Commercial Investor - Ontario - October 22, 2022

MAPLE STREET, DUNNVILLE

Rare 6 unit, multi-purpose, dble brick -incs 2 Comm. units & 4 Res. units. Originally constructed as church in 1870-retrofitted in 1910 bordering huge paved parking lot. 2 Comm. units offer large retail space, plank flooring & 1 bath (shared by 2 units). 865sf unfinished unit ftrs swing-style doors-minimal cost to renovate into add.rental space. Incs 1 MF 2 bedrm unit & 3 UL 2 bedrm units. All units fully rented generating $32,100 annual gross w/poss. to increase to $35,700.

ALICE STREET, WATERFORD

5,776sf Commercial/Residential building in Waterford, offers ex. visual exposure, hi-volume of traffic. Building reconstructed in 1979/80 due to Tornado damage. Full basement w/rear access. MAIN LVL-Comm. Unit-$1800 p/mnth. Rear MAIN LVL-Res. Unit-$1500 p/mnth projected income (space for poss. 2 units). 4 UPPER LVL Res. Units all units inc 4 aqua-therm furnaces, hydro/gas meters. UNIT#1-2 bedrm/$1200 p/ mnth, UNIT#2-2bedrm/715 p/mnth, UNIT#3-2 bedrm/$850 p/mnth, UNIT#4-1 bedrm/$785 p/ mnth. Rear parking for 5 cars, street parking, 4 n/g water heaters.

103 CEDAR DRIVE, TURKEY POINT

Valuable 0.33 ac Comm/Res. property boasting 63.98’ft of “Centre Stage” frontage on Turkey Point’s famous beach strip. Poss.“The Best” beach-front location in this L. Erie resort town. Established Comm. Restaurant operates as “Blue Sky Fries”offers aprx. 2000sf work area. Restaurant is leased on a year to year basis-call LS for details* Incs clean 3 bedrm winterzd home (aprx. 1000sf) sit. behind

370 CONCESSION 1 ROAD S, CAYUGA

“TURN-KEY” 28.79ac Equestrian Facility & Riding School. Currently incs 11 boarders + daily riding lessons enjoying amenities that ftr 70x170 in-door riding arena’07, 32x60 barn w/11 stalls, 34’x56’ hay barn, 9 paddocks, 60’ round-pen, 150x350 outdoor arena,18x16 conc. manure pad + pond. Cust. blt 2 stry 4 bedrm/2 bath home boasts over 2200sf of rustic themed living area.

JAMES STREET, HAMILTON

Totally reno’d multi-purpose Comm. building sit. central Mountain, hi-volume of daily vehicular/pedestrian traffic, ex. visual exposure. Incs 894sf of MF Comm./Retail area operating as est. Hair Salon (owner retiring) ftrs 5 work stations, 2 sinks, laundry station & 2pc bath. Boasts mod. frontal facade, brick side/rear walls, roof’14, front/side MF entries & rear door (w/ intercom) to 622sf open concept UL office space w/kitchenette, dinette & 2pc bath. Meets all fire separation codes, separate n/g furnaces & AC units, hydro/gas meters & asphalt side driveway w/4 dedicated parking spots.

Commercial/Residential Opportunity directly across from Haldimand War Memorial Hospital. Turnkey medical office on main floor with residential/office component on the upper 2 levels. Brick & stucco exterior & paved parking area. The interior offers approx 2386 sq ft of use specific space featuring welcoming waiting area, large reception room for staff, 4 examination rooms, 2 pc bath, kitchen, & office area. The 2nd floor residential component includes 3 beds, kitchen, 4 pc bath, & 3rd level family rm. Allows for many possible uses.

Commercial Investment Opportunity. Formerly operated as successful dairy freeze/restaurant with loyal client base, prime exposure with corner location on Rainham Road & Kohler Road. This recently renovated building offers great curb appeal with new vinyl sided exterior, newer windows, & ample parking. Renovations include 200-amp hydro panel, electrical, drywall, painting, fire suppression system, exhaust hood fan (as-is), soffit, fascia, & more. Hamlet Commercial Zoning allows for year-round operation & a variety of uses including retail store, personal services, vehicle sales, residential & home-based businesses for the ideal live/work situation.

BELMONT AVE W, KITCHENER

$1,990,000

AAA location for this spa/ physiotherapy clinic located on 2 public transit lines. Live/work space with Institutional/Residential Zoning (I-1) that allows for many professional uses. The 3,600sf building features three dedicated entrances with spa/clinic layout on lower 2 levels & a 4 bedroom residential home on upper 3 levels. Featuring gym area in basement, sauna, steam room, contrast showers, custom built soaking tub with underwater traction and so much more.MLS.

RYAN BRIGGS

at $12.00/ sq. ft.

• Close to many major businesses including Waterloo Courthouse, Conestoga College, Centre in the Square, Waterloo Region Police, CRA and many offices in the Galleria

Exclusive

REBECCA RAWLINGS 519-578-0337

Great Location for this 3 Bedroom

Handyman Special situated on a half acre lot close to the entrance of Flamboro Downs. Located just 10 minutes drive from Hamilton and 20 minutes from Cambridge this spacious home features a large detached 1,200 square foot garage with one 12 foot high and one 10 a foot high drive in door, walk out basement with potential to add an accessory apartment, attached double car garage, new oil and water tanks and furnace with a fully fenced rear yard. The house will require updating throughout and is being sold in as is where is condition. MLS. CALL RYAN BRIGGS

SOLD SOLD

416-921-1112

194 Sherbourne St, Toronto

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

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

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.

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SHORT-TERM RENTALS Know the rules

BY JACQUELINE MONETA JD WITH ASSISTANCE FROM JAYSON SCHWARZ LLM

With vacancy rates down to 1.8 per cent across Ontario, many residents are pointing fingers at short-term rental properties as the cause.

complain to the police and to the zoning of

ce of the city. As the owner, you are liable, and this could result in signi

nes or worse.

Property owners are renting out houses, rooms or entire units for short periods (less than 28 days) in growing numbers, facilitated by online platforms. So before you sign up to use, list or buy, make sure you understand the rules and regulations governing short-term rentals in your area.

ZONING

One of the things that could become very sticky, particularly if you are considering renting out a freehold lowrise, may be zoning. The renting of a house or rooms therein may be contrary to the zoning by-law where the home is located. Let’s say the party gets loud and the neighbours

Advice: You should review your municipal by-laws before you post the house online, as individual municipalities in Ontario may have differing by-laws prohibiting or limiting short-term rentals.

ISSUES IN CONDOMINIUMS

Short-term rentals can sometimes lead to problems in condo communities, as people renting condos may be disruptive to other

residents and may not follow the condo rules.

Frequent examples of disputes include:

• Renters causing issues within the building;

• Restrictions and/or prohibitions in the condo’s declaration or rules against it;

• An owner or resident was originally told they could host short-term rentals, but the board has since changed the rule;

• There is a security concern about residents sharing keys with shortterm rental tenants.

How do you avoid these issues? If you are considering using your condo for short-term rentals, you should first review your condo corporation’s declaration, by-laws, and rules. A declaration and/or rules can include conditions or restrictions on the occupation and use of the units. For

example, the declaration may say that the units can only be used for “private single-families.” In this case, owners may not be permitted to use their condo for short-term rentals.

Moreover, a recent Ontario court ruling has confirmed that condo boards can prevent owners from using their unit for short-term rentals by passing a rule.

Your condo corporation’s documents may also set out a minimum permissible rental period. For example, your condo’s documents may prohibit rental or tenancy agreements for a period shorter than six months.

BE INFORMED

Short-term rentals can be a great source of supplementary income, but before you post or list your property on a short-term rental site, make sure that you understand the rules that govern you, both through your condo

corporation and the municipality. Protect yourself by understanding how short-term rentals are addressed in your condominium corporation.

It is also important to send a letter or email about any issue to your condominium corporation. Your condo board or manager should be able to tell you how short-term rentals are handled in your condo corporation and let you know what they plan to do to address your issue.

Mail, deliver or fax letters to the magazine or to us, use the web site (schwarzlaw.ca), email (info@ schwarzlaw.ca). We will try to deal with them in print or electronic form CI

Advice: You should review your municipal by-laws before you post the house

DALIBOR

CHRIS MOSSEY

Representative

TUNDE ABIODUN Broker

ROB PIOMBINI Broker

WOODSTOCK

WATERLOO

KITCHENER

LINDSAY

WIARTON

WATERLOO

WATERLOO

CAMBRIDGE

KITCHENER

GUELPH

LIONS HEAD

Regal CorporatePlazaCentre a model of sustainability

Sustainability features include the thermal effectiveness of the building envelope with insulated window and exterior walls and roofs; mechanical energy strategies such as highefficiency mechanical systems to be specified (boilers and central plant); electrical energy saving with energyefficient light-emitting diode (LED) fixtures and occupancy sensors; and an overall building design that meets Toronto Green Standards, providing green roof and bird-friendly design to avoid bird collision to the windows. Applied through the planning approval process, the Toronto Green Standard is the city’s sustainable design and performance requirements for new private and city-owned developments.

An add-on to the existing Holiday Inn Toronto Airport East, this 335,650-sq.-ft. facility is located at 600 Dixon Rd. (at Martin Grove Road) in Toronto, minutes to Hwy. 401 and Toronto Pearson Airport. “We believe this be Toronto’s premier business address,” says Ali Akman, president of SAMM Holdings. “In addition to an ideal location, commercial, retail, restaurant, office space and hotel accommodations, Regal Plaza Corporate Centre sets a new standard for sustainability in the area. We’re very proud of the work we’re doing here.”

The new complex will consist of an 11-storey above-grade hotel/ commercial centre with two new underground parking levels. An

atrium featuring skylights, a breakfast area and lounge will connect it with the existing hotel. The atrium is an indoor courtyard with seating areas and greenery – perfect as a setting for exhibits and business presentations.

The offices will be situated on levels two, three and four and will be available in 750-sq.-ft. modules that can be combined to create larger spaces. On the ground floor, the cafe and retail area will serve tenants and guests of both hotels. More than half of the rooms in the new hotel will have a small kitchenette. On the penthouse level, a banquet hall will be available for large gatherings. It is expected that many event attendees at the nearby International Centre will stay at either of the two on-site hotels.

Regal Plaza Corporate Centre illustrates SAMM Developments’ ongoing commitment to innovative initiatives that improve local markets and economies. CI

Regal Plaza Corporate Centre, a new mixeduse business complex will feature sustainability elements reducing total energy consumption by 15 per cent less than current Ontario Building Code requirements

The Toronto Green Standard is the city’s sustainable design and performance requirements for new private and city-owned developments.

Tips for small business owners Surviving your first year

Many successful entrepreneurs can tell you that starting a business can be extremely rewarding but that it can also be stressful.

“Everyone who starts a business enters with excitement and aspirations for success and while no two businesses are the same, success can be difficult to predict,” says Kim Ulmer, regional president, RBC and former vice-president, Small Business, RBC.

“Many factors can contribute to the success of your business, but it’s important to understand that building a successful, profitable business takes patience, determination and focus.”

Ulmer offers some tips that can be applied to any new business, increasing its chance of success:

• Make a plan – Creating a business plan is essential to the survival of any business. It will help you identify your customers, your market, your competition and other important aspects of your business. It will also help you identify potential opportunities and obstacles that might not have occurred to you. As your business grows, it will serve as the yardstick against which you can measure your business performance and make sure you’re staying on the right track.

• Establish a support network

– Business owners tend to be independent-minded and are more

inclined to solve problems on their own. However, it is important to not be shy when it comes to asking for advice. You’ll be surprised how many people are willing to share industry information or serve as a sounding board for your ideas. Other people to consider for your professional network include suppliers, customers, accountants, lawyers and financial advisors.

• Be a student of your business – To be successful, your business needs to stand out among the competition. Your “unique selling proposition” may be your product or service, price, selection, or any number of things. Whatever it is, you need to understand the market, and know what your competition is doing, to ensure that whatever you are offering is more appealing to your customers than anything else out there. Research online, join industry

associations and most importantly, talk to your clients.

• Keep an eye on your cash flow – Without a clear picture of your daily sales revenue and expenses, you won’t know how much your business is making. That’s why keeping an eye on your cash flow is crucial. It’s also essential for forecasting, as your predictions and planning are based on what happened today. Over time, your forecasting will become more accurate, so you can plan for fluctuations in your business due to seasonal or economic factors. It will also help you determine how much cash you need in reserve to keep you in the black through slower periods.

For more business advice at all stages, visit:rbcadvicecentre.com/ business_advice. CI

News Canada

Opportunity for Family, Professional, or Retirement.

Residential Apartments

This property is situated on the four corners of Springbrook Ontario. 15 minutes from Campbellford which has its own hospital. The two intersecting roads connect Springbrook to Campbellford, Stirling, Marmora, and Madoc all about ten to fifteen mins in each direction. All units have fresh neutral paint, flooring, and fixtures. Updated Hydro and wiring include hard wired smoke and carbon monoxide detectors throughout the property. Property also has three garage bays and a loading dock bay. Urban Commercial Zoning allows many uses including variety store, restaurant, cafe, studio, retail shop, gallery, professional office, and residential apts. Features 88x187 foot lot and inground swimming pool, 3 four-piece and one two-piece bath. All for $599,000.