western investor october 2011 section a
DESCRIPTION
Commercial Real Estate, Franchises and Business Opportunities in Western CanadaTRANSCRIPT
13 PM’S DEAL BOOSTS YUKON Ottawa offers North a richer split on royaltiesPrime Minister Stephen Harper in Whitehorse: new agreement could boost resource income 10-fold
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$4.29 OCTOBER 2011 Vol . 26 / Issue 10VANCOUVER • LOWER MAINLAND • VANCOUVER ISLAND SECTION
9 $100 MILLION EVERY MONTH Metro Vancouver’s commercial realtors say office, multi-family sales led first half pace
17 GIANTS BID FOR B.C. COAL U.S., European buyers join rush to northeast
Build on the Power of Our Network. Over 350 Offices Worldwide.
Commercial Real Estate Services, Worldwide.
www.naicommercial.ca
INDUSTRIAL PROPERTIES FOR SALE / LEASE
$3.3 million
INVESTMENT/RE-DEVELOPMENT COMMERCIAL SITE - LANGLEY, BC
Small strip mall Langley $850,000
Trailer park Prince George, BC $1.9 MILLION
Strata warehouse / retail for sale Up to 15,000 sq. ft. in Surrey
Warehouse Port Kells buy or lease 8,000 to 50,000 sq. ft.
New franchise operations for Restaurant and Retail Stores Merritt, BC
Please call Glen for more information
DON MACDONALD, CCIM OR ANGIE MACDONALD 604-534-7974 or 1-800-890-9855 [email protected] LAMBERT 604-999-3707
KEN KIERS OR KEN HICK KEN KIERS 604-534-7974 [email protected] KIERS or KEN HICK 604-534-7974 1-800-890-9855 [email protected]
Commercial/Industrial LandHighway 1 Access and ExposureFlood Hope Road, BC
Asking: Contact LIsting Broker
Osoyoos , BC
Asking $2,275,000
Okanagan Valley, BC
Contact LIsting Brokers
FREESTANDING INDUSTRIAL BUILDING – LANGLEY
$2,415,000
SELF-STORAGE FACILITIES – FOR SALE
MERRITT, BC OPPORTUNITIES
MINI STORAGE ON 1 ACRE PARCEL
NEW PRICE $1.299 Mil
HOT PRICE
Asking $699,000
SPLIT ZONING
Asking $2.95 Mil
3 LIGHT INDUSTRIAL LOTSAmazing price $69,900 ea.
11.4 ACRES DEV. LAND ADJACENT TO WAL-MART
$3.99 Mil
FOR LEASE 8,459 SQ. FT. SHOWROOM & W/H $5.50 s.f. plus $2.50 s.f. T.N.
CHRIS LANGHAUG 604-534-7974 or 1-800-890-9855 [email protected]
ALFRED LEUNG CHRIS LANGHAUG
604-534-7974
Asking $2.59 Mil
CAMPBELL HEIGHTS LAND, BLDGS., & BUSINESS
We Are Your SELF-STORAGE EXPERTS We Know Self-Storage!
PUBLICATIONS MAIL AGREEMENT 40069240
RETURN UNDELIVERABLE CANADIAN ADDRESSES TO CIRCULATION DEPARTMENT:
102 EAST 4TH AVENUE, VANCOUVER, B.C. V5T 1G2
R E C R E A T I O N A L R E A L E S T A T ER E CR E CE C R E AR E AR E A T I OT I OI N A LN A LN A L R ER ER E A LA LA L E S TE S TE S T A T EA T EA T EHOT PROPERTIESSPECIAL SECTION • B17
WASHINGTON INVESTORS!Smokey Point Big Box Development Opportunity!
A2 Lower Mainland www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR
* Personal Real Estate Corporation**Sean Ungemach is licensed with SBU Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield Ltd.***Craig Haziza is licensed with CAH Realty Inc. and has a contractual relationship with Cushman & Wakefield Ltd.****Kevin Meikle is licensed with K.H.M.Realty Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. *****Bart Corbett is licensed with BG Corbett Realty Advisors Ltd. and has a contractual relationship with Cushman & Wakefield Ltd. The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, it is not guaranteed by Cushman & Wakefield.
Moving with confidence
Cushman & Wakefield Ltd. Suite 700 - 700 West Georgia StreetP.O. Box 10023, Pacific CentreVancouver, BC V7Y 1A1
T: 604.683.3111www.cushmanwakefield.comwww.vancouverlisting.ca
MANNING PARKRESORT & SKI CENTRE
FOR SALERESIDENTIAL LAND
SELF STORAGE FOR SALEKELOWNA
MULTIFAMILY DEVELOPMENT SITE
4 SUITE RESIDENTIAL MULTIFAMILY OPPORTUNITY
FOR SALEFREESTANDING OFFICE/WAREHOUSE BUILDING
86.85 ACRE DEVELOPMENT SITE NOT IN ALR
FOR SALE - 9948 100TH STREET, FORT ST JOHN
FOR SALE - MAIN STREET MIXED USE
BRAND NEW LARGE BAY STRATA UNITS IN
CAMPBELL HEIGHTS
RETAIL SHOPPING CENTRE INVESTMENT OPPORTUNITY
ZENITH APARTMENTS
32 ROOM MOTEL & RESTAURANT
HIGH VISIBILITY INVESTMENT OPPORTUNITY
COURT ORDERED SALE
9% RETURN
GROCERY ANCHORED SHOPPING CENTRE
FOR SALE-MIXED USE FULLY TENANTED BUILDING ON
COMMERCIAL DRIVE
DEVELOPMENT OPPORTUNITY WITH INCOME
LADNER MIXED USE SITE
OWN IN HILLCREST/CLAYTONCALERA
NORTH SHORE STRATA UNITS FOR SALE
FOR SALE MIXED USE MULTITENANT BUILDINGS
FOR SALE - 88 CREEKSIDE ROAD, ROSSLAND, BC
±
FOR SALE - PRIME CORNER LOCATION IN KAMLOOPS
FOR SALE YALETOWNSTRATA OFFICE
FOR SALEVANCOUVER DEVELOPMENT
SITE
15 SUITE APARTMENT BUILDING LOCATED IN
CHINATOWN
FOR SALE - 61 ROOM HOTEL WITH RESTAURANT
FOR SALE16113 20TH AVENUE
SURREY, BC
FOR SALE - WILLOW CALE ROAD, PRINCE GEORGE, BC
FOR SALE - 30 UNIT MOTEL6255 MARINE AVENUE
POWELL RIVER
GREENWOOD MANOR
INVESTMENT OPPORTUNITY
FOR SALE - 32860 MISSION WAY, MISSION, BC
50% LEASED
FOR SALEINDUSTRIAL COMPLEX
ERIC WALKER
CHRIS DRIVER*/ BRETT AURADON DUNCAN*
ADAM FRIZZELLCRAIG HAZIZA
CHRIS NEWTONMATTHEW MACLEAN
HUDGE PARMAR*
BILLRANDALL*RICK EASTMAN*
IAIN YOUNG
BOE IRAVANIMARK TREPP
BILL RANDALL*
HUDGE PARMAR*MARK GALLAGHER
BILL RANDALL*
BILL RANDALL*
KYLE WILSONCRAIG HAZIZA***
ANDREW GREEN*KEVIN VOLZ
CHRIS DRIVER*DON DUNCAN*
BILL RANDALL*
BILL RANDALL*
CHRIS NEWTONMATTHEW MACLEAN
BILL RANDALL*
BRAD NEWMAN-BENNETTDAVID CANNING
MARK GALLAGHERHUDGE PARMAR*
CHRIS DRIVER*/DON DUNCAN*BRETT AURA
BILL RANDALL*
BILL RANDALL*NOAH FREEDMAN
BILL RANDALL*
BART VANSTAALDUINEN*
BRETT AURA
DON DUNCAN*/CHRIS DRIVER*BRETT AURA
DON DUNCAN*CHRIS DRIVER*
CHRIS NEWTON
FLAVIO UNTIGREG MILES
BURTON VAN ALSTINE*HUDGE PARMAR*
BRETT AURA
BILL RANDALL*
CRAIG BALLANTYNE
DON DUNCAN*CHRIS DRIVER*
Ron Bennett (USN Ret.) / Owner - Broker 1-360-671-9440 www.RonBennett.comRON BENNETT COMMERCIAL REAL ESTATE
JUST IN! Bank has requested our marketing for their foreclosed properties. All priced below market value. Call for details!
VALUE VILLAGE $3,000,000 BELLINGHAM46,000 sq. ft. retail building located across from Bellis Fair Mall. Ex-Toys R Us building recently re-leased for 10 years with 2-5 year options to extend. Major improvements inside and outside. 2.62 acres of parking. $227,509 Annual Net Income for the first 5 years, with the base lease amount increased every 5 years at .075 Cap.
69 ACRES RETAIL LAND $12,000,000Located on Interstate 5 near Marysville/Everett. New Freeway Cloverleaf at 156th St NE Street Exit direct to property coming soon. Permitted for Big Box Stores. Adjacent to Walmart, Safeway, Costco, Target, Best Buy. Fully serviced. Outstanding location and priced at Four (4) Dollars per square foot. For more information, call our office.
✓ ✓VALUE FOR $ GOOD RETURN ✓ TENANT COVENANT ✓ UPSIDE ✓ CAREFREE
CALL Don MunroSUTTON GROUP
WEST COAST REALTY
604-817-7338 [email protected]
COMMERCIAL/INDUSTRIALACREAGES ACREAGES ACREAGESCHILLIWACK
7640 Nixon Road
51140 Ruddock Road
700 Columbia Valley Road
SURREY
188th Street and 80th Avenue
ABBOTSFORD 5133 Bates Road
889 Lefeuvre Road
COMMERCIAL/INDUSTRIALLANGLEY
203-20771 Langley Bypass
CHILLIWACK8558 Chilliwack Mountain Road
LANGLEY
7700 240th Street
6842 202B Avenue & 6868 202B Avenue
48th Avenue & 216th Street
27449 60th Avenue
27691 Downes Road
8495 Aitken Road, 8565 Aitken Road & 8579 Aitken Road
SURREY
11151 Bolivar Street& 13340 112 Avenue
19518 32nd Avenue
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
FEATURES13 Better split with Ottawa an incentive for mine approvals Download a PDF of all our Regional Roundups online at www.westerninvestor.com
9 Offices and multi-family lead first-half pace in B.C.
17 Asia to Midwest faster, cheaper through Prince Rupert
COLUMNS6 11 23
On the coverPrime Minister Stephen Harper: resource royalty agree-ment will give Yukon, Territories a bigger share. Photo: Deb Ransom/PMO
2–19
8 19
20–23
HOT PROPERTIES
A4 Lower Mainland www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR
TIRED OF
CENTRAL NORTH VANCOUVER LOCATION 1089 sq ft ground fl oor unit, with street level access, suitable for doctor, consultants, professionals. Upstairs staff area comes with kitchen. Two washrooms.
Offered at: $519,000
“We are focused on achieving the results YOU want.”
FOR SALE
FOR SALE 1028 HAMILTON STREET
Asking $17,500,000 Larry or Kris 604-689-8226
FOR SALE 8828 HEATHER
Asking $1,250,000Larry Traverence 604-787-7654
Dexter Associates Realty Commercial Real Estate, Your Trusted Advisors
81,260 sq.ft. R&D
BUILDING AT UBC-
-
OFFERSCall Larry 604-787-7654
1521 WEST 4TH AVE
$2,619,000
Call Larry Traverence 604-787-7654
Kris Pope 604-318-5226
JERRY RACZKOWSKI780-932-2121 [email protected]
ROB REGAN 780-490-9324
Bring Alberta and British Columbia Investment Opportunities to the Chinese Market Place
MARKET YOUR REAL ESTATE PROJECTS TO
CHINESE INVESTORS AND/OR
JOINT VENTURES IN CANADA
Beijing, China Investments Real Estate Show
www.AlbertaInvestorGroup.comRE/MAX REAL ESTATE 10510 121 St., T5N 1L4 Edmonton, AB
WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com Lower Mainland A5
Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verifi cation. DTZ Barnicke Vancouver Limited, Real Estate Brokerage 10/2011.
COMMERCIAL REDEVELOPMENT
904 & 918–990 Victoria Street, Kamloops2 buildings on 9 lots totalling 1.377 acres
Total building area 88,000 sq ftExisting holding incomeAsking price $1,995,000
Steve Caldwell, Murray Wills
INDUSTRIAL SALE
Price R
educ
ed
140 Glacier Street, CoquitlamRare high quality 23,100 sq ft facility
Vendor will lease back up to 17,000 sq ft
Chris McIntyre, Steve Caldwell
FOR SALE
1250 Frances Street, Vancouver5,248 sq ft freestanding office/
warehouse building
Owner/occupier opportunity
Ryan Saunders, Mitch Ellis
RETAIL FOR SALE
1632 West 4th Avenue, Vancouver
User/investor opportunity
James Bayley, Tom BakkerMeghan Kennedy
MIXED-USE DEVELOPMENT
6158–6178 East Boulevard, Vancouver
12,452 sq ft lot31,130 sq ft of buildable density
Chris McIntyre, James Bayley, Tom Bakker
LOT FOR SALE
Price R
educ
ed
1186 Granville Street, Vancouver3,000 sq ft development site
Parking incomeHigh exposure location
James Bayley, Meghan Kennedy
INDUSTRIAL SALE
4090 Graveley Street, Burnaby2,738 sq ft building on 10,245 sq ft lot
Gilmore Avenue exposureAmple parking
Steve Caldwell
INDUSTRIAL SALE
107–109 - 1750 Hartley Ave, Coquitlam
Across from Home Depot
Chris McIntyre
INDUSTRIAL SALE
117 West 5th Avenue, Vancouver
Vacant possession
Conor Finucane
Tel: (604) 684 7117 www.dtzvancouver.com
of commercial real estate services please contact us today.
INVESTMENT BUILDING
1205 Nanaimo Street, Vancouver
James Bayley, Tom BakkerMeghan Kennedy
PRIME DEVELOPMENT SITE
1396 Richards Street, Vancouver30,000 sq ft lot, 2/3 of a city block
150,000 sq ft buildable densityOperating business included with sale
Tom Bakker, James Bayley
RETAIL STRATA SALE/LEASE
1738 West 2nd Avenue, Vancouver
Vacant possession
Conor Finucane, Howard Malchy
OFFICE/SHOWROOM SALE/LEASE
111 - 3823 Henning Drive, Burnaby2,849 sq ft office/showroom
7 parking stalls
Chris McIntyre
INDUSTRIAL SALE
109 & 110 - 17 Fawcett Road, Coquitlam5,543 strata unit in riverfront location
3 phase power
Steve Caldwell, Phil Gibbons
INDUSTRIAL SALE
17957 55th Avenue, Surrey11,287 sq ft
Asking $1,595,000
Steve Caldwell, Tony Capolongo Sebastian Espinosa
RETAIL STRATA SALE/LEASE
5854 Fraser Street, Vancouver
Tables and chairs can be included
Chris McIntyre
604.263.2823
APARTMENT BUILDING SPECIALIST
Plus many other listings! Please visit our website at www.billgooldrealty.com for more information.
48 Unit Apartment BuildingNear Metrotown & SkytrainGross Income $513,107
BURNABY
28 Unit Apartment BuildingGreat Tenant Base
Gross Income $236,590
NEW WESTMINSTER
11 Units – Great conditionLarge suites, corner unitsGross Income $114,210
WESTSIDE
75 Unit Apartment BuildingClose to Skaha Lake, Central location
Gross Income $547,222
PENTICTON
11 Units – fully tenantedClose to all amenities
Gross Income $113,967
EAST VANCOUVER
8 Character Town homesFully renovated, Views
Gross Revenue $134,244
EAST VANCOUVER
A6 Lower Mainland www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR
BUSINESSES FOR SALE
LAND, BUILDING & BUSINESS
Thinking of selling your Business?? Give me a call. I’ll be happy to sit down with you
and evaluate your Business.
GLENN YAMADAPERSONAL REAL ESTATE CORPORATION
CELL: 604-240-2749 EMAIL: [email protected] AND RESIDENTIAL REAL ESTATE SINCE 1989
NEW!! ENGRAVING BUSINESS $339KBUILDING: 2,800 SF / 5% CAP $550K
GOURMET MEAT SHOP $149K
GREEK MEDITERRANEAN RESTAURANT $400K
NEW!! CURVES FITNESS CENTER $39K
NEW!! MEDITERRANEAN PITA/PIZZA $69K
COMING SOON!! HAIR SALON & SPA
NEW!! VETERINARY MEDICAL / SURGICAL INSTRUMENT SUPPLIER $350K
ProfitableBusiness
Excellent ROI. Business is in its 9th yr. Owner will
stay on for up to 3 months.
Asking $500,888 for business and equipment
Contact
Ph: 604-864-6400 T/F: 1-877-864-6424www.strataschoice.com email: [email protected]
1A 33820 South Fraser Way, Abbotsford, BC V2S 2C5
We give you our full attention at fair and competitive rates!
Property Management
Call Today For Your Management Proposal!!
Publisher Cheryl Carter Editor Frank O’Brien Con-
tributing Writers Bryant E/Andrus, Dave Husdal, Geoff Kirbyson, Glen Korstrom, Joel McKay, Peter Mitham, Kevan O’Brien,Jenny Wagler Copy Editor Noa Glouberman Production Manager Rob Benac Production Natalie Reynolds, Tanya Van Advertising Sales Manager Christine Campbell Advertising Sales Paul Douglas, Gary Takahashi Advertising Sales Coordinator Angela Foster Accounts Receivable Yvonne Posch Circulation Veera Irani, Newsstands Globe Distribution Services Printed in Canada at Kodiak. Western Investor is published monthly by BIV Media Limited Partnership VANCOUVER – HEAD OFFICE: 102 East 4th Avenue, Vancouver, B.C. V5T 1G2 Subscriptions and Advertising Sales Tel: 604-669-8500 Fax: 604-669-2154 Canada/U.S. toll-free: 1-800-661-6988 Alberta, Saskatchewan & Manitoba Advertising Sales toll-free: 1-888-606-6267. Canadian publications mail product sales agreement #40069240, GST #105655567. Copyright 2002. While every effort is made to ensure the accuracy of articles and advertising that appear in each edition of Western Investor, the publisher may not be held responsible for any errors or omissions that may from time to time occur. No part of this publication may be quoted or reprinted in any medium without the express written permission of BIV Media Limited Partnership.
t may be a long way from Tahrir Square to Robson Square, but the recent death-by-democracy of B.C.’s loathed harmonized sales tax (HST) could and should trigger
a popular uprising, a “Western spring” if you will, as citizens discover that joining together can force change. It happened in Egypt and Libya and, in a much more polite Canadian way, it has now happened here.
We know there are a lot of businesses that decry the end of the HST, saying that it will be bad for the long-range B.C. economy, that it will cost jobs and stifle investment and all that. Well, get over it. The people have spo-ken and the tax is dead.
This is the first time that Canadian vot-ers have actually killed an unpopular tax and the ramifications have yet to be fully explored or exploited.
Think of it. Virtually every major media outlet, the provincial and federal govern-ments and the biggest companies and cor-porations were all lined up in favour of the HST. Millions of dollars were spent on TV and print advertising using the best market-ing brains in the country to convince citizens
to support the tax. And still it went down in flames. The only problem now is forcing the government not to drag out the funeral, which will apparently last another two years before the 12 per cent tax is dead and buried.
In the meantime, citizens may find that there are other issues that should also be the focus of grassroots democracy. The death
of the HST could convince the average person that he or she doesn’t have to take it any more. The uprising could be just the beginning of a trans-formation of how we govern
ourselves.Some may say that the HST – an unpop-
ular tax rammed through without public consultation – was an easy target and that it would be hard to galvanize public support for other issues. But the anti-HST vote worked and the precedent has been set.
Here are few suggestions for other potential targets of a popular vote:
• Bloated government and pay: people could ask why, for example, the number and pay of teachers goes up as school enrolment has fallen every year since 2002. Residents of Manitoba could ask why 26 per cent of the employed work for the government, while in
Alberta it is 16 per cent. • Dictation from First Nations: average
British Columbians could vote to end the power of a few citizens to dictate resource developments that benefit the entire country.
• Political attack ads during elections. • Balanced budgets: Greece and Ireland
are examples of what happens when gov-ernments run up unsustainable expenses. Canadians could vote to make all levels of government pay for what they promise with-out racking up debt for our grandchildren.
These are just a few examples, but you get the drift. The HST vote has potentially released a populist power play, starting in the West and spreading across the country.
Western Investor looks at residential invest-ments in the U.S. as foreclosures continue to increase. We look at a savvy Albertan’s strat-egy for strip-mall investors. We profile the top 10 business towns in Western Canada. Our regional reporters file from Cochrane, Vancouver and Weyburn.
FRANK O’[email protected]
ADVERTISING DEADLINE NOVEMBER 2011 issue:
October 11, 2010
WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com Lower Mainland A7
For more information visit our website www.avisonyoung.comVancouver Offi ce 604 6877331
FOR SALE – 108 – 2455 Dollarton Highway, North Vancouver
FOR SALE – 687 Yellowhead Highway South Kamloops
FOR SALE – 5219 - 188 Street, Surrey
FOR SALE – 1161 Kingsway Ave, Port Coquitlam
SOLD – 19434 - 94th Avenue, Surrey
FOR SALE – 8424 Aitken Road, Chilliwack
FOR SALE 10816 – 10840 124th Street, Surrey
FOR SALE - 1484 Rupert Street, North Vancouver
FEATURED LISTINGFOR LEASE – Brewery District
L
287 Nelson’s Court, Building 1 – “Translink Building”
130 East Columbia Street, Building 3
FOR SUBLEASE - 10387 Nordel Court, Delta
FOR SALE – 171 East 1st Street, North Vancouver
FOR SALE – 254 Royal Avenue, Kamloops
FOR SALE – Burns Lake Apartment Portfolio
FOR SALE – Dollarton Business Park - 197 Forester Street, North Vancouver
FOR SALE – 9340 Nowell Street, Chillliwack
FOR SALE – 8392 Young Road, Chilliwack
FOR SALE – 9532 194A Street, Surrey
FOR SALE – 9781 186th Street, Surrey
FOR SALE – 1550 East Hastings Street, Vancouver
SOLD – 1496 Rupert Street, North Vancouver
UNDER
CONTRACT
UNDER
CONTRACT
FOR SALE 105 Brunswick St. & 110 Victoria St., Prince George
PRICE REDUCED
FOR SALE/LEASE – 1455-1475 East Georgia Street, Vancouver
PRICE REDUCED
PRICE REDUCED
14% C
AP RATE
SOLD
SOLD
A8 Lower Mainland/Services www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR
Ten Year Master Medallion MemberCommercial and Residential
DONALD FORSYTHE604-826-5733 T.F. 604-520-6829
Canadian 1st Realty Inc.
21 YEARS REAL ESTATE EXPERIENCE
Outstanding clientele open 6 days per week 7-4:30pm. Breakfast and Lunch. Korean owner retiring. Best café oppor-tunity in a decade! Building & business: $595,000. Business only: $120,000.Lease for $2500/ month plus tax.
RESTAURANT FOR SALEM I S S I O N , B C
B U S I N E S S O N L Y O R L E A S E
DONALD FORSYTHE
604-826-5733Call for full details. WWW.YOUNGYOON.CA
Your Oriental Connection !
Sutton Premier Realty
YOUNG YOON, B.A. AND TEAMCEL: 604-808-5024 EMAIL: [email protected]
COMMERCIAL BUILDING HORSESHOE BAY, WEST VANCOUVER13 commercial strata 2 APT. Asking $5.998 Mil.Land - .63 acres. Leasable area 15,935.37 sq. ft. resident 1,995 sq. ft. and 2,884 sq. ft. APT. Great tenant mix consists of Subway, C-Lovers, Pizza, Chinese restaurant, hair salon, bakery, walk-in clinic/pharmacy, accounting office, sushi etc. Potential net income of $250,000 / yr.
PORT KELLS 2 2ACRE PARCEL BOTH PROPOSED 15-25/ACRE MED/HIGH DENSITY. 1.69 mil 17006 96 Ave bare land MLS f1029082 1.49 mil 17072 96th Ave 2400sq hse w/large ware house MLS f1029083
S O U T H S U R R E Y 1 . 5 9 M 1.2 Acre. 24th Ave., Granview Heights. NCP 4 - 15 UPA near Walmart.
$538 ,800 SURREY WHALLYHOUSE 1 Owner. 3bdrm + den, plus 3 1bdrm suite potential gross $3000+ or owner occupy 3bdrm with excellent mortgage helper10660 142nd St. Close to SFU Surrey Campus.
SUCCESSFUL BAKERY COFFEE SHOPD ow ntow n w i th exce l l en t i ncomeNew Price $359,000Over $400 mil sold over 12 years. FVREB Commercial member Medallion 2006,2007, & 2008 Sutton Masters AwardsRetail or income properties, motels, RV parkWANTED ( out of town OK ) HAVE BUYERS
SOLD
DOMINION TRIANGLE PORT COQUITLAM
• Prime Light Industrial site
• 7.13 acres on Dominion Ave
• Site close to Wal-Mart, Costco, Home Depot, & Canadian Tire
RAVI PANWAR604-771-2401 [email protected] Georgia Realty Ltd
Franchise Opportunity
Matthew Moadebi604-329-6771 (Cell)[email protected]
www.matthewmoadebi.com www.vancouverfranchise.ca
Blenz Master Franchise in Vancouver, Vancouver Island, Ontario & Alberta Blenz Franchises ........$139,900, $179K - $488,800Steamrollers Franchise Vancouver .................................................................. $319K (Davie St.)Wired Monk Individual Franchise Opportunity Wired Monk ....................$99K, $169K, SOLD-$159KWired Monk New Franchises - Vancouver ................................ $262K-$350K depending on locationSandwich Tree master franchise opportunity $275KLe Bistro Chez Michel .........................................$199,000Crepes and Gelato ...................................................$97,600
CHILLIWACK AVIATION PARK UNITS FOR SALE/RENT
CHILLIWACK AVIATION PARK UNITS FOR SALE/RENT
ARIZONA FORECLOSURE INVESTMENT
OPPORTUNITY
$15 Million Total Investment
$1.5 Million Required for Startup
$50,000 Minimum Investment
Equity Positions Available
For More Information Visit
GREENWATERAZ.COM
MORTGAGE FINANCING
For all your real estate fi nancing needs
www.peoplestrust.com
Daniel Stewart 403-205-8202
PRAIRIEREGION
PRAIRIEREGION
Dennis K. Aitken 403-205-8203
BRITISH COLUMBIA REGION
BRITISH COLUMBIA REGION
Brian D. Kennedy 604-331-2211
Jonathan P. Wong 604-331-2218
COMMERCIALMORTGAGES
ALSO, Industrial, Multi-Residential & Construction
LEAKY CONDOFINANCING
Full Building Repairs, Upgrades & Remediation
BUSINESS LOANSAcquisitions, Expansion, Equipment & A/R
604-552-4392www.paramountfinancial.biz
Marking our 15th YEAR in business !
FOR ALL TYPES OF COMMERCIAL PROPERTY:
The Origin Group — Mike Lee
604-565-63701-877-848-6370
WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com A9
ommercial real estate sales were running close to $100 million per month through the first half of this
year, with $594 million changing hands through three-dozen transactions. Hottest markets are offices, industrial and apart-ment buildings and the big buyers are local investors.
A lack of supply hampered deal and dollar volumes in all asset classes, which led to lower deal and dollar volumes when compared with the record-setting $1.026 billion in investment sales activity by the mid-point of 2010.
The low cost of debt continued to drive down yields with private investors represent-ing the majority of both vendors and purchas-ers. Industrial and office product captured 75 per cent of the dollar volume invested by private buyers. Real estate investment trusts (REITs), which were the second most active purchasers of commercial real estate assets in the first half of the year, spread their invest-ments almost equally among office, retail and industrial assets.
These are some of the key trends noted in Avison Young’s Mid-Year 2011 British Columbia Real Estate Investment Review. The semi-annual report tracks office, industrial and retail investment sales in B.C. greater than $5 million.
“It is a perfect storm for vendors in the mar-ketplace right now,” said Michael Keenan,senior vice-president and managing director of Avison Young’s Vancouver office. “With a stable economy and banking system inspir-ing investor confidence, historic low interest rates, a lack of available quality commercial real estate and an inordinately high demand for commercial product that doesn’t exist, the combination of those factors has created an aggressive pricing environment and downward
pressure on yields. Vendors, should they choose to dispose of assets, will find buyers of all types working to meet their pricing expectations.”
Investment sales activity is not on pace to meet the record deal and dollar volumes of 99 transactions worth $1.946 billion witnessed in 2010. According to the report, investment sales declined by $326 million, or 35 per cent, over the second half of 2010 and by $432 million (42 per cent) over the first half of 2010. Deal velocity during the first half of 2011 also declined with 36 transactions closing compared with 45 and 54 transactions in the first and second halves of 2010, respectively.
Nonetheless, the first-half 2011 dollar volume of $594 million still exceeds the 10-year average for investment sales activity prior to 2010. Between 2000 and 2009, the 10-year average dollar volume for the first six months of the year was $503 million (with a recent low of $316 million in 2007 and a high of $765 million in 2006).
In the first half of 2011, purchasers invested 43 per cent more in office product ($270 mil-lion) than during the first six months of 2010 ($189 million) despite the same number of transactions (12). The office market posted the highest level of investment seen in any asset class this year to date.
Industrial dollar volume also increased in the first half of 2011, climbing 48 per cent to $186 million from $126 million during the first six months of 2010. The number of industrial sales
FEATURE B.C. real estate investments nudged $100 million per month during the first half of this year
WI STAFF
WESTERN INVESTOR
The sale of 50,000 square feet of office space at the Hotel Georgia office tower in Vancouver was among the top investment deals so far this year.
Phot
o: A
viso
n Yo
ung
transactions (13) outnumbered both office (12) and retail (11) trades.
Retail investment dropped 81 per cent to $138 million in the first half of 2011 com-pared with $711 million in the first half of 2010. Purchasers remained keen on acquiring retail assets, but most owners were unwilling to divest due to the inability to find replacement or alternative investments that would obtain similar yields, according to Avison Young.
“People would rather be owners of real estate than sellers of real estate in today’s environ-ment. As it relates to retail, it’s not a case of buyers cooling to retail – there just has not been that much available,” said Avison Young principal Michael Gill. “Owners of retail have simply not wanted to sell. It’s too hard to replace.”
Recent capital-markets turmoil has pusheddown Government of Canada bond yieldsto record levels with the five-year bond yield at approximately 1.5 per cent, some 70 basispoints (bps) lower than yields of one yea rago. This drop has, in turn, reduced top-tierfinancial institution lending rates by about 40 to 50 bps, as lending spreads have widened. Quotes for conventional five-year mortgage terms now have all-in interest rates with the best-quality loans being in the low-to-mid 3 percent range.
“We are going to see capitalization rate com-pression in the back half of the year because ofrecent events in the U.S. and Europe,” said Gill.“Interest rates are not going up any time soonand yields on Canada bonds are at historic lows.Cap rates are going to decrease further becausethere will be more demand to buy real estate asthe cost of debt is so appealing and alternativeinvestments are not that attractive.”
Office: Office sales activity increased by $81 million, or 43 per cent (33 per cent market share), over the first half of 2010.
Retail: After a record year in 2010 in termsof dollar volume ($1.148 billion), investmentactivity in B.C. retail assets was tempered inthe first half of 2011.
Industrial: A total of $186 million (31 per cent market share) worth of industrial proper-ties changed hands in the first half of 2011. Unlike previous years, industrial properties were the most actively traded commercial realestate asset type (13 of 36 transactions). Dollarvolume per transaction has remained fairly consistent over the past 18 months since the recovery began in earnest at the start of 2010.
Multi-family: Meantime, the multi-family market remained one of the most sought-aftercategories in the first six months of 2011, recording its best first half since at least 2008.Over the first half of 2011, total sales amounted to $238 million, a 125 per cent increase overthe second half of 2010 ($106 million) and a 51 per cent jump over first-half 2010 ($158 million).◆
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Commercial Real Estate Services, Worldwide.
www.naicommercial.ca
ELIZABETH WOZNICZKO604-691-6648 [email protected]
Committed to Canada. Connected to the World.
GARY HAUKELAND OR J.D. MURRAY604-683-7535
BILL HAMILTON 604-524-3641, [email protected]
COQUITLAM WAREHOUSE
www.naibusinesses.ca
ALF SANDERSON DELON CHEUNG 604-691-6646
alf@naicommercial .ca604-691-6654
delon@naicommercial .ca
SURREY CITY CENTRE BBY/NEW WEST/COQUITLAM
NEW WEST OFFICE/RETAIL COURT ORDERED SALES397 Acre Development Site, Sechelt BC
$22,250,000459.1 Acre Development Site, Cranbrook BC
$22,300,0003,070 sq. ft. Retail Commercial Development, Pemberton BC
SOLD165 Acre Development Site, Abbotsford BC
Price Reduced: $9,900,000
INDUSTRIAL & DEVELOPMENT SITES12,000 sq. ft. Strata Office/Warehouse, Richmond BC
SOLD
29.2 Acre Commercial/Industrial Development Site, Sechelt BC
$3,950,00065 Acre Agricultural Resource Site, Sechelt BC•
$1,200,00018.4 Waterfront Development Site, Sechelt BC
$1,100,000
BEAUTY BOUTIQUE & ACCESSORIES (Vancouver)
NEW LISTING ...................................................................... $480,000 + inv
FURNITURE AND CUSTOM BUILT ARTWORK & ACCESSORIES
................... ................................................................Asking $280,000 + Inv.
BLUEBERRY FARM & NURSERY (Abbotsford)
........................$1.98Mil
MOTEL PUB LIQUOR STORE (Vancouver Island)
.................. NEW LISTING $2.9Mil
MECHANICAL SHOP (North Vancouver)
.......................................................................................... $88,000
[email protected] [email protected]
MUSCLE CAR BUSINESS + PROPERTY CLOVERDALE, BC
KEN KIERS OR KEN HICK 604-534-7974 1-800-890-9855
TED WEIBELZAHL 604-514-6825 or 1-800-890-9855 [email protected]
EQUIPMENT RENTALS Metro Vancouver
$2.8mil
EMPLOYMENT AGENCY Metro Vancouver
$319,000
DOLLAR STORE FRANCHISE
.............................. $358,000+Inv
ICE CREAM FRANCHISE Vancouver
Shares $548,000
Ted Stellakis 604-691-6692 [email protected]
MICHAEL MARCKWORT [email protected]
Business - $325,000
Property - $2,100,000
RICK LUI 604-644-6182 [email protected]
RICHMOND$11 Million
$5.5 Million$2.8 Million$4.5 Million
VANCOUVER$7.8 Million
$5 Million
FINALLY AVAILABLE Langley’s Jeske Corporate Centre ASKING $1,798,000
INVESTMENT ASKING $3,600,000 NOI $240,000 6.6% Cap
SMALL BAY INDUSTRIAL UNITS SOLD OUT WE HAVE BUYERS WAITING – NEED LISTINGS
ZONED 51 UNIT MULTI FAMILY SITE IN AREA POISED FOR POPULATION GROWTHASKING $695,000
99 PAD PHASED MANUFACTURED HOME PARK 100 MILE HOUSE AREAASKING $650,000
st
st
ONE HOUR OPTICAL CENTRE ASKING $250,000 PLUS INVENTORY
HALCYON HOT SPRINGS VILLAGE & SPA
$15,900,000
CONSTRUCTION RELATED
$850,000
LANDSCAPING BUSINESS NEW LISTING
$890,000 share sale
NIGHTCLUB BAR & GRILL NEW LISTING
............................................ $1,750,000
AWARD WINNING MILLWORK BUSINESS (
$2.0m inc equip
VANCOUVER DINNER CRUISE BUSINESS REDUCED
$1.85m inc yachts
UNIFORM DISTRIBUTOR NEW LISTING
........ $390,000
METAL FABRICATING COMPANY
$1.8m inc equip
UNIQUE HOME IMPROVEMENT BUSINESS
$390,000 inc equip
HAIR & BEAUTY SALON
$258,000 + inv
INDUSTRIAL PROPERTY INVESTMENT $4,390,000
UNDER OFFER
UNDER OFFER
Cranbrook RV & Mini Storage
Asking $1,750,000
Cranbrook Mini Storage
Asking $1,090,000
Salmon Arm, Self Storage
Asking $1,630,000
42 Suite Apartment Bd, Kamloops
34 Suite Apartment Bd, Kamloops
Mobi le Home Park, Kamloops
drive to major malls
Asking $1,725,000
WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com A11
PETER SEED604-691-6608
KELOWNA$11,750,000
QUESNEL$144,500 $2.1 M
PRINCE GEORGE$4,250,000
GRAND PRAIRIE$140,000
KAMLOOPS;$95,000
PRINCE GEORGE$12,500,000
PRINCE GEORGE
SUNCOR / MCDONALD DISP
VICTORIA CORE$1,250,000
BURNABY;$900,000
QUESNEL; ,
$1.5 M
2 Six-plex Town Home Buildings Ocean view 2 bdrm/1 bath units. Pay-per-use laundry. Covered parking. Good locati on in Powell River on main street & bus route. $359,900 each
Westview Town Houses
Warren Behan Personal Real Estate Corporation
Your specialist in PRIME income-generating and redevelopment opportunities:
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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: $2,480,000
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BC HOTELS & MOTELS$750K to $5MCall for details
30 ACRES Residential Mountain Top20 Estate Homes - $5.5M
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$2.69 Million
LORNE CHERNOCHAN 604-880-0550 (cell)
CALL OR EMAIL FOR A FULL INFO. SET
WESTCOAST
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RICHMOND LAND INVESTMENT
3 ADJOINING PARCELS = 41 ACRES
2 STREETS FRONTAGE = 777 FEET
ADJOINING ARE INDUSTRIAL
+ GOLF + ALR
$7,980,000
BEST VALUE INDUSTRIAL STRATA
NORTH RICHMOND
$645,000 = $174 PSF
3716 sf = 2,850 sf warehouse with
GRADE + DOCK; showroom + 2nd
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INDUSTRIAL LEASE = $10 psf
2,555 sf NORTH RICHMOND
1,055 sf showroom
+ 1,500 sf warehouse
hen purchasing a property in the U.S. there are several dif-ferent ways to take title. Some
may sound familiar, e.g., joint tenants, but as a buyer you will need to understand how each different method can work for or against you. For example, if not purchased properly, joint tenants with rights of survivorship can have adverse estate tax effects on the survi-vor, whereas community property or tenants in common may prevent these adverse estate tax effects, regardless of the source of the funds used to purchase the property. With the proper advice, you can sidestep costly mistakes and take advantage of the some opportunities.
Another consideration is liability exposure. If you are renting your property, you are expos-ing yourself to more risk than if you occupied the home yourself. When taking the title in your own name, you are personally responsible for any liability issues that arise. Although you can purchase insurance to protect yourself from some liability, your liability is unlimited and the insurance coverage may not be enough to cover the liability, whereas using a business entity may limit your liability.
This is one of the most common mistakes that people make when purchasing property in the U.S. While you may desire to keep all of your investments within one entity, the very act of owning U.S. real property within your com-pany causes additional tax-filing requirements and can cause adverse tax results, including potential double taxation. Additionally, there could jurisdictional dis-
putes that would increase your legal fees.
How do you protect yourself against the liability associated with an income-producing property, e.g., rental property, yet not have the double tax or burdensome tax reports that are associated with a foreign entity? The optimum tax struc-ture will depend on three sets of laws: U.S. tax law, Canadian tax law and the U.S.-Canada tax treaty. Without looking at the ramifications in each of these three separate taxing authorities, you run the risk of getting hit with a double tax, additional taxes, additional tax filing and the aggravation, time and money it takes to correct the corporate structure. Doing it right the first time is critical!
Once you own real property in the U.S. you may have a tax filing and liability in the U.S. attributable to this income. If the property you own produces any revenue, e.g., rental income or capital gains on sale, you will be required to file a non-resident tax return by June 30 the year following the creation of the income. For example, if you sold your U.S. property in 2011, the income tax return is due by June 30, 2012. However, you will want to file early so your Canadian accountant can file the Canadian return and take the appropriate tax credit. Each owner of the property needs to file a separate tax return to report his or her share of the gain
(or loss) on the property. As a general rule any taxes that you pay to the U.S. will be a credit in Canada when you file your Canadian T1.
The U.S. estate tax is computed on the fair market value of the assets at the time of death. Therefore, even if the home is worth less than what you bought it for, you still could have a U.S. estate-tax liability. As a rule, non-residents of the U.S. are
allowed to exempt US$60,000 of their U.S. assets from estate tax; US$120,000 for marr ied couples . Under the U.S.-Canada tax treaty, Canadians are allowed a pro-rata amount of U.S. resident exemption, which is currently US$5,000,000 (2011). In many cases, the pro-rata amount is sufficient to exempt U.S. prop-erty from U.S. estate tax.
The U.S. is generally more litigious in nature than other
countries, including Canada. Because of this, you will want to ensure that you have adequate liability protection for both your personal-use properties and your investment properties. An inexpensive way of mitigating your exposure is to purchase an excess risk (umbrella) policy in addition to the liability coverage that is built into regular homeowners properties.
If you are purchasing an investment property you want more revenue than expenses, other-wise why do it? One common expense that is forgotten is the amount of accounting and tax-preparation fees. For example, a simple limited liability partnership return can cost US$1,200 or more. If you only have one single-family home in the partnership and you gross $1,000 per month, than you have just spent 1/12th of your gross rent just to support your corporate structure, and you still have to file a personal tax return for each of the partners. If you are buying multiple properties, there may be ways to structure the purchases in an
There are bargains, but Canadian investors must practise due diligence to avoid being burned
BRYANT E. ANDRUS
overall more cost-effective manner.
The person giving you tax advice should havesome knowledge and (preferably) experienceof the three taxing authorities (U.S. tax law; Canadian tax law; and the U.S.-Canada taxtreaty). There are too many instances of clients relying on advisers who did not fully under-stand this area of tax, unnecessarily incurringthousands or hundreds of thousands of dollars in professional fees, taxes and tax filings.
The Foreign Investment in Real Property Tax Act (FIRPTA) of 1980 was designed to ensure that non-resident persons who have a U.S. tax liability on appreciated U.S. real property paythese taxes. When a non-resident person sellsU.S. real property, FIRPTA requires a 10 percent withholding tax based on the gross sell-ing price. However, certain forms can be filedbefore the close of escrow that can reduce thewithholding to 10 per cent of the gain, ratherthan on the sales price. Further, withholding does not apply to all sales transactions.
When purchasing U.S. property, non-U.S. per-sons often get so bogged down with the taximplications that they lose focus of the big pic-ture. Taxes are important, but they are the tailof the animal that we call investing. As long asyou have hired a qualified cross-border adviser, he or she should be able to guide you through the maze of issues to give the best tax result.◆
Bryant E. Andrus is a certified financial plan-ner with KeatsConnelly of Phoenix, Arizona,which works closely with Canadian investors buying property in the United States. Andruscan be reached through www.keatsconnelly.com. Or phone 1-602-955-5007.
Note: Western Investor will publish a special report next month on Canadians investing inthe residential real estate market in the UnitedStates, with a focus on the Sunbelt. The reportincludes examples for buying cash-flowing condominiums and detached houses in marketssuch as in Arizona and Nevada. - Editor
Terry A Young 604-970-38081-800-665-1455
[email protected] RE/MAX Crest Realty
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A12 Lower Mainland www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR
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When it comes to commercial real estate, use a REALTOR® and get back to business.
The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA.
WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com A13
COVER Resource agreement will let Territories keep up to 10 times more of their mining and oil royalties
Please see Ice free page A14
WI STAFF
WESTERN INVESTOR
hen Prime Minister Stephen Harper touched down in Whitehorse to end his annual
tour of Northern Canada this August, his government had already delivered what the Yukon government had long demanded: a better deal on royalties from some of the richest resource fields in the world.
The Yukon will keep a much greater share of its resource royalties thanks to the proposed new deal, according to Yukon Premier Darrell Pasloski, who has called a fall election for this year where the agreement is expected to be a cornerstone of his campaign.
Currently, the territory can only keep the first $3 million earned annually from mining royalties. Anything more is clawed back by Ottawa. The new agreement would be far more generous, allowing the territory to keep annual resource revenue of up to $41 million.
The deal is similar to one reached earlier with the Northwest Territories (N.W.T.) and is a signal that the vast northern resources, which include gold, diamonds, oil and gas, are meant to fuel northern development.
Currently, most Yukon residents – 80 per cent of whom live in the capital of Yellowknife – rely on paycheques from various levels of government, or First Nation transfers, which make up about 20 per cent of Yukon income.
But with the Arctic ice melting, a global push for access to resources and the potential of at least three new mines opening, the Yukon may be experiencing another private industry “gold rush” like the one that first made it famous.
“When the Yukon Party government took office in 2002, we promised no tax increases and delivered,” Pasloski said in a pre-campaign statement.
“Thanks to sound economic planning and
negotiations with the Government of Canada,we’ve been able to raise the territory’s budget from $550 million in 2002 to over $1 billion for three successive fiscal years. We plan on moving forward with continued economic growth to ensure that Yukoners’ money stays with Yukoners.”
Harper’s visit was long on symbols and short on specifics. The prime minister toured a new museum in Whitehorse and visited Kluane National Park, after visits to the N.W.T. and Nunavut, where he toured a large gold mine.
Harper’s message remained the same at every whistle stop: Canada is focused on “four pillars” of northern development, which he defined as exercising Canada’s Arctic sov-
ereignty, protecting the North’s environmen-tal heritage, promoting social and economic development and improving and devolving northern governance.
In the past three years, Ottawa has spent $140 million for the creation of a northern economic development agency and strategic investments, and pledged millions of dollars for new Arctic patrol ships and a new polar icebreaker.
Meanwhile, the Yukon government has used incentives to attract more industry. An example is Minto Explorations Ltd., which opened a high-grade copper and gold mine, the Minto Project, in the Whitehorse mining district four
years ago. The Minto Project is an open-pit mine followed by conventional crushing andgrinding. The copper and gold concentrates are exported to smelters for treatment and sale through the year-round port of Skagway,
160 kilometres south o fWhitehorse.
The Yukon government helped the company work quickly through the permit-ting process and assisted Selkirk First Nation withfunding for implementing a co-operation agreement with Minto. Minto is asubsidiary of Vancouver-based Sherwood Copper Corp.
Incentives are also being used, on a smaller scale, to attract new business to Whitehorse, the capital
and largest city – 24,000 population – in theYukon.
Government is the major single source ofeconomic activity in Whitehorse, and gov-ernment services accounts for 20 per cent oftotal employment. In smaller communities in the Yukon, the proportion of employment in government services may be a little larger butin Whitehorse the wide array of government activities encompasses most public services for the Territory.
The capital is the supply centre for mos tYukon communities, and people tend to buymany products, especially big-ticket items, directly from Whitehorse.
In a bid to draw new small and medium busi-nesses, Whitehorse and the Yukon government offer loan guarantees of up to $100,000 for promising start-ups and a $4 million invest-ment tax credit, only $1 million of which had been claimed so far this year according to Ian Young of Yukon Economic Development.
Young said the incentives are not aimed at retail businesses, but at wholesale operators, trucking outfits and other employers. He noted
Phot
o: P
MO
offic
e
Prime Minster Stephen Harper visits Whitehorse (RIGHT) and a northern mining play: new agreement will allow Yukon to keep more money from resources royalties.
ROBERT THAM MARC SAUL Corbel Commercial Inc.www.corbelcommercial.com Tel: 604.609.0882 Fax: 604.609.0886 [email protected]
E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
666 ALEXANDER ST• 3 STOREY CHARACTER APARTMENT BUILDING• 5 RESIDENTIAL UNITS & 4 SRO UNITS• RENOVATED BUILDING• PLEASE CONTACT AGENT FOR FURTHER DETAILS
ON TENANCIES AND RRAP GRANT• LOT SIZE: 3,050 SF (APPROX.)• ZONING: DEODLIST PRICE: $848,000
100 141 WATER ST.• CHARACTER OFFICE OPPORTUNITY IN GASTOWN• EXCELLENT OWNER OCCUPIER OPPORTUNITY• BUILT-IN RECEPTION, BOARDROOM AND OFFICES• UNIT SIZE: MAIN: 777 SF (APPROX), LOWER LEVEL:
945 SF (APPROX.) – AS PER STRATA PLAN• AMPLE STORAGE SPACELIST PRICE: $498,000
57 E CORDOVA ST.• PREMIER GASTOWN MAIN LEVEL LIVE/WORK UNIT• EXCELLENT STREET FRONTAGE AND VISIBILITY• CHARACTER SPACE WITH BRICK AND BEAM• OVERSIZED WINDOWS FOR AMPLE NATURAL LIGHT• UNIT SIZE: 1,726.53 SF (APPROX.)• ZONING: HA – 2 (HISTORIC GASTOWN AREA)LIST PRICE: $888,000
SOLDSOLD
PRICE REDUCED
611 POWELL ST.• FREESTANDING LIGHT INDUSTRIAL BUILDING• OWNER OCCUPIER / POTENTIAL INVESTMENT
OPPORTUNITY• MAIN LEVEL PLUS BASEMENT STRUCTURE• EXCELLENT VISIBILITY ON POWELL ST.• LOT SIZE: 6,100 SF (APPROX)• ZONING: DEODLIST PRICE: $1,550,000
UNDER CONTRACT
353 WATER ST.620 SEYMOUR ST.1-15 W. CORDOVA ST.33 W. PENDER ST.678 E. HASTINGS ST.
SOLDSOLD
SOLD
PRICE REDUCED
PRICE REDUCED
PLEASE VISIT OUR NEW WEBSITE
WWW.CORBELCOMMERCIAL.COM
A14 Lower Mainland/Business Opportunities OCTOBER 2011 WESTERN INVESTOR
New Dairy Queen Grill & Chill (Business Only) Free standing 3000 sq/ft with drive thru
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from A13that the strong Whitehorse economy is enough to attract retailers: “We have everything,” he said, naming Starbucks, Walmart and other name-brand retailers.
Whitehorse has a near-zero rental vacancy rate and a strong demand for new homes, charac-teristics that may make landlords and home builders take notice.
The City of Whitehorse controls most the potential residential development land, how-ever, and conducts an annual land lottery to sell its building lots. For this year, the city offered about 20 lots, each capable of host-ing a detached house or a duplex. The lot draw was held last month, with land offered at from $110,000 for 8,000-square-foot lots to $170,000 for larger prime lots of around 16,200 square feet.
Demand for housing is forecast to increase as mining activity ramps up in the region. As the Minto Mine expands, Alexco Resource Corrp. is moving forward on plans for its Bellenko deposit and has obtained rights to the old United Keno site, a silver mine that closed in 1989. Western Copper Corp., 192 kilome-tres north of Whitehorse, is now operational and expanding and is expected to produce about 32 million pounds of copper annually. Redfern Resources also plans to activate the old Tulsequah Chief Mine north of Whitehorse near the Alaska border.
Meanwhile, analysts say there are othe rpromising mine explorations in the White Gold District, within the Tintina Gold Belt,a 200-kilometre-wide, 1,200-kilometre-long arc extending from northern B.C. through theYukon and into southwest Alaska. Potential plays include Underworld Resources, whichholds 16,900 hectares of property in the area and approximately $16 million in its treasury;and Kaminak Gold, with three propertiestotalling 7,680 hectares. Kaminak was the firstinto the area and has announced an aggressiveprogram totalling at least $500,000 for thisyear. Others include Northern Tiger, with seven properties totalling 5,244 hectares, andCapstone, owner of the Minto Mine, which retains rights to acquire a 65 per cent interest in any of Northern Tiger’s projects located within a 50-kilometre radius of the Minto Mine. A $1 million exploration program was budgeted forthis summer by Northern Tiger.
One of the key aspects of Yukon and north-ern development isn’t mines, however, but theriches beneath the quickly melting Arctic ice. Arctic sea ice is disappearing at a near-recordpace, opening shipping lanes for cargo traffic and oil exploration, according to Environment Canada. Ice cover is close to a record low,opening “almost the entire northern sea route to icebreaker-free shipping” as of early August, stated the Moscow-based Federal Hydrometeorological and Environmental Monitoring Service.◆
WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com Lower Mainland A15
www.homelifebc.comwww.homelifebc.com
BARRY BOCK / DON KAYTORPhone 604-575-5262 Phone 604-599-9287
Fax (604) 575-2214 Email: [email protected] Website: www.barrybock.com
LIQUOR STORES, PUBS, HOTELS/MOTELS
HOMELIFE BENCHMARK TITUS REALTY
NEIGHBOURHOOD LIQUOR STORES - PUBS - HOTELS - RESTAURANTSIF WE DON’T HAVE IT LISTED WE WILL FIND IT FOR YOU!
MANY NEIGHBORHOOD PUBS IN ALL PRICE RANGES NOW AVAILABLE.
NANAIMO PUB & LIQUOR STORE $1,275,000 SHARE SALE
NANAIMO ROAD HOUSE & LIQUOR STORE – $1,050,000 2½ acres. Land & buildings. Asset sale. Includes 2 suites. PRICED TO SELL
MAPLE RIDGE PUB & LIQUOR STORE $4.2 MILLION, NETS OVER $700,000. WILL SELL SEPARATELY.
NEW WESTMINSTER PUB & LIQUOR STORE $2,950,000 (SHARE SALE)
SURREY PUB & LIQUOR STORE – Money maker. $2,000,000. Hurry! SHARE SALE.
QUEENSBOROUGH DEVELOPMENT PROPERTY – Many options – cleared land, approx 34,000 sq ft – zoned commercial/residential. 3 PROPERTIES - OWNER MOTIVATED
BURNABY PUB & LIQUOR STORE –Business only. $2.5 Million
3 SURREY PUBS IN BUSY SHOPPING CENTRES - PRICED BELOW REPLACEMENT GREAT TERMS.
GLENAYRE REALTY
MORE DETAILS CALL:
GAS STATION WITH LAND & BUILDING $2.9 MIL
FRASER VALLEY GAS STATION, C-STORE, LIQUOR
STORE, PIZZA SHOP, 4 BDRM LIVING ACCOMMODATION UPSTAIRS
(BUSINESS ONLY) PRICE: ONLY $219,000
OR BUSINESS W/LAND & BUILDING $1.65M
2 MORE GAS STATIONS WITH LAND AND BUILDING (FRASER VALLEY)
$1.8 MIL EACH
GAS STATION WITH LAND & BUILDING $2.69 MIL.
OVER 1.5 MIL IN STORE SALES. GAS: OVER 3MIL LITRES. NEW TANK AND PUMP.
EXCELLENT GROSS PROFITS AND NET INCOME.
INDO-CANADIAN GROCERY STORE, FRESH PRODUCE, VIDEO AND
RESTAURANT (BUSINESS ONLY) FRASER VALLEY. PRICE: $99,000
PAMMI MANDAIR CELL: 604-825-8121 OFFICE: 604-859-3141 [email protected]
TOLL FREE: 1-888-251-2822DIRECT: 604-302-3771FAX: 1-888-804-1394
EMAIL: [email protected]
Homelife Glenayre Realty
Golden, BC – 101 pads, 13 acres ...........5,900,000
Lac La Biche, AB – 58 pads, 157 acres ..3,000,000
North Battleford, SK – 60 pads, 10.9 ac .2,700,000
Invermere, BC – 31.48 acres, MHP site . 1,900,000
Kindersley, SK – 51 pads, 4.0 acres .......1,400,000
Radium, BC – 9.77 acres, Cml Hwy Frtg ....900,000
Hope, BC – 40 pads , 4.05 acres ...........1,100,000
Quesnel, BC – 30 pads, 9.25 acres ...........725,000
Cherryville, BC – 25 pads, 22 acres ..........685,000
Ashcroft, BC – 8 pads, 0.64 acres .............399,000
Houston, BC – MH & RV Park, 40 ac+/- ....399,000
RAY LEWIS604-812-9733West Coast Realty
L A N G L E Y
TOP COMMERCIAL INVESTMENTFully leased, A-1 condition, good cap rate
and only $1,350,000
ALBERTA OPPORTUNITYOver 130 acres for res.dev. adjacent to large subdivision and near jobs, Edmonton airport.
Be ready for 2012 housing demand.
DEVELOPMENT SITESSurrey, Langley, Abbotsford; small to large for
detatched homes, condos, duplexes, townhomes.
SHORT-TERM RESIDENTIAL HOLDLand near freeway in Langley’s exploding
Willoughby area.
Southern exposure, building sites, ample water, power & telephone at lot line, fully fenced, partially cleared, good views, zoned R but has farm status. Peaceful & serene but only minutes from all amenities. Asking $399,900.
10 PRIME ACRES FOR SALERyder Lake
Cathy Reimer 604.858.7179
Nyda Realty
RoaronConstruction“Your One Stop Shop”
Call Now 604-888-7818or Email [email protected]
Automotive, Retail, Restaurant, Office and Caretakers SuiteI-1 Zoning
FOR SALE INDUSTRIAL PROPERTY Delta BC - 11955 95A Ave
Alex Yuen 604-338-1800Alex Yuen PREC Macdonald Realty Ltd.
$1,699,000
11680 SF BUILDING ON 21,961 SF P R O P E R T Y
This property is located in the Fraser Valley and has 2 Triple “A” National Tenants on Long Term Lease. The Main tenant is a Farm Equipment Dealership and the 2nd is a Mini Storage Co. Both have been there for the past few years and planning to stay there for a long time.
SURREY GATEWAY HI-RISE SITE
2
Asking: $25,000,000
For more information Garry Ward
or
Michael Ward
West Coast Realty
Waterfront Pub & Detached Liquor Store
Land, buildings and businessPrince Rupert, BC $2,500,000
BC’s fastest growing super port city
JOHN JOHNSON
JOHN JOHNSON Tel: 604-319-2504Fax: 604-463-5287
PRUDENTIAL STERLING REALTY LTD.
For Lower Mainland Pub Opportunities call:
SOUTH OKANAGAN PUB Liquor Store and Building for sale Asking $1,450,000
LOWER MAINLAND PUB & LIQUOR STORE
$2,300,000
LOWER MAINLAND Pub & Liquor Store
Opportunities
P U B SFor Sale
A16 Lower Mainland www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR
Macdonald Commercial Real Estate Services Ltd.
• Suit Pool Hall/Recreational/office business/coffee shop for owner/investor • Near Riverside Heights Centre, North Surrey • List Price: $625,000 REDUCED: $575,000
CONTACT: JOHN SULLIVAN | 604.714.4773 | [email protected]
Vancouver 604.736.5611 | Fraser Valley 604.590.2444 | www.macdonaldcommercial.com
• 7767 128th STREET, SURREY: ± 1.844 acre high exposure industrial/commercial site Asking $4,290,000
• 17351 16th AVENUE, S.SURREY: ± 14 acre residential development site Asking $4,780,000
• 29352 FRASER HWY, ABBOTSFORD: ± 14 acre agricultural site fronting Fraser Highway. Vendor Financing available
Asking $1,795,000 REDUCED $1,745,000
• 5128 184th STREET, SURREY: 8.435 acres of agricultural Land
Asking $1,077,000
7767 128th St, Surrey 20178 96 Ave, LangleyFOR LEASE
• 20178 96th AVENUE, LANGLEY: Brand new 33,800 sq. ft. four-storey A-class office building for lease
• Various sized units available
• Occupancy: Fall 2012
• Excellent location near major highways in Langley, BC
• Retail units also available, including one drive-through location
• Lease rates starting at $17.50
FOR SALE3075 Willow, VancouverFOR SALE 1275 W. 75th Ave, VancouverFOR SALE
• 3075 WILLOW, VANCOUVER: 8 units 17 years old Apartment Blg.
• 1275 W. 75th AVE, VANCOUVER: Warehouse/Showroom/Office
• Elevator
• 11 underground parking
• 2 Bdr units (avg. 1,000 sq. ft. each)
• 3 Blks to VGH & 1 Blk. to Shaughnessy
• Ground floor units, 2-storey twnhse with outside entrance
• Fireplaces in all units
• In-suite laundry
• Most units incl. 2 bath & hardwood
• List Price: $3.85M
• ½ acre industrial land next to Author Liang Bridge
• 16,000 sq. ft. freestanding warehouse/offices
• Partly or fully leased with 5,500 sq. ft. warehouse & 1,300 sq. ft. of fice currently available for owner/user or tenanted
• List Price: $3.6M
• 8369 RIVER WAY, VANCOUVER: Warehouse/Showroom/Office
• ½ acre, upper office 1,000 sq. ft. main office/showroom 1,500 sq. ft. warehouse 6,000 sq. ft.
• Easy access to New South Fraser Perimeter road & HWY 99
• List Price: $1,350,000
CONTACT: BOB SCRAGG | 604.290.2906
FRASER VALLEY PROPERTIES | VIC SANDHAR & MIKE GREWAL PREC
3075 Willow, Vancouver
• Championship Golf Course with Hotel/Resort Potential, Vancouver Island • Par 72, 6616 yards, 18 holes Championship Golf Course on 159 Acres • 12,000 sq. ft. club house with pro-shop, restaurant, lounge and banquet facilities • Full size driving range and large practice facilities • Preliminary plans for a 200 rooms hotel and convention centre • 8,000 sq. ft. custom built home CONTACT: ERIC POON or KELVIN LUK | 604.736.5611
RARE GOLF COURSE OPPORTUNIT Y FOR SALE | ERIC POON & KELVIN LUK
• Well established appliance/furniture store in Kootenays (Trail, BC) • Land, building and business for sale • Building size is approx. 33,000 sq. ft. on a 1.5 acre lot. • List Price: $2,000,000
CONTACT: ALI MOHSENI | 778.840.8405 | [email protected]
FOR SALE: KOOTENAYS FURNITURE & APPLIANCE STORE | ALI MOHSENI
FOR SALE: RETAIL INVESTMENT | JOHN SULLIVAN
3075 Willow, VancouverFOR SALE 1275 W. 75 th Ave, VancouverFOR SALE
VANCOUVER PROPERTIES | BOB SCRAGG
8369 River Way, VancouverFOR SALE
COURT ORDERED SALES | BRIAN TATTRIE & GARY KHAN
• 2 retail strata units, Langley: $599,000 REDUCED: $529,000 • Office Building, New Westminster: $1,450,000 REDUCED: $1,300,000
CONTACT: BRIAN TATTRIE - 604.714.4783 | GARY KHAN - 604.714.4799
COURT ORDERED SALES | BRIAN TATTRIE & GARY KHAN
• Land, building & business for sale • Approx. 10 acres in ALR. List Price: $1,975,000 REDUCED: $1,750,000
CONTACT: GARY KHAN | 604.714.4799
FOR SALE: KELOWNA GOLF RANGE - Land, building & business | GARY KHAN
• 8220 120th & 8232 120 th ST, SURREY: High exposure redevelopment site
• located on the northeast corner of 120 th St & 82nd Ave on the Surrey/ Delta border.
• Combined site area of 43,698 sq. ft. (1 acre)
• With two adjoining buildings on site Site totalling approx. 30,000 sq. ft.
• Call for further details
• Asking $3,600,000
8220 & 8232 120th ST, Surrey FOR SALEFOR SALE | VIC SANDHAR
CONTACT: VIC SANDHAR | 604.590.2444 [email protected]
• 16558 18th AVE, SOUTH SURREY: 9.56 Acres of development land located in the Grandview Heights NCP #2
• Designated as 10-15 units per acre
• Asking $5,850,000
CONTACT: VIC SANDHAR | 604.590.2444 | [email protected]
MIKE GREWAL PREC | 604.590.2444 | [email protected]
SOLD
16558 18 th Ave, SurreyFOR SALECONTACT: BOB SCRAGG | 604.290.2906 [email protected]
FOR SALE | GARY KHAN
• 59 lot subdivision • Little Mountain Chilliwack • List Price: $4.5M
CONTACT: GARY KHAN | 604.714.4799
FOR SALE: KAMLOOPS BOUTIQUE HOTEL | BRIAN TATTRIE
• Kamloops/67-room boutique hotel/Bar/Restaurant/lots of upgrades
CONTACT: BRIAN TATTRIE | 604.714.4783 | www.briantattrie.com
PRICE REDUCED
FOR LEASE OR SALE
JOE SACCO 778-889-2424
SUTTON CENTRE REALTY
Leasing: 1,000-3,000 sq. ftFor Sale: $4,700,000
YVONNE CONNOR 778-997-7096
Great Location on Kingsway, Vancouver
Michelle Watson [email protected]
Chicago'sArtscape
• Chicago Landmark 300,000 GBA • Cermak Creative Industries District Pioneer • MICD25 grant recipient for district • Major Film and Television Location • 447 tenants in place • High Yield Investment
Creative Placemaking,It Starts With Space!
Bill Summers
Other Mobile Home Parks coming up in Lower Mainland and Alberta on City services. Call to get on the wait list for information.
Fraser Valley Mobile Home Parks42 pad MHP
$4,000,00031 pad MHP
$1,295,000
Mission
$4,000,000. SOLD SOLD SOLDLougheed Hwy Deroche
$295,000
Direct Line: 604-626-8894 Email: [email protected]
WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com A17REGIONAL ROUNDUP Booming Prince Rupert port spooks U.S. traders as global giants bid for coalfields
Please see Global play page A18
JENNY WAGLER/JOEL MCKAY
WESTERN INVESTOR
key player in the economy of north-ern B.C. has had such success that it is rattling the U.S. government.
Rumblings are growing of an American investigation into whether the Port of Prince Rupert’s booming container business has unfair advantages over U.S. ports.
Richard Lidinsky is chairman of the Washington, D.C.-based Federal Maritime Commission (FMC), which regulates American water-borne commerce. He said he’s expecting the U.S. Congress to ask the FMC to launch an investigation this fall into the Port of Prince Rupert’s container business.
In 2010, the Port of Prince Rupert’s contain-er volumes grew by nearly 30 per cent to more than 340,000 TEUs (20-foot equivalent con-tainer units). In September 2010, Prince Rupert was named North America’s fastest-growing container port by London, U.K.-based Drewry Shipping Consultants.
Lidinsky said that the concerns that he has been hearing from West Coast members of Congress centre around the following: • a harbour maintenance tax that gets slapped on containers coming through U.S. ports that has no equivalent in Canada; • a belief that Prince Rupert port security is more lax than security at U.S. ports; and • differing rail structures on both sides of the border that give advantages to Canada.
“This all leads up to the fact that people have alleged that a shipper coming from, let’s say Shanghai through to the Chicago area, is paying up to $600 a box less [if it’s shipped through the Port of Prince Rupert] than if that
same box had come through Seattle.”Lidinsky said Canada isn’t believed to be
breaching NAFTA or any other bilateral agree-ments. But he said the U.S. wants to establish whether the FMC has jurisdiction over U.S.-bound cargo arriving through a Canadian port.
“It needs to be established because we have statutes that deal with preference – one shipper over another shipper – and discrimination,” he said. “It’s a general regulatory framework that we’re trying to clarify.”
Lidinsky said one suggested “solution” to levelling the alleged unequal playing field would be to have the U.S. require U.S.-bound
containers being shipped through Canada to pay the harbour maintenance tax – “to equalize the treatment [of cargo].” But he said NAFTA makes that difficult to legislate.
Lidinsky said there’s no push for confronta-tion with Canada.
“We’re not trying to erect any kind of barrier or wall in Canada,” he said. “If the shipper wants to come through Canada, that’s his choice. If he feels he gets a better shipping deal coming through Rupert than through Seattle, that’s his choice. But we want to make sure he’s doing it by the rules and those ports can compete equally for that cargo.”
However Shaun Stevenson, vice-president ofmarketing and business development at PrinceRupert Port Authority, said the American concerns are unfounded.
“If [FMC] did complete some study into the movement of U.S. goods through Canadian ports, they’d find they’re moving through the safest entry points into North America in our security and protocols – and as well that Canadian ports and transportation systems aren’t subsidized.”
Stevenson said efficiencies for shippers are at the heart of the port’s success.
“We’re about a day and a half, minimum, closer to Asia than any other West Coast port and with the efficiency of the rail system, you can save four to eight days compared to other West Coast routes,” he said.
Gary LeRoux , execu-tive director of the Canadian A s s o c i a t i o n o f P o r t Authorities, said he saw nomerit in the proposed American investigation.
“It’s clearly the silly seasonin Washington if this is the kindof investigation they’re thinkingabout launching.”
He argued that it’s rich to see American ports complain-ing about being disadvantaged,
given that they receive more government fund-ing than their Canadian counterparts.
“We’d love to have all the largesse heaped on their ports by local, federal and state gov-ernments. We don’t have the luxury here in Canada.”
LeRoux added that issues such as the harbourmaintenance tax need to be solved within theU.S. rather than in Canada, and argued that the proposed investigation will only hurt Americanshippers and consumers.
“If Congress wants to go to Walmart andtell them, ‘You shouldn’t take the best price and the fastest route to get your shirts on the shelf
Phot
o: W
orld
Tra
de C
entr
e
(TOP) Port of Prince Rupert: with volumes up 30 per cent this year, it has been named North America’s fastest-
growing container port. (RIGHT) More coal trains will be running in B.C. as U.S., U.K. and Swiss investors buy in.
Phot
o: P
rinc
e Ru
pert
Por
t Au
thor
ity
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ARIZONA
A18 Lower Mainland www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR
Powell River Investment OPPORTUNITIES
Multi-use Light Industrial Property1.3 acres with 16 storage bays, office, 21’x41’ shop/bay with 3 phase power. Fully fenced, easy highway access, good exposure, room for expansion, just minutes south of Powell River. $339,000
Ideal Commercial Building Sitewith fantastic ocean view! Paved 33’ x 86’ lot on busy Marine Avenue among downtown restaurants, retail and service outlets. $109,900
In-Town Oceanfront Property Multi-purpose Development Property; 97 acres gently sloping land + approx 19 acres of foreshore with deep water access. $3,100,000
Magnificent Waterfront Acreage245 acres west sloping land approx. 2700’ wa-terfront; incredible panoramic views; in ALR
$3,100,000
Incredible Location! 132 acres just past downtown core; select areas provide stunning ocean & island views; in ALR $849,000
Ideal Agri-Business Opportunity102 acres fairly level land; many possibilities; easy access; in ALR $569,900
Great Investment Property 30 acre wooded parcel zoned M3 Industrial; easy ac-cess; services available $349,000
Aroma's Gourmet Coffee & LunchWell established; steady clientele. Leased space in active business complex; Across from Airport. Financials available. $54,900
Downtown Ocean View Buildingon main street, ready to go as a restaurant on main floor plus unfinished lower level & de-tached building with long-term tenant; paved parking lot; fronts 2 streets. $399,900
Your Dollar Store with More Clean, bright, well-organized floor plan in 6000 sqft lease space. Great exposure in a high trafficarea. Good mix of surrounding businesses in this shopping/service complex. $149,900
MAPLE RIDGE16 ACRES + LARGE HOME
$2,100,000
PORT COQUITLAM4 LOTS APPROVED FOR SUBDIVISON
$1,395,000
FLEETWOOD4 LARGE LOT SUBDIVISION
$1,599,000
monarkinvestments.caPlease visit our website or call for more details.
604-592-7250Financing Available. Potential Trades.
FOR SALE
LANGLEY46 PRIVATE ACRES (2 Titles)
$6,250,000
Distribution Warehouse
Corney Les 604-795-6938
RE/MAX Corney Les Realty www.morechilliwackrealestate.com
Located at Duke Point near Nanaimo this 35000 sq. ft. warehouse is ideally
situated for distribution of goods to Island locations. Just 5 years old this
building has 22 ft. ceilings, fi ve loading bays, 1800 sq. ft. of offi ce space as
well as a 3 bedroom caretaker suite. Now available for sale at $4.3 million or
for lease at $7 NNN.
Roy Mufford 604-533-3491RE/MAX Treeland Realty
3 6 . 4 A C R E P R O P E R T Y A B B O T S F O R DOne of a kind awesome view, overlooking Fraser river & Valley farms. Ideal building site for the exclusive country estate. Fully useable farmland for berries or livestock.
$2,188,000
Spectacular View
For more Information please visit www.KafkaRealEstateTeam.com
NEW PRICE $724,900
Rare Opportunity - Mission, BC
Bring your offer - Seller wants it Sold!Info Package available
TRUDE KAFKA cel: 604-791-1304 email: [email protected]
Sutton Group Showplace Realty Ltd.
AWESOME 14 PARK-LIKE ACRES from A17… because the American consumer wants to pay more,’ then go ahead. Because that’s what they’re saying.”
Meanwhile, two recent mid-sized deals are further evidence that global mining firms are squaring off for dominance of B.C.’s northern coal resources. And the investors are not just coming from energy-hungry Asia.
On August 17, U.K.-based mining giant Anglo American announced a deal to take full control of the Peace River Coal Partnership,which operates the Trend Mine near Tumbler Ridge.
A week earlier, Switzerland-based diversi-fied miner Xstrata paid $147 million to buy privately held First Coal Corp. and take con-trol of its exploration properties in northeast B.C.
“They see the potential, particularly in British Columbia; there are huge opportunities there,” commented Allen Wright, president and CEO of the Coal Association of Canada.
Both deals revolve around high-quality met-allurgical coal used to make steel, and come amid ongoing demand for the mineral from growing economies such as China.
“The supply-demand picture right now is tight,” said Wright. “I just don’t see the demand lessening over the next little while.”
Mike Plaster, a coal analyst at Salman Partners in Vancouver, agreed.
“From what we’ve seen the fundamentals for the coal markets are still fairly robust, and on the metallurgical coal side of things the spot prices have held in there fairly well despite the recent [market] concerns,” said Plaster.
Earlier this month, spot coal prices topped out at US$304 per tonne for premium-grade steel-making coal.
Although Plaster said that’s lower than the quarterly contract rate of US$315 per tonne, it’s
still far above a US$225 price per tonne during the same period last year.
Wright and Plaster agreed the Anglo and Xstrata deals are likely opening salvos in what could be long-term investment in the province. It is a movement that could mean big changes in B.C.’s northeast.
Anglo’s decisions to buy full control of Peace River Coal represents a significant about-face
for the company, which only a year ago hadput its 75 per cent stake in the partnership up for sale.
Meantime, Xstrata, which has interests inmore than 30 operating coal mines, said the First Coal deal represents “an opportunity togrow Xstrata Coal’s coking coal assets withinCanada, an attractive investment destination with a relatively stable regulatory and fiscalregime.”
Both deals come less than a year after U.S.-based Walter Energy bought Western Coalfor $3.3 billion, acquiring three mines near Tumbler Ridge and paving the way for it tobecome the world’s largest pure-play metal-lurgical coal producer.
B.C.’s reigning coal producer, Teck Resources,also has plans to expand its B.C. portfolio.
The company, which already operates fivecoal mines in southeastern B.C., is working on a feasibility study to re-open its Quintette Minenear Tumbler Ridge.
Teck said that, assuming permits are receivedsoon and development proceeds as planned, Quintette could be back in production in 2013.Other players such as the U.K.’s Anglo Pacific Group, London, Ontario’s Fortune Mineralsand Vancouver-based Compliance Energy areadvancing coal projects elsewhere in B.C.
Said Wright: “If you add up all the compa-nies that say they are going to develop mines, you could easilu double the production in theprovince.”◆
“Shippers can save from four to eight days trans-porting from Asia to the U.S. through Prince Rupert compared to any other West Coast port”
Linen Supply Established, successful linen supply company. Currently supplying tablecloths / napkins to restaurants and banquet halls under contract. Company also supplies washroom supplies and entrance carpets. A great family business! Excellent cash fl ow!
Asking $475,000.00
P R U D E N T I A L U N I T E D R E A LT Y
Phil Johnston604-263-8800
33 SUITE APARTMENT BLDG
NCI REALTY LIMITED200 – 1687 West Broadway Email: [email protected], BC V6J1X2 Direct Line: 604-724-9524
1835 McLean Drive, Vancouver BC
Far Below Market Rents
Contact: NEAL IVERSON
WESTERN INVESTOR OCTOBER 2011 Lower Mainland/Sea to Sky/Sunshine Coast A19
$1,270,000 NO BRAINERExclusive Listing 44290 Yale Rd. West Excellent Hwy Exposure. 4 Bays plus Live in Suite Zoned. M2. Land approximately 19,166 sq.ft. Building approximately 7976 Sq.Ft. Each bay has separate entrance, large overhead doors. Perfect Investment Building in Growing Area. Just Listed. Call 604 798 2977 for Details
$149,000 QUIZNOS Busy Sardis location, Excellent Franchise op-portunity you don't want to miss. All information available, call for complete info package. This is priced to sell!
$279,900 Business or $670,000 for Building and Land Agassiz 100 seat restaurant with excellent income, new reno's, full kitchen, A/C and fully licence. Great income and investment opportunity. Room for 60 seat patio. Established business with great clientele.
$449,000 45922 YALE RD. BUILDING AND LAND LOCATION LOCATION!!!Perfect for detail shop This property is on Busy Yale Rd with excellent exposure. (Across for South Gate Shopping Centre) Very clean Building!! Building approx. 30,000 sq.ft. with one Bay door, Excellent Retail Space for your business or pur-chase existing Business. Goal Line Hockey Can be purchased separately it is a state of-the-art Hockey training facility with Rink and Skatemill. A must see. Priced to Sell!!
$1,799,900 44703 Yale Road/44698 Chalmer Place 1.66 acres in 2 titles, zoned M2 (Service Industrial) in absolutely prime location. Highway 1 exposure, access of Yale Rd. or Chalmer Place (cul-de-sac). Set in the heart of the Industrial area with easy access to the City and national transportation routes. Zoning allows for wide variety of uses including warehousing, light manufacturing, food processing, sales, and more. Offered at a highly competitive price of approx. $25 per sq.ft. THIS IS A GREAT DEAL!
$2,125,000 JUST COLLECT THE RENT! Building approx, 5 years old, 12,566 sq.ft. Build-ing. Lot is 31279 Sq Ft. Busy area of Chilliwack. Well maintained. Great Exposure! PRICED TO SELL AT! DON'T MISS OUT! HARD TO FIND PROPERTY.
$699,900 CONVENIENCE STORE/FITNESS CENTRE/BUSINESS BUILDING & LANDSite 12,196.8 sq.ft. Building 3,881 sq.ft. zoned C-2 (Commercial). Retail space, living quarters, and additional space on a nice corner lot. This is an established business with a large clientele base. This property has so many upgrades it’s a must see! VENDOR MOTIVATED BRING OFFERS
GauthierTeam.comLindsey Gauthier Personal Real Estate Corp.
NEED NOW !!!$5 - $15 millionShopping Centres
sutton groupshowplace realty ltd.
$1,799,000 45787 Yale RoadExclusive Listing perfect for your building supply, glass company, or retail business. Building is over 12,000 sq.ft. and has new siding, new windows, and a new elevator. Downstairs is 6,147 sq.ft. and has a large showroom, offi ces, and upstairs has 4 leased tenants in offi ces. Parking on a fenced .935 acre lot. This property was appraised at 2.2 million. Vendor is a motivated Seller.
7 prime 10+ acre residential or equestrian estate lots on the banks of the Squamish River and Judd Slough in breathtaking Brackendale, BC. This gated community is directly across from a natural eagle reserve and directly south of the confluence of the Squamish and Cheakamus rivers. World class fishing and limitless recreation at your doorstep. 45 min. to Van., 35 min to Whistler, 7 min. to amenities. Call for more information and detailed plans. Subdivision application pending.
Darren McCartney 604-892-4875 [email protected]
RE/MAX Sea to SkyReal EstateSquamish
Retail/Office Strata 872 sf with retail finishing $199K
I-1 Revenue Property 0.55 Acre, tenants $1.19 Mil
Pub & Real Estate - 4000 sf on over 1/2 Acre 163 seat & BW allowed, redev. potential $699k
Prime Retail For Lease 1,200 – 15,000 sf B Park by National Retailers and Hwy 99! Spring 2011
Mixed Use Building Downtown $67K Potential net income $869K
SQUAMISH
RIVERFRONT ESTATE LOTSSQUAMISH, BC (BRACKENDALE)
OCEANFRONT CONDO RECEIVERSHIP
SQUAMISH, BC
PRICES DISCOUNTED OVER 30%2 Bed + Den Condos from: $239,000
Ocean view 2 Bed Condos from: $319,000
3 Bed Carriage Homes from $335,000
1.5 blks to the waterfront. 45 min to Vancouver, 35 min to Whistler. New master planned ocean front in expanding downtown core. Steel & concrete construction with mountain and ocean views.
www.coastalvi l lageliving.com
Sea to Sky Real Estate Squamish
For more information contact Darren McCartney:
604.892.4875
5% CAP RATE
Retail/CommercialChilliwack, B.C.
604-728-7765Armida
Concrete building for sale.Includes adjoining parking lot behind building.
GAI $181,200
NAI $115,179
Asking $1,700,000
City Centre
Terry A Young 604-970-38081-800-665-1455
[email protected] RE/MAX Crest Realty
Huge Price Reduction!52 ACRE MOUNTAIN ESTATE
1.5 HRS TO BANFF ACROSS FROM PANORAMA SKI RESORT.
Two 2,000 SF luxury LogChalets. Invest, hold or develop further.Reduced by $1 million to $2,495,000
Details on website. www.TerryYoungHomes.com
HEALTH FOOD STORES Thriving, profi table businesses in Vancouver
and West Vancouver, providing all health products. Grossing $700K and $400K. Secure
Investments - Growth potential. Call for more INFO.
Office & Retail SpaceIncome Producing Investments or Rent To Own Opportunites.Units from 700 sf - 2,200 sf
Business Park Warehouse & Office 1,720 sf $2,400/month
Downtown: Victoria & 2nd Ave 600 sf Office $1,100/month
Sears Canada Squamish StoreBusiness For Sale: $79,000
SQUAMISH, BC
Sean Brawley604-849-0500
A20 Vancouver Island www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR
www.judygray.com
JUDY GRAY, CCIM
1.800.600.1718 Suite 103–1801 Bay Street, PO Box 195, Ucluelet. BC.
Canada V0R 3A0MID-ISLAND REALTY
RAINFORESTBEACHLODGE.com $2,150,000
Oceanfront Lodge & CabinsDining room/full kitchen
SURFJUNCTION.com $1,800,00018.32 acre campground site
Professionally run facility
MLS® 305986 1865 PENINSULA RD. $299,000
3000 sq.ft. tourist commercial buildingWith owners living quarters
1600 sq. ft. main / 1680 upper suite. Retail, marine railway & docks. Stage II Enviro completed.
Ucluelet Inlet, w/foreshore lease. Fully renovated & furnished suite. Large home on upland prop. also available.
$990,000
$499,900
PIONEER BOAT WORKS
FORMER FISH/ICE PLANT
OBTAIN A PRIME BUSINESSTurn key, superb location in
beautiful Comox “By the Sea”Vancouver Island, BC
92 seat, (the only) family/ casual dining restaurant
in Comox, extensive clientele, fully equipped/decorated.
Share sale for business or business plus 5,478 sq ft building.
Key commercial core of downtown, main street, lower level is tenanted.Serious inquiries only.
Buyer must be qualified.
CALL
COMOX VALLEY
Neil Woodrow250-338-3349EMAIL [email protected]
www.woodrowgroup.com
RESTAURANT
EXCELLENT INCOMEand PROFIT NUMBERS
$395,000 - Business/Franchise fee$1,070,000 - Business/Building
18 Acre Waterfront – Subdividable$1.399 M
Waterfront Homes$750,000 & up
Ocean View Homes$489,000 & up
23 Acre Lakefront Home & Farm$2.3 M
7.75 Acre Farm, Home, Cottage and Barn$569,000
Garry Park Lots, 3 Acres$189,000 & up
7 Acre Walk On Waterfront$899,000
Channel Ridge, Serviced Ocean View Lots$289,000 & up
Island Homes & LotsStarting at $298,000
Sunset Drive Waterfront Executive Home$2.375 M
Saltspring Island
SALT SPRING REALTY
MYLES WILSON NORMAN ROTHWELL myleswilson.com normanrothwell.com250-537-7200 250-537-5166
604-669-85001-800-661-6988
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WOW! What a location! What a lifestyle!
We’re freshening up and brightening up the COMOX CENTRE MALL.Kind of a Rip Van Winkle wake up thing.
Bulls eye Downtown. Lots of easy parking, close for everyone, great views
Bring your fresh ideas and build your business Local captive area +/- 16000 pop with steady $
NEEDS SHOPS and SERVICES
Comox Centre Mall DOWNTOWNWe’ll make it easy and help build your store
BE READY TO OPEN Early 2012
CHECK US OUT www.strongbridge.ca
Go to projects/comm/comox
HEY! Vancouver Island Retailers
Call BRENT J @ 604.230.6290Strongbridge Real Estate Corp
Fabulous Corner Ocean/Mountain View
Restaurant 2500 – 3500sfProfessional & personal services
750 – 2000sfWE NEED
Hardware and Niche Shops (like Sidney BC)
Courtenay
Comox
VANCOUVER ISLAND Comox Valley
www.robsamsom.caRE/MAX Ocean Pacific Realty
Rob Samsom AACI CCIM FRIPERSONAL REAL ESTATE CORPORATION
1-888-829-7205
SPACES FOR LEASE
2nd floor vacant 2,200 sq ft ... 3rd floor leased 2,200 sq ft ......
Over 20' ceilings - 2 full storeys allowed. ..............
Retail/Office/Warehouse (Strata)
On .23 ac, Cumberland ...........
.....................................................
Zoned for 14 Units ...................
On .28 ac, Comox ...................
On ½ ac, Courtenay .................
. On 5 ac + home & shop. Was $1,900,000
SOLD
C H E M A I N U S
Saltair Mini Warehouse10862 Chemainus Rd
C2 Zoning
Est. Storage Business
3.63 Acres
Additional Land for Future Development
Reduced $1,329,000
Utopia Bakery Cafe9780A Willow St
European Bakery
Great Location
High Traffi c
Outdoor deck area
Ample Parking
$239,700
VANCOUVER ISLAND
Toll-Free: [email protected]/MAX Ocean Pointe
Guy Bezeau or Gayle Jordan 250-245-3700
EVER POPULAR TINTOWN!!!
This package includes a lovely upper level 2 bed-room 2 bath luxury loft style condo with large sun deck. This is the ideal location for your thriving business that needs to make the jump to a fully fl edged high profi le location, which will be located in the 1420 sq. ft. of fi nished space on the main fl oor. $429,900
2456 Rosewall Cres.Courtenay
RE/MAX Ocean Pacific Realty
Glenn ProcterPERSONAL REAL ESTATE CORPORATION
250-703-3687www.gprocter.com
Subs
cribe
www.westerninvestor.com
CALL NOW 1-800-661-6988
WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com Vancouver Island A21
www.bcoceanfront.comED HANDJAED HANDJA
investment opportunity: commercial lot & separately titled commercial building currently being operated as a clothing store in downtown . An ideal space for a number of business applications. Commercial zoning allows retail, business or professional offi ce space, restaurant or personal service business. Recent interior & electrical upgrades. $140,000
ULTIMATE opportunity to develop a world class marine resort in on the West Coast of Vancouver Island. water lot lease, commercial resort development licenses, business plan, required surveys & site plans, engineered drawings & plans for construction of the proposed facilities & registered company names trademarks & logos: $595,000
zoned , located on
& minutes from the amenities of town. An attractive, easy access property with substantial highway frontage & a diversity of possible applications including storage facilities, offi ces, retail services, wholesalers, works yards or combined commercial & retail developments. $295,000
PERSONAL REAL ESTATE CORP.
One of the most popular marinas in the & one of the most protected harbours on the south coast. Long established with consistent clientele, amazing potential for growth, a general store, 50-seat Harbour Grill restaurant,
& upland areas & 2 foreshore leases totaling . The only private marina on the island! $1,760,000
NANAIMO & VANCOUVER ISLAND PROPERTIES
D E V E L O P M E N T S I T E S & L A N D
MIDRISE DEVELOPMENT SITE Located in the Downtown core. Nanaimo: Commercial
or condo site $269,000
NANAIMO DUPLEX 3 bedrooms per side, 2 separate titles. Excellent income. $424,900
NEW EXCECUTIVE CONDO ON THE WATER with swim-ming pool & boat deck. Boat moorage included. Seller will finance with 10% down & look at trades $425,000
15 UNIT 2 STOREY STRIP CENTRE CENTRAL NANAIMO High profile location. $899,900
JUST LISTED 21 UNIT TOWNHOMES REVENUE PROPERTY ON THE GOLF COURSE. 2 & 3 bedroom units, private patios. Monthly income: over $20,000, assumable mortgage. Ideal property to hold or stratify. Asking $2,875,000
6 ACRE DEVELOPMENT SITE Zoned RM5, 4 Phases approved for townhome & condos. Central Nanaimo.
Asking $2,395,000 FINANCING AVAILABLE
142 ACRE DEV. SITE Nanaimo $5.8 M
WATERFRONT TOWNHOME1740 SF 3 bedrooms, roof top patio. $599,000
DEPT BAY BEACH FRONT HOMEThis smaller 2 bedroom home awaits your ideas. Great year round or vacation home, swimming & beach combing right out off your front veranda. $649,900
5 RENTAL HOMES – All together 5 sep. adj. lots. Starting at $234,900 or all for $1,150,000. Seller will finance.
OCEANVIEW 3-PLEX South Vancouver Island. Excellent Income. 3 separate titles. $369,000
5 PLEX NANAIMO 5 meters, over $4,500 monthly revenue. Covered park-ing. Storage lockers. Separate meters.Asking $749,500
HERITAGE APARTMENT BLOCK13 self contained units. 1 commercial space plus lease pub & license. Gross revenue $10,000/month. $925,000
FORECLOSURE COURT ORDERED SALES3 ACRE TOWNHOME DEV SITE
Stunning ocean view up to 30 units. $995,000
DISTRESS SALE 4000 sq ft home on 1/2 acre property.
Desirable Hammond Bay area, needs lots of work, ideal dublex conversion.
Assessment $385,000 Asking $272,000
H O T E L S & P U B SNORTH ISLAND HOTEL & PUB,
WINE & BEER STORE 30 renovated rooms generating $8,000 monthly.
Seller will finance. $1,595,000
JUST LISTED; FANTASTIC OCEAN VIEW RM-5 Dev site, unrestricted views, overlooks cruise ship pier. Approved for 34 condos, No DCC’s. $729,000
FULL FACILITY SUPER 8 MOTEL Central/southern Vancouver Island. High profile Location. 36 rooms, with franchised restaurant plus 125 seat pub 1.5 acre property.
38 Front Street Units for sale. Walk-on waterfront townhome $509,000 no HST. Call Dale for other available units.
PACIFICA OCEAN FRONT CONDOS
1 BEDROOM PLUS DEN $234,900
71 UNIT APARTMENT BLOCK 4 separate buildings. New Renos. Over $500,000 spent. North Island location. Over $27,000 monthly income. Management in Place. $2,890,000
DALE SHORTT Bus: (250) 758-3700 TOLL FREE 1-800-665-8313 OceanPointe
C O N D O S & H O M E S
INCOME PRODUCING + REVENUE PROPERTIES
2 ACRE COUNTRY LOT ZONED FOR 2 HOUSES Allows for Bed & Breakfast, dog kennels, country market.
$389,000
DUPLEX LOT $129,000 4 PLEX LOT $199,000
23 ACRES $459,000 50 ACRES, $995,00043 ACRES $859,000 Adjoining properties, 1 mile from
city limits, Zoned for 5 acre lots
COUNTRY ESTATES DEVELOPMENT SITE
$3,950,000
604-669-85001-800-661-6988
Join thousands of real estate investors and professionals who read the Western Investor’s market overviews, news, and features to help them guide their investment dollars into profitable properties and businesses. Plus, you’ll find
all kinds of opportunities for sale – all in one place – from across Western Canada.
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Advertising deadlines are mid-month for the next month’s issue.
A22 Vancouver Island www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR
NANAIMO | VANCOUVER ISLANDDEVELOPMENT AND INVESTMENT OPPORTUNITIES
Darwin MahlumRobert Borden250.760.1066
Vancouver Island's Leader. DEVELOPMENT, LAND, RES/COMM PROJECTS, & MARKETINGToll Free: 1-800-817-7717
DEVELOPMENT OPPORTUNITY WITH OCEAN AND CITY VIEWS Upscale development in the Univer-sity area for 10 residential lots and 26 luxury townhomes. This development project has all the necessary plans, reports and approvals in place. Devel-opment Permit for construction can commence within a short period of time. CALL DARWIN
NEW!! BARSBY ON THE MILLSTONEA great development opportunity for a well designed 58 unit Condominium Project on 1.14 acres of land on the Millstone River. Located within the no DCC zone of the City of Nanaimo, this project offers an immediate connection to the E&N trail as well as the miles of seawall on the Harbour only 3 blocks away. Development Permit ready. ASK-ING 1.55 M, CALL DARWIN
MULTI – USE DEVELOPMENT SITE One of the remaining development sites within the main service corridor of the Chase River neighbourhood – South Nanaimo. With approx. 4.3 acres of usable lands and excellent access di-rectly off Hwy 19A via traffic light. This site has excellent potential for a wide use of mixed Commercial-Residential developments. 2.8M, CALL DARWIN
EXCELLENT REDEVELOPMENT PROPERTY W/ EXISITNG MOTELEnjoy the existing holding income from the current motel complex while planning a new 6 storey commercial/residential mixed use complex. Great location near Hospital Node where de-mand exceeds supply for strata medical offices. Excellent exposure to Highway 19A and great access from rear of prop-erty with easy design for underground parking. 1.5M CALL DARWIN
BUSINESS OPPORTUNITY AT THE BEACH CLUB – PARKSVILLE B.C. “Perfectly Positioned Spa” in the New-est 4 Star Hotel Resort in Parksville B.C. A turnkey operation, elegantly designed treatment room, the latest equipment and spa line products, topped off with an unbelievable LEASE. Call BILL SOREG for Details.
EXCELLENT RENTAL APART-MENT INVESTMENTOffered @ 8.5% Cap! 47 units, substan-tially renovated in 2009-2010, elevator, 4 stories, centrally located. Excellent management on site, good tenancy pro-file, few vacancies, one of the best rental Apartment Buildings in this City. Asking Price @ $1.9 M. Information brochure. CALL ROB
AQUACULTURE SEA FARM FOR PURCHASEA turnkey facility waiting to be re-started into production. Excellent loca-tion in Barkley Sound, the Pacific Rim of the West Coast of Vancouver Island. This specific sea farm is noted as hav-ing one of the best locations for sea farming activity and has the potential of expanding within its existing license. Consulting can be arranged for new owners and staff to be trained over a 2 year period. All permits and licenses are in order. Watch for the increasing growth now starting to happen in the Aquaculture business on the BC Coast. WELL PRICED @ $850,000 Call ROB
INDUSTRIAL BUILDING IN METRO VANCOUVER – REDUCED!! Located in close proximity to down-town Vancouver and Commercial Drive. Older industrial building on 5,808 sq. ft. of land. Building fully occupies site. Grade level loading door, separate entrance door. Two offices, one half bathroom, great for a storage facil-ity. Priced @ $727,000. CALL ROB
Information brochure available.
Business Is Better On Vancouver Island
Tel: 1 800 769 5757 www.dtznanaimo.com
For Sale2.05 Acre Prime Development Site - North Nanaimo $2,900,000On Old Island Highway adjacent to Long Lake.2.98 Acre Re-Development Site - Central Nanaimo $2,695,000On Bowen Road with COR-3 (Community Corridor) Zoning.7.42 Acre Oceanfront Property - Port Renfrew $2,500,000Picturesque, untouched parcel at San Juan Point.3.79 Acre Light Industrial Land - South Nanaimo $1,395,000Suitable for single or multiple users/uses and subdividable.New Office and Commercial Building - Central Nanaimo $1,359,0001 space left in new building on Terminal Avenue, approx 4,610 sq ft.Fully Tenanted Investment Property - Ladysmith $ 945,000Commercial Development Property - Nanaimo $ 795,0001.2 acres with CC-1 Zoning beside Nanaimo Parkway.
Lakefront Pub & Land - Lake Cowichan $ 674,000Approximately $300,000 spent on improvements since February 2009.
Commercial Property - Alberni Highway $ 590,0001.11 acres with exceptional highway frontage. Residential Development Property - Nanaimo $ 549,0004.88 acres near the Nanaimo Parkway.3.46 Acre Light Industrial Property - South Nanaimo $ 549,000Court Ordered Sale - Waterfront Restaurant, Land, Building $ 470,000In Maple Bay. Includes self-contained 1,604 sq ft suite. Commercial Property Zoned COR-3 - Nanaimo $ 325,0002 lots on Kerrisdale Road totaling 19,600 sq ft. Character Office Building - Nanaimo $ 289,000950 sq ft, high traffic area.Hangar Building and Office - Campbell River Regional Airport $ 289,000Commercial Property Zoned COR-3 - Nanaimo $ 260,0009,800 sq ft lot with 1,037 sq ft office off Bowen Road.
Gerry Van Vaals Personal Real Estate Corporation DTZ Barnicke Nanaimo Ltd. [email protected]
Business OpportunitiesSEWING MACHINE & FABRIC RETAILER—Nanaimo $ 180,000FRANCHISED FAMILY RESTAURANT—Ladysmith $ 189,000ESTABLISHED PLUMBING & HEATING BUSINESS—Nanaimo $ 225,000ESTABLISHED RESTAURANT—Tofino $ 249,000 JUMPING JIMINY’S PLAYLAND & CAFÉ—Nanaimo $ 419,900Well known children’s entertainment businessRESTAURANT ON ISLAND HIGHWAY—Parksville $ 425,000ESTABLISHED PLUMBING & HEATING BUSINESS—Nanaimo $ 550,000On 7,560 sq ft lot with 1,300 sq ft buildingA&W RESTAURANT & FAMILY ADVENTURE CENTRE $ 595,000Franchise restaurant in Central Nanaimo as a package with awell known family entertainment destinationRETAIL BUSINESS & DEMOLITION CONTRACTOR —Central Vancouver Island $ 775,000New and used building materials SHEET METAL FABRICATION BUSINESS—Nanaimo $1,095,000Land, Buildings and up to $75,000 in inventory
LIQUOR STORE IN LEASED PREMISES—Central Vancouver Island $1,500,000PUB & LIQUOR STORE—Coombs $1,900,000FRANCHISED MOVING & STORAGE CO.—Central Vancouver Island $2,550,000CEDAR SHAKE/SHINGLE MANUFACTURER - www.bcfshake.com $3,900,000Land, Buildings, Foreshore Leases and Equipment, Inventory extra
Featured ListingsGreen Rock Industrial Park24 Light Industrial Lots in prime Nanaimo Location 9,710 to 59,376 sq ftExcellent highway access and “Green” construction. $199,000 to $834,000Seaview Centre - Parksville7 strata titled office units ranging from 490 to 1,532 sq ft. $ 99,000 to $299,000Package of 4 available at a reduced price.
Unique Commercial Offering - Downtown Nanaimo $ 1,375,0005,500 sq ft warehouse/shop, 1,400 sq ft house and parking lot.Saratoga Beach Golf Course - Black Creek $ 1,595,000 37.47 acre redevelopment property with executive style golf course. Seniors Care Facility - Ladysmith $ 1,700,0005 acres of oceanfront with plans in place for 24 additional units.
Heavy Industrial PropertyLocated at Duke Point in Nanaimo this 5 acre site is paved andfenced and includes an approximately 18,000 sq ft building.Offered for sale at $2,000,000Investment Property - Brentwood Bay7,417 sq ft fully leased commercial strata unit in professionally managed development. Offered for sale at $2,395,000Investment PropertyLocated in Coombs, this 18.81 acre site on the Alberni Hwy includes a mobile home park and commercial lease revenue. Well priced at an 8% cap rate. Offered for sale at $2,775,000
SOLD
• Choice of two well-established Curves Franchises in Victoria, BC
• Profitable, turn-key operations suitable for one owner/operator
• Curves is the largest women’s only fitness program in North America
• Shining Star Clubs, in high traffic areas with large territory
Discover the basics at www.curves.com Priced at $100,000/$90,000
(Seller finance will be considered) Call or write soon for more information
Rob MillarEmail: [email protected]: 250.361.3003 Toll Free: 1.877.361.3003SUNBELT BUSINESS BROKERS (VICTORIA) INC.
monarkinvestments.caPlease visit our website or call for more details.
604-592-7250Financing Available. Potential Trades.
LANGFORD
COMOX
CONDO SITE APPROVED FORUP TO 188 UNITS
EXCELLENT LOCATION
LOCATED NEXT TOCOSTCO, FOUR POINTS
SHERATON, HOME OUTFITTERS AND OTHER HIGH PROFILE
RETAILERS
2.34 ACRES OF INCREDIBLE POTENTIAL $4,399,000
TWO PRIME LOCATIONS WITH HUGE POTENTIAL AS
CAREHOME OR CONDO SITES
EXCELLENT SITE FOR CAREHOME OR CONDO DEVELOPMENT
$3,000,000
CENTRALLY LOCATED AND ADJACENT TO MAJOR BRANDS SUCH AS:
SHOPPERS DRUG MART, SUBWAY, A&W
Full Property Management Services
(Residential and Commercial)
including Facility Management
Services in Victoria and
Prince Rupert, B.C.
Contact Dale Schuss
www.randallnorth.ca
COMOX VALLEY, VANCOUVER ISLAND ICI:
www.coastrealty.com
LEASE SPACE INDUSTRIAL-1680 s.f. $11/s.f. base, + $2.77NNN (est)-industrial zoned…includes free 600s.f. mezz-fenced compound out back, 14’ loading doorINDUSTRIAL OFFICE SPACE-543 s.f. @ $12/s.f. + NNN $4.43 (est)-ideal for contractor’s offi ce-brand new, appliance hook-upsCOMMERCIAL/RETAIL STREETFRONT SPACE-formerly Subway tenant-high traffi c on busiest street in Comox-approx 1120 s.f.-$22/s.f. base; $12/s.f. NNN (est)4 INDUSTRIAL STRATA UNITS FOR SALE-being sold as single package-currently leased at $4000 base rent/mo + NNN-cap rate 6.2%, Asking: $775,000
(for package of 4)MULTI-FAMILY BUILDING, VICTORIA-Sought after Cook Street Village area-8 unit building, 5.1% cap rate-plans avail. for 13 unit strata at 3rd readingAsking: $1,590,000
ROB PHILLIPSTF: 1-800-715-3999 Cell: 250-897-8508
[email protected] www.robphillips.ca
SUE MCKITRICK Cell : 250-650-8823
WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com A23
one Deals is our monthly feature highlighting some of the major real estate transactions completed
recently in Western Canada’s vibrant com-mercial real estate market.
From: Frontline Real Estate Services ,Surrey. Frontline agents Justin Mitchell and Josh Turner sold the following:Deal: 1.98 acres, zoned SR residential on 86th Avenue, Langley. Price: $1.6 million.
From: NAI Commercial, New Westminster. NAI broker Jon Meder sold the following: Deal: 20,000-square-foot office and retail building on 5,400-square-foot lot on Columbia Street, New Westminster. Sold to JJS Development Ltd. for vendor 0704495 BC Ltd. Price: $2.35 million.
From: NAI Commercial, Vancouver. NAI brokers Terry Harding and Jackson Tangsold the following:Deal: 11-unit rental apartment building, Point Grey, Vancouver. Sold to HWP Acquisitions Ltd. Price: $3.45 million.
From: NAI Commercial, Langley. NAI bro-
ker Chris Laughaug sold the following (all on West 4th Avenue, Vancouver) to Redekop (4th Ave) Homes Ltd. for three separate ven-dors:Deals: Nine-unit rental apartment building. Price: $3 million. Eight-unit rental apartment building. Price: $2.48 million. Mixed-use building (two commercial units, four residen-tial apartment rentals). Price: $2.48 million.
From: Shindico Realty Inc. , Winnipeg, reports the following sale:Deal: 9.75 acres of land, zoned commercial, Inkster Boulevard at Brookside Boulevard, Winnipeg. Price: $2.29 million.
From: Avison Young Commercial Real Estate, Vancouver. Avison Young agents Rob Greer and Matt Thomas sold the fol-lowing:Deal: Law Block, seven-unit rental apartment building, East 3rd Street, Vancouver. Price: $1.63 million.
From: Avison Young Commercial Real Estate, Vancouver. Avison Young agents Rob Greer and Mark Hannah sold the following:Deal: 45,321-square-foot office and retail
building (Chintz & Co. building), Homer Street, Vancouver. Price: $18.5 million.
From: HQ Realty Ltd., Vancouver. HQ bro-kers David and Mark Goodman sold the following:Deal: 40-unit rental apartment building, Rockland Avenue, Victoria. Price: $5.15 million.
Recently completed a major commercial real estate deal? Send details for a free report here to: [email protected].
Our readers report on recent commercial real estate deals across Western Canada
Forty-unit Victoria apartment building sold for $5.15 million.
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Seven-unit East Vancouver apartment rent-al building sold for $1.63 million.
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45,321-square-foot office/retail building, Yaletown, sold for $18.5 million.
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of Nanaimo
VANCOUVER ISLAND COMMERCIAL
FRANK JOHNSON JAY COUSINS JAY COUSINS JAY COUSINS
www.nanaimoremaxcommercial.com
1-877-335-4380Jay Cousins
[email protected] Johnson
1-877-423-0984Jay Cousins Realty
INVESTMENT OPPORTUNITIES3 Storey Office
building 4,865 Sq. Ft. Main floor tenanted with upper 2 floors ready for new renovations. 9 Parking stalls included.
Old City Nanaimo 100 Yr Old well maintained character building, new decks, new appliances, bonus lot at rear shows potential for additional 4 plex development
Fully fenced, 2 entrances, over 300’ of frontage in Duke Point, Nanaimo. Includes 10’ X 30’ office mobile. Seller will entertain lease @ $2,800 per month plus taxes.
Currently used as offices & union hall, approx. 6,990 sq. ft. over 3 floors. P1 zoning allows public assembly, but could be commercially rezoned.
Great revenue opportunity potential to generate $164,000 annu-ally. Island Highway exposure, easy access, 6 buildings in total, all on 2.88 acres. Rental rates with vacancies filled will show nearly 8% CAP rate.
– Parksville area. 6.2 Acres partially developed with new ware-houses, new 4 unit multi-res work/live space, new office building plus existing build to suit tenant in place on 1 acre portion w/paved & security fenced area. Further 2.5 acres left to continue development plan. Potential income under current configuration in excess of $164,000 annually. REDUCED
INVESTMENT OPPORTUNITIES
– 1,040 Sq. Ft. Available for Sale or for Lease, A/C, Wheelchair access, zoning allows for retail, office, restaurant etc. Strata fee is $234.51 per month………$198,000
Approx. 1,300 Sq. Ft. Light Industrial, 2 overhead doors, 2 man doors, office, 18’ ceilings, Strata Fee is $56.50 per month.
Approx. 1,400 Sq. Ft., 2 offices plus mezzanine, 1 overhead door, 2 man doors, 18’ Ceiling height, Strata Fee $62.00/mo.
Service Commercial zoning. Main level warehouse with 6 offices, staff kitchen & washroom upstairs. Full A/C on 2nd level as well. Owner is willing to lease back.
High visibility Mid-Island location, concrete engineered docks, steel pilings, security gate with ramps, direct metered 50 amp hydro capacity. Quality look and feel, no va-cancies, excellent cash flow
Approx. 79 Acres, corner location. Mining permit in place for pit run, crushing, screening & washing gravel. Owner has been careful to maintain character of the land. Currently zoned rural residential, but highest & best use would indicate de-velopment rezone.
BUSINESSES Eclectic Retail Store – Qualicum Beach y Ricky’s All Day Grill – Courtenay
FOR SALE
Approximately 0.8 acres overlooking the Millstone River with easy access to downtown Nanaimo. Great central location for a multifamily development, located within walking distance to Downtown Nanaimo, the New Convention Centre, and seaplane service to Vancouver.
INVESTMENT OPPORTUNITIES
-
Property
has theatre building with 2 levels plus fully equipped kitchen & hall downstairs. Zoned C1 General Commercial provides uses for churches, fitness studio, schools, office use, retail & wholesale use
– Parksville At-tractive location, quality tenants on yearly leases, ocean view from upper suites, C-3 zoning can potentially allow higher commercial or mixed uses in future.
– MID-ISLAND – In-cludes fuel sales & automotive repairs on European Import Vehicles including Mercedes & BMW. High visibility location, fresh reno’s to the building, ocean views.
Industrial zoned land with newer 14,580 sq ft. ware-
house, 4,410 sq ft. shed for storage and office building. Two level topography, fenced, easy access to highway. Was lumber facility.
Existing Alzheimers/dementia care facility w/90 beds plus separate residential home available for conversion to congregate care or rezone to multi-residential etc. 44,255 Sq. Ft. building on 1.87 acres near Nanaimo hospital. Society owner will remain with one year lease at current market rents during planning/feasibility phase of redevelopment.
- approved for 16 units. No DCC’s, close to downtown Nanaimo with some ocean views. Development permit in place, vendor financing available or joint venture possibilities.
- A 5.68 acre development site with an excellent ocean view and a short walk to the waterfront. The site is gently sloping towards the ocean with a variety of benches for easy development. Vendor financing may be available with a reasonable down payment.
– Almost 2 acres of land fronting on the Millstone River, and next to the Pryde Vista golf course. Located next to a new high quality subdivision on a no thru street. Zoning allows for a single family unit with a suite. New on the market with full city services at
Central Nanaimo. Beautifully constructed half duplexes and freestanding single family homes. 3 bed, 3 ½ bath, ranging from 1760 sq. ft. to 1890 sq.ft. Included: tile and hardwood flooring, custom alder cabi-netry, granite countertops, 6 appliances. All bedrooms have a private ensuite with shower and/or tub.
A24 www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR
RE/MAX TREELAND REALTY#101 6337 - 198 Street, Langley, B.C. V2Y 2E3Tel: (604) 533-3491Fax: (604) 533-0202
Toll Free at 1-888-707-3577
RE/MAX BOB PLOWRIGHT REALTY7300 Vedder Road, Suite 1, Chilliwack, B.C. V2R 4G6
Tel: (604) 858-7179Fax: (604) 858-7197
Toll Free at 1-800-830-7175
RE/MAX SABREREALTY GROUP
102-2748 Lougheed Hwy., Port Coquitlam, B.C.Tel: (604) 942-0606 Fax: (604) 942-9533
RE/MAX LITTLE OAK REALTY2630 Bourquin Crescent West,
Suite 9, Abbotsford, B.C. V2S 5N7Tel: (604) 859-2341Fax: (604) 850-2325
Toll Free at 1-800-668-8661COMMERCIAL
FOR SALE OR LEASE IN CHILLIWACK
Bob Plowright RE/MAX Bob Plowright Realty CHILLIWACK, BC 1-800-830-7175 - 604-858-7179 [email protected]
www.bobplowright.com
1 to 20 Acre Development
Lots
FOR LEASE IN CHILLIWACK
Near Courthouse Space available 1091 to 1665 sq ft On site parking and good access
Lease from $10-$12/sq ft
One block to Hospital 800 to 1,524 sq. ft.
Chilliwack’s Best Prof. Building
Lease $12-$13
sq ft
Office and/or retail space 4,450 sq. ft. air conditioned 9 private offices, reception etc.
Lease $9/sq ft
.29 Acre lot zoned CSI Commercial on bottom floor Residential on top floor Fully leased ± 4,040 s.f. building
INVESTMENT PROPERTY
SALE $598,800
14.35 Acres of Farm land Includes 6 Bdrm Home +
70 x 80 Barn Paradise, close to everything
FORMER DAIRY OPERATION - 2 TITLES
SALE $895,000
Comprised of 2 separate titles Fully Leased - current income
$4500/month gross Land size 48,326 sq. ft.
SALE $1,144,000
DEVELOPMENT SITE
Level land in high traffic area Easy access with turning lane .31 acres Value in land, house is livable
LIVE/WORK OPPORTUNITY
SALE $339,900
FORECLOSURE PROPERTY
Architecturally Controlled Fully Serviced Lots Will Build to Suit Independent or Strata Warehouse
for sale or Lease from 2,000 to 500,000 sq. ft.
Location: Lickman Rd. Interchange and Hwy 1 Chilliwack -20 min to US Border Usage: Warehousing, food processing, manufacturing, general commercial and light & heavy industrial uses. Outside storage
PROGRESS WAY INDUSTRIAL PARK BUY OR LEASE BUILD TO SUIT
Includes: 2 kitchens, 2 wash-rooms, 2 reception areas, 15 offices, hangar with 2 x 2.5 ton hoists etc. Lease separately.
COMMERCIAL/OFFICE SPACE
SALE $850,000 or LEASE FROM $6/s. f.
FOR SALE IN CHILLIWACK
Good street exposure Plenty of City Parking Renovated in 2007 11,293 sq. ft. lot
SALE $875,000
BUSINESS FOR SALE
BRAND NEW RETAIL SPACE High Visibility, located on busy
main road From 746 sq. ft. to 4,654 sq. ft. Great opportunity for business
owners to get into brand new building
Lease From $8/sq ft
7.5 Acres of farm land Outstanding views Room for horses or?? Approx. 15 min to HWY #1
SALE $469,000
INDUSTRIAL/OFFICE SPACE Designed for a wide range of
uses: warehouse, retail, office + From 1,035 to 7,666 sq. ft. will
configure to meet your needs Ample parking, high visibility 5 min drive off HWY 1
Lease From $8/sq ft
Mixed use 3,250 sq. ft. building 4 Bays with in floor radiant and
separate gas and electric meters
LIVE/WORK OPPORTUNITY
SALE $689,900
Liquor Store & Pub, on main road to Harrison Hot Springs Price includes: business, land,
equipment and buildings
BUSINESS & PROPERTY
SALE $650,000
Sandwich Tree Franchise Easily run by couple or family This business makes money In busy Cottonwood Mall
SALE $79,900
SUMMERLAND 57 ACRES4,800 sq. ft. superior craftsmanship home.$1,600,000
OFFICE FOR SALE Langley, BC
KEITH SETTER 604-533-3491
#104-6351 197th Street. A rare opportunity to own a 1446 sq.ft. office in a Prime Langley location, the ‘Willowbrook Professional Centerî. The office has two entrances and parking at both front and rear of building. Office should lease out between $17-$20 / sq ft. Immediate Possession.
RE/MAX TREELAND
DEVELOPMENT SITESPORT COQUITLAMNorth Side Condo Site with holding income! For 26+ units – OCP designated RA-1 16059 sq. ft. site with 2 fully rented fourplexes $1,600,000 CLS# V4027326 Call or email David for Pro-Forma
COQUITLAM2 lots – C1 & RS1 for new development 19000 sq. ft. lots busy location – Como Lake & Poirier $1,350,000 CLS# V4025947 - Call or email David!
PORT COQUITLAMPrime Lougheed Highway Frontage!HC zoned 20700 sq. ft. level lot with 2 rental buildings. Property offering includes automotive business$2,299,000 – CLS# V4027170 – Call or email David!
INDUSTRIAL WAREHOUSES/OFFICESCOQUITLAM #100 42 Fawcett Rd.M-1 Industrial unit 5080 sq. ft. 1580 warehouse with 2 grade doors, 3500 sq. ft. finished office/showroom$775,000 CLS#V4027558 Call or email David!
Auto Salvage LANGLEY BC
40’ x 90’ Parts Counter,
Lunchroom, Disassembly Bay
STORAGE for 500+ Vehicles
at backMAIN BUILDING
QUONSET HUT 56’ x 80’ w/ 36’ x 60’ MEZZANINE
for parts storage
Residence also on the Property
GARTH OLSON Re/Max Treeland Realty 604-533-3491 [email protected] www.garth-olson.com
DAVID KEARNEY [email protected] Free: 1-888-942-0606RE/MAX S ABRE REALTY
For more information contact:
SHARE SALE INCLUDES LAND, BUILDING, INVENTORY, CLIENT BASE AND BUSINESS$6,500,000
~Currently Auto Salvage~3.2 Acres~M-7 (industrial) Zoning~Phase 1&2 environmental
Studies Available
DEFINITION OF LUCKY.
Those that bought when the market is down, and the media is negative. Savvy investors are taking advantage of low prices and low interest. YOU CAN LAUGH
AT MONEY WORRIES --- IF YOU FOLLOW THIS SIMPLE PLAN
Fort St John, Investment opportunity. Well kept up light Industrial building in Prospect Park close to Highway. Phase 1 and 2 available. 5 bays, offices on main and above with lunch room. Fenced yard with storage sheds. $1.1 Million ( 8.4% cap)
this turnkey biz in Abbotsford. Auto Body biz for sale. $159,000.
building in Dawson Creek, BC.
BC. ( 50 km from Fort St John and Tumbler ridge.)
RAY YENKANA CCIM, ABR
www.rayyenkana.com (listing details)RE/MAX LITTLE OAK REALTY