Western Investor April 2011 Section A

Page 1

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

KAMLOOPS 42 SUITE APARTMENT BD s 4OTALLY RENOVATED BUILDING WITH TENANT REPLACEMENT s 'ROSS )NCOME #AP 2ATE

HALSTON MINI STORAGE, KAMLOOPS s 'ROSS 2EV .ET 0ROlT s Asking $2,300,000

s 'ROSS 2EV .ET 0ROlT s Asking $1,900,000

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

COMMERCIAL BUILDING s "LOCK &RASER 3T 6AN s (IGH TRAFlC AREA s # :ONE X LOT s 0OTENTIAL RE DEV OPP s Asking $2.488 Mil

9 SUITE APARTMENT BLDG s 7 TH !VE 6AN s 0OPULAR +ITS AREA s STOREY LOW RISE s FRONTAGE # :ONE s 0OTENTIAL $EV /PP s 2ARELY AVAILABLE s Asking $3.088 Mil

ALFRED LEUNG 604-534-7974 CHRIS LANGHAUG

MIXED-USE INVESTMENT s ,ANGLEY #ITY # :ONE s SF LOT SF BUILDING s 2ETAIL /FlCE AND 2ESIDENTIAL s #ITY PLANS FOR DEVELOPMENT s ./) s Asking $799,000

POTENTIAL DEVELOPMENT s ACRES ,ANGLEY s "ORDERING MAJOR DEVELOPMENT s 9ORKSON /#0 s Asking $2,565,000

SELF–STORAGE FACILITY s &OR 3ALE n 6ANCOUVER )SLAND s UNITS ACRES s Asking $2,600,000

LAKE-FRONT ESTATE s AC /SOYOOS "# s Asking $2,800,000

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

MERRITT, BC OPPORTUNITIES WON’T LAST – HOT PRICE

MINI STORAGE ON 1 ACRE PARCEL s UNIT 3ELF 3TORAGE &ACILITY s 2OOM TO EXPAND BY ACQUIRING ADJACENT ACRE SITE s 0ROFORMA ./) s $1.475 Mil

967 ACRES s :ONED 2ES )NDUSTRIAL s (UGE 'RAVEL 2ESERVES s MIN TO -ERRITT s Priced at $8.0 Mil ($8,275/acre)

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

11.4 ACRES DEV. LAND ADJACENT TO WAL-MART s 6ENDOR MAY CARRY s .OW ONLY $3.39 Mil K AC

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

3 LIGHT INDUSTRIAL LOTS

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

s ACRES EACH Amazing price $59,900 ea.

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

INVESTMENT PROPERTIES FOR SALE LANGLEY AREA LANGLEY - FOR LEASE VACANT EX-SPORTS COMPLEX

INVESTMENT/END USER FREESTANDING BUILDING

ABBOTSFORD FREESTANDING OFFICE/RETAIL FOR SALE

s 0RIME LOCATION IN ,ANGLEY s SQ FT s #AN BE DEMISED TO TWO TENANTS s )DEAL FOR SHOWROOM SPORTS CLEAN USES s )MPROVED WITH OFlCES s Basic rate starts at $7.50 sq ft net

s )NDUSTRIAL -ULTI TENANT BUILDING s &REESTANDING WITH WAREHOUSE AND OFlCE s SQ FT TOTAL UNITS SQ FT AVAILABLE s 0RIME #ENTRAL ,ANGLEY ,OCATIONS s $2,100,000

s 4RAlC COUNT VEHICLES DAILY s %XCELLENT EXPOSURE IN DOWNTOWN !BBOTSFORD s !PPROX SQ FT LOT s !SKING 0RICE $419,900

VANCOUVER • LOWER MAINLAND • VANCOUVER ISLAND SECTION

$4.29 APRIL 2011 Vol. 26/Issue 4

11 NEW FACES, NEW FORMULAS

Trio of small businesses share secrets of success

â–˛

ACE SELF STORAGE, KAMLOOPS

INDUSTRIAL LAND – AGASSIZ s ACRES n TITLES #AN BE PURCHASED SEPARATELY s - (EAVY )NDUSTRIAL s ACRES PAVED s Asking $3,299,000

Jennifer Scott and Rachel Harrison of A Good Chick to Know: “you must get it right from the beginning�

17 RICHMOND’S FASTER TRACK

Asian investors, urban villages transform a city 23 BACKING FOR NEW BUSINESS

Business incubator follows Lululemon model; “super angel� hunts for hot startups

SPECIAL SECTION • A14

HOT PROPERTIES

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

PUBLICATIONS MAIL AGREEMENT 40069240

DON MACDONALD, CCIM OR TODD BOHN 604-534-7974 or 1-800-890-9855 s donmac@naicommercial.ca

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

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

INVEST IN WASHINGTON STATE Apartment buildings - Self-storage facilities - Mobile Home Parks Good cap rates - Some seller ďŹ nancing Call Mike, your Washington buyer’s advocate, 1-360-366-3357 or visit me at my Ferndale ofďŹ ce to discuss opportunities.

A2 Lower Mainland 200,000 SF INDUSTRIAL FACILITY

www.westerninvestor.com APRIL 2011WESTERN INVESTOR

FOR SALE 37 ROOM MOTEL

FOR SALE

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RANDY SWANT

BRETT AURA DON DUNCAN

PERSONAL REAL ESTATE CORP.

*SEAN UNGEMACH

RETAIL INVESTMENT OPPORTUNITY - HERITAGE POINT CENTRE

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HUDGE PARMAR PERSONAL REAL ESTATE CORP.

PERSONAL REAL ESTATE CORP.

FOR SALE - SALT SPRING ISLAND RESORT

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DAVID POTTINGER

DEVELOPMENT OPPORTUNITY

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BILL RANDALL / DON DUNCAN CHRIS DRIVER PERSONAL REAL ESTATE CORP.

t 8BMF 3PBE $PMXPPE #$ t TG TJUF TJ[F t 35 ;POJOH t "TLJOH

MARK GALLAGHER LEAH COLLINGS

BRETT AURA

DEVELOPMENT OPPORTUNITY WITH INCOME

t 7FEEFS 3PBE $IJMMJXBDL t BDSFT t)PMEJOH JODPNF PG ZFBS t "TLJOH 1SJDF

BILL RANDALL PERSONAL REAL ESTATE CORP.

FOR SALE: BRAND NEW STRATA BUILDING

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*SEAN UNGEMACH MICHAEL THOMPSON PERSONAL REAL ESTATE CORP.

SENIORS HOUSING OPPORTUNITY

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MARK GALLAGHER

RETAIL SHOPPING CENTRE INVESTMENT OPPORTUNITY

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HUDGE PARMAR

239 - 241 E. 1ST AVE

FOR SALE - $1,065,000

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t /P 3PBE 3JDINPOE #$ t BDSFT FYDFMMFOU MPDBUJPO TG IPNF t "HSJDVMUVSBM MBOE

BRAD NEWMAN-BENNETT/ DAVID POTTINGER

RON EMERSON

94,040 SF INDUSTRIAL BUILDINGS ON 10.28 ACRES

FOR SALE - 15 LEGAL SUITE S. GRANVILLE APARTMENT

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t -PDBUFE JO 1SJODF (FPSHF t PDDVQJFE t 8FMM CFMPX SFQMBDFNFOU DPTU t "TLJOH QSJDF

BILL RANDALL

DEVELOPMENT OPPORTUNITY

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MARK GALLAGHER

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*SEAN UNGEMACH KYLE WILSON

t & UI "WF 7BODPVWFS #$ t ;POJOH $ $ t #VJMEJOH BSFB TG t -PU TJ[F t 1VSDIBTF QSJDF

t 1SJODF (FPSHF t TG PO BDSFT t -FBTFE VOUJM +VMZ t 4USPOH DPWFOBOU t "TLJOH

DAVID POTTINGER DAVID CANNING

LOT 6, SMITH CREEK ROAD, WEST KELOWNA

t 8FTU ,FMPXOB %FWFMPQNFOU 4JUF t "$3&4 XJUI TVCEJWJTJPO QMBO GPS FTUBUF MPUT t 4NJUI $SFFL CFUXFFO (MFOSPTB BOE 4IBOOPO -BLF t "TLJOH

CHRIS J. NEWTON MATTHEW MACLEAN

FOR SALE - LIGHT INDUSTRIAL WAREHOUSE

t 7JDLFST 8BZ 3JDINPOE #$ t 5XP MFHBM UJUMFT BDSFT

t TG NBOVGBDUVSJOH GBDJMJUZ t $VSSFOUMZ MFBTFE VOUJM 'FC t $BO CF NBEF BWBJMBCMF PO B WBDBOU CBTJT

FOR SALE BC RETAIL PORTFOLIO

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BILL RANDALL PERSONAL REAL ESTATE CORP.

ERIC WALKER

FOR SALE-3 FULLY LEASED INDUSTRIAL BUILDING PORTFOLIO

FOR SALE - HIGH EXPOSURE CLOVERDALE PROPERTY

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BART VANSTAALDUINEN

DAVID CANNING BILL RANDALL

PERSONAL REAL ESTATE CORP.

PERSONAL REAL ESTATE CORP.

TRIPLE AAA TENANTS INVESTMENT OPPORTUNITY

PEMBERTON MULTIFAMILY SITES

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BILL RANDALL

LEE HESTER

DAG MEYER

PERSONAL REAL ESTATE CORP.

COURT ORDERED SALE

GROCERY ANCHORED SHOPPING CENTRE

FOR SALE - WEST END MULTIFAMILY

PERSONAL REAL ESTATE CORP.

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BRETT AURA DON DUNCAN / CHRIS DRIVER

MARK GALLAGHER

*CRAIG HAZIZA

PERSONAL REAL ESTATE CORP.

HUDGE PARMAR

ADAM FRIZZELL

PERSONAL REAL ESTATE CORP.

RETAIL INVESTMENT OPPORTUNITY

FOR SALE - 2.7 ACRES OF INDUSTRIAL LAND

7.1 % RETURN

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ERIC WALKER

INVESTMENT PROPERTY & BUSINESS OPPORTUNITY

FOR SALE - INVESTMENT

DON DUNCAN / CHRIS DRIVER / BRETT AURA

PERSONAL REAL ESTATE CORP.

FOR SALE

JAMESON HOUSE OFFICES

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JENNIFER ROBERTSON

PERSONAL REAL ESTATE CORP.

HIGH VISIBILITY INVESTMENT OPPORTUNITY

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RICK EASTMAN

WILLIAM N. HOBBS

PERSONAL REAL ESTATE CORP.

BILL RANDALL

HUDGE PARMAR

PERSONAL REAL ESTATE CORP.

PERSONAL REAL ESTATE CORP.

SILVER CHALICE PUB HOPE, BC

RARE FREESTANDING 5 UNIT INDUSTRIAL BUILDING

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BILL RANDALL

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RICK EASTMAN

PERSONAL REAL ESTATE CORP.

PERSONAL REAL ESTATE CORP.

PERSONAL REAL ESTATE CORP.

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PERSONAL REAL ESTATE CORP.

TWO FULLY LEASED COMMERCIAL BUILDINGS ON 1 ACRE OF LAND

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CRAIG BALLANTYNE

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

Moving with confidence

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

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, it is not g

uaranteed by Cushman & Wakefield. Kevin Meikle is licensed with K.H.M.Realty Ltd. and has a contractual relationship with Cushm

Sean Ungemach is licensed with SBU Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. Martin

an & Wakefield Ltd. Bart Corbett is licensed with BG Corbett Realty Advisors Ltd. and has a contractual relationship with Cushm

Delafontaine is licensed with Martin Delafontaine Realty Inc. 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.

an & Wakefield Ltd.

$0/5&/54 "13*- 7"/$067&3 Â… -08&3 ."*/-"/% Â… 7"/$067&3 *4-"/% 4&$5*0/

41&$*"- 4&$5*0/ Â… "

FEATURES 11 0/ 5)& $07&3 4UBSUJOH B TVDDFTTGVM CVTJOFTT

On the cover Jennifer Scott and Rachel Harrison, co-owners of A Good Chick to Know design consultants: “getting it right.� Photo: Richard Lam

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

Three savvy startups tell how they made it work

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

17 3JDINPOE ¥6SCBO WJMMBHFT¢ NBZ EFGJOF DJUZ

Asian homebuyers, rapid transit expand the options

Download a PDF of all our Regional Roundups online at www.westerninvestor.com

2–22 -08&3 ."*/-"/% 3&"- &45"5&

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

23 7FOUVSF GJOBODJOH GPS TNBMM CVTJOFTT

8 4&37*$&4 20 4&" 50 4,: 46/4)*/& $0"45 3&(*0/

22–27 7"/$067&3 *4-"/% 3&"- &45"5&

21 .FSDIBOUT DBO¤U FYQFDU MFBTF SBUF SFMJFG

U.S. giants muscle into an already tight retail sector Incubator has a formula; super angel has the cash

COLUMNS

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

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WANTED BIG BOX STORES & RETAILERS

Eight miles south of the International Border, 135 acres on all four corners of Exit 266 in Ferndale has been approved for “Regional Retail�. This permits Big Box Stores, Hotels, Restaurants, and Retail Pads. Southbound traffic count annually is 85,041 and Northbound is 100,237. Call for more details.

RON BENNETT COMMERCIAL REAL ESTATE Ron Bennett

SUTTON GROUP WEST COAST REALTY

(USN Ret.)

CALL

/ Owner - Broker

Don Munro

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

604-817-7338

COMMERCIAL / INDUSTRIAL CHILLIWACK FOR LEASE 44580 Yale Road West s SQ FT BUILDING s SQ FT OF FENCED COMPOUND

✓ VALUE FOR $

ACREAGES LANGLEY 27031 Fraser Highway s SQ FT LOT ZONED COMMERCIAL s /LDER HOME

LANGLEY LANGLEY 24421 Fraser Highway 27449 60th Ave. s !CRE s &UTURE 0OTENTIAL s ,ARGE #OUNTRY (OME -ORTGAGE (ELPER s %ASY !CCESS TO 4RANS#ANADA (WY

CHILLIWACK 7730 Old Orchard s !C 0ARCEL s 0OTENTIAL )NDUSTRIAL ZONING s 4RANS#ANADA (WY %XPOSURE

SURREY 19518 32nd Ave. s !CRES s #AMPBELL (EIGHTS "USINESS /FlCE 0ARK $ESTINATION

LANGLEY 27465 60th Ave. s !CRES s "EAUTIFUL ,OG (OME s &ULLY &ENCED 9ARD 0AVED $RIVEWAY

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

MAPLE RIDGE 24548 Lougheed Highway s !CRES s 0ARCELS s (IGHWAY 2IVER FRONTAGE s $ESIGNATED ,IGHT )NDUSTRIAL

LANGLEY 27571 60th Ave. s !CRES s (OUSE AND -ODULAR (OME

✓ GOOD RETURN

botsold@intergate.ca

✓ TENANT COVENANT

s !CRES s &UTURE 0OTENTIAL

LANGLEY 889 Lefeuvre s !CRES s ,ARGE -USHROOM &ARM s 3HOP #OMPOSTING &ACILITY s 'ROWING "ARN s -ULTI 5SE "UILDING LANGLEY 27691 Downes Road s !CRES s ,ARGE 3HOP "ARN COZY HOME

✓ UPSIDE

✓ CAREFREE

A4 Lower Mainland

www.westerninvestor.com APRIL 2011WESTERN INVESTOR

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FOR SALE

BUILDING AT UBC 3800 Wesbrook Mall provides an excellent environment that will support and enhance the intellectual and social development goals of companies involved in R&D. Laboratories, ofďŹ ces, teaching, training, and conference facilities, in support of research and development in a number of key areas. Call LARRY 604-787-7654

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2094 West 43rd Avenue at East Blvd. Kerrisdale, one of Vancouver’s oldest and most af uent neighbourhoods. 4,997 square feet in 5 separate strata lots sold together. Great 5 year lease in place. Asking $3,388,000 Call SANDI FRATINO 778-999-0005 OR REID DEWSON 604-732-9944

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PRIME WESTSIDE INVESTMENT OPPORTUNITY 81,260 sq.ft. R&D

)6)157

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1521 WEST 4TH AVE Corner lot of 5,650 sq ft. Cash business included $2,619,000 Call SANDI FRATINO 778-999-0005

CATERING BUSINESS & COMMISSARY KITCHEN The building may be leased or purchased This turnkey operation will appeal to chefs, caterers, schools and restaurateurs. Call LARRY 604-787-7654

FOR SALE 4316 FRASER 3900 sq ft building Lots of opportunity $1,225,000 Call SANDI 778-999-0005

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LUZON 1622 SQ FT CORNER SPACE 12th & Arbutus Call SANDI FRATINO OR KRIS POPE 604-689-8226

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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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• FEATURE: Port Moody apartment building. Completely rebuilt: new plumbing, ooring, wiring, roof, cabinets, windows, etc. 32 huge suites (6 x 1bed, 22 x 2bed, and 3 x 3bed). Excellent building, good location, fully leased with good ďŹ nancing. 5.5% cap rate, $385,000 net. Price $6,550,000. • Island, Waterfront 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. • Squamish Hotel: 25 rooms + guest suite, pub, night club, cafĂŠ & retail. Upgraded. Makes good money! $2,588,000; $600,000 down + terms! • Squamish, Condo Site: 30 units, downtown. $1,450,000 + terms and/or possible joint venture available. Permit ready and fees paid. • North Vancouver, Apartment buildings: package of 3 x 12 suites, and 11 huge suites (2/3 bedroom) $2,300,000 Central Lonsdale area. • North Vancouver, holding properties: (4 large SF lots with leased houses) for rezoning next to high density high rise developments, new Capilano Community Center and Retail Village/Town Center. • West Vancouver, British Properties.2 large adjoining view lots with 3 lot subdivision possibilities, or join with neighbours for more!

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

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

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Lower Mainland A5

WESTERN INVESTOR APRIL 2011 www.westerninvestor.com

APARTMENT BUILDING SPECIALIST VANCOUVER

PARKSVILLE

PENTICTON

36 Units – Trendy Location West of Main Street Gross Income $402,104

31 Unit Apartment Building Completely rebuilt in 2000 5.09% Cap Rate

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

WEST END

NEW WESTMINSTER

COURTENAY

51 Units – Prime location Near beach, shopping, amenities Gross Income $637,158

12 Units – Heritage style Penthouse – 2 Bedroom + den Gross Income $103,920

33 Units – Central location Tenant base is seniors Potential Cap Rate 6. 4%

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

604.263.2823

RETAIL LEASE

STRATA OFFICE SALE/LEASE

FOR SALE/LEASE

LOT FOR SALE

5550 Fraser Street, Vancouver SQ FT s 0RIME EXPOSURE LOCATION 6AST WINDOWS s 3ECURED ALARM SYSTEM /N SITE AND OFF SITE PARKING AVAILABLE

3410 Lougheed Highway, Vancouver n SQ FT s 2EDUCED LEASE RATE New concrete office development Adjacent to Rupert SkyTrain station

1683 East Pender Street, Vancouver Mixed use opportunity SQ FT WAREHOUSE s -# ZONING Dock and grade loading

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

Clare Stevens

Don Mussenden, Anthony Lux

Don Mussenden

James Bayley, Meghan Kennedy

OFFICE SALE/LEASE

INDUSTRIAL SALE/LEASE

INDUSTRIAL SALE

INDUSTRIAL SALE

1585 East Kent Avenue N, Vancouver 2,100 sq ft first class uniquely designed office space (6!# s PRIVATE OFFICE s /PEN WORK STATIONS -ODERN TILT UP CONSTRUCTION s 'RADE LOADING

6010 Trapp Road, Burnaby 61,995 sq ft on 4.4 acres (EAVY MANUFACTURING FACILITY s 0OTENTIAL PARTIAL VENDOR LEASE BACK s 2EDEVELOPMENT OPPORTUNITY

5371 Regent Street, Burnaby 41,000 sq ft warehouse/manufacturing 5,000 sq ft office on 2.02 acres - ZONING s (IGHWAY EXPOSURE

3930 Kitchener Street, Burnaby 5,273 sq ft provincially inspected food PRODUCTION FACILITY s &REEZERS AND COOLERS #OMMERCIAL KITCHEN s $OCK LOADING

Mitch Ellis, Ryan Saunders

Steve Caldwell, Chris McIntyre

Steve Caldwell

Steve Caldwell, Chris McIntyre

INDUSTRIAL SALE

INDUSTRIAL SALE

INVESTMENT SALE

STRATA INDUSTRIAL SALE

125 Glacier Street, Coquitlam 2 units totalling 31,115 sq ft on 1.34 acres Owner/user opportunity with potential MORTGAGE HELPER s CLEAR CEILING HEIGHT

2130 Hartley Avenue, Coquitlam SQ FT s LOADING DOORS &ULLY PILED v REINFORCED FLOOR s #RANES (EAVY POWER s .EAR CASINO

375 Lynn Avenue, North Vancouver Fully leased, prime riverfront strata unit Long term lease in place Beat bank return at 5%

375 Lynn Avenue, North Vancouver 3,500–7,000 sq ft STRATA units available .EW 2IVERFRONT BUILDING s CEILINGS PHASE POWER s (IGHWAY PROXIMITY

Chris McIntyre, Steve Caldwell

Steve Caldwell

Rand Thomson

Rand Thomson

For more information and other available listings please contact our ofďŹ ce or visit our new website Tel: (604) 684 7117

Sign up for e-mail newsletters at 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 04/2011.

A6 Lower Mainland

www.westerninvestor.com APRIL 2011WESTERN INVESTOR

$IJOBUPXO UPXFS QSPUFTU JT /*.#: SVO BNPDL he City of Vancouver began public meetings last month regarding a proposal to allow higher residential towers in Chinatown. The proposal is fairly modest: seven-storey to 15-storey buildings that, based on other projects in the city, would likely be stepped back from the street and inject a lot of new residents and retail into the area. The 100-year Chinese Benevolent Association of Vancouver, the Chinatown Society Heritage Buildings Association and the Vancouver Chinatown Merchants Association support the proposal. It also doubtlessly has the support of the many local tradespeople and suppliers who would welcome fresh construction and vitality in the inner city. But the plan has met with stiff resistance from such groups as the Downtown Eastside Residents’ Association, the Carnegie Community Action Project and the perhaps befuddled Vancouver Area Network of Drug Users. As this was being written, protestors were gathering outside of city hall. Their arguments seem based on protecting the status quo of the Downtown Eastside, where poverty, shuttered shops and cheap hotels make

5

up the most dismal section of the city. Hyberbole, it seems, takes the place of facts. “An increase in condo tower heights will push up rents and ... the streets will be policed against the bodies of poor people for the enjoyment of middle class and rich shoppers and condo owners,” one missive reads. The sad and strange thing is the protesters – who mostly have no skin in the game – may convince the city to stop the higher buildings. Of course, the misguided not-in-my-backyard-ism from East Hastings Street is no different than we are seeing in more bucolic corners of the province. Over on the west coast of Vancouver Island, a group that included environmentalists, squatters and surfers managed to stop an apparently top-flight residential and eco-resort development that would have meant jobs and a future for the area. Instead, taxpayers in the Capital Region were convinced to buy all the waterfront in Jordan River and freeze the zoning on the rest. What’s there today is something akin to an industrial ghost town, and it may stay like that for years. But at least the squatting and the surfing are free. Canada’s NIMBY syndrome is internationally known. In fact a U.K. group,Saints

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

Consulting Group did a survey of Canadian NIMBY attitudes three years ago. The survey found that 83 per cent of us oppose casino development, 75 per cent oppose landfills and 63 per cent don’t want a nearby WalMart. Additionally, the survey found that one in six Canadians or a family member have actively opposed a real estate development project in their lifetime. We can only imagine the response if the Canadians were asked if they support a Downtown Eastside neighbourhood in their backyard. Perhaps, some day, residents of the Chinatown towers will be asked that question.

/&95 .0/5)

Western Investor looks at commercial “condos”, takes a swing through the wild world of U.S. commercial real estate, updates industrial real estate in Western Canada and profiles some big changes in the recreation market. Our regional reporters file from Calgary, Nanaimo, Powell River and Regina. Plus we publish all the news and commentary needed by western investors. FRANK O’BRIEN EDITOR wieditor@biv.com

Publisher Cheryl Carter Editor Frank O’Brien Contributing Writers Dave Husdal, Geoff Kirbyson, Glen Korstrom,Joel McKay, Peter Mitham, Norm Park, Kevan O’Brien Copy Editor Noa Glouberman Production Manager Rob Benac Production Natalie Reynolds, David Tong, 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.

ADVERTISING DEADLINE MAY 2011 issue: April 8, 2010

Lower Mainland A7

WESTERN INVESTOR APRIL 2011 www.westerninvestor.com

For more information visit our website

Vancouver Office 604 687 7331 s

www.avisonyoung.com

s

FEATURED LISTINGFEATURED LISTING FOR SALE - Development Site 1636 Island Highway, Victoria

FOR SALE - Forest Hill Plaza - 8318-120th Street, Surrey s SF 2ETAIL /Fl CE PLAZA s (UGE UPSIDE IN RENTAL INCOME s %XCELLENT EXPOSURE ALONG A MAJOR COMMERCIAL CORRIDOR s FEET OF FRONTAGE ALONG 3COTT 2OAD s QTG

s ACRES s #OMMERCIAL :ONED # s #LOSE 0ROXIMITY TO *UAN DE &UCA 2ECREATIONAL &ACILITY 6ICTORIA 'ENERAL (OSPITAL AND THE 'REAT #ANADIAN #ASINO %PVHMBT - .D.VSSBZ FOR SALE - 6780 No. 3 Road, Richmond s 0RIME CORNER ON .O 2OAD ACROSS FROM 2ICHMOND #ENTRE s (OLDING INCOME W STRONG TENANT COVENANT AND SALES VOLUME s )MMEDIATE ACCESS TO 3KYTRAIN s :ONING ALLOWS FOR TIMES &32 s #BM "UXBM

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

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

FOR SALE - 820 Kitselas Road, Terrace s ACRES OF )NDUSTRIAL ,AND s 7ORLD RENOWNED l SHING DESTINATION s .BUU 5IPNBT ,ZMF #MZUI

#BM "UXBM FOR SALE – Dalton Hotel - 759 Yates Street, Victoria s 0RIME CORNER LOCATION AT "LANSHARD 9ATES CE ED s 3IGNIl CANT INCOME FROM RETAIL COMPONENT I C PRDU s /PPORTUNITY TO ALSO ACQUIRE ON SITE LIQUOR STORE RE AND RESTAURANT BUSINESSES #BM "UXBM .JDIBFM ,FFOBO FOR SALE - 2342 Windsor Street, Abbotsford s %XCELLENT USER INVESTMENT OPPORTUNITY s TOTAL BUILDING AREA WITH SECURED YARD % s .EWLY LANDSCAPED AND RENOVATED 0 4 s .JDIBFM 'BSSFMM +PIO &BLJO FOR SALE – 9771 186 Street, Surrey E AS E L

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s ACRES IN PRIME 0ORT +ELLS LOCATION s ,IGHT )NDUSTRIAL ZONING s /UTSIDE STORAGE PERMITTED s BDSF

.JDIBFM 'BSSFMM +PIO &BLJO

FOR SALE "My Garage" Secure Strata Storage, SE Richmond s #USTOMIZED %XECUTIVE STORAGE FOR COLLECTOR CARS MOTORCYCLES 26S s 0RIDE OF OWNERSHIP n LIKE MINDED OWNERS s SF n SF OPTIONS AVAILABLE 3PCFSU + (SJUUFO 1BUSJDJB -JECFUUFS

FOR SALE - 8424 Aitken Road, Chilliwack

FOR LEASE/SALE – 1550 East Hastings Street, Vancouver s 0RIME #OMMERCIAL 0ROPERTY s (IGH TRAFl C EXPOSURE s SF SITE FEATURES EXISTING BUILDING s &ORMER -AZDA DEALERSHIP s $6,500,000 .BSL )BOOBI 3PC (SFFS 4USVBO 4BEEMFS

FOR SALE – Royal Towers, 140 - 6th Street, New Westminster s UNIT APT BUILDING W GROUND m OOR RETAIL s

FOR SALE/LEASE – 1455-1475 East Georgia Street, Vancouver s SF OF /Fl CE 7AREHOUSE AVAILABLE s ) ,IGHT )NDUSTRIAL :ONING s $OCK 'RADE LOADING s QTG +PIO -FDLZ 4USVBO 4BEEMFS FOR SALE - 1915 Stainsbury, Vancouver s 2ECENTLY RENOVATED TWO STOREY OFl CE BUILDING s 3HORT TERM SALE LEASEBACK OPPORTUNITY s 3IGNIl CANT RESIDENTIAL REDEVELOPMENT POTENTIAL s 4USVBO 4BEEMFS 3PC (SFFS FOR LEASE 23200 Gilley Road–Bridgeview Shopping Centre, Richmond s !NCHORED BY 0RICE3MART &OODS s 5NITS AVAILABLE RANGING FROM n SF s 3TAND ALONE PAD WITH DRIVE THRU OPPORTUNITY s SURFACE PARKING STALLS "OESFB (WP[EBOPWJDI +BNFT 4IBOESP FOR PRE-LEASE - 2035 West 4th Avenue, Vancouver s 5P TO APPROX SF AVAILABLE s 0RIME 7EST TH +ITSILANO LOCATION s !VAILABLE +BNFT 4IBOESP FOR PRE-LEASE – 2718 – 2732 Saint John’s Street – The Station, Port Moody s 5P TO APPROX !VAILABLE s ,OCATED ALONG 3T *OHN S IN 0ORT -OODY S HISTORIC DISTRICT s 7ALKING DISTANCE TO 7ESTCOAST %XPRESS UP n COMING %VERGREEN 3KY4RAIN ,INE +BNFT 4IBOESP

s ACRES ZONED AND SERVICED INDUSTRIAL s %XCELLENT ACCESS TO 4RANS #ANADA (WY s BDSF .JDIBFM 'BSSFMM +PIO &BLJO

3PC (SFFS .JDIBFM ,FFOBO #BM "UXBM FOR SALE - 5810 – 5830 Vedder Road, Chilliwack R s UNIT #HILLIWACK APARTMENT COMPLEX DE C T UN T R A s "UILT IN THE LATE S N O C s %LEVATORS IN ALL BUILDINGS 3PC (SFFS .BSL )BOOBI FOR SALE – 20299 Industrial Avenue, Langley s 0OTENTIAL $EVELOPMENT /PPORTUNITY WITH HOLDING INCOME s SF BUILDING ON SF OF LAND s #URRENTLY LEASED FOR PER YR #AP s 1BVM 1VSFXBM FOR SALE - 23665 Fraser Highway, Langley s &RASER (IGHWAY EXPOSURE s !CRES s # :ONED s

1BVM 1VSFXBM

SUBLEASE - 88 West Broadway, Vancouver s SF !VAILABLE )MMEDIATELY s (IGH VISIBILITY CORNER LOCATION WITH SIGNAGE EXPOSURE s 1UALITY RETAIL IMPROVEMENTS s 3UBLEASE UNTIL !PRIL .BUU 8BMLFS -FOJB $BMJDP FOR LEASE – 320 Terminal Avenue, Vancouver s SF BUILD TO SUIT OFl CE RETAIL BUILDING INDIVIDUAL m OORS AVAILABLE s 2EADY FOR OCCUPANCY LATE s !DJACENT TO -AIN 3TREET n 3CIENCE 7ORLD 3KYTRAIN 3TATION s #OMPETITIVE LEASE RATES TENANT INDUCEMENT PACKAGES OFFERED

+PTI 4PPLFSP +VTUJO 0NJDIJOTLJ

A8 Lower Mainland/Services

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COMMERCIAL MORTGAGES ALSO, Industrial, Multi-Residential & Construction

FOR ALL TYPES OF COMMERCIAL PROPERTY:

UÊ «>ÀÌ i ÌÊLÕ ` }Ã UÊ Ýi` ÕÃi UÊ-ÌÀ>Ì>ÊÀiÌ> UÊ Ìi É Ìi UÊ `ÕÃÌÀ > ÊÜ>Ài ÕÃi UÊ ÃÌÀÕVÌ É`iÛi « i Ì

LEAKY CONDO FINANCING Full Building Repairs, Upgrades & Remediation

BUSINESS LOANS Acquisitions, Expansion, Equipment & A/R

>ÃÌÊ ««À Û> ÊUÊ*ÕÀV >ÃiÊ ÀÊ,iw > Vi The Origin Group — Mike Lee

604-552-4392

604-565-6370

www.paramountfinancial.biz Over 12 YEARS in business !

INVESTOR WHITE ROCK BUSINESSMAN/INVESTOR Contact me if your co:

> is established min 5 years Prefer 2 yrs profitable > is up to 80 km from White Rock > is in manufacturing or marine > has sales 1 to 10 MM > has potential for expansion Will consider financially stressed co

1-877-848-6370

michaellee@origingroup.ca

HARRISON HOT SPRINGS RESTAURANT WITH PROPERTY Prime location, just steps to the waterfront. A long established profitable restaurant with an excellent reputation. Great business year round. Over 90 seats plus a beautiful large patio. Bonus apartment upstairs for owner or can be rented out for additional income. FANTASTIC OPPORTUNITY! Asking 1.7 mill

BISTRO/RESTAURANT This award winning Bistro is located in the heart of Kitsilano. Very profitable established business. Well known for its quality food and romantic ambiance it draws a strong and steady clientelle. Beautifully furnished decor and layout as well as a high end kitchen with top of the line equipment. Asking 379K

INVESTOR ALERT Great investment 19.75 Acres is Zoned for 1 acre, new Sewer Line is only a couple blocks away, potential income 10,000 SF warehouse with 3 cooler and 5 BDRM older house only $3,999,000.00. 31 Acres approximately 15 year old Blueberry farm with 8 bed room house last year berry was around 250,000.00 asking $3,500,000.00 34 Acres for blueberry or raspberry close to 264 St border in USA. $375K Great income 16.44 acres blueberry farm with new 7200 SF house, 5 BR and 1 kitch + 1 spice kitch each fl oor, setup for 2 family plus 2nd house have potential income only $2,700,000.00

AMARJ I T G I L L 604-614-7101 Global Force Realty

EJ7

GASTOWN - VANCOUVER • Must see to appreciate! • Approx. 4,500 sq.ft.- Capacity: 192 • Newly re-modelled • New large commercial kitchen • Licensed off-sale cold beer & wine • Selling $225,000 • Lease to be negotiated • Turn-key operation Call <:DG<: L>C@A:G 6B:M G:6AIN

+%) ,'+"'-)*

LAND BANKING - INVESTMENT OPPORTUNITY Southern Gulf Islands • OCEANFRONT & OCEAN VIEW LANDS

104 ACRES

STRATEGIC LOCATION in the triangle Vancouver / Seattle / Victoria

FOR SALE MAPLE RIDGE

Several titles, further development possible.

16 ACRES + LARGE HOME

$2,100,000

Price $ 7,500,000 Call owners at

Contact in confidence:

604-838-0985 see.ken@me.com

www.westerninvestor.com APRIL 2011WESTERN INVESTOR

PORT COQUITLAM

250-382-8559 or email

4 LOT SUBDIVISON $1,295,000

arbutusbay@gulfislands.com COFFEE FRANCHISE DOWNTOWN Rarely available! Over 10 years established Coffee Franchise. This business has just been completely renovated and features the newest look of this well known Franchise. Located in a downtown office tower with easy access for both indoor and outdoor traffic. Strong sales that are continuing to increase makes this one a great buy! Don’t miss this opportunity. Asking 419K

L SO

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AUTO REPAIR NEW WESTMINSTER Great corner location! Established and owned by the same operator since 1995. Strong clientelle base and excellent reputation for quality service. Government Inspection Facility, ICBC vendor for mechanical claims and more. OWNER MAY CONSIDER SELLING THE BUILDING Business only asking 88K For price of building please call Heiner for details

CAFE/COFFEE RICHMOND Newly renovated Cafe/Coffee Shop is located in one of the best business/industrial parksGreat layout, 20 seats. Lots of catering available in this busy area. Serving breakfast and lunch. Very well equipped and shows beautifully. Low rent! Bonus - add'l space in back with its own entrance could be rented out for additional income. Asking 99K

CAFE - COMMERCIAL DR. Non Franchise! Busy and well known Cafe. Fantastic opportunituy to get into a profitable cafe with good lease terms. Kitchen is well equipped, very nice layout and large patio. Liquor license in place. Owner will train. Asking 154K CAFE DOWNTOWN VAN. Non Franchise, Est. 15 years. In business district. 24’ vaulted ceiling, lots of windows, street exposure. 604 s.f. w/ 16 seats. Very low rent. Unique. Asking 149K

CALL HEINER FOR DETAILS

at 604-618-6600 or e-mail hscheidacker@sutton.com www.lowermainlandbusinessforsale.com

MORTGAGE FINANCING For all your real estate financing needs www.peoplestrust.com BRITISH COLUMBIA REGION

Brian D. Kennedy 604-331-2211

BRITISH COLUMBIA REGION

Jonathan P. Wong 604-331-2218

PRAIRIE REGION

Dennis K. Aitken 403-205-8203

PRAIRIE REGION

Daniel Stewart 403-205-8202

LANGLEY

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

FLEETWOOD

4 LARGE LOT SUBDIVISION

$1,499,000

Please visit our website or call for more details.

monarkinvestments.ca

604-592-7250

Financing Available. Potential Trades.

A9

WESTERN INVESTOR APRIL 2011 www.westerninvestor.com

FEATURE Packed conference hears of “historic� U.S. housing deals amid hardship across the Sunbelt

WESTERN INVESTOR he annual Jurock Land Rush conference in Vancouver traditionally focuses on real estate opportunities in Western Canada, but this year the clear direction was into the U.S. Sunbelt.

5

With millions of American families losing their homes to foreclosures and others walking away from houses that have lost up to 50 per cent of their value, Canadian investors are swooping in for what one speaker called a “historic� opportunity. As they take advantage of rock-bottom prices, though, Canadians must also deal with the face of the American housing crisis. Vancouver-based Janet LePage, of Element Estate Investments of Phoenix, said that many of the tenants that rent out the detached suburban houses from Canadian buyers are residents of the same neighbourhood; sometimes they are the former owners of the home. “They don’t want to move because of the kids,� LePage said. “These are hard-working, stable tenants.� There are so many potential tenants that LePage and Phoenix-based partner Todd Smith of AZ Performance Realty said they can virtually guarantee rentals. LePage and Smith are part of a new type of U.S. real estate business targeting Canadian investors, most from B.C. and Alberta. These companies find distressed detached houses, do the renovations needed, prepare all the necessary paperwork, find tenants, offer property management and sell the houses as turnkey investments to Canadians. “It’s a onestop shop for Canadians,� LePage said. Element presented five detached house

deals at the conference. One example: a threebedroom, 1,902-square-foot house with a pool in Surprise, Arizona, that sold in 2008 for $360,000. It can be rented for $15,000 per year. Price: $135,900. Two other examples were priced around $105,000, less than one-third of the original price two or three years ago. Mike Kent of Windemere Real Estate in Birch Bay, Washington, summed up the U.S. market. “This is a pivotal moment in history for Canadians to buy real estate in the United States,â€? Kent said. He added the “historical opportunityâ€? would eventually end, but not likely for years. Right now – with the Canadian dollar at par, a strong Canadian housing market and a huge inventory of U.S. property for sale at rock-bottom prices – is the time to be looking south of the border, he said. Kent believes some U.S. markets, such as Whatcom County, Washington – where average house prices fell 5 per cent in the past year – could bottom out in six months, but that hard-hit areas like Phoenix and Las Vegas will take four to five years to recover. Regardless, U.S. residential prices are not likely to get much lower than they are right now, Kent said. The reasons: • only 450,000 new homes were started last year in the U.S. and just 600,000 are expected this year, far below what will be needed for a country of 320 million; • a bulge of Canadian baby boomers are now flooding into Sunbelt real estate; and • buyers from China and India are now getting into the U.S. housing market. Kent recommends buying Birch Bay-area recreational real estate, but he added that

Photo: Geoff Case

FRANK O’BRIEN

Photo: Element Investments

-BOE SVTI TPVUICPVOE

Ozzie Jurock speaks during the packed Land Rush conference in Vancouver. (INSET) Now $135,000: Surprise, Arizona (a Phoenix suburb), three-bed/2.5-bath, 1,950-square-foot house with a swimming pool sold new in 2008 for $360,000.

Whatcom County apartment buildings are a good deal. “We have a 1.6 per cent rental vacancy rate and there is very little rental construction,� he said. Ozzie Jurock said he is confident that the U.S.housing market will recover, but added the

bargain prices will be seen for some time. The conference appears to have kicked off a southern land rush. Lepage, speaking a week after the show, said “my phone has been ringing off the hook. Canadians are very excited about U.S. real estate.� ◆

5JQT GPS CVZJOH JO UIF 6 4

M

ike Kent of Windemere Real Estate of Birch Bay, Washington, offers the following advice for Canadians buying U.S. real estate: s 6ISIT THE 5 3 MARKET PERSONALLY AND spend time there. Personally check out any real estate you are considering. s 6ISIT www.zillow.com, which provides sales and price data on all U.S. markets. s !RRANGE FINANCING BEFORE YOU BUY -OST Canadians take out equity loans for U.S. purchasers. You can get a U.S. mortgage (5.1 per cent fixed rate 30 years) but you will need 25 per cent (at least) down and a credit score in the 650-680 range or better.

Royal Bank of Canada’s offices in Florida have worked with some Canadian buyers, he noted. s 3HORT SALES CARRY RISK AND THEY CAN drag on for months. If you are looking at short sales, make sure there is a “broker price opinion� approved at the bank. s 2/) BANK OWNED REAL ESTATE OFFERS “screaming deals� in quick order, but the homes are sold “as is.� s &ORECLOSURE SALES HAVE TO BE CHECKED out for liens. Have your lawyer run a title search. – With files from Jurock Insider (www.jurock.com)

-PXFS .BJOMBOE

75th Ave Bell Rd

I-10

Sun Valley Pkwy

411th

Ave

A10 Lower Mainland Blenz Master Franchise & Franchise Opportunity in Vancouver, Vancouver Island, Ontario & Alberta Blenz Franchises ...................................$200K - $368K Steamrollers Franchise Opportunity , Vancouver .................................................................. $319K (Davie St.) Wired Monk Individual Franchise Opportunity. Wired Monk ............................$135K, $159K, $169K Wired Monk New Franchises - Vancouver ................................ $262K-$350K depending on location Sandwich Tree master franchise opportunity $275K Canadian Carpet & Tile two locations: $300K, $200K

www.matthewmoadebi.com www.vancouverfranchise.ca

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

www.westerninvestor.com APRIL 2011WESTERN INVESTOR

LORNE CHERNOCHAN 604-880-0550 (cell) ­Èä{®ÊÓÇx xÇx ÊUÊlorne@chernochan.com www.chernochan.com CALL OR EMAIL FOR A FULL INFO. SET INDUSTRIAL STRATA UNIT FOR SALE $728,000 IN NORTH RICHMOND - REVENUE NOW VACANT POSSESSION SOON Over 3700 sf in near new complex includes a large main floor showroom, second floor offices with separate entrance, kitchen, and w/c; and a major warehouse that offers BOTH dock loading (with leveler) and grade loading. Clean use tenant provides cash flow WITH VACANT POSSESSION for Aug.1ST, 2011. INDUSTRIAL STRATA UNIT FOR LEASE 1465 sq ft SOUTH RICHMOND – RIVERSIDE IMMEDIATE POSSESSION Riverside Industrial Park 1465 sq ft ground floor unit with a large showroom + furnished private office; and a smaller warehouse behind with a mix of high and lower ceilings. Fully AC and offering 3 phase power. INDUSTRIAL STRATA UNIT FOR LEASE 2,555 sq ft N.RICHMOND POSSESSION SEPT OR SOONER Large ground level corner unit with 1,055 sf of office/showroom + 1,500 sf of warehouse in newer building with good corporate image. Grade load, 22’ ceilings, good parking. I-3 zoning.

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

lorne@chernochan.com www.chernochan.com WESTCOAST

Campbell River Development Site 3.14 Acres with 397 feet Water Front Zoned Commercial Four (C-4) with 180 degrees of views of Georgia Straight.

Jerry Raczkowski 780-932-2121 Crest Realty (Westside)

The site: 1430 South Island Highway is approved for 74 units’ quarter share Resort Spa with the building permit in place. Call Jerry Raczkowski for more details 604-602-1111 RE/MAX Crest Westside www.VancouverInvestor.ca

FOR SALE

Waterfront

COMMERCIAL INVESTMENT PROPERTY MISSION, BC $489,000 7065 MERSHON ST Reduced over $200,000, buy today! Own a spectacular piece of Commercial Investment property right in the heart of huge development area. Zoned C4. 6000 sq. ft. lot, charming 1920s 1680 sq. ft. rancher w/basement. Updates include: new roof, furnace, h/w tank, fridge, stove, washer/dryer, new post and beam entrance, 6’ fence & 3 phase power available. Owner will lease for 1 to 2 years @ $1500 per month, also ask about incentive for land assembly purchase.

$499,000

7057 MERSHON ST

Once in a lifetime opportunity to own a Commercial investment property on the Fraser River! Zoned C-4 this versatile 9000 sq. ft. fully fenced corner lot has unlimited potential, build or hold for future. This area is exploding with new development applications and municipal enhancement projects. Multiple Government Grants to show case Mission Waterfront Development: The BC Spirit Square Program, The Fraser River Trail Project, just to name a few. Current business development applications include: Sturgeon’s on the Fraser by Howard Meakin.

www.matthewchadwick.com 604-466-2838

DELTA, BC

RE/MAX RIDGE MEADOWS 22308 Dewdney Trunk Rd. Maple Ridge

SPRING 2012 POSSESSION

FOR SALE: RETAIL/COMMERCIAL UNITS UÊNew

7511–12O Street (corner of 75A Ave & Scott Rd) construction U Individual HVAC to each unit U 120/208 volt, 3 - phase power U From 11'-8" to 14'-6" ceiling height U 42 ground level parking stalls U Customer access from both front and rear doors 9 Units remaining 1,165 to 2,722 sq.ft. (combinations available) Prices $413,575 – $993,530

Crest Realty Westside

J.T. LEE 604-628-0099 jt@jt-lee.com www.jt-lee.com

OFFICE STRATA UNITS

COMMERCIAL DEVELOPMENT SITE - LANGLEY

1050 PACIFIC ST (Main Office Entrance) Unique opportunity to own a dual use strata consisting of a 613 sf office with street entrance + a 870 sf 2 bdrm suite above. 2nd entrance 2J – 1033 Marina side. $1,049,000 2132 ALBERTA (Near 6th & Cambie) 2357 sf 2 level C1 Zoned building. Rebuilt 10 yrs ago. Lower level is vacant, 2nd level is a private 2 bed, 2 bath residence. Bonus: 1200 sf 3rd fl roof deck. $1,690,900

21427 83rd AVE near 216 St. proposed interchange in Willoughby Heights in Langley. 1.51 acres for sale (65,000 sq ft) + Properties on either side may also be available (for another 3 acres). Currently zoned SR-2. Suburban Residential with 4200 sq ft house & a few outbuildings on property. Potential future re-zoning to Highway Commercial once interchange finished in 2013 (strip mall, hotel?) $1,999,000

NORTH SURREY LAND ASSEMBLY

LILLOOET LAND FOR SALE - 17 ACRES 1.5 HRS NORTH OF WHISTLER

11880 – 11920 96A AVE 4 lots with 275 ft frontage & 36,000 sf of land, zoned single family. Most properties currently rented. Great holding property! Go to web for info package and area video. $2,100,000

8810 TEXAS CREEK RD (8km south of Lillooet) 17+ acres – view lot on a knoll, drilled well, sweeping views of valley, mountains & river. Golf course nearby. Build your dream home. MUST BE SOLD $139,000

YALETOWN PET PHOTOGRAPHY

LES TWAROG (604)671-7000

1146 PACIFIC BLVD The Dog & Hydrant Pet Photography located on a busy street in the heart of Yaletown. 800 sq/ft of space with sales of $15,000/ mo avg. Leased at $4,300/mo (all in) $125,000

1428 W 7th Ave., Vancouver, B.C. Crest Realty (Westside)

To view listings please visit:

www.6717000.com/biz APR 2011

INVESTMENT AND BUSINESS OPPORTUNITIES SUCCESSFUL LAUNDROMAT BUSINESS ESSO STATION – BARRIERE, BC Commercial and walk-in customers. Commercial and coin-operated machines and dry cleaning. Great client base, servicing Whistler and Squamish. Own strata building. .........................$1,800,000

Renovated Esso Gas Station, C-store, propane truck stop. Truck/car wash plus owner’s suite. ........................................................ $2,600,000

FRASER VALLEY JUGO JUICE Estab-

GROUND FLOOR: Esso gas bar/ C-store, and Post office. 2nd FLOOR: 4 - 2 bedroom apartments. Each unit self contained. ........ Land, Building & Business $2,850,000

lished franchise. Busy strip mall location. Known for its healthy food menu, smoothies, freshjuices,wrapsandmore.Excitingbusiness. ..........................................................$198,000

PUB/LIQUOR STORE – BARRIERE, BC Renovated 25 unit motor inn with manager’s suite, restaurant, pub/liquor store. ...........$2,450,000

PORT COQUITLAM WAREHOUSE Net

ESSO

STATION

–

LANGLEY,

BC

HARRISON 1.23 ACRE LOT For potential residential subdivision or townhomes ....................................... $695,000

LOWER MAINLAND Well established c-

income approximately $148,470/year. Building 23,700 sqft. on 38,000 sqft. lot. ...................................... Fully rented $2,150,000

store/produce & flowers, daily sales over $3800.00 per day plus rental income. ....................$2,000,000 mil with property. ......................... Or business only $498,000

INVESTMENT PROPERTY – LANGLEY, BC

ABBOTSFORD COFFEE Specialty coffee/café

Excellent investment property for future development. Approximately 39,000 sq ft land, building is used as automotive repair and 3 bedroom apartment. ................. $1,500,000

BOTTLE DEPOT – TRAIL BC Land, Building & Business. Encorp license, depot, electronics,paint care plus a 3 bedroom living accomodation. .................................................. $895,000 GREAT HOLDING PROPERTY Wonderful opportunity to hold and operate a well established business in the Fraser Valley. 20 lane bowling alley, food and liquor licence, ample parking, recent updates and renovations. ... $3,695,000 GAS STATION – ALDERGROVE, BC . Shell Gas Station, convenience store, & propane ................................... Business Only $429,000

in a busy strip mall ........................... $129,000

BOTTLE

DEPOT

-

ENDERBY,

BC

Encorp license Bottle Depot. Business with property. .......................................$445,000

KAMLOOPS BC Free standing building with gas bar leased to a national tenant for 5 years + 2 -5 yr options. Net income to owner $86,400 per year. ........................................ $1,450,000

FRASER VALLEY GAS BAR 50% Share for sale in a high volume. Petro Canada gas station/ c - store + propane ..Business only $385,000 HOPE BC – UPA NAPA PARTS STORE With land and building .......................... $1,350,000 + inv. $600,000

ASHOK KUMAR 604-855-0800 TF: 1-866-855-0800

A11

WESTERN INVESTOR APRIL 2011 www.westerninvestor.com

COVER Three disparate companies find success through hard work, good timing and a very savvy attitude

4NBMM CVTJOFTT TVDDFTT

5

uniform, which was created by Mondetta. Some Manitobans traded their toques for money – as much as $70, in some cases – while others were able to parlay it into entire uniforms from other provinces. Hewson Elliott, who won a pair of medals in long-track speedskating for Team Toba, a silver in the 100-metre sprint and a bronze in the team pursuit, admitted he and his teammates hyped up the toques to pump up their tradability. Heather Johnson, who designed the uniforms for Mondetta, said she was excited that Mondetta had created the signature item of the Games. “Obviously, it’s not your standard sport item. We wanted to try something fun. We’re just thrilled with the success of the toques and Team sports gear is a key product for hot-selling we’re glad the athletes are enjoyMondetta Clothing. ing them. It’s all about getting female entrepreneurs in order to grow the com- attention for the athletes,� she said. munity of successful and creative women.� Mondetta first made its mark in the Canadian Her smile exuded a contagious enthusiasm. clothing market back in the mid-’80s when “Who knows, perhaps one day we’ll even have it launched its hugely popular “flag� shirts our own series on HGTV.� and sweatshirts, which featured flags from – Susan M. Boyce around the world on the front. The concept was relaunched 18 months ago prior to the .POEFUUB $MPUIJOH Vancouver Olympics and soccer’s World ondetta Clothing of Winnipeg is Cup. hoping to build on the stampede While Mondetta has been sure to take care of it started at the recent Canada its home base – Team Manitoba had 300 athGames. letes in Halifax and it will outfit a similar numAthletes from all over the country swarmed ber at the Western Canada Games in Kamloops their Manitoba counterparts at the recently- B.C., this summer – it has also spread its wings completed Games in Halifax, hoping to con- in one of the fashion capitals of the world, New vince them to trade the most sought-after York. It recently opened up a showroom in the clothing item around – a bison toque complete Big Apple’s garment district, where it hopes with horns. to attract the attention of the world’s biggest The toque was part of Team Manitoba’s Please see Atttitude page A13 Photo: Mondetta Clothing

Photo: Richard Lam

for a decade. In March 2010, they took an entrepreneurial leap of faith by launching A Good Chick to Know design consultation. Like many start-up businesses, basic out-of-pocket expenses were initially covered from Harrison and Scott’s personal savings. Unlike many startups, however, basic expenses included attention to branding and an ability to differentiate between their own areas of expertise and areas such as accounting or public relations where they required professional expertise. “PR and correct branding are key, especially in an industry like this where image is sometimes initially more important than reputation,� Scott explained. “You must get it right from the beginning, because you absolutely can’t be Rachel Harrison and Jennifer Scott, co-owners of A apologizing or trying to improve Good Chick to Know design consultation. your branding after the fact.� " (PPE $IJDL UP ,OPX The Chicks’ ability and sassy-yet-sophistihere’s a new chick on the block in cated approach soon attracted attention outside Vancouver’s interior design world. the design community. Two new chicks, actually. “In July 2010 we incorporated and a private Jennifer Scott and Rachel Harrison are investor agreed to provide a cash injection of shaking up tradition with a unique take on $48,000 in return for a one-third interest in the style. Scott was first runner-up in the inaugural company,� Harrison explained. She noted that B.C.’s Best Young Designer Contest in early while the investment allowed them the freedom 2011, and one real estate client credited the to concentrate all their energy on the business, pair’s home-staging skills as a significant fac- neither wanted to deplete the funds by drawing tor in achieving a selling price of $80,000 over more than a minimal salary. Looking ahead, Scott and Harrison have no list in less than two weeks. Another said she’ll hesitation explaining their ultimate goal. “We “never remove them from my speed dial.� The seed of the idea came when Scott and want to become the go-to resource for both Harrison asked themselves why no one was fashion and interior design,� Scott said. “We integrating conventional interior design prin- see our small firm growing to include additionciples with the edginess consistently found in al designers and perhaps delving into the realm that notoriously fickle industry – high fashion, a of commercial design. But we will always field in which both women had already thrived continue to support and collaborate with other

.

-PXFS .BJOMBOE Sutton Premier Realty

YOUNG YOON, B.A. AND TEAM CEL: 604-808-5024 EMAIL: YOONY@SUTTON.COM

BC SUNSHINE COAST OCEANVIEW DEVELOPMENT SITE

Your Oriental Connection ! ASHERN MANITOBA, $650,000 PLUS STOCK OF APPROX. $120,000 Including building and business, asset sale. Super Store affiliated Ashern Shopeasy, 6000 Sq. ft. full service supermarket including meat, produce, sales $120,000/m before tax net of approx. $14,000/m couple works and four employees, no living quarters. Open since Jan 15/2010. Mon-Sat 830am to 7 pm and sun/ holidays 11am to 5pm

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

SOUTH

SURREY

1.59M

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

WHITE ROCK BEACH FRONT $1.4 MIL Beach front by the pier. One storey bldg. leased to long term tenant 2001 sq ft land and 2001 sq ft building

SUCCESSFUL BAKERY COFFEE SHOP Downtown with excellent income Asking $499,000 Over $400 mil sold over 12 years. FVREB Commercial member Medallion 2006,2007, & 2008 Sutton Masters Awards

For more information contact us at 1-888-597-7272

Retail or income properties, motels, RV park WANTED ( out of town OK ) HAVE BUYERS

WWW.YOONYO.COM

UĂŠ<œ˜i`ĂŠvÂœĂ€ĂŠ{nʓÕÂ?ĂŒÂˆĂŠv>“ˆÂ?ĂžĂŠÂ…ÂœÂ“iĂƒ Uʙä¯ĂŠÂœvĂŠĂƒiĂ€Ă›ÂˆViĂƒĂŠÂˆÂ˜ UĂŠnĂŠ/ÂœĂœÂ˜Â…ÂœÂ“iĂƒĂŠLĂ•ÂˆÂ?ĂŒĂ‰ĂƒÂœÂ?` UĂŠĂŠxĂŠÂ“ÂˆÂ˜Ăƒ°ĂŠvĂ€ÂœÂ“ĂŠ"Vi>˜]ĂŠ >Ă€ÂˆÂ˜>]ĂŠ ÂœÂ?v]ĂŠĂŠ *>Ă€ÂŽĂƒ]ĂŠ/ÂœĂœÂ˜ĂŠ iÂ˜ĂŒĂ€i]ĂŠ ÂœĂƒÂŤÂˆĂŒ>Â? UʙäĂŠÂ“ÂˆÂ˜Ă•ĂŒiĂƒĂŠvĂ€ÂœÂ“ĂŠ6>˜VÂœĂ•Ă›iĂ€

Call Michael Lane 604-671-4995 www.seaviewvillaestates.com www.michaellane.com

Mixed Use Building 300,000 Gross sq. ft. High yield opportunity. Landmarked building, Downtown Chicago, Irreplaceable location

Self Storage & Joint Venture Opportunities Available United States of America

Michelle Watson 480-326-9520 michelle.watson@marcusmillichap.com

A12 Lower Mainland

www.westerninvestor.com APRIL 2011WESTERN INVESTOR

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

VANCOUVER EAST – REVITALIZING AREA s -AIN 'EORGIA STOREY CONCRETE BUILDING s 2EDEVELOPMENT TO FT OR HIGHER s ,OT SIZE X FT Asking: $7.8 Million RICHMOND STRIP MALL s !LMOST S F RENTABLE s S F LAND X FT s .EAR ,ANSDOWNE -ALL Asking: $11 Million

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

www.naibusinesses.ca AWARD WINNING MILLWORK BUSINESS (LowerMainland). Major clients in Canada and USA. Revenue in excess of $4.5m .........................................................$2.0m inc working cap VANCOUVER DINNER CRUISE BUSINESS NEW LISTING In business for over 15 years operating two yachts from Downtown Vancouver. Nets $310,000 .........$2.5m inc yachts OKANAGAN CATTLE RANCH (nr Keremeos) . 212.62 acres, 3 homes, 4 barns, equip shop. Grazing license for 592 AUM. Vendor ďŹ nancing available ........................................ $1.95m AWARD WINNING MEAT & DELI BUSINESS (Okanagan) 12 years in business. $1m in sales annually for 4 yrs. Well equipped. Good lease in place.................. $650,000 plus inv LADIES FASHION BOUTIQUE (Vancouver) NEW LISTING Two high proďŹ le locations. Great branding. Computerized inventory control. Inc $50k inventory..................... $195,000 STRUCTURAL STEEL FABRICATING (Lower Mainland). Over 15 years in business in construction industry. Revenue forecast over $1m ............................................... $590,000 inc equip HAIR & BEAUTY SALON (Lower Mainland). REDUCED Very successful full service beauty salon in trendy area. Sales over $460,000. 10 staff. No rentals ............... $288,000 + inv METAL FABRICATING COMPANY (Burnaby). REDUCED Well established business with strong earnings history and healthy margins .......................................... $1.8m inc equip ARTS & CRAFTS STORE (Vancouver) REDUCED Over 40 years in business. An institution among crafts and modelenthusiasts...................................... $50,000 plus inv BEARD PAPA FOOD FRANCHISE (W.Vancouver) REDUCED Ideal owner operator business. Close to new Osaka supermarket ............................................ $85,000 inc equip INDUSTRIAL INVESTMENT PROPERTY (Delta) 44,366 sq.ft industrial facility in Tilbury. 1.62 Acres. Fully leased. 6.4% Cap rate ........................................ $4,690,000

ALF SANDERSON DELON CHEUNG 604-691-6646

604-691-6654

alf@naicommercial .ca

delon@naicommercial .ca

OFFICE DOWNTOWN NEW WEST BURNABY OFFICE/RETAIL s !PPROX SQ FT s 0RIME CORNER CLOSE TO TRANSIT s !VAILABLE *ULY ST

s 3& s 0RIME ,OUGHEED . 2OAD CORNER s 03& .ET

COQUITLAM OFFICE

SURREY OFFICE/RETAIL

s 0ROFESSIONAL CENTRE s SQ FT s .EAR 3KYTRAIN

s SQ FT +ING 'EORGE "LVD s !IR CONDITIONED ELEVATOR s !MPLE PARKING ZONED #

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

INDUSTRIAL – FOR LEASE &ULLY 0AVED :ONED !CRES TOTAL !BBOTSFORD #AN BE DEMISED TO SMALLER LOTS /FlCE AND COVERED WAREHOUSE #LOSE TO 53 BORDER AND (WY #OMPETITIVE RATES

FULLY LEASED LANGLEY INVESTMENT BUILDING CAP RATE 6.1% on. ASKING $3,295,000 s -ULTI TENANT RETAIL OFlCE MIX s 0ROFESSIONALLY MANAGED FOR OWNER EASE s SQ FT BUILDING s .ET INCOME OF 15.44 ACRES ZONED MULTI FAMILY AND COMMERCIAL ASKING $2,950,000 s ACRES ZONED 2 HIGH DENSITY MULTI FAMILY TO 4OWNHOMES s ACRES ZONED # #OMMERCIAL WITH FEET OF ROAD FRONTAGE s 'OOD HIGHWAY ACCESS TOWN HOUSE DEVELOPMENT SITE – ZONED, APPROVED, READY FOR DEVELOPMENT PERMIT $695,000 s 6IEW !CRES s :ONED 2 s !PPROVED FOR UNITS ASKING ONLY $13,113 per door

D

REDUCE

s #OMPLETION MIXED USE STOREY STRATA RENTAL s SUITES TWOS ONES ONE CONV

STUDIOS s %XCELLENT LOCATION s RETAIL OFlCE SUITES s 03&

Asking $11,750,000 PRINCE GEORGE, BC – FOR SALE 1245 20th Ave + 2050 Norwood St. s SUITE CONCRETE HIGH RISE s TOTAL ACRES s BACHELOR ONES TWO S s 3TABILIZED 0ROFORMA )NCOME #AP

PRINCE GEORGE, BC – FOR SALE

ACRE MAINLY BEDROOM UPGRADES ROOFS BOILER MOST SUITES ETC PER SUITE Asking $11,000,000

TED WEIBELZAHL 604-514-6825 or 1-800-890-9855

PRINCE GEORGE, BC – FOR SALE

251 Units – 2 Properties

tedw@naicommercial.ca Chilliwack Apartment / Comm. Building With Development Potential UĂŠ Ă€ÂœĂƒĂƒĂŠ ˜Vœ“iĂŠf£ÇÓ]Ă“ĂˆäĂŠUĂŠ ÂœĂŒĂŠĂƒÂˆâiĂŠ°Â™ĂŠ VĂ€iĂŠ UĂŠ ĂƒÂŽÂˆÂ˜}ĂŠ*Ă€ÂˆViĂŠfÂŁ]™nä]äää

Kamloops Mobile Home Park UĂŠĂŽ{ĂŠÂŤ>`ĂƒĂŠÂœÂ˜ĂŠĂˆ°nÂŁĂŠ>VĂ€iĂƒ UĂŠ Ă€ÂœĂƒĂƒĂŠ,iĂ›°ĂŠfÂŁĂˆĂˆ]äää]ĂŠ >ÂŤĂŠ,>ĂŒiĂŠÂœvÊǯ UĂŠ ĂƒÂŽÂˆÂ˜}ĂŠfÂŁ]nää]äää

770 EAST HIGHWAY 16 s ACRES NEXT TO ACRE !IRPORT ,OGISTICS $EV 0ARK s 'RAVEL EXTRACT UP TO MILLION METRES PERMITS s ,ONG TERM BUILD OUT W PRISTINE VIEWS OF 0RINCE 'EORGE

Asking $4,750,000

MICHAEL MARCKWORT 604-691-6638

PETER SEED

michael@naicommercial.ca

604-691-6608

BUSINESSES FOR SALE MECHANICAL SHOP (North Vancouver) ,ONG ESTABLISHED SQ FT BAYS MECHANICAL SHOP IN VERY CONVENIENT AREA 'OOD LEASE ./) ........................................................................................................$98,000 BLUEBERRY FARM (Abbotsford) 3ITUATED ON PRIME -ATSQUI mATS 4HIS WELL MAINTAINED FARM WITH NEW SQ FT HOUSE OFFERS MATURE "LUECRO P AND $UCE 3ET UP FOR MACHINE PICK #OMPLETE DRIP IRRIGATION SYSTEM ....................................$2.1mil JEWELERY STORE (Vancouver) 6ERY WELL KNOWN STORE IN BUSY 6ANCOUVER S SHOPPING DISTRICT ,OW RENT ............................................................... $280,000 + Inv.

CHRIS WIESER 604-691-6662

COURT ORDERED SALES 397 Acre Development Site, Sechelt BC s :ONED #$ MIXED USE RESIDENTIAL COMMERCIAL RECREATIONAL s !PPROXIMATELY FEET OF WATERFRONT ON 0ORPOISE "AY s Price: $22,250,000 459.1 Acre Development Site, Cranbrook BC s :ONED #$ 5( 2 ALLOWING FOR LOW MEDIUM DENSITY RESIDENTIAL s 3URROUNDING 'ARY 0LAYER DESIGNED GOLF COURSE s Price: $17,000,000

CURRENCY EXCHANGE (Surrey) 0ROlTABLE YEARS WITH THE CURRENT OWNER SQ FT BUSINESS LOCATED AT THE BUSY ROAD 'OOD LEASE AN D EASY PARKING ..........................................................................................................................$150,000

3,070 sq. ft. Retail Commercial Development, Pemberton BC s 'AS BAR -AC$ONALD S ON SITE s Price: $1,690,000

RESIDENTIAL INVESTMENT (Vancouver) 0RIME +ITS 0OINT SQ FT HALF DUPLEX WITH SQ FT PATIO 5NOBSTRUCTED VIEW OF 6ANIER 0AR K AND HIGH CEILING CROWN MOLDINGS AND SOLID MAPLE HARDWOOD mOORS #OULD BE LEASED A T MONTH ........................................................................................................................ ...$1.088M

0.82 Acre Light Industrial Lot, Squamish BC s :ONED L ALLOWING FOR INDUSTRIAL RETAIL AND COMMERCIAL USE s Price: $450,000

EURO DELI (Coquiltam) 7ELL ESTABLISHED PROlTABLE DELICATESSEN WITH SMOKE HOUSE 'OOD LEASE .......................................................Assets $173,000 plus Inv.

604-514-6830 TF: 1-800-890-9855 kiers@naicommercial.ca

KELOWNA, BC – FOR SALE

99 PAD PHASED MANUFACTURED HOME PARK LAC LA HACHE BC. ASKING $650,000 s "RAND .EW n .O INCOME 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 !LL ZONING AND APPROVALS IN PLACE s 0ROFORMA ESTIMATES PAD RENTAL GROSS INCOME OF ANNUALLY

COMMERCIAL / RESIDENTIAL PROPERTY (Gibsons) -IXED USE )NVESTMENT # 2 SQ FT COMMERCIAL BUILDING ON ACRE PROPERTY 4HIS PROPERTY OFFERS EXCELLENT POTENTIAL WITH UNSURPASSED VIEWS OF THE 4RAIL )SLAND 0OTENTIAL USE EXISTING BUILDING AS A NEW START UP BUSINESS BUILD A DUPLEX IN THE BACK AREA OR DEVELOP ENTIRE PROPERTY .................................................................................. $438,000

OWNER MOTIVATED !

KEN KIERS

MERRITT MINI STORAGE $1,475,000 s !LWAYS NEAR FULL OCCUPANCY s -IX OF STEEL CLAD BUILDINGS PARTIAL SPRINKLERS AND STEEL CONTAINERS s ACRE LOT ADJOINING ACRE LOT ALSO AVAILABLE FOR EXPANSION

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

165 Acre Development Site, Abbotsford BC s 3EVEN PARCELS TOTALING ACRES s Price Reduced: $9,900,000

INDUSTRIAL & DEVELOPMENT SITES 12,000 sq. ft. Strata OfďŹ ce/Warehouse, Richmond BC s :ONED ) ALLOWING FOR INDUSTRIAL RECREATIONAL COMMUNITY AND EDUCATIONAL USE s Price: $1,695,000

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

Committed to Canada. Connected to the World.

Lower Mainland A13

WESTERN INVESTOR APRIL 2011 www.westerninvestor.com

retailers. Tony Lavilla, Mondetta’s branding director, said it has already signed “test buy� agreements with several players, includingEquinox, an exclusive line of workout gyms in the U.S., and Paragon Sports, an elite retailer in New York, to carry Mondetta’s MPG line of highperformance workout wear. He said the deals are a “huge score� for the company because other retailers and companies look to Mondetta because of its track record for finding the next big thing. “The showroom gives us home turf in a controlled environment. Previously, we’d have to take clothes out of a garment bag when we’d have appointments with retailers, which could mean they got crumpled. Now our clothing is ready and looking perfect,� he said. – Geoff Kirbyson

*OOPWBUJWF GJUOFTT

eff Sharpe and Matthew Young founded Innovative Fitness in 1995, shortly after graduating from the University of British Columbia with degrees in human kinetics. Now they are muscling into workout videos with a heavy hitter from the ultimate fighting arena.

+

The business partners offered personal training services anywhere they could – in the comfort of clients’ homes, in parks and in rented gym spaces. After experiencing two years of sustained

Lake Lodge in Whistler. While larger gyms tend to offer memberships to anyone looking to shape up, Innovative’s services are more exclusive. The company’s 3,000 clients, many o f Been turned down by your bank? whom are from the Lower Mainland’s tony neighbourhoods of West Vancouver, White We offer private mortgages Rock and Point Grey, receive one-on-one, starting at 5.75%! by-appointment-only training in small, intiCall us or apply online mate, 3,500-square-foot gyms that never have for a quick approval! more than eight to 10 customers working out at once. “It’s unlike every other gym because it’s AMP exclusively personal training,� said Sharpe. “It’s a fairly high-end service because you Telephone: 604-614-6899 need to have discretionary income to hire a perToll Free: 1-866-614-6899 sonal trainer for all of your training.� www.LoanBox.ca In order to be able to deliver their personal training services to a wider demographic, Sharpe and Young, under a new company that ALEMOUNT / ASPER they formed, which is called Digital Shelf AREA B.C. Space, have now developed an online tech- s 0RESENTLY FRANCHISED AFl LIATED "EST BUY UNIT -OTEL PLUS SEAT RESTAURANT LOUNGE /N nology platform for selling personal training PRIME 9ELLOWHEAD (WY .O 4RUCK STOP LOCATION videos as streaming video, DVDs or downloadJeff Sharpe of Innovative Fitness: going AND EXCELLENT FRONTAGE !SKING $4,888,888 able files. !PPROX TO #!0 RATE FULLY RENOVATED digital with help from a heavyweight. Digital’s first project is a series of six mixedPRIME LAND ON ACRES 0OSSIBLE TO FRANCHISE 4O (OLIDAY )NN %XPRESS OR (AMPTON )NN demand, Innovative opened its first gym at martial-arts-inspired DVD workouts starring 10th Avenue and Arbutus Street in Vancouver’s Mixed Martial Arts heavyweight Georges s (OLIDAY )NN 2ESORT ,OCATION ...........$13 Million s (OLIDAY )NN %XPRESS )NTERIOR $10 Million Kitsilano neighbourhood, where its flagship St-Pierre. s "EST 7ESTERN "# )NTERIOR $8.2 Million Digital completed a reverse takeover in remains today. Innovative now has six gyms – two wholly January to list publicly on the TSX Venture s "URNABY -OTEL $3.9 Million s $OWNTOWN 6ANCOUVER (OTEL $10.5 Million owned and four that are franchises – in the Exchange. s "URNABY "# -OTEL $5 Million Lower Mainland, and service agreements in In connection with the transaction, Digital Karim Ali Merali 1-250-566-0072 or which it provides training services within the completed a $1 million private placement. ◆ Toll Free 1-888-830-7888 NEW Four Seasons Hotel in Vancouver and theNita – Curt Cherewayko/BIV WORLD Cell 604-657-3448 REALTY Email karimerali@gmail.com

Residential Private & Second Mortgages

AJIT HUNDAL,

Photo: Business in Vancouver

"55*56%& from A11

V

MEHRAN MOALLEM

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

B.Elec. Cert. Marketing

Excellent income property

Business and Commercial Consultant

778-858-9025

in downtown Powell River. Ocean view building with retail & residential income plus large, pay-per-use parking lot adjacent to ferry terminal. $429,900

mehranmoallem@gmail.com

With over 25 years combined sales and retail experience

IS YOUR BUSINESS FOR SALE? CABINET & WOOD WORKING MANUFACTURING Corner unit, almost 5,000 sq ft, established for 5 years, great location & visibility. Port Coquitlam

$1,189,000

INDOOR AMUSEMENT PARK Fun business for the family. 7,500 sq ft, includes: laser tag, bumper cars, wall climbing & more with replacement cost over $700 k. Looking to expand a business for more income, here is your chance. Surrey $559,000

RE/MAX CITY COMMERCIAL DIVISION

www.BondedBusinessBrokers.com RETAIL & COMMERCIAL SPACE, CORNER UNIT Turn key & ready for your ideas of retail, ofďŹ ce, 750 sq ft corner unit. Coquitlam

$499,000

J

JERUSALEM DONAIR & FALAFEL Turn key operation on a very busy street. Original Jerusalem Donair and falafel. Spent over $100,000 in equipment and ďŹ xtures. Long term lease, great rate and motivated to sell due to unexpected personal matters. Port Moody $59,000

NE PRI W CE

NEW

Ideal commercial building site

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

In-Town Oceanfront Property

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

MagniďŹ cent Waterfront Acreage

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

Incredible Location!

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

Ideal Agri-Business Opportunity Business with propertyBusiness only

TANNING SALON

DONAIR SHOP, FAST FOOD REST.

Great location, visibility. lease and rent rate for this 15 year established business. Own one of the most fun and easiest to operate businesses around. Huge potential for future growth. Hurry up before it is late. Vancouver $89,000

Your search is over. Be your own boss and enjoy this money making well established Donair shop. It can easily be run with one full time and a part time staff or family member. Great rent, visibility and lease. Port Coquitlam $69,000

NEW

Business only

Property

Business only

102 acres fairly level land; many possibilities; easy access; in ALR

GLASS FABRICATIONS & TEMPERING PLANT

RETAIL & COMMERCIAL SPACE

Great Investment Property

This is a golden opportunity to buy 34,000 sq ft of facility at a fraction of the cost replacement value. If you are a business manager, sales can increase to 20 times its current. Coquitlam $1,190,000

NEW PRIC

WANTED!

Coquitlam

$669,000 U CONNDER TRA CT

E

$55,000

Business only

930 sq ft of brand new space for professional ofďŹ ce or retail.

Business only

Property Sale / Lease

YOUR BUSINESS, DEAD OR ALIVE! I have clients for it. I EVALUATE, PRICE, MARKET AND SELL!

$569,900

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

Aroma's Gourmet Coffee & Lunch Well established; coffee & Lunch. Well established; steady clientele. Leased space on active business complex; Across from Airport. Financials available. $59,900

HOT PROPERTIES

Investors Dream!!

ED ER D SI N

MLSÂŽ 10021642

Great updates including neutral paint, all ooring, main oor blinds and stainless steel kitchen appliances with convection oven.

O

$429,900

!

You’ll love this large private rancher walkout with up & down suites including a lovely lake view.

C

!02), s

Long term tenants just moved out and it’s ready for new tenants! Call TRACEY BOORMAN at 250-864-6606 or 1-800-367-3339 RE/MAX Kelowna Westside

More photos at www.traceyboorman.com

Kelowna B.C. Big White Ski Resort

ES

Updated Main oor includes 3 bed/2 full bath, lower level suite includes 1 bed+2 dens/1 full bath (can be easily used as 3 bedrooms with large closets in each of the two dens), separate laundry, includes 10 appls., huge oversized garage, huge yard, massive deck and tons of parking!

TR

A

D

Client owns three single family chalet lots with no time line to build. Exclusive Feathertop Estates lots from $279,000. Owner will trade

one or all three for income producing properties anywhere in Western Canada. MLS# 10003614

Walking distance to all the new shopping in West Kelowna including Walmart, Superstore, all amenities. It’s a must see! $20,000 below assessed value!

Peter MacLeod Email pmac@mountainrealty.ca for more info or 1-877-765-1577

N

CAMPBELL RIVER (15 MIN.)

Elkhorn is located 15 minutes south of Campbell River in the York Road area. These open area acreages, many with views and water features, have easy access to the Inland Island Highway. Nearby amenities include Storey Creek Golf Course, waterfront on Oyster Bay and Mount Washington.

ACREAGE LOTS STARTING AT $3600 PER ACRE Acreage lots also available at Headquarters, please enquire.

COURTENAY (35 MIN.) NANAIMO (90 MIN.) VICTORIA (180 MIN.)

Realty Ltd.

TOLL FREE 1.877.239.4811

*Lot boundaries are approximate only. The Developer reserves the right to withdraw offer at any time. E.&O.E.

COUVERDON.COM

WESTERN INVESTOR APRIL 2011 www.westerninvestor.com sss

Recreational Real Estate HOT PROPERTIES A15 s

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

www.landquest.com LandQuest Realty Corp SmithersÊqÊ i ÃÊ Ài LandQuest Realty Corp CourtenayÊqÊ ÕÀÌÊ i Ãi LandQuest Realty Corp NanaimoÊqÊ i> Ê Õ `Þ

DEAN RIVER LODGE CENTRAL COAST, BC

UÊ "ÀÛ ÃÊ ` ÀÃi`ÊÜ À `Êv> ÕÃÊ `}iÊ UÊ -Ìii i>`Ê> `ÊÃ> Êv ÞÊv à } UÊ ÎnäÊV >Ãà v i`ÊÀ `Ê`>ÞÃÊ UÊ ÎÊV>L ÃÊv ÀÊÈÊ}ÕiÃÌà UÊ > Ê `}i]Ê` }Ê> `ÊVÀiÜʵÕ>ÀÌiÀÃÊ UÊ -ÌÕ }ÊÃVi iÀÞÊÜ>ÌiÀv> ]Ê Õ Ì> ÃÊEÊ Vi> vÀ ÌÊÊÊÊÊ" ÞÊ $995,000 2ICH /SBORNE RICH LANDQUEST COM

CATHIE’S COTTAGE TOFINO, BC

UÊ*> À> VÊ6 iÜÃÊEÊ, }Ê-ÕÀv UÊ ÕÃÌ ÊLÕ ÌÊÎ]ÇääÊÃvÊÌÜ Ê iÛi Ê i UÊ"Vi> vÀ ÌÊÜ Ì Ê ÛiÊÃiVÕÀ ÌÞÊÛ `i ÊÃÞÃÌi UÊ/Ü ÊV « iÌiÊÀiÛi ÕiÊ«À `ÕV }ÊÃÕ Ìià UÊ ÕÌiÃÊÌ Ê/ v Ê> `Êà «« } UÊ* Ìi Ì > Êv ÀÊ-ÌÀ>Ì>Ê «iÀ>Ì UÊ $2,650,000 Ü Ì ÊiÝVi i ÌÊ ÛiÃÌ i Ì

LandQuest Realty Corp Cariboo – >ÀÃ Ê ÀÜ>À` LandQuest Realty Corp Williams LakeÊqÊ Ài``ÞÊ >À Ã LandQuest Realty Corp Fraser ValleyÊqÊ Ài``ÞÊ >À Ã

BABINE NORLAKES STEELHEAD CAMP

UÊ *À v Ì>L iÊÌÕÀ iÞÊÜ À `ÊV >ÃÃÊi ÌiÊ v à }ÊLÕð UÊ ÈÓäÊV >Ãà v i`ÊÀ `Ê`>ÞÃÊ UÊ >ÌÊ>VViÃà UÊ } ÊÀ>Ì ÊÀi«i>ÌÊV i Ìi i UÊ > ÊV> «Ê« ÕÃÊ>ÊÃ>Ìi ÌiÊV> « UÊ $1,600,000 $ENIS $ORE DENIS LANDQUEST COM

RECREATIONAL WATERFRONT LOTS, BURNS LAKE, BC

UÊ ViÊ vÊnÊÜ>ÌiÀvÀ ÌÊ ÌÃÊ Ê ÕÀ ÃÊ > iÊ ÊÌ iÊ > iÃÊ ÃÌÀ VÌÊ vÊ

UÊ ,> }iÊ Êà âiÃÊ vÊ£° nÊ>VÀiÃÊÌ Ê£ä°ÈÊ>VÀiÃÊ UÊ *À ViÃÊÀ> }iÊvÀ Êfx{] ääÊÌ ÊfÈ ]xää UÊ >ÌÊ>VViÃÃ°Ê ÊÃiÀÛ ViÃ°Ê UÊ -ÕL ` Û Ã Ê ÃÊV « iÌi $ENIS $ORE DENIS LANDQUEST COM

SERVICE STATION W/ CAMPGROUND 120 ACRES - PRIVATE WATERFRONT - 70 MILE HOUSE & OTHER BUS. - DEEP CREEK, BC

UÊ ,ivÕÀL à i`ÊÈäÊvÌÊ L iÊ i UÊ À i`ÊÜi ÉÊÌiÃÌi`ÊÉÓ{äÊvÌ UÊ ÃiÊÌ Ê Àii Ê > i UÊ 9i>ÀÊÀ Õ `Ê>VViÃà UÊ À}i ÕÃÊÃÕ iÀÊEÊÜ ÌiÀÊ}iÌÊ>Ü>Þ UÊ £{½ÊÝÊ£{½Ê*À Û>ÌiÊv >Ì }Ê` V Ê UÊ {Ê ÕÀÃÊvÀ Ê6> V ÕÛiÀ° $299,900

UÊ -iÀÛ ViÊ-Ì ÊÜÉÊ Ì µÕiÊEÊ Û°Ê-Ì ÀiÊEÊ

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Èä{ ÈÈ{ ÇÈÎäÊUÊ£ nÈÈ xxn Ê­xÓÈή PARTY & EVENTS RENTAL BUSINESS, PRINCE GEORGE, BC

UÊ *iÀviVÌÊv ÀÊ>Ê >À}iÊv> Þ UÊ Õ ÞÊiÃÌ>L Ã i`Ê iÞÊ > iÀ UÊ *>ÀÌÞÉÊiÛi ÌÊÀi Ì> ÊLÕÃ iÃÃ UÊ Õ}iÊiµÕ « i ÌÊ ÃÌ]Ê} }ÊV ViÀ UÊ - `ÊÀi«i>ÌÊVÕÃÌ iÀÃ UÊ -i }Êv ÀÊ i> Ì ÊÀi>Ã Ã UÊ $325,000

11 ACRE MARINA HARRISON HOT SPRINGS, BC

UÊ * ÕÃÊ Ê£°nÇÊ>VÀiÃÊv >ÌÊÕ« > `Ê«À «iÀÌÞÊ UÊ ÃiÊÌ Ê>ÊÎÊ Ê« «Õ >Ì ÊL>Ãi UÊ >ÌÊà «ÃÊV> ÊLiÊà `Ê ÜÊv ÀÊµÕ V Ê ÀiÌÕÀ UÊ * Ìi Ì > Ê Ìi Ê ÀÊV ` Ê`iÛi « i Ì UÊ >À >ÊÓÓäÊà «ÃÊ Ê>««À Ûi`Êv ÀÊÎää UÊ n{ä½Ê > ivÀ ÌÊÊÊÊ$6.8M

"RIAN (ARRIS BRIAN LANDQUEST COM

"RIAN (ARRIS BRIAN LANDQUEST COM

PINKNEY COMPLEX 100 MILE HOUSE

24.5 ACRE DEVELOPMENT NELSON, BC

UÊf£ÈÈ]äääÊ iÌÊ«iÀÊÞi>À UÊÓ]xääÊõÕ>ÀiÊviiÌ UÊ iÛiÀÊà `ÊLiv Ài UÊ ÊÀi«> ÀÃ]Ê} `ÊÌi > Ìà UÊ Ì Û>Ìi`ÊÃi iÀ UÊ $1,695,000

UÊ£äÊ ÕÌiÃÊvÀ ÊÌ Ü Ê ÊÌ iÊ ÀÌ Êà Ài UÊ ÀÃÌÊ« >ÃiÊV « iÌi UÊ-iÀÛ ViÃÊÌ Ê«À «iÀÌÞ UÊ, £Êâ }Ê> ÜÃÊÃiÛiÀ> ÊÕÃià UÊ Ìi >ÞÊ > iÊ> `Ê Õ Ì> ÊÛ iÜà UÊ"ÕÌÃÌ> ` }Ê ÛiÃÌ i ÌÊJ $599,000

#LIFFORD 3TONE CLIFFORD LANDQUEST COM

#LIFFORD 3TONE CLIFFORD LANDQUEST COM

&REDDY -ARKS

&REDDY -ARKS

3A® Network Group

3A® Network Group

,ARRY ,AING LARRY LANDQUEST COM

DOOR TO DUMP DISPOSAL PROFITABLE BUSINESS

COUGAR ANNIE’S GARDEN CLAYOQUOT, BC

LARGE NICOLA LAKE DEVELOPMENT ACREAGE

BRIDGE LAKE WATERFRONT CARIBOO

SQUIRREL COVE TRADING CO. CORTES ISLE - DESOLATION SOUND

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ÌÌi Ì Ê iÛi «iÀÃÉÊ ÛiÃÌ ÀÃtttÊ UÊ 1-/Ê, 1 Ê"6 ,Ê£Ê " ÊfffÊ UÊ Ó {Ê>VÀiðÊ" ÞÊÓ°xÊ ÕÀÃÊvÀ Ê6> V ÕÛiÀÊ UÊ i à ÌÞÊ vÊÈÓÊÌ ÀiiÊLi`À ÊiµÕ Û> i ÌÃÊ UÊ L iÊÜÉÊÀi > }ÊV iÀV > Ê Ü>ÌiÀvÀ ÌÊ ÌÃÊEÊ VÀi>ÃiÊÌ Ê£änÊ UÊ VÀi` L iÊÛ iÜÃÊ vÊ V >Ê > iÊEÊ ÃÕÀÀ Õ ` }Ê ÃÊÊÊ $2,995,000

$AVE #OCHLAN DAVE LANDQUEST COM

3AM (ODSON SAM LANDQUEST COM

3AM (ODSON SAM LANDQUEST COM

(EATHER AND -IKE $ILLON HEATHERANDMIKE LANDQUEST COM

*ASON :ROBACK *AMIE :ROBACK

1939 HERITAGE BOUTIQUE HOTEL SUNSHINE COAST, BC

KOOTENAY RIVER ACREAGE CANAL FLATS, BC

OKANAGAN LAKEFRONT ACREAGE

THE POINT DENMAN ISLAND, BC

DEVELOPMENT ACREAGE CAMPBELL RIVER

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UÊ ÓÓ°ÎÊ>VÀiÃÊ i>ÀÊ` Ü Ì Ü Ê­Ã iÊÛ iÜ®Ê UÊ -« ÌÊâ }Ê Ê i` Õ ÊÌ Ê } Ê`i à ÌÞÊ UÊ Õ `Ài`ÃÊ vÊÊÕ ÌÃÊ« Ãà L iÊ UÊ ÊÃiÀÛ ViÃÊÌ Ê«À «iÀÌÞÊ UÊ "ÛiÀÊf{]äääÊ«iÀÉÊ °Ê V iÊ UÊ vÊV ÕÀÃiÊ>VÀ ÃÃÊÌ iÊÃÌÀiiÌÊ UÊ 6iÀÞÊ ÌÌ iÊ«Ài«ÊÜ À ÊÊÊÊ$1.975M

*ASON :ROBACK *AMIE :ROBACK

-ATT #AMERON MATT LANDQUEST COM

-ATT #AMERON MATT LANDQUEST COM

+URT .IELSEN KURT LANDQUEST COM

+URT .IELSEN KURT LANDQUEST COM

REDUCED PRICE - INDIAN ROCK RANCH - LITTLE FORT, BC

F-BAR-D RANCH MOBERLY LAKE, BC

DOUBLE T-GUEST RANCH 100 MILE HOUSE, BC

TROPHY LAKEFRONT ESTATE SHERIDAN LAKE, BC

DENMAN ISLAND DEVELOPMENT SITE

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UÊ Î]nääÊ>VÀiÃÉÊvi Vi` UÊ {ä]äääÊ>VÀiÊ}À>â }ÊÌi ÕÀi UÊ >V Ê }ÕÃÊV>ÌÌ iÊÀ> V UÊ ÇÊ Ê vÊvÀ Ì>}iÊ> }ÊÌ iÊ LiÀ ÞÊ, ÛiÀ UÊ iÊà ÌiÊÜÉÊL>À Ã]ÊÜ À à «ÃÊEÊ- i`à UÊ « iÌiÊV>ÌÌ iÊ > ` }ÊÃÞÃÌi UÊ fÓ]{ää]äää

UÊ ÃÌ À VÊ}ÕiÃÌÊÀ> V Ê`>Ì }ÊL>V ÊÌ ÊÌ iÊ £ Îä½Ã UÊ -iÌÊ Ê£{ÈÊ>VÀiÃÊÜÉÊÜ>ÌiÀvÀ ÌÊ ÊÓÊ > ià UÊ ,> V Ê ÕÃi UÊ £ÓÊÀÕÃÌ VÊV>L à UÊ ÛiÃÌ V ]ÊiµÕ « i ÌÊ> `ÊÌ iÊ>VÌ ÛiÊ LÕà iÃÃÊÊ1,485,000

UÊ "ÛiÀÊnää½Ê vÊ«À iÊ- ÕÌ Êv>V }]Ê ÜÊL> Ê Ü>ÌiÀvÀ Ì UÊ ÓÊÞi>ÀÊ `ÊLi>ÕÌ vÕ ÊVi`>ÀÊ }Ê i UÊ ÌÊÌÕLÊ> `ÊÃ>Õ > UÊ ÕiÃÌÊ ÕÃiÊ> `Ê Õ}iÊ}>À>}iÉÊà « UÊ ÈÊÕÃ>L iÊ>VÀiÃÊÜ Ì ÊL >ÌÊ >Õ V ÊEÊ` V UÊ 1,695,000

UÊ x{Ê>VÀiÃÊ ÊÈÊÌ Ì iÃ°Ê Ài>ÌÊ Vi> ÊÛ iÜà UÊ ««À Ûi`Êv ÀÊÃÕL` Û Ã Ê Ì ÊxÎÊ>VÀi>}ià UÊ * >ÃiÊ£Ê Ê£{Ê ÌÃÊÕ `iÀÊV ÃÌÀÕVÌ ÊÊ UÊ * Ìi Ì > Êv ÀÊÛ iÞ>À`ÃÊ UÊ9i>ÀÊÀ Õ `ÊÀiVÀi>Ì Ê> `ÊÀià `i Ì > Ê>Ài> UÊ i>ÀÊ ÝÊ ÌiÀ >Ì > Ê À« ÀÌÊ UÊ $8,800,000

#AMERON 3TONE CAMERON LANDQUEST COM

#AMERON 3TONE CAMERON LANDQUEST COM

#ARSON $ORWARD CARSON LANDQUEST COM

#ARSON $ORWARD CARSON LANDQUEST COM

$AVE #OCHLAN 2ICH /SBORNE

UÊ ÊÕ µÕiÊÀ Ã]Êë>V ÕÃÊÎÊLi`ÉÊÓÊL>Ì Ê ii«iÀÃÊÀià `i Vi UÊ V Õ`iÃÊvÕ Ê «iÀ>Ì }ÊÀiÃÌ>ÕÀ> ÌÊ UÊ V>Ìi`Ê Ê7iÃÌiÀ Ê > >`>½ÃÊ ÞÊ iÀ Ì>}iÊ` ÃÌÀ VÌÊ UÊ Ê«iÀviVÌÊ viÃÌÞ iÊ «« ÀÌÕ ÌÞÊ Ê iÊ vÊ ½ÃÊv iÃÌÊV Õ Ì iÃÊÊ$549,000

UÊ Ài>ÌÊÀiVÀi>Ì ÊÜ>ÌiÀvÀ ÌÊ«À «iÀÌÞ UÊ > Ì>ÃÌ VÊv à }Ê> `ÊL >Ì }Ê > i UÊ -Õ«iÀLÊÜiÃÌiÀ ÞÊÛ iÜà UÊ +Õ iÌÊ V>Ì Ê UÊ >ÃÞÊ>VViÃÃÊÞi>ÀÊÀ Õ `Ê UÊ -Ü Ê vvÊÞ ÕÀÊ` V Ê UÊ $340,000

UÊ -µÕ ÀÀi Ê ÛiÊ i iÀ> Ê-Ì ÀiÊEÊ/ iÊ ÛiÊ ,iÃÌ>ÕÀ> Ì UÊ Ó°xÊ>VÀiÊV iÀV > ÞÊâ i`Ê Vi> vÀ ÌÊ UÊ V Õ`iÃÊ}À ViÀ iÃÊEÊ >À`Ü>Ài]Ê µÕ ÀÊ Ã> iÃ]Ê« ÃÌÊ vv Vi]ÊvÕi ÊÃ> iÃ]Ê ÊL`À Ê >VV `>Ì ]Êv Àià ÀiÊ Vi ÃiÊEÊ ÕV Ê ÀiÊÊÊ$1,350,000

A16 Recreational Real Estate HOT PROPERTIES/Lower Mainland STRATA OFFICE SPACE Fleetwood, Surrey

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

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

QUEENS HOTEL & LIQUOR STORE on 110,000 sq ft zoned Hi-Rise C-7 in the heart of Queensborough Super Development Site. 26 rooms. All totally redone. OFFERS!

Brooks, AB – 28 pads, 16.75 acres .......... 1,100,000 Cherryville, BC – 25 pads, 22 acres.............. 750,000 Langenburg, SK – 60 pads, 14 acres ............ 525,000 Houston, BC - MH & RV Park, 40 ac+/- ....... 399,000

> 1015 square feet; 2nd floor > Hardwood floors > Bright, secure & close to all amenities

$179,900

Toll Free: 1-888-251-2822 Direct: 604-302-3771 Fax: 1-888-804-1394 Email: hjesse@mobileparks.com www.mobileparks.com

APRIL 2011 WESTERN INVESTOR

MAPLE RIDGE PUB & LIQUOR STORE $4.2 MILLION, NETS OVER $700,000. WILL SELL SEPARATELY.

Jim Young

NEW WESTMINSTER PUB & LIQUOR STORE $2,950,000 (SHARE SALE)

604-538-6189

CHILLIWACK – PUB & LIQUOR STORE & RESTAURANT excellent money maker REDUCED $2.4 Million. Great lease. SELLER MOTIVATED! TRY YOUR OFFER!

HOMELIFE BENCHMARK REALTY

Homelife Glenayre Realty

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

SURREY PUB & LIQUOR STORE – Money maker. $2,000,000. SHARE SALE.

Hurry!

QUEENSBOROUGH DEVELOPMENT PROPERTY – Many options – cleared land, approx 34,000 sq ft – zoned commercial/residential. 3 PROPERTIES - OWNER MOTIVATED BURNABY PUB & LIQUOR STORE –Business only. $2.5 Million 3 SURREY PUBS IN BUSY SHOPPING CENTRES - PRICED BELOW REPLACEMENT GREAT TERMS.

Introductory pricing now available on lakefront, marina, lake view and pond lots on Last Mountain Lake, SK Lot prices start at $165,900 for lake front; $135,900 for marina; $69,900 for lake view and $49,900 for waterfront pond lots. All lots have no immediate building commitment. Reserve your lot selection with only 5% down. Home package pricing and a limited number of marina slips are also available.

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

BARRY BOCK / DON KAYTOR Phone HOMELIFE BENCHMARK TITUS REALTY

604-575-5262

Phone

604-576-9285

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

Visit www.SunsetAcres.com for details, call 1-800-220-4865 or email info@sunsetacres.com

INVESTOR ALERT! OCEAN FRONT • KIHEI, MAUI Located at 1210 Uluniu Road, 150 feet (2 – 75’ lots) with direct ocean frontage. Gorgeous sandy beach, beautiful mature palm trees. Newly renovated 1,200 s.f. home with garage. Proposed 4 high-end townhomes of approx. 1,625 s.f. ea. or 2 executive homes. Located near shopping, restaurants, schools and all amenities. MAUI, HAWAII 4.3 acres development site zoned condo/hotel 1/2 block to ocean and beautiful beaches, great ocean views, all amenities. Drawings available for 124 units (all 2 bedrooms). 25% - 100% of project available. Water and permits available, possible 34 timeshare units Maui is a world renowned destination. Possible trades for revenue property.

Call

Dennis Blain

403-246-1697 • Email: dennis@nokaoidev.com Website: www.nokaoidev.com

SPROAT LAKE - STRATA-TITLED CAMPSITES- from $169,000 -

Lakeshore Campground on pristine Sproat Lake 26 level sites, underground services Steps to large sandy beach Private swimming area with waterslide Boat slip included with purchase

THE MAPLES ON SPROAT LAKE - from $399,000 -

24-unit strata-titled development Brand new vacation homes, 5 floor plans Spacious, private decks, appliances included Beach, trails, boat slip, large dock All the benefits of Sproat Lake without the cost!

DAVE KOSZEGI Realtor

of Nanaimo Each Offi ce independently Owned and Operated business / pager 250.723.SOLD (7653) office 250.751.1223 toll free 1.888.246.8695 email dave@midislandhomes.com web midislandhomes.com davekoszegi.com 723sold.com

www.westerninvestor.com

FULLY LEASED

Asking

$2.1 million DON'T MISS THIS GREAT PRICE!!

6 yr old 12,566 sqft Industrial Building in Excellent location on 31279 sqft Corner Lot Excellent tenants, room to expand with 2nd floor in existing building, storage yard in the back. 160 RESTAURANT, approx 4 yrs old—Going Concern in busy Shopping Center with Safeway, Liquor store, Blockbuster, HSBC, Envision Bank,,, This Restaurant is gorgeous, 5605 leasable area Includes all chattels, over 800,000 in tenant improvements, if you are looking for a restaurant this has EXCELLENT VALUE.. Good client base, assets sale only, you would never be able to build this restaurant for anywhere near this price, PRICE TO SELL $298,000 LAUNDRY MAT - FIRST TIME ON THE MARKET, in same location for 15 yrs with same owner for 15 yrs, this is in busy shopping center, 19 washers,15 dryers, this Cash business makes money, all machines are in excellent condition and owner is willing to train. PROFITABLE BUSINESS THAT MAKES SENSE, Price is very reasonable at $239,000.

NEED SHOP / THIS IS IT ----M1 Zoned approx 4400 sqft building on 8000 sq ft lot on Alexander St in Chilliwack. Retail unit of approx 1150 sq ft with Shop of approx 2000 sqft. Also includes an apartment upstairs, THIS IS A GREAT PROPERTY FOR MECHANIC OR SOMEONE WHO NEEDS SHOP WITH RETAIL SPACE, VERY CLOSE TO MCDONALDS. $699,000

LINDSEY GAUTHIER phone: (1) 604 798 2977 CHILLIWACK

email: LGAUTHIER @SUTTON.COM

A17

WESTERN INVESTOR APRIL 2011 www.westerninvestor.com

REGIONAL ROUNDUP High-density urban “villages� planned to meet residential and commercial demand

3JDINPOE " SBQJE USBOTJU PETER MITHAM WESTERN INVESTOR ichmond may be the jewel at the mouth of the Fraser River and a favoured destination for Chinese buyers, but its fortunes are inseparable from the transportation infrastructure being developed around it.

Photo: BC Transit

Connected to downtown Vancouver by the Canada rapid transit line and to the rest of the world by Vancouver International Airport, Richmond has been facing intense pressure to evolve to meet the new demands being placed on it. Current projections suggest the city’s population could reach 280,000 by 2041, with much of the growth happening in the downtown area centred on the retail corridor along No. 3 Road. The population here is expected to double to 100,000 people by 2041, with upward of 120,000 people within the century. To accommodate the growth,Terry Crowe, manager of Richmond’s policy planning division, said the city is focusing on transit-oriented development – by which he means high-density urban villages around key stations along the Canada Line. Ray Sagat, director of cargo and business development for the Vancouver International Airport Authority, said the Canada Line was also the impetus for a new, $250 million business park the airport plans to develop on 30 acres adjacent to Templeton station just off the line’s main track. But unlike other municipalities, Richmond can build only so high out of respect for air traffic in and out of Vancouver International Airport on Sea Island. Stations at Aberdeen Centre and Bridgeport are off limits for residential development, for example, and the entire downtown is limited to buildings of no more than 15 storeys. The arms of the Fraser River on either side

Photo: Aspac Development

3

of the city and the Agricultural Land Reserve to the east impose further constraints on development. This has made planning for downtown’s growth a challenge. “We have to fill it with the right things – live, work play – in the right amounts,� Crowe said.

%FWFMPQFS GSJFOEMZ

Richmond is developer friendly, however, and the Canada Line has underscored this. Building permits peaked in 2010 at $760 million, the first full year of the transit line’s operation. Yet residential development has long been seen as benefiting from transit access, with several projects brought to market in 2005 and 2006 in anticipation of the Canada Line’s completion, including Cressey Development Corp.’s three-tower Lotus development; Century Group’s two towers at Ocean Walk;

(ABOVE) Aspac Development’s massive River Green community: $280 million worth of real estate has sold already. (LEFT) Canada Line stations, such as Templeton: the focus of high-density development.

and the 183-unit Versante by the Toyu Group. Richmond’s City Centre Area Plan (CCAP) expects a station like Brighouse, opposite Cadillac Fairview Corp. Ltd.’s and Ivanhoe Cambridge Inc.’s 240store Richmond Centre shopping complex, will anchor a community of 26,000 to 30,000 residents and 15,000 to 19,000 jobs by 2041. Yet the highest-profile projects of late have been Aspac Development Ltd.’s River Green and Onni Group’s Ora, which benefit from proximity to the city-owned speedskating oval, an Olympic legacy, and a riverfront location near the city centre. The projects aren’t transit-oriented, but buyers aren’t concerned – Aspac, for its part, has sold close to 300 units, or more than $280 million worth of real estate here. The area’s potential seemed so rich that Aspac added the former Ritchie Bros. Auctioneers site to its original 2007 purchase of 18.6 acres adjacent to the speedskating oval. It now owns

the entire waterfront – 28 acres – between No. 2 Road and the Dinsmore Bridge, where the city expects 12,000 to 14,000 residents and 4,000 to 6,000 jobs will eventually exist. “[Aspac’s principals] believe in the future of that community along the river,� said George Wong, principal of Magnum Projects and Aspac’s designated spokesperson for the site.

"TJBO CVZFST

Unlike many other Richmond projects, River Green is drawing the majority of buyers – 80 per cent – from Vancouver, but Wong acknow ledged that many are recent immigrants. “There’s still a large percentage of Asian buyers, but they didn’t buy when they were in Shanghai, they didn’t buy when they were in Beijing or Tokyo or wherever,� he said. “They buy after they come here. They’re local Asians.� The riverfront location and proximity to Richmond’s downtown core and the airport

Please see Competition, page A18

-PXFS .BJOMBOE WINERY 1385 Frost Road, Lindell Beach

Gord Houweling

Your British Columbia Agricultural Connection Cell: 604-793-8660 • Toll Free 888-852-AGRI (2474) • info@farmrealtor.ca

RICHMOND LOTS 9 lots of land only available in Richmond, B.C. Near Granville Ave and Wesminster Hwy. No access lots, in the ALR. Excellent holding opportunity!

CLOVERDALE DEVELOPMENT POTENTIAL 55 Acres of Development Potential! 8 Agriculture lots; near 184th Street and within 2 km of Hwy 10. Great Location. Vendor Financing Available. Call today for details! GORD HOUWELING 604-793-8660 or NAV SEKHON 604-782-0988

WASHINGTON DAIRY FARM Mt. Vernon, WA

162 ACRE FARM. Picturesque 162 Acres with 3 Titles. Abundant opportunity! This farm is situated on scenic pastures and boasts a main residence totalling 3,200 sqft. Farm includes shop, silo pits, stall barns, lagoons, parlor and digester contract. 2nd Title consists of 2 Homes on 49 Acres; 3rd Title consists of 50 Acres of Land Only. $2,740,000 Parcels can be sold separately. To view these listings and more go to www.farmrealtor.ca

40 ACRE WINERY ESTATE. Unique opportunity to own one of the most distinctive winery estates in the Lower Mainland! Located near Cultus Lake, this turnkey business includes a High Capacity Industrial Winery, Processing Hazelnut Facility, 2,600 sqft home, and seasonal employee housing. Award wining on site store! $3,485,000

$

CATTLE RANCH 13 Allcock Road, Quesnel

THE MK RANCH. Located on the Fraser River with 2 1/2 miles of river frontage. The ranch consists of 651 deeded acres on 5 titles, 622 acres of Crown leased land, a total of 1273 Acres. Excellent 3 bedroom home and large barn. Full line of equipment included. $1,700,000

97 ACRES

896 Reclamation Road, Creston

97.55 ACRES (20 LIGHT INDUSTRIAL). Amazing opportunity to own 97+ Acres with so much potential. Square footage of all buildings totals 105,465 square feet; including Shop, 2-Level Office, storage sheds and more. Multiple water licenses that offer marketing opportunities. $5,500,000

INVESTMENT PROPERTY 1822 CLEARBROOK RD, ABBOTSFORD

CLEARBROOK EXCHANGE. Small home on 2.91 Acres located on the Southeast side of the Clearbrook Exchange. Excellent holding property! Call today for your complete information package. $1,388,000

HOUSE & ACREAGE • HOBBY FARMS • RANCHES • COMMERCIAL FARMS • CORPORATE SALES • LAND ONLY

A18 Lower Mainland

www.westerninvestor.com APRIL 2011WESTERN INVESTOR

Way and Minoru Boulevard as part of a fivetower residential development, for example. are key factors in the boom of the riverfront The space will be donated by the developer, but community. proximity to the downtown core and rapid tranCompetition is fierce, however. sit made the gift an appealing one to accept. MPC Intelligence Inc. notes that Richmond faces a significant stock of unsold inventory 3FUBJM TQBDF entering 2011, and with 530 units yet to be Similarly, commercial activity is also adjusting released in the market there will be little incen- to the anticipated growth. tive to bring new projects on stream. Fairchild Group’s Aberdeen Square, an Still, new projects have sold well and extension of Aberdeen Centre connecting the Wong expects supply to keep pace with shopping mall with the adjacent Canada Line buyer demand. He likens what’s happening in station, saw rapid sales in September 2010 Richmond to what Coal Harbour experienced when 250,000 square feet were offered to the a decade ago when he was marketing projects market. there for Aspac. Transportation infrastructure generally is “There are a number of projects on the mar- also positioning industrial properties for the ket, so it’s a beauty pageant of sorts,� he said. economic rebound that’s led the industrial One thing’s for certain: the influx of resi- market to one of the brightest new years in dents should help Richmond’s downtown core memory. grow up from a suburban centre to something “Investment activity was robust in 2010, more urban. with many investors capitalizing on both the “When Coal Harbour started developing low cost of borrowing and a number of quality with the high-end condo buildings, the busi- investment opportunities coming to market,� nesses on Robson Street grew and expanded Colliers International reported in its yearbecause it just fed a lot of consumers to the end survey of the Richmond industrial marclosest cluster of services, which was and still ket. Significant deals included Tonko Realty is Robson Street,� Wong said. “So in the same Advisors Ltd.’s sale of two properties totalvein, River Green is going to deliver a big- ling close to 160,000 square feet to a private ger customer base to ... the downtown core of investor for $18.2 million, and Hungerford Richmond.� Group’s purchase of 1700-1900 No. 6 Road Some of the development is happening with- for $14.7 million. in the residential towers. Steady leasing activity and no major addiTrinity Western Universityis going to open tions to the market are expected to keep vacana 22,000-square-foot campus at Elmbridge cies firm in the range of 3.6 per cent through

$0.1&5*5*0/ from A17

Roaron Construction “Your One Stop Shop�

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

604-888-7818

Call Now or Email roger@roaron.com

www.roaron.com

PACKAGE HOME MANUFACTURING COMPANY Surrey, B.C. Established 1979 Fully equipped production shop and material inventory. Auto Cad computer system. Customer list.

Asking $380,000.00 Phone (604)

619-5410 (604) 862-9915

Call Today For Your Management Proposal!!

Property Management 7 7

2VJDL GBDUT Vancouver Burnaby 7

99

1

New Westminster

RICHMOND

91

Delta Ladner

99

17

Tsawwassen

3JDINPOE # $ Population 196,858 Housing starts 1,421 (2010) Benchmark single-family house price $967,272 Benchmark condo price $346,422

2011. Still, the loss of inventory as residential projects develop closer to the core is a concern. Hundreds of thousands of square feet will be lost as areas are tagged to accommodate future residential growth. Richmond has about 325 acres zoned for industrial use in the city centre and planners have also set aside several areas for commercial and industrial use, but Crowe said everyone from residential to industrial developers are going to have to explore opportunities for densification. â—†

UNIQUE FRANCHISING OPPORTUNITIES

In Western Canada Are you the type of person who is community-minded, knows the value of excellent customer service, and enjoys interaction with other people? Then, we would like to offer you a turnkey package, complete with proven operating system, full training, and on-going support. You’ll meet the nicest people as you operate your business “handsonâ€?. We have been in operation since 1980 and have over 460 stores across Canada. If having a business of your own with the support of a successful franchise is of interest to you, please call Bonnie Armstrong at the Western Regional OfďŹ ce for more information 1-800-661-7682 (ext 270) or visit our website at www.franchise.mmmeatshops.com

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

GAS STATION

Call the realtor who has owned and sells Mobile Home Parks. Member of the MHP Owners Association.

MISSION s ,OUGHEED (IGHWAY .EWER STATION WITH RESIDENCE STORE AND ATTACHED 3UBWAY FRANCHISE LEASE #ALL FOR DETAILS

LOWER MAINLAND s PAD PARK WITH TWO HOMES ON ACRES Asking $1,295,000. 7.45% cap s PAD PARK WITH HOME ON ACRES #ITY 3ERVICES Asking $4M at 5.27% cap ALBERTA s PLUS PADS WITH 26 SITES ON #ITY 3ERVICES ON ACRES Asking $6,500,000 7.4% cap

Asking $4 M

COMMERCIAL BUILDING MISSION/DEROCHE BC !LMOST ACRE CORNER LOT FACING ,OUGHEED (WY WITH APPROX SQ FT PLUS METAL CLAD BUILDING WITH TWO LARGE BAY DOORS !UTO -ARINE MECHANICAL "ODY SHOP MANUFACTURING OR WELDING Asking $325,000

PUBS

For Sal e

SOUTH OKANAGAN PUB Liquor Store and Building for sale Asking $1.9 M

"Two Property Play" FOR SALE In Surrey Great Development Opportunity

NORTHERN BC PUB Land and Building opportunity Offered at $950,000

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

Bill Summers Direct line:

604-626-8894

Email: bsummers@telus.net

FOR SALE MALL COMPLEX 12 UNITS

BARE LOT STRATA SUBDIVISION

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FAMILY RESTAURANT

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˜VÂ?Ă•`iĂƒĂŠĂ“ĂŠV>ĂŒiĂ€ÂˆÂ˜}ĂŠVÂœÂ˜ĂŒĂ€>VĂŒĂƒ f£Î™]™ääĂŠ>Â?Â?ĂŠÂˆÂ˜VÂ?Ă•ĂƒÂˆĂ›i

Retail lease spaces available

HARRISON HOT SPRINGS

LOWER MAINLAND Pub & Liquor Store

Opportunities For Lower Mainland Pub Opportunities call:

JIM SCHROEDER Sutton Group Showplace Realty Ltd.

* Existing building with the neighbouring residential property available for an exciting redevelopment project

schroederj@sutton.com 1-888-355-6771 Chilliwack BC

JOHN JOHNSON

* Two contiguous legal parcels which together form a 14,520 sq. ft. Each lot is 7,260 sq. ft.

For Further Information, Please Contact: ADAM RABEDA T 604.376.5121s adam.rabeda@ecorealty.ca DAVID ENGLAND T 604.638.1568s david.england@ecorealty.ca

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

* A strong, long term Government tenant (15 yrs), looking to expand in to a "build to suit" ofďŹ ce building while continuing to occupy their current facility.

JOHN JOHNSON

Vancouver, BC

www.ecorealty.ca

Lower Mainland A19

WESTERN INVESTOR APRIL 2011 www.westerninvestor.com

Property Manager Macdonald Commercial

Looking for an Investment Suite In Vancouver?

Real Estate Services Ltd. GARY WEBB DON O’BRIEN | STUART WRIGHT |

| 604.341.7650

We can help you ďŹ nd the right suite and manage rental hastles for trouble free ownership.

| www.rgarywebb.com

604.219.1578 | www.macdonaldcommercial.com 778.859.2407 | www.macdonaldcommercial.com

1.3 acres located just steps away from Mill Lake and Seven Oaks Mall.

Bill Babcock BBabcock@telus.net

604-230-9392

DEVELOPMENT PROPERTIES

RARE INDUSTRIAL INVESTMENT FOR SALE

1765 Coast Meridian Road, Port Coquitlam, B.C. • 116,500 sq. ft. manufacturing/storage facility

• Steel-frame and metal-clad

with membrane roof

• M-2 zoning; 6.12 acres of land • Ceiling height: 24 ft. – 40 ft.

• 2500 KVA power sub-stations

• Dock and grade loading

• Vacant possession

• 4 5-ton overhead cranes

• Asking: $12,750,000

ERIC POON | 604.714.4768 | www.EricPoonCommercial.com

1. 2. 3. 4. 5. 6. 7. 8. 9.

95 unite site, mixed residential, 3rd reading 82 unit t/h site, appl.In Maple Ridge 50+ t/h site, 3rd reading Call for Fr. Valley blueberry farms Lg. Abbots. t/h site 5-unit t/h site Langley City, ready to go Langley City condo sites Mission area subd. Site. 1ac. lots Several good holding properties for res. dev.

FOR SALE • Kitsilano Strata unit, fully leased, 1,363 sq. ft., 5% return. Price: $689,000

FOR LEASE • Prime Kerrisdale retail space on West 41st Avenue. | Up to 5,209 sq. ft.

OKANAGAN GOLF DRIVING RANGE FOR SALE Land, building & business. • Approx. 10 acres in ALR. List Price: $1,975,000

BRIAN TATTRIE | 604.714.4783 | www.briantattrie.com FOR SALE: STRATA RETAIL OPPORTUNITY | FULLY TENANTED

555 North Road, Coquitlam, B.C. • Currently 100% leased to 6 tenants

• 55 commercial strata lots

• Available either individual or bulk sale

• 24 parking stalls • Across from Lougheed Town Centre

• Net income $176,059 • Asking $3,200,000

West Coast Realty LANGLEY

$3,100,000

FOR SALE: 107-UNIT SRO | 3 LIQUOR LICENCES | CORNER LOCATION • Call for details | UNDER CONTRACT

FOR SALE: KAMLOOPS | 67-ROOM FULL SERVICE BOUTIQUE HOTEL • Call for details FOR SALE: WATERFRONT DEVELOPMENT SITE • Harrison Hot Springs | Harrison Lake

• 138 ft. of frontage |26,310 sq. ft. site

• Opportunity to build 4-storey / 25 units

• Asking $2,580,000

HAMIR BANSAL | 604.724.8116 FOR SALE: 100-ROOM FULL-SERVICE FRANCHISE HOTEL in Vancouver FOR SALE: 94-ROOM HOTEL | 30 APARTMENTS in Prince Rupert • Includes 5 retail leases, and hotel rooms are full service. Asking only $5,000,000

Super Investment s -URRAYVILLE !REA s 'OOD POTENTIAL FOR FUTURE s 25 ACRE 2ETAIL "US s 'OOD REVENUE FROM 25 s SQ FT RETAIL SHOP s 25 &ARMING ACRE s 25 EXCELLENT HOLDING s 'OOD SIZE HOMES s 2EVENUE CAN CARRY MORTGAGE

VIC 604.506.1551

FOR SALE OR LEASE: TILBURY INDUSTRIAL FACILITY • 56,000 sq. ft. building on 2.58 acres

- three ofďŹ ce oors - two secure levels of underground parking - .81 acre site For further details please contact:

(604) 279-3817

kc@kentcraig.com

INCOME PRODUCING INVESTMENT! NATIONAL TENANTS

NORTH VANCOUVER

45150 Luckakuck Way, Chilliwack

L O C AT I O N S !

Value Village, House 2 Home Furniture, End of the Roll Carpet Buildings 49,432 sq.ft. Escalating Leases, great short-term increases. Excess land provides room for more building on the site.

$8,888,000 (6% Cap Rate)

Westham Island Winery is being offered for sale in Beautiful British Columbia! 32.63 acres of assorted mature berries! Beautiful 3,800 sq.ft home built in 1997 and winery store, large barns, fruit stand,etc! WHAT an OPPORTUNITY!!

$3,880,000

leaving 28,000 sq. ft. for owner/user • Asking $6,175,000

FOR LEASE 1429 DOMINION ST., MAIN & MT. 1516’ warehouse plus 655’ ofďŹ ce Overhead door, grade level loading. Short or Long Lease possibilities. $8.50’ plus $4.50’ nnn terms neg. 814 W 15TH, FELL & MARINE 960’ Retail/Office A/C Showroom 2 offices 2 pkg Updates Small strip mall Heart of North Vancouver Offered for sale or lease $398,000 $15.00’ plus $8.00’ nnn term neg. 1445 MAIN STREET, MAIN & MT 3000’ Showroom 12 Parking Spots 2 washrooms / kitchen hi ceilings Easy access through Mt & Burrow $15.00’ plus $8.00’ nnn terms neg.

www.manderrealestate.com

• Call Chris Midmore or Matt Nugent

Northshore

JOHN SULLIVAN | 604.714.4773 | jsullivan@macrealty.com

Vancouver: 604.736.5600 | Fraser Valley: 604.590.2444 | www.macdonaldcommercial.com

- fully leased property

KENT CRAIG

• 28,000 sq. ft. leased,

FOR SALE: RETAIL/OFFICE INVESTMENT | ONLY $625,000 AT 6.0% CAP RATE • 14675– 108 TH Avenue, near Riverside Heights Centre, Surrey. Front customer parking.

BURNABY OfďŹ ce Investment

Macdonald Realty Olympic

WESTHAM ISLAND WINERY & FARM FOR SALE

CHRIS MIDMORE | MATT NUGENT | 604.736.5611

For Sale

vic9@telus.net

FOR SALE: 41-ROOM HOTEL in Lower Mainland

• Asking $1,800,000

14 UNIT APARTMENT contact2222@gmail.com

• Limited service, not franchised. Asking $4,500,000

• One hour from Vancouver

in Thunder Bay, ON - $1.99M

604-812-9733

FOR SALE: 84-ROOM FRANCHISE HOTEL in Lower Mainland

• Includes 3-bedroom house

63 UNIT APARTMENT

RAY LEWIS

• Full service. Asking $10,500,000. UNDER CONTRACT

FOR SALE: 25-ROOM HOTEL in Lower Mainland • New franchise, all upgrades completed

Contact 604-308-1475 E-mail vasacanada@gmail.com Asking $4.5 million

in Windsor, ON - $495,000 Call Ralph: 807.626.3049 or Matt: 780.668.1079 or

11.66 ACRES Langley

GARY KHAN | 604.714.4799 | flash1@telus.net

Prime High-Rise Development Property in Abbotsford

RE/MAX Progroup Realty

fraser elliott 604.728.2845 fraserelliott1@gmail.com

DIANA MANDER 604-657-4508 diana@dianamander.com

A20 Lower Mainland/Sea to Sky/Sunshine Coast WELL ESTABLISHED CLOTHING BOUTIQUE FOR SALE $260,000

$2,270,000

UĂŠ `i>Â?ĂŠ`ÂœĂœÂ˜ĂŒÂœĂœÂ˜ĂŠ >Ă€ÂˆÂ˜iĂŠĂƒĂŒÂœĂ€ivĂ€ÂœÂ˜ĂŒĂŠ Â?ÂœV>ĂŒÂˆÂœÂ˜ĂŠĂœÂˆĂŒÂ…ĂŠÂ?ÂœĂŒĂƒĂŠÂœvĂŠÂŤ>Ă€ÂŽÂˆÂ˜} UĂŠ*ÂœĂƒÂˆĂŒÂˆĂ›iĂŠĂ€iÂŤĂ•ĂŒ>ĂŒÂˆÂœÂ˜ĂŠ ‡Ê ÂœĂœĂŠÂœĂ›iÀ…i>`ĂŠÂ‡ĂŠÂœÂŤÂŤÂœĂ€ĂŒĂ•Â˜ÂˆĂŒĂžĂŠvÂœĂ€ĂŠiĂ?ÂŤ>Â˜ĂƒÂˆÂœÂ˜ UĂŠ ÂœĂž>Â?ĂŠVĂ•ĂƒĂŒÂœÂ“iÀÊL>Ăƒiʇ ˆ}Â…ĂŠÂŤĂ€ÂœwĂŠĂŒĂŠÂ“>Ă€}ÂˆÂ˜ĂƒĂŠ EĂŠĂƒĂŒi>`ÞÊ}Ă€ÂœĂœĂŒÂ…ĂŠĂ€>ĂŒiĂŠĂƒÂˆÂ˜ViĂŠĂ“ääĂŽĂŠĂŠĂŠ

604-681-3334 Graeme Bullus, Brian Reems gbullus@devencorenkf.com breems@devencorenkf.com

For more info email kathybowes@remax.net

Powell River

(Devencore Company Ltd.)

Main street, downtown location with excellent exposure in Sechelt. 2 level building with retail, store, offices and zoned for residential above. High traffic area with lots of parking. 10 tenancies in place, many long term and great cap rate. Call Terry for more info.

$879,000

FOR SALE

Commercial building with two excellent tenants. Prime location on main street with upgrades & high visual presents. Triple net leases & good cap.

1-800-895-4313

CASH FLOW BUSINESS PANAGO PIZZA FOR SALE s 3AME OWNER FOR YEARS s %XCELLENT LOCATION s .ETS APPROX TO OWNER OPERATOR s Price is realistic at $399,000 s ,OCATED IN 3QUAMISH s ACRE COURSE INCLUDES SQ FT HOME s HOUR DRIVE FROM 6ANCOUVER s (OTEL CONSISTING OF ROOMS PLUS OWNER S SUITE WITH RIVER VIEWS s 2ESTAURANT LEASED OUT s )DEAL FOR GOLF TOURISM OR GOLF SCHOOL OR SYNDICATE s #AN BE SOLD SEPARATELY s $4,950,000 million

1.1 Acre Duplex Site on Creek Includes house, green space $699k

CONDO LIQUIDATION AND BUILDING LOTS Darren McCartney RE/MAX Sea to Sky 604-892-4875 Real Estate Squamish darren.mc@shaw.ca

s Well Established 8yrs, popular CafÊ & Catering company s 'REAT LOCATIONS BESIDE Save-On-Foods, and by car wash s 0ROFESSIONAL SET UP INSTANT cash ow, good return, training s ,IQUOR LICENSE $299,000 s "EST "USINESS IN TOWN AND "EST ,OCATIONS

WARK REALTY INC. 604.946.8710

"!2"!2! ',//2 s www.barbgloor.com s BARBGLOOR TELUS NET 3EA TO 3KY 2EAL %STATE 3QUAMISH

BRIDAL FALLS

4&$)&-5 # $ SELF STORAGE FACILITY

RETAIL PROPERTY

HOTEL & GOLF COURSE PACKAGE

I-1 Revenue Property 0.55 Acre, tenants $1.19 Mil

Contact:

View BCPRIVATEISLANDS.COM

terry@thebrackettgroup.com Remax Oceanview Realty SECHELT

Pub & Real Estate - 4000 sf on over 1/2 Acre 163 seat & BW allowed, redev. potential $735k Prime Retail For Lease 1,200 – 15,000 sf B Park by National Retailers and Hwy 99! Spring 2011 Prime Retail Building Busy Dwtn corner $1.10 Mil 8 Acre Single Family Site Panoramic views, great location $2.15 Mil

Court Ordered Sale 6,000 sf lot downtown. $250k

Private Islands

ML#V4021517 “The Dock� in Sechelt Now $1,399,900

TERRY & PAM BRA CKETT

KATHY BOWES Direct line 604-483-1633 CALL (anytime) www.kathybowes.com

Gateway Corner Property Dwtn dev site w/income $1.7 Mil

Downtown Squamish - “Voted Best Lunch Spot� 4 yrs in a row!

SUNSHINE COAST, BC

ML#V4024655 Main Street, Sechelt

SQUAMISH INVESTMENTS

* " 7 ĂŠ , 6 , ] ĂŠ

For Sale: 5885 Neptune Rd Sechelt, BC Multi-Family Zoned Land 5 Acres

APRIL 2011 WESTERN INVESTOR

3.6 Acres (45 years available remaining on Lease), Fully Fenced, Computerized Gate, 149 Storage Units and room for another 250, Plus Outside Storage, Plus 2000sf Shop (2 years old with 20ft ceiling that could be renovated for more storage), 1200sf Managers Living Quarters with attached OfďŹ ce.

UĂŠĂŠ Ă›>ˆÂ?>LÂ?iĂŠvÂœĂ€ĂŠ`iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒ]ĂŠÂ?i>Ăƒi]ĂŠ ÂœĂ€ĂŠĂƒ>Â?i UĂŠ ÂŤÂŤĂ€ÂœĂ?°ĂŠĂŽ{]äääĂƒ¾°vĂŒ° UĂŠĂŠ,ˆ}Â…ĂŒĂŠÂœÂ˜ĂŠÂ…Âˆ}Â…Ăœ>ĂžĂŠÂ›ÂŁĂŠÂˆÂ˜VĂ€i`ˆLÂ?iĂŠ iĂ?ÂŤÂœĂƒĂ•Ă€iĂŠLÂœĂŒÂ…ĂŠĂœ>ĂžĂƒ UÊÊÇÊÞi>Ă€ĂŠÂœÂ?`ĂŠÂ…ÂœĂ•Ăƒi]ĂŠV>Â˜ĂŠLiĂŠ VÂœÂ˜Ă›iĂ€ĂŒi`ĂŠĂŒÂœĂŠĂ€iĂŒ>ˆÂ?ĂŠĂƒÂŤ>ViĂŠ££ääĂƒÂľĂŠ vĂŒ°ĂŠiĂ?ÂˆĂƒĂŒÂˆÂ˜}ĂŠ}>Ă€`iÂ˜ĂŠ`iVÂœĂ€ĂŠLĂ•ĂƒÂˆÂ˜iĂƒĂƒ

604-258-2419 4ERRA .OVA 2EALTY Mahmoud Meralli

Email pmorgenthaler@shaw.ca

Ray Veenbaas LITTLE OAK REALTY 604 859 2341

Call: 604-316-6484

Financing Available. Easy turn-key operation. Located in downtown Sechelt. Owner retiring.

Call Ray or Richard for all of your Real Estate Needs! email us at richardtherealtor@hotmail.com

"All ofďŹ ces independently owned and operated"

1-800-668-8661

www.popeyesstorage.com

For Sale by Owner

(604) 740-5633 $875,000 CAD

RichardRiemersma 604 309 8541

RESIDENTIAL, COMMERCIAL, INVESTMENT & AGRICULTURE

NEED OFFICE OR STRIP MALL UP TO $12,000,000 ISLAND PROPERTY 5 COVES ECO RESORT ( Across Howe Sound from Furry Creek & Britannia Beach )

$2,950,000

STRIP MALL

D L SO Call for details ( UNDER CONTRACT )

604-859-2341

Little Oak Realty

RECREATIONAL PRODUCTS BUSINESS with LAND & BUILDING @ as Going Concern package price

DEVELOPMENT PROPOSED TOWNHOUSE DEVELOPMENT (Up to 3.5 acre assembly available)

1.78 acres - $1,500,000 1.01 acres - $900,000 BEER & WINE STORE, PUB, RESTAURANT AND HOTEL ASKING

$2,950,000

TF 1-800-668-8661

$1,000,000 $2,750,000 $3,750,000

BUSINESS AIR FARE LOUNGE

MOBILE SANDWICH TRUCKS $245,000 CONTRACTOR SUPPLY

$400,000

SAMMY J PEPPER'S

$790,000

FRANCHISE RESTAURANT FRASER VALLEY $459,900 FRANCHISE RESTAURANT LOWER MAINLAND $1,500,000

#9–2630 Bourquin W., Abbotsford

"EACH OFFICE INDEPENDENTLY OWNED & OPERATED"

$89,900

A21

WESTERN INVESTOR APRIL 2011 www.westerninvestor.com

FEATURE Despite rush of development, intense demand expected to push Metro’s storefront leases higher

WI STAFF WESTERN INVESTOR espite a huge amount of retail space being developed across Metro Vancouver, tenants cannot expect much relief from rental rates, according to Colliers International.

%

In its first-quarter retail market report – released early to Western Investor – Colliers noted that about 1.5 million square feet of new retail space opened last year, and another four million square feet is under construction. And this doesn’t count long-range plans, such as the 1.5-million-square-foot power centre proposed near the Tsawassen ferry terminal. Colliers expects the current retail vacancy rate of 3.3 per cent to fall to potentially historic lows this year, due to the intense demand for street front and mall space. Kirk Kuester, Colliers managing director, noted that 2011 is a year of catch up in construction after near-zero new retail development since 2008. At the same time, there has been an explosion of pent-up demand, especially for prime retail sites. Small and mid-size retailers are competing against giants such as U.S.-based Target, which will rebrand 32 Zellers locations in B.C. over the next two years. Right now Target is hunting for Lower Mainland locations and, according to Colliers, “shopping centres, which have an immediate ability to accommodate expansion or renovation” will likely be high on the list. Limited Brands, whose stable includes Victoria Secret and Body & Bath Works, also plans a major expansion into Metro Vancouver this year. And the big malls are getting ready.

Brentwood Mall in Burnaby, Guildford Town Centre in Surrey and Langley City Square are all planning major expansions and upgrades. The only potential break for tenants may be in the Fraser Valley, where the 450,000 square-foot Shops at Morgan Crossing in South Surrey and Abbotsford’s High Street’s 600,000-square-foot project have injected a lot of new space into the market. The competition is expected to lower Valley retail lease rates, at least over the short term. It is a different story in Vancouver, however, where the demand for retail property is apparently only matched by the zeal in raising rents that dipped during the 2008-09 recession. “Low vacancy rates will continue in prime retail districts like Robson and Yaletown,” said Amyn Somani, CEO of Kazawest, a real estate management and development firm. “The retail property we manage in those areas has had zero vacancies over the past year.” Prime space on Robson Street now touches $220 per square foot and is heading above $60 in Yaletown. Even Commercial Drive and Main Street are seeing record-high rents in the $30-$55-per-square-foot range. Somani pointed to Kerrisdale and West Broadway for small retailers looking for “value-priced entry points.” New space being planned for Vancouver will certainly not be low-cost rentals, he noted, and some is already claimed. Telus Communications Corp. will spend $750 million to build its mixed-use project on Georgia Street, which includes street-level retail beneath a 22-storey office tower and a 44-storey residential tower. It will hit the market in 2015. The Burrard Gateway Project, by Jim Pattison Group and Reliance Properties, will add 44,000 square feet of retail on Burrard

Photo: Telus Corp.

/P SFMJFG GPS SFUBJM SFOUT

High-end retail will be part of the $750 million Telus twin-tower project in downtown Vancouver.

Street within three years, but most of the retail has been set aside for a Pattison Toyota dealership. Westgroup Properties and PCI are working on Canada Line-linked high-quality retail at Cambie Street and Marine Drive in Vancouver.

-BOEMPSET

3FUBJM MFBTF SBUFT Rates ($ per square foot)*

Vancouver:

Robson St. - Burrard St. to Bute St. Yaletown - Pacific Blvd. to Homer St. South Granville - W. Broadway to 15th Ave. West Broadway - Granville St. to Cambie St. West Broadway - Alma St. to MacDonald St. Kerrisdale - West Boulevard to Vine St. West 4th Ave. - Burrard St. to Balsam St. Denman St.

$180 - 220 $40 - 65 $60 - 90 $35 - 60 $28 - 45 $40 - 55 $30 - 65 $50 - 70

Suburban: New Westminster - Uptown Metrotown, Burnaby North Vancouver (Lonsdale) No. 3 Rd., Richmond North Surrey South Surrey Langley City

Last year, Canadian investment on retail property led all sectors with a 15.6 per cent return, according to the REALpac/ IPD Canada Annual Property Index, far ahead of second place industrials, at 8.8 per cent. For local developers and landlords, this could be the beginning of another banner year, according to Colliers. Transaction and leasing activity has been

$18 - $40 $25 - $40 $25 - $45 $20 - $55 $15 - $30 $20 - $50 $20 - $35

*For commercial retail unit of approximately 1,000 SF Source: Colliers International/Western Investor

steadily increasing and rental rates continue to remain stable, with upside potential, Colliers noted. “ With retail sales growth forecast at 4.5 per cent in 2011, B.C. is expected to remain among Canada’s top retail markets.” ◆

-PXFS .BJOMBOE

HARDY BAINS 604-813-7653 hbains13@hotmail.com

Westcoast Vancouver Island Port Renfrew - Development Property

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

Okanagan Motel For Sale Flagged 42 room motel with a 4 bedroom manager’s quarters. Fully updated. Well kept. Room to build a swimming pool. Only $2.7 Million

SENIOR'S DEVELOPMENT SITE SALE: $2,800,000 Foundation in place, tendered plans, permits, ready to complete.

RAVI PANWAR 604-771 2401 Ravie@telus.net

$3,200,000

Park Georgia Realty Ltd

Flagged Lower Mainland Motel For Sale Very well kept. Only 8 years young. Excellent condition. Indoor corridor, swimming pool, hot tub, sauna, fitness centre & meeting room Knight & Day Restaurant For Sale (Business Only) White Rock Licensed for 99 seats. Only 5 years old Good lease with a long-term option for future. Six Homes in Calgary For Sale or Trade Only 4 years young. Fully rented for $110,000 annually. Buy one or buy all. $379,900 to $490,000 price range. Will consider trades

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

Sutton West Coast Realty

Lot 2 Gordon River, Pt Renfrew. Development Property CD-2. A comprehensive development 2 proposed 63 lot developments including residential and commercial. 3 separate titles totalling approximately 320+ acres with magnificent vistas of the Township of Port Renfew and Harbour. Investor information package available upon request.

Serving Sooke & the Whole South Vancouver Island

Nancy Vieira 250.514.4750 TF: 1.800.665.5303 v J > VÞÛ i À>°V ÊUÊÜÜÜ° > VÞÛ i À>°V

LOWER MAINLAND Fully Operating Seniors Building 1 Year Old - $39 Million Mixed Development New Westminster 39 Apartment Units, 7 Townhouse Units $3.3 Million

40 ACRES Residential Mountain Top 20 Estate Homes - $3.5M 10 Acre Mixed Use Development Site Appraised $8.2M Offer $6M or joint venture WANTED CONTAMINATED SITES I have experienced buyers for immediate purchase of your site. CALL DAN IMMEDIATELY FOR REVIEW OF YOUR SITE

Your specialist in PRIME income-generating and redevelopment opportunities:

A22 Lower Mainland/Vancouver Island FOR SALE SUMMERLAND B.C.

Contact Dale Schuss

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

www.randallnorth.ca

Diversified P R O P E R T I E S

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

www.westerninvestor.com APRIL 2011WESTERN INVESTOR

Email: carewest@shaw.ca www.carewestproperties.com

GAS STATION (LAND & BUILDING) FRASER VALLEY PRICE: $2,600,000

Please Call ED WILLIAMS (250)589-0969 email: nubiz@shaw.ca

" Villa Madrona " Magnificent Vancouver Island Oceanfront Estate villamadrona.ca

GAS STATION WITH LAND & BUILDING $2.8 MIL GAS STATION, C-STORE, LIQUOR STORE FRASER VALLEY (BUSINESS ONLY) PRICE: ONLY $219,000

CHEMAINUS 8 Retail Units 1 Apartment 6.75% cap on net Offering Price $712,900

Seniors supportive living residence 16 suites + mng. suite + amenities $985,000 *Michael Baragon 604 816 2886 Robin Hill 604 682 3369 Note: photo shows style of home only *Personal Real Estate Corporation

FOR SALE

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

WHISKY LANDING FORECLOSURE SALE

2 MORE GAS STATIONS WITH LAND AND BUILDING (LOWER FRASER VALLEY AND UPPER FRASER VALLEY) $1.99 MIL EACH FRASER VALLEY INDO CANADIAN GROCERY STORE and FRESH PRODUCE $249,900 (BUSINESS ONLY) INDO-CANADIAN GROCERY STORE, FRESH PRODUCE, VIDEO AND RESTAURANT (BUSINESS ONLY) FRASER VALLEY. PRICE: $149,900 NEW LISTING FOR LEASE s $RIVE THRU /IL ,UBE "USINESS MORE DETAILS CALL:

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

RED

UCE

D

A

Luxurious Waterfront Estate of Exceptional Quality and Design known as ‘Villa Madrona’. Sited close to the ocean the residence of four bedrooms being 11,000 sq ft (1022 sq.m), Guest House 3,461 sq ft (322 sq.m) and studio apartment. Indoor swimming pool/conservatory, theatre, gym, games and entertainment rooms, sports court, large patios, greenhouse, garaging for 8 vehicles, boathouse and an excellent private beach. Set in a secluded and beautifully landscaped & treed tranquil two acre (.81 ha) gated property with 400 ft (122 m) of prime oceanfront. Westerly exposure with very impressive expansive marine views. Situated on the Saanich Peninsula in the District of North Saanich on Satellite Channel being easily accessible from Vancouver and only 35 minutes from Victoria. Further information, photos and video see our website villamadrona.ca

Peter Nash | 250.384.0566 (d) 877.388.5882 (t) realestate@peternash.com www.peternash.com

New development on Ucluelet harbour located next to main pier in centre of town. Heavy tourist area. Commercial/Residential mix. Further info available

$2,500,000 Victoria

www.judygray.com

NANAIMO | VANCOUVER ISLAND DEVELOPMENT AND INVESTMENT OPPORTUNITIES MOTEL NEAR DEPARTURE BAY FERRY REDEVELOPMENT OPPORTUNITY! 21 Units plus Owner's Residence. Designated for 6 Storey Commercial Office / Residential Mix. The site is perfectly located wih great access and Hwy Exposure. Enjoy current income while planning a higher and better use for the site!

Asking $1,500,000 Call DARWIN for info. OCEAN & CITY VIEWS! 12.4 ACRE SITE DEVELOPMENT OPPORTUNITY 10 RES. LOTS PLUS 26 LUXURY TOWNHOMES. Located in an upscale residential neighbourhood close to Vancouver Island University. This RS-8 site has all necessary designs, plans, reports & approvals in place. The Development Permit is ready to be issued after confirmation or any modifications a new Purchaser may want. All services & approvals are available to be in construction this year! Call DARWIN for info.

WATERFRONT COMMERCIAL DEVELOPMENT ONE OF THE LAST ON LAKEFRONT! Commercial re-zoning allowed, excellent hwy visibility and ease of access via parallel side business road. Unique older home on site would allow conversion to medical or other professional offices. Call DARWIN or ROB for info.

MULTI USE DEVELOPMENT SITE Great development potential in the rapidly expanding area of Chase River in South Nanaimo. 8.91 acres, 4.3 acres usable, higher density residential and Commercial uses. Adjacent to Highway 19A. Easy access.

ARRIVED! 47 Unit Apartment Block, one of the best rentals in this City. Substantially Renovated. Elevator. Excellent Management on site. Cap rate on asking price of $1,800,000 @ 8.5%. Call ROB for Details.

UNIQUE BUSINESS WITH PROPERTY OPPORTUNITY; A Joint Venture or Investment based requirement for a leading Fish Hatchery One of the best Hatchery establishments on the Southern B.C. Coast. Excellent location offering perfect conditions for product success. Over 25 years of husbandry make this operation a leader in its field. Hatchery occupies 12 freehold waterfront acres on a spectacular lake on Central Vancouver Island. All aquiculture licenses foreshore leases, water licenses and required permits are in place. Business involves all aspects from wild salmon enhancement, egg development and shipment to Asian destinations, and the raising of smolts for various specialty sea farm operations. Further detailed information is available for qualified investors.

Commercial REALTORS® have the training, knowledge and expertise to meet all your commercial real estate needs.

OUTRIGHT PURCHASE OR POSSIBLE JV OF A UNIQUE AQUACULTURE SEA FARM

Call ROB for info.

250.760.1066

Specialist

Call ROB for info.

Turnkey facility waiting to be restarted into production. Excellent location in the Barkley Sound, Pacific Rim area of the West Coast. This location for a Sea Farm is noted as one of the best. Expansion possible Asking $2,800,000 Call DARWIN for info. to other neighboring areas to create a nucleus of farms. Consultation available to train staff, workers and manager in all operations of the sea EXCLUSIVE LISTING - CAREFREE INVESTMENT 16 UNITS! 6 yr. old Apt./Townhome project in Port Alberni. Fully farm. All permits in place. Currently priced for an outright sale @ 35% leased to Gov't. Agency. $1,797,000 Additional adjoining land of what a new proposed facility would require. JV will depend on investfor further development is also available. Located in the best part ment required. of Port Alberni next to North Island College & other amenities. Asking $850,000 Call ROB for info.

Darwin Mahlum Robert Borden

Choose a Commercial Real Estate

Vancouver Island's Leader. DEVELOPMENT, LAND, RES/COMM PROJECTS, & MARKETING

Call 250 385-7766 www.vreb.org/comwi

A23

WESTERN INVESTOR APRIL 2011 www.westerninvestor.com

FEATURE Innovation incubator aims to help B.C. small-business owners based on a “Lulu” of a concept

4NBMM CJ[ CBDLFST WESTERN INVESTOR ululemon Athletica Inc.’s original general manager has founded a new startup incubator that’s spreading the same people-centric, do-good business gospel associated with Lululemon’s success.

-

Darrell Kopke, who guided operations at the retailer during its meteoric growth from 2001 to 2007, describes Institute B as a development shop for entrepreneurs who stand for creating societal value ahead of profits. It has recruited seven companies for its portfolio since last November, including Vancouver’s Valcent Products Inc., which is developing a system for vertical urban farming, and Saltspring Island’s Sirewall Inc., which is creating eco-friendly building walls out of rammed earth. The incubator is also supporting the development of an organic winery in the Okanagan and a Vancouver company that’s launching a non-prescription treatment for the skin condition rosacea. In exchange for marketing and public relations support, leadership guidance and help in recruiting employees and in raising capital, Institute B negotiates different investment structures with its portfolio companies, depending on the nature of the business and stage of development. It has ownership shares or options in some of the companies; it takes a commission on sales from others. “Depending on what their business requirements are, we insert ourselves into the leadership and operational team and help guide them through a critical point in their development,” said Kopke. When Kopke joined Lululemon in 2001 as general manager, the company operated a single store in Kitsilano and generated $2 mil-

lion in annual revenue. When it went public in 2007, Lululemon operated roughly 70 stores and reported $270 million in revenue. At that point, Kopke became managing director for the company’s Asia Pacific region. He left Lululemon in January 2009. “I’m a builder of small companies,” said Kopke, “and Lululemon had become too big for me.” The personal wealth he gained from the sale of ownership shares in Lululemon has allowed him to finance Institute B without any outside venture capital. The incubator has eight employees, all of whom have pursued their own entrepreneurial ventures. Institute B’s philosophy is similar to Lululemon’s famous self-empowerment philosophy. “What we learned at Lululemon is that we can create a culture and a community around doing the right thing in the world first,” said

Kopke. “And you can end up making money doing that.” In a program called CEO Brain Spa, Institute B teaches CEOs to create positive workplace cultures that are free of passive-aggression and negative energy. Kopke expects Institute B to expand its portfolio to 10 companies this year. There’s enough space to incubate up to four companies in Institute B’s office in Vancouver’s Gastown. Currently, two of Institute B’s seven portfolio companies, Valcent and Riversol Skin Care Inc., are occupying the space. Valcent is trying to close a $2.3 million capital round. Institute B is courting investors for the round and is also participating as an investor. Riversol is also planning to donate a small percentage of sales to the advancement of Darrel Kopke, Institute B: “I’m a builder of research and awareness of rosacea. ◆ small business.” Photo: Dominic Schaefer

CURT CHEREWAYKO/BIV

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W

ith an investment portfolio of 20 startup companies and a hands-on approach to supporting those companies, Boris Wertz is one of the few, if not the only, angel investors in Vancouver who can legitimately use the oft-misused buzzword “super angel” to describe himself. Two-thirds of his portfolio companies are in the Pacific Northwest where, at any given moment, he can hop on a plane and be at a portfolio company’s office within an hour. “If you only show up for board meetings every two or three months, you’re just not getting deep down into what is going on with your portfolio companies – what their competition is doing, how their product is developing and how to market and scale them,” said Wertz.

Wertz, who founded his angel investment vehicle W Media Ventures three years ago, added six new companies to his portfolio in 2010. He invests in what he knows: the social media and consumer Internet sector. Much of that knowledge was derived from his experiences in developing JustBooks, an online platform for used and antiquarian books that Wertz co-founded in Germany. In 2001, Victoria’s AbeBooks acquired JustBooks. As part of the acquisition, Wertz moved to Victoria to become AbeBooks’ COO and help it build an online marketplace for more than 110 million primarily used, rare and out-of-print books. Amazon.com Inc. acquired AbeBooks in 2008.

The Amazon deal provided Wertz with the financial ammo necessary to kick his angel-investing career into high gear, he explained. “Money is certainly the starting point for investing,” said Wertz. “But the entrepreneur will always take the hands-on investor who brings additional value over someone who just has the money.” While not cultivating a network of contacts that spans from Vancouver to the Silicon Valley to New York to Germany, he sits on the board of DigiBC and fundraises for Science World. He was recently named chair of Bootup Entrepeneurial Society, which is a nonprofit that is very active in supporting development of Vancouver’s Internet startup cluster.

7BODPVWFS *TMBOE

VANCOUVER ISLAND COMMERCIAL www.nanaimoremaxcommercial.com

1-877-335-4380

Jay Cousins Realty

FOR SALE

Jay Cousins jay@jaycousins.com

of Nanaimo

Frank Johnson frank@remaxofnanaimo.com

INVESTMENT OPPORTUNITIES

INVESTMENT OPPORTUNITIES

UÊÊ FULLY RENOVATED & REDESIGNEDÊqÊÓ]ÎnäÊ-µ°Ê Ì°ÊLÕ ` }Ê ÊÓÊ iÛi ÃÊÌ >ÌÊV> Ê>VV `>ÌiÊ>ÊÎxÊÃi>ÌÊÀiÃÌ>ÕÀ> ̰ʺ ÃÊ Ã»ÊÃ> iÊ V Õ` }Ê> ÊÀiÃÌ>ÕÀ> ÌÊiµÕ « i Ì]Ê ÀÊÜ Ê vviÀÊLÕ ` }Ê EÊ > `Ê Ü Ì ÕÌÊ iµÕ « i Ì°Ê "«« ÀÌÕ ÌÞÊ Ì Ê i>ÃiÊ >Ê « Ãà L ÌÞ Ê $419,000

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UÊÊ MOTEL, DUNCAN, BC ÊÎÓÊÕ ÌÊ Ìi ÊÜ Ì ÊÀiÃÌ>ÕÀ> ÌÊ ÊÌ iÊ

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FRANK JOHNSON

JAY COUSINS

JAY COUSINS

www.nanaimoremaxcommercial.com

1-877-423-0984

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JAY COUSINS

A24 Vancouver Island

├А┬И>┬Ш├К*i├АV┬И├Ы>┬П├КU├К├Уx├д┬З┬Щx┬г┬З├И├О├З├У ├Ы┬И├Г┬И├М\

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www.westerninvestor.com APRIL 2011WESTERN INVESTOR

CALL NOW 1-800-661-6988 www.westerninvestor.com

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BARRY CALVIN 250-758-6767 P A C I F I C R E A LT Y G R O U P barry@paciямБcrealtygroup.ca 32 Years Apartment Building Specialist for Vancouver Island and All Areas Outside Lower Mainland

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WESTERN INVESTOR APRIL 2011 www.westerninvestor.com

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Gas peak seen during 2011

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.C.’s booming shale gas sector has become a victim of its own success, but experts say investors will hang on for the long term. According to a Ministry of Energy report published last month, industry investment in the province’s gas sector is expected to top out at $6.3 billion in 2010-11, and then decline 20 per cent to $5 billion in 2011-12. In fact, the ministry does not expect investment levels to recover un til 2013-14 when annual investment in exploration and development is targeted to hit $6.4 billion. The prediction comes amid a plethora of massive shale gas finds throughout North America, which have reduced prices in recent months. At press time, natural gas was trading at US$3.89 per million BTUs, down from $4.73 a month earlier. On February 17, the B.C. government put another $120 million on the table to “spark� investment in the sector via its royalty credit program. Kevan Holroyd, executive director of Ernst & Young’s oil and gas practice, believes junior natural gas companies will look to be acquired or land significant investments this year to support their exploration programs. “What we’re going to see is an increase of natural gas companies that have to transact in one shape or form to be able to keep their drilling programs going,� Holroyd said. “One way is for folks to come in and take them out by way of a transaction.� Although prices remain low, Holroyd said the investment community views the Canadian gas sector as a long-term holding. In March, gas giant Encana inked a $5.5 billion agreement with PetroChina for 50 per cent of the Calgary company’s Cutbank Ridge assets in B.C. and Alberta. That deal followed a $50 million agree-

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ment in which Vancouver’s Pacific Northern Gas agreed to sell its 50 per cent stake in the Pacific Trail Pipeline to Apache Canada and EOG Resources Canada. Holroyd said a quarter of investment in Canada’s oil and gas sector last year originated in China, Korea and Thailand. – Joel McKay/BIV

Industrial strata sales ramp up

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recent study from Avison Young shows that industrial property accounted for 38 per cent of industrial sales last year, compared with less than 30 per cent three years ago. Average prices are around $200 per square foot, which is down from an average of $227 at the peak in 2008. Most of the strata unit sales are in the 1,100-to-3,200-square-foo range, which fits many small businesses. The industrial vacancy rate is now 3.5 per cent, up from 2.6 per cent mid-last year. Noted Avison Young principal John Lecky, who specializes in Vancouver industrial property sales and leasing: “Constricted availability and high land prices are encouraging demand for strata development.� Lease rates for small bay industrial strata are in the $8-to-$10-per-square-foot range, depending on location.

Prosperity mine bid revived

T

aseko Mines is willing to pay $300 million to save a remote B.C. lake so it can build its next mine, but Ottawa will get the final say. The Vancouver-based mining company has submitted a revised mine plan for its $800 million Prosperity copper-gold project, which would be located near Williams Lake in B.C.’s Cariboo country. The issue has been raised by B.C.’s new premier who has said the mine has the potential to aid the entire Cariboo region. Ottawa rejected the mine plan in November,

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nvestments in Vancouver commercial real estate posted average returns of 13.7 per cent in 2010, second only to Montreal as the highest in the country. Across Canada, commercial real estate bounced back with the strongest performance in three years, at 11.1 per cent, as measured by the REALpac/IPD Canada annual property index. The annual total return – a marked turnaround from 2009’s negative return, at -0.3 per cent, and 3.7 per cent in 2008 – is underpinned by a 4 per cent capital growth and a 6.5 per cent income return. Retail sector led the investment The index measured $97 billion of directly held market in 2010. commercial real estate as at the end of 2010. “A rebound in property values was entirely responsible for boosting the total return back into double-digit territory in 2010,� said Simon Fairchild, managing director of IPD North America. “The return to capital growth last year follows two consecutive years of write-downs worth 9.3 per cent at all property levels.� Stronger returns were posted in all of the four major sectors. For the second year in a row, retails were the top-performing sector with a total return of 15.6 per cent in 2010, followed by industrials at 8.8 per cent, offices at 8.5 per cent and multi-family residential at 7.6 per cent. In Vancouver, the multi-family sector saw income returns as low as 3 per cent last year. Montreal led the six largest commercial property markets, with a total return of 14.2 per cent; Edmonton trailed in last with 6.5 per cent, the only market among the six where capital values did not show any recovery. Returns in the other three major markets were as follows: Toronto (10.9 per cent); Ottawa (10.6 per cent); and Calgary (8.7 per cent). According to IPD Canada, the strong year was a surprise to most in the industry. The median anticipated return in 2010, according to IPD’s survey of participants, was a mere 3.9 per cent. Photo: Inside Vancouver

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citing concerns over the proposed destruction of Fish Lake and its accompanying watershed. The new plan spares Fish Lake, which is one-quarter the size of Stanley Park. The lake became a lightning rod for controversy last year when it was revealed that Taseko would drain the lake to store non-acid-generating rock from Prosperity’s pit. Brian Battison, Taseko’s vice-president, corporate affairs, said the tailings pond would be moved to accommodate the lake, shifting its location two kilometres to the south. Despite the move, Taseko said it would still have to drain neighbouring Little Fish Lake to

FOR SALE

SALTAIR SELF-STORAGE FACILITY and DEVELOPMENT PROPERTY Property is located on 3.61 acres in high-growth area with 42.7 meters of frontage on Chemainus Road. Saltair is situated near Chemainus between Ladysmith and Duncan in the Cowichan Valley. Storage Business: Offers 110 selfstorage units plus signiďŹ cant outside storage of boats, cars and RVs on approx 1.21 acres. The storage business currently has an occupancy rate of 89%.

One Percent Realty Vancouver Island

make way for the tailings pond. Battison also said the company no longer plans to build Prosperity Lake, which was originally intended to replace Fish Lake. The new plan has been submitted to the provincial and federal governments. Ottawa now has to decide if the project requires a second full-blown environmental review with a hearing panel or if the changes can be assessed separately. B.C. premier-elect Christy Clark made the Prosperity Mine a key plank in her campaign and has called on the federal government to allow the mine to proceed. â—†

Undeveloped Land: Expansion potential with approx 2.4 acres developable land with desirable C2 commercial zoning. OCP designates this area as the principal zone for the community.

TWO PRIME LOCATIONS FOR SALE WITH POTENTIAL FOR CAREHOME OR CONDO SITES NEW PRIME RETAIL SPACE FOR LEASE CENTRALLY LOCATED NEXT TO POPULAR RETAILERS SUCH AS CENTRALLY NEXT SHOPPERSLOCATED DRUG MART TO POPULAR RETAILERS SUCH AS SHOPPERS DRUG MART.

COMOX

LANGFORD CONDO SITE APPROVED FOR UP TO 188 UNITS EXCELLENT LOCATION LOCATED NEXT TO COSTCO, A SHERATON HOTEL, HOME OUTFITTERS, AND MANY OTHER RETAIL STORES 2.34 ACRES OF POTENTIAL

Please visit our website or call for more details.

monarkinvestments.ca

Monica Love 250.797.2235 2monicalove@gmail.com

604-592-7250

Financing Available. Potential Trades.

A26 Vancouver Island VancouverIsland OPPORTUNITIES

VANCOUVER ISLAND Comox Valley

COMOX VALLEY,

UĂŠ /ĂŠ 1-/, ĂŠ-/, / ĂŠĂŠ ³É‡£xääĂŠ-+ĂŠ / Over 20' ceilings 2 full storeys allowed. .............. $274,900

VANCOUVER ISLAND ICI:

UĂŠ ÂŁ]Ă“ääĂŠ-+ĂŠ /ĂŠÂŁn¿Ê ĂŠĂŠ°°°°°°° fÂŁĂˆĂ“]nää UĂŠ , / É" É /ĂŠ 1-/, ĂŠĂŠ SPACES FOR LEASE fn°ääĂŠqĂŠÂŁ{°ääĂ‰ĂƒÂľĂŠvĂŒ ASKING PRICE $1,850,000

SEMI-WATEFRONT CONDO SITE

COMOX VALLEY

UĂŠ ĂŠ+1 /9ĂŠ-/, / ĂŠ" ÊʇÊ Ă“]{ääĂŠĂƒÂľĂŠvĂŒĂŠ .....................................................$629,000 UĂŠ -/, / ĂŠ" ĂŠ ",ĂŠ- ĂŠ 2nd oor vacant 2,200 sq ft ... $249,900 3rd oor leased 2,200 sq ft ...... $254,900

s 0RIME FOR DEVELOPMENT OF ,UXURY 3UITES

UĂŠ ĂŽ]ĂˆääĂŠ-+ĂŠ /ĂŠ, / ĂŠ 1 ĂŠ On .28 ac, Comox ................... $925,000

s !DJOINING WATERFRONT WALKWAY

UĂŠ 1 / ‡/ /ĂŠ " , ĂŠ 8873 sq.ft. Courtenay ...........fÂŁ]Ιx]äää

s $ESIGNS ALREADY APPROVED s #LOSE TO ALL AMENITIES PARKS GREEN SPACE RESERVES SHOPPING Did I mention the WATERFRONT!!!

Dale McCartney 1-800-638-4226 Ray Pellerin 1-800-377-4374

www.westerninvestor.com APRIL 2011WESTERN INVESTOR

UĂŠ ĂŽ]äääĂŠ-+ĂŠ /ĂŠ, / ĂŠ 1 ĂŠ On ½ ac, Courtenay ................. $925,000 UĂŠ ÂŁ]{ĂˆäĂŠ-+ĂŠ /ĂŠ, / ĂŠ 1 ĂŠ On .23 ac, + chinese restaurant Cumberland ............................ f{nä]äää UĂŠ£°ĂˆäĂŠ ĂŠ 1 / ĂŠ 9ĂŠ°°°°°°°°°° $695,000 UĂŠ°Ă‡ÂŁĂŠ ĂŠ "7ĂŠ, - ĂŠ */ĂŠ°°°°°°°°°°°fnxä]äää

COMMERCIAL STRATA UNIT -1170 s.f. unit with 3 phase power -Retail entry, workshop rear with 12' door -Mezzanine which can be conv. to residential Asking $230,000 SIGN BUSINESS -Established 17 years in the same location -Client list included -Includes inventory (est $2500) Asking $39,900

COMMERCIAL STRATA DOWNTOWN COMOX -High pedestrian/car trafďŹ c location with huge street frontage -840 s.f. in prestigious Comox Quay Asking $319,000

Share sale for business or business plus 5,478 sq ft building.

MATERNITY BUSINESS -Also sells infant, children’s wear, carriers & consignment -Exclusive rights to Beco Baby Carriers, & Skip Hop products -Busy main street location in downtown Courtenay Asking $49,900

ROB PHILLIPS R. MIKE MULLIN, CGA

Rob Samsom

rob@robphillips.ca

www.robsamsom.ca

RE/MAX Ocean Pacific Realty

Turn key, superb location in beautiful Comox “By the Sea� Vancouver Island, BC 92 seat, (the only) family/ casual dining restaurant in Comox, extensive clientele, fully equipped/decorated. Excellent income and profit numbers.

TF: 1-800-715-3999 TF: 1-855-650-6560 Email: mullin@telus.net Cell: 250-897-8508

1-888-829-7205

OBTAIN A PRIME BUSINESS

GROCERY STORE/BAKERY WITH RESIDENCE -Desirable Bates Beach area -Nearest competition 3.5 km -Separate bakery & store businesses down -3 bdr residence up -Includes ½ acre, 3100 s.f. bldg, garage, sheds. Asking $399,000

UĂŠ£°ĂˆĂ‡ĂŠ ĂŠ " , ĂŠĂŠ°°°°°°°°°°fnĂ“x]äää AACI CCIM FRI PERSONAL REAL ESTATE CORPORATION

RESTAURANT

Key commercial core of downtown, main street, lower level is tenanted. Serious inquiries only. Buyer must be qualified.

Great Franchise opportunity! CALL

Neil Woodrow

250-338-3349

COMOX VALLEY

EMAIL neilwoodrow@shaw.ca

www.robphillips.ca Comox Valley

www.coastrealty.com

www.woodrowgroup.com

ED HANDJA PERSONAL REAL ESTATE CORP.

www.bcoceanfront.com

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TENANTED COMMERCIAL BUILDING 2756sqft road access commercial building in downtown Campbell River with one 10x12 & two 6x8 bay doors & 3 separately metered areas with 2 washrooms. C-1(B) zoning permitted uses: hotel / motel, restaurant, retail store, theatre, clinic, multiplex or religious institution. An excellent opportunity for lease revenue: close to all essential & convenient amenities & services. $260,000

NORTH ISLAND RENTAL COMPLEX Practical rental complex in Port Alice made up of seven 2-bedroom units located across from the marina & minutes from local amenities. This low maintenance building has in-building storage lockers, laundry facilities, detached covered parking & a historically low vacancy rate. Port Alice provides access to some of the best West Coast ďŹ shing & adventure on the BC coast. $365,000

PORT HARDY INDUSTRIAL RIVERFRONT Unique property & opportunity! 3.6 light industrial acres located on the banks of the Quatse River, minutes from the amenities of town: an attractive, easy access property with substantial highway frontage & a diversity of possible applications including storage facilities, ofďŹ ces, retail services, wholesalers, works yards or combined commercial & retail developments. $295,000

WINTER HARBOUR MARINA & RV RESORT A diverse commercial resort operation & a premiere West Coast Vancouver Island ďŹ shing destination: 3 adjacent oceanfront properties with a boat launch, 20RV sites, large foreshore lease, substantial standing pier & dock, guest accommodations, ďŹ sh processing facilities & 2bedroom cabin. A business with steady growth well suited as a group purchase for outdoor enthusiasts. $899,000

Vancouver Island & Gulf Islands Galiano I: West coast home sited close to water w/west exposure. Comfortable 1700 sq’ home set in secluded .83 ac w/ocean on 3 sides + dock in a peaceful cove. ...................................$1,100,000. Tsehum Harbour: Attractive 2 lvl West Coast 3921 sq’ home sited @ waters edge. 1/2 ac lo bank lvl property. Situated on quiet cul-de-sac. Built w/ attention to quality, detail & decoration - as new! Can buy w/furnishings-turn key! Close: marina’s, Sidney, airport, ferries. .......................$1,799,000.

Thetis I: A very special secluded waterfront 10 ac estate w/main residence of 2963 sq’ plus 3 cottages & 4 outbuildings. The park like property is mostly lvl w/gentle slope lo bank frontage of 800’ +/- w/ dock. ................................................ $1,549,000. 10 Mile Pt: Modern oceanfront Mediterranean style 8500 sq’ 3 lvl family home w/expansive marine views. Situated quiet no-through rd. ..$4,850,000.

Ardmore: 2 lvl oceanfront home set in .67 ac w/easy beach access. Well maintained w/recent upgrades. Expansive west views & beautiful sunsets. Victoria: Penthouse w/ever changing SW marine, .......................................................... $1,495,000. Juan de Fuca Strait, Olympic Mtn views! Situated Thetis I: Secluded 2.16 acs w/300’ of lo bank frontprestigious “Shoal Pointâ€? complex. Modern well age. Older 1 lvl country home sited close to water w/ planned (designed for elevator) 2 lvl 3706 sq’ suite. west exposure. .....................................$899,750. Amenities: concierge, 24 hr security, swimming pool, Saanich Inlet: Secluded natural state .85 ac. fitness center, workshop, putting green. Close to all oceanfront w/south exposure. Updated & tastefully amenities. ......................................$2,075,000 . decorated 1½ lvl 1724 sq’ home. ......$1,550,000.

Peter Nash | 250.384.0566 direct 877.388.5882 realestate@peternash.com www.peternash.com

Victoria

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A27

WESTERN INVESTOR APRIL 2011 www.westerninvestor.com

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From: Gaetz Realty Inc., Edmonton. Broker Bob Gaetz reports the following sale: Deal 14,000-square-foot manufacturing building on 78 Street, Edmonton. Sold for Stylemaster Holdings to an undisclosed buyer. Price: $1.4 million. From: Frontline Real Estate Services, Surrey. Frontline agent Jordan MacDonald with buyer agent David Yu of Royal Pacific Realty report the following: Deal: 3.68 acres of commercial/industrial land, 10472 Scott Road, Surrey. Price: $3.1 million. From: Coast Realty Group, Campbell River. Coast agent Roy Grant sold the following: Deal: Vacant 2-acre oceanview commercial site in downtown Campbell River. Price: $1.6 million.

From: NAI Commercial, Vancouver. NAI agents Chris Wieser and Peter Seed report the following: Deal: 9,111-square-foot office building, Quebec Street, downtown Prince George. Sold for vendor Fane Holdings Ltd. to buyer Tony Tiani. Price: $500,000. NAI agents Gary Haukeland and JD Murray sold the following: Deal: 80,000-square-foot industrial building, Ewen Avenue, New Westminster. Sold for No.22 Taurus Ventures to JJ Cool & Co. Price: $5.5 million. NAI agent Aleem Thaver sold the following: Deal: 15,000-square-foot commercial building on 0.56 acres, 224 Street, Maple Ridge. Sold for JB Davies to Haney Health Holdings. Price: $2.7 million.

NAI agents Ken Hicks and Ken Kiers sold the following: Deal: 311-unit mini-storage facility, South Island Highway, Courtney, sold for4780025 B.C. Ltd. to Craig Naylor. Price: $4.75 million. From: Barry Commercial, Calgary. Barry Commercial principal Karen Barry sold the following: Deal: Copperstone Village, a four-building low-rise apartment condominium project of 285 units, plus 25,000 square feet 3.68-acre commercial/industrial site in of commercial space on a 5.2-acre site, Surrey sold for $3.1 million. Airdrie. Sold to an investor group led by John Torode. Price: $4 million. From: Whitecourt Advantage Real Estate, Whitecourt, Alberta. Whitecourt Re/ Max agent Leo Zelinski sold the following: Deal: 9,500-square-foot industrial warehouse. Price $1.11 million. Deal:10,964-square-foot warehouse. Price $1.10 million. Recently completed a major commercial real estate deal? Send details for a free report 80,000-square-foot industrial building, here to: wieditor@biv.com New Westminster. Sold for $5.5 million.

Photo: Frontline Real Estate Services

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Coast agent Ed Handja, Ed Handja Personal Real Estate Corp., sold the following: Deal: 2.3-acre commercial/light-industrial property with 20,455-square-foot building, Campbell River. Price: $1.87 million. Deal: 3.34-acre commercial development property, Campbell River. Price: $650,000.

Photo; NAI Commercial

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

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

7BODPVWFS *TMBOE MT WASHINGTON PACKAGE

LAND for Sale

15 Fully Serviced Ready to Go Freehold Building Lots Great Builder Opportunity Priced at Cost Call

555 Acres of prime sub-divideable forested land with approx. 55,000 cubic metres of coniferous timber, located on 11 contiguous titles with gorgeous ocean views, 45 minutes from Victoria on Vancouver Island. All services at property boundary.

Phone (250) 561-7061 or (250) 565-5448 or email to 550031@telus.net.

250.380.4900 | lefevre@lefevregroup.com

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 26 UNIT CONDO DEVELOPMENT SITE Fabulous ocean views. 1 acre. Financing available. Approved plan with city. $729,800 FORECLOSURE OCEAN VIEW DEVELOPMENT 9 Acre, 28 lot subdivision in Chase River Quiet neighbourgood property is beautifully treed And would accommodate 28 single family homes or small lots. Mortgager may finance. Trades welcome. Foreclosure Price: $848,000

DEVELOPMENT SITES JUST LISTED; FANTASTIC OCEAN VIEW RM-5 Dev site, unrestricted views, overlooks cruise ship pier. Approved for 34 condos, No DCC’s. $729,000 PANORAMIC OCEAN VIEW DEV. SITE 24 Lots approved residential subdivision property Cost estimates available. Asking $1,475,000 142 ACRE DEV. SITE Nanaimo $5.8 M “NANAIMO’S BEST DEV SITE” 9 acres park like setting. Plan for 28 detached smaller homes. $988,000 DUPLEX LOT $129,000

4 PLEX LOT $199,000

COUNTRY ESTATES DEVELOPMENT SITE 23 ACRES $459,000 50 ACRES, $995,000 43 ACRES $859,000 Adjoining properties, 1 mile from city limits, Zoned for 5 acre lots

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HOTELS & PUBS FULLY SERVICED HOTEL Recently renovated, 30 rooms, 125 seat pub, wine and beer store. Generating over $1.5 million annually and growing. $1,590,000 NORTH ISLAND HOTEL & PUB, WINE & BEER STORE 50 Rooms and restaurants. 2 lots. Over 3.9 Million annual sales. $2,995,000 6 ACRE DEVELOPMENT SITE Zoned RM5, 4 Phases approved for townhome & condos. Central Nanaimo. Asking $2,195,000 FINANCING AVAILABLE HOTEL & WINE & BEER STORE 8 suites, pub. Close to Nanaimo airport. $1,190,000 FULL FACILITY SUPER 8 MOTEL Central/southern Vancouver Island. High profile Location. 36 rooms, with franchised restaurant plus 125 seat pub 1.5 acre property. $3,950,000

CONDOS & HOMES 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 2 bedrooms, hardwood floors, granite counter tops, roof top patio. $599,000 1 BEDROOM PLUS DEN $239,900

DALE SHORTT Bus: (250) 758-3700 U

INCOME PRODUCING + REVENUE PROPERTIES SECURE INVESTMENT 6 brand new homes, all with legal suites, 2 meters each, 10 yr warranties, separate titles, 5 1/2% CAP, or hold & sell. $2,550,000 NANAIMO DUPLEX 3 bedrooms per side, 2 separate titles. Excellent income. $424,900 5 RENTAL HOMES – All together 5 sep. adj. lots. Starting at $234,900 or all for $1,150,000 DISTRESS SALE 71 UNIT APARTMENT BLOCK 4 separate buildings. New Renos. Over $500,000 spent. North Island location. Over $27,000 monthly income. Management in Place. $2,350,000 Now reduced to $1,999,000 HERITAGE APARTMENT BLOCK 13 self contained units. 1 commercial space plus lease pub & license. Gross revenue $10,000/month. $925,000 5 PLEX NANAIMO 5 meters, over $4,500 monthly revenue. Covered parking. Storage lockers. Separate meters. Asking $749,500 OCEANVIEW 3-PLEX South Vancouver Island. Excellent Income. 3 separate titles. $369,000

TOLL FREE 1-800-665-8313

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Ocean Pointe

A28

www.westerninvestor.com APRIL 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

YOU GET WEALTHY BY STRATEGY

BUYER/TENANT REPRESENTATION

Have you done a proper Lease vs. Buy Analysis? Independent Representation for Buyers or Tenants Have your Commercial Professional source your requirements:Properties, Bylaw Compliance, Investment Analysis, Negotiations Call or email David! Your Agent works for YOU!

INVESTMENT OPPORTUNITY IN

CO

N

T AC R T

An example of this is, defer taxes annually into commercial property and let it grow tax free!

VICTORIA - Carefree Net 7% Cap Rate Quality National Tenant. Full info w/ Confidentiality Agreement $6,750,000 #V4024073Call or email David!

YOU CAN LAUGH AT MONEY WORRIES – IF YOU FOLLOW THIS SIMPLE PLAN

DEVELOPMENT SITES COQUITLAM For Commercial Ground Level, Apt or

Office above 19000 Sq. Ft. Lot – C1 Zone Application in process. Busy location – 1649 - 1665 Como Lake Avenue $1,350,000 Call or email David! PORT COQUITLAM Coming soon – not available

at press time. 16,000 Sq. Ft. Site for low-rise Condos with Holding Income! $1,500,000 Call or email David!

INDUSTRIAL WAREHOUSE/OFFICE NE

W

I PR

CE

COQUITLAM High profile end unit off United Boulevard.

5000 square feet – 3500sf office, 1500 sf. warehouse 2 grade level doors. Leased until June 2012 – suits a User Occupant For Sale $850,000 CLS#V4024075 Call or email David!

s 3AY GOODBYE TO YOUR BOSS and come own this turnkey biz in Abbotsford. Sales of books and teacher supplies. Easy biz to learn and owner will train s (AVE A BUYER FOR ACRES IN Mission, BC s (OTEL )NVESTMENT opportunity in North East BC

DAVID KEARNEYCCIM www.davidkearney.com dkearney@remax.net

604-942-0606

Toll Free: 1-888-942-0606 RE/MAX S ABRE REALTY

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

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

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 $2,198,000

CALL ROY MUFFORD

604-533-3491

INVESTOR ALERT Turn $7 Mill into $25 + Mill. 43ac property Langley. All services at property line, adjacent to existing subdivisions. Call for details.

Garth Olson Re/Max Treeland Realty 604-533-3491 realestate@garth-olson.com

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

$1,600,000 KEITH SETTER

604-533-3491

RE/MAX SABRE REALTY GROUP 102-2748 Lougheed Hwy., Port Coquitlam, B.C. Tel: (604) 942-0606 Fax: (604) 942-9533

FOR SALE OR LEASE IN CHILLIWACK BRAND NEW RETAIL/COMMERCIAL STRATA x14 units to choose from xLocated on busy main road xHigh visibility xFrom 746 sq. ft. to 4,654 sq. ft.

xGreat opportunity for business

owners and investors xGet in at ground floor and pick your

spot today

SALE FROM: $183,000 OR LEASE FROM: $8/S. F. TN

PROGRESS WAY INDUSTRIAL PARK BUY OR LEASE SIMILAR

xArchitecturally Controlled xFully Serviced Lots xWill Build to Suit xIndependent or Strata Warehouse for sale or Lease from 2,000 to 500,000 sq. ft. x20 Minutes to US Sumas Border

BU TO ILD SU IT

1 to 20 Acre Development Lots

xLocation: Lickman Rd. Interchange and Hwy 1 Chilliwack Usage: Warehousing, food processing, manufacturing, general commercial and light & heavy industrial uses. Outside storage

FOR SALE IN CHILLIWACK LIVE/WORK OPPORTUNITY xMixed use 3,250 sq. ft. building x4 Bays with in floor radiant and

xSeparate 3 bdrm, 2 bath

separate gas and electric meters xResidential units above

xClose to airport and suitable for

residential unit with 1 bay shop airport related use

SALE $689,900

COMMERCIAL DEVELOPMENT SITE xHigh profile location xEasy access & great exposure xOver 125’ of Frontage xLand size 48,326 sq. ft.

xSite profile available xFully Leased - current

income $4500/month gross xBuy & develop for future profit

SALE $1,244,000

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

x8,940 sq. ft. building xCompletely renovated xLight Industrial Building xWarehouse & Office

SALE $975,000

SALE $599,000

INVESTMENT PROPERTY

FORECLOSURE PROPERTY

xCompletely Renovated xIn Harrison Hot Springs x1,057 sf strata property x Fully Leased- 7% CAP

xIdeal opportunity for live/work xProperty is .60 acres xModular home & Restaurant xZoned C2 (HWY Commercial)

SALE $177,900

SALE $209,000

1 ACRE INDUSTRIAL LIVE/WORK PROPERTY x2,843 sq. ft. 4 Bedroom Home xGreat living space xZoned CD14 - Outside Storage

xLight xIdeal

Industrial/Commercial for Automotive, woodwork, Machine Shop, Warehouse, Distribution

SALE $649,900

INDUSTRIAL LAND 2 LOTS - 1/2 ACRE EACH Zoned M-2 $339,000 EACH 1 LOT - 10.6 ACRES Dual Zoning M-3 & M-4 $4,850,000

Lots are level with compacted gravel base x Offering dual road frontage xManufacturing, distribution, outside storage, warehousing, food processing, etc. x

FOR LEASE Lease from $12$13/sq ft.

Lease from $12$13/sq ft.

xWell Located next to new Safeway xProfessional office building xSpace available 850 to 7,000 sq ft x800 to 1,524 sq. ft. xOn site parking and good access xOn site parking and elevator

Lease from $6.50$12/sq ft. xOn high traffic corner x806 to 1,900 sq. ft. xWell maintained building

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

OFFICE FOR SALE

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

RE/MAX TREELAND

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