May 23 - June 20, 2015, Volume 15 Issue 05
INCORPORATING FRANCHISE AND BUSINESS OPPORTUNITIES Full Coverage Area Including Windsor, Hamilton, Toronto, Niagara Falls, Kingston and Ottawa! 3 STOREY BUILDING AVAILABLE ON HAMILTON MOUNTAIN
TILLSONBURG - 27-SUITE CONDO APARTMENT BUILDING $1.3 MILLION
19,000 square feet available on 3 floors plus full basement. Currently the building is set up as a school, with offices, classrooms, and medical and computer labs. Each floor is 4750 sqft. The building is in great condition with a new roof and operating elevator. Located on the Hamilton Mountain, along the busy Upper James St. corridor just North of the expressway. Lease rate is $17 per sqft. plus TMI or asking 3.3 million to purchase.
Nicholas Kazan, Broker | Nicolas Von Bredow, Broker Royal LePage Macro Realty, Brokerage Independently Owned and Operated
Tel: 905-574-3038
1-888-751-2229
Nice, brown brick 3-storey, 27-suite condominium apartment building which is currently rented. Features: 18 - 2-bedroom and 8 - 1-bedroom suites, plus 1 Bachelor suite; balconies; controlled entry. ASKING $1.3 Million. EXCLUSIVE LISTING. For marketing brochure contact:
Winston Davies, Broker of Record
WinCorp Realty Inc., Real Estate Brokerage, 45 Keats Crescent, Guelph, ON N1G 3B1 Tel: 519-836-2080 Fax: 519-836-2081 Email: wjmdavies@rogers.com
2115_DJW_0047
2115_DJW_0046
THE PERFECT FAMILY BUSINESS
A FRESH APPROACH to
Hospitality Financing. T: 905.814.8030 E: info@ogicapital.com W: www.ogicapital.com
COMMERCIAL LENDING
Donna J. Smith, Broker
RE/MAX Orillia Realty (1996) Ltd. Brokerage, 705-325-1373
donnajsmith@remaxorillia.com Direct: 705-330-1289
FREE SUBSCRIPTION!
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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. Call for details.
OGI Capital Financial Services is a trademark of Obsidian Group Inc.
1314_DJW_0081
Get The Commercial Investor delivered directly to your door! See inside for details
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SOUTHWESTERN ONTARIO INVESTMENT TEAM
SOUTHWESTERN ONTARIO INVESTMENT TEAM INVESTMENT OPPORTUNITIES Investment Opportunities Retail Development Site
27,644 sq. ft. Retail Plaza
Waterloo, 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
Barry Poley* 519 286 2015 barry.poley@cbre.com
• • • •
• 4.74 Acres • Approved to permit a 49 unit townhouse complex or 63 unit apartment complex • Asking $1,100,000
• • • •
Built in 2012 - low maintenance investment Condo fees included in additional rent NOI - $153,231 Asking $2,500,000
Martin Cote* 519 340 2317 martin.cote@cbre.com
Tim Schnurr* 519 286 2018 tim.schnurr@cbre.com
32 Acre Potential Development Land
Industrial Land For Sale
Southwold, ON
London, ON
• Flat site, currently under crop production • Fronting onto Ford Road & Hwy 3 • Reduced Price $1,200,000
• • • •
25 acres of development land to be severed Zoned LI2 with all services at the road Will consider small parcels Reduced Price $1,475,000 | $59,000/acre
David Yanoshita* David Cousins* 519 286 2020 519 286 2006 david.yanoshita@cbre.com david.cousins@cbre.com
Kevin MacDougall** 519 286 2013 kevin.macdougall@cbre.com
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
Fully leased industrial facility Strong tenant on long term lease High exposure site with excess land Asking $4,345,000
Mitchell Blaine* 519 340 2309 mitchell.blaine@cbre.com
Retail Plaza Investment
London, ON
Simcoe, ON
London 380 Wellington Street, Suite 30 N6A 5B5 T 519 673 6444 F 519 673 6948
Hamilton, ON
Ground Floor Commercial Condo
Residential Development Opportunity
Joe Benninger* CCIM 519 340 2323 joe.benninger@cbre.com
Sale Leaseback Opportunity
London, ON
• St. Jacobs Farmer’s Market district • 9 acres rough graded existing SWM pond • Adjacent to St. Jacobs outlet mall
11284449_2115
Fort Frances, ON
• • • •
7,400 sq. ft. strip plaza Directly across the street from Tim Horton’s Projected Net Income: $94,000 Asking $650,000
Dietmar Sommerfeld** 519 340 2314 dietmar.sommerfeld@cbre.com
Retail-Office-Residential Investment London, ON
• 15,915 sq. ft. on 0.45 acres • Located in west London on prime artery • Reduced Price $2,100,000 Jack Cox** 519 286 2007 jack.cox@cbre.com
* 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
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BRAMPTON LONDON ANTT S! RCEE EN RGE AATDIO R C G O ULP
$2,875,000 • Asking $2,195,000 $79,861 per • Asking $146,333 perSuite Suite Many Recent Upgrades • Located in Great Including Roof, Parking, Neighbourhood Close to Common Recreation Area Hallways, Schools, Unit Renovations Centre & Other • Professionally Ammenities Managed Property all Re-done • Balconies • Located in 2014 in North End of London,Hallways Close to • Terrazo University of Own Western • Tenants Pay Hydro OntarioItems in Good • Capital Condition
EAST TORONTO HAMILTON UP 2S 3. R RE.OI4D% E N.TI. ON S
• 19 2 xxBachelor One Bedrooms 5 xxOne 17 Two Bedrooms Bedrooms 8 x Two Bedrooms • Individually metered • Additional Income Tenants Pay Own Potential Hydro Through Parking
StorageSurface Lockers •& Outdoor Parking • 5.2% Cap Rate • Upside Potential on Rents • 11.8% R.O.I. • 6.0% CAP Rate • Ex. 1st Mortgage to • 23.4% R.O.I. be Assumed of Approx. • Treat Financing as $1,250,000 @ 3.12% due Clear December 2022
36 Suites SUITES 15
OTA NDEDIN SRS! OAC E CPE TA SR OUDO A L R T B PSG U&
$2,400,000 • Asking: Asking $31,500,000 $1,950,000per Suite • Asking $106,780 •• High demand area Two BuildingsAnnex (147 & immediately nextconnected door to 148 Units) with Subway Station & close to underground parking & Bloor Street West approximately 42 garages • First property is a 19 unit with garage doors licensed, upper scale rental • accommodation Buildings Currently Being fora more • SecondUpgraded property is Energy Efficiencies conventional investment Includingwith New Gas property 3 apartments + 3 rooms with shared Heating Systems, Gas Hot common areas onSeparate top floor Water Systems,
Hydro Metres & LED
• Asking $1,495,000 $1,299,000 •• Asking Goreous Centuryper Mansion $86,600 suite on 4 Acres with 7 Legal • Building situated Apartment Units immediately outside • Cabana by the Pool (Used for Short Term Rental) downtown area in a • Main House is Approx. beautiful natural setting 5,000 Sq. Ft., Including a • 700 Superintendent on-site Sq. Ft. Solarium • Beautifully Landscaped Currently fully occupied Withown Rock • Property Tenants pay Hydro Waterfalls, Walkways, individually metered In-Ground Pool & Lots of Trees & Shrubs
TLU RRSN PPOR AP D GIK TLOE EEY OPN TETRIA TL Y!
• 14 7 xxOne TwoBedrooms Bedrooms 11xxFive Bedrooms Three Bedrooms Unique •• A Well waterInvestment is routinely Opportunity with Future tested & maintained Development Potential • Property subject to • There are Several Large registered easement Development Proposals • North-West 6.4% CAP Rate & not Far • From 17.6%This R.O.I. Property • Words are not Simply Treat financing as Clear to Pizzoferrato Describe This • Enough Call Dani Property. Scroll Through for further details Photos on Website • Treat Financing as Clear
7 SUITES 15 S +UITES MANSION
22 x Bachelors • 78 One Bedrooms • 148 1 xx One Two Bedroom Bedrooms • 62 2 xxTwo Bedrooms Three Bedrooms • Seller prefers to sell both 3 x Four properties asBedrooms a package. 2 x Commercial (Speak to L/A. SellerUnits may sale as of individual • consider Fully Rented of property) March 2015 • Call Listing Brokerage • 5.0% CAP Rate office for income & • expenses Ex. 1st Mortgage to be due • Assumed Treat As Clear • November Properties are listed 2016 as Heritage buildings • Buyer to Arrange Own Secondary Financing
MTR E ATS A ENCLTUART ANEA E TSR
LTT D! ELAN NS ERCEE TD OEE RGW A IN A T R C N I G O A P L U M
• 63x Bachelor • Asking Asking $5,800,000 $2,295,000 x Bachelors •• Asking Asking $71,605 $99,783per perSuite Suite 9 x One Bedrooms 43 x One Bedrooms • Well Maintained & Clean 11 x Two Bedrooms • Historic School House • Great Older • 29 5.25% CAP Rate x Two Bedrooms Converted to Apartments Superintendent Couple in • Ex. 1st Mortgage Must 3 xAssumed. Three Bedrooms • Possibility be $1,273,614 the 1990’s to Convert Hydro to Individual Metres • Well @ 3.22% P+I $6,524 Maintained and due • Professionally Managed • Solid Concrete Jan ‘23 Property Property Construction • Landscaped Second Mortgage may be Windows with • Thermal Large Apartments assumed by Buyer • 6.0% CAP Rate Large Bedrooms • Building Experiences Very • Seller may Consider a • 19.9% R.O.I. •Located in a Quiet VTB 3rd Mortgage Little Vacancy Residential • Seller is a Registered Real • Treat Financing as Clear • Ample Surface Parking Neighbourhood Estate Broker
2 293 CENTRAL SUITEST.O. + 2 Comm. BLDGS
81 SUITES 23
OSHAWA LONDON
GRAND COLLINGWOOD VALLEY
CLARINGTON HALIBURTON T ST U WN M SC!E OE C E DAEN RAEL SEE N A R T G N PI MUA
PELHAM ORILLIA (NIAGARA)
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• 1 x Bachelor This 69-Unit Complex sold • Asking $78,958Townhouse per Suite 3 x One was Bedrooms • Asking $1,895,000
exclusively by Skyview Realty Ltd, Brokerage.
• Short Drive to University
x Two Ideally located in the North20End of Bedrooms Oshawa, of Western Ontario the property was&well maintained • 5.1% CAP and Ratelocated close to all amenities, making it a highly sought Fanshawe College • 15.0% afterStorey rentalWalk-Up location. There wasR.O.I. upside • Four potential on rents and the capital items were • Ex. 1st Mortgage of • Clean & Well Maintaned in good condition on the date of closing. The Approx. $890,000 @ Property property experienced little vacancy and had 5.433% due August a good tenant base. was sold2017 by • Attractive Low Rate VTBThe property to Coincide With Maturing
Dani Pizzoferrato.
(CMHC Insured) to be
of 1st Mortgage
Assumed
69 T 24 OWNHOUSES SUITES
DU 2U4PPS 6P 4O L IE ULN XE DXE T6X E+ IT + PNLC TO S EIXAM L! ESM
T RETN L!E ELN S N ELA EEC CN IVOEIL D R T X E A A E GN G OCR PA L R U O
• Asking $1,275,000 $799,000
• 8 1 x xBachelor One Bedrooms 16 x Two Bedrooms • Asking $99,583 $88,778 per Suite 6 x 1 Bedrooms • Grand Valley is About a • Nicely Landscaped with including the Commercial 101minute Drive West of x 2 Bedrooms Private Driveway & Large unit. Orangeville Common Parking Lot 1 x Commercial Unit • Electric Heating System • Located Along Main • Some units Have With Tenants Paying Their • 7.2% CAP Commercial Strip Upgraded Flooring, Own Hydro • Near New Shoppers 17.0%CAP R.O.I. Kitchen Cabinets & Drug • 6.5% Rate Mart & Other AAA • 14.5% R.O.I Washrooms • Treat as Clear • Ex. 1st Mortgage to be Retailers • Good Size Units with Assumed December • VTB SmallDue Second Upper Level Private • Tenants Pay All Utilities 2022, Bearing Interest at Available Balconies • Good Redevelopment Site 3.37% per annum
24 10 SUITES SUITES 8172756_2115
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EN V O R P H T I NS W O I T A C O L E TS P E PRIM C N O C E FRANCHIS
S E I T I N U T R O OPP . W O N E L B A L I AVA . INC. TODAY P U O R G N BSIDIA groupinc.com n ia id s b CONTACT O o t@ en 52 developm -877-272-29
1
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247 CENTENNIAL PARKWAY N., HAMILTON
QEW & CENTENNIAL PARKWAY 45 GODERICH
OFFICE SPACE
COMMERCIAL/RETAIL/ OFFICE SPACE
OFFICE SPACE
Close to Court House, City Hall and McMaster, Available Immediately Downtown office space from 489 sq. ft - 1548 sq. ft. From $650/month + HST
For Lease - 4150 sq. ft. - from $7.50 per sq. ft. Close to QEW, Red Hill Parkway & major bus routes.
Available Immediately 4223 sq. ft. From $5300/month Plenty of parking and signage. Easy access to QEW
8 MAIN ST. E., HAMILTON
1715_DJW_2_0029
1715_DJW_1_0028
1715_DJW_1_7007
905-777-0252 ext 304 E-mail:
info@desantis.com
www.desantis.com
8148088_2115
Tony DeSantis
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$995,000
2115_DJW_0029
2115_DJW_0009
• 3,200 sq. ft. auto garage • 84 ft frontage on 0.22 acre • 3 bays plus ample parking • MR-6 Zoning close to Uptown Waterloo • Land & Building only • Call Ryan Briggs
• HD sprinkler system for Class IV commodities • 50 Harwill Road • Call Paul Goulet
$5.25M
49 CONESTOGA COLLEGE BLVD, KITCHENER
$3.5M
$1.8M
181 FREDERICK ST, KITCHENER
$875,000
2115_DJW_1_0032
• 30 Unit condominium building with 1 level of underground parking. • Call Ryan Briggs
$569,900
8372 SIDEROAD 30, FERGUS
$549,900
2115_DJW_0062
• Double detached garage • Well and septic with propane & electric heat • Call Ryan Briggs
$12.95 P.S.F.
55 DELHI ST, GUELPH
• On bus route • 12,000 s.f. + basement • 25 spaces parking • Call Ryan Briggs
735 WOOLWICH ST, GUELPH FOR LEASE!
4 - 51 WOODLAWN RD W, GUELPH
• 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
KITCHENER, ONTARIO
519.578.0337
CELL:
$11.95/SF 11280798_2115
FREDERICK MALL, KITCHENER
2115_DJW_1_0002
• 1910 Georgian Revival architecture, originally the nurses residence • Located directly beside Guelph General Hospital
2115_DJW_1_0021
• 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
2115_DJW_1_0104
• 10.1 acres with landing strip & plane hangar • 3 bedroom raised bungalow • Single attached garage
• Vacant Land for redevelopment • High visibility in Kitchener's Downtown core. • Zoning allows numerous commercial uses • Public transit at door • Call Duncan McLean
• Century Home currently converted to office • Prime location in Downtown Kitchener • Double garage plus an additional 10 parking spaces in the rear • Finished basement with separate access • Call Ryan Briggs
2115_DJW_1_0156
373219 6TH LINE, AMARANTH
$575,000
26 KING ST E, KITCHENER
2115_DJW_1_0053
• Four properties on 0.58 of an acre. • Zoned MR-6. Architectural concept drawings for a 6 storey
• 8 single detached plus 27 townhome lots • Services on street • 5 minutes to Toyota & Woodstock • 5 minutes from Hwy 2 & 401 interchange • Call Ryan Briggs
• 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
2115_DJW_6666
146-154 ERB ST W, WATERLOO
$1.75M
RESIDENTIAL LOTS, INNERKIP
2115_DJW_1_0020
• 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
$695,000
• High profile property at busy Weber/Victoria intersection • D6 zoning allows numerous permitted uses • 0.35 acre property • 1,296 sq ft building • Long term month-to-month tenant in place • Call Duncan McLean
2115_DJW_1_0034
2115_DJW_1_0033
2480 HOMER WATSON BLVD, KITCHENER
111 WEBER ST W, KITCHENER
2115_DJW_1_0094
• 88,000 square feet • 20 foot clear height • 40 x 40 column bays • 8 insulated dock leveller doors
v
159 ERB ST W, WATERLOO
2115_DJW_0010
$4M
INDUSTRIAL, ST THOMAS
• 1,114 square foot unit with drive-in door, 2 offices, washroom & open area • Great exposure close to Walmart, Home Depot, Canadian Tire, etc. • CAM $6.95/sf • Call Ryan Briggs or 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
RYAN BRIGGS
DUNCAN MCLEAN
CHRIS McFARLANE
PAUL GOULET
Sales Representative
Sales Representative
Sales Representative
Sales Representative
519.498.5775
Ryan@cmarealty.ca
CELL:
519.590.7997
Duncan@cmarealty.ca
CELL:
519.588.6683
Chris@cmarealty.ca
CELL:
519.878.0223
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SOUTHWESTERN ONTARIO INVESTMENT TEAM
SOUTHWESTERN ONTARIO INVESTMENT TEAM INVESTMENT OPPORTUNITIES Investment Opportunities Retail Development Land
High Exposure Commercial Development Land
• 6.11 Acres • Immediate access to Hwy 401 E/W • Daily traffic counts in excess of 22,800
• 10.5 Acres • Zoning: Shopping Centre Commercial (CSC) • Asking $3,300,000 ($314,525/acre)
Martin Cote* 519 340 2317 martin.cote@cbre.com
Martin Cote* 519 340 2317 martin.cote@cbre.com
Joe Benninger* CCIM 519 340 2323 joe.benninger@cbre.com
David Cousins* David Yanoshita* 519 286 2006 519 286 2020 david.yanoshita@cbre.com david.cousins@cbre.com
Owner/User Opportunity London, ON
• • • •
123 acres Currently zoned agricultural land Within City of Cambridge municipal boundary Asking $4,500,000
Mitchell Blaine* 519 340 2309 mitchell.blaine@cbre.com
Six (6) unit neighbourhood shopping plaza 14,515 sq. ft. on approx. 1.72 acres Projected 2015 NOI: $264,464 Asking $3,150,000
David Cousins* 519 286 2006 david.cousins@cbre.com
Brook Handysides* 519 946 3030 brook.handysides@cbre.com
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
Joe Benninger* CCIM 519 340 2323 joe.benninger@cbre.com
State-Of-The-Art Facility Chatham, ON
• • • •
Oil Change & Car Wash totaling 4,908 sq. ft. ± 1.8 acres, future development possibilities Well constructed facility in like-new condition Asking $2,790,000
Kevin MacDougall** 519 286 2013 kevin.macdougall@cbre.com
Commercial Development Land
Windsor, ON
• • • •
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
Banwood Square | 3335 Banwell Rd.
• High end office space with park-like setting • Zoning permits medical/dental, clinics, general offices and warehousing • Asking $2,400,000
London 380 Wellington Street, Suite 30 N6A 5B5 T 519 673 6444 F 519 673 6948
• • • •
Cambridge, ON
London, ON
26.4 acres total; will demise into smaller sites Zoned CSA5 (3) Community Shopping Area $525,000/acre for Wharncliffe Rd. frontage $375,000/acre for interior parcels
Joe Benninger* CCIM 519 340 2323 joe.benninger@cbre.com
Cambridge, ON
Future Development Land
Commercial Development Land
• • • •
Mixed Use Neighbourhood Plaza
Simcoe, ON
Morriston, ON
11276500_2115
London, ON
• • • •
Wellington Road just south of Commissioners 0.65 acres with 150 feet frontage ASA zoning permits broad range of uses Asking $795,000
Barry Poley* 519 286 2015 barry.poley@cbre.com
* Sales Representative ** Broker
Joe Benninger* CCIM 519 340 2323 joe.benninger@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
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PETER MULLINS R E A LT Y, B R O K E R A G E
The Sale, Leasing & Management of Real Property
For current updates on our properties: follow us on Google+
For Sale: Grand Bend
Development Opportunity
One of the best corner sites in SW Ontario
$4,250,000.00
Located at the corner of Main and Ontario Streets, this 3.54 acre site includes the Colonial Hotel (AGCO 204), the Gables Bar (AGCO 502), The Beer Store, a two-storey rental house, an owners log cabin, storage and drive sheds, and an extensive parking area (140 cars+) to serve the businesses. The Colonial Hotel and Restaurant/Bar is open year round, benefiting directly from Grand Bend’s winter activities, and its proximity to the Pinery Provincial Park, with cross country skiing and snowmobile trails. Grand Bend is a growing community on the shores of Lake Huron, located one hour from London and Stratford, 90 minutes from Kitchener/ Waterloo and 3 hours from
For more information please contact:
Peter Mullins, Broker of Record
888.878.0004 • petermullinsrealty@gmail.com
11297449_2115
Toronto.
WWW. PETERMULLINSREALTY.COM 10G COM
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Volume 15 Issue 05
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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For advertising information call
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Commercial Real Estate & Business Opportunities
Volume 15 Issue 05
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
Special Features 8 BUSINESS SAVVY — Record number of Canadian businesses looking at deals, despite tough economy Opportunities exist for strategic, innovative deals 12 IN THE NEWS — Building permits soar 11.6 per cent in March 16 INVESTOR ADVICE — Should condo investors fear the rental boom? 34 IN THE NEWS – Hamilton is Canada’s affordable, attractive ‘anchor city’ Says Colliers International Report 38 TREB REPORT — GTA Realtors report commercial market figures 46 BUSINESS BAROMETER — Small biz confidence slips in April 52 IN THE NEWS — Uptick in development shows confident state of Canadian and U.S. industrial markets – Avison Young releases its Spring 2015 Canada, U.S. and U.K. Industrial Market Report GLOSSY SECTION EDITORIAL 12 LEGALLY SPEAKING — Are ASSETS or SHARES your best bet? By Jayson Schwarz & Konstantine Chatzidimos
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Commercial Real Estate & Business Opportunities
Volume 15 Issue 05
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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NewSectionPages_FullColor2015.indd 2
2015-03-19 3:47 PM
Vol
-19 3:47 PM
Volume 15 Issue 05
5 Kitchener/Waterloo Guelph & Cambridge
Commercial Real Estate & Business Opportunities
www.teammilovick.com
519-745-7000
Grand Valley Realty
BROKERAGE INDEPENDENTLY OWNED AND OPERATED
Unit 15C, 370 Highland Road West, Kitchener, ON N2M 5J9
Mike Milovick B.B.A., CCIM, Broker
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 310 KING STREET NORTH, WATERLOO
52 NOECKER STREET, WATERLOO
925,000
$
• $72,000+ Gross Income • Licensed Triplex • 13 Rental bedrooms
• Two Units Purpose Built • MR-25 Zoning • MLS®
899,900
$
2115_DJW_2_0094
32 HICKORY STREET WEST, WATERLOO
689,900
$
• $61,200 Gross Annual Income • $9,200+ Annual Cash Flow with Just 20% Down • Rental Licensed, Ten Bedroom (5+5) Duplex • Steps to Wilfrid Laurier University • MLS®
516,000
158 ERB STREET WEST, WATERLOO
• $36,000+ Gross Income • Fourplex • Licenses Pending • Newer Furnaces, Roof • Close to WLU, Future LRT • MLS®
399,900
2115_DJW_0054
144 ERB STREET WEST, WATERLOO
• Close to two future LRT stations • MLS®
399,900
$
2115_DJW_1_0099
104 MCDOUGALL ROAD, WATERLOO
• $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® 2115_DJW_0055
14-453 ALBERT STREET, WATERLOO
• • • •
Two parking spots 5 min walk to UW Hands off, turnkey investment MLS® 2115_DJW_1_0013
17-12 BRIDGEPORT ROAD EAST, WATERLOO
214,900
• $30,000+ Gross Potential Income • Three+Three Bedroom Lay Out • Newer Roof and Windows • Easy Walk to UW Tech Park • MLS®
329,900
Fully licensed end unit. Always rented Generates large income Large unit, spacious bedrooms
324,900
$
5.00 PSF
$
$
2115_DJW_0057
• $32,000+ Scheduled Gross! • Spacious Unit • Authentic Loft
2115_DJW_0056
1305 VICTORIA STREET NORTH, KITCHENER
317,900
$
• Projected Gross Rent of • Updated Kitchen and $23,000+ Baths • Four Bedroom, Rental • MLS® Licensed
2115_DJW_1_0092
197A CEDARVALE CRESCENT, WATERLOO
$
• • • •
2115_DJW_1_0098
14 YOUNG STREET WEST, WATERLOO
$
$
387,500
497,500
$
2115_DJW_2_0004
• 5+1 Bedroom Property • Rental Licensed, City Approved • MR4 Zoning
2115_DJW_0053
• Duplex Approval Pending • Rare, Super Clean Opportunity • Easy bike ride to both Universities • Exceptional! AAA • Exclusive
$
2115_DJW_1_0096
• Rental Licensed Exempt 4Plex • MR-25 Zoning • MLS®
223 DEARBORN BOULEVARD, WATERLOO
• $48,000+ Annual Gross • Spacious bedrooms, two Income Available! car garage for landlord • 9 student city-approved, or tenant storage. rental licensed property • MLS®
• $42,900 Gross Scheduled Income • Five+Three Bedroom, Rental Licensed • Fully Rented for September, 2015 • Easy Walk to WLU/UW • MLS®
$
2115_DJW_2_0095
885,000
$
• Entry level apartment building • Under-rented
465 HAZEL STREET, WATERLOO
130 ERB STREET WEST, WATERLOO
422,300
313 REGINA STREET NORTH, WATERLOO
• $79,000+ Gross Potential Income • 15 students • Newer purpose built • Leased to May, 2015 • Exclusive
• 100% Student Complex • 5 Bedroom Rental License • MLS®
2115_DJW_1_0101
• 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 2115_DJW_2_0013
8302191_2115
e 05
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Commercial Real Estate & Business Opportunities
Volume 15 Issue 05
Kitchener/Waterloo Guelph & Cambridge
COLDWELL BANKER COMMERCIAL COLDWELL BANKER COMMERCIAL PETER BENNINGER REALTY, BROKERAGE PETER BENNINGER REALTY, BROKERAGE
508 RIVERBEND DRIVE, KITCHENER, ON. 508 RIVERBEND DRIVE, KITCHENER, ON. Phone: 519‐743‐5211
www.coldwellbankerpbr.com/commercial www.coldwellbankerpbr.com/commercial
OFFICE/RETAIL FOR LEASE
OFFICE/RETAIL FOR LEASE
1,485 SF- 2,056 SF · $16.00/SF · MLS: 1432155/163/162 · Waterloo ·Located at the 1,485 SF 2,056 SF · $16.00/SF entrance to the new Carriage Crossing upscale MLS: 1432155 /163 /162 · Waterloo community. Zoning allows for many uses includLocated at the entrance to the new Carriage ing retail, business, medical office and more. Crossing upscale community. Zoning allows Only 3 units left! End Cap unit w/finished patio! for many uses includingFOR retail, business, OFFICE/RETAIL LEASE John Hoffman*/Gary Boudreau*
www.coldwellbankerpbr.com/commercial medical office and more. Only 3 units left! End Cap unit w/finished patio! 1,049 SF · $19.95/SF· MLS: 1447244· Kitchener 1,485 SF- 2,056 SF · $16.00/SF · MLS: John Hoffman*/Gary Boudreau* Last unit! Drive-up retail/office unit located in 1432155/163/162 · Waterloo ·Located at the
newly developed community, from Hwy entrance to the Carriage minutes Crossing upscale 1,049 SF · new $19.95/SF· MLS: 1447244· # 401 and Conestoga College. Lester Tobin* community. Zoning allows for many uses includKitchener Last unit! Drive-up retail/office ing retail, business, medical office and more. unit in newly developed community, 1,153located SF - 3,853 SF · $24.00 - $30.00/SF Only 3 units left! Hwy End Cap unit w/finished patio! minutes # 401 and Conestoga MLS: 1437from 13/614/608/599/602/595/607/605 John Hoffman*/Gary Boudreau* Kitchener · New space at Sportsworld Crossing. College. Lester Tobin* Join existing retail & restaurant traffic draw.
1,049 SF · $19.95/SF· MLS: 1447244· Kitchener Lester Tobin*/ Gary Boudreau* 2,598 SF · $11.00/SF Net · MLS: 1511580 Last unit! Drive-up retail/office unit located in Kitchener · High traffic; Vehicles 2,598 SF · $11.00/SF Net 44,914 · MLS: 1511580 newly developed community, minutes from Hwy Kitchener traffic; 44,914 Vehicles daily. daily. M 3· High Zoning. # 401 and Conestoga College. Lester Tobin* M 3 Zoning. John Hoffman*/ GaryBoudreau* Boudreau* John Hoffman*/ Gary 1,153 SF - 3,853 SF · $24.00 - $30.00/SF
e: commercial@coldwellbankerpbr.com e: commercial@coldwellbankerpbr.com
920 SF Divisible· $1,999/ Mth·MLS:1337773 COLDWELL BANKER COMMERCIAL 874 SF · $1,300/Mth· MLS 1514546 · Port 1,100OFFICE/RETAIL SF · $16.00 SF· FOR MLS SALE 1521635 · Waterloo · Impressive, 2nd floor office in well PETER BENNINGER REALTY, BROKERAGE Elgin High traffic retail oflocation. Located Kitchener · High Traffic High known building. Abundance natural light. RETAIL OR REDEVELOPMENT SITEexposure 1,586 SF · 0.12 Acres parking · $979,000available for 24/7 electronic board. Freeatparking with across from reader Tim Horton’s signalized location. On-site 508 RIVERBEND DRIVE, KITCHENER, ON. MLS:1421708, 1421709 · Kitchener · Unique many amenities nearby. Very accessible, Hwy intersection. tenant . Lester Tobin* Phone: 519‐743‐5211 85 & iXpress seconds away. Colin Vogel* High Profile Location. Corner Lot. Located beside farmers market. Great Re-development James Boudreau**/Gary Boudreau* 1,058 SF· $1,000/Mth· MLS:1444266 ·Kitchener site. Lester Tobin* Great space for professional, medical or office. 2,237 SF · $14.00/SF· MLS: 1521035 2,550 SF · on$12.00/SF· MLS:Boudreau* 1521428 4,900 SF· 1,450,000 · MLS 1517403· Kitchener Ample parking King. Gary 920 SF Divisible· $1,999/ Mth·MLS:1337773 OFFICE/RETAIL Waterloo · Private entrance winding FORwith SALE Cambridge· Retail store front unit with high Exceptional property. Freestanding, Renovated, Waterloo · Impressive, 2nd floor office in well stairway tovery professional 2nd floor new HV/ACleading installed, interesting building. 2,786 SF · $32.00/SF Net · MLS:1444530 exposure and high traffic.ofLocated in down- 23 known building. Abundance natural light. parking spaces onsite. John RETAIL OR REDEVELOPMENT SITEHoffman* office. Well appointed reception area. Waterloo · High profile location inLester Waterloo’s town Preston. Tobin* 1,586 SF · 0.12 Acres · $979,000 Colin Vogel* 24/7 electronic reader board. Free parking with OFFICE BUILDING FOR SALE/LEASE University district. Two level retail unit with MLS:1421708, 1421709 · Kitchener · Unique many amenities nearby. Very accessible, Hwy on-site parking at base of a student 920 SF situated Divisible· $1,999/ 12,184 SF · $2,095,000 OR $5.50/SF · Waterloo 85 & iXpress seconds away. Colin Vogel* High Profile Location. Corner Lot. Located apartment building. Waterloo ·Lester Tobin* beside MLS 1521512 Well suited office building, high farmers ·market. Great Re-development Mth·MLS:1337773 Impressive, 1,058 SF· $1,000/Mth· MLS:1444266 ·Kitchener site. finishes throughout, existing Tobin* furnishings OFFICE/RETAIL FORLester SALE 2nd spacefloor office medical in or office. well quality Great for professional, 1,500 10,759 SF · $26.00/SF Net are included. James Boudreau** Ample parking on King. Gary Boudreau* known building. Abundance of natural light. 4,900 SF· 1,450,000 · MLS 1517403· Kitchener MLS: 1512116 · Kitchener · New retail plaza on Exceptional property. Freestanding, Renovated, 24/7 electronic reader board. Free parking corner of Fischer - Hallman and Seabrook Dr. FOR newINDUSTRIAL/WAREHOUSE HV/AC installed, very interesting building. 2,786 · $32.00/SF Net · MLS:1444530 with SFmany amenities nearby. High-exposure high traffic. Ample on-site Very RETAIL 23 parking spaces onsite. John Hoffman* OR SALE/LEASE REDEVELOPMENT SITE Waterloo · High profile location in Waterloo’s accessible, Hwy 85 & iXpress seconds drive-up parking. Lester Tobin* 1,586 SF · 0.12 Acres · $979,000 OFFICE BUILDING FOR SALE/LEASE University district. Two level retail unit with away. Colin Vogel* 10,688 SF · $6.75/SF· EXCLUSIVE · Waterloo 1421709 · Kitchener 12,184 SF · $2,095,000 OR $5.50/SF · Waterloo· on-site situated at base of a student 21,775 parking SF · $5.50/SF · MLS 1518080· Kitchener MLS:1421708, Great Location. Exposure to King St. N. Across High ·Profile Location. Cornerhigh Lot. apartment building. Lester Tobin* Unique MLS 1521512 Well suited office building, Excellent manufacturing and/or warehouse 1,488 SF - 2,007 SF · $24.00 - $26.00/SF from Conestoga Mall. John Hoffman* Located beside farmers market. Great quality finishes throughout, existing furnishings facility. Good power, loading and parking · Kitchener · New space at 3,931 SF · $3.00/SF · MLS:1414196 · Kitchener Exclusive site. Lester Tobin* 1,500 - 10,759 SF · $26.00/SF Net are included. James Boudreau** R. Blake Hull* Re-development Sportsworld Crossing. Join existing retailon& Dry storage or distribution at a low cost. Extra MLS: · Kitchener New retail plaza 1,100 1512116 SF · $5.50/SF· MLS ·1521635 · Kitchener yard space available. John Hoffman* restaurant traffic draw. INDUSTRIAL/WAREHOUSE corner of Fischer Hallman and Seabrook Dr. FOR OFFICE BUILDING FOR LEASE AND SALE High Traffic - High- exposure location. On-site High-exposure high Tobin*/ traffic. Ample on-site Lester Gary Boudreau* SALE/LEASE 2,306 SF · $5.50/SF · MLS: 1511731 SF· Divisible · 2,095,000 · parking available for tenant Lester Tobin* 12,184 drive-up parking. Lester Tobin* Kitchener · Very central location, Finished
e: commercial@coldwellbankerpbr.com
1,500 - $14.50 10,759 · $26.00/SF Net 4,900 1437 SF· SF· SF $1,450,000 MLS: 13/614/608/599/602/595/607/605 MLS:1437522· Kitchener · Crossing. Kitchener · New1517403 space at ·Sportsworld MLS: 1512116 · Kitchener · New retail Fullyexisting renovated, open webbed ceiling. Newly Join retail &ofrestaurant traffic draw. plaza on corner Fischer Hallman and renovated, veryLester interesting building. parking Tobin*/ Gary 23 Boudreau* Seabrook Dr.CAM’s High-exposure high traffic. spaces onsite. only $5! John Hoffman* 2,598 SF · $11.00/SF · MLS: 1511580 Ample on-site Netdrive-up parking. 2,786 SF ·$5.50/SF $32.00/SF Net1518080· · MLS:1444530 2,100 SF 1517955 ·Kitchener Waterloo 21,775 SF· ·$10.35/SF · MLS Kitchener traffic;·44,914 Vehicles daily. Lester Tobin* 5,200 SF ·· High $12.00/SF MLS:1441235 Waterloo · space. High Sub-lease profile until location Industrial/Retail Aug. in M 3 Zoning.· Fully Johnfinished Hoffman*/ Gary Boudreau* Cambridge office/retail space w/ Excellent manufacturing and/or warehouse 2016. Long lease available. facility. Goodterm power, loading and parking Waterloo’s University district. Two level 4,900 SF· Minutes $14.50fromSF· $1,450,000 high exposure. hwy# 401. On-site Boudreau**/Gary Boudreau* R. Blake Hull* with on-site parking situated at 4,900 SF· $14.50 SF· MLS:1437522· 1517403 · Kitchener · Fully retail unitJames parking. Space can be$1,450,000 divided. Lester Tobin* 1,100 SF MLSapartment 1521635 · Kitchener MLS:1437522·open 1517403 · Kitchener · of· $5.50/SF· a student building. renovated, webbed ceiling. Newly base Fully renovated, open webbed ceiling. Newly - High SF· exposure location. On-site 1,100Traffic SF · $16.00 MLS 12 · Lester Kitchener Tobin* renovated, very ·interesting building. 23 High 736 SF · $75.00/SF MLS: 1444506 · Waterloo renovated, very interesting building. 23 parking parking available forexposure tenant location. Lester Tobin* High Traffic - High On-site parking spaces onsite. CAM’s only $5! Last Unit! Indoor mall style units on two levels in spaces onsite. CAM’s only $5! John Hoffman* parking available for tenant . Lester Tobin* 21,775 SF · $5.50/SF · MLS 1518080 the heart of Waterloo’s University District w/ John Hoffman* 2,100 SF · $10.35/SF · MLS 1517955 · Waterloo direct to landlord’s student residential Kitchener · Excellent manufacturing and/or 5,200 access SF · $12.00/SF · MLS:1441235 2,237 SF · $14.00/SF· 1521035 Waterloo Industrial/Retail space.MLS: Sub-lease until· Aug. 736 SF ·· Fully $75.00/SF · MLS: &space 1444506 tenants (over 2,000). High pedestrian trafficw/ warehouse Cambridge finished office/retail facility. Good power, loading 2016. term lease available. PrivateLong entrance with winding stairway leading location. Lester Tobin* Waterloo · Last Unit! from Indoor mall style units and high exposure. Minutes hwy# 401. On-site parking. R.Blake Hull* James Boudreau* to professional 2ndBoudreau**/Gary floor office. Well appointed on two levels the of Waterloo’s Uniparking. Space in can beheart divided. Lester Tobin* 915 SF · $12.00/SF · MLS: 1514008· Stratford reception area. Colin Vogel* versity District w/ direct access to landlord’s 3,092 SF · $6.00/SF· MLS 1521429 Last unit! Located near downtown core and new 1,100 SF · $16.00 SF· MLS 12 · Kitchener 736 SF · $75.00/SF 1444506 · Waterloo student residential· MLS: tenants (over 2,000). Cambridge · Great location on main artery University. Great exposure. Ample on-site drive- 2,050 SF· $16.00/SF · MLS:1424242 High Traffic - High exposure location.· Brantford On-site Last Unit!pedestrian Indoor mall style on twolocation. levels in (hwy High & units traffic south ofLester Hwy#401. End cap#8) retailminutes unit.forDrive-up up parking. Lester Tobin* parking available tenant . parking. Tobin* the heart of Waterloo’s University DistrictTobin* w/ Lester Lester HWY exposure. LesterTobin* Tobin* direct access to landlord’s student residential 874 SF · $1,300/Mth· MLS 1514546 · Port Elgin
tenants High pedestrian traffic 915 SF(over · 2,000). $12.00/SF · MLS: &1514008· High traffic retail location. Located across from location. Last unit! Located near Lester Tobin* Stratford· downtown Tim Horton’s at signalized intersection. core and new University. Great exposure. James Boudreau**/Gary 915 SF · $12.00/SF · MLS: 1514008·Boudreau* Stratford Ample on-site drive-up parking. Last unit! Located near downtown core and new Lester Tobin* * Sales Representa�ve University. Great exposure. Ample on-site driveup parking. ** Broker
Lester Tobin*
$12.95/SF MLS: 1521512 · Waterloo · Well office w/ LargeEXCLUSIVE Garage door, 17’ clear 10,688 SF2office ·w/r’s. $6.75/SF· · Waterloo located building. Quality finishes ceilingLocation. in shop. Exposure to King John Hoffman* Great St. N. Across throughout. Existing furnishings are from Conestoga Mall. John Hoffman* 9,360 SF· $6.50/SF· MLS:1431568 · Kitchener included. James Boudreau**
3,931 SFdoors, · $3.00/SF · MLS:1414196 · Kitchener for 16 Dock 21’ clear span shop. Great Dry distribution at a low cost. Extra highstorage volume or trucking business. Large land for 4,900 1,450,000 · expense. MLS 1517403 yard available. John Hoffman* truck space andSF· trailer avail. @ extra 7,699 sf shop & 1,661 John Hoffman* Exceptional property. Kitchener · SF office.
2,306 SF · $5.50/SF · MLS: 1511731 Freestanding, Renovated, HV/AC Kitchener · Very central location,new Finished
2,400 SF · $5.50/SF · MLS:1431886 installed, very Large interesting building. 23 office w/ 2 w/r’s. Garage door, 17’ clear Kitchener Excellent space in 5 unit industrial . ceiling inspaces shop. onsite. JohnHoffman* Hoffman* parking John bldg. Suitable for small manufacturing or service commercial Easy ·access to 9,360 SF· $6.50/SF·business. MLS:1431568 Kitchener Guelph, & Cambridge. R. .Blake Great Hull* for 16 Dock K-W doors, 21’ clear span shop
high volume trucking business. Large land for INDUSTRIAL PROPERTY FORexpense. SALE &FOR LEASE INDUSTRIAL/WAREHOUSE truck and trailer avail. @ extra 7,699 · 2,400 Mezzanine · 3.09 Acres 28,000 sf shop SF & 1,661 SF SF office. John Hoffman* SALE/LEASE $1,895,000·$4.50/SF Net MLS: 1434971, 1511326 · Cambridge · Zoned M3 – dynamic 2,400 SF · $5.50/SF · MLS:1431886 uses. Heavy power. Was a federal food grade Kitchener industrial . facility. Excellent space in 5 unit John Hoffman* bldg. Suitable small manufacturing SF ·for$4.95/SF · MLS# or 1524256 2,237 SF · $14.00/SF· MLS: 1521035 · Waterloo 13,735 1,100 SF · $5.50/SF· MLS 1521635 4,200 SF · $10.50/SF Net · MLS: 1418072 service commercial business. Easy access to 5,040 SF· $810,000 · MLS: 1437535· Waterloo Cambridge · Freestanding Industrial/ Private entrance with winding stairway leading K-Wunder & Cambridge. R. Blake Waterloo · Busy location, close- to U of exposure W, W.L.U Guelph, Kitchener · High Traffic High .60 Ac. Site utilized w/ existing 5040 Hull* sf to professional 2nd floor office. Well appointed Warehouse facility. Centrally located w/ bldg. Many uses with I-6 Zoning including 100% & ConestogaOn-site Pkwy.I-6 Zoning. Boudreau* location. parking Gary available for INDUSTRIAL reception area. Colin Vogel* FORSF SALE & LEASE access off 2 PROPERTY streets.10,400 Warehouse, office. John Hoffman* tenant Lester Tobin* 28,000 SF · 2,400 SF Mezzanine · 3.09 Acres 3,335 SF Office. Lester Tobin* 2,050 SF· $16.00/SF · MLS:1424242 · Brantford $1,895,000·$4.50/SF Net MLS: 1434971, 2,100 $10.35/SF · MLS 1517955 1511326 · Cambridge · Zoned M3 – dynamic End capSF retail· unit. Drive-up parking. Was a federal food grade · HWY exposure. Lester space. Tobin* uses. 3,931Heavy SF power. · $3.00/SF · EXCLUSIVE Waterloo · Industrial/Retail facility. John Hoffman*
4,200 SF · $10.50/SF Net · MLS: 1418072 874 SF · $1,300/Mth· MLS 1514546 · Port Waterloo · Busy location, close to U ofElgin W, Sub-lease until Aug. 2016. Long term lease Kitchener · Dry storage or distribution at a 4,200 SF · $10.50/SF Net · MLS: 1418072 High traffic retail location. Pkwy. Located across from available. low cost. Extra · MLS: yard 1437535· space Waterloo available. 5,040 SF· $810,000 &Conestoga I-6 Zoning. W.L.U · Busy location, close to UBoudreau* of W, W.L.U .60 Ac. Site under utilized w/ existing 5040 sf Tim Horton’s at signalized intersection. James Boudreau**/Gary John Hoffman* Gary Boudreau* Waterloo James Boudreau**/Gary Boudreau* &Conestoga Pkwy.I-6 Zoning. Gary Boudreau* bldg. Many uses with I-6 Zoning including 100% office. John Hoffman*
* Sales Representa�ve * Sales Representa�ve ** Broker ** Broker
8331512_2115
Please say you saw it in The Commercial Investor
Vol
Volume 15 Issue 05
7
Commercial Real Estate & Business Opportunities
COLDWELL BANKER COMMERCIAL COLDWELL BANKER COMMERCIAL PETER BENNINGER REALTY, BROKERAGE PETER BENNINGER REALTY, BROKERAGE
Kitchener/Waterloo Guelph & Cambridge
e 05
508 RIVERBEND DRIVE, KITCHENER, ON. 508 RIVERBEND DRIVE, KITCHENER, ON. Phone: 519‐743‐5211
www.coldwellbankerpbr.com/commercial www.coldwellbankerpbr.com/commercial 9,360 $6.50/SF FOR · MLS:1431568 INVESTMENT SALE SF· Kitchener · 16 Dock doors, 21’ clear span Great for high volume trucking busishop 1,560. SF · $269,000 · MLS:1425046 ness. Large land for truck andproperty. trailer Main avail. Cambridge · Downtown Preston @ extra expense. sf residential. shop & 1,661 SF floor retail, 2nd floor7,699 office or On-site office. John Hoffman* parking. Lester Tobin*
e: commercial@coldwellbankerpbr.com e: commercial@coldwellbankerpbr.com
COLDWELL BANKER COMMERCIAL HIGH DENSITY MIXED USE DEVELOPMENT Approx.217 Acres · $4,340,000 · EXCLUSIVE 1,156 808 SF·SF $125,000 · MLS: 1517668 · $219,900 · MLS: 1511182
Waterloo Region · Currently Being Farmed. Waterloo· ·Belgium stylebusiness poutine restaurant in 3.25 Acres · $5,850,000 · EXCLUSIVE Waterloo Profitable with growth PETER BENNINGER REALTY, BROKERAGE Call for info· pkg! prime location on King at University. All new Kitchener Frontage on 2 major streets at potential. All fixtures & equipment included. Peter Benninger**/Colin Vogel* equipment. Business can be purchased with the508 RIVERBEND DRIVE, KITCHENER, ON. gateway to downtown Kitchener. or without James Boudreau**/Gary Boudreau* franchise. Lester Tobin* 37.5 Acres ·access $3,000,000 · MLS:401 1244781 Excellent to Hwy via Hwy 8 Phone: 519‐743‐5211 Port Elgin · Incredible investment. At the Directly on proposed light rail transit route. 1,426 SF· $99,900 · MLS: 1511046 gateway to Port Elgin. 800 meters from new Peter Benninger**/Colin Vogel* Waterloo · Gourmet Pizza & Pasta www.coldwellbankerpbr.com/commercial Walmart plaza a few min. walk e: commercial@coldwellbankerpbr.com to one of the MULTI FAMILY FOR SALE INDUSTRIAL PROPERTY FOR SALESTORE & LEASE most beautiful sandy beaches in Ontario! restaurant. High sales with huge potential. RETAIL PLAZA W.CONVENIENCE 66.58 Acres · $2,200,000 · EXCLUSIVE Approx.217 Acres · $4,340,000 · EXCLUSIVE 808 SF · MLS: 1517668 INVESTMENT FOR SALE Boudreau** Located· $125,000 3,408 SF · 0.25 Acres 28,000 SF · 2,400 SF· $1,550,000 Mezzanine · 3.09 AC. Waterloo Region · CurrentlyJames in the city’s fastest growing area. Being Farmed. Cambridge· Under consideration to change Waterloo· Belgium style poutine restaurant in MLS #1511142 · Waterloo unit1434971, retail plaza Call exposure on at busy roundabout. $1,895,000·$4.50/SF Net· ·Two MLS: FORMER SCHOOL/RE-DEVELOPMENT SITE High 36 Units · $5,500,0000 · MLS:1511369 for info pkg! prime location on King University. All new OP designation to industrial. with Tobin* 19,589 SF · 3Peter Ac.· $1,800,000 · MLS: Vogel* equipment. 1,560business. SF · $269,000 · MLS:1425046 Lester Tobin* 1511326 Cambridge Zoned Lester M3-dynamic Business can be purchased with Benninger**/Colin Kitchener · Brand New! 100% Leased, 100% Peter Benninger** 1444282 Woodstock · Single storey building or without franchise. Lester Tobin* Cambridge · Downtown Preston property. Income guarantee & building warranty. uses. Heavy power. Was a federal foodMain 37.5 Acres · $3,000,000 · MLS: 1244781 containing 8 classrooms, gymnasium and Generously sized units w/ premium finishes, floor retail, 2nd floor office or residential. On-site Approx.217 808 SF· $125,000·MLS:1517668· Waterloo grade facility. John Hoffman* Acres · $4,340,000 Port Elgin · Incredible investment. At the playground with commercial zoning. LAND FOR SALE stainless steel appliances, in suite laundry, parking. Lester Tobin* EXCLUSIVE· Belgium style poutine restaurant in prime gateway to Port Elgin. 800Region meters new Waterloo ·from Currently Residential re-development is obtainable. Separate hydro & gas meters. Located steps Walmart plaza a few min. walk to Lester onshopping King at All new MULTI FAMILY FOR SALE Tobin* location INVESTMENT FOR SALE Being Farmed. Call for info pkg!one of the away from andUniversity. expressway. most beautiful sandy beaches in Ontario! RETAIL PLAZA W.CONVENIENCE STORE equipment. Business canroute. be purchased with Located on major transit 4,200 SF Bldg.· 0.60 Acres · $2,300,000 Peter Benninger**/Colin Vogel* James Boudreau** 3,408 SF · 0.25 Acres · $1,550,000 LAND FOR LEASE IN KITCHENER or without franchise. Lester Tobin* Eric Reiner* MLS: 1444528 · Cambridge · High profile RETAIL/RESIDENTIAL INVESTMENT 2.8 Acres ·SCHOOL/RE-DEVELOPMENT $4,000/month · MLS: 1514567 MLS #1511142 · site Waterloo · Two unit retail plaza 37.5 FORMER SITE 36 Units · $5,500,0000 · MLS:1511369 Acres · $1,700,000 · MLS: 1244781 re-development located directly across Fully fenced one gate, graveled and 7,712 SF· $995,000 · MLS:1521430 with Lester 19,589 SF ··with 3 Ac.· $1,800,000 · MLS: frombusiness. Cambridge Memorial Hospital. 185Tobin* ft of Port Kitchener · Brand New! 100% Leased, 100% Elgin Incredible investment. compacted. Bleams Road coming throughAtin the the M -FAMILY FOR SALE ForULTI Commercial Real Estate frontage. Current use is a 4,200 restaurant. 1444282 Woodstock · Single storey building Income Cambridge· Investment or sfOwner/User guarantee & building warranty. gateway Port Elgin. 800 meters new Spring of to 2015! John from Hoffman* containing 8 classrooms, gymnasium and w/ 67 parking spaces. Generously sizedinunits w/ premium finishes, property. Main Floor: 5,642 Lester SF (2 Tobin* units) Walmart Solutions Canada's Technology plaza acommercial few min. walk to one of the stainless steel appliances, in suite laundry, playground FOR SALE 1.03 Acres · with $1,995,000 · MLS:zoning. 1517392 Upper 3LAND Apartments. Lester Tobin* most Units · $5,500,0000any· one MLS:1511369 2.0 Ac.·floor: $500,000 · MLS:1337641 · Kitchener beautiful sandy beaches in Ontario! 36 Triangle, of steps our Residential re-development is range obtainable. Separate hydro contact & gas meters. Located 1 Acre development land. Wide of uses Corner of Trillium and Huron w/excellent New! 100% Leased, Kitchener · Brand and Lester Tobin* James Boudreau** away from shopping expressway. permitted. James Boudreau* sales representatives, or call RETAIL access toPLAZA Hwy 7/8W.CONVENIENCE and Hwy 401. ManySTORE uses 100% guarantee Located Income on major transit route. & building 4,200 SF Bldg.·Colin 0.60 Vogel*/Peter Acres · $2,300,000 permitted. Benninger** LAND FOR LEASE IN KITCHENER 3,408 SF · 0.25 Acres · $1,550,000 519-743-5211. sized unitsEric LAND FOR LEASE IN KITCHENER Reiner* warranty.Generously w/premium MLS: 1444528 · Cambridge · High profile 2.8 $4,000/month · MLS: 1514567 Acres·BUSINESS · $4,000/month · SALE MLS: 1514567 finishes, stainless steel appliances, in suite Acres MLS #1511142 ·site Waterloo Two unit retail 2.8 re-development located ·directly across FOR Fully fenced with one gate, graveled and HIGH-DENSITY DEVELOPMENT! from CambridgeMIXED-USE Memorial Hospital. 185 ft of Fully fencedBleams with Road one gate, Separate hydro & gas meters. plaza with·Current business. Lester Tobin* compacted. cominggraveled through inand the laundry, SALES REPRESENTATIVES: 5.09 Ac. $4,250,000 · EXCLUSIVE For Commercial Real Estate frontage. use is a 4,200 sf restaurant. compacted. Bleams Road coming through Located steps away from shopping and Spring of 2015! John Hoffman* Cambridge · 5spaces. min walk to Cambridge w/ 67 parking LesterCentre Tobin* 2,000 SF · $149,000 · MLS: 1434965 Solutions in Canada's Technology in the Spring of 2015! John Hoffman* expressway. Located on major transit route. RETAIL/RESIDENTIAL INVESTMENT Gary Boudreau * · ext. 3029 Mall. 3 min drive to hwy 401 Directly across Elmira · Excellent opportunity to own an up & 1.03 Acres · $1,995,000 · MLS: 1517392 2.0 $500,000 · MLS:1337641 · Kitchener fromAc.· conservation area.SF Eric Reiner* Triangle, contact any one of our Main :natural 2,100 SF · Upper: 1,680 · $179,000 1coming café and catering business Acre development land. Wide rangew/ of dream uses James Boudreau ** · ext. 3020 Corner of Trillium and Huron w/excellent Vogel* 1.03 Peter Benninger**/Colin Acres · $1,995,000 ·James MLS:Boudreau* 1517392 permitted. kitchen for even the most experienced chef. MLS# 1521638 · Woodstock · On-site sales representatives, or call access to Hwy 7/8 and Hwy 401. Many uses Selby Commercial Colson * · ext. Estate 3100 For Real land. Wide range of Lester Tobin*/ James Boudreau** parking. Two 2Colin - bedrooms on upper floor. 2 1 Acre development permitted. Vogel*/Peter Benninger** 519-743-5211. Solutions James Boudreau* retail units on main floor. Lester Tobin* uses permitted. GREAT RE-DEVELOPMENT SITE Mike Flynnin* Canada's ·Technology ext. 3037 FOR SALE 5,887 SF ·BUSINESS $349,900 · MLS:1447072 Triangle, contact any one of our 25,182 SF · $2,420,000 · MLS:1417598 HIGH-DENSITY MIXED-USE DEVELOPMENT! John Hoffman * · ext. 3040 Cambridge · Established full service 1.8 Acres · $589,900 · MLS: 1524216 sales Brockville · Some medical onsite. Walking SALESrepresentatives, REPRESENTATIVES:or call LAND FOR SALE 5.09 Ac. · $4,250,000 · EXCLUSIVE restaurant·with liquor license and patio. Industrial zoned land permitting 519-743-5211. distance from new leases Bill Halpenny * · ext. 3120 Cambridge · 5Hospital. min walkSome to Cambridge Centre Kitchener Located Grand River. Upscale dining with 2,000 SFon · $149,000 · MLS: 1434965 pending. JohntoHoffman*/Gary Boudreau* many commercial and office uses. Lot can Gary Boudreau * · ext. 3029 Mall. 3Ac.· min drive hwy 401· Directly across 2.0 $500,000 MLS:1337641 California cuisine. opportunity to own an up & Elmira · Excellent R. Blake Hull * · ext. 3032 SALES REPRESENTATIVES: from natural conservation area. be severed. Lester Tobin* Lester Tobin*/ James Boudreau** coming café and catering business w/ dream James Boudreau ** · ext. 3020 Kitchener · Corner of Trillium and Vogel* Huron Peter Benninger**/Colin Eric Reiner * · ext. 2099 kitchen for even the most experienced chef. HIGH DENSITY MIXEDtoUSE DEVELOPMENT w/excellent access Hwy 7/8 and Hwy 8.28 Acres · $1,558,000 · MLS: 1522201 Gary Boudreau * · Selby Colson * · ext. ext.3029 3100 1,156 SF ·Lester $274,900 · MLS: 1511182 3.25 Acres · $5,850,000 · EXCLUSIVE Tobin*/ James Boudreau** Lester Tobin * · ext. 3023 401. Many uses permitted. Cambridge · Zoned M-3. with Approved for James Boudreau ** · ext. 3020 Waterloo · Profitable business growth Kitchener · Frontage on 2 major streets at the GREAT RE-DEVELOPMENT SITE Mike Flynn * · ext. 3037 Vogel*/Peter Benninger** Colin Colson Vogel * * ext.3100 3110 64,207 SF. Beautiful Lot! Call forincluded. details. potential. fixtures and equipment 5,887 SF ·All $349,900 · MLS:1447072 gateway toColin Kitchener. Excellent Selby ·· ext. 25,182 SF ·downtown $2,420,000 · MLS:1417598 John Hoffman * ext. 3040 James Boudreau**/Gary Boudreau* access to Hwy 401 via Hwy 8 Directly on Cambridge · Established full service John Hoffman* Brockville · Some medical onsite. Walking Mike FlynnVoisin * ··· ext. Harmony * ext.3037 3117 HIGH-DENSITY MIXED-USE DEVELOPMENT! proposed lightHospital. rail transitSome route.new leases restaurant with liquor license and patio. distance Bill Halpenny ext.3040 3120 John Hoffman * ·· ext. 5.09 Ac.from · Peter $4,250,000 · EXCLUSIVE Benninger**/Colin Vogel* 1,426 SF· · MLS:Upscale 1511046 Located on$99,900 Grand River. dining with pending. John Hoffman*/Gary Boudreau* Bill Halpenny * · ext. 3120 Cambridge · 5 min walk to Cambridge Waterloo BROKER OF RECORD : California ·cuisine. Gourmet Pizza & Pasta restaurant. R. Blake Hull * · ext. 3032 66.58 Acres BUSINESS FOR SALE Lester Tobin*/ James Boudreau** R. Blake Hull * · ext. 3032 with huge potential. Located in the Centre Mall.· 3$2,200,000 min drive ·toEXCLUSIVE hwy 401 Directly High sales Eric Reiner * · ext.3000 2099 Cambridge· Under consideration to change OP Peter Benninger** ext. HIGH DENSITY MIXED USE DEVELOPMENT Eric Reiner * ·· ext. 2099 across from natural conservation area. city’s fastest growing area. High exposure on designation industrial. · EXCLUSIVE Peter Benninger** busy 1,156roundabout. SF · $274,900 · MLS: 1511182 Lester Tobin* 3.25 AcresPeter ·to$5,850,000 LesterTobin Tobin** ext.3023 3023 Lester ·· ext. Benninger**/Colin Vogel* Waterloo Profitable business with growth Kitchener · Frontage on 2 major streets at the 2,000 SF ·· $130,000 · MLS: 1521787 Colin Vogel * · ext. 3110 Colin Vogel * · ext. 3110 potential. All fixtures and equipment included. gateway to downtown Kitchener. Excellent GREAT RE-DEVELOPMENT SITE Elmira · Excellent opportunity to own an up * Sales Representa�ve Harmony Voisin * · ext. 3117 James Boudreau**/Gary Boudreau* access to Hwy 401 via Hwy 8 Directly on 25,182 SF · $2,420,000 · MLS:1417598 Harmony Voisin * · ext. 3117 & coming café and catering business with ** Broker proposed light rail transit route. Brockville · Some medical onsite. Walking BROKER OF RECORD: kitchen for even the1511046 most Peter Benninger**/Colin Vogel* dream 1,426 SF· $99,900 · MLS: BROKER OF RECORD: distance from Hospital. Some new leases experienced Waterloo · Gourmet chef. Pizza & Pasta restaurant. 66.58 Acres · $2,200,000 · EXCLUSIVE with Tobin*/ huge potential. in the pending. John Hoffman*/Gary Boudreau* High sales Lester JamesLocated Boudreau** Peter Benninger** · ext. 3000 Cambridge· Under consideration to change OP designation to industrial.
city’s fastest growing area. High exposure on Lester Tobin*
Peter Benninger** busy roundabout.
Peter Benninger**
· ext. 3000
* Sales Representa�ve * Sales Representa�ve ** Broker ** Broker
Please say you saw it in The Commercial Investor
8171433_2115
Vol
businesssavvy
RECORD NUMBER OF CANADIAN BUSINESSES LOOKING AT DEALS, DESPITE TOUGH ECONOMY
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Opportunities exist for strategic, innovative deals
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ccording to EY’s latest Canadian Capital Confidence Barometer, confidence in the Canadian economy is down significantly compared to six months earlier. Despite this pessimism, 72 per cent of Canadian businesses reported they’re planning at least one deal in the next 12 months – that’s up from 24 per cent in October, and the highest since EY’s survey launched in 2009.
“Many Canadian companies are to looking to mergers and acquisitions to address challenges in their existing business,” says Doug Jenkinson, a partner in EY’s Transaction Advisory Services practice.“While Canadian executives aren’t overly optimistic about our country’s economy, that sentiment isn’t holding them back when it comes to looking at deals. Even in Alberta’s distressed oilpatch, we’re still seeing deals get done, and there are surely opportunities for those companies that are strategic.” According to the survey, 100 per cent of Canadian respondents saw the global economy as either stable or improving. But when looking at our own country’s economy, while 57 per cent see it as stable, only 13 per cent thought it was improving. Pip McCrostie, EY’s global vice chair, Transaction Advisory Services, says: “The low price of oil and currency fluctuations are viewed as a challenge, further elevating the need for cost reduction in the short term for many businesses. But this volatility is also driving M&A momentum through increased consolidation and executives searching for growth outside their domestic market.” In Canada, companies report they’re looking south for investment opportunities – to the US (as always), but also to South America. Columbia, Chile and Argentina are all in the top five investment destinations, which is consistent with Canada’s focus on the natural resources sector. “Canadian companies are also looking right at home for investment opportunities,” says Jenkinson.“For the first time, Canada appears on the top five investment destinations.”
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OTHER HIGHLIGHTS FROM THE SURVEY INCLUDE: › 91 per cent expect to complete more deals than in the prior year
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› 88 per cent say largest deal in the next 12 months will be $250m or less
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› 91 per cent are focused on cross border M&A in the next 12 months “After years of adopting a ‘wait-and-see’ attitude, Canadians now seem ready to take a rational approach to re-entering the transactions arena,” says Jenkinson.“For those that are strategic, pursuing the right opportunities can help them emerge from these tougher economic times stronger, and in a position to thrive.” About the survey: EY’s Capital Confidence Barometer is a survey of more than 1,600 senior executives from large companies around the world and across industry sectors. The Barometer’s objectives are to gauge corporate confidence in the economic outlook, understand boardroom priorities over the next 12 months and identify the emerging capital practices that will distinguish companies that build competitive advantage as the global economy continues to evolve. This is the twelfth twice-yearly Barometer in the series, which began in November 2009. EY is proudly celebrating 150 years in Canada. For more information, please visit ey.com/ca. Follow on Twitter @EYCanada.
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Commercial Real Estate & Business Opportunities
519.742.7000 www.coupalmarkou.com
LEASE 380 KING ST NORTH, WATERLOO
LEASE 620 DAVENPORT RD, WATERLOO
LEASE 92 KING STREET SOUTH, WATERLOO
• Drive-up retail/office space • Located in well established, densely populated residential area • Units from 962 - 10,082 sq ft • $8.00 / sq ft (utilities included)
• Retail/office space in high profile plaza • Located directly on bus and future LRT routes • Units from 1,190 - 10,870 sq ft • Lease rates from $9.95 - $11.95 / sq ft
• Second floor space with private entrance • Excellent location across from "The Shops of Waterloo Town Square" • On GRT route and minutes from Hwy 85 • 1,016 sq ft (approximately) • $11.50/sq ft Net
2115_DJW_0032
MLS
LEASE 126 KING STREET SOUTH, WATERLOO
• Turnkey restaurant located in the heart of Uptown Waterloo • 5,000 sq ft (approx.) + basement • Seating capacity for 180 • $11,000/month 2115_DJW_1_0038
MLS
MLS
2115_DJW_0033
SALE
54 BRIDGE ST WEST, 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 2115_DJW_1_0117
EXCLUSIVE
SALE 1015-1051 KING ST EAST, KITCHENER SALE 645 LAURELWOOD DRIVE, WATERLOO
• Across from future LRT • 1.19 acre redevelopment site • Corner of King & Ottawa Street • Existing income in place • $2,295,000 2115_DJW_1_7778
• Busy plaza with strong tenants in place • 8 units with good mixture of retail and office users • Located in high density residential neighbourhood • $2,695,000 MLS
2115_DJW_0031
MLS
2115_DJW_1_0063
MLS
SALE 76 BRYBECK CRESCENT, KITCHENER
• 16 unit, 3 storey walk-up • Solid concrete building • 21 parking spaces • $1,400,000 EXCLUSIVE
2115_DJW_1_0666
SALE
300 BRIDGE ST EAST, KITCHENER
• 72.9 acres • 44.65 acres developable • Strategically located on the new Hwy 7 realignment • $9,900,000 MLS
2115_DJW_2_0021
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
CONNECT
11289418_2115
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 05
10 Kitchener/Waterloo Guelph & Cambridge
Commercial Real Estate & Business Opportunities BRO CO OK MM BU E IRLCDI IANLGI N CO VN EST UO LT RA N T S
Volume 15 Issue 05
PROTECTING YOUR INVESTMENT
L a C u ch a r a ch a - T h e C o c k ro a c h - Part 1
end of their notoriety. Most people think of them as dirty, filthy, useless pests that infest our buildings.
Here was simple solution that solved the problem and also provided additional fire stopping protection. Note that Bicarbonate soda is used in fire extinguishers. Here was an inexpensive, safe, environmentally friendly solution. We trained several teams of contractors to commence the work in all apartments and then stopped.
Simple Solution - BUT !!! Several years ago we were asked to solve a major cockroach epidemic in two older high rise apartment buildings housing over 400 apartments. After careful research we discovered that a long time “old fashion” solution was to place “baking soda” mixed with sugar, or “Boracic Acid,” in the infested areas. We experimented in one apartment unit that was infested with hundreds of cockroaches. We placed baking soda throughout the unit in areas of potential moisture such as pipes and in pipe chases. After a few days all cockroaches were dead. After six months there were still no roaches.
Problem? We were advised by our client’s solicitor that we would be subject to prosecution by the provincial government if we proceeded because “baking soda” was not on their approved list of extermination chemicals and we would have to take courses to be certified as an exterminators and use only approved chemicals as this was a rental property. Regulations resulted in the termination of our program. Exterminators were hired and used chemicals to kill. The problem is still there years later. Sorry we cannot condone the use of the “Baking Soda” solution for owners of rental buildings. However, homeowner’s are not regulated. You can try it.
The famous Spanish song La Cucharacha in English means The Cockroach. That is the
Unprotected openings Stove and counter not cleaned
Conclusions: a) Homeowners - you can use these simple solutions to solve big problems. b) Building Owners of Rental Buildings You can’t use these methods. Contact a licence exterminator. For more information refer to the internet and Google: - Ministry of Environment - Health Canada - Ministry of Labour, Health and safety - (Part two) - Cockroach - Information
C O N S U LT I N G E N G I N E E R S Building Inspection Cost Consultants
www.BrookBC.com 905-385-4496 1-888-343-3023 11236833_2115
Please say you saw it in The Commercial Investor
Vol
Volume 15 Issue 05
11 Kitchener/Waterloo Guelph & Cambridge
Commercial Real Estate & Business Opportunities
LEO CARNEVALE Sales Representative
Royal LePage Crown Realty Services Inc.,Brokerage Contact
Off: 519-740-6400 | Dir: 519-501-2629 leoteam1@gmail.com
FUTURE DEVELOPMENT LAND WURSTER PL, BRESLAU TOWNSHIP of WOOLWICH Property Features: • 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 • Perfect for the small investor to wait for development
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FOR SALE $579,900 Please email or call for information & download package KYLE CHURCH, BROKER
MULTI RESIDENTIAL
Office: 519.745.7000 kyle.church@royallepagecommercial.com Royal LePage Grand Valley Realty, Brokerage
UNDER CONTRACT
UNDER CONTRACT
KITCHENER Duke & Wellington 11 Units 9x3BR, 1x1BR, 1x2BR Asking $1,375,000
CAMBRIDGE 20 Winter Avenue 26 Units 17x2BR, 7x3BR, 2x1BR Asking $2,730,000
INVESTMENT UNDER CONTRACT
KITCHENER 55 Bond Street 6 Units 5x2BR, 1x1BR Asking $679,000
HAMILTON 1030 Upper James Street Office Investment 31,575 sf Asking $2,875,000
COMMERCIAL SPACE FOR LEASE
GUELPH 503 Imperial Road North 13,123 sf office space $9.95 psf, CAM $3.04
KITCHENER 871 Victoria Street North 525 – 7,000 sf office $22.50 psf gross
BRESLAU 2057 Victoria Street North 1,250 – 2,500 sf office $12.00 psf, $4.75 CAM
Please say you saw it in The Commercial Investor
KITCHENER 1305 Victoria Street N 3,223 sf retail/office $5.00 psf, CAM $6.84
11285345_2115
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Volume 15 Issue 05
Commercial Real Estate & Business Opportunities
Kitchener/Waterloo Guelph & Cambridge
AngelA Schnurr Sales Representative
519-747-2040 [office]
aschnurr@royallepage.ca 11297389_2115
Student income propertieS
This student property is located in a great Waterloo area close to U of W, many amenities and GRT bus routes. This home features 8 bedrooms including the legal accessory apartment. Leases now in place until August 2016. MLS #1524390 & 1524393 2115_DJW_0011
This spacious bungalow is located in desirable Lakeshore Village. Licensed for 10 students (two class D2 licenses). This home has 2 kitchens, 2 laundry rooms, 4 bathrooms and 2 separate driveways. Leases in place until August 2016. MLS 1524417 & 1524416 2115_DJW_0012
Unique opportunity to own a duplex close to Uptown Waterloo and the Universities. This property is licensed for 10 students (two Class D2 licenses). Fully rented until August 2015 & currently 50% rented until August 2016. Easy access to GRT bus routes and Uptown Waterloo's many amenities. MLS 1524427 & 1524428 2115_DJW_0013
inthenews
BUILDING PERMITS SOAR 11.6 PER CENT IN MARCH
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ccording to the Statistics Canada, the value of Canadian building permits increased 11.6 per cent to $6.9 billion in March. Not only is this the first time in three months that Canada has seen an increase in the total value of building permits, but this is the highest increase in six months. The report noted that construction intentions heightened in both the residential and non-residential sectors, and far exceeded economists’ prediction of a 2.5-per-cent increase.
Construction intentions for multi-family dwellings increased significantly in march, growing 19.6 per cent to $201 billion. The total number of authorized construction
units increased 24.9 per cent from the previous month to 18,586, and the vast majority were for multi-family dwellings. Of these authorized units, 13,126 are for multi-family dwellings, while the other 5,460 units are for single-family dwellings. For the second consecutive month, the value of single-family building permits decreased, falling 3.4 per cent to $2.3 billion. British Columbia, Ontario and Alberta experienced the largest increase in the total value of building permits. British Columbia had an increase in every building construction component, most notably multi-family dwellings, as well as commercial and institutional buildings. Ontario’s increase was attributed to multi-family dwellings, and Alberta’s increase was due to higher construction intentions for institutional and commercial buildings, and multi-family dwellings. Quebec, on the other hand, had the largest decrease, which was due to the lower construction intentions for multi-family dwellings. Higher construction intentions were evident in most metropolitan areas. Vancouver, Toronto and Calgary were the top three metropolitan areas showing the largest increase in the total value of permits. Montreal showed the highest decrease in total value of building permits, which was largely the result of lower construction intentions for multi-family dwellings. Edmonton and KitchenerCambridge-Waterloo also showed large declines due to a significant decrease from the residential sector.
Please say you saw it in The Commercial Investor
Vol
H
Volume 15 Issue 05
13 Kitchener/Waterloo Guelph & Cambridge
Commercial Real Estate & Business Opportunities
FOR SALE
Investment Opportunity 10866683_2115
•
Waterloo, Ontario
2115_DJW_0028
•
66,765 SF (4 buildings)
•
4.11 acres
•
Multi-tenant flex office industrail complex
•
Well constructed and maintained
•
16 tenants
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88% leased
•
Stable cash flow
•
Offering price $6,950,000
Darren Shaw, SIOR
Senior Vice President Broker of Record darren.shaw@dtz.com
For more information please contact:
DTZ Waterloo Wellington Ltd., Independently Owned and Operated
Tel: 519 279 4200
dtzcanada.com
CAMBRIDGE INVESTMENT 2115_DJW_3_0032
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FOR LEASE RETAIL PLAZA, KITCHENER
2,000 Sq ft unit. Excellent location, with street visibility. Landlord will build to suit qualified tenant. $11. Sq ft.
$519,000 INVESTMENT/MULTI TENANT OFFICE BUILDING 4000 square feet professionally finished offices on two levels, plus 800 square feet for dry storage in the basement. Located within seconds from the 401 and Hwy 24 (Hespeler Rd). Great signage from street Pylon and large building sign included in sale price. Ample parking in front and rear of property, security system, large windows, three washrooms with possible lunch room. 3000 sq ft leased with existing income of $42,000 per year. 1000 sq ft still available for lease.
PROFESSIONAL OFFICE SPACE, BRESLAU
1275 sq ft. Central located between KitchenerWaterloo, Cambridge, & Guelph. Main Floor. Short or long term lease available$ 8.25 sq ft. INDUSTRIAL OR MANUFACTURING SPACE
7300 sq ft warehouse space with 3 drive in doors, plus 1000 sq ft office space. Available July 1. $5.00 sq ft.
11286199_2115
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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
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contact Doreen Wills Tel: 1-800-268-0077 or 905-570-9283
doreen.wills@ypnexthome.ca thecommercialinvestor@ypnexthome.ca
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Commercial Real Estate & Business Opportunities
George Gicopoulos
COMMERCIAL GROUP
Sales Representative Royal LePage Triland Realty, Brokerage and
Operated
Office: 519.672.9881
TRILAND REALTY
g g ic o p o ulos@ royalle pa ge . c a w w w . g eorge gic opoulos. c om
REAL ESTATE BROKERAGE
8310854_2115
2115_DJW_3_0027
2115_DJW_0076
2115_DJW_0075
B U S I N E S S / C O M M E R C I A L
LONG POINT $675,000
Abe's on York. 5 days operation with great in building clientele plus catering possibilities to nearby businesses and offices. Office hours closing at 4:00 p.m. Location next to VIA Rail and in a great office building with tenants that include 'LIBRO' and 'Service Ontario'. Great lease at approximately $30,000/year includes all utilities, gas, hydro, water, air conditioning, heat, sewer charges and even trash removal.
CRABBY JOE'S TAP & GRILL
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CO UN N D TR ER A CT
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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.
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.
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LONDON $79,000 SUBS
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AYLMER 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. 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.
CO UN N D TR ER A CT
ON THE SHORES OF GEORGIAN BAY Two hours from GTA. Great restaurant/grill. Very well known with great reputation. Approximately 4,000 sq. ft. Licensed for 145 inside plus patio. This is truly a money maker. Great long term lease with rental costs below 4% of yearly sales.
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CO UN N D TR ER A CT
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Great summer business in the best part of Long Point. Under 5 months of operations and makes enough revenue for the owner to take the rest of the year off. Easy operation; Ice Cream, Fries, Arcade, Convenience, ATM, Movies, Ice. 10:00 A.M. to 10:00 P.M. May till middle of September and could be extended for greater sales & profits. Onsite parking plus Municipal free parking at the front.
INGERSOLL RESTAURANT WITH PROPERTY $285,000 Why rent when you can own your own business. Mondays closed, short hours. Let the 2 apartments pay your mortgage. Restaurant part recently renovated. Upper floor apartments rent for $600 and $700 per month two and three bedrooms. Business only also for sale at $59,000 with new lease to be negotiated. 2115_DJW_0083
INVESTMENT $495,000 Free standing former Wendy's property, which was completely renovated. Recently tenanted by a Whimpys Diner Franchise on a ten year lease with renewal options. Approximately 0.5 acres of land with about 30 parking spaces with great visibility and easy access. 2115_DJW_0082
WOODSTOCK INVESTMENT $925,000 Located across the street from Walmart and Canadian Tire and next to Home Depot in Woodstock's main commercial node. Over one acre of land with over 80 paved parking spaces. Great visibility and signage with entrance/exits from two streets. Appraised at over one million.
1,190 SQ FT FOR LEASE LONDON INGERSOLL GRILL HOUSE $247,000 Great upscale family eatery, in operation for many years with great reputation and good sales and profits. Approximately 90 seats llicensed under the LLBO. Very good condition, excellent long term lease. Open 6 1/2 days closed Sundays at 3:00 p.m.
$12.00/sq ft net. Great for medical office with Pharmacy tenant on the same property as well as across the road. Space used as chiropractors office previously. Part of a great looking plaza; well cared for and at very reasonable rent. Join other tenants like London City Library, Fireside Restaurant, Pharmacy, Medical Clinic, Vet Clinic, M&M Meats and Nail Salon.
BURGER PLACE $125,000 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. Owner will train buyer. Near London.
Please say you saw it in The Commercial Investor
Southwest Ontario
Independently Owned
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N
Volume 15 Issue 05
Vol
investoradvice
Should condo investors fear THE RENTAL APARTMENT BOOM?
E
very month, a new rental tower is being announced in Toronto. Existing condo sites are being converted into rental buildings, and upcoming highrise sites that last year would almost certainly be condos are today being proposed as rentals.
In Toronto, virtually no purpose built rental apartment buildings have been built over the last 20 years. In fact, the bulk of rental apartment buildings was built in the ’60s and ’70s. Some are describing Toronto’s rental renaissance as a“rental boom,”and although that moniker is probably taking things too far, it’s true that this is a definite trend worth taking note of – especially if you’re a condo investor or are planning to become one. There are five major forces at play that all point to the fact that the rental apartment boom is actually good news for condo investors. MORE SITES THAT WOULD NORMALLY HAVE BEEN CONDOS ARE NOW APARTMENTS: Institutional investors and pension funds are always looking for stable long-term returns. Owning rental housing in a growing metropolis is the definition of a stable long-term asset that provides income. No one is selling any rental buildings (the returns are too good, why would they?) so they have to build new ones themselves. Pension funds also want to take advantage of today’s low interest rates where they can lock in construction financing now and enjoy the great returns in the future. NEW CONDO LAUNCHES DOWN IN 2015: There has been only one new project with 116 units added to the downtown core so far in 2015 – Design Haus Condos. This is unprecedented in the last six years. Since 2009, I’ve never seen this long a stretch with no new launches. Now, don’t get me
wrong. We are expecting some great new launches this year but it is clear that 2015 will fall short of the 2014 and 2013 figures for new product being added to the key downtown core market. It all adds up to this: less available condo sites, plus less new condo supply, means rising condo prices in the future. PRICES AND RENTS ARE INCREASING DESPITE RECORD COMPLETIONS: There has been a record number of new condo completions over the last 12 months in Toronto. All the condo bears have been waiting years for this massive surge of new condo supply to hit the rental and resale markets, causing prices to crash. Well, it finally happened, and how did the market respond? Rents are up about one per cent, and condo prices are up three to five per cent – encouraging signs for condo investors. If the condo market can not only withstand this kind of record-high completion rate, but actually see price increase in the face of it, then the future is very bright for this market – especially in the years ahead like 2017-2018, when it is expected that the number of completions will be much lower than they are right now based on the lack of recent new launches. DETACHED PRICES CONTINUE TO SOAR OUT OF REACH: The average price of a detached home in Toronto is now over $1 million. Who can afford to buy a house for a million dollars? Very few people. Actually, only those people who are already in the housing market for at least five years and have built up substantial equity that they carry over. There are essentially no first-time buyers coming to Toronto any more. Institutional investors see this as another key reason to get into the rental housing business now. There will be more and more people “giving up on home ownership.” as one recent article put it, in the years to come, and they will be long-term renters. Just like other major cities in the world, expect the home-ownership rate in Toronto to slowly decrease over the next decade. Individual investors will reap the benefits. More renters and fewer home buyers means increased demand and pricing for condos. Prices and rents for condos will continue to grow as long as new supply is held in check which we already discussed it will be. MILLENIALS PREFER RENTING: This is another driver of the rental apartment boom. Mobility is the new currency of millennials. They love being able to move to different neighbourhoods every year, take a new job and try a new city. Travel and experiences trump cars and white picket fences for this generation, many of which were under age 35 in Toronto. Expect that number to push past 40 for most homebuyers in the future. These five trends all point to the fact that those with foresight to invest in the condo market today will continue to reap the benefits in the years ahead.
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
17
Commercial Real Estate & Business Opportunities
LEAMINGTON FOR SALE
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STRATFORD RETAIL LEASING
Prime Grocery Anchored Plaza For Lease. 1,200 sq. ft. Asking Lease Rate $16.00. Great location for any retail, food, restaurant, doctor/ dentist office, walk-in clinic. Other Centre available with units from 1,200 sq. ft. to 30,000 sq. ft. in Stratford. Call for details.
HANOVER FOR LEASE
7,879 SQ.FT PRIME RETAIL UNIT PREVIOUS PHARMA PLUS
276 10th Street, Hanover. 8,350 sq. ft. Retail with street front exposure. Previous Department store. Great for Dollar Store, Pharmacy, Medical, Doctors, Restaurant. Fast Food. Can divide space. Good rental opportunity. Landlord says Let's make a deal! Please call Jerry for more details.
16 Talbot Street - Asking $339,000. Prime Location in Downtown Leamington.
Total building approx. 6,000 sq. ft. (1st Floor 3,200 sf / 2nd Floor 2,800 sf). Great opportunity for owner/user/investor for restaurant, bar, cafe, office, medical. Front & rear entrance with rear municipal parking. Next to Theatre. Take advantage of the Town's community improvement program for building & renovation grants.
Windsor/Tecumseh Development Lands For Sale or Lease, Will Build To Suit 1715_DJW_0102
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"Canada Building" 374 Ouellette Ave. 12 Storey Office Tower Prime Downtown Windsor Office Building For Lease. Various unit sizes available from 184 sq. ft. to 6,121 sq. ft. Full floor opportunity. Landlord incentives available. Lowest lease rates in downtown $4.95 sq. ft.
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WINDSOR OFFICE LEASE
180 McNaughton Avenue West - Chatham. Great exposure, signage and high traffic area corner lighted intersection on the Southwest of McNaughton Road West & Sandy St. Suitable for a variety of retail uses: Dollar Store, Variety, Grocery, Pharmacy, Restaurant, Medical, Fast Food, etc...
Prime Sites for any development - retail, restaurant, pharmacy, medical, office 1.82 Acres Commercial Land on Tecumseh Rd East - Asking $849,000 1.39 Acres Great Corner Site on Country Road 42 - Asking $429,900 44 Acres Prime location directly across from new High School. Secondary plan calls for 200 residential units and 4 Acres of commercial lands. Features existing Solar panel income. Asking $3,995,000 22.7 Acres Prime location of future potential lands close to Windsor airport. Approx. 600 ft frontage - Asking $744,500 Building Lot / Farm Property in Lakeshore - Asking $249,000 8.81 Acres 220.88 ft. x 1739 ft. Prime building lot for new home, close to the city.
Other Retail leasing opportunities available across Ontario, Windsor, Chatham, London, Stratford, Hanover, Sudbury, Ottawa, Brampton, Mississauga, Belleville, Niagara Falls, Guelph, Cambridge, Toronto
Retail Centres For Lease
Jerry Haddad
Sales Rep.
11261839_2115
Direct: 416-356-5870
Investment - Land Development - Leasing - Advisory Site Selection - Landlord & Tenant Representation
Office: 905-268-1000 Email: jhaddad@live.ca
Great Investment Opportunity ATWOOD, ONTARIO
34389 BRADLEY STREET, LUCAN
PT. LOT 15, CONCESSION 7, ELMA
16 unit apt bldg & 2 commercial units on 3.39 Ac. Open House Friday June 5th 12:00 - 2:00 pm. Tenders Due: Wednesday June 17, 2015 before noon. Auction Date: Thursday June 18, 2015 @ 7 pm.
24.75 acres Highway Frontage, Zoned Agriculture & Future Development. Tenders Due: Wednesday July 22, 2015 by noon. Auction Date: Thursday July 23, 2015 @ 7 pm.
Premier Realty & Auctions Inc. Brokerage 519-291-2299
peakauctions@gmail.com Independently Owned and Operated
11250767_2115
LUCAN, ONTARIO
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OFF-SITE PROPERTY AUCTION BY TENDER
You must pre-register!!
Get your Auction Package from the following Brokers:
Doug Gilmore
Nelly Hofer
Ron Finch
*519-292-9270
*519-505-4233
*519-292-9540
nellyndoug@gmail.com
nellyndoug@gmail.com
Please say you saw it in The Commercial Investor
roncfinch@gmail.com
Southwest Ontario
Volume 15 Issue 05
18
Volume 15 Issue 05
Commercial Real Estate & Business Opportunities
Jane McWhirter
30 ELM STREET
SALES REPRESENTATIVE Realty Executives Elite Ltd brokerage
519-649-6900
519-670-7076
janemcwhirter@realtyexecutives.com
22417 ADELAIDE RD SOUTH, MOUNT BRYDGES, ONTARIO $649,900
20 CHESTNUT STREET, VIENNA 4.62 acres which could be divided into building lots in the picturesque Village of Vienna. Short drive to the Lake and Tilsonburg. Beautiful location for homes, townhouses, seniors bungalows and more. $475,000. Information package available. 2115_DJW_0072
2115_DJW_0063
Southwest Ontario
Located in the quaint community of Vienna, Ontario. Situated 26 km from Aylmer and 24 km to Tilsonburg, ON. This multi purpose 9 year young 2 storey faces a ravine with a river winding through and bush. The elevated view is absolutely breathtaking from one of 3 decks. $175,000, self contained one bedroom apt. 2115_DJW_0071
10640536_2115
Beautiful Craftsman Style Residence, converted to a Rest Home in the 1950's is now being offered for sale. Immaculate and meticulously maintained Residential Care Home specializing in assisted living, has 20 beds. Owner/Operator for 27 years is retiring. Excellent opportunity for husband and wife teams, or investors. Great income. Owner occupies attached 3 bedroom apartment (not included in Income). Call Jane today for your private showing. 11297503_2115
Brian Holden
519-426-0081
Broker of Record
brianh@kwic.com
Recently renovated and up-dated commercial building in downtown Waterford's commercial area, half the building is rented to restaurant (not included in purchase price) (at $850/month plus utilities) with the balance of a 5 year lease, front part of the building is partially rented, 1 office space rented at $500 per month for a Financial Group, another tenant has a message business approximately $400 per month. Currently set up as a "use as you go" want fitness centre with electronic keyed entrance, with about 40 clients and growing, income from the gym about $800 per month. 2115_DJW_0038
Vacant land in Simcoe, close to major shopping mall and Hospital and downtown shopping. This land is remediated Brown fields, documents will be available upon request from the listing broker, fronts on 3 streets and are ready to be developed and should be classified as lots of record. 2115_DJW_0040
Well kept industrial park in Simcoe. This property has a large lot with a frontage of 166.05 ft and a total of 1.88 acres, with lots of space for outside storage or further expansion of the building. The building is a wood frame steel building 1512 sq.ft. of well kept office space and a shop with 3200 sq.ft. of space with high ceilings (20 ft) and large overhead doors. (14 ft.) for drive through. Building and one acre approximately is currently leased to a class A tenant.
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Former Brown fields of the Norfolk Co-op, lands have been remediated and documents will be available at the listing brokers. This property fronts on 4 streets and has been rezoned to R-4 and would allow for townhouses and or condos with up to 45 to 50 units, no draft plan has been completed as yet. Subject to a severance to allow for a clinic on the south end of the property which is availalble on a separate listing.
2115_DJW_0041 11297437_2115
Please say you saw it in The Commercial Investor
e 05
DALE CASKANETTE
Land Exchange Ltd. Brokerage
RENATE SIEBER-SCHLEGEL
Broker Cell:519-531-0944
Broker of Record Cell:519-531-1177
Commercial/Residential on Hwy 21 in Goderich across from Suncoast Mall and Industrial Park. Environmental Study available.
ATTENTION INVESTORS!
LIST PRICE: $570,000
LIST PRICE: $1,900,000
PRIME 48 ACRE DEVELOPMENT SITE
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1715_DJW_1_0098
PRIME COMMERCIAL 1.6 ACRE DEVELOPMENT SITE
LIST PRICE: $325,000
LIST PRICE: $450,000
Income property - next to "The Square" in Goderich. Newer building with 3 commercial units, net lease; 2 - 3 bedroom apartments, net lease. Fully rented.
In Wingham. Multi Residential zoning for up to 23 dwelling units.
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11296420_2115
LIST PRICE: $229,000
Lifestyle for sale - combine business with pleasure with this well-known turnkey restaurant known for its ambience and fine dining. Provides licensed seating for 100 including patio, huge parking lot, three bedroom living quarters with separate entrance and lots more located on 3.75 ac. Just south of Wingham. 1715_DJW_0017
PRIME COMMERCIAL DEVELOPMENT
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DEVELOPMENT LAND!!!
37.85 Acres of Vacant Land zoned "FUTURE DEVELOPMENT". Great development opportunity Residential / Commercial / Industrial Land. Farm a portion approx. 30 acres workable.
13,000 sq. ft. Commercial building built in 2006. Presently being used as an auction barn and store front. Store area is 70 x 70 with 15 ton A/C unit and gas fired heat. 2 storey section behind store is 20 x 70 with 2 offices, washrooms and kitchen. Storage area between offices and auction barn is 23 x 70 with overhead gas heater and two 14 ft roll up doors. The auction barn is 50 x 70 with large roll up doors. 600 volt 3 phase electrical service, alarm system, wheelchair and is currently rented for $2200 + 500 property taxes. 1715_DJW_0016
Office: 519-357-3332
LIST PRICE: $385,000 / $525,000
1715_DJW_0015
www.remaxlandexchange.ca
In the centre of Wingham. Highway commecial zoning; call Listing Agent for full information package.
1715_DJW_1_0096
ESTABLISHED TURNKEY OPERATION
LIST PRICE: $189,900
Busy Restaurant on Main Street Teeswater occupancy 136 with a liquor license for 64, plus 4 apartments. If you have a passion for cooking... this could be your perfect opportunity to own your own restaurant. Also 4 apartments.
LIST PRICE: $675,000
LIST PRICE: $245,900
262 Josephine St., Wingham
Busy well established turnkey operation on a busy truck route, including restaurant (Seats 59), convenience store and gas station. Buidling was recently renovated (20122013) and sits on a large 3+ acre lot. Environmental study available. 1715_DJW_1_0100
Southwest Ontario
Independently Owned and Operated
20
Volume 15 Issue 05
Commercial Real Estate & Business Opportunities
ROY A. BOYES REAL ESTATE 519.397.0928 boyesre@gmail.com
11253208_2115
Southwest Ontario
Campground
120 Sites, on Lake, Gross 180K, Ask $1.1M
Campground
170 Sites, Large Acreage, Ask $1.8M
Golf Course
27 Gross $1.8M. Ask $3.9M
Mobile Home Park
75,50,20 Pads. Some Mun. Services
Motel
Gross $600K, 40 rooms, Ask $2.1M
Storage
Large Portfolio and 165 Doors. Ask $1.1M
Retirement Home
30 Rooms, Gross $800K, Ask $1.8M
Gas Station
Petro Ask $1.7M. Net $250K
Gas Station
Esso Ask $1.1M. Net $165K
Gas Station
Esso Ask $2.5M. wash, Net $300K
Apartment Building
20 Units, Full, Ask $895K
Motel
12 Rooms, Gross $100K. Ask $399K
Land
For Gas Station and Plazas
11007505_2115
Dave Spencer SAL E S RE PRE SE N TAT I V E
62 1st Avenue South H: Chesley, Ontario N0G 1L0
519.363.2410 PHONE: 519.363.3726 davespencer@bell.net
HEART OF DOWNTOWN
2,000 square foot retail space with great window display and rear loading area. Two residential units upstairs for extra income. Good investment opportunity.
$120,000
$129,000
2115_DJW_0018
EIGHT UNIT INVESTMENT
2 commercial units and 6 residential. Great location with parking. Building is in good condition.
$149,000
EXCELLENT OPPORTUNITY
Operate your own business and live on site. Approximately 1800 square feet of retail space and a modern 1100 square foot apartment has open concept living and rear access. West facing deck to enjoy summer evenings. Sits in the heart of Chesley's downtown core. 2115_DJW_0019
OPPORTUNITY FOR THE ENTREPRENEUR
2115_DJW_0020
Please say you saw it in The Commercial Investor
Former gas station, auto repair facility and convenience store in great location. Attached home needs some TLC.
$100,000
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Vol
Volume 15 Issue 05
21
Commercial Real Estate & Business Opportunities
eavan@eavan.ca
ADVANTAGE REALTY LTD., BROKERAGE**
Office: 519-649-6000
Toll Free: 1-855-649-6001
*Sales Representative
Each Office Independently Owned & Operated 10116903_2115
LONDON
LUCAN
‘Waldos on King’
Industrial lots
Entertainment District
15 mins from London
Rated #2 Trip Advisor
Services to Lots
Licensed 68 Seats
Zoning: M1
Plus Patio seating for 36
From 2 acres to 50 acres
2115_DJW_1_0054
2115_DJW_0022
LONDON
LONDON
Tanner Drive
Restaurant for Sale
Residential Neighborhood
Village of Byron Location
Beside Curinga Soccer
Rated #12 Trip Advisor
Vacant oversized Res. Lot
Licensed 34 Seat
Approx O.23 Acres/10,124 sf
Plus Patio seating for 20
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WOODSTOCK
2115_DJW_0024
ROSEMARY BROWN
PETER VANDERSAR
SALES REPRESENTATIVE
BROKER
519-532-9049
519-536-1200
rosemarybrown@royallepage.ca
peter@petervandersar.com
519-539-2070
FOR SALE Retail commercial building for sale in the heart of downtown Woodstock. Lots of natural light because of 2 skylights in upper floor. Approximately 4400 sq ft on 2 floors, busy local area with other merchants and restaurants. Present tenant on month to month lease. Lots of municipal parking nearby.
$525,000 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. 1715_DJW_0699
$199,900
$1,500,000 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.
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1715_DJW_2_0104
FOR LEASE 478 DUNDAS STREET, WOODSTOCK MLS 74397
3200 square feet in 2 units available for lease in commercial industrail 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 $5.50/sqft. basic rent plus $2.70/sqft for common costs, realty taxes, building insurance and common maintenance. 1715_DJW_0057
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. 1715_DJW_0689
Please say you saw it in The Commercial Investor
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
Southwest Ontario
Eavan Travers, CCIM*
11291991_2115
e 05
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Volume 15 Issue 05
Commercial Real Estate & Business Opportunities
Stan Franjkovic BROKER
519-317-9931 office 519-238-5700 cell
Southwest Ontario
11297589_2115
GREAT LOCATION CLOSE TO DOWNTOWN
DOWNTOWN LOCATION
LOCATION LOCATION LOCATION
LONDON - $899,000
LONDON - $595,000
JORDAN STATION - NIAGARA REGION $1,949,000
- Downtown location across from the Train Station - Currently operating as a car wash - Future downtown development potential. Part of the "Moving Forward London Plan" - High traffic count - Opportunity to own piece of Downtown - Future belongs to Downtown - MLS #561520
- 45 acre mixed fruit farm - peaches, sundown pears - suitable for grape growing - 5 min to QEW & Lake Ontario & Jordan Peninsula - Easy access to Toronto, Niagara & US border - Large Century Home. Pond & Creek - Large storage buildings. Loading dock. - Heavy gravelled for tractor trailer use. - MLS #560969
10863226_2115
- Operating as a Physio Therapy Clinic - 7 treatment rooms plus exercise room - Specializes in Aqua Physio/indoor pool - Owner retiring - Turnkey operation - Building is well maintained and in excellent condition. - MLS #556609
David Hilderley Sales Representative 519.537.1469 www.DavidHilderley.ca david.hilderley@centrury21.ca
Century 21 Heritage House Ltd., Brokerage Independently Owned and Operated
Business is at a Crossroads... It’s called Woodstock, Ontario
Office: 519.539.5646 VACANT LAND
2115_DJW_0084
FOR LEASE: $12/MONTHLY/SQUARE FEET
Looking for vacant land to locate you next business or for storage of vehicles or other large items? This property is approximately one acre in size & is flat terrain. Located on the west end of Woodstock on major route connecting to Ingersoll with C-4 zoning there are dozens of uses possible including a personal service shop, retail building supply, retail nursery, recreational vehicle establishment, farm produce retail outlet, even miniature golf course.
$59,900
$12/MONTHLY/SQUARE FEET
PRIVATE PANORAMIC VIEW
1715_DJW_1_0065
2115_DJW_4_0020
Professional office space in a well-appointed building. Perfect for your new location of your business!! This facility is elevator accessible & features a generous lobby area, large windows to let in natural light & up-to-date electrical & phone connections. There are several other professionals in the building including pharmacy, medical doctors, physiotherapist, optometrist, chiropractor, foot clinic & counselling centre. Handicapped accessible washroom. The landlord is very willing to discuss and implement leasehold improvements & is very flexible in lease arrangements.
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.
INVESTMENT, INVESTMENT, INVESTMENT!
2115_DJW_0085
This well maintained one floor building has multi-year tenants already in place. Super location just one block on Huron & two blocks north of Dundas. Great curb appeal with stucco finish completed approximately 7 years ago. Spacious interior provides showrooms, offices & warehouse with 9' overhead door. C3 zoning permits a wide variety of uses for future consideration. Make this investment work for you.
$274,900 Please say you saw it in The Commercial Investor
NewSectio
e 05
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contact Doreen Wills Tel: 1-800-268-0077 or 905-570-9283
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2015-03-19 3:47 PM
24
Commercial Real Estate & Business Opportunities
Volume 15 Issue 05
Hamilton 11292806_2115
Please say you saw it in The Commercial Investor
Vol
Volume 15 Issue 05
25
Commercial Real Estate & Business Opportunities
RE/MAX Escarpment Realty Inc Brokerage
8171399_2115
420 WESTBROOK ROAD, GLANBROOK $949,000
2115_DJW_1_0048
3710 HIGHWAY 3, JARVIS $399,000
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...
2115_DJW_1_0667
Excellent Investment opportunity - live in the 3 bed Home, re-open Gas Bar/Store & Get Paid Solar Panel Contract ($11000/ yr 18 yrs) & aprtmnt! 5.4 ac of property fronts on Hwy 3 & Hald Rd 53. Ideal corner lot with great visability & hi traffic. Property sold "AS IS". Nwr rf, heating syst, hydro & paved parking lot.
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. 2115_DJW_1_0110 2115_DJW_1_0074
113 MAIN STREET, JARVIS $289,000 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.
99 MAIN STREET N, HAGERSVILLE $529,900 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! 2115_DJW_2_0023 2115_DJW_1_0022
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. 2115_DJW_4_0033
10.45 ACRES ON MAIN STREET, JARVIS $149,000 Prestige Ind Zoned 10.45ac parcel. N/G, mun. water/ sewer, hydro at/near lot line. Flat site w/155' frntge/ access Hwy 6 extends Hald Rd. 55. Buyer resp/verify zoning/uses/permitscosts of dev./lot levy/HST charges. Hi-traffic exp, VTB avail, phase 1&2+ 2115_DJW_0035
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. 2115_DJW_2_0007
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Commercial Real Estate & Business Opportunities
Volume 15 Issue 05
The Importance of Using Leverage
Vol
w
Hamilton
What is leverage? It is an effective investment strategy of using borrowed money to generate higher investment returns. When you actually stop to look at the everyday real estate transactions, (buying a home)… a home purchase with only 20% down payment is actually using leverage!
A c r
The key to leverage is the power of using “other people’s money (0PM) for a greater return. It should be noted that some sellers are willing to finance some or most of the purchase price of the property they wish to sell. Under such an arrangement, you can use leverage to purchase a property with very little money down. The fact of the matter is, using leverage in real estate investing is an exciting way to earn big yields on small dollars, and you should not fear taking a chance. When you are building real estate wealth, leverage will help you grow quickly without involving too much risk (as long as you watch out for some pitfalls, which will be discussed later). High leveraged investing in real estate is especially powerful when inflation is in full swing. High leverage investors have numbers going for them because property values rise faster than the interest charges on their borrowed money. Example: For example, with a $100,000.00 investment (10% down payment) an investor can acquire a property worth as much as $1,000,000.00. The buyer is essentially using a relatively small percentage of his or her own money to make the purchase, and the majority of the money is being provided by the lender. Real estate investors often refer to the remainder of the purchase price as "other people's money," since persons other than the borrower provided the money needed to make the purchase. Rewards: Assuming the property appreciates at 5% per year, the borrower's net worth from this purchase would grow by $50,000.00 in just 12 months. (5% x 8171452_2115
Please say you saw it in The Commercial Investor
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Volume 15 Issue 05
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Commercial Real Estate & Business Opportunities
$1,000,000). It is the capital appreciation of the asset that brings wealth. In other words, the 100,000 investment produced a return of $50,000.00! And that is not all! Remember that we have not factored in the debt reduction and cash flow over time. With a long term hold you will benefit from, the mortgage reduction, positive cash flow and increase in property value. The Risk: To a lot of people, leverage means risk. The reason is that with leverage you may run the risk of unexpected negative cash flow that could risk the investment. Assure the income generated from the property is able to support the expenses and all the carrying costs. Also be aware of unforeseen capital expenditures or sudden increase in interest rates which may tremendously impact the property cash flow. To reduce that risk, always remember the old saying that “cash is king”; therefore unless you have deep pockets, you should always leave yourself a healthy cash reserve for the unexpected. Summary: As we've demonstrated, using leverage in Real Estate offers a number of advantages you simply cannot achieve in other investment vehicles. This explains in part why most wealthy individuals have either made or now hold the majority of their wealth in Real Estate. It is my sincere belief that when you compare the returns, risks and barriers to success, Real Estate should be a component of every successful investor's portfolio. By Dino Nicosia, Broker of Record Investpro Realty Ltd. www.investprorealty.com 8171394_2115
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Volume 15 Issue 05
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
LEGAL 4-PLEX, HAMILTON
FOUR PLAZAS FOR SALE AS A PACKAGE
Hamilton
Total square feet 147,670. Net income $1,898,000 per year. See our website for details.
True Money Maker. Don’t miss this opportunty. Visit our web site for details. 2115_DJW_0064
9 UNITS, EAST MOUNTAIN
2115_DJW_0050
10 UNITS EAST HAMILTON
Great condition and location. Never any vacancy. See our website for details.
Rare find! Owner is retiring. Rents have great upside. See our website for details. 2115_DJW_0052
LARGE DUPLEX IN DESIRABLE LOCATION
12 UNITS, HAMILTON D TE VA ION O N NS RE MA
SOLD AL N DITIO CON 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.
2115_DJW_1_0112
6 UNITS, TOTALLY RENOVATED
Great condition and location. Renovated, spotless building. Never any vacancy. Safe investment. Visit our website for details. Very large, 1 and 2 bedroom units. Each unit has separate gas furnaces. Parking for 4 vehicles. For more details visit our website.
2115_DJW_1_0055
11 UNITS, DESIRABLE EAST HAMILTON
W NE ICE PR
Good condition and location. Rents below market for the area. For more details visit our web site.
2115_DJW_0051
Steel fire escape and newer roof 2010. One 2-bedrm. and one 3-bedrm. For more details visit our website.
8 CONDO TOWNHOUSE COMPLEX, EAST
2115_DJW_4_0054
ME SO ES D S ED RA NE UPG
2115_DJW_1_0025
3 COMMERCIAL & 16 RESIDENTIAL, HAMILTON
SOLD
Great upside opportunity. East Hamilton near Ottawa St. shopping district. Arrange own financing. VTB Second mtg. Priced for quick Sale. Visit our website for details. 2115_DJW_2_0059
2115_DJW_1_0095
“Ready to invest?...you deserve the best” Please say you saw it in The Commercial Investor
9558936_2115
www.investprorealty.com
Vol
Volume 15 Issue 05
29
Commercial Real Estate & Business Opportunities
For Sale By Owner Single Family Home
Single Family Home
Single Family Home
Located on Cannon and Emerald, this house offers an annual rent of $16,800. Asking price $249,000. Property ID 101.
Victoria and Barton single Family House brings in annual rent of $16,200. Located in an upcoming area. Limitless potential. Asking price of the property is $249,000. Property ID 33
Bringing in an annual rent of $16,200, this property is offered for $249,000. Located on Barton and Victoria. Close to all amenities. Very desirable area. Potential is limitless. Property ID 81
4514_DJW_0084
4514_DJW_0081
4514_DJW_0083
Duplex
3-Plex
Single Family Home
High potential Cannon and Ottawa area. This single family home offers annual rent of $14,000 and is available for the price of $229,000. Property ID 1054
4514_DJW_0091
4-Plex
5-Plex
SOLD This Duplex located on Barton and Sherman. Perfect opportunity for new or experienced investors. Annual Rent $20,400. Asking price $299,000. Property ID 624.
Amazing 3 Plex is located on Cannon and Mary. Amazing opportunity. Don't miss out. Annual rent $45,300. Asking price $349,000. Property ID 115.
Amazing potential with this 4 Plex located on Victoria and Barton. Annual rent $30,000. Asking price $399,000. Property ID 322.
Potential is truly limitless with 5 Plex located on Wilson and Wellington. Property is currently rented with annual rent $40,000. Asking price $499,000. Property ID 206.
4514_DJW_0085
4514_DJW_0089
4514_DJW_0086
6-Plex
7-Plex
4514_DJW_0087
13-Plex
15-Plex
This is a real investors dream, located on Main and Gage. Very desirable. Annual rent $127,000. Asking price $1,299,000. Property ID 831.
Amazing 15 Plex property located on King and Gage. Unlimited potential. Annual rent $180,072. Asking price $1,799,000. Property ID 2.
SOLD Don't miss out on this 6 Plex on Barton and Sanford. Annual rent $49,800. Asking price $549,000. Property ID 13. 4514_DJW_0080
Located on Main and Wentworth this 7 Plex is a potential gold mine. Annual rent $60,000. Asking price $599,000. Property ID 47. 4514_DJW_0082
4514_DJW_0088
Handyman 2 Comm. + 2 Res.
Handyman 6-Plex
Handyman 3 Comm. + 5 Res.
Handyman’s dream on Main and Ottawa. Needs some renovations. Unlimited potential. Main floor can be used as a commercial unit. Asking price $289,000. Property ID 1143.
Very busy and booming area of Barton and Sherman. Needs some renovation. Asking $589,000. Property ID 167.
2115_DJW_2_0092
4514_DJW_0094
Located on King and Steven. Potential gold mine. Commercial main floor. Very high potential. Asking $649,000. Property ID 561.
Investors Depot
4514_DJW_0079
Handyman 7 People Care Centre
Upcoming and booming area of King and Parkdale. Massive property. High in demand and very desirable. Asking $699,000. Property ID 2354.
4514_DJW_0090
4514_DJW_0093
p: 289-938-6500 e: info@investorsdepot.ca
www.investorsdepot.ca Please say you saw it in The Commercial Investor
11291987_2115
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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 INDEPENDENTLY OWNED & OPERATED
905-570-9997
DIRECT LINE
Guaranteed Selling System
Al Cosentino
1-855-570-9997
EAST HAMILTON ROSEDALE
SMITHVILLE AREA
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"
"AMAZING ROSEDALE SPECIAL"
649,997
$
OR BEST OFFER 2115_DJW_1_0030
Treed setting. 1 stry, 2 bdrm, perfect starter. Open concept. Fenced yard, 50 x 110' lot surrounded by escarpment setting. Lots of possibilities. Al is your #1 choice!
EAST CENTRAL HAMILTON
STARTING
199,997 OR $199/WK MTGE
$
99,997
$
FINANCING AVAILABLE
"AMAZING AFFORDABLE LOT"
2115_DJW_0030
CENTRAL EAST HAMILTON
"AMAZING BAKERY BUSINESS"
SOLD
444,997
$
179,997
$
OR MAKE
OR MAKE AN Used as 3 residential units. 2.5 OFFER
OR MAKE YOUR OFFER
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!
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." 2115_DJW_1_0045
Turn key. Fully licensed bakery & restaurant business. 3 properties included. High traffic location. Established over 40 yrs. 2 bdrm apt included & more. Al is your #1 choice! 2115_DJW_3_0033
“AMAZING 1 ACRE, SCHOOL HOUSE & HOME”
SOLD R TO INVESTO
749,997
2115_DJW_2_0034
2115_DJW_1_0035
ANCASTER/COPETOWN
"AMAZING INCOME PROPERTY"
$
2115_DJW_1_0061
*CALL FOR DETAILS
ASK FOR AL’S GUARANTEED SELLING SYSTEM, SOLD WITHIN 47 DAYS* OR WE BUY IT!
H
A
M
I
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T
O
N 11292930_2115
Mazhar Roshan Sales Representative
905.929.9800
Direct
905.318.3800 24 Hr. Pager 647.609.9463 GTA Direct mazharroshan@sympatico.ca FOR LEASE BRANTFORD
RETAIL STONEY CREEK MOUNTAIN
BROKERAGE
I have qualified buyers for up to $5m in commercial and investment buyers. Call for details. DOWNTOWN - HAMILTON $1,500,000
REDUCED $800,000
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. 2115_DJW_2_6668
BUSINESS FOR SALE - $44,900 CO ND SOL ITI D ON NA L
Hamilton
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!
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.
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. 4914_DJW_2_0024
Location location location, property in downtown core Hamilton. Currently used 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_0018
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
BUSINESS OPPORTUNITY 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.
CONVENIENCE STORE AVAILABLE Doing $12,000. Per Week. Prime Location. Call Mazhar for more details.
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.
1315_DJW_1_0027
“My Business is to Sell Your Business”
Please say you saw it in The Commercial Investor
Vol
Volume 15 Issue 05
31 9742018_2115
Commercial Real Estate & Business Opportunities
Cosmo Costa SALES REPRESENTATIVE
2115_DJW_2_0024
2115_DJW_2_0025
2115_DJW_1_0155
Free standing all brick contr. 3/large 1 bdr units plus a laundrymate business gross income of $41,300 N.O.I. $25,319.
Steps to Tim Hortons Stadium. Large triplex 2-2 bdrs unit & 1 bdr unit. 3 car garage, 2 hydro meters. 100 amp service. Gross income $28,800, N.O.I. $17,911.
13 UNIT BLDG, All Brick Constr. Newer Windows, Roof. Tenants pay hydro. Gross income of $178,740. N.O.I. $135,972.
2115_DJW_0059
Centrally located 15 unit apartment bldg. All brick construction. Newer roof, windows. Tenants pay hydro. Gross income $204,036. N.O.I. $160,059.
Solid construction approx 10 yr old bldg. Consisting of 6-1 BR units and 1-2 BR units. Tenants pay heat, hydro. Many recent upgrades, ample rear parking & more. Seller will assist with a V.T.B.
www.cosmocosta.ca
CALL 905-662-6666
Diyana Yagho
Ramzi Twal
Sales Representative
Sales Representative
905.741.7221
ramzi@ramzitwal.com www.ramzitwal.com
CENTRAL LOCATED 10 UNIT All brick construction building consisting of 6-1BR, 3-2BR & 1 Bachelor. Some parking, separate meters. Gross income $69,090. N.O.I. $52,669.
PINNACLE REAL ESTATE BROKERAGE Each Office is Independantly Owned and Operated
905.388.1110
diyana-yagho@coldwellbanker.ca www.1110.ca
1.877.938.1110 PARTY STORE
2115_DJW_0043
29 years in operation in same location - turn key operation seller will train. Excellent lease in place. All party supplies - birthday, baby and bridal, showers, Halloween & other happy occasions supplies, costumes and wigs. Reduced for quick sale - do not go direct. MLS H3151342
PIZZA & WINGS Excellent location in a very busy plaza on Hamilton Mountain. Operating for 13 years with great reputation and loyal repeat customers. Seller will train. Please do not go direct. MLS H3156834
MOVERS
Operating in Toronto area for 13 years. Rated A+ by BBB. Experienced crew. Future bookings, included in price. Easy turnkey operation. Sellers willing to train. MLS H3156624
2115_DJW_0044
FOR LEASE OFFICE • Service or retail space on Hamilton Mountain next to Medical center • 1760 square feet. • Availaiable immediately. Gross rent $2200 per month plus utilities
2115_DJW_0045
Please say you saw it in The Commercial Investor
8181662_2115
STATE REALTY BROKERAGE
Hamilton
Your Investment Property Specialist
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Commercial Real Estate & Business Opportunities
Melissa Ratcliffe
9650644_2115
BROKERAGE
SALES REPRESENTATIVE
Vol
POTENTIAL IS ENDLESS
OFFICE: 905-648-4451
IN PRIME LOCKE ST. S. LOCATION!
11297436_2115
2115_DJW_1_0058
$399,900 Fantastic investment opportunity just South of Hamilton International Airport! Value in the land! Zoned H-C3. Subject to minor site plan consent for a 95 unit self storage facility with admin and retail sales office. Could also be set up for townhomes with re-zoning. Home on property sold AS IS WHERE IS. Close to Airport and Hwy Access (403). 2115_DJW_0025
8471320_1715
Hamilton
Now approved for 60 seat restaurant. Gorgeous front sun room with street views, high ceilings, bathroom facilities & small kitchenette already on site! Don’t miss this FABULOUS opportunity in Hamilton’s most renowned neighborhood! $4500 PER MONTH
Please call Colette Cooper, Broker/A.S.A./C.N.E. at 905-522-3300 or email cooper@judymarsales.com www.colettecooper.com
Westdale 905.522.3300
Locke Street 905.529.3300 www.judymarsales.com
Ancaster 905.648.6800
Upcoming Events for HDAA HDAA 2015 Annual Golf Tournament
Starts with lunch @ 11:00 a.m., then SHOTGUN START @ 12:00 Noon. After dinner entertainment: Top-class comedian, Doug Keating
11294991_2115
Date: June 16, 2015 Time: 11:00 Location: Century Pines Golf Course, 592 Westover Road, Troy, On., L0R 2B0 Rates: Platinum Package: $2500, Gold Package: $1000, Foursome Package: $750
Contact Paul for further details! e-mail : info@hamiltonapartmentassociation.ca | Phone : 519-718-9030
Please say you saw it in The Commercial Investor
Volume 15 Issue 05
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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 Cell:
HAMILTON INCOME PROPERTIES HAMILTON DOWNTOWN DEVELOPMENT SITE $1,295,000 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. 2115_DJW_0037
2115_DJW_1_0083
HAMILTON CENTRE - COMMERCIAL/ RESIDENTIAL BLDG.
$1,595,000
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.
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 2115_DJW_2_0084 SIZE: 107.3 FT X 158 FT.
WELL ESTABLISHED HAMILTON BAKERY (BUSINESS AND REAL ESTATE)
HAMILTON CENTRE 11 UNIT APT. BLDG.
FOR LEASE MAIN ST.
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.
FOR LEASE JAMES ST N ART DISTRICT
COMING SOON
CENTRAL HAMILTON 8 UNIT APT BLDG
6 UNITS CENTRAL HAMILTON Charming 6 units bldg. in trendy South Central Hamilton near Stinson School Lofts. Tenants pay hydro. On site parking and laundry. Adjacent 6 unit bldg. available for sale as well.
Charming 6 units bldg in trendy South Central Hamilton near Stinson School Lofts. Tenant pay hydro. On site parking and laundry. Adjacent 6 unit bldg. available for sale as well. 2115_DJW_1_0043
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.
2115_DJW_1_0086
2115_DJW_1_0078
6 UNITS CENTRAL HAMILTON
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 2115_DJW_1_0042 per month approximately.
LD
SO
2115_DJW_2_0085
$575,000
$895,000
2115_DJW_1_0044
For listings information and proforma email me your request now and be one of the 1st to get the info once properties are listed in May
Please say you saw it in The Commercial Investor
$879,900
Charming 8 unit Apt Building on Main St close to Sherman Ave S HUB neighbourhood. 6 - 2 Br and 2 -1 Br Units. Nicely laid out with updated kitchens and baths with breaker panel boxes in each unit. Rear Tenant parking with on site laundry and Balconies. Retrofit Compliant and zoned as a purpose built 8 2115_DJW_0095 unit building.
Hamilton
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inthenews
HAMILTON IS CANADA’S AFFORDABLE, ATTRACTIVE ‘ANCHOR CITY’ says Colliers International Report
T
he ‘Steel City’ of Hamilton, reinvented as a home to leading Canadian healthcare advancements, world class education, research and development is now positioned as a newly-identified ‘Anchor City’ for future growth, according to a report released by Colliers International Inc.
“Hamilton is to Toronto what Milwaukee is to Chicago, with each city having very similar populations,” said Sydney Hamber, senior vice president at Colliers International Inc. in Burlington, ON. “With rising costs and infrastructure strains such as longer commute times associated with locating in large metropolitan areas, companies have the opportunity to locate in medium-sized cities like Hamilton, which have key attributes that make it very attractive,” he said. The Colliers International Report identified Hamilton, Ontario, Canada as an anchor city for future growth with five key attributes important to corporations to improve corporate balance sheets and attract and retain the best employees. “Over the past 25 years, Hamilton has been very impressive at reinventing itself. Today, it stands as one of the most attractive environments for various industries,” added Hamber. “Compared to Toronto, our Report identifies Hamilton as relatively lower in overall costs; it has highly skilled labour, redevelopment opportunities, much lower commute times and a full range of lifestyle amenities. Framed within these five attributes, Hamilton is further affirming itself as an opportune medium-sized anchor city,” he said. The city has lower commercial and residential costs which are becoming increasingly valuable location determinants for companies. Competitive average rents, overall residential affordability, commercial taxes and development charges are all cost-related factors that are important for midsized anchor cities in attracting businesses. Hamilton also has an educated labour force as proximity to educated individuals, talented professionals and skilled workers within similar industries such as education and healthcare has become more essential as locational imperatives for companies. “With new developments throughout the city, particularly in the downtown core, and a new operational GO station this summer, Hamilton is an ideal location for companies looking to expand or relocate. Hamilton is affordable not only in terms of overall operating cost, but also affordability for their employees in the residential market,” said Jason Thorne, general manager, Planning and Economic Development at the City of Hamilton.
“People and businesses are drawn to Hamilton for a whole variety of reasons – from our thriving arts and culture scene, job opportunities in Canada’s most diversified economy, and the chance to be part of an urban renaissance that is truly exciting,” added Thorne. “At Planning and Economic Development, we’ve established a very clear goal for ourselves – to make Hamilton the best place in the country to start or grow a business,” he said. The report also noted redevelopment opportunities as a key factor for midsized cities. Upgrading current office stock, complemented by relocation incentives through government programs, assist and attracting companies looking for these amenities. Commute times and transportation availability have become prime benefit-drivers for mid-sized anchor cities. Primary commuter infrastructure such as access to roadways, highways, public transit and bikeways can give certain cities a measureable competitive advantage in attracting business. This report also showed that companies have been putting increasing value on local amenities for employees when choosing a location to do business, as certain amenities are deemed important by the type of employees companies wish to attract. Hamber added,“A liveable city is more than just having a home and a backyard and in great communities, people are now fully engaging with their community. Today, it’s about having things to do and experience, places to do them and a decent climate in which to do them.” For more information visit Colliers.com.
10339498_2115
Volume 15 Issue 05
35
Commercial Real Estate & Business Opportunities For
Further inFormation:
John hryczynski Broker
(905) email:
John@BBsrealty.com
www.BBsrealty.com
REAL ESTATE BROKERAGE
commercial real estate
real estate sales and leasing serviCes RETAIL/OFFICE FOR LEASE 1715_DJW_0103
STONEY CREEK, HWY #8 Busy retail plaza with national tenants such as Tim Horton's, Subway, Home Hardware in plaza and many others along this major traffic artery. Two units - 1,238 sf each, may combine, ideal for most retail/office uses, ready for immediate possession. Well priced, great parking. Landlord will assist with improvements. Call for details.
RETAIL/OFFICE FOR LEASE
RETAIL/OFFICE FOR LEASE
RETAIL/OFFICE FOR LEASE 1715_DJW_2_0066
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: 1,817, 2,006 & 2,604 (divisible) sf, asking from $14.95$15.94/sf GROSS. Economically priced! Immediate possession.
2115_DJW_0089
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. 102 residential condo units and 7,000 sf of commercial units. Zoning to be finalized this fall/winter. Call LA for details. 1715_DJW_2_0062
2115_DJW_2_0081
RETAIL/OFFICE FOR LEASE
2115_DJW_2_0067
MIXED USE CONDO DEVELOPMENT SITE
EAST HAMILTON MOUNTAIN A first class busy regional retail complex, anchored by Metro Food, Shoppers Drug Mart, LCBO, department stores, banks & other retailers w/tremendous parking capacity. Unit 9 - 13,390 sf: retail space ideal for a fashion, Dollar, furniture store or other uses, asking $16.95/sf net; Unit 29 - 1,520 sf: current bar/restaurant use ideal for same or most other retail/office uses. Immed. poss'n, call for details.
EAST HAMILTON Attractive neighbourhood retail plaza in the heart of a high population mixed density res. area. Easy access to Red Hill Expressway. Units sizes vary from 786 - 6,800 sf with rental rates Economically priced from $9.95 - $13.95/sf net. Ideal for most retail/office uses. Landlord may assist with improvements. Abundant parking. Immediate possession.
170 SILVERCREEK PARKWAY NORTH, GUELPH Located on a major arterial road across from Willow West Mall. Many national tenants on this power retail strip. Available: Unit 2 – 2,151 sf, former variety store & Unit 6 – 3,400 sf, ideal for most retail/office uses, affordable rents, from $12.95 $13.95/sf net, immediate possession. Also, new retail units from 1,250 – 4,555 sf, asking $13.95 to $18.95/sf net, Landlord may assist with improvements! Immediate possession. Loads of parking! Call agent for details.
11272370_2115
987 RYMAL ROAD EAST HAMILTON, ON,L8W 3M2
905-574-4600
TR
S
SALES REPRESENTATIVE
ND YA RT ESS E OP IN PR BUS
ZA
LA
P IP
GEORGE KYPRIANOU
PRICE ADJUSTED
SMITHVILLE
Great investment in Ancaster. Approx. 20,400 sq ft one storey strip plaza. 6 unit. Hwy access. Great exposure. For more information call George Kyprianou. If you require statement please send confidentiality agreement.
This is one of a kind property & business. Excellent opportunity for large family. A very busy restaurant. 4,000 sq ft plus approx. 5,000 sq ft of a banquet hall. 3 Bedroom self-contained apartment on second floor. High traffic. Business & property is second to none. For more information call George Kyprianou. 2115_DJW_1_0040
2115_DJW_1_0039
Please say you saw it in The Commercial Investor
R FO
E
AS
LE
MEDICAL BUILDING TO BE BUILT
Ancaster professional multi-use or office with wide variety of medical uses. Architectural, law, engineering, insurance, accounting firms and more. Very well designed floor layouts. Located downtown Ancaster. Lots of parking. For more information call George Kyprianou. 2115_DJW_2_0042
Hamilton
CommerCial
529-5900 x 240
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@ypnexthome.ca thecommercialinvestor@ypnexthome.ca
Ca NewSectionPages_FullColor2015.indd 8
2015-03-19 3:47 PM
SELLING REAL ESTATE FOR OVER 25 YEARS
Bill Morrison SALES REPRESENTATIVE
Direct:
905-619-9500
Heritage Realty Inc., Brokerage Independently Owned and Operated
Email:
morrisonb@sutton.com
TORONTO
TORONTO
Investment property on Danforth. Fully tenanted commercial plus 17 bachelor apartments. Lane access. ASKING
$2,600,000
ASKING 1315_DJW_0072
$3,799,000
Investment opportunity on Roncesvalles Ave. Store has AAA tenant, plus 2 bedroom apartment and 1 bedroom. Separate meters.
$1,098,000
ASKING 1315_DJW_0073
$2,350,000
$600,000
Great development potential for 10 residential lots. Building has 2 tenants. Fenced in compount. Building 42’ x 80’ on large lot.
$2,999,999
1715_DJW_0656
Office building with great curb appeal, downtown on busy road. 12 parking. Excellent investment opportunity. ASKING
1315_DJW_0075
DOWNTOWN RICHMOND STREET
ASKING
Freestanding building on Sheppard Ave. 3 independent levels. High ceilings, lots of parking. Great investment. Excellent opportunity for user or rental income!
OSHAWA
OSHAWA
ASKING
1315_DJW_0077
TORONTO
TORONTO
ASKING
Location, location! 2 minute walk to Eglinton Ave. 17 residential apartments and 4 commercial units. Fully leased.
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?
$549,000
1315_DJW_0076
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 $3,000,000
1315_DJW_1_0124
I URGENTLY NEED MORE PROPERTY TO SELL IN ALL AREAS,
BUYERS ARE WAITING.
Call Bill Morrison to sell yours! FREE consultation call Bill 905-619-9500
10527900_2115
Toronto line: 416 798 7278
tby
-19 3:47 PM
Platinum Award Winner
trebreport
GTA REALTORS REPORT commercial market figures
T
oronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported a strong year-over-year increase in leasing activity through TREB’s MLS system in April. Combined industrial, commercial/retail and office space leased on a per square foot net basis, with pricing disclosed, was up by 79 per cent in comparison to the same period last year. The industrial market segment led the way with almost double the amount of space leased this year compared to last. The increase in industrial leasing was driven by deals reported in larger size categories. These types of larger deals were absent in April 2014. The number of transactions and amount of space leased can be volatile, especially when considering monthly statistics. Changes in average lease rates in April were mixed. The average industrial lease rate was down to $5.11 per square foot net compared to $5.37 last year. This dip was due to the increased share of larger properties leased this year. Larger properties tend to lease for less on a per square foot basis. Average commercial/retail lease rates were up to $21.32 per square foot net compared to $19.00 last year and average office lease rates were down slightly to $13.06 per square foot net.
“Following an increase in leasing in the first quarter, strong April leasing results relative to last year point to positive results for the second quarter as well. Even though there is still some uncertainty for the outlook for the Canadian
economy as a whole, it seems probable that the lower value of the Canadian dollar will boost the production of exports produced in the GTA. This expectation may be leading firms to take on more space in order to boost production,”said Mr. Etherington. Total commercial sales in April 2015, where pricing was disclosed, amounted to 56, compared to 53 in April 2014. Industrial and office transactions were up on a year-over-year basis, whereas commercial/retail sales were down. Average selling prices per square foot were up slightly for industrial and office properties. The large increase in the average commercial/retail selling price was compositional in nature, with a change in the mix of above-average price transactions in the central core. “The GTA is often at the top of various rankings, both as a place to live and a place to do business. The region’s close proximity to the United States and the recent dip in the value of the Canadian dollar should underpin further investment in commercial real estate moving forward,”continued Mr. Etherington.
S
r
e
APRIL 2015: Per Square Foot Net Commercial Leasing Summary Lease Transactions Completed on a Per Square Foot Net Basis with Pricing Disclosed on Toronto MLS
Leased Sq. Ft. (Price Disclosed, Per Sq.Ft. Net) April 2015
April 2014
% Change
Industrial
669,497
338,076
98.0%
Commercial
85,206
57,658
47.8%
Office
56,328
57,264
-1.6%
Total
811,031
452,998
79.0%
April 2015
April 2014
% Change
Industrial
$5.11
$5.37
-4.8%
Commercial
$21.32
$19.00
12.3%
Office
$13.06
$13.23
-1.3%
Avg. Lease Rate
APRIL 2015: Commercial Sales Completed with Pricing Disclosed on TorontoMLS Sales (Price Disclosed) April 2015
April 2014
% Change
Industrial
21
20
5.0%
Commercial
22
25
-12.0%
Office
13
7
85.7%
Total
56
52
7.7%
April 2015
April 2014
% Change
Industrial
$115.71
$114.42
1.1%
Commercial
$302.72
$239.42
26.4%
Office
$211.50
$209.85
0.8%
Avg. Sale Price Per Sq. Ft. (Pricing Disclosed)
40
Commercial Real Estate & Business Opportunities
Volume 15 Issue 05
SkyViews The Benefits of Smart Submetering By Vince Brescia, Wyse Meter Solutions Inc.
Many property owners across Canada have discovered the benefits of submetering. With utility costs rising at 10% annually, many haveaccelerated their plans to convert “utilities included” buildings to individual billingutilities. The primary motivation has been the immediate improvement in net operating income, but there are other reasons. This article is intended to provide some background about submetering – what it is, how it is implemented, and a summary of the benefits. Firstly, what is submetering? For those unfamiliar with it, submetering takes place when individual meters for each unit are installed behind the local distribution company’s (LDC’s) bulk meter. These meters are then used by a submetering company to individually bill and collect from tenants, whether commercial or residential, just like the LDC would if theyhad individually metered the building.
Greater Toronto Area
When you look around the world, bulk utility buildings, where utilities are included in rent, are unusual. Ontario in particular stands out within Canada because LDC’s had an aversion to individual billing of electricity: they didn’t want to deal with tenants, so thought it would be easier for them to deal with landlords. They didn’t want the headache of dealing with tenants. So Ontario has this unique situation where the majority of rental buildings in the province are not individually metered for electricity. In the rest of the country (and the world), individual billing is the norm. However, there are still some bulkmetered buildings in all jurisdictions. The process of moving from bulk billing to individual billing is quite simple. For the majority of installations, which are uncomplicated, a submetering company will usually install the meters often at no cost to the owner. The submetering company will recover the cost of the installation through a monthly customer charge, which is typically the same or lower than the LDC would charge. The residents will not see this customer charge: it will only be one element of a line called “Delivery Charge” as required by provincial rules – the same practice that the LDC’s must follow. In Ontario, billing of individual tenants for electricity would only happen on turnover, because under the
Residential Tenancies Act, an existing tenant’s consent is required before you can convert them to individual billing, and they often will not grant consent. So individual billing commences as each suite turns over. Also in Ontario, individual billing for electric heat is not allowed, but just like gas-heated buildings, you can meter the lights and plug-load in the units, which is significant. In other provinces, these restrictions do not apply, so an entire building can be converted within 1 year, and you can meter electric heat. Currently, legislation in Quebec and Manitoba, which both have one monopoly provincial electricity utility,electrical submetering of residential properties is currently not allowed. Once individual billing commences, the change in resident behavior is quite shocking. As soon as residents are exposed to a bill for a utility, their consumption drops dramatically. Wyse recently analyzed a portfolio of over 1500 units and found that bill payers consume on average 48% less electricity than non-bill payers. There is a huge environmental benefit to submetering. And the other benefits? Our current clients tell us that they do not change their rents once they submeter. Therefore, the entire utility cost per unit goes straight to their bottom line in savings. In a typical suite, that’s $50 per month in cost savings. However, in the case of electricity, rates in some provinces are forecast to rise by 10% annually for years. So by 2020, $50 per month will become $90 per month. If cap rates are at 6%, that is $18,000 in additional value created per unit by 2020 through submetering. And with utility costs rising the way they are, there is another beneficiary – most residents. Individual billing means that residents who economize on utility consumption no longer have to effectively subsidize big users in their building. By conserving, they save. And they get to see directly the benefit they are having on the environment. Vince Brescia is President of Wyse Meter Solutions Inc., Canada’s leader in utility information and expense management. www.wysemeter.com 1-800-672-1134
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
8647857_2115
Vol
Volume 15 Issue 05
41
Commercial Real Estate & Business Opportunities
The Direct Source For All Your Mortgage Needs The Direct Source For All Your Mortgage Needs Providing Financing for Commercial and Residential Properties
Providing Financing for Commercial and Residential Properties Private Funds from 5.99% - Bad Credit, No Income Verification OK Residential Mortgages (1.95% 5 Year Variable) 1st and 2nd Mortgages 0% Down Payment Residential Purchases Residential Mortgages (1.95% 5 Year Variable) Lines of Credit Private Funds from 5.99% - Bad Credit, No Income Verification OK 1st an 2nd Mortgages Commercial Mortgages 0% Down Payment Residential Purchases Construction Financing The Direct Source For All Your Mortgage Needs Lines of Credits Multi-Family Properties - CMHC Insured Up To 85% or Conventional Commercial Mortgages RetirementConstruction Homes / Long Term Care Financing Providing Financing for Land Multi-Family Properties -Vacant CMHC Insured Upand ToResidential 85% or Conventional Commercial Properties Retirement Homes / Long Term Care VacantResidential Land Mortgages (1.95% 5 Year Variable)
Greater Toronto Area
e 05
Private Funds from 5.99% - Bad Credit, No Income Verification OK 1st an 2nd Mortgages 0% Down Payment Residential Purchases Lines of Credits Commercial Mortgages Construction Financing Multi-Family Properties - CMHC Insured Up To 85% or Conventional Retirement Homes / Long Term Care Email Address Vacant Land
1-877-777-7308 Verico The Mortgage Leaders Inc. FSCO License # 10238
1-877-777-7308 Email Address
Verico The Mortgage Leaders Inc. FSCO License # 10238
11297590_2115
1-877-777-7308 info@themortgageleaders.ca
Verico The Mortgage Leaders Inc. FSCO License # 10238
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Volume 15 Issue 05
Commercial Real Estate & Business Opportunities
Graham Cosgrove
Sales Representative
11297411_2115
cell: 905-449-7591 office: 888-966-3111 www.onepercentrealty.com
11289454_2115
IDEAL DEVELOPMENT OPPORTUNITY NEAR COBOURG
2 acre site in expanding Baltimore Community mins North of 401. High traffic area gives good exposure. Zoning HC-2 (Highway Commercial) Hamlet Commercial. Greater Toronto Area
Serviced by Municipal Water, Gas and Septic. 2115_DJW_0006
What our clients are saying about us “I have 2 ads currently in the Commercial investor. I have had a steady flow of calls primarily from investors in the 416/905 areas regarding my properties. I am really pleased with the results & the quality of prospects for the properties I enjoy listing & selling.� Thank you Doreen.
Nelson Conroy Sales Representative
Royal LePage Triland Realty Brokerage London/St. Thomas For information call 1.800.268.0077 Please say you saw it in The Commercial Investor
Vol
43
Commercial Real Estate & Business Opportunities
Colin Mortell
Brian Mortell
Sales Representative Email: colinmortell@yahoo.com
Broker of Record/Owner Email: bmortell@rogers.com
70 YONGE STREET
3354 INNISFIL BEACH ROAD
TOWNSHIP OF SPRINGWATER
$670,000
TOWN OF INNISFIL
√ 7.29 acres total available √ Property is a 'Gateway' Property for Elmvale and is adjacent to Tim Hortons √ AADT is in excess of 10,000 per day √ Zoning is currently split between General Commerical, Tourist Commercial, Residential and EP MLS 1405937
23 BERTRAM INDUSTRIAL PARKWAY
√ 31.76 acres available √ Located in Innisfil Heights Business Park √ IBP Zoning allows a variety of uses including Retail use, Hotel, Financial Institution, Contractors Yard, Office, Manufacturing. Motor Vehicle Service Station √ Planning Report available upon request MLS 1500434
$6,000,000
26-38 BERTRAM INDUSTRAIL PARKWAY
TOWNSHIP OF SPRINGWATER
$1,500,000
DBM REALTY LIMITED, BROKERAGE 49 HIGH STREET UNIT 305A BARRIE ON L4N 5J4 OFFICE: 705-737-3271 | FAX: 705-726-9183
TOWNSHIP OF SPRINGWATER
√ 3.87 acres √ The building consists of 7600 SF Shop/Warehouse (5 grade doors, mechanics bay with pit, waste oil burner), 1400 sf, office space (4 separate offices, a kitchen, reception area). 1400 sq ft mezzanine. √ Zoned general industrial with outside storage MLS 1500789
√ Individual lots available at sizes of 2.43, 2.57, 3.03 and 3.14 acres or total of 11.7 acres √ Property is 10 min north of Barrie and cleared, level and ready for development. √ Zoned General Industrial with outside storage
$105,000/PER ACRE
MLS 1503236
COMMERCIAL * RESIDENTIAL * INVESTMENT
www.AJLamba.com
Already SOLD over
905 502-9944
$600 Million!!!*
AJ Lamba,
JENNY** ZHOU
24 HRS
Broker of Record
AMAN** DEOL
YOSUF** NISSARI
FILIP** HAJDUK
11294169_2115
SAVE $$$ Buying & Selling! We also Speak your Language!!
Established Automotive/Truck Business w/ 1.25 Acres of Land! Approx $1.8 Mill Sales With Great Verifiable Net Income! Turn Key Operation! $2,000,000.00 ID#CI4987
Build & Design Your Dream 15,000 Sqft Spaza in Prime Mississauga Location Seconds from Hwy 403, 401 & 410. High Traffic Area w/Rare 325ft Frontage! $1,700,000 ID#CI0900
Work Less & Earn More! 11 Year Established Profitable Filipino Resaurant With Loyal Clientele. In Busy High Demand Mississauga. Low Rent & Upgrades! $185,800.00 ID#CI1090
Well Established Irish Pub in Prime High Traffic Location w/Loyal Clientele! Approx $35,000 Mthly Gross Sales! Great 3+5 Yr Lease Left w/Low Rent! $175,000. ID#CI1775
Over 10 Yrs Established Health Supplement & Tanning Business w/Loyal Customers! No Franchisee/Royaltis! Prime Location In Erin Mills w/Access to Gym! $100,000.ID#CI6460
Well Established & Profitable Hair Salon For 45 Years With Loyal Clientele In Fantastic Corner Location In Mall. Low Lease Rate Of $2,446 Tmi &Water Incld! $50,000. ID#CI1255 *In Total Sales Volume **Salesperson
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Greater Toronto Area
Volume 15 Issue 05
11297156_2115
e 05
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Volume 15 Issue 05
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.
Please say you saw it in The Commercial Investor
11276658_2115
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
45
Commercial Real Estate & Business Opportunities
DENNIS MA
West Realty Group Brokerage Independently Owned & Operated
SALES REPRESENTATIVE
416-233-6276 Toll Free 1-800-515-9783
2115_DJW_0091
Lot is L Shaped, total land area approx. 12,270 sq ft. Located at the S/E Bloor and Dovercourt. Consists of two semi-detached with income and 6,400 sq ft single storey proposed conceptual plan for 4 units possible, VTB with $1M down. Please call for details. MLS C3195442.
STORE FOR LEASE
BUSINESS FOR SALE
D
- Machine shop with own specialized automation machinery. - Located in Concord. - Annual sales $1.25 M $1.67M. - Operating for 37 years. - Premise on 20,000 sq ft leased. - Leased rate at $5.50/sq ft., 1.5 years remaining. - Call for details. Exclusive
SE A E L
- Avenue Road, Toronto. - Busy Area. - 820 Sq ft unit near corner. - Good for most retail, fast food, flower, gocery etc. - May be divided. - Lease $3,800 per month 11297593_2115
RESIDENTIAL DEVELOPMENT - TORONTO
dennisma@royallepage.ca
ASKING $2,999,000
William Hicks SALES REPRESENTATIVE
OFFICE: 905-335-3042 Ext 579
Office - Industrial - Retail
BURLOAK REAL ESTATE SERVICES BROKERAGE INDEPENDENTLY OWNED & OPERATED BROKERAGE 1315_DJW_2_0023
williamjoelh@gmail.com
Burlington Golden Horseshoe
FOR LEASE - NEW LISTING
OFFICE/RETAIL SPACE
Quiet charming office space located in West Burlington directly beside the Royal Botanical Gardens. Gross lease of approx. 1,050 sq. ft. split over two floors. The space boasts nice natural light with a warm and inviting feel. Kitchenette on the second floor with washrooms on both first and second floors. Space well suited for destination.
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.
Information provided by owner and is not warranted by Royal LePage Burloak Real Estate Services Brokerage. Subject to change without notice. 11287063_2115
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Greater Toronto Area
Volume 15 Issue 05
2115_DJW_0061
e 05
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Commercial Real Estate & Business Opportunities
Volume 15 Issue 05 11265283_2115
Igor Chouminov President, Broker of Record
416.877.0326 igor@paiirealty.com
PAII REALTY INC.
Brokerage
INVESTMENT AND DEVELOPMENT REAL ESTATE
Prestigious
15 UNIT TOWNHOUSE DEVELOPMENT SITE RICHMOND HILL
Modern Design: 15 Unit Townhouse Site, 2000 sf average size, 3 storey, large backyards, upscale neighborhood. Walking distance to shopping, schools, and transport. Priced at $4,500,000
1715_DJW_2_0102
60' Lots
• 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 $1,150,000.Please call for Details!
On Exclusive & Private Street Lot Prices Starting at
$1.150 Million Register at:
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COMMERCIAL AND RESIDENTIAL PROPERTY FOR DEVELOPMENT SITE PLAN APPROVED PROJECTS RETAIL PLAZAS AND OTHER INVESTMENT PROPERTIES INVESTORS FOR REAL ESTATE PROJECTS ACROSS THE GTA!
businessbarometer
SMALL BIZ CONFIDENCE SLIPS IN APRIL
A
pril showers were not the only thing putting a damper on Canadians’ mood. There was a slight but broadly based drop in small business confidence levels, as measured by CFIB’s Business Barometer Index, with seven of 10 provinces reporting a decline, shaving a point off the national index to 60.5. “We’ve seen a cooling after last month’s rebound as the fallout from the shift in energy price fundamentals works its way through the economy,”said Ted Mallett, CFIB’s chief economist and vice-president.
the lowest confidence level among the provinces, and Saskatchewan falling for the sixth month in a row to 50.0. Central Canada reported mixed results: Manitoba posted big gains, jumping six points to return to the national average at 60.2, while Ontario saw a three-point drop to 62.5. Quebec’s index fell slightly to 57.3 on a record-high number of businesses (14 per cent) reporting they are in bad shape. The news was slightly better in Atlantic Canada. Nova Scotia and New Brunswick both saw optimism fall again in April but still remain above the national average. Nova Scotia dropped to 63.3 while New Brunswick slipped to 60.7. Newfoundland and Labrador saw confidence recover slightly, rising to 59.0, and Prince Edward Island led Atlantic Canada again with the second-best optimism level in the nation, a healthy 69.2. April saw a general cooling in the small business economy, with only 39 per cent of business owners reporting their firms to be in good shape – a fivepoint drop from the levels late last year. Improvement was reported on the nation’s skilled labour shortage, as the 30 per cent of owners identifying it as a problem is the lowest level in two years.
On a scale between 0 and 100, an index above 50 means owners expecting their business’ performance to be stronger in the next year outnumber those expecting weaker performance. One normally sees an index level of between 65 and April, 2015 findings are based on 1,008 responses, collected from a stratified random sample of CFIB members, to a controlled-access web survey. Data reflect responses received 70 when the economy is growing at its potential. British Columbia led the way for a second consecutive month, bucking the national trend to climb to 71.9. However, the rest of the west didn’t fare as well, with Alberta dropping to 47.0,
through April 20. Findings are considered accurate to +\- 3.1 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
Vol
47
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Commercial Real Estate & Business Opportunities
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Sam McDadi Real Estate Inc., Brokerage
00
www.mcdadi.ca/1065102c Well established dentistry practice. Corner unit. Fully equipped. Excellent clientele.
www.mcdadi.ca/69e Main City block property. Approx 18,000 sq ft and C8 zoning. 4 retail stores & 4 apartments.
www.mcdadi.ca/10104c High traffic plaza close to the airport. Over $125K in upgrades. Tons of parking.
www.mcdadi.ca/3100r Multi use unit. Approx. 1476 sq. ft. Busy industrial/retail plaza. Solid investment opportunity.
00 59 $3
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www.mcdadi.ca/65f www.mcdadi.ca/67304d Successful Coffee franchise in the Industrial unit. Double door loading heart of Toronto. Busy intersection in a bay. 20 ft ceilings. Close to the highhigh traffic neighbourhood. ways & steps to transit. 1715_DJW_1_0016
Please say you saw it in The Commercial Investor
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www.mcdadi.ca/535917t Prime location with easy access to all major highways. Approx. 1,900 sq ft. 2 baths, low maintenance fees.
$3
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www.mcdadi.ca/9914m Established Marble/granite sales, installation & service business. High and Skema logic cutting machine.
www.mcdadi.ca/516101c Growing franchise. Seating for 40 patrons. Liquor licensed. Walking distance to the GO. 1715_DJW_1_0029
1715_DJW_0010
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www.mcdadi/ca/5503e Detached building in prime south Mississauga. Established restaurant. Turnkey Excellent potential for investment. Business operation. LLBO licensed and seats owned and operated for 17 years. 1500 sq ft. 150 patrons plus 70 on the patio. Apartment above. Fantastic opportunity. Act fast. Priced to sell. 2115_DJW_0008 1715_DJW_0011
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www.mcdadi.ca/900m Great Canadian franchise located in a very busy Shopping Mall. Great traffic & solid income. 1715_DJW_0012
Greater Toronto Area
$4
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www.mcdadi.ca/2495h www.mcdadi.ca/180a www.mcdadi.ca/3033h www.mcdadi.ca/291L Free standing 13,000 sq ft warehouse Industrial office complex. Approx 12,000 Great investment opportunity on a Excellent Port Credit location zoned sq ft of space. Tons of parking. Permit ideally located in one of the busiest fabulous central intersection. Currently C4. Approx 2800 sq. ft. Presently corridors of the GTA. E2 zoning allows available to build a 2nd floor expansion. leased by a physician & a pharmacy. 100% occupied. Excellent investment. for many usage. 1715_DJW_1_0012 1715_DJW_0005 2115_DJW_0007 1715_DJW_0006
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Volume 15 Issue 05
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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
NET INCOME $700,000 2.5 acres of land. 26,829 sq ft built up area. Fully leased with multiple triple 'A' tenants. Escalating leases. 200 + parking spaces. Main arterial street location. Re-development at this site allows 230 apartments + Retail + office.
Principals only. All information to be provided upon meeting. Please call 647 295 5501 or email info@sanjivpuri.ca
EARN 12% PER YEAR INVEST IN PROJECTS WITH OUR TEAM CALL 647-295-5501 FOR DETAILS www.connect2realestate.ca
11297676_2115
2115_DJW_1_0097
Greater Toronto Area
2115_DJW_3_0096
$14,900,000
49
Commercial Real Estate & Business Opportunities
11297676_2115
Greater Toronto Area
11294307_2115
Volume 15 Issue 05
Please say you saw it in The Commercial Investor
Vol
CENTRAL ONTARIO
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
CENTRAL ONTARIO 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
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doreen.wills@ypnexthome.ca thecommercialinvestor@ypnexthome.ca
NewSectionPages_FullColor2015.indd 10
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Volume 15 Issue 05
51
Commercial Real Estate & Business Opportunities 8313781_2115
Bill Byers Sales Representative bill-byers@coldwellbanker.ca
TEMISKAMING REALTY LTD.,
2115_DJW_0042
E IC PR 900 , W 9 NE$29
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. MLS 140081
Central Ontario
COMMERCIAL/RESIDENTIAL 5 Units - 1 Com & 4 Res downtown New Liskeard. Always rented, long term tenants. Parking. Asking $319,900. MLS #150941.
WATERFRONT 168 Acres with over 900 feet frontage on the Beautiful Montreal River at Elk Lake. Great spot to develop or build. Lovely views, close to town. Asking $179,900. MLS 122045.
GOWGANDA Renovated home on 2.66 acres with 5 unit motel being converted into an apartment & 3 storage units. Lots of room and potential here with no zoning or building permits required (unorganized) Between Gowganda Lake & Small Lake almost completely surrounded by crown land. Asking $149,900. MLS 150948 2115_DJW_1_0142
2115_DJW_1_0070 2115_DJW_1_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. New price - $374,900. MLS 141712
2115_DJW_1_0059
New Liskeard, Northern Ontario
2115_DJW_1_0057
www.temiskamingrealty.com 1-866-557-1110 705-647-1110
BROKERAGE
Ontario’s First Magazine Dedicated to Industrial, Commercial and Investment Real Estate
FOR ADVERTISING CALL
DOREEN WILLS 905.570.9283 • 1.800.268.0077 Doreen.Wills@ypnexthome.ca Please say you saw it in The Commercial Investor
inthenews
UPTICK IN DEVELOPMENT SHOWS CONFIDENT STATE OF CANADIAN & U.S. INDUSTRIAL MARKETS Avison Young releases its Spring 2015 Canada, U.S. and U.K. Industrial Market Report
T
hese are some of the key trends noted in Avison Young’s Spring 2015 Canada, U.S. and U.K. Industrial Market Report, released recently.
Industrial markets on both sides of the border are experiencing stable-to-improving fundamentals, with a narrowing spread in vacancy rates between Canada and the U.S. year-over-year. Confidence in anticipated demand is demonstrated by active development pipelines. Volatile energy prices remain an unknown factor going forward, but their impact has yet to be felt – and is expected to be localized in particular markets and industry sectors. The report covers the industrial markets in 43 Canadian, U.S. and U.K. metropolitan regions: Calgary, Edmonton, Guelph (Southwestern Ontario), Lethbridge, Mississauga, Montreal, Ottawa, Regina, Toronto, Vancouver, Winnipeg, Atlanta, Austin, Boston, Charleston, Charlotte, Chicago, Cleveland, Columbus, OH; Dallas, Denver, Detroit, Fort Lauderdale, Houston, Las Vegas, Long Island, Los Angeles, Miami, New Jersey, Oakland, Orange County, Orlando, Philadelphia, Pittsburgh, Raleigh-Durham, Reno, San Diego County, San Francisco, San Mateo, Tampa, Washington, DC; West Palm Beach and London, U.K. “It’s been one year since we launched our inaugural Canada-U.S. industrial market report, and we are pleased to report that, as Avison Young has grown, our coverage has expanded from 35 to 43 industrial markets, including additional cities in Canada and the U.S., plus London in the U.K.,” comments Mark E. Rose, Chair and CEO of Avison Young. He continues: “Momentum continues to build, particularly in the U.S. markets, many of which have recorded declines in vacancy and a steady rise in rental rates, while demand
for quality assets has been broad based. This situation will only get better as the U.S. economy expands – and the spillover effects will benefit Canada. Both countries’ industrial markets have positioned themselves to take advantage of this anticipated next phase of the recovery by delivering state-of-the-art distribution and warehouse facilities, both design-build and speculative in nature. “While we have been accustomed to low single-digit vacancy rates across Canada, even through the credit crisis, it’s great to finally see all but one of the U.S. markets covered by Avison Young in single-digit territory. London, Avison Young’s first location in the U.K., shares similar market fundamentals, with decreasing vacancy and rising rental rates.” According to the report, of the 42 industrial markets tracked by Avison Young across North America, vacancy declined in 32 markets, increased in eight, and remained unchanged in two, during the 12-month period to the end of the first quarter of 2015. Year-over-year improvement occurred in almost all of Avison Young’s U.S. markets, with vacancy rates falling to varying degrees in 27 of 31 metropolitan regions surveyed. In Canada, the results were a mix of subtle shifts in vacancy in both directions, with the exception of two markets, which showed no change compared with the first quarter of 2014. The Canadian industrial market collectively reported a vacancy rate of 4.4 per cent, down 20 basis points (bps) year-over-year in the first quarter of 2015, compared with 6.9 per cent (-90 bps) in the U.S. Both countries have seen a significant increase in development during the past 12 months, as more than 117 million square feet (msf) was under construction at the end of the first quarter of 2015. To support growing Continued on page 54
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Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
SECTION COVERING: Lindsay Peterborough Port Hope Bowmanville
EASTERN ONTARIO
EASTERN ONTARIO
Cobourg Trenton Belleville Kingston Northeastern Ontario
d
a,
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contact Doreen Wills Tel: 1-800-268-0077 or 905-570-9283
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NewSectionPages_FullColor2015.indd 11
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inthenews
CANADIAN MARKETS CLAIMED SIX OF THE LOWEST VACANCY RATES, FOUR OF THE HIGHEST AVERAGE ASKING NET RENTAL RATES AND THREE OF THE BUSIEST DEVELOPMENT MARKETS OF NORTH AMERICA’S TOP 10.
supply-chain networks, distribution centres are being built or expanded by the likes of Canadian Tire, Walmart, Home Depot, FedEx and Hyundai Mobis (in Canada), and Amazon.com, Cardinal Health, Midwest Warehouse & Distribution Systems, Southern Wine and Spirits, and ALDI (in the U.S.). “Macroeconomic conditions, including volatile oil prices, a low Canadian dollar and less-than-stellar GDP numbers, are starting to take their toll on commercial real estate property market fundamentals in Canada,” says Bill Argeropoulos, Principal and Practice Leader, Research (Canada) for Avison Young.“The industrial market is faring much better than the office sector, where pressure is building as a result of a burgeoning new supply pipeline in major markets such as Vancouver, Calgary and Toronto, and the retail sector, which has been affected by the unexpected exit of Target from Canada and the closure of all Future Shop locations, and other retailers’ departures.” He adds: “The industrial sector is displaying low vacancy rates, stable-to-rising rental rates, improving leasing velocity, a growing – but conservative – development pipeline and strong investor demand. An established and expanding distribution and logistics-driven industry and a sustained U.S. recovery will provide upside, and if a low Canadian dollar persists, it will fuel exports and boost a retooled manufacturing sector, particularly in Ontario and Quebec. The only caveat: manufacturers linked to the oil and gas sector will face headwinds.” CANADA Notable First-Quarter 2015 Canadian Industrial Market Highlights: › Canadian markets claimed six of the lowest vacancy rates, four of the highest average asking net rental rates and three of the busiest development markets of North America’s top 10. › Single-digit vacancy rates persist, with seven of 11 Canadian markets surveyed posting vacancy below the national average of 4.4 per cent – down from 4.6 per cent one year ago. › Regina recorded the lowest vacancy rate (2 per cent) and the greatest swing (-160 bps), while Montreal (6.6 per cent) had the country’s highest vacancy.
Continued on page 60
Volume 15 Issue 05
55
Commercial Real Estate & Business Opportunities
Phillippe Aune
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THECOMMERCIALINVESTOR.CA Published by
$4,400,000
MONTREAL Residential and semi commercial building in the heart of Mile End! Near the Outremount area, walking distance of everything. Huge rental potential.
All-Stars Realty Inc., Brokerage BOBCAYGEON
705-738-2378
705-738-7444
brainsforth@i-zoom.net w w w. ba rr yra i n sfo r th . co m
9764473_2115
Barry Rainsforth., Broker
Fronting on the main street of BOBCAYGEON BOLTON ST Located at Lock 32 on the TRENT SEVERN WATERWAYS, 90 MIN NORTH of GTA. 7100 sq foot building with 6576 sq ft of gross rentable area LEXCAN ROOF SYSTEM with twelve parking spots paved parking lot with entrance off two streets APPRAISAL and PHASE ONE report fall of 2014 available. MLS #1545114 X3095901. 2115_DJW_0034
Please say you saw it in The Commercial Investor
Eastern Ontario
COMMERCIAL/INVESTMENT OPPORTUNITY $1,095,000 SIX LONG TERM TENANTS CAP 7.5%
NIAGARA
Featuring the Best Selection in Industrial, Commercial and Investment Opportunities
NIAGARA SECTION COVERING: Niagara Falls Niagara-on-theLake St. Catharines Thorold
Welland Fort Erie Beamsville Fonthill Port Colborne
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contact Doreen Wills Tel: 1-800-268-0077 or 905-570-9283
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Keith Cumming HP(EJ).pdf
2/19/15
2:07:27 PM
11295048_2115
Volume 15 Issue 05
Commercial Real Estate & Business Opportunities
LUCY BORGHESI Broker
905-935-6838 gamhowe@sympatico.ca
lucyborghesi@royallepage.ca
Niagara Region 905-358-9800 | 1-877-357-7346
Royal LePage Niagara Real Estate Centre, Brokerage* Independently Owned & Operated
B U YE
R S
O N LY
4240 BRIDGE ST., NIAGARA FALLS $550,000
PRIME CARLTON AND NIAGARA ST LOCATION
18 room rooming house, and 4500 sq. ft. of commercial store frontage located directly across from VIA rail train station (and future GO train station), bus terminal and one block from lower United States border bridge, in down town area. Exclusive listing
Development land approved for 124 residential condominium units or retirement home plus an additional 10,000 square feet of first floor commercial space. Call Lucy Borghesi for all details.
1715_DJW_1_0071
YE
R
S
O N
LY
$2,500,000, NIAGARA FALLS - EXCLUSIVE LISTING
B U
905.688.4561
$2,780,000
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.
2115_DJW_0048
VACANT LAND NIAGARA FALLS DEVELOPMENT OPPORTUNITY TERRACE AVENUE
1715_DJW_1_0001
Located one block to the Niagara River Currently zoned for an Inn but may have other possible residential uses.
NIAGARA FALLS
7 cheap houses all with tenants that must be assumed, ranging in price From $95,000 to $149,000. Available for quick closing.
ST.CATHARINES
$179,900
9 Brock University houses available for sale, each with 5 or 6 bedrooms, 4 have mortgages that must be assumed.
2115_DJW_0049
905-641-1110 Tony Tripodi cell: 289-241-6954 Garden City Realty Inc., Brokerage Independently Owned & Operated
11297464_2115
11277217_2115
Greg Howe Sales Representative
Broker
tripodi@sympatico.ca
10331793_2115
58
INDUSTRIAL * COMMERCIAL * INVESTMENT
SPACE FOR LEASE ST CATHARINES
NIAGARA FALLS
Niagara Peninsula
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!
E
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C RI
Bakery and Cafeteria located in large retail plaza established business, with large sales amount. Long list of equipment. Selling due to health reason Reduced to $525,000.
ED
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C DU
1715_DJW_1_0129
NIAGARA FALLS
2115_DJW_2_0117
ST. CATHARINES
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! 1715_DJW_1_0128
Please say you saw it in The Commercial Investor
Professional offices for rent. Commercial core, close to new arena, nearly completed Brock Performance Arts Centre, Court House, Bus Terminal and much more. Only $12.00 sq. ft. Great view! Call today. 1715_DJW_0088
Vol
Volume 15 Issue 05
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_2115 TONS OF FARMS TO CHOOSE FROM IN THE NIAGARA REGION WITH BILKO. GREENHOUSES • VACANT LAND • VINEYARDS • TENDER FRUIT • HOBBY FARMS • COUNTRY ESTATES Nature lover's dream! 41.93 acres, close to the town of Ridgeway. Approx 19 acres cash crop, balance Carolinian forest. Road frontage on Nigh & Mathews Rds. Loads of wildlife. Zavitz drain @ one corner of property. Two minute walk to the paved friendship trail, to Sherkston & a 5 minute drive to Lake Erie marina & boat launch. NPCA &township building approvals. $249,800
Super exposure on Niagara`s wine route! Over 337` 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, approx $20,000/yr storage income. $999,800
3+ Acres development site. Land zoned for townhouse & semidetached homes, 64 units in total, 52 townhomes & 12 semi detached units. Close to St. Catharines new hospital facility. Walking distance to many amenities. All city services. Asking $1,198,800
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
Country property within minutes from town. 20+ acres cash crop land, corner of Balfour & Kilman Rd in Pelham. Great location to build that dream home. Super hobby farm location waiting for outbuildings & barns to be built. Start a nursery, greenhouse etc, etc. Land is slowly becoming scarce in the Niagara region. Invest now & cash out later. $299,800
SPECIALIZING IN FARMS, AGRICULTURE, GREENHOUSES, ETC.. IN THE NIAGARA REGION!
ADAM DEARBORN Sales Representative
(905)
401-1331
www.RockAdvisors.ca | adearborn@rockadvisors.ca Twitter - @AptExpertHamNia APARTMENT BUILDING EXPERT - NIAGARA TO HAMILTON EXCLUSIVE LISTING 34 UNITS
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. OFF MARKET OPPORTUNITY
Student Housing St. Catharines 40 Student beds, fully rented until April 2016.
ROCK ADVISORS INC. We are a boutique commercial real estate company with an exclusive focus on apartment buildings. We have a database with over 23,000 apartment buildings in Ontario (6 units or more). With this exclusive focus and expertise, we are the market professionals to help you with all of your apartment building needs.
DOWNTOWN ST CATHARINES
MAXIMIZE .... your apartment cash flow and asset value NOW! Make more profitable decisions about new rental apartment development. 6 STORY OFFICE BUILDING 9 UNITS $849,900
SOLD
Concrete building, fire retrofit completed, 6 two bedrooms, 2 one bedrooms, 1 bachelor, numerous upgrades since 2012.
East St. St. Catharines
WANTED We have a buyer specifically looking for a building in Niagara 12 - 30 units that needs extensive repairs/updates. Call now!
Please visit www.RockAdvisors.ca for complete marketing and financial packages on each property Please say you saw it in The Commercial Investor
With basement, on a 0.65 acre parcel of land. Gross floor area (GFA) of approx. 76,370 sq ft, zoned medium high density mixed use and permitted uses include apartment, hotel, long term care facility and commercial uses.
Niagara Peninsula
e 05
inthenews
› Collectively, Canada’s Western markets saw a modest increase in vacancy (+10 bps to 4.1 per cent) during the past year, compared with a decrease (-20 bps to 4.6 per cent) by Eastern markets – narrowing the East-West spread to 50 bps from 80 bps one year prior. › Development activity has doubled, with nearly 17.5 msf under construction (33 per cent preleased) – equating to only 1 per cent of the existing inventory. Toronto, Calgary and Edmonton account for 75 per cent of the total industrial space under construction. › The average national asking net rental rate increased to $7.90 per square foot (psf), with the West ($9.21 psf) outpacing the East ($6.33 psf). U.S. The 9.2-billion-square-foot (bsf) U.S. industrial market covered in the Avison Young report demonstrated strength in all major markets year-over-year. In spite of an uptick in development, rents are rising and demand for class A product has been notable. As a result, several markets report a return to landlord-favourable conditions. With the exception of four markets, all others saw their vacancy rates improve year-over-year – some significantly. The overall U.S. market’s vacancy rate improved by 90 bps to 6.9 per cent. “Industrial market fundamentals showed meaningful improvement across the U.S. in the last year. Lower energy prices are supporting consumer spending and non-energy warehouse and distribution growth, with key cities reporting build-to-suit and speculative development,” states Earl Webb, Avison Young’s President, U.S. Operations. “At the same time, the lower energy costs and continued low interest rates are fuelling increased auto sales, so manufacturing and parts production should also accelerate this year.” The overall average asking rent in the U.S. increased by a relatively modest $0.40 psf year-over-year, but this belies the fact that every market, with the exception of Miami, posted increased rents, and most have strengthening deal terms. NOTABLE FIRST-QUARTER 2015 U.S. INDUSTRIAL MARKET HIGHLIGHTS: Nearly every Avison Young market in the U.S. reported some level of industrial development as of the first quarter of 2015. Construction volume is up nearly 16 per cent compared with the same period in 2014. Altogether, almost 100 msf is under construction, with 78 per cent of the total concentrated in seven markets.
West Coast industrial powerhouse Los Angeles reported a sub-4 per cent vacancy rate, its lowest level in more than a decade, and has 18 msf under construction – more than the entire Canadian market. Atlanta has 17 msf under construction, half of which is being built speculatively. The 1-bsf Chicago market is shifting to landlord-friendly conditions, with vacancy falling by 110 bps year-over-year, and has nearly 9 msf under construction. In the landconstrained urban core, redevelopment and infill projects are in play. Driven by owner/occupier demand, vacancy levels in Las Vegas fell to 8.5 per cent from 11.1 per cent one year prior. Detroit, where the industrial market is driven by the auto industry, continued its marked improvement as vacancy dropped to the single digits, falling by 170 bps year-overyear to 8.4 per cent. The highest reported rents were again on the West Coast: San Francisco ($14.54 psf), San Diego County ($11.64 psf) and San Mateo ($10.44 psf). This finding is not surprising, since these three markets have strong demand drivers along with barriers to entry and vacancy rates in the low single digits. Webb concludes: “Sales of industrial properties and portfolios are on the rise and, as we move further into 2015, the U.S. industrial market is experiencing a continuation of 2014 trends such as reshoring and modernization. That said, the full impact of the uncertain energy market is yet to be seen in select U.S. industrial markets such as Houston.” Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,700 real estate professionals in 66 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties. www.avisonyoung.com
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doreen.wills@ypnexthome.ca thecommercialinvestor@ypnexthome.ca
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62
Commercial Real Estate & Business Opportunities
Volume 15 Issue 05
Business Investor
9649286_2115
Please say you saw it in The Commercial Investor
Vol
Volume 15 Issue 05
63
Commercial Real Estate & Business Opportunities
Mortgages
article series from Pro Funds Mortgages
#12051
Utilize Private Funds In Your Real Estate Today! Since private money can fund quickly, why not use this funding source to negotiate a better deal for a quick closing, and offset the additional interest rates? I personally am self-employed and I am an avid real estate investor who uses this technique all the time. I pay the going rates and still have a great success from real estate!
Example of how using private money worked for one of our clients: Purchased a power of sale vacant property: $550,000 Used private funding to close Used private funding for a renovation loan Renovated and leased the vacant space Appraised the property after the work was completed: New value $1,100,000 Refinanced with the bank Removed private money: now they have a beautiful property that is cash flowing and their initial investment has been returned!
Please note, first mortgage rates for a private loan average from 7-10% annually, second mortgage rates average from 10-15% annually. We can obtain up to 90% of the value of the property on approved credit. On average this is on higher side, however has been funded. Lender fee and broker fee will also apply. Private money will fund land, gas stations, vacant properties, distressed properties, construction, and development amongst many others. If you are looking to buy a property and are hitting a wall with your funding, contact info@profunds.ca or reach us toll free at 1-888-330-3866 and we can perform an assessment on your deal today!
Carmen Campagnaro President Pro Funds Mortgages Inc.
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Business Investor
e 05
11289457_2115
Pro Funds Mortgages • 1.888.330.3866 • info@profunds.ca • 3390 South Service Rd. Suite #201, Burlington ON L7N 3J5
Please say you saw it in The Commercial Investor
64
Volume 15 Issue 05
Commercial Real Estate & Business Opportunities
R DE UN FFER O
DISTRIBUTOR OF MEDICAL PRODUCTS
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.
R DE UN FFER O
POOL & SPA EQUIPMENT SUPPLIER
CNC MILLING AND TOOL FABRICATION
Operating in the GTA over 45 years the company wholesales proprietary branded chemicals blended in house and patented chemicals manufactured by exclusive suppliers.
The company is engage 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 earning in the $2 million range.
High profile customer base and four employees generate sales $1.1 million with earnings in the $200K range.
NDT PROVIDER
PLUMBING SERVICES COMPANY
OFFICE MAINTENANCE 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 GTA. Revenues are in the $7.5M range with earnings averaging in the $500K range.
Company operating in the GTA and specialiazing 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 $1.7M range and earnings in the $450K range.
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.
ENGINEERING CONSULTING
ATLANTIC PROVINCES OPPORTUNITY
MANUFACTURER OF AUTO BODY TOOLS & EQUIPMENT
The Company provides engineering consulting to building service, 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 $13.5M range.
Business founded 30 years ago and sells used vehicles, provides mechanical repair services and detailing and paint protection applications (10%). The Company also applies paint fading resistant treatments and rust proofing. Revenues in the $1.8 million range.
Located in the GTA the Company manufactures tools and equipment for the auto body repair industry. Serving the aftermarket with 85 active customers in the US and 35 in Central and Western Canada, Company has revenues in the $3 million range.
R DE UN FFER O
SO
MANUFACTURER OF AUTOMATION EQUIPMENT FOR FOOD INDUSTRY
Business Investor
Located in Southwestern Ontario the company provides advanced and robotic automation systems for poultry, beef, pork, cheese, sliced meats, ready-made foods, and industrial washing systems for all segments of the food industry. Revenues in the $6 million range and earnings in the $900K range.
LD
ATLANTIC PROVINCES MANUFACTURER OF KITCHEN CABINETS
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 $2.5M range and earnings in the $550K range
R DE UN FFER O
EQUIPMENT & DIES MFG.
Operating since 1993 and located one hour outside the GTA - the Company specializes in the design and manufacturing of stamping dies and special purpose equipment. Revenues are in the $7 million range and earnings in the $2 million range.
“Selling Your Business is our Business� 416-782-5222 or 1-866-490-9991 Please say you saw it in The Commercial Investor
8157086_2115
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Mazhar Roshan Sales Representative
Direct
905.318.3800 24 Hr. Pager 647.609.9463 GTA Direct mazharroshan@sympatico.ca
I have qualified buyers for up to $5m in commercial and investment buyers. Call for details.
BURLINGTON - $49,900
BAR AND EATERY - $129,900
Location Location Location: Long established over 50 years barber/hair salon with 3 chairs. Owner retiring after 50 years. Good for young energetic individual. Long lease and low rent available. 2115_DJW_0014
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. 2115_DJW_2_0032
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. 2115_DJW_2_0026
WILSON STREET, ANCASTER - $99,900
FOR SALE - HAMILTON
LAND FOR SALE
CO UND NT ER RA CT
BURLINGTON $20,000
BROKERAGE
8148414_2115
905.929.9800
HomeLife Results Realty Inc.
LO ONL TS Y LE 3 FT
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. 2115_DJW_2_0033
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 2115_DJW_1_0015
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. 2115_DJW_1_0064
DESIRABLE ANCASTER LOCATION
Heart of the Ancaster Meadowlands, long established Quizno's sub doing over 400K in yearly sales. Good for family operation.
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.
R $1 EDU 79 CE ,9 D 00
ANCASTER - $219,900
2115_DJW_1_0031
2115_DJW_1_0026
2115_DJW_1_0027
PLAZA FOR SALE - $1,485,000
LARGE COMMERCIAL BUILDING -
PRIME LOCATION - $1,099,000
Rare find Commercial Plaza with anchor tenant. Net income is 104K, offered at 7% cap rate.
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. 2115_DJW_1_0023
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.
FOR LEASE BRANTFORD
MOTEL FOR SALE - $579,000
UPPER JAMES HAMILTON - $949, 000
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. 2115_DJW_1_6668
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 & Price Chopper. 2115_DJW_1_0068
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, 2115_DJW_2_0020 24 hours notice for showing, RSA, call for more details.
2115_DJW_1_0085
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legallyspeaking
Are ASSETS or SHARES your best bet? By Jayson Schwarz and Konstantine Chaztidimos
W
hen you are about to either buy or sell a business, you need to think about whether you are going to buy the shares of the company in which you have the interest, or buy its assets pursuant to the Bulk Sales Act.
The assets usually include the physical plant and equipment of the company, as well as its name, goodwill, receivables, etc. This decision on which way to go will impact the tax positions of both sides and dictate the legal form which the transaction will take. A share sale is usually preferable from the vendor’s perspective, while asset purchases are normally more attractive to buyers. These opposing preferences are created by two primary issues; legal liability and tax consequences. Legal liability is the main issue to be canvassed by prospective purchasers. Purchasers must be aware that when acquiring the shares of a corporation, they are buying an entire company along with its full slate of assets and liabilities. This “warts and all” approach means that the corporation’s complete past history is also included in the bargain. If, for example, there is anything in the corporation’s past that could trigger a lawsuit – be it tax, product, environmental or employee liability – the purchaser may have bought this headache along with the business. These risks can be minimized, however, by engaging a lawyer to perform what is known as “due diligence.” Due diligence involves procedures such as checking for registered claims or potential liabilities and confirming compliance with the relevant taxing authorities. An agreement which addresses any possible future issues and which specifies how they will be handled would then be prepared by the lawyer. Be advised, however, that a contract
is only as good as its contracting parties. If one of the parties defaults on its responsibilities the only practical recourse available to the other is to sue; a generally costly and unwelcome undertaking. The second issue to consider in deciding what form the commercial transaction will take is the tax consequence to each of the parties. When individuals sell shares of a Canadian controlled private corporation, any gain on the sale is deemed a capital gain for income tax purposes and, hence, is only fifty (50) per cent taxable. Moreover, all individual taxpayers are allowed a tax-exempt lifetime maximum of $750,000 on this form of taxable gain. Thus, it is clear to see how vendors would prefer the share sale approach, particularly if they qualify for any or all of this $750,000 lifetime exemption. Conversely, if the transaction is structured as an asset sale, there will be two levels of taxation that attach to the vendor: (i) firstly, when the corporation sells its assets; and, (ii) secondly, when the corporation distributes the proceeds to its shareholders. Prior to the shareholder distribution, there is also typically some amount of ordinary income taxable in the hands of the corporation. Specifically, where equipment has been depreciated on the books of the vendor to an amount less than that is allocated to it on the sale, there will be a recapture of capital cost allowance on that depreciable property. There may also be profit realized on the sale of the inventory. As such, asset sales tend to result in more taxes and less net proceeds going to the vendor. Buying shares means that the purchaser will be stuck with the depreciated cost in the company’s books of the depreciated asset irrespective of the value paid for the shares. If, however, the transaction proceeds by way of asset purchase, such deductions would be based on the purchase price allocated to the asset. Generally purchasers prefer asset purchases and vendors prefer selling shares. The balance is reached through negotiation and careful drafting. So be careful and find the right lawyer to help you navigate through these dangerous waters. It should be noted that this article only touches on but a few of the issues inherent in the asset versus share sale discussion. For a thorough understanding on the intricacies of either form of transaction, we recommend you seek the professional advice of a lawyer and accountant to ensure that the transaction you seek is structured to maximize your interests. 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 1-888-6098888 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.
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MITCHELL'S BAY LAKE ST. CLAIR
MARINA AND CAMPGROUND ... • • • • • • • • • •
40 BOAT SLIPS WITH LAUNCH BOAT RENTALS 9 COTTAGES 17 SEASONAL TRAILER SITES 40 PULL THROUGH SITES 2 STOREY HOME UNMATCHED FISHING DUCK HUNTING ICE FISHING $699,900 2115_DJW_0027 11294981_2115
******ADDITIONAL CAMPGROUNDS FOR SALE****** •169 SITES + HOME ON 11 ACRES, LAKE HURON • 157 SITES + HOME ON 22 ACRES, LAKE HURON
NOW SOLD
•110 SITES + 2 HOMES ON 8.5 ACRES, WOODSTOCK
Orio Fishleigh
Dave Bratt
Sales Representative
Sales Representative
orio.fishleigh@century21.ca
dave.bratt@century21.ca
519.709.6746
519.532.5375
Tillsonburg: 86 Broadways St. | 519.688.0021 Woodstock: 871 Dundas St. | 519.539.5646
Ontario’s First Magazine Dedicated to Industrial, Commercial and Investment Real Estate
FOR ADVERTISING CALL
DOREEN WILLS 905.570.9283 • 1.800.268.0077 Doreen.Wills@ypnexthome.ca 13G COM
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Turn-key Garden Centre
MLS # 144495
11296535_2115
Established in 1988, Meadowville Garden Centre is the leading full-service garden centre in the rapidly growing Guelph market. The original owners are ready to retire after 26 years. Business is being sold on an asset-sale basis, including 9 acres of property, buildings (including owner/manager bungalow with attached garage and backyard retreat), equipment, inventory, tradename and goodwill.
Steve Dawkins Sales Representative
1715_DJW_0036
Toll-Free: 1.855.95.REMAX
$3,400,000
Details & Video: prosper.ca
256 JOSEPHINE ST, WINGHAM, ON Looking for a great investment opportunity
??
519-418-4663 OFFICE
Brady Werth KEMPSTON & WERTH REALTY LTD.
519-291-7769
2115-DJW-0001
SALES REPRESENTATIVE
CELL
NEW PRICE $525,000
This property includes 12 residential apartment units complete with newer appliances (2014). 4 commercial ground level units w/forced air gas furnaces & air conditioning. The building is complete w/security camera system, fully updated building fire monitoring system, new coin laundry on site. Ample parking at the rear of the property. 11% cap rate & fully occupied. Rubber membrane flat roof replaced 2013. Option for vendor to take back mortgage.
Brokers Information Listing Service
1.877.272.1721 11285231_2115
30,000+, Haves & Wants, 75% Exclusive
www.iciworld.com
A Landlord’s Rights & Obligations Visit Blog for Ontario Dates
BE SEEN LIMELIGHT IN THE
Highlight your hot, new and unique listing. Feature 2 properties and your agent photo in a full colour quarter page ad.
Reserve your space today! 1-800-268-0077 14G COM
THE COMMERCIAL INVESTOR SPOTLIGHT
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SPOTLIGHT SECTION Seeking greater FINANCIAL INDEPENDENCE? A Maid Right home cleaning franchise may be just the answer! No Selling. Guaranteed Clients (in Halton). Low Initial Investment. Financing Available. Maid Right of Oakville
Training & Equipment Supplied.
Set Your Own Schedule and Hours.
© 2015 Maid Right Franchising LLC. Maid Right and JAN-PRO International are subsidiaries of Premium Franchise Brands
HISTORIC PUB
Sales Representative
905.639.7676
tandarich@gmail.com
“Call Terry and get Real Results”
BELLEVILLE
11236626_2115
BROKERAGE
Phone: 613.966.9400
SALES REPRESENTATIVE
Cell: (613) 391-1558 sgeorgiou@exitrealtygroup.ca www.exitrealtygroup.ca
2115_DJW_0016
1715_DJW_0053
TRENTON
In Burlington, catering to non-invasive needs in Permanent Hair Removal & Skin Rejuvenation. Great hours for an owner/operator. Long standing business with 7 years in the same location. Business only asking $150K.
FOR SALE $885,000
FOR SALE $549,000
Time to upgrade your office! 10,500 sq/ft professional building. Unique building design, concrete construction. Two stories plus basement. Two parking lots, two entrances and staircases.
Fully leased commercial building on one of the busiest intersections in Belleville. Great exposure, ample parking, additional income from billboard sign. HVAC installed 2014. Upstairs private office and bathroom, as well as storage.
MLS®#: QR21407644
18 LOT SUBDIVISION Belleville/Prince Edward County
1715_DJW_0054
8306470_2115
Terry Tandarich
Steven Georgiou
MEDICAL SPA
In the town centre of a bustling community in South-western Ontario. Est 140 yrs ago, this thriving enterprise generates over $1,000,000 in annual rev (Over $250k NOI), plus additional income from res units. Business and Property asking $1.45M. 2115_DJW_0015
Escarpment Realty Inc., Brokerage Independently owned and operated.
E-mail:
11297277_2115
289.813.0375 Oakville.MaidRight.com
Grow At Your Own Pace.
MLS®#: QR21502199
Draft plan approved subdivision just next to Bay Breeze. 18 Premium Estate Lots in the county, city water at Bay Breeze. 8 lots are suitable for walk-out basements, property is treed, also three of the lots will back on to a storm water pond.
$999,000 MLS®#: QR21502218
PLAZA FOR SALE DOWNTOWN BELLEVILLE
$375,000 MLS®#: QR21500785
www.stevengeorgiou.com
BE SEEN LIMELIGHT IN THE
Highlight your hot, new and unique listing. Feature 2 properties and your agent photo in a full colour quarter page ad.
Reserve your space today! 1-800-268-0077 COMMERCIAL PROPERTIES • BUSINESS OPPORTUNITIES • FRANCHISE OPENINGS & MORE! COMM_GLOSS_2115.indd 15
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COMMERCIAL, REAL ESTATE & BUSINESS OPPORTUNITIES 10228647_2115
Bill Bradley
Sales Representative
Independently Owned & Operated
Unit 2, 1240 Speers Rd., Oakville ON 416.258.6866
416.258.6866 exitwithbill@gmail.com
PARADISE IN GRENADA $2,400,000
2115_DJW_1_0067
GORGEOUS RETIREMENT HOME $3,400,000 2115_DJW_1_0051
602 MAIN ST. W, DUNNVILLE
$425,000
2115_DJW_1_0087
606 MAIN ST. W., DUNNVILLE
Buy Both
625,000
$
$225,000 2115_DJW_1_0088
Senior Residence
Strip plazas
20+ rooms, North of Toronto. Only $1,000,000.
$1,000,000 to $15,000,000.
Buyers Only
Buyers Only
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0
0
5, 00
0, 00
$2 0
$1 ,1 0
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MLS#587040103
$4
99
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00
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• Central Ontario • 169 hwy 30 acres fenced. • 22 x 38’ shop and living area
80 VICTORIA AVE • ORILLIA
4201 HURONIA RD • SEVERN
• Mixed use income property • Currently 7 units • Located in the downtown • All units sep • 5- 1 bedroom units and 2 comm units. metered. • Fully paved yard with parking. MLS#586440073 • All units separately metered.
• Highway 11 exposure on edge of Orillia • C4 zoning • 3 Bay garage • Main office building approx. 2740 sf • Finished with an accessory dwelling unit -3 bedrooms, 3 baths • Level lot, paved & gravel driveway MLS#585770061 with gates.
11297508_2115
,0 49 $2 ,9 $7 59
MLS#586680022
AUTOMOTIVE LICENSED WRECKING YARD
191 ATHERLEY RD • ORILLIA • High traffic corner location w/busy • On site parking main entrance in Orillia from East • Retail pays heat • 2 retail units & 2 bedroom/1.5 bath apt. & hydro • Retail units1112 sqft & 2200 sqft MLS#586740003 • Well established location
• Downtown • Live & work
,9
MLS#112502
51 COLBORNE STREET • ORILLIA • Main floor retail and 2 Br Apt. • On site and municipal parking • Near the arts district
49
• Professional • 1 Caretakers apt.
00
• Multi use tenant base • Business offices and institutional • Most tenants on long term leases • Separate gas and hydro meters
$6
BURNSIDE • 12 UNIT PLAZA • ORILLIA
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NO
Commercial Team In Canada! *
**
+ **
COMMERCIAL www.PBcommercialteam.com ** Sales Person + Broker
PRIME MARKHAM CORNER 2115_DJW_0060 KINGSTON RD RETAIL/ sdfsdfpric 2115_DJW_2_0071
YOUNG/SHEPPARD2115_DJW_2_0075 OFFICE SPACE
Premium office space at Tridel's new Hullmark Centre at Yonge & Sheppard! Stunning new building ideally located w/tons of amenities. Approx. 916 gross sq. ft. with floor to ceiling windows overlooking Yonge St. and underground access to two subway lines! $508,000.
2115_TORONTO WEST
2115_DJW_1_0082
DANFORTH/VIC PARK SUBWAY RETAIL/OFFICE BUILDING
APARTMENT BUILDING
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.
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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.
COMM/RES
OFFICE SPACE
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.
Prime Kingston Road retail / office space available for lease. 1,750 sq. ft. which used to be a Pharmacy. Excellent Kingston Road exposure. $12.95/Sq. Ft. Net. Call George 416-554-7653.
2115_DJW_1_0075 PRIME AUTO LOCATION
TURN-KEY DANFORTH 2115_DJW_0090
Turn-key 4,354 sq. ft. auto operation in modern high traffic Miss. Plaza! Previous Goodyear at busy Dundas/Mavis intersection. Beautiful exterior w/amazing st. exposure! Lg reception/sales area, HUGE garage w/19+ ft. ceilings, 3 front & rear bay doors, lg mezzanine++. $23.50/sq. ft. Net.
Turn-key office/retail space! High traffic corner location w/excellent foot traffic & Danforth exposure! Approx 60k in leasehold improvements at no cost to tenant! Beautifully finished, ample parking, & excellent terms! $12.50./ Sq ft. Net. Call George 416-554-7653.
LEASE SPACE
• Single Family & Condo Developments • Projected Returns Exceed 21% per Year • Partner with Top-Tier GTA Developers • RRSP, TFSA, LIRA++ Eligible • Get Developer Returns! • Call George Politis 416-554-7653
• New Townhome Development Coming to Markham Rd / 407 • Pre-Register for Friends & Family Rates • Top-Tier GTA developer • Limited Supply • First Come First Serve Basis • Call George Politis 416-554-7653
11286152_2115
ATTENTION INVESTORS! 20%+ ANNUAL RETURNS! MARKHAM TOWNHOME DEVELOPMENT PRE-REGISTRATION
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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