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COMMERCIAL REAL ESTATE, FRANCHISES AND BUSINESS OPPORTUNITIES

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

$4.29 october 2012 Vol. 27/issue 10

WORTH FIGHTING FOR Sgt. Kelly Turcotte joins 500 Rangers in military exercises at Churchill 25

FOR SALE Spectacular, architecturally designed, 52,000 sq ft concrete structure with highway frontage on 73 acres, 45 minutes southwest of the Edmonton Airport and 6 minutes from the city of Camrose. Originally designed as a world class equestrian facility. At this stage of construction, this building has the potential for a number of commercial applications. Offered at $2,900,000. Two additional parcels, including 160 acres of farmland, and house and shop on 80 acres, are available. See MLS® CA311538 Coldwell Banker Battle River Realty 4802 49 St, Camrose, AB T4V 1M9 Office: 780-672-7761

Call Bob Affleck, Realtor

780-608-9170

Each office is independently owned and operated

www.coldwellbanker.ca

12 NEXT FORT MAC

Cold Lake’s soaring land values echo $2B oil play

3 7 15

WHAT’S INSIDE TERRACE ON THE MOVE FORT SASKATCHEWAN

21 ALBERTA REPORT 23 SASKATCHEWAN 27 FRANCHISE NEWS

westerninvestor.com news archives reports updates

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c s b

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B2 Interior British Columbia INTERIOR MOTELS

Merritt BC

www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

BUSINESS AND INVESTMENT OPPORTUNITIES • 130 Acres Industrial Property – Hwy & Rail Access $995,000

• Double D Motel - 16 1 bdrm units plus a managers suite $585,000

Houston BC

• Pleasant Valley Motel - 51 units with leased restaurant • Houston Motor Inn - 54 units with a restaurant & 18 site RV parking area

Call for packages and information KamKSahota.com Kam K. Sahota

• Commercial Lot Cache Creek – 306 ft. Hwy frontage $179,000

KAMLOOPS, BC & AREA • Future Mobile Home Park - Clearwater, BC – 15 ac + 2.7 ac, Hwy Comm. Reduced to $224,900

$90,000

• Investors – Great Potential – 5 unit mini mall + ¾ bsmt partly finished w/ bachelor suite, & extra lot to expand. All on hwy frontage in Barriere, BC. Reduced to $349,900

• Kamloops – 6100 sf bldg. Large yard

$995,000

• Kamloops – 2 Tenants – 8.5% Cap

$450,000

• Cache Creek – Hwy Frontage – Secure Yard

$369,000

• U-BREW Business – Great little bus, owner retiring. Only U-Brew in the area – Chase, BC. Excellent community to work & live in. Business has won many awards. Incl: business, equipment, leasehold, improvements. $119,900

• Well known franchise – home cleaning business. COMMERCIAL BUILDINGS

DwIGhT VOS

phone: (250) 554-4511 toll free: 1-866-456-0577 Best-West Realty ltd. kamlOOPs email: dvos@kadrea.com

604-614-1015 1-888-355-6771

sahotakam@gmail.com Showplace Realty Ltd.

Profitable BC Interior Business!! 1. Towing Company, in business for years, new equipment, BCAA & ICBC contracts, makes excellent return. 2. Mechanical business, over 20yrs strong, up to date equipment, includes EVERYTHING, make $$ first day.

3. Over 2 ac Hwy 3 frontage, nearly 7000 sqft building, excellent value, 2 bdrm suite, recent construction.

Take your pick - Buy any 1 or All 3. Owner May Finance Doug Haayer 250-295-1585 dhaayer@gmail.com www.doughaayerproperties.com Princeton Realty

• Kamloops city center building for sale – Approx. 2133 sq.ft. on the main floor plus full basement. $550,000 • 14 unit motel – Clearwater, BC – 8 attached units + 6 separate cabins, plus office with owners’ suite. On 3.26 acres along river channel. Buildings are in great condition. Monthly rentals plus daily summer rentals. $549,900 • Trucking – Cartage Business: Over 40 years in business. Price includes 7 trucks, forklift, storage containers, office, 2.07 acres & business. $480,000

ACREAGEs & BUIldInG loTs • Prestige subdivision, sweeping view lot – Aberdeen $299,000 • Lakeview Shuswap Lk. Eagle Bay – 1 acre lot – hook-up for water, power at road Reduced to $115,900 ATTEnTIon BUIldInG ConTRACToRs – ongoing development w/premium residential lots – some approved w/suites, starting at $135,000 some w/views. Kamloops, BC

Call MARVIN MATT

1-250-319-8784 KAMLOOPS REALTY LTD.

mmatt@shaw.ca

www.realestatekamloops.ca

KOOTENAYLAKEVILLAGE

SHUSWAP LAKE #21 - 4354 Copper Cove rd, SCotCh Creek BC

Spectacular view of Copper Island and the Shuswap Lake.Property has been extensively renovated with an open concept on the upper level. The basement has been fully finished with a Sauna and set up for a small business.Property offers privacy,quietness lots of room for your toys on the 1+ Acre.The enclosed Sunroom is equipped with a Hot Tub for your relaxation.Easy access to the water via the cable lift or enjoy a short walk to the Beach and enjoy the amenities of the strata. MLS 10042806 $949,000

305 - ShuSwap ChaSe Creek rd ChaSe BC

Fantastic valley & river views! Overlooking the South Thompson River, this executive home 13 acres allows for country living & ultimate privacy, yet it’s just minutes from Chase and 45 minutes from Kamloops. This south facing, level entry 4-bedroom, 3-bathroom home has a large open kitchen, dining & living room, all boasting panoramic views. Huge master suite with gas fireplace, deck, luxurious 6 piece ensuite bathroom & walk-in closet. Bright walk-out basement with 2 large bedrooms, spacious family room, full bathroom, & plenty of storage. KADREA 109508 $679,000

See all my Listings on okanaganshuswap.com

TREV MANZUIK 250-833-8771 OFFICE: 250-832-7051 TF: 1-888-676-2435 RE/MAX Shuswap Realty Salmon Arm, BC

Live in Nature. Play in Nature.

An Investment Opportunity Like No Other

Kootenay Lake Village, one of the most acclaimed real estate projects in BC, is seeking investor and partner opportunities to help build on its success and maximize future opportunities. Oliver Berkeley oliver@kootenaylakevillage.com 250-509-3377

Colliers International Centre Group Commercial Realty Kelowna, B.C. 250.763.2300 www.colliers.com/kelowna NEW LISTING

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

NEW LISTING

OKANAGAN GOLF COURSE

3500 – 27th Street, Vernon

3.1 acres / 24,000 sf building located on a high traffic corner. List Price : $5,600,000 CHAd BiAfore

Mature, profitable 18 hole course; 50+ acres with clubhouse, restaurant & lounge. Surplus development land List Price: $6,900,000 M. McAnerney* / J. HudSon*

FULLy LEASED iNDUSTRiAL STRATA UNiT new 5 year lease in place. CAP rate 6.5%. 8 year old building. List Price: $1,013,000 CHAd BiAfore / M. McAnerney*

RESTAURANT OPPORTUNiTy DOWNTOWN KELOWNA (MULTi TENANT)

10,480 sf, single story building. Zoning allows for 12 stories. 6 tenant spaces. List Price: $1,450,000 ($138 psf) Jeff HudSon* / M. McAnerney*

955 TiMMiNS ST, PENTiCTON

108,000 sq ft warehouse w/existing storage business income. Centrally located amid multiple redevelopment opportunities. Adjacent Canadian Tire, oK College & Kings Park List Price: $5,950,000 MiKe GeddeS*

Modern, upscale restaurant & lounge with outdoor patio, located in the Lower Mission area of Kelowna. near resorts and recreation amenities. List Price: $949,000 MeGHAn o’MArA / eriC WeBer*

OKANAGAN iNCOME PROPERTy fully leased including government tenant. 7.16% CAP rate List Price: $1,899,000 J. HudSon* / M. McAnerney*

DOG & CAT KENNEL North Okanagan Well established kennel, grooming centre & training facility with agility yard on 7.26 acres w/ hwy frontage. Potential for horse boarding & additonal out buildings. newer 3 bd/ 2 bath residence (1,500 sf). List Price: $900,000 JAMeS BroWn


contents october 2012

interior b.c. • alberta • saskatchewan • manitoba section

FEATURES 25 ON THE COVER Good and bad news in Churchill

On the cover Ranger sergeant Kelly Turcotte on duty near Churchill: port fears end of wheat board may stifle shippping. Photo: Corporal Tina Gillies

Less ice for shippers, but wheat flow could slow at port

7

Terrace plays central role in northern boom Major Vancouver retail developer spots an opportunity

12 Cold Lake starts to act like Fort McMurray

Soaring land values, higher rents and a $2 billion oil play

15 Fort Saskatchewan “a better deal”

Land prices and taxes lower than in Edmonton

sPECiAL sECTiON • A14 LIFESTYLE PROPERTIES

AdvERTISING dIRECToRy 2–11 iNTERiOR/NORTHERN b.C. 12–22 ALbERTA 23–26 sAskATCHEwAN & mANiTObA 27 FRANCHisEs MoRE oPPoRTuNITIES …

COLUMNS 21 WHAT’S HAPPENING IN ALBERTA 23 WHAT’S HAPPENING IN SASKATCHEWAN 27 FRANCHISE NEWS

• LOwER mAiNLANd, b.C. • VANCOuVER isLANd … sEE sECTiON A

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

HIGH EXPOSURE, CENTRAL LOCATION 0.63 ACRES COMMERCIAL DEVELOPNEW TILT UP INDUSTRIAL BUILDING INDUSTRIAL LOCATION ON BUSY & GORGEOUS BUILDING 1,569 - 7,295 SQUARE FEET ROSS ROAD IN WEST KELOWNA MENT LAND - WEST KELOWNA, B.C. Turn-key retail space available with 1,500 - May be possible to purchase 1.26 acres. Approx. 4,600 square feet in a multiple 3,000 square feet. This unit already has a tenant industrial building available for lease. Lease Space on McCurdy Road. This bare land development piece can retail showroom, warehouse space, a rear accommodate numerous commercial retail Air conditioning, gas fire, forced air, electric, This unit also comes with approx. 1/2 an overhead door and a 2-piece washroom. and professional uses. There are already 200 amp., 3-phase power all available. acre of bare land suitable for outdoor storage. multiple neighbouring national tenants. Asking: $19.00 psf plus CAM MLS® Asking: $12.50 psf plus CAM MLS® Asking: $9.00 psf plus CAM MLS® Asking: $529,900 + HST MLS® APPROXIMATELY 115.68 ACRES LAND ASSEMBLY IN NORTH GLENMORE/UNIVERSITY DISTRICT

McLAUGHLIN COMMERCIAL GROUP RARE, NEW FEE SIMPLE MIXED BUILDING

+/- 6,581 SF - 6 STRATA UNITS

Newly constructed corner fee simple mixed use building is completed. 3 residential and 3 commercial strata units. Full Building: $2,000,000 plus HST Commercial Only: $1,200,000 plus HST

COMMERCIAL REAL ESTATE PORTFOLIOS KEN McLAUGHLIN KRIS McLAUGHLIN 250.870.2165 250.870.7845

ken@commercialbc.com

kris@commercialbc.com

www.CommercialBC.com

RE/MAX Kelowna - #100 - 1553 Harvey Avenue, Kelowna, BC, V1Y 6G1

Minutes from Kelowna’s International Airport. One side abuts golf course in Quail Ridge. Gravel Pit is a permitted use! 70.80 Acres - Lot D 15.63 Acres - Lot 1 11.62 Acres - Lot 9 9.10 Acres - Lot 10 8.98 Acres - Lot 8

$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.

Asking: $8,132,800.00 MLS®

INVESTOR ALERT - AAA NATIONAL COURT ORDERED SALE HIGH EXPOSURE - CENTRAL KELOWNA KELOWNA DEVELOPMENT SITE TENANT IN PLACE RECREATIONAL DEVELOPMENT SITE 1.78 ACRES PRIME DEVELOPMENT WITH C2 ZONING POTENTIAL LAND Industrial strata unit with approx. 1,282 Listed at half of a recent appraisal. Approx. Approx. 1.13 acre corner development Located at the corner of Spall Road and site. Existing plans call for approx. 13,244 square feet and new improvements in 7.05 acres with highway exposure. Posplace. Priced below assessed value and a sible to rezone to light industrial. This site Enterprise Way lending itself to be one of square feet of rentable space. This has been terraced with a significant amount the best undeveloped commercial pieces opportunity is in an area with next to no AAA Tenant with a lease in place for over 4 left in Kelowna. more years! of on-site servicing already in place. professional office space. Asking: $1,600,000.00 plus HST Exclusive Asking: $3,999,000.00 plus HST MLS® Asking: $1,595,000.00 MLS® Asking: $189,900.00 MLS®


B4 Interior British Columbia

Great mobile home park potential

www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORW

1274 McGill Road FOR LEASE Build To Suit

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

Contact Quintin @ 406-375-4280 or email Quintin@foxlumber.com

O K A N A G A N – B .C . I N T E R I O R I N V E S T M E N T

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

MOBILE HOME PARK - NORTH OKANAGAN

• 65 Sites • Situated On 22.88 Acres • Community Water • Full Occupancy Last 20 Years • Close to all Amenities • Same Owner 30+ Years • OCP Allows Future Redevelopment Potential • Shows 6.0% Return Asking Price $3,500,000

INDUSTRIAL BUILDING - PENTICTON - FOR SALE OR LEASE • • • • • •

CHRISTINA LAKE CAMPGROUND MOTIVATED SELLER • 75 Sites with Full & Partial Services • 4.91 Acre Nicely Treed Property • Close to large public beach • Easy access off Highway 3 • Full facilities including pool • Operates May 1 to September 15 • Perfect for semi retired couple • First time on market in over 20 years Asking Price $599,000

.89 Acre site 16,000 +/- Sq. Ft Concrete Building 824 Sq. Ft. Office Area 3 - 16 Ft. High Overhead Doors 2 Enclosed Loading Docks Fully Fenced Yard Asking Price $1,599,000

DEVELOPMENT SITE GRAND FORKS • 2.0 Acre Level Site • Zoned for single family or duplex lots • Civil engineering done for 9 lot single family subdivision Price $299,000

VERNON SELF STORAGE BUSINESS OPPORTUNITY YOUR CHOICE OF TWO PURCHASE OPTIONS • 2.71 Acres • Room for Expansion • High Exposure Location • 262 Units plus 81 Storage Containers • Manager's Residence • B.C. Top 10 U-Haul location • Gross $495,000 +/- • Excellent Net Income • Seller may carry first mortgage Option 1 Business Only Lease Land 9.5% Rate of Return Price $1,899,000

Option 2 Business plus Land & Buildings 7.7% Rate of Return Price $4,199,000

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.

Owner looking to add a second building to this very desirable location in Southgate Industrial Park – up to 80,000 sq.ft. Are you looking to relocate or expand into Kamloops? Continuing growth in mining and exploration are contributing to economic growth in Kamloops. Call for more details. Mona M. Murray Dip. ULE, RI (BC), CPM 250-372-2277 mona@mcmrealestate.ca

www.mcmrealestate.ca

vernon & area

T r a D e S C o n S I D e r e D o n S e Le C T P r o P e r TI e S

GarDen CenTer/nUrSerY/HorSe SeT-UP In heart of Coldstream Valley! Turn key operation! Steady Growth! Equipment, automated Green house, vehicles, updated home w/suite & office. 20 level prime, productive, irrigated acres. Buildings and paddocks for your horses! $1,249,000 MLS® oKanaGan ranCH-DeveLoPMenT PoTenTIaL 681 acre Ranch (or potential development) 20 minutes from Kelowna International Airport & City of Vernon. Adjacent to world class Predator Ridge Golf Course and Sparkling Hills International Resort. Rolling, open and treed land w/some stunning Kalamalka Lake views. 180 acres out of ALR. $6,495,000 MLS® DoWnToWn CoMMerCIaL BUILDInG Prime downtown location by Court house, new law offices, new library! 6630 sq.ft on one level. Easily demised interior. Secure under ground parking. Easy access. $1,695,000 MLS® ServICe CoMMerCIaL Level .9 acre and 10,900.sq.ft. building-currently in 4 units. Easily adapted. Fenced compound. Highway and side street access and exposure. PRIME, fast growing location by Mall and new office complex. $1,290,000 MLS® GeneraL InDUSTrIaL 2.98 level acres at junction of Highway 97 and 97A. High Visibility! Easy frontage road access. Rail access. Ideal for Manufacturing. $849,000 MLS® HIGHWaY ToUrIST CoMMerCIaL High Highway visibility. Easy frontage road access. .45 acre and 2 storey 5446 sqft. concrete building. Owner’s suite above. Busy neighbourhood of car/boat/RV dealerships and bulk service stations. $489,000 MLS® C4 ProPerTY Ideal for coffee shop, gift shop, retail, professional services! High visibility on main street. Easy access from side street. On site paved parking. Renovated home w/walk-in cooler $399,900 MLS® CoLDSTreaM orCHarD One of Valley’s finest! 18 nearly level acres in full production. Newest apple varieties Fully deer fenced. Automated irrigation. Deluxe shops and storage facilities. 4 bedroom home w/nanny suite, pool, hot tub set in manicured grounds. Creek. Walk to schools and beach. $2,680,000 MLS® OKANAGAN LAKESHORE ! KALAMALKA AND OKANAGAN LAKES – HOMES, LOTS, STRATA AND VACATION HOMES! TIME TO BUY IS NOW! ASK FOR YOUR CUSTOMIZED EMAIL PACKAGE!

1-800-317-1118 or 1-250-549-7050

www.okanaganhomes.com Fax: 1-250-549-1407 Priscilla & co. Re/Max Vernon

info@okanaganhomes.com 5603 27 St., Vernon, BC V1T 8Z5


Interior British Columbia B5

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com

COMMERCIAL DIVISION

250-763-4343 1-888-535-6962

Horizon Realty Kelowna

Gary Bowker Tim Down

MULTIFAMILY

FOR SALE

42 Unit Apartment Building, Penticton Penticton apartment building

3-1980 Bredin Road, Kelowna BC

21 - 2 bedrm, 15 - 1 bedrm & 6 bachelors. Recent upgrades stable cash flow with upside for revenue growth.

MLS® 10049223

with 42 units, 27 - 2 bdrm, 9 - 1 bdrm, 6 bachelors, plus 2 offices, major reno’s in 2007-2008, good cash flow, RM3 zoning, Exclusive listing

G SALE PENDIN

LAND OPPORTUNITIES • 5225 Highway 97 N, Kelowna 3 acres with 469’ of frontage, non– ALR land near Kelowna International Airport and UBCO MLS® 10009764

• 1740 KLO Road, Kelowna

9.2 acre vacant parcel centrally located in the Mission area of Kelowna with over 700 feet of road frontage on upgraded 4 lane road currently in the ALR and farmed MLS® 10042769

• Appleway Blvd, West Kelowna

$495,000 MLS® 10052185

• 4607 Princeton Ave., Peachland

• 6708 Fenner Street, Summerland

• 5944, 5948, 5968, Hwy 97 S, Peachland

• 7974 Silverstar Road, Vernon

2.09 acre lake view site. Great acreage estate site or hold and develop with medium density residential. MLS® 10053205

3.07 acres of prime highway development land across from Okanagan Lake, close to downtown Peachland and across from boat launch. MLS® 10014647

7 lot residential subdivision (R2 -duplex zoning) in West Kelowna with lake views near Mission Hill Winery MLS® 10042571

Commercial Lot

TIM DOWN 250-864-9140 tim@timdown.ca

LOCATION! LOCATION! LOCATION!

• High quality concrete building • Central Kelowna location • One storey unit with show room and mezzanine • 1,775 sq ft on main, plus 690 sq ft mezzanine • 10’ x 14’ overhead door • C - 10 Zoning, commercial mixed • Lot 10 - Westside Landing • 1.5 acre Commercial lot • Desirable “Business Park” zoning • Fully serviced to Urban Standards • Adjacent to the Real250-763-4343 Canadian SuperGARY BOWKER store, in West Kelowna gbowker@coldwellbanker.ca • Leasehold interest

56 acres of south facing slope offering panoramic Okanagan Lake and valley views, Perfect for a private estate with potential vineyard areas. Exclusive Listing 40 acres with approval for subdivision into 7 estate lots with panoramic lake, city, and valley views MLS® 10044953

Bill Raine

Experience is the Difference!

• Sales • Leasing • Investment • Business • Consulting

G SALE PENDIN

Ed Lugossy

$900,000 $XXXX MLS® GARY BOWKER 250-763-4343 gbowker@coldwellbanker.ca

CARRINGTON BUSINESS PARK

• Prime Lakeview Acreage • 5.0 acre development site • Close to new HWY 97 interchange • Endless opportunities... hotel, casino, apartments

Highway 97

Offered at $4,000,000 MLS® 10053563 Contact

Bill Raine 250-870-6210

RESTAURANTS

Kathryn Newell 250-869-6120

LEASING OPPORTUNITY

Great Opportunity To lease space. Former restaurant site. Great traffic on Main Street in the heart of West Kelowna downtown area. Currently vacant, easy to show. MLS® 10050440 Peachland Restaurant Fully updated, equipped restau- Some equipment available. $1750/month MLS® 10051927 rant with bonus one bedroom suite at rear of building. Outdoor patio seats 20, indoor dining room seats 40. Prominent Lease Space Prime Hwy 97 N $3750/month MLS® 10053001 location. Very busy mall in heart of Lake Subcity Donair New and existing locations available throughout BC. Join the hottest new franchise Country. $13.00 per sq ft MLS® 10053004 concept. Full Training provided, low start-up fees

Lease Purchase available - 1500 sq ft to 12,500 - Build to suit Call Ed for Quote 250-870-2801

ONE BLOCK FROM WALMART

Japanese Restaurant Newer small restaurant in the heart of Glenmore. Great exposure in primarily residential area with little competition. Current use is Japanese. washrooms, nice decor. Must be sold. $60,000

Exclusive

New Listing Owner retiring and priced to sell. Excellent exposure in heart of West Kelowna. Buy equipment and leaseholds, great lease. $45,000 MLS® 10054129

BILL RAINE 250-870-6210 braine@coldwellbanker.ca

Service Commercial or Office Professional We will build to suit your needs ED LUGOSSY 250-870-2801 elugossy@gmail.com

www.bccommerciallands.com


B6 Interior British Columbia SALMON ARM, B.C. Reduced to $359,000

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 sixplex. 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 250-833-2129

KAMLOOPS

NEWEST WINE REGION OF BC Offered for sale: 10 acres (2 titles) south sloping, excellent water (underground irrigation) 4630 sq ft custom home breath taking views. MLS® 111415 Asking $1495000. Visit www.garyirelandrealty.ca

FOR ViEWiNG

GARY IRELAND gireland@remax.net

DEVELOPMENTAL LAND AND

GOLF COURSE FOR SALE CED

IN THE BEAUTIFUL BC INTERIOR

EDU ICE R

PR

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

Dwight Vos 250.371.7992 Tracy Mackenzie 250.318.2938

BEST-WEST REALTY LTD. 250.554.4511

SUCCESSFUL BUTCHER SHOP SPARWOOD, BC

• Located in major hunting area • Established for over 30 years • Owners retiring, but will train • $350,000 includes business & building

Rick Pater

PERSONAL REAL ESTATE CORP.

1-877-374-3331

www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

RE/MAX Real Estate Kamloops

250-425-5432 Elk Valley

FOR SALE: 8,800 Sq.Ft. buiLding in cEntRE OF Lumby

Two tenants (Fields, IDA Pharmacy). Net Income: $54,000 p.a. +/Asking: $745,000 (7.25% Cap)

fraser elliott 604.728.2845 fraserelliott1@gmail.com RE/MAX Progroup Realty

LIST

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

$588,000

Commercial building in the heart of downtown Fernie, BC

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

$2,935,000

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

re/MAX elk VAlley

1-800-661-6988

250-423-1520

lorAlee thoMAs 403-807-3086 re/MAX elk VAlley

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

DEVELOPMENT OPPORTUNITIES IN THE SUNNY OKANAGAN

DEVELOPMENT PROPERTY PENTICTON, BC

2.25 acres, great location, 5 min walk to mall, rec, medical services. Potential 3 buildings at 11 storeys each = 231 doors OR Senior care. $3.2 Million. BOB PARTRIDGE 1-877-490-4677 bobpartridge@shaw.ca

MLS® 10043442 $799,000 1600 Mountainview Avenue, Lumby, B.C. Attention Developers, 24.19 Acres of development land at the entrance to the Village of Lumby. Parklike property gently rolling with a good selection of trees and fantastic views. Preliminary work done for a 45 lot subdivision in 3 phases. A short 20 minute commute to Vernon.

DARLINE SCOTT 1-888-547-9266 darlines@telus.net www.remaxlumby.com

RE/MAX Lumby

BRISTISH COLUMBIA PANAGO PIZZA BUSINESS $250,000

One Percent Realty Ltd

www.onepercentrealty.com

Profitable Panago Pizza Business, Excellent Location Hwy 22 & 3, Completely turn-key business, Business has been open since 1990 Freshly renovated

K O O T E N AY S Located in a quiet area of Fruitvale, this 24 unit apartment block has a good cash flow with a potential for a lot more. The building sits on a .68 acre lot. The owners have maintained a higher than average vacancy to ensure the right mix of tenants and ease in distant management. The units have had many upgrades over the recent years with any deferred maintenance having been caught up on. Looking for an investment with promise this is the one you should see. Call today for details. Asking $1,400,000 Nine unit Commercial building in the heart of downtown C a s t l e g a r. T h i s exposure rich building boasts 9 rental units, and a 9000 square foot parking lot with total land area of .69 acre. Consistent rental and ongoing maintenance makes this a very good property to consider for your investment portfolio. Possibly add a second floor for more revenue and diversity. Asking $2,495,000 Here is a great opportunity for the family, a semi-retired couple, or non-resident investor. The property is located 7 minutes from Nelson. The 13.8 acre parcel of land is treed, sloping, with some rocky areas. Some potential to subdivide. Of the current 11 pads there are 5 park owned mobiles and 1 house on the property. There is plenty of room for further development of pads or addition of an RV campground. This diverse opportunity should be viewed quickly. Call today for details. Asking $595,000

DAVID GENTLES MLS® 10049984 $990,000 1826 Shuswap Avenue, Lumby B.C. 84.2 acres of Dual-zoned property in the Village of Lumby. 60 acres of farmland, property has 11 acres zoned Industrial, balance is Country Residential. Part in the ALR and sub-irrigated. Development of this property would make a beautiful entrance to the Village of Lumby.

CASTLEGAR

250-354-8225 dave@nelsonrealty.ca

433 Josephine St., Nelson, BC

www.NelsonRealty.ca

QUALITY BUILDING $749,000 High quality architecturally designed building 6530 sq.ft. on the main floor. 1275 sq.ft. mezzanine level. 2 large dock areas totaling 1638 sq.ft. 3 overhead doors, fenced yard. LOCATION LOCATION.... $989,000 At the entrance from Highway 3 and on Highway 22, Excellent drive thru lease space, Stand alone building, Use for a variety of Retail and Restaurant businesses, Full basement MOTEL and RV SITES $1,380,000 Waterfront property!!! 15-unit Motel with 2 park model RV’s & 4 RV sites. Located in Castlegar’s prime central commercial area on high-traffic Columbia Ave., Next to Tim Horton’s & Mohawk Gas Station. HOTEL RESTAURANT PUB $1,688,000 Perfect opportunity for great minds to capitalize on this well-established business consisting of a Hotel, a Restaurant, a Liquor Store and a Pub. Like the building itself, everything is concrete. Awesome location! INVESTOR ALERT !!! $297,000 Just signed new 5 year lease. All steel building 6000 on main floor building 1890 sq.ft. of mezzanine. 2 overhead doors, loading docks.

BARRY BROwN 250-365-9363

or 1-866-336-9363 barry@barrybrown.ca RE/MAX Home Advantage

www.barrybrown.ca


B7

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com

REGIONAL ROUNDUP Terrace shopping centre deal, economic potential, draws major retail developer

Bosa eyes northern horizon fRANk O’bRIEN

Photo: Warrington PCI

WeSTerN INVeSTOr

B

“Sport Check will open in September and Dollarama by October,” said John Chasmar of property manager Warrington PCI. A large Winners outlet is also scheduled. Chasmar wouldn’t confirm rumours London Drugs will be added as anchor, only saying “a new national tenant” has been confirmed. Robert Bosa bought the mall for $3.8 million through Bosa subsidiary Loon Properties Inc. He said the purchase “was a good deal” because of the economic activity that will roar into and around Terrace over the next few years. Chasmar isn’t surprised Lower Mainland investors are looking at Terrace. Numerous planned resource projects in the trading area – including new LNG plants and the $2 billionplus expansion of the Rio Tinto Alcan plant in Kitimat, plus the massive new Northwest Transmission Line – are among the reasons for confidence in the local economy.

Photo: City of Terrace

osa Properties of Vancouver, which purchased Terrace’s main shopping centre, Skeena Mall, last November, is in the midst of a renovation that could run to $8 million and add 160,000 square feet of “like new” retail space.

INSET: Terrace’s Skeena Mall is undergoing multimillion-dollar renovations after being bought by a Vancouver developer. AbOVE: Terrace is the major shopping and service centre in northwest b.C., with highest population growth rate in the region.

Kitimat; 525 jobs were lost, many in Terrace. In 2011, the city had a population of 11,486 – a modest 1.5 per cent increase over 2006. Still, Statistics Canada figures show Terrace was the only large centre in the northwest to grow between those years. “Most people understand that [the new developments] are opening up the north,” said Terrace economic development officer Evan Van Dyk. He had “no comment,” however, when asked about what could be the nucleus for the area’s economic recovery: the multibilliondollar Northern Gateway oil pipeline, which was in the middle of hearings when he spoke with Western Investor.

city council voted to oppose the pipeline project back in February of this year. At the time, Mayor David Pernarowksi said that the majority of Terrace residents are opposed to the pipe. He added that some people in the economic-development community believe that remaining neutral makes more sense, because taking a position could put Terrace in a “precarious position.” Pernaroswki is personally opposed to the pipeline, but suggested the city should have waited until hearings are complete. In an interview with the local newspaper, he said, “It’s tough one. We see the risk. I am currently opposed to the projNew developments ect, because a majority of the First Nations Bosa’s cash injection is welcomed in an area oppose it. I am going to have a hard time hard hit by the downturn in forestry. In 2009, Against pipeline to stand in difference to our First Nations West Fraser shut its Eurocan pulp mill in The mute stance is understandable: Terrace’s community. November would be more

appropriate to bring this before council.” Of greater interest today in Terrace is the construction of BC Hydro’s Northwest Transmission Line (NTL). The line, pegged at a cost of $561 million, will run 344 kilometres from the Skeena substation south of Terrace to the Bob Quinn substation on Highway 37 North. Work is already well underway, with everyone from engineers to bush-clearing crews in play as part of a workforce expected to peak at around 300 before the project completes in early 2014. According to the Mining Association of BC, the powerline could spur millions of dollars in new mine activity north of Terrace, including the $700 million AltaGas run-ofriver hydro project that could lead to the creation of 400 jobs. Last year, AltaGas signed a 60-year agreement with BC Hydro to deliver power to the Bob Quinn Lake grid via BC Hydro powerlines. AltaGas has crews working right now and has spent about $26 million on construction.

Red Chris mine

The first – and perhaps largest – of the mines that will hook in the NTL is Imperial Mineral Metal Corp.’s red Chris mine, which achieved a B.C. mining permit in May. If the mine goes ahead, it’d bring about 250 jobs to the area, many likely based in Terrace. There’s just one glitch: local First Nations are fighting mine development, not uncommon in the northwest.

Please see Bullish page B8

Interior British Columbia COLDWELL BANKER COMMERCIAL WORLDWIDE DEV. PROPERTY

17,000+ SQ FT 13 ELECTRICAL SERVICES, MULTIPLE PURPOSE BUILDING FORMER INCUBATOR $699,000

600 FT OF HWY FRONTAGE FOR AUTO DEALER & BODY SHOP, ETC.

$529,000

HI-END FURNITURE AND APPLIANCE BUSINESS INCLUDING 35,000 SQ FT BUILDING, PRIME LOCATION, OWNERS WANT TO RETIRE

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620 FT. OF BEAUTIFUL BEACH ALL SOUTH FACING NICELY FINISHED 3 BEDROOM HOME. $1,590,000

1ST TRAIL REAL ESTATE LTD.

LEASED BUILDINGS AND STORAGE UNITS. NICELY LOCATED. EXCELLENT SHAPE. 100% FULL. GREAT SELECTION OF TENANTS. $1,290,000 QUALITY INN 48 ROOMS RESTAURANT NICELY LOCATED AT THE CROSSROADS OF THE KOOTENAYS. GOOD VOLUME. $2,190,000

ARLINGTON PUB & RESTAURANTE HIGH VOLUME. THE PLACE TO "EAT IN TOWN"

$1,590,000

LIGHT INDUSTRIAL BLDG 4 LARGE LOADING DOORS. OFFICES & MEZZANINE.

$425,000

AUTO REPAIR BUSINESS ONLY VERY WELL EQUIPPED VENDOR READY TO RETIRE $159,000 (250) 231-5222 (CELL)

www.cbcworldwide.com

(250) 368-5508 (FAX)


B8 Interior/Northern British Columbia

7% Cap Rate long term lease Please call John at (403)827-9044

S H U S WA P Business with Building

GREAT opportunity to own your own business. This 3-storey building contains two/three bed room suites, upper, lighting showroom on main with warehouse in basement. $749,000

Rob McKibbon 1-866-463-2791

KITIMAT

$30-$60 BILLION in Regional Economic Growth Potential Fully renovated 4 plexs with 20% + ROI Coming in January 2013 from $399,000 CALL 604-725-4872 or

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

*NEW*

AquilA busiNEss pArk 7 Exceptional Properties in Coldstream/Vernon Min. 2.5 Acre Lots – Zoned General Industrial

Tahltan Central Council president Annita McPhee said her council “will look at all options,” because officials haven’t addressed Tahltan Nation “concerns about long-term pollution to our water and the damage to a landscape.” “The Red Chris mine would turn a pristine valley and a lake into a tailings pond and seriously damage Todagin Mountain through the construction of an open pit,” she said in a statement. “Decisions like this, which don’t appropriately take our interests into account, undermine our trust in the province.” Repeated requests for clarification about what action McPhee and the Tahltan have in mind were not met as of press time.

Housing

There’s an air of confidence in town, however, that’s reflected in the housing market. In the first half of 2012, 150 residential properties worth $29.3 million sold, compared with 135 for $25 million in the same period last year. The average detached house price in Terrace is $211,000, but half the houses sold for less than $199,000 according to the Northern BC Real Estate Board. In other words, you could buy seven or eight houses

INVESTMENT PROPERTY Sidebar FOR SALE Quick facts TERRACE, BC

in Terrace for the price of one in Vancouver. It takes homes in Terrace 71 days to sell, on average. Besides houses, 11 parcels of vacant land, five half-duplexes and 14 homes on acreage changed hands in the first half of the year. At the end of June there were 287 residential properties of all types available for purchase in the Terrace area. When it comes to the outlook of the northwest, Central 1 Credit Union is bullish, forecasting employment will increase modestly this year but spike 3 per cent in 2013 as more resource projects fire up or expand. “The [northwest] will likely face substantial labour and skills shortages, promoting wage growth [and] drawing workers into the region,” said Central 1 economic analyst Bryan Yu.

Industrial

Terrace is getting ready for the uptick in land demand as it becomes a “staging area” for resource exploitation, says Van Dyk. To that end, the city has developed the Skeena Industrial Development Park, a 2,000-acre greenfield site on Highway 37 next to the Northwest Regional Airport and 47 kilometres from Kitimat’s ports.

1

Pacific ocean

37

Kitimat

Terrace, B.C. Population 11,500 Average detached house price $211,000 Industrial land, per acre $10,000 Major employers Government, retail and service sector

The park could handle heavy industrial projects, and 300 acres are already cleared and linked to electrical and gas services. While prices vary, a ballpark figure is around $10,000 an acre, plus sales-tax exemptions for machinery, and potential grants of up to $5,000 for each new job created.u

Advertise your listings in our special

LIFESTYLE PROPERTIES FEATURE

DUPLEX RENTAL INVESTMENT. Fully updated inside and out. Great Value. New listing offered at $342,000 11 UNIT APARTMENT BUILDING in downtown Terrace. Call for details

readers have higher than average household income and a real interest in real estate. 10

I have many more lake front properties available on Lakelse lake between Terrace and Kitimat. 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

www.westerninvestor.com WESTERN INVESTOR

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

Ranch-size sales cheer vendors WI STAFF WESTERN INVESToR

P

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 – and that is just for the land. “We have sold two lots and we have holds on two others,” 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 – one to a retired Edmonton oil executive – are both in the 100acre size, as are the two with pending sales. The Ranches at Elk Park are what Nielsen calls a “rare collection” 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. “This is a very exclusive opportunity,” said Nielsen, 70, B.C.’s most prolific land dealer. In the last 40 years, he’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

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

and ranches. “There’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.” 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 owners’ lounge, Nielsen said. He credited owner Fred Schickedanz for having the vision and patience to create “one of the best recreational ranch developments I have seen in a long time.” Nielsen said buyers are a mix of permanent residents and seasonal owners who plan to

ARIZONA

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, “without going too far or spending too much.” 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.

Albertans

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 of 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. “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, “ 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. “You can golf, ski, and catch a large rainbow trout, all in one day in the Kootenays,” Nielsen said. He notes that the ski hills of Panorama Ridge near Invermere and the amenities of 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. “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.”u

www.westerninvestor.com WESTERN INVESTOR

Far from the Madding Crowd - 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 - MLS® 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.

Len Westwood Sales & Leasing Associate

Direct:

204-928-5008

Virtual tour at www.annabelyoung.com

ANNABEL YOUNG

len.westwood@dtzbarnicke.com

PH: 204-928-5000 • www.dtzbarnicke.com

Cell: 604-961-7541

FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.

Why Harrison?

62 ACRES

Home, Home on the Range.

$470,000

$785,000

SOLD

460 ACRES

MCKAY RANCH

160 ACRES

Baptiste Lake

$2,950,000

CLEARWATER RANCH

$1,120,000

40 ACRES $1,400,000

CIRCLE S RANCH

36 ACRES

EVERGREEN RANCH

Sold Price: $60,500 Rent: $825 City: Goodyear Year Built: 1997 Square Feet: 1,159

$390,000

79 ACRES

PAINTED PONY RANCH

$600,000

80 ACRES

SOLD

Average Sales Price per Square Foot

RED ROCK RANCH

120 ACRES $600,000

WARD RANCH

SPIRIT RANCH

316 ACRES DIAMOND BAR RANCH

405 ACRES

$2,200,000

$952,000

155 ACRES

HOLD

ARMLS Residential All Areas and Types

Sold Price: $61,500 Rent: $925 City: Avondale Year Built: 2000 Square Feet: 1,197

Sold Price: $62,000 Rent: $895 City: Avondale Year Built: 1991 Square Feet: 1,255

Sold Price: $64,000 Rent: $850 City: El Mirage Year Built: 2001 Square Feet: 1,495

Sold Price: $64,000 Rent: $785 City: Buckeye Year Built: 2006 Square Feet: 1,574

OPEN HOUSE

Saturday, August 27, 11-4 pm Sunday, August 28, 10-2 pm Entrance to the Ranches at Elk Park 3.5 km north of Radium

Investment Opportunity

TRAILHEAD RANCH CLIFFSIDE RANCH

230 ACRES

Sold Price: $64,125 Rent: $850 City: Phoenix Year Built: 2003 Square Feet: 1,435

Sold Price: $69,000 Rent: $825 City: Phoenix Year Built: 2002 Square Feet: 1,343

Sold Price: $87,000 Rent: $995 City: Laveen Year Built: 2004 Square Feet: 1,763

Sold Price: $105,000 Rent: $1,150 City: Goodyear Year Built: 2003 Square Feet: 2,277

480 ACRES $1,092,000

$1,155,000

Entrance to the Ranches at Elk Park Upper Ranch MORGAN RANCH

74 ACRES $700,000

Avondale - Crystal Gardens Lake Community 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.

• Covered hot tub deck

MUSTANGS RANCH

SUNSET RANCH

160 ACRES

Acquire Realty is family owned and operated with over 30 years of Real Estate experience. Contact us for Foreclosure or Short Sale Listings in Phoenix, Scottsdale, Fountain Hills, Surprise, Goodyear and Surrounding Areas. We would love to help you find your vacation home or investment property.

Sold Price: $60,300 Rent: $895 City: Glendale Year Built: 2001 Square Feet: 1,278

• Stamped concrete boat launch • 100 feet private boat dock • RV parking

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

Bob Plowright & Don Spice • RE/MAX BOB PLOWRIGHT REALTY Kristen O'Connor • RE/MAX NYDA REALTY 1-7300 Vedder Rd. Chilliwack, BC V2R 4G6 www.bobplowright.com bob@bobplowright.com • 1-800-830-7175

Call for more information,

BENT CREEK RANCH

Sold Price: $52,00 Rent: $825 City: Phoenix Year Built: 2002 Square Feet: 1,343

REALTY (02) LTD.

Nestled against Southwestern British Columbia’s magnificent mountains and the sandy beaches of Harrison Lake, Harrison Village is your local destination filled 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. • 4 bedrooms, 5 bathrooms • 3,720 sq, ft, of living space • 824 sq. ft. guest suite • Showpiece 2 car garage • 108 feet of waterfront

Gerri Saunders @ (250) 632-2107 or (250) 632-6638

Here are twelve of the homes we’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: $51,900 Rent: $850 City: Tolleson Year Built: 2005 Square Feet: 1,423

Office: 604-888-0786 Email: annabelyoung@shaw.ca

Overwhelming Views

• Well established • Adjoining 100’ x 150’ lot • Presently 2 storefront rental income • Would like to sell package deal

info@AcquireAZ.com • 10750 West McDowell Rd. Bldg. C, Ste. 305 Avondale, AZ 85323

Phoenix Area

Recreational Real Estate LIFESTYLE PROPERTIES WESTERN INVESTOR august 2011 www.westernin

FOR SALE - On Bird River, MB

Contact us to start your portfolio today.

623-853-7765 Toll Free: 1-855-234-3342 • www.AcquireAZ.com

For Sale: $112,500

3 BEDROOM SUMMER CABIN on the shores of Lakelse lake. Swim, fish, water ski from the shore. Now Asking 182,500

12

Recreational Real Estate LIFESTYLE PROPERTIES

SNOWY OWL RANCH

476 ACRES $2,250,000

5 Minutes to Town Centre

Recreational Real Estate ADVERTISING FEATURE:

Kootenay National Park

40 PRISTINE TREED ACRES only minutes from Terrace. Cabin started. Amazing views, near lakes and rivers. REDUCED TO $179,000

Doug.roberts@Telus.net or 250.801.8380

Prince Rupert

Population 11,500 Average detached house price $211,000 per acre $10.000 CUSTOM BUILT 4Industrial BDRM 3land, BATH WATERFRONT HOME on employers Lakelse Lake. Major Government, retail and service 250 feet of Beach! Great B&B Asking 649,000 sector. Reach potential buyers with money to spend. Western Investor

Investment Property For Sale

Only 5 Lots Remaining Starting @ $845,000

TERRACE

unique property?

ACquire reAlty

• Investment or Area to Customize to your Company's Requirements • Fully Serviced Lot includes Geotechnical, Environmental & Septic Reports • Upgraded & Paved Access to Highway 6 • Railway Siding borders the subdivision • Situated minutes from Hwy 97 & Vernon • District has established Property Improvement Tax Incentives • Bring Your Plans or Will Build to Suit

NoRThwEsT BRiTish ColumBiA

Do you have a

Map from March 09 WI Terrace, BC

Quick facts

Jobs, jobs, jobs

Photo: LandQuest

OKANAGAN INVESTMENT PROPERTY

BULLISH from B7

OCTOBER 2012 WESTERN INVESTOR

The Rocky Mountain range, that is. Right now, you can own your own Columbia Valley ranch right at the foot of the Canadian Rockies. Rolling meadowlands…fragrant alpine forests… high bluffs overlooking the Columbia River wetlands. It’s a setting right out of Legends of the Fall – and it’s available now to a very lucky few. Only 17 Ranches will be made available in Elk Park Ranch – ever. To schedule a private guided tour, please call 1-604-694-7628 or email elkparkteam@landquest.com.

®

www.ElkParkRanch.com

• Limited spaces • 4-colour ads • Special rates

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


Northern British Columbia B9

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com

DAWSON

Radium

CREEK

www.dawsoncreekrealestate.ca

HOT SPRINGS Motel

TOM MORAN 250-784-7090 LLOYD SMITH 250-784-7116 tommoran@shaw.ca lloydsmith@shawcable.com

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

Attention Pub & Restaurant Investors!

Fort St. John, BC A one of a kind purchase to own one of Fort St. John, BC’s finest, busiest & highest rated pub. Exceptional reputation, revenue, staff, location & equipment makes this business a terrific opportunity for any entrepreneur wanting to expand in the booming North Peace Area. This 6000Sf, 150 seat liquor primary licenced pub sits on a prime C2 Zoned - 5 acres w/ Alaska Highway Frontage & lake view. Built in 1998 and expanded in 2004, the building is well constructed, space is utilized & entire property is zoned C2 - allows for future development & has enough room to expand or diversify. This thriving business is the only entity of its kind in the Charlie Lake area; serving the entire North Peace . This pub is well known throughout the area for delicious food, great prices, great times, with hundreds of satisfied repeat MLS N4505657 $3,800,000.00 clientele.

Bonnie Cote

Rich Petersen OWNER/BROKER

REALTOR®

SELL Action Realty Inc.

#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. #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 #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 #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

#138842: FOR LEASE 1.28 acres graveled and fenced lot with a 6000 sq. ft. shop available on Sept. 1. Only 5 years young, 1380 sq. ft. showroom for retail, offices, sales and service counter. Mezzanine on top with a lunch room and storage. Shop has 6 overhead doors, radiant heat, 3 phase wiring, ready for your business. Asking $16.00 per sq. ft. triple net.

#136621: INDUSTRIAL SHOP on 2.25 fenced acres of industrial land, building size is 3400 sq. ft. with 2400 of shop and 1000 of office. Upstairs is a 1000 sq ft of living accommodation. Built in 2002 the shop has 16 ft high doors and in floor heating. For sale for $980,000 or $7500 per month lease. #129257: THE SOUTH PEACE UNITED CHURCH IS FOR SALE. OVER 11,000 SQ. FT. - Sanctuary, hall, kitchen, offices, and support services. Excellent corner location, zoned commercial, very good condition, ready for an office or residential conversion. $495,000 #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. #133128: NEW STRIP MALL has 4 available spaces left for lease, 1,750 sq ft each. Great location on 8th street between Tim Horton’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 #139026: This UNIQUE PROPERTY has 3500 sq. ft. building on a large corner lot on 102nd Ave. with paved lot. Presently zoned for multiple family, would make a good duplex. Or switch back to commercial. $199,000. #130083: 16,000 SQFT FOR LEASE (Brown’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!

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. Additional one acre lot available next door, shaled as well and asking $198,000. or will build to suit and lease out. Asking $199,000

#138192: CHETWYND INDUSTRIAL LAND Unique property in booming oil, gas, and coal community of Chetwynd. Total of 30 acres of industrial lands with 13 acres ( M-2) inside village limits and 17 acres in the regional district. Situated in the BCR industrial park and priced to sell at $395,000

#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

#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. $1,150,000

#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

#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 # PRIME RESIDENTIAL LAND FOR DEVELOPERS. 116 acres sitting on the north end of Dawson Creek waiting for your development plans for residential subdivision. Part of the city’s sustainability plans for expansion within the city’s boundaries. $2,900.000

RE/MAX DAWSON CREEK REALTY www.dawsoncreekrealestate.ca

1-888-214-5871 DAWSON CREEK COMMERCIAL EXPERTS

250-264-7900

Fort St. John, BC

250-262-1944

Each Office Independently Owned And Operated

• • • • • •

Established 22 Unit Motel on Busy Highway Close to Radium Hot Pools, Golf Courses 3 Bedroom, Large Owner Residence Outdoor Pool and Hot Tub Solid Financial History Popular Destination Motel

$995,000

Wende Brash

Selling your business? Western Investor Business Opportunity pages are organized geographically so readers can find the opportunity they want.

250-342-1300 Cell Broker/Owner

RE/MAX Invermere 250-342-6505 Office

1-800-661-6988

Investment OppOrtunItIes Offered fOr sale location: prince George B.C. 48 Lot Subdivision Project • Only 20 prime building lots remaining • Active home construction and lot presale program in place • Market Value : $1.8 million Purchase Prices $78,900 to $119,900 per lot • Preferred price discount for complete project purchase 137 Lot Subdivision Development Opportunity • 292 acres of ecological protected natural forest land • Potential phased development offering 4 sites yielding approx. 137 residential building lots • Some preliminary design work completed • Located within city boundary, close to schools and shopping centers. • Market Value : $1.9 million Purchase Price – $775,000 200 Lot Subdivision Development Opportunity • 40 acres of land yielding 200 lots when completed • Close to schools and shopping centres • Zoned for mobile units and/or residential homes • Approx. $975,000 worth of design and infrastructure works completed to date • Excellent projected potential pad rental revenue in addition to strong lot value equity appreciation when fully developed • Market Value: $3 million Purchase Price $1.5 million 2 Acre Commercial Development Opportunity • Located adjacent to shopping centre – Save-On-Foods and other retailers • Property size – 2 acres with 1 acre zoned Commercial C7, 1 acre zoned Residential complete with rental home • Development potentials include shopping mall expansion, Independent and assisted living, retirement, high density strata, both commercial and/or residential Purchase Price - $625,000 162 Acre Rural Property • ALR designation with revenue potential • Approx. 100 acres flat, fertile land with remaining 60 acres comprising hilly topography • Excellent Agg Lease potential with added revenue from sale of estimated 50-60 loads of standing timber Purchase Price - $115,000 Unique Building Lot • 1.2 acres fully-serviced prime building site • View lot surrounded by 148 acres of protected greenbelt • Building covenants in place Purchase Price - $145,000 Spectacular Waterfront Property-Fully Developed • Rare Lakeshore paradise offering 28 acres of unprecedented views and solitude • 10 individual full-serviced lots with 890’ of private-level access-beachfront • Sold on individual lot basis or as complete package • Market Value: $1.75 million Open To Offers For Information Contact

Tana Woodward & Associates – Virtual Office Services Phone: 1-866-970-0015 Email: tana@virtualofficeservices.ca


B10 Northern British Columbia

www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

FORT. ST. JOHN

For Sale in Northeastern BC Area WHOLESALE

INVESTMENT OPPORTUNITY 9321 - 96th Street

Retail Water & Ice Processing and Sales Business • 5500 sq ft warehouse and offices on 1 acre with fenced compound in high visibility location and easy access • Fully automated processing plant with 2” water supply and transport vehicles • Recent appraisal for qualified buyers • Gross annual sales 600,00 + in growing market, good rate of return • Land and building. Asking $780,000

Unique opportunity available in this quality building. High exposure location, 100% leased with solid tenants in place. 7.39 % cap rate makes for a solid investment! $2,500,000

Contact: 250-219-2756 or email: newaterco@gmail.com

North Okanagan Area downtown VErnon

IndustrIal CEntrE

$799,000

7 established tenants Over 1 acre land with room to expand 10,684 sq ft building fully leased

$834,900

to build a shop and set up business. $1,128,750 MLS# N4505220 Lot 12 also available $1,128,750 MLS# N4505221

Main floor Pizzeria that was featured in the series Village on A Diet. All of the equipment included. 2nd floor has open concept 2 bedroom suite with a balcony off of the living room and a deck off of the kitchen. The backyard is fully fenced, the 32 x 40 shop has propane fired overhead radiant w/12'overhead door $410,000 - MLS# N4505523

Alaska Hwy exposure! This newly renovated building is the place to be. Check out this affordable 1367 sq ft (with possible future expansion) Currant layout consists of front reception area, office and warehouse to the rear with 14’ over head door. $18.00/sq.ft. + NNN - MLS# N4505583

FOR SALE OR LEASE

FAMILY OR RETIREMENT BUSINESS AWAITS! 9207 - Alaska Road

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. Sale: $2,200,000 MLS# N4505390 $15.00/sq.ft. + NNN - MLS# N4505100

Motel Business with attached convenience store. Turn key 14 unit motel located on 1.67 acres. Most units have kitchenettes hence long term repeat clients. No reasonable offer refused. $1,650,000 - MLS# 4505597

KATHY MILLER

Chris Santos

CURTIS ROBINSON

Remax Action Realty 1991 Inc.

PERSONAL REAL ESTATE CORPORATION

kathy@bugkathymiller.com curtis@remaxaction.ca

cell: 250.306.2527 chris@saltfowler.com toll free: 1.800.667.2040

M-2 zoning, easy access to the East bypass road make this a great place

1,367 SQ.FT. PRIME LEASE SPACE! #4 8822- 100th St

BUSINESS OPPORTUNITY 10332 - 100th Street, Taylor

PROSPECT PARK LOCATION - 10711 - 91st Ave

Over 7% Cap Rate! Office and Retail Space fully leased 12 parking spots (rear of building)

5.238 ACRES IN A GREAT LOCATION! Lot 11 - 87A Avenue

Vernon

HANS JOHANSEN 250.960.9339 Info@doucetterealty.com

250-785-5520 Toll Free: 1-888-785-5520

The Power Of Partnership! KIRK GABLE 250.981.3535 Kirkgable@shaw.ca

TRUCK SHOPS *6160 sq ft on 1.5 fenced acres, 3 – 16’ OH doors, 5 ton crane, air conditioned offices lease $8.50. *5100 sq ft on 1.59 acres with large office mezzanine, lunchroom, fenced. $890,000 or lease for $8.00 DEVELOPMENT LAND

*80 acres close to airport, city services available *56 acres designated industrial in OCP, close to airport, *112 acres in key future industrial location $1,490,000 SID DOUCETTE 250.614.6800 Sid@doucette.bc.ca Prince Rupert Pub Restaurant 145 seats, ocean view, turn key operation. Near Ferry, Coast Guard & Sea Plane Bases

LIGHT INDUSTRIAL LEASE

Top quality light industrial/office/retail units 1500 – 10,000 sq ft, close to downtown from $7.00 WAREHOUSE

18,600 sq ft on 1 acre near downtown, 1000’ CN siding $1,400,000 or lease for $5.50 MULTI FAMILY

City Approved Subdivision

Over 550 dwellings allowed, water and sewer to the property. Approved Neighbourhood Plan. Ready to develop. HIGH EXPOSURE CORNER lease

Downtown Prince George 2100 sq.ft. $10 triple net. Lease Industrial Building $249.888.

*.26 acres zoned RM4 on busy city arterial $161,000. BUSINESS OPPORTUNITIES

*Grocery store in high traffic area, $1.2M sales $100,000 *Hair salon and home décor retail, strong financials $129,000 *Busy 130 seat full service restaurant with .75 ac highway frontage, includes land, buildings and business $799,000 *Ready mix batch plant ready to go on 2.71 fenced acres. *5,800 Sq.ft. Downtown retail building $315,000

MOBILE HOME PARK

Established “adult” mobile home and RV park on 21 acres highway frontage in Prince George. 88 mobile home lots, 51 RV stalls, 1700 sq ft executive home, meeting hall with laundry and washrooms, machine shed, extensive equipment list. 8% cap $4,725,000. INDUSTRIAL LAND

*1.87 acres, level, fully serviced $205,000 *5 acres with 400 ft highway 97 frontage $300,000 *2 acres with 400 ft highway 97 frontage $75,000 (needs rezoning)


Northern British Columbia B11

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com

NORTHEAST BC NEBC

REALTY

NEBC is located at

10220 101 Avenue Fort St John BC V1J 2B5

Ltd.

www.NEBCRealty.com

RON RODGERS

Phone 250 785 4115

OWNER / MANAGING BROKER

“Investing Our Energy In The North”

©2010—2012

For Sale

Prespatou General Store Servicing the area with gas/diesel pumps, propane, post office outlet, coffee shop, and general store (groceries, sewing, toys, hardware & more)! Clean and very well maintained building.

Email: ron@northeastbc.com

FOR SALE

FOR SALE PLAZA LAUNDROMAT

Land, Buildings, Business Buick Creek, BC

Fort St John, BC

ASKING $495,000

Sasquatch Inn

Asking $1.9 Million

FOR LEASE / SALE

of the Yukon border. Complex has generated power supply, water hookups from 2 well sources, Laundromat, gift shop and more! Currently seasonally operated... room for year round growth!

Approximately 10 acres directly off the highway makes this a great stop for all travelers heading between BC and the Yukon.

Asking $689,000 Exclusive Listing Full financials available to qualified inquiries. NO DROP INS PLEASE.

MLS® N4505528

Call Ron to arrange an appointment to view or for more information

MLS® N4505553

Restaurant, motel, gas station, staff quarters, RV site located just south

Pink Mountain, BC

Land & Building produces revenue oil & gas industry  camp services. Owner/manager 4 bedroom suite, 11  motel rooms, and 42 man dorm facility.   100 seat restaurant . Currently operated as camp service, but can be converted back to public hotel.

Asking $89,500

FOR SALE COAL RIVER LODGE

MLS® N4505527

_______________________________________________________________________________

NO DROP INS PLEASE Call Ron for more info

MLS® N4505566

Fort St John

facility, post office outlet. Gas & diesel pumps currently  not used. $ includes trailers &  retail business. Living  quarters on site for owner/operator. 

TURN-KEY BUSINESS WITH RECENT UPGRADES

Asking $409,000

Winner of 2011 Commercial MLS® Award

Scoop Clothing For Sale

4.67 Acre land Business revenue; Sub‐Shop, camp 

BE YOUR OWN BOSS! Owners looking to retire but will assist in the turnaround of this

So much to offer on over 4.3 acres. There is a great building location to place a modular or build a home. Become part of this community as owner/operator of this area's local gathering spot.

F: 250 785 4120

FOR SALE

**Commercial - 2420sf shop on 0.2 acre city lot in Fort St John **Light Industrial 6,000+sf shop on 3.6 acre lot in Charlie Lake

7 Unit Apartment Taylor, BC

Investment property... Or consider living in the manager’s suite yourself. Pay the mortgage with the rent you collect. Excellent opportunity for first time investors.

**37,900 corporate office complex with warehouse, shop & light industrial oriented truck wash located in Fort St John

This former motel is located off Alaska Highway frontage road & has ample tenant parking.

Asking $379,900

 

Unique merchandise provides a   high caliber of clientele.   Turn‐Key Operation…ready for all   summer and fall business!     

       

Asking $98,000 (open to offers) 

includes equipment, marketing and branding rights,  security and extensive multi‐media client list  (inventory extra) 

MLS® N4505262 Call Ron to arrange all viewings

Call Ron for details on these and more!

Well established retail business with  integral brand investment in place.  

MLS® N4505636   Please note; confidentiality agreement may be required prior to release of financial information.

(24 hour noticed required)

— Your PRINCE GEORGE Commercial Professionals — 1399 – 6th Ave.

C-8 3900 Hart Hwy.

9080 Penn Rd.

3990 – 22nd Ave.

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

FOR SALE or LEASE - 4,356 sq ft building on 0.437 Acres in the prime Light-Industrial Park.

Domano Blvd.

1150 – 3rd Ave.

FOR LEASE – Industrial space. 900 sq ft on Highway 97 North on Hart Highway.

FOR LEASE – 2nd and 3rd floor OFFICE space on corner of 6th Ave. & Brunswick Street. Quality property. Net-lease.

D

E LEAS

FOR LEASE – Prime College Heights RETAIL/OFFICE space. Visually desirable location. Net-Lease.

508 George St.

FOR SALE – 8,200 sq ft OFFICE/RETAIL building on 9,900 sq ft lot. Corner site across from the 'Ramada Hotel' and the proposed 'Wood Innovations Centre'.

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

ED

LEAS

760 Kinsmen Place

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.

978 & 996 Central St.

1001 Great St.

1550 – 1st Ave.

#205 – 1396-5th Ave.

FOR LEASE – Highly visible Hwy 97 Sth property. 9,000 sq ft building on 2.6 Acres. Fenced compound. Prime quality location. Net-lease.

FOR SALE – located on corner of 10th and Central. Must be sold together. Value is the land. Currently zoned RS-2, the City says can be re-zoned to C-4.

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

1880 Hart Hwy

8574 – Highway 16 West

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

431 Acres of development property located within City of Prince George boundaries. The property includes 31 existing residential lots, 369 Acres zoned residential and 67 Acres zoned Commercial. Located along Hartman Rd. & Highway 16 West. RE/MAX Centre City Realty Each office is independently owned and operated

www.pgcommercial.ca

GEORGE Weinand

250-960-9556

THINK REAL ESTATE...The Best Investment on Earth

KEN Goss

250-565-7653


B12 www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORW SPOTLIGHT A “second Fort Mac” forming as Imperial pumps $2 billion into Nabiye oil play

Cold cash in Cold Lake DAVE HUSDAL

Cold Lake, AB Photo: Pocketburgers.com

WEsTERN INvEsToR

A

lberta’s second oilsands city – behind Fort McMurray – is a busy place these days. Really busy.

Cold Lake, roughly 290 kilometres northeast of Edmonton, is in the midst of cashfuelled boom thanks to general growth in the energy sector and a major expansion project at Imperial Oil’s Cold Lake operations. That project, known as Nabiye, will add about 40,000 barrels per day of oilsands production starting in late 2014. To get there, of course, will require everything from roads, well pads, pipelines and a new processing plant to high-voltage power lines and a cogeneration power plant – not to mention $2 billion in cash. Imperial has been busy ramping up construction activities for the past several months – bumping up activity in the city as a conse-

F15 Eagle takes off in 4-Wing Cold Lake action.

quence. While building-permit totals for Cold Lake were only $29.2 million in 2010, they hit over $61 million in 2011 and have been chugging along in 2012. Real estate sales have been strong, to say the least. Colleen McEntee, executive officer for the Northeastern Alberta Realtors Association, said 2012 is shaping up to be a record year for sales in the city. As of the end of August, there had been 346

Population 14,400 Average house price $344,600 Potential $2 billion oilpatch play

single-family homes sold in the city in 2012, which is already more than the 331 sold in all of 2011. Condo sales for the current year had also already passed 2011 volumes, McEntee said. While summer sales are driven to an extent by transfers of personnel to and from 4 Wing Cold Lake, home to some of Canada’s besttrained fighter pilots, the bump in sales is more an indication of just how busy the oilpatch is right now. sales volumes aren’t the only thing rising. The average single-family home price is up about 5.6 per cent over last year to $344,649.

“We have very, very little inventory that’s available right now,” said McEntee, noting the city of 14,400 only had about 50 single-family homes on the market as of early september. According to Canada Mortgage and Housing Corp., Cold Lake’s vacancy rate for rental apartments fell from 4.9 per cent in April 2011 to only 0.3 per cent in April 2012. Rents, on the other hand, jumped about 3.8 per cent in that same time span. Cold Lake was the second-highest-priced rental market in Alberta ($1,175 per month for a two-bedroom unit) after Fort McMurray as of April 2012. Housing remains a significant challenge for employers looking for staff in the area, confirmed Sherri Bohme, executive director for the Cold Lake Chamber of Commerce.

Rental crunch

It’s likely to become even more of a crunch issue as trades flock to the Esso site as construction ramps up. The oil giant isn’t utilizing a camp for project employees because construction is happening relatively close to Cold Lake.u

Alberta Duncan, BC

BC Championship Golf Courses For Sale sidebar

• Par 72, 6616 yards, 18 holes

Cold Lake, AB • 12,000 sq. ft. club house w/ Population 14,400 pro-shop, restaurant, lounge & Average housebanquet price $344,600 facilities Potential $2 billion oil patch play • Driving range included -30-

Bohme says some local residents are taking the plunge and buy6416 yards, 18 holes ing a second home, hoping to cash•inPar on 71, the demand for rentals in the next few years. • Located within an ocean side community Realtors aren’t alone in feeling the heat. “some of the retailers that I’ve spoken to are up 15 to 20 per cent [insq. sales] over last year,” • 9,000 ft. club house w/ pro-shop, locker rooms, Bohme said. restaurant/bar & banquet facilities

• 8,000 sq. ft. custom built home

PRICE $9,800,000

• Plans for redevelopment of a 200-room hotel & convention centre

Qualicum Beach, BC

PRICE $4,900,000

ERIC POON 604.714.4768 / KELVIN LUK 604.714.4766

• Excess land for residential development

macdonaldcommercial.com

for sale: Three Multi-residential Development opportunities Wetaskiwin

inner City, Calgary, aB

City population 12,5 JEDI region populat Marda loop Trading area popula Development opportunity for d Potential Industrial

Bridgeland

Development opportunity for 77 apartment condos or 68,270 GFA (M-C2)

townhouses or apartment condos (M-C1). $75,480 gross income $1,300,000 Million 12,380 Square Feet

$2,990,000 Million 27,308 Square Feet other land opportunities

Marda loop

Inner city - high and medium density sites, medium density suburban sites, townhouse sites and seniors housing sites. Some availability in secondary markets. Please call for details.

Development opportunity for townhomes (M-C1) $1,400,000 Million 13,577 Square Feet

For further information, please call:

Harvey Russell

harvey.russell@cbre.com 403 750 0525

Scott Russell

scott.russell@cbre.com 403 750 0516

500, 530 - 8th Ave SW, Calgary, AB

CBRE Limited, Real Estate Brokerage

www.cbre.ca


Alberta B13

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com

LOCAL EXPERTISE

MATTERS FOR SALE

OFFICE BUILDING

INVESTMENT OPPORTUNITIES FROM

BARCLAY STREET REAL ESTATE FOR SALE

MIXED USE REDEVELOPMENT SITE

FOR SALE

RETAIL CENTRE

REAL EQUITY CENTRE

805 EAST LAKE BOULEVARD

CURTIS BLOCK

1716 16th Ave NW, Calgary, Alberta

Airdrie, Alberta

228-234 13 Avenue SW, Calgary, Alberta

Real Equity Centre provides a total rentable area of 27,421 sq. ft. over five floors above grade and a lower level which is improved as office space. The building is ideally situated to take full advantage of 16th Ave.

For more information or to view, please contact:

MAIN FLOOR RETAIL

Serves the sporting population and benefits from its close proximity to Genesis Place Sporting Facility.

Zoning: CC-X (Centre City Mixed Use)

For more information or to view, please contact:

RICHARD LEWIS

FOR SALE

Site size: approx. 29,750 sq. ft.

GEORGE LARSON

FOR SALE

Calgary, Alberta

Downtown Calgary high density residential site for sale. Existing use includes 2 fully licensed restaurant and lounge premises. One leased, one available. Located 1 block from the Bow River in the Eau Claire District.

Gross floor area: 9,390 sq. ft. Built in 2010.

DEVELOPMENT LAND

Site size: 23,000 sq. ft.

rlewis@barclaystreet.com

For more information or to view, please contact: rswelin@barclaystreet.com

p: 403-290-0178 FOR SALE

Land use: DC2D2012 (C-COR1 guidelines), FAR 2, 4 storeys / 16.5 metres

34 Avenue SW

RYAN SWELIN

RICHARD LEWIS

rswelin@barclaystreet.com

p: 403-290-0178 FOR SALE

For more information or to view, please contact:

RYAN SWELIN

COMMERCIAL DEVELOPMENT SITE IN MARDA LOOP 2002, 2008, 2012 AND 2016 34TH AVE SW, Calgary, Alberta

FOR SALE

19 Street SW

Unique mix of local tenants: Market 17, J.Webb Wine Merchant, Bro’s Dough, Cassis Bistro and Blush Lane.

p: 403-290-0178

RETAIL/RESTAURANT

739 2ND AVENUE SW

kcarver@barclaystreet.com

KELLY CARVER kcarver@barclaystreet.com

p: 403-290-0178

CASEL MARCHÉ

KELLY CARVER

For more information or to view, please contact:

glarson@barclaystreet.com

2505 – 17th Avenue SW, Calgary, Alberta

For more information or to view, please contact:

Exceptional site location in the surging Beltline/Victoria Park area.

SUBJECT SITE

Strong mix of tenants.

rlewis@barclaystreet.com

p: 403-290-0178

Leaseable area: 26,565 sq. ft. (more or less).

JEFF ROBSON

jrobson@barclaystreet.com

p: 403-290-0178

DEVELOPMENT LAND

FOR SALE

PROFESSIONAL OFFICE BUILDING

SOUTH ACHESON INDUSTRIAL AREA

1060 – 101 STREET SW

HEALTH PLUS OFFICE COMPLEX

Acheson, Alberta

Calgary, Alberta

290 Midpark Way SE, Calgary, Alberta

SPRUCE GROVE

EDMONTON

Development land – 122.44 acres ±0.57 of a mile Highway 16A frontage

16A

60

Zoning contemplates a variety of light industrial and highway commercial uses.

For more information or to view, please contact: DOUG GRINDE

GEORGE LARSON

dgrinde@barclaystreet.com

glarson@barclaystreet.com

780-463-3332

403-290-0178

COMMERCIAL REAL ESTATE

SOLUTIONS

14.2 acres.

Fully leased, well located South Calgary professional office building.

Zoning: Direct Control – Bylaw 11Z96

Zoning: I-B (Industrial Business).

Dual access to the site – off 101 Street and off the north side of the property.

For more information or to view, please contact:

Rentable Area: 31,648 sq. ft. (m/l)

For more information or to view, please contact:

DOUG GRINDE

GEORGE LARSON

dgrinde@barclaystreet.com

glarson@barclaystreet.com

p: 403-815-0283 Office, Retail, Industrial SALES AND LEASING

p: 403-290-0178 Land, Investment SALES

Property Management

CALGARY OFFICE: p: 403-290-0178 Suite 200, 407 – 8th Avenue SW • Calgary, AB T2P 1E5 EDMONTON OFFICE: p: 780-463-3332 4216 – 97 Street • Edmonton, Alberta, T6E 5Z9

WWW.BARCLAYSTREET.COM


B14 Alberta • CAR WASH, I hour from Edmonton: $2.95mil. Sale $600,000 • MOTEL: Asking $1.28mil 27 rooms, sales $320,000 (7 years steady) Vulcan, AB • GAS STATION + MOTEL, Smokey Lake, AB. $2.1 mil, 25 rooms + leased bay. In Gas: 2.5 mil, In-store : $1.0 mil, Rental income: $80,000 • MOTEL, Whitecourt: $5.25 mil, 111 rooms • MOTEL (Franchise) Medicine Hat: $5.79 mil, 70 rooms

Thomas Koh (CIR) 403-680-9827

www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

ALBERTA INVESTMENT OPPORTUNITIES! • 16 UNIT MOTEL in busy Northern Alberta with 100 seat lounge, VLTs, liquor store and restaurant. 2011 Rev. 716,000. Asking $990,000 • 63 ROOM FULL SERVICE HOTEL in beautiful West Central Alberta. 2011 Rev. $4.8Mil. Asking $7.2 Mil. • 20 UNIT MA & PA MOTEL very clean with an established guest list. Asking $1.1 Mil. • CAMROSE ALBERTA 4-PLEX Fully leased. Asking $429,900 FOR MORE INFORMATION CALL Camrose Alberta

Tomkoh999@gmail.com

EMAIL:

MOTEL IN DIDSBURY * Asking: $650,000 * Busy motel * 17 Units + 30 Seat restaurant GAS STATION IN SUNDRE * Asking $690,000 * Sales: $1,368,445 STRIP MALL IN CARSELAND * Asking: $2.2M * NOI: $140,400 * Building size: 12,600 sqft RETAIL BUILDING IN CALGARY * Asking: $669,500 * NOI: 35,800

With $2 billion in new oil sands development by Imperial Oil, Cold Lake is Alberta’s hottest city. Multi-residential land is well-located, serviced, zoned and ready for construction.

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

OREST: 780-679-8353 •

FAX:

780-672-1897

www.swancityrealty.com

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

MULTI-RESIDENTIAL LAND FOR SALE

G

PENDIN

swancity@telusplanet.net

BUSINESS & INVESTMENTS

COLD LAKE

• 114 ROOM FULL SERVICE HOTEL in scenic west oil country Alberta. Rev. $4.0 Mil. Asking $8.7Mil. • 68 ROOM FULL SERVICE HOTEL in Central Alberta. Asking $3.5Mil. • 12 GUEST ROOM OLDER HOTEL with renovated bar in Viking, Alberta. Asking $159,900 • STETTLER, ALBERTA 275 Seat Bar with pool tables. Stainless Steel table and chairs, large moveable stage. Large T.V. screen, separate D.J. room, exceptionally clean. Negotiate your own lease. Asking $80,000

GROCERY STORE IN MORSE, SK * Asking: $290,000 *Sales: $733,140 * Only grocery store in the village LIQUOR STORE IN VULCAN * Asking: $280,000 * Sales: $528,000 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

Commercial, Industrial & Residential Financing Obtaining Mortgages and Loans can be made Easy & Simple!

Contact: Frank Hickey

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

current offerings • A Flagged Limited Service Hotel with an excellent mix of rooms and suites, a prime location, superb condition - no deferred maintenance -, very impressive revenue performances that are continuously increasing year over year, thus representing a tremendous potential upside going forward. Asking $32,000,000 • A Flagged Full Service Hotel, excellent condition no differed maintenance, first class Location that speaks for itself, superb occupancy and resultant revenues, mortgage financing 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. Well priced at $26,500,000 • A flagged Limited Service Hotel with various amenities and conveniences, excellent condition, highway exposure in an area of superb economic growth that delivers very good revenue performances, which shows substantial up-side potential growth going forward, under continued good management. Asking $14,500,000.00 • A flagged 99 Room Full Service Hotel Featuring a number of suites and lofts in its room mix, extra vacant land that will facilitate a significant number of rooms well beyond its current number. Large, conference/banquet area with excellent facilities, restaurant/lounge, fitness centre; a very recent complete up-grade renders the hotel in superb condition with no differed maintenance currently. Asking $12,000,000 • 148.41 Urban Reserve Land with potential uses for highway commercial and residential in a town with tremendous growth potential going forward, very reasonably priced at $2,990,000 • The skiing season is almost at hand, take this fantastic opportunity to acquire by way of purchase in a very popular Ski Resort, a New Deluxe 2-Bedroom Condo, consisting of 2-bath rooms, fireplace and cable among many other superb features. Plus the many other amenities such as swimming pool, sauna, fitness center, indoor parking to name but a few on the many features within the unit and the Building Complex. Immediate possession available, a great buy with cash to an existing mortgage of $326,200.00 more or less, at a very low interest rate. Asking Price of $499,000.00

rocky park cIr rEaLTy 403-681-7512 www.rockypark.ca

seizing industrial

opportunity

For business expansion or relocation information contact Economic Development at:

780.992.6231 or visit www.fortsask.ca


B15

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com

REGIONAL ROUNDUP Fort Saskatchewan cashes in as key production hub for the Alberta oilsands

Upgrading a city DAVE HUSDAL WESTERN INvESTOR

ort Saskatchewan Mayor Gale Katchur isn’t shy about promot- Light industrial ing her community. While that work will be spread out in shops

“You can work here. You can play here. You can have a business here. I always say, ‘It’s a great place to invest,’” she said, describing the lure of the city of 20,475, situated northeast of Edmonton in Alberta’s industrial core. Katchur may be a bit biased, but the community’s strong growth suggests she’s right. Not only has Fort Saskatchewan shown population spikes in the last several years, it’s also attracted investment in projects large and small. That’s expected to continue, both in the city and on its doorstep, in the counties of Strathcona and Sturgeon. The former, for example, is home to Shell Canada’s Scotford Upgrader, which turns oilsands bitumen into refinery-ready crude oil. In early September, Shell announced that it will spend, along with its federal and provincial government partners, about $1.35 billion on an initiative called the Quest Project, which will capture and store approximately one million tonnes of carbon dioxide generated annually by the upgrader. The greenhouse gas will then be piped 80 kilometres north and injected two kilometres into the ground, cutting CO2 emissions at the plant by 35 per cent – roughly the same amount produced annually by 175,000 passenger vehicles.

and yards around the Edmonton area, Fort Saskatchewan will benefit as the urban centre closest to the upgrader – and will undoubtedly see businesses expansions as a result. “Our light-industrial lands are now taking off. We finally have serviced lands. We have one announcement after another that’s coming forward,” Katchur noted. She added that “there’s a lot of talk about Fort Saskatchewan in Calgary, and what we have to offer, primarily because we’re in Alberta’s industrial heartland.” The industrial heartland region, already known as the centre of the province’s refining and petrochemical industry, is eyeing yet another project in the future: the North West Upgrader. The new upgrader would be situated roughly 20 minutes northeast of Fort Saskatchewan at Redwater, but it would also be a growth driver for the Fort. While Katchur says her community doesn’t need the North West Upgrader to keep booming, it certainly isn’t going to slow things down if it goes ahead. According to Harold Walters, a longtime Fort Saskatchewan commercial realtor with Royal Lepage, “We’re all optimistic the North West Upgrader is going to go ahead, and we feel that will impact us quite a bit.”

Photos: City of Fort Saskatchewan

F

The project will generate 700 jobs at its peak, and will average 400 positions during construction over a 30-month period beginning this fall.

RIGHT AND ABOVE: Work continues on Fort Saskatchewan’s new city hall and library complex, part of an upgrading of the downtown core as the fast-growing city aims to attract more residents and businesses.

Like Shell’s Scotford project, the North West project is tied to what happens in the Fort McMurray region and the rest of northeast Alberta.

Oilpatch-support businesses fabricating what’s needed in the Fort Mac area are roughly 45 minutes to an hour closer to the oilsands capital than industrial hubs such as Nisku and Leduc on the south side of Edmonton, Fort to Fort Walters notes. While oilsands development impacts But that’s only for vehicles with regular demand for industrial land and shop travel times. space throughout the capital region, it has For oversized loads destined for Highway an even greater potential effect on Fort 63 and beyond, the time advantage is meaSaskatchewan, due to the fact the city is that sured in hours. much closer to the oilsands action. Please see Advantages page B16

Alberta Serving FORT SASKATCHEWAN and area’s CUTLINE = CUTLINE = Work continues on Fort Saskatchewan’s new city hall and library

complex, part of an upgrading of the downtown core as fast-growing city aims to attract INDUSTRIAL AND COMMERCIAL REAL ESTATE NEEDS mkore residents and businesses. Photo: City of Fort Saskatchewan Photo: City of Fort Saskatchewan

INVESTMENT PROPERTY FOR SALE 16,107 sq ft building on 1.03 acre site in Light Industrial Park in Fort Saskatchewan. Facility has both grade and dock loading. International tenant currently leases 11,145 sq ft. $1,850,000 1.1 ACRE LOT FOR SALE Located in the Hamlet of Josephburg, just outside of Fort Saskatchewan. Great location near the Industrial Heartland ideal for multi units or duplexes. $249,000

Call

HAROLD at

780-998-7801 or 780-998-7653

www.998sold.com

1/4 SECTION IN INDUSTRIAL HEARTLAND 1/4 section with homestead including house, barn, double garage and other out buildings. Located between Bruderheim and Lamont. $1,200,000 160 ACRES NEAR BRUDERHEIM Located in the Industrial Heartland, near future CPR line. Oil wells and salt water disposal well revenue. $1,472,000

For Over 30 YEARS LOTS FOR SALE IN INDUSTRIAL PARK Located in the light industrial park in Fort Saskatchewan, these 2 lots total 3.37 acres and have great access to the highway and close to other major industrial businesses and major shopping district. $1,213,200 COMMERCIAL LOT FOR SALE IN GIBBONS Property located on Main street in the town of Gibbons, this 0.27 acre lot is in a prime location for restaurant or commercial use. $395,000 Variety of retail and office leasing opportunities in Fort Saskatchewan, including Fort Mall, Urban Centre, Square One and Eastgate Business Park.


B16 Alberta • DEVELOPMENT LAND • GOLF COURSE/ 33 SITE CAMPGOUND CENTRAL ALBERTA

www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORW

ADVANTAGES from B15

“If you’re talking about the oversized loads, we’re actually four hours closer [to Fort McMurray],” Katchur explained. It also has some key advantages, from, in most cases, lower-priced industrial land to more attractive tax rates – something the mayor can’t help but mention.

Low taxes • 133 ACRES ON PAVEMENT Only 2 km from City of 17,000 • IRRIGATED 18 HOLES • 19 STALL DRIVING RANGE • NEW 2500’ CLUB HOUSE w/ Full Comm kitchen Seats 90

• 4800’ Maintenance Building • 1040’ 3 BR Upgraded Home • 33 SITE SERVICED RV PARK 30 Amp & Water, Wash & Showers, Sani Dump Station FAMILY OWNED & OPERATED

Showing Excellent Growth Redevelopment and Expansion Opportunities on Unused Land! ZONED RURAL REC

FSBO $2,750,000 Serious Inquiries Only Please

780.679.3408

The Canadian Federation of Independent Business certainly backs her up. According to its survey of the 13 municipalities situated within the industrial heartland zone, businesses in Fort Saskatchewan enjoy the fifth-lowest property tax bills in the region, shelling out $775 annually per $100,000 of assessed value in municipal taxes in 2011. While the Fort was behind such assessmentrich counties as Leduc and Parkland, it was well ahead of communities like Edmonton, the City of Leduc and St. Albert. In fact, Fort Saskatchewan’s commercial tax bill for the same assessed value was only 55 per cent of the Edmonton bill. Residential taxes in Fort Saskatchewan are also comparatively lower (the fourth-lowest among the 13 Capital Region jurisdictions),

with a $250,000 home stuck for only $1,008 in municipal taxes in 2011.

Quick facts

Upgrading services

While the city is growing significantly – 9.77 per cent in the past two years and just over 5 per cent annually since 2007 – renewal projects have also been a main focus. About $8 million was spent on an impressive upgrade to 100th Avenue in Fort Saskatchewan’s historic downtown, and a new city hall and library expansion are currently underway. The project also includes construction of a civic plaza that will offer opportunities to host community events. The downtown revitalization work, which included small grants to qualifying businesses, has given the area a “boutique-ee” feel, says Walters, more like a chic inner city than a suburban street.

Permits nudge $60M

While it isn’t experiencing record growth in 2012, Fort Saskatchewan remains a very active place for homebuilders and developers alike. The city issued building permits for approximately $59 million in new construc-

2

Spruce Grove

6

St. Albert

✪ FoRt SASkAtChEwAn Sherwood Park Edmonton

Stony Plain

14

16

2

Red Deer

Calgary

Fort Saskatchewan, AB Population 20,475 Growth rate 5.3 per cent (2007 to 2012) Industrial land $350,000 per acre Average detached house price $300,000 Largest private-sector employer Dow Chemical Canada From downtown Edmonton 20 minutes

tion for the first seven months of 2012, and counted 195 housing starts for the year to August 23. That includes 154 houses and 40 multi-family or duplex units. Typical rent for a two-bedroom is $1,040 per month.u

Central alberta Campground opportunities

laKeFront! 403-347-0744 piNE LAKE cAMpgROUND (ScOTTYS FAMiLY RESORT)

Sidebar

**ONlY 90 miNUTES NOrTH Of cAlgArY**

• 4000 sq ft Penthouse Office Space For Lease on 17 Ave SW

$3,250,000

Map from JAN 08 WI (Leduc which is close • 2175 sq ft West Downtown Office Condo For Sale $761,250

KAciKEwiN cAMpgROUND & cABiNS

to Fort Sask) or OCT 03 WI • 8 Suite Apartment Building in Marda Loop $1.2M • 3200 sq ft Office/Showroom & 3,600 sq ft Warehouse

Quick facts

• Fine Ethnic Restaurant with great location $349,000 • Canmore Liquor Store Business Only $274,900 Fort Saskatchewan

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

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

Population 20:475 Email Commercial@prutp.com to Receive Current Alberta Apartment Report! Growth rate 5.3 per centOur (2007 to 2012) Industrial land $350,000 per acre Average detached house price $300,000 Largest private sector employer Dow Chemical Canada From downtown Edmonton 20 minutes

-30Prince George B.C. Price $9.5m Full service Hotel w/120units – 2.5m room sales + restaurant /lounge, 9%+ cap

Clinton B.C. Price $1.3m + stock Gas Bar w/Grocery Mart - $3.8m sales /yr – on major Hwy, 20% cap

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.

• 26 Fully serviced RV sites • Boat launch/dock • Residence/store • 165' lakefront w/sandy beach • Only lakeside store on entire lake • Located next door to Whispering Pines Golf & Country Club $2,000,000

WANTED: fArm lAND iN cENTrAl AlbErTA. WE HAVE bUYErS!!!

Dusty smith team SUTTON LANDMARK REALTY / RED DEER, AB

403-347-0744 • www.dustysmithteam.ca

We are looking for 1st or 2nd mortgage lending

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

opportunities for:

Singleand andmulti-family multi-family • • Single residential developments • Single and multi-family residential developments

developments Commercial, industrial and and • • residential Commercial, industrial retaildevelopments developments retail • Commercial, industrial and Manitoba Price $7.2m Franchise Motel w/80 units – renovated in & out – busy year round, built 1998

Chilliwack B.C. Price $2.4m Bowling Alley 24 lanes w/lounge – PH suite – 3 storey 40,000 sq.ft., 12% cap

• • retail Refinancing //acquisitions Refinancing acquisitions developments

Construction Construction /land landservicing servicing •• • Refinancing / /acquisitions • Bridge Bridgeloans loans / land servicing • • Construction

• Income producing properties Income producing properties • • Bridge loans

Grande Prairie AB. Price $4.4m Motel w/62 units w/Laundromat & leased restaurant - $1m sales / yr

Alberta Price $5.2m Motel w/52 units – 7yrs old – space for room expansion / shift to Flag - sales $1m+/yr

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

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

throughout Western Canada and Ontario. estate services specialize in the investment, financing and syndication of real estate mortgages throughout Western Canada and Ontario.

WESTBURN


Alberta B17

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com

t a s t E e l a e R e m i r P S ylvan L ake, A lberta

CALGARY OPPORTUNITIES BEAUTIFUL 2 STORY BUILDING $1.3M 4,700 sq ft ideal for professional offices. NE Calgary close to Deerfoot & Transcanada. Corner lot, 17.6 m * 38.2m.

Pizza Business, Restaurant/Bar Business, Land & Building across from the Beach.

Call cell:

RESTAURANT AND PROPERTY FOR SALE $1.5M NE Calgary restaurant offering fine dining. Has liquor licence. 3 bays totalling 3,500 sq ft. One bay leased out.

CARL STEPP

403-358-9300

INDUSTRIAL BAY SE CALGARY $249,900 1000 sq ft plus mezzanine. Well maintained in 8 unit complex. Vacant.

www.sylvanlakehouseguy.com BUSINESSES • COMMERCIAL LAND • LAKEFRONTS

Central Alberta

KEN WITHER • 587-215-2245 • kswither@gmail.com • RE/MAX House of Real Estate

2300 Sunlife Place, 10123 - 99 Street Edmonton, AB T5J 3H1

780-420-1177 1-877-429-9373

www.cwedm.com INVEST IN THESE OPPORTUNITIES

EDMONTON SPORTSDOME • • •

3.84 acres of land with 85,000 sq.ft. complex $1.2 million in projected sales for 2012 $6,000,000

Contact: Ian Newman Ian.Newman@cwedm.com

PRIME WEST EDMONTON LAND • • • •

FOR SALE - VINET’S VILLAGE MALL, VEGREVILLE, AB

Purchase this 63,000 square foot retail centre in the heart of Vegreville. Existing tenants include The Bargain Shop, Value Drug Mart, and Town Medi-Clinic. The largest retail strip mall in town; price reduced to $91.50/sq. ft.

Contact Dave Cooney or Doug Fogg - Investment@cwedm.com Stettler Shopping Mall

Westlock Shopping Centre

91,403 sq. ft.; The Brick, Peavy Mart, ATB. For Sale - $60/sq.ft

64,218 sq. ft.; Peavy Mart, Bargain Shop. For Sale - $49/sq. ft.

FUTURE PETRO CANADA RETAIL SITE Purchase site with a 20 year land lease in place, located in Nisku Site will include Petro Canada Convenience Store/Gas Bar and A&W Restaurant. Asking Price: $3,600,000

Contact: Ian Newman Ian.Newman@cwedm.com

Zoned RA7 Ready to build – up to 172 units 3.34 acres Asking $4,175,000

WESTBAY CENTRE • • • •

+40,374 sq. ft. office/warehouse building; excellent tenant mix Dock and grade loading ideal owner/user building with income Asking $6,000,000

INDUSTRIAL BUILDING FOR SALE Close access to Yellowhead & St. Albert Trails, as well as Anthony Henday Drive. Three building complex, fully leased with five tenants. $6,200,000

MULHURST BAY CROSSING

Contact: Dave Cooney or Doug Fogg Investment@cwedm.com

132.4 acres on Pigeon Lake; Area structure plan approved for 207 units and 200 site RV seasonal park; 10.28 acres commercial development site.

MULTI-FAMILY PROPERTIES

DEVELOPMENT OPPORTUNITIES

COMMERCIAL CONDOS

Elinor Lake Resort; 150 acres of lakeside residential land near Lac La Biche, AB

3,000 - 9,500 sq. ft.; Perfectly located on Fort Rd. at Wayne Gretzky Drive and Yellowhead Trail Starting at $110/ sq. ft.

+/- 0.947 ACRES: Valemount, B.C. Zoned C3 (Service Commercial). $49,500

29 units in two buildings in Wetaskiwin; 80% 2-bedrooms

+/- 1.05 ACRES: Valemount, B.C.. Zoned HC (Highway Tourist Commercial). $455,000

Highrise site in Rutherford; 1.02 acres zoned for 105 units in dynamic area

High density development sites & apartment opportunities in Wetaskiwin

+/- 6.84 ACRES: Fronting St. Albert Trail, Zoned IB (Industrial Business). Two separately titled lots. $6,220,000.00

Contact: Burke Smith Burke.Smith@cwedm.com

Development land in High-Traffic area

Located in Spruce Grove on Jennifer Heil Way, north of Hwy 16. Adjacent to Superstore and Home Depot; Parcels from 1 – 3.75 acres; Great owner/user land.

Contact: Doug Fogg Doug.fogg@cwedm.com

Lac La Biche Mobile Home Park, 58 pad and 157 acre site

+1.18 ACRES: Well located with direct exposure to 50th St., Zoned CSC (Shopping Centre). $1,362,000

83 units, Morinville; 10 minutes from St. Albert; built 1980

+19.49 ACRES: Great access to Anthony Henday & Highway 16, Zoned IM (Medium Industrial)

Contact: Chris Kamphius or Raphael Yau Multifamily@cwedm.com

Contact: Jeff McCammon or Doug Bauer investment@cwedm.com


B18 Alberta

www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORW 7.93 ac C3 Zoning on Hwy 13 opp. of Airport In Wetaskiwin. $799,000 1.70 acre fully serviced industrial lot ready for development. In Stony Plain $559,900 5 acres country residential lots near Drayton Valley $65,000 ea. 39 Ac - Land on Hwy 21. Near Edmonton & Beaumont. 135 Ac - Land on Yellowknife Hwy in Vegreville. 125 Ac - Land near Drayton Valley. These lands have a good dev. potential for self storage, RV/Trailer park & residential lots.

Goldy SinGh

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

Get the Power. Each office is independently owned and operated.

Sundre, AlbertA development lAnd For SAle

INVESTMENT PROPERTIES FOR SALE

REALTY EXECUTIVES North Star EdmoNToN

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- NOW PENDING I need investment properties for all ICI categories. Looking for apartments, commercial/retail buildings, industrial properties etc. Free evaluation!

FUTURE DEVELOPMENT LAND NORThEAsT EDMONTON

3 80 acres future zoning from AG to Edmonton Energy & Technology Park Manufacturing 3 Near Anthony Henday North Leg between Manning Dr. & 50th St.

Toll Free HAROLD 1-877-428-2879 SCHMIDT CRES Cell

RICK D. JENKINS

ASSoCiATE bRokER

bus: 780-990-6120 • cell: 780-990-6120 ..email: rdjri@telus.net POLARIS REALTY

1-780-953-0306

haroldschmidt@shaw.ca

www.HaroldSchmidt.com

Commercial Realtor

To view commercial properties or find a RE/MAX Commercial practitioner near you, visit

commercial.remax-western.ca

Investments Calgary area • 310 acres, mountain view, 2 titles Priced to sell

CA LGA RY, AB

Two Marble Slab Creamery Locations Available Business Only - turn Key franchise operations MARBLE SLAB CREAMERY

MARBLE SLAB CREAMERY

• East Balzac - NE of Calgary – 151 acres, 1250 sq.ft. bungalow, 40’ x 80’ Quonset • CAR WASH – great investment – call today • 60 seat restaurant excellent return • CROSSFIELD – 2 acre industrial lot – for sale or lease

73.91 acres located within the town of Sundre with great mountain views, a half mile of Red Deer River frontage, at least 2 year round springs with ponds. Mostly open grassland with mature trees. Unlimited potential for future development or keep as a beautiful property to build & live on. Located at the end of 6 Street SW.

$1,500,000 Kimberly KimbAll, RE/MAX Complete Commercial 403-701-0459 kkimball@remax.net

• Large industrial complex for sale or lease total of 93000 sq.ft. of building- building can be leased separately – all on 6.7 acres • CARSTAIRS – Commercial lots for sale – priced to sell – call for more details

$339,000

REACH QUALIFIED BUYERS FOR YOUR LISTINGS

call Gary Takahashi

• 137 acres industrial land annexed into Crossfield, services close by, ready to be developed – excellent potential • 141 acres annexed into Crossfield, excellent potential • 132 acres highway #2 frontage, 20 minutes north of Calgary – call today • 279 acres located next to Crossfield – possible development possibilities C/S

• 79 acres Chestermere – excellent development potential • AIDRIE – Investment property-5000 sq.ft. industrial building – fully leased For more information on these and other properties

call

DOn saCKett RE/MAX ACA REAlty

toll-free: 1-800-661-6988 direct: (604) 608-5111 gtakahashi@westerninvestor.com fax: (604) 669-2154

Virtual tour at www.myvisuallistings.com/vt/90385

L AND AND PROPERT Y FOR SA LE

Corner of McKnight Blvd & Stoney Trail NE

• 151 acres east of Airdrie – PRICED TO SELL

Agents:

• Busy 17th Ave SW location • Brand new equipment • Good mix of tenants • MLS# C1021237

Virtual tour at www.myvisuallistings.com/vt/83897/photo/

• 137 acres with #2 highway frontage – excellent access

Attention

$359,000

• Store equipment is brand new • Good mix of tenants • Very busy shopping centre • MLS# C1020914

(403) 946-5657 ACA Realty

www.donsackett.com remaxaca@telus.net www.acarealty.com

Excellent Property with 23.05 Acres of land with 1488 sq ft Bi-Level walk out basement house within the Calgary city limit. Enjoy the country living inside the city limits. Total 6 bedrooms and 3 with ensuite bath. 2 Kitchens and a large MLS ® C3524429 deck facing Stoney Trail.

Virtual Tour at: www.360pics.ca/vinjaythankey/1

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

REALTY PROFESSIONALS Each office individually owned and operated

With connection in more than  85 counties worldwide put the Power of the RE/MAX brand to work for your commercial, industrial, agricultural, investment or international real estate needs.

Get the Power. commercial.remax-western.ca

Each office is independently owned and operated.


Alberta B19

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com

• Commercial & Industrial Development Opportunities • Single Family Homes & New Apartments Required • 35 minutes to Edmonton and 60 Minutes to Red Deer

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

Get the Power. Each office is independently owned and operated.

To view commercial properties or find a RE/MAX Commercial practitioner near you, visit

commercial.remax-western.ca

COLD LAKE OPPORTUNITIES

$2B Expansion at Cold Lake oilsands Take advantage of the economic spinoffs

$650,000

At entrance to Cold Lake

¼ SECTION 145 ACRES

Adjacent to city of Cold Lake boundary and golf course. Zoned Country-Residential

Development lanD 147 aC

Excellent location for development or holding investment at Pine Lake, Alberta. Directly across the road from large upscale Campground and Golf Course. Development potential may range from residential to commercial. $2,100,000.

Cell 403-391-2648

Central Alberta • Red Deer, AB

www.canadiancattleranches.com 10510 121 St., Edmonton, AB T5N 1L4

RE/MAX

$689,000

¼ SECTION 132.8 ACRES

Overlooking Jessie Lake. Adjacent to town of Bonnyville boundary. Future Country-Residential $795,000 or annex to Bonnyville

COMMERCIAL LOT IN COLD LAKE $199,000

7.2 ACRES zONED hIghwAy COMMERCIAL Services & Offsite levies prepaid!

Pine Lake

GreG Cripps Bus 403-343-3020

¼ SECTION, 150 ACRES

On Lakeshore Drive 55' x 199'

• Retail & Hotel Development Opportunities • SKYPORT at Wetaskiwin Airport Sites Available • 44,000 loyal shoppers in immediate trading area

$749,900

REAL ESTATE

ATTENTION INVESTORS AND DEVELOPERS County of Wetaskiwin, Alberta RUBY HILLS COUNTRY ESTATES Fully approved 197 acre development re-zoned country residential with 71 lots. Just 25 minutes from Edmonton Interna- Reduced! $2,449,000 obo tional Airport. Engineering, designs and permits complete. Dawn Heisler 780-619-2564 dawnheisler@remax.net RE/MAX Real Estate (edm)

ROB REGAN

780-490-9324 • ar_ar@shaw.ca

www.RobReganRealEstate.com

INVESMENT ALERT DIAMOND ESTATE ESTATE LOTS FOR SALE

Beautiful recently developed lots just off west of Beaumont and south of Ellerslie Road. It is a prestigious executive estate neighborhood located at TWP 510 and R.R 245 in Leduc county with quick and easy access to hwy 2 and only minutes away from Beaumont, Millwood’s town centre, Nisku, Leduc, Edmonton south common, Edmonton International Airport and Port Alberta. The premiere subdivision has beautiful landscaping, adventurous walking trail, and affluent park space with gorgeous 4 acre lake. Diamond Estate lots are fully serviced including: gas, water, power, high speed internet and cable, sewer and paved roads. Hurry up you can start building your next home in this prime location.

For Sale: office Condo Calgary aB Asking $675,000

4 ADjOININg COMMERCIAL LOTS Highway exposure

$95,000 each

• Excellent Manchester location. Main floor unit, 5740 2 St. SW. • Walking distance to Chinook LRT station • Over 2000 sf (wheel chair accessible)including 7 offices (all tile flooring), large board room area, utility hallway, kitchen and 2 bathrooms • Includes 4 parking stalls and visitor parking • Built in 2002, in move-in condition!

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.

Call richard

Kim 403-616-0734

RE/MAX House of Real Estate

With connection in more than  85 counties worldwide put the Power of the RE/MAX brand to work for your commercial, industrial, agricultural, investment or international real estate needs.

Get the Power. commercial.remax-western.ca

Each office is independently owned and operated.


B20 Alberta

www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORW

Colliers Macaulay Nicolls Inc.

3555 Manulife Place, 10180 – 101 Street Edmonton, AB T5J 3S4

+1 780 420 1585 www.colliers.com

Retail Investment Opportunities

Multifamily Opportunities REVELSTOKE (14 Units)

NEW LISTING Revelstoke, BC New roof, furnished suites, open concept kitchens

10651 - 105 ST. (11 Units)

PENDING Edmonton, AB Renovated suites, well-maintained, fire code compliant, LRT upside

5011-48 Avenue, Ponoka, AB 26,782 sf fully leased retail complex. The Bargain Shop, Medical Clinic, Pharmacy. Year I Income - $298,367 Price: $3,500,000

NEW LISTING Edmonton, AB New boilers, new windows, suites fully renovated, excess land, 0.7 Acre site

9903 - 156 ST. (12 Units) PENDING Edmonton, AB New roof, new boiler, new windows, fully renovated

GATEWAY VILLAGE

Unit 114, 2920 Calgary Trail South, Edmonton, AB 1,246 SF new retail condo building, highly visible to Calgary Trail. Price: $467,000

PONOKA LUBE-X BUILDING

LISTING Edmonton, AB Now accepting bids

4714 - 50 Street, Ponoka, AB 2,512 SF freestanding building, strong Covenant Tenant, Average Rental income - $69,500 Price: $868,750

www.edmontonapartmentbuildings.ca DIR +1 780 969 3006 amit.grover@colliers.com

Jandip Deol, CA

Casey McClelland

DIR +1 780 969 3043 jandip.deol@colliers.com

DIR +1 780 969 3003 casey.mcclelland@colliers.com

Land & Building Opportunities KING EDWARD CENTRE Edmonton, AB 3 large residential suites; 3 commercial units; $890,000

HUGE UPSIDE!

Fort Saskatchewan, AB 180,000 SF, 12 acres. Reduced to $5.3 million ($30.00 PSF)

Jeff Grobman

DIR +1 780 969 3031 jeff.grobman@colliers.com

Investment Opportunities

PONOKA TOWNE CENTRE

8255 - 95 AVE. (22 Units)

RENTER CENTRE PORTFOLIO (210 UNITS)

Amit Grover

Accelerating success.

PONOKA CENTRE

4800 Highway 2A, Ponoka, AB 19, 648 SF of leasable area with approximately 6 acres of excess development land. Tenants include Boston Pizza, Esso, Dairy Queen, Subway, and Dominos. Price: $8,000,000

Near Edmonton, AB RA-7 Land. 7.4 acres. Infill site, beautiful trees, south side location,

PARK AVENUE INN

Eric Slatter

DIR +1 780 969 3043 eric.slatter@colliers.com

Rutherford area.

INDUSTRIAL LOTS FOR SALE

BEAVERLODGE MOTOR INN

DOWNTOWN EDMONTON HOTEL

Fully serviced; 1.5 acres & up; $375,000 per acre

Steven Pearson

Perry Gereluk

DIR +1 780 969 3023 steven.pearson@colliers.com

COAST HOME CENTRE Edmonton, AB FOR SALE

1,600SF-30,000SF commercial condos. Great investor and owner/user opportunities.

AB: 2 adjacent parcels totaling 219.24 acres. Parcel 1: 154.66 acres, Price: $2,310,000. Parcel 2: 64.58 acres, Price: $975,000 Halfmoon Lake Land - Halfmoon Lake, AB: +/- 295 acres. 30 minutes north of Edmonton. Price: $1,180,000

LAMONT DEVELOPMENT LAND • • • • •

For Sale - Judicial Listing Future highway commercial and residential development land 143 acres Attractive financing available Price: $1,430,000 ($10,000/acre)

Mark Swaenepoel

STARS INN & SUITES

Fort Saskatchewan, AB Turnkey opportunity. Limited service. 92 room. Modern amenities. Asking $11,800,000

Beaverlodge, AB 60 rooms. Gross revenue of $4.15 million. Listed at $5,500,000

FOR SALE

FOR SALE

470.36 acres of future commercial Riverbend Heights - Athabasca, AB: and residential development land. 144 acres of land for future Highway frontage. development. Price: $2,160,000 Price: $3,000,000 ($6,378/acre) Deer Meadows I & II - Cold Lake,

DIR +1 780 969 3037 mark.swaenepoel@colliers.com

Fort Saskatchewan, AB Limited service, 99 rooms, built between 1995 to 2000. Asking $10,400,000

Nisku, AB (VIP Lands)

Cold Lake, AB

EDGEWORTH RESIDENTIAL DEVELOPMENT LAND PORTFOLIO

NE-20-55-19-W4, Lamont, AB

Hotel Opportunities

DEVELOPMENT SITE

COLD LAKE DEVELOPMENT LAND

Edmonton, AB Higher quality hotel, significant food and beverage. Asking $9,400,000

DIR +1 780 969 3001 andrew.simpson@colliers.com

Land Opportunities BOUNDARY LANDS SPRUCE GROVE MULTI- SPRUCE GROVE/STONY PLAIN FAMILY SITES

Boundary Rd & Highway 16A Spruce Grove, AB Stony Plain, AB 5 x Multi family development 152.61 Acre development site. sites. Ranging from 1-4 acres. Within THE LINKS Golf Course. Future commercial, industrial and residential

Mike Keating

DIR +1 780 969 3028 mike.keating@colliers.com

DIR +1 780 969 2979 perry.gereluk@colliers.com

Andrew Simpson

Matthew Best

DIR +1 780 969 3036 matthew.best@colliers.com

Fort McMurray Opportunities FISHER POWERLINE

Fort McMurray, AB 230 Taiga Nova Crescent. For lease. 4,575 SF bay with ample parking

KUUSAMO DEVELOPMENTS Fort McMurray, AB

400 MacKenzie Boulevard

For sale and lease options available

Excellent location

1,584 SF - 29,040 SF available

Assigned Parking

OFFICE UNITS FOR LEASE

Fort McMurray, AB New buildings currently under construction. Occupancy late 2012.

185 TAIGA NOVA CRESCENT FOR PROPERTY SOLUTIONS Fort McMurray, AB

35,081 SF available

3.19 acres

For sale or lease options

Excellent location and parking available

ACUREN BUILDING

Fort McMurray, AB 240 Taiga Nova Crescent. 12,978 SF for lease

KUUSAMO DEVELOPMENTS Fort McMurray, AB

405 Taiga Nova Crescent

Excellent location

10,080 SF available

Excellent tenants

TWO COMMERCIAL LOTS PLUS BUILDINGS

Anzac, AB Currently operates as a restaurant with staff accommodations. Excellent recent upgrades and improvements. $1,400,000.

TWIN TOWERS ON MANNING AVENUE Fort McMurray, AB Residential condominium project for sale. Price: $6,900,000.

MACKENZIE INDUSTRIAL PARK

Fort McMurray, AB 3,750 SF shop for lease. Available immediately

RV PARK

Fort McMurray, AB 140 lot RV Park on 29.04 acres. Located near Airport Road.

280 MacLennan Crescent

Fort McMurray, AB Two buildings fully leased. Excellent income. $6,750,000. Great opportunity.

145 MACMILLAN ROAD

Fort McMurray, AB Land & building with great tenants fully leased. NOI $721,00. Excellent investment with escalation annually.

Ken Shebib, CCIM MOB

+1 780 863 7355

DIR +1 780 881 6297 ken.shebib@colliers.com


Alberta B21

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com

I

nvestors who jumped into the Fort Macleod property market after the province confirmed funding for a new provincial police college in that community earlier this year recently learned a hard lesson: don’t trust the government. Faced with a mounting 2012-13 deficit thanks to lower-than-expected oil prices, the province is tightening its belt. As a result, it’s nixed funding for some projects, including the $122 million training centre envisioned for the community 150 kilometres south of Calgary.

Red Deer industrial space tightening

R

ed Deer industrial tenants and ownerusers gobbled up roughly 305,000 square feet of space in that city between July 2011 and July 2012, according to a recent report from a leading central Alberta appraisal firm. Soderquist Appraisals Ltd., based in Red Deer, found that the city’s industrial vacancy rate had dropped from 3.57 per cent last July to 3.33 per cent this summer, despite new space coming on the market. According to Soderquist, actual vacant space shrunk by 4.8 per cent to 407,000 square feet as oilpatch and other businesses expanded in Red Deer.

COMMERCIAL (RE/MAX Excellence)

ity and county officials in northwest Alberta were sounding upbeat in late summer as they worked toward an agreement that will help determine future growth in the Grande Prairie area. The goal of the City of Grande Prairie and the surrounding County of Grande Prairie is to forge an agreement that can go to Alberta’s municipal government board for consideration. The two districts agreed in 2010 to an intermunicipal development plan that would see the city annex roughly 6,300 hectares (13,800 acres) from the county. Grande Prairie is back in growth mode after a slowdown in 2009 and 2010, and recently passed the 55,000 population mark. “We’re pleased to see momentum occurring in this process and look forward to making further progress at our next session,” said Grande Prairie Mayor Bill Givens. “Annexation is a key issue for the city with our ongoing growth, so we’re eager to see our application move on.”

Lacombe lands industrial deal

T

he City of Lacombe approved the purchase of roughly 34 acres of land in the Wolf Creek Industrial Park. The city will use some of the land for its infrastructure-services building and yard, and resell the rest for development. The land cost the city $1.65 million, said Lacombe’s mayor, Steve Christie.

Arena not only giant coming to downtown Edmonton

M

ore than a new, $450 million arena complex could be headed for Edmonton’s downtown. T h a t ’s a key me s s age i n a research report prepared for the Downtown Business Association of Edmonton. The report, completed in late summer, chronicles roughly $4.8 billion in developments that are on the way, funded, proposed or rumoured for the Alberta $450 million arena could anchor capital’s downtown. capital’s core in the next five years. While a new arena for the NHL’s Edmonton Oilers is a key piece to the puzzle, the report notes other significant potential developments, from the new $340 million provincial museum to $766 million in probable, proposed or rumoured residential projects. The probable category for developments discussed in the report includes those already under construction, are expected to be proceeding soon or exhibit evidence of a high degree of probability of commencing within the next five years. This category includes just over $2 billion in projects, and includes $270 million to be spent on education campuses in the city’s core. The report’s executive summary certainly has an element of boosterism to it, even with the healthy numbers: “The results are impressive. Downtown is poised to experience up to nearly $5 billion worth of real estate development and capital investment between now and the end of 2017. There is indeed something incredible taking place in the heart of Edmonton.” Photo: City of Edmonton

Grande Prairie Alberta studies Fort Macleod cop annexation C college nixed W h At ’ s h A p p E n i n g i n

Fort Mac’s Oil Sands hotel levelled

A

notorious Fort McMurray landmark is being scrubbed to make way for downtown redevelopment in the oilsands city. Demolition work is scheduled for this fall to clear the former Oil Sands Hotel – the home of the Oil Can Tavern and Teasers Strip Bar – that the Regional Municipality of

Phone: (780) 481 - 2950 Toll Free: (866) 481 - 2950 17718 - 64th Ave Edmonton, AB T5T 4J5

Wood Buffalo purchased on August 3 in order to facilitate future development of one of the downtown’s key projects. The old hotel was well known by both partiers and police, locals say. “This demolition marks a visual milestone of our City Centre redevelopment,” said Brian Makey, deputy chief administration officer for Wood Buffalo. Makey added: “Although redevelopment of the site is not scheduled to commence until 2013, demolition of the building needs to occur as soon as possible for public safety.”u – Compiled by Dave Husdal

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LAND

INDUSTRIAL

INVESTMENT

FOR LEASE

PRIME YELLOWHEAD LAND DEVELOPMENT

61,200 SF WAREHOUSE W/OFFICE & RAIL ACCESS

PEPPER’S HWY SERVICE STATION W/LAND

FORT ROAD CENTRE

1850 Yellowhead Trail Edm 1.72 acres w/ business included

14135 - 128 Avenue Edmonton Situated on 2.80 acres (IM)

Gas, conv. store, liquor store, car wash, restaurant & tire shop

Up to 18,000 SF Available Office, Retail or Professional developed space with elevator

$5,495,000

$6,900,000

$16.00/SF

$2,125,000

Contact Miki O’Ree (780) 641 - 1338

Contact Sam Narayan (780) 902 - 5599

Contact Simon Kim 1 (855) 828 - 1212

Contact Seif Jiwaji (780) 905 - 7143

w w w.RemaxComm.ca


B22 Alberta

PRIME HIGHWAY

www.danpreston.ca

Personal Real Estate Corporation LAND ASSEMBLY • DEVELOPMENT • INCOME PROPERTIES

WHISTLER REVENUE TOWNHOUSE $399,000 3 bed - 3 bath - $2,400 pm income 36 units on 10 acres - Site Redevelopment Potential

DWTWN VAN – 2 LEVEL PENTHOUSE $999,000 1764 SF, 3 BD, 3 BTH, 2 Parking, below Tax Value

COMMERCIAL • •

SENIOR'S DEVELOPMENT SITE SALE: $1,990,000

Foundation in place, tendered plans, permits, ready to complete. 88 units. Creston, B.C.

The Regional Centre of East Central Alberta Lots next to our new Hotel Convention Centre and Casino 3 to 4 acre parcels - starting at $175,000 per acre

SEE OUR AD ON THE BACK OF THIS ISSUE ! Ray Telford • Economic Development • info@camrose.ca • 1-888-672-4426 • • camrose.ca • Contact us for a free information package!

March Western Investor.indd 7

3555 Manulife Place, 10180 – 101 Street Edmonton, AB T5J 3S4

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

$ $ $ InVeStmentS $ FOR SALE $ $ Edmonton Apartment Buildings $ from $85,000/ unit $ Townhouses South Edmonton $ From 195,000/Unit to qualified $ buyer. Seller may carry second $ mortgage. Good revenue low $ down. $ $ Condo units from $115,000/unit $ $ Farm/Pasture Land. 640 acres NW of Edmonton $ $ Total Price: $800,000 $ Warehouse, Commercial, $ Shopping Malls and $ Development Properties. $ $

edmonton

For Additional Information

Bob Affleck Coldwell Banker Battle River

Colliers Macaulay Nicolls Inc.

www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORW

4/23/2012 2:06:49 PM

+1 780 420 1585

www.collierscanada.com/3645

Accelerating success.

Call LAwrenCe STeInKe & CompAny reALTy LTd.

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

Val Toffoli

selling Edmonton since 1987

Phone: 780-707-9395

REALTY ExEcuTiVEs POLARis

4107 - 99th street, Edm, AB T6E 3N4 Email: vtoffoli@shaw.ca • www.valtoffoli.com APARTMENT BUILDINGS • 12 Ste Character Bldg. Central McDougal. Over 6.5% cap rate. Some upgrades. Seller open to Reasonable Offers! • 20 Stes – Great Central Location – Extensive Upgrades – Lge Stes – Excellent Mix – 10 Yr Assumable Mtg – 2nd VTB Mtg possible. 6% Cap Rate MULTI FAMILY • 6 - 200+ ste projects available with 100% Buyer Representation to ensure your best interests are represented 100%! Call for Details. LAND – BED & BREAKFAST? RETREAT? RURAL SUBDIVISION? EQUESTRIAN CTR? • 74.48 Private & Secluded Treed Acres. 10 min to Edm & Devon. 15 min to Airport. One of a Kind 6500 sq.ft. above grade 5 level split designed by Wensley (of Shaw Ctr fame). 8 Bdrms - 6 Bathrooms - 3 F.P. - Sauna - X-Lge Living Rm, Games Rm, Rec Rm, Family Rm, Dining Areas; Huge Kitchen & Pantry plus Lge Loft. Very Open Contemporary Concept - Extensive use of Concrete, Wood & Glass. Vaulted Ceilings. Huge Windows extending Living Space to the Private Park-like Setting. Possibilities are Endless for this Exceptional Property. WANTED: APARTMENT BUILDINGS Have Qualified Buyers Ready to Purchase!

FORT MCMURRAY – FOR SALE OR LEASE NEW INDUSTRIAL SPACE AVAILABLE – 2012

AircrAfT HAngAr for SAlE Highway 830, Warren Thomas Aerodrome, Strathcona county, Alberta • Located in the Alberta Industrial Heartland • 75 feet X 100 feet pre-engineered steel construction • 25 foot clear ceiling height • First rate construction throughout building • In-floor heating, T5 lighting, 75 foot bi-fold door • Secure parking

• 12,000 to 36,000 sq ft on 3.2 Acres • Lots of parking and yard space

Mike George: 403-396-0026 or Bill Schoemaker: 403-391-2344

Ken Williamson, cfA Dir +1 780 969 2999

ken.williamson@colliers.com

Avison Young Lethbridge Inc.

FOR SALE

partnership. performance.

(2006) LTD.

www.property-solutions.ca

Pincher Creek, AB 7300 sqft bldg on 4.76 acres in Pincher Station. Former Livestock Auction Market. 4 offices, 4 other rooms, 2 bathrooms. Potential for offices, storage facility with land base to expand, retail, MFG or commercial venture. Railroad siding track adjacent to property $250,000

Multi-Family Specials: New Opportunity $1,195,000 2102 - 25 Street, Coaldale, 8 Units, Great Location, Higher End Construction, $92,000 Projected Income. Franchised Restaurant available. Call for details.

Cranbrook, BC Investment Opportunity, 81.5 acres annexed into Cranbrook between Wildstone and Shadow Mountain Golf Course. 1400 sqft home finished up and down, 4300 sq.ft. commercial shop w/35’ x 72’ attached carport and 400 amp power. Ideal for commercial, MFG, trucking or Agricultural business with sub-division potential now or in the future. Buildings in excellent condition. $1,395,000

Downtown Opportunity $3,000,000 122 - 5th Street South, Lethbridge, 29 Multi-Family Units, 3 Commercial Units, Large Penthouse Owner Suite with Double Car Garage. $210,000 Projected Income. For further information contact:

Doug Mereska, Broker

doug.mereska@avisonyoung.com 403.330.3338 ext. 1

Kendal Hachkowski Associate

kendal.hachkowski@avisonyoung.com 403.330.3338 ext 5

#217 - 200 4th Avenue S, Lethbridge, AB

Harry Lively Cell 403-652-0353

Office 403-646-2910


Saskatchewan B23

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com W h at ’ s h a p p e n i n G i n

saskatchewan

was up by 1.4 per cent to 1,700. Saskatoon’s year-over-year employment was up 4.8 per cent to 6,800.

Giant road trains tested on big-city grocery runs

Average weekly T Record job growth reported salary nears $900

S

askatchewan’s economy continues to lead the country, with a new report showing average weekly earnings in the province jumping 5.4 per cent in May when compared with May 2011. The increase tied with Newfoundland and Labrador for the highest among the provinces and well ahead of the 2.5 per cent increase on a national basis. “As wages rise the benefit not only extends to Saskatchewan workers, but to our overall economic growth,” said Economy Minister Bill Boyd. “The record retail sales numbers released earlier this week demonstrates the power that more disposable income will have with an end result – a growing and prosperous economy.” Average weekly earnings for May 2012 totalled $897.80, the fourth highest in the nation. Saskatchewan has had average weekly earnings above the national average every month since August 2011.

Sask builders lead the nation

S

askatchewan posted strong growth in non-residential construction activity in the second quarter of 2012, with a 6 per cent increase from the first quarter – the highest percentage gain among the provinces and well ahead of the 1.8 per cent increase nationally. Non-residential construction in the

“Saskatchewan’s largest commercial real estate company”

Mcarthur business centre

4002 & 4014 arthur rose avenue Land Size: Approximately 4.02 acres Building Size: ±45,360 sq. ft. (2 Phases) Unit Size: 2,520 sq. ft. unit (28’ front x 90’ depth) sale Price: $485,000 (Per unit) Contact: John Kachur & Josh Walchuk

investMent oPPortunity

For sale 1201- 101st street, north battleford, sK Annual Net Income: $72,000 Cap Rate: 8.47% sale Price: $750,000 Contact: Ken Kreutzwieser

Photo: Province of Saskatchewan

T

here were more people working in Saskatchewan in the month of July than ever before, according to the latest Labour Force Survey released by Statistics Canada. A total of 542,600 people were employed in July – an increase of 10,000 jobs compared with last July, setting a new all-time high for the month. This is on trend with the province’s year-over-year employment numbers, which have reached record monthly highs for eight consecutive months. The province also reached an all-time high for full-time employment in July, with the number of people working in full-time positions increasing by 9,600 to 462,100. This was a jump of 2.1 per cent over July 2011. Saskatchewan’s unemployment rate was the second lowest in the country at 5 per cent. “These numbers are positive news for the province and an indicator of steady economic growth,” Advanced Education Minister Don Morgan said on behalf of Economy Minister Bill Boyd. Other highlights of the survey included: • Saskatchewan’s growth rate was up 1.9 per cent, the third highest among the provinces behind Alberta and Prince Edward Island; • seasonally adjusted employment in the province increased 0.1 per cent in July from the previous month. This was the fifth highest growth rate in the country; and • Regina’s year-over-year employment

riple trailer trucks,or “road trains,” began running between Saskatoon and Regina this year in a provincial government pilot program aimed at boosting transport efficiency. The experiment allows Triple-trailer road trains now running. truckers to hook a third 53-foot trailer to long-combination vehicles (LCVs) as part of a transportation partnership between government and industry to boost payloads while minimizing the impact on highways. “We’ve always been looking to get longer and heavier,” said Mike Burnett, director of logistics, central region, Saskatchewan Department of Highways and Infrastructure. “That’s just the nature of what the program is about.” The pilot project, which has been in the works for a couple of years, is part of the province’s attempt to become more competitive in the global marketplace, according to Burnett. The LCVs push dovetails with the 2,000-acre Global Transportation Hub (GTH), located at the west end of Regina on the Canadian Pacific main line between Highway 1 and Highway 11. Currently, the project sees a single company from the GTH – Loblaw – running a triple road train from the hub to the outskirts of Saskatoon, where the third trailer is uncoupled and taken into the city by itself. Burnett says Loblaw was chosen because it’s the “anchor client in the GTH, so it made sense for them to take the lead.” Andrew Cipywnyk, director of trucking policy and regulation, says that, as a part of the pilot project, “we’re looking at things like the operation of the vehicle and the whole issue of whether it fits in Saskatchewan.” The road train run is made five days a week, weather permitting, with the train allowed to operate only between 9 p.m. and 6 a.m. and at a maximum speed of 90 kilometres per hour. “We haven’t really had any negative feedback,” Burnett said. “Loblaw has certainly been very conscientious, making sure they err on the side of caution, and they’ve been a very good partner through this.”

province totalled $426 million (seasonally adjusted) in the second quarter, the highest on record for that period, according to Statistics Canada. Non-residential construction was also up year-over-year, increasing 21.4 per cent over the second quarter of 2011 – the second-highest growth rate in the nation.

S A S K AT O O N APARTMENTS

Saskatoon had the second-highest increase among major Canadian cities, up 34.4 per cent to $177 million from $131 million during the same period last year. Regina’s non-residential construction activity of $105 million in the second quarter was down 4.3 per cent from $110 million in the second quarter in 2011.u

IndustrIal Warehouse

WA N T E D ! Call

DEL PETERS REALTY 306.934.3151

www.delpetersrealty.com

investMent oPPortunity

highway 9 south, hudson bay, sK Building Size: 39,380 sq. ft. Land Size: 18.88 acres New renovations completed, doors and insulation sale Price: $1,900,000 Contact: Eugene Hritzuk & Davin Heiser

investMent oPPortunity

For sale – 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

ICR Commercial Real Estate www.icrcommercial.com

Downtown Office: 306.664.6116 North Office: 306.933.2929 Regina Office: 306.721.6116

Asking $2,500,000 MLS® Located on 51.84 acres north east of Prince Albert, this well established third generation treenursery presents an incredible business opportunity. Landscaping business boasts a very strong EBITDA. Price includes all: land, greenhouses, buildings, improvements, irrigation equipment, mechanical equipment, inventory, growing supplies, and business contracts. http://TreeNursery.FarmsofCanada.com

Investment Building For Sale Saskatoon 22,000 sq.ft. warehouse with 3800 sq.ft. office space 7.5% cap rate No brokers - only qualified, serious principals.

Contact George Turanich 306-241-1168 Turanich Acquisitions and Management Bay 1, 502 45th Street West, Saskatoon, SK


B24 Saskatchewan

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

CALL 1 866 405 1228 grain land investment opportunities 25% doWn BalanCe mortgage (oaC)

Call today for your opportunity

www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

NEW CONDO DEVELOPMENT, ALLAN, SASKATCHEWAN

Mobile HoMe Parks estevan, saskatchewan

A booming oil & gas community Mobile Homes sites @$500, + 5 houses + 12 newly constructed kitchenettes, large work shop on 15 acres of land . Showing 13% + net return. A rare find. Asking $3.4 Million Plus Additional 10 acres of commercial zoned land, all services.

30 mins east of Saskatoon. Expanding Potash Corp + lack of housing makes this a great investment 2 and 3 bedroom condos - each have A/C, separate entrance & detached garage + outdoor electrified parking. 6 units per building. $1,200,000 for whole building. EXCL.

RUTH REDDEKOPP RE/MAX Saskatoon 306-222-1661 Petrofka Bridge orchard $749,900 Beautiful acreage / progressive Apple Orchard 35 acres located on the North Sask River

MLS® 410521

ed Bobiash

Farm & Acreage Specialist 306-222-7770 • ed@ebteam.ca www.saskland4sale.com

Property consists of a 1360 sq. ft. bungalow home with solarium. Home has five bedrooms, 4 bathrooms. Centre has 137’ x 59’ arena, 116’ x 58’ stable, 95’ x 36’ hay shed, 40’ x 16’ suite over stafles, 20 box stalls, 3 dug outs, paddocks and corrals. Set on 148.64 acres. 15 minutes north of Saskatoon. MLS. $1,200,000.

blackfalds, alberta 82 site Mobile Home Park D with house + @ $400.00Sper O Lsite

Wintonyk grain Land $459,900 Good Grain Land just North of Highway 40 West of Blaine Lake. 445 Acres in the RM of Redberry #435.

MLS® 436985 RE/MAX Saskatoon

North Fork EQUESTRIAN CENTRE

DON FRY

RE/MAX Don Fry (306) 222-0053 or 1-866-664-3800 e-mail: don@donfry.com Photos at www.saskrealty.com

5 acres of residential land.

kinLey acreage $99,900 Existing Old Farm Yard Site on 79.22 Acres. Mature Trees, Active Power, Natural Gas Runs Through the Property

MLS® 442196

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

Mt. Sentinel

Walter Tymofievich Realty Ltd. 250-487-1585 mt.sentinel@shaw.ca SaSkatchewan

Accelerating success. FOR SalE

Fabulous acreage ideally located on the rolling plains just 12 minutes east of Regina. 156 acres w/ potential to subdivide 132 of those acres into app. 28 acreage sites. Existing buildings include a 1996 blt. 1603 sqft walk out bungalow w/ triple attached heated garage and a 36x40 heated shop. Beautifully landscaped yard straight out of Better Homes & Gardens w/ over 10,000 trees, numerous flower beds, shrubs etc. Excellent well for unlimited water. K-12 school 3.5 miles away in Balgonie.

Asking price $1,600,000 Contact Geri Ivey 737-1233 or Keith Bartlett 535-5707

To take a virtual tour go to: http://www.myvisuallistings.com/vt/92157

SASKATOON EAST 320-ACRES

• • •

two (2) 160-acre lots north quarter two (2) miles east & half a mile north of 8th Street east South quarter three (3) miles east & adjacent to 8th Street east

List Price: $1,100,000 (north 1/4) $1,200,000 (south 1/4) MLS®

Ken Suchan* / 306 221 1825 / ken.suchan@colliers.com

*

Sutton Group Results Realty

FOR SalE

Ken Suchan is a Licensed Broker with Ken Suchan Realty Inc. and has a contractual relationship with Colliers McClocklin Real Estate Corp.

1212 12th ST - HUMBOLDT

• Located in the north-end of 17.65-acres of land close proximity to golf course, humboldt at intersection of new 42-bed hospital and two Main Street and 12th avenue (2) elementary schools • List Price: $3,700,000 MLS® • •

Ken Suchan* / 306 221 1825 / ken.suchan@colliers.com Ken Suchan is a Licensed Broker with Ken Suchan Realty Inc. and has a contractual relationship with Colliers McClocklin Real Estate Corp.

*

Colliers McClocklin Real Estate Corp. / 306 664 4433 / www.collierscanada.com/saskatoon CIR Commercial Realty Inc. / 306 789 8300 / www.collierscanada.com/regina

Marketing commercial real estate in Western Canada. In Print. On Line. NOVEMBER ISSUE: AD DEADLINE OCTOBER 15 Report: US Sunbelt Retail update Investing 101: Lease negotiations Franchise News Lifestyle Properties

Every Month!

Regional Roundups: BC: White Rock/South Surrey AB: Drumheller SK: Estevan MB: Spotlight: Winkler

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

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B25

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com

COVER Churchill scrambles to attract global and domestic shippers as Wheat Board monopoly ends

Port in a storm

I

t would have been easy, some may even say wise, for the Town of Churchill to simply turn out the lights after Stephen Harper’s government disbanded the Canadian Wheat Board (CWB) earlier this year.

After all, 95 per cent of every shipment that used to go through the Port of Churchill was CWB grain. Not only was the port a hub of activity, it was also one of the town’s topthree employers. But the certainty of guaranteed business ended after the feds dismantled the 76-yearold agency and its decades-long monopoly over western Canadian wheat and barley sales. The port has challenges. It is remote, operates only in warmer months, has only a limited short-line rail service, lacks allweather road connections and has no national air service. Instead of rolling over, however, town officials are stepping up to do everything in their power to ensure a long-term future for Manitoba’s northernmost community. Churchill Gateway Development Corp. (CGDC), which markets the port, is attempting to diversify its customer base and working to create a thriving hub where a wide variety of goods come and go to destinations as far away as Europe, South America and Mexico. And despite some fears that the grain business would dry up, Jeff McEachern, executive director of CGDC, said that a federal incentive program for grain companies,

Photo: Port of Churchill

WESTErN INvESTOr

which provides $9 per tonne to grain shippers, is almost fully subscribed. That will bring the port’s shipments up to 511,000 metric tonnes of grain this year, which is roughly on par with recent years. But if movers and shakers in Churchill have learned anything at all this year, it’s not to rely on Ottawa for everything ad infinitum.

Potash? Oil?

As such, McEachern is looking at opportunities to move potash, a red-hot commodity in neighbouring Saskatchewan, to Brazil or India while simultaneously working to attract imports of fertilizer products to be distributed throughout Western Canada. And with congested oil pipelines convincing many oil and gas players to use rail to move crude from Western Canada to refineries, he’s also hoping to persuade some of them to shift their activity to Churchill. “I spend every waking hour looking at different opportunities. We’re trying to develop long-term sustainability through diversification and make sure [the port] is a multi-commodity facility in the future,” McEachern said. Some of these possibilities are off the grid, to be sure. For example, there’s rising demand in Europe for wood waste in saw mills because of coal-burning restrictions. The waste is compressed into a pellet and then burned to produce energy. “They’re trying to reduce the amount of

Photo: Corporal Tina Gillies

GEOFF KIRBYSON

coal consumed [in Europe] by 20 per cent between now and 2020. That’s creating rising demand in wood pellets and that’s a growth opportunity for us,” he explained. While global warming is definitely a risk in and around Churchill – polar bears are threatened because there is less ice on which they can hunt seals, for example – it also presents an expanded shipping season at the port. So, why would somebody want to ship from the southern edge of Canada’s Arctic? Simple: it’s cheaper when dealing with a number of significant export markets. McEachern said if you’re sourcing grain from Saskatchewan, it’s much closer to get to Churchill by rail than to Thunder Bay. And the northern shipping route – from Hudson

TOP: The Port of Churchill: ice-free water but empty docks feared as Canadian Wheat Board shipments slow. The port is hoping to diversify into potash and even oil and ore shipments as melting ice extends shipping season. LEFT: Beluga whales, like polar bears, are a main tourist attraction in Churchill.

Bay through Hudson Straight and north of Quebec to the Atlantic Ocean – is much quicker than going via the Great Lakes. “People think about Churchill as being so far north but it’s closer than you think for your goods’ ultimate destination,” he said. “Churchill is fewer sailing days to many export markets like Europe and Africa than Thunder Bay.”

Whales and bears

If only those ships could bring tourists looking for polar bears and beluga whales, then Churchill’s biggest industry would really take off. Sightseers flock to town in June, July and August to see the former and October and

Please see Tourists page B26

Manitoba MOTEL 20 rooms, large bar and restaurant, beer vendor. located on the edge of oil country, close to us border.

www.westerninvestor.com

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B R A N D O N , M A N I TO B A MOTEL 26 rooms, leased out restaurant, located on transcanada highway, steady clientele. GROCERY STORE located in growing town, family-run, priced for quick sale. price $300,000. plus inventory. HUNTING LAND 450 acres plus, rolling hills, hunting towers, hunting cabin, lots of wildlife.

“WE HAVE RESTAURANTS, GAS STATIONS, GROCERY STORES, INVESTMENT PROPERTIES, FOR SALE AND IF WE DO NOT HAVE IT WE WILL FIND IT.”

Award winning 18 hole golf course for sale Score magazine’s “Best Canadian family owned and operated course 2009” nominated for Golf Digest’s “Top 100 courses in Canada list.” This scenic lakeside course is a turnkey operation with all assets and equipment • Includes licensed restaurant and clubhouse • 35 golf carts. • 1400 sq ft home, and resale building lots to help recover some of your investment. Arlene Klassen 204-523-6092 arlene.klassen@century21.ca Bill Nicholls

Century-21 Westman.com Brandon, MB

Direct Line: 204-729-5074

BUY

Your hunt for the right investment could be right in the pages of the Western Investor. Every month you’ll find $2 Billion worth of opportunities.

1-800-661-6988

Email:

mmelnyk@mts.net

204-761-0141 bill.nicholls@century21.ca

Century21Westman.com

Brandon, MB: Reputable & established 74 seat licensed Family Restaurant, separate lounge (can seat 28 diners), full Kitchen with all equipment, freehold property incl. Wanting to retire, the present owners have operated a successful business for the past 18 years, good visible Main Street location in the thriving city of Brandon.

Rivers, MB. - Modernized 2572 sq ft Commercial building formerly used as a

52 person Café & Catering business in the expanding town of Rivers, full kitchen (all restaurant & kitchen equipment - optional extra). Private functions, parties, etc. can seat up to 80 people. Rivers is located 20 minutes NW of Brandon.

Call MauRiCe ToRR 204-729-6644 Century 21 Westman.com, Brandon, MB


B26 Manitoba/Franchises

marketing your franchise?

TOURISTS from B25

November to see the latter (hence, Churchill’s long-standing proclamation that it is the polar bear and the beluga whale capital of the world). The number of adventurous tourists, however, ebbs and flows with the economy, and right now the tide is low. Tourism season is when Churchill’s population peaks at around 1,200. According to the latest census, the town has about 925 fulltime residents, down from nearly 1,000 in the previous census.

Realtor free

Call the

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

A declining population hasn’t affected the realty business, however, because there aren’t any realtors in Churchill. If you want to buy or sell a house, simply turn on local cable channel 18 to see the local listings. Albert Meijering, chief administrative officer for the town, agrees it was dealt a lousy hand by Ottawa. But, rather than crying over spilled grain, town officials decided to work with federal and provincial officials. A report from a task force on the future of port activity, which began in June, is due this November.

www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORW

Even though Churchill is remote, Meijering says the town can act as a year-round service centre for more than 8,000 people within a 700-kilometre radius. That includes both northern Manitoba and Nunavut. The latter’s mining industry, including projects in Baker Lake, Rankin Inlet, Halt Beach and the Kivilliq district, could be a veritable gold mine for Churchill. “We are a natural choice for shipping goods to the mines as well as getting resources out,” Meijering said. In June, the town also announced a new partnership with the Winnipeg Airports Authority, called Churchill Transportation Inc., which will work to realize the economic potential of its uniquely-equipped airport.

Military

Churchill’s runway, at 9,800 feet, was built to military standards and is one of the longest in North America. It is one of the few remnants left over from the days of Fort Churchill, when 5,000 military personnel were stationed there. The base may have closed in 1982, but there’s still a regular Canadian Rangers exercise that takes place in Churchill every two years for two weeks. The Rangers are seen as the first line of defence for northern Canada.

Quick facts

HUDSON BAY

CHURCHILL Manitoba

Ontario

Winnipeg

Churchill, MB Population 925 Biggest employers Churchill Regional Health Authority, tourism Average house price Make an offer

This summer, an “unannounced vessel” ventured into Hudson Bay and was pursued and apprehended by a frigate and Canadian Coast Guard vessel. The joint training exercise was designed to demonstrate the military’s capability to defend the sovereignty of the North, which is under increased pressure. u

Consider converting to a eco-friendly franchise system or adding something new!

Grow with Lawn If you areGreen seeking increased market a share and addedCare customerFranchise! value, adding aan Nutrilawn franchiseororincreased converting your If you arethen seeking opportunity market share and existing lawn care business may be the answer. added customer value for your existing business, then owning a • Avg. gross sales of $850K per year Nutrilawn• 100% franchise may be the answer. financing of franchise fee and conversion cost.

1-800-661-6988

• Ongoing training support • 100% financing ofagronomic franchise feeand forbusiness existing Conversion Operators • Industry leading technology and management tools • Ongoing agronomic training and business Sidebar: • Established concept, 25 plus years support • Industry leading technology & management tools Take this opportunity to learn more from a leader in the lawn care business. • Established concept , 25 years Quick facts or no cost conversion or financed add on, wefor are happy to provide • Up Low to 100% financing ofafranchise fee, all new Start-Ups. more information, be the first one in your area to learn more.

Learn more from a leader in the lawn care business.

Map from OCT08 WI

FIND OUT IF A NUTRILAWN FRANCHISE IS RIGHT FOR YOU. Churchill, MB Contact: Steven Seabaugh, Dir. of Franchise DevelopmentPopulation 925 706-559-9603 or sseabaugh@nutrilawn.com

www.westerninvestor.com

Biggest employers Churchill Regional Health Authority, tourism Average house price Make an offer

Done Deals --30--

New! 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: • What was sold or leased? • Who was the vendor (if possible)? • Who was the buyer/tenant? • If the name of the buyer is confidential, please tell what type of buyer (i.e., REIT, institutional, local investor, foreign investor, owner/builder) • Who was the listing agent/agency? • What was the selling price? Please forward this information directly to: Frank O’Brien, Western Investor Editor at wieditor@biv.com.

FraNk O'BrieN Editor

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


Franchises B27

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com

GE Capital backs Smashburger expanding again Temple REIT

G

E Capital Franchise Finance has provided Temple Real Estate Investment Trust (Temple REIT) with $20 million toward its purchase of the Aquire Hotel in West Edmonton. The six-storey, 160-room hotel is located near West Edmonton Mall, the city’s top tourist destination. “GE Capital has helped us complete two acquisitions since the beginning of the year,” said Arni Thorsteinson, president and chief executive officer of Winnipegbased Temple REIT. “GE’s franchise finance team understands our business and the hotel sector, and it shows in the execution of the transactions.” “We are very pleased to be able to support Temple REIT in this second acquisition,” said Edward Khediguian, senior vicepresident of GE Capital’s franchise finance business here. “We’ve financed more than $1 billion in hotel transactions in Canada over the last 10 years, and we remain committed to the industry.” Temple REIT is an open-ended real estate investment trust focused on owning and acquiring hotel properties in primary and secondary markets across Western Canada. It owns and operates 15 properties offering 1,868 guest rooms across Western Canada, with eight hotels offering 834 guest rooms located in Fort McMurray, Alberta.

U

E

urope-based GeoWash, a franchise in the ecological car-wash business, is expanding rapidly with business in over 30 countries. Now, Canadian franchisee Ali Dohaini has opened the very first GeoWash franchise in Toronto. The concept of GeoWash is simple: a mobile unit comes to where a car is parked and washes it right on the spot. The GeoWash units use very little water, as well GeoWash mobile car washes go anyas environmentally conscious detergents where. and materials. “We use less than a litre of water per car, whereas traditional car washes use 90 gallons of water,” said Dohaini. “We offer superior interior and exterior cleaning, using biodegradable products.” Dohaini is originally from Lebanon and holds an MBA. After sorting through hundreds of franchise opportunities over the past year, he decided that the GeoWash opportunity was the best choice for him. GeoWash has more than 10 years’ experience in the mobile car-wash franchise industry. Its concept and business model have been implemented worldwide and the company is pushing to expand franchise opportunities in Western Canada. GeoWash franchise equipment costs between $25,000 and $50,000 and the franchise fee is between $22,000 and $32,500, depending on the region.

.S.-based Smashburger recently opened its second Canadian location in Calgary’s Royal Oak neighbourhood after the successful opening of its first Canadian restaurant in the northeast part of that city in May. Smashburger has plans to open 15 locations in Calgary and Edmonton and is looking for franchisees to expand the brand in Vancouver and Toronto. Smashburger is a national chain of hamburger restaurants that etches its own market niche with its unique method of cooking burgers by “smashing” a ball of beef on the grill to “sear in the juices.” Smashburger franchisees need a minimum liquidity requirement of $800,000 or more, while Canada is privy to McPoutine. Now depending on the size of development. The the franchise is planning to try something franchise fee is $40,000. radical at an upcoming location in India: its first-ever fully vegetarian outlet. While going fully vegetarian is a big departure for McDonald’s, it makes perfect sense in the context of its surroundings. Hinduism – which accounts for the religious majority in India, with 80 per cent of the population practising – views cows as sacred beings and forbids the consumption of beef. cDonald’s may be known around the Islam, meanwhile, represents the secondlargest religious group in India and forbids world for its Big Macs and Chicken its followers to eat pork. McNuggets, but we all know that it’s not In other words, neither Quarter Pounders above shaking up its menu for different nor McRibs are going to go over very well in regions. For example, diners in Asia can the Indian market. feast on teriyaki and bulgogi burgers,

McDonald’s opening vegetarian outlet

M

Photo: GeoWash

News, views and updates on Canada’s franchise industry

GeoWash rolling into Toronto, looking west

McDonald’s locations in India already offer many more vegetarian options than their global counterparts, like the potatobased McAloo Tikki burger, and a sandwich selection. A spokesman for McDonald’s in Northern India, Rajesh Kumar Maini, told an international news agency, “There is a big opportunity for vegetarian restaurants. At the moment, India is still a very small market. [McDonald’s] has 271 restaurants in India, but nearly 33,000 across the world.” McDonald’s is reportedly planning to launch its first new vegetarian outpost in Northern India in the Sikh holy city of Amritsar.u – Compiled by Kevan O’Brien

Own Your Own Country Franchises Available – Surrey and Mission abc Country Restaurants has 40 years of family dining experience. If you like the idea of being up front in your own restaurant, backed by a strong corporate team, abc is the high profile brand for you. Our restaurants serving Country Comfort for Breakfast, Lunch, Dinner & Dessert - many with profitable meeting rooms - dot the BC and Alberta landscape. We are looking for good franchisees and welcome your inquiry. • Site Selection & Design • Training & Operations Support • Marketing • Lease Negotiations

Menu Development

Investment range for new locations: $600,000 – $700,000 Investment range for conversions: $200,000 – $250,000

Call me today to own your own country! Gordon Beattie, President (604) 583-2919 local 222 abc Country Restaurants Inc. 15373 Fraser Hwy. Surrey, BC V3R 3P3 email: info@abcCountry.ca www.abcCountry.ca

“Being part of the BLENZ team is the best decision we ever made.”

― Aman & Amrit, proud BLENZ franchisees

Join us! Single and multiple store development opportunities available for B.C and Alberta

Call Sarah Moen today at 604-682-2995, smoen@BLENZ.com or visit BLENZ.com


B28

www.westerninvestor.com october 2012 WESTERN INVESTOR

Get the Power.

With connections in more than 85 countries worldwide put the power of the RE/MAX brand to work for your commercial, industrial, agricultural, investment or international real estate needs. To view commercial properties or find a RE/MAX Commercial practitioner near you, visit commercial.remax-western.ca Each office is independently owned and operated.


Western Investor October 2012 Section B  

Commercial Real Estate, Franchises and Business Opportunities in Western Canada

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