DEVELOPERS / BUILDERS DON’T MISS THIS OPPORTUNITY IN NEW HAMBURG, ON
75 +/- ACRE DRAFT PLAN AND ZONING APPROVED LAND NEW HAMBURG, ONTARIO
Gatestone Capital Advisors Corp./CMA Realty Ltd. (Gatestone/ CMA) have been retained as the exclusive advisors to the owner for the proposed sale of a 75 acre +/- parcel of Draft Plan and Zoning approved residential lands in New Hamburg, Ontario.
This is an opportunity to acquire a formidable inventory of Draft Plan and Zoning approved land, minutes from Hwys 8 and 401 in New Hamburg, a charming community just west of Kitchener – one of the most desirable locations in Waterloo Region.
LOCATION: Waterloo Street, New Hamburg, Ontario
LOTS/BLOCKS:
Mix of entry level lots and blocks for street-fronting towns, stacked townhouses and small single-family lots
YIELD:
Approximately 13,500 ft of saleable frontage and 250 stacked townhouse units in various blocks
BID PROCESS
• NDA forms available after September 2, 2024
• Access to data room September 2, 2024
• 90-day due diligence process
• Bids due November 29, 2024
• Seller Offer Selection December 16, 2024
• On or before Closing February 28, 2025
NOTICE:
CONTACT:
To obtain an NDA and access to data room please contact any of the following persons: Broker of Record
Neil Koebel 519-741-6594 neil@cmarealty.ca
Paul Grespan 226-972-8910 pgrespan@gatestonedev.com
Expressway. High traffic 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.
Summa
on our expertise and commitment to service. That affords you the ability to spend your valuable time pursuing you 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, taking calls, host showings, processing applications, completing necessary references, background and credit checks, preparing the lease and receiving the rent payments.
Our fees for these services are based on 75% of one month’s rent plus HST. Base fee for the property management is $150/Month plus HST.
1289 HIGHWAY 54, CALEDONIA
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 non-GMO soybeans. Precision cleaning capacity 8MT/hr - treating capacity 20MT/hr. 28ac of tiled workable land, natural gas & 400 amp hydro w/phase converter.
$2,900,000 Incredible Investment Opportunity - sit. on 0.44ac prime corner lot enjoying unobstructed westerly views of Grand River. Incs 5226sf
29-31 MAIN ST, HAGERSVILLE
sewers. Property can ONLY BE PURCHASED
Ouse St. (TOTAL list price of 3
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
• 113,425 sf on 4.802 acres
• 22,000 sf under construction for a new tenant
• Fully leased 13,425 sf medical building
• Approved Phase II Development upside Development
Service station for sale in Fergus
• 1,178 sf on 0.304 acres
• At controlled intersection
sf freestanding retail building for sale in London
• 5,000 sf of warehouse with truck level loading
- Over 160 feet of frontage on Dundas Street
- Visible to 24,000+ vehicles per day
- Ample onsite parking
Services, LP, Brokerage
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
• Are you missing out on Commercial
• Do you have a Commercial Client but not the know how?
• Do you want to be part of an Exclusive Mentoring program?
• Do you want to be a part of a Commercial Real Estate Training designed for Realtors?
• Do you
November 6, 2024
Chris Bosnich 1.866.532.2609 chris.bosnich@mediaclassified.ca
PRESIDENT & PUBLISHER Leo Racioppo leo@mediaclassified.ca
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 GROUP SALES MANAGER Randi Segal 1.866.536.2606 randi.segal@mediaclassified.ca TO ADVERTISE
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
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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.
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KITCHENER | RETAIL
4411 KING STREET E. 875-1,239 SF | $32.00/SF
Chad Ritzer* x 3033
KITCHENER | OFFICE
#8-825 WEBER ST. E. 693 SF | $1,900/Month
James Boudreau** x 3020
#201-260 KING ST. W. 7,110 SF | $14.50/SF
#LC1- 508 RIVERBEND DR. 7,031 SF | $1.00/SF
Peter Benninger** x3000 KITCHENER | IND
James Boudreau** x 3020
#A1-650 RIVERBEND DR. 1,625 SF | $18.00/SF
Lester Tobin* x 3023
#203-501 STREET E. 714 SF | $16.00/SF
5-20 HOWARD PLACE
1,362 SF | $11.95/SF
Chad Ritzer* x 3033
KITCHENER | OFFICE
#101-146 MANITOU DR. 809 SF | $22.00/SF
Lester Tobin* x 3023
KITCHENER | RETAIL WATERLOO | OFFICE 99 NORTHFIELD DR. E. 732 SF | $11.95/SF
| IND
#14-55 SHOEMAKER ST. 4,800 SF | $13.95/SF
Chad Ritzer x 3033 KITCHENER | OFFICE
WATERLOO | OFFICE
Eric Frey* x 3118 WOODSTOCK | IND.
James Boudreau** x 3020
Chad Ritzer* x 3033
901 PATTULLO AVE 12,804 SF | $15.00/SF
SF | $10/SF Lester Tobin* x3023 14 ERB STREET W. 500-2,500 SF | FRM $1,688/Mo
Eric Frey* x3118
Each office is Independently Owned and Operated
Protect your business from directory fraud
Companies big and small are vulnerable to all kinds of fraud – identity theft, internal fraud and business directory and supply scams. This is not just an online problem; it can also happen over the phone and in person. Below is an example of a popular directory scam.
Your company receives a call, an email, or a fax to confirm its address and contact information. You are extremely busy in your small, growing business, so you confirm the information and move on to the next pressing issue. A few weeks later you receive an
invoice for online advertising for several hundred dollars from an unfamiliar company. When you call their customer service you are told they have a recording of you agreeing to the services and if you don’t pay, they will send your file to a collection
agency. You don’t have time for this, so you pay the invoice and get back to work. After all, online advertising can’t be bad for your business!
This is how it’s done: You’ve been scammed. Chances are your company’s name will get buried in a listing that no one will see, because it’s not even accessible via regular search methods. That’s their definition of advertising.
Directory scams are very common; they target businesses across Canada and around the world. Fraudsters use misleading tactics to pressure businesses to pay for directory listings of little or no value.
In some cases, they lead businesses to believe that a contract is already in place during the initial communication. They make it look official by already having the company’s contact information on hand when they’ve simply obtained that information online, or through existing directories. These scam artists may also record your voice while you confirm your business information, which can be edited to suit their fraudulent purposes.
This type of scam happens quickly, and the financial consequences are harmful to thousands of small businesses in Canada every year.
Use these tips to help avoid falling victim to fraudsters:
• Educate yourself, your employees and your co-workers to be
cautious of unsolicited calls and emails.
• Create a list of companies that are typically used by your business.
• Limit the number of staff who can approve purchases and pay bills.
• Clearly define procedures for verification, payment and management of accounts and invoices.
• Examine invoices carefully before making any payments: Fraudsters will use company names or logos similar to those of known businesses to make their invoices seem real.
• Ask questions and read all documents very carefully before confirming your business information, whether it’s over the phone or by signing a document,
to ensure that you will not be unknowingly charged. CI
If you’ve been the victim of a directory scam or if you have information about this type of scam, report it to the Competition Bureau (1.800.348.5358) or the Canadian Anti-Fraud Centre (1.888.495.8501).
Scam artists may also record your voice while you confirm your business information, which can be edited to suit their fraudulent purposes.
This is your chance to
This Development Project is situated on a .908 Acre Site located on King Street North & Regina Street North, Waterloo. Intended Development: twenty (20) storey residential apartment building, with underground and structured parking. A total of 223 units (261 beds) are proposed, together with 193 vehicular parking spaces and 165 bicycle parking spaces.
Should you buy or lease your commercial space?
One
of the trickier decisions many entrepreneurs face is choosing between buying or leasing their place of business.
THERE ARE ADVANTAGES and disadvantages to both options, and the decision requires lots of analysis and planning. Here are some things to consider with each option. Weigh them effectively to help make the best decision for the best business advantage.
When should you buy?
• If location is important to you
A great location is hard to find. If you can find one that helps you grow sales through foot traffic and ease of transportation, reduces costs through proximity to key suppliers, and/or attracts and retains
employees, you may want to secure that space by purchasing it.
• If you want to build your personal wealth Commercial real estate has been a great investment for many entrepreneurs in recent years. While there are no guarantees, owning can build wealth separate from your operating company.
• If your current leasehold improvements are getting costly If you’re investing heavily in a building to run your business, it often makes sense to buy a property. If, however,
the time isn’t yet right to buy, you may want to consider leasehold improvement loans to tide you over.
• If you want to be free of landlord woes If running every aspect of your business without potential limits, restrictions and rent increases is important to you, then you might want to buy a commercial space.
• If you need to free up working capital A well-financed property purchase can free up working capital by reducing your monthly outlay for rent. The difference can be used to build your business. “It’s about balancing growth with cash flow,” says Jean-Philippe Ménard, vice-president, North Shore at BDC. “We often finance those kinds of purchases because we want to make sure our clients will have enough working capital to grow.”
However...
If you decide to buy commercial real estate, be sure to pay close attention to the following:
• Rising interest rates Low interest rates have encouraged many entrepreneurs to buy in recent years, and they have enjoyed considerable market appreciation. However, “there’s a wake-up call coming” for some entrepreneurs in the form of rising interest rates, says Ménard, who works in BDC’s office in Laval, Quebec. He notes that many younger businesspeople have never experienced the rising costs that come with higher rates.
• Cash flow and stability Before you buy, make sure your company will have the resources to support this commitment in the years to come. Buying a building is a long-term investment.
• Protection and due diligence Be sure to protect yourself from problems that can come with ownership, such as hidden building defects or environmental contamination. Get a building condition inspection (BCA) and
an environmental assessment (ESA), or hire a qualified environmental consulting firm to assess the property before you purchase. Before buying, it’s equally important to get a lawyer to perform thorough due diligence on such issues as land title, zoning, outstanding taxes, liens, easements and other potential problems with the property.
• When should you lease? Here’s where it may make more sense to rent a space for your business.
• If you don’t have enough working capital Start-ups are often unable to commit a lot of capital to a building, so they will most likely opt to lease. Even if you have an established business, it may not be generating enough cash at this stage to allow you to fund both your growth and your commercial property acquisition.
• If your business needs are unstable If your company is growing rapidly or downsizing, or you’re just not sure what’s going to happen, you might be better off renting until the situation stabilizes.
• You don’t want the hassle of owning Owning a property comes with additional responsibility and potential problems. You may prefer to rent and focus on your business for the time being.
However...
If you decide to lease, be sure to pay close attention to the following:
• Option to renew While some entrepreneurs may not want to make a long-term commitment to a location, Ménard cautions that flexibility can work both ways. A landlord can refuse to renew a lease once it expires. That forces your business to relocate, with all the costs associated with doing so.
• Renovations and improvements Be sure to find out about restrictions that could limit your ability to expand or use the space in different ways. Specifically, find out whether there are any limitations on making
A well-financed property purchase can free up working capital by reducing your monthly outlay for rent.
changes to your space. Do you have to return the property to its original condition when you leave? Do added equipment and fixtures remain your property, or do they become the property of the owner?
• Parking Are there enough parking spaces for all tenants and their visitors? Are you guaranteed spaces?
• Signage What are your rights when it comes to signage?
• Landlord responsibilities It’s important to understand what your landlord does and doesn’t pay for before committing to a commercial lease. Specifically, pay close attention to the following:
• Common area maintenance Who is responsible for cleaning, repairs and other costs associated with common areas, such as washrooms, entrances, general reception areas and the parking lot? Who pays for snow removal, grass cutting and/or landscaping?
• Operating expenses Who pays for property taxes, insurance, utilities, security, and the repair or replacement of equipment such as heating, ventilation and air conditioning units?
Final thoughts
In the end, whether you decide to buy or lease a commercial space, remember the following:
• You’re not alone As part of your trusted team of real estate advisors, a lawyer specializing in commercial real estate should review your contract carefully with you to avoid any unpleasant surprises. CI
BUILD-TO-SUIT INDUSTRIAL BUILDING FOR SALE OR LEASE IN QUINTE WEST
• The Trenton Logistics Center will be a new, ”build-to-suit”” opportunity for industries looking to relocate or grow in the hub of Eastern Ontario
• The total site size is approximately 10.5 acres
• Site is approved and shovel ready for a preengineered 141,200 sqft building footprint
• Being only 6 minutes from the Glen Miller Road exit, this site has quick and easy access to the 401
• This site provides efficient access to vital transportation routes from Toronto, Ottawa, Montreal, and major markets in the United States
• The Developer is prepared to work with a Buyer regarding their specific building needs
• Final sale price will be subject to Buyers final building specifications
• Estimated lead time for occupancy is approximately Q3 of 2025.
Lease - $12/psf
MLS# X8174740 // X8174728
VINEYARD FOR SALE IN PRINCE EDWARD COUNTY
• Located in Wellington, Prince Edward County
• This 17-acre vineyard supplies grapes to a local winery
• Features 146 rows of 8 ft highdensity vines
• Grape types includ 6.58ac Pinot Noir, 3.52ac Chardonnay, 2.88ac Pinot Gris, and 1ac Melon de Bourgogne
• Planted in Hillier clay loam soil
• Zoned RU-1
• Potential uses include bed-andbreakfast, or designing your own single detached dwelling
• Located on the Millennium Trail in PEC
X8397154
• Opportunity is knocking!
• This 1/2 acre corner lot
• 9,313 sq ft Victorian style building
• Located in Stirling, Ontario
• Possible rezoning for residential multi-residential building, retirement community, or a nursing home with potential to expand for more beds
• With rezoning, a new owner could open a dental office, medical centre, or professional office spaces
• Notable features such as the electrical fireplace, fire alarms, security system, sound system, service lift, solid concrete floors, open areas for possible meetings or larger service gatherings, and large parking area
• Renovations include: all new electrical, plumbing, drywall, and insulation
• New 3-ton HVAC system (2021), new rubber membrane roof, new shingles, and new furnace (2021) were also installed
X9017512
PROFESSIONAL OFFICE SPACE FOR LEASE IN DOWNTOWN TRENTON
• 1200 sqft of professional type office space in Downtown Trenton!
• 3 large office spaces with a reception area and an additional training room/open area that is equipped with a kitchenette
• Previously used as a massage, reflexology, and yoga studio
• Rear access to Market Square
• Asking Rent includes realty taxes and building insurance
• Tenant to pay their own separately metered utilities
$2,000 /mth
MLS# X7381502
• Located in Downtown Belleville
• Multi-use building
• 3 commercial spaces
• 11 residential units with 8 bachelors, 1 two-bedroom, and 2 one-bedroom units
• 2 finished and occupied commercial spaces
• One 2161 sqft open concept unit ready to be completed tenants or owners specifications
• All apartment units are recently renovated and upgraded, showcasing contemporary amenities with the building’s unique architectural charm
• Recent upgrades include a total rebuild with structural upgrades, a new lower roof, security enhancements, and more
• Easy access to shops, restaurants, and public transportation
• 35.5 acres of vacant land Prince Edward County (Demorestville)
• 660 feet of frontage on both Black Road and County Road 14
• Zoned RU-2
• This property allows a range of uses, from single detached dwellings and home businesses to private home daycares
• Non-residential options include agriculture, farming, or conservation area
• Existing use is Q-Logic Water Solutions operational yard and maintenance building, which includes Trailer Park Model Home on site
• Business and equipment are not included in price but are also available for sale
26 UNIT APARTMENT BUILDING FOR SALE IN QUINTE WEST
• Discover a lucrative investment with this well-maintained 26-unit apartment building
• Located in the heart of downtown Quinte West
• Just steps from the scenic Trent Port Marina and Metro
• The building features a diverse mix of units, including one bachelor unit, 13 one-bedroom units, and 12 two-bedroom units
• The main level units were 100% new construction in 2021
• Also listed with the Seller is 17468 Highway 2 Quinte West - a single tenant commercial building for sale for $2,200,000. Seller will consider bundling these 2 properties together. Please see MLS# X9285274.
$6,300,000
• 5,591 sqft commercial building located in in Quinte West
• The entire building/site is currently leased long term to a commercial Tenant on a 100% carefree basis to the Landlord
• The building was built new for in 2018 to superior standards and quality
• Don’t miss out on this exceptional investment opportunity!
• Also listed with the Seller is 5 Creswell Drive, Quinte West - a 26 unit apartment building for $6,300,000. Seller will consider bundling these 2 properties together. Please see MLS# X9285294.
MLS# X9285274 MLS#
GARDEN CENTRE FOR SALE IN QUINTE WEST
• A great investment opportunity awaits with this commercial property
• Currently home to Hollandale Landscaping and Garden Centre
• Situated on a 5.39-acre lot with 580 feet of frontage
• Business has been thriving for over 70 years
• Hollandale’s legacy as a trusted garden center and landscaping service is well-established, making this an ideal investment for those looking to step into a prosperous business or repurpose the land for other commercial ventures
• Asking price includes the land and buildings only, with the equipment and inventory negotiable
• The property features a 1,500 sqft retail storefront
• The retails space then opens up into five greenhouses totaling 8,800 sqft
• There is a 1,000 sqft dry shed with three bay doors
$1,498,000
• With two parcels of land, Burnbrae Road is boasting in potential
• This Ready Mix Site is zoned Extractive Industrial (M2) which is the best possible zoning for the permitted uses of Open Storage, Sand and Gravel Pit, Portable Processing Plant, Public Use, Quarry, Waysite Pit, or Sand Gravel and Rock Stock Pilling Operation
• Parcel A offering 11.26 Acres and Parcel B offering 14.37 Acres, there is ample opportunity at this property while still relatively close to town
• Zoned and licensed for concrete batching with an active license in place for ready mix association
• There is recycled water onsite, aggregate withheld in the retaining wall, along with a holding tank at the office, septic at the concrete plant, one dug well by the washplant hydro poles that draws to the office and washplant, and one drilled well by the concrete plant as well
• Buildings onsite include a new office, an older shop, and two other shops
MLS# X9160533
• Discover the location for your next business venture in the heart of Wellington, Prince Edward County
• Approx. 2-acres of commercial vacant land
• Zoned CH-12 (Highway Commercial) this property permits the development of a commercial plaza up to 14,000 sqft, with uses permitting a convenience store, restaurant, or medical clinic
• The property is situated in a high-traffic area with excellent road access and prime visibility, ensuring maximum exposure and convenience for customers and clients
• This is an excellent opportunity to secure a prime commercial site in one of Ontario’s most desirable locations
FUTURE GO STATION INVESTMENT • CLARINGTON COURTICE
Clear + clean, flat 100% useable gravel yard with 530 feet frontage. 2 entrances, fully fenced. Presently zoned fro outside storage + with tenant income, large upside $$$ potential. 4 acres total - municipal services - next to high density designation for GO station. Close to 401-418-407 and Clarington Energy Park Development. CHOICE INVESTMENT @ 4MILLION
INDUSTRIAL
BUILDING – 16,000 SF – CLARINGTON
Prime 401 exposure. 30’ ceiling, truck level shipping, excellent 401 access. Sprinklers. Available Jan 2025.
CALL FOR PRICING & INCENTIVES
6,000 TO 15,000 SQFT INDUSTRIAL W/ DRIVE IN DOORBOWMANVILLE
Industrial space with large drive in loading door in Bowmanville. Can be divided! Flexible M2 zoning, newly finished office & mezzanine + 16ft clear height. Ideal for manufacturing, potential for automotive, warehousing, workshop and more. Great access to HWY 401 nearby, and low rental rates. $12.00 PSF NET + $5.00 TMI
MAJOR HIGHWAY - RESTAURANT - BUILDING LAND + BUSINESS
Long established family restaurant (20 years) one acre commercial site, large parking and frontage, fully licensed, 70 people seating plus, outdoor patio. Excellent upside to increase $$$ owners retiring!! With hold first mortgage for qualified buyers. CALL FOR DETAILS $1,595,000 ASKING
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 second level available. Up to 10000 SQFT for lease! Ideal for professionals.
CALL FOR DETAILS
FOR LEASE ONLY: CLARINGTON BOWMANVILLE
Wanted!! Discount Stores, Furniture, Surplus Goods, Entertainment Sporting Goods Retail, Food Market, Fitness + Martial Arts, Commercial, Industrial Services. Up to 12,000 sqft available. Huge parking + highway 2 exposure, close to major anchor stores. DROP DEAP DEAL AND LEASE RATE AVAILABLE. PRINCIPALS ONLY PLEASE 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
First steps to starting a small business
BY GEORGE GRIGNANO AND WILL TOWNSEND
The right attributes, a good idea, a plan to make it work and a way to finance your business are all ingredients in the recipe for success. Here are some considerations:
The familiar characteristics of a successful entrepreneur include:
Optimism – Entrepreneurs focus on solutions, not problems.
Passion – The quality that fuels their business and their personal lives.
Persistence – Entrepreneurs keep going in times of adversity and stay focused on the end goal.
Flexibility – The ability to adapt to a changing environment.
Education – Not formal education but a desire to learn and a drive to improve.
Focus – Entrepreneurs focus on the big vision and recognize that short-term wins, although important, must add to long-term success.
Generating a business idea
The next step is to identify a gap in the market that your product or service will exploit. This is easier said than done and can be the toughest part of setting up your own business. To do this, ask yourself these questions: What services or products are missing from the market? Could you invent a new product? What do you dislike about existing products and services? Could you improve them?
Using your own life experiences to inspire your ideas can help you spot business opportunities. This will also make you passionate about your product as you will be able to see and sell the benefits. Remember, passion is one of the key characteristics of a successful entrepreneur.
Turning your idea into a strategic plan
Studies show that a significant amount of new businesses with no business plan fail within the first two years. Your business plan reflects how you see your business developing and maps out how you intend to drive your business forward. It should set out your product, your intended market, and your key financial targets such as projected sales and profits.
Financing
Your plan should also show the seed capital you need to start up and your day-to-day working capital requirement. It is vital that your assumptions and estimates are accurate and reasonable. Do this and you will be able to foresee any problems and resolve them before they happen. A robust business plan allows you and potential investors to see how your business may perform in the future.
Here are some ways for you to finance your business:
– Investigate any government support such as grants or loans.
– Borrow money from a bank or other lender.
– Ask for help from friends or family.
– Look at equity financing, where you raise money from external investors in return for a share of your business. These investors will usually be venture capital firms or business angels.
– Consider bootstrapping, a way of starting a business without external finance. This method is more strategic and focuses on creating cash flow, minimizing expenses and reinvesting profits.
Structuring
How you structure your business will depend on what it is, how you finance it, and your long-term business goals. It will likely be a sole proprietor, partnership, franchise or corporation.
Before deciding on the structure, answer these questions:
~ Is it important that you limit your personal liability?
~ Does your business need to meet any regulatory requirements that may have a bearing on your business structure?
~ How important are ease and set-up costs? One structure may be easier, quicker and cheaper than another.
~ Do you have an exit plan? If so, consider how the structure choices impact on your plan.
The tax and accounting requirements you have to meet will depend on where you operate. Also depending on where you operate, there may be government tax incentives, so be sure to investigate this. Wherever you are and whatever your business, choosing how to structure your business is an important decision. It is worth seeking professional tax and accounting advice to help you make the right choice.
Becoming a successful entrepreneur isn’t easy. If you have the right entrepreneurial characteristics, the right idea and structure your business the right way, you’ll stand a good chance of succeeding. CI
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
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.
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