Mar 01 - Mar 28, 2014 Volume 14 Issue 02
INCORPORATING FRANCHISE AND BUSINESS OPPORTUNITIES Full Coverage Area Including Windsor, Hamilton, Toronto, Niagara Falls, Kingston and Ottawa!
0514_DJW_0004
4513_DJW_0029
Located in the heart of Canada’s most populous and prosperous business environment. This building has 31,550 Sq Ft in total available with 20’ clearance. Can be demised to 14,900 Sq Ft or 16,650 Sq Ft at $5.85 Net Lease with a TMI of $3.35. Zoned Ge1. Outstanding location/close highway access, large shipping yard for 53 footers and bright spacious office areas. Coldwell Banker Commercial Integrity Contact: Michael Schuler, SIOR, Broker 289-291-5067 Jeff McGinn, Sales Representative 289-291-5079
Apartment building - thamesville - $999,999 Very attractive and well-maintained 3-storey, yellow splitblock, 20-suite, condo-titled rental apartment building, centrally located on Hwy 2 in the Town of Thamesville (near Chatham). Conveniently located minutes from downtown and many amenities - grocery store, banks, restaurants, ample parking, etc. Many capital improvements have been done, including new roof Summer 2013. Suites have newer ceramic flooring and newer carpet. Lovely landscaped lot. Gross income approx. $150,000. For marketing brochure, contact: . Winston Davies, Broker of Record WinCorp Realty Inc., Real Estate Brokerage 45 Keats Crescent, Guelph, Ontario N1G 3B1 Tel: 519.836.2080 Fax: 519.836.2081 Email: wjmdavies@rogers.com
AL RI ST ES DU PAC ASE N I S LE R FO
40 Holtby Ave, Brampton ain
7
M
410
Bo
av air dD
r
St M Hu or nt ra io
au
St
iss ga Rd
For more details, visit:
www.BoutinManagement.com 'F2' Industrial Units with Office Space Close Proximity to 410, 407, 401 Individually Metered Hydro and Gas Wide-open Bays in Industrial Sections Ground Floor of Office Space Finished HVAC In-place for Office Space Radiant Heating in Warehouse Entire Building Upgraded
MLS # W2679382 (Area 31,823 sf - 26’ Clear) MLS # W2671167 (Area 15,583 sf - 30’ Clear) MLS # W2679423 (Area 15,292 sf - 30’ Clear) MLS # W2679437 (Area 18,797 sf - 27’ Clear)
Available Immediately! Call Victor Boutin at 416.258.8830
$5.00/SF (net), renewable at $5.50/SF (net) on 5-year terms; $1.95/SF TMI (estimated)
FREE SUBSCRIPTION!
FOR LEASE Fairview St. @ Brant St., Burlington 4,000 sq.ft. available for lease on the busiest intersection in Burlington! Tenants include Mandarin Restaurant, Staples Business Depot and Michaels. Situated across the street from Wal-Mart and centrally located between two national malls, Mapelview Mall and Burlington Mall, the downtown core and the power centre area. This is a must see plaza! John Paisley, Broker Midevco Commercial Realty Corporation, Brokerage 4031 Fairview St., Suite 204, Burlington, ON L7L 2A4 905-639-7426 ext. 202 john@midevco.com
Get The Commercial Investor delivered directly to your door! See inside for details
FC_0914 (COM)
ee nS t
Rd
Qu
n
hli
g au
iss
401
0914_DJW_0056
cL
M
407
COMMERCIAL OPPORTUNITIES
Situated along QEW corridor in Grimsby at Casablanca Blvd. 1100 sq./ft. Units starting at $264,900. Larger units available! Ideal for investors or end user. Surrounded by high density 4913_DJW_3_0044 residential development with direct exposure to QEW and major anchors.
FOR LEASE
$15 PER SQ FT PLUS $9 TMI/CAM
Units for lease in brand new 3 storey building in Binbrook. Main floor and lower level, up to 15,000 sqft. available and can be divisible down to 800 sqft. Plenty of parking and high visibility on a major road, near school and shopping on a hard corner. Open your business here or relocate for better exposure. 4913_DJW_2_0028
FOR LEASE
$21 PER SQFT PLUS $4 TMI/CAM
*HomeLife Macro Realty Inc., Independently Owned & Operated
2G
4913_DJW_1_0039
$489,900 IN HAMILTON
Location, Location, Location! 2000 sq ft Commercial Bldg situated on busy retail corridor adjacent to new Juravinski Hospital, Tim Hortons, RBC plus so much more. Public prkg out front, 3 private prkg spots at rear of bldg & public transport stop at street. Ideal for end user or investor. Many improvements. Call LA for more info. 0514_DJW_0018
FRANCHISES AVAILABLE:
Brokerage
COM
FOR SALE Over 3000 sqft. of retail/office space in prime location in Beamsville at main signalized intersection along the wine route with easy access to QEW corridor.
Nicholas Kazan, Broker Nicolas von Bredow, Broker
905.574.3038 1.888.751.2229 www.HLCommercial.ca
11268720_0914
H O M E L I F E M ACRO
*
COMMERCIAL RETAIL/OFFICE CONDOMINIUM OPPORTUNITY
Pro Funds Mortgages ATTENTION: LAND OWNERS, DEVELOPERS, BUILDERS & INVESTORS.
ARE YOU IN NEED OF FUNDS FOR YOUR PROJECT OR DEVELOPMENT? Are you an investor and cannot get financing from the Bank? Let Pro Funds Mortgages be your source to Private funds! •Construction Financing •Equity Capital that will postpone to construction •Capital to assist with down payment, servicing costs, development charges & soft costs. •Funds for vacant or distressed properties •First and second mortgages •Funding from $500,000.00 - 50,000,000.00 Pro Funds team of experts can assist in your project analysis as well financial restructuring to your project.
RECENTLY FUNDED PROJECTS Westmount Road Development - Kitchener
$2,800,000 funded
Wonderland Path Townhomes - London
$3,400,000 funded
Riddell Gardens Townhomes - Woodstock
$1,800,000 funded
10126377_0914
Call today for your Private Funds needs Mortgages #12051
Visit us Online for great content
1.888.330.3866 www.profunds.ca
Pro Funds Mortgages • info@profunds.ca • 3390 South Service Rd. Suite #201, Burlington ON L7N 3J5
3G
COM
SOUTHWESTERN ONTARIO INVESTMENT TEAM
SOUTHWESTERN ONTARIO INVESTMENT TEAM INVESTMENT OPPORTUNITIES Investment Opportunities A-Class Medical Office Campus Cambridge, ON
Vacant Commercial Sites London, ON
• 3 sites available • 3 Premier buildings totaling 33,842 SF • 4.44 acres of excess land for future development • Zoned Restricted Service Commercial • Close proximity to Hwy 401 • Asking $9,500,000 Joe Benninger* CCIM 519 340 2323 joe.benninger@cbre.com
Martin Cote* David Yanoshita* 519 340 2317 519 286 2020 martin.cote@cbre.com david.yanoshita@cbre.com
14.7 Acres Highway Commercial
High Profile Condo Development Site Kitchener, ON
Dorchester, ON
A-Class Medical Office Building Waterloo, ON
• 46,454 SF on 2.95 Acres • Excess land to facilitate future development • Asking $11,750,000 Joe Benninger* CCIM 519 340 2323 joe.benninger@cbre.com
Martin Cote* 519 340 2317 martin.cote@cbre.com
High Profile Retail & Office Building London, ON
• 2 parcels of 7.9 acres and 6.8 acres • Located on Hamilton Rd., Thames Centre • For Sale by Modified Tender
• 0.9 acres • Potential for 175 units • Central to multiple Light Rail Transit stops
• 29,957 SF built in 2011 • Projected NOI: $650,437 • Highly visible dowtown location
Joe Benninger* CCIM Barry Poley* 519 340 2323 519 286 2015 joe.benninger@cbre.com barry.poley@cbre.com
Martin Cote* 519 340 2317 martin.cote@cbre.com
Tim Schnurr* 519 286 2018 tim.schnurr@cbre.com
Vacant Land - Banwell/EC Row Windsor, ON
Industrial Development Site Cambridge, ON
11276500_0914
Free-Standing Tim Hortons Corunna, ON
• Up to 163.7 acres • Partial zoned Business Park, Retail/Commercial CD4.1 • Various parcel sizes could be severed
• Outside storage permitted • Easy access to Hwy 401 • Rail spur on site
• Leased to TDL Group Ltd. - May.5/21 expiry • $73,191/year average Net Income • Asking $1,460,000
Brook Handysides* 519 946 3030 brook.handysides@cbre.com
Mitchell Blaine* 519 340 2309 mitchell.blaine@cbre.com
Jack Cox** 519 286 2007 jack.cox@cbre.com
London 150 Dufferin Avenue, Suite 602 N6A 5N6 T 519 673 6444 F 519 673 6948
Waterloo Region 101 Frederick Street, Suite 810 N2H 6R2 T 519 744 4900 F 519 571 9315
Windsor 3200 Deziel Drive, Suite 110 N8W 5K8 T 519 252 4095 F 519 252 7554
* Sales Representative ** Broker
Barry Poley* 519 286 2015 barry.poley@cbre.com
www.cbre.ca
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services canadamapping@cbre.com; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth
4G
COM
LONDON
OSHAWA
U PO PSIDE TEN TIA L
ENT ! REC ADES R UPG
Principals Only Please • 10 x One Bedrooms • Asking $1,890,000 8 x Two Bedrooms • Asking $90,000 per Suite 3 x Three Bedrooms • Three Storey Walk-up • Potential Upside in Rents Located in Good Rental • Recent Renos include Neighbourhood Some Unit Upgrades, • Each Unit has their own Mailboxes, and Common Hot Water Tank Area Flooring • Coin Laundry Produces • 5.5% CAP Rate Above Average Revenues • Ex. 1st Mortgage of Approx. • Roof Re-Shingled in Last $1,260,000 @ 2.99% for 5 5 Years Years to be Assumed
NT ! CE ES RE RAD G UP
Principals Only Please • Asking $4,600,000 • Asking $153,333 per Suite • Great Location Close to all Amenities; TTC Transit at Door • Building Presents Well to Potential Tenants • Outdoor Surface Parking • Thermo Windows • Individually Metered Tenants Pay Own Hydro
•
1 x Bachelors 15 x One Bedrooms 13 x Two Bedrooms 1 x Three Bedrooms • Property has some Upside Potential • 5.3% CAP Rate • 18.6% R.O.I. • Treat Financing as Clear • Seller May Consider a VTB to Qualified Buyer
30 Suites
• 19 x One Bedrooms 17 x Two Bedrooms • Individually metered Tenants Pay Own Hydro • Outdoor Surface Parking • Upside Potential on Rents • 6.0% CAP Rate • 23.4% R.O.I. • Treat Financing as Clear
36 Suites
NORTH YORK
TRE CLE AT A AR S
23.4% R.O.I .
LONDON % 25.5O.I. R.
EXC E LOC LLENT ATIO N
Principals Only Please • Asking $1,575,000 • Asking $105,000 per Suite • Utilities Paid by Tenants Water Phased in on Turnover • Each Unit Contains its own Furnace and Water Tank • Tenants Supply Own Washer and Dryer • Property is Professionally Managed Without On-Site Superintendent
• 10 x 2 Bdrm Townhouses 5 x 3 Bdrm Townhouses • Each Unit has its own Basement • Property is in Desireable South-West London Location • 6.3% CAP • 25.5% R.O.I. • Treat as Clear • Buyer to Arrange Own Financing
15 Townhouse Units
CO
NDO
CE PRI CED U RED
STA TUS
Principals Only Please
Principals Only Please • Asking $2,875,000 • Asking $79,861 per Suite • Many Recent Upgrades Including Roof, Parking, Common Area Hallways, Unit Renovations • Professionally Managed Property • Located in North End of London, Close to University of Western Ontario
21 Suites
T DA ATE RST LOCATHU B
WELLAND
• Asking $4,435,000 • Asking $85,288 per Suite • Located near Highway 406 exit and Close to All Amenities • Many Recent Upgrades to
• 44 x Three Bedrooms 8 x Four Bedrooms • Complex is Condo Draft Plan Approved • Tenants Pay for Own
Complex in 2012 Including
Heat & Hydro
Roofs, Sidewalks, Exterior
• 6.3% CAP Rate
Painting, and Unit Upgrades • 20.0% R.O.I.
• Condo Quality Model Home Already Completed
• Treat Financing as Clear!
52 Townhouse Units
S TA EA R TR LEA C
TORONTO
SOL PROID BU PER ILT TY
Principals Only Please • 6 x Bachelors • Asking $5,275,000 • Asking $138,816 per Suite 25 x One Bedrooms • Located in a Quiet 7 x Two Bedrooms Residential Rental • Upside Potential on Neighbourhood in Rents, Parking, and East York, close to Storage Lockers Don Valley Pkwy and • 5.2% CAP Rate Danforth Ave • 18.2% R.O.I. • Capital Items in Good • Treat Financing as Clear Condition • Seller May Consider • Thermo Windows • Storage Lockers Available VTB to Qualified Buyer
38 Suites 8172756_0914
5G
COM
www.dtz.com
DTZ Barnicke London Windsor Sarnia Ltd. Real Estate Brokerage, Independently Owned and Operated
INDUSTRIAL INVESTMENT St. Thomas, ON $ 925,000
COMMERCIAL / WAREHOUSE Thames Centre, ON $899,000
SALE / LEASE Strathroy, ON
• 8.37 acres industrial land • 9,300 sq ft industrial office • $31,000 of revenue from towers
• • • •
• • • •
David Jongerden *
Philip Cassis **
Tyler Desjardine *
INVESTMENT PROPERTY London, ON $ 10,600,000
INVESTMENT PROPERTY Woodstock, ON $ 1,590,000
INDUSTRIAL INVESTMENT London, ON $ 1,490,000
• • • • •
• 11,000 sf multi-unit medical bldg. • Well maintained, clean bldg. with private entrances for Doctors • Net Income: $121,000/yr inclusive of management fee
• 21,000 sf fully rented industrial building with new 5yr lease • Includes 2 houses/excess land • Approx. Net Income $117,450 yr
Brent Rudell ***
Tom Rudell *
Brent Rudell ***
RETAIL / AUTOMOTIVE London, ON $ 8.00 psf Net
SALE / LEASE Sarnia, ON
• Former Automotive Dealership in east London • 32,500 sf on 2 acres • Over 500’ frontage
• Lease Rate: $3.00 psf net • Sale Price: $1,250,000 • 118,000 sf Heavy Industrial with rail siding
Gary Pollock **
Kenn Poore **
70,837 sq ft / 1.6 acres Currently downtown parking lot Approx. 360 parking spaces Future development potential Stable cash flow
Brent Rudell ***
Jessica Huysmans *
INDUSTRIAL London, ON
$ 449,900
• • • •
Approx. 1 acre 1,500 sf – Office / Apartment 5,000 sf – Industrial Zoned AG2
Jameson Lake *
1.75 acres approximately 3,600 sf – warehouse 2,500 sf – shop Zoned A-29 Agriculture
Lease Rate: $9.50 psf Net Sale Price: $549,000 5,000 sf - Main Floor 1,500 sf - 2nd Floor
Sales Representative * | Broker ** | Broker of Record *** 6G
COM
11266917_0914
Tel: (519) 438 5588
SILVESTRI INVESTMENTS EXCELLENT DEVELOPMENT & INVESTMENT OPPORTUNITIES
Fort Erie - Garrison Road Approx. 50 Acres of Land Draft Plan Approved Property
Hamilton - Twenty Road Approx. 49 Acres South of Upper Wentworth
Cambridge - Branchton Road and Morrison Road Approx. 280 +/- Acres Between the Two Properties N
309 South Pelham Road Welland, Ontario
Simcoe - Draft Approved Land, Building Lots & Vacant Land Harvest Glen Ph. 3 Lots Available Phase 5 Lots Coming Soon! Beautiful Location!
Niagara Falls Two Parcels: 64 and 25 Acres on Garner Road
Welland Approx. 14.5 Acres South Pelham and Webber Road
FLORIDA CONDOMINIUMS IN NEW SMYRNA BEACH
NEW CONSTRUCTION STARTED ON BUILDING 19 Reserve Your Unit Today! www.oceanwalk-condos.com
RE/MAX Escarpment Realty Inc., Brokerage Independently Owned & Operated
Paul Silvestri - Sales Representative Direct: 905-521-1144 Office: 905-545-1188 paul.silvestri@silvestri.ca • www.silvestri.ca
11102630_0914
7G
COM
INVESTMENT & DEVELOPMENT OPPORTUNITIES WATERLOO REGION / GUELPH A-Class Medical Office Campus
Waterloo, ON
• A-Class Medical Office Building in the core of Waterloo Region • 46,454 SF on 2.95 Acres • Excess land to facilitate future development • Offering Price: $11,750,000
• A-class Medical Office Campus Adjacent to Cambridge Memorial Hospital • 3 Premier buildings totaling 33,842 SF on 7.1 acres • Offering Price: $9,500,000
57 Suite Apartment
Fully renovated building New tenant base Condo titled Offering Price: $8,550,000
• • • •
Fully renovated 3 bed units Ample amenities nearby Condo titled Offering Price: $5,800,000
A-Class Medical Office Campus
Kitchener, ON
Ayr, ON
Rare 0.9 acre site with potential for ± 175 units Central to multiple Light Rail Transit stops DC free zone Existing building income Offering Price: $2,995,000
Joe Benninger*, CCIM Senior Sales Associate 519 340 2323 joe.benninger@cbre.com
• Tenants include McDonalds, Crabby Joe’s and numerous government offices • Additional development potential up to 40,000 SF • Offering Price: $18,900,000
Urban Mixed Use Conversion
Kitchener, ON
Multi-Res Development Site
• • • • •
Guelph, ON
29 Townhouse Units
Kitchener, ON
• • • •
133,661 SF Plaza on Hwy 7
Cambridge, ON
• 168 acres • Planning Approvals underway for single detached & towns • Bedroom community to Kitchener, Cambridge, Brantford • Offering Price: $12,000,000
Guelph, ON
• • • •
Marquee corner in downtown Guelph Fully leased ground floor Elevator, modern HVAC/electrical Offering Price: $3,300,000
Estate Development Land Inverhaugh, ON
• Estate Lot Subdivision Development Opportunity • Approximately 47 half-acre lots • Located in Inverhaugh on the banks of the Grand River between Elora & Kitchener • Central to Waterloo, Guelph and Fergus • Offering Price: $3,700,000
Martin Cote* Sales Associate 519 340 2317 martin.cote@cbre.com
101 Frederick Street, Suite 810 | N2H 6R2 | T 519 744 4900 | F 519 571 9315 | * Sales Representative ** Broker
www.cbre.ca
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services canadamapping@cbre.com; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth
8G
COM
11284449_0914
A-Class Medical Office Building
8155064_0514
9G
COM
RETAIL
THE SHOPS AT
7777 WESTON RD. AT HWY 7 • FLEXIBLE UNIT SIZES
• LIVELY STREET PROMENADE & 2-STOREY PODIUM
• AMPLE PARKING OWN YOUR OWN CONDO SHOP FROM
www.LoveWhereYouShop.ca | 647-317-3993
HIGHWAY 7
HIGHWAY 400
WESTON RD.
BUY / LEASE TODAY!
HIGHWAY 404
READY!
HIGHWAY 427
The Shops at Centro Square
$207,000*
HIGHWAY 407
STEELES AVE.
*PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE. ALL ILLUSTRATIONS ARE ARTIST’S CONCEPT ONLY. © 2014 LIBERTY DEVELOPMENT CORPORATION. ALL RIGHTS RESERVED. BROKERS PROTECTED.
11284512_0914
WERO 32606 Comm Investor HP_final.indd 2
247 CENTENNIAL PARKWAY N.
2014-02-24 9:29 AM
8 MAIN ST. E., HAMILTON
Excellent downtown office building in prime location. Completely renovated, air conditioned, heat, hydro, maintenance, janitorial, taxes all included. Steps from the courthouse and McMaster downtown campus. Currently available 697 sq. ft. $875 mthly + HST
0914_DJW_1_0009
QEW & CENTENNIAL PARKWAY - 45 GODERICH
Units available at 1338 & 4150 sq. ft. with rent from $13/sq. ft. net. TMI $7.50/sq. ft. 0914_DJW_0028
905-777-0252 ext 304 E-mail:
info@desantis.com
www.desantis.com 10G COM
Office building with high visibility and easy highway access. 1238 sq. ft. corner unit available from $11.00 per sq. ft. net featuring several offices and boardroom with great natural light. Building includes plenty of parking & signage. 0914_DJW_1_7007
8148088_0914
Office/retail space in highly visible location at the corner of Centennial & Barton. Plenty of parking, signage in high traffic area. Close to the QEW and Red Hill Parkway.
COMMERCIAL CONDOMINIUMS IN WATERDOWN ■ Great opportunity to be your own landlord.
From $249,900
■ Commercial condominiums available in rapidly expanding Waterdown.
■ Located in the commercial corridor with many newly built homes close by. ■ Perfect for clinical, retail and offices. Call listing broker for permitted uses 3313_DJW_0051
905-689-PEAK (7325)
Valerie Dalgetty-Righton
11284354_0914
Phil Calvano Broker of Record Cathy Calvano Sales Representative 5 Hamilton St. N. Waterdown ON L0R 2H0
11284254_0914
SALES REPRESENTATIVE
TM
905.522.1110
Toll Free 1.877.935.1110 valerie-dalgetty@coldwellbanker.com
BUILDING AND LAND, 161 HWY #8 DUNDAS RARE OPPORTUNITY!
$1,295,000 0914_DJW_0006
Medical/Dental Clinic, Retail, Restaurant, Garden Depot, Veterinary Clinic, just some of the approved uses for this 1.07 acre zoned Commercial Settlement in prime rural location, 2 min to Dundas on high traffic road. Brick and concrete 8000 sq ft building and abundant on site parking. Two vehicle loading ramp, rear garage holds up to 6 vehicles. Purchase now and make your plans while leasing back to Seller. Showings only after 6 p.m. Call Valerie Dalgetty-Righton, Sales Rep, Coldwell Banker Pinnacle Real Estate, Brokerage, at 905 522-1110 for your personal viewing.
11G COM
1 877-272-2952 | development@obsidiangroupinc.com
GREAT FRANCHISE OPPORTUNITIES In Western New York:
Batavia, NY, Court St. o Cheektowaga, NY, Walden Galleria o Williamsville, NY, Main St. o Buffalo, NY, Fountain Plaza o Tonawanda, NY, Sheridan Dr.
THE OFFICES AT
7777 WESTON RD. AT HWY 7 • 10-STOREY OFFICE BUILDING
OWN YOUR OWN CONDO OFFICE FROM
$293,000*
www.LoveWhereYouShop.ca | 647-317-3993
WESTON RD.
BUY / LEASE TODAY!
HIGHWAY 7
HIGHWAY 404
READY!
HIGHWAY 400
The Offices at Centro Square
• FLEXIBLE FLOORPLANS
• AMPLE SURFACE & UNDERGROUND PARKING
HIGHWAY 427
OFFICES
8302229_0914
o
HIGHWAY 407
STEELES AVE.
*PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE. ALL ILLUSTRATIONS ARE ARTIST’S CONCEPT ONLY. © 2014 LIBERTY DEVELOPMENT CORPORATION. ALL RIGHTS RESERVED. BROKERS PROTECTED.
11284516_0914
12G 32606 Comm Investor HP_final.indd 1 WERO COM
2014-02-24 9:29 AM
Volume 14 Issue 02
1
Commercial Real Estate & Business Opportunities
Featuring the best selection in industrial, commercial and investment opportunities REAd By OvER 100,000 BuSiNESS REAdERS!
index Kitchener, Waterloo & Guelph . . . . . . . 4 Southwestern Ontario . . . . . . . . . . . . 15 Hamilton . . . . . . . . . . . . . . . . . . . . . 24 Greater Toronto Area . . . . . . . . . . . . . 36 Central Ontario . . . . . . . . . . . . . . . . . 55 Eastern Ontario. . . . . . . . . . . . . . . . . 58 Niagara . . . . . . . . . . . . . . . . . . . . . . 63 Business Opportunities . . . . . . . . . . . 69
diSTRiBuTEd iN OvER 1,700 lOCATiONS!
hawkesbury
HuGE COvERAGE AREA - WiNdSOR TO OTTAWA!
gatineau Rockland
Arnprior
Hull orleans Renfrew Ottawa
Kanata gloucester nepean
Get the full coverage you need – advertise in Commercial investor
haliburton
smiths falls collingwood
Cornwall
charlottenburgh
georgina Brock
Bradford
Lindsay
Peterborough
uxbridge
Newmarket
Orangeville
cobourg
campbellford
Oshawa Bowmanville
Mississauga Waterloo Guelph oakville Kitchener
next issue:
Toronto
March 29, 2014
cambridge Burlington
Hamilton
Ancaster
Woodstock Brantford London
Haldimand tillsonburg
Advertising deadline:
St. Catharines Niagara Falls
March 18, 2014
Welland Fort Erie dunnville
nanticoke
gananoque
Kingston Belleville Trenton
Markham caledon pickering georgetown vaughan scarborough Brampton
grand Bend
elizabethtown
orillia
Barrie port elgin
goderich
Maxville
Augusta
Owen Sound
listowel
Sarnia
Manotick carleton place Mountain Merrickville perth Morrisburg
Simcoe
Norfolk
For advertising information call
Chatham
416-784-5060 Toll Free 1-877-269-8257 or e-mail us at: thecommercialinvestor@wall2wallmedia.com
Windsor
Published by: diRectoR of sAles Josh Heppner
401 The West Mall, Suite 500 Etobicoke, ON M9C 5J5
MediA consultAnt Doreen Wills
Tel: (416) 784-5060 Fax: (416) 789-9705 Toll Free: 1-877-269-8257
sAles co-oRdinAtoR Jennifer Mardini, Nobia Bhatti (on leave)
vice pResident WAll2WAll MediA Jacqueline Hill
senioR pRoduction MAnAgeR Bala Gnanapandithan pRoduction MAnAgeR Nikki Yarwood
editoR-in-chief diRectoR of content Susan Legge
pRoduction co-oRdinAtoR Lindsey Burton
editoR Elisa Krovblit
ciRculAtion inquiRies 1-866-580-5960 ext.3242
Copyright Notice: All copyright and other intellectual property rights in the contents hereof are the property of Wall2Wall Media™ and not of the customer. The customer has purchased the right of reproduction in The Commercial Investor only and does not have the right to reproduce the ad or photo in any other place or publication. Contents of this publication are covered by copyright and offenders will be prosecuted under the law. Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. Copyright 2014 Copyright 2014 Wall2Wall Media™. All rights reserved by Wall2Wall Media™, Toronto, Ontario, Canada. Reproduction, storage in a retrieval system or transmission in any form or by any means, whether electronic, mechanical or otherwise, in whole or in part, without the
Please say you saw it in The Commercial Investor
prior written permission of Wall2Wall Media™ is strictly prohibited. Published every month by Wall2Wall Media™. Terms Advertisers and The Commercial Investor are not responsible for typographical errors, mistakes or misprints. Payment in full must accompany the insertion order by cheque or money order only. Insertion by phone: we accept Visa and Mastercard. Please check your ad for accuracy, the first issue it appears. If you find an error, report it immediately. The Commercial Investor will not be responsible for more than one correct insertion. Please recycle this magazine! Wall2Wall Media participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.
2
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
special features 12 in the news — investors have greater confidence in their personal finances than they do in the economy 22 Business savvy — First steps to starting a small business – what do entrepreneurs look like? By George Grignano and Will Townsend
26 in the news — Federal budget earns a silver medal: CPa Canada 30 news — Canadian commercial real estate continues to outperform 46 Money sense — small business owners heading into retirement may be underestimating value of their business: scotiabank study 50 in the news — symmetrical, flexible inflation target continues to serve Canadians well
22
52 ProFile — love where you shop! liberty Development Corporation offers an array of office & retail opportunities 56 Money sense — small business checklist for filing taxes 60 Business savvy — a CGa can help your small business 62 Business savvy — tax tips and credits for your small business 64 in the news — Federal Budget gets a bronze from small business: CFiB
56 Glossy section editorial 14G leGally sPeakinG — rental applications -when can landlords retain deposits? By Jayson Schwarz and Konstantine Chatzidimos
20G treB rePort — Gta commercial realtors report latest commercial market figures
Please say you saw it in The Commercial Investor
52
Volume 14 Issue 02
3
Commercial Real Estate & Business Opportunities
opportunity is knocking
Don’t miss any opportunities!
subscribe today!
Have 3 issues of the commercial investor
DElivErED DirEctly to your Door– for free! Keep yourself up-to-date with a subscription to The Commercial Investor. Have the latest issue delivered to your door for three months.
✔the newest opportunities ✔informative Editorials ✔the Best selection To subscribe, simply mail or fax a completed Subscription Form (below) or email your subscription information in confidence to: thecommercialinvestor@wall2wallmedia.com *Interested in an annual subscription? Call 416-784-5060 or Toll Free 1-877-269-8257 for details.
✔yes, i want 3 FrEE issues!* Name/Company: _________________________________________________________ Address: ________________________________________________________________ Mail your completed form City: _____________________________ Province: ______ Postal Code: ____________ along with your payment to: the commercial investor Phone : (_______)______________________ Fax : (_______)_____________________ 401 the West Mall, suite 500 Etobicoke, on M9c 5J5 Date: ____________________________ Signature: _____________________________ Fax: 416-789-9705 Or, email us at: thecommercialinvestor@wall2wallmedia.com *Canadian Residents Only
Please say you saw it in The Commercial Investor
4
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
Kitchener, Waterloo & Guelph section COverIng: Cambridge • Durham • Elora • Fergus • Guelph • Kitchener • Waterloo For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor
Volume 14 Issue 02
5
Royal LePage
519-745-7000
Unit 15C, 370 Highland Road West, Kitchener, ON N2M 5J9
Mike Milovick B.B.A., Sales Representative
CI@TeamMilovick.com
fax: 519-489-1333
www.TeamMilovick.com
8302191_0914
Grand Valley Realty bRokeRaGe independently owned and opeRated
Kitchener/Waterloo Guelph & Cambridge
Commercial Real Estate & Business Opportunities
Invest in Ontario’s Number 1 Town Today!
Subscribe: Latest KWC Real Estate News: www.FaceBook.com/TeamMilovick 119 UNIVERSITY AVENUE WEST, WATERLOO
1,530,000 • High density MR 25 zoning • MLS* 0914_DJW_1_0073
• $82,000+ Gross • Newer, purpose built • 15 Student Triplex • Easy Walk to UW/Uptown
• 90 Walk Score
0914_DJW_1_0057
• $39,000 + Potential Gross Income! • Desirable 5+2 Bedroom Layout • Steps to Waterloo Park, Easy Walk to Universities • Walk score of 87 • 5.77% Cap • 7.26% Cash on Cash • Over $7,000+ Potential Cash Flow • MLS*
569,900 • ESA and HVAC Certificates
424,900
$ 0914_DJW_1_0058
423 TAMARACK DRIVE, WATERLOO
429,900
• $48,000+ Annual Gross Income • Desirable 5 and 4 bedroom layouts Available! close to both Universities • 9 student city-approved, rental • Spacious bedrooms, two car garage licensed property for landlord or tenant storage. 0914_DJW_0018
0914_DJW_0019
426 TAMARACK DRIVE, WATERLOO
429,900
$
• $35,000+gross annual income • 4 bedrooms upstairs, 3 bedrooms downstairs • Fully licensed, city approved
130 MARSHALL STREET, WATERLOO
0914_DJW_0021
2-455 ALBERT STREET, WATERLOO
249,900
$
• Close proximity to student staples: coffee, pizza, beer stores, four bus routes • MLS 0914_DJW_0017
• Opportunity abounds! • $26,000+ Gross Annual Income • Increase bedrooms in home!
$
• Expand footprint for more rooms! • Popular Student Street • MLS* 0914_DJW_0022
• $156,000+ Gross Annual Income • Purpose built building • 7 plex
120 MANSION STREET, WATERLOO
• 28 students • Picture on my website, www.teammilovick.com •MLS* 0914_DJW_0027
4 535 PARK ST., KITCHENER
13.00 PSF
199,900
$
$
• Investment with a cool factor! • $1250 monthly income • Authentic loft living • High ceilings, exposed brick
0914_DJW_0020
1,799,900
$
• Good clean tenants • MLS*
• Huge backyard • Easy walk to both universities. • MLS*
8 COLUMBIA STREET WEST
395,900
$
• $26,000+ Gross Annual Income • Leases in place until at least August, 2014 • City Approved, Class D Rental • Licenced Property
$
144 ERB STREET WEST, WATERLOO
$
• $35,700 Gross annual income • 7.16% yield with 20% down • Nearly $7,000 positive cash flow after debt service
579,900
$
29 YOUNG ST. W. WATERLOO
• $44,000+ Gross • Classic Student Triplex • Extensive Fire Retrofits • Long term Rental Potential
465 HAZEL STREET, WATERLOO
975,000
$
• $99,000+ Gross Income • Rental Licensed triplex • 17 students • Steps to both UW and WLU
52 NOECKER ST. WATERLOO
• Close to vibrant, downtown Kitchener • MLS* 0914_DJW_1_0046
• $13.00 PSF • 1076 Sq ft • Across from the General Hospital
Please say you saw it in The Commercial Investor
• Great for Dentists • 3 exam rooms, plus office • MLS 0914_DJW_1_0072
6
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
Kitchener/Waterloo Guelph & Cambridge
Whitney & Company Realty Ltd., Brokerage
INVESTMENT OPPORTUNITIES 185 GLASGOW ST, KITCHENER
41 CONROY CRESCENT, GUELPH
• Freestanding building in Belmont Village • Corner location, ample parking, pylon signage • Leased to April 2015. NOI $72,000 per annum MLS • $1,395,000 0914_DJW_1_0053
416 LANCASTER ST W, KITCHENER
• 21 unit apartment building • Condo titled • Recently renovated, fully leased • New Price $2,890,800
MLS 0914_DJW_1_0029
• 4 storey Brownstone stacked townhouses • 17 units on 0.30 acres • Brand new carefree investment - rent upside • $3,500,000
261 FREDERICK ST., KITCHENER
MLS 0914_DJW_1_0052
90 DOON VALLEY DR., KITCHENER
• Purpose built 10 bedroom student rental building • Less than 5 min walk to Conestoga College • NOI $42,268.87 per annum MLS • $629,900 0914_DJW_2_0055
1015-1051 KING ST E KITCHENER
• Redevelopment opportunity • 25,250 sq ft on 1.19 acres • Zoned for high density development • $2,295,000
• Centrally located 20 Unit, 5 storey walk-up • Many capital improvements completed • On site parking • $2,400,000
689 DOON VILLAGE RD, KITCHENER
0914_DJW_1_0023
• Renovated & fully leased tri-plex • Main floor commercial unit • Residential upper levels • New Price $459,000
87-93 CEDAR ST. S, KITCHENER
MLS 0914_DJW_1_0054
• 4 storey Brownstone stacked townhouses • Brand new 36 units on 0.50 acres • Seller to convert to condo prior to completion • $6,700,000
159 CHURCH ST., KITCHENER
• Completely renovated 6-plex • Onsite parking • Fully leased • New Price $775,000
excL 0914_DJW_0011
excL 0914_DJW_0012
47 CHARLES ST. E., KITCHENER
MLS 0914_DJW_2_0053
• Recently renovated 6-plex • Walking distance to downtown core • Separately metered utilities • New Price $649,900
54 BRIDGE ST W, KITCHENER
• 1.23 acre multi-res development site • Preliminary site plan approval for 32 unit apt bldg. Suitable for stacked townhouses or retirement facility excL • $1,350,000 0914_DJW_0014
MLS 0914_DJW_0013
89-103 MAIN STREET, CAMBRIDGE
• Main floor retail/office units available • From 2776 to 4150 sq. ft. • Asking $8.95 psf net
excL 0914_DJW_1_0097
8157182_0914
John Markou, Sales Representative john.markou@whitneyre.com Ext 242
Christopher Coupal, Broker, CCIM christopher.coupal@whitneyre.com Ext 238
519-746-6300
James Craig, Sales Representative james.craig@whitneyre.com Ext 259 Although the information contained within is from sources believed to be reliable no warranty or representation is made to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. Whitney & Company Realty Ltd., Brokerage.
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
7 Kitchener/Waterloo Guelph & Cambridge
Commercial Real Estate & Business Opportunities
Whitney & Company Realty Ltd., Brokerage
Leasing OPPORTUniTies 150 KING STREET SOUTH, WATERLOO
• Freestanding building in downtown core • Perfectly suited for live-work space • 1,450 sq. ft. over two floors • $2,500/month net
MLS 0914_DJW_0015
92 KING ST. S., WATERLOO
• Great open concept 2nd floor space • Own private entrance • 2,032 to 4,065 sq. ft. • Located in heart of uptown Waterloo
MLS 0914_DJW_1_0028
MLS 0914_DJW_2_0058
• 1,049 sq. ft. retail/office space • Great exposure on roundabout • Ample, free on-site parking • $19.95 psf net
MLS 0914_DJW_1_0038
• 2,000 to 12,670 sq. ft. available • 2nd floor commercial/office space • Prominently located at King & University • $18.00/sq. ft. net
MLS 0914_DJW_0016
• 1,227 sq. ft. retail unit • Great location south of University & Weber • Join Money Mart, Wendy’s & Insight Eye Care • $25.00/sq ft net
• 696, 1,061 & 2,250 sq. ft. retail/office • Located on public transit. On-parking. • Convenient location • $2.50 & $7.45/ sq. ft. net.
MLS
• 1,465, 1,482, 1507 sq. ft. retail/office • Brand new building • Patio space available with end unit • $20.00/sq ft net
2 KING ST. N. # 6, WATERLOO
MLS 0914_DJW_1_0048
James Craig, sales Representative james.craig@whitneyre.com ext 259
MLS 0914_DJW_1_0037
105 OAK PARK DRIVE, WATERLOO
0914_DJW_3_0046
• 1,109 sq. ft. retail/office unit • Street frontage onto Erb Street • Great location in Uptown Waterloo • $16.95/sq ft net
MLS 0914_DJW_1_0019
101 HAZELGLEN DR, KITCHENER
239 WEBER ST. N. #2, WATERLOO
150 WISSLER RD #3, WATERLOO
• 1,000 sq. ft. unit in plaza • Could be restaurant, retail or office use • Great plaza location with onsite parking • $16.95/sq ft net
• 820 - 9,605 sq. ft. retail/industrial units • New owner - improving property • Great access to Hwys 7, 8 & 85 • From $6.00 per sq. ft.
260 DOON SOUTH, # 8, KITCHENER
258 KING ST. N, WATERLOO
501 KRUG ST, KITCHENER
• 839 & 2,724 sq. ft. office • Busy Krug Plaza location • Onsite parking • From $10.00/sq ft net
1595-1601 VICTORIA ST. N. KITCHENER
MLS 0914_DJW_2_0047
646 ERB ST. W. # 107 WATERLOO
MLS 0914_DJW_1_0049
• 2,523 sq. ft. retail/office unit • Great opportunity in fast growing area • Adjacent patio included at no charge • $28.00/sq ft net
Matthew Dickson, sales Representative matthew.dickson@whitneyre.com ext 261
11264450_0914
MLS 0914_DJW_1_0050
519-746-6300
although the information contained within is from sources believed to be reliable no warranty or representation is made to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. Whitney & Company Realty Ltd., Brokerage.
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
Kitchener/Waterloo Guelph & Cambridge
Albert Fish Associates Limited R e A L e s tAt e b R o k e R A g e
Kenneth G. fish, Broker of record
11270688_0914
8
for lease Guelph
1.866.822.4066 2,604 sq. ft. finished tanning salon complete with 14 tanning beds.
0914_DJW_0004
11279785_0914
FIVE
850,000
11284674_0914
Please say you saw it in The Commercial Investor
2,500 sq. ft. end cap with patio 15 feet by 70 feet, commercial retail uses including restaurant permitted.
0914_DJW_0024
9
Commercial Real Estate & Business Opportunities
0914_DJW_0097
4-6 KING STREET SOUTH WATERLOO
25 YOUNG ST E WATERLOO
$599,900
• Investment Property - 7,900SF • Main floor commercial Tenant • 2nd Floor long term residential Tenant • 3rd floor available unit for owner to live or for rent
Stunning property in the heart of Uptown Waterloo with plenty of parking in the rear. Tastefuly converted office space meticulously maintained with tons of character and curb appeal. Features two floors of office space with high end finishes and a walk-out basement ideal for file storage. Fully equipped kitchen on the second floor as well as spacious three piece bathroom. Unique opportunity!
D
450 FREDERICK STREET, KITCHENER
BUSINESS FOR SALE OL
$9.50/SF
• Rim Park Skate Shop • Waterloo, ON • Owner Retiring • $99,900 • Great hours; part time hours, opportunity to increase sales
$359,900
Great exposure on King Street located directly beside Tim Hortons on main arty of St. Jacobs. This 3 bedroom 2 bathroom home features large principal rooms, oversized attached garage, fully fenced lot, newer furnace. M-5 zoning allows for many commercial uses.
FREDERICK MALL, KITCHENER
0914_DJW_3_0039
0914_DJW_0098
S
1223 KING STREET ST, JACOBS
Various square footages available from 400SF to 5,100SF, elevator, onsite parking, on expressway, Landlord will renovate to suit for qualified Tenants.
0914_DJW_1_0104
0914_DJW_1_7075
S
D L O
6000 sq. ft. restaurant situated on .87 of an acre lot zoned C-6. Ideally located on main artery close to downtown Kitchener. Seating for 400 patrons plus 85 seat patio. Features ample parking, fully operational kitchen and great exposure.
0914_DJW_1_0061
• For Sale: 1.395 M • Thornbury, ON • Existing Gas Bar • Re-development
0914_DJW_2_0078
Great location in the heart of Downtown Kitchener. Featuring 6,400 sf of main floor retail space and 10,800 sf of upper office space together with 4 bachelor apartments, situated on a high traffic intersection, and fully leased. Asking $1,799,900. MLS.
$869,900
$1,295,000
0914_DJW_2_0057
1458 WEBER STREET E., KITCHENER
$1,799,900
0914_DJW_1_7777
MIXED USE BUILDING IN DOWNTOWN KITCHENER
• Retail units and Pad Site available • Mall undergoing extensive renovations • On Bus line • On Expressway • Join Valumart, CIBC, Dollarama and many more
D SE DUMFRIES INDUSTRIAL NORTH A E Close to Guelph, Tim Hortons. Ideal for restaurant ForL sale: $2.2M. 15,000SF - fully leased. On 4
PORT ELGIN
ROCKWOOD, ON
For lease 2,400 SF, only unit in 30,000 SF plaza, former Curves space, excellent location, unit in great condition
& services uses. Pre-leasing.
acres, backs onto Hwy #401 11283607_0914
RYAN BRIGGS
DUNCAN McLEAN
SALES REPRESENTATIVE
CELL
519.498.5775
Ryan@cmarealty.ca
SALES REPRESENTATIVE
KITCHENER, ONTARIO
519.578.0337
CELL
519.590.7997
Duncan@cmarealty.ca
Please say you saw it in The Commercial Investor
Kitchener/Waterloo Guelph & Cambridge
Volume 14 Issue 02
10
Commercial Real Estate & Business Opportunities
Kitchener/Waterloo Guelph & Cambridge 8331512_0914
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
11
Commercial Real Estate & Business Opportunities
Kitchener/Waterloo Guelph & Cambridge
Volume 14 Issue 02
8171433_0914
Please say you saw it in The Commercial Investor
12
inthenews
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Investors have greater confidence
in their personal finances than they do in the economy 65 per cent say they are satisfied with their personal financial situation 51 per cent say they are worried about the economic situation in Canada
C
anadian investors are starting the year with a positive outlook about their personal financial situation according to the Standard Life Investor Confidence Index. Developed as an approach based on social values, the Standard Life Investor Confidence Index aims to better understand investors’ confidence and satisfaction by asking them where their personal finance, investments and the overall economy fit into their broader life goals and concerns. This year, the Standard Life Investor Confidence Index shows that investors’ overall confidence increased by seven points from the Index baseline year of 2011.
“We want to understand what motivates investors, to get at the root of their hopes, aspirations and worries. Instead of asking about financial products and outcomes, we designed our questions based on the inputs that drive them to be more or less engaged with their finances,” said Anna DelBalso, Associate Vice-President, Market and Business Intelligence.“Investors seem to have lingering concerns about the overall state of the economy, but they are quite satisfied with their own financial situation and acknowledge that they are primarily responsible for their retirement savings.” The Standard Life’s Investor Confidence Index shows that Canadians are more satisfied with their personal financial situation (65 per cent) and feel more secure about their employment situation (55 per cent), compared to two years ago. When it comes to ensuring that they have sufficient savings to retire, three-quarters of them (76 per cent) believe they play the most important role, followed by government authorities (56 per cent), employers (52 per cent) and financial institutions (39 per cent). “In spite of the many contradictory economic forecasts and predictions published over the last few weeks about
how the Canadian economy will fare in 2014, several measures in the Standard Life Investor Confidence Index show improvement,” said David MacDonald, Group VicePresident, Environics Research Group.“At the end of the day, although top-down modeling has a role in forecasting the economy, investors’ collective actions have a big part to play in how it actually fares.” Mrs. DelBalso added: “Various research and data, in addition to our own, are showing encouraging signs. A subset of Canadians has already taken advantage of the market movements, but the vast majority is not there yet. While investors are satisfied with their own financial situation, most of them still seem concerned about the economy and more focused on protecting their capital rather than maximizing their investments. We believe they could be more proactive, speak with their advisors and choose investment vehicles to access the growth potential of the market.” Standard Life offers a comprehensive program to help investors better understand what’s holding them back from investing for the long term. Canadians are invited to visit www.financial-inertia.com to learn more about the solutions available to them and to start the conversation with their advisor. In 2011, Standard Life developed an approach based on social values to better understand investors’ confidence and satisfaction by asking them where their personal finance, investments and the overall economy fit into their broader life goals and concerns. Questions are built to understand the inputs that drive investors to be more or less engaged with their finance, instead of asking about financial products and outcomes. The Standard Life Investor Confidence Index is based on the online answers of 1,501 Canadians, aged 18 years+, surveyed between October 20 and 24, 2013 by Environics Research Group. Standard Life provides long-term savings, investment and insurance solutions to more than 1.4 million Canadians, including group retirement and insurance plan members. Standard Life in Canada has been doing business for 180 years and has approximately 2,000 employees. It operates under Standard Life Financial Inc., which wholly owns The Standard Life Assurance Company of Canada and Standard Life Mutual Funds Ltd.
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
13 Kitchener/Waterloo Guelph & Cambridge
Commercial Real Estate & Business Opportunities
The Cliff Rego Diamond Award Winning Team:
• Placed Top 20 in Canada* • Top 1% in the world for RE/MAX** *Re/Max International Statistics 2012 **For markets with population of 50,000 to 150,000
519.740.7222
CLIFF REGO BROKER
$5.00/SQ. FT.
Real Estate Centre Inc. Brokerage
519.623.6200
$1,500/month all-in (except HST) for 2000 sq.ft. of prime space. Store front. Great exposure. Extensive pedestrian & auto traffic. Lots of off street parking. Convenient area. MLS® 1395744
High visibility - extensive traffic exposure. Quick & easy access to major roadways. Zoning permits office, warehouse, wholesale, vehicle sales & service, etc. MLS® 1411335
$1,500/MONTH
4913_DJW_1_0055
Brokerage OFFICE
519.767.2392 TOLL FREE
1.800.461.9416
0514_DJW_2_0096
Situated in high traffic area. Offering abundant parking! Great opportunity w/loads of space & lrg windows providing abundant $8.00/ SQ. FT. natural light. Space includes office areas, kitchenette, bathrooms & lrg open concept area. MLS® Park Hill. 0514_DJW_1_0062
T R A I L E R PA R K S M A K E G R E AT I N V E S T M E N T S W I T H STRONG CASH FLOW! Open only 6 months a year they afford owners plenty of time off in the winter. NEWLY LISTED COTTAGE RESORT! Waterfront cottage resort 1 hour drive from Kingston and Ottawa. This great little resort is on 25 acres with approximately 1,000 ft of waterfront. There is a 3 bedroom, 10-year old log home with walkout basement and 1 rental cottage, 2 3-bedroom and 9 2-bedroom. Not only can you operate this property as an ongoing cottage rental business, but it would also make a great privately owned compound. Developers might also consider a redevelopment of the property.
DOUGL A S R IEL LY Broker of Record
820.6571
519
8305540_0914
Restaurant, Variety Snack Bar, Speciality Shop, with many more possibilities! Great money maker or start/ move your business and have income! Ten$9.41/SQ. FT. GROSS $192,500 ant upstairs looking to stay long term. Many Turnkey auto body operation. Complete, modern, fullyupdates! Approx 1900 sqft building plus basement. Live- equipped auto body facility. All new equipment in 2013. Loads of secure parking. MLS® 1395741 Work also a possibility. MLS® 1395718 4913_DJW_0012 4913_DJW_0013
EMPIRE REAL ESTATE SERVICE LTD.
11269765_0914
Each office independently Owned and Operated
DouglasRielly@gmail.com
MUSKOKA FAMILY CAMPGROUND This park is located less than 2 hours north of the GTA on 90 acres of beautifully treed property and on a high traffic highway. Currently it has 250 sites and can be expanded by another 125. There is a large swimming pool, rec. hall, newer house for the owner or manager to live in, a store and reception area and several rental cabins. Most of the sites are rented to seasonal campers with a few retained for USE by overnighters. All water, hydro and septic systems are in excellent condition and this park is a money maker with very strong upside potential.
NEW LISTING IN GOD’S COUNTY Escape the big city life to this gorgeous waterfront trailer park and cottage resort on Lake Nippissing. 50 full service sites, 6 incredible cottages, state of the art septic and water systems, newer maintenance shed. Open 6 months of the year, this park is full of retired couples who go south in the winter. No money needed to upgrade anything at this park, just enjoy the lifestyle.
w w w. t r a i l e r p a r k s f o r s a l e . c a Please say you saw it in The Commercial Investor
14
Commercial Real Estate & Business Opportunities
Kitchener/Waterloo Guelph & Cambridge
TeAm AmiT Airi
Amit Airi
FULL SERVICE - RESIDENTIAL COMMERCIAL & INVESTMENT
Broker, B. Science, D. Pharmacy
Off:
te a m a m i t a i ri @ g m a i l . c o m 18 stacked townhouses. Building has 78 rooms, 42 bathrooms. Free cable and WIFI to each individual room and building is almost fully rented. Approximately $480,000/yr rental income with a cap rate of 6.7%. An excellent investment property, close to Conestoga College and 401 in Kitchener. mlS #1490173
Please Call for details! $5,499,900
new PlAZA TO Be BuilT!
Now leasing for 2015! New plaza to be built in high end residential area w/ high traffic count. Opposite Catholic and public schools. High rises with approx 250 units to be built across the street, one high rise already being built. Ideal location for medical services, pharmacy, dentist, convenience store, food franchise. Large 3500 sq ft day care already tenanted. Lease rate of $19.95 plus CAM. MLS Exclusive
BUSINESSES FOR SALE Laundromat 69,000 - MLS/Excl. Taxi Companies $ 299,900 - MLS #1394737 $ 399,900 - MLS #1394946 Financials available for qualified buyers Please call Amit for details! $
RE/MAX Real Estate Centre Inc., Brokerage 766 Hespeler Road Cambridge, ON N3H 5L8 Independently Owned & Operated
519.623.6200
BrAnd new Building
Volume 14 Issue 02
|
W W W. A M I TA I R I . C O M
8148789_0914
COMMERCIAL PROPERTIES inSTiTuTiOnAl ZOning $399,900 Great location near 401, Conestoga College, golf courses and minutes to Cambridge. Gorgeous 4.5 acre treed lot with 2.5 acres of open land. Rare 580 feet of frontage great for home based business. The 3800 sq ft building can be renovated to a nice large residential home or a 2300 sq ft home with large separate workshop/storage. Opportunity for investors to build a brand new luxury home. Current house has a huge finished basement with hall and kitchen and walk up to grade. Many options available to the right person. To discuss this opportunity further please call. mlS #1490529
reSidenTiAl & COmmerCiAl $349,900 Excellent opportunity to own an income generating investment property with mix residential and commercial zoning, recently renovated from top to bottom. Huge lot, main floor commercial is leased for $1000/month, upstairs large 2 bedroom apartment is leasing for $1200/month, 80’ X 160’ lot. Please call for details. mlS #1490079
TruCK rePAir SHOP $949,900
Attention Transporters: great opportunity to own a business with property. Well established business comes with all the equipment to run truck tire sales & repairs. One acre property with 5,000 sq ft. built area located on great location with easy access to 401. Zoning allow outside storage. Outdoor parking. Excl./MLS
STriP PlAZA $749,900 Excellent investment opportunity! Commercial and residential mix. Commercial plaza consists of 3 Commercial stores, four apartments and single detached house. Rare Cap Rate 8.5%. mlS #1490125
reSidenTiAl lOT FOr SAle - $169,900 Residential lot for sale in central location in Cambridge. Large lot is 58’x130’. Fully serviced. Great oppurtunity! Call for more information. mlS # 1490125
CAr lOT FOr SAle” Price is $349,900 Priced to sell! Car Lot with two bay garage and office located on one of the busiest roads in Kitchener with excellent location, great exposure and many new upgrades such as new furnace and exterior work. Parking for 25 cars. Close to new planned LRT terminal. mlS #1490462
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
SouthweStern ontario section
COverIng: Brantford • Chatham • Grey & Bruce Counties • Ingersoll • London • Owen Sound • Sarnia • Simcoe • Stratford • St. Thomas • Tillsonburg • Windsor • Woodstock For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor
15
16
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
GREAT OPPORTUNITY 581-585 WALLACE ST.
Southwest Ontario
10630674_0914
Building located along the Sydenham River in Wallaceburg. 4 residential & 1 small commercial. Good R.O.I. Call for more details. $149,900.
PRICE REDUCED
4513_DJW_2_0066
For more information call
519-436-7229 or 519-351-1008 10630961_0914
Sales Representative
Southampton
Office: 519-797-5500 | Cell: 519-270-3055 e-mail: donamy@bmts.com www.southamptonhomes.ca
9992168_0914
Wallaceburg, On.
PRIME CORNER COMMERCIAL- $499,000 5094 HWY 21, PORT ELGIN
ZONED R-3 - $349,900 G R O S V E N O R S T. , SOUTHAMPTON
SOUTHAMPTON’S MAIN SHOPPING BLOCK $ 1 5 0 0 M O N T H LY
MLS411044000122400
MLS #2011127129
MLS #411048000203600
Desirable corner lot with high visibility, close to Wal-Mart & Canadian Tire. Ideal location for commercial venture requiring high traffic flow. Environmental Assessment Reports 1, 2 & 3 are available. Municipal sewer and water. 0914_DJW_1_0043
0.98 acre lot, ideally suited for town homes or semi’s. Just 2 blocks to downtown & sand beach. Level lot, survey available. Zoning R3 & Environment Phase 1&2 documentation available. Municipal easement to East side of lot. 0914_DJW_1_0402
1200 sq. feet of prime retail space on Southampton’s main shopping block. Bldg in excellent condition, modern styling, centre door with two large display windows, ramped access at front entrance, staff parking at rear and AC. 0914_DJW_0005
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
17
Century 21 Heritage House Ltd., Brokerage Independently Owned and Operated
Business is at a Crossroads... It’s called Woodstock, Ontario
Office: 519.539.5646
UPDATES ARE DONE!
ESA and Fire Dept approvals, very efficient, low maintenance building. 1200 ft retail space and two, one bedroom ‘loft’ apartments have separate hydro meters. Rear apartment has covered deck. High efficiency boiler heats all 3 units; gas bills totalled less than $950. New roof Feb. 2011. Tired of the boss? Book store on main floor could also be purchased as part of your investment. Potential 8% CAP @ $379,900. 363 Dundas St. Call Don. 0914_DJW_1_0036
0914_DJW_1_6666
SHOWCASE YOUR BUSINESS HERE!
Approx. 2300 sq. ft. in this well-maintained, one-floor building. Super corner location just off Dundas St. Interior houses showrooms, offices & warehouse with overhead door. C3 zoning offers many possible uses. Also available for lease. Call Dave for details. $274,900. 0914_DJW_2_0028
David Hilderley Sales Representative 519.537.1469 www.DavidHilderley.com david.hilderley@centrury21.ca
Don Patchett Sales Representative
Cell: 888.314.6333
www.DonPatchett.com don@donpatchett.com
Tracey Sherman Sales Representative 519.532.9642 Your Friend in Real Estate
DOWNTOWN CORE
NEW IN 2005
Solid office building on Highway 2 in Woodstock. Great tenant, high visibility location, plenty of parking. Rebuilt from foundation up in 2005 on 50 x 114 lot. Price includes adjoining 50 x 114 lot. Rear patio area is bounded by foundation ready for future expansion. 899 Dundas St. $549,900. Call Don.
Former fur storage facility has secure vault on second floor, residential development potential. Retail space completely updated, exposed brick looks great! Municipal parking at back door, front door & across street. New furnace Feb 2014. 557 Dundas St. $159,900. Call Don.
0914_DJW_2_0077
0914_DJW_3_0077
SUPER LOCATION
Looking for professional office space in Woodstock? This unit features 1100 sq. ft. of finished offices with ample storage, washrooms, and a lunch room. Elevator, handicapped washrooms, generous foyer, large windows for natural light and ample phone/ electrical outlets. Landlord is willing to discuss and implement a different configuration or leasehold improvements. Call Dave. 0914_DJW_1_0090
BUILD YOUR BUSINESS HERE
$79,900. Approximately 1 acre of flat, vacant land located on a major road on the west end of Woodstock. Zoned Highway Commercial C4, there are dozens of opportunities to build your business right here! Call Dave. 0914_DJW_2_0091
LOCK, STOCK AND BARREL! Woodstock’s largest night club. Successfully run by same owner for last 20 years and he’s now ready to retire! Asking 259,000. Price includes all chattels and inventory. Don’t miss this great opportunity. Licensed for 343. Call Tracey.
0914_DJW_1_0083
Please say you saw it in The Commercial Investor
Southwest Ontario
11284406_0914
Commercial Real Estate & Business Opportunities
18
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
LIFESTYLES REALTY LTD. BROKERAGE
198 12th Street E., Owen Sound 519-372-0990
INDEPENDENTLY OWNED & OPERATED
os4sale.com
Southwest Ontario
... BUT THE LIFE YOU GET OUT OF IT!!
IT’S NOT JUST ABOUT WHERE YOU LIVE... This unique property offers seldom seen opportunities to the creative entrepreneurs. Transition from work, to enjoying a glass of wine on the deck while taking in the sunset and the breathtaking views of the bay. Currently used as local restaurant. The open concept allows for numerous possibilities.
Call Sharon for more details.
0914_DJW_0007
0914_DJW_0008
PRIME OFFICE BUILDING IN OWEN SOUND
COMMERCIAL PROPERTY
If your business is looking for exposure, this corner lot offers a fully renovated, contemporary office space with downtown location. For details on sale or leasing of this property call Sharon.
177937 Grey Rd. 18 with excellent exposure, offices, warehousing with overhead doors and so much more.
0914_DJW_0058
0914_DJW_0059
Sharon Vanderschot
226-923-0485 sharon@os4sale.com
Broker of Record/Owner
11258272_0914
George Gicopoulos
Sales Representative
Royal LePage Triland Realty, Brokerage*
0914_DJW_0093
LONDON FAMILY RESTAURANT - $420,000
Here is your opportunity to own one of the most successful longest running family style restaurant in the city and probably the most well know with a great reputation, great sales and profit. A true London landmark in the hospitality industry. Call George today.
DOWNTOWN LONDON PROPERTY $525,000
PROPERTY & BUSINESS - $1.4 MIL
Popular restaurant/bar with pizza take out and delivery. Well known with great reputation and increasing revenue for the past 10 years. Licensed for 240 inside and out. Free standing 3485 sq ft building with great patio on approx. 1.3 acres of land located on main artery near to proposed new arena minutes from Hwy 401. 1.5 hours from GTA. Profitable, popular and priced to sell. Unbelievable Sales!
0914_DJW_0095
Presently and for over 40 years operating as restaurant by the same owner. Same use maybe continued with the bus stop at the front door or could be ideal for many other uses that will benefit from this great location on Dundas and Richmond St intersection. Price included property and restaurant business. Owner will sell property only and remove chattels if need be. Ideal for variety store, fast food, etc. Great foot traffic by the front door. 2400 sq ft on main floor.
PUB/RESTAURANT/POOL - KW - $695,000
Eat, Drink and Play is the motto and make some serious money. Great business in A-1 condition. Unbelievable sales with excellent bottom line plus generous management wages. Great long term lease. 5,000 sq ft on main floor plus fully finished 5,000 sq ft lower level banquet room. Simple easy to operate. Owner will train. 0914_DJW_0096
0914_DJW_0092
STRATHROY - $895,000 Magnificent building, circa 1889 with it's impressive architecture and Clock Tower towering over the middle of Town. This historic building houses the impressive, upscale 'Clock Tower Inn' with 8 recently and completely renovated suites, plus the successful 'Strathroy Ale House' Pub/Restaurant with an excellent patio. Sale of 'business only' will also be considered with option on the property. Call George for details.
0914_DJW_0094
0914_DJW_1_0032
Office: 519.672.9881 Direct: 519.672.9891 ext 241 ggicopoulos@royallepage.ca www.georgegicopoulos.com www.royallepagecommercial.com *Independently Owned and Operated Southwestern Ontario Businesses/Properties 8155109_0914
ST THOMAS MECHANICS - $195,000
Great spot for auto sales/repairs. Surrounded by numerous auto related businesses. Two buildings one used for storage and one of about 800 sq ft used for auto repairs with two grade level doors plus office. Just under 1/2 acre of land 75 feet frontage x 265 feet depth.
Please say you saw it in The Commercial Investor
19
Southwest Ontario
Commercial Real Estate & Business Opportunities
11233202_0914
Volume 14 Issue 02
8471319_0914
11270887_0914
Please say you saw it in The Commercial Investor
20
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
15,000 SQ. FT - $389,000
0514_DJW_0016
DEVELOPMENT OPPORTUNITY 0.90 ACRE SITE
Charming old building similar to the Distillery in Toronto, with arched red brick windows, and large wooden ceiling beams. Located in downtown Woodstock (just off the 401). You’d have it paid off with what you’d save in rent or taxes. Excellent investment with lots of commercial development within a one block radius. Various upgrades. Suits commercial, retail or even light industrial.
619 Dundas * 629 Dundas * 620 Dundas* Located in Old East Village in London, ON. For more information or to view this assembly of properties Please Call.
Asking $1,650,000 PETER MULLINS, Broker of Record Peter Mullins Realty, Brokerage 888.878.0004 petermullinsrealty@gmail.com
For details, ask for Terry
519.533.7193 416.953.8777
info@northernstoneworks.com
11281976_0914
Renate SiebeR-Schlegel land exchange ltd. brokerage
Wingham
broker of Record
519-357-3332
cell:
519-531-1177
Independently Owned and Operated
262 Josephine St., Wingham
11264376_0914
www.remaxlandexchange.ca
$209,900
DEVELOPMENT SITE
410 Shuter Street, Wingham ZONED and Ready to Go Busy well established turn key operation on a busy truck route, including restaurant, convenience store and gas station. Building is recently renovated (2012-2013) and sits on a large 3+ acre lot. Restaurant seats 59. Environmental study available. Close to 4 campgrounds.
for up to 23 dwelling Units Prime Residential 1.6 Acre Development Close to Hospital and Schools
$325,000
4513_DJW_0077
$385,000
EXCLUSIVE
$525,000
PRIME COMMERCIAL/ DEVELOPMENT
PRIME COMMERCIAL/ DEVELOPMENT property in the centre of Wingham/North Huron; Highway Commercial zoning; Environmental Study Available.
in the centre of Wingham; highway commercial zoning; Environmental Study Available.
Call Listing Agent for full information package.
Call Listing Agent for full information package.
2513_DJW_1_0136
Please say you saw it in The Commercial Investor
MLS# 262000
2513_DJW_1_0137
11283384_0914
Southwest Ontario
0514_DJW_0031
FOR SALE
|
INVESTOR TO INVESTOR
|
INVESTOR TO INVESTOR
499-519 Kathleen Ave., SARNIA $1,508,000
189-195 Mitton St., SARNIA $1,049,000
0914_DJW_0101
0914_DJW_0102
Here is a great opportunity to own a 14 unit Townhome. The holding is in such a way as it must be sold as one parcel and consists of 14 Townhomes at 499-519 Kathleen Ave, plus a 12 Plex Apartment that sits right beside it at 892 Wellington Street. The Townhomes are 2 story, 2 bedroom, where the tenants pay heat and hydro.
892 Wellington St., SARNIA $883,000
This is a gorgeous building with a stone and brick finish. Nestled in the downtown region, this is a perfect building for the Investor that wants to buy combination Residential and Commercial Plazas. Gross income of nearly $94,000 per year and expenses of approximately 25, this is a show boat of a property. Here is a great opportunity to add to your existing portfolio or start a new venture. 7 Residential & 3 Commercial Units.
INVESTOR TO INVESTOR
126 East St., SARNIA $659,000
116 East St., SARNIA $399,000 Fantastic opportunity not only to own Commercial space but also Residential space in the form of a I bedroom and a 2 bedroom apartment, plus 2 commercial units. The revenue is good, plus it is in a well-established plaza. With expense only approximately 30 percent of the revenue based at $48,000 per year potentially.
This beautiful 11 plex Unit is ready to be your next investment. Rental potential here is huge and with the right owner can make a big difference in the profit and expenses. These 11 units are 1 bedroom units and are very spacious.
951 Colborne is a Townhome Complex with 10 units that are 2 bedroom and tenant pays for hydro and the owner pays for heat and hot water. These are all self-contained units with ample parking and are rented for an average of $850.00 per month. Note: 961 Colborne is another 10 unit Complex beside 951 and must be purchased together with 951. 961 COLBORNE RD. SARNIA $958,000 - 961 Colborne is a Townhome Complex with 10 units that are 2 bedrom and tenant pays for hydro and the owner pays for heat and hot water. These are all self-contained units with ample parking and are rented for an average of $850.00 per month. Note: 951 Colborne is another 10 unit Complex beside 961 and must be purchased together with 961. 0914_DJW_0103
140 Bright St., SARNIA $249,000 Great little Duplex Unit and is currently used as a Duplex. In a friendly downtown neighbourhood, this Duplex could be converted back to a house. There is an opportunity both ways since it is downtown region.
130-134 Ontario St., SARNIA $199,000 Great opportunity to own a small strip mall in the heart of Sarnia. Whether you are opening your own business or renting to tenants, this is a golden opportunity to own a little slice of the action with 3 commercial units.
MAXIMIZE VALUE – INCREASE PROFIT – DECREASE EXPENSES
RICHARD MILLER Broker, CET, CCC
Dir: 519.868.8328 Off: 519.649.6900
SEE THESE and OTHER LISTINGS at:
www.richardmiller.ca
Richard@richardmiller.ca INVESTOR TO INVESTOR
|
11284560_0914 INVESTOR TO INVESTOR
|
ELITE LTD., BROKERAGE INDEPENDENTLY OWNED & OPERATED 519 York St. London ON N6B 1R4
INVESTOR TO INVESTOR
|
INVESTOR TO INVESTOR
| INVESTOR TO INVESTOR | INVESTOR TO INVESTOR
Beautiful 12 Plex building with 11 (2) bedroom units and 1 (1) bedroom unit. With an average rent of $733, the building is a 2 story with units in the basement. Great opportunity to be purchased as a standalone building. Note: this building is beside a townhouse building at 499-519 Kathleen Ave. with 14 units and must be 0914_DJW_0105 purchased with it.
0914_DJW_0104
|
951 Colborne Rd., SARNIA $959,000 961 Colborne Rd., SARNIA $958,000
INVESTOR TO INVESTOR | INVESTOR TO INVESTOR
| INVESTOR TO INVESTOR | INVESTOR TO INVESTOR
INVESTOR TO INVESTOR
INVESTOR TO INVESTOR | INVESTOR TO INVESTOR
21
Commercial Real Estate & Business Opportunities
RESIDENTIAL • COTTAGE • FARMS • COMMERCIAL • BUSINESS
8143527_0914
Buy With Confidence. Sell With Experience. Brokerage
Goderich on the Shores of Lake Huron
519-524-4473
TOLL FREE 1-888-524-4473 talbotrealty.com 62 A Elgin Ave. East, Goderich, ON N7A 1K2
$699,000
PRIME HIGHWAY LOCATION!
Former Pizza Hut. 1.32 acres, 2,074 sq. ft. building. Parking for 41. Exceptional exposure! Hwy #21 (Bayfield Road) MLS#666372. 0514_DJW_0039
$325,000
LOCATION! LOCATION!
12.6 acres located 2 mins from Goderich. Currently zoned C3. Endless possibilities. Convenient location. MLS#164034. 0514_DJW_0040 COMMERCIAL BUILDING LOTS 1) HIGH EXPOSURE COMMERCIAL! A great start to a successful business is prime location. Take a look at this high exposure vacant commercial land in downtown core area of Goderich. Commercial zoned - C4. An excellent opportunity with several permitted uses. Former location of car wash. Frontage 113.19. Site area 6350 F. $79,000. MLS #499869 2) PRIME DOWNTOWN LOT! Core area on Goderich’s Square. Unique parcel zoned C4 for numerous commercial uses. $79,900. MLS#407200
Please say you saw it in The Commercial Investor
Southwest Ontario
Volume 14 Issue 02
22 businessavvy
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
First steps to starting a small business What do entrepreneurs look like? By George Grignano and Will Townsend
T
he right attributes, a good idea, a plan to make it
Focus – entrepreneurs focus on the big vision and recognize that short-term wins, although important, must add to long-term success.
work and a way to finance
your business is the formula to be followed to become successful. Here are some considerations: What do Entrepreneurs Look Like? Before you start your own business, be sure you have the personality traits that successful entrepreneurs display. The familiar characteristics of a successful entrepreneur include: Optimism – entrepreneurs focus on solutions not problems Passion – the quality that fuels their business and their personal lives Persistence – entrepreneurs keep going in times of adversity and stay focused on the end goal Flexibility – the ability to adapt to a changing environment Education – not formal education but a desire to learn and a drive to improve
Please say you saw it in The Commercial Investor
Continued on Page 68
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
23
Continued from Page 62
Generating A Business Idea If this sounds like you, the next step to setting up your own business is to identify a gap in the market that your product or service will exploit. This is easier said than done and can be the toughest part of setting up your own business. To do this, ask yourself some searching questions. What services or products are missing from the market? Could you invent a new product? What do you dislike about existing products and services? Could you improve them? Using your own life experiences to inspire your ideas can help you spot business opportunities. This will also make you passionate about your product as you will be able to see and sell the benefits. Remember passion is one of the key characteristics of a successful entrepreneur. Turning Your Idea Into A Strategic Plan Studies show that a significant amount of new businesses with no business plan fail within the first two years. The adage is true: fail to plan and you plan to fail. Your business plan reflects how you see your business developing and maps out how you intend to drive your business forward. Your plan should set out your product, your intended market, and your key financial targets such as projected sales and profits. Financing Your Plan Your plan should also show the seed capital you need to start up and your day-to-day working capital requirement. It is vital that your assumptions and estimates are accurate and reasonable. Do this and you will be able to foresee any problems and resolve them before they happen. A robust business plan allows you and potential investors to see how your business may perform in the future. Here are some ways for you to finance your business: ~ Investigate any government support such as grants or loans.
Before deciding on your structure, you should have answers to these questions: ~ Is it important that you limit your personal liability? ~ Does your business need to meet any regulatory requirements that may have a bearing on your business structure? ~ How important is ease and set-up cost? One structure may be easier, quicker and cheaper than another. ~ Do you have an exit plan? If so, consider how the structure choices impact on your plan. The tax and accounting requirements you have to meet will depend on where you operate. Also depending on where you operate there may be government tax incentives so be sure to investigate this. Wherever you are and whatever your business, choosing how to structure your business is an important decision. It is worth seeking professional tax and accounting advice to help you make the right choice. Becoming a successful entrepreneur isn’t easy. Most successful people will tell you there is no right or wrong way and that to be successful you must be willing to fail. If you have the right entrepreneurial characteristics, the right idea and structure your business the right way, you’ll stand a good chance of succeeding.
~ Borrow money from a bank or other lender. ~ Ask for help from friends or family. ~ Look at equity finance, where you raise money from external investors in return for a share of your business. These investors will usually be venture capital firms or business angels. ~ Consider bootstrapping, a way of starting a business without external finance. This method is more strategic and focuses on creating cash flow, minimizing expenses and reinvesting profits. Structuring Your Business How you structure your business will depend on what it is, how you finance it, and your long-term business goals. It will likely be a sole proprietor, partnership, franchise or corporation.
George Grignano, CA, is a Partner at KRP Kestenberg Rabinowicz Partners LLP. www.krp.ca, Accountants For Entrepreneurs in Markham, ON. Will Townsend, CA, is Senior Audit Manager with Cooney Carey in Dublin, Ireland. Both Firms are members of Russell Bedford International, a global network of independent firms of accountants, auditors, tax advisers and business consultants with offices in over 80 countries.
Please say you saw it in The Commercial Investor
24
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
Hamilton COverIng: Ancaster • Caledonia • Cayuga • Dundas • Dunnville • Grimsby • Hamilton • Haldimand • Stoney Creek For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor
Volume 14 Issue 02
25
Commercial Real Estate & Business Opportunities 9742018_0914
cosmo costa SaleS repreSentative
905-662-6666 www.cosmocosta.ca
0914_DJW_0085
Lrg 2 1/2 storey all brick constr semi-detached home. Upper level tenants pay $1400 all in & lwr level $1300 all in. Updtd elec & plumbg, Hi eff furnace, newer windows. Lower unit has to be finished - It’s roughed in. TOTAL INCOME = $32,400 NET INCOME = $27,504
Within the grid of Downtown solid legal 4 plex consisting of 3-1 Br & bachelor. Many recent renovations. Roof reshingled 5 years ago, furnace also 5 yrs new, all updated wiring and plumbing. Seller will assist w/financing. TOTAL INCOME = $29,100 NET INCOME = $22,164
Pride of ownership best describes this investment bldg consisting of 2-2 brs, 2-1 brs, 1 bachlr unit. Solid brick constr. Updated plumbing & electrical services. 4 hydro meters & steel rear fire escape. This property must be sold together w/823-825 0914_DJW_0089 King E. as a package. TOTAL INCOME = $34,560.00. NET INCOME = $27,724,93
Centrally located large four family home with separate hydro meters, large 2 car garage at rear of property. Nice rear yard. All separate entrances. Zoned legal non confirming 4 units. For more detail contact Exclusive Sales Representative Cosmo Costa.
Centrally lctd all brick contr legal nonconforming triplex consisting of 2-3 bdrm units. Updtd plumbg & elec panle, 100 amps. Rear steel fire escape. Many other updts have been done. TOTAL INCOME = $29,100 NET INCOME = $23,040
0914_DJW_0086
Centrally located legal duplex that has been totally renovated. Reshingled roof 2013, electrical & plumbing updated, separate entrances. A real pleasure to show. TOTAL INCOME = $20,400 NET INCOME = $15,516
Excellent 5 unit bldg on a main route. Consisting of 4-1 bedrm & 1-2 bedroom units. Solid construction w/3 hydro meters. Contact listing sales rep. for info on these 2 bldgs. They have to be sold together w/827 King as a package. TOTAL INCOME = $34,560.00. NET INCOME = $27,724,93 0914_DJW_0088
Hamilton
“Your Investment Property Specialist”
state realty brokerage
0914_DJW_0087
exclusive 4 plex
2113_DJW_0003
principals only please
seller take back mortgage ProPerties for sale
Hamilton
1. 2. 3. 4. 5. 6. 7.
Dundas Stoney Creek Caledonia Westdale/McMaster East Hamilton Hess Village East Hamilton
Plaza Plaza Retail/Office Mixed-Use Retail/Office Mixed-Use Industrial
$3.9M $1M $2.5M $550k $900k $1.2M $1.4M
Plaza Plaza Plaza (2) Mixed-Use
$1.4M $700k $4M (total) $800k
Plaza Industrial Small Retail Office
$1.25M $3.2M $700k $900k
Receive Information Package via email: info@fourplexmortgage.com
SoutH WeStern ontario
1. 2. 3. 4.
London Cambridge Windsor Windsor
Please Note: Signed Confidentiality Form Required Prior To Releasing Seller Information.
1. 2. 3. 4.
Toronto Oshawa Brampton Newmarket
Lijoy Ulahannan
Commercial Mortgage Broker & Realtor
Lic# 11514
647.547.2122 Ext. 119 1.855.547.2122 Ext. 119 Please say you saw it in The Commercial Investor
11250884_0914
toronto
26
inthenews
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
Federal budget
earns a silver medal: CPA Canada
T
he latest federal budget earned a silver medal from the Chartered Professional Accountants of Canada (CPA Canada) with the organization adopting a rating system appropriate for an Olympic year.
The government continues to employ fiscal restraint and remains on target to achieve a balanced budget by 2015-16. “The desired balanced budget serves as a beacon guiding the government in its financial planning,” says Gabe Hayos, vice-president, taxation, with CPA Canada. “The finish line is in sight and the government must stay committed to achieving its goal. Strengthening its own finances better positions the government to help grow the Canadian economy.” Because of lingering economic uncertainty, the government’s focus has been a multi-year incremental approach to balancing its books. “Spending shouldn’t pick up until it is clear that the budget is balanced and additional money is available,” says Hayos.“Canada’s economy remains unsettled and may still experience a few bumps and bruises along the way.” CPA Canada is referenced in the budget for its recommendation calling on the government to simplify the Income Tax Act by replacing the eligible capital property rules with a new class of depreciable property. The government is listening and promising consultation on a measure that would accomplish what is being recommended. In particular, the government wants to hear from small businesses. AdditionAl items of pArticulAr note in the budget:
›› No new taxes on Canadian families or businesses. ›› Promised legislation requiring the Minister of Finance to table in Parliament annually a list of the government’s outstanding tax measures.
›› The government is signalling its intention to review whether the income ››
tax exemption for non-profit organizations remains properly targeted and whether sufficient transparency and accountability provisions are in place. The introduction of measures to encourage charitable giving.
The government’s continued commitment to combat international tax evasion, as well as protecting the tax base from abusive domestic transactions. The government is encouraging stakeholder consultation to address these matters. gAining A higher podium finish: Going forward, CPA Canada will be looking for more than just a balanced budget. For our economy and Canadians to truly prosper, fiscal management should come alongside measures aimed at improving productivity, stimulating innovation and creating jobs. “We will continue to make recommendations focusing on matters such as taxation, business filing and having Canadian companies to develop and commercialize their innovations in Canada,” says Hayos. Please say you saw it in The Commercial Investor
Notes: CPA Canada will soon have a more detailed analysis of the federal budget available online at www.cpacanada.ca/2014BudgetBrief (French URL: www.cpacanada.ca/ resume-du-budget2014). CPA Canada and the Certified General Accountants Association of Canada made a co-branded pre-budget submission to the House of Commons Standing Committee on Finance in 2013 (www. cpacanada.ca/2013Pre-Budget). CPA Canada is the national organization established to support unification of the Canadian accounting profession under the Chartered Professional Accountant (CPA) designation. It was created by the Canadian Institute of Chartered Accountants (CICA) and The Society of Management Accountants of Canada (CMA Canada) to provide services to all CPA, CA, CMA and CGA accounting bodies that have unified or are committed to unification. As part of the unification effort, CPA Canada and the Certified General Accountants Association of Canada (CGA-Canada) are working toward integrating their operations. Unification will enhance the influence, relevance and contribution of the Canadian accounting profession both at home and internationally.
27
Commercial Real Estate & Business Opportunities 8646600_0914
The Shar ma Team
Independently owned & opeRated
905-662-6039 905-574-7441
state realty brokerage independently owned and operated
Broker
info@ricksharma.com
SER V
987 rymal road east hamilton, on, l8W 3m2
M
george kyprianou
sales representative
COMMERCIAL ONE FLOOR
www.thesharmateam.ca iCE pR 0 G 0 KiN ,9 AS $294
8342700_0914
O UR C O M
FOR OVER 40 YEARS
905-574-4600
Commercial/Residential - NIAGARA FALLS
G IN
ITY UN
State Realty BRokeRage
Rick Sharma
Solid building on King St E. Approx 2,700 Sq ft. High ceilings. It used to be bank. Is a corner property with lots of parking. For more information call George Kyprianou at 905 574 4600. 0914_DJW_0066
COMMERCIAL SPACE FOR LEASE
11273535_0914
AN
Just West of Walmart beside the Egg and I restaurant. Approx. 4,650 sq ft. Retail or office. The owner willing to divide to suit the tenant. Lots of parking. To view call George Kyprianou at 905-574-4600. 0914_DJW_3_0081
MAKE AL YOUR FIRST CHOICE!
SEARCH FOR AL ON
FOLLOW US ON FIND US ON
ST
CA
2-storey commercial residential building with full basement. 1 bedrm apartment + commercial store front with the potential for many uses. Located in one of Niagara Falls’ tertiary commercial hubs, surrounded by successful commercial properties. Completely renovated from top to bottom. Main & Ferry intersection with High street exposure. Plenty of street parking and large municipal parking lots nearby. Over $90,000 spent in recent updates. $189,000. 0514_DJW_0001
ER
FOR SELLERS & BUYERS SEARCH ONLINE @ REALTOR.CA OR GET THE APP! (FOR SMARTPHONES)
DIRECT LINE VISIT
www.alcosentino.com
ESCARPMENT REALTY INC. BROKERAGE INDEPENDANTLY OWNED & OPERATED
EAST MOUNTAIN
“OPTIONS/UNIQUE CORNER” Amazing approx 3000 sq ft of useable space was used as professional office & living residence. Huge 2 car garage w/steel beams. Ask for Al’s on-line marketing today!
TOLL FREE
STONEY CREEK
MAKE AN OFFER
EAST HAMILTON
0914_DJW_1_0042
SOLD R TO INVESTO
SOLD TO INVESTOR
Prime Industrial/Commercial corner site. High traffic exposure 1.8 acres. Near Hwy & Lake Ontario. Zoned (M3). Ask for Al’s on-line marketing today!
EAST MOUNTAIN
al@alcosentino.com
“BIG GARAGE/INVESTMENT”
“DEVELOPMENT SITE”
559,997 OR
$
905-570-9997
1-855-570-9997
Used as Auto Repair service station. Leased out for $1800/mth plus utilities. Approx 2600 sq ft 14x14 bay garage includes 2 hoists/1 welding machine. Ask for Al’s on-line marketing today.
799,997
$
0914_DJW_1_0136
EAST NORTH HAMILTON
229,997 OR MAKE AN OFFER
$
0914_DJW_1_0060
EAST HAMILTON
“BUILD TO SUIT
SOLD R TO INVESTO
YOUR NEEDS”
BIG OR SMALL, WE SELL THEM ALL!
64,997
$ Vacant land 20 X 100. One time was Commercial Retail/Residential SELLER CAN HOLD above. Now rented for $500/mth. 1ST MTG No lease. High traffic location. Ask Al for Al’s on-line marketing today! 0914_DJW_1_0016
“AMAZING CORNER FOR PROJECT”
499,997
$
Corner exposure high traffic used as OR car lot or for many other uses. Zoned TRADE/CASH “H” Commercial 145 x 100 development project. Ask for Al’s online marketing today. 0914_DJW_1_0066
“INVESTMENT/PERSONAL USE”
“AMAZING OPPORTUNITY”
219,997
Industrial garage warehouse approx $ OR 2300 sq ft w/grade loading 12 ft door BEST OFFER & 2,000 sq ft of office above. Fully rented. Seller will hold 1st mgt. Ask for Al’s on-line marketing today!
0914_DJW_1_0017
159,997
70 x 100 lot amp parking. Used as social $ OR banquet since 1984. 2 banquet halls, BEST OFFER 2 bar areas. Needs TLC. Sold “As Is”. Good value. Could be other uses. Make Al your first & only choice!
0914_DJW_0033
“CALL AL TODAY, PUT YOUR COMMERCIAL INVESTMENT PROPERTY ON THE MARKET! Please say you saw it in The Commercial Investor
Hamilton
Volume 14 Issue 02
28
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
10 Tips In Successful Real Estate Investing Dino Nicosia, Broker Of Record, President | Investpro Realty and Appraisal Ltd., Brokerage
C: 905.870.5852 | F: 905.631.6505 Visit our website: www.investprorealty.com Follow me on: http://twitter.com/#!/DinoNicosia
Investing in real estate and being a landlord should be treated like any other business. The goal is to end up with a profit at the end of the day. After collecting rent and paying all the expenses, you must have money left over to be profitable. As a bonus, slowly and steadily your mortgage will be paid down and you’ll end up with a tidy nest egg. Remember that like any other business it takes effort, time and skill to be successful. Follow these tips and it will be financially rewarding for you. Hamilton
1. RESEARCH: Take the necessary time to inform yourself about property values in the locations you’re considering purchasing. Think about obtaining a market analysis from a real estate agent or appraiser for a property in which you are interested. Research if the location is in decline or moving upwards? A good indication is if large chains like Wal-Mart, Tim Hortons, Home Depot or Star Bucks are moving into the neighbourhood. Such companies do a lot of market research on demographics and income before deciding where to locate. If a large chain finds a neighbourhood appealing, it’s a good indication the neighbourhood in moving upwards. You may find that you have to view many properties and submit many offers before you find the investment property that is the right fit for you 2. SURROUND YOURSELF WITH EXPERIENCE: Retain a real estate agent who has firsthand experience; who is also a local investor; and who has owned and managed investment properties. Many agents purport to be experts in investment properties, but have never owned or managed one. Retaining a real estate agent with experience is invaluable. Additionally, utilize the services of other experienced professionals, such as property managers, insurance advisers, mortgage brokers, home inspectors, accountants and lawyers. A knowledgeable professional team working with you will make the process smoother and save you time and money in the long run. 3. EFFECTIVE PROPERTY MANAGEMENT: A critical member of your professional team is an experienced and reliable property manager. If you are not experienced in dealing with tenant concerns, evictions, and other property issues, you will want a property manager. Depending mainly on the number of units being managed, (although there are many other factors), the management fee will range from between 3 and 10 percent of the monthly or yearly rental income. Good property management will pay for itself in the long run. When looking for a property management company, be sure you do your research ask for references. 4. BE AWARE OF ILLEGAL UNITS: Before you make the purchase, research the zoning of the subject property. There is a good possibility that you may come across illegal units, mostly in duplexes and triplexes (usually a basement apartment). You could also find them in larger apartment buildings and students housing units. These apartments are illegal in that they contravene the zoning by-law. Although these units provide additional income, be aware that they may not be fire code compliant, and that you may be forced to convert them back to the legal use of lesser units. Be aware that your lender will probably not include the income from those units in determining the principal amount you will qualify for under your mortgage. 5. BUY WITH THE GOAL TO HOLD LONG TERM: If you’re looking for a quick flip and a quick profit, you might as well put your money on the roulette wheel. Historically, real estate has always increased over the long term. The probability of you making money is greater in the long term then the chance of you making short term gains. Plan to hold the investment for the long haul, and wait for the changes in the market conditions that could make it prime time for selling. Remember that by keeping your investment for an extended period, you will trigger capital gains on the sale as opposed to a business gain.
6. PARTNERSHIP AGREEMENT: If you’re investing with other persons, it’s recommended that you have an agreement in place, (i.e. partnership agreement, joint venture agreement, shareholders’ agreement) to address various matters. Those agreements should address issues such as; 1) failure for a partner to put in their share of cash calls when called upon, 2) selling their interest of the property, 3) sudden death or illness of a partner and a myriad of other situations. With an agreement in place, you have a mechanism already in place to deal with the many issues that may arise, rather than having to deal with them later when it could create problems and or opposition. It’s better to pay for the agreement before the purchase, then pay much more later on. 7. BE CAUTIOUS WITH HIGH LEVERAGE: While there are some investments that require minimal dollar investment, most real estate transactions require a significant down payment and financing that is personally guaranteed. Don’t fall prey to the “no money down” schemes. The people making the most money on the “no money down schemes” are the ones putting on the seminars. Chances are you will be paying a premium for the property because there is no money down; the property is a money drain and that’s why the seller is willing to sell with no money down so the losses can be passed onto you. Get a second opinion from a professional. Never be hurried by a real estate agent or a seller to act quickly to get in on the deal as there are many other, probably better, deals outs there. 8. PROPERTY INSPECTION: A thorough property inspection by a qualified inspector is a necessity. Avoid using a contractor friend or a handyman’s opinion. Use a certified home inspector, who will provide a complete report with pictures and recommendations. Avoiding this step could lead to major unexpected costs or overpaying for the property. 9. EDUCATE YOURSELF: It is extremely important to educate and familiarize yourself with investment strategies, the terminology, and the current tax laws. You should also be familiar with all the regulations that govern investment properties such as fire, health and safety, landlord and tenant laws. Take your time and only proceed when you are ready. Know the business before you make the plunge. 10. DON’T OVERPAY FOR A PROPERTY: As a wise investor, you should always remember that when investing in real estate you make money when you buy the property; by buying it right. Determine in advance how much you are safely prepared to invest without overextending yourself, and be cautious not to over pay for a property. Also make sure you have enough funds reserved for the unexpected capital expense. Follow these tips and you will be assured to make money, and become a successful real estate investor.
Please say you saw it in The Commercial Investor
8171452_0914
9558936_0914
And Appraisal Ltd. Brokerage
The Apartment Building Specialists
Broker of Record
Direct: 905-870-5852 Email: dino@investprorealty.com 8 UNITS, SOUTH CENTRAL HAMILTON
Kandy Thompson,
Sales Representative
Direct: 289-244-5627 Email: kandy@investprorealty.com
Tenants pay for own utilities. Good condition. For details visit our website.
0914_DJW_0110
D T lI En sO sTm VE In
0914_DJW_3_0057
0914_DJW_3_0059
WORTH THE DRIVE
Rents below market. Shows well. Great upside. Visit our website for more information.
6 UNITS, EAST HAMILTON
Great condition and location. Renovated, spotless building. Never any vacancy. Safe investment. Visit our website for details.
E Om gn nc f sI I a O TR O Ex Om R R f
Most apartments are renovated. Spacious units. 8% Cap Rate.
14 UNITS, HAMILTON
lD
0914_DJW_2_0084
0914_DJW_3_0054
I
TH VE ORDRI WE TH
30 minutes from Hamilton. Only 8 years old. For more details visit our website.
12 UNITS, HAMILTON pR
24 UNITS, LONDON
46 UNITS, DUNVILLE
East Hamilton near Ottawa St. shopping district. Visit our website for details.
W nE
Well maintained, only minutes to Mac. For details visit our website.
6 Buildings with 4 untis per building. Centrally located in Fort Erie near Q.E.W., Hospital and across from the Fort Erie, Racetrack/Casino. For details visit our website.
19 UNITS, HAMILTON ODlOW gO Hf s ca
6 UNITS, WEST HAMILTON 0914_DJW_0109
0914_DJW_0108
24 CONDOS IN FORT ERIE
0914_DJW_1_0071
“Your Investment partner for life”
Dino Nicosia,
www.investprorealty.com
sO
0914_DJW_4_0053
Investpro Realty
cE
29
Commercial Real Estate & Business Opportunities
East Hamilton near Gage Park. Great condition. Visit our website for details.
“Ready to invest?...you deserve the best” Please say you saw it in The Commercial Investor
Hamilton
Volume 14 Issue 02
30
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Hamilton
inthenews
Canadian commercial real estate continues to
outperform
T
he REALpac/IPD Canada Quarterly Property Index, released recently, showed that Canadian commercial real estate continued to deliver double-digit performance for the year ending December 31, 2013 with a total return of 10.7 per cent. Importantly, over the last 12 months, real estate underperformed public equities at 13.6 per cent (MSCI Canada Index); but outperformed bonds at -3.6 per cent (J.P. Morgan Government Bond Index 7-10 years) and inflation at 1.2 per cent (Statistics Canada).
Simon Fairchild, IPD Executive Director & Head of North America, said,“Looking at the 14-year history of the index, the year ending December 31, 2013 was the ninth highest annual total return. Returns on direct real estate in western
Canada remained robust, mainly due to above average income and capital returns.” Of the six largest markets, Calgary and Edmonton continued to outperform the market overall while returns in Toronto and Montreal were slightly below the market average. Ottawa’s sub-par performance was attributable to below market income and capital returns. The REALpac / IPD Canada Annual Property Index measures 2,138 institutional grade properties across Canada valued at $117.6 billion CAD, as of December 31, 2013. IPD provides real estate benchmarking and portfolio analysis services to clients in over 30 countries around the world. These services incorporate more than 1,500 funds containing nearly 77,000 assets, with a total capital value of over U.S. $1.9 trillion. Each year, IPD produces more than 120 indices helping real estate market transparency and performance comparisons, as well as nearly 600 benchmarks for client portfolios. IPD is a subsidiary of MSCI Inc., a leading provider of investment decision support tools to investors globally, and clients include real estate investors, managers, consultants, lenders and occupiers. For further information on IPD, please visit www.ipd.com. REALpac is Canada’s senior national industry association for owners and managers of investment real estate. Its members include publicly traded real estate companies, real estate investment trusts (REITs), private companies, pension funds, banks and life insurance companies with investment real estate assets each in excess of $100 million. For further information on REALpac, please visit www.realpac.ca.
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
31
Commercial Real Estate & Business Opportunities
Hamilton
8171399_0914
Re/Max escarpment Realty Inc Brokerage
120 MOHaWK POInt Lane, DUnnvILLe $1,500,000
Rare 56.7ac L.Erie pnt w/14cottage rntl business,10 yr bung, sev brns/outbldings, 45ac. wrkble (rented). Maj.of cottages positioned at sea lvl w/access to owned beach+rented to est. clientele @ per yr basis. Clean home is perched on bluff offers panoramic lake views- ftrs 3bdrms,1.5 baths, OC livrm/dinrm/kitch w/WO to lake fcng dck-inc full bsmt. 0914_DJW_1_0074
334-338 MaIn StReet, PORt DOveR $499,000
COMMeRCIaL/InveStMent POtentIaL In JaRvIS Rare .79 ac plan of subdivision approved parcel of developed land. All services at or near lot line. Allows for const of 24 unit condo res complex comprosed of 6-1000 sqft units/flr. Outside pkg for 38 vehicles. Buyer resp for all charges/ permits/due diligence pertaining to future use. Survey avail. 0914_DJW_1_0082
Plan of subdivision approved .84ac parcel of comm zoned land allows for the const of approx 8500 sqft comm strip mall. Perfect for 4x2100 sqft sep units. Inclds 30 outdr pkg spaces. Buyer/ buyer solic to verify and/ or respons for future dev charges/levels/bldg permits & due diligences for intended use. Survey available.
4905 HIGHWaY 3, CaYUGa $449,000
Turn key 3.24ac comm. investment prop. Just W. of Cayuga Bridge. Offers 548’ of hi-visible Rd. frntge. Incs. main dwelling w/rntd restaurant, 3 apartments (2 rented), ice cream shop (vacant), pedestal solar panel w/ 17 yr contract & hwy billboard. Potential-Gross $52K/ Net-40K. Poss. VTB Mortgage avail. 0914_DJW_0057
113 MaIn StReet, JaRvIS $399,000
#2 el 00 rc ,0 Pa 299 $
P $3 ar 99 ce ,0 l # 00 1
Prime Retail/Comm. property in the centre of dwntwn P. Dover. Sit. on 66’x325’ lot-inc ext. renoed brick/stone building, 2 garages (62’x28’) (22’x31’) w/5 bays, fts 4800 sf retail storefrnt, updtd roof covering, HVAC, electrical, plumbing, display windows-UL 2 bdrm aptmt-$1200/mnth+utes. Superbly priced! 0914_DJW_1_0044
0914_DJW_0666
Calling all developers/contractors/investorslrg 5.2 ac parcel of comm. zoned land loc. at N. end of Jarvis. Irreg. shaped lot w/ ex. visual exposure+mat.tree lined side/rear boundries. Flat accessible site w/mun. water, mun. sewers, n/g, hydro, telephone+cable at or near lot line. Poss. to rezone for residential exists. Buyer to verify permits.
0914_DJW_1_0081
14 ROBInSOn St, SIMCOe $169,500
267 COnCeSSIOn 6, JaRvIS $389,000
Unique private 1ac property on paved rd. Zoned for legal boarding/rooming house. Buyer to verify. Incs 5500 sf reblt07 institutional designed 2 stry dwelling w/10 bdrms, 5 baths, comm. kitchen, fin bsmt, pvd drive. Thousands spent to meet code incs comm. security sys, windows, floors, water/septicsystem-less then 2 hr commute to TO/London. 0914_DJW_1_0014
Great mixed use property offers a hi-exposure street lvl comm unit with long term tenant in place & 2 res units on the upr lvl. 1 bdrm currently rented out & freshly reno’d 2 bdrm that is available for rent. Parking in the rear produces income. 0914_DJW_1_0091
95 QUeenStOn ROaD, HaMILtOn $119,900
Turn key pre-owned auto sales biz. 13 yrs at current location (18 yrs total) lease incs 50’ x 100’ paved lot, 10’ x 20’ htd office trailer - long term lease available. Price incs approx. $90K of pre-owned cars (sold certified @ wholesale price), phone #, clientele lists, ext. signage. No P & L/No VTB. Lrg inventory = instant cash flow. 0914_DJW_2_0007
Please say you saw it in The Commercial Investor
Brook Building-mag_09-20-13.pdf
32
9/17/13
2:08:09 PM
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
11277225_0914
Hamilton Keller Williams Edge Realty, Brokerage 105-3027 Harvester Road. Burlington, Ontario
sales respresentative
905-902-9496
Tel: 905-335-8808
11284673_0914
Danielle Connelly
ATTENTION INVESTORS HUGE CASH FLOW Operating income $198,606 year (750-756 Main) and still room to grow. 12 Residential Units (with room in the basement for growth) 1 commercial tenant ($1900 plus HT) and Coin Laundry Business/building ($8-10,000 a month). 750 Main Street must be sold together with 756 Main Street as the two buildings share one parking lot. $200,000 spent on 46 New Washers and Dryers. Call today don’t miss out! 0914_DJW_0119
0914_DJW_0120
Please say you saw it in The Commercial Investor
33
Commercial Real Estate & Business Opportunities
Hamilton
Volume 14 Issue 02
11236833_0914
Please say you saw it in The Commercial Investor
34
Volume 14 Issue 02
10339498_0914
Commercial Real Estate & Business Opportunities FOR
FURTHER INFORMATION:
JOHN HRYCZYNSKI BROKER
(905) EMAIL:
COMMERCIAL
240
JOHN@BBSREALTY.COM
WWW.BBSREALTY.COM COMMERCIAL REAL ESTATE
REAL ESTATE BROKERAGE
REAL ESTATE SALES AND LEASING SERVICES
FULLY EQUIPPED RESTAURANT Newly renovated building located in the sought after Locke Street Entertainment & Shopping District contaning a fully equipped restaurant suitable for most restaurant styles. Prime corner location & exposure with large ground floor windows, great views, walkout to patio & rear parking. Loads of charm & character inside & out. Seller may take back mortgage. Asking $975,000. Also for Lease with option to purchase. Call for details.
EAST HAMILTON - MIDTOWN Retail and residential investment property in mid-town area. Located on busy Main St. Excellent exposure. Building has 3 retail units & 2+1 bdr. apt. Ideal for Owner/User. Fully leased building but 2673 sq ft retail unit coming available in March for owners use or Lease. Retail units have full usable basements. Apartment requires upgrades. Possible VTB mortgage. Current Proforma net rent est. $54,895. Asking $650,000. Call for details.
RETAIL/OFFICE FOR LEASE
OFFICE/RETAIL FOR LEASE
RETAIL/OFFICE FOR LEASE
0914_DJW_0112
DOWNTOWN HAMILTON Prime ground floor space located in ‘First Place’ commercial & residential complex being 684,506 sf and containing 535 res. units with comm./office units. Corner location with excellent exposure to high vehicle and foot traffic. Ideal for most retail or office uses. Landlord may assist with improvements. Unit size 3,650 sf, divisible. Parking available, immediate possession. Well priced at $14.95/sf GROSS.
EAST HAMILTON MOUNTAIN Very busy plaza, prime East Mountain location. Many national tenants in complex with a good mix of retail & office uses. Units availale: Unit 8 - 1283 sf, asking $10.95/sf net and second floor office units of 450, 2,500 & 3,200 sfr, asking from $14.95 to $15.95/ sfr gross. Abundant on-site parking. Immediate possession.
0914_DJW_4_0066
DOWNTOWN - MIXED USE BLDG. Prime Hess Village entertainment district location, corner lot with excellent exposure. Ideal mixed use investment building for an owner user. Splendid Victorian bldg w/ loads of character in good condition with 3 updated apartments. Building contains 3 x 2 bdrms & 1 bach residential units, occupied plus 2 ground floor commercial units. Commercial units vacant, ideal for owner user, suitable for restaurant or most retail/office uses. On-site parking. Estimated Proforma net income approx. $93,000. Asking $1,125,000. Call LA for details. 0914_DJW_2_0140
Hamilton
0914_DJW_1_0065
INVESTMENT PROPERTY FOR SALE
0914_DJW_2_0064
BUILDING FOR SALE/LEASE
0914_DJW_0111
INVESTMENT BUILDING FOR SALE
529-5900 X
170 SILVERCREEK PARKWAY NORTH, GUELPH Located on a major arterial road across from Willow West Mall. Many national tenants on this power retail strip. Available space: Unit 2-2151 sf, end cap unit ideal for variety store; Unit 6-3400 sf, ideal for bar/restaurant or most other retail/office uses and Unit 7 - 4555 sf, divisible, ideal for most retail/office uses. Affordable rents, asking from $12.95 - $13.95/ sf net. Abundant parking, immediate possession. Call for details.
11278774_0914
Your Choice Realty Corp., Brokerage Team Office 24 hours a day 905-560-1-MAX Jawad Chaudhry, Salesperson (905) 928-0211 or email: JC@OneMaxTeam.com Fuad Chaudhry, Salesperson (905) 928-3833 or email: FC@OneMaxTeam.com
Available Now! ,
$5
HWY REST STOP ON 400 SERIES. 45 MINUTES NORTH OF GTA Gas, Diesel, Restaurant, Garage and more. $1M annual Net Income (Less Wages). With room to increase income dramatically. Includes a house, building lot, and 30 acres of prime land (possible hotel, storage facility, etc). Once in a lifetime chance!!
,
$3
00
,0
0 50
NEWER ESSO GAS STATION 45 Min from Hamilton, about 3 years old, over 6M liters and growing. 700K store sale. Perfect for investor or Owner Operator. Principals Only.
0514_DJW_1_0063
,
$1
00
,0
0 80
HOTEl/MOTEl In the Heart of Niagara Falls this 34 unit hotel includes a 4 bedroom home, in-ground pool & full laundry facility. Most rooms are rented month to month. Gross income of $240,000 & 9.7% CAP rate. Principle only! 0514_DJW_0074
Please say you saw it in The Commercial Investor
OPPORTUNITY KNOCKS! Hasty Market located in an action packed area with sales climbing everyday. Next door to Tim Hortons, and with plenty of parking this store is the key destination for convenience needs. Many new condo buildings are being built in the area, with potential of doubling the sale or more. There is room to improve sales by adding deli counter, extending hours, adding additional stock, etc. Lotto Machine, ATM, great neighbours, lots of parking, and busy street location make this an A+++ location. Inventory is Extra.
0514_DJW_3_0091
www.OneMaxTeam.com
00
,0
0 80
Volume 14 Issue 02
35
Commercial Real Estate & Business Opportunities
Visit my website
Augie
276 Main St. W. Hamilton, Ontario (just West of Queen St.) L8P 1J8
Ammendolia BROKER
905-518-6713 Off: 905-522-6001
HAMILTON CENTRE 9 UNITS
D
SOL
$669,000 Magnificent Century home converted to 9 well-appointed modern apartments. High ceilings, marble fireplaces, tenant parking, separate hydro meters, on site laundry. Trendy South Central Hamilton near International Village/Downtown and Stinson School loft condo development.
0514_DJW_0041
HAMILTON CENTRE RETAIL SPACE FOR LEASE $850/MONTH
2 Commercial units for lease @ $850/month/unit. Across from McDonald’s & near Ivor Wynne Stadium. Large open space store with full basement & rear parking. High visibility corner property.
$489,900
Impressive mixed use H commercial property on major artery previously used as Real Estate offices. Presently used as 2 Family dwelling, excellent condition and improvements. High visibility and traffic count. Approx 2900 total SF of finished space. Huge double car garage easily converted to further office/professional use. 4913_DJW_1_0067
HAMILTON CENTRE 8 UNITS APT. BLDG
Charming 8 unit building. Newer roof, gas water heat boiler, garage, 8-2 br. units, 6 of the 8 units have hardwood floors, dining rooms and balconies separate hydro meters. Tenants pay own hydro. Two apt. units at basement have been completely renovated. Balconies comeplety fixed & restored last fall. Three units have been updated with new kitchen cabinets and 0514_DJW_0044 bathroom fixtures.
NG MI N O C OO S
$675,000
Great Redevelopment Opportunity on this corner commercial property in Prime West Hamilton location near McMaster Hospital and University. Presenty a 48 seat Restaurant/Bar coffee establishment with outside patio. Owner retiring price includes Land. Building and Chattels. Asking price includes Real Estate and business. Pls. contact Listing Broker Zoning, Survey 4913_DJW_0049 and floor plan information.
HAMILTON CENTRE - BANQUET HALL/RESTAURANT/BAR
0514_DJW_0043
HAMILTON CENTRE COMMERCIAL/RESIDENTIAL
RESTAURANT/BAR/ DEVELOPMENT OPPORTUNITY WEST HAMILTON
$575,000
Located near the new Centre Mall redeveloped Power Centre & walking distance to the vibrant Ottawa St. BTA. Established bar/banquet facility approx 20,000 SF Licenced bar - 393 persons, banquet hall - 400 people w/additional 60 persons on mezzanine. 50 parking slots at rear. 2 commercial units leased at $900 and $450 monthly. Price includes 4913_DJW_1_0068 business and real estate.
HAMILTON CENTRE - COMMERCIAL/ RESIDENTIAL BLDG.
$1,295,000
HAMILTON CENTRE 11 UNIT APT. BLDG.
G IN M CO OON S
11 unit apt. building (6-2 BR, 5-1 BR) in trendy South Central location, walking distance to downtown, shopping, parks. Many upgrades e.e., kitchens and baths, 2 new boilers in 02, newer commercial water heater, thermo windows, newer roof steel overhang, separate hydro meters. Tenants pay hydro.
0514_DJW_0042
HAMILTON CENTRE 3 STORES/3 APTS
$449,900 Excellent corner building. Lots of improvements 3-2 br apts. Completely renovated. All untis have independent heating and hydro. Across from McDonalds and near Ivor Wynne Stadium.
0514_DJW_1_0048
HAMILTON CENTRE 8 UNITS
$675,000 Terrazzo corridos, concrete construction. Newer windows, parking, 6-2 BR & 2-1 BR. units. Good Southeast neighbourhood.
Great location. 12,000 SF - 6 commercial units at Ground Flr plus roof sign & 8 apt units above with separate heat & hydro constructed approx. 20 yrs. ago. Ground flr. Commercial includes fully equipped restaurant to be leased & laundromat operated by owner. Part of possible land assembly 752 King Street East and 734 King Street East presently for sale. Close to downtown. LOT 4913_DJW_1_0084 SIZE: 107.3 FT X 158 FT.
HAMILTON DOWNTOWN $1,295,000 DEVELOPMENT SITE
$795,000
D
SOL
0514_DJW_7000
CENTRAL MOUNTAIN DEVELOPMENT SITE
Prime corner development site with building suitable for redevelopment to retail plaza & or high rise development. Can be purchased with adjacent property 756 King St. E. Pls. contact Augie for additional information on the proposed development.
4913_DJW_1_0083
Please say you saw it in The Commercial Investor
D
SOL
4913_DJW_0050
$349,900 Large lot 60 ft. by 290 ft. near Upper James. Suit many home businesses. Charming home, many upgrades. Euro style kitchen. Hi-eff furnace. Ceramic & hardwood floors. Detached garage. Note: Rear of property has development potential, possible rezoning of property for development.
8471320_0914
HAMILTON INCOME PROPERTIES
Hamilton
Cell:
36
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
Greater toronto area COverIng: Ajax • Alliston • Bowmanville • Bradford • Bolton • Burlington • Brampton • Concord, • Durham Region • Etobicoke • Georgetown • Georgina • Keswick • Markham • Milton • Mississauga • Newmarket • North York • Oakville • Oshawa • Pickering • Richmond Hill • Scarborough • Schomberg • Sutton • Toronto • Tottenham • Thornhill, Vaughan • Whitby • Woodbridge
For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor
Volume 14 Issue 02
37
Commercial Real Estate & Business Opportunities
Investing in America -
The Canadian dream Written By: Beatrice Pitocco, Principal at Future Equity Financial & www.investamericanow.com
Firstly there are still areas of the US that are reeling from a weakened economy and a real estate crash that is recovering slower than expected. This presents a challenge for many Americans to purchase a home on their own, thus leaving them no choice but to rent. With a decline in National buyers, the real estate market is a buyer’s paradise. With home prices 30 to 40% below market, the time is still ripe for an astute investor. Although the Canadian dollar has fallen below parity, there is some reason to believe that the Canadian dollar may decline further into 2014, with some analysts predicting a drop to 80-85 cents US. Though the outcome of a weakened Canadian dollar may not fare well for our greater economy, for the micro market such as individual investors, this once again presents an opportunity to gain 10-15% returns, simply by a drop in Canadian currency. Coupled with Net ROI’s of 8-20%, you will be hard pressed to find a better value for your dollar. There are some that have fears or concerns about investing in the USA, however it should not be feared. The American market is ripe with opportunity from Ohio, to New York State, to the Lone Star State (Texas) to the Sunshine State (Florida).
Investors are purchasing for cash-flow, or for capital appreciation or for both. There are few properties you can buy in Canada that can offer the same rates of return that you’ll see in the US. From a tax perspective, there are ways to mitigate and reduce taxes, such as creating an LP between a corporation and an individual, with the individual owning 99% of the real estate and the corporation owning 1%. This provides the corporate liability protection by owning real estate in a corporation, but minimizing taxes owed in the US, by flowing all profits back to the individual in the LP. When investing your money it is always best to consult tax professionals and legal professionals, and it is important to do your due diligence. You should also look at specific areas and qualified professionals to assist in your investment search. InvestAmericaNow.com, a subsidiary of Future Equity Financial (www.futureequity.ca) can assist you with your investment strategies as it pertains to investing in high cash-flowing properties in the US. We have experience and knowledge and have researched the absolute best investments for your portfolio. Contact Beatrice Pitocco at 416-908-1734 today for more information on Investing in America
11284662_0914
11284672_0914
WATERDOWN
Leading Edge Realty Inc. Brokerage
INVESTMENT LAND
Kim Chau Broker
kim.f.chau@gmail.com
0914_DJW_0118
416-298-6000
70 beautiful acres along major street right on fringe of Ontario’s fastest growing town. By-pass proposed to go through soon. Great potential! Vendor will consider some financing. $1,495,000. Call Wayne Vogl, SaleS RepReSentative REMAX Garden City Realty Inc., Brokerage Waterdown, ON
905-689-1717
11284661_0914
STUDENT HOUSING/HOTEL
57 Rooms (incl. 4 self-contained units) 3 Storey building. Downtown Sudbury (commercial centre of Northern Ontario and home to several universities/ colleges). Located next to indoor outlet mall. Minutes walking distance to Bus Terminal. Currently O/A student housing (100% occupied). Many uses including hotel, retirement and etc. Recently renovated rooms, baths, common areas and 3 common kitchens. Newer furniture, WIFI, appliances, security system. In-house laundry room. Original full commercial kitchen in basement and Elevator system in place (currently not used by operator). Private parking. Call for details. 4513_DJW_3_0017
Please say you saw it in The Commercial Investor
Greater Toronto Area
M
ore and more Canadians are realizing the “American Dream” by investing in the United States. There are many reasons to be investing in the United States for Canadians.
38
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Greater Toronto Area 11281963_0914
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
39
sales Representative
112 Caplan ave. BaRRie, On Chay Realty inc. Cell: 705-791-3836 Brokerage Office: 705-722-7100 email: dennis@barriecom.com
BALDEV DHINGRA ®
Sutton Group Central Realty Inc., Brokerage
BRokER
Direct : 416-820-8328 office : 905-458-7979 PROFESSIONAL OFFICE Fully furnished Professional Office unit in North Park Plaza. This second floor unit is finished with 4 office rooms, a kitchenette and a reception area. Suitabe for Doctors, Accountants, Physicians, Tutoring, Law Firms and many more.
0914_DJW_0002
$549,900
Established store, apartments with separate hydro meters, close to downtown, across from park, schools, seniors apartments. Store included in purchase price, inventory extra. Upgrades: roof, windows, siding and heating system. Possible to extend store by approx. 700 sq ft.
FREE STANDING BUILDING FOR LEASE 5460 sq ft, Barrie’s south end. Easy access to Hwy 400. One grade, one dock level shipping doors. Radiant tube heating. Approx. 1000 sq ft office. Excellent location.
0914_DJW_0079
CONVENIENCE STORE & THREE APARTMENTS
ASKING $274,900 PIZZA FRANCHISE
Excellent location. Well established and renowned Pizza business at the Heart of the Trendy Danforth area. The business is surrounded by Schools, Commercial and Residential buildings. Weekly sales averaging $9000. Training and support will be provided by the franchisor.
0914_DJW_0080
0914_DJW_0001
11283898_0914
ASKING $185,000
DRY CLEANING/LAUNDRY BUSINESS Profitable dry clean Depot and Coin Laundry in the Downtown Core of Toronto. Easy to operate. Flexible time. Busy and booming area. $30,000 has invested in new equipment. Rent $1800/month + hydro + gas (No Water) + $150/month property tax. Lease until May 2016 with extended option.
RETAIL SPACE FOR LEASE - ORILLIA Call for rent incentive. Units available for lease from 1,200/2,400 sq ft. Large display windows. 22,000 cars per day. Excellent exposure come grow with your business with Wild Wing, Subway, Water Depot, Hwy 12 Flea Market and Sushi Restaurant. Landlord will assist with lease holds. Located in $12.50 per sq. ft. Orillia West of the Narrows and Casino Rama.
0914_DJW_0081
0914_DJW_0003
$5.25 per sq. ft.
ASKING $70,000
CALL ME To BUY/SELL • INCOME PROPERTIES • LAND • COMMERCIAL & INDUSTRIAL BUILDINGS • BUSINESS
Call BALDEV DHINGRA @ 416-820-8328 or email:
Greater Toronto Area
Dennis gallant
11284424_0914
Commercial Real Estate & Business Opportunities
bdhingra@trebnet.com
110 Ridgetop Rd. Available September 2016
- Fully fenced, gated entrances, great security
PRoPeRty At A glAnce: • Taxes (2012) $76,473.50 • Located in Central Scarborough • 205’ - 401 Frontage on Eastbound Lanes
info@110-ridgetop-road.ca
• Over 250,000 Vehicles Pass by Daily • Fully Fenced and Secured Yard • Many Uses Including Outside Storage
www.110-ridgetop-road.ca
Please say you saw it in The Commercial Investor
11281846_0914
3.3 acres
SELLING REAL ESTATE FOR OVER 24 YEARS
Platinum Award Winner
Bill Morrison SALES REPRESENTATIVE
905-619-9500 Toronto line: 416 798 7278
Independently Owned and Operated
morrisonb@sutton.com Prime Investment Opportunity. 10 residential & 3 commercial units. Corner property at intersection.
TORONTO ASKING
$3,950,000 0914_DJW_4_0091
Greater Toronto Area
Attention Developers/ Investor. 1 acre site with over 200 ft on Kingston Rd. Could be apartment building, retirement home, townhome site. Currently car lot with house. Fantastic location.
TORONTO ASKING
$2,500,000 0914_DJW_1_0105
A
Investment Opportunity. 40 Acres zoned for driving range, mini golf. 2400 sq ft proshop/ restaurant. Plus already has 7000 sq ft finished bungalow, 5 bedrooms, 6 baths. Highly efficient home. Site plan approved. Ready to develop. Corner propety on road next to future Hwy 407 ramps in 3 years. Siding onto subdivision.
W
S
IN
TO
A SH
O
M
ASKING
CASH COW IN THE MAKING
$2,800,000
0914_DJW_2_0034
I URGENTLY NEED MORE PROPERTY TO SELL IN ALL AREAS,
BUYERS ARE WAITING.
Call Bill Morrison to sell yours! FREE consultation call Bill 905-619-9500
10527900_0914
or for all inquiries email:
Heritage Realty Inc., Brokerage
SELLING REAL ESTATE FOR OVER 24 YEARS
Platinum Award Winner
Bill Morrison SALES REPRESENTATIVE
905-619-9500 Toronto line: 416 798 7278
morrisonb@sutton.com Commercial Investment property. Newer building in great location. 3500 sq ft. 5.3% CAP Rate.
Corner plaza at intersection. Fully leased with signs on roof. New listing.
ASKING
ASKING
$1,995,000
0914_DJW_1_0102
BEACHES
Location! Location! Location! Just minutes to Hwy 401 exit. Neighbourhood plaza close to Scarborough Town Centre.
Investment with 3 - 2 bedroom & 1 bedroom apartments plus renovated sports bar. Parking at rear. On the Lakeshore. ASKING
ASKING
$1,699,000
$1,750,000 TORONTO
0914_DJW_0116
WEST END
ASKING
ONLY
$659,000
$1,549,000 0914_DJW_0113
0914_DJW_0115
All brick 2 storey corner property at intersection. Includes store, bill board, 3 bedroom apartment upstairs.
Amazing Investment fully occupied leased units. 8 tenants on Kingston Rd. High traffic area. Great return!
TORONTO
0914_DJW_0117
TORONTO
0914_DJW_0114
I URGENTLY NEED MORE PROPERTY TO SELL IN ALL AREAS,
BUYERS ARE WAITING.
Call Bill Morrison to sell yours! FREE consultation call Bill 905-619-9500
Greater Toronto Area
$2,380,000 TORONTO
Independently Owned and Operated
8177227_0914
or for all inquiries email:
Heritage Realty Inc., Brokerage
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
11237352_0914
42
Greater Toronto Area
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
43
Commercial Real Estate & Business Opportunities
8975448_0914
29.94 ACRES AVAILABLE AS COMMERCIAL TOURISM ZONING + 3.69 ACRES FOR RESIDENTIAL ZONING! LANDMARK DEVELOPMENT OPPORTUNITY, 8 UNIT MOTEL + 14 COTTAGES ON CEDAR LAKE CLOSE TO THE NORTH MUSKOKA RIVER & WATERFALLS! 4 KMS FROM HISTORIC BRACEBRIDGE!
$460,000
COMMERCIAL/RETAIL PLAZA SITUATED ON A VERY BUSY CORRIDOR. APPROX 0.61 ACRES OF LAND & 4,150 SQ FT PLAZA, 4 UNITS THAT CAN BE USED FOR A VARIETY OF PURPOSES, TONS OF PARKING AVAILABLE. TERRIFIC OPPORTUNITY.
BRAND NEW 1,535 SQ FT UNIT IN NEWLY DEVELOPMENT PLAZA! TONS OF PARKING, EXCELLENT EXPOSURE! IDEAL FOR PROFESSIONALS & SMALL BUSINESS OWNERS!
0514_DJW_0056
0514_DJW_1_0033
$699,000
CALLING ALL BUILDERS! RARE OFFERING! OPPORTUNITY KNOCKS! PLANS ARE AVAILABLE TO BUILD 10 TOWNHOUSES ALONG WITH COMMERCIAL SPACE! CLOSE TO MAJOR HIGHWAY & PUBLIC TRANSIT! 0514_DJW_0055
$794,000
Greater Toronto Area
HUGE INDUSTRIAL/COMMERCIAL BUILDING COMPLEX IN TRENDY “PORT CREDIT”! ALL UNITS ARE TO BE PURCHASED AS ONE! GATED & FENCED! IDEAL FOR FUTURE DEVELOPMENT OPPORTUNITIES OR FOR THE USER/INVESTOR!
0514_DJW_1_0020
$3,290,000
0514_DJW_0054
$3,299,900 ONE OF A KIND HISTORIC DETACHED MANSION LOCATED IN THE TRENDY FASHION & ENTERTAINMENT DISTRICT OF TORONTO. BOASTING APPROX 6,000 SQ FT & 9 GUEST ROOMS, 5 BATHS & 2 FULL KITCHENS, SPACIOUS FORMAL PRINCIPAL ROOMS, ORIGINAL WOOD STAIRS, WINDOWS & TRIM, ORIGINAL WALL MURALS & TAPESTRIES, ORNATE CEILINGS, WALL MOUNTINGS.
0514_DJW_1_0031
$3,975,000
0514_DJW_0053
0514_DJW_1_0022
0514_DJW_1_0021
Sam McDadi Real Estate Inc., Brokerage
$230,000 LOCATION, LOCATION, LOCATION. ESTABLISHED RESTAURANT FOR THE PAST 15 YEARS. BUSY THOROUGHFARE WITH LOTS OF WALK IN TRAFFIC, OVER 4,800 SQ FT, SEATS 164 PATROS, LLBO, OWNER WILLING TO TRAIN, LEASE IS VALID FOR 4 MORE YEARS WITH AN OPTION TO EXTEND FOR A FURTHER 5.
$149,000 ESTABLISHED FAST FOOD RESTAURANT IN A PRIME LOCALITY. BUSY INTERSECTION, NEAR SCHOOLS & SHOPPING, TONS OF WALK IN TRAFFIC, WEEKLY CONTRACTS WITH LOCAL SCHOOLS. SEATS APPROX 20, $7K WEEKLY SALES, RENT INCL. TMI $2,430, HYDRO & GAS APPROX $800 MONTHLY.
Please say you saw it in The Commercial Investor
$125,000 BUSY TANNING SALON IN A WELL ESTABLISHED GYM IN MISSISSAUGA! TURN KEY BUSINESS, ESTABLISHED CLIENTELE, TOP OF THE LINE EQUIPMENT (INCLUDED), BENEFIT WITH SALES OF NUTRITION SUPPLEMENT ALSO! LOW RENT $1600/MONTH ALL INCLUSIVE! SELLER WILLING TO TRAIN!
44
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Greater Toronto Area 8647857_0914
Please say you saw it in The Commercial Investor
45
Commercial Real Estate & Business Opportunities
10929735_0914
Volume 14 Issue 02
Fantastic investment opportunity on Main Street of Growing Tottenham. Large commercial space, 4+ apartments, substantial updating in last 10 years. Apartments include bachelor, 1 bedroom, 2 bedroom & 3 bedroom plus commercial space new residential developments commencing 2013/2014 adding to the growth of Tottenham. $539,900 Chris Bol* 1-888-943-0860. 0914_DJW_0035
Stunning Rural property with residence, clubhouse & 9 hole Golf Course, State of the art irrigation & maintenance systems. Over 88 acres of property just 10 minutes from Orangeville. Includes all equipment, pro-shop, clubhouse (licensed) with outdoor patio & ingroud pool. This property must be seen. Ideal development land. $4,995,000 Tanya Bottomley* or Marc Ronan***1-888-943-0860 0914_DJW_0036
Beautiful treed & partly cleared building lot in the fastgrowing town of Alcona. Tranquil setting with views of the lake & within walking distance to the gorgeous lakeside park! Services are at the lot line. $109,000 Ingrid McNeill* 1-877-435-4336.
Beautiful end-unit townhouse in Tottenham. Easy commute to the city/GTA. Located on a family-oriented crescent. Perfect for families or professionals alike. Kitchen features a walk-out to a spacious deck over-looking a lovely landscaped, fully fenced backyard. Master has 4 pc ensuite & W/I closet. All the conveniences you need! $1450/Mth 0914_DJW_0037 Ingrid McNeill* 1-877-435-4336
Development parcel partially located within the Town of New Tecumseth (Alliston) Town Boundary. Abuts developer owned land. Two parcels for flexibility, great future potential. Located in one of the fastest growing Ontario Communities & recognized by the province to be a growth area in growth policy. $3,500,000 Marc Ronan***1-888-936-4216
100 Acres located in Adjala/Tosorontio less than 1 1/2 hours to GTA. Mixed bush with 11+ acres of cleared and workable black muck soil. Makes an ideal recreational property for the outdoor enthusiast. $399,900 Marc Ronan***1-888-936-4216
0914_DJW_0038
0914_DJW_0039
For Lease. 3 buildings approx. 12,800 sq ft on 7 acres. High profile location on Hwy 9 at Orangeville. Highway Commercial zone allowing many permitted uses. 2 Buildings heated approx. 4800 sq.ft. Each and quanset hut steel fabric building approx. 3200 sq. ft. Ample parking. Great exposure. $10,000/Monthly + TMI Marc Ronan***1-888-936-4216.
84.4 Acres abutting residential development in area of fast growing Community of Alliston. Surrounded by existing development with two road stubs to East on Municipal Services. Flat, clear acreage minutes from Honda. Entirely maintenance free clean crop land. $3,795,000 Marc Ronan***1-888-936-4216 0914_DJW_0041
High profile corner Commercial lot approx 3.3 acres in Angus on high traffic Mill Street for exposure. Commercial zoning allowing for many uses including but not limited to retail stores, service shops, auto sales & services, business or professional offices. 2 Rd frontages! $1,700,000 Marc Ronan*** or Gladys Craine****1-888-936-42160914_DJW_0042
35 Acres in Central Adjala Township, workable land suitable for potatoes or any cash crop or just build that dream home or hobby farm. Located just on edge of Hockley Valley. $325,000 Marc Ronan***1-888-936-4216
1038 Acres cash crop opportunity in Amaranth - All in one location, approx 1 hour from Pearson Airport. High yielding crops suitable for cash crops or potatoes. Land is flat with some sandy loam soil. Properties have a mixture of systematic and random tiling. $9,500,000 Marc Ronan *** 1-888-936-4216 0914_DJW_0044
35 Acres of workable Muck Land. 80’ x 60’ insulated steel building for storage or workshop and 2 drilled wells. Very fertile mash/muck soil suitable for vegetable or potatoes/ onions/carrots. Premium land rent available in this area. $649,900 Marc Ronan *** 1-888-936-4216
0914_DJW_7000
0914_DJW_0043
1.877.435.4336 Alliston 1.705.725.8255 Barrie 1.905.859.4477 Nobleton
0914_DJW_0045
1.888.943.0860 Orangeville 1.888.936.4216 Tottenham 1.705.422.2350 Wasaga Beach
© 2014 Coldwell Banker LLC. All rights reserved. Each office is independently owned and operated.Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker LLC. * Sales Representative ** Broker *** Sales Representative/Owner **** Broker of Record
Please say you saw it in The Commercial Investor
Greater Toronto Area
0914_DJW_2_0020
46
moneysense
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Small BuSineSS OwnerS Heading intO retirement may Be undereStimating Value Of tHeir BuSineSS: Scotiabank Study
A
ccording to a recent Scotiabank poll, a quarter of Canada’s small business owners (26 per cent) expect their RRSP contributions to be their primary source of income in retirement, followed by proceeds from selling their business (17 per cent), their savings (15 per cent) and government pensions (eight per cent).
The study also found that one-quarter (25 per cent) of small business owners have not thought about what they want to happen to their business when they retire, while only two-inten (19 per cent) say they have a succession plan in place. AdditionAl findings:
›› On average, small business owners expect to retire at age 65,
›› ››
›› ›› ››
while nearly two-in-ten (18 per cent) are uncertain at what age they will be ready to retire. Just over one-in-ten (14 per cent) say they have no plans to retire. Overall, 52 per cent of Canadians hold an RSP, with 31 per cent planning to contribute to their RSP this year, a decrease from 39 per cent in both 2012 and 2011.* Finding and keeping customers (42 per cent) is the most frequently cited concern of small business owners followed by competition in the marketplace (36 per cent) and the health of the Canadian economy (30 per cent). Concern about succession planning ranks lower with only 19 per cent noting this as a pressing issue. Small business owners think that a succession plan should be in place almost seven years prior to retirement. Small business owners are most likely to turn to an accountant (25 per cent) first for help in developing a succession plan, followed by a financial planner (18 per cent). 68 per cent of small business owners currently have a business plan, while just 27 per cent of Canadians have a written financial plan*. (* Source: Scotiabank Investment Poll)
“It’s interesting to see that while overall RSP contributions are lower this year among Canadians generally, small business owners rank it at the top of the list as a source of income in their retirement years, while potentially overlooking the value their
business could add to their nest egg,”says Tina Di Vito, Director of Business Succession at Scotiabank.“Business owners are passionate about what they do, and we want to encourage them to take a look at both their business and personal balance sheets to make the most of their retirement years.” “Scotiabank’s team of advisors across the country are ready to help Canadians grow their small businesses so when the time comes for them to retire, they have a profitable business to sell,” says John Roberts, Vice President of Small Business at Scotiabank.“For those who plan to keep their business until they retire, it’s never too early to put a plan in place to help ensure the best long term prospects for the company they have worked so hard to build; to generate the best possible sale price and to make sure the business is properly prepared for successful transition to new ownership.” succession PlAnning tiPs The following checklist identifies steps to help ensure the best outcomes from the transfer of ownership of a business:
›› Have a well thought out and clearly documented plan. ›› Have contingency plans in place to deal with unplanned, ›› ›› ›› ›› ››
catastrophic circumstances that could jeopardize your business and your family in the short term. Establish a target date to transfer ownership of your business. Know the current value of your business and have a target value established for the ultimate sale price of your business. Consider your exit strategy. Will you be transferring your business to a family member or selling to a third party? Have a plan in place that will maximize the value of transferrable assets and protect that value of your business up to the planned transition date. Assemble a team of advisors to deal with the various aspects of ownership transfer.
In addition to speaking with small business and financial advisors, small business owners can also visit getgrowingforbusiness.com for free information, tips, blogs, whitepapers, videos, webinars and more to help them with their business needs.
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
47
Commercial Real Estate & Business Opportunities
moneysense
regiOnal BreaKOutS Small BuSineSS OwnerS: SOurCeS Of retirement inCOme total
atlantic
Quebec
Ontario
Prairies
BC
RRSP contributions
26%
21%
18%
31%
28%
26%
Proceeds from sale of business
17%
15%
26%
10%
21%
14%
Savings
15%
7%
16%
19%
13%
13%
Government (e.g., CPP, Income Security Program)
8%
17%
4%
8%
11%
6%
Haven’t given this much thought
8%
3%
12%
9%
7%
4%
Sell home/other assets
6%
9%
6%
7%
3%
7%
Income from investment property
6%
11%
7%
3%
5%
13%
Inheritance
2%
2%
2%
1%
0%
6%
Use equity in home
2%
2%
1%
4%
1%
2%
Win the lottery
1%
0%
2%
1%
1%
2%
total
atlantic
Quebec
Ontario
Prairies
BC
65
66
66
64
65
65
14%
25%
15%
8%
17%
16%
Small BuSineSS OwnerS: PlanS fOr retirement
Average age of expected retirement Never plan to retire
Small BuSineSS OwnerS: wHen SuCCeSSiOn Plan SHOuld Be in PlaCe total
atlantic
Quebec
Ontario
Prairies
BC
1-2 years before retirement
12%
10%
7%
16%
9%
16%
3-4 years before retirement
16%
16%
17%
12%
20%
19%
5-10 years before retirement
15%
24%
13%
17%
10%
18%
More than 10 years prior to retirement
13%
10%
21%
11%
10%
10%
Already have a succession plan in place
19%
19%
15%
19%
26%
13%
Don’t know
25%
21%
28%
25%
24%
24%
6.8
6.7
8.5
6.5
6.3
6.0
Average number of years succession plan should be in place before retirement
Scotiabank Small Business Poll: For this survey, TNS Canada conducted online interviews among 501 owners/partners of small businesses with under $5 million annual revenue. In tabulation, data was weighted to be representative of the small business universe in terms of annual revenue and region. The survey was conducted between September 25 and 30, 2013. Scotiabank Investment Poll: This study was conducted online for the third consecutive year using Harris/Decima’s online panel. A total of 1,029 completed surveys were collected from a random sample of panel members across Canada. The study was conducted from November 12, 2013 to November 27, 2013.
Scotiabank is a leading financial services provider in over 55 countries and Canada’s most international bank. Through our team of more than 83,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $744 billion (as at October 31, 2013), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank’s media releases using Marketwired. For more information please visit www.scotiabank.com.
Please say you saw it in The Commercial Investor
48
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
Leonardo Hara Sales Representative
Smart Choice
Realty Solutions Brokerage
Office: 416.743.2285 leohara@rogers.com www.LeonHara.com
647.668.4272
– – – – – – – – – – – – –
plaZas: Toronto – 22 acres – 300,000 sf – Business Centre - $50 mil – 7% CR Toronto - $45 mil – 6.5 % cap rate 70 KM west of Toronto - $18.75 mil – 7.5% CR – with potential 300 km West - $12.2 mil – 6% CR – AAA Tenants Collingwood – 8.5 mil – 7%CR – 7.5 acres - Potential 400 km North – 6.5 mil – AAA Tenants - 6% CR SDM - 150 km east of Toronto - $5.5 mil – 6% CR Texas Plaza – 10% CR - $4.8 mil – AAA Tenants Plaza – 130 km west - $2.5 mil – 7.5% Cap Rate 250 km West - 15 year lease single tenant - 1.17 mil - 7%CR Midland - $635 K – 47 k net income 200 km West Plaza - 3,95 Mil - 7% CR
– – – – – – – –
Toronto – 66 units - $8.25 Mil 5% CR Toronto – 57 Units – $7.1 Mil -4.7% CR London – 56 Units – Condo Status – $6.9 Mil -5.5% CR Sarnia - $5.55 Mil – 65 res + 8 com = 7.7% CR Sarnia – 31 units - $2.1 Mil – 7% CR Mix building – 7 apts + 5 offices - 1.1 mil - 7% CR Belleville - $1.09 Mil – 9% CR – 5 apts. + 7 Offices 50% return on investments in 4 years backed by GTA condo projects
apartMent Building/MOtel/hOtels
prOjects/develOpMent, land – Peterborough – 100,000 sq ft mix use and existing 50,000 sq ft with income $8.25 mil – Richmond Hill – 150 units, 12 floors, 130 K sq ft space proposed - $4 mil – Orangeville - $4 mil – 53 acres (business park) & $1 mil – 17 acres (employment) – Toronto - $3 mil – 20,000 sq ft lot CL zoning – Georgian Bay – 40 estate Lots $2.5 mil (group of lots available also) – 3 Acres in Guelph – $1.8 mil – approved for Gas Station – busy intersection – 3 Acres in Scarborough - $1.6 mil – Industrial zoning leases – Windsor – 14,500 sq ft immediately to Metro & 5,000 sq ft in a Big Plaza – Industrial/Office Flex – 2500-5800 sq ft in the Hwy 427/ QEW Area – Toronto – 20,000 sq ft lot CL zoning - $4.5/ sq ft. Medical, Office & industrial – Retail/ICI Building – Toronto – Hwy 401/Hwy 400 - $2.75 mil – Kitchener – Medical Building - $1.95 mil – 7% Cap Rate – Office Building – Windsor - $1.285 mil – 11% Cap Rate – 37% ROI 1st yr - 55% ROI - 5-10 yrs – MONTANA, US, Studios – 400 km West - SDM - 6.2 mil - 8% CR!!!
PhaseOne PhaseTwo SiteRemediation Environmental Site Assessments
For ~ purchasers ~ vendors ~ realtors and lenders 8297113_0914
Greater Toronto Area
Let a Real Estate Investor, Manager & Realtor Help You Sell, Buy or Manage Properties, Implementing Optimal Marketing, Management and Investing Strategies... 8148048_0914
Borehole Drilling Soil Sampling Groundwater Testing
Underground Tanks Asbestos Removal Demolition
~ Fast turnaround to meet closing deadlines ~ ~ Cost effective assessments by experienced environmental scientists ~ ~ Over 15 years of experience assessing Commercial, Industrial & Residential Properties for Brokers, Property Management Firms & Financial Institutions ~ Please call to receive our free report on new changes to environmental regulations ~
905.825.2943 871 Equestrian Court, Oakville
~ Servicing All of Southern Ontario ~ Please say you saw it in The Commercial Investor
Commercial Real Estate & Business Opportunities
49
Greater Toronto Area
Volume 14 Issue 02
11276658_0514
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
Igor Chouminov president, Broker of Record
PAII REALTY INC.
Brokerage
416.877.0326 igor@paiirealty.com inveStment And development ReAl eStAte
Coming Soon to RiChmond hill
15 unit townhouSe development Site
• 17 unit Townhouse Site, 3 storey units w/20 ft fronts over 2600 sf+ each with large backyards.
modern design: 15 Unit Townhouse Site, 20ft fronts, from 2000 to 2500 sf, 3 storey, large backyards, upscale neighborhood. Walking distance to shopping, schools, and transport.
• Great neighborhood walking distance to shopping, schools and transport. Call to Register for VIP Pricing!
11265283_0914
50
Priced at $3,750,000
RetAil plAZA/Condo development Site, SCARBoRough, on • Under secondary plan for mixed use condominium development. • Retail Plaza current net income: $200,000/year • Great investment/Development opportunity! Priced at $6,000,000 3313_DJW_1_0103
AtteNtION CUStOM HOMe BUILDeRS COMING SOON to Richmond Hill, Estate Lots on Exclusive Street, Lots over 60ft, with Depths of over 150ft, Homes in the Area selling over $2M+++, Lot Prices Starting in the Low $1,000,000s. Please call for Details!
ACTIVELY LOOKING FOR:
Greater Toronto Area
COMMERCIAL AND RESIDENTIAL PROPERTY FOR DEVELOPMENT SITE PLAN APPROVED PROJECTS RETAIL PLAZAS AND OTHER INVESTMENT PROPERTIES INVESTORS FOR REAL ESTATE PROJECTS ACROSS THE GTA!
inthenews
Symmetrical, flexible inflation target continues to serve Canadians well, says Bank of Canada Senior Deputy Governor Tiff Macklem
T
he Bank of Canada’s flexible inflation target has served Canada well in both tranquil and turbulent times and remains the right policy framework to address the current economic environment of persistently weak inflation, Senior Deputy Governor Tiff Macklem said recently in a lecture at Concordia University’s John Molson School of Business.
“Inflation targeting was designed against a backdrop of high inflation, but its key features of symmetry and flexibility also give us room to manoeuvre in an environment of disinflation.” Mr. Macklem discussed the various causes of the decline in inflation since 2012. He said that this disinflation appears to reflect a combination of“bad”disinflation stemming from a significant and persistent excess supply in the economy, and “good”disinflation resulting from heightened competition in the retail sector. In theory, monetary policy should look through good disinflation as long as inflation expectations remain anchored, and
work to offset bad disinflation. In practice, there is considerable uncertainty surrounding our measurement and projections, making monetary policy more of an exercise in risk management. “We need to do our best to determine why inflation is below target, but no matter how hard we try, there will be uncertainty about our diagnosis,” Mr. Macklem said.“Our work at the Bank of Canada is both to sharpen the analysis as much as we can and, at the same time, to take account of the risks and uncertainties as we determine the appropriate course for monetary policy to achieve our inflation target.” The Senior Deputy Governor highlighted that the floating exchange rate is a key element of the inflation-targeting framework, allowing for a made-in-Canada monetary policy and serving as a buffer against shocks to the economy. “In light of the recent depreciation of the Canadian dollar, it bears stressing that the Bank does not have a target for the exchange rate - it has an inflation target. The exchange rate is determined in markets, and we neither promote any specific value for the Canadian dollar, nor thwart its movements.”
Please say you saw it in The Commercial Investor
Commercial Real Estate & Business Opportunities
51
Greater Toronto Area
Volume 14 Issue 02
11274591_0914
Please say you saw it in The Commercial Investor
52
profile
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Love where you shop! Liberty Development Corporation offers an array of office & retail opportunities Shops at Royal Gardens
D
espite being recognized for building great places to live, Liberty’s communities are also seen as great places to work and play. As award-winning mixed-use developers, Liberty has a reputation for building premium retail and office condominiums.
A large part of Liberty’s successful approach to mixed-use development is offering businesses and retailers a range of prime locations throughout the Greater Toronto Area. “We want to be able to provide the best commercial spaces in our communities,”says Shawn Richardson, Liberty’s sales and marketing manager.“Commercial retailers and business owners, just like homeowners, see the value of location, and the value of locating at one of our prime mixed-use developments.” Whether in Richmond Hill, North York, Toronto or Vaughan, Liberty’s projects feature a great collection of commercial opportunities, delivering value and opportunity with ideal location and amazing design, for today’s business owner.
Metro Place Shops Shops at Royal Gardens Royal Gardens is a stunning master-planned development that boasts three condominium towers and a beautiful townhome community, all centred on an idyllic new parkette. Located on Highway 7 east of Bayview Avenue, Royal Gardens is home to Shops at Royal Gardens, a prime commercial space with ground floor opportunities. Businesses will value the street exposure (fronting Highway 7 East at Rockwell) and the customer-friendly, transit-oriented location. For more information, visit www.shopsatroyalgardens.ca.
Metro Place Shops Metro Place is a vibrant condominium community comprised of four towers in the heart of North York. Located at the lively intersection of Allen Rd. and Sheppard Ave., Metro Place Shops offers fantastic retail opportunities at the base of the third and fourth residential buildings, Metropolis and Parkside Tower. With frontage on Allen Rd., directly across from the Downsview subway stop, and a beautifully landscaped pedestrian walkway, Metro Place Shops is the perfect place to set up shop in the bustling North York area. For more information, visit www.metroplaceshops.ca.
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
Terrace on Danforth Shops Terrace on Danforth Shops Steps to Toronto’s enticing Danforth neighbourhood is Terrace on Danforth, a distinctive seven-storey midrise residence that combines culture and convenience. Featuring fantastic retail storefronts at grade, Terrace on Danforth provides the chance to be situated in the heart of a dynamic and lively neighbourhood. For more information, go to www.terraceondanforth.ca.
The Shops and Offices at Centro Square Poised to become one of Vaughan’s most popular destination developments, Centro Square is ideally positioned in the heart of Vaughan, at the corner of Highway 7 and Weston Road. With 250,000 square feet of office and retail space, business owners have the option of buying into this community by purchasing one of Centro’s unique commercial condos. Owners will be a part of the incredibly vibrant Centro Square Community, which boasts 784 condominiums and a commercial/retail corridor that provides unequalled access to the multitude of stores and offices. For more information, visit www.lovewhereyoushop.ca.
Shops and Offices at Centro Square
Also included in the roster of Liberty’s phenomenal commercial sites is the highly anticipated Shops on Yonge (on Yonge St. north of Steeles Ave.), now open at the award-winning master-planned community, World on Yonge. Providing prime retail, restaurant and service commercial opportunity is Liberty Plaza, the newly renovated, 140,000 sq. ft. mixed-use commercial building located at York Mills and Don Mills. With easy access and ample parking, Liberty Plaza has a mixture of impressive shops and restaurants, including Galleria Supermarket, Dragon Pearl Buffet, Menchies, Fox & the Fiddle, and Five Guys Burgers and Fries. The awardwinning eko Markham Centre and Liberty Square, located at Highway 7 and Warden, includes supreme office and retail opportunities at the commercial centre, complete with an office complex and ground floor retail. With a strong portfolio of commercial developments in the Greater Toronto Area, Liberty Development Corporation has it all. For more information, you can visit online at www.libertydevelopment.ca
Please say you saw it in The Commercial Investor
53
profile
54
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
Tony Giannini Sales Representative
RE/MAX PERFORMANCE REALTY INC., BROKERAGE 1140 Burnhamthorpe Rd., Suite 141 Mississauga, ON
905-270-2000 Email: agiannini@trebnet.com 9774309_0914
MODERN 3 BAY COIN CAR WASH Automatic car wash & Dog Wash on prime location. Thriving cash business in growing town within Guelph with major residential developments. Separate pet wash, 3 coin bays, automatic car wash unattended, vacuums, blowers for drying car in each bay. Vending machines, security camera system with internet access for monitoring. Asking $749,900. 0914_DJW_1_0094 0914_DJW_1_0095 0914_DJW_1_0096
Greater Toronto Area
Over 6000 sq ft bldg. fully renovated with new roof and 1280 sq ft bsmnt. 3 commercial units and 4 renovated apartments separately metered. In the heart of Streetsville close to bus, Go, Hwys. Great investment at 6% cap rate. Asking $1,920,380. 0914_DJW_0106
For lease. Property located in Halton Hill at Trafalgar and Steeles with one large 2-storey home, one bungalow, huge barn with two levels and an apartment and a sports field. Many uses from garden centre to storage to retail. Can lease whole property or part of it. Call now to preview.
Principals Only
8 BAY COIN CAR WASH & PET WASH 7 years old. Located just minutes from Mississauga in a highly populated and growing city. Nothing like it for sale. Call for private viewing. Will not last. Asking $2.6 million. 0914_DJW_2_0037
Excellent Oakville Development site. 1.5 acres. Currently rented for $3000/mth. Road to be widened & directed to new hospital. Use as contractor yard or develop. Asking $1,199,000.
0914_DJW_0107
0914_DJW_2_0090
URGENTLY Needed for anxious qualified buyer. High volume gas stations and High Volume coin Laundromat. Retail strip plazas. High volume car wash. SELLING!! CALL NOW FOR FREE CONSULTATION Please say you saw it in The Commercial Investor
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
central ontario COverINg: Barrie • Collingwood • Muskoka • North Bay • Kawartha Lakes Midland • Meaford • Paisley • Parry Sound • Orillia Owen Sound • Sudbury • Walkerton For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com Notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor
55
56
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
www.temrealestate.com
THORNLOE Situated directly on Highway 11, this established Gas bar and Variety Store with living quarters generates over one million dollars a year revenue. Call for more details.
11284356_0914
Located along the Trans Canada Highway corridor, between North Bay and Timmins, these listings are in the high growth areas of New Liskeard, Earlton, and Matheson. The economies are currently being driven by an explosion in agricultural and mining activity, resulting in increased demand for support services and presenting great investment opportunities due to rising prices. Good infrastucture for shopping, education, and health care, along with many outdoor recreational activities make this a great place to raise a family.
$299,000 0914_DJW_0046
LARDER LAKE
11284671_0914
Buy this Inn as an investment with local management already in place, or move to this scenic location and enjoy both the business and the lifestyle. Owners house also available. Call for more details.
$173,500 0914_DJW_0047
moneysense Central Ontario
Small business checklist for filing taxes
A
s the deadline approaches and small businesses race to file their taxes on time, below are some Dos and Don’ts to stay organized and file your returns on time.
DO: • Backup your records – Making copies of all the receipts and invoices you are filing will ensure you have the proper documentation in place should you be selected for review. Scanners are ideal for this reason, according to equipment company, Brother Canada. The Brother ADS 2000 scanner is certainly an option to consider! This type of equipment makes sure the entire process is quick and painless. • Conduct research - Knowing which business expenses can be written
off helps you save as much money as possible. For example, consider all of the new office equipment purchased in the past year, such as printers and scanners. • Use the right tools – Whether it’s a type of software to help you organize your expenses or the right office equipment to get you through your printing, copying and scanning needs, having the right tools can help you file your taxes on time and without mistakes. DON’T • Miss deadlines –Income tax penalties can be especially painful in today’s market. Even if your taxes are due after April (depending on how your business is structured you may have until June 15), be sure to file well in advance as you still need to pay any income tax due by April 30. • Mix business and personal - Filing your business and personal expenses at the same time can lead to mistakes and confusion. These two should be treated completely separately, especially if you’re working out of a home office. Information on office tools that can help you stay organized during tax time is available online at www.brother.ca
Please say you saw it in The Commercial Investor
57
Commercial Real Estate & Business Opportunities
1-866-557-1110 705-647-1110
temiskaming realty ltd., brokerage New Liskeard, Northern ontario
www.temiskamingrealty.com
Bill Byers, Sales representative
bill-byers@coldwellbanker.ca
LIQUIDATION STORE
FREE BUILDING
Solid block 5700 sq building & business downtown Englehart, no competition, seller will train. Asking $265,000. MLS 132614
With the purchase of this Earlton lot for only $54,900. 3600 sq’ plus garden centre sq’ downtown corner lot with lots of potential. MLS 102746
0914_DJW_1_0012
Central Ontario
0914_DJW_1_0086
RESTAURANT & BUILDING
VARIETY STORE
Great Business looking for energetic owner. Family Restaurant “Tri-Town Pizza”. Lots of potential to expand with fenced patio. Full basement, parking, office, chattels & training included. Asking $174,900. Haileybury. MLS 132910 0914_DJW_1_0010
With owner’s 1+1 bedroom apartment. Former LCBO & OLG. Walkin cooler, storage sheds & more. Great potential to start your own business at a great price. Asking $99,900. Latchford. MLS 132923 0914_DJW_1_0011
e
ic
w
ne
pr
HOME BASED BUSINESS
HIGHWAY #11
3+1 bedroom home just off Hwy #11 in New Liskeard with 50’ x 20’ attached office, carport & double garage on a 1 acre lot with plenty of parking. Also great for a large family. $219,900. MLS 131802.
Great location for visibility & access. Surrounded by Hwy #11, #569 & Development Road. Fully fenced & graveled 2.34 acre property with 3 gated entrances. 40’ x 60’ 3 year old well insulated shop with office & storage. Lots of potential with general Industrial Zoning 9 miles north of New Liskeard. Asking $399,900. MLS 140081 0914_DJW_2_0012
0914_DJW_0100
9857729_0914
Volume 14 Issue 02
Please say you saw it in The Commercial Investor
58
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
eastern ontario COverINg: Lindsay • Peterborough • Port Hope • Bowmanville • Cobourg • Trenton • Belleville • Kingston • Northeastern Ontario For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com Notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor
Volume 14 Issue 02
59
Commercial Real Estate & Business Opportunities
William G. Bird Broker, CCIM CD | williambird@cogeco.ca Cell: 613-243-2767 Office: 613-969-9907
Quinte Ltd., Brokerage* * Each office Independently Owned & Operated
UPSCALE RETAIL BUILDING AT 286 FRONT ST IN DOWNTOWN BELLEVILLE
$224,900
New frontal facade with double pane windows, gives heating efficiency and ample light on to the 2400 sq ft sales floor. Also there is a raised 2nd floor 900 sq ft. mezzanine that can be used for workshops and office space. The building is in excellent condition with a full basement that is dry, odour free and suitable for storage. There is ample rear parking and it also features a hot water gas fired boiler. A placement survey shows the building to be 26.68 by 96.03. Cap Rate is 11% taxes $6246. Call Bill Bird for further details and expenses at 613-243-2767 or 613-968-8753
$899,000
0914_DJW_0031
Scrap yard side located near Hwy 401 on year round road. Just off 401. Property is zoned correctly. Yard is five acres in size. Zoned for General Industrial M2. Taxes $3,047 (2012). Owned by same family for a number of years. 0914_DJW_0032
BELLEVILLE - NORTH FRONT PIZZA BUSINESS BELLEVILLE’S TOP SPOT FOR ENTERTAINMENT
0914_DJW_2_0048
30 YEAR ESTABLISHED DRESS STORE & BRIDAL SALON $75,000 Well established cliental, providing women with exclusive fashions and Bridal wear in downtown Belleville Ont. Sale includes chattles - trade name - stock will be sold extra. Sale to be done under the Bulk Sales Act of Ontario. For complete details call Bill Bird at 613-968-8753. The building is to be sold separately.
PLAZA BELLEVILLE
6 CATHERINE BELLEVILLE
Zoning allows for business and rental income. One unit currently leased, owners to move business. Upper unit is now offices but could be residential. Call Bill Bird for further details 613-243-2767
$249,000 TRIPLEX
STORE - 3 APTS - BUSINESS
8 units. Offices and retail, located on one of Belleville’s main arteries. #2 highway. Excellent condition. Call Bill Bird for details at 613-243-2767
$1,100,000
0914_DJW_2_0050
0914_DJW_1_0051
$719,000
Includes store, business, 3 apts owned over 20 years. One of the highest producing convenience stores in Belleville. The potential for growth in income is unlimited as it is located in an area of explosive growth. 3 apartments plus store give this a great cash flow.
In Eastern Ontario for Commercial Real Estate Call Bill Bird for Sales & Leasing.
Please say you saw it in The Commercial Investor
0914_DJW_1_0139 10002624_0914
Eastern Ontario
$125,000
Step into an instant cash flow from this popular bar. Outstanding location near the new Ontario Court House. Ample parking & situated on the Moria River gives this the special touch. Bar food is available but could be up-scaled to fine dining. Located in a promising area of greater income potential and future growth. 0914_DJW_1_0140
17 years established sale includes vehicles - all chattels - including a 1986 truck (chip wagon) selling at events. Includes right to 10 off site events. All company receipts and lists of past clients. Owner will train for 14 days at no cost. Call Bill Bird at 613-2432767 for more details.
60
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
34 BED RETIREMENT HOME
13 BED HOME CARE FACILITY EASTERN - ONTARIO 10 DOM 3 HSC BEDS $665,000 20% CAP RATE-50% R.O.I!
67 BED DOM/ RETIREMENT HOME
Turn key operation 90 minutes from Mississauga in a lovely town that provides the clientele for this charming retirement home. Currently running at full capacity with a waiting list. Gross income approximately $800,000. Rates are affordable providing a large pool of clients.
Great business opportunity. This Home Care Facility in pristine condition comes with a lovely owner residence on site. Ministry of Health and the City of Cornwall pay the owner directly for the residents. On site owner operators can net $120,000 per year. Could be TAX EXEMPT. Because of minimal living expenses the on site owner operator could save $100,000 + per year.
Based on the current demographics the town has a demand for a good affordable retirement facility. The current building has an outstanding 22 bed domiciliary facility currently full with a waiting list. An additional 45 beds are possible in a separate building. Location Eastern Ontario.
0514_DJW_0008
3713_DJW_5_0088
0514_DJW_0009
MICHAEL SHMUKLER, Broker of Record michael@michaelshmukler.com www.MichaelShmukler.com - click on I.C.I properties
11253451_0914
Office 519-434-3706 Direct 519-318-1622
inthenews
A CGA can help your small business 1. Sound Advice: A certified general accountant (CGA) sees the big picture provides sound advice your business needs. You are the expert in your business; and a CGA is the expert in accounting, finance, taxation and business management. Together, the two of you will anticipate, prevent and solve problems. Eastern Ontario
2. Succession planning: The difference between selfemployment and business ownership lies in knowing your business can succeed without you. Succession planning ensures your business is self-sufficient. A CGA will help you develop a sound succession plan. 3. Business startup: When you decide that it’s time to make your dream a reality, a CGA will help set up the most appropriate entity for your business: a sole proprietorship, partnership or corporation. 4. Software installation and training: A CGA will take the time to understand the information technology needs of your business, assisting in the evaluation of functionality, cost and portability, and create the right software environment for your business through installation, configuration and training. 5. Systems implementation: Proper systems can make the difference between chaos and order. A CGA will help you to identify and evaluate systems such as record keeping, document retention, asset protection and information controls.
6. Estate planning: Estate planning is important. A CGA works with you and your lawyer to ensure that designated beneficiaries receive the maximum benefit from your estate. 7. Financial planning: Whether it’s investment advice or cash flow projections for your growing business, a CGA will provide the sound financial planning you require to get you to your goal. 8. Controllership services: You need a CEO. Many CGA firms offer part-time controllership services. They will provide hands-on advice about financial controls and procedures, assist in month-end processes and help ensure your business is in compliance with regulatory agencies. 9. Accounting services: CGAs offer a wide range of accounting services, from compiling your financial results on an interim or year-end basis, to payroll administration, tax compliance, cash management, projections and bill payment, plus analysis, assessments, calculations and reviews. 10. Tax planning and preparation:Tax planning and preparation is an integral part of the financial planning process. A CGA will help you minimize the taxes you pay – now and in the future – whether you’re an employee or self-employed, an investor or small business owner, a farmer, student or landlordl. NC More information or access to other small business resources is available online at cga-ontario.org or toll-free at 1-800-668-1454.
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
61
Commercial Real Estate & Business Opportunities
Jamie Troke, CCIM Broker of Record jtroke@reach.net
8305397_0914
“Your Commercial Connection in Eastern Ontario” www.cbcommercial.ca
613-969-9901
FOR SALE 114,000 SF – 8.5 ACRE PLAZA 7% CAP RATE
10% CAP RATE
DOWNTOWN CORE 14,000 SF
WATERFRONT
Belleville, asking price includes 3.79 acres - 19 permanent mobile home sites, large duplex plus triplex, 2014 budgeted Gross Income $106,000!
Located in downtown core. Uses include: Community Centre, day nursery, place of worship and possible conversion to multiresidential social housing or boarding house. www.111cedar.com. Contact Bill McGuire, Sales Rep.
Located on Trent River in downtown core of Frankford. Prime for conversion to multi-residential or retirement home, site 82 ft x 282 ft fully paved, existing building is 4,500 s/f. www.40northtrent.com. Contact Bill McGuire, Sales Rep.
FAMILY RESTAURANT
32,000 SQ. FT.
ASKING $468,000
0514_DJW_0060
GROCERY STORE - BUTCHER SHOP
ASKING $189,000 0514_DJW_0061
STIRLING
TRENTON
4,000 S/F full service long established Grocery Store with Lotto and Butcher Shop (owner will help train). Includes all land, building and equipment.
Contact Adam Burr:
www.Sprenkels.ca
ASKING $598,000
4913_DJW_2_0096
ASKING $485,000 0514_DJW_0062
BELLEVILLE
Great opportunity to own your real estate and busy 125 seat restaurant with catering potential. www.BlackDogStirling.com
ASKING $475,000
4913_DJW_1_0095
Please say you saw it in The Commercial Investor
Investment Property Downtown core office building government tenants. www.15victoria.com Joe Shunock, Sales Rep.
PRICE REDUCED!!! $1.7 MILLION!!
4913_DJW_3_0075
www.4379dundas.com
Eastern Ontario
350 parking spaces, over 1,000 residental units in neighbourhood. Anchor tenants include Giant Tiger, Dollarama, Meta Employment Services, Salvation Army Thrift Store and Tim Hortons. www.sidneysquare.com 4913_DJW_0081 4913_DJW_0082 4913_DJW_0083
62
Commercial Real Estate & Business Opportunities
inthenews
Volume 14 Issue 02
Tax tips and credits for your small business
A
s a small business owner, it’s important to leverage all of the tax credits available, so do take note of the following tax tips featured in CGA Ontario’s Personal Tax Planning Guide:
Business and Self-Employment Expenses • Self-employment expenses must be documented. There are instances where the tax courts have disallowed what might otherwise have been legitimate expenses because of poor or nonexistent documentation. A lack of proof to support the taxpayer’s argument in the event of a dispute with the CRA could also lead to the imposition, or upholding, of penalties. • The salary paid to a family member may allow that individual to become eligible for CPP and RRSP contributions. • Be vigilant about documenting the work carried out by family members in order to help prove the compensation they received was equitable. Meticulous records should also be kept of related payments. • Don’t forget to include business-storage space in the basement and elsewhere, when determining the proportion of your home used for commercial purposes. Capital Cost Allowance (CCA) • Specific costs incurred by employers to improve business premises’ access for people who are disabled may be deducted in the year they are incurred and need to be capitalized. • You do not need to claim all eligible CCA amounts in the year they are incurred if you believe it may be tax advantageous to carry all, or some, of that amount forward. • Consider purchasing employment-related assets (e.g., automobile, musical instruments, etc.) closer to year end in order to potentially accelerate the timing of CCA claims. • If a business asset is used to produce income (such as a computer), it might be possible to claim CCA based on the asset’s value at the time of conversion.
The proportion of a property’s commercial and personal use (such as an automobile) might also change, affecting CCA. • A portion of your business-related webpage development cost might qualify as a capital expense, subject to CCA, if it is incurred to establish an asset of enduring value. Rental Real Estate and Real Estate Limited Partnerships • Profits and losses from rental property can affect your RRSP deduction limit, as well as possible entitlement to certain means tested government benefits. • If you are renting out a property that you also use personally, such as a cottage, be sure that you keep separate, meticulous records of expenses incurred for personal use and rental use of that property. Several factors may be taken into account to determine if rental losses are deductible for tax purposes, including whether or not the rentals are conducted in a commercial manner. • Paying a salary to your spouse for managing rental property might provide opportunities for income splitting, if the salary paid is reasonable for the work performed. • If you have a tenant in your home, you have to divide the expenses that relate to the whole property between your personal part and the rented part. To determine what proportion of your home is used for rental purposes, be sure to take all use of your property by the tenant into account, including their use of rooms you share access to. Scientific Research and Experimental Development Tax Credit (SR&ED) • Keep detailed records of your SR&ED work. The tax courts tend to favour a meticulous approach toward documenting various steps, results and conclusions to prove the work is attempting to provide a scientific and/or technological advancement. • You need not have incurred the SR&ED expenditures during the same year in which a related deduction is claimed. • The salary of a Canadian who is engaged in SR&ED activities outside the country, but which supports eligible activities within Canada, might also constitute an eligible SR&ED expenditure. • If your instalment has been late or deficient in the past, consider prepaying or overpaying future instalments. The CRA will offset interest on early or excess instalments against interest charged for the same year (although interest on any net balance will not be paid). Retiring Allowance and Termination Payments • A severance amount paid to a spouse or common-law partner as a result of working in a family business such as farming may qualify as a retiring allowance regardless of past remuneration, provided an employer/ employee relationship existed over that period and the proposed retiring allowance is considered reasonable by the CRA. NC
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
niagara COverINg: Niagara Falls • Niagara-on-the-Lake • St. Catharines • Thorold • Welland • Fort Erie • Beamsville • Fonthill • Port Colborne For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com Notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ Please say you saw it in The Commercial Investor
63
64
inthenews
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Federal Budget
gets a bronze from small business: CFIB
C
anada’s small business owners welcomed several measures from today’s federal budget, particularly efforts to eliminate the deficit, reduce credit card processing fees for merchants and consumers and cut the cost of the public service. “Small business owners know that today’s deficits are tomorrow’s taxes, so they are pleased the government’s commitment to a balanced budget in 2015 remains solid,” said CFIB president Dan Kelly.
There were several small business-friendly changes in the 2014 budget, including:
›› Committing to help in reducing credit card processing fees for merchants and improving the Code of Conduct;
›› Confirming freezes in both Employment Insurance and Canada Pension Plan rates;
›› Accepting CFIB’s recommendations to cut red tape by allowing more small firms to remit source deductions less frequently;
›› New approaches to workplace training, loans for apprentices and internships in small business; and
›› Further actions to restrain public sector compensation, reform sick leave provisions and reduce the cost to taxpayers of government retiree benefits. Credit Cards “We are very pleased that the budget states further steps will be taken to reduce credit card processing fees for merchants and the dearth of information for consumers,” Kelly said. “CFIB has been working hard to push for measures to reduce the $5-7 billion cost of credit card processing and to end the ‘arms race’ of ever-higher tiers of high-cost premium cards.” small Business taxes “As many small business owners who pay themselves in dividends will be hit hard in 2014 by last year’s changes to the dividend tax credit, CFIB is relieved the government is promising further tax reductions for small business once the budget is in balance,” Kelly noted. Hiring Credit eliminated “While small firms recognize the government froze Employment Insurance premiums for 2014, CFIB is also disappointed with the elimination of the Hiring Credit for small business,” Kelly said. “We urge government to move quickly to reduce EI premiums as soon as the account is back in balance,” Kelly added. Cross Border PriCing “While there were few big surprises in the 2014 budget, CFIB is pleased that government remains on course to eliminate the deficit next year,” Kelly said. “With a soft economy, we will be lobbying hard for tax reductions, such as a cut in the small business corporate tax rate, in advance of the 2015 budget. We will also continue to monitor new proposals, like legislation on cross-border pricing, to ensure the interests of independent businesses are protected.” CFIB is Canada’s largest association of small and medium-sized businesses with 109,000 members across every sector and region. SOURCE Canadian Federation of Independent Business
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
65
Commercial Real Estate & Business Opportunities
www.dtz.com DTZ Barnicke Niagara Limited, Real Estate Brokerage 4056 Dorchester Rd. Niagara Falls, ON L2E 6M9
S.
ING
D EN
EP
L SA
.O. RP
DE
UN
Wasaga Sands Golf Club
Rolling Meadows Golf Club
Wasaga Beach, ON 18-hole golf course - 121.5 acres Club House/Pro Shop/Banquet Hall City Water with grey water sewage disposal system OFFERED AT: $1,850,000 Under P.O.S. Contact Mark Stevens, Sales Rep.
Montrose & Yokom Rd., Niagara Falls 18 Hole Semi Private Golf Course - Under Power of Sale 130.89 acres w/an additional 121.45 abutting land Banquet facility & Club House/Pro Shop OFFERED AT: $2,995,000 Contact Mark Stevens, Sales Rep. or Todd Crawford, Broker Mark.stevens@dtzbarnicke.com
16 Dufferin St., Fort Erie
0914_DJW_0049
0914_DJW_0048
905-354-7413
9866060_0914
1813 Allanport Rd., Thorold
105 Merritt St., St. Catharines D CE
ICE
PR
DU
P ED
0914_DJW_0053
Professional Office Building Downtown Core - 9,150 s.f. 2 storey situated on 66 x 100 lot Parking for 14 vehicles OFFERED AT: $769,000 Contact: Greg Chew, Sales Rep. Greg.chew@dtzbarnicke.com
0914_DJW_0054
UN
570 King St., Welland
. O.S
P ED
C
DU
RE
93 Room Motel situated on 1.69 acres Offered on an “AS IS, WHERE IS” basis Minutes to the Falls 2 bdrm Manager’s Apt, inground pool OFFERED AT: $2,050,000 Contact Greg Chew, Sales Rep. Greg.chew@dtzbarnicke.com
E
RIC
. RP
DE
C
DU
RE
11,200 sf Commercial Building Retail/Showroom/Warehouse Truck level door & 3 O.H. doors Situated on 3.3 acres NOW OFFERED AT: $495,000 Contact Taylor Wilson, Broker of Record Taylor.wilson@dtzbarnicke.com
7701 Lundy’s Lane, Niagara Falls
E RIC
0914_DJW_0055
50 William Street, St. Catharines
30,000 sq. ft. Industrial Building Situated on 2 acres Loading docks & 3 O.H. doors, 16’ clear New roof, ample on site parking OFFERED AT: $995,000 Contact: Ralph Roselli, Sales Rep
Welland Professional Medical Building 1.1 acres with ample on site parking 16,900 s.f. high traffic location OFFERED AT: $549,000 Contact: Greg Chew, Sales Rep. Greg.chew@dtzbarnicke.com
BROKERAGE APPRAISALS MANAGEMENT
Connected Globally. Focused Locally. Please say you saw it in The Commercial Investor
Niagara Peninsula
0914_DJW_0050
0914_DJW_0051
14 Unit, 2 storey walk-up Apartment building 7-2 bdrm, 5-1 bdrm, 2-bachelor Full basement - Coin laundry Very clean - New roof, eaves & downspouts OFFERED AT: $840,000 Contact: Ralph Roselli, Sales Rep.
0914_DJW_0052
RE
66
Volume 14 Issue 02
8181576_0914
Commercial Real Estate & Business Opportunities
Garden City Realty Inc
Brokerage Independently Owned & Operated
Tony Tripodi
905-641-1110 cell: 289-241-6954
Broker
tripodi@sympatico.ca
*INDUSTRIAL*COMMERCIAL*INVESTMENT*
ST CATHARINES - INDUSTRIAL BUILDING
LISTED AT $3,900,000
On 14 acres. Approx. 150,000 sq ft. Numerous doors, loading docks, sprinkler system. 120 unit indoor self storage units with room for additional 120 more units. Solar panel paying $862,000 on first 10 years and $250,000 year for further 10 years. 6 acres zoned for low rise apartment buildings. Close to Hwy 406 and QEW.
0914_DJW_0099
ST CATHARINES - LINWELL PLAZA Formerly a call centre. Ideal location for fitness centre, furniture store, etc. Approx 11,000 sq ft with all facilities in place. Asking $10 per sq ft. Tenant’s assistance available. Plenty of parking and exposure.
0914_DJW_1_0068
NIAGARA FALLS, ON
Restaurant/bar known as “The Niagara”. Turnkey operation. Just walk in and start making money. Included in price is land, building, equipment, and chattels. LLBO licensed for 200 seats, including patio. In the center of revitalized downtown. Terms may be available with good downpayment. Price slashed to $299,900. Don’t lose this opportunity! Call Tony direct at 905 323 7064. Email tripodi@sympatico.ca 0914_DJW_1_0078
Call Tony Tripodi @ 905-323-7064 or email: tripodi@sympatico.ca
For all your Commercial Real Estate needs call Winfred Pasveer at Niagara Real Estate Centre 9741969_0914
Brokerage
Independently Owned & Operated
905-937-6000 fax: 905-935-8215
905-931-2602
winfred@royallepage.ca winfred@royallepagecommercial.com www.winfredpasveer.com
Winfred
WOODLAWN/406 WELLAND 0 00 0, 50 TO , $3 ED 00 C OM U 0,0 FR RED ,90 $2
Pasveer
Sales Representative 4318 PORTAGE RD.
Niagara Peninsula
23.81 acres. Excellent development land across from the new Walmart, Canadian Tire & Rona in Welland. Great exposure and frontage on HWY 406 and Woodlawn Rd. Don’t miss the opportunity to pick up this prime real estate while you still can.
FT Q I /S TM 2 $1 8
6,000 sqft of warehouse space available in large building on busy Portage Road just south of Thorold Stone Rd in Niagara Falls. Anchor tenant is Citizenship and Immigration Canada. Lots of parking. Can build to suit for offices and/or warehouse combination or be split into smaller spaces for lease individually. Lots of opportunity to build to suit your needs. Let your imagination be your guide...Ask about our incentives! 0914_DJW_0062
+
0914_DJW_0061
312 LAKE STREET - ST. CATHARINES FREGO’S GRILLHOUSE & BAR
144 LAKE & 144A LAKE STREET ST. CATHARINES NG 0 KI ,90 AS 48 $8
Great bar and restaurant. Great business, owner retiring, business and equipment only. Property is leased. LCBO licensed for 120 people, great patio. Soccer every Wednesday. Darts tournaments. Great business. Great potential. 0914_DJW_0063
10 UNIT APT BUILDING - Building can be sold seperately. Single family 3 bedroom home plus 8 apartments, 1 commercial unit, and 1 office unit. Cap rate is 7%. Call Winfred Pasveer* 905931-2602 or Anthony Perlingieri* Right At Home Realty, 289-888-2310. 0914_DJW_0064
Please say you saw it in The Commercial Investor
123 GENEVA ST. - ST. CATHARINES 00
,0
00
2 1,
$
Great location, home to the Heritage Restaurant, 3 floors 7,000 sq.ft. per floor Great beam structure inside (Red Pine) all throughout. All equipment included. Great for loft apartments on top floor and offices or restaurant on main floor. 0914_DJW_0065
Volume 14 Issue 02
67
Commercial Real Estate & Business Opportunities
LarryYour“BILKO” Bilkszto Local Sales Representative Since 1989
Garden City Realty Inc. Brokerage Independently owned and operated
Email - bilko@rgcmail.com Web - www.bilko.ca
(905) 641-1110 • (905) 563-3330 Toll Free (866) 575-9400 8494906_0914 TONS OF FARMS TO CHOOSE FROM IN THE NIAGARA REGION WITH BILKO. GREENHOUSES • VACANT LAND • VINEYARDS • TENDER FRUIT • HOBBY FARMS • COUNTRY ESTATES “BILKO”
2 Homes on 92 acres! 3 bdrm w/full bsmt. Open concept kitchen/ dining & living rms. 2 pc ensuite, 4 pc bath. C / A , C / V & woodstove. 2nd house rents for $900/mnth+. Lrg shop/garage 64' x 40' w/18' ceilings, 2-12' doors & 2 garage doors. 60' x 30' block barn. $724,800
84 acres of land out of the Green Belt yet close to all amenities. Approx 50 acres aerable & planted to cash crops. Balance is bush & hardwoods. Old gas well on property which worked in its day. Build your dream home in the country. Road frontages on Chantler & Poth. Not too many parcels of this size go on the market. $779,800
102 acre property in Meaford w/55 acre apple orchard & 10 acres of vacant land. 3 ponds, creek & ravines. 10 varieties of apples. 50x40 board & batten outbuilding, 120x25 outbuilding w/helphouse areafor 8 workers. Septic, water, 200 amps, 2-14x10 overhead doors, cold storage area & a heated 60x24 shop with 10x10 overhead door. 3 Bdrm brick bungalow w/2 bathrooms. $987,800
4.4 Country acres. Past use was a grape juice production site. Production facility approx. 12,000 sq. ft steel bldg, 40' x 50' detached workshop & solid brick bungalow w/full bsmt. 3 phase hydro. In need of repair. Sold 'as is' under P.O.S. $599,800
Award winning vineyard! A turnkey operation with contracts in place. 19.47 acres with 18 acres planted to 5 different varieties, all tile drained. 34 ft x 25 ft block 2 storey barn. Solid, spotless, 3 bedroom brick bungalow. Attached double car garage. $1,199,800
21+ Acre winery site & vineyard! Just minutes off the wine route & the QEW. 950 Sq ft wine boutique, attached 2910 sq ft warehouse, 6600 sq ft production facility fully functional for grape harvest & wine making. Plus a single family dwelling with finished basement & swimming pool! $1,980,000
SPECIALIZING IN FARMS, AGRICULTURE, GREENHOUSES, ETC.. IN THE NIAGARA REGION!
Greg Howe
gamhowe@sympatico.ca
Sales Representative
6150 Valley Way, Niagara Falls ON L2E 1Y3
905-935-6838
Independently Owned & Operated
905-346-2000
Niagara Brokerage
11246794_0914 5345 SLATER AVE & 5302 STAMFORD ST NIAGARA FALLS $699,000 EXCLUSIVE LISTING
6150 VALLEY WAY, NIAGARA FALLS REDUCED $3,250,000
23,000 sq ft office/medical building known as “Medical Arts Building.” This landmark has undergone extensive interior and exterior renovations. Reduced by $100,000 below appraisal. Fully rented to AAA tenant with Tenants include walk-in clinic, pharmacy, chiropractors, law offices, 5 & 5 year lease in place, tenant pays $60,000. Yearly plus utilities. real estate offices, custom brokers and other medical and business Great investment for investor looking for good ROI. 0914_DJW_0029 uses. Appraisal available. 0914_DJW_0030
Motel/Lodge consisting of 12 refurbished rooms with a main house Managers suite with living quarters, all surrounded by an abundance of flowers and greenery. Great return on Investment. Ideal for family run business. Minutes walk to Falls & Casino’s. I also have 4 more Motels/ Hotels in the Heart of Tourist District with up to 52 rooms and $3.4 0914_DJW_1_0026 Million. All exclusive to me.
79 RIDLEY RD. ST. CATHARINES EXCLUSIVE LISTING
346-348 QUEENSTON RD. HAMILTON EXCLUSIVE LISTING
218 VINE ST. ST. CATHARINES EXCLUSIVE LISTING
Consists of 3 buildings in total, 5 apartments. 4-2 br units and 1-1 br unit. Generating $4000 monthly gross income. 3 commercial bays almost 4000 sq ft in total. Ideal for a contractor who needs an office and living quarters. The remaining tenants will pay 0914_DJW_1_0007 the mortgage. Owner willing to assist with financing. 0914_DJW_1_0008
Newer 4 bay, 8200 sq. ft. mechanic repair shop. Many possibilities, 20 ft ceilings and 16 ft doors, parking up to 20 vehicles. Owner willing to assist with financing.
57 UNIT APARTMENT BUILDINGIN NIAGARA FALLS, IN THE HEART OF THE NEW UNIVERSITY/COLLEGE CAMPUS PROPOSAL, GOOD CONDITION ONLY $87,000. PER UNIT
Queenston Manor retirement home, great return on investment, family owned and licenced, 2 building residences, 10 bedrooms and 4 bedrooms. Must be sold together. Many renovations and upgrades, approved for expansion. 0914_DJW_1_0059
CAN’T SELL YOUR PROPERTY IN NIAGARA, I HAVE INVESTORS WHO WILL BUY ALMOST ANYTHING IF YOU BUY ONE OF THEIR PROPERTIES OF THE SAME VALUE.
Please say you saw it in The Commercial Investor
Niagara Peninsula
4600 QUEEN ST., NIAGARA FALLS REDUCED $449,000 11% CAP RATE
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
11269934_0914
68
What our clients are saying about us
Niagara Peninsula
“Very satisfied with the results! My Mary Street property is under contract - in total there were 16 inquiries (so far) as a result of the ad for this property (I track my calls: ‘Where did you learn about this property?’). Cootes Dr. will hopefully be leased by week’s end. Crystal Beach will be coming off the market for the winter months. The ad was well received by my sellers, 2 of which did not know I advertised their properties but were pleasantly surprised when looking through the Commercial Investor - 1 of which was picked up in a coffee shop. All in all great value for both myself and my clients.” Adam Skibinski Sales Representative
Royal LePage State Realty, Brokerage For information call 1.800.268.0077 Please say you saw it in The Commercial Investor
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
business investor The perfect place to list all of your business opportunities For advertising information contact Doreen Wills Tel: 1-800-268-0077 • 905-570-9283 or Email: doreen.wills@wall2wallmedia.com • thecommercialinvestor@wall2wallmedia.com
Notes: ______________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________ ____________________________________________________________
Please say you saw it in The Commercial Investor
69
70
Commercial Real Estate & Business Opportunities
Volume 14 Issue 02
Frequently Asked questions - PrivAte lending 1. What types of mortgage investing are there at Pro Funds? At Pro Funds Mortgages, we offer two different types of mortgage investment offerings.
i. Individual Lending is an investment opportunity where a single investor is looking for a 1st or 2nd mortgage. These mortgages are usually for residential or investment properties, duplexes, triplexes, or condominiums that are typically purchased as investment properties. The size of the mortgage amount requested is usually $25,000.00 and higher. This type of mortgage will not typically be administered (see below for definition). ii. Project Lending differs as these offerings are usually catered to investment, construction and development projects that are syndicated mortgages. The size of the mortgage amount requested by the borrower is usually in excess of $500,000.00. These investments typically yield a higher return, but are project specific, and will be administered.
2. What is mortgage administration?
Administration is when a FSCO (Financial Services Commission of Ontario) approved company will register the mortgage in trust for the lender, or registered funds, and handles the receipt of all payments. Payments are sent to the lender by the administrator through an automatic deposit to the bank account of choice. Mortgage administration is mainly used for syndicated mortgages, however, if you as a lender would like an Individual mortgage administered, there will be an associated fee. The mortgage administrator for Pro Funds is Valour Mortgage Services Inc. in Trust.
3. What is a syndicated mortgage?
A syndicated mortgage is a mortgage investment made by two or more individuals. Syndicated mortgages are used in investment and development projects. Due to the size of the mortgage amount requested, multiple investors pooling funds together is a much more efficient way to facilitate and fund. Each investor is registered on a charge through an administrator trust in proportion to their committed investment amount.
4. What are the benefits of a syndicated mortgage?
Syndicated mortgages are great if you are looking to diversify your portfolio as you can spread your funds over several projects to mitigate any potential risk. You will also be in a position to invest in the larger higher yielding projects and have a more passive type of investment based on the fact that syndicated mortgages are administered. Lenders are able to choose what investment amount they are comfortable with of the total mortgage being registered. Lenders are also eligible to invest with registered funds such as TSFA, RRSP, RESP, etc. Although some projects may have minimum investments, a benefit of syndicated mortgages is that you as a lender are able to use combination of cash and registered plans to fund one investment.
5. What is the minimum investment for mortgage investing?
Although there is no set minimum investment, the type of mortgage will determine how much we will be looking for. For individual lending, typical minimum investments start around $25,000.00; however there are cases where a lower investment will be acceptable. Cash as well as registered funds are eligible. For Project Lending, the typical minimum investment is $50,000.00 given that these mortgage requests are much larger in scope and the returns are a higher yield. There are also cases however, where we would accept lower investments. Please speak with us if you have inquiries regarding a specific project.
6. What are the typical ROI’s?
Anticipated returns for individual lending typically range from 7-14% annually, depending on if it is a first or second mortgage. Returns for project lending typically range from 10-16% annually.
7. How do I get started?
If you would like to get involved in mortgage lending then your first order of business is to establish how much you are comfortable using towards this type of investment vehicle. It is imperative to make sure the funds are liquid in either cash or your registered funds. If you commit to a mortgage, the individual or company borrowing these funds are relying on these funds for a specific closing date. It is also very important to make sure you are not using your life savings for these investments. You can contact Pro Funds Mortgages, and one of our investor relations specialists would be happy to meet with you or have a telephone discussion with you on specific inquiries. Once you have established an acceptable range you would be comfortable investing, you can contact Pro Funds for current opportunities or sign up to our Private Network. Through this network, contacts are sent exclusive e-mails on our latest investment offerings.
8. How does the rest of the Investment Process Work?
When you find an investment offering you are interested in, you can request further details and specifics on this investment. To proceed, you will then notify a member of the Pro Funds team of your commitment, and the paper work will be drafted. You the lender will receive the paper work and will need to sign the documents and provide identification. The documents will then be sent to the legal team representing you the lender and this specific mortgage. The lawyer will proceed with the closing. Please note that we do make our best efforts to close on the dates specified, however, the dates can be delayed based on the lawyers due diligence and timing. Also consider that if you decide to use registered funds, it will usually take an additional 2-3 weeks longer for the plan to release the funds as opposed to a cash investment. Once the funds are received and the mortgage is closed you will receive either postdated cheques on closing from the borrower, or if you are involved in a syndicated mortgage, the administrator will arrange for a pre authorized deposit to go into the bank account of your choice for your monthly payments.
9. Who pays the legal fees? Business Investor
The borrower will pay for the legal fees to close the mortgage; if this is an individual mortgage the lawyer will be of your choice, however, their fees must be reasonable. If this is a syndicated/project mortgage, one lawyer will be chosen to represent the entire group of lenders. All fees with respect to the closing of the mortgage are the cost of the borrower. When the mortgage is discharged and paid back, the borrower will pay the discharge fee as well. If you are seeking a legal opinion on a mortgage investment, this is not the cost of the borrower. 9649286_0914
Please say you saw it in The Commercial Investor
Volume 14 Issue 02
71
Commercial Real Estate & Business Opportunities
10. Due diligence
Pro Funds will make our very best efforts to deliver all information provided by the borrower to the potential lenders. The protocol for an individual mortgage versus a project mortgage will differ. For an individual mortgage, the request is reviewed by a Pro Funds Mortgages originator. This entails an assessment of credit applications, confirmation of income (if available), and property details (appraisals, income and expenses, leases, insurance, taxes, photos, etc.). This information will be provided to the interested parties for review. If further information is requested by a lender, Pro Funds will make an effort to arrange for all the details requested. Pro Funds will be diligent in assessing each request, but ultimately you are the lender and you will need to make sure you are 100% comfortable with the mortgage investment before proceeding. The due diligence for syndicated project mortgages is based on the specific project and its viability, rather than personal credit and income. These mortgages are analyzed by very seasoned third party experts, appraisers, environmentalists, engineers, planners, developers, builders and lawyers. Pro Funds Mortgages has aligned ourselves with Valour Capital Group,a development company that offers administration services and Mortgage Investment Offerings (MIO’s).A MIO is one comprehensive package on a specific investment offering that consists of all of the third party reports and mortgage details. Once again, you are the lender and you must be 100% comfortable with the mortgage investment before proceeding.
11. How are my payments calculated?
Numbers are based on typical going rates and are subject to change. These are Annual Percentage Rates (APR). Individual Mortgage Example: Mortgage investment=$50,000.00 Agreed interest rate of 12% interest only paid monthly for a 1 year term. $50,0000.00 X 12%= $6000.00 $6000.00/12 months= $500.00 per month interest only payments. At the end of the term the full principal of $50,000.00 is still owed. Typically a lender fee of 2% is due by the borrower to the lender on closing on these mortgages. $50,000.00 X 2%= $1,000.00 (fee paid to the lender) +6,000.00 (total interest payments) = $7,000.00 Total Return (14% over 1 year) + payback of original principal ($50,000.00)
Project Mortgage Example:
Mortgage investment= $50,000.00. Interest rate of 8% interest paid only monthly for a 24 month term. Total return is 16% annually $50,000.00 X 8%= $4000.00 $4000.00/12 months= $333.33 per month interest only payments. These mortgages do have a lender fee bonus paid at the end of the term. With a lender fee of 8%, when your mortgage is discharged (paid back) after the 2 year term, you will receive your principal and lender bonus. 8% lender fee X 2 years= 16% lender fee at the end of the term $50,000.00 X 16%= $8,000.00 + $4,000.00 (annual interest payments) X 2 years= $8,000.00 =$16,000.00 Total Return (32% over 2 years) + payback of original principal ($50,000.00)
12. What are the risks?
Mortgage investments are not guaranteed by the government. There are no 100% guarantees that you will not lose your investment. The mortgage (your money) however, is registered on the property being pledged as security. This means that you have a registered charge on the real estate. The borrower cannot do anything with the asset without consent from the mortgagee. You are not lending to a company that is issuing shares, and you do not own the property, your funds are a mortgage investment that are secured on the real estate. This is beneficial because success of the borrower is NOT contigent on the success of your investment. If there is failure and the borrower goes bankrupt, you have the real estate to sell to realize on your investment. This is considered much more secure than lending to an Exempt Market Dealer (EMD). Finally, when you invest in mortgages it is very important to understand the value of the real estate and what your loan to value really is. This is your security. Location and property type is a very important factor.
If you have RRSP’S TFSA’S, or RESP’S and would like to use them in mortgage lending, you will have to have them in a trust company plan in order to commit to a mortgage investment. The process of transferring these funds may take 2-6 weeks. Pro Funds Mortgages has a relationship with Olympia Trust. They are one of the few left in the industry that will lend to mortgages. Pro Funds would be happy to provide contact information to Olympia Trust.
11242468_0914
Please say you saw it in The Commercial Investor
Business Investor
13. Registered Funds
72
Volume 14 Issue 02
Commercial Real Estate & Business Opportunities
DOORS SALES AND INSTALLATION
WOmAN’S/mEN’S AppAREL RETAILER
The Company sells and installs overhead doors, installing doors for new construction condominium and high-rise rental apartments and distributing equipment and parts. Operating over 30 years - revenues are in the $5.5 M range and earnings in the $400K range.
Operating since 1992 with 12 stores located throughout key centers in Ontario, the business enjoys high margins with private branded products. Revenues are in the $5 million range and earnings in the $600K range.
o
w ity ne tun or pp
l so
NDT pROVIDER
Company provides NDT/NDE training, products, and services. Clients are in power generation, oil and gas, engineering training/consulting, and other service industries. Located 1 hour outside the GTA. Revenues are in the $7.5 M range with earnings averaging in the $500K range.
o
w ity ne tun ENGINEERING or pp
cONSULTING
r de r un ffe o
Company has been operating for 30 years and its software is used by banks, insurance companies, governments, and larger individual pension plan sponsors to administer defined benefit and contribution pension plans. Revenues $2.3 MM range Earnings $750K range.
The Company is engaged in heavy industrial and tool fabrication. Operating over 20 years in the GTA and with 25 highly trained employees, the Company generates revenues of $6 million with earnings in the $2 million range.
W ITY NE TUN R mANUFAcTURER PO
OP
LIFT TRUcKS AND HANDLING EQUIpmENT
mFG. TOpIcAL mEDIcAL pRODUcTS
The company sells, rents and services handling and racking equipment serving the farm and construction industry. Located one hour west of GTA with over 500 accounts, Company generates revenues over $4 million and earnings in the $450K range.
W ITY NE TUN R O PP
HOmE cAREGIVER
Business Investor
Non-medical, in-home care company providing a wide range of services, meal preparation, housekeeping, errand services, grocery shopping, companionship, transportation services, personal care, laundry, respite care, recreational activities, 24-hour care, live-in care, and palliative care. Revenues are $1.2 Million and earnings are in the $225,000 range.
OF AUTO BODY TOOLS & EQUIpmENT
Located in the GTA the Company manufactures tools and equipment for the auto body repair industry. Serving the aftermarket with 85 active customers in the US and 35 in Central and Western Canada, Company has revenues in the $3 million range.
w ity ne tun or pp
Company manufactures niche topical medical products considered Class II medical devices in the US and Class I in Canada. And a range of topical personal care products. Located in the GTA with 8 FT, the business generates $2.5 M in revenues and earnings in the $450K range.
pROVIDER OF pBS AND TpA SERVIcES
cNc mILLING AND TOOL FABRIcATION
INjEcTION mOLD cOmpANY
Operating over 30 years and servicing the automotive industry the company employs 16 ft and generates over $2 million in revenues with earnings in the $350K range. Ownership will remain as needed to transition the business.
o
The Company provides engineering consulting to building services, municipal services, private enterprise, transportation, Crown corporations, bridge design, and geotechnical. It serves multiple cities, counties, and districts in Ontario. Company employs 114 FT and generates revenues in the $13.5 M range.
d
r de un ffer o
O
EQUIpmENT & DIES mFG.
Operating since 1993 and located one hour outside the GTA - the Company specializes in the design and manufacturing of stamping dies and special purpose equipment. Revenues are in the $7 million range and earnings in the $2 million range.
“Selling Your Business is our Business” 416-780-0009 or 1-866-490-9991 Please say you saw it in The Commercial Investor
8157086_0914
H
A
M
I
L
T
O
N 8148414_0914
Mazhar Roshan Sales Representative
905.929.9800 905.318.3800 647.609.9463
Direct 24 Hr. Pager
BROKERAGE
GTA Direct
mazharroshan@sympatico.ca
WA N T E D
2-3 BAY AUTO GARAGE
GAS STATION
PLAZAS
LAND FOR SALE 4913_DJW_1_0034
HAMILTON MOUNTAIN 0914_DJW_0060
INVESTMENT PROPERTY ASKING $159,900
I have qualified buyers. Will purchase with or without property
4913_DJW_2_0064
I have qualified buyers. Will buy with property.
I have qualified buyers. Up to 5 mil.
9 lots sold only 3 left
RETAIL STONEY CREEK MOUNTAIN
BUSINESS FOR SALE BURLINGTON $89,900
GREAT BURLINGTON LOCATION $114,900
Located in highly growing neighbourhood on Stoney Creek Mountain next to new Walmart & Financial Institutes, in a plaza with 3310 sq ft retail space available (can be divided). Other tenants include drive thru Tim Hortons, Esso Gas Station, Avondale, Gino Pizza & many more. TMI is estimated 10.00 PSF, immediate possession avail.
4913_DJW_2_0066
Excellent investment opportunity for builder or your own home. Attractively priced bldg lots in prime Niagara area. Mins to QEW, Niagara Falls & US border. Nice country setting with munic water & n/gas avail. 12 lots to choose from, 1 with 4 acre parcel. Buyer responsible for costs, availability of permits, levies & dev charges.
4913_DJW_1_0003
Very busy and desirable location on Hamilton Mountain. Money making, long established sandwich and sub shop doing over 5000 per week in sales, owners absentees operation, good for family operation or hands on entrepreneur, reasonable rent and long lease, please do not go direct, call LBO.
4913_DJW_2_0024
House with finished basement. Separate entrances. Basement has 1 bedroom with kitchen. Upstairs is totally finished with 3 bedrooms, living & dining room, and kitchen. Good for large family or investment opportunity. Property has 2 separate meters. Close to Ottawa Street.
price reduced
Location, Location, Location! Long established variety store, doing 25K sales per month + lottery + more, need prudent enterpreneur, great for family run operation, long lease reasonable rent, call LBO for more information.
FOR LEASE BRANTFORD
price reduced
Restaurant/Bar/Poolhall business, runs on short hours MondaySaturday, 15,000 sq ft facilitiy with very reasonable rent and long lease, hands-on entrepreneur needed, lots of potential, showings after 2 pm.
Retail commercial space in strip plaza. Anchored by Tim Hortons. Close to 403 exit and rapidly growing commercial sector. Suitable for many kinds of retail, commercial or office uses, TMI for 2012 is $5.00 per square foot, call LBO for more information and showings.
4913_DJW_1_0019
4913_DJW_1_0018
4913_DJW_1_6668
BUSINESS FOR SALE
Long established mattress manufacturing business for sale, owner retiring. Lucrative opportunity for business enterpreneur, easy operation, money maker. Seller will provide full training and establish list, for more details call.
MONEY MAKING FRANCHISE BUSINESS Net income over $150,000 per year. Better than a convenience or grocery store. Reasonable rent and long lease. For details call Mazhar Roshan. (Principals only please) 13G COM
legallyspeaking
Rental Applications -
When can Landlords retain deposits? By Jayson Schwarz and Konstantine Chatzidimos
I
f you are reading this article you may currently own or may be considering acquiring a residential investment property. Ownership of such properties typically involves the vetting of prospective tenancy candidates via a rental application process followed by the negotiation of a formal lease. This article discusses a recent decision of the Ontario Court of Appeal which explored the meaning of the term ‘rent deposit’. The court’s decision may surprise you.
Musilla v. Avcan Management Inc. In this case Sarah Musilla filled out a rental application form for a one-year tenancy and provided it to the landlord along with the required deposit cheque equivalent to one month’s rent. Six weeks before the tenancy was to have commenced, she backed out of the agreement and refused to sign the lease as contemplated in the rental application. She never took possession of the property. Ms. Musilla then sued to get her deposit back. This would seem like an easy one for the Landlord but not so. At the Landlord and Tenant Board (the “Board”) and the Ontario Divisional Court Ms. Musilla relied on subsection 107(1) of the Residential Tenancies Act
14G COM
(“RTA”) which states that a landlord “…shall repay the amount received as a rent deposit in respect of a rental unit if vacant possession of the unit is not given to the prospective tenant.” Ms. Musilla argued that she was entitled to a refund because she had not taken possession of the unit – regardless of the reason why. The Board and Divisional Court disagreed and held that tenants cannot unilaterally terminate tenancies prior to taking possession and then claim the deposit back. It makes sense for the Landlord to keep the deposit ... Well, not for Ms. Musilla who appealed to the Ontario Court of Appeal. The Court considered whether the deposit provided by Ms. Musilla actually represented a “security deposit”. The Court reasoned that the rental application signed by Ms. Musilla was not a lease; this was confirmed by the wording on the very application form which contemplated that an accepted prospective tenant would execute a formal lease prior to moving in. Moreover, the RTA states that payment of last month’s rent is the only circumstance where a landlord can retain a “security deposit”. As such, the deposit provided by Ms. Musilla with her rental application did not constitute a “security deposit” as there was no tenancy established at that point given no lease was signed. The result in this case was that Avcan Management Inc. was not authorized under the RTA to keep Ms. Musilla’s money for her failure to enter into the lease. Conclusion Rental application forms such as the one considered in this case are commonly used by landlords as a way of vetting potential tenants; deposit cheques are typically provided with such applications. As you can appreciate, the Court’s recent decision in this matter has potential to create problems vis-à-vis this established practice. Deposits are required so as to establish that prospective tenants are serious in applying to rent a unit as well as to incentivize landlords into holding the desired units. It will be interesting to see how this decision affects matters going forward. If you are a prospective residential landlord, it may not be a bad idea to have your rental application form reviewed by a lawyer experienced in this field as it seems that the Court’s decision applies only to situations where it is unclear whether a deposit may be returned if a lease is not entered into. Perhaps the most difficult part of writing these articles relates not to the actual writing, but thinking of a topic to address. Please mail, deliver or fax letters to the magazine or to us, use the web site (www.schwarzlaw.ca), email (kchatz@schwarzlaw.ca), or phone us at 888-609-8888 and give us your questions, concerns, critiques and quandaries. We will try to deal with them in print or electronic form.
Jayson Schwarz LL.M is a Toronto business lawyer and senior partner in the law firm Schwarz Law LLP. Konstantine Chatzidimos is a Toronto business lawyer and associate in the firm.
Commercial, Real Estate & Business Opportunities 10228647_0914
Bill Bradley Sales Representative
416.258.6866
EXIT REALTY YOUR WAY
Brokerage | Independently Owned & Operated Unit 2, 1240 Speers Rd., Oakville ON 905.815.9900
exitwithbill@gmail.com
HOME BEING BUILT TO LOOK SOMETHING LIKE THIS 0914_DJW_1_0069
A spectacular luxury, elegant, executive custom built home is being built in West Oakville on a large 95’ x 180’ lot. Approx. 6 bedrms (2 master bdrm), 6 fireplace, walk out lower level to a huge pool with wall of windows looking out to a beautiful garden. Approx 7000 sq ft including the lower level. If you would like to buy it before it is finished to get some of your own ideas involved in the completion of the home and property, please call Bill Brandley at 416 258 6866.
FOR SALE 0914_DJW_2_0087
0914_DJW_2_0059
PRINTING BUSINESS
Have your own printing business with all the equipment and clientele.
ONLY $59,900
602 MAIN ST. IN THE TOWN OF DUNNVILLE, ON 2 stores plus a shop.
$399,900
BOTH PROPERTIES FOR SALE 0914_DJW_2_0088
If you are interested in Buying a Retirement Home? 602 & 606 MAIN ST. W., DUNNVILLE, ON Buy both #602 & # 606 they are beside each other and extend from Main St. to the Grand River.
$599,800
please email Bill Bradley for prices that range from $1,000,000 to $15,000,000
I had 2 Strip Plazas for sale and I sold both to the same buyer. If you are interested in owning a Strip Plaza, Please Call Bill Bradley I will be able to show you a few. 15G COM
16G
COM
9853283_0914
Commercial ProPerties Properties CommerCial Business Opportunities Business oPPortunities CommerCial ProPerties Franchise Openings && more! more! FranChise oPenings Business oPPortunities FranChise oPenings & more! 11271020_0914
$5.00/sf (Net), Renewable at $5.50/sf 5-Year I n v (Net) e s tonm e nTerms; t &$1.95/sf F o rTMIL(Estimated) ease
A GOOD INVESTMENT FOR THE RIGHT PERSON M
Ave, Mike K. 40 Holtby Close Proximity 7. to WITH 410, 407, 401 THELarge RIGHT BUSINESS • Woodbine/Hwy Residential. lot - 102 ft x 165 ft. 100 % renovated. Brampton Individually Metered Hydro and Gas Nanavati $1,100,000 People constantly and admire Wide-open Bays stop in Industrial Sections this commercial building in the heart of Owen 7
ain
nS t
Rd
Qu
lin
ee
gh
io or nt ra Hu
St
3713_DJW_0093
Brokerage V i s i t w w w. B o u t i n M a n a g e m e n t . c o m f oBroker r m o r eofd eRecord tails 9865505_3713
IN DU S S FO PAC TRIA R L ES L EA SE
d
4913_DJW_0085
au
R ga au
A Wilfred McIntee & U Co. Ltd., Brokerage 105 Garafraxa St. N. C Durham, ON N0G 1R0 TRoyal LePage 519.369.2128 Your Community Realty, 11255951_3713 IBrokerage Independently Owned and Operated O Glen G. Reay N ALES REPRESENTATIVE Paul SManion 11232567_0514
cL
Email:
mnanavati@sympatico.ca $265,000
iss
416-730-8484
• • • •
iss
Tel:
Sound. Ideally located, high anchored, traffic area, 1,125 close to within Oshawa. Corner Plaza,inBank sf municipal - 2,000 sf.parking Greatand Location. walking distance of the river. Very well maintained with 7 treatment rooms, reception Radiant Heating in ces, Warehouse Suit Fast foods, offi Hair Cut, Spa. area, Entire waiting roomUpgraded and much more. Ideal set up for professional offices, alternative Building Shopping Plaza. AAA Tenants therapies your business. Meets code. Expose your business 407 in Owen Sound to MLS # or W2679382 (Area 30,080 sf - 26’fire Clear) MLSaccess, #East. W2671167 (Area and 15,583 sf - Apartments 30’ Clear) success, quality Competitively priced $265,000. Toronto Condo THSlocation. & MLS # W2679423 (Area 15,292 sf - 30’ Clear) 401 # W2679437 (Area 18,797 sf - 27’ Clear) InnisfiMLS l. 50 Acres and 130 Acres land Call Victor Boutin at 416.258.8830 Bowmanville. Subdivision “DPA” Adele Kirby 519.376.6500 ViKirby c to r @ B Real o u t i n M aEstate n a g e m e n t. C oAdele m M
Brokerage
•
M
Wind Star Realty Limited
Bo
av air dD r
St
Broker of Record
410
Email: adele.kirby@rogers.com
POWER OF SALE
A • Commercial Building on Main St.IN SW ONTARIOU INVESTMENT OPPORTUNITY • Former Hardware/Gift Store with upper apartment. COMMERCIAL BUILDINGC $595,000 $1,095,000 • $3,950,000 10,100 Sq. Ft. T IN HANOVER 2 1/2 yr old building in Hanover industrial park. I 333 Main St., Mattawa. This building is approx. 7100 sq. ft. with main th O floor at foyer, showroom, Onsite Auction: Thursday March 27 12pm noon boardroom, offices, storage & workshop. Lower level has overhead N Details & pictures at: www.gardnerauctions.com doors, storage & utility. Natural gas heat, Town of Durham - Junction of Hwys #6 & #4 55 miles N of Guelph, 50 miles NW of Orangeville, 65 miles NE of Kitchener
0514_DJW_0005
0514_DJW_0006
11261677_0914
200 amp, 600 volt hydro 3 phase, step down “ACTION BY AUCTION SINCE 1922” GARDNER AUCTIONS transformer. #12-102. Ask for Glen 2 Storey Office/Residential. Neighbourhood PlazaINC. 905.731.2000 Original owners. 5 127,000 9 . 6 8SF 5.2929
Sales Representative CELL: 519.369.4113
3713_DJW_1_0048
glen.reay@mcintee.ca • www.glenreay.ca
•
www.mcintee.ca
ENTREPRENEURS, DEVELOPERS AND OPPORTUNISTS!! EXCLUSIVE $699,900
CORPORATE & EVENT EQUIPMENT RENTALS, TURNKEY BUSINESS FOR SALE $1,775,000 Brokerage Independently Owned & Operated
Here’s anfor opportunity to pick up the marbles and run! FULLY APPROVED Designated
BE YOUR OWN BOSS & MAKE 32 UNIT IN CITY LAKEFRONT CONDO DEVELOPMENT SITE Offi“SHOVEL-READY” ce MONEY! centre gateway to all inventory, stock & fixtures available for start up. FOR SALE. The business is a turnkey operation with This bought byclients a group& of past NHL players for $3.2 M. Then another $800,000 Computer system & software Brampton. toOriginally track inventory, business. Strong growth is ainspecial policy architectural, and sales material (allPotential of which isto included)! potential. Includes the purchase of legal, an industrial unitmarketing of over 4700 square feet. area withispossible There even a sales site! They of the units immediately but run as a family business. Excellent opportunity andpavilion lifestyleonchange forsold the40% right individual. related retail and failed to Register with and everything camein to the a screaming halt, deposits Well established party rental company in aTario growing community GTA. The commerciallocated uses returned, to tent bankruptcy. business provides special event equipment rentals to golf courses, weddings, accessory to leading officeand Many unique features like “build atFOR 25’ from the shore” (100’ today) 8 corporations, trade shows, anddevelopment. social events. CALLRare TODAY MORE DETAILS Last 2 acre parcel. Corner property onapproved Hwy 10.
$2.3 MILLIONremaining boat docks (0 today). Minutes parcel
3713_DJW_5000 0514_DJW_1_0080
Exit Realty Hare (Peel)
3713_DJW_5001 0914_DJW_1_0020
11278694_3713 11277268_0514 11277946_0914
Email:
north of Brampton. Town water and gas.
4913_DJW_1_4000 Eugene Stephen in this corner. Build OR yourdevelop dream your homeown or explore other possibilities. LISTED ATJust $2.3 MILLION dream/Family Estate 905.471.2121 Charles Hanes, Broker, Realty John Procenko Aris Diamandas reducedStomp significantly. Great opportunityfor foradevelopment. Commercial propertycontact: on adjacent corner. Dignum Dignum comprehensive Offering Memorandum Broker Sales647-694-9280 Representative I 416-366-3033 (Office) 1.800.362.0893 (Direct) 647-694-9280 I 416-366-3033 (Office) Charles Hanes, (Direct) Sales Representative Broker
john@procenko.com
1.866.297.3948
www.procenko.com
I
www.eugenedignum.com aris@procenko.com Leading Edge Realty Inc. Brokerage
Be Seen in the limelight! Highlight your hot, new and unique listings. Feature 2 properties and your agent photo in a full colour quarter page ad.
Reserve your space today! 416-784-5060. the THE CommerCial COMMERCIAL inVestor: INVESTOR: sPotlight SPOTLIGHT 18G COM
CommerCial CommerCial ProPerties Business oPPortunities oPPortunities FranChise oPenings more! Commercial ProPerties Properties •• Business Opportunities •• FranChise FranchiseoPenings Openings&& more! 17G 17G COM COM
Commercial Properties Business Opportunities Franchise Openings & more!
vE
0914_dJw_0009
Burloak real estate services - Brokerage independently Owned & Operated brOkerage
sales representative
williamjoelh@gmail.com
0914_dJw_0010
SI
U CL Ex
CORA - BREAKFAST AND LUNCH
HIGH TRAFFIC RETAIL SPACE
For Sale Golden Horseshoe location.
For leaSe Burlington ON. - 2 Units
High traffic loyal clientele. Established in 2009.
office: 905-335-3042 | cell: 289-442-0561
11284163_0914
0914_DJW_0084
FOR SALE PETER MULLINS, Broker of Record
Peter Mullins Realty, Brokerage 888.878.0004 petermullinsrealty@gmail.com
11284426_0914
2,000 sq. ft. end cap. $20.00/sq. ft. 2,775 sq. ft. retail/warehouse $12.00/sq. ft.
DEVELOPMENT OPPORTUNITY 0.90 ACRE SITE 619 Dundas * 629 Dundas * 620 Dundas* Located in Old East Village in London ON, For more information or to view this assembly of properties Please Call. Asking $1,650,000
Ontario’s First Magazine Dedicated to Industrial, Commercial and Investment Real Estate
for advertising call
doreen wills 905.570.9283 • 1.800.268.0077 doreen.Wills@wall2wallmedia.com
THE COMMERCIAL INVESTOR: SPOTLIGHT 18G COM
Commercial Properties • Business Opportunities • Franchise Openings & more!
Commercial ProPerties Properties CommerCial Business Opportunities Business oPPortunities CommerCial ProPerties Franchise Openings && more! more! FranChise oPenings Business oPPortunities FranChise oPenings & more! 0914_DJW_0091
0914_DJW_0090
$5.00/sf (Net), Renewable at $5.50/sf (Net) on 5-Year Terms; $1.95/sf TMI (Estimated) BRANTFORD ALSO A GOOD INVESTMENT FOR THE RIGHT PERSON AVAILABLE LISTINGS 40 Holtby Ave, Close Proximity to 410, 407, 401 M
WITH THE RIGHT BUSINESS 7
ain
av air dD r
St
(University/Downtown Area)Brampton
410
3 Buildings Investment/
Bo
Individually Metered Hydro and Gas Development: $3.5MM People constantly and admire Wide-open Bays stop in Industrial Sections this commercial building in the heart of Owen Bar/Grill with Sound. Ideally located, in high traffic area, close to municipal parking andBuilding: within $349K Great Location walking distance of the river. Very well maintained with 7 treatment rooms, reception Radiant Heating in WarehouseBrown Dog Cafe, Brantford $379K Auto Garage Available 449K Building Only @ 10% Capand ratemuch more. Royalty Free/Growing area, Entire waiting room Ideal set up forSales professional offices, alternative Building Upgraded therapies or your business. Meets fire code. Expose your business in Owen Sound to MLS # W2679382 (Area 30,080 sf - 26’ Clear) 407 sona@investsellbuy.com InvestSellBuy.com Direct: 647.281.5581 SALES REPRESENTATIVE Panchisuccess, MLSaccess, # W2671167 (Area 15,583 sf - 30’ Clear) quality and location. Competitively priced $265,000. M
au
nS t
cL
Rd
Qu
lin
ee
gh
io or nt ra Hu
d
Office: 905.507.5177
St
R ga au
iss
iss
MLS # W2679423 (Area 15,292 sf - 30’ Clear) MLS # W2679437 (Area 18,797 sf - 27’ Clear)
3713_DJW_0093
401
IN DU S S FO PAC TRIA R L ES L EA SE
M
Sona
Call Victor Boutin at 416.258.8830
30 Eglinton Ave., W. Suite C128 Mississauga,519.376.6500 ON L5K 3E7 AdeleViKirby Kirby c to r @ B Real o u t i n M aEstate n a g e m e n t. C oAdele m
Ltd., BROKERAGE Brokerage
$265,000
V i s i t w w w. B o u t i n M a n a g e m e n t . c o m f oBroker r m o r eofd eRecord tails
9865505_3713
11232567_0514
22 Line 14 South Town • Oro of Durham - Junction Hwys #6 &64 #4Front St • Orillia 4337 Burnside Ln • of Severn 55 miles N of Guelph, 50 miles NW of Orangeville, 65 miles NE of Kitchener
Wilfred McIntee & Co. Ltd., Brokerage 105 Garafraxa St. N. Durham, ON N0G 1R0
INVESTMENT OPPORTUNITY IN SW ONTARIO
$595,000
Royal LePage 519.369.2128 Your Community Realty, FRI
SManion ALES REPRESENTATIVE Paul (W) 705-325-1373
$539,000 27,000
Plaza
$1,200,000
3713_DJW_1_0048
CORPORATE & EVENT EQUIPMENT RENTALS, TURNKEY EXCLUSIVE BUSINESS FOR SALE $1,775,000 $699,900 $1,775,000 Brokerage Brokerage
Independently Owned Owned && Operated Operated Independently
Eugene Stephen Eugene Stephen John Procenko Dignum Dignum Dignum Dignum Broker Sales Representative Sales Representative
Broker Broker
john@procenko.com
Designated for for Designated
BE YOUR OWN BOSS & MAKE Office ce MONEY! centre Offi centre gateway to to gateway The business is a turnkey operation with all inventory, stock & fixtures available for start up. Brampton. This This Computer system & software Brampton. to track clients & past business. Strong growth specialinventory, policy isis aa special policy potential. Includes the purchase of an industrial area with with possible possible unit of over 4700 square feet. Potential to area run as a family business. Excellent opportunity related retail and and and lifestyle change for the right individual. related retail Well established party rental company in a growing community in the GTA. The commerciallocated uses commercial uses accessory to offi office ceand tent rentals to golf courses, weddings, business provides special event equipment accessory to development. LastCALLRare 2.24 Acres approx. Corner lot.property On Brampton/Caledon corporations, trade shows, anddevelopment. social events. TODAY FOR MORE DETAILS Last 2 acre parcel. Corner on Hwy 10. remaining parcel parcel remaining
0914_DJW_8001 3713_DJW_5000 0514_DJW_1_0080
Exit Realty Realty Hare Hare (Peel) (Peel) Exit
3713_DJW_5001
11278694_3713 11277268_0514 11277268_0914
Highway 11 just outside of Orillia, Commercial building on overpass for North/South access. 1.9 Acres, 4,900 sqft, shop + office. Excellent Exposure! Neighbourhood
2 1/2 yr old building in Hanover industrial park. This building is approx. 7100 sq. ft. with main floor foyer, showroom, boardroom, offices, Orillia Commercial Plaza near Orillia landmark restaurant est 40 storage & workshop. Lower level has overhead indoor mall. 14 units, with a mix years. Downtown, corner location near doors, storage & utility. Natural gas heat, of professional tenants, Lake. Adjacent to large chain drug amp, 600 volt hydro 3 phase, step down 0514_DJW_0005 0514_DJW_0006 some long200 term. store and large chain grocery store. transformer. #12-102. 72 Ask seats.for 2ndGlen floor room for apt.
2 Storey Office/Residential. Original owners. $749,000 SF glen.reay@mcintee.ca • www.glenreay.ca • www.mcintee.ca
9www.remaxorillia.com 05.731.2000 Email:
11284423_0914
Independently Owned and Operated
Donald Stoutt Glen G. Reay
COMMERCIAL BUILDING $1,095,000 IN HANOVER
$3,950,000
11255951_3713 Brokerage
Sales Representative CELL: 519.369.4113 (C) 705-323-7200
11284544_0914 Email: adele.kirby@rogers.com
border. Close development. Minutes northtooffuture Brampton. Town Great water investment and gas.
property. with 5-level home with 2 kitchens, in this this corner. corner. Just Just in Build yourComes dream home or b/split explore other possibilities. 905.471.2121 3+2 beds, 3-4property pc baths.on Call for further details. reduced significantly. cantly. Great Great opportunity opportunity for for development. development. Aris Diamandas reduced signifi Commercial adjacent corner. Sales Representative 1.800.362.0893
4913_DJW_1_4000 4913_DJW_1_4000
1.866.297.3948 I www.eugenedignum.com aris@procenko.com Leading Edge Realty Inc. Brokerage
www.procenko.com
Be Seen in the limelight! Highlight your hot, new and unique listings. Feature 2 properties and your agent photo in a full colour quarter page ad.
Reserve your space today! 416-784-5060. the THE CommerCial COMMERCIAL inVestor: INVESTOR: sPotlight SPOTLIGHT 18G COM
CommerCial CommerCial ProPerties Business oPPortunities oPPortunities FranChise oPenings more! Commercial ProPerties Properties •• Business Opportunities •• FranChise FranchiseoPenings Openings&& more! 19G 17G COM COM
trebreport
GTA commercial REALTORS report latest commercial market figures
T
oronto Real Estate Board Commercial Network Members reported 427,926 square feet of leased industrial, commercial/retail and office space on a per square foot net basis through the TorontoMLS system in January 2014 (for properties where pricing was disclosed). This result was virtually unchanged compared to 428,513 square feet of space leased in January 2013.
The amount of industrial space leased was up by almost 11 per cent on a year-over-year basis to 356,440 and accounted for 83 per cent of total leased space. The average industrial
lease rate was similar to last year, with an average $5.21 per square foot net in January 2014 compared to $5.31 per square foot net a year earlier. Average lease rates were down for the commercial/retail and office segments of the market. These declines were largely due to a year-over-year change in the mix of office and commercial properties sold. “The industrial segment of the market is important in the context of the southern Ontario economy, including the manufacturing sector. If we continue to see an increase in leased industrial space this year, this could indicate that industrial firms are anticipating an increase in demand for their products and therefore are looking to take on more space to help accommodate increased production,” said Commercial Committee Chair Cynthia Lai. There were 42 combined industrial, commercial/retail and office sales in January 2014, for which pricing was disclosed. This result was in line with 43 transactions in January 2013. The year-over-year change in average selling prices was mixed on a per square foot basis. The average selling price for industrial properties was much higher this past January compared to 2013, because this year’s transactions involved smaller properties compared to last year.. Smaller properties tend to sell for more on a per square foot net basis. Commercial/retail pricing was basically unchanged compared to January 2013 and office pricing was down by about nine per cent year-over-year. “The consensus view is that the Canadian economy is expected to grow at a faster pace in 2014 compared to 2013. The increased rate of growth should be driven by an improvement in exports, due to a strengthening US economy and weaker Canadian dollar vis-à-vis the US. This should bode well for the commercial real estate market, and in particular the industrial sector,” added Ms. Lai.
January 2014: Per Square Foot Net Commercial Leasing Summary Lease Transactions Completed on a Per Square Foot Net Basis with Pricing Disclosed on Toronto MLS
January 2014: Commercial Sales Completed with Pricing Disclosed on TorontoMLS
Leased Sq. Ft. (Price Disclosed, Per Sq.Ft. Net)
Sales (Price Disclosed)
Jan 2014
Jan 2013
% Change
Apr. 2012
Apr. 2011
% Change
Industrial
356,440
321,682
10.8%
Industrial
16
22
-27.3%
Commercial
33,023
61,648
-46.4%
Commercial
21
15
40.0%
Office
38,463
45,183
-14.9%
Office
5
6
-16.7%
Total
427,926
428,513
-0.1%
Total
42
43
-2.3%
Avg. Lease Rate
20G COM
Avg. Sale Price Per Sq. Ft. (Pricing Disclosed)
Jan. 2014
Jan. 2013
% Change
Apr. 2012
Apr. 2011
% Change
Industrial
$5.21
$5.31
-1.9%
Industrial
$135.84
$74.53
82.3%
Commercial
$15.90
$17.05
-6.8%
Commercial
$250.43
$252.81
-0.9%
Office
$10.31
$14.47
-28.7%
Commercial
$296.88
$325.25
-8.7%
Terrace On Danforth
BUY OR LEASE YOUR OWN CONDO OFFICE OR RETAIL UNIT
Royal Gardens | Richmond Hill Completed
Conceptual Rendering
World On Yonge | Thornhill
Metro Place Shops | North York
Completed
Conceptual Rendering
Centro Square | Vaughan Conceptual Rendering
Love where you shop! Liberty Development gives you the freedom to choose your new business location. From wonderful Metro Place Shops on the Downsview Subway line, to Terrace on Danforth in the Upper Beach, to Royal Gardens Shops on the new VIVA line in Richmond Hill. Contact us today for remaining available retail units you can Lease or Buy! 2009, 2011 & 2013 BILD PINNACLE AWARD WINNER
START YOUR BUSINESS TODAY!
LoveWhereYouShop.ca 905-731-8687 x276
All illustrations are artist’s concept only. © 2014 Liberty Development Corporation. All rights reserved. Brokers Protected.
11284514_0914 2014-02-24 9:44 AM
LIBC 32605 Comm Investor HP_final.indd 1
Paul Manion Sa les Representative
Royal LePage Your Community Realty,
9 05. 731. 2000
Brokerage
Independently Owned and Operated 11284353_0914
Investment Opportunity Outside of the GTA
$650,000 4800 Sq ft Plaza On busy throughfare Vendor to hold first mortgage Call for details 0914_DJW_8000
$3,950,000 Neighbourhood Plaza Recently Updated 27,000 SF
0914_DJW_1_0005
$1,095,000 2 Storey Office/Residential. 4000 sq ft of professional offices. Fully occupied plus 7 apts 4-2 bdrms & 3-1 bdrms. All with balconies. Original owners. 0914_DJW_1_0006 21G COM
Mortgage Investment $100,000
Investment Example Principal: $100,000 8% Interest Paid Monthly
Year 1
Year 2
Year 3
Total
$8,000
$8,000
$8,000
$24,000
$24,000 $24,000
8% Lenders Fee Total Interest & Lender Fee
$8,000
$8,000
$32,000 $48,000
Total Return
$48,000
Annual Return (%)
16%
16% Annual Return Total Return over 3-year Term
48%
Take advantage of this wonderful opportunity for an adult lifestyle development on the shores of Lake Huron! 11278058_0914
Our mortgage investments are secured on real estate & and are FIXED returns. · 33 Acres of Prime Land by Lake Huron
· $2,000,000 Total Capital Offering
· 127 Beautiful Homes Planned
· $50,000 Minimum Investment
· Close to over a dozen Golf Courses
· 16% Annual Return for 3 Year Term*
· Access to Public Beaches & Shoreline
· 8% Annual Interest Paid Monthly
· Highly Respected & Successful Developers
· Lender Bonus of 8% Per Year (Paid End of Term)
· Inspired Seaside Housing Designs
· RRSP Eligible
Mortgages #12051
1.888.330.3866 • www.profunds.ca
Pro Funds Mortgages • info@profunds.ca • 3390 South Service Rd. Suite #201, Burlington ON, L7N 3J5
DISCLOSURE: This is not an offer to sell securities. Licensed mortgage agents/brokers and independent legal advice is required to close all transactions. All mortgages are closed through Verico Pro Funds Mortgages Inc. (Financial Services Commission of Ontario – FSCO Mortgage Brokerage License No. 12051). * Bonus calculated to achieve 16% annual return. Market conditions may vary.
22G COM
Turn-Key Toronto East Development
UXBRIDGE LAND
Mixed Use Development - $4,888,000
• Turn-key 37,867 total square foot development opportunity • Mixed use development • Density 3.39 times site area • 142 Approved residential units • 6124 square feet of retail •C urrent tenant: Free cash flow Of approx $220,000 •E xcellent transportation options: DVP, Eglinton, Victoria Park Ave. ++
c ex
Established professional medical building w/longterm medical service providers ie: pharmacy, radiology lab+++Prime main subway stop! $8.00/ sq. ft. net. Several months free rent. Call George Politis for details 416-554-7653.
BUSINESS OPPORTUNITY
RESTAURANT - STEELES/KEELE
principals Only - $8,800,000
e
us
ive
•R etail Plaza with Major Bank as Anchor Tenant! •P rime East Toronto Location, Major Intersection! • Over 18,000 Sq Ft! • Two Buildings! • Over 1.5 Acres in Prime Area! • Development Potential! • Parking for Over 60 Cars! • 9 Total Units!
sive
Approx 48 beautiful acres!!! Prime road exposure across from Main St. Stouffville. Includes all buildings on property. Tons of potential! $1,434,800
toronto east retail plaza l xc
lu
ex
cl
u
sive
Opportunity to own your own business! Owner retiring after 30 years! Top quality marble manufacturing & renovations! Condominium & custom home builders contracts++ $100,000+ in machinery & contracts included in price! New owner will be trained! $350,000 - George Politis 416-5547653 & Peter Glezakos 416-606-7882
EXCELLENT MARKHAM INVESTMENT LEASE - DANFORTH - MEDICAL SPACE LEASE - KINGSTON RD - RETAIL SPACE
e
l xc
us
LEASE - MAIN ST. - MEDICAL SPACE
Own your own restaurant! Established over 20 years! Turnkey operation, 65 seats, LLBo license, and all chattels. Great location with heavy traffic, businesses & officeses. Open 6 days/wk, 7:00 am-7:00pm. $150,000 - insales! $79,900 Stock, Call Peter 416-606-7882
PLAZA - MISSISSAUGA
ive
1 acre+ of PRIME Markham land! 16th Ave/Markham Rd. Potential redevelopment site!! Ravine property! Industrial & townhomes area! $488,000
Turn-key dental office at Danforth/Victoria Park! Two chairs and 60K in leaseholds at no cost to new tenant! $12 Net - Call George 416-554-7653
1,750 Sq Ft of PRIME Kingston Rd retail space w/ excellent Kingston Rd exposure! Includes 1,750 sq ft basement! Major Warden/Kingston Rd intersection! Excellent terms & 6 months FREE rent! $10.85/Sq Ft. - Call George 416-554-7653
plazas! plazas! plazas!
We Have Buyers And Sellers. Please Call For Details. Principals Only
11276415_0914
23G COM
Pro Funds Mortgages This Spring, make a SPLASH with your Private Investments! Let Pro Funds help.
Backed by over 25 years of experience RECENT TESTIMONIAL: “I am hoping that Pro Funds will continue to offer new mortgage investment opportunities in the coming months. As part of my asset diversification strategy, I have earmarked new capital for mortgage investments in 2014. After meeting you last year, I feel very confident lending through Pro Funds. Moreover, the experience with the last three mortgage investment closings with Pro Funds was simply Excellent! From the exchange of MIO, disclosures & syndication paperwork to the draft review and final legal documentation & registration of mortgage, and finally depositing the monthly interest into the bank account; all are executed seamlessly!”
Private Lending Info Session Join us on March 27th 2014 from 7-9 pm at the Sheraton Toronto Airport Hotel •Providing expert knowledge on investing in mortgages (secured on real estate) •Learn how to earn 10-16% annually with your RRSP’s and cash RSVP BY PHONE, WEBSITE OR EMAIL AS SEATING IS ALWAYS LIMITED. 9741130_0914
Call for the best rates & service today! Mortgages #12051
Visit us Online for Great Content!
1.888.330.3866 www.profunds.ca
Pro Funds Mortgages • info@profunds.ca • 3390 South Service Rd. Suite #201, Burlington ON L7N 3J5