Western Investor January 2011 Section B

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.

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

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

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

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

FOR SALE/LEASE One of the Last Character Beltline Opportunities! Built in 1906, 3 stories, 2,717 sq. ft., 4 parking stalls, huge traffic, huge exposure with 40,000 vehicles going by daily Sean Fillion Tel: (403) 291-8871 sfillion@naicalgary.com BUILDING FOR SALE • Trendy Lower Mount Royal area, Calgary • Totally Renovated & Remodelled in 2008 • Outstanding Level of Finishing • Fully Furnished Suites • Current Tenants are mix of short & long term • Approved for Condos Asking $4,000,000 Jim Courtney Tel: (403) 291-8873 jcourtney@naicalgary.com Electrical Contractor Specialize in commercial construction and renovation.

Generated EBITDA of $257,000 on revenue of $5.0 million.

Includes working capital of $500,000 & equip. of $200,000 Purchase Price $1.1 M Dean Bethune, C.A. Business Brokerage Specialist Ph: (403) 291-8857 Cell (403) 585-3326 dbethune@naicalgary.com

Daniel Goldstrom Tel: (403) 291-8864 dgoldstrom@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 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 room 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

BUSINESSES FOR SALE FLOOR COVERINGS - CALGARY AREA Established more than 20+ years. Stable staff, long term customers. Revenue $5M & steady. EBITDA over $400K and steady. $995,000 plus working cap.

HVAC MANUFACTURER - ALBERTA 2011 revenue est. $4M and profitable. Custom air handling manufactuer. 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 Contact: Craig Tennock Tel: 1-877-880-7290 craig@naicommercial.ca • www.naibusinesses.ca/craig

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.

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

19 STIMULATING GRANDE PRAIRIE

Public spending boosts fortunes of Peace city

▲

FOR SALE/LEASE 97 Prairie Place SE, Calgary Size - 4.7 Acres Asking Price - $1,699,000 Zoning - Light Industrial

RED DEER INDUSTRIAL Fully Serviced Lot 1.58 Acres +/Terms Available

Jamie Menzies, president of the Grande Prairie Association of Realtors: $600m hospital will help

7 OFFICE SPACE TIGHTER IN 2011

Surprising lease action sets tone for New Year 29 QUICK, FIND BELLE PLAINE

Tiny village circled by global players and giant manufacturing plants SPECIAL SECTION • B14

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

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

$4.29 JANUARY 2011 Vol. 26/Issue 1

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

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

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

www.colliers.com/kelowna

INCOME PRODUCING - VERNON

s -ULTI TENANT RETAIL RESTAURANT PROPERTY LOCATED DOWNTOWN 6ERNON WITH UNDER GROUND PARKING ,IQUOR 0RIMARY List Price: $1,995,000 MARSHALL MCANERNEY (Personal Real Estate Corp) JEFF HUDSON (Personal Real Estate Corp)

RETAIL STRIP CENTRE -VERNON

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)

PRIME DEVELOPMENT SITE WINFIELD TOWN CENTRE

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

s ACRES # 4OWN #ENTRE #OMMERCIAL s &!2 s 3MALLER LOTS AVAILABLE s&OOTPRINTS AVAILABLE ON REQUEST Priced at: $8,999,000

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 (Personal Real Estate Corp)

CHAD BIAFORE

Call broker for pricing MIKE GEDDES

DOWNTOWN KELOWNA DEVELOPMENT

760 LAVAL CRES. KAMLOOPS

AVALON INN - OSOYOOS

s ACRE WITH FRONTAGE ON (ARVEY !VE s STORY BUILDING SQ FT s ON SITE PARKING STALLS ZONED # Priced at: $1,790,000 MIKE GEDDES

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

UĂŠ

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

Larry Berisoff SalesĂŠAssociate

AssociateĂŠBroker

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

CHRISTINA LAKE- New! s *UST OVER ACRES ON HIGHWAY s ,AND "UILDING SALE #URRENTLY OPERATES AS A PUB /WNERS RETIRING AFTER YEARS s )NCLUDES %QUIPMENT 0UB "EER 7INE 3TORE ,ICENSE s

WILLIAMS LAKE s PAD MOBILE HOME PARK FULL s SITE FULLY SERVICED 2 6 PADS s 'OOD HIGHWAY ACCESS s -ANAGEMENT IN PLACE s

SALMON ARM - Reduced! s UNIT mAGGED MOTEL OPERATION s ,EASED mAGGED FREE STANDING RESTAURANT s )NDOOR POOL MANAGERS SUITE s .EW 7AL -ART BEING BUILT NEARBY s !LWAYS A TOP PRODUCER s

SLOCAN VALLEY s UNIT MOTEL HIGHWAY FRONTAGE s SEAT PUB SEAT RESTAURANT s "ELOW ASSESSED VALUE s ,IQUOR STORE LICENSE INCLUDED IN PRICE s

VANDERHOOF s UNIT MOTEL 2 6 SITES s &REESTANDING BEDROOM HOME s 3QUEAKY CLEAN A PLEASURE TO SHOW s !LWAYS A GOOD PRODUCER s

DEVELOPMENT PARADISE s /VER ACRES ON THE TRANS #ANADA s 3URROUNDED BY NATIONAL PARKS s (OT SPRINGS 2 6 PARK OPERATION s 3PECTACULAR WORLD CLASS OPPORTUNITY s

RADIUM HOT SPRINGS s UNIT MOTEL TOWN CENTRE s 3PACIOUS FAMILY TYPE LIVING AREA s !LWAYS DOES WELL s OWNERS IN YEARS s

()'(7!9 s UNIT lRST CLASS MOTEL OPERATION s UNITS ARE YRS OLD s LAND TITLES ROOM TO EXPAND s #OMFORTABLE LIVING AREA s

POWELL RIVER s SITE MOBILE HOME PARK s WATERFRONT ACRES s #ITY WATER SEWER s 4OP NOTCH CONDITION !LWAYS FULL s /WNERS MODULAR s 3EPARATE LOT AND COTTAGE s

LYTTON s 4HE HISTORIC h4OTEMv -OTEL s UNITS MINIMAL COMPETITION s &ABULOUS RIVER JUNCTION VIEWS s /UR BEST SMALL MOTEL PRODUCER s

VALEMOUNT s 3TRIP MALL ON ACRES s 3OLID ANCHOR TENANTS s #EMENT BLOCK BUILDING s 2OOM TO EXPAND I E MOTEL s ,ONG TIME OWNER RETIRING s

GRAND FORKS s UNIT TOWN CENTRE MOTEL s "ELOW ASSESSED VALUE OF

s BDRM BATH LIVING AREA s .EWER METAL ROOF CEMENT BLOCK BUILDING s

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

FEATURES 19 0/ 5)& $07&3 (SBOEF 1SBJSJF HFUT B IBOE VQ

On the cover Jamie Menzies of the Grande Prairie and Area Real Estate Association: city has more than low prices.

Photo: Rob Ganzeveld/FX Photographic Inc.

Government spending adds new hospital, and confidence

41&$*"- 4&$5*0/ Â… #

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

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

7

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Calgary sees upturn in office demand, Saskatoon in industrial

13 'SBDUJPOBM TBMFT QSPWF XJOOFS GPS SFTPSU

Victoria project the first to use shared sales in urban context

29 5JOZ #FMMF 1MBJOF DFOUSF PG HJBOU JOWFTUNFOUT More manufacturing plants open as highway links expand

COLUMNS 11 23 27 30

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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 TING NEW LIS

TING NEW LIS

BRAVA Under construction. Situated at the corner of Carrington and Gellatly Roads in the heart of Westbank. 2 Commercial, 3 Residential Strata units for sale – passive investment. Occupancy June 2011.

Call Ken or Kris for all the details

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 MLSÂŽ

WEST KELOWNA - INDUSTRIAL STRATA FOR LEASE 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 MLSÂŽ 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

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 MLSÂŽ 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. +/- 19.70 acres. Included in purchase price - 10 lot “Quail RVâ€? park with water and sewer, 30 and 50 amp service with internet availability and laundry. Available: $2,800,000 MLSÂŽ

E NEW PRIC

FOR SALE OR LEASE – AIRPORT BUSINESS PARK

PRE LEASING OF APPROXIMATELY 11,860 SQ FT IN RUTLAND JIM BAILEY ROAD LAND OR BUILDING 2 Floors of Commercial mix available with unit spaces ranging from 690 to 2,000 sq ft bays offering up to 5,700 sq ft on the main oor and 690 – 6,160 sq ft on 2nd oor.. The proposed escalating rates start at $15.00 psf with a Tnet of $3.50 psf. Anticipated building completion is June 2011.

Available: $15.00 psf plus NNN MLSÂŽ

COURT ORDERED SALE: Land - 1 acre of I-2 light industrial land with water & sewer nearby included proposed architectural & engineering plans for new development. Lot was the parking area for the ofďŹ ce building. Also a 10,828 sq ft ofďŹ ce/warehouse building, with extensive improvements in place on .99 acre. Minutes from Airport. Many options on this site.

Available For Sale: $790,000 & $945,000 MLSÂŽ

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 Airport Business Park Zoning.

For Sale: $249,565 - $331,705 MLSÂŽ For Lease: $10.00 - $12.00 psf plus TNet MLSÂŽ

B4 Interior British Columbia 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

BUSINESS AND INVESTMENT OPPORTUNITIES UÊÊ >À}iÊ >V iÉ7i ` }Ê- «Ê– Suitable for investor or owner/operator. Includes land & buildings. fÓ°ÓxÊ UÊÊ ÛiÃÌ i Ì – 4 units in 1 building, established tenants with commercial leases in place. $319,000 UÊÊ `ÕÃÌÀ > Ê iÛi « i ÌÊ > ` - 130 acres, with highway and railroad access. Reduced to $995,000 UÊÊ vÊ ÕÀÃiÉ iÛi « i ÌÊ > ` – 162 acres, deluxe residence. BC Interior location.

UÊÊ ÕÀÊ* iÝÊ– Prime Location, close to Downtown and University. Extensive Renos done. $525,000

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

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

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

COURT ORDERED FORECLOSURE SALE INDUSTRIAL BUILDING SUMMERLAND

UÊÓ°È{Ê VÀiÊ- ÌiÊUÊÎä]äääÊõ°ÊvÌ°ÊLÕ ` }ÊÜ Ì Ê È{nÊõ°ÊvÌ°Ê vwÊViÊë>ViÊUÊ Õ ÌÊ ÊÓääÇÊÊU< }Ê > ÜÃÊ Õ iÀ ÕÃÊ«iÀ ÌÌi`ÊÕÃið Asking $1,995,000

MOBILE HOME PARK MERRITT UÊÓäÊ- ÌiÃÊ Êx°nÓÊ>VÀià UÊ Ê*>À Ê Ü i`Ê L iÊ ià UÊ* ÕÃÊÎÊÀi Ì> Ê ÕÃiÃÊEÊ£Ê`Õ« iÝ UÊ ÌÞÊÃiÜiÀÊ> `ÊÜ>ÌiÀ UÊ Ý«> à ʫ Ìi Ì > UÊ Õ> Ê}À ÃÃÊ V iÊf£Èä]äääʳÉ

Asking Price $1,595,000 JUST LISTED

NEIGHBOURHOOD MALL

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

DEVELOPMENTAL LAND AND

SALMON ARM, B.C.

GOLF COURSE FOR SALE IN THE BEAUTIFUL BC INTERIOR

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

Dwight Vos 250.371.7992 Tracy Mackenzie 250.318.2938

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.

SALLY SCALES BEST-WEST REALTY LTD. 250.554.4511

sallys1@telus.net or 250-832-4831

VERNON & AREA 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 UÊÊ iÛi ]Êi>ÃÞÊ>VViÃÃÊ° Ê>VÀiÊÜ Ì Ê£{Î¿Ê vÊ" > >}> ÊÜ>ÌiÀvÀ Ì°Ê ÞÊ9>V ÌÊ ÕLÊ> `Ê*>À °Ê* Ìi Ì > ÊÌ ÊÀiâ iÊÌ Ê £äÊ Ê/ ÕÀ ÃÌÊ iÀV > °Ê* Ãà L iÊ > `Ê>ÃÃi L ÞÊÜ Ì Ê>` >Vi ÌÊ > ià ÀiÊ «À «iÀÌ iðÊÊ$2,900,000 -® NURSERY UÊ Ê i>ÀÌÊ vÊ `ÃÌÀi> Ê6> iÞtÊ/ÕÀ Ê iÞÊ «iÀ>Ì tÊ-Ìi>`ÞÊ À ÜÌ tÊ µÕ « i Ì]Ê>ÕÌ >Ìi`Ê }Àii ÕÃi]ÊÛi V iÃ]ÊV v ÀÌ>L iÊ iÊÜ Ì ÊÃÕ Ìi]Ê vwVi°ÊÓäÊ«À iÊ ÀÀ }>Ìi`Ê>VÀiÃÊÜÉÊÃiÌÊÕ«Ê v ÀÊ ÀÃiðÊ$1,600,000ÊÊÊ -®

LAND – OSOYOOS

ACREAGE/RANCHES

NEW LISTING – 21.8 ACRES PRIME HOLDING PROPERTY

UÊÊÈn£Ê>VÀiÊ/À « ÞÊ,> V ÊÓäÊ ÕÌiÃÊvÀ Ê i Ü >Ê ÌiÀ >Ì > Ê À« ÀÌÊEÊ ÌÞÊ vÊ6iÀ °Ê ` >Vi ÌÊÌ ÊÜ À `ÊV >ÃÃÊ*Ài`>Ì ÀÊ, `}iÊ vÊV ÕÀÃiÊ> `Ê-«>À }Ê ÃÊ ÌiÀ >Ì > Ê,ià ÀÌ°Ê , }]Ê «i Ê> `ÊÌÀii`Ê > `ÊÜ Ì Êà iÊÃÌÕ }Ê > > > >Ê > iÊÛ iÜðʣnäÊ>VÀiÃÊ ÕÌÊ vÊ ,°Ê$6,495,000ÊÊÊ -®

UÊÊ À iÀÊà ÌiÊ Ê } ÊÌÀ>vwÊV]Ê } Ê iÝ« ÃÕÀiÊ V>Ì ÊÜ Ì Ê ÛiÀÊ£]äääÊvÌ°Ê ÜÞ°ÊÎÊ vÀ Ì>}iÊ« ÕÃÊ£]£ÇxÊvÌ°ÊÃiV `>ÀÞÊÀ >`ÊvÀ Ì>}i UÊ/ Ü ÊÃiÜiÀÊEÊÜ>ÌiÀÊ>ÌÊ ÌÊ i UÊ6iÀÞÊV ÃiÊÌ Ê > i UÊ V Õ`iÃÊ ÕÃiÊEÊ «iÀ>Ì }Ê ÀV >À`

Asking Price $3,150,000 2.13 ACRE DEVELOPMENT SITE

UÊ- ÕÌ Ê" > >}> Ê V>Ì UÊ" ÞÊnÊ9i>ÀÃÊ" ` UÊ } Ê/À>vwÊVÊ V>Ì UÊÇÊ/À « iÊ iÌÊ iÀV > Ê/i > ÌÃ

UÊ/ ÕÀ ÃÌÊV iÀV > Êâ } UÊ À Ì>}iÊ ÊÎÊÀ >`à UÊ*À iÊ V>Ì Ê ÞÊÎääÊviiÌÊÌ Ê > i UÊ V Õ`iÃÊÀi Ì> Ê ÕÃiÊEÊ >À}iÊà «

Asking Price $1,795,000

Asking Price $850,000

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

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

BUSINESS LOANS & MORTGAGES

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

UÊÊ"«iÀ>Ì }ÊLÕà iÃÃiÃÊ Ê «iÀ>Ì }Ê > ÃÉ i>ÃiÃÉ ÌiÀ Ê > à UÊÊ Õà iÃÃÊ Ý«> Ã Ê Ê iââ> iÉ}À ÜÌ ÊV>« Ì> UÊÊ Ìi ÃÊEÊ Ìi ÃÊ Ê }ÊÌiÀ Ê ÀÌ}>}iÊv > V } UÊÊ Õ Ì Ê > ÞÊ Ê«ÕÀV >ÃiÊEÊV ÃÌÀÕVÌ Êv > V } UÊÊ iÀV > ÊEÊ `ÕÃÌÀ > Ê Ê«ÕÀV >ÃiÊEÊV ÃÌÀÕV Ì Êv > V } UÊÊ Õà iÃÃÊ* > ÃÊ Ê iÜÊEÊiÝ ÃÌ }ÊLÕà iÃÃià 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

GAS BAR UÊÊ,>ÀiÊ"«« ÀÌÕ ÌÞtÊ{Ê«Õ «Ê}>ÃÊL>ÀÊÜ Ì ÊÀi«> ÀÊà «ÉV Ûi i ViÊÃÌ ÀiÊEÊà >V ÊL>À°Ê" Ê°ÈnÊ >VÀiÃÊ Ê/À> ÃÊ > >`>Ê ÜÞÊ ÊLÕÃÞÊ- V> ÕÃ°Ê Ài>ÌÊv> ÞÊLÕà iÃðÊ$559,000ÊÊÊ -® UÊÊ£°nÊ>VÀiÃÊÜÉxxävÌÊ Ê/À> ÃÊ > >`>°Ê `ÊLÕ ` }ÃÊ1 Ìi`Ê« Ìi Ì > °Ê7>ÃÊ}>ÃÊL>À]Ê }i iÀ> ÊÃÌ ÀiÊ> `Ê >Õ `iÀiÌÌi°Ê V Õ`iÃÊxÊ `iÀÊ L iÃ°Ê ", "-1, Ê ÃÊ ÃÊ7 iÀiÊ Ã°Ê $765,000ÊÊÊ -®Ê COMMERCIAL/INDUSTRIAL UÊÊ7>Ài ÕÃiÉà «\ÊÊ,>ÀiÊw `Ê Ê-ÌÀ>Ì>ÊÕ ÌÊ Ê `ÕÃÌÀ > Ê-iVÌ ÀÊ vÊV ÌÞ°ÊÓxÊÝÊ{ä½ÊÜ À ë>ViÊ « ÕÃÊ vwViÉ iââ> i°Ê"Ü iÀÊ >ÞÊ i>ÃiÊL>V °Ê$298,000.Ê UÊ°ÎÎÊ>VÀiÊÜ Ì ÊvÕÌÕÀiÊV iÀV > ÊÕÃi°Ê ÕÃÌÊ> iÝi`Ê Ì ÊV ÌÞ°Ê } ÊÛ Ã L ÌÞ°Ê" Ê, >`ÊÌ Ê- Ê ,ià ÀÌ°Ê$349,900 UÊ iÀV > É,ià `i Ì > Ê Õ ` }\ÊÓxääÊõ°vÌ°ÊÃÌ ÀivÀ ÌÊ« ÕÃÊvÕ ÞÊ`iÛi «i`]Ê`i Ã>L iÊ L>Ãi i ÌÊ> `Ê{ÊÀià `i Ì > ÊÃÕ ÌiÃÊ>L Ûi°Ê } ÊÛ Ã L ÌÞÊ Ê` Ü Ì Ü ÊV Ài°Ê > iÊ>VViÃðÊÊ `ÊV ` Ì °Ê+Õ V Ê* ÃÃiÃà °ÊÊ*À v À >Ê ` V>ÌiÃÊÇ°Çx¯ÊV>«ÊÀ>Ìi°ÊfÈn ]äää UÊÊ i>À ÞÊÎÊ iÛi Ê>VÀiÃÊ ÊvÀ Ì>}iÊÀ >`ÊÜ Ì Ê } ÊiÝ« ÃÕÀiÊÌ Ê } Ü>Þ°Ê/i Ê ÕÌiÃÊÌ ÊV ÌÞÊ Vi ÌÀi°Ê `i> Êv ÀÊ > Õv>VÌÕÀ }ÊLÕà iÃðÊ* > ÃÊv ÀÊLÕ ` }Ê>Û> >L i°Ê$988,000ÊÊÊ -® UÊÊ{°ÈÓÊ iÛi Ê>VÀiÃÊ `ÕÃÌÀ > Ê > `°Ê{ä]äääÊõ°vÌ°Ê ÊÌÜ ÊL `}ðÊÎÊ« >ÃiÊ« ÜiÀ°Ê ÓÊâ }°Ê

ÕÀÀi Ì ÞÊ «iÀ>ÌiÃÊ>ÃÊà > ÊÃ>Ü ÊEÊÜ `ÊÀi > Õv>VÌÕÀ }Ê« > Ì°Ê £äÊ ÃÊvÀ Ê6iÀ Ê >` >Vi ÌÊÌ ÊÀi>`ÞÊÃÕ«« ÞÊ vÊ` i à > Ê Õ LiÀ°Ê$2,250,000ÊÊÊ -® UÊÊ,>ÀitÊ >À}iÀÊ-iÀÛ ViÉV iÀV > Êà ÌiÊ `i> Êv ÀÊi `ÊÕÃiÀÊ ÀÊÃÕL` ÛÊ Ì Êà > iÀÊ ÌðÊn°ÓÊ >VÀiðÊ< }Ê> ÜÃÊv ÀÊ ÌÃÊ£ä]nääÊõ°ÊvÌÊ> `ÊÕ«°Ê Õ ÞÊÃiÀÛ Vi`Ê>Ài>°ÊÊ VViÃÃÊvÀ ÊÓÊ ÀÊÊÎÊ À >`Ã°Ê Õ Ì ÌÕ`iÊ vÊÕÃiÃÊ V Õ` }ÊÀià `i Ì > Ê>L ÛiÊ > Êy À°Ê- iÊ« Ìi Ì > ÊÛ iÜÃÊ ÛiÀÊ } vÊV ÕÀÃi°Ê$5,500,000 -® MULTI-FAMILY SITES UÊÊ° Ê iÛi Ê>VÀiðÊ{ÊL V ÃÊvÀ Ê-i ÀÃÊ i ÌiÀÊEÊ` Ü Ì Ü ÊV Ài°Ê ÜÃÊÕ«ÊÌ Ê{{ÊÕ ÌÃ°Ê Õ ÊÃiÀÛ ViÃÊ>ÌÊ ÌÊ i°Ê$1,450,000ÊÊÊ -® UÊÊ£°{Ê>VÀiÃÊ ÊÌÜ ÊÌ Ì iÃÊqÊâ i`Ê,xÊ Õ Ì v> Þ°Ê+Õ iÌÊv> ÞÊ i } L ÕÀ `Ê>` >Vi ÌÊÌ Ê *>À °Ê$750,000ÊÊÊ -® RETIREMENT COMMUNITY – PLAN NOW!\ UÊ7i V iÊÌ Ê `ÃÌÀi> Ê i>` ÜÃtÊ,iÌ Ài i ÌÊÌ iÊÜ>ÞÊÜiÊ >} i`Ê ÌÊÜ Õ `ÊLitÊ-iÌÊ Ê ÓÎÊ« VÌÕÀiõÕiÊ>VÀiÃ]ÊiµÕ ««i`ÊÜ Ì ÊiÛiÀÞÌ }Êv ÀÊ>} }Ê Ê« >ViÊ ÊV « iÌiÊ ÕÝÕÀÞÊ> `Ê V v ÀÌ°Ê ««iÀÊ >vi]Ê Àià `iÊ Õ }i]Ê}> iÃÊÀ ÊÜ Ì Ê Ìi ` Ê7 ]ÊV «ÕÌiÀÊÕÃiÊ ÃÌ>Ì Ã]Ê LÀ>ÀÞ]ÊÃÕ `iV ÊÜÉ +]Ê > ÀÊÃ> ]ÊwÌ iÃÃÊÃÌÕ` ]Ê}i iÀ> ÊÃÌ Ài]Ê iÀ Ì>}iÊV >«i ]Ê Ü> }ÊÌÀ> Ã]ÊÀ> Ãi`ÊÀià `i ÌÊy ÜiÀÊEÊÛi}iÌ>L iÊ}>À`i Ã]Ê ÀÃiÊà iÊ« Ì]Ê` }Ê«>À ]Ê > >Ê Û iÜ }Ê>Ài>°Ê vi iÊ«i `> ÌÊÃiÀÛ ViÊÜ Ì ÊÓ{ÉÇÊi iÀ}i VÞÊÀië ÃiÊ> `Ê Ã ÌiÊÃÌ>vw }°Ê - ÕÌÌ iÊLÕÃÊÌÀ> ë ÀÌ>Ì ]ÊÕ `iÀ}À Õ `Ê«>À }]ÊÃV ÌiÀÊ«>À }Ê> `Ê,6Ê«>À }Ê>Û> >L i°Ê "«Ì > ÊÃiÀÛ ViÃÊ V Õ`iÊv `ÊÃiÀÛ Vi]Ê ÕÃi ii« }Ê> `Ê >Õ `ÀÞ°Ê À> `Ê iÜ]Ê 18 Ê V ` Õ ÃÊÜ Ì ÊvÕ Ê ÌV i Ã]Ê >Õ `ÀÞ]Ê«>Ì ÃÊ ÀÊ`iV Ã]Ê vÌÞÊ ½ÊVi }ÃÊ> `Ê> ÀÞ]Ê «i Ê y ÀÊ« > Ã°Ê ÝVi«Ì > ÊÛ> ÕiÊvÀ Ê$299,000t

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

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

MERRITT, BC

KAMLOOPS, BC & AREA UÊÊInvestors – 3 Prime Commercial Strata Units: fÓ£ ] ääÊ Ì Ê f{Î ] ää°Ê x°Ó¯Ê V>«Ê À>ÌiÊ>ÌÊ>à }Ê«À ViÊ« ÕÃÊiÝÌÀ>Ê i>ÃiÊë>Vi°Ê /Õ L iÀÊ, `}i]Ê ° UÊÊPub, Liquor Store, RestaurantÊ Ê £ÃÌÊ y À]Ê « ÕÃÊ Ó `Ê y ÀÊ Ü>ÃÊ £{Ê Ìi Ê À Ã]Ê Ü V Ê ÜÊ ii`Ê ÃÕLÃÌ> Ì > Ê Ü À Ê LÕÌÊ ÀiyiVÌi`Ê ÊÌ iÊ«À Vi°Ê-Õ«iÀÊLÕÞ]Ê >Ãi]Ê °Ê Ê $600,000 UÊÊRestaurant]ÊiÛiÀÞÌ }ÊÃÌ>ÞðÊÓnÊÞi>ÀÃÊ Ê LÕà iÃÃ]ÊLÕÃÞ]ÊLÕÃÞÊ $90,000 UÊRetire or ?Ê Ü Ì Ê V i°Ê ÎäÊ ÃÊ vÀ Ê > «Ã°ÊÇÊÞi>ÀÊ `ÊÀ> V iÀÊÜ Ì ÊÃÕ ÌiÊ ` Ü Ê Ài Ìi`Ê v ÀÊ fÇxäÊ «iÀÊ Ê « ÕÃÊ ÈÊ «>`ÃÊ v ÀÊ «>À Ê `i Ê iÃÊ Ü V Ê Ài ÌÊ v ÀÊ fÎxä°ääÊ i>V Ê « ÕÃÊ Îä½Ê ÝÊ xä½Ê à «Ê > Ê Ê > VÕÀi`Ê Ó°{ Ê VÀii Ê Ã `iÊ >VÀið Ê $795,000 UÊÊMini MallÊxÊÕ ÌÃÊ« ÕÃÊL>Ãi i ÌÊv ÀÊvÕÌÕÀiÊ `iÛi « i ÌÊ> Ã Ê >ÃÊà > ÊL>V i ÀÊÃÕ ÌiÊ ` Ü °Ê } Ü>ÞÊ vÀ Ì>}i°Ê >ÀÀ iÀi]Ê °Ê Ê $450,000 UÊÊWarehouse for lease. ««À Ý >Ìi ÞÊ £n]äääÊõÊvÌÊÜ Ì Ê >` }Ê` V ÃÊV ÃiÊÌ Ê > «ÃÊV ÌÞÊVi ÌÀi° UÊÊLand & Building for sale.Ê < }ÊÊ > ÜÃÊV iÀV > ÊEÊ Õ Ì v> ÞÊ>«>ÀÌ i Ì°Ê{]äääÊõÊvÌÊLÕ ` }°Ê£ÉÓÊ>VÀiÊ Ì°ÊÊ 6> iÞÛ iÜÊÃÕLÊqÊ` Û Ã ° $875,000 UÊÊ4000 sq ft Free Standing Building Ê ÀÊ i>Ãi]Ê } `Ê «>À }]Ê } `Ê iÝ« ÃÕÀi° $10.00 per sq ft plus triple net

Ê

Former Taco Del Mar $24,900 Quick Sale Price High Traffic Area Selling this Turnkey Restaurant Location Over $100,000 of Equipment 22 Seats, Lease to be negotiated

FOR SALE

BY OWNER Glacier Park Lodge Roger’s Pass, BC $3.2 Million

Revelstoke Lodge Revelstoke, BC $3.1 Million

250.832.5926 KELOWNA & OKANAGAN ACREAGES ACRES

South East Kelowna beautiful flat hay land with full irrigation water. Two homes, large barn, detached garage. Only 10 minutes to downtown. Seller will consider lower priced Kelowna home on trade. $1,900,000. MLS®

ACRES

Set up for horses. Spectacular views of Kalamalka Lake. Located between Kelowna and Vernon. Has 20 acres of irrigation water. 3 bedroom home + large livestock barn.

Zoning will permit 2nd home. $1,290,000 MLS®

ACRES

Extremely private setting just 15 minutes to downtown Kelowna. Custom built home, and wilderness retreat. 28 x 28 ft garage with in-law suite. Good well water + water rights on Bear Creek. $1,390,000 MLS® Open to Offers!

19 32 84 149 160

Call MARVIN MATT

1-888-374-3022 ""*-Ê, /9Ê / °

Interior British Columbia B5

mmatt@shaw.ca

ACRES Mature timber stand. Has 3 bdrm panabode home. Zoning permits second dwelling.

Has subdivision potential. Mission Creek frontage. Open to offers, asking $745,000!!

ACRES Oyama Rock Quarry for pink granite rock. Located between Vernon & Kelowna.

3 legal Titles. Panoramic lake views! Highway 97 exposure. Seller will consider trades and may carry financing. $1,450,000 MLS® Open to Offers!

DAVID JUROME 250-862-1888

www.realestatekamloops.ca

www.davidjurome.com

Property taxes too high?

@6BADDEH

• Is your 2011 Property Assessment value fair?

• Is your assessment value equitable?

For Sale or For Lease

• Is your property tax classification correct?

• Have you received all available property tax exemptions?

• Should you file an appeal?

Deadline for appeal is January 31, 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: 888-764-9143 E-mail: tim@pacwestrealestate.ca Web: www.pacwestrealestate.ca

OPPORTUNITIES: UÊ ÌiÀÌ> i ÌÊ >V ÌÞÊUÊ i` V> Ê vwÊViÊUÊ VÌ ÛiÊ> `Ê«>Ãà ÛiÊÀiVÀi>Ì Ê UÊ*iÀà > ÊÃiÀÛ ViÃÊUÊ Õ ÌÞÊV>ÀiÊv>V ÌÞÊUÊ i> Ì ÊÃiÀÛ Vià -ÌÀ>Ì>Ê ÌÊ Ê Ê£ ÎÇÊõ°vÌ°Ê -ÌÀ>Ì>Ê ÌÊ Ê Ê£Ó£äÊõ°vÌ°Ê -ÌÀ>Ì>Ê ÌÊ Ê ÊÎÈänÊõ°vÌ°Ê

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

Email: mona@mcmrealestate.ca

www.mcmrealestate.ca

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

B6 Interior British Columbia

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

Each office is independently owned and operated.

KAMLOOPS & AREA

OSOYOOS

VERNON, B.C.

Attention

RECREATIONAL GET AWAY...

2500 - 53rd Avenue -FBTF BOE PXOFSTIJQ PQQPSUVOJUJFT BWBJMBCMF #FBVUJGVM /FX #VJMEJOH -FBTF GSPN TR GU 0XO GSPN

Agents: PLUMBING BUSINESS, OSOYOOS, BC $99,000 20 year established home based busi-

...IN LAC LE JEUNE, BC. Only 3 hrs from Vancouver, 20 min from Kamloops.

10 yr old exceptionally well kept timber frame home boasts 3,000 sq. ft. ďŹ nished. Radiant ďŹ&#x201A;oor heating in etched concrete ďŹ&#x201A;oors. 3 bathrooms, gas ďŹ replace, jetted tub, great lake views, outdoor sauna, large double heated garage. All on 1 fenced acre. Fishing, boating, swimming, biking, hiking, skiing etc.

"All at your doorstep." Price $499,000 ================================= 3.88 ACRES HIGHWAY FRONTAGE Hwy. AF-1 zoning allows for fruit stand & residence.

Water irrigation from river. Great view.

Price $450,000 ================================= REVENUE PRODUCING PROPERTY 5,000 sq. ft. single level building with 10' high ceiling. 0.5 acres fronting on #1 Highway. OfďŹ ce space plus large open area. Zoned Light Industrial.

Existing tenancy until November 2011.

Price $300,000 For More Details Contact

BILL ALBERS 250-374-3331

RE/MAX Kamloops, BC

REACH QUALIFIED BUYERS FOR YOUR LISTINGS

ness, 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 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.

8121 MAIN STREET $649,000 MLSÂŽ

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

.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.

MARY IHME RE/MAX Realty Solutions

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

1-800-667-2040 1- 250-549-4161 3& ."9 7FSOPO

call Gary

toll-free: 1-800-661-6988

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

tel: (604)

669-8500 or fax: (604) 669-2154

Office: 1-250-495-7441 Toll Free: 1-866-495-7441 8507 Main Street, Osoyoos BC V0H 1V0

Takahashi

gtakahashi@westerninvestor.com

Each office is independently owned and operated.

DONE DEALS New! Done Deals editorial feature will highlight deal flow in Western Canada.

Show the market what is moving and who is moving it. The monthly report will highlight major (basically 50K square feet or more; or land deals of $2 million or more) commercial real estate transactions that have closed within the last 30-45 days in Western Canada.

FRANK O'BRIEN Editor

Please send us the following information: â&#x20AC;˘ What was sold or leased? â&#x20AC;˘ Who was the vendor (if possible)? â&#x20AC;˘ Who was the buyer/tenant? â&#x20AC;˘ If the name of the buyer is confidential, please tell what type of buyer

(i.e., REIT, institutional, local investor, foreign investor, owner/builder) â&#x20AC;˘ Who was the listing agent/agency? â&#x20AC;˘ What was the selling price?

Please forward this information directly to: Frank Oâ&#x20AC;&#x2122;Brien, Western Investor Editor at wieditor@biv.com. www.westerninvestor.com 1-800-661-6988

B7

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

ICI OUTLOOK Calgary offices suddenly hot, but Saskatoon and Regina lead the Prairie industrial pace

0GGJDF JOEVTUSJBM JOUP

to 4.4 per cent. Demand could spike sharply, however, if the price of oil hits US$100 a barrell (it was at $84 at our press time). â&#x20AC;&#x153;Stability in commodities, and specifically oil, has resulted in an increase of industrial activity in the Edmonton area over the past six months,â&#x20AC;? commented Avison Young principal Rob Iwaschuk. â&#x20AC;&#x153;Rental rates have stabilized and developers are now looking to once again put their shovels in the ground and begin construction on new business parks.â&#x20AC;?

DAVE HUSDAL/WI STAFF WESTERN INVESTOR he office real estate markets in Albertaâ&#x20AC;&#x2122;s two big cities appear to be heading in different directions as the oilpatch picks up steam while the provincial government tries to contain its deficit.

5

4BTLBUDIFXBO Photo: Foreman

TOP When Calgaryâ&#x20AC;&#x2122;s Bow tower completes it is expected to drive the downtown office vacancy rate back to the 13 per cent range.

RIGHT Saskatoon has the lowest industrial vacancy rate in Canada at 2 per cent.

all sectors of the Edmonton office market and it is anticipated that net lease rates could fall by another 10 per cent to 15 per cent over the next 12 months. Record-high tenant inducement packages are being used to entice potential occupants to relocate while maintaining acceptable rental rates.â&#x20AC;?

The average Edmonton office rental rate was sitting at around $17 per square foot in the second quarter of 2010.

If Edmonton office vacancies hit 12 per cent, it could be even with Calgary by 2013.

It was only a year ago that Colliers was pegging Edmontonâ&#x20AC;&#x2122;s skyline office vacancy rate at 6 per cent.

Asking prices for the best Class AA buildings in Edmonton have fallen back to $30 a square foot from over $35.

â&#x20AC;&#x153;Saskatoon and Regina continue to lead Canada with the lowest industrial vacancy ratesâ&#x20AC;? said Tom McClocklin, presiden t o f Co lliers McClo cklin , Saskatoon. â&#x20AC;&#x153;Demand for industrial space remains strong and given our economy, we expect this demand to continue into 2011.â&#x20AC;?

The industrial vacancy rate is 2 per cent in Saskatoon and 2.5 per cent in Regina, or about half of what it is in Albertaâ&#x20AC;&#x2122;s major cities.

The strength of the Saskatoon industrial market is fuelled by strong lease activity and a number of owner-user developments in the city-owned Marquis industrial park. In the third quarter of last year, more than 450,000 square feet of industrial space was leased up, McClocklin notes.

Due to low interest rates and relatively high industrial lease rates the majority o f 2010 construction has been characterized by owner-users. In recent months there has been a resurgence of speculative construction as developers recognize that inventory is not meeting demand.

The Marquis park is an indication o f Saskatoonâ&#x20AC;&#x2122;s industrial muscle. When the Photo: ICR Commercial

In volatile Calgary, the recovering oilpatch has been gobbling up office space above initial expectations.

Colliers International reports that Calgaryâ&#x20AC;&#x2122;s office vacancy rate fell to 13.75 per cent at the end of the third quarter, down from 15.2 per cent three months earlier.

Whatâ&#x20AC;&#x2122;s more, Colliers is now predicting that rate will fall to 11.6 per cent in 2011, and only jump to 13.4 per cent in 2012 when The Bow opens, and Encana and Cenovus Energy employees move into the tallest Canadian office tower west of Toronto.

It wasnâ&#x20AC;&#x2122;t that long ago when there were predictions Calgaryâ&#x20AC;&#x2122;s office vacancy rate could hit close to 20 per cent in a depressed economy with completion of The Bow and a lack of backfill tenants for vacated space.

Office vacancy rates in Edmonton remain lower than those in Calgary, but theyâ&#x20AC;&#x2122;re heading up, rather than down, according to both Colliers and Avison Young.

In its third-quarter research report on Edmontonâ&#x20AC;&#x2122;s office market, Avison Young said the vacancy rate rose from 8.3 per cent to 9.6 per cent. Rising vacancies from negative absorption have put downward pressure on lease rates in the capital â&#x20AC;&#x201C; pressure that comes also from more space ready for occupancy. â&#x20AC;&#x153;Landlords in the financial core are mitigating their risk and exposure now in preparation for the expected 3 per cent hike in vacancy upon the opening of theEpcor Tower in 2012,â&#x20AC;?

Avison Young noted. â&#x20AC;&#x153;Competition to win tenancies continues to put downward pressure on lease rates across

*OEVTUSJBM

In the industrial market, things are also tightening up in Calgary. Colliers says the cityâ&#x20AC;&#x2122;s industrial vacancy rate fell in the third quarter of 2010 to 4.8 per cent from 5.3 per cent three months earlier. â&#x20AC;&#x153;This decline is the marketâ&#x20AC;&#x2122;s third consecutive quarterly decrease in vacancy and indicates that the industrial market in Calgary is relatively healthy,â&#x20AC;? Colliers said.

Sales of Calgary industrial buildings have been relatively slow, and Colliers expected the number of sales for 2010 to be below average.

Land values have remained relatively flat, with northeast parcels still the most costly at $800,000 an acre.

Edmontonâ&#x20AC;&#x2122;s industrial market has also seen vacancy rates fall in the third quarter of 2010

Please see Next page B8

*OUFSJPS # $ #VTJOFTT 0QQPSUVOJUJFT

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s !CROSS STREET FROM REGIONAL HOSPITAL AND COURTHOUSE

1-800-661-6988

IN WEST KOOTENAY REGION IN THE COMMUNITY OF GENELLE ON THE BANKS OF THE COLUMBIA RIVER Adult mobile home park with 12 pads on 7 ďŹ&#x201A;at acres including 1400 sq. ft. home with a separate basement suite and an in-ground swimming pool. $1.3 MILLION. For information call Sid or Marianne

250.693.2436 To view: http://joerichproject.com/crockett/

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

s 3TRONG ESTABLISHED CLIENTELE 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

604-669-8500

REVENUE PROPERTY FOR SALE

$5,200,000 Will cooperate with realtors

250-371-1055

OWNERSHIP OPPORTUNITY â&#x20AC;&#x201C; BUILDING SUPPLY STORE IN BC â&#x20AC;&#x201C; Own your own IRLY Building Centre dealership. We are seeking entrepreneurs to be part of BCâ&#x20AC;&#x2122;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

B8 Interior/Northern British Columbia /&95 from B7

NORTHERN BESTSELLERS Hay River, NWT

Good quality ofďŹ ce building UĂ&#x160;Ă&#x201C;Ă&#x17D;Ă&#x160;Â&#x153;vwViĂ&#x192; UĂ&#x160;Ă&#x201C;Ă&#x160;LÂ&#x153;>Ă&#x20AC;`Ă&#x20AC;Â&#x153;Â&#x153;Â&#x201C;Ă&#x192;

92 man camp and mess hall UĂ&#x160; Ă&#x2022;Â&#x201C;iĂ&#x20AC;Â&#x153;Ă&#x2022;Ă&#x192;Ă&#x160;Â&#x153;Ă&#x152;Â&#x2026;iĂ&#x20AC;Ă&#x160;Â&#x2C6;Â&#x2DC;`Ă&#x2022;Ă&#x192;Ă&#x152;Ă&#x20AC;Â&#x2C6;>Â?

UĂ&#x160; Ă&#x2022;Â&#x2C6;Â?`Â&#x2C6;Â&#x2DC;}Ă&#x192;Ă&#x160;EĂ&#x160;`iĂ&#x203A;iÂ?Â&#x153;ÂŤÂ&#x201C;iÂ&#x2DC;Ă&#x152;Ă&#x160;Â?Â&#x153;Ă&#x152;Ă&#x192;

Details at: www.cb.yk.com Contact Jim Weller 867-669-2112 jimw@cb.yk.com

BIG Opportunities BIG and SMALL. Land; multi-residential, buildings and business opportunities every month in the Western Investor.

1-800-661-6988

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

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city put 24 lots on City Office vacancy rate 2010 Office vacancy rate 2011 the market early last Edmonton 9.6 per cent 11.7 per cent year, they sold out at Calgary 13.7 per cent 11.6 per cent between $295,000 Regina 1.1 per cent 2 per cent and $345,000 per acre.

Saskatoon 4.6 per cent 4.4 per cent By mid-year, prices Winnipeg 7.6 per cent 8 per cent had risen to $385,000 Source: Cushman&Wakefield/Colliers/Western Investor to $480,000 per acre when 10 new lots were released. Despite an average price increase of .BOJUPCB over 20 per cent, the city has sold seven of Winnipeg has 10.1 million square feet of these 10 lots. office space in the sprawling downtown, Saskatoon industrial rental rates are between after completion of the first new tower â&#x20AC;&#x201C; the $11 and $13 net per square foot for new con- 600,000-square-foot Manitoba Hydro buildstruction and $8.50 and $10 net for existing ing â&#x20AC;&#x201C; last year, plus some smaller buildings. facilities, among the highest in the country.

The overall office vacancy rate is 7.8 per cent, Colliers McClocklin expects industrial reports a study by Cushman & Wakefield, vacancy to increase briefly with the completion which notes the Class A downtown vacancy of several speculative construction projects in rate is 6.2 per cent, but sublet space coming 2011, but believes available space will persist to the market this year will keep suurban rates at historically low levels. fairly high.

Reginaâ&#x20AC;&#x2122;s small â&#x20AC;&#x201C; 1 million square feet of Class More core construction is expected in 2011A space downtown â&#x20AC;&#x201C; office market is ridiculous- 12 because â&#x20AC;&#x153;a number of larger tenants are ly tight, pegged at around 1 per cent vacancy by waiting for large blocks of premium space,â&#x20AC;?

Colliers. Only two new buildings, one Class A Cushman & Wakefield forecast. Winnipegâ&#x20AC;&#x2122;s and one Class B, are under construction. Largest development agency, CentreVenture, is offeris the Mosaic tower, with 190,000 square feet. ing tax incentives to encourage downtown This, and the 80,000-square-foot B tower at the development. Class A office rental rates are corner of Albert Street and 11th Avenue, will forecast to stay flat in 2011, in the $22-to-$29complete this year. per-square-foot range.

Class A office lease rates in Regina are in Winnipeg has an industrial vacancy rate at the $23 range, but are expected to rise slightly 3.7 per cent, third lowest in Canada behind this year.

Regina and Saskatoon.â&#x2014;&#x2020;

marketing your franchise?

Call the

1-800-661-6988 â&#x20AC;˘ (604) 669-8500 â&#x20AC;˘ westerninvestor.com

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

ROSSLAND, BC MULTI FAMILY SITE 22 LOTS â&#x20AC;&#x201C; CLEARED

SENIORS GOLDEN LIFE 20 UNITS IN EXCELLENT CONDITION NICE RIVERSIDE LOCATION

$649,000

$2,990,000 POTENTIAL CO GEN PLANT 100 ACRES Large Industrial Site Major Power Line Gas Line Rail Line

$750,000 COURT ORDERED SALE CONDO PROJECT 5.8 ACRES ON THE COLUMBIA RIVER CALL US TODAY ON THIS GREAT OPPORTUNITY 1ST TRAIL REAL ESTATE LTD.

MINI STORAGE

FURNITURE & APPLIANCE

$549,000

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

$1,990,000 C-STORE, GAS BAR, $1,990,000 HOTEL & LIQUOR LIQUOR STORE, POST OFFICE STORE & RESTAURANT $799,000 FIBRE NEWLY RENOVATED RESTAURANT AND ROOMS. VENDOR WILL CARRY 1ST MORTGAGE AT A COMPETITIVE RATE.

GLASS TANKS, NEW PUMPS

$1,490,000 (250) 231-5222 www.cbcworldwide.com www.coldwellbankertrail.com

(250) 368-5508

( CELL) ( FA X )

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

SORRY, YOUR AD IS MISSING...

COMMERCIAL REAL ESTATE, FRANCHISES & BUSINESS OPPORTUNITIES IN WESTERN CANADA

For advertising information call 604-669-8500 or 1-800-661-6988 toll free anywhere in Canada or the USA.

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 qualified buyers.

403-701-9844 or psalgado@westcastle.com

HAPPY NEW YEAR – FROM EVERYONE AT NEBC !

Buick Creek Sub Shop & Camp Convenience store, postal service, & more.

Corner location with great access.

Asking $695,000 MLS®N4504483

FOR SALE Coal River Lodge & RV Located at Mile 533 Alaska Highway 37 acre country side site. Restaurant, motel, gas station, staff quarters, RV site – Complex has generated power supply & water hookups from 2 well sources, Laundromat, gift shop & more !

Asking $689,000 MLS®N4504379

NORTH EAST BC REALTY Ltd. Investing Our Energy In The North 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

Look Here For

Your Next Investment Opportunity

Northern British Columbia B9

PRINCE RUPERT GIFT SHOP $20,000 plus inventory For further information contact Vohora & Company, Chartered Accountants at 250 627 1371 or firm@vohora.ca

Financial details available for serious enquiries only

Sicamous, BC

Multi-Unit Residential 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

Burns Lake Properties

Successful Disposal Company For Sale

For Sale - 864 sq ft Office Space and 864 sq ft 2 bedroom Suite upstairs High traffic commercial area $121,500

Successful garbage disposal business in Prince Rupert, BC for sale. Share sale asking price of $580,000.

For Sale - Recreation Lakefront Executive Class home $399,000 Bungalow on 21 acres $190,000

For further information contact Vohora & Company, Chartered Accountants at 250 627 1371 or 604 541 9890.

Financial details available for serious enquiries only

For Sale - Fourplex Rental Property Three bedrooms upstairs, full basement in each unit $289,000

Burns Lake and Area Representative Dennis Bock 250 692 3530 Phone for more info

Prince George

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

MISSION - 7 ACRES - $799,999 IMMACULATE equestrian setup on a secluded and serene fertile acreage with access to small waterway for fishing, 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,30x38 workshop, hay producing field 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 find any flaws here - call today to view.

2)6%26)%7 %15%342)!. 0!2+ s 15%3.%, s !#2%3

Beautiful 2 storey with full walk out basement log home, featuring 4 bdrms, den, open living dining and kitchen area with stunning floor to ceiling river rock fire-place and magnificent view of the river. Caretakers residence,110' x 200' indoor arena with tie and box stalls, workshop area and sand riding surface, 80 x 160 out door ring, paddocks with shelters, seeded land and miles of x country trails. Located10 mins. west of town with 1km of river frontage. Priced well below replacement. Call for info pkg.

)2/. #2%%+ ,/$'%

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 sta-tion,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 from1992 to present with approvals and built to code. Steady clientele with tour buses, car, truck and camping traffic, fishermen, hikers, snowmobilers, cross country skiers and local traffic. 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 find. 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 RE/MAX Aldercenter Realty • 26641 Fraser Highway, Aldergrove, BC 1-888-341-1100 • Email: kwinther@uniserve.com

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 LEAS

#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

#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.

L A N D #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, offices, and support services. Excellent corner location, zoned commercial, very good condition, ready for an office 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

#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 office, across from doctor's office, and optometrist office. 45 x 120, great location for professional/medical office. #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

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.

B10 Northern British Columbia

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

— 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 1598 - 6th Ave ...................................................................14,300 sq ft office ........................ $1,950,000.00 1505 - 3rd Ave ................................... N4504231 ..............19,642 sq ft retail ..........................$1,250,000.00 110 Victoria St. & 105 Brunswick St. ..... N4504151 ...............8,487 sq ft retail ...........................$2,100,000.00 2493 Perrin Heights .............................. N196245 ..............Residential land................................. $45,000.00 9444 Rock Island Rd. ......................... N4504171 ...............5,200 sq ft warehouse ..................... $595,000.00

1921 Upland St. 12 unit apartment building

Zoned C-2 (Highway Commercial)

"Bee Lazee RV Park". ..........................N4504404 ...............Business/land/buildings .................$1,500,000.00

Fraser Lake, B.C.

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

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

Municipal development park 6 lots – Highway Commercial 8 lots – Light Industrial

9368 Milwaukee Way ......................... N4504301 ...............31,640 sq ft warehouse ................ $2,500,000.00

2222 Balsam Ave. – Quesnel ............ N4504291 ...............14,000 sq ft warehouse/office ...........$779,000.00 1921 Upland St...................................N4504330 ..............12 unit multi-family .......................... $850,000.00

Zoned M-1 (Light Commercial)

508 George St. ................................ N4504232 ...............retail (restaurant) .......................... $2,000,000.00 'Domano Florists' ................................N4503630 ...............Business Only ..................................$140,000.00 'The Inn Flower Place' ..........................N4503632 ...............Business Only .................................. $139,900.00 1527 - 3rd Ave ...................................N4504230 ...............4,772 sq ft retail ............................. $600,000.00 971 Hart Hwy .................................... N4503912 ...............Land - 5.02 Acres ........................... $350,000.00

1550 - 1st Ave.

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

Investment Opportunity 3 concrete block warehouses on 3 Acres.

44, 080 sq ft total space.

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 26485 Telegraph Rd. – Vanderhoof .... N4504362 .............539 Ac. Residential ....................... $700,000.00

9368 Milwaukee Way

996 Central St. ................................... N4504419 ..............LAND ............................................ $190,000.00

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

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

971 Hart Hwy. High visibility. Located intersection of pulpmill Rd & North Nechako. Approx. 4 Acres usable.

1108 Boundary Rd ....................... N4504015 .............9,000 sq ft ............................... INDUSTRIAL 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

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

KEN Goss

GEORGE Weinand

250-565-7653

250-960-9556

$42 could make you millions!

Western Investor readers tell us: "I am looking for a business and I read it cover to cover. It keeps me up to date on what's for sale and I also pick up some tips in every issue. Keep up the good work."

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Northern British Columbia B11

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

#SJUJTI $PMVNCJB

Fort St. James offers incentives

F

ort St. James, the closest centre to the new Mt. Milligan mine, is dangling incentives to lure industrial investors to the town of 2,000 in northern B.C. The town council is now offering a five-year property tax holiday for owners improving industrial property under a bylaw approved in October. Industrial lots sell for about $4,000 per acre, according to town administrator Kevin Crook. The town is also offering incentives to retail property owners who upgrade downtown property, he said.

The Mt. Milligan mine holds an estimated 5.5 million ounces of gold and nearly 2 billion pounds of copper. The mine, owned by Thompson Creek Metals of Denver, Colorado, received federal approval last fall as the first new mine in B.C. in more than a decade.

It is estimated that the mine will provide 600 jobs, but Thompson Creek has no plans for on-site accommodation, which should boost motel and apartment rentals in Fort St. James, Crook added.

Loblaw expands in Metro region

L

oblaw Companies Ltd. is quietly ramping-up investment in the Lower Mainland, making over its existing holdings and adding new stores.

The latest project is a joint venture with Anthem Properties Group that will see a 40,000-square-foot grocery store anchoring a $100 million development at 17th and Lonsdale in North Vancouver, now home to an Extra Foods store. Christened â&#x20AC;&#x153;Local on Lonsdale,â&#x20AC;? the proposed project includes 175 residential units.

The project joins other investments in B.C., including redevelopment of the former Office Depot site in the 300-block of West Broadway

for a No Frills location, as well as the opening of the Joe Fresh clothing store on Granville Street a few doors down from Holt Renfrew, a sister company to Loblaw through the Weston clan, which controls both. â&#x20AC;&#x201C; Peter Mitham/BIV

Green parking lots costly but popular

A

two-year-old Vancouver company has opened the â&#x20AC;&#x153;worldâ&#x20AC;&#x2122;s greenest parking facilityâ&#x20AC;? in Denver and plans to open similar lots across Canada and the United States.

Greenscape Capital Group Inc.â&#x20AC;&#x2122;s flagship project at the Denver International Airport will test whether the companyâ&#x20AC;&#x2122;s green approach to building parking lots attracts drivers and whether itâ&#x20AC;&#x2122;s profitable in the long term after factoring in the higher upfront costs required to install more efficient infrastructure.

Greenscape CEO Bryan Slusarchuk said that because parking lots usually require 24-hour lighting, those costs can be greatly reduced by installing LED lights â&#x20AC;&#x201C; as Greenscape did.

The companyâ&#x20AC;&#x2122;s 4,200-stall lot, which is branded Canopy Airport Parking, is powered by wind, solar and geothermal energy. It also includes electric vehicle charging stations.

Its asphalt was even made from recycled roofing shingles and the project has LEED (leadership in energy and environmental design) gold certification.

Greenscape built the parking facility with an US$8.5 million bank loan and US$9 million in equity, raised largely through issuing warrants and from large shareholder loans and unrelated third parties.

Randall Hsu, a research associate with Fundamental Research Corp., said that while the company has taken on large debt to build the Denver lot, itâ&#x20AC;&#x2122;s backstopped by the lotâ&#x20AC;&#x2122;s $30 million to $40 million appraised value.

When asked why the parking lot industry has been a green laggard, Hsu said: â&#x20AC;&#x153;Itâ&#x20AC;&#x2122;s probably because the [green] costs are still substantial compared to building a standard parking lot at this point.â&#x20AC;? â&#x20AC;&#x201C; Curt Cherewayko/BIV

PRINCE GEORGE

opportunities

%BJNMFS FZFT 7BODPVWFS GPS DBS HP QJMPU SPMMPVU

G

ermany-based Daimler is eyeing Vancouver as the second North American city for its car2go carsharing program.

Launched two years ago in Germany and available in Austin, Texas, since last year, the concept involves Smart Fortwo cars that are rented by the minute (or about $13 per hour).

Registered members can pre-book the cars online or via mobile phone, or check out an available vehicle on the spot (a member can swipe in using a Car2go share service planned for Vancouver. card reader on the windshield). When done, the car is returned to any unoccupied parking space within a set operation area.

Currently, car2go is assessing its in-vehicle technology with selected non-profits and businesses in Vancouver, including Vancouver Public Library, Vancouver Film School, Bard on the Beach Shakespeare Festival and a set of UBC staff and graduate students. The trial assessment is being conducted to validate and refine business processes and technical systems before further large-scale rollouts in Canada and the United States. â&#x20AC;&#x153;We elected to perform our trial assessment in Vancouver because of its proximity to one of our technology providers, allowing us to monitor and analyze the data first-hand,â&#x20AC;? said Nicholas Cole, president and CEO of car2go, N.A., LLC. â&#x20AC;&#x153;With this trial assessment, car2go will better understand how our systems work in different countries, providing data sets to help us ultimately enhance the car2go experience for our members.â&#x20AC;?

According to Cole, more than 15,000 members were signed up in Austin and used 100,000 rentals in the first year of operation.

Photo: Daimler

8 ) "5 ¤ 4 ) " 1 1 & / * / ( * /

ping in front of it or going online.

Meanwhile, Landcor has launched a new realtor mobile app called Landcor Professional. Unlike CREAâ&#x20AC;&#x2122;s app it does not track listings, but provides detailed information on all 1,191,000 properties in B.C. he Canadian Real Estate Association The Landcor Professional, expected to cost (CREA) has rolled out a new mobile app from $22 to $25 per month for unlimited use, for realtors to track MLS sales and listings is restricted to licensed realtors. and other information, but a new product A realtor can punch in any B.C. address and from Landcor Data in New Westminster may the software will give the last 10 comparable put more hard real estate information into sales, assessed value, whether it is a rental the hands of realtors.

CREAâ&#x20AC;&#x2122;s released the new mobile application and show a â&#x20AC;&#x153;market shiftâ&#x20AC;? of how assessments on the property have changed over the past for Realtor.ca (the large MLS data system) 18 months. Sales information is refreshed for Windows Phone 7 and says it will make the app available for Blackberrys and iPhones each week. The program also links with Google maps to show locations and street early this year.

The app works with GPS to let realtors track views of any property, according to Landcor president Rudy Nielsen.â&#x2014;&#x2020; information on any property simply by stop-

Realtors handed mobile apps

T

FORT. ST. JOHN LOCATION, LOCATION, LOCATION!

FOR LEASE

10004 - 94th Ave 2800 sq ft shop with ofďŹ ce/reception area.

1-10â&#x20AC;&#x2122; & 1-12â&#x20AC;&#x2122; door + mezzanine for storage. $549,900 MLS# N4504434

Approx 10 minutes from town. 4 ofďŹ ces. Shop has 22â&#x20AC;&#x2122; ceilings, 10 ton crane over in-ďŹ&#x201A;oor steel tracks, 5 bays (1 drive through). $9.25/ sq. ft. MLS# N4504464

GREAT INVESTMENT PROPERTY

REVENUE GENERATOR!

7142 â&#x20AC;&#x201C; 252 Rd.

Cluculz Lake â&#x20AC;Ś your all season playground zoned for recreational/residential development Parcel 1 - 55 acres, 3 titles $545,000 approx 1650â&#x20AC;&#x2122; of lakefront, easy access Parcel 2 - 26 acres, 2 titles $365,000 approx 1450â&#x20AC;&#x2122; of lakefront, hwy access Riverfront Condo Development $575,000 1.76 acres - approx 263â&#x20AC;&#x2122; of riverfront zoned RM1 - multiple residential preliminary drawings for 13 THâ&#x20AC;&#x2122;s on file Residential Development Property 13 lots - 1.1 acres, zoned residential strategically located adjacent to Connaught Hill Park - walk to shopping Near Costco & Future Shop $789,500 prime, high traffic, high profile location 3664 sq ft building on 1/2 acre lot zoned M3 - Business Industrial

Elaine Kienzle 250

563-8769

www.elainekienzle.com

6511 Wildmare Sub., Chetwynd 10,000 sq ft with ofďŹ ce/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!

HIGHLY VISIBLE LOCATION!

9929 - Swanson Street

8705 - 100th Street

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

9600 sq ft commercial/warehouse with good exposure!

2 overhead cranes, clean site. 1-drive through & 3 service bays. 2.436 Acres. $990,000 MLS# N4504458

KATHY MILLER

CURTIS ROBINSON

Remax Action Realty 1991 Inc.

kathy@bugkathymiller.com curtis@remaxaction.ca 250-785-5520 Toll Free: 1-888-785-5520

The Power Of Partnership!

96CHDC >C9JHIG>6A H>I:

;DG H6A: DG A:6H: â&#x20AC;˘ â&#x20AC;˘ â&#x20AC;˘ â&#x20AC;˘ â&#x20AC;˘

.)*( GdX` >haVcY GdVY Eg^XZ/ &!).%!%%% AZVhZ GViZ/ -#%%$hf# [i#! ig^eaZ cZi AdXViZY ^c Eg^cXZ <Zdg\Z &*!-&' hf# [i# lVgZ]djhZ$gZiV^a$d[Ă&#x201E;XZ$ hidgV\Z â&#x20AC;˘ '#*) VXgZ [ZcXZY egdeZgin â&#x20AC;˘ ( &'!%%% aW d$] XgVcZh â&#x20AC;˘ &+ d$] Yddgh " . WVnh

SYLVIA THERRIEN EZghdcVa GZVa :hiViZ 8dge

250.385.2033 sylvia@sylviatherrien.ca www.sylviatherrien.ca

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

B12 Alberta THE CITY

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

NORTHERN ALBERTA

OF

CAMROSE T R C HE

EGIONAL

INVESTMENT/BUSINESS OPPORTUNITY â&#x20AC;˘ Restaurant/lounge/gas bar/convenient store for sale in Northern Alberta â&#x20AC;˘ 100 Acres fronting MacKenzie Highway 35 perfect for commercial development â&#x20AC;˘ Greenhouse business in Manning, AB to be moved â&#x20AC;˘ Commercial Lots For Sale in Manning, AB Looking for Investor's to purchase 4-plexes in the Peace Country

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

DENNIS TWOMEY Economic Development Coordinator

Write: 5204 â&#x20AC;&#x201C; 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

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

For Further Information contact:

Evelyn Petkus 780-836-3086 or 780-836-6478 EMAIL: Petkus@telus.net ROYAL LEPAGE, CASEY REALTY LTD. PEACE RIVER, AB

Sutton Group - West Coast Realty #102 - 403 North Road Coquitlam BC V3K 3V9

www.manningrealestate.ca

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

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

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

Grande Prairie, Alberta Commercial Building & Development Land Opportunity.

20,000 Sq. Ft. Commercial Building on 1.2 acres. Triple A tenant mix.

Long term leases in place. Triple Net. Constructed in 2007 to high standards (Triple Pane Glass, Steel/Wood Construction, Concrete Floors), cultured stone and stucco exterior. An Architectural Landmark. 0.8 acre Vacant Lot adjacent to Commercial Building. Future development opportunity. Possible opportunities include Commercial and Retail space.

Ideal location in Grande Prairie. Located within 2 blocks of new Regional Hospital and 3 blocks of Grande Prairie Regional College. Located adjacent to Wal-Mart. Will consider selling properties individually or as a package.

Email: grandeinvestment@gmail.com

www.property-solutions.ca

Colliers International 3555 Manulife Place, 10180 â&#x20AC;&#x201C; 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 PENDING

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

1.75 Hwy ACRES

Parkland County, AB Country Residential, preliminary development plan available

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

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

Steven Pearson

Jeff Grobman

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

DIR +1 780 969 3031 jeff.grobman@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 3006 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

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

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

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

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

78 LOT SUB-DIVISION Grande Prairie, AB For development

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

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

Ken Shebib MOB +1 780 863 7355 Edmonton | DIR ken.shebib@colliers.com

+1 780 881 6297 Fort McMurray

B13

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

RECREATION FEATURE â&#x20AC;&#x153;Best new resortâ&#x20AC;? in B.C. sees rare success selling hotel-condos as shared purchases

FRANK Oâ&#x20AC;&#x2122;BRIEN WESTERN INVESTOR n award-winning Victoria resort has found that fractional ownership remains a viable route to real estate sales in a slow market.

"

The only urban fractional resort in the province, Parkside Victoria by Aviawest Resort Group, has sold 85 per cent of the shares offered in its first 86-unit tower, according to company spokesman Neil Judson. About 15 per cent have sold in a smaller second tower.

The 126 suites are sold as fractional shares, split into one-quarter, one-eight and one-sixteen fractions, he explained.

The one-quarter ownerships start at $149,000 for a one-bedroom suite and $219,900 for a two-bedroom suite. One-eight ownership is available from $115,892 for a one-bedroom and from $121,800 for a two-bedroom.

By selling units as one-eight fractionals there is potential of capturing more than $925,000 for

a one-bedroom suite, high by any standards and about three times the price of a typical Victoria condominium.

Fractional ownership allows the buyer to use the resort condominium for a set period each year, for example, three months of rotating time under a quarter-share arrangement.

As in most resort fractionals, Parkside places the suites in a rental pool when not being used by owners. The resort collects 35 per cent of the rental revenue for management fees with the remainder going to the owner. The fractional ownership does not extend to the commercial aspects of the resort, such as the restaurant and lounges. For fractional owners, this can be good news because, while owners would share in the income they would also be responsible for any losses if the commercial property is part of their ownership agreement.

Judson said most Parkside buyers have come from Alberta.

The Parkside fractional success is rare.

According to speakers at the recent Western

Canada Resort Conference, fractional resorts have had a poor track record and have the worst potential value growth in 2011.

Critics note that fractionals carry high maintenance costs and are difficult to both finance and resell. Mike Wintemute, manager of Re/ Max Sea-to-Sky Real Estate, Whistler, also cautions that on a resort quarter-share â&#x20AC;&#x153;each owner will have a Christmas slot only once every four years.â&#x20AC;? He adds that such units cost more per square foot than a conventional condominium that is not divided into shares, â&#x20AC;&#x153;If you are buying a fractional you are buying a lifestyle,â&#x20AC;? said real estate consultantOzzie Jurock. â&#x20AC;&#x153;It is not real estate.â&#x20AC;?

Parksideâ&#x20AC;&#x2122;s ability to sell fractional shares in a tough resort market could be due to its downtown location and its quality of construction.

LEED-certified Parkside recently captured the Urban Development Institute award of excellence as the best new resort property in the province. Earlier last year, Parkside also beat out top Disney resorts to win gold awards

Photo: UDI

'SBDUJPOBM TBMFT TIBQF BXBSE XJOOJOH SFTPSU

Fractional: the Parkside Victoria has bucked a trend with its sales success.

in both design and site plan categories from the U.S.-based American Resort Development Association.â&#x2014;&#x2020;

)JTUPSJDBM JTMBOE TJUF DPVME CF DVU JOUP MPUT 77-acre parcel of near virgin forests and waterfront on Saltspring Island has been put on the market for the first time in 45 years, with the potential of dividing the property into building lots, a plan that may spark controversy in the Gulf Islands.

The water-access Bold Bluff property includes 2,700 feet of oceanfront and was originally developed as a secret hideaway for the lieutenant-governor of B.C. to escape threats during the Second World War. Artist and naturalist Tamar Griggs has owned it since 1965, and operated it as a resort and retreat.

Photo: LandQuest Realty Corp.

"

Bold Bluff property, Saltspring Island.

Property agents Rich Osborne and Matt Cameron of LandQuest Realty Corp. say the task at hand is balancing the propertyâ&#x20AC;&#x2122;s development potential with its ecological value. The property is zoned for five-acre lots and about

15 could be developed, Osborne said.

However, the property is highlighted under the Nature Conservancy of Canadaâ&#x20AC;&#x2122;s Salish Sea Natural Area Conservation Plan, which identifies coastal areas that are both ecologically sensitive and under threat and therefore a priority for conservation actions. The conservancy wanted to buy the property but could not raise the money, Osborne said.

Tom Swann of the Nature Conservancy of Canada said Bold Bluff will likely require a unique private buyer: â&#x20AC;&#x153;a developer and philanthropist at the same time.â&#x20AC;?

He notes the land represents one of the

last intact examples of an old-growth coastal Douglas fir ecosystem. It is accessed only by water and, because of a neighbouring park, there is no potential for road access.

Swan explained that a buyer who â&#x20AC;&#x153;eco-giftedâ&#x20AC;? areas of the land for conservation could be eligible to a tax receipt that can be carried forward for five years, while also profiting from sales of the lots. Currently, five-acre lots on Saltspring start at around $200,000, but prime waterfront parcels can be priced as high as $1 million or more, according to local realtors.

The Bold Bluff property is listed at $2.79 million, or about $36,000 per acre.â&#x2014;&#x2020;

"MCFSUB

Avison Young Real Estate Alberta Inc.

partnership. performance.

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REALTY EXECUTIVES DEVONSHIRE (THE PARK)

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â&#x20AC;˘ Retail & Hotel Development Opportunities â&#x20AC;˘ SKYPORT at Wetaskiwin Airport Sites Available â&#x20AC;˘ 44,000 loyal shoppers in immediate trading area

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

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$5,999,000 MLS® 10017949

$4,495,000 MLS® 10013279

$4,250,000 MLS® 9218020

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73!bdsf!qbsdfm!xjui!47!bdsft!OPU!jo!uif!Bhsjdvmuvsbm!

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Recreational Real Estate HOT PROPERTIES B15 s

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

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

BASKING TURTLE VINEYARD COWICHAN VALLEY

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

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LOVELY FAMILY or EXEC. HOME CLOSE TO 100 MILE HOUSE

BEAUTIFUL HOME ON THE THOMPSON RIVER

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 ÃiÊÌ Ê i>ÀÜ>ÌiÀÊ> `Ê > «Ã UÊ i>ÕÌ vÕ ÊÀ ÛiÀvÀ ÌÊ«À «iÀÌÞÊ> `ÊÛ iÜ UÊ >À}iÊ`iV ÊÌ Êi ÞÊÌ iÊ +½Ã UÊ £°Î£Ê>VÊEÊ>VViÃÃÊÌ Ê`À ÛiÊ` Ü ÊÌ ÊÀ ÛiÀ UÊ ÌÌ Ü `ÃÊEÊiÛiÀ}Àii ÊÌÀiiÃÊ ÊÌ ÃÊ V >Ìi UÊ > Ê ÀÊi > Êv ÀÊvÕÀÌ iÀÊ`iÌ> ÃÊÊ $389,900

2ICH /SBORNE RICH LANDQUEST COM

(EATHER AND -IKE $ILLON HEATHERANDMIKE LANDQUEST COM

(EATHER AND -IKE $ILLON HEATHERANDMIKE LANDQUEST COM

$AVE #OCHLAN DAVE LANDQUEST COM

+URT .IELSEN KURT LANDQUEST COM

COMOX VALLEY CRANBERRY FARM

HUSKY STATION & MINI MALL 150 MILE HOUSE, BC

DOUBLE T-GUEST RANCH 100 MILE HOUSE, BC

TROPHY LAKEFRONT ESTATE SHERIDAN LAKE, BC

ROSEBERY HIGHLANDS

UÊ } Ê}>ÃÊÃ> iÃ]ÊÀi> ÊiÃÌ>ÌiÊ vv Vi]ÊÛ `i Ê ÃÌ ÀiÊ UÊ i>ÕÌÞÊÃ> ]Ê > >`>Ê* ÃÌ]ÊÌ ÀiÊÃ « UÊ /Ü ÊL`À ÊÀi Ìi`ÊÃÕ ÌiÊEÊÌ ÀiiÊL`À Ê`L iÊ Ü `iÊÀi Ìi`Ê L iÊ iÊ UÊ *À iÊ V>Ì Ê Ê}Ài>ÌÊ« Ìi Ì > UÊ ÕÃÌÊ, 1

Ê Ê Êv ÀÊ`iÌ> ÃtttÊ

UÊ ÃÌ À VÊ}ÕiÃÌÊÀ> V Ê`>Ì }ÊL>V ÊÌ ÊÌ iÊ £ Îä½Ã UÊ -iÌÊ Ê£{ÈÊ>VÀiÃÊÜ Ì ÊÜ>ÌiÀvÀ ÌÊ ÊÌÜ Ê > ià UÊ ,> V Ê ÕÃi]Ê£ÓÊÀÕÃÌ VÊV>L à UÊ ÛiÃÌ V ]ÊiµÕ « i ÌÊ> `ÊÌ iÊ>VÌ ÛiÊ LÕà iÃÃÊÊÊ1,485,000

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 UÊ 1,695,000

UÊ ÈÊ ÊvÀ Ê iÜÊ i ÛiÀ]Ê

UÊ {xÊ>VÀiÃÊÜÉÊ >} v Vi ÌÊÛ iÜÃÊ vÊ- V> Ê > iÊ UÊ ««À Ûi`ÊÓ£Ê ÌÊÃÕL` Û Ã UÊ -ÕLÃÌ> Ì > Ê> Õ ÌÊ vÊÃiÀÛ ViÃÊ Ê« >Vi UÊ £ÃÌÊ« >ÃiÊ ÌÃÊà `Êv ÀÊf£Îä]äääÊ Êf£xä]äää UÊ Ã } $40,000Ê«iÀÊ Ì

+URT .IELSEN KURT LANDQUEST COM

! .ETWORK 'ROUP

#ARSON $ORWARD CARSON LANDQUEST COM

#ARSON $ORWARD CARSON LANDQUEST COM

,ARRY ,AING LARRY LANDQUEST COM

SUBDIVIDABLE ACREAGE NELSON, BC

11 ACRE MARINA HARRISON HOT SPRINGS, BC

CERTIFIED ORGANIC FARM QUESNEL, BC

SUBDIVIDABLE RIVERFRONT ACREAGE (23 LOTS) KAMLOOPS

57 ACRES VALEMOUNT 205 LOT SUBDIVISION

UÊ £xÓÊ>VÀiÃ°Ê¤Ê Ê À>ÃiÀÊÀ ÛiÀÊvÀ Ì UÊ Õ}iÊÈ]xääÊõÊvÌ]Ê£ÓÊL`À Ê> `Ê ÊLÌ À Ê i UÊ >À}iÊ{äÊÝÊ ä½ÊL>À ÊÜÉÊV iÀV > Ê ÌV i Ê UÊ ÓäÊÝÊÈäÊ}Àii ÕÃiÊ³Ê¤Ê iÊ À>ÃiÀÊ, ÛiÀÊ vÀ Ì>}i UÊ Ài>ÌÊv ÀÊ>Ê}À Õ«ÊÛi ÌÕÀiÊÊ $699,000

UÊ -ÕL` Û `>L iÊÀ ÛiÀvÀ ÌÊ LLÞÊv>À Ê UÊ £]xääÊvÌÊ vÊà Ài iÊ Ê °Ê/ «Ã Ê , ÛiÀÊ UÊ £xÊ ÊÌ Ê > «Ã UÊ * Ìi Ì > Êv ÀÊÇÊ>VÀiÃÊÌ ÊLiÊVÕÌÊ Ì ÊÓÎÊ ÌÃÊ UÊ ii«ÊÎÊ>VÀiÃ]Ê >À}iÊÀ> V iÀ]Êà «]ÊL>À Ê UÊ $899,000

UÊ {nÊ>VÀiÊ«À «iÀÌÞÊ UÊ £äÊ>VÀiÊÛ iÞ>À`]ÊÓnÊ>VÀiÃÊ>À>L i UÊ ÓäÊ ÊÎäÊÌ ÃÊ}À>«iÊ«À `ÕVÌ Ê UÊ iÀ Ì>}iÊ ÕÃiÊEÊL>À UÊ - ÕÌ Êà «iÊ vÊ Ì°Ê*ÀiÛ ÃÌÊ UÊ -«iVÌ>VÕ >ÀÊÛ> iÞÊEÊ Vi> ÊÛ iÜ UÊ $2,495,000 Ê

UÊ Ç{Ê>VÀiÃÊ ÊÎxÊ Ê«À `ÕVÌ UÊ ÌÃÊ vÊÜ>ÌiÀ UÊ ÃiÊÌ ÊÌ Ü UÊ "Vi> Ê-«À>Þʺ »ÊµÕ Ì> UÊ $3.665M

UÊ Ó{°xÊ>VÀiÃÊ ÕÃÌÊ£äÊ °ÊvÀ Ê i Ã Ê UÊ ÝÌi Ã Ê vÊiÝ ÃÌ }Ê i`` iÊ, >`Ê ÃÕL` Û Ã UÊ Vi«ÌÊ« > Ê>Û> >L iÊv ÀÊ£äÊÛ iÜÊ Ìà UÊ ,£Êâ }Ê> ÜÃÊv ÀÊ>ÊÛ>À iÌÞÊ vÊ`i Ã Ì ià UÊ "ÕÌÃÌ> ` }Ê «« ÀÌÕ ÌÞÊv ÀÊLÕ `iÀÊ `iÛi «iÀ°ÊÊÊÊ Ã }Ê$599,000

UÊ * ÕÃÊ Ê£°nÇÊ>VÀiÃÊv >ÌÊÕ« > `Ê«À «iÀÌÞ UÊ n{ä½Ê > ivÀ ÌÊ UÊ * Ìi Ì > Ê Ìi Ê ÀÊV ` Ê`iÛi « i Ì UÊ >À >ÊÊÓÓäÊà «ÃÊ Ê>««À Ûi`Êv ÀÊÎää UÊ " ÞÊ«À Û>ÌiÊ > ivÀ ÌÊÊ ivÌÊ Ê >ÀÀ à UÊ $6.8M

DEVELOPMENT ACREAGE MISSION, BC

UÊ {£Ê>VÀiÃÊ ÌÊ ÊÌ iÊ , UÊ < i`Êv ÀÊÃÕL` Û Ã Ê Ê iÜÊÀÕÀ> Ê>Ài> UÊ < }Ê> ÜÃÊ£ÈÊ iÊ iVÌ>ÀiÊ Ìà UÊ -ÌÕ }Ê Õ Ì> Ê> `ÊÛ> iÞÊÛ iÜà UÊ ÃiÊÌ Ê> Ê> i Ì ià UÊ Ài>ÌÊ ÛiÃÌ i ÌÊ«À «iÀÌÞ UÊ $2,200,000Ê

SHUSWAP LAKE DEVELOPMENT LANDS

UÊ ÓÎnÊ>VÀiÃÊ Ê- ÕÌ Êà Ài UÊ , >`Ê>VViÃÃÊ ÊÎääÊvÌÊ7 UÊ Ài>ÌÊÛ iÜÃ]Ê« ÜiÀ]ÊÜ>ÌiÀ UÊ ÈäÊ ÌÊ«À « Ã> ÊÀi>`ÞÊÌ Ê} UÊ ÝVi i ÌÊ V>Ì UÊ $2.2M

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

,ARRY ,AING LARRY LANDQUEST COM

"RIAN (ARRIS BRIAN LANDQUEST COM

"RIAN (ARRIS BRIAN LANDQUEST COM

-ATT #AMERON MATT LANDQUEST COM

&RED "ROWN FRED LANDQUEST COM

RECREATIONAL WATERFRONT LOTS - BURNS LAKE, BC

NORTHWAY MOTOR INN DEASE LAKE, BC

RECREATIONAL ACREAGE EHOLT, BC

OCEANFRONT RETREAT TOFINO, BC - CATHIE’S COTTAGE

INDIAN ROCK RANCH - 157 ACRES - LITTLE FORT, BC

UÊ ViÊ vÊnÊÜ>ÌiÀvÀ ÌÊ ÌÃÊ Ê ÕÀ ÃÊ > iÊ Ê > iÃÊ ÃÌÀ VÌ]Ê Ê UÊ ,> }iÊ Êà âiÃÊ vÊ£° nÊ>VÀiÃÊÌ Ê£ä°ÈÊ>VÀiÃÊÊ UÊ *À ViÃÊÀ> }iÊvÀ Êfx{] ääÊÌ ÊfÈ ]xää UÊ >ÌÊ>VViÃÃ°Ê ÊÃiÀÛ ViðÊ-ÕL ` Û Ã Ê ÃÊ V « iÌi UÊ ÀÊ v ÊEÊ« Ì ÃÊ} ÊÌ ÊÜÜÜ° > `µÕiÃÌ°V Ê

UÊ /ÕÀ iÞÊ{{ÊÕ ÌÊ Ìi Ê ÊÓ°{xÊ>VÀiðÊÓÊ L`À ]ÊvÕ ÊL>Ãi i ÌÊ > >}iÀ½ÃÊÃÕ Ìi UÊ i Ìi iÊ V °Ê Û]Ê iÃ]ÊV ÃÌÀ°ÊLÕÃÊ Ì ÕÀÃÊEÊ`À ÛiÊLÞÊÌÀ>vv V UÊ }ÊLÕÃÞÊ >Ãà >ÀÊ ÜÞÊ ÎÇ UÊ >«ÊÀ>ÌiÊ£{³Ê¯Ê V Õ` }Ê > >}iÀ½ÃÊÃ> >ÀÞ°Ê , /Ê ÛiÃÌ i ÌÊÀiÌÕÀ ÊÊÊÊ$1,450,000

UÊ -ÕL ` Û `>L iÊEÊ«À Vi`ÊLi ÜÊ>ÃÃiÃÃi`ÊÛ> Õi UÊ £ÈäÊ>VÀiÃÊ ÞÊ ÕÌiÃÊvÀ Ê iÜi Ê > iÊ UÊ Ü Êv ÀÊÌÀ « ÞÊÀ> L ÜÊÌÀ ÕÌ UÊ 1 v à i`Ê >L ÊÜÉÊ vÌÊEÊL>Ãi i Ì UÊ Ài>ÌÊÛ iÜÃÊ> `ÊÞi>À À Õ `ÊVÀii UÊ Ài>ÌÊÀiVÀi>Ì > ÊÀiÌÀi>ÌÊEÊ>ÊÜ ÃiÊ ÛiÃÌ i ÌÊÊÊÊÊ$249,000Ê

UÊ Î]ÇääÊõÊvÌ]ÊÓÊ iÛi Ê iÊ« ÕÃÊÃi«°ÊÃÕ Ìi UÊ "Vi> vÀ ÌÊÜ Ì Ê ÛiÊÃiVÕÀ ÌÞÊÛ `i ÊÃÞÃÌi UÊ *> À> VÊÛ iÜÃÊ vÊ iÃÌiÀ > Ê i>V ÊEÊ À }ÊÃÕÀv UÊ ÕÌiÃÊÌ Ê/ v Ê> `Êà «« } UÊ $2,650,000ÊÜ Ì ÊiÝVi i ÌÊÀiÛi ÕiÊÊ

UÊ £xÇÊ>VÀiÃÊÜÉÊÈäÊ VÀiÃÊ Ê >Þ UÊ 7i Ê > Ì> i`Ê«À `ÕVÌ ÛiÊv> ÞÊÀ> V UÊ ÓÊ iÛi ÊÎ]nääÊõÊvÌÊ i UÊ >À ]Ê }ÊV>L ]ÊÃÌ À>}i]Êà « UÊ i>Ìi`Ê Ê}À Õ `Ê"ÕÌ` ÀÊ* UÊ $749,000Ê

$ENIS $ORE DENIS LANDQUEST COM

$ENIS $ORE DENIS LANDQUEST COM

3AM (ODSON SAM LANDQUEST COM

#LIFFORD 3TONE CLIFFORD LANDQUEST COM

#AMERON 3TONE CAMERON LANDQUEST COM

SQUIRREL COVE TRADING CO. CORTES ISLE - DESOLATION SOUND

TURN-KEY BUSINESS PRICE SLASHED

PRIVATE RIVERFRONT HOBBY FARM - GRAND FORKS

HENDY CREEK RANCH

BEST ACREAGE DEAL IN THE COLUMBIA VALLEY

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 ÀiÊÊÊÊ$1,350,000

UÊ > Ì>ÃÌ VÊ À ÃÌ >Ê > iÊ «« ÀÌÕ ÌÞ UÊ *À v Ì>L iÊÌÕÀ iÞÊLÕà iÃÃÊÜÉÊ > >}iÀ½ÃÊÃÕ Ìi UÊ `Ûi ÌÕÀiÊÌ ÕÀ à ]ÊÀiÌ> ÊEÊÀi Ì> Êà « UÊ *À i]Ê } ÊÌÀ>vv VÊ V>Ì UÊ V Õ`iÃÊLÕ ` }]Êv ÝÌÕÀiÃÊEÊÀi Ì> Ê iµÕ « i ÌÊÊNEW PRICE $399,000 + Ûi Ì ÀÞ

UÊ £]ÈÈäÊ>VÀiÃÊÌ Ì> UÊ £ÈäÊ>VÊEÊ£]xääÊ>VÊ­7 `Ê Ì®ÊxÇÎÊ ÐÉÞi>À UÊ *À «iÀÌÞÊÜ>ÌiÀÊÀ } ÌÃÊvÀ Ê i `ÞÊ Àii Ê UÊ 1 Ì >ÌiÊL>V ÊV Õ ÌÀÞÊÀiVÀi>Ì > Ê>VÀi>}i UÊ iÌÜii Ê iÀÀ ÌÌÊ> `Ê-«i ViÃÊ À `}i UÊ ««À Ý°ÊfÓää]äääÊÀiÛi ÕiÊ UÊ Ã }Ê*À ViÊ$549,000

UÊ ,>` Õ Ê ÌÊ-«À }à UÊ *À Vi`Êf{x ]äääÊ "7Ê ÃÃiÃà i Ì UÊ Õ L >Ê, ÛiÀvÀ ÌÊÀ> V Ê > ` UÊ £äÊ ÃÊÌ Ê,>` Õ ÊÉÊÎÊ¥Ê ÀÃÊÌ Ê > }>ÀÞ UÊ £xäÊ>VÊ ÊÌÀii`ÊLi V Ê > `Ê>L ÛiÊ Õ L >Ê,° UÊ `` Ì > Ê£näÊ>VÀiÃÊ vÊ«À ÃÌ iÊ Õ L >Ê ÜiÌ > `ÃÊÊÊ$699,000Ê

*AMIE :ROBACK JAMIE LANDQUEST COM

*ASON #OLEMAN JCOLEMAN LANDQUEST COM

#LIFFORD 3TONE CLIFFORD LANDQUEST COM

-ATT #AMERON MATT LANDQUEST COM

UÊ ` À>L iÊ Ê vv À`>L iÊ Ê-ÕÃÌ> >L i UÊ ÃÌÊxÊ>VÀiÃÊ vÊÀ V Êv>À > ` UÊ {ää½Ê vÊ«À iÊÀ ÛiÀÊvÀ Ì>}i UÊ * i ÌÞÊ vÊÃÕ ]Êà ÊEÊÜ>ÌiÀ UÊ ii`ÊÞ ÕÀÊv> ÞÊEÊÌ iÊ i } L À ` UÊ ,i ½`Ê iÊÜ Ì Êà «ÊEÊL>À UÊ $389,000 No HST *ASON #OLEMAN JCOLEMAN LANDQUEST COM

B16 Recreational Real Estate HOT PROPERTIES

www.westerninvestor.com JANUARY 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

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

Commercial, Industrial & Residential Financing

Recreational Real Estate HOT PROPERTIES/Alberta B17

LAWRENCE STEINKE Specializing in Apartment Sales Since 1975

STEINKE AND COMPANY REALTY LTD. PH: (780) 447-9009 Fax # (780) 447-9008 Email: steinkeandcompany@gmail.com

IF YOU HAVE SPECIFIC REAL ESTATE NEEDS, CALL US... WE CAN FIND THE PROPERTIES YOU NEED! We have several apartment and condominium portfolios ranging in size from 38, 61, 74, 84, 207 and all the way up to 350 unit packages. Price ranges and locations vary across Edmonton.

Call or email us for further information The following are a brief selection of the properties we have available right now.

More are only a phone call away.

APARTMENTS FOR SALE IN EDMONTON

Obtaining Mortgages and Loans can be made Easy & Simple!

Contact: Frank Hickey

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

â&#x20AC;˘15 Suites, walking distance to NAIT, Strata Title not registered ............................... $1,500,000 â&#x20AC;˘33 Suites, 2 blocks to Grant MacEwan College, OFFERS ......................................... $3,500,000 â&#x20AC;˘21 Condominium Units Westend ........................................ $2,835,000 â&#x20AC;˘38 Suites, great suite mix plus additional land ...................................................... $4,600,000

COMMERCIAL / INDUSTRIAL FOR SALE

â&#x20AC;˘NEW, 10 Condo Warehouse just west of Edmonton, 2,000 sq. ft. bays and mezz. ..................................................$350,000/bay â&#x20AC;˘NEW, SPRUCE GROVE 3 remaining Condo Warehouses. 1,700 sq. ft. bays, great curb appeal ..................................................$334,900/bay â&#x20AC;˘NEW, Zoned Industrial / Business, Development Site, Westend Edmonton, 1.6 Acres .....................................................$1.3 Million â&#x20AC;˘ COLD LAKE, AB, 2 - Retail / OfďŹ ce Strip malls: One - 2 storey 10,000 sq ft @ $590,000; One - 1 storey Retail 7000 sq ft @ $725,000

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

CURRENT OFFERINGS â&#x20AC;˘ A Superb 103 Room Limited Service Hotel, featuring a number of unique features, no differed maintenance, plus excellent curb appeal and exposure, well located in a region of tremendous economic diversity that should provide a signiďŹ cant degree of operational comfort going forward.

Asking $12,950,000. â&#x20AC;˘ A Flagged 96 Room Hotel featuring an excellent room/suite mix, plus some unique outstanding features that will undoubtedly enhance its performance going forward; very good ďŹ nancing is in place, the location is great, the up-side potential is very good. Asking $14,950,000. â&#x20AC;˘ A 99 Suite Apartment Complex in superb condition, continuously operates at a very high occupancy level that yields excellent revenues, immediate possession, an excellent buy at $9,500,000. â&#x20AC;˘ A Flagged Full Service Hotel, 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 $30,000,000. â&#x20AC;˘ A Flagged Limited Service Hotel 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 $13,700,000. â&#x20AC;˘ A Flagged 102 Room Full Service Hotel, 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 $12,900,000. â&#x20AC;˘ A Flagged 92 Room Limited Service Hotel, 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 $13,500,000.

Val Toffoli

Pam Gill

Selling Edmonton since 1987

(780) 455-4088

www.apartmentsinedmonton.com

Phone: 780-707-9395

REALTY EXECUTIVES POLARIS 4107 - 99th Street, Edm, AB T6E 3N4 Email: vtoffoli@shaw.ca â&#x20AC;˘ www.valtoffoli.com MULTI-FAMILY APARTMENT BUILDINGS: â&#x20AC;˘ 7 Stes in West Central; 6% Cap Rate. Very Clean & Well Maintained with Great tenant Profile. â&#x20AC;˘ 12 ste with 80% financing available! Ctl â&#x20AC;&#x201C; Near downtown, College, Hospital, new proposed Stadium & LRT â&#x20AC;&#x201C; Good size stes. Great Curb Appeal â&#x20AC;˘ 15 Stes (12-2 bdrm stes) Newer Boiler/HW Tank; Most Stes Recently Upgraded. Queen Mary Pk. â&#x20AC;˘ 15 Condo Units â&#x20AC;&#x201C; 13-1bdrm & 12-2 bdrm units. Ctl near downtown & college. REDUCED & open to reasonable offers. â&#x20AC;˘ 18 Stes (12-2 Bdrm, 5-1 Bdrm, 1 Bach) Extensive upgrading in & out (roof/windows/landscaping/ fencing). Hi Ratio financing available. East Ctl

EDMONTON

APARTMENT PROPERTIES 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

Edmonton

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 ďŹ&#x201A;ows with existing CMHC Financing. Asking Price $1.625 million at 7.0% CAP Rate.

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 ďŹ&#x201A;ows â&#x20AC;&#x201C; cash on cash return of 16.7% with existing CMHC ďŹ nancing.

Asking Price $1.75 million at 9.0% CAP Rate.

Please call 1-780-913-0563

HOTEL OPPORTUNITIES Â&#x2026; 300.4 JO B IJHI QSPžMF MPDBUJPO JO B NBKPS DFOUSF "NFOJUJFT DPOTJTU PG B žUOFTT DFOUSF HBNFT SPPN HVFTU MBVOESZ BOE NFFUJOH SPPNT "MTP DPNQSJTFT WBSJPVT UFOBODJFT JODMVEJOH /BUJPOBMT IPVS DPOWFOJFODF TUPSF SFTUBVSBOUT BOE MPVOHFT BUUBDIFE "TLJOH Â&#x2026; - *.*5&% 4&37*$& 300.4 JO NJE TJ[FE DFOUSF UIBU JT SBNQJOH CBDL VQ "NFOJUJFT JODMVEF QPPM IPU UVC žUOFTT SPPN BOE NFFUJOH GBDJMJUJFT 5IFSF JT B DMFBS BOE QBJOMFTT QMBO BWBJMBCMF UP CSJOH WBMVF UP UIF OFXJTI BTTFU ° DBMM BOE XFÂľMM UFMM ZPV "TLJOH Â&#x2026; 300.4 XJUI WFSZ HPPE BOE QPTJUJWF USFOEJOH TBMFT /FXFS MJNJUFE TFSWJDF IPUFM XJUI QPPM XBUFS TMJEF XJUI XFMM BQQPJOUFE DPNNPO BSFBT 5IJT IPUFM JT CFTU JO DMBTT JO B WJCSBOU BOE FYQBOEJOH FDPOPNJD BSFB /PO PXOFE QPQVMBS SFTUBVSBOU PO QBE PO UIF QSPQFSUZ 5IFSF JT VQTJEF GPS BO BTUVUF JOWFTUPS "TLJOH Â&#x2026; 300.4 ÂżBHHFE MJNJUFE TFSWJDF IPUFM JO B NBKPS TFSWJDF DFOUFS UIBU XJMM TFSWJDF POF PG UIF MBSHFTU JOEVTUSJBM EFWFMPQNFOUT BOOPVODFE JO "MCFSUB 5IJT OFX QSPQFSUZ JT B QMFBTVSF UP TIPX XJUI UPQ HSBEF FOFSHZ FGžDJFOU DPOTUSVDUJPO &YDFTT MBOET GPS FYQBOTJPO PS B SFTUBVSBOU QBE 5FSSJžD žSTU ZFBS QFSGPSNBODF "TLJOH Â&#x2026; /&8 )PMJEBZ *OO TUSPOH NBSLFU WFSZ HPPE PQFOJOH OVNCFST MFBTFE GSBODIJTFE SFTUBVSBOU "TLJOH Â&#x2026; )05&- 1"$,"(& IPUFMT UPUBMJOH SPPNT JO NBKPS DJUZ "TLJOH GPS CPUI PS DBO CF QVSDIBTFE TFQBSBUFMZ Â&#x2026; 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&#x2026; 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&#x2026; '-"((&% )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

www.westerninvestor.com

B18 Alberta

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

CAPITALIZE

ON EXPERIENCE BARCLAY STREET REAL ESTATE INVESTMENT OPPORTUNITIES FROM

AIRDRIE

Township Road 264

QEII FOR SALE

FOR SALE

INDUSTRIAL BUILDING

DEVELOPMENT LAND

62,814 SQ. FT.

± 160 ACRE SITE

1411 – 33rd Street NE, Calgary, Alberta

Balzac East, Alberta

• Corner location with excellent access.

• Up to 1,200 Amp power supply.

• New asphalt, electrical and plumbing.

• Significant food, retail, entertainment close by.

• Located southeast of the intersection of Range Road 292 and Township Road 264.

14 Ave NE

33 St NE

• Township Road 264 is paved to the western boundary of the land.

• Current use - agricultural (with a homestead).

Future residential.

For more information or to view, please contact: GREG ALBRIGHT DAVID WALLACH

galbright@barclaystreet.com dwallach@barclaystreet.com

For more information or to view, please contact: DOUG GRINDE

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

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

dgrinde@barclaystreet.com

WAGON WHEEL INDUSTRIAL

McDonald Lake

QEII

C

A

FOR SALE

566

L

G

A

R

Y

DEVELOPMENT LAND

± 160 ACRE SITE High Plains Industrial, Alberta

FOR SALE

• Adjacent to Range Road 291, one half mile south of Highway 566. Located within minutes of the Cross-Iron Mills Retail and Commercial hub. RR 291 is paved and runs along the west boundary of the land.

• Located within the High Plains Industrial development area.

• Existing medium/heavy industrial uses in the immediate vicinity.

OFFICE BUILDING

ELEVEN ELEVEN BUILDING 1111 11TH Avenue SW, Calgary, Alberta

For more information or to view, please contact: RICHARD LEWIS rlewis@barclaystreet.com

COMMERCIAL REAL ESTATE

SOLUTIONS

For more information or to view, please contact:

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

DOUG GRINDE dgrinde@barclaystreet.com

Office, Retail, Industrial

Land, Investment

SALES AND LEASING

SALES

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

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 JANUARY 2011 www.westerninvestor.com

COVER $600 million in government projects - including a new hospital - helps Grande Prairie turnaround

1VCMJD TQFOEJOH UISPXT MJGFMJOF DAVE HUSDAL WESTERN INVESTOR orthwest Albertaâ&#x20AC;&#x2122;s entrepreneurial city is expected to enjoy a boost from a less traditional source in 2011: government investment.

Grande Prairie, which has thrived in the past thanks to everything from its can-do spirit to high natural gas prices and growing demand for forestry products, is poised for roughly a halfbillion dollars in health infrastructure investment in the next few years.

Thatâ&#x20AC;&#x2122;s because the province, even in these leaner budget times, has finally found money for a long-awaited new hospital in the Peace city of more than 50,000.

Ed Stelmachâ&#x20AC;&#x2122;s Tories announced in July that they would proceed with a new $520 million hospital in the northwestâ&#x20AC;&#x2122;s regional service centre. They followed up the announcement with soil testing and preparatory work on the hospital site at Grande Prairie Regional College.

The projectâ&#x20AC;&#x2122;s timing â&#x20AC;&#x201C; construction is set to start this spring â&#x20AC;&#x201C; couldnâ&#x20AC;&#x2122;t be better, according to some local businesspeople. â&#x20AC;&#x153;Itâ&#x20AC;&#x2122;s absolutely perfect timing for Grande Prairie to get a new hospital,â&#x20AC;? said Jamie Menzies, president of theGrande Prairie and Area Association of Realtors. â&#x20AC;&#x153;That will create a lot of employment in the construction industry alone,â&#x20AC;? Menzies added.

This year will also mark the grand opening of the cityâ&#x20AC;&#x2122;s new $110 million Aquatics and Wellness Multiplex. The facility will offer a full slate of recreation options in a building that connects the existing Coca-Cola Centre twin arenas and a gymnasium complex on the cityâ&#x20AC;&#x2122;s south end.

The project has been a long time in the making and will add to the cityâ&#x20AC;&#x2122;s debt load by about $61 million, but itâ&#x20AC;&#x2122;s considered an important part of what makes Grande Prairie a place to stay for more than just work.

Photo: Rob Ganzeveld/FX Photographic Inc.

/

TOP Jamie Menzies, president of the Grande Prairie and Area Association of Realtors: new multiplex, hospital will boost jobs, housing sales. LEFT Grande Prairie Community College has 2,000 students and 700 employees.

Like the hospital â&#x20AC;&#x201C; being built on the west of downtown â&#x20AC;&#x201C; the new multiplex will likely impact commercial and residential real estate markets in the city over the long term.

-PX DPTU IPNFT

In the short term, it should improve the chance of higher rents and stronger home sales in a city where a new-construction boom was building when the market crashed in 2008.

Public support to the economy â&#x20AC;&#x201C; especially the rental market â&#x20AC;&#x201C; is also seen in Grande Prairie Regional College, which has 2,000

might set you back $700,000. In Grande Prairie by contrast, the average single-family home sold for $279,000 at the end of September. The average MLS home price, including condos, was $259,000. Both figures are up about are up about 2 per cent from a year earlier.

Realtors hope the improvement in public amenities may help attract home buyers. â&#x20AC;&#x153;We have a very young community, a lot fo young families, a lot of people who are working, so these amenities are the things that, once people come here for work, keep them wanting to live in Grande Prairie,â&#x20AC;? said Menzies. â&#x20AC;&#x153;Itâ&#x20AC;&#x2122;s the quality of life, because Grande Prairieâ&#x20AC;&#x2122;s a wonderful city in which to raise a family.â&#x20AC;?

As a real estate agent, Menzies knows the value of showing off the amenities in her long time home city.

/VNCFS SBOL

While 2010 â&#x20AC;&#x201C; and likely 2011 â&#x20AC;&#x201C; may be slowe years in a region where the level of hustle and bustle rises and falls with natural gas prices, there has still been some modest growth.

Enough in fact to rank Grande Prairie Number 1 this year in the Canadian Federation of Independent Businessâ&#x20AC;&#x2122;s Communities in Boom list for 2010.

The list is intended to rate a municipality on its entrepreneurialism, and Grande Prairie is students and more than 700 employees. typically at or near the top of the list because There was a housing inventory of 20.4 of factors such as self-employment, businesses months in July, realtors say. The good news is per capita, net business startups and diversity.

Rhonda Side, a broker and property manthat fell to 17.7 months by the end of August.

The rental vacancy rate has also fallen to a still- ager for Devco Developments Corp., said high 14 per cent. It was in the 16 per cent range small startup businesses backfilled bays in a in 2009, according to Canada Mortgage and city industrial park fairly quickly when estabHousing Corp. lished businesses started moving north of the On the plus side for employers looking to city into larger-lot industrial subdivisions.

Like Menzies, Side is hopeful the slowdown attract new staff, Grande Prairieâ&#x20AC;&#x2122;s homes are remarkably affordable, especially when you in Grande Prairie will end in 2011. She points compare their prices with northern Albertaâ&#x20AC;&#x2122;s to some encouraging signs among businesses more prominent resource boom town, Fort shopping for space to lease right now.

McMurray. There, a typical detached home Please see Recovery page B20

"MCFSUB INVESTMENT PROPERTIES 15 UNIT apartment, west end, all ones, many renos- Call for proforma 23 UNIT apartment, University area, good suite mix and nice condition- Call for proforma 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 2.9 ACRES INDUSTRIAL, 2 buildings totaling 11,500 sf. Excellent compaction and gravel, premium industrial property in Nisku, just east of the Edmonton International Airport and QE II highway â&#x20AC;&#x201C; MLS $2,100,000 - PENDING 2,145 SF C STORE AND LIQUOR STORE on 5.09 acres located at Miquelon Lake near a Provincial campsite. Approval for gas pumps is pending.

Currently leased until early 2011. Great family business or passive investment income. MLS-$995,000 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 POLARIS REALTY

INNISFAIL, AB FANTASTIC EXPOSURE Serviced and ready to build 1.23 acres at overpass and junction of QEII and hiway 2A next to new hotel and BP. $275,000 GORGEOUS New acreage at Cottonwood overpass includes 38 acres of development land with 1/2 mile QEII exposure. $1.2M 2 LOT PACKAGE 0.7 acres each industrial/commercial serviced, near new bypass. Both for $197,500

780-990-6120 cell

MARGUERITE ROSS 403-227-5309 or 403-227-2211 margueri@telus.net

Commercial Realtor

REALTY EXECUTIVES INNISFAIL

Email: rdjri@telus.net

CENTRAL ALBERTA Businesses, Investments, Sales and Lease Information Visit www.advantagecommercial.ca

or call

403-346-6655

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

Bridge Financing Short Term Financing 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 â&#x20AC;˘ 403-775-4343 f lorne@beauxproperties.com

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

B20 Alberta

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

Investment Opportunity

Montgomery Place 1899 - 45th Street NW Size: 19,812 sq ft retail podium Parking: 82 underground stalls Status: 100% leased Lease Term: Five years or greater Submission Deadline: February 15, 2020 Rick C. Urbanczyk rick.urbanczyk@dtzbarnicke.com

Tyler R. Shannon

Tel: 403 508 1215

Subscribe

tyler.shannon@dtzbarnicke.com

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

COMMERCIAL (RE/MAX Excellence)

down hit in 2008.

Still, Side says that the commercial and â&#x20AC;&#x153;Not many are leaping, but theyâ&#x20AC;&#x2122;re looking,â&#x20AC;? industrial market is far better than it was two Side said. years ago. â&#x20AC;&#x153;Thereâ&#x20AC;&#x2122;s renewed interest in expansion.

Existing companies are looking for places to %PXOUPXO grow into. This is a good time to be buying Another sign of that would be a local office land or negotiating your 10-year lease term in developerâ&#x20AC;&#x2122;s success in filling new space downa bigger facility.â&#x20AC;? town.

Like Menzies, Side sees the new hospital A 40,000-square-foot addition to 214 Place project as something that will impact prop- by Grande Prairie Place Enterprises is now erty sales, particularly on the commercial land 98 per cent leased, says Shane Mudryk, the closer to the west-side general manager for the location. company whose holdâ&#x20AC;&#x153;Itâ&#x20AC;&#x2122;s going to happen, ings include 215,000 and weâ&#x20AC;&#x2122;re all pretty square feet of office excited about it,â&#x20AC;? Side space in several buildsaid, alluding to past ings in the city. promises by the provâ&#x20AC;&#x153;We feel this is ince to expand hospital a strong market, a space in the city that s t r o n g e c o n o m y, â&#x20AC;? were put on hold.

Mudryk said of the northwest service centre.

The new addition includes a large government tenant. *OEVTUSJBM While Grande Prairie is an oilpatch and Investors that are looking for serviced industrial land in Grande Prairie can expect to pay as forestry town, agriculture, retail trade and the much as $300,000 an acre for ideal locations to public sector are key players as well, and itâ&#x20AC;&#x2122;s likely to stay that way, particularly as the retail as little as $40,000 per acre, Side says.

Industrial/commercial shop space leases in a service sector grows. Grande Prairie is already wide $8-to-$15-per-square-foot range annually the service centre of choice for northeast B.C., on a triple net basis, while newer office space where sales taxes are higher.

Even with the slowdown, Grande Prairie runs in the $18-to-$22 range in the city, and building permit totals hit $113.2 million for the new retail space is higher.

Thereâ&#x20AC;&#x2122;s not a lot of spec building going on first 10 months of 2010, a drop from $144.4 right now, and there hasnâ&#x20AC;&#x2122;t been since the slow- million in 2009. Past years have seen the num-

3&$07&3: from B19

Grande Prairie was ranked No. 1 in CFIBâ&#x20AC;&#x2122;s annual â&#x20AC;&#x153;Commmunities in Boomâ&#x20AC;? competition

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 zHome/Bldg Franchise Bus - with Land and Buildings. High Revenue and Net Income. Great Investment! - $3.5M zModular Home Business - with Land and Building. High Revenue and Net Income. Excellent Opportunity! - $2.5M 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 zJoeyâ&#x20AC;&#x2122;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

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 zFully Leased Multi-Ten Prop. - Strong Tenants. - SOLD

CALL AYAZ OR SAM AT 780.641.1320

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

CALL RAJAN NULLIAH AT 780.441.5419

2VJDL GBDUT 35

Peace River GRANDE PRAIRIE 2

â&#x153;Ş

34

40

2

Valleyview 43

Grand Cache

Edmonton

(SBOEF 1SBJSJF " # Population 50,227 Average detached house price $278,757 Apartment vacancy rate 14 per cent Rent for two-bedroom apt $850 Prime industrial, per acre $300,000 New office lease, square foot $18-$22

ber in the $300 million range.

Expect to see that number spike in 2011 with the start of the new hospital. Expect to see it spike more if natural gas prices start to climb.

In the meantime, Grande Prairie residents can enjoy the present â&#x20AC;&#x201C; an affordable community with a strong employment base â&#x20AC;&#x201C; and dream of whatâ&#x20AC;&#x2122;s to come: a state-of-the-art leisure centre in which to play, better access to health services and more development to help pay for it all.â&#x2014;&#x2020;

Edmontonâ&#x20AC;&#x2122;s Business & Investment Specialists

MULTI-FAMILY z22 Units Strata Titled - Queen Mary Park - PENDING z20 Units - on 124 Street - $99,000 Per Door z24 Units - West Edmonton - $110,000 Per Door z30 Units - Near Central Edmonton - $99,000 Per Door Additional M/F Buildings For Sale - Contact Miki Today!

CALL MIKI Oâ&#x20AC;&#x2122;REE AT 780.200.6454

INDUSTRIAL z 118 Ave Redevel. Opp - 4500 SF Comm Office and Warehouse Excellent opportunity for redevelopment - $624,700 z High Prairie Commercial Bldg - 2224 SF - $349,477

CALL DEAN DRYSDALE AT 780.953.4585

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 - Retail/Professional/Medical Space. 6205 - 50th St. Units starting at 1,000 SF. Prime location with Highway Exposure!

For more information please visit www.LeducPlaza.com

CALL AYAZ OR SAM AT 780.641.1320 z 1261SF - Spruce Gr. Full Comm to Tenants Rep -$10.50/SF + OP z 2774SF - Spruce Gr. Full Comm to Tenants Rep -$12.00/SF + OP

CALL MIKI Oâ&#x20AC;&#x2122;REE AT 780.200.6454

w w w.RemaxComm.ca

Alberta B21

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

ALBERTA PROPERTIES FOR SALE

Edmonton Area - For Sale

•WEST EDMONTON - 14 SUITE APARTMENT Extensively renovated, high occupancy, good suite mix. 6.8% CAP at $1,600,000.

•SMALL COMMERCIAL BUILDING IN WEST EDMONTON 2,300 s.f. main floor with basement and rear parking stalls, fronting very busy traffic route. Corner building with excellent exposure. Asking $399,000.

•65 ROOM HOTEL In small Alberta town on highway 16, well designed, well built and very well maintained. 2011 forecast N.O.I. $720,000+/-. Asking price $6,650,000.

•62 ROOM HOTEL & RESTAURANT IN ALBERTA Small town, well maintained, excellent location, 2011 forecast N.O.I. $700,000 +/-. Asking price $6,250,000

• 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 • Regional Shopping Centre - Fully Leased - $6.55 Million - 8% Cap

For more information please contact: (BROKER) at 780-413-4800 Ext. 27 or email: interactrealty@shawbiz.ca

• West Edmonton Industrial Warehouse/Office - 14,319 sq. ft. - $1,500,000

www.scrcommercialrealty.com

SAM SIT

Office • 780.417.5540 (Sherwood Park)

INTERAC REALTY INC.

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

STETTLER, ALBERTA • ±91,400 sq. ft. shopping centre • The Brick, Peavey Mart, Dollarama, Alberta Treasury Branch • Well below replacement @$75.50 per sq. ft.

• 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

CONTACT DOUG FOGG OR DAVID COONEY

DEVELOPMENT LAND RIMBEY, ALBERTA

14,707 SQ. FT. SHOWCASE WAREHOUSE • 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

B22

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

From: Re/Max Commercial, Surrey.

Re/Max agent Dean Bauman sold the following: Deal: 8,654-square-foot commercial building on 20,922-square-foot lot, Johnston Road, White Rock. Sold to local investor for a local vendor. Price: $3 million.

Deal: 9.36 acres zoned for multi-family and single-family residential; 20,000 square feet reserved for green space, 148th Street, Surrey. Sold for Pan Canadian Mortgage in a court-ordered sale to Fairmont PaciďŹ c Developments Ltd. Price: $6.7 million.

From: Gaetz Realty Inc., Edmonton.

Owner/broker Bob Gaetz reports the following sale: Deal: 6,400-square-foot, two-storey commercial building on 107 Avenue, Edmonton. Sold for Four Star Importers Ltd. to 1005027 Alberta Ltd. Price: $930,000.

From: Colliers International, Victoria.

Colliers vice-president Michael Miller reports the following sale: Deal: Light-industrial property with mixed-use development potential, Victoria.

Includes 56,000-square-foot warehouse and ofďŹ ce on 75,577-square-foot lot in the Esquimalt community. Sold for vendor Canada Life Assurance Co. to BMW/ Mini of Victoria. Full asking price: $4.25 million.

sold the following: Deal: Portfolio of three apartment buildings in Coquitlam and Burnaby; 41 unit; 79 units; and 105 units. Total price: $32.8 million.

NAI agent Jon Medor sold the following: Deal: 20,000-square-foot commercial building, New Westminster. Price: $1.77 million.

Recently completed a major commercial real estate deal? Send details for free report here to: wieditor@biv.com

From: Syber Realty, Kelowna. Syber agent Syd Berisoff reports the following sale: Deal: 45-unit Desert Inn motel, Cache Creek. Sold for the vendor/owner to an unnamed investor. Price: $1.98 million.

Photo: Re/Max Commercial

%

From: Macdonald Commercial, Surrey.

Macdonald agent Paul Purewal sold the following: Deal: 6.5 acres with 15,000-square-foot warehouse on Fraser Highway, Langley.

Sold to an undisclosed investor. Price: $6.4 million.

8,654-square-foot-commercial building, White Rock, sold for $3 million.

Photo: Colliers International

one Deals is our monthly feature highlighting some of the major real estate transactions completed recently in Western Canadaâ&#x20AC;&#x2122;s vibrant commercial real estate market.

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

Photo: NAI Commercial

%0/& %&"-4

From: NAI Commercial, Vancouver. NAI 105-unit apartment building, Coquitlam, agents Terry Harding and Jackson Tang sold as part of portfolio for $16.1 million.

Light-industrial property on 75,577-sq.ft. lot, Victoria, sold for $4.25 million.

$"-("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

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

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VISIT OUR WEBSITE AT: www.calgaryland.net

"MCFSUB

FEBRUARY AD DEADLINE JANUARY 10TH Report: Mixed use development Parking garages Office market update Investing: takeback mortgages Franchise News Recreational Properties Regional Roundups: BC: Sooke AB: Fort McMurray/Wood Buffalo MB: Brandon Spotlight: Smithers, BC

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Alberta B23

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

"MCFSUB

Police college eyed for Fort Macleod

H

opes that Fort Macleod will become home to Albertaâ&#x20AC;&#x2122;s only dedicated police college got a boost in late November when officials in that southern Alberta community reported positive discussions with the provincial government about funding schemes for the long-awaited complex.

Itâ&#x20AC;&#x2122;s looking like the not-yet-funded college, to be known as the Alberta Police & Peace Officer Training Centre, has the best chance of success with some type of public-private partnership model.

That model could see the college built with private dollars and leased by the government or a police co-op over the long term, with no direct provincial government investment up front.

Fort Macleod officials met with Solicitor General and Minister of Public Security Frank Oberle in late November, and were widely quoted in the regional media about the positive tone of the discussions.

Fort Macleod, population 3,100, located 45 kilometres west of Lethbridge, was chosen as the provincial governmentâ&#x20AC;&#x2122;s preferred location for a police college back in summer 2006. It beat out 29 other communities at the time, but a lack of direct provincial funding for the project stalled its progress.

The announcement sparked interest in investment in the community at the time, but the town has experienced relatively little growth since then. â&#x20AC;&#x153;People are waiting for something definite,â&#x20AC;? said Martin Ebel, the townâ&#x20AC;&#x2122;s economic development officer.

Fort Macleod has plenty of city-owned and serviced commercial and industrial land available ranging from a price of $35,000 an acre for industrial land to around $60,000 for half-acre highway commercial lots. Prices are currently under review.

The number of business licences issued in Fort Macleod was also up in 2009, Ebel said, as was the value of commercial building permits.

He noted there was starting to be a cynical attitude toward the police college and whether it would ever happen, but the townâ&#x20AC;&#x2122;s pursuit of the college, with the hired help of Commonwealth Corporate Support Services Group, have ramped up optimism.

Cold Lake lands arena

T

he City of Cold Lake has broken ground on a new arena/event venue that will be part of the existing Cold Lake Energy Centre. The ground-breaking came in October, prior to the municipal election, one that saw incumbent Mayor Craig Copeland returned to office with more than 80 per cent of the vote.

But it was a million-dollar private donation that may have assured the arena would be started.

The election is seen as a vote of confidence in a mayor and city council for a municipality that endured a ministerial review in 2010.

The review, done by high-profile consultant George Cuff, found the city and its neighbours, most notably the Municipal District (MD) of Bonnyville, need to get along better.

Which brings us back to the new event centre, and its projected cost in the $20 millionplus range.

As of early November, the facility had no support from the MD, which was instead looking to trim a projected $10.5 million deficit on its proposed 2011 budget â&#x20AC;&#x201C; one that went before MD council without any proposed funding for Cold Lakeâ&#x20AC;&#x2122;s new arena.

Copeland had consistently argued Cold Lakeâ&#x20AC;&#x2122;s issues reflect a growing gap in the tax bases of urban and rural municipalities that provincial officials will have to deal with down the line for communities to remain sustainable.

One prominent MD taxpayer did step forward on its own, however, with Imperial Oil putting up $1 million in support of the building, for which it will receive naming rights on the new arena.

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T

he Alberta government has changed the regulations relating to the granting of development permits by municipalities â&#x20AC;&#x201C; a change that should make permits easier to come by.

The amendment, passed by an order-in-council November 25, nixes the power of municCanmore: â&#x20AC;&#x153;sustainableâ&#x20AC;? screening triggered provinceipalities to order the submiswide change. sion of reports to a council prior to an actual development permit application.

The governmentâ&#x20AC;&#x2122;s action was a fairly direct response to the Town of Canmoreâ&#x20AC;&#x2122;s practice of requiring what are known as sustainability screening reports for developments of significant size prior to the regular development permit screening process.

The town wanted reports to detail how a project would add to the long-term sustainability of Canmore and address items such as environmental concerns and affordable housing â&#x20AC;&#x201C; a longtime issue in the Rocky Mountain community.

The change in the regulations was hailed by Canmore development industry officials but predictably werenâ&#x20AC;&#x2122;t embraced by Canmore Mayor Ron Casey. â&#x20AC;&#x153;The side that bothers me the most is the provincial government changing regulations for the entire province to deal with something that is a local issue,â&#x20AC;? Casey told the Rocky Mountain Outlook.

Municipalities will continue to be able to use screening reports to deal with items such as proposed changes in land-use bylaws, subdivisions and municipal development plans, but wonâ&#x20AC;&#x2122;t be able to provide the extra level of non-appeal scrutiny to development permit applications.

Photo: City of Canmore

8 ) "5 ¤ 4 ) " 1 1 & / * / ( * /

Urban housing prices stagnate

B

ig-city housing prices continue to stagnate in Alberta.

The Realtors Association of Edmonton reported in early December that the average selling price of a single-family home in that city was down 0.5 per cent in November from a month earlier and 2.5 per cent from 12 months earlier. It sat at $362,657 for November.

In Calgary, the average single-family home price was up 2 per cent from the previous month, to $455,466. Thatâ&#x20AC;&#x2122;s an $11,000 price hike, but the average price was still 2.5 per

cent below November 2009.

Calgary Real Estate Board chair Diane Scott acknowledges the late 2010 numbers were a surprise. â&#x20AC;&#x153;Indeed, the second half of 2010 has proven to be weaker than expected, and Calgaryâ&#x20AC;&#x2122;s housing market is taking some time to regain traction,â&#x20AC;? said Scott. â&#x20AC;&#x153;Subdued sales have meant buyers have an abundance of products to choose from, and they can be selective in their buying criteria.â&#x20AC;?

For 2011, forecasts are for a slow but steady recovery of the housing market in both cities, according to Canada Mortgage and Housing Corp., but an increase in the price of oil could put both Calgary and Edmonton housing markets back on track.â&#x2014;&#x2020; â&#x20AC;&#x201C; Compiled by David Husdal

Leaders in Real Estate Lending

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

¡ 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 â&#x20AC;&#x201C; Calgary - $279,000.00 ¡ Middle-Eastern restaurant & grocery â&#x20AC;&#x201C; land & building, Calgary - $499,000.00 ¡ Beltline character ofďŹ ce & retail space for lease, Bus: (403) 240-4000 Calgary â&#x20AC;&#x201C; 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 â&#x20AC;&#x201C; Langdon, AB - $1,500,000

ALBERTA IS AGAIN MOVING! MOTELS & HOTELS â&#x20AC;&#x153;Development Financing Specialistsâ&#x20AC;?

Calgary 403.509.0115

Mississauga 905.848.7700

Victoria 250.383.6761

Vancouver 604.632.9919

www.carevest.com

â&#x2030;Ľ WAINWRIGHT Like New 60 unit motel - excellent clientele and good occupancy, Asking $5.5M. â&#x2030;Ľ PROVOST Brand new 44 unit motel. Asking $4.5M. (These motels can be bought as a unit or â&#x2030;Ľ â&#x2030;Ľ â&#x2030;Ľ â&#x2030;Ľ

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

â&#x2030;Ľ CAMROSE ALBERTA 68 room, full services Hotel.

REDUCED - NOW $5M. â&#x2030;Ľ FULL SERVICES 63 Unit Motel with Restaurant,

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

OTHER INVESTMENTS

â&#x2030;Ľ DAYSLAND Convenience store and Gas Bar., â&#x2030;Ľ

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.

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

B24 Alberta

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

ALBERTA HAPPENINGS!

1-800-661-6988

MUFFLER, BRAKE & LUBE Shop Located in Wetaskiwin. 4 bays in a 4,000 sq ft building. Building, land, equipment and stock included in the price.

Asking $595,000. For more info and photos go to ICX.CA. MLS #E1010426 IDEAL FAMILY BUSINESS General Store located 45 minutes from Edmonton.

5 businesses in one location. They are a Gas Bar, Coin laundromat, Liquor store, Grocery store, Restaurant and weather permitting a Ice Cream wagon. 2 story building with 1,650 sq ft 3 bedroom living quarters on the upper ďŹ&#x201A;oor. Gross sales are over 2.0 mill. Asking $990,000. For more details and photos go to ICX.CA MLS #E1012682

Brian Fedorick Licensed Realtor in the Province of

Direct: 780-446-3125

Alberta A.L.L. Stars Realty Ltd

www.westerninvestor.com

OfďŹ ce: 780-434-4700 bfedorick@shaw.ca

Each office is independently owned and operated.

T

his is a developer's

D

INVEST IN SYLVAN LAKE ream!

3.56 acres of partially developed waterfront land located on the Shuswap channel in beautiful Sicamous, British Columbia. This parcel of land is zoned R1 - R2 and C4 with Marina approval 118 boat slips. The property has Phase II Environmental Report as well as Fisheries& Highway approval.

The site has foreshore right of way, water, sewage and power. There are a number of buildings including two rental residences and private houseboat storage. Several extensive development concepts are already in place. This incredible opportunity awaits your development!

$4,900,000

RE/MAX REALTY PROFESSIONAL

STACEY JAMIESON 403-993-6595 www.stacey-j.com staceyj@remax.net

Lots of great Opportunities Sylvan Lake â&#x20AC;&#x201C; the shortest distance between paradise and the place you call home

UĂ&#x160;Ă&#x160;32 acresĂ&#x160;Ă&#x153;Â&#x2C6;Ă&#x152;Â&#x2026;Ă&#x160;>Ă&#x20AC;i>Ă&#x160;Ă&#x192;Ă&#x152;Ă&#x20AC;Ă&#x2022;VĂ&#x152;Ă&#x2022;Ă&#x20AC;iĂ&#x160;ÂŤÂ?>Â&#x2DC;Ă&#x160;vÂ&#x153;Ă&#x20AC;Ă&#x160;ÂŁĂ&#x201C;äĂ&#x160;Ă&#x20AC;iĂ&#x192;Â&#x2C6;`iÂ&#x2DC;Ă&#x152;Â&#x2C6;>Â?Ă&#x160;Â?Â&#x153;Ă&#x152;Ă&#x192;Ă&#x160;Â&#x2C6;Â&#x2DC;Ă&#x160;>Ă&#x160;Ă&#x192;Ă&#x2022;ÂŤiĂ&#x20AC;Ă&#x160;Â?Â&#x153;V>Ă&#x152;Â&#x2C6;Â&#x153;Â&#x2DC;Ă&#x160;Â&#x2C6;Â&#x2DC;Ă&#x160;-Ă&#x17E;Â?Ă&#x203A;>Â&#x2DC;Ă&#x160; >Â&#x17D;iĂ&#x160;$1,800,000 UĂ&#x160;Ă&#x160;152 acresĂ&#x160;Â&#x153;vĂ&#x160;Â?>Â&#x2DC;`Ă&#x160;vÂ&#x153;Ă&#x20AC;Ă&#x160;>Ă&#x160;}Ă&#x20AC;i>Ă&#x152;Ă&#x160;Ă&#x20AC;Ă&#x2022;Ă&#x20AC;>Â?Ă&#x160;Ă&#x20AC;iĂ&#x192;Â&#x2C6;`iÂ&#x2DC;Ă&#x152;Â&#x2C6;>Â?Ă&#x160;`iĂ&#x203A;iÂ?Â&#x153;ÂŤÂ&#x201C;iÂ&#x2DC;Ă&#x152;Ă&#x160;Ă&#x153;Â&#x2C6;Ă&#x152;Â&#x2026;Ă&#x160;Ă&#x203A;Â&#x2C6;iĂ&#x153;Ă&#x160;Ă&#x152;Â&#x153;Ă&#x160;Â&#x201C;Â&#x153;Ă&#x2022;Â&#x2DC;Ă&#x152;>Â&#x2C6;Â&#x2DC;Ă&#x192;Ă&#x160;>Â&#x2DC;`Ă&#x160; Ă&#x152;Â&#x2026;iĂ&#x160;Â?>Â&#x17D;iĂ&#x160;$2,999,000 UĂ&#x160;Ă&#x160;Garage Storage BaysĂ&#x160;Â&#x2C6;Â&#x2DC;Ă&#x160;-Ă&#x17E;Â?Ă&#x203A;>Â&#x2DC;Ă&#x160; >Â&#x17D;iqĂ&#x160;>Ă&#x160;}Ă&#x20AC;i>Ă&#x152;Ă&#x160;ÂŤÂ?>ViĂ&#x160;vÂ&#x153;Ă&#x20AC;Ă&#x160;>Â?Â?Ă&#x160;Ă&#x17E;Â&#x153;Ă&#x2022;Ă&#x20AC;Ă&#x160;iĂ?Ă&#x152;Ă&#x20AC;>Ă&#x192;Ă&#x160;>Ă&#x152;Ă&#x160;>Ă&#x160;}Ă&#x20AC;i>Ă&#x152;Ă&#x160; ÂŤĂ&#x20AC;Â&#x2C6;ViĂ&#x160;Ă&#x192;Ă&#x152;>Ă&#x20AC;Ă&#x152;Â&#x2C6;Â&#x2DC;}Ă&#x160;>Ă&#x152;Ă&#x160;$115,000°Ă&#x160; Â&#x153;Ă&#x160;Ă&#x152;Â&#x153;Ă&#x160;www.myspacegarage.caĂ&#x160;>Â&#x2DC;`Ă&#x160;VÂ&#x2026;iVÂ&#x17D;Ă&#x160;Â&#x2C6;Ă&#x152;Ă&#x160;Â&#x153;Ă&#x2022;Ă&#x152; UĂ&#x160;Ă&#x160;Now's the time to buy lakefront @ Sylvan Lake, Ă&#x2022;Â&#x2DC;Li>Ă&#x152;>LÂ?iĂ&#x160;ÂŤĂ&#x20AC;Â&#x2C6;ViĂ&#x192;]Ă&#x160;Â?Â&#x2C6;viĂ&#x152;Â&#x2C6;Â&#x201C;iĂ&#x160;Â&#x153;vĂ&#x160; iÂ&#x2DC;Â?Â&#x153;Ă&#x17E;Â&#x201C;iÂ&#x2DC;Ă&#x152;

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

RE/MAX real estate central alberta

Lakefront Property at Unbeatable Prices

EDMONTON AL BE RTA

PAGE REGAN

2 COMMERCIAL CONDO COMPLEXES â&#x20AC;&#x201C; FOR SALE

LAND DEVELOPMENT BRIAN PAGE

RE/MAX

ROB REGAN

780-233-8438 bkpage@telus.net

Real Estate 780-488-4000

780-490-9324 ar_ar@shaw.ca

FOR SALE

FOR SALE

NEEDS

s HOLE GOLF COURSE ON THE .ORTH 3ASKATCHEWAN 2IVER

s ACRE MULTI FAMILY SITE ALL PERMITTED READY TO BUILD

s 7E HAVE QUALIFIED BUYERS

s ACRE MOBILE MODULAR HOME PARK READY 3TONY 0LAIN

s ,AND

s LOT MOBILE HOME SUB DIVISION s 26 RECREATIONAL ,AKE 2ESORT s #OURT /RDERED &ORECLOSURE LOT COUNTRY RESIDENTIAL SUB DIVISION s APARTMENT CONDOS

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s (IGH CASH m OW CAR WASH 3HERWOOD 0ARK s ACRES #.# ZONED 3T !LBERT 4RAIL RIGHT NEXT TO (OME $EPOT s .EWER SUITER MOSTLY BDRMS 2ED $EER

s #ONCRETE HIGHRISE AND WALK UPS s 6ENDORS THAT WILL JOINT VENTURE s 'RAVEL YARD

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 14â&#x20AC;&#x2122; x 16â&#x20AC;&#x2122; doors. Paved front and back with heavy truck access. Metal clad building. Pre engineered building. Provision for mezzanine. $8,400,000 FULLY LEASED WAREHOUSE COMPLEX â&#x20AC;&#x201C; FOR SALE

1101-16 Avenue, Nisku New industrial warehouse complex on 4.37 acres in Nisku. Two buildings comprising 50854 sq.ft. of warehouse bays with ofďŹ ce. Just leased to national tenant for ďŹ ve years, net operating income of $546,680.52. Provides Cap rate of 7.5. $7,300,000 WAREHOUSE CONDOS â&#x20AC;&#x201C; FOR SALE

14641-119 Avenue, Edmonton New condo warehouse â&#x20AC;&#x201C; 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

Wayne Moen at RE/MAX River City (780) 439-7000 waynemoen@remax.net â&#x20AC;˘ www.waynemoen.com

Each office is independently owned and operated.

Alberta B25

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

Each office is independently owned and operated.

REVENUE OPPORTUNITIES LAND & BUILDING ONLY

4-PLEX

IN COLD LAKE PRICE $525,000 FULLY OCCUPIED

GREAT

LOCATION/REVENUE 1.1 ACRE PAVED LOT. 16,800 SQ.FT. INCLUDING 2,000 SQ.FT. MEZ/OFFICE. $1,175,000

DEVELOPMENT OPPORTUNITIES QUARTER SECTION OVERLOOKING COLD LAKE, APPROVED AND REZONED BY M.D. OF BONNYVILLE FOR:

$3,750,000

CR3 COUNTRY

THE VIEW FROM 150 ACRE SITE!!

RESIDENTIAL 160: 1/2 ACRE LOTS WITH

WATER AND SEWER SERVICES WITH LOW PRESSURE WATER AND COLLECTOR FOR "GREY WATER." DEVELOPMENT OPPORTUNITY AWAITS TO PROCEED WITH THIS ESTATE LOT SUBDIVISION, WITH PLANNING IN PLACE. PROFIT RETURN TIME ON YOUR INVESTMENT IS REDUCED. RESIDENTS CAN ENJOY THE BENEFITS OF COUNTRY AND LAKE ENVIRONMENT WITH SERVICED LOTS AND AT THE CITY BOUNDARY.

MULTI FAMILY DEVELOPMENT PROPERTY Ă&#x17D;°xĂ&#x160; , -Ă&#x160;UĂ&#x160;<" Ă&#x160;,Â&#x2021;Ă&#x17D;Ă&#x160;Ă&#x2030;Ă&#x160;,Â&#x2021;{Ă&#x160;UĂ&#x160;,Â&#x2021;{Ă&#x160;- / Ă&#x160;

" " / -Ă&#x160;ÂŁĂ&#x2C6;Ă&#x160;/"Ă&#x160;Ă&#x201C;{Ă&#x160;1 /$315,000 $695,000

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.

INVESTMENTS CALGARY AREA UĂ&#x160; AIRDRIE qĂ&#x160;xäääĂ&#x160;Ă&#x192;¾°vĂ&#x152;°Ă&#x160;Â&#x2C6;Â&#x2DC;`Ă&#x2022;Ă&#x192;Ă&#x152;Ă&#x20AC;Â&#x2C6;>Â?Ă&#x160;L>Ă&#x17E;Ă&#x160; vÂ&#x153;Ă&#x20AC;Ă&#x160;Ă&#x192;>Â?iĂ&#x160;Ă&#x153;Â&#x2C6;Ă&#x152;Â&#x2026;Ă&#x160;Â&#x201C;>Â&#x17D;iĂ&#x2022;ÂŤĂ&#x160;>Â&#x2C6;Ă&#x20AC;Ă&#x160;Ă&#x2022;Â&#x2DC;Â&#x2C6;Ă&#x152;Ă&#x160;EĂ&#x160;Â&#x2C6;Â&#x2DC;viĂ&#x20AC;Ă&#x20AC;i`Ă&#x160; Â&#x2026;i>Ă&#x152;iĂ&#x20AC;Ă&#x192; UĂ&#x160; CROSSFIELD qĂ&#x160;Ă&#x201C;Ă&#x201C;Ă&#x160;Ă&#x20AC;Â&#x153;Â&#x153;Â&#x201C;Ă&#x160;Â&#x201C;Â&#x153;Ă&#x152;iÂ?]Ă&#x160;}Ă&#x20AC;i>Ă&#x152;Ă&#x160; Â?Â&#x153;V>Ă&#x152;Â&#x2C6;Â&#x153;Â&#x2DC;]Ă&#x160;iĂ?ViÂ?Â?iÂ&#x2DC;Ă&#x152;Ă&#x160;VÂ&#x153;Â&#x2DC;`Â&#x2C6;Ă&#x152;Â&#x2C6;Â&#x153;Â&#x2DC;Ă&#x160; Ă&#x2030;UĂ&#x160; 5000 sq. ft.Ă&#x160;Ă&#x160;Â&#x2C6;Â&#x2DC;`Ă&#x2022;Ă&#x192;Ă&#x152;Ă&#x20AC;Â&#x2C6;>Â?Ă&#x160;L>Ă&#x17E;Ă&#x160;vÂ&#x153;Ă&#x20AC;Ă&#x160;Â?i>Ă&#x192;i UĂ&#x160; 137 acresĂ&#x160;Â&#x2C6;Â&#x2DC;`Ă&#x2022;Ă&#x192;Ă&#x152;Ă&#x20AC;Â&#x2C6;>Â?Ă&#x160;Â?>Â&#x2DC;`Ă&#x160;>Â&#x2DC;Â&#x2DC;iĂ?i`Ă&#x160;Â&#x2C6;Â&#x2DC;Ă&#x152;Â&#x153;Ă&#x160;

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call

DON SACKETT RE/MAX ACA REALTY

(403) 946-5657 ACA Realty

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

HINTON, ALBERTA MOTEL FOR SALE D

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s 20 minutes East of Jasper Park Gates s UNIT MOTEL ALONG MAJOR HIGHWAY s ,OCATED ON COMMERCIAL LOTS s 2ENOVATE OR REBUILD WITH TOWN APPROVAL

$950,000 #ALL Colleen Bowes 780.865.1200 or

780.865.0768

2% -!8 REALTY (INTON

cwbowes@shaw.ca

12,500 SQ.FT. INDUSTRIAL BUILDING Plus 4 vacant lots very proďŹ table business Package deal or buildingâ&#x20AC;&#x2122;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 Land, building and house with Licensed Restaurant and mini Golf Course 6400 sq ft

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 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

Each office is independently owned and operated.

Investing? advertise@westerninvestor.com

604-669-8500 1-800-661-6988

Join thousands of real estate investors and professionals who read the Western Investorâ&#x20AC;&#x2122;s market overviews, news, and features to help them guide their investment dollars into profitable properties and businesses. Plus, youâ&#x20AC;&#x2122;ll find all kinds of opportunities for sale â&#x20AC;&#x201C; all in one place â&#x20AC;&#x201C; from across Western Canada.

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Advertising deadlines are mid-month for the next monthâ&#x20AC;&#x2122;s issue.

B26 Saskatchewan

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

/*()5 $-6# SASKATOON 4"4,"500/ 4, APARTMENTS

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Tim Hammond, BSA, P. Ag. Owner - Broker www.TimHammond.ca

306.948.5052 OfďŹ ce 306.948.9168 Cellular Tim.Hammond@Sasktel.net

This 11 person full service care home presents a tremendous business opportunity in Biggar, SK. It features a total of 9 bedrooms (6 on the main & 3 on the lower level). The main ďŹ&#x201A;oor level measures 1,805 SqFt with a partial 1,388 SqFt basement. It is located across from a beautiful park and only a half block from the skating & curling rinks. Optional residence next door is also available. $230,000 MLS 384977

Location! Location! Location!

307 Main Street, Rosetown, SK (Nickells & Diamonds) Incredible commercial property featuring 3,400 SqFt building with 2,420 SqFt of elegant, open retail space.

Updated and renovated.

Shows very well. $185,000 MLS 384857.

Optional jewellery / gift ware business available. Call Tim Hammond Realty in Biggar 306-948-5052.

601 Saskatchewan Ave. E, Outlook, SK Former Farm Service Centre with an ideal location. Building #1 (ofďŹ ce/warehouse building) 7,320 sq ft, heated front ofďŹ ce and front workshop, 8,160 sq ft cold warehouse storage area. Building #2 (Bulk Fertilizer Storage) 3,528 sq ft with 2 overhead doors. Offers unlimited potential for a variety of uses. $427,500 MLS 385529

Demaine Hotel, Demaine, SK Incredible Business Opportunity located in one of the best hunting, ďŹ shing & recreation areas in South Central Sask., close to Lake Diefenbaker.

Business revenue lines include: 7 hotel rooms, full service restaurant (seats 36), takeout pizza, beverage room licensed for 96, steak pit & VLTs. Loyal cliental & seasonal trafďŹ c generate excellent returns. $399,900 Excl. Call for details

SASKATOON

Accelerating success.

FOR SALE

FOR SALE

FOR SALE

INDUSTRIAL FOR SALE

7.82 AC, WARMAN, SK

80,360 SF building 4.5-acre site â&#x20AC;˘ List Price: $5,950,000 Excl.

â&#x20AC;˘

â&#x20AC;˘ â&#x20AC;˘

1402 QUEBEC AVENUE

240-103RD STREET EAST

302 MELVILLE STREET

99,913 SF industrial building â&#x20AC;˘ 11,628 SF two-storey office â&#x20AC;˘ 14.5-23.5â&#x20AC;&#x2122; warehouse ceilings â&#x20AC;˘ List Price: $5,750,000 Excl.

â&#x20AC;˘

36,353 SF industrial mfg. bldg. â&#x20AC;˘ 4.66-acre site with 6,600 SF office and 11,440 SF Cover-All â&#x20AC;˘ List Price: $5,360,000 incl equip or $4,300,000 excl equip MLSÂŽ

â&#x20AC;˘

â&#x20AC;˘

Ken Suchan* Kevin Johnson 306 221 1825 306 281 9929 ken.suchan@colliers.com kevin.johnson@colliers.com

363,520 SF floorplate on 13.774 acres by logistical infrastructure â&#x20AC;˘ Ideal for distribution, warehousing and/or manufacturing with high ceilings, freezer, cooler and warehouse â&#x20AC;˘ List Price: $18,870,000 Excl.

Gary Compton Jason Wionzek 306 260 6975 306 227 2408 gary.compton@colliers.com jason.wionzek@colliers.com

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

RURAL LAND FOR SALE

1415 ONTARIO AVENUE

HIGH-RISE COMPLEX FOR SALE

CRESCENT TOWERS â&#x20AC;˘ â&#x20AC;˘

69 suites List Price: $8,595,000 Excl.

List Price: $3,310,000 MLSÂŽ

72.0 AC, CORMAN PARK â&#x20AC;˘

List Price: $900,000 MLSÂŽ

78.4 AC, CORMAN PARK â&#x20AC;˘

List Price: $990,000 MLSÂŽ

93.04 AC, CORMAN PARK â&#x20AC;˘

List Price: $1,200,000 MLSÂŽ

Glen Paziuk Brian Peberdy 306 241 8884 306 221 6090 glen.paziuk@colliers.com brian.peberdy@colliers.com

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

PRAIRIE DEALS COMING SOON! â&#x20AC;˘34 UNIT MOTEL - SK â&#x20AC;˘NEAR NATIONAL PARK - HOTEL, OFFSALE, RESTAURANT, POOL, - OWNERS RETIRING! 80 + APARTMENT COMPLEX CALL FOR DETAILS! 2 BUILDINGS SIDE BY SIDE - Regina, SK (1) 1757 Halifax - $225,000 (2) 1759 Halifax - 5550 sq ft - $439,000 GREAT STORAGE BUSINESS!! - Approx. 100 storage bays plus RV storage. 5 years old.

Have banker to ďŹ nance. Asking $3.4 million 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!

50 UNITS - in Regina. Apartments.

Conditional Sale!

24 UNIT APARTMENT BLOCK

VOJRVF QSPQFSUZ

Do you have a

Advertise your listings in our special

)05 1301&35*&4 feature.

Reach potential buyers with money to spend. Western Investor readers have higher than average household income and a real interest in real estate.

1800 McDonald street - Light Industrial, 50'x125'. Asking $89,900 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 4 HOTELS - Franchised Alberta - Great Locations! Total 374 rooms, conďŹ dentiality agreement and proof of buyers ďŹ nancial capabilities

Recreational Real Estate ADVERTISING FEATURE: s ,IMITED SPACES s COLOUR ADS s 3PECIAL RATES

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

Ajit Matharu â&#x20AC;˘ 306-581-3130 Email: ajitregina@gmail.com

Charmaine Luscombe â&#x20AC;˘ 306-535-3948 Email: charmaine.luscombe@gmail.com

HOMELIFE CRAWFORD REALTY Serving Regina for Over 20 Years!

604-669-8500 1-800-661-6988 advertise@westerninvestor.com

Saskatchewan B27

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

Wood plant opens 4BTLBUDIFXBO IPSJ[PO 4BTLBUDIFXBO after two years MPPLT CSJHIUFS JO Province is back W S in the black 8 ) "5 ¤ 4 ) " 1 1 & / * / ( * /

he Saskatchewan government is no longer spending more money than it takes into provincial coffers.

Finance Minister Ken Krawetz said stronger than anticipated revenue from corporate income tax is one of the factors that will help the province finish the 2010-11 year with a $137 million surplus in the general revenue fund.

Half of that, or $68.5 million, will automatically go into the province’s Growth and Financial Security Fund – which is commonly referred to as a rainy day fund – leaving it with a projected year-end balance of about $1 billion.

The Saskatchewan government had previously anticipated that it would need to dip into its rainy day fund in order to balance spending.

Krawetz called the provincial economy strong, with forecast GDP growth of 1 per cent this year and 4.2 per cent in 2011, while also sounding a message of fiscal caution.

Government public debt is forecast to stay unchanged at $4.1 billion, while Crown corporation debt is projected to increase by about half a billion dollars from March 31, 2010, to $4.4 billion.

Krawetz said the borrowing done by the Crown corporations is “planned debt” that’s necessary as businesses such as SaskTel aim to keep up with infrastructure needs in a growing province.

The general revenue fund is forecast to receive $10.68 billion this year, up $726.2 million from the March budget – an improvement due in part to stronger than expected Crown land lease sales, higher oil revenue and a special dividend from the Crown sector to cover the government’s children’s hospital commitment.

Expenses are expected to increase $415 million to $10.54 billion.

China inks uranium deal

C

ameco, the Saskatoon-based uranium producer, has signed a second deal within a year to supply millions of pounds of uranium concentrate to China.

A few weeks ago, Cameco announced a deal to supply China Guangdong Nuclear Power Holding (CGNPC) with 29 million pounds of uranium concentrate through 2025. That was preceded in June by Cameco announcing a deal to supply the China Nuclear Energy Industry Corp. (CNEIC) with 23 million pounds of uranium concentrate through 2020.

Cameco CEO Jerry Grandey said there are still opportunities for the company in China.

“There are two major nuclear utilities [in China] and [CGNPC] would be the second one, so it really positions Cameco well in a growing market and hopefully obtain more business as time goes on,” Grandey told a local newspaper.

The CEO estimated between 10 and 15 per cent of Cameco’s uranium will be sent to China during the next decade. The United States remains the company’s largest export destination, receiving around 50 per cent of Cameco’s product.

With both CGNPC and CNEIC expanding their nuclear power capacity, and the country

a s k a tc hewa n w i l l le ad a l l Canadian provinces in economic expansion this year, posting an enviable 3.3 per cent growth, according to Scotiabank. The Conference Board of Canada and Royal Bank also pick the province for nation-leading economic expansion – and commercial real estate Saskatoon has the lowest industrial vacancy sales – this year. rate in Canada’s fastest-growing economy.

The West will lead Canada in 2011 and for years to come as the country’s economic strength continues to shift toward resources and away from manufacturing, says the author of Scotiabank’s Provincial Trends report.

“With Central Canada being much more tied to the U.S. economy, we see the western provinces outperforming mainly on the fact that the one thing that’s going to keep going in spite of decreased activity in the U.S. is our commodity exports,” said economist Alex Koustas.

The power can be seen in the industrial real estate market, with Saskatoon and Regina leading all of Canada in low vacancy rates, at 2.5 per cent and 2 per cent, according to a study by Colliers McClocklin Real Estate Corp., Saskatoon. Saskatchewan’s growth is led by a resurgent potash industry, investment in the resource sector and continued expansion of the service sector, aided by strong in-migration, Scotiabank said. The strong economy has supported an increase in both international and interprovincial arrivals, supporting above-average population growth and retail sales in 2011.

Labour demand is expected to remain reasonably firm through this year, resulting in an average annual employment gain of 1.3 per cent into 2011.

Crude oil production in 2010 is expected to remain steady for the next few years, as improved drilling technology has helped offset natural depletion by increasing recovery rates from existing wells. The Bakken light oil play in southeastern Saskatchewan continues to attract industry interest.

Potash production will pick up in 2011, as farmers are forced to replenish stocks after forgoing purchases last year, demand ramps up in China and relatively high crop prices encourage further planting. Long-term plans still have the industry nearly doubling capacity by 2015, Scotiabank suggests.

Photo: Michalkun

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eyerhaeuser Co. Ltd. has reopened its oriented strand board plant in Hudson Bay, Saskatchewan, that it had closed in July of 2008, leaving 140 people without jobs.

Dave Ferguson, the town’s economic development officer, said two of the four shifts are back to work at Weyerhaeuser.

He also said it will take time, but the majority of the plant’s workforce is expected to be recalled.

Ferguson says production volume will be limited this year and will be based on demand and other economic factors.

as a whole increasing its nuclear energy generation base, Cameco hopes to capitalize on the nuclear program.

China is expected to increase its nuclear capacity from 11 gigawatts (GW) today to at least 80 GW by 2020 and between 120 and 160 GW by 2030.

“Over time, as their program succeeds and as other utilities in China – many of whom are bigger than the two utilities that we’ve got contracts with, but they’re not nuclear utilities so far – they all want to get into the

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nuclear construction business, so as they do we see plenty of other opportunity in China,” Grandey said.

Cameco, which is working toward a goal of producing 40 million pounds of uranium by 2018, will be “absolutely” able to meet its current commitment to send 52 million pounds of uranium concentrate to its Chinese customers through 2025.

The company now produces about 22 million pounds of uranium annually.◆ – Compiled by Joe Ralko

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COMMERCIAL PROPERTIES MOOSE JAW, SK & DISTRICT

Excellent commercial property in Moose Jaw. Large buildings with lots of property. Owner will sell in 2 separate units. Plenty of office and warehouse space and large yards.

Prime commercial property in Moose Jaw. Beautiful big store front windows.

Excellent location. This is an excellent facility with endless possibilities. Call for details.

Excellent commercial property suitable for many types of businesses. Located on the North Service Rd. in Moose Jaw. 16 acres. Multi-purpose buildings.

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FOR LEASE Matrix Business Park Phase II 3703 Millar Avenue, Saskatoon, SK Land Size: 4.64 acres Available for lease: 5,250 sq. ft. - 75,500 sq. ft.

Contact: Jayson Elenko

FOR SALE 115 Corman Street, Warman, SK Land Size: 1.13 acres Building Size: 2,500 sq. ft. warehouse, plus 720 sq. ft. detached office Sale Price: $425,000.00 Contact: John Kachur

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B28 Saskatchewan

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

Congratulationsâ&#x20AC;Ś to the MOOSE JAW-REGINA INDUSTRIAL CORRIDOR Committee on their agreement, representing eight municipalities including the cities of Moose Jaw and Regina, to work cooperatively to create mutually beneďŹ cial economic development in the region along the Trans-Canada Highway between the two cities.

This agreement builds on a cluster of industries featuring companies which process and manufacture products such as fertilizers, salt and ethanol and provide storage and handling of crop protection products and logistics and transportation services.

Tuxford Buffalo Pound Provincial Park

Regina Mt. Pleasant

Stony Beach

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Moose Jaw 1

301

1

1

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Madrid Belle Plaine M O O S E J AW - R E G I N A C O R R I D O R

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For business and investment opportunities in the Industrial Corridor contact the South Central Enterprise Region: The South Central Enterprise Region is committed to ensuring business and industry have access to shovel-ready land and services.

Located in the Heartland of the Prairies it is a place to do business, where companies can capitalize on existing resources and utilities.

info@southcentralenterprise.ca | www.southcentralenterprise.ca Phone (306) 693-7335 88 Saskatchewan Street East | Moose Jaw, Saskatchewan | Canada | S6H 0V4

B29

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

SPOTLIGHT Tiny village proves pivot for giant manufacturing plants, new Saskatchewan trade corridor

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WESTERN INVESTOR elle Plaine in southern Saskatchewn has just 64 full-time residents, but the tiny village is the industrial nucleus for hundreds of employees. And Belle Plaine is also on the radar under a new â&#x20AC;&#x153;industrial corridorâ&#x20AC;? concept.

Eight local governments have raised $100,000 â&#x20AC;&#x201C; funds matched by the province â&#x20AC;&#x201C; to help the newly-established Moose Jaw-Regina Industrial Corridor Stakeholders Committee further develop the region along the TransCanada Highway between the two cities.

There now are more than 1,000 people who work at a potash mine, nitrogen fertilizer complex, ethanol plant and a company that manufactuers table salt in the cluster near the village of Belle Plaine, about a half-hourâ&#x20AC;&#x2122;s drive from both Regina and Moose Jaw. â&#x20AC;&#x153;We, as well as the other rural municipalities in the industrial corridor, are dealing with several potential developments at any one time and offering a one-stop shop will enable corporations, small and medium-sized businesses and individuals to have access to shovel-ready land

Photo: Nachurs

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Nachurs fertilizer plant among giant employers surrounding tiny Belle Plaine.

and services,â&#x20AC;? explained Tom Lemon, reeve of the RM of Pense (which includes Belle Plaine) and chair of the stakeholdersâ&#x20AC;&#x2122; committee. â&#x20AC;&#x153;This agreement takes a great idea and begins to make it a reality,â&#x20AC;? he said. â&#x20AC;&#x153;We are formalizing our committee into a regional body. We have a long-term view and agreement to work together to make it happen. We have experts in place to create a plan for the region that benefits all of our communities.â&#x20AC;?

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The area appears to be an ideal location for green-field projects. The flat land is easy to build upon and proximity to the major cities provides large labour pools, initially for con-

Population 64 Average house price $200,000 Potential Manufacturing and transport expansion

struction and then homes for employees after completion. â&#x20AC;&#x153;This area is ideal due to a number of factors but especially our infrastructure,â&#x20AC;? Lemon said. â&#x20AC;&#x153;Thereâ&#x20AC;&#x2122;s easy access to utilities, a solid road network plus both the CP Rail and CN Rail lines are nearby.â&#x20AC;?

The newest addition to the industrial corridor is Alpine Plant Food, which opened its $9 million facility two months ago. It can produce 700,000 litres of liquid phosphate fertilizer and other micronutrients.

The potash mine, which opened in 1964, is now owned by Mosaic. There are almost 700 people who work at the facility, which produces about three million tonnes annually of potash for industrial use.

Mosaic is located directly north of where the TransCanada Highway loops over the CP Rail line just west of Belle Plaine.

Literally across the Kalium Road is the worldâ&#x20AC;&#x2122;s largest nitrogen fertilizer complex, Yara Belle Plaine. Opened in 1992, the former SaskFerco Products Inc. facility was acquired in 2008 by Yara International for $1.6 billion.

SaskFerco had been a $435 million commercial joint venture between theGovernment of Saskatchewan and Cargill.

The Nachurs liquid fertilizer plant also operates near Belle Plaine.

Terra Grain Fuels opened about two years ago and has the capacity to produce about 150 million litres of ethanol and 163,800 tonnes of dried distillersâ&#x20AC;&#x2122; grains. Ethanol is a cleanburning fuel made from agricultural products such as wheat or corn. Distillers grains are a co-product of wheat-and-corn-based ethanol that are used as animal feed.

The reeve said some proposed developments for the industrial area include the TransCanada Polygeneration project, ETX Systems and Terra Max. The global economic downturn delayed plans for the proposed $4 billion polygeneration facility. It would have been the largest industrial construction project in the history of Saskatchewan.â&#x2014;&#x2020;

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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

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Tamke Land = 160 acres on blacktop South of Saskatoon $559,000. Other 160 acre pkgs priced @ $299,900 and $349,900

Executive/Retirement Home Lakeside Exceptional Quality $599,000

Great Riverview Property 110.43 acres overlooking North Saskatoon River. $179,900 Schumacher Acreage Business Site Acreage set up for small business with ofďŹ ce, workshop and house, off Hwy #7 West of Saskatoon $759,900 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 Eley Grain land - Hwy #16 Frontage East of Saskatoon $139,900 Bradwell Hay Land/Acreage #2 Frontage South East of Saskatoon $89,900 202 3rd Ave West - Unique Log Home on large lot backing golf course $449,900 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 Other land development opportunites pending. Call today.

This opportunity has three retail properties for sale which are located in Humboldt, Saskatchewan, Thompson and Winkler, Manitoba.

Requests for ConďŹ dentiality Agreement and access to the electronic data room should be directed to Sherry Comte at scomte@ay-sk.com. Expression of Interest must be submitted by January 14, 2011 at 4:00 p.m. CST FOR MORE INFORMATION CONTACT: Douglas McMurray AY British Columbia D 604.647.5082

Murray Bonk AY Manitoba D 204.947.3423 Ext: 115

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Melfort, SK Retail/ commercial space to rent Commercial and industrial lots for sale All enquiries welcome.

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B30 Manitoba/Franchises

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Arborg open for business

A

rborg, a town of 1,617 people about an hour’s drive north of Winnipeg, is on the hunt for investment dollars as immigrant workers continue to arrive in the community.

Pam McCallum, economic development officer for Arborg-Bifrost (the latter is the rural municipality), said the town’s population has grown by 40 per cent over the last five years. That has meant houses are selling almost immediately after being put up for sale – and for higher prices, too – and rental properties have waiting lists.

She said the town needs additional housing, a hotel, more campground sites and a more diversified base of retailers to keep its growing number of residents happy. She said in addition to Winnipeg entrepreneurs, she’s also hoping to attract money to the “Growing Arborg” campaign from former residents who have moved away.

Nearly 150 families have moved to Arborg since 2007, emigrating from such far-away places as Bolivia, Paraguay, Belize, Mexico, the Philippines, Germany and Russia.

To ensure they don’t pack up and move back home if they encounter any difficulty, Arborg officials make sure to help the newcomers cut through the red tape associated with moving to another country, such as getting a driver’s licence and a health card, qualifying for Canada Revenue Agency’s child tax benefit and opening a bank account.

Interlake resort in receivership

A

fter months of speculation, the highest-profile hotel in the Interlake region has fallen into receivership.

The Radisson Hecla Resort was placed

into receivership last month by the Business Development Bank of Canada (BDC), its largest creditor at $8.5 million. The province, through its Manitoba Industrial Opportunities Program, is owed $5.5 million, too.

Joe Paletta, president of the Paletta Group, which ran the hotel for the last three years, said while it did a good wedding and special events business from the spring through to the fall, it wasn’t able to attract a sufficient number of customers to its crosscountry skiing and snowmobile trails and wildlife viewing in the winter to make the 90-room property economically viable.

Paletta isn’t standing pat, however. He filed a statement of claim last month against the BDC and the province. He said his company has sunk nearly $20 million into the Hecla property since it signed a lease more than five years ago.

Winnipeg-based Lazer Grant has been appointed as the receiver for the resort. It is not clear whether it will reopen next spring.

Winnipeg pushes for head offices

Y

es! Winnipeg, a chamber of commerce initiative designed to attract head offices and maintain existing companies in the Manitoba capital, is off and running and optimism is high.

It set out in the spring to raise $6 million, two-thirds of it from the private sector, to fund an operational budget of about $1.2 million annually for five years, and it easily surpassed its goal.

Bill Morrissey, leader of Yes! Winnipeg, said the objective of its nine-person staff is to achieve even a fraction of the success experienced by Nashville, Tennessee, which undertook a similar initiative and opened its doors to more than 350 head offices in 12 years.

He was quick to add that while external attraction was “crucial” for Winnipeg’s future growth, Yes! Winnipeg will also focus on helping local businesses expand, too, though there are only vague details on how it will help.

Charlie Spiring, Yes! Winnipeg’s chair, said he was especially pleased to see that 115 dif-

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innipeg’s Exchange District is growing up into a fullfledged neighbourhood.

The area has long been the home of the city’s arts and cultural communities but it has never been able to attract more than the diehards to live there. That’s beginning to change.

The most significant development is the pending ribbon-cutting of All City Modern Convenience, a 1,400-square-foot grocery store, Refurbishing historic Urban Bank Tower part of the first in the area. Talia Syrie, the Exchange District makeover. co-owner of All City, said she believes a grocery store is “desperately” needed because any time residents run out of dish soap, for example, they have to get in their car – or worse, take the bus or a cab – and go to another neighbourhood to restock.

Its captive customer base will no doubt include residents from the several batches of condominiums set to begin construction over the next two years. Kurtis Sawatzky, president of James Avenue Holdings, said his plan is to immediately renovate 128 James Street for both commercial and residential purposes – including 10 condos scheduled to open in the summer – and to knock down the building next door in 2013 and build an eight-storey residential tower housing 60 condos.

Federal and provincial funds have also gone into refurbishing the area, such as the funding commitments for the historic revitalization of the Union Bank Tower in the Exchange District. The Union Bank Tower will become the new home of Red River College’s culinary and hospitality programs and a 100-student residence.

Photo: Centre Venture Dev. Corp.

8 ) "5 ¤ 4 ) " 1 1 & / * / ( * /

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR

ferent businesses, ranging from mom-and-pop shops up to Great-West Lifeco, Investors Group and the Royal Bank, got out their chequebooks in support of the cause.

“The guys who put in $10,000 to $30,000 is where we really hit it out of the park. We’re strong and we’re going places,” he said.

Rigby expands wine production

F

aced with its bottles flying off liquor store shelves like never before, Manitoba’s only winery was left with no choice but to expand.

Rigby Orchards Ltd. has just received a pair of new 1,000-litre tanks, bringing its

total up to four. The move will actually triple Rigby’s capacity as three different batches will be able to be worked on at one time, said Grant Rigby, its owner.

Unlike traditional wineries, Rigby uses a combination of raspberries, black currents and honey, rather than grapes, to produce its four different recipes.

Rigby grows raspberries and black currents on his farm near Killarney, located about two hours southwest of Winnipeg, and sources his honey from another Manitoba producer, Bee Maid Honey Ltd. He ferments the raw material, bottles the liquid one at a time and carefully places a label by hand on each one.

He said his wines are popular with Manitobans because they can appreciate the unique ingredients.◆ – Compiled by Geoff Kirbyson

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NORTHWINDS COTTAGES: Excellent opportunity to own the perfect cottage rental business, 6 cottages, all with bathroom/shower. Grand Marais is immediately adjacent to Grand Beach Provincial Park, a 3 km beach visited by crowds of up to thirty thousand or more on summer weekends. $169,900 Melodie

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Franchises B31

WESTERN INVESTOR JANUARY 2011 www.westerninvestor.com

Franchiseek goes mobile

I

n a bid to stay one step ahead of its competitors, International Franchise Inc.’s website, www.franchiseek.com, has launched a mobile site to cater to the investor on the go. The new mobile site is specifically designed to be viewed on a variety of handheld devices and is fairly simple and easy to navigate.

Viewers can search the international database for up-to-date franchise news, legal advice, market trends and franchise opportunities that are available in 28 countries worldwide. Potential franchisees can then dial direct from their mobile phone or send an email using an online contact form.

To display the site on a mobile or hand-held device, launch your phone’s Internet browser and bookmark www.franchiseek.com/mobile.

Jamba Juice pins hope on Canada

C

alifornia-based smoothie shop business Jamba Juice Co. hopes to have 125 franchised stores in Canada in 10 years.

The San Francisco company signed a deal – albeit a non-binding one – with International Franchise Inc., which is based in Nova Scotia.

Jamba didn’t give many details, but the company, which had an accumulated deficit of $345.5 million at the end of its most recent quarter, has pinned its hopes on selling franchises across the northern border.

Last year, Jamba sold its company-owned stores (it had 432 of them as of July 13, but has made deals to sell some since) around the United States in a process it calls “refranchis-

ing.”

It did not estimate the amount of money it might make from expanding into Canada.

International Franchise would get exclusive Canadian rights to the Jamba Juice franchise, according to Jamba chairman, president and CEO James White, if the deal closes.

International Franchise mainly works in the frozen yogurt and ice cream markets and does business in 32 nations.

Jamba Juice charges a $25,000 franchise fee, plus royalty and advertising fees. The company estimates a minimum franchise investment of $350,000 is required.

Canadian Tire rolls out first “smart stores”

C

anadian Tire Corp. says it’s boosting dividend after third-quarter profits rose 21 per cent, despite a previously announced restructuring charge.

The big hardware and home goods retailer said its quarterly dividend payments would increase to 27.5 cents next year from 21 cents each quarter this year. The move comes after the company reported quarterly profits of $103.2 million, or $1.46 per share, when factoring in a restructuring charge of $14.7 million. That’s an increase from $85.4 million, or $1.11 per share, in the same threemonth period a year earlier, easily beating analyst forecasts.

“Overall, our business is performing well,” said Stephen Wetmore, president and CEO of Canadian Tire, noting the company repaid $300 million in debt that matured in the third quarter of 2011.

Retail analyst Robert Cavallo says that the strong results will likely boost Canadian Tire’s share price.

P

lay N Trade Franchise, Inc., the world’s largest video game franchise, has announced that 13 new Play N Trade stores have opened for business this year and another 13 are scheduled to open by September 2011.

Canadian franchisee Justin White opened his second store in British Columbia in July with plans for a third to be up and running by 2011. White projects to have six-to-eight stores open within the next three years. “The best thing about Play N Trade is being able to run a store Play N Trade plans to open 13 outlets this myself,” said White. “Customers can see year. that we are not just another huge corporate entity like our competitors.”

Play N Trade has set itself apart from competing retail video game stores by offering a “try-before-you-buy” policy that allows gamers to play any game in-store prior to purchase and a “player’s club” consisting of numerous consoles and flat-screen TVs that can host instore tournaments and events.

Play N Trade foresees the success to continue with an expansive slate of proven titles set to release this year, such as Halo: Reach, Madden NFL 11, Call of Duty: Black Ops and the 3-D motion-sensing peripherals of Microsoft’s Kinect and Sony’s PlayStation Move. The company also offers a repair service for consoles and games, as well as trading of games. It will even buy games from customers.

A Play N Trade franchise requires a $30,000 franchise fee, and there is a 5 per cent royalty and a 2 per cent advertising fee, both based on gross sales. Total investment for a turnkey outlet is in the range of $200,000 to $325,000.

Photo: Play N Trade Franchise, Inc.

News, views and updates on Canada’s franchise industry

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“Given the earnings and dividend increase, we could see the share price react fairly strongly,” he said in a note.

Retail sales at Canadian Tire stores rose 2.5 per cent to $2.51 billion. At retail stores open more than a year, sales grew by 1.4 per cent.

Sales at its Mark’s Work Warehouse clothing division grew 4.5 per cent. Inclusion of Mark’s Work Wearhouse outlets, more selection and improved customer service are part of the Canadian Tire’s new “smart store” concept that is now being rolled out.

The company said it is on track to open three new smart stores, three smaller stores and complete 59 smart store conversions by early in 2011.

Canadian Tire has a workforce of 58,000 and operates 273 gas stations and 482 retail stores across the country.

Fastsigns adding QR Codes

F

astsigns International Inc., a sign and graphics franchisor that provides visual communications and marketing solutions, is now helping businesses, organizations and events connect with people by adding Quick Response codes (QR codes).

Capturing a QR code is similar to taking a picture with a mobile phone; passersby simply use their smartphone with a downloaded (free or purchased) QR code reader and scan the printed QR code. From there, the QR code directs them to online content such as a website, video or contact information.◆ – Compiled by Kevan O’Brien

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This leading national brand providing in-home senior care combines exceptional growth potential with both the financial and feel-good rewards unique to a business dedicated to caring for others.

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A franchise partnership with DQ®, a Berkshire Hathaway Company, enables you to enjoy the benefits of a well-established family of concepts such as:

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• No healthcare degree required To learn more, call Wayne Maillet at 604-941-4361

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B32

www.westerninvestor.com JANUARY 2011 WESTERN INVESTOR