Commercial Investor - February 27, 2021

Featuring: Commercial•Industrial•Franchise+Business Opportunities

FREE

February 27–March 27, 2021 Volume 21 | Issue 3

Full Coverage Area Including: London • Kitchener • Niagara Falls • Hamilton • Toronto • Ottawa

GLOBAL NETWORKING

MILDMAY, ONTARIO EXCLUSIVE LISTING

INDUSTRIAL COMMERCIAL INVESTMENT RESIDENTIAL BUSINESSES DRAFT APPROVED RESIDENTIAL SUBDIVISION 23 Acres | $3,200,000.00 • 61 Detached • 44 Townhouse Units (33’/Unit) • 6 Semi-Detached • 1 Apartment Building (31 Units) Over 5,000’ Approved Frontage, Homes selling over $500k Eric Frey Sales Representative 519.743.5211 x 3118

John Hoffman Sales Representative 519.743.5211 x 3040

LARGE AND SMALL APARTMENT BUILDINGS WANTED D TE AN W

D E T N A W

W AN TE D

SOLD BY WINCORP REALTY INC. • Large and Small Apartment Buildings anywhere in Ontario • Have many CASH Buyers ready to invest NOW • Specializing in multi-residential sales for over 40 years • References supplied • Confidentiality guaranteed CONTACT: WINSTON DAVIES, BROKER OF RECORD WINCORP REALTY INC. REAL ESTATE BROKERAGE GUELPH, ON TEL: 519-836-2080 EMAIL: wjmdavies@rogers.com

NATIONAL REAL ESTATE INFORMATION LISTING SERVICE

WWW.NREILS.COM Re/Max West Realty Inc., Brokerage INDEPENDENTLY OWNED AND OPERATED

Brian Walker Broker briantoday@gmail.com Call Brian (416) 520-2020

RICHMOND HILL

ASKING $999,900

Amazing Opportunity Rare Find Commercial Retail Storefront Condo Unit Divided Into 2 Separate Spaces. Buyers Option To Assume Tenants Or Enjoy Vacant Possession Of Up To 1842 Sq Ft. Excellent Existing Tenants.

JACOB CAMPAGNARO Sales Representative

905.599.3460 jacob@reccanada.com

THE REAL ESTATE CENTRE

FOR SALE AND LEASE

FOR SALE

FOR SALE

12 COLBORNE STREET ORILLIA, ON

2122 & 2118 OLD LAKESHORE ROAD BURLINGTON, ON

118 PEMBROKE STREET TORONTO, ON

• 7 -2 Bedroom suites & 11 – 1 Bedroom suites • All second-floor suites include balconies • Hydro separately metered • Additional revenue from parking • Coin operated laundry service • Steel roof, last inspected 2017 • Renovated main floor units, 2017 • New self-contained heating & air units 2017 • Newer windows, doors, balconies, railings 2017

• Zoning DL-C

• 40’ x 112’; total site area 3,950 sf.

• 2 surface parking spaces to the rear of the building.

• Separately metered hydro, heated with baseboard electric, no central air.

• 2 1/2 storey detached 8-unit multiplex with 5,466 sf.

• Stone/brick foundation, brick exterior and slanted roof with asphalt shingles.

• Zoning - R (d1.0) (x865) • CMHC Mortgage must be assumed on closing.

• 75% LTV, 35-year amortization at 1.9% interest. Monthly P&I payment are estimated to be $9,800.00

• Two separate properties side by side • 2122 has 13 parking spots, 6 of which are covered • 10 private offices • 4,866 SF • View of the lake • 2118 has 12 parking spots • Green Space • 2,209 SF

Contact For Info

Contact For Info

FOR SALE

FOR SALE

Contact For Info

FOR SALE

BUSINESS FOR SALE - CODE NINJA PORT CREDIT, ON

2640 RUTHERFORD ROAD CONCORD, ON

3359 DANFORTH SCARBOROUGH, ON

• Franchise Fee: $32,602. (Included in Price) • Licensed for 54 Kids • Royalties: 6% • Rent: $7,865 pm (includes TMI) • Square Footage: 3025 • Lease Term: 2025 + 5 Year options

• 15,985 +/- SqFT two storey medical office building • 4-year-old asset with no significant capital improvement expected in the immediate future • 100% occupied by eight strong medical tenants • Situated at the intersection of Melville Ave. and Rutherford Rd., between Jane St. and Keele St. • Average remaining lease term is 5.5 years • Tenants receiving a base rate increase in October 2020 • Located within 3km of the New Mackenzie Vaughan Hospital • Zoning - Commercial C5

• Boutique midrise development opportunity located on a prime stretch of danforth ave in Scarborough • 6-storey mixed use development comprising 19 apartment units with ground floor retail commercial • All reports completed (Esa I+Ii, Planning/Design, Survey, Hydro, Appraisals) • Public transit, shopping malls and grocery retail are complemented by lifestyle amenities including Scarborough Bluffs, Dentonia Park golf course and Danforth Village

Contact For Info

Contact For Info

Contact For Info

Visit recanada.com for more information 201–8 Sampson Mews, Toronto, ON, M3C 0H5 416.979.0333 Not intended to solicit those already under contract with another REALTOR®

2

v

$18/SF

187 KING ST S, WATERLOO

$27.50/SF

1 QUEEN ST N, KITCHENER

2,405sf second floor loft-style office unit, available immediately.

Various retail units also available.

Located in Bauer Building in Uptown Waterloo. Numerous amenities onsite & within walking distance. On public transit route, steps to the LRT. Ample parking available. Exclusive.

CALL DUNCAN MCLEAN

82 WEBER ST E, KITCHENER

1,002sf, 4,755sf or 5,757sf prime commercial space in Downtown Kitchener. D-1 Zoning. Brick and beam building currently being renovated. Tim Horton’s will occupy space fronting on King St. Great location in Downtown Kitchener, close to LRT, residential, restaurants and shopping. MLS. CALL NEIL KOEBEL

$13.00/SF GROSS

1,260sf office space in Downtown Kitchener. Available immediately. Ideal for lawyer, accountant, massage therapist, chiropractor, etc. Close to Region of Waterloo courthouse, Conestoga College, Centre in the Square. On public transit route, close to the LRT. Close to numerous amenities. MLS. CALL REBECCA RAWLINGS

KITCHENER, ONTARIO

CELL:

519.578.0337

$27/SF

191 KING ST S, WATERLOO

Retail unit available at Bauer Marketplace in Uptown Waterloo. $27/sf rent plus. $10.50/sf CAM. Great location close to Mark Nunes, Bauer Kitchener, Vincezo’s, etc.

Zoning allows many retail and office uses. Exclusive.

CALL DUNCAN MCLEAN

RYAN BRIGGS

DUNCAN MCLEAN

Broker of Record

Sales Representative

Sales Representative

519.741.6594

George Gicopoulos

CELL:

519.498.5775

Ryan@cmarealty.ca

BRANTFORD FRANCHISE FAMILY RESTAURANT • Great operation

• Same owner over 20 years • In good condition, about 170 seats • Pre-covid sales in access of 2 mil with great profits • Great long term lease w/ample parking

$295,000 STIRLING ON FOR SALE/LEASE • Convenience/variety

• Great property in the middle of Stirling where Mill Front and North Street meet • 1800 sq ft. former Macs Milk with all chattels in place

$379,000 or $2,500/month rent

CELL:

519.590.7997

Duncan@cmarealty.ca

Sean Gicopoulos

Sales Representative Business-Commercial Sales and Leasing

Cell 519-852-4458

Apartment/Condo Land For Sale. Proposed 125 Unit apartment or condo development.

Approx. 2 acres of mid-rise residential land.

Located on Norfolk Golf & Country Club, Simcoe, Ontario. Subject to zone change and site plan approval (estimated one year away). Asking $20,000 per unit. Exclusive Listing. CALL NEIL KOEBEL

NEIL KOEBEL

Neil@cmarealty.ca

ggicopoulos@gmail.com

$2,500,000

SIMCOE

Sales Representative Investments And Residential COMMERCIAL CANADA INC

WE MADE THE SWITCH TO EXP., MAYBE YOU SHOULD TOO!

seangic@gmail.com

Cell 519-852-4426

GREAT LONDON INVESTMENT • A-1 Location • 2 Side by side 12 Unit

apartment buildings

• 10-2 Bedrooms 1

Bachelor and 13 One Bedroom • Gross Income in the $260,000 Range • Principles only please

5% Cap on Gross Income

BAR/RESTAURANT BILLIARDS • About 9,000 sq ft.

• Intersection of Hwy 24

& Hwy 8, Cambridge

• 13 pool tables, patio

plus approved off track betting licence • Good Lease

Only $479,000

LONDON FRANCHISE BAR & GRILL • Renovated and in top condition • Sales well above 3 mil with great profits • Licenced for 187 inside plus 47 on patio • Free standing with plenty of parking • Long term lease w/renewals

Asking $825,000 KAPUSKASING CAREFREE INVESTMENT • Free standing building • Long-term franchise tenant • Recently and completely renovated • 6.5% CAP rate • Over 4,000 sq ft building • $65,000 Per year net rent

$1,000,000 3

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Mazhar Roshan Sales Representative

905.929.9800 647.609.9463 905.574.6400

Direct GTA Direct Office

M

OT

R J IV ED UST AT UC ED ED SE LL ER

!

mazharroshan@sympatico.ca HAMILTON

HomeLife Professionals Realty Inc.

BROKERAGE

I have qualified buyers for up to $5M in commercial and investment buyers.

Call for details.

448 #8 HIGHWAY

Long established variety and laundromat business. Store sale $22,000 per month. Lottery income $3,600 per month. Nevada $300 atm $300 per month. Laundromat income $9000/mth. 20 Washer and 15 dryers (few newer) alterations and dry cleaning drop off. Very reasonable rent. Long lease. Do not go direct please call lbo for more details

RESTAURANT 556 UPPER WENTWORTH STREET Central Mountain desirable location. close to all amenities, shopping, schools, and on bus route.

Long established catering takeout business with set up of commercial kitchen with 16 ft hood walk in cooler, ovens, stoves, burners, deep fryers and much much more. Good for hands on owner or business minded entrepreneur. Current owner is retiring. Price includes all chattels, fixtures, and equipment. Cheaper than setting a new facililty of that kind. Gross lease low rent. For more detalilns call LBO. Actual Street address is 460 Brucedale.

18 ACRES OF LAND

Long established automotive repair shop. owner retiring, long lease rent $3,500 including TMI, 4 bay. 3 hoist, 1 pit.

Very busy auto repair shop doing over $20k sales per month. good for a mechanic owner or manager. Fully equipped.

All mechanical fixtures, etc. included. For more details and viewing call LBO.

BURLINGTON FOR LEASE

Across from new proposed Hospital in Niagara Falls off exit #21 of QEW. Land has 1,900 Ft. frontage. Great potential for future development.

Call Mazhar Roshan for more details.

2000 Sq. Ft. on lower level for storage.

53 ACRES OF LAND Off exit # 21 QEW minutes away from new proposed hospital.

Good for future development or investment. Land has 1,800 Ft. frontage on QEW. 2,400 ft on Marshall Road and 1,200 Ft. on Willodell Road. Currently leased to a farmer. For more details call Mazhar Roshan.

WELL ESTABLISHED HIGH VOLUME CANADA POST FRANCHISE BUSINESS AVAILABLE FOR SALE

For more inquiries please call Mazhar Roshan at 905 929 9800 4

Derek Green

RE/MAX Eastern Realty Inc, Brokerage

Sales Representative

1.800.567.4546

91 George Street North, Second Floor, PO Box 2409 Peterborough, Ontario, K9J 7Y8

Derek.Green@Remax.net

Tel: 1.705.743.9111

EXCLUSIVE LISTING

179-191 Queen Street, Port Perry SITE: 0.39 Acres RETAIL: 12,000 SF + RESIDENTIAL: 11 suites

33 Colborne Street, FENELoN FaLLS SITE: 25 x 114 RETAIL: 2,000 sf RESIDENTIAL: 3 suites MLS

Fax: 1.705.743.1034 • Port Perry’s most recognized building landmark and downtown’s retail anchor, now 15-20 min away from expanded 407/412 and only 65 km from DVP/401 • Extreme visibility directly across from Post Office and nestled between three major banks, a pharmacy, and public library • Stable, long-term retail income occupied by quality, thriving tenants • Residential income from 11 upper apartment suites, some with lake views • Significant upside potential through market leasing and/or build-out/ redevelopment of underutilized space.

• Can be purchased together with 33 Colborne Street, Fenelon Falls • Full information package available

• Great investment/income property in the heard of beautiful Fenelon Falls • 3 rental apartments and 2 commercial/retail units.

• High traffic, high visibility location just steps away from one of the busiest locks in the Trent Severn Waterway.

• Can be purchased together with 179-191 Queen Street, Port Perry

Doug Freiburger Sales Representative

(519) 270-3855 Email: dfreiburger@sutton.com Website: http://www.sellwithdoug.ca

Sutton-Huron Shores Realty Inc., Brokerage.

Independently Owned and Operated

5101 Hwy. 21, Port Elgin

$1,400,000 LOCATION LOCATION!! This may be one of Saugeen Shores greatest commercial investments. Ideally located in the south commercial area of Port Elgin. A wellkept solidly constructed structure on nearly an acre of land. Boasting long standing tenants and a cap rate to brag about. Book a showing today in what may be your best opportunity in years. As per Sellers instructions financial statements available only with serious offer.

5

INVESTMENT OPPORTUNITIES CBRE INVESTMENT TEAM

69-71 WELLINGTON ST. | LONDON • Two buildings (5,239 SF & 4,731 SF) with plenty of on-site parking • High visibility fringe-core location • Upside and owner-user potential

772 CRUMLIN SIDEROAD | LONDON • ±103.61 Acre farm • Potential for estate style lots on Crumlin Sdrd • 18.53 acres zoned residential & 68.03 acres agricultural

Kevin MacDougall** kevin.macdougall@cbre.com +1 519 286 2013

David Yanoshita* david.yanoshita@cbre.com +1 519 286 2020

21556 RICHMOND ST. | ARVA

DEVELOPMENT LAND | WOODSTOCK

• 3,200 SF conversion with retail/residential units • 1,700 SF main floor unit fully leased • Located on Richmond Street in desirable Arva, ON, just north of London

David Yanoshita* david.yanoshita@cbre.com +1 519 286 2020

Mallory Weldon* mallory.weldon@cbre.com +1 519 744 4900

• Development Land along the Hwy 401 Corridor • 3 parcels available (3.37 Acres to 14.53 Acres) • Site serviced and development ready

Kevin MacDougall** kevin.macdougall@cbre.com +1 519 286 2013

416 FIRST STREET | LONDON • • • •

Care free lease – tenant pays all expenses Single Tenanted Building 13 years remaining of the lease term Recent environmentals

Rick Spencer** rick.spencer@cbre.com +1 519 286 2005

Christina Shore* christina.shore@cbre.com +1 519 286 2021

RESIDENTIAL REDEVELOPMENT • ±3.93 acre site with a 48,437 SF retail plaza • Redevelopment concepts yield ±100 townhouse or apartment units • Great location within Stratford

Joe Benninger* joe.benninger@cbre.com +1 519 340 2323

Todd Cooney* todd.cooney@cbre.com +1 519 340 2314

FULLY LEASED INVESTMENT

727 EXETER ROAD | LONDON

• 50,076 SF commercial building on 3 acres • Situated in north New Hamburg • Concepts yield a 120 unit apartment building or 68 stacked townhouses

• 85% leased to Scotiabank – Investment grade income security • 2 building portfolio located in downtown Stratford • 56,271 SF Gross Building Area

• 13,000 SF free-standing office building on 0.654 Acres • Located minutes away from Hwy 401 • Surrounded by amenities

Martin Cote* martin.cote@cbre.com +1 519 340 2317

Joe Benninger* joe.benninger@cbre.com +1 519 340 2323

RESIDENTIAL REDEVELOPMENT

LONDON

Mitchell Blaine* mitchell.blaine@cbre.com +1 519 340 2309

380 Wellington Street, Suite 30 +1 519 673 6444

WATERLOO REGION

72 Victoria Street S., Suite 200 +1 519 744 4900

Martin Cote* martin.cote@cbre.com +1 519 340 2317

Greg Harris* greg.harris@cbre.com +1 519 286 2011

Walter Raithby* walter.raithby@cbre.com +1 519 286 2033

WINDSOR

3200 Deziel Drive, Suite 110 +1 519 252 4095

© 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. *Sales Representative **Broker 6

UNITS AVAILABLE: • Pad 1: Leased to Browns Social Group • Pad 2: 6,600 sq. ft. at $40.00/sq. ft. (Drive-thru) • Inline: Up to 9,505 sq. ft. at $25.00/sq. ft.

7

COMMERCIAL, REAL ESTATE & BUSINESS OPPORTUNITIES

Bill Bradley

Sales Representative

REALTY EXECUTIVE PLUS

416.258.6866

Independently Owned & Operated

Unit 2, 1240 Speers Rd., Oakville ON 416.258.6866

exitwithbill@gmail.com

LAND FOR SALE

49

ACRES

IN CEDAR PARK 5.2A. READY TO BUILD A LAGE PLAZA ON

Condo Apartment Buildings Large or small

38 ACRES IN MILTON ON 49 ACRES IN MILTON ON CALL BILL BRADLEY FOR INFO

Apartment Buildings for sale Large or Small

Small or Large Hotel or Motel Building for Sale

THIS PLAZA ALL READY TO BUILD

BY OWNER ON 5.2 ACRES OF LAND NEAR HIGHWAY PLEASE CALL FOR MORE INFORMATION.

SELLERS AND BUYERS WANTED – CALL BILL BRADLEY 8

contents 12 16 18 20

Re-igniting your financial goals

NEXT ISSUE:

March 27, 2021

Should you buy or lease your commercial space?

ADVERTISING DEADLINE:

March 17, 2021

Vacant possession Choosing a foreign sales agent?

Ten questions to ask before selecting a candidate

REGIONS Kitchener, Waterloo & Guelph ............. 10 Southwestern Ontario ......................... 19 Greater Toronto Area.............................22

TORONTO GUELPH KITCHENER/ WATERLOO

OTTAWA

LONDON HAMILTON NIAGARA

TO ADVERTISE TORONTO Harrison Racioppo

DIRECTOR OF PRINT MEDIA Lauren Reid-Sachs

harrison@mediaclassified.ca

GRAPHIC DESIGNER & ASSISTANT MANAGER Alicesa Pullan

1.888.532.2589 GUELPH

KITCHENER/ Chris Bosnich WATERLOO 1.888.532.2609

chris.bosnich@mediaclassified.ca

PRESIDENT & PUBLISHER HAMILTON Leo Racioppo leo@mediaclassified.ca

NIAGARA

CHIEF OPERATING OFFICER John Racioppo john@mediaclassified.ca

ACCOUNTING INQUIRIES accountingteam@mediaclassified.ca CIRCULATION INQUIRIES distributionteam@mediaclassified.ca

GRAPHIC DESIGNER & PRE-PRESS COORDINATOR Hannah Yarkony GRAPHIC DESIGNERS Johannah Lorenzo, Mike Terentiev, Alice Wu All submissions from interested parties will be considered.

Please submit to the editor at editorial@mediaclassified.ca

HOME OFFICE 610 Applewood Crescent, Suite 401, Vaughan ON L4K 0E3 T: 905.761.3313 press 5 | Toll Free: 888.761.3313 press 5 F: 905.761.5038 E-mail: info@thecommercialinvestor.ca Website: thecommercialinvestor.ca Copyright Notice All copyright and other intellectual property rights in the contents hereof are the property of Commercial Investor, and not that of the individual client. The customer has purchased the right of reproduction in Commercial Investor and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of Media Classified Corporation. Contents of this publication, in hard copy format as well as online, are covered by copyright law, and offenders will be prosecuted.

Copyright 2021. All rights reserved. Reproduction, storage in a retrieval system or transmission, in any form or by any means, whether electronic, mechanical or otherwise, in whole or in part, without prior written permission of Media Classified Corporation is strictly prohibited.

KITCHENER/WATERLOO GUELPH & CAMBRIDGE

519.742.7000 www.coupalmarkou.com

54 QUEEN STREET, KITCHENER

SALE

ST N & 410 KING ST N, SALE 405 WEBERWATERLOO

SALE

40,000 SQ FT RETAIL PLAZA, KITCHENER

ING M CO ON SO • Located in Downtown Kitchener • Buyer user potential to occupy building • 13,380 sq ft • $3,495,000

• Located at corner of King St N and Weber St N in Waterloo • High density redevelopment site • Contact Listing Agent for More details MLS

15 CEDAR STREET, KITCHENER

SALE

• Zoning approval in place to add residential units • Existing cash flow • Value add opportunity

MLS

136 DEARBORN PLACE, WATERLOO

SALE

EXCLUSIVE

SALE

351 WEBER STREET NORTH, WATERLOO

D L O S • Rare development land opportunity • Zoned MU2-15H allowing many possibilities • Surrounded by an abundance of other popular retail establishments • 0.137 acre MLS • $935,000

360 REGINA ST N, WATERLOO

SALE

CO

N

DIT

• Rare ¾ acre commercial building lot for sale • Subject to severance • Flexible industrial E3 zoning allows for many uses • 0.75acres

MLS

SALE

15 BARNSWALLOW DRIVE, ELMIRA

EXCLUSIVE

SALE

529-533 EXMOUTH STREET, SARNIA

D L SO

AL N IO

• Located on Regina St N near Columbia St E / Columbia St W • Many uses for this property, restaurant, office, medical, retail, electronic, bakery • 1,500 sq ft

• Located on Weber St N near Columbia St E / Columbia St W • Many uses for this property, auto sales and repairs, office, some retail, medical • 4,000 sq ft MLS • $1,295,000

• Located at the corner of Barnswallow Dr and Church St • Approvals in place for retail plaza with full drawings already completed • 1.572 acres EXCLUSIVE • $1,595,000

• Fully leased commercial investment opportunity • 50% occupied by Service Ontario • 15,360 sq ft on 0.927 acres

Christopher Coupal

John Markou

Theo Papadopoulos

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

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

Sales Representative theo@coupalmarkou.com 519-742-7000 x 103

MLS

CONNECT

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

10

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

February 27–March 27, 2021

KITCHENER/WATERLOO GUELPH & CAMBRIDGE

519.742.7000 www.coupalmarkou.com

LEASE

7 DUKE STREET, KITCHENER

LEASE

• Located in close proximity to Ontario Court, Courthouse, City Hall, next to LRT stop • 6 offices, 2 storage rooms, kitchen and reception • 2,025 sq ft built out office space • $8.95 / sq ft net MLS

LEASE

678-684 BELMONT AVE W, KITCHENER

• Located in the heart of Belmont Village • Signage potential • High foot traffic and great side street parking • Units from 691 - 1,790 sq ft • $18.00 – $22.00 / sq ft net

LEASE

MANITOU / FAIRWAY OFFICE SPACES, KITCHENER

• Second Floor Office units in high traffic plaza • Available Now! • Free on-site parking and utilities included • Units from 1,116 – 9,980 sq ft • $12.50 / sq ft net

MLS

LEASE

851 FISCHER HALLMAN ROAD, KITCHENER

• Second floor office space with large windows for natural light • High vehicle traffic with abundant on-site parking • 1,200 – 1,632 sq ft • $20.00-35.00 / sq ft net MLS

573 KING ST N, WATERLOO

LEASE

• Prime location at the corner of Regina St S and William St E • In heart of Uptown Waterloo in Waterloo City Centre • Unit Sizes Range • $14.95 - $17.95 / sq ft

MLS

MLS

MANITOU/FAIRWAY RETAIL SPACES, KITCHENER

LEASE

• Located at the intersection of Manitou Dr and Courtland Ave E meets Fairway Rd S • Plaza recently refaced; new facia and signage • Unit Ranges: 1,079 – 7,035 sq ft • $22.00 / sq ft net

MLS

LEASE

620 KING STREET NORTH, WATERLOO

MLS

• New Build on King Street North • Near many amenities • Breaking ground early 2020 • 1,352 – 2,704 sq ft • $30.00 / sq ft

65 UNIVERSITY AVENUE, KITCHENER

LEASE

L • Located at a ver busy corner with high vehicle traffic • C2B (neighborhood commercial) zoning allows for many uses • 1,300 sq fr • $30.00 / sq ft

100 REGINA STREET SOUTH, WATERLOO

D E S EA

• Location South of University Ave and Weber St • Ample free on-site parking • Great signage opportunity and pylon sign on-site • 1,308 sq ft MLS

Christopher Coupal

John Markou

Theo Papadopoulos

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

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

Sales Representative theo@coupalmarkou.com 519-742-7000 x 103

MLS

CONNECT

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

February 27–March 27, 2021

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

11

KITCHENER/WATERLOO GUELPH & CAMBRIDGE

Re-igniting your financial goals Money is a key stressor for most Canadians. They know it’s a problem but are reluctant or unable to break their bad financial habits. “The fact is, financial ignorance is not bliss,” says Gregory Brown, former associate manager with the Desjardins Financial Security Independent Network in Surrey, British Columbia. what retirement looks like. If you can’t picture it, how can you prepare for it? So, you just don’t and avoid it altogether.

Why do you think people avoid financial planning?

Many Canadians believe the Canada Pension Plan and Medicare will be able to support them during retirement. But these safety nets will become depleted as the number of retirees continues to increase over the next 20 years.

We’re told to save for retirement, but most people are unable to picture

How do you overcome the fear?

First of all, take ownership for your past financial behaviours and your future financial goals. Be honest with yourself and know that anything is

possible with a plan. Next, write down your short- and long-term personal and financial priorities. Your financial goals will support your personal goals, so the two should be aligned.

Once we have our plan, what’s next?

It’s important to make time for regular financial discussions with your partner and some key family members. It’s also a good idea to work with a financial advisor who can facilitate the conversation and provide professional and unbiased objectivity.

It’s never too late to make financial adjustments even if they appear out of control. It just means that you have to get organized, ask for help and start making informed choices. CI

News Canada

View Our Magazines On any COMMERCIAL CANADA INC

WE MADE THE SWITCH TO EXP., MAYBE YOU SHOULD TOO!

George Gicopoulos

Sean Gicopoulos

Sales Representative Business-Commercial Sales and Leasing

Sales Representative Investments And Residential

ggicopoulos@gmail.com

seangic@gmail.com

Cell 519-852-4458

Cell 519-852-4426

GREAT LONDON INVESTMENT

DigiTaL DeViCe anytime, anywhere!

Published by:

A-1 Location 2 Side by side 12 Unit apartment buildings 10-2 Bedrooms 1 Bachelor and 13 One Bedroom and in top condition Gross Income in the $260,000 Range Principles only please

$5.25 MIL 12

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

Now you can view all Commercial Investor magazines online using any smartphone, tablet or desktop device.

TheCOMMerCiaLinVesTOr.Ca February 27–March 27, 2021

KITCHENER/WATERLOO GUELPH & CAMBRIDGE

IRFAN GILLANI

TERRY RIDDOCH

Sales Representative

Broker

irfang@gillani.ca 519-741-0950

terry@TerryRiddoch.ca 519-591-1725

30 CONCESSION STREET, CAMBRIDGE

401 NEW DUNDEE ROAD, KITCHENER

Car detailing shop for lease (868 sq ft), in a prime downtown Galt location, located just off Hwy 24!

Rent is $2000 per month, including HST, plus 50% of utility cost. First and Last month rent required on an accepted offer to lease.

401 New Dundee Road consists of a 39.44-acre parcel of vacant land in the South end of Kitchener – approximately 14.3 to 16.5 acres are developable and ideal for employment use.

101 HAZELGLEN DRIVE UNIT #17 & 18, KITCHENER $4.00/SF. Located in a mature neighbourhood, this plaza allows for a variety of retail, service, office and institutional uses. Located on the second floor. Join current Tenant’s such as Onkar Foods, Stop 2 Shop, Lucky Garden Restaurant and more! 1,779 – 4,299 SF available.

INTERESTED IN A MARKET EVALUATION OF YOUR BUILDING? CALL TODAY.

Dalibor Radulovic Sales Representative dalibor1@rogers.com

Chris Mossey

Tunde Abiodun

Rob Piombini

chrismossey@rogers.com

tabiodun@gmail.com

rpiombini@homelifepower.com

Sales Representative

Broker

519-885-8810 385 Frederick Street, Unit 32 Kitchener, Ontario N2H 2P2

Broker

HomeLife Power Realty Inc., Brokerage*

*Independently Owned and Operated

5 parcels of Development Land available in Kitchener & Waterloo (Exclusive Listings). Call for details.

D E AS

LE

D L SO

Unit 1&2, 300 Victoria Street North, Kitchener, ON - 1302 Sq/Ft

52 Huff Ave, Brantford Turnkey 6-Plex

Great Opportunity to Lease a 1302 Sq. Ft. Multi-Use Space.

Multi-use allows for retail, office, services and more. High traffic location on Victoria Street North in Kitchener. Other spaces available please call for details. $14.00 per square foot Plus CAM. Immediate Occupancy!

Five 2-Bedrooms and One 1-Bedroom. 5 Units Completely Renovated.

February 27–March 27, 2021

300 Victoria St North Kitchener, ON Unit 10 is approx. 600 SF Gross Lease $1200/Month and units 11 & 12 is approx. 1390 SF $14/SF Plus CAM.

SOLD OVER ASKING Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

13

KITCHENER/WATERLOO GUELPH & CAMBRIDGE

Coldwellbankercommercial.ca 508 Riverbend Drive, Kitchener

PETER BENNINGER REALTY, BROKERAGE

** Broker * Sales Representative

AVAILABLE FOR LEASE KITCHENER

MLS® 40021354

MLS® 40051008

171 VICTORIA ST. N.

2880 KING ST. E.

2,613 - 5,225 SF | $15.00/SF Lester Tobin* x 3023

ELMIRA

KITCHENER

875 SF | $17.00/SF Chad Ritzer*

KITCHENER

MLS® 30730857

10 CHURCH STREET

2,000-8,551 SF | $9 -16/SF Chad Ritzer* KITCHENER

ST JACOBS

MLS® 40039723/30769279

MLS® 30813984

MLS® 40048568/40063472

100 HIGHLAND RD. W.

1620 KING ST. N.

501 KRUG STREET

862 -982 SF | $13-16/SF James Boudreau** x 3020

2,044 SF | $11.95/SF James Boudreau** x 3020

BRESLAU

KITCHENER

BRIGHT

MLS® 30825717

MLS® 30828106

1O TOWNSEND DRIVE

907168 TOWNSHIP RD.

1,163-2,665 SF | $24-26/SF James Boudreau** x 3020

714 -1,238 SF | $13-13.50/SF James Boudreau** x 3020

3,672 SF | $2,100/Mo. Lester Tobin* x 3023

KITCHENER

MLS® 40058957

1668 KING STREET E.

600-2,800 SF | $8.00-$20/SF James Boudreau** x 3020

KITCHENER

WATERLOO

MLS® 40022397

MLS® 30800402

MLS® 40056437

1770 KING STREET E.

61 MCBRINE PLACE

#2-150 WISSLER RD.

860-6,900 SF | FROM $12.00/SF Chad Ritzer*

18,000 SF | $6.95/SF Chad Ritzer*

1,000 SF | $21.00/SF Lester Tobin* x 3023

Each office is Independently Owned and Operated 14

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

February 27–March 27, 2021

KITCHENER/WATERLOO GUELPH & CAMBRIDGE

Coldwellbankercommercial.ca 508 Riverbend Drive, Kitchener

PETER BENNINGER REALTY, BROKERAGE

** Broker * Sales Representative

INVESTMENT FOR SALE WATERLOO

KITCHENER

MLS® 40056698

171 VICTORIA ST. N. freestanding building 5,225 SF | $1,575,000 Lester Tobin* x 3023

KITCHENER

BUSINESS FOR SALE WATERLOO

MLS® 40038998

MLS® 40048855

52 54 LAUREL STREET

75 KING STREET S.

Business Only

&

uptown multi family buildings | $1,495,000 Chad Ritzer*

1,390 SF | $250,000 James Boudreau** 3020 KITCHENER

WATERLOO

MLS® 30809771 Business Only

#5-935 FREDERICK ST.

MLS® 30820239

MLS® 40042859 A203-151 FROBISHER DR. 109 OTTAWA ST. S. owner/user office Multi unit industrial 1,143 SF | $274,900 9,632 SF |0.50 Ac.| $1,925,000 Lester Tobin* x: 3023 James Boudreau** x 3020

2,332 SF | $150,000 James Boudreau** x 3020 KITCHENER

MLS® 40041341 Business Only

LIONS HEAD

MILDMAY

#1-3101 KINGSWAY DRIVE 1,600 SF | $199,000 Lester Tobin x 3023

UPTOWN WATERLOO

MLS® 40014098

117 EAST ROAD

freestanding industrial/ manufacturing 11,000 SF | 2.5 Acres | $1,049,000 Eric Frey* x 3118

EXCLUSIVE DRAFT APPROVED RESIDENTIAL SUBDIVISION singles/townhomes/apartments

EXCLUSIVE| Business Only

23 Acres | $3,200,000 Eric Frey* x 3118

UPTOWN WATERLOO 2,650 SF + Patio | $199,000 Lester Tobin* x 3023

Each office is Independently Owned and Operated February 27–March 27, 2021

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

15

Should you buy or lease your commercial space?

One of the trickier decisions many entrepreneurs face is choosing between buying or leasing their place of business.

THeRe aRe advanTageS and disadvantages to both options, and the decision requires lots of analysis and planning. Here are some things to consider with each option. Weigh them effectively to help make the best decision for the best business advantage.

16

When should you buy?

• If location is important to you A great location is hard to find. If you can find one that helps you grow sales through foot traffic and ease of transportation, reduces costs through proximity to key suppliers, and/or attracts and retains employees, you

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

may want to secure that space by purchasing it.

• If you want to build your personal wealth Commercial real estate has been a great investment for many entrepreneurs in recent years. While there are no guarantees, owning can build wealth separate from your operating company.

• If your current leasehold improvements are getting costly If you’re investing heavily in a building to run your business, it often makes sense to buy a property. If, however, February 27–March 27, 2021

the time isn’t yet right to buy, you may want to consider leasehold improvement loans to tide you over.

• If you want to be free of landlord woes If running every aspect of your business without potential limits, restrictions and rent increases is important to you, then you might want to buy a commercial space.

• If you need to free up working capital A well-financed property purchase can free up working capital by reducing your monthly outlay for rent. The difference can be used to build your business. “It’s about balancing growth with cash flow,” says Jean-Philippe Ménard, vicepresident, North Shore at BDC. “We often finance those kinds of purchases because we want to make sure our clients will have enough working capital to grow.”

However...

If you decide to buy commercial real estate, be sure to pay close attention to the following: • Rising interest rates Low interest rates have encouraged many entrepreneurs to buy in recent years, and they have enjoyed considerable market appreciation.

However, “there’s a wake-up call coming” for some entrepreneurs in the form of rising interest rates, says Ménard, who works in BDC’s office in Laval, Quebec. He notes that many younger businesspeople have never experienced the rising costs that come with higher rates.

• Cash flow and stability Before you buy, make sure your company will have the resources to support this commitment in the years to come.

Buying a building is a long-term investment.

• Protection and due diligence Be sure to protect yourself from problems that can come with ownership, such as hidden building defects or environmental contamination. Get a February 27–March 27, 2021

building condition inspection (BCA) and an environmental assessment (ESA), or hire a qualified environmental consulting firm to assess the property before you purchase. Before buying, it’s equally important to get a lawyer to perform thorough due diligence on such issues as land title, zoning, outstanding taxes, liens, easements and other potential problems with the property.

• When should you lease? Here’s where it may make more sense to rent a space for your business.

• If you don’t have enough working capital Start-ups are often unable to commit a lot of capital to a building, so they will most likely opt to lease.

Even if you have an established business, it may not be generating enough cash at this stage to allow you to fund both your growth and your commercial property acquisition.

• If your business needs are unstable If your company is growing rapidly or downsizing, or you’re just not sure what’s going to happen, you might be better off renting until the situation stabilizes.

• You don’t want the hassle of owning Owning a property comes with additional responsibility and potential problems. You may prefer to rent and focus on your business for the time being.

However...

If you decide to lease, be sure to pay close attention to the following: • Option to renew While some entrepreneurs may not want to make a long-term commitment to a location, Ménard cautions that flexibility can work both ways. A landlord can refuse to renew a lease once it expires. That forces your business to relocate, with all the costs associated with doing so.

• Renovations and improvements Be sure to find out about restrictions that could limit your ability to expand or use the space in different ways.

Specifically, find out whether there are

a well-financed property purchase can free up working capital by reducing your monthly outlay for rent. any limitations on making changes to your space. Do you have to return the property to its original condition when you leave? Do added equipment and fixtures remain your property, or do they become the property of the owner?

• Parking Are there enough parking spaces for all tenants and their visitors? Are you guaranteed spaces?

• Signage What are your rights when it comes to signage?

• Landlord responsibilities It’s important to understand what your landlord does and doesn’t pay for before committing to a commercial lease. Specifically, pay close attention to the following: • Common area maintenance Who is responsible for cleaning, repairs and other costs associated with common areas, such as washrooms, entrances, general reception areas and the parking lot? Who pays for snow removal, grass cutting and/or landscaping?

• Operating expenses Who pays for property taxes, insurance, utilities, security, and the repair or replacement of equipment such as heating, ventilation and air conditioning units?

Final thoughts

In the end, whether you decide to buy or lease a commercial space, remember the following: • You’re not alone As part of your trusted team of commercial real estate advisors, a lawyer specializing in commercial real estate should review your contract carefully with you to avoid any unpleasant surprises down the line. CI

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

17

Vacant possession

BY JACQUELINE MONETA JD WITH ASSISTANCE FROM JAYSON SCHWARZ LLM

If you’ve ever bought, sold or rented a property, you’re probably familiar with the term vacant possession. Giving vacant possession refers to a legal obligation to ensure that a property is in a state fit to be occupied at a given point in time.

WHEN DOES VACANT POSSESSION HAVE TO BE GIVEN? It’s common to see vacant possession as an express term in Agreements of Purchase and Sale or a lease. But vacant possession usually has to be given in the following circumstances: • When property is sold • When a lease is granted • When a tenant vacates at the end of the term However, the Ontario Superior Court has held that when no specific time of day for vacant possession has been stated, a seller can deliver vacant possession at any time before the end of that day. Therefore, it’s important to be specific if you want to ensure that the property is vacant before midnight on the agreed day.

WHAT DOES VACANT POSSESSION MEAN? It seems natural to think that a property will be delivered with vacant possession if all of the occupants have left, but chattels, or movable objects, must also be emptied. However, depending on the circumstances, vacant possession may still be given even if these requirements are not wholly met.

The test the courts apply is whether the chattels left behind substantially interfere with or prevent the enjoyment 18

of the right of possession for a substantial part of the property. The court is clear that not any impediment will do. It must be one that substantially prevents or interferes with the enjoyment of the right of possession of a major part of the property.

Given the subjective nature of this test, it’s important to keep in mind that each case will turn on its own set of unique facts. In one Ontario Superior Court case, the court held that a Quonset hut, which remained on the land after the closing date, did not impede the delivery of vacant possession. In that case, the plaintiff was willing to accept the property with the hut remaining. However, the court conceded that even if the hut should have been removed, the purchaser would only be entitled to the cost of removing the hut as an abatement of the purchase price and nothing more.

In a subsequent case, however, the court found that failing to remove equipment was a failure to provide vacant possession as required in the lease. The effect of this failure was to prevent the tenant from being able to carry on their business. In that case, the tenant was entitled to damages.

WHAT HAPPENS IF VACANT POSSESSION IS NOT GIVEN? Where vacant possession is being given on the sale of property, a buyer

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

has several options. A buyer can apply for specific performance, where the courts will enforce the contract, in addition to damages for any losses suffered. The contract may also be rescinded. But if the parties are willing to negotiate, they may be able to agree on an abatement of rent/the purchase price or a different closing date. Courts act more favourably toward sellers who have made attempts to deliver vacant possession, rather than those who make no effort to honour the terms of the contract.

WHAT DOES IT MEAN TO ME? Vacant possession is extremely important. Let’s look at some examples. You are closing your new resale home and the vendor has left a broken-down truck in the garage and lots of old furniture in house. The tenant of the vendor is still living in the basement. This is an example of a situation where you could apply to the courts to enforce your rights to specific performance.

Every situation is unique and requires a holistic overview of what is involved and then the application of both common sense and the law. This is the time your lawyer becomes very important. CI Email us at info@schwarzlaw.ca and give us your questions, concerns, critiques and quandaries.

Jayson Schwarz LL.M. is a Toronto business lawyer and partner in the firm Schwarz Law LLP. February 27–March 27, 2021

SOUTHWESTERN ONTARIO

For Sale em W y bl Dr e iv

Gl

ue

ven

eA

al end

443 Glendale Avenue St. Catharines -

Self-storage

C-store Drive-thru

Lube

Retail / cafe

Car wash

-

3.27 acres Great location on Regional Road Good traffic counts Gas, car wash, drive-thru, c-store, lube and self storage Fuel partner LOI in place

Gas

Site plan approved

Get more information John Bar, Principal* +1 226 366 9080 john.bar@avisonyoung.com

Ryan G. Cunningham, Principal* +1 905 283 2384 ryan.cunningham@avisonyoung.com

@ 2021 Avison Young Commercial Real Estate Services, LP, Brokerage. All Rights Reserved.

*Sales Representative

Bring the Cushman & Wakefield edge to your next Commercial Real Estate transaction.

CONTACT US MONDAY - FRIDAY 9 AM-5 PM

519 438 5588 info.lws@cushwakeswo.com

www.cushwakeswo.com

Although these are unsettling times and it may not be ‘business as usual’, at Cushman & Wakefield Southwestern Ontario we are working hard to continue providing our clients with the highest level of service.

We continue adhering to the Public Health recommendations, while striving to provide the excellent service you are accustomed to. Despite the unprecedented challenges, we want you to know that we are here for you and doing business.

Feel free to reach out to us anytime!

©2020 Cushman & Wakefield Southwestern Ontario, Real Estate Brokerage, Independently Owned and Operated. A Member of the Cushman & Wakefield Alliance.

February 27–March 27, 2021

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

19

Choosing a foreign sales agent?

Ten questions to ask before selecting a candidate You’ve decided it’s time for your business to venture into foreign markets. To do so, you have also realized that to be successful, you need feet on the ground, a trusted representative who will serve your interests and make business happen in your market of choice.

You need a foreign sales agent.

ThIs Is an IndIvIdual who knows your target market, is a resident of that market and has experience driving sales on behalf of organizations comparable to yours.

Even if you’re prepared to staff an overseas office with familiar faces, you still need reliable and credible 20

individuals who have the local experience and knowledge that your team does not.

Finding a foreign sales agent is easy. Selecting the best one for your business is more challenging. Here are 10 questions to ask once you have a list of candidates and are trying to make a final choice.

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

1. Can we meet?

This is an essential first step.

2. Can you provide me with references?

You want to talk to other clients with businesses similar to yours. Any hesitation to provide this should raise an immediate red flag. When checking the references, ask about how reliable, trustworthy and productive your prospective sales agent has been.

3. how well do you know my product?

An experienced and credible agent should be willing and able to sit down with you and carry out a quick strengths, weaknesses, opportunities and threats (SWOT) analysis of your February 27–March 27, 2021

SOUTHWESTERN ONTARIO

product in the market. Hesitation is again cause for concern.

relationship, non-disclosure agreements and so forth.

4. What resources do you have to represent my interests and achieve my business goals?

7. Which regions of your country do you cover?

It’s important to understand what kind of support your sales agent will be providing to you.

5. What support do you require from me?

At the same time, you should be clear on what your commitment will be to help the sales agent do the best job possible for you.

6. What’s the fine print?

This should include clear specifics about sales territories, commissions, grounds and processes for terminating the

As a risk reduction strategy, you typically should not give an agent exclusive rights to represent you throughout an entire country. It’s better – at least in the beginning – to divide the market between a few agents, than to put all your eggs in one basket, should a single agent prove unreliable or dishonest.

8. Who else do you represent?

You want to know if they represent competitors and have a conflict of interest. Hesitation to provide this information is another red flag. There are unscrupulous individuals who work to deceive companies that pose a competitive threat to their clients.

9. What is your action plan for selling my product?

Try to determine whether they are going to be just reactive, or proactive.

10. Can I have all this in writing?

Some agents will attempt to win your business on a handshake. Gentlemen agreements have no place here. The only way to protect your interests is to draft a binding legal contract.

Final thoughts

Remember, it’s far better to have a few good agents than a larger number of mediocre ones. Not only will bad ones perform poorly on your behalf, the cost of managing those relationships can be a substantial drag on your time and resources. CI Source: bdc.ca

ROY A. BOYES REAL ESTATE 519-397-0928 boyesre@gmail.com VARIETY GAS + SUB SHOP ESSO PLAZA PLAZA RETIREMENT HOME GOLF + RET. HOME LAND MOTEL NORTH MOTEL NORTH CAR WASHES LAND GOLF GOLF GOLF RETIREMENT HOME February 27–March 27, 2021

GROSS 650K., ASK 110K. ASK 1.9M., NET 225K. STORE + 2 RENTALS, 1.3M. 3 UNITS, ASK 975K., 7 CAP VACANT, 32 RMS, ASK 1.8M. ASK 2M. 100 YR. OLD COURSE 37 DOORS + 3 COMMERCIAL 2.3M. 54 DOORS, GROSS 750K., ASK 3M. 2 SAME CITY, GROSS 275K, ASK 1.4M 5 ACRES, ZONED GAS + PLAZA. 2M. 9, GROSS 275K, LIV. ACC. 895K. 18, GROSS 800K., ASK 3.2M. 18, GROSS 650K., ASK 1.9M. 41 BEDS, GROSS 1M. ASK 3.4M. Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

21

GREATER TORONTO AREA

SUMMA PROPERTY MANAGEMENT Professional Property Management & Consulting

In the Property Management Industry since 1984.

Our superior service includes managing multi-unit Residential/Commercial/ Retail/Industrial/Condominium properties.

We offer superior, professional, personal property management service.

647-341-7990

www.summapm.com

propman@summapm.com

Victoria Kirk Carter Rickman BROKER

MOVEYOU

SALES REPRESENTATIVE Percy Fulton Ltd.

d: 647.697.7413 e: TwoMoveYou@gmail.com 362 Kingston Road West

Brighton: Commercial and Residential

Brighton: Pet Shop For Sale • Be your own boss!

• Take over the reigns of a successful business • Only $139,000 (Pet food not included)

• Two Units, one residential, one commercial • $499,000 in downtown Brighton

• Fantastic Opportunity To Lease 905 Sq Feet At Kingston And Westney Rd. • $24 Per Sq. Ft. Plus $12 TMI (Approximately $2715 Per Month)

Belleville: Development Opportunity

Grafton: 185 Acres With Lake Views

• Gutted Interior, Sold with all plans • Turn into a 4 storey, 52 unit Multi-Res building • $3,390,000 As Is

• 5 ponds, multi- structures on land • Tons of possibilities (camp, farm, resort, etc) • $4,500,000

There Are So Many Opportunities For Investors EAST Of The GTA! Contact Kirk Rickman And Victoria Carter.

www.2MoveYouGuarantee.com Find Out More About Our Guaranteed Services

22

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

February 27–March 27, 2021

GREATER TORONTO AREA

FOR SALE 5.2 Acres Approved Commercial Land Ready for Construction Cedar Park Plaza / Gas Station Complex Cedar Park Plaza / Simcoe ON

Luxury 6 PLex OakviLLe In the HEART of Midtown Oakville - steps to the GO Station Over Improved property with 6 Luxurious Suites in a Ravine Setting All Suites Porcelain Flooring, European Bathrooms, Gourmet Kitchens

Location Queensway Street West, Simcoe, Ontario

*58,000 sq. ft. Plaza ready for construction NOW *Optional with new gas complex *Prime location 250+ customer parking spaces

Cedar Park Plaza / Simcoe Ontario

Live in Yourself and have other pay your expenses!!

Lorenzo Digianfelice (416) 907-8281 - ldigianfelice@cfrealty.ca

Commercial Investment opportunity for Investors / Builders

Sale Price $1,990,000 (Financing available)

Call Ed Bain 416-836-7686 (email) slandcorporation@yahoo.ca

35 The Links Road #201, Toronto ON, M2P 1T7 416-972-9220

NICHOLAS SIDER CPA, CGA SALES REPRESENTATIVE

(647) 668 - 5467 nsidercpa@gmail.com 1396 Don Mills Road, B121 Toronto

FOR SALE | $6,000,000

294 ONTARIO ST., TORONTO Beautiful Art Deco Building, 6 Identical Appartments, 2 Terraces, 4 Balconies, 6 Parking Spaces, Roof (2015 With Warranty), Hardwood Floors FOR SALE | $2,100,000

1728 EGLINTON AVE W, TORONTO

FOR LEASE | $25/SQUARE FEET

End Unit Main Floor Only. Basement Unit Self-Contained And Rented Separately. Great Location With High Traffic Neighbourhood. Future Eglinton West Lrt Subway Station Coming Soon. Minimum 5 Year Lease.

February 27–March 27, 2021

333 DANFORTH AVE., TORONTO Location, Location, Location. Retail Store & Upstairs Apartment. Upstairs Apartment Is Month To Month. Tenants Pays For Own Hydro Use.

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

23

GREATER TORONTO AREA

Specializing in all your financial needs since 1975 ✓ Residential 1st and 2nd Mortgages ✓ Land ✓ Construction ✓ Commercial Investment ✓ Apartment Buidlings

✓ Office And Medical Buildings ✓ Special Purpose Properties • Gas Stations, Hotels, Churches, Mosques, Retirement and Nursing Homes, Self-Storage and Student Residences and more.

Call or send a package for a quote:

CYR Funding Inc. #11681 • Attn. Rena Malkah Bus 905-731-1111 x229 • Cel 647-838-5061 • Fax 905-731-6860

rena@cyrfunding.com • www.cyrfunding.com 24

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

February 27–March 27, 2021

GET SOLD R E A L T Y

I N C .

WITH RE/MAX GOLD GET SOLD

B R O K E R A G E

GORDY KHUMAN Broker of Record

GORDY KHUMAN WITHinfo@remaxgoldrealty.com RE/MAX GOLD Broker of Record

905.673.8500 MALTON I N C .

B R O K E R A G E

R E A L T Y

ERIN MILLS COMMERCIAL - RIDGEWAY & EGLINTON 905.673.8500 MALTON CENTREinfo@remaxgoldrealty.com NOW LAUNCHED III ERIN MILLS COMMERCIAL CENTREPHASE - RIDGEWAY & EGLINTON NOW LAUNCHED PHASE III

35 ACRES OF COMMERCIAL DEVELOPMENT 35 ACRES OF COMMERCIAL DEVELOPMENT

EX. FH EX . L S

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54'-9"

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LO

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HT

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INDUSTRIAL 10,656.36 m2 (114,704 sqft)

I

INDUSTRIAL 10,656.36 m2 (114,704 sqft)

55'-9"

A

IN

G

45'-5"

25

45'-5"

58'-0"

45'-5"

GARB. RM.

B

B 25

3

34

37'-9"

I1 2,104SF

55'-9"

SS

A

45'-5"

GM

EX . L S

58'-0"

45'-5"

37'-9" 37'-9"

45'-4"

GARB. RM.

I1 I2 2,104SF 2,104SF

45'-5"

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45'-5"

I2 I3 SF SF 2,104 2,104

45'-5"

82'-8"37'-9"

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45'-5"

I3 I4 4,241SF 2,104SF

I5 7,609SF

I17 SF 2,034 33

1

44'-3"

22

45'-4"

SOLD SOLD

I5 7,609SF

A

I6 7,929SF

A

45'-5"

I6 7,929SF

45'-5"

I7 7,929SF

45'-5"

I7 7,929SF

45'-5"

I8 7,929SF

45'-5"

45'-5"

I8 7,929SF

45'-5"

45'-5"

I9 7,929SF

45'-5"

I9 7,929SF

45'-5"

I10 7,929SF

A

45'-5"

I11 7,929SF

I12 7,929SF

I13 7,929SF

I14 7,929SF

I15 7,929SF

I16 7,929SF

I17 I18 SF SF 2,034 2,034

44'-3" 44'-3"

45'-5"

I10 7,929SF

I11 7,929SF

I12 7,929SF

I13 7,929SF

I14 7,929SF

I15 7,929SF

I16 7,929SF

I18I19 SF SF 2,034 2,034

44'-3" 44'-3"

45'-5"

B

45'-11"

82'-8"

I19 I20 2,034 2,113SF

11'-5"

22

45'-11"

SPRK./ MECH RM.

11'-5" 44'-10" 44'-3"

GARB. RM.

SOLD SOLD

I4 4,241SF

I20 2,113SF

44'-10"

HT

GARB. RM.

SPRK./ MECH RM.

SS

54'-9"

HT

HT

20'-8"

HT

20'-8"

38

35

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www.remaxgoldrealty.com 25

EX. FH

www.remaxgoldrealty.com

HT

905.456.1010 BRAMPTON 905.673.8500 MALTON 905.456.1010MISSISSAUGA BRAMPTON 905.290.6777 905.673.8500 MALTON 905.290.6777 MISSISSAUGA

Industrial & Commercial Unit with E2 Zoning Starting from 7900 Sq Ft to 40,000 Sq Ft Industrial & Commercial Unit with E2 Zoning Starting from 7900 Sq Ft to 40,000 Sq Ft 39

34

VERY RARE VERY RARE FIND FIND

SkyViews

Your Price for ‘Upside’ Finding Value in the Grey Areas

By Cliff Ford, Skyview Realty

With the ever-increasing demand for multi-unit residential properties amongst investors, a trend has been emerging over the last number of years.

Many properties, and certainly buildings with 30+ units, are seeing multiple offers as part of an open bid submission process.

If you aren’t familiar with the bid submission process, it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide all due diligence documents in advance of the offer deadline to allow buyers to determine what they are willing to offer on any given property. Sellers love this process as it can generally lead to multiple offers and can create a bidding war that drives up their end price. Buyers dislike this process, however, because they prefer to have some guidance on pricing going into the offer stage. As a brokerage, we are caught in the middle of wanting to deliver great results for our Seller and satisfying our buyer clients’ demands for more investment properties.

What we have been noticing with these open bid properties is that ‘upside’ becomes a very common discussion point. The value a buyer places on the upside in a building can often become the factor that makes their offer stand out among the rest, at least as it relates to purchase price.

When considering what the upside is on a property, its more than just rental rate upside, especially considering the lower vacancy rates seen in the Ontario market nowadays. Beyond the upside of what you could rent turned-over units for, investors are looking at upside in the utility consumptions by implementing programs to replace lighting with LED bulbs, installing Low-flow toilets in every unit, and investing in higher efficiency heating equipment. Upside can also be found in converting excess space in a building to either additional units, commercial space, or amenities that could draw in greater tenant rents.

Sometimes even the location of the property itself

26

can have a form of upside for a particular buyer, in that they may own a building nearby and could create valued upside in the sharing of mutual expenses between each property.

Whatever the upside factors may be on any particular property, when going into a purchase process, understanding what YOUR value is on the upside will give you a leg up when bidding against other buyers. It appears that, at least for the time being, the sale price of the property is no longer determined just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course if every seller had their way, the Buyer would be paying for 100% of the upside in their purchase price but realistic sellers also know that they need to leave something on the table for a buyer. As a buyer, you need to know what the upside is and how much you are willing to pay for that upside. It is a business decision that only you can determine based on your operations.

To be fair when discussing bid submission processes, it should be stated that price may not always be the only factor when a seller chooses one offer to work with over another, but it is likely the most significant factor. As an example, buyers are becoming more and more organized in their purchasing processes in order to streamline their conditional periods and closing dates, as this can also help to achieve a sign back from a Seller when multiple offers are on the table. Especially if all offering prices are neck and neck, the terms of the offer becomes an important factor for a seller.

You may not be a fan of the open bid submission process, but it appears as if this new trend will be sticking around. By doing proper due diligence upfront, good research on the property’s market, and determining the price you want to pay for the upside, you can still achieve great acquisitions in this tight and highly sought after investment class.

H A M I L T O N

Mazhar Roshan Sales Representative

905.929.9800 647.609.9463 905.574.6400

HomeLife Professionals Realty Inc.

Direct GTA Direct

BROKERAGE

Office

I have qualifi ed buyers for up to $5M in commercial and investment buyers.

Call for details.

mazharroshan@sympatico.ca 18 ACRES OF LAND

HAMILTON

Across from new proposed Hospital in Niagara Falls off exit #21 of QEW. Land has 1,900 Ft. frontage. Great potential for future development. Call Mazhar Roshan for more details.

RESTAURANT - 556 UPPER WENTWORTH ST.

53 ACRES OF LAND

Central Mountain desirable location. close to all amenities, shopping, schools, and on bus route. Long established catering takeout business with set up of commercial kitchen with 16 ft hood walk in cooler, ovens, stoves, burners, deep fryers and much much more. Good for hands on owner or business minded entrepreneur. Current owner is retiring.

Off exit # 21 QEW minutes away from new proposed hospital. Good for future development or investment. Land has 1,800 Ft. frontage on QEW. 2,400 ft on Marshall Road and 1,200 Ft. on Willodell Road.

Currently leased to a farmer. For more details call Mazhar Roshan.

M RED JUS O T SE TIV UCE LL AT D ER ED !

Long established variety and laundromat business.

Store sale $22,000 per month. Lottery income $3,600 per month. Nevada $300 atm $300 per month.

Laundromat income $9000/mth. 20 Washer and 15 dryers (few newer) alterations and dry cleaning drop off. Very reasonable rent. Long lease. Do not go direct please call lbo for more details.

Well established high volume Canada post Franchise business available for sale For more inquiries please call Mazhar Roshan at

905 929 9800

BURLINGTON FOR LEASE

2000 Sq. Ft. on lower level for storage.

“My Business is to Sell Your Business”

MULTI UNIT COMMERCIAL BUILDING FOR SALE BBSREALTY.COM

16 Myrtle Avenue, Hamilton, ON Multi unit commercial property in downtown Hamilton. This property offers onsite parking and two driveways- one off Main Street and one off Myrtle. C2 zoning. Currently set up as 11 units. 13 parking spaces plus street parking. Fire separation in place. Projected NOI of $95,447.00

John MacNamara

Paul Mariutti

Sales Representative Office: 905.529.5900 Ext. 211 Email: macnamara@bbsrealty.com

Sales Representative Office: 905.529.5900 Ext. 212 Email: mariutti@bbsrealty.com 27

Building Value Through Renovation A successful real estate investment case study, from the host of 30 Minutes To Wealth.

By 30 Minutes To Wealth, Real Estate Talk Show

You know what they say, buy the cheapest house in the best neighbourhood! Well, that’s what was done here by 30 Minutes To Wealth host Carmen Campagnaro, at her property in the GTA. This house was reasonably purchased off-market, cosmetically renovated, and an in-law suite was added with a separate entrance to create value through a BRRRR (buy, renovate, rent, refinance, repeat) strategy!

Read on for valuable tips and to find out more about this project.

Before

Real Estate Investor Carmen Campagnaro

After

The information contained in this article is provided for educational purposes only by 30 Minutes To Wealth. All information presented is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information of this article.

28

INVESTMENT TIPS

RENOVATION TIPS

Knock Knock Are you looking for a particular property but are having trouble finding one available? Don’t be afraid to go door-to-door on the street you are looking to purchase.

You might find an interested seller who is willing to do a private deal. This could allow you to purchase a property off-market, avoid potential bidding wars, save on fees, and score a great property.

Paint it out! If your cabinets are in great shape consider having them professionally painted to dramatically change the look. The cost to paint this kitchen was approximately $2000, which was a huge savings from having to replace the cabinets all together.

Furnish It If you are looking for maximum rental returns, consider renting your unit as a furnished short-term rental.

Typically there are larger upfront costs and property management fees required when using this strategy, however the upside in rental income compared to a traditional unfurnished rental could really make a difference in your cash flow and overall profitability.

Second Hand Treasures Looking to furnish your property on a budget while still maintaining a unique and high quality product? Consider sourcing materials and decor from second hand sources such as Kijiji, Marketplace, estate sales, garage sales, etc. You could find some incredible pieces for much less compared to the cost of buying new!

Not only are you cutting down on your renovation costs, but you can create a unique and desirable finished product that stands out from the competition. Score!

Hardware and Accessories Consider updating your kitchen hardware with something more modern to totally transform it’s look. In this case Carmen went with gold handles to match the new faucet and accents throughout the kitchen. The final look came together by adding a brand new stone counter top.

Remodeled Kitchen

Have Fun Add a bit of design flare without being too bold.

In this case Carmen decided to use a classic Moroccan tile throughout the main floor. By going with a muted grey shade for the tile, she was able to tone down the pattern and still create a design statement without being too loud.

Hidden Gem Look for a property that has wall-to-wall carpeting. Chances are there is hardwood hiding under that carpet just waiting to shine again. In this case Carmen was able to uncover a house full of beautiful hardwood that was in great shape. This created a huge savings for the project, by not having to install new hardwood throughout the entire house.

Updated Bathroom

In-Law Suite Success This property was originally a standard 3 bedroom family home with an unfinished basement, and Carmen saw the potential in creating a finished in-law suite.

Adding a basement apartment can enhance the value of a home by offering additional space for blended or extended families. Additionally, a basement apartment can be rented out, and the income can be used to support carrying costs of the entire house!

Curb Appeal Don’t underestimate the value of first impressions! Curb appeal is very important to making a home more appealing to buyers. In this case, Carmen added some much needed architectural flare with a new covered front porch. She also went with a fresh new paint colour, one that makes the house really pop amongst the other homes.

View the full case study online at 30MinutesToWealth.com.

TEACHING YOU HOW TO BUILD WEALTH THROUGH REAL ESTATE

Watch all episodes at 30MinutesToWealth.com Friday Nights 12:30 AM

Saturday Mornings 10:30 AM 29

125 hartzel road, St. cathariNeS

133 hartzel road, St. cathariNeS

4581 North Service road, BeamSville

Stand alone 7,402 sf Service Related/office building with ample parking. Used as VW dealership. 6 car shop with floor drains, mezzanine area, offices and showroom. Men’s & Womens washrooms. Gated fenced yard. Exterior lighting.

Offered at $2,250,000

Stand alone 1,736 sf commercial building available on busy Hartzel Rd. Being sold as is where is. Former Veterinary Clinic. 8’ ceilings. Multiple exam rooms, front reception area. 3 man doors. Kitchenette & washroom. Ample parking with mutual drive.

Offered at $375,000

Ice Wine & Ice Cider Production Facility located in the Lincoln Lakeshore sub-appellation on +/-39.98 acres. This property is an assembly of 3 parcels featuring flat landscape downwards to Lake Ontario.

Cleared lands ready for new plantings. Views of the escarpment and the Toronto Skyline.

Offered at $10,988,000.00

1413 SpearS road, Fort erie

4796 victoria ave., Niagara FallS

2015 allaNport road, thorold

+/-7.19 acres of prestige industrial land located directly in front of the QEW. It is approx. 4 km from the Peace Bridge crossing into the USA. Offered at $725,000.00

+/-6,000 sq. ft. office building in the Downtown core of Niagara Falls. Presently occupied by a pharmacy on the main floor level, consisting of +/-3,000 sq. ft. with the upper level, with own separate entrance consisting of +/-3,000 sq. ft. Basement with bathrooms and storage.

New HVAC, 2 new bathrooms on main floor, parking for 10, next to new medical centre.

Offered at $995,000.00

+/- 30.13 Acres of Dry Industrial Land for sale, including a +/- 4,000 sq. ft. , 2 storey house. Can be developed as an industrial site or as presently used, a cash crop. Many permitted uses with a 24’ X 60’ block barn and a wood barn. Side by side homes with separate entrances. Main house has 100 amp service, second home has 200 amp service.

Offered at $2,499,000.00

For leaSe

1326 BarroN road, thorold

(iNduStrial leaSe) 2 Keefer Rd., St. Catharines – (+/-12,258 sf) - $7.00 psf net 27 Keefer Rd., St. Catharines – #2A – (+/- 4.044 sf) - $6.50 psf net 27 Keefer Rd., St. Catharines – #2B – (+/- 5,428 sf) - $6.50 psf net 188 Bunting Rd., St. Catharines – #6 – (+/-1,250 sf) -$7.50 psf net 188 Bunting Rd., St. Catharines – #8B-9B – (+/-2,500 sf) - $7.50 psf net 340A Lakeshore Rd., St. Catharines – (+/-31,311 sf) $6.00 psf net 15 Neilson Ave., St. Catharines – 15C – (+/-2,000 sf) $7.00 psf net

30

Well maintained industrial building available, situated on +/- 5.68 acres. Currently approx. +/- 15,000 sf lease to 2 tenants with expiry date of Dec. 2022 and Feb. 2024. New Quonset Building available for lease and also 2,700 sf office space with baseboard heat & window a/c. Large Open production area and sizeable gravel shared yard. Three drive in doors. Ceiling hgts. range from 16’ to 22’. 600V 3 phase. 7 ton crane available. Potential annual income $108,000.

Offered at $1,600,000.00

Colliers International Niagara Ltd.,

Real Estate Brokerage 82 Lake Street, Suite 200, St. Catharines, ON L2R 5X4 www.collierscanada.com 905-354-7413 7058 LuNdy’S LaNe, NIagara FaLLS

1219 hurrICaNe road, thoroLd

336 graNd aveNue, Chatham, oN

Great corner lot with good exposure. Located in very close proximity to the Falls Manor Resort & Restaurant and short walk to Canada One Outlet Mall. Many Permitted Uses under Tourist Commercial Zoning. High traffic through fare to the Falls tourist District.

Offered at $649,000.00 Bryan Saelens, Sales Representative bryan.saelens@colliers.com

60 acres Industrial Land available, located in the southern sector of the City of Thorold, only 25 minutes to U.S. Border. Hydro 1 right of way affecting approx. 1/2 acre and easements in favour of InterProvincial Pipeline & TransCanada Pipelines also affect the property.

Offered at 2,550,000.00 Ralph Roselli, Sales Representative ralph.roselli@colliers.com

Profitable dog/car wash business now available for share sale. The business has been in operation for 10 years. Both locations feature a fleet card system and visa/interac and cash payment systems in the bay, dog wash, soft touch drive express and vacuum stations, fully updated wireless security.

Offered at $1,495,000.00 Contact Bryan Saelens, Sales Representatives bryan.saelens@colliers.com

7301 LuNdy’S LaNe, NIagara FaLLS

1031 NIagara Street, WeLLaNd

3 raCe Street, St. CatharINeS

Land development opportunity containing approximately 1.62 acres on the tourist route to the heart of Niagara Falls. Proposed 8 storey, 91 unit condo development ground floor additional parking, plenty of parking to accomodate, pre-consulting with the City completed. Access to site from both Lundy’s Lane and Royal Manor Drive.

Offered at $2,495,000.00 Ralph Roselli, Sales Representative ralph.roselli@colliers.com

5,800 sf free standing building available on busy Niagara St between Quaker & Merritt Rds. Office/ Showroom area comprising 2,150 sf with forced air heating & fully air conditioned. Rear shop areas comprises 3,650 sf with 6 drive in doors and radiant tube heating. Ceiling heights range from 9’ to 11’.

Parking for over 200 vehicles.

Offered at $1,400,000.00 Ralph Roselli, Sales Representative ralph.roselli@colliers.com

Excellent investment Opportunity. 3 Race St. is a state of the art building with European flair.

The building is across the street from the FirstOntario Performing Arts Centre, the Brock Arts Centre and the Meridian Centre; an excellent location for pre and post performance/event dining experiences.

Offered at $3,369,000.00 Greg Chew, Sales Representative greg.chew@colliers.com

120 WeLLaNd ave., St. CatharINeS

+/-1,420 to +/-4,762 sq. ft. retail units available.

Located in walking distance to Downtown St. Catharines, Midtown Plaza is anchored by Giant Tiger and The Beer Store. With ample on site parking and quick, easy access to the QEW & 406 Highways.

Offered at $12.00 psf/net Taylor Wilson, Broker of Record taylor.wilson@colliers.com

Brokerage appraisals ManageMent

4921 SaNN road, BeamSvILLe THIS SPRAWLING 10 ACRE LAKEFRONT PARCEL IS IRREGULAR IN SHAPE AND FEATURES ROLLING LANDSCAPE DOWNWARDS TO LAKE ONTARIO WITH APPROX. 143’ FRONTAGE OVERLOOKING THE LAKE. BUILD YOUR DREAM HOME OR WINERY .. OR BOTH WITH VIEWS OF THE TORONTO SKYLINE. YOU WILL HAVE A PRIVATE ENTRANCE OFF SANN ROAD. THE EXCESS ACREAGE ARE CLEARED FERTILE LANDS READY FOR NEW PLANTINGS. SELLER WILL SEVER PROPERTY AT ITS OWN EXPENSE. Offered at $3,000,000.00 Ralph Roselli, Sales Representative ralph.roselli@colliers.com

Accelerating success.

Global leadership in real estate solutions.

“Information contained herein has been obtained from the owners or from other sources deemed reliable.

We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change without notice.”

31

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