Commercial Investor – Ontario – October 21, 2023 by Media Classified

Featuring: Commercial•Industrial•Franchise+Business Opportunities

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October 21–November 18, 2023 Volume 23 | Issue 11

Full Coverage Area Including: London • Kitchener • Niagara Falls • Hamilton • Toronto • Ottawa 46 SUITE APARTMENT BUILDING

6 Storey, 46 suites, 2-year-old apartment building in much sought-after Southwestern Ontario city. Featuring 12 1-bedroom and 34 2-bedroom units with 9-foot-high ceilings. 2 bathrooms, 1 en-suite. In suite washer and dryer, dishwasher, fridge, and stove. All appliances are stainless steel. Exclusive Listing For income and expense proforma contact: WINSTON DAVIES, BROKER OF RECORD WINCORP REALTY INC. REAL ESTATE BROKERAGE GUELPH, ON TEL: 519-836-2080 EMAIL: wjmdavies@rogers.com

PRIVATE SALE $430K AND

NOW ONLY $259K MUSKOKA/PERRY PROPERTY FOR SALE 10 MIN NORTH OF HUNTSVILLE

22 USES:

LODGE, ART, MEDICAL, NURSING, RETIRE, ETC.

Email/text for details -

troman12@gmail.com | 416.587.7496

APPROVED MID-TORONTO 10 TOWNHOUSE DEVELOPMENT SITE $6,500,000.00 FINANCING AVAILABLE BOB AIREY THE A-TEAM

BOBAIREY@ROYALLEPAGE.CA 416.705.7507

ACT NOW! MAKE IT YOUR$

ICIWorld.com EVERYONE CAN SEARCH GLOBALLY

BROKERS ADD APARTMENT BUILDINGS, SHOPPING CENTRES, DEVELOPMENT LAND AND MORE TO YOUR WEBSITE

40,000 LISTINGS 75% EXCLUSIVE 416-214-4875

DAILY GLOBAL CONNECTIONS $100s OF MILLIONS OF SALES

Sanjiv Puri 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

WANTED FOR QUALIFIED BUYERS:

1. 3500-5000 sq ft Peel region for Doctors ofﬁce/Pharmacy 2. 3500-5000 sq ft Peel Region for Restaurant 3. Used Car Dealership in GTA with Property

4. Dental Clinic existing or preconstruction in Peel/Halton Region 5. Physiotherapy Clinic with/without property

info@sanjivpuri.ca • sanjivpuri.ca 2

$5,200,000

103 EMERALD STREET SOUTH, HAMILTON

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.

CALL NEIL KOEBEL

$2,200,000

51 WOODLAWN RD W, GUELPH

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. CALL RYAN BRIGGS

$1,900,000

480 VICTORIA STREET NORTH, KITCHENER

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 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

$1,595,000

11 BELMONT AVE W, KITCHENER

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

$559,900

101 GOLDEN EAGLE ROAD, WATERLOO

Attention investors! Assignment sale of brandnew unit in North Waterloo. 583 sqft 1 bed + DEN 3rd floor unit with balcony and one surface parking space in The Jake Condos. Stylish upgrades with modern features and finishes. Amazing location in Lakeshore North Waterloo, centrally located steps away from all amenities.

CALL RYAN BRIGGS

KITCHENER, ONTARIO

519.578.0337

NEIL KOEBEL

RYAN BRIGGS

Broker of Record

Sales Representative

CELL: 519.741.6594

CELL: 519.498.5775

Neil@cmarealty.ca

Ryan@cmarealty.ca 3

Industrial Specialists Let us show you what our clients have been enjoying and you’ve been missing.

1.800.914.7510 spearheadpm.com | info@spearheadpm.com

FOR SALE

40% SOLD!!!

LEASIDE COMMERCIAL LOFTS

THESE TYPE OF UNITS NEVER LAST

UNITS STARTING FROM $549,000 JOHN ROBB Sales Representative Vice President Commercial Division j.robb@bosleyrealestate.com

416-440-0056

• • • • •

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

• •

103 Vanderhoof Avenue Toronto, Ontario M4G 2H5 BOSLEY REAL ESTATE LTD., BROKERAGE RESPECTS THE CONTRACTS OF ITS COMPETITORS.

www.teammilovick.com

519-745-7000

Grand Valley Realty

BROKERAGE INDEPENDENTLY OWNED AND OPERATED

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

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

Jennifer Shingler

www.TeamMilovick.com

Sales Representative jenn@teammilovick.com

Invest in Ontario’s Number 1 Town Today!

Subscribe: Latest KWC Real Estate News: www.FaceBook.com/TeamMilovick 172 Regina Street North, Waterloo

VIRTUAL TOUR

195 Erb Street West, Waterloo

$4,800,000

$318,900+ Effective Gross Annual Income Available Here! Modern, Purpose Built Eightplex steps to WLU’s Science Building and Athletic Building! Throw a football and hit campus from here! Prime Prime Prime Location. Written leases. Exceptionally well-maintained, owner-managed rental operation. Separate electric and gas meters. Two full bathrooms per unit. In-suite laundry. Large common areas. All tenants on written lease. This is a Cash flow positive opportunity based on contemporary financing. Nothing to do here but collect good rents – with a further opportunity to increase income even more on re-rental! This is ideal for the veteran rental housing service provider that takes great comfort in operating buildings that are in extreme proximity to campus. Owned/enjoyed by same investment group for MLS® last seven years.

110-116 Erb Street West, Waterloo

VIRTUAL TOUR

$2,498,000

Compelling Opportunity! Two buildings situated on three lots in perhaps the most exciting area in Waterloo! Looking for live-work space with income and parking? Or perhaps an infill project/redevelopment site? This site truly has it all. Situated steps to Waterloo Park’s LRT station (about 100 meters) and in front of the Barrel Works Development, this IS the most intriguing site in Waterloo on the market. Uptown Waterloo, with its shops and nightlight, Waterloo Park and Waterloo Rec Centre are quick walks away. Both universities are accessible by LRT - just a stop away! 116 Erb is a mixed use building featuring commercial on main floor and a residential unit above. This building could be ideal as live-work space - in a very convenient, very high-profile area. 110-114 Erb presents as a triplex and was previously rental licensed. MLS®

$3,700,000 Nearly $240,000 Effective Gross Income Available Here! With opportunity to increase rents by additional 20% in next rental season. This modern sixplex apartment building features spacious units with oversized bedrooms, and massive common areas. Two full bathrooms per unit with in-suite laundry. This opportunity is owner built and owner managed - and it shows. Very clean, professional, organized, turn key operation. Individual meters for electricity and gas. Ample parking with most of the spots covered. Great central location with close proximity to University of Waterloo, Uptown Waterloo, Waterloo Park and TNT Grocery Store. Rental-licensed exempt building! Investor work sheet with full financials applied to contemporary financing available! Solid investment opportunity in one of the PerenMLS® nially Best Towns in Ontario to Invest In! Prepare to be impressed.

7 Elgin Street, Waterloo

VIRTUAL TOUR

$2,400,000

$164,400 Effective Gross Annual Income Available Here! Invest in a Rare and Profitable Fourplex Near All of Waterloo’s Post-secondary institutions. This is your chance to own a purpose-built, fourplex apartment building in a prime location. It’s just steps away from Wilfrid Laurier University and Uptown Waterloo and a short walk to Conestoga College and University of Waterloo. You’ll never have trouble finding tenants for these spacious and modern units. Each one features five bedrooms, two full bathrooms, and a large open concept kitchen-living room as well as in-suite laundry. Note handicap access, controlled entry and individual electrical and gas meters. Each unit has its own high efficiency furnace and air conditioner for optimal comfort. This is a quality-built, turn-key rental operation that is exempt from rental licensing. MLS®

311 Spruce Street, Waterloo

VIRTUAL TOUR

$1,480,000

Nearly $112,000 Gross Annual Income Available Here with more upswing available! This triplex building is located just a two minute walk to Wilfrid Laurier University, a quick walk to the vibrant amenities of Uptown and an easy walk to University of Waterloo. All units have generously sized common areas and spacious bedrooms with individual temperature control. Thoughtfully designed with a compelling unit mix of 3, 5, and 6 bedroom units. Ample parking. Note individual electrical meters! Roof done in 2022! This money maker will work well for: savvy investor looking for a foothold in lucrative Waterloo rental market, parent investor that seeks the ultimate location for their university bound child or even a university employee that wants to live close to work and generate mortgage helper income through the other units. MLS® 5

$699,900

120 OLD HWY 3, JARVIS

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

$950,000

$1,599,000

103 CEDAR DRIVE, TURKEY POINT

0.33 ac 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) aprx. 2000sf work area, fully equipped kitchen, takeout windows, WI cooler, 3pc bth, laundry, SS range hood, fire suppression, membrane roof. Incs 3 bedroom year round home freshly painted/redecorated in’23 (aprx.1000sf) positioned behind Restaurant. Possible VTB.

$499,900

$115,000

209 CHESTNUT STREET, DUNNVILLE

Vibrant restaurant business in heart of Dunnville’s downtown, ex. visibility & hi-volume of daily pedestrian traffic. “Small Dimensions” - renowned for outstanding, healthy food w/no additives or preservatives incs steady/loyal clientele base. Ftrs large foyer providing entry to 810sf dining area, 10ft ceilings accommodating 46 patrons & fully equipped 400sf comm. kitchen. New Buyer/Tenant to negotiate long term lease w/ Landlord - all leases to inc permission to use 2 clean washrooms in secured adjacent common area. 2-4 parking spots & street parking. Viewings by appointment only - do not enter during business hours.

$775,000

316 MAPLE STREET, DUNNVILLE

19 RIDOUT STREET W, TILLSONBURY

33 MAIN STREET N, WATERFORD

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

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.

Turn-key Destination restaurant in the Heart of Waterford, a growing community known as a beautiful & scenic place to call home. Historic and bustling downtown core within walking distance. Home to parks, trails, Waterford Ponds, & new home development. Great exposure & curb appeal on Main Street, Ideal corner commercial property with ample parking. Includes all equipment & chattels. Interior has been updated, include decor, bathrooms, office, lighting & fixtures, mechanicals, & much more.

$1,695,000

$2,250,000

$549,900

2032 MAIN STREET N, JARVIS 2 stry brick dwelling located in downtown Jarvis - near amenities, schools, parks, shops, eateries & walking track. Situated on 0.22ac lot, covered porch w/entry to foyer, living room/poss. bedroom incs FP, family room, office, renovated 3pc bath & dining room w/plumbing RI. Period hardware floors, wood trim + 8.6/9ft ceilings enhance historic charm. Orig. staircase accesses upper level hall w/balcony WO, 288sf living room, 2 bedrooms, 4pc bath, full kitchen & all purp. room ftrs balcony WO & wood outdoor staircase. Service style basement houses newer n/g hot water boiler & 100 amp hydro.

9718 CONCESSION #1 ROAD, WEST LINCOLN

34.45ac rural property enjoying over 1000ft of quiet non-thru road frontage bordering Chippewa Creek. Slow winding lane carved thru lush soy bean fields leads to magical, secluded setting where a beautifully maintained 2579sf brick bungalow incs orig. 1974 section & 1997 addition. All barns/outbuildings ftr recently painted metal roofs incs 30x60 Coverall building, 30x24 pine board garage/shop, 30x45 hip roof barn w/16’ wraparound lean-to, conc. former feed-lot area + 30ac of fence-row free workable land. Extras-oil tank 13, AC, roof ’22, 6500g cistern, barn well & Andersen windows.

1045 ST. JOHNS ROAD EAST 99.83ac multi-purpose farm property located in south-east Norfolk County. Hidden gated entry provides access to a 2 storey duplex-style century home overlooking farm fields & mature forest. 2 rustic, yet functional post & beam barns (50x28 barn, 32x74 barn w/34x18 lean-to). Expanding cash crop or dairy farmer, aprox. 55 acres of fence-row free “Beverley” clay/loam fertile soil - Vendor indicates workable acreage could easily be enlarged by 15-20 ac just by cleaning grown-in perimeter scrub/tree fences lines. Incredible multigenerational venue! Sold “AS IS” - Estate Sale.

unique investment opportunity

Land deveLopment opportunity

east HamiLton

tHoroLd

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

Flexible sizes up to 100,000 sf and up to 4.5 acres outdoor parking/storage 7551 Jane Street, Vaughan

ET E LECR

MAP

PEEL

REE

E ST

JAN

–

D ROA

R OA D

–

Four bays of approx. 21,000 sf plus 2,500 to 5,000 sf of common area, office and storage areas Ceiling heights - 15’ to 25’ clear

Get more information

Kyle Albert Sales Representative 905 968 8029 kyle.albert@avisonyoung.com

– – –

Column free Two oversized drive-in doors Access from frontages on 3 roads

Matt Gunning, SIOR Broker | Principal 905 968 8003 matt.gunning@avisonyoung.com

SCAN ME Mark Sullivan Sales Representative 905 968 8010 mark.sullivan@avisonyoung.com

Joe Pandolfo Chief Executive Officer 416 887 3661 jp@odevelopments.ca

DEVELOPMENT SITE – TORONTO 200,000 SQFT GFA, *Ravine view* Mid-Rise Development. With existing $500,000 net income. VTB available. Principals welcome. Brokers welcome.

FOR INQUIRIES CALL 647-637-1212 8

contents 10 14 18 22

NEXT ISSUE:

Useful terms to know before signing a commercial real estate lease Five tips for a successful commercial real estate purchase

November 18, 2023 ADVERTISING DEADLINE:

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Useful terms

to know before signing

a commercial real estate lease Whether negotiating the terms of your commercial lease agreement or trying to get a better picture of the full costs you’re about to assume, understanding the terminology of your contract is crucial. While it’s always best to have your lawyer (preferably one specializing in commercial real estate) review your agreement, here are some of the more common terms you’ll 10

want understand – before you sign.

1. Incidental expenses

Your costs on top of base rent.

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

These can include property tax, insurance, utilities, maintenance, common area costs and repairs.

2. Common area maintenance

This is an incidental expense in some commercial real estate leases. All tenants generally share common area costs. Examples include fees for snow removal, janitorial services, landscaping, grass cutting and property management. October 21–November 18, 2023

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

6. Double-net lease (NN)

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

7. Triple-net lease (NNN)

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

8. Percentage rent lease

Where you pay a base rent plus a percentage of gross sales over a certain minimum. These are usually used in malls and other multi-tenant retail locations.

9. Tenant improvement allowance

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

3. Gross rent lease

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

4. Modified gross lease

When you and the landlord share certain incidental expenses.

5. Net lease

Where you typically pay for one incidental expense directly. In a single-net lease, you usually pay the October 21–November 18, 2023

10. Tenant inducements

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

11. Trade fixtures

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

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

12. Turnkey improvements (also known as turnkey buildouts)

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

13. Leasehold improvements (also known as tenant improvements)

Renovations to a leased commercial real estate space to make it suitable for your business. Unless otherwise specified in the lease, any improvement that is attached to the building usually becomes the property of the landlord, meaning you can’t take it with you when you move out. Examples can include machinery, flooring and built-in shelving. Get advice from a commercial real estate lawyer when negotiating a lease to seek exclusions for assets that you want to take with you when you leave. Remember: If necessary, you can always apply for a leasehold improvement loan, a short-term loan (often amortized over five or six years) that you can use to pay for renovations to a leased space. You can sometimes negotiate a principal holiday for the first six to 12 months of the loan. Depending on the value of the improvement, a bank may accept the improvement as collateral for the loan, which could result in a lower interest rate than that for an unsecured loan. CI

Source: bdc.ca/en

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

KITCHENER/WATERLOO GUELPH & CAMBRIDGE

519.742.7000 www.coupalmarkou.com

SALE

125 LINCOLN ROAD, WATERLOO

151 SIEBERT AVENUE, KITCHENER

R E D UN CT A R NT CO • 69 one-bed, 46 two-bed units • Excess land density • Tremendous upside potential on rents • Recent capital improvements

SALE

• Data room available • $25,300,000 EXCL

10,12,14 ROSEDALE AVENUE, KITCHENER

• 3 well maintained buildings with 17 units total • 11 one-bed, 5 two-bed, and 1 bachelor unit • Recent capital improvements • Data room available MLS • $3,060,000

SALE

1795 & 1805 SAWMILL ROAD, CONESTOGO

• Great redevelopment opportunity • Rezoned C-3 with site provisions • Approx. 3.59 acres

• Partially renovated and upgraded • $2,495,000 EXCL

SALE

277 MANITOU DRIVE, KITCHENER

• 11,500 sq ft of leasable space • 1,875 sq ft vacant • 6 drive-in loading docs • $3,995,000

SALE

MLS

21 KING STREET N, WATERLOO

• Prime investment opportunity • Main floor approx. 1,800 sq ft leased to tenant

• Second floor approx. 1,000 sq ft of two 1 bed units with month to month rent • $1,319,000 MLS

Christopher Coupal

John Markou

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

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

• 6 two-bed and 3 three-bed units • Recent capital improvements • Separately metred for hydro • Seller will consider a vendor take back 1st mortgage for a qualified buyer MLS • $2,025,000

186 WELLINGTON STREET N, KITCHENER

• Excellent redevelopment site • Corner lot with freestanding triplex and garage shop all leasable • $1,395,000

MLS

SALE

647 KING STREET W, KITCHNER

• Pristine and ready to occupy • On-site parking Newly renovated interior and exterior

• 6 private offices • $1,375,000 MLS

CONNECT

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

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

October 21–November 18, 2023

KITCHENER/WATERLOO GUELPH & CAMBRIDGE

519.742.7000 www.coupalmarkou.com

LEASE

MAIN-192 KING STREET S, WATERLOO

LEASE

2 – 1373 VICTORIA STREET N, WATERLOO

LEASE

10-465 PHILLIP STREET, WATERLOO

ER D N U CT A R NT O C • Zoning allows for many uses on this main floor space • 6 on-site parking spaces • 1,600 sq ft MLS • $2,950/month

LEASE

347 WEBER STREET N, KITCHENER

• Industrial/Service commercial space • High daily traffic volume • Drive in and drive in loading doors • 6,400 sq ft • $14.00/sq ft net

LEASE

MLS

7 GRAND AVENUE, CAMBRIDGE

• Service commercial/office space • Wide range of uses with-in zoning • 1,359 sq ft • $22.50/sq ft net

• Retail unit near Bingemans Centre Dr • Newly updated exterior and roof • Great street visibility, signage, and storefront • 2,808 sq ft MLS • $15.95/sq ft net

LEASE

• Excellent North Waterloo office space • Built out offices and air-conditioned shop area • Signature development • 2,035 sq ft • $13.95/sq ft net MLS

LEASE

MLS

B2-490 DUTTON DRIVE, WATERLOO

55 ERB STREET E, WATERLOO

• Office space with excellent visibility • Utilities included in additional rent • Abundance of natural light • 821 – 1,889 sq ft • $16.95/sq ft net

Christopher Coupal

John Markou

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

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

• Plaza nestled nicely in the centre of student residences • On-site parking and excellent visibility • 1,318 sq ft MLS • $28.00/sq ft net

• Walk-up retail space • Abundance of customer parking • 4 driveway entrances/exits to plaza • 951 sq ft and 968 sq ft • $24.00/sq ft net

LEASE

MLS

373 BRIDGE STREET W, WATERLOO

MLS

210 SHELDON DRIVE, CAMBRIDGE

• Industrial or office space • Located at the round about at Sheldon Dr and Franklin Blvd • 1,750 – 6,349 sq ft • $8.95 - $14.95/sq ft ne

MLS

CONNECT

October 21–November 18, 2023

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

Five tips for a

successful commercial real estate purchase Buying real estate is a costly undertaking, and business owners need to exercise due diligence every step of the way. Without proper planning, entrepreneurs can face a host of problems, including inadequate financing, unexpected construction costs, inefficient layout and environmental lawsuits.

Although real estate costs have shot up in recent decades, entrepreneurs are still usually better off buying properties than renting them. Not only will they not be faced with 14

rent increases, but their property may appreciate in value as well. Plus, a buyer can deduct the value of a loan, mortgage interest or depreciation in the value of a

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

building from company taxes – something that can’t be done when renting. So, what makes a successful commercial real estate acquisition? Here are five tips that can help.

1. Understand the local real estate market

Before making a decision on what to buy, pay heed to where you’re buying. Each local market has its own tax rates, land inventory and environmental issues. The supply of skilled labour in the area also needs to be considered. October 21–November 18, 2023

2. Consult an accountant

Affordability is a big issue in commercial real estate today, so before you go to a bank, work with an accountant to determine your budget. Make sure your budget includes all hidden costs. Tax implications can also be complex in real estate transactions. It’s important to consult an accountant who knows the ins and outs of commercial real estate deals. Your accountant will be able to tell you, for instance, whether the purchase should be considered a corporate or personal transaction. Other issues include succession planning, transition financing and decisions about how assets will be broken up when the business is sold.

3. Get your financing in order

Getting approved for commercial real estate financing isn’t easy. Bankers October 21–November 18, 2023

will want to see high-quality financial statements and evidence that the profits you generate are being retained by your company. All of this will play a big role in determining whether you get the commercial real estate loan you want. Shop around for the best financing package. While the interest rate is important, it’s far from the whole story. Other factors such as what percentage of the purchase a financial institution is willing to finance are equally, if not more, important. Resist the temptation to sway lenders with overly optimistic forecasts – payment problems down the line can boost costs and reduce your manoeuvring room.

4. Plan your layout well

Whether it’s an existing building or one you’re renovating, layout has a major impact on operational

efficiency. It’s often a good idea to hire an operational efficiency expert to advise you on how to optimize your layout.

5. Choose the right builders

You should be looking for quality builders who have a good reputation and are responsive to your needs. Key traits of good builders include experience, timeliness and knowledge of your industry. For example, if your building must meet food-industry standards, your builder should have expertise in that sector. A builder’s financial history should also be considered. You don’t want a situation, for example, where a contractor is taking your deposit to fund a previous job where they ran out of money. If you have any doubts, do a credit check. CI Source: BDC.ca

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

KITCHENER/WATERLOO GUELPH & CAMBRIDGE

CAMBRIDGE | RETAIL

KITCHENER | RETAIL

CAMBRIDGE | RETAIL

KITCHENER | RETAIL

MLS® 40411512

MLS® MLS® 40338977 40385542

MLS® 40453281

MLS® 40437711

#3-815 ST. E. MLS® 40338977 MLS® WEBER 40385542

30 QUEEN STREET N MLS® 40453281

#F-1606 ROAD MLS®BATTLER 40437711

#1-26 STREET MLS®MAIN 40411512

2,000 SF | $18.00/SF #1-26 Lester MAIN Tobin*STREET x 3023 2,000 SF | $18.00/SF Lester Tobin* x| 3023 WATERLOO RETAIL

1,175 SF | $2,700/Month #3-815 WEBER ST. E. James Boudreau** x 3020 1,175 SF | $2,700/Month JamesBRESLAU Boudreau**| RETAIL x 3020

4,059 SF | $11.00/SF 30 QUEEN STREET N James Boudreau** x 3020 4,059 SF | $11.00/SF James Boudreau** x 3020 KITCHENER | OFFICE

WATERLOO | RETAIL

BRESLAU | RETAIL

KITCHENER | OFFICE

MLS® 40282665

MLS® 40452591

MLS® 40338489

10MLS® TOWNSEND DRIVE 40282665

7MLS® DUKE40452591 STREET W.

650MLS® RIVERBEND DRIVE 40338489

MLS® 40489275 #2-25 COLUMBIA ST. E. MLS® 40489275

4,059 SF | $11.00/SF #2-25Boudreau** COLUMBIA xST. E. James 3020 4,059 SF | $11.00/SF KITCHENER James Boudreau**| OFFICE x 3020

1,315 SF | $28.00/SF

#F-1606 BATTLER ROAD Lester Tobin* x 3023

1,315 SF | $28.00/SF Lester Tobin* x| 3023 KITCHENER OFFICE

KITCHENER | OFFICE

MLS® 40338977 40470760 MLS®

MLS® 40351737

MLS® 40400900

MLS® 40345214

508MLS® RIVERBEND DRIVE 40351737

#204-501 KRUG STREET MLS® 40400900

#202-475 PARK STREET MLS® 40345214

96-100 HIGHLAND RD.W. MLS® 40470760 MLS® 40338977

311-903 SF | $12-$20.00/SF 96-100 HIGHLANDxRD.W. James Boudreau** 3020 311-903 SF | $12-$20.00/SF WATERLOO James Boudreau**| OFFICE x 3020

84-409 SF | From $325/Mth 508 RIVERBEND Cindy Theoret* xDRIVE 5020 84-409 SF | From $325/Mth CAMBRIDGE Cindy Theoret* x| OFFICE 5020

690 SF | $16.00/SF #204-501 KRUG STREET James Boudreau** x 3020 690 SF | $16.00/SF JamesBREALSU Boudreau**| OFFICE x 3020

901 SF | $18.00/SF #202-475 PARK STREET James Boudreau** x 3020 901 SF | $18.00/SF ARVA | RETAIL James Boudreau** x 3020

WATERLOO | OFFICE

CAMBRIDGE | OFFICE

BREALSU | OFFICE

ARVA | RETAIL

MLS® 40413371

MLS® 40398399

MLS® 40431105

MLS® 40480546

34MLS® WATER STREET N. 40398399

31 BEACON POINT COURT MLS® 40431105

21589 RICHMOND ST. N. MLS® 40480546

99 NORTHFIELD DRIVE E. MLS® 40413371 695-2,287 SF | $11.95/SF 99 NORTHFIELD Chad Ritzer* xDRIVE 3033 E. 695-2,287 SF | $11.95/SF Chad Ritzer* x 3033

1,436-2,437 SF|$12.00/SF 34 WATER STREET N. James Boudreau** x 3020 1,436-2,437 SF|$12.00/SF James Boudreau** x 3020

5,000 SF | $14.50/SF 31 BEACON POINT COURT James Boudreau** x 3020 5,000 SF | $14.50/SF James Boudreau** x 3020

2,100 SF | $22.00/SF

21589 RICHMOND ST. N. Lester Tobin* x 3023 2,100 SF | $22.00/SF Lester Tobin* x 3023

Each office is Independently Owned and Operated Each office is Independently Owned and Operated

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

October 21–November 18, 2023

KITCHENER/WATERLOO GUELPH & CAMBRIDGE

KITCHENER

CAMBRIDGE

KITCHENER

CAMBRIDGE

MLS® 40499913

MLS® 40493909

MLS® 40470969

MLS® 40267992

OFFICE/RETAIL BUILDING MLS® 40499913 1,750 SF | $1,275,000 OFFICE/RETAIL BUILDING James Boudreau** x3020 1,750 SF | $1,275,000 James Boudreau** x3020 KITCHENER

RETAIL PLAZA MLS® 40493909 5 UNITS | $849,000 RETAIL PLAZA Chad Ritzer* x3033 5 UNITS | $849,000 Chad Ritzer* x3033 KITCHENER

COMMERCIAL/RESIDENTIAL MLS® 40470969

5 UNITS| $1,599,900 COMMERCIAL/RESIDENTIAL Eric Frey* x 3118 5 UNITS| $1,599,900 Eric Frey*WOOLWICH x 3118

MLS® 40267992 COMMERCIAL BUILDING 11,679 SF | $2,500,000 COMMERCIAL BUILDING James Boudreau** x3020 11,679 SF | $2,500,000 GUELPH James Boudreau** x3020

KITCHENER

WOOLWICH

GUELPH

MLS® 40418257

MLS® 40397799

MLS® 40373566

MLS® 40321109

MLS® 40418257 BUILDING/0.31 AC. LAND 1,242 SF | $1,650,000 BUILDING/0.31 AC. LAND Eric Frey* x 3118 1,242 SF | $1,650,000 Eric Frey*KITCHENER x 3118

MLS® 40397799 REDEVELOPMENT SITE 1.210 Acres | $7,900,000 REDEVELOPMENT SITE James Boudreau* x 3020 1.210 Acres | $7,900,000 James Boudreau* x 3020 LONDON

MLS® 40373566 REDEVELOPMENT SITE 2.108 Acres | $4,300,000 REDEVELOPMENT SITE James Boudreau* x 3020 2.108 Acres | $4,300,000 James Boudreau* x 3020 ORANGEVILLE

MLS® 40321109 REDEVELOPMENT LAND 9.53 Acres | $19,500,000 REDEVELOPMENT LAND John Hoffman* x 3040 9.53 Acres | $19,500,000 John Hoffman* x 3040 ST. MARYS

KITCHENER

LONDON

ORANGEVILLE

ST. MARYS

MLS® 40434713

MLS® 40493046

MLS® 40400544

MLS® 40454420

MLS®INVESTMENT 40434713 RETAIL 10,656 SF|$7,500,000 RETAIL INVESTMENT Lester Tobin* x 3023 10,656 SF|$7,500,000 Lester Tobin* x 3023

MLS® 40493046 COMMERCIAL BUILDING 1,375 SF | $849,000 COMMERCIAL BUILDING Lester Tobin* x 3023 1,375 SF | $849,000 Lester Tobin*WINDSOR x 3023

MLS® 40400544 BUILDING/19.88 AC. LAND 45,711 SF | $22,500,000 BUILDING/19.88 AC. LAND John Hoffman* x 3040 45,711 SF | $22,500,000 John Hoffman* x 3040 KITCHENER

MLS® 40454420 COMMERCIAL BUILDING 4,900 SF | $975,000 COMMERCIAL BUILDING Chad Ritzer* x3033 4,900 SF | $975,000 Chad Ritzer* x3033 WATERLOO

WINDSOR

KITCHENER

WATERLOO

MLS® 40480415

MLS® 40480768

MLS® 40463973

MLS® 40482962

MLS® 40480415 RETAIL/OFFICE BUILDING 5,800 SF | $2,450,000 RETAIL/OFFICE BUILDING Lester Tobin* x 3023 5,800 SF | $2,450,000 Lester Tobin* x 3023

MLS®INVESTMENT 40480768 RETAIL 9,300 SF|$1,860,000 RETAIL INVESTMENT Lester Tobin* x 3023 9,300 SF|$1,860,000 Lester Tobin* x 3023

MLS® 40463973 BUSINESS FOR SALE $975,000 BUSINESS FOR SALE James Boudreau* 3020 $975,000 James Boudreau* 3020

MLS® 40482962 BUSINESS FOR SALE BUSINESS ONLY $200,000 BUSINESS FOR SALE Lester Tobin* x 3023 $200,000 Lester Tobin* x 3023

BUSINESS ONLY

Each office is Independently Owned and Operated Each office is Independently Owned and Operated

October 21–November 18, 2023

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

Tips on how to choose a group insurance plan for your small business

A well-designed group benefits plan can offer significant advantages for your employees and your business. It can help you attract and retain top talent, promote a healthy work environment and differentiate your business from your competitors. “A group insurance plan can be a flexible and affordable way to enhance your total compensation package,” explains John Carinci, VP and head, operations and client experience, RBC Insurance. “Many Canadian employees identify their benefits plan as a key reason for remaining with their current employer. In fact, given the choice, 59 per cent of employees would prefer group benefits over a 10 per cent 18

salary increase.” Before choosing a group insurance plan, consider the following three tips: • Define your objectives – To identify whether you need a basic plan or a comprehensive plan, first identify your primary purpose for implementing a benefits package. The plan you choose may be different depending on whether your goal is to attract new talent, retain existing employees, or simply offer basic coverage.

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

• Provide coverage your employees will use – Talk to your employees about their needs prior to selecting your group plan. By doing the research up front, you’ll avoid paying for features your employees won’t use, while also aligning the plan to your stated objectives. • Choose a plan that is a good fit for you and your employees – A good benefits package provides a benchmark level of coverage that meets the needs of your employees, at a cost that you are comfortable with. Prepare a list of questions for your advisor to ensure you are delivering the best solution possible. CI For more information, visit rbcinsurance.com/groupbenefits October 21–November 18, 2023

KITCHENER/WATERLOO GUELPH & CAMBRIDGE

2128 GHENT AVENUE, BURLINGTON Projected cap rate 4.42%

LEGAL 6-PLEX WITH POTENTIAL FOR 7TH UNIT

INVESTMENT OPPORTUNITIES

$3,299,900

Vacant 2-Bdrm & 1-Bdrm units currently being renovated by Seller (included in the Purchase Price). Property zoned RH1 High Density which allows for up to six ﬂoors. Potential for a legal 7th unit (Bachelor), Seller has started the approval process. This Lot is large and has potential for adding more rental units and parking in the future by the Buyer. Buyer to conduct own due diligence.

41-43 ALBERT STREET HAMILTON

30 CHATHAM STREET BRANTFORD

75 ELM STREET ST. THOMAS

Potential Condo Conversion already separately deeded

4.31% current cap rate at list price

4.23% current cap rate at list price with substantial room to improve

13 UNITS $4.6 M 89 DUMFRIES STREET PARIS Development Land Zoned R2 0.36 Acres

22 UNITS

33 UNITS NEW PRICE

NEW PRICE

$5,700,000

$9,999,900

586 VICTORIA STREET S KITCHENER

2520 HAINES ROAD BAY #4, MISSISSAUGA

11 UNITS

Sublease/Lease Assignment 22,722 Sq Ft 40ft Ceiling Height with 2 Dock Level Doors and 2 Drive in Doors.

$449,900

$4.6 M

$18.99 / sq ft + TMI

WE HAVE BUYERS LOOKING FOR DUPLEXES, TRIPLEXES AND FOURPLEXES PLEASE CALL US IMMEDIATELY

DALIBOR RADULOVIC Sales Representative

CHRIS MOSSEY Sales Representative

TUNDE ABIODUN Broker

ROB PIOMBINI Broker

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

519-885-8810 info@4mcommercialgroup.com 385 Frederick Street, Unit 32 Kitchener, Ontario N2H 2P2

October 21–November 18, 2023

HomeLife Power Realty Inc., Brokerage*

*Independently Owned and Operated

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

SOUTHWESTERN ONTARIO

RECESSION PROOF BUSINESS 206 Main Street, Parkhill Ideal for owner operator/savvy investor. Main flr can be leased for $3500/mth+TMI; 2nd flr 3 bed 2 bath residential w/living rm, kit & balcony can be leased for $1600/mth & $1300/mth each as 2 units. Just over 1/2 acre. Ample parking. Asking 699K

27 bed Community Homes for Opportunities (20 CHO) and 7 Private Pay Residents in Kitchener, Ontario. 11-15 ROI 2.4M

10 bed Community Homes for Opportunities (CHO) in St. Marys, Ontario. Turnkey with staff. 10-12 ROI 999k

• 28 bed Retirement Home in SW Ont. 3.4M • SARNIA 8 CHO + 9 PRIVATE Excellent cash flow. Great subdivision. County subsidized. 1.25M • SARNIA 18 RCH County Subsidized. Close to amenities & Services. 1.25M • DOWNTOWN LONDON, Main Level Commercial, Plus 5 Residential. $1,999,000

Rahim Charania, BROKER 519-859-0133

rahimcharania@gmail.com www.charaniagroup.ca

PREMIERE DISTRIBUTION NETWORK

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

FOR ADVERTISING INFORMATION CONTACT: 1.888.761.3313 info@thecommercialinvestor.ca | thecommercialinvestor.ca 20

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

October 21–November 18, 2023

EASTERN ONTARIO

CLARINGTON’S STILL HOT! BE SMART! Royal LePage John Shewchuk SALES REP Cell: 905-404-5038

Email: jshewchuk@royallepage.ca

Brian Shewchuk SALES REP

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

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

GROUND FLOOR COMMERCIAL PLAZA SPACE IN COURTICE!

Busy corner location across from Tim Hortons with great pylon signage on HWY 2. Up to 1550 SQFT available in 1 or 2 units. Strong neighboring anchors like Scotiabank, Desjardin, and Convenience. Flexible zoning uses, affordable rent, and a A+ location make this an opportunity for any commercial business!

EAT THIS UP: BUSINESS & BLD FOR SALE - NEWCASTLE

Free standing, long term food business + property included. 2500 SQFT restaurant fully licensed, with outdoor patio on major highway. Huge parking area! Owners to retire after 18+ years. Well known. Excellent easy to run food business. Call for details. Owner willing to hold a mortgage OAC.

NEW INDUSTRIAL BUILDING — BOWMANVILLE

Close to 401exit. Units 23K SF/17K SF 11,600 SF. Fully sprinklered, 26’ ceiling clear. Ready Q4 2023. Truck + drive in loading — 14.50 SQ FT net. (Lake Road)

BEAUTIFUL ESTATE LOTS & ACREAGE IN NEWCASTLE!

Quiet, in-demand community that’s ideal for estate lots and custom homes! Clear of ENV mapping, severed into 3 lots from existing road allowances. High potential for an end- user, ambitious subdivision, or for any families looking for a lot close to town for their ream-home! Bridal path of million dollar homes.

WOW - RARE 1.3 ACRE SERVICED RESIDENTIAL INFILL SITE IN CLARINGTON!

Services are at the lot line and an existing bungalow remains on site! Very hard to come-by in fill site for a number of detached lots, semis, or potential for townhouses: ideal for small builder or developer! Clarington is a fast-growing community with regular seasonal events walking distance away!

WOW! 29600 SQFT ON 1 ACRE BRAND NEW ON HWY 401!

Great location w/ high quality construction planned to begin 2024! High visibility ideal for signage and quick + easy access to highways for shipping & receiving. Highly flexible owner: chance for build-to-suit, purchase of entire site, and potential for VTB subject to terms and conditions.

28 ACRES FUTURE DEVELOPMENT LAND — NEWCASTLE

Great location between HWY 115/35, HWY 401 AND HWY #2. Labeled Employment Lands under Durham OP Update. Vendor Take Back Mortgage available! Excellent opportunity for land bankers, developers, and builders of all stripes to acquire a choice piece of land early!

October 21–November 18, 2023

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

Survey:

More Millennials look to own recreational property A RE/MAX survey released June 6 and conducted by Leger finds 56 per cent of Millennials are in the market to purchase a recreational property. This is up 14 per cent from last year when 42 per cent of this demographic considered buying recreational property.

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

In 2018, 91 per cent of recreational markets surveyed reported it was Baby Boomers, especially retirees, who were driving the recreational market. The increase in buying intentions among younger people shows the start of a new trend in who will fuel this segment of the property market, and what they are looking to purchase. October 21–November 18, 2023

“We are finally witnessing the long-anticipated generational shift of purchasing power from Baby Boomers to Millennials,” says Christopher Alexander, executive vice-president, RE/MAX of OntarioAtlantic Canada. “With the high cost of urban living taking many young homebuyers out of those markets, more Millennials are turning to recreational properties as a viable option for home ownership.” Price remains the top consideration for recreational property buyers, with 61 per cent of survey respondents naming affordability as the most important factor. However, liveability also plays a crucial role in the selection process. “This new buyer demographic comes with a different lifestyle and property criteria than those of their Boomer counterparts,” Alexander adds. “Factors like Internet connectivity, recreational activities and proximity to towns with urban conveniences are becoming a more important selling feature.” The survey also reveals that 64 per cent of Canadians want recreational properties to relax and spend time with friends and family. Forty-three per cent say they are able to do things not available at their permanent residence, such as hiking and fishing, with Millennials ranking higher (50 per cent) than Boomers (38 per cent) in this sentiment. When it comes to the actual property, the survey also found that other than affordable purchase price, Canadians who own or would consider owning a recreational property named reasonable maintenance costs waterfront access, and proximity to town as the most important factors when purchasing. October 21–November 18, 2023

These findings differ regionally, with more Atlantic Canadians (39 per cent) looking for seclusion compared to residents in western provinces (28 per cent) or Ontario (26 per cent). Ontarians, on the other hand, are more likely to look into the property’s proximity to town and

the accessibility of nearby medical facilities. Additionally, the findings revealed that 54 per cent of Canadians travel (or would like to travel) to their recreational property in about two hours or less, while 22 per cent travel (or would travel) three or more hours. CI

Key findings from the 2019 RE/MAX Recreational Property Omnibus Survey 1. Forty per cent of Canadians are in the market for a recreational property, 56 per cent of Millennials are in the market for a recreational property 2. Canadians cite the following reasons to own or want to own a recreational property: • It is where I can go and relax and spend time with friends and family = 64 per cent • It is a getaway home = 58 per cent • I can do activities I can’t do at my permanent residence (hiking, fishing, etc.) = 43 per cent • It is an investment property = 30 per cent • It is a retirement home = 20 per cent • Other = two per cent 3. Thirty per cent of Canadians who say they use or would use a recreational property as an investment opportunity, Millennials rank the highest at 33 per cent, compared to Boomers at 28 per cent. 4. More than half (54 per cent) of Canadians who own or are considering owning a recreation property are willing to travel up

to two hours, 24 per cent saying they would travel two hours. Slightly less (22 per cent) are willing to travel three or more hours. 5. Canadians identify the following features as important when considering their current recreational property or a future purchase of a recreational property: • Affordable purchase price = 61 per cent • Reasonable maintenance costs = 46 per cent • Waterfront access = 45 per cent • Proximity to town = 44 per cent • Reasonable distance from primary residence = 35 per cent • Relative seclusion = 28 per cent • Land access = 24 per cent • Proximity to sports/recreation = 24 per cent • Nearby neighbouring properties = 12 per cent • Island property = seven per cent • Other = one per cent • None, don’t mind which features my recreational property has = seven per cent • Don’t know/prefer not to answer = seven per cent

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

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SkyViews

k y Vfor iew s Your S Price ‘Upside’ Your Value Priceinfor Finding the‘Upside’ Grey Areas Finding the GreyRealty Areas By CliffValue Ford,inSkyview By Cliff Ford, Skyview Realty

With the ever-increasing demand for multi-unit With the ever-increasing demand for multi-unit residential properties amongst investors, a trend residential properties amongst investors, a trend has been overover the the lastlast number has emerging been emerging numberofofyears. years. Many properties, and and certainly buildings Many properties, certainly buildingswith with 30+ 30+ units, are seeing multiple offers partofofan anopen open units, are seeing multiple offers as as part bid submission process. bid submission process. If you aren’t familiar the bid submissionprocess, process, If you aren’t familiar with with the bid submission it is the act of marketing a property for sale without it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide providing a price. Typically, theinSeller willof provide all due diligence documents advance the offer all due deadline diligence documents in determine advance what of the offer to allow buyers to they are deadline to allow buyers determine willing to offer on any to given property. what Sellersthey love are this process as any it can generally lead Sellers to multiple willing to offer on given property. loveoffers this a bidding war that up their end processand ascan it create can generally lead todrives multiple offers price. Buyers dislike this process, however, because and can create a bidding war that drives up their end they prefer to have some guidance on pricing going price. Buyers dislike this process, however, because into the offer stage. As a brokerage, we are caught in they prefer to have some guidance on pricing going the middle of wanting to deliver great results for our into theSeller offer and stage. As a brokerage, we are caught in satisfying our buyer clients’ demands for moreof investment the middle wanting properties. to deliver great results for our Seller and satisfying our clients’ demands What we have beenbuyer noticing with these open for bid more investment properties isproperties. that ‘upside’ becomes a very common discussion point. The value a buyer places on the

What we have been noticing with these open bid upside in a building can often become the factor that properties is that ‘upside’ a the very common makes their offer standbecomes out among rest, at least discussion point. The value a buyer places on the as it relates to purchase price. upside When in a building canwhat oftenthe become the that considering upside is onfactor a property, makes its their offer stand out among the rest, at least more than just rental rate upside, especially conas it relates to the purchase price. rates seen in the Ontario sidering lower vacancy market nowadays. Beyond the upside of what you

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

can have a form of upside for a particular buyer, in that they may own a building nearby and could crethat they may own a building nearby and could createvalued valuedupside upside in the sharing of mutual expenses ate in the sharing of mutual expenses betweeneach each property. between property. Whatever upside factors may may be onbe anyonparticWhateverthe the upside factors any particular property, when going into a purchase process, ular property, when going into a purchase process, understanding what YOUR valuevalue is on is theonupside understanding what YOUR the upside will give you a leg up when bidding against other will give you a leg up when bidding against other buyers. It appears that, at least for the time being, buyers. It appears that, at least fordetermined the time being, the sale price of the property is no longer the by sale pricecomparable of the property longer just market sales.isIt no is now the determined grey just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course seller had their way, the would areas ifofevery upside that are driving theBuyer prices higher. Of be paying for 100% of the upside theirthe purchase course if every seller had their inway, Buyer would price but realistic sellers also know that they need to be paying for 100% of the upside in their purchase leave something on the table for a buyer. As a buyer, price but realistic sellers also know that they need to you need to know what the upside is and how much leave onforthe table for Itaisbuyer. As a buyer, you aresomething willing to pay that upside. a business you need to know what the upside is and how much decision that only you can determine based on your operations. you are willing to pay for that upside. It is a business

decision that only you can based on your To be fair when discussing bid determine submission processoperations. es, it should be stated that price may not always be the only factor when a seller chooses one offer to To be fair when discussing bid submission processwork with over another, but it is likely the most siges, it should that price always be nificant factor. be As stated an example, buyersmay are not becomthe more only and factor when a seller chooses one offer to ing more organized in their purchasing work with inover another, but it is likely the most sigprocesses order to streamline their conditional periods closing as this can also help nificantand factor. As dates, an example, buyers aretobecomachieve a sign back from a Seller when multiple ofing more and more organized in their purchasing fers are on the table. Especially if all offering prices processes in order to streamline their conditional are neck and neck, the terms of the offer becomes periods and closing dates, as this can also help to an important factor for a seller.

achieve a sign back from a Seller when multiple of-

You may not be a fan of the open bid submission fers are on the table. Especially if all offering prices process, but it appears as if this new trend will be are neck and neck, the terms the diligence offer becomes sticking around. By doing properofdue an important factor for a seller. upfront, good research on the property’s market, and theaprice want to pay the You determining may not be fan you of the open bidforsubmission upside, you can still achieve great acquisitions in this process, but it appears as if this new trend will be tight and highly sought after investment class.

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

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Short Biz Hours (8:30-5:30 Pm, Sat 9-2 Pm). Net Income Approx. $39,500 monthly https://youtu.be/IZyoRwMNjbg

Convenience With Property FOR SALE $569,000 Elora St / Arthur St (Minto)

• 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) 28

Matia Kim Broker

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Paul McDonald

Sales Representative Real Estate Homeward, Brokerage www.theeastside.ca | 416-432-1045

George Gicopoulos

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seangic@gmail.com

Cell 519-852-4426

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• Ideal for Indian/ethnic food or Bar and Grill • Good lease with renewal options • All equipment and chattels • Located in busy plaza

• Small operation with high sales • Easy menu with loyal clientele • Good rent with Long term lease • Ideal for a family to run

BAR AND GRILL WITH PROPERTY SW ONTARIO

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Asking $180,000

• Great Bar and Grill • Great Reputation • Great Patio • Great Small town location

Asking $1,400,000

Asking $700,000

• 26,000 sq ft corner location • Fully equipped restaurant • Existing 7,000 sq ft building that could be repurposed • Additional 3 acres available

Asking $1,750,000

FAMILY RESTAURANT KITCHENER

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Asking $545,000

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

Asking $895,000 29

COMMERCIAL, RESIDENTIAL AND PROPERTY MAINTENANCE SERVICES

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

bellrosejanitorialservices.com

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info@bellroseinc.com 30

FORREST KENDLBACHER 416-921-1112

D L O S

REAL ESTATE SERVICES LTD., BROKERAGE

D L O

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. 31

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