Prime Muskoka Commercial Property! Investors / End Users / Live & Work! 11 acres with 700ft frontage Windermere & Raymond Road (Muskoka Lakes) High visibility. Year-round traffic! 3000 SF commercial building incl 1000 SF 2-bay auto repair shop with 2023 clean ESA parking for 35 cars! Plus 1000 SF renovated 3 bedroom bungalow! Zoning allows for multiple uses including Cannabis retail!
Royal LePage Frank Real Estate, Brokerage OFFICE: 905-623-3393
Email: jshewchuk@royallepage.ca
SALES REP Cell: 905-404-5038
SALES REP
Cell: 289 688 8047 | Email: brianshewchuck@royallepage.ca
530’ Frontage+ 4 acres, grade level, fully serviced. Present use as fenced outside storage yard {100%). Existing income!! Outstanding location across from future GO station high-rise development, HWY 401 exit and HWY 418 & 407. Remarkable opportunity. 60% coverage. Asking $4,000,000
$3,500,000
Dual Frontage 1.58 Acre High Density Land Close to Oshawa Shopping Center! Paved Yard Space + 11.5k SQFT leased Industrial/Commercial Building. R5-B Zoning for Future Apartment Building or Townhouses? Perfect Ingredients. Collect $138k net annually – Fantastic Buy & Hold!
Bowmanville Diamond in the Rough! Former Home Hardware location with approximately 12,000 sq. ft. includes three drive-in doors, warehouse and huge paved parking. Close to Dollarama, Shoppers Drug Mart, Metro Food Store, Schools, Hospital. High Density; You Name It! Hard to find a better spot! $12.00 per sq. ft. as is!!
Rare 1.50 Acre Fully Serviced Improved AND Leased Yard Space Perfect for Contractors, Builders, or Investors. Collect $63,000 Fully Net Rent + Plan Your New Building Today. Great Corner Lot + Clean ENVs + Office Trailer Included. Only $1,700,000
Outstanding Value! Small Commercial Building in Excellent Shape on HighTraffic Street: Accessible Entry, Paved Parking, AAA Tenanted Basement, all in a HIGH Growth Downtown Location. New Reduced Price from Motivated Seller!
Gorgeous New Professional Office Space! 7 Units from 1400-2000 SQFT. Exploding With New Development! 200 Acre Subdivision Building Now! A+ Corner Location With Tons of Parking + National Anchor Tenants like Dollarama!
Hard-to-find & in Demand Whitby Industrial Space! Great Opportunity for Growing and Expanding Business on Busy Thickson Rd corner Minutes from HWY 401 on/off Ramp. Equipped with Truck Lvl Door & Sprinklers!
One-Of-A-Kind! in Clarington. Exceptional Opportunity for AAA Location, Connectivity, and Visibility – Ideal for Developers or Employers, or Land Bankers. VTB Available. Contact for Info Package Today!
franksalvatore@rmxemail.com 905-308-6173 thesalvatorteam.com
$3.3 MILLION
50
250 WELLAND AVENUE, ST. CATHARINES
$1,075,000
122-126
$3.2 MILLION
Medical/Office
Space. 10,000+ Sqft of useable space. Turnkey Property!! 10,000 SQFT property near Hamilton Golf & Country Club, leased at $160K/year + T.M.I. Zoned C3674 General Commercial for versatile use. Offered at a 5% cap rate, Prime location. MLS 40681610. 144 WILSON
Industrial Vacant Lot 2.04
Acres. Exceptional paved, gated industrial lot near Orillia and 1.5 hours from the GTA. Perfect for 60-80 semi-truck parking, storage, workshops, or offices. Prime access to Hwy 11, close to Costco and Orillia’s revitalized downtown. Zoned M2 with ESA report available. A rare opportunity in a high-growth location! MLS 40679813.
Commercial Plaza2720 Sqft. High-traffic commercial plaza Only $395 / per Sqft. Features excellent visibility and diverse tenants for stable income. Situated in a growing market. Prime investment opportunity in one of the city’s busiest business hubs. MLS 40676263
39 Unit (SPA) - Development Site. Builders, investors, developers: Site plan approved for 39 units (27 apartments, 12 stacked towns) zoned E-3. Located 7 minutes from Hamilton GO and downtown. Includes rented home at 125 Young St ($2,582/ month) requiring teardown for development. MLS 40670827 & MLS 40670809.
BURLINGTON VILLAGE, BURLINGTON
$1,469,900
$10.9 MILLION
Commercial/Residential. Mixed-Use Freehold Townhome!! 3-storey luxury townhome in Burlington Village. Feat 2-bed, 2-bath Res unit & Main Floor commercial unit w/basmt. Fully leased, generating $7,100/month total. Zoned for live/work, 4.6% cap rate, with possible vacant possession. MLS 40690166.
19,620 Sqft. 19,620 sq ft freestanding industrial building located in North Hamilton adjacent new 75 Million LRT Station. Feat; prime highway access, gated parking, 13 ft ceilings, loading dock plus drive-in bay, Beautiful office space. An exceptional investment in Hamilton’s industrial core, combining functionality and location. MLS 40678284.
Exclusive Listing. 190 Unit (Zoning Approved) Mid Rise-9 Storeys. Located In the heart of Stoney Creek, this 1.2acre site is Zoning Bylaw Approved for a 9-storey, 190-unit mixed-use project including 1 commercial unit w/ underground parking. SPA expected in 2025. Priced at $10.9M ($57,672/unit). Includes 3D views, studies, and Phase I & II ESA for seamless development.
250 KING STREET WEST, HESS VILLAGE FOR SALE OR FOR LEASE
Commercial Unit 1000 sqft. Available immediately for Lease 1,000 sq ft in downtown’s vibrant core. Featuring large windows for visibility and ample natural light, this space attracts high foot and vehicle trafficperfect for establishing or growing your business in a prime location. Also available for sale for $799k Call for details. MLS 40680561.
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If you’re a victim of counterfeiting, you might expect to recoup the losses, but that’s not how it works. Victims aren’t compensated, so it pays to verify your bills.
With each new series of banknotes comes ever more sophisticated security features – but they’re only effective if you use them. Here are some of the security features of the latest series of Canadian currency.
• Touch the large number, the shoulders of the large portrait, and the words ‘Bank of Canada’/‘Banque du Canada’ on the front of the bill. You should find they are raised to the touch.
• Tilt the top of the bill towards you and you should see sharp colour changes in the metallic building in the large transparent window.
• Look at the metallic portrait in the large window – it should
match the large portrait on the front of the bill.
• Look at the numbers in and around the large window; they should match the value of the note and some will appear in reverse.
• Look at the frosted maple leaf window and check for the transparent outline.
• Note: the $20 bill is the most widely used and counterfeited banknote
For a complete list of security features for polymer bills and other bank note series, visit the Bank of Canada website.
On top of these security features to look for, you and your employees should practice good cash-handling habits:
• Leave currency on the cash register ledge or other secure area visible to the customer until the transaction is complete in order to avoid disputes over the amount being paid.
• Count change back to the customer to avoid mistakes.
• Make sure the cash or cheque from the transaction is placed in the cash drawer or other secure container before handling the next transaction.
• Don’t make change for someone who is not making a purchase.
• Purchase a counterfeit bill detector and use it.
• Check for the security features mentioned above.
• Create a company policy on the acceptance of non-Canadian currency and post in a prominent place. Include the exchange rate that will be used.
• Have a company policy on rounding cash transactions due to the elimination of the penny and post in a prominent place.
• It is against the law to knowingly use a counterfeit bill or to keep one without a lawful reason. If you suspect a bill is counterfeit:
• Politely explain your concerns to the customer and request another bill.
• Advise the customer to check the note with the local police.
• Notify the local police of a possible attempt to pass counterfeit money.
• Avoid putting yourself and your employees at risk.
• Be courteous to the customer; they may be an innocent victim, unaware the bill is suspicious.
Note: All suspected counterfeit bank notes (U.S. and Canadian) must be turned over to local police. CI
Source: cfib-fcei.ca
Although Fraud Prevention Month was in March, frauds happen year-round. Few areas of life are untouched by fraudsters, be it romance, health, employment, tax payments, online shopping, and even small business owners and investors.
Whatever the time of year, the Competition Bureau of Canada offers up fraud prevention tools to help small business owners, investors and the general public stay informed about the latest scams. At the very least, it’s good to be wary of unsolicited offers, trust your instincts and share fraud prevention tips with your family and friends. Knowledge and vigilance are the best tools to help you recognize, reject and report fraud.
Don’t be duped
Organizations of any size can still be taken in by clever frauds, so make sure you know about them. A typical one is the directory scam. A fraudster sends your company a proposal for a listing or advertisement
in a magazine, journal or business directory, or for an online directory. They’ll call to confirm the address and other details. Then the accounting department will receive and pay the bill, unaware that your company never actually ordered or authorized the service.
Another common fraud is the health and safety products scam. You might receive a phone call from someone claiming to be from the provincial government, telling you that your first-aid kits need to be replaced or you have to update your company’s health and safety training. In both cases, you may be told to act quickly.
One other possible scam is the office supply scam, which involves
you receiving and being charged for items you didn’t order.
In many cases, scammers will hound you to pay the amount they claim you owe. They will even trick you into believing that they will report you to a collection agency.
Tips to protect yourself:
• Educate yourself, your employees and your co-workers to be cautious of unsolicited calls.
• Create a list of companies that are typically used by your business.
• Limit the number of staff that can approve purchases and pay bills.
• Clearly define procedures for verification, payment and management of accounts and invoices.
• Contact your province’s regulator to know your legal obligations.
• Fraudsters will use company names or logos similar to those of known businesses to make their invoices seem real. Inspect invoices carefully before making any payments.CI competitionbureau.gc.ca.
Beautiful, renovated and well-maintained multi-storey, multi-tenant, retail/medical/ office investment plaza for sale. All of the current tenants are in the medical field. Ample Parking. The property is currently leased to 8 individual tenants. The zoning is COMMERCIAL RESIDENTIAL THREE ZONE (CR-3) which allows for many uses. Long-term leases in place with quality tenants. Interested parties can contact listing agent for a property brochure and confidentiality agreement.
This concept has already addressed a basic need numerous GTA business owners have. Bypass all the office setup challenges and fire up your core business without further delay. Call us for more info.
Unique Comm. building, excellent visual traffic exposure. Solid Post & Beam constructed multiuse building zoned “MG” (General Comm.) allowing for several permitted uses. 3 levels (6695sf) of open floor space w/period wood work & 4 conc. silos. Recent updates inc pine B&B exterior-24 & metal roof-24 plus hydro, municipal water/sewer & n/gas at building (not connected). Ideal dance/ fitness studio, prof. office, small manufacturing/warehouse/storage facility etc.
$802,000
$599,000 Incredible Investment Opportunity - sit. on 0.44ac prime corner lot enjoying unobstructed westerly views of Grand River. Incs 5226sf garage ftrs 2685sf office space, 2685sf shop space, walk/ drive-out basement & 1 bathroom. Serviced w/n/g
$5,500,000
RARE 194ac property
39
&
water/ sewers. Property can ONLY BE PURCHASED w/same Buyer purchasing 3 Cayuga St & 0 Ouse St. (TOTAL list price of 3 properties is $1,300,000) Sold “AS IS-WHERE IS”. Offers presented at 5pm May 28/24
Charlie Gobert Sales Representative, Principal +1 226 289 2836 charlie.gobert@avisonyoung.com
Nolan Adkin Broker, Senior Associate +1 226 289 2799 nolan.adkin@avisonyoung.com
• The Trenton Logistics Center will be a new, “”build-to-suit”” opportunity for industries looking to relocate or grow in the hub of Eastern Ontario
• The total site size is approximately 10.5 acres
• Site is approved and shovel ready for a pre-engineered 141,200 sqft building footprint
• Being only 6 minutes from the Glen Miller Road exit, this site has quick and easy access to the 401
• This site provides efficient access to vital transportation routes from Toronto, Ottawa, Montreal, and major markets in the United States
The Developer is prepared to work with a Tenant/Buyer regarding their specific building needs
Final sale price will be subject to Buyers final building specifications
Estimated lead time for occupancy is 18 months from contract date.
• Current zoning is RU
• Future Residential Development Opportunity!
• Located at the North end of Bellevilleone of Eastern Ontario’s fastest growing cities
• The site is 4 minutes from the 401
• The property is 36 acres between Vermilyea Road and Sunningdale Drive
• Approx. 1000 ft of lot frontage
• Once introduced to the urban serviced area, based only total lot size and official plan policies the following maximum unit counts are possible: low density = 364 units, medium density = 874 units, and high density = 1,676 units
• City of Belleville currently considering expansion of the official plan due to the rapid growth and overwhelming demand for new homes in the region
$2,800,000
• This turnkey banquet facility is a prime waterfront property located in Corbyville, ON
• Just minutes north of the 401
• Sits on the Moira River
• Known as one of the most sought-after wedding and special event venues in the Quinte Region, it was formerly operated as the “River Inn” and “Henry’s Place”
• The building spans approximately 3,420 square feet and includes a spacious outdoor seating area
• Features include kitchen facilities, hardwood floors, a cozy fireplace, and a historic 18-foot bar
• The lease also provides exclusive use of approximately 2.5 acres, 500 feet of scenic river frontage perfect for memorable wedding photos, and ample paved customer parking MLS#: X11009081
COMMERCIAL BUILDING FOR SALE IN STIRLING, ON
• Well maintained home with added modern additions.
• Located in Stirling, ON
• Total Building Area is 9,313 sqft.
• Located on a prime 0.5 acre corner lot
• Building offers many different possibilities for future uses
• R-2 Zoning
• Notable features such as the electrical fireplace, fire alarms, security system, sound system, service lift, solid concrete floors, open areas for possible meetings or larger service gatherings, and large parking area
• Building has been renovated including: all new electrical, plumbing, drywall, and insulation
• Additionally, a new 3-ton HVAC system (2021), new rubber membrane roof, new shingles, and new furnace (2021) were also installed
$765,000
MLS#: X11938364
• 35.5 Acres of vacant land Prince Edward County (Demorestville)
• 660 Feet of frontage on both Black Road and County Road 14
• Zoned RU-2, this property allows a range of uses, from single detached dwellings and home businesses to private home daycares
• Non-residential options include agriculture, farming, or conservation area
• Existing use is Q-Logic Water Solutions operational yard and maintenance building, which includes Trailer Park Model Home on site
• Business and equipment are available for sale
• Situated in the heart of Prince Edward County this land enjoys easy access to major roads, ensuring convenient transportation for both residents and businesses
(Business) // $638,000 (Land)
• Located just outside of Wellington, PEC
• This 17-acre vineyard supplies grapes to a local winery
• The property features 146 rows of 8 ft highdensity vines
• Grape types including 6.58ac Pinot Noir, 3.52ac Chardonnay, 2.88ac Pinot Gris, and 1ac Melon de Bourgogne
• Planted in Hillier clay loam soil
• Zoned RU-1, this property opens the door to diverse possibilities, such as a charming bed-and-breakfast, or designing your own single detached dwelling
• Whether you choose to develop this land or leave as is to expand/create your own thriving winery experience, the possibilities for this property are endless
• Conveniently located on the Millennium Trail in PEC, this vineyard offers a perfect blend of seclusion and accessibility
$1,595,000
MLS#: X11938347
COMMERCIAL OFFICE BUILDING FOR SALE IN QUINTE WEST
• 5,591 sqft commercial building located in Quinte West
• The entire building/site is currently leased long term to a commercial Tenant on a 100% carefree basis to the Landlord
• The building was built new for in 2018 to superior standards and quality
• Don’t miss out on this exceptional investment opportunity!
$1,975,000
MLS# X11938079
• This unique investment property offers an excellent combination of commercial and residential income potential
• Property features three commercial units, nine residential units, and a tenanted commercial lot of land
• The commercial units include a 900 sqft garage, a 1,000 sqft warehouse with two offices, and an 850 sqft unit with two office spaces
• The residential component consists of seven 2-bedroom apartments and two 1-bedroom apartments
• The property includes one main building that houses the three commercial units along with three residential units
• Additionally, there is a separate residential building containing four more residential units, as well as two mobile homes on the property
$2,400,000
• Located just outside of Wellington, PEC
• This 17-acre vineyard supplies grapes to a local winery
• The property features 146 rows of 8 ft highdensity vines
• Grape types including 6.58ac Pinot Noir, 3.52ac Chardonnay, 2.88ac Pinot Gris, and 1ac Melon de Bourgogne
• Planted in Hillier clay loam soil
• Zoned RU-1, this property opens the door to diverse possibilities, such as a charming bed-and-breakfast, or designing your own single detached dwelling
• Whether you choose to develop this land or leave as is to expand/create your own thriving winery experience, the possibilities for this property are endless
• Conveniently located on the Millennium Trail in PEC, this vineyard offers a perfect blend of seclusion and accessibility
$1,595,000
MLS#: X11938347
• 94-Acre site
• Located less than 4 km from Highway 401
• On the banks of the Trent River
• Previously used as a pulp and paper mill since the early 1900s.
• The existing buildings have been decommissioned and have now been scheduled for demolition throughout 2025
• Approximately 60 acres of the site will be usable after demolition and remediation of the lagoons (to be back-filled)
• The remaining 34 acres is an active, non-hazardous dump site with available capacity for onsite disposal of materials used in production or site remediation
• The site offers a direct rail spur to the CP main rail line
• The current 15.5 Megawatts of power servicing the site will remain available for the next user
• Zoned GM
$14,000,000
MLS# X12104832
• This income generating property features two fully tenanted buildings offering a steady revenue stream
• Building #1 consists of 7 residential units and 1 commercial unit
• The residential units include 4 two-bedroom apartments and 3 one-bedroom apartments, catering to diverse tenant needs
• The commercial unit is an 800 sqft garage/workshop
• Building #2 offers 2 residential units: a ground floor 2-bedroom apartment and a basement 2-bedroom apartment
• With reliable tenants in place and a mix of residential and commercial income, this property presents a fantastic opportunity for investors looking to expand their portfolio.
$1,398,000
MLS# X11938246
• A great investment opportunity awaits with this commercial property
• Currently home to Hollandale Landscaping and Garden Centre
• Situated on a 5.39-acre lot with 580 feet of frontage
• Business has been thriving for over 70 years
• Hollandale’s legacy as a trusted garden center and landscaping service is wellestablished, making this an ideal investment for those looking to step into a prosperous business or repurpose the land for other commercial ventures
• Asking price includes the land and buildings only, with the equipment and inventory negotiable
• The property features a 1,500 sqft retail storefront
• The retails space then opens up into five greenhouses totaling 8,800 sqft, two of which are heated and ventilated, allowing for year-round operation
• There is a 1,000 sqft dry shed with three bay doors
• Additionally, there is a 1,200 sqft workshop with a 10x10 drive-in door
• Complementing these are two hoop houses, covering a total of 3,800 sqft, offering versatile space for growing or storage
• Zoned Commercial Rural (CR) this property allows for a variety of uses, including a banquet hall, a farm produce retail outlet, hotel, building supply outlet, personal service shop, and many more
$1,498,000
MLS#: X11953467
BY CHUCK RESNICK
When it comes to commercial and office moves, we understand that business-to-business clients value three major things: That the job is completed on time as promised, on budget and with no disruption to their ‘business as usual.’ This may involve professional offices, retail stores, educational facilities or any other type of organization. The focus on budget and timing is understandable, and a good mover will work toward a seamless transition from point A to point B.
THE FIRST THING to establish is a chain of communication.
Usually, this means interacting with a move co-ordinator for the client. Oftentimes that’s a role we will
play. On the mover’s side, someone should be set up as a consultant dedicated to the move. This professional works with the client co-ordinator to shepherd the logistics.
Each business-to-business move is different, and it’s up to the mover to determine what equipment is necessary. For example, the mover may need to use library carts, computer carts, elevator door jamb protectors, carpet protection and the like. They should also have special anti-static bubble wrap for computer equipment. Another element the coordinator handles is connecting with the appropriate commercial/office management company in order to find out about, and adhere to, rules and guidelines for elevator usage, truck parking, etc.
If the move calls for equipment or specialized expertise, the coordinator should arrange for it. An example would be tearing down cubicles, disconnecting computers
and electronics at the destination site and reassembling them. Spaceplanners are needed to accomplish this part of the move, especially when it comes to the cubicle set-up.
Interestingly, office moves are usually done with totes rather than boxes. There are a number of things that will need to be provided such as labels and security ties for the totes. Each person’s office items are transferred to the appropriate office at the destination. Good labelling helps to achieve successful residential moves, and with a business-to-business move, it takes on even greater importance. Another big help is to have floorplans of the offices at both ends of the move, which of course aids in labelling what goes where, as well as the
order in which items are packed and taken off the truck.
All this is organized and orchestrated by the co-ordinators, and often a mover will do these moves afterhours and on weekends to minimize disruption during usual work hours. If the move has to be completed during work hours, it is best to limit employee participation as much as possible. The goal is to make things as easy as possible on employees and customers.
In the end, the key to a successful business-to-business move is
Each business-tobusiness move is different, and it’s up to the mover to determine what equipment is necessary.
developing a plan with clear and welldefined goals and having someone on each end who is responsible and accountable for the event. Those booking a commercial or office move will want to check into the moving company’s track record and look at any testimonials reflecting the work.
In any kind of move, everyone should be happy when the last box is put into place. The best way to ensure this level of satisfaction is to plan ahead, be organized and keep the lines of communication open.. CI
Chuck
Resnick is vice-president Marketing and Operations for Two Men And a Truck - Canada, a division of Heron Capital Corporation. Visit twomen.ca
Premium investment opportunity (6% cap rate) in the coveted Leslieville neighbourhood. This 3 Storey Commercial/residential property is comprised of 1 retail space on the main floor (Approx. 2,200 sqft) and 2 residential apartments on the second and third floors respectively. Conveniently located on Queen Street East, the location offers excellent foot traffic and with the increased density coming to the neighbourhood, offers sustainability moving into the future. For more information visit, www.theeastside.ca
- 21,855 sf on 0.94 acres - ASA1 zoning - Retail building on main artery in London
Get more information
Meg Drive, London
Cranberry Road, Tillsonburg - 11,270 sf on 1.52 acres
- 57.70 acres - Zoned Future Development - Located in growing Tillsonburg
Charlie Gobert Sales Representative, Principal +1 226 289 2836 charlie.gobert@avisonyoung.com
8 spacious condo townhomes for sale. All 3 bed,1.5 baths, walk-out basements, private courtyards and attached single car garages. Units fully tenanted and being sold in a bundle, making this a unique investment to add to your portfolio. Tenants pay own hydro, 4+2 visitor parking.Roof reshingled 2020, electric heat throughout, no central air, 8 owned water heaters,windows approx10-12 yrs. There is possibility to add additional units on the approximate 31,000 SQFT. $3,800,000
- Fully leased asset - Office and warehouse use, zoned LI 6 & 7
Nolan Adkin Broker, Senior Associate +1 226 289 2799 nolan.adkin@avisonyoung.com
avisonyoung.ca
Future development possibilities in this 4.798 Acre parcel of land that borders Welland/Thorold. Adjacent property, in Welland boundary, is zoned low density residential. Property is close to Brock University Campus (15 Minutes), Niagara College (1km) new residential developments, plaza for shopping and all amenities and close to highway Access. Land only for sale. Current zoning FD - EP2. Contact for more info. MLS H4117393. $3,225,000
By Cliff Ford, Skyview Realty
By Cliff Ford, Skyview Realty
With the ever-increasing demand for multi-unit residential properties amongst investors, a trend has been emerging over the last number of years. Many properties, and certainly buildings with 30+ units, are seeing multiple offers as part of an open bid submission process.
With the ever-increasing demand for multi-unit residential properties amongst investors, a trend has been emerging over the last number of years. Many properties, and certainly buildings with 30+ units, are seeing multiple offers as part of an open bid submission process.
If you aren’t familiar with the bid submission process, it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide all due diligence documents in advance of the offer deadline to allow buyers to determine what they are willing to offer on any given property. Sellers love this process as it can generally lead to multiple offers and can create a bidding war that drives up their end price. Buyers dislike this process, however, because they prefer to have some guidance on pricing going into the offer stage. As a brokerage, we are caught in the middle of wanting to deliver great results for our Seller and satisfying our buyer clients’ demands for more investment properties.
If you aren’t familiar with the bid submission process, it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide all due diligence documents in advance of the offer deadline to allow buyers to determine what they are willing to offer on any given property. Sellers love this process as it can generally lead to multiple offers and can create a bidding war that drives up their end price. Buyers dislike this process, however, because they prefer to have some guidance on pricing going into the offer stage. As a brokerage, we are caught in the middle of wanting to deliver great results for our Seller and satisfying our buyer clients’ demands for more investment properties.
What we have been noticing with these open bid properties is that ‘upside’ becomes a very common discussion point. The value a buyer places on the upside in a building can often become the factor that makes their offer stand out among the rest, at least as it relates to purchase price.
What we have been noticing with these open bid properties is that ‘upside’ becomes a very common discussion point. The value a buyer places on the upside in a building can often become the factor that makes their offer stand out among the rest, at least as it relates to purchase price.
When considering what the upside is on a property, its more than just rental rate upside, especially considering the lower vacancy rates seen in the Ontario market nowadays. Beyond the upside of what you could rent turned-over units for, investors are looking at upside in the utility consumptions by implementing programs to replace lighting with LED bulbs, installing Low-flow toilets in every unit, and investing in higher efficiency heating equipment. Upside can also be found in converting excess space in a building to either additional units, commercial space, or amenities that could draw in greater tenant rents. Sometimes even the location of the property itself
When considering what the upside is on a property, its more than just rental rate upside, especially considering the lower vacancy rates seen in the Ontario market nowadays. Beyond the upside of what you could rent turned-over units for, investors are looking at upside in the utility consumptions by implementing programs to replace lighting with LED bulbs, installing Low-flow toilets in every unit, and investing in higher efficiency heating equipment. Upside can also be found in converting excess space in a building to either additional units, commercial space, or amenities that could draw in greater tenant rents. Sometimes even the location of the property itself
can have a form of upside for a particular buyer, in that they may own a building nearby and could create valued upside in the sharing of mutual expenses between each property.
can have a form of upside for a particular buyer, in that they may own a building nearby and could create valued upside in the sharing of mutual expenses between each property.
Whatever the upside factors may be on any particular property, when going into a purchase process, understanding what YOUR value is on the upside will give you a leg up when bidding against other buyers. It appears that, at least for the time being, the sale price of the property is no longer determined just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course if every seller had their way, the Buyer would be paying for 100% of the upside in their purchase price but realistic sellers also know that they need to leave something on the table for a buyer. As a buyer, you need to know what the upside is and how much you are willing to pay for that upside. It is a business decision that only you can determine based on your operations.
Whatever the upside factors may be on any particular property, when going into a purchase process, understanding what YOUR value is on the upside will give you a leg up when bidding against other buyers. It appears that, at least for the time being, the sale price of the property is no longer determined just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course if every seller had their way, the Buyer would be paying for 100% of the upside in their purchase price but realistic sellers also know that they need to leave something on the table for a buyer. As a buyer, you need to know what the upside is and how much you are willing to pay for that upside. It is a business decision that only you can determine based on your operations.
To be fair when discussing bid submission processes, it should be stated that price may not always be the only factor when a seller chooses one offer to work with over another, but it is likely the most significant factor. As an example, buyers are becoming more and more organized in their purchasing processes in order to streamline their conditional periods and closing dates, as this can also help to achieve a sign back from a Seller when multiple offers are on the table. Especially if all offering prices are neck and neck, the terms of the offer becomes an important factor for a seller.
To be fair when discussing bid submission processes, it should be stated that price may not always be the only factor when a seller chooses one offer to work with over another, but it is likely the most significant factor. As an example, buyers are becoming more and more organized in their purchasing processes in order to streamline their conditional periods and closing dates, as this can also help to achieve a sign back from a Seller when multiple offers are on the table. Especially if all offering prices are neck and neck, the terms of the offer becomes an important factor for a seller.
You may not be a fan of the open bid submission process, but it appears as if this new trend will be sticking around. By doing proper due diligence upfront, good research on the property’s market, and determining the price you want to pay for the upside, you can still achieve great acquisitions in this tight and highly sought after investment class.
You may not be a fan of the open bid submission process, but it appears as if this new trend will be sticking around. By doing proper due diligence upfront, good research on the property’s market, and determining the price you want to pay for the upside, you can still achieve great acquisitions in this tight and highly sought after investment class.
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