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Tobiano Golf Course Kamloops BC – BC’s Premier Public Golf Course

INTERIOR B.C. • ALBERTA • SASKATCHEWAN • MANITOBA SECTION

$4.29 JULY 2012 Vol. 27/Issue 7

15 REBUILDING OF SLAVE LAKE

“Inspired� effort pulls hope from the ashes

â–˛

Mayor Karina PillayKinnee cites community’s “courage� after nearly a third of town burnt down

7 PINSTRIPES IN TRAILER PARKS

REIT bean counters lusting for income turn to mobile home plays

11 BETTING ON A RED DEER BOOM

Speculative industrial builders see growth in Alberta’s power corridor

For Sale Asking Price: $5,500,000

Court Ordered Sale s#OURSEDETAILSTOURATwww.tobianogolf.com s SQFTCLUBHOUSELICENSEDRESTAURANT s3ALE)NCLUDESEQUIPMENTINVENTORY s2ANKEDBESTPUBLICGOLFCOURSEIN"# 

SPECIAL SECTION • A14

LIFESTYLE PROPERTIES

PUBLICATIONS MAIL AGREEMENT 40069240

&ORFURTHERINFORMATION J-D Murray 604 691 6664 JDMURRAY NAICOMMERCIALCA Commercial Real Estate Services, Worldwide.

Gary Haukeland 604 691 6693 GARY NAICOMMERCIALCA

.!)#OMMERCIAL n4HURLOW3T 6ANCOUVER "#6%, tel 604 683 7535 FAX www.naicommercial.ca

RETURN UNDELIVERABLE CANADIAN ADDRESSES TO CIRCULATION DEPARTMENT: 102 EAST 4TH AVENUE, VANCOUVER, B.C. V5T 1G2

The worlds largest Contempo Spa is now Franchising in your area. Experience the ultimate in spa treatments and superior customer service that has made Planet Beach the World’s largest, fastest growing neighborhood Contempo Spa franchise. >ÀŽÊ Â?>˜iÞÊUÊÊÇnä‡{ÂŁĂˆÂ‡ÂŁĂ¤Ă¤Â™ĂŠUĂŠĂœĂœĂœÂ°ÂŤÂ?>˜iĂŒLi>V…°Vœ“ “>ÀŽ°LÂ?>˜iĂžJÂŤÂ?>˜iĂŒLi>V…°VÂœÂ“ĂŠĂŠPlanet Beach Western Canada


B2 Interior British Columbia Colliers International Centre Group Commercial Realty Kelowna, B.C. 250.763.2300

www.westerninvestor.com JULY 2012 WESTERN INVESTOR

Colliers International Centre Group Real Estate Services Kamloops, B.C. 250.372.7000

www.colliers.com/kelowna

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MOTEL, HOTEL & BUSINESS CONSULTANTS s MEMBER of the Canadian I.C. & I Council

201-1449 St . Paul St., Kelowna, B.C. V1Y 2E5

O f fice: Fax:

250-862-8100 250-984-0803

Syd Berisoff

Larry Berisoff

Jody L. Miller

Agent/Broker

Associate Broker

Personal Real Estate Corporation

syd@syberrealty.com

larry@syberrealty.com

jody@syberrealty.com

To view photos on these and other opportunities visit our website NEW LISTI NG

ECONOLODGE INN AND SUITES s5NITSLOCATEDINTHE(EARTOF+IMBERLEY s-ANYRENOVATIONSINCLUDINGROOFANDELEVATOR s,EASEDRESTAURANTnYRTERM s-INIMAL#OMPETITION#LOSETO!IRPORT 'OLF 3KIING Asking $ 1,975,000

SOLD

OKANAGAN CAR WASH s%XCELLENT,OCATIONIN6ERNON "# s3TATEOFTHE!RT#ONCRETE"LOCK"UILDING s"AYS "AYIS!UTOMATIC s$OGGIE7ASH 6ACS3ELF3ERVE7ATER$EPOT s!WESOME#ASH&LOW

NEW LISTI NG

www.syberrealty.com NEW LISTI NG

HIGHWAY 3 s5NIT-OTELIN6ERY'OOD#ONDITION s"EDROOM "ATHROOM/WNERS3UITE s'REAT3TREET!PPEAL-ETAL2OOF s3AMEOWNERLASTYEARS s3OLID"USINESS!CT1UICKLY $ 1,550,000

NEW LISTI NG

*UST2EDUCED$ 200,000 to $ 2,090,000!

WATERFRONT RESORT s.EARLY!CRESON0INANTAN,AKE s/NLY-INUTESFROM+AMLOOPS s7ONDERFUL(OME #ABINS7ATERFRONT s,AKE6IEW263ITES%XCELLENT&ISHING s'REAT0ROPERTYFORA'ROUP&AMILY0URCHASE s"RING9OUR)DEASTHERES2OOMTO%XPAND GROCERY STORES Riondel BCn'ROCERY "AKERY ,IQUOR $ 499,000 6ERY.ICE,AKESIDE#OMMUNITY Armstrongn'ROCERY 4AKEOUT&OODETC %XCELLENT"UILDINGn%ASYTO/PERATE $ 529,000

HISTORIC GREENWOOD s5NIT-OTEL 3MALL# STOREAND'REYHOUND $EPOT s"EDROOM,IVING!REA 0LUSA"EDROOM !PARTMENT s,OCATEDON(IGHWAYWITH%XCELLENT%XPOSURE s6ERY0OPULARWITH4RAVELERS 7ORKERS (UNTERS 4HISISA-ONEY-AKER$ 499,000

OKANAGAN RV PARK s,OCATED!CROSSTHE3TREETFROM,AKE/SOYOOS s!CCESSTO"EAUTIFUL3ANDY"EACHES s3ITESPLUS#ABANASON!CRES s7ONDERFUL"EDROOM#HARACTER(OME s/PERATESFORLESSTHAN-ONTHS-AKES $ 1,199,000

SASKATCHEWAN OPPORTUNITY! s#OMMERCIAL"UILDINGIN+INDERSLEY s SQFTWITH3OLID4ENANTS s3TEEL&RAME -ETAL2OOF%XTERIOR7ALLS s!CREWITH&RONTAGEON(IGHWAY s7ILL#ONSIDER4RADETO"#-(0ETC $ 895,000

HIGHWAY 16 s5NIT-OTELIN.EW(AZELTON s"EDROOM,IVING!REA6ACANT,OTS s"UILTIN2ESTAURANT.EARBY s%XCELLENTFORAN%NTERPRISING&AMILY $ 495,000

OSOYOOS s5NIT-OTELWITH"EDROOM-ANAGERS3UITE s!DDITIONAL"EDROOM(OUSEWITHA"AY'ARAGE s/N 3ITE"REW0UB2ESTAURANTIS,EASED s'REAT,OCATION 3ITUATEDON!CRES s0OSSIBLETO3UBDIVIDE0UBFROM-OTEL $ 2,675,000

MOBILE HOME PARK PADSnALWAYSFULL !CRES.EAR7ILLIAMS,AKE 0AD2ENTISMONTH -ANAGERINPLACE%ASYTO/PERATE ,AGOONANDWELLNEWPUMP $ 649,000

Merritt n'REAT(OME 'ROCERY 4AKEOUT&OOD "USY!REAn(OMES!PARTMENTS3CHOOL $ 849,000 Vernonn2ESIDENCE $ELI 'ROCERY %XTRA,OT #LOSETO(OSPITAL"USY $ 1,228,000

ALBERTA LIQUOR STORE s,OCATEDIN3OUTHWEST!LBERTA s(IGH3ALES,OW/VERHEAD s%XCELLENT(IGHWAY,OCATION s3AME/WNER YEARS s/VERHEADLIVING!REA $ 869,000 + Stock


$0/5&/54+6-: */5&3*03 #$ Â&#x2026;"-#&35" Â&#x2026; 4"4,"5$)&8"/ Â&#x2026; ."/*50#" 4&$5*0/ On the cover Slave Lake Mayor Karina Pillay-Kinnee credits courage of community for rebuilding her fire-ravaged town. Photo: Joe McWilliams

FEATURES 15 0/5)&$07&34MBWF-BLFCFUUFSUIBOFWFS 

Town rebuilds one year after devastating wildfire

7

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Juicy cash flow draws REIT players into the action

41&$*"-4&$5*0/Â&#x2026;" LIFESTYLE PROPERTIES

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Sellerâ&#x20AC;&#x2122;s market emerging in Alberta power corridor Download a PDF of all our Regional Roundups online at www.westerninvestor.com

24 .PPTF+BX¤TDSVTIFEDBONPSQITJOUPNBMM 

Change in old civic centre reflects cityâ&#x20AC;&#x2122;s new confidence



23â&#x20AC;&#x201C;27 4"4,"5$)&8"/   ."/*50#"   3&"-&45"5& 

COLUMNS

 #64*/&440110356/*5*&4

 #64*/&440110356/*5*&4

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6 0 4 - 6 6 9 - 8 5 0 0 o r 1 - 8 0 0 - 6 6 1 - 6 9 8 8 f a x : 6 0 4 - 6 6 9 - 2 1 5 4 i n f o @ w e s t e r n i n v e s t o r. c o m w w w. w e s t e r n i n v e s t o r. c o m 1 0 2 E a s t 4 t h A v e n u e , Va n c o u v e r, B . C . V 5 T 1 G 2

McLaughlin Commercial Group - RE/MAX Commercial - RE/MAX Kelowna PRIME DEVELOPMENT SITES WINFIELD TOWN CENTRE FULLY SERVICED & READY TO BUILD 2.93 Acres - Lots 1 & 2 1.31 Acres - Lot 1 1.62 Acres - Lot 2 0.90 Acres - Lot 3 2.67 Acres - Lot 4

$ 3,399,000 $ 1,699,000 $ 1,699,000 $ 1,000,000 $ 3,250,000

6.5 Acres â&#x20AC;&#x201C; Asking: $6,500,000,00 + HST MLSÂŽ (Plus DLC â&#x20AC;&#x201C; Latecomer Charges)

OPERATING SALON & SPA NKâ&#x20AC;&#x2122;MIP RESORT, Osoyoos, B.C. Solstice Spa located in the award-winning, four-season NKâ&#x20AC;&#x2122;MIP Resort. Turn-key package with an already proven location.

BY D 00 E . C 0 U ,00 D RE ,000 $1

Asking: $186,000 plus HST MLSÂŽ

Your First & Last Call!

$4,766,800 $1,161,000 $ 849,000 $ 682,500 $ 673,500

This assembly comprises 5 lots that can be purchased individually or as a complete package.

Lease Space on McCurdy Road. Air conditioning, gas Âżre, forced air, electric, 200 amp., 3-phase power all available. Open parking.

Full Building: $2,000,000 plus HST Commercial Only: $1,200,000 plus HST

Actual revenue of $1M+ for 2011. Projected revenue of of $1.15M+ for 2012. Turn-key opportunity with a stunning newly renovated layout with multiple salon chairs, spa treatment rooms, manicure and pedicure options! +as the ability to host wedding parties, groups, couples and all-day packages.

70.80 Acres - Lot D 15.48 Acres - Lot 1 11.32 Acres - Lot 9 9.10 Acres - Lot 10 8.98 Acres - Lot 8

NEW TILT UP INDUSTRIAL BUILDING 1,569 - 7,295 SQUARE FEET INCENTIVES AVAILABLE!!!

+/- 6,581 SF - 6 STRATA UNITS

HIGH-END OPERATING SALON & SPA OPPORTUNITY IN THE OKANAGAN

Minutes from Kelownaâ&#x20AC;&#x2122;s International Airport. One side abuts golf course in Quail Ridge. Gravel Pit is a permitted use!

Asking: $8,132,800.00 MLSÂŽ

RARE, NEW FEE SIMPLE MIXED BUILDING

Newly constructed corner fee simple mixed use building is completed. 3 residential and 3 commercial strata units. Superior construction! Commercial bays are available for viewing at any time.

APPROXIMATELY 115.68 ACRES LAND ASSEMBLY IN NORTH GLENMORE/ UNIVERSITY DISTRICT

Asking: $12.50 psf plus CAM MLSÂŽ

LEASE OFFERINGS - Kelowna

- Kelowna - West Kelowna - Vernon - Lake Country - Kelowna

INDUSTRIAL ,2 - 20,000 S) 1,569 - 7,295 SF

OfÂżce:arehouse New Tilt-Up

RETAIL/OFFICE 1,000 - 5,000 SF 1,990 SF 1,100 - 3,300 SF 950 SF 2,500 - ,000 SF

Pandosy AreaLower Mission Downtown Kelowna Main Floor Shell Units South Vernon+ighway 6 RetailPads Sites

SERVICE COMMERCIAL 3,176 SF 9 SF

Asking: $445,000.00 + HST Exclusive

Ken McLaughlin, B.Comm. - 250.870.7845

CommercialIndustrial Mix OfÂżce

NORTH GLENMORE COMMERCIAL DEVELOPMENT OPPORTUNITY Approx. 3.32 acres with C9 zoning. Currently being operated as a mobile home and RV park. Site currently also has two residences. Neighbouring proposed Glenmore Rd. to UBCO bypass. Asking: $3,300,000.00 Exclusive

Kris McLaughlin - 250.870.2165


B4 Interior British Columbia

www.westerninvestor.com JULY 2012WESTERN INVESTOR

KAMLOOPS, BC FOR SALE

GREAT OPPORTUNITY FOR MIXED-USE DEVELOPMENT

635 Victoria Street UÊ ÝVii˜Ìʈ˜ÛiÃ̓i˜Ìʜ««œÀÌ՘ˆÌÞʈ˜ÊVi˜ÌÀ>ÊLÕȘiÃÃÊ `ˆÃÌÀˆVÌʜvÊ`œÜ˜ÌœÜ˜Ê>“œœ«Ã UÊ Õˆ`ˆ˜}ʈÃʈ˜ÊiÝVii˜ÌÊVœ˜`ˆÌˆœ˜ UÊ ««ÀœÝˆ“>ÌiÞʙnääÊõ°vÌ°]ÊÀi˜ÌÃÊLiœÜʓ>ÀŽiÌ UÊ ˜˜Õ>Êˆ˜Vœ“iÊfÈä]äääʘiÌÊ­>««ÀœÝ°® $799,000

429 Tranquille Road

In Midway, B.C., minutes from the US border.

UÊ Ài>Ìʈ˜ÛiÃ̓i˜Ìʜ««œÀÌ՘ˆÌÞʏœV>Ìi`Ê>ÊviÜʓˆ˜ÕÌiÃÊ vÀœ“Ê`œÜ˜ÌœÜ˜Ê>“œœ«Ã UÊ /œ«ÊyœœÀʈÃÊÛ>V>˜Ì]ÊÓÈääÊõ°vÌ°Ê­>««ÀœÝ°® UÊ -“>ÊœvwViÊ՘ˆÌÊ>˜`ÊÃ̜À>}iʜ˜ÊLœÌ̜“ʏiÛi UÊ ÕÀÀi˜ÌʘiÌʈ˜Vœ“iʜvÊfÎx]äääÊ $799,000

This property is located on the Kettle River with over a kilometer of riverfront in a beautiful east to west running valley. 45+/- acres comes with a modern 6,000 square foot office building.

Baskin Robbins

Make offer

UÊ /…iÊ7", ½-Ê, -/ÊV…>ˆ˜ÊœvʈViÊVÀi>“ÊëiVˆ>ÌÞÊŜ«ÃtÊ UÊ /ÕÀ˜ŽiÞ]Ê ÃÌ>LˆÃ…i`Ê"««œÀÌ՘ˆÌÞÊvœÀÊViÊ Ài>“ÊÀ>˜V…ˆÃi UÊ ˆ}…Ê/À>vwVʏœV>̈œ˜ÊLiÈ`iʘiÜʈLÀ>ÀÞ]Êœˆ`>Þʘ˜ÊEÊ -ՈÌiÃ]Ê>˜`Ê£x£Ê,iÈ`i˜Ìˆ>Ê œ˜`œÃ UÊ ÕÀÀi˜ÌÊ"ܘiÀÃÊ܈ˆ˜}Ê̜ÊÌÀ>ˆ˜ÊEÊ>ÃÈÃÌÊ܈̅ÊÃÌ>ÀÌ‡Õ«Ê $199,900

Contact Quintin @ 406-375-4280

Mona M. Murray Dip. ULE, RI (BC), CPM

or email Quintin@foxlumber.com

250-372-2277 mona@mcmrealestate.ca

www.mcmrealestate.ca Acreages

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OKANAGAN OPPORTUNITIES Court Ordered Sales

Investment Properties

UÊÊǙÇ{Ê -ˆÛiÀÊ -Ì>ÀÊ ,œ>`]Ê 6iÀ˜œ˜Ê ‡Ê {äÊ >VÀiÃÊ ÜˆÌ…Ê UÊÊÇÊ œÌÊ ÀiÈ`i˜Ìˆ>Ê ÃÕL`ˆÛˆÃˆœ˜Ê ­,ÓÊ ‡Ê Õ«iÝÊ UÊÊÈÇänÊ i˜˜iÀÊ -ÌÀiiÌ]Ê -Փ“iÀ>˜`Ê ‡Ê xÈÊ >VÀiÃÊ >««ÀœÛ>Ê vœÀÊ ÃÕL`ˆÛˆÃˆœ˜Ê ˆ˜ÌœÊ ÇÊ iÃÌ>ÌiÊ œÌÃÊ ÜˆÌ…Ê âœ˜ˆ˜}®Êˆ˜Ê7iÃÌÊiœÜ˜>Ê܈̅ʏ>ŽiÊۈiÜÃʘi>ÀÊ œvÊ ÃœÕÌ…Ê v>Vˆ˜}Ê Ãœ«iÊ œvviÀˆ˜}Ê «>˜œÀ>“ˆVÊ "Ž>˜>}>˜Ê >ŽiÊ >˜`Ê Û>iÞÊ ÛˆiÜÃ°Ê *iÀviVÌÊ vœÀÊ >Ê «>˜œÀ>“ˆVʏ>Ži]ÊVˆÌÞÊ>˜`ÊÛ>iÞÊۈiÜà ˆÃȜ˜ÊˆÊ7ˆ˜iÀÞ «ÀˆÛ>ÌiÊiÃÌ>ÌiÊ܈̅ʫœÌi˜Ìˆ>Êۈ˜iÞ>À`Ê>Ài>à UÊÊ£Ç{äÊ "Ê ,œ>`]Ê iœÜ˜>°Ê Ê ‡Ê ™°ÓÊ >VÀiÊ Û>V>˜ÌÊ UÊÊÊ{ÓÊ 1˜ˆÌÊ «>À̓i˜ÌÊ Õˆ`ˆ˜}]Ê *i˜ÌˆV̜˜]Ê Ó£Ê ‡Ê «>ÀViÊ Vi˜ÌÀ>ÞÊ œV>Ìi`Ê ˆ˜Ê ̅iÊ ˆÃȜ˜Ê >Ài>Ê œvÊ ÓÊ `À“]Ê £xÊ ‡Ê £Ê `À“Ê EÊ ÈÊ >V…iœÀÃ°Ê ,iVi˜ÌÊ UÊÊxÓÓxʈ}…Ü>ÞʙÇÊ ]ÊiœÜ˜>ʇÊÎÊ>VÀiÃÊ܈̅Ê{È™Ê iœÜ˜>Ê܈̅ʜÛiÀÊÇääÊviiÌʜvÊÀœ>`ÊvÀœ˜Ì>}iʜ˜Ê Õ«}À>`iÃ]Ê ÃÌ>LiÊ V>Ã…Ê yœÜÊ ÜˆÌ…Ê ��«Ãˆ`iÊ vœÀÊ viiÌÊ œvÊ vÀœ˜Ì>}i]Ê ˜œ˜‡,Ê >˜`Ê ˜i>ÀÊ iœÜ˜>Ê ˜ÌiÀ˜>̈œ˜>ÊˆÀ«œÀÌÊ>˜`Ê1 " Õ«}À>`i`Ê {Ê >˜iÊ Àœ>`Ê VÕÀÀi˜ÌÞÊ ˆ˜Ê ̅iÊ ,Ê >˜`Ê ÀiÛi˜ÕiÊ}ÀœÜ̅° v>À“i` UÊʈ}…Ìʘ`ÕÃÌÀˆ>Ê-ÌÀ>Ì>Ê1˜ˆÌʈ˜Ê7iÃÌÊiœÜ˜>Ê‡Ê UÊÊx™{{]Êx™{nÊEÊx™Ènʈ}…Ü>ÞʙÇÊ-]Ê*i>V…>˜`Ê‡Ê “Representing Buyers looking for £]Ι™ÊÃv]ÊÓäÊvÌÊViˆˆ˜}]Ê£ÓÊÝÊ£{ÊȘ}iʜɅÊ`œœÀ]Ê Î°äÇÊ>VÀiÃʜvÊ«Àˆ“iʅˆ}…Ü>ÞÊ`iÛiœ«“i˜Ìʏ>˜`Ê Apartment, Manufactured Home Park >VÀœÃÃÊvÀœ“Ê"Ž>˜>}>˜Ê>Ži Vi˜ÌÀ>ÊœV>̈œ˜ and Mini-Warehouse Properties”

Tim Down AACI, P. App, CAE, RI(BC) "Professionalism You Can Trust"

CALL NOW 1-800-661-6988

Cell: 250-864-9140 Toll: 1-888-535-6962 tim@timdown.ca www.timdown.ca

www.westerninvestor.com

Coldwell Banker Horizon Realty

COLDWELL BANKER COMMERCIAL WORLDWIDE CENTRAL LOCATION 2400 SQ FT RETAIL/OFFICE BUILDING

$200,000

INTERNATIONAL SCHOOL 52,000 SQ FT ON 7 ACRES $1,490,000

CENTRAL SCHOOL $1,950,000 3 LUXURY CONDOS ON TOP FLOOR CALL ROB BURRUS 250-231-4420

LIGHT INDUSTRIAL BLDG $425,000

MIDWAY STORAGE $1,290,000

4 LARGE LOADING DOORS. OFFICES & MEZZANINE.

NICELY LOCATED EXCELLENT SHAPE. 100% FULL. GREAT SELECTION OF TENANTS.

FURNITURE AND APPLIANCE BUSINESS INCLUDING 35,000 SQ FT BUILDING, PRIME LOCATION, OWNERS WANT TO RETIRE $1,995,000 DRY CLEANER BUSINESS $89,000 BUILDING $169,000

17,000+ SQ FT 13 ELECTRICAL SERVICES, MULTIPLE PURPOSE BUILDING

$699,000 ,

QUALITY INN 48 ROOMS RESTAURANT $2,190,000 NICELY LOCATED AT THE CROSSROADS OF THE KOOTENAYS. GOOD VOLUME.

HOTEL, LIQUOR STORE, RESTAURANT $499,000 LE

RDER SA

COURT O

DEV. PROPERTY $529,000 600 FT OF HWY FRONTAGE FOR AUTO DEALER & BODY SHOP.

MILANOS PIZZA $169,000 THIS TAKEOUT IS ESTIMATING "400,000" IN 2012.

CALL ROB BURRUS 250-231-4420 1ST TRAIL REAL ESTATE LTD.

(250) 231-5222 (CELL)

www.cbcworldwide.com

(250) 368-5508 (FAX)


Interior British Columbia B5

WESTERN INVESTOR JULY 2012 www.westerninvestor.com

KAMLOOPS, BC & AREA sFuture Mobile Home Park Clearwater, BCn15 acres plus 2.7 acres, highway commercial. $249,000 sMiniMall Barriere, BC â&#x20AC;&#x201C; 5 units plus vacant lot for future expansion 242 ft. hwy frontage $399,900 sCommercial Building, with 4 Bedroom Suite â&#x20AC;&#x201C; Clearwater BCBuilding just under 4000 sq ft. Âź acre lot. Current use is restaurant. $274,900 sKamloops manufacturing company specializing in granite, marble and quartz tops. $595,000 business only

FAMILY RESTAURANT BUSINESS FOR SALE $1,200,000

sKamloops city center building for sale â&#x20AC;&#x201C; approximately 2133 sq.ft. on the main ďŹ&#x201A;oor plus full basement. $550,000

East Kootenay, BC

s14 unit motel â&#x20AC;&#x201C; Clearwater, BC â&#x20AC;&#x201C; Consists of 8 attached units & 6 separate cabins, plus ofďŹ ce with owners suite. On 3.26 acres along river channel. Buildings are in great condition. Monthly rentals plus daily summer rentals. $549,900

One of Southeast BCâ&#x20AC;&#x2122;s Most Successful Family Owned & Operated Dining In & Catering

s Kamloops City Centre â&#x20AC;&#x201C; high volume restaurant - nice premises - land, building & business. $1.7 million Attention Building Contractors â&#x20AC;&#x201C; residential lots available, some approved for suites, some with views. This is an on going development with premium lots yearly Starting at $135,000

Call MARVIN MATT

1-250-319-8784 +!-,//032%!,49,4$

mmatt@shaw.ca

www.realestatekamloops.ca

Will Sell Building as an option 6500 Sq Ft Modern Building For full details contact:

ROSS PRIEST (Ownersâ&#x20AC;&#x2122; Consultant)

(250) 417-7479 priestross@shaw.ca

OKANAGAN â&#x20AC;&#x201C; B.C. INTERIOR I N V E S T M E N T

SALMON ARM, B.C. Reduced to $459,000 14 apartment condominiums to be built to complete the 38-unit Valley Vista on a two-acre sloping property. Excellent view of Shuswap Lake from one side, forest on the other. Onebedroom, 600 sq. ft., two four-plexes and a six-plex. Some suites are level entry. Can be rented. Quiet pets welcome. Modulars built by SRI Homes in Kelowna. Foundations are ready and waiting for the two four-plexes. All services and driveways are in.

SALLY SCALES sallys1@telus.net or 250-833-2129

D EVELOPMENT LAND FOR SALE

â&#x20AC;˘40 acres in the Town of Olds, some site work completed on 1st phase of 40 lots remainder potential for MF .......$3.5 M â&#x20AC;˘17.6 acres w/ 26 rev. homes,1 title prelim apprv for 42 lots + 6 ac SF/MF .................................................. $4.0 M â&#x20AC;˘11 acres SF/MF dev. site .......$600,000 â&#x20AC;˘116.2 acre hwy 2 Athabasca $1,150,000 *Terms considered on above properties*

Call

ANGELA

BRANDENBURG (780)-439-9818 / 780-266-3888

www.Edmonton-Homes-Land.com

SIGNIFICANT OPPORTUNITY IN MERRITT Wagon West Travel Centre *15,800 sq/ft building *4.522 acres *Gas bar, 24 hr convenience store, Greyhound bus deposit, restaurant $3,580,000

David Peressini Email: dperessini@shaw.ca 250-374-1461 or 250-371-3022

Westwin Realty

MULTI â&#x20AC;&#x201C; FAMILY in 100 MILE

O P P O R T U N I T I E S

VERNON SELF STORAGE BUSINESS OPPORTUNITY YOUR CHOICE OF TWO PURCHASE OPTIONS Option 1 Business Only Lease Land & Buildings 9.5% Rate of Return Asking Price $1,899,000 Option 2 Business plus Land & Buildings. 7.7% Rate of Return Asking Price $4,199,000 UĂ&#x160;Ă&#x201C;°Ă&#x2021;ÂŁĂ&#x160;VĂ&#x20AC;iĂ&#x192;Ă&#x160;UĂ&#x160;,Â&#x153;Â&#x153;Â&#x201C;Ă&#x160;vÂ&#x153;Ă&#x20AC;Ă&#x160; Ă?ÂŤ>Â&#x2DC;Ă&#x192;Â&#x2C6;Â&#x153;Â&#x2DC; UĂ&#x160;Ă&#x201C;Ă&#x2C6;Ă&#x201C;Ă&#x160;1Â&#x2DC;Â&#x2C6;Ă&#x152;Ă&#x192;Ă&#x160;ÂŤÂ?Ă&#x2022;Ă&#x192;Ă&#x160;nÂŁĂ&#x160;-Ă&#x152;Â&#x153;Ă&#x20AC;>}iĂ&#x160; Â&#x153;Â&#x2DC;Ă&#x152;>Â&#x2C6;Â&#x2DC;iĂ&#x20AC;Ă&#x192; UĂ&#x160; Â&#x153;Â&#x2DC;VĂ&#x20AC;iĂ&#x152;iĂ&#x160;LÂ?Â&#x153;VÂ&#x17D;Ă&#x160;VÂ&#x153;Â&#x2DC;Ă&#x192;Ă&#x152;Ă&#x20AC;Ă&#x2022;VĂ&#x152;Â&#x2C6;Â&#x153;Â&#x2DC; UĂ&#x160; ° °Ă&#x160;/Â&#x153;ÂŤĂ&#x160;£äĂ&#x160;1Â&#x2021;>Ă&#x2022;Â?Ă&#x160;Â?Â&#x153;V>Ă&#x152;Â&#x2C6;Â&#x153;Â&#x2DC;

UĂ&#x160;Â&#x2C6;}Â&#x2026;Ă&#x160; Ă?ÂŤÂ&#x153;Ă&#x192;Ă&#x2022;Ă&#x20AC;iĂ&#x160;Â&#x153;V>Ă&#x152;Â&#x2C6;Â&#x153;Â&#x2DC; UĂ&#x160;Ă&#x160;>Â&#x2DC;>}iĂ&#x20AC;½Ă&#x192;Ă&#x160;,iĂ&#x192;Â&#x2C6;`iÂ&#x2DC;Vi UĂ&#x160;Ă&#x20AC;Â&#x153;Ă&#x192;Ă&#x192;Ă&#x160;f{Â&#x2122;x]äääĂ&#x160;ÂłĂ&#x2030;Â&#x2021; UĂ&#x160; Ă?ViÂ?Â?Â?iÂ&#x2DC;Ă&#x152;Ă&#x160; iĂ&#x152;Ă&#x160;Â&#x2DC;VÂ&#x153;Â&#x201C;i

CHRISTINA LAKE CAMPGROUND FIRST TIME ON THE MARKET IN OVER 20 YEARS !

NEW LISTING MOBILE HOME PARK WEST KOOTENAYS U 20 Sites UĂ&#x160;/Â&#x153;Ă&#x153;Â&#x2DC;Ă&#x160;Ă&#x192;iĂ&#x153;iĂ&#x20AC;Ă&#x160;EĂ&#x160;Ă&#x153;>Ă&#x152;iĂ&#x20AC; UĂ&#x160;6iĂ&#x20AC;Ă&#x17E;Ă&#x160;Ă&#x153;iÂ?Â?Ă&#x160;Â&#x201C;>Â&#x2C6;Â&#x2DC;Ă&#x152;>Â&#x2C6;Â&#x2DC;i` UĂ&#x160; Â?Â&#x153;Ă&#x192;iĂ&#x160;Ă&#x152;Â&#x153;Ă&#x160;>Â?Â?Ă&#x160;>Â&#x201C;iÂ&#x2DC;Â&#x2C6;Ă&#x152;Â&#x2C6;iĂ&#x192;

UĂ&#x160;Ă&#x2021;xĂ&#x160;-Â&#x2C6;Ă&#x152;iĂ&#x192;Ă&#x160;Ă&#x153;Â&#x2C6;Ă&#x152;Â&#x2026;Ă&#x160;Ă&#x2022;Â?Â?Ă&#x160;EĂ&#x160;*>Ă&#x20AC;Ă&#x152;Â&#x2C6;>Â?Ă&#x160;-iĂ&#x20AC;Ă&#x203A;Â&#x2C6;ViĂ&#x192; UĂ&#x160;{°Â&#x2122;ÂŁĂ&#x160;VĂ&#x20AC;iĂ&#x160; Â&#x2C6;ViÂ?Ă&#x17E;Ă&#x160;/Ă&#x20AC;ii`Ă&#x160;*Ă&#x20AC;Â&#x153;ÂŤiĂ&#x20AC;Ă&#x152;Ă&#x17E; UĂ&#x160; Â?Â&#x153;Ă&#x192;iĂ&#x160;Ă&#x152;Â&#x153;Ă&#x160;Â?>Ă&#x20AC;}iĂ&#x160;ÂŤĂ&#x2022;LÂ?Â&#x2C6;VĂ&#x160;Li>VÂ&#x2026; UĂ&#x160; >Ă&#x192;Ă&#x17E;Ă&#x160;>VViĂ&#x192;Ă&#x192;Ă&#x160;Â&#x153;vvĂ&#x160;Â&#x2C6;}Â&#x2026;Ă&#x153;>Ă&#x17E;Ă&#x160;Ă&#x17D; UĂ&#x160;Ă&#x2022;Â?Â?Ă&#x160;v>VÂ&#x2C6;Â?Â&#x2C6;Ă&#x152;Â&#x2C6;iĂ&#x192;Ă&#x160;Â&#x2C6;Â&#x2DC;VÂ?Ă&#x2022;`Â&#x2C6;Â&#x2DC;}Ă&#x160;ÂŤÂ&#x153;Â&#x153;Â? UĂ&#x160; Ă?ViÂŤĂ&#x152;Â&#x2C6;Â&#x153;Â&#x2DC;>Â?Â?Ă&#x17E;Ă&#x160;Ă&#x153;iÂ?Â?Ă&#x160;Â&#x201C;>Â&#x2C6;Â&#x2DC;Ă&#x152;>Â&#x2C6;Â&#x2DC;i` UĂ&#x160;"ÂŤiĂ&#x20AC;>Ă&#x152;iĂ&#x192;Ă&#x160;>Ă&#x17E;Ă&#x160;ÂŁĂ&#x160;Ă&#x152;Â&#x153;Ă&#x160;-iÂŤĂ&#x152;iÂ&#x201C;LiĂ&#x20AC;Ă&#x160;ÂŁx UĂ&#x160;Ă&#x160;*iĂ&#x20AC;viVĂ&#x152;Ă&#x160;vÂ&#x153;Ă&#x20AC;Ă&#x160;Ă&#x192;iÂ&#x201C;Â&#x2C6;Ă&#x160;Ă&#x20AC;iĂ&#x152;Â&#x2C6;Ă&#x20AC;i`Ă&#x160;VÂ&#x153;Ă&#x2022;ÂŤÂ?i Asking Price $699,000

DEVELOPMENT SITE GRAND FORKS UĂ&#x160;Ă&#x201C;°äĂ&#x160;VĂ&#x20AC;iĂ&#x160;iĂ&#x203A;iÂ?Ă&#x160;-Â&#x2C6;Ă&#x152;iĂ&#x160; UĂ&#x160;<Â&#x153;Â&#x2DC;i`Ă&#x160;vÂ&#x153;Ă&#x20AC;Ă&#x160;Ă&#x192;Â&#x2C6;Â&#x2DC;}Â?iĂ&#x160;v>Â&#x201C;Â&#x2C6;Â?Ă&#x17E;Ă&#x160;Â&#x153;Ă&#x20AC;Ă&#x160;`Ă&#x2022;ÂŤÂ?iĂ?Ă&#x160;Â?Â&#x153;Ă&#x152;Ă&#x192;Ă&#x160; UĂ&#x160;Ă&#x160; Â&#x2C6;Ă&#x203A;Â&#x2C6;Â?Ă&#x160;iÂ&#x2DC;}Â&#x2C6;Â&#x2DC;iiĂ&#x20AC;Â&#x2C6;Â&#x2DC;}Ă&#x160;`Â&#x153;Â&#x2DC;iĂ&#x160;vÂ&#x153;Ă&#x20AC;Ă&#x160;Â&#x2122;Ă&#x160;Â?Â&#x153;Ă&#x152;Ă&#x160;Ă&#x192;Â&#x2C6;Â&#x2DC;}Â?iĂ&#x160; v>Â&#x201C;Â&#x2C6;Â?Ă&#x17E;Ă&#x160;Ă&#x192;Ă&#x2022;L`Â&#x2C6;Ă&#x203A;Â&#x2C6;Ă&#x192;Â&#x2C6;Â&#x153;Â&#x2DC; Asking Price

$299,000

Call for Price

Town Homes with Storageâ&#x20AC;Śfor all your Toys! Lakeshore Drive, Osoyoos - Only 5 Homes Left UĂ&#x160;9Â&#x153;Ă&#x2022;Ă&#x20AC;Ă&#x160;Â&#x153;Ă&#x153;Â&#x2DC;Ă&#x160;iÂ&#x2DC;VÂ?Â&#x153;Ă&#x192;i`]Ă&#x160;Â&#x2026;Â&#x2C6;Ă&#x160;ViÂ&#x2C6;Â?Â&#x2C6;Â&#x2DC;}Ă&#x160;Ă&#x192;Ă&#x152;Â&#x153;Ă&#x20AC;>}iĂ&#x160;L>Ă&#x17E;Ă&#x160;Â?>Ă&#x20AC;}iĂ&#x160;iÂ&#x2DC;Â&#x153;Ă&#x2022;}Â&#x2026;Ă&#x160;vÂ&#x153;Ă&#x20AC;Ă&#x160;>Ă&#x160;{xĂ&#x160;vĂ&#x152;°Ă&#x160;Â&#x153;Ă&#x152;Â&#x153;Ă&#x20AC;Â&#x2026;Â&#x153;Â&#x201C;i UĂ&#x160;Ă&#x2022;Ă?Ă&#x2022;Ă&#x20AC;Â&#x2C6;Â&#x153;Ă&#x2022;Ă&#x192;Â?Ă&#x17E;Ă&#x160;>ÂŤÂŤÂ&#x153;Â&#x2C6;Â&#x2DC;Ă&#x152;i`Ă&#x160;ÂŁĂ&#x160;Li`Ă&#x20AC;Â&#x153;Â&#x153;Â&#x201C;Ă&#x160;Ă&#x152;Â&#x153;Ă&#x153;Â&#x2DC;Â&#x2026;Â&#x153;Â&#x201C;iĂ&#x160;UĂ&#x160;Â&#x201C;Â&#x201C;i`Â&#x2C6;>Ă&#x152;iĂ&#x160;Â&#x153;VVĂ&#x2022;ÂŤ>Â&#x2DC;VĂ&#x17E; UĂ&#x160;"vviĂ&#x20AC;i`Ă&#x160;>Ă&#x152;Ă&#x160;fĂ&#x201C;Â&#x2122;Â&#x2122;]äää°]Ă&#x160;Â&#x2DC;iĂ&#x152;Ă&#x160;-/Ă&#x160;Â&#x2DC;VÂ?Ă&#x2022;`i`Ă&#x160;UĂ&#x160;Â&#x153;Ă&#x20AC;Ă&#x160;Â&#x201C;Â&#x153;Ă&#x20AC;iĂ&#x160;Â&#x2C6;Â&#x2DC;vÂ&#x153;Ă&#x160;Ă&#x203A;Â&#x2C6;Ă&#x192;Â&#x2C6;Ă&#x152;Ă&#x160;Ă&#x153;Ă&#x153;Ă&#x153;°V>VĂ&#x152;Ă&#x2022;Ă&#x192;yĂ&#x160;>Ă&#x152;Ă&#x192;°V>

VADIM KOBASEW CO M M E RC I A L R E A L ES TAT E S P E C I A L I S T

250-492-2233 / 1-800-567-6770 RE/MAX FRONT STREET REALTY, PENTICTON, B.C.

Well maintained 23 suite mix of 1 and 2 bdrm units. In a desirable single family and duplex neighborhood. Well managed strong rental building. 7.86 cap at: $1,450,000

Dave Hickey (877) 395-6196 davehickey@telus.net

Exciting super strong rental complex consisting of singles, duplex, triplex etc. 34 units on 11 acres, with space and zoning in place for 150 total units. Act fast. 7.92 cap at: $1,995,000 RLP 100 Mile Rlty (250) 395-3424


B6 Interior B.C./Business Opportunities DEVELOPMENTAL LAND AND

GOLF COURSE FOR SALE IN THE BEAUTIFUL BC INTERIOR

D

UCE

D E RE PRIC

162 Acres 9-Hole Golf Course s Club House s Residence s Trades Considered s s

Dwight Vos 250.371.7992

www.westerninvestor.com JULY 2012WESTERN INVESTOR

BUSINESS AND INVESTMENT OPPORTUNITIES

ROCKY MOUNTAIN CHOCOLATE FACTORY s.ATIONAL&RANCHISE s/WNANEXCITING THRIVING BUSINESSINBEAUTIFUL $OWNTOWN&ERNIE "# s,IVETHE&ERNIELIFESTYLE 3KIING (IKING -OUNTAIN "IKING&ISHING sYEARS PROVEN SUCCESSFUL TURNKEY lNANCINGOPTIONSAVAILABLE $324,900

UÊÊ£ÎäÊ VÀiÃÊ ˜`ÕÃÌÀˆ>Ê *Àœ«iÀÌÞÊ – Hwy & Rail Access f™™x]äää UÊÊ œ““iÀVˆ>Ê œÌÊ >V…iÊ ÀiiŽÊ – 306 ft. Hwy frontage f£Ç™]äää UÊ ˆVi˜Ãi`Ê >ÀiÊ >VˆˆÌÞÊ qÊ >“œœ«ÃÊ – 9 bedrooms, 7 bathrooms on spacious lot. Built in 2008. Has all amenities needed. ReducedÊfx{™]™ää COMMERCIAL BUILDINGS UÊ>“œœ«Ã – 6100 sf bldg. Large yard f™™x]äää UÊ>“œœ«Ã – 2 Tenants – 8.5% Cap

f{xä]äää

UÊ>“œœ«Ã – Future Highrise expansion

f£°{ʈˆœ˜

UÊ >V…iÊ ÀiiŽ – Hwy Frontage – Secure Yard

fÎș]äää

DWIGHT VOS

Tracy Mackenzie 250.318.2938

BEST-WEST REALTY LTD. 250.554.4511

phone: (250) 554-4511 toll free: 1-866-456-0577 BEST-WEST REALTY LTD. KAMLOOPS email: dvos@kadrea.com

www.marilynbrock.com   sToll Free (877) 423-8650

Offi ce(250) 423-4113

$588,000

NELSON, BC KOOTENAY LAKE WATERFRONT RESIDENCE

at LivingInPenticton.com

Ultimate privacy: 600 ft frontage w/ beach, wharf & boat moorage. Newer rancher w/ 2 bdrms, den, vaulted ceilings, plentiful windows, & huge sundeck! MLS# K211046 $549,000

The Old Fire Hall Wine Bar and ALL of its contents are included in this amazing package. Indoor seating for approx. 90. Price $466,000

LOCATIONS WEST

Thea Stayanovich 250-231-1661

BRING YOUR TOOLS & TOYS! Outdoorsman's Dream. Custom 3700 sq ft home, extensive hardwood floors and a truly special design. 2900 sq ft completed shop is the bonus. MLS# K212770 $675,000

Mario Berno 250-368-1027

RE/MAX All Pro Realty Office: 250-368-5000

www.greatertrailrealestate.com

Dreams Do Come True!!

Ever dreamed of owning the most charming Bed and Breakfast in the exquisite little City of Rossland, BC. Situated minutes from Red Mountain, golfi ng, biking, hiking etc..... This turn of the century home has been carefully upgraded and maintained. Extensively renovated, enabling guests to enjoy all the OLD WORLD CHARM, along with the comforts of today. Excellent family opportunity as there is lots of room for a family along with guests, maintaining the privacy for each with 7 bedrooms, 6 bathrooms, library, formal and informal dining rooms, and amazing "gourmet" kitchen.

GLEN DAROUGH

$559,000.

MARY MARTIN 250-231-0264 smary.martin@century21.ca

3000sqft main floor commercial space and two partially finished residential suites upstairs waiting for someone to finish the renovations. MLS K4100066

$2,935,000

KOKANEE PARK STORE & MARINE

500 ft of Waterfront!; Land, Buildings, & Business adjacent to Provincial Park. Convenience store w/ liquor, fuel & lottery, marina, shop, residence on over 2.6 acres. MLS# K4000367 $2,400,000

Offered at an incredible price of

Commercial building in the heart of downtown Fernie, BC

RE/MAX RHC REALTY

gdarough@rhrealty.com swww.glendarough.com   sToll-free: 1-855-352-7252 Each office is independently owned and operated

Elkford Motor Inn Full Service 22 room hotel with bar, restaurant, liquor store, conference room, banquet room and plenty of extra land for future development. MLS# K4100143

ABE MARTENS 250-423-1520 LORALEE THOMAS 403-807-3086 RE/MAX ELK VALLEY RE/MAX ELK VALLEY

loralee.thomas@remax.net www.LoraleeThomas.com

Marketing commercial real estate in Western Canada. In Print. On Line. AUGUST ISSUE: AD DEADLINE JULY 16 Report: Prairie Horizons Green construction Angel investors Franchise News Recreational Properties

Every Month!

Online! New stories every week

Regional Roundups: BC: Prince George AB: Edmonton MB: Gimli SK: Spotlight: La Ronge

Advertise. Subscribe. Make More Deals. 1-800-661-6988 In Print. On Line.

www.westerninvestor.com


B7

WESTERN INVESTOR JULY 2012 www.westerninvestor.com

FEATURE Manufactured-home parks now alluring to big-time investors in a “world looking for yield”

.POFZNFOCFDPNFUSBJMFSQBSLCPZT FRANK O’BRIEN WESTERN INVESTOR hen the Toronto-based acquisition team at Canadian Apartment Properties Real Estate Investment Trust – one of Canada’s biggest landlords with 31,000 rental units – went looking for a real estate investment beyond apartment buildings, they ignored shopping malls, office space or industrial buildings.

Instead it bought big into small manufacturedhome parks in B.C., Alberta, Saskatchewan and Ontario. In June CAPREIT announced it had bought a portfolio of 12 manufactured-home parks from Killam Properties Inc. for $72.3 million. This works out to $35,000 for each of the 2,032 pads it purchased. As part of the transactions, CAPREIT also sold Killam a 199-suite Toronto apartment building for $33.5 million – or $168,341 per door. It isn’t that the mobile-home parks offered fancy property: the sites include the 136-pad Lynwood Place in Slave Lake, Alberta, and 130-unit Poplar park in Gibsons, B.C, neither of which could be described as upscale housing. But it is the potential of cash flow, not esthetics, that attracted CAPREIT’s acquisition squad, which has been quietly buying up mobile-home parks across the country since 1997 (they now make up more than 10 per cent of the REIT’s portfolio). According to CAPREIT, the typical vacancy rate at the dozen parks it recently purchased is less than 1.5 per cent. Mobile-home parks provide “secure and stable long-term cash flows, high occupancies, steady increases in average monthly rents and significantly lower capital and maintenance costs [when compared with apartment buildings],” explained Thomas Shwartz, CAPREIT

Photo: Harry Jessee/www.mobileparks.com

8

High cap rates are turning investors into trailer park boys: this 102-pad mobile-home park in the Kootenays is for sale for $5.9 million. It generates $285,000 a year, net, says realtor Harry Jesse of www.mobileparks.com. Some parks have even higher cap rates.

president and CEO. Unlike tenants in rental apartments, residents in manufactured-home parks own their own home and lease the lot it sits on for a monthly rental charge, usually around $300 to $450 per month. Homeowners are responsible for all of the utility costs, Well-situated urban mobile-home parks can also offer potential equity upside, since the land can be redeveloped for commercial or residential development. That appears to be the case in Abbotsford this year, where a local developer evicted 100 tenants in order to redevelop the 12-acre property, likely into new homes. These mobile-park residents were offered an average of $11,000 in compensation, though under B.C. tenancy legislation the park owner is only required to pay one year of rent, or an average of around $5,500.

$BQSBUFT

Vancouver-based Walter Schultz, manager of business development with TD Commercial, is not surprised that institutional investors have wheeled into mobile-home parks. Schultz, who has specialized in the manufactured-home park industry for 12 years, said the parks offer a

much better deal for investors than apartment buildings – or just about any other investment. Typical returns in urban areas are in the 6 per cent range, but parks in remote areas can post capitalization rates of 8 to 10 per cent. “The world is looking for yield,” said Schultz, who explained that a Canadian government bond is paying around 1.6 per cent. A Metro Vancouver rental apartment building – where average per-suite prices can easily top $200,000 – has a cap rate in the 2 per cent to 2.5 per cent range. Schultz said he now discourages novice investors from buying Vancouver-area apartment buildings because the returns are too low and prices too high. “There are no more deals in the rental-apartment market,” he said, explaining that smaller investors are left with what REITs and other big players have already picked over. Mobile-home parks, on the other hand, offer distinct advantages, which is why Schultz said a lot of first-time investors are buying them. Unlike an apartment building, the infrastructure for a park is minimal since the tenants provide the unit. The mobile-park owner basically has to cut the grass, make sure there is power

and water and keep the septic working, rather than worry about replacing roofs or HVAC sys tems or repairing leaky buildings. Schultz’ advice for B.C. mobile-home park investors is to look at parks in mid-size markets with a high seniors population and fairly high housing costs. Good examples in B.C. would include Nanaimo and Chilliwack. In Alberta, parks close to Red Deer or Calgary could also be a good play.

*OWFTUPSUJQT

Buyers should also study the property expenses over the past two to three years; look at the occupancy levels; check the municipal services and access to amenities such as hospitals and schools; and study the competition for tenants in the area. If house prices and rents are low, mobilehome parks have less chance of success, Schultz notes. Also, check out the water lines, electrical and gas services, roads and other park structures. The standard management allowance for a park owner is 5 per cent, even where property is self-managed without payment of a management fee. Schultz added that, in high-priced housing markets like the Lower Mainland, Kelowna or Calgary, the clear strategy for investors is to buy a mobile-home park with the intention of eventually selling it for redevelopment. But, notes Abbotsford realtor Harry Jesse, who has specialized in selling mobile-home parks in Western Canada for 20 years, most investors are looking at long-term cash flow. That’s why park owners are often reluctant to sell. Mobile-home park pad rentals are restricted in B.C. by the Tenancy Act; for 2012, the rent increase is restricted to a 4.3 per cent. There are no rent controls in Alberta. Also, many municipalities in B.C. have rules in place to regulate tenant evictions, so check with City Hall before you invest, Jesse said.◆

*OUFSJPS#SJUJTI$PMVNCJB

Penthouse 1020 sq.ft. Vernon, BC

Brand New 2 bdrm - 2 bath Golden, BC – 101 pads, 13 acres ................................................... 5,900,000 North Battleford, SK – 60 pads, 10.9 ac ................................................... 2,700,000 Invermere, BC – 31.48 acres, MHP site .................................................. 1,900,000 McLeese Lake, BC - 69 pads, Hse, 25ac ....................................................... 950,000 Langenburg, SK – 60 pads, 14 acres ....................................................... 927,000

Enjoy outdoor living on your 670 sq.ft. ROOF TOP PATIO! Bring your hot tub! t'+65>9.9A8>9A8 t38?>/=>9,/+-2/= t +::63+8-/= t#3816/1+<+1/E=>9<+1/ t /<0/->69-5+8.6/+@/ t9</8>+6</=><3->398=m -+=2G9A:9=3>3@/

Only $274,900 Ready for Possession

Homelife Glenayre Realty www.mobileparks.com

$2,099,000 • 1.42 Acres - Centrally located by Capri Mall • $65000 existing cash flow from 7 existing dwellings • OCP support RM5 zoning • $800,000+ below assessment MLS 10047589

Great opportunity. High end shop, timberframe guest house, 2 greenhouses, 2,800 sqft started house. AF-1 zoning, pond, all fenced. .......................................................$1,299,900

DAVID MOSSEY 250-862-6283

RICKY (Ulrike) HEDRICH 250-572-0828

dmossey@coldwellbanker.ca Horizon Realty www.davidmossey.com

ricky1@primus.ca www.chaseshuswap.com

MOBILE HOME PARKS THINKING OF BUYING OR SELLING?

Houston, BC – MH & RV Park, 40 ac+/....................................................... 299,000

604-302-3771 or TF: 1-888-251-2822 Fax: 1-888-804-1394 Email: hjesse@mobileparks.com

16,000 SQFT SHOP ON 20 ACRES

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Radium, BC – 9.77 acres, Cml Hwy Frtg ....................................................... 900,000 Houston, BC – 20 pads, 33 RVs 24 acres ....................................................... 895,000

KELOWNA 6 PCE LAND ASSEMBLY

If you are thinking of buying or selling , please give me a call I have many qualified purchasers looking for mobile home parks at this time. Confidentiality observed.

Phone: (250) 307-3737 info@okanaganbrownstones.com www.okanaganbrownstones.com

Bill Summers 604-626-8894 Email: bsummers@telus.net www.sellingmobilehomeparks.com

Direct Line:


B8 Interior/Northern British Columbia

www.westerninvestor.com JULY 2012WESTERN INVESTOR

NORTHEAST BC REALTY Ltd. Phone 250 785 4115

“InvestingOurEnergyInTheNorth” Located at 10220 101 Avenue Fort St John BC V1J 2B5 www.NEBCRealty.com

NEBC

F: 250 785 4120

RON RODGERS - OWNER / MANAGING BROKER Email: ron@northeastbc.com

COMMERCIAL LAND & BUILDING Located along Alaska Highway Frontage Road. High visibility with good access on and off highway. The building is over 6,400sf and has been sectioned off for multi-use tenancy. However it can also accommodate someone in need of a combination office, warehouse, shop and yard. ASKING $1.489 Million - MLS® N4505472 Charlie Lake BC No Drop Ins Please ~ Call Ron for more information or to view Also Available For Lease

©2010—2012

COMMERCIAL HIGHWAY FRONTAGE 8.58ACRES...Ideallocationforacommercialbusinesswanting highwayfrontageexposure,largeyardforindustrialtraffic, additionalcommerciallandforfuturegrowth,andmore! Houseonsitecouldbeusedforanoffice/managerresidence. WrapͲarounddrivewayforeasyaccess. Additionaloutbuildingsforstorage. 1,800sf(60’x30’)shophasradiantheating,200ampelectric, officeandwashroom. ASKING $1.2 Million ~ MLS® N4505478 Charlie Lake BC NO DROP INS - CALL RON TO ARRANGE VIEWING

2 Sections Agricultural Land For Sale within ALR. Revenue from oil & gas lease. Approx 85% cleared on DL2737 and fully fenced. Land is also generating revenue from lease to cattle and framing tenant. Several creeks are located on both sections. Power located at property line along Steiner Road. Close to Prespatou School. Great location for Farming or Recreational Living! Asking $209,000 and $285,000

Prince George Waterfront

MLS® N4505493-94 Prespatou BC

FOR SALE

HOTEL - Prince George B.C. Full service Hotel w/ 120 units, Water Slide, Restaurant , Garden Lounge, Conferences Non Franchise, Offered at $9.5m

Pub Superb Sports e & High Volum Liquor Store

BOOMING NORTHEAST B.C. In

Acquire … scenic waterfront zoned for recreational / residential development not in the ALR - highway access 26 acres, approx 1450’ of lakefront $275,000 55 acres, approx 1650’ of lakefront $480,000

MOTEL - Franchise - Manitoba 79 units with major Highway Exposure Brand new with projected room sales $2m/yr

Offered at $7.3m 113 + 20 seats - 4000 sq.ft. 2 lots + buildings

7.32 ac along the Nechako River $545,000 zoned for subdivision - not in the ALR approx 460’ of riverfront, nicely treed easy access to downtown & UNBC

PETRO-CANADA - Clinton B.C. Self service gas & grocery on busy highway Fiberglass fuel tanks – new pumps Business with one acre

Licenses & chattels

Offered at $1.3m

Asking $6.3 million Gross sales $5.6 million

Riverfront Townhouse site $500,000 1.76 acres - approx 263’ of riverfront zoned RM1 - multiple residential preliminary drawings for 13 townhomes

Contact: John, C Nam Direct: (604) 805-9131 Fax: (604) 931-1209 Email: chungnamjohn@gmail.com Coldwell Banker Westburn Burnaby, BC Canada WESTBURN

Elaine Kienzle 250

960-8769

www.elainekienzle.com

Radium HOT SPRINGS Motel

Business growing by 10 % month over month

FORT. ST. JOHN LOCATION, LOCATION!

IDEAL FOR SMALL BUSINESS! 9610 - Sikanni Road 2,000 sq. ft. bay w/front reception, offi ce & Mezz. Shop consists of radiant heat, 14’ overhead doors, main door & fl oor drain. If you need 4000 sq ft the adjoining 9612 - Sikanni Rd. (N4505287) is also available.

$14.00/ sq. ft. + NNN - MLS# N4505336

10123 - 100th Street A prime downtown location, right on 100th Street, just under 2500 square feet divided into 2 separate retail spaces, both sides currently leased. $299,900 MLS# N4504949

FOR SALE OR LEASE PROSPECT PARK LOCATION

INVESTMENT GEM! 4717 - 51 St., Chetwynd

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$995,000

Wende Brash 250-342-1300 Cell Broker/Owner

RE/MAX Invermere 250-342-6505 Office

Fully occupied w consisted ROI to the owner. Contains established businesses & a fully furnished 2 bdrm apart. Torch on roof in 1999 & new fire system in Jan. 2011.

$1,200,000 - MLS# N4504915

GREAT INVESTMENT AWAITS !

10711 - 91st Ave Updated office space, new windows, doors and updated forced air furnace. 1100 sq. ft. of office space attached to 3250 sq. ft. of shop. + 6500 sq. ft. of additional shop space available. $15.00/sq ft + NNN - MLS# N4505100

SOLD

8224 - 93rd Street

1050 sq ft of offi ce w/ hardwood fl oors. Front Side by side reception & display duplex. Upgraded shingles, siding, windows, doors, area & the shop with 3 bays, 1 is drive through/wash bay. fl ooring, kitchens, sundecks, individual fencing, Radiant heat, mezzanine area, 14’ overhead doors. Fenced compound all on city services. driveway & drainage. New tenants moving in July!

REDUCED $810,000 - MLS# N4504836

KATHY MILLERCURTIS ROBINSON PERSONAL REAL ESTATE CORPORATION

Remax Action Realty 1991 Inc.

kathy@bugkathymiller.com curtis@remaxaction.ca 250-785-5520 Toll Free : 1-888-785-5520

The Power Of Partnership!

604-202-0424

peterzebroff@gmail.com OAKRIDGE www.zebroff.com

INVESTMENT PROPERTY FOR SALE TERRACE, BC

4501 Greig Ave MOUNTAINVIEW APARTMENTS 11 unit Building very well maintained with many upgrades and excellent cap rate. Call Dave for more details on this rare investment opportunity

4525 Greig Ave Commercial or retail. Your Business in half and lease the other or excellent return on investment with both sides leased. Call Dave for more information

OPPORTUNITY KNOCKING!

8912/8914 - 88th St.,

$459,900 MLS# N216611

PETER ZEBROFF

COMMERCIAL CONSULTANT

373 Kalum Lake Dr. 4712 Haugland Ave Side by side duplex on 6 Bedroom 3 bathroom RD water. home with over 3000 Many upgrades such sq feet. 2nd kitchen as roof, furnace downstairs, double septic system in the garage & paved parklast few years. ing out front. Roof only BRING ME AN OFFER 2 years old. Great Buy at $249,900 MLS $207,000 MLS CALL DAVE TODAY TO BOOK YOUR VIEWING Terrace Office 250-638-1400

DAVE MATERI 250-615-7225 COAST MOUNTAINS Terrace B.C. - A Place to Call Home


WESTERN INVESTOR JULY 2012 www.westerninvestor.com

DAWSON

CREEK

KITIMAT - BCâ&#x20AC;&#x2122;S

LLOYD SMITH 250-784-7116 lloydsmith@shawcable.com

LARGEST ECONOMIC GROWTH PROJECTIONS

www.dawsoncreekrealestate.ca

TOM MORAN 250-784-7090 tommoran@shaw.ca

Northern British Columbia B9

RE/MAX DAWSON CREEK REALTY 1-888-214-5871 DAWSON CREEK COMMERCIAL EXPERTS

EVER!!! $599k 8 plex, $325k 4 plexs and other investment opportunities coming online!

#135939 FOR SALE OR LEASE 5040 sq ft building on busy Alaska Ave. Many uses, drive thru availability, lots of parking, next to government liquor store. Owner will consider dividing building into two rental units. Priced at $795,000 or $16.00 per sq ft to lease.

#136621:INDUSTRIAL SHOP on 2.25 fenced acres of industrial land, building size is 3400 sq. ft. with 2400 of shop and 1000 of ofďŹ ce. Upstairs is a 1000 sq ft of living accommodation. Built in 2002 the shop has 16 ft high doors and in ďŹ&#x201A; oor heating. For sale for $980,000 or $7500 per month lease.

#129952: FOR SALE OR LEASE Multi purpose building with 2 units now leased leaving 11,000 sq ft. available. Upgrades include updated roof and furnaces Asking price is just $397,000

#129257: THE SOUTH PEACE UNITED CHURCH IS FOR SALE. OVER 11,000 SQ. FT. - Sanctuary, hall, kitchen, ofďŹ ces, and support services. Excellent corner location, zoned commercial, very good condition, ready for an ofďŹ ce or residential conversion. $495,000

#131876, 130050, 131875: HIGHWAY COMMERCIAL/INDUSTRIAL LAND Situated across from the EnCana event centre, Chances casino and new Holiday Inn this is a very desirable location. Total of three lots each approx 4.5 acres each, excellent visibility and access. Priced at $450,000 - $500,000 each

#133401: BUSINESS OPPORTUNITY located on the east side of Dawson Creek. Belsum Auto Recyclers Ltd has a proven track record and shows a good return. Includes 6.5 acres of prime industrial land on Hwy #49, a heated main shop with 3200 sq.ft. and an adjoining 2400 sq. ft. building used for stripping vehicles. Lots of inventory, and equipment includes 3 forklifts and a skid steer. Asking $1,200,000 for the land, buildings, and turnkey business with inventory.

#129953: RETAIL BUILDING Great location on 10th St over 3,000 sq ft on main and additional 3,000 sq ft on second floor, located next to Scotia Bank. Ground floor now leased out to only video rental company in Dawson Creek. Asking price of $375,000 #130083: Popular new restaurant (Brownâ&#x20AC;&#x2122;s Social Club) now open and Pizza Hut coming soon, lots of parking. 16,000 sq. ft. of prime lease space still available. Competitive rates ... best location in the city!

#132673: Will builld to suit. In the centre of the City close to the traffic circle on Alaska Highway...1.55 acres of flat land with all new services to the property and bordered by 8th street and the paved roadway to the new apartment building. Excellent location, commercially zoned. $290,000 #135870: HIGHWAY FRONTAGE - Great visibility on this. 1.077 acre Industrial lot located on highway #2, all City services available. New developments in this area and this is the only lot left for sale along the highway Asking $159,000 #127836: SUBDIVISION FOR MOBILE HOMES! Total of 39 mobile lots are possible on this 4.6 acres, zoning in place, some services are already in, 3 lots have been subdivided. Call for more info. Asking $300,000

"  %  )%$$ 36/9A<)$1$$$ % 10.200//%'  / 3A4' $3616)$/ && ' % %) *$  #?5% 1$$   1 & % %! # *$ % % ) $ (%$$ 397A/4441%% 1 %$$"  7<40>690?74? 7<40>6?0@4A4

CALL 604-725-4872 or

250-826-2284 EMAIL: jvdevgroup@gmail.com

AJ8 G 6 I> K : 7 JH> C: HHDE E DG IJC> IN Well established Towing and Recovery business in Dawson Creek BC. "Exceptional Towing & Recovery Ltd." 150 X 150 Chainlink fenced, grave/asphalt compound, 1 bay heated garage, dispatch/offi ce unit w/services, storage shed. Zoned M-2 Light Industrial. All Equipment included with list available upon request. MLSÂŽ 134219rPrice $895,000 For more info call:

Nyla Lepine & Donna Cooper

250-784-4044 nyla@shawcable.com donnacooper@remax.net DONNAANDNYLA.CA DAWSON CREEK REALTY 250-782-8181 â&#x20AC;&#x153;independently owned and operatedâ&#x20AC;?

FOR SALE TERRACE, B.C.

#133128: NEW STRIP MALL has 4 available spaces left for lease, 1,750 sq ft each. Great location on 8th street between Tim Hortonâ&#x20AC;&#x2122;s & The Brick. Lease rates start as low as $16/sq. ft. Start your business here. Strip mall is 10,000 sq. ft. Also for sale at $1,800,000

L A N D #137248: HIGHWAY FRONTAGE 1.1 Acre of industrial land on Highway 2, topsoil has been removed and an entrance installed and the property is shaled. Asking $199,000

20% + Cash on Cash ROI

DAWS O N C R E E K

#127441: 80 ACRES OF INDUSTRIAL LAND with highway frontage, railway tracks, water and sewer in the City of Dawson Creek. Asking $31,250 per acre #135241: COMMERCIAL LAND NEXT TO THE GOLF COURSE. Great location and potential! 10.33 acres that are zoned C-3 (highway commercial) between the driving range and regional district offices, close to a large campground. Lots of options, borders the Alaska Highway. $1,800,000 #137199: LOCATION, LOCATION! Across the street from Walmart on Highway 2 at the start of the dangerous goods route or bypass. 2.25 acres of commercially zoned land and an easement at the rear of the property for a secondary exit or entrance to 8th street. Commercial and business possibilities. Reasonably priced at $360,000 #127066: LOCATION, LOCATION, LOCATION 0.74 acres at the intersection of 17 Street and Alaska Highway. Ideal location for strip mall, service station, etc. $295,000

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Priced to sell at $1,200,000 For Further Information Contact:

JOHN EVANS RE/MAX Coast Mountains johnevans@remax.net or 250-638-7001 OFFICE @ 250-638-1400

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B10 Northern British Columbia

www.westerninvestor.com JULY 2012WESTERN INVESTOR

— Your PRINCE GEORGE Commercial Professionals — 490 Carson Ave. – Quesnel, B.C. BUSINESS/BLDG/

201 Victoria St.

9080 Penn Rd.

2222 Balsam Ave. – Quesnel, B.C.

FOR SALE- Prime Second Ave. & Victoria St. corner site. 32,262 sq ft two-storey OFFICE/RETAIL building.

LAND - 3,609 sq ft main floor 120 seat restaurant specializing in authentic English fish & chips. 1,559 sq ft second floor living accommodations, may be converted to a banquet facility plus 2,227 sq ft basement.

For Lease – 25,660 sq ft quality warehouse located in the Danson Industrial Park.

Highly visible first class 12, 177 sq ft main bldg. Also has warehouse, two mini storage warehouses & caretakers mobile home. Highway access.

2977 Ferry Ave.

1150 – 3rd Ave.

FOR SALE – 0.8 Acres on corner of Ferry Ave. & Ospika Blvd. C-6 zoning.

FOR SALE – Fully renovated downtown RETAIL/OFFICE building. 3,000 sq ft per floor, plus full basement.

Lot #1–Atwood Rd.(SOLD) 1440 2nd Ave.

760 Kinsmen Pl.

2342 Westwood Dr.

‘Bee-Lazee RV Park & Campground’

FOR SALE well – Proposed sub-division. 17 –sq 4 Extremely maintained quality 5,386 Acre+ highbldg. quality rural residential lots. ft OFFICE 78.8 Acres total. Within 14km of the WESTGATE SHOPPING PLAZA.

FOR LEASE– New first-class building in prime location. Ready for occupancy September 2012. Main floor 4,300 sq ft available and daylight basement 2,000 sq ft. Zoned C-4.

FOR LEASE – Highly visible 2,371 sq ft prime RETAIL/professional OFFICE space. Abundant parking, property has been completely updated. Net –lease.

FOR SALE – A 49 pad campground, plenty of room for expansion & a modern 2,000 sq ft bungalow on 77 Acres.

1550 – 1st Ave.

#205 – 1396-5th Ave.

678 Vancouver St.

1880 Hart Hwy

FOR LEASE – 580 sq ft of professionally designed second-floor, top quality OFFICE space. Gross rate lease.

ONE OF A KIND OPPORTUNITY. 3 concrete block warehouse on 3 Acres. 44,080 sq ft total space. Well maintained with 11 loading doors, 13 O/H doors, 3 phase power & highway access.

For LEASE. 1,985 sq ft of top quality second floor office space. 6 offices, meeting room, lunch room & common area. Net Lease.

FOR LEASE - 1880 Hart Hwy. Build to suit. Prime C-6 (service/retail) land on Highway 97 North. Net-Lease.

www.pgcommercial.ca RE/MAX Centre City Realty Each offi ce is independently owned and operated

GEORGE Weinand

250-960-9556

KEN Goss

250-565-7653

THINK REAL ESTATE...The Best Investment on Earth

DONE Subscribe DEALS OVER $2.5 BILLION WORTH OF INVESTMENT OPPORTUNITIES EVERY MONTH FIRST CLASS DELIVERY

Done Deals editorial feature will highlight deal flow in Western Canada. Show the market what is moving and who is moving it. The monthly report will highlight major (basically 50K square feet or more; or land deals of $2 million or more) commercial real estate transactions that have closed within the last 30-45 days in Western Canada. Please send us the following information:

FRANK O'BRIEN Editor

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7…>ÌÊÜ>ÃÊ܏`ʜÀʏi>Ãi`¶Ê 7…œÊÜ>ÃÊ̅iÊÛi˜`œÀÊ­ˆvÊ«œÃÈLi®¶Ê 7…œÊÜ>ÃÊ̅iÊLÕÞiÀÉÌi˜>˜Ì¶Ê vÊ̅iʘ>“iʜvÊ̅iÊLÕÞiÀʈÃÊVœ˜w`i˜Ìˆ>]Ê«i>ÃiÊ ÌiÊ܅>ÌÊÌÞ«iʜvÊLÕÞiÀÊ­ˆ°i°]Ê, /]ʈ˜Ã̈ÌṎœ˜>]Ê œV>Êˆ˜ÛiÃ̜À]ÊvœÀiˆ}˜Êˆ˜ÛiÃ̜À]ʜܘiÀÉLՈ`iÀ®Ê 7…œÊÜ>ÃÊ̅iʏˆÃ̈˜}Ê>}i˜ÌÉ>}i˜VÞ¶Ê 7…>ÌÊÜ>ÃÊ̅iÊÃiˆ˜}Ê«ÀˆVi¶

Please forward this information directly to Frank O’Brien, Western Investor Editor at wieditor@biv.com.

www.westerninvestor.com 1-800-661-6988

❏ One Year .............$42

Name Title

❏ Two years ............$75

Company

❏ Three years .......$105

Address

Bill my:

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GST Registration No. 10565567 GST Included

City Prov Postal code Phone

Fax E-mail

Credit Card No. Expiry Signature

FAX BACK TO 604-669-2154 OR CALL 1-800-661-6988

$42 could make you millions!


B11

WESTERN INVESTOR JULY 2012 www.westerninvestor.com

REGIONAL ROUNDUP Nearly every sector in positive territory, with building permits up 60 per cent

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petrochemicals plant east of Red Deer at Joffre. WESTERN INVESTOR Nova announced earlier this year it wants to go ahead with what could be a $900 million he numbers are up these days in the expansion at Joffre, roughly 30 kilometres outCity of Red Deer. side Red Deer in Lacombe County. Home sales. Home prices. Building permit totals. Population. Lease costs. /07"QMBOU Central Albertaâ&#x20AC;&#x2122;s unofficial capital is firm- The expansion would add another polyethly back in growth mode, something Keith ylene reactor to the site. Polyethylene is one Acheson easily observes in his commercial of the building blocks in the manufacture of realty position at Century 21 Advantage in plastics. The expansion proposal would prothe oilpatch hub. duce between 40 and 60 jobs and contractor â&#x20AC;&#x153;The industrial market has been very strong positions at the site once work is finished in over the fall and winter and into the spring,â&#x20AC;? fall 2015. The construction workforce would offered Acheson, adding the build-on-spec mar- be far more significant, with an average of ket has returned to Red Deer after disappearing on 150 to 250 tradespeople on site during conthe industrial side in the economic downturn. struction and a peak workforce of about 500 â&#x20AC;&#x153;Thatâ&#x20AC;&#x2122;s something we havenâ&#x20AC;&#x2122;t seen for a in late 2014, according to NOVA. The project is currently in the permitting couple of years.â&#x20AC;? Acheson comfortably estimates the industrial stage, with a development application before vacancy rate in the Red Deer market â&#x20AC;&#x201C; a mix Lacombe County and applications working of city industrial parks and Red Deer County their way through provincial regulators. NOVA industrial subdivisions â&#x20AC;&#x201C; is now sitting under 5 isnâ&#x20AC;&#x2122;t looking for more water for operations, nor per cent. It was a lot closer to 10 per cent back is it seeking a major footprint expansion, so in late 2009 and early 2010 when recession was it would seem likely the project will receive the word of the day. needed approvals by early next year, allowing Nowadays, a renterâ&#x20AC;&#x2122;s market has moved to a for a 2013 construction start. Given NOVAâ&#x20AC;&#x2122;s plans, industrial shop space bit of a landlordâ&#x20AC;&#x2122;s market in the Highway 2 corridorâ&#x20AC;&#x2122;s middle point. New industrial shell space demand in Red Deer isnâ&#x20AC;&#x2122;t likely to suddenly leases for $12 to $13 per square foot, and land- disappear. lords arenâ&#x20AC;&#x2122;t exactly struggling to find tenants. Inside the city, things are also up noticeAcheson cites the case of one landlord with ably in 2012. Building-permit values for the first four months of 2012 hit $72.8 million, up a project on the way. â&#x20AC;&#x153;The first 12,000-square-foot building is $27.4 million over the same period in 2011 or three-quarters leased and itâ&#x20AC;&#x2122;s not even built,â&#x20AC;? roughly 60 per cent. The increase was evident across all four he noted. While the price range for industrial space building sectors: residential, commercial, can still vary from $8 to $14 per square foot, industrial and institutional. Permit values and prices have generally firmed up as vacancy has the total number of permits were up in all four categories. Residential values accounted for declined. Powering demand is a resurgent oil and gas just under half the total for January to April sector and everything that goes with it â&#x20AC;&#x201C; includ- 2012. Housing prices are also rising this year in Red ing expansion of the huge NOVA Chemicals DAVE HUSDAL

Photo: City of Red Deer / Tourism

5

TOP: Red Deerâ&#x20AC;&#x2122;s City Hall: with no business tax, no sales tax and a surging oil and gas sector, city building officials are busy. INSET: Red Deerâ&#x20AC;&#x2122;s bustling downtown.

Deer, according to figures from the Central Alberta Realtors Association (CARA). CARA past-president Patrick Galesloot said things have definitely picked up in the Red Deer market, and he expects the recent growth in activity to continue on through 2012 and into 2013.

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The average single-family home price in Red Deer climbed in the first five months of 2012 to $348,944, up about 6 per cent from last year. The price hike came with a higher number of homes selling. Sales were up 21 per cent for the January to May period. Apartment condo (18 per cent) and townhouse (7 per cent) prices were also up for the start of 2012, and while fewer apartments were on the market, more were sold â&#x20AC;&#x201C; about 29 per cent more. Galesloot says there is still caution in the

market, but there is also enough demand to produce lots of multiple-offer situations for sellers. The difference is those situations may have led in the past to a sale above a homeâ&#x20AC;&#x2122;s list price. For now, Galesloot says, even multiple-offer situations arenâ&#x20AC;&#x2122;t necessarily bringing a seller his asking price or more, as they did at times prior to 2008. Unlike many larger municipalities, Red Deer is actively involved in residential land development and not just in redevelopment zones. About one-quarter of residential land being developed in Red Deer is owned by the city Rents in Red Deer have remained fairly stable, with the average two-bedroom apartment renting for about $822 per month in fall 2010, and only $5 more than that in fall 2011, according to Canada Mortgage and Housing Corp.

Please see Offices page B12

"MCFSUB

WHITECOURT AREA, ALBERTA HAUSER'S HARD NINE GOLF COURSE MLSÂŽ 26721 $999,900 Own your own private golf course! Located 30 minutes from Whitecourt & Barrhead on the corner of Hwy 18 & Hwy 757. This nine hole golf course is now available for sale. There is a club house and a a personal log home. A year round business opportunity with nature trails and 10 campsites. Some equipment also included that helps maintain the property. An added beneďŹ t is the property can be subdivided. This is a one in a lifetime opportunity.

PAUL CHAUVET

KATHY WAUGH

780-268-3949 chauvet.paul@gmail.com

780-779-7248 kathywaugh.exit@gmail.com

OFFICE INDUSTRIAL MLSÂŽ 27129 $899,000

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â&#x20AC;˘ Triple A tenant rating for another 4 years! Renewable 5 year term. â&#x20AC;˘ Excellent investment. Good rate of return & AAA tenants. â&#x20AC;˘ OfďŹ ce - 1440 sq.ft Bay 1 - 1040 sq.ft Bay 2 - 3000 sq.ft. â&#x20AC;˘ Total Space - 6000sq. ft. plus mezzanine 2000 + sq.ft.

PAUL CHAUVET 780-268-3949 chauvet.paul@gmail.com

Ph. 403.346.5533 BQQSBJTBMT!TPEFSRVJTUBCDB

E XIT REALTY RESULTS Whitecourt, Alberta 780-779-0090 U www.paulandsue.ca

8F7BMVF8IBU:PV7BMVF

XXXTPEFSRVJTUBCDB


B12 Alberta SYLVAN LAKE HOTEL COMPLEX $890,000 .

Built on 5 commercial lots, high trafďŹ c location in beautiful resort town. 41 rooms, a restaurant & lounge. Under receivership. MLSÂŽ E1016807

DORIS KEUNG / DENIS LAMOTHE 780-453-0601 keungdo@hotmail.com www.denisanddoris.com PA N D A R E A LT Y

www.westerninvestor.com JULY 2012WESTERN INVESTOR

INVESTMENT PROPERTIES FOR SALE 20 UNIT, University area, best location, 14 ones, 6 twos- exclusive at $2,598,000 PENDING 42 UNIT APARTMENT in Leduc, near 50% twos and threes SOLD exclusively for $5,250,000 2 ACRES on Ellerslie Road in Edmonton, busy south side corridor. Now being rezoned to DC2 for commercial, retail usage development$2,170,000 82 ACRE PARCEL adjacent to commercial corridor along St Albert Trail. Proposed land use concept to Mixed Use for Residential/ Commercial/Business-$12,300,000 68 FULLY SERVICED MOBILE HOME VACANT TITLED LOTS located within a modern Mobile Home Park in High Level, AB. MLS # E1014318 Price slashed to $975,000-PENDING I need investment properties for all ICI categories. Looking for apartments, commercial/retail buildings, industrial properties etc.

RICK D. JENKINS

POLARIS REALTY

780-990-6120 cell Email: rdjri@telus.net Commercial Realtor

COLD LAKE MULTI-RESIDENTIAL LAND FOR SALE With $2 billion in new oil sands development by Imperial Oil, Cold Lake is Albertaâ&#x20AC;&#x2122;s hottest city. Multi-residential land is well-located, serviced, zoned and ready for construction.

www.danpreston.ca Personal Real Estate Corporation ,!.$!33%-",9s$%6%,/0-%.4s).#/-%02/0%24)%3

COMMERCIAL R E A L E S TAT E S E R V I C E S SENIOR'S DEVELOPMENT SITE SALE: $1,990,000 Foundation in place, tendered plans, permits, ready to complete. 88 units.

Call 306-244-0981or remai@remaigroup.com $$$$$$$$$$$$$$$$$$$$$

EDMONTON

1PXFSDFOUSF

FOR SALE

s#LUBHOUSECWPROSHOP FULLY LICENSEDKITCHENANDBAR MAIN TENANCESHOPANDLIVINGQUARTERS

Condo units from $115,000/unit

s&ULL*OHN$EERE4ORO-AINTENANCE %QUIPMENTANDCLUBCARPOWER CARTS s%XCELLENTINVESTMENT Call 780-274-0484 for more information

PRIME YUKON INDUSTRIAL PROPERTY 126 Industrial Road Whitehorse, Yukon

INVESTOR or REVENUE PROPERTY

Commercial bays and strip malls available with good returns, Call for details.

For Additional Information

Call LAWRENCE STEINKE & COMPANY REALTY LTD.

Ph: (780) 447-9009 steinke26@gmail.com

LIST

Top commercial realtors from across Western Canada market their listings through the Western Investor.

1-800-661-6988

Prime commercial location on Industrial Road features 5200 sq ft on the main ďŹ&#x201A;oor including retail area and large shop area at rear. Upper mezzanine is 2700 sq ft of open storage area and ofďŹ ces. The CIM zoning allows most commercial operations and the prime location close to the corner of Quartz & Industrial Roads ensures great visibility for your business. MLS #6959 $800,000 For further information and tours please contact: Ernie Bourassa, Dave Pearson or Darryl Weigand RE/MAX Action Realty

1-867-667-2514

Edmonton Leone

While the biggest bright spots in the Red Deer Blackfalds 11 market may be the industrial and residential â&#x153;Ş RED DEER Sylvan Lake sectors these days, things are also fairly healthy Olds on the commercial side, not just in terms of new 2 building activity but in terms of what rental rate Calgary BRITISH properties can fetch. Red Deer power centres in COLUMBIA the cityâ&#x20AC;&#x2122;s south end can snag in the range of $40 per square foot for annual rent, Acheson says, U.S.A. and other regional shopping centres arenâ&#x20AC;&#x2122;t that far behind at $30 to $35 per square foot. 3FE%FFS "# Melcor Developments is moving ahead with its Clearview Market Square project in Population 91,877 the northeast section of the city. The 22-acre New industrial lots $300,000+ per acre project already has several financial instituNew service commercial lots $425,000 tions in the fold, as well as a grocery tenant per acre and Shoppers Drug Mart on the way. Hot zone Commercial south end If thereâ&#x20AC;&#x2122;s a sector of the real estate market Economic drivers Oil and gas, thatâ&#x20AC;&#x2122;s struggling in Red Deer, itâ&#x20AC;&#x2122;s the office petrochemicals, agriculture market downtown. Acheson says while office projects outside the cityâ&#x20AC;&#x2122;s core have found tenants, downtown vacancy is still relatively high. *ODFOUJWFT â&#x20AC;&#x153;Thatâ&#x20AC;&#x2122;s the one area where the market is fairly Red Deer offers some incentives to business, soft,â&#x20AC;? he said. â&#x20AC;&#x153;I would characterize that very according to the cityâ&#x20AC;&#x2122;s economic development much as a tenantâ&#x20AC;&#x2122;s market.â&#x20AC;? office. Red Deerâ&#x20AC;&#x2122;s combined tax and utility A bright spot for downtown occupancy has rates are among the lowest in Canada and, aside been Red Deer Collegeâ&#x20AC;&#x2122;s Donald School of from no rent controls, the city has no business Business, which has added to its offerings tax, provincial capital tax or sales tax. It also through a campus in the cityâ&#x20AC;&#x2122;s downtown core boasts a modern fibre-optics network, good in Millennium Centre on 49th Street. roads and three airports.â&#x2014;&#x2020;

sACRES ENOUGHFORANOTHER NINEHOLEDEVELOPMENT CAMP GROUNDORPOTENTIALSUBDIVISION

Apartment complex 45 miles from Edmonton great town 50 units $84,000/unit

 2VJDLGBDUT

ALBERTA

s#LOSEPROXIMITYTO0EACE2IVERAND 'RIMSHAW

Edmonton Apartment complexes from $100,000/ unit

Four contiguous quarters (640 acres ) of fenced pasture land 60 miles. NW of Edmonton A bargain at $700,000 total price.

Apartment vacancy was sitting at around 2.9 per cent last fall, says the housing agency.

ProďŹ table 9 Hole Golf Course and Driving Range

OPPORTUNITIES

Development opportunity west Edmonton 37 +- acres zoned residential, this property was approved for a 22-1 acre parcel subdivision in 2008 with city water and sewer. Asking price $2,700,000 This site may have greater potential as a 44--1/2 acre lot subdivision.

0''*$&4from B11

14 Units, each with 6 appliances. Heated underground garages, PLUS 2 - 1bdrm suites downstairs - (no garages & 2 appliances with shared washer/dryers & outside parking). PLUS 1 guest suite downstairs with kitchenette. Rentable meeting/party room with full kitchen, library/exercise room for tenants. The building is geo-thermally heated/cooled, and has elevator and intercom system, and full wheelchair ramp. Total of 8 lots. Phase 1 as built covers 3.5 lots with 2.5 adjacent lots to the North for Phase 2 & 2 undevelopable lots in rear for parking etc. All units are full and there is a waiting list.

$1,950,000

MARILYN DRADER

780-736-2243 Platinum Realty

HOTEL OPPORTUNITIES Â&#x2026; 300.4  OFX  IJHI RVBMJUZ DPOTUSVDUJPO UP CF DPNQMFUFE JO  JO BO BCTPMVUFMZ CPPNJOH NBSLFUQMBDF 5IJT IPUFM JT QBSU PG B TVQFSC  SFHJPOBM CSBOE XJUI B IJHIMZ MPZBM DMJFOUFMF 5IF TJUF XJMM BDDPNNPEBUF B SFTUBVSBOU QBE 8FMM PWFS B NJMMJPO EPMMBSTPGGSFFDBTIÂżPXJTQSPKFDUFE&YDFMMFOUMZQSJDFE BU   Â&#x2026;-*.*5&% 4&37*$&   300.4  MPDBUFE JO TNBMMFS DJUZ JO "MCFSUB  "NFOJUJFT JODMVEF QPPM  XBUFSTMJEF  žUOFTT SPPN  CVTJOFTT DFOUSF  HVFTU MBVOESZ BOE NJDSPXBWFTBOEGSJEHFTJOBMMSPPNT5IFIPUFMJTSVOBT BOJOEFQFOEFOU CVUIPMETHPPEQSPTQFDUTGPSGSBODIJTF DPOWFSTJPO    $BQ SBUF   DBTI PO DBTI JG žOBODFEBU"TLJOH   Â&#x2026;'-"((&% 300.4 MJNJUFETFSWJDFIPUFMGFBUVSJOH JOEPPS TXJNNJOH QPPM  XIJSMQPPM  HVFTU MBVOESZ BOE PUIFSBNFOJUJFT5IJTQSPQFSUZJTWFSZXFMMMPDBUFEPO BNBKPSIJHIXBZBOEIBTHPPESFWFOVFBOEPDDVQBODZ UIBUBSFUSFOEJOHVQXBSET3FEVDFEUP   Â&#x2026; 300.4  '6-- 4&37*$&  '-"((&%  XJUI B IJHI QSPžMFMPDBUJPOJOBNBKPSDFOUSFXJUIQMFOUZPGNFFUJOH TQBDF SFDFOUFYUFSJPSBOEJOUFSJPSJNQSPWFNFOUT TPMJE BOEQSPWFODBTIÂżPX3FEVDFEUP   Â&#x2026; 300.4  '6-- 4&37*$&  JOEFQFOEFOU IPUFM JO B UISJWJOH"MCFSUBPJMDFOUFS"NFOJUJFTJODMVEFXIJSMQPPM  TBVOB FYFSDJTFSPPN NFFUJOHCBORVFUSPPNTGPSVQ UP  QFPQMF BOE HVFTU MBVOESZ 5IJT IPUFM PGGFST B HPPESPPNNJYPGCVTJOFTT GBNJMZBOE+BDV[[JTVJUFT "TLJOH   Â&#x2026;)05&-1"$,"(& IPUFMTUPUBMJOHSPPNTJONBKPS DJUZ"TLJOH   Â&#x2026;300.4 '-"((&%)05&-XJUIMFBTFESFTUBVSBOU BOEMPVOHF OFX(BNJOH3PPN-JDFOTFBMMPXJOHGPSBO JODSFBTFUP7-5T NFFUJOHBOEDPOGFSFODFGBDJMJUJFT  CVTJOFTT DFOUSF  žUOFTT SPPN BOE HVFTU MBVOESZ "EEJUJPOBM JODPNF GSPN UFOBODJFT 5IF JODSFBTJOH CVTJOFTT USFOE JO UIJT TUSPOH DPNNVOJUZ  DPNCJOFE XJUIUIFSFWFOVFQSPTQFDUTUIBUBOFX(BNJOH-JDFOTF CSJOHT QSPWJEFTUIFJOWFTUPSBDPOTJEFSBCMFMJGU"TLJOH    Â&#x2026; 300.4  JOEFQFOEFOU IPUFM MPDBUFE JO B NBKPS "MCFSUBPJMDFOUFS5IJTGPVSZFBSPMEMJNJUFETFSWJDFIPUFM JT USFOEJOH TUSPOHMZ BOE JT TVJUBCMF GPS WBSJPVT ÂżBHT "NFOJUJFTJODMVEFLJUDIFOFUUFT XJSFMFTTJOUFSOFU HVFTU MBVOESZ BOE NFFUJOHCPBSESPPN TQBDF  "EEJUJPOBM MBOE BWBJMBCMF GPS B SFTUBVSBOU JG SFRVJSFE "TLJOH    Â&#x2026; 300.4  JOEFQFOEFOU IPUFM PO B NBKPS "MCFSUB IJHIXBZ5IJTMJNJUFETFSWJDFIPUFMXBTCVJMUJOJT JOWFSZHPPEDPOEJUJPOBOEXJMMBUUSBDUBTUSPOHCSBOE "NFOJUJFT JODMVEF žSFQMBDFT JO FBDI SPPN  XJSFMFTT JOUFSOFU HVFTUMBVOESZBOENFFUJOHCPBSESPPNTQBDF "TLJOH   Â&#x2026; 300.4  '6-- 4&37*$&  JOEFQFOEFOU IPUFM BOE DPOWFOUJPODFOUSFXJUIPXOFESFTUBVSBOU HBNJOHSPPN BOE OJHIU DMVC  MPDBUFE JO B UISJWJOH BOE SFTPVSDF CBTFE "MCFSUB DFOUSF  "NFOJUJFT JODMVEF BCVOEBOU DPOGFSFODFTQBDFGPSVQUPQFPQMF žUOFTTDFOUSF  TUFBNSPPN IJHITQFFEJOUFSOFUBOE"5.7FSZTPMJE BOETUBCMFDBTIÂżPXT"TLJOH   For further information, contact Gary & RenĂŠe Anderson Hospitality Sales Specialists Direct: 780-432-1408 contactus@andersonhotelsales.com www.andersonhotelsales.com Carton Realty Ltd. Office: 780.444.6605


Alberta B13

WESTERN INVESTOR JULY 2012 www.westerninvestor.com

LOCAL EXPERTISE

MATTERS

FOR SALE

INVESTMENT OPPORTUNITIES FROM

BARCLAY STREET REAL ESTATE

FOR SALE

FOR SALE

MAIN FLOOR RETAIL

OFFICE/MEDICAL PROF. BUILDING

MIXED-USE COMMERCIAL BUILDING

CASEL MARCHÃ&#x2030;

SUNBOW PROFESSIONAL CENTRE

BERNARD CALLEBAUT BUILDING

nTH!VENUE37 #ALGARY !LBERTA

TH3TREET.7 #ALGARY !LBERTA

nST3TREET3% #ALGARY !LBERTA

s5NIQUEMIXOFLOCALTENANTS Market 17, J.Webb Wine -ERCHANT "ROS$OUGH #ASSIS"ISTROAND"LUSH,ANE s'ROSSFLOORAREA SQFT s"UILTIN

0ROXIMITYTOTH!VENUE37 ONE OF#ALGARYSMOSTUNIQUEANDVIBRANT shopping and commercial districts, provides convenient access to various amenities. For more information or to view, please contact:

For more information or to view, please contact:

dharmsen@barclaystreet.com

KELLY CARVER

RYAN SWELIN

kcarver@barclaystreet.com

RYAN SWELIN

s #LOSEPROXIMITYTODOWNTOWNCORE restaurants, Saddledome, Stampede 0ARK HOTELSANDNEWMIXED USE developments (Sasso, Vetro, Nuera and Stampede Station). s "UILDINGANDSITEHAVEVERYGOODCURB appeal.

DAN HARMSEN

For more information or to view, please contact:

rswelin@barclaystreet.com

GEORGE LARSON

RICHARD LEWIS

rswelin@barclaystreet.com

rlewis@barclaystreet.com

glarson@barclaystreet.com

p: 403-290-0178 f: 403-262-1314

p: 403-290-0178 f: 403-262-1314

p: 403-290-0178 f: 403-262-1314

SPRUCE GROVE

EDMONTON

16A

60

FOR SALE

SUBJECT SITE

FOR SALE

FOR SALE

DEVELOPMENT LAND

MIXED USE REDEVELOPMENT SITE

OWNER USER OFFICE BUILDING

SOUTH ACHESON INDUSTRIAL AREA

CURTIS BLOCK

224 15TH AVENUE SW

Acheson, Alberta

 !VENUE37 #ALGARY !LBERTA

#ALGARY !LBERTA

s$EVELOPMENTLANDnACRES

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For more information or to view, please contact: DOUG GRINDE dgrinde@barclaystreet.comsp: 780-463-3332

sBLOCKSTO,24 BLOCKTO3TAMPEDE Grounds, walking distance to trendy TH!VEST3TREET37

0ROXIMITYTOTH!VENUE37 ONE OF#ALGARYSMOSTUNIQUEANDVIBRANT shopping and commercial districts, provides convenient access to various amenities. For more information or to view, please contact:

For more information or to view, please contact:

DAN HARMSEN dharmsen@barclaystreet.com

RYAN SWELIN

rswelin@barclaystreet.com

KELLY CARVER

RICHARD LEWIS

GEORGE LARSON

kcarver@barclaystreet.com

rlewis@barclaystreet.com

GLARSON BARCLAYSTREETCOMsp: 403-290-0178

p: 403-290-0178 f: 403-262-1314

p: 403-290-0178 f: 403-262-1314

COMMERCIAL REAL ESTATE

SOLUTIONS

Office, Retail, Industrial

Land, Investment

SALES AND LEASING

SALES

Property Management

CALGARY OFFICE: p: 403-290-0178 3UITE nTH!VENUE37s#ALGARY !"40% EDMONTON OFFICE: p: 780-463-3332 n3TREETs%DMONTON !LBERTA 4%:

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B14 Alberta

SHOPPING CENTRES, STRIP MALLS, HOTELS & MOTELS

www.westerninvestor.com JULY 2012WESTERN INVESTOR

EDMONTON & AREA

Ellerslie RE Development Site 80 acre parcel across from the new Edmonton Recreation centre along Ellerslie Road.

AVAILABLE IN ALBERTA!

Call Sammy EMPIRE REAL ESTATE GROUP

OfďŹ ce Building For Sale Prime Location on Jasper Avenue and 114th street in the Oliver Area. 4 storey building consisting of 56,012 square feet . Property is on 3 lots (50 feet x 150 feet) with also parking lots (92 feet x 150 feet) in the rear. Property is wedge between two drugs stores (Shoppers Drug Mart and Medicine Shoppe). New developments all around.

Brand New Freestanding Building two storey with 4,000 sqft on the main ďŹ&#x201A;oor retail & 5,000 sq.ft. upstairs divided into 4 units. Parking in the rear $1,820,000 located on busy 101st just steps from the new epcor tower, LRT systems and proposed hockey arena.

780-906-6652

PH: 780-434-4700 FAX: 780-436-9902

Pulse Pointe Development Site Located in the Quarters project on 95th street and 102 Avenue. A total of 4 lots (14,200 sq.ft.) (142 ft frontage and 100 ft deep. Presently, building is 11,840 sq.ft. This is a new up and coming area. Plans for future LRT system is slated for the area.

Please Call Bob Chinn, Assoc. (bob.chinn@century21.ca)

Web: chinnproperty.com

Land And Building For Sale Over 9,000 square feet on the main ďŹ&#x201A;oor. Upstairs consisting of 4,000 sq.ft and basement level of 4,000 sqft., parking to the east of the building. Lot is 14,577 square feet (120 feet x 122 feet) Located in â&#x20AC;&#x153;the Quarters projectâ&#x20AC;? on 95th street and 102 Avenue. This is a new up and coming area. Plans for future LRT system, hotels and high rises is slated for the area. Business Condo in Old Stathcona 1500 square feet perfect for professional use, has 6 ofďŹ ces, storage, kitchen, reception area. Was used as chiropractors ofďŹ ce, In desirable Stathcona. Close to all amendities, busy trafďŹ c. Freestanding Building Fully leased out on busy Jasper Avenue on a 50 x 150 lot. Building is two storey approx. 5,000 square feet on the main ďŹ&#x201A;oor with paved parking in the rear. 2 main ďŹ&#x201A;oor tenants and 2 tenants upstairs. $1,700,000

or Mark Wilbert, Assoc. (mark.wilbert@century21.ca) CENTURY 21 A.L.L. STARS REALTY LTD

www.cwedm.com

CUSHMAN & WAKEFIELD EDMONTON 2300 Sunlife Building, 10123 - 99 Street, Edmonton, AB T5J 3H1

780-420-1177

investment@cwedm.com

MULTI-FAMILY OPPORTUNITIES s%LINOR,AKE2ESORTACRESOFLAKESIDERESIDENTIAL DEVELOPMENTLANDNEAR,AC,A"ICHE !"

INVESTMENT SALES SITE

sUNITSINBUILDINGSIN7ETASKIWIN BDMS s(IGHRISESITEIN2UTHERFORDACRESZONEDFOR UNITSINDYNAMICAREA s(IGHDENSITYDEVSITESAPTOPPORTUNITIESIN 7ETASKIWIN s,AC,A"ICHE-OBILE(OME0ARK PADANDACRESITE sUNITS-ORINVILLEMINUTESFROM3T!LBERTBUILT Apartment product is in demand! Please call for our opinion of value of your building!

CHRISTOPHER KAMPHIUS or RAPHAEL YAU multifamily@cwedm.com

COMMERCIAL CONDOS  n SQFTLOCATEDATINTERSECTIONOF&ORT2OAD 7AYNE'RETZKY$RIVE9ELLOWHEADSTARTINGATSQFT

BURKE SMITH burke.smith@cwedm.com CONTACT

DEVELOPMENT OPPORTUNITIES +/- 0.947 ACRES: in Valemount, BC. Zoned C3 (Service Commercial) ................................ $49,500 +/- 1.05 ACRES: in Valemount, BC. Zoned HC (Highway Tourist Commercial) .............$455,000 +/- 3.84 ACRES: Fronting St.Albert Trail, Zoned IB (Industrial Business)........................ $3,500,000 +/- 1.18 ACRES: Well located with direct exposure to 50th Street, Zoned CSC (Shopping Centre) ................................................... $1,362,000 +/- 19.49 ACRES:Great access to both Anthony Henday and Highway 16, Zoned IM (Medium Industrial) ............................ $8,775,000

JEFF MCCAMMON OR DOUG BAUER

CONTACT

PRIME WEST EDMONTON LAND â&#x20AC;&#x201C; RA7 s2EADYTOBUILD UPTOUNITS sACRES s!SKING   CONTACT JEFF McCAMMON / DOUG BAUER OR DUSTIN BATEYKO

3 MALLS FOR SALE

WESTBAY CENTRE s¢ SQFTOFlCEWAREHOUSEBUILDING s$OCKANDGRADELOADING s)DEALOWNERUSERBUILDINGWITHINCOME s!SKING   CONTACT JEFF McCAMMON OR DOUG BAUER

MULHURST BAY CROSSING

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Vegreville:"ARGAIN3HOP 6ALUE$RUG-ART SQFTn SQFT CONTACT DAVID COONEY OR DOUG FOGG

RETAIL STRIP CENTRE, ST. PAUL s'REATUPFRONTPARKING s7ELLLOCATEDALONGBUSYTH3TREET

INDUSTRIAL BUILDING FOR SALE sBUILDINGCOMPLEX s&ULLYLEASEDTENANTS s  

CONTACT JEFF McCAMMON OR DOUG BAUER

CONTACT DOUG FOGG OR ADAM MARTINSON

SPRUCE GROVE, DEVELOPMENT LAND s!DJACENTTO3UPERSTOREAND(OME$EPOT s0ARCELSFROM ACRES s'REATOWNERUSERLAND JOIN-ACgSCARWASH

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CONTACT IAN NEWMAN, MARINO PADOAN OR LIAM WHALEN

CONTACT DOUG FOGG

OFFICE BUILDING FOR SALE s7ELLLOCATEDSTOREYOFlCEBUILDINGON3TREET s%XCELLENTOWNERUSEROPPORTUNITYWITHDENTALOFlCEBUILT OUTONMAINmOORs4OTALOF SQFTABOVEGROUND s02)#%2%$5#%$  

CONTACT IAN NEWMAN

MERRITT, BRITISH COLUMBIA s¢ SQFTFREE STANDINGBUILDINGFOR3ALEOR,EASE s)NCLUDESBONUSPARKINGLOT s,EASESQFT3ALE 

CONTACT murry.osborne@cwedm.com or scott.sowinski@cwedm.com


B15

WESTERN INVESTOR JULY 2012 www.westerninvestor.com

COVER “I have witnessed outstanding courage, bravery and perseverance” in the wake of giant wildfire

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.

But that’s what happens when a wildfire overwhelms a town, yet the people show their resilience – and the will to pick up the pieces and start over. “I am inspired by our residents each day,” blogged Mayor Karina Pillay-Kinnee on the first anniversary of the fire. “I have witnessed outstanding courage, bravery and perseverance.” That perseverance is obvious to any visitor. Slave Lake is a busy place these days. Tradesman seem to be everywhere as the community of close to 7,000 moves forward roughly 14 months after wildfire ran over sections of the northern Alberta service centre 250 kilometres north of Edmonton. Housing has remained understandably tight though the aftermath of last May’s inferno, but the community hasn’t been a speculator’s paradise, says Judy Olsen, owner of Re/Max Slave Lake Realty. She credits Canada Mortgage and Housing Corp. for some of that. In the aftermath of the disaster, the government agency ordered a significant number of appraisals to make sure properties sold after the blaze would hold up in value. “They didn’t want to see a spike in the market, only to know that in a year or two when everything became normal again it would all level out,” Olsen said.

Population 7,000 Average detached-house price $330,000 Potential Community spirit

Photo: Joe McWilliams

ore than 200 approved development applications for single-family and semi-detached homes; permits for two apartment blocks (including one with 116 units); a new government centre and assorted new stores and warehouses. Such numbers would be staggering for a small town like Slave Lake, if not for the fact that they are linked so directly with Alberta’s worst natural disaster in recent memory.

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While there were certainly some relatively quick post-fire sales to people looking to buy immediately, such sales were more concentrated in the apartment/condo and mobile-home market, Olsen says, and made to buyers who were looking for a quick solution for housing. Of these, most expected to rent out or resell their new purchases once they were able to rebuild homes that had been destroyed. Olsen says some outside investors who owned properties in Slave Lake tried to make a quick buck after the May 2011 fire, but that there wasn’t a big jump in prices in the distorted market. So a year after the fire? Houses are selling for pretty close to what they were in the pre-fire era. The most popular price range for singlefamily homes is in the $320,000-to-$375,000 range, Olsen says. That’s typical for something in the 1,300-square-foot category. Builders are running flat out, rebuilding

Photo: City of Slave Lake

WESTERN INVESTOR

Photo: Joe McWilliams

DAVE HUSDAL

LEFT: Mayor Karina Pillay-Kinnee: inspired by the residents. TOP: more than 300 new homes are being built or are complete in Slave Lake one year after a wildfire destroyed one-third of the buildings. Construction materials are stockpiled around town as the recovery gets into high gear.

homes for folks who have worked through the details of insurance claims. There’s very little spec building going on, though some of the insurance re-builds will essentially become spec homes, reflecting the fact that not all Slave Lake homeowners have committed to staying in the community. They’ve made the decision to move on for whatever reason. “There are homes that are being rebuilt that people will not be moving into, and they will be putting them on to the market,” Olsen explained. There may also be some regular spec building once the insurance-funded rebuilding is done, but for now, there’s little in the way of true speculation.

the Slave Lake region for what are known as FireSmart projects – initiatives designed to lessen future wildfire risk and increase response capacity to such disasters. The province has upgraded its strategy and priorities for community protection, reviewed internal wildfire-management standard operating procedures and updated FireSmart community plans to meet extreme wildfire events. It even started its wildfire-season efforts a month early this year and trained an additional 100 firefighters for duty. Some of this should provide comfort for Slave Lakers, who have diligently pursued an unprecedented community renewal project they couldn’t have imagined 16 months ago. Said Olsen: “The mood of the whole com'JSF4NBSU munity is basically we’re in a recovery state and we just have to get through it.” While rebuilding has been a big focus in The mayor has a single focus: total recovery Slave Lake, so have efforts to make sure such a disaster doesn’t happen again. The Alberta “I’d like to see this beautiful community fully rebuilt,” Pillay-Kinnee said.◆ government has allocated $20 million to

"MCFSUB

Break Out of the Box Land...red tape…business costs…they can have any transportation & logistics business feeling boxed in. Get your business freedom back 30 minutes south of Edmonton, where red tape is a bad word, there’s affordable land to spread out on, business costs are competitive, a nose to the grindstone workforce has your back thick or thin, and there’s easy access to major rail, road, and air linkages. Home Hardware chose us as its distribution hub for western Canada; Santa Claus considered us.

City and County of Wetaskiwin, Town of Millet

Call 780.361.6231 or visit WWW.JEDIALBERTA.COM


B16 Alberta WETASKIWIN, AB

Newer Four-Plex Private Sale

Asking

$565,000

UĂ&#x160; Ă?ViÂ?Â?iÂ&#x2DC;Ă&#x152;Ă&#x160;Ă&#x20AC;iĂ&#x152;Ă&#x2022;Ă&#x20AC;Â&#x2DC;Ă&#x160;Â&#x153;Â&#x2DC;Ă&#x160;Â&#x2C6;Â&#x2DC;Ă&#x203A;iĂ&#x192;Ă&#x152;Â&#x201C;iÂ&#x2DC;Ă&#x152;°Ă&#x160; UĂ&#x160;Â&#x153;Â&#x153;`Ă&#x160;Â?Â&#x153;V>Ă&#x152;Â&#x2C6;Â&#x153;Â&#x2DC;]Ă&#x160;VÂ?Â&#x153;Ă&#x192;iĂ&#x160;Ă&#x152;Â&#x153;Ă&#x160;Ă&#x192;VÂ&#x2026;Â&#x153;Â&#x153;Â?Ă&#x160; >Â&#x2DC;`Ă&#x160;Ă&#x192;Â&#x2026;Â&#x153;ÂŤÂŤÂ&#x2C6;Â&#x2DC;}Ă&#x160;>Ă&#x20AC;i>°Ă&#x160; UĂ&#x160;Ă&#x2022;Â?Â?Ă&#x17E;Ă&#x160;Ă&#x20AC;iÂ&#x2DC;Ă&#x152;i`Ă&#x160;>Â&#x2DC;`Ă&#x160;>ÂŤÂŤĂ&#x20AC;Â&#x153;Ă&#x203A;i`Ă&#x160;vÂ&#x153;Ă&#x20AC;Ă&#x160; VÂ&#x153;Â&#x2DC;`Â&#x153;Ă&#x160;VÂ&#x153;Â&#x2DC;Ă&#x203A;iĂ&#x20AC;Ă&#x192;Â&#x2C6;Â&#x153;Â&#x2DC;°Ă&#x160; UĂ&#x160; >VÂ&#x2026;Ă&#x160;Ă&#x2022;Â&#x2DC;Â&#x2C6;Ă&#x152;Ă&#x160;Â&#x2C6;Ă&#x192;Ă&#x160;Ă&#x201C;Ă&#x160;Li`Ă&#x20AC;Â&#x153;Â&#x153;Â&#x201C;Ă&#x192;]Ă&#x160;ÂŁĂ&#x160;L>Ă&#x152;Â&#x2026;]Ă&#x160; >Â&#x2DC;`Ă&#x160;Â&#x2026;>Ă&#x192;Ă&#x160;wĂ&#x160;Ă&#x203A;iĂ&#x160;Â&#x2DC;iĂ&#x153;Ă&#x160;>ÂŤÂŤÂ?Â&#x2C6;>Â&#x2DC;ViĂ&#x192;° Call

MIKE for details at:

780-462-3405 or email: simrenvig@hotmail.com

Val Toffoli

www.westerninvestor.com JULY 2012WESTERN INVESTOR

MOBILE HOME PARKS

Blackfalds, near Red Deer/ Edmonton, Alberta 82 sites @$400 per site, no vacancies + one home, all city services Asking $3.6 Million --------------------------------------Swan River, Manitoba 69 sites (11 vacant) + one home + shop, on 25 acres, all city services. Asking $630,000

Mt. Sentinel Walter TymoďŹ evich Realty Ltd.

250-487-1585

APARTMENT BUILDINGS: s12 Ste Character Bldg. Central McDougal. Over 6.5% cap rate. Some upgrades.3ELLER OPENTO2EASONABLE/FFERS!

1.97 ac Industrial land in Stony Plain fully serviced ready to build warehousing etc. $580,000

0110356/*5:

WANTED: An industrial warehouse building and 2 to 5 acres of industrial land. 4 Plex in Evansburg

Newly built 1350 sq bi-level in Athabasca $299,900 Marble Slab Ice Cream in Edmonton

s "UILDING BUSINESSEQUIPMENT s "USINESSMAYBESOLDSEPARATELY s 4HISISAVERYLUCRATIVEBUSINESS Owners retiring (no agents)

s20 Stes â&#x20AC;&#x201C; Great Central Location â&#x20AC;&#x201C; Extensive Upgrades â&#x20AC;&#x201C; Lge Stes â&#x20AC;&#x201C; Excellent Mix â&#x20AC;&#x201C; 10 Yr Assumable Mtg â&#x20AC;&#x201C; 2nd VTB Mtg possible. #AP2ATE WANTED: APARTMENT BUILDINGS Have QualiďŹ ed Buyers Ready to Purchase!

$240,000

Goldy Singh Empire Real Estate Group 780 499 8500 goldy122@hotmail.ca

EDMONTON APARTMENTS FOR SALE

s ,OCATEDIN3OUTHERN!LBERTA s 2EVENUEOF YR

Serious Inquiries to:

"7"*-"#-&

(Sold)

Newly built SXS duplex in Edmonton Rent both sides or live in one & rent the other $334,900 ea side

SERVICE

Phone: 780-707-9395 4107 - 99th Street, Edm, AB T6E 3N4 Â&#x201C;>Â&#x2C6;Â?\Ă&#x160;Ă&#x203A;Ă&#x152;Â&#x153;vvÂ&#x153;Â?Â&#x2C6;JĂ&#x192;Â&#x2026;>Ă&#x153;°V>Ă&#x160;UĂ&#x160;Ă&#x153;Ă&#x153;Ă&#x153;°Ă&#x203A;>Â?Ă&#x152;Â&#x153;vvÂ&#x153;Â?Â&#x2C6;°VÂ&#x153;Â&#x201C;

'3"/$)*4&

ANSWERING

Selling Edmonton since 1987

REALTY EXECUTIVES POLARIS

mt.sentinel@shaw.ca

7.93 ac C3 Zoning on Hwy 13 opp. of Airport $799,000

sWEST END 38 UNITS WALK UPAPARTMENTS %XCELLENTSUITEMIX GREATLOCATION 7ELLMAINTAINED LARGESIZEDUNITS  !SKING$6,800,000 sWEST END 14 UNITS WALK UPAPARTMENTS 'OODSUITEMIX EXTENSIVELYRENOVATED ,OWVACANCIES  !SKING$1,890,000 sCENTRAL LOCATION 11 UNIT APARTMENT 6ERYLOWVACANCIES EASYTOMANAGE  !SKING$899,000

6OJRVF  4VDDFTTGVM  (SPXJOH3FUBJM#VTJOFTT 1SPWFO1SPÂŞUBCMF $IFBQ4NPLFT5PCBDDP  .JODBTIJOWFTUNFOUL $POUBDU KFGG!DIFBQTNPLFDB PSDBMM+FGGMBXSFODF



For more information please contact: (BROKER) at 780-413-4800 Ext. 27 or email: interactrealty@shawbiz.ca

Sellout@telus.net

SAM SIT

With your phone number, name & location

INTERACT REALTY INC.

FORT MCMURRAY â&#x20AC;&#x201C; FOR SALE OR LEASE NEW INDUSTRIAL SPACE AVAILABLE â&#x20AC;&#x201C; 2012

 " 

$05.,)(.$&( 8!42((4 '/10410" !

  

!!!

 

  "  ! ,*+6$7 #$22(0"+1/$3(21'21/( !42$4+&10$15047.%(24$ c-!2#"',2&#* #02 ,"3120'* #02*," c?=$##29BB$##2.0#L#,%',##0#"12##*!-,1203!2'-, c:=$--2!*#0!#'*',%&#'%&2 c '01202#!-,1203!2'-,2&0-3%&-32 3'*"',% c ,LÉ&#x2014;--0&#2',%I=*'%&2',%I?=$--2 'L$-*""--0 c#!30#.0)',%

s  TO SQFTON!CRES s ,OTSOFPARKINGANDYARDSPACE

Call.JLF(FPSHFor #JMM4DIPFNBLFS

(0#,..,$/310     (2006) LTD.

-(06,..,$/310&1..,(23&1/

www.property-solutions.ca

APARTMENT OPPORTUNITIES 6 UNITS â&#x20AC;&#x201C; NORTH............... ...................... $620,0

EDMONTON LAND

00 8 UNITS â&#x20AC;&#x201C; NAIT .................... .................... $936,000 9 UNITS â&#x20AC;&#x201C; DOWNTOWN ..... ....................... $855,000 12 UNITS â&#x20AC;&#x201C; DOWNTOWN ..... ..................... $925,000 15 UNITS â&#x20AC;&#x201C; WEST ............... ................... $1,500,000 16 UNITS â&#x20AC;&#x201C; NORTH. COMME RCIAL MIX.. $2,100,000 20 UNITS â&#x20AC;&#x201C; EAST.................... .............. $1,850,000 30 UNITS â&#x20AC;&#x201C; WEST ............... ................... $3,000,000 COMMERCIAL BUILDING. DOW NTOWN ...... $450,000

130 acres +/- zoned rural residential - 70% level grass & pasture, bal. woodland grazing. Presently decommissioned game ranch, cadillac fencing & livestock handling equip w/40x80 shop & living quarters. Could be livestock, cattle/ horses/exotics or private estate situated on twinned highway 5 miles west of West Edmonton Mall. Airstrip presently being developed, super grass, fencing, privacy or develop to suit market. For More Information Contact:

BOBCAT DEVELOPMENT 780-722-4156 Trucks and Trailers â&#x20AC;&#x201C; 50 Units Largest movie ďŹ&#x201A;eet in Western Canada $2.75 mil. Leased to Movie Production Companies. 2012 Appraisal available.

Pigeon Lake: Private Harbour & Marine ownership for both acreages. 7.96 Acres $549,000 with Panabode Home 12.78 Acres - could be subdivided. $579,000 Owner will consider trade for Commercial Bldg. in Edmonton Area.

Pam Gill (780) 455-4088 gillp@sutton.com

www.apartmentsinedmonton.com Sutton Central Commercial - AN INDEPENDENT MEMBER BROKER

New Sarepta AB Convenience Store/ Small Restaurant/ Home Triple Garage $799,000 Grossing over $1 Million per year. Excellent business in great community.

Bonnyville - 139 Acres with Town Water bordering town of Ardmore. Excellent hwy location only minutes to Bonnyville and in the heart of the Oil and Gas Industry. Subdivision possibilities. $499,000

Cold Lake - 144 Acres on Hwy 55 and Hwy 892 Subdivide for Commercial and Industrial Lots. $2.5 Million Edmonton 14641 -119 Ave. 2345 sq.ft. Newer Ind. Condo $399,900 or will lease. 24â&#x20AC;&#x2122; clearspan.

Judith Rimmer RE/MAX Commercial Direct 780 405-9333 or 780 429-1200 or T.Free 866-481-2950 jrimmer@remaxcomm.ca


Alberta B17

WESTERN INVESTOR JULY 2012 www.westerninvestor.com

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B18 Alberta

www.westerninvestor.com JULY 2012WESTERN INVESTOR

s#OMMERCIAL)NDUSTRIAL$EVELOPMENT/PPORTUNITIES s3INGLE&AMILY(OMES.EW!PARTMENTS2EQUIRED sMINUTESTO%DMONTONAND-INUTESTO2ED$EER

s2ETAIL(OTEL$EVELOPMENT/PPORTUNITIES s3+90/24AT7ETASKIWIN!IRPORT3ITES!VAILABLE s LOYALSHOPPERSINIMMEDIATETRADINGAREA

City of Wetaskiwin

For Details Contact: RONALD HOLLAND (780) 361-4404 Edm Dir: (780) 421-0953 rholland@wetaskiwin.ca

Economic Development P.O. Box 6210 Wetaskiwin, Alberta T9A 2E9 www.wetaskiwin.ca

Appraised at $18.5M Asking $15,000,000. 805.2 Acres Located at South/East sides of Eagle Lake in Wheatland County Alberta, Canada. Expired plan visualized approx 1,200 homes, a golf course and light commercial.

7920 96 Ave NE Stoney Tr. & Country Hills $ 1.8M 18.46 Ac House/Shop ZONING S-FUD Many options

Baysprings Development SW Airdrie Parcels Available! R-5 Current plan for 5 Buildings, 60 Units each total 300 units Serviced $3,888,000 R-3 Current Plan for 57 Town house Site 20â&#x20AC;&#x2122; Fronts Serviced $4,270,000

HWY 7 Black Diamond Transitional 3.43 Acres Across from RONA $ 1.8M Commercial/Residential

www.CalgaryCommercialRealtor.com Dâ&#x20AC;&#x2122;Arcy Browning

FULL SERVICE MOTEL In Dynamic Good Sized City

BUILDER ALERT! 52.9X131.4â&#x20AC;&#x2122; R-C2 lot 2024 50 Ave SW, Calgary RIVER PARK/ALTADORE 4 Aventerra Rd NW, Calgary, AB $290,000-495,000 2 Ac Lots 333 Confidential ST SE Calgary, AB $799,900 2,153 Sqft Automall Condo

403.730.8755 or darcybrowning@remax.net

FOR LEASE 720 - 17 Avenue SW, Calgary, Alberta

Western Saskatchewan

FOR SALE 602 - 12 Avenue SE Calgary, Alberta 7,000 Sq. Ft. Downtown Site

sROOMS BANQUETANDRESTAURANTFACILITIES with lounge and VLTâ&#x20AC;&#x2122;s. s0RICEDATMILLIONATANCAPRATE s2OOMFORIMPROVEDBOTTOMLINE HOTEL - FULL SERVICE Southeastern Alberta s./)INEXCESSOF  s&ULL3ERVICE)NCLUDING#ONFERENCE7EDDING facilities s7ELL&LAGGED sROOMSWITHROOMANDPLANSFOREXPANSION s4WOLOUNGES s(IGH6,4COUNT s.ET2ENTALINCOMEASWELL s0RICEDTO3ELL

Heart of the â&#x20AC;&#x153;Red Mileâ&#x20AC;? s 82 sq. ft. Main Floor and 3,210 sq. ft. 2nd Floor s3URROUNDEDBY&INERESTAURANTS2ETAIL"OUTIQUES Blair Mastin Tel: (403) 291-8869 bmastin@naicalgary.com

Colleayn Mastin Tel: (403) 291-8868 cmastin@naicalgary.com

4110 - 79 Street NW Calgary, Alberta 10,250 Sq. Ft. Office Building

FOR LEASE Retail/Commercial Bay Space 51 East Lake Avenue NE, Airdrie, Alberta

MOTELS PRICED UNDER $700,000 s,OCATEDINVARIOUSSOUTHERN!LBERTATOWNS s'REATRETURNSFORANON SITEOWNEROPERATOR s(AVEYOUROWNBUSINESSFORALITTLEMORETHAN THECOSTOFANAVERAGEHOMEIN#ALGARY Tim Anderson Tel: (403) 291-8866 tanderson@naicalgary.com timjn_anderson@yahoo.ca

LAND FOR SALE - DIDSBURY, AB s!CRESINTHEGROWINGTOWNOF$IDSBURY s6ENDORMOTIVATED s"USYINTERSECTIONWITHGREATACCESS s)DEALFOR'AS3TATIONANDMANYOTHERUSES Blair Mastin Tel: (403) 291-8869 bmastin@naicalgary.com

Colleayn Mastin Tel: (403) 291-8868 cmastin@naicalgary.com

Westmount Village Phase 1 Okotoks, Alberta 24,175 Sq. Ft. Shopping Centre s"AY3PACEOF TO 3Q&T s)MMEDIATE/CCUPANCY FOR SALE â&#x20AC;&#x201C; 8 ACRE DEVELOPED SITE West Calgary Area s)NCLUDESA   SQFTBUILDING s)DEAL(IGHWAYLOCATION s&ULLDETAILSWITHA#! Jim Courtney Tel: (403) 291-8873 jcourtney@naicalgary.com

Shane Olin Tel: (403) 708-9086 solin@naicalgary.com

Calgary Office   !3TREET3% #ALGARY !"4("sPhone: (403) 214-2344 FAX: (403) 214-0244 BUILT ON THE POWER OF OUR NETWORK. OVER 375 OFFICES WORDLWIDE.

RE/MAX REAL ESTATE CENTRAL


Alberta B19

WESTERN INVESTOR JULY 2012 www.westerninvestor.com

Each office is independently owned and operated.

www.AlbertaInvestor.com

WANTED: APARTMENT BUILDINGS AND MULTI-FAMILY SITES IN BC & ALBERTA WE ARE LOOKING TO PRESENT YOUR REAL ESTATE PROJECTS TO CHINESE INVESTORS Bring Alberta and British Columbia Investment Opportunities to the Chinese Market Place

JERRY RACZKOWSKI   sJRCOACH TELUSNET

RE/MAX REAL ESTATE 3T 4., %DMONTON !"

CALGARY, AB

TWO GREAT Investment Opportunities in Grande Prairie, Alberta

Ă&#x2022;Ă&#x192;Â&#x2C6;Â&#x2DC;iĂ&#x192;Ă&#x192;Ă&#x160;"Â&#x2DC;Â?Ă&#x17E;Ă&#x160;Â&#x2021;Ă&#x160;Ă&#x152;Ă&#x2022;Ă&#x20AC;Â&#x2DC;Ă&#x160;iĂ&#x17E;Ă&#x160;vĂ&#x20AC;>Â&#x2DC;VÂ&#x2026;Â&#x2C6;Ă&#x192;iĂ&#x160;Â&#x153;ÂŤiĂ&#x20AC;>Ă&#x152;Â&#x2C6;Â&#x153;Â&#x2DC; MARBLE SLAB CREAMERY

Acreage Subdivision development

$424,900 Ă&#x; 70.65 acres only minutes away from city Ă&#x; A great mixture of trees and rolling hills Ă&#x; Perfect place to build a dream home! Ă&#x; Municipal water to the front of property line.

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VIJAY THANKEY 403-554-4268 vj2good@hotmail.com www.vj2good.com

REMAX REALTY PROFESSIONALSĂ&#x160;Ă&#x160;

Each ofďŹ ce individually owned and operated

Investment Sale!

ACREAGE South of Calgary

$849,800

OPPORTUNITIES $2B Expansion at Cold Lake oilsands Take advantage of the economic spin offs

R3 SITE FOR 14 - 4 PLEXS AT

$698,000

Âź SECTION 145 ACRES Adjacent to city of Cold Lake boundary and golf course. Zoned Country-Residential

Ă&#x; 10.5 acres property zoned Manufactured Home Community Ă&#x; Vacancy in Grande Prairie is extremely low, people are looking for lower priced homes Ă&#x; Basically in town and paved to the front of the lot

SHANE ZEYHA (780) 933-8878 Shane@keyz.ca www.keyz.ca

56 Acres Just 2 miles South West of Spruce Meadows

$1,590,000 MLSÂŽ C3490911

Bob Wiseman RE/MAX Landan Real Estate

403-256-3888

LAND AND PROPERTY FOR SALE

$689,000 Âź SECTION 132.8 ACRES Overlooking Jessie Lake. Adjacent to town of Bonnyville boundary. Future Country-Residential or annex to Bonnyville

$795,000 COMMERCIAL LOT IN COLD LAKE On Lakeshore Drive 55â&#x20AC;&#x2122; x 199â&#x20AC;&#x2122;

$199,000 7.2 ACRES ZONED HIGHWAY COMMERCIAL Services prepaid $749,900 4 ADJOINING COMMERCIAL LOTS

By-level property 1488 sq ft, 6 bedrooms

Highway exposure

$95,000 each Larry Melanchuk, Associate Broker RE/MAX Cold Lake 2000

Cell: 780.826.0100 www.coldlake.info TF: 1.800.707.8374 A Division of Cold Lake 2000 Realty. Independantly owned & operated.

VIJAY THANKEY 403-554-4268 www.vj2good.com vj2good@hotmail.com Virtual Tour at: www.360pics.ca/vinjaythankey/1

REALTY PROFESSIONALS

Each office is independently owned and operated.


B20 Alberta/Business Opportunities

EXECUTIVE SUITE B U S I N E S S FOR SALE

MOTEL: Asking $3.79mil 38 rooms in Edmonton MOTEL: Asking $1.79mil 45 rooms in Pincher Creek CAR WASH: Asking $2.95mil Sale $600,000 I hour from Edmonton ESSO GAS STATION + MOTEL:Asking $2.1mil 25 rooms. Leased. I hour from Edmonton MOTEL: Asking $1.19mil 26 rooms in Vulcan. ($320,000 sales steady for 7 years)

OIL & GAS MAINTENANCE AND RECLAMATION BUSINESS Here is an opportunity to purchase the shares & assets of a successful contracting business that has been in business for 16 years and has an excellent reputation serving southwest Sask. Equipment is all owned & paid for, the majority is under warranty. Financial statements available for buyer. Serious inquiries only. $1,500,000 (MLSÂŽ 429878)

- Consistently exceeds 93% occupancy - Easy to manage - Safe long-term investment - Vendor support available Call 306-227-7760 or

blk752@mail.usask.ca

403-680-9827

Tomkoh999@gmail.com

GREAT BUSINESS OPPORTUNITY

Business Opportunity

in Calgary, Alberta

Thomas Koh (CIR)

REGISTRY BUSINESS

Brent Schlenker 403-580-0222 www.brentschlenker.com CENTRAL ALBERTA CAMPGROUND OPPORTUNITIES

LAKEFRONT! 403-347-0744

FOR SALE ProďŹ table & viable stand alone Registry Business. Located in Medium Size town in Fairview, Alberta at the centre of a large rural, farming, oil and forestry area. Owned by same owner since 1986. Good lease for space available at very reasonable rates. A document service buisiness is included with the assets. Contact: email: kďŹ&#x201A;andry@telusplanet.net cell: 780 835 0315

Cedar Villa Motel, Foremost, Alberta An excellent opportunity to purchase a very lucrative 13 room motel. 1053 sq ft attached house with 4 bedrooms and 2 bathrooms. Laundromat. Office area. Laundry room includes 2 new washers, 3 dryers. 20x15 storage shed & 10x10 garden shed. Price includes stock. (MLSÂŽ 17537) Vendor may consider asset or company sales. Price Reduced $499,000

Brent Schlenker 403-580-0222 www.brentschlenker.com

www.westerninvestor.com JULY 2012WESTERN INVESTOR

RED DEER IS BOOMING AGAIN Ă&#x2C6;Â&#x2021;* 8Ă&#x160;fĂ&#x2021;Ă&#x2021;Â&#x2122;]äääĂ&#x160;Ă&#x160;Ă&#x2021;°xÂŻĂ&#x160; *Ă&#x160;,/ t -Walk To Red Deer College -Newer Windows & Exterior -Five 3 Bedrooms & 0ne 2 -Excellent Cash Flow

$3,250,000 KACIKEWIN CAMPGROUND & CABINS Only 40 min. west of Edm. 10.00 +/- Fully treed acres. 89 beautiful lakefront sites. Fully rented last 9 yrs. Store/Manager's residence. Room for expansion! Large sandy beach area. Located west of Alberta Beach on Lac Ste. Anne.

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DUSTY SMITH TEAM SUTTON LANDMARK REALTY / RED DEER, AB

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CURRENT OFFERINGS

INVESTMENT OPPORTUNITY ALBERTA LAND DEVELOPMENT An established Calgary developer seeks

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for a 271 acre master planned community in the Calgary region.

All approvals in place for ~ 1,800 residential units. Phase 1 servicing complete with homes selling.

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3000 sq ft Victoria Park OfďŹ ce Space For Lease

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2175 sq ft West Downtown OfďŹ ce Condo For Sale $761,250

â&#x20AC;˘ â&#x20AC;˘ â&#x20AC;˘ â&#x20AC;˘

4000 sq ft Penthouse OfďŹ ce Space For Lease on 17 Ave SW 8 Suite Apartment Building in Marda Loop $1.2M Downtown Floral Shop for Sale $79,900

Buyer Brokerage for Alberta Multi-Family Properties and Western Canada Golf Courses

www.cancorppropertygroup.com

marketing your franchise? Call the

1-800-661-6988 (604) 669-8500 westerninvestor.com

Bus: (403) 240-4000 www.toolepeet.com

Email: Commercial@prutp.com to Receive Our Current Alberta Apartment Report!

PONOKA, ALBERTA Looking For Industrial Land next to a Railway Spur? 8 Individual Lots For Sale 11.55 Acres ASKING: $ 1,732,500

For more information please email info@cancorppropertygroup.com

s!&LAGGED&ULL3ERVICE(OTEL, excellent condition no differed maintenance, ďŹ rst class Location that speaks for itself, superb occupancy and resultant revenues, mortgage ďŹ nancing at a very good rate, an investment the ultimate Purchaser will be very pleased to have in its investment portfolio. The upside of this great Hotel going forward, is very good. 7ELLPRICEDAT  

SOLD SOLD SOLD

Located at 49th Street and 60th Avenue in the north Industrial Park within the town limits. Site is provided with all municipal services, and a railway spur connection to the main CPR line between Calgary and Edmonton. Recent rail crossing was completed by town of Ponoka. Excellent manufacturing site or stage area for Oil Sands or other Northern Industrial projects. Lots are for sale individually or as a whole parcel. Owner may sell entire parcel within the Corporation with tax loss advantage to purchaser. Lots #10-15 are 6 contiguous lots; Lots#19&20 are 2 contiguous lots

Mary Yuen-Sears, RealtorÂŽ SUTTON GROUP - CANWEST #1, 555 Hawkwood Blvd NW, Calgary, AB T3G 3K2 #ELL  s&AX   %MAILMARY CALGARYTAGTEAMCOMsWWWCALGARYTAGTEAMCOM

s! mAGGED &ULL 3ERVICE (OTEL with every conceivable amenities and various conveniences, well located in and area of very strong economic development that renders continuous performances of this outstanding establishment. Excellent mortgage ďŹ nancing is available for a qualiďŹ ed Purchaser. !SKING   s! mAGGED  2OOM &ULL 3ERVICE (OTEL Featuring a number of suites and lofts in its room mix, extra vacant land that will facilitate a signiďŹ cant number of rooms well beyond its current number. Large, conference/banquet area with excellent facilities, restaurant/lounge, ďŹ tness centre; a very recent complete up-grade renders the hotel in superb condition with no differed maintenance currently. !SKING   s! &LAGGED  2OOM ,IMITED 3ERVICE (OTEL, featuring indoor Swimming pool among its other amenities, very well located on a service road that gives it highway exposure, outstanding Revenue/occupancy performances. !SKING   s! &LAGGED  2OOM &ULL 3ERVICE (OTEL well located in a prime commercial area a dynamic city, the stellar performance of its operation is attested to by its continuous outstanding growth in revenues, plus substantial up-side potential. !SKING   s 5RBAN 2ESERVE ,AND with potential uses for highway commercial and residential in a town with tremendous growth potential going forward, very reasonably priced at    s,OCATEDINAVERYPOPULAR3KI2ESORT A New Deluxe 2-Bedroom Condo Consisting of 2-bath rooms, ďŹ replace, cable among many other superb Features, plus the many amenities such as swimming pool, sauna, ďŹ tness Center, indoor parking to name a few within the Building Complexâ&#x20AC;&#x2122; Immediate possession available, a great buy with cash to an existing mortgage of $326,200 more or less, at the !SKING0RICEOF 


Alberta B21

WESTERN INVESTOR JULY 2012 www.westerninvestor.com

"MCFSUB

Lethbridge builders buzzing

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uilding permit totals for the first four months of 2012 in Lethbridge hit $54.5 million, up almost 49 per cent from 2011. The increase was most noticeable in the industrial and institutional building categories, but the number of permits was also up for new single-family homes, from 108 in the first four months of 2011 to 149 in 2012.

Tenants can find space in large bays for as little as $7.66 per square foot in the northwest. “Pricing continues to be pushed as investors secure positions in the marketplace and take advantage of today’s low-interest-rate environment,” Colliers concludes.

St. Albert willing to test P3s

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he City of St. Albert has signalled a willingness to think outside the traditional build-and-own model for municipalities. City council in the suburban community on Edmonton’s northwest corner unanimously approved a new policy to govern consideration for P3s – public-private partnerships – in late May. “This policy provides the city with an important new tool to take on large infradmonton’s industrial vacancy rate failed structure projects,” said Mayor Nolan Crouse. “With a council P3 policy we can apply for P3 to climb much in the first quarter of types of programs offered through other lev2012, despite new inventory hitting the els of government.” market. While the policy is now in place, the city According to Colliers International, industrial vacancy in the Greater Edmonton market has yet to identify any projects for considwas sitting at 3.2 per cent for the first quarter eration, said Guy Boston, the city’s general manager of planning and engineering. of 2012, up only very slightly from 3.19 per The policy states that P3 initiatives must cent three months earlier. demonstrate value for the money, align with The vacancy rate stayed where it was, city priorities, protect the public interest and despite the addition of roughly 865,000 have established accountabilities and approsquare feet of new industrial space to the priate governance. market, roughly half that amount in northWhile the policy might seem to open the west Edmonton. “We expect continuing new construction on doors for more private ownership in city projects, it was announced at the same time the both a speculative basis and on a pre-leasing city approved the purchase of a privately held basis to address ongoing demand,” Colliers building to give more space to its growing says in its latest update. RCMP police force. “Vacancy rates in certain areas are again approaching historic lows and, due to the time lag to deliver new building inventory, lease rates will move higher.” The asking annual per-square-foot rate for vacant industrial space varies in the market based on location and bay sizes, but is generally highest in the southeast and Leduc/Nisku he Town of High River latched onto a zones favoured by oilpatch firms. Those rates bargain earlier this spring. range from $8.63 per square foot for the largThe growing community of 12,000-plus est spaces up to $12.50 per square foot. south of Calgary is acquiring a 15-acre parcel

Industrial demand flatlines in capital

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High River lands land for centre

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Commercial, Industrial & Residential Financing

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judge’s decision allowing for an agreement between the Town of Canmore and the receiver overseeing Three Sisters Mountain Village (TSMV) assets is viewed as a necessary step by Canmore’s MLA and former mayor, but much still needs to happen before the troubled development proj ect can move forward in the mountain-resort town. Madame Justice B.E.C. Romaine ruled earlier this spring that PricewaterhouseCoopers Inc. (PWC) can now enter into an agreement with the town to Canmore’s long land debate nears finalize a wildlife corridor for the Three Sisters lands. conclusion. While it has permission to do so in the interest of the Three Sisters creditors it represents, just how soon an agreement will come remains to be seen. Banff-Cochrane MLA Ron Casey, Canmore’s mayor only a few months ago, said the judge’s order is a step forward, but any final agreement between the town and PWC will only be the beginning of a process. “The final agreement with Pricewaterhouse would be something that covers a whole series of things, the wildlife corridor being one of them,” Casey noted. Casey said he’s optimistic there will be an agreement between the two parties before the end of 2012. Not everyone is that optimistic. Deputy Mayor Gordie Miskow said he doesn’t foresee an agreement being finalized in 2012, despite a fairly upbeat report from PWC to the court. The March 8, 2012, report from the receiver to the court said, among other things: “The receiver has now however reached a point where it believes that it has the basis for an agreement with the town, which will resolve the wildlife corridor issue in a manner acceptable to (Sustainable Resource Development).” As the receiver, PWC is tasked with representing the preferred creditors of TSMV. Those creditors are headed by HSBC Bank Canada, which is owed $27.5 million. The bank is also part of a loan syndicate owed another $44 million. As well, HSBC is the third-position creditor for another $22 million. PWC’s job is to secure agreements that will maximize the value of Three Sisters lands to get value for the creditors. The land owned by TSMV and now controlled by the receiver covers about 1,495 acres, about 634 acres in what are known as sites 7, 8 and 9. There’s also an unfinished golf course. The book value of Three Sisters assets was pegged at around $320.8 million back in early 2009. Photo: Travelpod

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of donated land from Spitzee Crossing Group as the home for a new leisure centre for the community. The donation met a long=term need for the town. “We know from listening to residents that there is a need for more recreation facilities in town and this is a priority for us,” said Mayor

Emile Blokland. “Selecting the location and acquiring the land is a big step forward for the future leisure centre.” The town had been considering several proposed sites when the developer came forward with an offer to donate the land, according to city officials.◆ – Compiled by Dave Husdal

BUSINESS & INVESTMENTS MOTEL IN SUNDRE * Asking: $2.49M * SALES: $752,047 * NOI $366,681 * 25 UNITS * 17 VLT’S

MOTEL IN DIDSBURY

We are looking for 1st or 2nd mortgage lending opportunities for:

* Asking: $650,000 * Busy motel * 17 Units + 30 Seat restaurant MOTEL IN MOSSLEIGH * Asking: $599,500 * Sales: $160,000 * 17 Units + 14 RV parking stalls

Obtaining Mortgages and Loans can be made Easy & Simple!



t

Single and multi-family residential developments



t

Commercial, industrial and retail developments

GROCERY STORE IN OYEN * Asking: $1.29M * Sales: $2.6M * Living quarters included

Contact: Frank Hickey



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Refinancing / acquisitions



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Construction / land servicing

STRIP MALL IN CARSELAND * Asking: $2.2M * NOI: $140,400 * Building size: 12,600 sqft



t

Bridge loans



t

Income producing properties

P (403) 290-1990 F (403) 269-1853 frank@concordmortgage.ca

CareVest has been providing its industry leading lending services since 1994. Our integrated real estate services specialize in the investment, financing and syndication of real estate mortgages throughout Western Canada and Ontario.

GAS STATION IN SUNDRE * Asking $777,000 * Sales: $1,368,445

RETAIL BUILDING IN CALGARY * Asking: $669,500 * NOI: 35,800 LIQUOR STORE IN TROCHU * Asking $549,000 * Sales: $853,721 * Totally renovated 1.5 years ago LAUNDROMAT + DRY CLEANING IN ROCKY MOUNTAIN HOUSE * Asking: $324,900 * Sales: $293,501 * NOI: $144,480 * 12 Washers, 13 Dryers * Size: 3,164 sqft * Rent: $4,176

ROCKY PARK CIR REALTY 403-681-7512 www.rockypark.ca


B22 Alberta

www.westerninvestor.com JULY 2012WESTERN INVESTOR

Do you have a VOJRVFQSPQFSUZ  Advertise your listings in our special feature:

1SPQFSUJFT

Reach potential buyers with money to spend. Western Investor readers have higher than average household income and a real interest in real estate.

Recreational Real Estate ADVERTISING FEATURE: â&#x20AC;˘ Limited spaces â&#x20AC;˘ 4-colour ads â&#x20AC;˘ Special rates Recreational Real Estate LIFESTYLE PROPERTIES

www.westerninvestor.com WESTERN INVESTOR

RECREATION FEATURE Wealthy investors corral exclusive acreages at Ranches at Elk Park in Kootenays

Recreational Real Estate LIFESTYLE PROPERTIES



www.westerninvestor.com WESTERN INVESTOR

FOR SALE - On Bird River, MB

3BODITJ[FTBMFTDIFFSWFOEPST WI STAFF WESTERN INVESTOR

erhaps the strongest evidence of a recovery in the Kootenay recreational market is the sale of ranchsized acreages at the exclusive Ranches at Elk Park just outside of Radium Hot Springs. Prices range to nearly $3 million â&#x20AC;&#x201C; and that is just for the land. â&#x20AC;&#x153;We have sold two lots and we have holds on two others,â&#x20AC;? said Rudy Nielsen, founder and president of Niho Land & Cattle Company, which is marketing the ranches through its subsidiary LandQuest Realty. Prices roam from $9,000 per acre for small parcels to around $2,100 per acre for 400-acre and larger ranches. The 3,500 acres at Elk Park, a gated ranch community and perhaps the only one in B.C., are divided into 16 ranches, from 36 acres to 480 acres. The two lots that sold â&#x20AC;&#x201C; one to a retired Edmonton oil executive â&#x20AC;&#x201C; are both in the 100acre size, as are the two with pending sales. The Ranches at Elk Park are what Nielsen calls a â&#x20AC;&#x153;rare collectionâ&#x20AC;? of recreational private estate properties. The ranches are framed by Kootenay National Park and the Columbia Valley and prices range from $390,000 to $2.95 million for 200 plus acres with a lake. â&#x20AC;&#x153;This is a very exclusive opportunity,â&#x20AC;? said Nielsen, 70, B.C.â&#x20AC;&#x2122;s most prolific land dealer. In the last 40 years, heâ&#x20AC;&#x2122;s put together thousands of successful real estate deals, involving tens of thousands of acres, from small plots to ocean islands, to entire town sites and huge farms

Photo: LandQuest

1

Ranches at Elk Park: 200 acres with a private lake listed for $2.95 million.

and ranches. â&#x20AC;&#x153;Thereâ&#x20AC;&#x2122;s nothing else like this in British Columbia. South of the border, in places like Montana, similar ranch-style communities are far less pristine and their prices are much steeper.â&#x20AC;? Calgary-based Schickedanz West, the owner of the Ranches project, is adding a comprehensive amenity centre outside the access point with fitness facilities and a private ownersâ&#x20AC;&#x2122; lounge, Nielsen said. He credited owner Fred Schickedanz for having the vision and patience to create â&#x20AC;&#x153;one of the best recreational ranch developments I have seen in a long time.â&#x20AC;? Nielsen said buyers are a mix of permanent residents and seasonal owners who plan to

ARIZONA Investment Property For Sale ACQUIRE REALTY

623-853-7765 Toll &REE   sWWW!CQUIRE!:COM

eventually retire to the property. They share an common appreciation of nature, outdoor adventure, horse-back riding, hobby ranching and getting away from it all, â&#x20AC;&#x153;without going too far or spending too much.â&#x20AC;? Some of the ranches are lakefront, others have valley views and all have the security and privacy only big money can buy: there is only one access road and it is protected by a controlled locked main gate.

"MCFSUBOT

The success of Elk Park is likely cheered by other land and recreational vendors in the Kootenays, especially since it heralds the return of Alberta investors. In 2007, Albertans were big in the Kootenay

area, grabbing more than 2,000 residential properties and more than 600 plots of vacant land, with the Columbia Valley figuring large. With the BC/Alberta border so close to Calgary, the Kootenays were a natural lure. Then the oilfueled global economy stalled and Albertans went quiet; in 2010 Albertan purchases were off by more than 70 percent or 756 sales o f residential properties. However, with the global economy swinging back and oil now north of US$100 a barrel Nielsen expects a resurgence of Alberta buyers into the Kootenays. â&#x20AC;&#x153;Our sales team says the number and quality of calls coming out of Alberta has increased substantially, compared to anytime from mid2008 to late 2010, â&#x20AC;&#x153; Nielsen said. A recent survey by the Royal Bank forecasts Alberta will lead the entire country in economic growth this year and next, and likely into the next decade. One telling stat: the average weekly wage in Alberta is $1,036 a week, almost one-third higher than the rest of Canada. And Albertans traditionally look to B.C. for recreational property. â&#x20AC;&#x153;You can golf, ski, and catch a large rainbow trout, all in one day in the Kootenays,â&#x20AC;? Nielsen said. He notes that the ski hills of Panorama Ridge near Invermere and the amenities o f Fairmont Hot Springs are close by Elk Park, with almost two-dozen golf courses within a 30-minute drive. Nielsen said The Ranches will attract a select type of buyer. â&#x20AC;&#x153;The price range is for individuals with a pioneering spirit ready to embrace a rare opportunity to own their own private ranch right at the foot of the Rocky Mountains.â&#x20AC;?â&#x2014;&#x2020;

Far from the Madding Crowd

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FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.

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$1,888,000 Virtual tour at www.6565-rockwell.ca

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Sold Price: $62,000 Rent: $895 City: Avondale 9EAR"UILT Square Feet: 1,255

Sold Price: $64,000 Rent: $850 City: El Mirage 9EAR"UILT Square Feet: 1,495

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Gerri SaundersĂ&#x160;JĂ&#x160;(250) 632-2107Ă&#x160;Â&#x153;Ă&#x20AC;Ă&#x160;(250) 632-6638

Here are twelve of the homes weâ&#x20AC;&#x2122;ve sold over the past few months which are all within a 30 minute drive from downtown Phoenix. We even offer property management for our clients.

Sold Price: $52,00 Rent: $825 City: Phoenix 9EAR"UILT Square Feet: 1,343

REALTY (02) LTD.

Overwhelming Views

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Contact us to start your portfolio today.

Sold Price: $51,900 Rent: $850 City: Tolleson 9EAR"UILT Square Feet: 1,423

OfďŹ ce: 604-888-0786 Email: annabelyoung@shaw.ca

Nestled against Southwestern British Columbiaâ&#x20AC;&#x2122;s magniďŹ cent mountains and the sandy beaches of Harrison Lake, Harrison Village is your local destination ďŹ lled with a rich history and natural wonders, including our world famous BC Hot Springs. Known for its leisurely days and friendly ways, offering nature, art, entertainment shopping and food.

INFO !CQUIRE!:COM s  7EST -C$OWELL 2D "LDG # Ste. 305 Avondale, AZ 85323

Phoenix Area

- Exquisite property features the best of the West Coast - Water Front -1.84 acres of high water front - Custom designed house infused with southern light - Spectacular views of the Gulf Islands - Live year round or have a weekend retreat and haven - MLSÂŽ F1118274 $1,075,000

Approximately 80 minutes northeast of Winnipeg on the Bird River. This classic lodge is world famous for trophy bear and deer hunting. Located 1/4 mile from a Department of Transportation certified airport runway. Suitable for church camp, corporate retreat, training centre or private retreat. Commercial kitchen. Games room, sauna & conference room. Thirteen bedrooms, sleeps 27 plus master bedroom & ensuite. Approx. 6900 sq. ft. on +/-2 acres. Asking $1.85M.

Sold Price: $64,000 Rent: $785 #ITY"UCKEYE 9EAR"UILT Square Feet: 1,574

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Avondale - Crystal Gardens Lake Community Sold Price: $69,000 Rent: $825 City: Phoenix 9EAR"UILT Square Feet: 1,343

Sold Price: $87,000 Rent: $995 City: Laveen 9EAR"UILT Square Feet: 1,763

Sold Price: $105,000 Rent: $1,150 City: Goodyear 9EAR"UILT Square Feet: 2,277

604-669-8500 1-800-661-6988 advertise@westerninvestor.com

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Sold Price: $64,125 Rent: $850 City: Phoenix 9EAR"UILT Square Feet: 1,435

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Newly remodeled home, 1870 square feet, 3 bedrooms plus den, 2 baths, prime location near shopping and freeway access, would make for a great vacation home or could rent for $1000-$1075 as an investment property.

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Alberta/Saskatchewan B23

WESTERN INVESTOR JULY 2012 www.westerninvestor.com

e t a t s E l a e R e Prim S ylvan L ake, A lberta Pizza Business, Restaurant/Bar Business, Land & Building across from the Beach.

Call CARL STEPP cell: 403-358-9300

GRAIN LAND INVESTMENT OPPORTUNITIES 25% DOWN BALANCE MORTGAGE (OAC)

Ed Bobiash Farm & Acreage Specialist 306-222-7770sed@edbobiash.com www.SaskLand4Sale.com

The facility is situated in a 10,710 Sq Ft building close to main street in prosperous market, on 1.95 acres. This transaction includes Real estate, inventory & equipment.

RE/MAX real estate central alberta

Petrofka Bridge Orchard MLSÂŽ 410521 $789,900 Beautiful acreage / Progressive Apple Orchard 35 acres Located on the North Sask River Hodgson/Sather Land MLSÂŽ 430238 $149,900 Recreation Quarter just off Highway #41. North East of Saskatoon. Medium Rolling Terrain with Bush Wingard Ferry MLSÂŽ 425965 $224,739 Great Views of North Saskatchewan River on West Side of Wingard Ferry Crossing. Mixed Forest and Grassland.

$1,850,000 plus Inventory.

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CALL 1 866 405 1228

403 998 0328 or jpenner@akelaconsulting.ca

Commercial Mortgage Funds Available s-ULTIRESIDENTIALs#OMMERCIALs)NDUSTRIAL s2ETAILs(OSPITALITYs$EVELOPMENT We provide ďŹ nancing ranging from bridge loans to long term take out. Whether acquiring, reďŹ nancing or constructing, our experts have the experience to ďŹ nance your project. Canada wide and international service available.

WWWINlNITYMORTGAGESCOMsWVIGNAL INlNITYMORTGAGESCOM

403-770-0224

Farm & Acreages Specialist - Call for info 306-222-7770

PRIME

LENDER DIRECT FOR MB, SK & AB PROPERTIES RESIDENTIAL & COMMERCIAL

Asking Price: For further information:

Call today for your opportunity

RE/MAX Saskatoon

EQUITY LOANS

Building Supply Outlet in Northern Alberta Community

Akela Consulting (2012)

www.sylvanlakehouseguy.com 1- -- -Ă&#x160;UĂ&#x160; " , Ă&#x160; Ă&#x160;UĂ&#x160; ," /-

FOR SALE:

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800 sq.ft. on downtown thoroughfare $20.00 sq.ft. Triple net. Vacant.

- 151 acres of Industrial Land - NE corner intersection of Metis and Stoney

2000 sq.ft. in high trafďŹ c mini mall Off street parking. $10.00 sq.ft. Available immediately.

- 2 min. away from CrossIron Mills Mall & City of Calgary - Situated in Balzac East Area Structural Plan - Currently generates $12,000/yr $ , y from several sources

1480 sq.ft. 4 Professional ofďŹ ces Totally renovated. Adjacent to major mall.

- Zoned DC-99

- Entire West boundary borders Metis trail

2160 sq.ft. shop 3-phase power Overhead tube ray heating. Excellent for cabinetmaker etc. Central area. $10.00 sq.ft. 3500 sq.ft. Restaurant on major city highway Long-term lease in place. Has been operating for over 10 years. Includes large off site catering business.

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- MLS # C1020848

ALBERTA IS AGAIN MOVING! MOTELS & HOTELS â&#x2030;ĽNAMPA,ALBERTA in busy boom town, 16 unit motel, â&#x2030;ĽDAYSLAND Bottle Depot â&#x20AC;&#x201C; Building, all equipment, 100 seat lounge, VLTs, liquor store and restaurant. and shelving with additional 2 lots. Do a drive by. PRICE REDUCED TO $990,000! Phone for details. â&#x2030;ĽCAMROSEALBERTA 68 room, full services Hotel. REDUCED - NOW $4.0M.

â&#x2030;Ľ HAY LAKES, ALBERT A Tempo gas bar, convenience store, truck/car wash with upstairs 2 bed living quarters. Environmental & financials available. Asking â&#x2030;ĽROCKYMOUNTAINHOUS E â&#x20AC;&#x201C; 114 Unit Motel, $695,000 Restaurant & Liquor Store. Showing great revenue. â&#x2030;ĽVIKING Viking Hotel, a renovated and up graded operation. 12 guest rooms, a managers suite, tavern, & restaurant. Owner retiring. ASK $159,000.

â&#x2030;ĽCAMROSE 4-Plex â&#x20AC;&#x201C; Reduced! Located in a quiet residential south west area. Individually titled. Fully leased. ASKING $429,000.

FOR MORE INFORMATION CALL OREST:

Contact us for a free information package!

780-679-8353 FAX:

email:swancity@telusplanet.net

@EM<JKD<EK

Other th Land parcels also available

Bobby Bhullar â&#x20AC;˘ 403-973-8822 â&#x20AC;˘ bbhullar83@gmail.com r

14 SUITE APARTMENT BUILDING with 8 furnished suites â&#x20AC;&#x201C; 8% Cap. Rate.

www.swancityrealty.com

780-672-1897

CAMROSE, ALBERTA

FULL SERVICE ESSO GAS STATIONand convenience store 40 mins from Regina $1,799,000

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310 ACRE s with Highway frontage one mile south of Yorkton - $1,950,000

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B24

www.westerninvestor.com JULY 2012WESTERN INVESTOR

REGIONAL ROUNDUP Moose Jaw awes investors with red-tape-cutting incentives and a robust economy

WI STAFF WESTERN INVESTOR or Alberta-based developer Cam Ens, president of NewRock Homes, building new homes in Moose Jaw is a no-brainer. His company recently won an RFP for a 10-acre parcel on the eastern edge of the city for a large multi-family development. While the price paid for the land was not released, the city charged NewRock $320,000 in development levies as part of the request for proposals.

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Ens figures it’s worth it. “Moose Jaw is only 45 minutes from Regina, and we know about the new potash mines and the new regional hospital,” he said. “This is a growing market with a high demand for housing.” In fact, Germany-based K+S held an official groundbreaking ceremony on June 19 for its $4 billion Legacy Project Mine, which will employ up to 200 workers just 58 kilometres from Moose Jaw. “When K+S officials announced the new mine they also declared that although their head office is in Saskatoon, Moose Jaw would be their home base,” saidDeb Thorn, president and CEO of the South Central Enterprise Region. When K+S opens its hiring hall this summer, “housing won’t be able to happen fast enough,” Thorn added. Residential developers have more than potential demand to spur building plans. Moose Jaw offers generous incentives for both landlords and home buyers. Perhaps the most alluring is a grant program for landlords who agree to build rental homes in a city with one of the lowest vacancy rates in Western Canada. The incentives include a rental construction incentive that can provide developers with a grant of up to $50,000 if they agree to build at

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least five rental suites. A total of 60 units are being funded, on a first-come, first-serve basis, with an emphasis on two-bedroom units. According to Canada Mortgage and Housing Corp., Moose Jaw���s rental vacancy rate for two-bedroom apartments is near zero. Under Saskatchewan’s Headstart for Homes program, builders and developers are eligible for loans of 90 per cent of the construction cost of new homes, including land. The main requirement: the new homes must be priced at or lower than the average resale home price, which in Moose Jaw is around $300,000. Grants of up to $10,000 are also available to first-time home buyers with annual incomes of less than $60,000, who purchase a new home (usually a condominium). And Moose Jaw provides a 100 per cent tax exemption on property for a year for commercial building owners who create a residential rental suite – a move aimed at encouraging mixed-used projects in the downtown area. “Moose Jaw is investment ready,” Thorn said.

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And not just on the residential side. A short drive east of Moose Jaw, a significant industrial investment already exists. The existing industrial cluster includes one of the largest nitrogen-based fertilizer-production facilities in all of Western Canada, as well as a potash mine, a salt production plant, a phosphate distribution centre and an ethanol plant. Another fertilizer plant is currently being built in what is known as the South Central Industrial Corridor. The corridor is the largest economic region in the province, accounting for a quarter of Saskatchewan’s annual gross domestic product. About one-quarter of Saskatchewan’s population (240,000) lives in the corridor, providing access to the largest workforce in the province. Moose Jaw is also the CPR terminus

Photos: South Central Enterprise Region

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The new Civic Centre Plaza retail development reflects red-hot consumer spending in Moose Jaw, where jobs are plentiful and growth is a given. Inset shows the iconic “crushed can” civic centre that was demolished to make way for the new centre.

of the Soo Line, providing a direct link to Minneapolis and Chicago, and is home to the largest main-line refuelling facility on CPR’s North American network. The corridor has one of the lowest-cost environments for industrial investment in North America, according to a study by KPMG. Major industrial employers include Mosaic Co., Canadian Salt Co., Terra Grain Fuels and Thunder Creek Pork Plant. Moose Jaw itself has several industrial sites in its Grayson Business Park that are prepriced and pre-approved – “a no-dicker sticker approach,” as Thorn calls it – under a 19-lot pilot sales program. “It has really generated a lot of discussion and [we] are moving to pre-price all the lands in Grayson so they can be sold with the stroke of a cheque by a developer,” Thorn said. An example of pricing: a near-acre lot sells for $110,033 and has a development levy of $32,320, for a total price of $242,353. There are small lots from approximately 26,000 square

feet, with a total price from $81,000 each. Buyers of the first 10 parcels within the pilot project receive full two-year 100 per cent tax exemption, subject to the issuance of building permits within six months of the purchases. As well, buyers of industrial lots at the greenfield site receive a free Phase 1 environmental assessment at the time of sale.

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The big buzz on the streets of the Moose this summer, however, is retail, not industrial. In early May, Colliers International announced the construction is to start on the $25 million Civic Centre Plaza on the site of the iconic “crushed can” – the former civic centre sports arena’s nickname. The Civic Centre Plaza will include 72,000 square feet of retail, restaurant and office space Site preparation is expected to start this summer, with a goal of opening next spring. “What we’re trying to do is use the natural

Please see Diversified page B25


Saskatchewan B25

WESTERN INVESTOR JULY 2012 www.westerninvestor.com

%*7&34*'*&%from B24

esthetics of the golf course next door and make that part of the overall plan,â&#x20AC;? said Bill Babey of Colliers. While the old civic centre was demolished to make way for the new development, the design pays tribute to the former landmark through the main building on the commercial site, according to Rod Ziegler of Walker Projects, architects of the development. â&#x20AC;&#x153;For me this is just an opportunity to take an icon and create a new icon. The shape â&#x20AC;&#x201C; Iâ&#x20AC;&#x2122;ve always loved the shape â&#x20AC;&#x201C; and I believed from day one that the shape should be maintained. The â&#x20AC;&#x2DC;crushed canâ&#x20AC;&#x2122; look, created in the massive curtain wall overlooking the golf course, is just tremendous,â&#x20AC;? Ziegler said.

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Another key construction project in Moose Jaw is the new $103.8 million regional hospital, being built by Graham Group Ltd. of Regina. Construction is scheduled to begin in early 2013, with the hospital expected to open in 2015. Moose Jaw is also home to theSAIT Pallisar Institute, a trade college from which approximately 2,500 students graduate each year.

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While Moose Jaw continues to rely on farming and potash as its main economic engine, the tourism sector is steadily gaining ground. Many travellers along the Trans-Canada

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T U R N - K E Y Custom Farming Operation East Central Saskatchewan MANITOBA

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SASKATCHEWAN MOOSE JAW â&#x153;Ş

Ă&#x; 3600 acres Ă&#x; 900 acres â&#x20AC;&#x201C; leased to 2013 Remainder custom by local operator

Regina

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Ă&#x; Opportunity for 25-35% + returns U.S.A.

$4 million

.PPTF+BX 4, Population 35,000 Average detached-house price $320,000 Industrial land, per acre $100,000 Major employers Agriculture, mining, government

Highway stop to photograph Mac, the worldâ&#x20AC;&#x2122;s largest moose. Standing 32 feet high and weighing10 tonnes, Mac the Moose was the cityâ&#x20AC;&#x2122;s first tourist attraction and still draws the curious. Today, Mac competes for tourists with Moose Jawâ&#x20AC;&#x2122;s famous tunnels (rumoured oncea conduit for illegal liquor), the four-starTemple Garden Mineral Spa resort and Casino Moose Jaw, which is open seven days a week and is located right next to Temple Garden in the downtown core.â&#x2014;&#x2020;

MOVING TO

SASKATOON AREA View your future home at delpetersrealty.com

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FOR SALE - GREAT LOCATION 3062 Millar Ave, Saskatoon, SK Building Size: 18,546 sq.ft. Land Size: 38,332 sq. ft. (0.88 acres) Sale Price: $2,750,000 Contact: Stacy Dybvig

INVESTMENT OPPORTUNITY FOR SALE 1201- 101st Street, North Battleford, SK Annual Net Income: $72,000 Cap Rate: 8.47% Sale Price: $850,000 Contact: Ken Kreutzwieser

ICR Commercial Real Estate icrsaskatoon.com ME

INVESTMENT OPPORTUNITY FOR SALE â&#x20AC;&#x201C; REAL ESTATE 72 Broadway Street, Yorkton, SK Land Size: 1.56 acres = 67,594 sq. ft. Building Size: 44,200 sq. ft. Sale Price: $695,000 Contact: Barry Stuart & Kelly Macsymic

MCARTHUR BUSINESS CENTRE 4002 & 4014 ARTHUR ROSE AVENUE Land Size: Approximately 4.02 acres Building Size: Âą45,360 sq. ft. (2 Phases) Unit Size: 2,520 sq. ft. unit (28â&#x20AC;&#x2122; front x 90â&#x20AC;&#x2122; depth) Sale Price: $485,000 (Per Unit) Contact: John Kachur

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â&#x20AC;&#x153;Saskatchewanâ&#x20AC;&#x2122;s largest commercial real estate companyâ&#x20AC;?

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REGINA CONNECTION! MOTELS 22 unit Bonnyville 24 unit Drayton Valley

RETAIL INVESTMENT OPPORTUNITY REGINA, SASKATCHEWAN

BOOMIN oil and Gas area! 24 Agassiz - great opportunity revenue up! Craven! Great Sask motel! 9 unit plus licensed restaurant! 7100 sq ft retail on major street in Regina $789,900 14000 sq ft two storey ofďŹ ce $1690000 Commercial condo bays.. 1500 + sq ft. Start construction MAY 15.4 acres in City Weyburn Oil and Gas approved for RES development/multi family !! 1.25 million Wanted APT Blocks 24 units +

Ajit Matharu 306-581-3130

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)DEALLYLOCATEDINTHEHEARTOFTHEEAST2EGINARETAILCORRIDOR &ULLYLEASEDCOMMERCIALMULTI TENANTBUILDING )NCLUDESAFREESTANDPADBUILDING  SQUAREFEETOFRENTABLEAREA ACRESOFLAND Asking Price: $4,795,000

Joe Trudelle jtrudelle@ay-sk.com

Dale Griesser dgriesser@ay-sk.com

Avison Young Commercial Real Estate (Sask) Inc.

306-359-9799

Email: ajitregina@gmail.com

For more information visit our website

HOMELIFE CRAWFORD REAL ESTATE

www.avisonyoung.com

SASKATOON APARTMENT $3,600,000 Superior Location - 238 Main Street, Saskatoon SK - quiet residential street in soughtafter neighborhood - open and sunny corner lot - boulevards and meridians on two sides - three blocks to river and Broadway Ave - within walking distance of downtown and university Maintenance-Free Structure - masonry construction - 50-year cottage-style steel roof (R50) - many other energy-efďŹ cient upgrades - smoke-free and pet-free property - 17 years of continuous upgrades and improvements - 18 large and bright, well laid-out suites

Contact

DOUG 306-222-5676 saskprime2@sasktel.net


B26 Manitoba

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Look up, way up, for ads

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elling advertising space atop an office tower could be a way to maximize a landlordâ&#x20AC;&#x2122;s income. That is the thinking behind Creswin Propertiesâ&#x20AC;&#x2122; decision not to sell the naming rights to 201 Portage in downtown Winnipeg. Instead, Creswin has to decided to lease the space at the top of its 33-storey building, which has previously been known as Canwest Place, Canwest Global Place and TD Centre over the past quarter-century, for what will undoubtedly be Winnipegâ&#x20AC;&#x2122;s highest-profile billboard. Terry Orsulak, senior property manager at Creswin, said the company is stepping into uncharted territory with this billboard concept, which is new to Winnipeg. â&#x20AC;&#x153;Itâ&#x20AC;&#x2122;s a very prominent opportunity to have a billboard in a location where nobody else could. There hasnâ&#x20AC;&#x2122;t been another location in the city that has been selling the rights at the top of a building,â&#x20AC;? he said.

be done. â&#x20AC;&#x153;Movie Village has managed to capture a large piece of a shrinking pie, but Iâ&#x20AC;&#x2122;m afraid there isnâ&#x20AC;&#x2122;t much left to capture anymore. Weâ&#x20AC;&#x2122;re anticipating a continuing trend,â&#x20AC;? he said. The flurry of activity was caused by Shoppers Drug Mart, which knocked over the first domino earlier this year when it bought Movie Villageâ&#x20AC;&#x2122;s building. An adjacent Vietnamese restaurant, Vi-ann, must also move, though its owners havenâ&#x20AC;&#x2122;t yet been able to secure new space. Shoppers plans to knock down Movie Village and use the space to more than double the size of its 10,000-square-foot location. Osborne Village was named Canadaâ&#x20AC;&#x2122;s best neighbourhood in April after an online vote through the Canadian Institute of Planners.

Jets beat all NHL in gear sales

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he Winnipeg Jets may not have made the playoffs this year, but the hockey team did finish first in the NHL in one category: sales of licensed merchandise. The pronouncement comes as no surprise to anyone in the Manitoba capital, where the teamâ&#x20AC;&#x2122;s logo has become as omnipresent as images of Che Guevara in Cuba. Thousands of different items, ranging from jerseys to hats, T-shirts, beer mugs, cufflinks, dog beds and tissues, have flown off the shelves since the logo was launched last July. â&#x20AC;&#x153;The Winnipeg Jets brand [is a] resounding retail success, ultimately resulting in he only movie store in â&#x20AC;&#x153;Canadaâ&#x20AC;&#x2122;s best the highest sale of licensed product of any neighbourhoodâ&#x20AC;? lives to fight another team in the NHL in the 2011-12 season,â&#x20AC;? day, but barely. said Norva Riddell, senior vice-president of Movie Village, an Osborne Village institusales and marketing at True North Sports & tion in Winnipeg, known for its diverse colEntertainment. (The NHL does not release lection of independent and rare movies for the specific sales figures of different teams.) nearly three decades, is moving in with its The Jetsâ&#x20AC;&#x2122; impact continues to be felt in sister retailer, Music Trader. downtown Winnipeg as well, where the teamâ&#x20AC;&#x2122;s Movie Village is moving out of its former 5,000-square-foot space and into 1,400-square arena is located. CentreVenture, the cityâ&#x20AC;&#x2122;s downtown redefeet as it teams up with another retailer velopment agency, just announced plans to struggling to stay afloat in the digital age. make the central business district a more David Ringer, whose family owns both vibrant and desirable destination. locations, admits that, although the move is Starting in August, the first phase of a new â&#x20AC;&#x153;fairly dramatic,â&#x20AC;? itâ&#x20AC;&#x2122;s something that had to

Digital age claims video victim

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347 Marion Street FOR SALE

4675 Sq Ft, Manigotagan, Manitoba

Âź mile RIVERFRONTAGE - 155 acre Sub-dividable lot Owned right to the waters edge, 4675 sq ft 4 BR Great for Bed & Breakfast or as a Private Retreat. Sell the other lots & the house pays for itself. Drilled 400 ft well. Stunning home, cedar int w/hrdwds & tile. Indoor greenhouse/root cellar, multiple outbldgs incl 32X56 steel bldg, and 32X24 insul garage. $574,900

ATEAH REALTY LTD MELODIE ATEAH BROKER/OWNER

1-866-755-5406 SHANNA 204-754-7575 OR 204-481-3575 w w w. a t e a h r e a l t y. c o m

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he nicest office space between Calgary and Toronto is preparing to welcome a new tenant for the first time in a couple of decades. The top three floors of 201 Portage, the tallest skyscraper at Winnipegâ&#x20AC;&#x2122;s famous Portage and Main intersection, will soon be home to RBC-Dominion Securities (RBC-DS). The brokerage arm of Canadaâ&#x20AC;&#x2122;s largest bank has signed on to take over the 31st, 32nd and 33rd floors, the longtime former home of now-defunct Canwest Global Communications, as well as part of the 24st floor. In total, RBC-DS will move into more than 30,000 square feet of space this fall, leaving behind its current 24,000-square-foot location across the street in the Richardson Building. Alan Dunnett, branch manager of Winnipegâ&#x20AC;&#x2122;s RBC- RBC Dominion Securities has DS office, said the firm needed the additional space in taken the top three floors in Winnipegâ&#x20AC;&#x2122;s tallest tower. order to accommodate its growing business. All of the top three floors of 201 Portage have been gutted, save a spiral staircase that connects them. Construction has begun and will finish up this summer. â&#x20AC;&#x153;Itâ&#x20AC;&#x2122;s a fantastic space [and] a great building,â&#x20AC;? said Dunnett. â&#x20AC;&#x153;For Portage and Main, which is where we would prefer to be, this was the best space in one of the best buildings.â&#x20AC;? Officials at James Richardson & Sons, which owns the Richardson Building, are already on the hunt for a new tenant to replace RBC-DS.

image for the sports, hospitality and entertainment district will begin. New pedestrian lighting, banners, seating and paving will be unveiled on Donald Street. Over the next three years, the same improvements will be undertaken on an 11-block area at a cost of between $2 million and $3 million.

Manitoba hotels on investor radar

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he sale of four new hotels in Winnipeg last year â&#x20AC;&#x201C; and construction starting on a dozen more â&#x20AC;&#x201C; is evidence that the city is one of the top hotel markets in Canada, according to the 2012 Canadian Hotel Investment Report from Colliers International Hotels. Colliers said buyers are being drawn to

Winnipeg because of the resilience and stability of the economy, the solid corporate base, a healthy convention business and existing and future draws such as the Winnipeg Jets hockey team and the Canadian Museum for Human Rights. â&#x20AC;&#x153;These are all demand generators that will bring people into the city, and thatâ&#x20AC;&#x2122;s what gives investors confidence,â&#x20AC;? said Alam Pirani of Colliers International Hotels. Pirani cited the hotel building boom in Manitoba as further proof of the confidence investors have in the local market. More than a dozen new hotel projects have been announced in the past year, including new builds and redevelopment. â&#x20AC;&#x153;Investors feel itâ&#x20AC;&#x2122;s a very stable market,â&#x20AC;? he said. The Colliers report said 2011 was a strong year for hotel deals, with four sales in Winnipeg worth a total value of $39 million.â&#x2014;&#x2020; â&#x20AC;&#x201C; Compiled by Geoff Kirbyson

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WESTERN INVESTOR JULY 2012 www.westerninvestor.com

billion in 2012. The three fastest-growing restaurant categories are QSR yogurt, QSR Mexican and casual Asian formats. Nationwide, more than 60 per cent of restaurant sales in Canada can be attributed to chain operators. Although Ontario and Quebec have the greatest commercial foodservice sales, chain penetration is lowest in Quebec and greatest in Atlantic Canada. Despite having the greatest population, Ontario has only the third-greatest commercial foodservice sales per capita ($1,439.64) after Alberta ($1,897.93) and British Columbia ($1,711.90). Quebec has the second-lowest per-capita sales ($1,256.43) after Manitoba ($1,156.66). Last year, nearly 1,500 restaurants closed, primarily independent operators, while chains remained relatively stable. Only two provinces had a net increase in restaurant units: Manitoba and Alberta.

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uick-service restaurant (QSR) outlets will likely see the greatest sales gains in the years ahead even as full-service restaurants (FSRs) become less popular, according to the first annual Canadian Chain Restaurant Industry Review, an extensive research report commissioned by GE Capital and compiled by fsSTRATEGY and NPD Group Canada. Today, QSRs capture 64 per cent of total foot traffic and 44 per cent of all sales at commercial restaurants, while FSRs see 25 per cent of traffic and 49 per cent of industry dollars. â&#x20AC;&#x153;As the economy moves from recovery to expansion Canadians are feeling somewhat less cautious about spending at restaurants,â&#x20AC;? according to Ed Khediguian, GE Capitalâ&#x20AC;&#x2122;s senior vice-president of franchise finance. â&#x20AC;&#x153;Restaurant operators who understand what consumers are looking for in their dining experience will be able to earn a greater share of wallet in the coming years. That includes high-quality fresh foods, smaller portions, healthier options and ethnic twists for those in urban centres who have sophisticated palates.â&#x20AC;? The report forecasts that commercial foodservice traffic will grow by an average of 1.7 per cent annually from 2012 through 2016, modestly outpacing annual population gains of 1.1 per cent. The most frequent users of restaurants remain Canadians aged 18 to 34, although their visits declined from 2008 to 2011. The only group that saw an increase in restaurant visits over that same period was those over 55 years of age, who are visiting QSRs more than before. Canadian foodservice-industry sales are expected to increase by 3.1 per cent to $65.4

Restaurants expand into airports

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wo well-known Vancouver-born franchise restaurants are targeting airports for expansion. Skyway Ventures, in partnership with the Kelowna International Airport, is converting the existing Skyway lounge in the terminal to a White Spot restaurant. Visitors will be able to visit the Spot just before going through security. There is already a White Spot in the post-security area of the airport. Full-size White Spot franchises require a capital investment around the $900,000 mark, with an initial franchise fee of $75,000. Meanwhile, Vancouver- based Browns Socialhouse is expanding into Bellingham, WA, with the announcement of a new restaurant near the Bellingham airport named

marketing your franchise? WEST ERN

INVESTOR

OCTOBER

2009 www.w

ignarama, a worldwide franchise system numbering over 900 locations, was opened in 2007 and has become one of the top sign locations in Canada. The company plans to open its latest, and largest, B.C. location in Richmond on August 1. Franchisee David Newman, a Richmond resident, said the company now lists major local clients such as Caya, Telus, Steve Nash Fitness World, Tourism Signarama opens largest B.C. outlet this Richmond and a number of retail out- summer in Richmond. lets. Its signs also helped brand the 2012 Winter Olympics. â&#x20AC;&#x153;Much of our companyâ&#x20AC;&#x2122;s success to date is due to a dedicated staff with decades of sign experience,â&#x20AC;? said Newman. â&#x20AC;&#x153;We needed a larger location and the unit weâ&#x20AC;&#x2122;re moving into at No. 6 Road at the corner of Mayfield is for us to manage our growth.â&#x20AC;? Signarama is owned by Florida, USA-based United Franchise Group, which itself manages 1,400 franchise locations in 50 countries. Signarama is its signature franchise brand. The master franchisor for Canada is Signarama Canada, located in Toronto. There are over 30 locations in Canada, including eight in B.C.â&#x20AC;&#x2122;s Lower Mainland. An initial Signarama franchise fee costs $44,500 and includes all marketing materials, collaterals package and six weeks of training, two in Florida and four on site at the franchise location. The equipment package costs $120,000 and franchise agreements are good for 35 years with capped royalties. Scotty Browns. Browns already has one restaurant in Bellingham located in Barkley Village, which was opened in 2009. This new restaurant will be located in the recently completed 20,000square-foot area of the airport. Browns opened its first restaurant in 2004 in North Vancouver. The cost of a Browns Socialhouse franchise is approximately $120,000.

LGI new manager growth oriented

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enny Rolfe has big expansion plans as she joins Maple Ridge, B.C.-based LGI Industrial & Construction Supplies as vice-president of franchise development. LGI, founded in 2003, is the only industry franchise of its kind, distributing everything from safety equipment to welding supplies.

NEW Franchise Opportunities !

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News, view s and upda tes on Cana daâ&#x20AC;&#x2122;s franc hise industry

White Spot to 12 new outletsadd

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Only 60 min. from Winnipeg, this 2385 sf bldg is in a high traffic area on the main road. Featuring gas, grocery, deli, propane exch & lge loading/storage area. Modern kitch/prep area w/walk in cooler, + 2nd kitch/takeout area. Incl most fixtures & equip. Endless possibilities! $224,900

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CFA picks top trends

â&#x20AC;&#x153;I have no doubt that Jenny will very quickly become a key force in the growth of our franchise operations across Canada and around the world,â&#x20AC;? said LGI president Greg Porter, noting that Rolfe has 12 years of industry experience, including a stint with Acklands Grainger. â&#x20AC;&#x153;We have plans to open 15 locations in the next two years and 170 locations across Canada in the next 15 to 20 years,â&#x20AC;? said Rolfe. â&#x20AC;&#x153;We are the only franchise opportunity in the industrial supply industry.â&#x20AC;? LGI franchise fees for a brick-and-mortar location are $45,000, which includes rights, logos and support from its corporate network. Ten days of training are also provided at its Maple Ridge headquarters, as well as manuals and ongoing training. LGI also offers mobile franchises in remote areas. These come with a reduced cost of ownership. of around $30,000.â&#x2014;&#x2020; â&#x20AC;&#x201C; Compiled by Kevan Oâ&#x20AC;&#x2122;Brien

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