Feb 28 - Mar 28, 2015, Volume 15 Issue 02
INCORPORATING FRANCHISE AND BUSINESS OPPORTUNITIES Full Coverage Area Including Windsor, Hamilton, Toronto, Niagara Falls, Kingston and Ottawa! THE PERFECT FAMILY BUSINESS
17-PLEX - FERGUS, ONTARIO - $1,550,000
18 Hole Golf Course and Driving Range as well. Just north of Barrie, Ontario on the north side of Hwy 11, Turnkey operation. Established 28 years on 92.96 acres. Includes a 3 bedroom brick house, lic’d Clubhouse - outbuildings - Equipment (no rentals). Course and buildings in pristine condition. Well managed. Asking $2.5M. Then call for details.
17-Suite, 2 ½ storey, white brick apartment building with Mansard roof. 7 - One Bedroom Suites and 10 - Two-Bedroom Suites, featuring controlled entry, balconies, gas baseboard hot-water heating. Building being offered for the first time by Owners. Asking $1,550,000 Exclusive Listing. For marketing brochure, call: Winston Davies, Broker of Record, WinCorp Realty Inc., Real Estate Brokerage, 45 Keats Crescent, Guelph, Ontario N1G 3B1
Donna J. Smith, Broker
RE/MAX Orillia Realty (1996) Ltd. Brokerage, 705-325-1373
donnajsmith@remaxorillia.com Direct: 705-330-1289
1314_DJW_0081
• 155,585 sq.ft. Clean space • Divisble to 62,040 sq.ft. • Rail Spur and fenced yard • 26 ft clear height For more Information please Contact Bill Dejong, Broker of Record Coldwell Banker Integrity Real Estate Inc., Brokerage
Tel: (289) 291-5068 Email: wdejong@cbci.ca 0915_DJW_0049
• Amazing opportunity for Builders/Developers. • Be in the middle of the action • Plans for 6 boutique style, high end condo development. • Ground floor common area or Condo Commercial. • Walking distance to all amenities, James Street. • ONLY ONE OF A KIND
DON'T WAIT OR DELAY call 416-873-1347 or joecher@realgroup.com 4514_DJW_0105
Get The Commercial Investor delivered directly to your door! See inside for details
FC_0915 (COM)
DEVELOPMENT SITE IN HEART OF GORE PARK HAMILTON
SALE OR LEASE
FREE SUBSCRIPTION!
Tel: 519-836-2080 – Fax: 519-836-2081 Email: wjmdavies@rogers.com 3314_DJW_0082
• Lo • Ten an • 79
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11294993_0915
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SOUTHWESTERN ONTARIO INVESTMENT TEAM
SOUTHWESTERN ONTARIO INVESTMENT TEAM INVESTMENT OPPORTUNITIES Investment Opportunities Grocery-Anchored Plaza
27,644 sq. ft. Retail Plaza
Cambridge, ON
• 2.38 acre site at signalized intersection • Located in southwest London on prime artery • Asking $6,250,000
Martin Cote* 519 340 2317 martin.cote@cbre.com
Jack Cox** 519 286 2007 jack.cox@cbre.com
Joe Benninger* CCIM 519 340 2323 joe.benninger@cbre.com
• 9.01 Acres • C10-6 (Community Centre Commercial) Zoning • Asking $5,500,000 ($610,432/acre)
• • • •
Martin Cote* 519 340 2317 martin.cote@cbre.com
Tim Schnurr* 519 286 2018 tim.schnurr@cbre.com
Southwold, ON
• Fully leased industrial facility • Strong tenant on long term lease • High exposure site with excess land Mitchell Blaine* 519 340 2309 mitchell.blaine@cbre.com
1160 Brydges Street
London, ON
Brantford, ON
32 Acre Potential Development Land
Barry Poley* 519 286 2015 barry.poley@cbre.com
Hamilton, ON
Ground Floor Commercial Condo
Retail Development Land Opportunity
Joe Benninger* CCIM 519 340 2323 joe.benninger@cbre.com
Sale Leaseback Opportunity
London, ON
• Located at one of Cambridge’s busiest intersection • Tenants include: FreshCo., Dollarama, Starbucks, and others • 79,371 sq. ft. on 9.8 acres
Built in 2012 - low maintenance investment Condo fees included in additional rent NOI - $153,231 Asking $2,500,000
Free Standing Industrial Building London, ON
11284449_0915
London, ON
• • • •
19,205 sq. ft.; 11,211 sq. ft. occupied by Fed Ex Lease in place until 2018 Scheduled Income: $115,786 per annum Reduced Price: $800,000
Kevin MacDougall** 519 286 2013 kevin.macdougall@cbre.com
Retail-Office-Residential Investment London, ON
• Flat site, currently under crop production • Fronting onto Ford Road & Hwy 3 • Reduced Price $1,200,000
• Approximately 5,875 sq. ft. total • 0.8 acres • Reduced Price $420,000
• 15,915 sq. ft. on 0.45 acres • Located in west London on prime artery • Reduced Price $2,199,000
David Yanoshita* David Cousins* 519 286 2020 519 286 2006 david.yanoshita@cbre.com david.cousins@cbre.com
David Yanoshita* 519 286 2020 david.yanoshita@cbre.com
Jack Cox** 519 286 2007 jack.cox@cbre.com
London 380 Wellington Street, Suite 30 N6A 5B5 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
3G
COM
11266917_0915
4G
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LONDON
TORONTO 23 . R.O 4% .I.
NT ! S CE RE ADE GR UP
• Asking $2,875,000
• 19 x One Bedrooms
• Asking $79,861 per Suite • Many Recent Upgrades Including Roof, Parking, Common Area Hallways, Unit Renovations • Professionally Managed Property • Located in North End of
17 x Two Bedrooms • Individually metered Tenants Pay Own Hydro • Outdoor Surface Parking • Upside Potential on Rents • 6.0% CAP Rate
London, Close to
• 23.4% R.O.I.
University of Western
• Treat Financing as
Ontario
Clear
• Asking: $2,400,000 $1,950,000 • High demand Annex area immediately next door to Subway Station & close to Bloor Street West • First property is a 19 unit licensed, upper scale rental accommodation • Second property is a more conventional investment property with 3 apartments + 3 rooms with shared common areas on top floor
TU PR RNK OP EY ER TY
• Asking $1,299,000 • Asking $86,600 per suite • Building situated immediately outside downtown area in a beautiful natural setting • Superintendent on-site • Currently fully occupied • Tenants pay own Hydro individually metered
• 14 x Two Bedrooms 1 x Three Bedrooms • Well water is routinely tested & maintained • Property subject to registered easement • 6.4% CAP Rate • 17.6% R.O.I. • Treat financing as Clear • Call Dani Pizzoferrato for further details
15 SUITES
• 6 x Bachelor
• Asking $5,800,000 • Asking $71,605 per Suite • Historic School House Converted to Apartments in the 1990’s • Professionally Managed Property
43 x One Bedrooms 29 x Two Bedrooms 3 x Three Bedrooms • Well Maintained and Landscaped Property
• Thermal Windows • Building Experiences Very Little Vacancy
• 6.0% CAP Rate • 19.9% R.O.I. • Treat Financing as Clear
2 CENTRAL T.O. BLDGS
81 SUITES
LONDON
COLLINGWOOD
HALIBURTON M
• 22 x Bachelors • 1 x One Bedroom • 2 x Two Bedrooms • Seller prefers to sell both properties as a package. (Speak to L/A. Seller may consider sale of individual property) • Call Listing Brokerage office for income & expenses • Treat As Clear • Properties are listed as Heritage buildings
T AS REA CL T EA R
LL D WE AINE T N I MA
• Ample Surface Parking
36 SUITES
E W LO NANC TE N I A
PELHAM (NIAGARA) 2S PR EVE OP R ER ED TIE S
INA AD R SP LOO &B
ta
ain
ll M We
d ine
F Lo inish we r L ed ev els
• Asking $2,425,000 • 12 x Two Bedrooms • Asking $134,722 per Suite 6 x Three Bedrooms • Tenants pay Heat/Hydro • Each Townhome has • 3 Bedroom Units have own High-Efficiency Full Bath + 2 Powder Furnace & Hot Water Rooms Tank • 2 Bedroom Units have • Newer Shingled Roofs Full Bath + 1 Powder Room • Each Townhome has Wood Burning Fireplace and Finished Lower Level with Walk-out to Private Patio
• Clean, Quiet Property
including the Commercial unit. • Located Along Main
6 x 1 Bedrooms 1 x 2 Bedrooms 1 x Commercial Unit • 7.2% CAP
Commercial Strip
• Near New Shoppers Drug • 17.0% R.O.I. Mart & Other AAA Retailers
18 TOWNHOUSES
• 1 x Bachelor
• Asking $88,778 per Suite
• 4.6% CAP Rate • Treat Financing as Clear
6P
• Asking $799,000
• Units Show Nicely • 12.6% R.O.I.
DU LE PLEX X+ CO + MM
T EN LL CE ION EX CAT LO
• Treat as Clear
• Tenants Pay All Utilities • Good Redevelopment Site
• VTB Small Second Available
10 SUITES 8172756_0915
5G
COM
BROKERAGE
11294931_0915
0915_DJW_0038
0915_DJW_0037
PRIME HAMILTON LOCATION
$1,200,000 Close to downtown, public transit, and hwy access. Over 5500 sqft in two double story heated and air conditioned buildings that have been completely renovated in the last 8 years. Main building features 3080 sqft with large bright offices, board room, open space, kitchen and washrooms. Second building features 2485 sqft of finished space and an at grade loading door, all on a large city lot with ample parking. Showing by appointment only. Call today for details. Current business relocating. Office:
Bernard Nieuwenhuis Sales Representative
Direct: Email: Company Website: Website:
247 CENTENNIAL PARKWAY N., HAMILTON
For Lease - 4150 sq.ft. from $7.50 per sq.ft. Close to QEW, Red Hill Parkway & major bus routes. 4514_DJW_3_0028
905 522 3300 905 981 2872 nieuwenhuis@judymarsales.com www.judymarsales.com www.bernardnieuwenhuis.com
Š1988
8 MAIN ST. E., HAMILTON
Available Immediately. Downtown office space from 489 sq.ft. - 892 sq.ft. 0515_DJW_1_0029
E-mail:
info@desantis.com
www.desantis.com 6G
COM
8148088_0915
905-777-0252 ext 304
11232571_0915
69 Townhouses in North Oshawa
! D OL
S
SOLD FOR
$7,500,000!
This 69 unit townhouse complex is located in one of the most desirable areas in the City of Oshawa and sits on approximately four acres. Primarily consists of 3 bedroom units which are relatively well maintained with a good tenant profile. Mainly a family oriented complex. Rents are low in comparison to similar properties in the area. The brand new 407 ETR highway extension is being completed for the end of 2015. Rio Can REIT has also begun the development of Windfields Farm which is a 1,500,000 sq ft. retail site located at Simcoe St. North and 407 ETR. Both developments are located less than ten minutes from the subject property. Oshawa is growing at an aggressive pace and boasts one of the lowest vacancy rates in the province. Rents continue to climb at a progressive rate allowing for solid investment opportunities. An excellent rental market whether you’re buying your first rental property or your tenth. Oshawa is a highly sought after market by investors nationwide. If you’re thinking about selling your apartment building today, I encourage you to call me. m This transaction is only one of many I have sold in Durham region over the last two years. We can get together to discuss your property and potential sale options available for you. Remember, don’t just list your property…. SELL IT! Go with a name that produces results!
Dani Pizzoferrato
Sales Representative
#419-220 Duncan Mill Rd Toronto, ON M3B 3J5 Tel: (416) 444-6545 Fax: (416) 444-6997 dani@skyviewrealty.com
We don’t just list Apartment Buildings... WE SELL THEM! 7G
COM
SOUTHWESTERN ONTARIO INVESTMENT TEAM
SOUTHWESTERN ONTARIO INVESTMENT TEAM INVESTMENT OPPORTUNITIES Investment Opportunities Urban Mixed Use Conversion
Mixed Use Neighbourhood Plaza
Guelph, ON
• • • •
Marquee corner in downtown Guelph Fully leased ground floor Elevator, modern HVAC/electrical Asking $3,300,000
Martin Cote* 519 340 2317 martin.cote@cbre.com
Joe Benninger* CCIM 519 340 2323 joe.benninger@cbre.com
CS5 - Local Shopping Centre zone class 21,023 sq. ft. ground floor retail and office 24 Residential suites on second floor Asking $4,250,000
Martin Cote* 519 340 2317 martin.cote@cbre.com
Waterloo, ON
Simcoe, ON
Martin Cote* 519 340 2317 martin.cote@cbre.com
Joe Benninger* CCIM 519 340 2323 joe.benninger@cbre.com
Owner/User Opportunity London, ON
• • • •
GLA: 20,031 sq. ft. Tenant: Future Shop Lease Expiry: September 2023 Asking Price: $5,000,000
Long Term Investment Opportunity Kitchener, ON
• Two tenant industrial opportunity • Strong redevelopment potential • 8.1% Cap Rate
• Fully leased large industrial facility • Ideally suited for redevelopment
Mitchell Blaine* 519 340 2309 mitchell.blaine@cbre.com
Mitchell Blaine* 519 340 2309 mitchell.blaine@cbre.com
Banwood Square | 3335 Banwell Rd. Windsor, ON
• High end office space with park-like setting • Zoning permits medical/dental, clinics, general offices and warehousing • Asking $2,400,000
• • • •
David Cousins* 519 286 2006 david.cousins@cbre.com
Brook Handysides* 519 946 3030 brook.handysides@cbre.com
London 380 Wellington Street, Suite 30 N6A 5B5 T 519 673 6444 F 519 673 6948
Timmins, ON
Joe Benninger* CCIM Brook Handysides* 519 340 2323 519 946 3030 joe.benninger@cbre.com brook.handysides@cbre.com
High Profile Industrial Investment
Residential Development Opportunity
• 4.74 acres • Approved to permit a 49 unit townhouse complex or 63 unit apartment complex • Asking $1,100,000
Single-Tenant, Carefree Net Lease
Cambridge , ON
• • • •
11276500_0915
Six (6) unit neighbourhood shopping plaza 14,515 sq. ft. on approx. 1.72 acres Projected 2015 NOI: $264,464 Asking $3,150,000
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
431 Richmond Street London, ON
• 29,957 sq. ft. total area; 23,057 sq. ft. occupied • Tenants include Robertson Hall Insurance & Shoppers Drug Mart • Asking $10,000,000 Tim Schnurr* 519 286 2018 tim.schnurr@cbre.com
* 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
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8155064_0915
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9G
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11294896_0915
Fruitland Crossing PR
IM
ES
Fletcher Square
PA C
E
• Located at the corner of Fruitland Road and Barton Street in Stoney Creek • Gateway to pending residential development in lower Stoney Creek / Winona • High exposure as a result of direct access to QEW via Fruitland Road • Anchored by Tim Hortons, Esso & medical clinic • Flexible unit sizes from 1,053 to 5,800 sq ft • Newly built modern plaza with prestigious design and ample parking • Tenant use protected by landlord • Corner unit fronting on Barton Street currently available
Hazhir Zandi COMMERCIAL LEASING MANAGER
Cell: Office Tel: Office Fax: Email:
• Located at the corner of Rymal Road East and Fletcher Road on Hamilton mountain • Gateway to expanding residential development on Hamilton mountain • High exposure as a result of nearby access to the Red Hill and the Linc • Anchored by medical clinic and 5,000 sq ft daycare • Flexible unit sizes from 1,226 to 5,322 sq ft • Newly built modern plaza with prestigious design and ample parking • Tenant use protected by landlord • Corner unit available with possibility of patio
(905) 570-4449 (905) 664-2623 (905) 662-8401 hazhir@multi-area.com
v
*Brokers Protected
EXCLUSIVE RETAIL/PROFESSIONAL OFFICES LEASING OPPORTUNITY
Specializing in Commercial and Industrial Non-Bank and Bank Financing Miles Markovic AGENT # M09002839
Susan Kocsis AGENT # M10001847
miles@candocapital.com
susan@candocapital.com
1-888-999-1874
Eligible Transactions:
Loan to Value:
• Acquisition financing • Refinancing
Up to 75% of purchase price or appraised value
COM
• Construction financing • Bridge loan
Loan Size:
Property Types:
$250,000 – $100,000,000
• commercial buildings • hotels and motels • new residential condominium construction • retirement and nursing home facilities • development lands • apartment buildings • automotive dealerships • industrial buildings • golf courses • recreational resort properties
• plazas and shopping centers • cinemas • churches and temples • parking lots • multi-family residential • private schools • subdivision servicing • builder inventory loans • condominium conversion projects • storage facilities
Independently operated under Centum Fundsource Financial
10G
1-888-988-7742
Call now even with: • Mortgage and Property tax arrears • Power of Sale • CRA arrears • Second Mortgages • Private Mortgages • Bad Credit Mortgages • Consumer Proposal • Credit Card debt • Renovation loans
www.candocapital.com
K
Volume 15 Issue 02
1
Commercial Real Estate & Business Opportunities
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
INDEX Kitchener, Waterloo & Guelph
READ BY over 100,000 Business Readers! distributed in over 1,700 locations! Owen huge coverage area - Windsor to Ottawa! Sound
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61
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Commercial Real Estate & Business Opportunities
Volume 15 Issue 02
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
Special Features 08 IN THE NEWS — Economic outlook positions Ontario as one of the growth leaders 14 BUSINESS SAVVY — Is your small business vulnerable to fraud? 22 IN THE NEWS — Small business weighs in on federal budget 28 BUSINESS SAVVY — Safety is your business 32 MONEY SENSE — Wait out market fluctuations 36 BUSINESS SAVVY — How to start a new business 44 BUSINESS SAVVY — A CGA can help your small business 52 MONEY SENSE — EY’s 2015 banking outlook: Time to redefine the core of a bank 56 MONEY SENSE — Should you flip that house?
p. 14
GLOSSY SECTION EDITORIAL 14G INVESTOR ADVICE — How to spot a successful condo investment opportunity By Andrew la Fleur 16G LEGALLY SPEAKING — More than what you bargained for Inheriting tenants with a commercial property By Jayson Schwarz
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Volume 15 Issue 02
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Commercial Real Estate & Business Opportunities
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Commercial Real Estate & Business Opportunities
Volume 15 Issue 02
KITCHENER, WATERLOO & GUELPH
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
KITCHENER, WATERLOO & GUELPH SECTION COVERING: Cambridge Durham Elora
Fergus Guelph Kitchener Waterloo
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Volume 15 Issue 02
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Commercial Real Estate & Business Opportunities
Grand Valley Realty
BROKERAGE INDEPENDENTLY OWNED AND OPERATED
Kitchener/Waterloo Guelph & Cambridge
Royal LePage
519-745-7000
Unit 15C, 370 Highland Road West, Kitchener, ON N2M 5J9
Mike Milovick B.B.A., CCIM, Sales Representative
mike@teammilovick.com
fax: 519-489-1333
www.TeamMilovick.com
Invest in Ontario’s Number 1 Town Today!
Subscribe: Latest KWC Real Estate News: www.FaceBook.com/TeamMilovick 346 KING STREET NORTH, WATERLOO
1,995,000
$
0915_DJW_0011
• Conditional Site Plan Approvals in Place for Four Storey, Fourteen Unit, Student Residence. • Plans provide for 68 Luxurious Bedrooms with Ensuites. • Ideal Location, easily accessible to Wilfrid Laurier University and University of Waterloo studens. • Few Shovel Opportunities Exist in Lucrative High end Student Housing Market Segment. • MLS®
52 NOECKER STREET, WATERLOO
960,000
$
• $72,000+ Gross Income • Licensed Triplex • 13 Rental bedrooms
899,900
$
• Newer purpose built • Leased to May, 2015 • Exclusive
0515_DJW_0088
465 HAZEL STREET, WATERLOO
• Spacious bedrooms, two car garage for landlord or tenant storage. 0515_DJW_1_0004 • MLS®
699,900
0915_DJW_0079
$
399,900
$
• Newer Furnaces, Roof • Close to WLU, Future LRT 0515_DJW_0092 • MLS®
395,000
$
0515_DJW_0086
• $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 Cash Flow • MLS®
0515_DJW_0093
305-30 HICKORY STREET WEST, WATERLOO
9-12 BRIDGEPORT ROAD EAST, WATERLOO • Four bedroom turn key rental • Unique, authentic uber cool loft • Quick walk to WLU • 97 Walk Score • MLS® $
0515_DJW_0091
0915_DJW_0077
$ • Rental Licensed, Ten Bedroom (5+5) Duplex • Steps to Wilfrid Laurier University
• Duplex Approval Pending • Rare, Super Clean Opportunity • Easy bike ride to both Universities • Exceptional! AAA • Exclusive
497,500
• Rental Lincensed four plex • Oversized MR zoned lot • MLS®
336 KING STREET, WATERLOO
• Nearly $5000 Monthly Income • Rental licensed duplex • Fully leased
• Zoned high density, MR-25 • MLS® 0915_DJW_0078
158 ERB STREET WEST, WATERLOO
399,900
$
• 5+1 Bedroom Property • Close to two future LRT stations • Rental Licensed, City Approved • MLS® • MR4 Zoning 0515_DJW_0084
17-12 BRIDGEPORT ROAD EAST, WATERLOO
144 ERB STREET WEST, WATERLOO
14 YOUNG STREET WEST, WATERLOO
259,900
• 72,000 + Gross Annual Income • 5.7% Cap Rate
223 DEARBORN BOULEVARD, WATERLOO
516,000
• $36,000+ Gross Income • Fourplex • Licenses Pending
• Two Units Purpose Built • MR-25 Zoning • MLS® 0515_DJW_0087
699,900
• $61,200 Gross Annual Income • $9,200+ Annual Cash Flow with Just 20% Down
$
• $48,000+ Annual Gross Income Available! • 9 student city-approved, rental licensed property
950,000
$
32 HICKORY STREET WEST, WATERLOO
$
• $79,000+ Gross • Potential Income • 15 students
392 ERB STREET WEST, WATERLOO
310 KING STREET NORTH, WATERLOO
317,900
$
• $32,000+ Scheduled Gross! • Spacious Unit • Authentic Loft
• 100% Student Complex • 5 Bedroom Rental • License • MLS® 0515_DJW_0030
1305 VICTORIA STREET NORTH, KITCHENER
199,900
$
• $16,000 + Gross Annual • Steps to WLU Income • Turn Key, entry level • Rental Licensed Exempt opportunity Building • MLS® 0515_DJW_2_0008
• Open space with fantastic natural light • Currently has mix of show room, private
Please say you saw it in The Commercial Investor
office and warehouse space with drive in door $5.00 PSF 0915_DJW_0013
8302191_0915
e 02
6
Commercial Real Estate & Business Opportunities
Volume 15 Issue 02
Kitchener/Waterloo Guelph & Cambridge
COLDWELL BANKER COMMERCIAL COLDWELL BANKER COMMERCIAL PETER BENNINGER REALTY, BROKERAGE 508 RIVERBEND DRIVE, KITCHENER, ON. 508 RIVERBEND DRIVE, KITCHENER, ON. Phone: 519‐743‐5211 Phone: 519‐743‐5211
e: commercial@coldwellbankerpbr.com www.coldwellbankerpbr.com/commercial e: commercial@coldwellbankerpbr.com www.coldwellbankerpbr.com/commercial 920 SF Divisible· $1,999/ Mth·MLS:1337773
2,306 SF · $5.50/SF · MLS: 1511731 COLDWELL BANKER COMMERCIAL
OFFICE/RETAIL FOR LEASE
OFFICE/RETAIL FOR LEASE
920 SF Divisible· $1,999/ 2,306 SF ·· $5.50/SF · MLS: 1511731 Kitchener Very central location, Finished Waterloo · Impressive, 2ndMth·MLS:1337773 floor office in well PETER BENNINGER REALTY, BROKERAGE office w/ 2·w/r’s. door, 17’ clear Kitchener Very Large centralGarage location, Finished known building. Abundance of natural light. Waterloo · Impressive, 2nd floor office in well 1,485 SF- 2,056 SF · $16.00/SF · MLS: . Large GarageJohn ceilingw/ in 2shop office w/r’s. door,Hoffman* 17’ clear 24/7 electronic reader board.ofFree parking with 508 RIVERBEND DRIVE, KITCHENER, ON. known building. Abundance natural light. 1432155/163/162 · Waterloo ·Located 1,485 SF- 2,056 SF · $16.00/SF · MLS:at the in shop . John Hoffman* manyelectronic amenitiesreader nearby. Very Free accessible, 9,360 SF· $6.50/SF· MLS:1431568 · Kitchener 24/7 board. parkingHwy with ceiling Phone: 519‐743‐5211 entrance to the new Carriage ·Located Crossingat upscale 1432155/163/162 · Waterloo the 85 & iXpress seconds away. Colin Vogel* 16 Dock doors, 21’ clear span shop. Great for many amenities nearby. Very accessible, Hwy community. Zoning allows for many uses includ9,360volume SF· $6.50/SF· · Kitchener high trucking MLS:1431568 business. Large land for entrance to the new Carriage Crossing upscale 85 & iXpress seconds away. Colin Vogel* truck ing retail, business, medical office and more. 1,058 SF· $1,000/Mth· MLS:1444266 ·Kitchener e: commercial@coldwellbankerpbr.com . Great for 16 Dock clear www.coldwellbankerpbr.com/commercial anddoors, trailer21’ avail. @span extrashop expense. 7,699 community. for many uses patio includGreat space for professional, medical or office. ! Only 3 units Zoning left! Endallows Cap unit w/finished sf shop & 1,661 SF office. John land Hoffman* high volume trucking business. Large for 920 SFSF· Divisible· Mth·MLS:1337773 2,306 SF · $5.50/SF · MLS: 1511731 OFFICE/RETAIL FOR Ample parking on$1,999/ King.MLS:1444266 Gary Boudreau* ing business, office LEASE and more. retail, 1,058 $1,000/Mth· ·Kitchener truck and trailer avail. @ extra expense. 7,699 John medical Hoffman*/Gary Boudreau* RESIDENTIAL/WAREHOUSE CONDO Kitchener · Very central location, Finished Waterloo · Impressive, 2nd floor office or in office. well unit w/finished patio! Great space for professional, medical Only 3 units left! End Cap sf shop & ·1,661 SF office. John· Kitchener Hoffman* 2,358 MLS:1447307 2,786 SF · $32.00/SF Net · MLS:1444530 2,050 SF · $16.00/SF · MLS: 1424242 office SF w/ 2 $379,000· w/r’s. Large Garage door, 17’ clear known building.on Abundance of Gary natural light. Ample parking King. Boudreau* John Boudreau* Waterloo · High profile location in Waterloo’s Live/Work opportunity! Legal 1,160 sf residential 1,485 SF-·2,056 SF Hoffman*/Gary ·retail $16.00/SF · MLS: Brantford End cap unit. Drive-up . John Hoffman* ceiling in shop RESIDENTIAL/WAREHOUSE CONDO 24/7 electronic reader board. Free parking with parking. HWY exposure. Lester Tobin* 2,786 1432155/163/162 · Waterloo ·Located at the University TwoNet level retail unit withHwy onSF ·district. $32.00/SF · MLS:1444530 many amenities nearby. Very accessible, site&parking situated ataway. base of ainstudent 85 iXpress seconds Colin Vogel* Waterloo · High profile location Waterloo’s apartment building. Lester Tobin* University district. Two level retail unit with oning retail, business, medical office and more. 1,058 SF· $1,000/Mth· MLS:1444266 ·Kitchener &Conestoga Pkwy.I-6 Zoning. Gary Boudreau* site parking situated at base of a student forSF professional, or office. Only 3SF units left! End Cap w/finished 4,200 · $10.50/SF Net unit · MLS: 1418072patio! Great 1,500 space - 10,759 · $26.00/SFmedical Net Ample parking on King. Gary Boudreau* apartment building. Lester Tobin* John Hoffman*/Gary Boudreau* 1,049 SF · Busy · $19.95/SF · MLS: Waterloo location, close1447244 to U of W, W.L.U MLS: 1512116 · Kitchener · New retail plaza on Kitchener · Last unit! Drive-up retail/office unit corner of Fischer Hallman and Seabrook Dr. 2,786 SF · $32.00/SF Net · MLS:1444530 2,050 SF · $16.00/SF · MLS: 1424242 & Conestoga Pkwy.I-6 Zoning. Gary Boudreau* located in ·newly developed community, - 10,759 · $26.00/SF Net High-exposure high traffic. Ample on-site Brantford End cap retail unit. Drive-up minutes 1,500 Waterloo · HighSF profile location in Waterloo’s from Hwy # 401 and Conestoga College. parking. exposure. Lester Tobin* University drive-up parking. Lester Tobin* 1512116 · Kitchener New retail plaza 1,049 SFHWY · $19.95/SF · MLS: 1447244 district. Two level· retail unit with on-on Lester Tobin* MLS: Kitchener Last unit! Drive-up retail/office site parking situated at baseand of aSeabrook student Dr. corner Fischer - Hallman 4,200 SF ·· $10.50/SF Net · MLS: 1418072 unit 874 SFof· $1,300/Mth· MLS 1514546 · Port Elgin 1,153 SF -newly 3,853developed SF · $24.00 - $30.00/SF located in· Busy community, minutes apartment building. Tobin* traffic.Located Ample Lester on-site Waterloo location, close to U of W, W.L.U High-exposure High traffic retailhigh location. across from MLS:Hwy 1437 from # 13/614/608/599/602/595/607/605 401 and Conestoga College. drive-up parking. Lester Tobin* Tim Horton’s at signalized intersection. & Conestoga Pkwy.I-6 Gary Boudreau* Kitchener · New spaceZoning. at Sportsworld Crossing. Lester Tobin* 1,500 - 10,759 SF · $26.00/SF Net Join existing retail & restaurant traffic draw. James Boudreau**/Gary Boudreau* MLS:SF 1512116 · Kitchener New retail plaza on 1,049 SF · $19.95/SF · MLS: 1447244 · $1,300/Mth· MLS ·1514546 · Port Elgin Lester Boudreau* 874 1,153 SF - 3,853 SF · Tobin*/ $24.00 -Gary $30.00/SF Kitchener · Last unit! Drive-up retail/office unit corner of Fischer - Hallman and Seabrook Dr. High traffic retail location. Located across from MLS: 13/614/608/599/602/595/607/605 2,598 1437 SF $11.00/SF Net · MLS: 1511580 OFFICE/RETAIL FORon-site SALE located in ·newly developed community, minutes High-exposure traffic. intersection. Ample Tim Horton’s athigh signalized Kitchener ·· New space at Sportsworld Crossing. from Hwy # 401 and Conestoga College. Kitchener High traffic; 44,914 Vehicles daily. drive-up parking. Lester Tobin* Join existing John retail &Hoffman*/ restaurantGary traffic draw. Lester Tobin* James Boudreau**/Gary Boudreau* C 6 Zoning. Boudreau* Lester Tobin*/ Gary Boudreau* RETAIL REDEVELOPMENT SITE 874 SF ·OR $1,300/Mth· MLS 1514546 · Port Elgin 1,153 SF - 3,853 SF · $24.00 - $30.00/SF 1,586 SF · 0.12 · $979,000 traffic retailAcres location. Located across from 4,900 1437 SF··$19.00/SF· MLS:1437522· Kitchener High MLS: 13/614/608/599/602/595/607/605 2,598 SF $11.00/SF Net · MLS: 1511580 MLS:1421708, 1421709 · Kitchener · Unique OFFICE/RETAIL FOR SALE Tim Horton’s at signalized intersection. Open webbed ceiling. renovated, very Kitchener · New spaceNewly at Sportsworld Crossing. Profile Location. Corner Lot. Located Kitchener · building. High traffic; 44,914 Vehicles daily. interesting parking spaces onsite. High Join existing retail &24 restaurant traffic draw. James Boudreau**/Gary Boudreau* beside farmers market. Great Re-development CAM’s only $5! JohnBoudreau* Hoffman* Lester Tobin*/ Gary C 6 Zoning. John Hoffman*/ site. Lester Tobin* RETAIL OR REDEVELOPMENT SITE 5,200 $12.00/SFNet · MLS:1441235 2,598 SF SF ·· $11.00/SF · MLS: 1511580 OFFICE/RETAIL FOR SALE RESIDENTIAL/WAREHOUSE CONDO 1,586 SF · 0.12 Acres · $979,000 4,900 SF· $19.00/SF· MLS:1437522· Kitchener Cambridge· High · Fullytraffic; finished office/retail space Kitchener 44,914 Vehicles daily.w/ MLS:1421708, SF· $379,000· MLS: 1447307·· Kitchener 2,358 1421709 · Kitchener Unique Open webbedJohn ceiling. Newly very high exposure. Minutes from renovated, hwy# On-site Live/Work Legal 1,160 sf C 6 Zoning. Hoffman*/ Gary401. Boudreau* High Profileopportunity! Location. Corner Lot. Located interesting building. 24 divided. parking spaces onsite. residential sf warehouse &183 sf office RETAIL OR1,015 REDEVELOPMENT SITE parking. Space can be Lester Tobin* beside farmers market. Great Re-development condo.SF · 0.12 Acres · $979,000Lester Tobin* CAM’s only $5! John Hoffman* 1,586 4,900 SF· $19.00/SF· MLS:1437522· Kitchener site. Lester Tobin* MLS:1421708, 1421709 · Kitchener · Unique 736 SF · $75.00/SF 1444506 · Waterloo Open webbed ceiling.· MLS: Newly renovated, very 5,200 SF · $12.00/SF · MLS:1441235 High Profile Location. Corner Lot. Located Last Unit! Indoor mall unitsspaces on twoonsite. levels in RESIDENTIAL/WAREHOUSE CONDO INDUSTRIAL/WAREHOUSE interesting building. 24style parking FOR beside farmers market. Great Re-development Cambridge Fully finished office/retail space CAM’s only $5! John Hoffman* SF· $379,000· MLS: 1447307· Kitchener the heart of ·Waterloo’s University District w/ w/ 2,358 SALE/LEASE Lester site. Tobin* high exposure.toMinutes from hwy# residential 401. On-site Live/Work opportunity! Legal 1,160 sf direct landlord’s student 5,200 access SF · $12.00/SF · MLS:1441235 RESIDENTIAL/WAREHOUSE residential 1,015 sf warehouse CONDO &183 sf office tenants 2,000). pedestrian & traffic parking.(over Space canfinished beHigh divided. Lester Tobin* Cambridge · Fully office/retail space w/ 10,688 SF $379,000· · $6.75/SF·MLS: EXCLUSIVE Waterloo 2,358 SF· 1447307·· Kitchener Tobin* location. Lester Tobin* condo.Location. Exposure to KingLester high exposure. Minutes from hwy# 401. On-site Great Live/Work opportunity! Legal 1,160St.sfN. Across 736 SF · $75.00/SF · MLS: 1444506 · Waterloo from Conestoga Mall. John Hoffman* parking. Space can be divided. Lester Tobin* residential 1,015 sf warehouse &183 sf office 915 SF · $12.00/SF 1514008· Stratford LesterFOR Tobin* Last Unit! Indoor mall· MLS: style units on two levels in condo. INDUSTRIAL/WAREHOUSE Last unit!· of Located near downtown core and 736heart SF $75.00/SF · MLS: 1444506 · Waterloo the Waterloo’s University District w/ new 3,931 SF · $3.00/SF · MLS:1414196 · Kitchener SALE/LEASE University. Great mall exposure. Ample on-site drivestorage or distribution at a low cost. FOR Extra Last Unit! Indoor stylestudent units onresidential two levels in Dry INDUSTRIAL/WAREHOUSE direct access to landlord’s up yard space available. John Hoffman* theparking. heart of Waterloo’s University Lester District Tobin* w/ tenants (over 2,000). High pedestrian & traffic location. Lester Tobin* ** Broker
915 SF · $12.00/SF · MLS: 1514008· Stratford Last unit!· $12.00/SF Located near downtown coreStratford and new 915 SF · MLS: 1514008· Last unit! Located near downtown anddrivenew University. Great exposure. Amplecore on-site University. on-siteTobin* driveup parking.Great exposure. AmpleLester up parking.
* Sales Representa�ve * Sales Representa�ve ** Broker ** Broker
8331512_0915
Lester Tobin*
bldg. Suitable forSF small manufacturing or sf shop & 1,661 office. John Hoffman* serviceSF commercial Easy access to 2,400 · $5.50/SFbusiness. · MLS:1431886 RESIDENTIAL/WAREHOUSE CONDO Guelph, K-W & Cambridge. R. Blake Hull* Kitchener space in 5 unit industrial . 2,358 SF ·Excellent $379,000· MLS:1447307 · Kitchener bldg. Suitable for small manufacturing or Live/Work opportunity! Legal 1,160 sf residential INDUSTRIAL PROPERTY FOR SALE & LEASE 1,015 warehouse &183 sf office service commercial business. Easy·condo. access to 28,000sfSF · 2,400 SF Mezzanine 3.09 Acres Lester Guelph, K-W & Cambridge. R. BlakeTobin* Hull* $1,895,000·$4.50/SF Net MLS: 1434971,
1511326 · Cambridge · Zoned M3 – dynamic 2,400 Heavy SF · $5.50/SF · MLS:1431886 INDUSTRIAL PROPERTY SALE LEASE uses. power. Was a FOR federal food&grade Kitchener space in 5 unit . facility. John Hoffman* 28,000 SFExcellent · 2,400 SF Mezzanine ·industrial 3.09 Acres bldg. Suitable for small manufacturing or $1,895,000·$4.50/SF Net MLS: 1434971, serviceSF· commercial business. Easy access to 5,040 · MLS: 1437535· 1511326 · $810,000 Cambridge · Zoned M3 – Waterloo dynamic Guelph, K-W & Cambridge. R. Blake .60 Ac. Site under utilized w/ existing 5040 Hull* sf
uses. Heavy power. Was a federal food grade bldg. Many uses with I-6 Zoning including 100% INDUSTRIAL PROPERTY FORJohn SALEHoffman* & LEASE facility. John Hoffman* office. 28,000 SF · 2,400 SF Mezzanine · 3.09 Acres $1,895,000·$4.50/SF Net 1434971, 5,040 MLS:MLS: 1437535· 4,375 SF· SF· $810,000 $5.25/SF ·· MLS: 1512108 · Waterloo Kitchener · Cambridge · Zoned M3 – 5040 dynamic 1511326Site .60 under utilized w/ existing VeryAc. clean unit. Well located @ Manitou & sf uses. Heavy power. Was a federal food grade Bleams. Newly showroom, bldg. Many usespainted, with I-6nice Zoning includingloading 100% facility. John Hoffman* dock door. John Hoffman* Hoffman* office. John
SF· $810,000 · MLS: 1437535· Waterloo 5,040
.60 Ac.SF· Site$5.25/SF under utilized existing ·5040 sf 4,375 · MLS:w/1512108 Kitchener INVESTMENT FOR SALE&100% bldg. clean Many usesWell with located I-6 Zoning including Very unit. @ Manitou office. Newly painted, nice showroom, John Hoffman* Bleams. loading door. dock John Hoffman*
4,375 1512108 · Kitchener 1,560 SF· SF ·$5.25/SF $269,000· ·MLS: MLS:1425046 Very clean unit. Well located @ Manitou & Cambridge · Downtown Preston property.loading Main Bleams. Newly painted, nice showroom, floor retail, 2nd floor office or residential. On-site dock door. John Hoffman* INVESTMENT FOR SALE parking. Lester Tobin* 16,164 SF· $975,000· MLS: 1417413 INVESTMENT SALE Cambridge · Owner/user orFOR multi-tenant 1,560 SFample · $269,000 · MLS:1425046 building, on-site parking. Located on busy Cambridge · Downtown Main artery just south of HwyPreston #410. property. Lester Tobin* floor 2nd floor office or residential. On-site 1,560retail, SF · $269,000 · MLS:1425046 RETAIL PLAZA W.CONVENIENCE STORE Cambridge · Downtown Preston property. Main parking. Lester Tobin* 3,408 SF · 0.25 Acres · $1,550,000 floor retail, floor office or 1417413 residential. On-site 16,164 SF·2nd $975,000· MLS: MLS #1511142 · Waterloo · Two unit retail plaza parking. Lester Tobin* Cambridge · Owner/user or multi-tenant with business. Lester Tobin* SALE/LEASE 16,164 SF· $975,000· MLS: 1417413 10,688 SF · $6.75/SF· EXCLUSIVE · Waterloo building, ample on-site parking. Located on busy Cambridge · Owner/user or multi-tenant Great Location. Exposure to King St. N. Across artery just south of Hwy #410. Lester Tobin* 10,688 SF · $6.75/SF· EXCLUSIVE · Waterloo from Conestoga Mall. John Hoffman* building, ample on-site parking. Located on busy Great Location. Exposure to King St. N. Across artery just south of Hwy #410. Lester Tobin* from Conestoga Mall. John Hoffman* RETAIL PLAZA W.CONVENIENCE STORE SFPLAZA · 0.25 Acres · $1,550,000 STORE RETAIL W.CONVENIENCE 3,931 SF · $3.00/SF · MLS:1414196 · Kitchener 3,408 3,408#1511142 SF · 0.25 ·Acres · $1,550,000 MLS Waterloo · Two unit retail plaza Dry storage or distribution at a low cost. Extra 3,931 SF · $3.00/SF · MLS:1414196 · Kitchener MLSbusiness. #1511142 · Waterloo · Two unit retail plaza yard space available. John Dry storage or distribution at a low cost.Hoffman* Extra with Lester Tobin* yard space available. John Hoffman* with business. Lester Tobin*
Please say you saw it in The Commercial Investor
tenants (over 2,000). High pedestrian & traffic direct access to landlord’s student residential location. * Sales Representa�ve Lester Tobin*
1,015 sf warehouse &183 sf office condo.
2,358 SF · $379,000· MLS:1447307 · Kitchener Lester Tobin* 9,360 SF· $6.50/SF· MLS:1431568 · Kitchener Live/Work opportunity! Legal 1,160 sf residential 16 Dock doors, 21’ clear span shop. Great for 1,015 sf warehouse &183 sf office condo. 2,400volume SF · $5.50/SF MLS:1431886 high trucking ·business. Large land for Lester Tobin* Kitchener space in 5 unit industrial . truck and Excellent trailer avail. @ extra expense. 7,699
2,050 SF · $16.00/SF · MLS: 1424242 entrance to the new Carriage Crossing upscale Brantford End cap retail Drive-up 4,200 SF · $10.50/SF Net ·unit. MLS: 1418072 community. Zoning allows for many uses includparking. exposure. WaterlooHWY · Busy location, close to Lester U of W,Tobin* W.L.U
Vol
Volume 15 Issue 02
7
Commercial Real Estate & Business Opportunities
Kitchener/Waterloo Guelph & Cambridge
e 02
COLDWELL BANKER COMMERCIAL COLDWELL BANKER COMMERCIAL PETER BENNINGER REALTY, BROKERAGE 508 RIVERBEND DRIVE, KITCHENER, ON. 508 RIVERBEND DRIVE, KITCHENER, ON. Phone: 519‐743‐5211 Phone: 519‐743‐5211
www.coldwellbankerpbr.com/commercial
www.coldwellbankerpbr.com/commercial
e: commercial@coldwellbankerpbr.com e: commercial@coldwellbankerpbr.com
COLDWELL BANKER COMMERCIAL FORMER SCHOOL/RE-DEVELOPMENT SITE 19 Units · $8,100,000 · MLS: 1511473
LAND FOR SALE
LAND FOR SALE
19,589 SFSCHOOL/RE-DEVELOPMENT · 3 Ac.· $1,800,000 · MLS: SITE FORMER
Corner of Trillium and Huron w/excellent access to Hwy 7/8 Hwy·401. Many uses 2.0 Ac.· $500,000 ·and MLS:1337641 · Kitchener 4,200 SF Bldg.· 0.60 Acres $2,300,000 permitted. Colin Vogel*/Peter Benninger** MLS: 1444528 · Cambridge High profile Corner of Trillium and Huron ·w/excellent re-development siteand located across access to Hwy 7/8 Hwy directly 401. Many uses HIGH-DENSITY MIXED-USE DEVELOPMENT! from Ac. Cambridge Memorial Hospital. 185 ft of 5.09 · $4,250,000 · EXCLUSIVE permitted. Colin Vogel*/Peter Benninger** frontage. Current is a sf restaurant. Cambridge · 5 minuse walk to4,200 Cambridge Centre w/ 673parking spaces. Lester Tobin* HIGH-DENSITY MIXED-USE Mall. min drive to hwy 401 DEVELOPMENT! Directly across from Ac. natural conservation area. 5.09 · $4,250,000 · EXCLUSIVE 2.0 Ac.· $500,000 · MLS:1337641 · Kitchener Benninger**/Colin Vogel* Cambridge · Peter 5 minand walk to Cambridge Centre Corner of Trillium Huron w/excellent Mall. 3 min drive to hwy 401 Directly across access to $1,995,000 Hwy 7/8 and Hwy 401. Many uses 4.49 Ac.· · EXCLUSIVE · Kitchefrom naturalvisible, conservation area.site. permitted. Colin Vogel*/Peter Benninger** ner Highly high traffic Central to Benninger**/Colin existing retailPeter & proposed employmentVogel* lands. HIGH-DENSITY MIXED-USE DEVELOPMENT! Peter Benninger** 5.09 Ac. · $4,250,000 · EXCLUSIVE
Fully fencedWoodstock with one gate, graveled andbuilding 1444282 · Single storey compacted. Road coming through containing 8Bleams classrooms, gymnasium andin the Spring of 2015! John Hoffman* playground with commercial zoning. BUSINESS FOR SALE
Waterloo constructed, purpose 19 Units ·· Recently $8,100,000 · MLS: 1511473 PETER BENNINGER REALTY, BROKERAGE 1444282 · Single storey built 6 storey, 95 constructed, bedroom investment 19,589 SF Woodstock · 3 Ac.· $1,800,000 · MLS:building Waterloo · Recently purpose containing 8 classrooms, gymnasium and property. U of Winvestment and W. L. 4,200 SF Bldg.· 0.60 Acres · $2,300,000 1444282 Woodstock · Single storey building 508 RIVERBEND DRIVE, KITCHENER, ON. built 6 Steps storey,away 95 from bedroom playground with commercial zoning. U. Features L.E.E.D quality construction, MLS: 1444528 · Cambridge · High profile containing 8 classrooms, gymnasium and property. Steps away from U of W and W. L. 4,200 SF Bldg.· 0.60 Acres · $2,300,000 Phone: 519‐743‐5211 Residential re-development is obtainable. steel roof, separate hydro meters, brand new re-development site located directly across playground with commercial zoning. L.E.E.D managers quality construction, MLS: 1444528 · Cambridge · High profile Lester Tobin* U. h/e Features boilers, office. from Cambridge Memorial Hospital. 185 ft of Residential re-development is obtainable. steel roof, separate hydro available meters, brand new LAND FOR LEASE IN KITCHENER re-development directly across Attractive mortgage O.A.C. frontage. Currentsite uselocated is a 4,200 sf restaurant. e: commercial@coldwellbankerpbr.com www.coldwellbankerpbr.com/commercial 1514567Tobin* h/e boilers, managersEric Reiner* office. from Memorial Hospital. 185Tobin* ft of 2.8 Acres · $4,000/month · MLS: Lester w/ 67Cambridge parking spaces. Lester fenced with oneINgate, graveled and SITE 19 LAND FORSCHOOL/RE-DEVELOPMENT LEASE KITCHENER Attractive O.A.C. FORMER useFOR is a 4,200 Units · mortgage $8,100,000 available · MLS: 1511473 frontage. Current LAND SALEsf restaurant. Fully Road·coming through in the 2.0 Ac.· $500,000 · MLS:1337641 · Kitchener compacted. 2.8 Acres MLS:·1514567 Eric Reiner* 19,589 SF· $4,000/month ·Bleams 3 Ac.· $1,800,000 MLS: Waterloo · · Recently constructed, purpose w/ 67 parking spaces. Lester Tobin* Spring 36 Units $5,500,0000 · MLS:1511369 of 2015! John Hoffman*
Residential re-development is obtainable. Lester Tobin*
LAND FOR LEASE IN KITCHENER BUSINESS FOR SALE 2.8 Acres · MLS: 1514567 2,000 SF ·· $4,000/month $149,000 · MLS: 1434965 Fully fenced with one gate, graveled andan up & Elmira · Excellent opportunity to own compacted. Road coming through in the coming caféBleams and catering business w/ dream Spring of 2015! John Hoffman*
kitchenSF for· even the most experienced 2,000 $149,000 · MLS: 1434965 chef. Lester Tobin*/ James Boudreau** Elmira · Excellent opportunity to own an up & coming BUSINESS FOR SALE café and catering business w/ dream 5,887 SF · $399,000 · MLS:1447072 kitchen for even the mostfull experienced Cambridge · Established service chef. 4.49 Ac.· $1,995,000 · EXCLUSIVE · Kitche- restaurantLester with liquor license and Boudreau** patio. Tobin*/ James Cambridge · 5 min walk to Cambridge Centre Located on Grand River. Upscale dining with GREAT RE-DEVELOPMENT ner Highly visible, high traffic SITE site. Central to 2,000 SF · $149,000 · MLS: 1434965 Mall. 3 min to hwy 401 Directly across 25,182 SF ·drive $2,420,000 SF ·cuisine. $399,000 · MLS:1447072 California existing retail & proposed· MLS:1417598 employment lands. 5,887 Elmira · Excellent opportunity to own an up & from natural conservation Brockville · Some medical area. onsite. Walking Lester Tobin*/full James Boudreau** Cambridge · Established service Peter Benninger** coming café and catering business w/ dream Benninger**/Colin Vogel* distance fromPeter Hospital. Some new leases restaurant liquor license and patio.chef. kitchen for· with even the most experienced 1,156 SF $274,900 · MLS: 1511182 pending. John Hoffman*/Gary GREAT SITEBoudreau* 4.49 Ac.·RE-DEVELOPMENT $1,995,000 · EXCLUSIVE · Kitche- Located GrandTobin*/ River. Upscale dining with James Boudreau** Waterlooon ·Lester Profitable business with growth ner Highly high traffic site. Central to potential. 25,182 SF ·visible, $2,420,000 · MLS:1417598 California All cuisine. fixtures and equipment included. HIGH DENSITY MIXED USE DEVELOPMENT 5,887 SF · $399,000 · MLS:1447072 existing retail & proposed employment lands. Brockville medical· EXCLUSIVE onsite. Walking Lester Tobin*/full James Boudreau** James Boudreau**/Gary Boudreau* 3.25 Acres· ·Some $5,850,000 Cambridge · Established service Peter Benninger** distance Hospital. new leases Kitchenerfrom · Frontage onSome 2 major streets at the 1,426 restaurant with liquor··license and patio. SF· $140,000 MLS: 1511046 1,156 SF · $274,900 MLS: 1511182 pending. John Hoffman*/Gary Boudreau* Located on Grand River. Upscale dining with gateway to downtown Kitchener. Excellent GREAT RE-DEVELOPMENT SITE Waterloo ·· Gourmet & Pasta Waterloo ProfitablePizza business withrestaurant. growth access to Hwy 401 via Hwy 8 Directly on 25,182 SF · $2,420,000 · MLS:1417598 California cuisine. High salesAll with hugeand potential. Located in the potential. fixtures equipment included. proposed light rail transit route. Brockville · Some medical onsite. Walking Lester Tobin*/ James Boudreau** HIGH DENSITY MIXED USE DEVELOPMENT city’s fastest growing area. High exposure on Benninger**/Colin Vogel* James Boudreau**/Gary Boudreau* distance from Hospital. Some new leases 3.25 Acres · Peter $5,850,000 · EXCLUSIVE busy Lester Tobin* 1,156roundabout. SF · $274,900 · MLS: 1511182 pending. · Frontage John Hoffman*/Gary Boudreau* Kitchener on 2 major streets at the 1,426 Waterloo Profitable· business with growth SF·· $140,000 MLS: 1511046 66.58 Acres · $2,200,000 · EXCLUSIVE gateway to downtown Kitchener. Excellent potential. fixtures and equipment included. MULTI FAMILY SALE Cambridge· Under consideration to change Waterloo ·All Gourmet Pizza &FOR Pasta restaurant. HIGH DENSITY MIXED USE DEVELOPMENT access to Hwy 401 via 8 Directly on James Boudreau* OP designation to industrial. 3.25 Acres · $5,850,000Hwy · EXCLUSIVE High sales withBoudreau**/Gary huge potential. Located in the proposed rail transit Peter streets Benninger** Kitchener light · Frontage on 2route. major at the 13 city’sUnits fastest exposure on ·growing $5,500,000· MLS: 1437772 1,426 SF· $140,000 · area. MLS:High 1511046 Peter Benninger**/Colin Vogel* gateway to downtown Kitchener. Excellent busy roundabout. Lester Tobin* Recently constructed, purpose · ·Gourmet Pizza & Pasta restaurant. Approx.217 Acres · $4,340,000 · EXCLUSIVE Waterloo
built 6 storey, 95 bedroom investment Kitchener · Brand New! 100% Leased, 100% property. Steps away from U of W and W. L. Income & building warranty. 36 Units guarantee · $5,500,0000 · MLS:1511369 U. Featuressized L.E.E.D quality construction, Generously units w/ premium finishes, Kitchener · Brand New! 100% Leased, 100% steel roof,steel separate hydro meters, brand new stainless appliances, in suite laundry, Income guarantee building warranty. h/e boilers, managers office. Separate hydro & gas&meters. Located steps Generously units w/available premium finishes, Attractive mortgage O.A.C. away from sized shopping and expressway. Eric Reiner* stainless intransit suite laundry, Located steel on appliances, major route. Eric Reiner* Separate hydro & gas meters. Located steps 36 Units · MLS:1511369 away from· $5,500,0000 shopping and expressway. Kitchener · Brand Leased, 100% Located on New! major100%transit route. Income guarantee & building Ericwarranty. Reiner* For Commercial Real Estate Generously sized units w/ premium finishes, stainless steel appliances, suite laundry, Solutions in Canada'sin Technology Separate hydro & gas meters. Located steps contact any of our awayTriangle, from shopping and one expressway. For Commercial Real Located major transitorEstate route. sales on representatives, call Eric Reiner* Solutions in Canada's Technology 519-743-5211.
access to Hwy 401 via Hwy 8 Directly on
Waterloo Region Currently Being Farmed. proposed light rail· transit route. 66.58 Acres · $2,200,000 · EXCLUSIVE Call for info pkg! Peter Benninger**/Colin Vogel* Cambridge· Under consideration to change Peter Benninger**/Colin Vogel* OP designation to industrial. 66.58 Acres· ·$3,000,000 $2,200,000· MLS: · EXCLUSIVE 37.5 Acres Peter1244781 Benninger**
built property. Close to U ofinW High investment sales with huge potential. Located the& W.L.U. controlled entry w/video surveillance, city’s fastest growing area. High exposure on separate MULTI FAMILY FORLester SALE meters for gas and Tobin* hydro. busy roundabout. Eric Reiner*
Units MULTI FAMILY FOR SALE 13 Units $5,500,000· 1437772 36 · · $14,750,000 · MLS: MLS: 1437816 ·· Modern style units. Recently Waterloo Recentlyloftconstructed, purpose constructed, built Close steps to U U1437772 of W W& built Units investment property. to of & 13 · purpose $5,500,000· MLS: Waterloo Region · Currently Being Farmed. W.L.U. L.E.E.D quality construction, most beautiful sandy beaches in Ontario! W.L.U. controlled entry w/video surveillance, Waterloo · Recently constructed, purpose Approx.217 Acres · $4,340,000 · EXCLUSIVE separate hydro meters. Call for info pkg! Eric Reiner* James built investment property. Close and to U ofhydro. W& meters for gas Waterloo Region BeingBoudreau** Farmed. Peter· Currently Benninger**/Colin Vogel* separate W.L.U. controlled entry w/video Eric surveillance, Reiner* Call for info pkg! 37.5 Acres · Peter $3,000,000 · MLS: 1244781 Benninger**/Colin Vogel* separate meters for gas and hydro. Eric 1437816 Reiner* 36 Units · $14,750,000 · MLS: Port Elgin · Incredible investment. At the 37.5 Acres · $3,000,000 · MLS: 1244781 Waterloo · · Modern loft style units. Recently gateway to Port Elgin. 800 meters from new 36 Units $14,750,000 · MLS: 1437816 Port Elgin · Incredible investment. At the purposeloft built steps to URecently of W & Walmart plaza few min. to one the constructed, Waterloo · Modern style units. gateway to PortaElgin. 800walk meters fromofnew W.L.U. quality constructed, L.E.E.D purpose built steps construction, to U of W & most beautiful beaches in Ontario! Walmart plaza asandy few min. walk to one of the separate meters. quality Eric Reiner* W.L.U. hydro L.E.E.D construction, James most beautiful sandy beaches in Boudreau** Ontario! Cambridge· consideration change Port Elgin · Under Incredible investment.toAt the OP designation to gateway to Port Elgin. 800 meters from new Approx.217 Acres ·industrial. $4,340,000 · EXCLUSIVE PetertoBenninger** Walmart plaza a few min. walk one of the
James Boudreau** separate hydro meters.
Eric Reiner*
Triangle, contact any one of our SALES REPRESENTATIVES: sales representatives, call For Commercial Real orEstate
519-743-5211. Solutions in Canada's Gary Boudreau * · Technology ext. 3029 Triangle, contact any one of our
James Boudreau **
· ext. 3020
sales REPRESENTATIVES: representatives, or call SALES Selby Colson * · ext. 3100 519-743-5211.
Mike Flynn * Gary Boudreau * John Hoffman *
ext. 3037 ·· ext. 3029 · ext. 3040
SALES Boudreau REPRESENTATIVES: James ** · ext. 3020
Bill Halpenny * Selby Colson * * Gary Boudreau R. Blake Hull * James Boudreau ** Mike Flynn * Eric Reiner * Selby Colson * John Hoffman Lester Tobin * * Mike Flynn * Bill Halpenny Colin Vogel * * John Hoffman * Harmony Voisin R. Blake Hull * * Bill Halpenny *
· ·· · · · · ·· · ·· · · ·
ext. 3120 ext. ext. 3100 3029 ext. 3032 3020 ext. 3037 ext. 2099 ext. 3100 ext. 3023 3040 ext. ext. 3037 ext. 3120 ext. 3110 ext. 3040 ext. 3117 3032 ext. 3120
Eric Reiner * · ext. 2099 BROKER OF RECORD: R. Blake Hull *
Lester Tobin * Eric Reiner *
· ext. 3032
Colin LesterVogel Tobin* *
Peter Benninger**
·· ext. 3023 ext.3000 2099 · ext. ·· ext. 3110 ext. 3023
Harmony Voisin * Colin Vogel *
· ext. 3117
· ext. 3110 * Sales Representa�ve Harmony Voisin * · ext. 3117 ** Broker
BROKER OF RECORD:
BROKER OF RECORD:
Peter Benninger**
Peter Benninger**
· ext. 3000
· ext. 3000
* Sales Representa�ve * Sales Representa�ve ** Broker ** Broker Please say you saw it in The Commercial Investor
8171433_0915
Vol
inthenews
Economic outlook positions Ontario as one of the growth leaders
T
he sudden collapse in oil prices has significantly altered the economic landscape in Canada and around the world. While some provinces will be negatively impacted, Ontario joins Manitoba and British Columbia as economic growth leaders this year, according to The Conference Board of Canada’s Provincial Outlook: Winter 2015.
“Ontario, with its minor exposure to the oil and gas extraction sector, is expected to receive a significant economic boost in the short term,” said Marie-Christine Bernard, Associate Director, Provincial Forecast.“Ontario’s economy is projected to grow by 2.9 per cent this year, bolstered by strong exports and consumer spending – the first year since 2002 in which economic growth in Ontario outpaces the national average of 1.9 per cent.” Ontario joins Manitoba and British Columbia as economic growth leaders fuelled by the lower Canadian dollar, stronger U.S. economy and stronger consumer confidence. Swift correction in oil prices will hurt other provinces like Alberta, Newfoundland and Labrador, and Saskatchewan. Nationally, economic growth will be just 1.9 per cent in 2015, down from 2.4 per cent in 2014. Consumer confidence is likely to increase as Ontario households could have up to $1,000 more in discretionary income in 2015, as a result of prices at the pump. While Ontarians will likely save some of it or pay down existing debt, much of it is expected to be spent on goods and services, providing a boost for real consumer spending in the province. Ontario’s exporters will continue to benefit from increased demand from a healthy U.S. economy, which is set to grow by 3.2 per cent in 2015. This, coupled with the combination of low oil prices, the Bank of Canada’s recent interest rate cut, and a weaker Canadian dollar should render Ontario’s products more competitive, boosting exports to south of the border. For most provinces, growing public debt and fiscal deficits will remain a challenge this year. Federal and provincial government revenues will feel the squeeze from reduced
008 news - Ontario economic outlook.indd 1
7
Real GDP by Province, 2015 (percentage change*) Alta. N.L. Sask. N.S. N.B. Que. P.E.I.. Ont. Man. B.C. -2
•D •7 •E p •1 •$
-1
0
1
2
3
0915_
*based on 2007 $ Sources: The Conference Board of Canada; Statistics Canada.
nominal GDP growth. Resource-dependent provinces like Alberta and Newfoundland and Labrador will also be forced to deal with substantially lower-than-expected resource royalty revenues. As governments work to control rising deficits, a new round of expenditure control is expected. The sharp decline in capital expenditures in the oil industry will dampen the economic forecast for Alberta, Saskatchewan, and Newfoundland and Labrador. “The slowdown in Alberta’s energy sector will have far reaching consequences as many of the workers who flew in and out of the province for oil and construction work may now be unemployed,” added Bernard.“It is estimated that $374 million in income was generated in Atlantic Canada from commuting workers.” With the exception of Newfoundland and Labrador, the economic outlook is improving for Atlantic Canada. After some difficult times in the resource and manufacturing sectors, Nova Scotia and New Brunswick are expected to finally see more solid economic growth. The downturn in oil producing provinces is expected to be relatively short lived as prices are expected to rise gradually as the global oil glut eases and global demand improves later this year and in 2016. The Conference Board of Canada will host a webinar, Canada’s Fiscal and Economic Outlook: Small Winners, Bigger Losers, on March 13 at 11am EST.
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Commercial Real Estate & Business Opportunities
519.742.7000 www.coupalmarkou.com
LEASING OPPORTUNITIES 77 KING STREET NORTH, WATERLOO
92 KING STREET SOUTH, WATERLOO
• Desired corner located in busy Uptown Waterloo • 750 meters from Wilfrid Laurier University • Existing restaurant infrastructure with 227 person capacity • 12,500 sq ft over 2 floors and lower level • $11,000/month
• Second floor space with private entrance • Excellent location across from “The Shops of Waterloo Twon Square” • On GRT route and minutes from Hwy 85 • 1016 sq ft (approximately) • $11.50/sq ft Net
MLS
0915_DJW_0062
MLS
0915_DJW_0063
240 DUKE STREET WEST, KITCHENER
• Free standing brick & beam building in the heart of downtown Kitchener • Beautiful post and beam construction with high ceilings & abundance of natural light • Directly across from the NEW Regional Transit Hub • Freight elevaor & loading docks • 16,950 sq ft over 2 floors and lower level • $16.00 / sq ft Net EXCLUSIVE 0915_DJW_0064
INVESTMENT OPPORTUNITIES 185 GLASGOW ST, KITCHENER
1015-1051 KING ST E, KITCHENER
• Freestanding building in Belmont Village • Corner location, ample parking, pylon signage • Leased to April 2015. NOI $72,000 per annum • $1,295,000 0515_DJW_3_0068
MLS
27 RIVERVIEW PL, KITCHENER
• 3.63 acres industrial land • In prestigious Grand River Business Park • Located just off Victoria St. N, Kitchener • $671,550 ($185,000 per acre) 0515_DJW_4_0075
MLS
• Across from future LRT • 1.19 acre redevelopment site • Corner of King & Ottawa Street • Existing income in place • $2,295,000
54 BRIDGE ST W, KITCHENER
• Prime residential development site • 1.23 acres with 181.28 ft frontage • Premilinary site plan approval in place for • 32 unit apartment building or stacked townhouses • $1,350,000 MLS
0515_DJW_1_7778
MLS
0515_DJW_2_0117
300 BRIDGE ST E, KITCHENER
470 BRANT RD, NEW DUNDEE
• 72.9 acres • 44.65 acres developable • Strategically located on the new Hwy 7 realignment • $9,900,000
• 120.4 acres with 4,400 sf house, horse barn & facilities • High profile location minutes from south Cambridge • Ideally suited for future development in the areas of recreation and leisure • $2,995,000 0515_DJW_1_0119
0515_DJW_2_0021
MLS
Christopher Coupal
John Markou
James Craig
Broker of Record, Principal christopher@coupalmarkou.com 519-742-7000 x 101
Broker, Principal john@coupalmarkou.com 519-742-7000 x 102
Sales Representative james@coupalmarkou.com 519-742-7000 x 103
MLS
CONNECT
11289418_0915
The information set out herein is for advertising purposes, with information obtained from sources deemed to be reliable. No warranty or representation is made as to its accuracy, correctness and completeness of the information, being subject to errors, omissions, conditions, prior sale/lease, withdrawal or other changes without notice. Coupal Markou Commercial Real Estate Inc., Brokerage
Please say you saw it in The Commercial Investor
Kitchener/Waterloo Guelph & Cambridge
Volume 15 Issue 02
10
Volume 15 Issue 02
Commercial Real Estate & Business Opportunities
Sales Representative
Royal LePage Crown Realty Services Inc.,Brokerage Contact
Off: 519-740-6400 | Dir: 519-501-2629 leoteam1@gmail.com
VACANT LOT FOR SALE
WURSTER PL, BRESLAU TOWNSHIP of WOOLWICH Property Features:
11294269_0915
Kitchener/Waterloo Guelph & Cambridge
LEO CARNEVALE
• Approximately 47.80 acres • Located within the Waterloo Region East Side Community Plan • Waterloo Region Council Adopted Official Plan 2009. • Parcel boundary adjacent to planned future “GO” Station. • Existing residential development nearby • Ontario Ministry of Transportation says to begin construction this spring on a new four-lane Highway 7 between Kitchener and Guelph with opening date planned in 2020 • Close to major transportation routes • Close Proximity to Waterloo Region International Airport • Vacant parcel zoned agricultural • Prefect for the small investor to wait for development
FOR SALE $579,900 Please email or call for information package. Seller will review offers March 18, 2015.
Please say you saw it in The Commercial Investor
Vol
Volume 15 Issue 02
11
Commercial Real Estate & Business Opportunities
Kitchener/Waterloo Guelph & Cambridge
e 02
11295053_0915
KYLE CHURCH, SALES REPRESENTATIVE
Office: 519.745.7000 kyle.church@royallepagecommercial.com Royal LePage Grand Valley Realty, Brokerage
MULTI RESIDENTIAL
KITCHENER 175 Hoffman Street 8 Units 8x2BR Separate Meters Next to Public School Asking $847,500
WATERLOO 60 Weber Street South 9 Units 5x1BR, 4x2BR Central location 18 parking spaces Asking $948,500
OFFICE SPACE FOR LEASE
INVESTMENT
KITCHENER 175 Fairway Road 10,818 sf Building Tool and Die Shop Residence/office space 19’5” clear height Asking $1,200,000
HAMILTON 1030 Upper James Street Office Investment 31,575 sf Underground parking 25 units, elevator Asking $2,950,000
RETAIL SPACE FOR LEASE
GUELPH 503 Imperial Road North 13,123 sf office space Furnished, turn key Convenient location 80 – 100 office suites $9.95 psf, CAM $3.04 psf
KITCHENER 1305 Victoria Street N 3,223 sf retail/office Zoning allows flexible uses Large rooms, drive in door Private office, storefront $5.00 psf, CAM $6.84psf 11285345_0915
Please say you saw it in The Commercial Investor
Vol
SOUTHWESTERN ONTARIO
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
contact Doreen Wills Tel: 1-800-268-0077 or 905-570-9283
doreen.wills@wall2wallmedia.com thecommercialinvestor@wall2wallmedia.com
13
Commercial Real Estate & Business Opportunities 11239820_0915
Sutton - Huron Shores Realty Inc. Brokerage 606 Goderich St., Port Elgin, ON N0H 2C0 519-797-1007 | 1-888-727-1007
Brian Shular Doug Freiburger Kaitlyn Shular
HIGH TRAFFIC CORNER LOCATION 0915_DJW_0017
5097 Hwy. 21, Port Elgin Seller's willing to hold the Mortgage w/$100,000 Deposit Business & Inventory Negotiable Ideal Small Engine Repair Shop MLS #411044000520500 $489,000
$287,900
GREAT RENTAL INCOME
List with us today to have your property showcased & seen by thousands at our booth at the Spring Cottage Life Show March 27-29
136 High St., Southampton Duplex Located in Southampton's Downtown Core New Forced Air Furnace 2011, Step to the Beach Year Round Rental or Weekly in the Summer MLS #411048000303500 $327,500
0915_DJW_0018
Sales Representative
HWY COMMERCIAL
537 Goderich St., Port Elgin Located in the Downtown Core Ideal Home Based Business Gas Furnace 2013 & A/C Unit MLS #411046000124000
0915_DJW_0016
Sales Representative
Broker of Record
www.suttonhuronshores.com Not intended to solicit properties currently listed for sale.
10424334_0915
Peter Piazza SALES REPRESENTATIVE
519-319-9030 www.ppiazza.com
TRILAND REALTY BROKERAGE Independently Owned & Operated
OFFICE 519-661-0380
VIDEO STORE
0915_DJW_0015
LARGE COMMERCIAL OFFICE BUILDING
Located close to downtown with over 60 parking spots this 30,000 sq ft building has been used as a furniture store for many years. Easy to subdivide with separate heating and cooling units. Has been used for a variety of office uses in past. Rsc1, 2 and 4 allow for a variety of users.
ASKING $2,200,000
Operating at same location for over 20 years. Price includes all videos and fixtures. Owner has other interests. Financial statements available to qualified buyers.
ASKING $35,000 INCLUDES INVENTORY
Please say you saw it in The Commercial Investor
Southwest Ontario
Independently Owned and Operated
0915_DJW_0014
N
Volume 15 Issue 02
businesssavvy
IS YOUR SMALL BUSINESS VULNERABLE TO FRAUD?
O
rganizations of all sizes are susceptible to fraud and scams, but it’s the small and medium businesses that are the most vulnerable. According to Canadian accounting associations, SMBs represent the most important employment sector in the country, constituting 99.7 per cent of all business establishments and two thirds of the private workforce, making them a prime target. Their limited ability to allocate resources to prevention and detection means that fraudulent activity can usually go unnoticed until a high price has already been paid. “Another factor that makes small businesses susceptible to fraud is the limited overall knowledge that they have on the subject” notes François Ramsay, Senior Vice-President, Corporate Affairs and General Counsel for Yellow Pages Group.“ The majority of SMBs aren’t aware of the different
014-015 business savvy_safe from fraud.indd 1
ways they could become victims of internal and external fraud, which makes it difficult for them to identify the chinks in their armour and to ensure prevention, detection, and appropriate response measures.” To help increase awareness, Ramsay has identified some of the most common and other not-so-obvious types of fraud that exploit small businesses. Employee Fraud: Unfortunately, studies have shown that even trusted employees, who don’t fit the stereotypical profile of a thief, can engage in fraud-related conduct. If they have easy access to funds in a company that lacks appropriate control systems in the accounting and inventory departments, employees may give in to the temptation to take company resources when faced with personal financial stress and the right opportunity. Impersonators: Some scammers send pretend invoices or try to pass themselves off as legitimate businesses that you usually deal with. SMBs may receive bills for print and online listings or advertisement which they did not order or authorize. Other order forms or invoices that seem to come from well-known supplierscould actually be from fraudsters who have made very
2015-02-26 1:23 PM
014-015 b
-26 1:23 PM
businesssavvy
IS YOUR SMALL BUSINESS CYBER-SAFE? With the increasing use of mobile devices and the prominence of social media in our lives, cyber crime poses serious security risks, especially for small businesses. In 2013 alone, cyber crime has cost Canadians $3 billion (in USD) according to a Norton report. “Being cyber safe is a practice that should be part of a company’s regular operations,” said Paul T. Ryan last year when he was in the role of Chief Technology Officer for Yellow Pages Group – a company that provides digital media and marketing solutions to Canada’s small businesses. “Small business owners may believe that they are too small to be targeted by cyber criminals, but the fact is that they’re a huge target because of their often less robust security systems.”
subtle changes to that company’s logo and name, hoping that you won’t notice and that you will pay the invoice. Start-ups are especially vulnerable to illegitimate companies claiming to represent the government by offering them funding programs which are hard to understand. Cyber Fraud: Most small business owners are aware of malicious software that poses online security threats. Spyware, malware, and trojan horses are all designed to gain access to sensitive information stored on your computer by tricking you to click a link or visit a fake website. Even social media platforms are potential risks with links sent by a direct message from fans’ and friends’ accounts. But fewer people know about mobile phone scams. Text messages and missed calls coming from numbers you don’t recognize can charge a premium rate when you call or answer back. Small companies who rely most on their mobile phone for business are prime targets. Identity theft: Scammers are assuming business identities in order to steal company assets, such as client lists, credit card information, and business relationships. Confidential electronic information and paper document thefts can be committed in the most mundane way, when computers are not properly password protected or files are left out in the open. Some businesses also do not take proper steps to destroy sensitive data safely, making dumpster-diving and hacking into company networks easy ways to access information. Once businesses have identified their areas of vulnerability to fraud, they can then start taking periodic assessments of risks and developing a simple response plan to guide staff and management in cases when fraud is detected. NC
014-015 business savvy_safe from fraud.indd 2
Ryan suggested implementing a few security measures for small businesses that are looking to protect themselves against cyber fraud: • Tablets and smartphones are great tools for sales teams but, because of their size, they are a target for both theft and fraud. Always protect your devices with a password, frequently back-up your data, and install security, encryption, and locator apps to protect sensitive business information. Most importantly, don’t access private information on free Wi-Fi networks, as they often aren’t very secure. • With the growing use of mobile comes the move to cloud computing. It’s great for data storage, as well as for marketing and sales, but this means that you’re storing your data online, outside your business and sometimes outside the country. Protect yourself by using a service that allows you to encrypt information before uploading or sharing and by only giving access to a limited number of people in your organization. Don’t forget to do your research before choosing a service provider; read their legal terms, know where your data is being stored, and make sure their service fits your security needs. • Social media sites provide another marketing tool for small businesses to reach their potential customers, but they’re also easy targets for hackers looking to get access to private business information. If you’re using social media to promote your business, select only a small number of individuals who can post on your company’s behalf. Also, it’s important to use the site’s privacy controls, ignore requests for sensitive business information, and continue to be on the lookout for spam posts. For small businesses, cyber crime continues to be a very real threat. Ultimately, cyber safety must become the responsibility of all members of an organization, and with the implementation of simple security measures, the high cost of falling victim to this kind of fraud can often be prevented.
2015-02-26 1:23 PM
16
Volume 15 Issue 02
10863226_0915
Commercial Real Estate & Business Opportunities
David Hilderley Sales Representative 519.537.1469 www.DavidHilderley.ca david.hilderley@centrury21.ca
Century 21 Heritage House Ltd., Brokerage Independently Owned and Operated
Southwest Ontario
Business is at a Crossroads... It’s called Woodstock, Ontario
Office: 519.539.5646 PRIVATE PANORAMIC VIEW
7+ ACRES OF RECREATIONAL PROPERTY
200 acres of sandy loam soil near the Village of Bright in Blandford Blenheim. THere are 160 acres cultivated with the other 40 acres woodland & stream. 70 acres have been systematically tiled. The 2100 sq ft house built in 1976 had a 2-storey 490 sq ft addition added in 1992. This spacious home features large rooms & an open concept floor plan. The 40 tie stall dairy barn (1977) has 36'x120' gable roof & 32'x40' single level 20'x20' milk house, 200 amp service, 20'x35' Harvestore silo & 160' drilled well. Also there is a 45'x85' engineered steel bldg. with 16 ft clearance (1995) & a 32'x48' pole shed. Gas well royalty.
0915_DJW_0065
Currently used as a miniature golf course and driving range. LIST OF USES AVAILABLE. 0915_DJW_0066
$3,400,000
$700.000
HIGHWAY COMMERCIAL Just across the road from Cityline for Woodstock, Ontario, paved road. Zoned General Industrial and Agricultural. Full legal description available from listing agent re: easement and right of way. 3 bedroom home on property. Salvage yard with scale. Metal salvage business currently in operation.
8 acres highway commercial, prime location and great opportunity for development. Call for full details. 0915_DJW_0067
0915_DJW_0068
$1,999,000
11295056_0915
$799,999
300 South Edgeware, St. Thomas
452-456 Talbot St., St. Thomas FOR SALE $499,000. 0915_DJW_0084
Over 10,000 s.f. of updated office complex in city core.
FOR LEASE $12.00 S.F. 1320 sf to 4987 sf located on a busy corner in NE part of city.
PARKING ONSITE IN ADJACENT CITY LOT
EASY ACCESS TO HIGHBURY/401/402 Large Reception area & several individual offices, including board room & kitchenette. Ample parking on site – Great Visibility.
CALL FOR DETAILS
0915_DJW_0085
Please say you saw it in The Commercial Investor
0915_DJW_0086
FOR LEASE $12.00 S.F. Large office complex including reception area, 2 board rooms & 7 individual offices. Located 1 block from City Hall. Ample parking. Call 519 857 5429 for further details. 0915_DJW_0087
Vol
Volume 15 Issue 02
17
11294760_0915
Commercial Real Estate & Business Opportunities
ED MORIC
Wilfred McIntee & Co. Ltd. Brokerage 105 Garafraxa St. N. Durham, ON, N0G 1R0 519-369-2128
Email:
Sales Representative
519-369-8233 ed.moric@mcintee.ca Southwest Ontario
Visit: www.edmoric.com & www.mcintee.ca FANTASTIC OPPORTUNITY
0915_DJW_0002
Take over established bulk food store. Business only for sale. Includes all store fixtures and stock. Call for more details. #14-074
$139,900 INCOME PROPERTY
0915_DJW_0003
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Building contains commercial unit previously a general store, 3 bdrm apartment & 2 - 2 bdrm apartments. Recently udpated electrical, ductwork & furnace. Property selling 'as is'. #14-084 11295055_0915
$164,900
George Gicopoulos
Sales Representative
Royal LePage Triland Realty, Brokerage* 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 DINO'S GRILL HOUSE & BEVERAGE CO.
CRABBY JOE'S TAP & GRILL
Great upscale family eatery, in operation for many years with great reputation and good sales and profits. Apprixmately 90 seats licensed under the LLBO. Very good condition, excellent long term lease. Open 6 1/2 days closed Sundays at 3:00 p.m.
This Crabby Joes franchise is where it all started in 1996; part of about 40 franchised restaurants in Ontario. Approximately 3000 sq ft on main floor with banquet facilities in the lower level and a nice front patio. Free standing building with plenty of on-site parking in the middle of town.
0915_DJW_0024
0915_DJW_0025
SUB-LEASE $3,000/MONTH FULLY EQUIPPED 1,030 SQ FT RESTAURANT
BUSINESS FOR SALE Licensed on patio for 40 and 90 inside with about 3,000 sq. ft. of space. Plenty of parking, easy access with great visibility. This is truly a money maker. Operated by the same family since its beginning about 10 years ago. Located in the expanding part of Aylmer where all the new development is. 0915_DJW_0027
Great opportunity to sub-lease this one year old fully equipped restaurant for less than rental payable. Located in rapidly expanding southwest London. Great signage and viability with patio at the front. Ideal for fast food, burgers, fish & chips, sushi, Chinese, pizza and more. 0915_DJW_0028
Please say you saw it in The Commercial Investor
8155109_0915
DINO'S CLASSIC GRILL 11:00 A.M. till 9:00 P.M. counter service. Minimum wage costs for this, Fast Food operation, with good sales and profit. Well known, good reputation, easy to operate ideal for Husband and Wife team.
0915_DJW_0026
MALIBU FAMILY RESTAURANT Here is your opportunity to own one of the most successful longest running family style restaurants in the city and probably the most well known with a great reputation, great sales and profit. A true London landmark in the hospitality industry. A new (10) year lease to be negotiated with the Landlord at time of offer. 0915_DJW_0029
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Volume 15 Issue 02
11291991_0915
Commercial Real Estate & Business Opportunities
WOODSTOCK
519-539-2070
ROSEMARY BROWN
MARK SCHADENBERG
PETER VANDERSAR
SALES REPRESENTATIVE
SALES REPRESENTATIVE
BROKER
519-532-9049 rosemarybrown@royallepage.ca
519-537-1553 mschadenberg@rogers.com
519-536-1200 peter@petervandersar.com
Southwest Ontario
FOR SALE
$525,000
$285,000
Approximately 12,000 SQ FT building on highway #2 on approximately 5 acres. Former Bowyer Marine Dealership. Lots of parking and outside storage space. New roof on part of building. Quonset building also on site for storage. Vendor take back Mortgage at 2 percent for 3 years to qualified buyer.
0915_DJW_0083
FOR LEASE APPROXIMATELY 2300 SQUARE FT Store front retail and storage space in downtown Woodstock for lease. Also includes about 1000 sq.ft. in basement for storage space. Bright retail area for commercial with lots of traffic on Dundas street. Overhead door (10x10) off back alley. Net lease for 2300 sq.ft. at 8.00/sq.ft. Tenant pays own utilities and portion of realty taxes and building insurance (approx. $3.00/ SQ.FT.) $8.00 Sq Ft.
$1,500,000
Remarkable Versatile Village listing. For right buyer, wonderful Embro commercial opportunity exists in 2,300 sq ft 1-level office building at corner of Huron (Cty Rd 6) and Commissioners. Available now! Fully modern building includes 1996 addition with full basement. Currently set up as 9 room but 2 showroom/office areas (each over 400 sq ft) could be opened up larger. Village commercial zoning could permit work-at-home setting or purchase for your own professional use. 0915_DJW_1_0101
Approximately 2.7 acres with former ECOLE-SAINTEMARGUERITE-BOURGEOYS SCHOOL building on Huron Street for sale. Located in an older residential area of North Woodstock. This property could be developed for a variety of uses.
FOR LEASE FOR LEASE 1600 square feet available for lease in commercial industrial building on Parkinson Road near 401 and 403 access. M1 Zoning with a variety of other businesses in this building, bring your ideas and see how you can fit in here among new manufacturing and service plants. Lease at $6.00/sqft. basic rent plus $2.70/sqft for common costs, realty taxes, building insurance and common maintenance.
2037 SQUARE FEET OF COMMERCIAL SPACE prime location on Woodstock east end. This unit fronts on to high traffic location at corner of Dundas and Clarke Streets. Between National Pasta and Barburrito. Other tenants include Drivers and Vehicle Licence office. City Financial, Chiba Sushi and Papa John's Restaurants. C4-26 zoning allows many applications including retail, office, schools and restaurants. Lease hold improvements. For further information contact Listing Agents.
Please say you saw it in The Commercial Investor
0915_DJW_3_0104
478 DUNDAS STREET, WOODSTOCK 478 DUNDAS STREET, WOODSTOCK MLS 74397 Excellent downtown core location, close to Museum, Banks & City Hall. Former Little Theatre storage space. Wide open space with 10 foot ceiling and full basement for storage. Come have a look and present your ideas to the Landlord for approval. Entrance from Market square. 2500 sq ft.
Price – $4.00 Sqft. basic rent $605.00/Month common AREA COSTS
Vol
Volume 15 Issue 02
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Commercial Real Estate & Business Opportunities
Mike Revell
519-534-1391 1-800-265-5687
BROKER
Bruce Revell
BROKER OF RECORD
DEVELOPMENT POTENTIAL Southwest Ontario
11287195_0915
11294954_0915
Revell Real Estate Ltd. Brokerage
Great development opportunity at Lakewood. On the Bruce Peninsula, located close to both the shores of Georgian Bay and Lake Huron. Offered for sale is Phase 2 of the Lakewood development, which has an approved draft plan for 10 waterfront lots, and 86 treed lots. The Bruce Peninsula has been a recreational and retirement hot spot for generations, and this trend continues. Part of the Niagara Escarpment World Biosphere Reserve, the peninsula has the largest remaining area of forest and natural habitat in Southern Ontario. Call today for furhter information. 0915_DJW_0060 0915_DJW_0061
www.revellrealestateltd.com 11264376_0915
RENATE SIEBER-SCHLEGEL
Broker of Record Cell:519-531-1177
Land Exchange Ltd. Brokerage Independently Owned and Operated
www.remaxlandexchange.ca
Commercial/Residential on Hwy 21 in Goderich across from Suncoast Mall and Industrial Park. Environmental Study available.
0915_DJW_0094
DEVELOPMENT LAND!!!
Income property - next to "The Square" in Goderich. Newer building with 3 commercial units, net lease; 2 - 3 bedroom apartments, net lease. Fully rented.
PRIME COMMERCIAL DEVELOPMENT LIST PRICE: $385,000 / $525,000
ATTENTION INVESTORS! LIST PRICE: $640,000
LIST PRICE: $1,900,000
PRIME 48 ACRE DEVELOPMENT SITE
Office: 519-357-3332
0915_DJW_8095
LIST PRICE: $325,000
37.85 Acres of Vacant Land zoned "FUTURE DEVELOPMENT". Great development opportunity Residential / Commercial / Industrial Land. Farm a portion approx. 30 acres workable. 0915_DJW_0098
In Wingham. Multi Residential zoning for up to 23 dwelling units.
0915_DJW_0099
Please say you saw it in The Commercial Investor
In the centre of Wingham. Highway commecial zoning; call Listing Agent for full information package. 0915_DJW_0096
PRIME COMMERCIAL 1.6 ACRE DEVELOPMENT SITE
ESTABLISHED TURNKEY OPERATION LIST PRICE: $199,900
262 Josephine St., Wingham
LIST PRICE: $450,000
e 02
Busy well established turnkey operation on a busy truck route, including restaurant (Seats 59), convenience store and gas station. Buidling was recently renovated (2012-2013) and sits on a large 3+ acre lot. Environmental study available. 0915_DJW_0100
Vol
HAMILTON
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
HAMILTON SECTION COVERING:
Grimsby Hamilton Haldimand Stoney Ancaster Caledonia Cayuga Creek Dundas Dunnville
For advertising
contact Doreen Wills Tel: 1-800-268-0077 or 905-570-9283
doreen.wills@wall2wallmedia.com thecommercialinvestor@wall2wallmedia.com
21
Commercial Real Estate & Business Opportunities
Fruitland Crossing
Fletcher Square
0915_DJW_0057
0915_DJW_0056
image • Located at the corner of Fruitland Road and Barton Street in Stoney Creek • Gateway to pending residential development in lower Stoney Creek / Winona • High exposure as a result of direct access to QEW via Fruitland Road • Anchored by Tim Hortons, Esso & medical clinic • Flexible unit sizes from 1,053 to 5,800 sq ft • Newly built modern plaza with prestigious design and ample parking • Tenant use protected by landlord • Corner unit fronting on Barton Street currently available Cell:
Hazhir Zandi
Office Tel: Office Fax:
COMMERCIAL LEASING MANAGER
Email:
• Located at the corner of Rymal Road East and Fletcher Road on Hamilton mountain • Gateway to expanding residential development on Hamilton mountain • High exposure as a result of nearby access to the Red Hill and the Linc • Anchored by medical clinic and 5,000 sq ft daycare • Flexible unit sizes from 1,226 to 5,322 sq ft • Newly built modern plaza with presitigious design and ample parking • Tenant use protected by landlord • Corner unit available with possibility of patio
(905) 570-4449 (905) 664-2623 (905) 662-8401 hazhir@multi-area.com
*broker protected
EXCLUSIVE RETAIL/PROFESSIONAL OFFICES LEASING OPPORTUNITY
11294952_0915
ADAM DEARBORN Sales Representative
(905)
401-1331
www.RockAdvisors.ca | adearborn@rockadvisors.ca Twitter - @AptExpertHamNia APARTMENT BUILDING EXPERT - HAMILTON TO NIAGARA EXCLUSIVE LISTING 34 UNITS
SOLD IN 3 WEEKS - EXCLUSIVE
SOLD IN 2 WEEKS
Hamilton Mountain Location Concrete Building, 34 units, capital improvements have been done, large upside in the rents. Highly sought after rental area with rents well below market value.
17 units. Buyers are desperate for similar property in Hamilton. Call for a free opinion of value on your property.
EXCLUSIVE OFF MARKET OPPORTUNITY St. Catharines 18 concrete units in a desirable area. Building is in great condition, renovated units low maintenance costs. Offered at a 6.2% cap rate. 9 UNITS $849,900
Mohawk Rd. East Hamilton
King St. East Hamilton
12 UNITS $749,900
Concrete building, fire retrofit completed, 6 two bedrooms, 2 one bedrooms, 1 bachelor, numerous upgrades since 2012.
East St. St. Catharines
0915_DJW_0052
0915_DJW_0054
First Avenue Niagara Falls
Two neighbouring properties being sold together (8 unit & 4 unit buildings). Great value and return for your dollar with these properties. Cap rate 6.5%, $62K per unit. Separate hydro meters, updated boiler and shingles. 5 two bedrooms and 7 one bedroom units. Located across the street from 0915_DJW_0055 a church and school.
0915_DJW_0053
WANTED I have buyers for apartment buildings in both Hamilton and Niagara area. Call to get your property SOLD!
Please visit www.RockAdvisors.ca for complete marketing and financial packages on each property Please say you saw it in The Commercial Investor
11 units. Low interest rates mean buyers are willing to pay higher prices for your property. Properties in need of updating are in high demand! Call me today for a free evaluation.
Hamilton
Volume 15 Issue 02
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Commercial Real Estate & Business Opportunities
Volume 15 Issue 02
11294991_0915
Hamilton
inthenews
Small business weighs in on federal budget
T
he Canadian Federation of Independent Business (CFIB) released its pre-budget submission recently, outlining specific measures that will allow Canadian small- and medium-sized businesses to thrive in a time of economic uncertainty.
•
Simplify Lifetime Capital Gains Exemption (LCGE) and expand it;
•
Reform public sector wages, benefits and pensions; and
•
Address labour shortages and improve workplace training.
After meeting with federal Finance Minister Joe Oliver to discuss its recommendations, CFIB is calling on the federal government to implement these seven key measures in the 2015 federal budget:
The pre-budget submission is based on priorities identified by CFIB members and should be instructive for federal parties as they prepare their economic platforms for the coming election.
•
Reduce the small business corporate tax rate from 11 to 9 per cent;
•
Reduce payroll taxes (e.g., lower EI rates, no increase on CPP/QPP premiums);
•
Reduce red tape (e.g., set a 20 per cent red tape reduction target from baseline over three years);
“Parties of all political stripes are well-served when they advocate policies that support the crucial role that smalland medium-sized businesses play in Canada’s economy,” said Dan Kelly, president of CFIB.“As the employers of nearly 10 million Canadians, small business priorities should be Canada’s priorities.”
•
Simplify small businesses’ dealings with the Canada Revenue Agency;
CFIB is Canada’s largest association of small- and mediumsized businesses with 109,000 members across every sector and region.
Please say you saw it in The Commercial Investor
022 HALF - news - small business weighs in on fed budget.indd 1
2015-02-26 12:45 PM
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Volume 15 Issue 02
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Commercial Real Estate & Business Opportunities
INVESTPRO REALTY LTD.,
VMYSL
BROKERAGE
Specializing in Multi-Residential Listing and Sales
Dino Nicosia, Broker of Record
“Your Investment Partner for Life”
Kandy Thompson,
Sales Representative
Direct: 289-244-5627 Email: kandy@investprorealty.com
Direct: 905-870-5852 Email: dino@investprorealty.com
3 COMMERCIAL AND 16 RESIDENTIAL E M SODES S ED RA NE UPG
SOLD AL N DITIO N O C
GREAT UPSIDE OPPORTUNITY
ED AT ON V I NO NS RE MA
East Hamilton near Ottawa St. shopping district. Arrange own financing. VTB Second mtg. Priced for quick Sale. Visit our website for details.
12 UNITS, HAMILTON
Great condition and location. Renovated, spotless building. Never any vacancy. Safe investment. Visit our website for details.
4114_DJW_1_0059
4114_DJW_1_0054
WHY LEASE? OFFICE BUILDING FOR SALE
11 UNITS, DESIRABLE EAST HAMILTON
Near Gage Park and the Red Hill Express. Great condition. Rents are low with huge upside. It could be purchased with the 10 units. For more details and financials visit our website.
Prime downtown location for your new office. Walk to GO station. Naturally bright, fully updated & renovated. For more details visit our website. Visit our website for more information. 0915_DJW_0058
0515_DJW_0095
24 UNITS, LONDON
10 UNITS, DESIRABLE EAST HAMILTON T LD EN SOSTM VE IN
Near Gage Park and the Red Hill Express. Great condition. Rents are low with huge upside. It could be purchased with the 11 units. Room to add another unit. For more details and financials visit our website.
Rents below market. Shows well. Great upside. Visit our website for more information. 0515_DJW_0096
4114_DJW_2_0071
7 UNITS IN STONEY CREEK
8 CONDO TOWNHOUSE COMPLEX, EAST HAMILTON W NE
PR
I
RE RA D A FIN
CE
Good condition and location. Rents below market for the area. For more details visit our web site.
Large lot with garage. Most units renovated with private decks. Fantastic income. For more details visit our website.
4114_DJW_2_0112
“Ready to invest?...you deserve the best” Please say you saw it in The Commercial Investor
4114_DJW_1_0060
Hamilton
www.investprorealty.com 9558936_0915
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Commercial Real Estate & Business Opportunities
Volume 15 Issue 02
MAKING AN OFFER TO PURCHASE ON INVESTMENT PROPERTIES. 8171452_0915
Dino Nicosia, Broker of Record - Investpro Realty and Appraisal Ltd., Brokerage
Hamilton
S
o you have decided to invest in real estate and have found the property just right for you. You are now ready to take the next step by submitting an offer to purchase.
Should a few tenants refuse to sign the acknowledgement, then a Declaration signed by the Seller would be a good substitute.
Z T c u m th
• • • • • •
Consider that when you are buying a home you are basically buying bricks, mortar and land. However, when buying an investment property, in addition to the bricks you are also buying rental income and are assuming tenants. Along with tenants comes all the rules, regulations and laws that accompany them. There are many extensive regulations and by-laws such as Fire, Zoning, Health and Safety issues and so on.
TENANTS Your offer should request signed Tenant Acknowledgments on or before closing date, whereby a tenant confirms in writing the following: • Monthly rent, • Rental deposit paid and when, • Move-in date, • Whether any appliance is owned by the tenant, • Whether any utilities are paid by the tenants, • If there are any ongoing Landlord and Tenant disputes • Date of last rent increase • Any interest paid on the rent deposit
o c
R T a •
However, before you proceed with making the offer, ensure that an experienced realtor or lawyer who is familiar with investment properties represents you.
Your offer must have the appropriate clauses and conditions to address all of the above-mentioned rules and regulations.
Vol
•
EQUIPMENT AND SUPPLIES Other information that the offer must contain is confirmation of all equipment and chattels that belong to the property are included in the purchase price (i.e. lawn equipment, vacuum cleaners, appliances, snow blowers, cleaning and hardware supplies, etc.). RENTAL EQUIPMENT Ask for a list of rental equipment that comes with the property and a copy of the contract, if to be assumed. Sometimes laundry machines, hot water tanks and even boilers may be on a rental contract. FIRE CODE REGULATIONS The offer should require that the Seller provide a “Letter of Compliance” from the Fire Department confirming the Fire retrofit was completed and is in compliance. It is highly recommend that the
Please say you saw it in The Commercial Investor
IN C p e c c a a re fr
IN W s e a in o th B
Volume 15 Issue 02
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Commercial Real Estate & Business Opportunities
offer requests a copy of the annual fire inspection certificates, completed by a qualified technician. ZONING REGULATIONS The offer should request that the Seller provide a copy of a Zoning Certificate which verifies that all units in the property are self contained, legal and meet the zoning bylaws. Also ask for confirmation that no outstanding work orders exist. REQUISITIONS The offer should also be conditional upon receiving a copy of the following: • All existing contracts, warranties and invoices for recent capital expenditures, • Utility bills for at least 2 years, • Financial statements for at least 2 years, • Existing survey, • Insurance policy, • Current detailed rent roll, • All inspection reports in Owner’s possession (i.e. Structural, Environmental, Appraisal etc.), • Any Rent Review Order available INSPECTION CLAUSE Consider including a clause allowing for a full property inspection including all units; this is an escape clause terminating the offer if you are not completely satisfied with the said inspection. This condition should be for the benefit of the buyer, and must contain the wording “at your sole and absolute discretion”. This means that, if for any reason you don’t like what you see, you can walk from the offer without providing any grounds. INSURANCE CLAUSE With today’s strict rules and regulations some properties may not be insurable due to environmental or electrical issues, etc. If there are issues, the insurance company may reject to insure or charge a premium. For these reasons, the offer must contain a conditional clause allowing the buyer to obtain satisfactory insurance at the Buyer’s discretion.
FINANCING CLAUSE Unlike residential purchases, the conditional period for arranging financing should be extended (15 to 30 business days). Reason being, commercial lenders will likely request an appraisal, environmental and/or structural studies before final approval. If you plan to go with a CMHC insured mortgage, be prepared to extend this clause for a much longer period. This condition should be for the benefit of the buyer, and must contain the wording “at your sole and absolute discretion”. This means that, if for any reason you don’t like the mortgage proposal(s), you can terminate the offer from the offer without providing any grounds. Failure to address any of the above matters may result in unnecessary grief, potential lawsuits and the possibility of paying too much for the property. SELLER WARRANTIES The offer should contain a clause where the Seller warrants and represents items such as but not limited to the following; 1. That all devices, equipment and/or other fixtures will be in working order on date of closing. 2. That the Seller is not aware of any structural defects, hidden damage caused by water seepage or flooding. 3. That all rents as they now stand are in accordance with the RESIDENTIAL TENANCIES ACT 2006, All of which the warranty shall not merge but survive closing; ENVIRONMENTAL Today more than ever, this is a major issue for lenders and buyers. A clause must be inserted that allows the Seller to disclose and warrant that “there is not in, on, under or about the Property any toxic or hazards substances. “ Confirm and ask for warranty that there are no hidden underground oil tanks. Not all issues are covered in this article. For more information on Commercial Offers and related Schedules, contact the writer. Consulting fee applies. 8171394_0915
Please say you saw it in The Commercial Investor
Hamilton
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Volume 15 Issue 02
Commercial Real Estate & Business Opportunities 860 Queenston Road, Stoney Creek
Sales Representative ESCARPEMENT REALTY INC., Brokerage Independently Owned and Operated 860, Queenston Rd., Suite A Stoney Creek, ON L8G-4A8
10216886_0915
Escarpment Realty Inc., Brokerage
MIRJANA STANIC
INDEPENDENTLY OWNED AND OPERATED
Frank Angelone
905-545-1188 mstanic@rmxemail.com www.houseplus.com
Sales Representative
(905)
545-1188 567-6257
1-800-
Get the POWER OF EXPERIENCE working for you More Exposure • More Market Knowledge For information email: • More Expertise • More Satisfied Customers fangelone@rmxemail.com •
Toll Free: 1800-567-6257 11294951_0915
DOWNTOWN STONEY CREEK FOR SALE $495,000
Hamilton
OVER 7% CAP
$279,900
Well maintained building with 4 units: 3 commercial and 1 large 2-bedroom apartment plus a high basement. Excellent income. Loads of improvements. Please call Frank Angelone @ 905-545-1188 or 1-800-567-6257.
Excellent property in great high traffic location. Two storey freehold building with commercial and residential unit. Renovation recently completed for both units including new roof, furnace, A/C, plumbing, electrical, windows, doors, kitchen, bathrooms & much more. Must be seen. All services are separate for each unit. Hydro, water, A/C and gas. Price to sell.
4514_DJW_0004
0915_DJW_0050
H
A
M
I
L
T
O
N 11292930_0915
Mazhar Roshan Sales Representative
905.929.9800
Direct
905.318.3800 24 Hr. Pager 647.609.9463 GTA Direct mazharroshan@sympatico.ca GREAT BURLINGTON LOCATION - $114,900
BROKERAGE
I have qualified buyers for up to $5m in commercial and investment buyers. Call for details.
RETAIL STONEY CREEK MOUNTAIN
DOWNTOWN - HAMILTON $1,500,000
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.
Location location location, property in downtown core Hamilton. Currently use as a worship place. Buyer to do due diligence regarding future use and property taxes. For more information and details call Mazhar.
4914_DJW_2_0024
4914_DJW_2_0018
D TE VA R TI LLE O M SE
price reduced Restaurant/Bar/Poolhall business, runs on short hours Monday-Saturday, 15,000 sq ft facilitiy with very reasonable rent and long lease, hands-on entrepreneur needed, lots of potential, showings after 2 pm. 4914_DJW_1_6000
BUSINESS FOR SALE Well Established restaurant. short hours 8:00 am to 4:00 pm. Doing very well in sales. Real Money Making Business. Lots of potential. Good for family or business minded person. Serious buyers call for detail. UPPER JAMES HAMILTON Great location of long established Quizno Subs doing around 400K sales yearly. Long lease and very reasonable rent. Good for family operation.
BUSINESS OPPURTUNITY If you are looking to open a nail and massage spa, I have an oppurtunity to takeover an existing business that would cost less than to open a new business! Nice set up. All equipment included. Call for details.
HIGH VOLUME CONVENIENCE STORE Doing approx.. $1M in sales per year. Lottery income extra. Reasonable rent. Long lease. A money Maker! Great family operation. East Hamilton location
CONVENIENCE STORE AVAILABLE Doing $12,000. Per Week. Prime Location. Call Mazhar for more details.
“My Business is to Sell Your Business”
Please say you saw it in The Commercial Investor
Vol
Volume 15 Issue 02
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Commercial Real Estate & Business Opportunities
RE/MAX Escarpment Realty Inc Brokerage
8171399_0915
112 RAMSEY ROAD, DUNNVILLE $339,900
420 WESTBROOK ROAD, GLANBROOK $949,000
Mod former woodworking factory w/MG zoning (sev. permitted uses) in Dunnville’s ind. core. Orig. 3344 sq bldng + 5760 sq add. - 1994 frnt showroom w/offices & bathrms, 27’ free span ceilings, 8’ conc. flrs, 16’x14’ ovrhd drs, 400-600/3ph power, mun. water/sewers, lrg lot/compound, poss. 5000 sf expansion-90 mins S. Toronto.
Rare 10ac prop-incs 1.6ac leg. non-conf. comm. parcel frntng on Hwy 20+Westbrook10/15mns E/Hamilton. Incs 3000sf free-span retail bldng (1993) w/12’+16’ clngs, conc flr, 200 amp w/phase converter, sec. syt, 2 bathrms, well, septic & lrg prkng lot. Plus cust. home/2 wrkshps on remaining acreage - nat. seperated. Live/Work at Home...
0515_DJW_0109
4914_DJW_0048
12 MAIN STREET N, HAGERSVILLE $299,900
120 MOHAWK POINT LANE, DUNNVILLE $799,000 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. 4514_DJW_2_0074
ATTENTION ALL FOOD RELATED ENTREPENEURS - Profitable turn-key business in downtown Hagersville ftrs well maintained 2 storey bldg w/2x1 bdrm UL units (rented) & 28 yrs + est vibrant sub/restaurant w/ steady clientele. Offers ex. visual exposure/hi-volume of vehicle/pedestrian traffic. All equip. inc. P&L avail.
0515_DJW_0110
4514_DJW_0042
113 MAIN STREET, JARVIS $289,000
99 MAIN STREET N, HAGERSVILLE Rare 4.19 ac multi-purp. prop. in Hagersville N. limits - 20/30 mns S/Hamilton, 403, Frnt 2.15 ac incs renoed vintage 1.5 stry home (circa-1900) oozing w/charm. Ftrs orig. hrdwd. nat. stone FP, lrg fam. rm. poss. in-law, 24x24 garage-13. Rear 2.03 ac-zoned D-Development borders new subdivision. Maj. value in land! Investor Dream Property! 0915_DJW_0022
0915_DJW_0023
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.
14 ROBINSON STREET, SIMCOE $169,500 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. 0515_DJW_0033
2031 MAIN STREET N, JARVIS $147,500 Afford ext renoed 1.5 stry home w/det garage +300sf comm storefront w/2pc bath & sep meters. LR w/n/g FP, MF laund & bdrm, 2 UL bdrms, dinrm w/patio dr WO, kitch w new cabinets/cntrtps -11, part bsmt, roof/eaves/soffit -12, windows -11, hrdwd/laminate -11, trim/baseboard -11, light/plumbing fixt -11, fresh paint/decor, conc drive, fenced yard. 0515_DJW_0032
Please say you saw it in The Commercial Investor
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. 4514_DJW_1_0007
Hamilton
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Volume 15 Issue 02
Commercial Real Estate & Business Opportunities
11294087_0915
Larry Szpirglas BROKER
Located in the heart of the downtown core in prominent office tower at the corner of King and James St. Close to all amenities and City Hall, financial institutions, Government offices, shopping, public transportation, easy access to QEW. Property is well maintained and updated with improvements including elevators (2012), roof (2010), window caulking (2011) and ongoing energy conservation programs. Many prestigious tenants in the building. After hours access to building.
N EW $9 PR S 89 IC AL ,5 E E 00
Hamilton
PRIME OFFICE SPACE Located in the heart of the downtown core in prominent office tower at the corner of King and James St.
0915_DJW_1_0041
0915_DJW_1_0040
SQ $9.5 .F 0 T. PE +T R M I
FOR SALE OR LEASE
0915_DJW_1_0013
0915_DJW_1_0012
Tel: 905.648.4451 Email: larryszpirglas@royallepage.ca
INDUSTRIAL WAREHOUSING/ MANUFACTURING SPACE IN STONEY CREEK
NEW SALE PRICE $989,500 or FOR LEASE $4.75 PER SQ. FT. Excellent well maintained industrial warehousing/manufacturing space in Stoney Creek. High traffic location with great exposure. Close to QEW, Red Hill Parkway and Lincoln Alexander Expressway. Three loading areas and one loading dock, dock leveler and upgraded electrical. Two office spaces at front of building. Plenty of parking on site. Tenant pays occupancy cost, property taxes and insurance.
businesssavvy
T
Safety is your business
he Canadian Federation of Independent Business (CFIB) released its pre-budget submission recently, outlining specific measures that will allow Canadian small- and medium-sized businesses to thrive in a time of economic uncertainty.
• Having the necessary first aid equipment available and ensuring that your employees know how to use it. Training should be provided by qualified first aid organizations;
Did you know, for example, that your employees have the right to refuse to report to work if they fear work conditions are unsafe. And, some clients may choose not to do business with you until they see proof that you have a ‘workplace safety policy’ in effect.
Workplace health and safety matters to everyone, therefore implementing a health and safety program should be considered for most workplaces. The size, the types of potential hazards, and the nature of your business will determine the type of program you require.
Creating a health and safety policy that outlines employers and employee responsibilities will help you identify hazards, reduce or eliminate the risk for workplace injuries, and meet health and safety regulations. Today is the day to ensure safety in your company by:
Take advantage of free information and resources related to health and safety plans, business planning and an array of other business topics by contacting Canada Business Ontario (CBO) at 1-888-576-4444 / TTY1-800-457-8466 or online at canadabusiness.gc.ca.
• Setting out clear health and safety policies;
CBO is a service provided through the Federal Economic Development Agency for Southern Ontario. Further information on related programs and services is available online at FedDevOntario.gc.ca, by phone toll free at 1-866-593-5505, and by email, info@FedDevOntario.gc.ca. -NC
• Ensuring that your employees read and understand the health and safety policies; • Addressing all of your employees’ health and safety questions promptly;
• Recording and investigating accidents that occur in the workplace.
Please say you saw it in The Commercial Investor
028 HALF - business savvy - workplace safety.indd 1
2015-02-26 12:45 PM
Vol
26 12:45 PM
Volume 15 Issue 02
29
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 Office: 905-522-6001
HAMILTON INCOME PROPERTIES HAMILTON CENTRE - COMMERCIAL/ RESIDENTIAL BLDG.
$1,295,000
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 3714_DJW_2_0084 SIZE: 107.3 FT X 158 FT.
NEXT TO HARVEY'S/ ACROSS FROM CENTRE MALL
S
$894,000
HAMILTON DOWNTOWN DEVELOPMENT SITE
3714_DJW_1_7005
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.
SOUTHWEST HAMILTON - SHARP DUPLEX
FOR LEASE - MAIN ST. Large 1st flr. Commercial space available for various uses. i.e. offices, retail, restaurant, medical offices. High visibility and traffic flow, corner property with ample parking.
SOL
D
4914_DJW_0085
WELL ESTABLISHED HAMILTON BAKERY (BUSINESS AND REAL ESTATE)
$575,000
FOR LEASE JAMES ST N ART DISTRICT
3714_DJW_2_0078
SOL
D
COMING SOON DUPLEX CENTRAL HAMILTON 4914_DJW_0052
$184,900
$479,900 NEWLY LISTED!!! 1 & 2 bdrm units. Close to downtown and trendy Locke St. business district area. Major improvements, newer i.e. boiler, AC units, bathrooms, kitchens. Currently occupied by excellent tenants. Separate hydro meters. Rear parking plus single car garage.
3714_DJW_0059
In operations for over 60 yrs presently known as Gibson Bakery, fully equipped distributing to major retailers. Opportunity for new entrepreneur to take business to a new higher level. Close to Sherman Ave N and Barton St. The once "Little Italy" of Hamilton now enjoying new Renaissance of new business and development. Price includes business, equipment & real estate. Owner occupied 3 BR house. Approx. 5,000 sq. ft. Turn key operation.
LARGE DUPLEX NEAR OTTAWA ST.
$895,000
11 unit apt. building (6-2BR, 5-1BR) in trendy South Central location, walking distance to downtown, shopping, parks. Many upgrades: 2 new boilers ‘02, newer commercial water heater, thermo windows, newer roof steel overhang, new roof in 2014 separate hydro meters. Tenants pay hydro. All rents currently charged below market value by $100 to $150 per month 3714_DJW_1_0042 approximately.
3714_DJW_1_0083
Great opportunity for owner/ user. Approx. 4,000 sq. ft. on 2 floors directly across Centre Mall - Box Stores, adjacent to Harvey's. Opportunity for various uses, restaurants, Medical offices etc. Ample parking approx. 34 cars. High traffic flow.
OLD
HAMILTON CENTRE 11 UNIT APT. BLDG.
$1,295,000
Large 1st floor space available for a variety of uses among restaurants, bars, galleries, in the Heart of Jamesville Art Scene, Approx 3,000 SF plus high basement. 4914_DJW_0086
$299,900
HAMILTON CENTRE TRIPLEX
LEGAL 2 FAMILY!!! Investor alert, 2 fresh units in this cozy 1 1/2 storey property close to Ottawa Street and the market and big box stores. Main floor is a 2 bedroom unit with door to back yard and 2 car garage. Upper unit has a large bright kitchen and nice size bedroom and living room.
Sharp triplex close to downtown and James St. North Art District. Excellent location. Lots of improvements. Updated kitchens and baths. 1st FLR 1 BR and large 4 BR Upper unit. LOT SIZE: 22.08 FT x 66.06 FT. Potential Gross Annual Income : Approx. $32,000. Good rental area.
4914_DJW_0053
Please say you saw it in The Commercial Investor
Hamilton
Cell:
8471320_0915
e 02
30
Volume 15 Issue 02
11273535_0915
Commercial Real Estate & Business Opportunities
AL IS YOUR #1 CHOICE!
SEARCH FOR AL ON
FOR SELLERS & BUYERS SEARCH ONLINE @ REALTOR.CA OR GET THE APP! (FOR SMARTPHONES)
FOLLOW US ON FIND US ON
TOLL FREE
www.alcosentino.com
Sales Representative
ESCARPMENT REALTY INC. BROKERAGE
DIRECT LINE
Guaranteed Selling System
Al Cosentino
INDEPENDENTLY OWNED & OPERATED
EAST HAMILTON
SMITHVILLE AREA
905-570-9997
1-855-570-9997 al@alcosentino.com
VINELAND (WINE COUNTRY) 4 to choose from country residential building lot with hydro, natural gas, sewers. Taste of fresh air. Ideal for small builder or build your home. Al is your #1 choice!
“AMAZING COMMERCIAL OPPORTUNITY” Hamilton
SOLD TO N OUT OF TOOW INVEST R
Approx. 5,000 sq ft + 5,000 sq ft bsmt. 10,000 sq ft of retail space on 210 x 365. High traffic location. Ample parking. Excellent condition. Store front. Lots of opportunities. Al is your #1 choice!
“AMAZING NEW WORK PLACE”
649,997
$
OR BEST OFFER 0915_DJW_0030
EAST HAMILTON
EAST MOUNTAIN
“AMAZING UNIQUE SETUP”
84,997
$
OR BEST OFFER
FINANCING AVAILABLE
“AMAZING AFFORDABLE LOT”
4114_DJW_0047
CENTRAL EAST HAMILTON “AMAZING INCOME PROPERTY”
SOLD R TO INVESTO
149,997
STARTING
219,997
$
Over 4000 sqft of space. Great for storage or working area and office above. Approx 2300 sqft of warehouse garage, 12 ft door. “K” industrial zoning. Al is your #1 choice!
4914_DJW_0035
ANCASTER/COPETOWN “AMAZING 1 ACRE, SCHOOL HOUSE & HOME”
$
OR MAKE AN OFFER
Perfect for manufacturing & trades. 1 stry. Rear office building w/bath. Approx 1000 sqft quonset metal storage/working building + carport storage. ‚“K” industrial. Al is your #1 choice!
0515_DJW_0060
“AMAZING CORNER FOR PROJECT”
499,997
$
Corner exposure high traffic OR TRADE/ used as car lot or for many other CASH uses. Zoned “H” Commercial 145 x 100 development project. Ask for Al’s online marketing today. 2514_DJW_2_0066
189,997
$
OR MAKE AN Used as 3 residential units. 2.5 OFFER
stry brick. Newly finished in-law suite (vacant). 200 amp breaker, newer windows, approx 6 yr gas furnace. Rear fire escape. Tim Hortons/Bakery just a walk away! “Al is your #1 choice.” 3314_DJW_0045
444,997
$
OR MAKE AN OFFER Old school house 1887 w/steel
roof, w/many options. Updated & upgraded 4 lvl side split w/ 2 car garage. Lots of open space, country living & lots of parking. Al is your #1 choice!
0515_DJW_0061
ASK FOR AL’S GUARANTEED SELLING SYSTEM, SOLD WITHIN 47 DAYS* OR WE BUY IT!
*CALL FOR DETAILS
William Hicks sales representative
williamjoelh@gmail.com Office: 905-335-3042 Ext 579
Burlington Golden Horseshoe
Office - Industrial - Retail
BurlOak real estate services BrOkerage INDEPENDENTLY OWNED & OPERATED BROKERAGE
OFFICE/RETAIL SPACE Very warm and inviting office space with 24/7 direct access. Located in a small busy plaza in designated growth area of Burlington. Plaza tenants include a dentist, chiropractor, government medical agency, fish market and fishing equipment outfitter. Great space for doctors office, walking clinic, accountant, professional office and retail possibilities. 1,522 sq. ft. with fresh offices and welcoming reception area. Call William for additional details. 0915_DJW_1_0023
Information provided by owner and is not warranted by Royal LePage Burloak Real Estate Services Brokerage. Subject to change without notice. 11287063_0915
Please say you saw it in The Commercial Investor
Vol
Volume 15 Issue 02
31 9742018_0915
Commercial Real Estate & Business Opportunities
Cosmo Costa SALES REPRESENTATIVE
Hamilton
13 UNIT BLDG, All Brick Constr. Newer Windows, Roof. Tenants pay hydro. Gross income of $123,000. N.O.I. $80,232. 0915_DJW_1_0140
Totally renovated large duplex unit #1 has 3 bdrs, family room, eatin, 4 pc bathrm, basement. Unit #2 consists of large kit, famrm, 3 pc bathrm, bedrm, totally private entry.
0915_DJW_1_0155
Your Investment Property Specialist
STATE REALTY BROKERAGE 0915_DJW_1_0108
CENTRALLY LOCATED 10 UNIT All Brick Constr. BLDG consisting of 6-1BR, 3-2BR & 1 Bachelor. Some parking, separate meters. Gross income $69,060. N.O.I $52,669
Centrally located 15 unit apartment bldg. All brick construction. Newer roof, windows. Tenants pay hydro. Gross income $135,598. N.O.I. $91,621.
SELLERS WANTED! Looking for apartment buildings in Southern Ontario. From 5 units to 200+ units. Call me today to get your property SOLD!
www.cosmocosta.ca T
STATE REALTY BROKERAGE INDEPENDENTLY OWNED & OPERATED
CALL 905-662-6666 S
h e
h a r m a
T
e a m
905-662-6039 905-574-7441
Rick Sharma
info@ricksharma.com
www.thesharmateam.com
ESTABLISHED MOTEL SIMCOE
$974,900
BROKER
11294094_0915
e 02
BUSINESS HAMILTON
$95,000
Established Motel in prime area of Simcoe. 16 units + 2 storey, 4 bedrm Owner's residence/office. Sits on approx. 1.7 acre of land w/potential for 30 more units OR other commercial development. Priced at Cap rate of 8% return on investment. Seller willing to assist in Financing. For more, visit www.thesharmateam.com
Present owner/operator for past 16 years. Same business being run for past 26 years. Fantastic location on Hamilton Mountain on a very busy street with great exposure, traffic count and easy access to major Hwys. Seller retiring. Can be a great family business. For more details go to www.thesharmateam.com
0915_DJW_0095
Please say you saw it in The Commercial Investor
0915_DJW_0041
Vol
moneysense
Wait out market fluctuations
A
$10,000 investment made in the Canadian stock market in December 1992 and left in until December 31, 2013 would have netted the investor almost $49,000 at an 8.27% annual compound rate of return. And that period saw the tech bubble in 2000 and the 2008–2009 financial crisis. Here’s a comparison of that same investment over the same 21-year period, but taken off the market during the ‘good’ times:
earnings and benefits have been tempered by a drop of over 50 per cent in the price of oil since last July. And yet, here are the 2014 results of some market indexes: S&P/TSX Composite (Canadian shares): 10.55% S&P 500 in C$ (U.S. shares): 24.00% MSCI EAEO in C$ (international shares): 3.73% FTSE TMX Universal (Canadian bonds): 8.79% TRY NOT TO GET CARRIED AWAY BY MARKET FLUCTUATIONS
Off the market during the 10 best days: $26,537 in accumulated capital, $22,346 (or 46 per cent) less than the investor who stayed in the market for the duration Off the market during the 40 best days: $1,225 in lost capital, for a return of $8,775 (or - 0.65 per cent) “It pays to be patient when investing, no matter what your investor profile,” says Pierre Payeur, Senior Advisor of Strategy Support for Desjardins Group’s Wealth Management and Life and Health Insurance Executive Division.“That goes for investments in registered vehicles like an RRSP, TFSA or RESP, and for unregistered investments.” There are myriad reasons for people to want to pull out of the market for a while. The last six months alone saw some ups and downs: tension in Ukraine, escalation in Syria, resurgent violence in Iraq, economic woes in Europe, slower economic growth in China, the Ebola outbreak in West Africa and the recent drop in oil prices. All of these situations had an effect on financial markets, and came to a head in October, 2014.“We saw a significant collective drop in the stock market and a spike in the price of government bonds, which became a popular conservative investment strategy,” says Payeur. POSITIVE RETURNS NONETHELESS The market correction, however, was short-lived, and the U.S. market has rebounded to record highs since mid-November, 2014. The Canadian market was a little more sluggish than others to bounce back, due largely to the importance of the energy sector to the Canadian indexes. Forecasted oil company
032 money sense - market fluctuations.indd 1
Results as at December 31, 2013, for a $10,000 investment made December 31, 1992 (loss of capital in bold) Canadian market (S&P/TSX)
U.S. market (S&P 500)
International market (MSCI EAEO)
Return & annual compound rate
Return & annual compound rate
Return & annual compound rate
Investment maintained in the market for the duration
$48,973 or 8.27%
$46,269 or 7.96%
$25,797 or 4.85%
Investment taken off the market during the 10 best days
$26,537 or 5.00%
$23,229 or 4.30%
$ 13,343 or 1.45%
Investment taken off the market during the 20 best days
$17,721 or 2.90%
$14,067 or 1.72%
$8.585 or -0.76%
Investment taken off the market during the 30 best days
$12,215 or 1.01%
$9,155 or - 0.44%
$ 5,911 or - 2.59%
Investment taken off the market during the 40 best days
$8.775 or - 0.65%
$6,254 or - 2.32%
$ 4,260 or - 4.18%
Economic conditions can pressure investors to get out of the market so they’re not exposed to instability. However, the data in the following table demonstrates the potential for large financial swings if you do so. The numbers speak for themselves in all of the markets. When it comes to long-term investments, calm and patience is the best approach.“If you want to maximize your chances of making financial plans a reality, stay focused on the long term and don’t get distracted by ups and downs in the market,” says Payeur. Desjardins Group is the leading cooperative financial group in Canada and the fifth largest cooperative financial group in the world with assets close to $227 billion. It has been rated one of Canada’s top 100 employers by Mediacorp Canada. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. The group has one of the highest capital ratios and credit ratings in the industry. In 2014, Desjardins was named the fourth safest bank in North America by Global Finance magazine and the second strongest bank in the world by Bloomberg News.
2015-02-26 12:45 PM
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Commercial Real Estate & Business Opportunities
8181662_0915
Ramzi Twal Sales Representative
PINNACLE REAL ESTATE BROKERAGE Each Office is Independantly Owned and Operated
905.388.1110 / 1.877.938.1110
ramzi@ramzitwal.com | www.ramzitwal.com 775 Upper Wentworth St. Hamilton ON
FOR LEASE 1,750 Approx square foot commercial space on Upper James in Hamilton Mountain suitable for Medical use, office or retail. • Great exposure and location. $24,000 per year plus applicable taxes. •
PARTY SUPPLIES STORE (OAKVILLE)
10339498_0915
28 years in same location. Turn key operation. Good lease in place. Training for 2 weeks. Price includes stock at cost, min. $50,000 in stock. All party basics: paper plates, streamers, balloons to wigs & costumes. Steady stream of clients for every conceivable occasion. Please don't go direct. MLS H3144195 4514_DJW_0112
For
Further inFormation:
John hryczynski Broker
(905) email:
REAL ESTATE BROKERAGE CommerCial
John@BBsrealty.com
www.BBsrealty.com
commercial real estate
real estate sales and leasing serviCes BUILDING & BUSINESS FOR SALE
0915_DJW_1_0067
0915_DJW_0081
MIXED USE/CONDO DEVELOPMENT SITE
529-5900 x 240
Downtown Hamilton District
A well established popular restaurant & building with 2 commercial units & renovate vacant 2nd & 3rd floor to residential units. Excellent exposure and corner location with patio in the heart of the resurging International Village district. Ideal for a future commercial & residential redevelopment site. Seller may lease back & possible VTB. Asking $1,099,000
PRIME WEST HAMILTON LOCATION A mixed use commercial residential development site on Main St. W. located between McMaster University, Hwy 403, Locke St. and downtown core. Parcel consists of existing usable buildings and a large lot, ideal for a mixed use or residential condo development. Rezoning in progress, potential for approx. 100 residential & ground floor retail condo units. Call agent for details.
PRIME DOWNTOWN HAMILTON LOCATION Hamilton's landmark building consisting of 220 Residential units and 70,000 sq. ft. of Offices and Retail space w/underground & convenient adjoining surface parking. Walking distance to the GO Station, court houses and most other downtown core amenities and services. Prime corner location, ground floor Retail/Office Units: 2,006 sf & 2,604 sf (divisible), asking $14.95/sf GROSS, economically priced! Immediate possession.
RESTAURANT BUSINESSES & BUILDING FOR SALE
BUSINESS FOR SALE
RETAIL FOR LEASE
RETAIL/OFFICE FOR LEASE
Downtown International Village Location
0915_DJW_2_0089
0915_DJW_2_0066
0915_DJW_0082
A turned keyed Korean Restaurant business for sale in the heart of the growing downtown core close to the new Royal Connaught Condo Development, Columbia College, Theatre district and downtown office towers. This restaurant is in immaculate condition, Imediate possession, reduced to sell at $349,900.
HAMILTON'S LOCKE STREET BUSINESS DISTRICT Outstanding opportunity to purchase this turnkey popular Tea & Yogurt business. Owners spent over $250,000 to renovate, equip & develop this potential franchise ready concept. Exquisite store decor. Prime Locke St. business district location, good long term lease. Possible other food items can be added with Landlord's approval. Asking only $174,900, possible Seller financing available.
HAMILTON MOUNTAIN 170 SILVERCREEK PARKWAY NORTH, GUELPH Prime Hamilton Mountain retail plaza. Excellent 9,812 sf end cap Located on a major arterial road across from Willow West Mall. unit in this busy plaza. Superior exposure to high traffic, quick Many national tenants on this power retail strip. Available: Unit access to the LINC expressway serving the greater Hamilton 2 – 2,151 sf, former variety store & Unit 6 – 3,400 sf, ideal for area. Large open retail space with warehouse and loading door. most retail/office uses, affordable rents, from $12.95 $13.95/sf Generous parking. Ideal for most retail uses. Immediate posses- net, immediate possession. Also, new retail units from 800, 1,250 – 4,555 sf, asking $13.95 to $18.95/sf net, April/May possession. sion. Asking $13.95/sf net. Loads of parking! Call agent for details.
Please say you saw it in The Commercial Investor
Hamilton
Volume 15 Issue 02
GREATER TORONTO AREA
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
GTA SECTION
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
contact Doreen Wills Tel: 1-800-268-0077 or 905-570-9283
doreen.wills@wall2wallmedia.com thecommercialinvestor@wall2wallmedia.com
tby
Keith Cumming HP(EJ).pdf
2/19/15
2:07:27 PM
11295048_0915
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Commercial Real Estate & Business Opportunities
Volume 15 Issue 02
Vol
businesssavvy
How to start a new business
I
f you have some creative ideas for a brand new business, the first step is to find reliable information so you know exactly what is involved. Here are some helpful tips to make your vision a reality:
• START WITH A BUSINESS PLAN. A good plan is crucial when starting a business. A business plan is a written account of your business idea and serves to show potential investors or lenders that your idea has the viability to succeed. It should also map out the future growth and development of your company. To complete a business plan, you need to know which regulations apply to your company. Many requirements, such as licensing, registration and tax accounts, will be based on the individual choices you make about your business type, location and structure. Be sure to have a clear understanding of what your business will do. • OBTAIN THE RIGHT INFORMATION.
samples and templates to help you develop your business plan. If you are approaching a specific bank, it would be helpful to find out if they have a preferred format. Finding reliable information involves a lot of time and research. Canada Business Ontario (CBO) can help make it easier for you. This Government of Canada service offers information on federal and provincial business programs, services and regulations – all at no charge. For example, CBO offers a free business plan guide in over 10 different languages, as well as a free secondary market research service. Take advantage of free information and resources for entrepreneurs by visiting canadabusiness. gc.ca or calling 1-888-576-4444 / TTY1-800-457-8466. This service is provided through the Federal Economic Development Agency for Southern Ontario. Further information on related programs and services is available online at FedDevOntario.gc.ca, by phone toll free at 1-866-593-5505, and by email, info@FedDevOntario.gc.ca. -NC
Organizations, such as banks and business centres, offer
Ca
Please say you saw it in The Commercial Investor
036 HALF - business savvy - new biz.indd 1
2015-02-26 12:45 PM
26 12:45 PM
Volume 15 Issue 02
37
Commercial Real Estate & Business Opportunities SELLING REAL ESTATE FOR OVER 25 YEARS
Platinum Award Winner
Bill Morrison SALES REPRESENTATIVE
Direct:
905-619-9500
Heritage Realty Inc., Brokerage Independently Owned and Operated
Toronto line: 416 798 7278
Email:
morrisonb@sutton.com
Income property on Wilson Ave. Fully leased with store and 3 apartments. Well maintained and new roof. ASKING
$758,000
Incredible investment opportunity. 2 storey retail plaza on 1.18 acres. Great mix of tenants, lots of parking on very busy road. ASKING
0915_DJW_0101
$3,390,000
$1,599,000
6 plex with TTC at the door. 4 large 2 bedrooms, 2 large 1 bedrooms with own master tank and hydro meters. 6 parking spots. Well maintained building.
ASKING
0915_DJW_0103
$2,999,999
Fantastic office building with access to fenced in parking for 10 cars. Bathurst and Queen location. Approx. 4000 sq. ft. building. Plus basement level. Why Lease? 0515_DJW_0124
AJAX Well maintained attractive building for Auto Sales on very busy location. Lots of parking, service area. Close to Hwy #401. Over 8,000 sq. ft. ASKING
$2,200,000
$1,490,000
Prime office building. Ideal for investor or user. Well maintained. Lots of parking and recently paved. 10,000 sf on 2 floors. Lot size 165’ x 264. 0915_DJW_0104
TORONTO
DOWNTOWN RICHMOND STREET
ASKING
0915_DJW_0102
AJAX
ETOBICOKE
ASKING
10527900_0915
TORONTO
TORONTO
Greater Toronto Area
e 02
3 storey office/retail on the Danforth. Fully leased corner location. Short walk to Woodbine Station. ASKING
$1,700,000
0515_DJW_0118
Money Making property on 40 acres with custom built bungalow 7000 sqft finished home. • Zoned for Golf Driving range. • Approved for 2400 sq.ft. ProShop/Restaurant. • On Busy Taunton Rd. Next to ramps for Hwy 407 which is coming soon.
Asking $3,500,000
0515_DJW_0119
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
38
Volume 15 Issue 02
Commercial Real Estate & Business Opportunities
#
Commercial Team In Canada! *
Brokerage Independently Owned And Operated ** +
**
www.PBcommercialteam.com ** Sales Person
+
Broker
TORONTO WEST APARTMENT BUILDING
HULLMARK CENTRE OFFICE SPACE C EX
LU
SI
VE
NL Y
LU
VE
PR
IN
CI
PA L
SO
C EX
SI
Attention Investors! A 96 unit, low maintenance apartment building located in a superb West Toronto location. Sitting on over 2 acres this practically runs itself and with rarely any vacancy! $13,250,000
PRIME MISSISSAUGA AUTO LOCATION
OFFICE SPACE! DON MILLS / LAWRENCE
YOUR BUSINESS HERE
Turn-key 4,354 Sq Ft automotive operation in modern high traffic Mississauga Plaza! Previous Goodyear location at busy Dundas/Mavis intersection. Beautiful exterior w/ amazing street exposure! Large reception/sales area, huge garage w/ 19+ft ceilings, large mezzanine, 3 front bay doors & 3 rear bay doors! $23.50/Sq. Ft. Net
• • • • •
Stunning 3383 Sq. Ft. office space in rarely offered, modern class ‘A’ office building at prime ‘Shops At Don Mills’ location! Current medical office w/hundreds of thousands in superb leaseholds. Can be used for any professional use; tons of windows/great views!. $18.95/Sq Ft. Net
WORLDWIDE TROPHY ASSETS!
PRINCIPALS ONLY
Downtown Manhattan skyscraper! Both comm & retail space: $975M Las Vegas, NV casino! 21 floors on approx. 37 acres $475M Brooklyn hotel, popular hotel chain, over 320 rms $169 M Las Vegas, NV hotel / casino over 3,800 rms, 80% complete $470M NY City hotel, 140 rms, 3 star asset, approx. 5% CAP $103M
www.PBcommercialteam.com | Team@PBTeam.com 5071 Highway 7 E., Markham ON L3R 1N3 *Based on Re/Max Canada commissions in 2014 1st Q
All Listings are MLS unless otherwise noted. Not intended to solicit clients already under contract.
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11276658_0915
Greater Toronto Area
Premium office space at Tridel’s new Hullmark Centre at Yonge & Sheppard! Approx. 916 gross Sq. Ft. with floor to ceiling windows overlooking Yonge St. and underground access to two subway lines! For Sale! Call for pricing!
Vol
Volume 15 Issue 02
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Commercial Real Estate & Business Opportunities
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Igor Chouminov President, Broker of Record
416.877.0326 igor@paiirealty.com
PAII REALTY INC.
Brokerage
11265283_0915
Tel: (905)795-7779, Cell: (416)823-0725 Alex. www.adamantforging.com
INVESTMENT AND DEVELOPMENT REAL ESTATE
ESTATE LOTS FOR SALE Prestigious
15 UNIT TOWNHOUSE DEVELOPMENT SITE Modern Design: 15 Unit Townhouse Site, 20 ft fronts, from 2000 to 2500 sf, 3 storey, large backyards, upscale neighborhood. Walking distance to shopping, schools, and transport. Priced at $4,000,000 4514_DJW_2_0102
60' Lots
• 6 Prestigious Estate Lots for Sale on Exclusive Street in Richmond Hill. • Lots over 60 ft frontage, with Depths of over 150 ft, Private Cul-de-sac street. • Homes in the Area selling over $2.5M to $3M++, Lot Prices Starting at $1,100,000. Please call for Details!
On Exclusive & Private Street Lot Prices Starting at
$1.1 Million Register at:
dexterdevcorp.com
ACTIVELY LOOKING FOR: COMMERCIAL AND RESIDENTIAL PROPERTY FOR DEVELOPMENT SITE PLAN APPROVED PROJECTS RETAIL PLAZAS AND OTHER INVESTMENT PROPERTIES INVESTORS FOR REAL ESTATE PROJECTS ACROSS THE GTA! Please say you saw it in The Commercial Investor
Greater Toronto Area
Metal fabrication business for sale - Railing company, over 15 years in business, one owner, located in Mississauga, close to Hwy 401. Fully equipped shop (2030 sq. feet). Very attractive rent! Good organized assembling lines for production of railings, gates, balconies, etc. Showroom, spray booth, welding machines, stock of materials, rolling/ bending machine, punch press, power hummer, gas and coal forges, plasma cut, mobile welding & much more. Also track 8' bed. Reason for sale is relocation.
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SkyViews SkyViews CONSIDERATIONS WHEN SELLING YOUR APARTMENT BUILDING When it comes to selling your apartment building, there are many things to consider. The most important, however, is which brokerage firm you will choose to represent your interests and generate the right potential buyers. The following is a general guideline for choosing the right brokerage firm for you.
your property, the right brokerage will utilize what is called “target marketing”. Having access to multiple forms of communication, your brokerage should identify the best strategy to reach all buyers in the apartment building industry directly, resulting in you getting the most efficient marketing results.
1) Go with Experience Real Estate markets change from year to year, even from month to month. When dealing with a brokerage, you need to find the delicate balance of experience coupled with the up-to-date understanding of today’s current marketplace and trends. Experience alone will fail to provide you with strategies that will apply to current trends in the industry. On the other hand, a brokerage that lacks experience will not be able to accurately predict and prepare for upcoming trends.
6) Knowing the Buyers Your ideal brokerage is connected not only to you but also to a network of current buyers. When you are ready for your property to be listed, your brokerage should already have contacts with potential buyers and know who would be the right fit for your building.
Greater Toronto Area
2) Look Out for Number One Above all else, the brokerage you choose should look after your interests and work hard knowing that they have your trust, confidence and commitment. Your brokerage should ultimately be looking to serve your needs throughout the process of selling. 3) Take the Right Approach Some brokerages focus on the approach of “Bring Me an Offer”. While multiple offers can be beneficial, finding the right buyer with the right offer is the most crucial element in working with a brokerage. A good brokerage will bring the right people to the table to help you sell your building. 4) Know Your Value Many brokerages waste valuable time and resources hoping to pinpoint the market value for your building. The right brokerage, however, will have the knowledge and experience to provide an accurate opinion of value prior to even listing your building. Knowing what your building is worth will help you get the right return on your investment. 5) Exposure is Key Marketing your property is not just a matter of using one or two forms of communication to blanket the market in hopes of finding potential buyers. To properly market
7) Real Estate Networking Along with knowledge of current buyers, a brokerage should have already established relationships with other companies in the industry - appraisers, environmental and structural inspectors, financial institutions, etc. Having an established network of industry professionals can assist you in bringing your transaction to a quicker close. 8) Beyond the Offer Many real estate transactions fail at the most crucial stage... the due diligence process. Having a brokerage that engages in a thorough due diligence process ensures that your building’s information is verified for the buyer and your transaction closes smoothly and promptly. 9) Get What You Pay For Whether you are paying a low or high commission fee to the brokerage of your choice, you need to be confident in the level of service you received. The right brokerage will be dedicated to providing the ultimate service for the commission fees you pay. The Bottom Line When all is said and done, the most important element in dealing with a brokerage is achieving top dollar for your apartment building. Finding the right brokerage -one that fulfills the above criteria - ensures that you will walk away from your transaction with the confidence that you have received exceptional service, maximum exposure, hassle-free processes, and the financial results you had planned for.
8647857_0915
SKYVIEW REALTY LTD.,Brokerage Apartment Building Sales Tel. (416) 444-6545 E-mail: info@skyviewrealty.com
Fax (416) 444-6997 Website: www.skyviewrealty.com
Please say you saw it in The Commercial Investor
R O
REALTOR
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Volume 15 Issue 02
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$7 50 ,0 00 00 ,0 00 ,0 75
www.mcdadi.ca/6990f www.mcdadi.ca/10303ck Established catering business. Strong Fitness centre franchise. Turnkey annual sales. Low expenses. Reasonable operation. State of the art equipment. rent. Turnkey operation. Busy intersection Active membership. & plaza. 0915_DJW_0008 0915_DJW_1_0021
www.mcdadi.ca/9914m Established Marble/granite sales, installation & service business. High and Skema logic cutting maching.
www.mdadi.ca/92504m www.mcdadi.ca/675045w Health & Wellness spa. Established Grocery & bakery business for sale. clientelle. Low rent & TMI $2789/ Prime location. Dense residential month. Net income ranging from 6-8K/ neighbourhood. Great potential. month. 0915_DJW_0009 0915_DJW_1_0022
0915_DJW_0006
Please say you saw it in The Commercial Investor
$4
0 00 9, $5
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$1
99
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Upscale spa. High traffic location. Over 4,000 sq ft of tranquil paradise. Permanent staff. Tons of parking.
2 S NE Q F T T
$2
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00 $3
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00 ,9 49 $3 www.mcdadi.ca/67304d Industrial unit. Double door loading bay. 20 ft ceilings. Close to the highways & steps to transit.
www.mcdadi.ca/234L Downtown Old Oakville. Busy intersection. Bar/Restaurant. Approx 3,300 sq ft. TMI incls management fees. 0915_DJW_0010
Greater Toronto Area
00
www.mcdadi.ca/1029w www.mcdadi.ca/535917t www.mcdadi.ca/516101c Established electrical supply business Prime location with easy access to all Growing franchise. Seating for 40 for sale. Lone lease available. Seller major highways. Approx. 1,900 sq ft. 2 patrons. Liquor licensed. Walking willing to train during transitional baths. Low maintenance fees. distance to the GO. period. 0915_DJW_1_0018 0915_DJW_1_0028 0915_DJW_1_0029
00
www.mcdadi.ca/83126b Newly built plaza. High volume traffic. Approx 1,350 sq ft. Fully finished. 0915_DJW_0005
$3
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90
EXCLUSIVE
$5
70
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www.mcdadi.ca/1681w www.mcdadi.ca/219L www.mcdadi.ca/1065102c Development project. Site plan & Port Credit opportunity. Main street Well established dentistry practice. architects drawings available. Close to store with 2 apartments. New roof. Corner unit. Fully equipped. Excellent the GO. Great investment opportunity. Steps to the lake, shopping & clientele. transportation. 0915_DJW_0004 0915_DJW_1_0015 0915_DJW_1_0016
Detached building in prime south Mississauga. Excellent potential for investment. Business owned and operated for 17 years. 1500 sq ft. Apartment above. Fantastic Opportunity. Act fast. Priced to Sell.
50
$9 49 ,0 00
ca/1065102c$949,000
$3
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inthenews
Morguard - 2015 real estate investment trends to watch in Eastern Canada
E
astern Canada’s commercial investment and rental property markets will continue to provide owners and investors with solid returns in 2015. Strong demand will ensure property values hold at the peak. Bidding on available product will be aggressive, given investor access to low cost debt and equity capital. Performance, measured by returns, will be attractive. Owners will focus on driving income higher to improve overall performance, as values continue to stabilize. Healthy demand will help push annual transaction volume in Eastern Canada above the long-term average of $13.3 billion. “Advancement in Eastern Canada’s commercial property rental markets will be tied to a buoyant U.S. recovery and healthy domestic demand in the coming year,” said Keith Reading, Director of Research at Morguard.“The recent downward adjustment in interest rates will encourage economic activity.” The major property market classifications are expected to register advances in 2015 – with some caution in the office sector. Development risk will remain a fixture in the office sector, with newly constructed, more efficient towers attracting tenants from existing buildings in Toronto, Montreal and Ottawa.
c b f t i
Research Report released today, Morguard Corporation (TSX: MRC) (“Morguard”), provides a detailed analysis of 2015 real estate trends to watch in Canada. The full report is available at www.morguard.com.
T p t a k I d o o r T s n
2015 Real Estate Investment Trends to Watch in Eastern Canada Core assets in Eastern Canada’s commercial property market will continue to reward owners with attractive investment performance in 2015. Recovery in Eastern Canada’s manufacturing sector in 2015, will not only support strong industrial rental market fundamentals, but also boost investment demand.
O p m S w t i m w s w p
Past performance, largely stable rental market fundamentals, and a solid retail sales forecast will continue to draw investment to established retail nodes and centres. The office sector will generate interest, despite development and a mixed demand forecast. Multi-unit residential properties will remain a preferred asset class, given a long history of stable and secure income generation. The industrial, retail and multi-unit residential sectors will post healthy income performance in 2015, in support of attractive investment returns.
F m o i n m o r d p w l d r s
By the close of 2015, the fallout from Target’s exit from Canada will have dissipated, with rental market fundamentals holding firm and healthy. Halifax’s commercial property market will receive a boost from Federal shipbuilding contracts, which will drive economic activity and demand for space.
The industrial, retail, and multi-unit residential rental markets will continue to prosper, given a slightly stronger economic growth trend.
Toronto: The nation’s largest commercial property market is poised for continued advancement in 2015, fueled by a healthy regional economic outlook. Rental markets are expected to register gains in A low Canadian dollar will drive demand for goods the coming year, given positive business and consumer outlooks. produced in Canada’s industrial heartland, supporting The U.S. economic recovery will drive increases in manufacturing strength in Toronto and Montreal’s industrial property and the wider goods production sector, which will support continued markets. industrial market outperformance. Real GDP growth of 2.8 per cent forecast for 2015 will translate a firmer job growth trend and retail Retail sales growth will support leasing activity in Eastern consumption. In turn, the retail sector will prosper. Immigration Canada’s established shopping centres and high streets, as and the high cost of owning a home will drive positive multi-unit the sector adjusts to Target’s unexpected exit. residential rental demand, against a backdrop of tight conditions. Rents are expected to continue to rise in the industrial and multi-unit In the 2015 Economic Outlook and Market Fundamentals residential sectors. In the office sector, downward pressure on rents
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could materialize, as tenants relocate to newly constructed buildings from older existing towers. Development risk should factor into office sector performance over the near-to-medium term. On aggregate however, rental market trends will drive investment performance in the coming year. The country’s largest urban centre is expected to generate positive investment market trends in 2015. In keeping with the post financial crisis phase of the cycle, returns will remain attractive having reverted to the mean. Income will be the key to upside in performance as values continue to stabilize. Investors will continue to look to Toronto as a preferred destination for investment, given the overall depth and breadth of the market. Available capital will outdistance the supply of available core assets. Despite this imbalance, activity will remain above the long-term average. In short, the Greater Toronto commercial property market will generate continued stability and health in the coming year, in keeping with the national trend. Ottawa: Ottawa’s 2015 commercial property market performance will be mostly positive, although the office market will continue to struggle to gain solid footing. Strong public sector presence and the resulting stability will justify investment in this market. Buildings with longterm government leases will attract the most attention from investors. Returns will remain attractive, with income growth making up the largest portion of 2015 results. Demand will continue to outdistance the supply of properties for sale. Property values, in keeping with the broader cycle, will continue to stabilize at the peak. Healthy investment performance will be supported by solid rental market trends. For the most part, Ottawa’s commercial property rental markets will generate positive results in 2015, despite ongoing stress in the office sector. The city’s relatively small industrial market will be stable and tight, given a lack of new development and positive demand patterns. Retail and multi-unit residential rental fundamentals will include healthy occupancy levels, peak rents, and stable demand. Leasing risk will continue to be a factor in the office market; a weak demand trend in the office sector will continue to hamper progress. The market’s largest tenant, the federal government, will continue rationalization of its space usage, resulting in little or no expansion requirements. As a result, office space demand will continue to disappoint. On balance however, rental market performance will be largely healthy, in support of solid overall sector performance. Montreal: The Greater Montreal commercial property market should generate modest gains in 2015, given steady improvement anticipated in economic results. The region’s economic output is forecast to expand by 2.5 per cent in 2015, following less than 2.0 per cent on average annually over the previous four-year period. The firmer growth trend is
042-043 - News - morguard industry forecast.indd 2
expected to translate into solid performances in the industrial and office rental markets. New supply in the office sector will offset some of the gains. However, the industrial, retail, and multi-unit residential rental markets will continue to show progress. The rental market outlook will continue to support investment market performance. Montreal will continue to attract investment capital in 2015, as one of the nation’s largest centres of business activity. Performance will be largely income-driven, mirroring much of 2014. In short, Montreal’s property sector will reap the benefits of a firmer economic growth trend forecast for 2015, building on recent performance. Halifax: Halifax’s commercial property market is forecast to gradually strengthen over 2015, after a period of stabilization in the preceding two-year period. The Royal Navy shipbuilding contract awarded to the Halifax shipyard will, at least in part, be a key to more robust results. In 2015, the region’s economic growth rate is forecast to increase, to roughly 2.8 per cent in 2015, and 3.1 per cent in 2016, according to the Conference Board of Canada. Most segments of the economy will advance, in support of stable and healthy rental market trends, in the major property markets. The healthier fundamental outlook will support investment performance. Halifax will remain a market that provides investors with diversification outside of the country’s major cities and stable performance overall. In short, Halifax’s economy and commercial property markets are expected to post solid overall performance in the coming year. About Morguard: Morguard is a major North American real estate and property management company. It has extensive retail, office, industrial, and residential holdings owned directly and through its investment in Morguard REIT (TSX: MRT.UN) and Morguard North American Residential REIT (TSX: MRG.UN). Morguard also provides real estate management services to institutional and other investors. Morguard’s combined real estate portfolio is valued at $15 billion. FORWARD-LOOKING STATEMENTS DISCLAIMER: Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words “anticipates,”“believes,”“may,”“continue,”“estimate,”“expects” and “will” and words of similar expression, constitute “forwardlooking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Publisher does not assume the obligation to update or revise any forward-looking statements.
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businessbarometer
SMALLBIZ CONFIDENCE COOLS IN FEBRUARY
S
mall business confidence mirrored the frosty weather in February, dropping more than four points from last month to reach its lowest level since mid-2009. February’s Business Barometer included some warmer signs coming from Atlantic Canada and healthy optimism in British Columbia, yet the overall national reading of 59.1 was decidedly chilly.
“Decreasing optimism is perhaps expected, given some of the broader trends in the economy,” said Ted Mallett, CFIB’s chief economist and vice-president.“More concerning is the fact that we are now seeing weakness in some of the underlying business fundamentals like fulltime hiring and wage plans. Increased concerns with regard to capital shortages, skilled labour availability, and customer demand are also worrisome.” Measured on a scale of 0 to 100, an index level above 50 means owners expecting their businesses’ performance to be stronger in the next year outnumber those expecting weaker performance. Past results suggest index levels normally range between 65 and 70 when the economy is growing at its potential. Optimism in Prince Edward Island surged for a second consecutive month and now leads the country at 72.4. The optimism carried over to Nova Scotia (67.7) and New Brunswick (64.8), where the index rose by three points and one point, respectively, but not to Newfoundland
and Labrador (56.2), which experienced its sixth-consecutive monthly decline. Quebec’s index was up by a couple of points and close to the Canadian average at 58.5. Ontario’s confidence plunged by eight points to 60.0, and Manitoba (54.5), suffered its fifth consecutive decline. In the west, Saskatchewan dropped two points to 53.0, and the Alberta index (48.2) continued its freefall. BC remained relatively optimistic with an index of 69.1, but it too dropped from January. The information and financial sectors saw confidence rise in February, however optimism declined in 9 of 13 sectors this month, including manufacturing and retail. On the bright side, although full-time hiring plans were below levels seen in past winters, they were still net-positive. “Weak energy prices, cracks in the real estate market, and a low Canadian dollar, have all combined to cause uncertainty for the Canadian economy,” added Mallett.“How all of these variables play out over the longer term remains to be seen, but the immediate effect has clearly been felt in terms of business confidence.” February 2015 findings are based on 964 responses, collected from a stratified random sample of CFIB members, to a controlled-access web survey. Data reflect responses received from February 1-16. Findings are considered accurate to +/- 3.2 per cent, 19 times in 20. CFIB is Canada’s largest association of small and medium-sized businesses with 109,000 members across every sector and region.
Please say you saw it in The Commercial Investor
044 HALF Biz barometer - confidence cools in feb.indd 1
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Volume 15 Issue 02
Givalas Real Estate 8973548_0915
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Commercial Real Estate & Business Opportunities
Brokerage
0915_DJW_0035
0915_DJW_0034
Broker of Record
Ltd.
(905) 479-4436
INVESTMENT PROPERTY FOR SALE
Store with apartment above located at the corner of Queen St. E and Kingston Road. Main floor restaurant with full basement. Second floor newly renovated 2 bedroom apartment ready to move in or pick your own tenant, roof top sign board income with CBS outdoor. Ideal owner user property or carefree investment in The Heart of The City. Across from beaches movie complex, fitness club and Woodbine entertainment.
ASKING $1,020,000
D L SO Plaza on Hwy #2 Whitby.
FREE STANDING COMMERCIAL BUILDING
Rare opportunity for someone to buy a building in Toronto for Investment/Owner user open your own business here. Nice clean store. Owner retired operated as a Barber Shop (Still set up) full basement under store. Opposite of the No Frills Grocery Store and Plaza,
647 Atherley Road off Highway 12 South in Orillia. Minutes from The Casino Rama. Located beside very busy Ultramar Gas Bar. Lots of parking. Opportunity for someone to buy their own property as an invesment and operate their own restaurant. Lot size approx. 100 feet x 160 feet. Rare opportunity to buy a stand alone building at a fair price with Drive Thru.
ASKING $229,900
ASKING $389,000
COMMERCIAL SPACE FOR LEASE 245 KING ST. W. OSHAWA, UNIT #1 Retail space from 800 Sq ft - 2668 Sq ft in Teddy’s Park Plaza 2090 HURONTARIO, MISSISSAUGA Prime Highway 10 & QEW Exposure, 2nd Floor Office Space With Private Elevator Access. 3,027 Sq ft. Good Opportunity. 5308 & 5326 HWY 7 AT KIPLING Woodbridge Area. 2 Stores for lease. Approx. 825-850 sq ft. Reasonable rents
21 HARWOOD AVE. AJAX 2200 Sq ft., Corner For Lease $15.00 Sq ft. 3174 – 3180 EGLINGTON AVE, SCARBOROUGH 2 Retail stores and offices on 2nd floor in Plaza 90 NORTHLINE ROAD, TORONTO Industrial Space. 7,600 – 18,200 sq ft. Only $5.00 sq ft. net rent. Clean space. 463 MANOR RD E. AT BAYVIEW IN TORONTO Small retail store. Only $1,350. Plus hydro per month
INVESTMENT PROPERTIES WANTED! We are currently looking for investment properties from $2,000,000 to $20,000,000. Within one hour of the GTA, from retail strip plazas, multi-residential units and highrise apartment buildings
Our family has been in the real estate business since 1955 and has a large client base for these type of properties. Call to discuss the potential sale of your property now or in the near future Please say you saw it in The Commercial Investor
Greater Toronto Area
0915_DJW_0051
COMMERCIAL STORE FRONT FOR SALE ON VICTORIA PARK AVE
Nick Givalas
email: ngivalas@trebnet.com
INVESTMENT PROPERTY FOR SALE
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Commercial Real Estate & Business Opportunities
Sensational 100 acre parcel located in the South end of Hockley Valley! Five species of mature trees, great building sites, walking & riding trails and Humber River flows through! Hunter, angler, sportsman, fisherman's dream! $995,000 Marc Ronan*** 1-888-936-4216 0915_DJW_0042
For lease. 3 buildings approx. 12,800 sqft 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. $9,000/month, plus TMI. First and last months rent plus HST for deposit. $9,000 Marc Ronan*** 1-888-936-4216. 0915_DJW_0043
35 acres of workable muck land with 80 x 60 insulated steel building for storage or workshop and 2 drilled wells. Very fertile mash/muck soil suitable for vegetables or potatoes/onions/carrots. Premium land rent available in this area. $649,900 Marc Ronan*** 1-888-936-4216
Attention Builders! Excellent opportunity! Draft plan approved for 84 unit adult lifestyle community on 32 acres plus abutting future 6 acre walking trail and 7 acre future retirement residence site (3 separate deeds). Project financing available. Full portfolio on property available. $2,450,000 Marc Ronan*** 1-888-936-4216
140 acres abutting developer owned land in Cookstown with 2 road frontages. Great investment parcel while renting it to a farmer, or farming it yourself. Located between 400 and 27 hwys just South of Highway 89. Present owner has some trees planted. Land has been outpacing inflation - Invest in it. $1,995,000 Marc Ronan*** 1-888-936-4216 0915_DJW_0047
0915_DJW_0044
Greater Toronto Area
93 acre development parcel abutting residential development in New Lowell. Approximately 88 acres workable land. Located inside the Development Boundary Expansion Area. Large GTA Developer in same area. $1,700,000 Marc Ronan*** 1-888-936-4216 0915_DJW_0045
0915_DJW_0046
FOR SALE Excellent Investment opportunity in Alliston's Downtown Core. Beautiful & historic building in area of high vehicle & foot traffic immaculately maintained & has been in current owner's possession since 1977. Building offers 5200 sq ft of retail (2 units) & residential (2 units) space combined with ample Municipal parking at the rear of the building. $749,900 Tom Murdoch* 1-877-435-4336. 0915_DJW_0048
Please say you saw it in The Commercial Investor
FOR LEASE Excellent opportunity in Alliston’s Business Core, main street exposure! High visibility location with heavy foot traffic. Take advantage of this busy location. 1,550 square foot retail unit. Monthly rent is $2784.02. Inclusive of heat, hydro, water, sewers, signage, HST. $2,784.02 Tom Murdoch* 1-877-435-4336
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Commercial Real Estate & Business Opportunities
PLAZAS FOR SALE AAA RETAIL PLAZA - GTA Located at an intersection with the highest traffic flows in GTA. 3.5 acres of land with 25% coverage. Built within the last 15 years. 80% AAA tenants. Shadow-anchored by 2 major retailers. Major intersection. Asking $16,000,000.
GROCERY-ANCHORED PLAZA IN GUELPH Excellent 58,000 SF plaza, renovated. No Vacancies. $17,000,000.
PLAZA ON HIGHWAY 7, RICHMOND HILL Located at a very successful and busy commercial area of Highway 7. With 180,000 SF of combined retail and office space, on 6.1/2 Acres. NOI: $3,000,000. Asking $60,000,000.
TORONTO PLAZA, WITH 2 DRIVE THROUGH FAST FOOD CHAINS Located on one of the busiest parts of a major artery in a good area of Scarborough. 2.4 acres of land. Close to a 401 interchange. Asking $6,100,000.
88,000 Sq. Ft. POWER CENTRE IN DURHAM REGION All Tenants Are 3A - $29,000,000.
INSTITUTIONAL GRADE POWER CENTRE IN GTA (NO VACANCY) Located at one of the busier intersections in the GTA. More than 20 tenants, mostly AAA tenants. Asking $32,000,000 for 50% of ownership.
PRINCIPALS ONLY 17,000 SF INDUSTRIAL FOR LEASE • $5.25 / SF. TMI: $1.82! 15’ ceiling. 2 Truck level doors. Drive-in possible. Fenced storage compound. Eglinton Ave. West & Black Creek Drive. MLS #W2806720.
2,500 SF OFFICE OR RETAIL, FOR LEASE • Can be divided in half. $9.95 / SF. TMI: $3.40. 14’ ceiling. 250 Innisfil Street, Barrie. MLS #X2864676.
1,300 SF RETAIL IN HIGH TRAFFIC AREA • On Victoria Park, just south of Sheppard. Anchor: TD Canada Trust. No restaurant. MLS #E3093990.
STORAGE OR STUDIO FOR LEASE, DOWNTOWN BRADFORD • 600 Sq. FT. Kitchenette and washroom. Free-standing. Very clean. 2 parking spots. MLS N3095205 TERREQUITY REALTY, BROKERAGE Independently Owned and Operated
Pierre Boiron Sales Representative pierre@rementor.ca
905.882.8800 For info call or email Clark Cai: clark@rementor.ca
Claude Boiron Broker
claude@rementor.ca 11275155_0915
Please say you saw it in The Commercial Investor
Greater Toronto Area
e 02
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Volume 15 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_0915
4114_DJW_0106
State of the art 8 Bay coin wash located in a busy, triple A Toronto location. Built in 2009. Land, building and business all included along with vending dispensers, change machines, security cameras in all the bays and thru-out the perimeter of property with internet accessibility from anywhere. Very little management required. Grounds and equipment maintenance and put cash in your pocket. Asking $2,999,000. Call for exclusive viewing. 4114_DJW_0105
Greater Toronto Area
4114_DJW_1_0141
6 Bay Coin Car Wash (2 Truck Bays), coin laundromat and automatic car wash all situated on approx. 3 acre of land to build more commercial buildings for more income. Great income producing business. Located North of Brampton. For exclusive viewing call now. 4114_DJW_2_0140
4114_DJW_2_0142
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.
Principals Only
8 BAY COIN CAR WASH & PET WASH
3314_DJW_0143, 3314_DJW_0144, 3314_DJW_0145
4114_DJW_1_0037
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
Vol
Volume 15 Issue 02
49
Commercial Real Estate & Business Opportunities
8629802_0915
Gurdeep Sandhu
6850 Millcreek Drive Mississauga, ON L5N 4J9 Realty Specialists Inc. Brokerage An Independent Member Brokerage
OďŹƒce: 905-858-3434 Direct: 647-262-9091
gssandhu@rogers.com gurdeepsandhu.com
Office space available from 100 sqft to 2000 sqft in a very busy commercial building near Dundas St / Hurontario St, Mississauga. Please call L/A for more details OAKVILLE AUTO BODYSHOP SALE OF BUSINESS ONLY
$89,000 Great Location! Busy Automotive Complex. T1 Zoning Well Maintained Autobody Workshop Equipped With Two Post Lift , Tools, & Painting Room With All Required Permissions. Tons Of Parking And Lot Of Work, Looking For Autobody Shop, Used Car Sales Or Any Auto Related Work Just Start With Already Equipped Shop With A Low Monthly Rent Of 3325 P/M Tmi Included In 5 + 5 Year Option. Motivated Seller. Bring All Offers! 0915_DJW_2_0016
Available space (100-2000 sqft), in Toronto Mississauga area, short term lease also possible (6-12 months) office leases and swing spaces, fully equipped offices with Internet access, photocopiers, fax, kitchen and reception area. 0915_DJW_0080
ESSO GAS STATION NIAGARA REGION
SHELL GAS STATION NIAGARA REGION
$579,000
$1,199,900
Self Serve Esso Gas Station With Convenience Store, Lotto 649 And Three Bedroom House Inside City And Community Area. Fibre Glass Tanks, Two Pumps, Corner Lot Also Includes Adjoining Vacant Land For Running Any Separate Business With Many Permissible Uses. Excellent Investment And Returns. Family Run Business. Be Your Own Boss. Beautiful 3 Bedroom House. Live Or Rent For Extra Income. Excellent Investment And Returns. 0915_DJW_2_0018
Fully Renovated Self Serve Shell Gas Station With Convenience Store And Lotto 649 In Centre Of City. Fibre Glass Tanks And Lines With Leak Detect Sensors 4 Pumps With 8 Nozzles. Card Reader At Pumps. Corner Lot. Beautiful And Clean Property With Lots Of Future Potentials. Renovated All Over. New Pumps, Tanks, Air Pump, Bbq Cylinder Exchange. Atm Machine, Lotto 649
Please say you saw it in The Commercial Investor
0915_DJW_1_0019
Greater Toronto Area
e 02
50
Commercial Real Estate & Business Opportunities
Greater Toronto Area
Please say you saw it in The Commercial Investor
Volume 15 Issue 02
e 02
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
SECTION COVERING: Barrie Collingwood Muskoka North Bay Kawartha Lakes Midland Meaford Paisley Parry Sound
Orillia Owen Sound Sudbury Walkerton Midland Meaford Kawarttha Lakes Muskoka North Bay
For advertising
contact Doreen Wills Tel: 1-800-268-0077 or 905-570-9283
doreen.wills@wall2wallmedia.com thecommercialinvestor@wall2wallmedia.com
CENTRAL ONTARIO
CENTRAL ONTARIO
Vol
moneysense
EY’s 2015 banking outlook: Time to redefine the core of a bank
C
anadian banks need to reinvent themselves through simplification of businesses, deconstruction of products and an end to global universal banking, according to EY’s Global banking outlook 2015: Transforming banking for the next generation.
THE NEED FOR TRANSFORMATION For more than a decade, a mix of consolidation and competition in Canadian banking has created complex organizations, with diverse portfolios of products, operating across multiple business lines. According to the report, Canadian banks will need to fundamentally transform their strategies and operating models based on these five key drivers:
In the aftermath of the financial crisis, new regulations, 1. Quest for growth investor sentiment and evolving customer behaviour are challenging Canadian bankers’ commitment to global 2. New era of competition universal banking. EY’s report shows that around the world, 3. Redefining of the core of the bank banks operating on a global scale reported average ROEs 4. Technology-driven reshaping of banking of around 7.5 per cent in 2013, while large banks with a less diverse business and geographic footprint achieved 5. Redefining of organizational structures an average ROE of around 10.7 per cent. Canadian big six “The banks that focus on their core businesses and redesign banks had an even higher ROE of 15.54 per cent. themselves to be more flexible, lean and more responsive to customer demands, will be the most successful in the “Banks themselves are starting to realize that the creation coming decade,” says de Haan. of new products is often less efficient and profitable than expected,” says Andre de Haan, Canadian Leader, Financial EY is a global leader in assurance, tax, transaction and advisory Services at EY.“The time has come for banks to simplify.” services. Their insights and quality services help build trust and confidence in the capital markets and in economies the SIMPLIFYING BUSINESSES world over. EY is proudly celebrating 150 years in Canada. For more information, please visit ey.com/ca. Follow on Twitter @ According to the EY report, there’s little correlation EYCanada. between the breadth of a bank’s product offering and its market share. As a result, banks need to examine what’s EY refers to the global organization and may refer to one or truly core to their business. Parts of the business that don’t more of the member firms of Ernst & Young Global Limited, each add value need to be improved. If that’s not possible, they of which is a separate legal entity. Ernst & Young Global Limited, need to be identified as non-core or provided to customers a UK company limited by guarantee, does not provide services through an alternative supplier. to clients. For more information about the organization, please visit ey.com. “In addition to reassessing business lines, banks need to re-evaluate their internal operations. If certain back-office functions don’t add a competitive advantage, banks may consider outsourcing them,” says de Haan. DECONSTRUCTING PRODUCTS By breaking products into their component parts, banks will enable customers to pick and choose products that truly suit their needs. If banks succeed at differentiated offerings, they’ll increase share of wallet, reduce the cost of operations, and show regulators they’re treating customers fairly.
052 business savvy - redefine banks.indd 1
2015-02-26 12:45 PM
Volume 15 Issue 02
8313781_0915
Bill Byers Sales Representative bill-byers@coldwellbanker.ca
TEMISKAMING REALTY LTD.,
RENT TO OWN Waterfront lots 2+ acres each on Long Lake, Charlton. Asking from $59,900 each. MLS 140274 & 132557
FORMER VARIETY STORE With 1+1 Bedroom apartment. Good sized lot with storage sheds & parking Residential & Commercial uses here. Asking $59,900. Latchford. MLS 141557
21 UNIT APARTMENT Renovated inside & out over the past few years. Great income with minimal expenses. Overlooking the Montreal river. Great wilderness area surrounded by excellent fishing & hunting in the gold mining town of Matachewan. Asking $289,900. MLS 150042.
HIGHWAY #11 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 $309,900. MLS 140081NEW PRICE
Central Ontario
COMMERCIAL/RESIDENTIAL 5 Units - 1 Com & 4 Res downtown New Liskeard. Always rented, long term tenants. Parking. Asking $319,900. Exclusive.
EW
N
0915_DJW_0059
4114_DJW_4_0070 0515_DJW_0004
GORGEOUS WATERFRONT 142+ Acres surrounded by Crown land with year round road, hydro, & phone. Former hunting & fishing camp. Unorganized Township gives you unlimited uses. Miles of excellent boating, fishing, & hunting on the Montreal River. Asking $399,900. MLS 141712
E
IC
PR
4114_DJW_3_0142
New Liskeard, Northern Ontario
4114_DJW_6_0071
www.temiskamingrealty.com 1-866-557-1110 705-647-1110
BROKERAGE
d,
26 12:45 PM
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Commercial Real Estate & Business Opportunities
Please say you saw it in The Commercial Investor
Vol
EASTERN ONTARIO
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
EASTERN ONTARIO SECTION
COVERING: Lindsay Peterborough Port Hope Bowmanville
Cobourg Trenton Belleville Kingston Northeastern Ontario
For advertising
contact Doreen Wills Tel: 1-800-268-0077 or 905-570-9283
doreen.wills@wall2wallmedia.com thecommercialinvestor@wall2wallmedia.com
Volume 15 Issue 02
55
8133527_0915
Commercial Real Estate & Business Opportunities
Sean McKinney Broker of Record 613-969-9907
Quinte Ltd.,Brokerage
www.remaxquinte.com 0915_DJW_0088
0915_DJW_0089
0915_DJW_0093
Independently Owned and Operated
DOG KENNEL BUSINESS OPPORTUNITY FOR SALE
Charming 3 bedroom farmhouse with approx. 49 acres. Many updates already done to the home. Large barn, fenced paddocks. Current owner recently added 20x40 dog kennel facility which is heated, insulated and provides water. There's a separate 30x60 fenced in and heated arena. Listed at $485,000. MLS QR21500521.
Great investment opportnity! 7,200 sq. ft. building located centrally in Trenton and close to the 401. Both units are currently leased. Listed at $349,900. QR21407439.
Beautiful 4 unit Multi-Family building located in the East end of Belleville. Close to all amenities. Multiple upgrades over the recent years including a new roof, furnace, HWT and appliances. Listed at $379,900. MLS 21407608.
Vintage 2 storey building in Old East Hill. Medical offices in recent past with one bedroom apt in lower level. Could accomodate up to 4 physicians. Zoning R2-3. Great investment opportunity listed at $299,900. QR21407279.
Great opportunity and location for a medical/dental office. Zoned C2-C3 which permits several commercial uses. Located on College Street at Heartwood Drive. Listed at $399,900. MLS 2143114
Commercial building located on a 9 acre lot on Hwy#7. Numerous amounts of parking, 3,200 sq.ft. of upper and lower levels. Listed at $219,900. MLS 2143384 8177055_0915
Prime location on North Front Street across from the Metro plaza. This vacant lot has great potential at a price of $197,900. MLS QR21405435
0915_DJW_0092
0915_DJW_0091
0915_DJW_0090
280-Unit Subdivision in East end Belleville. Combination of townhouse and single family lots. $4,900,000. MLS QR21500482
8.7 acres with main office and warehouse. Also includes mini storage with 10 units, 2 sea containers and 2-53' trailers on site. The site is currently approved for 76 additional units. Listed at $599,900. MLS QR21407662.
ProAlliance Realty Brokerage
BRUCE COOKE BBA, CCIM, SIOR
MATTHEW COOKE B.COMM
Office: 613-966-6060
Office: 613-966-6060 Direct: 613-243-5146
Commercial Sales Representative
Independently Owned & Operated
E-mail: bruce@cookeproperties.com
Sales Representative
matthew@cookeproperties.com
12 APARTMENTS $490,000 BELLEVILLE
18 x 4 Bdrm townhouse style apts. All apartments have separate meters for gas and hydro. Tenants are on leases and they pay all heat & hydro. Net Income $83,275. Located a short distance to the Famous Sand Banks Provincial Park and beaches. 0515_DJW_0097
1.75 Hrs East of Toronto, includes a main floor Restaurant. On site parking, Laundry facilities and local property manager, Separate hydro meters. 0515_DJW_0098
$450,000 GOVERNMENET BUILDING 6,250 SF STIRLING
$389,000 25,000 SF RETAIL BUILDING
Eastern Ontario
18 APARTMENTS $1,175,000 PICTON
2 hours East of Toronto in the Village of Stirling also known as Hockeyville.
Post and beam construction located 1.5 hrs East of Toronto In Brighton, close to Lake Ontario and the tourist district in Apple country. 0515_DJW_0099
Please say you saw it in The Commercial Investor
0515_DJW_0100
moneysense
Should you flip that house?
M
any of us envision the gutsy move to flip a house for quick financial gains – and some people are quite successful at doing so, say advisors in this field. For those with the time, energy and technical skills, buying a property to fix up and sell later at a higher price or to rent out for a period of time, can be a worthwhile investment. But do your research.
“Challenges can quickly mount for the novice who chooses to invest in real estate,” says Lincoln Thompson, broker-owner with Royal LePage Gardiner Realty in Fredericton, New Brunswick.“But if you take the time to choose the right home and rely on the right people for expertise, your investment can pay dividends.” Thompson offers three recommendations for success: 1. Take note of the taxes. As the saying goes, the only things certain in life are death and taxes. Depending upon the municipal, provincial and federal taxation requirements for your area, sales tax and land transfer tax will apply at differing levels across the country. You could even be taxed based on the level of renovations if a lot of work has been done. Also, consider the personal or business taxation implications from the sale of the property or on rental income that is generated. An accountant and lawyer are two people you’ll want to bring in early before you venture into
056 money sense - flip that house.indd 1
this realm. If you find the right home in the right location, taxes may not be a deal breaker, but be aware that paying them will cut into your profits. 2. Consider a joint venture, but choose your partners wisely. Each party should bring to the relationship what others within the deal cannot. For example, if you have trade or technical expertise but are lacking funds or financial expertise, you’ll want to concentrate on finding investment partners who bring these skills to the relationship. Don’t partner with people who have the same strengths and weaknesses as you. If you are lacking expertise in any area, including real estate, hire a real estate agent with experience in real estate investment within the location you are considering. An experienced agent will also aid in bringing together the right deal makers. 3. Don’t buy a property without answering these basic questions: Can I buy it below retail market value? Can I do small renovations to increase the value? Is there an increase in demand for the area? Are there sales over list price in the area? What is the nature of the surrounding properties? What amenities and services are within walking distance? Do I need to purchase appliances? Can this property be rented? If so, what are the going rental rates for similar properties in the area? Real estate investment is a great way to supplement your income if you do your homework and set yourself up for success with the right expertise. More information can be found at www.royallepage.ca -NC
2015-02-26 12:45 PM
NIAGARA SECTION COVERING: Niagara Falls Niagara-on-theLake St. Catharines Thorold
Welland Fort Erie Beamsville Fonthill Port Colborne
For advertising
contact Doreen Wills Tel: 1-800-268-0077 or 905-570-9283
doreen.wills@wall2wallmedia.com thecommercialinvestor@wall2wallmedia.com
NIAGARA
26 12:45 PM
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Commercial Real Estate & Business Opportunities
Volume 15 Issue 02
Niagara Peninsula 11236833_0915
Please say you saw it in The Commercial Investor
Vol
Volume 15 Issue 02
59
Commercial Real Estate & Business Opportunities
Larry “BILKO” Bilkszto Your 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_0915 TONS OF FARMS TO CHOOSE FROM IN THE NIAGARA REGION WITH BILKO. GREENHOUSES • VACANT LAND • VINEYARDS • TENDER FRUIT • HOBBY FARMS • COUNTRY ESTATES Super exposure on Niagara`s wine route! Over 237` frontage on King St & 295` frontage on Durham Rd. One of the last large industrial/commercial parcels having 3.8 acres. Great investment for an automotive service station, car lot, public storage, retail manufacturing, office use, auction centre etc. Presently an auto garage. 50x50 block building w/4 bays, 2 bathrooms, over $800/mthly storage income. $999,800
A rare offering in the Niagara Peninsula wine country!! 90 acre vineyard. True bench land located in the 20 Mile bench sub appellation. Excellent location for a winery site just off Reg Rd 81 wine route + only minutes off the QEW. Approx 51 acres have producing vines of cab franc, cab sauv, baco, vidal & riesling. Another 27 acres are tile drained & ready for planting, offering your choice of new varietals to be planted! Approx 5 acres of bush & another 5 of headlands. This parcel also has a modest 2 bedroom bungalow & large outbuilding 40x32'. 200 amps. A 5yr contract could be put in place for the purchase of all the grapes harvested off this vineyard if the buyer so desires. This one of a kind vineyard consists of 4 merged parcels. $1,980,000
3+ Acres development 6 Acres of site. Land zoned for residential townhouse & semidevelopment land detached homes, 64 in Jordan Station. units in total, 52 Surrounded by townhomes & 12 semi the greenbelt, detached units. Close vineyards & to St. Catharines new orchards. All city hospital facility. Walking distance to many services at the road! Only mins to the QEW & amenities. All city services. Asking $1,198,800 all amenities. $4,000,000
Prestigious Jordan, 2.46 acre development land in the urban boundary. Zoned residential development. Mixed use commercial & residential designation in official plan. Existing home & barn on site. Next door to Phelps homes town home development on the wine route. Great investment! Surrounded by the Greenbelt & walking distance to all amenities. City services. $999,800
SPECIALIZING IN FARMS, AGRICULTURE, GREENHOUSES, ETC.. IN THE NIAGARA REGION!
905-641-1110 Tony Tripodi cell: 289-241-6954 Garden City Realty Inc., Brokerage Independently Owned & Operated
Broker
tripodi@sympatico.ca
10331793_0915
INDUSTRIAL * COMMERCIAL * INVESTMENT
SPACE FOR LEASE 0915_DJW_0076
THE DEAL OF THE YEAR
NIAGARA FALLS Turn key restaurant and bar. Everything in place, just walk in and start making money. Downtown location in the proposed Niagara College expansion area. The reduced bargain price of $269,000. Includes land, building, chattels and equipment. Licensed including the patio for 275 seats. Opportunity of a lifetime. Call now!
St.Catharines, On. 155,000 SF building on 14 acres of land. Presently used as warehouse and solar panel energy system. Monthly rent for the next 9 years is $46,000+ (warehouse income) from the 11th to the 20th year will be yearly over $400,000. Net. Plus 120 unit self storage (not operated yet). 6 acres zoned for high rise apartment buildings. Asking only $3,900,000. Don’t miss this opportunity. Call today for more details
ST CATHARINES
0915_DJW_1_0128
NIAGARA FALLS
Space for lease in a very busy, centrally located plaza. Only 2,000 sq ft left at a very reasonable rate. Major tenants include large real estate office, (over 120 people) Shoppers Drug Mart, medical clinic, optometrist, physiotherapists and much more. Lots of free parking. Call now! 0915_DJW_1_0129
Please say you saw it in The Commercial Investor
Bakery and Cafeteria located in large retail plaza established business, with large sales amount. Long list of equipment. Selling due to health reason asking $595,000.
4514_DJW_0117
Niagara Peninsula
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Commercial Real Estate & Business Opportunities
Art Ratelle
Volume 15 Issue 02
REAL ESTATE & BUSINESS OPPORTUNITY MOMENTUM REALTY, BROKERAGE
Sales Representative Office: 905-935-8001 Cell:
905-708-2601
The Realtor You Choose Will Make A Difference 8481853_0915
0915_DJW_0069
0915_DJW_0070
PROFESSIONAL OFFICE SPACE AVAILABLE
2,400 SQ FT
Ideal for a family run business in Niagara Region close to Niagara Falls/Welland/Port Colborne. Will support $100,000+/- for family income. Convenience store + retail & up to date equipment, tanks & pumps. Space for 3 bay or toucheless drive through car wash. $1,150,000. 0915_DJW_0040
Rick Hawes
EVERYTHING IS NEW
• 1 minute to QEW: High Traffic Location • Have you Outgrown Your Office Space? • Tired of Operating from "Broke Down Place" • Note: This is a 2nd floor space
BROKER
Niagara Real Estate Centre, Brokerage 33 Maywood Ave.
11277217_0915
Greg Howe Sales Representative 905-935-6838 gamhowe@sympatico.ca Niagara Region 905-358-9800 | 1-877-357-7346
$2,500,000 NIAGARA FALLS - EXCLUSIVE LISTING
B U
YE R
S
O
N
LY
Newly remodelled 53 room "L" shaped motel with exterior entrance, consisting of 12 family suites, 8 jacuzzi suites, and 33 singles. Outdoor pool, 60 parking spaces, located in the heart of tourist area. Adjoining motel franchise next store also available for sale. 0915_DJW_2_0001
N O S R YE B U
Niagara Peninsula
LY
$420,000 EXCLUSIVE LISTING
0915_DJW_4_0008
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 the mortgage. Owner willing to assist with financing.
UNIVERSITY STUDENT HOUSES
5 houses located in the Glenridge area of St. Catharines, 6 and 7 bedrooms, walking distance to Brock University and Pen Center Shopping, looking to sell as a package. EXCLUSIVE LISTING, FOR BUYERS ONLY.
Please say you saw it in The Commercial Investor
905-688-4561
rick@homesniagara.com
(Cell)905-347-0173
11294950_0915
e 02
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
INVESTORS
The perfect place to list all of your businesses opportunities
For advertising
contact Doreen Wills Tel: 1-800-268-0077 or 905-570-9283
doreen.wills@wall2wallmedia.com thecommercialinvestor@wall2wallmedia.com
BUSINESS INVESTORS
BUSINESS
62
Commercial Real Estate & Business Opportunities
Volume 15 Issue 02
Business Investor
9649286_0915
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Vol
Volume 15 Issue 02
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Commercial Real Estate & Business Opportunities
9286_0915
11289457_0915
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Business Investor
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Volume 15 Issue 02
Commercial Real Estate & Business Opportunities
R DE UN FFER O
NG MI CO SOON
DISTRIBUTOR OF MEDICAL PRODUCTS
ENGINEERING FIRM/FIRE PROTECTION
Located in the GTA and operating over 20 years, the Company wholesales medical products that are directed toward Home Health Care, Pharmacy, Orthotic and Prosthetic, and Podiatry markets. Revenues are in the $2 million range and earnings in the $300K range.
Operating in the GTA over 25 years the firm provides consulting with a focus in fire protection for clients throughout the world. These services are also provided for existing buildings and buildings undergoing renovation. Revenues are in the $6 million range and earnings in the $1 million range.
NDT PROVIDER
PLUMBING SERVICES COMPANY
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.
Company operating in the GTA and specializing in all areas of plumbing – commercial, industrial, residential, service, installation and 24/7 emergency response. Well trained – 7 FT non-union employees and strong account base generate revenues in the $1.7 M range and earnings in the $450 K range.
ENGINEERING CONSULTING
R DE UN FFER 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.
MANUFACTURER OF AUTOMATION EQUIPMENT FOR FOOD INDUSTRY
SO
Business Investor
Located in Southwestern Ontario the company provides advanced and robotic systems for poultry, beef, pork, cheese, sliced meats, readymade foods, and industrial washing systems for all segments of the food industry. Revenues in the $6 million range and earnings in the $900K 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.
O
The Company is a premier manufacturer of kitchen and bath cabinetry. Operating over 20 years the Company serves residential developers and retail customers along with commercial clients in its surrounding area. The Company derives half of all revenue from first time buyers. Revenues are in the $2.5 M range and earnings in the $550 K range.
OFFICE MAINTENANCE COMPANY
R DE UN FFER O
LIFT TRUCKS AND HANDLING EQUIPMENT
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.
R DE UN FFER O
LD
ATLANTIC PROVINCES MANUFACTURER OF KITCHEN CABINETS
W ITY NE TUN OR PP
Business has been in operation for 10 years generating $1 Million in revenues with 7 FT & 73 PT employees. Located in Southern Ontario - one hour out of GTA.
MFG. TOPICAL MEDICAL PRODUCTS
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.
R DE UN FFER O
CNC MILLING AND TOOL FABRICATION
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_0915
50 HARWILL RD, ST. THOMAS 0515_DJW_0042
381 SOUTH EDGEWARE RD, ST THOMAS 0515_DJW_0043
$1.8M
0515_DJW_2_0102
$575,000
26 KING ST E, KITCHENER
• 1910 Georgian Revival architecture, originally the nurses residence • Located directly beside Guelph General Hospital
• On bus route • 12,000 s.f. + basement • 25 spaces parking • Call Ryan Briggs
101 HAZELGLEN DR, KITCHENER
KITCHENER, ONTARIO
519.578.0337
CELL:
• 8 acre property in excellent high traffic location • Ample storage, loading dock & green house on site.
• Warehouse building with built-in coolers • Large office space. • Call Chris McFarlane & Duncan McLean
8372 SIDEROAD 30, FERGUS
$549,900
• Zoning allows numerous commercial uses • Public transit at door • Call Duncan McLean
• Charming Century Home situated on 2.73 acres of land 5 minutes South of the Town of Fergus and 10 Minutes from Guelph.
• Includes a 1 Bedroom accessory apartment, 3,000sf detached workshop, all individually metered. • MLS. Call Ryan Briggs
FREDERICK MALL, KITCHENER
735 WOOLWICH ST, GUELPH FOR LEASE 0915_DJW_0021
• Vacant Land for redevelopment • High visibility in Kitchener's Downtown core
0515_DJW_1_0104
0515_DJW_2_0053
$12.95 P.S.F.
$975,000
0515_DJW_1_0156
0915_DJW_0020
$875,000
• Century Home currently converted to office • Prime location in Downtown Kitchener • Double garage plus an additional 6 parking spaces in the rear • Finished basement with separate access • Call Ryan Briggs
55 DELHI ST, GUELPH
728 ARTHUR ST S, ELMIRA
• Four properties on 0.46 of an acre. • Zoned MR-6. Architectural concept drawings for a 6 storey, • 30 Unit condominium building with 1 level of underground parking. • Call Ryan Briggs
0915_DJW_0019
181 FREDERICK ST, KITCHENER
• 3.72 acres at Block Line & Strasburg Rd. • Pre-approved for 76 stacked townhouse • Site can accommodate up to 200 units depending on parking. • Partial City levies paid • Approx 1.7 acres allocated as scenic easement. Call Neil Koebel
• Retail units and Pad Site available • Mall undergoing extensive renovations • On Bus Route and Highway 7/85 • Great neighbourhood mall with 23,603 AADT (2012) • Join Valumart, CIBC, Dollarama and many more • Call Duncan McLean
• 0.96 acre Pad Site close to Highway 6 • Potential for redevelopment • Zoned SC-1 (Service commercial) • Call Ryan Briggs or Duncan McLean
• 1,500 s.f. store front $1,775/mth+HST • 2,520 s.f. 2nd floor office space $1,900/mth + HST • Zoning allows many retail & office uses • Call Duncan McLean
• Divided into 8 offices
RYAN BRIGGS
DUNCAN MCLEAN
CHRIS McFARLANE
Sales Representative
Sales Representative
Sales Representative
519.498.5775
Ryan@cmarealty.ca
CELL:
519.590.7997
CELL:
11280798_0915
0515_DJW_1_0094
146-154 ERB ST W, WATERLOO
• 9 single detached plus 27 townhome lots • Services on street • Close to Woodstock • Call Ryan Briggs
$2.5M
0515_DJW_2_0022
$1.995M
RESIDENTIAL LOTS, INNERKIP
1275 BLOCK LINE, KITCHENER
• 20' clear ceiling; 12" concrete block walls • 9 insulated dock leveller doors • Security fencing w/storage for 40 trailers; monitored security • HD sprinklers rated for Class IV Commodities • Call Paul Goulet
• 5 acres of C-6 zoned land across from Conestoga College • Zoning allows many commercial, retail, restaurant, office and accomadation uses • Highway exposure • Located within seconds of Highway 401 • Call Duncan McLean
v
$2.5M
0515_DJW_1_0008
$3,500,000 49 CONESTOGA COLLEGE BLVD, KITCHENER $3.5M
$3.7M
• 20 foot clear height; 40 x 40 column bays • 8 insulated dock leveller doors • 10" insulated concrete block walls • HD sprinkler system for Class IV commodities • 80 vehicle parking • Call Paul Goulet
• Commercial Plaza on 4.3 acres across from Conestoga College • 13,874 sq. ft. • Tenants include dentist, pizzeria and Chinese restaurant • Located within seconds of Highway 401 • Call Duncan McLean
4 and 6 bedrooms • Potential for further development at rear of property • Call Chris McFarlane
0515_DJW_8002
• Building still under warranty • Five minutes from Conestoga Collage • 18 stacked townhouses in six buildings ranging from 3,
2480 HOMER WATSON BLVD, KITCHENER $5.25M 0515_DJW_8001
$5.4M
0515_DJW_1_0051
806 DOON VILLAGE RD, KITCHENER
519.588.6683
Duncan@cmarealty.ca Chris@cmarealty.ca 11G COM
151 City Centre Drive, Suite 300, Mississauga, ON L5B 1M7
phone 905.268.1000 fax
905.542.2836 Member Commercial Division, Toronto Real Estate Board
RETAIL PLAZA MISSISSAUGA- HWY 10 / DUNDAS
INDUSTRIAL COMMERCIAL PLAZA - BRANTFORD
4514_DJW_2_0075
OFFICE - MISSISSAUGA
$15,000,000
0515_DJW_0085
• New Construction • 9 units for sale • VTB mortgage available • Rent GUARANTEE • NET INCOME $175,000
DEVELOPMENT POTENTIAL: • Zoning permits • Apartments 230 units • Office/commercial • Retail • Service area • Total gfa
RETAIL PLAZA SCARBOROUGH
$2,500,000 • Brand New building
4514_DJW_2_0076
INVESTMENT PROPERTY MISSISSAUGA
• 1176 sq ft • Near Highways 4514_DJW_1_0079
$349,000
4514_DJW_2_0077
BRAND NEW PLAZA - ORANGEVILLE
EARN 12% PER YEAR INVEST IN PROJECTS WITH OUR TEAM 12G COM
• Fantastic main street location • 13 units • Long term tenants • NET INCOME $205,000
$4,150,000 • 26,000 sq ft • Excellent location • Triple A national tenant • NET INCOME $192,000
$2,900,000 • 14,200 sq ft • 50% occupied • NET POTENTIAL INCOME $312,400
4514_DJW_2_0081
CALL 647-295-5501 FOR DETAILS www.connect2realestate.ca
225,859 sq ft 40,666 sq ft 15,995 sq ft 10,365 sq ft 292,886 sq ft
$5,800,000
8471255_0915
PRESENT • 26,829 sq ft built up area • Fully Leased with multiple triple ‘A’ tenants • 2.5 acres of land • Escalating Leases • 200 + parking spaces • Annual Net Income $ 700,000 approximately
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905.318.3800 24 Hr. Pager 647.609.9463 GTA Direct mazharroshan@sympatico.ca MOTEL FOR SALE - $579,000 MOTEL FOR SALE - $579,000
Ideal property to live in and run your own business. 9 room motel with a 2 bedroom separate house, no vacancy in motel for 2014, fully rented to long term clients. AAA location close to hwys. New septic bed installed in 2014, located beside Tim Hortons & No Frills. 0515_DJW_0068
BURLINGTON BURLINGTON - $49,900 - $49,900
UPPER JAMES HAMILTON - $849,000
Mixed use property located on Upper James with M5 commercial zoning over one acre of land with 4 bed 3 bath home, all hardwood floors, new roof 09, furnace 13, AC 14, newer windows, door and kitchen, city water and sewer, newly updated (2009) commercial portion with 3 offices, 2 pc bath and 1000 sq ft. heated insulated workshop with water, gas and hydro in place, leased for 2200, has 30 parking spots, 24 hours notice for showing, RSA, call for more details. 4914_DJW_0020
I have qualified buyers for up to $5m in commercial and investment buyers. Call for details. ANCASTER - $219,900
Heart of the Ancaster Meadowlands, long established Quizno’s sub doing over 400K in yearly sales. Good for family operation. 0915_DJW_0031
WILSON STREET, ANCASTER - $99,900
BAR AND EATERY - $129,900
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.
Location Location Location.... In a plaza with Esso Gas Station. Fully equipped, fully oprational, 2 bay garage business. Short hours, good return, low rent, long lease, hwy location, close to Ancaster Village, Walmart, Ancaster Toyota & business park, call for more details. 0915_DJW_0033
Located in Stoney Creek, doing over 10K per week, full equipped and licenced for 110 person, this is a turn key operation. Great for family business. Owner absentee operation. Just buy it and start making money, long lease, reasonable rent.
FOR SALE - HAMILTON
BUSINESS FOR SALE - $44,900
LAND FOR SALE
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Long established Pizza store, surrounded by high rise buildings, very low rent and long lease, owner selling due to health reasons, good for family operation. Purchase an established business for less than start up costs.
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.
Long established dollar store located on a very busy street in plaza location, doing around 400K yearly, sales with good margin of profit, reasonable rent and long lease available. Asking $59, 900
4914_DJW_1_0015
8471255_0915
BROKERAGE
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905.929.9800
HomeLife Results Realty Inc.
4914_DJW_1_0027
price reduced
4514_DJW_1_0064
PLAZA FOR SALE - $1,485,000
PRIME LOCATION - $1,099,000
FOR LEASE BRANTFORD
Rare find Commercial Plaza with anchor tenant. Net income is 104K, offered at 7% cap rate.
On Upper James & corner of Airport Road. Over an acre of land. Property has 2 houses both rented for 1100 + 1000 and tenants pay utilities mixed use property with H-C3 zoning. Lots of future development potential. Buyer to do their own due diligence.
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.
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4514_DJW_1_6668
DESIRABLE ANCASTER LOCATION
LARGE COMMERCIAL BUILDING - $114,900
On Wilson Street at the corner of Hwy #52. Across from the Ancaster Fairgrounds. Brand new Esso Gas Station and a modern restaurant coming soon. 7 units to choose from, has 2 bay auto garage. Good for any type of retail, office, commercial, warehouse or other uses. Call listing agent for further details.
6500 sq ft located in Town of Inwood on 3 roads, 15 minutes from Hwy 402, located between London, Sarnia & Chatham. Industrial manufacturing, storage, warehouse, auto repair, auto body & fender shop, paint booths installed. Also available next door property business equipment, shower stalls, drain, stamping machines & all equipment & tools for fibregass stamping can be bought separately.
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legallyspeaking
More than what you bargained for Inheriting tenants with a commercial property
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sually a home or property inspector can give you a good idea of the condition of the real estate you are buying. Unfortunately, the one thing an inspector cannot tell you is whether tenants will come with the property, and if they are any good.
KNOW YOUR RIGHTS. When you purchase a commercial property, any leases relating to the property will usually be assigned to you at the time of closing. If you consent to this assignment you will be bound to the terms of those leases. For example, these obligations could require that you remove snow from driveways, install or maintain security systems, pay for utilities, etc. Generally speaking, existing leases and then the Ontario Commercial Tenancies Act will govern your relationship with the tenant going forward.
Purchasing a commercial property with existing tenants can be a great way to hedge investment losses in the property. In addition, having them there will save you the time and expense of advertising to fill vacancies and can help you secure financing for the purchase of the property. However, beware. Having tenants brings with it exposure to several types of liability, in many cases dictated by the commercial lease in place and real estate law. As a landlord it is important to understand there may be certain obligations for which you are responsible, and understanding these obligations is critical to ensure you get what you bargained for.
REVIEW THE LEASES PRIOR TO PURCHASE. The leases will list your responsibilities to the tenant and vice-versa. These rights are impacted by the law relating to commercial tenancies as well. Be sure to make ‘Review the leases by your lawyer and that they meet his or her satisfaction,’ a condition of any agreement of purchase and sale. If you don’t like what you hear, it is not necessarily the end of the deal; you may be able to renegotiate the terms of the lease or the agreement of purchase and sale.
Prior to purchasing a commercial property where you will be inheriting tenants: MEET THE TENANTS. It is important to discuss with them any complaints that they have with the property. This will help you gauge whether you will have a good working relationship with your future tenants, and will also provide valuable insight into potential issues with the property. If you have many tenants, or you do not want to deal with your tenants directly, discuss the options for engaging a property management company with your lawyer.
KNOW YOUR TENANT’S RIGHTS. The lease will describe your tenant’s rights and the remedies he or she has against you if a dispute arises. These remedies may include abatement of rent payments, court or arbitration, or even cancellation of the lease. Be sure to have a lawyer review the lease and explain how you may be exposed to liability.
Commercial leases are very complex and intimidating documents; however, understanding your obligations and your tenants’ rights will allow you to feel comfortable knowing that your exposure is limited. These documents function to maintain stability, predictability and in short, the status quo. Landlord-Tenant disputes often arise when a lease obligation is not being fulfilled or is unable to be filled, resulting in issues with the property. Ideally, the landlord and tenant should keep a good relationship in order to be able to resolve these disputes amicably without resorting to the court system or other formal dispute resolution mechanisms. Commercial leases require a lawyer familiar with the concepts and the law. Find a lawyer that has experience in the area because you will need a lawyer just as much after your closing as you did before. Perhaps the most difficult part of writing these articles relates not to the actual writing, but thinking of a topic to address. Please send letters to the magazine or to us. Use the website (schwarzlaw.ca), email (schwarz@schwarzlaw.ca), or phone us at 1-888-609-8888 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 real estate lawyer and partner in the law firm Schwarz Law LLP. 14G COM
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How to spot a successful condo investment opportunity
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hen it comes to investing in condos, not all projects are created equal. Some are more profitable than others, some provide investors excellent return on investment, while others do not. So, how do you know what to look for when choosing a condominium to invest in?
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2 LOCATION WITH UPSIDE POTENTIAL While it’s hard to go wrong when you invest in an established triple-A location like Bloor-Yorkville, anywhere near Yonge Street or King West, often it takes a little more foresight to see the greatest opportunities are in areas that are still in transition. Ten years ago, no one wanted to live at King and Bathurst. Now this area is one of the hippest and hottest in the city. Today for example, the east side of downtown is much cheaper on average than the west side, which provides an excellent opportunity to invest. 3 AREAS WITH HIGH RENTAL DEMAND
While there are hundreds of factors to consider when picking the right project, here are four tried and true ingredients for a successful condo project to invest your money:
When evaluating potential condo buildings to invest in, be sure to study the rental market in the immediate vicinity to see how much demand there is to live in the area. Look especially for two things: are rents increasing, and how many days on the market does the typical rental listing last? Areas with rapidly increasing rental rates and low time on the market are more likely to outperform other areas. One area that has a strong rental market right now is Yonge and Eglinton.
1 MULTI-PHASE PROJECTS
4 DEVELOPER HISTORY
Projects that are not just one-off buildings, but rather contain multiple buildings rolled out over time as part of a bigger master plan, are great for investment. If the project is successful at the start, prices always go up for subsequent phases. Getting in early in a multi-phase project is a proven method of making money in condo investing. Some well-known examples of multiphase projects and communities include Cityplace, Liberty Village, the Distillery District, and more recently, the revitalization of Regent Park.
On this point, I’m not referring to whether the developer has a solid history of building good product and finishing on time (while that is important). I’m referring to their history with their investor buyers. The best condo projects for investment are often those where the developer understands and puts a high value on the role of the investor buyer in the sales process. They reward their early investors with great prices, and this translates into strong asset appreciation by the time the building is complete.
Andrew la Fleur is an award-winning realtor with Re/Max. Andrew’s expertise is in helping investors make money in the Toronto condo market. Check out his blog at truecondos.com. Contact Andrew at 416.371.2333 or email andrew@truecondos.com
BED AND BREAKFAST IN PETERBOROUGH
Leading Edge Realty inc., Brokerage 905-472-7155 | 1-844-266-3611
• Award winning B&B on a very private waterfront estate. • Owned frontage with sandy beach. • 3 Gorgeous suites with fireplaces, plus owner's living area. • Completely renovated in the last 7 years. • Includes Gazebo, large decks, new docks & 2 storey detached garage. • Financing available to serious buyer.
John Procenko Broker
john@procenko.com
416.464.9909
0915_DJW_0001
11278694_0915
w w w. p r o c e n ko . c o m
SCHOMBERG REAL ESTATE
DIRECT (416) 662 -1080
LOCATION FOR LEASE ON MAIN STREET!
Commercial Portfolio
1908 SQ FT for lease on Main Street in Schomberg! Suitable for many office related uses. Zoned C1. 17.00/ SQ FT +++ Wheelchair access. Ample parking. 270 MAIIN STREET.
4 BR, 2 BTH, 2,000 SQ FT VICTORIAN FOR SALE
2,000 SQ FT Victorian Home available zoned C1. Zon allows for commercial uses such as Office, Medical, Dental, B&B. 6 CHURCH STREET ~ $589,900.
KING OFFICE
245 MAIN STREET IN SCHOMBERG
up to 16 UNIT MIXED USE TOWNHOUSE SITE FOR SALE
EXCLUSIVE ~ $2,230,900 ~ LOT ASSEMBLY~ PRINCIPLES ONLY
OFFICE (416) 441 -2888 X 472 $895,000 Land Exchange Ltd. Brokerage
Sales Representative
Tel: 519-396-8444
Exit Realty Hare (Peel) Brokerage
Independently Owned & Operated
Sales Representative
Broker
2514_DJW_0043
Port Elgin, On $ 589,000 FOR SALE IN KINCARDINE (ON LAKE HURON AND CLOSE TO BRUCE POWER) ENJOYING PRIME DOWNTOWN LOCATION:
0915_DJW_1_0005
e s, e.
Stephen Dignum
Bed & Breakfast
Well established and with close to a million dollars in gross sales (and only being open 5 days a week). Successful turnkey restaurant/ sports bar/banquet facility. Owner retiring after 35 years. Price includes almost an acre of land, buildings and business; also prime development property
Fiona Wilson & Russ Coultrup
Eugene Dignum
FOR SALE SPRUCE HALL B&B
11288672_0915
cell:
$5,900,000
THE COMMERCIAL INVESTOR SPOTLIGHT
Prime corner location. Two frontages of approx. 1100 ft. Serviced lot with massive potential. Invest now to be ready for next wave of development in choice location. Close proximity to Hwy #50 and Bolton Industrial Development and future highway corridor. Bolton bypass frontage. Includes House & Barn. City water connected, gas and sewer available. Approx. 6.83 acres in Brampton.
1.866.297.3948
32 ACRES FOR ESTATE LOTS! Prime opportunity to develop for Estate Lots in prestigious Palgrave Community in Caledon. Services available at the lot line....Gas and Water. Adjacent to existing development. Easy access to Hwy 9 and Hwy 50. Great for commuting to Toronto via 400/404/410.
$1,499,900
4914_DJW_1_0032
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SPOTLIGHT SECTION
www.eugenedignum.com
COMMERCIAL PROPERTIES • BUSINESS OPPORTUNITIES • FRANCHISE OPENINGS & MORE!
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VEN O R P H T I W IONS T A C O L E M I EPTS PR C N O C E S I FRANCH
S E I T I N U T R O P OP . W O N E L B A L I AVA 8302229_0915
ODAY. OUP INC. T R G N IA om ID BS iangroupinc.c id s b CONTACT O o t@ n e m 952 develop 1-877-272-2
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11294981_0915
CAMPGROUNDS FOR SALE
• 157 SITES + HOME ON 22 ACRES, LAKE HURON • 169 SITES + HOME ON 11 ACRES, LAKE HURON • 110 SITES + 2 HOMES ON 8.5 ACRES, WOODSTOCK Orio Fishleigh
Dave Bratt
Sales Representative
Sales Representative
dave.bratt@century21.ca
orio.fishleigh@century21.ca
519.532.5375
Woodstock: 871 Dundas St. | 519.539.5646 Tillsonburg: 86 Broadways St. | 519.688.0021 18G COM
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COMMERCIAL www.PBcommercialteam.com ** Sales Person + Broker
Premium office space at Tridel's new Hullmark Centre at Yonge & Sheppard! Approx. 916 gross sq. ft. with floor to ceiling windows overlooking Yonge St. and underground access to two subway lines! For sale! Call for pricing!
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Prime Danforth & Vic Park commercial building! 1,888 Sq. Ft. w/ Retail & Office spaces. Close to subway with excellent Danforth exposure! Same owners since 1983! Current main flr chiropractic clinic and 2nd floor office! Amazing opportunity for owner/user. $688,000. 0915_DJW_1_0082
TORONTO WEST APARTMENT BUILDING
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Prime 10 story, over 100 unit apartment building in excellent Toronto East location! Excellent investment! SItting on over one acre, low maintenance investment opportunity! $11,750,000. 0915_DJW_2_0080
MISSISSAUGA AUTO UNIT & BUSINESS
Stunning 3383 Sq. Ft. office space! Modern class ‘A’ office building. Prime ‘Shops At Don Mills’ location! Current medical office w/superb leaseholds! Can be used for any professional use; tons of windows/great views! $18.95/Sq Ft. Net 0915_DJW_1_0080
Turn-key 4,354 sq. ft. automotvie operation in modern high traffic Mississauga Plaza! Previous Goodyear location at busy Dundas/Mavis intersection. Beautiful exterior w/ amazing street exposure! Large reception/sales area, huge garage w/ 19+ft ceilings, large mezzanine, 3 front bay doors & 3 rear bay doors! $23.50/sq. ft. net. 0915_DJW_2_0075
Automotive commercial condo unit, business & equipment for sale near Derry & Tomken. 15 allocated parking spots. 4 drive-in doors with 1 oversized. Close to Hwys 410, 401 & 407. Contact Kristyn Cruz at 905-477-0011. 0915_DJW_2_0104
INDUSTRIAL LEASE SPACE
TORONTO - OFFICE/ RETAIL SPACE
WORLDWIDE TROPHY ASSETS!
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Attention Investors! A 96 unit, low maintenance apartment building located in a superb West Toronto location. Sitting on over 2 acres this practically runs itself and with rarely any vacancy! $13,250,000. 0915_DJW_1_0081
Prime Markham corner lot! 3.37 acres with residential & commercial coning! Huge ravine property with historic home circa 1835 and detached 6 car tandem garage! Run your business, live and/or develop later! $1,690,000 0915_DJW_0071
PRIME AUTO LOCATION
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VIC PARK/DANFORTH SUBWAY RETAIL/OFFICE BUILDING
PRIME MARKHAM CORNER COMM/RES
Great Warden/Lawrence industrial lease space. Two units available one approx. 6,000 sq. ft. and another approx. 3000 sq. ft. Excellent street exposure, plenty of truck level doors. Call for pricing. 0915_DJW_2_0076
Excellent 1127 square foot office/ retail space at Lawrence/Warden! Spacious unit with bathroom, drop ceiling in newly modernized plaza! $14.95/SF Net. 0915_DJW_1_0076
• Downtown Manhattan skyscraper! Both comm & retail space: $975M • Las Vegas, NV casino! 21 floors on approx. 37 acres: $475M • Brooklyn Hotel, popular hotel chain, over 320 rms: $169M • Las Vegas, NV hotel/casino over 3,800 rms, 80% complete: $470M • NY city hotel, 140 rms, 3 star asset, approx. 5% CAP: $103M PRINCIPALS ONLY
11286152_0915
YOUNG/SHEPPARD OFFICE SPACE
www.PBcommercialteam.com | Team@PBTeam.com 5071 Highway 7 E., Markham ON L3R 1N3
*Based on Re/Max International Commercial Commissions in 2014 1St Q
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