Commercial Investor - May 23, 2020

Featuring: Commercial•Industrial•Franchise+Business Opportunities

FREE

May 23–June 20, 2020 Volume 20 | Issue 6

Full Coverage Area Including: London • Kitchener • Niagara Falls • Hamilton • Toronto • Ottawa 5100 South Service roaD, unit 7 Burlington near appleBy line / QeW

Towneplace Suites By Marriott 30 FEN RIDGE COURT, BRANTFORD, ON N3V 1G2

REGISTER TODAY

contact:

LARGE AND SMALL APARTMENT BUILDINGS WANTED

D E T N WA

W AN TE D

SOLD BY WINCORP REALTY INC. • Large and Small Apartment Buildings anywhere in Ontario • Have many CASH Buyers ready to invest NOW • Specializing in multi-residential sales for over 40 years • References supplied • Confidentiality guaranteed CONTACT: WINSTON DAVIES, BROKER OF RECORD WINCORP REALTY INC. REAL ESTATE BROKERAGE GUELPH, ON TEL: 519-836-2080 EMAIL: wjmdavies@rogers.com

William DeJong (289) 291-5068 Jacob Bates (289) 259-6249

SOLDS 0-$50M+

INDUSTRIAL COMMERCIAL INVESTMENT RESIDENTIAL BUSINESSES

416-214-4875

www.collardproperties.ca/seminars

D TE AN W

Very clean office/industrial unit.

22 feet clear, 1 drive-in door. Available immediately

JACOB CAMPAGNARO Sales Representative

905.599.3460 jacob@reccanada.com

THE REAL ESTATE CENTRE

FOR SALE

FOR SALE

FOR SALE

51 FRONT STREET WEST STRATHROY, ON

118-120 PEMBROKE STREET TORONTO, ON

220-222 ST. CLAIR STREET CHATHAM, ON

• Approx. 3,700 SqFT of space over 3 levels 1,780 sq ft of main floor commercial space 1,600 sq ft outdoor stone patio • Size Area: 26 ft x 158 ft • Zoning: C1 • 2nd & 3rd floor residential – 3 bedroom apartment • Building upgrades: newer windows, gas water heater system, electrical, roof, air conditioning, patio, and more

• 2-1/2 storey detached 8 unit multiplex with 5,466 SqFT • Unit mix 6 One Bed / 1 Three Bed / 1 Two Bed • Estimated net income $159,300 • The site is 40’ x 112’ total 3,950 SqFT • Zoning R (d1.0) (x865) • All of the units are separately metered • 6 of 8 units have been updated within the last four years • 2 surface parking spaces to the rear of the building • Windows have been updated with vinyl frames

• 20 unit multi-residential building • Estimated net operating Income - $142,083 • Features an additional two commercial retail units • Minutes to downtown Chatham, and surrounded by a host of amenities • 20.2% higher than the average municipal growth • Approximately 80 dedicated parking spaces • Recent upgrades including new windows, doors, roof and high efficiency thermostats • Can be sold as a portfolio with 54 Timmins Crescent

$3,999,900

$2,550,000

$450,000

FOR SALE

FOR SALE

FOR SALE

ESTABLISHED TURN-KEY SALON IN THE HEART OF YORKVILLE

2640 RUTHERFORD ROAD CONCORD, ON

179-193 PAT TERSON ROAD BARRIE, ON

• Operating for over 20 years and counting • New lighting, flooring, plumbing, paint, signage • Fully active redesigned Website, Instagram, Twitter & Facebook • Rent is currently $7,175.00 monthly Plus TMI. • Includes over $20,000 in stock/inventory etc.

• Recently negotiated new lease until 2025, with an option to extend for an additional five years

• 15,985 +/- SqFT two storey medical office building • 4-year-old asset with no significant capital improvement expected in the immediate future • 100% occupied by eight strong medical tenants • Situated at the intersection of Melville Ave. and Rutherford Rd., between Jane St. and Keele St. • Average remaining lease term is 5.5 years • Tenants receiving a base rate increase in October 2020 • Located within 3km of the New Mackenzie Vaughan Hospital • Zoning - Commercial C5

• 8 Luxury Semi-Detached Duplexes • Can be sold separately or as a portfolio • VTB available • Less than a minute drive to highway 400 • Easy access to essential shopping, schools and parks • Each unit shares a 4 car driveway • Construction completed fourth quarter 2019 • Units are leased by AAA tenants • Estimated year one ROI - 26.7%

$259,000

$13,000,000

Contact For Pricing

Visit recanada.com for more information 201–8 Sampson Mews, Toronto, ON, M3C 0H5 416.979.0333 Not intended to solicit those already under contract with another REALTOR®

2

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

May 23–June 20, 2020

LONDON •

Investors took advantage of improving market fundamentals and attractive financing in Q4 2019. This capped one of the strongest investment years to date for the region and cap rates remained relatively stable year-over-year.

•

Some larger institutions exited the London market in 2019, disposing primarily of non-core retail and office assets. These assets were acquired by a mix of local and GTA private investors.

•

As the retail market continues to redefine itself, investors are paying close attentnion to tenant mix.

•

A scarcity of quality investment product, particularly multifamily assets, has investors considering alternative product types or new construction.

Q4 2019 Canadian Cap Rates & Investment Insights | CBRE Research

WATERLOO Q4 2019 Canadian Cap Rates & Investment Insights | CBRE Research

•

The Waterloo Region market performed exceptionally well through 2019 across all asset classes. Demand remains elevated from a variety of investor groups.

•

Cap rates across all office, retail and multifamily subcategories declined in Q4 2019.

Industrial and multifamily were the strongest asset classes and continue to lead the way in terms of investment yields.

•

New entrants and capital sources have made the investment climate extremely competitive and this dynamic looks poised to drive further cap rate compression in the year ahead.

•

With recent drops in both bond and lending rates, further downward pressure on cap rates will continue to drive values even higher.

±231 ACRE SUBDIVISION DEVELOPMENT LAND | BINBROOK, ON

FULLY LEASED OFFICE BUILDING | GUELPH, ON

Exceptional location in thriving satellite community

The building is 31,834 Sq. Ft. and sits on 1.33 acres

Potential of 17,365 ft of saleable frontage

Currently 100% leased to two long term tenants

Approximately 82 acres located within urban boundary

Located just east of the Hanlon Expressway

Joe Benninger* +1 519 340 2323 joe.benninger@cbre.com

LONDON 380 Wellington Street, Suite 30 +1 519 673 6444

Martin Cote* +1 519 340 2317 martin.cote@cbre.com

WATERLOO REGION 72 Victoria Street S., Suite 200 +1 519 744 4900

Chris Kotseff* +1 519 340 2321 chris.kotseff@cbre.com

Mitchell Blaine* +1 519 340 2309 mitchell.blaine@cbre.com

WINDSOR 3200 Deziel Drive, Suite 110 +1 519 252 4095

This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“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. *Sales Representative **Broker

May 23–June 20, 2020

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

3

COMMERCIAL OPPORTUNITIES SOUTHWESTERN ONTARIO

DEVELOPMENT

INDUSTRIAL

INDUSTRIAL

INDUSTRIAL

1076 Gainsborough Rd, London, ON

1800 17th Street East, Owen Sound, ON

69323 Richmond St, Centralia, ON

14719 Bayham Dr, Tillsonburg, ON

• Site plan approved for a 32 residential unit 40,317 SF mid-rise apartment building with 3,121 SF main floor commercial space • Site Area: 0.98 Acres • Zoning: BDC(33) • Taxes: $4030.73 (2019) • Frontage: 125.71 ft along Gainsborough Road • Footsteps from area schools and all major amenities • Located in desirable Northwest London within a growing and affluent neighbourhood

• Building Area: 300,000 SF (Est.) • Site Area: 31.7 Acres (Est.) • Zoning: M2 Heavy Industrial permits a wide range of industrial uses • Taxes: $280,075.41 • Loading Docks: 8 • Grade Doors: 3 • Power Supply: » 44 kv incoming service 3 XFMRs » 1 @ 2.5 MVA each » 480V, 1 @ 6 MVA » 4,160V • Clear Height: Approx. 23’-37’ • Parking: 500 on-site (Est.)

• Building Area: Approx. 330,000 SF • Site Area: 45.034 Acres • Zoning: Light Industrial(M1) • Taxes: $70,968 (2019) • Truck Level Doors: 14 • Grade Doors: 6 • Power Supply: » 600 Volts » 3,000 Amps • Clear Height: 22’2” - 15’10” • Impeccably maintained industrial facility with: » 17,500 SF office space » Three 10,000 SF pole barns » External maintenance shop

Asking: $2,200,000

Asking: $7,200,000

Brent Rudell*** 519.438.5608

brent.rudell@cushwakeswo.com

Asking: $16,000,000

Andrew Johnson* 519.438.8639

andrew.johnson@cushwakeswo.com

Asking: $2,200,000

• Building Area: 20,000 SF (Est.) • Site Area: 4.7 Acres • Approx. 2,500 SF (Office) + 17,500 SF (Industrial) • Taxes: $36,900 (2019) • Zoning: M2 • This facility features premium finishes which include: » LED lighting » 22’ clear height » In-floor heating throughout » 8 truck level doors » 3-grade level doors » Approx. 2,500 SF poured concrete mezzanine • Building is also available for Lease

Jameson Lake* 519.438.8548

jameson.lake@cushwakeswo.com

COMMERCIAL /RESIDENTIAL

OFFICE/INDUSTRIAL

INVESTMENT OPPORTUNITY

RETAIL/COMMERCIAL

375-379 Horton St E, London, ON

230 York Street, Strathroy-Caradoc, ON

457 Campbell St, Sarnia, ON

1426 London Rd, Sarnia, ON

• Building Area: Approx. 4,000 SF • Site Area: Approx. 0.254 Acres • Three Tenants total: 2 Commercial, 1 Residential • Excellent Owner/User or Investment Opportunity • Zoning: R8-4 and AC4 • Parking: Approx. 14 on-site • Net Operating Income: Approx. $42,463 (2019) • Taxes: $10,109.42 (2019) • Current Gross Income: Approx. $57,741.72/yr.

• Located on Horton Street, just East of Wellington Street

• Prime free standing building • Building Area: Approx. 3,800 SF » 1,000 SF of front Office area » 2,800 SF Industrial/ Warehouse area • Site Area: Approx. 0.58 Acres • Zoning: M2-3 • Loading: Two newer drive in grade loading doors • Ceiling Height: Approx. 16’ in the warehouse/industrial area • Power: 600 Volts • Parking: Approx. 25 on-site spaces • Taxes: 5,374.10 (2019) • Storage area at the rear

• Offered at 6.5% Cap Rate • Current rent is below market -good upside potential • Building Area: Approx. 18,000 SF • Site Area: 1.259 Acres • Zoning: LI • Free-span Building • Clear Height: Approx. 12’ • Fully leased to long-term tenant • Approx. 4 years left on the current lease term • 2 year old standing-seam metal roof • Newer heating and newer insulated overhead doors

• Building Area: Approx. 12,783 SF • Site Area: 1.511 Acres • Zoning: CC1 (commercial centre) - permits a wide range of uses • Parking: Approx. 50 on-site • Signage: Signband and pylon • Taxes: $55,480.00 (2019) • Excellent free standing building in Sarnia’s busiest retail district • Property backs onto the Canadian Tire Store at Lambton Mall

Tyler Desjardine* 519.438.5403

Tyler Desjardine* 519.438.5403

Kenn Poore** 519.384.8528

Asking: $969,900

tyler.desjardine@cushwakeswo.com

Asking: $649,000

tyler.desjardine@cushwakeswo.com

Asking: $1,429,000

kenn.poore@cushwakeswo.com

Asking: $1,590,000

David Jongerden* 519.438.9125

david.jongerden@cushwakeswo.com

Kenn Poore** 519.384.8528

kenn.poore@cushwakeswo.com

519.438.5588

www.cushwakeswo.com *Sales Representative **Broker ***Broker of Record

620A Richmond St, 2nd Floor, London, Ontario N6A 5J9 ©2020 Cushman & Wakefield Southwestern Ontario, Real Estate Brokerage, Independently Owned and Operated. A Member of the Cushman & Wakefield Alliance.

This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance. All rights reserved.

4

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

May 23–June 20, 2020

OSHAWA ND NT LA PME AL LO VE NTI DE OTE P

• Asking $15,885,000 • Located North of Highway 401 in East Oshawa • Recent Improvements include: Parking Repaving, Replaced Half of Roofs, Suite Renovations • Majority of Tenants Pay All Their Own Utilities. The Rest will be on Turnover.

• Potential to Add Additional Town Homes on Existing Land

V AV TB 2N AIL AB D LE

• 1 x One Bedrooms 24 x Two Bedrooms 22 x Three Bedrooms •1 Bedroom Unit may be Legal Non-Conforming Status • 4.1% CAP Rate • Treat Financing as Clear. Buyer may achieve approx 65% on CMHC Insured Financing • VTB 2nd Mortgage Available

ST. CATHARINES T !

EA GR TION A C LO

• This Property is being Offered to the Market in a Bid Submission Process • Contact Skyview Realty for Financial Information on this Property • Located in the Heart of Downtown St. Catharines • Many Recent Improvements including Roof, Sidewalks, Balconies and Suites

51 Suites ITY AL QU DING L I BU

5.0 CA % P!

• Turn Key Investment • 2 x Studio 6 x One Bedrooms 17 x Two Bedrooms 1 x Three Bedrooms 1 x Four Bedrooms 8 x Commercial Units Totaling 9,561 sq ft • First Mortgage Assumable • May treat financing as clear • Contact Pat Villani for More Details!

27 Suites + 8 Commercial

May 23–June 20, 2020

• 6 x Bachelor 9 x One Bedrooms 6 x Two Bedrooms • One World Charm with Modernized Suites and Common Areas • Significant Upside on Rents already being Achieved • Tenants Pay Their Own Hydro

• Treat Financing as Clear!

21 Suites

KINGSVILLE

• Asking $4,450,000 • Upgraded Substantially • Very Well Kept Excellent Tenancy • Main Commercial Intersection • Wheelchair Accessible • 27 Residential Units from approx. 406-2160 Sq Ft. • 9 of the Apartmens newly built 2014 - ensuite laundry

F CH ULL AR O AC F TE R!

E YL ST DO ES N CO SUIT

OSHAWA

• Asking $3,250,000 • Asking $191,176 per Suite • 8 of 17 Units have been Recently Renovated to Condo Quality Styles • Building is now Submetered for Both Hydro and Water • On Turnover of Remaining 9 units, only utilities will be common areas/laundry

SU B FO MET R H ER WA YDR ED TE O/ R

• 8 x One Bedrooms 9 x Two Bedrooms • 4.5% CAP Rate • CMHC has indicated Financing of 73% of Purchase Price Possible • Sloped Shingle Roof Replaced in 2018 • Contact Cliff Ford for More Details!

17 Suites

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

5

MARY TAYLOR

Royal LePage Real Estate Services Ltd., Brokerage 251 North Service Road West, Oakville, ON L6M 3E7

606 Goderich Street,

Sutton – Huron Shores Port Elgin, ON N0H 2C0 Realty Inc. Brokerage 519-797-1007 Independently Owned and Operated

1-888-727-1007

marytaylor@royallepage.ca • www.marytaylor.ca

SEllInG land & BuIldInG & ContEntS

RARE OPPORTUNITY

MLS# X4753145/30804773

Rare opportunity to own or re-develop. Com/Res Med. Density Zone C5 By-law 05-200 allows for mixed uses. ESA Phase I & II completed.

Contact Realtor for details. Possible VTB to qualified buyer. Current use medical clinic. 1500 Sq ft. Building, 12+ parking spaces.

Can be divided into 2 separate units.

For more information, please contact Sales Reprentative

608 Goderich Street, Port Elgin $599,000 • Main Floor “4 Seat restaurant & Coffee Bar • Second Floor 50 plus seat Restaurant/ Lounge Bar, w/25 seat patio

• WOODPECKER IDENTITY & OPERATIONS PACKAGE”, is available for purchase.

• MLS#251072

www.suttonhuronshores.com

Mary Taylor 905.334.8206

Not intended to solicit properties currently listed for sale.

Roy A. Boyes ReAl estAte 519-397-0928 ApArtment Buildings VArietY stOre petrO essO plAZA gOlF gOlF gOlF plAZA plAZA retirement HOme stOrAge single tenAnt retirement HOme FOOd FrAnCHise 6

boyesre@gmail.com 25,29 Doors S.W. Ontario 6 CAP DAISY, S.W. ONT, 12K MONTHLY , 110K 4M, LITRES, STORE 1M., REAL DEAL. 1.7M. GAS, STORE, 2 RENTALS, ASKING 1.1M 9, 50 ACRES, LIVING ACCOMMODATION ASKING 899K 18, HOUSE GROSS 900K ASKING 2.9M 18, GROSS 1.3 ASKING 2.9M 3 UNITS + VARIETY BUS. ASKING 1.1M 8 CAP 7 CAP, 14K SQ FT ASKING 3.1M 41 BEDS, GROSS 1M. ASKING 3.4M. 165 DOORS, GATED, ASKING 1.2M DOLLAR STORE, 6CAP, ASKING 2.1M 18, ASKING 695K – 25, ASKING 1.4M 2M, FOR LAND, BUILDING AND BUSINESS SALES 2.5

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

May 23–June 20, 2020

$3,500,000

159-165 ERB ST W, WATERLOO

• 4 individual properties on 0.46 acre lot • Great location close to Uptown Waterloo, park, recreation centre and public transit • One commercial and three residential properties, all fully rented • MR-6 Zoning close to core area • 215 feet of frontage on Erb St W plus 116 feet on Rosslin Avenue • Development potential • Call Ryan 519-498-5775

$849,900

120 WESTMINSTER DR S, CAMBRIDGE

• New mixed use commercial/residential triplex in Downtown Preston • 2 Bed Upper unit w/bright & spacious layout plus walkout to large deck area • 2nd level Bachelor Unit has floor to ceiling windows, in unit laundry • Main floor 920sf commercial unit has wheelchair accessibility & 1 bathroom • C-1 zoning allows for many retail and commercial uses.

• Attached garage, separate meters • MLS. Call Ryan Briggs

925 EVENS POND CRESCENT, KITCHENER

• 0.173 acre Residential Court Building Lot in Doon South • 57ft frontage by 102ft pie shaped lot • R-3 Zoning • Great location backing

• Lake Front Lot in Port • All municipal approvals Rowan. are in place and services are at the lot line.

• Build your dream home on this 56 x 195 foot • This is one of the last residential lot with million remaining lots with lake dollar views of Lake Erie's views. Don't miss out.

Inner Long Point Bay. Excl. Call Ryan

$15.75/SF 771 ERIE STREET, STRATFORD

59 LORNE AVE E, STRATFORD

$15.75/SF

$25-$40/SF

255 NORTHFIELD DR E, WATERLOO

• High visibility corner of Bridge & Northfield • 1,070 – 1,917sf inline units and 5,850sf pad site with drive through potential, to be constructed • MXC zoning permits many uses • Complex will include 325 residential units • Convenient access to expressway, shopping, restaurants & transit • Available July 2020 • MLS • Call Duncan McLean

NEIL KOEBEL

May 23–June 20, 2020

CELL:

• Rare 0.237 acre multi-family residential development land • Currently leased for parking • Underground parking

519-741-6594

Neil@cmarealty.ca

design fits topography • Potential for 7 to 22 units • Convenient location for transit, shopping, park & hospital • MLS • Call Duncan McLean

• 20 year old established catering business • State of the Art industrial kitchen with storefront cafe • Business includes contracts and assets • Financials etc. are available for qualified buyers • MLS • Call Christina Rooney 519-654-2408

• Retail unit available at Bauer Marketplace in Uptown Waterloo • $27/sf rent plus $10.50/sf CAM • Great location close to Mark Nunes, Bauer Kitchener, Vincezo's, etc.

• Zoning allows many retail and office uses.

• Exclusive • Call Duncan McLean

160 FROBISHER DR. #10, WATERLOO

$229,900

D L SO

• 1,000 sq. ft. industrial condo unit • 14ft ceilings • Perfect for storage • One 12ft x 10ft drive-in door

519.498.5775

Ryan@cmarealty.ca

• Available in 30 to 60 days • MLS. • Call Neil Koebel

DUNCAN MCLEAN Sales Representative

Sales Representative CELL:

$27/SF

191 KING ST S, WATERLOO

RYAN BRIGGS

Broker of Record

519.578.0337

$599,900

1257 KING ST E, CAMBRIDGE

• Vacant 2,100 sq. ft. unit ready for your improvements • CAM approximately $8.00/sq. ft.

• Join Tim Horton's, McDonald's, Service Canada, TD Bank & many more • Available immediately • MLS. • Call Duncan McLean

• Fully built out 2,843 sq. ft. unit with reception, multiple offices, kitchen & boardroom • CAM approximately $8.00/sq. ft.

• Join Tim Horton's, McDonald's, Service Canada, TD Bank & many more • Available immediately • MLS. • Call Duncan McLean

KITCHENER, ONTARIO

• Apartment/Condo Land For Sale • Proposed 125 Unit apartment or condo development • Approx. 2 acres of mid-rise residential land • Located on Norfolk Golf & Country Club, Simcoe, Ontario • Subject to zone change and site plan approval (estimated one year away) • Asking $20,000 per unit • Exclusive Listing • Call Neil Koebel

$379,900 #3 - 35 CHERRY BLOSSOM RD, CAMBRIDGE $149,900

$480,000 24B WOLVEN ST, PORT ROWAN

onto SWM pond & Community Trail with easy access to Highway 401 • Build your dream home in this exclusive neighbourhood • MLS • Call Ryan Briggs

$2,500,000

SIMCOE

CELL:

519.590.7997

Duncan@cmarealty.ca

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

7

Land Exchange Ltd. Brokerage Independently Owned and Operated 262 Josephine St., Wingham www.remaxlandexchange.ca Office: 519-357-3332

RENATE SIEBER-SCHLEGEL Broker of Record

Cell:

519.531.1177

635 HIGHWAY 21, RIPLEY

NORTH STREET, CLINTON

$4,400,000

FO FO

R

LE

AS

E

165 KINCARDINE HWY, WALKERTON

UNITS

$6.00 PER SQ FT PER UNIT PRIME LEASE SPACES FOR BRUCE POWER CONTRACTORS Long term lease, minimum of 5 year lease. 6 Units

8

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

LE

R

LE

AS

RARE OPPORTUNITY!!

3.1 acres industrial/ commercial land along Highway 401 in Cambridge.

Great exposure, M1 zoning, Phase ll, Survey, very clean property - ready to be developed, conveniently located between Franklin Boulevard and Highway 33

ONTARIO LTD. 638 JOHN STREET, NEUSTADT SA

$4,004,640

R

E

CAMBRIDGE – HIGHWAY 401

$695,000 55 Lot subdivision ready to be developed consisting of 25 townhouse units and 30 single family home lots.

FO

Modern Food Grade Facility situated on 64 acres South of Kincardine.

This is a “Turnkey” Cheese Factory with excellent exposure. 3-phase 600 volt, 19’ clearing height, well known location, 100+ parking spots, Private lagoon with 2 million gallon capacity. Incredible site.

$1,195,000 “LIKE NEW” 10,600 Sq.Ft. Commercial building with up to 17.5’ clearing height on 3.21 acres just south of Hanover. This site has M2 zoning and is also suitable for Cannabis cultivation and processing operation. This site allows for more buildings/storage units, lots of parking.

HOTEL / MOTELS EXCLUSIVELY FOR SALE IN HURON COUNTY CALL FOR MORE INFORMATION

May 23–June 20, 2020

contents

12 14 18 20 26

INVESTMENT PROPERTY

What you need to know at tax time Rental income tax obligations

NEXT ISSUE:

June 20, 2020

TIPS FOR SMALL BUSINESS OWNERS

Surviving your first year

ADVERTISING DEADLINE:

June 10, 2020

INVESTMENT

Survey: More Millennials look to own recreational property

COPYRIGHT TROLLS: know your obligations

LEGALLY SPEAKING

Understanding your condo docs

REGIONS Kitchener, Waterloo & Guelph ............. 10 Hamilton ...............................................21 Greater Toronto Area.............................22 Business Investors ................................24

TORONTO GUELPH KITCHENER/ WATERLOO OTTAWA

LONDON HAMILTON NIAGARA

MEDIA CONSULTANTS

TORONTO Yhanique Facey GUELPH 1.866.536.2606 KITCHENER/ Daphne Kua WATERLOO 1.866.532.2593 PRESIDENT & PUBLISHER HAMILTON Leo Racioppo leo@mediaclassified.ca

NIAGARA

CHIEF OPERATING OFFICER John Racioppo john@mediaclassified.ca

ACCOUNTING INQUIRIES accountingteam@mediaclassified.ca CIRCULATION INQUIRIES distributionteam@mediaclassified.ca

EDITOR Marlene Eisner DIRECTOR OF PRINT MEDIA Lauren Reid-Sachs GRAPHIC DESIGNER & ASSISTANT MANAGER Alicesa Pullan GRAPHIC DESIGNER & PRE-PRESS COORDINATOR Hannah Yarkony GRAPHIC DESIGNERS Sandra Hanak, Johannah Lorenzo, Mike Terentiev, Kathleen Walker, Alice Wu All submissions from interested parties will be considered.

Please submit to the editor at editorial@mediaclassified.ca

HEAD OFFICE 610 Applewood Crescent, Suite 401, Vaughan ON L4K 0E3 T: 905.761.3313 | Toll Free: 888.761.3313 | F: 905.761.5038 E-mail: info@thecommercialinvestor.ca Website: thecommercialinvestor.ca Copyright Notice All copyright and other intellectual property rights in the contents hereof are the property of Commercial Investor, and not that of the individual client. The customer has purchased the right of reproduction in Commercial Investor and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of Media Classified Corporation. Contents of this publication, in hard copy format as well as online, are covered by copyright law, and offenders will be prosecuted.

Copyright 2020. All rights reserved. Reproduction, storage in a retrieval system or transmission, in any form or by any means, whether electronic, mechanical or otherwise, in whole or in part, without prior written permission of Media Classified Corporation is strictly prohibited.

Kitchener/Waterloo Guelph & Cambridge

519.742.7000 www.coupalmarkou.com

LEASE

MANITOU / FAIRWAY OFFICE SPACES, KITCHENER

• Second Floor Office units in high traffic plaza • Available Now! • Free on-site parking and utilities included • Units from 1,116 – 9,980 sq ft • $12.50 / sq ft net

MLS

LEASE

851 FISCHER HALLMAN ROAD, KITCHENER

• Second floor office space • Located at the corner of Fischer Hallman Rd and University Ave W • High vehicle/foot traffic with on-site parking • 1,632 sq ft • $20.00 / sq ft net MLS

LEASE

MANITOU/FAIRWAY RETAIL SPACES, KITCHENER

• Located at the intersection of Manitou Dr and Courtland Ave E meets Fairway Rd S • Plaza recently refaced; new facia and signage • Unit Ranges: 1,079 – 7,035 sq ft • $25.00 / sq ft net MLS

LEASE

340 KING STREET WEST, KITCHENER

• Main floor private lobby, great signage opportunities, on-site parking for 4 vehicles • Public transit at the front door and minutes away from 3 ION stations • 5,649 sq ft • $15.00 / net lease

MLS

LEASE

231 SHEARSON CRESCENT, CAMBRIDGE

• New multi-story Class A office building • Contemporary & modern design • Ample on-site free parking • 15,000 – 50,000 sq ft • $19.00 / sq ft net

EXCLUSIVE

LEASE

620 KING STREET NORTH, WATERLOO

• New Build on King Street North • Near many amenities • Breaking ground early 2020 • 1,352 – 2,704 sq ft • $30.00 / sq ft

299 LANCASTER STREET W, KITCHENER

LEASE

MLS

• Located on the corner of Lancaster St W and Elizabeth St • Great storefront retail space • On-site parking • 1,150 sq ft • $17.50 / sq ft MLS

LEASE

851 FISCHER HALLMAN ROAD, KITCHENER

• Professional office space in historic post and beam building • Onsite parking included • 450 – 8,221 sq ft • Units Range $12.50 - $18.50 / sq ft • $1600 / monthly gross MLS

LEASE

85 WEBER STREET W, KITCHENER

• Newly Renovated Main Floor Office/Retail Suite in converted house • Steps from Downtown Kitchener amenities and transit with 2 onsite parking spaces included • 1,065 sq ft • $2,500 / Month Gross Lease

Christopher Coupal

John Markou

Theo Papadopoulos

Broker of Record, Principal christopher@coupalmarkou.com 519-742-7000 x 101

Broker, Principal john@coupalmarkou.com 519-742-7000 x 102

Sales Representative theo@coupalmarkou.com 519-742-7000 x 103

MLS

CONNECT

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

10

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

May 23–June 20, 2020

Kitchener/Waterloo Guelph & Cambridge

519.742.7000 www.coupalmarkou.com

sale

351 Weber Street North, Waterloo

• Located on Weber St N near Columbia St E / Columbia St W • Many uses for this property, auto sales and repairs, office, some retail, medical • 4,000 sq ft MLS • $1,499,000

sale

529-533 exmouth Street, SarNia

• Fully leased commercial investment opportunity • 50% occupied by Service Ontario • 15,360 sq ft on 0.927 acres • $2,000,000 MLS

sale

534 QueeNS aveNue, loNdoN

sale

360 regiNa St N, Waterloo

• Located on Regina St N near Columbia St E / Columbia St W • Many uses for this property, restaurant, office, medical, retail, electronic, bakery • 1,500 sq ft MLS • $1,550,000

1096 Wilby road, St. agatha

sale

347 Weber St N, Waterloo

• Prime C-5 location on busy Weber St in North Waterloo • Close to Universities and on transit route • Ample parking for your growing business • 6,400 sq ft MLS • $1,650,000

197-199 duNdaS Street, loNdoN

sale

• Properly well located as potential future development site • Close proximity to Waterloo’s urban boundary • 86 Acres • $2,495,000

MLS

sale

sale

1250 FiScher hallmaN road, KitcheNer

• Downtown Office Investment Opportunity • Excellent opportunity for a user to occupy 12,000 sf and enjoy revenue from a government tenant • 20,194 sq ft on 0.228 acres • $2,900,000 MLS

sale

175-185 KiNg Street eaSt, KitcheNer

D L So • Historic mansion with purpose built additions • Single tenant investment property, leased to Canadian Mental Health Association, Middlesex • 19,000 sq ft on 0.582 acres • $3,200,000

• High density development site at the intersection of Fischer Hallman & Bleams Road • Located next to grocery anchored plaza

MLS

EXCLUSIVE

• Investment property in downtown Kitchener • 17 residential units across two upper floors & three main floor retail units • Contact listing agency for more information, CA and full information package MLS • $3,395,000

Christopher Coupal

John Markou

Theo Papadopoulos

Broker of Record, Principal christopher@coupalmarkou.com 519-742-7000 x 101

Broker, Principal john@coupalmarkou.com 519-742-7000 x 102

Sales Representative theo@coupalmarkou.com 519-742-7000 x 103

connect

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

May 23–June 20, 2020

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

11

investmentproperty

What you need to know at tax time

Rental income tax obligations If you earn income from one or more properties that you own alone or with someone else, the money collected from these activities is taxable and you are required to report it.

RENTAL INCOME INCLUDES INCOME FROM RENTING: • houses • apartments • rooms • space in an office building • other real or movable property

REPORTING RENTAL INCOME: RENTAL OR BUSINESS Income earned from renting out property is considered by the Canada Revenue Agency (CRA) to be either rental income or business income, depending on the

12

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

May 23–June 20, 2020

duration of the rental and the types of services included in the rental agreement. In most cases, rental income means you are being paid to rent space and provide basic services only. These include heat, light, parking, and laundry facilities. If you provide additional services to tenants, such as cleaning, security, and meals, you may be carrying on a business. The more services you provide, the greater the chance that your rental operation is a business.

CURRENT EXPENSES VERSUS CAPITAL EXPENSES Keep track of all your expenses related to your rental property as these may be deductible, but there are different kinds of expenses. Current or operating expenses that are short term and associated with maintaining a property can be claimed entirely for the year you made them in. Capital expenses can be amortized, or spread out, over several years and generally provide a longer-lasting benefit or improve the value of a property.

KNOW THE DIFFERENCE BETWEEN A CURRENT AND A CAPITAL EXPENSE: Criteria: Does the expense provide a lasting benefit?

Capital expense: Generally, there is a lasting benefit or advantage.

For example, the cost of putting vinyl siding on the exterior walls of a wooden house is a capital expense.

Current expense: The expense usually recurs after a short period.

For example, the cost of painting the

May 23–June 20, 2020

exterior of a wooden house is a current expense.

Criteria: Does the expense maintain or improve the property?

Capital expense: The cost of a repair that improves a property beyond its original condition is probably a capital expense. If you replace wooden steps with concrete steps, the cost is a capital expense.

Current expense: An expense that simply restores a property to its original condition is usually a current expense.

For example, the cost of repairing wooden steps is a current expense.

Criteria: Is the expense for a part of the property or for a separate asset?

Capital expense: The cost of replacing a separate asset within a property is a capital expense. For example, buying a refrigerator to use in your rental operation is a capital expense because a refrigerator is a separate asset and is not a part of the building.

Current expense: Repairing a property by replacing one of its parts is usually a current expense. For instance, electrical wiring is part of a building.

Therefore, an amount you spend to rewire is usually a current expense, as long as the rewiring does not improve the property beyond its original condition.

Criteria: Is the expense for repairs to the used property that you acquired made to put it in a suitable condition for use?

Capital expense: The cost of repairing used property you acquired to put in a suitable condition for use

in your business is considered a capital expense even though in other circumstances it would be treated as a current operating expense.

Current expense: Where the repairs were for ordinary maintenance of a property you already had in your business, the expense is usually current.

Criteria: Is the expense for repairs made to an asset in order to sell it?

Capital expense: The cost of repairs made in anticipation of selling a property, or as a condition of sale, is regarded as a capital expense.

Current expense: Where the repairs would have been made anyway, but a sale was negotiated during the course of the repairs or after their completion, the expense is considered current.

OTHER CONSIDERATIONS WHEN EARNING RENTAL INCOME In addition to claiming your income and deducting allowable expenses, other considerations could impact your tax situation. For example, if you own a newly constructed or substantially renovated residential rental property, you may be eligible for a rebate. If the expenses you incur to earn rental income are more than your gross rental income, you can deduct your rental loss against your other sources of income. However, you cannot deduct any amortization/depreciation on your rental property if you are already in a rental loss position. You also cannot deduct a rental loss if you rent to a family member below fair market value.

Learn more. Visit canada.ca. CI

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

13

Kitchener/Waterloo Guelph & Cambridge

Tips for small business owners

Surviving your first year Many successful entrepreneurs can tell you that starting a business can be extremely rewarding but that it can also be stressful.

“Everyone who starts a business enters with excitement and aspirations for success and while no two businesses are the same, success can be difficult to predict,” says Kim Ulmer, regional president, RBC and former vice-

president, Small Business, RBC. “Many factors can contribute to the success of your business, but it’s important to understand that building a successful, profitable business takes patience, determination and focus.”

Ulmer offers some tips that can be applied to any new business, increasing its chance of success: • Make a plan – Creating a business plan is essential to the survival of any business. It will help you identify your customers, your market, your competition and other important aspects of your business. It will also help you identify potential opportunities and obstacles that

27 WHARNCLIFFE ROAD S, LONDON, ONTARIO

might not have occurred to you. As your business grows, it will serve as the yardstick against which you can measure your business performance and make sure you’re staying on the right track.

• Establish a support network – Business owners tend to be independent-minded and are more inclined to solve problems on their own. However, it is important to not be shy when it comes to asking for advice. You’ll be surprised how many people are willing to share industry information or serve as a sounding board for your ideas. continued on page 23

View Our Magazines On any

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COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

Now you can view all Commercial Investor magazines online using any smartphone, tablet or desktop device.

TheCOMMerCiaLinVesTOr.Ca May 23–June 20, 2020

Kitchener/Waterloo Guelph & Cambridge

Although these are unsettling times and it may not be ‘business as usual’, at Cushman & Wakefield Southwestern Ontario we are working hard to continue providing our clients with the highest level of service.

We continue adhering to the Public Health recommendations, while striving to provide the excellent service you are accustomed to. Despite the unprecedented challenges, we want you to know that we are here for you and doing business. Feel free to reach out to us anytime!

CONTACT US 519 438 5588 info.lws@cushwakeswo.com MONDAY - FRIDAY 9 AM-5 PM www.cushwakeswo.com COMMERCIAL REAL ESTATE BROKERAGE

©2020 Cushman & Wakefield Southwestern Ontario, Real Estate Brokerage, Independently Owned and Operated. A Member of the Cushman & Wakefield Alliance.

Dalibor Radulovic Sales Representative dalibor1@rogers.com

Chris Mossey

Tunde Abiodun

Rob Piombini

chrismossey@rogers.com

tabiodun@gmail.com

rpiombini@homelifepower.com

Sales Representative

Broker

519-885-8810 385 Frederick Street, Unit 32 Kitchener, Ontario N2H 2P2

Broker

HomeLife Power Realty Inc., Brokerage*

*Independently Owned and Operated

5 parcels of Development Land available in Kitchener & Waterloo (Exclusive Listings). Call for details.

Unit 8, 300 Victoria Street North, Kitchener, ON - 1512 Sq/Ft Great Opportunity to Lease a 1512 Sq. Ft. Multi-Use Space.

Multi-use allows for retail, office, services and more. High traffic location on Victoria Street North in Kitchener. Other spaces available please call for details. $12 per square foot Plus CAM. Immediate Occupancy!

May 23–June 20, 2020

We have Buyers Ready to Invest in Multi-Family Apartment Buildings between 1-5 Million.

Please Call the 4M COMMERCIAL GROUP at 519-885-8810

Towneplace Suites By Marriott 30 FEN RIDGE COURT, BRANTFORD, ON N3V 1G2

REGISTER TODAY

www.collardproperties.ca/seminars

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

15

Kitchener/Waterloo Guelph & Cambridge

Coldwellbankercommercial.ca 508 Riverbend Drive, Kitchener

PETER BENNINGER REALTY, BROKERAGE

** Broker * Sales Representative

RETAIL AVAILABLE FOR LEASE KITCHENER

MLS® 30774502

KITCHENER

BRESLAU

MLS® 30802801

MLS® 30717001

8 BLOOMINGDALE ROAD 870-1,130 SF $12.00/SF Lester Tobin* x 3023

1O TOWNSEND DRIVE

1,163-3,524 SF $22-26/SF James Boudreau** x 3020

KITCHENER

2,500 SF $26.00/SF Lester Tobin* x 3023

CAMBRIDGE

MLS® 30782754

MLS® 30760384

#19-248 STIRLING AVE. S.

#LL- 34 WATER ST. N.

3,000 SF $14.50/SF James Boudreau** x 3020

#1-900 FAIRWAY CRES.

3,292 SF $8.00/SF James Boudreau** x 3020

KITCHENER

MLS® 30637876

1606 BATTLER ROAD

3,000-3,961 SF $28.00/SF Lester Tobin* x 3023

OFFICE AVAILABLE FOR LEASE KITCHENER

MLS® 30790637

508 RIVERBEND DRIVE 588-6,625 SF $19.95/SF Colin Vogel* x 3110

KITCHENER

MLS® 30782301

MLS® 30760388

60 OTTAWA STREET S.

#C-1620 KING STREET N.

1,267-2,871 SF From $1,400/Mo.

James Boudreau** x 3020

CAMBRIDGE

MLS® 30760378

34 WATER STREET N.

1,764-4,768 SF $11-$11.50/SF James Boudreau** x 3020

ST JACOBS

2,044 SF $11.95/SF Gary Boudreau* x 3029

WATERLOO

KITCHENER

MLS® 30758407

MLS® 30769279

105-375 UNIVERSITY AVE. E. 894 SF $21.00/SF Colin Vogel* x 3110

#1-96 HIGHLAND ROAD W. 982 SF $13.00/SF Gary Boudreau* x 3029

Each office is Independently Owned and Operated 16

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

May 23–June 20, 2020

Kitchener/Waterloo Guelph & Cambridge

Coldwellbankercommercial.ca 508 Riverbend Drive, Kitchener

PETER BENNINGER REALTY, BROKERAGE

** Broker * Sales Representative

INDUSTRIAL AVAILABLE FOR LEASE | BRIGHT

KITCHENER

KITCHENER

MLS® 30785745

MLS® 30782754

MLS® 30759962

907168 TOWNSHIP ROAD

#19-248 STIRLING AVE. S.

#A-109 OTTAWA ST. S.

2,400-4,800 SF $6.50/SF Lester Tobin* x 3023

3,000 SF $ 14.50/SF James Boudreau** x 3020

3,450 SF $8.50/SF Lester Tobin* x 3023

INVESTMENT FOR SALE CLARINGTON

KITCHENER

MLS® 30686210

MLS® 30791109

2480 RUNDLE ROAD

405 NYBERG STREET

0.80 acres $849,000 Lester Tobin* Ext: 3023

18,200 SF $2,450,000 Eric Frey* x 3118

HANOVER

MLS® 30784813

341 10TH AVENUE

21.63 Acres $5,825,000 John Hoffman* x 3040 WATERLOO

MLS® 30749343

51 KING STREET N.

6,282 SF 0.09 Ac. $2,999,000 Lester Tobin* Ext: 3023

AYR

MLS® 30768424

120 WANLESS COURT

4,000 SF / 5.72 Ac. $19,500.00 Steve Gerakopulos* x 3033

INGERSOLL

ACTON

MLS® 30792182

MLS® 30764486

311 INGERSOLL STREET S. 24.21 Acres $2,850,000 John Hoffman* x 3040

5.90 Acres $4,300,000 Steve Gerakopulos* x 3033

0 WALLACE STREET

WATERLOO

STRATFORD

MLS® 30778997

MLS® 30785324

57 KING STREET N. 1,700 SF 0.03 Ac. $1,300,000 Lester Tobin* Ext: 3023

9,245 SF 0.56 Ac. $1,900,000 Lester Tobin* Ext: 3023

165 DOWNIE STREET

Each office is Independently Owned and Operated May 23–June 20, 2020

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

17

Investment

Survey:

More Millennials look to own recreational property A RE/MAX survey released June 6 and conducted

by Leger finds 56 per cent of Millennials are in the market to purchase a recreational property. This is up 14 per cent from last year when 42 per cent of this demographic considered buying recreational property.

18

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

In 2018, 91 per cent of recreational markets surveyed reported it was Baby Boomers, especially retirees, who were driving the recreational market. The increase in buying intentions among younger people shows the start of a new trend in who will fuel this segment of the property market, and what they are looking to purchase.

May 23–June 20, 2020

“We are finally witnessing the long-anticipated generational shift of purchasing power from Baby Boomers to Millennials,” says Christopher Alexander, executive vice-president, RE/MAX of Ontario-Atlantic Canada.

“With the high cost of urban living taking many young homebuyers out of those markets, more Millennials are turning to recreational properties as a viable option for home ownership.”

Price remains the top consideration for recreational property buyers, with 61 per cent of survey respondents naming affordability as the most important factor. However, liveability also plays a crucial role in the selection process.

“This new buyer demographic comes with a different lifestyle and property criteria than those of their Boomer counterparts,” Alexander adds. “Factors like Internet connectivity, recreational activities and proximity to towns with urban conveniences are becoming a more important selling feature.”

The survey also reveals that 64 per cent of Canadians want recreational properties to relax and spend time with friends and family. Forty-three per cent say they are able to do things not available at their permanent residence, such as hiking and fishing, with Millennials ranking higher (50 per cent) than Boomers (38 per cent) in this sentiment.

When it comes to the actual property, the survey also found that other than affordable purchase price, Canadians who own or would consider owning a recreational property named reasonable maintenance costs waterfront access, and proximity to town as the most important factors when purchasing.

These findings differ regionally, with more Atlantic Canadians (39 per cent) May 23–June 20, 2020

looking for seclusion compared to residents in western provinces (28 per cent) or Ontario (26 per cent).

Ontarians, on the other hand, are more likely to look into the property’s proximity to town and the accessibility of nearby medical facilities.

Additionally, the findings revealed that 54 per cent of Canadians travel (or would like to travel) to their recreational property in about two hours or less, while 22 per cent travel (or would travel) three or more hours. CI

Key findings from the 2019 RE/MAX Recreational Property Omnibus Survey 1. Forty per cent of Canadians are in the market for a recreational property, 56 per cent of Millennials are in the market for a recreational property 2. Canadians cite the following reasons to own or want to own a recreational property: • It is where I can go and relax and spend time with friends and family = 64 per cent • It is a getaway home = 58 per cent • I can do activities I can’t do at my permanent residence (hiking, fishing, etc.) = 43 per cent • It is an investment property = 30 per cent • It is a retirement home = 20 per cent • Other = two per cent 3. Thirty per cent of Canadians who say they use or would use a recreational property as an investment opportunity, Millennials rank the highest at 33 per cent, compared to Boomers at 28 per cent.

4. More than half (54 per cent) of Canadians who own or are considering owning a recreation

property are willing to travel up to two hours, 24 per cent saying they would travel two hours. Slightly less (22 per cent) are willing to travel three or more hours.

5. Canadians identify the following features as important when considering their current recreational property or a future purchase of a recreational property: • Affordable purchase price = 61 per cent • Reasonable maintenance costs = 46 per cent • Waterfront access = 45 per cent • Proximity to town = 44 per cent • Reasonable distance from primary residence = 35 per cent • Relative seclusion = 28 per cent • Land access = 24 per cent • Proximity to sports/recreation = 24 per cent • Nearby neighbouring properties = 12 per cent • Island property = seven per cent • Other = one per cent • None, don’t mind which features my recreational property has = seven per cent • Don’t know/prefer not to answer = seven per cent

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

19

Copyright trolls:

know your obligations The internet makes all sorts of information available, seemingly for free. But if you intend to use someone else’s content on your website, in your brochure or in your store, you need to license the use of it – this goes for videos, writing, music, or photographs.

But we all make mistakes. Maybe you unknowingly used a photo on your homepage from one of these websites, or an employee added it to your brochure.

If that happens, you might receive a letter from a company telling you to either pay to license it or remove it from usage, or face legal repercussions. So, you remove it from your site and hope that is the end of it. In many cases, that is the end—but what if it isn’t?

Let’s say a few months later, you receive an invoice from a law office stating you need to pay them $2,000 for copyright infringement, or they will take legal action. What is happening here?

You might be dealing with a copyright troll Unlike stock photography websites like iStockphoto and Shutterstock, who make money on licensing fees, trolls merely pose as stock photo websites.

These companies’ main source of income comes from threatening those who unwittingly use their photos without a license.

That’s right, they want you to commit copyright infringement, so rather than getting a small amount of $20 per year for licensing a picture, they are hoping to land $2,000 from those who don’t know their rights.

20

Here are your options According to an article by SamuelsonGlushko (cippic.ca/FAQ/Copyright_ Trolls), you have options if you receive an invoice from a law office. You could: • Accept and pay the fee demanded.

• Negotiate for a lower fee.

• Offer a fee in line with what the company could expect for statutory damages (in Canada, $500 per work, up to $20,000).

• If you qualify as an innocent infringer, offer the company $200 per work as an equitable settlement offer.

• Tell the company that the work has been removed and say that ends the matter (and risk being sued).

• Ignore the company (and risk being sued).

What do you actually owe?

Generally, the courts in Canada are unlikely to award more than the minimum amount of $500 per work infringed. They also have the discretion to: • Reduce damages up to $200 per unaware infringement.

• Reduce damages below the minimal amount where one medium, like your website, contains multiple infringing works and the total award would be grossly out of proportion to the infringement.

You should be aware that trolls are

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

not interested in low settlement fees.

Expect a troll to reject what you might consider a fair offer to settle, or a proposed settlement fee that is equal to what you would have paid to use the image had you sought a license at the time. That does not mean you have to pay the outrageous fees demanded by the troll. Again, it is a matter of risk: Are you likely to be sued? Do you want to incur the expense and bother of protracted demands?

Now a “collections firm” is threatening your credit rating! Is this true? Can a troll threaten your credit rating?

No. A troll’s demand is just that, a demand, an unsubstantiated allegation of copyright infringement. It is not until it turns into a successfully concluded lawsuit with a judgment against you that this demand turns into a debt.

At this point, if you refuse to pay the damages – the judgment debt – your credit may be threatened. If you look carefully at the troll’s “collections” communications, you will see that it is not really a collections agency. Usually, this is just a division of the troll’s business model, a part of the process of squeezing money from victims. It is deliberately deceptive and potentially unlawful.

If you find yourself in a potential copyright infringement conundrum, but are not being sued call a CFIB business counsellor to discuss your options (1.888.234.2232). If you are being sued, call your provincial law society. They can offer you a 30-minute phone consultation with a copyright lawyer for $25. CI Source: cfib-fcei.ca/en May 23–June 20, 2020

Hamilton

D ISE AN H C N A R F SS BUSINE ES TUNITI OPPOR

OR.CA

INVEST

RCIAL COMME

THE

OW R G U O Y P L E H WE MS A E R D YOUR ONTACT ATION C M R O F ant ING IN Consult VERTIS , Media classified.ca Y FOR AD E C media UE FA YHANI.2Q606 | yhanique@ Consultant ia 36 .ca 1.866.5 UA, Me@d mediaclassified K E N H DAP 593 | daphne -532-2 6 6 8 1-

FOR SALE 5.2 Acre Approved Commercial Development Land Ready for Construction

58,000 sq. ft. retail store plaza Gas station complex

Cedar Park Plaza / Gas Station Complex

Location Queensway Street West, Simcoe, Ontario

*58,000 sq. ft. Plaza ready for construction NOW *Optional with new gas complex *Prime location 250+ customer parking spaces Cedar Park Plaza / Simcoe Ontario Investors / Builders Approved Land is Recession Proof Investment

Sale Price $1,990,000

ECTION ST SEL THE BE ERCIAL, M OF COM RIAL, INDUST E AND IS FRANCH SS BUSINE NITIES TU OPPOR

(Financing available)

Call Ed Bain

416-836-7686 (email) cedarparkplaza@yahoo.com

H A M I L T O N

Mazhar Roshan Sales Representative

905.929.9800 647.609.9463 905.574.6400

Direct GTA Direct Office

mazharroshan@sympatico.ca HAMILTON

BURLINGTON FOR LEASE

9 WOODBURY/HAMILTON

Well established high volume Canada post Franchise business available for sale For more inquiries please call Mazhar Roshan at

2000 Sq. Ft. on lower level for storage.

M RED JUS O T SE TIV UCE LL AT D ER ED !

905 929 9800

Long established variety and laundromat business.

Store sale $22,000 per month. Lottery income $3,600 per month. Nevada $300 atm $300 per month.

Laundromat income $9000/mth. 20 Washer and 15 dryers (few newer) alterations and dry cleaning drop off. Very reasonable rent. Long lease. Do not go direct please call lbo for more details.

5000 square feet part of Industrial Building Available for lease in low tax Brant County. The building features 14 x 14 drive-in shipping doors as well as fenced rear yard and M3 outside storage. One minute from Hwy 403 interchange.

Lot size provides ample parking. good for light manufacturing, warehouse, distribution and storage. Huge two-level office with fully equipped board room lunchroom and washroom.

HomeLife Professionals Realty Inc.

BROKERAGE I have qualifi ed buyers for up to $5M in commercial and investment buyers.

Call for details.

RETIREMENT COMMUNITY

Price includes 2 buildings, 2 bdrm house, retail, convenience store, with w/in cooler, catering take out business, lottery, ATM, and much much more.

Lots of potential, retiring couple, good for home and work.

2145 KING ST/HAMILTON

Fully occupied mixed use property in hamilton’s rosedale area. Includes 3 commercial units and 5 residential units with a net income of over $60k. For more details please call lbo. Buyer or buyer’s agent to verify all numbers.

“My Business is to Sell Your Business” May 23–June 20, 2020

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

21

Greater Toronto Area

SkyViews

Your Price for ‘Upside’ Finding Value in the Grey Areas

By Cliff Ford, Skyview Realty

With the ever-increasing demand for multi-unit residential properties amongst investors, a trend has been emerging over the last number of years.

Many properties, and certainly buildings with 30+ units, are seeing multiple offers as part of an open bid submission process.

If you aren’t familiar with the bid submission process, it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide all due diligence documents in advance of the offer deadline to allow buyers to determine what they are willing to offer on any given property. Sellers love this process as it can generally lead to multiple offers and can create a bidding war that drives up their end price. Buyers dislike this process, however, because they prefer to have some guidance on pricing going into the offer stage. As a brokerage, we are caught in the middle of wanting to deliver great results for our Seller and satisfying our buyer clients’ demands for more investment properties.

What we have been noticing with these open bid properties is that ‘upside’ becomes a very common discussion point. The value a buyer places on the upside in a building can often become the factor that makes their offer stand out among the rest, at least as it relates to purchase price.

When considering what the upside is on a property, its more than just rental rate upside, especially considering the lower vacancy rates seen in the Ontario market nowadays. Beyond the upside of what you could rent turned-over units for, investors are looking at upside in the utility consumptions by implementing programs to replace lighting with LED bulbs, installing Low-flow toilets in every unit, and investing in higher efficiency heating equipment. Upside can also be found in converting excess space in a building to either additional units, commercial space, or amenities that could draw in greater tenant rents.

Sometimes even the location of the property itself

22

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

can have a form of upside for a particular buyer, in that they may own a building nearby and could create valued upside in the sharing of mutual expenses between each property.

Whatever the upside factors may be on any particular property, when going into a purchase process, understanding what YOUR value is on the upside will give you a leg up when bidding against other buyers. It appears that, at least for the time being, the sale price of the property is no longer determined just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course if every seller had their way, the Buyer would be paying for 100% of the upside in their purchase price but realistic sellers also know that they need to leave something on the table for a buyer. As a buyer, you need to know what the upside is and how much you are willing to pay for that upside. It is a business decision that only you can determine based on your operations.

To be fair when discussing bid submission processes, it should be stated that price may not always be the only factor when a seller chooses one offer to work with over another, but it is likely the most significant factor. As an example, buyers are becoming more and more organized in their purchasing processes in order to streamline their conditional periods and closing dates, as this can also help to achieve a sign back from a Seller when multiple offers are on the table. Especially if all offering prices are neck and neck, the terms of the offer becomes an important factor for a seller.

You may not be a fan of the open bid submission process, but it appears as if this new trend will be sticking around. By doing proper due diligence upfront, good research on the property’s market, and determining the price you want to pay for the upside, you can still achieve great acquisitions in this tight and highly sought after investment class.

May 23–June 20, 2020

Greater Toronto Area continued from page 14

Other people to consider for your professional network include suppliers, customers, accountants, lawyers and financial advisors.

• Be a student of your business – To be successful, your business needs to stand out among the competition. Your “unique selling proposition” may be your product or service, price, selection, or any number of things. Whatever it is, you need to understand the market, and know what your competition is doing, to ensure that whatever you are offering is more appealing to your customers than anything else out there. Research online, join industry associations and most importantly, talk to your clients.

• Keep an eye on your cash flow – Without a clear picture of your daily sales revenue and expenses,

you won’t know how much your business is making. That’s why keeping an eye on your cash flow is crucial. It’s also essential for forecasting, as your predictions and planning are based on what happened today. Over time, your forecasting will become more accurate, so you can plan for fluctuations in your business due

to seasonal or economic factors. It will also help you determine how much cash you need in reserve to keep you in the black through slower periods.

For more business advice at all stages, visit:rbcadvicecentre.com/ business_advice. CI News Canada

Specializing in all your financial needs since 1975 ✓ Residential 1st and 2nd Mortgages ✓ Land ✓ Construction ✓ Commercial Investment ✓ Apartment Buidlings

✓ Office And Medical Buildings ✓ Special Purpose Properties • Gas Stations, Hotels, Churches, Mosques, Retirement and Nursing Homes, Self-Storage and Student Residences and more.

Call or send a package for a quote:

CYR Funding Inc. #11681 • Attn. Rena Malkah Bus 905-731-1111 x229 • Cel 647-838-5061 • Fax 905-731-6860

rena@cyrfunding.com • www.cyrfunding.com May 23–June 20, 2020 3 COMMERCIAL INVESTOR

| Commercial Real Estate & Business Opportunities

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

23 January 5–February 2, 2019

Business Investor

24

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

May 23–June 20, 2020

Business Investor

May 23–June 20, 2020

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

25

legallyspeaking

Understanding your condo docs

BY JACQUELINE MONETA JD WITH ASSISTANCE FROM JAYSON SCHWARZ LLM

New disclosure requirements in the Condominium Act provide owners with more information than ever, but all of this information can quickly become overwhelming. What are all the documents and what do they tell you? The following is an overview of the rules and regulations governing condo living.

Condominium declaration The declaration is like the constitution of a condo. It provides information regarding each suite’s boundaries and share of common expenses expressed as a percentage of the total budget.

The declaration also describes any recreational facilities and how they will be used. It can also contain restrictions on the use or occupation of the units and common elements. A review of the declaration will tell you exactly what you are buying.

A declaration can only be changed if more than 80 per cent of the owners agree to the change. This makes subsequent changes to the declaration difficult and rare.

By-laws The by-laws control how condominium corporations are run. They outline the qualifications of condominium directors, their remuneration (if any), and the quorum necessary for a meeting. The by-laws may also outline when and how the condominium can borrow money.

This is important if there is ever a special assessment levied. As an alternative to a special assessment the condo may be able to borrow funds, if allowed in the by-laws, rather than makeup any shortfalls from the unit owners.

26

By-laws can be passed, appealed or amended by the board of directors.

Before becoming effective, by-laws must be approved by a majority of the units of the corporation and registered with the land registry office.

Condominium rules The board of directors can also make, amend or repeal rules. The rules govern the safety, security or welfare of the owners and the property or assets of the corporation. They typically prevent unreasonable interference with the use and enjoyment of the common elements or units.

It’s common for the rules to prevent owners from renting out their units for short periods of time (ie. Airbnb) or restrict visitors’ use of the common elements. It is also increasingly common for the rules to limit the number and/or size of pets allowed in the building.

Rules can vary greatly in each condominium, so even if you are familiar with condo living it’s important to review the rules in each building you buy into. They can impact lifestyle choices, which while not legal issues, should be considered carefully as they can have a large impact on your dayto-day life.

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

Status certificate Perhaps the most important document you’ll receive is the status certificate. This document gives buyers details of the financial and legal circumstances for the condominium building. A status certificate will include information regarding increases in common expenses, law suits against the condominium corporation and any upcoming large expenditures for repairs.

A status certificate will also have information about the individual condo unit. It indicates if the current owner is in default of paying common expenses and if any increase in common expenses has been declared by the condominium board.

While sifting through these documents may seem overwhelming, careful review of the rules and regulations governing your condo could save you a lot of time and unexpected cost down the road. You should also seek the advice of a real estate lawyer and accountant who can point out abnormalities or possible red flags.

Don’t forget the best help you can get is from a real estate lawyer who understands condominium law. Be careful and find someone who is knowledgeable and cares about you and your family. This is an important milestone in your life.

Send or fax letters to the magazine or to us, use the website (schwarzlaw. ca), email (info@schwarzlaw.ca) and give us your questions and concerns.

We will try to deal with them in print or electronic form. CI

May 23–June 20, 2020

H

A

M

I

L

T

O

N

Mazhar Roshan Sales Representative

905.929.9800 647.609.9463 905.574.6400

HomeLife Professionals Realty Inc.

Direct GTA Direct Office

mazharroshan@sympatico.ca

BROKERAGE

I have qualified buyers for up to $5M in commercial and investment buyers.

Call for details.

18 ACRES OF LAND

53 ACRES OF LAND

LONG ESTABLISHED PIZZA STORE

Across from new proposed Hospital in Niagara Falls off exit #21 of QEW. Land has 1,900 Ft. frontage. Great potential for future development. Call Mazhar Roshan for more details.

Off exit # 21 QEW minutes away from new proposed hospital. Good for future development or investment.

Land has 1,800 Ft. frontage on QEW. 2,400 ft on Marshall Road and 1,200 Ft. on Willodell Road. Currently leased to a farmer. For more details call Mazhar Roshan.

Short hours 3 pm - midnight. Doing over 30K monthly sales.

Good for owner operator or small family. For more details please call Mazhar Roshan.

HAMILTON

BURLINGTON FOR LEASE

M

OT

R J IV ED UST AT UC ED ED SE LL ER

!

WELL ESTABLISHED HIGH VOLUME CANADA POST FRANCHISE BUSINESS AVAILABLE FOR SALE

Long established variety and laundromat business. Store sale $22,000 per month. Lottery income $3,600 per month. Nevada $300 atm $300 per month. Laundromat income $9000/mth. 20 Washer and 15 dryers (few newer) alterations and dry cleaning drop off. Very reasonable rent.

Long lease. Do not go direct please call lbo for more details

For more inquiries please call Mazhar Roshan at 905 929 9800

D L

2000 Sq. Ft. on lower level for storage.

NEBO ROAD – HAMILTON (UNDER CONTRACT – TO BE SOLD TOGETHER)

O S

Nice investment and future development, all 3 properties are under contract to be sold together. Located is Red Hill Business park, cross from Canada bread, fully rented and net yearly income $58,500.00. Asking 1.3 million for more details and showing call Mazhar Roshan at 905-929-9800.

RETIREMENT COMMUNITY

Price includes 2 buildings, 2 bedroom house, retail, convenience store, with w/in cooler, catering take out business, lottery, ATM, and much much more. Lots of potential, retiring couple, good for home and work, retirement community.

May 23–June 20, 2020

9 WOODBURY – HAMILTON

2145 KING ST – HAMILTON

5000 sq ft part of Industrial Building Available for lease in low tax Brant County. The building features 14x14 drive-in shipping doors as well as fenced rear yard & M3 outside storage. One min from Hwy 403 interchange. Lot size provides ample parking. good for light manufacturing, warehouse, distribution & storage. Huge two-level office with fully equipped board room lunchroom and washroom.

Fully occupied mixed use property in hamilton’s rosedale area. Includes 3 commercial units and 5 residential units with a net income of over $60k. For more details please call lbo. Buyer or buyer’s agent to verify all numbers.

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

27

SELLING REAL ESTATE FOR OVER 31 YEARS

Platinum Award Winner

Bill Morrison SALES REPRESENTATIVE

Direct:

905-619-9500

Toronto line: 416 798 7278 Email:

TORONTO ASKING $3,600,000 • Investment Opportunity • 11 Unit Building • Great Location • Victoria Park/St Clair

Heritage Realty Inc., Brokerage Independently Owned and Operated

morrisonb@sutton.com BOWMANVILLE ASKING $1,999,000 • In The Heart of Downtown Bowmanville • Amazing New Upscale Tavern • Run It Yourself Or Lease It Out • 4-1 Bedroom & 2- 2 Bedroom Apartments • Great Deal!

SCARBOROUGH

BOWMANVILLE

ASKING $5,000,000 Prime Location Near Scarborough Town Centre. 8,000 SQ FT Building divided into 2 Auto Shop Business, Outside Storage, Older Home, All On 2 Acres With Room To Build. Minutes To Hwy 401.

ASKING $5,900,000 Location Location, Fantastic Opportunity 41 Acres on Taunton Rd At The New Ramps Of Hwy 418. Beautiful Executive Home and Great Detail. Business Opportunity with Approved Zoning For Driving Range, Mini Golf And 2400 Sq for Shop & Restaurant. Ready To Be Developed And For Potential Future Estate Home Development.

NEWCASTLE

COURTICE

ATTENTION DEVELOPERS. Have over 3 acre Development site for towns or midrise Buildings.

Fantastic location services. $3,500,000

ASKING $1,900,000 41 Acres on the boarder of Oshawa and Courtice Close to downtown.

Has an old farmhouse and barn with could be renovated or replace them with new home.

Ideal property to land back to the future. Seller will consider holding VTB mortgage with 50% down at 4%.

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

28

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

May 23–June 20, 2020

Colliers International Niagara Ltd.,

Real Estate Brokerage 82 Lake Street, Suite 200, St. Catharines, ON L2R 5X4 www.collierscanada.com 905-354-7413 23 SEAPARK DRIVE, ST. CATHARINES

214 STONE CHURCH ROAD, KILLALOE

170 CHURCH STREET, ST. CATHARINES

+/-1,475 sq. ft. industrial/warehouse unit available in the eastern sector of the City. Fenced compound at rear of building. Water is charged on a percentage basis. Many permitted uses under E2 zoning. Shipping door can be installed.

Offered at $12.00 psf gross Contact Mike Halliday, Sales Representative mike.halliday@colliers.com

The Homestead at Wolf Ridge is the newest 18-hole golf course in the Upper Ottawa Valley. Located on Highway 60, just west of Killaloe, the course is designated to make the most out of 220 acres of rolling farmland. The architect firm of RF Moote and Associates designed 18 superb holes and a driving range that is unrivaled by any other in the area.

Offered at $1,485,000.00 Contact Dave Fulton & Mark Stevens, Sales Reps dave.fulton@colliers.com & mark.stevens@colliers.com

4 parcel mixed Use development property for sale in Downtown St. Catharines. Proposed plan for 60 units including +/-8,514 square feet of retail space. Excellent investment opportunity with many permitted uses.

Offered at $1,600,000 Contact Greg Chew, Sales Representative greg.chew@colliers.com

133 HARTZEL ROAD, ST. CATHARINES

952 FOSS ROAD, PELHAM

80 MERIDIAN WAY, PELHAM

Stand alone 1,736 sf commercial building available on busy Hartzel Rd. Being sold as is where is. Former Veterinary Clinic. 8’ ceilings. Multiple exam rooms, front reception area. 3 man doors. Kitchenette & washroom.

Ample parking with mutual drive.

Offered at $375,000.00 Contact Ralph Roselli, Sales Representative ralph.roselli@colliers.com

PT TWP LT 25 MOUNTAIN, NIAGARA FALLS

+/-90.91 acre farm property with +/-7,448 sq. ft. 2-storey commercial building built 1986. Two 2nd floor apartments +/-1,500 sq. ft., +/-5,748 sq. ft. warehouse, +/-1,700 sq. ft. retail showroom.

17’4” clear ceiling height. +/-705 ft. frontage on Foss Road. Minutes to downtown Fenwick. Close to West Fonthill.

Offered at $2,150,000.00 Michael Halliday & David Fulton, Sales Reps michael.halliday@colliers.com david.fulton@colliers.com

Zoning approval for 36 large luxury +/-1,500 sf units.

Prime residential lot on main thoroughfare between Niagaraon-the-Lake and Niagara Falls.

To the north, Mountain Rd. becomes the main artery into Niagara-on-the-Lake, and to the south, leads directly to Niagara Falls. 10 minutes to Casino Niagara, the Horseshoe Falls and the Rainbow Bridge US Border. 3 minutes to the QEW. Beautiful view overlooking the Eagle Valley Golf Club.

Offered at $1,450,000.00 Greg Chew greg.chew@colliers.com

BROKERAGE APPRAISALS MANAGEMENT

+/-1.49 acres available for sale in developing east Fonthill. Full municipal services are available at Meridian Way. Development site for residential or mixed use commercial residential. Site plan approved for 10 storey apartment complex totalling 96 units.

Very close proximity to Pelham Community Centre with twin pad ice rinks, Wellspring Niagara Cancer Centre.

Offered at $2,188,000.00 Contact Ralph Roselli, Sales Representative ralph.roselli@colliers.com

114 HARTZEL ROAD, ST. CATHARINES

Stand alone 6,738 sf service related/automotive building available on busy Hartzel Rd. at the corner of Dunvegan Rd. Beautiful glassed front showroom with 21’ clear exposed ceiling. Men’s & women’s washrooms. Fully built out retail area, private offices, and vestibule Fenced compound area. Being sold in combination with 1 Dunvegan Rd. Offered at $1,800,000.00 Contact Ralph Roselli, Sales Representative, ralph.roselli@colliers.com

Accelerating success.

Global leadership in real estate solutions.

“Information contained herein has been obtained from the owners or from other sources deemed reliable.

We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change without notice.”

May 23–June 20, 2020

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

29

COMMERCIAL, REAL ESTATE & BUSINESS OPPORTUNITIES

Bill Bradley

Sales Representative

REALTY EXECUTIVE PLUS

416.258.6866

Independently Owned & Operated

Unit 2, 1240 Speers Rd., Oakville ON 416.258.6866

exitwithbill@gmail.com

LAND FOR SALE

49

ACRES

IN CEDAR PARK 5.2A. READY TO BUILD A LAGE PLAZA ON

Condo Apartment Buildings Large or small

38 ACRES IN MILTON ON 49 ACRES IN MILTON ON CALL BILL BRADLEY FOR INFO

Apartment Buildings for sale Large or Small

Small or Large Hotel or Motel Building for Sale

THIS PLAZA ALL READY TO BUILD

BY OWNER ON 5.2 ACRES OF LAND NEAR HIGHWAY PLEASE CALL FOR MORE INFORMATION.

SELLERS AND BUYERS WANTED – CALL BILL BRADLEY 30

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

May 23–June 20, 2020

GET SOLD R E A L T Y

I N C .

WITH RE/MAX GOLD GET SOLD

B R O K E R A G E

GORDY KHUMAN Broker of Record

GORDY KHUMAN WITHinfo@remaxgoldrealty.com RE/MAX GOLD Broker of Record

905.673.8500 MALTON I N C .

B R O K E R A G E

R E A L T Y

ERIN MILLS COMMERCIAL - RIDGEWAY & EGLINTON 905.673.8500 MALTON CENTREinfo@remaxgoldrealty.com NOW LAUNCHED III ERIN MILLS COMMERCIAL CENTREPHASE - RIDGEWAY & EGLINTON NOW LAUNCHED PHASE III

35 ACRES OF COMMERCIAL DEVELOPMENT

ONLY 6 UNITS LEFT 35 ACRES OF COMMERCIAL DEVELOPMENT ONLY 6 UNITS LEFT EX. FH EX. LS

SS

54'-9"

LO

AD

IN

G

EX. FH

LO

LO

AD

HT

HT

LO

AD

IN

AD

IN

G

G LO

AD

GM

I

INDUSTRIAL 10,656.36 m2 (114,704 sqft)

I

INDUSTRIAL 10,656.36 m2 (114,704 sqft)

55'-9"

A

IN

G

45'-5"

25

45'-5"

58'-0"

45'-5"

GARB. RM.

B

B 25

3

34

37'-9"

I1 2,104SF

55'-9"

SS

A

45'-5"

GM

EX. LS

58'-0"

45'-5"

37'-9" 37'-9"

45'-4"

GARB. RM.

I1 I2 2,104SF 2,104SF

45'-5"

37'-9" 37'-9"

45'-5"

I2 I3 SF SF 2,104 2,104

45'-5"

82'-8"37'-9"

IN

G

LO

AD

IN

G

A

45'-5"

I3 I4 4,241SF 2,104SF

I5 7,609SF

I17 SF 2,034 33

1

44'-3"

22

45'-4"

SOLD SOLD

I5 7,609SF

A

I6 7,929SF

A

45'-5"

I6 7,929SF

45'-5"

I7 7,929SF

45'-5"

I7 7,929SF

45'-5"

I8 7,929SF

45'-5"

45'-5"

I8 7,929SF

45'-5"

45'-5"

I9 7,929SF

45'-5"

I9 7,929SF

45'-5"

I10 7,929SF

A

45'-5"

I11 7,929SF

I12 7,929SF

I13 7,929SF

I14 7,929SF

I15 7,929SF

I16 7,929SF

I17 I18 SF SF 2,034 2,034

44'-3" 44'-3"

45'-5"

I10 7,929SF

I11 7,929SF

I12 7,929SF

I13 7,929SF

I14 7,929SF

I15 7,929SF

I16 7,929SF

I18I19 SF SF 2,034 2,034

44'-3" 44'-3"

45'-5"

B

45'-11"

82'-8"

I19 I20 2,034 2,113SF

11'-5"

22

45'-11"

SPRK./ MECH RM.

11'-5" 44'-10" 44'-3"

GARB. RM.

SOLD SOLD

I4 4,241SF

I20 2,113SF

44'-10"

HT

GARB. RM.

SPRK./ MECH RM.

SS

54'-9"

HT

HT

20'-8"

HT

20'-8"

38

35

32

29

B

A

A

B

B 3

34

33

1

39

34

SS

EX. FH

HT

38

35

32

29

www.remaxgoldrealty.com www.remaxgoldrealty.com

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

31

EX. FH

AVAILABLE FOR SALE

HT

905.456.1010 BRAMPTON 905.673.8500 MALTON 905.456.1010MISSISSAUGA BRAMPTON 905.290.6777 905.673.8500 MALTON May 23–June 20, 2020 905.290.6777 MISSISSAUGA

Industrial & Commercial Unit with E2 Zoning Starting from 7900 Sq Ft to 40,000 Sq Ft Industrial & Commercial Unit with E2 Zoning AVAILABLE FOR SALE Starting from 7900 Sq Ft to 40,000 Sq Ft 39

34

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