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Featuring: Commercial•Industrial•Franchise+Business Opportunities

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March 2–30, 2019 Volume 19 | Issue 3

Full Coverage Area Including: London • Kitchener • Niagara Falls • Hamilton • Toronto • Ottawa UNITS 420&421 TOGETHER PRESTIGE EXECUTIVE OFFICES W NE ICE R P

LARGE AND SMALL APARTMENT BUILDINGS WANTED D TE AN W

4080 sq.ft. / 2 units. Offered at Only $ 1,100,000.00

4080 sq.ft. (Double Unit Spacious Open Concept overlooking Lake Ontario) Both Units selling together with excellent Lease Income Approx. 8% Cap Rate.

D E T N WA

W AN TE D

CONTACT:

PAUl J. SzOSTAk, BROkER RE/MAX REAl ESTATE CENTRE INC., BROkERAGE TEL: 905.333.3500 EMAIL: stakteam@gmail.com

WINSTON DAVIES, BROKER OF RECORD WINCORP REALTY INC. REAL ESTATE BROKERAGE GUELPH, ON TEL: 519-836-2080 EMAIL: wjmdavies@rogers.com

643 PARKDALE AVE. N. HAMILTON

Integrity Real Estate Inc. Brokerage

Global Brokers Internet Advertising

CONTACT: JOHN CHAVEs, sales Representative jchaves@cbci.ca | D 289 291 5072 | C 416 200 3479 MICHAEL sCHuLER, senior Vice President mschuler@cbci.ca | D 289 291 5067 | C 416 274 7467

• M5 industrial zoning. • Seller in possession of documents from municipality and Health Canada allowing cannabis/marijuana micro–cultivation for medical purposes on this site. $870,000 • Site area: 0.12 acre.

4 -4 8 7 5 21 6

75% EXCLUSIVE Real Estate Opportunities NATIONAL REAL ESTATE INFORMATION LISTING SERVICE

www.nreils.com

Free to Search Everyone can search within 5 seconds

ICIWorld.com iciworld.mobi All Mobile Devices Install The ICIWorld App

CENTREVILLE COMMERCIAL UNITS – BEAMSVILLE Located in the heart of Beamsville, boutique style commercial condos to be built as part of a mixed use development. Across from major anchor retailers, and beside the Beamsville community centre and arena. 800 sqft. 5 units available. Units can be merged to create larger space. Call for further details.

FOR SALE NE corner of WILSON ST & JOHN ST N, Hamilton

NEW HIGH RISE DEVELOPMENT OPPORTUNITY!

0.6 of an acre situated at the hard corner of Wilson Street and John Street North. Currently used as office building and retail space with plenty of parking. Zoned D5 in Hamilton Downtown Secondary allowing for long term care facility, purpose built rentals, Condos etc…. up to 30 stories. For more information and to book your viewing, please contact Nicholas Kazan, Broker or Nic Von Bredow, Broker. Royal LePage Macro Realty, Brokerage 905-574-3038

BRAND NEW RETAIL SITES

FOR LEASE – New Retail Development located between Brantford and Paris along busy route. National tenant on site. Pad Site available. Inline retail units available. Call for further details.

FUTURE DEVELOPMENT LAND

FOR SALE

COMMERCIAL RETAIL DEVELOPMENT LAND – RETAIL DEVELOPMENT SITE AVAILABLE, 12.7 ACRES, ZONED C6, LOCATED ON A HARD SIGNALIZED CORNER, GREAT FOR GAS, CONVENIENCE, HOTEL, RETAIL PLAZA. LOCATED SOUTH OF HAMILTON IN UPCOMING COMMUNITY NEAR HAMILTON AIRPORT. ASKING $10.5 MILLION.

OFFICE UNIT FOR LEASE IN STONEY CREEK

ONLY 1 UNIT LEFT! Great Stoney Creek location at 589 Barton St. 1 unit available 2nd floor professional office space at 2200 sq ft space built out to 100% offices with reception, bath, and kitchen. This high traffic location has quick access to the QEW. Well maintained building with lots of successful tenants.

71 Rebecca Street is located at the northwest corner of Rebecca Street and Catharine Street North. Its unique appeal was designed with modern, sustainable vision and will serve as a distinct visual presence in the bustling Hamilton downtown urban core. Positioned adjacent to the new state of the art Police Forensics Centre (currently under construction) and fronting the soon to be built 2-acre urban city park called John-Rebecca Street Park (completion to be 2019). The 30 storey building of 71 Rebecca Street will feature 313 residential units, outdoor rooftop terraces, health and wellness amenity areas (as per Site Plan), 13,000 sq. ft. of commercial retail/ office space and 205 parking spaces. The connectivity of the site to the surrounding amenities, the Go Train and the soon to be built Light Rail Transit System is unmatched.

Nicholas Kazan,

Independently owned and operated

Brand new commercial condo unit for resale, located in the new waterfront community in Grimsby on Winston Rd. 1100 sq ft of space, completely unfinished. Call for more details.

APPROVED 30 STOREY RESIDENTIAL DEVELOPMENT SITE

Almost 50 acres of future development land Located south of Hamilton bordering urban area. Asking Price is $26,250,000 Listed exclusively

Royal LePage Macro Realty, Brokerage

COMMERCIAL CONDO UNIT FOR SALE

Broker, CCIM kazan@redhillgrp.ca Oﬃce 905.574.3038

Nicolas von Bredow, Broker, CCIM nvbredow@redhillgrp.ca Oﬃce 905.574.3038

Not intended to solicit Properties or Buyers Currently Under Contract

www.redhillgrp.ca

AVAILABLE

INVESTMENT OPPORTUNITIES

SOUTHWESTERN ONTARIO INVESTMENT TEAM

MIXED-USE DEVELOPMENT SITE

FIRST CLASS OFFICE INVESTMENT Windsor, Ontario

FULLY LEASED RETAIL & AUTOMOTIVE PLAZA

Cambridge, Ontario

Guelph, Ontario

+ ±0.23 acre site in downtown Galt + 1,800 sq. ft. commercial unit currently leased + Currently two residential rental houses

+ 7,650 sq.ft. plaza on 0.728 of an acre + Scheduled Net Income: $113,050.00 + Asking $2,375,000.00

+ + + +

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

Mel De Oliveira**CCIM 519 340 2311 mel.deoliveira@cbre.com

Brook Handysides* 519 946 3030 brook.handysides@cbre.com

SUPERIOR RETAIL INVESTMENT London, Ontario + + + +

FREE STANDING COMMERCIAL BUILDING Kitchener, Ontario

Irreplaceable location along Wellington Road 3.279 Acres with land leased to Best Buy Shadow anchored by White Oaks Mall Stable income with quality tenant

Kevin MacDougall** 519 286 2013 kevin.macdougall@cbre.com

Brook Handysides* 519 946 3030 brook.handysides@cbre.com

57 UNIT MULT-RESIDENTIAL PORTFOLIO Picton, Ontario + 55 individually titled properties totaling 57 units + Located in the growing town of Picton + Upside rental potential or individual property sell off

James Craig* 519 340 2330 james.craig2@cbre.com

London 380 Wellington Street, Suite 30 N6A 5B5 T 519 673 6444 F 519 673 6948

+ + + +

±8,020 Sq. Ft. ±0.49 acres M-3 Zoning Asking $1,699,000

Todd Cooney** 519 340 2315 todd.cooney@cbre.com

Brad Collins* 519 946 3034 brad.collins@cbre.com

RESIDENTIAL DEVELOPMENT LAND London, Ontario + 1.09 acre site for sale + Proposed 18 storey, 246 unit building + Located in London’s SoHo Neighbourhood at the gateway to downtown

Michael Black* 519 340 2313 michael.black@cbre.com

110-SUITE MULTI-RESIDENTIAL PORTFOLIO Timmins, Ontario + 4 properties with 70 suites + 40 suite building under construction; + 100% occupancy with wait lists; + Proximity to the downtown core

James Craig* 519 340 2330 james.craig2@cbre.com

23,247 sq. ft. | 1.65 acres Fully tenanted by Infrastructure Ontario Core central location Secure income plus upside

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

Waterloo Region 72 Victoria Street S., Suite 200 N2G 4Y9 T 519 744 4900 F 519 571 9315

Kevin MacDougall** 519 286 2013 kevin.macdougall@cbre.com

TRUCK/TRAILER FABRICATION INVESTMENT Guelph, Ontario + ±28,365 sq. ft. Building total + ±26,245 sq. ft. Industrial + ±2,120 sq. ft. Office

Michael Black* 519 340 2313 michael.black@cbre.com

Windsor 3200 Deziel Drive, Suite 110 N8W 5K8 T 519 252 4095 F 519 252 7554

www.cbre.ca * Sales Representative ** Broker

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.

SOUTHWESTERN ONTARIO COMMERCIAL OPPORTUNITIES

INDUSTRIAL

DEVELOPMENT

INDUSTRIAL

INVESTMENT

420 Newbold St

1269 Hyde Park Rd

21 Ube Dr

1375 Huron Church Rd

London, ON

Prime industrial building on 1.46 acres located within Westminster Park in South London 20,000 SF with 50 parking spaces One grade level door and two loading docks

ASKING PRICE: $1,295,000 Jameson Lake * 519.438.8548 jameson.lake@cushwakeswo.com

London, ON

Sarnia, ON

2 acres of development land (subject to severence) Excellent location in North West London RSC 1, 3, 5 Zoning Traffic count: approx 30,000 cars/day

Windsor, ON

Former automotive plant Total of 350,835 SF 27,700 SF office space Site area is 71.87 acres Ceiling heights from 23’ - 51’ Overhead cranes to 50 tons 14 grade level doors, 7 dock level doors

ASKING PRICE: $1,900,000

ASKING PRICE: $18,000,000

ASKING PRICE: $3,525,000

Gary Pollock** 519.941.2174 gary.pollock@cushwakeswo.com

Kenn Poore ** 519.438.5588 x 224 kenn.poore@cushwakeswo.com

Tyler Desjardine * 519.438.5403 tyler.desjardine@cushwakeswo.com

MULTI UNIT INVESTMENT

London, ON

12 unit (58 Bedroom) student condo development Gross operating income: $501,000 Total Expenses: $169,382 (includes management, leasing expenses) Net operating income: $331,618

141 Wortley Rd

London, ON

Located in the perfect setting of Richmond Row and Victoria Park 8 units total / 2 studio apartments / 6 one bedroom apartments Net operating income: $78,000

London, ON

109 7 th Concession Rd Enr, Clear Creek, Norfolfk County, On

Multi-unit commercial building in the heart of Wortley Village 6 office/retail units plus 3rd floor 1 bedroom + den apartment BDC Zoning Net operating income: $81,000

Excellent location in Norfolk County Approximately 5,100 SF of newly built warehouse 0.897 acres of land Metal Frame & Metal Clad building Sold under Power of Sale

ASKING PRICE: $6,750,000

ASKING PRICE: $1,449,000

ASKING PRICE: $1,795,000

ASKING PRICE: Best Offer

For more information: Please contact Brent Rudell or Andrew Johnson

Brent Rudell *** 519.438.5608 brent.rudell@cushwakeswo.com

Andrew Johnson* 519.438.8639 andrew.johnson@cushwakeswo.com

David Jongerden* 519.438.9125 david.jongerden@cushwakeswo.com

519.438.5588

www.cushwakeswo.com Real Estate Brokerage, Independently Owned and Operated A Member of the Cushman & Wakefield Alliance

INDUSTRIAL

324 Wolfe St

1576 Richmond St

Prime commercial investment opportunity Total building area 6,954 SF on approx. 0.88 acres Two free standing buildings Net Operating Income: approx. $198,028 / year Offering at 5.6% Cap Rate All long term leases

CUSHMAN & WAKEFIELD

Southwestern Ontario

620-A Richmond St., 2nd Floor, Box 19 London, Ontario N6A 5J9

* Sales Representative **Broker *** Broker of Record

NORTH YORK

EX C LA ESS ND

T EN LL CE SIDE X E UP

•

• •

•

This Property is Being Offered to the Market in a Bid Submission Process Information Package to be Provided upon Request Located in North York close to Transit, Schools, York University, Shopping etc. Recent Improvements to Bricks, Balconies, U/G Parking, New Boilers and HWT Tanks, New Roof (2018) and Common Areas

• 3 x Bachelor 42 x One Bedrooms 79 x Two Bedrooms 13 x Three Bedrooms • Excellent Upside in Rents • Excess Land on South Side of Property • Additional Income from Rooftop Cell Towers and Enercare Submetering • Ex. 1st Mtg of approx. $6,826,438 @ 3.01% to be Assumed

WN TO WN ION DO CAT LO

• This Property is Being Offered to the Market in a Bid Submission Process • Information Package to be Provided upon Signing of a Confidentiality Agreement

RE A OF T VI TO EWS WN

• 3 x Two Bedrooms

• Asking $208,333 per Suite • Property Currently Sound with Balcony Views overlooking the Town • Excellent Construction

Achieves Higher than Market Rents • Good Tenant Profile • Well Designed, Spacious Suites

with Energy Efficient Equipment and Insulation

• Easy to Manage Property • Parking for 5 Cars plus

• Tenants Pay Own Hydro & Heating (Electric Baseboards and Heat Recovery Ventilation)

Storage Shed at Rear of Property • Treat Financing as Clear

3 Suites

10 x Two Bedrooms • Upside in Rents on Turnover • Located near St. Joseph’s Hospital in Downtown

include concrete restoration, elevator repairs, toilet replacements and

• New Balcony Railings in 2018 • Tenants pay their own Hydro • Treat Financing as Clear

20 Suites

PARRY SOUND G

• Located in Beautiful Parry

• 10 x One Bedrooms

Hamilton

• Other improvements

137 Suites

• Asking $625,000

TR E CL AT A EA S R

domestic water

T UIL MB TO 013 S CU IN 2

OAKVILLE

HAMILTON

LE AB IX SIR M DE UITE S

• This Property is being Offered to the Market in a Bid Submission Process • Contact Skyview Realty for Financial Information on this Property • Tenants Pay Their Own Hydro with Individual Meters • Property includes a Single House on Site (Curently the Super’s REsidence)

TR E CL AT A EA S R

• Asking $1,280,000 • Asking $128,000 per Suite • Located in Residential Neighborhood close to the Falls and Tourism Area • Many Recent Improvements including Complete Electrical Updating, Common Area Improvements, and Suite Renovations

• 2 x Bachelor 8 x Two Bedrooms • Significant Unused Space in Basement Potential Development • Potential Upside in Rents on Turnover • Large Bedrooms in All Two Bedroom Units • Treat Financing as Clear

10 Suites

• 18 x Two Bedrooms 12 x Three Bedrooms 1 x House • Located in South Oakville close to All Amenities • Significant Rental Upside • Potential Turnover • Ex. 1st Mortgage for approx. $3,108,000 at 2.18% and due June 202 to be Assumed

30 Suites + 1 House

NIAGARA FALLS

NT CE TS RE EN NY VEM A M PRO IM

G LO REA CA T TIO N

HAMILTON N TO MIL IN! HA UNTA O M

NO UN VATE ITS D

• Asking $1,465,000 • Asking $162,778 per Suite • Roof Replaced in 2016 • Concrete Block Construction • Upside in Rent on Unit Turnover • Knowledgeable Superintendent

• 1 x Bachelor 1 x One Bedrooms 7 x Two Bedrooms • High Demand Rental Location • Tenants Pay Their Own Hydro • 4.0% CAP Rate • 6.9% R.O.I. • Treat Financing as Clear

9 Suites

8 MAIN ST. E. HAMILTON

OFFICE SPACE

Close to the Court House, City Hall and McMaster. Available immediately. Downtown office space from 678 - 1285 sq. ft. Insert - $800.00 monthly

QEW & CENTENNIAL PARKWAY 45 GODERICH

OFFICE SPACE

FORMERLY USED FOR DOCTOR’S OFFICES 1488 sq. ft. - 1955 sq. ft. available. Plenty of parking and signage. Easy access to QEW. Rent from $11.50 per sq. ft.

Tony DeSantis

905-777-0252 ext 304 E-mail:

info@desantis.com

www.desantis.com Meet the Team: Synercapital Investment Realty -- a boutique full service commercial real estate brokerage since 2009 Meet the Team: Meet the Team: Synercapital Investment Realty Synercapital Investment Realty -- a boutique full service commercial real estate -- a boutique full service commercial real estate brokerage since 2009 brokerage since 2009

John Hughes Kwesi Bourne Sarah Kirwan Scott Lavergne Broker of Record Broker Sales Representative Sales Representative john@synercapital.ca kbourne@synercapital.ca skirwan@synercapital.ca slavergne@synercapital.ca John Hughes Kwesi Bourne Sarah Kirwan Scott Lavergne (613)John 860-3500 x 400 (613)Kwesi 860-3500 x 410 (613)Sarah 860-3500 x 420 (613) 860-3500 x 440 Hughes Bourne Kirwan Scott Lavergne Broker of Record Broker Sales Representative Sales Representative John Hughes Kwesi Bourne Sarah Kirwan Scott Lavergne • Broker Multi-family • Multi-family of Record •skirwan@synercapital.ca Multi-family up to • Sales Multi-family Broker Sales Representative Representative john@synercapital.ca kbourne@synercapital.ca slavergne@synercapital.ca Broker of Record Broker Sales Representative Sales Representative • john@synercapital.ca Industrial 12 860-3500 units •kbourne@synercapital.ca Land & Develop(613) 860-3500 x 400 (613) 860-3500 x 410 (613) x 420 (613) 860-3500 x 440 • Seniors housing skirwan@synercapital.ca slavergne@synercapital.ca john@synercapital.ca ment Commercial • (613) • Multi-family kbourne@synercapital.ca • Multi-family skirwan@synercapital.ca • Multi-family slavergne@synercapital.ca • Multi-family 860-3500 x 400 (613) 860-3500 x 410 • (613) Office/Retail (613) 860-3500 x 420 860-3500 x 440 Leasing 860-3500 x 400 Office/Retail 860-3500 x 410 (613) • Industrial • (613) • Land & Development up to 12 units (613) • Seniors housing (613) 860-3500 x 420 860-3500 x 440 • Multi-family • Multi-family • Multi-family up to • Multi-family • • Commercial Leasing • • Office/Retail • • Office/Retail Multi-family Multi-family • Multi-family up to Multi-family • Industrial 12 units • Land & Develop• Seniors housing • Industrial 12 units • Land & Development • Seniors housing • Commercial ment synercapital.ca • Synercapital Commercial • Office/Retail Brokerage. Leasing Investment Realty. • Office/Retail • Office/Retail Leasing • Ottawa, Office/Retail 1376 Bank Street, Suite 500. Ontario K1H 7Y3 613.860.3500 6

Synercapital Investment Realty. Brokerage. Synercapital Investment Realty. Brokerage. 1376 Bank Street, Suite 500. Ottawa, Ontario K1H 7Y3 1376 Bank Street, Suite 500. Ottawa, Ontario K1H 7Y3

synercapital.ca synercapital.ca 613.860.3500 613.860.3500

10-14 PRINCESS ST E, WATERLOO

$ 1,590,000

• Two residential properties with redevelopment potential in great Uptown Waterloo location • 0.125 acres of land • Zoned U1-81 Uptown Commercial Core with opportunity to mix commercial on ground floor and residential above • If purchased as part of a land assembly could qualify for between 12 - 55 units • Convenient location close to LRT, shopping, restaurants, recreation, park and schools • Easy access to Highway 85 and 7 with connection to Highway 401 • Currently generating income which could be maintained while development possibilities are explored and permits applied for • MLS and Exclusive • Call Duncan McLean

$1,400,000

466 FINKLE ST, WOODSTOCK

• Apply For Permits and Build in Woodstock! • 18 unit residential fully serviced, condo development site • Steps to new hospital and Fanshawe College Woodstock Campus • Site Plan approved with floor plans, geotech and all studies • MLS • Call Ryan Briggs

$1,095,000

193 WATER ST S, CAMBRIDGE

• 4.84 acres of natural open space land • Currently zoned OS1 • Close to the Grand River and Churchill Park • Pre-Consultation document proposing low to medium density residential with between 40 - 48 units is available • MLS • Call Duncan McLean

$599,900

1257 KING ST E, CAMBRIDGE

• Rare 0.237 acre multi-family residential • Underground parking design fits topography development land in Preston • Convenient location for transit, shopping, park & hospital • Potential for 7 to 22 units • MLS • Call Duncan McLean

$25-$40/SF

255 NORTHFIELD DR, WATERLOO

1120 VICTORIA ST N, KITCHENER

$15/SF

$27/SF

WANTED APARTMENT BUILDINGS IN SOUTHWESTERN ONTARIO

• 2,135sf 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

• Qualified Buyers looking for multi-family and residential apartment buildings throughout Waterloo Region and Southwestern Ontario • Experienced and institutional Buyers • Single properties or portfolios considered • Call Neil Koebel

RYAN BRIGGS

519-741-6594

Neil@cmarealty.ca

DUNCAN MCLEAN

Sales Representative

Broker of Record CELL:

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

• 2,622sf retail/office unit for lease • Join tenants the Beer Store, Casey’s Bar & Grill, Subway, Holy Guacamole and many more • 600sf Office on main floor also available, ideal for personal service or medical • CAM for 2018 is $9.00/sf • MLS • Call Duncan McLean

NEIL KOEBEL

519.578.0337

$249,900

• High visibility corner of Bridge & Northfield • 1,000 - 9,505sf inline and pad sites, one with drive through potential, to be constructed • MXC zoning permits many uses • Complex will include 250 residential units • 15 minute walk to future Light Rail Transit route • Great location with convenient access to expressway, shopping, restaurants & public transit • MLS • Call Duncan McLean #106-191 KING ST S, WATERLOO

KITCHENER, ONTARIO

#3 - 35 CHERRY BLOSSOM RD, CAMBRIDGE

CELL:

519.498.5775

Ryan@cmarealty.ca

Sales Representative CELL:

519.590.7997

Duncan@cmarealty.ca 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

INDUSTRIAL BUILDING LOTS LOT 11-1 Farrell Drive Bruce Energy Centre, Kincardine N0G 2T0 7.31 Acres Price: $2,777,800 LOT 6-1 Farrell Drive Bruce Energy Centre, Kincardine N0G 2T0 9.07 acres Price: $2,721,000 LOT 2-1 Farrell Drive Bruce Energy Centre, Kincardine N0G 2T0 8.81 acres Price: $3,347,800

DESIGN BUILD BUSINESS COMBINATION Office / Industrial / Warehouse Complex for long term lease available 103 FARRELL DRIVE BRUCE ENERGY CENTRE, KINCARDINE N0G 2T0

$7,950,000 FO

11.47 acres of commercial redevelopment land in the Bruce Energy Center, Kincardine. Conveniently located 2.5 km to the access gates to Bruce Power. Currently 5 buildings totalling 41,000 sf, power – 8000 amp substation, municipal sewers and industrial water. This property is available for immediate possession.

165 KINCARDINE HIGHWAY, WALKERTON

INDUSTRIAL*

214,810 sf of manufacturing facility including 32, 880 sf of bright office space. Situated on 21.19 acres at the intersection of Highway 4 and 9 in Walkerton. Power – 4,200 amp substation, municipal sewers and water, 9 loading docks, fully fenced yard. This property is available for immediate possession. Approximately 183 km north west of Toronto and 47 km south east of Bruce Power.

contents 12 18 24 25

INVESTMENT

How steel tariffs affect the GTA industrial market

THE ECONOMY

Will there be another recession?

BUSINESS SAVVY

The pros and cons of buying a business

31 32 34

NEXT ISSUE:

March 30, 2019

INVESTMENT

Menkes to revitalize 320 Bay Street

ADVERTISING DEADLINE:

REAL ESTATE

Canadian luxury properties forecast to appreciate in 2019

March 13, 2019

LEGALLY SPEAKING

Condo owners: What is a special assessment?

BUSINESS

Small business tax measures for 2019

REGIONS Kitchener, Waterloo & Guelph ......... 10 Southwestern Ontario ........................19 Hamilton ............................................20 Greater Toronto Area .........................26 Central Ontario ...................................31 Niagara...............................................35 Business Investors ............................39

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 & COORDINATOR Alicesa Pullan GRAPHIC DESIGNERS Miguel Cea, Sandra Hanak, Tammy Leung, Johannah Lorenzo, Mike Terentiev, Kathleen Walker, Alice Wu, Hannah Yarkony 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 2019. 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

SALE

170 University AvenUe West, WAterloo

SALE

69-73 dicKson street, cAmbridge

1193 QUeens bUsh roAd, Wellesley

SALE

eR D n t U c A ntR o c • Business Opportunity, well established franchise • Excellent income for owner/operator, with sales exceeding most fast food restaurants • 1,659 sq ft • $549,000 MLS

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

1250 Fischer hAllmAn roAd, Kitchener

• High density development site at the intersection of Fischer Hallman & Bleams Road • Located next to grocery anchored plaza • 1.97 acres • $5,900,000

MLS

• Historic Brick, mixed use building across from City Hall in Downtown Galt • Rare investment opportunity for investor or owner/user • 3,328 sq ft • $730,000

SALE

MLS

197-199 dUndAs street, london

534 QUeens AvenUe, london

SALE

• 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

• Business with Property, Investment Opportunity • Main floor commercial fully operational as Nith River Chop House • Potential income from 2nd & 3rd floor residential • 10,000 sq ft on 0.202 acres • $1,100,000 MLS

417 exeter roAd, london

• 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

MLS

SALE

• Office Investment Opportunity • 65% of the building leased to Government tenants • 7% cap rate on existing income • 35,222 sq ft on 2.567 acres • $9,000,000 MLS

1314 Fischer hAllmAn roAd, Kitchener

• High density residential development site to be severed from new grocery anchored retail development, Spring 2019 start. • Preliminary designs for 418 suites in 3 buildings • 4.81 acres • $10,580,000

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

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

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

March 2–30, 2019

Kitchener/Waterloo Guelph & Cambridge

519.742.7000 www.coupalmarkou.com

1113 sUTTon sTreeT, KinKarDine

LEASE

49 QUeen sTreeT easT, camBriDge

LEASE

25 inDUsTrial Drive, elmira

D e S eA

• Great opportunity for the restaurateur • Fully equipped restaurant in excellent condition • Great signage, visibility and parking • 4,560 sq ft • $14.00 / sq ft Net

• Brand new corner retail unit located in high end apartment tower • Opportunity for a large outdoor patio • 1,601 sq ft • $15.00 / sq ft Net

mls

LEASE

231 shearson crescenT, camBriDge

mls

LEASE

15 Barnswallow Drive, elmira

• 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

• Newly proposed plaza in the west end of Elmira • Located in a growing, established major intersection • Units from 1,173 – 10,000 sq ft • $20.00 / sq ft Net

sTreeT soUTh, LEASE #8a – 250 DUnDas camBriDge

LEASE

• AAA plaza with plenty of on-site parking • Ideal uses for this space could include: office, retail, hair salon, medical, learning center, etc. • 1,200 sq ft • $22.00 / sq ft Net

• Large, bright and airy office space in the JM Schneider House • Located on the main floor in a secured building with its own entryway and large wood paneled boardroom • 1,575 sq ft • $26.00 / sq ft Gross

EXClUsIVE

mls

• Busy office/retail plaza in Elmira, just minutes from North Waterloo • Zoning allows multiple uses • 1,925 sq. ft. • $16.00/sq. ft. net

mls

379 QUeen sTreeT soUTh, KiTchener

mls

LEASE

King sTreeT wesT, KiTchener

• Newly designed open concept office/tech space in Downtown Kitchener • Available Spring 2019 • Private elevator • 5,200 sq ft • $20.00 / sq ft Net EXClUsIVE

LEASE

3-347 erB sTreeT wesT, waTerloo

• Retail space in high profile plaza • Ample on-site parking • 600 sq ft • $28.00 / sq ft Net

mls

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

March 2–30, 2019

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

investment

Steel tariffs: How it affects the Canadian steel exports represented about one per cent of all steel exported globally in 2017 and makes up close to 10 per cent of the export volume of the world’s largest exporter, China.

The main concern for Canada, as of late, are tariffs on steel exports made to the U.S. Canada represents the largest share of U.S. imports at 20 per cent (3.3 million metric tons) year-to-date through June 2018, according to the Global Steel Trade Monitor by the International Trade Administration. Exports to Canada’s top two steel markets represented 97 per cent of Canada’s steel export volume (3.6 million metric tons) of which the U.S. makes up 91 per cent.

Politics in the metals market

On June 15, 2018, the U.S. announced tariffs equivalent to 25 per cent on steel and 10 per cent on aluminum affecting Canada, the EU and other 12

nations directly. Canada responded by placing tariffs on steel and aluminum imported from U.S., and applied import quotas and a 25 per cent tariff on steel imports from China and other countries. This was imposed to avoid Canada becoming a dumping ground for steel due to tariffs imposed by the U.S. Specifically, the 25 per cent tariffs are levied on foreign steel where the level of imports “exceeds historical norms” which is meant to protect domestic producers from large volumes of cheap steel that would have otherwise been consumed by the U.S. Although this effort is intended to protect Canadian steel producers, it is not favourable for the commercial real estate industry, particularly real estate

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

developers that use steel as an input. Structural steel (referred to as long steel) is predominately used for building industrial structures. Canadian domestic mills have the capacity to produce only about 50 per cent of domestic demand according to the Canadian Coalition for Construction Steel (CCCS). Furthermore, the U.S. has the majority share of long steel exports destined for Canada at 55 per cent (778 thousand metric tons), leaving Canadian real estate developers in a vulnerable position as they may equally rely on foreign sources.

Steel prices per sq. ft. basis increased nearly 40 per cent

According to the CCCS, the price of steel used for construction projects across Canada has soared by about 38 per cent in 2018 due to a booming real estate market and supply constraints. Anecdotal data suggests structural steel costs have been on a steady increase from $4.50/sq. ft. in 2014 to $9/sq. March 2–30, 2019

From 2010-2018. GTA industrial net rental rates have increased 4.7 per cent

GTA industrial market ft. in 2018. This represents an annual compounded increase of 19 per cent over the four-year period, according to a leading steel fabricator located in the GTA. More recently, a year-over-year price increase is more dramatic as structural steel prices have increased 38 per cent to $9/sq. ft. in 2018 from $6.50/sq. ft. in 2017. Despite the 25 per cent tariff applied on imports that supply half the steel used in construction, steel prices on a per square footage basis have gone up nearly 40 per cent. How did this happen? To explain the other side of the equation, the analysis also considers recent growth in wages of steel fabricators. In the GTA, hourly wages on average for steel fabricators have increased 33 per cent to $20/hour in 2018 from $15/hour in 2017 according to a leading GTA steel fabricator.

Landlord-developers are increasing rental rates

The increases in the price of steel March 2–30, 2019

over the past year makes pricing very unpredictable, since deals signed on new development projects typically takes nine to 12 months to complete while the price of steel is fixed for only 30 days. If the price of steel increases after a lease is signed, developers bear the loss, which may have a dramatic impact on less well-heeled developers. To offset this risk, larger landlorddevelopers may increase net rental rates on new developments. The rental increase is reinforced by pure-play landlords’ lack of growth opportunities in new development due to the combined impact of increased industrial land scarcity and lengthy site plan approval times, justifying an increase in rental rates on existing properties to steadily grow profitability. This has certainly been experienced recently by tenants. From 2010-2018, GTA industrial net rental rates have increased 4.7 per cent on an annually compounded basis. However, when narrowing the timeframe to rental rate

performance over the past three-yearand one-year-basis, net rental rates have increased 10.3 per cent (on an annually compounded basis) and 15.5 per cent, respectively.

Tariffs and domestic labour costs contribute to increases

Asset managers are being forced to model higher asking rents on new development projects to meet the required internal rate of return given the increase in development costs. With Q4 2018 industrial availability rate across the GTA at a record low (1.4 per cent), the on-going increases in the price of steel exports are driving net rental rates higher on many new developments. Furthermore, given the strong market fundamentals, building owners with current availabilities can expect further rental increases over the medium term. CI Source: Colliers International

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

Kitchener/Waterloo Guelph & Cambridge

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

HomeLife Power Realty Inc., Brokerage*

385 Frederick Street, Unit 32 Kitchener, Ontario N2H 2P2

Y ALL

,90

999

$2,

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900

99,

1,4

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Development Opportunity 575 Glen Forrest Blvd, Waterloo ON

410 Hazel Street, Waterloo ON

Rare 0.73 Acre Development Land Opportunity with C3-10 Zoning allowing for a combined Commercial & Residential 3- Floor Development in Waterloo West. C310 Zoning also allows for many commercial and retail uses. Phase 2 Environmental Completed showing it as a clean site. Adjacent to Park, Residential, and Retail. Easy Access to the LRT, Parks, Schools, Services, and Shopping. Walking distance to David Johnson Research + Technology Park (University of Waterloo)

Great Investment Opportunity in Waterloo with Potential for future redevelopment with newly approved RMU-20 Zoning. Easy access to both University of Waterloo and University of Laurier! Currently Rented to Residential Tenants. Controlled entry. Turnkey investment with Onsite Super who manages and maintains the property for you. Currently, 100% rented. Could be purchased in conjunction with 413 Hazel Street.

c. Centre In r, ON. eal Estate ene Re/Max R unt Rd. E., Kitch o m 720 West 950 19-741-0 rakic.com Office: 5 c@matt ki ra M : il Ema matte alestate realestate ttrakic.re twitter @ ttps://fb.com/ma h e facebook reas sinc

,90

399

$1,

413 Hazel Street, Waterloo ON Great Investment Opportunity in Waterloo with Potential for future redevelopment with newly approved RMU-20 Zoning. Easy access to both University of Waterloo and University of Laurier! Currently Rented to Residential Tenants. Updates made to roof, windows and patio doors, Veissman boilers, commercial hot water tank and ionizer for water softening in the last 8 years. ﬁre code retroﬁt completed. Controlled entry. Turnkey investment with On-site Super who manages and maintains the property for you. Above Average Return on Investment. Currently, 100% rented. Could be purchased in conjunction with 410 Hazel Street.

*Independently Owned and Operated

Matt Rak

1984!

519-496-

www.ma

Broker

8777

ttrakic.c

Commercial/Land Listing, MLS 30692214 $2,700,000.00 Rare opportunity! 0.6 Acre MU2 Zoned Mixed Use Development Site in Downtown Kitchener includes 3 properties Sold Together as package. Located across Via/Go Rail Station and within walking distance to Future Transit Hub, Google Offices and other Tech Employers. Each property includes a building. Value in land. 14

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

March 2–30, 2019

Kitchener/Waterloo Guelph & Cambridge

www.teammilovick.com

519-745-7000

Grand Valley Realty

BROKERAGE INDEPENDENTLY OWNED AND OPERATED

Unit 15C, 370 Highland Road West, Kitchener, ON N2M 5J9 fax: 519-489-1333

Mike Milovick B.B.A., CCIM, Broker mike@teammilovick.com

Jennifer Shingler

www.TeamMilovick.com

Invest in Ontario’s Number 1 Town Today!

Sales Representative jenn@teammilovick.com

Subscribe: Latest KWC Real Estate News: www.FaceBook.com/TeamMilovick 110 MADISON AVENUE SOUTH, KITCHENER

28 ELMSDALE DRIVE, KITCHENER

LY L A ON

D L O

249 HAZEL STREET, WATERLOO

DI N O C

2,999,000

• $219,000+ Gross Annual Income Available Here! • Newer Stacked Townhouse Development • Beautifully landscaped • No deferred maintenance • Suite includes: 4 appliances, laundry, colonial series door/trim, laminate flooring • Close to all amenities • MLS®

2,999,000

• $186,000+ Gross Annual Income Available Here • Built in 2016, everything is new • Suite includes: 5 appliances, laundry & dishwasher, laminate flooring, soaker tub, A/C, • Close to all amenities • MLS®

251 HAZEL STREET, WATERLOO

1,199,000

• $68,000+ Gross Scheduled Income • Ten Student Duplex • Re-rented until at least end of August, 2020 • Steps to WLU main entrance - and WLU Business Building in the backyard! • Land play opportunity with high density NMU-12 zoning when combined with adjacent properties. • MLS®

599,900

March 2–30, 2019

1,300,000

• $96,000 Gross Annual Income Scheduled for September, 2019! • Three doors from main entrance to WLU and 15,000+ Students • Re-rented on Multi-Year Leases until at least August, 2020 • Roof (2016), Fridges and Stoves (2018) • All Units Painted in Past Two Years • Oversized Shed Ideal for Landlord Storage • Spacious units with In Suite Laundry • MLS®

109 BRUCE STREET, KITCHENER

739,900

43 EUCLID AVENUE, WATERLOO

• $38,500+ Gross Annual Income Available Here! • Entry Level Apartment Building • Two 2 bedroom units, Two bachelor units • Desirable Romseount/Heritage Park area • Oversized/divided double car garage • Shows clean with updates • MLS®

389,900

604B-275 LARCH STREET, WATERLOO

• $2239 Gross Monthly Income • Massive, 1400 SF, Three Bedroom UnitAvailable Here! • 5 Years Young! • Contemporary Finishings that Students Love • Steps to WLU, Easy walk to UW • MLS®

699,900

• $42,000+ Potential Gross! • Rental Licensed, Legal Triplex • Three Class A3 Rental Licences • Unbeatable Uptown Waterloo/Old Westmount Waterloo location! • Easy walk to two LRT Stations • Oversized detached double garage with Loft! • MLS®

304-8 HICKORY STREET WEST, WATERLOO

45 HIGH STREET, WATERLOO

• $50,000+ Gross Annual Income • Multiyear Leases Until At Least August, 2019 • Positive Cash Flow With Just 20% Down • Single Detached Garage • Main Floor Unit Completed Updated • City Approved Rental Licensed Operation • Desirable 5+3 Bedroom Lay Out • Easy Walk To Uw And Wl • MLS®

D L O S

289,900

• Under construction. • Assignment opportunity. • One Bedrom Plus Den • $1350 Monthly Income • Two Year Developer Income Guarantee • Furniture Package Included • Across Street from WLU Business Building • Interim Occupancy Expected January, 2019 • MLS®

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

Kitchener/Waterloo Guelph & Cambridge

3,058 SF · $18.00/SF · MLS: 30584437 WATERLOO · Beautifully finished office. Centrally located to K-W and GUELPH. Large wrap around windows. Mix of private offices/ meeting rooms & open space. Colin Vogel*

heart of Waterloo's University District. Over 1,500 new students coming in to immediate 2,500 SF · $14.00/SF · MLS: 30634186 · area in 2018. All equipment could be included. CAMBRIDGE ·Space offers a perfect spot for 8 parking spaces. Lester Tobin* any business that needs Office and Warehouse space. Ideal for HVAC, Water Softener and 1,159 SF · $13.00/SF · MLS: 30711199 · Cellphone Shop Uses. Chris Kolednik** KITCHENER · Nicely finished Retail/Office unit 1,143 SF · $10.00/SF · MLS: 30709843 · in busy Rosemount Plaza. Ample on-site 3,144 SF · $12.00/SF · MLS: 30696919 · WATERLOO · Bright, well located office space. parking James Boudreau**/Gary Boudreau* KITCHENER · Affordable office space just off James Boudreau**/Gary Boudreau* 1,094 SF · $11.00/SF · MLS: 30711170 · KITCHENER · Office unit in busy Rosemount Plaza. Ideal for medical or other Office uses. Ample on-site parking. James Boudreau**/Gary Boudreau*

1,177 SF · $16.50/SF · MLS:30707066 5,800 SF · $685,000 · MLS: 30599428 · AYR James Boudreau**/Gary Boudreau* KITCHENER · Direct frontage on King E. In Located at the gateway to Urban Ayr. Ideal for oﬃce, vet., or place of worship. Colin Vogel* 1,162 SF - 1,779 SF · From $22.00/SF · MLS: 30635440 · BRESLAU · New Retail Steve Gerakopulos* 32,000 SF · $16.95/SF · MLS: 30689959 · Development in a growing, under-serviced WATERLOO · Well located AAA Oﬃce Space. 2,006 SF · $35.00/SF NET · EXCLUSIVE James Boudreau**/ to approx. 8,000 SF. drive-thru available. WATERLOO · Turn-Key spa with liquor li- Divisible Gary Boudreau* James Boudreau**/Gary Boudreau* cense. Located in the heart of the University

District.

Main

ﬂoor

“The Hub” Lester Tobin* 532 SF · $1,199/Month · MLS: 30664627 · WATERLOO · Finished 2nd floor office. 3 2,792 SF · $21.00/SF · MLS:30703174 large windows. High traffic intersection. Colin Vogel* KITCHENER · Newly constructed retail 24/7 electronic reader board. plaza with high exposure and traffic. Centrally located near highschool, sportsplex, 793 SF · $22.00/SF · MLS:30656762 WATERLOO · Turn-key doctors office, Lester Tobin* chiropractor, RMT’s office in retail plaza with ample on-site free drive-up parking. High Lester Tobin* 3,165 SF · $11.00/SF · WATERLOO traffic location. MLS: 30653390 · Bright second floor space. Abundant on site parking High traffic @ King 523 SF · $39.00/SF · MLS: 30662378 · and Columbia. John Hoffman* WATERLOO New retail unit with patio. Located in the heart of the University District. Lester Tobin* 2,762 SF · $499,000 · MLS:30699353 KITCHENER · Investment or Owner/User Property. Fully rented on a Month to Month 3,000 SF · $28.00/SF · MLS: 30637864 basis. On-Site Parking. Lester Tobin* KITCHENER · Freestanding pad site with drive-thru. Ample on-site drive up parking. Lester Tobin* 1,100 SF · $1,975/Month · MLS: 30673625 · WATERLOO · Quiet, peaceful 3,000 SF · $650,000 · MLS: 30703319 office unit. Located in the trees. Walking KITCHENER · Unique opportunity to own a distance to Uptown shopping area. Onsite mixed use Commercial/Residential building parking. Lots of windows and sky lights. steps from Downtown Kitchener! Call for Lester Tobin* more info. Chris Kolednik**

www.coldwellbankercommercial.ca 3,961 SF · $28.00/SF · MLS: 30637876 · 2,332 SF · $20.00/SF · MLS: 30637835 KITCHENER · Freestanding building w/high KITCHENER · Last unit available in new Email : Commercial@coldwellbankerpbr.com ** Broker exposure & high traﬃc. Ample on-site drive up retail plaza. High exposure - High traﬃc. Onparking. Lester Tobin* site drive up parking. Lester Tobin*

www.coldwellbankercommercial.ca www.coldwellbankercommercial.ca Email : Broker ****Broker Email :Commercial@coldwellbankerpbr.com Commercial@coldwellbankerpbr.com 16

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

I N D U S T R I A L / WA R E H O U S E FOR LEASE/SALE INDUSTRIAL/OFFICE FOR LEASE · BRIGHT, ON. MLS:30707996 · 5,250 SF · $5.25/SF Located minutes from Hwy #401. 400 amp, 16’ ceilings. One 18’ x 14’ drive door. Outdoor storage. Lester Tobin* INDUSTRIAL/OFFICE FOR LEASE · BRIGHT, ON. MLS:30708000 · 6,612 SF · $5.25/SF Located minutes from Hwy #401. 600 amp, 17’ ceilings, 3 cranes, 1—dock, 2 drive-in doors. Outdoor storage. Lester Tobin* FLEX-INDUSTRIAL SPACE FOR LEASE KITCHENER MLS:30660801 · 9,253 SF · $6.50/SF MLS:30661466 · 6,168 SF · $4.50/SF MLS:30661473 · 2,145 SF · $8.00/SF · Turn-key ﬂex, industrial building w/built out oﬃce+warehouse/lab. Steve Gerakopulos* 18,000 SF · 4.2 Ac. $13.99/SF · MLS:30679183 · CAMBRIDGE · Well * Sales Representative located Truck Yard w/Cross Docking & Storage. ** Broker Feet from hwy# 24 exit-Cambridge. Turnkey truck yard with parking cross docking and warehousing. Steve Gerakopulos*

SalesRepresentative Representative ** Sales Broker ****Broker March 2–30, 2019

Kitchener/Waterloo Guelph & Cambridge

COLDWELL COLDWELLBANKER BANKERCOMMERCIAL COMMERCIAL PETER PETERBENNINGER BENNINGERREALTY, REALTY, BROKERAGE BROKERAGE 508RIVERBEND RIVERBENDDRIVE, DRIVE,KITCHENER, KITCHENER, ON. ON. 508 PHONE: 519-743-5211 PHONE: 519-743-5211 COLDWELL BANKER COMMERCIAL 11,000 SF on +1,859BENNINGER SF Bungalow REALTY, House · 68.02 Ac · $2,385,000 · EXCLUSIVE · PETER BROKERAGE $850,000 MLS: 30701902 · 117 East Road · CAMBRIDGE ·Under consideration to change 508 RIVERBEND DRIVE, KITCHENER, ON. Lions Head, ON. Many uses permitted. OP designation to industrial. Peter Benninger** PHONE: 519-743-5211 Possible medical marijuana grow op. Youtube: Property Address for Marketing Video. 1 Ac. · MLS: 30697875 · $1,050,000 · Eric Frey* KITCHENER · Available for commercial redevelopment in expanding area of Kitchener30,000 SF · 6.82 Acres · $1,299,000 · MLS: Waterloo boundary. Many uses permitted. Call Chris Kolednik** 30702941 · 607 Little Pike Bay Rd. Lions for More Details! Head, ON. Previous use was manufacturing. High Power Available. High Ceilings. Google Ad- 0.80 Ac. · MLS: 30686210 · $990,000 · dress for Marketing Video. Eric Frey* CLARINGTON · Corner lot located on HWY #2 between Courtice & Bowmanville. Zone change required (C4) Call for list of potential INVESTMENT uses. Lester Tobin*

FOR SALE

ST JACOBS BANQUET HALL/RESTAURANT 8,000 SF,4.3 Ac · $2,100,000 · MLS: 30704935 Extensive renovations to building and grounds. Includes furniture/cooking equipment. Site includes a freestanding home. Steve Gerakopulos* 1,280 SF · $89,000 · EXCLUSIVE · KITCHENER Well established business since the 1970’s. High income-high sales. No franchise. Owner will train. Lester Tobin*

M U LT I - FA M I LY FOR SALE

+/- 107.50 acres combined · Exclusive· “Buy and Hold” land opportunity available. Located MULTI-FAMILY INVESTMENT +LAND FOR SALE INVESTMENT PLAZA · KITCHENER immediately adjacent to the City of Waterloo 18,000 SF Existing Building · $3,988,000 · 10,656 SF & 10,624 SF · $6,900,000 · Boundary within the Township of Woolwich. KITCHENER · MLS:30689005 · Fully Rented and EXCLUSIVE · New retail plaza 2016. Long term Renovated 20- Unit Building. Excess Land leases. New residential developing area. Future Development. Call for details. Building Permit Ready for 18 Stacked TownLester Tobin* Colin Vogel*/Peter Benninger** house Units. Marketing Package and Development Materials Available. Eric Frey* INVESTMENT PROPERTY | BROCKVILLE, ON. 140,000 SF on 27.4 Ac.·$13,900,000 · MLS: HIGH DENSITY MIXED USE DEVELOPMENT 30707132 Fantastic Investment Opportunity KITCHENER · 3.25 Ac · $4,250,000 · EXCLUSIVE with existing income. Event center Frontage on 2 major Streets at the gateway to For Commercial Real Estate Solutions w/accommodations, weddings/events/retreats downtown KITCHENER Excellent access to in Canada's Technology Triangle, conferences/medical/rehab Onsite church, full Hwy 401 via Hwy 8 Directly on contact any one of our sales transit route. gym, soccer field. John Hoffman* proposed light rail representatives, Peter Benninger**/Colin Vogel* or call 519-743-5211 RETAIL/REDEVELOPMENT SITE FOR SALE KITCHENER · 1,586 SF/0.12 Acres · $899,000 MLS: 30616343 Unique High Profile Location. Peter Benninger** Ext. 3000 BUSINESS FOR SALE Corner Lot beside farmers market. Great Gary Boudreau * Ext. 3029 redevelopment site, parking lot, etc. Lester Tobin*

LAND FOR SALE

2,456 SF · $269,000 · MLS: 30665548 KITCHENER Successful business. Great Franchise. Business Only. Gary Boudreau*

RESTAURANT/PUB BILLIARDS OFF TRACK BETTING 4,950 SF · $650,000 · MLS: OUTDOOR STORAGE/LAND FOR LEASE 30686159 · KITCHENER · Well established BRIGHT, ON. MLS:30708007 · 1/2 Acre · Pub/Billiards/Restaurant w/liquor license for $2,000/ Month · Located minutes from Hwy 150. High sales, High income. Lester Tobin* #401. 600 amp, 17’ ceilings, 3 cranes, 1—dock, 2 drive-in doors. Outdoor storage. GUELPH CAR WASH, GAS STATION & LUBE Lester Tobin* SHOP W/PROPERTY · 5,873 SF · $2,700,000 www.coldwellbankercommercial.ca 1.44 Ac · MLS:30698798 · $680,000 · MLS: 30644230 · Gas station with propane, PUSLINCH TWP. One of the last lots available automated carwash and lubeshop business Email : Commercial@coldwellbankerpbr.com ** Broker on Maltby Rd. 250’ x 250’ ﬂat. Nice setting. with property on 1.05 acres. Environmental Lester Tobin* John Hoﬀman* reports completed.

www.coldwellbankercommercial.ca www.coldwellbankercommercial.ca Email : Commercial@coldwellbankerpbr.com ** Broker

Email : Commercial@coldwellbankerpbr.com ** Broker

March 2–30, 2019

James Boudreau **

Ext. 3020

Eric Frey*

Ext. 3118

Steve Gerakopulos*

Ext. 3037

Bill Halpenny*

Ext. 3120

John Hoﬀman*

Ext. 3040

Chris Kolednik**

Ext. 3106

Eric Reiner*

Ext. 2099

Lester Tobin*

Ext. 3023

Colin Vogel* Ext. 3110 * Sales Representative Harmony Voisin*

** Broker Ext. 3117

* Sales Representative

* Sales Representative ** Broker ** Broker Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

theeconomy

Soft landing for the economy

not a recession The most frequently asked question economists hear these days is: When will the next recession be? After 10 years of growth, many people believe a recession is inevitable.

The growing level of uncertainty in the global economy and the choppy performance of the stock market have contributed to the unease. However, recessions don’t happen just because the economy has been growing for a decade. Looking back at past economic cycles in Canada, we see that recessions have been caused by either aggressive interest rate hikes or by some sort of a shock to the economy. So, are we going into a recession, or is the economy headed for a soft landing?

When the inflation rate hit 12 per cent, the Bank of Canada responded by boosting rates to 19 per cent. The strategy worked; inflation subsided, but the high interest rates caused a serious recession. In 1991, the culprit was a spike in oil prices, causing a worldwide recession. More recently, a housing bubble in the United States created a financial crisis in 2007-08 that was followed by another serious global recession. Finally, a 60 per cent plunge in oil prices in 2014 sent Canada into a sixmonth recession.

Learning from the past four recessions

With inflation under control, interest rates will remain low

Canada’s economic history illustrates what causes recessions. The first one, in 1981, was caused by a sharp increase in interest rates. 18

As we have seen, recessions are caused by significant rounds of interest rate hikes or by a shock to the economy, most recently depressed oil

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

prices or financial imbalances. What will cause the next recession? Over the last two years, interest rates have been increasing but at a very modest pace by historical standards. Indeed, inflation is currently below two per cent. It means there is no pressure on the Bank of Canada to significantly boost interest rates to control inflation. With no inflationary pressure, the bank can continue to increase rates in keeping with the economy’s growth prospects. Currently, the economy is gearing down, and the Bank of Canada has responded by slowing the pace of its rate increases. The risk of sharply higher inflation is low, and therefore, we can expect interest rates to remain relatively stable. On this front, there is no reason to believe a recession is in the offing.

The threat of oil shocks

As mentioned above, two of the last four recessions in Canada were caused by an oil shock. Canada’s vulnerability to sharp price drops is smaller today because the oil sector’s March 2–30, 2019

Southwest Ontario

share of investment in the economy is half of what it was in 2014. As well, oil prices have been recovering from its most recent fall and are expected to continue to rise in 2019.

Is there a danger from financial imbalances?

Financial imbalances caused by over-valued assets can also provoke a recession. The significant increase in housing prices in Canada over the last decade created imbalances in different parts of the country, especially in Toronto and Vancouver. Consequently, the consumer debt ratio of Canadians has increased significantly. With interest rates rising, Canadians are spending more of their

income to repay interest, and this has the effect of reducing their spending on other things. Still, higher interest rates and new federal regulations intended to cool the housing market, particularly in Vancouver and Toronto, have had its effect. The Canadian housing market is rebalancing, and so far, it has been a soft landing.

The economy is slowing, but no sign of a recession

Our economic history suggests that several of the most important causes of a recession are less threatening today. After 10 years of growth, inflation is under control, easing pressure for higher interest rates. Oil prices have

anytime, anywhere! Published by:

improved and should continue to increase slowly in 2019. And housing prices in once-hot markets are moderating after years of significant growth. These positive factors should help the economy keep growing this year and assuage the recession fears of Canadians. CI Source: BDC

Sutton - Huron Shores Realty Inc. Brokerage

View Our Magazines On any

DigiTaL DeViCe

The Canadian housing market is rebalancing, and so far, it has been a soft landing.

Independently Owned and Operated

Brian Shular

Doug Freiburger

Kaitlyn Shular

606 Goderich Street, Port Elgin, ON N0H 2C0

519-797-1007 1-888-727-1007

Crystal Mitchell

Joey Wentworth

Broker of Record Sales Representative Sales Representative Sales Representative Sales Representative

5 RENTAL APARTMENTS PLUS 2 COTTAGES

10 Bruce Rd. 25, Port Elgin $539,000 • Located on a Busy Corner • Large 138.7’ x 197.10’ Lot • A Great Rental Investment • There is Great Potential for the Property • MLS # 132525

COMMERCIAL INCOME PROPERTY

583 Catherine St., Port Elgin $550,000

• Three Unit Plaza in the Heart of Port Elgin • Currently Fully Rented, Large Parking Lot • An Excellent Investment • Short Walk to Schools, Parks & all Port Elgin has to Offer • MLS # 138018

EXCELLENT INCOME INVESTMENT

569 Green St., Port Elgin $564,900

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TheCOMMerCiaLinVesTOr.Ca March 2–30, 2019

• Stately 2-Storey Brick Property • 5 Apartments, Fully Rented • Located steps to the Downtown Core • Short Walk to the Beach & Harbour • MLS # 115253

www.suttonhuronshores.com Not intended to solicit properties currently listed for sale.

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

Hamilton

Roman Spytkowsky, Broker 905-528-8956 ext. 4190

242

Main St. E. Hamilton

11,350 SQ FT PREVIOUS BODY SHOP

email: romans@efforttrust.ca

MEDICAL USE SPACES

INDUSTRIAL WAREHOUSE WITH OFFICE SPACE 10,227 SQFT

1) 1 unit in Westdale approx. 1060 sqft, 2nd ﬂoor with Elevator Great spot on Corner of Parkdale & Brampton Street. Ofﬁce areas, warehouse and shop area. 3 over head doors.Vacant, easy showings.

2) 3 main ﬂoor units on Mohawk Call for details

KING STREET EAST DUNDAS

INDUSTRIAL SPACE APPROX

2 ﬂoors of ofﬁce/showroom and large warehouse area. Unit is 10,227 sqft in total. Base rent is $6.50 per sq ft. Motion lighting in warehouse. 1 loading dock as well as a drive in overhead door. Call Roman for your industrial needs!

617 PARKDALE HAMILTON (INDUSTRIAL) UP TO 30,000 SQ.FT.

20,500 SQFT

$6.50/SQFT BASE RENT Approx. 825 Sq Ft for retail or ofﬁce. Very busy location for your new business. Located between York and Syndenham Road.

KING STREET EAST DUNDAS

Ready for Tenant.This unit has a basement and plenty of parking. Approx 130 Sq Ft. Great for accountant, lawyer, or retail venture. Asking $2000/month

6,931 SQ FT UNIT

$6.50/SQFT BASE RENT Loads of space here as well as rear parking. Ofﬁce space at front and nice warehouse with drive in overhead door. Call Roman for this and other industrial spaces!

Large space with loading dock and drive in overhead door. Fantastic yard with a lot of parking and swing room. Easy to show. Minimal ofﬁce space here. If you want space, this is the unit. Call Roman for other properties not on MLS.

Industrial building on the corner of Parkdale and Brampton Street. Approx. 19,480 sq. ft. Good for single user or may be divided. 2 over head drive in doors and 2 loading docks. Asking 6.75 per sq ft base rent. Quick to Burlington Street or Red Hill.

175 HUNTER STREET HAMILTON

HAMILTON MOUNTAIN 40 MOHAWK ROAD EAST

Fantastic stand alone building with 2 ﬂoors completely ﬁnished. 2 washrooms and 1 is a 4 piece. Lots of potential uses here. Very classy inside and out. Easy access to view. Call today.

3 spaces available here for medical use only. Plenty of parking. On Mohawk near James. Easy to show these units.

7,602 SQ FT WAREHOUSE & OFFICES

789 WOODWARD 4,758 SQ FT WAREHOUSE

D E S

Warehouse, Ofﬁces and Mezzanine. Quick to QEW. With over 7,000 Sq Ft, Overhead drive in door, 2 bathrooms – this could be your new location.

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

D E S

On Woodward near Glow Ave. Large gated facility. Large warehouse with washroom and overhead drive in door. Asking $6 base.

March 2–30, 2019

Hamilton

$1,150,000

$2,750,000

7325 #20 HIGHWAY, SMITHVILLE 1.8 ac property. incs 6000 sf building ftrs 14’ ceilings, mult n/g tube heaters, 2-15’x13’ overhead powered doors, 5-11.2’x11.6’ overhead manual drs, dry storage rms,1 ton stationary crane, heavy-duty conc flring, frame straightening anchors, multi exhaust fans, fenced compound w/heavy rock base+2018 survey.

$425,000

11 ALABASTINE AVENUE, CALEDONIA

$1,500,000

15 JAYLIN CRESCENT PORT DOVER

7 JAYLIN CRESCENT PORT DOVER

Prime 4.22 ac (total of both properties) boasts est. turnkey Marina in heart of P. Dover-over 1000ft of frontage on Black Crk w/L.Erie access. Ftrs 70 slips w/on-shore decks/water, 300 boat storage, retail store, htd shop, 1872sf”Club House, all equipment..solid income. RARE!

$800,000

219 ARGYLE STREET N, CALEDONIA

$625,000

1 ALABASTINE AVENUE, CALEDONIA

Caledonia Commercial-Industrial Garage/Shop, desired North end of town on 40’x 98’ serviced lot. 32’x 42’ Garage/Building w/2 car hoists, upgraded high eff. N/G furnace, updatd electrical, LED lighting, bathrm, concrete flr, & hydro service. Ample parking & Ideal street presence. Please DO NOT go direct to the property! Call Listing Agent for more Information.

2.25 acre Caledonia parcel, North end of town zoned ML (Light Industrial). Surrounded by commercial & Industrial buildings with 2 road frontages. Property has a res. home (4 beds, 1 bath) & res. duplex (both 2 beds, 1 bath) The best of both worlds – current cash flow & solid Investment. Please DO NOT GO DIRECT to the property! Call LA for more Info.

Prime Commercial Corner property w/current office/ house & detached 24’ x 32’ Garage in Caledonia’s thriving North end. Great curb appeal. Interior layout offers OC MF layout w/cubicles, kitchen, & office. Upper level allows for 2 addit. offices & 4 pc bath. Please DO NOT go direct to the property! Call LA for more Information.

$699,000

$1,100,000

$639,000

847 #24 HIGHWAY, CHARLOTTEVILLE

Beautiful 4.17 ac multi-purpose country property incl updated 2-storey home w/det garage+ automotive business. OC kitch/DR, living rm, sunrm, bedrm + 4-pc bath. UL-3 bedrms, poss lounge area + 5-pc bath. Basement sports fam rm+ 4th bedrm. Profitable automotive business incl 2000 sf shop + equip.

March 2–30, 2019

1854 TRINITY ROAD S, ANCASTER

Profitable boarding/grooming kennel business! 2.3ac lot w/ bungalow-kitch, fam rm w/FP+ WO, liv rm w/FP, 3 bedrms+5pc bath. LL-rec rm, 3pc bath+4th bedrm. Fully equipped 2533sf kennel incs 3 sections, 69 inside/44 outdoor kennels & washing/grooming station. 3384sf 4 stall B&B livestock barn + paddocks.

18-20 ARGYLE STREET N, CALEDONIA

Profitable 6 unit comm/res property in Caledonia’s vibrant, revitalized downtown business dist-15 min/ Hamilton, 403. Lrg vol of vehicular/pedestrian traffic, superb visual exposure w/eclectic boutiques+trendy bistros nearby. Ftrs 2 store fronts+htd/drywalled rear warehse. MF ftrs 9-12’ceilings, orig. hardwd flrs+ oversized display windows. 4 residential units.

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

Hamilton

COMMERCIAL, REAL ESTATE & BUSINESS OPPORTUNITIES

Bill Bradley

Sales Representative

416.258.6866

Independently Owned & Operated

Unit 2, 1240 Speers Rd., Oakville ON 416.258.6866

exitwithbill@gmail.com

$13,900,000 plus HST.

49 ACRES of commercial lands on the

FINISHED MALL. Simcoe, Ontario. Call Bill Bradley 416-258-6866

south west edge of Milton. Call Bill Bradley for price 416-258-6866

LAND – $1,990,000

5.2 acres oked for a plaza to be built with a service centre on the end. Simcoe, Ontario. Call Bill Bradley 416-258-6866

Large apartment buildings are wanted by my clients. (75 to 200 units). Please call me if you have one or two and would like to sell, or any one who would like to buy one or two. Call Bill Bradley 416-258-6866

PLAZAS FOR SALE

Call Bill Bradley for what size of Plaza you want and the Price you will Pay and I shall find you one.

416-258-6866

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

March 2–30, 2019

Hamilton For

Further inFormation:

john hryczynski (905)

broker

529-5900 x 240

john@bbsrealty.com www.bbsrealty.com commercial real estate

REAL ESTATE BROKERAGE

email:

commercial real estate sales and leasing services

MEDICAL BUSINESSES & PROPERTIES FOR SALE

gREATER HAMILTON AREA A medical use building located across from a Hospital. Includes a well established Pharmacy and Orthopedic businesses with related services and buildings. Loads of potential to add additional medical uses and rental units. Ideal for a medical group investment. Seller prefers a share sale, qualified buyers only. Asking $5,500,000, possible VTB, call for additional information. OWNER USER OR INVESTMENT PROPERTY

WEST HAMILTON Prime sought after Locke St. S. Business & Restaurant District location, excellent exposure to high foot traffic location. Ideal owner/user property or as a carefree investment. Current occupied by a great fast food Tenant who would like to stay or vacant possession available for an owner, ideal as a fast food restaurant use with improvements in place. Possible VTB to qualified buyer. Do not go direct. 6% cap rate, asking only $799,900.

INVESTMENT PROPERTY FOR SALE

UPPER JAMES ST, HAMILTON High profile exposure on Upper James, a solid mixeduse building with 20-21 parking across from the Walmart retail complex at Fennell Ave. Three storey building with mixed uses plus a fully occupied finished basement. Lease terms vary, 1 m/m Tenant & 1 1,100 sf unit vacant. Proforma Net income approx. $95,283, Hydro paid by most Tenants, separate meters. Ideal owner/user buyer, re-position tenancies or use as a potential redevelopment site. Asking $1,999,900.00 OFFICE/RETAIL FOR LEASE

DOWNTOWN HAMILTON Hamilton’s premier downtown mixed use building consisting of 300 residential units & 70,000 square feet of office/ retail. Close to all downtown amenities, services, court houses, GO Station and transportation. Building recently upgraded and modernized. Competitively priced retail and office space from 571 to 7,071 sf rentable. Ideal for most professional Tenants. Immediate possession available on some units, abundant parking in area.

PLAZA FOR SALE

EAST HAMILTON Busy retail plaza with excellent exposure to high traffic along this major east west arterial road. Quick access to highways and good parking. Good proximity to abundant low and high density residential. Solid 7,341 sf building with 4,614 sf finished occupied basement, in good condition with many good long term Tenants, an ideal carefree investment. Plaza fully leased, generating approx. $147,608 net rent. Asking $2,695,900. OFFICE SPACE FOR LEASE

31-35 KINg ST E., DOWNTOWN CORE HAMILTON Attractive office space available in these meticulously preserved historic office buildings with close proximity to all downtown services and amenities and near the future LRT stop. Some office units feature fabulous brick and bean spaces with large windows and high ceilings, unit sizes range from 3,316 sfr units to entire floor plates of approx. 14,205 sfr and may combine floors for up to 42,600 sfr. Rental rates vary depending on unit size and location.

H A M I L T O N

Mazhar Roshan Sales Representative

905.929.9800 647.609.9463 905.574.6400

GTA Direct Office

mazharroshan@sympatico.ca

UPPER WENTWORTH - HAMILTON

HomeLife Professionals Realty Inc.

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

931 FENNELL AVENUE E #2

RE DU CE D

HAMILTON

Direct

PIZZA STORE

Long established Pizza and Wings business. Doing over $50,000 sales per month. Low rent and long lease, real money-making business. Close to all amenities, schools and on bus route. Good for big family or business oriented individual.

800 sq. ft., Retail neighbourhood. Desirable mountain location. Small 4 unit plaza good for retail, office, and all types of commercial. Gross lease. Tenant pays all utilities. For viewing and more details call LBO. Unit has basement too.

BURLINGTON FOR LEASE Great investment opportunity. High traffic central mountain location approx. 2,800 sq.ft. two units one dentist, the other catering business. Many updates including exterior stucco, newer A/C, furnace. For viewing and details call LBO. Do not go direct. 48 hrs notice for showings. Showing between 9-5, MondayFriday only. No weekend showings. $699,900

2000 sq. ft. on lower level for storage.

“My Business is to Sell Your Business” March 2–30, 2019

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

businesssavvy

Should you buy a business?

Buying a business rather than starting one from scratch allows you to skip the expensive – and risky – start-up stage. Given the stakes, it’s important to thoroughly weigh your business goals, risk tolerance and market opportunities before making an acquisition. Here are some pros and cons of buying a business. Pros

1. Track record – Buying a business gives you an established customer base, team, business plan and operation. No need to start from scratch. 2. Income – The best acquisition targets are likely to already have solid sales and profits. A new venture, on the other hand, can take a long time to build revenue and become profitable, and the risk of failure is significant. Only about half of Canadian start-ups are still operating after five years, according to Innovation, Science and Economic Development Canada. 3. Financing – The assets of the company you are buying can be used to help secure financing needed for the purchase. Lenders 24

are less likely to take a chance on a start-up. 4. Vendor assistance – Existing owners often help finance the purchase of their business by providing vendor financing. Besides being a good source of patient capital, the vendor’s investment provides motivation to the former owner to help make a smooth transition. 5. Market knowledge – Acquisition may be a good strategy if you want to expand into a new industry or geographic location where you lack contacts and knowledge.

Cons

1. Poor fit – It can be difficult to find the right company to acquire – one that is a good fit with your existing

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

business culture and strategic goals. A poor choice can cause the acquisition to become a sinkhole for your time, money and other resources. 2. Integration challenges – Integrating a new company into your existing operations can be harder and more time consuming than entrepreneurs realize. Expected payoffs often don’t materialize as quickly as planned. 3. Vision conflict – It may be harder to impose your vision on a company that already has its own culture and history than if you were to expand a business you already own. Some entrepreneurs like the challenge and excitement of starting an entirely new company or embarking on an expansion where they can put their stamp on from the beginning. 4. Dependence on the old guard – A rocky ownership change can prompt key staff to leave and imperil customer relationships. That can be especially problematic in a business that is highly dependent on the involvement of the owner or certain employees. The decision may rest on market and growth opportunities. Acquisition may be a good strategy if prospective companies are undervalued because of market conditions. Conversely, if valuations are high, you may need to obtain more financing, potentially reducing the long-term returns from the acquisition. Whatever your decision, the project will have a greater chance of succeeding if you have a clear, detailed understanding of why you are proceeding and how the venture will meet your business goals. CI Source: BDC March 2–30, 2019

Hamilton

businesssavvy

Four tax changes for small businesses

It’s tax time again. For 2019, the federal government has initiated some new, key tax measures. Here are four you should know. Small business tax rate reduction

The federal small business tax rate will be reduced to nine per cent from 10 per cent, effective Jan. 1, 2019.

Canada Workers Benefit

Starting with the 2019 tax year, the Canada Workers Benefit (CWB) will replace the Working Income Benefit (WITB). The CWB will be more generous and more accessible, as the Canada Revenue Agency will be able to calculate the CWB for anyone who hasn’t claimed it on their tax return.

contributions associated with the enhanced portion of the CPP and QPP.

Canadians will receive enhanced benefits under the new CWB in early 2020, when they file their 2019 income tax return.

Deduction for employee contributions to the enhanced portion of the Canada Pension Plan and Quebec Pension Plan With the gradual phase-in of the Canada Pension Plan (CCP) and Quebec Pension Plan (QPP) enhancements starting on Jan. 1, 2019, a tax deduction, instead of a tax credit, will be provided for employee

Limiting tax deferral opportunities related to passive investments within a private corporation

Budget 2018 announced measures to limit the ability of Canadian-controlled private corporations holding significant passive investments to benefit from the preferential small business tax rate; and to restrict Canadian-controlled private corporations from obtaining refunds of taxes paid on investment income while distributing dividends from income taxed at the general corporate rate. The changes will take effect for taxation years that begin after 2018. CI Source: the Department of Finance Canada. fin.gc.ca

View Our Magazines On any

DigiTaL DeViCe anytime, anywhere!

Cell

519-755-0830 Office

519-752-9664

michaelhurley@rogers.com www.hurleyrealestate.ca

Michael Hurley BROKER/OWNER

APArtment Building

Published by:

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

TheCOMMerCiaLinVesTOr.Ca March 2–30, 2019

22 Unit residential apartment building located in Brantford, Ontario. Recently voted as the best community in Ontario to invest in Real Estate. 4.75% Cap Rate. Rents way below market value. Opportunity here for the active investor to get the rents to market value and reap the rewards. Building is in great condition. Email or call for additional pictures, Income and Expense.

Asking Price $2,550,000 www.hurleyrealestate.ca

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

Greater Toronto Area

Licence # 11995

ATUL BHATT Mortgage Agent M16000002

Working for You NOT the Lenders • COMMERCIAL PRIVATE FINANCING • HOTELS, PLAZAS, APARTMENT BUILDINGS AND CONSTRUCTION LOANS • SMALL BUSINESS LOANS • PRIVATE RESIDENTIAL FINANCING • RESIDENTIAL 1ST AND 2ND MORTGAGES Direct: 647-895-7653 abhatt164@gmail.com

mortgageweb.ca/atulbhatt

Independently Owned & Operated Mortgage Lic# 11995

Head Office: 201-10815 Yonge Street, Richmond Hill, ON L4C 3E3 26

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

March 2–30, 2019

Greater Toronto Area

Over 27 Years of

Cutting Edge Results

Shaul

Shaul Sharabi BROKER, B.A.

416.902.3770 “HALL OF FAME”

Rachel Sharabi

Rachel Sharabi SALES REP, B.Sc.

416.903.5598

“LIFETIME ACHIEVEMENT”

VIP Passes To New Condos Before Sale To Public Starting Out – Moving Up – Downsizing – Investing – Commercial

$1,200/MONTH FOR LEASE

VAUGHAN – IN THE HEART OF CONCORD INDUSTRIAL AREA

$350,000

ART GALLERY & AUCTION SALE NORTH YORK

$79,000

WOODBRIDGE TRATTORIA ESTABLISHED RESTAURANT FOR SALE

Reno’d 450sf Unit Front. Easy Access To Major Hwys! Offered Space Is Completely Fin w/ Laminate Flooring & A Washroom. Use As Professional Office, Showroom, Etc. or Storage. Rental $1200/Month Incl. Tmi + 70% of Utilities. Avail 1-5 Years Sub-Lease.

Excellent Opportunity To Become A 49% Partner Of A Well Established Art Gallery w/ Lots Of Connections To Clients Over The Years. Seller Is Selling An Art Using Auction. Needs A Partner To Extend The Business. Half Of The Inventory Included Is Worth Approx $2,500,000 - Full Inventory. Total Rent Is $1,840.54 Incl. Hst. Owner Is In Art Business For Over 25 Years, Willing To Train. Very Fine Art Stock & Antiques.

Great Opportunity To Own A Well Established Italian Restaurant At Weston Road & Highway 7. Fully Equipped Kitchen w/ High Quality Equipment. 8 Ft Hood Fan, 24 Seats. Monthly Lease Is $2,060 Incl. Tmi & Hst (Gas & Hydro Extra, Average $300 Monthly Each. Inc: All Kitchen Equipment & Working Tables, All Tables & Chairs, Cash Register, Etc. - List To Be Provided)

$1,129,000

$7,800,000

$1,300,000

BATHURST & SHEPPARD – STORE WITH APARTMENT AND OFFICE

Great Investment Property With Desirable “Roof Top Sign Income” Fully Rented “ A1” Tenants. Sheppard Hub. 2nd Floor Converted 3 Bedroom Apt w/ 1-4Pc Bath & Separate Walkout To Backyard. Main Floor-Long Time Tenant, With Walkout To Back Yard, 1-2Pc Bath & Stairs To Bsmt: 1-2Pc Bath, Separate Meters,Tenants Pay All Utilities,

LAWRENCE & MIDLAND, TORONTO FREE STANDING COMMERCIAL PLAZA Rare Opportunity To Own A Free Standing Commercial Plaza. 4 Story Building. Prime Location Highly Visible Corner Plaza And Apartment:10 Retail Stores, 11 Office Space,14 Apartments Units,30 Outdoor Parking And 49 Underground Parking.

A CAR SHOP THAT SPECIALIZES IN VOLKSWAGEN & AUDI

This Business Is Fully Equipped w/ Everything You’ll Need From Building/Dismantling Cars, Give Safety Inspections & Yellow Stickers For Trucks. Well Established Clientele Since 2002. Affordable Rent. Inventory Includes: Cars For Sale,Tow Truck, Fork Lift,4 Hoists,1 Frame Machine,Tire Installation Machine/Balancer,Large Amount Of Inventory Of Used & New Parts,Sep Rims & Tire Section,3 Offices Fully Furnished,Security/Camera System,etc.

www.luxuryrealtybroker.com

*Free market evaluation • Virtual tour & pictures • Colour brochure • Wide exposure advertising

REALTRON REALTY INC, BROKERAGE INDEPENDENTLY OWNED & OPERATED March 2–30, 2019

*limited to $10,000

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

Greater Toronto Area SELLING REAL ESTATE FOR OVER 28 YEARS

Platinum Award Winner

Bill Morrison SALES REPRESENTATIVE

Direct:

905-619-9500

Toronto line: 416 798 7278

NEWCASTLE

Email:

Heritage Realty Inc., Brokerage Independently Owned and Operated

morrisonb@sutton.com TORONTO

ATTENTION DEVELOPERS. Have over 3 acre Development site for towns or midrise Buildings. Fantastic location services. $3,500,000

ASKING $1,150,000 Great Investment on Prime Danforth Ave, Large Commercial Retail with 3 bedroom Apt. Private Driveway with lots of Parking

OSHAWA

COURTICE

ASKING $3,500,000 27 unit in 2 separate well maintained buildings. Fully rented 24 x 2 bedroom 3 x 1 bedroom, 33 parking spaces. $300,000 gross income.

ONLY $2,500,000 Great location on high \trafďŹ c are next to ramps for new hwy 418 and hwy 2. Approx 2.44 acres. Garage auto repairs & auto sales. Auto parts & wrecking yard, corner property includes raised bungalow. Two properties!

COURTICE

CLARINGTON

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%.

ASKING $2,799,000 Prime Commercial corner locations on 4.18 Acres. Mixed zoning. Fully leased 6 tenants. Plus detached home also leased. Close to Hwy 407. Potential to increase size of plaza. Located in one of the fastest growing regions. Net income $153,000 Great CAP Rate. VTB available.

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

Greater Toronto Area

MATTHEW GARNET

B.A., C.S.C.

S A L ES R E P R ES E N TAT I V E

Tel 905.773.8000

For Powerful Performance, “Deal with The Dragon!”

TRENT HILLS

14.29 Acres with Excellent Road Frontages

416.509.3036

7$ 9 9,9 0 0

DIRECT

OPPORTUNITY KNOCKS! Introducing “The Ridge” 14.29 acres ideally situated abutting the urban boundary and over looking the Trent/Severn Canal! As ”infill” as they come, this parcel is nestled amongst residential homes with excellent road frontages on 6th Line West and Victoria Street. Municipal services only steps away, this property is a blank canvas for your “inner” developer. Minutes away from downtown Campbellford. Right off County Road 30/Grand Road – ideal investment for future development.

SUBJECT PROPERTY

For more info call

Matt "The Dragon" Garnet 416.509.3036

SUBJECT PROPERTY

mattsdragonz@gmail.com 29

Greater Toronto Area

SkyViews

The Importance of Capital Budgeting by Scott Fleet, Capital Planning Solutions

When embarking upon major capital expenditure projects at your multi-residential and commercial properties, it is imperative to complete proper due diligence and implement a capital plan to assist in prioritizing your capital projects. At Capital Planning Solutions, we recommend customizing five-year capital budgets for each building. This can be done by a project manager, management company or building ownership. It is recommended that these five-year capital budgets be updated annually and reviewed amongst all members of your building ownership group in order to get “all hands-on board” and make informed decisions on whether your upcoming capital projects should be undertaken, or if certain projects can be deferred. Five-year capital budgets and cash flow projections should be reviewed annually by ownership groups in the fall months. At this time, it is imperative that the ownership make a collaborative decision regarding which projects will be completed throughout the upcoming year. The benefit of making this decision in the fall months is two-fold: 1.

When dealing with large concrete restoration projects and other weather sensitive projects, there is a major benefit to tendering and awarding projects early in the year. Contractors are generally very eager to fill up their construction schedules for the rest of the year. Therefore, the contractors who have voids in their schedules are more likely to offer their best competitive pricing to secure the project. The manufacturing of certain equipment and materials such as elevators, balcony railings, balcony doors, windows, boilers, etc. can become backlogged and may have extensive lead times. By commencing your capital projects early in the year, you will often benefit from shorter lead times as you will be first in queue with the manufacturers. If you wait until the summer to begin your capital projects, you are “joining the herd” which leads to longer lead times (in addition to higher contractor pricing) and you may end up rushing to finish weather sensitive projects before the winter months.

The Five-Year Capital Budget There are some great software programs available to assist with the creation of capital budgets. However, creating your own customized five-year capital budget unique to each building can yield great benefits. A capital planning consultant can provide assistance in the creation of a capital plan. The process begins by creating a spreadsheet for each building within your portfolio. Populate the spreadsheet with a list of categories for various building components within your building, i.e. balconies, boilers, windows, asphalt, sidewalks, elevators, etc. The spreadsheet should also contain a heading for the next five years, i.e. 2017, 2018, 2019, 2020, 2021. As projects approach, populate the spreadsheet with budget estimates for each category under the appropriate year in which it should be completed.

Populating your Five-Year Capital Budget The main source for populating your customized five-year capital plan for each building should be information extrapolated from your most recent Property Condition Assessment (PCA). As a diligent building owner, it is recommended that you update your PCA approximately every eight years and the report should include recommendations for priority repairs and budget figures for the next 10 years. Listed below are additional ways to identify capital projects to include in your five-year capital budget: •

Legislative changes including building code/fire code/ TSSA requirements

•

Visual assessment and regular building walkthroughs

•

Monitoring equipment age versus expected useful life

•

Identifying projects that provide energy savings/paybacks

Undertaking Capital Projects versus Deferring Capital Projects Now that you have a five-year capital budget in place for each building, you can refer to the budget as a detailed overview of the upcoming capital projects at your buildings. Reviewing your capital budgets in conjunction with your cash flow projections will allow you make a more informed decision regarding whether specific projects should be undertaken or deferred. Should you consider deferring a particular project beyond the set out or recommended repair timeline, it may be a good idea to have an engineer/consultant re-inspect that specific building component to clarify the impact of this decision on building safety and project cost. If projects are deferred too long, you can quickly find yourself taking a reactive approach to building maintenance. This can lead to an increase in the scope of projects/repair costs, growing aggravation amongst tenants, and additional unexpected repair projects. Alternatively, preventative maintenance approaches allow you to control repair quantities, and eliminate a source of aggravation amongst your tenants while completing your capital projects with cost efficiency at the forefront. In conclusion, updating and reviewing your capital budgets annually in the fall months is imperative and taking a preventative, rather than reactive, building maintenance approach can save you valuable dollars over the lifespan of your buildings. For further assistance with capital planning and capital project management, please contact Capital Planning Solutions. Scott Fleet, President Capital Planning Solutions 289-208-7183 scott@capitalplanningsolutions.ca www.capitalplanningsolutions.ca

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

March 2–30, 2019

Central Ontario

investment

Menkes to revitalize 320 Bay Street Menkes Developments Ltd (Menkes) has expanded its relationship with TD Greystone Asset Management (TD Greystone), announcing the acquisition of an interest in 320 Bay Street, a heritage building situated on the southwest corner of Bay and Adelaide streets. Menkes’ investment reflects its commitment to deliver progressive and innovative workspace in downtown Toronto. The transaction means a major restoration of the building, improving the quality and service of the space, while preserving its history and architectural elements. Menkes plans a street-level reimagination of the building and the revitalization of the 270,000-sq.-ft. space will include significant electrical

commercial/industrial. “It will offer a cutting-edge work environment, redesigned to meet the growing demand for creative office space in Toronto, and will allow companies to occupy an historical, landmark property. Menkes does not currently have a heritage building in its office portfolio, so this is very exciting for us.” The renovation of 320 Bay Street will add much needed office supply catered to the growing tech sector in the Financial District. The revitalization will take place over the next 12-18 months, with occupancy in 2020. “With this transaction, we are extremely excited to embark on the next phase for 320 Bay and broaden our relationship with Menkes,” says Jeff Tripp, managing director, real estate investments, TD Greystone. CI

and mechanical upgrades. The building, designed by prominent Canadian architect Henry Sproatt, originated as the Canada Permanent Trust Building. “We think this development will have a unique place in the market, as there is nothing like it in the core right now,” says Peter Menkes, president

Bill Byers

Sales Representative bill-byers@coldwellbanker.ca www.temiskamingrealty.com 1-866-557-1110 705-647-1110 0

,00

,90

00 9,9 29 $ g kin As

industriaL 12.98 Acres beside rail line with Town services. 3 large buildings 8100 sq’ (2013), 4422 & 378 (Carport) sq’ (1980) 1408 & 792 (Carport) sq’ (1986). Englehart. MLS TM182801

industriaL CompLex Over 16,000 Sq’ building on over 6 acres with 3 Hwy entrances. Owner occupied, plus 4 Tenants. Multiple uses include shop, retail, office, & more with room to expand. New Liskeard. MLS TM190047.

00 9,9 29 $ g kin As

0 ,00 499 $ ing Ask

6 units 4 Residential + 2 Commercial fully rented. Many recent updates including shingles & Retrofit. Great downtown New Liskeard Location. MLS TM181659

Hwy#11 CommerCiaL 93 Acres w/ Commercial Hwy entrance. 2 Homes, 70’ X 40’ & 40’ X 40’ Shops, Garage & more. Over 10 Acres of good solid gravel parking. W/ Agricultural/ Commercial zoning there is a ton of potential. Near New Liskeard. MLS TM172580.

Large BuiLding Former Chicken Farm. 5,300 sq’ Barn w/ Office, 28’ X 60’ Shop, & 2 Smaller Barns. Tidy 4 Bdrm, 2 Bath House. Large Garden, nicely landscaped. 1.4 Acres. Just off Hwy#65 East between New Liskeard & Quebec. MLS TM172705

March 2–30, 2019

7 g$

kin

1 g$

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CommerCiaL Large 2 Storey building 4285 Sq’ on Main St. in Elk Lake (Hwy 65 & 560). Across from the Montreal River. Vacant with lots of potential for many uses here. Large Shop, 2 overhead doors, office, retail, storage, washrooms, new environmental report & more. MLS TM190097.

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9,9

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Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

realestate

Healthy price appreciation

forecast for Canadian luxury real estate The Greater Toronto Area’s luxury condo market has seen the highest price appreciation across Canada’s five largest cities in the last 12 months, ending Jan. 31, 2019. Luxury condominiums in the GTA posted the highest year-over-year price appreciation of 10.2 per cent to $2.26 million, followed by luxury condominiums in the Greater Montreal Area, which rose 8.4 per cent year-over-year to $1.2 million.

“For the second year in a row, luxury condos in Toronto and Montreal have made significant gains in price appreciation and we expect this trend to continue through 2019, however, at a more modest pace in Toronto,” says Kevin Somers, COO, Royal LePage Real Estate Services Limited. Across Canada’s five largest cities, Greater Vancouver was the only one to post a decline in median luxury home prices. Luxury home values have

dipped but remain remarkably steady as many Vancouverites refuse to sell at what they perceive as a discount. Contributing to the soft demand are Chinese nationals, an important luxury buyer demographic, that have seen restrictions placed on their ability to transfer wealth to Canada. “Compared to last year, we are expecting an increase in luxury sales activity in both Greater Vancouver and the Greater Toronto Area,” says Somers. “Price reductions and increased selection in Greater Vancouver are expected to stimulate the luxury property market while an

expected return to more normal activity in the Greater Toronto Area will be a marked improvement over last year’s spring market.”

Greater Toronto Area

Luxury house prices in the GTA returned to healthy gains indicating that the effects of measures targeting foreign buyers within the Ontario Fair Housing Plan have now been absorbed by the luxury property market. While foreign buyers represent a small segment of buyers in the GTA, the introduction of the measures had stifled consumer confidence among local buyers, dampening house prices. The median price of a luxury house rose 3.1 per cent to $3.57 million yearover-year during the 12-month period ending Jan. 31, 2019 compared to the same period the previous year. Meanwhile, the median price of a luxury condominium surged 10.2 per cent year-over-year to $2.26 million during the same period, which was the highest median price gain seen in both luxury housing types across Canada’s five largest cities. “While demand for luxury houses softened last spring, demand for luxury condominiums remained consistent and strong. This demand quickly put

Region forecast

Greater Toronto Area

Greater Montreal Area

Greater Vancouver Area

Ottawa

Calgary

Luxury House

Year-OverYear (%)

Luxury Condominium

Year-OverYear (%)

Feb 1 2019 - Jan 31 2020

$3,691,700

3.20%

$2,390,405

5.40%

Feb 1 2018 - Jan 31 2019

$3,575,702

3.10%

$2,268,571

10.20%

Feb 1 2017 - Jan 31 2018

$3,468,188

-2.00%

$2,058,726

10.00%

Feb 1 2016 - Jan 31 2017

$3,540,585

Feb 1 2019 - Jan 31 2020

$1,792,037

6.60%

$1,395,056

7.70%

Feb 1 2018 - Jan 31 2019

$1,680,942

5.40%

$1,295,401

8.40%

Feb 1 2017 - Jan 31 2018

$1,595,343

8.60%

$1,195,435

8.30%

Feb 1 2016 - Jan 31 2017

$1,469,515

Feb 1 2019 - Jan 31 2020

$5,341,936

-7.10%

$2,580,115

-3.70%

Feb 1 2018 - Jan 31 2019

$5,751,928

-1.70%

$2,680,064

-0.60%

Feb 1 2017 - Jan 31 2018

$5,848,915

9.20%

$2,695,176

9.20%

Feb 1 2016 - Jan 31 2017

$5,357,922

Feb 1 2019 - Jan 31 2020

$1,887,624

4.20%

$1,036,747

3.10%

Feb 1 2018 - Jan 31 2019

$1,811,716

5.00%

$1,005,549

3.80%

Feb 1 2017 - Jan 31 2018

$1,724,787

5.50%

$968,830

3.20%

Feb 1 2016 - Jan 31 2017

$1,635,540

Feb 1 2019 - Jan 31 2020

$2,039,564

1.30%

$898,047

-0.60%

Feb 1 2018 - Jan 31 2019

$2,012,676

3.20%

$903,106

0.50%

Feb 1 2017 - Jan 31 2018

$1,951,070

-0.40%

$898,292

-1.40%

Feb 1 2016 - Jan 31 2017

$1,959,073

Date

$1,872,218

$1,104,129

$2,467,542

$939,098

$911,381

Luxury real estate in Canada's five largest cities – price chart upward pressure on luxury condo prices because the inventory for luxury condo buyers isn’t there. We have a shortage of luxury three-bedroom listings with the finishes and amenities that buyers are looking for,” says Elli Davis, sales representative, Royal LePage Real Estate Services Ltd. Luxury house sales for the full 12-month period showed a stark contrast leading up to and during the spring market compared to the remainder of the year, while luxury condominium sales remained fairly consistent compared to the prior year. March 2–30, 2019

For the 12 months analyzed, luxury house sales decreased 40.0 per cent, however, when examining sales from June 1, 2018 to Jan. 31, 2019 to the same period the year prior, sales decreased a more modest 3.6 per cent. For the full 12-month period, luxury condominium sales decreased 3.4 per cent compared to the year prior. “Toronto’s luxury home market has regained its momentum and we are expecting a more active spring market than last year with the exception of a few quiet pockets,” says Davis. “Generally speaking, demand for

luxury property is stronger in the city of Toronto compared to its surrounding areas.” When looking to the next 12 months, the median price of a luxury house in the GTA is forecast to increase 3.2 per cent year-over-year to $3.69 million, while the median price of a luxury condominium is forecast to increase 5.4 per cent to $2.39 million by the end of January 2020. Luxury house sales are expected to benefit from a more active spring market while luxury condominium sales are expected to be consistent with the year prior. CI

Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR

legallyspeaking

What is a special assessment?

By JAcquElInE MonEtA JD

Most homeowners would agree that home maintenance and unexpected repairs are a fact of life. So, why does talk of a special assessment send shock waves through a condominium? WHAT IS A SPECIAL ASSESSMENT?

A special assessment is a demand for suite owners to pay an additional contribution to the common expenses on top of the regular monthly fees. A reserve fund is where your portion of common expenses is deposited for major repairs of the capital assets of the corporation. When the reserve fund is insufficient to cover condominium costs, the board may levy a special assessment. Your condo board may do this for various reasons. Often, a special assessment is used to offset unexpected expenses or shortfalls in the budget. This may be the case in a critical year, where the reserve fund is depleted due to a scheduled improvement to the building. Alternatively, the board may have underestimated the cost of a project. Unit owners also bear the cost of litigation that results in a judgment against the condominium. If the reserve fund is depleted, the board will have to levy a special assessment to pay a judgment.

HOW MUCH DO I HAVE TO PAY?

Owners pay a special assessment, as per the declaration, in the same 34

proportion as their common expenses. Therefore, a smaller suite’s special assessment will be lower than the one paid by a larger suite. If you refuse to pay the assessment, you risk the same consequences as if you neglected to pay your common expenses — it may result in a lien against the unit. A lien may affect financing, or in extreme cases, force a sale and can involve significant legal fees.

AVOIDING SPECIAL ASSESSMENTS

A. Potential buyers. New buyers are legally entitled to a status certificate. It’s important to review this carefully as it will include information about any special assessments. It is a good idea to make your offer conditional upon a review of the status certificate. Even if you go ahead with the purchase of your unit, you may be able to negotiate a lower purchase price based on an upcoming special assessment. B. Current owners. The best way to avoid a special assessment is to ensure that there are sufficient funds in the reserve fund. As an owner, higher common expenses are not always a bad thing. The board needs to set fees high

COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities

A special assessment is a demand for unit owners to pay an additional contribution to the common expenses on top of the regular monthly fees

enough to cover its expenses. If fees are too low, a special assessment is more likely. However, if owners believe the rationale for the special assessment is not well founded, they can requisition a meeting to force the board to discuss the issue. While the board does not have to stop the assessment, if it was the board’s own failures that caused the assessment, then they can be voted out. In some extreme cases, owners may seek legal recourse against the board for lack of due diligence or to stop the special assessment. C. Board of directors. If you are a board member looking to avoid special assessment, then alternative methods for raising capital should be explored. A loan may place less financial burden on owners as it can be paid back over time. Check the bylaws to ensure the corporation can borrow funds. Special assessments require careful consideration by boards and owners alike. But, with adequate planning and well-informed owners, condominium buildings can be maintained for years to come.CI March 2–30, 2019

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MORTGAGE LENDING: Business Investor Real Estate Investing MORTGAGE LENDING:Without the Headaches! MORTGAGE LENDING:Without the Headaches! Real Estate Investing Real Estate Investing Without the Headaches! Let’s imagine it’s three o’clock on a dark winter morning. You own a small residential triplex. Suddenly your phone rings; it’s oneit’s of three your tenants calling to winter informmorning. you that You there’s a leak from the apartment above it’s Let’s imagine o’clock on a dark ownbeen a small residential triplex. Suddenly yourand phone pouring cold down into room. getting youfrom lookthe up apartment and Suddenly call theabove number ofit’sa Let’s it’s three o’clock on atheir dark winter morning. own a small residential triplex. yourand phone rings;imagine it’siceone of water your tenants calling toliving inform you Frantically that You there’s been aup, leak plumber with aof24-hour emergency line. As the phone rings, yougetting begin toleak count up the inabove your head… rings; it’sice one your tenants calling toliving inform you Frantically that there’s been aup, apartment andofit’sa pouring cold water down into their room. youfrom look updamages and call the number pouring water down into their room. Frantically you look updamages and call the number of a plumber ice withcold a 24-hour emergency line.living As the phone rings, yougetting begin up, to count up the in your head… This is anwith all atoo plausible scenarioline. many investment property owners at one point or head… another. plumber 24-hour emergency As the phone rings, you begin to can countrelate up thetodamages in your Unquestionably, an active real estate has property many advantages and relate rewards it does an This is an all toobeing plausible scenario many investor investment owners can to however, at one point or entail another. ongoing from the property owner that comes withadvantages itsowners headaches. This is ancommitment all toobeing plausible scenario many investment can to however, at one point or entail another. Unquestionably, an active real estate investor has property many and relate rewards it does an Unquestionably, being an active real estate investor has many advantages and rewards however, it does entail an ongoing commitment from the property owner that comes with its headaches. Now let’scommitment imagine investing in property real estate, but having zerowith responsibility for the day to day operations of being a ongoing from the owner that comes its headaches. landlord, renovator, etc.but A cheque literally being deposited accountofwhile youa Now let’sproperty imagine manager, investing in real estate, having iszero responsibility for the into day your to daybank operations being sleep. Thisproperty soundsmanager, pretty great. If you are individual thatbeing may not have orbank desire to participate ina Now let’s imagine investing in real estate, having responsibility for thethe daytime to day operations ofwhile being landlord, renovator, etc.abut Abusy cheque iszero literally deposited into your account you active estate or are considering some diversification your existing portfolio, passive real estate landlord, manager, renovator, etc.aAbusy cheque is literally deposited into yourorbank account while you sleep. real Thisproperty soundsinvesting, pretty great. If you are individual thatbeing maytonot have the time desire to participate in investing may be a great alternative investment approach for you to consider. There are many types of passive real sleep. This sounds pretty great. If you are a busy individual that may not have the time or desire to participate in active real estate investing, or are considering some diversification to your existing portfolio, passive real estate estate investing, mortgage lending is one ofapproach the most desirable options Think itreal as one of active real estate or are considering some diversification to your among existing portfolio, passive estate investing may be but ainvesting, great alternative investment for you to consider. There investors. are many types ofofpassive real the theinvesting, closest ways to invest inlending realinvestment estate, actually owning the property investing may be a great alternative for you to consider. Thereyourself. are many types estate but mortgage is onewithout ofapproach the most desirable options among investors. Thinkofofpassive it as onereal of estate investing, but mortgage lending is one of the most desirable options among investors. Think of it as one of the the closest ways to invest in real estate, without actually owning the property yourself. So, what exactly is mortgage lending? Well, it’s essentially “being the Bank”. You (taking the position of the Bank), the the closest ways to invest in real estate, without actually owning the property yourself. will lend exactly your funds to another person borrower), and in return your investment will position be secured that So, what is mortgage lending? Well,(ait’s essentially “being the Bank”. You (taking the of theonBank), borrower’s property astoa another mortgage. NotWell, only do you haveand a“being real protecting investment, but of you also So, is mortgage lending? essentially the Bank”. Youyour (taking the thewill will what lend exactly your funds person (ait’s borrower), in asset return your investment will position be secured onBank), that earn a generous and predictable return for the period of time that your funds are invested. will lend your funds to another person (a borrower), and in return your investment will be secured on that borrower’s property as a mortgage. Not only do you have a real asset protecting your investment, but you will also borrower’s property a mortgage. Not for onlythe doperiod you have a real asset investment, but you will also earn a generous andas predictable return of time that yourprotecting funds areyour invested. How this work? They key toreturn a lucrative is finding a brokerage to work with that earn adoes generous and predictable for thecareer periodinofmortgage time thatlending your funds are invested. you trust buildThey a long-term with.inWorking with a brokerage thata has a proven of Howcan does thisand work? key to a relationship lucrative career mortgage lending is finding brokerage to track work record with that facilitating mortgage investments very important toinWorking averting risk. How does this work? They key to is a relationship lucrative career mortgage lending is finding brokerage to track work record with that you can trust and build a long-term with. with a brokerage thata has a proven of you can trust and build a long-term relationship with. Working with a brokerage that has a proven track record of facilitating mortgage investments is very important to averting risk. Next, eachmortgage mortgageinvestments investmentisisvery unique. It is to imperative that you review all of the pertinent information facilitating important averting risk. regarding investmentinvestment opportunity, as theIt Bank would review decide information to lend to a Next, eachanmortgage is just unique. is imperative that an youapplication review allbefore of thethey pertinent borrower. You, as a lender, will review theasproperty details, and information thedecide borrower suchtoasa Next, eachan mortgage investment is just unique. is imperative that an you review allbefore ofabout thethey pertinent information regarding investment opportunity, theIt Bank wouldappraisal review application to lend their creditan score, worth andreview income. When decide toappraisal invest inanand aapplication mortgage, you willthey commit to lending your regarding investment opportunity, just asproperty theyou Bank would review before to lend toasa borrower. You, as net a lender, will the details, information about thedecide borrower such funds for aYou, specified time period; typically, between 1-3 to years. A in lawyer will be you responsible the borrower. as net a lender, will the property details, appraisal and information about the for borrower such as their credit score, worth andreview income. When you decide invest a mortgage, will commit tomanaging lending your closing process, collecting for the loan, registering the mortgage the property. their net worth andfunds income. When youand decide invest a mortgage, will commit lending your fundscredit for ascore, specified time the period; typically, between 1-3 to years. A in lawyer will on be you responsible fortomanaging the funds for a specified time period; typically, between 1-3 years. A lawyer will be responsible for managing the closing process, collecting the funds for the loan, and registering the mortgage on the property. closing process, collecting the funds for the loan, and registering the mortgage on the property.

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Business Investor MORTGAGE LENDING: Real Estate Investing Without the Headaches! MORTGAGE LENDING: Real Estate Investing Without the Headaches!

So, what are the benefits of mortgage lending? Well for starters, the returns! Typical mortgage lending rates for First Mortgages are 7%-10% per annum, where Second Mortgages often pay between 10-14% per annum. These returns are paid to investors on a monthly basis, so it is a great vehicle for those looking for cash flow! As also So, what aremortgage the benefits of mortgage lending? Well for starters, for the those returns! Typical lending for discussed, lending makes for a fantastic investment that have mortgage full time jobs or rates full time First Mortgages 7%-10% per annum, Mortgages often between 10-14% per annum. These obligations and are don’t have the time or where energySecond to undertake active realpay estate ventures. Mortgage lending is returns are paid to investors on a monthly basis, so it is a great vehicle for those looking for cash flow! As also passive, so you can invest and continue to go about your daily routine without the hassle or worry of active discussed, mortgage lending makes forbenefit a fantastic investment for isthose that have full time jobs or full time management. And finally, another huge to mortgage lending the security of these investments! Having obligations have the provides time or energy to mind undertake active real estate ventures. lending is real propertyand as don’t your collateral, peace of to many investors that want to feelMortgage comfortable in their passive, so decisions! you can invest and continue to go about your daily routine without the hassle or worry of active investment management. And finally, another huge benefit to mortgage lending is the security of these investments! Having real property your collateral, provides peacemortgage of mind to many investors thatcan want to feel acomfortable in their To learn moreasabout the benefits of passive lending, or how you become private mortgage investment decisions! lender, contact info@profunds.ca

MORTGAGE LENDING: Real Estate Investing Without the Headaches!

So, what are the benefits of mortgage lending? Well for starters, the returns! Typical mortgage lending rates for To learn more about the benefits of passive mortgage lending, or how you can become a private mortgage First Mortgages are 7%-10% per annum, where Second Mortgages often pay between 10-14% per annum. These lender, contact info@profunds.ca returns are paid to investors on a monthly basis, so it is a great vehicle for those looking for cash flow! As also Pro Funds Mortgages (Lic #12051) discussed, mortgage lending 3410 South Service Road, Suite G5 makes for a fantastic investment for those that have full time jobs or full time Burlington, Ontario, L7N 3 T2 obligations and don’t have the time or energy to undertake active real estate ventures. Mortgage lending is Tel: 1.888.330.3866 passive, so you| www.profunds.ca can info@profunds.ca Pro Funds Mortgages (Licinvest #12051)and continue to go about your daily routine without the hassle or worry of active 3410 South Service Road, Suiteanother G5 management. And finally, huge benefit to mortgage lending is the security of these investments! Having Burlington, Ontario, L7N 3 T2 real property as your collateral, provides peace of mind to many investors that want to feel comfortable in their Tel: 1.888.330.3866 info@profunds.ca | www.profunds.ca investment decisions!

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Pro Funds Mortgages 40

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Mazhar Roshan Sales Representative

905.929.9800 647.609.9463 905.574.6400

HomeLife Professionals Realty Inc.

Direct

BROKERAGE

GTA Direct Office

mazharroshan@sympatico.ca

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

PLAZA LOCATION

Country in the city. Minutes from Ancaster fairgrounds. 7.75 Acres of land on Wilson, build your dream home on this lot facing onto two streets. Nice investment for future development. Corner of Wilson & white swan rd. Call LBO for more details. Buyer or his agent to do due diligence for future development.

Plaza location, 3310 sq.ft., Retail office, commercial space in highly growing neighborhood of stoney creek mountain. Tenants include Tim Hortonâ€™s, Esso, Ginoâ€™s pizza, Ovandale, animal hospital, doctors and others. Very low rent and long lease. Immediate possession available. Call for more details.

RE DU CE

PRICE REDUCED - $599,000

931 FENNELL AVENUE E #2

18 ACRES OF LAND

53 ACRES OF LAND

Across from new proposed Hospital in Niagara Falls off exit # 21 of QEW. Land has 1900 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 1800 ft frontage on QEW. 2400 ft on Marshall Road and 1200 ft on Willodell Road. Currently leased to a farmer. For more details call Mazhar Roshan.

HAMILTON

FOR LEASE

PIZZA STORE

Very busy location close to QEW, Home Depot & all other commercial businesses. 400 sq. ft. retail space available. Good for office, storefront or any kind of business. TMI is roughly $8 PSF. Call LBO for viewing or more details.

BURLINGTON FOR LEASE

UPPER WENTWORTH - HAMILTON

2000 sq. ft. on lower level for storage.

Great investment opportunity. High traffic central mountain location approx. 2,800 sq.ft. two units one dentist, the other catering business. Many updates including exterior stucco, newer a/c, furnace. For viewing and details call lbo. Do not go direct. 48 hrs notice for showings. Showing between 9-5, Monday-Friday only. No weekend showings. $699,900

Colliers International Niagara Ltd., Real Estate Brokerage 82 Lake Street, Suite 200, St. Catharines, ON L2R 5X4 www.collierscanada.com 905-354-7413 411 East MaIN strEEt, WELLaNd

ChIppaWa CrEEk road, NIaGara FaLLs

3790 LakEshorE road, CaMLaChIE, oN

The former Welland City Hall, this multi tenanted institutional building is centrally located in Welland along East Main Street, a major commercial trade artery through Welland’s downtown. This well maintained property boasts ample on site parking and CC2 – Community Commercial Corridor zoning. Excellent East Main Street exposure, centrally located in busy commercial trade area. Two storeys plus full finished basement. offered at $999,000.00 Contact Mike Halliday & david fulton, sales representatives mike.halliday@colliers.com | david.fulton@colliers.com

Two parcels being sold together: +/-32.862 acres and +/-14.845 acres. Taxes $5991 are total annual 2018 for both parcels combined.

This links-style, 18 hole course is in exceptional condition. It includes a +/-22,000 sq. ft. club house featuring a full day spa facility, 7 overnight guest suites, an extensive food, beverage & banquet facility, and fitness room. It also features an attractive outdoor salt water pool with its own lounging area & a separate Pro Shop facility overlooking the first hole. offered at $2,900,000.00 Contact Mark stevens, sales representative mark.stevens@colliers.com

170 ChurCh strEEt, st. CatharINEs

570 WELLaNd avE., uNIt 5 st. CatharINEs

575 & 625 GarrIsoN road, Fort ErIE

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 $1,600,000.00 Contact gregory Chew, sales representative greg.chew@colliers.com

+/-51,000 SF, 12 year old warehouse building For Sale in one of St. Catharines largest industrial complexes. The building includes offices, a cafeteria and washrooms. The shop floor area has a sloped roof with 23’ ceiling height at the peak and 18’ at the eaves. offered at $4,335,000.00 Contact gregory Chew, sales representative greg.chew@colliers.com

Together, both sites make up the largest retail development site in Fort Erie with excellent frontage along Garrison Rd. Municipal services available. Many Permitted Uses including: Hotel, Retail, Restaurant and Department Store. Easy access to Q.E.W. and U.S. Border. Daily Traffic Count of 13,000 (2015). Land has been cleared and is ready for immediate development. Sites are available separately. offered at $2,786,000.00 Contact gregory Chew, sales representative greg.chew@colliers.com

1156 CoNCEssIoN #6, NIaGara oN thE LakE

630 MaIN st. East, haMILtoN

4030 MoNtrosE rd., NIaGara FaLLs

rEduCEd!!!

Fully licenced Estate Winery available, situated on +/- 20 acres. Farmed since 1971. Approximately +/-14 acres of Riesling and 4 acres Baco Noir. Manufacturing & VQA licences would need to be approved for transfer. Well maintained concrete & steel clad building housing the wine tasting bar & retail boutique. offered at $3,795,000 Contact ralph roselli, sales representative ralph.roselli@colliers.com

Brokerage appraisals ManageMent

offered at $1,250,000.00 Contact Mike Halliday & david fulton, sales representatives mike.halliday@colliers.com david.fulton@colliers.com

FrEE parkING

Professional office building with high end rentals above. Very clean. Available immediately. LTR route. New 2 way traffic coming soon. Common area bathrooms. Utilities extra. Fully renovated, just needs your colours. Plenty of on site parking. offered at $10.00 psf net Contact ralph roselli, sales representative ralph.roselli@colliers.com

+/-1,520 sq. ft. to +/- 2,800 sq. ft. of office or retail space available in a prime high traffic Niagara Falls location, directly off of the QEW. National tenants include Starbucks, Burger King and more. Plenty of on site parking. offered at $9.00 psf n/n/n. 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.”

1882 Niagara StoNe road, Niagara oN the Lake offered at $24.00 pSf/N/N/N

L ai Nt t re me w op Ne veL de

+/-1500 sq. ft. to +/- 4,500 sq. ft. retail units, different configurations available to suit your needs. Ideal location on a major thoroughfare (Hwy. 55) in the town of Niagara on the Lake. Leaseholds negotiable. Many permitted uses under zoning. DRIVE THRU POTENTIAL. Current tenants include Simpsonâ€™s Pharmacy, Professional Medical Clinic & Family Health Team. Ample on-site parking. Garden terrace. TMI (est. $8.00 psf) to be verified. Utilities extra.

900 heLeNa Street, fort erie New iNduStriaL deveLopmeNt

Will Build to Suit. Artist rendition, with approved site plan. Industrial park ready for development with many uses. Phase 1 is ready to commence. Multi tenanted or free standing buildings. Close to US border, Peace Bridge. Easily accessible. Truc assessibility, large turning, power and city services. Rates and terms to be negotiated. 43

ROB MCDONOUGH SALES REPRESENTATIVE

TEAM

Dir: 416-294-3157 • Off: 905-936-3500

ROB@ROBMCDONOUGH.CA • WWW.ROBMCDONOUGH.CA

TOTTENHAM

LI ST IN G

NE W

LI ST IN G

NE W

LI ST IN G

ADDITIONAL LAND PACKAGES AVAILABLE NE W

NE W

LI ST IN G

Chay Realty Inc. Brokerage

ALLISTON

ALLISTON 6220 3rd Line, Tottenham Tottenham Investment Land of 105 Acres Close To New Housing Developments in South Tottenham. House, Barn and Workable Land. $4,000,000. RobMcDonough.ca

LI ST NE

LI ST W NE

LI ST

IN G

6900 12th Line, Alliston Alliston Pre-Developement Land. 108 Acres Presently Workable Farmland surrounded by Housing Developer Owned Lands. $4,500,000. RobMcDonough.ca

IN G

6172 13th line, Alliston Alliston.Developers, Investors and Farmers. Take Note Of The Close Proximity Of Briar Hill Development District To This 96 Acres Corner Lot $4,500,000. RobMcDonough.ca

IN G

6768 5th line, Tottenham Tottenham Investment Land 173 Acres Abutting Employment Lands With Nat Gas, Sewer and Water Connections At The Road. $10,000,000. RobMcDonough.ca

Tottenham Investment Land 173 Acres Alliston 145 Acres Situated Amongst Developers/Investors, This 96 Acres Of Abutting Employment Lands With Nat Gas, Developer Owned Lands 1 Lot South Of Draft Land Abutts Draft Approved Commercial/ Sewer and Water Connections At The Road. Approved Commercial/Industrial Zoning. Two Industrial Lands In Alliston. $6,000,000. 6275 7th Line, Beeton 6368 3rd Line, Tottenham Sideroadand 10, Alliston 6426-6440 13th Line, Alliston $10,000,000. RobMcDonough.ca RobMcDonough.ca Residences, half Workable, Plus4444 Woodlot Alliston Equestrian Farm Investment Close To Briar Hill Perfectly Located Between The Growing Towns Of Beeton and Tottenham Investment Property of 50 Acres Plus A House, Developers/Investors. This Land Abuts Draft Approved River. $6,000,000. RobMcDonough.ca Housing Development. Century Home, Barn, Drive Sheds, Tottenham. This 62 Acre Parcel Of Vacant Land Is Ideal For A Barn & Pond located Close To New Housing Developments Commercial/Industrial Lands In Alliston. $6,000,000. Farm Or Dream Home Build. $2,400,000. RobMcDonough.ca

ALLISTON

in South Tottenham. $2,000,000. RobMcDonough.ca

Stalls and Paddocks. Adjacent 96 Acres For Sale Separately. $1,500,000. RobMcDonough.ca

ALLISTON

RobMcDonough.ca

TOTTENHAM

4062 Line 9, Bradford

9105 West River Road, Hockley

Exclusive Listing

2705 Concession Road 2, Adjala

This 50 acres is just 4 Lots Outside Of The Bradford Employment Lands That Are Minisrty Designated To Convert To Commercial Zoning. $3,000,000. RobMcDonough.ca

Hockley 3 BR Bungalow On Private 1.65 Acres With Separate In-Law/Rental 1 Bedroom Apartment plus Full Basement $725,000. RobMcDonough.ca

Exclusively Listed Country All Brick Bungalow 3+2BR In South Adjala On Just Over 1/2 Acre Of Privacy Among Larger Farm Properties. W/Out Basement Is Partially Finished. $489,000. Rob McDonough.ca

Hockley 50 Acres Of Clear and Wooded Privacy With A Large Pond. House Could Be Re-Built or Build Your New Dream Home. $799,000. RobMcDonough.ca

Alliston.Developers, Investors and Farmers. Take Note Of The Close Proximity Of Briar Hill Development District To This 96 Acres Corner Lot/ $4,500,000. RobMcDonough.ca

Alliston Pre-Developement Land. 108 Acres Presently Workable Farmland surrounded by Housing Developer Owned Lands. $4,500,000. RobMcDonough.ca

BRADFORD

BEETON

1717 County Rd. 50, Adjala

5954 12 Line, New Tecumseth

Country Custom Built Mansion of over 7,000 square feet of Opulence on 50 Acres. Ideal For Extended Family, Horse Farm Or Private Estate. $3,149,000. RobMcDonough.ca

Potato Farm Land of 93 Acres Partially Tiled With An Irrigation Permit Close To Alliston In The Heart Of The Growth Area Between Beeton & Alliston.$1,995,000. RobMcDonough.ca

Tottenham Investment Land of 105 Acres Close To New Housing Developements in South Tottenham. House, Barn and Workable Land. $4,000,000. RobMcDonough.ca

5099 14th Line, Cookstown

Developers/Investors/Farmers/Dreamers This Is Your 100 Acre Property Sitting High Up With Views To The South For Miles With Workable Land, Trees and Pond. $1,495,000. RobMcDonough.ca

3951 Concession Rd. 4, Loretto TOTTENHAM

Loretto Farm Land/Building Lot 100 Acres With Nottawasaga River Running Thru The Middle making it divisible into two Lots of 65/35 Acre. Great Location! $1,195,000. RobMcDonough.ca

488454This 30th Sdrd, Mono Is Outside Of The 6989 12th Line, Alliston Concession Rd. 3, Adjala 6947 11th Line, New Only 4 Lots 50 Acres Perfectly Located Between The3049 Growing Towns Tottenham Investment Property ofTec 50 Acres Family & Business Set Up Ready To Go on Escape to Hockley Valley, Private Wooded 10 Acres, 4 BR Hobby Horse Farm. Cute & Cozy Home Is A Perfect Fixer Bradford Employment Lands That AreCountry Minisrty Of Beeton and Tottenham. This 62 Acre Parcel Plus A House, Barn & Pond located Close 2.6 Acres With Total Privacy On A Paved Road With Home With In-Law Suite, Pond, River, Sauna, & Bunkie. Upper on 2.5 Acres.. Large Barn & Drive Shed w/13 Stalls GasZoning. Access. $829,000. RobMcDonough.ca McDonough.ca and 4 Paddocks. $479,000 RobMcDonough.ca Designated To Convert To Commercial Of Vacant Land Is Ideal $799,000. For A Rob Farm Or Dream To New Housing Developements in South $3,000,000. RobMcDonough.ca Home Build. $2,400,000. RobMcDonough.ca Tottenham. $2,000,000. RobMcDonough.ca

Hill Top Hobby House Farm With The Complete Package Of Timber Frame House, New Built Horse Barn, Paddocks & Pond. $1,249,000. RobMcDonough.ca

ALLISTON

Potato Farmland Of 93 Acres Partially Tiled With Irrigation Permit. Close To Developer Owned Land In The Growth Area Between Beeton & Alliston. $1,995,000. RobMcDonough.ca

Alliston Equestrian Farm Investment Close To Briar Hill Housing Development. Century Home, Barn, Drive Sheds, Stalls and Paddocks. Adjacent 96 Acres For Sale Separately. $1,500,000. RobMcDonough.ca

Developers/Investors/Farmers/Dreamers, This Is Your 100 Acre Property Sitting High Up With Views To The South For Miiles With Mostly Workable Land, Trees, and Pond. $1,495,000. RobMcDonough.ca

DEVELOPMENT OPPORTUNITY Outstanding investment opportunity in the heart of the New Employment District of North Oakville. Prestigious location with 245 ft frontage on Dundas Street. Surrounded by major future employment development project.

M. Abusaa Broker of Record 416 825 7775 m.abusaa@akarat.ca

• Tax Rebate • Tax Resolution • Tax Optimization Andrew Ku

CPA, CA Licensed Public Accountant

Hesham ElZoghby Broker 647 705 2620 h.elzoghby@akarat.ca

SERVICES • Corporate and Personal Tax Services • CRA Tax Audit Assistance I Tax Appeals • Tax Planning, Structuring and Tax Optimization for Investors, Realtors, Builders and Property Managers • Audit, Review and Compilation of Financial Statements • Real Estate Investors Tax Services • Non-Resident Tax Services • HST Consultation Services • Real Estate Investment Vehicle Services

Andrew Ku Professional Corporation

• 3080 Yonge Street, Suite 6000, Toronto ON M4N 3N1 (Yonge/Lawrence) • 370 Highway 7 E, Unit 106C, Richmond Hill ON L4B OC4 (Bayview/Highway 7) • +1 (416) 855 3080 | +1 (416) 522 0011 • info@RealEstateTaxes.ca 45

1730 DUNDAS ST.

Kitchener Sixplex $919,900 Exclusive Listing.

LONDON ON N5W 3E2 MLS# 165280

Oxford County Fiveplex $631,900 Exclusive Listing. Former Restaurant Building on corner lot just less then an acre. $345,900 MLS. Excellently located, Dundas & Third, 2 storey building with a total of 8000 sqft for lease with parking. Main floor 4000 sqft plus basement space available. Upper level smaller individual units from 500 to 1500 sqft. Now available. Price $10.00 net per sqft. To view contact Joe Pinheiro 519-870-0670.

JOE PINHEIRO Pinheiro Realty Ltd.

519-870-0670

Wanted: Muti-unit Res Building, plazas and development land.

nick tsimpragos

Broker

519-729-8493

Wolle Realty

What our clients are saying about us

“WE PRODUCE RESULTS”

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LAND DEVELOPMENT / INVESTMENT / BUY & HOLD FUTURE

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SALE

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30611121

NEUSTADT

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IAL SUBD IVISI

48 Lots, Approved Draft Plan “one of Subdivison In Canad tiest Little a’s PretNeustadt, Towns – including Ontario” Lots facing4 separate Forler Stree(in RED) t which can be built immediatel on y, only 10 minutes South of ASKING Hanover. $790,000

Beautifully finished on high traffic street from basement Hwy# 401. to Currently with high expos attic (4 floors). ure, just Located turn-key minutes full spa. LESTER south of Coldwell TOBIN Banke r Comm ercial

6-214-48 41 7

E-mail:

Sales Repres entativ

Peter Bennin e, P: 519-7 ger Realty Lester-Tobi43-5211 Ext: , Broker age n@coldwel 3023 lbankerpbr .com

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CONTACT: WINSTON DAVIE REALTY INC. REAL S, BROKER OF RECO ESTATE RD TEL: 519-8 BROKERAGE, GUELPH, EMAIL: 36-2080 ONTARIO wjmdavies@ rogers.com

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Beautifully 192 PLAINS ROAD EAST, on Plains maintained office BURLINGT Rd., Recep building, space on main floor, tion area, Board Excellent expos ON Kitchen, ure Large rear 3 separate offices room, Large open with frontag e landscaped. parking on lot, Whee 2nd floor, Finishconcept office lchair access ed basem Contact ent, ible, Profes Coldwell sionally Banker Integrity WILLIAM Real Estate Email: wdejo DEJONG Inc. ng@cbci.ca Broker | Phone: 289-2 HANEM 91-5068 or Email: hham HAMOUD ouda@cbci.c A Sales Repres entative a | Phone : 416-4

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stakteam@gmail.com

905-333-3500 1917_DJW_4_0001

HALDIMAND COUNTY

$78,888 Only minutes walking to the water of beautiful Fort Erie. Lot zoned residential over an acre of land. This lot is priced to sell and it is in a location or anticipated future building lots. Call today and get your offer in! “Selling Distinctive Lifestyles “ “Building Lot” minutes from Lake Erie and Beach with breathtaking views of nature’s finest. MLS #H3205662.

(COM)

Mar 17,

FC_0718

Feb 17 -

Paul J. Szostak

Broker / F.R.I. / P.S.A. / S.R.S. / C.-C.R.E.C. / A.S.A. / A.B.R. / S.R.E.S.R.C.C. (Past Chair) / R.A.H.B. (Director 2011-12)

For information call 1.800.268.0077

“WE PRODUCE RESULTS”

FREE CMA EVALUATION with this ad cut out LAND DEVELOPMENT / INVESTMENT BUY & HOLD FUTURE

Paul J. Szostak

Broker / F.R.I. / P.S.A. / S.R.S. / C.-C.R.E.C. / A.S.A. / A.B.R. / S.R.E.S.R.C.C. (Past Chair) / R.A.H.B. (Director 2011-12)

stakteam@gmail.com

905.333.3500

SALVAGE-YARD 1045 & 1049 MCDOWELL RD., E. NORFOLK , ON 2 DEEDS / PROPERTIES & 4 BUILDINGS

MLS # H4029395 1917_DJW_4_0001 EXECUTIVE RETAIL SPACE OWN & WORK, BURLINGTON, ON

99 CLINTON STREET, HAMILTON

1917_DJW_4_0001 SE

SE E TO V IRT UR U PI C A L S

ICE

$550,000 Multi use fully tenanted property with turn key operation. Seven units with separate meters. The 7th hydro meter is being installed. This amazing opportunity to generate approximately $52,000 net operating income! Roof replaced approx. 5 years ago. Parking available for up to 10 vehicles. Appraisal is available at a cost of: $2500.00 / AACI /2018 Value: $550,000.00 . Excl. 1917_DJW_4_0001 RETAIL WITH BUILDING UNDER 10,000 SQ.FT. SEASONAL COMMERCIAL

TIR

$588,888.00 MLS # H4029376 Asking Price: SPECIAL $699,888.00 Industrial / Commercial property. Size of building: APPROX. 7000 SQ.FT. IRREG. Lot Size: 0.22 Acre 110’ Frontage x 100.00’ feet depth. Zoning: “K” industrial / commercial. Taxes $11,440.00. Exclusive listing.

ICE

4080 SQ.FT. / 2 UNITS. OFFERED AT ONLY $ 1,100,000.00 4080 sq.ft. (2 Units Open Concept Joined) Both Units selling together with excellent Lease Income Approx. 8% Cap Rate.

MLS # H4033616

Mini- Putt and building was used for hot dogs / ice cream sales etc. High Density / High Visibility from HWY 3 in Beautiful “ Cayuga, ON.,” Once used as a Seasonal Mini-Putt / Snack Bar / Summer Attraction Location boasts over 1.6 Acres of prime real-estate off a main road with a 2 Storey / Building structure in need of TLC / Renovations / Roof etc.. as it has been awhile since last being updated. Value is in the Land / Location. V.T.B. AVAIL. UP TO 250K. Only $ 588,888.00 MLS # H4033616

1917_DJW_4_0001 UNITS 420&421 TOGETHER PRESTIGE EXECUTIVE OFFICES

W NE

• Property Taxes: $13,388.00 / 2017 • 2 DEEDS AND 2 ADJOINED PROPERTIES WITH EXCELLENT ZONING: CTN & RES. • PROPERTY AREA SIZE: 2.58 ACRES / 104.21’ Frontage x 825.00’ Depth • 2 Buildings Approx. 4200 + sq. ft. combined and One house 4 bdrm • Fixed Chattels: Hoist, Paint booth / HM, Security Camera System. • Asking $ 1,100,000.00 / Immediate Possession • Location is in Simcoe and Norfolk County with Retail / Wholesale / Salvage / Parts / Repair • Highway Exposure • V.T.B. up to $400k

BUY/HOLD INVESTMENT APPROX. 10% CAP1917_DJW_4_0001 RATE W NE

SPECIAL PRICE $499,900.00 VACANT. Attractive commercial condo, idea for numerous applications. Located on a desirable busy street in Burlington, this unit should give you the exposure you need to succeed. Restaurants, shopping, businesses, residential homes, all at your doorstep. Located mins from the GO Station and major HWYs. 2 bthrms, one handicap equipped, 2 rooms with sinks, plus an additional rough in, also includes a basement.

1917_DJW_4_0001

415 #6 HWY S HAGERSVILLE

1917_DJW_4_0001

8 ,88 19 08 $6 M 20 R FA

EXCLUSIVE LISTING. Buy and hold investment opportunity. Fantastic agricultural property consisting of 30+ acres with two out buildings that can be used for multiple storage. Property has a possible severable lot, with possibility for commercial zoning as well. Home is being sold “AS IS. Vendor will consider V.T.B. mortgage. 47

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