Western Investor November 2011 Section B

Page 1

www.naicalgary.com BOOK & GIFT STORE FOR SALE • N.O.I. $260,00 / year • Long Term Lease • Ideal for Owner / Operator • High traffic location in a major city in Alberta PRIME BAY SPACE FOR LEASE 4303 - 9th Street SE, Calgary, AB • 2,500 - 9,300 +/- sf • Available: Immediately

LAND FOR SALE - 2 Acre Multi Residential Site - Calgary Region

CONDITIONALLY SOLD 4110 - 79 Street NW Calgary, Alberta •10,250 sf Office building

Gene Sarmaga Tel: (403) 826-5636 gsarmaga@naicalgary.com SOLD Bower Plaza Red Deer, Alberta • 50,000 sf Prime Retail Shopping Centre

PRIME RETAIL SPACE FOR LEASE

BOWER PLAZA RED DEER, ALBERTA

Our first annual ranking of the best in the West Surrey Mayor Dianne Watts reflects can-do attitude in Western Canada’s top town for real estate investors

Shane Olin Tel: (403) 708-9086 solin@naicalgary.com SOUTHEASTERN ALBERTA • N.O.I. in excess of $725,000 • Full Service including Conference / Wedding facilities • Well Flagged • 42 Rooms with room and plans for expansion • Two lounges • High VLT count • Net Rental Income as well • Priced to Sell! 5 MOTELS PRICED UNDER $700,000 • Located in various southern Alberta towns • Great returns for an on-site owner/operator • Have your own business for little more than the cost of an average home in Calgary!

WESTMOUNT OKOTOKS, ALBERTA

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

$4.29 NOVEMBER 2011 Vol. 26/Issue 11

6 SURREY LEADS “TOP 10 TOWNS”

- 2.53 acre industrial zoned land in west Calgary

Contact: Jim Balfour Tel: (403) 291-8860 jbalfour@naicalgary.com

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

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

▲

CONDITIONALLY SOLD 154 Bowness Centre NW Calgary, Alberta • 16,200 sf retail building • $1,800,000 ($111 psf) • +/- 1 acre of land

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

CANMORE DEVELOPMENT • 20 Unit townhouse project • 50% complete, at "Lock Up" stage • Asking $6,200,000

11 STRIPS SEEN AS STRATA PLAY

Savvy Alberta realtor turns stores into condos 17 COCHRANE KICKS ITS SPURS

Phoo: JuHISdy Gr

Jim Courtney Tel: (403) 291-8873 jcourtney@naicalgary.com

CONDITIONALLY SOLD

Historic cowboy town gallops into a big-box, fast-paced future on Calgary’s western edge 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

4337 MACLEOD TRAIL S CALGARY, ALBERTA

800 - 10,000 sq. ft.

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

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

Calgary Office

m[ij[hd_dl[ijeh$Yec

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

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

T

T VC

D

JS CF

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

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

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

www.colliers.com/kelowna

TOWER RANCH GOLF RESORT

OFFICE BUILDING, PENTICTON

MULTI FAMILY DEVELOPMENT

PRINCETON INDUSTRIAL ESTATES

s #!0 RATE ON ./) OF s 'OVERNMENT TENANTED s SQUARE FEET RENTABLE AREA List Price: $1,930,000

s .EW PRICE REFLECTS DOOR #$ ZONE ALLOWS FOR SINGLE FAMILY TOWNHOUSE OR MULTI FAMILY MAXIMUM OF HOMES Reduced from $22,500,000 to $14,500,000

MULTI TENANT INDUSTRIAL, PENTICTON s .ET INCOME OF s LEASED INDUSTRIAL PROPERTY s SQUARE FEET ESTIMATED ',! List Price: $3,045,000

THEATRE PORTFOLIO, (PENTICTON / KELOWNA)

264 LOUGHEED ROAD, KELOWNA s YIELD ON ./) OF ANNUM s 3INGLE TENANT NEW YEAR LEASE IN PLACE s SQ FT MAIN SQ FT MEZZ List Price: $1,080,556

CHAD BIAFORE & MARSHALL MCANERNEY* * PERSONAL REAL ESTATE CORP.

s ANNUAL YIELD AS OF /CT s MATURE THEATRES IN $4 SETTINGS s )DEAL FOR LONG TERM HOLD For Sale $3.6M for both assets

JEFF HUDSON* & MARSHALL MCANERNEY* *PERSONAL REAL ESTATE CORP. www.bcip.ca

FOR SALE

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

s )NDOOR #AR 4RUCK 7ASH W # 3TORE s 'AS 3TATION WTH # 3TORE s #OMMERCIAL #ARDLOCK s 0ROPANE #ARDLOCK

#ALL BROKER FOR PRICING MIKE GEDDES

JACK SHABBITS & ERIC WEBER*

996 LAVAL CRESCENT, KAMLOOPS

COMMERCIAL BUILDING, SUMMERLAND

0ERSONAL 2EAL %STATE #ORP

s /VER SQ FT OF REFRIGERATED WARE HOUSE LONG TERM TENANTS List Price: $1,895,000

SQ FT STORY COMMERCIAL BUILDING IN 3UMMERLAND RESERVED PARKING STALLS ZONED #" ND FLOOR ALLOWS FOR DWELLING UNIT ,IST 0RICE MEGHAN O’MARA

$IP)4 2EAL %STATE

MERRITT DEVELOPMENT s #ORNER ACRE IN 2AIL 9ARD -ALL ACRES NEXT DOOR s 0ACKAGE PURCHASE OPPORTUNITY FOR LESS THAN LARRY GOOD (Kamloops)

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

UÊ

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

O f fice: Fax:

250-862-8100 250-984-0803

Syd Berisoff

Larry Berisoff

Agent/Broker

Associate Broker

syd@syberrealty.com

larry@syberrealty.com

To view photos on these and other opportunities visit our website

CENTRAL BC FLAGGED MOTEL s 5NITS WITH +ITCHEN 5NITS s 3EPARATE "UILDINGS "EDROOM /WNERS 3UITE s )NDOOR 0OOL (OT TUB -EETING 2OOM s ,ARGE ,OBBY WITH "REAKFAST !REA s $1,995,000

LIQUOR STORE AND PUB s %XCELLENT "UILDING BUILT ABOUT s %XCELLENT "OTTOM ,INE s ,IQUOR 3TORE IS 0OPULAR n OVER 7INES s %XTRA ,ARGE #OOLER FOR 3TOCK 0UB 3EATS 0ATIO s !CRES ,OTS OF 2OOM s $1,595,000

HIGHWAY 16 MOTEL s 5NITS IN .EW (AZELTON s 4HE 2OOMS ARE !WESOME s "ATHROOMS HAVE BEEN 2EDONE s %XCELLENT &URNISHINGS AND $ECOR s -AKES -ONEY "$2- -ANAGERS 3UITE s $395,000

OKANAGAN MOTEL s 5NITS WITH A "EDROOM /WNERS 3UITE s "UILT IN n 6ERY 'OOD #ONDITION s 2EVENUES ARE 'ROWING s !BOUT 4EN -INUTES FROM +ELOWNA !IRPORT s $1,989,000

WEST KOOTENAY PUB s ,OCATED IN A 3TABLE %CONOMIC !REA s 3EAT 0UB WITH !DJOINING +ITCHEN #AFÏ s 3ECOND &LOOR #URRENTLY NOT USED BUT HAS 0OTENTIAL s 3OLID "UILDING WITH .EWER 2OOF s 3ELLER MAY CARRY WITH $OWN s $399,000

PRINCETON s 5NITS WITH A "EDROOM ,IVING !REA s )NDOOR 0OOL AND (OT 4UB s 3USHI "AR IF YOU ARE SO )NCLINED s -INING !CTIVITY IN THE !REA s -OTIVATED 3ELLER s $998,000

Jody Miller jody@syberrealty.com

www.syberrealty.com

POPULAR HOPE MOTEL s 5NITS WITH +ITCHEN 5NITS s #ENTRALLY ,OCATED WALK TO 2ESTAURANTS ETC s "EDROOM ,IVING !REA s 3AME /WNER LAST 9EARS s $998,000

REVELSTOKE, BC s 5NIT -OTEL ON !CRES s ,OCATED NEAR 3ANDMAN AND "EST 7ESTERN s SEAT CAFÏ n WOULD MAKE AN EXCELLENT MEETING ROOM s 6ACANT !DJOINING ,OT !VAILABLE FOR s $3,750,000

CLINTON STARTER s 5NIT -OTEL ,IVING !REA s %XCELLENT ,OCATION s )NCLUDES ADDITIONAL X v ,OT s .EWER 2UBBER -EMBRANE 2OOF s $295,000

GROCERY STORE s ,OCATED IN 2IONDEL ON +OOTENAY ,AKE s /NLY 3TORE IN 4OWN 'REAT FOR A #OUPLE s 'REAT !REA TO ,IVE n 'OLF &ISH (UNT ETC s 'ROCERY 0OST /FlCE "AKE /FF ETC s ,IQUOR !GENCY MUST BE APPLIED FOR s $499,000

NELSON, BC s 5NIT )NN n 6ERY .ICE #ONDITION s %XCELLENT #ONCRETE "LOCK "UILDING s /VER SQFT OF -AIN &LOOR 2ETAIL 3PACE s 0ROlTABLE NEW -ACHINE ,AUNDROMAT s 'REAT /PPORTUNITY TO ,IVE 7ORK IN .ELSON s $1,499,000

HOUSTON, BC s -OTELS n /VER 5NITS s 2ESTAURANTS n /NE IS ,EASED s /NE HAS 26 3ITES s /WNER -AY #ARRY &IRST -ORTGAGE s $2,950,000 For BOTH!

$0/5&/54 /07&.#&3 */5&3*03 # $ Â… "-#&35" Â… 4"4,"5$)&8"/ Â… ."/*50#" 4&$5*0/

On the cover Surrey Mayor Dianne Watts: leads a can-do city named top town for real estate investors in Western Canada. Photo: Laura Ballance Group

FEATURES 6 0/ 5)& $07&3 5PQ UPXOT GPS SFBM FTUBUF

Western Investor picks best in the West for real estate

11 4USJQT FZFE GPS DPOWFSTJPO JOUP TUSBUBT

Edmonton realtor says selling retail space beats leasing

17 $PDISBOF TBEEMFT VQ GPS B OFX WJTJPO

Big-box backers eye 105 acres as prime power centre Download a PDF of all our Regional Roundups online at www.westerninvestor.com

COLUMNS 23 29 30 31

8)"5¤4 )"11&/*/( */ "-#&35"

41&$*"- 4&$5*0/ Â… #

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

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

2–13 */5&3*03 /035)&3/ # $ 3&"- &45"5&

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

16–27 "-#&35" 3&"- &45"5&

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

27–30 4"4,"5$)&8"/ ."/*50#" 3&"- &45"5&

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

8)"5¤4 )"11&/*/( */ 4"4,"5$)&8"/

31

8)"5¤4 )"11&/*/( */ ."/*50#"

.03& 0110356/*5*&4 ™

'3"/$)*4&4

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

'3"/$)*4& /&84

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

COMMERCIAL BUILDINGS KETTLE VALLEY AREA Join in the professional and retail mix in the ever expanding Kettle Valley area in the only commercial buildings currently available. Great size & layout for various retail or professional. 2 units have improvements & one is in a shell state ready for your leasehold improvements. Located in the same building as Kettle Valley Grill, daycare centre, coffee shop, chiropractor, etc. Call for unit sizes. Asking: $1,000 - $1,888 pm plus NNN + HST MLSÂŽ

PRICE REDUCED! BUILDING AND LAND FOR SALE at Reid’s Corner Commercial Strata. Building approximately 4,212 sq ft. Current zoning C7 – Commercial Mixed use. Easy access from Hwy 97N and close to Kelowna’s International Airport. This property is also available for Lease. Asking: $550,000 or Lease at $11.00 psf plus NNN + HST MLSŽ

A VERY RARE OFFERING in the Cedar Avenue Land Use Area. OCP delineates Commercial C-4 or C9 zoning. This revenue producing two storey “Inn� under a B & B License incorporates 2 separate kitchens, 8 bedrooms, 5 bathrooms with 3 full living areas in the +/3, 887 S.F. of Living area. 21’ above ground pool & 8 man hot tub accentuate the lakefront lifestyle across from a future park/beach/lake access in a convenient walk to everything in the South Pandosy corridor. REALTORŽ. Asking: $1,650,000 + HST MLSŽ

PRICE REDUCTION! VISIBLE FLAT SITE - TRANS CANADA 4 km’s West of Revelstoke.

FOR LEASE OFFICE OR RETAIL SPACE Recently combined into approximately 1,990 sq ft of main oor OfďŹ ce or Retail Space on St. Paul. Central downtown location, close to shopping restaurants and bus service. Available For Lease: $2,239 plus Tnet and HST MLSÂŽ

Previous use was a wood mill. Lots of potential uses – Industrial or rezone to the “Perfect Campground or Helicopter Site�. Seller Says “Sell It� Asking: $499,900 MLSŽ

HERE'S YOUR INVESTMENT OPPORTUNITY! 4 units, each with 2 bedrooms and 2 baths with full unďŹ nished basement. One unit with ďŹ nished basement space. All with separate laundry, 2 parking stalls. The kids can walk to school, sports complex and the bus route is close by. Lots of amenities in the area! Contact realtor for income information. Asking: $699,000 MLSÂŽ

SUPPORT YOUR BUSINESS that requires an open retail bay, boardroom, ofďŹ ces and bonus mezzanine. Footprint 3,324 sq. ft. and 1,415 sq. ft. mezzanine. Prominent location on busy Leckie Rd. Asking: $4,000 per month + Cam, Taxes + HST MLSÂŽ

PRIME DEVELOPMENT SITES – WINFIELD TOWN CENTRE FULLY SERVICED AND READY TO BUILD 3.83 ac. Commercial Site s 0AD 3ITES BOTH W DRIVE THRU s 3& 2ETAIL 3PACE s 3& /FlCE 3PACE s New Price: $3,999,000 2.67 ac. Senior Housing Site s 2ESIDENTIAL 5NITS s 3& 2ETAIL 3PACE s #OTTAGES n 2ESIDENTIAL & Home OfďŹ ce s New Price: $2,399,000 Both Sites 6.5 Acres – New Price $5,999,000 MLSÂŽ (Plus DLC – Latecomer Charges)

MBM MARINA IN SICAMOUS, BC. Potential 100 room hotel. Prominently located at the North end of the channel between Mara & Shuswap Lakes (Sicamous Narrows. Recently consolidated to include 2.04 acres with 320 linear ft of waterfront. Deep moorage on the north owing channel. Also included is a .24 acre parcel NE of the waterfront oriented section, across Young Cresc. to be utilized in conjunction with marina operations. Previously Offered at $11,500,000 – Now $6,500,000 MLSŽ

GREAT LOCATION IN THE PANDOSY CORRIDOR - TO BE BUILT ! Priced individually - New Strata Commercial/Residential Mix building. Commercial bays on 1st & 2nd oors. Unit 1 (main oor) - priced at $475,755 for 1,378 sq.ft. Unit 2 (2nd oor) $1,216,499 for 3,307 sq ft. 3rd oor Penthouse - residential priced at $834,640 1,834 sq ft & $711,450 1,581 sq ft each. Design changes may alter oor plate. All measurements to be veriďŹ ed by survey. The building can be purchased for $3,000,000 net usable 8,100 sq. ft. Call Ken or Kris for details.

B4 Interior British Columbia DEVELOPMENTAL LAND AND

GOLF COURSE FOR SALE IN THE BEAUTIFUL BC INTERIOR

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

marketing your franchise?

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

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

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

NORTH OKANAGAN SELF STORAGE

Call Christine at the

Dwight Vos 250.371.7992 Tracy Mackenzie 250.318.2938

BEST-WEST REALTY LTD. 250.554.4511

1-800-661-6988 (604) 608-5110 ccampbell@biv.com

VERNON & AREA

UÊÊÓ°Ç£Ê VÀiÃÊUÊ, Êv ÀÊ Ý«> à ÊUÊÊ } Ê Ý« ÃÕÀiÊ V>Ì UÊÓxnÊ1 ÌÃÊÊUÊÊ* ÕÃÊnäÊ"ÕÌ` ÀÊ-Ì À>}iÊ-«>Vià UÊ VÀiÌiÊL V ÊV ÃÌÀÕVÌ ÊÊUÊÊ > >}iÀ½ÃÊ,ià `i Vi UÊ ° °Ê/ «Ê£äÊ1 >Õ Ê V>Ì ÊÊUÊÊ-i iÀÊ >ÞÊV>ÀÀÞÊ ÀÌ}>}i UÊ À ÃÃÊf{nä]äää³É ÊÊUÊÊÇ°ä¯Ê >«Ê,>Ìi Asking Price $4,695,000

TRADES CONSIDERED ON SELECT PROPERTIES PREMIUM STORAGE YOU OWN! GARAGETOWN - VERNON Premium Storage with a difference- YOU OWN IT! - 47 fully customizable units. 20x48, 24x48 and larger w/14’ overhead doors plus a drive-through model. Ideal for RVS, boats, collectors, retail and business overflow. Level 3 acre site w/ quick access to all major routes. Fully furnished Owners Lounge! Offering preconstruction incentives from $125,900 MLS® CARWASH – WILLIAMS LAKE Profitable and well maintained! Great Family operation or for absentee owner. ½ acre lot, 3 high pressure truck and 3 medium pressure car bays, new detailing business. $949,000 MLS® TOURIST COMMERCIAL ON OKANAGAN LAKE .23 level acre across from public beach! Older home with long term tenant. $650,000 MLS® RETAIL/WAREHOUSE WITH SUITE 10,800 sq.ft - flexible use. High visibility on main commercial road across from Mall. Tenant would like to stay. Great holding property. $1,199,000 MLS® TRANSCANADA HIGHWAY FRONTAGE 1.8 acres with 500’ frontage. Previously operated as Gas station, store, restaurant, launderette. Includes rental suite and 5 unit mobile home park. Main store built in 2003/ Sold As is Where is. Opportunity! Close to Sicamous, BC. $515,000 MLS®

CHRISTINA LAKE RV PARK/CAMPGROUND

FIRST TIME ON THE MARKET IN OVER 20 YEARS!

UÊÇxÊ- ÌiÃÊÜ Ì Ê Õ ÊEÊ*>ÀÌ > Ê-iÀÛ Vià UÊ >ÃÞÊ>VViÃÃÊ vvÊ } Ü>ÞÊÎ UÊ Õ Êv>V Ì iÃÊ V Õ` }Ê« UÊ"«iÀ>ÌiÃÊ >ÞÊ£ÊÌ Ê-i«Ìi LiÀÊ£xÊ

$100,000 Price Reduction – New Asking Price $699,000

FORECLOSURE SALE - FORMER GOLF COURSE UÊÊ , Ê ", -]Ê Ê UÊÊΣxÊ VÀiÊ- Ìi UÊÊ ««À Ý >Ìi ÞÊÓÊ ÊÀ ÛiÀÊvÀ Ì>}i UÊÊÎ] äÊ-µ°Ê Ì°Ê }Ê i UÊÊ vÊV ÕÀÃiÊ >ÃÌÊ «iÀ>Ìi`Ê ÊÓää ÊÃi>Ã Ê UÊÊ£nÊ i]Ê«>ÀÊÇÓÊV ÕÀÃi UÊÊ ÝVi i ÌÊv>À Ê > `Ê ÀÊÀi «i Ê} v UÊÊ-i iÀÊ >ÞÊ>Ãà ÃÌÊÜ Ì ÊwÊ > V }

NURSERY/HORSE SET-UP In heart of Coldstream Valley! Turn key operation! Steady Growth! Equipment, automated greenhouse, vehicles, comfortable home with suite, office. 20 prime irrigated acres w/ set up for horses. $1,600,000 MLS® FORMER PACKING HOUSE OFFERS 38,000 SQ.FT. Warehouse can be cooled or heated. Off street semi-trailer, staff parking. Extremely solid. Zoning supports brewing/distilling, commercial, retail, care center, apartment and more. Downtown location. $1,949,000 MLS® SERVICE COMMERCIAL DEVELOPMENT SITE Ideal for end user or subdivision. Fully serviced area w/access from 2 or 3 roads. Zoning allows for 10,800 sq.ft +. Multiple uses including residential above main floor. $5,750,000 MLS® IDEAL FOR WATER BASED BUSINESS .51 level acre zoned I1 Light Industrial. 18’ x 30’ shop and 3 bdrm house. Located between downtown and yacht club/boat launch. Next to airport. Rare Find! $688,000 MLS® OKANAGAN RANCH 681 acre Ranch (or potential development) 20 minutes from Kelowna International Airport & City of Vernon. Adjacent to world class Predator Ridge Golf Course and Sparkling Hills International Resort. Rolling, open and treed land w/some stunning Kalamalka Lake views. 180 acres out of ALR. $6,495,000 MLS® BUSINESS - RECREATION VEHICLE SALES Thriving, profitable, long established business! Sales of new & used, service department, rentals, accessories sales. High profile location. Sellers will negotiate lease for land and buildings. $499,000 MLS®

UÊ{° £Ê VÀiÊ Vi ÞÊ/Àii`Ê*À «iÀÌÞ UÊ ÃiÊÌ Ê >À}iÊ«ÕL VÊLi>V UÊ ÝVi«Ì > ÞÊÜi Ê > Ì> i` UÊ*iÀviVÌÊv ÀÊÃi ÊÀiÌ Ài`ÊV Õ« i

Asking Price $1,200,000

PRIME FARM-HOLDING LAND - OSOYOOS UÊ À iÀÊ- ÌiÊ Ê } ÊÌÀ>vwÊV]Ê } ÊiÝ« ÃÕÀiÊ V>Ì ÊÜ Ì £äää³ÊvÌ°Ê } Ü>ÞÊÎÊvÀ Ì>}iÊ« ÕÃÊ££ÇxÊvÌÊ-iV `>ÀÞÊ, >`Ê À Ì>}iÊUÊ/ Ü ÊÃiÜiÀÊEÊÜ>ÌiÀÊ>ÌÊ ÌÊ iÊ UÊ6iÀÞÊV ÃiÊÌ Ê > iÊUÊ V Õ`iÃÊ ÕÃiÊEÊ «iÀ>Ì } ÀV >À`ÊUÊ Ài>ÌÊ V>Ì Êv ÀÊv>À Ê}>ÌiÊÜ iÀÞÊ ÀÊ>}À Ì ÕÀ à LÕà iÃÃÊ Asking Price $1,995,000

D L O S

FORECLOSURE SALE INDUSTRIAL BUILDING – SUMMERLAND UÊÊÓ°È{Ê VÀiÊ- ÌiÊUÊ Õ ÌÊ ÊÓääÇÊ UÊÎä]äääÊõ°ÊvÌ°Ê-Ìii Ê À> iÊLÕ ` }ÊÜ Ì Ê È{nÊõ°ÊvÌ°Ê vwÊViÊë>ViÊ UÊ< }Ê> ÜÃÊ Õ iÀ ÕÃÊ«iÀ ÌÌi`ÊÕÃià Asking Price $1,650,000

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

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

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

*OWFTUJOH advertise@westerninvestor.com

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

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.

Join thousands of real estate investors and professionals who read the Western Investor’s market overviews, news, and features to help them guide their investment dollars into profitable properties and businesses. Plus, you’ll find all kinds of opportunities for sale – all in one place – from across Western Canada. Pick up your copy at your local newsstand or subscribe and we’ll mail it right to your door. Check out our media kit on-line at westerninvestor.com for more information or call us at 604-669-8500. Advertising deadlines are mid-month for the next month’s issue.

Interior B.C./Business Opportunities B5

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

KELOWNA & OKANAGAN ACREAGES www.davidjurome.com

#APTURE THE

Oyama Lake Fishing Resort

Owner wil l Consider partial TR ADE!

10 ACRES ELLISON - Very private parcel on quiet cul-de-sac. Incredible lake & valley views. Driveways cut into 2 secluded building sites. Backs crown land for access to trails. No HST $389,000 MLS® 10029052 6.8 ACRES OKANAGAN LAKE – with 292 ft of lakeshore. Located across the lake from Peachland near Rattlesnake Island & Squally Point. Boat access only. Next to Provincial Park. $545,000 MLS® 10029987 10.3 ACRES KELOWNA - Gentle slope, south exposure. Good for horses. Approx 4200 sq ft home with 4 bedrooms, 3 dens and triple garage. Exceptional value! No HST $639,000 MLS® 10033615

00 ,200,0

E $1

AL FOR S

East Kootenay, BC FAMILY RESTAURANT BUSINESS

One of Southeast BC’s Most Successful Family Owned & Operated Dining In & Catering Will Sell Building as an option 6500 Sq Ft Modern Building For more information contact:

ROSS PRIEST (Owners’ Consultant)

(250) 417-7479 priestross@shaw.ca

149 ACRES KELOWNA – 15 minute drive east of Kelowna Hwy 33. Very private with Mission Creek frontage. 3 bedroom cabin. Very mature timber stand. Next to Crown Land. No HST $695,000 MLS® 10021439

15 Cabins, Campsites & RV sites, Gorgeous Residence with store, Boats/Motors - Everything you need to make the move into a great new lifestyle! $1,699,900

15.8 ACRES LAKE COUNTRY – Spectacular lake & valley views! Perfect spot to build your estate dream home. Building sites with easy access. 5 minute walk to lake & public beach. $699,000 MLS® 10027808 9.8 ACRES ELLISON – Spectacular valley views! Custom built Quad Lock Concrete home with 4,176 sq ft & 2 car garage + detached 28 x 42 ft workshop + 2 bedroom rental home. $1,190,000 MLS® 10026652 20 ACRES S.E. KELOWNA – Flat hay land. Large barn with workshop + 2 bedroom suite, mobile home & cabin. Artesian well + water rights. Perfect spot to build estate home. $1,275,000 MLS® 10018056 160 ACRES OYAMA – Panoramic views of Kalamalka Lake. Oyama Shale Rock quarry for pink granite rock. Seller will consider trades & may carry financing. Open to Offers $1,450,000 MLS® 10024190 19 ACRES S.E. KELOWNA – Flat hay land. Main home 3,227 sq ft, 3 bedrooms + den, 2 fireplaces, 2 car garage. Modular home 2,000 sq ft, 3 bedrooms + den + 2 car detached garage. $1,750,000 MLS® 10018678 18 ACRES MISSION CREEK – 1,500 ft frontage on Mission Creek. 3,000 sq ft main residence, mobile home, duplex generating income, artesian well and water rights on Mission Creek. $1,895,000 MLS® 10022369 287 ACRES VERNON - Panoramic views of Lake and valley. Private with rolling hills and flat benches. Near Predator Ridge. Seller may consider trades or carry financing. $4,900,000 MLS® 10019393

22 Acres on 1200’ of Shuswap River - Spring Water Business & RV Park Development Potential & Hobby Farm with Huge Workshop! $849,900 South Mabel Lake Operating Guest Ranch & Hobby Farm on 78 Ac with 2 titles and subdivision potential - Heritage Log Home lodge with residence South Mabel Lake $799,900

49 ACRES S.E. KELOWNA – Panoramic lake and city views. Gentle slope SW exposure. Ideal for Estate winery. Planted to apple & cherry crops. Home is 5 bedrooms, 3.5 baths, 3,500 sq ft. $5,700,000 MLS® 10028787

JODI

LOUGHEED

DAVID JUROME 250-862-1888

Managing Broker, Vernon

250 503-8033

COLDWELL BANKER COMMERCIAL WORLDWIDE LARGE CONSTRUCTION PROJECTS UNDERWAY IN OUR AREA BLOCK MOTEL NINE UNIT & MOBILE HOME REDUCED TO $695,000

52 UNIT APARTMENT COMPLEX

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

28 UNITS STRATA TITLED PRICE $2,995,000

Reduced to $749,000

TIME & PLACE

30 UNIT APARTMENT GREAT LOCATION NICE SHAPE

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

CHRISTINA LAKE $489,000

HOTEL, LIQUOR STORE, RESTAURANT $549,000 DER SALE

COURT OR

PRIME RIVER VIEW LOCATION, BUS STOP IN FRONT, MAINLY SENIORS, ALWAYS FULL

$1,650,000

Price Reduction

FORMER SCHOOL

INTERNATIONAL SCHOOL 18,000 SQ. FT. OVER 50,000 SQ. FT. PROPERTY DISTRIBUTION OR MANUFACTURING CENTRE NICELY LOCATED WITH ADEQUATE PARKING AND FENCED STORAGE

3 LUXURY SUITES UPPER LEVEL, SIGNIFICANT RESIDENTIAL REDEVELOPMENT POTENTIAL, LOG FURNITURE COMPANY USES LOWER LEVEL, ZONED C10A $2,750,000

DEVELOPMENT PROPERTY $669,000

4000 Sq. Ft. plus 2500 Sq. Ft. building now leased. $4,000 per month triple net. 1ST TRAIL REAL ESTATE LTD.

AREA $750,000

100 ACRES

PROPOSED

LARGE INDUSTRIAL SITE 24 LOT DUPLEX MAJOR POWER LINE SUBDIVISION 4TH MAJOR GAS LINE STAGE OF EXISTING POTENTIAL COGEN SITE SENIOR HOUSING DEV. $750,000

$888,800

EUROPEAN BAKERY HIGH VOLUME OWNER RETIRING, WILL STAY ON AND TRAIN $300,000

MILANO PIZZA & CHICKEN TAKE OUT $169,000

Excellent Volume. Vendors will train.

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

B6

www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

COVER Western Investor’s first annual pick of the top 10 towns for western Canadian real estate investors

5PQ UPXOT mobile reporting for building inspections and an “e-business� system that allows developWESTERN INVESTOR ers to check project status, engineering reports and inspections online. These are among the reasons why Surrey accounts for half of all /P 4VSSFZ When Mayor Dianne Watts opened Surreys’ the office construction in Metro Vancouver $36 million City Centre library in September, this year and has the region’s second-highest it underscored what may be the smartest town inventory of industrial real estate. for real estate investing in Western Canada. Just days earlier, Ivanhoe Cambridge had /P $BMHBSZ announced a $220 million expansion of its With oil prices flirting with five-year highs and Guildford Town Centre mall. an influx of new workers and families, Calgary The 77,000-square-foot library forms a takes second spot among our top 10 towns in key part of the giant Central City complex in the West. Canada’s 12th-largest city, the second biggest The action is seen on the streets, where in British Columbia. The centre includes a Oxford Properties, the real estate arm of the new city hall, a new campus for Simon Fraser Canadian pension plan, has announced plans University and the Central City shopping mall. for a 25-storey downtown office tower. “As we Close by is the sprawling new headquarters look around the markets globally we believe of the RCMP, the largest joint federal gov- Calgary is in our top five list of places to invest ernment/private-sector project in the Pacific and re-invest,� said Dave Routledge, Oxford’s Region. vice-president of real estate management. The expansion of the Surrey Memorial Calgary’s downtown class A office vacancy Hospital, with a satellite campus for the has plunged to 4.5 per cent from 12.5 per cent University of BC, part of a $239 million care in 2010, according to commercial real estate and surgery centre, is another link in the out- firm CB Richard Ellis Ltd. standing infrastructure in the fastest-growing Meanwhile, Calgary’s industrial market is city in B.C. surging. With the vacancy rate in the 5 per Surrey attracts 1,000 new residents every cent range, more than 2 million square feet month, which convinced giant developer were leased up in the first half of 2011 alone. Concord Pacific to launch a five-tower mas- Out near the airport, WAM Developments is ter-planned community of 3,000 homes in the completing one of the largest industrial plays heart of Surrey’s once-troubled Whalley area. in Western Canada, with 1,100 acres and plans More new homes were started in Surrey this for 10 million square feet of space. year than in Vancouver, and Surrey accounts Calgary’s housing market has also shaken for one-third of all detached housing starts in off the slump, with a rush of new condo towers B.C.’s Lower Mainland. Yet, at an average underway and the resale market posting an 8.25 price of $569,000 for houses and $222,370 for per cent increase in sales to September. The condos, Surrey homes are half the price as in average house price is $466,000. the City of Vancouver. Alberta’s largest city is also a magnet for NAIOP, the Commercial Real Estate immigrants and those moving from other Association based in Vancouver, recently provinces. Last year 12,000 people moved into praised Surrey for both its tax incentives and Calgary and, since 2004, the city accounted for its action against red tape, including its new 36 per cent of all Alberta immigration.

Photo: Ivanhoe Cambridge

Photo: Coast Realty Group

WI STAFF

Surrey Mayor Dianne Watts, right, at the announcement of the $230 million Guildford Town Centre mall expansion.

/P 4BTLBUPPO There is nothing like consumer confidence to drive a city’s performance and resourcefriendly Saskatoon is a prime example. This year Saskatoon is forecast to lead the nation with retail sales growth of 6 per cent for the second year in a row. Saskatoon’s retail boom is the result of the overall growth the province has been experiencing, with 10,000 new jobs expected in Saskatchewan this year. Over the past three years, Saskatoon has averaged a net migration growth rate of 2.7 per cent. In the last four years alone, Saskatoon has also added more than 1.8 million square feet of retail space. “This shows national and regional retailers are continuing to view Saskatoon as a viable retail market,� said Keith Webb, vice-president at Colliers Saskatoon. Saskatoon also has Canada’s tightest industrial vacancy rate, at 2.7 per cent, with an acre of industrial land selling for around $400,000. The city’s office vacancy rate is 6.6 per cent, but much tighter for prime space downtown.

Meanwhile, the residential vacancy rate is 3.4 per cent, considered relatively healthy, and the average house price is around $335,000, just slightly above the national average.

/P ,FMPXOB The 2008-09 recession that quaked B.C.’s Central Okanagan left confident Kelowna stirred but not shaken. Now the city of nearly 100,000 is getting ready to reclaim its standing as one of the hottest real estate and investment markets in Western Canada. Evidence is seen downtown where seven buildings were taken down for the construction of the $25 million mixed-use SoPa project by local developer Edgar Fenwick. SoPa, which started in the midst of the downturn, has already leased out all of its block-long groundfloor retail, which will open in 2013. Above the retail are 96 residential condominiums capped by large luxury penthouses, priced from $1.2 million to $1.3 million, and selling fast. The Chartered Accountants of BC forecasts a recovery that began in 2010 is gaining traction right across the Kelowna region. Its

*OUFSJPS #SJUJTI $PMVNCJB KAMLOOPS, BC & AREA UĂŠ Clearwater, BC – Mobile Home Park land. 15 acres plus 2.7 acres commercial, fronts on highway. Super buy !ĂŠĂŠ $279,000 UĂŠĂŠKamloops – 18,000 sq ft warehouse for lease. 7.00 per sq ft plus triple net. Has refrigeration, loading docks. Close to city centre. UĂŠĂŠClearwater, BC – Chinese restaurant land, building, Âź acre lot, equipment, liquor license, 4 bedroom suite. $274,900 UĂŠBarriere, BC – 5 unit mini mall plus full basement, hwy frontage, plus vacant lot to expandĂŠ$399,900 UĂŠĂŠKamloops – Telecommunications business for sale. Owner retiring after 14 successful years selling, installing & repairing telephone & voice mail systems, data wiring, ďŹ ber optic cable installs. $175,000 UĂŠĂŠKamloops– New ofďŹ ce retail building to be built. 3414 sq ft ideal professional ofďŹ ce in busy residential sub div. $2668 plus triple net lease UĂŠĂŠKamloops – City centre main street, retail space for lease. 946 sq ft. $1202 per month plus HST & a portion of taxes. ĂŠUĂŠĂŠKamloops – Busy city centre 180-seat restaurant. Owner wants to retire. $500,000 for business or $1,700,000 for business, building & land

Call MARVIN MATT

1-250-319-8784 ""*-ĂŠ, /9ĂŠ / °

mmatt@shaw.ca

www.realestatekamloops.ca

K E L O W N A ,

B C

9 UNIT APARTMENT BUILDING FOR SALE

➢

Located on Harvey Avenue (Hwy. 97) in Downtown Kelowna

➢

Re-development Site. OCP Supports Higher Use

➢

New Boiler Last Year, Newer Roof

$915,000 GARY BOWKER BUS. (250) TOLL FREE

763-4343 1-888-KELOWNA gbowker@coldwellbanker.ca MLSŠ10033852

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

$1,999,000

PENTICTON

LAKEFRONT PENTHOUSE WITH MOUNTAIN VIEWS AVAILABLE IMMEDIATELY

1 BDRM + DEN NEW PRICE $479,000

PENTICTON LAKEFRONT PENTHOUSE AMAZING VIEWS OF OKANAGAN LAKE & AVAILABLE IMMEDIATELY

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

OSOYOOS 10 INCOME PRODUCING LAKEFRONT RV LOTS

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

monarkinvestments.ca

604-592-7250

Financing Available. Potential Trades.

B7

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

report found the economy rebounded last year with the addition of 9,200 new jobs. The local job-growth rate of 3.7 per cent is leading the entire province. Government has helped to put a base under Kelowna’s construction economy, with close to $12 billion in institutional projects going ahead this year. Kelowna has 3,000 acres of land either zoned or set aside for industrial use under the official community plan and it may all be needed as this Okanagan powerhouse fires up.

Photo: Kevin Udahl

200,000 residents. Earlier this year Pacific Investments and Development paid $35 million for 980 acres in Fort Mac, all of it deemed for industrial and commercial land. Meanwhile, the Regional Municipality of Wood Buffalo is selling serviced industrial land for more than $1 million per acre. Add in the highest housing prices in Alberta, a tight rental vacancy rate and a new surge in oilfields invest/P 3FE %FFS ments, and Fort McMurray will be a A resurgent oil and gas sector is pushing leading centre for real estate investdemand for industrial space in Central Alberta’s ment for years to come. heartland and spurring commercial and mixeduse residential development. /P #SBOEPO Industrial is the trump card, with the vacanThe second-largest city in Manitoba, cy rate now at a tight 3.7 per cent and as low as Brandon’s economy is anchored on zero per cent in two popular business centres, the Maple Leaf Foods plant that including the Riverside Heavy Industrial Park, employs 2,200 and has attracted says a study by Soderquist Appraisals Ltd. workers from around the world. But The study found just 177 vacant land parcels it is a new pro-business attitude in for industrial in a city with 11.5 million square the city of nearly 50,000 that makes feet of leased space. Fully serviced industrial it a good real estate play. land is selling for around $270,000 per acre. New Mayor Shari Dector Hirst Retail growth is also seen in this transport- has pledged to cut red tape and lead Shane Styles of Bucci Developments with new condo centric city. This year will see retail expan- a downtown revival to draw 1,000 project in No. 2 rated Calgary. sion in the northeast sector with Melcor more people to the core. Developments Ltd.’s Clearview Market Prince George is where the airport has been Last year, housing sales hit an all-time Square that will eventually see 263,000 square high of $230 million, yet the apartment rental expanded to land the biggest cargo plans on the feet of new commercial space on a 22-acre vacancy rate is 1 per cent, tied as the lowest in planet; from where rail lines and highways radisite. ate to the ports of Prince Rupert, the northern Western Canada. Qualico Developments is starting construcConstruction is booming this year, much of coal fields, new gold mines – and into the heart tion on Southpointe Junction, 350,000 square it government related, with a newCancerCare of the United States. It is the northern hub for feet of retail development immediately west of Manitoba facility, the second-largest YMCA the recovery in B.C.’s forest industry, which is Qualico’s existing Southpointe Common proj- in Canada and a new $13 million police sta- feeding an apparently insatiable demand from ect. New retail space is leasing in the $22-to- tion. Asia for dimensional lumber. $25-per-square-foot range. The $917 million Mt. Milligan mine northThe average sale price of a Red Deer house /P 1SJODF (FPSHF west of Prince George is under development is around $300,000 and sales are up 10 per cent When Prince George was named the No. 1 city as the first major mine in B.C. in 15 years. The from 2010. in Western North America for cost competi- Dome Mountain mine project is also re-opentiveness in 2010 it didn’t surprise many in this ing. Proposed northern mine projects represent northern B.C. city that is riding a resurgence of $9 billion in capital investment, and Prince /P 'PSU .D.VSSBZ 8PPE #VGGBMP investment yet still has some of the cheapest George is the centre of the action. Fort McMurray, the anchor city for the north- real estate in the province. At 5.7 per cent, the city has an unemployment rate 3 per cent lower than the B.C. average. The ern Alberta boom centre of Wood Buffalo, has Prince George is at the crossroads of the just signed a new land deal with the province world’s two most powerful economies and is typical detached house price is $261,000, up 6 that will see enough room for industrial, com- the biggest and best-equipped city between the per cent from 2010 and far below the provincial average of nearly $590,000. mercial and residential development for up to Alberta oilfields and the Asian continent.

/P $PNPY

We include the Comox Valley – made up of Comox, Courtenay and Cumberland – on the list because of its potential as the economic centre for mid- and north Vancouver Island. “The Comox Valley represents the most affordable land prices in B.C.,� said John Evans, president of Trilogy Corp., who has launched Trilogy’s 719-acre Cayet development a t Cumberland. The plan calls for a huge shopping centre, offices, casinos, institutional space and more than 1,000 homes. Costco Wholesale also opened this year with a 146,000-square-foot store and Thrifty Foods will lead a major commercial development on a 12-acre parcel in east Courtenay. The rental vacancy rate in the Comox Valley is under 2 per cent and investors can find still condos for under $120,000. One drawback to developers in the valley is very high development cost charges (DCCs). The DCCs for industrial development in the Comox average $114,912 per acre and are north of $59,000 per acre in Courtenay. In Cumberland, the industrial DCC is $49,923 per serviced acre.

/P -BOHMFZ 5PXOTIJQ

With a population of more than 100,000 and covering 122 square miles in B.C.’s Fraser Valley, Langley Township is one of the top commercial and residential investment centres in Western Canada. Right now, Qualico is completing the $58 million, 148,000-square-foot Willoughby Shopping Centre first phase, with future plans for about 1,000 homes across the 20-acre site. A new BMW dealer has just opened in a giant auto business park, where office space sells from $400 per square foot. The first park-and-ride transit station is now under construction for Vancouver-bound commuters, and the housing market is the strongest in the Fraser Valley. In September, detached house sales in Langley shot up 51 per cent from a year earlier, and average house prices rose 9 per cent to $566,700. So far this year, 761 new homes have started in Langley Township, up 30 per cent from a year earlier.◆

*OUFSJPS #SJUJTI $PMVNCJB

KAMLOOPS, BC FOR SALE #101 - 1121 12th Street

635 Victoria Street

429 Tranquille Road

SALMON ARM, B.C. Reduced to $600,000 14 apartment condominiums to be built to complete the 38-unit Valley Vista on a two-acre sloping property. Excellent view of Shuswap Lake from one side, forest on the other. Onebedroom, 600 sq. ft., two four-plexes and a six-plex. Some suites are level entry. Can be rented. Quiet pets welcome. Modulars built by SRI Homes in Kelowna. Foundations are ready and waiting for the two four-plexes. All services and driveways are in.

SALLY SCALES sallys1@telus.net or 250-832-4831 UĂŠ-ĂŒĂ€>ĂŒ>ĂŠĂŒÂˆĂŒÂ?i`ĂŠ œ““iĂ€Vˆ>Â?ĂŠ*Ă€ÂœÂŤiĂ€ĂŒĂž UĂŠ Â˜Ă›iĂƒĂŒÂ“iÂ˜ĂŒĂŠÂœĂ€ĂŠÂœĂœÂ˜iĂ€ĂŠĂ•ĂƒiĂŠvÂœĂ€ĂŠLĂ•ĂƒÂˆÂ˜iĂƒĂƒ UĂŠĂŠ,iĂŒ>ˆÂ?ĂŠÂœĂ€ĂŠÂœvwViĂŠĂƒĂ•ÂˆĂŒ>LÂ?iĂŠvÂœĂ€ĂŠ>ĂŠĂ›>Ă€ÂˆiĂŒĂžĂŠĂŠ ÂœvĂŠĂ•ĂƒiĂ€Ăƒ UĂŠĂŠ >ÂˆÂ˜ĂŠ`ÂœÂœĂ€ĂŠ>˜`ĂŠĂƒÂˆ`iĂŠ`ÂœÂœĂ€ĂŠĂœÂˆĂŒÂ…ĂŠVÂœÂ“Â“ÂœÂ˜ĂŠ Ăœ>ĂƒÂ…Ă€ÂœÂœÂ“ĂŠ UĂŠĂŠ7iÂ?Â?ʓ>ÂˆÂ˜ĂŒ>ˆ˜i`ĂŠ>˜`ʓ>˜>}i`]ĂŠ >ĂŒĂŒĂ€>VĂŒÂˆĂ›iÂ?ÞÊwÂ˜ÂˆĂƒÂ…i` UĂŠ6>V>Â˜ĂŒĂŠ iVi“LiÀÊÓä£Ă“ $259,900

UĂŠĂŠ Ă?ViÂ?Â?iÂ˜ĂŒĂŠÂˆÂ˜Ă›iĂƒĂŒÂ“iÂ˜ĂŒĂŠÂœÂŤÂŤÂœĂ€ĂŒĂ•Â˜ÂˆĂŒĂžĂŠÂˆÂ˜ĂŠ ViÂ˜ĂŒĂ€>Â?ĂŠLĂ•ĂƒÂˆÂ˜iĂƒĂƒĂŠ`ÂˆĂƒĂŒĂ€ÂˆVĂŒĂŠÂœvĂŠ`ÂœĂœÂ˜ĂŒÂœĂœÂ˜ĂŠ >“Â?ÂœÂœÂŤĂƒ UĂŠ Ă•ÂˆÂ?`ˆ˜}ĂŠÂˆĂƒĂŠĂœiÂ?Â?ʓ>ÂˆÂ˜ĂŒ>ˆ˜i`ĂŠ UĂŠ ÂŤÂŤĂ€ÂœĂ?ˆ“>ĂŒiÂ?ÞÊ{]™ääĂŠĂƒ¾°vĂŒĂŠÂŤiÀÊyÂœÂœĂ€ UĂŠ,iÂ˜ĂŒĂƒĂŠLiÂ?ÂœĂœĂŠÂ“>ÀŽiĂŒ UĂŠ Â˜Â˜Ă•>Â?ĂŠÂˆÂ˜Vœ“iĂŠfĂˆä]äääĂŠÂ˜iĂŒĂŠ­>ÂŤÂŤĂ€ÂœĂ?ÂŽ UĂŠĂŽĂŠÂŤ>Ă€ÂŽÂˆÂ˜}ĂŠĂƒĂŒ>Â?Â?ĂƒĂŠ $925,000

UĂŠĂŠ Ă€i>ĂŒĂŠÂˆÂ˜Ă›iĂƒĂŒÂ“iÂ˜ĂŒĂŠÂœÂŤÂŤÂœĂ€ĂŒĂ•Â˜ÂˆĂŒĂžĂŠÂ?ÂœV>ĂŒi`ĂŠÂˆÂ˜ĂŠ ÂœĂ€ĂŒÂ…ĂŠ-Â…ÂœĂ€iĂŠ >“Â?ÂœÂœÂŤĂƒ UĂŠ >ÂˆÂ˜ĂŠyÂœÂœĂ€ĂŠÂœVVĂ•ÂŤÂˆi`ĂŠLÞʓi`ˆV>Â?ĂŠVÂ?ˆ˜ˆV UĂŠĂ“Â˜`ĂŠyÂœÂœĂ€ĂŠÂˆĂƒĂŠĂ›>V>Â˜ĂŒ]ĂŠĂ“]ĂˆääĂŠĂƒ¾°vĂŒĂŠ­>ÂŤÂŤĂ€ÂœĂ?ÂŽ UĂŠ*>Ă€ÂŽÂˆÂ˜}ĂŠvÂœĂ€ĂŠxĂŠĂ›i…ˆVÂ?iĂƒ UĂŠ ÕÀÀiÂ˜ĂŒĂŠÂ˜iĂŒĂŠÂˆÂ˜Vœ“iĂŠÂœvĂŠfĂŽx]ääää $899,000

BUSINESS AND INVESTMENT OPPORTUNITIES UĂŠĂŠ >Ă€}iĂŠ >V…ˆ˜iÉ7iÂ?`ˆ˜}ĂŠ-Â…ÂœÂŤĂŠâ€“ Suitable for investor or owner/operator. Includes land & buildings. fĂ“°Ă“xĂŠ ˆÂ?Â?ˆœ˜ UĂŠĂŠ ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠ iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ >˜` – 130 acres, with highway and railroad access. Reduced to $995,000 UĂŠĂŠ ÂœÂ?vĂŠ ÂœĂ•Ă€ĂƒiÉ iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ >˜`ĂŠ qĂŠ Interior 162 Acres Deluxe Residence - Club House etc. Offers toĂŠĂŠ fĂŽ°Ă“xĂŠ COMMERCIAL BUILDINGS UĂŠ >“Â?ÂœÂœÂŤĂƒ – 2 Tenants – 8.5% Cap

$450,000

UĂŠ Âœ}>Â˜ĂŠ >ÂŽi – 3 Tenants - Well Established "7ĂŠfÓǙ]äää UĂŠ >“Â?ÂœÂœÂŤĂƒ – Future Highrise expansion

f£°{ĂŠ ˆÂ?Â?ˆœ˜

UÊ >V…iÊ ÀiiŽ – Hwy Frontage – Secure Yard

Mona M. Murray Dip. ULE, RI (BC), CPM 250-372-2277 mona@mcmrealestate.ca

www.mcmrealestate.ca

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

fĂŽĂˆÂ™]äää

B8 Interior British Columbia

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

Each office is independently owned and operated.

BUILDER/DEVELOPER SPECIAL Overlooking Keremeos sits this new community K-View Estates.

R E V E L S T O K E B.C.

K-VIEW ESTATES

Commercial Building & Land $999,900

Attention

s ,EASABLE 5NITS TOTAL SQ FT

keremeoslots.com

Incredible valley views, sunny location, all underground services, zoned R-2. Location ďŹ ts all. Close to downtown 2 blocks to school and great highway access close by. Generous size lots range from .016 to .080 acres. Choose your own builder or be the builder. HST applicable. Call LS for package. 6 LOTS FOR $475,000

s UNITS LEASED 3EARS IS LEAD TENANT

REACH QUALIFIED BUYERS FOR YOUR LISTINGS

s 3TORY SOLID BUILDING s 0LENTY OF 0OTENTIAL

JOHN GREEN KARRIE WILTSE

Revelstoke Realty www.revelstoke-realty.com TODD ARTHURS 250-837-5121 todd@revelstoke-realty.com

250-492-2266 www.teamgreen.ca

Agents:

s OF AN ACRE RIGHT DOWNTOWN

%ACH OFl CE IS INDEPENDENTLY OWNED AND OPERTATED

Penticton Realty

OKANAGAN OPPORTUNITIES Acreages

Investment Properties

Court Ordered Sales

UÊÊǙÇ{ĂŠ-ˆÂ?Ă›iÀÊ-ĂŒ>ÀÊ,Âœ>`]ĂŠ6iĂ€Â˜ÂœÂ˜ĂŠÂ‡ĂŠ{äĂŠ>VĂ€iĂƒĂŠ ĂœÂˆĂŒÂ…ĂŠ>ÂŤÂŤĂ€ÂœĂ›>Â?ĂŠvÂœĂ€ĂŠĂƒĂ•L`ÂˆĂ›ÂˆĂƒÂˆÂœÂ˜ĂŠÂˆÂ˜ĂŒÂœĂŠĂ‡ĂŠiĂƒĂŒ>ĂŒiĂŠ Â?ÂœĂŒĂƒĂŠ ĂœÂˆĂŒÂ…ĂŠ ÂŤ>Â˜ÂœĂ€>“ˆVĂŠ Â?>ÂŽi]ĂŠ VÂˆĂŒĂžĂŠ >˜`ĂŠ Ă›>Â?Â?iÞÊ Ă›ÂˆiĂœĂƒ

UÊÊÇÊ Â?ÂœĂŒĂŠ Ă€iĂƒÂˆ`iÂ˜ĂŒÂˆ>Â?ĂŠ ĂƒĂ•L`ÂˆĂ›ÂˆĂƒÂˆÂœÂ˜ĂŠ ­,Ă“ĂŠ ‡Ê Ă•ÂŤÂ?iĂ?ĂŠ ✘ˆ˜}ÂŽĂŠ ÂˆÂ˜ĂŠ 7iĂƒĂŒĂŠ iÂ?ÂœĂœÂ˜>ĂŠ ĂœÂˆĂŒÂ…ĂŠ Â?>ÂŽiĂŠ Ă›ÂˆiĂœĂƒĂŠ ˜i>ÀÊ ÂˆĂƒĂƒÂˆÂœÂ˜ĂŠ ˆÂ?Â?ĂŠ7ˆ˜iÀÞ UĂŠĂŠ ÂœĂ•ĂŒÂˆÂľĂ•iĂŠ >ÂŤ>Ă€ĂŒÂ“iÂ˜ĂŒĂŠ Â…ÂœĂŒiÂ?\ĂŠ £äĂŠ vĂ•Ă€Â˜ÂˆĂƒÂ…i`ĂŠ ĂƒĂŒĂ•`ÂˆÂœĂŠ ĂƒĂ•ÂˆĂŒiĂƒĂŠ ³Ê >ĂŠ ĂŽĂŠ L`À“Ê ÂŤiÂ˜ĂŒÂ…ÂœĂ•ĂƒiĂŠ ÂˆÂ˜ĂŠ ĂƒÂœĂ•}Â…ĂŒĂŠ >vĂŒiÀÊ ÂœĂœiÀÊ ÂˆĂƒĂƒÂˆÂœÂ˜]ĂŠ iÂ?ÂœĂœÂ˜>]ĂŠ L>VŽˆ˜}ĂŠ ÂœÂ˜ĂŒÂœĂŠ ÂˆĂƒĂƒÂˆÂœÂ˜ĂŠ Ă€iiÂŽĂŠ ÂœvviĂ€ÂˆÂ˜}ĂŠ LÂœ>ĂŒĂŠ Â“ÂœÂœĂ€>}iĂŠ >˜`ĂŠ i>ĂƒĂžĂŠ >VViĂƒĂƒĂŠ ĂŒÂœĂŠ "ÂŽ>˜>}>Â˜ĂŠ >ÂŽiĂŠ­-iÂ?Â?iÀʓ>ĂžĂŠÂŤĂ€ÂœĂ›Âˆ`iĂŠw˜>˜Vˆ˜}ÂŽ

UĂŠĂŠĂˆĂ‡änĂŠ i˜˜iÀÊ-ĂŒĂ€iiĂŒ]ĂŠ-Փ“iĂ€Â?>˜`ʇÊxĂˆĂŠ>VĂ€iĂƒĂŠ ÂœvĂŠ ĂƒÂœĂ•ĂŒÂ…ĂŠ v>Vˆ˜}ĂŠ ĂƒÂ?ÂœÂŤiĂŠ ÂœvviĂ€ÂˆÂ˜}ĂŠ ÂŤ>Â˜ÂœĂ€>“ˆVĂŠ "ÂŽ>˜>}>Â˜ĂŠÂ?>ÂŽiĂŠ>˜`ĂŠĂ›>Â?Â?iĂžĂŠĂ›ÂˆiĂœĂƒ°ĂŠ*iĂ€viVĂŒĂŠvÂœĂ€ĂŠ>ĂŠ ÂŤĂ€ÂˆĂ›>ĂŒiĂŠiĂƒĂŒ>ĂŒiĂŠĂœÂˆĂŒÂ…ĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠĂ›ÂˆÂ˜iĂž>Ă€`ĂŠ>Ă€i>Ăƒ°

UÊÊ£Ç{äĂŠ "ĂŠ,Âœ>`]ĂŠ iÂ?ÂœĂœÂ˜>ʇÊ£äĂŠ>VĂ€iĂŠÂŤ>Ă€ViÂ?ĂŠ ÂœvĂŠ ,ĂŠÂ?>˜`ĂŠÂˆÂ˜ĂŠViÂ˜ĂŒĂ€>Â?ĂŠÂ?ÂœV>ĂŒÂˆÂœÂ˜ĂŠÂœÂ˜ĂŠĂ•ÂŤ}Ă€>`i`ĂŠ Ă€Âœ>`ĂŠĂœÂˆĂŒÂ…ĂŠĂƒÂˆÂ˜}Â?iĂŠv>“ˆÂ?ÞÊ`ĂœiÂ?Â?ˆ˜}ĂŠ>˜`ĂŠ>VĂŒÂˆĂ›iĂŠ v>Ă€Â“ĂŠĂƒĂŒ>ĂŒĂ•Ăƒ

Tim Down ]ĂŠ*°ĂŠ ÂŤÂŤ]ĂŠ ]ĂŠ, ­ ÂŽ "Professionalism You Can Trust"

The HEIDI LUSSI Real Estate Team

MLSÂŽ

UĂŠĂŠxĂ“Ă“xĂŠ ˆ}Â…Ăœ>ÞʙÇÊ ]ĂŠ iÂ?ÂœĂœÂ˜>ʇÊÎÊ>VĂ€iĂƒĂŠĂœÂˆĂŒÂ…ĂŠ {ĂˆÂ™ĂŠ viiĂŒĂŠ ÂœvĂŠ vĂ€ÂœÂ˜ĂŒ>}i]ĂŠ ˜œ˜‡ ,ĂŠ Â?>˜`ĂŠ ˜i>ÀÊ iÂ?ÂœĂœÂ˜>ĂŠ Â˜ĂŒiĂ€Â˜>ĂŒÂˆÂœÂ˜>Â?ĂŠ ÂˆĂ€ÂŤÂœĂ€ĂŒĂŠ>˜`ĂŠ1 " UĂŠĂŠx™{{]ĂŠx™{nĂŠEĂŠxÂ™ĂˆnĂŠ ˆ}Â…Ăœ>ÞʙÇÊ-]ĂŠ*i>VÂ…Â?>˜`ĂŠ ‡Ê ĂŽ°äÇÊ >VĂ€iĂƒĂŠ ÂœvĂŠ ÂŤĂ€ÂˆÂ“iĂŠ …ˆ}Â…Ăœ>ÞÊ `iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ Â?>˜`ĂŠ>VĂ€ÂœĂƒĂƒĂŠvĂ€ÂœÂ“ĂŠ"ÂŽ>˜>}>Â˜ĂŠ >ÂŽi

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

call Gary

Takahashi

toll-free: 1-800-661-6988 tel: (604)

669-8500 or fax: (604) 669-2154 gtakahashi@westerninvestor.com

LIVE, WORK & PLAY IN THE BEAUTIFUL NORTH OKANAGAN

'REAT )NVESTMENT /PPORTUNITIES

Call us today for all your real estate needs! s (OMES #ONDOS s (OMES ON !CREAGE s (ORSE (OBBY FARMS s 7ATERFRONT PROPERTIES s 2ECREATIONAL PROPERTIES s #OMMERCIAL PROPERTIES

Deutsche Beratung

s "ARE LAND MORE

Heidi Lussi Personal Real Estate Corporation

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

s PLEX IN GREAT LOCATION IN NEED OF ATTENTION s BED UNITS BED UNITS BACHELOR UNITS s #LOSE TO SCHOOL FAIR GROUNDS SHOPPING s "UILD YOUR EQUITY RESIDUAL INCOME s +HST

s ACRES W SHOW HOME OLDER HOME s #ITY APPROVED FOR 2 2 # ZONING s 0ROPOSED RESIDENTIAL UNIT DEVELOPMENT s #LOSE TO ALL AMENITIES LAKE s (34

Toll Free: 1-800-667-2040 Bus: 250-503-3487 Email: heidi@heidilussi.com

HeidiLussi.com

Each office is independently owned and operated.

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

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

Interior British Columbia B9

THE WAY JASON WORKS:

BE COMFORTABLE OWNING THE RISK.

JASON MCLEAN President and CEO, McLean Group of Companies

BUSINESS BANKING IS ABOUT A SHARED PERSPECTIVE. At Canadian Western Bank, we see the world the same way as our customers. As a result, we take the time to understand your industry and provide banking solutions suited to your business needs. Discover insights and learn more at theworkingbank.ca.

B10 Interior British Columbia

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

Do you have a

VOJRVF QSPQFSUZ Advertise your listings in our special

)05 1301&35*&4 feature

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

Recreational Real Estate ADVERTISING FEATURE:

• Limited spaces • 4-colour ads • Special rates

Lance Coulson 604 662 5141 | lance.coulson@cbre.com Michael Deighton 604 662 5156 | michael.deighton@cbre.com

$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."

■

■

"The Western Investor is the best

commercial real estate paper out there." ■

"We purchase the paper every month and

haven't found the right thing yet, but your paper is an asset to us in our search." ■

❏ One Year ..................$42 ❏ Two years ................$75

"It’s easy to go through. It is straightfor-

ward."

Name Title Company Address

❏ Three years ............$105 City Prov Postal code

Bill my:

"I like the cross-section of information in

the paper. it informs (me) about all locations. I like to see vacancy rates and the cap rates on industrial property. I like to read the legal consequences articles. I have been a reader for 15 years." ■

SUBSCRIPTION RATES

"I think you have a fantastic news and

information paper. Keep it up." ■

4VCTDSJCF ❏ Visa ❏ American Express ❏ MasterCard ❏ Cheque enclosed

Phone

Fax E-mail

Credit Card No. Expiry Signature

FAX BACK TO 604-669-2154

Èä{ ÈÈ nxääÊUÊ£ nää ÈÈ£ È nn advertise@westerninvestor.com

Tax included

subscribe@westerninvestor.com

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

$0..&3$*"- 3&"- &45"5& '3"/$)*4&4 "/% #64*/&44 0110356/*5*&4

B11

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

FEATURE Edmonton retail entrepreneur takes a cue from the condo conversion craze with retail format

FRANK O’BRIEN WESTERN INVESTOR f it can work in residential, why not in retail? That was the question that an Edmonton realtor and entrepreneur wanted to find the answer to.

*

In Alberta’s capital city, small fortunes have been made buying old apartment buildings, converting them to condominiums and then selling the suites to investors and even to former tenants. Ed Deprato thought a similar strategy would work for retail strip malls in a city where the retail vacancy rate is a tight 2.4 per cent and is expected to fall even further this year. In regional malls, the vacancy rate is already at 1.1 per cent, according to a mid-year survey by Cushman & Wakefield. Deprato’s idea was to purchase an existing small shopping centre and then sell the bays, rather than lease them out. The concept is fairly rare in Alberta: it is known as “strata commercial” in B.C. or “separate title commercial” in Alberta. “Right now, the best investment in Edmonton is small commercial buildings in B locations and strip malls with a cap rate of from 6 per cent to 8 per cent,” Deprato told Western Investor. Plus, he noted, “You don’t have the expenses or hassles associated with residential rentals.” Most retail tenants, he explained, sign up for five-year leases or longer and they, not the landlord, are responsible for finishing the space to their own use. Deprato’s idea: buy an existing strip mall in a good location with solid “mom and pop”-type tenants and then sell the retail bays to the existing tenants or investors.

He found an ideal small mall, the 17-bay Edmonton Home Fair in northwest Edmonton on a major street, where the $14.4 million purchase price penciled out. When Deprato received a pledge for $10 million in financing from the Federal Business Development Bank (FBDB), he signed on to buy the mall, putting up $250,000 of his own cash. A few weeks later, after Deprato had sold a number of the storefronts, the FBDB financing fell through when management at the lender changed. “I was dead in the water,” he said. Not one to give up, Deprato then worked out a take-back mortgage with the mall’s Vancouver-based vendor. “I paid $100,000 in interest for $10 million,” he said, “but it was worth it.” Now, with 15 of the 17 retail bays sold at from $215 to $315 per square foot, most of the debt is paid off and Deprato and his investors stand to make a $3 million profit.

$IBMMFOHFT Some realtors doubt, though, that there is deep demand from smaller investors in the commercial strata market, because the high prices for commercial property make it difficult to achieve positive cash flow. As well, unlike a residential unit, it can take months, not days, to lease out an office or retail space if a tenant vacates, especially if it is unique space, such as bank branch. As Deprato noted: “The banks always leave the vaults, which are expensive to remove.” Also, financing for strata commercial can be difficult to access. Lenders often require a down payment of from 30 per cent to 40 per cent. On a $500,000 commercial strata, for example, an investor would have to put about $150,000

“Right now, the best investment in Edmonton is small commercial buildings.”

Photo: Deprato & Associates

4USBUB TUSJQT

space as providing steady, longterm income from leases, not the quick cash of strata sales, which will likely keep strata sales a niche opportunity for small investors in strip centres and small regional malls, analysts say. There are very good reasons why there is not a lot of strata commercial space available according to Matt Walker, senior associate at Avison Young in Vancouver, who has recently sold 50,000 square feet of high-end office space in Vancouver to a group of doctors. “There is not a deep market of buyers,” Walker said. Most retail tenants, he said, like the flexibility offered by leasing and “would rather spend the money on their business than on bricks and mortar.”

-FBTJOH DIFBQFS

Also, Walker said, a cost analysis of buying versus renting often favours leasing, even with the potential of equity returns. “The net rent is less under a lease than Ed Deprato: selling rather than leasing retail space buying,” he said. makes sense, and money. Still Deprato says his experience down, and also pay for an appraisal, building is evidence that investors can make money with inspections, loan fees and other costs. commercial stratas, and he noted some tenants of his mall bought their space when the oppor5BY JNQMJDBUJPOT tunity arose. There are also tax issues to consider, which And increase it will, according to Avison offer an edge to leases. Young, which notes that the Alberta capital Businesses routinely can deduct the full is among the leaders in retail sales in Canada: amount they pay in rent. Owners of rental “The low unemployment rate in the city, at 5.5 property can write off repairs immediately, but per cent, means that consumers have money improvements to commercial real estate have to spend.” to be deducted over a number of years, the Following his success with the Edmonton same with depreciation on commercial build- Home Fair strip mall, Deprato said he is now ings. The buyer can deduct interest on the pur- eyeing the purchase of another small retail cenchase loan, property taxes and other qualifying tre in south Edmonton: a five-bay centre listed expenses, however. at $4 million. Buy as one leasing agent put it: “It is hard to His advice to retail investors: stay away from make money buying at $300 to $500 a foot and downtown Edmonton and look at high-traffic renting for $25 a foot.” locations in the suburbs, where capitalization Most large retail developers see commercial rates above 7 per cent are normal.◆

*OUFSJPS #SJUJTI $PMVNCJB

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: • What was sold or leased? • Who was the vendor (if possible)? • Who was the buyer/tenant? • If the name of the buyer is confidential, please tell what type of buyer

(i.e., REIT, institutional, local investor, foreign investor, owner/builder) • Who was the listing agent/agency? • What was the selling price?

Please forward this information directly to: Frank O’Brien, Western Investor Editor at wieditor@biv.com. www.westerninvestor.com 1-800-661-6988

B12 Northern British Columbia

! () # & " # $ !& & & 0 ) %% % & +&% 0 &% ! ! 4?@0??52 % *& & 4<><0555 ! ! 8>55 2 2 % $ + * % ! %0 " % & * "

* ! $ + * ! . % / & % + &%% $ & $& 6= , 2 & & * & +% 1 &% ) & 2 462<@ %1 % 2 % & & $ &+% % 1 % 2 0 %& & + % 2 ! 4655( & %& : & 0 &%% # & % ! ! % # &" 0 <5 "* , 0 $ $& 6= & 2 & % % + % 0 &+% ! 3 % &% 0 = * 1 %0 +0 & & 0 0 ! & 0 :: &* 0 9 %&" &+ 0 9?2< & & *& % $ 2

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

+ # #" @ $ 8 + * & & - 2 &! " 2 % * % &% 2 & 2 ' & *& + +% 2 " 46><0555255 ?2> & ) & & & 1 0 " 7 2 + ** &% 2 $ ?5 & 2 % 2 1 ! ! ! & ) +& %& 2 & 0 82>6 & 2 & & " 680=55 2 2 % " $0 &% ! #" # 8 + % 0 @:0555 2 2 6528? & +% & % & 2 2 *& & "& &!& %&+% 2

' :6 & * + % * & " 2 #&* 4?:@05552 ' 6?0=55 $& 6 & 4609550555 % & ; 4<2<5 1?2> & &%

4=0=550555 128= & * % &* % + & &% 46=605552 ' 668 & % 460:@50555 ' <0655 2 2 &% + % 82?8 & 4606550555 % & 4? ' 655 & & & + $ 1 $ 4=:0@552 ' 862: & $ &*& ! $ 489@05552 ' :5 & $ * + % 46=@0555 ' :5 &%% ' & " $ ) ! * 0 4?<50555

— Your PRINCE GEORGE Commercial Professionals — Lot #1 Atwood Rd.

4350 Handlen Rd – ‘Court Ordered Sale’ 5,525 sq ft concrete block building on .99 Acres. Zoned C-6.

LAND FOR SALE – Proposed new subdivision. 17 – 4 Acre+ high quality rural residential lots. 78.8 Acres total. Within 14km of the Westgate Shopping Plaza.

1440 – 2nd Ave.

9080 Penn Rd.

Extremely well maintained quality 5,386 sq ft OFFICE building. Vacant possession 2012.

FOR LEASE – 25,660 sq ft quality warehouse located in the Danson Industrial Park.

5083 & 5111 Domano Blvd.

1108 Boundary Rd.

FOR LEASE – Prime College Heights RETAIL/OFFICE space. Visually desirable location. Net Lease.

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

9368 Milwaukee Way

9543 & 9565 Anzac Cres.

FOR SALE - 31,640 sq ft major fabricating/ manufacturing facility (28’ ceilings). Located on 3.74 Acres, fenced yard, cranes, quality ofďŹ ces.

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

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

'Grower Direct' BUSINESS FOR SALE – High volume franchise ower shop.

REDUCED

9543 & 9565 Anzac Cres.

1921 Upland St.

LAND FOR SALE – 1.88 Acres. Zoned M-2. Industrial lots, cleared, level & serviced.

FOR SALE – Exceptional 12 unit apartment building. Good location, well maintained property. 8% Cap Rate.

2977 Ferry Ave.

Westwood Dr.

FOR SALE - 0.8 Acres on corner of Ferry Ave. & Ospika Blvd. C-6 zoning.

FOR LEASE – Prime RETAIL & professional OFFICE space. High trafďŹ c area, visual exposure, parking and much more. Net Lease.

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

GEORGE Weinand

250-960-9556

KEN Goss

250-565-7653

THINK REAL ESTATE...The Best Investment on Earth

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

DAWSON

CREEK

www.dawsoncreekrealestate.ca

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

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

RE/MAX DAWSON CREEK REALTY 1-888-214-5871 DAWSON CREEK COMMERCIAL EXPERTS #132673 - In the centre of the City close to the traffic circle on Alaska Highway...1.55 acres of flat land with all new services to the property and bordered by 8th street and the paved roadway to the new apartment building. Excellent location, commercially zoned, will builld to suit. $290,000 #129953 - RETAIL BUILDING Great location on 10th St over 3,000 sq ft on main and additional 3,000 sq ft on second floor, located next to Scotia Bank. Ground floor now leased out to only video rental company in Dawson Creek. Asking price of $375,000

Northern British Columbia B13 Cluculz Lake

235 ACRES

Prince George, BC

DEVELOPMENT LAND

Located in the thriving northern community of Fort St John, BC. Can be sold in smaller parcels. Great highway exposure. Bordering city with flexible zoning options from Commercial/Industrial to MultiResidential and more.

#130083 - Prime location on Alaska Ave. in Dawson Creek - close to all retail and downtown and still on main artery through the City. Total of 17,000 sq. ft. of new space and can be divided into whatever you need. Popular new restaurant now open, lots of parking.

Ideal for rec/res development Zoned for subdivision - not in the ALR Easy access from Hwy 16 W & East Bay Rd 26 acres, 2 titles, approx 1450’ of lakefront $295,000 55 acres, 3 titles, approx 1650’ of lakefront $495,000

KEVIN PEARSON 1-250-787-6737

Elaine Kienzle 250

kevin@kevinpearson.ca ENERGY REALTY

563-8769

www.elainekienzle.com

Country in the City – Cranbrook Hill

Willmann Road Future Road

#131706 - INVESTOR ALERT! New condo asking $219,000 leased out to an oilfield company for $2.500 month. This 2 bedroom with den unit comes with 6 appliances and is furnished, total of 1856 sq ft with full unfinished basement. #131876,

130050,

131875

-

HIGHWAY

COMMERCIAL/INDUSTRIAL LAND Situated across from the EnCana event centre, Chances casino and new Holiday Inn this is a very desirable location. Total of three lots each approx 4.5 acres each, excellent visibility and access. Priced at $450,000 - $500,000 each 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 $16.00 per sq ft to lease.

#129952 - FOR SALE OR LEASE Multi purpose building with 2 units now leased leaving 11,000 sq ft. available. Upgrades include updated roof and furnaces Asking price is just $397,000 #130029 RETAIL STOREFRONT on 102nd Ave. for sale, 3500 sq. ft on a corner location, paved parking, good visibility can be used for offi ce, retail, or your own small business. Owner will consider leasing as well. Reduced to $119,000 as is #130010 - WELDING / MACHINE SHOP for sale Includes 12’ door, 13’ ceilings, 3 phase power, 23o Volt/400 amp service. Gravel yard, 100 sq. ft. offi ce with shower & bathroom. Fire hydrant, 2 overhead cranes. $220,000 #129257: THE SOUTH PEACE UNITED CHURCH IS FOR SALE. OVER 11,000 SQ. FT. - Sanctuary, hall, kitchen, offi ces, and support services. Excellent corner location, zoned commercial, very good condition, ready for an offi ce or residential conversion. $495,000 #133401 -BUSINESS OPPORTUNITY located on the east side of Dawson Creek. Belsum Auto Recyclers Ltd has a proven track record and shows a good return. Includes 6.5 acres of prime industrial land on Hwy #49, a heated main shop with 3200 sq.ft. and an adjoining 2400 sq. ft. building used for stripping vehicles. Lots of inventory, and equipment includes 3 forklifts and a skid steer. Asking $1,200,000 for the land, buildings, and turnkey business with inventory.

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

#133128: 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. Strip mall is 10,000 sq. ft. and is also for sale.

L A N D

Prince George, BC 15 minutes to Downtown 10 minutes to UNBC 80 acres including road allowances

Recreational Trails 15 Individual Titles $9,600 per acre

w4cattle@gmail.com

250-613-9018

NORTHEAST BC REALTY Ltd. Phone 250 785 4115

“Investing Our Energy In The North” Located at 10220 101 Avenue Fort St John BC V1J 2B5 www.NEBCRealty.com

F: 250 785 4120

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

FOR SALE FORMER CARE HOME POUCE COUPE BC

#129877: ONE ACRE OF MULTIPLE RESIDENTIAL LAND suitable for 37 unit apartment or condo complex. Across from the hospital in a prime residential area of Dawson Creek. $179,000 #127836: SUBDIVISION FOR MOBILE HOMES! Total of 39 mobile lots are possible on this 4.6 acres, zoning in place, some services are already in, 3 lots have been subdivided. Call for more info. Asking $300,000

WILL BUILD TO SUIT - AIRPORT ONE ACRE LOTS Developer has 3 one acre lots in a row at the airport with highway frontage...will build a 5000 - 7,000 sq, ft. pre-engineered steel shop, provide a graveled and fenced yard with a 5 year lease starting at $ 14.00 per sq. ft. for the shell. Also willing to build and sell to tenant. One lot now leased and sold. Only 2 left!

DEVELOPMENT PROPERTY

17,000+sf on main floor plus 10,000+sf developed basement on 2.9+ acres. Comprehensive Development (CD1) zoning would allow for development of health services facility, hotel, private school, office, mixed commercial/retail, seniors housing, multiͲ family dwelling and more.

The property is located next to a senior’s long term facility and a commercial mix of retail, lodging and service station. The building is estimated to have been built in 1967 with additions and remodeling occurring in the late 80’s. The current design is specific for a care home with 23 rooms, large solarium with gas fireplace, housekeeping/admin space on main floor and admin, commercial style kitchen, maintenance, boiler room, storage, partial walk out basement.

Call Ron to arrange all viewings. This property is being sold in ‘as is’ condition. ASKING $799,500

MLS® N4505060

FORT. ST. JOHN LOCATION, LOCATION!

#129635: RESIDENTIAL DEVELOPMENT LANDS, one parcel of 25 acres on the north west edge of Dawson Creek for sale, superb location for residential homes, the timing is right as we need more residential lots for our busy market place. Asking $625,000

Subject Property 80 acres, 15 titles

A RARE FIND! 10433 - 269 Rd

10123 - 100th Street A prime downtown location, right on 100th Street, just under 2500 square feet divided into 2 separate retail spaces, both sides currently leased $299,900

#127066: LOCATION, LOCATION, LOCATION 0.74 acres at the intersection of 17 Street and Alaska Highway. Ideal location for strip mall, service station, etc. $295,000

MLS# N4504949

#127441: 80 ACRES OF INDUSTRIAL LAND with highway frontage, railway tracks, water and sewer in the City of Dawson Creek. Asking $31,250 per acre

2835 square ft shop is heated & insulated, 2 - 12 foot doors. Only a few blocks to Alaska Highway, NO city services. C3 zoning, 0.894 of an acre

7000 sf building offers 1000 sf of office/reception & 6000 sf of shop space ,4-16’ O/H doors & 1-14’ O/H door, 17’ ceiling, 200 amp service, just under 1 acre of land. $869,000 - MLS# N4504751

OPPORTUNITY KNOCKING!

SHOP IN CITY LIMITS! 10215 - Beaver Rd

$235,000 - MLS# N4504755

INVESTMENT GEM!

1-800-661-6988

8224 - 93rd Street 1050 sq ft of offi ce w/ hardwood fl oors. Front reception & display area & the shop with 3 bays, 1 is drive through/wash bay. Radiant heat, mezzanine area, 14’ overhead doors. Fenced compound all on city services.

$879,000 - MLS# N4504836

INVESTORS ALERT! 10016 - 106th Street Currently Leased at $3,000/mo gross. 3200 sq. ft. building with 4 offices, 2 baths + 2 bay shop

4717 - 51 St., Chetwynd Fully occupied w/consisted ROI to the owner. Contains established businesses & a fully furnished 2 bdrm apart. Torch on roof in 1999 & new fire system in Jan. 2011.

$1,200,000 - MLS# N4504915

$329,900 - MLS# N4504196

KATHY MILLERCURTIS ROBINSON

www.westerninvestor.com

PERSONAL REAL ESTATE CORPORATION

Remax Action Realty 1991 Inc.

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

The Power Of Partnership!

B14 Recreational Real Estate HOT PROPERTIES

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

RECREATION FEATURE Rock-bottom U.S. real estate fails to draw some recreational buyers out of B.C.

5VTDPO 5PGJOP UPTTVQ

#VZFST BQQSPWF 4FDIFMU QSPKFDU

H

omebuyers and investors have spoken and approved the waterfront Watermark at Sechelt condominium project on the Sunshine Coast. Developer Ian Porter said construction started in October after buyers bought up 40 per cent of the homes, above what Porter needed in pre-sales to secure financing for the project. Final delivery of suites in phase 1 is expected for December 2012, Porter said. With 104 residential suites ranging in size from 649 to 1,977 square feet, the suites are priced from $368 per square foot, considered near the top of the local market. “We appreciate very much the support we have received from the community for this project,� Porter said. “While the construction stage will provide a meaningful boost to the local economy, it will hopefully act as a catalyst for further economic growth and development.� Some locals had doubts the Watermark would reach the critical mass needed to proceed. Housing sales on the Sunshine Coast dropped by 10 per cent in the first eight months of this year, compared with 2010, and the typical MLS housing price remains down 4.4 per cent from three years ago, according to the Real Estate Board of Greater Vancouver.

BAILA LAZARUS WESTERN INVESTOR espite a real estate market at rockbottom prices, the U.S. doesn’t always draw Canadians looking to invest in a second or vacation home, and a big reason is the better chance of appreciation in B.C.

In Tofino, for instance, prices dropped only by a few percentage points since 2008, and are now, characteristically, climbing again. “You could buy [an oceanfront] lot for $35,000 in ’74,� said Thomas Olsen, who has been visiting the west coast of Vancouver Island for decades. “Now, the same lot would go for $2 million.� And he sees future potential. Olsen, of Moss Development, is building the Shore, a mixed-use, concrete-and-steel Tofino waterfront property with 24 luxury residential and seven commercial units. It is expected to complete with a 6,400-square-foot multi-use restaurant and marina by the spring of 2012. The Shore started in 2004 as Olsen’s master’s in business thesis on the best options for development of an old BC Packers plant on the site where the Shore now stands. Olsen saw the potential for a residential project, although at the time he was just looking at the options for a second home for himself, not developing it as recreational real estate. He soon saw the value of building what he calls second homes, rather than vacation properties. “A second home will be bigger and have more amenities like closet space,� he explained. Olsen connected with Eleven-Eleven architects Mark Burkart and Walker McKinley.

(ABOVE) A new dockside facility will include a restaurant, marina, fitness centre and watercraft storage. (RIGHT) Overlooking Clayoquot Sound, every Shore suite has a large patio.

They went through years of negotiations with changing city councils, mayors and city planners and consulted with First Nations groups, the Department of Fisheries and several archaeologists before proceeding with construction. According to Olsen, approximately $12 million worth of real estate sells in Tofino annually. In the first batch of pre-sales in 2007, the Shore brought in $15 million. Of that amount, Olsen closed on all but two sales, he said. Despite the success, Olsen admits he misread the market. “We were originally targeting an older buyer – in the 55-plus range, empty nesters,� he said. “The majority of purchasers are 35 to 45.� Chris and Gerry McNalley of Calgary were two of the early buyers. The McNalleys bought a 900-square-foot, one-bedroom after

YOUR RETREAT IN THE BEAUTIFUL

Comox Valley

Photos: Moss Development

%

looking at detached homes in Arizona. “We did consider buying in the States and looked in the Phoenix area but decided against it, preferring somewhere where we could have many varied activities,� said McNalley. “The Shore is both a vacation home and a second home and we spend as much time there as possible yearround.� The Shore includes 24 water-view residential suites. The six units still available range from an 862-square-foot one-bedroom for $525,000 to a 1,953-square-foot two-bed, two-bath penthouse for $1.39 million. Additionally, there are seven street-front strata commercial units, of

which three are sold. The development will offer a dockside restaurant and multi-purpose facility that includes a fitness area and storage for kayaks, surfboards and other watercraft. A new marina will have 32 new boat slips, according to Olsen.â—†

NEW WATERFRONT DEVELOPMENT on the BULKLEY RIVER

Priced to sell at $835,000!

UĂŠ iĂœĂŠÂľĂ•>Â?ÂˆĂŒĂžĂŠVÂœÂ˜ĂƒĂŒĂ€Ă•VĂŒÂˆÂœÂ˜ĂŠ ĂœÂˆĂŒÂ…ĂŠ œ“iĂŠ"ĂœÂ˜iÀÊ*Ă€ÂœĂŒiVĂŒÂˆÂœÂ˜ĂŠ

$290,000 Country Estate with a beautifully crafted spacious 4000 sq.ft.log home on 3.6 of an acre. Priced to sell at $835,000! For more information go to: MLS # 323950 at www.realtor.ca or contact Brett Hall at 250 465 0060. Comox Valley

D IVO R C E F IR E S A L E We have $180,000 equity in this Osoyoos lakeview serviced land. Need mortgage paid out only! Call

eves (250) 497 5689

or

hormes@shaw.ca

UĂŠ -ˆ˜}Â?iĂŠ>ĂŒĂŒ>VÂ…i`ĂŠÂŤ>Ă€ÂŽÂˆÂ˜}ĂŠ>˜`ĂŠÂ?ÂœĂœĂŠÂ“>ÂˆÂ˜ĂŒi˜>˜ViĂŠ UĂŠ ĂŽĂŠLi`Ă€ÂœÂœÂ“]ĂŠĂŽĂŠL>ĂŒÂ…Ă€ÂœÂœÂ“Ăƒ]ĂŠÂŤ>ĂŒÂˆÂœĂŠ>˜`ĂŠ`iVÂŽĂŠ

UĂŠ ÂœĂœĂŠ-ĂŒĂ€>ĂŒ>ĂŠviiĂƒĂŠ>˜`ĂŠvĂ•Â?Â?ĂŠ Â“Ă•Â˜ÂˆVÂˆÂŤ>Â?ĂŠĂƒiĂ€Ă›ÂˆViĂƒ UĂŠ -œ“iĂŠÂœvĂŠĂŒÂ…iĂŠLiĂƒĂŒĂŠwĂŠĂƒÂ…ÂˆÂ˜}ĂŠÂˆÂ˜ĂŠ ĂŠ>ĂŒĂŠĂžÂœĂ•Ă€ĂŠ`ÂœÂœĂ€ĂƒĂŒi°ĂŠ

LEO LUBBERS Cell 250-847-1292 OfďŹ ce 250-847-5999 Bulkley Valley Fax 250-847-9039 Email: lubbers@realestatesmithers.com Info/video available at www.realestatesmithers.com

FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.

UĂŠ7iÂ?Â?ĂŠiĂƒĂŒ>LÂ?ÂˆĂƒÂ…i` UĂŠ `Â?œˆ˜ˆ˜}ĂŠ£ää½ĂŠĂ?ĂŠÂŁxä½ĂŠÂ?ÂœĂŒ UĂŠ*Ă€iĂƒiÂ˜ĂŒÂ?ĂžĂŠĂ“ĂŠĂƒĂŒÂœĂ€ivĂ€ÂœÂ˜ĂŒĂŠĂ€iÂ˜ĂŒ>Â?ĂŠÂˆÂ˜Vœ“i UĂŠ7ÂœĂ•Â?`ĂŠÂ?ˆŽiĂŠĂŒÂœĂŠĂƒiÂ?Â?ĂŠÂŤ>VÂŽ>}iĂŠ`i>Â?

>Â?Â?ĂŠvÂœĂ€ĂŠÂ“ÂœĂ€iĂŠÂˆÂ˜vÂœĂ€Â“>ĂŒÂˆÂœÂ˜]ĂŠ

Gerri SaundersĂŠJĂŠ(250) 632-2107ĂŠÂœĂ€ĂŠ(250) 632-6638

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com sss

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

WEST COAST VANCOUVER ISLAND OCEANFRONT

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

AGAMEMNON CHANNEL NELSON ISLAND

FRASER VALLEY HOBBY FARM

UÊ £xäÊ>VÀiÃÊÜ Ì Êv Àià ÀiÊ i>Ãi UÊ £]Î£Ó½Ê >ÃÌÊv>V }Ê Vi> vÀ Ì UÊ -i iVÌ Ûi ÞÊ }}i`ÊVÀi>Ì }Ê}Ài>ÌÊ iÌÜ À Ê vÊÀ >`à UÊ Õ iÀ ÕÃÊLÕ ` }Êà Ìià UÊ < }Ê >ÞÊ> ÜʣΠ£äÊ>VÀiÊ Ìà UÊ $999,950

UÊ xÊÕÃ>L iÊ>VÀiÃÊÜ Ì Ê>Ê}i Ì iÊà «i UÊ ià À>L iÊ- ÕÌ Ê > } iÞÊ V>Ì UÊ " `iÀÊVÕÃÌ ÊLÕ ÌÊ i UÊ 6iÀÞÊ«À Û>ÌiÊEÊ«i>VivÕ UÊ 7 `iÀvÕ ÊLÕ ` }Êà Ìi UÊ ÊÌ iÊ i>ÀÌÊ vÊ ÀÃiÊV Õ ÌÀÞ UÊ $729,000

2ICH /SBORNE RICH LANDQUEST COM

2ICH /SBORNE RICH LANDQUEST COM

$OUG $YER DOUG LANDQUEST COM

10 ACRES ON LITTLE GOOSE LAKE, ANAHIM LAKE, BC

RECREATIONAL WATERFRONT LOTS BURNS LAKE - NORTHWEST BC

UÊ ä°È{Ê vÊ> Ê>VÀi]ÊÎää½Ê Vi> vÀ Ì UÊ *À Û>ÌiÊ`ii«ÊÜ>ÌiÀÊ À>}iÊ UÊ * iÀ]ÊÀ> «ÊEÊ£ä½ÊÝÊnä½Ê` V UÊ À Ü Êv Àià ÀiÊ i>Ãi UÊÈÊL`À Ê > Ê ÕÃi]Ê}ÕiÃÌÊV ÌÌ>}iÊà ii«ÃÊÈ UÊ - «]Ê ÌÊÌÕL]Ê Þ`À ]Ê« i]Ê`À i`ÊÜi Ê UÊ $549,000Ê

UÊ ÎÊLi`À Ê }Ê iÊi V «>ÃÃi`ÊLÞÊ

À Ü Ê > ` UÊ Ê i } L ÀÃÊv ÀÊ ià UÊ ÓÊÃÌ À>}iÊà i`ÃÊv ÀÊÀiVÀi>Ì > ÊÌ Þà UÊ `` Ì > Ê «Ì ÃÊ>Û> >L iÊÊ UÊ -ÕL ÌÊÞ ÕÀÊ"vviÀÊÌ `>ÞtÊÊ$189,000 2ON 3VISDAHL /" Ê , Ê1-855-267-2591ÊÊRON LANDQUEST COM

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

UÊ ,> }iÊ Êà âiÃ\Ê£° nÊÌ Ê£ä°ÈÊ>VÀiÃÊ UÊ *À ViÃÊÀ> }iÊvÀ Êfx{] ääÊÌ ÊfÈ ]xää UÊ >ÌÊ>VViÃÃÊ Ê ÊÃiÀÛ Vià UÊ -ÕL ` Û Ã Ê ÃÊV « iÌiÊ $ENIS $ORE DENIS LANDQUEST COM

PARKLANDS AT DENMAN ISLAND PORT BROWNING MARINA RESORT SOUTHERN GULF ISLANDS COURT ORDERED SALE

UÊ -Õ ÞÊ Ã > `Ê>VÀi>}ià UÊ Ý«> à ÛiÊ Õ Ì> Ê> `Ê Vi> ÊÛ iÜà UÊ 6>À i`Êv ÀiÃÌ>Ì Ê vÊv À]Ê« iÊEÊ>ÀLÕÌÕà UÊ xÊÌ Ê{nÊ>VÀiÃÊÜ Ì Ê«À Û>VÞ UÊ `ÊÃ> `Êv ÌiÀi`ÊÜ>ÌiÀ UÊ Þ`À ÊÌ Ê«À «iÀÌÞÊ i]ÊÜi ÃÊEÊ`À ÛiÜ>ÞÃÊ UÊ vv À`>L ÞÊ«À Vi`ÊvÀ Ê$225,000

UÊ -iÀ ÕÃÊ iÛi « i ÌÊ* Ìi Ì > UÊ >À >Ê,ià ÀÌÊÜÉÊiÝVi i ÌÊV>à Êv Ü UÊ >LÕ ÕÃÊ*i `iÀÊ Ã > `Ê V>Ì UÊ x°ÎÎÊ>VÀiÃÊ ÜÊL> Ê Vi> vÀ Ì UÊ >À >]ÊÀiÃÌ>ÕÀ> ÌÊEÊ«ÕL UÊ Óä½Ê Vi> vÀ Ì]Êv Àià ÀiÊ i>Ãi UÊ $4,800,000

BABINE NORLAKES STEELHEAD CAMP

Èä{ ÈÈ{ ÇÈÎäÊUÊ£ nÈÈ xxn Ê­xÓÈή 67 ACRES WATERFRONT RETREAT

PEACEFUL 1 BEDROOM CABIN HAGENSBORG (BELLA COOLA)

UÊ £ÉÓÊ iÊ vÊà Ài iÊ Ê/>`Ê > i UÊ 6iÀÞÊ«À Û>ÌiÊÃiÌÌ } UÊ À`iÀ }Ê À Ü Ê > ` UÊ i Vi`]ÊÌÀii`ÊEÊLi>ÕÌ vÕ UÊ +Õ> ÌÞÊ }Ê iÊ UÊ /À « iÊ}>À>}iÊEÊ ÕÌLÕ ` }à UÊ $725,000

UÊ ÓÊ«À Û>ÌiÊ«>ÀÌ > ÞÊÌÀii`Ê>VÀiÃÊ ÌÊ ÊÌ iÊ v `Ê« > °Ê Õ« iÃÊÀiÌÀi>ÌÊLÕ ÌÊ ÊÓääÈÊ UÊ V Õ`iÃÊf£ ] xäÊ vÊvÕÀ ÌÕÀi]Ê>«« > ViÃ]Ê Ì Ã]ÊiÌV° UÊ Ó{½Ê viÌ iÀÊ"Vi> Ê6iÃÃi Ê>Û> >L iÊv ÀÊ >`` Ì > Êfnä]äääÊ UÊ Ê9"1,Ê" ,ÊÊ$159,500

+ONRAD - 3CHMID -EIL KONRAD LANDQUEST COM

/" Ê , Ê1-855-267-2591ÊÊRON LANDQUEST COM

FISHING CHARTER/RESTAURANT/PUB BC’S QUEEN CHARLOTTE ISLANDS

PUB AND STEAKHOUSE QUESNEL, BC

2ON 3VISDAHL

UÊ *À v Ì>L iÊÌÕÀ Ê iÞÊÜ À `ÊV >ÃÃÊi ÌiÊv à }Ê LÕà iÃÃÊ Ê >L iÊ, ÛiÀ UÊ ÈÓäÊV >Ãà v i`ÊÀ `Ê`>ÞÃÊ UÊ >ÌÊ>VViÃà UÊ } ÊÀ>Ì ÊÀi«i>ÌÊV i Ìi i UÊ > ÊV> «Ê³ÊÃ>Ìi ÌiÊV> « UÊ $1,600,000Ê

UÊ , } ÌÊ Ê >ÃÃiÌÊ Ê À« ÀÌ]Ê v }Ê> Ê i>ÀLÞ UÊ Õ ÞÊ,i Û>Ìi`Ê,iÃÌ>ÕÀ> ÌÉ«ÕLÊ ÊÓÊÃÌ ÀiÞÊ LÕ ` } UÊ Ã }ÊV >ÀÌiÀÊLÕðÊÓÎ½Ê >Þ iÀÊ->À>Ì }>Ê UÊ {ÊiÝÌÀ>Ê ÌÃÊv ÀÊLÕà iÃÃÊiÝ«> Ã Ê UÊ * > ÃÊv ÀÊÇÊÕ ÌÊ Ìi Ê>Û> >L i UÊ/ÕÀ iÞ°Ê ÕÃÌÊ ÛiÊ ÊEÊÌ> iÊ ÛiÀ°Ê$450,000Ê

$ENIS $ORE DENIS LANDQUEST COM

"RIAN (ARRIS BRIAN LANDQUEST COM

"RIAN (ARRIS BRIAN LANDQUEST COM

153 ACRES SLOCAN, BC

10.43 ACRES NELSON, BC

LAKEFRONT LOT BLOW OUT KOOTENAY LAKE VILLAGE

UÊ -ÌÕ }Ê vvÊ}À `ÊÜ `iÀ iÃÃÊ«À «iÀÌÞ UÊ ` >Vi ÌÊÌ Ê6> > >Ê*À Û V > Ê*>À UÊ -Ìii ÊLÀ `}iÊ ÛiÀÊVÀii ÊÌ ÊÃiÛiÀ> ÊL `}°Ê à ÌiðÊ/Ü ÊÞi>ÀÊÀ Õ `ÊVÀii à UÊ 8V Õ ÌÀÞ]ÊÃ Ü L iÊEÊ }Ê>ÌÊÞ ÕÀÊ ` À°Ê Õ Ì }ÊEÊv à }Ê Ê- V> ÊEÊ ÌÌ iÊ - V> Ê > iÃÊÊ$298,000

UÊ £äÊ ÕÌiÃÊvÀ ÊÌ Ü Ê UÊ Ài>ÌÊ Ìi >ÞÊ, ÛiÀÊÛ iÜÃÊ UÊ -«À }Êvi`ÊÜ>ÌiÀÊÃÕ«« ÞÊEÊ« ÜiÀÊ>ÌÊ ÌÊ UÊ - > ÊÓÊLi`À ÊV>L Êv ÀÊÀiÛi ÕiÊ ÀÊ >VV `>Ì ÊÜ iÊLÕ ` }Ê UÊ Ý ÃÌ }ÊLÕ ` }Êà ÌiÃÊ UÊ $274,900

UÊ Õ ÊÌÕÀ iÞÊ «iÀ>Ì UÊ / Ì> ÊÃi>Ì }Ê Ã `iÊEÊ ÕÌÊrÊÓÇä UÊ ÃÌ À VÊ-Ìi> ÕÃiÊLÕ ÌÊ£ ÎÓ UÊ / Ì> Ê£ä]äääÊõÊvÌÊLÕ ` } UÊ Ài>ÌÊÛ iÜÃÊ vÊ+Õià i ÊEÊ À>ÃiÀÊ, ÛiÀ UÊ *>Ûi`Ê«>À }Ê Ê > `ÃV>«i`Ê Ì UÊ $1,390,000

UÊ V>Ìi`ÊÎxÊ ÊÌ Ê i à ]Ê

UÊ Õ ÞÊÃiÀÛ Vi`Ê ÜÊL> ÊÜ>ÌiÀvÀ ÌÊ Ìà UÊ ÝÌi à ÛiÊÌÀ> ÊÃÞÃÌi Êv ÀÊÀiVÀi>Ì UÊ -> iÊ ÌÃÊà `Êv ÀÊ ÛiÀÊfÈää Ê ÊÓään UÊ ÊviÜÊ«À iÊ ÌÃÊÀi > UÊ À Ê$269,000Ê

$AVE #OCHLAN DAVE LANDQUEST COM

$AVE #OCHLAN DAVE LANDQUEST COM

,ARRY ,AING LARRY LANDQUEST COM

,ARRY ,AING LARRY LANDQUEST COM

-ATT #AMERON MATT LANDQUEST COM

2 LAKEFRONT CABINS NAKUSP, BC

LOG HOME AND ACREAGE TA TA CREEK

DEVELOPMENT ACREAGE 35 KM TO NELSON

NORWOOD RANCH COURTENAY

NEW PRICES - THE POINT DENMAN ISLAND

UÊ iÃÃÊÌ > Ê{Ê ÀÃÊÌ Ê > }>ÀÞÊ UÊ Ó]xääÊõÊvÌÊ }Ê iÊÜ Ì Ê« UÊ £ÎÈÊ>VÀiÃÊÜ Ì ÊÎxÊ>VÀiÃÊ Ê >ÞÊEÊÈäÊ>VÀiÃÊ Ê«>ÃÌÕÀi UÊ Ê iÌÀiÊ vÊÀ ÛiÀvÀ ÌÊ UÊ *À Û>ÌiÊ£]nääÊvÌÊ> ÀÊÃÌÀ « UÊ $1,295,000Ê

UÊ £xÊ ÌÊ > iÊÛ iÜÊ« >ÃiÊ Ê Ìi >ÞÊ > iÊ 6 >}i°Ê Õ ÌÞÊÜ>ÌiÀÊEÊÃiÜiÀÊ Ê« >Vi UÊ , >`ÃÊÀ Õ} i`Ê ]Ê`À ÛiÜ>ÞÊEÊ iÊà ÌiÃÊ «Ài«>Ài`Ê UÊ -ÌÀ }ÊÃ> iÃÊ ÃÌ ÀÞÊ Ê ÛiÀ>}iÊÃ> iÊ«À ViÊ Ê£ÎÊà >ÀÊ ÌÃÊ Ê >ÌiÊÓäänÊ Êf£ £]äää UÊ $35,000ÊÉÊ ÌÊ­Ó Ê ÌîÊ

3AM (ODSON SAM LANDQUEST COM

3AM (ODSON SAM LANDQUEST COM

+URT .IELSEN KURT LANDQUEST COM

+URT .IELSEN KURT LANDQUEST COM

1939 HERITAGE BOUTIQUE HOTEL - POWELL RIVER, BC

FRASER VALLEY ACREAGE SALMON RIVER, LANGLEY

150 MILE HOUSE RANCHER ON PRIVATE ACREAGE

BRIDGE LAKE WATERFRONT

UÊ /Ü ÊV>L ÃÊ ÊÃ> iÊ Ì UÊ >V ÊV>L Ê >ÃÊ£ÊL`À ÊÉÊ£ÊL>Ì UÊ ,i Ì> ÃÊ> Üi`ÊÜ Ì Êâ } UÊ `i> Êv ÀÊÌÜ Êv> iÃÊÌ Êà >Ài UÊ ii«ÊÜ>ÌiÀÊ À>}iÊ UÊ ViÊLi>V Ê UÊ $385,000 -ATT #AMERON MATT LANDQUEST COM

JERVIS INLET

UÊ £äÊ ÕÌiÃÊvÀ Ê` Ü Ì Ü Ê ÕÀÌi >ÞÊ UÊ È{°ÓÇÊ>VÀiÃÊ Ê ÃÌ ÞÊ Ê«>ÃÌÕÀiÊ UÊ ÀÃiÊL >À` }Ê ÊÓxÊÃÌ> ÃÊ UÊ -iÛiÀ> ÊÀi Ì> ÊÕ Ìà UÊ *>À ÊEÊ/Ã Õ Ê, ÛiÀÊ>VÀ ÃÃÊÌ iÊÃÌÀiiÌÊ UÊ Õ}iÊL>À ÊEÊÀ `i Ê>Ài >Ê UÊ i}i `>ÀÞʺ >À Ê > ViûÊÊ $995,000Ê

UÊ ià } iÀÊÛ iÞ>À`ÉÜ iÀÞÊ>VÀi>}iÊ­£{Î>V®Ê UÊxÊ Ê >À}iÊÜ>ÌiÀvÀ ÌÊ>VÀi>}iÃÊ­xÊÌ Ê£xÊ>V®Ê UÊ6iÀÞÊ«À Û>ÌiÊ UÊ-Õ Þ]ÊÜ>À Ê V>Ì Ê UÊ1 `iÀ}À Õ `Ê« ÜiÀÊ UÊ-ÌÕ }ÊÛ iÜÃÊEÊ Vi ÞÊÌÀii`Ê UÊ À Ê$325,000

REDUCED

UÊ £]ÎääÊ>VÀiÃ]ÊÈ°{nÊ ÃÊ vÊ Vi> vÀ Ì UÊ ÎÊÌ Ì iÃÊ vÊ > `]ÊÓÊ Àià ÀiÊ Vi Ãià UÊ ,1ÓÊâ }Ê«iÀ ÌÃÊ£äÊ>VÀiÊ Õ ÊÊ «>ÀVi Êà âià UÊ - } v V> ÌÊÌ LiÀÊV « i Ì UÊ iÝÌÊÌ ÊÜ À `Ê > ÕÃÊ*À ViÃÃÊ Õ Ã>Ê iÌ UÊ $3,750,000

UÊ £ Î Ê iÀ Ì>}iÊ ÕÌ µÕiÊ Ìi Ê UÊ ÊÀ Ã]Ê ii«iÀÃÊÀià `i Vi]ÊÀiÃÌ>ÕÀ> ÌÊ UÊ V>Ìi`Ê ÊÌ iÊ ÞÊ`ià } >Ìi`Ê >Ì > Ê iÀ Ì>}iÊ ÃÌÀ VÌÊ Ê7iÃÌiÀ Ê > >`> UÊ *iÀviVÌÊ viÃÌÞ iÊ «« ÀÌÕ ÌÞÊ Ê iÊ vÊ ½ÃÊ v iÃÌÊV Õ Ì ià UÊ ÜÊ$519,000

*ASON :ROBACK *AMIE :ROBACK

*ASON :ROBACK *AMIE :ROBACK

UÊ £°£{Ê>VÀiÊV À iÀÊ«À «iÀÌÞ UÊ >À}iÊÃ «ÊÜÉÊÓÊLi`À ÊÀiÛi Õi UÊ {ÊLi`À ]ÊÎÊL>Ì UÊ >ÌÊ«À «iÀÌÞÊÜ Ì ÊÓÊ>VViÃÃiÃÊ UÊ $849,900 Ê

+EN (UNTER KEN LANDQUEST COM

UÊ ÝiVÕÌ ÛiÊ iÊ ÛiÀÊÎ]äääÊõÊvÌ UÊ *À Û>ÌiÊÎÈÊ>VÀiÃÊÜ Ì ÊÓÊÌ Ì ià UÊ ÕÀÀi Ì ÞÊLi }ÊÕÌ âi`Ê>ÃÊ ÊEÊ UÊ Õ}iÊà «Êv ÀÊ >` UÊ -iÛiÀ> Ê ÕÌLÕ ` }ÃÊv ÀÊÞ ÕÀÊVÀ ÌÌiÀà UÊ ÈÈÊÝÊ£{]ÊÓääÈÊÀi Ì> Ê L iÊ UÊ $1,295,000Ê (EATHER AND -IKE $ILLON HEATHERANDMIKE LANDQUEST COM

UÊ - ÕÌ Êv>V }ÊÌ ÀiiÊ , Ê }Ê i UÊ "ÛiÀÊÓÊ>VÀiÃÊ vÊÕÃ>L iÊ > ` UÊ ÓÇäÊviiÌÊ vʵÕ> ÌÞÊÜ>ÌiÀvÀ Ì UÊ $649,000

#ARSON $ORWARD CARSON LANDQUEST COM

B16 Alberta

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

CAPITALIZE

ON EXPERIENCE BARCLAY STREET REAL ESTATE INVESTMENT OPPORTUNITIES FROM

PRICE REDUCED

FOR SALE

INDUSTRIAL/FOOD PROCESSING FACILITY

PRICE REDUCED

FOR SALE

INDUSTRIAL/FOOD PROCESSING FACILITY

35,381 SQ. FT., SITE - 1.23 ACRES

53,233 SQ. FT., SITE - 3.62 ACRES

4043 Brandon Street SE, Calgary, Alberta

4211 13A Street SE, Calgary, Alberta

s #OOLING STORAGE REFRIGERATED processing area (140 ton) s 7ASTE WATER TREATMENT on-site s $IRECT INTERIOR CONNECTION TO VersaCold storage facility s &ENCED PARKING 02)#%

s BLAST FREEZERS EXTENSIVE cooling storage, refrigerated processing area (64 ton) s 7ASTE WATER TREATMENT on-site s &ENCED YARD AND PARKING 02)#%

For more information or to view, please contact: GREG ALBRIGHT galbright@barclaystreet.com

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

P f: 403-262-1314

P f: 403-262-1314

galbright@barclaystreet.com

WAGON WHEEL INDUSTRIAL

Township Road 264

566

QEII McDonald Lake

QEII FOR SALE 30-SUITE BUILDING

DISTRIBUTION FACILITY

FOR SALE 11817 22 ST. WEST Saskatoon, Saskatchewan

This 30-suite, multi-family apartment IS IDEALLY LOCATED ALONG MAJOR transportation routes and is within close PROXIMITY TO MAJOR AMENITIES SUCH AS St. Paul’s Hospital and numerous banks, grocery stores and retail outlets. The building has been renovated from top to bottom. For more information or to view, please contact: EARL ADELMAN eadelman@barclaystreet.com

DEVELOPMENT LAND

Âą 160 ACRE SITE High Plains Industrial, Alberta

WAGON WHEEL INDUSTRIAL

566

FOR SALE DEVELOPMENT LAND

Âą 160 ACRE SITE "ALZAC %AST !LBERTA

s !DJACENT TO 2ANGE 2OAD ONE HALF mile south of Highway 566. Located within minutes of the Cross-Iron Mills 2ETAIL AND #OMMERCIAL HUB 22 is paved and runs along the west boundary of the land. s ,OCATED WITHIN THE (IGH 0LAINS Industrial development area immediately north of the new Target Distribution centre.

s ,OCATED SOUTHEAST OF THE INTERSECTION OF 2ANGE 2OAD AND 4OWNSHIP 2OAD 264. s ,OCATED WITHIN THE "ALZAC %AST !REA Structure Plan. Described within the "ALZAC %AST !30 AS h!GRICULTURAL UNTIL transition to residential in a series of orderly, planned, properly serviced, and market driven stages.�

For more information or to view, please contact:

For more information or to view, please contact:

C F

DOUG GRINDE

DOUG GRINDE

DAVID WALLACH

dgrinde@barclaystreet.com

dgrinde@barclaystreet.com

dwallach@barclaystreet.com

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

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

COMMERCIAL REAL ESTATE

SOLUTIONS

Office, Retail, Industrial

Land, Investment

SALES AND LEASING

SALES

Property Management

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

WWW.BARCLAYSTREET.COM

B17

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

REGIONAL ROUNDUP 110-acre redevelopment spurs historic town into a fast-paced, big-boxed future

$PDISBOF¤T OFX WJTJPO WESTERN INVESTOR

0

ne might forgive Cochrane officials these days if it feels like they’re working on a massive jigsaw puz-

zle.

That’s because the western-themed community of about 16,000 residents 20 kilometres northwest of Calgary is looking at major changes ahead. While some of those changes are centred on ongoing new residential developments like those in a handful of Calgary bedroom communities, Cochrane’s focus is arguably more on its core these days – specifically its historic downtown and the development/redevelopment potential to the immediate south. The centrepiece of that redevelopment potential is known as the Domtar site, which occupies about 110 acres of land south of the CP Rail main line that slices through the heart of this community along the Bow River. Domtar used to produce treated rail ties for CP Rail right in Cochrane. Now the site, which is under the control of Edmonton-based Springwood Land Corp., is almost ready for redevelopment. “They expect to be finished with the remediation later this fall, and then the report has to go to Alberta Environment for approval before any development can start,” explained Laurie Drukier, a communications adviser for the Town of Cochrane. While the winter won’t be a busy time for infrastructure work on the project, planning officials will continue to work with Springwood on a concept for the site, with subdivision plans and development applications likely in the months ahead.

It’s widely believed Wal-Mart will anchor the site, in part because Springwood has been developing Wal-Mart-centred projects in Western Canada’s secondary markets for more than a decade. After a lengthy debate back in 2007, the town opened its arms to big-box stores at the Domtar site. While the town’s downtown area redevelopment plan has a provision limiting box stores to roughly 50,000 square feet, town council specifically addressed the Domtar site with a land-use bylaw amendment that allows a store as large as 200,000 square feet only on that site. That’s large enough for a Wal-Mart super-centre, if the retail giant is so inclined.

Photos: Town of Cochrane

DAVE HUSDAL

(TOP) Cochrane’s western-themed downtown: lifting ban on big-box stores could affect local business. (LEFT) “Men of vision” statue overlooking Cochrane Ranch Historic Site symbolizes the town’s past and signals a new vision for its future.

)JHIXBZ VQHSBEF

Complicating redevelopment to the south of the historic downtown area are plans for redevelopment of the Highway 1A corridor on the north edge of downtown. Alberta Transportation has included twinning and reconstruction of 4.7 kilometres of the highway in its three-year plan, but has yet to award contracts of the project. The highway is the main traffic artery connecting Calgary and Cochrane (it becomes Crowchild Trail in the city), and it carries thousands of commuters to and from the community each day. That means it provides not only a way for retail dollars to leave the community, but also a way for Calgarians to head west on a Saturday or Sunday afternoon. Greater retail development in Cochrane is seen not only as something that might keep more Cochrane residents shopping locally, but also as a potential draw for small businesses in the historic section of downtown. Just when the $13.1 million highway twinning work starts will influence how the town

redevelops connections to the highway and the Domtar site, notes Drukier. Factor in a busy railway line that must be crossed, and the province’s plans to twin the north-south Highway 22 bridge over the rail line, and you have no shortage of variables to work around. Another one is the town’s own financial war chest, which isn’t exceedingly flush, thanks in part to a commercial tax base that hasn’t grown much with Cochrane. It makes up only 13.1 per cent of the base. While the town envisions $129 million in major capital projects in the next 10 years, the timing of those projects might best be described as flexible. It hasn’t identified firm start dates for the planned $29 million aquatic centre, a $22 million arts centre, a $15 million RCMP station or a $17 million bridge over the Bow River. The last item would provide alternative access to various planned or existing residential

subdivisions high above the town centre on the south side of the Bow. The only bridge spanning the Bow now is on Highway 22, making in-town commutes a challenge at times. Cochrane officials understand transportation is a big issue – both within the sprawling community and between Cochrane and Calgary. To that end, the town’s 10-year financial plan also envisions $27 million in capital spending for transit, something that has raised more than a few eyebrows locally. While the province has committed up to $6.1 million in GreenTRIP transit funding for Cochrane buses, a transit terminal and maintenance facility, the grant cash amounts to less than one-quarter of what the town might spend. For now, just how to phase in transit remains to be decided. But some type of system is expected to push forward sooner or later.

Please see New business page B18

"MCFSUB

CROWFOOT CROSSING INDUSTRIAL PARK

fort mcmurray

Paintearth Economic Partnership Society The Power of the Future is Here Today • 77 ACRES of PRIME Industrial Lots • FULLY Serviced • CENTRALLY Located on the ONLY designated High/ Wide Load Corridor from the US to the Oilsands! • LOTS designed to suit your needs • STARTING at $70,000/Acre

WHY PAY THOUSANDS PER ACRE MORE?

edmonton

36

SAVE $$$ and still reap the rewards of being in the heart of oil country! Contact us today to find out how we can assist in expanding your business in the County of Paintearth

red deer

calgary

north bound

403-882-3211 or 1-888-882-3156 peps@paintearth.ab.ca www.paintearth.ab.ca

Crowfoot Crossing- Remembering Our Past, Building Our Future • www.crowfootcrossing-countypaintearth.ca

B18 Alberta

(3&"5 */7&45.&/5 0110356/*5: 1JODIFS $SFFL "# 5IJT IJHIMZ WJTJCMF VOJU NPUFM XJUI CFESPPN NBOBHFST TVJUF

VOJU NPCJMF IPNF QBSL DBO CF QVSDIBTFE JOEJWJEVBMMZ PS BT B CVOEMF (SFBU SFWFOVF BOE JOWFTUNFOU QPUFOUJBM $BMM GPS EFUBJMT

Dennis Myers

Call 403-627-7493 • villager@shaw.ca THE VILLAGER REAL ESTATE CO. 403-627-1919

Commercial, Industrial & Residential Financing

Obtaining Mortgages and Loans can be made Easy & Simple!

Contact: Frank Hickey

P (403) 290-1990 F (403) 269-1853

/&8 #64*/&44 from B17 Noted Cochrane communications manager Emily Cargan: “It’s not a question of if we’re going to have transit. It’s a question of when.� One of Cochrane’s suburban rivals, Airdrie, already has a transit system to go with a growing industrial base.

*OEVTUSJBM QSJDFZ

The latter makes people like longtime local realtor Deborah MacIsaac just a little envious. MacIsaac, a Cochrane booster, laments how much-larger Airdrie has scooped up businesses that simply can’t find affordable and needed industrial land in Cochrane. What is available comes with a price tag of more than $1 million per serviced acre, according to MacIsaac. The few industrial buildings that are available lease for as much as $16 per square foot. “We just don’t have industrial in this town,� said MacIsaac. As for the price of industrial land, she offers an observation that might surprise some. “We’ve always been higher than Calgary for the 15 years that I’ve been doing commercial.� MacIsaac says there would be fewer commuters (almost 30 per cent of the population works outside town) if there were more available and affordable parcels on which to locate industrial shops in Cochrane. Cochrane’s tax rate for non-commercial assessment is comparable to those for Airdrie and surrounding Rocky View County, and

LIST

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

frank@concordmortgage.ca

1-800-661-6988

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

t

Single and multi-family residential developments

t

Commercial, industrial and retail developments

t

Refinancing / acquisitions

t

Construction / land servicing

t

Bridge loans

t

Income producing properties

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

a little over half of Calgary’s rate. While it’s higher than the comparable Canmore rate, the reality is you get more land, building and house in Cochrane than you do for the same dollar in Canmore to the west. Entrepreneurs looking to set up shop in Cochrane can expect to spend $25 to $28 per square foot, plus common costs, for new commercial retail space, said MacIsaac, with older downtown properties priced closer to $15 per square foot annually.

2VJDL GBDUT Airdrie

â—?

567

567 2

âœŞ COCHRANE 1A

CALGARY

8

)PVTJOH

Cochrane’s average single-family house price is in the $425,000 range, and condos with $10,000 in credits toward adventure gear and memberships can be had for less than $200,000. Certainly there’s demand for new homes in Cochrane, though MacIsaac notes the number of resale listings is higher these days, with roughly 260 on the local market in August. Building permit totals hit $93.7 million for 2009, then reached $101.4 million in 2010. That figure included almost $52 million in new single-family homes and $14.5 million in the multi-family sector. Total permits for 2011 amounted to $56 million for the first eight months of the current year, with only $1.05 million in commercial and industrial permits going through as the community faces a lull. That’s evident not only in the development sector, but downtown, says MacIsaac. “I see [lease] deals being cut to keep people in there right now, just because of the economy.

2

22X

Okotoks â—?

$PDISBOF "# Population 15,424 Commuters who work outside town 30 per cent Median price of single-family house $425,000 Projected capital cost for transit service $27 million Retail lease rates $15 to $16 downtown; $25 to $28 for newer malls Acre of industrial land $1 million

It’s very flat out there right now.� On the upside, MacIssac, who first lamented big-box development in Cochrane, now sees what will happen with the Domtar site as something that can help the historic downtown by keeping dollars in Cochrane and attracting more shoppers from outside the town.◆

CURRENT OFFERINGS • A Superb 103 Room Limited Service Hotel, featuring a number of unique features, no differed maintenance, plus excellent curb appeal and exposure, well located in a region of tremendous economic diversity that should provide a signiďŹ cant degree of operational upside going forward. Asking $13,200,000. • A Flagged 90 Room Limited Service Hotel with main artery exposure in a bustling city, excellent revenues and occupancies. Priced to Sell at $12,900,000. • A Flagged 95 Room Limited Service Hotel consisting of a variety of suites, well located with highway exposure and surrounded by a substantial number of conveniences, continued superb revenue performances that yield substantial N.O.I. that ultimately result in excellent return on equity and investment. Asking $13,900,000. • A Flagged Full Service Hotel, well located with highway exposure in a very diverse economic area, attested to by its continuously strong revenue performances; further, it currently has exceptionally good mortgage ďŹ nancing that may be assumed. The up-side potential of an investment is this Hotel is very good. Asking $29,000,000. • A Flagged 48 Room Limited Service Hotel featuring indoor Swimming pool among its other amenities, very well located on a service road that gives it highway exposure, outstanding Revenue/ occupancy performances. Asking $4,900,000. • 4.6 Acres of Vacant Prime Commercial Land available for immediate Development in a most sought after location with main artery exposure and very high daily vehicle trafďŹ c count, priced for immediate sale at an asking price of $4,100,000. • 148.41 ACRES (more or less) with highway exposure, ideally suited for imminent development. An excellent by at $2,999,000. • Located in a very popular Ski Resort ANew Deluxe 2 - Bedroom Condo consisting of 2 bathrooms, ďŹ replace, cable among the many other superb Features, plus the many amenities such as swimming pool, sauna, ďŹ tness center, indoor parking to name a few within the Building Complex. Immediate possession available, a great buy with cash to an existing mortgage of $330,900 more or less, at the Asking Price of $499,000.

VISIT OUR WEBSITE AT: www.calgaryland.net

.0#*-& )0.& 1"3, .05&1*/$)&3 $3&&,

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

$"-("3: "3&" %&7&-01.&/5 -"/%4 EAST CALGARY - 84 ST. SE 98 Acres near Stoney Trail $15.6 Million ROCKY MOUNTAIN HOUSE Golf Course, Campground and Development Land. 303 Acres, Zoned Recreational $3.79 Million ROCKY VIEW 160 Acres on Country Hills Boulevard $5.6 Million EAST CALGARY - 17TH AVE SE 160 Acres near Stoney Trail $20 Million EAST CALGARY RY - 844 St. NE near Stoney 160 Acres ne ear Sto oney Trail Trai $32 M Million illion EAST CALGARY - 17 Ave SE 13.52 Acres Stoney Trail Frontage $6.76 Million CHESTERMERE - SIERRA VISTA Single & Multi Family, Retail, Golf Course, Area Structure Plan. 5-7 Units Per Acre 53 Acres - $6.9 Million 88 Acres - $10.2 Million 140 Acres - $18.2 Million 160 Acres - $20.7 Million

KEVIN MOORE (403) 617-2846 XXX DBMHBSZMBOE OFU

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

Alberta B19

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

CENTRAL ALBERTA

51 ROOM MOTEL – Approx., 2 hrs SE of Calgary. All rooms in very good condition, many recently renovated. Over $700,000 on upgrades over the past 8 years. Turnkey operation. Busy location. $1.6M COUNTRY HOTEL – 1 hr east of Calgary. tavern licensd for 70, patio for 30, 3 vlt's, cafe (30 seat). 5 rental rooms and 1 BR manager's suite. Turnkey operation. $250,000.

Businesses, Investments, Sales and Lease Information

15 ROOM MOTEL – 3 buildings, room for expansion, located on highway to Waterton Park. Good Gross - $545,000

Lori Green • 403-804-3002 REALTY EXECUTIVES PARTNERS or

Visit www.advantagecommercial.ca

or call

MOTELS & HOTELS

≼PROVOST Brand new 44 unit motel. Asking $4.5M ≼CAMROSE 20 unit motel,D(nice NMaG& Pa operation) upgraded PENand veryI clean, Asking $1.1M. ≼HARDISTY New 44 unit Motel. ≼ NAMPA, ALBERTAin busy boom town, 16 unit

≼ FULL SERVICES63 Unit Motel with Rest., Pub,

≼

≼

Liquor Store. Shows excellent Rev. Ask $7.7M

OTHER INVESTMENTS

≼DAYSLAND Convenience store and Gas Bar.,

motel, 100 seat lounge, VLTs, liquor store and restaurant. PRICE REDUCED TO $990,000! CAMROSE ALBERTA68 room, full services Hotel. REDUCED - NOW $4.0M.

Mechanical shop, all located on a 1.5 acre parcel with residence. Shows good revenue. Asking $375,000. CAMROSE, AB2 Side by Side, newer 4 plexes. Fully leased. Asking $560,000 each

SOLD

FOR MORE INFORMATION CALL OREST:

SYLVAN LAKE DEVELOPMENT LAND

780-679-8353 FAX: 780-672-1897 CAMROSE, ALBERTA

1/2 Mile South of Cochrane Town Limit

160ACRES+/-

• 1.42 acres of prime multi-family • Development Permit available

Karen Barry* 403.589.5599 karen@barrycommercial.com www.barrycommercial.com Commercial Propertyshop Inc. Brokerage

DISCOVER REALTY

ALBERTA IS AGAIN MOVING!

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

• 131 acres - 6 phased mixed use • Area Structure Plan approved

J.R. (Jack) Reeves • 403-230-1811

403-346-6655

FOR SALE

DISCOVERY PLAINS OLDS, AB

HOTELS & MOTELS

Near new Cochrane High School

$2,985,000 Vendor will carry on OAC

Wayne Woo

DISCOVER REAL ESTATE LTD • CALGARY

403•861•8668

*BROKER

Rocky Mountain House, AB • FOR LEASE - 3600 sqft Commercial Retail Building • Corner lot with high exposure • Ideal for oil/gas industry suppliers or Safety Training and Sales • Great opportunity for new business or expansion

CALL IRWIN @ 403-844-1581 OR JAN @ 403-844-6849

BUSINESS FOR SALE!

INDUSTRIAL LAND w/BUILDING FOR SALE

Asking $2,532,500 - Ponoka, Alberta

SOLD SOLD SOLD

11.55 acres, 8 individual lots with a 5000 sf unďŹ nished panelized structure on Lot #10 (Lot #10 - 15 are 6 contiguous lots; Lots 19 & 20 are 2 contiguous lots) Located at 49th Street and 60th Avenue in the north Industrial Park within the town limits. Site is provided with all municipal services, and a railway spur connection to the main CPR line between Calgary and Edmonton. Recent rail crossing was completed by town of Ponoka. Excellent manufacturing site or stage area for Oil Sands or other Northern Industrial projects. Lots are for sale individually or as a whole parcel. Owner may sell entire parcel within the Corporation with tax loss advantage to purchaser. MLS# C1019384, C1019385, C1019387, C1019388, C1019389, C1019390, C1019391 and C1019392

Mary Yuen-Sears, Realtor SUTTON GROUP - CANWEST #1, 555 Hawkwood Blvd NW, Calgary, AB T3G 3K2 Cell: 403-616-3636 • Fax: 403-592-6912 Email: mary@calgarytagteam.com • www.calgarytagteam.com

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

Email: Commercial@prutp.com to Receive Our Current Calgary Apartment Report!

8 0 8 B U B 8I

# FbWo [ l _ B Ă„ Meha hi je ^Wl[ _ji oek

B_l[ j^[ 9 LWbb[o B ecen _\[ijob[

8 I B U B / 0 * 5 " $ -0 - * ' & 45 :-&

:EMDJEMD 9ECEN ed LWdYekl[h ?ibWdZ Bring your fresh ideas and build your business Local captive area +/- 16000 pop with steady $

NEEDS SHOPS and SERVICES

ibW

dZ

Fabulous Corner Ocean/ Mountain View FOR LEASE

?

Tim Walsh, Commercial REALTORŽ • Direct: (403)239-5100 Email: info@BestAlbertaRealEstate.com www.BestAlbertaRealEstate.com

l[h

Tim Walsh, Commercial RealtorÂŽ Direct: (403)239-5100 Calgary, Alberta

• 4000 sq ft Penthouse ofďŹ ce space - 17th Ave S.W. Calgary • 4900 sq ft Industrial / OfďŹ ce Condo N.E. Calgary - $595,000 • 1500 sq ft fully equipped restaurant space for lease, N.E. Calgary • RV Repair Business, Calgary - $650,000 • Retail OfďŹ ce - Downtown Calgary, 7550 sq ft - $3.75M • Calgary Neighbourhood Shopping Centre - $9.5M • Neighbourhood Shopping Centre - $4.2M • Retail Condos - Downtown Calgary. Up to 20,000 sq ft - $525/sq ft • 33 unit Apartment Condo - $3.465M • 28 unit Inner City Apartment - $4.0M • 98 Unit New Condo Development - $19M

LW d Ye k

- Speciality Service business in Calgary - Very proďŹ table; great margins - 30 + years in business with multiple owners - Good location and lease - Minimal staff required; easy to learn - Price: $650,000

Restaurant 2500 – 3500sf Professional & personal services 750 – 2000sf WE NEED: Hardware and Niche Shops (like Sidney BC)

Comox Centre Mall

:EMDJEMD We’ll make it easy and help build your store BE READY TO OPEN 2012

$)&$, 64 065 www.strongbridge.ca Go to

Brent J @ 604 230 6290 – Ab`]\UP`WRUS @3/: 3AB/B3 1=@> projects/comm/comox

B20 Alberta

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

CENTRAL ALBERTA CAMPGROUND OPPORTUNITIES

LAKEFRONT! 403-347-0744 $3,250,000

$7,500,000

KACIKEWIN CAMPGROUND & CABINS

DICKSON LEISURE GROUNDS

Only 40 min. west of Edm. 10.00 +/- Fully treed acres. 89 beautiful lakefront sites. Fully rented last 9 yrs. Store/Manager's residence. Room for expansion! Large sandy beach area.

Central between Calgary & Edmonton. 208 fully rented lakefront sites. New pool and trout pond. Exceptionally well maintained. 19.00 +/- acres. On popular Glennifer Lake. Great fishing & boating for all water sports.

DUSTY SMITH TEAM SUTTON LANDMARK REALTY / RED DEER, AB

EDMONTON & AREA OPPORTUNITIES COMMERCIAL

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

MORE LISTINGS ARE AVAILABLE PLEASE CALL

Jun Choi for Details

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

403-347-0744 • www.dustysmithteam.ca

www.cwedm.com

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

780-420-1177

investment@cwedm.com

MULTI-FAMILY OPPORTUNITIES •Bank Sale: 24 residential units + 6 main floor units; partially complete; Westlock AB; $750,000 •Development Sites: 8 to 160 acres; off highway 63 in Wandering River; last community before Fort McMurray; Judicial Sale •17 units; central location; concrete construction; new roof and windows. •29 units in 2 buildings in Wetaskiwin; 80% 2-bdms •3.83 acres prime dev. land in Windermere, SW Edmonton •Highrise site on Jasper Ave; 15,000 s.f. across from River Valley; improved with 2 apt. bldgs. (17 units) •Highrise site in Rutherford; 1.02 acres zoned for 105 units in dynamic area •Stony Plain development site; zoned apt. & attached homes •High density dev. sites & apt. opportunities in Wetaskiwin Apartment product is in demand! Please call for our opinion of value of your building!

CHRISTOPHER KAMPHIUS or RAPHAEL YAU multifamily@cwedm.com

COMMERCIAL CONDOS •9,000 – 9,500 sq. ft.; located at intersection of Fort Road, Wayne Gretsky Drive & Yellowhead; $130/ sq. ft. CONTACT BURKE SMITH

burke.smith@cwedm.com

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

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

INVESTMENT SALES

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

STETTLER MALL, STETTLER, AB

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

WESTLOCK MALL, WESTLOCK, AB

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

CONTACT DAVID COONEY / DOUG FOGG OR HOWARD McCANN

SPRUCE GROVE, DEVELOPMENT LAND

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

CONTACT DOUG FOGG OR MARK McCANN

OFFICE BUILDING FOR SALE

• Well located 2 storey office building on 124 Street • Excellent owner/user opportunity with dental office built out on main floor • Total of 6,940 sq. ft. above ground • $1,850,000

CONTACT MIKE PARKER OR IAN NEWMAN

FORT MCMURRAY, AB

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

CONTACT DOUG RAE

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

john.croft@cwedm.com

MERRITT, BRITISH COLUMBIA • ±12,000 sq. ft. free-standing building for Sale or Lease • Includes bonus parking lot • Lease: $6.00/sq. ft. Sale: $850,000

CONTACT murry.osborne@cwedm.com or scott.sowinski@cwedm.com

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

CONTACT HOWARD McCANN OR MARK McCANN

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

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

CONTACT JEFF McCAMMON OR DOUG BAUER

Alberta B21

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

YOUR ADVANTAGE IN ALBERTA SHOPPING PLAZA, HOTEL IN BIG CITY •Asking: $14.9M •REV:$2.3M: Hotel: $1,110,695; Rental: $513,253; Others: $669,734 •48 oversized rooms plus 20 tenants and other big rev. income source •Located in big city downtown core with 4.9 acres of land and 102,000 sq. ft. building. MONEY MAKING FRANCHISE MOTEL •Asking: $11.2M •REV: $3,158,106 •3 yrs old, very busy location •Limited Service, 85 Rooms, located in very busy city LIMITED SERVICE FRANCHISE MOTEL •Asking $7.6M •3 years old, 4 storey, 60 rooms •Swimming Pool w/water slide •Situated with excellent exposure in big city, AB FRANCHISE MOTEL NEAR CALGARY •Asking: $5M, •41 room w/ leased Boston Pizza •1.5 Acres, ready to add 20 rooms. FRANCHISE MOTEL IN SOUTHERN ALBERTA •Asking: $4.99M •REV: $1,124,570 •Rev. is very steady past few years during recession •48 rooms with client base from Provincial & Federal employees, tourists and oil, gas & agriculture.

VR Has Sold More Businesses in the World Than AnyoneÂŽ Sporting Goods Business – Est. for over 20 yrs. 2 locations avail. in Edmonton. Great location and est. brands. Assets of $600k. Cash ow $250k. Asking $850,000. Truck Wash & Quick Lube, Hinton, AB – Great proďŹ ts and income. Only 5 years old. Sales close to 1MM. Cash ow of $315k. Asking $600k for business. Real Estate also available for sale. Busy Laundromart in High TrafďŹ c Location. – Coin laundry with fully functional equipment. Great location with good repeat customer base. Assets of $80k. Cash ow $50k. Asking $80k. Flooring and Carpet Business – 36 yr old business. Good reputation and location. Lots of repeat customers. Assets of $90k. Cash ow of $110k. Asking $240,000.

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

www.vralta.com

www.vralta.com

SCHOOL BUILDING with attached

RESIDENCES

MOTEL IN B.C. •Asking: $5.09M •REV: $1,373,000 •81 Rooms w/Leased Restaurant & Lounge •Waterslide, Sauna, Pool •Located Trans Canada highway with amazing view •Under renovation for Franchise ag HOTEL WITH RESTAURANT & LOUNGE •Asking: $4.99M •Located in very busy Oil, Gas, Forest & Tourism in AB •62 Rooms, 100 seat Restaurant, 110 seat Lounge, 9 VLT's MOTEL WITH RESTAURANT •Asking: $1,390,000 •REV: $558,725 •44 Rooms + 3 VLT TRUCK STOP & RETAIL SPACE IN CALGARY •Asking: $13.5M •Travel facility comprising 45,700 sq ft on a 16.6 Acre site, provides for future re-development •Strong sales with long history and 19 tenants including national brand name GAS BAR, C-STORE AND A&W •Asking: $4.19M •REV: Gas Bar/C-Store $5,226,877, A&W $1,057,939 •N.O.I. - $883,698 GAS BAR & C-STORE IN BUSY TOWN •Asking: $2.89M •REV: $5,394,767 •Gross margin: $807,110 •NOI: $480,762 •Very busy city with 6,470 population, supported by Oil and gas industries

• 52,500 sq. ft. school bldg. & ofďŹ ces • Four residence buildings accommodates 88 • On 4.85 acres • Operating school leased to 08-31-2013 • Investment & Development Property • Zoning: P1-Public Service • Located in town of Strathmore • 40km East of Calgary • Revenue stream/details to qualiďŹ ed buyers.

HAROLD SCHMIDT CRES ASSOCIATE BROKER

1-877-428-2879 Toll Free Cell 1-780-953-0306 haroldschmidt@shaw.ca www.HaroldSchmidt.com

REALTY EXECUTIVES North Star

CAR WASH IN CALGARY •Asking: $2.99M •10 Bays

MAXWELL

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

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

For More Details

Tel: 403-680-6130

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

marketing your franchise? Call Christine at the

1-800-661-6988 (604) 608-5110 ccampbell@biv.com

Call Sammy EMPIRE REAL ESTATE GROUP

780-906-6652

www.vralta.com

C\Xj`e^ CXe[ Fggfikle`k`\j `e <[dfekfe# Jkfep GcX`e 9\Xldfek

› I\kX`c Xe[ f]ÔZ\ jgXZ\ `e [fnekfne <[dfekfe1 K_\ AX]]\i 9l`c[`e^ Xe[ :fddfen\Xck_ 9l`c[`e^ ]ifd )#)*+ jh% ]k% › (#''' jh% ]k% Xe[ lg f] _`^_ \ogfjli\ i\kX`c fe DX`e Jki\\k `e Jkfep GcX`e Xk k_\ 9Xik_ Xe[ >fjj\k DXefi › 9l`c[\i gXZbX^\j Xe[ m\e[fi ÔeXeZ`e^ XmX`cXYc\ Xk :fgg\i :i\\b <jkXk\j `e 9\Xldfek

8c`d E% Jfda` :Xcc ./'%0'.%*0.*

<dX`c1 Xc`d%jfda`7aX]]\i`eZ%Zfd Colliers Macaulay Nicolls Inc. 3555 Manulife Place, 10180 – 101 Street Edmonton, AB T5J 3S4

+1 780 420 1585 www.colliers.com

Accelerating success.

AIRCRAFT HANGAR FOR SALE Highway 830, Warren Thomas Aerodrome, Strathcona County, Alberta c -! 2#" ', 2&# * #02 ,"3120' * # 02* ," c ?= $##2 9BB $##2 .0#L#,%',##0#" 12##* !-,1203!2'-, c := $--2 !*# 0 !#'*',% &#'%&2 c '012 0 2# !-,1203!2'-, 2&0-3%&-32 3'*"',% c ,LÉ— --0 &# 2',%I = *'%&2',%I ?= $--2 'L$-*" "--0 c #!30# . 0)',% c 0# 2 1 !*# 0 2'2*#

Ken Williamson, CFA DIR +1 780 969 2999 ken.williamson@colliers.com

Avison Young Lethbridge Inc. partnership. performance.

HOTEL 67 rooms, commercial strip mall, great upside, located in the retail hub of Lethbridge, AB. Asking $3,900,000 PIZZA FRANCHISE Successful pizza franchise. Two locations in Lethbridge, AB. Great cash flow, financials available. Asking $599,900

FOR SALE

CAR WASH IN CENTRAL AB •Asking: $3.09M •REV: $865,000 •2 Auto, 8 Bays

I have clients with CASH looking to purchase Shopping Centres, Strip Malls and Gas Stations in Alberta!

:fekXZk

SHOPPING MALL •Asking: $3.39M •N.O.I. - $231,943 • 6 tenants CAR WASH NEAR CALGARY •Asking: $3.89M •REV: $700,000 •7 bay and 1 auto. •Year: 2004.

WANTED!

INDUSTRIAL INVESTMENT 110,000 sf building, class A tenants, one of the few available properties offering rail access. Projected net income of $792,626. Asking $9,400,000 INDUSTRIAL INVESTMENT 77,000 sf building, great tenant mix. Projected net income of $472,405. Asking $4,600,000 INDUSTRIAL WAREHOUSE 8.1 CAP. 10 year Lease. Completely renovated building. Asking $1,999,000 For further information contact:

Doug Mereska, Broker doug.mereska@avisonyoung.com 403.330.3338 ext. 201 #217 - 200 4th Avenue S, Lethbridge, AB

-&5)#3*%(& -&"4&4 COMPLETELY RENOVATED 1SPGFTTJPOBM 0GžDFT "WBJMBCMF JNNFEJBUFMZ 3FUBJM BSFB ;POFE * #

BUSINESS CONDO TR GU 0GžDFT PO NBJO ¿PPS 'VMMZ EFWFMPQFE CBTFNFOU "EKBDFOU UP -BSHFTU 3FUBJM "SFB JO UIF $JUZ ;POFE $ )

RETAIL LOT "DSFT .- #VJMEJOH QMBOT BQQSPWFE -PDBUFE JO MBSHF SFUBJM BSFB ;POFE $ )

PASSIVE INVESTMENT 5XP TUPSFZ TR GU CVJMEJOH -FBTFE UP UFOBOUT NPTUMZ PGžDFT &YDFMMFOU PGG TUSFFU QBSLJOH 8JSFE GPS IJHI TQFFE JOUFSOFU ;POFE $ (

Call KEITH

LEES

SUN CITY REALTY LTD. PH: 403-329-8899 keith@keithlees.com

B22 Alberta

www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

EDMONTON & AREA

EDMONTON ON THE RISE

LAND FOR SALE •NEW LISTING 0.63 acres. R9 Site across from Rexall Place ...............................$1.6 Million •NEW LISTING 153 acres plus 18,400 sq. ft. building. Nisku Industrial Park .....$13 Million •NEW LISTING 1.15 acres CNC Development Site. 167 Ave & 71 St ..............$1.25 Million

Office Building For Sale. On Jasper Avenue and 114th street in the Oliver Area. 4 storey building consisting of 56,012 square feet . Property is on 3 lots (50 feet x 150 feet) with also parking lots (92 feet x 150 feet) in the rear. Property is wedge between two drugs stores (Shoppers Drug Mart and Medicine Shoppe). New developments all around. Asking $12,000,000.00

•INNISFAIL 106 acres HWy Industrial, 3/4 mile frontage to QEII .....REDUCED TO $32K/ACRE •6.6 ACRES UPGRADER ALLEY Hwy. 37 & 34 St .........................$110K/Acre

Please Call

Bob Chinn

•NEW LISTING! 7900 sq ft warehouse. Central Edmonton. Stadium Road.............$8.00/ sq. ft. •SHOPPES OF BLACKBURNE 111 St & Blackburne Drive. New strip 470 to 1500 sq. ft. bays ..................... $32.00/ sq. ft. •NEW LISTING! 18,400 sq. ft. Office / Shop. Nisku Industrial Park .................Lease $13.50/sq. ft. ..........................................Sale $2.75 Million •ENCORE CENTRE - 137 Ave & 66 Street. 1553 sq. ft. Finished Retail............... $28/sq. ft.

Call Bob Gaetz Owner/Broker Ph: 780-448-2020 F: 780-448-1998 rggaetz@telus.net www.gaetzrealty.com

COMMERCIAL

FOR SALE

BUILDINGS FOR SALE & LEASE

Old Strathcona Building Located on Prime 82nd Avenue and 103 Street. Historical building. Building is 1650 sq. ft. of main floor with 12 foot ceilings. Asking $ 1,100,000. Industrial For Sale National Tenant, solid long term lease. Building is 4 years old, 56,000 sq. ft. on a 3.53 acre lot. Great return 6.5 % cap rate. Brochures to qualified clients Asking $ 9,900,000. Land And Building For Sale. Over 9,000 sq. ft. on the main floor. Lot is 14,577 sq. ft. Located in the Quarters project on 95th St and 102 Ave. Building 101 Street Retail/Warehouse Property 9,150 sq. ft. building with over 4,000 sq. ft basement on two lots (10,680 sq. ft.) Great for future redevelopment or owner user. Building can also be leased. Asking $ 1,200,000.

or Mark Wilbert, Assoc. (mark.wilbert@century21.ca) CENTURY 21 A.L.L. STARS REALTY LTD

PH: 780-434-4700 Web: chinnproperty.com

•1.88 ACRES Summerside EIB Site ..............................................$22.50/sq. ft.

(RE/MAX Excellence)

Unbelievable Ellerslie RE-Development Site Two Parcels. Both 2 acre sites on the northwest corner of Ellerslie Road and 66th Street. Parcel #1 Asking $2,900,000.00 Parcel #2. Asking $ 2,900,000 Ellerslie RE Development Site 80 acre parcel across from the new Edmonton Recreation centre along Ellerslie Road. Asking $8,900,000 Business and Property Esso Convenience Store/Gas Bar with a Tim Horton’s Lease. Located in new Centre West Business Park. Site is 2.03 Acres. Brochure will only be provided to qualified purchasers, and upon signing a confidentiality agreement. Asking $ 6,300,000. Pulse Pointe Development site Located in the Quarters project on 95th street and 102 Avenue. A total of 4 lots (14,200 sq. ft.) (142 ft frontage and 100 ft deep. Presently, building is 11,840 sq. ft. Asking $ 3,300,000.

Avison Young Real Estate Alberta Inc. 6520 - 2 Avenue SW , Edmonton Well located 2.64 acre RF5 Site Site is zoned, separately titled and serviced for immediately developable Asking $2,112,000 ($800,000/acre)

Stony Plain - 24 units Wood-frame 4 storey walk-up 6,000sf commercial main floor Asking $4,350,000 @7.10% stabilized cap rate

Stony Plain - 20 units Wood-frame 3 storey walk-up 3819-184 Street, Edmonton 7.39 acre RSL site in Cameron Heights 8,000sf commercial main floor Asking $4,250,000 @7.22% stabilized cap rate Site is zoned and serviced Adjacent to Wedgewood Ravine Edmonton - 59 units Asking $2,500,000 ($338,295/acre) 3 building portfolio Wood-frame walk-ups in various locations

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

BUSINESS ONLY zGas Station w/Convenience Store - South Edm. - $249,000 zRV & Truck Wash - South Edmonton. Business Only - $399,000

CALL AYAZ OR SAM AT 780.641.1320 zBottle Depot Businesses - 3 Locations in AB. Call For Info BOTTLE DEPOT BUYING & ORIENTATION - BOOK NOW!

For information on these or other investment opportunities contact the Edmonton Investment Sales Team: Avison Young 2800, Bell Tower 10104-103 Avenue Edmonton, AB T5J 0H8 P:780.428.7850 F:780.424.5815

Edmonton’s Business & Investment Specialists

zSelf Storage Facility - 177 Units + 100 RV on 3.88 ac. - $2.1M

CALL MIKI O’REE AT 780.200.6454 zSupreme Plating Business - w/property and inventory. 1.11 acres of prime property located in North Edmonton - $3.5M

CALL GREG STEELE AT 780.945.7800

***CERTAIN CONDITIONS APPLY***

MULTI-FAMILY

CALL RAJAN NULLIAH 780.441.5419

zNEW Triplex - Excellent location. Built in 2007 - $1.298M z5 Units - Belgravia - Call For Info and Pricing z9 Units - South Edmonton - $110,000/Door z15 Units - West Edmonton - $100,000/Door z18 Units - Two building package. Strathcona - $130,000/Door

zCosmetic Store - Located in a busy mall w/ high foot traffic. Operating for over 16 years. - $179,900 + Inventory

CALL NEIL HORVATH 780.908.5630

INVESTMENT z61000 SF+ Whse & Of - 14135 128 Av. Priced to sell! - $5.8M zOffice/Medical Centre - Leduc. Fully leased. 8.2% CAP - $1.7M zNisku Multi-Tenant Bldg - Room for upside. VTB Avail. - $1.79M zRV Storage & Service - 8.87 ac w/7,362 SF buildings - $1.095M zGeneral Store w/Property - Outside Edm. Over $1M revenue. 2000 SF bldg on 0.345 acres. Excellent opportunity! - $595,000

CALL MIKI O’REE AT 780.200.6454

INDUSTRIAL zLand/Bldg For Sale - Spruce Gr. 5500SF on 0.7 acres REDUCED PRICE - $799,000

CALL ALLY PIRMOHAMED AT 780.604.0302

LAND

CALL AYAZ OR SAM AT 780.641.1320 zAuto Wash w/Land & Bldgs - Prime location in NE Edm - $3.5M zSylvan Lake - Choice of 3 Est Motels. Beach facing & close to Marina. Priced at $1.7M, $2.2M and $2.635M

z Nisku Commercial Land - 5 Lots. Zoned CS - $375,000/Acre

CALL AYAZ OR SAM AT 780.641.1320

LEASING

CALL RAJAN NULLIAH AT 780.441.5419 zGas Station, Grocery/Convenience & Liquor Store - Over $2M in sales.Land, Bldg and Business Included - $1.3M

CALL NEIL HORVATH 780.908.5630

z Leduc Plaza - Prof/Medical Space Available. Only 5 units left! www.LeducPlaza.com

CALL AYAZ OR SAM AT 780.641.1320

w w w.RemaxComm.ca

Alberta B23

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

building activity. The biggest single project approved in the month was the QualexLandmark condominium tower at $28 million. “This August residential activity was more than double the previous year,â€? noted Stuart Dalgleish, acting general manager of planhe City of Grande Prairie is moving ahead with ning, development and assessment for the plans to annex just over 15,600 acres of land to city. “The apartment sector in particular shot accommodate development 30 years from now. up.â€? The northwest Alberta service hub is holding open Things are also looking more encouraging houses this fall to provide additional information to dmonton’s south suburban neighbour to the north in Red Deer, where permit vallandowners and the public about its plans for annexing continues to grow at a decent rate, ues for the first nine months of 2011 topped land in the County of Grande Prairie northwest and something that’s confirmed by recently northeast of the city. released census data for the City of Leduc. $131.5 million. That’s up about 56 per cent from the same period last year. The city is proposing a gradual phase-in to city tax According to the city’s 2011 census, its Said Joyce Boon, the city’s inspections and rates that will last up to 15 years. population now tops 24,000. The official total licensing manager: “September has been a “Annexation is a key issue for the city,â€? says Grande – 24,139 – is up 3.6 per cent from 2010, and busy month and I think these numbers tell us Prairie Mayor Bill Given. “In order to diversify our tax represents a 42 per cent increase in the last that business in Red Deer continues to grow base, raw land is needed for new industrial and comfive years. mercial development.â€? Growth has actually slowed in the past few and the Red Deerians are trusting that the economy may be experiencing some positive The county isn’t expected to oppose the advanceyears after peaking at 10.5 per cent in 2008. Grande Prairie to add 15,600 changes.â€? ment of its urban neighbour. Given that scenario, the Leduc officials don’t consider their city to acres for development. As in Calgary, Red Deer’s residential and city of more than 50,000 is likely to formally apply to be a true Edmonton bedroom community, the province’s Municipal Government Board for the annexation in early 2012, and should noting that 66 per cent of the city’s workforce non-residential sectors have both experienced have jurisdiction over the lands by 2014. is employed in Leduc, Leduc County, Nisku or increases, though commercial building is up substantially more than residential construcat Edmonton International Airport. tion in Red Deer. “This is very dissimilar to a number of several years ago to ensure developmentcould generally been lower than in other suburbs. regional municipalities that are true bedroom “Effective immediately, council will estab- go ahead in East Balzac to accommodate the communities of Edmonton,â€? according to a lish a new division with a focus on economic Cross Iron Mills mega-mall and nearby indusCity of Leduc news release. trial and commercial development north of development. A new general manager will be recruited and will oversee areas such as busi- Calgary. Rocky View has purchased water allocations ness development, marketing and economic development,â€? St. Albert Mayor Nolan Crouse from existing licences because new licences aren’t being granted in parts of southern announced following the decision to send t. Albert city council is shaking up life Alberta. Holtby packing. in suburban Edmonton with a decision As the largest holders of water licences, to sack its city manager and embark on irrigation districts are in a position to sell some major restructuring. wo of Alberta’s four largest cities are their water allocations on Alberta’s regulated The decision to get rid of chief administrareporting significant jumps in new market. building activity for the first three quarters tive officer (CAO) Bill Holtby was announced “This new agreement was vital to securing in a tersely worded press release on October 4, of 2011. the long-term future growth of the Conrich The value of building permits issued by the and it followed an earlier decision supported area,â€? said Rocky View reeve Rolly Ashdown. by Holtby to sack the city’s director of tourism City of Calgary jumped 49 per cent for the ocky View County is buying more “With the development of water resources and business development in September. first eight months of 2011, compared with irrigation district water in an effort to in the area, future customers will be able to According to St. Albert’s newspaper of same period last year. accommodate more development around access safe and drinkable water, opening up record, the St. Albert Gazette, the earlier move Calgary. Permits for the first eight months of 2011 new growth opportunities.â€? didn’t sit well with the city’s business comtotalled $3.09 billion. Even without a $600 Rocky View County council approved a The cost of Phase 1 of the Conrich area munity, which has viewed the CAO as being million permit for a major airport terminal budget hike in late September that will allow less than welcoming to major development expansion, Calgary building activity is up the county to purchase just over three million water supply project is $25.2 million. With the help of purchased water, Rocky opportunities. roughly 20 per cent over last year, thanks to cubic metres of water annually for the Conrich View has positioned itself as a viable developThe northwest suburb of Edmonton has increases in both the residential and nonarea northeast of Calgary. ment alternative to urban communities such long had a bit of a NIMBY reputation when it residential sectors. Rockyview will purchase the water allocaas Calgary, Cochrane and Airdrie.â—† comes to development, and although it has In August alone the city approved nine tion from an existing water licence of the multi-family projects for $124 million in new enjoyed continued growth, its growth rate has Western Irrigation District, something it did – Compiled by Dave Husdal 8)"5¤4 )"11&/*/( */

(SBOEF 1SBJSJF GMPBUT HJBOU BOOFYBUJPO QMBO

"MCFSUB

Leduc: Up 42 per cent in five years

T

Photo: Tourism Alberta

E

St. Albert sacks city manager

Builders busy in Calgary, Red Deer S

T

Thirsty Rocky View buying water

R

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

G 75% PENDIN • 4.44 Acre Site • Lease or Purchase Options • Experienced Developer & General Contractor • LARGE Rear Yard!

$BMM .JLF (FPSHF PS #JMM 4DIPFNBLFS

Fall 2011

• 30' High Buildings

www.property-solutions.ca

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

Pam Gill

(780) 455-4088

www.apartmentsinedmonton.com

EDMONTON

APARTMENT PROPERTIES 15 SUITES, NAIT ...............................$1,575,000 15 SUITES, Downtown .....................$1,425,000 20 SUITES Cromdale........................ $1,950,000 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

THE CITY

OF

CAMROSE

THE REGIONAL CENTRE 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

VALERIE KING

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

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

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

B24 Alberta

Val Toffoli

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

Selling Edmonton since 1987

Phone: 780-707-9395

REALTY EXECUTIVES POLARIS 4107 - 99th Street, Edm, AB T6E 3N4 Email: vtoffoli@shaw.ca • www.valtoffoli.com APARTMENT BUILDINGS: • 2 Units – Full Side by Side Bi-Level Duplex. Great West End Location. Needs some TLC & priced Accordingly! • 12 Ste Character Bldg. Owner Managed & Well Maintained. Large Stes. Central. Some upgrading to suites - REDUCED! • 12 Ste Character Bldg. Central McDougal. Over 6.5% cap rate. Some upgrades. Seller open to Reasonable Offers! • 74 BEAUTIFULLY TREED ACRESin Parkland County near Edmonton/Devon. Unique 6600 sq.ft. Architecturally Designed Home with 8 Bdrms-6 Baths. Outdoor Pool-Horse ShelterTriple Garage. Presently a Residential Estate. Ideal for Bed & Breakfast; Health or Religious Retreat; Equestrian Ctr or Potential Exclusive Subdivision. •BUILDERS/DEVELOPERS,B&B,HEALTH/ RELIGIOUS RETREAT, EQUESTRIAN CTR, POTENTIAL SUBDIVISIONS: 40 Acres – Ready for Submission to Parkland County for Approval of New 8 Lot Subdivision. BONUS: 1 lot features Gorgeous 3,632 sq. ft. Executive Home with Triple garage & 2 Large Shops – an Excellent Base for the Developer/Builder! Across from 1 of the MOST Prestigious Subdivisions in County. WANTED: APARTMENT BUILDINGS Have Qualified Buyers Ready to Purchase!

BUY

Your hunt for the right investment could be right in the pages of the Western Investor. Every month you’ll find $2 Billion worth of opportunities.

INVESTMENTS CALGARY AREA

REVENUE OPPORTUNITIES

UÊ CROSSFIELD – 2 – 2 acre industrial lots – for sale or lease UÊ >À}iÊ industrial complex Ê v À Ê Ã > i Ê À Ê i>ÃiÊÌ Ì> Ê vÊ ÎäääÊõ°vÌ°Ê vÊLÕ ` }

4-PLEX

UÊ CARSTAIRS –Ê iÀ V> Ê ÌÃÊv ÀÊÃ> iÊ priced to sellÊqÊV> Êv ÀÊ ÀiÊ`iÌ> Ã

IN COLD LAKE PRICE $525,000 FULLY OCCUPIED

U 64 seat restaurant Ê Êv>ÃÌÊ}À Ü }Ê V Õ ÌÞÊ north of Calgary]Ê«À ViÊ V Õ`iÃÊ > `]ÊLÕ ` }ÊEÊiµÕ « i Ì UÊ AIRDRIE qÊxäääÊõ°vÌ°Ê `ÕÃÌÀ > ÊL>ÞÊ v ÀÊÃ> iÊÜ Ì Ê > iÕ«Ê> ÀÊÕ ÌÊEÊ viÀÀi`Ê i>ÌiÀà UÊ 2500 sq. ft.Ê `ÕÃÌÀ > ÊL>ÞÊv ÀÊ i>Ãi UÊ 137 acres Ê `ÕÃÌÀ > Ê > `Ê> iÝi`Ê Ì Ê Crossfield]ÊÃiÀÛ ViÃÊV ÃiÊLÞ]ÊÀi>`ÞÊÌ Ê LiÊ`iÛi «i`ÊqÊiÝVi i ÌÊ« Ìi Ì >

GREAT

UÊ 141 acres Ê> iÝi`Ê Ì Ê Crossfield]Ê iÝVi i ÌÊ« Ìi Ì >

LOCATION/REVENUE

UÊ 132 acres Ê highway #2 frontage ]Ê ÓäÊ ÕÌiÃÊ ÀÌ Ê vÊ > }>ÀÞÊqÊV> ÊÌ `>Þ

1.1 ACRE PAVED

UÊ 279 acres Ê V>Ìi`Ê iÝÌÊÌ Ê À ÃÃv i `ÊqÊ « ÃÃ L iÊ`iÛi « i ÌÊ« ÃÃ L Ì iÃÊ É-

INCLUDING 2,000

LOT. 16,800 SQ.FT.

SQ.FT. MEZ/OFFICE.

UÊ ¾ acreÊ `ÕÃÌÀ > Ê > `Êv ÀÊ i>Ãi UÊ 137 acres ÊÜ Ì Ê#2 highway frontageÊqÊ iÝVi i ÌÊ>VViÃÃ

LAND & BUILDING ONLY

UÊ East Balzac Ê q Ê Ê v Ê > } > À Þ Ê q Ê £ x £ Ê >VÀiÃ]Ê£ÓxäÊõ°vÌ°ÊLÕ }> Ü]Ê{ä½ÊÝÊnä½Ê +Õ ÃiÌ 2

COMMERCIAL VACANT LOTS ON 50TH

UÊ BEISEKERÊqÊÓ°ÇÎÊ>VÀiÃÊ `ÕÃÌÀ > Ê > `]Ê STREET IN COLD LAKE vi Vi`ÊEÊ}À>Ûi i`]Ê«ÀiÃi Ì ÞÊÕÃi`Êv ÀÊ ideal for new develoopment 110 ft of frontage ÃÌ À>}iÊPRICED TO SELL UÊ CAR WASH ÊqÊ}Ài>ÌÊ ÛiÃÌ i Ì UÊ 320 acresÊiÝVi i ÌÊv>À > `ÊqÊÓäÊ ÃÊ Ê vÊ > }>ÀÞ UÊ 151 acres Êi>ÃÌÊ vÊ PRICED TO SELL

A ir drieÊqÊ

Adjacent lot to the above 165’ x 125’ with a 40’ x 60’ warehouse. All chain link fenced

$239,500 $239,500

7.2 ACRES ZONED HIGHWAY COMMERCIAL Services prepaid

$749,000

For more information on these and other properties

call

DON SACKETT RE/MAX ACA REALTY

(403) 946-5657

1-800-661-6988

$1,175,000

ACA Realty

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

RE/MAX Cold Lake 2000

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

ALBERTA DEVELOPMENT OPPORTUNITIES Calgary Land Ready to go Calgary Land ready to go. All permits are in place for highend country residential development. Development can begin today! Land features water, trees, and gently rolling hills making it ideal for new innovative community. $69,000/acre.

100 Acres Airdrie, AB Located on the west edge of Airdrie. Airdrie is one of Alberta's fastest growing communities. Five miles north of Calgary on the #2 Queen Elizabeth Hiway. Concept plan for 690 homes (based on city guidelines) Vendor will consider JV with suitable partner.

East Side of Calgary 84 St and 16 Ave. (hiway #1) N.E. 300 acres of potential commercial zoned land for development in the M.D. of Rockyview. - NW 1/4 SEC. 30 TWP, RGE 28, W5M - SW 1/4 SEC, 30 TWP, RGE 28, W5M - PTN SE 1/4 SEC, 24 TWP, RGE 28, W5M $150,000/acre

FOR MORE INFORMATION: BRIAN SUGDEN

STEVEN BUTT

403-829-2669 403-802-6767 sbutt@avenuecommercial.ca

bsugden@avenuecommercial.ca

MORE OPPORTUNITIES • 12 ACRES Balzac, Alberta - for sale, design build, or lease. • 3 QUARTERS Balzac, Alberta - close to Cross Iron Mall. • 3 QUARTERS Cochrane, Alberta - 3 miles west on highway 1A. • 0.5 ACRES Brooks, Alberta - Commercial Lot. • 4 ACRES Millarville, Alberta - with house. • 13,200 SQ.FT Canmore, Alberta - commercial building site. • 2.6 ACRES Black Diamond, Alberta - multi- family dev. site. • 41 ACRES Irricana, Alberta - judicial sale of residential land. • 320 ACRES Darwell, Alberta - one hour from downtown Edmonton. • 55 ACRES Athabasca, Alberta - 33 parcels on separate titles. • 200 ACRES Yorkton, Sask. - Approved for Industrial subdivision. • 150 ACRES Fort St. John, B.C. - next to the new hospital.

Alberta B25

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

WINDOW OF OPPORTUNITY!

Invest in land with development potential. 381 acres on Lake McGregor. Hour and 10 minutes SE of Calgary. Approximately 3/4 mile of shoreline. Gently sloping. Suitable for lake view lots or golf course. Vendor willing to lease back.

mpjohnson41@hotmail.com

PUBS

For Sale

Waterfront Pub & Detached Liquor Store Land, buildings and business Prince Rupert, BC $2,500,000

NORTHERN ALBERTA INVESTMENT/BUSINESS OPPORTUNITY • Restaurant/lounge/gas bar/convenient store for sale in Northern Alberta • Homesteader Building Supply Store for sale in Manning, AB • Commercial Lots For Sale in Manning, AB

BC’s fastest growing super port city

Looking for Investor's to purchase 4-plexes in the Peace Country

For Lower Mainland Pub Opportunities call:

For Further Information contact:

JOHN JOHNSON

Evelyn Petkus

Tel: 604-319-2504 Fax: 604-463-5287

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

PRUDENTIAL STERLING REALTY LTD.

www.manningrealestate.ca

INVESTMENT PROPERTIES FOR SALE! 68 STRATA TITLED, (bare land condo titled) development lots located within a modern Mobile Home Park in High Level, AB. Fully serviced, paved roads, underground utilities, fenced and landscaped. MOTIVATED SELLER WILL CARRY 75% FINANCING FOR A QUALIFIED BUYER INTEREST FREE FOR 2 YEARS!!! MLS $1,250,000. Only $18,382 per lot! 23 UNIT APARTMENT, University area, nice condition and 5.75 cap. Call for proforma 13,231 SF, 5 BAY RETAIL STRIP MALL in Leduc, AB. with solid long term tenants. 9 years old. NOI: $161,000 per annum. 7+ cap at $2,095,000. NOW PENDING 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

780-990-6120 cell Email: rdjri@telus.net Commercial Realtor

Each office is independently owned and operated.

FOR SALE MIXED USE CAR & TRUCK WASH

Attention Agents: REACH QUALIFIED BUYERS FOR YOUR LISTINGS

call Gary Takahashi

COMMERCIAL BAYS & 3 APARTMENTS s 'OOD CASH mOW s 5PGRADED s 2ENOVATED s (IGHWAY VISIBLE LOCATION $ 1,200,000

toll-free: 1-800-661-6988 direct: (604) 608-5111 or fax: (604) 669-2154

3COTT !RMSTRONG 2EALTOR¤

gtakahashi@westerninvestor.com

403-383-6733

JERRY RACZKOWSKI

2EAL %STATE !DVOCATES

WHITECOURT, AB HOWARD JOHNSON, 74 room full service hotel, 75 seat restaurant lounge, 2 meeting rooms and 300 seat banquet room, 300 seat nite club. 5 VLTs, recent mechanical upgrades. 12 year reno & replaced roof. Previous sale $4,300,00 NOW ASKING $2,400,000 36 ACRES PARTIAL SERVICED COMMERCIAL. Appraised at $11,800,000 Discounted to $7,700,000 for pkg deal Call Leo Zelinski at 780-778-1207

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

ROB REGAN

780-932-2121 jrcoach@telus.net

UÊÊ Ã > *>V wÊVÊ >ÀÊ > ÀiÃÊ ÜÊÃiV `Ê >À}iÃÌÊ ÊÌ iÊÜ À `Ê>ÀiÊ }ÊÌ Ê ÛiÃÌÊ>LÀ >`t UÊÊ7iÊ>ÀiÊ }Êv ÀʵÕ> ÌÞÊ

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

ÛiÃÌ ÀÃÊÌ Ê ÛiÃÌÊ ÊLÕ Ã Ê

iÃiÊ >À iÌÊ« >Vi°

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

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

RE/MAX real estate central alberta

UÊ "1,Ê{ * 8Ê 1 Ê

Ê

UÊ/7"Ê{ * 8Ê 1 Ê "/Two storey style two bedroom units which have been well maintained and upgraded. New shingles in 2010. Includes appliances. Each unit is approximately 1025 sq ft.

6 "* /Ê "**",/1 /9

Great opportunity to develop on sites zoned R4 (High Density Residential). Adjacent to adult living community and near the Hospital & Health Centre. 1.4 acre site $499,000 or 0.76 acre corner site $ 200,000.

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

Priced to sell at $790,000

Complete business package ready for a new owner. Building, inventory, fi xtures, coolers and delivery van.

10510 121 St., T5N 1L4 Edmonton, AB

www.AlbertaInvestorGroup.com Beijing, Chinghai, Tianjin, China Investments Real Estate Shows

Awesome Investment Opportunity Land and Building on Lakeshore Drive - LOCATION IS KEY! Across the street from the beach, outdoor patio to take in the view,

"1/-/ Ê 1- --t

780-490-9324 ar_ar@shaw.ca

RE/MAX REAL ESTATE

OPPORTUNITIES AT SYLVAN LAKE, ALBERTA

¸ iÌÊ-Ì>ÀÌi`Ê Ê9 ÕÀÊ Ài> Ê it¸

CALL

RANDY PLANT

780 361 9215

RE/MAX WETASKIWIN 2007 780 352 9241

Each office is independently owned and operated.

B26 Alberta

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

FOR SALE

Office/Retail Building on 0.5 Acres in downtown Spruce Grove Call Victor Moroz

125, 4401 48th Street, Stony Plain, AB Fax: (780) 968-1071 www.RoyalLePageWestgate.com

ROYAL LEPAGE WESTGATE REAL ESTATE

Independently Owned and Operated

SELL

PROPERTY DETAILS -Corner lot with high traffic visibility -Located in the downtown core of the City of Spruce Grove -Address: 202 Main Street Spruce Grove BUILDING DETAILS -3,300 sq.ft building (formerly a bank) -Very large and open reception area with waiting room -6 Offices & 1 Manager Office -Large & Accommodating Staff Room -18 parking stalls -Washrooms,Storage Area & Server Room

Phone: 780-968-1068

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

1-800-661-6988

Victor Moroz Assoc. Broker

Colliers Macaulay Nicolls Inc. 3555 Manulife Place, 10180 – 101 Street Edmonton, AB T5J 3S4

+1 780 420 1585 www.colliers.com

Accelerating success. Retail Investment Opportunity

Multifamily Opportunity 15 UNITS PRICE REDUCED

14 UNITS SOLD

16,164 SF RETAIL BLDG

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

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

15 UNITS AVAILABLE

129 UNITS AVAILABLE

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

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

London, ON 11 Storey concrete high rise, condo quality, strata titled

21 UNITS NEW LISTING

Edmonton, AB Centrally located, close to NAIT LRT route, new roof, boiler and windows, fully renovated, turnkey project

Edmonton, AB NAIT location, turnkey project, upside via LRT expansion

12 UNITS AVAILABLE

www.colliersmn.com\edmontonapartments

Amit Grover

Jandip Deol

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

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

2-12,000 SF BUILDINGS

Ponoka, AB 22 acres, Highway 2 exposure

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

EM TE TOWN Alder Flats, AB

NEWER RETAIL STRIP MALL Unique western themed town with Edmonton, AB 3 buildings totalling 16,259 SF, south Edmonton, principles only

PONOKA LUBE-X BUILDING

cabins, campground and motel, operating business with excellent growth and upside

Jeff Grobman

Steven Pearson

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

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

5011-48 Avenue, Ponoka, AB 26,782 sf fully leased retail complex. The Bargain Shop, Medical Clinic, Pharmacy. Year I Income - $298,367 Price: $3,500,000

4714 - 50 STREET, PONOKA, AB OUTBACK STEAKHOUSE 2,512 sf freestanding building, BUILDING strong Covenant Tenant, 2874 Calgary Trail, Edmonton, AB Average Rental income - $69,500 7,063 sf freestanding retail pad. Price - $868,750 Net income: $190,701/year Price: $2,200,000 DIR +1 780 969 3003 casey.mcclelland@colliers.com

80,000 SF BUILDING

Rimbey, AB Residential & commercial development on Highway 53

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

Casey McClelland Mark Swaenepoel

Land & Building Opportunities

24 ACRES

HEALTHWORKS BUILDING PONOKA TOWNE CENTRE

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

Hotels

WEST COUNTRY INN Drayton Valley, AB Limited service, 52 rooms, built in 2005. Asking $4,100,000

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

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

10020 BIGGS AVENUE Fort McMurray, AB 53,300 SF land with 13,000 SF building. Excellent redevelopment C5 Land. (California Club Bingo)

20,000 SF RETAIL

26.99 ACRES OF INDUSTRIAL LAND Fort McMurray, AB Located on Hwy 69 close to the planned airport terminal

COMING SOON Fort McMurray, AB Up to 300,000 sqft of Industrial Development. Build to suit from 5,000 square feet and up. Close to airport.

Fort McMurray, AB For sale. With or without business. KUUSAMO DEVELOPMENTS Available immediately. Excellent Fort McMurray, AB exposure in a newer building 5 bays sold or leased, only 5 bays remain 2 LOTS WITH LAND & BUILDINGS Fort McMurray, AB 145 MACMILLAN RD. 280 MacLennan Crescent Fort McMurray, AB 10% Cap rate. $6,775,00. 290 16,800 SF industrial building, MacLennan Crescent 2.33 acres fully leased, NOI $700,000 w/ 6,000 SF shop. $5,450,000 rising to $750,000 in 2013

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

INDUSTRIAL BAYS Fort McMurray, AB 12,978 SF, for sale or lease 3 bays sold, 1 available

Ken Shebib, CCIM

FORT MCMURRAY AIRPORT BEAVERLODGE MOTOR INN Fort McMurray, AB Hotel development opportunity. New terminal. Call for details.

Fort McMurray Opportunities

Beaverlodge, AB Two hotels, 60 rooms, revenue of $4 mil. Asking $5,500,000

MOB DIR

+1 780 863 7355 +1 780 881 6297

ken.shebib@colliers.com

Land Opportunities

DAYS INN Dawson Creek, BC Occupancy rate above 80%. 85 rooms. Asking $11,150,000

FLAGGED HOTEL Edmonton, AB Full service hotel. 90 rooms. Leased F&B. Asking $8,750,000

RED DEER LAND

FOR SALE

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

+/- 100 acres Significant gravel deposit 823,820 cubic meters of proven aggregate reserves. Price: $1,000,000

BELLWETHER PARK

Alberta Opportunities

13124 130 Avenue, Edmonton, AB FOR SALE

TOWER PARK LAND Grande Cache, AB c 86+ acres for development in Grande Cache c ASP in place or modify as you desire. c Demand for housing in Grande Cache. c Residential, retail, office, multi-family and industrial sites to be developed. c Interest from a food/grocery anchor tenant.

CAMROSE LAKEFRONT LAND

FOR SALE

3.72 acres of land shovel ready for 76 row-housing units Price: $2,800,000

SOLD: SYLVANCROFT LANDS

SOLD: WABAMUN LAKE LANDS Lakeshore Road, Parkland County, AB 9.09 acres of lakefront land zoned CR (Country Residential District) 142.84 acres of AG zoned land One of Alberta’s most popular lakes Sold for $1,600,000

12719 Stony Plain Road, Edmonton, AB 2.05 acres of residential infill land, superb location in the highly sought after, and prestigious neighbourhood of Groat Estates. Sold for $2,500,000

Ken Shebib, CCIM MOB DIR

+1 780 863 7355 +1 780 881 6297

ken.shebib@colliers.com

Mark Swaenepoel

Rick Argue

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

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

B27

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

SPOTLIGHT Weyburn farmers vote to retain Canadian Wheat Board monopoly that Ottawa aims to kill

/P HSBJO OP HBJO WESTERN INVESTOR eyburn, home of the largest inland grain-gathering centre in Canada, has a lot at stake in the proposed ending of the Canadian Wheat Board (CWB) monopoly. Well over half-a-million tons of grain pass through the Weyburn terminals each year – more important to the economy than the oil and gas exploration that virtually surrounds this small city about 110 kilometres southeast of Regina.

8

The Weyburn Inland Terminal (WIT) is the first grain terminal in Canada to be completely owned and operated by farmers. And the farmers have spoken. In a plebiscite from the Canadian Wheat Board, 62 per cent of farmers voted to keep the CWB in place for the marketing of wheat. The vote drew 56 per cent participation, with more than half also saying they wanted the CWB to continue to market barley. CWB director Rod Flaman believes the ball is now in the farmers’ court to put pressure on

Photo: Greg Nikkel/Weyburn Review

WI STAFF/GREG NIKKEL

the federal government to respect the results of the plebiscite; federal agriculture minister Gerry Ritz has gone on the record as stating the Conservatives will basically ignore the plebiscite results, and will introduce legislation in the fall sitting to remove the single-desk powers of the CWB. MP Ed Komarnicki, for Souris-Moose Mountain, said of the results: “You have to pay some attention and look at the results, and you have to take it in context.� The local Conservative MP pointed out the plebiscite had no question on whether farmers would support a dual-marketing system, using both the CWB and other marketing options. “When you look at the participation rate of 56 per cent, there’s no way of knowing how many boycotted the vote,� he said. Komarnicki, pointing out that most of the western provincial governments were supportive of the federal plan to give farmers the choice of how they want to market grain, suggested those farmers who support the CWB should band together and use the CWB to ensure that it does in fact remain viable as a grain marketer. Local rail transporters, however, say that the

8FZCVSO 4,

Downtown Weyburn: grain debate dominates economy.

end of the Canadian Wheat Board monopoly would spell the end of shortline railroads that depend on CWB grains for 99 per cent of their cargo. Lonny McKague of Omega-based Red Coat Road and Rail, which serves Weyburn and southern Saskatchewan, said that about 99 per cent of the producer cars are for CWB grains. McKague predicts that if the CWB monopoly ends, the CWB will be dead within one year – and furthermore, that the shortline railways will be out of business a year after that, unless there is specific protection put in to continue to allow producer cars to be filled. McKague said Ottawa also plans to cut the funding for the Canadian Grain Commission (which also governs the use of producer cars) in half, and those costs will in turn be passed onto farmers. Weyburn, however, is not wholly dependent

Population 10,000+ Average house price $310,000 Major employers Agriculture, oil and gas industry Potential Expansion of oilfields

on the grain industry. It is also sharing in the oil and gas boom in southern Saskatchewan, which is expected to see a 17 per cent increase in oil drilling this year. Much of the drilling takes place nea r Weyburn, where horizontal drilling has increased the life of the Weyburn-Midale oilfield by more than 30 years. Today, Weyburn has one of world’s largest enhanced oil recovery operations and is the site of the largest geo logical greenhouse gas sequestration project in the world. Weyburn has matured into more than a farm or oil town in its 109-year history, however. It is the headquarters of the Sun County Health Region, has 10 schools, six recreational facilities, three art centres and one of Saskatchewan’s newest urban park developments. Meanwhile, the oil boom has driven the residential vacancy rate to near zero, and the city is scrambling to provide more building lots to meet demand for housing.◆

"MCFSUB 4BTLBUDIFXBO HOTEL OPPORTUNITIES 06545"/%*/( */7&45.&/5 0110356/*5: 'MBHHFE SPPNT XJUI B IJHI QSPžMF MPDBUJPO XJUI FYDFTT BEKBDFOU MBOE JO B WFSZ WJCSBOU DJUZ " SFDFOUMZ SFOPWBUFE VQTDBMF SFTUBVSBOU BOE MPVOHF JT MFBTFE 5IFSF JT B HPPE SPPN NJY JODMVEJOH UIFNF SPPNT CSJEBM TVJUFT CBORVFU GBDJMJUJFT EBUB QPSUT BOE XJSFMFTT JOUFSOFU 0XOFS PQFSBUFT UIF CVTZ BOE IJHIMZ QSPžUBCMF TQPSUT MPVOHF PO TJUF %FQFOEBCMF DBTI ÂżPX XJUI B QPTJUJWFMZ USFOEJOH IJTUPSZ XJUI B HSFBU EFBM PG VQTJEF "TLJOH Â… 300.4 '-"((&% -*.*5&% 4&37*$& IPUFM GFBUVSJOH JOEPPS TXJNNJOH QPPM XIJSMQPPM HVFTU MBVOESZ BOE PUIFS BNFOJUJFT 5IJT QSPQFSUZ JT WFSZ XFMM MPDBUFE PO B NBKPS IJHIXBZ BOE IBT HPPE SFWFOVF BOE PDDVQBODZ UIBU BSF USFOEJOH VQXBSET "TLJOH Â… 300.4 XJUI SFOUBM JODPNF GSPN MFBTFE SFTUBVSBOU MPVOHF XJUI 7-5T BOE MJRVPS TUPSF "NFOJUJFT JODMVEF HVFTU MBVOESZ BOE XJSFMFTT JOUFSOFU -PDBUFE PO NBKPS UIPSPVHIGBSF JO NJE TJ[FE NBSLFU "TLJOH Â… -*.*5&% 4&37*$& 300.4 JO NJE TJ[FE DFOUSF UIBU JT SBNQJOH CBDL VQ "NFOJUJFT JODMVEF QPPM IPU UVC žUOFTT SPPN BOE NFFUJOH GBDJMJUJFT 5IFSF JT B DMFBS BOE QBJOMFTT QMBO BWBJMBCMF UP CSJOH WBMVF UP UIF OFXJTI BTTFU ° DBMM BOE XFÂľMM UFMM ZPV "TLJOH Â… 300.4 JO B NBKPS 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 BWBJMBCMF GPS QMBOOFE FYQBOTJPO PG NFFUJOH DPOWFOUJPO GBDJMJUJFT BEEJUJPOBM SPPNT PS B SFTUBVSBOU QBE "TLJOH Â… )05&- 1"$,"(& IPUFMT UPUBMJOH SPPNT JO NBKPS DJUZ "TLJOH GPS CPUI PS DBO CF QVSDIBTFE TFQBSBUFMZ Â… 300.4 '-"((&% )05&- XJUI MFBTFE SFTUBVSBOU BOE MPVOHF OFX (BNJOH 3PPN -JDFOTF BMMPXJOH GPS BO JODSFBTF UP 7-5T NFFUJOH BOE DPOGFSFODF GBDJMJUJFT CVTJOFTT DFOUSF žUOFTT SPPN BOE HVFTU MBVOESZ &YUFOTJWFMZ SFOPWBUFE BOE WFSZ XFMM NBJOUBJOFE "EEJUJPOBM JODPNF GSPN UFOBODJFT 5IF JODSFBTJOH CVTJOFTT USFOE JO UIJT TUSPOH DPNNVOJUZ DPNCJOFE XJUI UIF SFWFOVF QSPTQFDUT UIBU B OFX (BNJOH -JDFOTF CSJOHT QSPWJEFT UIF JOWFTUPS B DPOTJEFSBCMF MJGU 5JHIUMZ QSJDFE BU Â… 300.4 IJHIXBZ MPDBUJPO JO UPVSJTU BOE SFTPVSDF CBTFE DPNNVOJUZ XJUI DPOGFSFODF GBDJMJUJFT MPVOHF BOE SFTUBVSBOU BOE OFXMZ SFOPWBUFE SPPNT 5IJT QSPQFSUZ IBT B HSFBU EFBM PG VQTJEF BT UIF FDPOPNJD ESJWFS JO UIF BSFB JT VOEFSHPJOH B NBKPS FYQBOTJPO 5IJT QSPQFSUZ JT B TNBSU CVZ XJUI BO "TLJOH 1SJDF BU Â… -*.*5&% 4&37*$& 'MBHHFE MPDBUFE JO NJE TJ[FE PJM DFOUSF PO NBJO IJHIXBZ UISPVHI UPXO SPPNT BCPVU UISFF ZFBST PME "TLJOH For further information, contact Gary & RenĂŠe Anderson Hospitality Sales Specialists Direct: 780-432-1408 contactus@andersonhotelsales.com www.andersonhotelsales.com Carton Realty Ltd. Office: 780.444.6605

The Energy City

Estevan

Land For Sale Saskatchewan Canada

Estevan the 'Energy City' is a vibrant and growing community in southeast Saskatchewan offering: • A diverse economy featuring power generation, coal mining, oil & gas, agriculture, manufacturing and is a regional service centre serving both Canada and the U.S. • Chosen site for the SaskPower Clean Coal Power generating Plant, a $1.24 billion investment. • Airport Industrial Park featuring airside lots for aero-related industries with low lease rates. • New Industrial lots in RM and City available. • Property Tax Incentives Program. • Access to North American markets on the main north-south import/export rail line. • Close proximity to the U.S. market being only 10 minutes north of the border and 20 minutes north of the only 24 hour crossing in Saskatchewan.

To explore the endless opportunities in Estevan contact:

Michel Cyrenne Community Development Manager Estevan & District Board of Tourism, Trade & Commerce Phone: (306) 637-2151 / Fax: (306) 634-6729 Email: michel@estevanchamber.ca www.estevanchamber.ca

REDWATER BDSFT JO 3FEXBUFS 5PXO JO DPSOFS PG )XZ BOE TUSFFU PQQPTJUF UPXO )PTQJUBM BQQSPWFE GPS IPUFM NPUFM BOE QMB[B XJUI IPVTF BOE EFUBDIFE HBSBHF MJTUFE BU NJM SOLD! REDWATER "DSFT PG 1SJNF $PNNFSDJBM BOE 3FTJEFOUJBM -BOE JO 5PXO &YDFMMFOU MPDBUJPO PO )XZ BOE BDSPTT GSPN UIF 5PXO )PTQJUBM $MPTF UP SFDFOUMZ BOOPVODFE VQHSBEFST BOE B SFžOFSZ -JTUFE BU QFS BDSF REDWATER "DSFT PO )JHIXBZ FYDFMMFOU GVUVSF IJHIXBZ DPNNFSDJBM PS DPVOUSZ SFTJEFOUJBM UZQF EFWFMPQNFOU 13*$&% UP 4&-- $PSOFS PG )XZ BOE 33 BDDFTT GSPN 33 BOE )XZ -JTUFE BU REDWATER "DSFT PO 33 BOE )XZ HSFBU JOWFTUNFOU BU FYDFMMFOU QSJDF PG SOLD! VEGREVILLE "DSFT PG $PNNFSDJBM [POFE MPU PO )XZ " FYDFMMFOU GPS B NPUFM IPUFM PS GBTU GPPE SFTUBVSBOU -JTUFE BU

Hotel Opportunities in Edmonton 87 ROOMS, FLAGGED HOTEL PO NBJO )JHIXBZ XJUI MFBTFE SFTUBVSBOU BOE TXJNNJOH QPPM &YDFMMFOU SFWFOVFT "TLJOH . 114 ROOM, BRAND NEW FLAGGED HOTEL 0QFOJOH 4PPO 0O NBJO IJHIXBZ XJUI TXJNNJOH QPPM .

$BMM

30/ 3"/%)"8" 1)

&NBJM SPOSBOEIBXB!TIBX DB

B28 Saskatchewan

REGINA 320 Acres

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

SASKATOON BUSINESS & LAND APARTMENTS FOR SALE

Maple Creek, SK Furniture store, established, proďŹ table 11 years in business. Fantastic reputation. Located in Historic building.

• 2 miles north of city limits • Currently zoned agriculture • Great potential • $3500/acre

Keith Bartlett 306-535-5707

306.662.3612 9:A E:I:GH G:6AIN Call www.weswoodopportunity.com

8Vaa

(%+#.()#(&*&

lll#YZaeZiZghgZVain#Xdb

GRAIN LAND INVESTMENT OPPORTUNITIES

605A Main St. N., MOOSE JAW, SK

PH: 1-877-694-8082 Email: landmart@sasktel.net Web: www.royallepagelandmart.com

LANDMART

25% DOWN BALANCE MORTGAGE (OAC)

Independently Owned and Operated

Call today for your opportunity

MAKE MORE DEALS

Business / Investment Opportunity • ASSINIBOIA, SK

RE/MAX Saskatoon

www.SaskLand4Sale.com

Call Brian Walz (306) 631-1229 or Mike Walz (306) 631-7232

SASKATCHEWAN REAL ESTATE SOLUTIONS! Development Land For Sale

Weyburn, SK 148.63 acres located in the RM of Weyburn. Property is situated between Highway #13 and Highway #39. Ideal for sub-division into industrial lots.

See this property and more on our website! www.avisonyoung.com

Weyburn, Saskatchewan The Gateway to the Bakken Oil Fields Located at the entrance of Weyburn and the newest Saskatchewan oil play on Highway #39. (main route to the US border). Approved use from Highway Commercial. Two conditional pre-sales to two equipment dealers. Property needs roadways, approaches, electrical, natural gas service to lot perimeters. Water is via well, sewage is septic. Developer will consider Full Site Sale. Price per Acre: $80,000 - $95,000

Contact: Micky Schmitz 306.525.3344

www.naisask.com

For more information contact:

ART INGLEBY (306) 359-9799

www.westerninvestor.com

Acreages around Saskatoon - Call for info

Excellent commercial building on a large 2.45 acre lot in Assiniboia, SK. Located in the commercial / industrial area of town between two agriculture businesses with great visibility from the highway. Currently a heavy duty mechanical service and parts sales. Call for more details

1-800-661-6988

www.SaskLand4Sale.com Petrofka Bridge Orchard MLSÂŽ 410521 Beautiful acreage / progressive apple orchard located on the North Saskatchewan River 55 kms north of Saskatoon. $849,900 Shell Lake Gravel Land MLSÂŽ 399171 Land with gravel deposits 137 +/- acres $1,199,000 SE Perimeter Investment MLSÂŽ 401141 Inside of new proposed perimeter hwy in Saskatoon 160 acres $2,200,000 Koop Acreage #3/Hay Land MLSÂŽ 397743 60 acres north of Blackstrap Lake $99,900 Sterling Development Land MLSÂŽ Excellent development opportunity only 6km East of Saskatoon $279,900 Colonsay Acreage MLSÂŽ 399553 5 bedroom 2 storey home on 160 acres. Pole shed and corrals $334,900 Lot 8 Delaronde Bay MLSÂŽ 409456 Custom built log home. Four season retreat at Delaronde Lake $339,900 Turtle Lake Tranquility MLSÂŽ 404411 Fractional ownership custom build log cabin, garage with loft $229,900

Exciting, family oriented business for sale. Close to Assiniboia, SK is this very well managed puppy nursery with 9 acres of land, good 3 bd. bungalow, corrals, riding arena, barn, plus much more. Excellent opportunity for the animal lover!

Subscribe

Ed Bobiash

Farm & Acreage Specialist 306-222-7770 s ed@edbobiash.com

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. DECEMBER AD DEADLINE: NOVEMBER 14TH

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

.FEJB ,JU 0O -JOF !

XXX XFTUFSOJOWFTUPS DPN

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

Saskatchewan/Manitoba B29

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

4BTLBUDIFXBO

Regina office market tightest

R

egina still has the least amount of office space available for rent in Canada, according to a report from commercial realtor Avison Young, which says “strong economic and population growth” in Saskatchewan will help keep the capital city office sector tight. Regina already has much lower office vacancy rates than any of the other 17 cities covered by Avison Young in its North American study. The current vacancy rate for class A buildings in Regina is 0.86 per cent, and that is not likely to change until 2012 when new office buildings come on the market. Class B buildings have an even lower 0.28 per cent vacancy. Most other Canadian cities have an overall office vacancy rate ranging closer to 10 per cent, Avison Young states. An estimated 780,000 square feet of new office space is planned or under construction in Regina, including a 16-storey tower at Rose Avenue and 12th Street that will be largest office building, by square footage, in the city. Also, Harvard Developments has started construction of the $100 million, 18-storey, 208,000-square-foot Tower III that is already 95 per cent leased. The Royal Bank of Canada predicts gross domestic product growth in Saskatchewan will reach 4.8 per cent in 2011, following a nation-leading high of 6.3 per cent in 2010. Meanwhile, Statistics Canada says that Saskatchewan is tripling the national average in wholesale trade gains. “Wholesale trade is the supply pipeline for many of the products flowing across the province,” Enterprise Minister Jeremy Harrison said. “Over the past year we’ve seen more jobs, more investment and more opportunity come to Saskatchewan. It’s no surprise that wholesalers are doing a brisk business within our borders.”

All this will help bring Saskatchewan building permit values to set another record in 2011, said the Avison Young report.

House prices rise 8 per cent

H

ousing prices in Regina rose 8 per cent in the third quarter of this year, compared with 2010, which is higher than the national average. Prices of some city bungalows soared 15.6 per cent, according to a survey by Royal LePage Real Estate Services. Regina home prices appear to settling in well above $300,000 this year, according to the latest Royal LePage report. Regina saw the average price of a detached bungalow rise 8 per cent to $316,500 from $293,000 in the third quarter of 2010, while the average price of a two-storey home rose 9.5 per cent to $300,000 during the same period, said the Royal LePage national house price survey. The price of a standard condominium in Regina averaged $198,000 in the third quarter, up 7.3 per cent from $184,500 last year, the survey said. This may be of interest to rental investors, who realize that Regina has the lowest apartment rental vacancy in Western Canada, at around 1 per cent, according to Canada Mortgage and Housing Corp. The area of Regina seeing the largest increase in average price was the north, where the average price of bungalows jumped 15.6 per cent to $312,000 in the third quarter. Two-storey house prices in the north increased 13.4 per cent to $270,000. The most expensive houses in Regina, however, are in the south, where prices average $321,000 for bungalows and $330,000 for two-storey houses. Nationally, the average price of a home in Canada increased between 5.7 and 7.8 per cent in the third quarter of 2011 compared with the same period last year. The average price of a detached bungalow was $349,974, a standard two-storey home was $388,218 and a standard condominium was $239,300, according to the survey.

AWESOME SASKATCHEWAN!

4 plex, bilevel style totally renovated. Many reno's and upgrades include walls, paint, laminate flooring throughout including common area, kithcen cabinets , windows, doors, counter tops, bathrooms redone, low flush toilets, new fixtures, shingles, vinyl siding and insulation. 4 two bedroom units; main floor one unit has a 2 bedrooms and den; the other has 2 bedrooms and balcony, 2 two bedroom units on lower level. Each unit has its own furnace, storage room, plug in, access to porch and yard. 24x14 detached garage with roughed in infloor heat plus 24x14 addition with concrete floor, 1824 sq. ft. building on a 125x150 sq. . ft. lot. Located in Blaine Lake Sask. 80 km north of Saskatoon. Asking $379,000 MLS.

Very attractive 3600 sq. ft. brick building in excellent condition with recent renovations that include metal roof, wiring, radiant heat, lighting, windows, paint throughout. Ideal building for commercial, retail or warehouse, has a full basement, storage area at back of the building. Located on a corner lot on a busy main street which is part of highway 12, lots of lake traffic, room for extra parking or expansion at rear of building. Currently operates as Rosemarie's Fashions with alterations room and coffee shop. Business has been in operation for 21 years, located in Blaine Lake, SK., 80 km north of Saskatoon. Asking $125,000 MLS.

Gary Hupaelo • 306-221-7190 ghupaelo@sutton.com • 3020 Arlington Ave, Saskatoon

Norland Realty

4LJFT CSJHIUFO GPS QSPWJODJBM ESJMM SJHT

R

eceding flood waters have allowed drilling rigs to ramp up production in the southeast Saskatchewan oil patch, with about 50 rigs active near Estevan, Stoughton and Weyburn. “Some operators, I heard, got out to do their checks in a boat,” said Roy Schneider, a spokesman for the Ministry of Energy and Resources from their Regina office. “Some wells were sandbagged and operaDrilling rigs back at work in southeast Saskatchewan. tors boated over but really, we haven’t received any reports of anything untoward affecting wells this spring and summer, no major problems on the production side.” Dean Pylypuk, superintendent of operations for energy and resources out of the Estevan office, said there has been a good three-month delay in production numbers coming out of the southeast, which means that the lower volumes are just now starting to surface at the provincial levels. “In other words, the flood numbers are just coming in now,” he said. Spring floods led to a massive release of reservoir water from the Rafferty and Boundary Dams in early June, which pretty well put the oil patch on the shelf for another month. This was usually a period in which the industry is going full bore following the typical modest three-to-six-week spring road ban season. The Petroleum Services Association of Canada (PSAC) now forecasts that drilling activity in Saskatchewan is heading for a 17 per cent increase this year, floods or no floods. It is now predicted that Saskatchewan will be able to drill 3,273 wells this year, according to PSAC. The rig utilization rate in Saskatchewan is the highest in Western Canada, noted Schneider, at 69 per cent. Of the 1,329 wells drilled in Saskatchewan, 1,305 were seeking oil while only 24 were going for natural gas. “Unless we see a dramatic price shift, I don’t see that ratio changing,” said Schneider. “There is a whole bunch of nice sweet crude still sitting in the Bakken down there and they’ll still go after it and the numbers show that the water hasn’t severely impacted overall production ... yet. It seems we’re still in positive shape across the province and once we get the southeast back to full stream again, it could well be a banner year.” – Norm Park, Estevan Mercury Photo: Totem Drilling

8)"5¤4 )"11&/*/( */

This means that Regina has among Canada’s lowest house prices compared with other major ciites. But Regina may also have a much stronger potential than other cities. Royal LePage said that the national rise in price defied expectations and suggested that record-low interest rates and a fairly stable Canadian economy have bolstered consumer confidence.

A LTO N A ,

MB

A growing town with BIG opportunities

Strip Mall - $688,000 Positive Cash Flow! 9 Tenants. Full Occupied. In Near new Condition. 12,5000 sq. ft.. Cap Rate - 8%. Net Income Approx. $54,000/yr. Vendor Assistance Possible.? Agents Welcome. www.BorderRealty.net

FOR SALE – REAL ESTATE 72 Broadway Street, Yorkton, SK Land Size: 1.56 acres = 67,594 sq. ft. Building Size: 44,200 sq. ft. Sale Price: $695,000 Contacts: Barry Stuart, Kelly Macsymic and John Kachur

ICR Commercial Real Estate icrsaskatoon.com ME

NT

MANITOBA MARVEL!

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

ATEAH REALTY LTD MELODIE ATEAH BROKER/OWNER

1-866-755-5406

204-324-8348

www.ateahrealty.com

sales@borderrealty.net

INVESTMENT OPPORTUNITY

FOR SALE Highway 9 South, Hudson Bay, SK Land Size: ±18.88 Acres Building Size: ±39,380 sq. ft. Sale Price: $1,900,000 Contacts: Eugene Hritzuk, Davin Heiser

However, the third quarter of 2010 was a relatively weak period for housing prices, which makes the increase this year appear rosier than they are and may mask a decline in prices in the months ahead, it suggested. “The strength in Canada’s national housing market conceals signs of predictable softening in some regions,” said Phil Soper, president and chief executive of Royal LePage.◆

RETAIL INVESTMENT OPPORTUNITY

FOR SALE 2020 Quebec Avenue, Saskatoon, SK Land Size: 16,553 sq. ft. or 0.38 acres Building Size: ±8,530 sq. ft. (Approx. 60’ x 141’) Sale Price: $860,000 Contacts: John Kachur, Jayson Elenko

FOR SALE 928 - 8th Street, Saskatoon, SK Land Size: 85’ X 125’ = ±10.625 sq. ft. Building Size: ±4,789 sq. ft. Sale Price: $1,995,000 Contacts: Barry Stuart , Kelly Macsymic

'RZQWRZQ RIÀFH 1RUWK RIÀFH

“Saskatchewan’s largest commercial real estate company”

B30 Manitoba

.BOJUPCB

Downtown tower erases Canwest

T

he last vestige of the CanWest empire is being erased from the largest skyscraper in downtown Winnipeg. Hoping to avoid the kind of moniker confusion that has plagued one of its Portage and Main neighbours, the building formerly known as “Canwest Global Place� and “Canwest Place� has been officially rechristened “201 Portage.� Terry Orsulak, senior property manager at Creswin Properties, which owns the 32-storey building, said the company wanted to make a clean break with the past. The building has been quietly called 201 Portage since last November when the bankruptcy of former media company Canwest nullified the licensing agreement it has with Creswin. Orsulak said there are no plans to sell the building’s naming rights to any company. It does plan, however, to sell the space at the top of the building as a “highrise billboard� to a willing partner. Kitty-corner from 201 Portage is 360 Main Street, a building that has struggled in the name game. It was called the Commodity Exchange Building long after the Commodity Exchange ceased to be a tenant and is still referred to as the “Trizec Building.� It was never officially known by this name but developed the moniker because Trizec built the tower.

Convention Centre calls for proposals

A

much-talked-about expansion of the Winnipeg Convention Centre (WCC) could be the catalyst for the biggest downtown revitalization project in four decades. The request for proposal issued by the WCC

this summer explicitly mentioned being part of a much larger project, one that includes a hotel, a parkade and ideally a residential component and an office or retail complex. The plans would likely include the redevelopment of several surface parking lots in the downtown area, which have been widely panned as blights on the neighbourhood. Klaus Lahr, president and CEO of WCC, said this proposed development could result in triple the investment that was put into the MTS Centre. The 15,004-seat hockey rink opened in 2004 at a cost of $133.5 million. The proposals are now under review and the WCC is expected to make a final decision by the end of the year.

Eatery puts hightech on menu

W

ould you like a side of technology with that? The owner of Winnipeg’s newest restaurant is confident that Rudy’s Eat & Drink will be the most technologically advanced eatery in the province when it opens its doors this month. Servers, for example, will be equipped with handheld devices, which will immediately transmit customer orders from the table to the kitchen, a vastly more efficient system than waiting for the server to punch in multiple orders from an in-house terminal. “Being a chef, there’s nothing more irritating than five orders coming in at once,� said Michael Schafer, who also owns Sydney’s at The Forks. Other technological elements at Rudy’s include the tweets and postings of social media buffs being shown on a giant video wall and messages being pushed out to customers’ phones about immediate specials on domestic beer and chicken wings. Rudy’s, which has leased out space on the main floor of the new headquarters of Manitoba Hydro on Portage Avenue, will also take the jukebox to a new level. Customers will be able to request songs from the restaurant’s iPod with their smartphones. (There’s no risk of customers playing anything inappropriate, Schafer said, because he controls

Manitoba Magnificence

4IJOEJDP QMBOOJOH NVMUJNJMMJPO EPMMBS NBMM

A

former empty greenfield site that now hosts large-scale projects and an annual fair on the western outskirts of Winnipeg is about to get another huge dose of development. Shindico Realty Inc. is planning to spend “tens of millions� of dollars on a gigantic commercial development to be called “Westport Festival.� According to preliminary plans, the mix will include retailers both large and small, Shindico’s retail centre will be located one or two hotels, a movie multiplex and next to the MTS Iceplex. restaurants on an 18-hectare parcel of land. John Pearson, a commercial leasing specialist with Shindico Realty Inc., said he plans to have many tenants secured well in advance of breaking ground in 2013. “What’s unique about the area is the fact you’ve got a cluster of major regional tourism attractions already adjacent to the development, which feeds into hotels and restaurants,� he said. In the past few years, the area has been a development hot spot, highlighted by a 15-dealership auto mall, the MTS Iceplex, the $27 million, four-sheet practice facility for the Winnipeg Jets, and the permanent home of the Red River Exhibition, the annual fair that comes to Winnipeg every June. Photo:MTS Iceplex

8)"5¤4 )"11&/*/( */

www.westerninvestor.com NOVEMBER 2011WESTERN INVESTOR

for-profit operation. The new organization will be known as Winnipeg’s Cultural City Hall Inc., an informal moniker Hughes has been using for years to describe the screenings of short films by local filmmakers, poetry readings, puppet plays for adults and music that he presents on a daily basis. “We’re the second-busiest arts and culture venue in Canada. We’ve been trying to make Winnipeg a better place as it gets taken over by the Dollaramas and Moxie’s of the world,� he said. In order to ensure the long-term viability of the operation, however, Hughes needs to popular downtown bookstore may live sell the 8,400-square-foot building. He would on if its customers are willing to take hate to sell it to some multi-national corpothe plunge into ownership themselves. ration so he’s hoping his customers will buy The owner of Aqua Books and Eat! bistro shares in a co-op. was overwhelmed with pleas to stay open Things aren’t as rosy on the food side of after he announced plans to close down in the things. Eat! is expected to close down in the fall. Now, Kelly Hughes is planning to downsize coming weeks but Hughes said he’s hopeful that another restaurateur will move in. ◆ the bookstore and convert it and the accompanying theatre and events room into a not– Compiled by Geoff Kirbyson

the list of songs.) Rudy’s is one of what is expected to be a significant number of new restaurants to open up in the downtown area in the coming months as entrepreneurs look to tap into the more than 15,000 hockey fans who will descend upon the MTS Centre for Winnipeg Jets games more than 40 times this year.

Customers urged to buy bookstore

A

CARMAN & NEEPAWA, MB FOR SALE – RETAIL PORTFOLIO – 9.5% CAP!

Escape the Rat Race! 320 acres of nature's paradise in the Turtle Mountains along the USA. border. 1 Hr. SW of Brandon. Follow the trails of native hunters, fur traders & boundary surveyors. Trees, ponds, wildlife & historic features. No electricity or running water. Peaceful cottage with a convenient outhouse!

Westman.com

Busy Motor Hotel in the resort & agriculture centre of SW. MB. 19 rooms, restaurant, bar, pub, beer vendor plus 6 VLT's. Don't miss this opportunity!

Please call:

204-761-6884

GRANT TWEED

grant@granttweed.com www.granttweed.com

Family Opportunities! INVESTMENT: Single tenant, 8% CAP rate, 10,000 sf building. Long Term Lease, Price $1,050,000 FRANCHISE PIZZA BUSINESS: 4 years old, great family business, approx., $150,000 mortgage available (OAC). Price $275,000 INVESTMENT: 4 tenant strip mall, 8% CAP, long term tenants. Price $1,150,000 GROCERY STORE: Million dollar sales, Price $329,000 plus stock. Must Sell! Owner has health issues. HOTEL: With ;living quarters, price of a house! Plus make yourself $100,000 a year! Price $329,900

Century-21 Westman.com Brandon, MB

Direct Line: 204-729-5074

Email:

mmelnyk@mts.net

INVESTOR OPPORTUNITY Two newly built, fully tenanted retail bldgs. 10 year leases in place National Tenant with over 250 locations Two buildings totalling 20,080 square feet 15% ROI with existing financing Sale Price: $2,350,000 or $117 per sq ft 9.5% cap rate Maintenance free, hassle free, sit back and collect rent!!! Realtor cooperation – 2%

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

Franchises B31

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com

changer for how the industry will operate from now on and a huge win for consumers.� Ken Leblanc, president and CEO of PropertyGuys.com said the union would lead to lower fees for clients and “access to brokerage services that were previously off limits.� Realtysellers will initially manage and provide brokerage services for customers listing ow paying for fast food is much their property on www.realtor.ca, the national faster than the food MLS service provided by the Canadian Real Estate Association. Soon the partnership itself. will offer full services with low-cost inteNew point-of-sale grated brokerage and non-brokerage services technology using Tap-and-go pay MasterCard’s PayPass to customers, Dale said. system speeds contactless payment McDonald’s. technology began at more than 1,400 McDonald’s locations across Canada this summer. Customers can use the PayPass technology within cellphones or credit cards to quickly and securely pay for their purchases with a ontreal-based MTY Food Group Inc. tap of their card or phone on a PayPass pointhas purchased Mr. Submarine Ltd. for of-sale terminal. $23 million cash. MTY, the franchisor and operator of various quick-service restaurants such as Thai Express, TacoTime and Sushi Shop, said the purchase is its biggest to date and will help it reach new customers. “It does increase our presence outside the food court [the main location of MTY restaurants],� said Eric Lefebvre, vice-president of finance of MTY. The deal closed in late summer. iscount real estate sales franchise Mr. Sub, a privately owned 43-year-old PropertyGuys.com Inc. has teamed company has 335 stand-alone and mall food up with real estate brokerage group court restaurants across the country that are Realtysellers Real Estate Inc. to create one of the largest real estate enterprises in under franchise or operator agreements. About 80 per cent of Mr. Sub’s restaurants Canada. are in Ontario, with the rest spread out in “Canadians are set against paying billions of six other provinces, MTY said. The Mr. Sub dollars annually in high commissions to traoutlets will expand MTY’s network to 2,070 ditional real estate companies. By partnering restaurants. together, PropertyGuys.com and Realtysellers It’s too soon to say if there will be any will be uniquely positioned to deliver the broadest range of professional services at a more rea- changes to Mr. Sub restaurants, Lefebvre said. MTY said the acquisition of Mr. Sub is in sonable cost,� said Lawrence Dale, president line with its strategy to acquire profitable and CEO of Realtysellers. “This is a real game Photo: McDonald’s Canada

McDonald’s Canada opens PayPass windows

N

Food chain swallows Mr. Sub

M

PropertyGuys links with Realtysellers

D

C

alifornia-based CKE Restaurants Inc., the operator of Carl’s Jr., has opened a new outlet in Kelowna as it continues discussions for new franchise agreements in Vancouver and three other western Canadian locations. CKE, through its subsidiaries, has a total of 3,202 franchised, licensed or companyoperated restaurants in 42 states and in 23 countries, including Canada. There Carl’s Jr. opens in Kelowna as part of its are 1,278 Carl’s Jr. restaurants and 1,914 Western Canada expansion. Hardee’s restaurants in the chain. “We are very excited to launch Carl’s Jr. in Kelowna with our great partner CKE Restaurants,� said John Dowling, president of Jove Franchise Development Corp. Jove is seeking qualified franchisees to develop the brand across Canada. “With our longstanding history of successfully operating the Carl’s Jr. brand in the Western United States, it was a natural progression to open the brand in Western Canada,� said Andrew Puzder, CEO of CKE. “We are confident that the strength of our brand combined with Jove’s management expertise and passion for our brand will secure a bright future for Carl’s Jr. in the Canadian market.� Known for its quirky advertisements and healthy turkey burgers, the fast-food chain is taking a cue from more upscale restaurants with its steakhouse offering. A Carl’s Jr. turnkey franchise requires an investment starting at $1.3 million, including an initial franchise fee of $35,000, good for 20 years, plus a royalty fee of 4 per cent. Photo: CKE Restaurants Inc.

News, views and updates on Canada’s franchise industry

$BSM¤T +S MBVODIFT JO 8FTUFSO $BOBEB

chains that diversify its food offerings and strengthen its market share. In fiscal year 2011, Toronto-based Mr. Sub generated sales of more than $100 million, it said. The Mr. Sub acquisition is the second that MTY announced this year. The company said it will acquire restaurant chain Koryo Korean BBQ Franchise Corp. for $1.8 million in cash. Koryo has 20 mostly franchised restaurants in Alberta, British Columbia, Saskatchewan, Ontario and Quebec.

Investment Group (TCIG) has acquired the first Canadian franchise of Famous Dave’s barbecue restaurant, after nine months of negotiations. Winnipeg-based TCIG is a private equity investment fund owned by the seven tribal councils of Manitoba. Famous Dave’s chief executive Christopher O’Donnell said the company chose TCIG because of its growth and diversified business. TCIG also owns and operates the master franchise of Wok Box, a quick-food-service Asian concept, and Arctic Beverages Ltd., which services the largest territory in Canada with Pepsi and Frito-Lay products. Minneapolis-based Famous Dave’s was founded in 1994. Based on its U.S. pricing formula, a Famous Dave franchise requires a amous Dave’s of America will open its minimum investment of $630,2500, with an first international location in Canada initial franchise fee of $40,000, plus a 5 per in Winnipeg in June 2012, the company reports, in a deal with local native councils. cent royalty fee.◆ A subsidiary of Winnipeg’s Tribal Councils – Compiled by Kevan O’Brien

Famous Dave’s chooses Winnipeg

F

NEW Franchise Opportunities !

FRANCHISE WITH EXPERIENCE Grow with us in Kelowna, Calgary, Aidrie, Okotoks, Edmonton, Grande Prairie, Saskatoon, Regina & Winnipeg

A franchise partnership with DQÂŽ, a Berkshire Hathaway Company, enables you to enjoy the benefits of a well-established family of concepts such as: UĂŠĂˆä³ĂŠĂži>Ă€ĂƒĂŠÂœvĂŠvĂ€>˜VÂ…ÂˆĂƒÂˆÂ˜}ĂŠiĂ?ÂŤiĂ€Âˆi˜Vi UĂŠ-ĂŒĂ€ÂœÂ˜}ĂŠLĂ€>˜`ĂŠĂ€iVÂœ}Â˜ÂˆĂŒÂˆÂœÂ˜ UĂŠ-Ă•LĂƒĂŒ>Â˜ĂŒÂˆ>Â?ĂŠÂŤĂ•Ă€VÂ…>ĂƒÂˆÂ˜}ĂŠĂƒĂŒĂ€i˜}ĂŒÂ…ĂŠ>˜`ĂŠ>`Ă›iĂ€ĂŒÂˆĂƒÂˆÂ˜}ĂŠÂŤÂœĂœiĂ€ UĂŠ Ă?ViÂŤĂŒÂˆÂœÂ˜>Â?ĂŠvĂ€>˜VÂ…ÂˆĂƒiĂŠĂƒĂ•ÂŤÂŤÂœĂ€ĂŒĂŠĂƒiĂ€Ă›ÂˆViĂƒ

Are you an entrepreneur? Coffee lover? Service specialist? Talk to us about joining our franchisee network – over 350 cafÊs strong across Canada.

1-800-569-6318 franchising@secondcup.com www.secondcup.com

Our Vision for the Future “We will be the franchise food system of choice!�

Phone:

MEMBER

Independently owned. Uniquely Canadian.™

CONNIE WOLBAUM

CHRIS FALLE

FRANCHISE DEVELOPMENT MANAGER AB/SK

DIRECTOR OF FRANCHISE DEVELOPMENT BC/MB

306-949-7889

Email:

connie.wolbaum@idq.com

Phone:

(604) 952-0202

www.dairyqueen.com

Email:

chris.falle@idq.com

B32

www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.