Western Investor August 2011 Section B

Page 1

www.naicalgary.com RED DEER COUNTY 27 - 46 Acres (+/-) Serviced Industrial Site Zoned Medium Industrial $210,000 P.A.

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

Daniel Goldstrom Tel: (403) 809-8326 dgoldstrom@naicalgary.com FOR SALE/LEASE • 20 Unit townhouse project • 50% complete, at "Lock Up" stage • Asking Price - $6,200,000

19 WILL & KATE LIFT SLAVE LAKE

Royals’ suprising visit cheers fire-ravaged town

▲

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

FOR SALE/LEASE 97 Prairie Place SE, Calgary Size - 4.7 Acres Asking Price - $1,699,000 Zoning - Light Industrial Shane Olin Tel: (403) 708-9086 solin@naicalgary.com

SOLD

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

Daniel Goldstrom Tel: (403) 809-8326 dgoldstrom@naicalgary.com

BUILDING FOR SALE • 20,000 +/- s.f. on 1.5 +/- acres • NE Calgary • Zoning includes Retail / Office Use $3,950,000

SERVICED LOTS FOR SALE • From $175,000 / Acre • 1.0 - 3.5 Acres • Carstairs, Alberta FOR SALE - LAND & BUILDING 3405 - 32nd Avenue NE, Calgary, AB • Site: 1.21 +/- acres • Building: 14,900 +/- sq. ft. Offers Showroom, Offices, Shop and Warehouse, Large Fenced Paved Yard - $2,800,000 Jim Courtney Tel: (403) 291-8873 jcourtney@naicalgary.com

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

BAYS FOR LEASE 4303 - 9th Street SE, Calgary, AB • 3 Bays totalling 9,322 s.f. • Ideal for Retail / Showroom Use • Available: Immediately

Deb Wallace Tel: (403) 291-8862 dwallace@naicalgary.com

Deb Wallace Tel: (403) 291-8862 dwallace@naicalgary.com

OWN YOUR OWN MOTEL Excellent Opportunity to Manage your way to Ownership. This is a serious opportunity located in the Kootenays, BC. Newer motel of 48 rooms with potential for expansion. Popular brand (flag), Pool and pool amenities. **Price is under $5 million and... **OWNER WILL FINANCE** LIVE AND WORK IN YOUR OWN BUSINESS FOR THE PRICE OF A DECENT CALGARY HOUSE! $550,000 - $750,000 can get you into the motel business. Small Town Southern Alberta. Live and work on premises with a great income. These are very nice properties! Contact: Jim Balfour Tel: (403) 291-8860 jbalfour@naicalgary.com

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

The Duke and Duchess of Cambridge greet cheering residents during a tour of centre that lost 340 homes

17 MALLING OF SPRUCE GROVE

Giant retail centres drive record-setting permits on Edmonton’s border 31 FRANCHISE’S 7 DEADLY SINS

Photo: Judy Gr

FOR SALE - 2 Acre Multi Residential Site - Calgary Region - 8,000 sf High Density Dev. Site - Calgary Core - Foreclosure

$4.29 AUGUST 2011 Vol. 26/Issue 8

Include: low cash, high emotions and ignoring franchisor’s market plan SPECIAL REPORT • B22

PRAIRIE HORIZONS POWER OF THE PRAIRIES

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

Calgary Office

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

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

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

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

www.colliers.com/kelowna

LANDMARK CINEMAS

s 4WO PREMIER ASSETS BOTH LOCATED IN THE DOWNTOWN CORE s &UTURE DEVELOPMENT WITH HOLDING INCOME s 0 ENTICTON ',! SQ FT +ELOWNA ',! SQ FT ,IST 0RICE $3,600,000 BOTH PROPERTIES

JEFF HUDSON* (Personal Real Estate Corp ) MARSHALL MCANERNEY* ( Personal Real Estate Corp)

MERRITT – RETAIL CENTRE

s 4ENANTS 3UBWAY 3TARBUCKS AND -ERRITT ,IQUOR 3TORE s ,OCATED OFF OF EXIT RAMP FROM THE 4RANS #ANADA (WY IN -ERRITT s #!0 RATE ,IST 0RICE $3,280,000 MARSHALL MCANERNEY* ( Personal Real Estate Corp)

INVESTMENT OPPORTUNITY KAMLOOPS

ORCHARD MOBILE HOME PARK

NAKUSP HOTSPRINGS & RV CAMPGROUND

AVALON MOTEL, OSOYOOS

s -AGNIFICENT NATURAL SITE FOR A HOTEL 26 RESORT OR %CO !DVENTURE 4OURISM s ACRES OF RARE AND UNIQUE NATURAL ASSET

MIKE GEDDES

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

996 LAVAL CRESCENT, KAMLOOPS

INDUSTRIAL STRATA - KELOWNA

s /VER SQ FT OF REFRIGERATED WAREHOUSE LONG TERM TENANTS List Price: $1,895,000 LARRY GOOD ( Kamloops)

s SQ FT BUILDING W SQ FT MEZZANINE s ACRE LOT LONG TERM NATIONAL TENANT s ,OCATED IN 'ATEWAY #AMPBELL #REEK )NDUSTRIAL 0ARK List Price: $1,200,000 RON EHRENHOLZ, +AMLOOPS

s PADS AND 26 SITES s ,OCATED KMS FROM $OWNTOWN +AMLOOPS List Price: $9,500,000 (Asset Sale) or $9,270,000 (Share Sale) JEFF HUDSON (Personal Real Estate Corp ) MARSHALL MCANERNEY ( Personal Real Estate Corp)

s SF WITH SF MEZZANINE OFFICE SPACE BAY DOORS HIGH CEILINGS s #AP 2ATE s .EW YEAR LEASE IN PLACE List Price: $1,080,556 MARSHALL MCANERNEY ( Personal Real Estate Corp) CHAD BIAFORE

COMMERCIAL LOTS - MERRITT s ACRES ACRE :ONED #

LARRY GOOD ( Kamloops)

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

UÊ

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

Syd Berisoff Agent/Broker

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

O f fice: Fax:

250-862-8100 250-984-0803

AssociateÊBroker

Larry Berisoff SalesÊAssociate

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

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

NELSON, BC

AINSWORTH HOT SPRINGS

s 5NIT )NN -OTEL W WELL APPOINTED ROOMS s -ACHINE #OIN ,AUNDRY .EW s #EMENT "LOCK "UILDING IN %XCELLENT #ONDITION s !BOUT 3QUARE &EET OF 2ETAIL 3PACE s #URRENTLY A &URNITURE 3TORE "RING 9OUR )DEAS s $1,499,000

s 7ORLD &AMOUS ,OCATION n 7ALKING $ISTANCE TO 0OOL s 5NIT -OTEL /VERLOOKING 4HE 3CENIC +OOTENAY ,AKE s "EDROOM (OME /FlCE ON A 3EPARATE 4ITLE s #URRENT /WNER /PERATES -ONTHS A 9EAR s $639,000

s 3ICAMOUS n #HOICE ,OCATION !CRES

s 6ERY 'OOD #ENTRAL ,OCATION

$399,000

s "EDROOM AND "ATHROOM ,IVING !REA

s 2EVELSTOKE #OMMERCIAL !CRES

s 3TOREY "UILDING s 3OLID )NCOME 0RODUCER s 3AME OWNER ,AST 9EARS

s $998,000

s 5NIT -OTEL ON (IGHWAY s 'REAT 3HOP WITH &4 #EILINGS AND 3ECOND &LOOR s .ICE "EDROOM ,IVING !REA s /VER !CRE OF ,AND #LOSE TO !MENITIES s $549,000

LAND

HOPE, BC s 5NITS AND HAVE +ITCHENS

s )NSIDE #ORRIDOR 2OOM !CCESS

CHRISTINA LAKE, BC

FERNIE, BC s 2ESTAURANT "USINESS WITH THE 2EAL %STATE s /.,9 /PEN 0- TO 0- $AILY #LOSES FOR %XTENDED (OLIDAYS s 3EATS AND A SEAT 2OOFTOP 0ATIO s 7ELL %QUIPPED /NLY /WNERS IN 9EARS s 6ERY 'OOD 3ALES s $618,000

X 3HOP

LOON LAKE s 7ATERFRONT 2ESORT ON ,OON ,AKE s !CRES WITH !CRES ON THE 7ATERFRONT s 26 3ITES #ABINS 4RAILERS s $OCKS "OATS 3TORE "EDROOM 2ESIDENCE s /PERATE AS IS OR 'ROUP 0URCHASE OR $EVELOP s $1,995,000

$995,000 s -ERRITT n 0ARCELS !CRES

$369,000 and $269,000 s "LUE 2IVER !CRES n #OMMERCIAL

$169,000

MERRITT LAND s ,OCATED .EAR 7AL -ART "OSTON 0IZZA s !CRES WITH %XCELLENT %XPOSURE TO (IGHWAY s #URRENTLY :ONED # s 3ELLER MAY CONSIDER 4RADES &INANCING %TC s $2,999,000

BOWRON LAKES

PRINCETON

REVELSTOKE REDUCED

SALT SPRING ISLAND

s 4HE &AMOUS "ECKER S ,ODGE 3INCE s #ABINS 26 3ITES ,ODGE 2ESTAURANT 3TORE s /VER +AYAKS AND #ANOES s 0LUS !CRES OF 7ATERFRONT 0ROPERTY s 7ORLD #LASS &ACILITIES s $2,200,000

s 5NIT -OTEL WITH #ENTRAL ,OCATION s 3PACIOUS "EDROOM ,IVING !REA s 0ORTION OF THE "UILDING HAS .EW 3TUCCO s )NDOOR 3WIMMING 0OOL (OT 4UB s 3EAT 3USHI "AR IF YOU WANT ALSO INCLUDED s $988,000

s 5NIT -OTEL !DJACENT TO 4RANS #ANADA s !CRES :ONED # /PERATE AND (OLD s !DJOINING !CRES OF # FOR $EVELOPMENT s 4HIS 0ROPERTY HAS 'REAT 6IEWS AND %XPOSURE s Motel $ 3,750,000 s Land $ 1,495,000

s #HALET 3TYLE 5NITS W -INERAL 7ATER TO %ACH s -AIN "UILDING W 3PA &ACILITIES "DRM 3UITE s /CEAN &RONTAGE WITH 4REMENDOUS 6IEWS s 6ERY 'OOD "USINESS WITH -ANY 2EPEAT #LIENTS s $2,550,000

$0/5&/54 "6(645 */5&3*03 # $ Â… "-#&35" Â… 4"4,"5$)&8"/ Â… ."/*50#" 4&$5*0/

FEATURES 19 0/ 5)& $07&3 4MBWF -BLF TUJMM OFFET IFMQ

On the cover The Duke and Duchess of Cambridge, Prince William and his wife Kate, touring fire-ravaged Slave Lake Photo: Joe McWilliams / Lakeside Leader

Royals’ visit sparks aid but fire damage remains extensive

17 " GSFTI HSPPWF GPS 4QSVDF (SPWF

22 1SBJSJF )PSJ[POT HFU CSJHIUFS BMM UIF UJNF Canada’s power centre has what the world needs

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

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New shopping malls boost building pace to record high Download a PDF of all our Regional Roundups online at www.westerninvestor.com

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Can-do attitude characteristic in fast-growing city

2–9 */5&3*03 /035)&3/ # $ 3&"- &45"5&

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#/--%2#)!, 02/0%24)%3 ). +%,/7.! !2%! s #100-1553 Harvey Ave., Kelowna, BC V1Y 6G1 LAKE COUNTRY COMMERCIAL & RESIDENTIAL MIXED DEVELOPMENT LAND Hotel, Commercial, and Residential Lands FASHIONABLE DOWNTOWN CORE HIGH TRAFFIC – HIGH DEMAND – GORGEOUS MODERN BUILDING +/- 1,480 square feet. This unit has all the leaseholds in place to bring in your turnkey operation with retail space, reception, ofďŹ ces, overhead loading door and a warehouse area in the rear of the unit. For Lease: $2,343 per month + NNN + HST MLSÂŽ

A +/- 2.93 Acres for $4,399,000 + HST B +/- 0.90 Acres for $1,000,000 + HST C +/- 2.67 Acres for $2,999,000 + HST

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

SUCCESSFUL FRANCHISE LOCATION AVAILABLE Solid franchise opportunity with one of the best names in the glass business. With an already proven business model they will train, coach and assist you through the whole process. Available: $199,000 MLSÂŽ

DOWNTOWN KELOWNA – CLOTHING RETAIL STORE Downtown Kelowna – Clothing Retail Store – Location that can’t be beat being steps away from the lake. They have distribution rights to the majority of the lines they carry. Great website and client database already in place. Asking $249,000 + HST MLSŽ

DOWNTOWN KELOWNA – COMMERCIAL STRATAS AVAILABLE This is an opportunity to own your own commercial strata unit in the downtown core ranging in sizes from approx. 838 2,194 square feet. One block away from city hall and two from the law courts. Available For Sale: $251,550 - $668,264 MLSŽ

DOWNTOWN KELOWNA RESTAURANT/BISTRO AVAILABLE Specializes in Eastern/Mediterranean fare. Over $40k worth of assets added to business so far in 2011. 50 seats inside and 40 outside on the new patio. Asking $120,000 + HST MLSÂŽ

UPDATED OFFICE STRATA UNIT AVAILABLE Approx. 1,163 square feet of improved ofďŹ ce space available for purchase. This unit is conveniently located just off of Highway 33 in the Rutland area. Asking $268,000 + HST MLSÂŽ

FORMER CIBC BRANCH LAND & BUILDING Subject property is located in an area which is increasingly being re-developed into an upscale commercial area. The lands are fee simple with 13 parking spaces on the property. The 6,337 sq ft is broken down with 4,362 sq. ft. on the main oor and 1,975 on the second. Asking: $1,595,000 + HST MLSŽ

B4 Interior British Columbia FOR LEASE

.&33*55

RETAIL OFFICE SPACE

NICOLA VALLEY INVEST in a booming community!

DOWNTOWN CRESTON 1230 CANYON STREET READY FOR OCCUPANCY 2011 CRESTON, BC

2390 Seyom Cres. A great opportunity to purchase 7 fully rented 3 bedroom, 2 bathroom townhouses, located in the downtown area close to shopping. Under $100.000 per unit. This development has had recent upgrades including: new windows, new roof, new fencing. Buyers to receive & read development disclosure. Information package on future confi rmed Industries available.$624,000 Call L.B. for details. Sellers will look at all offers!!!

Leasable Space in a Brand New Building Located in Downtown Creston UÊ£ÃÌÊy ÀÊ vviÀÃÊÀiÌ> Êë>Vi UÊÓ `ÊEÊÎÀ`Êy ÀÃÊ vviÀÊ vwViÉÀiÌ> Êë>Vi UÊ"ÛiÀÊ{]ÇääÊõÊvÌÊ«iÀÊy À UÊ7 ii V > ÀÊ>VViÃà L iÊi iÛ>Ì À

BERNARD

CRESTON PLACE HOLDINGS LTD. PH: 250-428-9445ÊUÊ 8\Ê250-428-5786 UÊ/ Ê Àii\Ê1-877-428-9445 Ì>Ài `i JÌi Õð iÌ

DESCHENES TEL: 250 314 4530 WESTWIN REALTY bernard@kamloopsrealestate.info

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

INVESTOR SPECIAL

Prime Waterfront South Okanagan

Kamloops, BC Fully updated 2 bedroom/1 bath condo in a desirable Kamloops Neighborhood. $46K Investment. 2 year hold with a pre-arranged sale and excellent built-in profit.

7

ACRES

LAKEFRONT

PropertyInvestorDeals.ca

Full municipal services Adjacent to a golf course with 450 condo units and a hotel currently under development $280,000 annual income Hold for investment or develop to your plans on your schedule $ 4,350,000

for complete details about this property and others.

E-Mail: lkirsch@shaw.ca

Please visit

Lfmpxob(t!Mvyvsz!Sfbm!Ftubuf!Tqfdjbmjtut!tjodf!1985

Q;!250-860-7500! UG;!888-535-6962!!!!!!!!! F;!!kbofAkbofipggnbo/dpn!!!!!!!!

xxx/kbofipggnbo/dpn

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

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

TWO NORTH OKANAGAN SELF STORAGE FACILITIES

UÊ } Ê Ý« ÃÕÀiÊ ÜÞÊ ÇÊ V>Ì UÊ{ÓÇÊ1 ÌÃÊ V Õ` }ÊÇäÊ i>Ìi`Ê1 Ìà UÊ£ÎäÊ³É Ê"ÕÌ` ÀÊ-Ì À>}iÊ-«>Vià UÊÈ°äÓ Ê VÀiÃÊUÊ, Êv ÀÊ Ý«> à UÊ" ÞÊÈÊ9i>ÀÃÊ" `Ê UÊ/ «Ê+Õ> ÌÞÊ-Ì>ÌiÊ vÊÌ iÊ ÀÌÊ >V ÌÞ UÊ > >}iÀ¿ÃÊÀià `i Vi UÊ À ÃÃÊfÈÎx]äää³É

UÊ } Ê Ý« ÃÕÀiÊ V>Ì UÊÓxnÊ1 ÌÃÊ« ÕÃÊnäÊ"ÕÌ` ÀÊ-Ì À>}iÊë>Vià UÊÓ°Ç£Ê VÀiÃÊUÊ, Êv ÀÊ Ý«> à UÊ VÀiÌiÊL V ÊV ÃÌÀÕVÌ UÊ > >}iÀ¿ÃÊÀià `i Vi UÊ ° °Ê/ «Ê£äÊ1 >Õ Ê V>Ì UÊ-i iÀÊ >ÞÊV>ÀÀÞÊ ÀÌ}>}i UÊ À ÃÃÊf{ ä]äää³É

Asking Price $6,750,000

Asking Price $4,995,000

FORECLOSURE SALE – $200,000 PRICE REDUCTION! INDUSTRIAL BUILDING – SUMMERLAND

UÊÊÓ°È{Ê VÀiÊ- ÌiÊÊUÊÊÎä]äääÊõ°ÊvÌ°Ê-Ìii Ê À> iÊBÕ ` }Ê Ü Ì ÊÈ{nÊõ°ÊvÌ°Ê vwÊViÊë>ViÊUÊ Õ ÌÊ ÊÓääÇÊÊUÊ*À Vi`Ê Li ÜÊf{xÊ*- ÊUÊÊ< }Ê> ÜÃÊ Õ iÀ ÕÃÊ«iÀ ÌÌi`ÊÕÃiÃ

NEW Asking Price $1,650,000 LAND – OSOYOOS $400,000 PRICE REDUCTION 21.8 ACRES – PRIME HOLDING PROPERTY UÊ À iÀÊà ÌiÊ Ê } ÊÌÀ>vwÊV]Ê } ÊiÝ« ÃÕÀiÊ V>Ì ÊÜ Ì Ê ÛiÀÊ£]äääÊvÌ°Ê } Ü>ÞÊÎÊ vÀ Ì>}iÊ« ÕÃÊ£]£ÇxÊvÌ°ÊÃiV `>ÀÞÊÀ >`ÊvÀ Ì>}iÊUÊ/ Ü ÊÃiÜiÀÊEÊÜ>ÌiÀÊ>ÌÊ ÌÊ i UÊ6iÀÞÊV ÃiÊÌ Ê > iÊUÊ V Õ`iÃÊ ÕÃiÊEÊ «iÀ>Ì }Ê ÀV >À` New Asking Price $1,995,000 2.13 ACRE DEVELOPMENT SITE

UÊ/ ÕÀ ÃÌÊ iÀV > Êâ }ÊUÊ À Ì>}iÊ ÊÎÊÀ >`ÃÊUÊ*À iÊ V>Ì Ê ÞÊÎääÊviiÌÊÌ Ê > i LD O S UÊ V Õ`iÃÊÀi Ì> Ê ÕÃiÊUÊAsking Price $695,000

MOBILE HOME PARK – MERRITT UÊÓäÊ- ÌiÃÊ Êx°nÓÊ>VÀià UÊ ÌÞÊÃiÜiÀÊ> `ÊÜ>ÌiÀ UÊ Ê*>À Ê Ü i`Ê L iÊ ià UÊ* ÕÃÊÎÊÀi Ì> Ê ÕÃiÃÊEÊ£ÊDÕ« iÝ UÊ Ý«> à ʫ Ìi Ì > UÊ Õ> Ê}À ÃÃÊ V iÊf£Èx]äääÊ³É Asking Price $1,595,000

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

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

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VERNON & AREA TRADES CONSIDERED ON SELECT PROPERTIES PREMIUM STORAGE YOU OWN! GARAGETOWN - VERNON Premium Storage with a difference- YOU OWN IT! - 47 fully customizable units. 20x48, 24x48 and larger w/14’ overhead doors plus a drive-through model. Ideal for RVS, boats, collectors, retail and business overflow. Level 3 acre site w/ quick access to all major routes. Fully furnished Owners Lounge! Offering preconstruction incentives from $125,900 MLS® CARWASH – WILLIAMS LAKE Profitable and well maintained! Great Family operation or for absentee owner. ½ acre lot, 3 high pressure truck and 3 medium pressure car bays, new detailing business. $949,000 MLS® LEASE OPPORTUNITIES ! Let us help re-locate or expand your business to VERNON! Excellent Retail, Commercial, Professional, Industrial leases available! MLS® WAREHOUSE/SHOP Industrial/Commercial unit with store front. 14’ overhead door, 40’ x 25’ and huge mezzanine area. Owner may lease back for one year. $269,000 MLS® TRANSCANADA HIGHWAY FRONTAGE 1.8 acres with 500’ frontage. Previously operated as Gas station, store, restaurant, launderette. Includes rental suite and 5 unit mobile home park. Main stroe built in 2003/ Sold As is Where is. Opportunity! $515,000 MLS® NURSERY/HORSE SET-UP In heart of Coldstream Valley! Turn key operation! Steady Growth! Equipment, automated greenhouse, vehicles, comfortable home with suite, office. 20 prime irrigated acres w/ set up for horses. $1,600,000 MLS® FORMER PACKING HOUSE OFFERS 38,000 SQ.FT. Warehouse can be cooled or heated. Of street semi-trailer, staff parking. Extremely solid. Zoning supports brewing/distilling, commercial, retail, care center, apartment and more. Downtown location. $1,949,000 MLS® SERVICE COMMERCIAL DEVELOPMENT SITE Ideal for end user or subdivision. Fully serviced area w/access from 2 or 3 roads. Zoning allows for 10,800 sg.ft +. Multiple uses including residential above main floor. $5,750,000 MLS® IDEAL FOR WATER BASED BUSINESS .51 level acre zoned I1 Light Industrial. 18’ x 30’ shop and 3 bdrm house. Located between downtown and yacht club/boat launch. Next to airport. Rare Find! $688,000 MLS® OKANAGAN RANCH 681 acre Ranch (or potential development) 20 minutes from Kelowna International Airport & City of Vernon. Adjacent to world class Predator Ridge Golf Course and Sparkling Hills International Resort. Rolling, open and treed land w/some stunning Kalamalka Lake views. 180 acres out of ALR. $6,495,000 MLS®

1-800-317-1118 or 1-250-549-7050

www.okanaganhomes.com Fax: 1-250-549-1407 PRISCILLA & CO. Re/Max Vernon

info@okanaganhomes.com 5603 27 St., Vernon, BC V1T 8Z5

Interior British Columbia B5

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

WESTBANK, BC

Zoned For 11 Stories

DEVELOPMENTAL LAND AND

GOLF COURSE FOR SALE IN THE BEAUTIFUL BC INTERIOR

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

NOT IN ALR 94 acres, spectacular lake view, beautiful building sites, pond, power at lot line, 2 accesses, close to golfing, skiing, waterfront recreation, dream estate or holding property for future development rd just north of Parkers cove, up 3 kms signs & orange ribbons on corners, MLS ®10032597 $339,900

Residence with Acreage & Business Opportunities. Residence on 2.33 acres, well utilized. Large open plan home, new roof & siding, wood fl rs. Newer 40'x50' insulated, heated & wired shop. Large front & back doors, 2 mezzanines, 2 offices, back up power gen. Room to park, $649,900 flat lot. MLS ®10024872

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

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

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

$450,000

UÊ }> Ê > i – 3 Tenants – Well Established UÊ > «Ã – Future Highrise expansion

$299,000 f£°{Ê

UÊ >V iÊ Àii – Hwy Frontage – Secure Yard

Dwight Vos 250.371.7992 Royal LePage Locations West

BUSINESS AND INVESTMENT OPPORTUNITIES

Tracy Mackenzie 250.318.2938

fÎÈ ]äää

DWIGHT VOS BEST-WEST REALTY LTD. 250.554.4511

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

@6BADDEH Business For Sale

FOR SALE PENTICTON

s %XCITING RETAIL BUSINESS &OR 3ALE SPECIALIZING IN CHILDREN S CLOTHING s ,OCATED IN THE 3UMMIT 3HOPPING #ENTER IN +AMLOOPS s 3TORE FRONT BEAUTIFUL INTERIOR LAYOUT s %XCELLENT POTENTIAL FOR FUTURE GROWTH

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

$1,999,000

Asking Price $49,000 plus inventory Rock Cracking Business w/out therocdoc.com Explosives. Used on concrete, granite, large rock formations, mining etc. Non toxic, Exclusive rights to North America. Air hammers, bits, Morooka crane + MST1100 dumper compressor. Approx 10 tons of corespan $99,000 included. MLS®10024891 Excavation & Demolition Business Turn key. 15 yrs in operation. On going business with contracts in place for future Work. Approx $250,000 Worth of equipment included (independently appraised) Selling for health reasons. MLS® 10024899 $375,000

PENTICTON

For Sale or For Lease s ,OCATED IN .ORTH 3HORE +AMLOOPS s %XCELLENT OPPORTUNITY FOR PROPERTY INVESTMENT BUSINESS START UP OR BUSINESS EXPANSION s "USINESS /PPORTUNITIES )NCLUDE %NTERTAINMENT &ACILITY -EDICAL /Fl CE 0ROFESSIONAL 0ERSONAL (EALTH 3ERVICES #OMMUNITY #ARE &ACILITY

kensrealty@hotmail.com

1 BDRM + DEN NEW PRICE $479,000

PENTICTON LAKEFRONT PENTHOUSE AMAZING VIEWS OF OKANAGAN LAKE & AVAILABLE IMMEDIATELY

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

SALE PRICE LOT A 1,937 sq.ft: $387,400 LOT B 1,210 sq.ft: $242,000 LOT C 3,608 sq.ft: $721,600 LEASE RATE $14-$18/sq.ft plus triple net

Ken Johnson 250-862-6000

LAKEFRONT PENTHOUSE WITH MOUNTAIN VIEWS AVAILABLE IMMEDIATELY

OSOYOOS 10 INCOME PRODUCING LAKEFRONT RV LOTS

Mona M. Murray Dip. ULE, RI (BC), CPM Offi ce: 250-372-2277

Email: mona@mcmrealestate.ca

www.mcmrealestate.ca

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

monarkinvestments.ca

604-592-7250

Financing Available. Potential Trades.

BUSINESS LOANS & MORTGAGES

Taylor Capital Inc. Proudly arranging financing for B.C. businesses since 1998

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COURT ORDERED SALE:

Merganser Bay Resort at Sugar Lake

Waterfront resort with 47 remaining of 67 recreational properties. A lodge w/4 rental suites & caretakers residence. 5.98 acres of land plus 2.5 acres for future marina. Zoned C5 Recreational Commercial. A unique development opportunity for continued rental income and resale of lots, as undivided interests. 22 cabin lots, 33 RV lots, 11 Park Model lots and one lot for the main lodge and common areas. Recently serviced lots with an elaborate on-site sewage system. Attractive terms available. Asking $2,950,000 subject to court approval. MLS 10027799

For Information, contact

JOE UNGARO 250 317-1819 joeungaro@shaw.ca

TERRY ALBRECHT 250 862-6554 terryalbrecht@shaw.ca www.RealEstateKelownaBC.com

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R.N. (Ron) Palmer CIM Phone (250) 446-2868 Email: rpalmer@lincsat.com www.ronaldpalmer.com

KELOWNA

B6 Interior British Columbia SALMON ARM, B.C. Reduced to $600,000

FERNIE, BC INVESTMENT PROPERTY Watch the snow fall......and the $$$’s pile up with this perfect little investment property in Fernie, BC. This 1526 sq ft fully furnished 3 bed / 3 bath home located minutes from Fernie Alpine Resort and Downtown Fernie. Beautiful views of the ski hill and surrounding mountains, just a short walk to the Elk River and world-class fishing. MLS® K204511

Loralee Thomas 250-430-1070 loralee.thomas@remax.net www.LoraleeThomas.com

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

FAIRMONT HOT SPRINGS, BC HIGH EXPOSURE COMMERCIAL PLAZA FOR SALE

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

Fairmont Plaza located in the commercial heart of Fairmont with excellent exposure on the main road to Fairmont Hot Springs Resort. 7200 sq. feet building – 3 strata titles and Manager Suite on 0.91 acre property. Will sell as complete unit or strata’s separately.

SALLY SCALES Elk Valley Realty

ENDERBY, BC Commercialland, building and business opportunity, plus bonus residential suite currently rented. Additional storage area can be converted into second residential suite if desired. Street level store includes SEARS, DHL and Purolator outlets. Established bulk food store known as the Stocking Up Shop. Busy store frontage. Established clientele. Turnkey. RACHEL PASEMKO REALTOR/ASSOCIATE BROKER

$1,500,000

sallys1@telus.net or 250-832-4831

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

OKANAGAN OPPORTUNITIES Acreages

Investment Properties

Court Ordered Sales

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RE/MAX Shuswap 1111 Lakeshore Dr SW Salmon Arm BC V1E 1E4

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Tim Down ]Ê*°Ê ««]Ê ]Ê, ­ ®]Ê "Professionalism You Can Trust"

1-888-676-2435 www.rachelpasemko.net rachelpasemko@remax.net

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

COLDWELL BANKER COMMERCIAL WORLDWIDE LARGE CONSTRUCTION PROJECTS UNDERWAY IN OUR AREA

INTERNATIONAL SCHOOL

18,000 SQ. FT. DISTRIBUTION OR MANUFACTURING CENTRE

OVER 50,000 SQ. FT. PROPERTY

DEVELOPMENT PROPERTY NOW REDUCED $575,000

NICELY LOCATED WITH ADEQUATE PARKING AND FENCED STORAGE AREA $750,000

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

FORMER SCHOOL 3 LUXURY SUITES UPPER LEVEL, SIGNIFICANT RESIDENTIAL REDEVELOPMENT POTENTIAL, LOG FURNITURE COMPANY USES LOWER LEVEL, ZONED C10A

HOTEL, LIQUOR STORE, RESTAURANT $699,000 DER SALE

COURT OR

$2,750,000 $799,000

Call Brian Yeo 250-231-0676

BLOCK MOTEL NINE UNIT & MOBILE HOME REDUCED TO $695,000

30 UNIT APARTMENT GREAT LOCATION NICE SHAPE NEWER ROOF STABLE CLIENTELE

TIME & PLACE CHRISTINA LAKE $489,000

Call Jack Giles 250-512-9997 1ST TRAIL REAL ESTATE LTD.

ENVELOPE TOTALLY REDONE, INSIDE FINISHED

$499,000

$1,800,000

7 Acres of Developable land at the entrance to Red Mountain Ski Resort

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

BELLA VISTA ESTATE 4-UNIT STRATA

GREEK RESTAURANT

EUROPEAN BAKERY

OWNER RETIRING,

HIGH VOLUME OWNER RETIRING, WILL STAY ON AND TRAIN

WILL STAY ON AND TRAIN

$300,000

HIGH FOOD VOLUME

LIQUOR STORE PUB & RESTAURANT 16 NEWLY FINISHED ROOMS $1,490,000

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

Interior/Northern British Columbia B7

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

ProďŹ table 36-Unit Motel - Fernie, BC

KELOWNA HAIR SALON GREAT OPPORTUNITY

$1,590,000

9i>Ă€ĂŠĂ€ÂœĂ•Â˜`ĂŠĂŒÂœĂ•Ă€ÂˆĂƒÂ“ĂŠUĂŠ7ÂœĂ€Â?`ĂŠVÂ?>ĂƒĂƒĂŠĂƒÂŽÂˆÂˆÂ˜} -“>Â?Â?ĂŠĂŒÂœĂœÂ˜ĂŠVÂ…>À“ÊUĂŠ,ÂœVŽÞÊ ÂœĂ•Â˜ĂŒ>ÂˆÂ˜ĂŠ>`Ă›iÂ˜ĂŒĂ•Ă€i ÂœĂŒiÂ?ĂŠÂ…>ĂƒĂŠ ˜`ÂœÂœĂ€ĂŠ*œœÂ?]ĂŠ->Ă•Â˜>ĂŠEĂŠ ÂœĂŒĂŠĂŒĂ•L Âœ`iĂ€Â˜ĂŠĂ€ÂœÂœÂ“ĂƒĂŠUĂŠ7iÂ?Â?ʓ>ÂˆÂ˜ĂŒ>ˆ˜i` -Ă•LĂœ>Þà Ê­Â?i>Ăƒi`ÂŽĂŠÂœÂ˜ĂŠĂƒÂˆĂŒi *Â?Ă•ĂƒĂŠĂŽÂ‡L`À“Ê“>˜>}iĂ€ĂŠÂ…ÂœÂ“iĂŠ>ĂŒĂŒ>VÂ…i`

owners retiring, established 30 years - great location in the Mission, Gov’t Liquor store, Dairy Queen, Starbucks and shopping centre. Plenty of parking. Many walk-ins. Six stations, 3 sinks, Esthetician room.

KELOWNA & OKANAGAN ACREAGES FOR SALE

PRIVATE COUNTRY ESTATES Mabel Lake, near Vernon, BC 17 Acres $200,000 25 Acres $330,000

www.davidjurome.com

DAVID JUROME 250-862-1888

davidjurome@gmail.com

Neil Frost 1.604.483.6345

PHONE 250-769-7442 EMAIL taylorw1@shaw.ca

FREE 24 HOUR RECORDED INFORMATION CALL 1-800-848-1615 & ENTER EXTENSION #1487

NORTHEAST BC REALTY Ltd.

250-547-2088 www.mabellake.ca THRIVING TAXI COMPANY IN WILLIAMS LAKE, B.C.

“Investing Our Energy In The North� Located at 9912-100 Avenue Fort St John BC V1J 1Y5 F: 250 785 4120 www.NEBCRealty.com

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

LIGHT INDUSTRIAL

Included: Land and Building, Cars and licenses. Business related equipment.

3 properties close to city limits and all amenities; 9.56 Acres - 2 industrial shops (7183sf & 7000sf +/-) ASKING $2,250,000 MLSÂŽ N4504904

Asking price $495,000 Over $750,000 Gross/year. Financial papers available on request.

5.73 Acres - industrial site (modular home/office) ASKING $498,000 MLSÂŽ N4504591

Call Ron for information package or to arrange to view

If you are looking for light industrial property without city property taxes, look no further...

All sizes and data to be confirmed by Buyer

Excellent tenants, fully renovated building. Showing a 10% Cap Rate

7000 sf building offers 1000 sf of ofďŹ ce/reception & 6000 sf of shop space ,4-16’ O/H doors & 1-14’ O/H door, 17’ ceiling, 200 amp service, just under 1 acre of $915,000 - MLS# N4504751 land.

10016 - 106th Street

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

OPPORTUNITY KNOCKING! 8224 - 93rd Street

1050 sq ft of ofďŹ ce w/ hardwood  oors. Front 4717 - 51 St., Chetwynd reception & display Fully occupied w/consisted ROI to the owner. Contains area & the shop with 3 bays, 1 is drive through/wash established businesses & a fully furnished 2 bdrm apart. bay. Radiant heat, mezzanine area, 14’ overhead doors. Torch on roof in 1999 & new ďŹ re system in Jan. 2011. Fenced compound all on city services.

$1,200,000 - MLS# N4504915

DENNIS BOCK

PRINCE GEORGE

250-692-3530 www.landahome.ca

For more information call Shama Vohora at: 778-245-1535 email: shamavohora@gmail.com Toll Free: 1-888-419-1909

$329,900 - MLS# N4504196

INVESTMENT GEM!

Burns Lake and Area Representative

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$2,700,000 MLS# N4504630

INVESTORS ALERT!

10433 - 269 Rd

Waterfront Properties 2900 Sqft home - $379,000 Call 2800 Sqft home - $329,000 Dennis for 1900 Sqft home - $145,000 Details 1300 Sqft home - $160,000

UĂŠĂŠ ÂœĂœÂ?ˆ˜}ĂŠ>Â?Â?iĂžĂŠÂ‡ĂŠÂœÂ˜Â?ĂžĂŠÂœÂ˜iĂŠ ÂˆÂ˜ĂŠĂŒÂœĂœÂ˜ UĂŠÂŁĂ“]äääĂŠĂƒÂľĂŠvĂŒĂŠLĂ•ÂˆÂ?`ˆ˜} UĂŠĂŠ ÂˆĂŒVÂ…i˜]ĂŠ}Ă€ÂˆÂ?Â?]ĂŠĂŠ L>Â˜ÂľĂ•iĂŒĂŠÂ…>Â?Â? UĂŠ"Â˜ĂŠÂœĂ›iÀÊ>Â˜ĂŠ>VĂ€iĂŠÂ?ÂœĂŒ

9948 - 100th ST

A RARE FIND!

Art Studio with a long term tenant & a vacant fast food CafĂŠ for $229,000

Call (250) 392-4056 or e-mail coral001@shaw.ca

FULLY LEASED INVESTMENT PROPERTY!

12672 Mukluk Frontage Rd. 2 buildings on .91 of an Acre with the 2 bdrm. and log structure grossing $2150/month. C-2 Zoning on Alaska Highway frontage $439,900 - MLS# N4504328

Fourplex rental Unit $289,000

FOR SALE OR LEASE PRINCE RUPERT, BC

FORT. ST. JOHN HIGHWAY FRONTAGE

Business Opportunities

Only company in Williams Lake. Diverse business with contracts for CN Rail and Canada Post, WCB etc. Shares sale.

RARE OPPORTUNITY FORT ST JOHN BC

5.72 Acres - 1159sf house & 42’x78’ shop ASKING $890,000 MLSŽ N4504904

Burns Lake

RECESSION PROOF BUSINESS

Phone 250 785 4115

$879,000 - MLS# N4504836

KATHY MILLERCURTIS ROBINSON PERSONAL REAL ESTATE CORPORATION

Remax Action Realty 1991 Inc.

kathy@bugkathymiller.com curtis@remaxaction.ca

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

The Power Of Partnership!

The HEIDI LUSSI Real Estate Team

Deutsche Beratung Heidi Lussi Personal Real Estate Corporation

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

MLSÂŽ

LIVE, WORK & PLAY IN THE BEAUTIFUL NORTH OKANAGAN Call us today for all your real estate needs!

SELLER WANTS THIS PROPERTY SOLD NOW!!! s ACRES WITH ^ FEET OF 3HUSWAP 2IVER FRONTAGE s /LDER HOME SHOP HAY s "OAT TO -ARA 3HUSWAP s $749,000

EXCEPTIONAL PROPERTY ON 2.57 ACRES! s BED BATH SQ FT s 0OST "EAM n OPEN PLAN s 0ERFECT FOR " " OR GUESTS s $ETACHED SFT SHOP s $899,000

PERFECT LAKESHORE ENTERTAINING! s BEDROOM BATH SQ FT s ,EVEL RD AC WITH /KANAGAN FRONTAGE s $OCK BOAT HOUSE LIFT 26 PARKING s $1,399,000

s (OMES CONDOS s (ORSE PROPERTIES s (OBBY FARMS s 7ATERFRONT RECREATIONAL s #OMMERCIAL Toll Free: 1-800-667-2040 Bus: 250-503-3487 Email: heidi@heidilussi.com

HeidiLussi.com

B8 Northern British Columbia

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

Invest in PRINCE GEORGE

Acquire ‌

scenic waterfront

Two large waterfront properties Parcel 1 - 55 acres, 3 titles $520,000 approx 1650’ of lakefront, easy access Parcel 2 - 26 acres, 2 titles $325,000 approx 1450’ of lakefront, hwy access

Ideal for recreational / residential development Riverfront development site $575,000 1.76 acres - approx 263’ of riverfront zoned RM1 - multiple residential preliminary drawings for 13 Townhomes Subdividable riverfront - 7.32 ac $545,000 located along the Nechako River and only minutes to downtown nicely treed, existing driveway & hydro Successful business for sale $295,000 promotional equip rental & event planning extensive equipment list & 3 cube vans over 15 years name recognition

Elaine Kienzle 250

563-8769

www.elainekienzle.com

! ! ! &# + 70 #( * + $ $ 18 & - & & % " . % &% + 8 ( %+ )+ -+ + 55 &( + 4 %&# &) + 4:-7 & & (& . $ & & -

! " ! ! 31+000 ) % $ 4+000 ( & - & % + + & & &,

& - ( % ) & & &% % - 4 - &%% & ## ! ! :-9 & ' #+ 2

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1:+800 $& 1 & /1+400+000 % & 6 /7-70 :-9 & &% /8+800+000 -38 & ( % &( % ) & , &% /181+000- : % $ & & + /7:;+000 113 & % /1+5;0+000 7+100 &% ) % 3-:3 & /1+100+000 % & /:-00 10 ( % -;1 & /337+000- 100 & & & ) $ , $ /85+;00-

9-1 & & % &# $ , $& ' - 4,% &% 2 $& (( &%- % 3780 - - + & 7 &%% & & . + 30 43 & &) - /3:;+;00 &%% -

&' ! # ! % $ "& & & + ' %% % & $& & $ & + )&% , + (& & - /7;7+000

— Your PRINCE GEORGE Commercial Professionals — 1550 – 1st Ave.

Westwood Dr.

One of a kind opportunity. 3 concrete block warehouses on 3 Acres. 44,080 sq ft total space. Well maintained with 11 loading doors, 13 O/H doors, 3 Phase Power & highway access.

FOR LEASE – Prime retail & professional ofďŹ ce spaces. High trafďŹ c area, visual exposure, parking and much more. Net Lease.

9242 Milwaukee Way 7.5% Ca p Rate FOR SALE - 23,240 sq ft Industrial building

Fraser Lake, B.C. FOR SALE – Fraser Lake municipal development park. Commercial and Industrial lots of various sizes.

on 3.88 Acres located at the Danson Industrial Park. Zoned M-2. Has a seven year carefree lease.

8% Cap Rate

1108 Boundary Rd.

1921 Upland St.

Exceptional 12 unit apartment building. 9 units fully renovated. Good location, well maintained property. 8% Cap Rate.

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

353 Victoria St.

9543 & 9565 Anzac Cres. FOR SALE - 1.88 Acres. Zoned M-2. Industrial lots, cleared, level & serviced.

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

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

26485 Telegraph Rd. Vanderhoof, B.C. Ideal wildlife viewing/hunting property. 5 km of quad trails. 90 Acres cultivated. 2 miles of Nechako River front on west side & one mile on east side. Gravel deposit & two residences.

Domano Blvd. FOR LEASE 5111 Domano Blvd. – 1,800 sq ft of newly constructed prime RETAIL/OFFICE space on Domano Blvd. Occupancy Sept. 01.

5083 Domano Blvd. – Prime College Heights OfďŹ ce space. 1,150 sq ft visually desirable location.

9368 Milwaukee Way

1396 – 5th Ave.

Located on 3.74 Acres, 31,640 sq ft major fabricating/manufacturing facility.

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

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

GEORGE Weinand

250-960-9556

KEN Goss

250-565-7653

THINK REAL ESTATE...The Best Investment on Earth

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

FORT ST. JOHN PRICE: $69,500ĂŠÂŤiĂ€ĂŠĂ•Â˜ÂˆĂŒ

UÊÇÊ Â?`}ĂŠĂŠ*ÂœĂ€ĂŒvÂœÂ?ÂˆÂœĂŠÂ‡ĂŠ/ÂœĂŒ>Â?ÊÇÇÊÀiĂƒ°ĂŠĂ•Â˜ÂˆĂŒĂƒ UĂŠ Â?Â?ĂŠLĂ•ÂˆÂ?`ˆ˜}ĂƒĂŠÂœÂ˜ĂŠ ÂˆĂŒĂžĂŠĂƒiĂ€Ă›ÂˆViĂƒ UĂŠ*Ă€ÂœviĂƒĂƒÂˆÂœÂ˜>Â?Â?Þʓ>˜>}i`ĂŠvÂœĂ€ĂŠĂži>Ă€Ăƒ

ĂŠ

RON BARTSCH cell 604.789.2296 ronbartsch@me.com

DAWSON

CREEK

www.dawsoncreekrealestate.ca

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

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

RE/MAX DAWSON CREEK REALTY 1-888-214-5871 DAWSON CREEK COMMERCIAL EXPERTS #129987 - 1380 SQ FT SHOP/OFFICE SPACE 1380 sq ft shop/office space, 2 main bays 30 x 30 and additional 16 x 30 bay. Each bay has separate entrance washroom, 200 amp electrical and furnace. Paved parking lot, fenced compound and additional lot adjacent is included in the asking price of $255,000.

#129257: THE SOUTH PEACE UNITED CHURCH IS FOR SALE. OVER 11,000 SQ. FT. - Sanctuary, hall, kitchen, ofďŹ ces, and support services. Excellent corner location, zoned commercial, very good condition, ready for an ofďŹ ce conversion.

Northern British Columbia B9 2 NEW PRINCE GEORGE HOMES

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2 Brand new homes located centrally in Prince George. Self contained 2 bedroom suite on 4 and 3 city lots. Priced each at 249,000 incl. HST. Excellent revenue potential with no maintenance. Joni Brown 250-613-7872 teamjonibrown@telus.net

RE/MAX Centre City

Sicamous, BC

Multi-Unit Residential 10 Unit Residential Townhouse Property. Potential to stratify units for resale. Gross revenue of $88,800/yr. Annual expenses: taxes $5,080, water/sewer $4,000, insurance $950. Reduced to $849,000 (sold in 2007 for $1,000,000).

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

2 story 3 bedroom, 2 ½ bath Duplexes, each side is 1374 sq ft with 5 appliances, single car garage, window coverings, fully fenced on 4 ft, Styrofoam foundations, gas heat and hot water. Great revenue properties $249,900 per side. 4 duplexes (8 sides total)

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

Contact: Kent Laverdure at 250-202-0182

* Financing available O.A.C.

#129953 - RETAIL BUILDING Great location on 10th St over 3,000 sq ft on main and additional 3,000 sq ft on second floor, located next to Scotia Bank, immediate possession available. Asking price of $375,000 INVESOTR ALERT! New condo asking $219,000 leased out to an oilfield company for $2.500 month. This 2 bedroom with den unit comes with 6 appliances and is furnished, total of 1856 sq ft with full unfinished basement. HIGHWAY COMMERCIAL/INDUSTRIAL LAND Situated across from the EnCana event centre, Chances casino and new Holiday Inn this is a very desirable location. Total of three lots each approx 4.5 acres each, excellent visibility and access.

#129952 - FOR SALE OR LEASE Multi-purpose building, could have 4 separate units. Total of over 12,000 sq ft, upgrades include updated roof and furnaces Asking price is just $397,000 #130029 RETAIL STOREFRONT on 102nd Ave. for sale, 3500 sq. ft on a corner location, paved parking, good visibility can be used for ofďŹ ce, retail, or your own small business. Owner will consider leasing as well $169,000 #130010 - WELDING / MACHINE SHOP for sale Includes 12’ door, 13’ ceilings, 3 phase power, 23o Volt/400 amp service. Gravel yard, 100 sq. ft. ofďŹ ce with shower & bathroom. Fire hydrant, 2 overhead cranes. $260,000

#130083 - Prime location on Alaska Ave. in Dawson Creek - close to all retail and downtown and still on main artery through the City. Total of 17,000 sq. ft. of new space and can be divided into whatever you need. High end restaurant opening soon, lots of parking. #130090 currently leased located at 1512-97th Ave. Total of 4880 sq ft with 3360 sq ft of ofďŹ ce area and 1520 sg ft shop, 2-14ft doors. Existing lease shows over an 11% return. $425,000 #127545: NEW STRIP MALL has 4 available spaces left for lease, 1,750 sq ft each. Great location on 8th street between Tim Horton’s & The Brick. Lease rates start as low as $16/sq. ft Start your business here.

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

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

SOLD

ABBOTSFORD - 2.5 ACRES - $699,900

FOR SALE OR LEASE 5040 sq ft building on busy Alaska Ave. Many uses, drive thru availability, lots of parking, next to government liquor store. Owner will consider dividing building into two rental units. Priced at $795,000 or 17.50 sq ft to lease.

#129593: COMMERCIAL BUILDING WITH BEER AND WINE STORE for sale (gross sales of $2,000,000). Great location in Dawson Creek, also 40 apartments, bar/restaurant area and commercial space. Asking $3,500,000. Call for more info.

Look Here For

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

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

SOLD

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

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

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

B10 Recreational Real Estate HOT PROPERTIES

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

RECREATION FEATURE Wealthy investors corral exclusive acreages at Ranches at Elk Park in Kootenays

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erhaps the strongest evidence of a recovery in the Kootenay recreational market is the sale of ranchsized acreages at the exclusive Ranches at Elk Park just outside of Radium Hot Springs. Prices range to nearly $3 million – and that is just for the land. “We have sold two lots and we have holds on two others,� said Rudy Nielsen, founder and president of Niho Land & Cattle Company, which is marketing the ranches through its subsidiary LandQuest Realty. Prices roam from $9,000 per acre for small parcels to around $2,100 per acre for 400-acre and larger ranches. The 3,500 acres at Elk Park, a gated ranch community and perhaps the only one in B.C., are divided into 16 ranches, from 36 acres to 480 acres. The two lots that sold – one to a retired Edmonton oil executive – are both in the 100acre size, as are the two with pending sales. The Ranches at Elk Park are what Nielsen calls a “rare collection� of recreational private estate properties. The ranches are framed by Kootenay National Park and the Columbia Valley and prices range from $390,000 to $2.95 million for 200 plus acres with a lake. “This is a very exclusive opportunity,� said Nielsen, 70, B.C.’s most prolific land dealer. In the last 40 years, he’s put together thousands of successful real estate deals, involving tens of thousands of acres, from small plots to ocean islands, to entire town sites and huge farms

Photo: LandQuest

1

Ranches at Elk Park: 200 acres with a private lake listed for $2.95 million.

and ranches. “There’s nothing else like this in British Columbia. South of the border, in places like Montana, similar ranch-style communities are far less pristine and their prices are much steeper.� Calgary-based Schickedanz West, the owner of the Ranches project, is adding a comprehensive amenity centre outside the access point with fitness facilities and a private owners’ lounge, Nielsen said. He credited owner Fred Schickedanz for having the vision and patience to create “one of the best recreational ranch developments I have seen in a long time.� Nielsen said buyers are a mix of permanent residents and seasonal owners who plan to

ARIZONA Investment Property For Sale ACQUIRE REALTY

623-853-7765 Toll &REE s WWW !CQUIRE!: COM

eventually retire to the property. They share an common appreciation of nature, outdoor adventure, horse-back riding, hobby ranching and getting away from it all, “without going too far or spending too much.� Some of the ranches are lakefront, others have valley views and all have the security and privacy only big money can buy: there is only one access road and it is protected by a controlled locked main gate.

"MCFSUBOT

The success of Elk Park is likely cheered by other land and recreational vendors in the Kootenays, especially since it heralds the return of Alberta investors. In 2007, Albertans were big in the Kootenay

area, grabbing more than 2,000 residential properties and more than 600 plots of vacant land, with the Columbia Valley figuring large. With the BC/Alberta border so close to Calgary, the Kootenays were a natural lure. Then the oilfueled global economy stalled and Albertans went quiet; in 2010 Albertan purchases were off by more than 70 percent or 756 sales o f residential properties. However, with the global economy swinging back and oil now north of US$100 a barrel Nielsen expects a resurgence of Alberta buyers into the Kootenays. “Our sales team says the number and quality of calls coming out of Alberta has increased substantially, compared to anytime from mid2008 to late 2010, “ Nielsen said. A recent survey by the Royal Bank forecasts Alberta will lead the entire country in economic growth this year and next, and likely into the next decade. One telling stat: the average weekly wage in Alberta is $1,036 a week, almost one-third higher than the rest of Canada. And Albertans traditionally look to B.C. for recreational property. “You can golf, ski, and catch a large rainbow trout, all in one day in the Kootenays,� Nielsen said. He notes that the ski hills of Panorama Ridge near Invermere and the amenities o f Fairmont Hot Springs are close by Elk Park, with almost two-dozen golf courses within a 30-minute drive. Nielsen said The Ranches will attract a select type of buyer. “The price range is for individuals with a pioneering spirit ready to embrace a rare opportunity to own their own private ranch right at the foot of the Rocky Mountains.�◆

Contact us to start your portfolio today. Here are twelve of the homes we’ve sold over the past few months which are all within a 30 minute drive from downtown Phoenix. We even offer property management for our clients.

INFO !CQUIRE!: COM s 7EST -C$OWELL 2D "LDG # Ste. 305 Avondale, AZ 85323 Acquire Realty is family owned and operated with over 30 years of Real Estate experience. Contact us for Foreclosure or Short Sale Listings in Phoenix, Scottsdale, Fountain Hills, Surprise, 'OODYEAR AND 3URROUNDING !REAS 7E WOULD LOVE TO HELP YOU ďŹ nd your vacation home or investment property.

Phoenix Area

Sold Price: $51,900 Rent: $850 City: Tolleson 9EAR "UILT Square Feet: 1,423

Sold Price: $52,00 Rent: $825 City: Phoenix 9EAR "UILT Square Feet: 1,343

Sold Price: $60,300 Rent: $895 City: Glendale 9EAR "UILT Square Feet: 1,278

Sold Price: $60,500 Rent: $825 City: Goodyear 9EAR "UILT Square Feet: 1,159

Sold Price: $61,500 Rent: $925 City: Avondale 9EAR "UILT Square Feet: 1,197

Sold Price: $62,000 Rent: $895 City: Avondale 9EAR "UILT Square Feet: 1,255

Sold Price: $64,000 Rent: $850 City: El Mirage 9EAR "UILT Square Feet: 1,495

Sold Price: $64,000 Rent: $785 #ITY "UCKEYE 9EAR "UILT Square Feet: 1,574

Sold Price: $64,125 Rent: $850 City: Phoenix 9EAR "UILT Square Feet: 1,435

Sold Price: $69,000 Rent: $825 City: Phoenix 9EAR "UILT Square Feet: 1,343

Sold Price: $87,000 Rent: $995 City: Laveen 9EAR "UILT Square Feet: 1,763

Sold Price: $105,000 Rent: $1,150 City: Goodyear 9EAR "UILT Square Feet: 2,277

Average Sales Price per Square Foot ARMLS Residential All Areas and Types

Investment Opportunity Avondale - Crystal Gardens Lake Community Newly remodeled home, 1870 square feet, 3 bedrooms plus den, 2 baths, prime location near shopping and freeway access, would make for a great vacation home or could rent for $1000-$1075 as an investment property.

For Sale: $112,500

Recreational Real Estate HOT PROPERTIES B11

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

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

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

CLEARWATER SPRINGS RANCH & SPA - WELLS GRAY PARK, BC

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

BELL RANCH CHILCOTIN REGION OF BC

GRAVEL PIT ON CNR LINE EAST OF PRINCE GEORGE 2

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KOKANEE LAKESIDE RESORT KOOTENAY LAKE

BRIDGE LAKE WATERFRONT LOG HOME

ADAMS LAKE OFF THE GRID

HORSE PROPERTY QUESNEL

NORWOOD RANCH COURTENAY

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THE POINT DENMAN ISLAND

SERENE LAKEFRONT PROPERTY ON NIMPO LAKE, BC

1939 HERITAGE BOUTIQUE HOTEL SQUIRREL COVE TRADING CO. CORTES ISLE - DESOLATION SOUND POWELL RIVER, BC

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HISTORIC FARM SOUTHERNGULFISLANDS

1,800 SQ FT OCEANFRONT HOME INDIAN ARM, BC

2,200 SQ FT OCEANFRONT HOME - INDIAN ARM, BC

WATERFRONT DREAM - HOBBY RANCH - CARIBOO REGION OF BC

COLDWELL BAY - OCEANFRONT OFF GRID LIVING - INDIAN ARM

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(EATHER AND -IKE $ILLON HEATHERANDMIKE LANDQUEST COM

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#AMERON 3TONE CAMERON LANDQUEST COM

#AMERON 3TONE CAMERON LANDQUEST COM

AFFORDABLE WATERFRONT CABANA - BOWEN ISLAND, BC

THE HISTORIC JURA STOCK RANCH

DEVELOPMENT PROPERTY IN VALEMOUNT, BC

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PORT BROWNING MARINA SOUTHERN GULF ISLANDS, BC

UÊ >LÕ ÕÃÊ ÀÌ Ê*i `iÀÊ Ã > `Ê V>Ì UÊ* «Õ >ÀÊ >À >ÊÀià ÀÌ UÊ"Vi> ÊÛ iÜÊÀiÃÌ>ÕÀ> ÌÊ> `Ê«ÕL UÊ > « }Êv>V Ì iÃ]Ê« Ê}ÕiÃÌÊV ÌÌ>}ià UÊ ÓäÊviiÌÊ Vi> vÀ Ì UÊ Àià ÀiÊ i>ÃiÊEÊÎ]äääÊvÌÊ vÊÜ >Àv UÊ$4,800,000

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HORSETHIEF CREEK RANCH INVERMERE, BC

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B12 Recreational Real Estate HOT PROPERTIES

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

FOR SALE - On Bird River, MB

Overwhelming Views

Why Harrison?

Nestled against Southwestern British Columbia’s magniďŹ cent mountains and the sandy beaches of Harrison Lake, Harrison Village is your local destination ďŹ lled with a rich history and natural wonders, including our world famous BC Hot Springs. Known for its leisurely days and friendly ways, offering nature, art, entertainment shopping and food.

Approximately 80 minutes northeast of Winnipeg on the Bird River. This classic lodge is world famous for trophy bear and deer hunting. Located 1/4 mile from a Department of Transportation certified airport runway. Suitable for church camp, corporate retreat, training centre or private retreat. Commercial kitchen. Games room, sauna & conference room. Thirteen bedrooms, sleeps 27 plus master bedroom & ensuite. Approx. 6900 sq. ft. on +/-2 acres. Asking $1.85M.

Len Westwood Sales & Leasing Associate

Direct:

s BEDROOMS BATHROOMS s SQ FT OF LIVING SPACE s SQ FT GUEST SUITE s 3HOWPIECE CAR GARAGE s FEET OF WATERFRONT

204-928-5008

s 3TAMPED CONCRETE BOAT LAUNCH s FEET PRIVATE BOAT DOCK s 26 PARKING s #OVERED HOT TUB DECK

$1,888,000 Virtual tour at www.6565-rockwell.ca

"OB 0LOWRIGHT $ON 3PICE s 2% -!8 "/" 0,/72)'(4 2%!,49 +RISTEN /g#ONNOR s 2% -!8 .9$! 2%!,49 6EDDER 2D #HILLIWACK "# 6 2 ' www.bobplowright.com bob@bobplowright.com s

len.westwood@dtzbarnicke.com

PH: 204-928-5000 • www.dtzbarnicke.com

FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.

1-800-661-6988

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www.westerninvestor.com

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Alberta B13

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

Pam Gill

(780) 455-4088

Val Toffoli

Phone: 780-707-9395

www.apartmentsinedmonton.com

EDMONTON

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

Selling Edmonton since 1987

REALTY EXECUTIVES POLARIS

• 2 Units – Full Side by Side Bi-Level Duplex. Great West End Location. Needs some TLC & priced Accordingly!

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

• 12 Ste Character Bldg. Owner Managed & Well Maintained. Large Stes. Central

For More Information Contact:

4107 - 99th Street, Edm, AB T6E 3N4 Email: vtoffoli@shaw.ca • www.valtoffoli.com

MULTI-FAMILY APARTMENT BUILDINGS:

• 12 Ste 2 Blks to College & New Proposed Arena; 1 Blk to LRT & Walking Distance to Downtown. Great Curb Appeal. Under $70,000/ste!

AN INDEPENDENT MEMBER BROKER

• 15 of 26 Condo Units Available. Central – Walk to Downtown. Buy 1-2-3 or all. Great First time Investment Opportunity!

YOUR ADVANTAGE IN ALBERTA

• 17 Ste CONCRETE Apt Building. New Balcony Railings; a lot of New Windows; Several Stes Substantially Upgraded. A few Blks from the Yellowhead. N Ctl location.

FIRST CLASS HOTEL IN GREAT CITY •Asking: $27.5M, •Revenue is about $6M •Premium 176 guest rooms & suites around 1acre garden court yard •8 meeting rooms/Banquet facility •Lounge and leased out restaurant & spa on 5 acres of land SHOPPING PLAZA, HOTEL IN BIG CITY •Asking: $14.9M •REV: $2.3M: Hotel: $1,110,695; Rental: $513,253; Others: $669,734 •48 oversized rooms plus 20 tenants and other big rev. income source •Located in big city downtown core with 4.9 acres of land and 102,000 sq. ft. building.

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

WANTED:

APARTMENT BUILDINGS Have QualiďŹ ed Buyers Ready to Purchase!

FRANCHISE MOTEL NEAR CALGARY •Asking: $5M, •41 room w/ leased Boston Pizza •1.5 Acres, ready to add 20 rooms. FRANCHISE MOTEL IN SOUTHERN ALBERTA •Asking: $4.99M •REV: $1,124,570 •Revenue is very steady past few years during recession •48 rooms with client base from Provincial & Federal employees, tourists and oil, gas & agriculture. MOTEL IN B.C. •Asking: $5.09M •REV: $1,373,000 •81 Rooms w/Leased Restaurant & Lounge •Waterslide, Sauna, Pool •Located Trans Canada highway with amazing view •Under renovation for Franchise ag HOTEL WITH RESTAURANT & LOUNGE •Asking: $4.99M •Located in very busy Oil, Gas, Forest & Tourism in AB •62 Rooms, 100 seat Restaurant, 110 seat Lounge, 9 VLT's TRUCK STOP & RETAIL SPACE IN CALGARY •Asking: $13.5M •Travel facility comprising 45,700 sq ft on a 16.6 Acre site, provides for future re-development •Strong sales with long history and 19 tenants including national brand name CAR WASH NEAR CALGARY •Asking: $3.89M •Revenue: $700,000 •7 bay and 1 auto. •Year: 2004. RV SALES PROPERTY •Asking: $2.0M •Triple Net: $108,000, 5 yr and 5 yr option •4.23 Acres of Hwy commercial land with 7200 sq ft building •Located surrounding development area in central AB

MAXWELL

SOUTH STAR REALTY • www.leechoonho.com FRANCIS LEE, Associate Broker

IC & I Full Commercial Member • Manager Business & Investment Div

For More Details

Tel: 403-253-5678

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

-*()5 0*-'*&-% (&/&3"- 536$,*/(

#64*/&44 '03 4"-& &%.0/50/ "3&" 4 Trucks and 4 Trailers. Well maintained and in good condition. Customer base AB, BC, SK. Good revenue and easy to operate. Financial Statements available to qualified buyer. Owner wishing to retire but willing to train and stay on part time. $250,000.

For more Information Please Call:

780-718-4664 or 780-929-8030 Email: bushwacker@shaw.ca

• A Superb 103 Room Limited Service Hotel, featuring a number of unique features, no differed maintenance, plus excellent curb appeal and exposure, well located in a region of tremendous economic diversity that should provide a signiďŹ cant degree of operational upside going forward. Asking $13,200,000.

VISIT OUR WEBSITE AT: www.calgaryland.net

LIMITED SERVICE FRANCHISE MOTEL •Asking $7.6M •3 years old, 4 storey, 60 rooms •Swimming Pool w/water slide •Situated with excellent exposure in big city, AB

BOBCAT DEVELOPMENT 780-722-4156

CURRENT OFFERINGS

FRANCHISE MOTEL NEAR CALGARY •Asking: $13M, •103 room, 4 storey •Revenue: $2.3M (2011 - Projected $3M) •High visibility from hwy. •Business is increasing & the best location w/just 2 yrs old & growing MONEY MAKING FRANCHISE MOTEL •Asking: $9.8M •REV: $3,158,106 •3 yrs old, very busy location •Limited Service, 85 Rooms, located in very busy city

EDMONTON LAND

$"-("3: "3&" %&7&-01.&/5 -"/%4 ROCKY MOUNTAIN HOUSE Golf Course, Campground and Development Land. 303 Acres, Zoned Recreational $3.79 Million ROCKY VIEW 160 Acres on County Hills Boulevard $5.6 Million EAST CALGARY - 17TH AVE SE 160 Acres near Stoney Trail $20 Million EAST CALGARYY - 84 St. NE near Stoney Stoney Trail 160 Acres near $32 M illion Million EAST CALGARY - 17 Ave SE 13.52 Acres Stoney Trail Frontage $6.76 Million CHESTERMERE - SIERRA VISTA Single & Multi Family, Retail, Golf Course, Area Structure Plan. 5-7 Units Per Acre 53 Acres - $6.9 Million 88 Acres - $11.5 Million 140 Acres - $18.2 Million 160 Acres - $20.7 Million

KEVIN MOORE (403) 617-2846 XXX DBMHBSZMBOE OFU

-FHBDZ 3FBM &TUBUF 4FSWJDFT -BOE %FWFMPQNFOU BOE .BSLFUJOH $PNQMJNFOUBSZ -BOE 0XOFS $POTVMUBUJPO

• A Flagged 102 Room Full Service Hotel well located in a prime commercial area of a dynamic city, the stellar performance of its operation is attested to by its continuous outstanding growth in revenues, plus substantial up-side potential. Asking $12,900,000. • A Flagged 95 Room Limited Service Hotel consisting of a variety of suites, well located with highway exposure and surrounded by a substantial number of conveniences, continued superb revenue performances that yield substantial N.O.I. that ultimately result in excellent return on equity and investment. Asking $13,900,000. • A Flagged 96 Room Hotel featuring an excellent room/suite mix, plus some unique outstanding features that will undoubtedly Enhance its performance going forward, very good ďŹ nancing is in place, the location is great, the up-side potential is very good. Asking $15,500,000. • A Flagged Full Service Hotel, well located with highway exposure in a very diverse economic area, attested to by its continuously strong revenue performances; further, it currently has exceptionally good mortgage ďŹ nancing that may be assumed. The up-side potential of an investment is this Hotel is very good. Asking $29,000,000. • 4.6 Acres of Vacant Prime Commercial Land available for immediate Development in a most sought after location with main artery exposure and very high daily vehicle trafďŹ c count, priced for immediate sale at an asking price of $3,910,000. • Located in a very popular Ski Resort A New Deluxe 2 - Bedroom Condo consisting of 2 bathrooms, ďŹ replace, cable among the many other superb Features, plus the many amenities such as swimming pool, sauna, ďŹ tness center, indoor parking to name a few within the Building Complex. Immediate possession available, a great buy with cash to an existing mortgage of $330,900 more or less, at the Asking Price of $499,000.

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

B14 Alberta

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

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

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

Businesses/Commecial Real Estate For Sale Esso Gas Station, Car Wash – Land and Building Only for Sale. 2 Locations available. Call for details. Financing Available. Truck Wash & Quick Lube, Hinton, AB – Business and Ppty for Sale. Great proďŹ ts and income. Only 5 years old. Sales of over $850k. Asking $500k for business. Land & Building for $2MM ATV Dealership – Largest power sports dealer in Alberta for sale. Asking $1.6MM. Sales of over $7MM. Land & Building available as well. Seller ďŹ nancing available. Laundromat, Spruce Grove – Business and property for sale. Asking only $380k.

THE REALTY COMPANY

(780) 452-2700

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

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

780.469.4769

VR Business Brokers

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

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

MAKE MORE DEALS 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. â–˛

SEPTEMBER AD DEADLINE: AUGUST 15TH Report: Residential investing Financing: apartment blocks Bulk condo buying REITS in residential Condo hotels Franchise News Recreational Properties Regional Roundups: BC: Victoria SK: Prince Albert MB: Thompson Spotlight: Canmore, AB

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Alberta B15

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

EDMONTON & AREA OPPORTUNITIES

'SVTUSBUFE 8JUI #BOLT

COMMERCIAL

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

MORE LISTINGS ARE AVAILABLE PLEASE CALL

Jun Choi for Details

Cel: 780-722-2570 • Email: junchoi@live.ca

Omega Corporate Finance

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

G 50% PENDIN

TM

"We begin where the banks end"

Call for a no obligation capital structure analysis 1-866-240-4808 www.corporate-ďŹ nance.ca

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

$BMM .JLF (FPSHF PS #JMM 4DIPFNBLFS

Fall 2011

• 30' High Buildings

www.property-solutions.ca

Each office is independently owned and operated.

BRIAN PAGE 780-233-8438 bkpage@telus.net

PAGE REGAN

ROB REGAN

Land Development SALES RE/MAX Real Estate 780-488-4000

780-490-9324 ar_ar@shaw.ca

www.albertainvestorsgroup.com

WHITECOURT, AB s 74 ROOM FULL SERVICE HOWARD JOHNSON HOTEL ,ARGE BANQUET ROOM MEETING ROOMS RESTAURANT LOUNGE AND NITE CLUB Judicial Sale Price: $2,250,000 s 4.4 ACRES SERVICED LAND DOWNTOWN &OR STRIP MALL $2,200,000 s ()'(7!9 !#2%3 7ITH OLDER ROOM MOTEL IDEAL FOR RE DEVELOPMENT $709,000

Beijing, China Investment Property Show UĂŠ5000 invited investors, over 100,000 investors to attend! UĂŠĂŠ ÕÀÀÞÊ-iÂŤĂŒĂŠÂŁx‡£n]Ă“䣣ĂŠ ÂˆÂ“ÂˆĂŒi`ĂŠ-ÂŤ>Vit UĂŠĂŠ …ˆ˜>ĂŠÂ˜ÂœĂœĂŠÂ…>ĂƒĂŠĂ“Â˜`ĂŠÂ?>Ă€}iĂƒĂŒĂŠÂŤÂœÂŤĂ•Â?>ĂŒÂˆÂœÂ˜ĂŠ ÂœvĂŠÂ“ÂˆÂ?Â?ˆœ˜>ÂˆĂ€iĂƒĂŠ>˜`ĂŠ>Ă€iĂŠÂ?œœŽˆ˜}ĂŠĂŒÂœĂŠ invest abroad UĂŠĂŠ7iĂŠ>Ă€iĂŠÂ?œœŽˆ˜}ĂŠvÂœĂ€ĂŠÂˆÂ˜Ă›iĂƒĂŒÂ“iÂ˜ĂŒĂŠ ÂŤĂ€ÂœÂ?iVĂŒĂƒĂŠĂŒÂœĂŠĂŒ>ÂŽiĂŠĂŒÂœĂŠĂŒÂ…iĂŠ iˆÂ?ˆ˜}ĂŠ/Ă€>`iĂŠ-Â…ÂœĂœt

SELL YOUR PRODUCT IN CHINA !! ASK US HOW ! HURRY ! LIMITED BOOTH SPACE !!

Call Leo Zelinski at 780-778-1207

1-800-248-4843 leozelinski@remax.net RE/MAX Advantage WCT www.whitecourtrealestate.com

LIQUOR S TORE For Sale in Calgary, AB Owner Says:

“Sell it!!� Glen Godlonton RE/MAX Realty Professionals

Bringing Alberta Investment Opportunities to the Chinese Market Place

Glen@Godlonton.com 403-829-9500

Each office is independently owned and operated.

B16 Alberta

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

CAPITALIZE

ON EXPERIENCE BARCLAY STREET REAL ESTATE

FOR SALE

INVESTMENT OPPORTUNITIES FROM

FOR SALE

FOR SALE

OFFICE/RETAIL SUNPARK PROF. CENTRE 40 Sunpark Plaza SE,Calgary BUILDING

RESTAURANT PROPERTY

s /WNER USER INVESTMENT OPPORTUNITY

s #LASS @! BUILDING

s &ULLY RENOVATED IN

s ,OCATED ON THE SOUTHWEST CORNER of 14th Street and 6th Avenue NW intersection. Ideally situated to take full advantage of 14th Street NW which serves as major artery connecting Calgary’s north and south.

s 4HREE STOREY MULTI TENANT CONDOMINIUM titled office and retail building

s -AIN FLOOR TOTAL SQ FT /WNER operated liquor store - approx. 2,350 sq. FT 3ECOND FLOOR APPROX SQ FT

OFFICE BUILDING

WESTSIDE PLACE 625 14th Street NW, Calgary

s #URRENTLY LEASED TO FOUR TENANTS

For more information or to view, please contact:

s UNDERGROUND AND SURFACE parking stalls

6107 104TH STREET Edmonton, Alberta

s 3ITE SIZE n ACRES

s ,OCATED IN 3UNDANCE "USINESS 0ARK which has close to 1,000,000 sq. ft. of office and retail.

s ON SITE PARKING STALLS For more information or to view, please contact: DOUG GRINDE

For more information or to view, please contact:

dgrinde@barclaystreet.com

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

RYAN SWELIN

KELLY CARVER

JEFF ROBSON

rswelin@barclaystreet.com

kcarver@barclaystreet.com

jrobson@barclaystreet.com

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

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

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

FOR SALE

DOWNTOWN RETAIL/OFFICE BUILDING

FOR SALE

OFFICE BUILDING

ITHACAN BUILDING

DEERFOOT COURT

n TH !VENUE 37 #ALGARY !LBERTA

n !VENUE .% #ALGARY !LBERTA

s 4HE 0ROPERTY IS CURRENTLY LEASED TO TENANTS s 4HE BUILDING CONTAINS A TOTAL NET RENTABLE AREA OF sq. ft. with retail tenants on the main floor and an office tenant on the second floor. s 3ITE SIZE n ACRES FEET FRONTAGE ON TH !VENUE 37 s REAR SURFACE PARKING STALLS s %ACH SUITE HAS THEIR OWN IN SUITE MEN S AND WOMEN S washrooms.

s $EERFOOT #OURT CONSISTS OF TWO buildings of approx. 37,000 sq. ft. each for a total gross rentable area of approx. 74,000 sq. ft. over three stories of structure. s 3ITE SIZE n ACRES FEET frontage on 29th Avenue NE s SURFACE ENERGIZED PARKING STALLS

For more information or to view, please contact: RICHARD LEWIS RYAN SWELIN

rlewis@barclaystreet.com rswelin@barclaystreet.com

COMMERCIAL REAL ESTATE

SOLUTIONS

For more information or to view, please contact:

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

RICHARD LEWIS RYAN SWELIN

rlewis@barclaystreet.com rswelin@barclaystreet.com

Office, Retail, Industrial

Land, Investment

SALES AND LEASING

SALES

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

Property Management

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

WWW.BARCLAYSTREET.COM

B17

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

FEATURE Spruce Grove construction permits – mostly for malls – running at over $4 million per month

WESTERN INVESTOR here’s a lot more in Edmonton’s western suburbs these days than single-family homes owned by commuters.

5

Evidence of that fact is tangible along Highway 16A, where construction activity bustles and signs announce pending openings. Indeed, Spruce Grove is in commercial boom mode, with permits issued for over $21.5 million in new retail, industrial and office buildings in the first five months of 2011. To put that number in perspective, new commercial buildings only hit $7.66 million for all of 2010, and $20.4 million in 2001, the city’s previous best year by a long shot. In fact, non-residential building permits in the city account for roughly 43 per cent of permit value for the first five months of this year – a hefty feat in the ’burbs. “There’s a lot of commercial building activity underway here in Spruce Grove right now. It sort of kicked off in the second half of 2010, and certainly through 2011 and well into 2012 we’re anticipating a lot of commercial investment,� explained Dave Walker, Spruce Grove’s manager of economic and business development. Retail and construction jobs in Spruce Grove make up a comparatively high proportion of employment in the city, relative to the rest of the Edmonton-area’s communities, and that’s also not likely to change as both the Century Crossing and WestWind Centre projects move forward while Spruce Grove continues to grow by upwards of five per cent annually.

What does Spruce Grove have to offer to investors and new residents alike? A variety of opportunities. For investors, there’s the growing trade catchment area. As an expanding urban centre on the west side of Edmonton, Spruce Grove is in a great location to grab retail dollars from folks west and northwest of Edmonton. Spruce Grove straddles the two branches of Highway 16 – Alberta’s northern Trans-Canada route – and those two branches carry thousands of vehicles per day. Shoppers north and west of the capital don’t need to deal with Edmonton’s traffic hassles to enjoy more consumer choice. As well, Edmonton’s northwest ring road project (Anthony Henday Drive) is nearing completion, and soon Spruce Grove destinations will be more easily accessed from the north side of Edmonton as well as St. Albert. Spruce Grove officials now peg the community’s primary trading area at 70,000, but view its secondary trading area population at 245,000. It’s no wonder it now offers 1.4 million square feet of commercial space, even without Century Crossing and Westwind Centre.

$FOUVSZ $SPTTJOH

Century Crossing, a project from Camgill Enterprises Ltd., is much further along, with the 40-acre development welcoming new commercial tenants this summer in a section of the project that includes a large new Shoppers Drug Mart location. Save On Foods will open in 2012, and more big names such as Winners and SportChek 0QQPSUVOJUJFT The city’s population grew by 5.7 per cent in will follow farther east. The early focus of 2010 to 24,646, and its annual growth rate over Century Crossing, situated on the eastern edge the past 10 years has been around 5 per cent. of the city along the north side of Highway

Photo: Camgill Enterprises Ltd.

DAVE HUSDAL

Photo: City of Spruce Grove

3FUBJM SVTI

LEFT: Forty-acre Century Crossing retail project by Camgill Enterprises Ltd. has signed up big tenants including Shoppers Drug Market and Winners. TOP: Spruce Grove’s construction pace is setting a record pace in 2011 as it becomes a regional retail and service centre.

16A, is retail, but plans for the development development on the highway from 149th Street include everything from a cluster of office in Edmonton all the way out to Edson.� City council still needs to approve an area buildings to multi-family residential developstructure plan for WestWind Centre, with an ment. Right now, says Walker, Century Crossing approval possible this fall, and construction is responsible for roughly 75 per cent of the likely in 2012 for the commercial component. value of new commercial building permits in Spruce Grove. *OEVTUSJBM Three kilometers to the north, the other While Spruce Grove is certainly expanding as major commercial growth pocket in Spruce a retail service centre, it’s a lot more than that Grove is also taking shape where Century Road in terms of business. The city boasts six indusintersects with Highway 16, the higher-speed trial parks employing over 2,000 people. They route. work in growth industries such as transportaWestWind Centre, fromWAM Development tion and logistics, warehousing, oilfield service Group, is scheduled for about 30 acres of com- and food processing. mercial development, and roughly 130 acres of “I think there’s a bit of perception that Spruce future residential and mixed-use growth. Grove is essentially a bedroom community. It’s It will up the city’s visual exposure on actually a lot more than that. It’s actually got Highway 16, known as the Yellowhead a relatively well-diversified economic base. Highway, on its north flank. There’s a very strong commercial presence. It’s “It’s an important development for Spruce a regional service centre,� explained Walker, Grove, because it’s sort of going to be our noting local industrial parks are home to 200 window on the Yellowhead Highway,� noted companies. Walker. Which is why developers have historically “It’s going to be the only full-service commercial Please see On Spec page B18

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Fully serviced lots with excellent highway exposure • 7 minutes north of downtown Fort McMurray • Direct access to Hwy 63 • Highway commercial zoning • Ready to build

B18 Alberta

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

EDMONTON Apartments/Investments APARTMENTS •21 Units,NAITArea..... $1,850,000 •22 Units,South............ $2,500,000 •15 Units, walking distance to NAIT, Strata Title not registered$1,500,000 •33 Units, 2 blocks to Grant MacEwan College, OFFERS ............$3,500,000

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

COMMERCIAL / INDUSTRIAL •2.75 ACRES Industrial land Northwest......................$1,375,000 •4 QUARTERS of land approx., 60 miles NW of Edmonton. Must be sold together ..........Total Price $600,000 •NEW, 10 Condo Warehouse just west of Edmonton, 2,000 sq. ft. bays and mezz. .........................$350,000/bay •NEW, SPRUCE GROVE 3 remaining Condo Warehouses. 1,700 sq. ft. bays, great curb appeal ......$334,900/bay

Contact: Frank Hickey

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

For Additional Information

Call LAWRENCE STEINKE & COMPANY REALTY LTD.

Ph: (780) 447-9009 steinkeandcompany@gmail.com

0/ 41&$ from B17 been willing to put up new buildings on spec in the community 15 minutes west of Edmonton. While that changed somewhat during the slowdown in 2008 and 2009, said Truda Lachman of Greystone Property Management Corp., companies such as Camgill kept building at Century Crossing. “Camgill is one of the few that never slowed down,” Lachman said, noting it managed to find tenants even as new structures were going up. Still, the local market isn’t full of spec building just yet. “Most builders right now would like to have a tenant or a couple of tenants in hand before they start moving dirt,” Lachman explained.

-PX MBOE DPTUT

Other things play favourably for Spruce Grove and its investors: land costs among them. An acre of serviced industrial land in Spruce Grove currently runs at around $325,000 to $350,000. That’s considerably less expensive than $450,000-per-acre in industrial parks south of Edmonton, and a bargain next to the $800,000 for an acre in southeast Edmonton’s heavy industry belt, noted Walker. With pending transportation system improvements (the northwest section of the Anthony Henday ring road nearing completion and the northeast section to be finished in 2016), there’s never been a better time to locate to Spruce Grove.

2VJDL GBDUT 2

6

SPRUCE GROVE ✪

St. Albert Fort Saskatchewan Sherwood Park 14 16 EDMONTON

Stony Plain 2

Red Deer

Calgary

4QSVDF (SPWF "# Population 24,676 10-year growth rate 5.2 per cent per year 2010 building permits $155.4 million Industrial land $325,000 to $350,000 per acre Industrial rent $8-$12 per square foot for Class B Office lease rate $22 per square foot Retail lease (new) $20-25 per square foot

Transportation and logistics is seen as the city’s number one growth industry, but tourism plays a role. The latter sector will get a boost – likely later this year – when the city is expected to announce a deal to sell land beside its TransAlta Tri-Leisure Centre to a hotel developer for a 100-plus-room hotel and conference centre, Walker said.◆

Colliers International 3555 Manulife Place, 10180 – 101 Street Edmonton, AB T5J 3S4

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

Accelerating success. Retail Investment Opportunity

15 UNITS PRICE REDUCED

14 UNITS NEW LISTING

16,164 SF RETAIL BLDG

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

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

15 UNITS AVAILABLE

50 UNITS SOLD

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

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

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

www.colliersmn.com\edmontonapartments

Amit Grover

Jandip Deol

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

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

Land & Building Opportunities

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

PONOKA LUBE-X BUILDING 4714 - 50 STREET, PONOKA, AB 2,512 sf freestanding building, strong Covenant Tenant, 2011 Rental income - $65,000 with annual rent increases

PONOKA TOWNE CENTRE 5011-48 Avenue, Ponoka, AB 26,782 sf fully leased retail complex with 5 tenants, Anchor Tenants: The Bargain Shop, Medical Clinic, Pharmacy, Year I Income - $298,367 Price: $3,500,000

Casey McClelland Mark Swaenepoel 30,000 SF BUILDING

2-12,000 SF BUILDINGS

Ponoka, AB 7 acres, Highway 2 exposure

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

80 ACRES Parkland County, AB Country Residential, preliminary development plan available

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

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

DIR +1 780 969 3003 casey.mcclelland@colliers.com

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

Parkland County, AB Country residential development east of Stony Plain

Grande Prairie, AB New hotel, 90 rooms, increasing. $9,200,000

Beaverlodge, AB Two properties, 60 rooms, gross revenue of $3.6 mil. $5,500,000

WEST COUNTRY INN

DAYS INN

7,500 SF OFFICE

Drayton Valley, AB Limited service, 52 rooms, built in 2005, good 2011 occupancy. $4,100,000

Dawson Creek, AB 80% occupancy rate for past 2 years, 85 rooms. $11,150,000

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

ECO PARK

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

Fort McMurray, AB Pre-selling & pre-leasing industrial bays, 2,000 - 43,000 SF, on Hwy 63 N., adequate parking, T5 lighting, radiant heating, and bay doors

10020 MacDONALD DRIVE Fort McMurray, AB Proposed office development on 36,400 SF lot, zoned C5, currently a movie theatre

RESIDENTIAL CONDOMINIUM SITE

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

MOOSE CREEK HOTEL Edson, AB 9 rooms, bar with VLTs, lounge & liquor store. $950,000

Kuusamo Developments Fort McMurray, AB 5 bays sold or leased, only 5 bays remain

Fort McMurray, AB 24-unit development permit

145 MacMILLAN RD.

22,000 SF INDUSTRIAL BUILDING

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

Fort McMurray, AB Fully leased

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

Fort McMurray, AB

BEAVERLODGE MOTOR INN

Edmonton, AB Whyte Avenue (82nd ave), for sale or lease

7 ACRES LAND

25.48 ACRES OF INDUSTRIAL LAND

Hotels DAYS INN

155 ACRES

Fort McMurray Opportunities

Located on Hwy 69 close to the planned airport terminal

INDUSTRIAL BAYS Fort McMurray, AB 12,978 SF, for sale or lease

Ken Shebib MOB DIR

+1 780 863 7355 +1 780 881 6297

ken.shebib@colliers.com

Land Opportunities RED DEER LAND

WABAMUN LAKE LANDS

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

151.93 Acres on Lake Wabamun 2,600 feet of prime shoreline property 9.09 Acres Zoned CR 142.94 Acres zoned AGG Price: $2,920,000

Mark Swaenepoel

Rick Argue

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

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

Alberta B19

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

"MCFSUB

Airdrie annexes 12,600 acres

A

lberta’s fastest-growing southern city outside of Calgary should have far more land to build on come 2012. That’s when the City of Airdrie expects to formally annex more than 12,600 acres of land under a deal reached with surrounding Rocky View County. Both municipal councils approved the deal in late spring. The province’s Municipal Government Board will consider the proposal once it is formally submitted. The deal will allow Airdrie, which straddles Alberta’s busiest highway, more land to grow commercially, industrially and residentially. The city’s population hit 39,822 in 2010, more than double what it was in 2000. Its annual rate of growth slowed to 4.54 per cent last year, but had been running at more than 8 per cent in each of the three previous years. The deal covers land to the west, north and east of Airdrie’s city limits. It will not expand the city to the south, where Rocky View’s assessment base is supported by the massive Cross Iron Mills shopping complex and industrial and commercial development nearby. Airdrie is located 10 minutes north of Calgary on Highway 2.

’Hat council nixes arena

T

he likelihood of a major event centre going up on Medicine Hat’s north side seems even more remote following a key vote by the southeast Alberta community’s city council in late June. Medicine Hat council voted 8-1 to defeat a proposal that would have seen the city pony up $51.5 million in its own funds for a $94.5 million event centre – a facility that would be far beyond a new arena for the Medicine Hat

Tigers of the Western Hockey League. Under the scheme rejected by council, the rest of the cash would have had to come from a mix of federal and provincial grants, as well as fundraising and borrowing. As of late June, the federal government hadn’t even signed on to the project – and the fact that Medicine Hat’s mayor ran as a Liberal in the recent federal election may not help woo the Harper Conservatives to open the vault. Alderman Graham Kelly was one of many politicians with reservations about spending more than $50 million in city funds on the project. “Taxpayers are nervous,� Kelly told the Medicine Hat News. “They know the recession isn’t over. They know the price of natural gas is lower than it has been in years.� Kelly has suggested the city could build a scaled-down new arena for $30 million.

Edmonton investing in Quarters’ refit

A

lberta’s capital city will spend $56 million to revitalize part of its downtown known as the Quarters. The cash will come from a community revitalization levy on new assessment that results from the 20-year project. The province will also need to sign on to the deal. The city is showing strong leadership by investing in its future,� said Gary Klassen, general manager of the city’s sustainable development department. “The key factors for a vibrant downtown are coming together: significant mixed-use development, expanded LRT, wide-ranging professional and retail services and incredible cultural facilities.� Others in Edmonton’s administraion echoed his comments. “We are transforming our downtown to be home to great economic growth and we invite investors to join us,� says Walter Trocenko, manager of housing and economic sustainability with the city. The city has also embarked on the redevelopment of the former City Centre airport lands, just north of the downtown.

'JSF SBWBHFE 4MBWF -BLF DIFFSFE CZ 3PZBMT¤ WJTJU

T

he Alberta government and the fire-ravaged Town of Slave Lake have contracted a supplier to acquire, install and manage up to 350 modular homes for families who lost their homes to a devastating wildfire in late May. Municipal Affairs Minister Hector Goudreau said the government is committed to working with local leaders to increase the supply of housing in the short term and long term The Duke and Duchess of Cambridge, Prince for the resource town northwest of William and his wife Kate, tour post-fire Slave Lake with city and provincial officials. Edmonton. The town has been divided into four zones according to how badly it was damaged, Slave Lake Mayor Karina Pillay-Kinnee told a June 20 public meeting. She said construction would begin shortly in the least-damaged parts of town. The meeting followed a tour of the town by the Duke and Duchess of Cambridge, who met with officials, firefighters and delighted local residents. It will be at least three and perhaps as many as six months before people in the completely devastated neighbourhoods can start rebuilding. It’s estimated about half of the community was destroyed when wind-driven wildfires blazed through the town, burning down more than a third of the homes, along with the town hall, government centre and library. Officials say 374 properties were destroyed and 52 others damaged in the fire. People had little warning and many residents escaped with just the clothes on their backs. Rental rates for the temporary modular accommodations will range from $1,000 per month for a two-bedroom home to $1,250 per month for a four-bedroom unit. To donate to the Slave Lake rebuild, visit www.rebuildslavelake.com. Photo: Joe McWilliams/Lakeside Leader

8 ) "5 ¤ 4 ) " 1 1 & / * / ( * /

“Improved housing demand is being fueled by a younger demographic and with the affordability of homes in Calgary, we are continuing to see young Calgarians pursue ownership over rentals,� said Sano Stante, president of the CREB. “Condo sales bounced back this month, and we now have less than four months of supply on the market. Combined with a decline in inventory, this will lend more balance in the market in the months to come,� Stante said. “Improved job prospects combined with an increase in the number of people moving to Calgary will give lift to our housing market for the remainder of this year and into the next,� Stante predicted.◆ – Compiled by Dave Husdal

Calgary condo sales pick up

A

ccording to the Calgary Real Estate Board, June condo sales were up 31 per cent over June 2010. The average price of a condo was also up slightly over 2010 to $296,501, though the median price was down about $5,000 from the same time last year to $265,000. Median and average single-family home prices, meanwhile, remained virtually unchanged from a year ago, with the median price set at $417,250 in June 2011, only $750 less than in 2010.

MOBILE HOME & R.V. PARK 125 sites showing in excess of 10% net return. There is approx. 1,000 lineal ft. of frontage to the Trans Canada Highway, with a full egress road, and is directly across from a new mall & new casino. Property is being annexed into this booming oil & gas City of Swift Current, Sask. Ideally suited to commercial retail development in this highly visible location of drive by trafďŹ c. A super property, with substantial latent value.

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

t t

Single and multi-family residential developments

Price reduced to

$1.6 Million

Owner might carry some 2nd mortgage ďŹ nancing

Mt. Sentinel Realty Ltd. W. TymoďŹ evich (Water T.)

Commercial, industrial and retail developments

250-487-1585

mt.sentinel@shaw.ca

t

Refinancing / acquisitions

t

Construction / land servicing

ALBERTA IS AGAIN MOVING!

t

Bridge loans

MOTELS & HOTELS

t

Income producing properties

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

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

operation) upgraded and very clean, Asking $1.1M. HARDISTY New 44 unit Motel. NAMPA, ALBERTA in busy boom town, 16 unit motel, 100 seat lounge, VLTs, liquor store and restaurant. PRICE REDUCED TO $990,000! CAMROSE ALBERTA 68 room, full services Hotel. REDUCED - NOW $4.0M.

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

≼ FULL SERVICES 63 Unit Motel with Rest., Pub, Liquor Store. Shows excellent Rev. Ask $7.7M

OTHER INVESTMENTS

≼ DAYSLAND Convenience store and Gas Bar., ≼

Mechanical shop, all located on a 1.5 acre parcel with residence. Shows good revenue. Asking $375,000. ROUND HILL ALBERTA Fully renovated and exceptionally clean hotel with tavern, 8 rooms, pool table, Lg TV screen, kitchen facilities. Great Ma and Pa operation. Asking $550,000.

FOR MORE INFORMATION CALL OREST: 780-679-8353 FAX: 780-672-1897 CAMROSE, ALBERTA

B20 Alberta

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

SOUTHERN ALBERTA RANCH Great opportunity to own one of the best ranches in Southern Alberta, 15,000 acres deeded 1473 irrigated 8 pivots, 28,752 AC grazing, lease, resource income $80,000 per year, 2 yards, 4 homes, Milk River through property, lots of wildlife.

Avison Young Real Estate Alberta Inc.

partnership. performance.

The Avison Young Edmonton Investment Team is proud to present our new website:

www.ayeinvest.com

Call Bernie Schmid 1-877-223-3658 or 403-642-7033

RE/MAX Real Estate Lethbridge Ltd

Visit us for sale listings, market information and the latest commercial real estate news MULTI-FAMILY, RETAIL, OFFICE AND INDUSTRIAL INVESTMENT OPPORTUNITIES

780.428.7850

Each office is independently owned and operated.

GOLDEN OPPORTUNITIES IN CENTRAL ALBERTA

INVESTMENTS CALGARY AREA

UÊÊMobile Home ParkÊÜ Ì ÊnäÊi } iiÀÊ`ià } i`Ê ÌÃÊ Ê$3,500,000

U 64 seat restaurant in fast growing community north of Calgary, price includes land, building & equipment

UÊÊ ÊLake HomeÊ iÊ Ê Ì iÀÊ iÃÌ i`Ê Ê ÕÀ ÃÌ V Ê > iÊ Ê$1,650,000 UÊÊResidential LotsÊÀi>`ÞÊÌ ÊLÕ `Ê Ê qÊÃÌ>ÀÌ }Ê>ÌÊ$87,000

Call CARL STEPP cell: 403-358-9300 www.sylvanlakehouseguy.com

REVENUE OPPORTUNITIES 4-PLEX

UÊTrailer Park 12 unit, plus 7 residential lots – excellent cash flow

IN COLD LAKE PRICE $525,000 FULLY OCCUPIED

UÊ AIRDRIE – 5000 sq.ft. industrial bay for sale with makeup air unit & inferred heaters UÊ 2500 sq. ft. industrial bay for lease

RE/MAX real estate central alberta

LAND FOR SALE 10 ACRES IN THE HEART OF SPRUCE GROVE

UÊ 137 acres industrial land annexed into Crossfield, services close by, ready to be developed – excellent potential UÊ 141 acres annexed into Crossfield, excellent potential UÊ 132 acres highway #2 frontage, 20 minutes north of Calgary – call today

GREAT

UÊ 279 acres located next to Crossfield – possible development possibilities C/S

1.1 ACRE PAVED

LOCATION/REVENUE

LOT. 16,800 SQ.FT.

UÊ ¾ acre industrial land for lease

UÊÊ£ääxÊ > > Ê, >`]ÊÊ -«ÀÕViÊ À Ûi UÊÊ V>Ìi`Ê ÊÌ iÊ ÀÌ ÜiÃÌÊÊ V À iÀÊ vÊ À ÛiÊ À ÛiÊ> `ÊÊ

> > Ê, >` UÊÊ VÀ ÃÃÊvÀ ÊÊÌ iÊ ÃÊÊ vÊ ÕÀÃi UÊ< i`Ê1ÀL> Ê,iÃiÀÛi UÊÊ7>ÌiÀÊ> `ÊÃiÜiÀÊÌ ÊÌ iÊÊ «iÀ iÌiÀ UÊ >ÃÊ iÊ Ê« >Vi

$3,250,000

JILL THOMAS

INCLUDING 2,000

UÊ 137 acres with #2 highway frontage – excellent access UÊ East Balzac – NE of Calgary – 151 acres, 1250 sq.ft. bungalow, 40’ x 80’ Quonset

SQ.FT. MEZ/OFFICE.

LAND & BUILDING ONLY

UÊ BEISEKER – 2.73 acres industrial land, fenced & graveled, presently used for storage. PRICED TO SELL

$1,175,000

4-PLEX

UÊ 320 acres excellent farmland – 20 mins N of Calgary

FULLY OCCUPIED PRICE $519,000

UÊ 151 acres e a s t o f A i r d r i e – PRICED TO SELL UÊ Goalie Equipment & Development Business For Sale For more information on these and other properties

call RE/MAX REAL ESTATE

RE/MAX ACA REALTY

(403) 946-5657

7nä {xn {nääÊÊUÊÊ1-800-537-2676 Jill@jillthomas.com

www.jillthomas.com

DON SACKETT

ACA Realty

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

RE/MAX Cold Lake 2000

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

Each office is independently owned and operated.

Alberta B21

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

OPPORTUNITY IS KNOCKING IN RED DEER! • Great Location • High Visibility • Long Term Government and National tenants • 2 Parking Lots INCLUDED for Future Development

$7.5 Million Glenn Moore Associate C21 Advantage Commercial

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

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

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

www.cwedm.com

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

780-420-1177

investment@cwedm.com

MULTI-FAMILY OPPORTUNITIES •14 units; twelve 2-bdms, northeast; new roof and windows •17 units; central location; concrete construction; new roof and windows. •3.83 acres prime dev. land in Windermere, SW Edmonton •Highrise site on Jasper Ave; 15,000 s.f. across from River Valley; improved with 2 apt. bldgs. (17 units) •Highrise site in Rutherford; 1.02 acres zoned for 105 units in dynamic area •Stony Plain development site; zoned apt. & attached homes •High density dev. sites & apt. opportunities in Wetaskiwin •Country Residential Development Site; 150 acres; near Alberta Beach/Lac St. Anne Apartment product is in demand! Please call for our opinion of value of your building!

CHRISTOPHER KAMPHIUS or RAPHAEL YAU multifamily@cwedm.com

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

burke.smith@cwedm.com

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

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

INVESTMENT SALES

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

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

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

CONTACT DAVID COONEY / DOUG FOGG OR HOWARD McCANN

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

CONTACT DOUG FOGG OR MARK McCANN

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

CONTACT DOUG RAE

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

john.croft@cwedm.com

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

CONTACT HOWARD McCANN OR MARK McCANN

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

CONTACT JEFF McCAMMON OR DOUG BAUER

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

CONTACT JEFF McCAMMON OR DOUG BAUER

Prairie Horizons

SPECIAL REPORT: Alberta, Saskatchewan, Manitoba

"MCFSUB TQBSLT $BOBEB¤T QPXFS TIJGU UP 1SBJSJFT Multibillion-dollar capital city makeover speaks to growing regional confidence DAVE HUSDAL WESTERN INVESTOR

lberta’s capital city is building a man-made lake and a fresh, green neighbourhood for 30,000 people as evidence of the unstoppable power shift in Canada to the three Prairie provinces. Together, Alberta, Saskatchewan and Manitoba are creating more jobs and flexing more economic muscle than any other region in the country. And Alberta is the engine. “The wheels of growth are starting to spin faster,” said a new report from the Royal Bank of Canada. “Doubts that the Albertan economy could reclaim its position as one of Canada’s faster growing provincial economies are dissipating quickly.” Edmonton certainly has no doubts. This spring the city hired Vancouver-basedPerkins +Will from a worldwide architectural competition to lead the master planning for the most audacious urban redevelopment in the country: the 15-month redesign of the former City Centre Airport lands on the fringe of downtown. Edmonton will turn the land into a transitfriendly, green waterfront neighbourhood for 30,000 residents. It will be served by the future northwest LRT line and feature a high-density, pedestrian-friendly, mixed-use development with homes, stores and offices – a fittingly futuristic vision for the capital of the new west. Said city manager Simon Farbrother: “This development will be world-leading ecologically, economically and socially.” The statistics back Edmonton’s confidence: Alberta is leading economic growth in this country, thanks largely to a resource industry that has bounced back with a vengeance. The Alberta government is predicting a

"

manufacturing, fabrication, transportation and the logistics industries. The province has also announced that its deficit for the past fiscal year was far below what was first projected, falling $1.3 billion to $3.4 billion on the strength of lower spending and increased revenue. “We are in the best financial position of any jurisdiction in the country, with net financial assets of just over $28 billion,” boastedLloyd Snelgrove, Alberta’s minister of finance and enterprise and president of the Treasury Board. According to RBC, the oilsands industry will push various parts of the Alberta economy forward this year. “One visible sign that the strength is spreading within Alberta has been the impressive job gains in the past year, which included strong advances in the early months of 2011. Retail sales have risen by 4.4 per cent on a year-to-date basis in the province, second only to the rate in Saskatchewan.”

Photo: Wills+Perkins

#VJMEJOH

Instant waterfront: redevelopment in Edmonton will transform 530 acres into a hightech, sustainable and futuristic centre for 30,000 residents.

rosier economic future for the province, and institutions such as the Royal Bank agree.

+PCT KPCT KPCT

Case in point: RBC’s latest economic forecast – a document that’s truly bullish for the Prairies and Alberta, states, “We expect growth to accelerate to a nation-leading 4.3 per cent in 2011 from 3.7 per cent in 2010, which would be the province’s best showing since 2006.” RBC said the oilsands industry will be a key for the province. “Strong demand for Alberta’s bitumen continues to spur tremendous activity in the province’s various oilsands projects. This activity more than makes up for weakness in natural gas and declining conventional oil output,” it said.

Stats from the province’sEnergy Resources Conservation Board clearly point to a brighter future for the petroleum industry. The ERCB reported in June that 2,300 successful oil wells were drilled in Alberta in its fiscal year ending March 31, more than double the previous year. Those new wells sparked an 8 per cent increase in oilsands production. Production from conventional oil deposits fell slightly, by about 0.4 per cent, but not enough to hamper the major increase in overall production.

0JM TVSHF

The ERCB is also predicting production from the oilsands will ramp up from 589 million barrels in 2010 to 1.3 billion barrels by 2020. That will push growth in real estate,

While Alberta’s economy is gathering speed, it has yet to attract anywhere close to the levels of out-of-province migrants that it did during the boom in the mid-2000s. Consequently, the population growth rate remains less than half the average during 2005 to 2007, which has kept demand for housing fairly quiet so far. Canada Mortgage and Housing Corp., however, predicts housing growth will follow in 2012. “Alberta’s relatively flat new home pricing will encourage more sales, as will a growing economy and improved market balance in the resale market. By 2012, improvement in Alberta will help lift housing starts in the Prairies by almost 10 per cent in 2012 to about 40,000 units.” Calgary has already seen a surge in its housing market, with condominium sales particularly strong this year, and detached housing starts increasing, Agriculture suffered through a spring seeding period that was long and wet in the southern Prairies, including Alberta. Farm cash receipts will be dependent on a warm July and August, and an extended harvest period in the fall – but increased international demand and soaring prices for crops and cattle mean fatter profits for those who get to market.◆

CENTRAL ALBERTA OPPORTUNITIES:

DEVELOPMENT LAND - BENTLEY Two full quarters on the North side of Bentley overlooking Gull Lake. ¼ is already annexed while the other is slated for annexation. $2,500,000

PRIME DEVELOPMENT OPPORTUNITY – SYLVAN LAKE More than 25,000 sq ft of hwy frontage on Sylvan Lake's main street, zoned for office, professional or retail use. $779,900

PRIME COMMERCIAL LOT - SYLVAN LAKE Almost 12,000 sq ft of commercial land for development conveniently located next to Servus Credit Union $479,900

MULTIPLE SPACES & LOTS AVAILABLE IN THE BUSIEST CORNER OF SYLVAN LAKE Located right in Sylvan Lake's newest & largest shopping hub is situated on the corner of busy 47th Avenue & Hwy 20

COMMERCIAL OR RESIDENTIAL DEVELOPMENT – SYLVAN LAKE Large corner lot fronts Main Street near the HJ Cody High School. Currently incl. 1497 sq ft home with double detached garage. $600,000

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

1-888-652-7281 info@trilliantrealty.ca www.TrilliantRealty.ca

in the City of Camrose The Regional Centre of East Central Alberta

Valerie King Economic Development Department

Prime Highway Commercial Lots Next to our New Hotel, Convention Centre and Casino 3 to 4 Acre Parcels - $175,000 per Acre TM

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

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

Prairie Horizons B23

“The JEDI region offers Kimto Manufacturing a number of advantages including a good transportation network, a very low cost of doing business, and access to a broad range of skilled labour.” Jeremy Belbeck, Own ner/Partn ner Kimto Manuffacturin ng Ltd. Wetasskiw win n, AB

Contact JEDI for your best business advantage

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

www.jedialberta.com

C ITY OF WE TA SKIW IN • T OWN OF M I L L E T • C OUNT Y O F W ETA S KI W I N

B24 Prairie Horizons

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

Saskatoon Commercial/Residential Mixed Use Land For Sale by

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

SITE FOR RFP

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

Prairie Horizons B25

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

FEATURE Manitoba is ranked just behind in GDP growth as flood waters cool its recession-proof economy

4BTLBUDIFXBO SFBEZ UP MFBE WI STAFF/GEOFF KIRBYSON WESTERN INVESTOR

he construction of the first highrise in years is underway in Regina, as the new headquarters of potash producer Mosaic. In both Saskatoon and Regina, the vacancy rates for both offices and apartments are the lowest in Canada, an indication of the resource boom that now has developers scrambling to catch up with demand. Saskatchewan will be near the top of provinces in terms of economic growth, with output expanding at an average rate of 3.5 per cent over 2011 and 2012, according to the latest economic forecast by Scotiabank, second only to oil-fired Alberta. The Royal Bank is even more bullish, forecasting Saskatchewan’s economy will lead the country in growth at an impressive rate of 4.9 per cent this year. “Strength across a number of sectors gives us reason to expect Saskatchewan’s capital spending growth will remain solid,” said Craig Wright, senior vicepresident and chief economist, RBC. “The majority of these investments will take place in mining, utilities and oil and gas extraction.” Expansion of Saskatchewan’s potash and crude oil industries has spurred jobs and an influx of residents, according to Scotiabank. Agriculture, though suffering through another difficult start to the growing season, will likely contribute positively due to high export prices. The Bakken oil play in the province’s southeast has grown with the sharp rise in crude oil

Photo: The Hill Company

5

The 20-storey McCallum Hill Tower III, the Mosaic tower, centre, is under construction in Regina. The city has the tighest office and residential rental market in the country.

prices, which are close to US$100 a barrel. The province has seen its population climb steadily, increasing by 1.6 per cent in 2010. The strong economy has attracted both international and inter-provincial arrivals, fostering above-average population growth and servicesector expansion. Potash producers have kept pace with rising international demand, but now find their inventory levels are dropping, which is supporting prices. The long-term demand outlook remains positive, particularly from abroad, and a flurry of investment will see production nearly double by 2015. Saskatchewan’s employment is expected to grow at an average rate of 1 per cent in 201112. A tight labour market has seen wages increase at or above provincial averages.

RBC estimates that a new wave of capital investments will carry into 2012, led by continued strong global demand for natural resources. Real GDP growth is projected to stand at 4.3 per cent next year, again placing Saskatchewan at the top of the provincial rankings.

.BOJUPCB

Manitoba is preparing to return to its rightful place – smack dab in the middle of the economic pack – over the next two years. According to the latest forecast from Scotiabank, the provincial economy is expected to grow by an average of 2.5 per cent in 2011 and 2012. That’s good for fifth place nationally, trailing the three other Western provinces. The bank says the province’s economy – the

only one in the country to dodge the recession – will be boosted by sectors such as food packaging, machinery manufacturing, utilities, finance, real estate and insurance. The extreme flooding caused by the swollen Assiniboine River, particularly in the southwest part of the province, will offset at least some of those gains with a severely dampened agricultural output. “Things are sort of going sideways right now,” said George Chuchman, associate professor of economics at the University of Manitoba. He said there’s no doubt the province is firing on all cylinders on the construction side, as about $2 billion in major projects, including the new terminal building at the Richardson International Airport, the Canadian Museum for Human Rights and an IKEA store, are set to be finished over the next two years. There’s also plenty of activity in technology-related maintenance work and at the province’s educational institutions. Even though Manitoba has been a top performer over the past couple of years, it’s not insulated from the still-lagging economy south of the border, where 80 per cent of its exports are destined. Flooding this spring and summer saw the Assiniboine River damaging farms from the Saskatchewan border east to Portage la Prairie. On the bright side, a recent report from the Conference Board of Canada, said spending on tourism-related goods and services in Winnipeg is expected to grow an average of 5.6 per cent between 2012 and 2015.◆

Paintearth Economic Partnership Society

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B26 Prairie Horizons

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

Royal LePage Westgate Real Estate Has It ALL! FOR SALE/LEASE 8300 sq. ft. ON 2.04 ACRES in Spruce Grove Over 10,000 Vehicles Pass this property daily! 8300 sq. ft on 2.04 Fenced Acres Shop + Retail + Office Space. Asphalt surrounds ALL BUILDINGS .

AY HIGHWURE S EXPO

Downtown Stony Plain: WESTSIDE CENTRE: 5 UNITS LEFT!! FOR LEASE in Stony Plain 1200, 2400 or 4800... TAKE YOUR PICK! High Traffic & Visibility Downtown Stony Plain. Multiple Lease Option. Large Windows, east facing for natural light. 10x10 Overhead Doors or Dbl Entry Doors. Paved and Ample Parking for Clients & Staff.

400, 1200,42800 OR T. SQ. F

SHOP + MEZZ + OFFICE FOR LEASE Stony Plain Industrial Park: 10,000 sq.ft Shop + 3,342 Mezz + 2,400 Office Space. Just bring your staff & clients! Large Shop area with dividing wall. Shop/Foreman Office. Office: Built in desks & cabinets, reception & staff area. Great Accessibility from Hwy 16 & Hwy 16A. Gated & Paved with over 30 parking spaces

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LAKEFRONT HOME ON LAKE WABAMUN Truly a rare gem! This is an "A Frame"lakefront 1770 sq. ft. home with 2 bedrooms, 2 bathrooms, 1 den and an upstairs loft in the Village of Kapasiwin on Lake Wabamun, arguably one of the best spots on the lake

Features Include: • Show home condition with windows & vaulted cedar ceilings • 175' of shoreline with an outstanding view, dock, boat access and fire pit • Fully landscaped: creek, two bridges, garden, shrubs, perennials & mature trees • Fully lockable fence, large parking area and even a mini driving range with net. • Great location! Ride the golf cart to the 18 hole golf course! • 20 mins from the nearest town Stony. This is a year-round, show home condition turn-key home! MLS E3269035 Lakefront lots available: Jackfish Lake Island, Rainbow Beach Estates, Kenglend & Edwards Beach… call for details!

ROW HOUSING PROJECT ON 2.4 ACRES FOR SALE in Stony Plain 2.4 Acres of Bareland Ready to Build On! All the drawings and testing is complete for this project - buy the land today and start this profitable project tomorrow! Zoned R-2C with possibilities of building high density duplexes. Located just minutes east of the 5th Meridian. Tremendous amenities surround the property: grocery, shopping, furniture and pharmacy, Tim Hortons. Property backs onto a park, within walking distance to an elementary school, Rotary, BMX & Skateboard Park.

HUBBLES LAKE • Lot 1 - 2.17 Acres with well • Lot 3 - 3.24 Acres Land only, east facing, lake views, very private with rolling hills. MLS E3263383

Call Victor Moroz

ROYAL LEPAGE WESTGATE REAL ESTATE125, 4401 48th Street, Stony Plain, AB Independently Owned and Operated

Phone 780-968-1068 • Fax: (780) 968-1071 www.RoyalLePageWestgate.com

Victor Moroz Assoc. Broker

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B27

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

REGIONAL ROUNDUP City’s flood response reveals characteristic community spirit and quick action

4XJGU $VSSFOU WESTERN INVESTOR uick action by the city officials and hundreds of sandbagging volunteers helped the City of Swift Current respond to what could have been a disastrous May flood from its namesake creek.

2

“My house is right on the creek and the water got to within five-and-a-half-feet from my back door,” said resident and realtor Kelsey Adam. He credits “great management” for protecting his property and others’ by officials diverting water early as the river levels rose. The response is characteristic of a city that has also largely dodged the recession and is now poised to benefit from a province-wide resource upturn. Housing sales were up 50 per cent in June, compared with a year earlier, an indication of the town’s economy. “We have seen a tremendous amount of interest in Swift Current and this has come from all fronts,”said Marty Salberg, Swift Current’s director of business development. With the high demand from business and residents to locate in Swift Current, the city is releasing more building lots after its former inventory sold right out, he said. Current construction includes an expansion of the Wheatland Mall, which is welcoming a new Giant Tiger and a Bulk Barn outlet. The local Ford dealer, Cypress Motors, is building a new location and at least two new rental buildings are under construction, the first in years.

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The rental market is something of a controversial issue in Swift Current. According to a recent report from Canada Mortgage and Housing Corp., the town’s vacancy rate is 9.6 per cent, which would make it one of the highest

in Saskatchewan. “That is a surprise to me. I don’t know where they get their numbers,” said Rhonda Toth, the Swift Current-based president of the Association of Saskatchewan Realtors. Toth estimates the real vacancy rate is close to or lower than the 2.5 per cent provincial average. She said a steady influx of new immigrants, mostly from Europe, the U.K, the Philippines and South Africa, for increasing rental demand. Adam concurs, noting that he gets calls regularly from potential tenants looking for rentals, adding that about half of the 14 new apartment rental units under construction in town have already been claimed. Typical rent for a two-bedroom apartment in Swift Current is $668, up from $663 a year ago, CMHC says. The agency notes that they count all privately owned rental units in apartment buildings. Swift Current housing sales rocketed up in June, compared to a year earlier, but the average price of detached home is still around $200,000, Toth said, adding that two new subdivisions are currently being developed. “Overall, the market seems to be remaining fairly balanced,” she said.

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Swift Current is a pivot for the economy of southwest Saskatchewan. Located at the junction of Highway 4 and the TransCanada Highway, the city serves a regional population of approximately 55,000 and is home to more than 16,000 residents. Swift Current also has a $38 million regional hospital, complete in 2007, that serves residents across the southwest. The regional economy has been traditionally driven by its powerful agriculture engine, which includes cereal and specialty crops as well as the livestock industry. Swift Current has three grain terminals as well as several agricultural service businesses. The presence

Busy Swift Currrent draws shoppers and workers from across southwest Saskatchewan. RIGHT: Downtown is spruced up. Photos: City of Swift Current

WI STAFF

of the internationally known SemiArid Prairie Agriculture Research Centre emphasizes farming’s importance to the economy. Improved growing methods and diversification are increasing the region’s economic stability. Although cattle and wheat still reign In June, the Canadian Association of supreme, other livestock, cereal grains, pulses Oilwell Drilling Contractors raised their as well as oil grains could become predomi- projected drilling activity forecast by 24 per nant. cent after a busy first quarter of 2011. In the first three months, rig use in Saskatchewan was .BOVGBDUVSJOH 71 per cent, with 78 out of 109 available rigs The city has attracted large-scale busi- pumping in the first three months. In comparinesses to the community, including Batco son, Alberta’s use rate reached 67 per cent, with Manufacturing, Rem Manufacturing, 385 rigs running out of a fleet of 571. and Urban Forest Recyclers who supply half of North America’s egg tray market. 5PVSJTN These and other manufacturers have contrib- The opening of the $35 million Living Sky uted to the diversification of the economy Casino has helped to boost tourism in the city from farming, ranching and the oil industry. drawing many visitors from both Alberta and the U.S. The casino has also kicked off retail Swift Current is the base for oil exploration in Western Saskatchewan, an area that development in the area, including the conyields medium crude oil and medium natural struction of a Canadian Tire, Mark’s Work gas. Exploration has increased significantly in Warehouse, the Brick and a new Holiday recent years. Please see Swift page B28

Prairie Horizons FRANCHISED MOTELS & HOTELS FOR SALE

This top notch, quality company has contract work 365 days per year! The company has been in operation for 60 years! Annual gross sales approx., $3Million. Business only for sale. Serious inquiries only, no agents

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

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UÊ Major City in Manitoba: n Ê, à à }Ê*À Vi\Ê$7.90MÊÊÊ iÜÊ Ìi Ê «i i`Ê ÊÓ䣣

UÊ Major City in Saskatchewan:Ê 60 Rooms à }Ê*À Vi\Ê$5.95M ,iÛi Õi\Êf£°È{ ÊÊ " \ÊfÈÈÈ]äääÊ

UÊ Major city in Manitoba: Ç Ê, à à }Ê*À Vi\Ê$6.70M­Ã >ÀiÊÃ> i®Ê ,iÛi Õi\ÊfÓ°£ ÊÊ " \ÊfÇ ä]äää

U North of Saskatchewan:Ê 65 Rooms with Restaurant/Tavern/12 VLTs à }Ê*À Vi\ $4.20M Ê ,iÛi Õi\ÊfÓ°äx ÊÊ " \ÊfÈÈä]äää

Re/Max Crown Real Estate Ltd.

Hyungoog (Martin) Park T: 778-899-0201 www.MotelHotelSale.com

Great Western Coffee Co. - $329,000 • Northern Saskatchewan's only coffee roastery! • Located in Prince Albert, Saskatchewan’s Hot Spot for development • Upscale internet café with Drive Thru! • Wholesale opportunities • 5 & 10 year lease options available www.greatwesterncoffee.ca • Busy 15th Street East location close to Superstore Contact Rita Busch at & Cornerstone big-box shopping harbour@sasktel.net or 306-425-7766 • Training can be arranged • Information package available

B28 Prairie Horizons

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

GRAIN LAND INVESTMENT OPPORTUNITIES

Shady Bay RESORT

25% DOWN BALANCE MORTGAGE (OAC)

Call today for your opportunity

MEETING LAKE, SASKATCHEWAN 20 residential lots ready to build on. Awesome views. Oodles of trees. Services. Package listed for $1,140,000 MLS®. RE/MAX Saskatoon

DON FRY RE/MAX Don Fry (306) 222-0053 or 1-866-664-3800 e-mail: don@donfry.com Photos at www.donfry.com

FOR SALE

24 Unit Condo Lloydminster, SK EaZVhZ K^Zl Vi/ lll#YZaeZiZghgZVain#Xdb

9:A E:I:GH G:6AIN

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Ed Bobiash

Farm & Acreage Specialist 306-222-7770 s ed@edbobiash.com www.SaskLand4Sale.com Sterling Development Land Excellent development opportunity only 6km East of Saskatoon $889,900 Waning/Kerr Land 80 acres of rolling hills and scenic views. Subdividable for acreages $114,900 Mathers Mixed Farm 3 Quarters mixed farm $289,900 Wakaw Gravel Land Land with gravel deposits $350,000 Shell Lake Gravel Land Land with gravel deposits $1,199,000 Blucher Grain Land 630 acres of grain land east of Saskatoon $669,900 SE Perimeter Investment Inside of new proposed perimeter highway in Saskatoon $2,200,000 Koop Acreage #3/Hay Land 60 acres north of Blackstrap Lake $99,900

Acreages around Saskatoon - Call for info

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INVESTMENT OPPORTUNITY 1710 4th Avenue, Humboldt, SK Land Size: 216’ x 445’ = 91,120 sq. ft. (2.2 Acres) Building Size: 27,812 sq. ft. Sale Price: $750,000 Contact: Ken Kreutzwieser & Lisa Budd

Inn Express. A new $15 million community centre, with a six-sheet curling rink and a hockey arena, also draws visitors. With one of the highest non-local traffic counts along the TransCanada Highway, the city’s tourism potential is significant, according to Salberg. Swift Current’s building permits hit $17.6 million in the first six months of this year, up from $14.1 million in the same period last year, according to Barry Kowbel of the city’s building department. Kowbel noted that this doesn’t include a new $9.5 million waste-water treatment plant, where site work has started but the building permit has not yet been issued. Most of the 110 permits this year are for multi-family residential, which 60 units underway, including two dozen condominiums.

2VJDL GBDUT SASKATCHEWAN Cabri 1

✪

Regina

SWIFT CURRENT 37

Eastend Shaunavon

13

U.S.A.

4XJGU $VSSFOU 4, Population 16,000 Average house price $200,000 Average rent, 2 bdrm $668 per month 2011 building permits $17.6 million (first half)

*ODFOUJWFT

The City is offering tax incentives for new and expanding businesses, Salberg said, “We realize businesses need to move in a timely manner to take advantage of opportunities, and therefore so do we.” The economic potential for both new and existing businesses is encouraging. About six million people live within a 800-kilometre radius, emphasizing Swift Current’s role as a financial, service, social distribution and manufacturing centre. Swift Current is also home to Saskatchewan’s first full-service enterprise centre.

Moose Jaw

32

The Southwest Centre for Entrepreneurial Development offers entrepreneurial training and free business counseling to budding entrepreneurs and existing business alike. The Centre also has an extensive business resource library and public Internet access terminals. As the largest center in the southwest region, Swift Current now boasts a vibrant downtown business core that was recently upgraded, as well as two large shopping malls: The Swift Current Mall and the expanding Wheatland Mall.◆

www.SaskLand4Sale.com

INVESTMENT OPPORTUNITY FOR SALE/LEASE BACK 503 & 511 50th Street East, SK Land Size: 1.96 acres or 85,377 sq. ft. Building Size: 21,873 sq. ft. Sale Price: $5.5 million Contact: Stacy Dybvig

ICR Commercial Real Estate

INVESTMENT OPPORTUNITY FOR SALE – BUSINESS & REAL ESTATE 101 Main Street, Watrous, SK Land Size: 62.55’ x 130 = 8,131 sq. ft. Building Size: 2,605 sq. ft. Sale Price: $950,000 Contact: Josh Walchuk

Downtown office: 306.664.6116

INVESTMENT OPPORTUNITY 105 WAKOOMA STREET, SASKATOON, SK Land Size: 0.71 Acres or 30,928 sq. ft. Building Size: 1,144 sq. ft. (approx.) Sale Price: $580,000 Contact: John Kachur

North office: 306.933.2929

“Saskatchewan’s largest commercial real estate company”

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Accelerating success. Development Land

Large Warehouse

Central Industrial

FOR SALE

3530 KINNEAR AVE SASKATOON

FOR SALE

302 MELVILLE ST SASKATOON

2.36 acres in the Marquis Industrial area Zoning allows for light industrial activities • Ideal for office, public garage, industrial equipment sales, service, rentals, wholesale or warehouse • List Price $731,600 MLS® Kevin Johnson Ken Suchan* 306 281 9929 306 221 1825 kevin.johnson@colliers.com ken.suchan@colliers.com

Investment Opportunity

FOR SALE

1415 ONTARIO AVE SASKATOON

363,520 SF floorplate on 13.774 acres Ideal for distribution, warehousing and/or manufacturing • High ceilings, freezer, cooler and warehouse • List Price $15,900,000/SF Excl.

•

Gary Compton 306 260 6975 gary.compton@colliers.com

Glen Paziuk 306 241 8884 glen.paziuk@colliers.com

•

•

•

•

FOR SALE

Jason Wionzek 306 227 2408 jason.wionzek@colliers.com

CARLTON TRAIL SHOPPING CENTRE LANIGAN

79,352 SF building on 4.5 acres in Central Industrial Area Basement suitable for underground parking • List Price $5,950,000 Excl •

Brian Peberdy 306 221 6090 brian.peberdy@colliers.com

6.37-acre site with 42,570 SF shopping centre Tenants include: Canada Post, RBC, Provincial Liquor Store, Co-op, drugstore and library • 9 bays with overhead doors • List Price $2,350,000 Excl. Lothar Josephs 306 222 8744 lothar.josephs@colliers.com • •

* Ken Suchan (Ken Suchan Realty Inc.) has a contractual relationship with Colliers McClocklin Real Estate Corp.

Profitable Business

Industrial Property FOR SALE

Downtown Investment Opportunity FOR SALE

CARLYLE RENTAL CENTRE HIGHWAY 13, CARLYLE

1150 WEAVER ST REGINA

Established oil field related business Growing community of Carlyle in the heart of the Bakken oil plat, 200 km southeast of Regina • List Price $1,300,000 Excl.

5,730 SF building on 0.71 acre Office space, majority of property paved and fenced • Great tenant, Kinder Morgan, owns/operates more than 37,000 miles of pipeline and 180 terminals in N. America • List Price $1,150,000 Excl. Glen Hill 306 789 8300 glen.hill@colliersregina.com

• •

Mike Kelsey 306 789 8300

D’Arcy Skwara 306 789 8300 michael.kelsey@colliersregina.com darcy.skwara@colliersregina.com

• •

Colliers McClocklin Real Estate Corp. | 306 664 4433 | www.colliers.com/saskatoon

Industrial Property

FOR SALE

FOR SALE

350-370 CHAPLIN ST W SWIFT CURRENT 12,442 SF multi-tenant building built in 1948 40 on-site parking stalls plus on-street parking • Quality tenants: Swift Current Comprehensive School, Pure Bliss Hair Design and Massage Thereapy Clinic • List Price $998,500 Excl. Glen Hill 306 789 8300 glen.hill@colliersregina.com • •

380 MAXWELL CRES REGINA 6,151.00 SF building on 0.88 acres Excellent building includes boardroom, reception area, 7 offices and staff room on mezzanine • Warehouse is 17’ on ends and 22’in centre • List Price $1,350,000 Excl. Glen Hill 306 789 8300 glen.hill@colliersregina.com • •

CIR Commercial Realty Inc. | 306 789 8300 | www.colliers.com/regina

B29

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

SPOTLIGHT Strong job market and high immigration characterize Manitoba’s fastest-growing city

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Photo: City of Steinbach

WESTERN INVESTOR n Steinbach, Manitoba, even bad news is good news.

Where else could layoffs at one of the city’s biggest employers, Loewen, a manufacturer of high-end windows and doors, be seen in a truly positive light? “Those layoffs allowed some great employees to be picked up by other companies. It’s been a real positive in some respects,� said Mayor Chris Goertzen. Companies such as Valiant, a pharmaceutical company and the city’s largest employer, picked up some of the castoffs, as did Barkman Concrete and W.S. Steel. The rehire of workers from Loewen and a couple of other businesses that reduced their workforces during the economic slowdown rwas “brisk,� according to Keith Unger, president of the Steinbach Chamber of iCommerce. T “You’re still seeing a lot of ‘help wanted’ rsigns in town. We’re not seeing a lot of unemsployed people in the community,� he said. o The largely good vibrations in the business w , w a

DON'T MISS THESE MANITOBA MARVELS!

CASH FLOW PRODUCER, High trafďŹ c and high exposure, located in the heart of Hillside Beach and serving communities of Hillside Beach, Traverse Bay, and Belair. Located at commercial corner at Hillside beach, includes Domo gas, propane, convenience store, and restaurant. Includes business, land, building, and equipment, inventory at cost. Well established year round business, don't miss this excellent opportunity. 339,000. Please call Melodie Ateah

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

CHICKEN CHEF FRANCHISE, Thriving Turnkey Restaurant Franchise includes 5096 sq ft building, all equipment, inventory, goodwill and franchise in Pine Falls/Powerview. Seating for 64. Second half of building set up as a conference/meeting room but could be used as second restaurant. $299,900 Please call Shanna Karle

Steinbach city hall: second highest Philippine population in Manitoba.

community are rippling through to the city’s population, too. Goertzen said Steinbach was listed at slightly more than 11,000 after the 2006 census but he’s confident it has grown at least 20 per cent since then. “We’re at about 13,500 right now. We think we’re within a year of surpassing Thompson as the third-largest city in the province (behind Winnipeg and Brandon). We are already the third-largest in assessment numbers and net value of our properties,� he said.

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Much of the population jump is due to an influx of people from Europe and the Philippines. In fact, Goertzen said Steinbach

Population 13,500 Average house price $235,000 Potential Manufacturing, high population growth

is now the second-biggest Filipino community in Manitoba after Winnipeg. Of course, with more people comes a rocksolid housing market. Unger, who is also a realtor with Prudential Riverbend Realty, said house prices are expected to appreciate in the high single-digits this year, just like they did in 2010. “Houses aren’t sitting around as much as they used to. They’re selling, for the most part, in 30 days. Last year it was about 40 to 45 days,� he said. This year is also shaping up to be the city’s best 12-month period ever for building permits and housing starts, with about 250 houses expected to rise from the ground. There are currently two main price levels of properties in Steinbach. The first, which primarily incorporates houses built in the

1970s, is in the $225,000 range. That will get you a 1,000-square-foot three-bedroom bungalow. But homes built in the last five years tend to fetch about $265,000 for about 1,300 square feet of space with three bedrooms, a two-car garage and a finished basement.

-PFXFO

All is not lost at Loewen, either. There’s no doubt the company is still in the doldrums as about 30 employees on its production side went on a two-month temporary layoff in May and 12 more management and support staff were given pink slips shortly afterwards. (Its workforce today is less than half of the more than 1,600 people it had on the payroll at its peak in the last decade.) The housing downturn in the U.S. was a major contributor to Loewen’s decision to lay off about 170 of its staff three years ago and while most U.S. markets haven’t recovered by any means, Jon Sawatzky, Loewen’s director of marketing, said they do appear to be stabilizing. “Housing starts have been very inconsistent but we still see great potential and are [making] strong efforts to remain an industry leader,� he said.◆

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

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605A Main St. N. MOOSE JAW, SK LANDMART Independently Owned and Operated

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

Business / Investment Opportunity MOOSE JAW, SK

306-581-3130

A rare opportunity to establish a new 33,000 square foot, full service, lumber, hardware, home renovation and building centre. The location is ideally situated on one of the busiest commercial streets in Moose Jaw. The property owners will build to suit and lease back. Proposed site plan and store layout have been prepared and zoning has been approved. A non-encumbered investment of approximately $2.5 million will be required. The Saskatchewan economy, in general, is booming and Moose Jaw is no exception. Market studies indicate substantial population growth and a need for additional housing. There is no other facility of this size or product range serving a large trading area.

HOMELIFE CRAWFORD REALTY www.DreamTeamSK.com

Call Brian Walz (306) 631-1229 or 1-877-694-8082

Ajit Matharu Email: ajitregina@gmail.com

westerninvestor.com

news archives reports updates

ATEAH REALTY LTD MELODIE ATEAH BROKER/OWNER

1-866-755-5406

www.ateahrealty.com

Contact us for more information: 604-669-8500 or advertise@westerninvestor.com

B30 Prairie Horizons

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

They are already in the taste-testing phase with their first beer at the Canadian Malting Barley Technical Centre, a Winnipeg-based non-profit organization that provides technical assistance to the malting barley and brewing industries. Their plans are a direct result of recent changes to Manitoba’s liquor laws, which include enabling restaurateurs to brew beer on site. The pair are far from industry rookies. ne of downtown Winnipeg’s longshuttered heritage buildings is about to They have worked in the hospitality industry for more than a decade and the last four undergo a renaissance. years as the proprietors of Luxalune, a pub The Metropolitan Theatre, affectionately known as the “Met” during its nearly 70-year- in Winnipeg’s Osborne Village, which offers more than 150 different beers in bottles and run as a movie house, finally has financial draught. commitments that could see it reopen in as little as two years. It has sat empty since 1987. The city and the province have agreed to contribute $1.5 million each toward a $16 million conversion into a “multi-function event space” that will be known as the Metropolitan Entertainment Centre he building that has been hailed as the The plan is for the 1,000-seat venue to host saviour of downtown Winnipeg and one of events as diverse as high-school graduations, the catalysts for the return of the National cabaret-style concerts, classic movies and Hockey League is getting a makeover. Winnipeg Jets away games. Before the Winnipeg Jets make their much-anticipated return to the city this fall, about $1 million in improvements need to be made to the MTS Centre to bring it up to league standards. At the top of the list is a $500,000 upgrade to its ice plant, the installation of acrylic glass around the ice surface and an overhaul pair of Winnipeg restaurateurs is of the home and visiting dressing rooms. preparing to boldly go where no The number of luxury suites is also being Manitobans have gone before. expanded from 48 to 55, in part to accomBrothers Chris and Lawrence Warwaruk modate the over-the-top support from the are planning to build Canada’s first estate corporate community – there’s a lengthy brewery in Neepawa, a community less than waiting list for the suites, which cost between two hours west of Winnipeg, a facility they hope will not only provide tasty craft-brewed $104,000 and $197,000 annually. The capacity of the press box is being increased as the lagers and ales for beer connoisseurs but building makes the jump from six years of become a tourist destination, too. hosting the American Hockey League. (Estate breweries are different from tradiThe MTS Iceplex, the $26.2 million facility tional breweries because they use raw ingrewith four rinks that was built a year ago, is dients, such as hops and barley, which are also getting an upgrade. Before it can become grown on site.) the part-time practice venue for the Jets, “It’s no different than the estate wineries changes such as a fenced-in parking lot to in Kelowna, B.C.,” Chris Warwaruk said. The brothers—who grew up on a farm near provide the proper security for the players’ vehicles, must be completed.◆ Minnedosa—plan to christen their trailblazing facility next spring. – Compiled by Geoff Kirbyson 8)"5¤4 )"11&/*/( */

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MET given new lease on life

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innipeg received a double dose of good news in June when two new hotel properties were announced within a few days of each other. The first was Quebec-based Groupe Germain Hospitality which agreed to partner with Longboat Development Corp. in Winnipeg to build a 200,000-square-foot, 20-storey mixeduse tower featuring a boutique hotel across the street from the MTS Centre, the soon-to-be home for the reborn Winnipeg Jets. The upper 12 floors will house the ALT Hotel brand with 154 rooms. The main floor will be retail and restaurant space while offices will New 154-room ALT Hotel will be built occupy floors two through six. adjacent to the MTS Centre, Winnipeg. The location is no accident. A considerable amount of land located on the north side of Portage Avenue is owned by Longboat, a company owned by the Chipman family, part owners of the Jets. The plan is for visiting teams to stay at the hotel and only have to make the short walk across the street to get to the rink. The new tower is part of what’s being called a Sports Hospitality Entertainment District, or SHED, in the neighbourhood, an initiative spearheaded by CentreVenture, a downtown development agency. “We are great believers in the rejuvenation of Winnipeg’s downtown and the vision CentreVenture is creating for the SHED district in particular,” saidJeoff Chipman, president and CEO of the Stevenson Group, which includes Longboat Development. “We realize that Portage Avenue is the face of our downtown and a major initiative for this project is to focus an entire new, vibrant level of activity to the corner of Portage and Donald.” Jean-Yves Germain, co-president of Groupe Germain Hospitality, said he was happy to be a part of the rejuvenation in the Manitoba capital. “We have met people in Winnipeg whose drive and enthusiasm are contagious. The project we’re participating in will definitely make this part of the city a lively neighbourhood,” he said. The second announcement came from the province’s biggest hotel chain, Canad Inns, which plans to build a 17-storey, 200-room hotel adjacent to the McPhillips Street Station Casino. Construction of the hotel, which is being built on the former site of a Days Inn and is expected to cost $50 million, will begin by next spring and is expected to finish in early 2013. Canad Inns already owns and operates a 146-room hotel adjacent to Winnipeg’s other gambling hot spot, Club Regent Casino. This hotel will be Canad Inns’ 14th property and one of its largest. It recently broke ground on a $40 million, 18-storey hotel adjacent to the Health Science Centre, Winnipeg’s busiest hospital. The province’s hotel industry is enjoying a boom not seen in many years. More than a dozen new properties and hundreds of rooms are currently under construction or are about to be, despite a city-wide hotel occupacy rate of only 65 per cent. Photo: Longboat Development Corp.

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MTS upgraded to NHL standards

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Brewery eyed for Neepawa

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Business in a Thriving Town

Vertical Integration! Slaughter, Package and Sell the Finished Product Raise quality beef at one of these ranches through your own brand of naturally grown meats!

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Amazing Opportunities! MOTEL: 53 rooms, major renovations, owners suite. Price: $1,999,000 MOTEL: Smaller, family run, northern Manitoba. Price $449,000 HOTEL: Just outside of Winnipeg. good bottom line, Price $324,000 STRIP MALL: Long term tenants, Nets $90,000 Plus! Price $1,050,000 GROCERY STORE(S): 3 in growing communities. Price ranges from $369,000 to $1,000,000

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NOW SELLING! MANITOBA OPPORTUNITIES VERY ATTRACTIVE BUSINESS OPPORTUNITY • Located in Riding Mountain National Park • 22 rental bungalows plus large owner’s cottage • Very well established second generation owners www.thunderbirdbungalows.com 11 UNIT APARTMENT CONDO CONVERSION • All mechanical updated - renovations completed June 2010. • High quality finish throughout, very appealing apartments. • Condos leased - ATTRACTIVE CAP RATE

TED TEMPLE

1-204-725-8855 ttemps@mts.net

• Great Location, Great Building! • Property for Sale or Lease • Building more than 3900 sq ft • Property is 21,850 square feet

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JEFF TEMPLE

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Franchises B31

WESTERN INVESTOR AUGUST 2011 www.westerninvestor.com

Seven deadly franchise sins

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t usually takes a lot of money to buy a franchise, and you certainly don’t want to waste any. Check this list of seven costly mistakes to avoid before purchasing a franchise, courtesy of FranchiseHelp.com 1. Letting emotions rule. Falling in love with a franchise concept is a common mistake. Don’t let your emotions guide your decisions. Use your head, do your due diligence and take the time to thoroughly investigate the franchisor’s offering. 2. No professional team. Don’t try to do your own financials, contract reviews, or negotiating. The cost of professional franchise attorneys, accountants, and advisors is money well spent. 3. Too little cash. Lack of capital is the number one reason franchisees fail. The franchisor will tell you how much money you’ll need with a low and high range. Be smart and go with the high range. Then ask current franchisees if the numbers are high enough. 4. Penny wise and pound foolish. Choosing one franchise over another because the initial franchisee fees are lower is shortsighted. It assumes that all franchises are alike and nothing could be further from the truth. Choose the franchise with the proven concept and strongest track record. 5. Too much help. Payroll is the biggest part of overhead for most franchise businesses. New franchisees often hire too many people or pay too much in wages. A good franchisor will provide a good staffing plan. Stick to the plan. 6. No comparison. Never buy expensive equipment, supplies or inventory without shopping around first. Even if your franchisor offers group purchasing, do your own research, shop as many vendors as you can,

consider after-market suppliers, and weigh different financing options (loans or leases). 7. Marketing blunders. As a new business owner, you’re going to be targeted by every ad salesperson around. Ignore them. Follow your franchisor’s marketing plan to the letter to avoid wasting thousands of dollars.

EmbroidMe sews up a Master deal

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mbroidery franchise EmbroidMe has signed a Master Franchise Agreement with serial franchisee Stuart Erskine to develop the brand in Canada over the next few years with initial focus on Alberta and Ontario. “We are very excited to welcome Stuart Erskine into the EmbroidMe system,” said Mark Johnson, president of EmbroidMe. “Stuart brings with him several years of experience in the franchising industry, which will enable him to grow the EmbroidMe brand across Canada.” Erskine is also master franchisor for Billboard Connection, an outdoor advertising agency, and owns and operates sign promotional and advertising franchise Magnetsigns. EmbroidMe handles screen printing and marketing specialties. The franchise requires a total investment of $66,000 to $187,000, including an initial franchise fee of $35,500 under a 35-year agreement. There is also a royalty fee.

Survey finds happy franchisees

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recent survey by BMO Bank of Montreal has found that an overwhelming majority (91 per cent) of

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Canadian franchisees are optimistic that the economy will grow or remain the same this year. The study also found that nine out of 10 expect their business will expand or remain steady this year. “It’s encouraging to see the optimism among small-business owners, including franchisees, in Canada,” said Steve Iskierski, senior manager, national franchising services with BMO The survey, conducted by Leger Marketing, also revealed that the top ways franchisees plan to take advantage of the strong loonie are to upgrade equipment (67

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per cent) and expand operations (42 per cent). This anticipated expansion of Canadian franchises parallels the overall economic growth expected, with gross domestic product pegged at 3 per cent and retail sales values likely to rise more than 4 per cent. “Healthy job growth will provide ongoing support,” said Sal Guatieri, senior economist, BMO Capital Markets. “Canadian retailers should enjoy another good year, though sales are likely to downshift modestly from the 5 per cent rate of last year.”◆ – Compiled by Kevan O’Brien

Own Your Own Country Franchise Opportunity: Chilliwack abc Country Restaurants has 40 years of family dining experience. If you like the idea of being up front in your own restaurant, backed by a strong corporate team, abc is the high profile brand for you. Our restaurants serving Country Comfort for Breakfast, Lunch, Dinner & Dessert - many with profitable meeting rooms - dot the BC and Alberta landscape. We are looking for good franchisees and welcome your inquiry.

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ropertyGuys.com currently has 106 franchises across Canada and sees Metro Vancouver as its next great opportunity for expansion. As the real estate market gets hotter and hotter in the Vancouver region, home buyers and sellers are looking for new ways of saving money, “and the system that PropertyGuys.com offers allows for a lower commission than typically demanded of real estate agents,” the company PropertyGuys president Ken LeBlanc explained. “I’m excited about the PropertyGuys. pitches Prince Charles during a trade show. com franchise opportunity,” said Sheila Vessey of Coquitlam, owner of 10 PropertyGuys. com franchises in Metro Vancouver. “I had looked at a number of franchise models for me and this one was head and shoulders above the rest. I look forward to adding additional PropertyGuys.com franchises to my portfolio.” PropertyGuys.com president Ken LeBlanc said, “We have a solid foundation in northern B.C with some very successful franchise owners. Now is the time to build on that success and add some key players in the Lower Mainland.” In addition to Vancouver, PropertyGuys.com has expansion plans for Calgary and parts of Saskatchewan and Manitoba. LeBlanc also sees an opportunity for PropertyGuys with the opening up of the MLS system. The MLS website, which lists homes for sale across Canada, is run by the Canadian Real Estate Association and was, until recently, the exclusive tool of realtors. Late last year, however, the federalCompetition Bureau ratified a new agreement with the association that allows homeowners to pay only for the services they want from their real estate agents. The new agreement means sellers can now pay realtors and other companies like Property Guys a flat rate for an MLS listing, sell their houses themselves and avoid paying for a full line of services from realtors. A PropertyGuys franchise requires a total investment of $40,000, including an initial franchise fee of at least $30,000.

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

B32

www.westerninvestor.com AUGUST 2011 WESTERN INVESTOR

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