Western Investor November 2011 Section A

Page 1

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

SELF-STORAGE FACILITIES – FOR SALE Penticton, BC

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

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

s Asking $3,550,000

s Asking $2,850,000

WE ARE YOUR SELF-STORAGE EXPERTS

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

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

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

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

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

s )DEAL FOR HOME IMPROVEMENT STORE SHOPPING CENTRE MOTEL 26 0ARK 3TORAGE s .OW ONLY $3.99 Mil K AC

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

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

or 1-800-890-9855 CHRIS LANGHAUG 604-534-7974 langhaug@naicommercial.ca Langley Bypass Lease 16,000ft service center plus up to 2.5 acre yard Highway commercial.Great auto / boat sales location Small strip mall Langley $850,000 Trailer park Prince George, BC $1.9 MILLION Warehouse Port Kells buy or lease 8,000 to 50,000 sq. ft. New franchise operations for Restaurant and Retail Stores Merritt, BC

INVESTMENT/RE-DEVELOPMENT COMMERCIAL SITE - LANGLEY, BC

Please call Glen for more information

s $3.3 million

GLEN LAMBERT 604-999-3707

$4.29 NOVEMBER 2011 Vol. 26/Issue 11

14 CASH FLOWS IN THE SUNBELT

Investors jump on U.S. rentals as prices plunge Las Vegas realtor Lydia Clarke cheers on Canadian investors: houses for $80,000, condos for $30,000 and cash is king

9 INDUSTRIAL A SITTING DUCK

MERRITT, BC OPPORTUNITIES

MINI STORAGE ON 1 ACRE PARCEL

VANCOUVER • LOWER MAINLAND • VANCOUVER ISLAND SECTION

â–˛

Vernon, BC

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

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

ALFRED LEUNG 604-534-7974 CHRIS LANGHAUG

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

“Captive� sector sees no mercy as municipalities hike development fees 11 VANCOUVER’S EASTERN CORE

City, developers aim to clear viaducts for last great waterfront play SPECIAL SECTION • B14

HOT PROPERTIES

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

200th Street

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

DON MACDONALD, CCIM

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

Subject Property

Highway #1 Interchange

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

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

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

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

WASHINGTON INVESTORS!

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

#ALL *EFF OR -IKE s WWW COPACREALESTATE COM

A2 Lower Mainland

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

DOWNTOWN COMMERCIAL STRATA LOT

FOR SALE VANCOUVER DEVELOPMENT SITE

RETAIL STRIP CENTRE PENTICTON

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ERIC WALKER

IAIN YOUNG

KYLE WILSON CRAIG HAZIZA***

FOR SALE - 61 ROOM HOTEL WITH RESTAURANT

FOR SALE-MIXED USE FULLY TENANTED BUILDING ON COMMERCIAL DRIVE

FOR SALE - RETAIL STRATA

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CHRIS DRIVER*/ BRETT AURA DON DUNCAN*

BOE IRAVANI MARK TREPP

TYLER PRIDHAM CRAIG HAZIZA*

BURTON VAN ALSTINE* ROBERT STOKES

BILL RANDALL*

BURTON VAN ALSTINE* HUDGE PARMAR*

FOR SALE-FREESTANDING STRAT BUILDING

MANNING PARK RESORT & SKI CENTRE

FOR SALE RESIDENTIAL LAND

MULTIFAMILY DEVELOPMENT SITE

SELF STORAGE FOR SALE KELOWNA

4 SUITE RESIDENTIAL MULTIFAMILY OPPORTUNITY

CORNER - I-1 PROPERTIES

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CRAIG HAZIZA***

GROCERY ANCHORED SHOPPING CENTRE

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BILL RANDALL*

DEVELOPMENT OPPORTUNITY WITH INCOME

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

FOR SALE - 88 CREEKSIDE ROAD, ROSSLAND, BC

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

CHRIS NEWTON

BILL RANDALL*

FOR SALE FREESTANDING OFFICE/ WAREHOUSE BUILDING

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

FLAVIO UNTI GREG MILES

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

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CHRIS NEWTON MATTHEW MACLEAN

BILL RANDALL* NOAH FREEDMAN

CHRIS NEWTON

DON DUNCAN* CHRIS DRIVER*

SMALL FREESTANDING INDUSTRIAL BUILDING METROTOWN

WOOD LAKE DEVELOPMENT SITE

BURNABY MOTEL/ DEVELOPMENT SITE

MERRITT APARTMENT BUILDING

t $VSSBHI "WFOVF t TG PO B TG MPU t %SJWF UISV MPBEJOH QBWFE GFODFE TJEF ZBSE t 4BMF 3SJDF

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t 5PUBMMZ SFOPWBUFE t VOJUT XJUI TFQBSBUF FOUSBODFT t 1PUFOUJBM SFUVSO t "TLJOH

ADAM FRIZZELL CRAIG HAZIZA

BILL RANDALL*

RICK EASTMAN*

MARK GALLAGHER HUDGE PARMAR*

BRETT AURA

DAG MEYER

LADNER MIXED USE SITE

86.85 ACRE DEVELOPMENT SITE NOT IN ALR

FOR SALE - 32860 MISSION WAY, MISSION, BC

GREENWOOD MANOR

ZENITH APARTMENTS

INN ON THE WATER, SQUAMISH

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t SPPNT CFET IPUFM IPTUFM t 8BUFSGSPOU MPDBUJPO ZFBST PME t "TLJOH

CHRIS NEWTON MATTHEW MACLEAN

HUDGE PARMAR* MARK GALLAGHER

BILL RANDALL*

CHRIS DRIVER*/DON DUNCAN* BRETT AURA

DON DUNCAN*/CHRIS DRIVER* BRETT AURA

DAG MEYER

RETAIL SHOPPING CENTRE INVESTMENT OPPORTUNITY

FOR SALE INDUSTRIAL COMPLEX

FOR SALE - WILLOW CALE ROAD, PRINCE GEORGE, BC

FOR SALE 16113 20TH AVENUE SURREY, BC

15 SUITE APARTMENT BUILDING LOCATED IN CHINATOWN

FOR SALE - EIGHT STRATA LOTS

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

HUDGE PARMAR*

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BILL RANDALL*

Moving with confidence

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

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BILL RANDALL*

BILL RANDALL*

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DON DUNCAN* CHRIS DRIVER*

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

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

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

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CRAIG HAZIZA***

$0/5&/54 /07&.#&3 7"/$067&3 Â… -08&3 ."*/-"/% Â… 7"/$067&3 *4-"/% 4&$5*0/

41&$*"- 4&$5*0/ Â… #

HOT PROPERTIES

FEATURES 14 0/ 5)& $07&3 $BTI GMPX DPOEPT GSPN

On the cover Las Vegas realtor Lydia Clarke welcomes western Canadian real state investors into Las Vegas landlord plays. Photo: Dave Becker

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

Canadian investors jump in as foreclosures soar in Sunbelt

9

%FWFMPQFST SFMFBTF DJWJD DPTUT SFQPSU DBSE

And yes, there are prizes this year, but only for a few

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

11 7BODPVWFS WJBEVDUT OPX BQQFBS EPPNFE

2–20 -08&3 ."*/-"/% 3&"- &45"5&

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

8 4&37*$&4 21 4&" 50 4,: 46/4)*/& $0"45 3&(*0/

Aging on-ramps in path of multibillion-dollar real estate site Download a PDF of all our Regional Roundups online at www.westerninvestor.com

COLUMNS

22–27 7"/$067&3 *4-"/% 3&"- &45"5&

6 19 23 27

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

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

.03& 0110356/*5*&4 ™

6 4 " */7&45*/( 45&&3 $-&"3 0' ¡()045 508/4¢

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

8)"5¤4 )"11&/*/( */ #3*5*4) $0-6.#*" %0/& %&"-4

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

BIRCH BAY – 1128 FEET OF HIGH BANK WATERFRONT Sits in front of this 105 acre hard to find parcel of land in beautiful downtown Birch Bay. Priced at $13,500,000

$125,000,000 – 1247 Acres Semiahmoo

One of a kind property all in one parcel. 1247 picturesque acres that you get to purchase only once in your lifetime. Good roads are already in and surrounded by Semiahmoo Golf Course and Resort & Drayton Harbor. Water view from almost every area. Well maintained property. All of this for $100,000 per acre

For more information, call our office.

RON BENNETT COMMERCIAL REAL ESTATE Ron Bennett

SUTTON GROUP WEST COAST REALTY

(USN Ret.)

CALL

/ Owner - Broker

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

604-817-7338

Don Munro

ACREAGES

ACREAGES

ACREAGES

ABBOTSFORD 5133 Bates Road

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

s !CRES s 0OTENTIAL FOR ,OTS

s #/524 /2$%2%$ 3!,% s ,ARGE HA !CRE &ARM WITH BEAUTIFUL VIEW OF -OUNTAINS s 0OTENTIAL "ERRY ,AND s -ANY OUTBUILDINGS INCLUDING BARNS CARPORTS WORKSHOP STUDIO AND GARAGES s "UILD YOUR DREAM HOME HERE

700 Columbia Valley Road

5HE BANK SENT A CHEQUE BACK MARKED p*NSUFFICIENT FUNDSq 5HEM OR ME

s !CRES s 0RIME &ARM ,AND s "UILD YOUR DREAM HOME HERE *F A LONG DRESS IS EVENING WEAR WHAT IS A SUIT OF ARMOR 4ILVERWARE

SURREY 188th Street and 80th Avenue s !CRES s &UTURE 0OTENTIAL 8HAT DID ONE MAGNET SAY TO THE OTHER * FIND YOU VERY ATTRACTIVE

✓ VALUE FOR $

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

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

✓ GOOD RETURN

COMMERCIAL/INDUSTRIAL LANGLEY 203-20771 Langley Bypass

27449 60th Avenue

CHILLIWACK 7640 Nixon Road

51140 Ruddock Road

botsold@intergate.ca

s !CRE 0ARCEL s ,ARGE #OUNTRY (OME WITH (ELPER 3UITE s %ASY !CCESS TO 4RANS#ANADA (IGHWAY s /WNER SAYS SELL

s SQ FT COMMERCIAL STRATA s &ULLY LEASED s %XCELLENT )NVESTMENT 0ROPERTY

8558 Chilliwack Mountain Road

27691 Downes Road

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

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

48th Avenue & 216th Street

8HAT DID THE RUG SAY TO THE FLOOR %ONsT MOVE *sVE GOT YOU COVERED

s !CRES TWO PARCELS s 0OSSIBLE &UTURE 0OTENTIAL

COMMERCIAL/INDUSTRIAL 8HAT DID THE NECKTIE SAY TO THE HAT :OU GO ON AHEAD *sLL HANG AROUND FOR A WHILE

CHILLIWACK 8495 Aitken Road, 8565 Aitken Road & 8579 Aitken Road s ACRE )NDUSTRIAL 6ACANT ,OTS s :ONED - 3ERVICE )NDUSTRIAL s 0ERFECT FOR SMALL BUSINESSES

✓ TENANT COVENANT

SURREY 11151 Bolivar Street & 13340 112 Avenue s !CRES ON CORNER s :ONED #() (IGHWAY #OMMERCIAL

19518 32nd Avenue s !CRES IN #AMPBELL (EIGHTS s $ESIGNATED "USINESS /Fl CE 0ARK 8HAT CLOTHES DOES A HOUSE WEAR "DDRESS

✓ UPSIDE

✓ CAREFREE

A4 Lower Mainland

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

ĂƒĂŠ ÂœĂŠÂŁĂŠSub Interior B.C. $600,000 plus sales a year good lease in place. Owner nets $110,000 a year. Panago Squamish $550,000 sales per year Owner netting $10,000 plus per month Edible Arrangements West Van $189,000 Hot franchise. Owner nets $55,000 a year Bridesmaid clothing retail $199,000 Nets $90,000 a year Sewing business, customers supplied, $109,000 Nets $50,000 a year

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

&'$ #$"# $& %

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604-888-7818

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

%>;;/B

Call Now or Email roger@roaron.com

" "$ % ,"33 02/'&33*/.", 342"4" /''*$&3 6&2 0,"..&% *. 47/ 0)"3&3 534"*."#,& %&3*(. 7*,, 2&35,4 *. /,% '"$*,*49

www.roaron.com 8; /+</ %+5/

Don Ellis RI

$8, 2+<6+; +<87 &/+2/7

/7<371=87 ?/7>/

&2/ >5=3%98;= /7=;/ 80 A-/55/7-/

FOR SALE PORT COQUITLAM 4 LOTS APPROVED FOR SUBDIVISON

ERED T ORD

>;7+,B

/$"4&% 7*4)*. 4)& 52."#9 "+& 0/243 /-0,&8 4)*3 .&7 $/-0,&8 7*,, '&"452&

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SALE

COUR

$1,395,000

8>1 /#+=8>;/5 $8, 2+<6+;

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LANGLEY

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

4547 SF RETAIL OFFICE STRATA 2 rental units or 1 with high exposure 110ft frontage sharing 16 stall parkade. Near lougheed & Hwy #1 Coquitlam. Priced less than assessment or warehouse space. $699,000 /$154 psf

+<= +<=371< %=;//= 69;/<< 8=/5

4 LARGE LOT SUBDIVISION

$1,599,000

SE

E/LEA L A S R

Financing Available. Potential Trades.

604-524-3641 ext 311 donellis@naicommercial.ca

1521 WEST 4TH AVE

BUILDING AT UBC

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

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Call Larry Traverence

604-787-7654 Kris Pope 604-318-5226 FOR SALE 1028 HAMILTON STREET {ĂŠĂƒĂŒÂœĂ€iÞʍÂ?Ă•ĂƒĂŠL>Ăƒi“iÂ˜ĂŒĂŠĂŠUĂŠĂŠĂŽä]äääĂŠĂƒÂľĂŠvĂŒĂŠ Asking $17,500,000

FOR LEASE 725 Eaton Way ÂŤÂŤĂ€ÂœĂ?ʙ]Ă“ääĂŠĂƒÂľĂŠvĂŒĂŠĂœ>Ă€iÂ…ÂœĂ•ĂƒiĂŠĂœÂˆĂŒÂ…ĂŠ>ÂŤÂŤĂ€ÂœĂ?ĂŠ ĂŽ]nääĂŠĂƒÂľĂŠvĂŒĂŠÂœvwViĂŠĂƒÂŤ>Vi°ĂŠ ĂŒĂŒĂ€>VĂŒÂˆĂ›iĂŠĂ€>ĂŒiĂƒ°

Larry or Kris 604-689-8226

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81,260 sq.ft. R&D

Larry Traverence 604-787-7654 FOR SALE OR FOR LEASE 8828 HEATHER

ÂœĂ€Â˜iÀÊ-ĂŒĂ€>ĂŒ>ĂŠĂ•Â˜ÂˆĂŒĂŠĂŠUĂŠĂŠ ÂŤÂŤĂ€ÂœĂ?ĂŠx]äääĂŠĂƒÂľĂŠvĂŒĂŠĂŠ UĂŠĂŠ ÕÀÀiÂ˜ĂŒÂ?ÞÊ>ĂŠVœ““iĂ€Vˆ>Â?ĂŠÂŽÂˆĂŒVÂ…i˜ Asking $1,250,000 / $15 NNNĂŠĂœÂˆĂŒÂ…ĂŠ Â?i>ĂƒiÂ…ÂœÂ?`ĂƒĂŠ>˜`ĂŠiÂľĂ•ÂˆÂŤÂ“iÂ˜ĂŒĂŠ>Ă›>ˆÂ?>LÂ?i

Larry Traverence 604-787-7654

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

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Lower Mainland A5

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

APARTMENT BUILDING SPECIALIST EAST VANCOUVER

BURNABY

PENTICTON

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

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

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

WESTSIDE

NEW WESTMINSTER

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

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

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

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

604.263.2823

MIXED-USE DEVELOPMENT

OFFICE/WAREHOUSE SALE/LEASE

INVESTMENT BUILDING

LOT FOR SALE

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

6158–6178 East Boulevard, Vancouver 2ARE OPPORTUNITY IN +ERRISDALE s :ONED # 4WO PROPERTIES ON SQ FT LOT 31,130 sq ft of buildable density

120 & 122 West 8th Avenue, Vancouver Units range from 577–2,230 sq ft SQ FT BUILDING s 3PECTACULAR VIEWS 3ECURED UNDERGROUND PARKING

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

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

Tom Bakker, James Bayley

Chris McIntyre, James Bayley, Tom Bakker

Ryan Saunders, Mitch Ellis, Conor Finucane

James Bayley, Tom Bakker, Meghan Kennedy

James Bayley, Tom Bakker, Meghan Kennedy

RETAIL FOR SALE

INDUSTRIAL SALE

RETAIL/OFFICE BUILDING SALE

INDUSTRIAL SALE

INDUSTRIAL SALE

1632 West 4th Avenue, Vancouver +/–1,990 sq ft retail building FRONTAGE ON 7EST TH User/investor opportunity

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

311–315 East Broadway, Vancouver &ULLY LEASED s ,ONG TERM TENANTS 3TARBUCKS "USY "ROADWAY -AIN LOCATION &UTURE RE DEVELOPMENT POTENTIAL

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

109 & 110 - 17 Fawcett Road, Coquitlam STRATA UNIT IN RIVERFRONT LOCATION &RONT OFFICE REAR LOADING !IR CONDITIONED QUALITY OFFICES 3 phase power

Chris McIntyre, Steve Caldwell

Steve Caldwell, Phil Gibbons

9.95 ACRES HOLDING PROPERTY

DEVELOPMENT SITE

Ryan Saunders, Mitch Ellis, Conor Finucane

INVESTMENT SALE

DEVELOPMENT OPPORTUNITY

128 St

4 Ave

EW

COMMERCIAL REDEVELOPMENT

Ryan Saunders, Mitch Ellis

N

James Bayley, Tom Bakker, Meghan Kennedy

176th Street/PaciďŹ c Highway

Pr ic e

Re du ce d

Pr ic e

Re du ce d

PRIME DEVELOPMENT SITE

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

375 Lynn Avenue, North Vancouver New riverfront building 3INGLE STRATA LEASED INVESTMENT SALE CEILINGS s PHASE POWER Highway #1 proximity

Steve Caldwell, Murray Wills

Rand Thomson

2450 Ticehurst Lane & 2455 Gately Avenue, Port Coquitlam 32,381 sq ft site with river frontage SQ FT OF BUILDABLE DENSITY

410 & 456 176th Street, Surrey 4WO LOTS ONLY PER ACRE Excellent holding property with revenue ACRE GRAVEL YARD s #LOSE TO 53 BORDER

Chris McIntyre, James Bayley, Tom Bakker

Chris McIntyre, Tony Capolongo, Sebastian Espinosa

George Blvd King

13061 King George Boulevard, Surrey ACRE SITE 2ESIDENTIAL )NDUSTRIAL PER /#0 "ETWEEN 3COTT 2OAD 'ATEWAY STATIONS Asking $3,995,0000 Rand Thomson, Sebastian Espinosa

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

www.dtzvancouver.com

Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent veriďŹ cation. DTZ Barnicke Vancouver Limited, Real Estate Brokerage 11/2011.

A6 Lower Mainland

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

.PTU SFNBJO DMVFMFTT PO "TJBO JNQPSUBODF hina has more than three billion people. British Columbia has more than three million people. The magnitude of scale is staggering and goes a long way to explain that what British Columbia sees as enormous economic opportunities is a mere pittance for the Asian giant. And surprisingly, few B.C. residents are even clued into China’s importance to the province’s economic future. This was brought home during a recent Business Council of British Columbia conference on Asian business, which rightly pushed for more local businesspeople to take advantage of our envious location for Asian trade. Yet a study done for the Asia Pacific Foundation found that only half of British Columbians agree that the province is even part of the Pacific Rim and 60 per cent do not want Asian studies or language in their schools. This in spite of the fact that Asia will account for half of the world’s GDP by 2030 and that trade with China is the only reason B.C. was able to pull out of the global recession. Another telling point on how far B.C. has to go to even tug at China’s economic coat-

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tails was in an address by Hank Ketchum, president and CEO of West Fraser Timber Co. Ltd. Ketchum told the conference that in the first five months of this year, total B.C. softwood exports to Asia – $776 million – surpassed those to the United States – $661 million – for the first time. “The emergence of the Chinese market has saved roughly 6,000 British Columbia jobs,� Ketchum said. But while most of us think that our prized wood is being used to build houses in China, that is not the case. The Chinese build out of concrete and steel, not wood. According to Ketchum, “[B.C.] lumber is currently used for low-value applications, like concrete forming, not home building.� China will start about 14 million homes this year – what all of North America builds in 15 years – but only about 20,000 Chinese houses will be built from wood, most of these in exclusive, Western-style enclaves. And it may be just luck that we are selling any lumber to China: a main reason is that Russia has slapped a 25 per cent tax on lumber exports from its vast forests. Take that away and Canada could be hard-pressed to match Russian competition. But Canada has been named an

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NOI: Over $300,000/yr ASKING $2,100,000

RICHARD KENT WOLSTENCROFT

OfďŹ ce: 604-530-0231 #ELL RICHARDKENT SHAW CA

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Western Investor presents its annual “Residential Outlook,� tracking investment opportunities into 2012. We also look at ski resort real estate and learn how immigrant investors are changing the market. Our regional reporters file from Chilliwack, Lethbridge, North Battleford and even tiny, surprising Carberry.

ADVERTISING DEADLINE DECEMBER 2011 issue: November 14, 2010

FRANK O’BRIEN EDITOR wieditor@biv.com

West Coast Realty

Business Opportunity

Mushroom Farm For Sale

“approved destination� by China’s government. Won’t that lead to a rush of Chinese tourists? Not really, according to Rick Antonson, president and CEO of Tourism Vancouver. Canada was the 134th country to receive the approved destination designation, hardly top of mind. Also, of the nine million visitors to Vancouver every year, only one million come from Asia, and this includes business and trade trips as well as tourists. So what is the bottom line? B.C. business and residents have to wake up to the fact that Vancouver is the largest Asian city outside of Asia and if we don’t take advantage of our strengths and sell harder into China we will be left far, far behind.

Publisher Cheryl Carter Editor Frank O’Brien Contributing Writers Mark Dziedzic, Dave Husdal, Geoff Kirbyson, Glen Korstrom, Peter Mitham, Greg Nikkel,Kevan O’Brien,Copy Editor Noa Glouberman Production Manager Rob Benac Production Natalie Reynolds, Tanya Van Advertising Sales Manager Christine Campbell Advertising Sales Paul Douglas, Gary Takahashi Advertising Sales Coordinator Angela Foster Accounts Receivable Yvonne Posch Circulation Veera Irani, Newsstands Globe Distribution Services Printed in Canada at Kodiak. Western Investor is published monthly by BIV Media Limited Partnership VANCOUVER – HEAD OFFICE: 102 East 4th Avenue, Vancouver, B.C. V5T 1G2Subscriptions and Advertising Sales Tel: 604-669-8500 Fax: 604-669-2154 Canada/U.S. toll-free: 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.

SURREY HIGHWAY COMMERCIAL 9 9 9 9 9 9 9 9

1.94 acres Next to Scott Rd. Skytrain station Easy access to Pattullo Bridge, Scott Rd. & King George Hwy Zoned CHI 1.0 F.A.R. 84,506 ft2 Gross Buildable (Approx.) Motivated Vendor Info package available

Priced To Sell For more information Garry Ward - Sutton Group West Coast Realty 604.240.4610 (garry-lorax@hotmail.com)

DEVELOPMENT SITE 21,000 sq ft development site in old Port Moody for 30 units, 10,000 sq ft commercial, and underground parking. Joint Venture Possible. Inquiries email jakescrossing@hotmail.com

Westview Town Houses

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

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

Warren Behan Personal Real Estate Corporation

SPECIALIZING IN COMMERCIAL INVESTMENT SALES FOR OVER 23 YEARS WE HAVE BUYERS FOR YOUR PROPERTY "BUY-SELL-DEAL WITH SUCCESS"

Chinatown Investment Prop 416 Main Street Growth potential in emerging area. High exposure & foot trafďŹ c. Established tenant Asking $1,200,000

Restaurant For Sale CED U D RE

Coppertank Grill 3835 Main St Newer restaurant, sports bar, 96 Seats, live music venue. Long term lease. Asking $289,000

Farmland For Sale

High Traffic Retail Location 4363 Main St (at 27th)

D SOL

5398 157th St, Surrey For over 30 years Real Estate Weekly has been your expert source for local real estate. Now with the relaunch of our new website, REW.ca is the most comprehensive local real estate resource online. We go beyond the listings to offer a complete consumer guide to real estate including neighbourhood information, school data, local news, walk scores and more.

5 acre vacant land. Nr Hwy 10 and 152nd. Holding property. Offers to $799,000

138 East Pender

For Lease 1834 West 4th Avenue 750sf, $2,700 NNN

D SOL

Chinatown Stores various sizes – call for details

Visit www.rew.ca today to complete your local search.

Prime investment opp. Ext. renovations. New 5 year lease to experienced bakery. Large 3 bdrm suite. Asking $1,680,000

East 6th Avenue Parking lot – 100' x 125' available immediately

Excellent Chinatown location. Previous bank building. Ready for design renovation. Asking $1,400,000

For more details: Success Realty & Insurance Ltd.

JORDAN ENG (604) 728-0883 jordaneng@telus.net

Lower Mainland A7

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

Vancouver Office 604 687 7331 s

s

For more information visit our website

www.avisonyoung.com

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

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

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

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

SOLD - 1484 Rupert Street, North Vancouver

LD O S

s )NDUSTRIAL BUILDING FOR SALE s /WNER WILL LEASE BACK FOR YEAR TERM s .BUU 5IPNBT ,ZMF #MZUI

+PIO &BLJO .JDIBFM 'BSSFMM FOR SALE – 8424 Aitken Road, Chilliwack s ACRES ZONED AND SERVICED )NDUSTRIAL s %XCELLENT ACCESS TO 4RANS #ANADA (WY s QFS BDSF .JDIBFM 'BSSFMM +PIO &BLJO

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

FOR SALE 10816 – 10840 124th Street, Surrey

SOLD – 171 East 1st Street, North Vancouver

SOLD – 5202 272 Street, Langley s SF SINGLE TENANT MANUFACTURING FACILITY D L s ,ONG TERM LEASE TO STRONG TENANT SO s )NSTITUTIONAL GRADE INVESTMENT

LD O S

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

FOR SALE – 2021-2025 St. St. John's Street, Port Moody s (IGHLY VISIBLE TWO ACRE CORNER SITE s !LONG THE %VERGREEN ,INE #ORRIDOR s /#0 DESIGNATION n #OMMERCIAL -IXED 5SE 1BUSJDJB -JECFUUFS 3PCFSU (SJUUFO FOR SALE – 108 – 2455 Dollarton Highway, North Vancouver s SF OFl CE WAREHOUSE STRATA UNIT s (IGH END l NISHINGS s

s SF ON ACRES s (EAVY POWER CRANES TRUCK SCALE s 0ARTIALLY PAVED COMPACTED FENCED YARD +PIO &BLJO .JDIBFM 'BSSFMM

.JDIBFM 'BSSFMM +PIO &BLJO FOR SALE – 9781 186th Street, Surrey

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

$ISJT 8JFTFS 3PC (SFFS

s "RAND NEW STOREY STRATA OFl CE m EX INDUSTRIAL UNITS s ,OCATED IN .ORTH 6ANCOUVERgS FASTEST GROWING COMMERCIAL HUB s 5NIT SIZES FROM APPROX SF SF FULL m OOR 5FSSZ 5IJFT *BO 8IJUDIFMP

SOLD – 3802 27th Avenue, Vernon s SUITES D L s ACRES SO s CAP RATE

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

FOR SALE – Unit 106 - 2567 192 Street, Surrey

5FSSZ 5IJFT *BO 8IJUDIFMP FOR SALE – Dollarton Business Park - 197 Forester Street, North Vancouver

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FOR SALE – 9340 Nowell Street, Chillliwack s SUITES ONES "ACHELOR s .EW ROOF s #OVERED PARKING $ISJT 8JFTFS

$ISJT 8JFTFS FOR SALE – 5219 - 188 Street, Surrey s ACRES OF )NDUSTRIAL LAND s :ONING ALLOWS OUTSIDE STORAGE s

SOLD – 9005 Centaurus Circle, Burnaby

LD O S 1BVM 1VSFXBM

FOR LEASE – 2372 Townline Rd., Abbotsford s SF 7AREHOUSE 0RODUCTION FACILITY s ACRES s TG 1BVM 1VSFXBM

s UNIT APARTMENT BUILDING WITH CONVENIENCE STORE s ,ARGE ACRE SITE NEAR 3&5 s #LOSE TO SCHOOLS 3KYTRAIN AND ,OUGHEED 4OWN #ENTRE s 5NDERGROUND PARKING

3PC (SFFS .BSL )BOOBI

FOR SALE/LEASE – 1455-1475 East Georgia Street, Vancouver s SF OF /Fl CE 7AREHOUSE SPACE D CE U s ) ,IGHT )NDUSTRIAL ZONING D RE E C s $OCK AND 'RADE LOADING I PR s +PIO -FDLZ 4USVBO 4BEEMFS

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

LEAKY CONDO FINANCING Full Building Repairs, Upgrades & Remediation

BUSINESS LOANS Acquisitions, Expansion, Equipment & A/R

604-552-4392 www.paramountďŹ nancial.biz Marking our 15th YEAR in business !

FOR SALE INDUSTRIAL PROPERTY

Delta BC - 11955 95A Ave 11680 sf Building on 21,961 sf Property Automotive, Retail, Restaurant, OďŹƒce and Caretakers Suite I-1 Zoning.

" , FOR ALL TYPES OF COMMERCIAL PROPERTY:

UĂŠ ÂŤ>Ă€ĂŒÂ“iÂ˜ĂŒĂŠLĂ•ÂˆÂ?`ˆ˜}Ăƒ UĂŠ ˆĂ?i`Â‡Ă•Ăƒi UĂŠ-ĂŒĂ€>ĂŒ>ĂŠĂ€iĂŒ>ˆÂ? UĂŠ ÂœĂŒiÂ?Ă‰Â“ÂœĂŒiÂ? UĂŠ ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠĂœ>Ă€iÂ…ÂœĂ•Ăƒi UĂŠ ÂœÂ˜ĂƒĂŒĂ€Ă•VĂŒÂˆÂœÂ˜Ă‰`iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒ >ĂƒĂŒĂŠ ÂŤÂŤĂ€ÂœĂ›>Â?ĂŠUĂŠ*Ă•Ă€VÂ…>ĂƒiĂŠÂœĂ€ĂŠ,iw˜>˜Vi

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CHILLIWACK AVIATION PARK UNITS FOR SALE/RENT

AUTOMOTIVE PARTS business for sale. $400,000

Alex Yuen 604-338-1800

STEADY INCOME Small commercial property. Very well maintained. Good return. Only $1,350,000 WANTED Reasonably priced apartment building, Vancouver to Langley. Also need qual buyer for F.V. apartment complex. DEVELOPMENT PROPERTIES Langley sites for condos, townhomes. Also good Edmonton area dev. acreage. SHORT-TERM HOLDS Surrey & Langley. Good acreages. Close to freeway & development. 5 BARE ACRES Surrey/Langely border. NCP: mixed use.

RAY LEWIS West Coast Realty LANGLEY

604-812-9733

TU 3&"-5: -5% 1. KHALSA BUSINESS CENTRE a. 2,364 Sq Ft fully ďŹ nished professional 11 OfďŹ ce on Second Floor available for Lease @ $12 PSF or Sale @ $225 PSF b. 3 units @ 8388 128th Street, Surrey BC 3,615 Sq ft high ceiling CD zoned, occupied by the same Carpet Store for 13 years Guaranteed leased for 24 months @ 6% cap rate, Asking $ 999,000 c. 1,183 Sq Ft units 8334 – 128th CD Zoned can accommodate most of retail business is available for Lease @$1,850 per month plus NNN or at SALE $ 293,500 d. 1,033 Sq ft unit leased for $2,300 per month until 2014 Asking $310,000

$1,699,000

Alex Yuen PREC Macdonald Realty Ltd.

MAPLE LEAF

FOR INFORMATION CALL: 793-5938 "UUFOUJPO *OWFTUPST %FWFMPQFST BOE #VJMEFST

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2. 13.3 acres ALR Flat Land for Sale @ 4915 Railway Road, Surrey MLS # F 3101190 backs on to Hwy 99 and Clear brook Road, Surrey Asking $ 997,000 3. Exclusive listing - 32 Acres Prime ALR Flat Land in Cloverdale next to BIG developments, Blueberry Farm Asking $ 3.5 M

Hari Sharma B. Comm. Member IC&I

s #URRENTLY TREED REPORT AVAILABLE SHOWING TIMBER VALUE TO BE AROUND 3OME GOOD 6ALUE IN THE 4IMBER

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BRITISH COLUMBIA REGION

Brian D. Kennedy 604-331-2211

Jonathan P. Wong 604-331-2218

MORTGAGE FINANCING For all your real estate ďŹ nancing needs www.peoplestrust.com

PRAIRIE REGION

Dennis K. Aitken 403-205-8203

Daniel Stewart 403-205-8202

A9

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

FEATURE But NAIOP survey finds industrial development charges spiked in Vancouver, New Westminster

$JWJD DPTU DVUUFST IPOPVSFE WI STAFF WESTERN INVESTOR ith the release of the 12th annual Metro Vancouver regional development cost survey, and the sixth to focus on industrial buildings, developers have honoured those municipalities that held the line on civic charges and worked progressively with the development community over the past two years.

It is a short list. The winners of what will be now known as the Name Awards (NAIOP Award for Municipal Excellence) were presented by NAIOP/ Commercial Real Estate Development Group in October and went to just four of the 20 municipalities surveyed in NAIOP’s 2011 Commercial Development Report Card. The Name winners are: • The cities of North Vancouver and Chilliwack, twin winners for “most improved municipality.â€? Both of these cities achieved the most improvement compared with previous survey results and recorded an overall drop of 6 per cent in costs from the industrial survey done in 2009, according to NAIOP. • The City of Delta won the award for “most fiscally responsible.â€? The Fraser Valley community has managed to limit cost increases for industrial development to just above the average rate of inflation over the past decade. • The City of Abbotsford took the award for “most business friendlyâ€? municipality. Abbotsford has implemented five-year staggered tax incentives for both commercial and industrial development. According to survey author Graeme Silvera, a vice-president at the Plenary Group, the city’s tax incentives include a 100 per cent property tax break, or about $106,000, in the first year a new building is complete. Based on the survey model, an industrial developer could see as much as a half-million-dollar tax break in Abbotsford.

Photo: NAIOP

8

A 100,000-square-foot industrial building, such as this example in Burnaby, was used as the baseline for the 2011 regional development cost survey.

“This is significant, and it has encouraged new investment,� he said. After these awards, however, the bottom line in this year’s report card was a B or perhaps C or even F grade for many other municipalities. Among the failing graders are New Westminster and Vancouver, both of which have jacked up development cost charges (DCCs) sharply for industrial projects since the last industrial cost survey was done in 2009. The parameter of the survey is a 100,000-square-foot industrial building, such as a distribution warehouse, on 5.5 acres of land. The development also includes 15,000 square feet of office space within the warehouse. Each of the 20 municipalities received a development proposal where rezoning, subdivision, development permit and a building permit would be required. The municipalities then provided a report on costs and approval times, according to their usual standards.

compared with just $19,166 in the 2009 survey. In Vancouver, the development charges are $417,000, nearly double the 2009 cost of $240,000. In Vancouver, this works out to more than $4 per square foot before the foundation is even poured. This, developers say, is passed directly onto the final lease, which in turn drives up the cost of doing business for tenants. “It is surprising to see costs go up that much, given that we have been in a fairly turbulent time for the market,� Silvera said. “Most people are trying to control costs to make it better for business.� Silvera noted that development cost charges, historically and legally under provincial regulations, are to provide the necessary new infrastructure, such as roads, sewers and water lines for new development. “When you get mature municipalities, like New West and Vancouver with those kinds of increases, the DCCS are obviously being used for more than just accommodating growth. In %$$ GFFT [these cities] the streets are already in, the sewIn New Westminster, the development cost ers are in, the water lines are in. They are not charges for such a project are $112,000, extending that infrastructure to any new devel-

opments. It is mostly infill projects,� he said. Almost half of the municipalities surveyed reported increases in development cost charges, which are just part of the overall fees that a developer can face. Total civic fees ranged from a low of $169,000 in Burnaby to more than $1 million in Richmond. More unnerving for some developers is what NAIOP calls “the excessive� use of letters of credit and other forms of security demanded before a project is approved. Four municipalities now require bonds of $750,000 or more. “This is becoming more an issue in today’s credit-restricted environment,� Silvera noted in the survey. The survey also looked at the time it takes from when a development proposal is submitted to when a building permit is approved and shovels can go into the ground. The majority of municipalities had no change in their timing, but only two, the City of North Vancouver and Richmond, had an actual reduction in the time it takes to get a project underway. Still, even with an 11 per cent decrease, North Vancouver’s timeline is still 240 days, which ranked it among the slowest in the region. Abbotsford and Chilliwack provide the speediest service, taking an average of 90 days to turn an application into a building permit.

(SFFO GFFT

There are also new green fees and regulations in some municipalities. Over half of municipalities now have some form of green incentive or requirement, compared with six, two years ago. Most are voluntary and include a green checklist for developers, which are included in the project application to city council. “It is a kind of moral persuasion, “ Silvera said. = NAIOP members appear realistic in the impact of their annual cost survey, which remains the only such study in Canada. “I don’t know if the survey has modified municipal costs,� Silvera said. “In industrial, [municipalities] have a captive market.�◆

-PXFS .BJOMBOE

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COMMERCIAL R E A L E S TAT E S E R V I C E S SENIOR'S DEVELOPMENT SITE SALE: $2,480,000 Foundation in place, tendered plans, permits, ready to complete. 88 units.

UĂŠPRINCE GEORGEÆÊ££nĂŠ>VĂ€i]{ĂŠ ĂŠ iĂŒĂ€iĂƒĂŠ }Ă€>Ă›iÂ?]ĂŠ­>LĂ•ĂŒĂƒĂŠ>ÂˆĂ€ÂŤÂœĂ€ĂŒÂŽĂŠ$4,250,000 UĂŠGRAND PRAIRIEĂ†ĂŠÂ“ÂˆĂ?i`ĂŠ"É,ĂŠĂŠ $140,000ĂŠ ]ʙ¯ÊV>ÂŤĂŠ UĂŠKAMLOOPS;ĂŠĂˆĂŠĂ•Â˜ÂˆĂŒ]ĂŠ $95,000ĂŠÂŤiĂ€ĂŠĂ•Â˜ÂˆĂŒ UĂŠPRINCE GEORGEÆÊÓxÂŁĂŠĂ•Â˜ÂˆĂŒĂƒĂŠ]ĂŠ ÂŁĂŽĂŠ>VĂ€i]ĂŠ$12,500,000 UĂŠPRINCE GEORGEÆÊÊ ĂŽĂŠĂƒiÂŤĂŠ>ÂŤ>Ă€ĂŒÂ“iÂ˜ĂŒĂƒĂŠÂŁĂ“Â‡ÂŁĂˆĂŠĂ•Â˜ÂˆĂŒĂƒĂŠ UĂŠSUNCOR / MCDONALD DISP°ĂŠĂŠ {ĂŠĂƒÂˆĂŒiĂƒĂŠÂŁĂŽ]äääĂŠĂƒvĂŠ>˜`ĂŠ{ä]äääĂŠĂƒvĂŠ UĂŠVICTORIA CORE°ĂŠĂŠ ,‡{nĂŠâœ˜i`ĂŠ£äĂŠĂƒĂŒÂœĂ€iÞÊ$1,250,000° UĂŠBURNABY;ĂŠÂœvwViĂŠLĂ•ÂˆÂ?`ˆ˜}ĂŠĂŠ n]äääĂŠĂƒvĂŠ$900,000 UĂŠQUESNEL; Ă€ÂˆVÂŽĂŠ Ă•Ă€Â˜ÂˆĂŒĂ•Ă€iĂŠ Ă•ÂˆÂ?`ˆ˜},ĂŠĂŠ °n™Ê>VĂ€iĂƒ]棂]äääĂŠĂƒÂľĂŠvĂŒ]ĂŠĂ“ĂˆĂŠÂŤ>Ă€ÂŽÂˆÂ˜}]ĂŠÂŤĂžÂ?ÂœÂ˜ĂŠ ĂƒÂˆ}Â˜ĂŠ$1.5 MĂŠ

PETER SEED 604-691-6608 peter@naicommercial.ca

' WZYgddb =dbZh hiVgi^c\ Vi '%.!.%% eajh <HI 6h a^iiaZ Vh V &&!%%% YZedh^i * $ ))!%%% Ydlc eVnbZci '% ™ 8Vh] ;adl Edh^i^kZ ;gdb 9Vn DcZ ™ HZXdcY =^\]Zhi 6kZgV\Z ' WZYgddb gZcih ^c 8VcVYV V[iZg ;dgi BXBjggVn ™ NZaadl`c^[Z ' WZYgddb KVXVcXn GViZ/ %#- ™ EgdeZgin BVcV\Zg 6ggVc\ZY Wn 9ZkZadeZg

EgZ"HVaZh AVjcX] CdkZbWZg '.! '%&&

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

™ Egd_ZXiZY ' 7ZYgddb GZcih d[ &!-*% eZg bdci] ™ Egd_ZXiZY 8Vh] ;adl/ je id *%% eZg bdci] l^i] -% AIK ™ CD>/ je id &*!%%%0 8Ve gViZ/ je id +#- ™ Je id &) Egd_ZXiZY 6ccjVa 8Vh] dc 8Vh] N^ZaY! eajh 9ZWi HZgk^XZ VcY 8Ve^iVa 6eegZX^Vi^dc! ]^\]Zg l^i] ^cXgZVhZY AIK

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

A10 Lower Mainland

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

GRANDVIEW CORRIDOR SOUTH SURREY 9 Acres In the Highway 99 NCP for Commercial/Business Park

m[ij[hd_dl[ijeh$Yec

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d[mi WhY^_l[i h[fehji kfZWj[i

$6,000,000 Ryan Samson 604-538-2125 Royal Lepage NORTHSTAR

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Each office is independently owned and operated.

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

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B\`k_ :ffb *-'$.*0$,-'' B\`k_79lp\iDXo%Zfd nnn%9lp\iDXo%Zfd

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Attention

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

Agents:

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

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

Bring your ideas & dreams and call Janet Kirkpatrick today for details. KIRKPATRICK 1-800-830-7175 604-858-7179 604 858 7197

5914 Main St

3 ADJOINING PARCELS = 41 ACRES

OSOYOOS $395,000

2 STREETS = 777 FOOT FRONTAGE BUILD ON 36 ACRES + CURRENT RENTAL INCOME

$7,980,000 ***************************************************************

INDUSTRIAL STRATA FOR SALE NORTH RICHMOND $645,000 = $174 PSF 3716 sf = 2,850 sf warehouse with GRADE + DOCK; showroom + 2nd oor ofďŹ ces with separate entrance. Newer building in gated complex.

Fantastic business opportunity in fast growing Osoyoos, located on a busy, high visibility highway. This is an all year round business that is well established and proďŹ table. This full turn key business with a franchise partnership with DQ, a Berkshire Hathaway company, enables you to enjoy the beneďŹ ts of a well established concept such as: exceptional franchise training & support, sustainable purchasing strength & advertising power, strong brand recognition & 60 years of experience. For more information, please contact:

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

INDUSTRIAL LEASE = $10 psf

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WESTCOAST

REACH QUALIFIED BUYERS FOR YOUR LISTINGS call Gary

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tel: (604)

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A11

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

REGIONAL ROUNDUP Vancouver and developers prepare to transform last great waterfront real estate

in the next 15 years and ones that currently abut the viaducts. City staff along with Halcrow Consulting are in the first phase of studying the impact of removing the viaducts, which are remnants of a long-rejected plan to have a highway connect eastern suburbs to Vancouver’s downtown core. “No one approaching this land now would volunteer to put an elevated expressway above what is already a big road infrastructure at Expo Boulevard,â€? said councillor Geoff Meggs, who supports removing the viaducts. “We could probably do something immediately by removing the two blocks [of the viaducts] on either side of Main Street. That would be helpful for Chinatown and good for Strathcona, too.â€? The city’s viaduct removal review has thus far centred on three options: • removing 20 per cent of the viaducts’ east end so they could flow into Main Street (within a couple of years); • removing one of the viaducts and turning the remaining structure into a two-way road (within 15 years); and • removing both viaducts and reconfiguring the road system to allow Pacific Boulevard (ABOVE) Northeast False Creek has developers lining up and city officials puzzling over to connect with Georgia Street and Expo what to do with Vancouver’s last great piece of downtown waterfront. (INSET) Vancouver Boulevard to connect with Dunsmuir Street councillor Geoff Meggs: taking out the viaducts could free up $150 million in real estate. (within 20 years). area near the future park. At least six more civic improvements required for most large Meggs believes timelines for removal can towers could fit on land currently under the Vancouver projects. easily be accelerated. viaducts. Meanwhile, Concord’s park would link with The Aquilini Investment Group, owners of current parkland at the east end of False Creek 5SBGGJD GMPXT the Vancouver Canucks, is planning up to four near Science World and adjacent to a shore- “I don’t want to be waiting 20 years to see what mixed-use towers adjacent to Rogers Arena line walkway above deteriorating wood sup- we can do with the area,â€? Meggs said. “Traffic on the edge of the Eastern Core, including a port beams. problems are very solvable.â€? 22-storey, 235,000-square-foot office tower. Thom believes False Creek could be treated Other city officials agree, as does Thom. Aquilini has submitted two plans for part of so it’s safe for swimming and that sand would Proponents note that when the viaducts were the development: one with the viaducts and also help cleanse its water. He said a beach closed for 22 days during the Olympics and one without. would be a good place to launch small water- when Cambie Street was slowed to a trickle Aquilini has also presented a proposal with craft and dragon boats, which are a common for many months, traffic concerns were fairly Canadian Metropolitan Properties for a sight at the east end of False Creek. minimal. $22 million community centre and ice rink Creating a beach and removing the viaducts “Nothing fell apart,â€? said Vancouver city near Rogers Arena. This plan was endorsed could also increase real estate value in the engineer Peter Judd. “There was congestion, in principle by Vancouver council in early towers that are likely to be built between the but the system functioned.â€? October, and will be included in Aquilini’s for Cambie Bridge and the east end of False Creek Please see Viaducts page A12

WESTERN INVESTOR he new BC Place Stadium roof is in place, plans for a dozen new skycrapers are already in action and the City of Vancouver is eyeing demolition to clear the stage for the next stand of downtown construction on perhaps the greatest waterfront real estate in the country.

5

All eyes are focused on the Eastern Core, which ultimately stretches from Northeast False Creek to Clark Drive and includes the northern False Creek shoreline. But first, the future for two stretches of an old freeway has to be considered. Removing the Georgia and Dunsmuir viaducts – remnants of a planned freeway that was never finished – would release development land valued at about $150 million, according to city estimates. The plan could pump badly needed cash into City of Vancouver coffers and create a revitalized high-end neighbourhood that could include a beach at the east end of False Creek. “We need to open up our thinking,� said Bing Thom Architects principal Bing Thom. “Maybe the whole east end of False Creek should be a beach. There’s no beach in the east side of the city that faces south. Crab Park Beach and New Brighton Beach face north.� Concord Pacific’s plan to build a park on its land along False Creek’s northeast corner is part of a negotiated agreement with the city in exchange for Concord developing residential towers on nearby land. Not including the BC Pavilion Corp. (PavCo) land adjacent to BC Place where Paragon Gaming had proposed building hotel towers and a casino, 11 towers are in various stages of planning for the northeast False Creek lands. Concord Pacific is expected to propose additional towers on land that it owns in the

Photo: CandidNet

WI STAFF/GLEN KORSTROM

Photo: Dominic Schaefer

&BTUFSO DPSFE

-PXFS .BJOMBOE

PUBS

For Sal e

I HAVE

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Theo Kefalas

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A12 Lower Mainland SQUAMISH, BC

OfďŹ ce & Retail Space Income Producing Investments or Rent To Own Opportunites. Units from 700 sf - 2,200 sf Business Park Warehouse & OfďŹ ce 1,720 sf $2,400/month Downtown: Victoria & 2nd Ave 600 sf OfďŹ ce $1,100/month Sears Canada Squamish Store Business For Sale: $79,000

Sean Brawley 604-849-0500

www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

7*"%6$54 from A11

The city’s traffic engineer Jerry Dobrovolny is equally confident about removing the viaducts. “We can mitigate traffic,â€? he said. “There’s no reason they have to stay.â€? Thom said public support is key to advancing the timeline and the best way to do that would be to develop a business case for the removal. He estimated that removal of both viaducts and reconfiguring roads, sewers and other infrastructure could cost Vancouver $100 million. However, the city would free up 10 acres of developable land underneath the viaducts. The property would need soil remediation, but it could still be sold for at least $150 million, according to real estate analysts. Thom said wresting community benefits from developers that propose towers on the land would provide the city with another $150 million. Exact numbers in the business case for the viaducts’ removal would depend on: • how much density the city allows on the underlying land; • what zoning it would give proposed developments; and • how much money developers could get from selling units in the towers. But not everyone favours the viaducts’ removal. “Removing both viaducts would absolutely

2VJDL GBDUT 7BODPVWFS # $ Population 580,000 Average detached house price $1.4 million Average acre of industrial land $1.2 million Apartment vacancy rate 2 per cent Downtown office vacancy rate 5 per cent

have an impact on traffic,� said Vancouver Taxi Association co-ordinator Armrik Mahil. “They are a major thoroughfare for the east side of Vancouver. You already have traffic on Expo Boulevard. You’re looking at two to three times the traffic.� Mahil, who is also president of Black Top & Checker Cabs Ltd., fears the resulting congestion would increase area taxi fares, which would discourage potential clients. He added that people who opted to take public transit would be delayed by the small Vancouver SkyTrain stations and the system’s small passenger loads compared with counterparts in larger cities such as London, England, where the underground handles a much higher percentage of passenger trips in the downtown core. Still, the potential of opening tens of millions of dollars worth of urban real estate for new homes and businesses – and taxes – may have already doomed the viaducts.◆

GAS STATION WITH LAND & BUILDING $2.9 MIL Golden, BC – 101 pads, 13 acres ...........5,900,000 North Battleford, SK – 60 pads, 10.9 ac .2,700,000 Invermere, BC – 31.48 acres, MHP site. 1,900,000 Kindersley, SK – 51 pads, 4.0 acres .......1,400,000 Radium, BC – 9.77 acres, Cml Hwy Frtg ....900,000 Quesnel, BC – 30 pads, 9.25 acres ...........625,000 Cherryville, BC – 25 pads, 22 acres ..........685,000 Salmon Arm, BC - 12 pads, 2 acres ...........500,000 Houston, BC – MH & RV Park, 40 ac+/- ....299,000 604-302-3771 or TF: 1-888-251-2822 Fax: 1-888-804-1394 Email: hjesse@mobileparks.com

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A

s part of the City of Vancouver’s ongoing review of the Georgia and Dunsmuir viaducts and strategic planning for the Eastern Core, the city is calling for public and professional input as part of ideas competition that ends this month. The competition is divided into two entry streams – free and fee. Both streams will accept submissions in three categories: Big Picture, Viaducts and Wild Card. The free stream is directed toward people from any background who may enter without an entry fee. The winners from this stream will also have their ideas profiled at a public forum. The fee stream, while open to anyone who wishes to enter, is directed at design professionals such as architects, engineers and urban planners and their skill sets. This stream requires an entry fee and will include a monetary award for winning entrants. An independent design jury will choose the winners in both streams. A People’s Choice Award will also be given in each category with the winning entries decided by public online voting. Deadline for submissions is November 4, 2011, with winners named in December. To enter or for more information, visit www. vancouver.ca/reconnect.

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Lower Mainland A13

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

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

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

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

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

www.naibusinesses.ca HALCYON HOT SPRINGS VILLAGE & SPA 9EAR ROUND OUTDOOR PLAYGROUND WITH SPECTACULAR FACILITIES 0ROlTABLE RESORT SPA BUSINESS WITH NATURAL HOT SPRINGS ACRES WITH M WATER FRONTAGE AND STRATA CHALETS "USINESS AND PROPERTY $15,900,000 CONSTRUCTION RELATED &RASER 6ALLEY 3PECIALIZED BUSINESS WITHIN CONSTRUCTION INDUSTRY FOR YEARS /VER M IN SALES SOLD %ASY TO OPERATE $850,000 LANDSCAPING BUSINESS ,OWER -AINLAND NEW LISTING 3UCCESSFUL LANDSCAPING AND MAINTENANCE BUSINESS WITH COMMERCIAL STRATA AND INDUSTRIAL CONTRACTS IN PLACE $890,000 share sale NIGHTCLUB BAR & GRILL +OOTENAYS 4HE MOST SUCCESSFUL CLUB IN THE +OOTENAYS WITH AWARD WINNING LIGHTING SYSTEM /NE OF THE LARGEST LICENSED ESTABLISHMENTS IN "# WITH POPULAR RESTAURANT GRILL "USINESS AND PROPERTY...................................... $1,750,000 AWARD WINNING MILLWORK BUSINESS ,OWER -AINLAND -AJOR CLIENTS IN #ANADA AND 53! 2EVENUE IN EXCESS OF M SOLD $2.0m inc equip VANCOUVER DINNER CRUISE BUSINESS REDUCED )N BUSINESS FOR OVER YEARS OPERATING TWO YACHTS FROM $OWNTOWN 6ANCOUVER .ETS $1.85m inc yachts UNIFORM DISTRIBUTOR ,OWER -AINLAND NEW LISTING /VER YEARS IN BUSINESS $ISTRIBUTOR OF CORPORATE AND HOSPITALITY UNIFORMS AND PROMOTIONAL PRODUCTS ........ $390,000 METAL FABRICATING COMPANY "URNABY 7ELL ESTABLISHED BUSINESS WITH STRONG EARNINGS HISTORY AND HEALTHY MARGINS $POA inc equip UNIQUE HOME IMPROVEMENT BUSINESS &RASER 6ALLEY REDUCED -ANUFACTURER OF CUSTOM DESIGNED SUNROOMS AND PATIOS SOLD DIRECTLY TO COMMERCIAL AND RESIDENTIAL USERS $149,000 + inv ENGINE DISTRIBUTION CO NEW LISTING 7ESTERN #ANADA ESTABLISHED DISTRIBUTOR OF MARINE AND INDUSTRIAL ENGINES AND RELATED PRODUCTS 3TRONG EARNINGS HISTORY TRAINED STAFF AND EXCELLENT PRODUCT LINES 3HARE SALE $2,500,000 inc inv & equip

ALF SANDERSON DELON CHEUNG 604-691-6646

604-691-6654

alf@naicommercial .ca

delon@naicommercial .ca

COQUITLAM WAREHOUSE

NEW WEST OFFICE/RETAIL

s &RASER 2IVER FRONTAGE s SF s

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

SURREY CITY CENTRE

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s SF BUILDING s /FlCE 2ETAIL s

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

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

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

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

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

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

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

Ted Stellakis 604-691-6692 stellakis@naicommercial.ca Cranbrook RV & Mini Storage s %STABLISHED BUSINESS SINCE ON !CRES WITH GREAT EXPANSION OPTIONS IE TO DOUBLE NUMBER OF UNITS s 'ROSS 2EVENUE .ET Asking $1,750,000 Cranbrook Mini Storage s 4HE PROPERTY HAS A BEAUTIFUL SQ FT LOG HOME ON !CRES GREAT SEMI RETIREMENT PROPERTY BUSINESS s 'ROSS 2EVENUE WITH A NET PROlT OF Asking $1,090,000 Salmon Arm, Self Storage s 6ERY STABLE BUSINESSES WITH PAVED LOT PRESENTS WELL s 'ROSS 2EV .ET 0ROlT A s k i n g $1,630,000 42 Suite Apartment Bd, Kamloops s 'ROSS )NCOME #AP 2ATE 5,100 sq. ft. Automotive Bldg, Salmon Arm s &OR 3ALE OR ,EASE Mobile Home Park, Kamloops s 0ADS ON !CRES %XCELLENT LOCATION MIN drive to major malls s 'ROSS 2EV #AP 2ATE OF

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

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

COURT ORDERED SALES 397 Acre Development Site, Sechelt BC s :ONED #$ MIXED USE RESIDENTIAL COMMERCIAL RECREATIONAL s FEET OF WATERFRONT ON 0ORPOISE "AY $22,250,000 459.1 Acre Development Site, Cranbrook BC s :ONED #$ 5( 2 ALLOWING FOR LOW MEDIUM DENSITY RESIDENTIAL s 3URROUNDING 'ARY 0LAYER DESIGNED GOLF COURSE $22,300,000 0.82 Acre Light Industrial Site, Squamish BC s :ONED L ,IGHT )NDUSTRIAL Price: $450,000 165 Acre Development Site, Abbotsford BC s 3EVEN PARCELS TOTALING ACRES Price Reduced: $9,900,000

INDUSTRIAL & DEVELOPMENT SITES

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

43,560 sq.ft. Industrial Waterfront Site, New Westminster, BC s :ONED - (EAVY )NDUSTRIAL s &IVE CONTIGUOUS WATER LOTS s FEET OF RIVERFRONT Price: $950,000 29.2 Acre Commercial/Industrial Development Site, Sechelt BC s :ONED #$ "USINESS 0ARK #OMPREHENSIVE $EVELOPMENT ALLOWING FOR VARIOUS COMMERCIAL LIGHT INDUSTRIAL USES $3,950,000 65 Acre Agricultural Resource Site, Sechelt BC • :ONED 22 2URAL :ONE ALLOWING FOR VARIOUS AGRICULTURAL GARDEN NURSERY SINGLE FAMILY AND RECREATIONAL USES $1,200,000 18.4 Waterfront Development Site, Sechelt BC s :ONED 2 ALLOWING FOR SINGLE FAMILY HOME OCCUPATION USES s !PPROXIMATELY FEET OF WATERFRONT $1,100,000

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

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

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

Committed to Canada. Connected to the World.

A14

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

COVER Discounted house prices – and Canadian developers – offer the best potential for rental investors

$BTI GMPXT JO 6 4 "

of what it was four years ago. In Las Vegas, 40,000 homes WESTERN INVESTOR will be foreclosed this year, 6,000 more than in 2010, estioreclosures are accelerating in most mates the LasVegas County U.S. states and the knock of the sher- Sheriff’s office, which often iff on the door is tattooing across the has to handle evictions. Sunbelt – yet one recreational developer is gambling on building in the U.S. as Canadian 1IPFOJY investors look south for bargains with posi- If you are looking for U.S. tive cash-flow potential. prices at rock-bottom, howAnd there are bargains once you get past the ever, Arizona’s major city heartbreak. may be it. In Nevada, a staggering one out of every “We have great [Phoenix] 11 households received a foreclosure filing in condos available for as little 2010; one out of every 17 did in Arizona and as $25,000 and houses for one out of every 18 in Florida, and it looks like $80,000, with tenants or it could get worse this year. without. Apartments are The number of U.S. homes receiving a fore- starting around $20,000 per closure notice rose 33 per cent in August from unit and are less than one- (ABOVE) One-third of Phoenix home sales are foreclosures July, the biggest monthly gain in four years, third of what it costs to build. and 40,000 Nevada homeowners are forecast to default according to California-based RealtyTrac All these low prices create a this year. (RIGHT) Las Vegas realtor Lydia Clarke: homes Inc. Banks were on track to repossess about cash-flowing investment that from $58,000 that can generate positive rental income. 800,000 homes this year, but with 222,000 will only continue to apprehomes receiving a default notice in August, ciate as the market recovers,â€? said Patrick cial risk at the low end of the market, Team 2011 could be the highest on record. O’Sullivan with Team Gerchick of Phoenix, Gerchik founder Lynda Gerchik told a recent “This is really the first time we’ve seen a sig- which works with many Canadian buyers. The Vancouver real estate conference. August 2010; and nificant increase in the number of new foreclo- company held a tour for potential Canadian She added that notices-of-trustee sales, or • active listings are declining and the supsure actions,â€? said Rick Sharga, a senior vice investors in October that drew about two dozen pre-foreclosures, are half of what they were a ply of homes priced under $100,000 is falling president at RealtyTrac. “It’s still possible this potential investors, mostly from Vancouver and year ago. fast. is a blip, but I think it’s much more likely we’re Calgary. “The bargains we are seeing today won’t last Phoenix has an apartment rental vacancy rate seeing the beginning of a trend here. 2011 is Recently, homes valued at or below $100,000 forever,â€? she said. of 13.4 per cent, but Gerchik and other realgoing to be the peak.â€? have been selling almost as soon as they hit The main reasons why “we believe the tors say that rental demand for better property The “bloated foreclosure pipeline now pres- the market, O’Sullivan said, while demand has Phoenix market is an excellent investment,â€? remains tight. ents the greatest obstacle to a housing market nearly disappeared for homes priced above the she said, are: “We have no problem renting out homes, recovery,â€? said Josh Levin, a Citi Bank ana- Federal Housing Administration-guaranteed • excellent cash flow while holding your sometimes to the former owners,â€? she said. lyst. Across the U.S., 3.7 million more homes loan limit, currently $346,250 in Maricopa investment; are in some stage of foreclosure than in a nor- County (which is anchored by Phoenix). • you are buying for a fraction of what it -BT 7FHBT mal housing market, he said. Nevada continues to lead the nation in forecloAt least half of all recent home purchases costs to build; Nowhere is the foreclosure action higher have been made by investors looking to ren• Phoenix has the demand and supporting sures, with one in every 118 households receivthan in Arizona and Nevada. ing a foreclosure-related notice in August, ovate and lease out the homes to generate demographics for real estate appreciation; Right now, 30 per cent of all Phoenix monthly income, according to Sullivan. • the median price per square foot is $78.29, RealtyTrac reports. Though default notices detached house sales are foreclosures and the surged, they fell 13.7 per cent short of the 6,116 Such investments have the greatest profit down from $190 in 2006; average house price is around $110,000, half potential and pose the least amount of finan• 8,734 sales in August, up 26.5 per cent from notices filed in the same month a year earlier. FRANK O’BRIEN

Photo: Dave Becker

Photo: Coast Realty Group

'

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A15

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

The recent surge in foreclosure filings is primarily attributed to the Bank of America, the nation’s single largest lender, which is moving forward on troubled mortgages where paperwork was found to have been improperly “robo-signed� by bank employees, ForeclosureRadar CEO Sean O’Toole said. “It’s possible that they are clearing up files that were set aside during review of the robosigning,� the foreclosure analyst said. “If that’s the case, I think this will be a one-month blip of cleanup.� The rental vacancy rate in Las Vegas has fallen to the 9 per cent range, down sharply from a year ago, according to California-based Marcus & Millichap, which says a gradual recovery of the gaming industry should lower vacancy rates and increase rents in 2011. The firm says Las Vegas employers should add about 14,000 workers, a 2 per cent increase. Visitors should increase by 2 per cent this year, improving the gaming and hospitality industries that drive apartment operations, said Hessam Nadji, managing director. Lydia Clarke, Las Vegas-based president of Investment Properties International, specializes in buying real estate through foreclosure auctions in the U.S. gaming capital, fixing them up and either flipping them or renting them out. Clarke said most of her clients are western Canadians. “Simply put, Las Vegas home values have dropped by more than half of what they were bought for five or six years ago,� Clarke said. “Many people who purchased or refinanced now owe much more on their homes than they are worth.� Some distressed buyers will try for a short sale, where the lender forgives the difference in the sale price and the mortgage owing to get some of the money back. Other owners simply walk away and let the home fall into foreclosure. About 1,000 homes are put to auction every day in Vegas, Clarke said, noting that the city is leading the U.S. in both foreclosures and highest volume of homes sold.

1IPFOJY DBTI GMPX SFOUBM FYBNQMFT

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ABOVE AND RIGHT: B.C. marketing company is pitching Washington State lakefront cottages starting at US$249,000.

Clarke said Canadians could make money through buy-and-hold or through positive cash flow as a rental. As an example she used a Las Vegas three bedroom in a good neighbourhood that she bought at auction for US$110,000. The house was given a quick makeover and rented out for US$1,350 per month. Clarke also has detached houses listed in Las Vegas for US$78,000 and townhomes from US$58,000. A Canadian recreational investor can buy Canadians. In fact, it is being marketed by two-bedroom condominiums in Sin City for Surrey, B.C.-based Fifth Avenue Marketing less than $100 per square foot, or about a third Ltd. The Wildwood Waterfront Cottages by of the price in a B.C. or Alberta resort. Lake Whatcom Resorts LLP is offering 90 8BTIJOHUPO TUBUF lakefront cottages on Lake Whatcom from Closer to home, Washington state saw US$249,000, according to Wayne Lyle, direc40,000 home foreclosures in 2010, accord- tor of sales. The cottages, set over 15 acres, ing to the Washington State Department of include access to a private marina with boat Commerce. This has led to state-wide fore- docks. closure mediation service being offered by the The cottages are around 420 square feet, state government. but have large decks and are right on the lakeBut the housing market in neighbouring front. They are being sold as freehold strata British Columbia is among the best in North units with whole ownership and Lyle, formerly America. with Intrawest Properties, said an exchange This has helped convince a group of program allows owners to exchange their Canadians and Americans to plan and launch Wildwood cottage for resort homes in North a new lakefront resort aimed directly at America and overseas. Rentals are also allowed Photos: Fifth Avenue Marketing Ltd.

“We have [Phoenix] condos for $25,000 and houses for $80,000.�

ere, three examples of the Phoenix listings Gerchik offered Canadian buyers at the Jurock Real Estate Outlook Conference in Vancouver, September (all in U.S. dollars): s ! FOUR PLEX PRICED AT THAT is rented out and grossing $22,000 per year. With 25 per cent down payment, the POSITIVE CASH FLOW IS PROJECTED AT annually (after taxes and property man agement expenses). s 3EVEN CONDOS IN A BULK BUY AT EACH TOTAL %ACH TENANT PAY ING A MONTH FOR A TOTAL OF per month. With 50 per cent down, the PROJECTED POSITIVE CASH FLOW IS annually (after Home Owner Association fees, taxes and property management). s ! UNIT RENTAL APARTMENT PRICED AT MILLION &ULLY RENTED WITH ANNUAL gross income of $200,000. With 25 per cent down payment, annual positive cash flow after expenses is proposed at Note: all these deals hinge on acquir ING COMMERCIAL MORTGAGES AT AROUND PER cent interest rates – some Canadian buy ers may be able to do better.

at the Whatcom Lake resort, which is about 45 minutes south of the U.S.-Canadian border near Bellingham, Washington. The site had been used as a RV vacation spot for years. Lyle expects 90 per cent of the cottages to be sold to Canadians when the project begins sales at the end of October, noting that Wildwood’s lakefront prices are less than half of what a cottage would cost in popular B.C. areas like Cultus Lake or the Okanagan. Mike Kent, broker-owner of Windermere Real Estate Whatcom Inc., said the Wildwood cottages would likely sell well to Canadians seeking a “lock-and-leave� vacation home, though he cautioned there is little chance of upside equity in the current U.S. market. “This is a great lifestyle choice,� he said. “It is not a great real estate investment.�◆

-PXFS .BJOMBOE LD O S

LD O S

LD O S

LD O S

LD O S

PLEASE VISIT OUR NEW WEBSITE WWW.CORBELCOMMERCIAL.COM

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

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

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

LIST PRICE: $888,000

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

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

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

A16 Lower Mainland/Business Opportunities

NOVEMBER 2011 WESTERN INVESTOR

Macdonald Commercial Real Estate Services Ltd.

,JPTL GPS 4BMF

VANCOUVER PROPERTIES | BOB SCRAGG

8JMMPXCSPPL .BMM GPPE DPVSU -BOHMFZ # $ ZFBS MFBTF POF ZFBS OFX QMVT TUPDL #Z BQQPJOUNFOU POMZ $POUBDU -FOFB PS +BDL MFOFB!TIBX DB

LIST

Top commercial realtors from across Western Canada market their listings through the Western Investor.

1-800-661-6988

EXCITING FRANCHISE OPPORTUNITY IN THE ORGANIC FOOD INDUSTRY FOR THE RIGHT INDIVIDUALS

FOR SALE

FOR SALE

- Unique home delivery concept - Groundoor opportunity / Fantastic deal for those in early - Great training and support - Looking for motivated, environmentally conscious individuals who are driven to succeed - Areas available Fraser Valley, Kamloops

$BMM %BO BU GPS NPSF JOGPSNBUJPO

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11 underground parking

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

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3 Blks to VGH & 1 Blk. to Shaughnessy

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Ground floor units, 2-storey twnhse with outside entrance

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Fireplaces in all units

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In-suite laundry

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Most units incl. 2 bath & hardwood

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List Price: $3.85M

CONTACT: BOB SCRAGG | 604.290.2906 bscragg@macrealty.com

FOR SALE | GARY KHAN 59 lot subdivision Little Mountain Chilliwack • List Price: $4.5M •

CONTACT: GARY KHAN | 604.714.4799

1275 W. 75th Ave, Vancouver

1275 W. 75th AVE, VANCOUVER: Warehouse/Showroom/Office ½ acre industrial land next to Author Liang Bridge 16,000 sq. ft. freestanding warehouse/offices

Partly or fully leased with 5,500 sq. ft. warehouse & 1,300 sq. ft. of fice currently available for owner/user or tenanted • List Price: $3.6M •

FOR SALE

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8369 River Way, Vancouver

8369 RIVER WAY, 3075 VANCOUVER: Willow, Vancouver Warehouse/Showroom/Office

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

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Easy access to New South Fraser Perimeter road & HWY 99

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List Price: $1,350,000

CONTACT: BOB SCRAGG | 604.290.2906

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

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$3,950,000 45610 Yale Road

Championship Golf Course with Hotel/Resort Potential, Vancouver Island Par 72, 6616 yards, 18 holes Championship Golf Course on 159 Acres 12,000 sq. ft. club house with pro-shop, restaurant, lounge and banquet facilities Full size driving range and large practice facilities Preliminary plans for a 200 rooms hotel and convention centre 8,000 sq. ft. custom built home PRICE REDUCED CONTACT: ERIC POON or KELVIN LUK | 604.736.5611

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

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

OWNER WANTS IT SOLD! THIS IS IT!

•

Busy Sardis location, Excellent Franchise opportunity you don't want to miss. All information available, call for complete info package. This is priced to sell!

PANTRY RESTAURANT $269,000 45466 Yale Road

20 Acres designated Business Park. Excellent access/egress to and from all parts of Metro Vancouver & close to amenities. List Price: $10,880,000 CONTACT: CHRIS MIDMORE/ BRIAN BARBER / MATT NUGENT | 604.736.5611

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

REDUCED $129,000

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

FOR SALE: NIGHT CLUB PRIMARY LIQUOR LICENCE | JOHN SULLIVAN Established in Yaletown for over 30 years 376 Seats and seldom available in Vancouver • List Price: $750,000 • •

The Pantry in Chilliwack, a proďŹ table franchise restaurant. Priced right for net income. Banquet room seats 230, conference room holds 50 seats, restaurant has 120 seats and 60 seats on patio. All interested parties must be approved by franchise. VENDOR MOTIVATED!

CONTACT: JOHN SULLIVAN | 604.714.4773

COURT ORDERED SALES | BRIAN TATTRIE & GARY KHAN •

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

Rd with excellent exposure. (Across for South Gate Shopping Centre) Very clean Building!! Building approx. 3,000 sq.ft. with one Bay door, Excellent Retail Space for your business or purchase existing Business. Goal Line Hockey Can be purchased separately it is a state of-the-art Hockey training facility with Rink and Skatemill. A must see. Priced to Sell!!

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$449,000 45922 YALE RD. BUILDING AND LAND LOCATION LOCATION!!! Perfect for detail shop This property is on Busy Yale

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Elevator

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$1,799,900 44703 Yale Road/ 44698 Chalmer Place

FOR SALE

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

3075 Willow, Vancouver

3075 WILLOW, VANCOUVER:

•

•

REDUCED $1,050,000

FOR SALE 1275 W. 75 th Ave, Vancouver

8 units 17 years old Apartment Blg.

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

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

3075 Willow, Vancouver

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2 retail strata units, Langley: $529,000 REDUCED: $499,000 Office Building, New Westminster: $1,300,000 REDUCED: $1,250,000 CONTACT: BRIAN TATTRIE - 604.714.4783 | GARY KHAN - 604.714.4799

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

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

Lindsey Gauthier Personal Real Estate Corp.

sutton group showplace realty ltd.

GauthierTeam.com

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Land, building & business for sale Approx. 10 acres in ALR. List Price: $1,750,000 REDUCED: $1,699,000 CONTACT: GARY KHAN | 604.714.4799

FOR SALE: KAMLOOPS BOUTIQUE HOTEL | BRIAN TATTRIE •

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

Vancouver 604.736.5611 | Fraser Valley 604.590.2444 www.macdonaldcommercial.com

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

Lower Mainland A17

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A18 Lower Mainland

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

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A19

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

You can buy a 2,400-square-foot house in where possible, due to the amount of older tenSurprise, Arizona, for $100 000 and rent it ants. When purchasing a condo, a lower-level out for $995 a month. A similar story plays unit or one with easy access is a plus. • Buy where there is good job growth. out across the U.S., especially in the Sunbelt • Buy in neighbourhoods that have a good states. infrastructure in place. In Phoenix, for example, during the 16 years that I have been visit,FFQ JU TJNQMF When it comes to buying U.S. property don’t ing there, when the shopping centres go in the complicate things and remember that buying housing values go up. Always try to be close there is not difficult, if you follow some simple to the good schools. steps. It’s funny how long people will deliberate over a property investment 5IF ÂĄEPO¤U¢ MJTU sometimes, yet they’ll write a 'JOBODJOH • Don’t buy property or do business with cheque to their financial advis- friends and family. If you absolutely must, In the U.S., Canadians can put er to buy a mutual fund that make sure you have a written agreement or, 20 per cent to 30 per cent down keeps almost 3 per cent of their better yet, a partnership agreement in place. to buy their first property, and money each year and invests That will protect all parties and help resolve investor financing is available, in markets that quite frankly any issues that may arise. but your best bet is to use your offer very little security, and Canadian line of credit if you • Do not buy U.S. investment property with you don’t know or get to par- high maintenance or condo fees. They are hardare planning on buying two or ticipate in management either. er to sell later. Never, never, never buy where more properties. In my 15 years as an adviser, I there is a land lease. When you start your search have never known anyone who of property in the U.S. stick • Don’t wait for the perfect time to buy. consistently beat the market, Trying to pick the bottom is near impossible, to the kind of homes that the and most invested in stocks and and when the herd moves in, your choices average person or family can bonds. Time is money so put it become limited. Some of the most successful afford. MARK DZIEDZIC to work – affordable cash flow investors I know are buying multiple properties It is somewhat ironic that so many people who are seeking U.S. property property is the key. in the U.S. right now, and have already scooped First off, what are your U.S. investment up the bottom of the trough, e.g., good $40,000 can initially be so gun shy. Some consider America as the most foreign objectives? Is this a second home or an invest- to $70,000 condos in the core. If you see any country on earth, with the worst crime and a ment property? A second home is simple. Make more of these, buy them without hesitation. viewpoint that the country is falling apart at the sure a good property manager looks it after in • When buying limited partnerships (LPs) seams. The United States remains the wealthi- your absence. A gated community in that sce- that invest in real estate, anything the L P nario is typically best, but don’t rule out a good charges that is greater than a 20 per cent share est country on the planet, however. Phoenix, like all major cities, does have neighbourhood either. of profits is plain greedy. its problems, especially economically, but If you are looking to rent your property and • Use a realtor when buying, especially with crime and the home-buying process at the earn some income, I have seen folks do it well builder deals. Get someone who is selling real end of the day is not all that different to what in the outer areas and downtown. The key is estate full time and has been doing it for at least Canadians are used to. Closing costs, taxes and to buy a home that has a “wowâ€? factor to it, two years. Realtors in Phoenix are a dime a maintenance are what you would expect – less without paying too much. I bought a home for dozen – it doesn’t hurt to use one that underexpensive in the U.S. by a healthy margin. One a client with a basketball court in the backyard stands the Canadian mindset. other major difference is that the laws govern- in the mid $300s. He has so many requests for • Lastly, be grateful. We live in the greating landlords and tenants in Arizona favour it as a vacation rental that he rarely gets to use est country in the world. We can buy property landlords, unlike the unreasonable laws that it, and it’s not in the centre of town either. in the U.S. at a fraction of the price because pander to tenants in B.C. and other provinces Americans didn’t keep it simple. Don’t make in Canada. 5IF ÂĄEP¢ MJTU the same mistake.â—† Many homes in the U.S. are selling for less • When renting out property, make sure to than what it would cost to buy the dirt to build rent to people with good credit. Be patient and Mark Dziedzic, Calgary-based president of on. Most homes, for instance, are insured at get the right tenant. The potential extra money Cross Border Realty Ltd., is an expert on buy$120 per square foot and are selling for less in the short term is not worth the aggravation. ing U.S. property U.S. He can be reached at than half that cost. • Stick to single-level and smaller homes, mark@crossborderrealty.com.

You can buy $100,000 houses that rent for $995 a month and make you money

$BTI GMPXJOH JO 1IPFOJY 8

ith our long cold winters, it is no surprise that so many Canadians are flocking to the Sunbelt U.S. states in search of warmth, and just maybe an investment that will pay dividends.

I am one of them. I have used my experience, living part time in the U.S., to help other Canadians buy their dream home or investment property south of the border – the right way. As a financial planner, my most successful clients always owned between two and four properties, in addition to their investment portfolio. They had their share of bonds and mostly held good companies that paid a dividend, like Canadian bank stocks or big oil. But in real estate, what made them so successful is that they bought affordable homes that would generate positive rental cash flow. Clients who paid attention to this advice have been able to ride the steady decline in the U.S. market quite comfortably. In fact many of our clients have actually made money already with U.S. properties that are now more rare and difficult to find, particularly in Phoenix, Arizona, where I specialize. When you stick to affordable houses in good neighbourhoods – the kind where there are decent schools, and have a good infrastructure in place, close to a highway, and good shopping – you will ride out the bumps because there will always be demand for your property. In Phoenix, this is important because the city has a crazy amount of urban sprawl and some ghost towns [unfinished subdivisions] in the outer areas. Be very cautious of these areas.

*/7&45*/( */ 6 4 "

-PXFS .BJOMBOE

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A20 Lower Mainland 3 LAKES ON

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

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

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

NEW PRICE

$724,900

For more Information please visit

www.KafkaRealEstateTeam.com

5P WJFX $BMM 3BF 'PSFTU

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

Distribution Warehouse

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

Multi-use Light Industrial Property

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

Ideal Commercial Building Site

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

Chilliwack $479,900 3600 sq. ft. warehouse for sale or lease. Features 22 ft. ceiling in the warehouse with ofďŹ ce or retail space, complete with washrooms in a great location. Great access to the freeway and all amenities. Can be divided into two separate entities.

Corney Les

g-yamada@shaw.ca

COMMERCIAL AND RESIDENTIAL REAL ESTATE SINCE 1989

BUSINESSES FOR SALE

In-Town Oceanfront Industrial Property

MagniďŹ cent Waterfront Acreage

GREEK MEDITERRANEAN RESTAURANT $400K UĂŠ->Â?iĂƒĂŠfÂŁ ÊÉÊÎÊÞi>Ă€ĂƒĂŠĂ‰ĂŠ ˆ˜ˆ˜}ĂŠEĂŠ/>ÂŽi‡"Ă•ĂŒ UĂŠ Ă€i>ĂŒiÀÊ6>˜VÂœĂ•Ă›iĂ€ĂŠĂ‰ĂŠÂ™ĂŽĂŠĂƒi>ĂŒĂƒĂŠĂ‰ĂŠ ˆ¾°ĂŠ ˆVi˜Vi UĂŠ iĂŒĂŠfĂ“xä ĂŠĂ‰ĂŠĂœÂˆÂ?Â?ĂŠÂ?ÂœÂœÂŽĂŠ>ĂŒĂŠĂ€i>Â?ĂŠiĂƒĂŒ>ĂŒiĂŠĂŒĂ€>`iĂŠ

Multi-purpose Development Property; 97 acres gently sloping land + approx 19 acres of foreshore with deep water access. $3,100,000 245 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

Harvard Business Park

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

GOURMET MEAT SHOP $159K UĂŠĂŠ ĂƒĂŒ>LÂ?ÂˆĂƒÂ…i`ĂŠÂŁĂ“ĂŠĂži>Ă€Ăƒ°ĂŠ-Ă•ÂŤiĂ€ĂŠĂŒĂ•Ă€Â˜ĂŠÂŽiÞÊLĂ•ĂƒÂˆÂ˜iĂƒĂƒ UĂŠ Ă€i>ĂŒiÀÊ6>˜VÂœĂ•Ă›iÀÊ>Ă€i>‡Ê}Ă€i>ĂŒĂŠÂ?ÂœV>ĂŒÂˆÂœÂ˜ĂŠ UĂŠ6iÀÞÊÂ?ÂˆĂŒĂŒÂ?iĂŠVÂœÂ“ÂŤiĂŒÂˆĂŒÂˆÂœÂ˜ĂŠĂ‰ĂŠ ˜vÂœĂŠ*ÂŽ}°ĂŠ>Ă›>ˆÂ?>LÂ?i UÊÎÊÞÀÊ>Ă›iĂ€>}iĂŠ->Â?iĂƒĂŠffx{Ç ÊÉÊÎÊÞÀÊ>Ă›iĂ€>}iĂŠ iĂŒĂŠf™Î UĂŠ Â˜Ă›iÂ˜ĂŒÂœĂ€ĂžĂŠÂ˜ÂœĂŒĂŠÂˆÂ˜VÂ?Ă•`i`ĂŠ­>ÂŤÂŤĂ€ÂœĂ?°ĂŠfĂ“ä ÂŽ

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

Located at Duke Point near Nanaimo this 35000 sq. ft. warehouse is ideally situated for distribution of goods to Island locations. Just 5 years old this building has 22 ft. ceilings, ďŹ ve loading bays, 1800 sq. ft. of ofďŹ ce space as well as a 3 bedroom caretaker suite. Now available for sale at $4.3 million or for lease at $7 NNN.

GLENN YAMADA

Great Investment Property

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

Aroma's Gourmet Coffee & Lunch

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

Your Dollar Store with More

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

604-795-6938

RE/MAX Corney Les Realty www.morechilliwackrealestate.com

NEW!! VETERINARY MEDICAL / SURGICAL INSTRUMENT SUPPLIER $350K UĂŠ ĂƒĂŒ°£Ă“ĂŠĂži>Ă€ĂƒĂŠĂ‰ĂŠĂƒÂœÂ?ˆ`ĂŠVÂ?ˆiÂ˜ĂŒĂŠL>ĂƒiÊÉʍÂ?Ă•ĂƒĂŠ Â˜Ă›iÂ˜ĂŒÂœĂ€Ăž UĂŠ LĂƒiÂ˜ĂŒiiĂŠÂœĂœÂ˜iĂ€ĂŠĂ‰ĂŠĂ“ĂŠĂƒĂŒ>vvÊÉÊÂ?ÂœĂœĂŠÂœĂ›iÀ…i>` UĂŠ7iLĂŠĂƒÂˆĂŒi]ĂŠ ÂœÂ“ÂŤ>Â˜ĂžĂŠ Ă€>˜`ĂŠÂˆÂ˜ĂƒĂŒĂ€Ă•Â“iÂ˜ĂŒĂƒ UĂŠ{ĂŠ9i>ÀÊ Ă›iĂ€>}iĂŠ `Â?Ă•ĂƒĂŒi`ĂŠ iĂŒĂŠfÂŁĂ“Ă“ ÉÞi>Ă€ UĂŠ Ă?ViÂ?Â?iÂ˜ĂŒĂŠĂ•ÂŤĂƒÂˆ`iĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠĂ‰ĂŠÂ˜ÂˆVÂ…iĂŠÂˆÂ˜`Ă•ĂƒĂŒĂ€ĂžĂŠ NEW!! CURVES FITNESS CENTER $39K UĂŠ Ă€i>ĂŒiÀÊ6>˜VÂœĂ•Ă›iÀÊ>Ă€i>ÊÉÊ ĂƒĂŒ°ĂŠ£äĂŠĂži>Ă€ĂƒĂŠ UĂŠ LĂƒiÂ˜ĂŒiiĂŠÂœĂœÂ˜iÀÊÉÊ iĂŒĂŠfĂŽx ĂŠĂŒÂœĂŠÂœĂœÂ˜iĂ€ĂŠÂœÂŤiĂ€>ĂŒÂœĂ€ UĂŠ œœ`ĂŠĂ•ÂŤĂƒÂˆ`iĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠ NEW!! MEDITERRANEAN PITA/PIZZA $69K UĂŠ ĂƒĂŒ°ĂŠĂŽĂŠĂži>Ă€ĂƒĂŠĂ‰ĂŠ iĂœĂŠ7iĂƒĂŒĂŠĂ‰ĂŠ}œœ`ĂŠiĂ?ÂŤÂœĂƒĂ•Ă€iĂŠ UĂŠ ÂľĂ•Âˆ°ĂŠEĂŠ Â“ÂŤĂ€ÂœĂ›i“iÂ˜ĂŒĂƒĂŠÂ‡ĂŠÂœĂ›iÀÊfÂŁĂ“x UĂŠ ii`ĂƒĂŠÂ˜iĂœĂŠĂ›iÂ˜Ă•iĂŠi°}°ĂŠ Ă€iiÂŽĂŠi>ĂŒiĂ€ĂžĂ‰ĂŒ>ÂŽiÂ‡ÂœĂ•ĂŒ UĂŠ ÂˆÂľĂ•ÂœĂ€ĂŠ ˆVi˜ViÊÉÊ Âœ>`ĂƒĂŠÂœvĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â? NEW!! WOMAN’S LINGERIE SHOP $25K UĂŠ ĂƒĂŒ>LÂ?ÂˆĂƒÂ…i`ĂŠÂŁnĂŠĂžĂ€Ăƒ]ĂŠ£äĂŠĂžĂ€ĂƒĂŠÂˆÂ˜ĂŠĂŒÂ…iĂŠĂƒ>“iĂŠÂ?ÂœV>ĂŒÂˆÂœÂ˜ UĂŠ Ă?ViÂ?Â?iÂ˜ĂŒĂŠĂƒĂŒĂ€iiĂŒĂŠĂ›ÂˆĂƒÂˆLˆÂ?ÂˆĂŒĂžĂŠĂ‰ĂŠĂŠ ÂœĂŠ-ĂŒ>vv UĂŠ Ă›iĂ€>}iĂŠÂˆÂ˜Vœ“iĂŠĂŒÂœĂŠÂœĂœÂ˜iÀÊfĂŽxĂŠĂŒÂœĂŠf{ä UĂŠ Â˜Ă›iÂ˜ĂŒÂœĂ€ĂžĂŠÂ˜ÂœĂŒĂŠÂˆÂ˜VÂ?Ă•`i`ĂŠq>ÂŤÂŤĂ€ÂœĂ?°ĂŠfĂŽä

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

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

VOJRVF QSPQFSUZ

Do you have a

Advertise your listings in our special )05 1301&35*&4 feature. Reach potential buyers with money to spend. Western Investor readers have higher than average household income and a real interest in real estate.

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

Ăˆä{Â‡ĂˆĂˆÂ™Â‡nxääĂŠUÊ£‡nääÂ‡ĂˆĂˆÂŁÂ‡ĂˆÂ™nn advertise@westerninvestor.com

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

Sea to Sky/Sunshine Coast Region A21 POWELL RIVER PROPERTY

SQUAMISH $199K

ATTENTION DEVELOPERS & BUILDERS £äĂŠ>VĂ€iĂŠ"Vi>Â˜ĂŠĂ›ÂˆiĂœĂŠ-Ă•L`ÂˆĂ›ÂˆĂƒÂˆÂœÂ˜ $1,040,000ʇÊ7iĂƒĂŒĂ›ÂˆiĂœĂŠ Ă›i

$1.19 Mil

24 HR INFO CALL 1.800.848.1615ĂŠiĂ?ĂŒ°ĂŠ1198

Retail/OfďŹ ce Strata 872 sf with retail ďŹ nishing I-1 Revenue Property 0.55 Acre, tenants

Fernie, BC - ProďŹ table 36-Unit Motel

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

$699k

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

MAKE MORE DEALS

Mixed Use Building Downtown

Spring 2011

$67K Potential net income $869K

UĂŠ9i>Ă€ĂŠĂ€ÂœĂ•Â˜`ĂŠĂŒÂœĂ•Ă€ÂˆĂƒÂ“ĂŠ UĂŠ7ÂœĂ€Â?`ĂŠVÂ?>ĂƒĂƒĂŠĂƒÂŽÂˆÂˆÂ˜} UĂŠ ˜`ÂœÂœĂ€ĂŠ*œœÂ?]ĂŠ->Ă•Â˜>ĂŠEĂŠ ÂœĂŒĂŠĂŒĂ•L UĂŠ7iÂ?Â?ʓ>ÂˆÂ˜ĂŒ>ˆ˜i`ĂŠ-Ă•LĂœ>ĂžĂ ĂŠÂœÂ˜ĂŠĂƒÂˆĂŒiĂŠ *Â?Ă•ĂƒĂŠĂŽÂ‡L`À“Ê“>˜>}iĂ€ĂŠÂ…ÂœÂ“iĂŠ>ĂŒĂŒ>VÂ…i`

$1,490,000 - Highway 3 24 HOUR INFO CALL 1-800-848-1615 iĂ?ĂŒ° 1487

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

RE/MAX Sea to Sky Real Estate Squamish

Neil Frost 1.604.483.6345

RIVERFRONT ESTATE LOTS SQUAMISH, BC (BRACKENDALE)

Market your listings in the Western Investor. Thousands of private investors and real estate professionals use the Western Investor to help guide their investment dollars into profitable businesses.

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

DONE DEALS

DECEMBER AD DEADLINE: NOVEMBER 14TH

editorial feature will highlight deal ow in Western Canada.

Report: Residential outlook 2012 Ski resort real estate Immigrant investors and real estate Franchise News Recreational Properties Regional Roundups: BC: Chilliwack AB: Lethbridge SK: North Battleford Spotlight: Carberry, MB

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5%

CA

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OCEANFRONT CONDO RECEIVERSHIP SQUAMISH, BC

PRICES DISCOUNTED OVER 30%

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DBMM UPMM GSFF $PNNFSDJBM 3FBM &TUBUF 'SBODIJTFT #VTJOFTT 0QQPSUVOJUJFT

DONE DEALS

2 Bed + Den Condos from:

$239,000

Ocean view 2 Bed Condos from:

$319,000

3 Bed Carriage Homes from

$335,000

Please send us the following information: UĂŠ UĂŠ UĂŠ UĂŠ

7Â…>ĂŒĂŠĂœ>ĂƒĂŠĂƒÂœÂ?`ĂŠÂœĂ€ĂŠÂ?i>Ăƒi`œÊ 7Â…ÂœĂŠĂœ>ĂƒĂŠĂŒÂ…iĂŠĂ›i˜`ÂœĂ€ĂŠ­ÂˆvĂŠÂŤÂœĂƒĂƒÂˆLÂ?iŽœÊ 7Â…ÂœĂŠĂœ>ĂƒĂŠĂŒÂ…iĂŠLĂ•ĂžiĂ€Ă‰ĂŒi˜>Â˜ĂŒÂśĂŠ vĂŠĂŒÂ…iĂŠÂ˜>“iĂŠÂœvĂŠĂŒÂ…iĂŠLĂ•ĂžiĂ€ĂŠÂˆĂƒĂŠVœ˜wʇ `iÂ˜ĂŒÂˆ>Â?]ĂŠÂŤÂ?i>ĂƒiĂŠĂŒiÂ?Â?ĂŠĂœÂ…>ĂŒĂŠĂŒĂžÂŤiĂŠÂœvĂŠLĂ•ĂžiÀÊ ­Âˆ°i°]ĂŠ, /]ĂŠÂˆÂ˜ĂƒĂŒÂˆĂŒĂ•ĂŒÂˆÂœÂ˜>Â?]ĂŠÂ?ÂœV>Â?ĂŠÂˆÂ˜Ă›iĂƒĂŒÂœĂ€]ĂŠ vÂœĂ€iˆ}Â˜ĂŠÂˆÂ˜Ă›iĂƒĂŒÂœĂ€]ĂŠÂœĂœÂ˜iÀÉLĂ•ÂˆÂ?`iÀŽÊ UĂŠ 7Â…ÂœĂŠĂœ>ĂƒĂŠĂŒÂ…iĂŠÂ?ÂˆĂƒĂŒÂˆÂ˜}ĂŠ>}iÂ˜ĂŒĂ‰>}i˜VޜÊ UĂŠ 7Â…>ĂŒĂŠĂœ>ĂƒĂŠĂŒÂ…iĂŠĂƒiÂ?Â?ˆ˜}ĂŠÂŤĂ€ÂˆViÂś

Please forward this information directly to Frank O’Brien, Western Investor Editor at wieditor@biv.com.

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

www.coastalvillageliving.com

FRANK O'BRIEN Editor

For more information contact Darren McCartney: Sea to Sky Real Estate Squamish

604.892.4875

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

A22 Vancouver Island V ICTORIA Ocean Waterfront 101 acres $3,300,000 not in the ALR Located in Langford – the fastest growing area! Full details on

www.brokersales.ca

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

SELL

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

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

Click on featured properties

VIC SMITH MUNJ DUSANJ

1-250-479-3333

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

1-800-661-6988

Choose a Commercial Real Estate

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

Specialist

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

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

Darwin Mahlum Robert Borden

250.760.1066

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

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

Information brochure available.

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

marketing your franchise? Call Christine at the

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

1-800-661-6988 • (604) 608-5110 • ccampbell@biv.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 MIDRISE DEVELOPMENT SITE Located in the Downtown core. Nanaimo: Commercial or condo site $269,000

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

142 ACRE DEV. SITE Nanaimo $5.8 M 2 ACRE COUNTRY LOT ZONED FOR 2 HOUSES Allows for Bed & Breakfast, dog kennels, country market. $389,000 DUPLEX LOT $129,000

4 PLEX LOT $199,000

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

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

DEPT BAY BEACH FRONT HOME This smaller 2 bedroom home awaits your ideas. Great year round or vacation home, swimming & beach combing right out off your front veranda. $649,000 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 NEW EXCECUTIVE CONDO ON THE WATER with swimming pool & boat deck. Boat moorage included. Seller will finance with 10% down & look at trades $425,000 PACIFICA OCEAN FRONT CONDOS 38 Front Street Units for sale. Walk-on waterfront townhome $509,000 no HST. Call Dale for other available units. WATERFRONT TOWNHOME 1740 SF 3 bedrooms, roof top patio. $599,000

DALE SHORTT Bus: (250) 758-3700 U

INCOME PRODUCING + REVENUE PROPERTIES JUST LISTED 21 UNIT TOWNHOMES REVENUE PROPERTY ON THE GOLF COURSE. 2 & 3 bedroom units, private patios. Monthly income: over $20,000, assumable mortgage. Ideal property to hold or stratify. Asking $2,875,000 NANAIMO DUPLEX 3 bedrooms per side, 2 separate titles. Excellent income. $424,900 5 RENTAL HOMES – All together 5 sep. adj. lots. Starting at $234,900 or all for $1,150,000. Seller will finance. 71 UNIT APARTMENT BLOCK 4 separate buildings. New Renos. Over $500,000 spent. North Island location. Over $27,000 monthly income. Management in Place. $2,890,000 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

Vancouver Island A23

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

#SJUJTI $PMVNCJB

It costs about the same to ship lumber from B.C. to China as to most U.S. markets, and Ketchum said improved port and rail services in China could open the country’s expansive interior to more B.C. softwood by next year. “That is a market we’re not reaching yet,� he said.

B.C. wood valued low in China Victoria weak A for hotels recent Business Council of British Columbia conference on Asian opportunities revealed that, while exports of B.C. softwood to Asia are soaring, the wood is often seen as low value in the China market. Hank Ketchum, president and CEO of West Fraser Timber Co. Ltd., told conference delegates that West Fraser shipments of B.C. timber to China were up 100 per cent in the past five years – from near zero – while exports to the U.S. had fallen 40 per cent the same period. Today, he said more than onethird of West Fraser’s lumber and plywood production was being shipped to China. In the first five months of this year, total B.C. softwood exports to Asia – $776 million – surpassed those to the United States – $661 million – for the first time. “The emergence of the Chinese market has saved roughly 6,000 British Columbia jobs,� Ketchum said. But it could be so much more, he added. China is building 12 to 14 million homes per year, but only about 20,000 of these are made out of wood, or about the same number of annual housing starts in British Columbia. “The Chinese build out of concrete and steel, not wood� Ketchum said. “Our lumber is currently used for low-value applications, like concrete forming, not home building.� Ketchum said B.C. has had some good luck combined with hard work in increasing Asian lumber exports. Part of the luck was the hefty 25 per cent export tax that Russia has slapped on its lumber shipments to China, and the fact that B.C. has a huge surplus of softwood due to the collapse of the U.S. housing market. The hard work is seen in B.C. government investments in promoting B.C. lumber to architects and builders in China, led by a 60-person trade office in Beijing. “We have to move up the value chain,� Ketchum said.

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C Place stadium in downtown Vancouver, which recently re-opened after a $563 million retrofit, could prove the catalyst for downtown redevelopment. A site adjacent to the stadium was earmarked for a giant new Paragon casino project, but that has apparently been shelved after New roof now covers BC Place stadium. public complaints. Vancouver City Council had approved the movement of Paragon’s existing Edgewa ter Casino to the stadium site, but rejected expansion plans for up to 1,500 slot machines and 150 gaming tables. The city also placed a moratorium on the expansion of gaming in the city. Still, Paragon could proceed with a smaller casino. Meanwhile, Vancouver-based Aquilini Investment Group has unveiled plans for up to three mixed-use office-retail-residential towers, including a 22-storey, 236,000-square-foot office building, close to the stadium. Aquilini has also proposed a new $22 million community centre and ice rink near the stadium and Rogers Arena. A study from Avison Young commercial realtors, however, shows the Aquilini office tower proposal could face fierce competition by the time it completes in 2014. The study notes that Oxford Properties will finish 270,000 square feet in a new building on West Hastings by 2014, and that a further 130,000 square feet of new office space has already been completed downtown this year. In the planning stages is a 365,000-square-foot officetower by Bentall Kennedy on Thurlow Street, and two other office towers totalling 700,000 square feet on Burrard Street and Richards Street in the downtown area, all of which could come on stream within four to five years. “Developers are grappling with whether or not to proceed on a speculative basis,� Avison Young concluded.

survey of registrants to the Western Canadian Hotel & Resort Investment Conference, held October 12 and 13 in Vancouver, revealed that Victoria is seen as being the weakest hotel market among major Western Canadian cities. Vancouver and Calgary are seen as competitors for top honours as the best market for hotel owners, according to the survey. In the areas of property investment, the same group has a number of interesting opinions, including some that relate to the removal of the HST. The feeling is that it will take 18 months or more for the tax to be repealed. In the meantime, it will be difficult to convince buyers to step forward to pay a higher tax than the one that will eventually be in place. In the resort market, there appears to be a sentiment that granite countertops, stainlesssteel appliances and media rooms are out of the reach of many recreational real estate purchasers. This year and next, the focus will be on more practical amenities that focus on the use of recreational real estate, as opposed to equipment rentals, $102 million; construction the investment potential, according to survey camps and catering, $94 million; clearing, logrespondents. ging, salvaging, $61 million; fuel, $42 million; stockpiling pipe, $15 million; equipment parts, $20 million; surveying, $7 million; access roads, $23 million; trucking, $18 million; and other items and services, $18 million. Also, construction employment for the 440-kilometre section passing through this nbridge says $400 million on goods and area would add up to 5,160 person years with 3,675 person years for regional residents. services during the construction phase Direct construction employment would add up would be spent in the central B.C. region to 1,805 person years with 500 person years – from Prince George to Smithers – if the for regional residents. Northern Gateway Pipeline goes ahead. Peak pipeline construction will require Here’s a look at how that breaks down:

Pipeline would spin $400M

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Photo: Larry O’Brien

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1,322 people, and at least 15 per cent of those jobs would be for aboriginal people. Cost of construction for this stretch is estimated at $2.2 billion. Community hearings by the federal joint panel review of the proposal are scheduled to begin January 10, 2012, and last until June 26, 2012, and a decision on whether to let the project go ahead is expected in the fourth quarter of 2012. Pending approval, detailed engineering would begin at that time while construction would take two-and-a-half-to-three years, so that that pipeline begins operating in 2017.◆ – Prince George Citizen

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www.westerninvestor.com

1-800-661-6988

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VANCOUVER ISLAND Comox Valley

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Rob Samsom

AACI CCIM FRI PERSONAL REAL ESTATE CORPORATION

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

RE/MAX Ocean Pacific Realty

A24 Vancouver Island

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

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

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

Contact Dale Schuss

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

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

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

www.randallnorth.ca

Each office is independently owned and operated.

JERRY RACZKOWSKI

ROB REGAN

780-932-2121 jrcoach@telus.net

780-490-9324 ar_ar@shaw.ca

RE/MAX REAL ESTATE

10510 121 St., T5N 1L4 Edmonton, AB

www.AlbertaInvestorGroup.com Beijing, Chinghai, Tianjin, China Investments Real Estate Shows UÊÊ Ã > *>V wÊVÊ >ÀÊ > ÀiÃÊ ÜÊÃiV `Ê >À}iÃÌÊ ÊÌ iÊÜ À `Ê>ÀiÊ }ÊÌ Ê ÛiÃÌÊ>LÀ >`t UÊÊ7iÊ>ÀiÊ }Êv ÀʵÕ> ÌÞÊ

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

ÛiÃÌ i ÌÊ«À iVÌÃÊÌ Ê«ÀiÃi ÌÊ Ê >É Ã >Ê> `Ê > >` > Ê ÛiÃÌ ÀÃÊÌ Ê ÛiÃÌÊ ÊLÕ Ã Ê

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GUY BEZEAU Licensed Realtor CCIM Designee

GAYLE JORDAN Licensed Realtor

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

à > `V iÀV > Jà >Ü°V>ÊUÊÓxä°Ó{x°ÎÇääÊ"vwÊVi ESQUIRES COFFEE—310-370 TRANS CANADA HIGHWAY, LADYSMITH, BC Turnkey operation, great visual exposure, ample parking, highway access—$19,900 LAND AND BUILDING—120 ROBERTS ST, LADYSMITH, BC C2 zoned, high profile, downtown location, outside deck, currently a restaurant—$329,000 BUSINESS OPPORTUNITY—734 TRANS CANADA HIGHWAY, LADYSMITH, BC Good lease, 70 seat capacity, established business, newer equipment—$99,900 PRIME COMMERCIAL LAND—1130 ROCKY CREEK RD, LADYSMITH, BC Zoned CD1, 2 acres, high visibility corner on TCH, variety of uses—$1,390,000 DEVELOPMENT LAND—DL 51 OYSTER STO LO RD, LADYSMITH, BC PLA has been applied for 110 + / - acres, approved for 147 + / - manufactured home lots—$5,000,000 BUILDING AND LAND—12 + 16 ROBERTS ST, LADYSMITH, BC Great downtown location, Zoned C2, 2 titles—$299,700 TWO COMMERCIAL LOTS—9666 CHEMAINUS RD, CHEMAINUS BC 2 separate lots, .34 acres, plans for 15 res. Units and 5 retail units awaiting final approval —$424,700 SALTAIR MINI WAREHOUSE—10862 CHEMAINUS RD, SALTAIR, BC 3.63 acres, C2 Zoning, Established Storage Business, Additional Land, Great Location —$1,329,000 UTOPIA BAKERY CAFÉ—9780A WILLOW ST, CHEMAINUS BC Gourmet European Bakery, High Traffic downtown area, Outside deck area—$239,700 RETAIL AND RESIDENTIAL—9736 CHEMAINUS RD, CHEMAINUS, BC 2 suites up, 2 retail units down, great central location—$243,900

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

ROYAL CLEANERS—320 FESTUBERT ST, DUNCAN, BC Established dry-cleaning business, high visibility, downtown location, Ample Parking—$239,700 DEVEOPMENT LOT—9749 ELM ST, CHEMAINUS BC C2 Zoning, Allows condo and retail, 3.18 acres, Overlooks Chemainus Harbour—$997,000

Attention

☞

Agents:

REACH QUALIFIED BUYERS FOR YOUR LISTINGS

PRIME DEVELOPMENT LAND—7364 TRANS CANADA HWY, DUNCAN, BC C3 Zoning, Great HWY exposure and access, high traffic location—$797,000 COMMERCIAL LOT—1180 MAUGHAN RD, DUKE POINT, BC Located in Duke Point Industrial Park, 1.64 acres of level cleared land, corner site—$337,000

☞

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

THE LANTZVILLE PUB—7197 LANTZVILLE RD, LANTZVILLE, BC Great Location, Turnkey operation, great visual exposure, ample parking, highway access —$1,870,000 FOR LEASE—5-8377 CHEMAINUS RD, CHEMAINUS BC Great location, C2 zoning, high visibility corner, variety of uses—$1000.00 PER MONTH DEVELOPMENT PROPERTY—RIVER RD, CHEMAINUS, BC R6 Zoning, 6.99 acres, 3 titles, Up to 28 Units—$947,000 BALD EAGLE CAMPGROUND—8705 CHEMAINUS RD, CHEMAINUS, BC Busy River Front Campground, year round sites, Laundry facilities, full service to many sites —$1,497,000

Each office is independently owned and operated.

Vancouver Island A25

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

Business Is Better On Vancouver Island For Sale 2.05 Acre Prime Development Site - North Nanaimo

$2,900,000

On Old Island Highway adjacent to Long Lake.

2.98 Acre Re-Development Site - Central Nanaimo

$2,695,000

FOR SALE STRIP MALL

8.5% Cap Rate FOR SALE

Strip mall approx. size 8,900 sq. ft. Leases in place with Field’s Store as anchor for the last 20 yrs.

33 x 3 bedroom town houses with 2 separate titles Many upgrades Great locations

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

3.79 Acre Light Industrial Land - South Nanaimo

$1,395,000

Suitable for single or multiple users/uses and subdividable.

Fully Tenanted Investment Property - Ladysmith

$ 945,000

Commercial Development Property - Nanaimo

$ 795,000

1.2 acres with CC-1 Zoning beside Nanaimo Parkway.

$2,200,000

List price $595,000 Email:

For further information:

conexc@cablerocket.com

Lakefront Pub & Land - Lake Cowichan

whitecapltd@hotmail.com

$ 674,000

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

New Office and Commercial Building - Central Nanaimo

$ 649,000

26"-*$6. #&"$)

1 space left in new building on Terminal Avenue, approx 2,075 sq ft.

Commercial Property - Alberni Highway

$ 590,000

B U S I N E S S O P P O RT U N I T Y

1.11 acres with exceptional highway frontage.

Residential Development Property - Nanaimo

$ 549,000

4.88 acres near the Nanaimo Parkway.

3.46 Acre Light Industrial Property - South Nanaimo

$ 549,000

Court Ordered Sale - Waterfront Restaurant, Land, Building

$ 470,000

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

Commercial Land & Building - Campbell River

$ 450,000

Commercial Property Zoned COR-3 - Nanaimo

$ 325,000

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

Character Office Building - Nanaimo

$ 289,000 $ 289,000

Commercial Property Zoned COR-3 - Nanaimo

$ 260,000

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

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

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

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

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

Unique Commercial Offering - Downtown Nanaimo

$ 1,375,000

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

Saratoga Beach Golf Course - Black Creek

$ 1,595,000

37.47 acre redevelopment property with executive style golf course.

Seniors Care Facility - Ladysmith

$ 1,700,000

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

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

www.ianmackay.ca

1-888-954-4433

FOR SALE CONSTRUCTION BUSINESS Gravel pit 7 km to deep sea dock U Loaders U Excavator U Dump Truck U Screening Plant U Jaw Crusher 10” x 36” U

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

Neil Woodrow

250-338-3349

COMOX VALLEY

EMAIL neilwoodrow@shaw.ca

www.woodrowgroup.com

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

Ian Mackay & Aaron Nicklen

EXCELLENT INCOME and PROFIT NUMBERS

$ 239,000

Approx. 1,315 sq ft unit new and unused for your business.

Featured Listings

$1,995,000

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

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

Light Industrial Strata Unit - Nanaimo

UÊ7>ÌiÀvÀ ÌÊ Ìi ]ÊÜ> ÊLi>V UÊ-Ìi>`ÞÊ V iÊÜ Ì Ê}À ÜÌ Ê« Ìi Ì > UÊ"Ü iÀ½ÃÊÃÕ ÌiÊÜ Ì ÊnÊ}ÕiÃÌÊÃÕ Ìià UÊ i>V vÀ ÌÊ`iV ÃÊEÊ«>Ì Ã

OBTAIN A PRIME BUSINESS

950 sq ft, high traffic area. Corner lot, 4,050 sq ft, zoned DT-12.

Hangar Building and Office - Campbell River Regional Airport

3285 Island Hwy W.

RESTAURANT

Email: conexc@cablerocket.com

WOW! What a location! What a lifestyle!

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

Comox

HEY! Vancouver Island Retailers

Business Opportunities SEWING & QUILTING RETAIL BUSINESS—Nanaimo

$ 180,000

FRANCHISED FAMILY RESTAURANT—Ladysmith

$ 189,000

AWARD-WINNING KITCHEN & BATH BUSINESS—Sidney

$ 214,000

ESTABLISHED PLUMBING & HEATING BUSINESS—Nanaimo

$ 225,000

ESTABLISHED RESTAURANT—Tofino

$ 249,000

RESTAURANT ON ISLAND HIGHWAY—Parksville

$ 299,000

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

$ 419,900

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

$ 550,000

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

$ 595,000

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

$ 775,000

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

$1,095,000

LIQUOR STORE IN LEASED PREMISES—South Vancouver Island

$1,500,000

PUB & LIQUOR STORE—Coombs

$1,900,000

FRANCHISED MOVING & STORAGE CO.—Central Vancouver Island

$2,550,000

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

$3,900,000

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

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

BE READY TO OPEN Early 2012

Gerry Van Vaals Personal Real Estate Corporation

www.dtznanaimo.com

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

Hardware and Niche Shops (like Sidney BC)

CHECK US OUT www.strongbridge.ca Go to projects/comm/comox

Tel: 1 800 769 5757

Courtenay

Call

BRENT J @ 604.230.6290 Strongbridge Real Estate Corp

A26 Vancouver Island

JUDY GRAY, CCIM 1.800.600.1718

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

ED HANDJA PERSONAL REAL ESTATE CORP.

www.bcoceanfront.com

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

TWO PRIME LOCATIONS WITH HUGE POTENTIAL AS CAREHOME OR CONDO SITES

ED

REDUC

$1,250,000

LANGFORD

EBB TIDE B & B .5 acre, 3 bdrm, well established B & B with separate owners living areas. All rooms with private entrances and ocean views. Separate shop/garage. www.ebbtidespringcove.com

,/Ê 9Ê" 6 7Ê Ó°ÎxÊ>VÀiÃÊ ÊÓÊ/ Ì iÃt Well maintained resort style accommodations with good revenue & consistent clientele: 12 renovated free-standing ocean view cabins, from ÎääqÈ{äõvÌ & separate managers’ lodgings, minutes from the amenities of town & incredible adventure. ` >Vi ÌÊÌ Ê> Ê> ÀÃÌÀ « – fl y your clients with style! / iÊ ÞÊ} }ÊV ViÀ Ê vÊ ÌÃÊ `Ê ÊÌ ÃÊ>Ài>t $1,075,000

CONDO SITE APPROVED FOR UP TO 188 UNITS

WINTER HARBOUR MARINA & RV RESORT Diverse commercial resort operation & premiere 7iÃÌÊ >ÃÌÊ6> V ÕÛiÀÊ Ã > ` fi shing destination: ÎÊ >` >Vi ÌÊ Vi> vÀ ÌÊ «À «iÀÌ ià with boat launch, 20RV sites, large foreshore lease, substantial standing pier & dock, guest accommodations, fi sh processing facilities & 2bedroom cabin. A business with steady growth well suited as a group purchase for outdoor enthusiasts. $699,000

EXCELLENT LOCATION LOCATED NEXT TO COSTCO, FOUR POINTS SHERATON, HOME OUTFITTERS AND OTHER HIGH PROFILE RETAILERS 2.34 ACRES OF INCREDIBLE POTENTIAL $4,399,000

RICE

NEW P

$1,075,000

COMOX EXCELLENT SITE FOR CAREHOME OR CONDO DEVELOPMENT $3,000,000

A HARBOUR HOUSE B & B 2 acres, rural waterfront 3 bdrm, 3 bath B & B with private entrances on Ucluelet Harbour. Owners living is a 2 storey 3 bdrm + den lovely home. Separate suite over garage. www.aharbourhouse.ca

www.judygray.com

ALDER BAY RESORT An established & profi table ÀÌ Ê6> V ÕÛiÀÊ Ã > ` resort business situated on ÎäÊ iÛi Ê Vi> vÀ ÌÊ >VÀiÃ. A unique `iÛi « i ÌÊ «À «iÀÌÞ zoned to allow for multiple applications includingÊ Àià ÀÌÊ Àià `i Ì > Ê ÃÕL` Û Ã , tourism, recreational vehicles, camp-sites, construction of vacation cottages, commercial services & >À >ÊÀiÃÌ>ÕÀ> ÌÊ EÊv Àià ÀiÊ`iÛi « i Ì. $2,675,000

MINSTREL ISLAND RESORT £nÊ Vi> vÀ ÌÊ >VÀià in {Ê Ãi«>À>ÌiÊ Ì Ì ià with extensive shoreline & a variety of improvements including a ÃÕLÃÌ> Ì > Ê} ÛiÀ i ÌÊ` V fronting the property with an abundance of moorage options. The property is in the process of being subdivided & the opportunity exits to acquire the property prior to completion & realize the monetary benefi ts. An ideal resort development. $499,000

CENTRALLY LOCATED AND ADJACENT TO MAJOR BRANDS SUCH AS: SHOPPERS DRUG MART, SUBWAY, A&W Please visit our website or call for more details.

monarkinvestments.ca

604-592-7250

Financing Available. Potential Trades.

VANCOUVER ISLAND COMMERCIAL www.nanaimoremaxcommercial.com

1-877-335-4380

Jay Cousins Realty

FOR SALE

Jay Cousins jay@jaycousins.com

INVESTMENT OPPORTUNITIES

UÊ 1 / 9Ê 6 "* /Ê - / - approved for 16 UÊ "7 /"7 Ê "Ê" Ê 1 Ê3 Storey Office units. No DCC’s, close to downtown Nanaimo with some ocean building 4,865 Sq. Ft. Main floor tenanted with upper 2 floors views. Development permit in place, vendor financing available ready for new renovations. 9 Parking stalls included.Ê Êf{Ó ]äää or joint venture possibilities.ÊÊ fÎÓä]äää UÊ nÊ1 /Ê 1 / , - / Ê*,"* ,/9ÊOld City Nanaimo UÊÊ ," /" ]Ê, - / Ê 6 "* /Ê- / - A 5.68 100 Yr Old well maintained character building, new decks, new acre development site with an excellent ocean view and a short appliances, bonus lot at rear shows potential for additional 4 plex walk to the waterfront. The site is gently sloping towards the development f{Ç ] ää ocean with a variety of benches for easy development. Vendor UÊ £°{Ê , Ê*,"* ,/9Ê<" Ê 69Ê 1-/, Fully financing may be available with a reasonable down payment. fenced, 2 entrances, over 300’ of frontage in Duke Point, Nanaimo. fÈ{ ]äää Includes 10’ X 30’ office mobile. Seller will entertain lease @ UÊÊÊ /, Ê " – Almost 2 acres of land fronting on $2,800 per month plus taxes. f{ n]äää the Millstone River, and next to the Pryde Vista golf course. UÊ 7 Ê "7 Ê *",/Ê , Ê , Ê 1 Ê Located next to a new high quality subdivision on a no thru qÊ Currently used as offices & union hall, approx. 6,990 sq. ft. street. Zoning allows for a single family unit with a suite. New over 3 floors. P1 zoning allows public assembly, but could be on the market with full city services at fÓää]äää commercially rezoned. f x]äää UÊ 1 / 9Ê , / Ê 1 /-ÊqÊ Central Nanaimo. UÊ /Ê 1-/, Ê <" Ê " * 8Ê qÊ - Ê Beautifully constructed half duplexes and single family homes. Great revenue opportunity potential to generate $164,000 annu3 bed, 3 ½ bath, from 1760 sq. ft. to 1890 sq.ft. Included: ally. Island Highway exposure, easy access, 6 buildings in total, all tile and hardwood flooring, custom alder cabinetry, granite on 2.88 acres. Rental rates with vacancies filled will show nearly countertops, 6 appliances. All bedrooms have a private ensuite. 8% CAP rate.Ê Ê f£]n x]äää , 1 ÊfÎÓ ] ää fÎ{ ] ääÊ« ÕÃÊ iÌÊ -/ U 1 / / / Ê 69Ê 1-/, Ê*,"* ,/9Ê UÊ 6 / Ê , n Ê Ê Approximately - / Ê q 0.8 acres over– Parksville area. 6.2 Acres partially developed with new warelooking the Millstone River with easy access to downtown houses, new 4 unit multi-res work/live space, new office building Nanaimo. Great central location for a multifamily development, plus existing build to suit tenant in place on 1 acre portion w/ located within walking distance to Downtown Nanaimo, the paved & security fenced area. Further 2.5 acres left to continue New Convention Centre, and seaplane service to Vancouver. development plan. Potential income under current configuration fÈnä]äää in excess of $164,000 annually. REDUCEDÊf£] xä]äää

FRANK JOHNSON

JAY COUSINS

of Nanaimo

Frank Johnson frank@remaxofnanaimo.com

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

JAY COUSINS

www.nanaimoremaxcommercial.com

1-877-423-0984

INVESTMENT OPPORTUNITIES UÊ -/, / Ê1 /Ê Ê 1-/, Ê* , ÊqÊ " Approx. 1,300 Sq. Ft. Light Industrial, 2 overhead doors, 2 man doors, office, 18’ ceilings, Strata Fee is $56.50 per month. fÓx ]äää UÊ

1 "1 Ê 1-/, Ê* , ÊqÊ-/, / Ê1 /ÊApprox. 1,400 Sq. Ft., 2 offices plus mezzanine, 1 overhead door, 2 man doors, 18’ Ceiling height, Strata Fee $62.00/mo. fÓÈ ]äää UÊ /7"Ê 6 Ê -/, / Ê 1 /Ê qÊ * , -6 Ê Service Commercial zoning. Main level warehouse with 6 offices, staff kitchen & washroom upstairs. Full A/C on 2nd level as well. Owner is willing to lease back. fÎÓx]äää U " Ê /9Ê+1 ,/ ,Ê*, Ê " / " Over 3500 sq.ft. of DT2 Commercial space on 3 levels. Complete renovations in 1992 including thermo windows, 5/8 firestop between floors, sprinkler system, separate hydro etc. Suite on top floor has ocean views, a nicely updated property & wonderful character investment in a thriving downtown community fÎ ]äää UÊ , Ê7 / Ê 1 Ê " Ê High visibility Mid-Island location, concrete engineered docks, steel pilings, security gate with ramps, direct metered 50 amp hydro capacity. Quality look and feel, no vacancies, excellent cash flow f£]Ç x]äää UÊÎÊ* , Ê 6 "* /Ê*"/ / Ê" Ê* , -6 É , Ê 7 9Ê Approx.Ê79 Acres, corner location. Mining permit in place for pit run, crushing, screening & washing gravel. Owner has been careful to maintain character of the land. Currently zoned rural residential, but highest & best use would indicate development rezone. fx] ää]äää

BUSINESSES U Good Old Book Exchange – Nanaimo f {]äääÊ V Õ`iÃÊ Û U Eclectic Retail Store – Qualicum BeachÊy fÓÓ ]äää UÊRicky’s All Day Grill – Courtenay fÓ ]äää

JAY COUSINS

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

A27

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

From: Frontline Real Estate Services , Surrey, B.C. Frontline agents Jordan MacDonald and Todd Bohmn sold the following: Deal: 58,850-square-foot automotive building and land, 72nd Avenue, Surrey. Price: $5.75 million. From: Re/Max Kelowna Westside , Kelowna, B.C. Re/Max agent Tim Down listed and sold the following: Deal: 26.4 acres of agricultural land near Orchard Park Shopping Centre, Kelowna. This project was sold by court order. Price: $2.3 million.

From: Partners Real Estate Investment Trust, Victoria, announces the following purchase: Deal: Partners REIT has purchased the five- Evergreen Shopping Centre, Sooke, B.C., building, Shoppers Drug Mart-anchored, sold for $15.8 million. 88,000-square-foot Evergreen Shopping Centre in Sooke, B.C., which is 96 per cent leased. Price: $15.8 million.

Photo: Frontline Real Estate Services

From: Shindico Realty Inc. , Winnipeg. Shindico agent Sandy Shindleman sold the following: Deal: 69,000-square-foot office building on Sherbrooke Street, Winnipeg. Sold to a local investor. Price: $7.07 million.

From: Royal Host Inc., Toronto. Royal announces the following sale: Deal: Royal Host has sold its 91-room Thriftlodge Hotel in Lethbridge, Alberta, to an undisclosed buyer. Price (estimated but not confirmed): $1.8 million. Recently completed a major commercial real estate deal? Send details for a free report Thriftlodge Hotel, Lethbridge, 91 rooms, here to: wieditor@biv.com. sold for (estimated) $1.8 million.

58,000-square-foot industrial parcel sold in Surrey for $5.75 million.

Photo:Shindico Realty

%

From: Metro Vancouver Properties, Vancouver. Metro has announced the following purchase: Deal: Metro Vancouver has bought 22 industrial and commercial properties in Metro Vancouver and Whistler from MPW Properties Partnership/Madison Pacific Properties Inc. Price: $93.21 million.

Photo: Shoppers Drug Mart

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

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

Photo: Thriftlodge

%0/& %&"-4

69,000-square-foot office building, Winnipeg, sold for $7.07 million.

7BODPVWFS *TMBOE

Meet the neighbours, island style.

PRATT ROAD ACREAGES COOMBS, VANCOUVER ISLAND

FORBIDDEN PLATEAU COMOX VALLEY, VANCOUVER ISLAND

23- 38 ACRE LOTS FROM $339,000 AND UP

50 ACRE LOTS FROM $299,000 AND UP

In an area of lush pastures and just a short distance away from sandy beaches, Pratt Road Acreages offer the best of rural and seaside life surrounded by some of the most charming towns Vancouver Island has to offer.

With a range of acreages including pristine riverfront to stunning view properties overlooking Comox Harbour and the West Coast Mountains, Forbidden Plateau is the perfect location to own your very own piece of Vancouver Island.

Don’t miss out on this limited opportunity to experience the best in island life by acquiring a pristine acreage in either of these two exclusive locations. Call

1.877.239.4811 or visit couverdon.com today.

Courtenay

Vancouver

Comox

Forbidden Plateau Port Alberni

Nanaimo

Pratt Road

* For complete details, please contact a sales representative. The Developer reserves the right to make modifications and changes to the information contained herein. Photos and maps are representational and are not accurate. Prices are subject to change. E.& O.E.

Victoria

A28

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

COMMERCIAL

RE/MAX TREELAND REALTY

RE/MAX LITTLE OAK REALTY

RE/MAX BOB PLOWRIGHT REALTY

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

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

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

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

COMMERCIAL BUYER/TENANT REPRESENTATION

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

16 SUITE MULTI FAMILY DEVELOPMENT SITE

DEVELOPMENT SITES

PORT COQUITLAM

NE W

INDUSTRIAL WAREHOUSES/OFFICES

NE W

COQUITLAM #100 42 Fawcett Rd.

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

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

SALE $690,000 LIVE/WORK PROPERTY x2,843 sq. ft. 4 Bdrm Home x1 Acre Industrial Property xZoned CD14 - Outside

70 x 80 Barn xAlso available w/separate title 7.5 acre land

DAVID KEARNEYCCIM

www.davidkearney.com

SALE $599,900

BUSINESS FOR SALE

INVESTMENT PROPERTY

dkearney@remax.net

604-942-0606

xThis business makes

money

building

SALE $79,900

SALE $598,800

FORECLOSURE PROPERTY

DEVELOPMENT SITE

1-888-942-0606

RE/MAX S ABRE REALTY

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

MAIN BUILDING

STORAGE for 500+ Vehicles at back

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

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

SHARE SALE INCLUDES

$6,500,000

For more information contact:

GARTH OLSON Re/Max Treeland Realty 604-533-3491 realestate@garth-olson.com s www.garth-olson.com Langley, BC #104-6351 197th Street. A rare opportunity to own a 1446 sq.ft. office in a Prime Langley location, the ‘Willowbrook Professional Center”. The office has two entrances and parking at both front and rear of building. Office should lease out between $17-$20 / sq ft. Immediate Possession. RE/MAX TREELAND

income $4500/mon gross size 48,326 sq. ft.

xLand

SALE $1,144,000

AIRPORT HANGAR W/OFFICE

LIVE/WORK OPPORTUNITY

x 2 kitchens, 2 washrooms,

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

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

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

SALE $324,900

LIVE/WORK OPPORTUNITY

BUSINESS & PROPERTY xLiquor Store & Pub, on 1

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

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

heat and individual meters

SALE $689,900

land, equipment and building

SALE $650,000

FOR LEASE IN CHILLIWACK RETAIL LEASE SPACE $8/sq ft

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

x 2 separate titles xFully Leased - current

SALE $795,000

Lease From

KEITH SETTER 604-533-3491

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

family

Toll Free:

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

Storage

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

xSandwich Tree Franchise xEasily run by couple or

Auto Salvage LANGLEY BC

OFFICE FOR SALE

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

x14.35 Acres of land xIncludes 6 Bdrm Home +

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

Residence also on the Property

SALE $1,295,000

CHWK ACREAGE - 2 TITLES

4000 sq ft Light Industrial newer ( 2007) building in Dawson Creek, BC. 32 Unit townhome complex in Dawson Creek BC. ( 50 km from Fort St John and Tumbler Ridge.)

xOffered at CAP RATE of 5.69% xComprised of 2 separate titles .78 acres xFuture Development Site xIn City’s Official Community Plan 28 to 54 units per acre, 4 storey residential

HIGH PROFILE DEVELOPMENT OPPORTUNITY

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

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

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

FOR SALE IN CHILLIWACK

PORT COQUITLAM

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

RE/MAX SABRE REALTY GROUP

BRAND NEW RETAIL SPACE xHigh Visibility, located on busy main road xFrom 746 sq. ft. to 2,697sq. ft. xOn site parking xCommercial Mixed use centre Lease from $10$12/sq ft

xRetail 2,270 sq. ft. on 1st floor xExcellent exposure on busy

Road

Lease $12/sq ft

xPlenty of on-site parking xAsk about New tenant

incentive Lease $12-$13 sq ft

Lease $9/sq ft

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

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

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

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

First time offered at $2,188,000

CALL ROY MUFFORD

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

604-533-3491

RE/MAX TREELAND

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