Commercial Investor - Ontario - February 26, 2022

Page 1

Featuring: Commercial•Industrial•Franchise+Business Opportunities

FREE

February 26–March 26, 2022 Volume 22 | Issue 3

Full Coverage Area Including: London • Kitchener • Niagara Falls • Hamilton • Toronto • Ottawa

FOR SALE

BOUTIQUE HOTEL RESORT

EXCLUSIVE

26 Modern Luxurious Suites. Lots of Space to Expand.Constructed Approx. 7 Years Ago Shows Life New Located Close to Lake Huron. High Cash Flow. Great Exposure

INDUSTRIAL & DEVELOPMENT LOTS In Huron and Bruce County Call for more information.

Renate Sieber-Schlegal BROKER OF RECORD

DIR: 519.531.1177 • OFF: 519.357.3322

LAND EXCHANGE LTD., BROKERAGE INDEPENDENTLY OWNED & OPERATED

SPECIALIZING IN THE RESIDENTIAL CARE HOME INDUSTRY Ř %HG &RPPXQLW\ +RPH IRU 2SSRUWXQLWLHV &+2 LQ /RQGRQ 2QWDULR IRU VDOH 0 Ř %HG 5HWLUHPHQW +RPH $YDLODEOH LQ 6: 2QWDULR IRU VDOH 0 Ř %HG 6: 2QWDULR KRXVLQJ ZLWK VXSSRUW 0 Ř %HG 6: 2QWDULR KRXVLQJ ZLWK VXSSRUW 0 %X\HU PXVW KDYH H[SHULHQFH LQ KHDOWKFDUH DQG ZRUNLQJ ZLWK SHRSOH ZKR H[KLELW PHQWDO KHDOWK

Broker

519.859.0133

rahimcharania@gmail.com

Investors The A-Team

GTA Investment Property FAMILY SPORTS CENTRE 8 ROOMING HOUSE PORTFOLIO BAR RESTAURANT DAY CARE PLUS DEVELOPMENT SITE 16 UNIT TOWNHOUSE SITE GOLF COURSE MEDICAL CENTRE MID RISE CONDO DEVELOPMENT SITE

OPPORTUNITY KNOCKS! Bob Airey 416-705-7507 Bobairey@royallepage.ca

INSTANT GLOBAL NETWORKING ADD LISTINGS, HAVES & WANTS

www.ICIWorld.com SEARCH FREE DAILY. 4 SECONDS. 4 CLICKS. MAKE CONNECTIONS. SEE COMMERCIAL AND RESIDENTIAL REAL ESTATE OPPORTUNITIES 416-214-4875

Get the free ICIWorld App


$1,595,000

103 CEDAR DRIVE, TURKEY POINT Valuable 0.33 ac Comm/Res. property boasting 63.98’ft of “Centre Stage” frontage on Turkey Point’s famous beach strip. Poss.“The Best” beach-front location in this L. Erie resort town. Established Comm. Restaurant operates as “Blue Sky Fries”offers aprx. 2000sf work area. Restaurant is leased on a year to year basis-call LS for details* Incs clean 3 bedrm winterzd home (aprx. 1000sf)sit. behind

$1,250,000

29 MAIN STREET N. HAGERSVILLE Tremendous Hagersville Commercial Opportunity. Turn key Cash flowing Investment property w/ numerous updates throughout. Rapidly expanding demographic of homes, condos, & development in the town. GROSS INCOME of $72,000 with minimal expenses. Thriving restaurant“Dinger’s Taps & Grill” has signed a 5 year lease @ $4,000 per month (2% increase per year) + utilities & is responsible for all exterior snow maintenance with an Additional 5 year option to renew. The beautifully finished UL apartment

$2,350,000

8794 INDIAN LINE, HAGERSVILLE Established, profitable Meat Abattoir. Incs 19ac parcel w/2 road frontages, totally renovated in 2008/09 fully equipped Provincially Inspected Meat Plant w/recent OMAFRA “A” Audit ftrs food grade approved walls/ceilings/SS doors/equipment. Incs updated 4 bedrooms/2 baths home ftrs lifetime metal roof + metal clad 57x38 outbuilding w/conc. floor, hydro.

$3,400,000

3443 NINETEENTH ST, JORDAN STATION Certified Organic 64+ acre vineyard in the renowned Niagara Peninsula. Excellent & rare opportunity to purchase a quality producing Organic vineyard with multiple award winning wines, complete with a 2,500 sq ft outbuilding. 56 acres currently planted to Sauvignon Blanc, Pinot Noir, Riesling and Chardonnay with an option for additional new Cabernet Franc vines to be replanted.

2


$1,699,900

11 BELMONT AVE W, KITCHENER

AAA location for this spa/ physiotherapy clinic located on 2 public transit lines. Live/work space with Institutional/Residential Zoning (I-1) that allows for many professional uses. The 3,600sf building features three dedicated entrances with spa/clinic layout on lower 2 levels & a 4 bedroom residential home on upper 3 levels. Featuring gym area in basement, sauna, steam room, contrast showers, custom built soaking tub with underwater traction and so much more.MLS. CALL RYAN BRIGGS

$950,000

432 QUEEN ST S, KITCHENER

t Retail unit available at Bauer Marketplace in Uptown Waterloo. t $27/sf rent plus $10.50sf CAM. t Great location close to Mark Nunes, Bauer Kitchener, and Vincezo's t Zoning allows many retail and office uses. t Exclusive.

CALL RYAN BRIGGS

CALL DUNCAN MCLEAN

$27/SF NET

66 WEBER ST E, KITCHENER

$18/SF

187 KING ST S, WATERLOO

519.578.0337

$20/SF NET

270 KING ST E, KITCHENER

t 3,337 sq. ft. retail/office building t Attractive brick & beam openconcept space t Numerous recent improvements. t Large windows provide an abundance of natural light. t 1,984 sq. ft. of main floor, and 1,353 sq. ft. of second floor. t Located on public transit route one block from LRT stop. t Located within steps of Kitchener Market. t MLS.

t 2,800 sq. ft. for restaurant user t 650 sq. ft. patio t Ground floor of 11 storey apartment building t May 2022 occupancy t CAM & taxes estimated at $12.00/ sq. ft. t Close to many major businesses including Waterloo Courthouse, Conestoga College, Centre in the Square, Waterloo Region Police, CRA and many offices in the Galleria t MLS CALL REBECCA RAWLINGS 519-578-0337

KITCHENER, ONTARIO

$27/SF

191 KING ST S, WATERLOO

Investment Opportunity Great Location close to downtown Kitchener for this fully rented mixed use semidetached triplex. Featuring a main floor 1,600 square foot commercial unit with 2 recently renovated residential units above. The building generates over $47,000/year in gross income, is situated on public transit line, has 4 designated parking spaces. Exclusive.

CALL NEIL KOEBEL

$15/SF GROSS

82 WEBER ST E, KITCHENER

t 2,405sf second floor loftstyle office unit. t Available immediately. t Various rental units also available. t Located in Bauer Building in Uptown Waterloo. t Many amenities onsite & within walking distance. t On public transit route. t Ample parking available. t Exclusive.

t 1,260sf office space in Downtown Kitchener. t Available immediately. t Ideal for lawyer, accountant, massage therapist, chiropractor t Close to Region of Waterloo courthouse, Conestoga College. t On public transit route, close to the LRT and amenities. t MLS.

CALL DUNCAN MCLEAN

CALL REBECCA RAWLINGS 519-578-0337

CELL:

NEIL KOEBEL

RYAN BRIGGS

DUNCAN MCLEAN

Broker of Record

Sales Representative

Sales Representative

519.741.6594

Neil@cmarealty.ca

CELL:

519.498.5775

Ryan@cmarealty.ca

CELL:

519.590.7997

Duncan@cmarealty.ca 3


$4,299,900 &+$5Ζ1* &5266 6WUHHW %UDQWIRUG 2QWDULR 1 5 ; 0/6

Shawn MacDonald

Salesperson

519-771-8414

5 PARCELS OF LAND WITH MIXED RESIDENTIAL AND COMMERCIAL

5 PARCEL PACKAGE - Combined to make 4.722 acres in the core of core of the booming Brantford, Ontario, . Including 9 retail store fronts with an additional 4-7 rental units in rear. The retail plaza is fully tenanted and allows for a great return. Over 25000 sq ft of retail plus storage. PLUS - 3 acre Residential building lot. (3 parcels, combined, to make approx. 3.01 acres.) Zoned H-R4A, this SURSHUW\ KDV ORDGV RI IXWXUH SRWHQWLDO 8S WR 97% DYDLODEOH WR TXDOLȴHG SXUFKDVHU

INCOME AND EXPENSE AND GEO-TECHNICAL REPORT AVAILABLE UPON REQUEST 4


ϳϬϱͲϱϯϲͲϬϳϭϵ | ϴϲϲͲϲϲϯͲϮϱϱϱ www.OntarioApartmentGroup.ca WƌŽǀŝĚŝŶŐ ĞdžĐĞƉƟ ŽŶĂů ǀĂůƵĞ ĂŶĚ ŝŶƐƟ ƚƵƟ ŽŶĂů ƋƵĂůŝƚLJ ƐĞƌǀŝĐĞ ƚŽ ďƵLJĞƌƐ ĂŶĚ ƐĞůůĞƌƐ ŽĨ ŵƵůƟ ĨĂŵŝůLJ ĂŶĚ ŵŝdžĞĚͲƵƐĞ ƉƌŽƉĞƌƟ ĞƐ ŝŶ KŶƚĂƌŝŽ

PORT PERRY, ON

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TROPHY PROPERTY WITH UPSIDE

LINDSAY, ON

D: L O S

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FENELON FALLS, ON

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$1,200,000 ͻ dĞŶĂŶƚ Dŝdž͗ Ϯ ƌĞƚĂŝů͕ ϯ ĂƉĂƌƚŵĞŶƚƐ ͻ ƵƐLJ ĚŽǁŶƚŽǁŶ ůŽĐĂƟ ŽŶ LJĞƚ ůĞƐƐ ƚŚĂŶ Ϯ ďůŽĐŬƐ ĨƌŽŵ ďĞĂƵƟ ĨƵů >ŽĐŬ ϯϰ ŽŶ dƌĞŶƚ ^ĞǀĞƌŶ tĂƚĞƌǁĂLJ ͻ hƉƐŝĚĞ ƉŽƚĞŶƟ Ăů ƚŚƌŽƵŐŚ ŵĂƌŬĞƚ ůĞĂƐŝŶŐ ͻ ůŽƐĞ ƚŽ ďŽĂƚ ůĂƵŶĐŚ͕ ďĞĂĐŚ͕ ůĂŬĞƐ ;D>^Ϳ

DOWNTOWN FENELON FALLS

Derek Green ^ĂůĞƐ ZĞƉƌĞƐĞŶƚĂƟ ǀĞ

Derek.Green@OntarioApartmentGroup.ca ͻ P 705.536.0719 ͻ M 705.872.7002 KŶƚĂƌŝŽ ƉĂƌƚŵĞŶƚ 'ƌŽƵƉ͕ ZĞͬDĂdž ĂƐƚĞƌŶ ZĞĂůƚLJ /ŶĐ͕͘ ƌŽŬĞƌĂŐĞ ϵϭ 'ĞŽƌŐĞ ^ƚƌĞĞƚ EŽƌƚŚ͕ ϮŶĚ &ůŽŽƌ͕ WĞƚĞƌďŽƌŽƵŐŚ KE <ϵ: ϳzϴ

Industrial Specialists Interested in the future potential of your property? Let us show you what we can do.

1.800.914.7510 spearheadpm.com | info@spearheadpm.com 5


INVESTMENT OPPORTUNITIES CBRE INVESTMENT TEAM

0 CAMERON STREET | BAYFIELD

4452 WELLINGTON RD. S. | LONDON

± 7.18 Acres =RQHG )XWXUH 'HYHORSPHQW 2I¿FLDO 3ODQ ± 5HVLGHQWLDO $VNLQJ

David Yanoshita* GDYLG \DQRVKLWD#FEUH FRP +1 519 286 2020

Greg Harris* JUHJ KDUULV#FEUH FRP +1 519 286 2011

21556 RICHMOND ST. | ARVA

RFFXSDQF\ %ULFN DQG %HDP LQ 'RZQWRZQ .LWFKHQHU &ORVH SUR[LPLW\ WR 9LD 5DLO 6WDWLRQ DQG XSFRPLQJ /57 +XE 7UDQVLW 6WDWLRQ

Randy Fisher** UDQG\ ÀVKHU#FEUH FRP +1 519 286 2009

Todd Cooney** todd.cooney@cbre.com +1 519 340 2314

Larin Shouldice* ODULQ VKRXOGLFH#FEUH FRP +1 519 286 2019

DEVELOPMENT LAND | WOODSTOCK

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Kevin MacDougall** NHYLQ PDFGRXJDOO#FEUH FRP +1 519 286 2013

David Yanoshita* GDYLG \DQRVKLWD#FEUH FRP +1 519 286 2020

RETAIL/OFFICE INVESTMENT | ELMIRA

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Joe Benninger* joe.benninger@cbre.com +1 519 340 2323

100 AHRENS ST. W. | KITCHENER

±21.00 Acres =RQHG $VVRFLDWHG 6KRSSLQJ $UHD &RPPHUFLDO $6$ $6$ $6$ K $VNLQJ SHU DFUH

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Martin Cote* martin.cote@cbre.com +1 519 340 2317

Joe Benninger* joe.benninger@cbre.com +1 519 340 2323

Dean Mariani* dean.mariani@cbre.com +1 519 340 2308

RESIDENTIAL DEVELOPMENT | PICTON

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Martin Cote* martin.cote@cbre.com +1 519 340 2317

James Craig* MDPHV FUDLJ #FEUH FRP +1 519 340 2330

1125 TALBOT STREET | ST. THOMAS

$FUHV ZLWK 6) EXLOGLQJ IRRWSULQW ,GHDO IRU 2ZQHU 8VHU =RQHG (PSOR\PHQW /DQG $VNLQJ 36)

Randy Fisher** UDQG\ ÀVKHU#FEUH FRP +1 519 286 2009

LONDON

WATERLOO REGION

WINDSOR

:HOOLQJWRQ 6WUHHW 6XLWH +1 519 673 6444

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Larin Shouldice* ODULQ VKRXOGLFH#FEUH FRP +1 519 286 2019

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6


George Gicopoulos Sales Representative Business-Commercial Sales and Leasing

WE MADE THE SWITCH TO EXP., MAYBE YOU SHOULD TOO!

Cell 519-852-4458

$550,000

• Great location, visibility + signage • Over 200 seats inside plus patio • Same owner for about 20 years • Profits in the $250,000 range • Surrounded by many hotels/motels • Exeter Rd on the 401 exit next to Wellington Rd

seangic@gmail.com

Cell 519-852-4426

PROPERTY AND BUSINESS, LONDON

BRAND NEW GRAND BEND DINER/BEACH CLUB

FAMILY STYLE RESTAURANT, LONDON

Sales Representative Investments And Residential

COMMERCIAL CANADA INC

ggicopoulos@gmail.com

• Main St near new hotels and developments • Two operations in one space, breakfast and lunch by day, dinner and lounge by night. • Development cost of $325,000 plus

Sean Gicopoulos

• • • • •

1 MILL ST STIRLING ON

Great starter investment $379,000 In the middle of Stirling, On Property being renovated for a new tenant 5 year net-net lease with renewals A 6% cap rate

Free standing over 6000 SF building Succesful family style restaurant Recently renovated Great location and visibility $3,250,000 Just under one acre of land

• • • • •

SOUTHWESTERN ON RESTAURANT W/ PROPERTY 1.9 MIL

IDEAL FOR CONVENIENCE STORE IN PRESCOTT

• Sales well above 2 mil. • Profit in access of $300,000/year • 5,200 sq ft building on 1.3 acres • Ample parking

LONDON ROADHOUSE $250,000 • Completely renovated recently • Great patio • Long term lease • 127 inside 37 on patio

• 2,400 sq ft former Circle K • Ideal for convenience store with most equipment still in place • Zoning permits many other office & commercial uses • Corner location with about 18 parking spots

New Price

$595,000 or $17/sq ft

SUMMA PROPERTY MANAGEMENT

Professional Property Management & Consulting In the Property Management Industry since 1984.

Our superior service includes managing multi-unit Residential/ Commercial/ Retail/Industrial/ Condominium properties. We also manage and rent Condominium investment units. We abide by all Covid-19 regulations.

647.341.7990

www.summapm.com

propman@summapm.com 7


LOCATION, LOCATION!!!

$6500 + HST + TMI

DIRECTLY ACROSS FROM UFT

• Popular designated sandwich shop for University and patrons of the Spadina/ Harbord area. • Top of the line, super clean, equipment including salad bar, bread machine, walkin cooler, freezer, storage spaces, grill, microwave, some extra containers for the salad bar, tomato, and pepper slicer. • Offered @ $6,500/month plus TMI and HST • 3yr lease with option to renew

416-785-6699 Email: pirikeddy@gmail.com 8

• Seating on upper floor for 17 people. • 2 bathrooms


contents 16 24

Seven low-cost marketing strategies

NEXT ISSUE:

March 26, 2022 ADVERTISING DEADLINE:

Vacant possession

March 16, 2022

REGIONS Kitchener, Waterloo & Guelph ...............10 Hamilton ...............................................19 Greater Toronto Area.............................20 Eastern Ontario .....................................22

YORK BRAMPTON GUELPH

DURHAM

TORONTO MISSISSAUGA

KITCHENER/ WATERLOO LONDON

OTTAWA

HAMILTON

GROUP SALES MANAGER Randi Segal

CIRCULATION INQUIRIES distributionteam@mediaclassified.ca

1.866.536.2606

DIRECTOR OF PRINT MEDIA Lauren Reid-Sachs

randi.segal@mediaclassified.ca TO ADVERTISE Chris Bosnich

1.866.532.2609 chris.bosnich@mediaclassified.ca PRESIDENT & PUBLISHER Leo Racioppo leo@mediaclassified.ca CHIEF OPERATING OFFICER John Racioppo john@mediaclassified.ca ACCOUNTING INQUIRIES accountingteam@mediaclassified.ca

GRAPHIC DESIGNER & ASSISTANT MANAGER Alicesa Pullan GRAPHIC DESIGNER & PRE-PRESS COORDINATOR Hannah Yarkony GRAPHIC DESIGNERS Johannah Lorenzo, Yvonne Poon, Mike Terentiev All submissions from interested parties will be considered. Please submit to the editor at editorial@mediaclassified.ca

HOME OFFICE 610 Applewood Crescent, Suite 401, Vaughan ON L4K 0E3 T: 905.761.3313 press 5 | Toll Free: 888.761.3313 press 5 F: 905.761.5038 E-mail: info@thecommercialinvestor.ca Website: thecommercialinvestor.ca Copyright Notice All copyright and other intellectual property rights in the contents hereof are the property of Commercial Investor, and not that of the individual client. The customer has purchased the right of reproduction in Commercial Investor and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of Media Classified Corporation. Contents of this publication, in hard copy format as well as online, are covered by copyright law, and offenders will be prosecuted. Copyright 2022. All rights reserved. Reproduction, storage in a retrieval system or transmission, in any form or by any means, whether electronic, mechanical or otherwise, in whole or in part, without prior written permission of Media Classified Corporation is strictly prohibited.


KITCHENER/WATERLOO GUELPH & CAMBRIDGE

519.742.7000 www.coupalmarkou.com

19 & 33 EZRA AVENUE, WATERLOO

SALE

• 232 Bedrooms • 6LJQLÀFDQW XSVLGH RQ rents • Elevator Access • Excellent location • Free and clear of ÀQDQFLQJ • Institutionally owner & professionally managed • $27,000,000 MLS

21 MANITOU DRIVE, KITCHENER

SALE

• 5.68 Acre site zoned EMP-2 • Large piece of land is currently operated as a Auto recycler / salvage yard and includes a building consisting of approx. 3,840 sq ft • Seller is willing to consider selling equipment related to the auto salvage business • Environmental assessment completed • $8,950,000 MLS

SALE

325 KING STREET EAST, KITCHENER

SALE

• Located in the core of downtown Kitchener • Potential development of 24 residential units ZLWK VT IW PDLQ ÁRRU FRPPHUFLDO VSDFH • $2,100,000

MLS

150 MAIN STREET WEST, HAMILTON

• Downtown Hamilton Prime Commercial Condo Units • Zoned D1 allowing for a variety of uses • 3,863 sq ft of available space from 704 sq ft and up • Contact Listing Brokerage MLS

Christopher Coupal

John Markou

Broker of Record, Principal christopher@coupalmarkou.com 519-742-7000 x 101

Broker, Principal john@coupalmarkou.com 519-742-7000 x 102

SALE

42 GROFF PLACE, KITCHENER

• Huron Business Park with Zoning EMP-4 (Subject to Approval) • 1.119 acres • $3,000,000

EXCLUSIVE

CONNECT

The information set out herein is for advertising purposes, with information obtained from sources deemed to be reliable. No warranty or representation is made as to its accuracy, correctness and completeness of the information, being subject to errors, omissions, conditions, prior sale/lease, withdrawal or other changes without notice. Coupal Markou Commercial Real Estate Inc., Brokerage

10

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

February 26–March 26, 2022


KITCHENER/WATERLOO GUELPH & CAMBRIDGE

519.742.7000 www.coupalmarkou.com

LEASE

120 RANDALL DRIVE, WATERLOO

• +LJK SURÀOH FRUQHU DW 5DQGDOO 'U DQG :HEHU 6W 1 • 0L[ RI RSHQ DQG SULYDWH RIÀFHV • ² VT IW MLS • VT IW

LEASE

1655 BISHOP ST N, CAMBRIDGE

• /RFDWHG RQ %LVKRS 6W 1 )UDQNOLQ %OYG • 6DOHV 6HUYLFH &RPPHUFLDO 6SDFH ZLWK ·[ · GULYH LQ GRRU • VT IW MLS • VT IW QHW

LEASE

136 KING STREET SOUTH, WATERLOO

• 8SWRZQ :DWHUORR PRYH LQ UHDG\ UG ÁRRU RIÀFH • +LJK YLVLELOLW\ ZLWK ZLQGRZV RQ VLGHV RI EXLOGLQJ • VT IW MLS • VT IW QHW

LEASE

340 KING STREET WEST, KITCHENER

LEASE

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LEASE

2 KING ST N, WATERLOO

• /RFDWHG RQ (UE 6W DQG .LQJ 6W LQ 8SWRZQ :DWHUORR • 8 DOORZV IRU PDQ\ XVHV • VT IW • VT IW QHW

LEASE

126 KING ST S, WATERLOO

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Christopher Coupal

John Markou

Broker of Record, Principal christopher@coupalmarkou.com 519-742-7000 x 101

Broker, Principal john@coupalmarkou.com 519-742-7000 x 102

• 6LWXDWHG RQ .LQJ 6W ( QHDU 2WWDZD 6W DQG EDFNLQJ RQWR &KDUOHV 6W ( • 6LJQDJH DQG RQ VLWH SDUNLQJ DYDLODEOH • ² VT IW MLS • VT IW QHW

LEASE

MLS

1145 KING ST E, KITCHENER

130 WEBER STREET WEST, KITCHENER

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The information set out herein is for advertising purposes, with information obtained from sources deemed to be reliable. No warranty or representation is made as to its accuracy, correctness and completeness of the information, being subject to errors, omissions, conditions, prior sale/lease, withdrawal or other changes without notice. Coupal Markou Commercial Real Estate Inc., Brokerage

February 26–March 26, 2022

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

11


KITCHENER/WATERLOO GUELPH & CAMBRIDGE

DALIBOR RADULOVIC Sales Representative

CHRIS MOSSEY Sales Representative

519-885-8810 info@4mcommercialgroup.com

TUNDE ABIODUN Broker

ROB PIOMBINI Broker

HomeLife Power Realty Inc., Brokerage*

385 Frederick Street, Unit 32 Kitchener, Ontario N2H 2P2

*Independently Owned and Operated

Email us Today at info@4mcommercialgroup.com to receive our Exclusive Monthly Industry News Letter!

30 Chatham Street

242 & 246 units 2, 14, & 15 Penetanguishene Road, Barrie

22 unit fully renovated with brand new glass balconies. 8 Separate Garages with Garage Doors and Man Doors *UHDW IRU 6WRUDJH 7XUQNH\ FDVK ŴRZLQJ SURSHUW\ &ORVH to Brantford downtown Core. $5,750,000.

Rare Opportunity to buy three rental units in the same complex in Barrie Ontario. Great area for Students. Each unit has 4 bedrooms, 4 bathrooms, and Common Area with Kitchen and Living Area. Units can be purchased together or individually. Each unit has an In-suite Laundry. Exclusive Listing. Please call for Pricing and Details.

BUY-SELL-LEASE CHECK OUT OUR WEBSITE SCAN TO GO DIRECT

10,000 SQ FT OF INDUSTRIAL SPACE AVAILABLE. MULTI USE BUILDING.

WANTED VACANT LAND, MULTI-FAMILY BUILDINGS WITH 3 UNITS TO 12 UNITS AND COMMERCIAL BUILDINGS. LET US LEASE YOUR COMMERCIAL PROPERTIES TO INCREASE THE VALUE AND THEN WE WILL SELL IT FOR TOP DOLLAR.

CALL4COMMERCIAL@GMAIL.COM

REALTY INC. BROKERAGE 519 York St., London, Ontario

519-649-6900 12

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

FRANK PONTES*

AUSTYN BARIL*

Sales Representatives* February 26–March 26, 2022


KITCHENER/WATERLOO GUELPH & CAMBRIDGE

www.teammilovick.com

519-745-7000

Grand Valley Realty BROKERAGE INDEPENDENTLY OWNED AND OPERATED

Unit 15C, 370 Highland Road West, Kitchener, ON N2M 5J9 | 519-745-8460

Mike Milovick B.B.A., CCIM, Broker mike@teammilovick.com

Jennifer Shingler

www.TeamMilovick.com

Sales Representative jenn@teammilovick.com

Invest in Ontario’s Number 1 Town Today! Subscribe: Latest KWC Real Estate News: www.FaceBook.com/TeamMilovick 317 Spruce Street, Waterloo, Ontario N2L 3M6

$1,600,000 8 Spring Street East, Waterloo

$699,900

F-111-275 Larch Street, Waterloo

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February 26–March 26, 2022

$449,900 to $499,900

NEED BUILDINGS! 6 to 100+ Units 4XDOLÀ HG %X\HUV 6RXWKZHVWHUQ 2QWDULR $VN PH KRZ PDQ\ EX\HUV , KDYH IRU <285 EXLOGLQJ

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

13


KITCHENER/WATERLOO GUELPH & CAMBRIDGE

Coldwellbankercommercial.ca 508 Riverbend Drive, Kitchener ** Broker *^ĂůĞƐ ZĞƉƌĞƐĞŶƚĂƟǀĞ

AVAILABLE FOR LEASE KITCHENER | RETAIL

KITCHENER | RETAIL

KITCHENER | RETAIL

MLS® 40196469 200 KING STREET E.

MLS® 40077281

MLS® 40187224

388 KING STREET E.

3,600 SF | $7,000/Month >ĞƐƚĞƌ dŽďŝŶΎ dž ϯϬϮϯ

ϲϯϱ ^& ͮΨϮ͕ϮϬϬͬDŽŶƚŚ :ĂŵĞƐ ŽƵĚƌĞĂƵΎΎ dž ϯϬϮϬ

#5 885 GLASGOW STREET ϭ͕ϱϯϲ ^& ͮ ΨϮϴ͘ϬϬͬ^& >ĞƐƚĞƌ dŽďŝŶΎ dž ϮϬϮϯ

KITCHENER | RETAIL

WATERLOO | RETAIL

ELMIRA | RETAIL/OFFICE

MLS® 40184873

MLS® 40124194

501 KRUG STREET

#PAD 150 WISSLER ROAD

10 CHURCH STREET W.

Ϯ͕ϭϭϬ ^& ͮ ΨϭϮ͘ϬϬͬ^& :ĂŵĞƐ ŽƵĚƌĞĂƵΎΎ dž ϯϬϮϬ

1,500 SF | $30.00/SF >ĞƐƚĞƌ dŽďŝŶΎ dž ϯϬϮϯ

Ϯ͕ϭϲϮ ϲ͕ϵϮϳ SF | $9.50 $16/SF ŚĂĚ ZŝƚnjĞƌΎ dž ϯϬϯϯ

MLS® 40160179

KITCHENER | RETAIL

WATERLOO | RETAIL

WATERLOO | OFFICE

MLS® 40192434

MLS® 40197286

#103 501 KRUG STREET

MLS® 40204940 51 KING STREET N.

99 NORTHFIELD DRIVE E.

Ϯ͕ϳϮϰ ^& ͮ ΨϭϮ͘ϬϬͬ^& :ĂŵĞƐ ŽƵĚƌĞĂƵΎΎ dž ϯϬϮϬ

4,017 SF | $30.00/SF >ĞƐƚĞƌ dŽďŝŶΎ dž ϯϬϮϯ

695 3,033 SF | $11.95/SF ŚĂĚ ZŝƚnjĞƌΎ dž ϯϬϯϯ

KITCHENER | OFFICE

KITCHENER | RETAIL

WATERLOO | OFFICE

MLS® 40196632

MLS® 40170740

100 HIGHLAND ROAD E.

1425 WEBER ST. E.

MLS® 40130284 40121193 MLS® 40107191 #205 370 UNIVERSITY AVE. E.

ϭ͕ϯϱϬ ^&ͮΨϭϮ͘ϱϬͬ^& :ĂŵĞƐ ŽƵĚƌĞĂƵΎΎ dž ϯϬϮϬ

3,100 SF | $16.95/SF :ĂŵĞƐ ŽƵĚƌĞĂƵΎΎ dž ϯϬϮϬ

Ϯ͕Ϯϯϳ ^& ͮ Ψϭϱ͘ϬϬͬ^& WĞƚĞƌ ĞŶŶŝŶŐĞƌΎΎ dž ϯϬϬϬ

ĂĐŚ ŽĸĐĞ ŝƐ /ŶĚĞƉĞŶĚĞŶƚůLJ KǁŶĞĚ ĂŶĚ KƉĞƌĂƚĞĚ 14

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

February 26–March 26, 2022


KITCHENER/WATERLOO GUELPH & CAMBRIDGE

Coldwellbankercommercial.ca 508 Riverbend Drive, Kitchener ** Broker *^ĂůĞƐ ZĞƉƌĞƐĞŶƚĂƟǀĞ

AVAILABLE FOR SALE ELMIRA

MLS® 40160193

FREESTANDING BUILDING 23,389 SF | $2,850,000 ŚĂĚ ZŝƚnjĞƌΎ dž ϯϬϯϯ WATERLOO

WATERLOO

KITCHENER

MLS® 40174984 MLS® 40184342 FLEX INDUSTRIAL/INVESTMENT RETAIL PLAZA 14,476 SF | $2,100,000 ϱ͕ϬϬϬ ^& н W ^/d |$4,200,000 ŚĂĚ ZŝƚnjĞƌΎ dž ϯϬϯϯ >ĞƐƚĞƌ dŽďŝŶΎ dž ϯϬϮϯ GUELPH

STRATFORD

MLS® 40158107

MLS® 40165080

MLS® 40200910

INVESTMENT FOR SALE 28,333 SF | 2.19 AC. $6,600,000 ŚĂĚ ZŝƚnjĞƌΎ dž ϯϬϯϯ

RES. DEVELOPMENT SITE 4 PARCELS | 9.35 AC. $21,900,000 ƌŝĐ &ƌĞLJΎ dž ϯϭϭϴ

LAND & BUILDING 2,000 SF| 3 AC. $3,400,000 :ŽŚŶ ,ŽīŵĂŶΎ dž ϯϬϰϬ

KITCHENER

WIARTON

LISTOWEL

MLS® 40186624

MLS® 40199197

MLS® 40165651

INDUSTRIAL CONDO BUILDING

655 SALISBURY AVENUE S. LEGAL DUPLEX | $920,000 ƌŝĐ &ƌĞLJΎ dž ϯϭϭϴ

LAND FOR SALE 98.38 Acres | $1,300,000 WĞƚĞƌ ĞŶŶŝŶŐĞƌΎΎ dž ϯϬϬϬ

7,865 SF | $2,560,000 ŚĂĚ ZŝƚnjĞƌΎ dž ϯϬϯϯ WATERLOO

WATERLOO

KITCHENER

MLS® 40208254

MLS® 40205022

MLS® 40201323

RESTAURANT FOR SALE $99,000 >ĞƐƚĞƌ dŽďŝŶΎ dž ϯϬϮϯ

COFFEE BEAN & CATERING BUSINESS | $159,000 >ĞƐƚĞƌ dŽďŝŶΎ dž ϯϬϮϯ

#5 935 FREDERICK ST. 2,332 SF | $150,000 :ĂŵĞƐ ŽƵĚƌĞĂƵΎΎ dž ϯϬϮϬ

BUSINESS ONLY

BUSINESS ONLY

BUSINESS ONLY

ĂĐŚ ŽĸĐĞ ŝƐ /ŶĚĞƉĞŶĚĞŶƚůLJ KǁŶĞĚ ĂŶĚ KƉĞƌĂƚĞĚ February 26–March 26, 2022

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

15


Seven low-cost marketing strategies

16

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

February 26–March 26, 2022


You know it’s going to take a marketing push to meet your sales goals this year. But your budget is tight and you’ll need to use your imagination to make it happen. Where to start?

For many business owners, marketing doesn’t come naturally. They lurch from one tactic to another without a clear idea of whether the efforts are going to pay off in higher sales. If that description sounds familiar, here are some time-tested, lowcost techniques to improve your marketing and help you reach your goals.

1. Conduct a survey It’s critical to create a marketing plan before moving on to tactics. And the first step in developing a marketing plan is to understand who your target customers are and what they want from your company. A good way to gain a better understanding of your customers is to conduct a survey about your products or services. If you can’t afford to hire a research company, do it yourself by creating a short questionnaire and recruiting existing and prospective customers to participate.

2. Pamper your existing customers It’s typically five times as expensive to make a sale to a new customer as it is to an existing one. So, make sure you’re not neglecting the people who already know and trust you. Consider, for example, taking your best customers out to dinner or golf and using the opportunity to ask them about how to improve your

February 26–March 26, 2022

business. You could also personally write to your top 10 customers to thank them and tell them they’re part of your new loyalty program or invite them to a sneak preview of your latest product.

3. Commit to online marketing The Internet provides you with an inexpensive 24-hour virtual storefront. You can build relationships with prospective customers by offering them high-quality content on your site such as blogs, how-to articles, videos and a newsletter. You can also extend your reach by using social media. One word of caution however: If you’re not willing to devote six to eight hours a week of an employee’s time, you’re better off going with a simple, well-designed website.

4. Use all your real estate Your building and surrounding land or sidewalk are great places to put up signs and banners. And don’t forget to use your vehicles as moving billboards. But remember: Your images and messages should focus on what you’re selling, not your company’s name.

5. Work at public relations A media story about your company is generally much more valuable than an advertisement because of the credibility it confers on your business.

But in this era of media cutbacks, it’s harder than ever to attract journalists’ attention. Keep in mind that they’re looking for a compelling story to tell. So, help them by letting them know about your innovative product, unusual customer contact or highstakes gamble that paid off. And keep at it – building relationships with the media will pay off.

A good way to gain a better understanding of your customers is to conduct a survey about your products or services.

6. Turn employees into ambassadors Your employees are part of the community and have all sorts of contacts that could help you. How about inviting employees and their extended families to a fun event at your business? You may find you get new word-of-mouth business or hear about a potential new business partner. At the very least, your team will come back to work on Monday feeling energized.

7. Give back By sponsoring a hockey team or participating in a charity drive with a cheque and a collection jar in your lunch room or by the cash register, you’re not only doing your part for the community, but also generating goodwill with customers and prospects. CI Source: BDC.ca

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

17


WE HELP YOU GROW YOUR DREAMS

Franchise and Business Opportunities

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FREE

September 31–October 30, 2019 Volume 19 | Issue 1

'VMM $PWFSBHF "SFB *ODMVEJOH -POEPO À ,JUDIFOFS À /JBHBSB 'BMMT À )BNJMUPO À 5PSPOUP À 0UUBXB TRENT HILLS | 14.29 ACRES WITH EXCELLENT ROAD FRONTAGE

FOR ADVERTISING INFORMATION CONTACT

Introducing “The Ridge” 14.29 Acres Ideally Situated Abutting The 8UEDQ %RXQGDU\ 2YHU /RRNLQJ 7KH 7UHQW 6HYHUQ &DQDO $V ´µ,QÀOOµµ As They Come, This Parcel Is Nestled Amongst Residential Homes w/ Excellent Road Frontage On 6th Line West+Victoria St. Municipal Services Only Steps Away, This Property Is A Blank Canvas For Your “Inner” Developer. Mins. Away From Downtown Campbellford Right Off County Rd 30/Grand Rd. Ideal Investment For Future Development. MATTHEW GARNET SALES REPRESENTATIVE RE/MAX WEST REALTY INC., BROKERAGE. DIRECT: 416.509.3036 OFFICE: 905.773.8000 EMAIL: MatTheLandFinder@gmail.com

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NATIONAL REAL ESTATE INFORMATION LISTING SERVICE

www.nreils.com

Free to Search Everyone can search within 5 seconds

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The Best Selection of Commercial, Industrial, Franchise and Business Opportunities 18

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

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LARGE AND SMALL APARTMENT BUILDINGS WANTED

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Mazhar Roshan Sales Representative

905.929.9800 647.609.9463 905.574.6400

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HomeLife Professionals Realty Inc.

GTA Direct

BROKERAGE

Office

mazharroshan@sympatico.ca 1151 DUNDAS STREET W, #11, L5C 1C6

Long established variety and laundromat business. Store sale $22,000 per month. Lottery income $3,600 per month. Nevada $300 atm $300 per month. Laundromat income $9000/mth. 20 Washer and 15 dryers (few newer) alterations and dry cleaning drop off. Very reasonable rent. Long lease. Do not go direct please call lbo for more details

Long established news stand & gift shop in the heart of Mississauga. Real money making business, mall hours, $60m lottery winning ticket was sold here. Store sales $900010000 per week (lottery not included). Lottery income over $10,000 per month. Bit coin and other income. Rent $4245.00 Including tmi & hst. Close to shopping mall and all amenities on bus route, good for business minded person, family operation. DO NOT GO DIRECT. FOR VIEWING AND MORE DETAILS CALL LBO.

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HAMILTON

I have qualified buyers for up to $5M in commercial and investment buyers. Call for details.

448 #8 HIGHWAY

2 IN 1 3 BAY GARAGE + 2 BED 2 BATH HOUSE SELLING TOGETHER @ 999K

Long established auto repair garage business. 3 Bays with two hoists fully equipped on desired central mountain location. Close to all amenities, on bus route. Owner selling due to health reasons. Gross rent is $3200.00/Month (including TMI).

Mixed use commercial property in the heart of Hamilton Mountain close to all amenities, shopping, on bus route. 3 Bay garage with 2 hoists and all set up for auto repair business with 2 beds, 2 baths, nicely updated house.

18 ACRES OF LAND

Site of Proposed New Hospital

BURLINGTON FOR LEASE

Across from new proposed Hospital in Niagara Falls off exit #21 of QEW. Land has 1,900 Ft. frontage. Great potential for future development. Call Mazhar Roshan for more details.

Subject Land

2000 Sq. Ft. on lower level for storage.

Site of Proposed New Hospital

53 ACRES OF LAND

Subject Land

February 26–March 26, 2022

Long established automotive repair shop. owner retiring, long lease rent $3,500 including TMI, 4 bay. 3 hoist, 1 pit. Very busy auto repair shop doing over $20k sales per month. good for a mechanic owner or manager. Fully equipped. All mechanical fixtures, etc. included. For more details and viewing call LBO.

Off exit # 21 QEW minutes away from new proposed hospital. Good for future development or investment. Land has 1,800 Ft. frontage on QEW. 2,400 ft on Marshall Road and 1,200 Ft. on Willodell Road. Currently leased to a farmer. For more details call Mazhar Roshan.

1235 FAIRVIEW STREET

Plaza location with major stores like Longos, Beer Store, Dollarama, Pet Value and many more. Long established convenicen store in very mature neighbourhood. Doing 17,000 weekly sales (lotto not included).

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

19


GREATER TORONTO AREA

APARTMENTS FOR SALE Parkdale Apartments – 18 suites @ 3.0% cap rate Parkdale Apartment – 13 suites @ 3.0% cap rate East Toronto – 13 suites @ 4.0% cap rate buy with 20% down Orillia 48 suites at a 4.0% cap rate – over $800k recently spent

Lorenzo Digianfelice

416-907-8281 ldigianfelice@cfrealty.ca

1700 Brampton Street, Hamilton

AVAILABLE FOR LEASE Light Manufacturing / Industrial Units available for occupancy. Up to 6 units available with Sizes ranging from 2,500 sq ft to 5,400 sq ft. Drive in shipping, plenty of hydro, 12’ clear ht, Each unit has new Electrical Service & HVAC, building fully sprinklered. Subject property is located in East Hamilton just West of Parkdale Ave North. Quick Access to QEW via Burlington Street. Asking $12.50 per sq ft net, Additional Rent is $5.50 per Sq Ft.

Royal Lepage Burloak Real Estate Services

35 The Links Road #201, Toronto, ON, M2P 1T7 Phone: 416-972-9220

Property Available

Prince Edward County

Stephen Green, Sales Representative

stephengreen@royallepage.ca | 905-335-3042

VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE anytime, anywhere! Published by:

A well established marina on Adolphus Reach has been operated by the same family for generations. Over 370 feet of waterfront this independent business offers marine repairs, marine products for sale and indoor & outdoor storage. 4 bedroom, 3 bathroom home with ample parking. Be part of the growing tourist and recreational investment in popular Prince Edward County.

MLS 40173222

$1,595,000

Now you can view all Commercial Investor magazines online using any smartphone, tablet or desktop device.

THECOMMERCIALINVESTOR.CA

20

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

February 26–March 26, 2022


GREATER TORONTO AREA

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February 26–March 26, 2022

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Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

21


EASTERN ONTARIO

CLARINGTON IS HOT!!! CLARINGTON! COMING SOON TO COURTICE Pre-leasing for late 2022, secure your unit now! 5,800 Sq. Ft. Commercial Plaza $25.00 sq. ft. net. Prime Neighbourhood Site — Ideal for Beauty Spa, Daycare, Vet Service, Dentist, etc. etc. Fully approved site plan and drawings available. Call Today! COMMERCIAL RESIDENTIAL BUILDING — CLARINGTON-BOWMANVILLE ASKING @ $3,200,000 Prime Highway #2 frontage V.T.B. Available. Building in excellent condition. Large commercial Tenant. Long Term lease, 6 apartments, separate hydro, 100% occupied. 141,000 Net Income! Strong upside potential to increase existing net rent. Income expense details available. All the right elements.

John Shewchuk

BOWMANVILLE! EXCELLENT VALUE!! Very good value! Next to 401 Interchange ExcelOHQW SDUNLQJ ȴEHU RSWLF DYDLODEOH 6PDOO RɝFH space or large. Ideal for Martial Arts, any kind of Yoga/Pilates, or training!! Rental rates from $500.00 Per Month Gross!! Per PRQWK -XVW WKH ULJKW ȴW

OFFICE SPACE SIMCOE ST., OSHAWA Cheap,cheap. Ready to move in, fully accessible, easy 401 access. Onsite parking!

SALES REP

Cell: 905-404-5038 | Email: jshewchuk@royallepage.ca

Brian Shewchuk SALES REP

Cell: 289 688 8047 | Email: brianshewchuck@royallepage.ca

RETAIL SPACE NEXT TO LCBO – NEWCASTLE Busy Highway #2, Next to National. “Shadow Anchors”. CIBC, Town Hall, Shoppers, No Frills. Available 2,250 sq. ft. Stunning. Growing & busting out community.

Royal LePage Frank Real Estate, Brokerage OFFICE: 905-623-3393

PREMIERE DISTRIBUTION NETWORK

GET ACCESS TO A HIGHLY TARGETED NETWORK AND INCREASE THE VISIBILITY OF YOUR BRAND.

FOR ADVERTISING INFORMATION CONTACT: 1.888.761.3313 info@thecommercialinvestor.ca | thecommercialinvestor.ca 22

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

February 26–March 26, 2022


EASTERN ONTARIO

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'RQ·W OHW WKLV LQFUHGLEOH LQYHVWPHQW RSSRUWXQLW\ SDVV \RX E\ )LUVW WLPH WKH :HVW (QG 3OD]D ORFDWHG RQ 'XQGDV 6WUHHW :HVW LQ 7UHQWRQ LV IRU VDOH 7KLV VT IW KLJK WUDIÀF SOD]D WZR buildings) is within a short distance to two high VFKRROV PXOWL XQLW UHVLGHQWLDO EXLOGLQJV DQG QHZ KRXVLQJ GHYHORSPHQWV (VWDEOLVKHG LQ WKLV SOD]D KDV ORZ WHQDQWV WXUQ RYHU DQG LW is currently 100% occupied. :LWK SDUNLQJ VSDFHV DQG DFUHV LQ WRWDO WKH SOD]D KDV SOHQW\ RI VWDII FXVWRPHU DQG WHQDQW SDUNLQJ IRU FRPPHUFLDO DQG DSDUWPHQW XQLWV

$9,500,000

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FOR MORE INFORMATION, VISIT WWW.WESTENDPLAZA.CA

TRENTON PROPERTY 7KH 7UHQWRQ FOXVWHU LV FRPSULVHG RI ÀYH properties including three buildings and two parcels of land in the heart of downtown Trenton at the main intersection of Dundas Street West DQG .LQJ 6WUHHW 7KH SURSHUWLHV RIIHU D GLYHUVH income stream with rental upside and features Scotiabank as the anchor tenant.

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$5,200,000

BELLEVILLE PROPERTY 7KH %HOOHYLOOH SURSHUW\ LV IXOO\ RFFXSLHG ZLWK D GD\FDUH RSHUDWLQJ RQ WKH PDLQ ÁRRU DQG VWRUDJH VSDFH EHLQJ OHDVHG WR D ODZ ÀUP 7KLV DVVHW LV ORFDWHG GLUHFWO\ DFURVV WKH VWUHHW IURP 4+& %HOOHYLOOH *HQHUDO +RVSLWDO 7KLV SRUWIROLR SUHVHQWV LQYHVWRUV ZLWK D XQLTXH LQYHVWPHQW RSSRUWXQLW\ WR DFTXLUH FHQWUDOO\ ORFDWHG DVVHWV ZLWK GLYHUVH LQFRPH VWUHDPV DQG VHFXULW\ WR WKH XQGHUO\LQJ FDVK ÁRZ IURP D SURPLQHQW &DQDGLDQ ÀQDQFLDO LQVWLWXWLRQ

FOR MORE INFORMATION, VISIT WWW.INVESTMENTBUILDINGS.CA

JAMIE TROKE BROKER OF RECORD

EKORT REALTY LTD. February 26–March 26, 2022

613-969-9901 613-967-7208

jamie@ekortrealty.com www.ekortrealty.com

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Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

23


Vacant possession

BY JACQUELINE MONETA JD WITH ASSISTANCE FROM JAYSON SCHWARZ LLM

If you’ve ever bought, sold or rented a property, you’re probably familiar with the term vacant possession. Giving vacant possession refers to a legal obligation to ensure that a property is in a state fit to be occupied at a given point in time. WHEN DOES VACANT POSSESSION HAVE TO BE GIVEN? It’s common to see vacant possession as an express term in Agreements of Purchase and Sale or a lease. But vacant possession usually has to be given in the following circumstances: • When property is sold • When a lease is granted • When a tenant vacates at the end of the term However, the Ontario Superior Court has held that when no specific time of day for vacant possession has been stated, a seller can deliver vacant possession at any time before the end of that day. Therefore, it’s important to be specific if you want to ensure that the property is vacant before midnight on the agreed day.

WHAT DOES VACANT POSSESSION MEAN? It seems natural to think that a property will be delivered with vacant possession if all of the occupants have left, but chattels, or movable objects, must also be emptied. However, depending on the circumstances, vacant possession may still be given even if these requirements are not wholly met. The test the courts apply is whether the chattels left behind substantially 24

interfere with or prevent the enjoyment of the right of possession for a substantial part of the property. The court is clear that not any impediment will do. It must be one that substantially prevents or interferes with the enjoyment of the right of possession of a major part of the property. Given the subjective nature of this test, it’s important to keep in mind that each case will turn on its own set of unique facts. In one Ontario Superior Court case, the court held that a Quonset hut, which remained on the land after the closing date, did not impede the delivery of vacant possession. In that case, the plaintiff was willing to accept the property with the hut remaining. However, the court conceded that even if the hut should have been removed, the purchaser would only be entitled to the cost of removing the hut as an abatement of the purchase price and nothing more. In a subsequent case, however, the court found that failing to remove equipment was a failure to provide vacant possession as required in the lease. The effect of this failure was to prevent the tenant from being able to carry on their business. In that case, the tenant was entitled to damages.

WHAT HAPPENS IF VACANT POSSESSION IS NOT GIVEN? Where vacant possession is being

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

given on the sale of property, a buyer has several options. A buyer can apply for specific performance, where the courts will enforce the contract, in addition to damages for any losses suffered. The contract may also be rescinded. But if the parties are willing to negotiate, they may be able to agree on an abatement of rent/the purchase price or a different closing date. Courts act more favourably toward sellers who have made attempts to deliver vacant possession, rather than those who make no effort to honour the terms of the contract.

WHAT DOES IT MEAN TO ME? Vacant possession is extremely important. Let’s look at some examples. You are closing your new resale home and the vendor has left a broken-down truck in the garage and lots of old furniture in house. The tenant of the vendor is still living in the basement. This is an example of a situation where you could apply to the courts to enforce your rights to specific performance. Every situation is unique and requires a holistic overview of what is involved and then the application of both common sense and the law. This is the time your lawyer becomes very important. CI Email us at info@schwarzlaw.ca and give us your questions, concerns, critiques and quandaries. Jayson Schwarz LL.M. is a Toronto business lawyer and partner in the firm Schwarz Law LLP. February 26–March 26, 2022


Shelley Rether STELLAR 40X80FT Sales Representative

519-902-7755 bus: 519-433-4331

srether@sutton.com Sutton Group-Select Realty Inc., Brokerage independently owned & operated

250 Wharncliffe Road North at Oxford, London ON N6H 2B8

suttonselect.com

COMMERCIAL GRADE SHOP ...

AND A 5 BEDROOM BUNGALOW! 8520 LAKESHORE ROAD LAMBTON SHORES, ONTARIO • Commercial & Residential • 40x80 Sq Ft Commercial Grade Shop • Updated 5 bdrm Bungalow with double car garage • Finished Loft (800sf) for Income Potential • 5 Minutes from Lake Huron • Have a business on the hwy....and a house with a private back yard! • Lots of parking • Great property...so many options! • 45 minutes from London • 40 minutes from Sarnia • Commercial MLS# 40102716 • Residential MLS# 40102799 SHOP: • Insulated & heated • concrete floor • 24x18ft overhead door • 20ft ceiling • 2 tonne overhead crane • car hoist • air compressor • HE gas furnace • A/C • 200 amp • 2-pc bathroom • laundry • 10x60ft mezzanine

$1,800,000 25


$599,000 Income Opportunity for Family, Professional, or Retirement. 3 Residential Apartments and 1 Commercial Unit. MLS # X5321173 This property is situated on the four corners of Springbrook Ontario. 15 minutes from Campbellford which has its own hospital. The two intersecting roads connect Springbrook to Campbellford, Stirling, Marmora, and Madoc all about ten to fifteen mins in each direction. All units have fresh neutral paint, flooring, and fixtures. Updated Hydro and wiring include hard wired smoke and carbon monoxide detectors throughout the property. Property also has three garage bays and a loading dock bay. Urban Commercial Zoning allows many uses including variety store, restaurant, cafe, studio, retail shop, gallery, professional office, and residential apts. Features 88x187 foot lot and inground swimming pool, 3 four-piece and one two-piece bath. All for $599,000.

Who says Ontario is no longer affordable? Call Ron Christopher Royal Heritage Real Estate

289-600-0956 or call your own agent

26


Unique Acquisition Opportunity

This is an opportunity to acquire a ^LSS LZ[HISPZOLK ¸IV[[SL `V\Y ÄUL ^PULZ¹ business located in the Ottawa, Ontario area. Having competed in the most prominent international winemaking competition globally with 3,000 entries from 13 countries, the Company has won 32 International Medals (including 5 gold). The Company has an established, very loyal, and consistent customer base, generating 90% of repeat revenue. The sellers’ discretionary income is $70,000. The Company also has an option to buy their current leased premises for $220,000 (which was recently appraised for $470,000). The owners believe now is the time for a new acquirer to capitalize on the scalability and growth prospects and realize the Company’s true potential. The founding shareholder is looking to retire and sell 100% of the Company. If you would like to learn more, we have an NDA we would happily share. 2QFH ZH UHFHLYH WKH 1'$ ZH ZLOO SURYLGH \RX ZLWK D FRQðGHQWLDO information package. We look forward to hearing from you.

Theos Capital Corporation Middle Market M&A Advisors Business Valuation Consultants 1100 Burloak Dr., Suite 300 Burlington, ON Canada L7L 6B2 Phone: 905-336-8926 Fax: 1-877-283-0585 Email: ha@theos.capital Website: www.theoscapitalcorporation.com 27


GET SOLD R E A L T Y

I N C .

WITH RE/MAX GOLD

B R O K E R A G E

905.673.8500 MALTON

GORDY KHUMAN Broker of Record

info@remaxgoldrealty.com

ERIN MILLS COMMERCIAL CENTRE - RIDGEWAY & EGLINTON NOW LAUNCHED PHASE III

35 ACRES OF COMMERCIAL DEVELOPMENT

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45'-5"

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45'-4"

I2 2,104SF

I6 7,929SF

45'-5"

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45'-5"

I3 2,104SF

I8 7,929SF

I12 7,929SF 45'-5"

I9 7,929SF

I13 7,929SF 45'-5"

I10 7,929SF

I14 7,929SF 45'-5"

I11 7,929SF

I15 7,929SF

I16 7,929SF

I17 2,034SF

44'-3"

45'-5"

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44'-3"

SOLD

I19 2,034SF

44'-3"

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22

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44'-10"

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905.456.1010 BRAMPTON 905.673.8500 MALTON 905.290.6777 MISSISSAUGA 28

Industrial & Commercial Unit with E2 Zoning Starting from 7900 Sq Ft to 40,000 Sq Ft

www.remaxgoldrealty.com

HT

VERY RARE FIND


COMMERCIAL, RESIDENTIAL AND PROPERTY MAINTENANCE SERVICES

BELLROSE IS FULLY INSURED AND BONDED WITH 24/7 SUPERINTENDENT AND JANITORIAL RELIEF SERVICES. HT

Property Maintenance for Condo and Commercial Buildings Janitorial Services Live-in/Live-out Superintendent Relief Services Deep Cleaning and Disinfecting Window Cleaning Post-Construction and Renovation Cleaning ĄljɰȈǁljȶɽȈƃȢ ƃȶǁ Ýǹˎ ƺlj ÃƃȈǁ ČljɨʤȈƺljɰ And more

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bellrosejanitorialservices.com

416-389-7805

info@bellroseinc.com 29


COMMERCIAL, REAL ESTATE & BUSINESS OPPORTUNITIES

Bill Bradley Sales Representative

REALTY EXECUTIVE PLUS

416.258.6866

Independently Owned & Operated

Unit 2, 1240 Speers Rd., Oakville ON 416.258.6866

exitwithbill@gmail.com LAND FOR SALE

49

ACRES

IN CEDAR PARK 5.2A. READY TO BUILD A LAGE PLAZA ON

Condo Apartment Buildings Large or small

38 ACRES IN MILTON ON 49 ACRES IN MILTON ON CALL BILL BRADLEY FOR INFO

Apartment Buildings for sale Large or Small

Small or Large Hotel or Motel Building for Sale

THIS PLAZA ALL READY TO BUILD BY OWNER ON 5.2 ACRES OF LAND NEAR HIGHWAY PLEASE CALL FOR MORE INFORMATION.

SELLERS AND BUYERS WANTED – CALL BILL BRADLEY 30


As a real estate investor, count on Pro Funds Mortgages to be your

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WANTED

“CONDO TITLED” PROJECTS AND MORE ٚ Á ázR ȳ0 ¨« h0!Á³ ٚ á nk‫ٳ‬Ȩ³ ٚ ³0xX‫(ٳ‬0Á !R0( ٚ ÈXn(0«³ á zÁXzJ Á ³0nn ÈzXÁ³ Xz Ènk ٚ n«0 (ç ÈXnÁ z( «0zÁ0( ٚ !XÁX0³ ۭ Á áz³ ÈÁ³X(0 I Á « zÁ ٚ ªÈX!k !n ³0

! zÁ !Á JXz 416.816.4360

genegiordano88@hotmail.ca ¨«Xà Á0 Xzà0³Á «


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