Commercial Investor - 17 Aug., 2013

August 17 - September 13, 2013 Volume 13 Issue 9

INCORPORATING FRANCHISE AND BUSINESS OPPORTUNITIES Full Coverage Area Including Windsor, Hamilton, Toronto, Niagara Falls, Kingston and Ottawa!

2913_DJW_0016

3313_DJW_7778

FREE SUBSCRIPTION!

3313_DJW_0001

3312_DJW_0124

user/investor opportunity 11 roy boulevard, brantford ON - $1,450,000 Car/truck repair facility, vehicle sales, industrial building with income. Multiple units. Total area: 12,507 sq. ft. Land: 0.90 acres. For more information, please call: William DeJong, President & Partner, Broker of Record 905.338.8877 Ext. 220 Direct: 905.730.1500 Dean Piett, Senior Vice-President, Broker 905.338.8877 Ext. 222 Direct: 905.467.1651 Coldwell Banker Commercial Integrity Real Estate Inc., Brokerage www.cbci.ca

land & building for sale or for lease 3,600 sq. ft. fully equipped restaurant with patio in fastest growing area in Hamilton.

John Paisley, Broker Midevco Commercial Realty Corporation, Brokerage 905.639.7426 Ext. 2 Email: john@midevco.com www.midevco.com

Get The Commercial Investor delivered directly to your door! See inside for details

FC_3313 (COM)

commercial space for lease 2 Main Street West, Ridgetown, ON At Main & Erie intersection. Located by student residence. High traffic area, next to Post Office, great exposure. Close proximity to Chatham.

Lesley Pitchforth Cardinal Property Management Inc. 519.436.9639 Email: lesley@cardinalproperty.ca

commercial plus apartments - downtown ridgetown Featuring 3 1-bedroom and 1 2-bedroom apartments on 2nd floor; 2 1,200 sq. ft. stores on ground floor. New wiring, plumbing, bathrooms, kitchens and appliances with 4 separate gas furnaces. Controlled entry. The 2 stores have separate hydro meters, central air conditioning and 2 gas furnaces and A/C. Potential gross income $46,440 yearly at full occupancy. Low asking price: $299,000. For Marketing Brochure contact: Winston Davies, Broker of Record WinCorp Realty Inc., Real Estate Brokerage Tel: 519.836.2080 Fax: 519.836.2081 Email: wjmdavies@rogers.com

COMMERCIAL OPPORTUNITIES

Situated along QEW corridor in Grimsby at Casablanca Blvd. 1100 sq./ft. Units starting at $264,900. Larger units available! Ideal for investors or end user. Surrounded by high density residential development with direct exposure to QEW and major anchors.

3313_DJW_5_0044

FOR LEASE

STARTING AT $10 PER SQFT. INCLUDING UTILITIES.

3313_DJW_0064

FOR SALE/LEASE

Thriving sub shop in Sutton, Ontario, just North of Toronto. Operating as Mr. Sub. Established for over 10 years. Owner retiring. Call listing agents for details.

3313_DJW_0065

FOR SALE/LEASE Direct QEW Exposure

$1.78 MILLION OR $4 PER SQFT.

$10 PER SQFT. PLUS $3 TMI/CAM

21,000 sq. ft. of prestige industrial space with 25 ft. ceilings and 3 load levelling docks. Office space component consists of 5000 sq. ft. Adjacent to the QEW corridor with easy access to the highway in Lincoln. Vacant lot next to building included for future expansion.

3313_DJW_2_0030

*HomeLife Macro Realty Inc., Independently Owned & Operated

2G

$169,900

New “Brighton Business Park” in St. Catharines. Near the new Niagara Health Centre/Hospital, Smart Centres Complex and near highway access.

Gross lease available, divisible between 1000 sqft. to 2500 sqft. for Office and Light Duty Industrial Uses.

Brokerage

COM

BUSINESS FOR SALE

Over 10,000 sqft. combined office and warehouse space, along QEW corridor in Lincoln with easy truck access, ample parking, great visibility. 2+ acre site has many possibilities to grow and expand. For sale at $2.3 Million.

3313_DJW_4_0040

Nicholas Kazan, Broker Nicolas von Bredow, Broker

905.574.3038 1.888.751.2229 www.HLCommercial.com

11268720_3313

H O M E L I F E M ACRO

*

COMMERCIAL RETAIL/OFFICE CONDOMINIUM OPPORTUNITY

905.270.8840

Roger Jain, P.Eng., CCIM, REI, FRI

Neil Jain, B.A., AMP

Broker /V.P. Commercial Division

Broker

C: 416.560.5246 / E: jain@ccim.net

C: 905.257.2579 / E: neil@bell.net

A1

RETAIL TORONTO

INDUSTRIAL - MISSISSAUGA

3313_DJW_2_0089

INDUSTRIAL - MISSISSAUGA

ASKING PRICE

$3,950,000

A3

220,000 sf. Premier precast industrial facility situated on 16-acre lot, constructed in 1997, energy efficient, solar panels on the roof, 2000 amps of power, 23 ft clear ceiling height, Serious buyers (Principal) only.

ASKING PRICE $19,580,000 B1

Fantastic Opportunity, free standing building, high traffic area.

Perfect for Investor User, ample parking.

OFFICE - TORONTO

INDUSTRIAL - MISSISSAUGA

ASKING PRICE $3,888,800

B2

3313_DJW_3_0091

$459,000

Commercial strip plaza, 10,100 sf. Building anchored by Rexall Pharmacy, close to major highway, located on a steet with high traffic, Serious buyers (Principal) only.

Well located with access to all major Highways and Public Transit, over 92,000 sf building, heavy power and existing crane, 136 parking spaces with potential to increase, Serious buyers (Principal) only.

ASKING PRICE $5,950,000 B3

3313_DJW_1_0093

3313_DJW_2_0088

OFFICE/RETAIL - HAMILTON 3313_DJW_2_0086

ASKING PRICE

16739 sf. Free standing, single user federally inspected High Tech industrial refrigerated/freezer warehouse building. 10,780 sf refrigerated space, 1102 sf freezer, 4225 sf dry warehouse, 10% office space.

ASKING PRICE $2,790,000 A2

3313_DJW_1_0132

Retail condo, recently renovated from inside, many upgrades, great location, tenant in place, also available vacant possession, near York University.

3313_DJW_1_0088

RETAIL - TORONTO 3313_DJW_2_0091

INDUSTRIAL - MILTON 3313_DJW_1_0087

RETAIL CONDO

®

OFFICE BLDG - TORONTO

INDUSTRIAL/OFFICE - MISSISSAUGA

COMMERCIAL CONDO - MISSISSAUGA 3313_DJW_2_0092

In heart of downtown Hamilton. 30,000 sf. building with retail on the main floor. Fully tenanted. Office space on 2nd and 3rd floor for renovation. Good project with low cost of approx. $50/ sf. Call for details.

ASKING PRICE $1,595,000 C3

3313_DJW_3_0089

Approximately 35,000 sf. Free-standing building, Good shipping, 18’ clear ceiling height, Approximately 8% office space, Good opportunity for end-user or investor, Serious buyers (Principal) only.

ASKING PRICE $3,825,000 C2

3313_DJW_2_0087

Over 11,800 sf, fully renovated freestanding building, two storey, potentially be leased separately making this a great owner/ investor opportunity. Immediate access to 400 series hwys, Airport and International Center.

ASKING PRICE $1,950,000 C1

Zoned for retail, office, banquet hall, and many more. Call for details.

12,000 sf, freestanding bldg., lots of parking, 90% building air conditioned (office), industrial radiant heating, a church sanctuary tastefully decorated and diligently maintained.

4234 sf very efficient condo unit, operating as mechanical and body shop, price includes Goodwill, all equipment. Close to Hwy 410, 401 & 407.

ASKING PRICE $13,950,000

ASKING PRICE $2,500,000

ASKING PRICE $845,000

D1

DEVELOPMENT PROJECTS - St. Catharines, mixed-use, 3 stores, 13 apts, opposite to Brock University, Opening 2014.

ASKING

D2

BUSINESSES FOR SALE

$1,150,000

- Elliot Lake, Mixed-Use. Retail/Office/Apt., 2 storey, 3,500 sf.

ASKING $1,095,000

E1

- Shell with Tim Hortons. Profitable. Net income approx. $600K. - Petro Canada. Profitable. Net income approx. $500K. - Sports Bar Triple ”A” Franchise. Busy intersection.

ASKING

$1.2

D3

U.S. PROPERTIES

MILLION

- Williams Fresh Café with Yogurty’s franchises in ASKING $495K Burlington plaza.

- Kelsey’s in Toronto. Serious buyers only.

CALL FOR DETAILS

E2

- Florida: Strip centre anchored by Trust Bank.

ASKING

$4.5

MILLION

- Florida: Fort Myers, Cap rate 8%. Fully Occupied.

ASKING

$1,536,000

- Florida, Fort Lauderdale, 4,000 sf free standing.

ASKING

$595,000

- San Diego, Cap rate 7.25%. Rare Opportunity.

ASKING

$1,497,500 E3

11270998_3313

3G

COM

Mike Mullin SALES REPRESENTATIVE

RCR Realty, Brokerage

Office: 519.941.5151 Toll Free: 800.268.2455

Independently Owned & Operated

75 First Street | Suite 14 Orangeville, ON L9W 2E7

mike@orangevillecommercial.com www.orangevillecommercial.com

$35,000

8000 SQ. FT BUILDING ON 2 ACRES MAIN ST W SHELBURNE ONTARIO

I SCREAM FOR ICE CREAM (BUSINESS FOR SALE) BROADWAY ORANGEVILLE ONTARIO

3 br home with a thriving, well established business. The home is attached to the business which features approx 980 sq ft of retail space, office, storage & 2 W/I coolers.

Includes 3 ton and 5 ton delivery trucks, 24 ft produce counter, 12 ft dairy counter, 8 ft enclosed freezer, 2400 sq ft garden canopy and much, much more. Own your own

Solid 8000 sq ft building on 2 acres with great logistical location to major centers in Southern Ontario. Building is currently demised as showroom, office and warehouse, can be easily reconfigured. Ample parking for cars, buses or trailers. Great location. One hour to GTA, 20 minutes to Alliston & 40 minutes to Barrie. Zoning is special commercial C4 zone. MLS #X2654240

Fabulous business ownership opportunity in Orangeville’s growing West End. A well established ice cream and sweet shop. Strategically located in an area with approximately 300 new homes being built. Other anchor tenants include: Shoppers Drug Mart, RBC and Subway.

Great opportunity to be your own boss. A complete list of inclusions is available. MLS #W2574316.

& $15.00

FOR LEASE $15.00

3313_DJW_0008

FOR SALE/LEASE: $12.00

3313_DJW_0005

3313_DJW_0006

FOR LEASE: $16.00

NEW BUILDING CENTENNIAL RD ORANGEVILLE ONTARIO

PRIME DOWNTOWN LOCATION BROADWAY ORANGEVILLE ONTARIO

3 UNITS AVAILABLE RIDDELL ROAD ORANGEVILLE ONTARIO

Welcome to Westside Business Centre. New building in The Heart of Growing Commercial Sector of Orangeville.

Your neighbours will include Tim Hortons, Scotia Bank, Dairy Queen, Master Mechanic, Pro Oil and Sears. Currenty 28,120 sq. feet available. TMI is estimated at $7.13/ sq ft. Lots of parking. Landlord will divide into unit(s) from 1800 sq. ft. to suit your needs. MLS #W2526471

Fabulous opportunity to lease space currently occupied

by County of Dufferin. Approximately 12,000 sq ft of prestige office space in the Downtown Core of Orangeville. Space may be demised to specific tenant needs. Current zoning is CBD (Central Business District) which allows for multiple uses.

New professional building located in The West of Orangeville.

M1 zoning for multiple uses. 3 units available. Prime location off Riddell Road in a growing area. Located 20 minutes to Brampton, 45 minutes to Pearson, less than an hour to Toronto.

Call isting agent regarding tenant allowances for leasehold incentives. Bathrooms roughed in. Landlord will provide lease.

Roof top HVAC. TMI is estimated at 5.00/sq ft. MLS #W2655086

MLS #W2519149 & W2519118

FOR SALE/LEASE $3.95

3313_DJW_0009

FOR SALE/LEASE: $10.00

3313_DJW_0002

3313_DJW_0010

FOR LEASE $10.00

PRIME DOWNTOWN LOCATION BROADWAY ORANGEVILLE ONTARIO

HIGHWAY EXPOSURE FIRST STREET ORANGEVILLE ONTARIO

31,500 SQ FT OF INDUSTRIAL SPACE CENTENNIAL ROAD ORANGEVILLE ONTARIO

Prime location for retail or office space on Broadway in The Downtown Core of Orangeville. Ideal location for high traffic and exposure for your business. Currently set up with reception area, 3 offices, 1 boardroom, bathroom, lunchroom and basement available for storage. Renovate to suit your specific needs. MLS

Modern energy efficient building!! Approx 17750 sq ft on main level with approx 12000 sq ft on second level.

22’ ceilings in front portion of building, 11’ ceilings in balance of building. 2 truck loading docks and 4 drive in bays. High profit location. Neighbouring properties include Orangeville Mall, Wal-Mart and Canadian Tire.

C3 zoning allows for multi uses. W2487453 & W2487458.

31,500 sq ft Industrial Building situated on a 4.18 acre lot in an Industrial Park a short distance from Commercial and Residential uses, just South of the main route of Broadway, within the Town of Orangeville. Industrial manufacturing/warehouse building.

Designed to accommodate 3 tenants. Residential dwellings and an elementary school to the South, Commercial uses to the North and East, and industrial uses to the West. W2575437 & W2649869

#W2554635

4G

FOR SALE

SHELBURNE FRESH VARIETY OWEN SOUND ST SHELBURNE ONTARIO

business and work from home. MLS #X2502864.

COM

$475,000

3313_DJW_0007

FOR SALE: REDUCED

3313_DJW_0004

3313_DJW_0003

FOR SALE: $595,000

11277949_3313

Volume 13 Issue 09

1

Commercial Real Estate & Business Opportunities

Featuring the best selection in industrial, commercial and investment opportunities REAd By OvER 100,000 BuSiNESS REAdERS!

index Kitchener, Waterloo & Guelph . . . . . . . 4 Southwestern Ontario . . . . . . . . . . . . 12 Hamilton . . . . . . . . . . . . . . . . . . . . . 22 Greater Toronto Area . . . . . . . . . . . . . 35 Central Ontario . . . . . . . . . . . . . . . . . 56 Eastern Ontario. . . . . . . . . . . . . . . . . 60 Niagara . . . . . . . . . . . . . . . . . . . . . . 65 Business Opportunities . . . . . . . . . . . 70

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2

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

special features 10 BUSINESS SMARTS — Top 5 social media tips for small businesses 14 MARKET TREND — GTA commercial Realtors report commercial market figures 16 MONEY SMARTS — Break free of investing costs 28 IN THE NEWS — Canadian companies more focused on critical tax risk management

10

32 IN THE NEWS — Small businesses give Competition Bureau decision on Interac a thumbs up 41 BUSINESS SMARTS — Finding ways to attract and retain top talent 44 IN THE NEWS — New record high for commercial real estate investment sales in Greater Toronto Area 55 IN THE NEWS — CFIB disappointed with Competition Tribunal ruling on Visa and MasterCard practices

16G

58 IN THE NEWS — Tips when choosing a group insurance plan for your small business 62 IN THE NEWS — Second Quarter market trends defy suggestions of housing bubbles

Glossy Section Editorial 14G LEGALLY SPEAKING — Rental Applications - When can landlords retain deposits?

By Jayson Schwarz and Konstantine Chatzidimos

16G BUSINESS BAROMETER — Small business confidence sees big increase in July

44 Please say you saw it in The Commercial Investor

Volume 13 Issue 09

3

Commercial Real Estate & Business Opportunities

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4

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Featuring the Best Selection in Industrial, Commercial and Investment Opportunities

Kitchener, Waterloo & Guelph section COverIng: Cambridge • Durham • Elora • Fergus • Guelph • Kitchener • Waterloo For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor

5

Commercial Real Estate & Business Opportunities

519-745-7000

Unit 15C, 370 Highland Road West, Kitchener, ON N2M 5J9

Mike Milovick B.B.A., Sales Representative

CI@TeamMilovick.com

fax: 519-489-1333

8302191_3313

Grand Valley Realty BROKERAGE INDEPENDENTLY OWNED AND OPERATED

Royal LePage

www.TeamMilovick.com

Invest in Ontario’s Number 1 Town Today!

Subscribe: Latest KWC Real Estate News: www.FaceBook.com/TeamMilovick

D L O S

34 BRIDGEPORT ROAD EAST, WATERLOO

253-255 ALBERT STREET, WATERLOO

• Purpose Built, Stunning Building • 8 Residential Units, 2 Commercial Units • Tremendous Location: 97 Walk Score - Walker’s Paradise • 5.69% Cap • MLS® 2513_DJW_1_0035

• New Northdale Mixed Use Zoning • 82 Bed • Re-Development Potential • Steps to WLU • Over 1/3 of an Acre • MLS®

2,600,000

$

317 SPRUCE STREET, WATERLOO

$

1,189,000

335 WAYDOM DRIVE, AYR

2513_DJW_2_0007

164 HERBERT STREET WATERLOO

D L O S 1,050,000

619,000

$

529,900

$

• $92,000+ Gross Annual Income • 6.19% Cap • Legal, 15 Student, Rental Licensed Triplex • 9.49% Cash on Cash • MLS® 2513_DJW_1_0029

$

• 2.6 Acres of Industrial Zoned Land • Highway 401 Exposure • MLS®

• Flexible Z9, Z11 zoning • Generous Lot Coverage Allowance 2513_DJW_1_0011

191 CEDARBRAE AVENUE, WATERLOO

• $51,300 Potential Gross Income • 6.37% Cap Rate • MLS®

• 9-(5+4) Student, Rental Licensed Opportunity • 10.33 Cash on Cash Return

2513_DJW_1_0036

558B BROOKHAVEN DRIVE, WATERLOO

D L O S 325,000

419,000

$

• House with registered accessory.

• Opportunity to set own rents.

294,900

$

• Ideal 3+2 lay out • Freehold - no condo fees • MLS 2513_DJW_0107

41 INDIANA DRIVE, KITCHENER

• $41,000 Potential Gross Income • Recent updates to Main Unit • MLS®

239,900

$

• Student Recognizable Street • Legal 8 (5+3) student Opportunity

2513_DJW_1_0038

18-12 BRIDGEPORT ROAD EAST, WATERLOO

D L SO • Legal, Non-conforming Duplex • Easy Walk to Vibrant Kitchener Downtown • $1525 Monthly Income • Over $25K in recent updates/improvements • MLS® 2513_DJW_1_0157

$

• $2375 Monthly Gross Income • $4300 + Annual Cash Flow • MLS®

• Re-rented for September, 2013!

• 5.53% Cap 2513_DJW_1_0037

1-455 ALBERT STREET, WATERLOO

D L SO 237,000

214,900

$

• $1500+ Per Month Income • Oversized Bedrooms • MLS®

$

• 100% Student Occupied Complex • Uptown Location, Easy Walk to Universities 2513_DJW_4_0044

Please say you saw it in The Commercial Investor

• Super Entry Level Opportunity • City Rental License Approved • MLS®

• $1500 + Monthly Income • Re-rented unit at least August, 2014 2513_DJW_2_0040

Kitchener/Waterloo Guelph & Cambridge

Volume 13 Issue 09

6

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

Kitchener/Waterloo Guelph & Cambridge

Whitney & Company Realty Ltd., Brokerage

INVESTMENT OPPORTUNITIES 276 EIWO COURT, WATERLOO

28 ELGIN STREET, WATERLOO

• 23 unit apartment building (1,2 & 3 bedrooms) • Currently operated as registered condo corp • Units separately metered MLS • $3,675,000 2513_DJW_1_0020

89-103 MAIN STREET, CAMBRIDGE

• 33,218 sq. ft. office building • Fully occupied • Possible conversion • Reduced $1,500,000

2513_DJW_2_0097

• Nicely finished, open concept, office space • High profile location with ample on site parking • 10,000 to 25,471 sq. ft. available MLS • $5,250,000/$17.50 per sq ft net 2513_DJW_0057

MLS 2513_DJW_1_0022

• Redevelopment opportunity • 25,250 sq ft on 1.19 acres • Zoned for high density development • $2,295,000

• 18 unit apartment building • Bach, 1 & 2 bedroom suites • Solid construction, brick exterior

MLS 2513_DJW_2_0025

MLS 2513_DJW_2_0137

KOSSUTH ROAD, CAMBRIDGE

MLS 2513_DJW_1_0023

• 25.5 acres • Future development potential • Easily access to Kitchener, Cambridge, Guelph MLS • $559,900 2513_DJW_2_0024

105 OAK PARK DRIVE, WATERLOO

• 1,464 to 2,982 sq. ft. office/retail • New building - Occupancy September 2013 • Patio space available with end units • $20.00/sq ft net

MLS 2513_DJW_0056

380 ERB STREET, WATERLOO

1015-1051 KING ST E KITCHENER

27 RIVERVIEW PLACE, KITCHENER

• 3.63 acres industrial land • In prestigious Grand River Business Park • Located just off Victoria St. N, Kitchener • $671,550 ($185,000 per acre)

MLS 2513_DJW_0099

• 23 unit apartment building (1 & 2 bedrooms) • Solid construction, brick exterior, balconies • Great Waterloo location.

• $2,489,000

3065 KING STREET EAST, KITCHENER

895 WILSON ROAD, KITCHENER

• 14,400 sq ft warehouse/office space • 2 drive-ins & 1 dock level loading • 16’ 20’ ceilings; 800 amp service • $5.95 per sq. ft net

• 17 units, 48 beds • 1 bach, 1-2 bedroom, 15 - 3 bedroom • Presently rented as a student housing • $3,355,200

475 PARKSIDE DRIVE, WATERLOO

305 KING ST. W., KITCHENER

MLS 2513_DJW_2_0029

• Office suites from 1,000 to 30,000 sq. ft.

• Recently renovated • Underground/surface/off-site parking • From $7.95 sq ft net

MLS 2513_DJW_2_0030

8157182_3313

John Markou, Sales Representative john.markou@whitneyre.com Ext 242

Christopher Coupal, Broker, CCIM christopher.coupal@whitneyre.com Ext 238

519-746-6300

James Craig, Sales Representative james.craig@whitneyre.com Ext 259 Although the information contained within is from sources believed to be reliable no warranty or representation is made to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. Whitney & Company Realty Ltd., Brokerage.

Please say you saw it in The Commercial Investor

Volume 13 Issue 09

7 Kitchener/Waterloo Guelph & Cambridge

Commercial Real Estate & Business Opportunities

Whitney & Company Realty Ltd., Brokerage

LEASING OPPORTUNITIES 2513_DJW_1_0026

1,381 sf turnkey office ready for occupancy High traffic location & University & Weber Sts Free onsite parking $25.00 per sq ft net MLS

• • • •

• • • •

• 1,049 sq. ft. retail/office space • Great exposure on roundabout • Ample, free on-site parking • $19.95 psf net MLS

150 WISSLER RD # 1, WATERLOO

4396 KING ST. E., KITCHENER

2513_DJW_3_0035

2913_DJW_2_0028

92 KING ST. S., WATERLOO

820 - 9,605 sq. ft. retail/industrial units New owner - improving property Great access to Hwys 7, 8 & 85 From $6.00 per sq ft MLS

Great open concept 2nd floor space Own private entrance Located in heart of uptown Waterloo 2,032 to 4,065 sq ft MLS

2513_DJW_0059

• • • •

260 DOON SOUTH, # 8, KITCHENER 2913_DJW_0019

1595-1601 VICTORIA ST. N. KITCHENER 2513_DJW_0058

65 UNIVERSITY AVE #10, WATERLOO

• High profile 2,000 sq ft corner unit • Suitable for office, retail, restaurant • Ample on-site parking • Lease 16.95 per sq ft net MLS

11274704_3313

James Craig, Sales Representative james.craig@whitneyre.com Ext 259

• 1,968 sq ft. retail/office available immediately • Plaza is located on high traffic corner • Join Tim Horton’s, 2001 Audio, Subway, etc • Asking $16.95 per sq ft net

Matthew Dickson Sales Representative matthew.dickson@whitneyre.com

519-746-6300

Ext 261

Although the information contained within is from sources believed to be reliable, no warranty or representation is made to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. Whitney & Company Realty Ltd., Brokerage.

The Cliff Rego Diamond Award Winning Team: • P l a c e d To p 2 0 i n C a n a d a * • To p 1 % i n t h e w o r l d f o r R E / M A X * * • Sales over $137 Million in 2011 and 2012 combined

Cliff Rego

*RE/MAX International Statistics 2012 **For markets with population of 50,000 to 150,000

Broker

519.740.7222

519.623.6200

Each office independently Owned and Operated

11269765_3313

$5.00/SQ. FT. High visibility - extensive traffic exposure. Quick & easy access to major roadways.

Zoning permits office, warehouse, wholesale, vehicle sales & service, etc. Norfield

$549,000

3313_DJW_1_0772

3313_DJW_2_0056

3313_DJW_1_0112

$675,000

Excellent investment opportunity! Extensive pedestrian and vehicle exposure for commercial section. 5 upper apartments plus over 5000 sq ft of vacant commercial space. Commercial area could be divided into 3 separate areas, including a store-front section. There are 3 separate meters, furnaces, A/C. 5 apartments, 2 1- bedroom, 3 2- bedroom, separately metered, tenants pay utilities. Income = $36,000/year. King

Real Estate Centre Inc. Brokerage

3313_DJW_1_0055

3313_DJW_1_0021

$799,000 Good traffic exposure. Long building set-back. Variety store, 3 bedroom bungalow & auxiliary building. Situated on 1.9 acres. MLS 1391689

Rick Wyatt

Sales Representative

Development potential. Unique & gorgeous! Great investment opportunity!

2 beautiful & spacious 4 bedroom attached homes, plus a large 2 bedroom legal in-law apartment. 3 incomes with over $37,000 net. MLS 1321940

Please say you saw it in The Commercial Investor

$399,000

Super commercial zone change opportunity. Busy, busy traffic exposure directly on main artery. Loads of parking. Currently zoned residential. MLS 1392002

8

Commercial Real Estate & Business Opportunities

Kitchener/Waterloo Guelph & Cambridge 8331512_3313

Please say you saw it in The Commercial Investor

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

9 Kitchener/Waterloo Guelph & Cambridge

Volume 13 Issue 09

8171433_3313

Please say you saw it in The Commercial Investor

10 businesssmarts

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Top 5 social media tips for small businesses

L

imited by time and resources, Canadian small business owners often

view having a presence on social media channels as a daunting task. However, with over 18 million Canadians on Facebook alone, setting up a page for your business is a simple and cost effective way to be more

• Find the right audience: When sharing a post, make sure you’re targeting the right people. Select the target on the right side of your post to determine the audience. You will be able to target the post according to several criteria including age, gender and location. Do you own a local floral shop? Use Facebook’s targeting option to drive increased traffic around Valentine’s Day by targeting people who are in a relationship in your city.

• Timing is everything: Schedule your posts for the time of day and day of the week when the majority of your users are on social media. The time will vary depending on your business, and you can test to find out what works best for your customers. If your business tends to be busier on the weekends, try scheduling a post on Thursday or Friday to promote your weekend sales.

See more marketing tips and success stories from fellow business owners at facebook.com/business.

discoverable, build relationships with new and existing customers, and drive in-store or online sales.

Here are five easy steps to amplify your social presence and help grow your business: • Say more with less: When posting Facebook content, keep updates to 90 characters or less.

People are more likely to browse short updates, so it’s no surprise that posts following this rule see 60 per cent more engagement.

• A picture says a thousand words: Engage fans visually by using photos. If you’re stuck on a subject, try snapping pictures of your latest products or personalize the page with pictures of yourself and your workplace. Posts with images receive more engagement than those without.

• Be searchable: Make sure your company’s address, phone number and hours are up to date on social media. As more Canadians start using Graph Search, a product that enables people to find information through the filter of their friends, having relevant and up-to-date information on your page will help your business be more discoverable.

Please say you saw it in The Commercial Investor

NC

Volume 13 Issue 09

11 Kitchener/Waterloo Guelph & Cambridge

Commercial Real Estate & Business Opportunities

11277227_3313

TeAm AmiT Airi

Amit Airi

FULL SERVICE - RESIDENTIAL COMMERCIAL & INVESTMENT

Broker, B. Science, D. Pharmacy

Off:

519.623.6200

te a m a m i t a i ri @ g m a i l . c o m BrAnd new Building 18 stacked town houses, geared towards students. Building has 78 rooms and 42 bathrooms. Free cable and WIFI to each individual room and building is 100% carpet free! Expected completion August 2013. An excellent investment property, close to Conestogo College, Kitchener.

Please Call for details!

$5,700,000

BUSINESSES FOR SALE Five Piza Stores 50,000 - $250,000 Four Restaurants $ 109,000 - $399,900 Three Laundromats $ 69,000 - $169,000 Taxi Plates & Companies $ 99,000 - $450,000 Financials available for qualified buyers Please call Amit for details! $

RE/MAX Real Estate Centre Inc., Brokerage 766 Hespeler Road Cambridge, ON N3H 5L8 Independently Owned & Operated

|

W W W. A M I TA I R I . C O M

8148789_3313

COMMERCIAL PROPERTIES inSTiTuTiOnAl ZOning $649,900 A Rare Find Institutional Zoned Property Currently Used As Place Of Worship in Very Good Condition, It Has Fully Finished Bsmt W/Kitchenette & Big Hall. Property Size Approx 2 Acre (582.95 Ft Frontage). Lot Of Parking, Zoning Allows Many Uses. Close To 401. mlS # 1390706

reSidenTiAl & COmmerCiAl $369,900 Property with 80x160’ lot recently renovated, over $80,000 spent. Potential for $2800/month rent Please Call For Details. mlS # 1391488

43 PleX Building $2,100,000 42 Unit apartment building. Great cap rate, in a fast growing town! Call For Info! mlS exclusive

STriP PlAZA $774,900 Excellent investment opportunity! Commercial and residential mix. Commercial plaza consisting of 3 commercial stores, four apartments and single detached house. Assessment of 208 Samuelson is $184,250 and assessment for 210 Samuelson is $354,500. Taxes are combined for both properties. mlS # 1390706

10 inVeSTmenT PrOPerTieS $250,000 - $450,000 Newer homes, rented at a great price. Properties range from $250,000-$450,000. Available for purchase individually or buy whole corporation of 10 properties. Great rent to purchase ratio, in strong, stable market with reasonable growth.

Please say you saw it in The Commercial Investor

12

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Featuring the Best Selection in Industrial, Commercial and Investment Opportunities

SouthweStern ontario section

COverIng: Brantford • Chatham • Grey & Bruce Counties • Ingersoll • London • Owen Sound • Sarnia • Simcoe • Stratford • St. Thomas • Tillsonburg • Windsor • Woodstock For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor

Volume 13 Issue 09

13

Commercial Real Estate & Business Opportunities 11278034_3313

Sutton - Huron Shores Realty Inc. Brokerage 19 Albert St. S, Southampton 519-797-1007 | 1-888-727-1007 COMMERCIAL CORE

Brian Shular

Doug Freiburger

Broker of Record

Sales Representative

INVESTMENT INCOME

576 Gustavus St., Port Elgin. Steps off the Main Street. Currently a home based office. MLS # 411046000423400 410 Elgin St., Port Elgin. 4 unit rental property. Located in a Prime Tourist area. MLS #411046000323500 3313_DJW_0054

3313_DJW_0053

36 ACRES OF PRIME RESIDENTIAL DEVELOPMENT LAND

PERFECTLY LOCATED 15 UNIT MOTEL

Part lot 46 Highland St., Port Elgin. Steps to school, parks & beach.

Surrounding property currently being developed. MLS #4110044000609200

21 Huron St. S., Southampton. A Stone’s throw from the main beach.

Located in a Prime Tourist Destination. 1,400 sq. ft. Owners apartment 3313_DJW_0056 w/gas fireplaces. MLS # 411048000232000

3313_DJW_0055

PRIME DOWNTOWN CORE

UNIQUE BUILDING W/MANY POSSIBILITIES

608 Goderich St., Port Elgin. Newly renovated restaurant.

Previously lincenses upstairs & patio.

Shows like new. MLS #411046000401600

3313_DJW_0057

290 North Rankin St., Southampton. Separate Commercial & Residential sides. Previously a Chiro Office/Lease option also. Ideal home based 3313_DJW_0058 Office/Business. MLS # 411048000411600

WELL LOCATED LANDMARK

PRIME HWY COMMERCIAL LOCATION

154 High St., Southampton. Main floor/long term tenant Canada Post. Upper/2 rental apartments. 1 block from the main beach. MLS # 3313_DJW_0059 411048000305500

872 10th St. W. & 884 10th St. W., Owen Sound. Last property on the West side w/full services. Zoning allows for many uses. MLS # 3313_DJW_0060 425902001210300, MLS # 425902001210200

Please say you saw it in The Commercial Investor

Southwest Ontario

Independently Owned and Operated

14 markettrend

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

GTA commercial Realtors report commercial market figures

T

oronto Real Estate Board Commercial Division Members reported 681,000 square feet of

combined industrial, commercial/retail and office space leased through the TorontoMLS system in July (space leased on a per square foot net basis for which pricing was disclosed). This result, which was driven by the industrial market segment, was 55 per cent higher compared to July 2012.

Year-over-year growth in average lease rates reported on a per square foot net basis was mixed in July. Average industrial and office lease rates were down compared to last year, whereas the average commercial/retail lease rate was up.

“The July leasing numbers were a very good start to the third quarter and it is especially encouraging to see the industrial

market segment leading the way. According to the Bank of Canada’s latest Business Outlook Survey, firms are expecting to increase their capital expenditures and employment levels over the next year. In many cases, this should translate into increased demand for space moving forward as well,” said TREB Commercial Division Chair Cynthia Lai. There were a total of 50 industrial, commercial/retail and office sales reported through the TorontoMLS system in July for which pricing was disclosed. This sales result was down by 12 per cent compared to July 2012. While industrial property sales were down on a yearover-year basis, commercial/retail and office sales were up.

Average selling prices per square foot were down for industrial properties and up substantially for commercial/retail and office properties. Much of the change in average selling prices per square foot was due to changes in the type and location of property sold this past July compared to July 2012.

“A pick-up in leasing transactions moving forward would likely point to an increase in sales in some segments of the commercial real estate market as well. Businesses preferring to own their premises and investors seeking quality long-term returns on investment would be the foundation for this sales growth,” continued Ms. Lai.

July 2013: Per Square Foot Net Commercial Leasing Summary Lease Transactions Completed on a Per Square Foot Net Basis with Pricing Disclosed on TorontoMLS Average Lease Rate

Leased Square Feet

July 2013

July 2012

% change

Industrial

$4.68

$4.97

-5.7%

-36.1%

Commercial

$21.73

$15.94

36.3%

36,936

46.6%

Office

$11.64

$12.11

-3.8%

438,337

54.4%

July 2013

July 2012

% change

Industrial

594,980

351,575

69.2%

Commercial

31,863

49,826

Office

54,156

Total

680,999

Source: TREB Commercial Division

July 2013: Commercial Sales Completed with Pricing Disclosed on TorontoMLS Sales (Price Disclosed) Industrial

Average Sale Price per sq. ft. (pricing disclosed)

July 2013

July 2012

% change

July 2013

July 2012

% change

15

25

-40.0%

Industrial

$83.31

$101.05

-17.6%

10.0%

Commercial

$276.67

$182.53

51.6%

Office

$234.97

$90.28

160.3%

Commercial

22

20

Office

13

12

8.3%

Total

50

57

-12.3%

Source: TREB Commercial Division Greater Toronto Realtors are passionate about their work. They adhere to a strict Code of Ethics and share a state-of-the-art Multiple Listing Service.

Serving over 37,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board. Greater Toronto Area open house listings are available on www.TorontoRealEstateBoard.com

Please say you saw it in The Commercial Investor

Volume 13 Issue 09

15

Southwest Ontario

Commercial Real Estate & Business Opportunities

10934902_3313

George Gicopoulos

Sales Representative

Royal LePage Triland Realty, Brokerage*

Magnificent building, circa 1889 with it's impressive architecture and Clock Tower towering over the middle of Town.This historic building houses the impressive, upscale 'Clock Tower Inn' with 8 recently and completely renovated suites, plus the successful 'Strathroy Ale House' Pub/Restaurant with an excellent patio. Sale of 'property only' or 'business only' will also be considered with option on the property.

*Independently Owned and Operated 8155109_3313

3313_DJW_0089

STRATHROY - $895,000

CHATHAM RESTAURANT BUSINESS + PROPERTY - $289,000 GRAND BEND BAR & GRILL + PROPERTY - $320,000

Located on a busy intersection in Chatham, this 2,000 sq ft building housing a Family Restaurant is licensed for 80 and has paved parking for approx 20 cars. Great location. Turnk-key operation. Short hours. Call George for complete details.

Well known Bar & Grill licnesed for 44. Steady, loyal clientele. Main floor Bar & Grill with one bedroom second floor apartment. Year round business which excels in the summer months.

Paved parking. Call George for details. 3313_DJW_0090

DOWNTOWN WOODSTOCK BUILDING $389,900

3313_DJW_0091

3313_DJW_2_0032

Office: 519.672.9881 Direct: 519.672.9891 ext 241 ggicopoulos@royallepagecommercial.com www.georgegicopoulos.com www.royallepagecommercial.com

COOKHOUSE BUSINESS FOR SALE - $325,000

Truly a money maker! Licensed on patio for 40 and 90 inside with approx 3000 sq ft of space. Plenty of parking.

Easy access with great visibility. Located in the expanding part of Aylmer where all the new development is.

Well maintained, recently renovated property in vibrant downtown Woodstock. Upper level 2800 sq ft for lease and may be divided. Main floor and lower level tenant since 2005. Ideal scenario for owner/user of the upper levels with a great Tenant on the main floor and basement. Roof replaced about 5 years ago. Call George for details.

3313_DJW_0092

SARNIA STEAKHOUSE RESTAURANT W/PROPERTY - $1,195,000 Property and Business or Business only! Great business, short hours, 11:00 a.m. to 10:00 p.m. Great opportunity for the Entrepreneur.

Good business, 6,000 sq. ft. building on 1.3 acre commercial parcel with room for expansion or re-development. Licensed for 210 inside and 70 on the patio. Located close to the Bluewater Bridge.

Great visibility. Call George for details.

3313_DJW_0093

Please say you saw it in The Commercial Investor

16

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Sarnia Realty Inc.,Brokerage

Patrica Harkins

Broker

pat.harkins@remax-sarnia-on.com

Southwest Ontario

(519) 542-9999 VACANT LOTS LOCATED IN THE NORTHERN BRUCE PENINSULA

$129,900

MLS#201257094

Saddler Creek Rd., waterfront acreage 4plus ready to build, can create lots within lots. Property located on Lake Huron. Vendor will help finance.

$49,900

MLS#201257096

Saddler Creek Rd. with lake front access, 4plus acres, overlooking Lake Huron. Vendor will help finance.

$29,900

MLS#201257093

Stokes Bay - Across from Deep Harbour, ready to build $29,900. Vendor will help finance.

$29,900 - $39,900

11255546_3313

MLS#201362520 - $29,900 MLS#201362532 - $39,900

Georgian Bay - Lots starting at $29,900 - $39,900 located on the escarpment.

All lots ready to build, located on the escarpment, near the favour BRUCE TRAIL and overlooking GEORGIAN BAY

Contact Patricia Harkins @ Re/Max 519-542-9999 or email direct to pharkins@cogeco.ca

11278065_3313

moneysmarts

T

Break free of investing costs

here are many different investment options available to help you reach your financial goals. It is important to understand the

costs involved and how those costs affect your investments. Not all investments have the same fee structure and some may impact your return more than others.

“When it comes to your investments, it is important to be aware of the associated costs”, says Jason Round head of Financial Planning Support at RBC Financial Planning.“The less you pay for your investments, the more you keep, making the cost of investing something you should try to minimize.”

When thinking of mutual funds, Round highlights three costs to look for:

• Management Expense Ratio (MER) – is the total of the management fee, administration fee and GST/HST charged to a mutual fund each year. All mutual funds have an MER. • Sales commissions – some mutual funds charge a ‘load’, or one-time fee paid to an advisors’ firm for selling a mutual fund. The load might be charged when you buy the fund, or when you sell it. Most mutual funds offered by banks do not have load charges.

• Short-term trading fees – mutual funds intended for long-term investing typically charge fees if units are redeemed within a short time period. The proceeds go directly to the fund.

“We encourage clients to ask questions about exit fees, disclosure, total costs of ownership, fees for financial planning services and commissions – the more you know, the better informed you will be about your investments,” added Round.

For more information, visit: rbcroyalbank.com/products/mutual-funds/index.html NC

Please say you saw it in The Commercial Investor

17

Land Exchange Ltd. Brokerage Independently Owned and Operated Hanover, Ontario (519) 364-4747 Email: edwinhotchkiss@gmail.com

PINHEIRO REALTY & INS. LTD

8847751_3313

9534496_3313

Commercial Real Estate & Business Opportunities 696 Hamilton Rd., LONDON, Ontario

519-451-2696

Ed Hotchkiss Broker

Cell 519-387-3394 Toll Free 1-877-506-7070

Kris Romnes Sales Rep

COMMERCIAL OFFICES/ WORKSHOP SALE $379,900 OR LEASE $2,000 Property includes 1,200 s/f of Office sp. with meeting rms, c/air, 1,000 s/f shop + attached garage. Ideal for Insurance, Medical, Real Estate. 1 min. to downtown. Call JOE!

3313_DJW_0018

BUSINESSES FOR SALE IN WALKERTON

Joe Pinheiro

Broker of Record

3313_DJW_1_5001

VILLAGE SALON $39,900 Upscale salon in fabulous ‘Old South’ location. Owner operated for 20+ years with a large list of regular clientele. Turn key operation - with 9 hair stations, 3 washing stations & esthetics room! Call Kris.

Re-opening opportunities in this historic hotel in downtown Walkerton. High traffic location with ample parking.

RESTAURANT BUSINESS: includes a well-equipped kitchen & dining area with capacity for 154.

Business - $150,000 Lease - $3,000/month (gross)

3313_DJW_0039

COMMERCIAL/RESIDENTIAL Great value, 2,000 s/f building with office/reception & warehouse space + 2 bdrm home and 800 s/f coverall building. Many updates. Asking $279,900 or Lease Commercial Space for $2,000 Inclusive!

Call JOE!

BAR BUSINESS: capacity for 160 including main lounge & private rooms.

Business - $100,000 Lease - $1,800/month (gross) RETAIL SPACE: 700 sf occupying a prominent position at the corner of the building & including a front window display area.

Lease - $1,000/month (gross)

Don Patchett Sales Representative

David Hilderley Brian Keeping Joan Hutchins Sales Representative Sales Representative Sales Representative 519.537.1469 Cell: 519.421.8911 519.533.7856 www.DavidHilderley.com 519.535.0381 www.DonPatchett.com david.hilderley@centrury21.ca Realestatelady21@rogers.com

Business is at a Crossroads...

It’s called Woodstock, Ontario

3313_DJW_4_0091

3313_DJW_3_0090

Office: 519.539.5646

3313_DJW_3_0092

10863226_3313

Century 21 Heritage House Ltd., Brokerage Independently Owned and Operated

3313_DJW_1_0052

3313_DJW_0035

PRIME CORNER LOCATION 1941 square feet. Wheelchair accessible. Reception area, offices, washrooms and large open area.

Plenty of parking. Located on Woodstock’s main street with easy access to the 401. Call Brian.

3313_DJW_1_0077

BUILD YOUR BUSINESS HERE $79,900. Approximately 1 acre of flat, vacant land located on a major road on the west end of Woodstock. Zoned Highway Commercial C4, there are dozens of opportunities to build your business right here! Call Dave.

3313_DJW_1_0073

SUPER LOCATION Looking for professional office space in Woodstock? This unit features 2181 sq. ft. of finished offices with ample storage, washrooms, and a lunch room.

Elevator, handicapped washrooms, generous foyer, large windows for natural light and ample phone/electrical outlets. Landlord is willing to discuss and implement a different configuration or leasehold improvements. Call Dave.

CHEAPER THAN RENT!

GREAT TENANTS

$99,900 Zoned M3 ‘General Industrial’. Clean unit used for storage. Low fees, quick closing available.

MLS 71781. Call Don.

$159,900 in the core of Woodstock’s BIA, good income, former fur storage facility has vault, security system.

Municipal parking adjacent. MLS 71291. Call Don.

Please say you saw it in The Commercial Investor

PROFESSIONAL OFFICE SPACE

Clean as a whistle and right downtown, we offer commercial space available immediately. There are 2096 sq. ft. to lease @ $15.00, all utilities included except electricity (hydro). Parking at the rear, lunchroom, lots of window - wall for natural light, elevator access. Call Joan.

Southwest Ontario

Volume 13 Issue 09

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

Southwest Ontario

Industrial Investment For Sale - London

- Fully rented 21,000 sf industrial -

building with new 5 year lease Also includes two houses and excess land (severance possible) Net Income: approx. $117,450 per yr Asking: $1,590,000 Contact Brent

Medical Office Building For Sale - London

- Established multi-tenant building - Central east London – minutes from -

Long Term Recurring Income For Sale - London

- Prime downtown London location - Commercial level of a condo complex - 3,854 sf on main floor (tenanted), 3,830 sf on lower level (vacant)

- Corporate covenant with long term

tenancy – 8 cap potential Net Income

- Asking: $1,575,000 - Contact Dave

-

investment property Excellent income potential Building can be sold in 3 separate parcels of 30,000 sf Asking: $2,400,000 Contact Tyler

- 14,000 sf building on 1.5 acres - Former Honda Dealership - Excellent exposure on Automotive and Furniture Row

- Showroom and Shop Area - Lease Rate: Only $9.00 per sf Net - Contact Gary

Light Industrial Space For Lease - London

- Professionally managed property in

prime south London location - Range of unit sizes from 698 up to 20,900 sf and varying percentages of finished office to warehouse space - Lease Rate: $4.25 - $5.75 per sf - Contact Dave

Industrial/Warehouse For Sale - Strathroy

- 93,466 sf on 12 acres near Hwy 402 - Currently set up as multi-unit

core – 50 car parking lot Vacant possession possible 7,484 sf on 0.75 acres Asking: $1,100,000 Contact Gary

Retail / Automotive Building For Lease - London

Industrial/Warehouse For Sale - Glencoe

-

Commercial/Warehouse For Sale - Belmont

Industrial/Warehouse For Sale/Lease – Mt Brydges

-

10,000 to 103,000 sf on 6.72 acres Warehouse area is sprinklered 18 – 28 ft ceilings Office area is air conditioned Lease Rate: $3.90 per sq ft Net, plus Utilities - Sale Price: $2,900,000 - Contact Tyler

Please say you saw it in The Commercial Investor

Site 1: 78,000 sf on 5.8 acres.

Asking: $750,000 Site 2: 78,000 sf on 10 acres.

Asking: $825,000 Vacant Land: 4.06 acres Asking: $100,000 Contact Tyler

- Three buildings totalling approx.

-

6,700 sf on 1.75 acres (fully graveled) Ability to expand Ample on-site parking Asking: $799,000 Contact Philip

11275472_3313

18

19

Commercial Real Estate & Business Opportunities

Investment Opportunity For Sale - Woodstock

30,000 Square Feet on 7 Acres - Sarnia

Commercial Redevelopment - Sarnia

- 11,000 sf multi-unit medical building - Well maintained, clean building with

- Former Dow Recreation Centre

- 3.09 acres next to Lambton Mall

- Ready for your finishes

- Good flat site – excellent location

- Net Income: $133,825 per year

- Easy highway access

- One of the last sites of this kind in Sarnia

private entrance for Doctors

inclusive of management fee - Asking: $1,700,000 - Contact Brent or Tom

- SALE or LEASE

- Contact Kenn

- Contact Kenn

Recreational Property For Sale – Courtland

WANTED 8 Bed Group Home in London Ontario

Southwest Ontario

Volume 13 Issue 09

Industrial Building For Sale/Lease – St. Thomas

Total of 205.73 acres 174.09 acres

30.76 acres

- Property offered as three separate parcels at one package price

-

Contact Gary

- 26,000 sf (in 2 buildings) on 10.2

acres Zoning: M2 Clear height from 28 feet Dock and grade loading Huge fences and paved outside storage yard - Lease Rate: $5.00 per sq ft Gross - Sale Price: $750,000 - Contact Philip or Dave

-

Total of 205.73 acres Turn-key lucrative business On site Pro Shop Workshop and Storage area Asking: $1,775,000 Contact Philip

Rare 35 Acre Island Property For Sale – South Bruce / Oliphant This rare 35 acre property is located on the pristine Mainstation Island in Oliphant, Ontario. The property has frontage on the north/west, east and south sides of the island. This island oasis is an ideal cottage retreat for Southwest Ontarians.

Asking: $1,300,000 Contact Brent or Tom

Tom Rudell Owner/ Sales Representative

Gary Pollock Broker

Tyler Desjardine Sales Representative

Kenn Poore Broker

www.dtz.com

Tel: (519) 438 5588 Please say you saw it in The Commercial Investor

Dave Jongerden Sales Representative

Philip N. Cassis Broker

11258100_3313

Brent Rudell Broker of Record

20

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

519.797.5500 Cell. 519.374.4448

Harold Fenlon

Bus.

Southampton

Broker

MULTIPLE LISTING SERVICE

email: h f e n l o n @ b m t s . c o m www.haroldfenlon.ca

00

00 ,9

$1

,4

99 $5

Southwest Ontario

,0 00

8297239_3313

McIntee’s Top Salesperson

2004, 2005, 2006, 2007, 2009, 2010 & 2011

http://myhomes.360photo.ca/7538

http://myhomes.360photo.ca/7785

9 HOLE GOLF COURSE

Par 36, nine hole golf course. 10 acre driving range, fully licensed club house, and 3 bedroom, 4 year old house strategically located to enjoy the view of golf course and pond. 3 additional buildings used to store golf equipment, carts & repair shop. There are 2 wells on the property.

2913_DJW_3_0032 2913_DJW_4_0035

Fantastic Southampton location. Business includes 4 rented units (with possibility for 5th). Licensed bar & exceptional restaurant with outdoor patio, leased office space, owner’s living quarters, second floor lounge suitable for banquets, weddings, etc. The building is in good repair and the property has many updates including newer insulation, wiring, copper plumbing. MUST be sold, owner is retiring.

2913_DJW_3_0039 2913_DJW_6_0040 2913_DJW_2_0037 2913_DJW_2_0038

http://myhomes.360photo.ca/7281

http://myhomes.360photo.ca/5520

GREAT SUMMER COTTAGES $599,900

SUMMER BREEZE COTTAGES, exceptionally well maintained business in fantastic location & minutes to prime sand beach. Consists of winterized 1-3 B.R. home; can be rented year round, 1-3 B.R., 4-2 B.R. & 2 -1 B.R. cottages. (www.southbruce.com/summerbreeze) 90% rented for this summer season.

THE MAPLES’ COTTAGES $599,900

Well maintained business close to beach. ‘THE MAPLES’ consists of 7 - 2 bedroom units, 1 - 3 bedroom unit recently built & a 3+ bedroom residence.

All buildings are in excellent repair. All units fully rented year round. Many improvements include new roofs, 2 gas fireplaces in 2 units.

Renate SiebeR Land exchange Ltd. brokerage

Wingham

broker of Record

519-357-3332

Cell:

519-531-1177

Independently Owned and Operated

262 Josephine St., Wingham

11264376_3313

$194,900

www.remaxlandexchange.ca EXCELLENT CAR WASH

DEVELOPMENT SITE

2 inside washers together with a 16’ x 30’ outside truck washing bay. Infloor heating in inside bays. Also included - 23 mini storage units - totally rented with lots of room to build more. Sizes range from 5’ x 5’ to 25’ x 10’.

Excellent opportunity for young entrepreneur. This property offers loads of potential. Call listing representative for further details.

410 Shuter Street, Wingham

2513_DJW_0004

$385,000

ZONED and Ready to Go for up to 23 dwelling Units Prime Residential 1.6 Acre Development Close to Hospital and Schools

$325,000

2513_DJW_0005

EXCLUSIVE

$525,000

PRIME COMMERCIAL/ DEVELOPMENT

PRIME COMMERCIAL/ DEVELOPMENT property in the centre of Wingham/North Huron; Highway Commercial zoning; Environmental Study Available.

in the centre of Wingham; highway commercial zoning; Environmental Study Available.

Call Listing Agent for full information package.

Call Listing Agent for full information package.

2513_DJW_1_0136

Please say you saw it in The Commercial Investor

MLS# 262000

2513_DJW_1_0137

21

Commercial Real Estate & Business Opportunities

9992168_3313

Sales Representative

Office: 519-797-5500 | Cell: 519-270-3055 e-mail: donamy@bmts.com www.southamptonhomes.ca

Southampton

FAST FOOD $325,900 17 ALBERT ST. N., SOUTHAMPTON

ZONED R-3 - $349,900 MORPETH & GROSVENOR

Well established, high visibility location on Hwy #21 in Southampton.

Turnkey, no franchise fees, no royalties & owner will train. Well maintained building in excellent condition.

Indoor seating for 24, plus outdoor patio with take-out window. Vendor financing available. Price includes building & chattels.

www.chipsahoy.org

Zoned R3 - Residential Development 0.98 acre, ideally suited for town homes or semi’s. Located in the heart of Southampton just 2 blocks to downtown & sand beaches of Lake Huron. Level lot & survey available.

Municipal easement to the East side of the lot.

MLS #2011127129

3313_DJW_1_0404

RESIDENTIAL DEVELOPMENT $549,900

MLS #410254000800500

3313_DJW_1_0402

PRIME CORNER COMMERCIAL- $549,000 5094 HWY 21, PORT ELGIN

Lot 20 Concession 20., Sauble Beach - Excellent opportunity to develop new housing project as it is close to Sauble Beach & on the edge of existing Sauble development. A total of 95 acres; 22 acres had subdivision draft plan with 20 lots. Part of the area (Walker Way) is developed with water, individual septic, electric, gas, 3313_DJW_4_0044 cable & telephone.

Desirable corner lot w/high traffic, high visibility, close to Wal Mart & Canadian Tire. Environmental Assessment Phase 3 available. Ideal location for commercial venture requiring high traffic flow. Full municipal services available. Boundary survey available.

MLS #411044000122400

3313_DJW_1_0043

11007505_3313

Dave Spencer Sal e S Re pR e Se ntat i ve

62 1st Avenue South H: Chesley, Ontario N0G 1L0

519.363.2410 pHone: 519.363.3726 davespencer@bell.net

HIGH VISIBILITY LOCATION

GOOD INVESTMENT OPPORTUNITY 2,000 square foot retail space. Great window display and rear loading area.

Two residential units upstairs. Will lease retail space for $10.50 per square foot.

1,000 square foot building set up as restaurant and an older former service station with hoist and car wash. Large parking area is freshly paved. Phase 2 Environmental on file.

$169,900 REDUCED $145,000 EXCELLENT COMMERCIAL

$139,000

1200 square foot retail space is wide open with office at the back. The 3 bedroom apartment has been totally renovated with modern kitchen and 5 pc bath with whirlpool tub.

3313_DJW_3_0044

$290,000

3313_DJW_3_0041

SPACIOUS BUILDING

$89,900

4000 square foot commercial building on Chesley’s main street. Property fronts on two streets.

Building is in good condition, can be opened by removing temporary partition walls.

3313_DJW_1_0042

EXCELLENT OPPORTUNITY

3313_DJW_1_0045

Please say you saw it in The Commercial Investor

$169,000

Operate your own business and live on site.

Approximately 1800 square feet of retail space and a modern 1100 square foot apartment has open concept living and rear access. West facing deck to enjoy summer evenings. Sits in the heart of Chesley’s downtown core.

3313_DJW_2_0097

Southwest Ontario

Volume 13 Issue 09

22

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Featuring the Best Selection in Industrial, Commercial and Investment Opportunities

Hamilton COverIng: Ancaster • Caledonia • Cayuga • Dundas • Dunnville • Grimsby • Hamilton • Haldimand • Stoney Creek For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor

Volume 13 Issue 09

23

Commercial Real Estate & Business Opportunities

ML

Mark Loeffler Team

MARK LOEFFLER

KELLER WILLIAMS R E A L T Y

SALES REPRESENTATIVE

Independently Owned & Operated

Bus: 905.335.8808 Fax: 416.981.3033 Email: mark@markloefflerteam.com www.markloefflerteam.com

3027 Harvester Road, Suite 105 Burlington ON L7N 3G7

Hamilton

E D G E

11277950_3313

EXCLUSIVE

7 UNITS

$50,000 net income. 8 unit building. Concrete construction.

Terrazzo corridors. New windows. Large spacious apts with parking.

3313_DJW_0013

FULLY RENTED TRIPLEX

CAP 6.3%. Great turnkey investment.

Triplex. Fully rented.

3313_DJW_0014

$295,000

CAP 7%. Great 7 unit property. Turn key investment.

$800,000

3313_DJW_0015

GREAT INVESTMENT

Great investment property. Detached bungalow. Gross rents of $1,600/mth.

3313_DJW_0016

$219,000

Please say you saw it in The Commercial Investor

$629,000

PRIME LOCATION

Prime Locke St. location. Detached bungalow. In-law suite. Turn key gross rents of $2,285/mth.

3313_DJW_0017

$349,000

24

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities Visit my website

276 Main St. W. Hamilton, Ontario

Augie Ammendolia

(just West of Queen St.) L8P 1J8 Cell:

905-518-6713

Office:

BROKER

905-522-6001

HAMILTON CENTRE 9 UNITS

$697,900 9 units + 1 car workshop for further rental income. Large units mostly 2 BR plus DR. Pls. contact Listing Broker for financial information.

Some rents far below market value. Property to be severed from 547 Main St. E. Seller is proceeding with severance application. Lot size: 73.4 x 137.35 Irreg. (Imperial).

1713_DJW_1_0073

HAMILTON CENTRE 4 PLEX

WEST HAMILTON 20 ROOM RENTAL BUILDING

$269,900

1713_DJW_1_0106

2513_DJW_0084

ANCASTER INDUSTRIAL UNIT

HAMILTON CENTRE 4 PLEX

HAMILTON CENTRE TRIPLEX

1713_DJW_1_0105

$259,900 South Central location.

Close to downtown.

Currently vacant. 2 - 1 br, 1-2 br. Possible completion of basement to 4th unit.

Parking on site.

HAMILTON CENTRE 3 STORES/3 APTS

Great location. 12,000 SF - 6 commercial units at Ground Flr plus roof sign & 8 apt units above with separate heat & hydro constructed approx. 20 yrs. ago. Ground flr. Commercial includes fully equipped restaurant to be leased & laundromat operated by owner. Part of possible land assembly 752 King Street East and 734 King Street East presently for sale. Close to downtown. LOT SIZE: 107.3 FT X 158 FT.

$264,900

Also available for lease at $6.50/ SF plus TMI. Upscale Ancaster Industrial condo with prestige industrial zoning, your chance to own a location in Ancaster business park. Unique busy commercial/prestige industrial zoning covers various uses over 1700 sq. ft. Ground floor plus mezzanine. Run your own business in elite location with easy access to 403/QEW to go 1713_DJW_1_0100 to any direction.

HAMILTON CENTRE TRIPLEX

$449,900 Excellent corner building.

Lots of improvements 3-2 br apts. Completely renovated.

All untis have independent heating and hydro. Across from McDonalds and near Ivor Wynne Stadium.

1713_DJW_1_0097

$1,295,000

$254,900 Solid 2 1/2 storey brick used as 4 family home. 3 car garages. Workshop or storage. 200 amp breaker service with wired smoke detector. Close to downtown and bus routes. 3 -1 BR and 1 - 2 BR.

2913_DJW_0111

Charming Victorian style home. Close to downtown.

1 and 3 BR units, parking on site. “Close proximity to downtown and International Village. Possible owner occupied professional use.”

HAMILTON CENTRE - COMMERCIAL/ RESIDENTIAL BLDG.

$879,900 Excellent Hamilton West location. Newly constructed building. Gross Annual Income of $104,820 approx. Lot size: 52.77 X 208.47. Super energy efficient, engineered building with 20 rooms, 3 floors, each floor has 2-3 pc baths plus a kitchen. Laundry on 1st & 2nd floor. Across from Victoria Park. Parking for 9 cars. Wheel chair accessible building.

1713_DJW_1_0456

$289,900 Stately triplex to be severed from 549 Main St. E. Close to downtown large wellappointed apartments on 1st and 2nd floor. Possible professional use, high visibility, parking at rear with 4 garage. Lot Size: 33’ x 137’ Irregular

HAMILTON CENTRE - TRIPLEX

1713_DJW_1_0074

$169,900 Renovated - 3 family property on major street south of Main St. Separate hydro meters for all unites.

Suit possible commercial professional use.

1713_DJW_1_0016

HAMILTON DOWNTOWN $1,295,000 DEVELOPMENT SITE

CENTRAL MOUNTAIN DEVELOPMENT SITE

Prime corner development site with building suitable for redevelopment to retail plaza & or high rise development.

Can be purchased with adjacent property 756 King St. E. Pls. contact Augie for additional information on the proposed development.

2513_DJW_0083

Please say you saw it in The Commercial Investor

$349,900 Large lot 60 ft. by 290 ft. near Upper James. Suit many home businesses. Charming home, many upgrades. Euro style kitchen. Hi-eff furnace.

Ceramic & hardwood floors.

Detached garage. Note: Rear of property has development potential, possible rezoning of property for development.

1713_DJW_1_0090

8471320_3313

Hamilton

HAMILTON INCOME PROPERTIES

Andrew & Debra SaleS repreSentativeS

25

Commercial Real Estate & Business Opportunities

Escarpment Realty Inc., Queenston Rd. | 905-945-7579 11278015_3313

Turn-key business with great support and an established franchisor. This unit has been updated to Oxford’s requirements until 2015.

High traffic location in a growing community with easy hwy access and ample parking. Financials avail upon completion of confidentiality agreement.

3313_DJW_0047 Call L/A for details on the process.

3313_DJW_0048

Great opportunity for investors & business owners alike! Downtown location w/great visibility & ample parking. 2 res units up & comm on main level. Operate your business virtually rent free & let the upper units carry the building. C3 zoning allows for numerous uses. 24 hrs notice to view upper units.

3313_DJW_0049 3313_DJW_0050

Please say you saw it in The Commercial Investor

Hamilton

Volume 13 Issue 09

26

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

Offer tO Purchase On Investment PrOPertIes

By Dino Nicosia, Broker Of Record,

Investpro Realty and Appraisal Ltd. Ask for a list of rental equipment that comes with the property and a copy of the contract, if to be assumed. Sometimes laundry machines, hot water tanks and even boilers may be on a rental contract.

FIRE CODE REGULATIONS The offer should require that the Seller provide a “Letter of Compliance” from the Fire Department confirming the Fire retrofit was completed and is in compliance. It is highly recommend that the offer requests a copy of the annual fire inspection certificates, completed by a qualified technician.

ZONING REGULATIONS So you have decided to invest in real estate and have found the property just right for you. You are now ready to take the next step by submitting an offer to purchase. However, before you proceed with making the offer, ensure that an experienced realtor or lawyer who is familiar with investment properties represents you.

Consider that when you are buying a home you are basically buying bricks, mortar and land. However, when buying an investment property, in addition to the bricks you are also buying rental income and are assuming tenants. Along with tenants comes all the rules, regulations and laws that accompany them.

There are many extensive regulations and by-laws such as Fire, Zoning, Health and Safety issues and so on.

Your offer must have the appropriate clauses and conditions to address all of the above-mentioned rules and regulations.

TENANTS Your offer should request signed Tenant Acknowledgments on or before closing date, whereby a tenant confirms in writing the following: • Monthly rent, • Rental deposit paid and when, • Move-in date, • Whether any appliance is owned by the tenant, • Whether any utilities are paid by the tenants, • If there are any ongoing Landlord and Tenant disputes • Date of last rent increase • Any interest paid on the rent deposit Should a few tenants refuse to sign the acknowledgement, then a Declaration signed by the Seller would be a good substitute.

EQUIPMENT AND SUPPLIES Other information that the offer must contain is confirmation of all equipment and chattels that belong to the property are included in the purchase price (i.e. lawn equipment, vacuum cleaners, appliances, snow blowers, cleaning and hardware supplies, etc.).

RENTAL EQUIPMENT

The offer should request that the Seller provide a copy of a Zoning Certificate which verifies that all units in the property are self contained, legal and meet the zoning bylaws. Also ask for confirmation that no outstanding work orders exist.

REQUISITIONS The offer should also be conditional upon receiving a copy of the following: • All existing contracts, warranties and invoices for recent capital expenditures, • Utility bills for at least 2 years, • Financial statements for at least 2 years, • Existing survey, • Insurance policy, • Current detailed rent roll, • All inspection reports in Owner’s possession (i.e.

Structural, Environmental, Appraisal etc.), • Any Rent Review Order available INSPECTION CLAUSE Consider including a clause allowing for a full property inspection including all units; this is an escape clause terminating the offer if you are not completely satisfied with the said inspection. This condition should be for the benefit of the buyer, and must contain the wording “at your sole and absolute discretion”. This means that, if for any reason you don’t like what you see, you can walk from the offer without providing any grounds.

INSURANCE CLAUSE With today’s strict rules and regulations some properties may not be insurable due to environmental or electrical issues, etc. If there are issues, the insurance company may reject to insure or charge a premium. For these reasons, the offer must contain a clause conditional allowing the buyer to obtain satisfactory insurance at the Buyer’s discretion.

plan to go with a CMHC insured mortgage, be prepared to extend this clause for a much longer period. This condition should be for the benefit of the buyer, and must contain the wording “at your sole and absolute discretion”. This means that, if for any reason you don’t like the mortgage proposal(s), you can terminate the offer from the offer without providing any grounds.

Failure to address any of the above matters may result in unnecessary grief, potential lawsuits and the possibility of paying too much for the property.

SELLER WARRANTIES The offer should contain a clause where the Seller warrants and represents items such as but not limited to the following; 1. That all devices equipment and/or other fixtures will be in working order on date of closing.

2. That the Seller is not aware of any structural defects, hidden damage caused by water seepage or flooding.

3. That all rents as they now stand are in accordance with the RESIDENTIAL TENANCIES ACT 2006, All of which the warranty shall not merge but survive closing; ENVIRONMENTAL Today more than ever, this is a major issue for lenders and buyers. A clause must be inserted that allows the Seller to disclose and warrant that “there is not in, on, under or about the Property any toxic or hazards substances. Confirm and ask for warranty that there are no hidden underground oil tanks.

Not all issues are covered in this article. For more information on Commercial Offers and related Schedules, contact the writer. Consulting fee applies.

Dino Nicosia, Broker of Record, President Your Investment Partner For Life Investpro Realty & Appraisal Ltd. Brokerage 730 Brant Street, Unit 102 Burlington, ON L7R 2H9 P: 905.631.6500 C: 905.870.5852 | F: 905.631.6505 Visit our website: www.investprorealty.com Follow me on: http://twitter.com/#!/DinoNicosia

FINANCING CLAUSE Unlike residential purchases, the conditional period for arranging financing should be extended (15 to 30 business days). Reason being, commercial lenders will likely request an appraisal, environmental and or structural studies before final approval. If you

Please say you saw it in The Commercial Investor

8171452_3313

27

Commercial Real Estate & Business Opportunities 9558936_3313

Brokerage The Apartment Building Specialists

www.investprorealty.com 7 UNITS

PHONE: 905-631-6500 FAX: 905-631-6505 dino@investprorealty.com 24 UNITS CE

I

2913_DJW_3_0057

2913_DJW_1_0100

46 UNITS PR

2913_DJW_1_0145

W NE

2913_DJW_2_0071

Dino Nicosia, Broker of Record

“Your Investment Partner for Life”

London Ontario. Visit our website for details. our website.

6 UNITS - EAST HAMILTON

5 UNITS

14 UNITS 2913_DJW_2_0058

East Hamilton near Gage Park. Great condition. Visit our website for details.

6 UNITS

12 UNITS HAMILTON

21 UNITS INFIND DUNDAS RARE

PR

In one of the best locations in Niagara Falls (bring all reasonable offers).

For more details visit our website.

Old charm, converted mansion.

Most units renovated. Newer boiler and roof.

Visit our website for details.

2913_DJW_2_0086

CE

2913_DJW_0054

West Hamilton near waterfront.

For more details visit our website.

2913_DJW_1_0095

Most apartments are renovated.

Spacious units. 8% Cap Rate.

I

W NE

2913_DJW_0053

30 minutes from Hamilton. Only 8 years old.

For more details visit our website.

2913_DJW_1_0084

In desirable Stoney Creek.

(minutes to Mac University).... visit our website for details.

Thinking of selling? Call the “Investment Property Specialist” Please say you saw it in The Commercial Investor

Hamilton

Volume 13 Issue 09

28 inthenews

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Canadian companies more focused on critical tax risk management Getting transfer pricing right is key to success in globalized environment

A

s tax controversies continue to make headlines around the world, a new EY survey finds risk

management is the top transfer pricing priority for 76% of Canadian companies.

That beats out the global trend, which shows 66 per cent of companies identified risk management as their highest transfer pricing priority. That figure more than doubled from 32 per cent in 2010.

“Companies that get the right transfer pricing and tax policies in place up front stand to win over the long term in this tough and controversial environment,” explains John Oatway, EY partner and Canadian Transfer Pricing Leader.“The emphasis we’re now seeing on risk management is reassuring – but it’s only a step in the right direction. Every day, the business world becomes more global and interconnected. Transfer pricing is a major factor in that reality, and planning ahead directly affects the bottom line.”

EY’s 2013 Global Transfer Pricing Survey: Navigating the choppy waters of international tax found Canadian respondents were also more likely than their global counterparts to have had their transfer pricing policy examined by tax authorities in any country since 2009 (100 per cent of Canadian respondents compared to 82 per cent of global respondents).

Oatway says it’s encouraging to see that more than half of Canadian respondents (52 per cent) are monitoring financial results quarterly to ensure compliance with transfer pricing policies, compared to only 38 per cent of their global counterparts.

“There’s no question that transfer pricing rules are vast and always evolving. Proactively getting the right processes in place to monitor compliance is the only way to avoid costly double taxation and controversy that can take a company off course,” he notes.

To that end, key building blocks of an effective transfer pricing policy should include: 1. Knowing and documenting how the business and the industry operates 2. Identifying all material intercompany transactions 3. Determining how arm’s length parties price similar transactions in the marketplace 4. Putting written intercompany agreements in place that memorialize the terms and conditions of the transactions 5. Instituting systems to effect the intercompany transactions in the agreed manner 6. Monitoring to ensure transactions are recorded according to the policy and intercompany agreements 7. Documenting and testing results annually to ensure they are arm’s length, and making adjustments where necessary 8. Utilizing bilateral advanced pricing arrangements to obtain certainty where asymmetric transfer pricing policies exist EY’s biennial transfer pricing survey has been an industry benchmark chronicling taxpayers’ views on this essential function of cross-border commerce for nearly 20 years. Transfer pricing refers to rates charged by entities within the same multinational corporation and can affect where profit is taxed.

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

For more information, please visit ey.com/ca.

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

Please say you saw it in The Commercial Investor

Volume 13 Issue 09

29

Commercial Real Estate & Business Opportunities

COMMeRCIaL/INVeSTMeNT POTeNTIaL IN JaRVIS Rare .79 ac plan of subdivision approved parcel of developed land.

All services at or near lot line.

Allows for const of 24 unit condo res complex comprosed of 6-1000 sqft units/flr. Outside pkg for 38 vehicles.

Buyer resp for all charges/permits/ due diligence pertaining to future use. Survey avail.

Plan of subdivision approved .84ac parcel of comm zoned land allows for the const of approx 8500 sqft comm strip mall. Perfect for 4x2100 sqft sep units. Inclds 30 outdr pkg spaces. Buyer/ buyer solic to verify and/or respons for future dev charges/levels/bldg permits & due diligences for intended use. Survey available.

P $2 arc 99 el ,0 #2 00

Hamilton

P $3 arc 99 el ,0 #1 00

8171399_3313

Re/Max escarpment Realty Inc Brokerage

3313_DJW_1_0081

3313_DJW_1_0082

442 NeW LaKeSHORe ROaD, PORT DOVeR $1,195,000

192 MaPLe aVe, WeLLaND $799,000

Uncompromised beauty here in Pt Dover - Immaculate 2 acre diverse prop inc 2000 sq ft ranch ext reno’d in 93,4 winterized rental cottages generate good income. 4 tiered terrace/ break wall sys ensures erosion protection of 206 ft of shoreline. 3 Eco-flow septic sys, cistern, well c/a in main houses & ‘02 blt Northlander cottage.

Awesome opportunity to live and work at the Lake!

Finely tuned turnkey restaurant biz w/full bsmt inc 2 lrg banquet rms + 3 upper levels res units. Known as Budda Bing Roadhouse est’ 08. Boasts steady clientele. 3500 sqft on main lvl w/700sqft sublet to JUST BALLS. Close to 2015 Commonwealth Games. All offers cond 30 days upon acting on option to purch realest. Note 4% commiss!

3313_DJW_1_0478

PROFITaBLe CaNOPY BUSINeSS $149,000

3313_DJW_2_0041

676 KING STReeT, WeLLaND $799,900

Exciting profitable bus opp-perfect for 2nd income or unlimited potential to expand & grow w/virtually no competition. Inclds. $110,000 of inventory subject to change. Estab since 1991. Inclds phone#, website, customer/wholesaler list, price catalogue, etc.

Excellent restaurant biz/property-family owned/operated for 60 yrs+.

Mega facility inc huge comm kitch w/upgraded equip/multiple walk-in coolers. Breakfast dining in front-dinner dining in rear w/sep entrances.

Loads of parking! Steady clientele, equipped for lrg group meetings/ parties. Profitable turnkey biz-Note 4% commiss!

3313_DJW_1_0040

3313_DJW_1_0092

2071 MaIN ST S, JaRVIS $764,000 Affordable 11 plex investment property on outskirts of Jarvis. Approx. 35-45 mins SW of Hamilton. This well maintained brick bldg inc 11x2 bdrm units w 11 fridges & 11 stoves. Comm laundry rm w new coin op machines ‘09.

3 units in bsmnt, 4 on main lvl & 4 on upr with balconies. Fully rented w super w 12 yr tenure. Allow notice for showings.

3313_DJW_1_0065

725 MaIN ST, DUNNVILLe $429,000

Sought after 1 ac comm prop offering excellent visual exposure in developing Dunnville area.Inclds 1990 blt Braemer constr’d 6000 sqft bldg w/3600 sqft 6 bay gar w/2 roll-up doors, 2400 sqft mod showrm w/floor-ceiling wndows,3 baths,several offices, n/gas heat, munic wtr, ind septic syst., asphalt lot for 40 vehicles. 3313_DJW_0087

112 RaMSeY DRIVe, DUNNVILLe $349,000 First time offered at this amazing price! Mod. turnkey woodworking factory w/MG zoning in Dunnville’s lnd. core. orig. 3344 sq bldng + 5760 sq addition - 1994. Front showrm w/offices & bathrms, 27’ clings, 8’ conc. flrs, 16’x14’ overhead loading drs, 400-600 3 ph power, mun.water/sewers,huge lot/compound, possible expansion for 5000 sqft.

3313_DJW_1_0047

1066 BROaD ST, DUNNVILLe $875,000 3.68 ac multi-func prop in Dunnville’s new desired bus district. Well maint’d prop offers 237 ft of frntg on Hwy 3 E. Boasts excel visual exposure w/high traffic. Inclds 1300 sqft bldg w/mod showroom, rear offices, 3 baths.Incorporates 3000 sqft garage & sep autobody shop & lrg paved prkg lot. Buyer to complete due dilegence. 3313_DJW_0088

14 ROBINSON ST, SIMCOe $182,000

2 MaIN aVeNUe W, FISHeRVILLe $199,000 Profitable turnkey business approx. 35-40 mins. S. of Hamilton, en route to Lake Erie in busy convenient store, 2-pump gas station, 50 x 21 ft. mechanic’s garage (functional), w/hoist & air compressor. Groceries, milk, cigarettes, lottery, phone card, ATM, bulk water refill, movie rentals & more. Incl. reno’d 1100 sq. ft. 2 bdrm. upr. level living unit, $800 per month. 3313_DJW_1_2301

Great mixed use property offers a hi-exposure street lvl comm unit with long term tenant in place & 2 res units on the upr lvl. 1 bdrm currently rented out & freshly reno’d 2 bdrm that is available for rent. Parking in the rear produces income.

3313_DJW_1_0091

Please say you saw it in The Commercial Investor

15 CHURCH STReeT, JaRVIS $149,900 Large 0.75 acre commercial parcel w fully fenced compound, asphalt parking area & large 50 x 150 ft steel clad building w conc floor & foundation. 50 x 63 ft open area with att 6 “bay” area. Inc. newly updated elec service/wiring, mun water.

3313_DJW_1_0090

30

Volume 13 Issue 09 8181662_3313

Commercial Real Estate & Business Opportunities

Coldwell Banker Pinnacle Real Estate, Brokerage

905.388.1110 / 1.877.938.1110 ramzi@ramzitwal.com | www.ramzitwal.com 775 Upper Wentworth St. Hamilton ON

BUSINESS

MIDDLE EASTERN RESTAURANT

Hamilton

Established convenience store in heart of Downtown Hamilton. Good family business.

Good income from Lotto & ATM. 2913_DJW_2_0095

MOVERS

Moving company for residential offices.

Operating in the GTA for a dozen years.

Rated A+ with BBB. Established clientele with experienced crew of 8 movers.

Ongoing turn key operation. All future bookings and contracts are included in the sale. two 5 ton trucks and one 3 ton truck. Proftiable investment, can be operated out of laptop. Present owner willing to train.

10339498_3313

2913_DJW_3_0095

FOR

FURTHER INFORMATION:

Fully equipped, turn-key offered for sublease. Very attractive terms. Seating for 80 people. Excellent location on main street, Hamilton Mountain location. Call for further details. beauty salon Beauty Salon in operation for over 50 years in same location. Serving men & women. Established clientele. Salon was completely renovated in 2011.

Seller will stay on staff if required & will train & introduce clients. Near Juravinski Hospital on Hamilton Mountain. MLS #H3115553

JOHN HRYCZYNSKI BROKER

(905) EMAIL:

REAL ESTATE BROKERAGE

3313_DJW_0080

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EAST HAMILTON MOUNTAIN Very busy plaza, prime East Mountain location. Many national tenants in complex with a good mix of retail & office uses. Units availale: Unit 8 - 1283 sf, asking $10.95/sf net and second floor office units of 450, 700 and 1584 sfr, asking from $14.95 to $16.95/ sfr Gross. Abundant on-site parking. Immediate possession.

WWW.BBSREALTY.COM COMMERCIAL REAL ESTATE

REAL ESTATE SALES AND LEASING SERVICES RETAIL/OFFICE FOR LEASE HESS VILLAGE ENTERTAINMENT DISTRICT Prime Hess Village Entertainment District, premises located on the corner of George and Queen St’s. Rare opportunity to locate a new restaurant, cafe, fast food or coffee shop in this sought after entertainment district. Ideal for food or most other retail or office uses. The space is 1,394 sf and is located in a classic Victorian building with old world charm and a large patio area ready to fit out.

Immediate possession available.

Call for further details.

RETAIL/OFFICE FOR LEASE

WEST HAMILTON MOUNTAIN Prime West Mountain location minutes from the lucrative Ancaster Meadowlands shopping disctrict, a major high school, an affluent residential area and easy acess to the link. Busy plaza anchored by Rexall Pharmacy. Freestanding building approx. 20,474 sf complete with dock loading, ideal for a grocery store or most other retail uses. Space may be divisible for long term Tenant. Call for further property and leasing details.

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RETAIL/OFFICE FOR LEASE

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RETAIL/OFFICE FOR LEASE

3313_DJW_1_0109

OFFICE FOR LEASE

240

JOHN@BBSREALTY.COM

3313_DJW_3_0025

COMMERCIAL RETAIL/OFFICE FOR LEASE

529-5900 X

DOWNTOWN HAMILTON Prime ground floor office space, excellent exposure to high traffic, close promixity to the downtown core. Located in a professional office complex, ideal for most professional office uses.

Suite 102-4770 sfr includes 11 well appointed private offices, reception, boardroom, separate/shared entrance plus Suite 202 - 1,778 sfr 2 floor offices. May lease together for 6,548 sfr.

Immediate possession. Asking $17.95/sf gross.

DUNDAS Great plaza location w/prime exposure on Governor’s Rd in Dundas. Located across from 3 schools and serving a large affluent residential area. Available space includes 4&5 - 3,322 sf, former doctor’s offices (divisible) and Unit 10 - 1,100 sf. Ideal for most medical, office or retail uses. Immediate occupancy, abundant parking. Call for details.

170 SILVERCREEK PARKWAY NORTH, GUELPH Located on a major arterial road across from Willow West Mall.

Many national tenants on this power retail strip. Rare vacancy, excellent end cap location and frontage. Ideal for most retail/ office uses. Unit sizes from 1,200 to 3,400 sq. ft. Landlord may assist with improvements. Abundant parking, good access and immediate possession. Economically priced from $12.95-$13.95/ sq.ft. net.

Please say you saw it in The Commercial Investor

31

Commercial Real Estate & Business Opportunities

ASK FOR AL’S ONLINE MARKETING

SEARCH FOR AL ON

FOLLOW US ON FIND US ON

FOR SELLERS & BUYERS SEARCH ONLINE @ REALTOR.CA OR GET THE APP! (FOR SMARTPHONES)

GOOGLE

DIRECT LINE VISIT

www.alcosentino.com

ESCARPMENT REALTY INC. BROKERAGE INDEPENDANTLY OWNED & OPERATED

MOUNT HOPE (IN TOWN)

“YOUR OPPORTUNITY...”

“DEVELOPMENT SITE”

219,997

$

3313_DJW_1_0135

EMAIL

al@alcosentino.com

“BIG GARAGE/INVESTMENT”

999,997

$ Prime Industrial/Commercial corner OR site. High traffic exposure 1.8 acres. MAKE AN OFFER Near Hwy & Lake Ontario. Zoned (M3). Ask for Al’s on-line marketing today!

3313_DJW_1_0136

EAST HAMILTON

1-855-570-9997

TOLL FREE

STONEY CREEK

ABANDONED 2 STRY, 4 BDRM HANDYMAN OR BEST OFFER SPECIAL. THE VALUE IS IN THE LAND, 117.5 x 199.14 irreg. Potential commercial development. Hwy exposure. Ask for Al’s online marketing today!

905-570-9997

229,997

$ Used as Auto Repair service staOR tion. Leased out for $1800/mth plus MAKE AN OFFER utilities. Approx 2600 sq ft 14x14 bay garage includes 2 hoists/1 welding machine. Ask for Al’s on-line marketing today.

3313_DJW_1_0060

EAST NORTH HAMILTON

EAST HAMILTON

“BUILD TO SUIT YOUR NEEDS”

BIG OR SMALL, WE SELL THEM ALL!

“INVESTMENT/PERSONAL USE”

Vacant land 20 X 100. One time was Commercial Retail/Residential above.

Now rented for $500/mth. No lease.

High traffic location. Ask Al for Al’s on-line marketing today!

“DONALD TRUMP SAYS GOOD RETURN”

249,997

$

69,997 - SELLER CAN HOLD 1ST MTG $

3313_DJW_2_0016

Industrial garage warehouse approx 2300 OR BEST OFFER sq ft w/grade loading 12 ft door & 2,000 sq ft of office above. Fully rented. Seller will hold 1st mgt. Ask for Al’s on-line marketing today!

3313_DJW_1_0017

229,997

$ 2 commercial retail stores. 1 vacant for personal use OR or was rented for $900/mth. Both retail stores have BEST OFFER kitch & 4 pc bath. 2 residential units rented. Corner exposure. Gross income $39,000. 11.7% return on your investment.

3313_DJW_0034

10932058_3313

“CALL AL TODAY, PUT YOUR COMMERCIAL INVESTMENT PROPERTY ON THE MARKET!

3 UNITS

IUM EM ON PR CATI O L

SOLD

• Asking $399,000.

• Well maintained, large 2.5 storey Victorian Triplex.

• $28,000 spent in capital costs since 2006 (roof, balcony, front porch/entrance, ceramics).

• Premium southwest location near St. Joseph’s hospital & fully tenanted.

• Beautiful original features and hardwood floors w/large parking lot for (5) & owned set of Coin Laundry machines.

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WESTDALE • FOR LEASE LY TH ON MON / 75

$5

• Smaller ground floor commercial space • Full onsite parking, • Suits Retail/Food Service/Office sep.washroom & storage w/flexible ‘H’ zoning • 2-Year min • Gross inclusive rent - tenant only term required pays hydro 3313_DJW_0036

P

EN S OP FFER O TO

IN RSHI IVE

CE

RE

25 UNIT APARTMENT BUILDING

BEST VALUE IN ONTARIO! • Asking $1,188,000. Or $47,520/suite.

• Effective Gross Approx $177,000 • NOI Approx. $79,000 • Located 1 hr south of London off 401 in Ridgetown.

(24) 1 bdrms, (1) 2 bdrm, full parking.

• Hydro sub metering in place.

• Owned laundry equipment.

• Very responsible superintendent couple wish to stay.

• Financing available & VTB for qualified purchaser.

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280 UNIT CARIBBEAN HOTEL & CONDO RESORT • Liens currently in excess of $110M - PP to be discussed w/LBO • Currently functioning resort with some individual condo ownership.

• 2/3 complete & currently in receivership.

• Large hotel/resort operator needed.

• Brokerage herein has a large investment fund prepared to assume debt and re-assign to qualified purchaser.

• Purchasing entity must have suitable experience and a net worth of approx. $40M • Complexity to this purchase - please email for further details.

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12 UNITS • 18 UNITS • 24 UNITS • 35 UNITS AVAILABLE Contact us for our investor alerts, current & quarterly market reports, for the best local & out of town investment opportunities.

‘ Comprehensive Investment Property Advice’ 17+ years Private Realty & Commercial Investment Experience

Please say you saw it in The Commercial Investor

Hamilton

Volume 13 Issue 09

32

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

11277225_3313

Hamilton

inthenews

Small businesses give Competition Bureau decision on Interac a thumbs up

T

he Canadian Federation of Independent Business (CFIB) welcomes the recent

In recent years, CFIB has led efforts – such as the Code of Conduct for the Credit and Debit Card System – to bring fairness to the card processing industry. “For a small business

decision by the Competition Bureau to

to process a $50 sale, a credit card can be 20 times more

approve Interac’s restructuring plans.

expensive than an Interac Debit Card,” added Kelly. “Without a strong Canadian-owned Interac, merchants and consumers would be left to the big multinational credit card giants and

“The Bureau’s decision will allow Interac to remain competitive in the rapidly changing payments market,” said CFIB president Dan Kelly. “CFIB believes the improved governance structure and abilities to innovate will ensure Interac remains a low-cost, flat-fee

their much higher fee structures.”

With this important decision from the Competition Bureau, CFIB’s attention turns back to the impending decision of the Competition Tribunal in the case against Visa and MasterCard.

“We are waiting anxiously to learn if merchants will be granted the powers to surcharge or refuse certain high cost cards,” concluded Kelly.

payments system for the future.”

Please say you saw it in The Commercial Investor

33

Commercial Real Estate & Business Opportunities

Hamilton

Volume 13 Issue 09

11236833_3313

Please say you saw it in The Commercial Investor

Commercial Real Estate & Business Opportunities

8310857_3313

brokerage

OPPORTUNITY GALORE

3313_DJW_3_0063

Highly visible traffic area across from the Smart Centre on Wilson Street W. Future use allows for arterial commercial development. Farm house currently used as commercial w/one residential unit. Please call Larry Szpirglas, Broker/Manager at 905-648-6800 or email Szpirglas@judymarsales.com

DEVELOPMENT POTENTIAL!

NEW PRICE! PRIME EAST MOUNTAIN LOCATION close to Linc & 403, public transit. 1800 sq ft currently used as 5 professional offices with board room.

M4 zoning: i.e. light manufacturing, distributing & warehousing. Please call Larry Szpirglas, Broker/Manager at 905-648-6800 or email Szpirglas@judymarsales.com

3313_DJW_0099

Hamilton

$182,500

$329,500

Well maintained professional legal offices w/modernized heating/cooling, plumbing & electrical. CAN BE CONVERTED TO RESIDENTIAL. Many original architectural features; stained glass, oak staircase, 9” baseboards, high ceilings. Many possible uses; zoned “H”. Please call Larry Szpirglas, Broker/Manager at 905-648-6800 or email Szpirglas@judymarsales.com

3313_DJW_1_0124

PRIME ANCASTER SITE!

$2,688,000

Volume 13 Issue 09

$499,000

Larry Szpirglas Broker/Manager szpirglas@judymarsales.com

Please say you saw it in The Commercial Investor

SEVERANCE POSSIBLE. Fenced double lot in great location minutes to Hwy 403, public & separate schools, Ancaster Community Centre with spacious 3 bdrm house. Close to shopping, conservation & nature trails. Parking for 5 cars.

Please call Larry Szpirglas, Broker/Manager at 905-648-6800 or email Szpirglas@judymarsales.com

3313_DJW_0100

34

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

Featuring the Best Selection in Industrial, Commercial and Investment Opportunities

Greater toronto area COverIng: Ajax • Alliston • Bowmanville • Bradford • Bolton • Burlington • Brampton • Concord, • Durham Region • Etobicoke • Georgetown • Georgina • Keswick • Markham • Milton • Mississauga • Newmarket • North York • Oakville • Oshawa • Pickering • Richmond Hill • Scarborough • Schomberg • Sutton • Toronto • Tottenham • Thornhill, Vaughan • Whitby • Woodbridge

For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor

35

36

Volume 13 Issue 09

11278047_3313

Commercial Real Estate & Business Opportunities

re/mAX fIrST reALTY LTd., BroKerAGe 304 BroCK ST S. 2Nd fLr WHITBY, oNTArIo L1N 4K4

S A L E S R E P R E S E N TAT I V E

905- 432- 630 0

00

,0

0 25

,

$2

DAVID WATKINS

10,000 SQUAre fooT STrIP PLAZA South West Ajax, good condition, gross scheduled income $208,167.

LeASe 2928 SQUAre feeT reTAIL oN HIGHWAY 2 WeST, WHITBY In the Gian Tiger plaza $12.00 sq/ft + tmi.

3313_DJW_0067

3313_DJW_0068

Greater Toronto Area

offICe SPACe for LeASe. NorTH oSHAWA for LeASe $18. SQ/fT KING STreeT eAST oSHAWA mANY ALLoWABLe USeS 4750 SQ/fT Four units starting at just over 500 sq/ft for @ $650.00 per month inclusive. Presently used as an ambulance station, three large roll up doors, Ritson Road North.

3313_DJW_0069 3313_DJW_0070

10 0 % C L U B - H A L L of fAm e - W W W.dAvefIrST.Com 11273619_3313

IRC BUILDING SCIENCES GROUP

Building Science Engineers & Consultants

www.ircgroup.com Our team of Engineers, RCI Registered Roof Consultants and Quality Observers, Project Managers and Coordinators use a unique cooperation and multidisciplinary integration of engineering services to deliver complete building performance expertise to our clients across Canada.

Contact us at 905-607-7244 sales@ircgroup.com

IRC provides engineering and consulting services for all building needs: • Building Condition Assessments • Reserve Fund Studies

• Building Envelope Engineering including: - Roofs - Walls - Windows - Doors

Please say you saw it in The Commercial Investor

- Parking Garages • Pavement Consulting • Thermography • Design and Specification • Quality Observation • 24 Leak Response System

8172756_3313

5G

COM

www.realtyforeveryone.com

905-889-2200

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APARTMENT BUILDINGS TORONTO

• Leased to 2021+ options • 9,500 sq. ft. available for lease on 2nd floor • Elevator to 2nd floor, plus parking

PLAZA IN OSHAWA

• Busy location near banks/ Freshco

• Great locations - steps to transportation

• 7 units -- 5 long-term tenants

• 5% and 7% cap rate

• Easy to manage

• Very busy location in downtown Windsor • Triple $225,000/yr plus available space

FOR LEASE 9,000 SQ.FT. DOWNTOWN WINDSOR

• $1.90/sq.ft.

• Shoppers Drug Mart on main floor • 2nd floor -- elevator • Very bright area

• .75 acre

• Free-rent - fixturing period

$2.6M

8 MAIN ST. E., HAMILTON

• Property leased to 2020 - Headlease with Pizza Pizza • Corner property on Danforth • Parking for 10 cars • 9,000 sq. ft. total • 95 feet of frontage 3313_DJW_5_0040 DUPLEX AND NINE-PLEX AVAILABLE

PLAZA

• Excellent locations in Toronto

• 18,900 sq. ft. in high traffic location

• Close to subway

• Long term tenants

• Detached, brick buildings with parking

• Recent improvements

$580,000 and $870,000

• 6.5% cap rate $3.5M

QEW & CENTENNIAL PARKWAY - 45 GODERICH

Downtown excellent office building. Completely renovated. Air conditioned, heat, hydro, maintenance, janitorial, taxes all included. Steps from the courthouse and McMaster downtown campus.

150 sq ft - $250 mthly.

406 sq ft - $400 mthly.

3313_DJW_1_0009

905-777-0252 ext 304 E-mail:

PIZZA PIZZA

$3.98M

• 24 units and 40 units available

$2.5M and $4.5M

416-508-2949

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• Great opportunityto own acreage in sought after Cottage Country • Within walking distance to Bluewater Beach • Beautiful beaches and amazing scenery • 1.5 hours north of Toronto

cell:

SHOPPERS DRUGMART

ASKING $869,900

info@desantis.com

www.desantis.com 6G

Rita Mollicone, BA

Independently Owned & Operated

Office building with high visibility and easy highway access.

1238 sq. ft. unit available from $11.00 per sq. ft. net featuring several offices, boardroom, plenty of parking & signage.

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8148088_3313

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HomeLife/Bayview Realty Inc., Brokerage

100+ ACRES GEORGIAN BAY

COM

ritamollicone@rogers.com

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7G

COM

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COM

9G

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Robina McCracken SALES REPRESENTATIVE

416-366-5555

Independently Owned & Operated

email: robina@robina.ca

11277379_3313

INVESTMENT OPPORTUNITY!

$1,399,000

A WHALE OF A DEAL...

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3313_DJW_4_0035

23 acres of prime land on Hwy 89, close to Hwy 400. 20 mins from Toronto. Approx. 8 acres buildable. 2.81 acres of farm residential & 5.60 acres industrial commercial. High profile location.

Backs onto a golf course. Walk to Wal-Mart, McDonalds, New Tim Horton’s, grocery store, plaza, & Honda plant. Rare multiple zoning usage: auto wreck, towing, salvage, storage, truck depot, plaza, motel, retirement home. Buyers bring your land developers! Price reduced for quick sale!

Motivated Seller!! Also available for lease.

$199,000

INCREDIBLE OPPORTUNITY

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D L O S $998,000

For more details contact

$1,299,998

Money making-great investment opportunity!

Legal 3 apt duplex in Port Credit! Extreme makeover renovations (2013). Renovated top to bottom, designed & decorated, new floors, paint, marble floor bathrooms, prof. landscaped w/interlocking stone, 10+ car driveway. Huge 50x196 feet lot, inground pool & pool house w/skylight. 3 full gourmet kits, 3 full washrooms. Great for in-laws!

Truly magnificent prop. On most prestigious street in Mississauga. Too many upgrades to list! Possibility of building another unit.

Robina McCracken, Sales Representative, Robina Dream Realty Inc., Brokerage. Email: robina@robina.ca

Visit our website:

11277947_3313

WOW!

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to own a legal 3 apt triplex in trendy Port Credit! Immaculate condition, totally renovated. Hardwood flrs, prof. decorated & painted. Each suite has ensuite laundry. All apartments are separately metered & have separate hot water tanks. Great residential & quiet location. Walk to lake, parks, restaurants & shopping! Live there and rent, or investment property. Possibility of building another unit. Move in condition. Priced to sell! Motivated seller!!

A 12 acre land parcel! It has 2 barns, well & hydro service. Horse barn has concrete floors. 1 mile from new golf course.

Designated residential and farm agricultural. Live in the country-build your own home! Located off Hwy 56 South. Quick sale!! Property is being sold as is under Power of Sale.

w w w. r o b i n a d r e a m r e a l t y. c o m

EMPIRE REAL ESTATE SERVICE LTD. Brokerage OFFICE

519.767.2392 TOLL FREE

1.800.461.9416

T R A I L E R PA R K S M A K E G R E AT I N V E S T M E N T S W I T H STRONG CASH FLOW! Open only 6 months a year they afford owners plenty of time off in the winter.

MUSKOKA FAMILY CAMPGROUND

This park is located less than 2 hours north of the GTA on 90 acres of beautifully treed property and on a high traffic highway. Currently it has 250 sites and can be expanded by another 125. There is a large swimming pool, rec. hall, newer house for the owner or manager to live in, a store and reception area and several rental cabins. Most of the sites are rented to seasonal campers with a few retained for USE by overnighters. All water, hydro and septic systems are in excellent condition and this park is a money maker with very strong upside potential.

SOUTHWESTERN ONTARIO

DOUGLA S

R I E L LY Broker of Record

519

820.6571 Email

DouglasRielly@gmail.com 10G COM

Formerly a ski club, this park sits on 40 acres of gently rolling, nicely treed land with a couple of the old ski runs still in place. There is a very large rec hall with 2 woodburning fireplaces, dance area and a fully equipped kitchen. There are 77 sites, swimming pool and a 12 yr. old home for the owner. Many of the sites are rented yearly to snowbirds.

There is room to expand with approvals from the municipality. New septic system 2012 with all approvals and water system meets current legislation. A nice easy to run park with potential.

KAWARTHA REGION

This park is 90 minutes drive to 401 and Yonge Street. It is on 70 acres of land with approximately 1,700 feet of riverfront. Currently the park has 80 seasonal sites and 32 year round sites, enclosed swimming pool, maintenance building and recreation hall for the campers. Approvals in place for another 125 sites and the possibility of increasing this to 250. This park is in pristine condition with little to do. The future for this property is very positive.

w w w. t r a i l e r p a r k s f o r s a l e . c a

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H

A

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Mazhar Roshan Sales Representative

905.929.9800

Direct

905.318.3800

24 Hr. Pager

BROKERAGE

mazharroshan@sympatico.ca mazharroshan@hotmail.com GREAT BURLINGTON LOCATION $129,900 3313_DJW_1_0019

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BUSINESS FOR SALE

Long established mattress manufacturing business for sale, owner retiring. Lucrative opportunity for business enterpreneur, easy operation, money maker. Seller will provide full training and establish list, for more details call.

Restaurant/Bar/Poolhall business, runs on short hours Monday-Saturday, 15,000 sq ft facilitiy with very reasonable rent and long lease, hands-on entrepreneur needed, lots of potential, showings after 2 pm.

BUSINESS FOR SALE HAMILTON $229,900 3313_DJW_1_0002

Long established convenience store, totally upgraded, doing over 15K per week + Lotto, no competition near by, good opportunity, call LBO for more information.

BUSINESS FOR SALE HAMILTON ASKING $29,900

sold

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price reduced

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CONVENIENCE STORE - HAMILTON ASKING $209,000 PROPERTY & EQUIPMENT

ED

3313_DJW_1_0003

BUSINESS FOR SALE BURLINGTON $99,900

Located in highly growing neighbourhood on Stoney Creek Mountain next to new Walmart & Financial Institutes, in a plaza with 3310 sq ft retail space available (can be divided).

Other tenants include drive thru Tim Hortons, Esso Gas Station, Avondale, Gino Pizza & many more. TMI is estimated 10.00 PSF, immediate possession avail.

AS

Very busy and desirable location on Hamilton Mountain. Money making, long established sandwich and sub shop doing over 5000 per week in sales, owners absentees operation, good for family operation or hands on entrepreneur, reasonable rent and long lease, please do not go direct, call LBO.

LE

3313_DJW_1_0034

RETAIL STONEY CREEK MOUNTAIN

3313_DJW_2_0024

HAMILTON MOUNTAIN

FOR LEASE BRANTFORD

FOR LEASE

LAND FOR SALE

Retail commercial space in strip plaza. Anchored by Tim Hortons. Close to 403 exit and rapidly growing commercial sector. Suitable for many kinds of retail, commercial or office uses, TMI for 2012 is $5.00 per square foot, call LBO for more information and showings.

Very desirable area of Stoney Creek Mountain. Next to the new Walmart/ Financial Institutes, new homes coming to the area in a plaza, 1366 sq ft office space available. Ideal for lawyers, doctors, dentist and insurance agents. 6 offices available with separate receptions and kitchen areas.

OTHER TENANTS INCLUDE TIM HORTONS, ESSO, G/S, AVONDALE, GINO’S PIZZA & MANY MORE. TMI’S ESTIMATED 9.00 PSF.

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Long established variety store doing $7000 per week and $1500/Lottery per month. Rent is $3500 including all.

Motivated seller.

3313_DJW_1_0044

Great Hamilton Mountain location, retail convenience business with property, lots of potential! Kitchen established license for 15. Lottery terminal making about 1000 per month. Good for small entrepreneur or family business. Be your own boss, buy the business with totally upgraded property! Store also available for lease or rent.

3313_DJW_1_6668

Location, Location, Location! Long established variety store, doing 25K sales per month + lottery + more, need prudent enterpreneur, great for family run operation, long lease reasonable rent, call LBO for more information.

Excellent investment opportunity for builder or your own home. Attractively priced bldg lots in prime Niagara area.

Mins to QEW, Niagara Falls & US border. Nice country setting with munic water & n/gas avail. 12 lots to choose from, 1 with 4 acre parcel. Buyer responsible for costs, availability of permits, levies & dev charges.

MONEY MAKING FRANCHISE BUSINESS Net income over $150,000 per year. Better than a convenience or grocery store. Reasonable rent and long lease.

For details call Mazhar Roshan. (Principals only please) 13G COM

legallyspeaking

Rental Applications -

When can Landlords retain deposits?

By Jayson Schwarz and Konstantine Chatzidimos

I

f you are reading this article you may currently own or may be considering acquiring a residential investment property. Ownership of such properties typically involves the vetting of prospective tenancy candidates via a rental application process followed by the negotiation of a formal lease. This article discusses a recent decision of the Ontario Court of Appeal which explored the meaning of the term ‘rent deposit’.

The court’s decision may surprise you.

Musilla v. Avcan Management Inc. In this case Sarah Musilla filled out a rental application form for a one-year tenancy and provided it to the landlord along with the required deposit cheque equivalent to one month’s rent. Six weeks before the tenancy was to have commenced, she backed out of the agreement and refused to sign the lease as contemplated in the rental application. She never took possession of the property. Ms. Musilla then sued to get her deposit back. This would seem like an easy one for the Landlord but not so.

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At the Landlord and Tenant Board (the “Board”) and the Ontario Divisional Court Ms. Musilla relied on subsection 107(1) of the Residential Tenancies Act (“RTA”) which states that a landlord “…shall repay the amount received as a rent deposit in respect of a rental unit if vacant possession of the unit is not given to the prospective tenant.” Ms. Musilla argued that she was entitled to a refund because she had not taken possession of the unit – regardless of the reason why. The Board and Divisional Court disagreed and held that tenants cannot unilaterally terminate tenancies prior to taking possession and then claim the deposit back. It makes sense for the Landlord to keep the deposit ...

Well, not for Ms. Musilla who appealed to the Ontario Court of Appeal.

The Court considered whether the deposit provided by Ms. Musilla actually represented a “security deposit”. The Court reasoned that the rental application signed by Ms. Musilla was not a lease; this was confirmed by the wording on the very application form which contemplated that an accepted prospective tenant would execute a formal lease prior to moving in. Moreover, the RTA states that payment of last month’s rent is the only circumstance where a landlord can retain a “security deposit”. As such, the deposit provided

by Ms. Musilla with her rental application did not constitute a “security deposit” as there was no tenancy established at that point given no lease was signed. The result in this case was that Avcan Management Inc. was not authorized under the RTA to keep Ms. Musilla’s money for her failure to enter into the lease.

Conclusion Rental application forms such as the one considered in this case are commonly used by landlords as a way of vetting potential tenants; deposit cheques are typically provided with such applications. As you can appreciate, the Court’s recent decision in this matter has potential to create problems vis-à-vis this established practice. Deposits are required so as to establish that prospective tenants are serious in applying to rent a unit as well as to incentivize landlords into holding the desired units.

It will be interesting to see how this decision affects matters going forward.

If you are a prospective residential landlord, it may not be a bad idea to have your rental application form reviewed by a lawyer experienced in this field as it seems that the Court’s decision applies only to situations where it is unclear whether a deposit may be returned if a lease is not entered into.

Perhaps the most difficult part of writing these articles relates not to the actual writing, but thinking of a topic to address. Please mail, deliver or fax letters to the magazine or to us, use the web site (www.schwarzlaw.ca), email (kchatz@schwarzlaw.ca), or phone us at 888-609-8888 and give us your questions, concerns, critiques and quandaries. We will try to deal with them in print or electronic form.

Jayson Schwarz LL.M is a Toronto business lawyer and senior partner in the law firm Schwarz Law LLP. Konstantine Chatzidimos is a Toronto business lawyer and associate in the firm.

COMMERCIAL CONDOMINIUMS IN WATERDOWN ■ Great opportunity to be your own landlord.

From $249,900

■ Commercial condominiums available in rapidly expanding Waterdown.

■ Located in the commercial corridor with many newly built homes close by.

■ Perfect for clinical, retail and offices.

Call listing broker for permitted uses 3313_DJW_0051

905-689-PEAK (7325) Iouri Chestopalov

5 Hamilton St. N. Waterdown ON L0R 2H0

11278066_3313

Phil Calvano Broker of Record Cathy Calvano Sales Representative

I have Qualified

Sales Representative

CROSSROADS REALTY INC. Brokerage

11278037_3313

B u y e r s f o r Yo u r

416.939.5284 investment property F 1.888.786.2870 from $600K E iouri@ontarioinvestments.ca www.ontarioinvestments.ca up to $6 Million C

Independently Owned and Operated

5799 Yonge Street, Suite 503, Toronto, Ontario M2M 3V3

6 UNITS MULTI RESIDENTIAL BUILDING

OFFICE 500 SQ. FT FOR SALE

INDUSTRIAL MULTIUSE CONDO 5,500 SQ. FT. FOR SALE

158 Islington Avenue, Toronto NOI % 6.7 MLS #W2646896

32 South Unionville Ave. S, Markham MLS #N2709141

1 Goodmark Pl Unit 7, Toronto MLS #W2664857

$

1,049,000 3313_DJW_0061

$

170,000 3313_DJW_0062

$

699,000 3313_DJW_0063

15G COM

businessbarometer

Small business confidence sees big increase in July

S

mall business confidence increased smartly in July, according to the Canadian

Federation of Independent Business (CFIB). The Business Barometer index rose almost five points to 64.2, making up nearly all the ground lost in the previous four months.

“Canada’s small and mid-size business owners are considerably more optimistic than they were just a month ago, and the current index reading is the best since February,” said Ted Mallett, CFIB’s vice-president and chief economist.“Most of this turnaround is the result of much better numbers out of Ontario. Interestingly, the recent floods did not have a significant net impact on Alberta’s numbers, which would suggest the province is already getting back on track.”

16G COM

Entrepreneurs in Saskatchewan (71.2) are the most optimistic in Canada, although post-flood Alberta (66.8), Newfoundland and Labrador (66.7) and now Ontario (66.5) are close behind. British Columbia (64.9) is above the national average, while New Brunswick (58.9), Manitoba (58.0), Nova Scotia (57.0) and Quebec (56.4) are all below. Prince Edward Island (49.2) remains at the bottom end of the scale.

“We see steady or improving business confidence in most sectors, particularly construction and manufacturing, with retail the only sector notably on the downside,” added Mallett.“A number of factors, including changes in pricing and hiring plans, new orders, capital spending, customer demand, and labour availability suggest an improvement in business performance, which is good news for the Canadian economy.”

Measured on a scale of 0 and 100, an index level above 50 means owners expecting their businesses’ performance to be stronger in the next year outnumber those expecting weaker performance. According to past results, index levels normally range between 65 and 70 when the economy is growing at its potential. Findings are based on 1,135 responses, collected from a stratified random sample of CFIB members, to a controlled-access web survey from July 1 to 17. Results are considered statistically accurate to +/- 2.9 per cent 19 times in 20.

Read the July 2013 Business Barometer at www.cfib.ca/barometer.

CFIB is Canada’s largest association of small and medium-sized businesses with 109,000 members across every sector and region.

$1,995,000

Great location in the heart of Downtown Kitchener.

Featuring 6,400 sf of main floor retail space and 10,800 sf of upper office space together with 4 bachelor apartments, situated on a high traffic intersection, and fully leased. Asking $1,995,000. MLS.

$790,000

Solid 8-plex in popular rental area of Kitchener located seconds from the 7/8 expressway, shopping, schools and on public transit route. The building is comprised of 2 bachelor and 6 one bedroom units and has undergone many recent improvements including roof and eaves, new water softener, windows, balcony railings, extensive brick and chimney work, and 6 units remodelled. MLS

- Last unit remaining - 3rd floor suite w/private offices - From 1,904SF to 2,425SF available - Elevator, onsite parking, close to expressway.

1223 KING STREET ST, JACOBS

$359,900

3313_DJW_2_0061

Great exposure on King Street located directly beside Tim Hortons on main arty of St. Jacobs. This 3 bedroom 2 bathroom home features large principal rooms, oversized attached garage, fully fenced lot, newer furnace. M-5 zoning allows for many commercial uses.

3313_DJW_2_0104

AS

PORT ELGIN For lease 2,400 SF, only unit in 30,000 SF plaza, former Curves space, excellent location, unit in great condition.

ED

FREDERICK MALL, KITCHENER

$9.50/SF

3313_DJW_3_0039

450 FREDERICK STREET, KITCHENER

6000 sq. ft. restaurant situated on .87 of an acre lot zoned C-6. Ideally located on main artery close to downtown Kitchener. Seating for 400 patrons plus 85 seat patio. Features: ample parking, fully operational kitchen and great exposure.

LE

Own a piece of Preston's history! The Grand River Hotel has been operating as a Country and Western bar and grill for over 30 years. Situated on 0.42 of an acre with paved parking for 20 vehicles, and located on a high traffic corner. The building features 6,700 square feet of main floor space with 19 rental rooms on the upper 2 levels, and is licensed for 460 patrons.

$1,295,000

3313_DJW_3_0024

KITCHENER

3313_DJW_3_0070

$899,900

1458 WEBER STREET E., KITCHENER

3313_DJW_4_0057

3313_DJW_2_0063

High profile office building in Huron Business Park.

Built in 2002, the building is situated on a 2 acre lot and is comprised of 15,000 square feet of finished office space, 5000 square feet of warehouse space, and large rear parking lot that is completely fenced.

B-2 zoning allows for commercial uses including manufacturing, educational, religious institute, laboratory, repair service, etc.

1102 KING STREET, PRESTON

MIXED USE BUILDING IN DOWNTOWN KITCHENER

3313_DJW_1_7777

$2,950,000

CO UN NT DE RA R CT

139 WASHBURN DRIVE, KITCHENER

WATERLOO INVESTMENT For sale. Exclusive Principals only, $929,900 C T main floor T RA retail (w/basement), 2 flRoors C OofNresidential apts w/long E term tenants. U N D ROCKWOOD, ON Close to Guelph, Tim Hortons. Ideal for restaurant & services uses. Pre-leasing.

NORTH DUMFRIES INDUSTRIAL For sale: $2.2M. 15,000SF - fully leased. On 4 acres, backs onto Hwy #401

- Retail units and Pad Site available - Mall undergoing extensive renovations - On Bus line - On Expressway - Join Valumart, CIBC, Dollarama and many more

DUNCAN McLEAN

RYAN BRIGGS

SALES REPRESENTATIVE

SALES REPRESENTATIVE

OFFICE

519.578.0337 x22

OFFICE

519.578.0337 x19

CELL

519.590.7997

CELL

519.498.5775

FAX

519.578.0025

FAX

519.578.0025

Duncan@cmarealty.ca

KITCHENER ONTARIO 11278035_3313

Ryan@cmarealty.ca 17G COM

Commercial Properties Business Opportunities Franchise Openings & more!

3313_DJW_0020

11277946_3313

ENTREPRENEURS, DEVELOPERS AND OPPORTUNISTS!!!

$2.3 MILLION Charles Hanes, Broker, iPro Realty 1-877-306-4776 I 1-416-871-6981 (Direct) Wilfred McIntee & Co. Ltd., Brokerage 105 Garafraxa St. N. Durham, ON N0G 1R0

Town of Durham - Junction of Hwys #6 & #4 55 miles N of Guelph, 50 miles NW of Orangeville, 65 miles NE of Kitchener

$595,000

519.369.2128

COMMERCIAL BUILDING IN HANOVER 2 1/2 yr old building in Hanover industrial park.

This building is approx. 7100 sq. ft. with main floor foyer, showroom, boardroom, offices, storage & workshop. Lower level has overhead doors, storage & utility. Natural gas heat, 200 amp, 600 volt hydro 3 phase, step down transformer. #12-102. Ask for Glen

11255951_3313

Glen G. Reay SALES REPRESENTATIVE CELL:

Here’s an opportunity to pick up the marbles and run! FULLY APPROVED “SHOVEL-READY” 32 UNIT IN CITY LAKEFRONT CONDO DEVELOPMENT SITE FOR SALE. Originally bought by a group of NHL players for $3.2 M. Then another $800,000 in legal, architectural, marketing and sales material (all of which is included)! There is even a sales pavilion on site! They sold 40% of the units immediately but failed to Register with Tarion and everything came to a screaming halt, deposits returned, leading to bankruptcy. Many unique features like “build at 25’ from the shore” (100’ today) approved 8 boat docks (0 today).

Listed at $2.3Million or develop your own dream/family estate. For a comprehensive Offering Memorandum contact Charles Hanes, Broker.

519.369.4113

3313_DJW_1_0048

11278067_3313

Email:

glen.reay@mcintee.ca • www.glenreay.ca

•

www.mcintee.ca

260 VINE ST. - $799,000 - 10 UNITS ®

Paul Sipos Sales Representative

905.646.9001

3313_DJW_2_0052

sutton group skyway realty inc., brokerage

Rare find!! Excellent north end location for this mansion built in the mid 1800’s wiith 10 res units while retaining its original character. Loads of parking and resting on a 76’ x 235’ lot. Basement complimented with laundry facilities, party room & workshop.

Unfinished loft. Improvements to electrical, heat & roof. Easy to view. Virtual Tour @

www.paulsipos.com

call paul sipos for details and package. your “niagara region Multi-unit connection” whether “buying or selling”. Member of the National Commercial Council and Commercial Council of Niagara. licensed since 1986. contact me to receive information on other available buildings in the area and view the interiors.

Be Seen in the limelight!

Highlight your hot, new and unique listings.

Feature 2 properties and your agent photo in a full colour quarter page ad.

Reserve your space today!

416-784-5060.

THE COMMERCIAL INVESTOR: SPOTLIGHT 18G COM

Commercial Properties • Business Opportunities • Franchise Openings & more!

BANCROFT/BAPTISE LAKE Eastern Realty Inc., Brokerage Toll Free: Office:

800.561.6383 705.292.9551

Grant Gibson Sales Representative #1 AGENT for 2012, 11, 10, 09, 08, 07, 06 email: grantgibson.net

NEW EXCLUSIVE

Great opportunity for this 4 unit plaza located in Lakefield. Purpose built 4800 sq. ft. brick with glass store front building. Each unit is 1,200 sq. ft. and separately metered.

Good visual exposure with 150 feet of road frontage and paved parking lot. Building was just renovated and currently vacant to alow the Buyer to pick their own tenants.

3313_DJW_0022

STEELES AVE./MISSISSAUGA

Exit Realty Hare (Peel) Brokerage Independently Owned & Operated

Eugene Dignum

Stephen Dignum

Sales Representative

Sales Representative

Rare 2 acre parcel. Corner property on Hwy 10.

Minutes north of Brampton. Town water and gas. Commercial property on adjacent corner.

1.866.297.3948 I

www.eugenedignum.com

$2,500,000

Brokerage

3313_DJW_1_0004

Independently Owned and Operated

Paul Manion Sales Representative

Just west of the City of Waterloo.

Giant Tiger and additional retail space. Surrounded by national tenants. 27,800 sq. ft.

Asking $2,500,000.

Call Paul for details 905. 731. 2000

HomeLife Macro Realty Inc., Brokerage

Independently Owned & Operated

Milena Sozio Broker Cell:

Last remaining 1.87 acre parcel in business gateway to Brampton. Office Centre Designation.

Lease/Build to suit option available.

Listed $2,100,000.

TOWN OF LISTOWEL

Royal LePage Your Community Realty,

11278057_3313

$349,900

3313_DJW_1_0050

11277268_3313

www.grantgibson.net

4 UNIT PLAZA

Once in a lifetime opportunity to own a unique property on prestigious Baptiste Lake. Features amazing panoramic sunset views across the big part of the lake & has over 9,600 sq. ft. of space.

The building is only nine years old & has been quality built with no attention to detail overlooked. On the main floor there are three one bedroom apartments with private balconies overlooking the lake side $894,900 & fantastic views for miles. The current owners rent these units during the summer months by the day or week & in the off season by the month.

Lower level features walkout to lakefront patio & fully licnesed 65 seat restaurant overlooking the lake that is operated during the summer months. Includes a large separate apartment for rental plus an attached garage with tile flooring. 3313_DJW_0021

3313_DJW_1_0080

9631429_3313

Commercial Properties Business Opportunities Franchise Openings & more!

905.512.6842

Email: milena@homelife.com

THE COMMERCIAL INVESTOR: SPOTLIGHT

3313_DJW_1_0005

Successful Pizza franchise average 30% growth in last 3 years as seen on Food Network “Giving You The Business” in a busy Brantford location. http://www.youtube.com/ watch?v=sFOaCmCm9Hc&sns=em Please do not go direct. Priced to sell! Delivery area is all of Brantford. Great opportunity to expand with new locations. Turnkey operation. 17 school lunch programs, numerous business accounts, consistent sales growth, well $185,000 known in Community, long term experienced kitchen staff, experienced team leader, located on a Main Street in busy neighbourhood business plaza. Financial details available upon request. Call now for more information. MLS #H3114515.

3313_DJW_0071

Commercial Properties • Business Opportunities • Franchise Openings & more!

19G COM

20G COM

and Equipped with, New A/c, Nitrogen air, new alignment, new scanners, so much more. Sales over $700k per annum. Inventory

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

$319,000 BRADFORD - BUY 26,000 SQ FT BUILDING SuperiorTireForSale.ca AND BECOME A LANDLORD! $1,750,000

3313_DJW_0077

3313_DJW_0076

3313_DJW_2_0065

RESTAURANT FRANCHISE MCCOWAN/401 SUPERIOR TIRE HWY 7/PINE VALLEY SymposiumForSale.ca Asking Price $249,000 $289,000

37

extra $60k. Training for the right person provided.

283 FRONTAGE ON YONGE ST. STORE FRONT YONGE & 407 SHOP FOR RENT 1723 VICTORIA PARK

All day breakfast, open 7 days a week with increasing sales. Weekly avg. $12-$14K/wk. Training included, growing franchise, several sites under construction. http://www.panagiosforsale.ca/. Call Tom Today.

Specializing in full mechanical repairs, custom wheel and tires, accessories, new equipment, 8 bays new alignment, $730K per year avg. sales. http://www.superiortireforsale.ca/

283 ft. frontage, close to Hwy 404 & Go Train.

5 of 6 units are currently occupied. Separate piece of land with almost 2 acres included in price. http://www.121bridgestreet.com/

PanagiosForSale.ca

Superiortireforsale.ca

121bridgestreet.com

McCowan/Hwy 7 Markham

Bradford

Yonge/Steeles

Fitness Gym equipped and ready for new operator! over 9500 square Empty and fully equipped Fitness club/ Gym, Taekwon do or make it your new Industrial warehouse/ Mechanic Shop for Lease 5,000 Sq Ft, showroom of 9500 sq ft FoR LEASE on Yonge Street in Total GRoSSASKING RENT $1,750,000 $7560/mth. Includes BRADFORD Bradford, just minuted north of Newmarket. Equipment to over a Hundred Thousand in Equipment, be negotiated. RENT Asking $4275/Mo net plus T.M.I. 7713YongeStreet.com Showroom & Leaseholds, Turn Key. $1.60 P.S.F. CALL ToDAY ToTAL RENT IS $5540 + HST

$39,000

121 BridgeStreet.com

Auto Repair and Auto Body

2 Medical office Suites For Lease 2 Units Available! 1st Suite is 1,785 sq ft with 4 Separate offices & Reception. 2nd Unit is 1,060 sq ft with 3 Private$2400/MO. offices, Waiting Room & Reception Area

Fitness Gym

2BayShop.com

Medical Office Suites

11278063_3313

BRADFORD

Low RENT oNLY $2300/Mo with 26 seats, open Mon-Fri 11:30-8pm Sat 3-8 Must Be Sold $49,000.

2010 2011

JD’s Fish n Chips

SALES REPRESENTATIVE

Woodstock, ON BROKERAGE*

sellwithTom@rogers.com Bakers Dozen Donut DRIVE-THRU

CALL TOM DIRECT 416-520-3601 2009

PhaseOne PhaseTwo SiteRemediation Environmental Site Assessments

8297113_3313

For ~ purchasers ~ vendors ~ realtors and lenders

Borehole Drilling Soil Sampling Groundwater Testing

Underground Tanks Asbestos Removal Demolition

~ Fast turnaround to meet closing deadlines ~ ~ Cost effective assessments by experienced environmental scientists ~ ~ Over 15 years of experience assessing Commercial, Industrial & Residential Properties for Brokers, Property Management Firms & Financial Institutions ~ Please call to receive our free report on new changes to environmental regulations ~

905.825.2943 871 Equestrian Court, Oakville

~ Servicing All of Southern Ontario ~ Please say you saw it in The Commercial Investor

Greater Toronto Area

TORONTOBUSINESSFORSALE.CA

CENTURY 21 HERITAGE GROUP LTD.,

11160 Yonge St. Richmond Hill Woodstock ontario, Busy over $8500/ *Each offie is independently owned and operated wk sales, rent*Not $4300, CALL ToDAY Intended to solicitor properties currently listed $99,000.

Tom Tsambourlianos

38

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

“Let MY Transform Your Dream Home Into Reality.”

Heritage Group Ltd., Brokerage Each Office Is Independently Owned And Operated 7330 Yonge Street, Thornhill, ON L4J 7Y7 Tel 905.764.7111 Fax 905.764.1274

Email: info@mytran.ca

MY TRAN Sales Representative

905-660-3230

( Direct Line )

Visit My Free Online Home Finder Website:

S

R

FO

0

,00

5 36

$

www.MYTRAN.ca

COMMERCIAL / RETAIL UNIT ON STEELES AVE WEST 8147032_3313

E AL

VAUGHAN Steeles Ave West & Keele Rare Commercial Condo. Located Just Steps from the TorontoYork-Spadina Subway Extension Excellent Traffic.

Great Opportunity To Own, For Investment & Leasing.

TO VIEW CALL MY, 905-660-3230

R FO

LE

SA

00

,0 49

$7

STUNNING 4 BEDROOM HOME with FINISHED BASEMENT

EXIT 149 STORAGE - 2492 WEST SERVICE RD., WAUBAUSHENE, ON

1-888-440-4204 www.Exit149storage.com

SPECIALIZING IN FIRST-TIME HOME BUYERS - FULL SERVICE LISTING & SHOWINGS Not intended to solicit person under contract

11208873_3313

FOR ALL YOUR NORTHERN STORAGE NEEDS!

3313_DJW_0101

MULTI USE UNIT IN BRAMPTON LOCATION

Excellent Plaza with high traffic area. At entrance of a feeder street to a large population of houses. Only unit with large outside patio space. Very empty and raw unit easy to transform into desired space requirements.

Located at 80 Pertosa Dr unit 1 off of Bovaird Dr. and Chinguacousy Rd in Brampton.

Bridlewood Real State Ltd. 11278139_3313

Greater Toronto Area

VAUGHAN Dufferin & Major Mackenzie Perfectly Situated 2700SF Four Bedroom Home.

W/O To Large Patio Deck. Close by Schools, Transit & Shopping.

TO VIEW CALL MY, 905-660-3230

Frank Ieraci, Broker

416-821-8051 ieracif@gmail.com Please say you saw it in The Commercial Investor

Commercial Real Estate & Business Opportunities

39

Greater Toronto Area

11276658_3313

Volume 13 Issue 09

Prime office sPace

Rarely offered, modern class “A� office at Shops at Don Mills! A stunning 3.383 sq. ft. unit with hundreds of thousands of dollars in leaseholds $18.95 Sq. Ft. Net.

Please say say you you saw saw it it in in The The Commercial Commercial Investor Investor Please

40

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities SELLING REAL ESTATE FOR OVER 24 YEARS

Platinum Award Winner

Bill Morrison SALES REPRESENTATIVE

Direct:

Heritage Realty Inc., Brokerage

905-619-9500

Independently Owned and Operated

WHITBY

Email:

morrisonb@sutton.com CASH COW - INVESTMENT OPPORTUNITY LEASED BUILDING

Greater Toronto Area

Long term lease with 6% CAP Rate on Brock St. in downtown Whitby. Outstanding property and building. No work to do.

Just cash your cheque every month. Asking $1,050,000.

10527900_3313

Toronto line: 416 798 7278

3313_DJW_1_0114

DRIVING RANGE

Have a money maker, “cash cow” in the making.

Zoned and site planned approved for driving range, mini golf, 2400 sq. ft. Restaurant and a gorgeous open concept 3500 sq. ft. bungalow. All on 41 acres. On busy road next to future Hwy 407 ramp.

3313_DJW_2_0034

I URGENTLY NEED MORE PROPERTY TO SELL IN ALL AREAS,

BUYERS ARE WAITING.

Call Bill Morrison to sell yours! FREE consultation call Bill 905-619-9500 Please Please say say you you saw saw it it in in The The Commercial Commercial Investor Investor

Volume 13 Issue 09

41

Commercial Real Estate & Business Opportunities 11265283_3313

Igor Chouminov President, Broker of Record

PAII REALTY INC.

Brokerage

416.877.0326 igor@paiirealty.com INVESTMENT AND DEVELOPMENT REAL ESTATE

AtteNtION CUStOM HOMe BUILDeRS

TOWNHOUSE DEVELOPMENT SITE, RICHMOND HILL ON

TOWNHOUSE DEVELOPMENT SITE, RICHMOND HILL ON

• 17 unit Townhouse Site, 3 storey units w/20 ft fronts over 2500 sf each with large backyards.

Modern Design: 15 Unit Townhouse Site, 20ft fronts, 2200sf+, 3 storey, large backyards, upscale neighborhood.

• Great neighborhood walking distance to shopping, schools and transport.

Priced at $3,750,000

Priced at $4,500,000 3313_DJW_1_0101

3313_DJW_1_0102

RETAIL PLAZA/CONDO DEVELOPMENT SITE, SCARBOROUGH, ON • Under secondary plan for mixed use condominium development.

• Retail Plaza current net income: $200,000/year • Great investment/Development opportunity!

Priced at $6,000,000 3313_DJW_1_0103

COMING SOON to Richmond Hill, Estate Lots on Exclusive Street, Lots over 60ft, with Depths of over 150ft, Homes in the Area selling over $2M+++, Lots to priced Starting in the Low $900,000s.

Please call for Details!

ACTIVELY LOOKING FOR: COMMERCIAL AND RESIDENTIAL PROPERTY FOR DEVELOPMENT SITE PLAN APPROVED PROJECTS RETAIL PLAZAS AND OTHER INVESTMENT PROPERTIES INVESTORS FOR REAL ESTATE PROJECTS ACROSS THE GTA!

businesssmarts

Greater Toronto Area

-

Finding ways to attract and retain top talent

T

he cost of hiring and training new employees is significant for any organization and it can be especially challenging for small and medium sized businesses.

• A flexible schedule is a bonus – A flexible schedule is increasingly becoming an important factor in employee satisfaction. Many employees, including those with long commutes or young children, often want the flexibility to shift their working hours.

“Attracting and retaining top talent is a sure way to keep your business competitive,” explains John Carinci, head, Group & Business Markets, RBC Insurance. “However, it can sometimes be a challenge for small and medium sized business owners to find the time to research and identify what their employees really want.”

• Maintain a positive work culture – Small businesses can offer something that larger companies sometimes can’t – a tightknit team. Feeling connected to other colleagues not only makes the workday more enjoyable, but can also increase employee commitment and productivity.

RBC Insurance offers the following ideas to help your business retain its top talent: • Watch for the warning signs – Watch for any red flags that may signal an unsatisfied employee and focus on employee engagement throughout the year, not just during performance review periods.

• It’s all about the total package – Along with a competitive salary, employees want a full suite of benefits – disability, health, dental insurance, retirement plans and more. This can be challenging for smaller businesses, but there are options. For information, visit rbcinsurance.com/groupbenefits.

Please say you saw it in The Commercial Investor

NC

42

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

11237352_3313

Greater Toronto Area

Please say you saw it in The Commercial Investor

Volume 13 Issue 09

43

Commercial Real Estate & Business Opportunities

8975448_3313 3313_DJW_2_0020 3313_DJW_0042

$460,000 BRAND NEW 1,535 SQ FT UNIT IN NEWLY DEVELOPMENT PLAZA! TONS OF PARKING, EXCELLENT EXPOSURE! IDEAL FOR PROFESSIONALS & SMALL BUSINESS OWNERS!

3313_DJW_1_0046

$900,000 CALLING ALL BUILDERS! RARE OFFERING! OPPORTUNITY KNOCKS! PLANS ARE AVAILABLE TO BUILD 10 TOWNHOUSES ALONG WITH COMMERCIAL SPACE! CLOSE TO MAJOR HIGHWAY & PUBLIC TRANSIT!

3313_DJW_2_0021

$1,300,000 FABULOUS COMPLETELY RENOVATED COMMERCIAL SPACE FEATURING APPROX 530K IN RECENT UPGS! RECONSTRUCTED FROM INSIDE AS WELL AS OUTSIDE & INCLS NEW ROOF, WOOD FRAMING, STUCCO, HVAC, DRYWALL & INSULATION, UPDATED PLUMBING & ELECTRICALS!

3313_DJW_2_0009

$259,000 EXCELLENT BUSINESS OPPORTUNITY! UPSCALE MEDITERRANEAN RESTAURANT! BEAUTIFUL PATIO & BAR, PLENTY OF EXPOSURE & AMPLE PARKING, TURN KEY OPERATION, LLBO, BANQUET FACILITY, APPROX 6,000 SQ FT OF SPACE, LIST OF CHATTELS & FIXTURES AVAILABLE!

3313_DJW_0044

$299,900 RARE OFFERING! ONE THE LONGEST RUNNING INDIAN RESTAURANTS IN THE CITY! SAME LOCATION FOR OVER 2 DECADES, ESTABLISHED CLIENTELE, GREAT TURNKEY OPERATION, OWNERS ARE RETIRING & WILLING TO TRAIN, GROSS OVER 300 K YEARLY, LEASE EXPIRES IN 2015 WITH AN OPTION TO RENEW FOR 5 MORE!

3313_DJW_0043

$399,900 GREAT OPPORTUNITY TO OWN A VERY BUSY MEDITERRANEAN RESTAURANT! GROWING FRANCHISE, LOW 2% ROYALTY, TURN-KEY OPERATION, GROSS ANNUAL SALES OF 600K, ALL EXISTING EQUIPMENT INCLUDED, SELLER WILLING TO TRAIN, LLBO LICENSED!

LUXURIOUS SPA OFFERING A WIDE RANGE OF PERSONAL CARE SERVICES! HIGH TRAFFIC AREA WITH STEADY CLIENTELLE, FULLY LICENCED, OVER 200K OF SPECIALISED EQUIPMENT, $2,700 MONTHLY RENT, 3.5 YEARS REMAINING ON THE LEASE WITH AN OPTION TO RENEW FOR 5 MORE!

WELL ESTABLISHED COIN LAUNDRY IN A BUSY STRIP MALL! TONS OF PARKING AVAILABLE, REGULAR CLIENTELLE, EASY LOADING & UNLOADING, SECURITY CAMERAS WITH PRIVATE MONITOR, APPROX 1,660 SQ FT OF SPACE!

PRIME RETAIL SPACE WITH HIGH PROFILE EXPOSURE! PREMIUM STOREFRONT, PYLON SIGNAGE, PRICE FOR A QUICK SALE, ALL CHATTLES, FIXTURES & STOCK INCL, 2,320 SQ FT, 5 YEAR LEASE WITH AN OPTION TO RENEW FOR 5 MORE YEARS, $7,100 + HST PER MONTH! 3313_DJW_1_0010

$120,000

3313_DJW_0046

$194,500

3313_DJW_0045

$249,000

$100,000 ONE OF THE BUSIEST ENTERTAINMENT COMPLEXES IN MISSISSAUGA! 1,200 SQ FT RESTAURANT, $4,900/ MONTH RENT INCLS TMI, APPROX 240K IN YEARELY SALES, SURROUNDED BY HOTELS, OFFICES, MOVIE THEATRES & WORLD CLASS GYM!

$75,000 BEAUTIFULLY APPOINTED EXCLUSIVE LADIES FASHION STORE! LOCATED IN A HIGH DEMAND AREA, LONG STANDING ESTABLISHED CLIENTELLE, BARGAIN PRICE, OPPORTUNITY KNOCKS, THE PRICE DOES NOT INCLUDE INVENTORY!

Please say you saw it in The Commercial Investor

$70,000 WELL ESTABLISHED FOOTWARE STORE! TURN-KEY OPERATION WITH STABLE SALES REVENUE, LOCATED IN THE BUSY WOODBINE SHOPPING MALL, PRESENT LEASE IS AVAILABLE TILL 2016 WITH AN OPTION TO RENEW FOR 5 MORE YEARS, LOW RENT OF $5,361 (ALL INCLS) WITH APPROX YEARLY SALES OF $250K! SELLER WILLING TO TRAIN!

Greater Toronto Area

3313_DJW_0041

3313_DJW_0040

Sam McDadi Real Estate Inc., Brokerage

44 inthenews

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

New record high for commercial real estate investment sales in Greater Toronto Area Avison Young releases Q2 2013 Commercial Real Estate Investment Review for GTA

R

elying on healthy

“Something that’s definitely on everyone’s mind is the recent rise

commercial real estate

in interest rates, and though they have had little effect in keeping buyers and sellers apart thus far, a further increase may curtail

market fundamentals and

the demand for real estate product and lift cap rates upwards –

a seemingly endless war

something we will have to watch for in the coming quarters. The bigger question is: If we do experience another spike in interest

chest of capital, buyers and sellers

rates, will there be a greater appetite for risk-taking?”

pushed the total investment dollar

According to the report, overall investment sales volume across

volume for the Greater Toronto Area

the GTA reached $4.5 billion between April 1 and June 30, 2013,

(GTA) to a record level in the second

eclipsing the previous peak of nearly $4 billion in the fourth quarter

quarter of 2013.

cent) higher than the first quarter of 2013 and almost $1 billion (+28

of 2006. The second-quarter 2013 tally was $2.4 billion (+116 per per cent) more than the second quarter of 2012. As a result, the total

Office, industrial and retail properties, along with a number of portfolio transactions, propelled commercial real estate investment sales to a highwater mark of $4.5 billion. Although capitalization rates remain low, the compression rate appears to have moderated between quarters for some property types.

investment sales volume year-to-date in 2013 stands at $6.5 billion - an increase of 15 per cent compared with the same six-month period in 2012.

The Canada Pension Plan Investment Board and the Ontario Pension Board (OPB) were on either end of the largest single office asset sale. Meanwhile GE Capital Real Estate, Greystone Managed Investments, Slate Properties, KingSett Capital, Primaris Retail REIT,

These are some of the key trends noted in Avison Young’s Second Quarter 2013 Commercial Real Estate Investment Review – Greater Toronto Area, released recently. The quarterly report tracks GTA office, industrial, retail, ICI land, and multi-residential property sales transactions greater than $1 million.

“Clearly, the recent performance is no indication of a slowdown in the sale of commercial real estate properties, as investors continue to look for ways to strategically deploy capital across asset type and geography, with properties transacting in both the open-bid market and in off-market scenarios,” comments Bill Argeropoulos, vice-president and director of Research (Canada) for Avison Young.

OPB and Dundee REIT were on either ends of portfolio sales.

“With relatively stable leasing fundamentals, the historically low cost and availability of debt (although tempered slightly into the start of the third quarter) and the increasing allocation of capital to real estate as an asset class, the record transaction volume is of no surprise to us and is very much reflected in our transactions both locally and across Canada,”adds Robin White, Avison Young Principal and Executive Vice-President, Capital Markets Group.“All property classes are in demand from investors across the buying spectrum. We anticipate more of the same for the coming quarters, but with perhaps a slight increase in overall cap rates achieved due in part to a minor debt-cost adjustment and the risk profile of properties coming to the market.”

Please say you saw it in The Commercial Investor

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Commercial Real Estate & Business Opportunities

The report goes on to say that office sales posted the biggest quarterly gain (+547 per cent), as sales skyrocketed to $1.5 billion - capturing 35 per cent of the total investment dollar volume. For the first six months of the year, office sales stood at $1.8 billion, down 34 per cent from the impressive $2.7 billion that changed hands in the first six months of last year.

Industrial came in with $1.3 billion (30 per cent share) in sales, an impressive 142 per cent improvement over the prior quarter and a 207 per cent rise from the same quarter in 2012. Unlike the office sector, the industrial sector recorded the greatest year-over-year increase, up 109 per cent. Falling short of the $1-billion mark, the retail sector recorded $986 million in sales (22 per cent share), more than triple (+240 per cent) its firstquarter output to bring the six-month total dollar volume to $1.3 billion - twice that of one year ago. The multi-residential sector managed only $336 million (-48 per cent) in trades in the second quarter to close the first half of 2013 at $986 million, while ICI land sales slowed to just $280 million (6 per cent share), from $337 million in the first quarter of 2013, leaving the six-month tally at $617 million - a modest 4 per cent decline compared with the same period in 2012.

inthenews

Debt capital markets stayed the course for much of the second quarter of 2013, with lenders ready to participate in financings.

“As is typical for this time in the yearly cycle, longer-term funds (i.e. 10 years and longer) became scarcer and as a result, slightly more pricey. The U.S. Federal Reserve announcement of what was interpreted by most as a tapering-off of the quantitative easing program caused bond prices to deteriorate and the associated mortgage interest rates to rise. Nearly all lenders have held the ‘spread line’ during this market move,”explains Avison Young’s Norman Arychuk, Mortgage Broker, Capital Markets Group.“Looking forward, it appears that some of the anticipated Fed tightening will remain baked into the markets, and we expect lenders to hold steady with spreads or to move them out modestly.”

Avison Young is one of the world’s fastest-growing commercial real estate services firms. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,300 real estate professionals in 49 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties. www.avisonyoung.com

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45

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

10929735_3313

46

Greater Toronto Area

1 acre of Prime Business Opportunity in popular Woodland Beach (Tiny Township). A very well maintained & established business/client base with 8 cottages & 1100 sq ft home, common grounds for guests, separate res. lot for future potential. Steps to Georgian Bay, selling turn key. $669,900. Nadene Milnes* or Kristina Tardif* 3313_DJW_0026 1-705-422-2350.

Business opportunity! Prime Riverfront at beach area 1 for residential/commercial use. High traffic/demanding location.

Year-round w/great income generated. Live & run rental units including 1-2800sq ft main home/unit. This executive rental is loaded w/upgrades, fully landscaped and shows pride of ownership! Call for further details! $879,900 Nadene Milnes* or Kristina Tardif* 1-705-422-2350 3313_DJW_0027

Zoned institutional, great future investment with large 300x500 ft lot. Possible subdivision? Condo townhomes?

Commercial stores? Use your imagination, excellent potential in high traffic location. Many current uses for this property. $1,745, 000. Nadene Milnes* or Kristina Tardif* 1-705-422-2350.

A large piece of prime beachfront property on the largest fresh water beach in Wasaga. Zoned commercial with so many development opportunities.. Store front currently on property with tenant. $6,500,000 Nadene Milnes* or Kristina Tardif* 1-705-422-2350.

A licensed establishment! Great downtown location in Elmvale. Repeat business & potential to earn additional income with 10+ rooms upstairs/3 washrooms. Operates as a Irish Pub servicing beer, wine & liquor. Contact listing brokerage to learn more about his outstanding Investment Opportunity. $445,000. Nadene Milnes* or Kristina 3313_DJW_0029 Tardif* 1-705-422-2350.

Investors/Developers take note! This 10 acre farm property is within the MZO 2 section of the offical plan of the town of Bradford West Gwillimbury Hwy 400 Strategic industrial employment area.

A rare opportunity to acquire lands of this designation, a sale/lease back is also available. Wonderful Century home with original pine floors, over 9 ft ceilings, high baseboards, wainscotting, french doors, crown moldings & trim. $1,399,000. Rob McDonough* or Marc Ronan*** 1-888-936-4216.

3313_DJW_0030

50+ acres abutting draft plan approved land owned by major developer in Beeton on paved road less than an hour from GTA & Pearson Airport. Fabulous views, solid raised bungalow with setup for inlaws, forced air gas heating. Excellent Investment and future development potential. $1,100,000. Marc Ronan*** 1-888-936-4216.

3313_DJW_1_0063

2126 sq ft commercial unit in Barrie’s South end near Highways 400 & 27. Quality construction and finishes include showroom, boardroom, mezzanine approx 28’x18’ overlooks industrial space with 10’x12’ loading door at grade. Ample parking, thousands spent on leaseholds.

Excellent location with easy access to Hwys at Mapleview. $349,900. Marc Ronan*** 1-888-936-4216. 3313_DJW_2_0064

Building, Property & Chattels for sale in growing Alliston on busy street with high visibility on 100x150 lot. Well equipped restaurant with 74 seats and 24 parking spaces.

Forced air gas heating, 4 washrooms, open 7 days a week 6:00am-3:00pm. Great investment/business opportunity! $649,900 Marc Ronan***1-888-936-4216 3313_DJW_1_0069

84.4 acres abutting residential development in area of fast growing community of Alliston. Surrounded by existing development with two road stubs to east on Municipal services. Flat, clear acreage minutes from Honda. Entirely maintenance free clean crop land. $3,795,000. Marc Ronan*** 1-888-936-4216.

3313_DJW_0032

Investment property near new 1900 unit residential development at Nottawasaga Inn. In growing Alliston Home of Honda of Canada. High land with views and huge frontage on Hwy 89. Approx. 57 acres. Future development parcel. $895,000. Marc Ronan*** 1-888-936-4216

3313_DJW_0028

3 parcels totalling close to 300 acres featuring rich fertile black muck soil perfect for growing vegetables, carrots, potatoes, etc. 100 acres with Shop, Barn & Bungalow.

Great opportunity to purchase large acreage minutes North of Alliston. $3,500,000. Marc Ronan*** 1-888-936-4216.

3313_DJW_1_0106

3313_DJW_0031

3313_DJW_0033

Rock Solid in Real Estate.

TM

* Sales Representative ** Broker *** Sales Representative/Owner **** Broker of Record

©2013 BRER Affiliates Inc. An independently owned and operated broker member of BRER Affiliates Inc. Prudential, the Prudential logo and the Rock symbol are trademarks of The Prudential Insurance Company of America, registered in many jurisdictions worldwide. Used under license with no other affiliation with Prudential.

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Volume 13 Issue 09

47

Commercial Real Estate & Business Opportunities

Tony Giannini Sales Representative

RE/MAX PERFORMANCE REALTY INC., BROKERAGE 1140 Burnhamthorpe Rd., Suite 141 Mississauga, ON

905-270-2000 Email: agiannini@trebnet.com 9774309_3313

Principals Only

8 BAY COIN CAR WASH & PET WASH

Principals Only Land zoned for 5 Bay coin car wash and 60’ tunnel located close to Burlington area. Existing block shell building on property. 3313_DJW_0038

Greater Toronto Area

7 years old. Located just minutes from Mississauga in a highly populated and growing city. Nothing like it for sale. Call for private viewing. Will not last. Asking $2.6 million 3313_DJW_0037

4 Bay Coin & Drive thru touchless rollover, plus detailing Bay/Business & Car Rental Business. Situated on 1.3 acres and close to very busy Walmart Power Centre. Can operate as absentee owner or hands on. Very profitable!!

High return on investment!! Asking $1,699,000 Muskoka area. Call to view. 3313_DJW_1_0129 3313_DJW_1_0130 3313_DJW_1_0131 6 Bay Coin Car Wash on 1.1 acre. Vacant land can also be developed for 100 - 10’ x 10’. Public storage units. Asking $1,199,000.

Excellent Oakville Development site. 1.5 acres. Currently rented for $3000/mth. Road to be widened & directed to new hospital. Use as contractor yard or develop.

Asking $1,199,000.

3313_DJW_1_0089

3313_DJW_2_0090

PRINCIPALS ONLY • 8 Bay Coin Car Wash & Rental Building. Asking $1.95 Mil • 6 Bay Coin Car Wash Tunnel & Commercial Rental income (Hamilton). Asking $1.85 Mil

URGENTLY Needed for anxious qualified buyer.

High volume gas stations and High Volume coin Laundromat.

Retail strip plazas. High volume car wash.

SELLING!! CALL NOW FOR FREE CONSULTATION Please say you saw it in The Commercial Investor

48

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Clauses You Might Want in Your agreeMent of PurChase and sale (aPs)

By Chris Seepe, Broker of Record, Aztech Realty Inc. Brokerage

Buying or selling a multi-residential property is a commercial transaction and requires many more considerations than a typical house transaction. It also requires a different set of considerations than most other types of commercial real estate transactions, primarily because tenants’ homes and the Residential Tenancies Act are involved, and many costs that can be passed on to a commercial tenant cannot be passed on to a residential tenant.

The Ontario Real Estate Association produces many standardized forms including an Agreement of Purchase and Sale (APS). The standard body of text in the APS should not be modified. All non-standard clauses should be placed in a Schedule A. The APS has a standard clause that establishes that Schedule A clauses take precedence over standard body clauses.

Here are some topics of clauses that you might want to ensure are in your APS.

Things you ought to know may not necessarily matter to the lender.

Allow time for this and don’t spend the money until you’re certain all other conditions are met first. Make certain your chosen appraiser and environmental assessment specialist are on your lender’s approved list before you award the work.

• Ensure the buyer or seller doesn’t need to rely on anyone else’s permission in order to close.

The seller should: ❍

❍

• Require the seller to immediately provide, if available: ❍ ❍

Existing survey

❍

Zoning and permitted uses

❍

Environmental assessment

❍

All due diligence documents in the seller’s possession

❍

❍

• The seller should provide the following within a few business days: ❍

Summary of all expenses and backup documentation (invoices, statements, etc.)

Greater Toronto Area

❍

Contracts to be assumed

❍

Chattels list

❍

Insert the rent roll into the APS and have the seller warrant its accuracy

❍

❍

❍

Turn over the property in a reasonably ‘clean and vacant’ condition (eg. parking lot, storage shed, etc.)

Send a notice to all tenants advising them of the new owner and requiring all future rents to be paid as the Buyer directs.

Warrant that they have complied with all legislation while it owned the property Allow the buyer and their agents access to the property from time to time to conduct its due diligence, etc.

Allow the buyer to inspect the property one last time at least one week prior to closing Not renegotiate any rental/lease agreements after the APS becomes unconditional.

• There should be no disputes outstanding between the seller and others (tenants, suppliers, etc.).

• Any pending rent review applications should be completed by the seller at the seller’s expense.

Due diligence documents including rental increase applications, capital improvements completed by the Seller during its ownership and related warranties, contracts, property tax assessments, leases, offers to lease, tenancy agreements, true executed copies of existing mortgages to be assumed by the Buyer, engineering plans, floor plans with dimensions, soils, hydro-geological and other tests, service layouts, audits, reviews, etc.

Tenant Confirmation (Estoppels) Letters: each tenant confirms in writing the contractual understanding that each tenant believes it has with the landlord (seller) in respect of the rental unit and services provided between the tenant and the landlord.

• Condition on financing: this is arguably the single most important clause as failure to secure financing is the number-one reason commercial contracts fail to close. Unlike residential mortgages, commercial financing never gets done in a few days. Allow at least 20 business days or you could find yourself asking for, or granting, extensions that could re-open negotiations. I once lost a deal once because of this.

During finance negotiations, which took longer than the allowed-for period, hidden value was discovered in the property. The REIT, owner of the property, took advantage and denied the extension request, and instead put the property back on the market.

• Condition on environmental: CMHC and most lenders require a Phase I Environmental Assessment for commercial transactions, including multi-residential properties comprising 5 or more units. The results of a Phase I can be filled with surprises. For example, it might be discovered that the property was the site for a laundromat or garbage dump long ago. Leave yourself at the very least 10 business days for this.

Don’t let the clock start ticking on the buyer’s conditions until the seller has met all of their conditions. Schedule the conditions in logical succession too. There’s no point in paying for an environmental assessment if the financing isn’t in place first.

• As a buyer, get your own building inspection done. The appraisals, assessments and inspections conducted by the Lender, CMHC and others serve their needs. Your best interests may not be served.

• Chattels and fixtures should be in good working order and free from liens and encumbrances.

• Outstanding work orders and Letters of Non-Compliance should all be resolved or actions agreed to between the parties before closing.

• As buyer, make certain you obtain a Fire Retrofit letter from the local fire department.

• Obtain the seller’s warranty (not just representation) that there is no water damage, environmental effects (hazardous substances, etc.), or pests in/on the property and that the sewage system, furnace and the like are all in good working order.

• The lands are free and clear of any local improvement charges.

• The property is not designated, or planned to be designated, a Heritage Property.

• Make certain the building is in compliance with the zoned use, or that you have it in writing that the building is ‘legal non-confirming.’

• If setting up a new company to hold the property’s title, insert an assignment clause to transfer title from the buyer to the seller upon closing.

There are a great many factors that can affect what additional clauses may be required. It is not possible to anticipate all the vagaries and variances of the multitude of influences that affect what clauses should go into an APS but the above list is a good starting point.

Chris Seepe is a commercial real estate broker and broker of record at Aztech Realty in Toronto, specializing in income-generating and multi-residential investment properties, retail plazas, science and technology-related specialty uses (laboratories, data centres, call centres) and tenants mandates. (416) 525-1558, cseepe@ aztechrealty.com, www.aztechrealty.com.

Please say you saw it in The Commercial Investor

11278068_3313

Volume 13 Issue 09

49

Commercial Real Estate & Business Opportunities

CHRIS SEEPE BROKER OF RECORD 416.525.1558

Aztech Realty, Brokerage 6 Riviera Drive, Concord, Ontario, L4K 2J1

3313_DJW_0075

3313_DJW_0074

3313_DJW_0073

3313_DJW_0072

Email: cseepe@aztechrealty.com

11278064_3313

FOR SALE/LEASE $2,500,000 Net: $18.00/sq ft. Bldg: 8116 sq ft.

• Vacant new car dealership. • 28 parking spaces.

• Corner lot.

• Signalized intersection.

• 105 ft frontage.

• 2 built-out offices.

• Drive-thru possible.

• 3 washrooms. Kitchen.

• Showroom for 6-8 cars.

• 5 service bays (4 hoists • Many permitted uses. not included).

• Close to Hwy 401 and GO Train.

FOR SALE/LEASE $439,995 Net: $25.00/sq ft. Lot: 1.3 acres • 1.3 acre vacant lot.

• Tenant can build to suit • Estimate 12,000 sq ft (with tenant allowance building possible. from LL).

• 122’ frontage on Bath Rd • 80+ parking. (main thoroughfare).

• Existing transformer.

• Many uses including • Transit buses stop in front. retail with drive-thru, and • Phase 2 Env. - Feb. 2012. automotive.

FOR SALE $1,200,000 Bldg: 21,000 sq ft • SUPERB UPSIDE • NO heritage designation. potential.

• LLBO license tranferable.

• 3 floors, about 7,000 sf/ • High traffic count. floor.

• Pylon signage.

• Lot about 0.87 acre.

• 20+ year iconic restaurant.

• Ample parking.

• Price includes land, • Transit bus stops in front. building, chattels, fixtures, • Many permitted uses. business.

FOR SALE $1,750,000 • GREAT UPSIDE potential.

• Lot 166 acres.

• 2,717 sq ft banquet hall (many extras).

• 2,368 sf 4-br house with sep. 2 storey 2-br apt.

• 5,500 ft frontage.

• In-ground pool & spring fed pond.

Please say you saw it in The Commercial Investor

• Landscaped gardens.

• Many corporate event amenities.

• Price includes buildings, land, chattels, fixtures & long-established business.

Greater Toronto Area

Dir:

50

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

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We Will Beat Any Bank Rates Guaranteed

1-800-872-3761

RECEIVE UP TO $25,000 CASH BACK ON CLOSING

✓ ZERO DOWN Mortgages ✓ 1st, 2nd, & 3rd Mortgages ✓ Bad Credit as low as 540 ✓ No Credit OK ✓ Self-Employed OK ✓ No Income Verification OK ✓ Refinance & Equity Take Out ✓ Debt Consolidations ✓ New Tax Deductible Mortgage ✓ Pay Off Your Home in 7 Years

We Work with Over 50 Banks, Trust Companies, Credit Unions, & Private Lenders

Please say you saw it in The Commercial Investor

Greater Toronto Area

N CK 99 9, OW BA $8 19 O D SH $ ER CA Z 00 0 0, $1

2913_DKA_1_0008

2913_DKA_1_0007

0 90

2913_DKA_1_3086

TH

ON

/M

52

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Greater Toronto Area 8647857_3313

Please say you saw it in The Commercial Investor

Volume 13 Issue 09

Givalas Real Estate 8973548_3313

53

Commercial Real Estate & Business Opportunities

Brokerage

Nick Givalas Broker of Record

Ltd.

(905) 479-4436

email: ngivalas@trebnet.com

3313_DJW_3_0075

3313_DJW_3_0021

INVESTMENT PROPERTY FOR SALE IDEAL FOR OWNER/USER OR INVESTOR

Freestanding building. Approx. 4,000 sq ft on about 1 acre of land in prime downtown Ajax. Room for expansion.

Restaurant tenant pays $6,400. Per month net rent. Good investment opportunity! Serious inquiries only.

SOLD

Freestanding building for sale on Highway 35 as you are coming into Lindsay on the East side. Former restaurant. Main level approx. 7400 sq. ft. Upper floor has two apartments 1 3- bdrm and 1 2- bdrm for tenant use or sublet to offset expenses. Building is in good shape. Ample paved parking. On 5.5 acres of land. Highway Commercial zoning permits. Many uses for opening a business.

FOR SALE AT $785,000 ALSO FOR LEASE AT $5,500/MONTH NET NET.

Free standing building approx. 2800 sqft. Leased to a restaurant in Fenelon Falls. Main street location. Approx.

15 minutes North of Lindsay, Ontario. Rare opportunity to buy a carefree single tenant investment like this one. $36,000 net rental income. Good investment opportunity for someone to buy and collect rent. Low realty taxes $5200/pyear. On sewar & town water.

$499,900

Greater Toronto Area

3313_DJW_1_0031

3313_DJW_3_0032

INVESTMENT PROPERTY FOR SALE DEVELOPMENT SITE FOR SALE

Vacant Commercial Land for sale on the main street in Fenelon Falls. Just under once acre, zoning permits many uses. Ideal site in town for someone to build a strip plaza. Or other New development. This property can be purchased with ajoining property for an even larger development for a total of 1.37 acres of land.

$419,900

COMMERCIAL SPACE FOR LEASE

245 King Street West Oshawa (corner of Park Rd) Rear of plaza. 1800 sq ft unit. Rent negotiable. Teddy’s Park Plaza. Ideal for Repair & Service Business.

21 Harwood Ave S., Ajax Corner unit in plaza. Ample parking. 2200 sq ft. Asking $17.00 per sq ft. net.

160 Main St., Unionville Building. 28 car parking. Good opportunity.

110 Ritchie Ave Ajax.

Westney and 401. 760 sq ft. store in plaza. $16 per sq ft net.

Mississauga Prime Location Highway 10 & QEW. 2090 Hurontario Street 2nd floor 3027 sq. ft. office space $15 per ft net

SE Corner of Gerrard St E & Logan, Toronto Corner store 1000 sq ft + basement $2500. p/mnth net rent.

959 Pape Avenue, Toronto 1608 Dundas St. E., Whitby Store 960 square feet plus basement. Rent $2185 per N.E. intersection of Thickson & Dundas. Freestanding month plus utilities.

Building for Lease. 6000 sq ft Plus 2000 sq ft patio. Prime Restaurant Space. Landlord holds liquor license.

Contact Nick Givalas Please say you saw it in The Commercial Investor

54

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

BALJIT SINGH DHALIWAL BROKER/OWNER

baljit.dhaliwal@century21.ca www.baljitdhaliwal.com

PLAZA IN GTA

Independently Owned and Operated

2006 OFFICE 2007 2011 2008 2012

Office: 416.288.0800 Toll Free: 1.877.288.0884

PLAZA IN GTA

ESSO ON THE RUN

Greater Toronto Area

ASKING $11.9 MILLION

ASKING $21 MILLION

... With Good Tenant and good cap rate.

Prime location with land stretching over 2 Acres. Fully leased with long leases.

Land stretches over 6 Acres with good cap rate and good tenant.

with Tim Hortons Drive Thru Paying $125K rent/year Potential to add coin car wash and 1,200 sq feet per each floor of a two storey building.

PETRO CANADA WITH TENANT

ULTRAMAR GAS STATION

ULTRAMAR GAS STATION

ASKING $499,000

ASKING $4.6 MILLION

Petro Canada sale of Business West of GTA gas volume over close to 5 million, Store sales $730,000 Lotto commission $13,000, ATM $12,000. Net Profit $152,000 and Asking Price $499,000 With Long Lease.

With Tim Hortons Tenanted and car wash Projection Sales $13 Million. Gas volumes over $10 Million. Great net income.

ASKING $4.6 MILLION

ASKING $4.5 MILLION

Store sales about $800,000 Gas volumes 13 Million. Tim Hortons approved site. Two freestanding building fully leased over 4 Acre land

BRAND NEW SHELL

FULLY RENOVATED COMFORT INN

ASKING $4.7 MILLION

ASKING $4.2 MILLION

ASKING $5.9 MILLION

ASKING $299,000

With Tim Hortons 2 Locations available.

With Car Wash, Coin Car Wash, Separate Diesel, Propane Land over 25 Acres.

In GTA 80 Rooms Great room revenue and growing.

Net Profit of $10,000 a month, Long Lease, low rent and an asking price of $299,000

SHELL GAS STATION

COUNTRY STYLE IN GTA WEST

For more information on Gas Station, Plaza and Hotel/Motel listings, please call Baljit Singh Dhaliwal Please say you saw it in The Commercial Investor

8116291_3313

Dir: 416.994.2300

New Star Realty Inc., Brokerage

Volume 13 Issue 09

55

Commercial Real Estate & Business Opportunities 11251108_3313

Centurion Award Winner

BUY and SELL with

VINNY MASSEY

SALES REP

EXPERIENCE THE DIFFERENCE, call for a no obligation valuation of your business and get top dollars

10-350 Rutherford Rd., Brampton L6W 3M2 Millenium Inc., Brokerage

Office: 905-450-8300 Toll Free: 1-888-450-8301

vmassey16@gmail.com www.smarthomemove.ca LOCATION, LOCATION, LOCATION Across from the York General Hospital in a 6 storey Medical Building Exclusive rights to Physiotherapy and Chiropractic services

®

INDEPENDENTLY OWNED AND OPERATED

IVE EXCLUS

Services Include: Physiotherapy, Massage Therapy, Chiropractic, Acupuncture, Orthotics, Stockings, Knee bracing, Rehabilitation, etc.

Partners are parting ways. Great opportunity for turn-key business.

Asking $299,900. Principals Only

2913_DJW_2_0009

Principals only

2913_DJW_1_0008

JUST LISTED

SMART BUY Excellent Investment Opportunity also has Subway Franchise for sale with the Motel in Tourist Area. Comes this fully renovated 18 room motel! Plus large 3 bedroom residential house, its a must see on approx. 1.5 acres. Great family business with owner office/residence separate on property. Excellent traffic flow as located on busy Hwy 60 and Hwy 41. Property is next to nature and lots of activities. Lakes, rivers and beaches, snowmobiling, cross-country skiing and more. Lowest listed motel in the price range and number of rooms offered in the area, which makes it an excellent opportunity w/great income. Asking $639,900. 2913_DJW_1_0010

Excellent opportunity for all investors. 2 1/2 hrs from Toronto comes this 24 room fully updated motel with separate owner/ manager house on property, walk to beach and actvities, located right in the middle of Tourist Area.

Call Vinny Massey for more info, serious inquires only. Asking $989,000.

Principals only 2913_DJW_1_0155

inthenews

CFIB disappointed with Competition Tribunal ruling on Visa and MasterCard practices

T

he Canadian Federation of Independent Business (CFIB) is disappointed the Competition Tribunal ruled against the case put forward by the Competition Bureau on Visa and MasterCard practices. Small businesses were hoping the case would be successful and provide merchants new powers to push back against rapidly rising fees imposed by Visa and MasterCard to process credit cards.

“While the decision is disappointing, CFIB is pleased the Competition Tribunal recognized the adverse effect Visa’s and MasterCard’s policies have had on competition,” said CFIB president Dan Kelly. “The Tribunal has also suggested a regulatory solution.”

CFIB is now asking the Federal Government to work with merchants on additional provisions to the Code of Conduct for the Credit and Debit Card Industry to address merchants’ concerns.

“We are particularly disappointed by the decision as US small firms recently gained the ability to surcharge through an out-of-court settlement with Visa and MasterCard,” said Kelly. “Given Visa and MasterCard agreed to allow surcharging in the US, we expect that Canadian merchants should be allowed the same powers.”

“Consumers and merchants are on the same side of this dispute. Very few Canadians know that they pay $5 to 7 billion each year in credit card processing fees embedded in the cost of everything we buy”, added Kelly. “This isn’t the outcome we were hoping to see, but entrepreneurs can rest assured that CFIB isn’t going away. We’re going to keep fighting against unfair practices by the credit card giants.”

CFIB reminds consumers that paying with Interac debit or cash is one small way they can help small businesses. In addition, merchants can find special signage to promote paying with Interac or cash at www.cfib.ca/debitcredit.

Please say you saw it in The Commercial Investor

Greater Toronto Area

JUST LISTED

Excellent opportunity for any Investor comes this fully upgraded 21 room hotel plus bar and night club leased for $40k per year in the Heart of Parry Sound. Great City just hrs from Toronto, with all amenities and services of a Big City. Very busy all year round. A must see for all Investors.

Asking $1,299,000

Excellent opportunity for any investor to own this franchise which is very hard to get. Only one Subway in the city. Very busy. Excellent sales. Call for more information. Principals only.

56

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Featuring the Best Selection in Industrial, Commercial and Investment Opportunities

central ontario COverINg: Barrie • Collingwood • Muskoka • North Bay • Kawartha Lakes Midland • Meaford • Paisley • Parry Sound • Orillia Owen Sound • Sudbury • Walkerton For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com Notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor

Volume 13 Issue 09

57 9857729_3313

Commercial Real Estate & Business Opportunities

1-866-557-1110 705-647-1110

temiskaming realty ltd., brokerage New Liskeard, Northern ontario

Bill Byers, Sales representative Perry Wuest, Sales representative

perry-wuest@coldwellbanker.ca 2113_DJW_3_0012

2513_DJW_0018

2113_DJW_1_0400

bill-byers@coldwellbanker.ca

www.temiskamingrealty.com

WHAT A TREMENDOUS OPPORTUNITY!

2513_DJW_1_0054

GAS STATION BUSINESS

Three locations including 2 gas stations with C-Store, Coffee Shops, etc. One with car wash, bait shop, & owner’s apartment. 3rd location for propane exchange distribution centre. Over 7.6 M in sales per year. Haileybury. Call Bill for more details. MLS 130792. $3,250,000.

NEW PRICE $189,900

MARCO’S

HOME BASED BUSINESS 3+1 bedroom home just off Hyw #11 in New Liskeard with 50’ x 20’ attached office, carport & double garage on a 1 acre lot with plenty of parking. Also great for a large family. $239,000.

MLS 131802. Call Bill.

E IC PR 900 W 9, NE $19

2113_DJW_0051

2513_DJW_0019

HOTEL Large bar/restaurant licensed for 206 people with 36 person patio. 2 bedroom apartment & 9 hotel rooms upstairs. Full basement, lots of parking. Busy main corner in Earlton. Many recent updates. Asking $249,000. MLS 122025. Call Bill

2513_DJW_1_0416

Very popular Dairy Bar/Burger place for sale! This business comes fully equipped and ready for the upcoming season.

Fantastic in a part of town with high foot and vehicle traffic. Super close to board walk and fair grounds. Comprising two lots with outdoor deck and picnic bench seating. Full dairy bar, grill, fryers, pizza oven and ample refrigeration included in this price. Make an offer and buy yourself a business! Call Perry. MLS 130741.

REMARKABLE RIVERFRONT!

Remarkable Riverfront! Over 2,600 feet of Montreal River frontage with this 212 acre property just 25 minutes from New Liskeard. Township road with hydro & phone runs through the property. North part of property currently undergoing a selective cut. Call today for more details and a viewing of this outstanding property. Asking $289,000. Call Perry. MLS 131160.

GENERAL STORE

Excellent turn key business & home. Rural opportunity on Hwy 65 W in Kenabeek, Gas station, C-Store, Lotto, LCBO, Bait, Bottle Return, Post Office, Garage & sheds & a large 5 bedroom apartment. Lots of parking on this 1.47 acre property. Asking $295,000. MLS 130417. Call Bill.

WELL ESTABLISHED RETAIL Located in the busiest section of the picturesque Town of Haileybury. Solid numbers generated out of a solid building. Asking $249,000. MLS 112207.

Please call Perry for more.

Please say you saw it in The Commercial Investor

Central Ontario

ASKING $160,000

ASKING $3,250,000

2113_DJW_2_0025

E IC PR 000 W 5, NE $10

ENGLEHART Large store downtown with 5700’ sq’ solid block building. Many updates including heating & A/C system. Currently rented. Great investment or potential. Building & land only. Call Bill.

MLS 130696.

2513_DJW_1_0076

PRIME LOCATION Retail service, fuel, & more at the main corner in town overlooking the Beautiful Montreal River. Lots of potential to use this property for a variety of uses.

Busy Mining, Forestry, & Tourist Area. Elk Lake. $199,900 MLS 120066. Call Bill.

E IC PR 900 W 9, NE $24

FREE BUILDING With the purchase of this Earlton lot for only $54,900.

3600 sq’ plus garden centre sq’ downtown corner lot with lots of potential. Call Bill. MLS 102746

2513_DJW_1_0053

2513_DJW_1_0411

WATERFRONT LOTS Long Lake, 25 miles of excellent boating, fishing & hunting. Approx. 3 acres each with road access.

Financing available with low down payment or rent to ownt. Unorganized Township near Charlton. $59,900 each. MLS 112047. Call Bill.

3313_DJW_0023

The Cobalt Train Station is the most historic building currently for sale in Canada! This building cannot be rivalled in terms of architectural design and strength of character. The nearly 6000 square feet offers sweeping, wide open spaces with lavish amounts of natural light and uninterrupted viewscapes. The municipality has updated this building through the years with the replacement of the roof shingles being last year. Please call Perry for more information and a viewing of this magnificent building. Asking $264,000. Call Perry. MLS 1311112.

58

Volume 13 Issue 09

11265629_3313

Commercial Real Estate & Business Opportunities

POWER OF SALE 12 unit motel near Owen Sound. 32 seat restaurant Excellent. 3 bedroom living quarters. Parking for 14 cars.

Good gross income. Presently in operation. $499,000.

Call PAUL 519-372-5155.

3313_DJW_0078

14,000 SQ FT PLAZA 95% leased, 8 tenants, unlimited parking, 2 entrances. 3 phase power, Natural gas. Storage garage. New drilled well. South of Owen Sound. Cap Rate 9% with more potential. 1.77 acre lot. $750,000.

Call PAUL 519-372-5155.

3313_DJW_0079

inthenews Central Ontario

Tips when choosing 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, head, Group & Business Markets, 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 salary increase.”

Before choosing a group insurance plan, consider the following three tips:

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.

• 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.

For more information, visit: rbcinsurance.com/groupbenefits

• Define your objectives – To identify whether you need

Please say you saw it in The Commercial Investor

NC

59

Commercial Real Estate & Business Opportunities

11272219_3313

Volume 13 Issue 09

www.temrealestate.com

Located along the Trans Canada Highway corridor, between North Bay and Timmins, these listings are in the high growth areas of New Liskeard, Earlton, and Matheson. The economies are currently being driven by an explosion in agricultural and mining activity, resulting in increased demand for support services and presenting great investment opportunities due to rising prices.

Good infrastucture for shopping, education, and health care, along with many outdoor recreational activities make this a great place to raise a family.

BISON FARM

Unique opportunity. High quality organic bison herd with over 500 acres of land, fenced pasture and cropland. Good clientele base. Also available is 4 acre commercial lot with highway frontage for abbatoir and marketing of product. Solid house, outbuildings and 30 acre spring fed lake and gravel pits included. All for only $540,000. Call now!

2913_DJW_0048

ALL OFFERS CONSIDERED

GREAT FAMILY BUSINESS Amazing turn key opportunity! Located directly on Highway 11, this motel and restaurant would be a great investment. The motel features 10 renovated rooms, each with air conditioning units. There is a laundry room in the centre that could easily be transformed into another unit. The restaurant has a seating capacity of approximately 60 and is a popular rest stop for many travelling the North. It is also close to snowmobile trails. Above the restaurant sits a 1200 sq ft living space that features 3 bedrooms and a large bathroom. This property has been very well maintained and would provide a great income to anyone willing to invest. Highly motivated seller Asking $525,000.

MLS #122339 2913_DJW_3_0022

GAS BAR WITH ROOM TO GROW Sitting in a prime location on Highway 11, this business is a great investment. Featured is a gas bar with storefront/confectionery, as well as large living quarters, with beautiful treed backyard and a 900 sq. ft. apartment. This building has been very well maintained and has had many upgrades over the last few years. These upgrades include a drilled well, certified septic, new windows and re-shingled roof. Sitting on 2.9 acres in an unorganized township, there is plenty of room and opportunity for expansion. Established for over 40 years, with solid financials, you don’t want to miss out on your chance to own this turn-key business. Asking $499,000.

MLS #130567 2913_DJW_0011

EXCLUSIVE LISTING A solid business in an expanding market. Established for over 30 years, the 10,000 sq feet of retail space, and adjoining yard ans storage-buiidings, carry a wide range of building supplies, retail hardware, and home products. This is a turn key offering and includes all inventory, equipment and good will. Act now to invest in this well managed listing with a proven franchise name. Tim-Br Mart...

Trusted since 1967. Full financial and all other details available with Confidentiality Agreement to qualified buyers only.

2913_DJW_4_0025

INVESTMENT OPPORTUNITY Here are 489 Acres in the high growth area of Matheson. There are 331 Acres currently in production, with approximately 70 more that could be cleared. With another 1000 Acres currently listed for sale, adjacent to this listing, there is potential here for a sizable cash cropping operation. There is an older 2-storey home with recent updates and a good drilled well. This offering represents a great opportunity to invest now and beat rising land prices. Includes mineral rights. Asking $725,000 MLS #130267 2913_DJW_0012

Please say you saw it in The Commercial Investor

Central Ontario

SOLID COMMERCIAL BUILDING This commercial building in Earlton currently houses a chartered bank and a thriving variety store, which is the only one in the area. An additional office space is available to rent. Included in this offering is the variety store with all inventory and good will, and a long term lease with the bank. Owner operates the variety store which includes a lottery terminal, video rentals, and is a dry cleaning drop off centre. Conveniently located with established clientele, this great family business has plenty of room for expansion. This building has been well maintained with a new roof recently installed. Don’t miss this great opportunity. Asking $449,000.

MLS #130026 2913_DJW_4_0023

60

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Featuring the Best Selection in Industrial, Commercial and Investment Opportunities

eastern ontario COverINg: Lindsay • Peterborough • Port Hope • Bowmanville • Cobourg • Trenton • Belleville • Kingston • Northeastern Ontario For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com Notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor

Volume 13 Issue 09

61

Commercial Real Estate & Business Opportunities

William G. Bird Broker, CCIM CD Cell: 613-243-2767 Office: 613-969-9907

* Each office Independently Owned & Operated

OFFICE BUILDING LOCATED IN CENTRE OF BUSINESS DISTRICT

$319,000

$719,000

Long time established Convenience Store in Belleville. Located across Street from New Belleville Court House. High Traffic and Pedestrian foot Traffic. Stock to be sold under Bulk Sales Act. For greater details and handouts call Bill Bird 1-613-243-2767.

17 parking spaces available. Building in excellent condition. Suitable for a variety of offices etc. Call Bill Bird 1-613-243-2767.

3313_DJW_0081

LARGE LOT AT 75 CHURCH ST.

3313_DJW_0082

204 ROBERT ST. NAPANEE

$225,000

Recently reroofed with a 20 year warranty. Large drive-in Bay plus offices. Building is in good condition with newer furnace.Industrial Building in the Heart of Belleville’s waterfront development. Call Bill Bird for details 1-613-243-2767.

3313_DJW_0083

STEP INTO A INSTANT CASH FLOW

$899,000

Long term existing scrap yard for Sale off of 401 Hwy. Zoning is currently in place. Large 5 acre lot included in price. Call BIll Bird for Details at 1-613-243-2767.

3313_DJW_0084

INDUSTRIAL PLAZA TRENTON ONT

$49,900

Convenience Store in busy plaza. High profile with good traffic flow.

Stock is extra. Call Bill Bird for more details at 1-613-243-2767.

$579,900

16 Units on Large lot 8400 sq ft. Main floor 6188 sq ft. Total sq ft of building 14,588. Each unit has roll up garage. Site excellent for independent tradesmen. For Details Call Bill Bird 1-613-243-2767.

3313_DJW_0085

In Eastern Ontario for Commercial Real Estate Call Bill Bird for Sales & Leasing.

Please say you saw it in The Commercial Investor

3313_DJW_0086

10002624_3313

Eastern Ontario

STORE - 3 APARTMENTS - BUSINESS

Quinte Ltd., Brokerage*

62 inthenews

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Second Quarter market trends defy suggestions of housing bubbles Royal LePage forecasts modest house price gains for remainder of 2013, as Canadian housing emerges from current market cycle

T

he average price of a home in Canada increased between

1.2 per cent and 2.7 per cent in the second quarter of 2013,

according to the Royal LePage

House Price Survey and Market Survey Forecast, released today.

According to the survey, markets across the country continue to post gains. In the second quarter, standard two-storey homes and detached bungalows both showed a year-over-year average price increase of 2.7 per cent to $419,614 and $386,547, respectively. Average prices for standard condominiums showed a more modest increase during the same period, rising 1.2 per cent to $248,750. Royal LePage forecasts that house prices will see modest gains throughout the remainder of 2013, projecting a 3.0 per cent increase for the full year when compared to 2012.

Dialogue concerning the direction of Canada’s housing market has remained front and centre in recent months. Changes to Canada’s mortgage lending rules in mid-2012 coupled with concerns about consumer debt levels, housing affordability in cities like Toronto and Vancouver and continued international economic uncertainty have prompted a number of analysts to forecast large downward price adjustments.

“As we have stated consistently since the current market downturn began late in the second quarter of 2012, this is a normal cyclical correction which brings fewer home sales and softer prices. Those hoping their predictions of a bursting bubble and

cataclysmic drops in home values will come true are out of luck again,” said Phil Soper, president and chief executive of Royal LePage.“Price appreciation in most markets across the country has been well below the long-term average for Canada and will remain so through to the end of the year. We expect to see the number of homes trading hands to begin to rise slightly on a year-over-year basis in the second half of 2013, with price softness continuing until mid-2014, at which point we’ll see an emergence from the current cycle.”

Recent signals from major financial institutions in the United States and Canada also point to a turn in the tide. In recent weeks, two of Canada’s largest home-loan lenders, Royal Bank of Canada and TD Bank Group, raised their mortgage rates. At the same time, the U.S. Federal Reserve recently hinted that it may start winding up monetary stimulus later this year, should economic improvements continue.

“With the economy on both sides of the border performing better in recent months, a move off the record-low interest rates that we’ve experienced over the past few years is likely on the horizon,” explained Soper.“Paradoxically, we expect the first increases in interest rates to be constructive for the housing market. Rising rates would be driven by a strengthening economy, reduced unemployment and improving consumer confidence. Much of the dampening effect that would come with a transition towards higher rates has already been ‘priced in’ to both consumer attitudes and financial institutions’ current lending policies.”

As of late, the condominium sector has moved to the forefront of discussions concerning the health of Canada’s real estate market with fears of oversupply in major centres like Toronto. Yet, condominium prices remained flat or posted year-over-year gains in nearly all Canadian cities in the second quarter, with a couple of exceptions in British Columbia. While condominium prices in Vancouver saw a 3.3 per cent decrease when compared to the same period in 2012, signs of an early recovery are evident across the Lower Mainland of British Columbia.

“We believe condominiums will be a housing class of increasing importance in the Canada of the future,” said Soper.

Continued on Page 66

Please say you saw it in The Commercial Investor

Volume 13 Issue 09

63

Commercial Real Estate & Business Opportunities

8305397_3313

“Your Commercial Connection in Eastern Ontario” www.cbcommercial.ca Jamie Troke, CCIM Broker of Record jtroke@reach.net

613-969-9901

INVESTMENT PROPERTY MINI LOCK-UP, APTS & RESTAURANT ASKING PRICE $925,000

RESTAURANT

Includes leased Restaurant, 2nd floor has 6 newly renovated residential apartments PLUS 79 self-storage units! Call Jamie Troke, Broker. MLS #2133917 www.112southtrent.com

National franchise opportunity, 6000 S/F 250 seat turnkey business in busy plaza. Gross sales $1.5 million. Asking $425,000 (leased space) www.northfront.ca

3313_DJW_1_0110 3313_DJW_1_0111

3313_DJW_0094

POWER OF SALE

FAMILY RESTAURANT

POWER OF SALE

8500 sq. ft. commercial building on corner lot. New roof in 2011. Great location for Medical Clinic, Retail Store, Auto Repair, Professional Office Building. $259,000.

Great opportunity to own your real estate and busy 125 seat restaurant with catering potential. Owner will consider partnering. www.blackdogstirling.com

City water. One minute to HWY #401. Cell Tower leased for $1,000 per/month. Great location for commercial or development. 6.3 acres. $425,000.

3313_DJW_1_0108

3313_DJW_0095

3313_DJW_2_0140

ASKING $495,000

PRIME LOCATION

GREAT INVESTMENT OPPORTUNITY

On the Trent River in Frankford with 50 plus parking spaces and 3 bay attached garage, suitable for retail or office space. $525,000. Contact Bill Mcguire, Sales Rep.

3610 sq. ft. commercial plaza in high traffic area. Tenants pay own heat, hydro, water and sewer. Contact Gerry Gill, Sales Rep. www.7metcalfe.ca

3313_DJW_2_0112

3313_DJW_1_0113

POWER OF SALE

POWER OF SALE D CE 00 DU5,0 E R 32 $

Located off Palmer Road in Belleville - site potential for 39 lot townhouse subdivision. Services available at lot line. Visit www.sandcherrycourt.com. Contact Jamie Troke or Gerry Gill.

3313_DJW_2_0111

FAMILY RESTAURANT

GROCERY STORE - BUTCHER SHOP

96 seat country style restaurant located on picturesque 1.25 acre lot with year round creek. $424,900. Call Bill McGuire, Sales Rep.

High tourist area, 4,000 S/F full service long established Grocery Store with Lotto and Butcher Shop (owner will help train). Includes all land, building and equipment. www.sprenkels.ca. Contact Adam Burr, Sales Rep.ASKING $628,000 3313_DJW_0096

Eastern Ontario

D CE 00 U 0 , D RE 340 $

2 acres. R6 zoned excellent site for 69 unit apartment building. www.240yeoman.com 3313_DJW_2_0106

REDUCED $1.8 MILLION

3313_DJW_3_0106

BANCROFT

GRANITE COUNTER TOP BUSINESS Owner will help train - you run the office. Asking price $188,000 includes all equipment and contractor client base. www.constructallgranite. com. Contact Adam Burr, Sales Rep.

Excellent investment opportunity. 32,500 s/f office building located in Belleville’s downtown core. CAP rate 9.5%! www.15victoria.com

3313_DJW_2_0075

21,000 s/f school and 2.16 acres of prime downtown core property. Visit www.bancroftps.com for more info.

ASKING $349,000

3313_DJW_0097

Please say you saw it in The Commercial Investor

3313_DJW_2_0079

64

Volume 13 Issue 09 8177055_3313

Commercial Real Estate & Business Opportunities

ProAlliance Realty Brokerage

BRUCE COOKE BBA, CCIM, SIOR Commercial Sales Representative

Independently Owned & Operated

Office: 613-966-6060

E-mail: bruce@cookeproperties.com

www.brucecooke.com

MAtthEw COOKE B.COMM MEAghAn COOKE BA, Sales Representative

Sales Representative

Office: 613-966-6060 Direct: 613-243-5146

Office: 613-966-6060 Direct: 613-243-3949

matthew@cookeproperties.com

meaghancooke@hotmail.com

$325,000 TRENTON 6,000 SF COMMERCIAL BLDG $329,000 CONVENIENCE STORE + RESIDENCE $409,000 7305 SF COMMERCIAL BLDG WITH 6 ACRES

Currently occupied by owner. This was a 5 unit plaza lo- Price includes 3 buildings, Convenience Store, Gift Shop Former Public School converted to office space, surplus cated in the Industrial Park. Existing Equipment rental and and Tackle Shop. Also has Greco Pizza business with store. land for development. Building has many updates. Located sales business also for sale @ $149,000.

Spacious apartment. in Belleville.

2913_DJW_0080 2913_DJW_0081 2913_DJW_0082

$249,000 27,721 SF INDUSTRIAL BLDG

$449,900 INVESTMENT PROPERTY 10.8% CAP RATE $259,000 NORTH FRONT ST COMMERCIAL BLDG

1.943 Acre waterfront lot in Tweed. 600 Amp power with Includes 2 bldgs in Downtown core. LCBO & DOLLAR Fantastic location near MacDonald’s in Belleville. High traf3 drive in doors and 1 loading dock. Fully occupied with 3 STORE are the anchor tenants. 2nd floor has 2 apartments. fic flow on Hwy #62. 1,500 SF building with parking.

2913_DJW_0083 Located North of Belleville.

2913_DJW_0084 2913_DJW_0085 tenants on month to month leases.

13 BED HOME CARE FACILITY - START A NEW LIFE!! SAVE $60,000 JUST LISTED –17 BED DOM HOME OTTAWA AREA $999,000 EASTERN ONTARIO - JUST LISTED P.A.!! KINGSTON - GOVERNMENT 10 DOM 3 HSC BEDS $775,000 11.5% CAP RATE*– CITY FUNDED FUNDED HSC’S* $349,900 20% CAP RATE-50% R.O.I!

Eastern Ontario

This well located Dom Home is nearly always full. Most residents have private rooms. Net, net operating income $114,000, when fully staffed 24 hours. Net operating income could be much higher for the on site owner. Income could be tax exempt.

Funding from City of Ottawa - long term arrangement.

3313_DJW_1_0075

Great business opportunity. This Home Care Facility in pristine condition comes with a lovely owner residence on site.

Ministry of Health and the City of Cornwall pay the owner directly for the residents. On site owner operators can net $120,000 per year TAX EXEMPT. Because of minimal living expenses the on site owner operator could save $100,000 + per year.

This Kingston home has 5 HSC beds with a gross of $90,000 p.a. This income is tax exempt and covers all the living expenses for the on site owner/operator. Home for Special Care (HSC) Minsitry of Health funded. Live in owner could save up to $60,000 per year. Possibility of extending operation. On site live in owner could save up to $60,000 per year tax exempt.

3313_DJW_3_0088

3313_DJW_4_0089

MICHAEL SHMUKLER, BROKER Sutton Group Select Realty Inc. Brokerage

michael@michaelshmukler.com www.MichaelShmukler.com - click on I.C.I properties Please say you saw it in The Commercial Investor

11253451_3313

519-433-4331 519-318-1622

Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

Featuring the Best Selection in Industrial, Commercial and Investment Opportunities

niagara COverINg: Niagara Falls • Niagara-on-the-Lake • St. Catharines • Thorold • Welland • Fort Erie • Beamsville • Fonthill • Port Colborne For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com Notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor

65

66 inthenews

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Continued on Page 62

“In the short-term we anticipate some market uncertainty and moderate price adjustments, particularly in Toronto which is working through a supply spike, however, the medium and long-term prognosis remains very positive. Demographic and city planning trends, in conjunction with shifting consumer preferences, remain supportive of this housing category.”

Regional Market Summaries Strong construction sales contributed to overall price increases in the Halifax housing market. Standard condominiums made the greatest gains year-over-year, with a 5.1 per cent lift to $215,950. Standard two-storey home prices were close behind, rising by 5.0, while detached bungalow prices remained relatively flat. Average Halifax house prices are forecast to increase by 1.6 per cent by the end of 2013.

Inventory shortages in some market segments were a factor in the significant growth of St. John’s housing prices. Standard condominiums experienced the greatest increase, rising by 7.5 per cent to $309,333.

Montreal housing prices saw more moderate growth, partially attributed to an increase in the number of first-time buyers in the market. The price of detached bungalows rose by 2.7 per cent year-over-year, while standard two-storey homes increased by 3.3 per cent. Standard condominium prices were relatively flat year-over-year, rising only 1.6 per cent to $240,306. Average housing prices in Montreal are forecast to grow by 1.7 per cent by the end of 2013. Housing prices in Ottawa remained relatively flat year-over-year, with higher inventories leading to more options for buyers in the market.

Average home prices in this region are expected to remain steady over the balance of 2013, with a projected increase of 1.2 per cent year-over-year.

Low levels of inventory combined with low interest rates contributed to modest price increases in the Toronto housing market. Detached bungalow prices rose by 3.1 per cent yearover-year to $577,495 and standard two-storey homes saw a gain of 2.2 per cent to $683,241. Standard condominium prices remained flat, increasing by 0.7 per cent to $366,189.

Toronto home prices are expected to grow by 2.5 per cent yearover-year by the end of 2013, while unit sales are projected to decrease by 4.5 per cent.

The Winnipeg housing market witnessed significant appreciation in prices, with multiple offer scenarios and a strong demand for condominiums driving the increases. While detached bungalow prices remained relatively flat, rising by 0.6 per cent to $305,010, standard two-storey home prices grew by 7.1 per cent to $344,598, and standard condominiums increased by 4.4 per cent to $198,431. The average price of a home in Winnipeg is forecast to rise by 3.9 per cent year over year by the end of 2013.

critically low inventories of detached bungalows and standard two-storey homes drove price increases in these housing types of 3.0 per cent and 4.5 per cent, respectively. Average home prices in Regina are projected to continue to rise through the end of 2013, gaining 5.8 per cent year-over-year.

Low inventory combined with high demand led to continued price appreciation in the Calgary housing market. Detached bungalows rose by 5.9 per cent year-over-year and standard two-storey homes made gains of 6.7 per cent, while the average price of a standard condominium increased by 6.0.

Calgary home prices are forecast to rise by 6.5 per cent through 2013, and unit sales are also predicted to grow by 3.3 per cent.

In the Edmonton market, detached bungalow prices increased by 5.9 per cent year-over-year to $347,344 and standard two-storey homes rose by 2.2 per cent to $361,636. Standard condominium prices saw a more modest increase of 1.9 per cent to $204,755. By the end of 2013, prices are expected to continue to rise by 1.6 per cent, while unit sales are projected to remain flat.

In Vancouver, detached bungalow prices dropped 3.2 per cent year-over-year to $1,052,500, and standard two-storey homes decreased by 2.3 per cent to $1,151,250. Standard condominium prices also saw a decline of 3.3 per cent to $490,475. Despite recent year-over-year price decreases, average Vancouver home prices are forecast to increase by 2.0 per cent by the end of 2013.

Royal LePage’s quarterly House Price Survey shows the annual change of prices for key housing segments in select national markets. Visit www.royallepage.ca to view the chart.

The Royal LePage House Price Survey is one of the largest, most comprehensive studies of its kind in Canada, with information on seven types of housing in over 250 neighbourhoods from coast to coast. This release references an abbreviated version of the survey which highlights house price trends for the three most common types of housing in Canada in 90 communities across the country. A complete database of past and present surveys is available on the Royal LePage website at www. royallepage.ca. Current figures will be updated following the complete tabulation of the data for the second quarter of 2013. A printable version of the second quarter 2013 survey will be available online on August 6, 2013. Housing values in the Royal LePage House Price Survey are Royal LePage opinions of fair market value in each location, based on local data and market knowledge provided by Royal LePage residential real estate experts.

Serving Canadians since 1913, Royal LePage is one of the country’s leading providers of services to real estate brokerages, with a network of 14,500 real estate professionals in over 600 locations nationwide. Royal LePage is one of the only Canadian real estate companies to have its own charitable foundation, the Royal LePage Shelter Foundation, dedicated to supporting women’s and children’s shelters and educational programs aimed at ending domestic violence. Royal LePage is a Brookfield Real Estate Services Inc. company, a TSX-listed corporation trading under the symbol TSX:BRE. For more information, visit www.royallepage.ca.

New construction kept condominium prices relatively flat in Regina at a 1.1 year-over-year decrease, but strong demand and

Please say you saw it in The Commercial Investor

Volume 13 Issue 09

67

Commercial Real Estate & Business Opportunities

LarryYour“BILKO” Bilkszto Local Sales Representative Since 1989

Garden City Realty Inc. Brokerage Independently owned and operated

Email - bilko@rgcmail.com Web - www.bilko.ca

(905) 641-1110 • (905) 563-3330 Toll Free (866) 575-9400 8494906_3313 TONS OF FARMS TO CHOOSE FROM IN THE NIAGARA REGION WITH BILKO. GREENHOUSES • VACANT LAND • VINEYARDS • TENDER FRUIT • HOBBY FARMS • COUNTRY ESTATES “BILKO”

Downtown Beamsville - General commercial zoning. Owner retiring from his private Doctor's practice.

Over 2000 sqft w/4 exam rms all w/sinks, 2 2pc bathrms, reception area, waiting rm, lunch rm & main office. Upstairs has 2 more rms w/hdwd flrs. Full open high & dry bsmnt 30.6x60.6' in size. $299,800

Developers, investors, contractors, here's a project for you!

Approved plan of subdivision in 2005 for 9 single family res building lots & 24 unit 3 storey building with 52 parking spaces. Surrounded by city services. Last development on the block in West end St. Catharines near the new hospital & all amenities. $795,000

23 acres! 3200 sq ft, 5 bdrm brick bungalow w/att grge for 5 cars.

Property set up for an equestrian centre.

208'x75' indoor arena & viewing lounge, 450'x250' outdoor sand ring. 12 stall 115'x40' barn w/tack rm & wash stall, 70'x40' 2 storey barn w/2 more stalls. Approx 10 acres planted to cash crop. Pond, mature trees. $1,198,800

68 Acre vineyard & winery site! Upper bench land, approx. 50 acres planted, majority is under drained. 2,100 sq. ft stone & cedar bungalow w/full in-law apt. Open concept living rm, kitchen & dining rm. Hot tub overlooking vineyards. Attached over-sized 4 car garage. 60' x 30' barn. $1,389,800

Over 46 acres of sandy Pelham soil. Approx 40 acres presently planted to cash crop, the balance has a pond, small creek & a little bush. Tons of possibilities for your dream country home with barn or shop, 2 road frontages, natural gas.

Get back to the country! Asking $374,800

Attn. Horse Lovers!!

7 Acre farm. 160x70' Indoor arena, 90x50' 21 stall barn w/hay mow, 50x30' shop, 4 paddocks, 160x70' outdoor sand ring.

Fully finished 5 bdrm bungalow w/bsmnt walkout & inlaw apt., 3-4pc baths, 2nd kitch, CA, CV, 200 amps, 180' drilled well. $489,800

SPECIALIZING IN FARMS, AGRICULTURE, GREENHOUSES, ETC.. IN THE NIAGARA REGION!

Greg Howe Sales Representative

905-935-6838

www.EliteRealtyNiagara.com gamhowe@sympatico.ca 6150 Valley Way, Niagara Falls ON L2E 1Y3 Independently Owned & Operated

905-346-2000

Niagara Brokerage

11246794_3313

Motel/Lodge consisting of 12 refurbished rooms with a main house Managers suite with living quarters, all surrounded by an abundance of flowers and greenery. Great return on Investment.

Ideal for family run business. Minutes walk to Falls & Casino’s.

I also have 9 more Motels/Hotels in the Heart of Tourist District with up to 52 rooms and $3.4 Million. All exclusive to me.

2913_DJW_1_0026

515, 517, 519, 521, 525, 529 King ST WELLAnD, REDUCED $599,000 • EXCLUSIVE LISTING

Consists of 7 apartments, 3 commercial store fronts and 1 restaurant. Located next to arena and across from Hospital.

Parking for over 50 cars. Many possibilities. Commercial units can be converted to apartments and ideal for nurses living quarters.

2913_DJW_1_0028

niagara Falls - 57 unit apartment building good net income $5.2 million 2 restaurants in the heart of niagara Falls both over 3000 sq ft. under $1 million.

Can’t sell your property in the Niagara area, I have people who will buy almost anything if you buy their houses or investment properties.

Please say you saw it in The Commercial Investor

Niagara Peninsula

5345 SLATER AVE & 5302 STAMFORD ST NIAGARA FALLS $699,000 • ExcLuSiVE LiSTing

68

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

The “Street Smart Real Estate Appraiser” –

Are you Attached?

M

y last article was about “A Plan” as it could relate to property appraisal when purchasing a property. The Plan needs to include a series of questions: why do I need this property, what are my choices (lease or purchase), could I build it new, how do I finance it, what do I think about the economy and the political climate, what is my exit strategy, do I need more money after I purchase for renovations, etc. The answer to these questions will help develop the overall Plan and aid in the purchase of the property. These are some of the questions a real estate appraiser should ask himself when appraising a property for a client. Ultimately does the Plan make logical sense?

What I have found in the 20 plus years in the real estate industry is there is always someone that understands a property better than I do! Who are these other real estate pros? What do they think?

What do they see? Why should I find them? What’s important to them? Why do they buy?

In my opinion, some of these people include: the Property Owners, Property Managers, Developers, Brokers, Builders, Bankers, Accountants, Lawyers, Business Owners, Engineers, Architects, Consultants.... etc. These people offer an important contribution to the valuation of a property because they are industry specific professionals. Depending on the property being appraised, it’s best to talk to these people, understand what they think, know and see, and ultimately get their “trade secrets”. The mission - become a “STREET SMART APPRAISER”!!

I once again turned to a professional; typically I talk with professionals that service the property industry to facilitate day to day business. One of the real estate valuation techniques I’ll give you is “Are you Attached”!

Harry Korosis emphasized this appraisal “technique”.

Harry is a member of Chown, Cairns’ Business Law and Litigation teams and his practice covers a broad range of business law and commercial litigation matters. Harry’s business law experience includes advising and/or acting in respect of the incorporation and organization of new businesses; acquisitions, financing and sales of existing businesses; residential and commercial real estate transactions; municipal land use and land development; commercial leasing; regulatory compliance; estate planning; and corporate re-organizations.

Niagara Peninsula

Owing a property for several years and sometimes several generations will make it difficult to do an unbiased valuation. The owner of real estate often develops an emotional attachment to the land and/or buildings that form a property. Often a Seller can’t cut themself loose of a property to make a deal when they know they should, only to holdout for a value that is not attainable or defendable.

Owners are sometimes clouded by emotion; they need to try to disconnect themselves with their specific property history. Retaining a third party to bring rational and logical valuation approaches is critical. Can anyone else see the premium in the market value sought by the Seller? Hopefully, other professionals in the real estate industry will have the guts to tell the individuals that they are “Attached.”

Please email me your “Street Smart Real Estate Appraisal” advice to - todd.crawford@dtzbarnicke.com.

Todd Crawford is a Designated AACI Real Estate Appraiser, Broker, Consultant, Investor, Property Manager and Business Partner specializing in Commercial Real Estate with DTZ a world wide real estate service firm.

8646421_3313 Please say you saw it in The Commercial Investor

Volume 13 Issue 09

69

EXCELLENT INVESTMENT OPPORTUNITY 3313_DJW_0011

approx 23 years old, 8-suite building, 7.728 sq. ft. roof is 6 years old. slabcore construction. easy to rent and maintain. no balconies to repair and no boiler to maintain. tenants pay hydro.

Close to pen Centre. On bus route. new windows 2012.

You probably won’t find an easier building to look after. isn’t it time you got that retirement plan in place?

3313_DJW_0012

office space available - 2nd floor

Garden City Realty Inc

Brokerage Independently Owned & Operated

Tony Tripodi Broker

8181576_3313

Commercial Real Estate & Business Opportunities

905-641-1110 tripodi@sympatico.ca

*INDUSTRIAL*COMMERCIAL*INVESTMENT*

ST. CATHARINES 40 UNIT APARTMENT

Building located in a quiet, central area.

Mostly 1 & 2 bedroom suites all in top condition. Large paved parking area.

PLUS included, additional land zoned for 22 more units. Net income yearly approx. $169,000. Priced at $3,120,000.

Exclusive with Tony Tripodi.

3313_DJW_0098

FOR LEASE

North St. Catherines - 10,000 sq ft of finished office space. Located in a strip plaza. Plenty of free parking.

Open concept for call centre or will divide to suit. Major tenants include Shoppers Drug Mart, KFC, etc. Available immediately. Asking $10.00 sq ft net.

Office space available in high traffic location. new windows & HvaC. Owner will renovate to suit any part of 2,000 sq. ft.

9864730_3313

Art Ratelle sales representative

office cell

905.935.8001

905.708.2601

MoMentuM Realty BRokeRage

2913_DJW_4_0086

ST. CATHARINES

150,000 sq. ft. warehouse on 14 acres.

Included is one section with 120 unit mini storage. Zoned for additional 120 more units. 30,000 sq. ft. rented @ $5000 per month place for solar panel energy. Asking $3,900,000. Other details with Tony Tripodi 905-641-1110. Email: tripodi@sympatico.ca

2913_DJW_1_0125

Niagara Peninsula

Ontario’s First Magazine Dedicated to Industrial, Commercial and Investment Real Estate

for advertising call

doreen wills 905.570.9283 • 1.800.268.0077 doreen.Wills@wall2wallmedia.com Please say you saw it in The Commercial Investor

70

Commercial Real Estate & Business Opportunities

Volume 13 Issue 09

Featuring the Best Selection in Industrial, Commercial and Investment Opportunities

business investor The perfect place to list all of your business opportunities For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 or Email: doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com

Notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________

Please say you saw it in The Commercial Investor

Volume 13 Issue 09

71

Commercial Real Estate & Business Opportunities

Mortgages

Returns on Your Existing Equity Are you currently sitting on real estate with a small or non-existent mortgage? Do not miss out on a great opportunity that uses the Bank’s money to create excellent returns as well as a continuous stream of cash flow.

Since rates are still at an all-time low, refinancing and extracting the equity in your home to use towards investing is something to seriously consider. For those heading into retirement and/or those who would love to have some extra cash flow, the scenario and explanation below will give you some insight on how to feel comfortable with and reap the benefits from mortgage investing.

Many individuals have expressed a concern that investing in mortgages is too risky. As a result, equity sitting in real estate does not perform and they are missing out on the opportunity to generate additional income. What these individuals are unaware of is that mortgage investing does not need to be risky. Throughout the past 15 years, we at Pro Funds have directed our business model to focus on private lending. With private lending, we have experienced very low default ratios and returns ranging between 8-15% annually. Remember that by investing in mortgages you are not investing in paper, a stock, or an unsecured loan. These investments are secured on real estate as your funds will be registered on title of the property. Although mortgage lending is not 100% guaranteed, the process is very secure due to the protocol we follow. The direction of funds is a key component to return and success. Pro Funds Mortgages is able to mitigate risky investments by assisting in directing funds to more reliable sources. We do not typically work with those in distressed circumstances or those who have challenged credit. It is because our direction of mortgage placements is geared to investor specific deals (i.e. Investment property, renovation funds, etc.) that we have experienced such low default ratios.

The example below demonstrates how an extraction of equity from existing real estate can be prove to be lucrative:

Step 1: Refinance Your Real Estate

Step 2: Your Mortgage Investment & Return

• Your residence is valued at $450,000.00

• Pro Funds will assist in finding a suitable mortgage for you

• Your existing mortgage is at $125,000.00

• The average return is 12% annually interest only

• Pro Funds will refinance at 80% of the current value which totals $360,000.00

• On $235,000.00 at 12% interest you will receive $2350.00 a month

• We will take a variable mortgage rate at 2.60% and a 25 year amortization

• After paying your monthly payments of $1630.66, you will have positive cash flow of $720.00 a month

• Your new monthly payments will total $1630.66

• Please take note that through this process this investment is also

• From this refinance you will net $235,000.00 to invest in mortgages

paying off the principal on your mortgage J

Please note that this example is realistic and is based off of an actual scenario with Pro Funds Mortgages. This demonstrates that even with mortgage payments as a result of a refinance, investors are able to generate positive cash flows monthly. Investors that have leveraged on this investment opportunity with us are thrilled about the financial rewards and passive nature of the process. Many have been able to retire with a very comfortable life style.

I would like to mention that self-directed RRSP’s as well as TSFA’s are also eligible for mortgage investments. For further details and specific information, visit our website www.profunds.ca or contact our office at 1.888.330.3866.

Carmen Campagnaro

A member of

Carmen@profunds.ca

www.Profunds.ca • invest@profunds.ca

1.888.330.3866

3390 South Service Rd., First Floor, Burlington, ON L7N 3J5 | 905.842.7011 x22 | Fax 905.842.7241 9649286_3313

Please say you saw it in The Commercial Investor

Business Investor

President Pro Funds Mortgages lic# M08002562

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Volume 13 Issue 09

Commercial Real Estate & Business Opportunities

DOORS SALES AND INSTALLATION The Company sells and installs overhead doors, installing doors for new construction condominium and high-rise rental apartments and distributing equipment and parts.

Operating over 30 years - revenues are in the $5.5 M range and earnings in the $400 K range.

JaniTOrial and building MainTenanCe buSineSS in The gTa reVenueS $3 TO $5 MilliOn QualiFied buYerS OrganiZed FOr aCQuiSiTiOn

BUILDING SUPPLIES DISTRIBUTOR

PLASTIC INJECTION COMPANY

located 4 hours east of Toronto.

Company is a wholesale distribu-tor of building materials to independent dealers and purchasing groups. in business over 60 years with its own fleet of trucks the business generates revenues over $14 million and earnings over $950,000.

Operating over 30 years and servicing the automotive industry the company employs 16 ft and generates over $2 million in revenues with earnings in the $350K range. Ownership will remain as needed to transition the business.

R DE UN FFER O

SO

METAL RECYCLING

business has been operating over 30 years, dealing in ferrous and nonferrous metals - with 14 employees business generates revenues in the $10 million range with earnings in the $1.5 million range.

INDUSTRIAL DE-SCALING AND PROTECTIVE COATING CONTRACTOR

NEW OPPORTUNITY PROVIDER OF PBS AND TPA SERVICES

WANTED

SO

LD

ELECTRIC CONTRACTOR

Company provides electrical power and transmission systems in the gTa to construction and industrial clients.

12 FT employees generate revenues in the $2.8 million range with earnings in the $400 K range..

LD

MANUFACTURER OF DISPLAY PRODUCTS

LIFT TRUCKS AND HANDLING EQUIPMENT

The Company produces both in-store display programs for Consumer Packaged goods companies along with custom product lines for Quick Service restaurant companies. located in the gTa the revenues area in the $5 million range and earnings in the $500K range.

The company sells, rents and services handling and racking equipment serving the farm and construction industry. located one hour west of gTa with over 500 accounts, Company generates revenues over $4 million and earnings in the $450K range.

R DE UN FFER O

Business Investor

The Company, located in Southern Ontario has been operating over 30 years specializing in general painting, lead abatement, bridge painting and water tower restoration among other services to various industrial sectors.

Company generates revenues in the $5 million range and earnings in the $1 million range.

Company has been operating for 30 years and its software is used by banks, insurance companies, government, and larger invidiual pension plan sponsors to administrator defined benefit and contribution pension plans. revenues $2.5 MM range earnings $900 K range.

HOME CAREGIVER

non-medical, in-home care company providing a wide range of services, meal preparation, housekeeping, errand services, grocery shopping, companshionship, transportation services, personal care, laundry, respite care, recreational activities, 24-hour care, live-in care, and palliative care. revenues are $1.2 Million and earnings are in the $225,000 range.

BOWLING CENTER Well established center operating over 45 years and located 2 hours east of gTa. employs 2 ft. & 20 pt. newly upgraded with revenues in the $500K range and discretionary earnings in the $100K range.

“Selling Your Business is our Business�

416-780-0009 or 1-866-490-9991 Please say you saw it in The Commercial Investor

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COM

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22G

COM 11274707_3313

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23G COM

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