Commercial Investor - Ontario - April 6, 2024

COMMERCIAL PROPERTIES FOR SALE

LONDON | $1,100,000 RSC 1,3,5, .86 ACRES CAR LOT

LONDON | $3,400,000

RSC 1, GI1 & LI3, 3.2 ACRES AUTO SALVAGE

GRAND BEND | $1,400,000 A2/C6, 5.85 ACRES CORNER LOT

FOR INFORMATION ON PERMITTED USES CALL or EMAIL

JAN LUISTERMANS Sales Representative

519 709 0702

jan.realty1@gmail.com

NADIA HALUNGA - JORGE Broker of Record

519 697 8987

nadia.realty1@gmail.com

Realty 1 Strategic Ltd. Brokerage 395 Castlegrove Blvd., London, Ontario, N6G 1K4

$6,300,000

5363 AIRPORT ROAD, MOUNT HOPE

RARE 194ac parcel of land w/frontage on Airport Rd & White Church Rd. Incs 2 dwellings, 5048sf building, 4991sf barn & 175ac workable/tiled land (rented yr/yr @ $129 p/ac). Dwelling#1 (2473sf) offers 3 bedrms/2 baths, ins/htd garage addition - Dwelling#2 (1226sf) ftrs 2 bedrms/2baths. Both houses inc roofs’13, water purification’20, sep. wells/septic & 100 amp. Located in general area where proposed future Red Hill to White Church Rd/Airport & Glover Rd expansion may occur - pipeline ROW dissects property-potential severance. By appointment only.

Commercial/Residential

$2,900,000

New Buyer/Tenant to negotiate long term lease w/Landlord - all leases to inc permission to use 2 clean washrooms in secured adjacent common area. 2-4 parking spots & street parking. Viewings by appointment only. 209 CHESTNUT

8 spacious condo townhomes for sale. All 3 bed,1.5 baths, walk-out basements, private courtyards and attached single car garages. Units fully tenanted and being sold in a bundle, making this a unique investment to add to your portfolio. Tenants pay own hydro, 4+2 visitor parking.Roof reshingled 2020, electric heat throughout, no central air, 8 owned water heaters,windows approx10-12 yrs. There is possibility to add additional units on the approximate 31,000 SQFT. $3,800,000

Future development possibilities in this 4.798 Acre parcel of land that borders Welland/Thorold. Adjacent property, in Welland boundary, is zoned low density residential. Property is close to Brock University Campus (15 Minutes), Niagara College (1km) new residential developments, plaza for shopping and all amenities and close to highway Access. Land only for sale. Current zoning FD - EP2. Contact for more info. MLS H4117393. $3,225,000

Sanjiv Puri

Broker SRS ABR

Commercial Director

647. 295. 5501

Real Estate Investment Solutions

WANTED FOR QUALIFIED BUYERS:

1. 3500-5000 sq ft Peel region for Doctors office/Pharmacy

2. 3500-5000 sq ft Peel Region for Restaurant

3. Used Car Dealership in GTA with Property

Development Land 8.85 Acres

Oakville

$13,500,000

Prime Opportunity for Builders, Investors and Developers. 8.85 Acres Corner lot opposite the future Transit HUB on 407 / Neyagava Rd. Amended official allows for multiple 12 story residential buildings with commercial/Retail, Institutional component under The Proposed Future Neyagawa Urban Core Plan

Distillery with 2 Acres Land Welland

$3,000,000

LCBO Approved Distillery with 2 brands on LCBO shelves. Product range includes 10 brands of Whiskey, Gin, Vodka, Beer and Rum

Site is approved for 10,000 sq ft building which will house the distillery and Restaurant with outdoor patio event place

Prime Location opposite Flatwater centre

Income Property Brantford

$1,249,900

Income property with long term leases. Vendor will offer rent guarantee of $65,000 per year

All leases net and escalating

3 tenants

4560 sq ft Leasable space

4. Dental Clinic existing or preconstruction in Peel/Halton Region

5. Physiotherapy Clinic with/without property

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Options and credit practices in export financing

Exporters doing business in unfamiliar territory can expect higher risk, and those additional financial and political risks may require extra financing. To develop a clear and concise export financing plan, you must assess a number of issues.

Working capital

Prospecting and operating in foreign markets usually requires a greater investment than the same operations would need at home. A single large order or many small orders from overseas can affect your productivity and inventory capacity, and in some cases, foreign buyers may request longer payment terms, which can affect your working capital.

Political risk insurance

Not all importing countries enjoy the political, social and economic stability to which we are accustomed in Canada. Special insurance policies are often necessary, particularly to protect overseas investments. The Export Development Canada’s (EDC)

Export Protect product insures transactions against nonpayment by foreign buyers. EDC will help collect

your funds in cases of breach of contract, nonpayment, expropriation or political instability.

Payment guarantees

You may be dealing with clients and intermediaries you hardly know, in an economic context that is foreign to you. Take extra precautions and expect complications, such as late payments and fluctuations in exchange rates. You should have a plan of action in place before such problems arise.

EDC also offers loans or credit lines to foreign buyers to encourage them to purchase goods or services from Canadian companies. In this way, a Canadian business can make what amounts to a cash sale, and

EDC will collect the payment. EDC’s Accounts Receivable Insurance (ARI) protects your business against foreign buyers who can’t or won’t pay up. It covers up to 90 per cent of the value of the sale.

Security for foreign distributors or clients

The people you will be doing business with abroad do not know you, so they may ask you for guarantees. That is particularly true in the public, agriculture and food sectors. The Canadian Commercial Corporation (CCC) offers foreign buyers security by providing a Canadian government-backed guarantee of contract performance. The agency offers a range of pre-

contract, advisory and post-contract services.

Long-term financing to purchase fixed assets

As your export venture thrives, your productivity and capacity will need to grow, meaning you may be required to plan for long-term financing. BDC financing products for present and future Canadian exporters combine long-term financing and flexible repayment options. BDC can finance the equipment purchases, retooling and increased inventory that exporters often need. It can also offer commercial real estate financing should you outgrow your current facilities.

Cash in advance

When a domestic buyer has a good credit rating, sales are often made on an open account. However, this approach fully exposes the seller to credit risk until payment has been made. When exporting, there are several ways to protect your sale. One option is to consider asking for cash in advance. This relieves you of collection problems and allows immediate use of the money. Wire transfers are commonly used. Keep in mind that payment by cheque may result in collection delays of up to six weeks. If you accept credit card payments, beware of fraud.

Letters of credit

A letter of credit is essentially a financial contract between a bank, its customer and the beneficiary. It outlines the conditions under which payment will be made. The buyer generally specifies the conditions, which usually include provisions of insurance forms, bills of lading, customs forms, various certificates and the like. Think of these documents as ways of safeguarding

the integrity of the purchased product.

Collections

Collections are usually the responsibility of the exporter’s bank. There are two types of collections: Documentary and draft/clean. In a documentary collection, your bank deals with a foreign bank and sends payment instructions. A documentary credit means you are entitled to receive payment once the shipping and commercial documents have been presented to the foreign bank. A draft/clean collection is similar to a cheque. The buyer sends a draft while waiting for the shipment to arrive, and the exporter transfers the product when the draft clears. A draft carries a risk similar to that of a cheque, as it may be not honoured.

Open accounts

This is the riskiest payment option, as the risk falls entirely on the exporter. Buyers and sellers will typically negotiate a payment deadline of 30 to 90 days or even longer, depending on the relationship and transaction. If you are considering this form of payment, you need to have a clear understanding of all political, economic and commercial risks involved.

Dealing with payment problems

If negotiations with your customer fail, you should obtain the assistance and advice of your bank, legal counsel and other qualified experts. Since arbitration is often faster and less costly than legal action, this step is preferable, provided both parties agree to take their dispute to an arbitration agency.

For more information, go to bdc.ca CI

Seven low-cost marketing strategies

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, low-cost 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 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

8 BED FUNDED RCH IN WELL ESTABLISHED NEIGHBOURHOOD IN LONDON ONTARIO.

Asking $929,000

Cap 9%. No Vacancies. Excellent Opportunity for Owner/Operator.

9 BED COUNTY FUNDED RESIDENTIAL CARE HOME IN OXFORD COUNTY. Located in Oxford County. Cap Rate 10%. Asking $949,000.

10 BED RESIDENTIAL CARE HOME WITH SEPARATE 1.5 STOREY IN SOUTHWESTERN ONTARIO.

3 bedroom, 2 bathroom live-in quarters for owner-operator on 1.2 acres in SW Ontario. Asking 1.99M.

10 BED COUNTY FUNDED RCH IN SOUTHWESTERN ONTARIO.

1 hour east of Toronto. Turnkey. Urban City Location. Asking $969,000.

9 BED COUNTY FUNDED RCH IN GROWING TILSONBURG ONTARIO. Turnkey Operation. Asking $949,000. Cap 7.88%. Long Term Residents.

18 BED COUNTY FUNDED RCH IN SOUTHWESTERN ONTARIO.

1 Hour West of Toronto. Asking $969,000. Cap 10%. Urban City Location.

31 BEDS RCH IN KITCHENER WATERLOO.

25 Funded Beds and 6 Private. Always Full. Prime Real Estate Location. Close to Downtown. Asking $2,400,000. Cap 9.62%. Potential to Streamline Expenses and Increase Profits.

27 BEDS RCH IN KITCHENER WATERLOO.

20 Funded Beds and 7 Private Beds. Room to Expand. Prime Real Estate Location. Asking $2,400,000. Cap 12.7%. In Business Over 30 Years.

Useful terms to know before signing a commercial real estate lease

Whether negotiating the terms of your commercial lease agreement or trying to get a better picture of the full costs you’re about to assume, understanding the terminology of your contract is crucial.

While it’s always best to have your lawyer (preferably one specializing in commercial real estate) review your agreement, here are some of the more common terms you’ll want understand – before you sign.

1. Incidental expenses

Your costs on top of base rent. These can include property tax, insurance, utilities, maintenance, common area costs and repairs.

2. Common area maintenance

This is an incidental expense in some commercial real estate leases. All tenants generally share common

area costs. Examples include fees for snow removal, janitorial services, landscaping, grass cutting and property management.

3. Gross rent lease

When you pay a single amount to the landlord that covers base rent and all incidental expenses.

4. Modified gross lease

When you and the landlord share certain incidental expenses.

5. Net lease

Where you typically pay for one incidental expense directly. In a single-net lease, you usually pay the

base rent plus property taxes (though in some cases, you might pay for insurance or utilities instead). The landlord pays all other expenses.

6. Double-net lease (NN)

When you usually pay the base rent plus two incidentals – for example, property taxes and insurance. The landlord covers all other expenses.

7. Triple-net lease (NNN)

A type of commercial real estate lease under which you typically pay the base rent, plus property taxes, building insurance and utilities, as well as other operating and maintenance costs. The landlord assumes no costs, other than those for structural repairs.

8. Percentage rent lease

Where you pay a base rent plus a percentage of gross sales over a certain minimum. These are usually

9. Tenant improvement allowance

A cash amount offered by a landlord to help you pay for renovations to a leased space. The allowance is usually a certain amount of money per square foot of rented space. It is sometimes offered as a tenant inducement.

10. Tenant inducements

Incentives offered by a landlord to encourage you to rent a space. Examples include several months’ rent free or help with paying for leasehold improvements.

11. Trade fixtures

Items in a leased space that you can take with you when you move out and can generally be easily removed without damaging the property.

Examples include furniture, inventory and computers. Get advice from a commercial real estate lawyer before signing a lease to clearly define trade fixtures and to seek exclusions for assets you want to take with you when you leave.

12. Turnkey improvements (also known as turnkey buildouts)

Renovations that a landlord carries out at your request when you sign a lease. A landlord may agree to these as a tenant inducement.

13. Leasehold improvements (also known as tenant improvements)

Renovations to a leased commercial real estate space to make it suitable for your business. Unless otherwise specified in the lease, any improvement that is attached to the building usually becomes the

property of the landlord, meaning you can’t take it with you when you move out. Examples can include machinery, flooring and built-in shelving. Get advice from a commercial real estate lawyer when negotiating a lease to seek exclusions for assets that you want to take with you when you leave.

Remember: If necessary, you can always apply for a leasehold improvement loan, a short-term loan (often amortized over five or six years) that you can use to pay for renovations to a leased space. You can sometimes negotiate a principal holiday for the first six to 12 months of the loan. Depending on the value of the improvement, a bank may accept the improvement as collateral for the loan, which could result in a lower interest rate than that for an unsecured loan. CI

Source: bdc.ca/en

1 ACRE COMMERCIAL & 2500 SQFT RESTAURANT IN HIGH GROWTH LOCATION!

Long established and successful food business licensed for 70 people + outdoor patio! Huge paved area area. Excellent high traffic and high growth location just North of Newcastle. Owner retiring and willing to hold a mortgage subject to terms & conditions. Perfect opportunity for new family-run operation.

CALL FOR DETAILS

NEW CLARINGTON INDUSTRIAL SPACE FOR SALE 16K SQFT REMAINING. BOWMANVILLE

Approx 16k SQFT remaining for sale. Incentives & custom fit-out negotiable. Designs completing for Phase II 65000 SQFT self-storage facility also for sale. Est delivery date Q4 2024: over 30 ft ceiling height w/ shipping door planned.

CALL FOR PRICING & INCENTIVES

28 ACRES FUTURE DEVELOPMENT LAND NEWCASTLE

Great location between HWY 11/35, HWY 401 & HWY #2. Labeled Employment Lands under Durham OP Update. Vendor Take Back Mortgage available! Opportunity for large land bank, development, and end-users Fast growing community: population may double by 2031!

CALL FOR DETAILS

HOME & BUSINESS BUILDING LOT IN PICKERING

Nearly ½ an acre on busy Brock Road ideal for home or business. Great location neighbouring major plaza + high density development. Zoning supports detached house, animal hospital, and more. Owner open to possible VTB for qualified Buyer.

NEW LOW PRICE $999,999

AAA NEWCASTLE COMMERCIAL SPACE. NEWCASTLE

Busy anchored Plaza hosting national tenants with abundant surface parking and signage. Great opportunity for office, retail, or commercial users to find large or small clean & professional space for their business. Units on ground level and second level available. Up to 10000 SQFT for lease!

CALL FOR DETAILS

CHOICE RETAIL OR AUTOMOTIVE BUILDING CLARINGTON

Perfect size! 6000 SQFT on a fully paved 1 Acre lot! Free standing modern building, clear span, 14ft grade-level door all in excellent condition! A+ high traffic & high growth location in Clarington. Ideal for end-user or investment / rental. Exclusive listing. FOR SALE $1,600,000

TURN-KEY AWARD WINNING RESTAURANT & BRAND W/ BLDING. OSHAWA

Great opportunity to start in restaurant business. Well established and profitable restaurant in downtown Oshawa walking distance from multiple high density sites. Strong brand with many awards: excellent food and recipies. Building in good shape with recent upgrades.

CALL FOR DETAILS

• Property is centrally located on Portage Rd North

• Zoned General Commercial but will allow mixed use

• The lot is paved, fenced on 2 sides and has pole lighting

• Ideal location for a mixed use plaza or office building

• Seller will finance at a favourable rate with 25% down

• Other properties in the area include 2 car dealerships, 3 medical buildings, gov’t immigration building, legal and insurance offices

RENTING OUT YOUR CONDOMINIUM

BY JACQUELINE MONETA JD WITH ASSISTANCE FROM JAYSON SCHWARZ LLM

Buying a condominium as a rental property can be a great investment, but now that you’re a landlord, it’s important to understand the rules and regulations that govern you and your tenant.

What rules apply?

All landlords and tenants are governed by the Residential Tenancy Act, 2006 (RTA). The RTA outlines the rights and responsibilities of landlords and of tenants who rent residential properties. It also covers the leasing agreement and issues such as maintenance and repairs, tenancy agreements, rent, entering a rental unit and ending a tenancy.

In a condo building, the Condominium Act, 1998 also applies. The Condominium Act sets out the relationship between the owners, condo corporation and board of directors.

This means that you have to give your tenants a copy of the condo rules and make sure they adhere to them. The condominium corporation may have its own rules on rentals as well, which could include a minimum number of months for the rental and other obligations. It is important to read your condo rules prior to entering any lease agreement.

Do tenants have access to amenities?

Tenants must follow the same rules as owners, and have the same rights as owners when using building amenities.

However, parking spaces and/or lockers can be included in the lease agreement at the discretion of the unit owner. Owners can choose to retain those for themselves or rent them to another tenant.

How much can you charge?

When you’re renting a unit to a new tenant, you can set the rent based on current market prices. There is no maximum. The market price for a unit may be higher than that paid by a previous tenant.

The RTA covers most types of rental units. Generally, landlords can increase rent:

• only once every 12 months;

• with 90 days written notice; and

• based on the guidelines set for that year by the Ontario Ministry of Municipal Affairs and Housing.

Subletting and short-term rentals

What if your company sends you for three months of training in another city? It is becoming more and more popular to list your condo on a shortterm rental site to make some money while you are away.

Be careful; lots of new condos have specific rules governing shortterm rentals, such as a minimum number of months on a lease. When

buying an income property, it is important to read the rules prior to firming up your deal, and express this intention clearly to your realtor and lawyer. These rules prevent owners from converting their units into a vacation rental. Condo declarations can also spell out requirements, such as each unit shall be occupied and used only as a private single-family residence.

If you’re renting out a unit for a longer term, any tenants have to abide by the terms of the rules and declaration, too. Therefore, a tenant cannot lease the unit out for shortterm stays.

If you decide to sublet your unit, notify your insurance company to see if and how your policy covers damage caused by tenants.

When renting out your condo unit, you are responsible for following the rules of the corporation. Always check the rules to make sure you’re not in violation. Make it clear in your rental agreement that your tenant is bound by the condo rules, and give them a copy.

A condo can make a great investment, but you’ll save time and money if you put in some work at the beginning to understand your rights and responsibilities as a landlord. CI

SkyViews

SkyViews Your Price for ‘Upside’ Finding Value in the

Your Price for ‘Upside’ Finding Value in the Grey Areas

Grey Areas

By Cliff Ford, Skyview Realty

By Cliff Ford, Skyview Realty

With the ever-increasing demand for multi-unit residential properties amongst investors, a trend has been emerging over the last number of years. Many properties, and certainly buildings with 30+ units, are seeing multiple offers as part of an open bid submission process.

With the ever-increasing demand for multi-unit residential properties amongst investors, a trend has been emerging over the last number of years. Many properties, and certainly buildings with 30+ units, are seeing multiple offers as part of an open bid submission process.

If you aren’t familiar with the bid submission process, it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide all due diligence documents in advance of the offer deadline to allow buyers to determine what they are willing to offer on any given property. Sellers love this process as it can generally lead to multiple offers and can create a bidding war that drives up their end price. Buyers dislike this process, however, because they prefer to have some guidance on pricing going into the offer stage. As a brokerage, we are caught in the middle of wanting to deliver great results for our Seller and satisfying our buyer clients’ demands for more investment properties.

If you aren’t familiar with the bid submission process, it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide all due diligence documents in advance of the offer deadline to allow buyers to determine what they are willing to offer on any given property. Sellers love this process as it can generally lead to multiple offers and can create a bidding war that drives up their end price. Buyers dislike this process, however, because they prefer to have some guidance on pricing going into the offer stage. As a brokerage, we are caught in the middle of wanting to deliver great results for our Seller and satisfying our buyer clients’ demands for more investment properties.

What we have been noticing with these open bid properties is that ‘upside’ becomes a very common discussion point. The value a buyer places on the upside in a building can often become the factor that makes their offer stand out among the rest, at least as it relates to purchase price.

What we have been noticing with these open bid properties is that ‘upside’ becomes a very common discussion point. The value a buyer places on the upside in a building can often become the factor that makes their offer stand out among the rest, at least as it relates to purchase price.

When considering what the upside is on a property, its more than just rental rate upside, especially considering the lower vacancy rates seen in the Ontario market nowadays. Beyond the upside of what you could rent turned-over units for, investors are looking at upside in the utility consumptions by implementing programs to replace lighting with LED bulbs, installing Low-flow toilets in every unit, and investing in higher efficiency heating equipment. Upside can also be found in converting excess space in a building to either additional units, commercial space, or amenities that could draw in greater tenant rents. Sometimes even the location of the property itself

When considering what the upside is on a property, its more than just rental rate upside, especially considering the lower vacancy rates seen in the Ontario market nowadays. Beyond the upside of what you could rent turned-over units for, investors are looking at upside in the utility consumptions by implementing programs to replace lighting with LED bulbs, installing Low-flow toilets in every unit, and investing in higher efficiency heating equipment. Upside can also be found in converting excess space in a building to either additional units, commercial space, or amenities that could draw in greater tenant rents. Sometimes even the location of the property itself

can have a form of upside for a particular buyer, in that they may own a building nearby and could create valued upside in the sharing of mutual expenses between each property.

can have a form of upside for a particular buyer, in that they may own a building nearby and could create valued upside in the sharing of mutual expenses between each property.

Whatever the upside factors may be on any particular property, when going into a purchase process, understanding what YOUR value is on the upside will give you a leg up when bidding against other buyers. It appears that, at least for the time being, the sale price of the property is no longer determined just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course if every seller had their way, the Buyer would be paying for 100% of the upside in their purchase price but realistic sellers also know that they need to leave something on the table for a buyer. As a buyer, you need to know what the upside is and how much you are willing to pay for that upside. It is a business decision that only you can determine based on your operations.

Whatever the upside factors may be on any particular property, when going into a purchase process, understanding what YOUR value is on the upside will give you a leg up when bidding against other buyers. It appears that, at least for the time being, the sale price of the property is no longer determined just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course if every seller had their way, the Buyer would be paying for 100% of the upside in their purchase price but realistic sellers also know that they need to leave something on the table for a buyer. As a buyer, you need to know what the upside is and how much you are willing to pay for that upside. It is a business decision that only you can determine based on your operations.

To be fair when discussing bid submission processes, it should be stated that price may not always be the only factor when a seller chooses one offer to work with over another, but it is likely the most significant factor. As an example, buyers are becoming more and more organized in their purchasing processes in order to streamline their conditional periods and closing dates, as this can also help to achieve a sign back from a Seller when multiple offers are on the table. Especially if all offering prices are neck and neck, the terms of the offer becomes an important factor for a seller.

To be fair when discussing bid submission processes, it should be stated that price may not always be the only factor when a seller chooses one offer to work with over another, but it is likely the most significant factor. As an example, buyers are becoming more and more organized in their purchasing processes in order to streamline their conditional periods and closing dates, as this can also help to achieve a sign back from a Seller when multiple offers are on the table. Especially if all offering prices are neck and neck, the terms of the offer becomes an important factor for a seller.

You may not be a fan of the open bid submission process, but it appears as if this new trend will be sticking around. By doing proper due diligence upfront, good research on the property’s market, and determining the price you want to pay for the upside, you can still achieve great acquisitions in this tight and highly sought after investment class.

You may not be a fan of the open bid submission process, but it appears as if this new trend will be sticking around. By doing proper due diligence upfront, good research on the property’s market, and determining the price you want to pay for the upside, you can still achieve great acquisitions in this tight and highly sought after investment class.

https://youtu.be/IZyoRwMNjbg

Asking $649,000 to $999,000

Premium investment opportunity (6% cap rate) in the coveted Leslieville neighbourhood. This 3 Storey Commercial/residential property is comprised of 1 retail space on the main floor (Approx. 2,200 sqft) and 2 residential apartments on the second and third floors respectively. Conveniently located on Queen Street East, the location offers excellent foot traffic and with the increased density coming to the neighbourhood, offers sustainability moving into the future. For more information visit, www.theeastside.ca

$2,499,900 Asking $1,295,000

FORREST KENDLBACHER

416-921-1112

194 Sherbourne St, Toronto

$2,549,900

Established And Successful 4 Unit Airbnb. Fully Furnished And Grossing $150K A Year. Amazing Opportunity To Live In And Collect Income Or Add To Your Portfolio. Large Owner Suite. Legal Fourplex. Fully Renovated And Tastefully Decorated.

560 Queen St W, Toronto

$2,900,000

Prime Queen St West Property

On High Pedestrian Traffic Block

On The North Side, Just East Of Bathurst. Great Windows And Signage. Amazing Opportunity For User Or Investor. Tenant Has Given Notice To Vacate. Density Allows For 3X Coverage.

1116 College St, Toronto

$2,998,000

Fully Updated & Improved Income Property On College St.

All Major Capital Improvements

Done Recently. $119,550

Net Income! 4% Cap! Great Commercial Tenants. Good Rents For Apts. Potential For Great Upside On Turnover.

2720 Danforth Ave, Toronto

$8,850,000

Proposed 59,530 Sf Mid-Rise Development. 9 Storey 81 Residential Units, 1 Ground Level Commercial Space And 27 Underground Parking. Steps To Main Subway Station And Go Station. Short Term Tenant In Place. Planning Report From Weston Consulting Available. Development And Rsc Application Underway.

2970 Lake Shore Blvd W, Toronto

$13,950,000

Proposed 9 Storey 95 Residential Units And 5220 Sf Commercial

32 Underground Parking Spaces

98,684 Gfa Mid-Rise Development. Steps To Humber College Campus, Transit. Holding Income From Short Term Tenants In Place.

• Are you missing out on Commercial Real Estate Deals?

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If you answer yes to any of the above; Then this is for you!

Paul Kaminski