Full Coverage Area Including: London • Kitchener • Niagara Falls • Hamilton • Toronto • Ottawa June 1–29, 2024 Volume 24 | Issue 6 Featuring: Commercial•Industrial•Franchise+Business Opportunities FREE Brantford Investment Opportunity bobbypanchi.com 226-450-1611 Direct 905-521-7551 Office 409 Colborne Street 409 Colborne St. $90000 Gross yearly income. 2 residential and 1 commercial High traffic Count 6 car Parking $995,000.00 Bridgecan Realty Corp. Brokerage THE A-TEAM BOB AIREY BOBAIREY@ROYALLEPAGE.CA 416.705.7507 ROYAL LEPAGE REAL ESTATE SERVICE LTD, BROKERAGE AMAZING OPPORTUNITY! JUST LISTED: 27887 HIGHWAY 48 ROAD, SUTTON, ON. LARGE HOUSE SITUATED ON 5 ACRES. “NATURE LOVER’S PARADISE” 20 PARKING SPOTS. SUITS LARGE AND OR EXTENDED FAMILY. GOOD FOR TRADES, VEHICLE SALES, MEDICAL, VETERINARIAN, EDUCATIONAL, COMPUTER SALES - ANY USE PERMITED UNDER HIGHWAY COMMERCIAL ZONING. $2,500,000 ACT NOW! COMMERCIAL RESIDENTIAL INDUSTRIAL SALES & LEASING YOUR LONDON & SURROUNDING AREA CONNECTION JAN LUISTERMANS Sales Representative 519 709 0702 jan.realty1@gmail.com 395 Castlegrove Blvd., London, Ontario, N6G 1K4 Realty 1 Strategic Ltd. Brokerage NADIA HALUNGA - JORGE Broker of Record 519 697 8987 nadia.realty1@gmail.com $1 BILLION IN SALES EVERYONE CAN SEARCH FREE TO MAKE CONNECTIONS FSBO DATABASE 2 FREE TO PLACE INFO ICIW orld .COM INSTALL THE APP 1-877-272-1721
WANTED “CONDO TITLED” PROJECTS AND MORE � TOWNHOUSE PROJECTS � WALK-UPS � SEMI-DETACHED � BUILDERS WANTING TO SELL UNITS IN BULK � ALREADY BUILT AND RENTED � CITIES & TOWNS OUTSIDE OF TORONTO � QUICK CLOSE CONTACT GINO 416.816.4360 genegiordano88@hotmail.ca PRIVATE INVESTOR 2
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
$5,200,000
Well maintained 30 unit apartment building. 1 bach, 23 one bdrm, 6 two bdrm. Several recent improvements including roof, windows, doors, boilers, hot water heaters and more. One passenger elevator. Surface and podium (rear) parking. Professionally managed. Fully rented. Excellent location. Well maintained. Exclusive.
rate entrance. Pristine 10 stall barn (currently made to 8), private riding arena and ample opportunity for outdoor boarding. The property features approx. 45 acres of open farmland with an additional 50 acres of forest comprised of mostly maple trees complete with walking/horseback riding trails. Amazing opportunity!
$2,400,000
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.
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 CALL NEIL KOEBEL
Brand new 1 bed + den condo | $559,900 Attention investors! Assignment sale of brand-new unit in North Waterloo. 583 sqft 1 bed + DEN 3rd floor unit with balcony and one surface parking space in The Jake Condos.
Brand new 2 bed condos | Starting at $599,900 Investment opportunity! Multiple 2-bedroom units available in the brand new The Jake Condos. Over 700 sqft with private balconies. CALL RYAN BRIGGS
KITCHENER, ONTARIO 519.578.0337 NEIL KOEBEL Broker of Record CELL: 519.741.6594 Neil@cmarealty.ca RYAN BRIGGS Sales Representa tive CELL: 519.498.5775 Ryan@cmarealty.ca 103 EMERALD STREET SOUTH, HAMILTON
CALL NEIL KOEBEL 51 WOODLAWN RD W, GUELPH
CALL RYAN BRIGGS 3855 HESSEN STRASSE, WELLESLEY $4,500,000 97 acre property located minutes from Waterloo, just outside St. Clements. Solid pine 3 bed 3 bath log home with geothermal heating and cooling system and lower level in-law apartment with sepa-
CALL
BRIGGS 480 VICTORIA STREET NORTH, KITCHENER $1,900,000 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 traffic artery. Located on
101 GOLDEN EAGLE ROAD, WATERLOO
RYAN
11 BELMONT AVE W, KITCHENER
$1,495,000
3
•
•
•
•
•
•
•
•
•
•
•
LEASIDE COMMERCIAL LOFTS FOR SALE 40% SOLD!!!
36 EMPLOYMENT ZONED CONDO UNITS
•
EVERY UNIT HAS A LOADING DOOR
1,300 SQ.FT. AND UP, FROM $410/SQ.FT.
2023 Q4 OCCUPANCY
•
WALK TO LEASIDE RETAIL AMENITIES AND LAIRD/EGLINTON LRT STOP
SUITS: OFFICE, WAREHOUSING, CONTRACTORS, LIGHT MANUFACTURING, SERVICES.
OPEN CEILINGS
LARGE WINDOWS
2 PIECE ROUGHED-IN
ALL UNITS HAVE SHIPPING DOOR ACCESS
60 AMP 120/208 VOLTS ELECTRICAL SERVICE
COMMON GARBAGE AREA, PRIVATE PICK-UP
LOW COST CONDOMINIUM MANAGEMENT THESE TYPE OF UNITS NEVER LAST BOSLEY REAL ESTATE LTD., BROKERAGE RESPECTS THE CONTRACTS OF ITS COMPETITORS. 103 Vanderhoof Avenue Toronto, Ontario M4G 2H5 JOHN ROBB Sales Representative Vice President Commercial Division j.robb@bosleyrealestate.com 416-440-0056 UNITS STARTING FROM $549,000 Industrial Specialists 1.800.914.7510 spearheadpm.com | info@spearheadpm.com Let us show you what our clients have been enjoying and you’ve been missing. 4
Summa Property Management ensures that your property receives personal, hands-on, and professional management attention. As a real estate investor, you can rely on our expertise and commitment to service. That affords you the ability to spend your valuable time pursuing your own interests. You can be comfortable in the knowledge that the problems and issues of property management are receiving prompt attention and action.
Our in-house accounting department utilizes professional accounting software to produce monthly financial statements to suit your needs, administration for letters and memos to tenants, and additional managers to service your units as needed.
If you are looking for a motivated, professional organization that understands the real estate management business, Summa Property Management is your first choice!
Condominium Rental Management
This service is offered to those who own one or more individual condominium units not occupied by the owner on a full-time basis, and who require personal property management.
We offer rental services which include placing advertising, receiving calls, host showings, processing applications, completing necessary references, background and credit checks, preparing the lease and receiving the rent payments.
Condominium Rental Services
• Hands-on personal property management service
• Effective leasing programs driven by innovative advertising and marketing
• Rental & maintenance fee collection and deposits
• Regular property inspections
• Supervise maintenance as needed
• Monthly and annual financial statements and reporting
• Rent roll and unpaid reporting
• Management reports
• Approval and payment of all invoices
• Recommendations for property renovations and upgrades
• 24/7 response to emergencies
Ryan Stone, OLCM, CPM®, ARM, ACOM PRESIDENT
e: propman@summapm.com 218 - 3089 Bathurst Street Toronto, Ontario M6A 2A4
T: 647.341.7990 www.summapm.com
SUMMA PROPERTY MANAGEMENT INC PROFESSIONAL PROPERTY MANAGEMENT & CONSULTING
5
$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.
$1,000,000
Established GRAIN ELEVATOR/SEED CLEANING FACILITY incs 51.09ac property, century home w/in-law addition, 2 grain elevator receiving pits w/tower grain dryer & 80’ truck scale, 340,000bu bin storage, add. 60,000bu of Quonset storage (400,000bu total) w/extra storage at seed cleaning facility. Various sized buildings allow for add. storage. Used for round-up ready soybeans -can be converted for cleaning nonGMO soybeans. Precision cleaning capacity 8MT/hr - treating capacity 20MT/hr. 28ac of tiled workable land, natural gas & 400 amp hydro w/phase converter.
3 CAYUGA STREET S, CAYUGA $200,000
0.41ac parcel of vacant land offering 130.50ft of frontage on Cayuga St. S. located in heart of Cayuga -near schools, downtown shops/eateries, Grand River parks & boat launch. Property can ONLY BE PURCHASED w/same Buyer purchasing 0 Ouse Street, Cayuga & 39 Cayuga Street, Cayuga. TOTAL list price of 3 properties is $1,300,000. Rare opportunity to own almost 1 acre (total 3 properties) of prime real estate - ideal for future development. Offers presented 5pm May 28/24
1289 HIGHWAY 54, CALEDONIA $2,900,000 Vibrant restaurant business in heart of Dunnville’s downtown, ex. visibility & hi-volume of daily pedestrian traffic. “Small
Exceptional office building boasts a strategic location in this busy town, two spacious office areas with welcoming waiting area, a fully equipped kitchen, and a versatile meeting hall on the main level. Additionally, the basement area offers multiple rooms that can be customized to suit your unique needs. Don’t miss out on the chance to establish or expand your business in this fantastic location.
Solid conc. block constructed church located in Hagersville. Versatile building on 66’x132’ lot incs private & street parking. Welcoming 140sf foyer introduces 4174sf of main level space highlighted w/1867 worship sanctuary ftrs hardwood flooring, 13.5 ceilings & wooden pews, 702sf worship overflow space, board room, 2pc bath & rear foyer. Lower level offers 800sf fellowship hall, fully equipped kitchen, 2 sep. 3pc baths, large nursery, minister’s office, 5 meeting rooms & 2 utility rooms. 13 SHERRING STREET N, HAGERSVILLE $539,000 Incredible Investment Opportunity
sit.
prime corner lot enjoying unobstructed
views of Grand River. Incs
garage
2685sf office space, 2685sf shop space, walk/drive-out basement
bathroom.
heater, 200
-
on 0.44ac
westerly
5226sf
ftrs
& 1
Serviced w/n/g unit
amp hydro & municipal water/sewers. Property can ONLY BE PURCHASED w/same Buyer purchasing 3 Cayuga St & 0 Ouse St. (TOTAL list price of 3 properties is $1,300,000) Sold “AS IS-WHERE IS”. Offers presented at 5pm May 28/24 39 TALBOT STREET W, CAYUGA
19 RIDOUT STREET W, TILLSONBURY
$455,000
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. 209 CHESTNUT
DUNNVILLE
ac parcel of vacant land offers 50ft of frontage on Ouse St. enjoying unobstructed Grand River views located in heart of Cayuga - near schools, shops/eateries, Grand River parks & boat launch. Property can ONLY BE PURCHASED w/same Buyer purchasing 3 Cayuga St. Cayuga and 39 Cayuga St. Cayuga. TOTAL list price of 3 properties is $1,300,000. Rare opportunity to own almost 1 acre (total 3 properties) of prime real estate - ideal for future development lines. Offers presented 5pm May 28/24 0 OUSE STREET S, CAYUGA $100,000 Commercial/Residential property in heart of Turkey Point’s famous beach strip - 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, membrane roof, equipment-Sch D. Incs 2 bedroom year round home freshly painted/redecorated in’23 behind Restaurant incs new deck’23, luxury vinyl flooring’23, Fibre Internet & recently painted exterior. 103 CEDAR DRIVE, TURKEY POINT $1,599,000 6
&
STREET,
$95,000 0.15
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
Land deveLopment opportunity unique investment opportunity tHoroLd east HamiLton 7
Broker SRS ABR
Commercial Director 647. 295. 5501
Real Estate Investment Solutions
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
Sanjiv Puri
info@sanjivpuri.ca • sanjivpuri.ca
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 4. Dental Clinic existing or preconstruction in Peel/Halton Region 5. Physiotherapy Clinic with/without property WANTED FOR QUALIFIED BUYERS: 8
randi.segal@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 & PRE-PRESS COORDINATOR Hannah Yarkony
GRAPHIC DESIGNERS
Yvonne Poon, Mike Terentiev
All submissions from interested parties will be considered. Please submit to the editor at editorial@mediaclassified.ca
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 2024. 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. HOME OFFICE 610 Applewood Crescent, Suite 103, Vaughan ON L4K 0E3 T: 905.761.3313 press 5 Toll Free: 888.761.3313 press 5 F: 905.761.5038
TORONTO DURHAM YORK MISSISSAUGA BRAMPTON REGIONS Kitchener, Waterloo & Guelph ........10 Southwestern Ontario ....................18 Greater Toronto Area .....................20 Eastern Ontario ..............................22 NEXT ISSUE: June 29, 2024 ADVERTISING DEADLINE:
2024 contents 12 Reserve funds are your condo’s insurance policy 16 BDC study: Strong online presence drives growth 24
a great investment
June 19,
Pre-construction condos are
GROUP SALES MANAGER
Segal 1.866.536.2606
TO ADVERTISE
Randi
Chris Bosnich 1.866.532.2609 chris.bosnich@mediaclassified.ca
•
•
•
519.742.7000 www.coupalmarkou.com • Converted office building in prime Uptown Waterloo location • Reception and 6 private offices • $1,090,000 45 ALLEN STREET W, WATERLOO MLS SALE
5 dedicated parking spaces
Features 2 washrooms, multiple offices, and boardroom and kitchenette • $595,000 B12 - 490 DUTTON DRIVE, WATERLOO MLS SALE
Stand alone historic commercial building
Includes two outdoor patios
Potential for many other uses
$795,000 1193 QUEENS BUSH ROAD, WELLESLEY MLS SALE • Commercial/Residential redevelopment land
Sold “as is where is” • 1.575 acres • $4,995,000 63 COURTLAND AVENUE E, KITCHENER MLS SALE
•
•
•
•
•
•
•
Fully leased commercial/residential investment sale
High vehicle and pedestrian traffic
Municipal services
$6,200,000 29 KING STREET E, KITCHENER MLS SALE • Prime investment opportunity • Main floor approx. 1,800 sq ft leased to tenant • Close to many amenities • $1,309,000 21 KING STREET N, WATERLOO MLS SALE 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 CONNECT Christopher Coupal Broker of Record, Principal christopher@coupalmarkou.com 519-742-7000 x 101 John Markou Broker, Principal john@coupalmarkou.com 519-742-7000 x 102 UNDER CONTRACT UNDER CONTRACT • Great redevelopment opportunity • Rezoned C-3 with site provisions • Approx. 3.59 acres • Partially renovated and upgraded • $2,495,000 1795 & 1805 SAWMILL ROAD, CONESTOGO EXCL SALE • Pristine and ready to occupy • Newly renovated interior and exterior • High visibility corner location • $1,195,000 647 KING STREET W, KITCHENER MLS SALE • Prime North-Waterloo location • Main and second floor office condo • Mixture of many finishes in each unit • $489,900-$999,000 155 FROBISHER DRIVE, WATERLOO MLS SALE 10 COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities June 1–29, 2024 KITCHENER/WATERLOO GUELPH
•
UNDER CONTRACT
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 CONNECT 519.742.7000 www.coupalmarkou.com Christopher Coupal Broker of Record, Principal christopher@coupalmarkou.com 519-742-7000 x 101 John Markou Broker, Principal john@coupalmarkou.com 519-742-7000 x 102 • Service retail/office space at Clements Mill Crossing • Ample on-site parking • 773-1,045 sq ft • $21.95/sq ft net 800 FRANKLIN BOULEVARD, CAMBRIDGE MLS LEASE • Retail/Service commercial space
High vehicle and foot traffic
Down the street from gaslight district • 849 sqft • $21.95/sq ft net 111 – 7 GRAND AVENUE, CAMBRIDGE MLS LEASE • Located near Sports World off of Hwy 8 • Ample on-site parking • Highly visible signage • 7,465 sq ft • $20.00/sq ft net 4169 KING STREET E, KITCHENER MLS LEASE • Office space with excellent visibility • Utilities included in additional rent • Abundance of natural light • 1,241-1,889 sq ft • $16.95/sq ft net 55 ERB STREET E, WATERLOO LEASE MLS • Street front retail space • On many public transit routes • High traffic area with great street exposure • 1,295 sq ft • $2,950/month gross 16 WATER STREET S, CAMBRIDGE LEASE MLS • Plaza nestled nicely in the centre of student residences • On-site parking and excellent visibility • 1,318 sq ft • $28.00/sq ft net MLS LEASE 10 – 465 PHILLIP STREET, WATERLOO • Second floor office space ready for tenant build outs
Located in Downtown Kitchener • 5,649 sqft • $10.00/sq ft net 2-340 KINGS STREET W, KITCHENER MLS LEASE
Industrial space with many opportunities, located just outside Waterloo
3,170 – 11,721 sq ft
$10.25-$12.50/sq ft net 1535 SNYDER’S ROAD E, PETERSBURG MLS LEASE • Street level retail units in 6 storey apartment building • Free on-site parking • 1,000-1,800 sq ft • $20.95-$25.95/sq ft net 55 FRANKLIN STREET S, KITCHENER MLS LEASE
•
•
•
•
•
•
11 Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR June 1–29, 2024 KITCHENER/WATERLOO GUELPH
Owners have the right to review the reserve fund study by asking the corporation for a copy. When you purchase a unit, a copy of the most recent reserve fund study is included with the status certificate.
Reserve funds are
your condo’s insurance policy
BY JACQUELINE MONETA JD AND JAYSON SCHWARZ LLM
All condominiums are required to have a reserve fund under the Condominium Act. A reserve fund is a special account, separate from the condominium’s operating fund, and it is used to pay for major repairs and replacements to the condominium’s common elements. A portion of every common expense fee is deposited into the reserve fund monthly. The reserve fund is intended to act like an insurance policy, to ensure that the corporation has enough money to cover future repairs.
WHEN CAN YOU DIP INTO THE RESERVE FUND?
The reserve fund can only be used to pay for major renovations or repairs; this includes replacement and nonroutine repairs of common elements and assets of the condominium. If condos didn’t have reserve funds, or their reserve funds are depleted, they
would need to raise large amounts of money from the owners when major repairs are required. This lack of funds most frequently results in a special assessment.
THE RESERVE FUND STUDY
A reserve fund study determines how much money needs to be in
the fund to ensure the repairs will be covered in the future. The study is usually prepared by an engineer and includes both a physical assessment of the condominium and a financial plan during the first year of the condominium corporation, then every three years.
THE STUDY WILL COVER:
• All parts of the building that need repair or replacement (ex. windows, balconies)
• Estimates when the repairs and/or replacements are expected to occur
• Estimates of the cost of each expenditure in each year
• A recommended reserve fund contribution amount
• Recommended increases in reserve fund contributions for the following three fiscal years.
It is important to note that the reserve fund study is based on assumptions and educated guesses.
12 COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities June 1–29, 2024
These estimates may fall short in the following circumstances:
• Poor maintenance decisions can result in your condominium having to replace components earlier than expected
• Emergency repairs or replacements
• Postponed expenditures
THE OWNERS’ PERSPECTIVE
All previous and current owners have contributed to the reserve fund. That’s because every owner who received the benefits of common elements, including the lobby, hallways and elevator, shares the responsibility of the replacement costs. Long term, as an owner, your unit will fetch a higher asking price if your property is well-maintained and the reserve fund is healthy.
Owners have the right to review the reserve fund study by asking the corporation for a copy. When you purchase a unit, a copy of the most
recent reserve fund study is included with the status certificate.
As an owner, it’s important to be mindful that the reserve fund balance will fluctuate from year to year. In some years, the fund’s balance is high. After planned expenditures, the
fund’s balance may be depleted. It’s important to look at the situation holistically, ask about recent repairs and plans for upcoming projects at board meetings. Much like insurance, a healthy reserve fund is an invaluable tool in the condominium’s arsenal.
13 Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR June 1–29, 2024
CI ATTENTION BUILDERS 33 LOT SUBDIVISION ON THE KINCARDINE GOLF AND COUNTRY CLUB Selling fully serviced 50 ft. single family and 30 ft. – town home lots. Single family start at $269,700 Towns block of 6 for $900,000 KINCARDINE SUBDIVISION 46 Fully Serviced 49 Ft. Single Family Lots Starting at $158,799 56 Unserviced Town Lots $3,640,700 279 Apartment/Condo Lots in 3 Buildings $6,975,700 TEESWATER 8 Lots Partially Serviced Subdivision $799,70 519.389.7718 keith@battlingbattler.com Keith Battler BROKER SOLDSOLD SOLD SOLDSOLD SOLD SOLD SOLD SOLD SOLD SOLD
KITCHENER | RETAIL
4411 KING STREET E.
#3-815 WEBER ST. E. 1,175 SF | $2,700/Month
James Boudreau** x 3020 KITCHENER | RETAIL
KITCHENER | OFFICE
#1-26 MAIN STREET 1,600 SF | $18.00/SF
Lester Tobin* x 3023
KRUG STREET 690 –1,045 SF $16.00/SF
DRIVE 311-1,350 SF |FRM $12.00/SF 84-660 SF | From $325/Mth
James Boudreau** x 3020
Cindy Theoret* x 5020
Chad Ritzer* x 3033 KITCHENER | OFFICE
KITCHENER | IND.
#C-45 OTONABEE DRIVE
9,350 SF | $11.95/SF
Chad Ritzer* x 3033 901 PATTULLO
Each office is Independently Owned and Operated
7 DUKE STREET W. 819-1,226 SF|FRM $12.00/SF
James Boudreau** x 3020 KITCHENER | RETAIL KITCHENER | OFFICE WATERLOO | OFFICE 99 NORTHFIELD DR. E. 695-732 SF | $11.95/SF
James Boudreau** x 3020 KITCHENER | OFFICE
CAMBRIDGE | RETAIL CAMBRIDGE | OFFICE 34 WATER STREET N. 2,437-5,204 SF |FRM $12/SF
AYR
INDUSTRIAL
|
AVE 12,804 SF | $15.00/SF Eric Frey* x3118 115 EARL THOMPSON RD 9,000 SF | $13.75/SF Chad Ritzer* x 3033 96-100 HIGHLAND RD.W. 508 RIVERBEND
Boudreau** x 3020 WOODSTOCK | IND. #108-501 KRUG ST. 2,490 SF | $20.00/SF James Boudreau** x 3020 KITCHENER | RETAIL KITCHENER | IND. #1-2- 20 HOWARD PLACE 3,083 SF | $14.00/SF
Ritzer*
3033 #3B-355 ERB STREET W. 1,000 SF | $32.00/SF
Tobin*
WATERLOO | RETAIL 30 QUEEN STREET N. 4,059 SF | $11.00/SF James Boudreau** x 3020 KITCHENER | OFFICE KITCHENER | IND. #1-26 MAIN STREET 1,600 SF | $18.00/SF Lester Tobin* x 3023 CAMBRIDGE | RETAIL CAMBRIDGE 34 WATER 2,437-5,204 James Boudreau** KITCHENER 7 DUKE 819-1,226 James Boudreau** MLS® 40338977 KITCHENER | RETAIL MLS® 40338977 KITCHENER | OFFICE WATERLOO | OFFICE 99 NORTHFIELD DR. E. 695-732 SF | $11.95/SF Chad Ritzer* x 3033 KITCHENER | OFFICE KITCHENER | RETAIL 4411 KING STREET E. 875-3,361 SF | $32.00/SF Chad Ritzer* x 3033 #3-815 WEBER ST. E. 1,175 SF | $2,700/Month James Boudreau** x 3020 KITCHENER | RETAIL AYR #C-45 OTONABEE DRIVE 901 PATTULLO AVE 115 EARL 96-100 HIGHLAND RD.W. 508 RIVERBEND DRIVE 311-1,350 SF |FRM $12.00/SF 84-660 SF | From $325/Mth James Boudreau** x 3020 Cindy Theoret* x 5020 501 KRUG STREET 690 –1,045 SF $16.00/SF James Boudreau** x 3020 WOODSTOCK | IND. #1082,490 James Boudreau** KITCHENER KITCHENER | IND. #1-2- 20 HOWARD PLACE #3B-355 ERB STREET W. 1,000 SF | $32.00/SF Lester Tobin* x 3023 WATERLOO | RETAIL 30 QUEEN STREET N. 4,059 SF | $11.00/SF James Boudreau** x 3020 KITCHENER | OFFICE KITCHENER | IND. #1-26 MAIN STREET 1,600 SF | $18.00/SF Lester Tobin* x 3023 CAMBRIDGE | RETAIL CAMBRIDGE | OFFICE 34 WATER STREET N. 2,437-5,204 SF |FRM $12/SF James Boudreau** x 3020 KITCHENER | OFFICE 7 DUKE STREET W. 819-1,226 SF|FRM $12.00/SF James Boudreau** x 3020 MLS® 40338977 KITCHENER | RETAIL 40338977 | OFFICE WATERLOO | OFFICE 99 NORTHFIELD DR. E. 695-732 SF | $11.95/SF Chad Ritzer* x 3033 KITCHENER | OFFICE KITCHENER | RETAIL STREET E. $32.00/SF x 3033 #3-815 WEBER ST. E. 1,175 SF | $2,700/Month James Boudreau** x 3020 KITCHENER | RETAIL AYR | INDUSTRIAL #C-45 OTONABEE DRIVE 901 PATTULLO AVE 115 EARL THOMPSON RD HIGHLAND RD.W. 508 RIVERBEND DRIVE FRM $12.00/SF 84-660 SF | From $325/Mth Boudreau** x 3020 Cindy Theoret* x 5020 501 KRUG STREET 690 –1,045 SF $16.00/SF James Boudreau** x 3020 WOODSTOCK | IND. #108-501 KRUG ST. 2,490 SF | $20.00/SF James Boudreau** x 3020 KITCHENER | RETAIL KITCHENER | IND. HOWARD PLACE STREET W. $32.00/SF x 3023 WATERLOO | RETAIL 30 QUEEN STREET N. 4,059 SF | $11.00/SF James Boudreau** x 3020 14 COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities June 1–29, 2024 KITCHENER/WATERLOO GUELPH
501
James
Chad
x
Lester
x 3023
Each office is Independently Owned and Operated CAMBRIDGE COMMERCIAL BUILDING 11,679 SF | 0.21 AC. | $2,250,000 NEW LISKEARD FREESTANDING RETAIL WOOLWICH LAND & BUILDING 10,129 SF | 1 ACRE | $2,750,000 James Boudreau** x 3020 KITCHENER WOOLWICH REDEVELOPMENT SITE 2.11 Acres | $4,300,000 James Boudreau** x 3020 KITCHENER USER/INVESTMENT 3,900 SF | $1,975,000 Chad Ritzer* x 3033 2,403 SF | $900,000 James Boudreau** x 3020 DOWNTOWN RETAIL CONDO ALSO AVAILABLE FOR LEASE KITCHENER COMMERCIAL/RESIDENTIAL 2,611 SF | $1,650,000 Lester Tobin* x 3023 COMMERCIAL BUILDING 25,500 SF | 1.96 AC. |$9,990,000 Lester Tobin* x 3023 HEIDELBERG RESTAURANT TAVERN & MOTEL 7,826 SF | $2,300,000 Lester Tobin* x 3023 ERAMOSA COMMERCIAL LAND 7.32 Acres | $10,990,000 John Hoffman* x 3040/Eric Frey* KITCHENER KITCHENER COMMERCIAL/RETAIL 20,474 SF | $3,900,000 James Boudreau** x 3020 PARKING COMPOUND 1,689 AC. | 796 SF | $3,199,000 Peter Benninger** x 3000 KITCHENER CAMBRIDGE COMMERCIAL BUILDING 11,679 SF | 0.21 AC. | $2,250,000 James Boudreau** x 3020 NEW FREESTANDING 22,799 SF | 5.29 AC. Lester Tobin* WOOLWICH KITCHENER USER/INVESTMENT 3,900 SF | $1,975,000 Chad Ritzer* x 3033 2,403 SF | James Boudreau** DOWNTOWN RETAIL ALSO AVAILABLE KITCHENER COMMERCIAL/RESIDENTIAL 2,611 SF | $1,650,000 Lester Tobin* x 3023 COMMERCIAL BUILDING 25,500 SF | 1.96 AC. |$9,990,000 Lester Tobin* x 3023 HEIDELBERG RESTAURANT TAVERN & MOTEL 7,826 SF | $2,300,000 Lester Tobin* x 3023 ERAMOSA KITCHENER KITCHENER COMMERCIAL/RETAIL 20,474 SF | $3,900,000 James Boudreau** x 3020 PARKING COMPOUND 1,689 AC. | 796 SF Peter Benninger** CAMBRIDGE COMMERCIAL BUILDING AC. | $2,250,000 Boudreau** x 3020 NEW LISKEARD FREESTANDING RETAIL 22,799 SF | 5.29 AC. | $5,300,000 Lester Tobin* x 3023 WOOLWICH KITCHENER WOOLWICH KITCHENER USER/INVESTMENT $1,975,000 Ritzer* x 3033 2,403 SF | $900,000 James Boudreau** x 3020 DOWNTOWN RETAIL CONDO ALSO AVAILABLE FOR LEASE KITCHENER COMMERCIAL/RESIDENTIAL 2,611 SF | $1,650,000 Lester Tobin* x 3023 COMMERCIAL BUILDING 25,500 SF | 1.96 AC. |$9,990,000 Lester Tobin* x 3023 HEIDELBERG RESTAURANT TAVERN & MOTEL 7,826 SF | $2,300,000 Lester Tobin* x 3023 ERAMOSA KITCHENER KITCHENER COMMERCIAL/RETAIL $3,900,000 Boudreau** x 3020 PARKING COMPOUND 1,689 AC. | 796 SF | $3,199,000 Peter Benninger** x 3000 KITCHENER 15 Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR June 1–29, 2024 KITCHENER/WATERLOO GUELPH
BDC study: Strong online presence drives growth
Growing a business online results in higher revenues, direct communication with customers and easier access to global markets, according to a new study released in July by the Business Development Bank of Canada (BDC).
The study indicates that although being online fuels growth, only four out of 10 Canadian small and medium-sized enterprises (SMEs) with an online presence sell, receive and take orders online. Consequently, 60 per cent of Canadian SMEs are missing huge growth opportunities.
“Still too many Canadian entrepreneurs leave money on the table for grabs by Canadian and foreign online competitors.
Considering worldwide retail e-commerce sales are expected to double between 2018 and 2021, it is vital that Canadian business owners take their digital presence seriously,” says Pierre Cléroux, vice-president, Research and Chief Economist at BDC. “A strong online presence should be at the heart of
any business that wants to continue growing and remain competitive.”
The study is based on a survey of 1,485 Canadian businesses with an online presence and with national or international activities. Although most Canadians are buying online, close to half of all Canadian SMEs didn’t have a website in 2017, according to Statistics Canada.
Growing online: Worthwhile but challenging
The study finds that businesses building a market expansion strategy on top of an online strategy are more likely to enjoy higher revenues and profit growth. They are also close to three times more likely to export. However, SMEs face a variety of challenges when growing
their business online, such as data protection and security (32 per cent), lack of knowledge of Internet technologies (25 per cent) and the difficulty of hiring and retaining qualified talent (24 per cent).
Only 15 per cent of respondents identify the cost of setting up an online store as their top challenge. Businesses that expand online spent on average $37,458 on their website and $29,210 on their online marketing in the last three years. Larger businesses tend to spend seven times more than smaller businesses to optimize their online presence.
Planning is key
“The first step in expanding online into new markets is to get your online strategy right. Then, you can build your market expansion strategy on top of it,” says Philippe Desjardins, business advisor at BDC Advisory Services.
“As in many business opportunities, planning is the best way to achieve long-term, sustainable success and avoid common pitfalls.”
The study also identifies six online practices businesses can follow when expanding to new geographic markets:
1. Measure your business’ website performance
2. Improve your visibility with search engine optimization
3. Invest in search engine marketing
4. Continually tweak your website to meet customer expectations
5. Make your online expansion plan the core of your strategic plan
6. Personalize it with customization CI
Source: Business Development Bank of Canada. bdc.ca
16 COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities June 1–29, 2024
519- 885- 8810 info@4mcommercialgroup.com 385 Frederick Street, Unit 32 Kitchener, Ontario N2H 2P2 HomeLife Power Realty Inc., Brokerage* *Independently Owned and Operated Email us Today at info@4mcommercialgroup.com to receive our Exclusive Monthly Industry News Letter! DALIBOR RADULOVIC Sales Representative CHRIS MOSSEY Sales Representative TUNDE ABIODUN Broker ROB PIOMBINI Broker INVESTMENT OPPORTUNITIES 4.5% CMHC FINANCING AVAILABLE ON ALL OF OUR MULTI-FAMILY LISTINGS PLEASE CALL NOW FOR DETAILS!* COMING SOON! EXCLUSIVE LISTINGS: • 12-Unit Condo w/ 5000 sq ft of Commercial Space Downtown Kitchener $5.2M • We have a client looking for a medical commercial space to purchase 6000sf with space for 10 exam rooms in either Kitchener or Waterloo • Tri-Plex in Cambridge with potential severance to make separate Lot $1.0M • Development Parcel in Waterloo on King St N will be sold Site Plan Approved call for details. 51 BENTON STREET, KITCHENER $8.5M Cash flowing Medical Building with Potential for Redevelopment NEW LISTING 30 CHATHAM STREET BRANTFORD $5.6 M* 22 UNITS 2128 GHENT AVENUE, BURLINGTON - EXCLUSIVE $3,299,900* LEGAL 7-PLEX 41-43 ALBERT STREET HAMILTON $4.5 M* 13 UNITS 15 FLORAL CRESCENT KITCHENER $2.2M EXCLUSIVE 122 SIXTH AVENUE KITCHENER $2.7M EXCLUSIVE 586 VICTORIA STREET S KITCHENER $4.6 M* 11 UNITS Potential Condo Conversion already separately deeded Well maintained 11-1 bdrm 11- 2 bdrm Vacant 2-Bdrm & 1-Bdrm units currently being renovated by Seller 17 Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR June 1–29, 2024 KITCHENER/WATERLOO GUELPH
The Best Selection of Commercial, Industrial, Franchise and Business Opportunities FOR ADVERTISING INFORMATION CONTACT 1-888-761-3313 dIRect 416.509.3036 off ce: 905.773.8000 eMa l MatThelandFinder@gmail.com • Large and Small Apartment Buildings anywhere in Ontario • Have many CASH Buyers ready to invest NOW • Specializing in multi-residential sales for over 40 years • References supplied • Confidentiality guaranteed WANTED WANTED LARGE AND SMALL APARTMENT BUILDINGS WANTED CONTACT: WINSTON DAVIES, BROKER OF RECORD WINCORP REALTY INC. REAL ESTATE BROKERAGE GUELPH, ON tel: 519-836-2080 wjmdavies@rogers.com SOLD BY WINCORP REALTY INC. Global Brokers Internet Advertising 75% EXCLUSIVE Real Estate Opportunities ICIWorld.com iciworld.mobi All Mobile Devices Install The ICIWorld App 614412-4 8 75 NATIONAL REAL ESTATE INFORMATION LISTING SERVICE www.nreils.com Free to Search Everyone can search within 5 seconds MICHAEL SCHULER, Senior Vice President & Partner mschuler@cbci.ca | d 289 291 5067 | c 416 274 7467 Introducing “The Ridge” 14.29 Acres Ideally Situated Abutting The Urban Boundary & Over Looking The Trent/Severn Canal! As “”Infill”” 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. TrenT Hills 14.29 Acres wiTH excellenT roAd FronTAge MATTHew gArneT sales representative Re/Max West Realty Inc., BRokeRage. dIRect 416.509.3036 off ce: 905.773.8000 eMa l MatThelandFinder@gmail.com • Confidentiality guaranteed • Have many CASH Buyers ready to invest NOW • Specializing in multi-residential sales for over 40 years • References supplied WANTED WANTED LARGE AND SMALL APARTMENT BUILDINGS WANTED CONTACT: WINSTON DAVIES, BROKER OF RECORD WINCORP REALTY INC. REAL ESTATE BROKERAGE GUELPH, ON tel: 519-836-2080 eMaIl: wjmdavies@rogers.com SOLD BY WINCORP REALTY INC. Global Brokers Internet Advertising 75% EXCLUSIVE Real Estate Opportunities ICIWorld.com iciworld.mobi All Mobile Devices Install The ICIWorld App 614412-4 8 75 NATIONAL REAL ESTATE INFORMATION LISTING SERVICE www.nreils.com Free to Search Everyone can search within 5 seconds • 27,994 square feet. 5 drive-in doors & 1 truck level • 2.8 acres • M2 zoning. Permits a wide range of uses including motor vehicle repair and outside storage. 353-357 ARVIN AVENUE, STONEY CREEK CONTACT: MICHAEL BABBIE Sales Representative mbabbie@cbci.ca | d 289 725 5088 | c 647 272 5899 MICHAEL SCHULER, Senior Vice President & Partner mschuler@cbci.ca | d 289 291 5067 | c 416 274 7467 Full Coverage Area Including: London • Kitchener • Niagara Falls • Hamilton • Toronto • Ottawa September 31–October 30, 2019 Volume 19 Issue 1 Featuring: Commercial•Industrial•Franchise+Business Opportunities FREE WE HELP YOU
YOUR DREAMS Franchise and Business Opportunities 18 SOUTHWESTERN ONTARIO COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities June 1–29, 2024
GROW
19 Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR June 1–29, 2024 SOUTHWESTERN ONTARIO
I URGENTLY NEED MORE PROPERTY TO SELL IN ALL AREAS, BUYERS ARE WAITING. Call Bill Morrison to sell yours! FREE consultation call Bill 905-619-9500 Bill Morrison SALES REPRESENTATIVE Direct: 905-619-9500 Platinum Award Winner SELLING REAL ESTATE FOR OVER 35 YEARS Heritage Realty Inc., Brokerage Independently Owned and Operated Toronto line: 416 798 7278 Email: morrisonb@sutton.com Exceptional 2 storey commercial plaza on .54 acre. 100% leased. Steady and diversified rental income. Potential for redevelopment for 9 storey condo, Near Scarborough Bluffs. Asking $8,690,000 TORONTO Attention Investors! Two 6 plexes on ¾ acre lot site. Plan approval to contract additional 5 + 4 plex at rear of property. Possible VTB mortgage available. Asking $4,400,000. WHITBY Attention Investors! Solid legal triplex two 2 bedroom units completely renovated. New S/S appliances plus 1 bedroom unit. Close to HWY 401 + Bus route. Asking $1,099,999. OSHAWA Opportunity Knocking! Country Estate on 41 Acres with 7000 SQFT finished executive home. 6 Bedroom 6 Bathrooms. Open concept property zoned for golf driving range, mini golf, plus 2400 SQFT Pho shop/restaurant. Just needs to be developed. Live + operate your business here. Easy access to HWY 407/418. Asking $6,500,000.00 BOWMANVILLE I NEED APARTMENT BUILDINGS & PLAZAS ANYWHERE IN THE GTA. HAVE BUYERS! PLEASE CALL ME TODAY! FOR 44 TOWNHOMES ON 2 ACRES DOWNTOWN PICKERING BESIDE CITY CENTRE. CURRENTLY 4 RENTED BUNGALOWS, LAND ASSEMBLY. EXCLUSIVE LISTING ASKING $8,200,000 DEVELOPMENT SITE 20 GREATER TORONTO AREA June 1–29, 2024 COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities
• Are you
• Do you have a
• Do you want to be part of
• Do
• Do you
Commercial Real Estate Analysis and Training Exclusive offer for Real
Agents
Estate
Commercial Real Estate Deals?
missing out on
Commercial Client but not the know how?
Exclusive Mentoring
an
program?
Commercial Real Estate Training designed
you want to be a part of a
for Realtors?
want to have an opportunity to be part of a Commercial Real Estate TEAM? If you answer yes to any of the above; Then this is for you! 4 Modules of 16 lessons of Commercial Real estate content delivered weekly TESTIMONIALS FROM OUR LEARNERS Weekly individual training & Deal Management Support Opportunity to recover program cost through CREAT Inc. mentorship program Online Live Sessions 1 on 1 Mentoring Earn While You Learn www.creatinc.ca | 647.295.5501 CREAT has helped me build up the confidence and knowledge to tackle any type of commercial listing. CREAT is designed to unlock the doors to knowledge, growth and endless possibilities. This Commercial Real Estate course has been exceptional and transformative. Elaborate and Extensive Study preparing you for all your Future Challenges Paul Kaminski Kiran Randhawa Chukwuyere Uzoruo Broker Realtor Broker Realtor Abhinav Makol 21 Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR June 1–29, 2024 GREATER TORONTO AREA
John Shewchuk
Email: jshewchuk@royallepage.ca
Brian Shewchuk
SALES REP Cell: 905-404-5038
SALES REP
Cell: 289 688 8047 | Email: brianshewchuck@royallepage.ca
1
OFFICE: 905-623-3393
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
ROCK SOLID LONG TERM NET INCOMEA+ LOCATION & INVESTMENT
Great opportunity for ‘care-free’ & reliable investment in Bowmanville! 3500 SQFT Free standing veterinarian clinic on +3/4 acre improved lot. High traffic + visibility location on Highway #2, TONS of growth upcoming down the road. Long standing low maintenance tenant.
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
MONEY TREE! LARGE 4 ACRE PARCEL
Rare M2 general industrial zoning. Close to future GO Station + HWY 401, 418, and 407 & to Darlington Nuclear / OPG. Site is 100% improved w/ fence & gate. Clean ENV. Great for rental or redevelopment.
CALL FOR DETAILS
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
Royal LePage Frank Real Estate, Brokerage
22 COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities June 1–29, 2024 EASTERN ONTARIO
NIAGARA FALLS For Sale
INVESTMENT OPPORTUNITY
• office building for sale in Niagara Falls
• building is 19500 sq feet and has 2 long term tenants
• (Immigration Canada since 2011 & J D Barnes land surveyors since 2019)
• former car dealership building
• major renovations were done prior to onset of both leases
• property is just under 2 acres
• paved parking around entire building
• seller will hold mortgage at attractive rate for 5 years with an option to renew
RON JONCAS Broker
(905) 351-2424 – Cell • (905) 356-9600 – Office joncas@remaxniagara.ca
23 Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR EASTERN ONTARIO June 1–29, 2024
Pre-construction condos are a great investment
maintain and your unit will rent out very quickly, saving you time for what really matters in your life.
1. Leverage
The number one reason why so many real estate investors look to the pre-construction condo market is the ability to leverage their money over time. With just 15 to 20 per cent of your own money, you can buy 100 per cent of an appreciating asset, and you get to hold that asset for three to four years without making any payments on it.
2. Access to triple-A locations
Condo investing allows ordinary investors to get a piece of real estate in otherwise unattainable locations. And with many developers offering
flexible deposit structures, you can own in prime locations for a fraction of what it would cost to buy a commercial property, a house, or a small apartment complex in the same locations.
3. Low maintenance
New condos are perfect for the busy professional or self-employed business person because you can own multiple units with little to no month-to-month property management. Compared to buying a house or a commercial property, new condos offer the lowest maintenance with the highest rentability, which means there’s nothing to fix or
4. Rental demand
Since the end of the highrise apartment construction boom of the 1960s, there have been almost no purpose-built rental buildings in the city of Toronto. Yet our city keeps growing every year. The need for new rental units is now being filled in part with new condominiums, and tenants always want to live in the latest and greatest buildings. Buying pre-construction guarantees that you will own the newest apartment on the block when the building is complete and condo investors know that renting out a unit in a brandnew building can be a very lucrative experience. CI
24 COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities June 1–29, 2024 FOR ADVERTISING INFORMATION CONTACT: 1.888.761.3313 info@thecommercialinvestor.ca | thecommercialinvestor.ca GET ACCESS TO A HIGHLY TARGETED NETWORK AND INCREASE THE VISIBILITY OF YOUR BRAND. PREMIERE DISTRIBUTION NETWORK
Pre-construction condos can be a highly lucrative investment with minimal effort. Here’s why.
Premium
(6%
and with the
to the
offers sustainability moving into the future. For more information visit, www.theeastside.ca
$2,499,900
ROY A. BOYES REAL ESTATE 519-397-0928 boyesre@gmail.com 47 PADS, SEPTIC, WELL, ASK 2.6M 40 RMS, GROSS OVER 1.1M, ASK 4.1M LEON’S PLUS WAREHOUSE, 8 CAP FLORIDA, MYRTLE BEACH, 10 CAPS 1.6 ACRES, APPROVED SITE PLAN ASKING 10M SOLD 2.5 ACRES, ASKING 1.7M POWER OF SALE, WASH, LUBE, ASK 3.5M 300 SITES, ASK 10M SUPER 18, LG. CLUBHOUSE, ASK 2.5M SALES OVER 3M, ASK 12M 4 ACRES, SERVICES, ASK 500K 21 ACRES, SERVICES, 109 LOTS, ASK 4.9M SINGLE TENANT, ASK 8M, 6 CAP 2.6 ACRES, HOTEL, PLAZA, ASK 3M MOBILE HOME PARK RETIREMENT HOME PLAZA U.S.A. HOTELS HOTEL LAND GOLF 27 HOTEL LAND GAS STATION CAMP GROUND GOLF NORTH GOLF 27 RESIDENTIAL LAND RESIDENTIAL LAND SHOPPERS DRUG KINGSTON LAND Paul McDonald Sales Representative Real Estate Homeward, Brokerage www.theeastside.ca | 416-432-1045
investment
coveted
space
density
opportunity
cap rate) in the
Leslieville neighbourhood. This 3 Storey Commercial/residential property is comprised of 1 retail
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
increased
coming
neighbourhood,
25
JOIN THE LARGEST AND FASTEST GROWING COMMERCIAL BRAND IN CANADA* Maximize your Potential with Royal LePage Commercial Benefits of Joining • Access to best-in-class technology, • Business tools and marketing support; • Comprehensive commercial market data; • Coast-to-coast networking and referral opportunities;
Training that enhances your skills and expands your sales pipeline
Client freedom to practice across multiple industry sectors and markets Contact Us Today! Visit Our Website Damon Conrad National Director, Commerical joinrlpcommercial.com 647-295-5833 damonconrad@royallepagecommercial.com *Count of licensed sales representative at competitor brands gathered from end of Q4 2021 records from the Canadian Real Estate Association 26
•
•
SkyViews Your Price for ‘Upside’
SkyViews Your Price for ‘Upside’
Finding Value in the Grey Areas
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.
27
AUTOBODY SUPPLY BUSINESS WITH PROPERTY FOR SALE $3,800,000 Matia Kim Broker 647-216-3600 matiakim0808@gmail.com • Location: Steeles / Weston (Vaughan Ontario Canada) • 3,619 Sqf Automotive Business Short Biz Hours (8:30-5:30 Pm, Sat 9-2 Pm). Net Income Approx. $39,500 monthly https://youtu.be/IZyoRwMNjbg • Weekly Sale: Approx. $10,000 Lotto Com.: $3,000/M • ATM: $7,500 / Yr. • 1.5 Hrs from Toronto Busy Traffic Area • 4,800 Sq Ft (Retail : 2,600 Sq Ft 4 Bed Apartment 2,200 Sq Ft) HOMELIFE FRONTIER REALTY INC., BROKERAGE Independently Owned and Operated Convenience With Property FOR SALE $569,000 Elora St / Arthur St (Minto) 28
MOTA DECOR Design, build and install sculptures on walls or columns at residential or commercial BE UNIQUE 001 437 244 1462 0046768551242 morteza.nooshin@gmail.com nooshin@motadesign.ca @Mota Design View Our Magazines On any DigiTaL DeViCe anytime, anywhere! Published by: TheCOMMerCiaLinVesTOr.Ca Now you can view all Commercial Investor magazines online using any smartphone, tablet or desktop device. Asking $425,000 or $1,295,000 • Licenced for 95 plus a great patio • Small town with big town sales • Main action in town • Across from the local Golf course EXECUTIVE SHORELINE RESIDENTIAL BUILDING LOTS Asking $649,000 to $999,000 • Build your dream home here! • New Executive lots on a cul-de-sac • Backing on to Lake Huron • Between Grand Bend and Bay eld • Just under -1 acre serviced lots ggicopoulos@gmail.com Cell 519-852-4458 seangic@gmail.com Cell 519-852-4426 George Gicopoulos Sean Gicopoulos Sales Representative Business-Commercial Sales and Leasing Sales Representative Investments And Residential WE MADE THE SWITCH TO EXP., MAYBE YOU SHOULD TOO! COMMERCIAL CANADA INC The Agent-Owned Cloud Brokerage 176 MOSELY ST WASAGA BEACH Asking $745,000 • Corner location of over 9,000 sq ft • B(1)H Zoning permits up to 6 stories • Near new massive hotel development • Ideal for short and long term rentals CORNER OF HWY #3 & # 4 FULLY EQUIPPED RESTAURANT • Fully equipped over 6,600 sq ft restaurant • Buy or lease fully equipped restaurant • Corner of HWY # 3&4 .65 of an acre • Additional 3 acres available for 3.65 acres BAR & GRILLE BUSINESS ONLY OR WITH PROPERTY TEA LOUNGE OF LONDON Asking $89,000 • Best Tea shoppe in S/W Ontario (Tourism On) • Located in the core but yet in a quiet area • Owner will train and support Buyer • Seating for 20 inside plus front porch & lawn WELL ESTABLISHED NEIGHBOURHOOD PUB Asking $599,000 • Good Lease with renewal options • Located in London ON • Good sales in the $1.2 mil range • A good mix of food and liq sales 896 MOSLEY ST WASAGA BEACH • Great Development site • Re-Zoning initiated for 7 Townhouse units • Corner location with over 14,000 sq ft • Close to Beach #3 JOHNNY GREEKOS FRANCHISES • Great new QSR Franchises available • Sizes 1,200 to 1,800 sq ft • Offering Greek menu at its best • Training and ongoing support provided From $250,000 to $400,000 Asking $695,000 For Sale or Lease 5TH STREET NORTH MOSLEY STREET 75.00' 74.98' TOTAL BUILDING AREA FOR GF, SECOND FLOOR AND THIRD FLOOR: +/- 17,000 SQ.FT. 5TH STREET NORTH MOSLEY STREET 75.00' 74.98' 176 MOSLEY STREET WASAGA BEACH OPTION C: 14 PARKING SPACES 29
bellrosejanitorialservices.com 416-389-7805 info@bellroseinc.com 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 Residential and Office Maid Services And more BELLROSE IS FULLY INSURED AND BONDED WITH 24/7 SUPERINTENDENT AND JANITORIAL RELIEF SERVICES. COMMERCIAL, RESIDENTIAL AND PROPERTY MAINTENANCE SERVICES 30
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.
FORREST KENDLBACHER 416-921-1112
REAL ESTATE SERVICES LTD., BROKERAGE SOLD
31
SOLD
AVAILABLE
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.
ABCDEFGHIJKLMNOPQRSTUVWXYZ abcdefghijklmnopqrstuvwxyz
M47, Y100, K12 RGB: R162, G122, B44 HEX: #A27A2C
C27, M35, Y85, K2 RGB: R187, G155, B72 HEX: #BB9B48 CMYK: C13,M17,Y64,K0 RGB: R224,G201,B120 HEX: #E0C978 CMYK: C27, M35, Y85, K2 RGB: R187, G155, B72 HEX: #BB9B48 Gold Flat CMYK: C60 M40 Y40 100 RGB: R0 G0 B0 HEX: #000000 Rich Black Gold Gradient - Light Gold Gradient - Medium
preserved. The safe-area prevents over crowding and provides the brandmark with enough room
CMYK: C33,
CMYK:
Lucas Colalillo Salesperson 289-880-2069