Commercial Investor - Ontario - May 20, 2023

Compelling Opportunity! Two buildings situated on three lots in perhaps the most exciting area in Waterloo! Looking for live-work space with income and parking? Or perhaps an in ll project/ redevelopment site? This site truly has it all. Situated steps to Waterloo Park’s LRT station (about 100 meters) and in front of the Barrel Works Development, this IS the most intriguing site in Waterloo on the market. Uptown Waterloo, with its shops and nightlight, Waterloo Park and Waterloo Rec Centre are quick walks away. Both universities are accessible by LRT - just a stop away! CIGI across the street. Perimeter Institute and Clay and Glass museum around the corner. 116 Erb is a mixed use building featuring commercial on main oor and a residential unit above. This building could be ideal as live-work space - in a very convenient, very high-pro le area. 110-114 Erb presents as a triplex and was previously rental licensed. Next owner can go to market rents immediately and can capitalize on perhaps the The Best Rental Market in Canada. This is a rare opportunity in the Uptown core. Why settle for a tertiary location when you can own The Best? Opportunity knocks - will you answer?

UNDER CONTRACT

DEVELOPER RENTAL GUARANTEE

$100,000+ Gross Annual Income Available Here - with more upswing available! This triplexed building is located just a two minute walk to to Wilfrid Laurier University, a quick walk to the vibrant amenities of Uptown and an easy walk to University of Waterloo. This building comes to you with three City-approved, rental licenses issued by City of Waterloo. Located on a street with properties that are predominantly owned by large multi-residential rental service providers, this is a rare opportunity for the private sector investor! Unit A has seen thousands of dollars in renos before going to market with some newer ooring and paint. Unit B tenants have been in place for a couple of years. There is an opportunity to go to market rents and increase revenue substantially on tenant departure in this unit. All units have generously sized common areas and spacious bedrooms with individual temperature control. Thoughtfully designed with a compelling unit mix of 3, 5, and 6 bedroom units. Ample parking. Note individual electrical meters! Opportunity on Units B and C to move electrical costs to tenant on re-rental. Roof done in 2022!This money maker will work well for: savvy investor looking for a foothold in lucrative Waterloo rental market, parent investor that seeks the ultimate location for their university bound child or even a university employee that wants to live close to work and generate mortgage helper income through the other units. Zoning may also provide future development opportunity when combined with adjacent properties. Let’s book a viewing of 311 Spruce Street - today!

here including plank laminate wood ooring, ceramic tile in bathroom, in suite laundry with stack-able washer/dryer (in Building F), oversized low e argon windows, knock down texture ceil-ings, granite countertops in kitchen and baths. All units pre-wired for high speed internet, telephone and cable Individual heating and cooling controls. This well-appointed community will feature a plethora of common amenities available to all community members regardless of building: games room, theatre room, study lounge, business centre, yoga studio, tness room and terrace barbecue space - spread throughout the development. The building features: water softener, upgraded elevators, ceramic ooring, high ef ciency lighting and buzz board/intercom access control and security cameras. Condo fees include: insurance, common amenity utilities, water, cleaning, landscaping/snow removal, private garbage collection, and maintenance. This is a compelling, turn key, passive income opportunity!

MLS®

110-116 Erb Street West, Waterloo

311 Spruce Street, Waterloo

MLS®

MLS®

6,700SF Plaza situated on 1+/- Acre lot zoned C4-48 on major artery in Guelph directly in front of Walmart/Smart Centre. The building consists of 5 fully rented units with 1,600SF of basement space, plus additional income from Bell Communication tower at the rear of the property. Other features include 5 drive in doors, 9’10 ceiling height, plenty of onsite parking, on public transit line, great exposure.

1.796 acres of Commercial Land available for sale. Located on the North side of Victoria Street North between Lancaster Street West and Conestoga Expressway. High traffi c artery. Located on public transit route. C-6 zoning allows for a variety of permitted uses some of which include tradesman and contractor’s establishment, commercial parking facility, convenience retail, repair service and more. Utilities located at the street. MLS

$1,595,000

Live/Work Duplex recently renovated in AAA Location on 2 public transit lines. 3,600SF building w/ 3 dedicated entrances, currently with spa/clinic layout on lower 2 levels and a 4 bdrm residential home on upper 3 levels. Featuring 13 recently paved parking spaces, fully fenced back yard area, new furnace & A/C, water purifying system, air exchanger, security system, brand new kitchen and much more! MLS.

CALL RYAN BRIGGS

Investment opportunity! Beautifully renovated top to bottom 2 unit, 3 bdrm house w/ 1 bed accessory apartment in Downtown Kitchener. 1,200+ SF of above ground living space plus fully fi nished lowerlevel in-law suite. Corner lot w/ private drive and detached garage. Prime location situated within walking distance of Google, School of Pharmacy, LRT and close to expressway.

CALL RYAN BRIGGS 82

GROSS

• 1,260sf offi ce space in Downtown Kitchener

• Available immediately

• Ideal for lawyer, accountant, massage therapist, chiropractor

• Close to Region of Waterloo courthouse, Conestoga College

• On public transit route, close to the LRT and amenities. Exclusive

CALL REBECCA RAWLINGS 519-578-0337

11 BELMONT AVE W, KITCHENER

3 LOCUST STREET, KITCHENER $799,900

WEBER ST E, KITCHENER $15/SF

51 WOODLAWN RD W, GUELPH $2,200,000

CALL RYAN BRIGGS

480 VICTORIA STREET NORTH, KITCHENER $1,900,000

CALL NEIL KOEBEL

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

$699,900

550 UPPER JAMES STREET, HAMILTON

Totally renovated multi-purpose Comm. building sit. on 21.45x149.27 lot located on central Mountain enjoys hi-volume of daily vehicular/pedestrian traffic offering ex. visual exposure. Incs 728sf of MF Comm./Retail area operating as est. Hair Salon ftrs 5 work stations, 2 sinks, laundry station & 2pc bath. Boasts mod. frontal facade, brick side/rear walls, front/side MF entries & rear door to 766sf open concept UL office space w/kitchenette, dinette & 2pc bath. Meets all fire separation codes, separate n/g furnaces & AC units, hydro/gas meters & asphalt side driveway w/4 dedicated parking spots. Contact LS re: driveway ROW.

$115,000

Vibrant restaurant business in heart of Dunnville’s downtown, ex. visibility & hi-volume of daily pedestrian traffic. “Small Dimensions” - renowned for outstanding, healthy food w/no additives or preservatives incs steady/loyal clientele base. Ftrs large foyer providing entry to 810sf dining area, 10ft ceilings accommodating 46 patrons & fully equipped 400sf comm. kitchen. 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 - do not enter during business hours.

$549,900

$775,000

Jarvis Country Opportunity featuring 1.98 ac corner parcel on desired Old Highway #3 with approximately 434’ feet of frontage weith Industrial zoning component (legal – non conforming). Offering a 2 bedroom, 1 bathroom Bungalow and approximate 103’ x 40’ shop/garage with washroom, office area, & approximate 12 ft ceiling height. Separate water & septic source for the home and the outbuilding. Call LA re: HST, legal non-conforming zoning, tenant vacancy, & more info regarding due diligence. Being sold “as is”. Seller does not represent zoning, septic, water, or any info regarding the property. *No interior viewing of the home until offer has been accepted due to tenant.

$950,000

316 MAPLE STREET, DUNNVILLE

6 unit, 5647sf double brick “Dunnville Icon”-incs 2 Comm. Units & 4 Res. Units. Enjoys corner frontage on Maple & Alder St near downtown, schools & parks. Originally constructed as church in 1870-retrofitted in 1910 bordering neighboring parking lot. 2 Comm. units offer large retail space, 11’ ceilings, plank flooring, n/g furnace & 1 bath (shared by 2 units). 865sf unfin. unit ftrs swing doors- minimal cost to renovate into extra rental unit. Incs 1 MF 2 bedrm unit & 3 UL units (all 2 bedrms). All units rented generating aprx. annual gross aprx-$37,795/aprx. annual net-$24,792poss. upside to increase current below market rent.

$4,750,000

0.33 ac Commercial/Residential property situated in heart of Turkey Point’s famous beach strip - possibly this resort town’s most coveted location-exploding every summer w/tourists enjoying sand beaches directly in front of property. Incs Comm. Restaurant (currently leased until 2025 w/profitable annual income) offers aprx. 2000sf work area incs fully equipped kitchen, takeout windows, WI cooler, 3pc bth, laundry, SS range hood, fire suppression’20, membrane roof’16, equipment-Sch

D. Incs 3 bedroom year round home freshly painted/redecorated in’23 (aprx.1000sf) positioned behind Restaurant incs new 600sf deck’23, luxury vinyl flooring’23, roof’17, p/g furnace’19, community water, Fibre Internet & recently painted exterior. Possible VTB.

2032 MAIN STREET N, JARVIS

2 stry brick dwelling located in downtown Jarvis - near amenities, schools, parks, shops, eateries & walking track. Situated on 0.22ac lot, covered porch w/entry to foyer, living room/poss. bedroom incs FP, family room, office, renovated 3pc bath & dining room w/plumbing RI. Period hardware floors, wood trim + 8.6/9ft ceilings enhance historic charm. Orig. staircase accesses upper level hall w/balcony WO, 288sf living room, 2 bedrooms, 4pc bath, full kitchen & all purp. room ftrs balcony WO & wood outdoor staircase. Service style basement houses newer n/g hot water boiler & 100 amp hydro.

1776 #54 HIGHWAY, CALEDONIA

ATTENTION - Developers, Investors, Speculators - 72.79ac property directly abutting Caledonia’s largest ongoing residential building development enjoying 512ft of Hwy 54 frontage - incs 1978 brick bungalow offering 1650sf of living area, 1650sf unfinished basement, 400sf att. garage, 16x32 IG heated pool, 2523sf built P&B barn (1935), grain bin + aprx. 45-46ac workable land & 10-12ac forest. Incs living room w/ nat. stone FP, dining room, functional kitchen, dinette enjoying patio door WO to resort style rear deck/pool, master bedroom incs 3pc en-suite & WI closet, 2 bedrooms, 4pc bath, MF laundry, 2pc bath & mud room w/direct garage entry. Massive basement houses HVAC systems. Majority of value is in large acreage/land component.

209 CHESTNUT STREET, DUNNVILLE

103 CEDAR DRIVE, TURKEY POINT

$1,299,000

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

Understanding your condo docs

NEXT ISSUE: June 17, 2023

ADVERTISING DEADLINE: June 7, 2023

GROUP SALES MANAGER

Randi Segal

1.866.536.2606 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

CIRCULATION INQUIRIES distributionteam@mediaclassified.ca

DIRECTOR OF PRINT MEDIA

Lauren Reid-Sachs

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 2023. 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.

Get the right type of insurance for your business

Your business may have many assets: Vehicles, office space and equipment, inventory, an indispensable employee or partner and, most importantly, yourself. To protect these assets and to protect your business from potential risks, you should consider getting insurance.

All businesses take some risks, but taking too many risks or failing to protect yourself does not make good business sense. Could your

business survive if one of the partners dies or becomes disabled? Would you have sufficient cash on hand to deal with any business

emergency that could arise? In many cases, the answers to these and other questions about risk is “no”.

Insurance needs vary greatly and it is best to get advice from an insurance broker or agent who is familiar with your specific type of business. The following are different types of insurance that may apply to your business.

Insurance for owners, partners and key employees

The loss of a key person can devastate your business and your

livelihood. These types of insurance can help protect your business and your family from potential risks:

• Life insurance — Protects your family in the event that something happens to you. This is especially important in the case of a sole proprietorship, because the owner is personally liable for all the debts of the business.

• Disability insurance — Will provide you with income for a specified period of time, if you are unable to work due to an injury or illness.

• Partnership insurance or buy-sell insurance — If your business partner passes away, partnership insurance will allow you to purchase the shares and continue running the business.

• Critical illness insurance — Provides you with a lump sum benefit, if you are diagnosed with a critical illness.

• Key person insurance — If you rely on certain key people to help run your business, protect yourself against the loss of these key employees. Speak to your accountant to find out which of these are deductible as business expenses and which ones you will need to pay for yourself as an individual.

Insurance for business property and earnings

You need to protect your assets and earnings in the event that a disaster or emergency destroys part or all of your business premises and assets. This could include:

• Property insurance — Property insurance will cover the property and buildings owned by your business in the event of destruction or damage due to things like fire and other perils.

• Contents insurance — This covers assets that you store at your business premises. If you are leasing space for your business, the owner of the property probably has property insurance, but you are likely responsible for your own contents insurance. If you run your

business out of your home, you will likely need separate contents insurance for your business assets.

• Business interruption insurance

— If you need to shut down your business temporarily due to a fire or other peril, business interruption insurance will cover your loss of earnings until you are back in business.

• Vehicle insurance — You will need to insure any vehicles that your business owns. If you use personal vehicles for business purposes, be sure to advise your insurance company.

Liability insurance

Mistakes happen. You, your employees, your equipment or your suppliers could be the cause of mistakes that ultimately end up hurting your customers, your employees or other people who are involved with your business. To protect your business from being sued, you should consider these types of insurance to limit your liability:

• General liability — Covers injury to clients or employees on your premises

• Product liability — Provides protection in the event that your products are defective or cause serious harm to those using them

• Professional liability insurance

— Provides protection if you are sued by a client for errors, omissions or negligence, when performing professional services

• Cyber liability — Protects in the event of a lawsuit stemming from an electronic security breach involving compromised personal or commercial information. Can include situations relating to the theft of devices containing organizational, client, employee, or similar data.

Accounts receivable insurance

Having a client that does not pay can leave you in a difficult situation. You

have to pay your employees and suppliers, and are essentially stuck covering the costs of goods sold, without the corresponding revenue. Accounts receivable insurance, also known as credit insurance, can help protect you from this risk, when a client goes bankrupt or refuses to pay.

The risks are often greater when dealing with export markets. The government offers export insurance to cover a variety of risks including accounts receivable insurance.

Health insurance

Providing a health insurance plan for employees can be a key factor in recruitment and retention of employees. You can talk to an insurance broker or company about group plans covering supplemental health and dental benefits for your employees.

Get the right insurance for your business. Making sure you have the correct business insurance can provide peace of mind. To discuss your business insurance options, contact an insurance representative to find or develop a plan that is right for you and your business. You may also wish to contact your local chamber of commerce or industry association, as some organizations offer members lower rates on their business insurance. CI

Source: Canadabusiness.ca

You need to protect your assets and earnings in the event that a disaster or emergency destroys part or all of your business premises and assets.

LEASE

MAIN-9 KING STREET N WATERLOO

UNDER CONTRACT

ft net

MLS

22

• Top floor shell office space

• Additional rents include utilities & in-suite cleaning

• On-site accessibility

• 2,044 – 4,880 sq ft

• $17.95/sq ft net

LEASE

55

• Office space with excellent visibility

• Utilities included in additional rent

• Abundance of natural light

• 1,889 – 3,700 sq ft

• $15.95-$16.95/sq ft net

MLS

210

• Industrial or office space

• Located at the round about at Sheldon Dr and Franklin Blvd

• 4,264-6,349 sq ft

MLS

• $8.95-$12.95/sq ft net

MLS

SHELDON DRIVE, CAMBRIDGE LEASE

ERB STREET E, WATERLOO

KING STREET N, WATERLOO LEASE

Agincourt Mall Redevelopment in Scarborough advancing according to plan

Application with the City of Toronto. The end result will be a great addition to the Agincourt community.”

Last year, Toronto City Council approved the zoning bylaw that permits NADG to proceed with its vision to transform the property into a high-density, mixed-use community with thousands of new residential units, parks, retail venues, public spaces and office uses. Currently, NADG is working with the City to secure approval of its site plan application for the first phase of the

project as well as the detailed design for the public streets and related servicing and infrastructure.

“We’re pleased with our progress,” says Steve Bishop, NADG’s vicepresident of development services. “Our original vision of transforming Agincourt Mall into a vibrant community to live, shop and work, is coming to fruition and we are pleased to be advancing our Phase One Site Plan

According to Bishop, “The Site is strategically located within walking distance to the Agincourt GO Station at the northeast corner of Kennedy Road and Sheppard Avenue. The current retail mall, situated on 26 acres of land, will be transformed into a safer, pedestrian-friendly community with wide sidewalks, new bike paths, public spaces and enhanced connections to the surrounding community.”

The recently redeveloped Agincourt GO Station is slated to offer all-day, two-way service as Metrolinx continues its capital investment program and upgrades

North American Development Group (NADG) and its development team continue to work with the City of Toronto on the planning approval process for the redevelopment of the 26-acre Agincourt Mall.

its infrastructure with new tracks and grade separations. This north/ south rail corridor will provide even greater connectivity to both Toronto’s downtown core and surrounding communities in the GTA.

Phase One of the Agincourt Mall redevelopment encompasses two towers of 26 and 42 storeys atop a six-storey podium complete with complementary retail uses at the base of each tower.

Highlighting future phases of this new community there will be an eclectic mix of at grade retail complemented by a mix of small and large format shops, a supermarket and restaurants. A new retail promenade will be lined with boulevard cafes, lush landscaping and gathering spots. Two new parks totaling 3.7 acres, equivalent to

three football fields will be deeded to the City – providing much needed greenspace for the community.

The approved plan also includes four Privately Owned Publicly Accessible Spaces (POP’s) and a Multi-Use Path (MUP) that will enhance the public realm by linking new and existing parks, while enabling residents from the broader community with a pedestrian/cycling connection to the GO station.

Upon full build out this new residential community will include more than 4,300 units ranging from one- to three-bedroom units in 10 new towers ranging in height from 11 to 43 storeys based on podiums, as well as 39 new townhouses. In addition, the new community will offer affordable housing units spread throughout the site.

WE HELP YOU GROW YOUR DREAMS

With families in mind, the approved plan also includes a childcare facility complete with indoor and outdoor space, as well as a brand-new community (non-profit organization) space. CI

reinventagincourtmall.com

Phase One of the Agincourt Mall redevelopment encompasses two towers of 26 and 42 storeys atop a six-storey podium complete with complementary retail uses at the base of each tower.

Unlimited income potential, 2 properties on .85 acres the residential property is as follows; updated 1750 sq.ft. of living space double car garage and outside parking for 5 cars.

Present on the adjacent property is a commercial turn key operation west side automotive, previously Thruway Muffler. This building includes 2 garages and two office spaces and a public bathroom, multiple entrances which include 4 10ft. garage bay doors. Parking spaces, 14 in the front and 30 in the back of the gated fenced yard.

WATERLOO

WATERLOO

MLS® 40367627

COMMERCIAL BUILDING/LAND

MLS® 40367627

1,600 SF | 0.673 Acres | $3,200,000

AVAILABLE FOR SALE

AVAILABLE FOR SALE

ELORA

MLS® 40411555

CAMBRIDGE

CAMBRIDGE

MLS® 40267992

COMMERCIAL BUILDING

MLS® 40267992

11,679 SF | 0.21 AC. | $2,500,000

COMMERCIAL BUILDING/LAND

Chad Ritzer* x 3033

1,600 SF | 0.673 Acres | $3,200,000

Chad Ritzer* x 3033

KITCHENER

MLS® 40397799

REDEVELOPMENT LAND

1.21 Acres | $7,900,000

BRESLAU

James Boudreau* x 3020

BRESLAU

OFFICE CONDO UNITS

2,5000 SF | $1,150,000

ORANGEVILLE

Chad Ritzer x 3033

ORANGEVILLE

MLS® 40400544

MLS® 40400544

BUILDING AND LAND

45,711 SF | 19.88 AC. | $22,500,000

Eric Frey* x 3118

John Hoffman* x 3040

BRANTFORD

MLS® 40165651

MLS® 40373566

REDEVELOPMENT SITE

MLS® 40373566

REDEVELOPMENT SITE

2.108 AC. | $4,300,000

James Boudreau** x 3020

BRANTFORD

MLS® 440392411

COMM/RES. INVESTMENT

3 COMM UNITS | 5 RES. UNITS $2,350,000

Eric Frey* x 3118

MLS® 40389801

RETAIL INVESTMENT

25,000 SF | 1.51 AC. | $6,000,000

WATERLOO

Lester Tobin* x 3023

WATERLOO

MLS® 40386429

BUSINESS ONLY

MLS® 40386429

BUSINESS FOR SALE $349,000

BUSINESS ONLY

BUSINESS FOR SALE

Lester Tobin* x 3023

$349,000

Lester Tobin* x 3023

Each office is Independently Owned and Operated

Each office is Independently Owned and Operated

COMMERCIAL BUILDING

James Boudreau** x 3020

11,679 SF | 0.21 AC. | $2,500,000

GUELPH

James Boudreau** x 3020

GUELPH

MLS® 40321109

REDEVELOPMENT LAND

MLS® 40321109

9.53 Acres | $19,500,000

Eric Frey* x 3118

REDEVELOPMENT LAND

John Hoffman* x 3040

9.53 Acres | $19,500,000

Eric Frey* x 3118

John Hoffman* x 3040

GUELPH

MLS® 40389807

RETAIL INVESTMENT

25,673 SF | 2.27 AC. | $5,000,000

WATERLOO

Lester Tobin* x 3023

WATERLOO

MLS® 40377927

BUSINESS ONLY

ESTABLISHED RESTAURANT $129,000

MLS® 40377927

BUSINESS ONLY

Lester Tobin* x 3023

ESTABLISHED RESTAURANT $129,000

Lester Tobin* x 3023

Options and credit practices in export financing

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

Payment guarantees

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

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

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.

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

George Gicopoulos Sean Gicopoulos

HEY LOOK!!! CLARINGTON IS STILL HOT!!!

10 YEAR LEASE AVAILABLE — CLARINGTON INVESTMENT

New industrial building 10, 680 sq.ft. single Tenant fully net lease. Excellent location next to 401, spotless — clean environmental. Paved parking, drive-in doors. Asking $3,250,000

MONEY TREE BOWMANVILLE PLAZA — CLARINGTON

Choice frontage on Highway 2 in designated high growth area. 100% leased to rock solid Tenants. 7 Commercial units, 8x2 Bdrm. Apts. Separate meters, fully net long term leases, Newer roof, clean environmental and appraisal asking $6,500,000. A smart investors choice. Call for details.

CHOICE BUSINESS OFFICE SPACE — NEWCASTLE

One of the hottest markets in Durham area. Gorgeous space Next to Foodland, Dollar Store, Pharmacy — Gorgeous modern Building — medial and health services preferred. For lease @ $14.00 net. Remarkable deal/multiple units can be demised!!

35,00 SQ. FT. FREESTAND, SINGLE TENANT INDUSTRIAL/CLARINGTON

For lease $14.25 net, sprinklered, 26’ clear, truck docking and drive-in. Brand new construction. Available Approx. August 1st for Tenant Improvements. Just east of Oshawa next to 401 exit.

SHOUT OUT TO SMALL BUSINESS! FOR SALE BOWMANVILLE

Commercial zoned building with large lot!! Ideal for lawyer? Accountant? Therapy? Small office. Recently redecorated or home and business you name it! For sale @ $800,000 Make an Offer!

DROP DEAD DEAL —OSHAWA — SIMCOE ST.

Office space with elevator from 1,100 sq. ft. to 5,000 sq. ft. @ $7.75/sq. ft. What a bargain! On site parking — much less $$$ than industrial space —Take advantage now!! When it’s gone, its gone!!

PRIME HIGHWAY 2 PLAZA SPACE — COURTICE

Excellent space! Very busy plaza with Bank of Nova Scotia, Insurance, Convenience store, offices. Next door to Tim Hortons. Up to 1,550 sq. ft. Ideal for professional services, health care, veterinarian, physio, retail service $22.00/sq. ft. net Available now! Call to inspect.

John Shewchuk Brian Shewchuk

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

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

Understanding your condo docs

BY JACQUELINE MONETA JD WITH ASSISTANCE FROM JAYSON SCHWARZ LLM

have a large impact on your day-today life.

Status certificate

Condominium declaration

The declaration is like the constitution of a condo. It provides information regarding each suite’s boundaries and share of common expenses expressed as a percentage of the total budget. The declaration also describes any recreational facilities and how they will be used. It can also contain restrictions on the use or occupation of the units and common elements. A review of the declaration will tell you exactly what you are buying.

A declaration can only be changed if more than 80 per cent of the owners agree to the change. This makes subsequent changes to the declaration difficult and rare.

By-laws

The by-laws control how condominium corporations are run. They outline the qualifications of condominium directors, their remuneration (if any), and the quorum necessary for a meeting. The by-laws may also outline when and how the condominium can borrow money. This is important if there is ever a special assessment levied. As an alternative to a special assessment the condo may be able to borrow funds, if allowed in the by-laws, rather than

makeup any shortfalls from the unit owners.

By-laws can be passed, appealed or amended by the board of directors. Before becoming effective, by-laws must be approved by a majority of the units of the corporation and registered with the land registry office.

Condominium rules

The board of directors can also make, amend or repeal rules. The rules govern the safety, security or welfare of the owners and the property or assets of the corporation. They typically prevent unreasonable interference with the use and enjoyment of the common elements or units.

It’s common for the rules to prevent owners from renting out their units for short periods of time (ie. Airbnb) or restrict visitors’ use of the common elements. It is also increasingly common for the rules to limit the number and/or size of pets allowed in the building.

Rules can vary greatly in each condominium, so even if you are familiar with condo living it’s important to review the rules in each building you buy into. They can impact lifestyle choices, which while not legal issues, should be considered carefully as they can

Perhaps the most important document you’ll receive is the status certificate. This document gives buyers details of the financial and legal circumstances for the condominium building. A status certificate will include information regarding increases in common expenses, law suits against the condominium corporation and any upcoming large expenditures for repairs.

A status certificate will also have information about the individual condo unit. It indicates if the current owner is in default of paying common expenses and if any increase in common expenses has been declared by the condominium board.

While sifting through these documents may seem overwhelming, careful review of the rules and regulations governing your condo could save you a lot of time and unexpected cost down the road. You should also seek the advice of a real estate lawyer and accountant who can point out abnormalities or possible red flags.

Don’t forget the best help you can get is from a real estate lawyer who understands condominium law. Be careful and find someone who is knowledgeable and cares about you and your family. This is an important milestone in your life.

Send or fax letters to the magazine or to us, use the website (schwarzlaw. ca), email (info@schwarzlaw.ca) and give us your questions and concerns. We will try to deal with them in print or electronic form. CI

New disclosure requirements in the Condominium Act provide owners with more information than ever, but all of this information can quickly become overwhelming. What are all the documents and what do they tell you? The following is an overview of the rules and regulations governing condo living.

$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.

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

SkyViews

Your Price for ‘Upside’ Finding Value in the 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.

FORREST KENDLBACHER

416-921-1112

SOLD SOLD

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.

100 Burland Crescent, Hamilton, Ontario

This 47,400 sq ft industrial building features: 10 drive-in level doors, 8 cranes, 400 Amp and 600 Volt power, joist heights of up to 23’ 5” (majority of the building is 17’ 10”), office space, 2 fencedin yards, and plenty of parking. The property is zoned “M5 - General Industrial” which is ideal for manufacturing, industrial, production, services, warehouse, and many others. This convenient location is only 4-minutes from the QEW, 4-minutes to the Red Hill Valley Pkwy, 8- minutes to Burlington, and is roughly the midway point between the United States border and the city of Toronto.

The safe-area prevents over crowding and provides the brandmark with enough room