Western Investor February 2011 Section B

Page 1

www.naicalgary.com FOR SALE/LEASE 1499 - 17 Avenue SW Calgary Size - 2,444 sq. ft. Asking Price - $1,000,000 Lease Rate - $26.00 p.s.f.

INVESTMENT SALE Foothills Industrial Calgary 9% Cap Rate - 63,000 sq. ft. - 2.6 acres - 10 year term Daniel Goldstrom Tel: (403) 809-8326 dgoldstrom@naicalgary.com FOR SALE/LEASE 97 Prairie Place SE, Calgary Size - 4.7 Acres Asking Price - $1,699,000 Zoning - Light Industrial

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

PRIME HOTEL SITE Location: Calgary, AB Direct Access to Airport, 2.56 +/- Acres $2,560,000 Jim Courtney Tel: (403) 291-8873 jcourtney@naicalgary.com INVESTMENT OPPORTUNITIES SOUTHERN ALBERTA HOTELS AND MOTELS - Three motels can be purchased as a portfolio or separately. Total over 300 rooms 8% cap rate on existing cash flow - 160 plus rooms full service hotel 80% plus occupancy Very Attractive Capitalization Rate AUTOMOTIVE SERVICE We have a selection of gas bars with convenience stores as well as some with additional services including liquor stores, RV pads, storage etc. available in Southern Alberta. Numerous other opportunities available in Western canada. All information on these opportunities will be treated on a proprietary and confidential basis. Contact: Jim Balfour Tel: (403) 291-8860 jbalfour@naicalgary.com

Contact: Tim Anderson Tel: (403) 291-8866 tanderson@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

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

Wing Tang Tel: (403) 291-8872 wtang@naicalgary.com

FOR SALE - 17,600 sf in Calgary: retail/apartment building - Fully Leased - 7,000 sf in Calgary: retail/industrial building - Fully Leased - Development Opportunity - Okotoks - 16,000 sf - 2 Acre Multi Residential Site - Calgary Region - Foreclosure - 8,000 sf High Density Dev. Site - Calgary Core - Foreclosure Shane Olin Tel: (403) 708-9086 solin@naicalgary.com FOR SALE Pub For Sale Great Inner City Location $575,000 Restaurant For Sale Located on busy 17th and 37th Street Great Lease in Place "Reduced Price" Blair Mastin Tel: (403) 291-8869 bmastin@naicalgary.com

Colleayn Mastin Tel: (403) 291-8868 cmastin@naicalgary.com

BUSINESSES FOR SALE FLOOR COVERINGS CALGARY AREA Established more than 20+ years. Stable staff, long term customers. Revenue $5M & steady. EBITDA $460K (2010). $2,099,000 includes working cap. HVAC MANUFACTURER ALBERTA 2011 revenue est. $4M and profitable. Custom air handling manufacturer. In business over 20 years. Direct and indirect fired air. Under $1.7M earnout considered. EQUIPMENT RENTAL PRINCE GEORGE REGION 20 years in business. Revenue $1.25M, 5 yr weighted EBITDA $569K. Equipment FMV $1.5M (NBV $654K). Purchase land and buildings option. $1,549,000 For a List of All Businesses Call: Craig Tennock Tel: 1-877-880-7290 craig@naicommercial.ca

Calgary Office #211, 4014 MacLeod Trail South, Calgary, AB T2G 2R7 • Phone: (403) 214-2344 FAX: (403) 214-0244 BUILT ON THE POWER OF OUR NETWORK. OVER 355 OFFICES WORDLWIDE.

19 OIL CAPITAL RUNNING EMPTY

Fort McMurray faces severe land shortgage

▲

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

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

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

Housing official Bryan Lutes warns hot demand is burning through all serviced land in the city

11 GAME FEVER COOLED FAST

One year after Olympics sees lower visitors in Whistler and Vancouver 29 BRANDON VOTES ATTITUDE

New mayor sets bold, pro-growth strategy

SPECIAL SECTION • B12

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

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

$4.29 FEBRUARY 2011 Vol. 26/Issue 2

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

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

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

www.colliers.com/kelowna

INCOME PRODUCING - KELOWNA

PRIME DEVELOPMENT SITE WINFIELD TOWN CENTRE

s +ENT 2OAD FULLY LEASED TO 7ESCO $ISTRIBUTION s SQ FT BUILDING ON ACRES ZONED # s #!0 2ATE List Price: $2,500,000 JAYSON MCCARTHY

CHAD BIAFORE

s &ULLY LEASED #25 AND FREE STANDING RESTAURANT s #ORNER LOCATION HIGH VISIBILITY ON ACRES Priced at $2,500,000 JEFF HUDSON ( Personal Real Estate Corp ) MARSHALL MCANERNEY (Personal Real Estate Corp)

s FULLY SERVICED LOTS AVAILABLE IN NEW INDUSTRIAL park s 3IZES RANGE FROM ACRE UP TO ACRES

s #OMMERCIAL &!2 ACRES $5,999,000 s !DDITIONAL ACRES $3,575,000 Priced at: $8,999,000

NAKUSP HOTSPRINGS & RV CAMPGROUND

RETAIL STRIP CENTRE -VERNON

PRINCETON INDUSTRIAL ESTATES

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

MULTI - FAMILY LAND Summerland Waterfront ACRES SANDY BEACH SINGLE FAMILY DEVELOPMENT SITE Vernon FEET OF WATERFRONT ON ,AKE /KANAGAN 0OTENTIAL FOR SINGLE FAMILY HOMES $6.0 M St. Andrews ACRES WITH POTENTIAL VINE YARD DEVELOPMENT SITE

MARSHALL MCANERNEY Call broker for pricing MIKE GEDDES

(Personal Real Estate Corp)

760 LAVAL CRES. KAMLOOPS

AVALON INN - OSOYOOS

s SQ FT WAREHOUSE WITH SQ FT OFFICE AND SHOWROOM ON ACRES IN 3OUTHGATE )NDUSTRIAL 0ARK Priced at: $1,485,000 LARRY GOOD

CHAD BIAFORE

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 List Price: $3,000,000 ERIC WEBER (Personal Real Estate Corp)

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

O f fice: Fax:

250-862-8100 250-984-0803

Syd Berisoff Agent/Broker

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

REVELSTOKE, B.C. s UNIT OWNER -OTEL s SEAT SEASONAL RESTAURANT s !DJOINING DEVELOPMENT LAND AVAILABLE s #HOICE 4RANS #ANADA LOCATION EXPOSURE $4,900,000

MAJOR PRICE REDUCTION s SEAT PUB LIQUOR STORE s 2ESTAURANT UNDER LONG TERM LEASE s %VERYTHING IN EXCEPTIONAL CONDITION s 6ALEMOUNTS FAVOURITE SPOT s (IGHLY MOTIVATED SELLER Now $1,999,000

BLAIRMORE, ALBERTA s UNIT MOTEL OWNERS SUITE s SEAT RESTAURANT READY FOR LEASE s 'OOD CONDITION READY TO GO s -OTIVATED SELLER DOOR $795,000

SALMON ARM, B.C. s ,OCATED JUST .ORTH OF TOWN IN #ANOE " # s SEAT PUB SEAT PATIO STEPS TO THE LAKE s !BSENTEE OWNER IS HIGHLY MOTIVATED s )NCLUDES LAND BUILDING IS FULLY EQUIPPED $595,000

FERNIE, B.C. s UNIT mAGGED MOTEL TOWN CENTRE s 0REMIUM HIGHWAY LOCATION EXPOSURE s 4WO PEAK SEASONS PERFORMER s ,EASED FAST FOOD OUTLET ON PROPERTY s )NDOOR POOLS GOOD RESIDENCE $1,495,000

KIMBERLEY, B.C. s 4HE hSKIERSv DOWNTOWN PUB s SEAT PUB HOSTEL TYPE ROOMS s 'REAT CEMENT BLOCK BUILDING s 4HIS PLACE IS ALWAYS BUSY $615,000

CACHE CREEK, B.C. s 4ERRIlC OPPORTUNITY BUY s SEAT RESTAURANT SEAT BANQUET AREA s SQ FT OWNERS SUITE STAFF QUARTERS s ,ONG TIME FAMILY OWNED #HINESE 7ESTERN RESTAURANT s #EMENT BLOCK BUILDING SQ FT X LEVELS $449,000!

KOOTENAY LAKE s ,OCATED NEAR +ASLO " # s .EARLY ACRES WITH WATERFRONTAGE s 3PECTACULAR MOUNTAIN VISTAS s .ICELY UPDATED COZY COUNTRY HOME s YURTS OUTBUILDING SPA RETREAT OPERATION $1,195,000

QUESNEL, B.C. s UNIT MOTEL 2 6 0ADS s ! SOLID LONG TIME PRODUCER s -AKE YOURSELF YR LIVE FOR FREE s 3OLID LOW RISK OPPORTUNITY $899,000

REVELSTOKE, B.C. s /VER ACRES ON THE 4RANS #ANADA HWY s (IGHWAY COMMERCIAL ZONED s X SHOP RETAIL BUILDING s HIGHWAY FRONTAGE A - ( 0AD $1,200,000

TRANS-CANADA HIGHWAY s UNIT MOTEL STORAGE LEASE SPACE s !GED OWNER IS MOTIVATED TO SELL s 4HIS BUILDING IS SOLID GOOD EXPOSURE s ! GREAT OPPORTUNITY AT THIS REDUCED PRICE $398,000

PEMBERTON, B.C. s .EARLY TWO ACRES ON THIS TOURIST CORRIDOR s UNIT COTTAGES NEW OUT BUILDINGS s 4OTALLY PARK LIKE WELL KEPT s /UR BEST SMALL MOTEL PRODUCER s .ETS WELL OVER LIVE FOR FREE $895,000

$0/5&/54 '&#36"3: */5&3*03 # $ Â… "-#&35" Â… 4"4,"5$)&8"/ Â… ."/*50#" 4&$5*0/ 41&$*"- 4&$5*0/ Â… #

FEATURES 19 0/ 5)& $07&3 'PSU .D.VSSBZ GFBST TIPSUBHF

On the cover Fort McMurray housing official Bryan Lutes warns the city is quickly running out of serviced land. Photo: Shirley Lin

As oil prices surge, city is running out of land Download a PDF of all our Regional Roundups online at www.westerninvestor.com

11 0MZNQJD CPPN 8IBU 0MZNQJD CPPN

One year later, B.C. hotel occupancy levels are falling

29 #SBOEPO¤T OFX NBZPS TIBSFT IFS WJTJPO

Manitoba’s second city gets its game face on

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

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

2–11 */5&3*03 /035)&3/ # $ 3&"- &45"5&

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

15–27 "-#&35" 3&"- &45"5&

31 5JN )PSUPO¤T XBSNJOH VQ UP /VOBWVU

HOT PROPERTIES

Iconic franchise opens most-northern outlet

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

26–30 4"4,"5$)&8"/ ."/*50#" 3&"- &45"5&

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

COLUMNS

30-31 '3"/$)*4&4

23 8)"5¤4 )"11&/*/( */ "-#&35" 28 8)"5¤4 )"11&/*/( */ 4"4,"5$)&8"/

.03& 0110356/*5*&4 ™ … -08&3 ."*/-"/% # $ … 7"/$067&3 *4-"/% ™ 4&& 4&$5*0/ "

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

#/--%2#)!, 02/0%24)%3 ). +%,/7.! !2%! s #100-1553 Harvey Ave., Kelowna, BC V1Y 6G1 FOR SALE OR LEASE – AIRPORT BUSINESS PARK GREAT LOCATION IN THE PANDOSY CORRIDOR TO BE BUILT! Priced individually - New Strata Commercial/Residential Mix building. Commercial bays on 1st & 2nd oors. Unit 1 (main oor) - priced at $724,320 for 2,12 sq.ft. Unit 2 (2nd oor) $1,302,880 for 3,832 sq ft. 3rd oor Penthouse - residential priced at $579,000 each. Design changes may alter oor plate. All measurements to be veriďŹ ed by survey. Call Ken or Kris for details.

Sq Ft from 1,349 to 3,119. Construction is precast concrete. Radiant heating, 20 ft. ceilings & 14 ft. insulated overhead doors. Easy access to Highway 97, Kelowna Intl Airport, the University and Quail Ridge golf course and subdivision. CD15 Zoning. Available For Sale: $249,565 - $331,705 MLSÂŽ Available Lease: $10.00 - psf plus TNet MLSÂŽ

PERFECT IMMIGRATION PACKAGE Manufacturing of natural gourmet foods - in business since 1990. Production area is 900 sq ft with attached 1200 sq ft warehouse - includes the ofďŹ ce. Production area houses stainless steel ďŹ lling line - automatic piston ďŹ ller, conveyor belt, semi-automatic capper, loader table, accumulating table, cooking kettles, triple sinks and shelves. Warehouse accommodates ingredients, labels, jars and a small retail shop. +/- 19.70 acres. Included in purchase price - 10 lots “Quail RVâ€? park with water and sewer, 30 and 50 amp service with internet availability and laundry. Available: $2,800,000 MLSÂŽ

5600 SQ FT COMMERCIAL BUILDING 5,600 sq ft commercial building on Rutland Road.1 side is leased. Kelowna airport 10 minutes away. Double glazed windows, 12 x 12 OHD. Three phase power. C2 Zoning neighbourhood commercial with LUC in place – allows for automotive body repair and printing. Available: $1,399,000,000 MLSŽ

6,337 SQ FT COMMERCIAL BUILDING FOR SALE Located in an area which is increasingly being re-developed into an upscale commercial area using the concessions provided by the City of Kelowna for redevelopment of the Town Centre core of the Rutland area. Fee simple land. 13 parking spaces on the property. Possibility splitting this building, maintaining a tenant base on both oors. Available: $1,795,000 MLSŽ

30.82 +/- ACRES TRANS CANADA HIGHWAY 4 km’s West of Revelstoke. Previous use as a wood mill. Lots of potential uses – Industrial or rezone to the “Perfect Campground�. Seller Says “Sell It�. M3 zoning – Heavy Industrial. Available: $599,000 MLSŽ NEW PRICE

WEST KELOWNA - INDUSTRIAL STRATA FOR LEASE Two units available for lease each one +/1,752 sq ft. New building with occupancy November 2010. 14’ overhead doors, 22’ ft clear to underside of truss. Inside ceiling height could accommodate a mezzanine. Property will be landscaped and include night lights. These 2 units (back to back) could be combined for +/- 3,504 sq ft. Available: $11.00 psf plus NNN MLSŽ

CONSOLIDATION COMPLETE 12 LOTS AVAILABLE FOR SALE FOR DEVELOPMENT Property would include a 6 storey commercial building and a 5 storey mixed use building. The commercial component of the project would have a one storey retail base with 5 storeys of ofďŹ ce space while the mixed use component has a 1 storey retail base with 4 storeys of residential development. The required parking will be located entirely within a 1 storey underground parkade. The gross building area for this development site would be approximately +/- 180,000 sq. ft. Available: $4,990,000 MLSÂŽ

BRAVA Under construction. 2 Commercial, 3 Residential Strata units for sale – passive investment. To be fully leased at 7% CAP Rate, 5 year term. Projected occupancy June 2011. Call Ken or Kris for all the details.

B4 Interior British Columbia BUSINESS AND INVESTMENT OPPORTUNITIES

SALMON ARM, B.C.

UĂŠĂŠ >Ă€}iĂŠ >V…ˆ˜iÉ7iÂ?`ˆ˜}ĂŠ-Â…ÂœÂŤĂŠâ€“ Suitable for investor or owner/operator. Includes land & buildings. fĂ“°Ă“xĂŠ ˆÂ?Â?ˆœ˜ UĂŠĂŠ Â˜Ă›iĂƒĂŒÂ“iÂ˜ĂŒ – 4 units in 1 building, established tenants with commercial leases in place. $319,000 UĂŠĂŠ ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠ iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ >˜` - 130 acres, with highway and railroad access. Reduced to $995,000 UĂŠĂŠ ÂœÂ?vĂŠ ÂœĂ•Ă€ĂƒiÉ iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ >˜` – 162 acres, deluxe residence. BC Interior location. UĂŠĂŠ ÂœĂ•Ă€ĂŠ*Â?iĂ?Ê– Prime Location, close to Downtown and University. Extensive Renos done. $525,000

14 apartment condominiums to be built to complete the 38-unit Valley Vista on a two-acre sloping property. Excellent view of Shuswap Lake from one side, forest on the other. Onebedroom, 600 sq. ft., two four-plexes and a sixplex. 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.

DWIGHT VOS

SALLY SCALES

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

sallys1@telus.net or 250-832-4831

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

VERNON, BC

Enderby Tube Taxi -,3 s This exciting business opportunity is a service provider of transportation, tube rentals, plus mobile food and beverage truck in Enderby on Shuswap river. Operates June to Sept.

1 – 2 Bedroom Strata Condos Positive cashow Fully managed From $149,900

Hunter’s Range Resort -,3 s

40 – 3 bedroom, 1½ bath Town Homes Possible strata conversion

Currently operating as ATV/Snowmobile rentals and campground on Mabel Lake Road in Enderby. 7.2 acres bordering crown land on 3 sides. Hundreds of riding trails. 2300s/f fully renovated house.

Call: 250-826-2284 Email: denarigroup@gmail.com

Call Rod Culic or Patrick Place, 250-546-8791

SHUSWAP LAKE

KELOWNA & OKANAGAN ACREAGES

MLSÂŽ 10020318 Price $949,000 4354 Copper Cove Rd Scotch Creek BC

VERY PRIVATE 4.42 Acre Estate on South Thompson River Approx. 15 minutes drive east of Kamloops next to River Shore Golf Course. Beautiful custom built rancher with 6 bedrooms, 3,360 sqft, vaulted ceilings, large kitchen with 4x8 Island + formal dining room & living room with rock ďŹ replace. Master bedroom has 5 piece ensuite. Designed to take in the southern exposure & peaceful river views! Enjoy the large patio area with water fountain & inground pool. 573 ft river frontage with boat dock. $1,350,000 MLSÂŽ

DAVID JUROME 250-862-1888 www.davidjurome.com

EXECUTIVE STYLE HOME - SMITHERS, BC s 6ERY BRIGHT AND SPACIOUS KITCHEN s /AK CUPBOARDS AND mOORING

Downtown Realty

FOR SALE PENTICTON

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

Spectacular view of Shuswap Lake. Property has been extensively renovated with a open concept on the upper level. Basement has been fully ďŹ nished with Sauna. Property offers privacy, quietness, lots of room for your toys. Easy access to the water via the cable lift or enjoy a short walk to the Beach.

$2,499,000

PENTICTON

LAKEFRONT PENTHOUSE WITH MOUNTAIN VIEWS AVAILABLE IMMEDIATELY

1 BDRM + DEN: $529,000

MLSÂŽ 10011706 Price $899,900 3-1038 Wharf Rd Scotch Creek BC

PENTICTON

LAKEFRONT PENTHOUSE AMAZING VIEWS OF OKANAGAN LAKE AVAILABLE IMMEDIATELY

2 BDRM + DEN: $1,599,000

s X SHOP WITH CEILINGS s SQ FT HOME ON FENCED ACRES s MINUTES TO DOWN TOWN 3MITHERS s "EAUTIFUL ,ANDSCAPING

Gorgeous 88’ Sandy Beach with Southern exposure. Beautiful remodeled rancher style home for year round living. Enjoy a view of Shuswap Lake from the open living space or on the Large Deck. A Must See

OSOYOOS 10 INCOME PRODUCING LAKEFRONT RV LOTS

$1,250,000 + HST

s #LOSE TO SKI HILL s MINUTES TO GOLF COURSE

#ALL FOR MORE DETAILS

MARIAN GIBB One Percent Realty Ltd

$679,900

-,3š .

250-302-9646 MARIAN GIBB TELUS NET

@6BADDEH For Sale or For Lease

monarkinvestments.ca

604-592-7250

Financing Available. Potential Trades.

O K A N AGA N – B .C . I N T E R I O R I N V E S T M E N T

UĂŠĂ“äĂŠ-ÂˆĂŒiĂƒĂŠÂœÂ˜ĂŠx°nĂ“ĂŠ>VĂ€iĂƒ UʙÊ*>Ă€ÂŽĂŠÂœĂœÂ˜i`ĂŠÂ“ÂœLˆÂ?iĂŠÂ…ÂœÂ“iĂƒ UĂŠ*Â?Ă•ĂƒĂŠĂŽĂŠĂ€iÂ˜ĂŒ>Â?ĂŠÂ…ÂœĂ•ĂƒiĂƒĂŠEĂŠÂŁĂŠDĂ•ÂŤÂ?iĂ? UĂŠ ÂˆĂŒĂžĂŠĂƒiĂœiÀÊ>˜`ĂŠĂœ>ĂŒiĂ€ UĂŠ Ă?ÂŤ>Â˜ĂƒÂˆÂœÂ˜ĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â? UĂŠ Â˜Â˜Ă•>Â?ĂŠ}Ă€ÂœĂƒĂƒĂŠÂˆÂ˜Vœ“iĂŠfÂŁĂˆä]äääʳɇ

NEW LISTING NEIGHBOURHOOD MALL - OSOYOOS UĂŠ"˜Â?ÞÊnĂŠ9i>Ă€ĂƒĂŠ"Â?` UĂŠ ˆ}Â…ĂŠ/Ă€>vwĂŠVĂŠ ˆ}Â…Ăœ>ÞÊÎÊ ÂœV>ĂŒÂˆÂœÂ˜ UÊÇÊ/Ă€ÂˆÂŤÂ?iĂŠ iĂŒĂŠ œ““iĂ€Vˆ>Â?ĂŠ1Â˜ÂˆĂŒĂƒĂŠÂŤÂ?Ă•Ăƒ ĂŠ "˜iĂŠĂ“ĂŠLi`Ă€ÂœÂœÂ“ĂŠĂ€iÂ˜ĂŒ>Â?ĂŠ ÂŤ>Ă€ĂŒÂ“iÂ˜ĂŒ UĂŠ*ÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠĂŠ iĂŒĂŠ ˜Vœ“iĂŠfÂŁĂ“x]äääʳɇÊ

Asking Price $1,895,000

OPPORTUNITIES:

-ĂŒĂ€>ĂŒ>ĂŠÂ?ÂœĂŒĂŠ ĂŠÂ‡ĂŠÂŁÂ™ĂŽĂ‡ĂŠĂƒ¾°vĂŒ°ĂŠ -ĂŒĂ€>ĂŒ>ĂŠÂ?ÂœĂŒĂŠ ʇʣÓ£äĂŠĂƒ¾°vĂŒ°ĂŠ -ĂŒĂ€>ĂŒ>ĂŠÂ?ÂœĂŒĂŠ ĂŠÂ‡ĂŠĂŽĂˆänĂŠĂƒ¾°vĂŒ°ĂŠ

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

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

MOBILE HOME PARK - MERRITT

Asking Price $1,595,000

UĂŠ Â˜ĂŒiĂ€ĂŒ>ˆ˜“iÂ˜ĂŒĂŠ >VˆÂ?ÂˆĂŒĂžĂŠUĂŠ i`ˆV>Â?ĂŠÂœvwĂŠViĂŠUĂŠ VĂŒÂˆĂ›iĂŠ>˜`ĂŠÂŤ>ĂƒĂƒÂˆĂ›iĂŠĂ€iVĂ€i>ĂŒÂˆÂœÂ˜ĂŠ UĂŠ*iĂ€ĂƒÂœÂ˜>Â?ĂŠĂƒiĂ€Ă›ÂˆViĂƒĂŠUĂŠ ÂœÂ“Â“Ă•Â˜ÂˆĂŒĂžĂŠV>Ă€iĂŠv>VˆÂ?ÂˆĂŒĂžĂŠUĂŠ i>Â?ĂŒÂ…ĂŠĂƒiĂ€Ă›ÂˆViĂƒ

Call Trev for all your Shuswap needs Bus: 250-832-7051 Direct: 250-833-8771 TF: 1-888-676-2435 trevmanzuik@remax.net Remax www.okanaganshuswap.com Shuswap

Please visit our website or call for more details.

LAND – OSOYOOS 21.8 ACRES PRIME HOLDING PROPERTY UĂŠĂŠ ÂœĂ€Â˜iĂ€ĂŠĂƒÂˆĂŒiĂŠÂˆÂ˜ĂŠÂ…Âˆ}Â…ĂŠĂŒĂ€>vwĂŠV]ĂŠÂ…Âˆ}Â…ĂŠiĂ?ÂŤÂœĂƒĂ•Ă€iĂŠ Â?ÂœV>ĂŒÂˆÂœÂ˜ĂŠĂœÂˆĂŒÂ…ĂŠÂœĂ›iÀÊ£]äääĂŠvĂŒ°ĂŠ ĂœĂž°ĂŠĂŽĂŠvĂ€ÂœÂ˜ĂŒ>}iĂŠ ÂŤÂ?Ă•ĂƒĂŠÂŁ]£ÇxĂŠvĂŒ°ĂŠĂƒiVœ˜`>Ă€ĂžĂŠĂ€Âœ>`ĂŠvĂ€ÂœÂ˜ĂŒ>}i UĂŠ/ÂœĂœÂ˜ĂŠĂƒiĂœiÀÊEĂŠĂœ>ĂŒiÀÊ>ĂŒĂŠÂ?ÂœĂŒĂŠÂ?ˆ˜i UĂŠ6iÀÞÊVÂ?ÂœĂƒiĂŠĂŒÂœĂŠÂ?>ÂŽi UĂŠ ˜VÂ?Ă•`iĂƒĂŠÂ…ÂœĂ•ĂƒiĂŠEĂŠÂœÂŤiĂ€>ĂŒÂˆÂ˜}ĂŠÂœĂ€VÂ…>Ă€`

Asking Price $3,150,000 2.13 ACRE DEVELOPMENT SITE UĂŠ/ÂœĂ•Ă€ÂˆĂƒĂŒĂŠ œ““iĂ€Vˆ>Â?ĂŠâœ˜ˆ˜} UĂŠ Ă€ÂœÂ˜ĂŒ>}iĂŠÂœÂ˜ĂŠĂŽĂŠĂ€Âœ>`Ăƒ UĂŠ*Ă€ÂˆÂ“iĂŠÂ?ÂœV>ĂŒÂˆÂœÂ˜ĂŠÂœÂ˜Â?ÞÊÎääĂŠviiĂŒĂŠĂŒÂœĂŠÂ?>ÂŽi UĂŠ ˜VÂ?Ă•`iĂƒĂŠĂ€iÂ˜ĂŒ>Â?ĂŠÂ…ÂœĂ•ĂƒiĂŠEĂŠÂ?>Ă€}iĂŠĂƒĂŒÂœĂ€>}iĂŠLĂ•ÂˆÂ?`ˆ˜}

Asking Price $850,000

COURT ORDERED FORECLOSURE SALE INDUSTRIAL BUILDING SUMMERLAND

UĂŠĂ“°Ăˆ{ĂŠ VĂ€iĂŠ-ÂˆĂŒiĂŠUĂŠĂŽä]äääĂŠĂƒ¾°ĂŠvĂŒ°ĂŠBĂ•ÂˆÂ?`ˆ˜}ĂŠĂœÂˆĂŒÂ…ĂŠ Ăˆ{nĂŠĂƒ¾°ĂŠvĂŒ°ĂŠÂœvwĂŠViĂŠĂƒÂŤ>ViĂŠUĂŠ Ă•ÂˆÂ?ĂŒĂŠÂˆÂ˜ĂŠĂ“ääÇÊÊU<œ˜ˆ˜}ĂŠ >Â?Â?ÂœĂœĂƒĂŠÂ˜Ă•Â“iĂ€ÂœĂ•ĂƒĂŠÂŤiĂ€Â“ÂˆĂŒĂŒi`ĂŠĂ•ĂƒiĂƒ° Asking $1,995,000

OfďŹ ce: 250-372-2277

VADIM KOBASEW

Email: mona@mcmrealestate.ca

250-492-2233 / 1-800-567-6770

www.mcmrealestate.ca

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 RE/MAX FRONT STREET REALTY, PENTICTON, B.C.

Interior British Columbia B5

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

PENTICTON – GOLDEN OPPORTUNITY!! OKANAGAN HOME W/ INCOME!!

$639,000

OKANAGAN CATTLE RANCH REDUCED UĂŠĂ“ÂŁĂ“°ĂˆĂ“ĂŠ VĂ€iĂƒĂŠĂ€>˜VÂ…ĂŠÂ?ÂœV>ĂŒi`ĂŠÂˆÂ˜ĂŠ iĂ€i“iÂœĂƒ]ĂŠ

UÊÊÎʓ>Â˜Ă•v>VĂŒĂ•Ă€i`ĂŠÂ…ÂœÂ“iĂƒ]ĂŠĂŽĂŠÂ…>ÞÊL>Ă€Â˜Ăƒ]ĂŠÂ…ÂœĂ€ĂƒiĂŠ L>Ă€Â˜]ĂŠÂŤĂ•Â“ÂŤĂŠĂƒÂ…i`ĂŠEĂŠiÂľĂ•ÂˆÂŤÂ“iÂ˜ĂŒĂŠĂƒÂ…ÂœÂŤĂŠĂœĂ‰ĂŠĂƒĂ•ÂˆĂŒiĂŠ UĂŠ7>ĂŒiÀÊEĂŠ}Ă€>∘}ĂŠÂ?ˆViÂ˜ĂƒiĂŠvÂœĂ€ĂŠx™ÓÊ 1 ° UĂŠ6i˜`ÂœĂ€ĂŠw˜>˜Vˆ˜}ĂŠ>Ă›>ˆÂ?>LÂ?i $1,950,000 excl equip & livestock OKANAGAN MEAT SHOP & DELI UĂŠÂŁĂ“ĂŠĂži>Ă€ĂƒĂŠÂˆÂ˜ĂŠLĂ•ĂƒÂˆÂ˜iĂƒĂƒ]ĂŠ>Ăœ>Ă€`ĂŠĂœÂˆÂ˜Â˜ÂˆÂ˜} UĂŠ7iÂ?Â?ĂŠ>ÂŤÂŤÂœÂˆÂ˜ĂŒi`ĂŠ>˜`ĂŠvĂ•Â?Â?ÞÊiÂľĂ•ÂˆÂŤÂŤi` UĂŠ / ĂŠfĂ“Ă“ÂŁ]äää $650,000 inc equipment

UʙÊ ,ĂŠÂ…ÂœÂ“iĂŠÂˆĂƒĂŠ>ĂŠÂ˜ÂœÂ˜ĂŠVœ˜vÂœĂ€Â“ÂˆÂ˜}ĂŠĂŒĂ€ÂˆÂŤÂ?iĂ? UĂŠ ˜VÂ?Ă•`iĂƒĂŠÂ…ÂœĂ•ĂƒiĂŠEĂŠĂŒĂœÂœĂŠÂŁÂŁĂ“xĂŠĂƒĂ‰vĂŠĂƒĂ•ÂˆĂŒiĂƒ UĂŠ ˆViÂ˜ĂƒiĂŠ>ĂƒĂŠ E ĂŠÂœĂ€ĂŠ6>V>ĂŒÂˆÂœÂ˜ĂŠ,iÂ˜ĂŒ>Â? UĂŠ ÂœĂ•LÂ?iĂŠ}>Ă€>}iĂŠÂŤÂ?Ă•ĂƒĂŠÂŤ>Ă€ÂŽÂˆÂ˜}ĂŠvÂœĂ€ĂŠn³Ê UĂŠ i>Ă•ĂŒÂˆvĂ•Â?Â?ÞÊvĂ•Ă€Â˜ÂˆĂƒÂ…i`ĂŠÂ?ÂœĂœiĂ€ĂŠĂƒĂ•ÂˆĂŒi Comes w/ Vacation Rental Website View more info @ www.buy-this-house.ca

ALF SANDERSON 604-691-6646 or 1-866-717-6989

Call Karen 250.490.8888

VISTA LAS GATAS ZIHUATANEJO, GRO. MEXICO

alf@naicommercial.ca

“HELPING YOU IS WHAT WE DO!�

P

ut three decades of real estate licensed practice to work for you! Over 15 years specializing in Hotel, Motel and Development Properties all over BC, with International and Canadawide marketing. Ten years as Broker Owner/OfďŹ ce Manager for Mixed Residential & ICI ofďŹ ces, and 10 years of FULL SERVICE real estate. Investors, Developers and Hospitality owners LIVE IN HOUSES, too! Whatever your Real Estate needs are, we have the experience (and interpreters) to do the job!

BLUE MOUNTAIN LODGE

a home, business and lifestyle; visitors pay to stay at your place, swim, boat, shop and kick back at picturesque Christina Lake. MLSÂŽ K3900575

HEATHER UNDERWOOD

250-443-4320 250-442-2124

VERA HOLMAN, 604-318-0024 verasellsvancouver@hotmail.com NORA VALDEZ, 604-351-0625 noravaldez@royallepage.ca ROYAL LEPAGE NORTHSHORE - fax 604-926-9199

heatheru@coldwellbanker.ca COLDWELL BANKER BORDER COUNTRY

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

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

xxx/kbofipggnbo/dpn

LFMPXOB-!C/D/

COLDWELL BANKER COMMERCIAL WORLDWIDE LARGE CONSTRUCTION PROJECTS UNDERWAY IN OUR AREA FORMER GROCERY STORE WITH APARTMENT PRIME DOWNTOWN LOCATION $124,900

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

CONDO PROJECT COURT ORDERED SALE

FIBRE GLASS TANKS, NEW PUMPS

5NIT #ONDO 5NIT #ONDO (OTEL $EVELOPMENT !CRES OF 0RIME 7ATERFRONT

POTENTIAL CO GEN PLANT 100 ACRES s ,ARGE )NDUSTRIAL 3ITE s -AJOR 0OWER ,INE s 'AS ,INE s 2AIL ,INE

$750,000

$799,000

MINI STORAGE

SENIORS GOLDEN LIFE 21 UNITS IN EXCELLENT CONDITION NICE RIVERSIDE LOCATION

$499,000

$2,990,000 $1,990,000 HOTEL & LIQUOR ROSSLAND, BC MULTI FAMILY SITE 22 LOTS – CLEARED STORE & RESTAURANT $649,000

LAND, BUILDING, BUSINESS 37,500 SF OF NEWER BUILDING

NEWLY RENOVATED RESTAURANT AND ROOMS. VENDOR WILL CARRY 1ST MORTGAGE AT A COMPETITIVE RATE.

$1,990,000

$1,490,000

FURNITURE & APPLIANCE

1ST TRAIL REAL ESTATE LTD.

(250) 231-5222 www.cbcworldwide.com www.coldwellbankertrail.com

(250) 368-5508

( CELL) ( FA X )

B6 Interior B.C./Business Opportunities

OWNERSHIP OPPORTUNITY – BUILDING SUPPLY STORE IN BC –

Kamloops, BC 38 Unit Motel in Aberdeen s /UTDOOR HEATED POOL s YRS OLD s "DRM LIVING QUARTERS s -ANAGEMENT IN PLACE Asking $2,399,000 share sale. 250-378-7378 or e-mail motelkam@gmail.com

NEED LIQUIDITY Financially secure development company looking for investment opportunities in distressed properties or projects, preferably multi-residential or commercial.

Willing to work in partnership. Email info to:

rbc@shaw.ca

Own your own IRLY Building Centre dealership. We are seeking entrepreneurs to be part of BC’s largest building materials and hardware chain. We offer advertising, computer & merchandising support. New and existing locations. Partnership opportunities available. Dealer - owned co-op. Receive rebates & patronage dividends. Contact Brad Dixon or Susan Robinson @ 1-800-663-3342 s www.irlybird.com

MOTEL

Kamloops, BC 67 units Restaurant Indoor Pool For Sale by Owner s #ENTRAL DOWNTOWN LOCATION s !CROSS STREET FROM REGIONAL HOSPITAL AND COURTHOUSE s 3TRONG ESTABLISHED CLIENTELE

Over 40 Years of Success!! s %XETER &OREST -ARINE 3ALES IN -ILES (OUSE s &ORESTRY RECREATIONAL INDUSTRIAL SALES s %XCLUSIVE $EALERS &OR 3UBARU (USQUARNA 4IMBERLAND 3TIHL (ARMAN 9AHAMA AND MORE s !VERAGING - SALES s 3ELLING "USINESS LAND BUILDING ALSO AVAILABLE

Call Wayne Walker 1-800-663-8426 250-395-3126

s #OMPLETELY RENOVATED WITH UP TO DATE FURNITURE AND lXTURES s )NCLUDES SQFT VACANT CORNER LOT FOR EXPANSION OR NEW DEVELOPMENT s -ANAGER AND STAFF APARTMENTS ON SITE

$5,200,000

KAMLOOPS, BC & AREA UĂŠTumbler Ridge BC qĂŠĂ“ĂŠĂƒĂŒĂ€>ĂŒ>ĂŠVœ““iĂ€Vˆ>Â?ĂŠ Ă•Â˜ÂˆĂŒĂƒĂŠ ÂˆÂ˜ĂŠ “œ`iĂ€Â˜ĂŠ VÂœÂ“ÂŤÂ?iĂ?°ĂŠ "˜iĂŠ Â…>ĂƒĂŠ 1438 sq ftĂŠÂŤÂ?Ă•ĂƒĂŠL>Ăƒi“iÂ˜ĂŒĂŠ>ĂŒĂŠ$219,000ĂŠĂŒÂ…iĂŠÂœĂŒÂ…iÀÊ ÂˆĂƒĂŠ3080 sq ftĂŠÂŤÂ?Ă•ĂƒĂŠL>Ăƒi“iÂ˜ĂŒĂŠ>ĂŒĂŠ$439,000° UĂŠĂŠPub, Liquor Store, RestaurantĂŠ ÂœÂ˜ĂŠ ÂŁĂƒĂŒĂŠ yÂœÂœĂ€]ĂŠ ÂŤÂ?Ă•ĂƒĂŠ Ă“Â˜`ĂŠ yÂœÂœĂ€ĂŠ Ăœ>ĂƒĂŠ ÂŁ{ĂŠ Â…ÂœĂŒiÂ?ĂŠ Ă€ÂœÂœÂ“Ăƒ]ĂŠ ĂœÂ…ÂˆVÂ…ĂŠ Â˜ÂœĂœĂŠ ˜ii`ĂŠ ĂƒĂ•LĂƒĂŒ>Â˜ĂŒÂˆ>Â?ĂŠ ĂœÂœĂ€ÂŽĂŠ LĂ•ĂŒĂŠ Ă€iyiVĂŒi`ĂŠÂˆÂ˜ĂŠĂŒÂ…iĂŠÂŤĂ€ÂˆVi°ĂŠ-Ă•ÂŤiÀÊLĂ•Ăž]ĂŠ Â…>Ăƒi]ĂŠ °ĂŠ ĂŠ $600,000 UĂŠĂŠRestaurant]ĂŠiĂ›iĂ€ĂžĂŒÂ…ÂˆÂ˜}ĂŠĂƒĂŒ>ĂžĂƒ°ĂŠĂ“nĂŠĂži>Ă€ĂƒĂŠÂˆÂ˜ĂŠ LĂ•ĂƒÂˆÂ˜iĂƒĂƒ]ĂŠLĂ•ĂƒĂž]ĂŠLĂ•ĂƒĂžĂŠ $90,000 UĂŠRetire or ?ĂŠ ĂœÂˆĂŒÂ…ĂŠ ˆ˜Vœ“i°ĂŠ ĂŽäĂŠ Â“ÂˆÂ˜ĂƒĂŠ vĂ€ÂœÂ“ĂŠ >“Â?ÂœÂœÂŤĂƒ°ĂŠĂ‡ĂŠĂži>Ă€ĂŠÂœÂ?`ĂŠĂ€>˜VÂ…iĂ€ĂŠĂœÂˆĂŒÂ…ĂŠĂƒĂ•ÂˆĂŒiĂŠ `ÂœĂœÂ˜ĂŠ Ă€iÂ˜ĂŒi`ĂŠ vÂœĂ€ĂŠ fÇxäĂŠ ÂŤiÀÊ Â“ÂœĂŠ ÂŤÂ?Ă•ĂƒĂŠ ĂˆĂŠ ÂŤ>`ĂƒĂŠ vÂœĂ€ĂŠ ÂŤ>ÀŽÊ “œ`iÂ?ĂŠ …œ“iĂƒĂŠ ĂœÂ…ÂˆVÂ…ĂŠ Ă€iÂ˜ĂŒĂŠ vÂœĂ€ĂŠ fĂŽxä°ääĂŠ i>VÂ…ĂŠ ÂŤÂ?Ă•ĂƒĂŠ ĂŽä½ĂŠ Ă?ĂŠ xä½ĂŠ ĂƒÂ…ÂœÂŤĂŠ >Â?Â?ĂŠ ÂœÂ˜ĂŠ “>˜ˆVĂ•Ă€i`ĂŠ Ă“°{™Ê VĂ€iiÂŽĂŠ ĂƒÂˆ`iĂŠ >VĂ€iĂƒ° ĂŠ $795,000 UĂŠĂŠMini MallĂŠxĂŠĂ•Â˜ÂˆĂŒĂƒĂŠÂŤÂ?Ă•ĂƒĂŠL>Ăƒi“iÂ˜ĂŒĂŠvÂœĂ€ĂŠvĂ•ĂŒĂ•Ă€iĂŠ `iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ>Â?ĂƒÂœĂŠÂ…>ĂƒĂŠĂƒÂ“>Â?Â?ĂŠL>VÂ…iÂ?ÂœĂ€ĂŠĂƒĂ•ÂˆĂŒiĂŠ `ÂœĂœÂ˜°ĂŠĂ“{Ă“ĂŠĂƒÂľĂŠvĂŒĂŠ ˆ}Â…Ăœ>ÞÊvĂ€ÂœÂ˜ĂŒ>}i°ĂŠ >Ă€Ă€ÂˆiĂ€i]ĂŠĂŠ °ĂŠ*Â?Ă•ĂƒĂŠiĂ?ĂŒĂ€>ĂŠÂ?ÂœvĂŒ°ĂŠĂŠ ,i`Ă•Vi`ĂŠ$399,900 UĂŠĂŠWarehouse for lease. ÂŤÂŤĂ€ÂœĂ?ˆ“>ĂŒiÂ?ÞÊ ÂŁn]äääĂŠĂƒÂľĂŠvĂŒĂŠĂœÂˆĂŒÂ…ĂŠÂ?Âœ>`ˆ˜}ĂŠ`ÂœVÂŽĂƒĂŠVÂ?ÂœĂƒiĂŠĂŒÂœĂŠĂŠ >“Â?ÂœÂœÂŤĂƒĂŠVÂˆĂŒĂžĂŠViÂ˜ĂŒĂ€i°ĂŠ$8.00 sq ft triple net UĂŠĂŠLand & Building for sale.ĂŠ <œ˜ˆ˜}ĂŠĂŠ >Â?Â?ÂœĂœĂƒĂŠVœ““iĂ€Vˆ>Â?ĂŠEʓÕÂ?ĂŒÂˆÂ‡v>“ˆÂ?ÞÊ>ÂŤ>Ă€ĂŒÂ‡ “iÂ˜ĂŒ°ĂŠ{]äääĂŠĂƒÂľĂŠvĂŒĂŠLĂ•ÂˆÂ?`ˆ˜}°ĂŠÂŁĂ‰Ă“ĂŠ>VĂ€iĂŠÂ?ÂœĂŒ°ĂŠĂŠ 6>Â?Â?iĂžĂ›ÂˆiĂœĂŠĂƒĂ•LĂŠqĂŠ`ÂˆĂ›ÂˆĂƒÂˆÂœÂ˜° $875,000 UĂŠĂŠ4000 sq ft Free Standing Building ĂŠ ÂœĂ€ĂŠ Â?i>Ăƒi]ĂŠ }œœ`ĂŠ ÂŤ>Ă€ÂŽÂˆÂ˜}]ĂŠ }œœ`ĂŠ iĂ?ÂŤÂœĂƒĂ•Ă€i° $12.00 per sq ft plus triple net

ĂŠ

Call MARVIN MATT

Will cooperate with realtors 100 Mile Realty

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

250-371-1055

Property taxes too high? • Is your 2011 Property Assessment value fair? • Is your assessment value equitable? • Is your property tax classification correct? • Have you received all available property tax exemptions? • Should you file an appeal?

Deadline for appeal is May 2, 2011 With over 20 years of property assessment appeal experience, PacWest Commercial Real Estate Advisors specialize in the annual Review and Appeal of property assessments, property tax minimization strategies as well as Property Transfer Tax appeals throughout British Columbia. Proactive Service, Proven Results Tim Down, AACI, P. APP, CAE, RI(BC) Property Tax Services

PacWest Commercial Real Estate Advisors T: 866-764-9147 F: 1-866-372-7172 E-mail: tim@pacwestrealestate.ca Web: www.pacwestrealestate.ca

1-888-374-3022 ""*-ĂŠ, /9ĂŠ / °

TEN ACRE BUSINESS PARK SITE West Kelowna. Projected gross income of approximately $425,000 in 2011. Existing 36,000 square foot building on 2 acre portion with surplus 8 acres for phased build out. Commercial zoning with 65% site coverage. Potential Site plans available. 2 titles, priced at $8,900,000

68 ACRE ALR SITE KELOWNA Prime Mission area location, borders on Mission Creek Greenway and 2,153 feet frontage on Gordon Drive. Tremendous long term potential. Three titles, with rental income. Asking $7,900,000

COURT ORDERED SALE: PENTICTON DEVELOPMENT SITE 9.4 acre site with income from existing RV park. Zoned Tourist Commercial, potential to rezone and subdivide. Asking $7,500,000

For Information, contact

JOE UNGARO 250 317-1819 joeungaro@shaw.ca

GARNET PROFIT 250 870-2391 gproďŹ t@shaw.ca www.RealestateKelownaBC.com

Royal LePage

mmatt@shaw.ca

www.realestatekamloops.ca

KELOWNA – UNGARO ALBRECHT

BUSINESS LOANS & MORTGAGES

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

UĂŠĂŠ"ÂŤiĂ€>ĂŒÂˆÂ˜}ĂŠLĂ•ĂƒÂˆÂ˜iĂƒĂƒiĂƒĂŠÂ‡ĂŠÂœÂŤiĂ€>ĂŒÂˆÂ˜}ĂŠÂ?Âœ>Â˜ĂƒĂ‰Â?i>ĂƒiĂƒĂ‰ ĂŒiÀ“ÊÂ?Âœ>Â˜Ăƒ UĂŠĂŠ Ă•ĂƒÂˆÂ˜iĂƒĂƒĂŠ Ă?ÂŤ>Â˜ĂƒÂˆÂœÂ˜ĂŠÂ‡ĂŠÂ“iââ>˜ˆ˜iÉ}Ă€ÂœĂœĂŒÂ…ĂŠV>ÂŤÂˆĂŒ>Â? UĂŠĂŠ ÂœĂŒiÂ?ĂƒĂŠEĂŠ ÂœĂŒiÂ?ĂƒĂŠÂ‡ĂŠÂ?œ˜}ĂŠĂŒiĂ€Â“ĂŠÂ“ÂœĂ€ĂŒ}>}iĂŠvˆ˜>˜Vˆ˜} UĂŠĂŠ Ă•Â?ĂŒÂˆĂŠ >“ˆÂ?ÞʇʍÕÀVÂ…>ĂƒiĂŠEĂŠVÂœÂ˜ĂƒĂŒĂ€Ă•VĂŒÂˆÂœÂ˜ĂŠvˆ˜>˜Vˆ˜} UĂŠĂŠ œ““iĂ€Vˆ>Â?ĂŠEĂŠ ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ʇʍÕÀVÂ…>ĂƒiĂŠEĂŠVÂœÂ˜ĂƒĂŒĂ€Ă•V‡ ĂŒÂˆÂœÂ˜ĂŠvˆ˜>˜Vˆ˜} UĂŠĂŠ Ă•ĂƒÂˆÂ˜iĂƒĂƒĂŠ*Â?>Â˜ĂƒĂŠÂ‡ĂŠÂ˜iĂœĂŠEĂŠiĂ?ÂˆĂƒĂŒÂˆÂ˜}ĂŠLĂ•ĂƒÂˆÂ˜iĂƒĂƒiĂƒ A no obligation assessment is just a call away.

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

Interior British Columbia B7

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

2500 - 53rd Avenue

KELOWNA, BC INDUSTRIAL SPACE FOR LEASE

-FBTF BOE PXOFSTIJQ PQQPSUVOJUJFT BWBJMBCMF #FBVUJGVM /FX #VJMEJOH -FBTF GSPN TR GU 0XO GSPN

$7.50/sq. ft. + NNN

VERNON, B.C.

OSOYOOS

PLUMBING BUSINESS, OSOYOOS, BC $99,000 20 year established home based business, well respected with long term customer base. "Workshop on Wheels", equipment & inventory included as well as client list. Seller will work with new owner for one month to assist in transition. A turn key operation. Owner wants to retire.

4708 - 34th Street 1SJNF 0LBOBHBO *OWFTUNFOU 0GGFSJOH /FX TR GU CVJMEJOH PO BDSF 'FEFSBM (PWFSONFOU BOE 4USPOH 3FUBJM 5FOBOUT

6015 LAKESHORE DRIVE $849,000 MLSÂŽ

• 2,000 to 16,000 sq. ft. • Additional parking/yard space available • Heated and sprinklered building • Up to 42’ ceilings • Large overhead doors • 3 phase power

3200 - 30th Avenue *O UIF )FBSU PG %PXOUPXO 7FSOPO 0WFS TR GU 0OF PG UIF CFTU MPDBUJPOT JO 7FSOPO

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

email: maryihme@remax.net website: www.maryihme.com

www.thepropertysource.ca

tf: 1.888.661.4434 p: 250.317.2707

3& ."9 7FSOPO

Heidi Lussi Personal Real Estate Corporation

.31 acre downtown lot includes main level commercial and up to 3 more stories for multi family residential use permitted. C1 downtown commercial zoning-plans available showing 18 residential units approved in 2006. Located across from Watermark Hotel, some lake views.

The Property Source Group

1-800-667-2040 1- 250-549-4161

Deutsche Beratung

This space is Àexible, so let’s discuss your requirements!

8121 MAIN STREET $649,000 MLSÂŽ

MARY IHME RE/MAX Realty Solutions

STEWART PEARSON TUQFBSTPO!TIBX DB GARY FRANCKS HBSZ!WFSOPOSFBMFTUBUF DPN

The HEIDI LUSSI Real Estate Team

• Easy in and out access • Accessible for large vehicles • Optional ofÀce space

Prime corner lot with over 300' of Hwy 3 frontage across from the Best Western & Rattlesnake Canyon Amusement Park. C3 zoning with 2,340 sf metal clad building, office space above set on .70 acre fenced flat lot. Consider for gas bar, convenience store, auto sales & repair, restaurant etc. Excellent exposure for any business.

MLSÂŽ

Office: 1-250-495-7441 Toll Free: 1-866-495-7441 GINO DAL PONTE

CINDY GARNER

DAL ANDERSON

GORDON KEITH

8507 Main Street, Osoyoos BC V0H 1V0

LIVE, WORK & PLAY IN THE BEAUTIFUL NORTH OKANAGAN For all your Real Estate needs call or visit us today!

Land + Building on 0.45 ac Lavington, BC

Incredible Acreage on Shuswap River – Mara, BC

s Highway exposure! s /WNERS RETIRING AFTER YEARS s /NLY RESTAURANT BETWEEN ,AVINGTON AND ,UMBY s 6ENDOR FIN AVAIL 4RADES CONSIDERED IN +ELOWNA 6ANCOUVER s $425,000 + HST

s ACRES W g OF FRONTAGE s )NCLUDES MODERATE HOME SHOP HAY BARN s "OAT INTO -ARA 3HUSWAP ,AKE FROM YOUR DOOR STEP s MINS FROM %NDERBY 3ICAMOUS s $949,000

Great Development Property near Okanagan Lake – Vernon, BC

s ACRES W SHOW HOME OLDER HOME s #LOSE TO ALL AMENITIES s !PPROVED FOR 2 2 # ZONING RESIDENTIAL UNITS s $3,250,000 + HST

s HOMES s CONDOS s HORSE PROPERTIES s HOBBY FARMS s RECREATIONAL PROPERTIES s COMMERCIAL OPPORTUNITIES Toll Free: 1-800-667-2040 Bus: 250-503-3487 Email: heidi@heidilussi.com Website: www.heidilussi.com

B8 Interior/Northern British Columbia OKANAGAN LAKE

Sicamous, BC

Multi-Unit Residential FOR SALE – 350 PRISTINE ACRES City of Vernon – OfďŹ cial Community Plan Designated Hillside Residential Reserve City services at Property line 5 legal lots – over 1 mile road frontage Adjacent to Predator Ridge World Class Golf Course and Sparkling Hill Resort and Spa – International clientele Information package available upon request $21,700,000 LARRY BENNETTO Cell 1-250-308-6025 Bennetto & Associates 1-800-667-2040 RE/MAX Vernon www.bennetto.ca

10 Unit Residential Townhouse Property. Gross revenue of $88,800/yr. Annual expenses: taxes $5,080, water/sewer $4,000, insurance $950. Asking $890,000 (sold in 2007 for $1,000,000). Potential to stratify units for resale. Email tekamar@telus.net or call 1-800-658-2345

SALMON ARM, B.C.

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

DEVELOPMENT OPPORTUNITY! Approved development sites; Dawson Creek BC, +- 15.8 Acres mixed use, single family, duplexes and multi family, engineering completed. View at www.Dawsonhills.ca. Asking $1,450,000 Kimberley BC; 5 +-acres approved for duplexes and multi family. View at www.kimberleycrossing.ca Asking $1,950,000

VTB considered for qualiďŹ ed buyers.

403-701-9844 or psalgado@westcastle.ca or psalgado@westcastledevelopments.com

FORT ST JOHN FOR SALE STRIP MALL s !PPROXIMATELY SQ FT s &IVE SPACES 'ROSS INCOME PER YEAR s 4OTAL EXPENSES 4AXES INSURANCE MANAGEMENT APPROX s !SKING PRICE ASSET SALE OR SHARE SALE Call Sterling Management Services Ltd 250-785-2829 Ask for Robert Herman robert.herman@sterlingmgmt.ca

VERNON & AREA

15-SUITE APARTMENT BLOCK

T R A D E S C O N S I D E R E D O N S E LE C T P R O P E R TI E S LAKESHORE DEVELOPMENT

Excellent investment opportunity!

$1,700,000

15 UNIT APARTMENT BLOCK centrally located in downtown core of Salmon Arm. Close to all amenities with lake views. Building has had a major renovation in 2010 worth in excess of $700,000 with new windows, hardie siding, elec., roof and more. Zero% vacancy with long term tenants.

strategies (Highest & Best Use- strip mall/motel/hotel). $1,550,000

www.shuswaphomesearch.com

Garth Lord, P.Eng. Personal Real Estate Corp. ÂŁĂŠnnnÂ‡ĂˆĂ‡ĂˆÂ‡Ă“{ĂŽxĂŠĂŠUĂŠĂŠÂŁĂŠĂ“xä‡nÎӇÇäxÂŁĂŠĂŠUĂŠĂŠglord@remax.net

UĂŠAcross road from public lake access on Okanagan lake. .23 level acre. OCP supports C10 in new waterfront development area. 3bdrm home w/longtime tenant. $725,000 UĂŠĂŠ iĂ›iÂ?]ĂŠi>ĂƒĂžĂŠ>VViĂƒĂƒĂŠ°Â™ĂŠ>VĂ€iĂŠĂœÂˆĂŒÂ…ĂŠÂŁ{ĂŽÂżĂŠÂœvĂŠ"ÂŽ>˜>}>Â˜ĂŠĂœ>ĂŒiĂ€vĂ€ÂœÂ˜ĂŒ°ĂŠ ÞÊ9>VÂ…ĂŒĂŠ Â?Ă•LĂŠ>˜`ĂŠ*>ÀŽ°ĂŠ*ÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠĂŒÂœĂŠĂ€i✘iĂŠĂŒÂœĂŠ £äʇÊ/ÂœĂ•Ă€ÂˆĂƒĂŒĂŠ œ““iĂ€Vˆ>Â?°ĂŠ*ÂœĂƒĂƒÂˆLÂ?iĂŠÂ?>˜`ĂŠ>ĂƒĂƒi“LÂ?ĂžĂŠĂœÂˆĂŒÂ…ĂŠ>`Â?>ViÂ˜ĂŒĂŠÂ?>ÂŽiĂƒÂ…ÂœĂ€iĂŠ properties. $2,900,000 -ÂŽ NURSERY UĂŠ Â˜ĂŠÂ…i>Ă€ĂŒĂŠÂœvĂŠ ÂœÂ?`ĂƒĂŒĂ€i>“Ê6>Â?Â?iĂžtĂŠ/Ă•Ă€Â˜ĂŠÂŽiĂžĂŠÂœÂŤiĂ€>ĂŒÂˆÂœÂ˜tĂŠ-ĂŒi>`ÞÊ Ă€ÂœĂœĂŒÂ…tĂŠ ÂľĂ•ÂˆÂŤÂ“iÂ˜ĂŒ]ĂŠ>Ă•ĂŒÂœÂ“>ĂŒi`ĂŠ }Ă€iiÂ˜Â…ÂœĂ•Ăƒi]ĂŠĂ›i…ˆVÂ?iĂƒ]ĂŠVœ“vÂœĂ€ĂŒ>LÂ?iĂŠÂ…ÂœÂ“iĂŠĂœÂˆĂŒÂ…ĂŠĂƒĂ•ÂˆĂŒi]ĂŠÂœvwVi°ĂŠĂ“äĂŠÂŤĂ€ÂˆÂ“iĂŠÂˆĂ€Ă€Âˆ}>ĂŒi`ĂŠ>VĂ€iĂƒĂŠĂœĂ‰ĂŠĂƒiĂŒĂŠĂ•ÂŤĂŠ for horses. $1,600,000ĂŠĂŠĂŠ -ÂŽ ACREAGE/RANCHES

RE/MAX Shuswap

Look Here For

Your Next Investment Opportunity MISSION - 7 ACRES - $799,999 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.

ABBOTSFORD - 2.5 ACRES - $699,900 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.

IRON CREEK LODGE - $699,000 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

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

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

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

B9

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

SPOTLIGHT Mining, movies and a long-shot ski resort providing all the adventure one town needs

4NJUIFST WBSJFUZ GVFMT HSPXUI DAVE HUSDAL

4NJUIFST # $

WESTERN INVESTOR f you head to Smithers in northwest B.C., you’re likely to encounter a variety of people: tourists, mine workers, outdoor recreation enthusiasts, forestry-crew types, skiers and, of course ‌ moviemakers.

Perhaps you won’t see them all at once, but the fact they exist is testament to a former boomtown looking for sustainability in a picturesque multi-use environment. The community of roughly 5,300 along the Yellowhead Highway and CN Rail mainline is a busy place – and one that’s capable of a realistic arctic look when necessary. That’s why it was chosen for some of the location shooting for The Grey, a Hollywood adventure flick starring Liam Neeson. The movie is a survival story about a group of oil workers who crash their plane in Alaska and encounter a pack of aggressive wolves. “We do have that amazing mountain that can depict that arctic look that a lot of location managers are looking for,� explainedHeather Gallagher, manager of theSmithers Chamber of Commerce.

Photo: Tourism Smithers

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Population 5,300 Trading area 20,000-plus Transport Highway 16, CN main line, daily air service Potential Hudson Bay Mountain ski resort, mining

Smithers is attracting a mix of miners, skiers and moviemakers.

Filming was underway in the Smithers area in January, and follows the shooting of another Hollywood production, Eight Below, in 2006. Bringing movie crews to town is easier when you have an established tourism sector – one that welcomes folks looking for adventure on the ski slopes and in the backcountry. The local ski resort,Hudson Bay Mountain, is a strong regional draw with a big focus on Prince George – northern B.C.’s most populous city – but it also attracts Lower Mainland skiers and visitors from far away, thanks in part to an airport whose main runway was extended a few years back to handle commercial jets. Now the area is served by direct flights each day to Vancouver and Prince George.

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The ski hill has a new ownership group as of last fall, following the former operator’s lessthan-stellar success with property development in the middle of a recession, and is expected to roll out some new property offerings early in 2011. Early development has focused on singlefamily lots with ski-in-ski-out potential on the mountain, which was once envisioned as a place for 6,000 beds of residences and accommodation. The long-established forestry industry keeps chugging along in Smithers, but it’s the mining industry that’s expected to grow, pushing adventure tourism and property development with it in a trading area over 20,000.

“There’s quite a bit of optimism in the area, and a lot of that’s relating to mining activity in the area,� said Re/Max realtor Ron Lapadat, a born-and-raised Smithereen. Mining activity in the surround Omenica mining region includes exploration for or production of gold, silver, copper and molybdenum – activity Lapadat said is heating up, with its effects trickling through the market. “There’s always positive spinoffs from any kind of major industrial and commercial development,� explained the veteran realtor. While housing isn’t by any means dirt cheap in Smithers, it has become comparatively affordable when stacked up against the real estate in adventure towns such as Golden and Revelstoke. An 1,100-square-foot, 20-year-old house in town will run you about $250,000, with that number jumping to $300,000 or more on five acres outside the town itself, Lapadat says. Higher-end properties such as lots in the new development of Watson’s Landing go for between $79,000 and – for lakefront views – $325,000. Single-family ski-hill lots are currently listed at between $140,000 and $150,000. Lapadat says the area has attracted a growing number of young professionals as well as skilled blue-collar types and shift workers.◆

/PSUIFSO #SJUJTI $PMVNCJB PRINCE GEORGE Opportunities

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

TERRACE INVESTMENT PROPERTY

DAVE MATERI COAST MOUNTAINS

Cluculz Lake Opportunity Perfect location for family fun & Investment! Parcel 1 - 55 acres, 3 titles $545,000 approx 1650’ of lakefront, easy access Parcel 2 - 26 acres, 2 titles $365,000 approx 1450’ of lakefront, hwy access Get ready for Spring ‌ Invest in waterfront now!

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.

ED

#8947: PRIME OFFICE BUILDING in downtown Dawson Creek, 2,700 sq. ft., 10 offices, boardroom, excellent parking. Asking only $10.00 sq ft. #9122: MACHINE SHOP / WELDING SHOP is ideal for fabrication. This is an active business for sale with land, building and includes a long list of machinery. 2400 sq. ft. on a 1/4 acre and has a 12' by 12' door with 13 foot ceilings. Lots of power with 3 phase, 230 V, 400 amp. Gravel yard, convenient location, buy it all for $275,000

LEAS

#9034: HILLSIDE VILLAS (90% SOLD) Brand new condos (total 1,917 sq ft each), 6 appliances, 2 bdrms & den up, full bsmt, well priced at $209,000. Great location & view of Dawson Creek, would make an excellent rental. Last phase & only 3 units left. Available immediately! #9690: INDUSTRIAL LAND - 27 acres of Industrial land on Bi-Pass (Dangerous goods) Highway. Approx 5 acres already fenced & graveled, all services are available, over 1000 ft of Highway frontage. Prime location across from the new Cal-Frac location & the Ferus nitrogen plant.

SOLD

#9452: 3200 SQ. FT. SHOP built for 4 individual bays with 14 ft. doors situated on 3 lots. Asking $560,000 and owner will consider leasing.

250-638-1400 DAVEMATERI CA

s 4ERRACE "# !CRES s "UILDINGS FROM TO SF s PHASES AMP POWER s COLD STORAGE WAREHOUSES FOR NURSERY TREE SEEDLINGS OR OTHER s 0ROPERTY IS SUB DIVIDABLE s 3KEENA 2IVER VIEW s (WY FRONTAGE ACCESS s 5NDERGROUND SERVICES s &ULLY FENCED s ,IVING QUARTERS ON SITE -,3š

L A N D Highway Exposure - 1/2 acre lot $789,500 near Costco, Winners & Future Shop 3664 sq ft building plus basement zoned M3 - Business Industrial 83.7 Acres within city limits $295,000 near the airport & Ritchie Bros city sewer & water available nearby OCP supports rezoning for res subdivision Riverfront Townhouse site $575,000 1.76 acres - approx 263’ of riverfront zoned RM1 - multiple residential preliminary drawings for 13 townhomes Residential Development Opportunity 13 lots - 1.1 ac located adjacent to Connaught Hill Park - walk to downtown zoned RS2 - single detached housing

#9593: 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. #9257: 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. #8542: INDEPENDENT VIDEO STORE for sale, been in business for over 20 years. Shows a steady income, long term lease is available on the building. #9394: 2 YEAR OLD 32 FT. BY 60 FT. SHOP designed for 2 separate users on .4 of an acre. Each unit with overhead door, mandoor and washroom. Fenced and graveled. Asking $295,000

Established Business For Sale $349,000 entertainment rental & event planning extensive equipment list & 2 cube vans over 13 years name recognition

Elaine Kienzle 250

563-8769

www.elainekienzle.com

#9635: 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. #8077: 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 DEVELOPMENT LAND 48.75 acres of residential land inside the boundary of Dawson Creek. Great investment opportunity. Asking $750,000 #7836: 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 #8755: STRATA LOT. Excellent location for a restaurant or high exposure franchise. Land only services plus paved parking for this 1/2 acre strata lot. Location is between the Pomeroy Hotel and Best Western overlooking the highway. Asking $295,000 #8664: COMMERCIAL LOT in downtown location, good central location next to dentist ofďŹ ce, across from doctor's ofďŹ ce, and optometrist ofďŹ ce. 45 x 120, great location for professional/medical ofďŹ ce. #7066: LOCATION, LOCATION, LOCATION 0.74 acres at the intersection of 17 Street and Alaska Highway. Ideal location for strip mall, service station, etc. #7441: 80 ACRES OF INDUSTRIAL LAND with highway frontage, railway tracks, water and sewer in the City of Dawson Creek. Asking $31,250 per acre

GO TO DAVEMATERI CA for a direct link to the above listing

SOLD

SOLD

#7545: 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.

Call listing realtor for complete info package

!SKING -,3š h/7.%2 3!93 3%,,v /VER SF OF # MIXED USE RETAIL AND RESIDENTIAL RENTAL UP TOP .EXT TO #ASINO #URLING RINK AND HAS GREAT EXPOSURE "RING YOUR IDEAS AND AN OFFER #ALL $AVE AT

B10 Northern British Columbia EXTREMELY BUSY LOCATION AVAILABLE IN WILLIAMS LAKE!! Building For Sale or Lease! Ideal space for franchise type operation. Great Hwy exposure, with ample parking. Video store has moved out after 12 years. Space is located in busy strip mall with convenience store, laundromat, beauty salon and pizza outlet. Currently residential suite in basement is rented. 1419 sq ft of retail/ office space available on main floor. Reasonably priced to sell or lease. Asking $229,000 Call for more details!

Dana Hinsche 150 Mile Realty Cell: (250) 398-0914 E-mail: DanaHinsche@ranchesonly.com

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

FORT. ST. JOHN

RECESSION PROOF BUSINESS

THRIVING TAXI COMPANY IN WILLIAMS LAKE, B.C. Only company in Williams Lake. Diverse business with contracts for CN Rail and Canada Post, WCB etc. Shares sale. Included: Land and Building, Cars and licenses. Business related equipment. Asking price $495,000 Over $750,000 Gross/year. Financial papers available on request. Call (250) 392-4056 or e-mail coral001@shaw.ca

www.ranchesonly.com

FORT ST JOHN INVESTMENT OPPORTUNITY

FOR SALE INDUSTRIAL COMPLEX 12,577sf Building Currently Leased 2.619 Acres located on 100th Ave Asking $1.6 Million (Exclusive) Modern business office space. Warehouse includes 10 TON overhead crane plus 3 work bays and 1 drive thru bay. Large paved yard plus covered storage. Excellent access off 100th Ave close to truck by-pass, city amenities & more. Viewing by appointment – call Ron for more information

LOCATION, LOCATION, LOCATION!

FOR LEASE

10004 - 94th Ave 2800 sq ft shop with office/reception area. 1-10’ & 1-12’ door + mezzanine for storage. $549,900 MLS# N4504434

Approx 10 minutes from town. 4 offices. Shop has 22’ ceilings, 10 ton crane over in-floor steel tracks, 5 bays (1 drive through). $9.25/ sq. ft. MLS# N4504464

GREAT INVESTMENT PROPERTY

REVENUE GENERATOR!

6511 Wildmare Sub., Chetwynd 10,000 sq ft with office/drive through wash bay. 8,000 sq ft leased until Nov/2011. 3.86 Acres. $900,000 MLS# N4504479

9424 - 100th Street 3 Units fully leased. Annual gross rents are $72,000/yr. Upgraded furnace & exterior, good exposure. $589,900 MLS# N4504195

RELOCATE & EXPAND HERE!

HIGHWAY FRONTAGE

9929 - Swanson Street

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

10.35 Acres, 12,500 sq ft Warehouse/Manufacturing Bldg, 5-18' overhead doors, 1-10 ton & 2-5 ton crane; office bldg has 3 offices & 10 x 32 Atco trailer. $3,200,000 MLS# N4504450

7142 – 252 Rd.

KATHY MILLER

NORTH EAST BC REALTY Ltd.

CURTIS ROBINSON PERSONAL REAL ESTATE CORPORATION

Remax Action Realty 1991 Inc.

Investing Our Energy In The North

kathy@bugkathymiller.com curtis@remaxaction.ca

RON RODGERS Managing Broker/Owner T: 250 785 4115 F: 250-785-4120 9912 100 Ave. Fort St John BC V1J 1Y5 www.northeastbc.com Email: ron@northeastbc.com

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

The Power Of Partnership!

— Your PRINCE GEORGE Commercial Professionals — FOR SALE

p Rate 8% Ca

1550 - 1st Ave .................................... N4504391 ..........44,080 sq ft warehouse ................$3,750,000.00 1440 - 2nd Ave .................................. N4504001 ..............5,386 sq ft office ............................ $450,000.00 1108 Boundary Rd ............................. N4504492 ..............9,000 sq ft warehouse ........................................ 1505 - 3rd Ave ................................... N4504231 ..............19,642 sq ft retail ..........................$1,250,000.00 2493 Perrin Heights .............................. N196245 ..............Residential land................................. $45,000.00 9444 Rock Island Rd. ......................... N4504171 ...............5,200 sq ft warehouse ............................... SOLD "Bee Lazee RV Park". ..........................N4504404 ...............Business/land/buildings .................$1,500,000.00

1921 Upland St. 12 unit apartment building 1440 – 2nd Ave. Quality extremely well maintained 5,386 sq ft Office Building. Professional Tenants.

3041 McGill Cres................................ N4504234 ..............17,000 sq ft retail

..................... $1,775,000.00

2222 Balsam Ave. – Quesnel ............ N4504291 ...............14,000 sq ft warehouse/office ...........$779,000.00 9368 Milwaukee Way ......................... N4504301 ...............31,640 sq ft warehouse ................ $2,500,000.00 1921 Upland St...................................N4504330 ..............12 unit multi-family .......................... $850,000.00 508 George St. ................................ N4504232 ...............retail (restaurant) .......................... $2,000,000.00 'Domano Florists' ................................N4503630 ...............Business Only ..................................$120,000.00 'The Inn Flower Place' ..........................N4503632 ...............Business Only .................................. $139,900.00

1108 Boundary Rd.

1527 - 3rd Ave ...................................N4504230 ...............4,772 sq ft retail ............................. $600,000.00

9,000 sq ft cement block building on 2 Acres in

971 Hart Hwy .................................... N4503912 ...............Land - 5.02 Acres ........................... $350,000.00

the Danson Industrial Park. Fenced compound.

Lot #1 Atwood Rd. ..............................N4504036 ..............Land - 78.8 Acres ........................... $850,000.00

$699,000

4986 Hartway Dr................................N4504045 ...............Land - 0.31 Acres.............................. $80,000.00 5008 Hartway Dr ...............................N4504046 ...............Land - 0.263 Acres............................ $70,000.00 Fraser Lake, B.C. ..........................N4504181-4194 ..............Land .................... Industrial/Commercial varying Chief Lake Rd...................................... Sub-lakeshores land ...................................................$20-35,000.00 1594 – 3rd Ave. ................................ N4504221 ..............13,372 sq ft retail/office ............... $1,900,000.00

1550 - 1st Ave. Investment Opportunity 3 concrete block warehouses on 3 Acres. 44, 080 sq ft total space.

26485 Telegraph Rd. – Vanderhoof .... N4504362 .............539 Ac. Residential ....................... $700,000.00 996 Central St. ................................... N4504419 ..............LAND ............................................ $190,000.00 978 Central St. ...................................N4504420 ...............LAND ............................................$185,000.00

FOR LEASE 1644 & 1842 - 1st Ave ................ N4503867 .............13,500 - 17,000 sq ft ..............WAREHOUSE 481 - 3rd Ave ............................. N4504221 .............5,526 sq ft + 2,976 sq ft ............ INDUSTRIAL 1108 Boundary Rd ....................... N4504015 .............9,000 sq ft ............................... INDUSTRIAL

9368 Milwaukee Way Located on 3.74 Acres, 31,640 sq ft major fabricating/manufacturing facility.

9809 Milwaukee Way .................. N4504147 .............2,945 sq ft ............................... INDUSTRIAL 9080 Penn Rd ............................ N4503984 .............25,660 sq ft ...........................WAREHOUSE 678 Vancouver St ...................... N4504034 .............1,985 sq ft ....................................... OFFICE River Rd.

250-961-5478 RE/MAX Centre City Realty

www.pgcommercial.ca Each office is independently owned and operated

.................................. N4503911 .............19,224 sq ft ......................................RETAIL

KEN Goss

GEORGE Weinand

250-565-7653

250-960-9556

B11

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

RECREATION FEATURE Olympic payoff proves elusive for Vancouver hotels and Whistler real estate sales

in Australia and 45 per cent from 32 per cent in the U.K.

WI STAFF WESTERN INVESTOR

8IJTUMFS SFBM FTUBUF welve months after the Winter Olympics ended in Vancouver and Whister, tourism and real estate officials are still searching for a definite reading on the impact of the giant games.

5

Undoubtedly a public relations hit – with international coverage and wild, wide public participation – the bottom-line numbers, as seen in hotel occupancies and Whistler real estate prices, are still not encouraging. Vancouver was voted the best Canadian destination by U.S. travel agents last month, but the city has won the same accolade for the eighth-straight year, so the Olympics are only part of the equation. Dayna Miller, Tourism Vancouver’s director of sales and travel trade, was in New York to accept the award. “This is significant because it’s voted on by travel agents – the front-line travel influencers who work directly with potential visitors to Vancouver,” said Miller. Meanwhile, Whistler Blackcomb hopes that exposure from the 2010 Winter Olympic and Paralympic Games will help attract new shareholders in its initial public offering (IPO). In a preliminary prospectus that Whistler Blackcomb used in announcing its IPO, the resort said it hopes to see the same post-Olympic boost experienced by Salt Lake City after the 2002 Winter Olympics. According to the National Ski Areas Association, in the five-year period following the Games, skier visits in Utah rose 6.2 per cent on average, a rate five-times faster than the North American ski industry as a whole. Surveys conducted by Tourism Whistler show global awareness of Whistler has increased substantially, with top-of-mind awareness rising to 42 per cent from 19 per cent in Germany, 62 per cent from 48 per cent

So far the rising knowledge of Whistler has not translated into higher real estate sales or prices. According to BC Assessment the market value of homes in Whistler is dropping, and one longtime local realtor agrees. “The majority of homes in the Resort Municipality of Whistler are worth slightly less on this year’s assessment roll than they were on the 2010 assessment roll,” saidJason Grant, area assessor. “Most homeowners in Whistler will see decreases in the -2 to -5 per cent range.” The news is not a surprise, said Whistler Real Estate’s Pat Kelly . If anything, BC Assessment’s numbers might be on the conservative side and some values may have dropped even further, he said. “Certainly the experience we’ve had is it has not gone up,” Kelly said. “I don’t expect it to change this year. “I would have to agree with their assessment.” When it comes to real estate sales in Whistler as a whole from July 2009 to July 2010, the current assessment period, there has been no increase in the number of transactions from the previous year and only a small increase in overall value of total sales, Kelly said. In fact, three of the four major sectors have gone down in value, he added. However, while Lower Mainland-based Grouse Mountain Resorts and Mt. Seymour Resorts and Okanagan-based Big White and Silver Star Mountain Resorts are seeing an increase in sales to date this season, none of the three resorts is leveraging Olympics exposure to lure new international business. The factors helping boost sales at each resort vary, but the primary ingredient at all three is the large snowfall that is expected to blanket much of B.C. this year as a result of the la niña

Photo: Scott Gardner

0OF ZFBS PO

observation deck, has attracted 10,000 visitors since it opened at the start of summer. “That’s been a tremendous draw for us,” said Mbaho. He said Grouse is only marketing locally and regionally. It hopes for, but doesn’t expect, an Olympics-related increase in traffic. “Having a show like NBC’s Today Show here, broadcasting for the duration of the Olympics, has increased our profile, and we are probably more familiar to Americans now,” Mbaho said. “We expect our neighbours to the south will be looking for us in the winter.” Michael Ballingall, senior vice-president of Big White and Silver Star, said that international traffic is expected to be flat this year at the resorts. “Nobody in North America is doing great numbers out of the European continent,” said Ballingall. “It’s a money thing,” he added, noting that the United Kingdom – one of the resorts’ largest international markets – has been hit hard One year ago exuberant crowds packed by the recession. Vancouver streets in Olympic celebration, Nonetheless, the resorts have seen a 3 per but hotel bookings quickly calmed down. cent year-to-date increase in ticket sales and weather pattern that is bringing colder tempera- 10 per cent increase in website traffic. Much of that is from the Canadian market, however. tures to the region. Mt. Seymour sales and marketing co-ordi- not from potential foreign visitors. nator Julie Mulligan wouldn’t disclose figures but said that the North Vancouver-based 7BODPVWFS IPUFMT mountain has sold more season passes this year In an outlook for 2011, Tourism Vancouver sees Vancouver hotel-occupancy levels fallcompared with sales last year at this point. She said the mountain is marketing to the ing to the 65 per cent to 70 per cent range , same customer base it has in previous years: after posting 90 per cent occupancy during the Lower Mainlanders. games. The forecast sees overnight visits to The Olympics was neither a boon nor a bust Vancouver from all markets rising 3.6 per cent for the mountain. Mt. Seymour’s regular local this year, from 2010, with most of the foreign traffic was, however, supplanted by tourists visitor increase from China. Industry analyst HVS International during the Games. Will Mbaho, spokesman for Grouse, attrib- forcecasts that revenue per available room in uted the resort’s higher sales this year not only Vancouver will remain flat this year, at $136, to the optimistic weather forecasts but to recent with Whislter down to $121 from a $149 aver attractions added to the resort. age in 2010. The company added a zip line two years ago However, with a record 22 citywide conventhat continues to draw new visitors. tions booked for Vancouver this year, plus the As well, the hill’s Eye of the Wind attraction, Grey Cup, hotel occupancies could be higher which is a wind turbine with an elevator and than expected, Tourism Vancouver notes.◆

/PSUIFSO #SJUJTI $PMVNCJB

HOTEL

Prince George, BC

Price $8,900,000.00

Successful Disposal Company For Sale Successful garbage disposal business in Prince Rupert, BC for sale. Share sale asking price of $580,000. For further information contact Vohora & Company, Chartered Accountants at 250 627 1371 or 604 541 9890.

Financial details available for serious enquiries only

120 spacious guest unit with full service hotel. Facilities for conferences, beautiful exterior with a relaxing indoor oasis. revenues are higher than the hospitality industry's average rates. Operates with non-franchise and well organized 100% unionized staff. Located on major Highway & minutes from the International Airport. Be proud to own this reputable Hotel Price of $8,900,000.00 Contact: John, C Nam Direct: (604) 805-9131 Fax: (604) 931-1209 Email: chungnamjohn@gmail.com Coldwell Banker Commercial Vancouver, BC Canada COMMERCIAL

Elementary School Complex (Smithers BC) Prime Central location with ample parking and municipal services 23,780 sq’ frame/block building on 1.41 acre zoned P-2 (public use) Allowed uses include extended care, cultural, recreational. Voluntary Social service organizations, senior’s facility.

Features 7 classrooms, administration, Gymnasium, kitchen, Library, music , learning assistance rooms and washrooms.

Well maintained and available school year ending June 2011

LEO LUBBERS Cell 250-847-1292 Office 250-847-5999

Bulkley Valley

Fax 250-847-9039

www.realestatesmithers.com lubbers@realestatesmithers.com

3

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HOT PROPERTIES CANADIAN $ IS NEAR PAR WITH U.S. $

LOOKING FOR A HOME IN THE METRO PHOENIX AREA? I recently Sold an 1800 sq. ft. 3 bed / 2 bath, 2006 built home in Chandler for $215,000 Introductory pricing now available on lakefront, marina, lake view and pond lots on Last Mountain Lake, SK Lot prices start at $165,900 for lake front; $135,900 for marina; $69,900 for lake view and $49,900 for waterfront pond lots. All lots have no immediate building commitment. Reserve your lot selection with only 5% down. Home package pricing and a limited number of marina slips are also available.

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

Acquire Realty

CAM BURRON U of S Alumni PRUDENTIAL AMERICAN VIP Relocation Specialist

480-786-4351 Email: camsellsarizona@cox.net www.camsellsarizona.com

ORIGINALLY SOLD FOR $460,000!!!

LOTS OF DEALS TO BE FOUND! Use a Saskatoon Born & Raised Realtor!!

The Future Team

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.

Call Toll Free: 1-855-234-3342

Contact us to start your portfolio today.

s !CQUIRE!: COM 13755 W Earll Dr, Avondale, AZ 85392 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, Goodyear and Surrounding Areas. We would love to help you ďŹ nd your vacation home or investment property.

Phoenix Area

Sold Price: $18,000 Currently Rented: $595 City: Phoenix Square Feet: 1,080 Year Built: 1973

Sold Price: $27,000 Currently Rented: $650 City: Phoenix Square Feet: 1,154 Year Built: 1962

Sold Price: $36,900 Currently Rented: $650 City: Youngtown Square Feet: 1,052 Year Built: 1958

Sold Price: $37,000 Currently Rented: $700 City: El Mirage Square Feet: 1,068 Year Built: 2000

Sold Price: $46,500 Market Rent: $725 City: El Mirage Square Feet: 1,145 Year Built: 2001

Sold Price: $61,888 Currently Rented: $750 City: Buckeye Square Feet: 1,096 Year Built: 2005

Sold Price: $67,000 Currently Rented: $900 City: El Mirage Square Feet: 1,609 Year Built: 2006

Sold Price: $85,000 Currently Rented: $950 City: Buckeye Square Feet: 2,097 Year Built: 2006

Sold Price: $95,000 Currently Rented: $900 City: Surprise Square Feet: 1,671 Year Built: 2004

Sold Price: $105,000 Currently Rented: $995 City: Avondale Square Feet: 1,678 Year Built: 2003

Sold Price: $150,000 Currently Rent: $1,250 City: Laveen Square Feet: 2,208 Year Built: 2005

Sold Price: $181,500 Currently Rented: $1,595 City: Goodyear Square Feet: 3,038 Year Built: 2005

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

Investment Opportunity Tenant in Place at $895 22169 W Tonto St, Buckeye 1,831 square feet, 4 beds, 2 baths, new carpet, fresh interior paint throughout, built in 2006. Located close to freeway, shopping and Sundance golf course.

For Sale: $87,500

Recreational Real Estate HOT PROPERTIES B13

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com sss

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

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DEAN RIVER RANCHES CHILCOTIN REGION OF BC

RESIDENTIAL LOTS POUCE COUPE, BC

W ASSESSED

PRICED BELO

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Èä{ ÈÈ{ ÇÈÎäÊUÊ£ nÈÈ xxn Ê­xÓÈή EXCELLENT FAMILY FARM PRESPATOU, BC

FINEST FARM LAND IN BC COMOX, VAN ISLE

VALUE

UÊ ÎÊ ÌÃÊ- `iÊLÞÊ- `i UÊ ÝVi i ÌÊ V>Ì ÊV ÃiÊÌ Ê> i Ì ià UÊ i à Ã\ÊÈÎÊvÌÊÝÊ£ÓÇÊvÌÊ«iÀÊ Ì UÊ -iÀÛ ViÊ>ÌÊ ÌÊ i UÊ V>Ìi`Ê Ê>ÊÀià ÕÀViÊÀ V Êi Û À i Ì UÊ $39,000 per lot

UÊ Ó]nääÊõÊvÌÊ{ÊL`À Ê i UÊ ÈÊ«iÀÃ Ê ÌÊÌÕL°Ê{x]äääÊVÀ «ÊÞ i ` UÊ ÎÓäÊ>VÀiÃÊ iÛi Êv>À > `Ê UÊ x]äääÊõÊvÌÊà «Ê i>Ìi` UÊ {]xääÊLÕà i Ê}À> >ÀÞÊ UÊ Õi ÊÃÌ À>}iÊ>Ài> UÊ $545,000

UÊ Î£{Ê Õà Ê}Àii Ê>VÀiÃÊ UÊ Õ ÞÊ ÀÀ }>Ìi`Ê> `Ê`À> i`Ê UÊ ÎÊÀià `i ViÃ°Ê ÕÌiÃÊÌ ÊÌ Ü °Ê UÊ Õ iÀ ÕÃÊ >À}iÊL>À ÃÊ UÊ µÕ ««i`ÊÌ Ê ÊÎääʳÊV ÜÃÊ UÊ ÝVi i ÌÊ Ã ÌiÊÜ>ÌiÀÊ UÊ 6.5M

2ICH /SBORNE RICH LANDQUEST COM

2ICH /SBORNE RICH LANDQUEST COM

#AMERON 3TONE CAMERON LANDQUEST COM

#AMERON 3TONE CAMERON LANDQUEST COM

+URT .IELSEN KURT LANDQUEST COM

KOOTENAY LAKEFRONT

563 ACRE RIVERFRONT EQUESTRIAN RANCH-PRINCETON

57 ACRES VALEMOUNT 205 LOT SUBDIVISION

PRIVATE RIVERFRONT HOBBY FARM - GRAND FORKS

TURN-KEY BUSINESS PRICE SLASHED

UÊ *À Û>ÌiÊÀ> V ÊL>V }Ê Ê À Ü Ê > ` UÊ x]xääÊõÊvÌÊ }Ê > Ê ÕÃi\Ê£äÊL`À ÃÊEÊ£ä UÊ >Ì Ã]Ê ÕiÃÌÊÜ } UÊ ÓÊ>``̽ ÊÀiÃ\Ê iÊÜÉÊÓÊL`À ÃÊEÊ Ì iÀ\ÊÎÊL`À à UÊ ÕÀ «i> Ê£ÇÊÃÌ> ÊL>À ]Ê >V iÊà i` UÊ , ` }Ê>Ài >]Ê«>`` V Ã]Êvii`iÀÃ]ÊÀ Õ `Ê«i UÊ $3,290,000

UÊ ÛiÃÌ i ÌÉÊ`iÛi « i ÌÊ «« ÀÌÕ ÌÞÊ Ê Ì ÃÊ, V ÞÊ Õ Ì> ÊÌ Ü UÊ 6> i Õ ÌÊ ÃÊ£Ê ÕÀÊ`À ÛiÊvÀ Ê >ëiÀ]Ê UÊ * >ÃiÊ£Ê>««À Ûi`Êv ÀÊÎxÊ ÌÃ]ÊÈÊ ÀiÊ « >ÃiÃÊÌ Ê} t UÊ >ÃÞÊÌ ÊÃiÀÛ Vi Ü>ÌiÀÊEÊÃiÜiÀÊ>` >Vi Ì iÛi ]ÊÃ> `ÉÊ}À>Ûi Ê > `ÊÊÊ$1,395,000

,ARRY ,AING LARRY LANDQUEST COM

&RED "ROWN FRED LANDQUEST COM

&RED "ROWN FRED LANDQUEST COM

*ASON #OLEMAN JCOLEMAN LANDQUEST COM

*ASON #OLEMAN JCOLEMAN LANDQUEST COM

LOVELY FAMILY OR EXECUTIVE HOME - NEAR 100 MILE HOUSE

TROPHY LAKEFRONT ESTATE SHERIDAN LAKE, BC

SHUSWAP LAKE DEVELOPMENT ACREAGE

11 ACRE MARINA HARRISON HOT SPRINGS, BC

10 ROOM MOTEL + MANAGER SUITE - LAC LA HACHE, BC

UÊ >À}iÊ ÌV i ÊEÊv> ÞÊÀ Ê UÊ i>Ìi`Êv À }Ê Ê ÌV i UÊ À> `Ê`iV ÊÜ Ì Ê ÌÊÌÕLÊ UÊ ÓÊi ÌÀ> ViÃÊvÀ Ê`iV ÊÌ Ê ÌV i ÊEÊ ÃÌÀÊL`À UÊ >À}iÊLÃ ÌÊÜ Ì ÊiÝÌÀ>ÊL`À ÊEÊL>Ì À UÊ ÕL iÊV>ÀÊ}>À>}iÊ>ÕÌ Ê` ÀÊ «i iÀ UÊ $419,900

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

UÊ £ÇxÊ>VÀiÃÊ ÀÌ Ê vÊ- V> Õà UÊ VViÃÃÊvÀ Ê- ÕÃÜ>«Ê > iÊ­ ÃÌiÞÊ À ® UÊ *À « Ãi`Êv ÀÊ Ê ÌÊÃÕL` Û Ã UÊ >À}iÊV i>Ài`ÊLÕ ` }Êà Ìià UÊ 7>ÌiÀÊ>VViÃÃÊÜ Ì ÊÃiV `>ÀÞÊÀ >`Ê>VViÃà UÊ `i> Êv ÀÊ`iÛi « i ÌÊ ÀÊ}À Õ«Ê«ÕÀV >Ãi UÊ $995,000

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

UÊ Vi]ÊV i> Ê> `ÊV âÞ UÊ « iÌi ÞÊÀi Û>Ìi`ÊÜ Ì Ê `iÀ ÊÀ à UÊ *À iÊ V>Ì UÊ VÀ ÃÃÊvÀ Êv> ÕÃÊ >VÊ >Ê >V iÊ > i UÊ `i> Êv ÀÊv> ÞÊ ÀÊÃi ÀiÌ Ài i ÌÊLÕð UÊ `Ê ÛiÃÌ i ÌÊ Ê>Ê}À Ü }Ê>Ài> UÊ $425,000

(EATHER AND -IKE $ILLON HEATHERANDMIKE LANDQUEST COM

$AVE #OCHLAN DAVE LANDQUEST COM

$AVE #OCHLAN DAVE LANDQUEST COM

"RIAN (ARRIS BRIAN LANDQUEST COM

&REDDY -ARKS

MOTEL BUSINESS OPPORTUNITY WELLS, BC

SOUTH CARIBOO ACREAGES VIEWS OF LAC LA HACHE

SQUIRREL COVE TRADING CO. CORTES ISLE - DESOLATION SOUND

THE JOLLY ROGER SECRET COVE, SUNSHINE COAST

ASPA PROPERTIES WEST KOOTENAYS

UÊ ÃiÊÌ Ê >À iÀÛ iÊ ÃÌ À VÊà ÌiÊEÊ ÜÀ Ê > ià UÊ Ài>ÌÊÌ Ê ÛiÊ> `ÊÜ À Ê> ÊÞi>À° UÊ }ÊÜi Ê > Ì> i`Ê Ìi ÊLÕ ` } UÊ Ìi Ê vviÀÃÊÎ{Ê Ìi ÊÕ ÌÃÊÜ Ì Êà > ÊÀiÃÌ° UÊ À ÃÃÊÃ> iÃÊfÊÓää]äää³ÊÌ iÊ >ÃÌÊÎÊÞi>Àà UÊ fx ]äää

UÊ xÊ ÌÃÊÜ Ì ÊÛ iÜÃÊ ÛiÀÊ >VÊ >Ê >V i UÊ ÌÃÊ ]Ê ]Ê ÊEÊ Ê>ÀiÊLiÌÜii ÊÓÊ ÊÎÊ>VÀià UÊ ÌÊ Ê ÊV ÃiÊÌ ÊnÊ>VÊ> Ü }ÊvÕÀÌ iÀÊ ÃÕL` Û°Ê« Ìi Ì > UÊ 7i ÊÌÀii`Ê> `Ê ÃÌÊ >ÛiÊÛ iÜÃÊ vÊÌ iÊ > i UÊ >VÊ >Ê >V iÊ ÕÃÌÊ>Êà ÀÌÊÜ> Ê>Ü>Þ UÊ $39,500 - $99,000

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

,INDA -ARKS

3A® Network Group

#ARSON $ORWARD CARSON LANDQUEST COM

*AMIE :ROBACK JAMIE LANDQUEST COM

COAST LODGE OCEAN FALLS, BC

OUT OF THE BLUE RANCH PRINCETON, BC

UÊ £Ó{ÊvÌ°ÊÜ>ÌiÀv ÌÊ i>ÀÊ*À VÌ À]Ê

UÊ ° ÈÊ>VÀiÊ > `ÃV>«i`Ê«À «iÀÌÞ UÊ £]nääÊõÊvÌÊÌÜ ÊÃÌ ÀiÞÊ« ÃÌÊEÊLi> ÊÃÌÞ i UÊ ÎÊL`À Ã]Ê`i Ê> `ÊÓÊL>Ì Ã UÊ Õ}iÊÜÀ>«Ê>À Õ `Ê`iV UÊ $590,000

UÊ ` À>L iÊ Ê vv À`>L iÊ Ê-ÕÃÌ> >L iÊ UÊ {°xÊ>VÀiÃÊ vÊÀ V Êv>À > `Ê UÊ {ää½Ê vÊ«À iÊÀ ÛiÀÊvÀ Ì>}iÊ UÊ * i ÌÞÊ vÊÃÕ ]Êà ÊEÊÜ>ÌiÀÊ UÊ ii`ÊÞ ÕÀÊv> ÞÊEÊÌ iÊ i } L À `Ê UÊ ,i ½`Ê iÊÜ Ì Êà «ÊEÊL>À Ê UÊ $389,000 No HST

UÊ > Ì>ÃÌ VÊ À ÃÌ >Ê > iÊ «« ÀÌÕ ÌÞÊ UÊ *À v Ì>L iÊÌÕÀ Ê iÞÊLÕà iÃÃÊÜÉÊ > >}iÀ½ÃÊ ÃÕ ÌiÊ UÊ `Ûi ÌÕÀiÊÌ ÕÀ à ]ÊÀiÌ> ÊEÊÀi Ì> Êà «Ê UÊ *À i]Ê } ÊÌÀ>vv VÊ V>Ì Ê UÊ V Õ`iÃÊLÕ ` }]Êv ÝÌÕÀiÃÊEÊÀi Ì> ÊiµÕ «° UÊ 7Ê*, Ê$399,000 + inventory

3A® Network Group

UÊ £Ê>VÀiÊ«> À> VÊ Vi> ÊÛ iÜÊ iÀV > Ê UÊ £]È£ Ê>VÊ vÊ /1, Ê ", -/ UÊ ÃÌ°ÊÊf{ÊÌ ÊfÇÊ ÊÃÌ> ` }ÊÌ LiÀÊ «À «iÀÌÞ UÊ 7iÃÌiÀ Ê i V ]Ê*>V v VÊ9iÜ]Ê-ÕL « iÊ UÊ *>ÀÌÊ vÊ>Êx°{Ê>VÀiÊÃÌÀ>Ì>Ê`iÛi « i Ì À]Ê }i > Ê-«ÀÕVi]Ê*>«iÀÊ ÀV ]Ê UÊ Ç]ÇääÊõÊvÌÊÊ*ÕLÊÉÊ,iÃÌ>ÕÀ> Ì /Ài L }Ê Ã«i ]Ê >V Ê ÌÌ Ü `ÊEÊ UÊ ÓÊL`À Ê Û }ʵÕ>ÀÌiÀÃ]ÊÓÊ >À >Êà «ÃÊ V Õ`i`

Õ} >ÃÊ >« iÊ]Ê Õ} >à À]Ê7iÃÌiÀ Ê >ÀV Ê UÊ ÝÌi à ÛiÊiµÕ « i ÌÊ ÃÌ EÊ7iÃÌiÀ Ê,i`Ê i`>ÀÊÊÊ Ã }Ê$1,990,700 UÊ $900,000 *ASON :ROBACK JASON LANDQUEST COM

#LIFFORD 3TONE CLIFFORD LANDQUEST COM

MUST SELL BUSINESS & GUEST RANCH / CAMPGROUND PROPERTY - TETE JAUNE LODGE GUN CREEK, BC

FLY-IN TROUT FISHING LODGE CRAZY BEAR LAKE, CHILCOTIN, BC

UÊ i>ÕÌ vÕ Ê££]Ç{xÊõÊvÌÊ `}iÊ UÊ " ÞÊÃÌi«ÃÊvÀ ÊÌ iÊ*>V v VÊ"Vi> UÊ >À}iÊV °Ê ÌV i ÊÜÉÊÜ> ÊvÀiiâiÀÊ UÊ > ÞÊLi`À ÃÊ> `ÊÃÌ>vvÊÀ à UÊ , } ÌÊ iÝÌÊÌ ÊÌ iÊ«ÕL VÊ` V UÊ Ã }]Ê«À>Ü }ÊEÊVÀ>LL }Ê>ÌÊÞ ÕÀÊ ` ÀÃÌi«°ÊÊ < Ê*, $239,000

UÊ ÎÓäÊ>VÀiÊV>ÌÌ iÊÀ> V ÊÜÉÊ À}iÊL>V ` ÀÊÀ> }i UÊ £ÓäÊ>VÀiÃÊVÕ Ì Û>Ìi`°Ê Àii Ê Ê«À «iÀÌÞ UÊ ÓÊ iÃÊ}i iÀ>Ì }ÊÀi Ì> Ê V i UÊ ÝVi i ÌÊÜ>ÌiÀÊ Vi Ãi]Ê ÀÀ }>Ì Ê«iÀ ÌÊ EÊ}À>â }Ê Vi Ãi UÊ -iÌÊÕ«Ê> `ÊÀi>`ÞÊÌ Ê} ]Ê > iÊÞ ÕÀÊ vviÀÊ Ì `>ÞttÊÊ$1,195,000

UÊ £ÎÊ>VÀiÃÊ Ê*i>Àà Ê* `ʳÊvi Vi`Ê }À>â }Ê > ` UÊ i Vi`ÊEÊVÀ ÃÃÊvi Vi`]Ê« iiÀÊ i UÊ >À}iÊL>À ÊÜÉÊ vÌ]ÊÀ Õ `ÊV ÀÀ> à UÊ xÊ« >Ìv À ÊÌi ÌÃ]Ê{Ê ÕiÃÌÃÊ >L ÃÊ UÊ 7>ÌiÀÊ Vi ÃiÊ ÊÓÊVÀii ÃÊEÊ«À Û>ÌiÊÜi Ê UÊ ÓÊ ÀÃÊ Ê vÊ7 ÃÌ iÀ]ÊÌ «Êà ÊÃ> ià $489,000

UÊ 6 ,9Ê Ì Û>Ìi`Ê ÊÃi }Êv ÀÊ i> Ì ÊÀi>à à UÊ £xÊÕ ÌÊ Ìi ÉÊ vv ViÉÊ£äÊÃiÀÛ Vi`Ê,6Êà ÌiÃÉÊ Ê V> «}À Õ `ÉÊÃÌ ÀiÉÊÀiÃÌ>ÕÀ> ÌÉÊ}>ÃÊL>ÀÉÊÈÊ ,Ê iÉÊ E UÊ xÊ>VÀiÃÊ ÊÌ iÊ À>ÃiÀÊ, ÛiÀÉÊ } Ü>ÞÊiÝ« ÃÕÀi UÊ -ÌÕ }Ê Õ Ì> ÊÛ iÜà UÊ À }ÊÞ ÕÀÊ vviÀtÊ Ã }Ê$795,000

UÊ À Ü Ê i>ÃiÊ>««À Ý°Ê{° ³ÊÀi ÌiÊ>VÀiÃÊ ­iÝ«°ÊÓäÎ ®Ê*À ÃÌ iÊÜ `iÀ iÃÃÊ UÊ /ÕÀ iÞÊÃi>à > Ê «iÀ>Ì Êà ViÊ£ n£Ê UÊ > Ê vÊÈÊ > iÃÊ Ê Ài>ÌÊÜ `ÊÀ> L ÜÊ ÌÀ ÕÌÊv à } UÊ }ÊLÕ ` }ÃÊ V°Ê` }Ê `}i]Ê Ü iÀ½ÃÊEÊ V ½ÃÊV>L ÃÊEÊ{Ê}ÕiÃÌÊV ÌÌ>}iÃÊÊ$450,000

3AM (ODSON SAM LANDQUEST COM

3AM (ODSON SAM LANDQUEST COM

-ATT #AMERON MATT LANDQUEST COM

-ATT #AMERON MATT LANDQUEST COM

$ENIS $ORE DENIS LANDQUEST COM

B14 Recreational Real Estate HOT PROPERTIES

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

N

CAMPBELL RIVER (15 MIN.)

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

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

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

TOLL FREE 1.877.239.4811

Realty Ltd.

COUVERDON.COM

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

ONLY 4 LOTS LEFT!

N

Located in the heart of Comox Valley, minutes from the Inland Island Highway (Dove Creek exit), Headquarters is situated at the base of Mount Washington and is 20 minutes from the Courtenay/ Comox International Airport. Features include expansive mountain peak views, rolling hills and the Tsolum River, which meanders through the property.

2 2 TO 7 0 AC R E LOT S FROM $249,900 AND UP

CAMPBELL RIVER (25 MIN.)

Acreage lots also available at Elkhorn, please enquire.

COURTENAY (10 MIN.) NANAIMO (60 MIN.) VICTORIA (165 MIN.)

Realty Ltd.

TOLL FREE 1.877.239.4811

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

COUVERDON.COM

Recreational Real Estate HOT PROPERTIES/Alberta B15

WESTERN INVESTOR FEBRUARY 2011

Live Easy... Work Even Easier!!! Fantastic home with business in the back. 13.5 acres total land with storage business. Check it out online. MLS CS304624 Asking $2.69M

www.TeamRush.ca Jerry Rush - 403-352-6775 NETWORK REALTY CORP. 3608 - 50th Ave, Red Deer 403-346-8900

THE CITY

INVESTMENT PROPERTIES 15 UNIT apartment, west end, all ones, many renos- 6.07 cap. Call for proforma 23 UNIT apartment, University area, nice condition and 5.75 cap. Call for proforma 13,231 SF RETAIL STRIP in Leduc, AB. 5 bays with good long term tenants. 9 years old. NOI over $161,000 per annum. 7.4 cap at $2,180,000. 1.45 ACRE INDUSTRIAL in Nisku, AB close to Edmonton Intl. Airport. 3,900 sf newer warehouse with 18’ grade door. Fenced and graveled. Oilpatch is back and rocking! $1,100,000 1.45 ACRE INDUSTRIAL, 6,000 sf warehouse, 1,575 sf office, mezzanine, 25’ clearance, 5 ton crane with yard rails. Heavy power. Perfect for welding/sandblasting. $1,400,000 68 PAD MOBILE HOME PARK in High Level, AB fully serviced, paved roads, underground utilities, fenced and landscaped, bare land condo titles. MOTIVATED OWNER WILL CARRY 75% FINANCING FOR A QUALIFIED BUYER INTEREST FREE FOR UP TO 2 YEARS!!! MLS $1,295,000 Looking for investment properties for all ICI categories. Fully qualified buyers. Call now for your complimentary evaluation and allow my 21 years of banking and 13 years of commercial real estate experience to assist you!

RICK D. JENKINS 780-990-6120 cell

POLARIS REALTY

Email: rdjri@telus.net Commercial Realtor

OF

CAMROSE T R C HE

EGIONAL

ENTRE OF

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

Selling Edmonton since 1987

Phone: 780-707-9395

REALTY EXECUTIVES POLARIS 4107 - 99th Street, Edm, AB T6E 3N4 Email: vtoffoli@shaw.ca • www.valtoffoli.com MULTI-FAMILY APARTMENT BUILDINGS: • 7 Stes in West Central; 6% Cap Rate. Very Clean & Well Maintained with Great tenant Profile.

DENNIS TWOMEY Economic Development Coordinator

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

Avison Young Real Estate Alberta Inc.

Val Toffoli

partnership. performance.

• 12 ste with 80% financing available! Ctl – Near downtown, College, Hospital, new proposed Stadium & LRT – Good size stes. Great Curb Appeal • 15 Condo Units – 13-1bdrm & 12-2 bdrm units. Ctl near downtown & college. REDUCED & open to reasonable offers. • 18 Stes (12-2 Bdrm, 5-1 Bdrm, 1 Bach) Extensive upgrading in & out (roof/windows/landscaping/ fencing). Hi Ratio financing available. East Ctl

LEASE Prime Whyte Ave Retail

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

www.ayeinvest.com

10516 82 Avenue, Edmonton, T6E 2A4 High quality main oor retail or ofďŹ ce space. 3000 sq ft. Loads of upgrades, more renovations in 2010. Includes large bsmet storage area, incentives and included three rear parking stalls. Street parking & publics transport steps away. $28 per sq. ft. plus $6.00 operating costs & utilities.

Please Call Michele Warwa-Handel

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

YOUR ADVANTAGE IN

ALBERTA

FIRST CLASS HOTEL IN GREAT CITY •Asking: $27.5M, •Revenue is about $6M •Premium 176 guest rooms & suites wrapped around 1ac 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 revenue income source •Located in big city downtown core with 4.9 acres of land and 102,000 sq. ft. building. FRANCHISE MOTEL NEAR CALGARY •Asking: $13.4M, •103 room, 4 storey •Revenue: $2.3M •High visibility from hwy. •Business is picking up & the best location with just 2 years old and growing MONEY MAKING FRANCHISE MOTEL •Asking: $10.07M •REV: $3,158,106 •3 yrs old, very busy location •Limited Service, 85 Rooms, located in very busy city LIMITED 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 FRANCHISE MOTEL IN CENTRAL AB. •Asking: $7.29M, 66 rooms, 2.35 Acres. FRANCHISE MOTEL WITH LEASED RESTAURANT & RENTAL PROPERTY •Asking: $7M •NOI: $837,000 •REV: $3,185,500 •42 rooms •Lounge and Liquor Store with Leased Restaurant & others FRANCHISE MOTEL •Asking: $5.99M •81 rooms •Located steady growth town with over 10,000 Population FRANCHISE MOTEL NEAR CALGARY •Asking: $5.07M, Revenue: $1.1M •48 Rooms with owner suite plus manager suites •Steady revenue during recession period FRANCHISE MOTEL NEAR CALGARY •Asking: $5M, •41 room w/ leased Boston Pizza •1.5 Acres, ready to add 20 rooms. 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 •Can be converted as franchise Motel WELL MAINTAINED MOTEL •Asking: $2.19M, •Revenue: $539,491 (3 yr avg.) •32 Room •1.98 Acres land •27 Kitchenettes, ďŹ tness room and manager suite. MOTEL WITH RV PARK •Asking: $1.57M •42 rooms, 3.89 Acres. •17 RV Site, 5 bedroom Managers suite CAR WASH NEAR CALGARY •Asking: $3.89M •Revenue: $700,000, •7 bay and 1 auto. •Year: 2004. GAS BAR & C STORE WITH AUTO CAR WASH •Asking: $2.48M •Revenue: $3,711,887 (10m) •NOI: $337,217 •Located booming central AB. GAS BAR WITH CAR WASH IN GREAT CITY •Asking: $1.67M •Revenue: $3,303,344, NOI: $260,000 •Fibreglass tank, 7 Bay coin and 1 Touchless Car Wash •10,000 sq ft building located on Trans Canada Hwy in Booming City! •Well settled station in great town.

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

HOTEL OPPORTUNITIES '&"563&% )05&Â… 300.4 XJUI WFSZ HPPE BOE QPTJUJWF USFOEJOH TBMFT /FXFS MJNJUFE TFSWJDF IPUFM UIBU TIPXT FYDFQUJPOBMMZ XFMM 1PPM XBUFS TMJEF BOE XFMM BQQPJOUFE DPNNPO BSFBT 5IJT IPUFM JT CFTU JO DMBTT XIJDI JT XIZ JU JT UIF NBSLFU MFBEFS JO B WJCSBOU BOE CPPNJOH FDPOPNJD SFHJPO 'BWPVSBCMF SPZBMUZ UFSNT /PO PXOFE QPQVMBS SFTUBVSBOU PO QBE PO UIF QSPQFSUZ 5IFSF JT B TFSJPVT VQTJEF GPS BO BTUVUF JOWFTUPS " WFSZ BUUSBDUJWF "TLJOH 1SJDF BU Â… - *.*5&% 4&37*$& 300.4 JO NJE TJ[FE DFOUSF UIBU JT SBNQJOH CBDL VQ "NFOJUJFT JODMVEF QPPM IPU UVC žUOFTT SPPN BOE NFFUJOH GBDJMJUJFT 5IFSF JT B DMFBS BOE QBJOMFTT QMBO BWBJMBCMF UP CSJOH WBMVF UP UIF OFXJTI BTTFU ° DBMM BOE XFÂľMM UFMM ZPV "TLJOH Â… 300.4 ÂżBHHFE MJNJUFE TFSWJDF IPUFM JO B NBKPS TFSWJDF DFOUFS UIBU XJMM TFSWJDF POF PG UIF MBSHFTU JOEVTUSJBM EFWFMPQNFOUT BOOPVODFE JO "MCFSUB 5IJT OFX QSPQFSUZ JT B QMFBTVSF UP TIPX XJUI UPQ HSBEF FOFSHZ FGžDJFOU DPOTUSVDUJPO &YDFTT MBOET GPS FYQBOTJPO PS B SFTUBVSBOU QBE 5FSSJžD žSTU ZFBS QFSGPSNBODF "TLJOH Â… /&8 )PMJEBZ *OO TUSPOH NBSLFU WFSZ HPPE PQFOJOH OVNCFST MFBTFE GSBODIJTFE SFTUBVSBOU "TLJOH Â… )05&- 1"$,"(& IPUFMT UPUBMJOH SPPNT JO NBKPS DJUZ "TLJOH GPS CPUI PS DBO CF QVSDIBTFE TFQBSBUFMZ Â… 300.4 IJHIXBZ MPDBUJPO JO UPVSJTU BOE SFTPVSDF CBTFE DPNNVOJUZ XJUI DPOGFSFODF GBDJMJUJFT MPVOHF BOE SFTUBVSBOU BOE OFXMZ SFOPWBUFE SPPNT 5IJT QSPQFSUZ IBT B HSFBU EFBM PG VQTJEF BT UIF FDPOPNJD ESJWFS JO UIF BSFB JT VOEFSHPJOH B NBKPS FYQBOTJPO 5IJT QSPQFSUZ JT B TNBSU CVZ XJUI BO "TLJOH 1SJDF BU Â… 300.4 XJUI MFBTFE SFTUBVSBOU BOE MPVOHF )JHIXBZ MPDBUJPO BEKBDFOU UP MBSHF JOEVTUSJBM BSFB JO NBKPS DJUZ 4USPOHMZ USFOEJOH QFSGPSNBODF DPNJOH PVU PG UIF SFDFTTJPO "TLJOH Â… '-"((&% )05&- */ ."+03 ."3,&5 300.4 MPVOHF XJUI 7-5T SFTUBVSBOU NFFUJOH BOE DPOGFSFODF GBDJMJUJFT CVTJOFTT DFOUSF žUOFTT SPPN BOE HVFTU MBVOESZ 3FOUBM JODPNF GSPN UFOBODJFT /VNFSPVT VQHSBEFT žOJTIFE BOE WFSZ XFMM NBJOUBJOFE "TLJOH For further information, contact Gary & RenĂŠe Anderson Hospitality Sales Specialists Direct: 780-432-1408 contactus@andersonhotelsales.com www.andersonhotelsales.com CENTURY 21 A.L.L. Stars Realty Ltd. Office: 780.434.4700

780-464-7700

780.428.7850

REALTY EXECUTIVES DEVONSHIRE (THE PARK)

www.realtyforyou.ca

iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ Estate Purchase 7>ĂŒiĂ€vĂ€ÂœÂ˜ĂŒ

Offering one of the nicest settings on Kootenay Lake on the North Shore of Beautiful Nelson, British Columbia UĂŠĂŽääĂŠvĂŒ°ĂŠÂœvĂŠ7>ĂŒiĂ€vĂ€ÂœÂ˜ĂŒĂŠĂœÂˆĂŒÂ…ĂŠĂ“nĂŠ VĂ€iĂƒ UĂŠ ÂœĂ€}iÂœĂ•Ăƒ]ĂŠLi˜VÂ…i`ĂŠĂ›ÂˆiĂœĂŠÂŤĂ€ÂœÂŤiĂ€ĂŒĂž UĂŠĂŽĂŠL`Ă€°ĂŠĂ“ĂŠL>ĂŒÂ…]ĂŠÂ…ÂœĂ•ĂƒiĂŠÂœÂ˜ĂŠĂŒÂ…iĂŠĂƒ>˜`ÞÊLi>VÂ… UĂŠfĂ“]nxä]äää

>Â?Â?ĂŠvÂœĂ€ĂŠÂ“ÂœĂ€iĂŠÂˆÂ˜vÂœĂ€Â“>ĂŒÂˆÂœÂ˜\ĂŠĂŠ£°Ă“xä°ĂŽx{°Â™ä{ä

www.westerninvestor.com

B16 Alberta

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

Alberta B17

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

Accelerating success.

FORT MCMURRAY OPPORTUNITIES TAIGA NOVA ECO INDUSTRIAL PARK - OPPORTUNITIES

INVESTMENT OPPORTUNITIES

BAYS FOR SALE OR LEASE

270, 280 & 290 MacLennan Crescent - Excellent opportunity with quality tenants in Mackenzie Industrial Park > 270 MacLennan Crescent PENDING >

380 Taiga Nova Crescent

7,500 square foot building on 1.33 acres

> List

price $4,200,000

> 280 MacLennan Crescent AVAILABLE > Bays for sale

> 15,000

> Bay 3, 2505 square feet, $1,090,000

>

square feet of newer fully leased buildings on 2.33 acre lot

NOI $672,000, List price $7,500,000

> 290 MacLennan Crescent PENDING

> Bay 4, 2505 square feet, $1,090,000

> 15,000

> Bay 6, 2513 square feet, $1,095,000

> List

square feet of newer fully leased buildings on 2.33 acre lot

price $9,500,000

> Bay 7, 2505 square feet, $1,090,000 > Bay 8, 2505 square feet, $1,090,000

240 Taiga Nova Crescent

405 Taiga Nova Crescent

145 Macmillan Road

Fort McMurray Business Centre > 16,800 square foot building

> Fully leased

> Fully leased

> Sits on 3.48 acres

> Annual escalators

> 2.5 acres of excess land

> Quality tenants

> Excellent investment with room to expand and enhance income

> Lease runs another 8 yrs > NOI $716,000 rising to $836,000 by 2015

> List price $9,500,000

RE-DEVELOPMENT OPPORTUNITIES 10020 MacDonald Avenue > Up to 50,000 square foot building

> Bay 102, 4588 square feet

> Bay 202, 3364 square feet

> Situated on 4.4 acres

> Bay 103, 4317 square feet

> Bay 203, 3364 square feet

> One building or two separate buildings on 2.2 acres each

> Bay 104, 4047 square feet

> Bay 204, 3364 square feet

> Bay 105, 3800 square feet

> Bay 205, 3315 square feet

> Bay 201 , 3703 square feet

> Bays available for sale or lease

53,300 SF lot with 13,000 square foot building, fully leased and ideal for re-development for office with good floor retail, hotel, or parking structure development. Prime downtown location

Krishna Investments, Taiga Nova Eco Industrial Park

New Star Capital, Taiga Nova Eco Industrial Park

This 6.75 acre development site offers the best possible exposure in Fort McMurray along Hwy 63 South, the ‘gateway to the city”. Prime for residential, commercial, retail, hospitality, or other developments

McMurray Bowl Land This 2 acre site offers Hwy 63 exposure along Street with existing buildings.Operate the Main businesses or re-develop the property. The site has 3 separate titles, so the opportunity exists to sell off portions of the property as desired. Massive exposure and excellent opportunity.

Twin Towers

> Up to 18,000 square feet on .89 acres

> Up to 15,000 square feet on 1.09 acres

> Build to suit your design

> Build to suit your design

on this development opportunity. List price $1,500,000

Golden Eagle RV Park Hwy Commercial Land (Group of 11)

TAIGA NOVA BUILD TO SUIT OPPORTUNITIES

Main Street and Gordon Avenue This 15,900 square foot site is ready to build a 21 unit condominium project to sell or rent out. Excellent value and location. Don’t miss out

This 1+ acre site is located in the heart of downtown Fort McMurray and has approval in place for 240 residential condominiums and 30,000 square feet of commercial/retail space. Available for less than $42,000 per door, List price $10,000,000

This 140 unit RV park sits on 29.04 acres of land with close proximity to the airport. Fully leased and ideal for a re-zoning application over to industrial use. This property offers excellent value and potential while offering a holding income. List price $23,800,000

MacKenzie Industrial Park for lease Brand new building. 3 bays available, 900, 1000 and 900 square foot units. Available with or without adjoining interior storage units. Reasonable rent and terms. Excellent value for the right tenant. Rates as low as $37/SF. Excellent office or retail location and use.

Ken Shebib, CCIM MOB +1 780 863 7355 Edmonton DIR +1 780 881 6297 Fort McMurray ken.shebib@colliers.com

B18 Alberta

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

INVESTMENTS SALES

PERFORMANCE SOLD

SOLD

Fabrication complex and assembly yard

SOLD

A portfolio of 13 restaurants

Historic character office building

Aecon Lockerbie Facility • Sherwood Park, AB

KFC restaurants • Alberta and British Columbia

840 Cambie Street • Vancouver, BC

SOLD

SOLD

SOLD

Office building

Retail centre

Medical centre

Midpark Court • Calgary, AB

Main Avenue Mall • Sundre, AB

Queen Street Place • Spruce Grove, AB

SOLD

SOLD

SOLD

Two single tenant office/warehouse buildings

Warehouse and shop space

Warehouse/office space in Highfields Industrial

6210, 6330 – 75th Street • Edmonton, AB

Fairview Industrial • Calgary, AB

Datalog Building • Calgary, AB

SOLD

SOLD

SOLD

Apartment building

Central Apartments • Brooks, AB

Fiesta Plaza • Olds, AB

INVESTMENT TEAM CALGARY EDMONTON

Retail centre

403-290-0178 780-463-3332

COMMERCIAL REAL ESTATE

SOLUTIONS

Build to Suit in Eastlake Industrial

Datalog Building • Calgary, AB

Earl Adelman, Associate Greg Albright, Associate Kelly Carver, Associate Broker Doug Grinde, Associate George Larson, Associate

Richard Lewis, Associate Bill Lloyd, Associate Jeff Robson, Associate Broker Ryan Swelin, Associate David Wallach, Broker

Office, Retail, Industrial

Land, Investment

SALES AND LEASING

SALES

Property Management

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

WWW.BARCLAYSTREET.COM

B19

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

COVER Fort McMurray faces a severe land shortfall as major projects fire up in the resurgent oilsands

3VOOJOH PVU PG MBOE DAVE HUSDAL WESTERN INVESTOR shortage of ready-to-develop land around Alberta’s oilsands boomtown has Fort McMurray officials wondering how they’ll meet the demands of 2011 and beyond – particularly as more major projects move forward.

Photo: Suncor

“We could be a year to a year-and-a-half with no single-family lots available,” said Bryan Lutes, president of both the local Urban Development Institute (UDI) chapter and the Wood Buffalo Housing and Development Corp. Only 17 months ago, back in September of 2009, the urban heart of the sprawling Municipality of Wood Buffaloboasted about 1,500 single-family lots ready for builders. That inventory had fallen to about 290 at the end of 2010, Lutes said. “The likelihood of us burning through those 290 in the next six months is very high,” Lutes predicts. “By this summer, we should be out of single-family lots, other than what’s in people’s inventories.” New lots could come on the market at the end of 2012 in the Parsons Creek/Parsons North area on the northern edge of urban development in Fort McMurray. Lutes says there’s definitely demand for the single-family lots in Fort Mac, and the lack of lots may limit what builders can do to reach Canada Mortgage and Housing Corp. (CMHC) projected 2011 new-housing numbers for the region. CMHC is predicting 600 single-family housing starts for all of Wood Buffalo, along with starts for 450 multi-family units in 2011. Lutes said there should be an adequate supply of serviced land for CMHC’s multi-family projection. Housing supply and cost has long been one

Photo: Shirley Lin

"

of many growth issues to dominate the agenda in Wood Buffalo and its urban heart, but the slowdown from the out-of-control boom of 2006 and 2007 has yielded a few steps forward. According to the municipality, Wood Buffalo’s rate of homelessness was down 41.9 per cent in 2010 from a few years ago, and that the actual number of people couch surfing in Alberta’s most expensive region had dropped to about 320. The root of homelessness in Fort McMurray is both the rate of growth in the city and the cost of living.

(TOP) Bryan Lutes, president of the local Urban Development Institute chapter and the Wood Buffalo Housing and Development Corp.: “burning through the land supply.” (LEFT) Oilsand projects have roared back to life as oil prices rise.

Consider rents in the boomtown: $1,792 for a one-bedroom apartment, $2,210 for a twobedroom and $2,525 for a unit with three or more bedrooms, according to CMHC’s figures from October 2010. The vacancy rate was around 5.5 per cent, but heading lower, in the estimate of locals.

4VODPS VQHSBEFS

Adding to demand will be things like the resumption of construction of Suncor’s Voyageur upgrader about 40 kilometres northwest of the city. Suncor announced in late 2010 that it wants

to hike overall oil production by 8 per cent per year in the coming years, mostly by hiking oilsands production by 10 per cent per year. Suncor’s capital budget for 2011 is roughly $6.7 billion, with about $4.18 billion of that amount to be spent on oilsands development – much of it mining and upgrading operations close to Fort McMurray. The average price of a single-family home in Fort Mac hit a yearly high of around $704,000 for November 2010 (it fell to $688,000 the following month), and the rental option is more than twice as expensive in Fort McMurray as it is in Alberta’s biggest urban centres, Calgary and Edmonton, where CMHC pegs the monthly cost of a two-bedroom apartment at $1,069 and $1,015 respectively. Still, investors looking for property in the oilsands capital can find one-bedroom apartment-style condos in the range of $230,000. Per-square-foot prices on many older condo properties are less than $300.

$PNNFSDJBM MBOE

More residential properties sold through the Fort McMurray Realtors Associationin 2010 than in 2009 (sales up 9 per cent), and Royal LePage True North Realty broker/owner Marian Barry expects a positive 2011. “Both inventory and sales have started to pick up and we anticipate that trend to continue with 2011 looking very positive for the housing market,” Barry said. The home-building sector isn’t the only one carefully watching land availability. Things are even tighter in the market for developable commercial and industrial land, in part because the province only committed to bringing more land on the edge of Fort McMurray forward for development in August 2010. Since that time, it has listed about 980 acres of land along Highway 63 south of the city with Avison Young. The realty and leasing firm was taking bids from prospective developers for the land until January 12, and was expecting to have a chosen developer by the end of the month. The asking price for 980 acres of

Please see Oil prices page B20

"MCFSUB

13,000 to 52,000 sq. ft. - Fall of 2011 • 4.44 Acre Site • 30' High Buildings • LARGE Rear Yard!

• Lease or Purchase Options • Experienced Developer & General Contractor

Mike George ...................... 403.396.0026 Bill Schoemaker ............ 403.391.2324 www.property-solutions.ca

B20 Alberta

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

Investor(s) Wanted Proven Area 15 Million Liberiacan@Yahoo.com

marketing your franchise?

raw land with three-plus kilometres of highway frontage? A cool $29.4 million, based on $30,000 per acre. “The government is going to select a developer to come in, take it over and do all the necessary planning and engineering. It’s likely somebody will be selling parcels probably 14 to 18 months down the road,� said Adam Kilburn of Avison Young. The serviced land can’t come too soon in the eyes of some. “We’ve received lots of interest from users, but the land won’t be in a position to be subdivided for users for probably a year to a yearand-a-half,� Kilburn added. Whomever is chosen to develop the parcel will have to spend a significant amount of cash on geotechnical testing long before earth starts moving and servicing can take place. That worries development industry officials such as Lutes. “You’d be lucky to see any dirt moved in 2011,� he said. “Typical development timeline is three years, from land in hand to product on the market.�

. BO BDSF

Call the

That’s not great news if you’re looking for parcels to develop in Fort McMurray, where scarce serviced-highway commercial land runs in the range of $2 million per acre, and other land for business/industrial uses can go for $1.35 million per acre, according to Lutes.

1-800-661-6988 (604) 608-5110 westerninvestor.com

COMMERCIAL (RE/MAX Excellence)

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

BUSINESSES z7 Bay Auto Wash - SE Edmonton. On 0.43 Acres - PENDING z18 Hole Golf Course - Central AB. 136 Acres. Well maintained. Power carts, driving range and more! - $2.75M z3 Restaurants (Business or Equipment & Leaseholds)Full details upon signing of Conf Agreement - Call For Info

CALL AYAZ OR SAM AT 780.641.1320 zA&W Franchise Partner Program- Edm loc - Call For Info zJoey’s Restaurant Franchises - Edm locations - Call For Info zFamoso Neapolitan Pizzeria Franchises- BC- Call For Info

CALL NATHALIE LACROIX AT 780.243.7757 zBottle Depot Business - Central AB. 5 Day Operation. $1.2M

CALL RAJAN NULLIAH 780.441.5419 zSouth Edm Indian Restaurant - Well Established - $200,000

CALL RAJ BHARDWAJ 780.983.4211

INVESTMENT zNisku Multi Tenant Building - Fully leased. On 1.24 ac - $2.4M zSwan Hills Hotel - $2M Revenue - $1.3M zPremier Lodge - Valemount BC - $4.88M zCamrose Hotels - Great Locations - $2.9M - $4.5M zSouth Edmonton - 44 rooms with expansion - $3.65M

CALL AYAZ OR SAM AT 780.641.1320

The same type of land would sell for a quar- 2VJDL GBDUT ter to a third of that price in many locations in Edmonton and Calgary, Lutes says. Add to the land cost the fact that labour costs Fort McKay are much higher in the north and it’s clear Fort FORT McMURRAY âœŞ McMurray isn’t a cheap place to build or buy. Some development costs can be double or 63 ALBERTA triple what they are elsewhere, Lutes says. The municipality is taking some steps to lower costs in the downtown area of the city, Lac La Biche Athabasca known as the Lower Townsite. Cold Lake A case in point: Wood Buffalo council passed 2 28 a resolution in December aimed at reducing Edmonton developer costs in 2011 in the Lower Townsite âœŞ 16 area covered in a redevelopment plan. While that may not be as good as it sounds, 'PSU .D.VSSBZ Lutes cautions, it won’t hurt. UDI was still "MUB looking for clarification from the municipality as of early January on the net benefits of the City population 72,363 council motion. Regional population 103,334 “This incentive program aims to make the Avg. single-family house price $686,000 long-term community objectives expressed in Rent, two-bedroom apt. $2,210 the Lower Townsite Area Redevelopment Plan Major oilsands projects in area 11 a reality,â€? said Dennis Peck, the municipality’s director of planning and development. townsite. Development charges in the lower townsite are higher than other areas because of the amount of infrastructure that needs to be *ODFOUJWFT According to the municipality, the initia- upgraded to support a higher density. tive will reduce development charges in Fort Downtown incentives aside, developers are McMurray’s downtown neighbourhood by 60 looking at a scarcity of land and rising demand per cent for development applications approved based on where the oilsands sector is expected in 2011. Upon approval of a development proj- to go in 2011 with oil prices comfortably over ect, the fees will be calculated at the reduced $80 per barrel. “Everything we are hearing cost. This decrease in fees is intended to sup- from the industry is saying everything is going port developers to plan projects in the lower to speed up here again,â€? said Lutes.â—† SASKATCHEWAN

GOLD

0*- 13*$&4 from B19

Edmonton’s Business & Investment Specialists

MULTI-FAMILY z20+ Units Strata Titled - $98,000 per door - PENDING z21 Units - Near NAIT - $105,000 Per Door z20 Units - 124th Street - $98,000 Per Door z15 Units - West Edmonton - $105,000 Per Door Additional M/F Buildings For Sale - Contact Miki Today!

CALL MIKI O’REE AT 780.200.6454

INDUSTRIAL z 118 Ave Redevel. Opp - 4500 SF Comm Office & Whse. - $624,700

CALL DEAN DRYSDALE AT 780.953.4585 zLand/Bldg For Sale - Spruce Gr. 5500SF on 0.7 ac. - $849,000

CALL ALLY PIRMOHAMED AT 780.604.0302

LAND z Nisku Commercial Land - 5 Lots. Zoned CS - $550,000/Acre z Nisku Land - 1.1 Acres - $479,000

CALL AYAZ OR SAM AT 780.641.1320

LEASING z Leduc Plaza - Prof/Medical Space Avail. www.LeducPlaza.com

CALL AYAZ OR SAM AT 780.641.1320

zHWY II Motel - 36 Rms. Excellent condition. 2.64 Ac. - $2.099M

z 10355 Whyte Ave - Retail Space 2770 - 5700SF. $38.00/SF + OP

CALL RAJAN NULLIAH AT 780.441.5419

CALL ALLY PIRMOHAMED AT 780.604.0302

zRetail Condo w/ Business & Inv- 9356 34 Ave. - $562,900

CALL RAJ BHARDWAJ AT 780.983.4211

z 250, 1261 & 2774SF - Spruce Gr. Full Commission to Tenants Rep

CALL MIKI O’REE AT 780.200.6454

w w w.RemaxComm.ca

Alberta B21

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

INDUSTRIAL BAYS FOR SALE/LEASE

Specializing in Motels & Hotels for Buyers and Sellers!!!

"WBJMBCMF JO UIF 5BJHB /PWB *OEVTUSJBM 1BSL 'PSU .D.VSSBZ TR GU UP TR GU "7"*-"#-& /08

www.MotelHotelSale.com Martin Park

Call Mike George: 403-396-0026 or Bill Schoemaker: 403-391-2344

T: 778-899-0201 Sutton Group - West Coast Realty #102 - 403 North Road Coquitlam BC V3K 3V9

www.property-solutions.ca

INVESTOR READY!

Edmonton Area - For Sale

Private Investor looking to purchase Light Industrial / Commercial Properties or Buildings with Tenants in place.

• Sherwood Park - 7.94 Acres (next to Costco) - $635,000 / acre • Drayton Valley - 52 Room Motel (new 2005) - $3,300,000 • Sherwood Park - 19.57 Acres Zoned C5 - $600,000 / acre

• Sherwood Park - 3.9 Acres (adjacent to Ford site) - $637,000 / acre • Mini Storage Investment - Located on 5.89 acres - $498,000 • Edmonton - 1,355 sq. ft. Industrial Condo - $350,000

Will consider any and all conditions.

• Regional Shopping Centre - Fully Leased - $6.55 Million - 8% Cap • West Edmonton Industrial Warehouse/OfďŹ ce - 14,319 sq. ft. - $1,500,000

www.scrcommercialrealty.com

780.841.1496 or dannyf@live.ca

OfďŹ ce • 780.417.5540 (Sherwood Park)

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

+1 780 420 1585 www.colliers.com National Insolvency Team Listings

Accelerating success. Multifamily Opportunity

Fort McMurray Opportunities

80.62 ACRES

31,680 SF on 4.36 AC

106 UNITS SOLD

21 UNITS SOLD

7 ACRES LAND

GRAVEL PITS

Bon Accord, AB Subdivided & rezoned, ready for immediate residential/ commercial development

Grande Prairie, AB Brand new facility, potential for, up to 14 bays, located in Four Mile Corner BP $2,950,000

Powell River, BC Well located, ocean views, 50% two bedrooms

Edmonton, AB NAIT area, estate sale, $72,143 per door

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

62 UNITS AVAILABLE

15 UNITS AVAILABLE

Edmonton, AB Extremely large units, all 2 and 3 bedrooms have 1.5 baths, above grade

Edmonton, AB West end location, one block away from approved LRT route, 6 - 3 bedroom suites

10020 MacDONALD DRIVE

Fort McMurray, AB SML 070029, SML 020038, SML 030011, SML 810079, SML 040002

38 UNITS SOLD

11 UNITS COMING SOON

Rick Argue

Mark Swaenepoel

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

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

Judicial & Office/Retail Opportunities 59.44 ACRES

160 ACRES

Parkland County, AB Country Residential, minutes from Edmonton

Stony Plain, AB Area structure plan completed, engineered and ready to go, financing available

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

1.75 Hwy ACRES Beaumont, AB 1.75 acres, highway exposure Ideal hotel location

155 ACRES

12,000 SF BUILDING

Parkland County, AB Country Residential development east of Stony Plain

Edmonton, AB Freestanding building close to Downtown, Ideal Owner/User

420 ACRES Parkland County, AB Next to Lake Eden Resort, good access to utilities

5,200 SF BUILDING Kavanagh, AB Located on Highway 2A. sitauated on 1/2 Acre

MULTI FAMILY LAND Morinville, AB 4.47 Acres of Multi Family Land for Sale, up to 99 units available

Steven Pearson DIR +1 780 969 3023 steven.pearson@colliers.com

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

Fox Creek, AB Twin buildings, great upside, assumable CMHC mortgage

22 UNITS PRICE REDUCED Edmonton, AB South side location, new windows, new boilers, substantially renovated

Edmonton, AB Central location, all new windows, new roof, one block from the new LRT stop

Amit Grover DIR +1 780 969 3006 amit.grover@colliers.com www.colliersmn.com\edmontonapartments

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

Hotels

Greater Edm. Opp.

DAYS INN

132,995 SF INDUSTRIAL FACILITY

Grande Prairie, AB 90 rooms, new construction $9,200,000

FOLDING MOUNTAIN RESORT Near Jasper National Park Motel, cabin, RV park, campground, excess development land, recently renovated

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

Sturgeon Ind. Pk., AB Sale or lease. 30,000 SF bays available. Abundant yard. Future CN Rail Service. Flexible completion options.

Rod Connop DIR +1 780 969 2994 rod.connop@colliers.com

Sean Day DIR +1 780 969 3002 sean.day@colliers.com

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

RESIDENTIAL CONDOMINIUM SITE

ECO PARK 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

Fort McMurray, AB 24-unit development permit

DOWNTOWN COMMERCIAL Fort McMurray, AB 1+ AC, zoned C5, 14,000 SF building, 2+ AC potential assembly size

22,000 SF INDUSTRIAL BUILDING Fort McMurray, AB Fully leased

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

INDUSTRIAL BAYS FOR SALE OR LEASE Ready December 1, 2010 Taiga Nova Eco Industrial Park

Ken Shebib MOB +1 780 863 7355 Edmonton DIR +1 780 881 6297 Fort McMurray ken.shebib@colliers.com

GROUP OF 11 LAND Fort McMurray, AB 6.75 AC, additional 7 AC adjacent site, Hwy. 63 & Gregoire Dr. exposure

B22 Alberta

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

• Commercial & Industrial Development Opportunities • Single Family Homes & New Apartments Required • 35 minutes to Edmonton and 60 Minutes to Red Deer

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

City of Wetaskiwin

For Details Contact: RONALD HOLLAND (780) 361-4404 Toll Free: 1-800-989-6899 Edm Dir: (780) 421-0953 rholland@wetaskiwin.ca

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

www.cwedm.com

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

780-420-1177

investment@cwedm.com

APARTMENT OPPORTUNITIES

INVESTMENT SALES

12 UNITS: All 1 bdms; Oliver area; built in 1958 14 UNITS: Twelve 2-bdms, northeast; new roof and windows 45 UNITS: All 1-bdms, built in 1981; northeast; new roof

MULTI-FAMILY LAND OPPORTUNITIES • 1.33 acres high density multi-family land in Wetaskiwin; can build a 40 unit building; $435,000 • 1.823 acres high density multi-family land in Wetaskiwin; can build a 90 unit building plus underground parking; $675,000 • 3.83 acres multi-family prime dev. land in Windermere, SW Edmonton Apartment product is in demand! Please call for our opinion of value of your building!

CHRISTOPHER KAMPHIUS or RAPHAEL YAU multifamily@cwedm.com

DEVELOPMENT OPPORTUNITIES +/- 3.84 ACRES: in SW Edmonton, Zoned IB (Industrial Business) ............................. $3,500,000 +/- 1.85 ACRES: in NE Edmonton on 50th Street ............................................. $2,250,000 +/- 13,068 SQ. FT. high density multi-family site ...................................................................... $850,000 +/- 0.31 ACRES: high visibilty location on 111 Avenue ....................................................... $610,000 CONTACT

JEFF MCCAMMON BAUER

OR DOUG

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

FORMER WAL-MART - MEDICINE HAT • High profile redevelopment opportunity • 12.95 acres / 100,287 s.f. building • $8,950,000 CONTACT HOWARD McCANN OR MARK McCANN

DUGGAN MALL - CAMROSE

MULHURST BAY CROSSING DEVELOPMENT LAND

• ±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

SOLD!

KENSINGTON CENTRE • ±88,834 sf well established fully leased centre in the heart of the Kensington neighbourhood anchored by Giant Tiger

• 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

14,707 SQ. FT. SHOWCASE WAREHOUSE

CONTACT DOUG FOGG OR DAVID COONEY

DEVELOPMENT LAND RIMBEY, ALBERTA

• Argyll Road / Sherwood Park Freeway • Clear span warehouse; dock & grade loading • $2,950,000 BRING OFFERS!

• 20.64 acres development land • Residential & Highway commercial

CONTACT JEFF McCAMMON OR RAPHAEL YAU

DOWNTOWN EDMONTON DEVELOPMENT LAND • 37,500 square feet • Significant parking and signage income • Zoned HA - Heritage Area

CONTACT JEFF McCAMMON OR DOUG BAUER

DOWNTOWN DEVELOPMENT LAND • +/- 16,166 square feet • Located within The Quarters downtown redevelopment area

CONTACT IAN NEWMAN OR JEFF McCAMMON

WINTERBURN INDUSTRIAL PARK

CONTACT DOUG RAE

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

CONTACT DOUG FOGG OR MARK MCCANN

• 8,000 sq. ft. building on 8.23 acres • New building constructed in 2008 • $336,783/annum net income • $3,950,000

CONTACT CHRIS SIEBEN OR ANDY HORVATH industrial@cwedm.com

FORT MCMURRAY

• Former Fort Theatre • Morrison Centre • 36,400 sq. ft. site which includes a • 52,437 sq. ft. office building & 14,500 sq. ft. building 35,555 sq. ft. development land CONTACT DOUG RAE OR BRETT KILLIPS

Alberta B23

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

"MCFSUB

Edmonton up, Calgary down

Edmonton officials back Katz plan

B

uilding activity in downtown Edmonton could heat up significantly in 2012 and beyond, depending on the outcome of a January 18 public hearing and whether city uilding activity in Alberta’s two largest council backs what city officials are recomurban centres went in opposite direcmending. tions in 2010, with Edmonton building Edmonton bureaucrats have completed permit values increasing over the previous their review of The Katz Group’s application years and Calgary building permit values to rezone lands for a downtown arena and falling. Edmonton permit values rose almost 11 per entertainment district, and are generally supcent in 2010 to reach $2.73 billion, up rough- portive of the proposal. “The recommendation for approval is ly $270 million from 2009 on the strength of strictly for rezoning the lands north of 104th more residential construction. Avenue, between 101st and 104th Streets,” Calgary, on the other hand, saw building said Gary Klassen, general manager of the permit values fall in 2010 by about 20 per city’s planning and development department. cent, from $3.65 billion in 2009 to $2.92 bil“This is not about the approval of a new lion in 2010. Still, Calgary officials aren’t exactly pushing downtown arena,” emphasizes Klassen. “This is strictly about the rezoning of those lands the panic button. “Values are down, but $2.92 billion is still a for use as an arena and entertainment district in the future. The actual development and healthy level of activity. To put it in perspective, consider that the average value between financing of a new arena are separate issues that, if approved, would be covered under 2001 and 2005 – the period leading up to other potential agreements with the city.” the record years – was $2.51 billion,” said The Katz Group, owner of the Edmonton David Watson, general manager of planning, Oilers, submitted the rezoning application in development and assessment for the City of April 2010. Calgary. Of Calgary’s total $2.92 billion in permit values for 2010, residential values were up 18 per cent year-over-year ($1.7 billion versus $1.44 billion in 2009) while non-residential values were down 45 per cent ($1.22 billion versus $2.21 billion in 2009). “Essentially what we’ve seen year-overhe principal city between Calgary and year is a reduction in stimulus spending,” said Edmonton recorded less-than-stellar Watson. “This is reflected most notably in the building permit totals for 2010. institutional sector with new projects down Red Deer recorded $118.9 million in new 83 per cent to $152 million from $901 million permits for 2010, a decline of 15.6 per cent in 2009.” from the previous year, and the lowest total In Edmonton, residential permit totals were for the last five years. also up over 2009, jumping by about $450 milRed Deer officials expect 2011 to show lion, or by over 34 per cent, to $1.76 billion. greater stability. They also note 2010 proWhile Edmonton’s permit values predictably duced a fair amount of activity, if not as much trailed Calgary’s at the end of the year, the capi- expenditure. tal city actually ran even with southern Alberta’s “Although 2010 showed a decrease in buildPrairie metropolis at times during 2010. ing permit values, it remained a busy year

B

Permits slowing down in Red Deer

T

8JOE GBSN JT CMPXJOH DMPTFS UP .FEJDJOF )BU

T

he Gas City is a step closer to being better known as the Windy City. The City of Medicine Hat received approval from the province’s energy regulator in late 2010 to construct a wind farm on its northeast edge. With the approval by the Alberta Utilities Commission (AUC), Medicine Hat city council must now decide whether to move forward Wind turbines may become a common site near with the wind farm, which would Medicine Hat. carry an approximate cost of $25 million to the city. The wind farm would be a visible change in a municipality that long used abundant natural-gas wealth to help fuel economic development. The project consists of four two-megawatt wind turbines, which would generate enough electricity for about 3,000 Medicine Hat residences. It would be located on the east side of Box Springs Road near the city’s northern boundary. “This is the next step in what has been an exhaustive process and now it’s up to council to decide whether or not it’s in the city’s best interest to proceed,” said Russell Smith, the city’s manager of energy sustainability. If city council approves the project, the target date for the erection of the wind farm would be late 2012 or early 2013. There are currently over 500 megawatts of wind power on the Alberta grid, enough power to supply four cities the size of Medicine Hat. In the long term, the AUC expects to see a significant increase in the amount of wind power currently connected to the Alberta electric system. Photo: Audubon Society

8 ) "5 ¤ 4 ) " 1 1 & / * / ( * /

within the inspections and licensing department as we dealt with an increased number of development permits related to secondary suites and a number of garage and deck permits,” said Joyce Boon, co-manager of Red Deer’s inspections and licensing department.

Builders brace for battle in Calgary

S

uburban home developers in Alberta’s largest city are looking at a year with a lot of questions ahead. While Canada Mortgage and Housing Corp. is predicting Calgary housing starts will decline very slightly from around 9,100 in 2010 to 8,900 in 2011 (still way up from

roughly 6,000 in 2009), some Calgary media outlets are predicting friction between the city’s new mayor and home builders, because Mayor Naheed Nenshi argues that the development industry must pay more of the costs of growth in the sprawling city. Noted the Calgary Herald in early January on the topic of development levies: “With a renegotiated suburban developers’ agreement close to arriving at council, the debate between making growth pay for itself and preserving suburban houses’ affordability is about to explode. Nenshi hasn’t let up in his comments since his election, arguing Calgarians have been subsidizing the low price of suburban homes. Several colleagues back his push for fiscal sustainability, but others will be wary of punishing [home builders].”◆ – Compiled by Dave Husdal

Pam Gill

(780) 455-4088

www.apartmentsinedmonton.com

EDMONTON

APARTMENT PROPERTIES

minutes north or red deer, ab

industrial lots for sale or lease

•HEAVY INDUSTRIAL ZONING, FULLY SERVICED $220k - $250k allowing for a wide range of uses per acre •Moments north of the city of Red Deer •Situated on the east side of Highway 2A north of Secondary Highway 597, - the main route to Joffre •Easy access via Highway 2, Highway 2A or Highway 597 •Turn key design build or build-to-suit packages available •Rare opportunity to own stripped and graded lots from 2.20 acres to 40 ac.

PLEASE CONTACT: BLACKFALDS INDUSTRIAL PARK INC. FOR FURTHER DETAILS

403-701-4273

6 SUITES, Cromdale ..................................................$575,000 8 SUITES, Downtown ................................................$584,000 9 SUITES, Inglewood .................................................$850,000 11 SUITES, NAIT .....................................................$1,067,000 12 SUITES, Downtown ..............................................$876,000 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 AN INDEPENDENT MEMBER BROKER

Want to sell your multi-family property in Edmonton quickly and easily?

Serious, qualified investor wants to buy a 6-15 unit apartment building in Edmonton in a middle of the road area. No “tough” areas. Please email macowan@telus.net

B24 Alberta

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

Each office is independently owned and operated.

EDMONTON AL BERTA

Equestrian Operation 40 acres - Edmonton, AB Area Large indoor arena with 30 regular plus 5 oversize stalls. Indoor lunging area and outdoor arena and numerous paddocks. Large home with 3 car garage. 2 bedroom mobile home is ideal for staff or added revenue. Turn key operation. Full with waiting list. Buyer would have instant cash flow. JOE & MATT GAGLIONE RE/MAX Real Estate 780-488-4000 or 780-953-3171 mgaglione@remax.net www.mattgaglione.com

2 COMMERCIAL CONDO COMPLEXES FOR SALE

3910-82 Avenue, Leduc

Two separate buildings on 4.5 acres in Leduc Industrial Park sold together or separately. Each building in new and vacant with 8 separate bays each with individual condo title. Six units 3900 sq.ft., 2 end units 3250 sq.ft. Grade loading 14’ x 16’ doors. Paved front and back with heavy truck access. Metal clad building. Pre engineered building. Provision for mezzanine. $8,400,000

Wayne Moen

Plus 4 vacant lots very profitable business Package deal or building’s only

6,000 SQ.FT. RETAIL/OFFICE BUILDING Only 3 years old Fully leased until 2015 $72,000 Triple Net

BED AND BREAKFAST VALLEYVIEW

14641-119 Avenue, Edmonton

New condo warehouse – The Wave on 119th Avenue. 5 Bays sold as a package 14641, 14645, 14649, 14653, and 14657 119 Avenue, 8505 sq.ft. on main level, mezzanine, zoned IM, on 0.41 acres of land. $1,490,000

at RE/MAX River City (780) 439-7000 • waynemoen@remax.net • www.waynemoen.com

INVESTMENTS CALGARY AREA

12,500 SQ.FT. INDUSTRIAL BUILDING

WAREHOUSE CONDOS FOR SALE

REVENUE OPPORTUNITIES

UÊTrailer ParkÊ£ÓÊÕ Ì]Ê« ÕÃÊÇÊÀià `i Ì > Ê ÌÃÊqÊiÝVi i ÌÊV>à Êv Ü

4-PLEX

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IN COLD LAKE PRICE $525,000 FULLY OCCUPIED

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Land, building and house with Licensed Restaurant and mini Golf Course 6400 sq ft

UÊ 2500 sq. ft.ÊÊ `ÕÃÌÀ > ÊL>ÞÊv ÀÊ i>Ãi 5000 SQ FT WAREHOUSE 2x 18 feet overhead doors with mezzanine

FURNACE CLEANING BUSINESS with 7000 clients list.

40 ACRE LAKE FRONT 40 acres lakefront with grovel zoned Country Residential

12,000 SQ.FT. WAREHOUSE

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LOCATION/REVENUE

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LOT. 16,800 SQ.FT.

UÊ 279 acresÊ V>Ìi`Ê iÝÌÊÌ Ê À ÃÃv i `ÊqÊ « ÃÃ L iÊ`iÛi « i ÌÊ« ÃÃ L Ì iÃÊ ÉUÊ ¾ acreÊ `ÕÃÌÀ > Ê > `Êv ÀÊ i>Ãi

6 bays @ 2,000sq.ft. $172,000 Triple Net

www.AlbertaInvestor.com JERRY RACZKOWSKI 780-932-2121 e-mail: jrcoach@telus.net RE/MAX Real Estate Commercial Division

Attention

GREAT

UÊ 141 acresÊ > iÝi`Ê Ì Ê À ÃÃv i `]Ê iÝVi i ÌÊ« Ìi Ì >

1.1 ACRE PAVED

INCLUDING 2,000 SQ.FT. MEZ/OFFICE.

LAND & BUILDING ONLY

$1,175,000

UÊ 137 acresÊÜ Ì Ê ÓÊ } Ü>ÞÊvÀ Ì>}iÊqÊ iÝVi i ÌÊ>VViÃà UÊ East BalzacÊqÊ Ê vÊ > }>ÀÞÊqÊ£x£Ê>VÀiÃ]Ê £ÓxäÊõ°vÌ°ÊLÕ }> Ü]Ê{ä½ÊÝÊnä½Ê+Õ ÃiÌ

4-PLEX FULLY OCCUPIED

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PRICE $519,000

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Agents: REACH QUALIFIED BUYERS FOR YOUR LISTINGS

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

UÊ Goalie Equipment & Development Õà iÃÃÊ ÀÊ-> i UÊ SOLDÊ809 sq. ft. "vv ViÊÉÊ,iÌ> Êë>ViÊv ÀÊ Ã> i]Ê >À}iÊ Ì For more information on these and other properties

call

DEVELOPMENT OPPORTUNITIES MULTI FAMILY DEVELOPMENT PROPERTY ΰxÊ , -ÊUÊ<" Ê, ÎÊÉÊ, {ÊUÊ, {Ê- / Ê

" " / -Ê£ÈÊ/"ÊÓ{Ê1 /$299,000 $695,000

DON SACKETT RE/MAX ACA REALTY

(403) 946-5657 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 B25

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

We Want Your Apartment Building! Tired of tenant issues, upkeep expenses and eroding equity? Aggressive mid-market apartment building consolidator is seeking additional assets in primary centers in Western Canada. Convert your equity to a secure interest-bearing instrument. We assume your debt! Call 403-618-7486 or email: apartmentconsolidator@gmail.com

ALBERTA IS AGAIN MOVING! MOTELS & HOTELS

≥ CAMROSE ALBERTA 68 room, full services Hotel. REDUCED - NOW $5M. ≥ FULL SERVICES 63 Unit Motel with Restaurant,

≥ clientele WAINWRIGHT Like New 60 unit motel - excellent and good occupancy, Asking $5.5M. ≥ PROVOST Brand new 44 unit motel. Asking $4.5M. (These motels can be bought as a unit or ≥ ≥ ≥ ≥

Pub, Liquor Store. Shows excellent Rev. Ask $7.7M

separately - same owner. CAMROSE 40 unit motel showing Good revenue. Asking $2.9M. CAMROSE 20 unit motel, (nice Ma & Pa operation) upgraded and very clean, Asking $1.2M. HARDISTY New 44 unit Motel to open in early 2011. Phone for details. NAMPA, ALBERTA in busy boom town, 16 unit motel, 100 seat lounge, VLTs, liquor store and restaurant. PRICE REDUCED TO $990,000!

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

OTHER INVESTMENTS

≥ DAYSLAND Convenience store and Gas Bar., ≥

Mechanical shop, all located on a 5 acre parcel with residence. Shows good revenue. Asking $575,000. ROUND HILL ALBERTA Fully renovated and expectionally clean hotel with tavern, 8 rooms, pool table, Lg TV screen, kitchen facilities. Great Ma and Pa operation. Asking $550,000.

Visit www.advantagecommercial.ca

or call

CONTACT DEVELOPER DIRECT:

780.396.9487

Edmonton

Lots of great Opportunities Sylvan Lake – the shortest distance between paradise and the place you call home

Well maintained 15 unit apartment building in great location with many interior upgrades plus new SBS membrane roof. Large suites, great mix, below 1% vacancy, always full with excellent on-site manager. Strong cash flows with existing CMHC Financing. Asking Price $1.625 million at 7.0% CAP Rate.

UÊÊ32 acresÊÜ Ì Ê>Ài>ÊÃÌÀÕVÌÕÀiÊ« > Êv ÀÊ£ÓäÊÀià `i Ì > Ê ÌÃÊ Ê>ÊÃÕ«iÀÊ V>Ì Ê Ê-Þ Û> Ê > iÊ$1,800,000 UÊÊ152 acresÊ vÊ > `Êv ÀÊ>Ê}Ài>ÌÊÀÕÀ> ÊÀià `i Ì > Ê`iÛi « i ÌÊÜ Ì ÊÛ iÜÊÌ Ê Õ Ì> ÃÊ> `Ê Ì iÊ > iÊ$2,999,000 UÊÊGarage Storage BaysÊ Ê-Þ Û> Ê > iqÊ>Ê}Ài>ÌÊ« >ViÊv ÀÊ> ÊÞ ÕÀÊiÝÌÀ>ÃÊ>ÌÊ>Ê}Ài>ÌÊ «À ViÊÃÌ>ÀÌ }Ê>ÌÊ$115,000°Ê ÊÌ Êwww.myspacegarage.caÊ> `ÊV iV Ê ÌÊ ÕÌ UÊÊNow's the time to buy lakefront @ Sylvan Lake, Õ Li>Ì>L iÊ«À ViÃ]Ê viÌ iÊ vÊ i Þ i Ì

Athabasca

Well maintained 23 unit apartment near river and down town in the vibrant and growing community of Athabasca. Many upgrades, excellent on-site manager with below 1% vacancy for the last 4 years. Large suites, great mix. Strong cash flows – cash on cash return of 16.7% with existing CMHC financing. Asking Price $1.75 million at 9.0% CAP Rate.

Please call 1-780-913-0563

RE/MAX real estate central alberta

Lakefront Property at Unbeatable Prices

780-233-8438 bkpage@telus.net

403-346-6655

• SELLING UNDER APPRAISED VALUE • 10 min from the "2011 Boom City" of Grande Prairie, AB • Serviced Residential and Commercial Lots • New school in subdivision (K - 12) • Vendor financing possible • Partnership on development possible with qualified investor/ developer

INVEST IN SYLVAN LAKE

BRIAN PAGE

Businesses, Investments, Sales and Lease Information

160 Acre Subdivision For Sale

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

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

CENTRAL ALBERTA

PAGE REGAN

ROB REGAN

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

780-490-9324 ar_ar@shaw.ca

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

Contact: Frank Hickey

P (403) 290-1990 F (403) 269-1853 frank@concordmortgage.ca UÊ ÕÀÌÊ"À`iÀi`Ê ÀiV ÃÕÀi AVAILABLE & 28 Block 2 lots 5 3, 4, 5, 6 Block 3 lots 2, 4, 5, 9, 10, Block 4 lots 1, , 18, 16 5, ,1 13, 14 19, 20, 22, 23

UÊ£ÉÓÊ VÀiÊ7> Ê"ÕÌÊ Ìà UÊ1 `iÀ}À Õ `Ê ÌÞÊ-iÀÛ Vià UÊf£ Î]ÈääÊ> `ÊÕ«t

UÊ*Ài Õ ÊÓ°x {°ÈÊ VÀiÊ ÃÌ>ÌiÊ ÌÃ

SOLD Lot 21

UÊ/Àii`ÊEÊ/Àii i`]Ê, }Ê Ã UÊÊÜÜÜ°À ÃiÜ `iÃÌ>ÌiðV> UÊf£Î ] ääÊ> `ÊÕ«t

B26 Alberta/Saskatchewan

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

CURRENT OFFERINGS

Private Lender 1st & 2nd Mortgages Competitive interest rates Fast approval Referrals welcome!

For further info contact: Lorne Ryz

1-888-229-0007 or 403-862-6465 c • 403-775-4343 f lorne@beauxproperties.com LAND ASSEMBLY OPPORTUNITY WITH EXCELLENT POTENTIAL 600 GORGEOUS ACRES IN LAC STE ANNE COUNTY, AB s $EVELOPMENT PERMIT IN PLACE s 4OP QUALITY COUNTRY RESIDENTIAL s #ONSTRUCTION COMMENCED s 2IVER AND BEAUTIFUL VIEWS LOOKING SOUTH s &ULL SERVICES TO PROPERTY LINE s #LOSE TO ALL SCHOOLS WITH BUS SERVICE s MINUTES TO 3T !LBERT 3TONY 0LAIN

For details please call 604-220-7696

ICI OPPORTUNITIES EAST CENTRAL AB 3 BAY TRUCK WASH - Convenience Store, Gas/Propane, only 3 years old, ďŹ nances available. FAMILY RESTAURANT - Owners retiring, will consider lease or sale of building and business. Family dining with proven ďŹ nancial record available to qualiďŹ ed buyers LIGHT INDUSTRIAL SHOP - 6,300 sq. ft., new in 2010, built for sale or lease, adjacent to new tank fab plant in Vermilion, AB

NORTHERN LIGHTS REALTY (2000) LTD 5008 - 49th Ave. Vermilion, AB

1-866-262-1649 Email: hlverm2@telus.net

¡ 2 Storey commercial building, 16th Avenue, North Calgary - $995,000.00 ¡ 33 unit apartment building condo title - $3,999,000.00 ¡ ProďŹ table European Deli & Bakery – Calgary - $279,000.00 ¡ Middle-Eastern restaurant & grocery – land & building, Calgary - $499,000.00 ¡ Beltline character ofďŹ ce & retail space for lease, Bus: (403) 240-4000 Calgary – Reasonable rates www.toolepeet.com ¡ 80 acre Springbank subdivision - $4,000,000 ¡ 0.82 acre Highway commercial - $500,000 development proforma available, Sicamous, BC ¡ 5625 sq ft Industrial Bldg on 4 acres – Langdon, AB - $1,500,000

100+ Site

MOBILE HOME & R.V. PARK (Collapsed Sale – Back on Market)

In booming community of Swift Current, showing a net return in excess of 9.5 %+. Appraisal & Phase 1 completed in December, 2010. All City services. Highway frontage of approximately 850 lineal ft. to Trans Canada Highway and directly across from new mall & casino. Asking Price: $1.7 Million (Previously at $1.8 Million) Mt. Sentinel Realty Ltd. W. TymoďŹ evich (Water T.)

928-726-9638

mt.sentinel@shaw.ca

Lan Acquisition an Servicing Interim/Constructio Financing Take-ou and Ter Financing

“Development Financing Specialists�

Calgary 403.509.0115

Mississauga 905.848.7700

Victoria 250.383.6761

Vancouver 604.632.9919

www.carevest.com GRAIN LAND INVESTMENT OPPORTUNITIES 25% DOWN BALANCE MORTGAGE (OAC)

Call today for your opportunity

VISIT OUR WEBSITE AT: www.calgaryland.net

Bridge Financing Short Term Financing

Leaders in Real Estate Lending

s ! &LAGGED 2OOM &ULL 3ERVICE (OTEL with large conference Facilities among many other outstanding features, superb location with excellent exposure and very high vehicular trafďŹ c, good operational performances that includes signiďŹ cant retail revenue, very good potential upside. Asking s ! &LAGGED 2OOM (OTEL 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 s ! 3UITE !PARTMENT #OMPLEX in superb condition, continuously operates at a very high occupancy level that yields excellent revenues, immediate possession, an excellent buy at s ! &LAGGED &ULL 3ERVICE (OTEL well located with highway exposure in a very diverse economic area, attested to by its continually 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 s ! &LAGGED ,IMITED 3ERVICE (OTEL in a very prime location, featuring excellent amenities including indoor swimming pool, it is relatively new, is currently in excellent condition and has no differed maintenance, enjoys excellent occupancy and ADR. Asking s ! &LAGGED 2OOM &ULL 3ERVICE (OTEL well located in a prime commercial area, a dynamic city, the stellar performance of its operation is attested to by its continuous outstanding growth in revenue, plus substantial up-side potential. Asking s ! &LAGGED 2OOM ,IMITED 3ERVICE (OTEL featuring a very high number of suites in its room mix, ďŹ tness centre, indoor Swimming pool and whirlpools are a few of its many amenities, its superb location is attested to by its continuous excellent revenue performances; the condition of the Hotel is very good. There is no differed maintenance. Asking

$"-("3: "3&" %&7&-01.&/5 -"/%4 EAST CALGARY - 17TH AVE SE 160 Acres near Stoney Trail $23.2 Million EAST CALGARY RY - 84 St. NE 160 Acres near Stoney Trail Million $32 Mi EAST CALGARY - 17 Ave SE 13.52 Acres Stoney Trail Frontage $6.08 Million EAST CALGARY - 17 Ave SE 98 Acres near Stoney Trail $15.6 Million EAST CALGARY COUNTRY HILLS BLVD 66 Acres Stoney Trail Frontage $6 Million CHESTERMERE - SIERRA VISTA Single & Multi Family, Retail, Golf Course, Area Structure Plan. 5-7 Units Per Acre 53 Acres - $7.95 Million 88 Acres - $13.2 Million 140 Acres - $21 Million 160 Acres - $24 Million

KEVIN MOORE (403) 617-2846 XXX DBMHBSZMBOE OFU

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RE/MAX Saskatoon

Ed Bobiash

Farm & Acreage Specialist 306-222-7770 s ed@edbobiash.com www.SaskLand4Sale.com View these MLSÂŽ listings on my website

GRAVEL DEPOSIT INVESTMENT LAND Wakaw Gravel Land - 160 acres

$350,000

ACREAGE DEVELOPMENT POTENTIAL Sterling Land = 70 +/- acres East of Saskatoon, bordering future development, rolling hills with natural bush $889,900 Blackstrap Lakefront - NE edge of Blackstrap Lake $1,475,000 Tamke Land = 160 acres on blacktop South of Saskatoon $559,000. Other 160 acre pkgs priced @ $299,900 and $349,900 Great Riverview Property 110.43 acres overlooking North Saskatoon River. $179,900 Hill Acreage Opportunity on 80 acres, East of Saskatoon off Hwy # 5 $109,900 Bradwell Grain land - very good production, 630 acres in a block w/treated waterline curb stop, currently rented for 2011 crop year. $599,900 Bradwell Hay Land/Acreage #2 Frontage South East of Saskatoon $89,900 Mathers Mixed Farm Pasture/Hay/Forest/ Recreational - with bungalow, 2 barns, machine shed and greenhouse. NW of Shellbrook 477 acres $289,900 Plunkett Farm Site power, workshop. Hwy #16 at Plunkett. 156 acres $89,900 508 1st Street - Well maintained 3 bedroom 1064 sq ft mobile home on owned 50x130 rectangular lot. Mature yard and future building site. Single Detached Garage has own power box, electric heat. $59,900 202 3rd Ave West - Unique Log Home on large lot backing golf course $449,900 Other land development opportunites pending. Call today. 306-222-7770

Saskatchewan B27

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

ICR Commercial Real Estate has co-brokered and enjoys working relationships with many national and international clients and brokers. If you require representation in Saskatchewan, ICR is a full-service Commercial Real Estate firm who provides brokers and their clients the highest quality representation in the Saskatchewan market. 100 – 261 1st Avenue North Saskatoon, SK S7K 1X2 Phone: (306) 664-6116 Fax: (306) 664-1940

840 48th Street East Saskatoon, SK S7K 3Y4 Phone: (306) 933-2929 Fax: (306) 931-0882

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2828 IDYLWYLD DRIVE NORTH

$9.75 MILLION SASKATOON SQUARE

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2603 STAR LITE STREET, REGINA STARLITE CENTRE

300 CONFEDERATION DRIVE CANADIAN TIRE, SPRING 2011

$6.5 MILLION

130,000 SQ. FT.

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410 22ND STREET EAST, SASKATOON, SK

$50 MILLION cooperating with

D! E AS E L 3911 MILLAR AVENUE cooperating with

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4015 MILLAR AVENUE cooperating with

D! E AS E L 6 – 8, 3603 MILLAR AVE MATRIX BUSINESS PARK cooperating with

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130 3RD AVENUE SOUTH, 323 ROBIN WAY cooperating BHP BILLITON PLACE with

219 ROBIN CRESCENT cooperating with

286 & 261 VENTURE CRESCENT

$8 MILLION

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515 NELSON ROAD

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415 CIRCLE DRIVE EAST

$3.4 MILLION WWW.ICRSASKATOON.COM

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B28 Saskatchewan

Search on for skilled workers

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askatchewan has the lowest unemployment rate in Canada, at 4.9 per cent, which has sparked a campaign to lure more skilled workers. The Saskatchewan Chamber of Commerce has launched a Labour Market Task Force to help businesses recruit skilled workers to a provincial economy that is said to be the fastest growing in the country. Chamber CEO Steve McLellan said the task force will be “quarterbacked� by the chamber, and is expected to involve industry groups, business, labour, post-secondary and government representatives looking at ways to deal with the current skills shortage. Various sectors, including mining, are already tackling the skilled-worker shortage, as is the province through the Ministry of Advanced Education, Employment and Immigration, McLellan said. Enterprise Saskatchewan, the province’s economic development agency, was also tasked with recruiting employees. A looming business succession issue exists as well, with some business owners looking to retire, McLellan said, adding that some operations have shut down because the owners can’t connect with other businesspeople who are willing to take over. “So how can we help encourage whatever is necessary to get younger, or other, businesspeople into that business to buy it out?� McLelllan told the Regina Leader Post.

Aussie floods raise all wheat prices

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looding in Australia has pushed wheat prices higher, with wheat for March delivery gaining 11.25 cents to settle at US$8.055 a bushel.

Realtors bullish heading into 2011

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growing population and attractive interest rates should spark more activity in Saskatoon’s housing market in 2011. That’s according to the Saskatoon Region Association of Realtors (SRAR). The association expects the housing market to grow after a weaker year that saw the number of home sales drop from 3,819 in 2009 to 3,558 in 2010 – a decline of 7 per cent. However, the average selling price still climbed 6 per cent, to over $296,000. The average price of a detached house in December 2010 was $300,693, up 3 per cent from December 2009. SRAR suggests the housing market is more stable now than the hyperactive scene seen in 2008, when the boom in commodity prices and real estate values was in full swing. “All indicators point to an active 2011 housing market. Optimism begins with the many economic development projects planned not only for Saskatoon but also in many areas of the province,� SRAR states. In-migration continues to increase with those moving to Saskatoon, from offshore and within Canada, “providing a catalyst for the housing market,� said SRAR executive officer Harry Janzen.

SASKATOON APARTMENTS

LICENSED FAMILY RESTAURANT - $165,000 Includes Land, Building & Equip.

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Accelerating success. FOR SALE

FOR SALE

240-103RD STREET EAST

1202-1204 EMERSON AVENUE

36,353 SF industrial manufacturing building • 4.66-acre site • 6,600 SF office and 11,440 SF Cover-All • List Price: $5,360,000 incl. equip. or $4,300,000 excl. equip. MLSŽ

•

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Ken Suchan* / 306 221 1825 / ken.suchan@colliers.com *

47,850 SF development site with three (3) bldgs. • 1,960 SF retail, 720 SF office and 5,470 SF car wash with eleven (11) car wash bays • List Price: $2,500,000 MLSŽ Kevin Johnson / 306 281 9929 / kevin.johnson@colliers.com

Ken Suchan is a Licensed Broker with Ken Suchan Realty Inc. and has a contractual relationship with Colliers McClocklin Real Estate

Colliers McClocklin Real Estate Corp. / 306 664 4433 / www.colliers.com/saskatoon CIR Commercial Realty Inc. / 306 789 8300 / www.colliers.com/regina

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t 1 per cent, the apartment rental vacancy rate in Regina is the lowest in Canada, confirms a recent annual survey by Canada Mortgage and Housing Corp. (CMHC), which notes that Estevan, Moose Jaw and Saskatoon also have very tight rental markets. The result has been higher rents Only 1 per cent of Regina apartments are in Saskatchewan’s capital, up to an vacant, the lowest in major Canadian cities. average of $881 per month for a twobedroom suite, compared with $832 a year earlier. Across the province, the average two-bedroom rent is now around $872 per month, CMHC reports. The low vacancy rate has convinced the City of Regina to not approve any further conversions of rental apartments to condominiums, at least in the near future. Appraisers say there is much more demand than supply for Regina apartment buildings. A report from B.R. Gaffney and Associates Ltd. says the price per suite for better rental buildings ranges from $75,000 to $90,000 with a capitalization rate of around 5 per cent. Less-than-prime buildings in less-popular locations are selling from $42,000 to $61,000 per suite, the study found. Estevan has seen its rental vacancy rate plunge from 4.5 per cent to 1.5 per cent as a recovery in oil prices drew more workers to southern Saskatchewan, CMHC reports. Moose Jaw is notable for having the highest average rental increase in the province, posting a 14 per cent increase from a year ago. Moose Jaw, with a 1.4 per cent vacancy rate and Saskatoon, at 2.6 per cent, are also close to the lowest vacancy rates in Canada. The Saskatoon rate is up marginally from a year earlier. Avison Young, Regina, notes that low mortgage interest rates, available to buyers through CMHC mortgage insurance coverage, and a high level of net migration to the province make the Saskatchewan multi-family market a prime investment going into 2011. Photo: Charles Phelps

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Prices also surged as dry, cold weather in the U.S. and China sparked concerns about global supplies. Canada, led by Saskatchewan, is the world’s second-largest exporter of wheat with annual exports averaging almost 14 million tonnes, although heavy rains hurt the Prairie planting season. A November 2010 U.S. Department of Agriculture report showed at least half the U.S. winter wheat crop affected by dry weather. The weather worries come on the heels of last year’s difficulties with the global wheat supply. A devastating drought damaged the crop in Russia and the Black Sea region, prompting Russia to impose an export ban that remains in effect.

was even better news was that job [growth] continued to improve over last year and wage increases are among the best in Canada.� Saskatchewan’s population reached 1,049,701 last year. More than 50,000 people ight major economic forecasters are pre- have moved to the province since the start of dicting that Saskatchewan will have the 2007 – the fastest and most sustained period fastest-growing economy in Canada in 2011. of population growth in decades. Saskatchewan’s economy is expected to The Fraser Institute recently ranked increase by an average of 3.7 per cent next Saskatchewan second in the nation in its year, well ahead of the 2.4 per cent forecast Canadian Investment Climate 2010 Report. for the national average. “There is a new optimism that is prevalent Enterprise Saskatchewan Minister Jeremy across Saskatchewan in the last three years Harrison noted that Saskatchewan’s popula- and it has contributed to our economic suction hit another record high in 2010. “What cess,� Harrison said.◆

Growth of 3.7 per cent leads nation

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,JOEFSTMFZ $PODSFUF PRAIRIE DEALS COMING SOON! 1SPEVDUT -UE •24 UNIT MOTEL - SK w/ INTERIOR HALLWAYS

Turn key concrete business in Kindersley, SK. Sale includes equipment, building and gravel pits. Staff will stay on and present owner/ manager will stay to train.

Contact: Brad@edgerealty.ca or call 306-463-4515

Subscribe

8 ) "5 ¤ 4 ) " 1 1 & / * / ( * /

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

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

•NEAR NATIONAL PARK - HOTEL, OFFSALE, RESTAURANT, POOL, - OWNERS RETIRING! •ASKING $750,000 80 + APARTMENT COMPLEX - 8% CAP CALL FOR DETAILS! 2 BUILDINGS SIDE BY SIDE - Regina, SK (1) 1757 Halifax - $225,000, Condo Sale (2) 1759 Halifax - 5550 sq ft - $439,000 FORT QU'APPELLE, SK - 120 & 102 Broadway Street. Buy as a package. Great location in town! $165,000 and $275,000 respectively. 240 FRONT FEET DEWDNEY AVENUE - Was a Car Lot! Asking $590,000 - Adjacent Storage Business - Great expansion possibilities! CONDITIONAL SALE 50 UNITS - in Regina. Apartments. Conditional Sale! 24 UNIT APARTMENT BLOCK GRAVELBOURG - 9 room Bed & Breakfast. - REDUCED - $199,900. On 2.39 acres 24 UNIT APT CONDO - Titled - Major renovation done - Moose Jaw, SK. Condo title. Asking $2.5 Million 5.5 ACRE DEVELOPMENT SITE - on #1 Highway - East side of Regina. Ideal development for hotel, motel, storage business. Asking $3.6 Million HOTEL with great upswing potential in Manitoba. Don't miss! Full service. 62 Rooms, Pool, 30 VLT's + Free Standing Nightclub - 500 seat capacity w/Beer Vendor store. Asking $3.2 Million. Net Income - $450,000! 4 HOTELS - Franchised Alberta - Great Locations! Total 374 rooms, conďŹ dentiality agreement and proof of buyers ďŹ nancial capabilities APPROX. 28,000 SQ FT - 3 story concrete building, Elevator, Multi Tenants, on approx., 40,000 sq ft lot Asking $2.9 Million WANTED: Apartments Strip Malls, Hotels/Motels ALL LOCATIONS

Ajit Matharu • 306-581-3130 Email: ajitregina@gmail.com

Charmaine Luscombe • 306-535-3948 Email: charmaine.luscombe@gmail.com

HOMELIFE CRAWFORD REALTY Serving Regina for Over 25 Years!

B29

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

REGIONAL ROUNDUP Brandon’s can-do attitude, economic muscle keeps it punching above its weight

)FBMUIZ OVNCFST GEOFF KIRBYSON WESTERN INVESTOR

Photo: City of Brandon

Manitoba’s second-biggest city is not only well positioned for 2011, it doesn’t appear to have broken stride in the two previous years either. The housing market continues to chug along, vacancy rates are rock-bottom, construction of major projects is booming and disposable income is growing by leaps and bounds. “We never had a recession in Brandon,” said Kit Harrison, a broker for Sutton Harrison Realty. “We have steady employment and we have lots of new [home] buyers coming into the marketplace. People are coming back and they’re finding jobs.” The value of a typical house in Brandon – a 1,000-square-foot, three-bedroom bungalow – rose 6.5 per cent last year to about $187,000. Even more impressively, the dollar value of homes sold in 2010 hit $230 million, an all-time high. “Those are very healthy numbers,” Harrison said. Brandon’s new – and first – woman mayor, Shari Decter Hirst, shares Harrison’s optimism and is confident the city can reach even greater highs. Elected last fall on the back of an aggressive economic development strategy, she is out to challenge and change the status quo. First on her agenda is improving the entrepreneurial climate in the city by reducing red tape that might impede current business owners from expanding and potential entrepreneurs from getting off the sidelines.

Photo: Brandon Economic Development

4

omebody forgot to tell Brandonites about the recession.

(LEFT) New pro-business Mayor Shari Decter Hirst: “we need to up our game.” (TOP) Brandon: Manitoba’s second-largest city ranked number 1 in Western Canada by Money Sense magazine.

need to up our game in this area,” she said. Decter Hirst said Brandon is falling short of its economic potential because it’s not experiencing the kind of business expansion and recruitment that a community of nearly 50,000 – and the service centre to another 150,000 – should be having. People, for a variety of reasons, aren’t as willing as she’d like them to be to risk their money on a new or expanded venture. She said a kinder, simpler regulatory environment would go a long way toward convincing local residents to get off their wallets. For example, Brandon is “extremely limited” with mixed-use zoning, she said. If a building owner has a retail store on the first floor and wants to put suites above it, the process to do so is “cumbersome.” She is also committed to the creation of a $VU SFE UBQF “It should be easy to start a business here. We more vibrant downtown, complete with a criti-

“I think [the arrival] of Target will be great,” he said. It’s hard to argue with Brandon’s potential. It’s the only city in Canada with a population less than 50,000 that has a university, a community college and an emergency service college. Last year, Money Sense magazine ranked Brandon No. 7 on its list of the best Canadian cities to live in and No. 1 in Western Canada. The disposable income of its residents, one of the most important drivers of economic growth, rose 25.4 per cent last year, too. The mayor isn’t content to rest on Brandon’s history as a service centre for the agricultural sector in the southwestern part of the province. She said the future lies in the knowledge economy. “We should just be a smart city, period,” Decter Hirst said. Not every opportunity requires a leap o f faith, however. There is also the low-hanging fruit of the city’s population of seniors, who make up more than one-fifth of all residents. They present a “wonderful” opportunity for providers of geriatric services, she said. “That could be a whole (revenue) stream for us. There are 55-year-old baby boomers out there who are looking to retire in a pretty and safe community with lots of great restaurants,” she said. At the other end of the demographic scale, she said she and her council are looking at the possible role for the city’s post-secondary institutions in creating clusters in sectors such as health-care training and research.

cal mass of people who live and work in the central business district. “Right now we’ve got about 1,000 people who live downtown and we could easily accommodate a thousand more. We’re looking for a Waterfront Drive, Exchange District kind of energy,” she said, referring to a pair of increasingly vibrant areas of downtown .BOVGBDUVSJOH Winnipeg. Of course, it would be unrealistic to expec t every piece of Brandon’s economy to have 5BSHFU TUPSF FZFE emerged completely unscathed from the ecoThings had been quiet on the retail front until nomic slowdown that started in the fall of 2008 the mid-January announcement by U.S. giant Sandy Trudel, Brandon’s economic developTarget that it had bought discount retailer ment officer, said its manufacturing sector has Zellers from the Hudson’s Bay Co. While yet to completely emerge from the woods but one of the world’s most recognizable brands she’s “cautiously optimistic” about the future. is still two years away from taking its place on “We’re starting to see the businesses that Canada’s retail landscape, Harrison predicted were impacted by the recession gain a lot of Brandon could see “one or two” Target stores. Please see Outlook page B30

.BOJUPCB

CARMAN & NEEPAWA, MB

DON'T MISS THESE MANITOBA MARVELS!

FOR SALE – RETAIL PORTFOLIO – 10% CAP!

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20 Mountain Rd, Dauphin, Manitoba

CE U D E

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REALIZE YOUR DREAM OF OWNING YOUR OWN BUSINESS AND ACHIEVING FINANCIAL FREEDOM! Sammy’s Farm Supply is more than a farmer’s store! Westward parts, Vet Supplies, Steel, Trailer Supplies, Equine Supplies, Fencing Supplies, Animal Nutrition, Leather Horse Tack and Equipment. Sammy’s Farm Supply is spread over 17,000sf-They carry a very large selection of products for use at home and around the farm. Well established Farm Supply Business with excellent financials! Has been "Serving the Parkland since 1985." MAKE THIS VIBRANT BUSINESS YOUR OWN!

INVESTOR OPPORTUNITY Two newly built, fully tenanted retail bldgs. 10 year leases in place National Tenant with over 250 locations Two buildings totalling 20,080 square feet

$4,499,000

15% ROI with existing financing

Current management can be retained for training

Sale Price: $2,250,000 or $112 per sq ft

CHRIS CAREFOOT GARY SWEETMAN 204-622-7770 204-638-0311

chrisremax@mymts.net www.remax-ofdauphin-mb.com RE/MAX of Dauphin

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 office. One hour drive north of Winnipeg on 35 acres of private forested land. $850,000 Melodie

Maintenance free, hassle free, sit back and collect rent!!! Realtor cooperation – 2%

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. $399,900 Shanna Karle

ATEAH REALTY LTD MELODIE ATEAH BROKER/OWNER

Contact: Gordon Green, Pinnacle Capital Corporation (604) 727-7095 or pinnaclecapitalcorp@hotmail.com

1-866-755-5406

www.ateahrealty.com

B30 Manitoba/Franchises WEST ST. PAUL Winnipeg, MB

Located Next to NEW Motel 6!

Trans-Canada Highway Brandon, Manitoba

80 acres, potential 195 unit building lot. Near Shopping Mall & Hospital between Main Street & McPhillips Street. 1000 ft north of Grassimere Road. ASKING ONLY $2.5M

4.9 acres on the Highway next to motels, restaurants and new 60 room motel. 2 mil. worth of improvements, now listed for

$750,000

CALL: 204-224-4345 May consider trade in Lower Mainland Vancouver, BC (w.h.a.)

Call David Meyer 204-989-7900 ROYAL LEPAGE PRIME REAL ESTATE

Cell: 204-955-0487 Fax 204-272-6260 dmeyer@mts.net

MARVELOUS MANITOBA!

Superb Boar Stud Farm! An immaculate building with full Lab facilities. Nothing has been spared to make this the finest facility you will find. Air conditioned barn, in floor heat in Lab & offices. Oversize lagoon plus a separate isolation barn. Great location in MB. hog country!

Westman.com

GRAIN FARM: for the serious producer. Compact block with 3664 total acres & 2700 under tillage. Productive Newdale Clay Loam soil with a consistent record of great yields. 3 fully service yard sites with homes. Full line of equipment included. This won't last, Call me Now!

Please call:

204-761-6884

GRANT TWEED

grant@tweed.net www.granttweed.com

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 ďŹ nish 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

Royal LePage Martin-Liberty Realty Office: 204-725-8821

065-00, from B29

ground back. We’re starting to hear language like ‘growth’ and ‘opportunity,’ and we need to ramp up,� she said. In the “every cloud has a silver lining� file, Trudel said local manufacturers used the downturn to improve their efficiencies and diversify and broaden their markets.

$POTUSVDUJPO

Trudel said that Brandon’s construction industry is poised for an all-out year in 2011. Arguably the most significant project is the new downtown YMCA. The 16.5-million project will encompass 52,000 square feet and be the second-biggest in the country when it opens in the spring of 2013. It will also be a surefire boon to downtown businesses, she said. Other projects on the go include a $24 million CancerCare Manitoba facility that will enable people in the southwestern part of the province to receive radiation, chemotherapy and outpatient care without having to travel to Winnipeg, a new $13 million police station, the conversion of the old Mackenzie Seeds building into nearly 100 condominiums and the redevelopment of the city’s historic Canada Pacific building into office and commercial space.

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Brandon’s biggest challenge is housing, or lack thereof. With vacancy rates below 1 per

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MANITOBA 10

SASKATCHEWAN

DEVELOPMENT OPPORTUNITY!

www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

16 16

Winnipeg

BRANDON

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1

Portage la Prairie

10

U.S.A.

#SBOEPO .BO Population 46,000-plus Average house price $187,000 Median family income $60,167 Year-over-year increase in disposable income 25.4 per cent

cent – tied as the lowest rate in Canada – the need for more apartments is obvious. Once the shortfall is dealt with, Brandon University and Assiniboine Community College can increase their enrolment, according to Decter Hirst. “I’m incredibly optimistic about the future. Five generations of my family call Brandon home so there isn’t anything more important to me than making this city the best it can be. We’ve had a change in attitude. We think about growth as a good thing,� the mayor said.◆

Amazing Opportunities! HOTEL: 1/2 Hour from Winnipeg, friendly community, Living quarters. Price $325,000 MOTEL: 14 Rooms. Living quarters, rooms sales $175,000. Priced to Sell! $459,000 HOTEL: 1 hr from Winnipeg, 100 seat bar, living quarters, steady business. Price $275,000 RESTAURANT: Chinese Buffet and Take Out, land, building and equipment. Price $275,000

JEFF TEMPLE

1-204-724-3980 jefftemple181@hotmail.com

Own Your Own Country

Century-21 Westman.com Brandon, MB

Direct Line: 204-729-5074

Email:

mmelnyk@mts.net

W E A R E C O M F O R T K E E P E R SÂŽ

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. s 3ITE 3ELECTION $ESIGN s 4RAINING /PERATIONS 3UPPORT s -ENU $EVELOPMENT s -ARKETING s ,EASE .EGOTIATIONS ) NVESTMENT RANGE FOR NEW LOCATIONS n )NVESTMENT RANGE FOR CONVERSIONS n

Call me today to own your own country! 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

Comfort KeepersÂŽ senior care franchise is a rare business opportunity. This leading national brand providing in-home senior care combines exceptional growth potential with both the ďŹ nancial and feel-good rewards unique to a business dedicated to caring for others. • Comprehensive training

• Turnkey business systems • Business coaching • Full support

• Marketing programs

• No healthcare degree required To learn more, call Wayne Maillet at 604-941-4361 or email: waynemaillet@comfortkeepers.ca

WWW.COM F O RT K E E P E R S . C A

An international network of independently owned and operated ofďŹ ces worldwide. Š2010 CK Franchising Inc.

Franchises B31

WESTERN INVESTOR FEBRUARY 2011 www.westerninvestor.com

Photo: Mucho Burritto

Mucho Burrito rolls into Vancouver

Mucho Burritto has opened its first Vancouver restaurant.

T

hree years ago, Mucho Burrito began honing its plan to provide consumers with an unmatched Mexican flavour experience. Mucho Burrito recently opened its first area restaurant at Marine Way Market in Burnaby and the Ontario-based franchisee opened its second B.C. restaurant on Davie Street near Burrard Street in Vancouver. Mucho Burrito franchisee Joe Sangha opened the chain’s first Lower Mainland restaurant in Burnaby in March. Mucho Burrito has plans for a total of 25 locations throughout Greater Vancouver in the next five years. “Customers want a different twist or flavour component … and Mexican food has always been under-represented in Canada,” said Alex Rechichi, co-founder and president of Mucho Burrito, noting that Mexican cuisine comprises just 1 per cent of the food-service industry in Canada. “We look forward to bringing our upscale offering to local consumers and further positioning ourselves as the premier con-

cept in the Mexican category.” Since launching the brand in June 2006, Mucho Burrito has opened 26 restaurants throughout Canada and is targeting Vancouver as part of a national growth plan calling for 40 locations by the end of 2010 and more than 200 in the next five years. To augment the company’s growth strategy, Mucho Burrito is seeking franchise owners with “a strong desire to grow an upand-coming brand” within the food-franchise business. With a franchise fee of $20,000, the initial investment to own and operate a Mucho Burrito restaurant is typically $250,000-$370,000 for a standard 1,500square-foot to 1,800-square-foot location that accommodates 40 to 50 customers.

Franchisers eye loss of penny

C

anadians agreed in a recent Angus Reid poll that it is time to do without the penny, which has lost 95 per cent of its purchasing power since its introduction in 1908. According to the survey, 55 per cent of Canadians support dropping the onecent coin, while 35 per cent want to keep it, and 18 per cent of Canadians responded they’d even be “happy” when it’s gone. Mario Canseco with Angus Reid said he was most surprised with the gender split, which shows 65 per cent of men want to eliminate the penny and only 45 per cent of women are on board. Also, younger Canadians between the ages of 18 and 34 are evenly split on the penny’s fate, whereas the older groups are increasingly in favour of scrapping it. In Vancouver, a couple coffee shops have taken initiative and will not be giving pennies out in change, although they will still be accepting them to pay for coffee and snacks.

I

ce caps are not on the menu, but the customers here don’t seem to mind. Iconic coffee chain Tim Horton’s has finally opened this month in Iqaluit, Nunavut, the only territory in Canada where the popular brand didn’t have any stores. At an opening ceremony, an Inuit elder lit a qulliq, or traditional oil lamp, to welcome Tim Horton’s to Nunavut’s capital city. Even the company’s slogan, “Always fresh,” has been written in Inuktitut. Translated, it reads “The coffee tastes like it was just freshly brewed.” The price of goods is always a hot-button issue in Nunavut, where fruits and vegetables are priced notoriously high. Tims is keeping its prices reasonable: coffee prices range from $1.79 for a small to Customer prepares her coffee at Tim Horton’s in Iqaluit. $2.39 for an extra-large coffee. Tim Horton’s senior vice-president Nick Javor said the outlets will offer a limited line of beverages and baked goods initially to “see how the community responds,” and take it from there with sandwiches and cold drinks down the road. Tim Horton’s has partnered with the North West Co. to open one of Canada’s northernmost franchises. North West owns the NorthMart grocery and general store, as well as two Quick Stop convenience stores in the city of about 7,000. The Tim Horton’s kiosks are based in those three locations, offering customers a basic menu of coffee, doughnuts, Timbits, muffins and cookies. All three kiosks are self-serve stations, which company officials say will stay that way for now. Despite having to get their own coffee, Iqaluit customers are getting the same quality of Tim Horton’s coffee as the rest of Canada, Javor added. Until now, Nunavut residents were always big shoppers at the Tims in the Ottawa International Airport. Now that Tim Horton’s has set up shop in Iqaluit, residents and visitors to the city will no longer have to bring boxes of doughnuts, Timbits and coffee with them aboard flights home. Photo: Tim Horton’s

News, views and updates on Canada’s franchise industry

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Their concepts are consumer friendly: rounding up and down depending on the sale value once taxes are included. The most anyone would have to pay more for a product would be two cents, where a $1.33 coffee would cost $1.35, a $1.32 item would be rounded down to $1.30. Altitude Research addressed many concerns in a market study of the implications of removing the penny, done for the Royal Canadian Mint. It appears most small retailers are slightly in favour of removing it, while consumers are split on the issue. Overall, small retailers are 63 per cent in favour of removing the penny, 19 per cent against. The

Bank of Canada sets the cost of creating each penny at 1.5 cents. So what will franchises do? The first franchise to adopt the “pennyless” approach may set off chain reactions among competitors or may face negative political and patriotic responses from consumers, consultants say. A careful plan of notifying customers and ensuring a fair “rounding” procedure will be essential. There may also be a negative response if a franchise decides to implement a pennyless model across its entire system. With or without early adoption, it looks like the penny won’t be around for much longer.◆ – Compiled by Kevan O’Brien

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www.westerninvestor.com FEBRUARY 2011 WESTERN INVESTOR

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