Western Investor June 2011 Section B

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www.naicalgary.com INVESTMENT SALE Foothills Industrial Calgary 9% Cap Rate - 63,000 sq. ft. - 2.6 acres - 10 year term Daniel Goldstrom Tel: (403) 809-8326 dgoldstrom@naicalgary.com

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

Daniel Goldstrom Tel: (403) 809-8326 dgoldstrom@naicalgary.com

BUSINESSES FOR SALE FLOOR COVERINGS - CALGARY AREA Established more than 20+ years. Stable staff, long term customers. 2010 Revenue over $5M. EBITDA $460K (2010). $1,375,000 with normalized working cap. HVAC MANUFACTURER - ALBERTA 2011 revenue est. $4.2M and profitable. Custom air handling manufacturer. In business over 20 years. Direct and indirect fired air. $2.4M Vendor loan considered. PAVING BUSINESS - PRINCE GEORGE 2010 revenue $1.1M (up 20%). 2011 busier. 2010 EBITDA $236K after owner wage. Batch Plant and 2 gravel pits - lots of equipment. $829,000 plus working capital. For a List of All Businesses Call: Craig Tennock Tel: 1-877-880-7290 craig@naicommercial.ca GRANITE & CABINET BUSINESS • Turn Key Operation • Showrooms, Office and Shop • Fixtures & Equipment • Located in major city in western Canada • Land and Building may be available Jim Courtney Tel: (403) 291-8873 jcourtney@naicalgary.com FOR SALE - LAND & BUILDING 3405 - 32nd Avenue NE, Calgary, AB • Site: 1.21 +/- acres • Building: 14,900 +/- sq. ft. Offers Showroom, Offices, Shop and Warehouse, Large Fenced Paved Yard - $2,800,000 Jim Courtney Tel: (403) 291-8873 jcourtney@naicalgary.com

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

Wing Tang Tel: (403) 291-8872 wtang@naicalgary.com

FOR SALE - 17,600 sf in Calgary: retail/apartment building - Fully Leased - 7,000 sf in Calgary: retail/industrial building - Fully Leased - Development Opportunity - Okotoks - 16,000 sf - 2 Acre Multi Residential Site - Calgary Region - Foreclosure - 8,000 sf High Density Dev. Site - Calgary Core - Foreclosure Shane Olin Tel: (403) 708-9086 solin@naicalgary.com

Deb Wallace Tel: (403) 291-8862 dwallace@naicalgary.com

INVESTMENT LAND FOR SALE • Located in an established commercial area, 6 km west of Calgary • Ideal for owner/user • 2.53 acres of development land; last parcel in Cell Subdivision B • Excellent access to trans Canada Highway Shane Olin Tel: (403) 708-9086 solin@naicalgary.com

Deb Wallace Tel: (403) 291-8862 dwallace@naicalgary.com

OWN YOUR OWN MOTEL Excellent Opportunity to Manage your way to Ownership. This is a serious opportunity located in the Kootenays, BC. Newer motel of 48 rooms with potential for expansion. Popular brand (flag), Pool and pool amenities. **Price is under $5 million and... **OWNER WILL FINANCE** LIVE AND WORK IN YOUR OWN BUSINESS FOR THE PRICE OF A DECENT CALGARY HOUSE! $550,000 - $750,000 can get you into the motel business. Small Town Southern Alberta. Live and work on premises with a great income. These are very nice properties! Contact: Jim Balfour Tel: (403) 291-8860 jbalfour@naicalgary.com

Contact: Tim Anderson Tel: (403) 291-8866 tanderson@naicalgary.com timjn_anderson@yahoo.ca

▲

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

FOR SALE/LEASE• 1499 - 17 Avenue SW Calgary Size - 2,444 sq. ft. Asking Price - $1,000,000. Lease Rate - $26.00 p.s.f.

19 OLDS MAKES NEWS WITH DOWNTOWN MAKEOVER Realtor and booster Hugh Bodmer on Olds’ revitalized core: “We’re seeing a lot of new people”dt

5 CAPITAL OF THE NEW NORTH

Prince George is a lot smarter and richer than most investors believe 13 LAKEFRONT COTTAGE $199K

Photo: Judy Gray

FOR SALE/LEASE 97 Prairie Place SE, Calgary Size - 4.7 Acres Asking Price - $1,699,000 Zoning - Light Industrial

$4.29 JUNE 2011 Vol. 26/Issue 6

Okanagan resorts slash prices as downturn exposes glutted market SPECIAL SECTION • B13

HOT PROPERTIES

R E C R E A T I O N A L R E A L E S T A T EE

PUBLICATIONS MAIL AGREEMENT 40069240 RETURN UNDELIVERABLE CANADIAN ADDRESSES TO CIRCULATION DEPARTMENT: 102 EAST 4TH AVENUE, VANCOUVER, B.C. V5T 1G2

Calgary Office

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#1, 6204 - 6A Street SE, Calgary, AB T2H 2B7 • Phone: (403) 214-2344 FAX: (403) 214-0244 BUILT ON THE POWER OF OUR NETWORK. OVER 355 OFFICES WORLDWIDE.

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

www.westerninvestor.com JUNE 2011WESTERN INVESTOR

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

www.colliers.com/kelowna

LAND OPPORTUNITIES Tower Ranch ACRES ZONING IN PLACE FOR UNITS ,IST 0RICE $22,500,000 M. McAnerney* / C. Biafore Gellatly Bay ACRE SEMI WATERFRONT MULTI FAMILY DEVELOPMENT SITE WITH /KANAGAN ,AKE VIEWS LOCATED ACROSS FROM 7ESTBANK 9ACHT #LUB ,IST 0RICE $4,500,000 M. McAnerney* / J. Hudson* Eichhorst Ranch ACRES TOTAL IN !,2 TITLES ACTIVE ROCK QUARRY PERMIT ZONED !,2 ,( LARGE LOT HOLDINGS LOCATED ON "LACK -OUNTAIN +ELOWNA ,IST 0RICE $12,000,000. M. McAnerney* / Chad Biafore Peachland ACRES ON (WY ZONED # AND SUPPORTS GAS STATION RESTAURANTS AND MORE ,IST 0RICE $699,000 UNDER PSF COURT ORDERED SALE M. McAnerney*

JEFF HUDSON* (Personal Real Estate Corp ) MARSHALL MCANERNEY* ( Personal Real Estate Corp) CHAD BIAFORE, BBA

ORCHARD MOBILE HOME PARK

1370 LAWRENCE AVE, KELOWNA

s &ORMER "UDDHIST 4EMPLE SITUATED ON ACRES s #ITY SUPPORTS 2- RE ZONING s !PPROX SQ FT BUILDING ON TWO LEVELS List Price: $1,100,000 JACK SHABBITS

s PADS AND 26 SITES s ,OCATED KMS FROM $OWNTOWN +AMLOOPS List Price: $9,500,000 (Asset Sale) or $9,270,000 (Share Sale) JEFF HUDSON (Personal Real Estate Corp ) MARSHALL MCANERNEY ( Personal Real Estate Corp)

NAKUSP HOTSPRINGS & RV CAMPGROUND

131 ELLIS STREET, PENTICTON

s -AGNIFICENT NATURAL SITE FOR A HOTEL 26 RESORT OR %CO !DVENTURE 4OURISM s ACRES OF RARE AND UNIQUE NATURAL ASSET Call broker for pricing MIKE GEDDES

s SQUARE FOOT h3ANTA &Ev STYLE BUILD ING ON A PRIME CORNER LOCATION IN DOWN TOWN 0ENTICTON 0OTENTIAL TO PURCHASE EXISTING AUTO BUSINESS List Price: $769,000 MEGHAN O’MARA, DipIT of Real Estate

996 LAVAL CRESCENT, KAMLOOPS

INDUSTRIAL STRATA - KELOWNA

s /VER SQ FT OF REFRIGERATED WARE HOUSE LONG TERM TENANTS s &/2 ,%!3% SF AND SF CEILINGS OFFICE AREA AND LOADING DOCK PSF ... List Price: $1,895,000 LARRY GOOD ( Kamloops)

COMMERCIAL LOTS - MERRITT s ACRES ACRE :ONED # LARRY GOOD ( Kamloops)

s SF WITH SF MEZZANINE OFFICE SPACE BAY DOORS HIGH CEILINGS 3ELLER WILL CONSIDER LEASEBACK OR SALE OF BUSINESS AND ASSETS List Price: $1,080,556 MARSHALL MCANERNEY ( Personal Real Estate Corp) CHAD BIAFORE

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

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201-1449 St . Paul St., Kelowna, B.C. V1Y 2E5 Syd Berisoff Larry Berisoff Wes McInnes 201-1449 St . Paul St., Kelowna, B.C. V1Y 2E5

O f fice: Fax:

250-862-8100 250-984-0803

Syd Berisoff Agent/Broker

AssociateÊBroker

Larry Berisoff SalesÊAssociate

Associate Broker Agent/Broker email@syberrealty.com wes@syberrealty.com syd@syberrealty.com

email@syberrealty.com To view photos on these and other opportunities visit our website www.syberrealty.com To view photos on these and other opportunities visit our website www.syberrealty.com syd@syberrealty.com

REVELSTOKE s /N THE DOORSTEP OF NATIONAL PARKS MAJESTIC WATERWAYS MASSIVE WILDERNESS ESCAPES AND UNPARALLED SNOW MACHINE EXPLORATION ALONG WITH SOME OF THE WORLD S BEST DOWNHILL SKIING

BOWRON LAKE s &ABULOUS 7ORLD RENOWN "ECKER S ,ODGE s 3ITUATED ON "OWRON ,AKE AND ADJOINS THE PROVINCIAL PARK s !BSOLUTELY SPECTACULAR IN DETAIL QUALITY AND SETTING s /VER WATERFRONT ACRES LODGE STORE CABINS 2 6 PARK CANOES +AYAKS $2,200,000 SALT SPRING ISLAND s "EAUTIFUL RESORT SPA WITH ESTABLISHED CLIENT BASE s INDIVIDUAL RENTALS FULLY EQUIPPED SPA COMPLEX WITH TREATMENT ROOMS SAUNA ROOM ETC s .EARLY PRISTINE OCEANFRONT ACRES s :ONED COMMERCIAL ACCOMMODATION s ! RARE OFFERING IN THIS SPECTACULAR SETTING WITH HUGE POTENTIAL s 3OLID TRACK RECORD IN SALES $2,550,000 SLOCAN VALLEY s UNITS ABOUT ACRES OF MINERAL CLAIMS s 6ARIOUS EXPOSED MINERALIZED ZONES s 'OLD VALUES UP TO OZ TON RANGE s 2OAD ACCESS WATER s 3OME GEO TECH GEOLOGY REPORTS $300,000

s ! FOUR STAR RESORT WITH lREPLACE SUITES CABINS AND SUPERIOR DINING PUB FACILITIES s /VER ACRES TO HANDLE EXPANSION REQUIREMENTS s &ULL SERVICE SNOW MACHINE FACILITIES WITH ACCESS TO "OULDER -OUNTAIN s &OR THE DISCRIMINATING BUYER LOOKING FOR A TWO SEASON FACILITY $3,495,000

PENTICTON s /VER mAT CHOICE ACRES STEPS TO NEW ENTERTAINMENT CONVENTION CENTRE S s LEGAL PARCELS LONG TIME FAMILY OWNED RETIRING s #URRENTLY OPERATED AS A UNIT MOTEL s #ITY SUPPORTS (OTEL AND COMMERCIAL RESIDENTIAL MIX s ! CHOICE CENTRAL CITY DEVELOPMENT SITE ONLY BLOCKS AWAY FROM THE LAKE $4,950,000

PRINCETON s .ICELY UPDATED UNIT MOTEL WITH FULL KITCHENS s )NDOOR POOL HOT TUB s BDRM LIVING AREA 4OWN CENTRE LOCATION s #ONCRETE CLOCK BUILDING #OMPLETE WITH NEW STUCCO &ABULOUS GROSS SALES s 3HORT HOURS SUSHI CAFÏ $1,288,000

RADIUM HOT SPRINGS s UNIT MOTEL IN THIS TOURIST PARADISE s *UST MILE FROM THE HOT SPRINGS AND MINUTES TO THE ST GOLF COURSE AND MINUTES TO THE ND ONE s BDRM BATH LIVING AREA s 4WO OWNERS IN ITS YEARS s 4HIS IS A WELL KEPT WELL RUN OPERATION $1,095,000

TRANS CANADA HIGHWAY s COMMERCIAL mAT ACRES AT MAJOR JUNCTION IN 3ICAMOUS "# s #ITY SEWER WATER 3UPERB EXPOSURE s !SSESSED s -OTIVATED SELLER SAYS h"LOW IT OUTv $399,000

CHRISTINA LAKE s *UST OVER ACRES ON HIGHWAY s SEAT PUB OPERATION SEAT RESTAURANT s %XCELLENT BUILDING WITH COMMERCIAL KITCHEN s 2EDUCED AND MUST BE SOLD 'REAT BUY s #URRENT OWNERS YEARS RETIRING $449,000

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FEATURES 19 0/ 5)& $07&3 0MET JT OFXT BHBJO

On the cover Olds realtor Hugh Bodmer on the refurbished heritage downtown: retailers and commuters are rolling in Photo: Kevin Udahl

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HOT PROPERTIES 3&$3&"5*0/"- 3&"- &45"5&

Central Alberta town redevelops and thrives

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Rail, air and ports link world’s two largest economies

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Bargains abound in perhaps the last season of deals

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Movies – and manufacturing – put town on the radar Download a PDF of all our Regional Roundups online at www.westerninvestor.com

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#/--%2#)!, 02/0%24)%3 ). +%,/7.! !2%! s #100-1553 Harvey Ave., Kelowna, BC V1Y 6G1 LAKE COUNTRY COMMERCIAL & RESIDENTIAL MIXED DEVELOPMENT LAND Hotel, Commercial, and Residential Lands FASHIONABLE DOWNTOWN CORE HIGH TRAFFIC – HIGH DEMAND – GORGEOUS MODERN BUILDING +/- 1,480 square feet. This unit has all the leaseholds in place to bring in your turnkey operation with retail space, reception, ofďŹ ces, overhead loading door and a warehouse area in the rear of the unit. For Lease: $2,343 per month + NNN + HST MLSÂŽ

+/- 3.83 Acres for $4,999,000 + HST +/- 2.67 Acres for $2,999,000 + HST +/- 6.50 Acres for $6,999,000 + HST

SERVICED & READY TO BUILD

DOWNTOWN KELOWNA – COMMERCIAL STRATAS AVAILABLE This is an opportunity to own your own commercial strata unit in the downtown core ranging in sizes from approx. 838 2,194 square feet. One block away from city hall and two from the law courts. Available For Sale: $251,550 - $668,264 MLSŽ

SOLD – CONSOLIDATION COMPLETE 12 LOTS AVAILABLE FOR SALE Property – 6 storey commercial building and a 5 storey mixed use building. Available: $4,999,000 MLSŽ

SMALLER INDUSTRIAL UNIT GREAT LOCATION 872 +/- sq. ft. corner location with visibility from Rutland Road. Zoned Industrial I1. Lots of light, large tinted windows. Exclusive loading door. Easy access to Highway 97N with the airport 10 minutes away. Asking $726.67 per month + NNN + HST MLSÂŽ

IMPROVED OFFICE SPACE – HIGH TRAFFIC – CENTRAL LOCATION 1,429 +/- square feet. Fully improved ofďŹ ce space ready to go. This unit has multiple ofďŹ ces, boardroom, reception area and a three piece washroom. Even the furniture is negotiable! Asking $1,190.33 per month + NNN + HST MLSÂŽ

"CENTRALLY LOCATED" INDUSTRIAL ZONING Industrial strata on Stevens Rd, 1,998 sq ft. 1,500 sq ft on main shop area and 498 sq ft on mezzanine. 12 x 14 overhead loading door. Lease For: $2,081.25 per month + NNN + HST Purchase For: $309,900 + HST MLSÂŽ

FORMER CIBC BRANCH LAND & BUILDING Subject property is located in an area which is increasingly being re-developed into an upscale commercial area. The lands are fee simple with 13 parking spaces on the property. The 6,337 sq ft is broken down with 4,362 sq. ft. on the main oor and 1,975 on the second. Asking: $1,595,000 + HST MLSŽ

B4 Interior B.C./Business Opportunities MOBILE HOME PARK Castlegar, BC

OKANAGAN CATTLE RANCH REDUCED UÊÓ£Ó°ÈÓÊ VÀiÃÊÀ> V Ê V>Ìi`Ê Ê iÀi i Ã]Ê

UÊÊÎÊ > Õv>VÌÕÀi`Ê iÃ]ÊÎÊ >ÞÊL>À Ã]Ê ÀÃiÊ L>À ]Ê«Õ «ÊÃ i`ÊEÊiµÕ « i ÌÊÃ «ÊÜÉÊÃÕ ÌiÊ UÊ7>ÌiÀÊEÊ}À>â }Ê Vi ÃiÊv ÀÊx ÓÊ 1 ° UÊ6i ` ÀÊw > V }Ê>Û> >L i $1,950,000 excl equip & livestock OKANAGAN MEAT SHOP & DELI UÊ£ÓÊÞi>ÀÃÊ ÊLÕÃ iÃÃ]Ê>Ü>À`ÊÜ } UÊ7i Ê>«« Ìi`Ê> `ÊvÕ ÞÊiµÕ ««i` UÊ À ÃÃÊÃ> iÃÊV Ã ÃÌi Ì ÞÊ ÛiÀÊf£ $550,000 inc equipment

$549,900 - 11pads and 7 rental suites - 2.73 acres within city of Castlegar - on municipal water & sewer - includes a 1976 mobile

Castlegar Realty Ltd

250-304-3564

604-691-6646 or 1-866-717-6989

marnie@castlegarrealty.ca

alf@naicommercial.ca

LAKE OKANAGAN RESORT

REVENUE PROPERTY FOR SALE WEST KOOTENAY REGION GENELLE, BC ON THE BANKS OF THE COLUMBIA RIVER

Fully furnished one bedroom suite on Lake Okanagan just minutes from Kelowna. Enjoy the marina, golf, tennis, pool, spa, fitness centre, beach, walking trails, fine dining & other amenities Lake Okanagan has to offer.

Adult mobile home park with 12 pads on 7 flat acres including 1400 sq. ft. home with a separate basement suite and an in-ground swimming pool. Recent updates to park & home. REDUCED ! $1,000,000

Asking $115,000 Call RAY STAFFORD 250-549-0198

For information call Sid or Marianne

Vernon Management Real Estate

To view: http:// joerichproject.com/crockett/

250.693.2436

OKANAGAN – B.C. INTERIOR I N V E S T M E N T

KAMLOOPS, BC & AREA UÊ Clearwater, BC – Mobile Home Park land. 15 acres plus 2.7 acres commercial, fronts on highway. Super buy !ÊÊ $289,000

Marnie Pettit

ALF SANDERSON

www.westerninvestor.com JUNE 2011WESTERN INVESTOR

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

TWO NORTH OKANAGAN SELF STORAGE FACILITIES

UÊ } Ê Ý« ÃÕÀiÊ ÜÞÊ ÇÊ V>Ì UÊ{ÓÇÊ1 ÌÃÊ V Õ` }ÊÇäÊ i>Ìi`Ê1 Ìà UÊ£ÎäÊ³É Ê"ÕÌ` ÀÊ-Ì À>}iÊ-«>Vià UÊÈ°äÓ Ê VÀiÃÊUÊ, Êv ÀÊ Ý«> à UÊ" ÞÊÈÊ9i>ÀÃÊ" `Ê UÊ/ «Ê+Õ> ÌÞÊ-Ì>ÌiÊ vÊÌ iÊ ÀÌÊ >V ÌÞ UÊ-i iÀÊ >ÞÊV>ÀÀÞÊ ÀÌ}>}i UÊ À ÃÃÊfÈÓä]äää³É

UÊ } Ê Ý« ÃÕÀiÊ V>Ì UÊÓxnÊ1 ÌÃÊ« ÕÃÊnäÊ"ÕÌ` ÀÊ-Ì À>}iÊë>Vià UÊÓ°Ç£Ê VÀiÃÊUÊ, Êv ÀÊ Ý«> à UÊ VÀiÌiÊL V ÊV ÃÌÀÕVÌ UÊ > >}iÀ¿ÃÊÀià `i Vi UÊ ° °Ê/ «Ê£äÊ1 >Õ Ê V>Ì UÊ-i iÀÊ >ÞÊV>ÀÀÞÊ ÀÌ}>}i UÊ À ÃÃÊf{ ä]äää³É

Asking Price $6,750,000

Asking Price $4,995,000

COURT ORDERED FORECLOSURE SALE – MOTIVATED SELLER INDUSTRIAL BUILDING – SUMMERLAND

UÊÊÓ°È{Ê VÀiÊ- ÌiÊÊUÊÊÎä]äääÊõ°ÊvÌ°Ê-Ìii Ê À> iÊBÕ ` }Ê Ü Ì ÊÈ{nÊõ°ÊvÌ°Ê vwÊViÊë>ViÊUÊ Õ ÌÊ ÊÓääÇÊÊUÊ*À Vi`Ê Li ÜÊfxäÊ*- ÊUÊÊ< }Ê> ÜÃÊ Õ iÀ ÕÃÊ«iÀ ÌÌi`ÊÕÃiÃ

Asking Price $1,850,000 MOBILE HOME PARK – MERRITT UÊÓäÊ- ÌiÃÊ Êx°nÓÊ>VÀià UÊ ÌÞÊÃiÜiÀÊ> `ÊÜ>ÌiÀ UÊ Ê*>À Ê Ü i`Ê L iÊ ià UÊ* ÕÃÊÎÊÀi Ì> Ê ÕÃiÃÊEÊ£ÊDÕ« iÝ UÊ Ý«> à ʫ Ìi Ì > UÊ Õ> Ê}À ÃÃÊ V iÊf£Èx]äääÊ³É Asking Price $1,595,000

LAND – OSOYOOS 21.8 ACRES – PRIME HOLDING PROPERTY UÊ À iÀÊà ÌiÊ Ê } ÊÌÀ>vwÊV]Ê } ÊiÝ« ÃÕÀiÊ V>Ì ÊÜ Ì Ê ÛiÀÊ£]äääÊvÌ°Ê } Ü>ÞÊÎÊ vÀ Ì>}iÊ« ÕÃÊ£]£ÇxÊvÌ°ÊÃiV `>ÀÞÊÀ >`ÊvÀ Ì>}iÊUÊ/ Ü ÊÃiÜiÀÊEÊÜ>ÌiÀÊ>ÌÊ ÌÊ i UÊ6iÀÞÊV ÃiÊÌ Ê > iÊUÊ V Õ`iÃÊ ÕÃiÊEÊ «iÀ>Ì }Ê ÀV >À` Asking Price $2,400,000 2.13 ACRE DEVELOPMENT SITE UÊ/ ÕÀ ÃÌÊ iÀV > Êâ }ÊUÊ À Ì>}iÊ ÊÎÊÀ >`ÃÊUÊ*À iÊ V>Ì Ê ÞÊÎääÊviiÌÊÌ Ê > i UÊ V Õ`iÃÊÀi Ì> Ê ÕÃiÊUÊAsking Price $695,000

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.

UÊÊKamloops – 4000 sq ft building ½ acre lot, commercial mix. High traffic area Ê Ê $788,000 or lease @ $12.00 triple net UÊÊClearwater, BC – Chinese restaurant land, building, ¼ acre lot, equipment, liquor license, 4 bedroom suite. $289,000 UÊBarriere, BC – 5 unit mini mall plus full basement, hwy frontage, plus vacant lot to expandÊ$399,900

FOR SALE Prince George International Airport 56 Acres At

Ready For Industrial Development UÊÊ V>Ì \Ê À ÌÃÊ Ê } Ü>ÞÊ£ÈÊÊ

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UÊÊLouis Creek, BC – 2.49 acres creekside parcel. 9yr old 1600 sq ft rancher with suite, plus 6 rental pads for park model homes. Most tenants away for winter. Plus extra large 30’ x 50’ detached shop – fits a motor home. Ê $795,000

UÊÊ*iÀviVÌÊv ÀÊÌÀÕV ÃÌ «]Ê> À« ÀÌÊÜ>Ài ÕÃ }]Ê > Õv>VÌÕÀ }]Ê ÀÊ Ìi °

UÊÊChase, BC – Pub liquor store, restaurant on main floor. 14 rooms on 2nd floor which need substantial work reflected in price.ÊÊSuper buy $600,000

UÊÊ-iÀÛ ViÃÊ>ÌÊÌ iÊ«À «iÀÌÞÊ iÊ ÊÊ ÕÞÊÌ iÊÊ>Ài>ÊÞ ÕÊ ii`Ê ÀÊÌ iÊÊ Ü iÊ«À «iÀÌÞÊ

UÊÊKamloops– New office retail building to be built. 3414 sq ft ideal professional office in busy residential sub div. $2668 plus triple net lease

UÊAsking: $49,000 per acre

UÊÊClearwater, BC – Former school 11,000 sq fit with full gym 22 ft ceilings, make great church, school hall or? All on 6 acres. $399,000 ÊUÊÊKamloops – INVESTORS – 8% Cap rate restaurant. Fronting E Trans Canada Hwy. Leased out. $8,000/mo triple net. $1,200,000 UÊÊKamloops – Busy city centre 180-seat restaurant. Owner wants to retire. $500,000 for business or $1,700,000 for business, building & land

Residential/Industrial ÊÊUÊAsking: $488,888

PETER ZEBROFF

COMMERCIAL CONSULTANT

604-202-0424

Call MARVIN MATT

1-250-374-3022 ""*-Ê, /9Ê / °

Also Available 80 Acres

peterzebroff@gmail.com

mmatt@shaw.ca

www.realestatekamloops.ca

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www.zebroff.com

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TRADES CONSIDERED ON SELECT PROPERTIES FAMILY ESTATE, CORPORATE RETREAT OR SPA/WELLNESS DESTINATION UÊÊ" Ê " Ê Ê Ê qÊ Ê / Ê , -/Ê *, 6 / Ê WATERFRONT *,"* ,/9Ê" Ê Ê ° Easily adapted to your dream! Two titles. 2.54 ultra private acres with 254’ easy-swimming lakeshore. No through road adjacent to Kalamalka Provincial Park. Designed by Vancouver Architect, Peter Frank Tofin, to take full advantage of the lakeviews with numerous open and comfortable livings spaces, 7 bedrooms with private baths PLUS a stratified two bedroom suite. Fabulous grounds with spectacular rock escarpment, meadow, mature trees and pristine lakeshore, enhanced with terraced lawns, lighted pathways, sittings areas, waterfront dock and wharf! This Kalamalka gem is barely 10 minutes from downtown Vernon and 30 minutes from the Kelowna international airport. $4,900,000 MLS® UÊÊ" Ê Ê Ê / Ê" Ê - ", Ê -/ / t Just imagine - your private piece of paradise - 22.5 untouched acres with 1750 ft of pristine Okanagan Lake waterfront! Exhilarating views! Several excellent building sites The best of the Okanagan - barely 15 minutes from the City of Vernon $4,900,000 MLS® " Ê, UÊÊÈn£Ê , Ê, Ê­",Ê*"/ / Ê 6 "* /® 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 with some stunning Kalamalka Lake views. 180 acres out of ALR. $6,495,000 MLS® NURSERY UÊÊ Ê ,/Ê" Ê " -/, Ê6 9t Turn key operation! Steady Growth! Equipment, automated greenhouse, vehicles, comfortable home with suite, office. 20 prime irrigated acres w/ set up for horses. $1,600,000 MLS® COMMERCIAL UÊ{°ÈÓÊ , -Ê Ê 1 Industrial land. 40,000 sq.ft. in two bldgs. 3 phase power. I2 zoning. Railway Trackage. Currently operates as small sawmill & wood remanufacturing plant. 10 mins from Vernon adjacent to ready supply of dimensional lumber. $2,250,000 MLS® UÊÊ " , Ê 1 Ê/"Ê-/, / 9 Multi-tenant building with stratification process well underway. Good income producing bldg with upside capital appreciation if stratification completed. Easy access in busy northend of City. $2,095,000 MLS® UÊ " " 1 Ê , -! Premium storage with a difference – YOU OWN IT! New GARAGETOWNVERNON complex offers 47 fully customizable storage garages. 20x48, 24x48 with 14 & 16’ overhead doors plus ultra convenient drive through model. Ideal for RVS, boats, collectors,retail and business overflow. Level 3 acre site w/ quick access to all major routes. Deluxe, fully furnished Owners Lounge. Offering preconstruction incentives from $125,900 EXC.

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

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

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

B5

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

REGIONAL ROUNDUP Prince George is smarter, richer and more business savvy than southerners believe

ÂĄ$BQJUBM PG B /FX /PSUI¢ FRANK O’BRIEN WESTERN INVESTOR hen Prince George was named the number 1 city in western North America for cost competitiveness in 2010 it didn’t surprise the managers or investors in this B.C. city that is now riding a resurgence of northern investment yet still has some of the cheapest urban real estate in the province. The city was listed first among 13 U.S. and Canadian cities in the Pacific region in KPMG’s competitive alternatives study, which ranks preferred places to invest.

8

Photos: City of Prince George

Known as the “Capital of a New North,� Prince George is anchored at the crossroads of the world’s two most powerful economies and is the biggest and best-equipped B.C. city between Asia and the Alberta oilfields. Prince George is where the airport has been expanded to land the biggest cargo plans on the planet, from where rail lines and highways radiate to the ports of Prince Rupert, the northern coal fields, new gold mines – and right into the heart of the United States. It is the northern hub for the surprising recovery in B.C.’s forest industry, which is feeding an apparently insatiable demand from China, Korea and Japan for dimensional lumber. It is faster to ship products from Beijing to Chicago through the RupertGeorge corridor than any U.S. entry point. Still, ask any latte drinker in Vancouver, and they will likely scoff at Prince George as a backwater blue-collar town where nothing happens. Prince George may be proud blue-collar, but it is building the kind of economic and educational muscle that should quiet any doubts that it is a city poised to play a huge role in the

kets. For air cargo carriers, Prince George is positioned on the existing flight route between Asia and North America, making it a strong contender for refuelling and technical stops.

ABOVE: The $125 million Cancer Care Clinic is part of a job-geerating major medical services expansion in Prince George. TOP RIGHT: The expanding University of Northern B.C. was named among the top three small universities in Canada this year.

Canadian economy of the 21st century. Consider mining. Since 2005, Prince George has seen a 116 per cent increase in employment related to mining and oil and gas development, with 1,300 new jobs created. The number of resource-linked businesses has nearly doubled. And mining growth has really just started.

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The $917 million Mt. Milligan mine northwest of Prince George is currently under development as the first major mine in B.C. in 15 years. The Dome Mountain mine project is also re-opening, also northwest of the city. Northern B.C., of course, is the centre for B.C. mining, with 10 operating mines, three under development, a dozen proposed projects and 69 major exploration projects underway. Last year nearly $230 million was

spent on northern mining exploration – and Prince George is the centre of most of the action. Important as it is, mining is just part of the widely diversified Prince George economy, according to Tim McEwan, president and CEO of Initiatives Prince George (IPG), a municipally-owned corporation created to encourage development. “ We have the opportunity to be the supply chain route of choice between China and the United States ,� McEwan said. Last year Canadian National Railway put in a transmodal and intermodal facility that is now operating at near full capacity, largely due to the Chinese market. To meet rising demand, IPG’s key partner, thePort of Prince Rupert, has plans to expand the port’s container terminal to two million TEUs, providing Asian shippers a faster route to North American mar-

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Prince George was built on the lumber industry and, after some painful years, forestry is back with a vengeance. Local sawmills are humming, the main pulp mill is running full shifts and a nascent bio-fuels industry – using mostly beetle-kill wood – is shipping wood pellets are far as Europe. The real change is the breakthrough into the Asian market for B.C. dimensional lumber after the U.S. real estate collapse. “The Asian market is enormous,� McEwan said, quickly credited Prince George-Mackenzie MLA Pat Bell now minister of jobs, tourism and innovation, for helping to make stick-frame building popular in China. Last year, Shanghai, a city of 25 million, included wood construction in its building code for the first time. In the U.S., housing starts have fallen more than 50 per cent to the 550,000 unit range annually, but in China one home builder alone started half-a-million homes last year, part of at least eight million homes being built annually in the world’s most populous country, Bell told a meeting of the Truck Loggers Association. “A lot of these are six-storey concrete buildings using framing lumber for various purposes like

Please see Housing starts page B6

*OUFSJPS #SJUJTI $PMVNCJB TALASA VILLAGE CENTRE KAMLOOPS, BC

@6BADDEH Investment Opportunities

PUB / BEER & WINE STORE Pre-Leasing Opportunity UĂŠĂŠxäääĂŠĂƒ¾°ĂŠvĂŒ°ĂŠĂƒÂŤ>ViĂŠvÂœĂ€ĂŠ>ĂŠnäʇ£ääĂŠĂƒi>ĂŒĂŠ*Ă•L UĂŠĂŠ*ÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠLĂ•ÂˆÂ?`Â‡ÂœĂ•ĂŒĂŠÂˆÂ˜yĂ•i˜Vi ASKING PRICE $699,000

UĂŠĂŠ"VVĂ•ÂŤ>˜VÞÊÓä£Ă“ UĂŠĂŠ iÂ˜ĂŒĂ€>Â?Â?ÞÊÂ?ÂœV>ĂŒi`ĂŠÂˆÂ˜ĂŠ>ĂŠ}ÂœÂ?vĂŠĂ€iĂƒÂœĂ€ĂŒÂ‡ĂƒĂŒĂžÂ?i

Investment Opportunity!

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ĂŠ ĂœÂˆĂŒÂ…ĂŠ>ĂŠĂŒÂœĂŒ>Â?ĂŠLĂ•ÂˆÂ?`Â‡ÂœĂ•ĂŒĂŠÂœvĂŠĂ“äääĂŠÂ…ÂœÂ“iĂƒ°

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

"vwVi\ĂŠ250-372-2277 mona@mcmrealestate.ca www.mcmrealestate.ca

ĂœĂœĂœ°/>Â?>Ăƒ> ÂˆĂ›ÂˆÂ˜}°Vœ“

100 Edith Lake Road (For Sale & For Lease) s &ORMERLY USED AS FOOD PROCESSING AND PACKAG ING PLANT BUT WILL SUIT SEVERAL USES PERMITTED UNDER # ZONING s ,OCATED JUST MINUTES FROM +AMLOOPS OFF (IGHWAY s ! TOTAL OF SQ FT AVAILABLE AND MAY BE DIVIDED INTO SMALLER AREAS OF SQ FT IF USE WAS APPROPRIATE s )NCLUDES LOADING DOCKS l NISHED OFl CES UPSTAIRS SQ FT s 3UITABLE FOR FOOD DISTRIBUTION WOOD WORK ING SHOP SPECIALTY RETAIL CLEAN AND SECURE STORAGE SPECIALTY CONSTRUCTION

ASKING PRICE $875,000

773 Victoria Street s 'REAT INVESTMENT OPPORTUNITY s SQ FT ON MAIN m OOR AT GRADE PLUS SQ FT MEZZANINE s 0RIME LOCATION DOWNTOWN AMPLE PARKING ON SQ FT LOT s 6ENDOR DOWNSIZING CAN VACATE ON MONTHS NOTICE

Mona M. Murray Dip. ULE, RI (BC), CPM OfďŹ ce: 250-372-2277

Email: mona@mcmrealestate.ca

www.mcmrealestate.ca

B6 Interior British Columbia

www.westerninvestor.com JUNE 2011WESTERN INVESTOR

HEATHER UNDERWOOD

250-443-4320 250-442-2124 heatheru@coldwellbanker.ca COLDWELL BANKER BORDER COUNTRY

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

SALLY SCALES sallys1@telus.net or 250-832-4831

+PC NBHOFU

McEwan suggests those Vancouver latte drinkers would be wise to get off their butts and head to where jobs are plentiful and where you can buy a substantial house for the same price as a tiny East Vancouver condo. At 5.7 per cent, Prince George has an unemployment rate about 3 per cent lower than the B.C. average, with an above average labour force income. The typical detached house price is around $261,000, up 6 per cent from a year ago and far below the provincial average of nearly $590,000. Said McEwan, who relocated from South Delta: “You can buy twice the house at half the price� compared with anywhere in the Lower Mainland. Prince George real estate values still reflect the 2008-09 recession, but things could change

BERNARD DESCHENES TEL: 250 314 4530 WESTWIN REALTY bernard@kamloopsrealestate.info

It is the Prince George airport that will play an important role as the city matures into a global transportation hub. Work is completing on a new highway link to the airport that will divide a 3,000-acre logistics park aimed at the burgeoning air cargo market. The expanded airport – now with the thirdlargest runway in Canada – can handle 747 cargo planes and already welcomes about 36,000 airline passengers every month. The

Dawson Creek Smithers 16

97

PRINCE GEORGE

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BRITISH COLUMBIA

ALBERTA

16

97

Jasper Williams Lake

Lilloett

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Kamloops

1SJODF (FPSHF # $ Population 88,000 Average house price $261,000 Unemployment rate 5.3 per cent Major employers Government, forestry, mining, transportation

industrial land is being serviced and carved into lots, but McEwan would not put a price tag on the city-owned lands that will be coming to market shortly. Industrial lots across the region are priced from $30,000 to $40,000 per acre, but some with existing buildings are asking $800,000 an acre, so investors have to look closely at locations. The bottom line for McEwan, who presents an honest excitement about the potential o f Prince George, is that the city of 88,0000 will soon need more workers and more services.â—†

OKANAGAN WATERFRONT PROPERTIES

INVESTORS A great opportunity to purchase 7 fully rented 3 bedroom, 2 bathroom townhouses, located in the downtown area close to shopping. This development has had recent upgrades including: new windows, new roof, new fencing. Call L.B. for details. Buyers to receive & read development disclosure. $653,000

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BLUE MOUNTAIN LODGE

a home, business and lifestyle; visitors pay to stay at your place, swim, boat, shop and kick back at picturesque Christina Lake. MLSÂŽ K3900575

floor joists, infill walls, roof trusses and concrete forming,� Bell said. Forestry giant Canfor Corp., which has pulp mills and sawmills in Prince George, reports that 25 per cent of its dimensional lumber will be shipped to China this year, from nearly nothing five years ago. Canfor signed an agreement last year to commit the entire output of one lumber mill for a single client in mainland China. The rebuilding of quake-hit Japan, where wood is both popular and scarce, is another major Asian market for northern lumber.

fast. One clue is that year-to-date housing starts in Prince George are up 127 per cent, compared with a provincewide average increase of 3.8 per cent. Canada Mortgage and Housing Corp. pegged the apartment rental vacancy rate in the northern city at around 7.5 per cent last October, with the average rent for a two-bedroom at $650. These are, respectively, the highest and lowest rates of any second-tier city in the province. Landlords, however, may be enticed to invest in Prince George because of both an influx of resource workers and ongoing expansions of the local University of Northern B.C. (UNBC) and the College of New Caledonia. As well, a job-generating $125 million Cancer Care Clinic is under construction, part of a large regional hospital presence in the city. Based on recent ads in the Western Investor, Prince George apartment buildings are listing in the $60,000 to $70,000 per-suite range, with cap rates north of 7.5 per cent.

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One of a kind huge Kettle Riverfront property. Only 30 minutes to Osoyoos. Approx 1700 ft of shoreline with sandy beaches, swimming & ďŹ shing holes. There is 15 acres of level farmland ready for ground crops, grapes, hay, and 7 acres of park-like riverfront foreshore with huge trees, Oregon grape, walking trails, private beaches and swimming hole. The Kettle River is a great rafting, kayaking and ďŹ shing destination. This would make an excellent group or multi-family purchase, or start your own RV Park. $624,900

Call

Have your own waterfront lot on Osoyoos Lake. 3 Miles South of Osooyos U.S. border. 102’ x 165’. Terraced Lot with sandy beach and safe moorage. Municipal and Irrigation water installed, 200 Amp power panel and state of the art septic system. Owner ďŹ nancing available. 1999 24.5â€? 5th Wheel with power and satellite can be included with reasonable offer. Priced at half the cost of similar property on the Canadian side. Owner will sell 2 1/3 undivided interests for $129,000 each. Cdn $$ at Par. Reduced to $339,000

Waterfront home. Enjoy the lake with family & friends in this beautifully landscaped, easily maintained lakefront home with 115’ frontage for swimming, boating & ďŹ shing. Totally remodeled home with large kitchen, cherry wood cabinets and granite counter tops. 3 large bedrooms, wine room, heated tile  oors, indoor waterfall feature, outdoor shower, full irrigation system, water puriďŹ cation system, lots of storage space, boat dock with lift. This is a unique family home. A must see. Reduced to $1,695,000

BILL ROBERTSON ĂŠUĂŠ 1-877-495-7522ĂŠĂŠUĂŠ cell: 1-866-623-5556ĂŠĂŠUĂŠ email: yrent@telus.net

Okanagan South

COLDWELL BANKER COMMERCIAL WORLDWIDE A MAJOR HYDRO AND OTHER LARGE CONSTRUCTION PROJECTS UNDERWAY IN OUR AREA C-STORE, GAS BAR, LIQUOR STORE, POST OFFICE FIBRE GLASS TANKS, NEW PUMPS

18,000 SQ. FT. DISTRIBUTION OR MANUFACTURING CENTRE

FORMER GROCERY STORE WITH APARTMENT PRIME DOWNTOWN LOCATION $124,900

NICELY LOCATED WITH ADEQUATE PARKING AND FENCED STORAGE AREA $749,000

$799,000

INTERNATIONAL SCHOOL

QUALITY INN 48 ROOMS RESTAURANT AND MEETING ROOMS. STRATEGICALLY LOCATED ON HIGHWAY 3 AT THE ENTRANCE TO THE WEST KOOTENAYS IN CASTLEGAR

CALL US TODAY ON THIS OPPORTUNITY

$2,495,000

POTENTIAL CO GEN PLANT 100 ACRES s ,ARGE )NDUSTRIAL 3ITE s -AJOR 0OWER ,INE s 'AS ,INE s 2AIL ,INE

$750,000 1ST TRAIL REAL ESTATE LTD.

HOTEL, LIQUOR STORE, RESTAURANT $799,000

HOTEL & LIQUOR STORE & RESTAURANT

$1,490,000

COMMERCIAL INDUSTRIAL 1 ACRE LOT FOR SALE $359,000 DISTRIBUTION CENTRE 40,000 SQ. FT. FOR LEASE

(250) 231-5222 ( CELL) www.cbcworldwide.com www.coldwellbankertrail.com (250) 368-5508 ( FA X )

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Interior British Columbia B7

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

WESTBANK, BC

Request for Proposals Development Site for Sale in Kelowna, BC Residence with Acreage & Business Opportunities. Residence on 2.33 acres, well utilized. Large open plan home, new roof & siding, wood fl rs. Newer 40'x50' insulated, heated & wired shop. Large front & back doors, 2 mezzanines, 2 offices, back up power gen. Room to park, flat lot. MLS ®10024872 $699,900

The Board of Education of School District No. 23 (Central Okanagan) invites proposals to acquire a 4 acre site at the southeast corner of Baron Road and Dilworth Drive in the Highway 97 commercial corridor in Kelowna, BC. The site is adjacent to Orchard Park Shopping Centre. The site has significant urban development potential. It is in an area in which retail, high density mixed use, and high density residential development are occurring.

Rock Cracking Business w/out Explosives. therocdoc.com Used on concrete, granite, large rock formations, mining etc. Non toxic, Exclusive rights to North America. Air hammers, bits, Morooka crane + MST1100 dumper compressor. Approx 10 tons of corespan included. MLS®10024891 $125,000 Excavation & Demolition Business Turn key. 15 yrs in operation. On going business with contracts in place for future Work. Approx $250,000 Worth of equipment included (independently appraised) Selling for health reasons. MLS® 10024899 $400,000

Ken Johnson 250-862-6000

A Request for Proposals (RFP) Document is available for downloading online at no charge. The RFP Document provides information about the site and instructions for the submission of Proposals. To download the RFP Document, go to the BC Bid website at www.bcbid.gov.bc.ca and search “browse opportunities by organization” for “School District 23 Central Okanagan”. For more information, contact: Lloyd Pendleton, Purchasing Manager School District No. 23 email: po@sd23.bc.ca “Together We Learn” SCHOOL DISTRICT No. 23 (CENTRAL OKANAGAN)

Proposals are due on 9 Sept 2011 by 2:00pm Pacific Time.

FOR SALE PENTICTON

LUXURY MOUNTAIN TOP HOME ON 2 ACRES BEAUTIFUL VIEWS OF SKAHA AND OKANAGAN LAKE

$1,999,000

PENTICTON

LAKEFRONT PENTHOUSE WITH MOUNTAIN VIEWS AVAILABLE IMMEDIATELY

1 BDRM + DEN: $529,000

PENTICTON

LAKEFRONT PENTHOUSE AMAZING VIEWS OF OKANAGAN LAKE AVAILABLE IMMEDIATELY

2 BDRM + DEN: $1,599,000

OSOYOOS 10 INCOME PRODUCING LAKEFRONT RV LOTS

$1,250,000 + HST Please visit our website or call for more details.

monarkinvestments.ca

604-592-7250

Financing Available. Potential Trades.

kensrealty@hotmail.com

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Q;!250-860-7500! UG;!888-535-6962!!!!!!!!! F;!!kbofAkbofipggnbo/dpn!!!!!!!!

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KELOWNA & OKANAGAN ACREAGES 287 ACRES - Vernon, BC near Predator Ridge Golf Resort. Panoramic lake & valley views! Very private with rolling hills & fl at benches. Seller will consider trades or carry financing. .......................................$4,900,000 MLS® 10019393 160 ACRES - Located between Vernon & Kelowna. Panoramic lake views! Property has Oyama Shale Rock Quarry for pink granite rock. Seller will consider trades & or carry financing. .....................................$1,450,000 MLS® 10024181 15.8 ACRES - Lake Country spectacular lake view property in quiet country setting. Perfect spot to build your dream home! Just a short walk to Okanagan Lake beach and waterfront park. .........................................$699,000 MLS® 10027808 34 ACRES - Tappen BC 10 minutes drive North of Salmon Arm in the beautiful Shuswap close to lakes. Very private, numerous out buildings, small 1100 sq ft home, mature forest. .......$439,000 MLS® 10026775 9.8 ACRES - Kelowna, super private, spectacular valley views! Quad Lock Concrete 4,176 sq ft home with 2 car garage + detached 28 x 42 ft workshop + second 2 bedroom home. ...........$1,190,000 MLS® 10026652

DAVID JUROME 250-862-1888 www.davidjurome.com

LFMPXOB-!C/D/

LIGHT MANUFACTURING AND DISTRIBUTION COMPANY FOR SALE Founded in 1967, this very successful and well known company manufactures and distributes several lines of outdoor productsto residential, commercial and industrial clients. Aside from its own retail operations, the company also supplies a growing national network of 16 dealers. Having established itself as a market leader, and having established strategic business alliances, the company is well positioned for further rapid growth. Our production facility is based in the Beautiful Okanagan Valley of British Columbia.We have a staff of 11 to 14 well-trained dedicated employees, that ensure the quality of our products and the smooth operation of our facility The company provides great returns on investment/cash flow, and unlimited profits with the continued expansion of product lines and dealers. Asking price: $1,450,000 For more information please contact Kevin at: kevinq752@hotmail.com or call 250-826-6040 Confidentiality Agreement Required

B8 Interior British Columbia BUSINESS AND INVESTMENT OPPORTUNITIES UĂŠĂŠ >Ă€}iĂŠ >V…ˆ˜iÉ7iÂ?`ˆ˜}ĂŠ -Â…ÂœÂŤĂŠ – Suitable for investor or owner/operator. Includes land & buildings. fĂ“°Ă“xĂŠ ˆÂ?Â?ˆœ˜ UĂŠĂŠ ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠ iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ >˜` - 130 acres, with highway and railroad access. Reduced to $995,000 UĂŠĂŠ*Ă€ÂˆÂ“iĂŠ œ““iĂ€Vˆ>Â?ĂŠ qĂŠ ÂœĂœÂ˜ĂŒÂœĂœÂ˜ĂŠ >“Â?ÂœÂœÂŤĂƒ Busy corner location. Can be leased for one or several tenants or for sale at f£°{ĂŠ ˆÂ?Â?ˆœ˜ UĂŠĂŠ ÂœÂ?vĂŠ ÂœĂ•Ă€ĂƒiÉ iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ >˜`ÊʇÊ Â˜ĂŠ i>Ă•ĂŒÂˆvĂ•Â?ĂŠ ĂŠ Interior – 162 Acres – Deluxe Residence – Club House etc. Offers toĂŠfĂŽ°Ă“xĂŠ ˆÂ?Â?ˆœ˜

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

Prime Waterfront South Okanagan

7

ACRES

LAKEFRONT

Full municipal services Adjacent to a golf course with 450 condo units and a hotel currently under development $280,000 annual income Hold for investment or develop to your plans on your schedule $ 4,350,000 E-Mail: lkirsch@shaw.ca

www.westerninvestor.com JUNE 2011WESTERN INVESTOR

Prince George HWY 16 W College Heights Motel UĂŠĂŠĂŽ°ĂŽnĂŠ VĂ€iĂƒĂŠ*Ă€ÂˆÂ“iĂŠ ĂœĂžĂŠ Ă?ÂŤÂœĂƒĂ•Ă€i UĂŠĂŠ ÂˆĂŒĂžĂŠÂœÂŤiÂ˜ĂŠĂŒÂœĂŠ`iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠ ÂŤĂ€ÂœÂŤÂœĂƒ>Â?Ăƒ UĂŠ*Ă€ÂœwĂŒ>LÂ?iĂŠĂƒÂ“>Â?Â?ĂŠÂ“ÂœĂŒiÂ? $1,150,000 Rolf van Driesum Team Powerhouse Realty 250-613-8777 rolf@telus.net

BUSINESS LOANS & MORTGAGES

Taylor Capital Inc. Proudly arranging financing for B.C. businesses since 1998

COURT ORDERED SALE:

Merganser Bay Resort at Sugar Lake

Waterfront resort with 47 remaining of 67 recreational properties. A lodge w/4 rental suites & caretakers residence. 5.98 acres of land plus 2.5 acres for future marina. Zoned C5 Recreational Commercial. A unique development opportunity for continued rental income and resale of lots, as undivided interests. 22 cabin lots, 33 RV lots, 11 Park Model lots and one lot for the main lodge and common areas. Recently serviced lots with an elaborate on-site sewage system. Attractive terms available. Asking $2,950,000 subject to court approval. MLS 10027799

For Information, contact

UĂŠĂŠ"ÂŤiĂ€>ĂŒÂˆÂ˜}ĂŠLĂ•ĂƒÂˆÂ˜iĂƒĂƒiĂƒĂŠÂ‡ĂŠÂœÂŤiĂ€>ĂŒÂˆÂ˜}ĂŠÂ?Âœ>Â˜ĂƒĂ‰Â?i>ĂƒiĂƒĂ‰ ĂŒiÀ“ÊÂ?Âœ>Â˜Ăƒ UĂŠĂŠ Ă•ĂƒÂˆÂ˜iĂƒĂƒĂŠ Ă?ÂŤ>Â˜ĂƒÂˆÂœÂ˜ĂŠÂ‡ĂŠÂ“iââ>˜ˆ˜iÉ}Ă€ÂœĂœĂŒÂ…ĂŠV>ÂŤÂˆĂŒ>Â? UĂŠĂŠ ÂœĂŒiÂ?ĂƒĂŠEĂŠ ÂœĂŒiÂ?ĂƒĂŠÂ‡ĂŠÂ?œ˜}ĂŠĂŒiĂ€Â“ĂŠÂ“ÂœĂ€ĂŒ}>}iĂŠvˆ˜>˜Vˆ˜} UĂŠĂŠ Ă•Â?ĂŒÂˆĂŠ >“ˆÂ?ÞʇʍÕÀVÂ…>ĂƒiĂŠEĂŠVÂœÂ˜ĂƒĂŒĂ€Ă•VĂŒÂˆÂœÂ˜ĂŠvˆ˜>˜Vˆ˜} UĂŠĂŠ œ““iĂ€Vˆ>Â?ĂŠEĂŠ ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ʇʍÕÀVÂ…>ĂƒiĂŠEĂŠVÂœÂ˜ĂƒĂŒĂ€Ă•V‡ ĂŒÂˆÂœÂ˜ĂŠvˆ˜>˜Vˆ˜} UĂŠĂŠ Ă•ĂƒÂˆÂ˜iĂƒĂƒĂŠ*Â?>Â˜ĂƒĂŠÂ‡ĂŠÂ˜iĂœĂŠEĂŠiĂ?ÂˆĂƒĂŒÂˆÂ˜}ĂŠLĂ•ĂƒÂˆÂ˜iĂƒĂƒiĂƒ

JOE UNGARO 250 317-1819 joeungaro@shaw.ca

TERRY ALBRECHT 250 862-6554 terryalbrecht@shaw.ca www.RealEstateKelownaBC.com

A no obligation assessment is just a call away.

R.N. (Ron) Palmer CIM, AMP Phone (250) 446-2868 Email: rpalmer@lincsat.com www.ronaldpalmer.com

KELOWNA – UNGARO ALBRECHT

U-VIN WINE ON PREMISES

APARTMENT BLOCK: 39 Suites in Vernon Lots of updates incl. newer roof & total elevator overhaul. NOI approximately $153,000, Asking $2,450,000 Cap Rate 6.25%. Exclusive listing. 18 HOLE EXECUTIVE GOLF COURSE, KELOWNA 50 acres, clubhouse/bar/convention facilities. Exclusive. COURT ORDERED SALE: 9.4 ACRE Commercial Property – Penticton RV Park on portion, multi zoning. Asking $7.5 million. MLSŽ 9226439 Income Producing Property, HWY 97 Income $395k plus residual development land. Asking $8,900,000 MLSŽ 10025786 LAND LAND LAND: s !CRE 2ESIDENTIAL $EVELOPMENT Kelowna Asking $3,499,000 MLSŽ # 10017919 s !CRE (IGHWAY #OMMERCIAL ./) ON PARTIAL SITE PLUS acres vacant. Asking $8.9 million MLSŽ 1007758 s !CRES !,2 n 4ITLES Near Mission Greenway $7.9 Million MLSŽ # 10017758 s !CRES BY 5"# /KANAGAN (UGE UPSIDE POTENTIAL FOR )#) AND RESIDENTIAL ADJOINING 5"# !SKING million MLSŽ # 10012018 s !CRES NEAR /RCHARD 0ARK -ALL 4WO TITLES AND ACRES HOMES ALR Asking $2,950,000 for both ($850k M EXCLUSIVE

For Information, contact

JOE UNGARO 250 317-1819 joeungaro@shaw.ca

GARNET PROFIT 250 870-2391 gproďŹ t@shaw.ca WWW 2EAL%STATE+ELOWNA"# COM

Royal LePage +%,/7.! n 5.'!2/ !,"2%#(4

LAND AND PROJECT FOR SALE “The HEALTH CENTER at 10th and 10th� A NEW MIXED USE BUILDING

in SALMON ARM, BC

FOR SALE Located in the Okanagan Owners will stay to help with transition

24,000 square feet of Lab, Office and Clinic space Plus ‌10 Deluxe Condos on the Third  oor (Some with Lakeview) Secure Underground parking, Geothermal Heating and Cooling, Concrete Building, Sprinkler System and Rooftop gardens with walking path and social areas. Across from the new Save-on-Foods in the Piccadilly Mall. Zoning and Development Permit in Place

Assets or share sale

Call GARY ARSENAULT 250-833-5855

Well established

Proforma available to qualiďŹ ed purchasers

Enquire at:

uvin@shaw.ca

www.healthcenterattenth.com

Another project of LST Ventures LTD., Developers of “The Village at 10th and 10th�

Links for Salmon Arm: www.salmonarm.ca ĂŠUĂŠĂŠĂƒÂ…Ă•ĂƒĂœ>ÂŤLĂ•ĂƒÂˆÂ˜iĂƒĂƒ°VÂœÂ“ĂŠUĂŠĂœĂœĂœ°Ăƒ>VÂ…>“LiĂ€°LV°V> Salmon Arm Economic Development Society: www.saeds.ca

Interior British Columbia B9

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

Each office is independently owned and operated.

NORTHERN BC Booming Fort St John

OSOYOOS

MOTEL & PUB VALEMOUNT, BC

DEVELOPMENT SITE

Well established Motel, combined with adjacent neighbourhood pub/restaurant. Plus: fully built liquor store with license.

Vernon

Excellent Commercial Building FOR SALE High profi le location along 100th Ave and 98th. 3 level building - 95% leased out. Lots of walk in traffi c. Two anchor tenants providing professional services. New extensive renovations including 50 year hardi plank. MLS® N4504567 $2,500,000

Presently a campground and waterslide. Hotel / Motel zoning with multi family development potential. Semi-waterfront with spectacular views. 3.2 acres $2,995,000

For Sale Multi-Family (Commercial) 4545 South Access Rd

Solid performing businesses with huge upside. Revenues averaging over $1M in sales for past 5 years – PLUS liquor store potential. All businesses are updated, in good operating condition and well maintained. $3,900,000

JIM MCKILLOP 250-308-2606

RETAIL/APARTMENT

www.mckillopassociates.co

IDABEL LAKE: MLS® 10025851 $989,000 Near Big White turn off. LAKEFRONT; 30mins south of Kelowna BC. Land sits between the lake and the Crown Land. 61 acres that could be subdivided into Recreational parcels with many view spots of the lake. Great Investment.

VERNON

B@IB IF9<I><

($),'$+0+$///(

An amazing investor package. A turnkey portfolio. Consists of 3 separate buildings. The Red Roof Suites - 14-one bedroom units, 4-one bedroom suites & 4-two bedroom units. The Bracemore - 14two bedrooms. The Swiss Alpine - 9-two bedroom 2 story townhouses with full basements. operating at an 11% plus cap and have had extensive upgrades. MLS® N4504667 $2,750,000

jekroberge@shaw.ca ORCHARD COUNTRY nnn%_fd\kfnejg\Z`Xc`jk%Zfd

Main Street Location. Rented to 2 retail outlets. Large 2 bdrm suite (1,400 sf) Bsmt storage & Access to lane. Recent roof (3yrs). Great Potential here! $349,000

SUMMERLAND Land/Concrete Building/Great Revenue $2,800/mth rental income

ALLAN TAYLOR RE/MAX REALTY SOLUTIONS

1-250-498-9886 1.866.495.7441 www.allantaylor.ca allantaylor@remax.net

Business Owners - Multi Use Opportunity - 10241 Alder Rd

Restaurant & deluxe 2 bdrm upstairs suite. Operate Restaurant or lease to the established tenant. $495,000 MLS 109153

10 Acre Prize Property + 2 Residences

Attention SHUSWAP LAKE: #31 1134 PINE GROVE RD, SCOTCH CREEK BC MLS® 10025266 $449,000 Huge SANDY beach on the sunny north shores of Shuswap Lake. This complex has a lot to offer including large dock, hot tub, family friendly pool, great walking or bike trails, next to provincial park & easy access to town amenities.

Need to expand opporations, obtaining a second location or hold a good long term investment this property. This fi ts all three. Located on Alder Cres just off the Alaska Highway. 3,200 sf shop with a one acre fenced yard. MLS® N4504716 $489,900

TREVOR BOLIN

COMMERCIAL

CLIFF WENGER

cliff@fivestarrealestateteam.com www.fivestarrealestateteam.com

Land, building, lease incomes and a well established business.

call Gary Takahashi toll-free: 1-800-661-6988 direct: (604) 608-5111 or fax: (604) 669-2154

RE/MAX Action Realty Fort St John

gtakahashi@westerninvestor.com

Downtown Summerland across from schools. $629,000 MLS 113650

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OKANAGAN OPPORTUNITIES Acreages

Investment Properties

Court Ordered Sales

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RE/MAX Vernon

250-309-0289

Bus Depot

REACH QUALIFIED BUYERS FOR YOUR LISTINGS

Tel: 250-787-8738 (TREV) trevor@trevorbolin.com www.trevorbolin.com

20TH ST. VERNON, BC: MLS® 10007968 $4,750,000. Prime Development Land. HOT NEW NORTH END SHOPPING AREA. Your development idea’s considered

Agents:

Bring your ideas!! Nursery? Riding Academy? Close to town. $1,395,000 MLS 100715

Tim Down ]Ê*°Ê ««]Ê ]Ê, ­ ®]Ê "Professionalism You Can Trust"

UÊÊxÓÓxÊ } Ü>ÞÊ ÇÊ ]Ê i Ü >Ê ÊÎÊ>VÀiÃÊÜ Ì Ê {È Ê viiÌÊ vÊ vÀ Ì>}i]Ê ,Ê > `Ê i>ÀÊ i Ü >Ê ÌiÀ >Ì > Ê À« ÀÌÊ> `Ê1 " UÊÊx {{]Ê x {nÊ EÊ x ÈnÊ } Ü>ÞÊ ÇÊ -]Ê *i>V > `Ê Ê Î°äÇÊ >VÀiÃÊ vÊ «À iÊ } Ü>ÞÊ `iÛi « i ÌÊ > `Ê >VÀ ÃÃÊ vÀ Ê " > >}> Ê > i

Cell: 250-864-9140 Toll: 1-800-367-3339 tim@timdown.ca www.timdown.ca RE/MAX Kelowna Westside

Each office is independently owned and operated.

B10 Interior/Northern British Columbia GREAT BUSINESS OPPORTUNITY @ CHRISTINA LAKE BC! s 2%3/24 BDRM %XEC (OME s $ELUXE #ONDOS s #AMPGROUND 26 S 0OOL "EACH s 'REAT LIFESTYLE FUN BUSINESS IDEAL FAMILY SEMI RETIREMENT OPERATION

Sicamous, BC

Multi-Unit Residential

TO VIEW www.totemmotel.bc.ca ROD’S RETIRING!

10 Unit Residential Townhouse Property. Gross revenue of $88,800/yr. Annual expenses: taxes $5,080, water/sewer $4,000, insurance $950. Reduced to $849,000 (sold in 2007 for $1,000,000). Potential to stratify units for resale.

Only $1,500,000.00 Phone: 250-447-9322

Email tekamar@telus.net or call 1-800-658-2345

www.westerninvestor.com JUNE 2011 WESTERN INVESTOR

JANITORIAL BUSINESS - - FOR SALE - UĂŠĂŠ >“ˆÂ?ĂžĂŠÂœĂœÂ˜i`ĂŠLĂ•ĂƒÂˆÂ˜iĂƒĂƒĂŠvÂœĂ€ĂŠÂŁĂ‡ÂłĂŠ Ăži>Ă€ĂƒĂŠĂœÂˆĂŒÂ…ĂŠÂ“>Â˜ĂžĂŠÂ?œ˜}ĂŠĂŒÂˆÂ“iĂŠÂ?ÂœĂž>Â?ĂŠ VĂ•ĂƒĂŒÂœÂ“iĂ€Ăƒ SALE INCLUDES:

UĂŠĂŠ/Ă€>ˆÂ?iĂ€]ĂŠĂŽĂŠyÂœÂœĂ€ĂŠÂ“>V…ˆ˜iĂƒ]ĂŠÂœĂŒÂ…iÀÊ iÂľĂ•ÂˆÂŤÂ“iÂ˜ĂŒĂŠ>˜`ĂŠĂƒĂ•ÂŤÂŤÂ?ˆiĂƒ

$65,000.00 No sub-contracting Please contact: 250-490-1340

"55&/5*0/ 3/¤T .FEJDBM 1SPGFTTJPOBMT New Nursing Care Facility UĂŠ Ă€>˜`ĂŠ ÂœĂ€ÂŽĂƒ]ĂŠ

ĂŠ UʙÊ VĂ€iĂƒĂŠ UĂŠ >Â˜ĂŒ>ĂƒĂŒÂˆVĂŠ Ă•ĂƒÂˆÂ˜iĂƒĂƒĂŠ*ÂœĂŒiÂ˜ĂŒÂˆ>Â? UĂŠf£°Â™ĂŠ ˆÂ?Â?ˆœ˜

www.broadacresbc.com

250-443-4233 PRINCE GEORGE Opportunities

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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JULY AD DEADLINE JUNE 13TH Report: Waterfront real estate Buying a golf course Mobile home parks Forest lands: after the beetle Franchise News Recreational Properties Regional Roundups: BC: Kelowna AB: Red Deer Spotlight: Churchill, MB

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AUGUST AD DEADLINE JULY 11TH Report: Prairie Horizons Feature: LEED and Green Finance: take out and construction loans The new MLS system Franchise News Recreational Properties Regional Roundups: BC: Cowichan Valley AB: Spruce Grove SK: Swift Current Spotlight: Steinbach, MB

Waterfront Development Opportunities Perfect location for family fun & investment! Parcel 1 - 55 acres, 3 titles $545,000 approx 1650’ of lakefront, easy access Parcel 2 - 26 acres, 2 titles $365,000 approx 1450’ of lakefront, hwy access Get ready for Summer ‌ Invest in Waterfront

Riverfront Townhouse site $575,000 1.76 acres - approx 263’ of riverfront zoned RM1 - multiple residential preliminary drawings for 13 townhomes Subdividable 7.32 acres $545,000 located along the Nechako River with approx 465’ of waterfront nicely treed, existing driveway & hydro 83.7 Acres within city limits $230,000 near the airport & Ritchie Bros city sewer & water available nearby OCP supports rezoning for res subdivision Highway Exposure - 1/2 acre lot $789,500 near Costco, Winners & Future Shop 3664 sq ft building plus basement zoned M3 - Business Industrial Residential Development Opportunity 13 lots - 1.1 ac located adjacent to Connaught Hill Park - walk to downtown zoned RS2 - single detached housing Established Business For Sale $325,000 entertainment rental & event planning extensive equipment list & 2 cube vans over 15 years name recognition

Elaine Kienzle 250

563-8769

www.elainekienzle.com

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WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

DAWSON

Northern British Columbia B11 NORTHEAST BC REALTY Ltd.

CREEK

Phone 250 785 4115

www.dawsoncreekrealestate.ca

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

“Investing Our Energy In The North�

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

Located at 9912-100 Avenue Fort St John BC V1J 1Y5 F: 250 785 4120 www.NEBCRealty.com

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

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

LAND, BUILDING & BUSINESS FOR SALE - CHETWYND BC Own and operate your own destiny! Located in the retail district of Chetwynd, this well maintained 3200sf+/- building on a 50’x120’ lot is an ideal business/investment opportunity.

#129987 - 1380 SQ FT SHOP/OFFICE SPACE 1380 sq ft shop/office space, 2 main bays 30 x 30 and additional 16 x 30 bay. Each bay has separate entrance washroom, 200 amp electrical and furnace. Paved parking lot, fenced compound and additional lot adjacent is included in the asking price of $255,000.

“Unique Boutique� is a family oriented fashion business.

#129952 - FOR SALE OR LEASE Multi-purpose building, could have 4 separate units. Total of over 12,000 sq ft, upgrades include updated roof and furnaces Asking price is just $397,000 #130029 RETAIL STOREFRONT on 102nd Ave. for sale, 3500 sq. ft on a corner location, paved parking, good visibility can be used for ofďŹ ce, retail, or your own small business. Owner will consider leasing as well $169,000 #130010 - WELDING / MACHINE SHOP for sale Includes 12’ door, 13’ ceilings, 3 phase power, 23o Volt/400 amp service. Gravel yard, 100 sq. ft. ofďŹ ce with shower & bathroom. Fire hydrant, 2 overhead cranes. $260,000

#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, immediate possession available. Asking price of $375,000 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 17.50 sq ft to lease.

#129593: COMMERCIAL BUILDING WITH BEER AND WINE STORE for sale (gross sales of $2,000,000). Great location in Dawson Creek, also 40 apartments, bar/restaurant area and commercial space. Asking $3,500,000. Call for more info. #129257: THE SOUTH PEACE UNITED CHURCH IS FOR SALE. OVER 11,000 SQ. FT. - Sanctuary, hall, kitchen, ofďŹ ces, and support services. Excellent corner location, zoned commercial, very good condition, ready for an ofďŹ ce conversion.

#130083 - Prime location on Alaska Ave. in Dawson Creek - close to all retail and downtown and still on main artery through the City. Total of 17,000 sq. ft. of new space and can be divided into whatever you need. High end restaurant opening soon, lots of parking.

#130090 currently leased located at 1512-97th Ave. Total of 4880 sq ft with 3360 sq ft of ofďŹ ce area and 1520 sg ft shop, 2-14ft doors. Existing lease shows over an 11% return. $425,000 #127545: 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.

L A N D #129635: RESIDENTIAL DEVELOPMENT LANDS, 3 separate parcels 25, 79 and 116 acres. Superb location, the timing is right as we are expecting thousands of new people in the near future. #129877: ONE ACRE OF MULTIPLE RESIDENTIAL LAND suitable for 37 unit apartment or condo complex. Across from the hospital in a prime residential area of Dawson Creek. $179,000 #127836: SUBDIVISION FOR MOBILE HOMES! Total of 39 mobile lots are possible on this 4.6 acres, zoning in place, some services are already in, 3 lots have been subdivided. Call for more info. Asking $300,000

#128755: STRATA LOT. Excellent location for a restaurant or high exposure franchise. Land only services plus paved parking for this 1/2 acre strata lot. Location is between the Pomeroy Hotel and Best Western overlooking the highway. Asking $295,000 #127066: LOCATION, LOCATION, LOCATION 0.74 acres at the intersection of 17 Street and Alaska Highway. Ideal location for strip mall, service station, etc. $295,000 #127441: 80 ACRES OF INDUSTRIAL LAND with highway frontage, railway tracks, water and sewer in the City of Dawson Creek. Asking $31,250 per acre

Business includes; Hardware, display units, steamer, racks & more. (Inventory to be negotiated) MLSÂŽ N4504799 NO DROP INS

ASKING $429,000

Call Ron for information package or to arrange to view

SOREB #130884

Note: CONFIDENTIALITY AGREEMENT MAY BE REQUESTED Prior to release of financial information

Look Here For

Your Next Investment Opportunity MISSION - 7 ACRES - $779,900 REDUCED IMMACULATE equestrian setup on a secluded and serene fertile acreage with access to small waterway for ďŹ shing, relaxing and eagle spotting. Renovated basement entry with beautiful maple kitchen, bay carousel eating area with million dollar mountain view, liv. rm, 3 large bdrms, 2 baths and room for extended family down with 2 bdrms, bath and kitchen.6 stall barn, 3 stall shedrow, 100 x 200 outdoor ring, 30 x 38 workshop, hay producing ďŹ eld plus grass and sand turnouts for horses. The property is fenced and xfenced and groomed to make your transition here effortless. Potential to run bed/bale/breakfast in this great location. You will not ďŹ nd any aws here - call today to view.

ABBOTSFORD - 2.5 ACRES - $699,900 Located in the charming community of Arnold this diverse property will suit no matter what your needs are. All  at and usable and set up to house up to 14 horses, with two barns, turnouts, riding ring all drained and gravel footing. The home is a 7 bedroom basement entry well maintained with large kitchen to open dining and family room area and separate living room with beautiful red brick ďŹ replace (previous owner was a professional mason). Nothing left to do except move everyone in and enjoy. Easy to view - this is priced to sell fast. You will be impressed.

IRON CREEK LODGE - HOT NEW PRICE !!! $638,888 50 Acres – Located at the B.C. Yukon border, on Iron Creek Lake which is stocked by the gov’t with rainbow trout. Facilities overlooking the lake include service station, 2 storey lodge with 50 seat restaurant, full kitchen, living quarters upstairs, 8 room motel, 2 room log cabin, 20 serviced R.V. sites...the list goes on. All buildings and services were installed from 1992 to present with approvals and built to code. Steady clientele with tour buses, car, truck and camping trafďŹ c, ďŹ shermen, hikers, snowmobilers, cross country skiers and local trafďŹ c. Priced to sell. Call for a full information package.

3!,-/. 6!,,%9 2!.#( s 02).#% '%/2'% !#2%3 Located 15 minutes east of Prince George, this fertile and picturesque ranch borders the Salmon River. Large acreages like this located close to major city centers are hard to ďŹ nd. Perfect opportunity to raise any kind of livestock and/or grow crops. Much of the land is already producing and fenced. Priced to sell - don't miss this opportunity to invest in your future. Call for more information.

For Professional, Personal and Prompt Service Call... Karren Winther and Nick Costantino Cell: 604-818-4888 604-857-1100 Cell: 604-818-0233 2% -!8 !LDERCENTER 2EALTY s &RASER (IGHWAY !LDERGROVE "# 1-888-341-1100 s %MAIL kwinther@uniserve.com

m[ij[hd_dl[ijeh$Yec d[mi$WhY^_l[i$h[fehji$kfZWj[i 9edjWYj ki \eh ceh[ _d\ehcWj_ed0 ,&*#,,/#.+&& eh WZl[hj_i[6m[ij[hd_dl[ijeh$Yec

B12 Northern British Columbia

www.westerninvestor.com JUNE 2011WESTERN INVESTOR

FORT. ST. JOHN SHAPE YOURSELF FOR SUCCESS! Turnkey ladies only gym. Everything included to take over “tomorrow�. Appt. Needed, no walk-ins.

$57,900 - MLS# N4504696

INVESTORS ALERT!

10433 - 269 Rd

Burns Lake

7000 sf building offers 1000 sf of ofďŹ ce/reception & 6000 sf of shop space ,4-16’ O/H doors & 1-14’ O/H door, 17’ ceiling, 200 amp service, just under 1 acre of land. $915,000 - MLS# N4504751

For Sale

PRINCE GEORGE

250-692-3530 www.landahome.ca

Currently Leased at $3,000/mo gross. 3200 sq. ft. building with 4 ofďŹ ces, 2 baths + 2 bay shop.

$340,000 - MLS# N4504196

SHOP IN CITY LIMITS! 10215 - Beaver Rd

Commercial Package Prime Location, High Visibility High TrafďŹ c Area 1st Building has two tenants 2nd Building is vacant 3rd Lot is vacant and can be developed. Great Investment Opportunity DENNIS BOCK

10016 - 106th Street

RELOCATE & EXPAND HERE!

BUSINESS OPPORTUNITY

Burns Lake and Area Representative

Excellent tenants, fully renovated building. Showing a 10% Cap Rate

$2,700,000 MLS# N4504630

A RARE FIND!

1244 4th Avenue

FULLY LEASED INVESTMENT PROPERTY! 9948 - 100th ST

#102, 10419 - 100th ST

10.35 Acres, 12,500 sq. ft. l-1 Warehouse, 5-18' overhead doors, 1-10 ton & 2-5 ton crane, 55 x 80 overall ofďŹ ce bldg has 3 ofďŹ ces & 10 x 32 Atco trailer.

2835 square ft shop is heated & insulated, 2 - 12 foot doors. Only a few blocks to Alaska Highway, NO city services. C3 zoning, 0.894 of an acre

$3,200,000 MLS# N4504450

$235,000 - MLS# N4504755

9929 - Swanson Street

KATHY MILLERCURTIS ROBINSON PERSONAL REAL ESTATE CORPORATION

Remax Action Realty 1991 Inc.

kathy@bugkathymiller.com curtis@remaxaction.ca

'DYLG %ODFN

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

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The Power Of Partnership!

— Your PRINCE GEORGE Commercial Professionals — 1550 – 1st Ave.

Westwood Dr.

8% Cap Rate

FOR LEASE – Prime retail & professional ofďŹ ce spaces. High trafďŹ c area, visual exposure, parking and much more. Net Lease.

One of a kind opportunity. 3 concrete block warehouses on 3 Acres. 44,080 sq ft total space. Well maintained with 11 loading doors, 13 O/H doors, 3 Phase Power & highway access.

'Dutch Maid Laundromat'

770 Brunswick St.

Established fully equipped Laundromat. Price includes 32 washer, 33 dryers, tables, chairs, laundry carts, hand baskets, commercial shower & much more.

FOR LEASE – 492 sq ft high-end RETAIL space. Located in Prince George’s premier hotel lobby. Zoned C-5. Gross rate lease.

1921 Upland St.

“Bee Lazee RV Park & Campground�

Exceptional 12 unit apartment building. 9 units fully renovated. Good location, well maintained property. 8% Cap Rate.

www.beelazee.ca

A 49 pad campground, plenty of room for expansion and a modern 2,000 sq ft bungalow on 77 Acres. Âź mile of frontage on Highway 97 South.

4986 & 5008 Hartway Dr.

'Grower Direct' High volume 'Grower Direct' franchise  owershop.

Two separate lots, cleared, level & highway access. Zoned M-3.

9080 Penn Rd.

FOR LEASE – 25,660 sq ft quality warehouse in the Danson Industrial Park. 24’ ceilings, 6 loading docks, 1 ramp, 7 -14’ O/H doors, 4 man doors, ofďŹ ces & a large fenced compound.

978 & 996 Central St.

26485 Telegraph Rd. Vanderhoof, B.C. Ideal wildlife

Blackwater Rd.

viewing/hunting property. 5 km of quad trails. 90 Acres cultivated. 2 miles of Nechako River front on west side & one mile on east side. Gravel deposit & two residences.

30 minutes from the City. Approx. 15 km down Blackwater Rd.. Three properties available totalling 1,097.93 Acres plus a woodlot license. Some gravel, mostly logged.

9368 Milwaukee Way

1396 – 5th Ave.

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

Located on 3.74 Acres, 31,640 sq ft major fabricating/manufacturing facility.

FOR LEASE – 1,955 sq ft of professionally designed second-oor, top-quality OFFICE space. Gross rate lease.

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

GEORGE Weinand

250-960-9556

KEN Goss

250-565-7653

THINK REAL ESTATE...The Best Investment on Earth

Recreational Real Estate HOT PROPERTIES B13

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

RECREATION FEATURE Okanagan resort developers wait it out as glut of product keeps recovery at bay

ÂĄ*U¤T OPU UIF QSJDF *U¤T UIF NBSLFU¢ FRANK O’BRIEN WESTERN INVESTOR ate last year Rivendell Development chopped prices on suites at its Verana Okanagan project by as much as $60,000 and waived the harmonized sales tax (HST) in a bid to attract buyers to the Penticton resort development. The deal and location look good on paper. A recreational playground, Penticton is home to six golf courses, 24 wineries, more than 10 art galleries and a very popular casino. Penticton also houses the South Okanagan Events Centre, which hosts world-class sports and cultural events and provides top-notch public facilities.

Photo: Verana Okanagan

-

Despite $60,000-per-suite price reductions and waiving of HST, Verana Okanagan resort has sold only one condo unit this year.

Okanagan. Hay doubts prices will be reduced even further, despite the slow take up. “It’s not the price, it’s the market,� he said. At the La Casa cottage resort near Kelowna, Fully complete and just a block and a half the developer slashed lot prices to as low as from Skaha Lake, Verana Okanagan is packed $43,000 and was offering complete 700-squarewith high-end finishes and is built super-green. foot detached cottages for $199,900 in a oneThe whole development has been planned to month sales blitz in May that saw prices at the maximize energy efficiency by using low-E lakefront site cut by 30 per cent or more. argon windows, high-efficiency air source heat According to Hay, the discounts show there pumps and compact fluorescent lights. These is too much resort product on the Okanagan energy-efficient features, along with the first market for the number of buyers. And, says a green roof in the south Okanagan, earned the buyer survey from the Okanagan Mainline project FortisBC Power Sense conservation Real Estate Board, the market is now nearly excellence awards two years in a row. fully dominated by domestic buyers, not the With suites priced from $224,900, Verana well-heeled Albertans and U.S. customers that Okanagan would have likely sold fast if it was some resorts first envisioned. being marketed four years ago. Okanagan residents wanting to buy a resort But that was then, this is now. condo have problems selling their existing When Rivendell started the discount sales house, however. blitz last winter, it had 17 units left to sell. Now, The BC Real Estate Association(BCREA) months later, it has 15 for sale. reports that Okanagan residential sales plunged “We have only sold one suite this year,� nearly 30 per cent in March compared with said Keith Hay, who is marketing Verana a year earlier, continuation of a downward

trend that began two years ago. In the south Okanagan, unit sales are down a more modest 10.7 per cent, but total sales volumes are off 32.2 per cent, an indication that prices continue to track lower. “We continue to observe a two-speed market in B.C., with surging consumer demand in Metro Vancouver overshadowing more moderate demand in other regions,� said Cameron Muir, BCREA chief economist. The Central 1 Credit Union is even more bearish, suggesting that, in the Okanagan, the “two speeds� include reverse. Central 1 economist Brian Yu said the “weak links� in B.C.’s residential market are those with high exposure to external recreation and retiree market demand, suggesting the Okanagan and Kootenay areas will be the hardest hit this year. “Buyers are hesitant to make discretionary or luxury purchases,� Yu explained, noting that rock-bottom prices in the U.S. Sunbelt are also drawing buyers away from B.C. resorts. According to the credit union’s most recent

housing forecast, the Okanagan is expected to see overall residential price declines of 6 per cent this year, while Kootenay prices will drop by 5 per cent, compared with a not-so-rosy 2010. However, the credit union is also confident of a recovery in 2012 and 2013. “Sales are expected to rise sharply [in these resort markets] in 2013,� it concluded. Hay said most resort developments, like Verana Okanagan, will just have to wait it out, adding that this summer may see the last of the really great deals in Okanagan resort properties. “The Verana Okanagan is an affordable and luxurious home where people can enjoy the best of the Okanagan,� Hay said. “Nearby are two phenomenal lakes and beaches, a multitude of wineries, great camping, golfing, hiking and skiing and a terrific fine-dining and theatre scene.� The resort’s two owners also enjoy a fully-equipped comunity centre with pool and hot tub. Now all Verana needs is more buyers.◆

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Overwhelming Views

Why Harrison?

Nestled against Southwestern British Columbia’s magniďŹ cent mountains and the sandy beaches of Harrison Lake, Harrison Village is your local destination ďŹ lled with a rich history and natural wonders, including our world famous BC Hot Springs. Known for its leisurely days and friendly ways, offering nature, art, entertainment shopping and food. s BEDROOMS BATHROOMS s SQ FT OF LIVING SPACE s SQ FT GUEST SUITE s 3HOWPIECE CAR GARAGE s FEET OF WATERFRONT

s 3TAMPED CONCRETE BOAT LAUNCH s FEET PRIVATE BOAT DOCK s 26 PARKING s #OVERED HOT TUB DECK

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

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For Sale Halcyon Hot Springs Village & Spa s 3PECTACULAR &ACILITY OFFERS UNIQUE VACATION EXPERIENCES s 9EAR ROUND OUTDOOR PLAYGROUND s .ATURAL HEALING HOT SPRINGS s ACRES WITH METERS WATER FRONTAGE s 0ROlTABLE RESORT LODGE AND SPA BUSINESS s !PPROXIMATELY ACRE BACKWOODS TENURE s 7ORLD CLASS DINING s 3TRATA 6ILLAGE #HALETS AVAILABLE FOR SALE s :ONED FOR FUTURE DEVELOPMENT POTENTIAL For Further Information Contact: Alf Sanderson Vice President, Business Advisory Practice 6ANCOUVER /FlCE $IRECT s alf@naicommercial.ca s www.naicommercial.ca

B14 Recreational Real Estate HOT PROPERTIES sss

www.westerninvestor.com JUNE 2011WESTERN INVESTOR s

“The Source” for Oceanfront, Lakefront, Islands, Ranches, Resorts & Land in BC at:

www.landquest.com LandQuest Realty Corp SmithersÊqÊ i ÃÊ Ài LandQuest Realty Corp CourtenayÊqÊ ÕÀÌÊ i Ãi

LandQuest Realty Corp NanaimoÊqÊ i> Ê Õ `Þ LandQuest Realty Corp Cariboo – >ÀÃ Ê ÀÜ>À`

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HAWKINS LAKEFRONT FARM CARIBOO REGION OF BC

SPECTACULAR PRICE AND VIEWS SUNSHINE COAST

MOBERLY LAKE RANCH - 3,800 ACRES - MOBERLY LAKE, BC

8.4 ACRES LOWBANK OCEANFRONT INDIAN ARM, BC

RV PARK & CAMPGROUND HOPE BC

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11 ACRE MARINA HARRISON HOT SPRINGS, BC

CLEARWATER SPRINGS RANCH & SPA - WELLS GRAY PARK, BC

GULF ISLAND OCEANFRONT SIDNEY ISLAND

OCEANFRONT LIVING INDIAN ARM - N.VANCOUVER, BC

4.9 ACRE OCEANFRONT ESTATE INDIAN ARM - N.VANCOUVER, BC

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KOOTENAY LAKEFRONT DEVELOPMENT

SHUTTY BENCH KASLO

DEVELOPMENT ACREAGE CAMPBELL RIVER

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HISTORIC 2,700 ACRE RANCH PRINCETON, BC

COUGAR ANNIE’S GARDEN CLAYOQUOT, BC

THE NEW 108 RESORT CARIBOO REGION OF BC

DEVELOPMENT PROPERTY WITH 60 TITLES - FORT STEELE, BC

SUBDIVIDABLE RANCH PROPERTIES 23 LOTS - KAMLOOPS, BC

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OKANAGAN INVESTMENT

OPPORTUNITY

Recreational Real Estate HOT PROPERTIES/Alberta B15 LAWRENCE STEINKE Potential Lakeview development property. Beautiful 77 site thriving RV Park in the Okanagan. Meticulously maintained park. 2400 sq. foot residence. Rare find in the valley.

Penticton BC Inquiries: invatech@shaw.ca

$2.3 mil.

-

Lakeshore Campground on pristine Sproat Lake 26 level sites, underground services Steps to large sandy beach Private swimming area with waterslide Boat slip included with purchase www.lakeshorecampground.com

+ HST

THE MAPLES ON SPROAT LAKE - from $389,000 + HST -

Specializing in Apartment Sales Since 1975 PH: (780) 447-9009 Fax # (780) 447-9008 Email: steinkeandcompany@gmail.com

IF YOU HAVE SPECIFIC REAL ESTATE NEEDS, CALL US... WE CAN FIND THE PROPERTIES YOU NEED! We have several apartment and condo buildings from 6 units to 100 units. Price ranges and locations vary across Edmonton. Call or email us for further information The following are a brief selection of the properties we have available right now. More are only a phone call away.

APARTMENTS FOR SALE IN EDMONTON

•15 Suites, walking distance to NAIT, Strata Title not registered ............................... $1,500,000 •33 Suites, 2 blocks to Grant MacEwan College, OFFERS ......................................... $3,500,000 •21 Condominium Units Westend ........................................ $2,835,000 •38 Suites, great suite mix plus additional land ...................................................... $4,600,000

COMMERCIAL / INDUSTRIAL FOR SALE

SPROAT LAKE - STRATA-TITLED CAMPSITES- from $169,000

24-unit strata-titled development Brand new vacation homes, 5 floor plans Spacious, private decks, appliances included Beach, trails, boat slip, large dock All the benefits of Sproat Lake without the cost! www.maplesresort.ca

DAVE KOSZEGI REALTOR®

of Nanaimo Each Offi ce independently Owned and Operated business / pager 250.723.SOLD (7653) office 250.751.1223 toll free 1.888.246.8695 email dave@midislandhomes.com web midislandhomes.com davekoszegi.com 723sold.com

Medical/Professional Space for Lease

STEINKE AND COMPANY REALTY LTD.

• 4 QUARTERS of land approx., 40 miles NW of Edmonton. Must be sold together ........................................Total Price $600,000 • NEW, SPRUCE GROVE 3 remaining Condo Warehouses. 1,700 sq. ft. bays, great curb appeal ..................................................$334,900/bay

$$$ CASH BUSINESS $$$ 3 Bay Car Wash with space for C-Store! In North Edmonton

Only $1,300,000 Call LAWRENCE Ph: (780) 447-9009 steinkeandcompany@gmail.com

115 Haddow Close NW, Edmonton, AB

Prestigious Riverbend/Terwillger Location! This facility is equipped with all of the features and amenities you need to succeed. Nearby pharmacy, rec centre & major traffic throughways offer great exposure! Great space for Doctor office, Insurance Brokerage, Real Estate Office, Lawyer’s office and or Accountant !!! 1295 sf, 3 - 5 yr lease preferred. $28 per sq. ft. plus $15.50 operating costs utilities & janitorial not included.

Please Call Michele Warwa-Handel

780-464-7700 REALTY EXECUTIVES DEVONSHIRE (THE PARK)

www.realtyforyou.ca

CENTRAL ALBERTA Businesses, Investments, Sales and Lease Information Visit www.advantagecommercial.ca

or call

403-346-6655

Avison Young Lethbridge Inc. partnership. performance.

Hotel - 86 rooms, restaurant and lounge, located in the retail hub of Lethbridge, AB Asking $8,500,000

FOR SALE

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

Gas Station Located on the busy intersection of Stafford Drive North and 5th Ave North with great accessibility to both Asking $1,200,000

Minutes SW of Calgary at Priddis

5.4 Acres ...........$950,000 11.0 Acres ......$1,200,000 12.0 Acres ......$1,200,000

Ideal for Country Estate Mansions or Villas

Morgan Tingle, Associate Joe Sather, Broker

403-265-8887

westerninvestor.com news archives reports updates

For further information contact:

Doug Mereska, Broker

doug.mereska@avisonyoung.com 403.330.3338 ext. 201 #217 - 200 4th Avenue S, Lethbridge, AB

Subscribe 1-800-661-6988

www.westerninvestor.com

B16 Alberta

www.westerninvestor.com JUNE 2011WESTERN INVESTOR

CAPITALIZE

ON EXPERIENCE BARCLAY STREET REAL ESTATE

FOR SALE

INVESTMENT OPPORTUNITIES FROM

FOR SALE

RETAIL PLAZA IN SUNDRE

INDUSTRIAL/FOOD PROCESSING FACILITY

4-WAY PLAZA

35,381 SQ. FT.

101 Centre Street North, Sundre, Alberta

4043 Brandon Street SE, Calgary, Alberta

s "UILDING SIZE SQ FT SITE SIZE ACRES

s #&)! REGISTERED s #OOLING STORAGE REFRIGERATED processing area (140 ton) s 7ASTE WATER TREATMENT on-site s $IRECT INTERIOR CONNECTION TO VersaCold storage facility s &ENCED PARKING

s 3TRATEGICALLY LOCATED ON THE NE corner of Highway 22 and Centre Street North, the busiest intersection in Sundre s &ULLY LEASED WITH LONG TERM NET leases For more information or to view, please contact: RYAN SWELIN rswelin@barclaystreet.com

FOR SALE

For more information or to view, please contact: GREG ALBRIGHT

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

galbright@barclaystreet.com

INDUSTRIAL/FOOD PROCESSING FACILITY

FOR SALE

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

3 STOREY APARTMENT BUILDING

53,233 SQ. FT.

SITE: Âą5,798 SQ. FT.

4211 13A Street SE, Calgary, Alberta

TH 3TREET 37 #ALGARY !LBERTA

s #&)! REGISTERED s BLAST FREEZERS EXTENSIVE cooling storage, refrigerated processing area (64 ton) s 7ASTE WATER TREATMENT on-site s &ENCED YARD AND PARKING

s &ULLY LEASED AND TENANTED s ONLY HALF BLOCK FROM VIBRANT TH !VENUE 37 s ONE BEDROOM SUITES two-bedroom suite, s #LOSE TO TRANSIT GROCERY restaurants

For more information or to view, please contact: GREG ALBRIGHT galbright@barclaystreet.com

COMMERCIAL REAL ESTATE

SOLUTIONS

For more information or to view, please contact: EARL ADELMAN

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

eadelman@barclaystreet.com

Office, Retail, Industrial

Land, Investment

SALES AND LEASING

SALES

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

Property Management

CALGARY OFFICE ƒ Suite 200, 407 – 8th Avenue SW Calgary, AB ƒ T2P 1E5 ƒ p: 403ƒ290ƒ0178 f: 403ƒ262ƒ1314 EDMONTON OFFICE ƒ 202, 2520 Ellwood Drive Edmonton, AB ƒ T6X 0A9 ƒ p: 780ƒ463ƒ3332

WWW.BARCLAYSTREET.COM

Alberta B17

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

EP ZPV OFFE

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Fully serviced lots with excellent highway exposure • 7 minutes north of downtown Fort McMurray • Direct access to Hwy 63 • Highway commercial zoning • Ready to build

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

+1 780 420 1585 www.colliers.com Retail Investment Opportunity 16,164 SF RETAIL BLDG 542-24 St., Fort MacLeod, AB Fully leased to 5 tenants Fort Plaza NOI - $162,323

Accelerating success. Multifamily Opportunity 102 UNITS SOLD

15 UNITS AVAILABLE

7 ACRES LAND

ECO PARK

Spruce Grove, AB Built in 2003, 70% 2 bedroom 2 bath, 5 appliances, elevator

Edmonton, AB North Central, extremely large and clean units, great mix, new roof, assumable finance

Fort McMurray, AB Ready for 11,000 SF office, 16,000 SF industrial shop

Fort McMurray, AB Pre-selling & pre-leasing industrial bays, 2,000 - 43,000 SF, on Hwy 63 N., adequate parking, T5 lighting, radiant heating, and bay doors

62 UNITS SOLD Edmonton, AB Extremely large units, all 2 and 3 bedrooms have 1.5 baths, above grade

Casey McClelland Mark Swaenepoel DIR +1 780 969 3003 casey.mcclelland@colliers.com

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

Judicial & Office/Retail Opportunities 59.44 ACRES

160 ACRES

Parkland County, AB Country Residential, minutes from Edmonton

Stony Plain, AB Area structure plan completed, engineered and ready to go, financing available

80 ACRES

155 ACRES

Parkland County, AB Country Residential, preliminary development plan available

Parkland County, AB Country Residential development east of Stony Plain

420 ACRES

12,000 SF BUILDING

Parkland County, AB Next to Lake Eden Resort, good access to utilities

Edmonton, AB Freestanding building close to Downtown, Ideal Owner/User

1.75 Hwy ACRES

MULTI FAMILY LAND

Beaumont, AB 1.75 acres, highway exposure Ideal hotel location

Morinville, AB 4.47 Acres of Multi Family Land for Sale, up to 99 units available

Steven Pearson

Jeff Grobman

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

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

Fort McMurray Opportunities

83 UNITS AVAILABLE Edmonton, AB Concrete block, elevator, 70% 2 &3 bedrooms, west end location

15 UNITS PRICE REDUCED Edmonton, AB West end location, one block away from approved LRT route, 6 three bedroom suites

14 UNITS COMING SOON Edmonton, AB North location, new PVC windows, 12 - two bedrooms, upside on rents BULK CONDOS FOR SALE AVAILABLE Edmonton, AB Below market prices, call for details

Amit Grover DIR +1 780 969 3006 amit.grover@colliers.com

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

www.colliersmn.com\edmontonapartments

Hotels DAYS INN Grande Prairie, AB New hotel, 90 rooms, increasing $9,200,000

MOOSE CREEK HOTEL Edson, AB 9 rooms, bar with VLTs, lounge & liquor store $950,000

10020 MacDONALD DRIVE Fort McMurray, AB Proposed office development on 36,400 SF lot, zoned C5, currently a movie theatre

RESIDENTIAL CONDOMINIUM SITE Fort McMurray, AB 24-unit development permit

22,000 SF INDUSTRIAL BUILDING Fort McMurray, AB Fully leased

INDUSTRIAL BAYS FOR SALE OR LEASE Ready December 1, 2010 Taiga Nova Eco Industrial Park

GRAVEL PITS

Greater Edm. Opp.

Fort McMurray, AB

132,995 SF INDUSTRIAL FACILITY

SML 070029, SML 020038, SML 030011, SML 810079, SML 040002

Sturgeon Ind. Pk., AB Sale or lease. 30,000 SF bays available. Abundant yard. Future CN Rail Service. Flexible completion options.

Rod Connop DIR +1 780 969 2994 rod.connop@colliers.com

Perry Gereluk

Evelyn Stolk

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

DIR +1 780 969 3002 evelyn.stolk@colliers.com

145 MacMILLAN RD. Fort McMurray, AB 16,800 SF industrial building, fully leased, NOI $700,000 rising to $750,000 in 2013

GROUP OF 11 LAND Fort McMurray, AB 6.75 AC, additional 7 AC adjacent site, Hwy. 63 & Gregoire Dr. exposure

Ken Shebib MOB DIR

+1 780 863 7355 +1 780 881 6297

ken.shebib@colliers.com

Land Opportunities RED DEER LAND

WABAMUN LAKE LANDS

404 acres of prime future residential land 8.9 kilometers of river frontage Recently annexed into Red Deer City Limits Price: $15,000,000 ($37,134 per acre)

151.93 Acres on Lake Wabamun 2,600 feet of prime shoreline property 9.09 Acres Zoned CR 142.94 Acres zoned AGG Price: $2,920,000

Mark Swaenepoel

Rick Argue

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

DIR +1 780 969 2997 rick.argue@colliers.com

B18 Alberta

Val Toffoli

www.westerninvestor.com JUNE 2011 WESTERN INVESTOR

Selling Edmonton since 1987

Phone: 780-707-9395

REALTY EXECUTIVES POLARIS 4107 - 99th Street, Edm, AB T6E 3N4 Email: vtoffoli@shaw.ca • www.valtoffoli.com MULTI-FAMILY APARTMENT BUILDINGS: • 7 Stes in West Central; 6% Cap Rate. Very Clean & Well Maintained with Great tenant Profile. • 12 ste with 80% financing available! Ctl – Near downtown, College, Hospital, new proposed Stadium & LRT – Good size stes. Great Curb Appeal • 15 Condo Units – 13-1bdrm & 12-2 bdrm units. Ctl near downtown & college. REDUCED & open to reasonable offers. • 18 Stes (12-2 Bdrm, 5-1 Bdrm, 1 Bach) Extensive upgrading in & out (roof/windows/landscaping/ fencing). Hi Ratio financing available. East Ctl

ALBERTA PROPERTIES FOR SALE •WEST EDMONTON - 14 SUITE APARTMENT Extensively renovated, high occupancy with good tenants, good income. Asking $1,890,000. •65 ROOM HOTEL on highway 16 in Alberta, well designed, well built with good occupancy and very good return. Asking price $6,150,000. •62 ROOM HOTEL & RESTAURANT IN ALBERTA Small town, excellent location, well maintained, high occupancy, very good return! Asking $6,250,000 For more information please contact: (BROKER) at 780-413-4800 Ext. 27 or email: interactrealty@shawbiz.ca

SAM SIT

INTERAC REALTY INC.

OLDS, AB Stevenson Homes... Main Street (Highway) Frontage

Your South Central Alberta Home Builder

17 Acres (m/l). Zoned for Residential, Commercial, Retail, Hotel, Motel, Office, Restaurant, Drinking Establishment. Building Height: - 10.0m (32.51') Front - 25.0m (82') Back Site coverage: Maximum 85% Next to WalMart, Canadian Tire, Sobey's. Town is developing Sports fields on property north of Subject. Services to property line. Will sell all or part or build to suit.

CALL OR

JOHN SHELDON

403-371-7017

JOHN BEAUDOIN 403-371-5762

DISCOVER REAL ESTATE 403-233-0703

Proud to be Olds #1 Builder Building Spec & Custom Homes In Urban & Rural Settings

EDMONTON & AREA OPPORTUNITIES COMMERCIAL

CAR WASH: Edmonton, 8 Bays, 1Auto, huge potential....................................................................$949,000 TRUCK & CAR WASH: Edmonton, 4hr, 3 truck bay, 1 RV, 6 car wash, Over $1 mil sales/year, Growing fast...................................................................................................................................... $3.75mil CAMP GROUND & RV PARK: Edmonton, 30min., 10 acres under huge upgrader, best location, Liquor store, Gas Bar........................................................................................................................... $2.9mil MOTEL: Alberta South Big City, 3 years old Best Location, Over 1.5mil sales, Franchise .................... $7.9mil MOTEL: In Edmonton, Renovated, 39 Rooms, Over 800k sales, Private Manager's house ................. $3.9mil GAS STATION: Edmonton 2.5hr, Brand new station -2 national franchise tenants, Huge Potential .................................................................................................................................. $3.75mil GAS STATION: Edmonton, 30min, Brand new station, Hwy traffic,Town with big project............... $4.9mil GAS STATION: Edmonton 30min., Franchise, New Equipment, Boom town, Car wash, 4.5 mil Sales .................................................................................................................................... $1.89mil LIQUOR STORE: Edmonton 1.5hr, 20 years business owner retire, $900k average sales in 3 years$349,000 INVESTMENT: Edmonton, Business condo, 2900sf, Fully Leased, Good Potential ..........................$495,000

MORE LISTINGS ARE AVAILABLE PLEASE CALL

Jun Choi for Details

Cel: 780-722-2570 • Email: junchoi@live.ca

Contact Chantel at

403.556.1800 or 403.586.8886

Email: Chantel@StevensonHomes.ca Visit: www.AlbertaHomes.com

Olds and Area ForFor SaleSale Olds and Area OLDS, OLDS, AB AB

DIDSBURY, AB DIDSBURY, AB

•95 Acres of Industrial Development Land “Ready for Development”. Bordering existing Industrial Park. *HIGHWAY 2A EXPOSURE*

•Multifamily Development Lot for 5 Unit Townhouse - $225,000

•8000 sq.ft + Mezzanine. Near New Industrial Building, Tenant Occupied –*NEW PRICE* $899,000

•Multifamily Development Lots for 10 Townhouses or Duplexes - $450,000

•0.3 Acre Industrial Lot - $125,000

•1 Acre with approved plans for 18 Unit Townhouse $599,000

•0.33 Acre Industrial Lot - $125,000

•Duplex Lot - $104,000

•2.85 Acre Industrial Lot - $375,000 •Four Plex with Income of $ 36,300.00 - $454,900 •3 Acres Bare Country Residential Land - $175,000 •Light Industrial Building 2560 sq.ft - $295,000 •FOR SALE or LEASE: 3375 sq.ft Office/Retail space in Uptowne Olds

CALGARY/DELACOUR, AB CALGARY/DELACOUR, AB •Golf Course Residential Development Land 6 Miles from City Of Calgary City Limits. This is prime Residential Development Land Zoned “Golf Course Residential”. Call or email for additional details

•FOR LEASE: 2400 sq.ft Prime Office space in Uptowne Olds •FOR LEASE: 1000 sq.ft Second floor Office Space, Uptowne Olds - $1000/mth

Hugh Bodmer 403.556.0262 www.hughbodmer.com hugh@hughbodmer.com

Tom Sherry 403.689.1548 www.tomsherry.ca tsherry@cirrealty.ca

B19

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

COVER Historic central Alberta town finds itself on the radar of Calgary commuters and retail investors

0MET JT OFXT BHBJO 5

he length of the phone interview is indicative the boom is back on in Olds.

It takes Larry Wright quite a while to brief you about what’s going on in his central Alberta community, largely because there’s a lot more to Olds these days than a successful agricultural college – though that’s still a key piece of the puzzle. Wright, the director of operations for the Town of Olds, patiently reels off the details of various development and redevelopment projects in the community, one that enjoyed boom years from 2006 to 2008, before the recession hit. Back in 2006, building permit values were in the $75.8 million range. They zoomed to almost $117 million in 2007, thanks to large commercial and institutional projects, but have dropped steadily since then, hitting only $28.3 million in 2010. Wright expects that to change in 2011, and be particularly obvious another year down the road. “I really think that 2012 with be our benchmark year,” Wright explains, partway through listing everything that’s coming down the pipe for Olds – from the new 45,000-square-foot branch and head office of theMountain View Credit Union on the west end of town to a variety of infrastructure improvements planned or underway that involve the town, Alberta Transportation, or both. It’s clear from the conversation that Olds is a community where both new development and redevelopment are economic priorities.

%PXOUPXO NBLFPWFS

On the redevelopment front, the town is pursuing a plan for Uptowne Olds, the traditional core of the community. Wright says redevelop-

Photo: City of Olds

WESTERN INVESTOR

Photo: Kevin Udhal

DAVE HUSDAL

No wonder Olds attracts the likes of airline pilots and oilfield professionals among its new residents. Hugh Bodmer, an Olds realtor with CIR Realty and a past economic development staffer in the community, says Olds is an attrac tive place for people to escape city life. They’re looking for homes on larger lots close to amenities. In some cases, they’re choosing Olds because it’s not that far from Calgary, Red Deer or Edmonton, where family members may already be living. Buyers in Olds are displaying a general desire for new properties, rather than existing ones, he says. “The market is growing and expanding for new homes,” Bodmer explained, adding that while price points vary somewhat, a new single-family home in the community’s northwest Vistas neighbourhood with a double garage sells in the $420,000 range. Higher-end duplex units in the same area sell in the $310,000 range. Like Scott, Bodmer says retailers Olds realtor and former Olds economic developin the community are clearly seeing ment staffer Hugh Bodner: people are moving increasing customer traffic. He cites in from Calgary to escape city life and high a friend who owns an Uptowne house prices. Meanwhile, the town is trying to Olds shop. keep retail growing in historic Uptowne. “He’s seeing lots of new people ment work and infrastructure costs could make Foods, Staples and Canadian Tire, yet it’s to town, people he has never seen before,” use of a model that Calgary used to finance also home to a vibrant main street that lacks Bodmer explains. East Village redevelopment. That model sees any boarded-up storefronts, Scott said. Indeed, the box stores have helped the mer- 0JM BOE HBT new tax revenue from a defined area targeted chants of Uptowne Olds in some ways, because That’s likely to continue, based on what’s going to cover infrastructure costs. An innovative approach to revitalizing the they’ve widened the catchment area for retail on in the central Alberta community that also town’s core isn’t exactly a new concept. In fact, traffic in the community of 9,000, Scott says. boasts an oilfield service sector that’s picking the Uptowne Olds moniker is already fairly The trading area for Olds is considered to be up again with increased natural gas activity. well known in central Alberta – the result of 40,000 plus. Future business development and infrastrucbusinesses in the town’s centre banding togeth- Location is a big part of the draw for Olds, ture enhancements are clearly linked in Olds, er with marketing and promotions efforts when which is situated roughly 80 kilometres north and progress is ongoing in the latter category. big-box retailers arrived in the west end a few of Calgary and roughly a half hour from Red Construction is underway to hook Olds up years ago. The smaller shops have also focused Deer and Airdrie just west of Highway 2, the to a regional wastewater treatment system strongly on service, notes Gail Scott, com- province’s bustling north-south traffic artery. in 2012. It’s already part of a regional water munity economic development officer for the Residents can reach Calgary International system that runs through communities south Olds Institute for Community & Regional Airport in 45 minutes. Try doing that from a of Red Deer, and that system is also being Development. home in southwest Calgary at the wrong time expanded to guarantee capacity for growth. Now Olds boasts Wal-Mart, Sobeys, Extra of the day. Please see Rental plays page B20

"MCFSUB

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B20 Alberta THE CITY

www.westerninvestor.com JUNE 2011WESTERN INVESTOR

3&/5"- 1-":4 from B19

OF

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EAST CENTRAL ALBERTA Prime Highway Commercial Lots Next to our New Hotel, Convention Centre and Casino 3 to 4 Acre Parcels $175,000 per Acre

VALERIE KING

Write: 5204 – 50 Ave., Camrose, AB, T4V 0S8 Toll Free: 1-888-672-4426 Ph. (780)678-3025 Fax: (780)672-2469 Email: vking@camrose.ca www.camrose.ca

Pam Gill

(780) 455-4088

www.apartmentsinedmonton.com

EDMONTON

APARTMENT PROPERTIES 6 SUITES, Cromdale ..................................................$575,000 8 SUITES, Downtown ................................................$584,000 11 SUITES, NAIT .....................................................$1,067,000 12 SUITES, Downtown ..............................................$876,000 15 SUITES, NAIT .....................................................$1,575,000 15 SUITES, Downtown ...........................................$1,425,000 20 SUITES Cromdale..............................................$1,960,000 22 SUITES, Downtown ...........................................$2,420,000 30 SUITES, Westend ..............................................$2,900,000 NEWER WAREHOUSE, 1455 sq. ft. ............................$369,000

For full Proformas, Call or Email gillp@sutton.com PH: (780) 455-4088 Fax: (780) 455-4048 www.apartmentsinedmonton.com Sutton Central Commercial sutton central commercial real estate

built into the property. Students will be able to work and learn in the interactive design, which will include teaching and observing areas. Construction is expected to start this fall, says Wright, once development agreements are in place for the site on the east end of Olds.

Alberta Transportation is looking at enhancements to Highway 27 – the main east-west commercial strip – as new development and redevelopment projects happen. The province has also committed in its three-year transportation plan to rework the interchange *OEVTUSJBM TDBSDF at Highways 2 and 27 to improve access in and While Olds College started out as an agriculture institution, its program base has diversiout of the community from the east. fied to land and environmental management (BNJOH QMBZ and rural entrepreneurship. The interchange sits east of Olds in Mountain While Olds has a lot going for it, the comView County, and there are also projects eyed munity also faces challenges, notes Bodmer. for the area outside of town. A noteworthy one Among them is a shortage of serviced indusis a long-shot proposal from the local agricul- trial land. What little is available can run in ture society to build a “racino� facility at the the range of $250,000 to $280,000 per acre. interchange. The gaming venue would feature Unserviced industrial land is in the $30,000 to a horse-racing track and related slot machine $40,000 per acre range, according to Scott. gaming, not to mention a hotel. No licence has Entrepreneurs looking at setting up shop been granted for the racino to date, and the in Olds face a wide range of commercial and province’s gaming authority has a moratorium industrial lease rates. on new licences at this point. According to Scott, industrial leased rates are Meanwhile, Pomeroy Inn & Suites Inc. is in the $7 to $12 per square foot range, with comlooking at a $12 to $14 million hotel project mercial rates varying significantly throughout on Olds College land that would see the estab- the community – from $8 to $14 in Uptowne lishment of the Canadian Institute for Rural Olds, up to $30 for new highway commercial Entrepreneurship. space on the west end. Older highway comAccording to Pomeroy, the “state-of-the-art� mercial runs in the $12 to $22 per square foot facility will encompass the brand’s blueprint of range, with service commercial buildings more extended-stay suites, full amenities and service typically in the $13 to $20 range. culture, plus it will also feature full food and Bodmer says residential revenue properties beverage services including conference facili- can also prove decent investments in Olds, ties and a restaurant. Perhaps the most unique thanks not only to the college but the local design element will be the learning services employment market. Two-bedroom four-plex

2VJDL GBDUT âœŞ OLDS 27 567 2

â—? Airdrie 1A

CALGARY

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0MET " # Population 9,000 Olds College employees 330 College rank among major employers 1st Building permit values 2010 $28.3 million Peak building year 2007 ($117 million in permits) Industries Manufacturing, oil and gas servicing, agribusiness, retail and service

units, for example, rent in the $750 per month range, while larger duplexes can rent for $900 to $1,100 per month. All in all, Olds is benefiting from people looking for something different in the Highway 2 corridor. Noted Wright: “We’re seeing a shift from Calgary into the Olds area, and we’re seeing people not go to Red Deer.�◆

AN INDEPENDENT MEMBER BROKER

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AVISON YOUNG Edmonton Investment Team

HOTEL OPPORTUNITIES

Park Centre - 2308 96 Street

3619 118 Avenue

McLay Development Lands

Former TD Bank Building

9,247 sf of Professional/Medical with additonal land allowing for up to 10,000 sf of additonal development

An 8,150 sf building on a 12,000 sf site with excellent high traffic signage opportunity along main east/west roadway

292.01 acres of future development land in Sturgeon County close to the new Anthony Henday and HW 28 intersection

4,798 sf well located professional/retail situates on 9,604 sf of land on the corner 50 St. and 50 Ave; the main intersection in Leduc

Visit us at www.ayeinvest.com for sale listings, market information and the latest commercial real estate news

INDUSTRIAL SPACE - For Sale or Lease FORT MCMURRAY - Taiga Nova Industrial Park

13,000 to 52,000 sq. ft. - Fall of 2011 • 4.44 Acre Site • Lease or Purchase Options • Experienced Developer & General Contractor • LARGE Rear Yard!

$BMM .JLF (FPSHF PS #JMM 4DIPFNBLFS

780.428.7850

marketing your franchise? Call the

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Edmonton & Area - For Sale

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Tom Watt Sherwood Park 19.57 Acres Zoned: C5 $600,000/acre Motivated!

Jeff Sutherland Fort Saskatchewan Class A OfďŹ ce For Sale or Lease Up to 235,000 sq ft Downtown

Tom Watt Sherwood Park Lakeland Drive 2.42 Acres $715,000/acres

OfďŹ ce 780.417.5540 www.scrcommercialrealty.com

For further information, contact Gary & RenĂŠe Anderson Hospitality Sales Specialists Direct: 780-432-1408 contactus@andersonhotelsales.com www.andersonhotelsales.com Dynateam Realty Ltd. Office: 780.444.6605

Alberta B21

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

COMMERCIAL

(780)

Edmonton’s Business & Investment Specialists

481 - 2950

(RE/MAX Excellence)

17718 - 64th Ave Edmonton, AB T5T 4J5 Toll Free 1(866) 481 - 2950

2011 PENDING AND SOLD TRANSACTIONS 7 Bay Auto Wash -

3 Pharmacy Package -

Swan Hills Hotel -

SE Edmonton. On 0.43 Ac. -

Ontario. Over $15M Revenue -

$2M Revenue -

SOLD

SOLD

SOLD

Professional Office Bldg -

South AB Pharmacy -

Condo w/Tenant -

West Edm. w/land -

Approx $800,000 Revenue -

#8 Spruce Grove -

SOLD

SOLD

SOLD

Condo w/Tenant -

Nisku 1.1 Acres Land -

#8 Spruce Grove -

High exposure location -

SOLD

PENDING

CURRENT LISTINGS

t

BUSINESSES

INVESTMENT

z18 Hole Golf Course - Central AB. 136 Acres. - $2.75M zWhyte Ave Restaurant - Business Only - $379,000 + Inven. zConvenience Store - w/land & bldg. North West of Edm $600,000 + Inventory z Truck & RV Wash - Business Only. Well established - $425,000

zRed Deer Commercial Bldg - Fully leased. Downtown. - $1.1M zPremier Lodge - Valemount BC - $3.98M zRetail Condo Package - Spruce Grove. 3 Condos - $750,000

CALL AYAZ OR SAM AT 780.641.1320 zA&W Franchise Partner Program- Edm loc - Call For Info zFAMOSO Franchises (NEW) - Nominated #1 Pizza in Canada, #6 Pizza in the World - $1.6M Av. Revenue - 100% Owner -

$300k-$400k (Cash) OR Operating Manager/Owner $100k-$200k (Cash)

CALL NATHALIE LACROIX AT 780.243.7757 zSoup/Sandwich Business - Downtown Edm - $119,900 zBottle Depot Businesses - TWO locations in AB. Call For Info BOTTLE DEPOT BUYING & ORIENTATION - BOOK NOW! ***CERTAIN CONDITIONS APPLY***

CALL RAJAN NULLIAH 780.441.5419 zSouth Edm Indian Restaurant - Well Established - $200,000

CALL RAJ BHARDWAJ 780.983.4211 zGrocery Store with Deli - SW Edmonton - $75,000 Including Inventory & Equipment

CALL MIKI O’REE AT 780.200.6454

INDUSTRIAL zLand/Bldg For Sale - Spruce Gr. 5500SF on 0.7 ac. REDUCED PRICE - $799,000

CALL ALLY PIRMOHAMED AT 780.604.0302

LAND z AB Industrial Heartland - 240 Acres. Serviced - $15,900/Acre z Premier Hotel Site - NE Edm. 1.18 Ac. HWY Exposure- $1.395M z Nisku Commercial Land - 5 Lots. Zoned CS - Call For Info

CALL AYAZ OR SAM AT 780.641.1320

CALL AYAZ OR SAM AT 780.641.1320 zSylvan Lake - Choice of 3 Est Motels. Beach facing & close to Marina. Fantastic summer business. Priced at $1.7M, $2.2M and $2.635M

CALL RAJAN NULLIAH AT 780.441.5419 zSelf Storage Facility - 177 Units + 100 RV on 3.88 acres. Whitecourt, Alberta - $1.9M zRetail Condos & Motel Land - Redwater, Alberta - Call For Info

CALL MIKI O’REE AT 780.200.6454

MULTI-FAMILY z4 Plex Condo Package - Parkdale - $700,000 z9 Units - South Edmonton - $1.1M z15 Units - West Edmonton - $1.5M

CALL MIKI O’REE AT 780.200.6454

LEASING z Leduc Plaza - Prof/Medical Space Avail. www.LeducPlaza.com

CALL AYAZ OR SAM AT 780.641.1320 z Whyte Avenue - Second Floor. 2215 SF - $12.00/SF + OP Costs

CALL ALLY PIRMOHAMED AT 780.604.0302

MEDICAL z Northern AB Pharmacy - #10271 - www.DrugstoresForSale.com z Edmonton Pharmacy - #10420 - www.DrugstoresForSale.com z Southern AB Pharmacy - #10832 - www.DrugstoresForSale.com z Ontario Pharmacy - #10667 - www.DrugstoresForSale.com

CALL AYAZ AT 780.641.1320

w w w.RemaxComm.ca

B22 Alberta INVESTMENT PROPERTIES FOR SALE! 15 UNIT APARTMENT, west end, all ones, many renos- 6.07 cap. Call for proforma

www.westerninvestor.com JUNE 2011WESTERN INVESTOR

TOWN OF CANMORE ALBERTA

23 UNIT APARTMENT, University area, nice condition and 5.75 cap. Call for proforma 38 UNITS IN RED DEER, 4 storey with elevator, 24 ones, 14 twos, upgraded premium property in best rental area near Hospital and College – serious inquiries only please - $3,990,000 - PENDING! 13,231 SF, 5 BAY RETAIL STRIP MALLin Leduc, AB. with good long term tenants. 9 years old. NOI over $161,000 per annum. 7 cap at $2,180,000. 1.45 ACRE INDUSTRIAL IN NISKU, AB close to Edmonton Intl. Airport. 3,900 sf newer warehouse with 18’ grade door. Fenced and graveled. FOR LEASE 68 PAD MOBILE HOME PARK in High Level, AB fully serviced, paved roads, underground utilities, fenced and landscaped, bare land condo titles. MOTIVATED OWNER WILL CARRY 75% FINANCING FOR A QUALIFIED BUYER INTEREST FREE FOR UP TO 2 YEARS!!! MLS $1,295,000 Looking for investment properties for all ICI categories. Fully qualified buyers. Call now for your complimentary evaluation and allow my 21 years of banking and 13 years of commercial real estate experience to assist you!

RICK D. JENKINS POLARIS REALTY

4 Retail Bays "For Sale" 512 Bow Valley Trail Priced for Immediate Sale!

Call Ad Armstrong for details

780-990-6120 cell

(403) 999-5626

Commercial Realtor

REAL ESTATE PROFESSIONALS

Email: rdjri@telus.net

• Commercial & Industrial Development Opportunities • Single Family Homes & New Apartments Required • 35 minutes to Edmonton and 60 Minutes to Red Deer For Details Contact: RONALD HOLLAND (780) 361-4404 Toll Free: 1-800-989-6899 Edm Dir: (780) 421-0953 rholland@wetaskiwin.ca

EDMONTON INVESTMENTS • DEVELOPMENT OPPORTUNITY - 3.95 Acres with established yard-site within very active Heritage Valley area in southwest Edmonton. Asking $2,440,000. • PRINTING & PUBLISHING BUSINESS - Original owner and operated for 30 years. Good customer base. Simple operation with growth potential, Business and Assets $553,000 Condo Bldg $495,900 • TREENURSERY - South of Edmonton with 80 acres, established in 1988 by present owners. Beautiful home and 3 metal buildings. Complete line of current equipment optional. Nursery Price Reduced! $1,050,000 • 80ACRES WEST OF EDMONTON INTERNATIONAL AIRPORT - with home, large garage/workshop and quonset. 1/4 mile from highway. Excellent location Asking $850,000

A.D. Toby Krysa (Broker) Cell 780-906-7764 • tobykrysa@shaw.ca

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

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

REVENUE OPPORTUNITIES

INVESTMENTS CALGARY AREA

VISIT OUR WEBSITE AT: www.calgaryland.net

U 64 seat restaurant in fast growing community north of Calgary, price includes land, building & equipment

4-PLEX

$"-("3: "3&" %&7&-01.&/5 -"/%4

IN COLD LAKE PRICE $525,000 FULLY OCCUPIED

UÊ 137 acres industrial land annexed into Crossfield, services close by, ready to be developed – excellent potential UÊ 141 acres annexed into Crossfield, excellent potential

EAST CALGARY - 17TH AVE SE 160 Acres near Stoney Trail $23.2 Million

UÊ 132 acres highway #2 frontage, 20 minutes north of Calgary – call today

GREAT

G Y - 84 St. NE EAST CALGARY 160 Acres near Stoney Trai Trail $3 $32 Million

LOCATION/REVENUE 1.1 ACRE PAVED

EAST CALGARY - 17 Ave SE 13.52 Acres Stoney Trail Frontage $6.76 Million

LOT. 16,800 SQ.FT. INCLUDING 2,000 SQ.FT. MEZ/OFFICE.

LAND & BUILDING ONLY

CHESTERMERE - SIERRA VISTA Single & Multi Family, Retail, Golf Course, Area Structure Plan. 5-7 Units Per Acre 53 Acres - $6.9 Million 88 Acres - $11.5 Million 140 Acres - $18.2 Million 160 Acres - $20.7 Million

$1,175,000

UĂŠ 279 acres located next to Crossfield – possible development possibilities C/S UĂŠ ž acre industrial land for lease UĂŠ 137 acres with #2 highway frontage – excellent access UĂŠ East Balzac – NE of Calgary – 151 acres, 1250 sq.ft. bungalow, 40’ x 80’ Quonset UĂŠ BEISEKER – 2.73 acres industrial land, fenced & graveled, presently used for storage UĂŠ 320 acres excellent farmland – 20 mins N of Calgary

4-PLEX FULLY OCCUPIED PRICE $519,000

UÊ 151 acres e a s t o f A i r d r i e – PRICED TO SELL UÊ Goalie Equipment & Development Business For Sale UÊ SOLD 809 sq. ft. Office / Retail space for sale, large lot UÊ SOLD CROSSFIELD – 22 room motel, great location, excellent condition C/S

KEVIN MOORE (403) 617-2846

For more information on these and other properties

XXX DBMHBSZMBOE OFU

-FHBDZ 3FBM &TUBUF 4FSWJDFT -BOE %FWFMPQNFOU BOE .BSLFUJOH $PNQMJNFOUBSZ -BOE 0XOFS $POTVMUBUJPO

UÊ AIRDRIE – 5000 sq.ft. industrial bay for sale with makeup air unit & inferred heaters UÊ 2500 sq. ft. industrial bay for lease

ROCKY VIEW 160 Acres on County Hills Boulevard $5.6 Million

EAST CALGARY - 17 Ave SE 98 Acres near Stoney Trail $15.6 Million

UÊTrailer Park 12 unit, plus 7 residential lots – excellent cash flow

RE/MAX Cold Lake 2000

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

call

DON SACKETT RE/MAX ACA REALTY

(403) 946-5657 ACA Realty

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

Alberta B23

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

EDMONTON LAND

Live Easy... Work Even Easier!!!

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

Fantastic home with business in the back. 13.5 acres total land with storage business. Check it out online. MLS CS304624 Asking $2.59M

For More Information Contact:

BOBCAT DEVELOPMENT 780-722-4156

www.TeamRush.ca Jerry Rush - 403-352-6775 NETWORK REALTY CORP. 3608 - 50th Ave, Red Deer 403-346-8900

Bridge Financing Short Term Financing Private Lender 1st & 2nd Mortgages Competitive interest rates Fast approval Referrals welcome!

For further info contact: Lorne Ryz

1-888-229-0007 or 403-862-6465 c • 403-775-4343 f lorne@beauxproperties.com

ONE OF MOST PROFITABLE HOTELS FOR SALE • Located in a city of NW Edmonton AB • Asking Price: $4.85M 62 Rooms with Restaurant/Lounge/9 VLTs • Land size: 2.84 acres • Revenue: $2M(2010), $3.2M(2007) • Revenue is going up with new Alberta boom. • New Power Plant construction is making the area stable for long term. • Lots of renovation and new equipment

MARTIN PARK T: 778-899-0201 www.MotelHotelSale.com Sutton Group West Coast Realty

• 45 Unit Motel Pincher Creek, Alberta - $2,590,000 • 8800 sqft Sublease office - Highfield - Calgary • Alberta Multi-family buildings - 6 to 1500+ units • Restaurant & Bar - High River Alberta - $2.7M • Former School for lease 27,000 sqft S.E. Calgary • Live/Work in Inglewood - Newer Condo $394,000 • 33 Unit apartment building condo title - $3,465,000 • 5625 sqft Retail Building on 4 Acres - Langdon $1,495,000 • Prime Beltline Development Site Construction Underway $7,775,000 • Franchise Restaurants - Chicago Deep Dish Pizza - WOK BOX $299,000 • 4900 sqft Industrial / Office Condo N.E. Calgary - $595,000 • 1200 sqft Industrial Condo - N.E. Calgary - $290,000 • 24 units close to University, Childrens Hospital, LRT - $4M

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

Each office is independently owned and operated.

Attention Agents:

REACH QUALIFIED BUYERS FOR YOUR LISTINGS call Gary Takahashi toll-free: 1-800-661-6988 tel: (604)

669-8500 or fax: (604) 669-2154 gtakahashi@westerninvestor.com

BRIAN PAGE 780-233-8438 bkpage@telus.net

PAGE REGAN

ROB REGAN

Land Development SALES RE/MAX Real Estate 780-488-4000

780-490-9324 ar_ar@shaw.ca

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Each office is independently owned and operated.

B24 Alberta

www.westerninvestor.com JUNE 2011 WESTERN INVESTOR

ALBERTA IS AGAIN MOVING! MOTELS & HOTELS

≥ PROVOST Brand new 44 unit motel. Asking

$4.5M. (These motels can be bought as a unit or separately

≥ CAMROSE ALBERTA 68 room, full services Hotel. REDUCED - NOW $5M. ≥ FULL SERVICES 63 Unit Motel with Restaurant,

Pub, Liquor Store. Shows excellent Rev. Ask $7.7M

INVESTMENTS ≥ CAMROSE 20 unit motel, (nice Ma & Pa operation) OTHER ≥ DAYSLAND Convenience store and Gas Bar., upgraded and very clean, Asking $1.2M. Mechanical shop, all located on a 1.5 acre parcel with residence. Shows good revenue. Asking $375,000. ≥ HARDISTY New 44 unit Motel - NOW OPEN! ≥ ROUND HILL ALBERTA Fully renovated and ≥ NAMPA, ALBERTA in busy boom town, 16 unit expectionally clean hotel with tavern, 8 rooms, pool motel, 100 seat lounge, VLTs, liquor store and restaurant. PRICE REDUCED TO $990,000!

email:swancity@telusplanet.net www.swancityrealty.com

100+ Site

MOBILE HOME & R.V. PARK

In booming community of Swift Current, showing a net return in excess of 10%+. Appraisal & Phase 1 completed in December, 2010. All City services. Highway frontage of approximately 900 lineal ft. to Trans Canada Highway, with full egress access road, and directly across from new mall & casino. Price Reduced to: $1.6 Million

table, Lg TV screen, kitchen facilities. Great Ma and Pa operation. Asking $550,000.

FOR MORE INFORMATION CALL OREST: 780-679-8353 FAX: 780-672-1897 CAMROSE, ALBERTA

(Previously $1.8 Million)

Mt. Sentinel Realty Ltd. W. Tymofievich (Water T.)

250-487-1585

mt.sentinel@shaw.ca

www.cwedm.com

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

780-420-1177

investment@cwedm.com

MULTI-FAMILY OPPORTUNITIES •14 units; twelve 2-bdms, northeast; new roof and windows •Judicial listing; 25 unit condo bldg.; 75% complete; excess land to dev. •3.83 acres prime dev. land in Windermere, SW Edmonton •Highrise site on Jasper Ave; 15,000 s.f. across from River Valley; improved with 2 apt. bldgs. (17 units) •Highrise site in Rutherford; 1.02 acres zoned for 105 units in dynamic area •Stony Plain development site; zoned apt. & attached homes •High density dev. sites & apt. opportunities in Wetaskiwin •Country Residential Development Site; 150 acres; near Alberta Beach/Lac St. Anne Apartment product is in demand! Please call for our opinion of value of your building!

CHRISTOPHER KAMPHIUS or RAPHAEL YAU multifamily@cwedm.com

COMMERCIAL CONDOS •3,000 – 9,000 sq. ft.; located at intersection of Fort Road, Wayne Gretsky Drive & Yellowhead; $130 per square foot CONTACT BURKE SMITH

burke.smith@cwedm.com

DEVELOPMENT OPPORTUNITIES +/- 3.84 ACRES: in SW Edmonton, Zoned IB (Industrial Business) ............................. $3,500,000 +/- 1.85 ACRES: in NE Edmonton on 50th Street ............................................. $2,250,000 +/- 13,068 SQ. FT. high density multi-family site ...................................................................... $850,000 +/- 0.31 ACRES: high visibilty location on 111 Avenue ....................................................... $610,000 CONTACT JEFF MCCAMMON OR DOUG BAUER

INVESTMENT SALES

SHERWOOD PARK LAND - $26,000,000 • 150 acre site along Broadmoor Blvd. • Area Structure Plan approved for Commercial and Industrial CONTACT IAN NEWMAN OR MIKE PARKER

FORMER WAL-MART - MEDICINE HAT • High profile redevelopment opportunity • 12.95 acres / 100,287 s.f. building • $8,950,000

CONTACT HOWARD MCCANN OR MARK MCCANN

FREE STANDING 65,700 SQ. FT. RETAIL BUILDING - GRANDE PRAIRIE • Located on 6.05 acres of land • Price Reduced • Great owner/user building

CONTACT DOUG FOGG OR DAVID COONEY

DUGGAN MALL - CAMROSE • ±65,136 sq. ft. separately titled dept. store anchoring a major enclosed shopping centre; asking $4 Million ($61.40/sq. ft.)

CONTACT JEFF McCAMMON OR DOUG BAUER

DEVELOPMENT LAND RIMBEY, ALBERTA • 20.64 acres development land • Residential & Highway commercial

CONTACT JEFF McCAMMON OR RAPHAEL YAU

DOWNTOWN EDMONTON DEVELOPMENT LAND • 37,500 square feet • Significant parking and signage income • Zoned HA - Heritage Area

CONTACT DOUG RAE

SPRUCE GROVE DEVELOPMENT LAND • Adjacent to Superstore and Home Depot • Parcels from 1 - 3.75 acres • Great owner/user land, join Mac's

CONTACT DOUG FOGG OR MARK MCCANN

FULLY LEASED OFFICE BUILDING INVESTMENT • Leased to very large multinational construction company • Net lease at a 7.30% cap • Asking $8,290,000 CONTACT JOHN CROFT

john.croft@cwedm.com

MULTI-FAMILY 100+ UNITS • Interior BC • 8.0 CAP • Located just off highway 1

CONTACT RAPHAEL YAU OR DOUG RAE

MULHURST BAY CROSSING DEVELOPMENT LAND • 132.4 acres on Pigeon Lake • Area Structure Plan approved • 207 dwelling units • 200 site R/V seasonal park • 10.28 acres commercial development site

CONTACT JEFF McCAMMON OR DOUG BAUER

14,707 SQ. FT. SHOWCASE WAREHOUSE • Argyll Road / Sherwood Park Freeway • Clear span warehouse; dock & grade loading • $2,690,000 PRICE REDUCED!

CONTACT JEFF McCAMMON OR DOUG BAUER

WINTERBURN INDUSTRIAL PARK

D L O S

• 8,000 sq. ft. building on 8.23 acres • New building constructed in 2008 • $336,783/annum net income • $3,950,000

CONTACT CHRIS SIEBEN OR ANDY HORVATH industrial@cwedm.com

FORT MCMURRAY • Former Fort Theatre • 36,400 sq. ft. site which includes a 14,500 sq. ft. building

CONTACT DOUG RAE OR BRETT KILLIPS

Alberta B25

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

"MCFSUB

Calgary cool to suite changes

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lberta’s largest city won’t have vastly relaxed rules for secondary suites. Calgary city council voted in March only to study the issue more and do more to accommodate new suites in neighbourhoods where they are already permitted. It had been considering relaxing rules to make it far easier to accommodate permitted suites in single-family neighbourhoods around post-secondary schools and close to LRT stations. The idea was championed by Mayor Naheed Nenshi to accommodate growth and a changing city, but the mayor, elected partly by a groundswell of young voter support back in October 2010, failed to convince the majority of council members that the time was right to hike densities through secondary suites. “I deliberately said, as did some of my colleagues, ‘Let’s go for the touchdown.’ Our council today decided they’d rather go for the first down,” Nenshi said following the vote. The reforms favoured by Nenshi had strong support with some groups, including the Calgary Chamber of Commerce, which supports the principle of suites in all residential neighbourhoods.

2010 total and 96 per cent of its 2009 total. But almost all of the 2011 permits is due to the long-awaited $29 million Multiplex project that will include everything from a new aquatic centre and public library to a climbing centre and multi-purpose space. Construction on the project started in late March, and is scheduled to be complete in fall 2012. As well, construction is also well underway on the long-delayed Canadian Tire store in Canmore. The Canadian Tire building will be a mixed-use project, and will include more affordable housing units. The town has also granted a development permit renewal for a delayed 52-unit townhouse project in March in the Three Sisters neighborhood. While such renewals have been more common than new permits since the market crashed in 2008, this renewal was followed by a building permit application, signaling that another project in the $15 million range is likely on the way sooner rather than later. Still, the town doesn’t expect a big leap in permit numbers in 2011, said planner Alaric Fish. Canmore’s building permit total hit a frenzied $220.6 million in 2007.

Housing prices fall in Calgary

C

algary residential real estate prices aren’t growing with the resurgent economy in 2011, according to the latest numbers from the Calgary Real Estate Board (CREB). According to CREB figures, the number of single-family home sales was up about 4 per cent in the first quarter of 2011, in comparison to the same period last year, but home prices were down slightly. The average single-family home price in the city was $462,947 for March 2011. That’s uilding permit numbers are looking a lot down 1.8 per cent from March 2010. The average condo price was also down about 1 per healthier these days in Alberta’s Rocky cent from the previous month, and would Mountain paradise, but they’re a little on have fallen further were it not for the unique the deceiving side. sale of a $4.1 million condo. The Town of Canmore approved building According to the CREB, the average condo permits for over $32.1 million in new conprice for March 2011 was $280,781, down struction for the first two months of 2011, bringing the resort town to 83 per cent of its about 5.5 per cent from a year earlier.

Public money now leads Canmore building permits

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n ongoing review of Banff’s land-use bylaw has come with a controversial recommendation from its review team: a “merit-based” system to dispense remaining commercial development allotments. There is also an emphasis on speed. Total commercial development in the national park town has long Banff’s remaining commercial space may be been capped, and a development allotted on merit – and speed. draw system for remaining space below the cap was introduced in the 1990s. Most of that space was allocated, but the Town of Banff still has allotments left to distribute, in part because some developers have let their allotments expire. Now the land-use bylaw review team is suggesting the traditional draw system should be phased out in favour of a merit system that would evaluate proposals on everything from the quality of architecture, urban design and streetscape to environmental performance and “green building” practices under an accredited regulatory system. Criteria for the merit system would also include how a proposed development would enhance Banff as an authentic mountain community and whether a project would commence within 12 months. Development allotments have been good for five years in the past, and have sat unused at times based on market conditions. “The review team believes that the current system, which allocates floor space using a lottery, does not do an adequate job of leveraging community goals and objectives. For this reason, the review team is recommending a transition to a merit-based system, which requires applicants to illustrate how new commercialdevelopment will help implement the Banff Community Plan,” the review team declared on the town’s website. The proposed merit system has drawn some opposition, including from the town’s hotel/ motel association, whose membership includes businesses interested in new allotments. Photo: Pencom

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Green cash greases Edmonton’s LRT

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dmonton’s light-rail transit (LRT) enjoyed a big boost in early April from the provincial government, which announced the first allocation of its Green Transit Incentives Program (GreenTRIP) cash. The government will support the city’s plan to extend its existing LRT system from the downtown Churchill Station to Grant MacEwan University and then on to the NAIT campus through $497 million in capital funding. The next stop on the line beyond

FANTASTIC OPPORTUNITIES 11 ROOM HOTEL: FANTASTIC RETURN!! Living quarters. Dining Room & Lounge . .................................................... $485,000 IGA GROCERY: Over 8000 sq. ft. Terrific Business serving Community and area. ..................................................... $995,000

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

26 ROOM MOTEL: SW Saskatchewan. Good Return! Living Quarters. ................... $1.44M

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COMMERCIAL LAND: 1.9 Acres. Highway exposure. Oyen, AB. ..................... $120,000

Single and multi-family residential developments

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Commercial, industrial and retail developments

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Refinancing / acquisitions

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Construction / land servicing

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Bridge loans

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Income producing properties

RESTAURANT: Well Established!! High Traffic location........................................$239,000. MOTEL: 27 Unit Motel in Central Alberta. Living Quarters. ........................... $995,000. 30 UNIT MOTEL: Living Quarters. High Occupancy. ......................................$1.15M 9 ROOM HOTEL: Active Community. Living quarters. 1120 sq. ft. additional retail space. ..................................................... $195,000 BUILDING & EQUIPMENT: Previous grocery store with coolers, freezers, fridges, etc. ....................................................... $30,000 CALL LAVERN

KUNDERT

Associate Broker: Medicine Hat, AB Toll Free: 1-866-776-3434 Cell: (403) 502-3000

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

NAIT would be the city centre airport lands, which are envisioned for major higher-density redevelopment. The LRT stations are already being eyed as high-density residenial anchors, according to city planners. The $2 billion GreenTRIP program provides one-time capital funding that will support new and expanded public transit throughout Alberta. Ironically, while the provincial government was announcing LRT funding for Edmonton in the middle of a federal election, Conservative MPs in Calgary were being quoted in the media as criticizing that city’s lack of progress on a southeast LRT line – even though it lacks federal funding.◆ – Compiled by Dave Husdal

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

Contact: Frank Hickey

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

B26 Alberta

www.westerninvestor.com JUNE 2011WESTERN INVESTOR

YOUR ADVANTAGE IN

ALBERTA

FIRST CLASS HOTEL IN GREAT CITY •Asking: $27.5M, •Revenue is about $6M •Premium 176 guest rooms & suites wrapped around 1acre garden court yard •8 meeting rooms/Banquet facility •Lounge and leased out restaurant & spa on 5 acres of land SHOPPING PLAZA, HOTEL IN BIG CITY •Asking: $14.9M •REV:$2.3M: Hotel: $1,110,695; Rental: $513,253; Others: $669,734 •48 oversized rooms plus 20 tenants and other big revenue income source •Located in big city downtown core with 4.9 acres of land and 102,000 sq. ft. building. FRANCHISE MOTEL NEAR CALGARY •Asking: $13.4M, •103 room, 4 storey •Revenue: $2.3M •High visibility from hwy. •Business is picking up & the best location with just 2 years old and growing MONEY MAKING FRANCHISE MOTEL •Asking: $9.8M •REV: $3,158,106 •3 yrs old, very busy location •Limited Service, 85 Rooms, located in very busy city LIMITED SERVICE FRANCHISE MOTEL •Asking $7.6M •3 years old, 4 storey, 60 rooms •Swimming Pool w/water slide •Situated with excellent exposure in big city, AB FRANCHISE MOTEL IN CENTRAL AB. •Asking: $7.29M, •2.35 Acres •2 yrs old, 66 rooms with swimming pool FRANCHISE MOTEL WITH LEASED RESTAURANT & RENTAL PROPERTY •Asking: $7M •NOI: $837,000 •REV: $3,185,500 •42 rooms •Lounge and Liquor Store with Leased Restaurant & others FRANCHISE MOTEL •Asking: $5.99M •81 rooms •Located steady growth town with over 10,000 Population FRANCHISE MOTEL NEAR CALGARY •Asking: $5M, •41 room w/ leased Boston Pizza •1.5 Acres, ready to add 20 rooms. FRANCHISE MOTEL IN SOUTHERN ALBERTA •Asking: $4.99M •REV: $1,124,570 •Revenue is very steady past few years during recession •48 rooms with client base from Provincial & Federal employees, tourists and oil, gas & agriculture. MOTEL IN B.C. •Asking: $5.09M •REV: $1,373,000 •81 Rooms w/Leased Restaurant & Lounge •Waterslide, Sauna, Pool •Located Trans Canada highway with amazing view •Can be converted as franchise Motel HOTEL WITH RESTAURANT & LOUNGE •Asking: $4.99M •Located in very busy Oil, Gas, Forest & Tourism in AB •62 Rooms, 100 seat Restaurant, 110 seat Lounge, 9 VLT's MOTEL WITH RV PARK •Asking: $1.57M •42 rooms, 3.89 Acres. •17 RV Site, 5 bedroom Managers suite TRUCK STOP & RETAIL SPACE IN CALGARY •Asking: $13.5M •Travel facility comprising 45,700 sq ft on a 16.6 Acre site, provides for future re-development •Strong sales with long history and 19 tenants including national brand name CAR WASH NEAR CALGARY •Asking: $3.89M •Revenue: $700,000 •7 bay and 1 auto. •Year: 2004. VERY BUSY CAR WASH •Asking: $3.49M •Revenue: $1.1M •8 Wand, 2 Auto, 1 RV Bay VERY PROFITABLE GAS BAR & C-STORE •Asking: $3.19M •Revenue: $5,394,767 •Gross Margin: $808,110 •NOI: $480,000 •Do Not miss this great business located in a very busy town GAS BAR WITH CAR WASH IN GREAT CITY •Asking: $1.67M •Revenue: $3,303,344, NOI: $260,000 •Fibreglass tank, 7 Bay coin and 1 Touchless Car Wash •10,000 sq ft building located on Trans Canada Hwy in Booming City! •Well settled station in great town. RV SALES PROPERTY •Asking: $1.45M •Triple Net: $108,000, 5 year and 5 year option •4.23 Acres of Hwy commercial land with 7200 sq ft building •Located surrounding development area in central AB

CURRENT OFFERINGS • A Superb 103 Room Limited Service Hotel, featuring a number of unique features, no differed maintenance, plus excellent curb appeal and exposure, well located in a region of tremendous economic diversity that should provide a significant degree of operational upside going forward. Asking $13,000,000. • A Flagged 102 Room Full Service Hotel well located in a prime commercial area of a dynamic city, the stellar performance of its operation is attested to by its continuous outstanding growth in revenues, plus substantial up-side potential. Asking $12,900,000.

Promote your business, investment opportunity, city or town!

• A Flagged 95 Room Limited Service Hotel consisting of a variety of suites, well located with highway exposure and surrounded by a substantial number of conveniences, continued superb revenue performances that yield substantial N.O.I. that ultimately result in excellent return on equity and investment. Asking $13,900,000.

Editorial focus exclusively on Alberta, Saskatchewan and Manitoba

• A Flagged 96 Room Hotel featuring an excellent room/suite mix, plus some unique outstanding features that will undoubtedly Enhance its performance going forward, very good financing is in place, the location is great, the up-side potential is very good. Asking $15,500,000.

•Special Rates include Full Color! •Reserve your space by July 11, 2011

• A Flagged Full Service Hotel, well located with highway exposure in a very diverse economic area, attested to by its continuously strong revenue performances; further, it currently has exceptionally good mortgage financing that may be assumed. The up-side potential of an investment is this Hotel is very good. Asking $30,000,000. • 4.6 Acres of Vacant Prime Commercial Land available for immediate Development in a most sought after location with main artery exposure and very high daily vehicle traffic count, priced for immediate sale at an asking price of $4,100,000.

Call 1-888-606-6267 or 1-800-661-6988 pdouglas@westerninvestor.com or advertise@westerninvestor.com

• Located in a very popular Ski Resort ANew Deluxe 2 - Bedroom Condo consisting of 2 bathrooms, fireplace, cable among the many other superb Features, plus the many amenities such as swimming pool, sauna, fitness center, indoor parking to name a few within the Building Complex. Immediate possession available, a great buy with cash to an existing mortgage of $330,000 more or less, at the Asking Price of $499,000.

1-800-661-6988

MAXWELL

SOUTH STAR REALTY • www.leechoonho.com

www.westerninvestor.com

FRANCIS LEE, Associate Broker IC & I Full Commercial Member • Manager Business & Investment Div

For More Details

Tel: 403-253-5678

Email: choonholee@hotmail.com #20, 8180 Macleod Tr. South, Calgary

For Sale: Prominent Suburban Calgary Office and Retail Properties

For more information on these properties, please contact:

James Miller Principal 403.232.4331

Village Square Mall

Willow Park Centre

2640 - 52nd Street NE

10325 Bonaventure Drive SE

Village Square Mall Investment Highlights

Willow Park Centre Investment Highlights

t 56,500 square foot retail centre t Prominent exposure along major traffic corridor t Predominantly leased to high credit tenants on a long term basis t Site provides for additional pad density along 52nd Street t Shadow anchored by a Co-op grocery store and gas bar t Almost 100% leased to a well established tenant roster including strong bank and medical uses t Located in an institutional node of Calgary adjacent to one of Calgary’s largest recreation facilities, the Village Square Leisure Centre

t 77,300 square foot office and retail property t 100% leased to a complimentary mix of national, regional and local tenants t 70% of the office is leased to a government entity t Ample client and tenant surface parking t Great exposure to Macleod Trail t 30% of leasable area is main floor retail t Located in an affluent area of Calgary along a major commercial corridor t All conceivable amenities within the immediate vicinity t Located along a major public transportation route between two LRT Stations (Southland and Anderson)

LESTER B. PEARSON SENIOR HIGH SCHOOL

james.miller@avisonyoung.com

Walsh Mannas Associate 403.232.4381 walsh.mannas@avisonyoung.com

26th

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VILLAGE SQUARE LEISURE CENTRE

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Co-op Grocery Store

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Saskatchewan B27

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

SASKATOON

Accelerating success. FOR SALE

FOR SALE

6.37-acre site with 42,570 SF shopping centre • Tenants include: Canada Post, RBC, Provincial Liquor Store, Co-op, Drugstore and Lanigan Library • List Price: $2,575,000 Excl. •

Lothar Josephs 306 222 8744 lothar.josephs@colliers.com

•

Gary Compton 306 260 6975 gary.compton@colliers.com

39.053 SF with 6,600 SF office and 11,440 SF Cover-All • List Price:$5,360,000 incl. equip. $4,300,000 excl. equip. MLS®

3530 KINNEAR AVE SASKATOON 2.36 acres adjacent to Silverwood Golf Course • IL3 zoning (light industrial business) • List Price: $826,000 MLS®

GRASSWOOD LAND SASKATOON

3.26 acres and 5.5 acres DC1 zoning • List Price: 3.26 acres $ 815,000 5.5 acres $1,695,000* Ken Suchan Kevin Johnson (*includes RV storage bus.) 306 221 1825 306 281 9929 MLS® ken.suchan@colliers.com kevin.johnson@colliers.com

•

363,520 SF floorplate on 13.774 acres Ideal for distribution, warehousing and/or mfg. with high ceilings, freezer, cooler and warehouse • List Price: $15,900,000 Excl. •

FOR SALE

FOR SALE

240-103RD STREET E SASKATOON

302 MELVILLE STREET SASKATOON

CARLTON TRAIL SHOPPING CENTRE LANIGAN

FOR SALE

Jason Wionzek 306 227 2408 jason.wionzek@colliers.com

•

• •

* Ken Suchan (Ken Suchan Realty Inc.) has a contractual relationship with Colliers McClocklin Real Estate Corp.

Colliers McClocklin Real Estate Corp. / 306 664 4433 / www.colliers.com/saskatoon

Each office is independently owned and operated.

COMMERCIAL/ PROPERTY IN HUMBOLDT AND AREA 611 Main St HUMBOLDT

Approx 5900 sq. ft. with 12' walls & full basement.

$179,000

MLS# 396205

8th Ave

210 HUMBOLDT

MLS# 377247 8,400 sq. ft. steel building.

$425,000

740 - 2nd St HUMBOLDT Large Industrial / Commercial property.

MLS# 396138

4.11 Acres, Zoned R2.

$425,000 8.09 Acres HUMBOLDT

3.04 Acres - Zoned R3.

North Edge of City.

MLS# 385840

$379,900 160 Acres abutting City of HUMBOLDT

$1,300,000

Exclusive

813 - 7th Ave HUMBOLDT

MLS# 375880

Parking lot with an excellent location..

3 Doepker Ave ANNAHEIM HOTEL $295,000

$1,133,000

340 - 4th Ave HUMBOLDT

$299,900

$59,000

DEVELOPMENT LAND – ESTEVAN 153 acres in city limits, across from hospital and near city highway entrance. Boom town continues to grow!

MLS#377237

5th Avenue HUMBOLDT

MLS# 392056

GROWING PAINS CAN BE GOOD ... OPPORTUNITY IS HERE & YOU SHOULD BE TOO!

MLS# 393107

807 - 811 17th St HUMBOLDT MLS# 395164

Hair & Esthetic Salon Business.

MLS# 393189

$50,000

P.O./SEARS/ LIQUOROUTLET

10 ACRES DEVELOPMENT LAND – WEYBURN Thriving oil city has limited supply of developed residential land and increasing demand, ready to go. Act now! BUMPER TO BUMPER AG & AUTO Located one hour from Regina on major highway in the heart of thriving gas and oil country, owner is retiring. This all-inclusive operation shows great returns and is a must see. Training included!

FOR MORE INFORMATION PLEASE CONTACT:

Mack MacDonald RE/MAX Crown Real Estate Ltd., Commercial Division

306-539-6806 macdoma@accesscomm.ca

$149,000

ZIMMER SERVICE

110 - 1st St S MIDDLE LAKE MLS# 398311

30 BED NURSING HOME – OIL CITY Well established with possible room for further expansion. Call/email for full details.

AUTOMOTIVE AND TRUCK SERVICE REPAIR BUSINESS AND BUILDING - REGINA Owner is retiring, profitable business. Opportunity knocks with fully equipped operation and experienced staff.

209 Centre St MIDDLE LAKE HOTEL

FORMER HOME HARDWARE - ESTEVAN 8,000 sq. ft. building with two large lots in the heart of downtown - immediate occupancy, priced to sell, open to offers. Ideal for multiple uses. Don't overlook this one!

$195,000

FOR LEASE: Excellent Location – 639 Main St. Humboldt OFFICE SPACE, SHOP, WASH BAY MLS#'s 389339, 389341, 389342, 389340

Contact RE/MAX Saskatoon – Humboldt Office (306)682-5061 for DETAILS on these PROPERTIES!

MLS® 380442 5th generation restaurant in town of Eastend, SK (home of Scotty the T-Rex) showing good return. MLS® 382187 Former tire shop on 4 lots in rich gas/oil area of Shaunavon, SK MLS® 381361 Recreation property – immaculate 2 + 2 bedroom cottage at Palliser Regional Park on gorgeous Lake Diefenbaker, SK MLS® 397619 44 acre sour cherry orchard located in village of Shackleton, SK. Approx 4000 trees. Tons of potential. MLS® 380917 2 bedroom cottage at Beaver Flats Resort on Diefenbaker Lake, SK. 40 min from Swift Current. MLS® 394643 9 quarters of farmland in RM of Waverly. 1 ½ mi from Glentworth, SK MLS® 388894 3 bay car + 1 double bay truck wash in city of Swift Current. Also includes bottled water plant. MLS® 391031 Hotel with 60 seat restaurant, 120 seat bar and 32 rooms in town of Cabri, SK MLS® 392270 Thriving 112 seat restaurant in town of Gull Lake, SK. It is the only banquet/meeting room in the town. MLS® 389062 Turnkey butcher business in quaint town of Gravelboug, SK MLS® 398419 For sale or lease, 11,520 sq.ft. bldg with warehouse + 2 offices RE/MAX of Swift Current

1-888-778-3933 www.remax-swiftcurrent-sk.com

Attention

☞

Agents:

REACH QUALIFIED BUYERS FOR YOUR LISTINGS

☞

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

Each office is independently owned and operated.

B28 Saskatchewan

www.westerninvestor.com JUNE 2011WESTERN INVESTOR

says Regina and Saskatoon have the largest number of online help-wanted ads per unemployed individual among the largest metro areas. Together with their overall very low unemployment rates, this indicates that job prospects in the wheat province’s two largest cities are second to none. Outside of Saskatchewan, Quebec City had the third-strongest job market in Canada, consistent with its very low (5.2 per cent) outh Saskatchewan will see a net benefit unemployment rate. Although the unemin jobs and investment due to the devel- ployment rates in Edmonton (5.8 per cent) and Calgary (6.3 per cent) are higher than opment of the Global Transportation Hub, in Saskatchewan, these metro areas ranked according to Avison Young. The 2,000-acre Hub, located west of Regina, fourth and fifth in terms of job market strength based on number of help-wanted ads will “ensure Saskatchewan becomes a major player in the Asia-Pacific market and Western per unemployed individual. In an address to the Saskatchewan Real Canadaâ€?, the real estate company stated in its most recent look at North American commer- Estate Forum last month, Mario Lefebvre of the Conference Board of Canada said cial real estate. The hub opened last December with a one- Saskatoon’s jobless rate could fall as low as million-square-foot Loblaws distribution cen- 4.4 per cent over the next five years. tre. At least two more firms have committed to space and it is expected half a dozen more will sign up over the next 18 months, Avison Young states. Construction of phase two of the Global Transportation Hub is expected to complete this December. The project includes new CP Rail yards, which relocated from uilding permits totalled $37 million downtown Regina, and improved highways. in April, down from $50.3 million for According to the Fraser Institute, the same period last year, according to the Saskatchewan’s international exports monthly building permit report from the increased 18.5 per cent last year and are City of Regina. poised to see considerable growth over the But permit values for the year to date are next decade. The institute notes that the still well ahead of last year’s pace at $220 milprovince holds 47 per cent of all the agricullion versus $151.6 million for the first four tural land in Canada, 82 per cent of global months of 2010. uranium reserves and 50 per cent of all the The biggest recent building permit issued world’s potash reserves. was to WestRidge Construction Ltd. for a new school, valued at $16.1 million. Several permits for more than $1 million were issued for condominium developments, retail space and the refinery expansion at Consumers’ Co-operative Refineries Ltd. The City of Regina issued 218 single-family dwelling permits valued at $34.4 million in the first four months, compared with 169 permits for $29 million during the same period ased on the Conference Board of last year. Canada’s most recent Metro HelpTotal building permits issued for the month Wanted Index and the latest Statistics Canada Labour Force Survey, Saskatchewan were 217 versus 218 for April 2010, while total permits for the year to date were 747 is home to the two hottest labour marversus 700 for the first four months of 2010.â—† kets in the country. The Conference Board 8)"5¤4 )"11&/*/( */

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limate changes combined with rising food prices are delivering higher prices and a brighter future for Prairie farmers, according to two studies. Stanford University researcher David Lobell concludes in a paper in the prestigious journal Science that climate change has already begun to slow harvest growth rates almost everywhere Saskatchewan farmers will benefit from in the world, except in the United global economic and weather patterns. States and Canada. “In some sense, Canada has gained relative to a lot of other countries because Canada has not seen significant trends so far and other countries have, on average, been hurt by climate change, which has driven up prices,� Lobell said. He and his co-authors asked a simple question: how has the average increase in global temperatures of .13 C per decade since 1950 affected yields of wheat, corn, rice and soybeans? Those crops account for about 75 per cent of the world’s calories. Analysis showed that two-thirds of countries in the world have already experienced statistically significant temperature increases for corn and rice cropland. Three-quarters of the world’s wheat lands and about half its soybean acreage have experienced similar warming. The worst affected countries include those in eastern Europe, Russia, Turkey, Mexico and China. Canada and the U.S. had little temperature shift, so there’s been little effect on crops. The net result of climate change has been slightly good for rice and soybeans and slightly bad for wheat and corn. Because wheat and corn account for a greater proportion of the world’s food supply, the overall effect is negative, the study concludes. “Production is still going up for almost every region in every crop,� Lobell said. The paper calculates that about 6.4 per cent of global price increases for agricultural commodities are due to climate change. Because Canadian yield gains aren’t being slowed yet, Canadian farmers get to reap the benefits without paying the price. “Canadian farmers are probably a little bit better off than they would have been without climate change,� Lobell said. “That doesn’t in any way say that that will continue, but it does point to the fact that there are winners and losers in any situation where you’re affecting agriculture differentially across the world.� Meanwhile, BMO Economics is forecasting that Canada’s agricultural sector will grow 3.5 to 4 per cent this year after two years of negative growth, thanks largely to the global economic recovery. Demand from emerging market economies, like China and India, is helping drive commodity prices to two-and three-year highs, the study found. Biofuels production is also rising, which is increasing the price of wheat, corn and canola, used as feedstock for biofuels. The livestock sector should also see a rebound in 2011, after suffering from disease issues and trade restrictions since 2003 and a global recession in 2009. Despite the challenges of recent record Prairie flooding and higher input prices, the effect of improved demand and expected increases in production should make 2011 a good year for most Canadian farmers, BMO concludes.

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Regina “hub� will feed export sales

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Saskatoon

PRAIRIE DEALS GREAT IMMIGRANT FAMILY OPPORTUNITY! •24 UNIT MOTEL - w/ INTERIOR HALLWAYS & OWN ENTRANCE FROM FRONT DOOR •NEAR NATIONAL PARK - HOTEL, OFFSALE, RESTAURANT, POOL, - OWNERS RETIRING! •MANITOBA HIWAY LOCATION •ASKING $750,000 •ON "LOOPNET" MOTELS - BONNEYVILLE, AB: Great Oil Town! 24 units + Manager's suite. Asking $1.2M MOTELS - COMING SOON! Call Us Today, 3 Units in SASK. WATCH FOR THEM HERE! 3.25 ACRES - Industrial lot - $499,000. Motivated Seller! 80 + APARTMENT COMPLEX - 8% CAP CALL FOR DETAILS! MOOSE JAW, SK - 3 Suite / Close to SIAST - $325,000 BUILDING IN REGINA, SK 1759 Halifax - 2 Storeys, 5550 sq ft - $424,000 FORT QU'APPELLE, SK - 120 & 102 Broadway Street. Total 9,860 sq. ft. Buy as a package. Multi tenant Income producing! Asking Price is $165,000 and $275,000 240 FRONT FEET DEWDNEY AVENUE - Car Lot! Asking $590,000 - CONDITIONAL SALE! WAREHOUSE/CONDO BAY - FOR SALE: New construction, Starting $295,500 - 1500 sq. ft. +. GRAVELBOURG - 19 room Bed & Breakfast. REDUCED - $199,900. On 2.39 acres - MUST SELL! - All Offers Considered. INDIAN HEAD - 8 Unit apartment - $250,000. CONDITIONAL SALE! BRANDON: 62 rooms, REDUCED $2.9M WANTED: Apartments Strip Malls, Hotels/Motels, Parking Lots. ALL LOCATIONS

Ajit Matharu • 306-581-3130 Email: ajitregina@gmail.com

For more information please contact:

Charmaine Luscombe • 306-535-3948

www.therealtyconsultant.ca

HOMELIFE CRAWFORD REALTY www.DreamTeamSK.com

Slade Desrochers 306-222-9992

Email: charmaine.luscombe@gmail.com

B29

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

SPOTLIGHT The heart of Saskatchewan’s Iron Triangle is forged from strength of a diversified economy

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minium, eight-unit townhouse development that was completed in 2010. The developer of the latter has plans fo r another residential development similar in size.

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WESTERN INVESTOR ocated 100 kilometres to the east of Saskatoon and known as the heart of Saskatchewan’s Iron Triangle, Humboldt is showing few signs of rust.

The city’s chamber of commerce has seen its membership grow 70 per cent to nearly 200 businesses in the last 2.5 years. The Iron Triangle moniker reflects the area’s strong manufacturing base, which is anchored by long-time tenants that including metal fabricator Commercial Industrial Manufacturing Ltd. in Humboldt, semi-trailer-makerDoepker Industries Ltd. to the northeast and Michel’s Industries Ltd., which makes truck tarps, to the east. There’s also optimism about the potential economic spinoffs of a new potash mine near the town of Jansen, which is 65 kilometres southeast of Humboldt. The mine is still in its early stages of development but its developer, Australian mining firm BHP Billiton, appears increasingly committed to the project. As well, 30 per cent of the employees at an

Photo: City of Humboldt

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New, large-chain stores threaten downtown retail.

existing potash mine located 50 kilometres from Humboldt live in the city. “There is not one industry that is driving growth,” said DonnaLyn Thorsteinson, executive director of the Humboldt and District Chamber of Commerce. “Our diversity has contributed to our success.” Despite the diversity, Humboldt is feeling some growing pains related to the provincewide boom. “Two years ago, when people discovered Saskatchewan, we had so many people from Alberta and B.C. unloading their property there and coming here,” said Al Gaetz, associate broker at the Re/Max Humboldt office. “They

Population 5,940 Population within 50 km 15,331 2010 res. building permits $19.4 million 2009 res. building permits $7.2 million Potential Potash industry, manufacturing growth

#JH CSBOET

came in and would buy a $150,000 home here similar to the one they sold in Alberta or B.C. for $300,000. That just drove our prices up unbelievably within a year or so.” And residential real estate prices have remained hung up at inflated levels, said Gaetz, although he expects things will level out in the coming years. “I do believe that a lot of people have purchased houses that are way over their heads.” Although the volume of new housing starts in the city declined in 2010 after reaching record highs in the three previous years, the total value of residential building permits peaked in 2010. Notable residential developments in the city include a 100-unit assisted living complex for seniors that opened this year and a 22-condo-

Thorsteinson is welcoming of new businesses that are opening in a new retail district on the western outskirts of the city. Canadian Tire, Mark’s Work Wearhouse, Tim Horton’s and a new hotel have recently opened there, with additional businesses expected to follow. But Thorsteinson noted that with the big-box stores arriving on the outskirts of the city, the chamber is now exploring ways to ensure that downtown Humboldt remains vibrant. Downtown has also been hollowed ou t somewhat by the relocation of health-related government services to the city’s new hospital, and by the recent closure of a True-Value Hardware. And the town’s main shopping mall has been plagued by high vacancy rates for some time. The chamber is working with a graduate student from the University of Saskatchewan’s business school to identify ways that existing businesses can expand and ways to attract new businesses to the city.◆

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View these MLS® listings on my website www.SaskLand4Sale.com

INVESTMENT OPPORTUNITY 4815 50th Street, Lloydminster, SK Saskatchewan Centre Recently renewed Government Tenant Land Size: 23,522 sq. ft. Building Size: 27,415 sq. ft. Sale Price: $4.5 million Contact: Phill Elenko

ADAM NIESNER REALTY (1991) LTD Commercial Properties Regina Area LUMSDEN Commercial building. 9447 sq. ft. fully leased. 10 minutes from Regina. Main street location. Includes 1655 sq. ft. warehouse type condo on top floor. Very unique! 'DAIRY BARN' At Indian Head. Turn Key summer - fast food outlet. Package includes 10 acres: 4 separate lots zoned commercial. Highway frontage. Asking $375,000. VICTORIA AVE EAST REGINA 2 acres prime Development land. Zoned commercial. Asking $1,950,000. GLOBAL TRANSPORATION HUB Pinkie Road & Dewdney Avenue area. Prime Locations. PENSE Between Global Hub and Bell Plaine Potash Mine. 3 COMMERCIAL LOTS. 85 ft. x 156 ft. multi family residential development or business

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LINDA BOXALL 306.536.1489 Website: www.lindaboxall.com

INVESTMENT OPPORTUNITY 2020 Quebec Avenue, Saskatoon, SK Land Size: 16,553 sq. ft. Building Size: 8,530 sq. ft. Sale Price: $895,000.00 Contact: Jayson Elenko and John Kachur

ICR Commercial Real Estate icrsaskatoon.com ME

NT

• Northern Saskatchewan's only coffee roastery! • Located in Prince Albert, Saskatchewan’s Hot Spot for development • Upscale internet café with Drive Thru! • Wholesale opportunities • 5 & 10 year lease options available www.greatwesterncoffee.ca • Busy 15th Street East location close to Superstore Contact Rita Busch at & Cornerstone big-box shopping harbour@sasktel.net or 306-425-7766 • Training can be arranged • Information package available

FOR SALE ON

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INVESTMENT OPPORTUNITY Westgate Plaza, 2410 22nd Street West, Saskatoon, SK Land Size: 5.1 Acres Leasable Space: 63,101 sq. ft. Sale Price: $14,500,000.00 Contact: Jim Woytuik

Downtown office: 306.664.6116

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INVESTMENT OPPORTUNITY C-STORE/VIDEOS/GAS LOCATED ON MAIN ENTRANCE INTO NIPAWIN, SK Land Size: 39,000 sq. ft. Building Size: 1,471 sq. ft. Sale Price: $400,000.00 Contact: Eugene Hritzuk

North office: 306.933.2929

“Saskatchewan’s largest commercial real estate company”

B30

www.westerninvestor.com JUNE 2011WESTERN INVESTOR

REGIONAL ROUNDUP Portage La Prairie horizon brightens with movies, manufacturing and immigration

1PSUBHF BV BWFOJS GEOFF KIRBYSON WESTERN INVESTOR

The southern Manitoba city of 13,000 has broken into the movie business. A year ago, “Goon,� a Hollywood comedy production about a minor league hockey pugilist starring Seann William Scott and Eugene Levy was shot there. And this June, crews for “Keep Your Head Up Kid,� the second instalment in the Don Cherry story, will arrive with cameras in tow. But the real star of both productions is the PCU Centre, the $44-million, state-of-the-art hockey facility that opened recently. “We’re getting rave reviews about it,� said Earl Porter, who was elected mayor last fall. “Renting ice in Toronto costs $400 an hour; we’re a lot cheaper. Even compared to Winnipeg we’re quite a bit cheaper. We have to make some changes to the PCU Centre [for the Cherry movie] to make it look old school.� In addition to the ice rental, the city benefits from a number of spin-offs from the movie business, including hotel stays, restaurant meals and other spending by the actors and crew. Locals selected to play extras in the stands get a per diem, too. Goon was worth at least $250,000 to Portage, Porter said, but the PCU Centre itself has the potential to be worth much more to the city. In addition to co-hosting the under-18 World Hockey Championships last year, Porter said the rink will enable Portage to bid on other major hockey events in the future. The mayor said he’d like to see the city expand into the trade-show business, too. He said its location, situated almost equidistant between Winnipeg and Brandon, is ideal to host events showcasing agricultural products and farm equipment.

(TOP) The new $44 million PCU Centre is the site of two hockey movies, including Don Cherry’s “Keep Your Head Up Kid,� which begins shooting this summer. (TOP RIGHT) Excellent parks and recreation facilities – and jobs – attract families from Canada and abroad to the southern Manitoba city. (RIGHT) McCain Foods is one of several large agri-business employers.

Local officials are optimistic more permanent development is on the way, too. “At this point we have more in the pipeline for economic development than we typically would have. Hopefully, we’ll have a couple of larger announcements to make in the next couple of months,� said Dale Lyle, city manager for Portage la Prairie. Portage is perhaps best known for the potato-processing facilities of McCain Foods and Simplot Canada, which are also two of the region’s biggest employers. (The two provide french fries for McDonalds, Wendy’s and other fast-food chains.) Can-Oat Milling, one of the largest oat mills in the world, also has a plant in the municipality. Big-name retail arrivals in recent years include Wal-Mart, Canadian Tire and Canada Safeway.

Photos: City of Portage La Prairie

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palities. “If you cluster together on a regional basis, now all of a sudden you’ve got a lot of resources that you can draw on for the entire region,â€? he said. Keith said the benefits from the tax-sharing *OEVTUSJBM QVTI agreement are largely why Simplot decided Much of the region’s success in attracting new to double its potato production in the Poplar development has been attributed to the tax Bluff industrial park just outside of Portage la revenue-sharing partnership between Portage Prairie. la Prairie and surrounding municipalities. If a company sets up shop in Portage la Prairie, the 4FMMFST¤ NBSLFU city gets 60 per cent of the resulting tax revenue It is a sellers’ market in housing, notedRhonda with 40 per cent going to the municipality. If Lodwick. The president of the Portage la the company builds in the municipality, the Prairie Real Estate Board and the owner of revenue split is reversed. Century 21 Andrich Realty said there’s a “Years ago, one of the biggest challeng- shortage of properties, especially bunglaows es was the fact that municipalities on their in the $100,000 to $150,000 range. own often didn’t have the services and other Some of that demand is coming from immithings needed for industries and businesses to gration. About 130 immigrants arrived last year develop,â€? said Ken Keith, general manager and Porter is hoping to increase that number in of Central Plaines Inc., a regional develop- 2011 with workers from Ukraine, Germany and ment corporation owned by 11 area munici- Kazakhstan.â—†

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NOW SELLING! MANITOBA OPPORTUNITIES VERY ATTRACTIVE BUSINESS OPPORTUNITY • Located in Riding Mountain National Park • 22 rental bungalows plus large owner’s cottage • Very well established second generation owners www.thunderbirdbungalows.com 11 UNIT APARTMENT CONDO CONVERSION • All mechanical updated - renovations completed June 2010. • High quality ďŹ nish throughout, very appealing apartments. • Condos leased - ATTRACTIVE CAP RATE

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DON'T MISS THESE MANITOBA MARVELS!

GOLF COURSE / LAND BEAR COUNTRY COTTAGES, 7 newly constructed luxurious 2 and 3 bedroom cabins designed to pamper couples, accommodate a family of eight or small groups. Each cabin has hot tub, steam showers, home theatre system w/ surround sound, a full kitchen. Site also includes a seasonal takeout pizza restaurant, children’s playground and ofďŹ ce. One hour drive north of Winnipeg on 35 acres of private forested land. $850,000 Melodie

Amazing Opportunities! FLOWER SHOP: Well established business, 20 years plus in same location, owner retiring HOTEL: Good business, 1 hour from Winnipeg, living quarters. Price: $275,000 GROCERY STORE: Million dollar sale! Room to grow & expand. Price: $369,000 MOTEL: 14 rooms plus living quarters. Steady business Owner motivated to sell MOTEL: 54 rooms, totally renovated, with large living quarters. Good business. Price: $2,250,000

CHICKEN CHEF FRANCHISE, Thriving Turnkey Restaurant Franchise includes 5096 sq ft building, all equipment, inventory, goodwill and franchise in Pine Falls/Powerview. Seating for 64. Second half of building set up as a conference/meeting room but could be used as second restaurant. $399,900 Shanna Karle

ATEAH REALTY LTD MELODIE ATEAH BROKER/OWNER

Century-21 Westman.com Brandon, MB

Direct Line: 204-729-5074

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1-866-755-5406

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Development Opportunity

s ,OCATED JUST %AST OF 7INNIPEG -ANITOBA ON (WY s 4OTAL OF PRISTINE ACRES s HOLE GOLF COURSE s ,AND AND GOLF COURSE CAN BE PURCHASED TOGETHER OR SEPARATELY s 5P TO ACRES OF RESIDENTIALLY ZONED LAND s 0ROPOSED DEVELOPMENT PLAN AVAILABLE s )DEAL FOR A MOBILE HOME 26 PARK #ONTACT $AVE "ERGMAN 204-229-5136 DAVIDBERGMAN REMAX NET WWW THECOMMERCIALTEAM CA

Franchises B31

WESTERN INVESTOR JUNE 2011 www.westerninvestor.com

Menchie’s plans 33 stores in Western Canada

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enchie’s, a fast-growing self-serve frozen yogurt chain, has signed a development agreement to open 33 Menchie’s franchises in British Columbia and Alberta over the next five years. The deal was entered into between Yogurtworld Franchising Corp., the master franchisor of Menchie’s in Canada, andEmpire West Investments Ltd., a Calgary company. Empire West Investments is primarily comprised of Marc Staniloff, Al Morrison, Tom and Caitlin Wood and Cory Edwards, president of Empire West. Empire West anticipates that it will open its first three stores in British Columbia over the next three months. They have found several sites of interest and are currently negotiating leases for those sites, according to Edwards.. Menchie’s has nearly 70 locations open internationally with two stores in Canada. A Menchie’s franchise requires a total investment of from $340,000 to $400,000, including a franchise fee of $40,000 and a royalty fee.

chise for 2011 by the CFA. Founded in 1991, U.S.-based CertaPro operates 22 locations throughout Canada with the goal of expanding to 30 locations within the next two years. Targeted areas for expansion include Edmonton and Calgary. A CentraPro Painters franchise requires a total investment of $129,000 to $154,000, including a franchise fee of $40,000, good for 10 years.

Target faces name battle

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anadian retail icon Canadian Tire Corp. has bought Calgary-based Forzani Group Ltd. – Canada’s largest retailer of sporting goods – for a near all-cash deal of $771 million. The May 9 transaction will create Canada’s largest sports retailer with more than 1,000 outlets. The Forzani board of directors unanimously supports the transaction, according to John Forzani, who founded the corporation in 1974. “When you’re a public company, your Canadian Tire sports section has become main and first responsibility is to sharehold- a lot bigger. ers. So we’re very comfortable that this is a very good deal for the shareholder,” said Forzani. “Retail is a game where size does matter and I think it’s absolutely critical, especially with the technology today that you are able to have product in stock and have product available at the correct price because the world is your competition.” Forzani’s corporate banners include Sport Chek, SportMart, National Sports, Athletes World and its franchise banners include Atmosphere, Sports Experts, Intersport, Nevada Bob’s Golf, Hockey Experts, Fitness Source, S3 and Tech Shop. Canadian Tire has more than 1,200 retail outlets including Canadian Tire retail stores, Mark’s Work Wearhouse, PartSource and gas bars. Canadian Tire retail has 485 stores alone. In 2010, Canadian Tire had retail sales of $10.3 billion. For the fiscal year 2011, which ended January 30, Forzani had total annual revenue of over $1.4 billion. At the end of the fourth quarter it had 534 stores. Canadian Tire will also gain from having access to an expanded customer base with the Forzani Group’s retail banners, including mall-based shoppers and the important 18-to-35-year-old customer segment, the company claims. The Forzani brand names will remain in the stores. It is anticipated the $771 million acquisition will be financed with $500 million of cash on hand and the balance with short-term financing. The deal is likely to officially close the in third quarter of 2011. Photo: Canadian Tire

News, views and updates on Canada’s franchise industry

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.S. discount giant Target Corp. was in court in Canada on May 2nd in an attempt to win exclusive right to use its name in Canada, the Wall Street Journal reports. Target is asking the court to impose a preliminary injunction against Canadian retailer Isaac Benitah and his company, Fairweather, which owns 15 stores across Canada called Target Apparel and has a logo similar to that of Target Corp., the report said. Target Corp. and Benitah have been at odds for nearly 10 years now as to who owns the rights to the Target name in Canada. The filing alleged Benitah’s use of the Target name on his stores is “deliberately calculated to deceive and confuse the public in Canada,” according to the report. Benitah’s company has filed a counterclaim denying the allegations and asking for exclusive rights to the Target name. It also asked for $250 million damages from the or the second year in a row, CertaPro chain. Painters, Canada’s largest painting conBenitah owns several Canadian retail tracting company, has been awarded the gold medal for franchisee satisfaction in its catego- chains with a total of 300 stores. His Targetnamed stores feature the name in big block ry at the Canadian Franchise Association’s letters, with the word Apparel in smaller let(CFA) national conference. CertaPro was also bestowed with the award of best overall fran- tering below.

1-888-Wow-1Day! offers a standardized approach to house painting and promises to paint as much of a home as a customer wants within a 24-hour period. “The painting market is much larger than the junk ancouver-based Brian Scudamore aims removal market, and it is highly fragmented,” Scudamore said. to use his 1-888-Wow-1Day! business “We’re bringing our systems and infrastrucmodel to transform the house-painting industry in the same way as his 1-800-Got- ture from 1-800-Got-Junk? – our call centre, our marketing systems, our public relations Junk? revolutionized junk removal. systems, our training systems. Scudamore is applying a similar business “We will be able to leverage that and get model to 1-888-Wow-1Day! He has lined up franchisees in Metro Vancouver, the Fraser Valley the business growing quickly.”◆ and Texas, California and Washington states. – Compiled by Kevan O’Brien

Own Your Own Country

W E A R E C O M F O R T K E E P E R S®

CertaPro Painters named Canada’s top franchise

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Scudamore starts paint franchise

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Franchise Opportunity: Chilliwack abc Country Restaurants has 40 years of family dining experience. If you like the idea of being up front in your own restaurant, backed by a strong corporate team, abc is the high profile brand for you. Our restaurants serving Country Comfort for Breakfast, Lunch, Dinner & Dessert - many with profitable meeting rooms - dot the BC and Alberta landscape. We are looking for good franchisees and welcome your inquiry. s 3ITE 3ELECTION $ESIGN s 4RAINING /PERATIONS 3UPPORT s -ENU $EVELOPMENT s -ARKETING s ,EASE .EGOTIATIONS )NVESTMENT RANGE FOR NEW LOCATIONS n )NVESTMENT RANGE FOR CONVERSIONS n

Call me today to own your own country! Gordon Beattie, President (604) 583-2919 local 22 abc Country Restaurants Inc. 15373 Fraser Hwy. Surrey, BC V3R 3P3 email: info@abcCountry.ca www.abcCountry.ca

Comfort Keepers® senior care franchise is a rare business opportunity. This leading national brand providing in-home senior care combines exceptional growth potential with both the financial and feel-good rewards unique to a business dedicated to caring for others. • Comprehensive training

• Turnkey business systems • Business coaching • Full support

• Marketing programs

• No healthcare degree required To learn more, call Wayne Maillet at 604-941-4361 or email: waynemaillet@comfortkeepers.ca

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www.westerninvestor.com JUNE 2011 WESTERN INVESTOR

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