1 1
250-862-8100 250-984-0803
Jason Fleury, president of Trimount: first residential development in years cashing in on Estevan’s resource-fuelled boom 23
syd@syberrealty.com
Agent/Broker
Syd Berisoff
$ 995,000 SASKATCHEWAN COMMERCIAL COMPLEX Fully Tenanted/ Leased property Current CAP 5.7%. Will be 7.6% in 2013. Federal Tenant. High Visibility Location. Easy Access with Ample on-site Parking.
• • • •
$ 1,180,000 CARIBOO MOTEL 26 Units with 13 Kitchen / Kitchenettes. Very Solid Year round Income. 3 Bedroom 2 Bathroom Living Area. Excellent Location, close to Tim Hortons etc.
$ 499,000 SOUTHERN BC MOTEL • 12 Units + Store + 2 Bedroom Living Quarters. Lots of Updates. • Also the local Greyhound Depot. • Great Money Maker & Popular.
PENTICTON MOTELS 23 Units. 8 with Kitchenettes. .54 Acres. Outdoor pool. Excellent Location. $ 1,300,000 25 Units. 12 with Kitchenettes. .47 Acres. 2 Storey Concrete Block. $ 1,150,000 42 Units. 16 with Kitchenettes. 1.19 Acres. High Traffic Location. $ 2,200,000
Jody L. Miller
jody@syberrealty.com
Personal Real Estate Corporation
$ 525,000 LIQUOR STORE AND PUB • On Highway 97 in Hixon. • Price Includes Separate Building Leased to Canada Post. 10 Acres with Gravel. • Ideal Owner Operator – Seller may carry.
$ 129,000
$ 1,995,000 CENTRAL BC RAMADA 46 Units. 8 with kitchenettes. Manager Suite- Bedrooms, 2 Bathrooms. Indoor Pool & Hot-tub. Meeting Room. Lobby with large Breakfast Area.
$ 495,000 NEW HAZELTON (NORTHWEST BC) 20 Units. 5 have Kitchenettes. Located between Smithers & Terrace. Family Sized 3 Bedroom Living Area. Price includes 5 Undeveloped Lots.
GROCERY – CONVENIENCE STORES
• • • •
LIQUOR STORES
Quesnel – Liquor Store & Pub
PENDING
North Okanagan – Liquor Store, 20 Rooms, Pub & Restaurant $ 2,475,000
Southern Alberta – Liquor Store, Second Floor Apartment $ 869,000
Enderby – Liquor Store, Pub, Rooms New paint, outside updates. $ 1,100,000
CASTLEGAR GLASS SHOP Same Owner for 25 Years. Nice Business with a Proven Track Record. Windows, Glass, Mirrors, Doors etc. Also an ICBC Windshield Facility.
Drumheller is becoming known for more than bones Riondel BC – Grocery, Bakery, Liquor Very Nice Lakeside Community. $ 499,000 NOW $ 479,000 Armstrong – Grocery , Takeout food etc. Excellent Bldg – Easy to Operate. $ 529,000 Merritt – Great Home, Grocery Takeout Food Busy Area – Homes & School. $ 849,000 Vernon – Residence, Deli, Grocery, Extra Lot Near Hospital. 3 BR Home, Busy! $ 1,228,000
• • • •
• • • •
www.syberrealty.com
larry@syberrealty.com
Associate Broker
Larry Berisoff
201-1449 St . Paul St., Kelowna, B.C. V1Y 2E5
MOTEL, HOTEL & BUSINESS CONSULTANTS • MEMBER of the Canadian I.C. & I Council
SWEET SPOT SASKATCHEWAN
To view photos on these and other opportunities visit our website
$ 1,098,000
$ 2,880,000
TRANS CANADA MOTEL 21 Units with 4 Kitchenettes. Nice 3-4 Bedroom owner’s suite. Only 4 hours from Vancouver Leased restaurant. Well Maintained.
Fax:
O f fice:
•
• • • •
COMMERCIAL REAL ESTATE, FRANCHISES AND BUSINESS OPPORTUNITIES
CAMPGROUND, RV PARK & CHALET BUSINESS • Located in Revelstoke. Est. approx 1980. • 30.5 Acres. 170 sites. 6 Chalets. 8 Cabins. • 3 Bedroom Residence. (Approx 1570 sq. ft.) • Office/ Store, Laundry Facilities, Pool etc.
• • • •
19 ALBERTA REPORT 26 WINNING IN WINKLER 27 FRANCHISE NEWS
WHAT’S INSIDE AJAX MINE BATTLE B.C. REPORT 3 7 11
15 BEYOND T-REX
$4.29 november 2012 Vol. 27/issue 11
INTERIOR B.C. • ALBERTA • SASKATCHEWAN • MANITOBA section
9
60358 1 829 1 0 Publications Mail Agreement 40069240
B2 Interior British Columbia MONEY MAKING $ECRETS
REVEALED!
DEVELOPMENTAL LAND AND
GOLF COURSE FOR SALE E
PRIC
D
CE REDU
IN THE BEAUTIFUL BC INTERIOR
1-250-304-4099 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
BUSINESS AND INVESTMENT OPPORTUNITIES • 130 Acres Industrial Property – Hwy & Rail Access $995,000 • Commercial Lot Cache Creek – 306 ft. Hwy frontage $179,000
162 Acres • 9-Hole Golf Course • Club House • Residence • Trades Considered •
Wealthy benefactor reveals secrets of making over $10,000 per month. All eligible. Eliminate debts. Become financially free.
ONCE IN A lIfETIME OppORTuNITY. for a fREE CD, please call
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTOR
Dwight Vos 250.371.7992 Tracy Mackenzie 250.318.2938
BEST-WEST REALTY LTD. 250.554.4511
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
• Well known franchise – home cleaning business.
$90,000
COMMERCIAL BUILDINGS • Kamloops – 6100 sf bldg. Large yard
$995,000
• Kamloops – 2 Tenants – 8.5% Cap
$450,000
• Cache Creek – Hwy Frontage – Secure Yard
$369,000
DwIGhT VOS
phone: (250) 554-4511 toll free: 1-866-456-0577 Best-West Realty ltd. kamlOOPs email: dvos@kadrea.com
KAMLOOPS, BC & AREA • Future Mobile Home Park - Clearwater, BC – 15 ac + 2.7 ac, Hwy Comm. Reduced to $224,900 • 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 • 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 • Kamloops city center building for sale – Approx. 2133 sq.ft. on the main floor plus full basement. $550,000
sallys1@telus.net 250-833-2129
Rob McKibbon 1-866-463-2791
• 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
FOR SALE: 8,800 Sq.Ft. buiLding in cEntRE OF Lumby
Investor Alert
• Trucking – Cartage Business: Over 40 years in business. Price includes 7 trucks, forklift, storage containers, office, 2.07 acres & business. $480,000 • Large Commercial Building: Approx 8246 sq. ft. on 91’ x 125’ lot zoned CIT (Commercial-Residential). Leased out at $3800 per mo. triple net. $699,000
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
Short distance to Interior Health proposed multi function high rise tower, rentable home; land bank opportunity; approximately 50’ x 169’ MLS® 10055118 Contact MARK
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
JONTZ
250.717.6330 or 250.860.1100 1.800.421.3214
Colliers International Centre Group Commercial Realty Kelowna, B.C. 250.763.2300 www.colliers.com/kelowna
• Lakeview Shuswap Lk. Eagle Bay – 1 acre lot – hookup for water, power at road Reduced to $115,900
KELOWNA
KAMLOOPS REALTY LTD.
mmatt@shaw.ca
www.realestatekamloops.ca
OKANAGAN GOLF COURSE
Mature, profitable 18 hole course; 50+ acres with clubhouse, restaurant & lounge. Surplus development land List Price: $6,900,000 M. McAnerney* / J. HudSon*
List Price: $21,000,000 J. HudSon* / M. MCAnerney*
SHUSWAP LAKE 2110 huBand road, Sorrento BC MLS 10049301 NEW PRICE!! $629,000
Calling all Horse & mixed animal Lovers.72 acre parcel of farmland approx 20 Acres cleared. Property boosts a well Maintained Home & numerous outbuildings including but not limited to 24X70 Heated Workshop Barn Horse Sheds. Property is fenced and X Fenced. Property has lots of water and is set up with 1 1/2” fire hydrant hoses and equipment for fighting fires. property is a Must See.
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
VALEmOUNT, B.C.: very profitable, 60 unit motel plus pub (potential for liquor store)
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*
AVALON hOTEL
KELOWNA Anchored by: Cooper’s foods, Shoppers drug Mart, Td Bank & rBC GLA 84,500 square feet exclusive Listing
LOCATIONS WEST
Colliers International Centre Group Real Estate Services Kamloops, B.C. *Personal Real Estate Corp. 250.372.7000
NEW LISTING
FOOd ANChOREd RETAiL PLAZA
at LivingInPenticton.com
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*
Located in osoyoos. 24 units and 19 mobile home pads. List Price: $2,549,000 eriC WeBer*
yOUTh hOSTEL: Well located in the okanagan and very well established. eriC WeBer *
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 november 2012
interior b.c. • alberta • saskatchewan • manitoba section On the cover Jason Fleury, president of Trimount Estevan Developments, poses with his near-sold-out new condominium complex Photo: Jordan Baker/Estevan Mercury
FEATURES 23 ON THE COVER Innovation in Estevan
Developers move in while city targets carbon storage
7
Ajax Mine battle appears settled
Kamloops jobs may lose out to entrenched opposition
15 Drumheller more than dinosaurs
Public spending rising as centennial birthday looms
26 Winkler looks to Ireland to fill 200 jobs Recruiters can’t find enough skilled workers here
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 11 WhAt’s hAppEnIng In brItIsh coluMbIA 19 WhAt’s hAppEnIng In AlbErtA 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 DEVELOP& GORGEOUS BUILDING MENT LAND - WEST KELOWNA, B.C. Turn-key retail spaces available with 1,500 May be possible to purchase 1.26 acres. - 3,000 square feet. These units already This bare land development piece can have a retail showrooms, warehouse accommodate numerous commercial retail spaces, rear overhead doors and 2-piece and professional uses. There are already washrooms. multiple neighbouring national tenants. Asking: $19.00 psf plus CAM MLS® Asking: $529,900 + HST MLS®
DOWNTOWN KELOWNA MAIN FLOOR INDUSTRIAL LOCATION ON BUSY LOCATION - GREAT FACADE ROSS ROAD IN WEST KELOWNA This availble unit is approx. 2,024 SF with Approx. 4,600 square feet in a multiple completely new improvements throughout. tenant industrial building available for lease. Multiple offices, boardroom and washrooms This unit also comes with approx. 1/2 an acre of bare land suitable for in this great design. The building also has outdoor storage. new plumbing, electrical and HVAC! Asking: $19.00 psf plus CAM MLS® Asking: $9.00 psf plus CAM MLS® APPROXIMATELY 115.68 ACRES LAND ASSEMBLY IN NORTH GLENMORE/UNIVERSITY DISTRICT
McLAUGHLIN COMMERCIAL GROUP HIGHLY ESTABLISHED YOGA STUDIO BUSINESS AVAILABLE Turn-key opportunity with this operating business. Price includes all equipment. Higher end leasehold improvements, expanding client base, downtown location and much more! Asking: $273,000 plus HST MLS®
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
D E D S L A E SO L
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®
D L SO
INVESTOR ALERT - AAA NATIONAL CENTRAL LOCATION - INDUSTRIAL FORMER CIBC LOCATION WITH LAND & KELOWNA DEVELOPMENT SITE TENANT IN PLACE UNIT WITH HIGHWAY EXPOSURE BUILDING AVAILABLE WITH C2 ZONING POTENTIAL Approx. 1,429 square feet with an overhead Industrial strata unit with approx. 1,282 Approx. 1.13 acre corner development This highway location has two levels with site. Existing plans call for approx. 13,244 door at the front of the unit. Upgrades square feet and new improvements in approx. 6,337 square feet. The site is include a front reception area, office and a place. Priced below assessed value and a square feet of rentable space. This 2-piece washroom. Zoned I2 - General In- approx. .31 acres with 13 parking stalls. opportunity is in an area with next to no AAA Tenant with a lease in place for over 4 dustrial which allows over 30 primary uses. more years! professional office space. Asking: $1,600,000.00 plus HST Exclusive Asking: $1,595,000.00 plus HST MLS® Asking: $17.50 psf plus CAM MLS® Asking: $189,900.00 MLS®
B4 Interior British Columbia
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTORW
376 Tranquille Road - Kamloops
Great mobile home park potential
Brand new building - North Shore Health Science Centre
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
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
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
SOLD
INDUSTRIAL BUILDING - PENTICTON - FOR SALE OR LEASE • • • • • •
SOLD 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
SOLD
.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
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.
ATTENTION DOCTORS! Landlord has built a high quality clinic with attention to space planning and efficiency. Approx. 3.3 km FOR LEASE! away from hospital. Underground secure parking for doctors and MOA’s. Ready to move in December 2012. Pharmacy located next door. Prime main floor – approx. 3400 sq ft and 2nd floor approx. 6600 sqft suited for medical professional, medical therapy, retail, training facility and upscale café. Landlord willing to offer attractive incentives. Call for 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 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 NOVEMBER 2012 www.westerninvestor.com
COMMERCIAL DIVISION 250-763-4343
Horizon Realty
1-888-535-6962
LOCATION! LOCATION! LOCATION!
FOR SALE
• Prime Lakeview Acreage • 5.0 acre development site • Close to new HWY 97 interchange • Endless opportunities... hotel, casino, apartments
260 Okanagan Road, Penticton BC • 33,000 sq ft, freestanding building • Office and warehouse areas • Corner lot with excellent exposure • Easy access to Hwy 97 S • 14 on site parking stall • M1 zoning, Industrial/Commercial
Offered at $4,000,000 MLS® 10053563 Contact
Bill Raine 250-870-6210
BUSINESS AND LEASING OPPORTUNITIES
101-151 Commercial Dr., Kelowna BC
Lower Mission - Desirable Tutt Street Square. Smaller Great Opportunity To lease space. Former space ideal for lunch & dinner, priced to sell, great lease. restaurant site. Great traffic on Main Street in the $59,900. MLS® 10055469 heart of West Kelowna downtown area. Currently Peachland Restaurant Fully updated, equipped restau- vacant, easy to show. Some equipment available. $1750/month MLS® 10051927 rant with bonus one bedroom suite at rear of building. Restaurant Space Owner retiring and priced to Outdoor patio seats 20, indoor dining room seats 40. sell. Excellent exposure in heart of West Kelowna. $3750/month MLS® 10053001 Buy equipment and leaseholds, great lease. Subcity Donair New and existing locations available $45,000 MLS® 10054129 throughout BC. Join the hottest new franchise concept. Business Opportunity Small structural engineerFull Training provided, low start-up fees Exclusive ing firm, with strong client base throughout Prominent Lease Space Prime Hwy 97 N location. the province. Great income & ability to expand. Very busy mall in heart of Lake Country. $500,000 MLS® 10051379 $13.00 per sq. ft. MLS® 10053004 Growing Business Opportunity Unique Landscaping & construction business with increasing BILL RAINE 250-870-6210 sales & profits. $359,000 MLS® 10048823
braine@coldwellbanker.ca
42 Unit Apartment Building, Penticton Penticton Apartment Building with 42 units, 27 - 2 bdrm, 9 - 1 bdrm, 6 bachelors, plus 2 offices, major reno’s in 2007-2008,
21 - 2 bedrm, 15 - 1 bedrm & 6 bachelors. Recent upgrades stable cash flow with upside for revenue growth. good cash flow, RM3 zoning, MLS® 10055527
MLS® 10049223
LAND OPPORTUNITIES 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
$979,000 MLS® 10054669
$XXXX
FOR LEASE Warehouse/Shop space, 3,100 sq ft to 7,580 sq ft Large grade level O/H doors and overhead crane Small side yard area, 400 amp, 3 phase power Low triple net costs, I-2 zoning $6.00 per sq ft MLS® 10050236, 10055400, 10055364 GARY BOWKER 250-763-4343 gbowker@coldwellbanker.ca
INVESTMENT / BUSINESS / LEASE
• 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
• Two storey strata unit • Over 6,300 sq ft • C - 10 Commercial mixed • On site parking • Consists mainly of office space, GARY BOWKER 250-763-4343 with a service/parts and loading gbowker@coldwellbanker.ca area
3D & 3E - 150 Campion St., Kelowna BC
MULTIFAMILY
• 5225 Highway 97 N, Kelowna
$3,150,000 Exclusive
Kathryn Newell 250-869-6120
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
TIM DOWN 250-864-9140 tim@timdown.ca
INVESTMENT SEMI-LAKESHORE! Many options for this Highway 97 property in Oyama. Full side by side duplex with separate commercial rental on a flat .77 acre property. All fully leased, duplex can be stratified and lower level can be suited. Proximity to beach and boat launch opens up vacation rentals or other business possibilities. MLS# 10047268 KELOWNA • Turn key business - profitable reconditioned major appliance sales and service on high traffic artery - Exclusive • Light industrial lease -1600 sq ft office and warehouse - Commercial Dr MLS#10047710 • Commercial lease - 2750 sq ft - retail with warehouse - Springfield Rd MLS#10047635 • 2nd floor office space - 158 sq ft or 258 sq ft - Springfield Rd
ALLYN BENTZ 250-470-2413 abentz@coldwellbanker.ca
www.bccommerciallands.com
B6 Interior British Columbia
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTOR
COLDWELL BANKER COMMERCIAL WORLDWIDE DEV. PROPERTY $539,000
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.
HIGHWAY COMMERCIAL $369,000
3 FIRST CLASS SUITES $1,100,000
Each office is independently owned and operated.
1-877-374-3331 gireland@remax.net
RE/MAX Real Estate Kamloops
Elkford Motor Inn $2,935,000
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
250-423-1520
LORALEE THOMAS 403-807-3086 RE/MAX ELK VALLEY
loralee.thomas@remax.net www.LoraleeThomas.com
4 LARGE LOADING DOORS. OFFICES & MEZZANINE.
$425,000
AUTO REPAIR BUSINESS ONLY VERY WELL EQUIPPED VENDOR READY TO RETIRE $159,000
(250) 368-5508 (FAX)
www.cbcworldwide.com
Get the Power.
PERSONAL REAL ESTATE CORP.
LIGHT INDUSTRIAL BLDG
(250) 231-5222 (CELL)
1ST TRAIL REAL ESTATE LTD.
GARY IRELAND
$1,590,000
QUALITY INN 48 ROOMS RESTAURANT NICELY LOCATED AT THE CROSSROADS OF THE KOOTENAYS. GOOD VOLUME. $2,190,000
MANY UPGRADES. 40,000 SQ.FT. ZONED C10.
KAMLOOPS
HIGH VOLUME. THE PLACE TO "EAT IN TOWN"
LEASED BUILDINGS AND STORAGE UNITS. NICELY LOCATED. EXCELLENT SHAPE. 100% FULL. GREAT SELECTION OF TENANTS. $1,290,000
THREE STORE FRONTS LARGE SALES LOT
nEwEST winE REGiOn OF BC ! ESTATE HOME w/10 ACRES! CUSTOM Built (4630 sq ft)! Lge Machine SHOP w/Power! 10 Acres (2 Titles) South Slope! U/Irrigation EXCELLENT Water! 180º MOunTAinS/RivER viEwS! MLS® 111415 Asking $1,495,000 Visit www.garyirelandrealty.ca FOR ViEWiNG
ARLINGTON PUB & RESTAURANTE
To view commercial properties or find a RE/MAX Commercial practitioner near you, visit
commercial.remax-western.ca
350 ACRES FOR SALE CITY OF VERNON, BC Official Community Plan designated “Hillside Residential Reserve” OPTION 1: Purchase the entire 350 acres listed at $17,500,000 Potential 160 acres buildable with less than 30% slope @ 3 lots per acre = 480 lots Potential market value $300,000 per lot; potential sales = $144,000,000 OPTION 2: the property is in 5 separate titles. Purchase one or more of the 5 titles.
North Okanagan Area
FOR SALE RANCHER’S PARADISE VERNON, BC
DOWNTOWN VERNON
Historic 170 acre BX Ranch. Fronting on City of Vernon. Adjacent to executive homes, acreages & horse stables. Level – irrigated hay fields. Services at property line. $3,200,000
Over 7% Cap Rate! Office and Retail Space fully leased 12 parking spots (rear of building)
$799,000
View virtual tour & full listing brochure at www.bennetto.ca Call Larry Bennetto RE/MAX Vernon 1-250-308-6025 / Toll-free: 1-800-667-2040
Attention
☞
INDUSTRIAL CENTRE
Agents:
REACH QUALIFIED BUYERS FOR YOUR LISTINGS
7 Established Tenants Over 1 acre land with room to expand 10,684 sq ft building Fully leased
☞
$834,900
Chris Santos
call Gary Takahashi
toll-free: 1-800-661-6988 direct: 604-608-5111 fax: (604) 669-2154
email: gtakahashi@westerninvestor.com
cell: 250.306.2527 chris@saltfowler.com toll free: 1.800.667.2040
Vernon
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B7
WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com
FEATURE KGHM faces “hostile” reception from locals to its job-generating Kamloops mine proposal
Mining smackdown sylviE pAillARd WESTERN INVESTOR
T
he Thompson Rivers University (TRU) Clocktower auditorium must have felt like a hostile environment for anyone in support of the proposed job-generating KGHM Ajax Mine during a recent open forum hosted by the faculty association’s human-rights committee.
Indeed, the lone person to speak favourably of the gold-and-copper project, TRU economics professor Shahriar Hasan, halfjokingly said he regretted it after hearing the packed room’s fierce opposition. Derek Cook, forum organizer and TRU professor of philosophy and politics, began by introducing those speakers who contacted him in advance for a moment on the floor. Among them were Stop Ajax and its affiliate Kamloops Area Preservation Association, environmentalist Bronwyn Scott, a TRU biologist, the Raging Grannies and a “rabble-rouser” from the Kamloops Voters Society. No one from Ajax showed up, which Cook previously suggested may be unwise. “If either failed to show, people might think that that side had something to hide,” he said. As it was, the crowd did a lot of cheering. It cheered for Kamloops Coun. Donovan Cavers and his well-established opposition to the proposal by multi-national corporation KGHM based on environmental impact and proximity to residential neighbourhoods,
Photo: KGHM
Rendering shows proposed Ajax Mine at Kamloops: about 500 jobs are at stake but there is strong local opposition saying it is too close to residential neighbourhoods.
such as Aberdeen. “I’m going to start calling it the Aberdeen mining project to bring that perspective to the wider community,” he said. Hasan followed the crowd-pleaser by explaining that he agreed to speak only two days prior and only at the behest of his colleague Cook. “Now I’m debating whether I should talk at all,” he chuckled along with the audience. Hasan said he lives in Aberdeen and has a young daughter going to Aberdeen Elementary, so “if what you guys are saying is true,” he has concerns. But he said he would make his case based solely on financial considerations. He began by providing a gloomy economic analysis of the future of Kamloops, saying Statistics Canada research ranked it the lowest population growth in the province for 11
air quality, our water quality and so on, if it’s true, they would be invading our ‘space,’” he said. But there’s a hitch. “Whether it’s my space or their space is not clearly defined, that’s the problem.” And that’s up to government to determine, he said. He summed up by saying that when there’s gold in someone’s backyard, often it’s not a case of whether it’s mined but when. Although respectful toward the jittery professor, members of the audience didn’t hide their disdain for the project. They cheered to one man’s suggestions that there is no amount of money to compensate for the mine’s anticipated damage. They cheered to a real estate developer’s suggestion the Ajax solution to local economic issues is a short-term gain when considering the loss of land to the future of his industry. Cavers added that 60 per cent of the city’s future development is slotted for the affected area. They cheered when another audience member wondered if KGHM’s job estimates will be outsourced to people outside Kamloops. In short, the audience’s rejection of the plan dominated the forum. Cavers said he believes a citizen satisfaction telephone survey underway will show Ajax as uppermost in people’s minds. But he balked at the notion of holding a referendum, saying it wouldn’t be binding. “And people are of two minds about that,” he said. “KGHM has a lot of money and could potentially win it if they throw enough money at it.”u
years. At this rate, he said, the younger demographic will soon dissipate to unhealthy levels. Another strike against Kamloops is its reliance on government-funded jobs, with Interior Health as the city’s largest employer followed by the Kamloops-Thompson School District. The third-largest employer is TRU, which is significantly publicly funded. KGHM’s estimates of 750 jobs during mine construction and 490 jobs during operation are not enough to provide the lone solution, he said, but it should help stave off the worst of the financial blow. He also explained an economic theorem whereby a negative impact on one’s surroundings can be settled through financial compensation. Sylvie Paillard is a reporter with the “If what you say is true, the impact on our Kamloops Daily News.
Radium www.westerninvestor.com
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Interior British Columbia HOT SPRINGS Motel
• • • • • •
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 250-342-1300 Cell Broker/Owner
RE/MAX Invermere 250-342-6505 Office
B8 Northern British Columbia 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 & 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 clientele. MLS N4505657 $3,800,000.00
Bonnie Cote
Rich Petersen OWNER/BROKER
REALTOR® Action Realty Inc.
250-264-7900
Fort St. John, BC
250-262-1944
PRINCE GEORGE 1 Lot: Zoned Duplex 60x 120. Old house removed & enviro done. Loc:1751 6th Ave. 190,000
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTOR
FLY - IN SALTWATER FISHING RESORT DUNDAS ISLAND, BC
1 Lot: 93x 120 w/ older house & shop. Rented. Can be re-zoned multiple. Loc: 1694 7th Ave - approx 2 blks from Hospital, new cancer clinic, & downtown. $250,000 FORT NELSON 2 Lots approx 6.5 acres ea. Zoned agri. & home bus. 175,000 each
Call: 250-372-3161 or 250-612-8265
$1.75 Million. Well established, located in pristine park (with permit), 14 guest floating lodge. Contact: 250-600-4645 or JenNelson64@gmail.com
www.haa-nee-naalodge4sale-com.webs.com
Each Office Independently Owned And Operated
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
Properties For Sale in Chetwynd BC
4740 48a St Great duplex for sale. 3 bedrms per side. Excellent investment / rental property. Updated to 100 amps. Large 1 acre lot. Low maintenance. Below assessed value. MLS® 138175 $219,000
EMAIL: jvdevgroup@gmail.com
5028 – 49th Ave Downtown commercial building. Well maintained building. 2000 sq. ft. is Ideal for office or retail. Currently rented with excellent return. MLS®136988 $189,000
Norma Tower 250-788-5388 (Cell) 250-788-1120 (Office)
5032 – 50th Ave Successful flower and gift shop. Great opportunity. 2100 sq. ft. of space. Financial statements available to qualified buyers MLS®135762 $159,000
RE/MAX Action Chetwynd Realty
— Your PRINCE GEORGE Commercial Professionals — 2222 Balsam Ave. – Quesnel, B.C.
1399 – 6th Ave.
FOR LEASE – 2nd and 3rd floor OFFICE space on corner of 6th Ave. & Brunswick Street. Quality property. Net-lease.
FOR SALE - Highly visible first class 12, 177 sq ft main building. Also has warehouse, two mini-storage warehouses & caretakers mobile home. Highway access.
1437 N. Fraser Dr. – Quesnel, B.C. - REDUCED
3990 – 22nd Ave.
FOR SALE – Court Ordered Sale 38.5 Acres property. 604 sq ft stand alone office. Main 3,498 sq ft concrete block 4 bay truck shop w/ 1,628 sq ft addition attached. 2,160 sq ft storage bldg w/ a 648 sq ft wood frame storage shelter. Sand/gravel business historically operated from this site, however no licensing permits have been confirmed.
FOR SALE or LEASE - 4,356 sq ft building on 0.437 Acres in the prime Light-Industrial Park.
Domano Blvd.
1150 – 3rd Ave.
508 George St.
1575 – 2nd Ave.
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 LEASE – 6,600 sq ft main-floor downtown OFFICE space with parking. Significant leaseholds. Favourable lease rate. Low OP Costs. Net-lease.
978 & 996 Central St.
1001 Great St.
1550 – 1st Ave.
#205 – 1396-5th Ave.
FOR LEASE – Prime College Heights RETAIL/OFFICE space. Visually desirable location. Net-Lease.
FOR SALE – Fully renovated downtown RETAIL/OFFICE building. 3,000 sq ft per floor, plus full basement.
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
Northern British Columbia B9
WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com
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
Are you thinking of investing in the north, where the oil & gas industry continues to thrive?
www.dawsoncreekrealestate.ca
NORTHEAST BC Realty
1-888-214-5871
DAWSON CREEK LLOYD SMITH 250-784-7116 TOM MORAN 250-784-7090 lloydsmith@shawcable.com tommoran@shaw.ca COMMERCIAL EXPERTS
Contact: 250-219-2756 or email: newaterco@gmail.com INVESTMENT PROPERTY ‐ COMMERCIAL HIGHWAY FRONTAGE
DAWSON CREEK
RE/MAX DAWSON CREEK REALTY
For Sale in Northeastern BC Area WHOLESALE
Ltd.
#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.
8.58 ACRES...Ideal location for a commercial business looking for highway frontage exposure, large yard for industrial traffic, additional commercial land for future growth, and more!
(Asking Price less than $140,000/acre highway commercial land ‐ not including the value of the buildings!)
NEBC
1,800sf (60’x30’) shop has radiant heating, 200amp electric, office and washroom. Large entrance to yard off highway access road...level, graveled and compacted!
PROPERTY WOULD BE IDEAL SITE FOR DEVELOPMENT OF STORAGE BUSINESS, RETAIL BUSINESS COMPLEX, OWNER‐OPERATED BUSINESS AND MORE! ASKING $1.2 Million ~ MLS® N4505478 Charlie Lake BC
- 2012
250 785 4115 Investing Our Energy In The North
House on site could be used for an office/manager residence. Wrap‐around driveway for easy access. ON COMMUNITY SEWER!
©2010
10220 101 Avenue
Fort St John BC V1J 2B5
www.NEBCRealty.com
RON RODGERS
OWNER - MANAGING BROKER Email: ron@northeastbc.com
NO DROP INS - CALL RON TO ARRANGE VIEWING
FORT. ST. JOHN A RARE FIND! 8715 - 100TH AVE
1,367 SQ.FT. PRIME LEASE SPACE! #4 8822- 100th St
This freestanding 13,960 (14,391 with mezz) sq. ft. building situated on 2.6 acres of land with perimeter storage is ideal to relocate & grow your business. Renovated offices, boardroom, air conditioning + the addition of a 4 bay shop, 1 with drive through bay & 10 ton crane, paved yard completes this desirable package. $16.00/ sq. ft + NNN - N4505735
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
DOWNTOWN LEASE SPACE 9940 - 102 Ave
INVESTMENT OPPORTUNITY 9321 - 96th Street
Prime downtown office building available Jan/13. Nicely upgraded, this 4,400 sq. ft. space consists of 9 offices, conference room, kitchenette, IT room, 22 x 28 shop with overhead door, ample parking. $18.00/ sq. ft + NNN - MLS# N4505720
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
FOR SALE OR LEASE PROSPECT PARK LOCATION - 10711 - 91st Ave Updated office space, new
FAMILY OR RETIREMENT BUSINESS AWAITS! 9207 - Alaska Road
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 - N4505390 Lease: $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
#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 $315,000 #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.
#139698 NEIGHBOUR PUB WITH BEER AND WINE STORE. Great opportunity for the right owner, situated on 1.88 acres of prime commercial property. The 4000 sq.ft. pub has seating for 98 and the potential to increase to 150 with 2700 additional sq.ft of banquet area. Asking price has been reduced by over $500,000 for a quick sale. Priced at $1,600,000 #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 #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! Lease rates starting at $8.00/sq.ft
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
#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
# 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
#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
#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
SOLD
#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
CURTIS ROBINSON
Remax Action Realty 1991 Inc.
kathy@bugkathymiller.com curtis@remaxaction.ca 250-785-5520 Toll Free: 1-888-785-5520
The Power Of Partnership!
PERSONAL REAL ESTATE CORPORATION
RE/MAX DAWSON CREEK REALTY www.dawsoncreekrealestate.ca
1-888-214-5871
DAWSON CREEK COMMERCIAL EXPERTS
B10 Northern British Columbia
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTOR
Do you have a unique property? Advertise your listings in our special feature:
Lifestyle
Properties
Reach potential buyers with money to spend. Western Investor readers have higher than average household income and a real interest in real estate.
Recreational Real Estate AdvERtIsIng FEAtuRE: • Limited spaces • 4-colour ads • Special rates 12
10
Recreational Real Estate LIFESTYLE PROPERTIES
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
Photo: LandQuest
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
Investment Property For Sale ACquire reAlty
623-853-7765 Toll Free: 1-855-234-3342 • www.AcquireAZ.com
eventually retire to the property. They share an common appreciation of nature, outdoor adventure, horse-back riding, hobby ranching and getting away from it all, “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
Len Westwood
Direct:
Sales & Leasing Associate
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
MCKAY RANCH
160 ACRES
Baptiste Lake
$2,950,000
CLEARWATER RANCH
40 ACRES $1,400,000
CIRCLE S RANCH
36 ACRES
EVERGREEN RANCH
$390,000
79 ACRES
PAINTED PONY RANCH
$600,000
SOLD
80 ACRES
Sold Price: $60,500 Rent: $825 City: Goodyear Year Built: 1997 Square Feet: 1,159
H
IG
H
W
A
Y
9
RED ROCK RANCH
120 ACRES $600,000
5
WARD RANCH
SPIRIT RANCH
316 ACRES
Average Sales Price per Square Foot
DIAMOND BAR RANCH
405 ACRES
$2,200,000
$952,000
155 ACRES
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
480 ACRES
CLIFFSIDE RANCH
$1,092,000
230 ACRES $1,155,000
Entrance to the Ranches at Elk Park Upper Ranch SNOWY OWL RANCH
MORGAN RANCH
476 ACRES
74 ACRES
$2,250,000
$700,000
Avondale - Crystal Gardens Lake Community 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
604-669-8500 1-800-661-6988 advertise@westerninvestor.com
95
For Sale: $112,500
Y WA GH HI
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.
5 Minutes to Town Centre
Kootenay National Park
HOLD
Sold Price: $62,000 Rent: $895 City: Avondale Year Built: 1991 Square Feet: 1,255
Stamped concrete boat launch 100 feet private boat dock RV parking Covered hot tub deck
MUSTANGS RANCH
SUNSET RANCH
$1,120,000
Sold Price: $61,500 Rent: $925 City: Avondale Year Built: 2000 Square Feet: 1,197
• • • •
$1,888,000 Virtual tour at www.6565-rockwell.ca
160 ACRES
BENT CREEK RANCH
Sold Price: $60,300 Rent: $895 City: Glendale Year Built: 2001 Square Feet: 1,278
4 bedrooms, 5 bathrooms 3,720 sq, ft, of living space 824 sq. ft. guest suite Showpiece 2 car garage 108 feet of waterfront
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,
460 ACRES
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.
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
Contact us to start your portfolio today.
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.
ARMLS Residential All Areas and Types
- 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.
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.westerninvestor.com
FOR SALE - On Bird River, MB
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
Northern British Columbia B11
WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com
British Columbia
Squamish waterfront starts selling
A
six-year hiatus in the re-invention of the Squamish waterfront will soon be over, as Cushman & Wakefield Ltd. began marketing more than 100 acres of former industrial properties for development last month. The land, once heavily polluted, has already been remediated. Squamish Oceanfront Development Corp., an arm’s-length company Squamish district council launched in 2004 to realize its vision for a revitalized waterfront, contracted the brokerage’s Vancouver office earlier this year to market 60 acres of former industrial land and 44 acres of fee-simple water lots. “We would consider everything from an outright sale to a joint venture or equity partners. We would consider it all,” said Bill McNeney, chair of the district-owned developer. “We weren’t asking them to lease it or do a joint venture or an equity partnership; we were asking them to take it to the market and see where the interest was.” The site was originally set to be developed by Vancouver-based Qualex-Landmark Group. Plans for a $500 million mixed-use community collapsed in October 2006 when Qualex-Landmark pulled out following changes to its original agreement that significantly altered the terms of the deal. “We’re not saying that Squamish doesn’t have a bit of a checkered past as a community for developers who just ended up frustrated,” McNeney conceded. Community consultations have led to a
vision for the site that will see a third developed with residential units, a third with commercial space accommodating upward of 2,000 jobs and recreational facillity or public amenities on the remainder. McNeney is optimistic that a deal will be reached within 18 months. – Peter Mitham/BIV
First six-storey condo building completed
A
fter fire levelled the first attempt at constructing a six-storey wood-frame condominium building a year ago, Quattro Development has completed the first such building in the Lower Mainland, called Quattro3. “We are proud to lead developers with this new marker for wood-frame construction. It helps keep Quattro3’s home prices more affordable for both homebuyers and investors,” said Charan Sethi, president and CEO of the Tien Sher Group of Six-storey wood frame condo buildCompanies. ing completed in Surrey. The building, in the Central Surrey area, marks a change in B.C.’s building code, which now allows wood-frame buildings as high as six storeys, from four floors previously. Peter Simpson, president and CEO of the Greater Vancouver Home Builders’ Association, says six-storey wood-frame buildings are a viable option for residential buildings in Metro Vancouver. “This type of wood-frame construction is not a new idea,” he said. “It has been going on in Europe with great success in recent years.” “Six-storey wood-frame construction is as safe as any other form of construction because [the] fire code is even more stringent,” said Anne McMullin, president and CEO of the Urban Development Institute. “Clearly it represents a future trend in B.C. construction.” In May 2011, fire destroyed the first attempt at building a six-storey wood-frame condominium building in Richmond. The five-hour fire that ripped through the Remy was so intense that firefighters were unable to put it out before 251 unfinished condo units collapsed into a smouldering pile. The Oris Developments Ltd. project is being rebuilt. The first phase of the Remy, all wood frame, is expected to complete later this month (November).
Vancouver earns enviable rep
V
ancouver has been named the world’s most reputable city, according to an international poll conducted by the Copenhagen-based Reputation Institute. Every year the institute polls 18,700 people in 15 countries on the reputations of 100 cities that are selected according to population, gross domestic product and volume of tourism. This year Vancouver beat out cities like Vienna and Sydney to earn top spot on the prestigious list.
Economy runs on real estate
C
ommercial real estate is driving Metro Vancouver’s economy, according to a new report by the National Association of Industrial and Office Properties (NAIOP). The report, titled The Economic Impact of NAIOP Members, determined that NAIOP members:
• contributed a total of $310 million in property taxes to local governments; • generated nearly $9.7 billion in economic activity associated with NAIOP member firms and $4.5 billion in GDP in Metro Vancouver; • generated more than 200,000 direct and indirect jobs;
HANS JOHANSEN 250.960.9339 Info@doucetterealty.com
• owned or managed a total of 82.2 million square feet of commercial and mixed-use properties in Metro Vancouver, equating to $19.9 billion in estimated property value; and • accounted for an average of 3.95 million square feet of new construction in Metro Vancouver over the last five years, estimated at $878 million in value. “One of the key findings of the study shows the growing importance to our members through the significant amount of property taxes we contribute,” said Darlene Hyde, executive director of the Vancouver chapter of NAIOP.
Photo: Tien Shier Group of Companies
W h at ’ s h a p p e n i n g i n
Red Mountain expands
R
ed Mountain ski resort in the Kootenays has added an entire new mountain, 1,000 acres, to its ski area. “The scale of this expansion is a true gamechanger for Red Mountain Resort and for the community of Rossland,” said Howard Katkov, president and CEO of the resort. Grey Mountain is about the same size as the Mt. Baker ski area in Washington state.u
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, 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
*.26 acres zoned RM4 on busy city arterial $161,000.
MOBILE HOME PARK
Established “adult” mobile home and RV park on 21
BUSINESS OPPORTUNITIES acres highway frontage in Prince George. 88 mobile *Turn Key 165 seat restaurant plus 180 seat banquet room. Land, 10,560 sq.ft. building & all fixtures for $795,000 or lease for $8.00 home lots, 51 RV stalls, 1700 sq ft executive home, meeting hall with laundry and washrooms, machine net.
*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
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)
308 Acre Ranch with a contemporary main house and three fabulous guest cottages. This 4.5 star rated accommodation is just outside of Prince George and is fully booked with returning patrons from all over the world. Zoning allows for 7 more cottages to be built. Limitless potential $1,325,000.
B12 Alberta
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTORW
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
INVESTOR ALERT!
CA LGA RY, AB
4 Marble Slab Creamery Locations Available Business Only - turn Key franchise operations
BOOMING ALBERTA MULTI-FAMILY OPPORTUNITY INNISFAIL, AB
MARBLE SLAB CREAMERY
CONDOMINIUM CONVERSION WITH 24 INDIVIDUAL TITLES Well maintained property, Consist 18x 2 bed + 6X 1 bed, New roof, upgraded common areas & units, fully rented!! Great location! Only 50 km west of the largest sour gas developments in the world, in a growing town, near the hospital, stores, schools, parks etc...
MARBLE SLAB CREAMERY • Busy SW shopping centre. • Good mix of tenants • MLS# C1021543
NOI: $181,300 CAP: 7% ASKING
$229,900
PRICE: $2,650,000
BEN YOVEL 780-885-1919 beny@remax.net www.InvestWest.ca
COLD LAKE OPPORTUNITIES
$2B Expansion at Cold Lake oilsands Take advantage of the economic spinoffs
• Busy NW shopping centre. • Located in the food court • MLS# C1021544
$249,900
MARBLE SLAB CREAMERY
MARBLE SLAB CREAMERY
$299,000 • Store equipment is brand new • Good mix of tenants • Very busy shopping centre • MLS# C1020914
$329,000 • Busy 17th Ave SW location • Brand new equipment • Good mix of tenants • MLS# C1021237
Virtual tour at www.myvisuallistings.com/vt/83897/photo/
¼ SECTION, 150 ACRES
$650,000
At entrance to Cold Lake
¼ SECTION 145 ACRES
Adjacent to city of Cold Lake boundary and golf course. Zoned Country-Residential
Virtual tour at www.myvisuallistings.com/vt/90385
L AND AND PROPERT Y FOR SA LE
$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
R-4 MULTI-FAMILY LOT IN COLD LAKE 82.5' x 272'
$350,000
7.2 ACRES ZONED HIGHWAY COMMERCIAL Services & Offsite levies prepaid!
$749,900
4 ADJOINING COMMERCIAL LOTS Highway exposure Environmental clean-up required
$75,000 each
Larry Melanchuk, Associate Broker RE/MAX Cold Lake 2000
Cell: 780.826.0100 www.coldlake.info TF: 1.800.707.8374 A Division of Cold Lake 2000 Realty. Independantly owned & operated.
Corner of McKnight Blvd & Stoney Trail NE 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 B13
WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com
LOCAL EXPERTISE
MATTERS FOR SALE
OFFICE BUILDING
INVESTMENT OPPORTUNITIES FROM
BARCLAY STREET REAL ESTATE MULTI-TENANT RETAIL PLAZA
FOR SALE
MIXED USE REDEVELOPMENT SITE
FOR SALE
REAL EQUITY CENTRE
MOUNTAIN VIEW PLAZA
CURTIS BLOCK
1716 16th Ave NW, Calgary, Alberta
4513 - 52nd Avenue, Olds, Alberta
228-234 13 Avenue SW, Calgary, Alberta
Leaseable area: 66,441 sf.
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.
Great location, ample parking, growing Central Alberta community.
RICHARD LEWIS
rlewis@barclaystreet.com
p: 403-290-0178 FOR SALE
MAIN FLOOR RETAIL
For more information or to view, please contact:
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.
FOR SALE
For more information or to view, please contact:
RYAN SWELIN
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
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
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:
GEORGE LARSON
FOR SALE
Exceptional site location in the surging Beltline/Victoria Park area.
SUBJECT SITE
glarson@barclaystreet.com
2505 – 17th Avenue SW, Calgary, Alberta
For more information or to view, please contact:
Zoning: CC-X (Centre City Mixed Use)
Considerable upgrades have been completed on the property including a new roof and storefront
The building is ideally situated to take full advantage of 16th Ave.
For more information or to view, please contact:
Site size: approx. 29,750 sq. ft.
JEFF ROBSON
jrobson@barclaystreet.com
p: 403-290-0178
MIXED USE BUILDING
FOR SALE
RETAIL CENTRE
SOUTH ACHESON INDUSTRIAL AREA
640 – 6TH AVENUE SW
GOLDEN ACRE TWIN PLAZA
Acheson, Alberta
Calgary, Alberta
5010 - 5220 4th Street NE, Calgary, Alberta
SPRUCE GROVE
EDMONTON
16A
60
Development land – 122.44 acres
Site Size: ±3,004 sf
±0.57 of a mile Highway 16A frontage
Zoning: CM – 2 Downtown Business Districts
DOUG GRINDE
Building Size: ±6,580 sf
Zoning contemplates a variety of light industrial and highway commercial uses.
For more information or to view, please contact: GEORGE LARSON
dgrinde@barclaystreet.com
glarson@barclaystreet.com
780-463-3332
403-290-0178
COMMERCIAL REAL ESTATE
SOLUTIONS
Convenience-oriented community retail plaza. Consists of two separate parcels; 22,081 sq. ft. single storey multi-tenant retail building; and 35,729 sq. ft. two storey multi-tenant retail office building.
Price: $4,400,000
For more information or to view, please contact: RICHARD LEWIS
rlewis@barclaystreet.com
For more information or to view, please contact:
DAN HARMSEN
dharmsen@barclaystreet.com
p: 403-290-0178 Office, Retail, Industrial SALES AND LEASING
GEORGE LARSON
glarson@barclaystreet.com
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
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTORW
www.danpreston.ca
Personal Real Estate Corporation LAND ASSEMBLY • DEVELOPMENT • INCOME PROPERTIES
• DEVELOPMENT LAND • GOLF COURSE/ 33 SITE CAMPGOUND CENTRAL ALBERTA
WHISTLER REVENUE TOWNHOUSE $399,000 3 bed - 3 bath - $2,400 pm income 36 units on 10 acres - Site Redevelopment Potential
2 LEVEL PENTHOUSE, center of the Entertainment District. 700 SF Private Master BED with huge ensuite, Renovated w/ Floor to ceiling windows. Lowest $ PSF Price in the City $1,100,000
SENIOR'S DEVELOPMENT SITE SALE: $1,990,000
Foundation in place, tendered plans, permits, ready to complete. 88 units. Creston, B.C.
COLD LAKE MULTI-RESIDENTIAL LAND FOR SALE
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
Contact Your Guide to Edmonton Apartments Today!
APARTMENT OPPORTUNITIES Duplex with suites ............ ............
............ $525,000 warehouse conDo ............ ..........................$299,000 12 units Downtown ...... ............................. $925,00 0 6 units rooming house ...... ........................ $349,000 16 units resiDential / com mercial mix . $2,900,000 20 units Downtown ...... ..........................$1,850,000 22 units Downtown ...... ..........................$2,420,000 30 units westenD............... ......................$3,000,000
Pam Gill (780) 455-4088
gillp@sutton.com
www.apartmentsinedmonton.com
• 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
Sutton Central Commercial - AN INDEPENDENT MEMBER BROKER
• Commercial & Industrial Development Opportunities • Single Family Homes & New Apartments Required • 35 minutes to Edmonton and 60 Minutes to Red Deer
• Retail & Hotel Development Opportunities • SKYPORT at Wetaskiwin Airport Sites Available • 44,000 loyal shoppers in immediate trading area
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
for sale: Three Multi-residential Development opportunities
inner City, Calgary, aB
Bridgeland
Marda loop
Development opportunity for 77 apartment condos or 68,270 GFA (M-C2) PRICE REDUCED
Development opportunity for townhouses or apartment condos (M-C1). $75,480 gross income $1,300,000 Million 12,380 Square Feet
$2,885,000 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
B15
WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com
REGIONAL ROUNDUP Public spending – from museums to prisons – puts a plank under economy
Drumheller C
anada’s dinosaur capital is certainly more prepared for future growth than it was a few years ago, and that growth is looking likely.
All you need to do is look around and you can see the south-central Alberta community of Drumheller has benefitted recently from a healthy dose of public-sector spending – cash that has added to the array of services available in the Badlands service centre. Most obviously, there’s the new $25 million Badlands Community Facility (BCF), a multipurpose building in the heart of the Red Deer River Valley community. The complex includes a new public library, field house, indoor running track, fitness facility, meeting rooms and arts-and-culture spaces. Ultimately the land around the new complex will also house a new arena and curling rink, giving Drumheller a second ice arena and a better draw for major tournaments. Such events will help add to hotel occupancy during the slower winter tourism season, when visitation to key attractions such as the famous dinosaurs and the Royal Tyrrell Museum decline. Of note, the BCF can also welcome up to 750 guests in one location for conventionrelated events. That’s key for a place with hotel capacity to spare during conference season – especially one that’s less than 90 minutes from Calgary and another hour from Edmonton. “I think that [the BCF] is probably the
Photo: Vagabond Travel
WESTERn InVESTOR
biggest news in Drumheller,” said economic development officer Bob Cromwell, a former city dweller who gushes enthusiastically about the beauty of the Badlands. “We seem to be quite targeted right now by various businesses and associations LEFT: new community centre and school, prison and wastewater upgrades boost building permits in in having their Drumheller. RIGhT: “world’s largest dinosaur” is 86 feet tall and 151 feet long. conferences here,” he added. mining town. businesses have also been making changes. While visitors to Drumheller may not While building-permit numbers the past The largest hotel operator with four propnotice other changes – a new $20 million few years have dropped off somewhat (the erties, Canalta Hotels, has added meeting Catholic school and $22 million in public- big-ticket public projects were permitted space for smaller conferences while the new school upgrades – those improvements are in 2010 or earlier), the town still recorded owners of the Drumheller Inn are upgrading important steps for a community that is one about $10.7 million in new-building activity the 100-room property whose height makes part tourism draw, another part agriculture in 2011 and another $8.5 million for the first it a valley landmark. and petroleum service and a third part region- nine months of 2012. There are also new retail businesses in the al service centre. downtown core, Bitz says, but nothing more Infrastructure-wise, Drumheller has been 100 years in the way of large retailers. Drumheller is making important strides as well, notes Drumheller will mark its centennial in 2013, already home to some of the country’s more Cromwell, with $22 million spent recently and things appear to be looking up as 100 common big-box stores, such as Wal-Mart on wastewater-system improvements and years as a community loom. For starters the and Canadian Tire and chains such as another $4 million to extend water mains tourism business has been good in 2012, with Shoppers Drug Mart, making it a draw for to the more rural parts of the river valley visitor numbers up by as much as 20 per cent the region’s shoppers. municipality. according to Cromwell. While it may not be evident in the valley, Heather Bitz, general manager of the there are also a few other things happening in As well, the city will spend roughly $2 million starting late this fall on renovating Drumheller & District Chamber of the Drumheller region, development wise. Wind-power projects are being initiated, former library space to accommodate a move Commerce, shares that conclusion. “From the [tourism operators] I’ve talked creating potential in the industrial service secof the town office into the downtown core, something that should be another enhance- to I would say it’s been a pretty good season,” tor. As well, there’s expansion work going on Please see Badlands page B16 ment for the tree-lined streets of the former she said, noting the community’s tourism Photo: Town of Drumheller
DAvE hUsDAL
Alberta
COMMERCIAL (RE/MAX Excellence)
Phone: (780) 481 - 2950 Toll Free: (866) 481 - 2950 17718 - 64th Ave Edmonton, AB T5T 4J5
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LAND
INDUSTRIAL
INVESTMENT
FOR LEASE
YELLOWHEAD BUSINESS WITH PROPERTY
61,200 SF WAREHOUSE W/OFFICE & RAIL SPUR
PETRO CANADA GAS STATION W/LAND
FORT ROAD CENTRE
2 income producing lots. SELLER FINANCING AVAILABLE!
14135 - 128 Avenue Edmonton 70% VTB AVAILABLE!
Gas, conv. store, liquor store, car wash, restaurant & tire shop
Up to 14,500 SF Available Office, Retail or Professional developed space with elevator
$5,495,000
$6,900,000
$16.00/SF
$1,800,000
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
B16 Alberta $ $ $ $ InVeStmentS $ FOR SALE $ $ Edmonton Apartment Buildings from $85,000/ unit $ $ 11,000 sq ft warehouse $ Retail, on 1.08 acres land $ west Edmonton $ $ Condo Units from $115,000/unit $ $ Farm/Pasture Land. $ 640 acres 1 hour NW of Edmonton $ Total Price: $800,000 $ $ Warehouse, Commercial, $ Retail Bays and Development $ Properties. $ $
edmonton
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTORW
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
For Additional Information
Call LAwrenCe STeInKe & CompAny reALTy LTd.
ph: (780) 447-9009 steinke26@gmail.com
BADLANDS from B15
at Drumheller Institution, a medium-security prison south of town. Property-wise, residential values have increased about 2.25 per cent in the last couple of years, with detached houses averaging $240,000 on 79 sales in the first nine months of 2012. That’s a greater number of sales in nine months than what sold in all of 2010.
Industrial
Industrial space appears to be harder to find, according to longtime local realtor Bob Sheddy, who does business in several Alberta markets and is the broker of record for Century 21 Power Realty in Airdrie. “[The Drumheller] industrial vacancy has continued to tighten to the point where we don’t have some spaces available for certain sizes of industrial tenants, and we’re going to have to get creative this fall,” Sheddy said. “This tight vacancy is going to create a great opportunity for some investors looking to buy some two- or four-bay industrial shops in the coming year.” Sheddy says annual per-square-foot lease rates on industrial properties range from about $9.50 to $13.10.
Buyers can expect to pay from between $42,000 per acre in country rural industrial areas to $100,000 in an industrial area with streetlights, gutters and all services. Commercial land along the highways in town has sold for around $1 million per acre in some circumstances, but typically settles in at around $400,000 per acre, Sheddy says. Significantly, while the inquiries for land almost all but shut off from 2008 to 2011, Sheddy said, “Now we’re starting to get offers on land from pure speculators who see Drumheller as a smart place to invest.” While the energy and agriculture sectors affect Drumheller, other factors can also influence the real estate market.
Movie
Recently the shooting of scenes in the movie Seventh Son starring Jeff Bridges pumped up local hotel occupancy and boosted hospitality revenue, notes Cromwell. While the majority of the film was shot in the Vancouver area, the potential for the Badlands from the film seems untapped. Indeed, Seventh Son’s opening Imax scene, with the wonders of the Badlands, may turn out to be a powerful ad for the area. And, notes Cromwell, what happens in Hollywood can influence demand for many
Quick facts Red Deer Three Hills
Strathmore
Population 8,000 Average detached-house price $240,000 2012 building-permit values $8.48 million (nine months) Serviced industrial, per acre $100,000 Key industries Agriculture, petroleum, tourism, local services
things. Just ask the hospitality entrepreneurs in dinosaur-friendly Drumheller, who remember a little flick from the 1980s called Jurassic Park.u
FOR SALE
FOR SALE
4110 - 79 Street NW, Calgary, Alberta 10,250 Sq. Ft. Office Building 7.93% Cap Rate $2,100,000
602 - 12 Avenue SE, Calgary, Alberta 7,000 Sq. Ft. Downtown Site $975,000
2012 building permit values $8.48 million (nine months) Serviced industrial, (2006) LTD.acre $100,000 www.property-solutions.ca Key industries Agriculture, petroleum, tourism, local services
1267 - 3 Avenue Lethbridge, Alberta 5,000 Sq. Ft. Building Area 8.2% Cap Rate $550,000
3555 Manulife Place, 10180 – 101 Street Edmonton, AB T5J 3S4
+1 780 420 1585
www.collierscanada.com/3645
Westmount Village Phase 1, Okotoks, Alberta 24,175 Sq. Ft. Shopping Centre $9,000,000
Accelerating success.
SOLD
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
97 Prairie Place SE Calgary, Alberta 4.7 Acres of Land 6.3% Cap Rate $1,590,000
110 Montane Road, Canmore, Alberta 63,651 Sq. Ft. Building Area (20 Units) $5,700,000
SOLD
Ken Williamson, cfA Dir +1 780 969 2999
ken.williamson@colliers.com
Residential development land For sale: 158 acres – approved for 931 homes z Prime location in growing, diversified Northern Alberta market with low 4.6% unemployment rate. z Outstanding market fundamentals ($126,000 average household income and average house price of $281,000) with significant growth potential. z Low risk & high return - proforma 19% - annual return without leverage. z Shovel ready, with detailed 3rd party cost estimates for all required servicing. z Ownership group has other interests. z Purchase price of $13 million For additional information please contact ianpor@gmail.com or 604-880-7878
Brooks
Drumheller, AB
• 12,000 to 36,000 sq ft on 3.2 Acres Population 8,000 • Lots of parking and yard space Average detached house price $240,000
Colliers Macaulay Nicolls Inc.
1
Suite 1, 6204 - 6A Street SE, Calgary, AB T2H 2B7 Tel: (403) 214-2344 Fax: (403) 214-0244 www.blackstonecommercial.com
Quick Facts
Mike George: 403-396-0026 or Bill Schoemaker: 403-391-2344
DRUMHELLER
Calgary
FORT MCMURRAY – FOR SALE ORSidebar LEASE NEW INDUSTRIAL SPACE AVAILABLEMap– from 2012 June 2009 WI Drumheller, AB
27
✪
2
5007 - 50 Street Innisfail, Alberta 3,808 Sq. Ft Building Area + 4 Apartments $325,000
4337 Macleod Trail S, Calgary, Alberta 11,980 Sq. Ft. Shopping Centre $5,000,000
SOLD Shane Olin
TELEPHONE:
(403) 708-9086
EMAIL:
solin@blackstonecommercial.com
www.blackstonecommercial.com
Alberta B17
WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com
Colliers Macaulay Nicolls Inc.
3555 Manulife Place, 10180 – 101 Street Edmonton, AB T5J 3S4
+1 780 420 1585 www.colliers.com
Accelerating success. Multifamily Opportunities
Land Opportunities SPRuCE gROVE MuLTI-FAMILy SITES
Spruce grove, AB 5 x Multi family development sites. Ranging from 1-4 acres. Within THE LINKS Golf Course. Excellent views and location.
ATHABASCA LANDS
55 & 34 Street, Athabasca, AB 25 acre, commercial lands development site. C3 (Commercial) and UR (Urban Reserve) Zoning. Exposure to Highway 55 and gateway to Fort McMurray.
Mike Keating
DIR +1 780 969 3028 mike.keating@colliers.com
REVELSTOKE (14 units) 8255 - 95 AVE. (22 units)
BOuNDARy LANDS SPRuCE gROVE/ STONy PLAIN
NEW LISTING PENDING Revelstoke, BC Edmonton, AB Located in BC’s premiere resort Beautiful southside location, 5 mins town from downtown
Boundary Rd & Highway 16A Stony Plain, AB 152.61 Acre development site. Future commercial, industrial and residential.
10651 - 105 ST. (11 units) PENDING Edmonton, AB Located along the new North LRT Line
HINTON LAND
816 Carmichael Lane, Hinton, AB ±1.18 acre, highway commercial district (C-3). Great exposure along Highway 16. One of the last development sites along Highway 16. Excellent retail opportunity.
PENDING Edmonton, AB 10 Buildings, substantially renovated
5411 - 39 AVE. (42 units) PENDING Wetaskiwin, AB Great suite mix, above grade
Matthew Best
Amit grover
DIR +1 780 969 3036 matthew.best@colliers.com
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
9903 - 156 ST. (12 units) PENDING Edmonton, AB Fully renovated building, 8 three bedrooms
RENTER CENTRE 11209 - 86 ST. (20,000 SF) NEW LISTING PORTFOLIO (210 uNITS)
DIR +1 780 969 3006 amit.grover@colliers.com
Land & Building Opportunities KINg EDWARD CENTRE
Investment Opportunities
Edmonton, AB Land zoned DC2 ready for immediate development
5924 - 50 AVE. (14 uNITS)
PENDING Vermilion, AB 2nd lowest rental rates in Vermilion www.edmontonapartmentbuildings.ca
Jandip Deol, CA
DIR +1 780 969 3043 jandip.deol@colliers.com
PARK AVENuE INN
Near Edmonton, AB RA-7 Land. 7.4 acres. Infill site,
beautiful trees, south side location, Rutherford area.
INDuSTRIAL LOTS FOR SALE Nisku, AB (VIP Lands)
Fort Saskatchewan, AB Turnkey opportunity. Limited service. 92 room. Modern amenities. Asking $11,800,000
BEAVERLODgE MOTOR INN
DOWNTOWN EDMONTON HOTEL
Beaverlodge, AB 60 rooms. Gross revenue of $4.15 million. Listed at $5,500,000
Steven Pearson
Perry gereluk
DIR +1 780 969 3023 steven.pearson@colliers.com
FOR SALE
470.36 acres of future commercial and residential development land. Highway frontage. Price: $3,000,000 ($6,378/acre)
LAND LEASE COMMuNITIES Camrose, AB FOR SALE
136 pads on 22.18 acres. Only 2 LLC’s in Camrose. Strong returns, zero vacancy.
LAMONT DEVELOPMENT LAND
Edmonton, AB Higher quality hotel, significant food and beverage. Asking $9,400,000
FOR SALE
Riverbend Heights - Athabasca, AB: 144 acres of land for future development. Price: $2,160,000 Deer Meadows I & II - Cold Lake, 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
REDWATER LAND
SE-36-57-22-W4, Redwater, AB
Future mixed use. 143 acres. Attractive financing available. Price: $10,000/acre
Within town limits, 120 acres residential development land. Price: $15,000/acre
FOR SALE - JUDICIAL LISTING
Mark Swaenepoel
FOR SALE
Andrew Simpson
DIR +1 780 969 3001 andrew.simpson@colliers.com
Retail Investment Opportunities PONOKA LuBE-X BuILDINg
PONOKA CENTRE
4800 Highway 2A, Ponoka, AB 4714 - 50 Street, Ponoka, AB 19, 648 SF of leasable area with 2,512 SF freestanding building, approximately 6 acres of excess strong Covenant Tenant, development land. Tenants Average Rental income - $69,500 include Boston Pizza, Esso, Dairy Price: $868,750 Queen, Subway, and Dominos. Price: $8,000,000
Casey McClelland
DIR +1 780 969 3003 casey.mcclelland@colliers.com
DIR +1 780 969 2979 perry.gereluk@colliers.com
EDgEWORTH RESIDENTIAL DEVELOPMENT LAND PORTFOLIO
NE-20-55-19-W4, Lamont, AB
STARS INN & SuITES
Fort Saskatchewan, AB Limited service, 99 rooms, built between 1995 to 2000. Asking $10,400,000
Fully serviced; 1.5 acres & up; $375,000/acre
Cold Lake, AB
DIR +1 780 969 3037 mark.swaenepoel@colliers.com
Hotel Opportunities
DEVELOPMENT SITE
COLD LAKE DEVELOPMENT LAND
Eric Slatter
DIR +1 780 969 3043 eric.slatter@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
B18 Alberta Duncan, BC
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTORW
BC Championship Golf Courses For Sale • Par 72, 6616 yards, 18 holes
• Par 71, 6416 yards, 18 holes
• 12,000 sq. ft. club house w/ pro-shop, restaurant, lounge & banquet facilities
• Located within an ocean side community • 9,000 sq. ft. club house w/ pro-shop, locker rooms, restaurant/bar & banquet facilities
• Driving range included • 8,000 sq. ft. custom built home
PRICE $9,800,000
Qualicum Beach, BC
• Plans for redevelopment of a 200-room hotel & convention centre
PRICE $4,900,000
ERIC POON 604.714.4768 / KELVIN LUK 604.714.4766
• Excess land for residential development
macdonaldcommercial.com
2300 Sunlife Place, 10123 - 99 Street Edmonton, AB T5J 3H1
780-420-1177 1-877-429-9373
www.cwedm.com INVEST IN THESE OPPORTUNITIES
COMMERCIAL CONDOS 3,000 - 9,500 sq. ft.; Perfectly located on Fort Rd. at Wayne Gretzky Drive and Yellowhead Trail. Starting at $110/ sq. ft.
Contact: Burke Smith Burke.Smith@cwedm.com
PRIME WEST EDMONTON LAND
FOR SALE - STETTLER SHOPPING CENTRE, STETTLER, AB
This 91,403 sq.ft. retail centre has numerous national and regional tenants, such as The Brick, ATB and Peavy Mart. Located at Hwy 56 & Hwy 12, Centre adjacent to Wal-Mart, Boston Pizza & Canadian Tire. Sale Price - $62.50/sq. ft.
VINET’S VILLAGE MALL
63,000 sq. ft.; largest retail strip mall in Vegreville. For Sale - $91.50/sq.ft.
WESTLOCK SHOPPING CENTRE
64,218 sq. ft.; Peavy Mart, Bargain Shop. For Sale - $49/sq. ft.
Contact: Dave Cooney or Doug Fogg - Investment@cwedm.com
DEVELOPMENT LAND IN HIGH TRAFFIC AREA • • • •
MULTI-FAMILY PROPERTIES
• Three development sites; 0.62 to 1.09 acres; Located in Sherwood Park.
Located in Spruce Grove on Jennifer Heil Way. North of Hwy 16. • 41 units in Fox Creek; 17 2-bdrm; common Adjacent to Superstore and Home Depot. areas upgraded. Parcels from 1 – 3.75 acres. • Elinor Lake Resort; 150 acres of lakeside resiContact: Doug Fogg dential land near Lac La Biche, AB. Investment@cwedm.com
FUTURE PETRO CANADA RETAIL SITE • Nisku site has 20-year land lease in place. • Site will include Petro Canada Convenience Store/Gas Bar and A&W Restaurant. • Asking Price: $3,600,000. (PENDING)
Contact: Ian Newman Ian.Newman@cwedm.com
OFFICE/RETAIL PROPERTY • Located in Central Edmonton • Long-term tenants include River City Credit Union & Rosario’s Restaurant. • Price: $3,600,000.
Contact: Ian Newman or Dennis Herbut Ian.Newman@cwedm.com
• 29 units in two buildings in Wetaskiwin; 80% 2-bedrooms. • Highrise site in Rutherford; 1.02 acres zoned for 105 units in dynamic area. • High density development sites & apartment opportunities in Wetaskiwin. • Lac La Biche Mobile Home Park, 58 pad and 157 acre site. • 83 units, Morinville; 10 minutes from St. Albert; built 1980.
Contact: Chris Kamphius or Raphael Yau Multifamily@cwedm.com
• • •
3.34 acres Zoned RA7 Ready to build – up to 172 units Asking $4,175,000
•
+40,374 sq. ft. office/warehouse building excellent tenant mix. Dock and grade loading. Ideal owner/user building with income. Asking $6,000,000.
WESTBAY CENTRE • • •
INDUSTRIAL BUILDING FOR SALE Easy 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
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.
DEVELOPMENT OPPORTUNITIES +/- 0.947 ACRES: Valemount, B.C. Zoned C3 (Service Commercial). $49,500. +/- 1.05 ACRES: Valemount, B.C.. Zoned HC (Highway Tourist Commercial). $455,000. +/- 6.84 ACRES: Fronting St. Albert Trail, Zoned IB (Industrial Business). Two separately titled lots. $6,220,000.00. +1.18 ACRES: Well located with direct exposure to 50th St., Zoned CSC (Shopping Centre). $1,362,000. +19.49 ACRES: Great access to Anthony Henday & Highway 16, Zoned IM (Medium Industrial).
Contact: Jeff McCammon or Doug Bauer Investment@cwedm.com
Alberta B19
WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com
alberta
St. Albert demands Canterra ante up
T
he City of St. Albert city council voted unanimously in September to stop subdivisions in its Kingswood neighbourhood until Canterra Developments Corp. provides a park and school site. “Over the last decade the city has tried numerous times to work with the developer to find a way to accommodate the needs of both the developer and the community,” said Mayor Nolan Crouse. “We are deeply frustrated and disappointed in the actions and stance of the developer for sacrificing the community’s interest to uphold [its] personal preferences.” Canterra is cool to the idea of a high school for Kingsway, or an easy connection that will facilitate high-school traffic. The developer wants only an elementary school to be permitted in the community. Canterra president Murray Brown was quoted in the St. Albert Gazette, the city’s largest newspaper, as being unapologetic regarding his company’s plans. His remarks were controversial and may anger some teenagers. “In our opinion, they don’t make for great neighbours,” Brown told the newspaper, which went on to quote him as saying, “I think that’s our assessment of how we feel about teenagers in general …” The ongoing issue remains in the higherend suburban city: residents of Kingswood are still without either a finished park or a neighbourhood school at this point.
Big-city building numbers jump
W
ith two-thirds of 2012 behind them, building activity was up in Alberta’s major cities by about 7.9 per cent in Calgary and a somewhat more impressive 13.7 per cent in Edmonton. Still, Calgary was way ahead in total new construction, hitting $3.33 billion for the first eight months of the year, ahead of Edmonton’s $2.2 billion for the same period. Residential growth has been the big engine in Calgary this year, with singlefamily residential permits up by more than 490 units and overall residential construction up by almost 26 per cent. Nonresidential permit values were down about 7.8 per cent. Edmonton’s increase was evident almost across the board, with only the institutional sector’s building activity lower in the first eight months of the year. Calgary housing sales are also up for the first nine months of the year, rising 15 per cent over 2011.
Natives eye casino expansion
T
he Tsuu T’ina First Nation wants to add significantly more development to its casino site on the edge of southwest Calgary. The Tsuu T’ina announced plans in late September for a $65 million expansion of its Grey Eagle Casino project, something some southwest Calgary residents believe should not go ahead without major infrastructure improvements. Tsuu T’ina plans call for a 4.5-star, 178room hotel with conference and banquet
LAND FOR SALE Hansen Land Brokers Calgary & Southern Alberta Development-Farm/Ranch Investment-Recreational
HANSENLANDCO.COM
1-888-652-7212 Associate Broker/Lively Realty Ltd
C603561
Okotoks (finally) moves to lift growth cap with land grab
T
he growth cap is off for one of Alberta’s fastest-growing towns. Okotoks town council voted earlier this fall to support a continuous growth model for the Foothills community of 25,000, located roughly 15 minutes south of Calgary. That means rather than sticking with a population cap of between 25,000 and 30,000, Okotoks will look Okotoks set to expand after 42 per cent to start annexing land on its fringes in growth in five years. the Municipal District of Foothills. Okotoks was the 10th-fastest-growing community in Canada from 2006-11, with 42.9 per cent population growth. “Okotoks town council looks forward to working with administration and the public to develop our plans for future development in Okotoks,” said Okotoks Mayor Bill Robertson. The town has been seriously studying whether to move beyond the estimated build-out population of between 25,000 and 30,000 since 2008. While public feedback on the issue has been mixed, Okotoks council believes that a majority of its citizens consider growth inevitable, and that solutions need to be found for the town’s future water supply that will allow for the quality of life to be maintained in the community. The town’s primary water source is the Sheep River, but with no cheap access to more water from the river to accommodate growth Okotoks will need to take further steps to buy up existing water licences in the area to allow for growth. The town also expects it will have success working with the surrounding district on the issue, despite the fact that new Foothill subdivisions are contributing to growth pressure in the community. Robertson said Okotoks has a long history of successful ventures with its rural neighbour, including development of industrial lands and recreation facilities. Photo: Town of Okotoks
W h at ’ s h a p p e n i n g i n
facilities to be built adjacent to the existing casino, a 2,000-seat entertainment centre and an expanded gaming-room floor with an additional 300 slot machines. The casino property is currently accessed via the Glenmore Trail Interchange at 37th Street, which the Tsuu T’ina Nation has no plans to contribute toward upgrading. Construction started this fall, with the
gaming expansion expected to be complete in the spring of 2013. The hotel section, on the other hand, will be finished by 2014. The entire project is expected to create 70 to 100 full-time jobs. The Alberta Gaming and Liquor Commission approved the gaming expansion in April.u – Compiled by Dave Husdal
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 • • 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
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.
B20 Alberta INVESTMENT PROPERTIES FOR SALE 8 suite apartment near proposed new downtown arena 6 ones, 2 bach, upgraded-call for proforma 2 acres on ellerslie road in edmonton, busy south side corridor. now being rezoned to Dc2 for commercial, retail usage development- $1,800,000 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 Bare lanD conDo titleD lots located within a modern mobile Home park in High level, aB. consider as vacant. mls # e1014318 price slashed to $895,000 WanteD- investment properties for all ici categories. looking for apartments, commercial/retail buildings, industrial properties etc. free evaluation!
RICK D. JENKINS bus: 780-990-6120 • cell: 780-990-6120 ..email: rdjri@telus.net POLARIS REALTY
Commercial Realtor
7.93 ac C3 Zoning on Hwy 13 opp. of Airport In Wetaskiwin. $729,000 1.70 acre fully serviced industrial lot ready for development. In Stony Plain $559,900
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTORW
Val Toffoli
• car wash, I hour from Edmonton: $2.95mil. Sale $600,000 • MOTEL: Asking $3.99 mil 47 Rooms, Bar, 4 VLT’s, Leased restaurant Drayton Valley, 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 Tomkoh999@gmail.com
Phone: 780-707-9395 REALTY ExEcuTiVEs POLARis
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 • 6 - 200+ ste projects available with 100% Buyer Representation to ensure your best interests are represented 100%! Call for Details. WANTED: APARTMENT BUILDINGS Have Qualified Buyers Ready to Purchase!
Sleepy Hollow Campground & Mobile Home Park •40 acres in the Town of Olds, some site work completed on 1st phase of 40 lots remainder potential for MF ............. $2.9 M
5 acres country residential lots near Drayton Valley $65,000 ea. 39 Ac - Land on Hwy 21. Near Edmonton & Beaumont.
•80 acres nice recreational property..$189,000 •11 acres SF/MF dev. site ..............$600,000
135 Ac - Land on Yellowhead Hwy in Vegreville. SxS brand new duplex live in one side and rent another or both sides potential rent $1700 per month per side
Goldy SinGh
Empire Real Estate Group 780 499 8500 goldy122@hotmail.ca
INVESTMENT PROPERTY FOR SALE IN SYLVAN LAKE, AB
5.08 acres within 2 blocks of the lake. Currently used as Mobile Home and RV lots. Cliff 403.844.5507 or Irwin 403.844.1581
Call
PRIME
selling Edmonton since 1987
•116.2 acre hwy 2 Athabasca ......$1,150,000
12 Acres in Pincher Creek, AB on Hwy 6, 21 Mobile Home Sites, 75 Campsites, Great location, amenities, opportunity. PRICE: $1,125,000
*Terms considered on above properties*
Call
ANGELA
BRANDENBURG (780)-439-9818 / 780-266-3888
403-627-2033
www.sleepyhollowcampground.ca
www.Edmonton-Homes-Land.com
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
eMAIL:
• 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
G
PENDIN
G
PENDIN
Orest: 780-679-8353
swancity@telusplanet.net
•
FAx:
780-672-1897
www.swancityrealty.com
EQUITY WARRANT AVAILABLE FOR EDMONTON & SASKATOON PROPERTIES
HIGHWAY
Purchased in 2007 income producing property centrally located in Sakskatoon. 11 recently upgraded apartments. All rented with excellent tenants. Refinanced til 2016. Mortgage $565K Market value $1.2 - $1.3M. Available equity warrant at $600K.
•
Condo purchased in 2007 centrally located in Edmonton, financed til mid 2013. Market value $140K - $150K. Equity warrant $145K.Owner wishes to redeem equity in both properties for $745K. Serious parties only. Will consider swap in France.
COMMERCIAL • •
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
11,000 sq ft building on 3.51 acres of prime industrial land on Innisfail’s truck route. Included are offices, kitchen, wash bay and 1 bedroom suite with lots of room. Asking $1,490,000 with commercial equipment or offer as a great shop.
Contact us for a free information package!
• A Flagged full service Hotel in superb condition, great location, continuous flawless operational performances delivering outstanding revenues and N.O.I., existing good financing that may be available to a qualified Purchaser; very good potential upside under continued good management. Asking $36,000,000 • A Commercial Building fully leased and has tremendous Imminent Re-development potential with a “10 FAR” and no Height Restriction on this sizable piece of property, located in the Centre Core of a very, very dynamic City of substantial economic growth that has created a huge demand for various types of facilities associated with City Centre Locations, as such this property has great potential for maximizing value. Asking $14,000,000 • 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 various conveniences, excellent condition, highway exposure in an area of superb economic growth that very good revenue performances, which shows substantial up-side potential going forward under continued good management. Asking $14,500,000 • 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 additional rooms, 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 • A Full Service Hotel featuring a significant number of large Suites among many other outstanding features, highway location in an area of substantial long term economic growth, superb operational performances from all of its divisions - including its VLT Machines -; further, it a has a number of acres of additional land that may be utilize for addition to the Hotel and/or separate development. Asking $13,900,000 • 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
Please contact by e-mail vak@sympatico.ca
TWO OPPORTUNITIES FOR YOU NEAR RED DEER ALBERTA
Ray Telford • Economic Development • info@camrose.ca • 1-888-672-4426 • • camrose.ca •
current offerings
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Opportunities BIG and small. land; multi-residential, buildings and business opportunities every month in the Western Investor.
John Verbitsky 403-341-9166 johnverbitsky@remax.net RE/MAX Sun Country Realty
1-800-661-6988
Alberta B21
WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com
t a s t E e l a e R e m i r P
CALGARY OPPORTUNITIES
S ylvan L ake, A lberta
RETAIL BUILDING IN SW, CLOSE TO NEW LRT LINE 5100 sq ft building for sale, fully leased. $1.599M
Pizza Business, Restaurant/Bar Business, Land & Building across from the Beach.
Call cell:
PROPOSED 200 UNIT CREW CAMP IN HEART OF OILFIELDS Turnkey operation with management in place and potential high returns to investor. Investment $6M.
CARL STEPP
10 ACRES FOR SALE, BALZAC Investor looking to sell his 10 acres within a syndicate
403-358-9300
www.sylvanlakehouseguy.com BUSINESSES • COMMERCIAL LAND • LAKEFRONTS
BUSINESS & INVESTMENTS MOTEL IN SUNDRE * Asking: $2.49M * SALES: $752,047 * NOI $366,681 * 25 UNITS * 17 VLT’S MOTEL IN DIDSBURY * Asking: $650,000 * Busy motel * 17 Units + 30 Seat restaurant
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MOTEL IN MOSSLEIGH * Asking: $549,500 * Busy motel * 17 units + 14 RV parking stalls 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 GROCERY STORE IN MORSE, SK * Asking: $249,000 * Sales: $733,140 * Only grocery store in the village LIQUOR STORE IN TROCHU * Asking: $430,000 * Sales: $885,886 LIQUOR STORE IN VULCAN * Asking: $280,000 * Sales: $528,000
Central Alberta
1-800-661-6988
KEN WITHER • 587-215-2245 • kswither@gmail.com • RE/MAX House of Real Estate
• 4000 sq ft Penthouse Office Space For Lease on 17 Ave SW • Industrial Office Space on Burbank Cres SE • Fine Ethnic Restaurant with Great Location $349,900 • Storm Door Business $289,000 • Window Manufacturing Company $729,000 Bus: (403) 240-4000 www.toolepeet.com • Specialty Coffee Shop $125,000 • Buyer Brokerage for Alberta Multi-Family Properties and Western Canada Golf Courses
Email Commercial@prutp.com to Receive Our Current Alberta Apartment Report!
Alberta Multi-Family
Investment OppOrtunIty
Portfolio Peace R iver & H igh Level
Paul ChaPut - PrinCiPal - investment paul.chaput@avisonyoung.com
92 Apartment Suites & 23 Motel Suites
Cody nelson - assoCiate - investment cody.nelson@avisonyoung.com
rocky park cIr rEaLTy
780.428.7850
Average Cap Rate: 7.63% Price: $6,035,085 (52,479/unit)
403-681-7512 www.rockypark.ca
www.avisonyoung.com
partnership. performance.
S TEP INTO PARADISE
A
4920 Chute Lake Rd., Kelowna, B.C. MLS#: 10055117
re you looking for that special home that leaves all your troubles behind when you arrive? This fabulous brand new 5,600 sq ft masterpiece offers luxury & serenity, yet is only minutes to the lake, shops & amenities. Situated on a private 2.05 Acres offering sweeping views of Okanagan Lake, City and Mountains as a wondrous backdrop from your expansive patio. Your backyard offers a private pool, a beautiful vineyard, gorgeous landscape & a world class winery as your neighbour. The home offers a 5-car attached garage (heated). Ultra modern finishes inside with elevated ceilings & an open great room concept make this home flow beautifully. Included are a state of the art gourmet kitchen, breathtaking master ensuite, theater room + oversized rec room. For the discerning buyer only! Call for more details.
$3,880,000 Warren Sing
Details: • 4 Bedrooms • 6 Bathrooms • Floor Area: 5,600 sq ft Land Size: 2.05 Acres • Year Built: 2012 • 2-5-10 Warranty
Gino Muoio
604.240.5882 gino@belairrealty.ca
604.617.0225 warren@belairrealty.ca
w w w. b e l a i r r e a l t y. c a
B22 Alberta
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTORW
Commercial, Industrial & Residential Financing
CALGARY COMMERCIAL REVENUE BUYERS! Light Industrial Building in Meridian Industrial Park Zoned I2 (general light industrial district, so open many types businesses)! 9200 sq ft foot print with 4 bays 12x14 doors & 21’ ceilings and 3 phase power throughout. 3252 sq ft office upstairs - marble & granite flooring. 1 board room - 9 offices, Executive Private Office with shower & views of downtown & mountains - lunch room and bldg fully leased with long term tenants! On 1.06 GAS STATION/CAR WASH acres fully fenced perimeter. Very well maintained with ALL NEW SBS CONVENIENCE rolled on roof - radiant heatersSTORE - Ac units - windows & flooring - front 20 space parking lot paved. All done within the last year. Also have 2010 Phase II Environmental Report and a current 2011 RPR! 10 minutes DOWNTOWN CALGARY & AIRPORT! Few blocks from Trans Canada Hwy & Barlow Trail. Call Ivan for info & Video Tour!
Obtaining Mortgages and Loans can be made Easy & Simple!
Contact: Frank Hickey
P (403) 290-1990 F (403) 269-1853 frank@concordmortgage.ca
Long Term Investment Land in RED DEER CITY GROWTH PLAN 1 mile west of City of RED DEER on Hwy #11! Location prime for Convention Hotel - Big Box Stores or Highway Commercial or Country Residential & 1/2 mile Hwy frontage! OR Build your EXECUTIVE HOME with million dollar view: City of Red Deer as surrounding 1/4’s have high end executive homes on them and wait for City to come to you! Utilities -Well - Septic & laneway in place! Call Ivan for Info & VIDEO TOUR!
LOCATION - LOCATION – LOCATION Farm Land & Buildings absolutely gorgeous house 10 minutes east Red Deer on dead end road complete peace & tranquility beside Red Deer River! Newer 2100 sq ft home - 5 bed 4 bath - 840 sq ft master w/ huge ensuite to 3000 sq ft wrap around deck, hot tub in all-weather gazebo! Spectacular view 116 acres, 32x48 heated shop & HUGE GENERATOR! Horse lover’s paradise cross fenced - auto waters all in hay! ALL FOR $895K! Call Ivan for VIDEO TOUR!
IVAN BRANDT
Maxwell Real Estate Solutions Ltd. Check out Ivan’s Call: 403.350.9603 Email: ivanhoe1@shaw.ca Video Tours of all these properties! BUY with KNOWLEDGE
SELL with CONFIDENCE
www.ivanbrandt.com
MAKE MORE DEALS Market your listings in the Western Investor. Thousands of private investors and real estate professionals use the Western Investor to help guide their investment dollars into profitable businesses.
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B23
WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com
COVER “Energy City” welcomes first private residential developers in years as investors stake claims
Estevan powers up
will be in the $35 million range. If permits do hit that total, it would give the city an impressive five-year average of almost $40 million. The figures include 586 housing units, which have been constructed in just under five years, as well as 200 hotel rooms.
WI STAFF
WESTERn InvESTOR
While most equate this city of 12,000 with oilpatch plays, according to land development manager Rob Denys, “We have a very diversified economy.” While the traditional money makers – oil, coal and farming – still dominate, Estevan is also becoming a unique centre for carbon capture storage technology. In fact, a 3.3-kilometre-deep hole – the deepest ever in Saskatchewan – has been sunk near Estevan as part of a multibilliondollar venture that will be the first commercial-sized exhibit of carbon dioxide capture and storage techniques when it completes next year. The well will be used as a deep saline carbon dioxide storage site for SaskPower’s Boundary Dam carbon capture project. Together the two will meet emission reduction targets by taking captured CO2 gases and driving them deep underground. “This project is already the first of its kind in the world, so to find that we drilled the deepest well is a nice surprise,” said Malcolm Wilson, CEO of the Petroleum Technology Research Centre (PTRC). The deep well is the primary storage shaft for Aquistore, a $26.5 million research project that is the first commercial-scale deep
Industrial
On the industrial side, the report noted that the Glen Peterson Industrial Park, which opened in 2009, has seen relatively strong interest. Currently the park is home to the Saskatchewan Energy Training Institute as well as a handful of businesses. There are still six lots available in the park and the city is getting daily inquiries about available property. Denys said a serviced acre in the park is selling for around $200,000. The city sold 18 acres of land directly north of the industrial park to an Edmonton-based developer in 2011. The mixed industrial/ commercial development will also see the start of the extension of King Street to nesbitt (L-R) Trimount Estevan Development’s Matt Rood, Jason Fleury and Mike Reinhaller Drive. open first new privately build residential subdivision in years. As well, some of the land that was transsaline injection project in the world. PTRC southeast Saskatchewan oilpatch. ferred by the RM of Estevan to the city has is attempting to demonstrate that deep geo“The Aquistore project is an important one been reserved for industrial uses. logical storage of industrial CO2 is safe and as it puts Estevan and Saskatchewan on the economically and environmentally feasible world stage,” said Wilson. More hotels since it is geared It’s innova- On the commercial side, the report focused toward reducing t i v e j o b g e n - on the city’s northeast commercial area. The greenhouse gases erators such as city has sold land in the area to developers for to meet Canada’s this that have two more hotels and construction is expected climate change pushed Estevan to begin later this year or in early 2013. It’s expected development in the area will goals. to the frontline of economic growth in be will also include an office building, strip The dam refit will be pumping approxi- Saskatchewan. mately 110 megawatts of electrical power In a recent study of current and future mall and restaurant. There are also plans for into the Saskatchewan grid while capturing development plans for the City of Estevan a strip mall/residential complex in the area most of the carbon dioxide and other nox- it was noted the city had issued $22 million in that will provide 24 much-needed rental units ious and useful gases. CO2 can be used as an building permits through August and antici- for Estevan. Please see Energy page B24 agent to enhance oil-recovery practices in the pated total construction values for the year Photo: Estevan Mercury
I
t is not hard to find clues to the growth in Estevan: building permits are averaging nearly $3 million per month, there is high demand for industrial land and residential rents are the highest in Saskatchewan.
“The Aquistore project puts Estevan on the world stage”
Saskatchewan
B24 Saskatchewan
www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTOR
ENERGY from B23 Landlords welcome
North Fork EQUESTRIAN CENTRE 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. $990,000.
Don Fry
rE/MAX Don Fry (306) 222-0053 or 1-866-664-3800 e-mail: don@donfry.com Photos at www.saskrealty.com
3,600 ACRES
“We have 1 per cent rental vacancy rate,” Denys said, noting that the vacancy rate has been below 2 per cent for years. Demand from transient workers means that twobedroom apartments now rent for north of $1,100 per month, the highest in the province. As a result, the City of Estevan is offering two-year property tax holidays and other incentives to anyone who builds permanent rental apartments under its CANDO progra,. Recently, six low-cost rental units were included in a 12-suite project by SV Rental Corporation, but the project required $1 million in federal and provincial assistance. Along with the money from the two upper levels of government, the City contributed by offering tax breaks. Residential developers, however, are concentrating on market housing in an effort to cash in on the resource-fuelled boom. The first private residential development in years kicked off in September with the launch of a new subdivision by Trimount Estevan Developments Ltd. The land, covering 84 acres, was bought from the city, which is tra-
ditionally the largest land developer. Mike Reinhaeller, vice-president of operations for Trimount, noted that 22 acres is being dedicated to the first two phases of the development that can expand to embrace as many as 230 single-family homes. All services including sidewalks, curbs, water and sewer should be completed by December, with most of the properties in Phase 1 already serviced, Reinhaller said. Building sites have been prepared for the first 37 single-family residences, noted Terry Germain of Century 21, the agents for the property sales. Councillor Chris Istace, speaking on behalf of the City of Estevan, said it realized that the best way forward on housing plans is to partner “with those who know how to build homes.” Istace added that “this developer is taking the ball and running with it and making a full integration into a community ... not just homes.” He added these were the kinds of projects that had to roll out if Estevan was going to fill the 1,200 job vacancies that exist in the city and immediate area. Another development in the north of the city – the Meadows of Estevan project by Essex Developments – is in the works as well. Essex owns 118 acres in the area but the
EQUITY LOANS
Quick facts Moose Jaw
Regina
1
39
Weyburn
SASKATCHEWAN
ESTEVAN ✪
U.S.A.
Estevan, SK Population 12,000 Average house price $245,000 Two-bedroom rent $1,100 Acre industrial land $200,000
current infrastructure only has the capacity to service 33 acres. These acres will have space for singlefamily, duplex, townhouse and multi-family dwellings and could have room for 3,000 people when fully completed.u – With Norm Park and Chad Saxon, Estevan Mercury
Approx 3600 acres of land within Map: we have to make up 20 minutes of Saskatoon one of Canada’s fastest growing cities Quick facts
Package includes: Estevan SK • Prime farmland • Acreage potential subdivision land • Investment property. Population 12,000 LENDER DIRECT • Acreage lots Approx 40 acres can Average house price $245,000 be further subdivided
FOR MB,$1,100 SK & AB PROPERTIES 2 bedroom rent For more information contact: land $200,000 RESIDENTIAL & COMMERCIAL James Hunter Coldwell Banker Rescom RealtyAcre industrial 306-716-0750
james-hunter@coldwellbanker.ca or sasklandhunter.com
CALL 1 866 405 1228
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
Sutton Group Results Realty
Saskatchewan Real Estate Solutions! For Sale/For Lease Weyburn, SK
• Newly developed industrial buildings • Minimum 1,612 sf, maximum 4,216 sf contiguous space available immediately • 9,456 sf in Phase II available Spring/Summer 2013
Sale Price: $160.00 psf Lease Rate: $14.00 psf Contact: Art Ingleby or Jeff Sackville aingleby@ay-sk.com jsackville@ay-sk.com 306-359-9799
Business For Sale Regina, SK
Business For Sale Regina & Moose Jaw, SK
Regina Location • Solid business with an excellent track record in a great location.
Moose Jaw Location
• Two retail auto & agro supply outlets and their supply warehouse • Financial information available upon signing of Confidentiality Agreement • Leases to be negotiated as condition of sale
Asking Price: $650,000.00
Asking Price: $3,200,000.00
Contact: Art Ingleby or Jeff Sackville aingleby@ay-sk.com jsackville@ay-sk.com
Contact: Art Ingleby or Jeff Sackville aingleby@ay-sk.com jsackville@ay-sk.com
See these properties and more on our website: www.avisonyoung.com
306-359-9799
Saskatchewan B25
WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com
estevAn, sAsKAtchewAn
grain land investment opportunities 25% doWn BalanCe mortgage (oaC)
Call today for your opportunity
S A S K AT O O N APARTMENTS
Wintonyk Grain Land $459,900 Good Grain Land on Highway 40 West of Blaine Lake. 445 Acres in the RM of Redberry #435.
MLS® 436985
WA N T E D !
Vayro Horse Farm
$379,900 160 acres with a great 6 bedroom, 3 bathroom, 2,220 sq ft family home near Sonningdale. 2 Barns, outdoor riding arena, fenced, spring fed dugout. MLS® 442391
RE/MAX Saskatoon
WinGard Ferry
ed Bobiash
Farm & Acreage Specialist 306-222-7770 • ed@ebteam.ca www.saskland4sale.com
10 Acres commercial Zoned with 12,600 sq. ft. shop 600 Amp 3 Phase Conc. Floor All services available Asking price: $800,000
$224,739 Great Views of North Saskatchewan River on West Side of Wingard Ferry Crossing. Mixed Forest and Grassland.
MLS® 425965
Call
306.934.3151
Farm & Acreages Specialist - Call for info 306-222-7770
www.delpetersrealty.com
“Saskatchewan’s largest commercial real estate company”
regina connection!
D L SO
24 Unit Apt. Renovated Moose Jaw $2,500,000 Panago Pizza - Regina - 15 years $450,000 cond/sale 23 Unit Motel - Bonnyville, AB $1,250,000. Room Sale $400,000 20 Unit Motel - Drayton Valley, AB $1,250,000 24 Unit Motel - McCreary, MB Full Service - $750,000 40 Unit Motel w/ 98 RV & 23 Mobile homes - $8,400,000 (First Time on
Investment opportunIty
For sale - Great loCatIon
For sale – real estate 311 Gladstone Crescent, saskatoon, sK Land Size: 3 acres (375’ frontage) Ideally situated in the North Marquis Industrial area sale price: $1,197,000.00 Contact: John Kachur or Josh Walchuk
2174 airport Drive, saskatoon, sK Building Size: 28,663 sq. ft. Land Size: 1.33 acres Prime Airport location, great access sale price: $4,500,000.00 Agents: Jim Wotiuk and John Kachur
Mobile home Park, 4 Residences, 12 new Kitchenettes
Market - Exclusive - Over 30 yrs in family!) Moose Jaw
Truck Stop Gas / Restaurant #1 Highway w Card Lock - $2,600,000 Moose Jaw
Most booming city is Sask., Oil, Gas & Agriculture. 14 acres, of mostly all new development. Asking Price: $3.3 Million Showing a net return of 11.45% +
For sale - InDustrIal ConDos 3919 Brodsky avenue, saskatoon, sK 2,631 sq. ft. - 4,107 sq. ft. units Building Size: 16,105 sq.ft. Located in the North Marquis Industrial area listing price: $175 PSF Contact: Barry Stuart & Kelly Macsymic
Investment opportunIty
Moose Jaw
Office Complex - Regina, SK 2 Storey - $2,649,000. On 40,000 sq.ft. lot + 24,000 sq.ft. 3 storey
Ajit MAthAru 306-581-3130
Downtown Office: 306.664.6116 North Office: 306.933.2929
www.icrcommercial.com
mt.sentinel@shaw.ca
Highway Commercial #1 Highway - 10 acres - $2,200,000
1201- 101st street, north Battleford, sK Annual Net Income: $72,000 Cap Rate: 8.47% Excellent Retail location sale price: $750,000 Contact: Ken Kreutzwieser
ICR Commercial Real Estate
Mt. Sentinel Walter Tymofievich Realty Ltd.
928-726-9638
DEL PETERS REALTY
Email: ajitregina@gmail.com
Regina Office: 306.721.6116
homelife crawford real eSTaTe
SaSkatchewan
Accelerating success. FOR sale
PARKER INDUSTRIAL PARK •
46 lots available 2.5-acres to 6-acres
•
List Price: $125,000 - $250,000
•
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 Kevin Jonhson | 306 281 9929 | kevin.johnson@colliers.com ken Suchan is a Licensed Broker with ken Suchan Realty Inc. and has a contractual relationship with colliers Mcclocklin Real estate corp. • •
Excl.
Glen Hill | 306 535 0604 | glen.hill@colliersregina.com
*
FOR lease
*
1500 QUEBEC AVE
1008 20TH ST W 4,000 SF 2-storey office with 4,755 SF warehouse Ample secured parking area One block east of the new Station 20 West Community Centre • List Price: $950,000 • Net Lease Rate: $9.75/SF MLS® Ken suchan* | 306 221 1825 | ken.suchan@colliers.com Kevin Jonhson | 306 281 9929 | kevin.johnson@colliers.com ken Suchan is a Licensed Broker with ken Suchan Realty Inc. and has a contractual relationship with colliers Mcclocklin Real estate corp. • • •
*
FOR sale
Rendering
Great exposure on high-traffic corridor Office/retail located on the corner of 36th Street and Quebec Avenue • 97 on-site parking stalls • Newly renovated • Net Lease Rate: $16.50/SF MLS® lloyd Minion | 306 221 4249 | lloyd.minion@colliers.com Glen Paziuk | 306 241 8884 | glen.paziuk@colliers.com Brian Peberdy | 306 221 6090 | brian.peberdy@colliers.com • •
FOR sale/lease
1212 12th ST - HUMBOLDT
Redevelopment site 17.65-acres of land Close proximity to golf course, new 42-bed hospital, and two (2) elementary schools • Located in the north-end of Humboldt at intersection of Main Street and 12th Avenue • List Price: $3,700,000 MLS® Ken suchan* | 306 221 1825 | ken.suchan@colliers.com Kevin Jonhson | 306 281 9929 | kevin.johnson@colliers.com ken Suchan is a Licensed Broker with ken Suchan Realty Inc. and has a contractual relationship with colliers Mcclocklin Real estate corp. • • •
FOR lease
220 WALL ST
34,800 SF New Class A office with LEED® Gold Certification (targeted) • Located on the corner of Wall Street and 24th Street with 62 on-site parking stalls and main floor retail available • Roof-top green space • Net Lease Rate $32.00/SF MLS® lloyd Minion | 306 221 4249 | lloyd.minion@colliers.com lisa Matlock | 306 380 4812 | lisa.matlock@colliers.com •
FOR sale
FOR sale
3703 KOCHAR AVE
Industrial condos Bays 1,4,5 - 3,000 SF • Bay 3 - 4,000 SF • List Price $555,000 (Bay 1 & 5) • List Price $540,000 (Bay 4) • List Price $720,000 (Bay 3) MLS® * Buyer incentive of $9.00/SF for next two (2) bays sold lloyd Minion | 306 221 4249 | lloyd.minion@colliers.com •
FOR sale
•
Colliers McClocklin Real Estate Corp. / 306 664 4433 / www.collierscanada.com/saskatoon CIR Commercial Realty Inc. / 306 789 8300 / www.collierscanada.com/regina
LANGHAM DEVELOPMENT • • •
Residential/commercial development 87.41-acre site Located in the progressive town of Langham - 20 minutes from Saskatoon on Highway 16
•
List Price: $1,430,000 ($16,360/acre)
MLS®
lloyd Minion | 306 221 4249 | lloyd.minion@colliers.com
B26 Manitoba www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTOR SPOTLIGHT Winkler recruiters head to Ireland – and beyond – to fill 200 manufacturing jobs
geoff kirbyson WESTERn InvESToR
M
artin Harder isn’t messing around with the worker shortage in Winkler.
The mayor of Manitoba’s sixth-largest city needs 200 people immediately to fill a variety of jobs, most of which are in the manufacturing sector. And if they won’t come to him, he’ll go to them. He’s joining a Manitoba delegation to a job fair in Ireland this month and is hoping to convince as many people as possible to immigrate to Winkler. A recent change to immigration laws in Manitoba requires that newcomers have a good grasp of the English language. In the last few years, many immigrants to Winkler and other southern Manitoba communities
Winkler, MB Population 10,700 Average house price $250,000 Potential Manufacturing, retail expansion
have come from Russia and Ukraine. “We’re struggling a little bit. We know of lots of Mexicans who would like to come here, they’re excellent workers, but they really struggle with the language. So we have to look at different countries,” he said. Harder is optimistic that the pending arrival of a Chinese company, Grand Foods, which is setting up a honey processing facility in Winkler, is a sign of things to come, too. “It’s an industry that isn’t available in Manitoba, so it’s something new. That’s what we’re looking for. The high-tech industry is a great example; we don’t have any of that
The glass piece was the last of 1,669 unique panes installed. Now efforts will turn to finishing Canadian Museum the inside, includfor Human rights, ing the spaces for Winnipeg. the museum’s many exhibits. stuart Murray, the museum’s president and CEO, said a much-anticipated ne of the largest and most influential grand-opening date will be set in the notconstruction projects in Winnipeg’s too-distant future. history has hit a major milestone. “We know it’s 2014. We’re going to get The last pane of glass on the Canadian that down to the day and a month, and we Museum for Human Rights has been put in place, signalling the end of the outside work should probably know that early in 2013,” he said. of the $351 million project. Photo: City of Winnipeg
W H aT ’ s H a p p e n i n g i n
Manitoba
Museum reaches major milestone
O
BELAIR COMMUNITY STORE
BELAIR, MANITOBA, EAST BEACHES AREA
60 minutes from Winnipeg, this 2385 sf bldg is in a high traffic area. Serves REDUCED ! year round & seasonal clients. Featuring gas, grocery, deli, propane exch & large loading/storage area. Modern kitch/prep area w/walk in cooler, + 2nd kitch/takeout area. Incl most fixtures & equip. Endless possibilities! $224,900 $169,900 Vendor motivated!
ATEAH REALTY LTD
Photo: Irish Central
Help wanted
irish workers queue during a recent Canadian job fair: Winkler needs 200 workers immediately.
in Winkler. We’d be there with open arms to accept somebody who wanted to set that up,” he said. According to the 2011 census, Winkler had 10,670 residents – up from about 9,000 in 2006 – but Harder is confident its population is well over 11,000 now.
Tight rentals
That growth has contributed to a perpetual shortage of entry-level housing in Winkler. no matter how fast the supply increases, it hasn’t been enough to move the vacancy rate above zero per cent, he said. What has been billed as “Winnipeg’s Guggenheim” – in reference to the museum in Bilbao, Spain, that attracts 850,000 people annually – could add more than $75 million to Manitoba’s annual gross domestic product through spending in restaurants, hotels and retail outlets, according to some predictions.
IKEA opens November 28
T
he most-anticipated retail arrival in Winnipeg’s history now has a date: November 28. That’s when Swedish
B R A N D O N , M A N I TO B A MOTEL: NEW LISTING, 27 SUITES, 18 DOUBLE ROOMS, ROOM SALES $700,000. PLUS, OWNER MAY CARRY SOME, PRICED TO SELL QUICKLY. MOTEL: JUST LISTED EXCLUSIVE 51 ROOM MOTEL ON HIGHWAY 16 NEAR OIL PATCH, PRICE $ 1,999,000. MUST SELL. HOTEL: DOWNTOWN BRANDON, 15 ROOMS, VENDOR, BEVERAGE ROOM, RESTAURANT LEASED OUT, OWNER RETIRING MOTEL: CLOSE TO WINNIPEG, 12 ROOMS, INDUSTRIAL TOWN, RESTAURANT LEASED OUT. PRICE: $499,000. FIRM MOTEL: 20 ROOMS, BAR, VENDOR, RESTAURANT, CLOSE TO USA BORDER, PRICE $849,000
That could be about to change, however. To the end of August, there had been 210 housing starts – including apartments and duplexes – and Harder is confident another 20 will break ground before the end of the year. That’s more than the number of starts in 2010 and 2011 combined. “We normally have about 100 housing starts per year,” he said. Winkler’s housing market is about as close to a sure thing as you can get. Don Friesen, owner of Choice Realty, said it grows 2 to 3 per cent per year, “come hell or high water.” “I’ve been doing this for 23 years and it’s been steady for 23 years,” he said. A typical house in Winkler is a 1,200-square-foot bungalow with three bedrooms and a two-car garage that sells for about $225,000. Winkler is home to a number of big-box stores, including Wal-Mart and Shoppers Drug Mart, as well as a number of smaller retailers and restaurants, but Friesen said there’s plenty of room for more commercial development.u
furniture-maker ikeA will christen its 395,000-square-foot store. Store manager stephen bobko is overseeing the final hires of a team that will number between 300 and 350 people. He has been inundated with more than 3,000 resumes since announcing hiring plans in June. “It’s clear that IKEA is the employer of choice in Winnipeg,” he said. Remarkably, IKEA also stands alone among other high-profile construction projects in Winnipeg for being on time. The new airport terminal building was a year late when it opened in the fall of 2011 and the new field for the Winnipeg blue bombers is a full season behind schedule.u
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Executive Hotels jump to Prairies
V
ancouver’s Executive Hotels & Resorts has announced that it has opened two new franchised hotels, one in Lloydminster and the other in Regina. There are 17 hotels managed or licensed by the company with several new hotel projects in various stages of development. The Royal Hotel Group will operate the franchises. “Given the long-standing history of the Executive brand in Canada, we are confident our loyal corporate and leisure customers will frequent the new Regina and Lloydminster hotels and be very happy with these new locations,” said Salim Sayani, CEO of Executive Hotels & Resorts. Earlier this year, two other new Executive Hotel locations opened: the Executive Hotel Le Soleil Vancouver and Executive Mountain Side Hotel Whistler. Most of the company’s properties are in Canada, although it operates one hotel in San Francisco and another in Seattle.
Milestones moves into Winnipeg
O
ntario-based Cara Operations is bringing a Milestones Grill and Bar restaurant to Manitoba. The casual-dining concept, with nearly 50
restaurants in Canada, will be introduced to the province in downtown Winnipeg. The outlet is expected to open in 18 to 24 months. The company was negotiating last month to open on Portage Avenue at the Centrepoint development. A local magazine ad showed the Milestones Grill and Bar name on the side of the highrise development, a project of Longboat Development Corp., Artis Real Estate Investment Trust and leasing agent Cushman Wakefield. A Milestones franchise requires a total investment of from $2.5 million to $3.4 million, including a franchise fee of $60,000. Estimated startup capital required is in the $1 million range.
Dark Table diners eat in the dark
D
ark Table has opened in Vancouver’s Kitsilano area as the third dining spot from Moe Alameddine and his company, O Noir, where people eat in a totally blacked-out room. The 75-seat establishment has taken over the space formerly occupied by Quattro on West Fourth Avenue. Alameddine opened his first blind-dining restaurant, O Noir, in Montreal in 2006. Guests to his restaurants make their food choices in a lighted area from a menu, described by the restaurant owner as “fusion Mediterranean.” Customers are led by blind servers to their seats in a totally dark room.
T
he Quebec-based Cora breakfast and lunch restaurant chain is coming to Saskatchewan, with its first location opening later this month (November) in Saskatoon as it expands westward. The Cora outlet in Saskatoon is part of a new retail centre at Preston Crossing. Cora is also looking at potential sites in Regina, where it has someone ready to sign a franchise agreement according to director of franchise development Candace Cora chain opening in Saskatoon. McAllister. The Saskatoon location is a typical Cora size: 3,400 square feet with 142 seats. The franchisees are cousins David Ukrainetz, who has worked for years at his family’s Dairy Queen, and Brianna Ider, who is just out of university. “It’s a great time in Saskatchewan right now,” commented McAllister. With its growing prosperity, Saskatchewan is becoming one of the places to move to, noted David Polny, executive vice-president of the Cora Franchise Group. He added that the province is also receiving some spin-off from the booming economy in Alberta. Also in November, the Cora chain will open an outlet in Lethbridge, Alberta. And in December, a new Cora restaurant is scheduled to open in Victoria, B.C. Currently there are 128 Cora restaurants operating across Canada. With the opening in Saskatoon there will be Coras in all 10 provinces. A Cora franchise requires a total investment of approximately $300,000, including an initial franchise fee of $40,000. There is a royalty fee and an advertising fee. Photo: Cora
News, views and updates on Canada’s franchise industry
Cora chain links into Saskatoon, eyes Regina
Foreign food workers recruited to Alberta
Foodservices Industry (Pilot Project). However, at the end of August, people running the Alberta Immigrant Nominee Program (AINP) decided that nominations would continue while the program is being evaluated, even though the 600 nominations had been received as of July. The AINP started the project, in consultalberta will allow more semi-skilled foreign foodservice workers in the prov- tion with the Canadian Restaurant and ince than originally planned under a pilot Foodservices Association, to address a labour shortage in Alberta’s foodservice project aimed to give newcomers a better industry. chance of becoming landed immigrants. There are an estimated 64,000 temporary Originally the maximum number of nomiforeign workers in the province, according nations was set at 600 under the Alberta to the AINP.u Immigrant Nominee Program Semi-Skilled
A
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