western investor july 2012 section b
DESCRIPTION
Commercial Real Estate, Franchises and Business Opportunities in Western CanadaTRANSCRIPT
15 REBUILDING OF SLAVE LAKE “Inspired” effort pulls hope from the ashes
$ 4 . 2 9 J U L Y 2 0 1 2 V o l . 2 7 / I s s u e 7INTERIOR B.C. • ALBERTA • SASKATCHEWAN • MANITOBA SECTION
7 PINSTRIPES IN TRAILER PARKS REIT bean counters lusting for income turn to mobile home plays
11 BETTING ON ARED DEER BOOMSpeculative industrial builders see growth in Alberta’s power corridor
▲
Mayor Karina Pillay-Kinnee cites community’s “courage” after nearly a third of town burnt down
PUBLICATIONS MAIL AGREEMENT 40069240
RETURN UNDELIVERABLE CANADIAN ADDRESSES TO CIRCULATION DEPARTMENT:
102 EAST 4TH AVENUE, VANCOUVER, B.C. V5T 1G2
Tobiano Golf CourseKamloops BC – BC’s Premier Public Golf Course
For SaleAsking Price:$5,500,000
Court Ordered Salewww.tobianogolf.com
J-D Murray604 691 6664
tel 604 683 7535
www.naicommercial.caGary Haukeland604 691 6693
Commercial Real Estate Services, Worldwide.
LIFESTYLE PROPERTIES
SPECIAL SECTION • A14
The worlds largest Contempo Spa is now Franchising in your area. Experience the ultimate in spa treatments and superior customer service that has made Planet Beach the World’s largest, fastest
growing neighborhood Contempo Spa franchise.
Planet Beach Western Canada
B2 Interior British Columbia www.westerninvestor.com JULY 2012 WESTERN INVESTOR
Colliers InternationalCentre GroupCommercial RealtyKelowna, B.C.250.763.2300
www.colliers.com/kelowna
Colliers InternationalCentre Group Real Estate ServicesKamloops, B.C.250.372.7000
OKANAGAN CAR WASH
OSOYOOS
$ 2,675,000
MOBILE HOME PARK
$ 649,000
ALBERTA LIQUOR STORE
$ 869,000 + Stock
HIGHWAY 3
$ 1,550,000
GROCERY STORESRiondel BC $ 499,000
Armstrong$ 529,000
Merritt
$ 849,000
Vernon$ 1,228,000
WATERFRONT RESORT
HISTORIC GREENWOOD
$ 499,000
SASKATCHEWAN OPPORTUNITY!
$ 895,000
OKANAGAN RV PARK
$ 1,199,000
HIGHWAY 16
$ 495,000
ECONOLODGE INN AND SUITES
Asking $ 1,975,000
NEW LISTING
NEW LISTINGNEW LISTING
NEW LISTINGSOLD $ 200,000 to $ 2,090,000!
To view photos on these and other opportunities visit our website www.syberrealty.com
:eciffO 250-862-8100 Fax: 250-984-0803
MOTEL, HOTEL & BUSINESS CONSULTANTS MEMBER of the Canadian I.C. & I Council
201-1449 St . Paul St., Kelowna, B.C. V1Y 2E5
Syd Berisoff Agent/Broker
Larry BerisoffAssociate Broker
Jody L. Miller
[email protected] Real Estate Corporation
McLaughlin Commercial Group - RE/MAX Commercial - RE/MAX Kelowna
Ken McLaughlin, B.Comm. - 250.870.7845
APPROXIMATELY 115.68 ACRESLAND ASSEMBLY IN NORTH GLENMORE/
UNIVERSITY DISTRICT
Minutes from Kelowna’s International Airport. One side abuts golf course in Quail Ridge.
Gravel Pit is a permitted use!
70.80 Acres - Lot D $4,766,800 15.48 Acres - Lot 1 $1,161,000 11.32 Acres - Lot 9 $ 849,000 9.10 Acres - Lot 10 $ 682,500 8.98 Acres - Lot 8 $ 673,500
This assembly comprises 5 lots that can be pur-chased individually or as a complete
package.
Asking: $8,132,800.00 MLS®
Your First & Last Call!
Kris McLaughlin - 250.870.2165
OPERATING SALON & SPANK’MIP RESORT, Osoyoos, B.C.
Solstice Spa located in the award-winning, four-season NK’MIP Resort. Turn-key
package with an already proven location.
Asking: $186,000 plus HST MLS®
PRIME DEVELOPMENT SITES WINFIELD TOWN CENTRE
FULLY SERVICED & READY TO BUILD
2.93 Acres - Lots 1 & 2 $ 3,399,000 1.31 Acres - Lot 1 $ 1,699,000 1.62 Acres - Lot 2 $ 1,699,000 0.90 Acres - Lot 3 $ 1,000,000 2.67 Acres - Lot 4 $ 3,250,000
6.5 Acres – Asking: $6,500,000,00 + HST
MLS®
(Plus DLC – Latecomer Charges)
NORTH GLENMORE COMMERCIAL DEVELOPMENT OPPORTUNITY
Approx. 3.32 acres with C9 zoning. Currently being operated as a mobile home
and RV park. Site currently also has two residences. Neighbouring proposed
Glenmore Rd. to UBCO bypass.
Asking: $3,300,000.00 Exclusive
REDUCED BY
$1,000,000.00
RARE, NEW FEE SIMPLE MIXED BUILDING+/- 6,581 SF - 6 STRATA UNITS
Newly constructed corner fee simple mixed use building is completed. 3 residential and 3 commercial strata units. Superior construc-
tion! Commercial bays are available for viewing at any time.
Full Building: $2,000,000 plus HSTCommercial Only: $1,200,000 plus HST
NEW TILT UP INDUSTRIAL BUILDING 1,569 - 7,295 SQUARE FEETINCENTIVES AVAILABLE!!!
Lease Space on McCurdy Road. Air conditioning, gas re, forced air, electric, 200 amp., 3-phase power all available. Open
parking.
Asking: $12.50 psf plus CAM MLS®
LEASE OFFERINGS
INDUSTRIAL - Kelowna ,2 - 20,000 S Of ce arehouse 1,569 - 7,295 SF New Tilt-Up
RETAIL/OFFICE - Kelowna 1,000 - 5,000 SF Pandosy Area Lower Mission 1,990 SF Downtown Kelowna - West Kelowna 1,100 - 3,300 SF Main Floor Shell Units - Vernon 950 SF South Vernon ighway 6 - Lake Country 2,500 - ,000 SF Retail Pads Sites
SERVICE COMMERCIAL - Kelowna 3,176 SF Commercial Industrial Mix 9 SF Of ce
HIGH-END OPERATING SALON & SPA
OPPORTUNITY IN THE OKANAGAN
Actual revenue of $1M+ for 2011. Projected revenue of of $1.15M+ for 2012. Turn-key
opportunity with a stunning newly renovated layout with multiple salon chairs, spa
treatment rooms, manicure and pedicure options! as the ability to host wedding
parties, groups, couples and all-day packages.
Asking: $445,000.00 + HST Exclusive
6 0 4 - 6 6 9 - 8 5 0 0 o r 1 - 8 0 0 - 6 6 1 - 6 9 8 8 f a x : 6 0 4 - 6 6 9 - 2 1 5 4 i n f o @ we s t e r n i n ve s t o r. c o m w w w. w e s t e r n i n v e s t o r . c o m 1 0 2 E a s t 4 t h A v e n u e , Va n c o u v e r , B . C . V 5 T 1 G 2
FEATURES15
Town rebuilds one year after devastating wildfire
7 Juicy cash flow draws REIT players into the action
11 Seller’s market emerging in Alberta power corridor
Download a PDF of all our Regional Roundups online at www.westerninvestor.com
24 Change in old civic centre reflects city’s new confidence
COLUMNS21 26 27
On the coverSlave Lake Mayor Karina Pillay-Kinnee credits courage of community for rebuilding her fire-ravaged town.Photo: Joe McWilliams
2–10
11–23
23–27
27
LIFESTYLE PROPERTIES
B4 Interior British Columbia www.westerninvestor.com JULY 2012 WESTERN INVESTOR
(250) 231-5222 (CELL)
(250) 368-5508 (FAX)www.cbcworldwide.com
HOTEL, LIQUOR STORE, RESTAURANT $499,000
COURT ORDER SALE
LIGHT INDUSTRIAL BLDG $425,000
4 LARGE LOADING DOORS. OFFICES & MEZZANINE.
CENTRAL LOCATION 2400 SQ FT RETAIL/OFFICE BUILDING
$200,000
INTERNATIONAL SCHOOL52,000 SQ FT ON 7 ACRES
$1,490,000
CENTRAL SCHOOL $1,950,0003 LUXURY CONDOS ON TOP FLOORCALL ROB BURRUS 250-231-4420
DEV. PROPERTY $529,000
600 FT OF HWY FRONTAGE FOR AUTO DEALER & BODY SHOP.
FURNITURE AND APPLIANCE BUSINESS
INCLUDING 35,000 SQ FT BUILDING,
PRIME LOCATION, OWNERS WANT TO RETIRE
$1,995,000
1ST TRAIL REAL ESTATE LTD.
MILANOS PIZZA $169,000THIS TAKEOUT IS ESTIMATING
"400,000" IN 2012.
17,000+ SQ FT 13 ELECTRICAL SERVICES,
MULTIPLE PURPOSE BUILDING$699,000
MIDWAY STORAGE$1,290,000
NICELY LOCATED EXCELLENT SHAPE. 100% FULL. GREAT SELECTION OF TENANTS.
QUALITY INN 48 ROOMSRESTAURANT $2,190,000
NICELY LOCATED AT THE CROSSROADS OF THE KOOTENAYS. GOOD VOLUME.
DRY CLEANERBUSINESS $89,000BUILDING $169,000
CALL ROB BURRUS 250-231-4420
COLDWELL BANKER COMMERCIAL WORLDWIDE
,
O K A N A G A N O P P O RT U N I T I E S
Cell: 250-864-9140 Toll: 1-888-535-6962 [email protected] www.timdown.caColdwell Banker Horizon Realty
Tim Down AACI, P. App, CAE, RI(BC)"Professionalism You Can Trust"
Investment PropertiesAcreages Court Ordered Sales
“Representing Buyers looking for Apartment, Manufactured Home Park and Mini-Warehouse Properties”
www.mcmrealestate.ca
Mona M. Murray Dip. ULE, RI (BC), CPM250-372-2277 [email protected]
635 Victoria Street
429 Tranquille Road
Baskin Robbins
KAMLOOPS, BC FOR SALE
$799,000
$799,000
$199,900
GREAT OPPORTUNITY FOR MIXED-USE DEVELOPMENT
In Midway, B.C., minutes from the US border.
This property is located on the Kettle River
with over a kilometer of riverfront in a beautiful
east to west running valley. 45+/- acres comes
with a modern 6,000 square foot office building.
Make offer
Contact Quintin @ 406-375-4280
or email [email protected]
Subs
cribe
www.westerninvestor.com
CALL NOW 1-800-661-6988
WESTERN INVESTOR JULY 2012 www.westerninvestor.com Interior British Columbia B5
KAMLOOPS, BC & AREAFuture Mobile Home Park Clearwater, BC 15 acres plus 2.7 acres, highway commercial.
$249,000
Mini Mall Barriere, BC – 5 units plus vacant lot for future expansion 242 ft. hwy frontage
$399,900
Commercial Building, with 4 Bedroom Suite – Clearwater BC Building just under 4000 sq ft. ¼ acre lot. Current use is restaurant. $274,900
Kamloops manufacturing company specializing in granite, marble and quartz tops. $595,000 business only
Kamloops city center building for sale – approximately 2133 sq.ft. on the main floor plus full basement. $550,000
14 unit motel – Clearwater, BC – Consists of 8 attached units & 6 separate cabins, plus office with owners suite. On 3.26 acres along river channel. Buildings are in great condition. Monthly rentals plus daily summer rentals. $549,900
Kamloops City Centre – high volume restaurant - nice premises - land, building & business. $1.7 million
Attention Building Contractors – residential lots available, some approved for suites, some with views. This is an on going development with premium lots yearly Starting at $135,000
Call MARVIN [email protected]
www.realestatekamloops.ca
OKANAGAN – B .C . INTER IOR I N V E S T M E N T O P P O R T U N I T I E S
VADIM KOBASEWC O M M E R C I A L R E A L E S TAT E S P E C I A L I S T
250-492-2233 / 1-800-567-6770RE/MAX FRONT STREET REALTY, PENTICTON, B.C.
NEW LISTINGMOBILE HOME PARKWEST KOOTENAYS
20 Sites
Call for Price
DEVELOPMENT SITEGRAND FORKS
Asking Price $299,000
Option 1 Business Only Lease Land & Buildings9.5% Rate of Return Asking Price $1,899,000
Option 2 Business plus Land & Buildings. 7.7% Rate of Return Asking Price $4,199,000
VERNON SELF STORAGE BUSINESS OPPORTUNITYYOUR CHOICE OF TWO PURCHASE OPTIONS
CHRISTINA LAKE CAMPGROUND
Asking Price $699,000
FIRST TIME ON THE MARKET IN OVER 20 YEARS !
Town Homes with Storage…for all your Toys!Lakeshore Drive, Osoyoos - Only 5 Homes Left
DEVELOPMENT LAND FOR SALE
•40 acres in the Town of Olds, some site work completed on 1st phase of 40 lots remainder potenti al for MF .......$3.5 M
•17.6 acres w/ 26 rev. homes,1 ti tle prelim apprv for 42 lots + 6 ac SF/MF .................................................. $4.0 M
•11 acres SF/MF dev. site .......$600,000•116.2 acre hwy 2 Athabasca $1,150,000
*Terms considered on above properti es*
Call ANGELA BRANDENBURG(780)-439-9818 / 780-266-3888www.Edmonton-Homes-Land.com
MULTI – FAMILY in 100 MILE
Well maintained 23 suite mix of 1 and 2 bdrm units. In a desirable single family and duplex neighborhood. Well managed strong rental building. 7.86 cap at: $1,450,000
Exciting super strong rental complex consisting of singles, duplex, triplex etc. 34 units on 11 acres, with space and zoning in place for 150 total units. Act fast. 7.92 cap at: $1,995,000
Dave Hickey (877) 395-6196 [email protected]
RLP 100 Mile Rlty (250) 395-3424
14 apartment condominiums to be built to complete the 38-unit Valley Vista on a two-acre sloping property. Excellent view of Shuswap Lake from one side, forest on the other. One-bedroom, 600 sq. ft., two four-plexes and a six-plex. Some suites are level entry. Can be rented. Quiet pets welcome. Modulars built by SRI Homes in Kelowna. Foundations are ready and waiting for the two four-plexes. All services and driveways are in.
SALMON ARM, B.C.Reduced to $459,000
SALLY SCALES [email protected] or 250-833-2129
For full details contact:
ROSS PRIEST (Owners’ Consultant)
(250) [email protected]
One of Southeast BC’s Most Successful Family Owned & Operated Dining In & Catering
Will Sell Building as an option6500 Sq Ft Modern Building
FAMILY RESTAURANT
BUSINESS FOR SALE
East Kootenay, BC$1,200,000
SIGNIFICANT OPPORTUNITY IN MERRITTWagon West Travel Centre*15,800 sq/ft building*4.522 acres*Gas bar, 24 hr convenience store, Greyhound bus deposit, restaurant $3,580,000
David Peressini Email: [email protected] or 250-371-3022 Westwin Realty
B6 Interior B.C./Business Opportunities www.westerninvestor.com JULY 2012 WESTERN INVESTOR
Ever dreamed of owning the most charming Bed and Breakfast in the exquisite little City of Rossland, BC. Situated minutes from Red Moun-tain, golfi ng, biking, hiking etc..... This turn of the century home has been carefully upgraded and maintained. Extensively renovated, enabling guests to enjoy all the OLD WORLD CHARM, along with the comforts of today. Excellent family op-portunity as there is lots of room for a family along with guests, maintaining the privacy for each with 7 bedrooms, 6 bathrooms, library, formal and informal dining rooms, and amazing "gourmet" kitchen.
MARY MARTIN 250-231-0264 [email protected]
Dreams Do Come True!!
Offered at an incredible price of $559,000.
Marketing commercial real estate in Western Canada.In Print. On Line.
Advertise. Subscribe. Make More Deals. 1-800-661-6988
Online!New stories every week
Every Month!
In Print. On Line. www.westerninvestor.com
AUGUST ISSUE: AD DEADLINE JULY 16
Report: Prairie HorizonsGreen constructionAngel investorsFranchise NewsRecreational Properties
Regional Roundups:BC: Prince GeorgeAB: EdmontonMB: GimliSK: Spotlight: La Ronge
www.marilynbrock.com Toll Free (877) 423-8650
ROCKY MOUNTAIN CHOCOLATE FACTORY
$324,900
Offi ce (250) 423-4113
BUSINESS AND INVESTMENT OPPORTUNITIES
– Hwy & Rail Access
– 306 ft. Hwy frontage
– 9 bedrooms, 7 bathrooms on spacious lot. Built in 2008. Has all amenities needed. Reduced
– 6100 sf bldg. Large yard – 2 Tenants – 8.5% Cap – Future Highrise expansion
– Hwy Frontage – Secure Yard
COMMERCIAL BUILDINGS
DWIGHT VOSphone: (250) 554-4511
toll free: 1-866-456-0577 BEST-WEST REALTY LTD. KAMLOOPS
email: [email protected]
DEVELOPMENTAL LAND AND
GOLF COURSE FOR SALEIN THE BEAUTIFUL
BC INTERIOR
162 Acres 9-Hole Golf Course Club House Residence Trades Considered
BEST-WEST REALTY LTD.250.554.4511
Dwight Vos250.371.7992
Tracy Mackenzie250.318.2938
PRICE REDUCED
LOCATIONS WEST
at LivingInPenticton.com
3000sqft main floor commercial space and two partially finished residential suites upstairs waiting for someone to finish the renovations. MLS K4100066
Commercial building in the heart of downtown Fernie, BC
$588,000$588,000
250-423-1520ABE MARTENS RE/MAX ELK VALLEY
403-807-3086LORALEE THOMAS RE/MAX ELK VALLEY
Elkford Motor InnFull Service 22 room hotel with bar, restaurant, liquor store, conference room, banquet room and plenty of extra land for future development.
MLS# K4100143
$2,935,000$2,935,000
KOOTENAY LAKE WATERFRONT RESIDENCE
Ultimate privacy: 600 ft frontage w/ beach, wharf & boat moorage. Newer rancher w/ 2 bdrms,
den, vaulted ceilings, plentiful windows, & huge sundeck! MLS# K211046 $549,000
BRING YOUR TOOLS & TOYS! Outdoorsman's Dream. Custom 3700 sq ft home, extensive hardwood fl oors and a truly special design. 2900 sq ft completed shop is the bonus.
MLS# K212770 $675,000
KOKANEE PARK STORE & MARINE
500 ft of Waterfront!; Land, Buildings, & Business adjacent to Provincial Park. Convenience store w/liquor, fuel & lottery, marina, shop, residence on
over 2.6 acres. MLS# K4000367 $2,400,000
GLEN DAROUGHRE/MAX RHC REALTY
[email protected] www.glendarough.comToll-free: 1-855-352-7252
Each offi ce is independently owned and operated
NELSON, BC
RE/MAX All Pro Realty Office: 250-368-5000
The Old Fire Hall Wine Bar and ALL of its contents are
included in this amazing package. Indoor seating for approx. 90.
Price $466,000
www.greatertrailrealestate.com
Mario Berno 250-368-1027
Thea Stayanovich 250-231-1661
WESTERN INVESTOR JULY 2012 www.westerninvestor.com B7
hen the Toronto-based acqui-si t ion team at Canadian Apartment Properties Real
Estate Investment Trust – one of Canada’s biggest landlords with 31,000 rental units – went looking for a real estate investment beyond apartment buildings, they ignored shopping malls, office space or industrial buildings.
Instead it bought big into small manufactured-home parks in B.C., Alberta, Saskatchewan and Ontario.
In June CAPREIT announced it had bought a portfolio of 12 manufactured-home parks from Killam Properties Inc. for $72.3 mil-lion. This works out to $35,000 for each of the 2,032 pads it purchased.
As part of the transactions, CAPREIT also sold Killam a 199-suite Toronto apartment building for $33.5 million – or $168,341 per door.
It isn’t that the mobile-home parks offered fancy property: the sites include the 136-pad Lynwood Place in Slave Lake, Alberta, and 130-unit Poplar park in Gibsons, B.C, neither of which could be described as upscale hous-ing.
But it is the potential of cash flow, not esthetics, that attracted CAPREIT’s acquisi-tion squad, which has been quietly buying up mobile-home parks across the country since 1997 (they now make up more than 10 per cent of the REIT’s portfolio).
According to CAPREIT, the typical vacancy rate at the dozen parks it recently purchased is less than 1.5 per cent.
Mobile-home parks provide “secure and stable long-term cash flows, high occupancies, steady increases in average monthly rents and significantly lower capital and maintenance costs [when compared with apartment build-ings],” explained Thomas Shwartz, CAPREIT
president and CEO.Unlike tenants in rental apartments, residents
in manufactured-home parks own their own home and lease the lot it sits on for a monthly rental charge, usually around $300 to $450 per month.
Homeowners are responsible for all of the utility costs,
Well-situated urban mobile-home parks can also offer potential equity upside, since the land can be redeveloped for commercial or residen-tial development. That appears to be the case in Abbotsford this year, where a local developer evicted 100 tenants in order to redevelop the 12-acre property, likely into new homes.
These mobile-park residents were offered an average of $11,000 in compensation, though under B.C. tenancy legislation the park owner is only required to pay one year of rent, or an average of around $5,500.
Vancouver-based Walter Schultz, manager of business development with TD Commercial,is not surprised that institutional investors have wheeled into mobile-home parks. Schultz, who has specialized in the manufactured-home park industry for 12 years, said the parks offer a
FEATURE Manufactured-home parks now alluring to big-time investors in a “world looking for yield”
FRANK O’BRIEN
WESTERN INVESTOR
much better deal for investors than apartment buildings – or just about any other invest-ment.
Typical returns in urban areas are in the 6 per cent range, but parks in remote areas can post capitalization rates of 8 to 10 per cent.
“The world is looking for yield,” said Schultz, who explained that a Canadian gov-ernment bond is paying around 1.6 per cent. A Metro Vancouver rental apartment building – where average per-suite prices can easily top $200,000 – has a cap rate in the 2 per cent to 2.5 per cent range.
Schultz said he now discourages novice investors from buying Vancouver-area apart-ment buildings because the returns are too low and prices too high.
“There are no more deals in the rental-apart-ment market,” he said, explaining that smaller investors are left with what REITs and other big players have already picked over.
Mobile-home parks, on the other hand, offer distinct advantages, which is why Schultz said a lot of first-time investors are buying them.
Unlike an apartment building, the infrastruc-ture for a park is minimal since the tenants pro-vide the unit. The mobile-park owner basically has to cut the grass, make sure there is power
and water and keep the septic working, ratherthan worry about replacing roofs or HVAC sys-tems or repairing leaky buildings.
Schultz’ advice for B.C. mobile-home parkinvestors is to look at parks in mid-size markets with a high seniors population and fairly high housing costs. Good examples in B.C. would include Nanaimo and Chilliwack. In Alberta,parks close to Red Deer or Calgary could alsobe a good play.
Buyers should also study the property expenses over the past two to three years; look at theoccupancy levels; check the municipal servicesand access to amenities such as hospitals andschools; and study the competition for tenantsin the area.
If house prices and rents are low, mobile-home parks have less chance of success,Schultz notes.
Also, check out the water lines, electrical and gas services, roads and other park structures.
The standard management allowance for a park owner is 5 per cent, even where propertyis self-managed without payment of a manage-ment fee.
Schultz added that, in high-priced housingmarkets like the Lower Mainland, Kelowna orCalgary, the clear strategy for investors is to buy a mobile-home park with the intention ofeventually selling it for redevelopment.
But, notes Abbotsford realtor Harry Jesse,who has specialized in selling mobile-homeparks in Western Canada for 20 years, mostinvestors are looking at long-term cash flow.That’s why park owners are often reluctant to sell.
Mobile-home park pad rentals are restrictedin B.C. by the Tenancy Act; for 2012, the rentincrease is restricted to a 4.3 per cent. There areno rent controls in Alberta. Also, many munici-palities in B.C. have rules in place to regulate tenant evictions, so check with City Hall beforeyou invest, Jesse said.◆
High cap rates are turning investors into trailer park boys: this 102-pad mobile-home park in the Kootenays is for sale for $5.9 million. It generates $285,000 a year, net, says realtor Harry Jesse of www.mobileparks.com. Some parks have even higher cap rates.
Phot
o: H
arry
Jes
see/
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obile
park
s.co
m
Penthouse 1020 sq.ft. Vernon, BC
Phone: (250) 307-3737 [email protected]
Brand New 2 bdrm - 2 bath Enjoy outdoor living on your670 sq.ft. ROOF TOP PATIO!
Bring your hot tub!
Ready for Possession
Only $274,900
Horizon Realty
KELOWNA 6 PCE LAND ASSEMBLY
$2,099,000• 1.42 Acres - Centrally located
by Capri Mall • $65000 existing cash flow from
7 existing dwellings• OCP support RM5 zoning• $800,000+ below assessment
MLS 10047589
DAVID MOSSEY [email protected]
Great opportunity. High end shop, timberframe guest house, 2 greenhouses, 2,800 sqft started house. AF-1 zoning, pond, all fenced. .......................................................$1,299,900RICKY (Ulrike) HEDRICH [email protected]
16,000 SQFT SHOP ON 20 ACRES
www.mobileparks.comHomelife Glenayre Realty
604-302-3771 or TF: 1-888-251-2822 Fax: 1-888-804-1394 Email: [email protected]
Golden, BC – 101 pads, 13 acres ................................................... 5,900,000
North Battleford, SK – 60 pads, 10.9 ac................................................... 2,700,000
Invermere, BC – 31.48 acres, MHP site.................................................. 1,900,000
McLeese Lake, BC - 69 pads, Hse, 25ac.......................................................950,000
Langenburg, SK – 60 pads, 14 acres .......................................................927,000
Radium, BC – 9.77 acres, Cml Hwy Frtg.......................................................900,000
Houston, BC – 20 pads, 33 RVs 24 acres.......................................................895,000
Houston, BC – MH & RV Park, 40 ac+/-.......................................................299,000
Direct Line: 604-626-8894 Email: [email protected]
Bill Summers
THINKING OF BUYING OR SELLING?If you are thinking of buying or selling , please give me a call
I have many qualified purchasers looking for mobile home parks at this time. Confidentiality observed.
MOBILE HOME PARKS
B8 Interior/Northern British Columbia www.westerninvestor.com JULY 2012 WESTERN INVESTOR
Contact: John, C NamDirect: (604) 805-9131 Fax: (604) 931-1209Email: [email protected] Banker WestburnBurnaby, BC Canada WESTBURN
HOTEL - Prince George B.C. Full service Hotel w/ 120 units, Water Slide, Restaurant , Garden Lounge, Conferences Non Franchise, Offered at $9.5m
MOTEL - Franchise - Manitoba 79 units with major Highway Exposure Brand new with projected room sales $2m/yr Offered at $7.3m
PETRO-CANADA - Clinton B.C. Self service gas & grocery on busy highway Fiberglass fuel tanks – new pumps Business with one acre Offered at $1.3m
NORTHEAST BC REALTY Ltd. Phone 250 785 4115
“Investing Our Energy In The North”
Located at 10220 101 Avenue Fort St John BC V1J 2B5 www.NEBCRealty.com F: 250 785 4120
RON RODGERS - OWNER / MANAGING BROKER Email: [email protected]
NEBC ©2010—2012
COMMERCIAL LAND & BUILDING Located along Alaska Highway Frontage Road. High visibility with good access on and off highway.
The building is over 6,400sf and has been sectioned off for multi-use tenancy. However it can also accommodate someone in need of a combination office, warehouse, shop and yard.
ASKING $1.489 Million - MLS® N4505472 Charlie Lake BC
No Drop Ins Please ~ Call Ron for more information or to view Also Available For Lease
COMMERCIAL HIGHWAY FRONTAGE 8.58 ACRES...Ideal location for a commercial business wantinghighway frontage exposure, large yard for industrial traffic,additional commercial land for future growth, and more!House on site could be used for an office/manager residence.Wrap around driveway for easy access.Additional outbuildings for storage.1,800sf (60’x30’) shop has radiant heating, 200amp electric,office and washroom. ASKING $1.2 Million ~ MLS® N4505478
Charlie Lake BC NO DROP INS - CALL RON TO ARRANGE
VIEWING
2 Sections Agricultural Land For Sale within ALR. Revenue from oil & gas lease. Approx 85% cleared on DL2737 and fully fenced. Land is also generating revenue from lease to cattle and framing tenant. Several creeks are located on both sections.
Power located at property line along Steiner Road. Close to Prespatou School. Great location for Farming or Recreational Living! Asking $209,000 and $285,000 MLS® N4505493-94 Prespatou BC
Elaine Kienzle250 960-8769www.elainekienzle.com
Prince GeorgeWaterfront
Riverfront Townhouse site $500,0001.76 acres - approx 263’ of riverfrontzoned RM1 - multiple residentialpreliminary drawings for 13 townhomes
7.32 ac along the Nechako River $545,000zoned for subdivision - not in the ALRapprox 460’ of riverfront, nicely treedeasy access to downtown & UNBC
Acquire … scenic waterfrontzoned for recreational / residential development
not in the ALR - highway access26 acres, approx 1450’ of lakefront $275,00055 acres, approx 1650’ of lakefront $480,000
Remax Action Realty 1991 [email protected]
[email protected] Toll Free : 1-888-785-5520
FORT. ST. JOHN
The Power Of Partnership!
KATHY MILLERCURTIS ROBINSONPERSONAL REAL ESTATE CORPORATION
IDEAL FOR SMALL BUSINESS!
9610 - Sikanni Road2,000 sq. ft. bay w/front reception, offi ce & Mezz.
Shop consists of radiant heat, 14’ overhead doors, main door & fl oor drain. If you need 4000 sq ft the adjoining 9612 - Sikanni Rd. (N4505287) is also available. $14.00/ sq. ft. + NNN - MLS# N4505336
FOR SALE OR LEASE
PROSPECT PARK LOCATION
10711 - 91st Ave Updated offi ce space, new windows, doors and updated forced air furnace. 1100 sq. ft. of offi ce space attached to 3250 sq. ft. of shop. + 6500 sq. ft. of additional shop space available. $15.00/sq ft + NNN - MLS# N4505100
GREAT INVESTMENT
AWAITS !8912/8914 - 88th St.,Side by side
duplex. Upgraded shingles, siding, windows, doors, fl ooring, kitchens, sundecks, individual fencing, driveway & drainage. New tenants moving in July!$459,900 MLS# N216611
LOCATION, LOCATION!
10123 - 100th StreetA prime downtown location, right on 100th
Street, just under 2500 square feet divided into 2 separate retail spaces, both sides currently leased.
$299,900 MLS# N4504949
INVESTMENT GEM!
4717 - 51 St., Chetwynd
Fully occupied w consisted ROI to the owner. Contains established businesses & a fully furnished 2 bdrm apart. Torch on roof in 1999 & new fi re system in Jan. 2011. $1,200,000 - MLS# N4504915
OPPORTUNITY KNOCKING!
8224 - 93rd Street1050 sq ft of offi ce w/hardwood fl oors. Front reception & display
area & the shop with 3 bays, 1 is drive through/wash bay. Radiant heat, mezzanine area, 14’ overhead doors. Fenced compound all on city services.REDUCED $810,000 - MLS# N4504836
SOLD
4501 Greig AveMOUNTAINVIEW APARTMENTS
11 unit Building very well maintained with many upgrades and excellent cap rate.Call Dave for moredetails on this rare
investment opportunity
373 Kalum Lake Dr.Side by side duplex on
RD water.Many upgrades such
as roof, furnaceseptic system in the
last few years.BRING ME AN OFFER
$207,000 MLS
4525 Greig AveCommercial or retail. Your Business in half and lease the other
or excellent return on investment with both
sides leased. Call Dave for
more information
4712 Haugland Ave6 Bedroom 3 bathroom home with over 3000 sq feet. 2nd kitchen downstairs, double
garage & paved park-ing out front. Roof only 2 years old. Great Buy
at $249,900 MLS
CALL DAVE TODAY TOBOOK YOUR VIEWING
Terrace Office 250-638-1400DAVE MATERI 250-615-7225
COAST MOUNTAINS Terrace B.C. - A Place to Call Home
INVESTMENT PROPERTYFOR SALE
TERRACE, BC
PETER ZEBROFFCOMMERCIAL CONSULTANT
www.zebroff .com
FOR SALE Superb Sports Pub
& High Volume Liquor Store
In BOOMING
NORTHEAST B.C.
OAKRIDGE
113 + 20 seats - 4000 sq.ft.
2 lots + buildings
Licenses & chattels
Business growing by 10 % month over month
Asking $6.3 million
Gross sales $5.6 million
Radium HOT SPRINGS
Motel
$995,000
Wende Brash
250-342-1300 CellBroker/Owner RE/MAX Invermere 250-342-6505 Offi ce
WESTERN INVESTOR JULY 2012 www.westerninvestor.com Northern British Columbia B9
#133128: NEW STRIP MALL has 4 available spaces left for lease, 1,750 sq ft each. Great location on 8th street between Tim Horton’s & The Brick. Lease rates start as low as $16/sq. ft.Start your business here. Strip mall is 10,000 sq. ft.
Also for sale at $1,800,000
#135939 FOR SALE OR LEASE 5040 sq ft building on busy Alaska Ave. Many uses, drive thru availability, lots of parking, next to government liquor store. Owner will consider dividing building into two rental units.Priced at $795,000 or $16.00 per sq ft to lease.
#131876, 130050, 131875: HIGHWAY COMMERCIAL/INDUSTRIAL LAND Situated across from the EnCana event centre, Chances casino and new Holiday Inn this is a very desirable location. Total of three lots each approx 4.5 acres each, excellent visibility and access. Priced at $450,000 - $500,000 each
L A N D#137248: HIGHWAY FRONTAGE 1.1 Acre of indus-trial land on Highway 2, topsoil has been removed and an entrance installed and the property is shaled. Asking $199,000
#132673: Will builld to suit. In the centre of the City close to the traffic circle on Alaska Highway...1.55 acres of flat land with all new services to the property and bordered by 8th street and the paved roadway to the new apartment building. Excellent location, commercially zoned. $290,000
#135870: HIGHWAY FRONTAGE - Great visibility on this. 1.077 acre Industrial lot located on highway #2, all City services available. New developments in this area and this is the only lot left for sale along the highway Asking $159,000
#127836: SUBDIVISION FOR MOBILE HOMES! Total of 39 mobile lots are possible on this 4.6 acres, zoning in place, some services are already in, 3 lots have been subdivided. Call for more info. Asking $300,000
#127441: 80 ACRES OF INDUSTRIAL LAND with highway frontage, railway tracks, water and sewer in the City of Dawson Creek. Asking $31,250 per acre
#135241: COMMERCIAL LAND NEXT TO THE GOLF COURSE. Great location and potential! 10.33 acres that are zoned C-3 (highway commercial) between the driving range and regional district offices, close to a large campground. Lots of options, borders the Alaska Highway. $1,800,000
#137199: LOCATION, LOCATION! Across the street from Walmart on Highway 2 at the start of the danger-ous goods route or bypass. 2.25 acres of commercially zoned land and an easement at the rear of the prop-erty for a secondary exit or entrance to 8th street. Commercial and business possibilities. Reasonably priced at $360,000
#127066: LOCATION, LOCATION, LOCATION 0.74 acres at the intersection of 17 Street and Alaska Highway. Ideal location for strip mall, service station, etc. $295,000
RE/MAX DAWSON CREEK REALTY 1-888-214-5871DAWSON CREEK COMMERCIAL EXPERTS
D A W S O N C R E E Kwww.dawsoncreekrealestate.ca
TOM MORAN [email protected]
LLOYD SMITH [email protected]
#133401: BUSINESS OPPORTUNITY located on the east side of Dawson Creek. Belsum Auto Recyclers Ltd has a proven track record and shows a good return. In-cludes 6.5 acres of prime industrial land on Hwy #49, a heated main shop with 3200 sq.ft. and an adjoining 2400 sq. ft. building used for stripping vehicles. Lots of inventory, and equipment includes 3 forklifts and a skid steer. Asking $1,200,000 for the land, buildings, and turnkey business with inventory.
#129952: FOR SALE OR LEASE Multi purpose building with 2 units now leased leaving 11,000 sq ft. available. Upgrades include updated roof and furnacesAsking price is just $397,000
#129257: THE SOUTH PEACE UNITED CHURCH IS FOR SALE. OVER 11,000 SQ. FT. - Sanctuary, hall, kitchen, offi ces, and support services. Excellent corner location, zoned commercial, very good condition, ready for an offi ce or residential conversion. $495,000
#130083: Popular new restaurant (Brown’s Social Club) now open and Pizza Hut coming soon, lots of parking. 16,000 sq. ft. of prime lease space still avail-able. Competitive rates ... best location in the city!
#129953: RETAIL BUILDING Great location on 10th St over 3,000 sq ft on main and additional 3,000 sq ft on second floor, located next to Scotia Bank. Ground floor now leased out to only video rental company in Dawson Creek. Asking price of $375,000
#136621:INDUSTRIAL SHOP on 2.25 fenced acres of industrial land, building size is 3400 sq. ft. with 2400 of shop and 1000 of offi ce. Upstairs is a 1000 sq ft of living accommodation. Built in 2002 the shop has 16 ft high doors and in fl oor heating. For sale for $980,000 or $7500 per month lease.
FOR SALET E R R A C E , B . C .
For Further Information Contact:JOHN EVANS RE/MAX Coast [email protected] or 250-638-7001OFFICE @ 250-638-1400
RE/MAX COAST
MOUNTAINS
Priced to sell at $1,200,000
KITIMAT - BC’S LARGEST ECONOMIC
GROWTH PROJECTIONS
EVER!!!$599k 8 plex, $325k 4 plexs
and other investment
opportunities coming online!
20% + Cash on Cash ROI
CALL 604-725-4872 or 250-826-2284
EMAIL: [email protected]
D A W S O N C R E E K
Well established Towing and Recovery business in Dawson Creek BC. "Exceptional Towing & Recovery Ltd." 150 X 150 Chainlink fenced, grave/asphalt compound, 1 bay heated garage, dispatch/offi ce unit w/services, storage shed. Zoned M-2 Light Industrial. All Equipment included with list available upon request.
MLS® 134219 Price $895,000 For more info call: Nyla Lepine & Donna Cooper
250-784-4044 [email protected]@remax.net DAWSON CREEK REALTY 250-782-8181 “independently owned and operated”
B10 Northern British Columbia www.westerninvestor.com JULY 2012 WESTERN INVESTOR
RE/MAX Centre City Realty
Each offi ce is independently owned and operated
GEORGE Weinand 250-960-9556
KEN Goss 250-565-7653
— Your PRINCE GEORGE Commercial Professionals —
www.pgcommercial.ca
THINK REAL ESTATE...The Best Investment on Earth
490 Carson Ave. – Quesnel, B.C. BUSINESS/BLDG/LAND - 3,609 sq ft main fl oor 120 seat restaurant specializing in authentic English fi sh & chips. 1,559 sq ft second fl oor living accommodations, may be converted to a banquet facility plus 2,227 sq ft basement.
9080 Penn Rd.For Lease – 25,660 sq ft quality warehouse located in the Danson Industrial Park.
2977 Ferry Ave.FOR SALE – 0.8 Acres on corner of Ferry Ave. & Ospika Blvd. C-6 zoning.
1440 – 2nd Ave. (SOLD)Extremely well maintained quality 5,386 sq ft OFFICE bldg.
1150 – 3rd Ave.FOR SALE – Fully renovated downtown RETAIL/OFFICE building. 3,000 sq ft per fl oor, plus full basement.
1550 – 1st Ave.ONE OF A KIND OPPORTUNITY. 3 concrete block warehouse on 3 Acres. 44,080 sq ft total space. Well maintained with 11 loading doors, 13 O/H doors, 3 phase power & highway access.
2342 Westwood Dr.FOR LEASE – Highly visible 2,371 sq ft prime RETAIL/professional OFFICE space. Abundant parking, property has been completely updated. Net –lease.
760 Kinsmen Pl.FOR LEASE– New fi rst-class building in prime location. Ready for occupancy September 2012. Main fl oor 4,300 sq ft available and daylight basement 2,000 sq ft. Zoned C-4.
1880 Hart HwyFOR LEASE - 1880 Hart Hwy.Build to suit. Prime C-6 (service/retail) land on Highway 97 North. Net-Lease.
201 Victoria St.FOR SALE- Prime Second Ave. & Victoria St. corner site. 32,262 sq ft two-storey OFFICE/RETAIL building.
Lot #1 Atwood Rd.FOR SALE – Proposed sub-division. 17 – 4 Acre+ high quality rural residential lots. 78.8 Acres total. Within 14km of the WESTGATE SHOPPING PLAZA.
678 Vancouver St.For LEASE. 1,985 sq ft of top quality second fl oor offi ce space. 6 offi ces, meeting room, lunch room & common area. Net Lease.
2222 Balsam Ave. – Quesnel, B.C.Highly visible fi rst class 12, 177 sq ft main bldg. Also has warehouse, two mini storage warehouses & caretakers mobile home. Highway access.
‘Bee-Lazee RV Park & Campground’FOR SALE – A 49 pad campground, plenty of room for expansion & a modern 2,000 sq ft bungalow on 77 Acres.
#205 – 1396-5th Ave.FOR LEASE – 580 sq ft of professionally designed second-fl oor, top quality OFFICE space. Gross rate lease.
SubscribeOVER $2.5 BILLION WORTH OF INVESTMENT OPPORTUNITIES EVERY MONTH
FIRST CLASS DELIVERY
❏ One Year .............$42
❏ Two years ............$75
❏ Three years .......$105
Bill my: ❏ Visa❏ American Express❏ MasterCard❏ Cheque enclosed
GST Registration No. 10565567 GST Included
$42 could make you millions!
FAX BACK TO 604-669-2154OR CALL 1-800-661-6988
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Title
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Done Deals editorial feature will highlight deal flow in Western Canada.
Show the market what is moving and who is moving it. The monthly report will highlight major (basically 50K square feet or more; or land deals of $2 million or more) commercial real estate transactions that have closed within the last 30-45 days in Western Canada.
www.westerninvestor.com 1-800-661-6988
FRANK O'BRIEN Editor
Please forward this information directly toFrank O’Brien, Western Investor Editor at [email protected].
DONE DEALS
Please send us the following information:
WESTERN INVESTOR JULY 2012 www.westerninvestor.com B11
WHITECOURT AREA, ALBERTAHAUSER'S HARD NINE
GOLF COURSE MLS® 26721 $999,900Own your own private golf course! Located 30 minutes from Whitecourt & Barrhead on the corner of Hwy 18 & Hwy 757. This nine hole golf course is now available for sale. There is a club house and a a personal log home. A year round business opportunity with nature trails and 10 campsites. Some equipment also included that helps maintain the property. An added benefi t is the property can be subdivided. This is a one in a lifetime opportunity.
OFFICE INDUSTRIAL MLS® 27129 $899,000
• Triple A tenant rating for another 4 years! Renewable 5 year term.
• Excellent investment. Good rate of return & AAA tenants.
• Offi ce - 1440 sq.ft Bay 1 - 1040 sq.ft Bay 2 - 3000 sq.ft. • Total Space - 6000sq. ft. plus mezzanine 2000 + sq.ft.
PAUL CHAUVET 780-268-3949
KATHY WAUGH 780-779-7248
PAUL CHAUVET 780-268-3949
EXIT REALTY RESULTS Whitecourt, Alberta
780-779-0090 www.paulandsue.ca
Ph. 403.346.5533
REGIONAL ROUNDUP Nearly every sector in positive territory, with building permits up 60 per cent
Please see Offices page B12
DAVE HUSDAL
WESTERN INVESTOR
he numbers are up these days in the City of Red Deer.
Home sales. Home prices. Building permit totals. Population. Lease costs.
Central Alberta’s unofficial capital is firm-ly back in growth mode, something Keith Acheson easily observes in his commercial realty position at Century 21 Advantage in the oilpatch hub.
“The industrial market has been very strong over the fall and winter and into the spring,” offered Acheson, adding the build-on-spec mar-ket has returned to Red Deer after disappearing on the industrial side in the economic downturn.
“That’s something we haven’t seen for a couple of years.”
Acheson comfortably estimates the industrial vacancy rate in the Red Deer market – a mix of city industrial parks and Red Deer County industrial subdivisions – is now sitting under 5 per cent. It was a lot closer to 10 per cent back in late 2009 and early 2010 when recession was the word of the day.
Nowadays, a renter’s market has moved to a bit of a landlord’s market in the Highway 2 cor-ridor’s middle point. New industrial shell space leases for $12 to $13 per square foot, and land-lords aren’t exactly struggling to find tenants.
Acheson cites the case of one landlord with a project on the way.
“The first 12,000-square-foot building is three-quarters leased and it’s not even built,” he noted.
While the price range for industrial space can still vary from $8 to $14 per square foot, prices have generally firmed up as vacancy has declined.
Powering demand is a resurgent oil and gas sector and everything that goes with it – includ-ing expansion of the huge NOVA Chemicals
petrochemicals plant east of Red Deer at Joffre.
Nova announced earlier this year it wants to go ahead with what could be a $900 million expansion at Joffre, roughly 30 kilometres out-side Red Deer in Lacombe County.
The expansion would add another polyeth-ylene reactor to the site. Polyethylene is one of the building blocks in the manufacture of plastics. The expansion proposal would pro-duce between 40 and 60 jobs and contractor positions at the site once work is finished in fall 2015. The construction workforce would be far more significant, with an average of 150 to 250 tradespeople on site during con-struction and a peak workforce of about 500 in late 2014, according to NOVA.
The project is currently in the permitting stage, with a development application before Lacombe County and applications working their way through provincial regulators. NOVA isn’t looking for more water for operations, nor is it seeking a major footprint expansion, so it would seem likely the project will receive needed approvals by early next year, allowing for a 2013 construction start.
Given NOVA’s plans, industrial shop space demand in Red Deer isn’t likely to suddenly disappear.
Inside the city, things are also up notice-ably in 2012. Building-permit values for the first four months of 2012 hit $72.8 million, up $27.4 million over the same period in 2011 or roughly 60 per cent.
The increase was evident across all four building sectors: residential, commercial, industrial and institutional. Permit values and the total number of permits were up in all four categories. Residential values accounted for just under half the total for January to April 2012.
Housing prices are also rising this year in Red
Deer, according to figures from the CentralAlberta Realtors Association (CARA).
CARA past-president Patrick Galeslootsaid things have definitely picked up in the Red Deer market, and he expects the recent growth in activity to continue on through 2012 and into 2013.
The average single-family home price in Red Deer climbed in the first five months of 2012 to $348,944, up about 6 per cent from last year.
The price hike came with a higher number of homes selling. Sales were up 21 per cent for the January to May period. Apartment condo (18 per cent) and townhouse (7 per cent) prices were also up for the start of 2012, and while fewer apartments were on the market, more were sold – about 29 per cent more.
Galesloot says there is still caution in the
market, but there is also enough demand to pro-duce lots of multiple-offer situations for sellers.The difference is those situations may have led in the past to a sale above a home’s list price.For now, Galesloot says, even multiple-offer situations aren’t necessarily bringing a seller his asking price or more, as they did at times prior to 2008.
Unlike many larger municipalities, Red Deeris actively involved in residential land devel-opment and not just in redevelopment zones. About one-quarter of residential land being developed in Red Deer is owned by the city
Rents in Red Deer have remained fairly stable, with the average two-bedroom apart-ment renting for about $822 per month in fall2010, and only $5 more than that in fall 2011,according to Canada Mortgage and HousingCorp.
TOP: Red Deer’s City Hall: with no business tax, no sales tax and a surging oil and gas sector, city building officials are busy. INSET: Red Deer’s bustling downtown.
Phot
o: C
ity
of R
ed D
eer
/ To
uris
m
B12 Alberta www.westerninvestor.com JULY 2012 WESTERN INVESTOR
www.danpreston.caPersonal Real Estate Corporation
C O M M E R C I A L R E A L E S T A T E S E R V I C E S
SENIOR'S DEVELOPMENT SITE SALE: $1,990,000
Foundation in place, tendered plans, permits, ready to complete. 88 units.
RICK D. JENKINS780-990-6120 cellEmail: [email protected]
POLARIS REALTY Commercial Realtor
INVESTMENT PROPERTIES FOR SALE
20 UNIT, University area, best location, 14 ones, 6 twos- exclusive at $2,598,000 PENDING42 UNIT APARTMENT in Leduc, near 50% twos and threes - SOLD exclusively for $5,250,0002 ACRES on Ellerslie Road in Edmonton, busy south side corridor. Now being rezoned to DC2 for commercial, retail usage development- $2,170,00082 ACRE PARCEL adjacent to commercial corridor along St Albert Trail. Proposed land use concept to Mixed Use for Residential/Commercial/Business-$12,300,00068 FULLY SERVICED MOBILE HOME VACANT TITLED LOTS located within a modern Mobile Home Park in High Level, AB. MLS # E1014318 Price slashed to $975,000-PENDING
I need investment properties for all ICI categories. Looking for apartments, commercial/retail buildings, industrial properties etc.
SYLVAN LAKE HOTEL COMPLEX $890,000 .
Built on 5 commercial lots, high traffi c location
in beautiful resort town. 41 rooms, a restaurant
& lounge. Under receivership. MLS® E1016807
DORIS KEUNG / DENIS LAMOTHE [email protected] www.denisanddoris.com PANDA REALTY
For further information, contactGary & Renée Anderson
Hospitality Sales SpecialistsDirect: 780-432-1408
Carton Realty Ltd.Office: 780.444.6605
HOTEL OPPORTUNITIES
MARILYN DRADER 780-736-2243
INVESTOR or REVENUEP R O P E R T Y
14 Units, each with 6 appliances. Heated underground garages, PLUS 2 - 1bdrm suites downstairs - (no garages & 2 appliances with shared washer/dryers & outside parking). PLUS 1 guest suite downstairs with kitchenette. Rentable meeting/party room with full kitchen, library/exercise room for tenants.
The building is geo-thermally heated/cooled, and has elevator and intercom system, and full wheelchair ramp.
Total of 8 lots. Phase 1 as built covers 3.5 lots with 2.5 adjacent lots to the North for Phase 2 & 2 undevelopable lots in rear for parking etc. All units are full and there is a waiting list.
$1,950,000
Platinum Realty
Call 306-244-0981or [email protected]
COLD LAKE MULTI-RESIDENTIAL
LAND FOR SALEWith $2 billion in new oil sands development by Imperial Oil, Cold Lake is Alberta’s hottest city. Multi-residential land is well-located, serviced, zoned and ready for construction.
For Additional InformationCall LAWRENCE STEINKE& COMPANY REALTY LTD.Ph: (780) 447-9009
Edmonton Apartment complexes from $100,000/ unit
Apartment complex 45 miles from Edmonton great town 50 units $84,000/unit
Condo units from $115,000/unit
Development opportunity west Edmonton 37 +- acres zoned residential, this property was approved for a 22-1 acre parcel subdivision in 2008 with city water and sewer. Asking price $2,700,000 This site may have greater potential as a 44--1/2 acre lot subdivision.
Four contiguous quarters (640 acres ) of fenced pasture land 60 miles. NW of Edmonton A bargain at $700,000 total price.
Commercial bays and strip malls available with good returns, Call for details.
EDMONTONO P P O R T U N I T I E S
$$$$$$$$$$$$$$$$$$$$$
PRIME YUKON INDUSTRIAL PROPERTY
Prime commercial location on Industrial Road features 5200 sq ft on the main floor including retail area and large shop area at rear. Upper mezza-nine is 2700 sq ft of open storage area and offices. The CIM zoning allows most commercial operations and the prime location close to the corner of Quartz & Industrial Roads ensures great visibility for your business. MLS #6959 $800,000
126 Industrial Road Whitehorse, Yukon
For further information and tours please contact:
Ernie Bourassa, Dave Pearson or Darryl Weigand
1-867-667-2514RE/MAXAction Realty
Call 780-274-0484 for more information
FOR SALE Profitable 9 Hole Golf Course and Driving Range
from B11Apartment vacancy was sitting at around 2.9
per cent last fall, says the housing agency.
While the biggest bright spots in the Red Deer market may be the industrial and residential sectors these days, things are also fairly healthy on the commercial side, not just in terms of new building activity but in terms of what rental rate properties can fetch. Red Deer power centres in the city’s south end can snag in the range of $40 per square foot for annual rent, Acheson says, and other regional shopping centres aren’t that far behind at $30 to $35 per square foot.
Melcor Developments is moving ahead with its Clearview Market Square project in the northeast section of the city. The 22-acre project already has several financial institu-tions in the fold, as well as a grocery tenant and Shoppers Drug Mart on the way.
If there’s a sector of the real estate market that’s struggling in Red Deer, it’s the office market downtown. Acheson says while office projects outside the city’s core have found ten-ants, downtown vacancy is still relatively high. “That’s the one area where the market is fairly soft,” he said. “I would characterize that very much as a tenant’s market.”
A bright spot for downtown occupancy has been Red Deer College’s Donald School of Business, which has added to its offerings through a campus in the city’s downtown core in Millennium Centre on 49th Street.
Population 91,877New industrial lots $300,000+ per acre New service commercial lots $425,000 per acre Hot zone Commercial south endEconomic drivers Oil and gas, petrochemicals, agriculture
Red Deer offers some incentives to business, according to the city’s economic developmentoffice. Red Deer’s combined tax and utility rates are among the lowest in Canada and, aside from no rent controls, the city has no businesstax, provincial capital tax or sales tax. It also boasts a modern fibre-optics network, goodroads and three airports.◆
BRITISH COLUMBIA
Edmonton
Leone
U.S.A.
✪
2
ALBERTA
RED DEER
Olds
Calgary
Sylvan Lake11
Blackfalds
LIST1-800-661-6988
Top commercial realtors from across Western Canada market their list-ings through the Western Investor.
WESTERN INVESTOR JULY 2012 www.westerninvestor.com Alberta B13
INVESTMENT OPPORTUNITIES FROM BARCLAY STREET REAL ESTATE
EDMONTON OFFICE: p: 780-463-3332
CALGARY OFFICE: p: 403-290-0178
SOLUTIONSCOMMERCIAL REAL ESTATE Property
Management Office, Retail, Industrial
SALES AND LEASINGLand, Investment
SALES
LOCAL EXPERTISEMATTERS
FOR SALE
For more information or to view, please contact:
GEORGE [email protected]
p: 403-290-0178 f: 403-262-1314
restaurants, Saddledome, Stampede
developments (Sasso, Vetro, Nuera and Stampede Station).
appeal.
MIXED-USE COMMERCIAL BUILDING
BERNARD CALLEBAUT BUILDING
FOR SALE
SUNBOW PROFESSIONAL CENTRE
For more information or to view, please contact:
shopping and commercial districts, provides convenient access to various amenities.
OFFICE/MEDICAL PROF. BUILDING
RYAN [email protected]
RICHARD [email protected]
p: 403-290-0178 f: 403-262-1314
FOR SALE
CASEL MARCHÉ
For more information or to view, please contact:
MAIN FLOOR RETAIL
KELLY [email protected]
RYAN [email protected]
p: 403-290-0178 f: 403-262-1314
Market 17, J.Webb Wine
FOR SALE
SOUTH ACHESON INDUSTRIAL AREA Acheson, Alberta
For more information or to view, please contact:
DEVELOPMENT LAND
DOUG [email protected] p: 780-463-3332
GEORGE LARSONp: 403-290-0178
industrial and highway commercial uses.
60
16A
SPRUCE GROVE EDMONTON
FOR SALE
224 15TH AVENUE SW
For more information or to view, please contact:
RYAN [email protected]
RICHARD [email protected]
p: 403-290-0178 f: 403-262-1314
shopping and commercial districts, provides convenient access to various amenities.
OWNER USER OFFICE BUILDING
FOR SALE
For more information or to view, please contact:
KELLY [email protected]
p: 403-290-0178 f: 403-262-1314
Grounds, walking distance to trendy
MIXED USE REDEVELOPMENT SITE
CURTIS BLOCK
SUBJECT SITE
B14 Alberta www.westerninvestor.com JULY 2012 WESTERN INVESTOR
INVESTMENT SALESMULTI-FAMILY OPPORTUNITIES
Apartment product is in demand! Please call for our opinion of value of your building!
CHRISTOPHER KAMPHIUSor RAPHAEL YAU
COMMERCIAL CONDOS
CONTACT BURKE [email protected]
DEVELOPMENT OPPORTUNITIES
+/- 0.947 ACRES: in Valemount, BC. Zoned C3 (Service Commercial) ................................ $49,500+/- 1.05 ACRES: in Valemount, BC. Zoned HC (Highway Tourist Commercial) .............$455,000+/- 3.84 ACRES: Fronting St.Albert Trail, Zoned IB (Industrial Business) ........................ $3,500,000+/- 1.18 ACRES: Well located with direct exposure to 50th Street, Zoned CSC (Shopping Centre) ................................................... $1,362,000+/- 19.49 ACRES: Great access to both Anthony Henday and Highway 16, Zoned IM (Medium Industrial) ............................ $8,775,000
CONTACT JEFF MCCAMMONOR DOUG BAUER
3 MALLS FOR SALEWestlock:
Stettler:
Vegreville:
CONTACT DAVID COONEY OR DOUG FOGG
RETAIL STRIP CENTRE, ST. PAUL
CONTACT DOUG FOGG OR ADAM MARTINSON
SPRUCE GROVE, DEVELOPMENT LAND
CONTACT DOUG FOGG
OFFICE BUILDING FOR SALE
CONTACT IAN NEWMAN
MULHURST BAY CROSSING
INDUSTRIAL BUILDING FOR SALE
CONTACT JEFF McCAMMON OR DOUG BAUER
EDMONTON SPORTSDOME
CONTACT IAN NEWMAN, MARINO PADOAN ORLIAM WHALEN
MERRITT, BRITISH COLUMBIA
CONTACT [email protected] [email protected]
www.cwedm.com
CUSHMAN & WAKEFIELD EDMONTON2300 Sunlife Building, 10123 - 99 Street, Edmonton, AB T5J 3H1
PRIME WEST EDMONTON LAND – RA7
CONTACT JEFF McCAMMON / DOUG BAUER OR DUSTIN BATEYKO
SITE
WESTBAY CENTRE
CONTACT JEFF McCAMMON OR DOUG BAUER
Please Call Bob Chinn, Assoc.([email protected])
Web: chinnproperty.comPH: 780-434-4700FAX: 780-436-9902
Brand New Freestanding Building two storey with 4,000 sqft on the main floor retail & 5,000 sq.ft. upstairs divided into 4 units. Parking in the rear $1,820,000 located on busy 101st just steps from the new epcor tower, LRT systems and proposed hockey arena.
Office Building For Sale Prime Location on Jasper Avenue and 114th street in the Oliver Area. 4 storey building consisting of 56,012 square feet . Property is on 3 lots (50 feet x 150 feet) with also parking lots (92 feet x 150 feet) in the rear. Property is wedge between two drugs stores (Shoppers Drug Mart and Medicine Shoppe). New developments all around. Ellerslie RE Development Site 80 acre parcel across from the new Edmonton Recreation centre along Ellerslie Road. Pulse Pointe Development Site Located in the Quarters project on 95th street and 102 Avenue. A total of 4 lots (14,200 sq.ft.) (142 ft frontage and 100 ft deep. Presently, building is 11,840 sq.ft. This is a new up and coming area. Plans for future LRT system is slated for the area.
Land And Building For Sale Over 9,000 square feet on the main floor. Upstairs consisting of 4,000 sq.ft and basement level of 4,000 sqft., parking to the east of the building. Lot is 14,577 square feet (120 feet x 122 feet) Located in “the Quarters project” on 95th street and 102 Avenue. This is a new up and coming area. Plans for future LRT system, hotels and high rises is slated for the area. Business Condo in Old Stathcona 1500 square feet perfect for professional use, has 6 offices, storage, kitchen, reception area. Was used as chiropractors office, In desirable Stathcona. Close to all amendities, busy traffic. Freestanding BuildingFully leased out on busy Jasper Avenue on a 50 x 150 lot. Building is two storey approx. 5,000 square feet on the main floor with paved parking in the rear. 2 main floor tenants and 2 tenants upstairs. $1,700,000
or Mark Wilbert, Assoc.([email protected])
CENTURY 21 A.L.L. STARS REALTY LTD
EDMONTON & AREASHOPPING CENTRES,
STRIP MALLS, HOTELS & MOTELSAVAILABLE IN ALBERTA!
Call SammyEMPIRE REAL ESTATE GROUP
780-906-6652
WESTERN INVESTOR JULY 2012 www.westerninvestor.com B15
ore than 200 approved devel-opment applications for sin-gle-family and semi-detached
homes; permits for two apartment blocks (including one with 116 units); a new gov-ernment centre and assorted new stores and warehouses. Such numbers would be stag-gering for a small town like Slave Lake, if not for the fact that they are linked so directly with Alberta’s worst natural disaster in recent memory.
But that’s what happens when a wildfire overwhelms a town, yet the people show their resilience – and the will to pick up the pieces and start over.
“I am inspired by our residents each day,” blogged Mayor Karina Pillay-Kinnee on the first anniversary of the fire. “I have witnessed outstanding courage, bravery and persever-ance.”
That perseverance is obvious to any visitor.Slave Lake is a busy place these days.
Tradesman seem to be everywhere as the community of close to 7,000 moves forward roughly 14 months after wildfire ran over sec-tions of the northern Alberta service centre 250 kilometres north of Edmonton.
Housing has remained understandably tight though the aftermath of last May’s inferno, but the community hasn’t been a speculator’s paradise, says Judy Olsen, owner of Re/Max Slave Lake Realty.
She credits Canada Mortgage and Housing Corp. for some of that. In the aftermath of the disaster, the government agency ordered a signif-icant number of appraisals to make sure proper-ties sold after the blaze would hold up in value.
“They didn’t want to see a spike in the mar-ket, only to know that in a year or two when everything became normal again it would all level out,” Olsen said.
While there were certainly some relatively quick post-fire sales to people looking to buy immediately, such sales were more concentrat-ed in the apartment/condo and mobile-home market, Olsen says, and made to buyers who were looking for a quick solution for housing. Of these, most expected to rent out or resell their new purchases once they were able to rebuild homes that had been destroyed.
Olsen says some outside investors who owned properties in Slave Lake tried to make a quick buck after the May 2011 fire, but that there wasn’t a big jump in prices in the dis-torted market.
So a year after the fire? Houses are selling for pretty close to what they were in the pre-fire era. The most popular price range for single-family homes is in the $320,000-to-$375,000 range, Olsen says. That’s typical for something in the 1,300-square-foot category.
Builders are running flat out, rebuilding
COVER “I have witnessed outstanding courage, bravery and perseverance” in the wake of giant wildfire
DAVE HUSDAL
WESTERN INVESTOR
homes for folks who have worked through the details of insurance claims. There’s very little spec building going on, though some of the insurance re-builds will essentially become spec homes, reflecting the fact that not all Slave Lake homeowners have committed to staying in the community. They’ve made the decision to move on for whatever reason.
“There are homes that are being rebuilt that people will not be moving into, and they will be putting them on to the market,” Olsen explained.
There may also be some regular spec build-ing once the insurance-funded rebuilding is done, but for now, there’s little in the way of true speculation.
While rebuilding has been a big focus in Slave Lake, so have efforts to make sure such a disaster doesn’t happen again. The Alberta government has allocated $20 million to
the Slave Lake region for what are known as FireSmart projects – initiatives designed to lessen future wildfire risk and increase response capacity to such disasters.
The province has upgraded its strategy andpriorities for community protection, reviewedinternal wildfire-management standard operat-ing procedures and updated FireSmart commu-nity plans to meet extreme wildfire events.
It even started its wildfire-season efforts a month early this year and trained an additional 100 firefighters for duty.
Some of this should provide comfort for Slave Lakers, who have diligently pursued an unprecedented community renewal projectthey couldn’t have imagined 16 months ago.
Said Olsen: “The mood of the whole com-munity is basically we’re in a recovery state and we just have to get through it.”
The mayor has a single focus: total recovery. “I’d like to see this beautiful community fullyrebuilt,” Pillay-Kinnee said.◆
LEFT: Mayor Karina Pillay-Kinnee: inspired by the residents. TOP: more than 300 new homes are being built or are complete in Slave Lake one year after a wildfire destroyed one-third of the buildings. Construction materials are stockpiled around town as the recovery gets into high gear. Ph
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Population 7,000Average detached-house price $330,000Potential Community spirit
Break Out of the Box
Call 780.361.6231 or visit WWW.JEDIALBERTA.COM
City and County of Wetaskiwin, Town of Millet
Land...red tape…business costs…they can have any transportation & logistics business feeling boxed in.
Get your business freedom back 30 minutes south of Edmonton, where red tape is a bad word, there’s affordable land to spread out on, business costs are competitive, a nose to the grindstone workforce has your back thick or thin, and there’s easy access to major rail, road, and air linkages. Home Hardware chose us as its distribution hub for western Canada; Santa Clausconsidered us.
B16 Alberta www.westerninvestor.com JULY 2012 WESTERN INVESTOR
Val ToffoliPhone: 780-707-9395
REALTY EXECUTIVES POLARIS4107 - 99th Street, Edm, AB T6E 3N4
Selling Edmontonsince 1987
APARTMENT BUILDINGS:
12 Ste Character Bldg. Central McDougal. Over 6.5% cap rate. Some upgrades.
!
20 Stes – Great Central Location – Extensive Upgrades – Lge Stes – Excellent Mix – 10 Yr Assumable Mtg – 2nd VTB Mtg possible.
WANTED: APARTMENT BUILDINGSHave Qualified Buyers Ready to Purchase!
www.apartmentsinedmonton.comSutton Central Commercial - AN INDEPENDENT MEMBER BROKER
APARTMENT OPPORTUNITIES
(780) [email protected] Gill
6 UNITS – NORTH .....................................$620,0008 UNITS – NAIT ........................................$936,0009 UNITS – DOWNTOWN ............................$855,00012 UNITS – DOWNTOWN ..........................$925,00015 UNITS – WEST .................................. $1,500,00016 UNITS – NORTH. COMMERCIAL MIX .. $2,100,000 20 UNITS – EAST .................................. $1,850,00030 UNITS – WEST .................................. $3,000,000COMMERCIAL BUILDING. DOWNTOWN ......$450,000
MOBILE HOME PARKS
Walter Tymofievich250-487-1585 [email protected]
Mt. Sentinel Realty Ltd.
Blackfalds, near Red Deer/Edmonton, Alberta
82 sites @$400 per site, no vacancies + one home, all city services
Asking $3.6 Million---------------------------------------
Swan River, Manitoba69 sites (11 vacant) + one home + shop, on 25 acres, all city services.
Asking $630,000
7.93 ac C3 Zoning on Hwy 13 opp. of Airport $799,000
1.97 ac Industrial land in Stony Plain fully serviced ready to build warehousing etc. $580,000
WANTED: An industrial warehouse building and 2 to 5 acres of industrial land.
4 Plex in Evansburg (Sold)
Newly built SXS duplex in Edmonton Rent both sides or live in one & rent the other $334,900 ea side
Newly built 1350 sq bi-level in Athabasca $299,900
Marble Slab Ice Cream in Edmonton $240,000
Goldy Singh Empire Real Estate Group 780 499 8500
FORT MCMURRAY – FOR SALE OR LEASENEW INDUSTRIAL SPACE AVAILABLE – 2012
Call or
www.property-solutions.ca(2006) LTD.
EDMONTON LAND130 acres +/- zoned rural residential - 70% level grass & pasture, bal.
woodland grazing.Presently decommissioned game ranch, cadillac fencing & livestock
handling equip w/40x80 shop & living quarters. Could be livestock, cattle/horses/exotics or private estate situated on twinned highway 5 miles west of West Edmonton Mall. Airstrip presently being developed, super grass, fencing, privacy or develop to suit market.
For More Information Contact:
BOBCAT DEVELOPMENT780-722-4156
Newer Four-Plex
Call MIKE for details at:780-462-3405 or email:
Asking$565,000 P r i v a t e S a l e
WETASKIWIN, AB
Owners retiring (no agents)
Serious Inquiries to:
[email protected] your phone number,
name & location
ANSWERINGSERVICE
EDMONTON APARTMENTS
FOR SALEWEST END 38 UNITS
$6,800,000WEST END 14 UNITS
$1,890,000CENTRAL LOCATION 11 UNIT APARTMENT
$899,000
For more information please contact:SAM SIT (BROKER) at780-413-4800 Ext. 27
or email: [email protected] REALTY INC.
Judith Rimmer RE/MAX Commercial Direct 780 405-9333 or 780 429-1200 or T.Free 866-481-2950 [email protected]
Pigeon Lake: Private Harbour & Marine ownership for both acreages.7.96 Acres $549,000 with Panabode Home12.78 Acres - could be subdivided. $579,000Owner will consider trade for Commercial Bldg. in Edmonton Area.
New Sarepta AB - Convenience Store/ Small Restaurant/ Home Triple Garage $799,000Grossing over $1 Million per year. Excellent business in great community.
Bonnyville - 139 Acres with Town Water bordering town of Ardmore. Excellent hwy location only minutes to Bonnyville and in the heart of the Oil and Gas Industry. Subdivision possibilities. $499,000
Cold Lake - 144 Acres on Hwy 55 and Hwy 892 - Subdivide for Commercial and Industrial Lots. $2.5 Million
Trucks and Trailers – 50 Units Largest movie fleet in Western Canada $2.75 mil. Leased to Movie Production Companies. 2012 Appraisal available.
Edmonton 14641 -119 Ave. 2345 sq.ft. Newer Ind. Condo $399,900 or will lease. 24’ clearspan.
WESTERN INVESTOR JULY 2012 www.westerninvestor.com Alberta B17
B18 Alberta www.westerninvestor.com JULY 2012 WESTERN INVESTOR
City of WetaskiwinEconomic DevelopmentP.O. Box 6210Wetaskiwin, Alberta T9A 2E9 www.wetaskiwin.ca
For Details Contact:RONALD HOLLAND (780) 361-4404Edm Dir: (780) [email protected]
4110 - 79 Street NWCalgary, Alberta
10,250 Sq. Ft. Office Building
Calgary OfficePhone: (403) 214-2344 FAX: (403) 214-0244
BUILT ON THE POWER OF OUR NETWORK. OVER 375 OFFICES WORDLWIDE.
Shane OlinTel: (403) 708-9086
FOR SALE
602 - 12 Avenue SECalgary, Alberta
7,000 Sq. Ft. Downtown Site
Westmount Village Phase 1Okotoks, Alberta
24,175 Sq. Ft. Shopping Centre
Blair MastinTel: (403) 291-8869
Colleayn MastinTel: (403) 291-8868
FOR LEASE720 - 17 Avenue SW, Calgary, Alberta
FOR SALE – 8 ACRE DEVELOPED SITEWest Calgary Area
FOR LEASERetail/Commercial Bay Space
51 East Lake Avenue NE, Airdrie, Alberta
with lounge and VLT’s.
FULL SERVICE MOTEL
In Dynamic Good Sized City
Western Saskatchewan
Tim AndersonTel: (403) 291-8866
[email protected][email protected]
Jim CourtneyTel: (403) 291-8873
Heart of the “Red Mile”82 sq. ft. Main Floor and 3,210 sq. ft. 2nd Floor
LAND FOR SALE - DIDSBURY, AB
HOTEL - FULL SERVICE
Southeastern Alberta
facilities
MOTELS PRICED UNDER $700,000
Blair MastinTel: (403) 291-8869
Colleayn MastinTel: (403) 291-8868
Appraised at $18.5M Asking $15,000,000. 805.2 Acres Located at South/East sides of Eagle Lake in Wheatland County Alberta, Canada. Expired plan visualized approx1,200 homes, a golf course and light commercial.
7920 96 Ave NEStoney Tr. & Country Hills$ 1.8M 18.46 Ac House/Shop ZONING S-FUD Many options
HWY 7 Black DiamondTransitional 3.43 AcresAcross from RONA $ 1.8MCommercial/Residential
4 Aventerra Rd NW, Calgary, AB $290,000-495,000 2 Ac Lots
333 Confidential ST SE Calgary, AB $799,900 2,153 Sqft Automall Condo
www.CalgaryCommercialRealtor.com D’Arcy Browning 403.730.8755 or [email protected]
Baysprings Development SW Airdrie Parcels Available!R-5 Current plan for 5 Buildings, 60 Units each total 300 unitsServiced $3,888,000 R-3 Current Plan for 57 Town house Site 20’ Fronts Serviced $4,270,000
BUILDER ALERT! 52.9X131.4’ R-C2 lot2024 50 Ave SW, Calgary RIVER PARK/ALTADORE
RE/MAX REAL ESTATE CENTRAL
WESTERN INVESTOR JULY 2012 www.westerninvestor.com Alberta B19
Each office is independently owned and operated.
Each office is independently owned and operated.
Larry Melanchuk, Associate Broker
Cell: 780.826.0100 www.coldlake.info TF: 1.800.707.8374 A Division of Cold Lake 2000 Realty. Independantly owned & operated.
RE/MAXCold Lake
2000
$2B Expansion at Cold Lake oilsandsTake advantage of the economic spin offs
OPPORTUNITIES
R3 SITE FOR 14 - 4 PLEXS AT $698,000¼ SECTION 145 ACRESAdjacent to city of Cold Lake boundary and golf course. Zoned Country-Residential
$689,000¼ SECTION 132.8 ACRESOverlooking Jessie Lake. Adjacent to town of Bonnyville boundary. Future Country-Residential or annex to Bonnyville $795,000COMMERCIAL LOT IN COLD LAKE On Lakeshore Drive 55’ x 199’ $199,0007.2 ACRES ZONED HIGHWAY COMMERCIAL Services prepaid $749,9004 ADJOINING COMMERCIAL LOTS Highway exposure $95,000 each
www.AlbertaInvestor.com
WANTED: APARTMENT BUILDINGS AND MULTI-FAMILY
SITES IN BC & ALBERTAWE ARE LOOKING TO PRESENT YOUR REAL ESTATE
PROJECTS TO CHINESE INVESTORS
JERRY RACZKOWSKI RE/MAX REAL ESTATE
Bring Alberta and British Columbia Investment Opportunities to the Chinese Market Place
TWO GREAT Investment Opportunities in Grande Prairie, Alberta
ß 70.65 acres only minutes away from cityß A great mixture
of trees and rolling hillsß Perfect place to
build a dream home!
Acreage Subdivision development
TWO GREAT Investment Opportunities in Grande Prairie, Alberta
ß 10.5 acres property zoned Manufactured Home Community
ß Vacancy in Grande Prairie is extremely low, people are looking for lower priced homes
ß Basically in town and paved to the front of the lot
SHANE ZEYHA (780) [email protected] www.keyz.ca
$849,800
Investment Sale!
$424,900
ß Municipal water to the front of property line.
By-level property 1488 sq ft, 6 bedrooms
LAND AND PROPERTY FOR SALE
REALTY PROFESSIONALS
VIJAY THANKEY 403-554-4268www.vj2good.com [email protected]
Virtual Tour at: www.360pics.ca/vinjaythankey/1
CALGARY, AB
Virtual tour at
$339,000
MARBLE SLAB CREAMERY
REMAX REALTY PROFESSIONALS
VIJAY THANKEY [email protected] offi ce individually owned and operated
ACREAGE South of Calgary
56 Acres Just 2 miles South West
of Spruce Meadows
$1,590,000MLS® C3490911
Bob Wiseman RE/MAX Landan Real Estate
403-256-3888
B20 Alberta/Business Opportunities www.westerninvestor.com JULY 2012 WESTERN INVESTOR
• 3000 sq ft Victoria Park Office Space For Lease• 4000 sq ft Penthouse Office Space For Lease on 17 Ave SW• 2175 sq ft West Downtown Office Condo For Sale $761,250• 8 Suite Apartment Building in Marda Loop $1.2M• Downtown Floral Shop for Sale $79,900• Buyer Brokerage for Alberta Multi-Family Properties and Western Canada Golf Courses
Bus: (403) 240-4000www.toolepeet.com
Email: [email protected] to Receive Our Current Alberta Apartment Report!
MOTEL: Asking $3.79mil 38 rooms in Edmonton
MOTEL: Asking $1.79mil 45 rooms in Pincher Creek
CAR WASH: Asking $2.95mil Sale $600,000 I hour from Edmonton
ESSO GAS STATION + MOTEL: Asking $2.1mil25 rooms. Leased. I hour from Edmonton
MOTEL: Asking $1.19mil 26 rooms in Vulcan.
($320,000 sales steady for 7 years)
Thomas Koh (CIR) 403-680-9827
Cedar Villa Motel, Foremost, AlbertaAn excellent opportunity to purchase a very lucrative 13 room motel. 1053 sq ft attached house with 4 bedrooms and 2 bathrooms. Laundromat. Offi ce area. Laundry room includes 2 new washers, 3 dryers. 20x15 storage shed & 10x10 garden shed. Price includes stock. (MLS® 17537)Vendor may consider asset or company sales.
Price Reduced $499,000
GREAT BUSINESS OPPORTUNITY
Brent Schlenker 403-580-0222www.brentschlenker.com
OIL & GAS MAINTENANCE AND RECLAMATION BUSINESSHere is an opportunity to purchase the shares & assets of a successful contracting business that has been in business for 16 years and has an excellent reputation serving southwest Sask. Equipment is all owned & paid for, the majority is under warranty. Financial statements available for buyer. Serious inquiries only. $1,500,000 (MLS® 429878)
Brent Schlenker 403-580-0222www.brentschlenker.com
Business Opportunity
PONOKA, ALBERTALooking For Industrial Land next to a Railway Spur?
8 Individual Lots For Sale11.55 Acres ASKING: $ 1,732,500
Located at 49th Street and 60th Avenue in the north Industrial Park within the town limits.
Site is provided with all municipal services, and a railway spur connection to the main CPR line between Calgary and Edmonton. Recent rail crossing was completed by town of Ponoka.
Excellent manufacturing site or stage area for Oil Sands or other Northern Industrial projects.
Lots are for sale individually or as a
whole parcel. Owner may sell entire parcel within the Corporation with tax loss advantage to purchaser. Lots #10-15 are 6 contiguous lots; Lots#19&20 are 2 contiguous lots
Mary Yuen-Sears, Realtor®SUTTON GROUP - CANWEST
#1, 555 Hawkwood Blvd NW, Calgary, AB T3G 3K2
SOLDSOLD
SOLD
DUSTY SMITH TEAMSUTTON LANDMARK REALTY / RED DEER, AB
CENTRAL ALBERTA CAMPGROUND OPPORTUNITIES
LAKEFRONT! 403-347-0744
KACIKEWIN CAMPGROUND & CABINSOnly 40 min. west of Edm. 10.00 +/- Fully treed acres. 89 beautiful lakefront sites. Fully rented last 9 yrs. Store/Manager's residence. Room for expansion! Large sandy beach area. Located west of Alberta Beach on Lac Ste. Anne.
$3,250,000
RED DEER IS BOOMING AGAIN
-Walk To Red Deer College-Five 3 Bedrooms & 0ne 2
-Newer Windows & Exterior -Excellent Cash Flow
EXECUTIVE SUITE B U S I N E S S
FOR SALE in Calgary, Alberta
- Consistently exceeds 93% occupancy
- Easy to manage
- Safe long-term investment
- Vendor support available
Call 306-227-7760 or
An established Calgary developer
seeks an equity investment
for a 271 acre master planned
community in the Calgary region.
All approvals in place for ~ 1,800
residential units. Phase 1 servicing
complete with homes selling.
INVESTMENT OPPORTUNITY
ALBERTA LAND
DEVELOPMENT
For more information please email
www.cancorppropertygroup.com
Profitable & viable stand alone Registry Business. Located in Medium Size town in Fairview, Alberta at the centre of a large rural, farming, oil and forestry area. Owned by same owner since 1986. Good lease for space available at very reasonable rates. A document service buisiness is included with the assets.
Contact: email: [email protected]
cell: 780 835 0315
REGISTRY BUSINESSFOR SALE
CURRENT OFFERINGS
Featuring a number of suites and lofts in its room mix, extra vacant land that will facilitate a significant number of rooms well beyond its current number. Large, conference/banquet area with excellent facilities, restaurant/lounge, fitness centre; a very recent complete up-grade renders the hotel in superb condition with no differed maintenance currently.
well located in a prime commercial area a dynamic city, the stellar performance of its operation is attested to by its continuous outstanding growth in revenues, plus substantial up-side potential.
with potential uses for highway commercial and residential in a town with tremendous growth potential going forward, very reasonably priced at
A New Deluxe 2-Bedroom Condo Consisting of 2-bath rooms, fireplace, cable among many other superb Features, plus the many amenities such as swimming pool, sauna, fitness Center, indoor parking to name a few within the Building Complex’ Immediate possession available, a great buy with cash to an existing mortgage of $326,200 more or less, at the
, excellent condition no differed maintenance, first class Location that speaks for itself, superb occupancy and resultant revenues, mortgage financing at a very good rate, an investment the ultimate Purchaser will be very pleased to have in its investment portfolio. The up-side of this great Hotel going forward, is very good.
with every conceivable amenities and various conveniences, well located in and area of very strong economic development that renders continuous performances of this outstanding establishment. Excellent mort-gage financing is available for a qualified Purchaser.
, featuring indoor Swimming pool among its other amenities, very well located on a service road that gives it highway exposure, outstanding Revenue/occupancy performances.
Call the
marketing your franchise?
1-800-661-6988 (604) 669-8500westerninvestor.com
WESTERN INVESTOR JULY 2012 www.westerninvestor.com Alberta B21
Commercial,Industrial & ResidentialFinancing
P (403) 290-1990F (403) [email protected]
Obtaining Mortgages and Loans can be made Easy &
Simple!
Contact:Frank Hickey
We are looking for 1st or 2nd mortgage lending opportunities for:
Single and multi-family residential developments
Commercial, industrial and retail developments
Refinancing / acquisitions
Construction / land servicing
Bridge loans
Income producing properties
CareVest has been providing its industry leading lending services since 1994. Our integrated real estate services specialize in the investment, financing and syndication of real estate mortgages throughout Western Canada and Ontario.
BUSINESS & INVESTMENTS
ROCKY PARKCIR REALTY
403-681-7512www.rockypark.ca
MOTEL IN SUNDRE * Asking: $2.49M * SALES: $752,047 * NOI $366,681 * 25 UNITS * 17 VLT’SMOTEL IN DIDSBURY * Asking: $650,000 * Busy motel * 17 Units + 30 Seat restaurantMOTEL IN MOSSLEIGH * Asking: $599,500 * Sales: $160,000 * 17 Units + 14 RV parking stalls
GAS STATION IN SUNDRE * Asking $777,000 * Sales: $1,368,445
GROCERY STORE IN OYEN * Asking: $1.29M * Sales: $2.6M * Living quarters included
STRIP MALL IN CARSELAND * Asking: $2.2M * NOI: $140,400 * Building size: 12,600 sqft
RETAIL BUILDING IN CALGARY * Asking: $669,500 * NOI: 35,800
LIQUOR STORE IN TROCHU * Asking $549,000 * Sales: $853,721 * Totally renovated 1.5 years ago
LAUNDROMAT + DRY CLEANING IN ROCKY MOUNTAIN HOUSE * Asking: $324,900 * Sales: $293,501 * NOI: $144,480 * 12 Washers, 13 Dryers * Size: 3,164 sqft * Rent: $4,176
Lethbridge builders buzzing Building permit totals for the first four
months of 2012 in Lethbridge hit $54.5 million, up almost 49 per cent from 2011.
The increase was most noticeable in the industrial and institutional building catego-ries, but the number of permits was also up for new single-family homes, from 108 in the first four months of 2011 to 149 in 2012.
Industrial demand flatlines in capital Edmonton’s industrial vacancy rate failed
to climb much in the first quarter of 2012, despite new inventory hitting the market.
According to Colliers International, indus-trial vacancy in the Greater Edmonton market was sitting at 3.2 per cent for the first quarter of 2012, up only very slightly from 3.19 per cent three months earlier.
The vacancy rate stayed where it was, despite the addition of roughly 865,000 square feet of new industrial space to the market, roughly half that amount in north-west Edmonton.
“We expect continuing new construction on both a speculative basis and on a pre-leasing basis to address ongoing demand,” Colliers says in its latest update.
“Vacancy rates in certain areas are again approaching historic lows and, due to the time lag to deliver new building inventory, lease rates will move higher.”
The asking annual per-square-foot rate for vacant industrial space varies in the market based on location and bay sizes, but is gener-ally highest in the southeast and Leduc/Nisku zones favoured by oilpatch firms. Those rates range from $8.63 per square foot for the larg-est spaces up to $12.50 per square foot.
Tenants can find space in large bays for as little as $7.66 per square foot in the north-west.
“Pricing continues to be pushed as inves-tors secure positions in the marketplace and take advantage of today’s low-interest-rate environment,” Colliers concludes.
St. Albert willing to test P3sThe City of St. Albert has signalled a
willingness to think outside the tradi-tional build-and-own model for municipali-ties.
City council in the suburban community on Edmonton’s northwest corner unanimously approved a new policy to govern consider-ation for P3s – public-private partnerships – in late May.
“This policy provides the city with an important new tool to take on large infra-structure projects,” said Mayor Nolan Crouse. “With a council P3 policy we can apply for P3 types of programs offered through other lev-els of government.”
While the policy is now in place, the city has yet to identify any projects for consid-eration, said Guy Boston, the city’s general manager of planning and engineering.
The policy states that P3 initiatives must demonstrate value for the money, align with city priorities, protect the public interest and have established accountabilities and appro-priate governance.
While the policy might seem to open the doors for more private ownership in city proj-ects, it was announced at the same time the city approved the purchase of a privately held building to give more space to its growing RCMP police force.
High River lands land for centreThe Town of High River latched onto a
bargain earlier this spring.The growing community of 12,000-plus
south of Calgary is acquiring a 15-acre parcel
A judge’s decision allowing for an agree-ment between the Town of Canmore
and the receiver overseeing Three Sisters Mountain Village (TSMV) assets is viewed as a necessary step by Canmore’s MLA and for-mer mayor, but much still needs to happen before the troubled development proj ect can move forward in the mountain-resort town. Madame Justice B.E.C. Romaine ruled earlier this spring that PricewaterhouseCoopers Inc. (PWC) can now enter into an agreement with the town to finalize a wildlife corridor for the Three Sisters lands. While it has permission to do so in the interest of the Three Sisters creditors it represents, just how soon an agreement will come remains to be seen.
Banff-Cochrane MLA Ron Casey, Canmore’s mayor only a few months ago, said the judge’s order is a step forward, but any final agreement between the town and PWC will only be the beginning of a process.
“The final agreement with Pricewaterhouse would be something that covers a whole series of things, the wildlife corridor being one of them,” Casey noted.
Casey said he’s optimistic there will be an agreement between the two parties before the end of 2012.
Not everyone is that optimistic.Deputy Mayor Gordie Miskow said he doesn’t foresee an agreement being finalized in
2012, despite a fairly upbeat report from PWC to the court.The March 8, 2012, report from the receiver to the court said, among other things: “The
receiver has now however reached a point where it believes that it has the basis for an agree-ment with the town, which will resolve the wildlife corridor issue in a manner acceptable to (Sustainable Resource Development).”
As the receiver, PWC is tasked with representing the preferred credi-tors of TSMV. Those creditors are headed by HSBC Bank Canada, which is owed $27.5 million. The bank is also part of a loan syndicate owed another $44 mil-lion. As well, HSBC is the third-position creditor for another $22 million. PWC’s job is to secure agreements that will maximize the value of Three Sisters lands to get value for the creditors.
The land owned by TSMV and now controlled by the receiver covers about 1,495 acres, about 634 acres in what are known as sites 7, 8 and 9. There’s also an unfinished golf course. The book value of Three Sisters assets was pegged at around $320.8 million back in early 2009.
Canmore’s long land debate nears conclusion.
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of donated land from Spitzee Crossing Group as the home for a new leisure centre for the community.
The donation met a long=term need for the town.
“We know from listening to residents that there is a need for more recreation facilities in town and this is a priority for us,” said Mayor
Emile Blokland. “Selecting the location and acquiring the land is a big step forward for the future leisure centre.”
The town had been considering several pro-posed sites when the developer came forward with an offer to donate the land, according to city officials.◆
– Compiled by Dave Husdal
B22 Alberta www.westerninvestor.com JULY 2012 WESTERN INVESTOR
Reach potential buyers with money to spend. Western Investor readers have higher than average household income and a real interest in real estate.
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Investment OpportunityAvondale - Crystal Gardens Lake CommunityNewly remodeled home, 1870 square feet, 3 bedrooms plus den, 2 baths, prime location near shopping and freeway access, would make for a great vacation home or could rent for $1000-$1075 as an investment property.For Sale: $112,500
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find your vacation home or investment property.
erhaps the strongest evidence of a recovery in the Kootenay recre-ational market is the sale of ranch-
sized acreages at the exclusive Ranches at Elk Park just outside of Radium Hot Springs. Prices range to nearly $3 million – and that is just for the land.
“We have sold two lots and we have holds on two others,” said Rudy Nielsen, founder and president of Niho Land & Cattle Company,which is marketing the ranches through its sub-sidiary LandQuest Realty.
Prices roam from $9,000 per acre for small parcels to around $2,100 per acre for 400-acre and larger ranches.
The 3,500 acres at Elk Park, a gated ranch community and perhaps the only one in B.C., are divided into 16 ranches, from 36 acres to 480 acres.
The two lots that sold – one to a retired Edmonton oil executive – are both in the 100-acre size, as are the two with pending sales.
The Ranches at Elk Park are what Nielsen calls a “rare collection” of recreational private estate properties. The ranches are framed by Kootenay National Park and the Columbia Valley and prices range from $390,000 to $2.95 million for 200 plus acres with a lake.
“This is a very exclusive opportunity,” said Nielsen, 70, B.C.’s most prolific land dealer. In the last 40 years, he’s put together thousands of successful real estate deals, involving tens of thousands of acres, from small plots to ocean islands, to entire town sites and huge farms
and ranches. “There’s nothing else like this in British Columbia. South of the border, in places like Montana, similar ranch-style communities are far less pristine and their prices are much steeper.”
Calgary-based Schickedanz West, the owner of the Ranches project, is adding a com-prehensive amenity centre outside the access point with fitness facilities and a private own-ers’ lounge, Nielsen said. He credited owner Fred Schickedanz for having the vision and patience to create “one of the best recreation-al ranch developments I have seen in a long time.”
Nielsen said buyers are a mix of permanent residents and seasonal owners who plan to
RECREATION FEATURE Wealthy investors corral exclusive acreages at Ranches at Elk Park in Kootenays
WI STAFF
WESTERN INVESTOR
eventually retire to the property. They share an common appreciation of nature, outdoor adventure, horse-back riding, hobby ranching and getting away from it all, “without going too far or spending too much.” Some of the ranches are lakefront, others have valley views and all have the security and privacy only big money can buy: there is only one access road and it is protected by a controlled locked main gate.
The success of Elk Park is likely cheered by other land and recreational vendors in the Kootenays, especially since it heralds the return of Alberta investors.
In 2007, Albertans were big in the Kootenay
area, grabbing more than 2,000 residentialproperties and more than 600 plots of vacantland, with the Columbia Valley figuring large.With the BC/Alberta border so close to Calgary,the Kootenays were a natural lure. Then the oil-fueled global economy stalled and Albertanswent quiet; in 2010 Albertan purchases were off by more than 70 percent or 756 sales o fresidential properties. However, with the globaleconomy swinging back and oil now north ofUS$100 a barrel Nielsen expects a resurgenceof Alberta buyers into the Kootenays.
“Our sales team says the number and quality of calls coming out of Alberta has increased substantially, compared to anytime from mid-2008 to late 2010, “ Nielsen said.
A recent survey by the Royal Bank fore-casts Alberta will lead the entire country in economic growth this year and next, and like-ly into the next decade. One telling stat: theaverage weekly wage in Alberta is $1,036 a week, almost one-third higher than the rest ofCanada.
And Albertans traditionally look to B.C. forrecreational property.
“You can golf, ski, and catch a large rainbow trout, all in one day in the Kootenays,” Nielsensaid. He notes that the ski hills of Panorama Ridge near Invermere and the amenities o fFairmont Hot Springs are close by Elk Park,with almost two-dozen golf courses within a30-minute drive.
Nielsen said The Ranches will attract a selecttype of buyer.
“The price range is for individuals with a pioneering spirit ready to embrace a rare oppor-tunity to own their own private ranch right atthe foot of the Rocky Mountains.”◆
Ranches at Elk Park: 200 acres with a private lake listed for $2.95 million.
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www.westerninvestor.com WESTERN INVESTOR Recreational Real Estate LIFESTYLE PROPERTIES
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www.bobplowright.com [email protected]
Why Harrison? Nestled against Southwestern British Columbia’s mag-nifi cent mountains and the sandy beaches of Harrison Lake, Harrison Village is your local destination fi lled with a rich history and natural wonders, including our world famous BC Hot Springs. Known for its leisurely days and friendly ways, offering nature, art, entertainment shopping and food.
Overwhelming Views
$1,888,000 Virtual tour at www.6565-rockwell.ca
FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.
Gerri Saunders (250) 632-2107 (250) 632-6638
Virtual tour at www.annabelyoung.comANNABEL YOUNG Offi ce: 604-888-0786
Cell: 604-961-7541 Email: [email protected]
Far from the Madding Crowd
- Exquisite property features the best of the West Coast
- Water Front -1.84 acres of high water front
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- Spectacular views of the Gulf Islands- Live year round or have a
weekend retreat and haven- MLS® F1118274 $1,075,000
REALTY (02) LTD.
Approximately 80 minutes northeast of Winnipeg on the Bird River. This classic lodge is world famous for trophy bear and deer hunting. Located 1/4 mile from a Department of Transportation certified airport runway. Suitable for church camp, corporate retreat, training centre or private retreat. Commercial kitchen. Games room, sauna & conference room. Thirteen bedrooms, sleeps 27 plus master bedroom & ensuite. Approx. 6900 sq. ft. on +/-2 acres. Asking $1.85M.
FOR SALE - On Bird River, MB
204-928-5008
Recreational Real Estate ADVERTISING FEATURE:• Limited spaces • 4-colour ads • Special rates
WESTERN INVESTOR JULY 2012 www.westerninvestor.com Alberta/Saskatchewan B23
MOTELS & HOTELS≥ NAMPA, ALBERTA in busy boom town, 16 unit motel,
100 seat lounge, VLTs, liquor store and restaurant. PRICE REDUCED TO $990,000!
≥ CAMROSE ALBERTA 68 room, full services Hotel. REDUCED - NOW $4.0M.
≥ ROCKY MOUNTAIN HOUS E – 114 Unit Motel, Restaurant & Liquor Store. Showing great revenue.
≥ VIKING Viking Hotel, a renovated and up graded operation. 12 guest rooms, a managers suite, tavern, & restaurant. Owner retiring. ASK $159,000.
email:[email protected] www.swancityrealty.com
OREST: 780-679-8353 FAX: 780-672-1897
CAMROSE, ALBERTA
ALBERTA IS AGAIN MOVING!≥ DAYSLAND Bottle Depot – Building, all equipment,
and shelving with additional 2 lots. Do a drive by. Phone for details.
≥ HAY LAKES, ALBERTA Tempo gas bar, convenience store, truck/car wash with upstairs 2 bed living quarters. Environmental & financials available. Asking $695,000
≥ CAMROSE 4-Plex – Reduced! Located in a quiet residential south west area. Individually titled. Fully leased. ASKING $429,000.
FOR MORE INFORMATION CALL
Prime Real EstateSylvan Lake, Alberta
Call CARL STEPP cell: 403-358-9300www.sylvanlakehouseguy.com
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FOR SALE: Building Supply Outletin Northern Alberta Community
The facility is situated in a 10,710 Sq Ft building close to main street in prosperous market, on 1.95 acres. This transaction includes Real estate, inventory & equipment.
Asking Price: $1,850,000 plus Inventory.
- 151 acres of Industrial Land
- NE corner intersection of Metis and Stoney
- Entire West boundary borders Metis trail
- 2 min. away from CrossIron Mills Mall & City of Calgary
- Situated in Balzac East Area Structural Plan
- Currently generates $12,000/yr from several sources
- Zoned DC-99
- MLS # C1020848
$ ,
Bobby Bhullar • 403-973-8822 • [email protected]
I N B A L Z A C A L B E R T A
P R E M I U M D E V E L O P M E N T L A N D
Other Land parcels also available
y
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Farm & Acreages Specialist - Call for info 306-222-7770
GRAIN LAND INVESTMENT
OPPORTUNITIES25% DOWN BALANCE MORTGAGE (OAC)
Call today for your opportunity
Ed Bobiash Farm & Acreage Specialist
306-222-7770 [email protected] www.SaskLand4Sale.com
RE/MAX Saskatoon
Petrofka Bridge Orchard MLS® 410521 $789,900Beautiful acreage / Progressive Apple Orchard 35 acres Located on the North Sask River
Hodgson/Sather Land MLS® 430238 $149,900 Recreation Quarter just off Highway #41. North East of Saskatoon. Medium Rolling Terrain with Bush
Wingard Ferry MLS® 425965 $224,739 Great Views of North Saskatchewan River on West Side of Wingard Ferry Crossing. Mixed Forest and Grassland.
310 ACRE s with Highway frontage one mile south of Yorkton - $1,950,000
14 SUITE APARTMENT BUILDING with 8 furnished suites – 8% Cap. Rate.
FULL SERVICE ESSO GAS STATION and convenience store 40 mins from Regina $1,799,000
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800 sq.ft. on downtown thoroughfare$20.00 sq.ft. Triple net. Vacant.
2000 sq.ft. in high traffic mini mallOff street parking. $10.00 sq.ft. Available immediately.
1480 sq.ft. 4 Professional officesTotally renovated. Adjacent to major mall.
2160 sq.ft. shop 3-phase powerOverhead tube ray heating. Excellent for cabinetmaker etc. Central area. $10.00 sq.ft.
3500 sq.ft. Restaurant on major city highwayLong-term lease in place. Has been operating for over 10 years.Includes large off site catering business.
ETHBRIDGE OPPORTUNIT IES
Contact us for a free information package!
PRIMEHIGHWAYCOMMERCIAL
B24 www.westerninvestor.com JULY 2012 WESTERN INVESTOR
REGIONAL ROUNDUP Moose Jaw awes investors with red-tape-cutting incentives and a robust economy
Please see Diversified page B25
WI STAFF
WESTERN INVESTOR
or Alberta-based developer Cam Ens, president of NewRock Homes,building new homes in Moose Jaw is
a no-brainer. His company recently won an RFP for a 10-acre parcel on the eastern edge of the city for a large multi-family develop-ment. While the price paid for the land was not released, the city charged NewRock $320,000 in development levies as part of the request for proposals.
Ens figures it’s worth it.“Moose Jaw is only 45 minutes from Regina,
and we know about the new potash mines and the new regional hospital,” he said. “This is a growing market with a high demand for hous-ing.”
In fact, Germany-based K+S held an offi-cial groundbreaking ceremony on June 19 for its $4 billion Legacy Project Mine, which will employ up to 200 workers just 58 kilometres from Moose Jaw.
“When K+S officials announced the new mine they also declared that although their head office is in Saskatoon, Moose Jaw would be their home base,” said Deb Thorn, president and CEO of the South Central Enterprise Region. When K+S opens its hiring hall this summer, “housing won’t be able to happen fast enough,” Thorn added.
Residential developers have more than potential demand to spur building plans. Moose Jaw offers generous incentives for both land-lords and home buyers.
Perhaps the most alluring is a grant program for landlords who agree to build rental homes in a city with one of the lowest vacancy rates in Western Canada.
The incentives include a rental construction incentive that can provide developers with a grant of up to $50,000 if they agree to build at
least five rental suites. A total of 60 units are being funded, on a first-come, first-serve basis, with an emphasis on two-bedroom units.
According to Canada Mortgage and Housing Corp., Moose Jaw’s rental vacancy rate for two-bedroom apartments is near zero.
Under Saskatchewan’s Headstart for Homes program, builders and developers are eligible for loans of 90 per cent of the construction cost of new homes, including land. The main requirement: the new homes must be priced at or lower than the average resale home price, which in Moose Jaw is around $300,000.
Grants of up to $10,000 are also available to first-time home buyers with annual incomes of less than $60,000, who purchase a new home (usually a condominium). And Moose Jaw pro-vides a 100 per cent tax exemption on prop-erty for a year for commercial building owners who create a residential rental suite – a move aimed at encouraging mixed-used projects in the downtown area.
“Moose Jaw is investment ready,” Thorn said.
And not just on the residential side.A short drive east of Moose Jaw, a significant
industrial investment already exists. The exist-ing industrial cluster includes one of the largest nitrogen-based fertilizer-production facilities in all of Western Canada, as well as a potash mine, a salt production plant, a phosphate distribution centre and an ethanol plant. Another fertilizer plant is currently being built in what is known as the South Central Industrial Corridor.
The corridor is the largest economic region in the province, accounting for a quarter of Saskatchewan’s annual gross domestic prod-uct. About one-quarter of Saskatchewan’s population (240,000) lives in the corridor, providing access to the largest workforce in the province.
Moose Jaw is also the CPR terminus
of the Soo Line, providing a direct link to Minneapolis and Chicago, and is home to the largest main-line refuelling facility on CPR’s North American network.
The corridor has one of the lowest-cost envi-ronments for industrial investment in North America, according to a study by KPMG.
Major industrial employers include Mosaic Co., Canadian Salt Co., Terra Grain Fuelsand Thunder Creek Pork Plant.
Moose Jaw itself has several industrial sites in its Grayson Business Park that are pre-priced and pre-approved – “a no-dicker sticker approach,” as Thorn calls it – under a 19-lot pilot sales program.
“It has really generated a lot of discussion and [we] are moving to pre-price all the lands in Grayson so they can be sold with the stroke of a cheque by a developer,” Thorn said.
An example of pricing: a near-acre lot sells for $110,033 and has a development levy of $32,320, for a total price of $242,353. There are small lots from approximately 26,000 square
feet, with a total price from $81,000 each.Buyers of the first 10 parcels within the pilot
project receive full two-year 100 per cent tax exemption, subject to the issuance of buildingpermits within six months of the purchases.
As well, buyers of industrial lots at the green-field site receive a free Phase 1 environmentalassessment at the time of sale.
The big buzz on the streets of the Moose this summer, however, is retail, not industrial.
In early May, Colliers Internationalannounced the construction is to start on the $25 million Civic Centre Plaza on the site ofthe iconic “crushed can” – the former civic cen-tre sports arena’s nickname.
The Civic Centre Plaza will include 72,000 square feet of retail, restaurant and office space.Site preparation is expected to start this sum-mer, with a goal of opening next spring.
“What we’re trying to do is use the natural
The new Civic Centre Plaza retail development reflects red-hot consumer spending in Moose Jaw, where jobs are plentiful and growth is a given. Inset shows the iconic “crushed can” civic centre that was demolished to make way for the new centre.
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WESTERN INVESTOR JULY 2012 www.westerninvestor.com Saskatchewan B25
MOVING TO
SASKATOON AREA
View your future home at
delpetersrealty.com
Ajit Matharu 306-581-3130Email: [email protected]
HOMELIFE CRAWFORD REAL ESTATE
REGINA CONNECTION!MOTELS
22 unit Bonnyville24 unit Drayton Valley
BOOMIN oil and Gas area!24 Agassiz - great opportunity -
revenue up!Craven! Great Sask motel!
9 unit plus licensed restaurant!7100 sq ft retail on major street in Regina $789,900
14000 sq ft two storey office $1690000
Commercial condo bays.. 1500 + sq ft. Start construction MAY
15.4 acres in City WeyburnOil and Gas approved for RES development/multi family !!
1.25 million
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MENT
ICR Commercial Real Estateicrsaskatoon.com
INVESTMENT OPPORTUNITYFOR SALE – REAL ESTATE72 Broadway Street, Yorkton, SKLand Size: 1.56 acres = 67,594 sq. ft.Building Size: 44,200 sq. ft.Sale Price: $695,000Contact: Barry Stuart & Kelly Macsymic
INVESTMENT OPPORTUNITYFOR SALE1201- 101st Street, North Battleford, SKAnnual Net Income: $72,000Cap Rate: 8.47%Sale Price: $850,000 Contact: Ken Kreutzwieser
MCARTHUR BUSINESS CENTRE4002 & 4014 ARTHUR ROSE AVENUELand Size: Approximately 4.02 acresBuilding Size: ±45,360 sq. ft. (2 Phases)Unit Size: 2,520 sq. ft. unit (28’ front x 90’ depth) Sale Price: $485,000 (Per Unit)Contact: John Kachur
“Saskatchewan’s largest commercial real estate company”
FOR SALE - GREAT LOCATION3062 Millar Ave, Saskatoon, SKBuilding Size: 18,546 sq.ft. Land Size: 38,332 sq. ft. (0.88 acres)Sale Price: $2,750,000
Contact: Stacy Dybvig
Asking Price: $4,795,000
Joe Trudelle Dale Griesser [email protected] [email protected]
Avison Young Commercial Real Estate (Sask) Inc.
306-359-9799For more information visit our website
www.avisonyoung.com
RETAIL INVESTMENT OPPORTUNITYREGINA, SASKATCHEWAN
SASKATOON APARTMENT
$3,600,000Superior Location- 238 Main Street, Saskatoon SK- quiet residential street in sought-
after neighborhood- open and sunny corner lot- boulevards and meridians on
two sides- three blocks to river and Broadway Ave- within walking distance of downtown
and university
Maintenance-Free Structure- masonry construction- 50-year cottage-style steel roof (R50)- many other energy-efficient upgrades- smoke-free and pet-free property- 17 years of continuous upgrades and
improvements- 18 large and bright, well laid-out suites
Contact
DOUG 306-222-5676
from B24esthetics of the golf course next door and make that part of the overall plan,” said Bill Babeyof Colliers.
While the old civic centre was demolished to make way for the new development, the design pays tribute to the former landmark through the main building on the commercial site, accord-ing to Rod Ziegler of Walker Projects, archi-tects of the development.
“For me this is just an opportunity to take an icon and create a new icon. The shape – I’ve always loved the shape – and I believed from day one that the shape should be maintained. The ‘crushed can’ look, created in the massive curtain wall overlooking the golf course, is just tremendous,” Ziegler said.
Another key construction project in Moose Jaw is the new $103.8 million regional hos-pital, being built by Graham Group Ltd. ofRegina. Construction is scheduled to begin in early 2013, with the hospital expected to open in 2015.
Moose Jaw is also home to the SAIT Pallisar Institute, a trade college from which approxi-mately 2,500 students graduate each year.
While Moose Jaw continues to rely on farm-ing and potash as its main economic engine, the tourism sector is steadily gaining ground. Many travellers along the Trans-Canada
Population 35,000Average detached-house price $320,000Industrial land, per acre $100,000Major employers Agriculture, mining, government
Highway stop to photograph Mac, the world’slargest moose. Standing 32 feet high and weighing10tonnes, Mac the Moose was the city’s first tour-ist attraction and still draws the curious. Today, Mac competes for tourists with Moose Jaw’s famous tunnels (rumoured once aconduit for illegal liquor), the four-star TempleGarden Mineral Spa resort and CasinoMoose Jaw, which is open seven days a weekand is located right next to Temple Garden inthe downtown core.◆
Regina
SASKATCHEWAN
✪MOOSE JAW
MANITOBA
U.S.A.
6
13
39
T U R N - K E Y Custom Farming OperationEast Central Saskatchewan
ß 3600 acres
ß 77K bushels of storage
ß 900 acres – leased to 2013 Remainder custom by local operator
ß Flexibility to continue with current farming approach or restructure
ß Opportunity for 25-35% + returns
$4 millionCall DARREN at 403-607-6046
B26 Manitoba www.westerninvestor.com JULY 2012 WESTERN INVESTOR
Century-21 Westman.comBrandon, MB
Direct Line: 204-729-5074 Email: [email protected]
BRANDON, MANITOBA
“WE HAVE RESTAURANTS, GAS STATIONS, GROCERY STORES, INVESTMENT PROPERTIES, FOR SALE AND IF WE DO NOT HAVE IT WE WILL FIND IT.”
MEMORIAL BUSINESS: 20 YR. OLD FAMILY RUN HEADSTONE BUSINESS ONE OF THE LARGEST IN THE AREA. GROCERY STORE: VERY PROFITABLE, FAMILY RUN, CLOSE TO BRANDON, PRICE $359,000. PLUS INVENTORY HOTEL: DOWNTOWN BRANDON, LARGE VOLUME BAR, VENDOR, ROOMS , AND VLT’S, OWNER RETIRING MOTEL: FLAG ON #1 HIGHWAY, 60 ROOMS, RESTAURANT LEASED OUT. MANY RECENT UPGRADES. HOTEL: CLOSE TO WINNIPEG, MUST BE SOLD PRICE $300,000.
Please call:
GRANT [email protected]
Benefit from the growing activity in Killarney, a regional centre for business, health & education & recreation.Modern facility doing $1.6 M. in sales with future growth limited only by your ambition & imagination.
Westman.com
Magical Manitoba
$65,000 & you’re in your own business. Located at Ninette MB. along beautiful Pelican Lake. Lots of potential & opportunity to diversify. ATEAH REALTY LTD
MELODIE ATEAH BROKER/OWNER 1-866-755-5406SHANNA 204-754-7575 OR 204-481-3575
www.ateahreal ty.com
Owned right to the waters edge, 4675 sq ft 4 BR - Great for Bed & Breakfast or as a Private Retreat.
Sell the other lots & the house pays for itself. Drilled 400 ft well. Stunning home, cedar int w/hrdwds & tile. Indoor greenhouse/root cellar, multiple outbldgs incl 32X56 steel bldg, and 32X24 insul garage. $574,900
4675 Sq Ft, Manigotagan, Manitoba ¼ mile RIVERFRONTAGE - 155 acre Sub-dividable lot
347 Marion StreetFOR SALE
For more information, please contact:
Steven Paulus
Look up, way up, for ads Selling advertising space atop an office
tower could be a way to maximize a landlord’s income.
That is the thinking behind Creswin Properties’ decision not to sell the naming rights to 201 Portage in downtown Winnipeg. Instead, Creswin has to decided to lease the space at the top of its 33-storey building, which has previously been known as Canwest Place, Canwest Global Place and TD Centre over the past quarter-century, for what will undoubtedly be Winnipeg’s highest-profile billboard.
Terry Orsulak, senior property manager at Creswin, said the company is stepping into uncharted territory with this billboard con-cept, which is new to Winnipeg.
“It’s a very prominent opportunity to have a billboard in a location where nobody else could. There hasn’t been another location in the city that has been selling the rights at the top of a building,” he said.
Digital age claims video victim The only movie store in “Canada’s best
neighbourhood” lives to fight another day, but barely.
Movie Village, an Osborne Village institu-tion in Winnipeg, known for its diverse col-lection of independent and rare movies for nearly three decades, is moving in with its sister retailer, Music Trader.
Movie Village is moving out of its former 5,000-square-foot space and into 1,400-square feet as it teams up with another retailer struggling to stay afloat in the digital age.
David Ringer, whose family owns both locations, admits that, although the move is “fairly dramatic,” it’s something that had to
be done. “Movie Village has managed to capture a
large piece of a shrinking pie, but I’m afraid there isn’t much left to capture anymore. We’re anticipating a continuing trend,” he said.
The flurry of activity was caused by Shoppers Drug Mart, which knocked over the first domino earlier this year when it bought Movie Village’s building. An adjacent Vietnamese restaurant, Vi-ann, must also move, though its owners haven’t yet been able to secure new space.
Shoppers plans to knock down Movie Village and use the space to more than double the size of its 10,000-square-foot location.
Osborne Village was named Canada’s best neighbourhood in April after an online vote through the Canadian Institute of Planners.
Jets beat all NHL in gear sales The Winnipeg Jets may not have made
the playoffs this year, but the hockey team did finish first in the NHL in one cat-egory: sales of licensed merchandise.
The pronouncement comes as no surprise to anyone in the Manitoba capital, where the team’s logo has become as omnipresent as images of Che Guevara in Cuba.
Thousands of different items, ranging from jerseys to hats, T-shirts, beer mugs, cufflinks, dog beds and tissues, have flown off the shelves since the logo was launched last July.
“The Winnipeg Jets brand [is a] resound-ing retail success, ultimately resulting in the highest sale of licensed product of any team in the NHL in the 2011-12 season,” said Norva Riddell, senior vice-president of sales and marketing at True North Sports & Entertainment. (The NHL does not release the specific sales figures of different teams.)
The Jets’ impact continues to be felt in downtown Winnipeg as well, where the team’s arena is located.
CentreVenture, the city’s downtown rede-velopment agency, just announced plans to make the central business district a more vibrant and desirable destination.
Starting in August, the first phase of a new
The nicest office space between Calgary and Toronto is preparing to welcome a new tenant for the first
time in a couple of decades.The top three floors of 201 Portage, the tallest sky-
scraper at Winnipeg’s famous Portage and Main intersec-tion, will soon be home to RBC-Dominion Securities (RBC-DS). The brokerage arm of Canada’s largest bank has signed on to take over the 31st, 32nd and 33rd floors, the longtime former home of now-defunct Canwest Global Communications, as well as part of the 24st floor.
In total, RBC-DS will move into more than 30,000 square feet of space this fall, leaving behind its cur-rent 24,000-square-foot location across the street in the Richardson Building.
Alan Dunnett, branch manager of Winnipeg’s RBC-DS office, said the firm needed the additional space in order to accommodate its growing business.
All of the top three floors of 201 Portage have been gutted, save a spiral staircase that connects them. Construction has begun and will finish up this summer.
“It’s a fantastic space [and] a great building,” said Dunnett. “For Portage and Main, which is where we would prefer to be, this was the best space in one of the best buildings.”
Officials at James Richardson & Sons, which owns the Richardson Building, are already on the hunt for a new tenant to replace RBC-DS.
RBC Dominion Securities has taken the top three floors in Winnipeg’s tallest tower.
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image for the sports, hospitality and enter-tainment district will begin. New pedestrian lighting, banners, seating and paving will be unveiled on Donald Street. Over the next three years, the same improvements will be undertaken on an 11-block area at a cost of between $2 million and $3 million.
Manitoba hotels on investor radarThe sale of four new hotels in Winnipeg
last year – and construction starting on a dozen more – is evidence that the city is one of the top hotel markets in Canada, according to the 2012 Canadian Hotel Investment Report from Colliers International Hotels.
Colliers said buyers are being drawn to
Winnipeg because of the resilience and stabil-ity of the economy, the solid corporate base, a healthy convention business and existing and future draws such as the Winnipeg Jets hockey team and the Canadian Museum for Human Rights.
“These are all demand generators that will bring people into the city, and that’s what gives investors confidence,” said Alam Pirani of Colliers International Hotels.
Pirani cited the hotel building boom in Manitoba as further proof of the confidence investors have in the local market. More than a dozen new hotel projects have been announced in the past year, including new builds and redevelopment. “Investors feel it’s a very stable market,” he said.
The Colliers report said 2011 was a strong year for hotel deals, with four sales in Winnipeg worth a total value of $39 million.◆
– Compiled by Geoff Kirbyson
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Fast food trumped by quick serviceQuick-service restaurant (QSR) outlets
will likely see the greatest sales gains in the years ahead even as full-service restau-rants (FSRs) become less popular, accord-ing to the first annual Canadian Chain Restaurant Industry Review, an extensive research report commissioned by GE Capital and compiled by fsSTRATEGY and NPD Group Canada. Today, QSRs capture 64 per cent of total foot traffic and 44 per cent of all sales at commercial restaurants, while FSRs see 25 per cent of traffic and 49 per cent of industry dollars.
“As the economy moves from recovery to expansion Canadians are feeling somewhat less cautious about spending at restaurants,” according to Ed Khediguian, GE Capital’s senior vice-president of franchise finance. “Restaurant operators who understand what consumers are looking for in their dining experience will be able to earn a greater share of wallet in the coming years. That includes high-quality fresh foods, smaller portions, healthier options and ethnic twists for those in urban centres who have sophisticated pal-ates.”
The report forecasts that commercial food-service traffic will grow by an average of 1.7 per cent annually from 2012 through 2016, modestly outpacing annual population gains of 1.1 per cent.
The most frequent users of restaurants remain Canadians aged 18 to 34, although their visits declined from 2008 to 2011. The only group that saw an increase in restaurant visits over that same period was those over 55 years of age, who are visiting QSRs more than before.
Canadian foodservice-industry sales are expected to increase by 3.1 per cent to $65.4
News, views and updates on Canada’s franchise industrySignarama, a worldwide franchise
system numbering over 900 loca-tions, was opened in 2007 and has become one of the top sign loca-tions in Canada. The company plans to open its latest, and largest, B.C. location in Richmond on August 1. Franchisee David Newman, a Richmond resident, said the company now lists major local clients such as Caya, Telus, Steve Nash Fitness World, Tourism Richmond and a number of retail out-lets. Its signs also helped brand the 2012 Winter Olympics.
“Much of our company’s success to date is due to a dedicated staff with decades of sign experience,” said Newman. “We needed a larger location and the unit we’re moving into at No. 6 Road at the corner of Mayfield is for us to manage our growth.”
Signarama is owned by Florida, USA-based United Franchise Group, which itself manages 1,400 franchise locations in 50 countries. Signarama is its signature franchise brand.
The master franchisor for Canada is Signarama Canada, located in Toronto. There are over 30 locations in Canada, including eight in B.C.’s Lower Mainland.
An initial Signarama franchise fee costs $44,500 and includes all marketing materials, collaterals package and six weeks of training, two in Florida and four on site at the franchise location. The equipment package costs $120,000 and franchise agreements are good for 35 years with capped royalties.
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Signarama opens largest B.C. outlet this summer in Richmond.
billion in 2012. The three fastest-growing restaurant categories are QSR yogurt, QSR Mexican and casual Asian formats.
Nationwide, more than 60 per cent of restaurant sales in Canada can be attributed to chain operators. Although Ontario and Quebec have the greatest commercial food-service sales, chain penetration is lowest in Quebec and greatest in Atlantic Canada.
Despite having the greatest popula-tion, Ontario has only the third-greatest commercial foodservice sales per capita ($1,439.64) after Alberta ($1,897.93) and British Columbia ($1,711.90). Quebec has the second-lowest per-capita sales ($1,256.43) after Manitoba ($1,156.66).
Last year, nearly 1,500 restaurants closed, primarily independent operators, while chains remained relatively stable. Only two provinces had a net increase in restaurant units: Manitoba and Alberta.
Restaurants expand into airportsTwo well-known Vancouver-born fran-
chise restaurants are targeting airports for expansion.
Skyway Ventures, in partnership with the Kelowna International Airport, is con-verting the existing Skyway lounge in the terminal to a White Spot restaurant. Visitors will be able to visit the Spot just before going through security. There is already a White Spot in the post-security area of the airport.
Full-size White Spot franchises require a capital investment around the $900,000 mark, with an initial franchise fee of $75,000.
Meanwhile, Vancouver- based Browns Socialhouse is expanding into Bellingham, WA, with the announcement of a new res-taurant near the Bellingham airport named
Scotty Browns. Browns already has one restaurant in
Bellingham located in Barkley Village, which was opened in 2009. This new restaurant will be located in the recently completed 20,000-square-foot area of the airport. Browns opened its first restaurant in 2004 in North Vancouver. The cost of a Browns Socialhouse franchise is approximately $120,000.
LGI new manager growth oriented Jenny Rolfe has big expansion plans as
she joins Maple Ridge, B.C.-based LGI Industrial & Construction Supplies as vice-president of franchise development.
LGI, founded in 2003, is the only industry franchise of its kind, distributing everything from safety equipment to welding supplies.
“I have no doubt that Jenny will very quickly become a key force in the growth of our fran-chise operations across Canada and around the world,” said LGI president Greg Porter, noting that Rolfe has 12 years of industry experience, including a stint with Acklands Grainger.
“We have plans to open 15 locations in the next two years and 170 locations across Canada in the next 15 to 20 years,” said Rolfe. “We are the only franchise opportunity in the industrial supply industry.”
LGI franchise fees for a brick-and-mortar location are $45,000, which includes rights, logos and support from its corporate network. Ten days of training are also provided at its Maple Ridge headquarters, as well as manuals and ongoing training.
LGI also offers mobile franchises in remote areas. These come with a reduced cost of own-ership. of around $30,000.◆
– Compiled by Kevan O’Brien
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White Spot to add 12 new outlets The trend toward value-conscious dining is prompting B.C.’s venerable White Spot to open a dozen new outlets this year – the biggest annual growth in its 81-year history – with most being franchise locations.Several high-end Vancouver restaurateurs have dropped prices or shifted menu offerings to attract customers and weather the reces-sion. White Spot, however, has kept 2009 revenue constant compared with last year’s record-setting $200 million in worldwide brand sales.“If anything, I think people have dropped
into our category,” said White Spot president Warren Erhart.
Franchising is fuelling White Spot’s growth.Approximately half of White Spot’s 63 full-service restaurants and 45 of its 50 Triple-O’s-branded restaurants are franchised.New full-service White Spot restaurants have opened or will open over the next two months at the University of B.C., Surrey, Whistler and Kamloops.New B.C. Triple-O’s locations are slated for New Westminster, Burnaby and East Vancouver this year, with Langley and Coquitlam outlets opening early in 2010.Two of the remaining three new Triple-O’s locations will be in Korea. The final new Triple-O’s location will be in Hong Kong, which is home to several of the chain’s high-
est-grossing restaurants.Erhart believes franchisees like White Spot’s strategy of owning corporate stores while franchising others to large B.C.-based compa-nies such as Chevron Canada Ltd., British Columbia Ferry Services Inc. and Great Canadian Gaming Corp.“All the testing that we do is done on the
corporate side of the business,” said Erhart,
News, views and updates on Canada’s franchise industryVancouver-based Nurse Next Door has opened its first franchise in Saskatchewan, with an initial location in Saskatoon. With 28 locations already in opera-tion throughout B.C., Alberta, Ontario and Nova Scotia, Nurse Next Door is rapidly expanding across the country. The Saskatoon franchise will serve as a starting point for further expansion into Saskatchewan and Manitoba, according to company co-founder John DeHart. Saskatoon couple Rob and Heather Van Norman were selected to bring the company’s home-care services to the Saskatchewan market.“The demographics in Saskatchewan are really screaming for our concept,” said DeHart,
noting that 15 per cent of the provincial population is over the age of 65, the prime demo-
graphic for Nurse Next Door, which provides home health-care services.
A Nurse Next Door franchise requires strict screening of applicants.
If chosen, the total franchise investment ranges from $85,000 to $120,000, and includes
an initial franchise fee of $30,000. Information on royalty and advertising fees were not
available.
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Rob and Heather Van Norman have opened Saskatchewan’s first Nurse Next Door fran-chise.
who has been at White Spot’s helm since 1990. “I’m not asking our franchisees to risk their investment unless I can demonstrate that it does work and that it’s a good idea for them.”
The initial franchise fee for a White Spot is $75,000, but the total cost for a turnkey restaurant or Triple-O outlet can run into the hundreds of thousands of dollars.
– Glen Korstrom/BIV
CFA picks top trends A recent analysis of emerging trends in franchising by the Canadian Franchise Association (CFA) provides a taste of what makes Canadians spend.Trends indicate that consumers want to look great and be fit, don’t mind taking advice when it comes to running a business,
still enjoy catching a meal on the fly and are not planning on giving up coffee and dough-nuts anytime soon.According to the CFA, the following sectors are the ones to watch in 2009 and 2010. Beauty supplies: The staples of the beau-ty-and-cosmetic-supply industry increased 44 per cent in the past year and, even in today’s economy, people don’t seem ready to give up these personal beauty-care necessities.Business consultants and training: With a large number of Canadians going into busi-ness for themselves, business consultants and coaches are flourishing, too, and this catego-ry also expanded by 44 per cent since 2008.Coffee shops: It’s a part of many people’s daily routine: grabbing a coffee and treat on the way to work or school. With a 28 per cent increase in this sector, many brands are diversifying their food and beverage menus and offering a comfortable place to unwind.Health and fitness: An increase in
Canadians’ focus on health and wellness has created a 21 per cent jump in this category. This includes 24-hour gyms, bootcamp-style programs, weight-loss and nutritional guid-ance and more.
Quick-service restaurants: The quick-ser-vice restaurant industry has grown, jumping 9 per cent, from 129 franchise listings in 2008 to 140 in 2009.
De Dutch grills HST on menu D e Dutch Pannekoek House Restaurants Inc. has taken a very pub-lic stand against B.C.’s proposed harmonized sales tax (HST). It announced its position in all 18 B.C. restaurant locations in August with the launch of a point-of sale campaign including menu covers as well as printed postcards addressed to the premier and
finance minister.“There has been a lot of discussion about the HST, said De Dutch president Bill Waring. “Unfortunately, some of the information is not completely accurate. As a lifelong B.C. resident and proud busi-ness owner, I believe it is pertinent to share information with our franchisees and
customers regarding the real impact that this tax will have on everyone’s livelihood. Each individual can then accurately decide whether or not they agree with the HST and act accordingly.”
When the HST is implemented next July 1, it will mean that consumers will pay “7 per cent more for every item on every menu at every foodservice outlet in the province,” Waring said. He added that many customers have voiced support for his anti-HST stance.The 34-year-old De Dutch franchise has B.C. locations in the Lower Mainland, Vancouver Island, Fraser Valley, Okanagan
and the Cariboo.
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