŤÂŤĂ€ÂœĂ?°ĂŠfĂ“ä ÂŽ GREEK MEDITERRANEAN RESTAURANT $400K UĂŠ->Â?iĂƒĂŠfÂŁ ÊÉÊÎÊÞi>Ă€ĂƒĂŠĂ‰ĂŠ ˆ˜ˆ˜}ĂŠEĂŠ/>ÂŽi‡"Ă•ĂŒ UĂŠ Ă€i>ĂŒiÀÊ6>˜VÂœĂ•Ă›iĂ€ĂŠĂ‰ĂŠÂ™ĂŽĂŠĂƒi>ĂŒĂƒĂŠĂ‰ĂŠ ˆ¾°ĂŠ ˆVi˜Vi UĂŠ iĂŒĂŠfĂ“xä ĂŠĂ‰ĂŠĂœÂˆÂ?Â?ĂŠÂ?ÂœÂœÂŽĂŠ>ĂŒĂŠĂ€i>Â?ĂŠiĂƒĂŒ>ĂŒiĂŠĂŒĂ€>`iĂŠ NEW!! VETERINARY MEDICAL / SURGICAL INSTRUMENT SUPPLIER $350K UĂŠ ĂƒĂŒ°£Ă“ĂŠĂži>Ă€ĂƒĂŠĂ‰ĂŠĂƒÂœÂ?ˆ`ĂŠVÂ?ˆiÂ˜ĂŒĂŠL>ĂƒiÊÉʍÂ?Ă•ĂƒĂŠ Â˜Ă›iÂ˜ĂŒÂœĂ€Ăž UĂŠ LĂƒiÂ˜ĂŒiiĂŠÂœĂœÂ˜iĂ€ĂŠĂ‰ĂŠĂ“ĂŠĂƒĂŒ>vvÊÉÊÂ?ÂœĂœĂŠÂœĂ›iÀ…i>` UĂŠ7iLĂŠĂƒÂˆĂŒi]ĂŠ ÂœÂ“ÂŤ>Â˜ĂžĂŠ Ă€>˜`ĂŠÂˆÂ˜ĂƒĂŒĂ€Ă•Â“iÂ˜ĂŒĂƒ UĂŠ{ĂŠ9i>ÀÊ Ă›iĂ€>}iĂŠ `Â?Ă•ĂƒĂŒi`ĂŠ iĂŒĂŠfÂŁĂ“Ă“ ÉÞi>Ă€ UĂŠ Ă?ViÂ?Â?iÂ˜ĂŒĂŠĂ•ÂŤĂƒÂˆ`iĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠĂ‰ĂŠÂ˜ÂˆVÂ…iĂŠÂˆÂ˜`Ă•ĂƒĂŒĂ€ĂžĂŠ NEW!! CURVES FITNESS CENTER $39K UĂŠ Ă€i>ĂŒiÀÊ6>˜VÂœĂ•Ă›iÀÊ>Ă€i>ÊÉÊ ĂƒĂŒ°ĂŠ£äĂŠĂži>Ă€ĂƒĂŠ UĂŠ LĂƒiÂ˜ĂŒiiĂŠÂœĂœÂ˜iÀÊÉÊ iĂŒĂŠfĂŽx ĂŠĂŒÂœĂŠÂœĂœÂ˜iĂ€ĂŠÂœÂŤiĂ€>ĂŒÂœĂ€ UĂŠ œœ`ĂŠĂ•ÂŤĂƒÂˆ`iĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠ NEW!! MEDITERRANEAN PITA/PIZZA $69K UĂŠ ĂƒĂŒ°ĂŠĂŽĂŠĂži>Ă€ĂƒĂŠĂ‰ĂŠ iĂœĂŠ7iĂƒĂŒĂŠĂ‰ĂŠ}œœ`ĂŠiĂ?ÂŤÂœĂƒĂ•Ă€iĂŠ UĂŠ ÂľĂ•Âˆ°ĂŠEĂŠ Â“ÂŤĂ€ÂœĂ›i“iÂ˜ĂŒĂƒĂŠÂ‡ĂŠÂœĂ›iÀÊfÂŁĂ“x UĂŠ ii`ĂƒĂŠÂ˜iĂœĂŠĂ›iÂ˜Ă•iĂŠi°}°ĂŠ Ă€iiÂŽĂŠi>ĂŒiĂ€ĂžĂ‰ĂŒ>ÂŽiÂ‡ÂœĂ•ĂŒ UĂŠ ÂˆÂľĂ•ÂœĂ€ĂŠ ˆVi˜ViÊÉÊ Âœ>`ĂƒĂŠÂœvĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â? NEW!! WOMAN’S LINGERIE SHOP $25K UĂŠ ĂƒĂŒ>LÂ?ÂˆĂƒÂ…i`ĂŠÂŁnĂŠĂžĂ€Ăƒ]ĂŠ£äĂŠĂžĂ€ĂƒĂŠÂˆÂ˜ĂŠĂŒÂ…iĂŠĂƒ>“iĂŠÂ?ÂœV>ĂŒÂˆÂœÂ˜ UĂŠ Ă?ViÂ?Â?iÂ˜ĂŒĂŠĂƒĂŒĂ€iiĂŒĂŠĂ›ÂˆĂƒÂˆLˆÂ?ÂˆĂŒĂžĂŠĂ‰ĂŠĂŠ ÂœĂŠ-ĂŒ>vv UĂŠ Ă›iĂ€>}iĂŠÂˆÂ˜Vœ“iĂŠĂŒÂœĂŠÂœĂœÂ˜iÀÊfĂŽxĂŠĂŒÂœĂŠf{ä UĂŠ Â˜Ă›iÂ˜ĂŒÂœĂ€ĂžĂŠÂ˜ÂœĂŒĂŠÂˆÂ˜VÂ?Ă•`i`ĂŠq>ÂŤÂŤĂ€ÂœĂ?°ĂŠfĂŽä

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

Wishing everybody Season's Greetings and a prosperous New Year !!

VANCOUVER DEV. SITES Ready for your thoughts; res., comm., and retail. Great locations. LANGLEY RES. DEV. SITES For townhouses and condos. SHORT TERM HOLDS Surrey & Langley. Good acreages. Near freeway. NEED QualiďŹ ed apartment building buyer; Lower Mainland.

RAY LEWIS

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

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

GLENN YAMADA

COMMERCIAL BUILDING A-1 maintenance, approx. 6 cap Fully leased. $1,350,000

Multi-use Light Industrial Property

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

Ideal Commercial Building Site

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

In-Town Oceanfront Industrial Property

604-812-9733

West Coast Realty LANGLEY

USA Investments I pay referrals to Canadian agents

The time to buy Multi-Family is now. Here’s why: The banks are lending – Interest rates are low and banks are aggressively lending money for apartment buildings. Vacancy rates are low – The US housing crisis has led to people losing their homes and needing to rent. There is no end in sight to this. Multi-Family is easy – With a good manager in place, all you need to do is collect your money. I speak Chinese and I can help with any translation issues

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

Please call me at ĂŽĂˆäÂ‡Â™ĂˆÂŁÂ‡Ă“ĂˆĂ‡ÂŁĂŠĂŠUĂŠĂŠor email starrpro@msn.com

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

FRASER VALLEY ABBOTSFORD

MagniďŹ cent Waterfront Acreage

Incredible Location!

Patrick Starr John L. Scott Real Estate

P E R F E C T R E T R E AT

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

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

Ideal Agri-Business Opportunity

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

Great Investment Property

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

Aroma's Gourmet Coffee & Lunch

Well established; steady clientele. Leased space in active business complex; Across from Airport. Financials available. $54,900

-Ă F110835 $1,095,000 1 Hour From Vancouver - 4575 Udy Road ˜VĂ€i`ˆLÂ?itĂŠ Ă•ĂƒĂŒÂœÂ“ĂŠ Â?Âœ}ĂŠ …œ“iĂŠ UĂŠ /ÂœĂŒ>Â?Â?ÞÊ ÂŤĂ€ÂˆĂ›>ĂŒiĂŠ {°Â™ĂŠ>VĂ€iĂƒĂŠUĂŠ"Ă›iĂ€ĂŠĂˆ]{ääĂŠĂƒ¾°ĂŠvĂŒ°ĂŠ Ă•}iĂŠĂ€ÂœÂœÂ“ĂƒĂŠUĂŠ ˆ}Â…ĂŠ Ă›>Ă•Â?ĂŒi`ĂŠViˆÂ?ˆ˜}Ăƒ]ĂŠÂ?Âœ}ĂŠĂƒĂŒ>ÂˆĂ€V>ĂƒiĂƒĂŠUĂŠĂ“ä¿ĂŠĂ?ĂŠĂŽä¿ĂŠ}>Ă€>}i°ĂŠ Ă“x¿Ê Ă?ĂŠ {x¿Ê ĂœÂœĂ€ÂŽĂƒÂ…ÂœÂŤĂŠ UĂŠ >Â˜ĂžĂŠ Â“ÂœĂ€iĂŠ vi>ĂŒĂ•Ă€iĂƒ°ĂŠ UĂŠ iÂ?ÂœĂœĂŠĂ€iÂŤÂ?>Vi“iÂ˜ĂŒĂŠVÂœĂƒĂŒ

PRIME BUILDING SITE

Your Dollar Store with More

Be your own boss with this proďŹ table turn-key business. Busy, bright & clean 6000 sqft lease space. Great exposure in high trafďŹ c area. $149,900

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

SENIOR'S DEVELOPMENT SITE SALE: $2,480,000 Foundation in place, tendered plans, permits, ready to complete. 88 units.

NEW WEST/BURNABY MIXED DEVELOPMENT 39 Apartment Units, 7 Townhouse Units $2.69 Million. OCP & Area approved plan.

-Ă F1126080 $1,490,000 Lt 3 McCallum Road *ÂœÂŤĂ•Â?>Àʸ Ă•Â˜ĂŒÂˆÂ˜}ĂŒÂœÂ˜ĂŠ Ă€i>¸ĂŠUĂŠ*Ă€ÂˆÂ“iĂŠÂŁxĂŠ>VĂ€iĂŠÂŤ>Ă€ViÂ?ĂŠ UĂŠ iÂ˜ĂŒÂ?iĂŠĂ€ÂœÂ?Â?ˆ˜}ĂŠ}Ă€>∘}ĂŠÂ?>˜`ĂŠUĂŠ7>ĂŒiÀÊEĂŠÂ˜>ĂŒĂ•Ă€>Â?ĂŠ}>ĂƒĂŠ >ĂŒĂŠĂ€Âœ>`ĂƒÂˆ`iĂŠUĂŠ6ˆiĂœĂƒĂŠÂœvĂŠ ĂŒ°ĂŠ >ÂŽiÀÊEĂŠ ĂŒ°ĂŠ Â…i>“

RICK EDEN Landmark/ Rick Eden AGENCIES

604-854-4888 redden@uniserve.com www.rickeen.com

30 ACRES Residential Mountain Top 20 Estate Homes - $5.5M Your specialist in PRIME income-generating and redevelopment opportunities:

A18 Lower Mainland/Sea to Sky/Sunshine Coast

OFFICE S PA C E

-0/( 5&3. */7&45.&/5 '03 4"-& This property is located in the Fraser Valley and has 2 Triple “A� National Tenants on Long Term Lease. The Main tenant is a Farm Equipment Dealership and the 2nd is a Mini Storage Co. Both have been there for the past few years and planning to stay there for a long time.

FOR LEASE Only $6.95 / sq. ft.! 1960 square feet. Second oor fully air conditioned ofďŹ ce space for lease in nicely updated building fronting Bridgeport Road, Richmond, with great exposure next to IKEA. Lots of glass with mountain views. Good parking. Great value! Move right in!

DECEMBER 2011 WESTERN INVESTOR

SQUAMISH 98 Unit Ocean Front Development Site

Call for more info

I-1 Revenue Property 0.55 Acre, tenants

$1.19 Mil

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

$699k

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

Spring 2011

$67K Potential net income $869K

BEN GAUER

5P WJFX $BMM 3BF 'PSFTU

Ben Gauer & Assoc.

604-581-3838 604-644-0273

APARTMENT OPPORTUNITIES 15 SUITES, NAIT - $105K/un it

15 SUITES, Downtown - $95 K/unit 20 SUITES Cromdale - $97 ,500/unit 20 SUITES Cromdale - $98 K/unit 22 SUITES, Downtown - $11 0K/unit 30 SUITES, Westend - $96,66 6/unit NEWER WAREHOUSE, 1455 sq. ft. - $369,000

Pam Gill

(780) 455-4088

Darren McCartney 604-892-4875 darren.mc@shaw.ca

RE/MAX Sea to Sky Real Estate Squamish

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

gillp@sutton.com

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

Macdonald Commercial Real Estate Services Ltd.

FOR SALE SURREY INDUSTRIAL STRATA UNITS

* * * *

Central location $275,000 each / 1,400 to 1,650 sq ft 3 units Total 4,100 sq ft

FOR SALE 102 ACRES PRINCE GEORGE * Designated - Residential & Commercial * Services available * Super investment * Gravel opportunity while holding * $3,000,000

BOB SCRAGG

PREC

|

604.290.2906

5%

CA

P

RA

TE

OCEANFRONT CONDO RECEIVERSHIP SQUAMISH, BC

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

$239,000

Ocean view 2 Bed Condos from:

$319,000

3 Bed Carriage Homes from

$335,000

bscragg@macrealty.com

marketing your franchise?

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

www.coastalvillageliving.com For more information contact Darren McCartney:

Call Christine at the

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

Sea to Sky Real Estate Squamish

604.892.4875

A19

WESTERN INVESTOR DECEMBER 2011 www.westerninvestor.com

can be actively avoided or managed to make grounds may assign different value to property sure that the deal doesn’t suffer. attributes. For example, landscaping isn’t valued the same way across the board, and some buyers $POUSBDUT While a contract is legally binding in place a tremendous amount of value on having Canada, buyers from outside of North America “in-lawâ€? suites. may take contracts and timelines more casuWhen negotiating across cultures, it may ally. be helpful to understand that certain attributes As a seller, you can ask your real estate agent of your home may make your home particuto proactively reach out to the buyer’s agent to larly attractive or unattractive. You may wish confirm that everyone is on the same page. to stage your home to appeal to certain ethnic buyers, or adjust your negotiation strategy mum net worth of $1.6 milaccordingly. /FHPUJBUJPO lion) can be found. So it’s no In some cultures, it’s common wonder that sellers and real business practice to start nego- -BOHVBHF estate agents alike are actively tiations with a “lowballâ€? offer Often buyers will use a broker who speaks the looking to market their homes and to negotiate very aggres- same language, but this doesn’t necessarily to this lucrative, emerging marsively throughout the process. mean that he or she is fluent in Canadian culket. Under these circumstances, ture or business practices. According to Statistics motivated sellers need to be For sellers, this means that their agent may Canada, seven out of 10 prepared to work through a need to do “double duty,â€? acting as cultural foreign-born residents choose lengthier negotiation process, translator between agents and the buyer. to live in Toronto, Metro one that may involve several In these situations it’s that much more imporVancouver or Montreal. It’s rounds of counter-offers before tant to be working with an agent with in-depth both parties arrive at an accept- experience in both local and foreign markets no surprise that cosmopolitan, able agreement. and with a solid understanding of how values multicultural Vancouver has ROSS McCREDIE attracted investors and newStay focused on tangible and trends vary from country to country. Despite the barriers, there are enormous comers from around the world for decades, goals – your target selling price, subjects and including the recent, “third waveâ€? of buyers close dates – and slowly move the negotiation opportunities to be had in conducting sales from mainland China who have ignited the in the right direction. with international buyers and investors who are real estate markets on the Vancouver westside, instrumental in supporting economic growth Richmond, Coquitlam and West Vancouver. 8IBU¤T JODMVEFE and stability in Canadian real estate markets. Good schools, a mild climate, a well-estab- JO UIF TBMF Working with an agent well versed in facililished Asian community and an immigration Some foreign buyers and real estate investors tating these transactions and having patience policy that is well-regarded has attracted many may implicitly assume that furniture, artwork and open-mindedness throughout the process to Vancouver’s real estate market while China and other personal artifacts are included in the can save you a big headache – and your new sofa, too.â—† tries to reign in property speculation at home. sale of a home. Increasingly, we’re seeing that today’s home Others will explicitly ask for these items in sellers understand the globalization of real their offer, without realizing that this is unusual Ross McCredie is president and chief execuestate markets and that foreign investment and and may negatively impact the chances of com- tive officer of Sotheby’s International Realty immigration play an important role in support- ing to an agreement. Canada, the country’s leading luxury real ing economic growth and stability. When you’re negotiating an offer with a estate brokerage. McCredie acquired the masbuyer who may not be familiar with Canadian ter franchise for Sotheby’s International Realty real estate norms it’s important to avoid misun- for Canada in 2004 and, in 2007, founde d $PNNPO QJUGBMMT Home sellers also need to understand that this derstanding by ensuring that your agent clearly Blueprint Global Marketing as the preferred means being educated and prepared to engage explains what is included in the real estate con- project marketing company for the Sotheby’s in cross-cultural negotiations with buyers. tract and to draw up contractual addendums for network worldwide. Sotheby’s International When dealing with negotiations between other items as needed. Realty Canada has offices in 18 major cities and buyers and sellers from different cultural and resort communities and markets high-end backgrounds, it’s not uncommon for our agents 7BMVF homes and real estate developments around to encounter a handful of potential pitfalls that Buyers and sellers of different cultural back- the world.

Don’t let foreign negotiating nuances – like lowball offers and wanting your new sofa – derail home sales

$VMUVSBM NJTDVFT

month after putting their home up for sale, John and Sarah of Vancouver were excited when their real estate agent called to let them know that they had received an offer.

"

Their excitement quickly turned to dismay, however, when they received the offer. Not only was it so far below their home’s appraised value that it was both insulting and financially impossible to consider, the real estate agent representing the buyers insisted that his clients, who had recently arrived from overseas and wanted a home that was “ready to go,� wanted that price to include all of the dining room, living room and bedroom furniture. Disillusioned but willing to negotiate, John and Sarah countered at a price that they considered fair market value. Frustrated by the back-and-forth negotiations that were taking weeks instead of days, and shocked that there didn’t seem to be any respect for their family’s personal possessions, John and Sarah eventually withdrew from negotiations. The potential buyers were genuinely surprised and disappointed that the negotiations, which they thought were moving along well, were stopped so suddenly. While this story is unfortunate, it isn’t unusual in today’s global real estate market. With a significant portion of Canadian luxury real estate sales driven by foreign investment and immigration, savvy Canadian sellers are shifting their efforts to target these international buyers. Nowhere is this trend stronger than in British Columbia, where, according to Cameron Muir, chief economist of the BC Real Estate Association, close to 55 per cent of Canada’s investor-class immigrants (those with a mini-

*..*(3"/5 */7&45034

7BODPVWFS *TMBOE

FORECLOSURE FOR SALE DIRECT FROM LENDER INCREDIBLE FINANCING TERMS AVAILABLE WATERFRONT TOFINO MOTEL 23 UNITS - SPLIT ZONING ON HIGHWAY AND ON THE WATERFRONT BLOWOUT PRICE $850,000 60 ACRE DEVELOPMENT SITE WITH INCREDIBLE TOFINO HARBOUR VIEWS PROPERTY LOCATED IN THE MUNICIPALITY OF TOFINO $4,500,000 20 ACRE SITE WITH HIGHWAY FRONTAGE AND TOFINO HARBOUR VIEWS LOCATED IN THE MUNICIPALITY OF TOFINO $1,800,000

THESE PROPERTIES MUST BE SOLD CONTACT DAVID BECKINGHAM 604-351-3662 or beckingham@shaw.ca

Become part of Canada’s top debt elimination franchise ...be a professional Debt Consultant with 4 Pillars Consulting Group ‡ 3RWHQWLDO WR HDUQ . . DQQXDO LQFRPH KHOSLQJ FOLHQWV WR DYRLG EDQNUXSWF\ DQG UHVWUXFWXUH WKHLU ¿QDQFHV ‡ 'HEW &RQVXOWDQW ORFDWLRQV VWLOO DYDLODEOH LQ 9LFWRULD LQ &RZLFKDQ 9DOOH\ LQ 1RUWK ,VODQG 3DUNVYLOOH 1RUWK 1DQDLPR DYDLODEOH LQ ‡ 7XUQNH\ EXVLQHVV ZLWK H[WHQVLYH WUDLQLQJ DQG RQJRLQJ VXSSRUW 'HEW &RQVXOWDQW SURJUDP OLFHQVLQJ WUDLQLQJ )HH

A20 Vancouver Island/Business Opportunities

DECEMBER 2011 WESTERN INVESTOR

8.5% Cap Rate Full Property Management Services (Residential and Commercial) including Facility Management Services in Victoria and Prince Rupert, B.C.

Contact Dale Schuss

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

www.randallnorth.ca MACHINE SHOP FOR SALE Vancouver Island • Turn Key Operation • Fully Equipped 3000 sq./ft Centrally located in the industrial area of Campbell River within a 5-min. drive to all suppliers, carriers and the downtown core. Building lease includes a 5 Ton Overhead Crane. Owner will consider financing.

Take control! $285,000.00 Gary Wessel - Daytime 250-286-1175 Evening 250-337-8950 www.crindustrialmachine.com

V ICTORIA Ocean Waterfront 101 acres $3,300,000 not in the ALR Located in Langford – the fastest growing area! Full details on

www.brokersales.ca

FOR SALE 33 x 3 bedroom town houses with 2 separate titles

TWO PRIME LOCATIONS WITH HUGE POTENTIAL AS CAREHOME OR CONDO SITES

Many upgrades Great locations

LANGFORD CONDO SITE APPROVED FOR UP TO 188 UNITS

$2,200,000

EXCELLENT LOCATION

For further information:

whitecapltd@hotmail.com

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

1-250-479-3333

2.34 ACRES OF INCREDIBLE POTENTIAL $4,399,000

COMOX EXCELLENT SITE FOR CAREHOME OR CONDO DEVELOPMENT $3,000,000 CENTRALLY LOCATED AND ADJACENT TO MAJOR BRANDS SUCH AS: SHOPPERS DRUG MART, SUBWAY, A&W Please visit our website or call for more details.

Click on featured properties

VIC SMITH MUNJ DUSANJ

LOCATED NEXT TO COSTCO, FOUR POINTS SHERATON, HOME OUTFITTERS AND OTHER HIGH PROFILE RETAILERS

monarkinvestments.ca

1-800-661-6988

604-592-7250

Financing Available. Potential Trades.

NANAIMO | VANCOUVER ISLAND DEVELOPMENT AND INVESTMENT OPPORTUNITIES DEVELOPMENT OPPORTUNITY WITH OCEAN AND CITY VIEWS Upscale development in the University area for 10 residential lots and 26 luxury townhomes. This development project has all the necessary plans, reports and approvals in place. Development Permit for construction can commence within a short period of time. CALL DARWIN NEW!! BARSBY ON THE MILLSTONE A great development opportunity for a well designed 58 unit Condominium Project on 1.14 acres of land on the Millstone River. Located within the no DCC zone of the City of Nanaimo, this project offers an immediate connection to the E&N trail as well as the miles of seawall on the Harbour only 3 blocks away. Development Permit ready. ASKING 1.55 M, CALL DARWIN MULTI – USE DEVELOPMENT SITE One of the remaining development sites within the main service corridor of the Chase River neighbourhood – South Nanaimo. With approx. 4.3 acres of usable lands and excellent access directly off Hwy 19A via traffic light. This site has excellent potential for a wide use of mixed Commercial-Residential developments. 2.8M, CALL DARWIN

EXCELLENT REDEVELOPMENT PROPERTY W/ EXISITNG MOTEL Enjoy the existing holding income from the current motel complex while planning a new 6 storey commercial/ residential mixed use complex. Great location near Hospital Node where demand exceeds supply for strata medical offices. Excellent exposure to Highway 19A and great access from rear of property with easy design for underground parking. 1.5M CALL DARWIN BUSINESS OPPORTUNITY AT THE BEACH CLUB – PARKSVILLE B.C. “Perfectly Positioned Spa” in the Newest 4 Star Hotel Resort in Parksville B.C. A turnkey operation, elegantly designed treatment room, the latest equipment and spa line products, topped off with an unbelievable LEASE. CALL BILL SOREG for Details. E X P E R I E N C E D COMMERCIAL REALTORS Versed in Consulting on potential Development Projects to advise of their viability for all major areas of Vancouver Island

Darwin Mahlum Robert Borden

250.760.1066

EXCELLENT RENTAL APARTMENT INVESTMENT Offered @ 8.5% Cap! 47 units, substantially renovated in 2009-2010, elevator, 4 stories, centrally located. Excellent management on site, good tenancy profile, few vacancies, one of the best rental Apartment Buildings in this City. Asking Price @ $1.9 M. Information brochure. CALL ROB

The Atrium

KůLJŵƉŝĐ sŝƐƚĂ ƉĂƌƚŵĞŶƚƐ

ZŽLJĂů :ƵďŝůĞĞ WĂƚŝĞŶƚ ĂƌĞ ĞŶƚƌĞ

20th Annual

Commercial Building Awards INDUSTRIAL BUILDING IN METRO VANCOUVER – REDUCED!! Located in close proximity to downtown Vancouver and Commercial Drive. Older industrial building on 5,808 sq. ft. of land. Building fully occupies site. Grade level loading door, separate entrance door. Two offices, one half bathroom, great for a storage facility. Priced @ $727,000. CALL ROB

2011 Award Winners Excellence Awards ŽŵŵĞƌĐŝĂů ͬ KĸĐĞ: The Atrium, 800 Yates Street ŽŵŵĞƌĐŝĂů ZĞŶŽǀĂƟŽŶ: Colonial Countertops Stone Division, 609 Alpha Street Commercial / Retail: ĂŵƉƵƐ /ŶĮŶŝƟ ƵƚŽ ĞĂůĞƌƐŚŝƉ, 3371 Oak Street Community: Camas Gardens, 950 Humboldt Street ,ĞƌŝƚĂŐĞ ZĞŶŽǀĂƟŽŶ: The Hudson, 770 Fisgard Street /ŶƐƟƚƵƟŽŶĂů: >ĞĂƌŶŝŶŐ Θ /ŶŶŽǀĂƟŽŶ ĞŶƚƌĞ Ͳ ZŽLJĂů ZŽĂĚƐ hŶŝǀĞƌƐŝƚLJ, 2005 Sooke Road Mixed Use Project: 351 Cook Street / 1101 Oscar Street

Special Awards

Information brochure available.

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

Victoria Real Estate Board Green Award - KůLJŵƉŝĐ sŝƐƚĂ ƉĂƌƚŵĞŶƚƐ͕ 3806 Carey Road Judges' Choice Award - The Atrium, 800 Yates Street Times Colonist Community Award - ZŽLJĂů :ƵďŝůĞĞ WĂƟĞŶƚ ĂƌĞ ĞŶƚƌĞ͕ 1952 Bay Street

Merit Awards

1-800-661-6988

ŽŵŵĞƌĐŝĂů ͬ KĸĐĞ: 947 Fort Street ŽŵŵĞƌĐŝĂů ZĞŶŽǀĂƟŽŶ: dŚƌŝŌLJ &ŽŽĚƐ Ͳ ůŽǀĞƌĚĂůĞ, 3475 Quadra Street Commercial / Retail: Campus Acura Auto Dealership, 3347 Oak Street Community: ZŽĐŬ ĂLJ >ĂŶĚŝŶŐ͕ 535 Ellice Street /ŶƐƟƚƵƟŽŶĂů: ĐŽůĞ ŽŶĐĂƐƚĞƌ ůĞŵĞŶƚĂƌLJ ^ĐŚŽŽů, 1525 Rowan Street Title Sponsor

www.westerninvestor.com

Gold Sponsors

Silver Sponsors

Vancouver Island A21

WESTERN INVESTOR DECEMBER 2011 www.westerninvestor.com

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

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

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

Each office is independently owned and operated.

B&B’S VANCOUVER ISLAND

GUY BEZEAU Licensed Realtor CCIM Designee

RE/MAX Ocean Pointe Realty www.remaxocean.bc.ca

à > `V iÀV > Jà >Ü°V>ÊUÊÓxä°Ó{x°ÎÇääÊ"vwÊVi ESQUIRES COFFEE—310-370 TRANS CANADA HIGHWAY, LADYSMITH, BC Turnkey operation, great visual exposure, ample parking, highway access ..................... $19,900 LAND AND BUILDING—120 ROBERTS ST, LADYSMITH, BC C2 zoned, high profile, downtown location, outside deck, currently a restaurant ................................................................ $329,000 BUSINESS OPPORTUNITY—734 TRANS CANADA HIGHWAY, LADYSMITH, BC Good lease, 70 seat capacity, established business, newer equipment ................................ $99,900 PRIME COMMERCIAL LAND—1130 ROCKY CREEK RD, LADYSMITH, BC Zoned CD1, 2 acres, high visibility corner on TCH, variety of uses ............................. $1,390,000 DEVELOPMENT LAND—DL 51 OYSTER STO LO RD, LADYSMITH, BC PLA has been applied for 110 + / - acres, approved for 147 + / - manufactured home lots .............. $5,000,000 BUILDING AND LAND—12 + 16 ROBERTS ST, LADYSMITH, BC Great downtown location, Zoned C2, 2 titles ................................................................. $299,700 TWO COMMERCIAL LOTS—9666 CHEMAINUS RD, CHEMAINUS BC 2 separate lots, .34 acres, plans for 15 res. Units and 5 retail units awaiting final approval ............................................ $424,700 46 HARBOUR RD, THETIS ISLAND Marina and Pub. Established and busy marina, pub restaurant ect., 7.1 Acres, 3.1 Acres foreshore lease. Marina can accommodate larger vessels . $1,970,000 1-11 BULLER ST, LADYSMITH Great visual exposure, Highway access, central location, 2400 sq ft of space ..................................................................................$2000.00 PER MONTH FOR LEASE UTOPIA BAKERY CAFÉ—9780A WILLOW ST, CHEMAINUS BC Gourmet European Bakery, High Traffic downtown area, Outside deck area .................. $239,700 RETAIL AND RESIDENTIAL—9736 CHEMAINUS RD, CHEMAINUS, BC 2 suites up, 2 retail units down, great central location .................................................. $243,900 ROYAL CLEANERS—320 FESTUBERT ST, DUNCAN, BC Established dry-cleaning business, high visibility, downtown location, Ample Parking ..................................................................... $239,700 DEVEOPMENT LOT—9749 ELM ST, CHEMAINUS BC C2 Zoning, Allows condo and retail, 3.18 acres, Overlooks Chemainus Harbour ...................................................................................... $997,000 PRIME DEVELOPMENT LAND—7364 TRANS CANADA HWY, DUNCAN, BC C3 Zoning, Great HWY exposure and access, high traffic location ................................ $797,000 COMMERCIAL LOT—1180 MAUGHAN RD, DUKE POINT, BC Located in Duke Point Industrial Park, 1.64 acres of level cleared land, corner site ................................................................... $337,000 THE LANTZVILLE PUB—7197 LANTZVILLE RD, LANTZVILLE, BC Great Location, Turnkey operation, great visual exposure, ample parking, highway access .............................................. $1,870,000 FOR LEASE—5-8377 CHEMAINUS RD, CHEMAINUS BC Great location, C2 zoning, high visibility corner, variety of uses ................ $1000.00 PER MONTH DEVELOPMENT PROPERTY—RIVER RD, CHEMAINUS, BC R6 Zoning, 6.99 acres, 3 titles, Up to 28 Units .............................................................. $947,000 BALD EAGLE CAMPGROUND—8705 CHEMAINUS RD, CHEMAINUS, BC Busy River Front Campground, year round sites, Laundry facilities, full service to many sites ...................... $1,497,000

Tofino “Eagleview B&B” 3000 sq ft home 2 bdrm suite looking out to the bay. Has been a vacation rental and B&B for 14 years ..............................................................Offered at $649,000 Sooke “Ocean Wilderness Ocean front inn” 9 bdrms and bathrooms 4.5 acres of level beachfront. Very private setting in immaculate condition .............................................................. $1,225,000 Duncan “Pioneer B&B”, stunning gardens close to golf & marina, great little business 3 guest rooms small spa attached. $595,000 Nanoose Bay “B&B on the Green” Lovely location 130 mins north of Nanaimo on Fairwinds golf course, popular B&B affiliated with Fairwinds resort which draws in Clients for B&B/ vacation rental. Home is absolutely beautiful. Port McNeil “Hyde Creek fishing lodge” fully equipped oceanfront fishing lodge beautifully maintained even a caretakers home. High end finishings in this luxury resort ...........$993,000 Victoria Oak Bay Guest House. fabulous heritage building with a wonderful history in a beautiful part of Victoria. Great 2 bdrm ground floor owners suite Offered at only ............... $1,900,000

VANCOUVER ISLAND Comox Valley UÊ , / É" É /Ê 1-/, ÊÊ SPACES FOR LEASE fÈ°ääÊqÊ£{°ääÉõÊvÌ UÊ £]ÓääÊ-+Ê /Ê£n¿Ê ÊÊ°°°°°°° f£{ ] ää UÊ /Ê 1-/, Ê-/, / ÊÊ ³É £xääÊ-+Ê / Over 20' ceilings 2 full storeys allowed. .............. fÓÇ{] ää UÊÊÎÎääʳÊ-+Ê /Ê Ê "1,/ 9ÊÊÊ ÊRetail/Office/Warehouse (Strata)ÊfÎÓx]äää UÊ £]{ÈäÊ-+Ê /Ê, / Ê 1 Ê On .23 ac, Cumberland ........... f{nä]äää UÊ Ê+1 /9Ê-/, / Ê" ÊÊ Ê Ó]{ääÊõÊvÌÊ .....................................................fx ] ää

Hemlock Mountain Resort – Upper Fraser Valley Hemlock Hollow B&B Stunning timber frame home, 3 guest rooms, small corner store, snow removal business included in the sale. .....$1,200,000

For pictures and more information on these properties check out

www.bedandbreakfastforsale.net or call Peter

PETER BIRRELL 6 0 4 -2 5 0 -3 3 0 1 RE/MAX Crest

JUDY GRAY, CCIM 1.800.600.1718 Suite 103–1801 Bay Street, PO Box 195, Ucluelet. BC. MID-ISLAND REALTY Canada V0R 3A0

UCLUELET SHIPYARD On harbour front with ways, retail, dock & suite above. .27 acre waterfront property. $899,000 GREAT PRICE rainforestbeachlodge.com Several BB rooms, 3 cabins, owners quarters & staff accommodations. $1,850,000

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

DEVELOPMENT SITE with oceanfront park frontage. 1.58 acre, slopes towards ocean. $985,000

UÊ°Ç£Ê Ê "7Ê, - Ê */Ê- / Ê°°°°°fnxä]äää

THREE LOTS .43 acre development site.

UÊ Î]ÈääÊ-+Ê /Ê, / Ê 1 Ê On .28 ac, Comox ................... f Óx]äää UÊ Î]äääÊ-+Ê /Ê, / Ê 1 Ê On ½ ac, Courtenay ................. f Óx]äää UÊ Èä]äääÊ-+Ê /Ê , "1- Ê 1-. On 5 ac + home & shop. Was $1,900,000 Ê ÊÊ°°°°°°°°°°°°°°°°°°°°°°°°°°° ÜÊf£]xää]äää

Rob Samsom

AACI CCIM FRI PERSONAL REAL ESTATE CORPORATION

Zoned C5. Survey & topo available. Great visibility, views of inlet & mtn. $369,000

FORMER FISH OFFLOADING facility. Renovated 3 bedroom apartment. Foreshore lease .69 acre, Ucluelet Inlet. $499,900

3

COMMERCIAL

PROPERTIES

Residential/commercial mix zoning. Close to Black Rock Resort. Well priced as package $695,000

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

RE/MAX Ocean Pacific Realty

www.judygray.com

Each office is independently owned and operated.

A22 Vancouver Island

www.westerninvestor.com DECEMBER 2011WESTERN INVESTOR

ED HANDJA PERSONAL REAL ESTATE CORP.

www.bcoceanfront.com

* i\Ê£ nää xÈÎ ÇÎÓÓÊUÊ i \ÊÓxä ÓnÇ ä䣣ÊUÊi` > ` >JLV Vi> vÀ Ì°V

Subscribe OVER $2.5 BILLION WORTH OF INVESTMENT OPPORTUNITIES EVERY MONTH

6 "16 ,Ê - Ê ,*",/ Ideal fl ight service & maintenance facility in

> «Li Ê, ÛiÀ, with direct access to the airport taxi & runway! £°£ÓÊ iÛi Ê i>Ãi `Ê>VÀiÃ]ÊxäÝxä½Ê maintenance building with over-height ceilings, {ä½ overhead door, Óäää L hoist & built in compressor, an attached ÓäÝÓ{½ shop & attached ÓäÝxä½ space incorporating a self-contained 2bedroom suite & an office & reception area. $250,000

6 "16 ,Ê - Ê " , Ê " * 8 ‘xÈ¯Ê ÌÀ }Ê ÌiÀiÃ̽ in a 2-storey x{{äõvÌ strata title complex situated in the downtown core of

> «Li Ê, ÛiÀ: an ideal retail and offi ce building or Performance Arts facility with ÓÈääõvÌ on the main level and Ón{äõvÌ on the 2nd level. Plumbed and wired with fi bre-optics for 4 units to accommodate various types and sizes of ventures! Commercial - 1 Zoning. $495,500

FIRST CLASS DELIVERY ❏ One Year .............$42

Title

❏ Two years ............$75

Company

❏ Three years .......$105

Address

Bill my:

❏ Visa ❏ American Express ❏ MasterCard ❏ Cheque enclosed

GST Registration No. 10565567 GST Included

*",/Ê , 9Ê 1-/, Ê, 6 , ," / 1 µÕiÊ «À «iÀÌÞÊ EÊ «« ÀÌÕ ÌÞtÊ Î°ÈÊ >VÀià zoned } ÌÊ `ÕÃÌÀ > , located on ÀÌ Ê 6> V ÕÛiÀÊ Ã > ` & only mins from the amenities of town. An attractive, easy access property with substantial highway frontage & a diversity of possible applications including storage facilities, offi ces, retail services, wholesalers, works yards or combined commercial & retail developments. $295,000

Name

, Ê, -",/ÊEÊ*1 Ê"**",/1 /9 ULTIMATE opportunity to develop a world class marine resort in Ì >Ê - Õ ` on the 7iÃÌÊ >ÃÌÊ vÊ 6> V ÕÛiÀÊ Ã > `°ÊÎäÊÞi>À]Êx >VÀi water lot lease, commercial resort development licenses, business plan, required surveys & site plans, engineered drawings & plans for construction of the proposed facilities & registered company names trademarks & logos: iÛiÀÞÌ }Ê Ê« >Vit $595,000

City Prov Postal code Phone

Fax E-mail

Credit Card No. Expiry Signature

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

$42 could make you millions!

NANAIMO & VANCOUVER ISLAND PROPERTIES

Ê Ê- ",// Ê / Ê, É 8Ê" * " FORECLOSURE COURT ORDERED SALES 3 ACRE TOWNHOME DEV SITE Stunning ocean view up to 30 units. $995,000

DEVELOPMENT SITES & LAND OCEAN VIEW DEVELOPMENT SITE 21 condos or 8 townhomes. $379,500 JUST LISTED; FANTASTIC OCEAN VIEW RM-5 Dev site, unrestricted views, overlooks cruise ship pier. Approved for 35 condos, No DCC’s. $729,000

/ ÊUÊ/" Ê , Ê£ nää ÈÈx nΣÎ

HOTELS & PUBS NORTH ISLAND HOTEL & PUB, WINE & BEER STORE 30 renovated rooms generating $8,000 monthly. Seller will finance. $1,595,000 FULL FACILITY SUPER 8 MOTEL Central/southern Vancouver Island. High profile Location. 36 rooms, with leased 125 seat pub and Smitty's restaurant. 1.5 acre property on Trans Canada. $3,600,000

INCOME PRODUCING + REVENUE PROPERTIES 5 PLEX NANAIMO 5 meters, over $4,500 monthly revenue. Covered parking. Storage lockers. Separate meters. Asking $749,500 OCEANVIEW 3-PLEX South Vancouver Island. Excellent Income. 3 separate titles. $369,000 NANAIMO DUPLEX 3 bedrooms per side, 2 separate titles. Excellent income. $424,900

CONDOS & HOMES 6 ACRE DEVELOPMENT SITE Zoned RM5, 4 Phases approved for townhome & condos. Central Nanaimo. Asking $1,850,000 FINANCING AVAILABLE

MIDRISE DEVELOPMENT SITE Located in the Downtown core. Nanaimo: Commercial or condo site. $269,000 Excellent Buy 2 ACRE COUNTRY LOT ZONED FOR 2 HOUSES Allows for Bed & Breakfast, dog kennels, country market. $298,000 DUPLEX LOT $129,000

NEW EXCECUTIVE CONDO ON THE WATER with swimming pool & boat deck. Boat moorage included. Seller will finance with 10% down & look at trades $425,000 PACIFICA OCEAN FRONT CONDOS 38 Front Street Units for sale. Walk-on waterfront townhome $509,000 no HST. Call Dale for other available units.

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

4 PLEX LOT $199,000 COUNTRY ESTATES DEVELOPMENT SITE 23 ACRES $459,000 50 ACRES, $995,000 43 ACRES $859,000 Adjoining properties, 1 mile from city limits, Zoned for 5 acre lots DOWNTOWN DEV. SITE includes 2 lots, 2500 sq.ft. restaurant. Leased zoned for 5 storey commercial or condos. Invest and HOLD. $780,000 FOR LEASE OVER 5,000 sq.ft. 4 bay garage or warehouse, office. Calling all automotive businesses or glass shops. Location on Hwy in town.

DEPT BAY BEACH FRONT HOME This smaller 2 bedroom home awaits your ideas. Great year round or vacation home, swimming & beach right out off your front veranda. $649,000 WATERFRONT CONDO TRADES WELCOME $425,000 With swimming pool and hot tub. 2 bedroom, 2 bathroom in Yellow Point. Seller will finance with low down or take trade! Owner will take a condo in Vancouver in trade. www.yellowpointmemories.com

DALE SHORTT Bus: (250) 758-3700 U

5 RENTAL HOMES – All together 5 sep. adj. lots. Starting at $234,900 or all for $1,150,000. Seller will finance.

JUST LISTED 21 UNIT TOWNHOMES REVENUE PROPERTY ON THE GOLF COURSE. 2 & 3 bedroom units, private patios. Monthly income: over $20,000, assumable mortgage. Ideal property to hold or strata conversion. Asking $2,875,000 12 UNIT APARTMENT BLOCK. Renovated. $8,000/monthly revenue. Financing available. $1,180,000 LOCATION LOCATION Across the road from the beach, 10,200 sq.ft. strip mall. 3 commercial spaces. 4 strata condo rental units. Monthly income over $11,000 ASKING $2,250,000 JUST LISTED 150 seat pub plus full facility 75 seat restaurant. Excellent lease in place. Located in large hotel. Seller will finance. ASKING $285,000 SANDWICH BAR/ COFFEE SHOP $79,900 Located in mall, excellent income. Beautiful décor. All equipment included.

TOLL FREE 1-800-665-8313

È{äÊ/À> ÃÊ > >`>Ê } Ü>Þ]Ê >`ÞÃ Ì ]Ê ° °Ê6 Ê£ ÇÊUÊ > \Ê`> i à ÀÌÌJà >Ü°V>

Ocean Pointe

A23

WESTERN INVESTOR DECEMBER 2011 www.westerninvestor.com

%

From: Avison Young Commercial Real Estate, Vancouver. AY agentsRob Greer and Mark Hannah sold the following: Deal: 54-unit apartment building with retail space, Centauras Circle, Burnaby. Sold for $140, 740 per suite. Price $7.6 million. From: Avison Young Commercial Real Estate, Vancouver. AY agent and multifamily specialist Chris Weiner sold the following: Deal: 39-suite apartment building, Vernon. Sold for Hallmark Ventures Ltd. to Dunkfeld Holdings Ltd. for $62,820 per suite. Price: $2.45 million. From Colliers International, Victoria. Colliers vice-president Mike Miller announces the following sales: Deal: 28,284-square-foot parking lot, 819 Yates Street, Victoria, zoning approved for 170 residential units and 6,000 square feet

of commercial space (5.83 FSR). Sold to Chard Developments of Victoria. Price: $6 million. Deal: 36,488-square-foot parking lot, 750 Pandora Street, Victoria, zoned approved for office/retail space of 197,387 square feet (5.3 FSR). Sold to Jawl Development Corp. Price: $7.95 million.

and 87-unit building on 84th Avenue. Sold for $117,727 per suite, at 6.1 per cent capitalization rate. Price:$25.9 million. From Re/Max Advantage, Whitecourt, Yukon. Re/Max agent Leo Zelinski sold the following: Deal: 20,000-square-foot leased warehouse building on 10.7 acres. Price: $3.4 million.

From: CBRE National Apartment Group, Edmonton. CBRE senior vice-president Bradley Gingerich announces the following sales: Deal: 94-unit apartment building, 137 Avenue, Edmonton, posting a 6.1 per cent capitalization rate. Sold for $186,170 per suite. Price: $17.5 million. Deal: 17-suite townhouse rental building, Dunluce Road, Edmonton, with a 6.6 per cent capitalization rate. Sold for $146,000 per suite. Price: $2.48 million. Deal: 43-suite apartment building, 159 Street, Edmonton, with 5.9 per cent capitalization rate. Sold for $108,000 per suite. Price: $4.64 million. Deal: 220-unit apartment-building portfolio, Edmonton. Consists of 39-unit building on 45th Avenue; 94-unit building on 38th Street;

Photo: Avison Young

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

Apartment buildings dominate recent commercial deals across Western Canada

From: Corbel Commercial Inc., Vancouver. Corbel Commercial agents Robert Tham and 39-suite apartment building, Vernon, sold Marc Saul announce the following sale: Deal: Approximately 6,000-square-foot for $2.45 million. development or re-development site with a two-storey building, downtown Vancouver. Price: $ 5.5 million. From: HQ Realty, Vancouver. HQ agent David Goodman sold the following: Deal: 112-unit concrete apartment building, Queens Avenue, New Westminster, with 4.9 per cent capitalization rate. Price $14.97 million.

Photo: Avison Young

%0/& %&"-4

Recently completed a major commercial real estate deal? Send details for a free report 54-unit apartment building, Burnaby, sold here to: wieditor@biv.com. for $7.6 million.

7BODPVWFS *TMBOE :

R.V. RESORT Nanaimo Area

BEAUTIFUL

UĂŠĂŽäʳÊ>VĂ€iĂƒĂŠ ĂŠĂŠUĂŠÂŁxĂŠ>VĂ€iĂƒĂŠÂ˜ÂˆViÂ?Ăž ĂŠĂŠĂŠĂŠ`iĂ›iÂ?ÂœÂŤi`ĂŠĂœÂˆĂŒÂ…ĂŠ ÊÊÊÊÊÊʙäĂŠvĂ•Â?Â?ĂŠÂ…ÂœÂœÂŽÂ‡Ă•ÂŤĂƒ°ĂŠ ĂŠĂŠĂŠĂŠĂŠUĂŠÂŁxʳÊ>VĂ€iĂƒĂŠĂœÂˆĂŒÂ…ĂŠ ĂŠĂŠĂŠĂŠĂŠĂŠĂŠĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠĂŒÂœĂŠ`iĂ›iÂ?Âœ° ĂŠĂŠĂŠĂŠUĂŠ Ă€iiÂŽĂŠĂ€Ă•Â˜ĂƒĂŠĂŒÂ…Ă€ÂœĂ•}Â…ĂŠÂŤĂ€ÂœÂŤiĂ€ĂŒĂž°ĂŠ ĂŠĂŠĂŠĂŠĂŠUĂŠ*>Ă€ÂŽĂŠÂˆĂƒĂŠÂŁnĂŠĂži>Ă€ĂƒĂŠÂœÂ?`°ĂŠUĂŠ-iVĂ•Ă€ÂˆĂŒĂžĂŠ >ĂŒiĂŠ ĂŠĂŠĂŠĂŠĂŠĂŠĂŠĂŠUĂŠ i>ĂŒi`ĂŠ*œœÂ?ĂŠUĂŠ ÂœĂŒĂŠ/Ă•LĂŠ ĂŠĂŠĂŠĂŠĂŠĂŠĂŠĂŠĂŠUĂŠ7ˆwĂŠĂŠĂŒÂ…Ă€ÂœĂ•}Â…ÂœĂ•ĂŒĂŠÂŤ>ÀŽ°ĂŠ Priced at Appraised Value : ĂŠĂŠĂŠĂŠĂŠĂŠĂŠĂŠĂŠĂŠUĂŠ >Ă•Â˜`ÀÞÊ,ÂœÂœÂ“ĂŠUĂŠÂ™ĂŠÂ…ÂœÂ?iĂŠÂŤ>ÀÊÎÊ}ÂœÂ?vĂŠVÂœĂ•Ă€Ăƒi°ĂŠ $2.8 million ĂŠĂŠĂŠĂŠĂŠĂŠĂŠĂŠĂŠĂŠĂŠUĂŠ >“iĂƒĂŠ,ÂœÂœÂ“ĂŠUĂŠĂ“äääĂŠĂƒ¾°ĂŠvĂŒ°ĂŠ Â?Ă•LÂ…ÂœĂ•ĂƒiĂŠ

Realtors Welcome

GARY 1-250-755-9908

VANCOUVER ISLAND COMMERCIAL www.nanaimoremaxcommercial.com

1-877-335-4380

Jay Cousins Realty

FOR SALE

Jay Cousins jay@jaycousins.com

INVESTMENT OPPORTUNITIES

UĂŠ 1 / 9ĂŠ 6 "* /ĂŠ - / - approved for 16 UĂŠ "7 /"7 ĂŠ "ĂŠ" ĂŠ 1 ĂŠ3 Storey Office units. No DCC’s, close to downtown Nanaimo with some ocean building 4,865 Sq. Ft. Main floor tenanted with upper 2 floors views. Development permit in place, vendor financing available ready for new renovations. 9 Parking stalls included.ĂŠ ĂŠf{ә]äää or joint venture possibilities.ĂŠĂŠ fĂŽĂ“ä]äää UĂŠ nĂŠ1 /ĂŠ 1 / ‡, - / ĂŠ*,"* ,/9ĂŠOld City Nanaimo UĂŠĂŠ ," /" ]ĂŠ, - / ĂŠ 6 "* /ĂŠ- / - A 5.68 100 Yr Old well maintained character building, new decks, new acre development site with an excellent ocean view and a short appliances, bonus lot at rear shows potential for additional 4 plex walk to the waterfront. The site is gently sloping towards the development. f{Ǚ]™ää ocean with a variety of benches for easy development. Vendor UĂŠ £°{ĂŠ , ĂŠ*,"* ,/9ĂŠ<" ĂŠ 69ĂŠ 1-/, Fully financing may be available with a reasonable down payment. fenced, 2 entrances, over 300’ of frontage in Duke Point, Nanaimo. fĂˆ{™]äää Includes 10’ X 30’ office mobile. Seller will entertain lease @ UĂŠĂŠĂŠ /, ĂŠ " – Almost 2 acres of land fronting on $2,800 per month plus taxes. f{™n]äää the Millstone River, and next to the Pryde Vista golf course. UĂŠ 7 ĂŠ "7 ĂŠ *",/ĂŠ , ĂŠ , ĂŠ 1 ĂŠ Located next to a new high quality subdivision on a no thru qĂŠ Currently used as offices & union hall, approx. 6,990 sq. ft. street. Zoning allows for a single family unit with a suite. New over 3 floors. P1 zoning allows public assembly, but could be on the market with full city services at fĂ“ää]äää commercially rezoned. f™™x]äää UĂŠ 1 / ‡ 9ĂŠ , / ĂŠ 1 /-ĂŠqĂŠ Central Nanaimo. UĂŠ /ĂŠ 1-/, ĂŠ <" ĂŠ " * 8ĂŠ qĂŠ ‡ - ĂŠ Beautifully constructed half duplexes and single family homes. Great revenue opportunity potential to generate $164,000 annu3 bed, 3 ½ bath, from 1760 sq. ft. to 1890 sq.ft. Included: tile ally. Island Highway exposure, easy access, 6 buildings in total, all and hardwood flooring, custom alder cabinetry, granite counon 2.88 acres. Rental rates with vacancies filled will show nearly tertops, 6 appliances. All bedrooms have a private ensuite.. 8% CAP rate.ĂŠ ĂŠ fÂŁ]n™x]äää , 1 ĂŠfÎә]™ää‡fĂŽ{™]™ääĂŠÂŤÂ?Ă•ĂƒĂŠÂ˜iĂŒĂŠ -/ U 1 / ‡/ / ĂŠ 69ĂŠ 1-/, ĂŠ*,"* ,/9ĂŠ UĂŠ 6 / ĂŠ , ‡ n ĂŠ ĂŠ Approximately - / ĂŠ q 0.8 acres over– Parksville area. 6.2 Acres partially developed with new warelooking the Millstone River with easy access to downtown houses, new 4 unit multi-res work/live space, new office building Nanaimo. Great central location for a multifamily development, plus existing build to suit tenant in place on 1 acre portion w/ located within walking distance to Downtown Nanaimo, the paved & security fenced area. Further 2.5 acres left to continue New Convention Centre, and seaplane service to Vancouver. development plan. Potential income under current configuration fĂˆnä]äää in excess of $164,000 annually. REDUCEDĂŠfÂŁ]™xä]äää

FRANK JOHNSON

JAY COUSINS

of Nanaimo

Frank Johnson frank@remaxofnanaimo.com

INVESTMENT OPPORTUNITIES UĂŠ - //9½-ĂŠ, -/ 1, /ĂŠ , - ĂŠ ĂŠ-"1/ ĂŠ "ĂŠĂŠ "Â˜ĂŠvĂ€iiĂŠĂƒĂŒ>˜`ˆ˜}ĂŠÂŤ>`ĂŠÂˆÂ˜ĂŠÂ“>Â?Â?ĂŠÂ?ÂœV>ĂŒÂˆÂœÂ˜]ĂŠÂŁĂŽxĂŠĂƒi>ĂŒĂƒ]ĂŠxäääĂŠĂƒÂľĂŠvĂŒ]ĂŠ xĂŠĂži>ÀÊÂ?i>ĂƒiĂŠĂœĂ‰ÂœÂŤĂŒÂˆÂœÂ˜ĂƒĂŠĂŒÂœĂŠĂ€i˜iĂœ]ĂŠnĂŠĂži>Ă€ĂŠÂœÂ?`ĂŠÂ…Âˆ}Â…Â?ĂžĂŠÂŤĂ€ÂœvÂˆĂŒ>LÂ?iĂŠ fә™]™ää ÂœÂŤiĂ€>ĂŒÂˆÂœÂ˜ĂŠÂˆÂ˜ĂŠĂƒ>“iĂŠÂ?ÂœV>ĂŒÂˆÂœÂ˜° UĂŠ " , ĂŠ 1 ĂŠ EĂŠ ĂŠ ĂŠ 1 ĂŠ Property has theatre building with 2 levels plus fully equipped kitchen & hall downstairs. Zoned C1 General Commercial provides uses for churches, ďŹ tness studio, schools, ofďŹ ce use, retail & wholesale use. f{{™]äää UĂŠ {‡* 8ĂŠ 1 / ‡, - / ĂŠ *,"* ,/9 – Parksville Attractive location, quality tenants on yearly leases, ocean view from upper suites, C-3 zoning can potentially allow higher commercial or mixed uses in future. , 1 ĂŠfxnx]äää UĂŠÂŁ{ĂŠ1 /ĂŠ "/ ĂŠ7 / ĂŠĂˆĂŠ1 /ĂŠ,6ĂŠ* , ĂŠ – 2 level manager’s residence with office/reception. Outdoor pool, no deferred maintenance issues, consistent highly profitable revenue shows 11% cap. One of the nicest hospitality properties in the mid-Island area. fÂŁ]Ă“{™]äää U "1,/ĂŠ", , ĂŠ- ĂŠqĂŠ ‡ - ĂŠqĂŠx°Â™ĂŽĂŠ , -ĂŠ Industrial zoned land with newer 14,580 sq ft. warehouse, 4,410 sq ft. shed for storage and office building. Two level topography, fenced, easy access to highway. Was lumber facility. fÂŁ]Ă‡Ăˆn]äääĂŠ UĂŠ , ‡ 6 "* /ĂŠ "**",/1 /9ĂŠ Existing Alzheimers/ dementia care facility w/90 beds plus separate residential home available for conversion to congregate care or rezone to multi-residential etc. 44,255 Sq. Ft. building on 1.87 acres near Nanaimo hospital. Society owner will remain with one year lease at current market rents during planning/feasibility phase of redevelopment. f{]xää]äää

JAY COUSINS

www.nanaimoremaxcommercial.com

1-877-423-0984

INVESTMENT OPPORTUNITIES UĂŠ -/, / ĂŠ1 /ĂŠ ĂŠ 1-/, ĂŠ* , ĂŠqĂŠ " Approx. 1,300 Sq. Ft. Light Industrial, 2 overhead doors, 2 man doors, office, 18’ ceilings, Strata Fee is $56.50 per month. fĂ“x™]äää UĂŠ £™Ê1 /ĂŠ, 6 , ," /ĂŠ "/ ĂŠ" ĂŠĂ“ĂŠ , -ĂŠ ĂŠ* , -6 ĂŠ Unique rural feel to property with fourplexes, duplexes, and single freestanding units. Redevelopment opportunity includes existing revenue stream, owners residence, large open area, City water and a motivated seller. fnx™]äää UĂŠ /7"ĂŠ 6 ĂŠ -/, / ĂŠ 1 /ĂŠ qĂŠ * , -6 ĂŠ Service Commercial zoning. Main level warehouse with 6 offices, staff kitchen & washroom upstairs. Full A/C on 2nd level as well. Owner is willing to lease back. fĂŽĂ“x]äää U " ĂŠ /9ĂŠ+1 ,/ ,ĂŠ*, ĂŠ " / " Over 3500 sq.ft. of DT2 Commercial space on 3 levels. Complete renovations in 1992 including thermo windows, 5/8 firestop between floors, sprinkler system, separate hydro etc. Suite on top floor has ocean views, a nicely updated property & wonderful character investment in a thriving downtown community. fΙ™]äää UĂŠ , ĂŠ7 / ĂŠ 1 ĂŠ " ĂŠ High visibility Mid-Island location, concrete engineered docks, steel pilings, security gate with ramps, direct metered 50 amp hydro capacity. Quality look and feel, no vacancies, excellent cash flow. fÂŁ]Ǚx]äää UĂŠĂŽĂŠ* , ĂŠ 6 "* /ĂŠ*"/ / ĂŠ" ĂŠ* , -6 É , ĂŠ 7 9ĂŠ Approx.ĂŠ79 Acres, corner location. Mining permit in place for pit run, crushing, screening & washing gravel. Owner has been careful to maintain character of the land. Currently zoned rural residential, but highest & best use would indicate development rezone. fx]™ää]äää

BUSINESSES U Ricky’s All Day Grill Franchise – Courtenay U Used books / consumer services retail – Nanaimo U Gifts / Home furnishings retail – Qualicum Beach

JAY COUSINS

fә™]äää f™{]äää fÓә]äää

A24

www.westerninvestor.com DECEMBER 2011WESTERN INVESTOR

COMMERCIAL

RE/MAX TREELAND REALTY

RE/MAX LITTLE OAK REALTY

RE/MAX BOB PLOWRIGHT REALTY

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

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

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

INVESTMENT PROPERTY IS YOUR CASH FLOW FOR YOUR FUTURE, ESPECIALLY WHEN YOU INCORPORATE A TAX DEFERRAL PROGRAM. SAVVY INVESTORS ARE TAKING ADVANTAGE OF LOW PRICES AND LOW INTEREST. YOU TOO CAN LAUGH AT MONEY WORRIES --- WITH A SIMPLE PLAN ! Fort St John, Investment opportunity. Well kept up light Industrial building in Prospect Park close to Highway. 5 bays, offices on main and above with lunch room. Fenced yard with storage sheds. $1.1 Million Say goodbye to your boss, and come own this turnkey biz in Abbotsford. Auto Body biz for sale. $159,000

COMMERCIAL BUYER/TENANT REPRESENTATION

Have you done a proper Lease vs. Buy Analysis? A CCIM provides more resources than other Realtors can! Have your Commercial Professional source your requirements: Properties, Bylaw Compliance, Investment Analysis, Negotiations. Call or email David! YOUR AGENT works for YOU!

HIGH PROFILE DEVELOPMENT OPPORTUNITY x23,756 sq. ft. lot located on busy fully signaled corner intersection xPartially finished 3 unit retail building with potential to build 2nd phase xDevelop, add value and realize a profit

DEVELOPMENT SITES

SALE $690,000 16 SUITE MULTI FAMILY DEVELOPMENT SITE xOffered at CAP RATE of 5.69% xComprised of 2 separate titles .78 acres xFuture Development Site xIn City’s Official Community Plan 28 to 54 units per acre, 4 storey residential

INDUSTRIAL WAREHOUSES/OFFICES

COQUITLAM #100 42 Fawcett Rd.

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

SALE $1,295,000 CHWK ACREAGE - 2 TITLES

4000 sq ft Light Industrial newer ( 2007) building in Dawson Creek, BC.

x14.35 Acres of land xIncludes 6 Bdrm Home +

32 Unit townhome complex in Dawson Creek BC. ( 50 km from Fort St John and Tumbler Ridge.)

xAlso available w/separate

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

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

LIVE/WORK PROPERTY x2,843 sq. ft. 4 Bdrm Home x1 Acre Industrial Property xZoned CD14 - Outside

70 x 80 Barn

Storage

title 7.5 acre land

DAVID KEARNEYCCIM

www.davidkearney.com

SALE - FARM: $895,000 LAND: $469,000

SALE $599,900

BUSINESS FOR SALE

INVESTMENT PROPERTY

dkearney@remax.net

xSandwich Tree Franchise xEasily run by couple or

604-942-0606

xThis business makes

Toll Free:

1-888-942-0606

RE/MAX S ABRE REALTY

~Currently Auto Salvage ~3.2 Acres ~M-7 (industrial) Zoning ~Phase 1&2 environmental Studies Available

MAIN BUILDING

money

building

SALE $59,900

SALE $598,800

FORECLOSURE PROPERTY TOURIST COMMERCIAL SITE

Auto Salvage LANGLEY BC

QUONSET HUT 56’ x 80’ w/ 36’ x 60’ MEZZANINE for parts storage

x.29 Acre lot zoned CSI xCommercial on bottom floor xResidential on top floor xFully leased ± 3,798 sq. ft.

family

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

STORAGE for 500+ Vehicles at back

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

SALE $795,000

40’ x 90’ Parts Counter, Lunchroom, Disassembly Bay

x Foreclosure property x2.75 Acres themed park xLocated on busy road to

Harrison Hot Springs.

SALE $615,000

AIRPORT HANGAR W/OFFICE

LIVE/WORK OPPORTUNITY

x 2 kitchens, 2 washrooms,

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

2 reception areas, 15 offices, 7000 sf hangar with 2 x 2.5 ton hoists etc. Can be leased separately.

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

SALE $324,900

LIVE/WORK OPPORTUNITY

BUSINESS & PROPERTY xLiquor Store & Pub, on 1

xMixed use 3,250 sq. ft. x3 bdrm residential suite x4 Bays, in floor radiant

acre of land xLocated on busy road xPrice includes: business,

heat and individual meters

SALE $689,900

land, equipment and building

SALE $599,900

FOR LEASE IN CHILLIWACK Lease From $8/sq ft

Lease From $12/sq ft

Lease From $6/sq ft

xRetail 1,350 sq. ft. on 1st floor xHigh Visibility, on busy main road xRetail 2,270 sq. ft. on 1st floor xExcellent exposure on busy road x2 Office spaces upstairs xFrom 746 sq. ft. to 2,697sq. ft. xLocated in busy downtown area xPlenty of on-site parking xOn site parking

Residence also on the Property

SHARE SALE INCLUDES

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

$6,500,000

For more information contact:

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

OFFICE FOR SALE

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

FOR SALE IN CHILLIWACK

PORT COQUITLAM

North Side Condo Site with holding income! For 26+ units – OCP designated RA-1 16059 sq. ft. site with 2 fully rented fourplexes $1,600,000 CLS# V4027326 Call or email David for Pro-Forma PORT COQUITLAM Under Contract Prime Lougheed Highway Frontage! HC zoned 20700 sq. ft. level lot with 2 rental buildings. Property offering includes automotive business $2,299,000 – CLS# V4027170 – Call or email David!

RE/MAX SABRE REALTY GROUP

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

KEITH SETTER 604-533-3491

RE/MAX TREELAND

Lease from $10$12/sq ft

Lease $12-$13 sq ft

Lease $9/sq ft

xNear Courthouse/City Centre xOffice and/or retail space xSpace available 1091 to 1665 sq ft xUp to 4,450 sq. ft. Full HVAC xSecure on site parking x9 private offices, reception etc.

x Professional/Medical Building xOne block to Hospital x800 to 1,524 sq. ft.

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

SPECTACULAR VIEW 36.4 ACRE PROPERTY – ABBOTSFORD One of a kind awesome view, overlooking Fraser river & Valley farms. Ideal building site for the exclusive country estate. Fully useable farmland for berries or livestock.

First time offered at $2,188,000

CALL ROY MUFFORD

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

604-533-3491

RE/MAX TREELAND

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