western investor october 2012 section a

Build on the Power of Our Network. Over 350 Offices Worldwide.

www.naicommercial.caCommercial Real Estate Services, Worldwide.

• 20.03 acres• A2 Zoning• Currently used as a potato farm• Property contains a house + barn• Price: Contact Broker $1,600,000

sash sasidharan 604-691-6637 [email protected] don & angie Macdonald 604-534-7974 or 1-800-890-9855

Commercial/Industrial LandHighway 1 Access and

Exposure

Adjacent to future FLYING JTruckstop and Subway

• Up to 22+ Acres Total

• Owner will subdivide to suit

• Industrial or Commercial uses

• Full Highway Frontage

ASKING: Contact Listing Broker

3029 TOLMIE ROADABBOTSFORD

FOR SALE – COMMERCIAL pROpERTY LANGLEY, BC

MuST SELL!!!!!INDuSTRIAL BuILDING

FREE STANDING – LANGLEY

MERRITT, BC oppoRTunITIEs

chris langhaUg 604-534-7974 or 1-800-890-9855 [email protected]

• 0.43 acres each

• Amazing price $69,900 ea.

• New Development Coming Nearby• Close to Wal-Mart• Only $239K Trades ?

• 15,376 sq.ft. Warehouse/ With some main floor offices

• 1.2 Acres Paved lot - Fenced• 7 year old building – excellent condition• Ceiling height 18’ clear under joists• Fully sprinklered• Finished offices, washrooms & mezzanine• Heavy Power, Fenced and secure yard• Extra Yard area – Rare!!• $2,260,000

5349-273a Street, LangLey, BC• Frontage on Fraser Highway• Zoned C-3 – uses include Dealerships,

Home improvement centre, etc.• Re-development to Multi-Family,

Senior’s complex• Total of 2.57 +/- acres – 3 separate titles• Property includes 3 service bays and

parts store • Secured lot• Sold with or without business• $3,500,000

CORNER DEVELOpMENT OR HOLDING SITE

19633 sf site with 4 buildings, 7 tenants + 87K gross income.

Potential 4 storey commercial + residential. In revitalized area

of New Westminster. Priced below assessment

$1,790,000

• 53 Unit Townhouse Site • 4.1 Ac. R3 M-F zoning • Services at street • Asking $699,000

GREAT VALuE

HALF ACRE C-3 SERVICECOMMERCIAL LOT

3 LIGHT INDuSTRIAL LOTS

don ellis, ri 604-691-6668 [email protected]

NeW COMMerCIAL STrATABurnaby - 570sf 700sf 1100sf

available now!! New Westminster 720sf avail 2013.

$320,000

hIGh expOSure reTAIL $12 t NeTOver 100 ft of store frontage on heavy traffic corridor close to Braid Skytrain in

redeveloping Mallardville, West Coquitlam. Lease sizes 4690 sqft or less.

SuITABLe 4 OWNer OperATOr• 13240 sf rentable• Fenced parking lot• 16009sf c-4 lot• Excellent condition• Small + large tenants• High traffic location$2,350,000

FOR SALE1042 sq ft warehouse Abbotsford $188,7003300 sq ft retail strata White Rock $990,0002628 sq ft warehouse South Surrey $460,000

FOR LEASE20,000 sq ft warehouse Abbotsford $7.00 sq ft.2,500 sq ft warehouse Abbotsford $1,900 mo.10,000 sq ft retail & office Chilliwack $10.00 sq ft.

BUSINESSESHair salon & Spa South Surrey $200,000Landscaping Company Delta $250,000Scooter Sales & Repair Langley $125,000

BrUce sheldon 604-534-7974 [email protected]

KEN KIERS* 604-534-7974 1-800-890-9855

[email protected] *personal real estate Corp.

$4.29 october 2012 Vol. 27/issue 10vancouver • LoWer MaInLanD • vancouver IsLanD sectIon

coMMercIaL reaL estate, FrancHIses anD BusIness oPPortunItIes

executive golfer’s retreat at semiahmoo $1,195,000

Call Mike (604) 288-7473 www.copacrealestate.com

• New custom dream home w/nearly 4700 s.f. & quality high end appointments. 3 suites /detached guest Casita w/full bath

• Spectacular one of a kind corner location bordering the #1 fairway & #18 hole, across from clubhouse

EXECUTIVE GOLFER’S RETREAT at SEMIAHMOO - $1,195,000New custom dream home w/nearly 4700 s.f. & quality high end appointments. 3 suites /detached guest Casita w/

full bath

Spectacular one a kind corner location bordering the #1 fairway & #18 hole, across from clubhouse

0 6 0 3 5 8 1 8 2 9 1 9

1 0

Publications Mail agreeMent 40069240

NORTHERN JOB MAKERSDoug Bloom opens Spectra gas plant in Dawson Creek; northern projects call out for thousands of workers 8

19 PIPELINE OPTIONS Northern and eastern options floated if Gateway bid nixed

6 WESTERN PERSPECTIVE18 NWT DIAMOND PLAY21 MOVING TO SURREY

24 HOTELS TURNING HOT 25 DONE DEALS27 B.C. REPORT

A2 Lower Mainland www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

cushmanwakefield.com | 604-683-3111*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. the information contained herein was oBtained from soUrces which we deem reliaBle, and while thoUght to Be correct, is not gUaranteed By cUshman & wakefield.

• Direct river views; superb• Rear dock & grade loading

(165 ft between buildings)• Unique opportunity on north side of

Fraser River - Completion Spring 2013

• Retail investment opportunity• Three buildings totalling 43,283 sf on

2.87 acres of land• Opportunity to build approx. 9,000 sf

additional office/retail space

• Holding income with underlying land value• 11,310 sf C-2 corner site• Lease to Husky Oil up for renewal in 2013• Asking Price $4,750,000

• 11,050 sf office/warehouse on 1.6 acres• Leased to DHL Canada• 7 dock and 13 grade loading doors• 19’ clear ceilings• Asking $1,900,000

• 3 retail / 1 residential / 1 office units• Built in 2009; Lots of parking• Near Sullivan Heights High School

and Bell Centre• Asking $2,200,000

• 16,600 sf | 100% leased | 7 tenants• 10 office and retail strata lots• Located within a block of the

Evergreen Line Skytrain Station• $5,999,000

• Corner of Main and 5th Avenue• Lot size 8,718 sf (may be combined with

neighbouring site)• 6,600 sf building (holding income/demo clause)• Price $3,800,000

• Investment opportunity on an operating business• Currently seats 200 (soon to be 319 seats)• 5,420 sf on the main floor,

plus office space below• Pricing available upon request to qualified buyers

• 65 unit opportunity• Active development permit• Asking $1,995,000

• 22,300 sf on 6.97 acres• Level and graded corner lot• Long term lease, strong tenant• Rail serviced• Asking Price $2,300,000

• 1 block from King Edward Village• Approximately 1,600 sf main floor and

1,600 sf second floor• Main floor leased; second floor currently vacant• Perfect for owner/user

• 12,872 sf warehouse built in 2011• 1 grade and 2 dock loading doors• 26’ clear ceiling height• 600V/200Amp electrical service• Price $1,675,000

• Ideal for an owner/user as the main and 3rd floor are currently vacant

• Approximately 18,000 sf building & basement• Excellent street presence• Price $4,500,000

• Approximately 1,000 sf of office space• 8,000 sf warehouse + mezzanine, yard

and parking• 2 grade level bay doors• Price $1,800,000

• Excellent exposure on Lougheed Highway• High quality design and construction• New building partially leased to liquor store• Price $3,050,000

• All rooms and lobby newly renovated• 5 year lease to the Pantry Restaurant• Pub space with liquor license included• New Price $4,500,000

• Former food manufacturing facility• 23,300 sf building• 27,437 sf lot (225’ frontage)• Fully sprinklered, floor drains,

heavy 3 phase power

• Shadow anchored by Sobey’s• Stabilized NOI $184,643• 7.4% CAP - 12% cash on cash (LTV: 75%)• Asking Price $2,500,000

• NOI (year 1) $541,032 escalating to (year 15) $644,014

• Tenant - West Coast College of Massage Therapy - 5 colleges across Canada

• Asking $9,870,000

• AAA covenant• New lease• NOI $96,600• Price $1,757,000

• One block north of East Hastings Street• Minutes away from Downtown Vancouver• 2.31 acres | 100,856 sf• Call listing agents for the asking price

• 3,200 sf single tenant building• Currently tenanted on a month to month basis• Great opportunity for owner/occupier

or investor• Asking Price $1,085,000

• Long term national tenant• $312,000 annual income• Up to 15,000 sf warehouse space available

• Landmark investment opportunity• 7,035 sf strata unit with street-front access• Strong long-term tenant• Pricing available upon request

• Easy to manage• Tenants: Speedy Glass and ALTECH Auto• NOI $57,674• Price $1,065,000

• 3.2 acres with prime exposure• Fully gravelled and fenced• 4,480 sf Quonset Hut; 3,600 sf Shop;

1,200 sf House• Environmental Phase I and II complete

• Retail Centre on Lougheed Highway• Two buildings totalling 13,732 sf• Large 40,000 sf site• Asking Price $3,850,000

• Located at the edge of downtown Langley with convenient access to the major traffic arteries in the area

• Could accommodate an approx. 5,000 sf building• Asking price just reduced to $1,250,000

• 43,000 sf industrial building on 2.45 acres• Excellent access to Lougheed Highway,

Highway 11 and the Mission Bridge• Reduced Sale Price $3,050,000

• Prime location in the heart of the financial district

• New construction completed in 2011• ‘AAA’ quality office space on 6th & 7th floors• Fully automated underground parking garage

riverfront industrial units from 7,955 sf

investment opportunity1993 RIVERSIDE AND 34252 & 34314

MARSHALL ROAD, ABBOTSFORD

for sale - west side gas station on c-2 site

1010 W. KING EDWARD AVE, VANCOUVER

for sale - high exposure corner lot

2221 QUINN STREET, PRINCE GEORGE

for sale - high profile corner property

14377 64TH AVENUE, SURREy

for sale - lincoln centre3030 LINCOLN ROAD, COQUITLAM

vancouver development site

2106 MAIN STREET, VANCOUVER

vancouver’s premier sports bar and pub on granville1163 GRANVILLE STREET, VANCOUVER

multi-family residential development site

1150 BAILEy STREET, SQUAMISH

for sale - prince george2001 INDUSTRIAL WAy, PRINCE GEORGE

corner property along kingsway corridor

1295-1299 KINGSWAy, VANCOUVER

for sale - large bay strata warehouse

UNIT 106 - 2455 192ND STREET, SURREy

downtown victoria office building for sale838 FORT STREET, VICTORIA

saanichton industrial property for sale

6701 OLDFIELD ROAD, SAANICHTON

for sale/lease21755 LOUGHEED HIGHWAy,

MAPLE RIDGE

for sale - 61 room hotel with restaurant

LOUGHEED HIGHWAy, MAPLE RIDGE

for sale/lease1353 EAST PENDER STREET, VANCOUVER

for sale9321 96TH STREET, FORT ST. jOHN

15 year sale lease back613 COLUMBIA STREET,

NEW WESTMINSTER

solid investment great corner

1613 BOWEN ROAD, NANAIMO

full vancouver city block for sale

1909 FRANKLIN & 200 VICTORIA DRIVE

freestanding building in north burnaby

4622 HASTINGS STREET, BURNABy

for lease/sale2835 DOUGLAS STREET, VICTORIA

garfinkels night club1 - 4308 MAIN STREET, WHISTLER

two-tenant property2305 48TH AVENUE, VERNON

for sale - rare m-7 (salvage) industrial zoning site23360 FRASER HIGHWAy, LANGLEy

for sale mission square centre

MISSION

for sale - 0.78 acre flexible use development site

FRASER HWy & 200TH STREET, LANGLEy

for sale32860 MISSION WAy, MISSION

jameson house offices for sale/lease

VANCOUVER

rick eastman* bart vanstaalduinen*

hudge parmar* | burton van alstine* brett aura bill randall* philip cheng

craig haziza*** | craig ballantyne* craig haziza*** phil hearn | nic green bill randall* | noah freedman bill randall*

kyle wilson | craig haziza***kevin volz* | andrew green*

jot mattuanne tanner | jon buchanan

call 250-410-3000jon buchanan call 250-410-3003

brett aura | craig ballantyne*

brett aura | chris driver* don duncan*

greg miles | chris newton matt maclean*

eric walker andrew laurie | max zessel eric walker

robert stokes | boe iravanialastair fergusson

sean ungemach**burton van alstine* | hudge parmar*

anne tannernic green | phil hearn eric walker

bill hobbs* bill randall* | brett aura mike hardy | john bentley bill randall* mark trepp* | boe iravani

A2 Lower Mainland www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

✓ ✓VALUE FOR $ GOOD RETURN ✓ TENANT COVENANT ✓ UPSIDE ✓ CAREFREE

CALL Don MunroSUTTON GROUP

WEST COAST REALTY

604-817-7338 [email protected]

COMMERCIAL/INDUSTRIAL COMMERCIAL/INDUSTRIAL ACREAGESACREAGES

Prime Agricultural and Commercial / Industrial

Real Estate

ACREAGES

SURREY

11151 Bolivar St & 13340 112 Ave $2,750,000• 2.3 Acres (on corner)• Zoned CHI (Highway Commercial)

19518 32nd Avenue $3,150,000• 4.83 Acres in Campbell Heights• Designated Business Offi ce Park

LANGLEY

203-20771 Langley Bypass $750,000• +/- 3,864 sq.ft. commercial strata• Fully leased • Excellent Investment Property

CHILLIWACK

45116 Yale Road 1.376 Acres• Excellent location just off Evan’s Road Exchange• Perfect location for your business• Currently M2 zoningCall For Price & Additional Information

44085 Yale Road West $1,250,000• 1.01 Acres • Close proximity to TransCanada Hwy• M2 Zoning (sales, manufacturing, distribution,

warehousing, food processing, outside storage allowed)

50915 Ruddock Road 27465 60th Avenue 7730 Old Orchard Road

OFFERS

OFFERS

6842 202B Avenue & 6868 202B Ave $1,700,000• Prime Townhouse Development Site• Designated +/- 40 UPA with underground or structured parking• Excellent View Property close to all Amenities

48th Avenue & 216th Street Open to Offers• 45.82 Acres (two parcels) • Possible Future Potential?

CHILLIWACK50915 Ruddock Road $598,000 • 2.496 Acres • Excellent view property • close to many amenities• +/-2 year old 2 stry home w/ full fi nished basement• Beautiful large master bedroom with rear balcony, 4 pcs ensuite & walk-in closet

51140 Ruddock Road $850,000 • Potential for 11 Lots! 27.98 Acres• Private, yet in close proximity to many amenities

700 Columbia Valley Road $1,300,000• Prime Farm Land, 25.51 Acres• Build your dream home here!

LANGLEY27465 60th Avenue $1,299,000• 5 acres w/ beautifully renovated log home• Large paved drive, lots of parking for large trucks• Fenced and cross fenced + future rezoning potential

“Trophy Farm” $9,800,000• 550 gallon per minute water supply• 12,583 sq.ft. home • Warehouse/shop, offi ce, barn• 100+ acres fenced and cross fenced

“Bare Farm Land” $3,500,000• +/- 50 Acres • prime hayland • Terrifi c location• Relatively fl at farmland & perfect for most crops

24453 60th Avenue $2,600,000• Large 48 Acre parcel (divided from original 77.2 acres)• Located on the northern portion of 244583 60th Ave• SR-1 zoning & section zoned P2-G

889 Lefeuvre Road $5,800,000• 26.6 Acres • Mushroom Farm• Shop/Composting Facility• Growing Barn & Multi-Use Building

27691 Downes Road NEW REDUCED PRICE!!!!! • 26 Acres • Potential Berry Land??• Large Shop & Barn/Storage

7700 240th Street Open to Offers• Remodelled!! 16.2 Acre panhandled shaped lot• Large +/- 3,253 sq.ft., 3 bedroom rancher• +/- 1,126 sq.ft., 2 Bedroom Basement Suite• Jetted tubs upstairs & downstairs

44109 Yale Road West $1,210,000• 0.8 Acres • Home and large shop• Close proximity to Highway #1 • M2 Zoning

8558 Chilliwack Mountain Road $4,600,000• 10.687 acre Vacant Industrial Lot• Zoned M3 (General Industrial) & M4 (Heavy Industrial)• Level lot with a compacted gravel base• Great Location! Great Price

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

VancouVer • lower mainland • VancouVer island section contents october 2012

FEATURES8 ON THE COVER North begging for workers Thousands of high-pay jobs open in B.C.’s boom region

18 Territorial imperative: Quicker approvals N.W.T. rich in resources but slow in approving developers

19 Where oil will flow if Gateway a no go Northern and eastern routes could be viable options

21 Business move from Vancouver to Surrey Nicer space with lower lease rates among the lures

COLUMNS6 WESTERN PERSPECTIVE25 DONE DEALS27 WHAT’S HAPPENING IN B.C.

On the coverDoug Bloom, president of Spectra Energy, opens a new gas-processing plant in Dawson Creek: jobs, jobs, jobsPhoto: Spectra Energy Transmission West

2–23 LOwER maiNLaNd 9-10 sERViCEs 22 sEa-TO-sky/suNsHiNE COasT REgiON23–27 VaNCOuVER isLaNd

ADVERTISING DIRECTORy

MORE OPPORTuNITIES …• iNTERiOR b.C. • aLbERTa • OTHER pROViNCEs• fRaNCHisEs

… sEE sECTiON b

LIFESTYLE PROPERTIESs p E C i a L s E C T i O N • a 1 4

A4 Lower Mainland www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORWESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Lower Mainland A5

3221 140th Street, South Surrey, BC

Vancouver 604.736.5611Fraser Valley [email protected]

•Land,building&businessforsale.Approx.10acresinALR.•ListPrice:$1,650,000$1,450,000GARY KHAN604.714.4799

Kelowna Golf Range For Sale - Land, Building & Business

• Locatedapprox.186kmsoutheastofCalgary• 12strata-titledcondominiums• 11-Bdrm/112-Bdrms• $995,000

• Chinook Manor - Brooks, Alberta

• OutstandinglocationinSunnyOkanagan• FutureDevelopmentPotential

• 6.517Acres

• $5,500,000

• 2355 Marshall Rd., Kelowna, BC

42 Suite Apartment Building - Kamloops

Multifamily Investment Opportunity - Alberta

34 Suite Downtown Apartment Bldg.

DAN SCHUL Z 778.999.5758 [email protected]

DAN SCHUL Z 778.999.5758 www.bcapartmentinsider.com

43-Pad Mobile Home Park - Kelowna

Selling Apartment Buildings in B.C. Since 1998Outstanding Service

Strong Local and International Client Base Over $350 Million in Multi-family Real Estate SOLD

Dan Schulz & Gary Webb

604.537.5825

• LocatedinDowntownPrinceGeorge- neartransit• 94units/11Bchlr/351-Bdrm/472-Bdrm• Recentlyfiredamaged&vacated. Insurancemoneyavailableforbuyerto repairorsellerwilldeliverthebldgready foroccupancy

• Highprofilelocation,closetotransit• 75,000sq.ft.total• 40,000sq.ft.availableimmediately• LeaseRate$12/sq.ft.(longterm)• Forsale$17M

• 27256 Fraser Hwy, Aldergrove • Residences at Sun Valley Ridge

• Burnaby, BC

• Prince George, BC

94 Unit Hirise Apartment Bldg. For Sale

• Designated-Residential&Commercial• Servicesavailable• Superinvestment• Gravelopportunitywhileholding• $2,500,000$1,700,000

102 Acres Prince George For Sale Office Building For Sale / Lease

• Par72,6616yards,18holesChampionshipGolfCourseon159Acres• 12,000sq.ft.clubhousewithpro-shop,restaurant,loungeandbanquetfacilities• Fullsizedrivingrangeandlargepracticefacilities• Preliminaryplansfora200roomhotelandconventioncentre• 8,000sq.ft.custombuilthome

ERIC POON / KELVIN LUK 604.736.5611

•23699FraserHighway,Langley•Over235ftoffrontageonFraserHwy•Rezonepotentialtocommercial/industrial•Askingonly$1,495,000 MIKE GREWAL PREC VIC SANDHAR 604.340.4607

Rare Golf Course Opportunity For Sale | Vancouver Island

4.99 Acres of Non ALR Land For Sale | Langley, BC

Little Mountain Chilliwack - 59 Lot Subdivision For Sale

Free Standing Building on Main Street For Sale | Vancouver, BC

• 59lotsubdivision/LittleMountainChilliwack• ListPrice:$3,998,000

South Granville Apartment Building For Sale

• 14Suites/1-Studio&13-1Bdr ListPrice:$5,288,000$5,088,000 BRUCE LONG / DAVID FITZGERALD /GARY KHAN604.736.5611

•Medicalanchored–fullytenanted/Four1bedroomsuitesabove

•Asking$2,650,000–5%CapRateMIKE GREWALPREC604.537.5825

BRUCE LONG CCIM 604.312.2000 DAVID FITZGERALD 604.714.5522

Unbelievable Great

Investment

• Centralcommercialfrontageintowncentreonmainstreet.• Building6,500sqft/Lot66’X120’• Canbere-configuredinto3units(2,000SF)allw/streetfrontage.• Mixeduseredevelopmentpotential• Guaranteed3-yrleasetoyieldnear6%yield• ListPrice:$750,000

MACDONALD COMMERCIAL REAL ESTATE SERVICES LTD.

www.macdonaldcommercial.com

Sparkling Commercial Investment Waiting for you 6% cap

BOB SCR AGG PREC 604.290.2906 [email protected]

Kitimat, BC - 80 Unit Apartment Complex For Sale

CHRIS MIDMORE 604.714.4786KELVIN LUK 604.714.4766

Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.

•SolidConcrete5,000SFoffice/retailbuildingon3/4ofanacreatabusyintersection

•Zoningpermitsadditionaldevelopmentupto25,000SF• Idealforowner/user

• AskingPrice$2,388,000

South Surrey Office/Retail Building For Sale

PRICE REDUCED GARY KHAN604.714.4799

SALES . LEASING . STRATA MANAGEMENT . PROPERTY MANAGEMENT

• 859 Thurlow St, Vancouver, BC

• OneblockoffRobsonStreet• NewlyRenovatedHeritageBuilding22Bach/121-Bdrms

• NewPlumbing,NewElectrical&NewWindows,NewEverything!• WirelessInternet,ExerciseRoom• ListPrice:$8,288,000

• Solid,42-SuiteApartmentbuildingonlargecornersite• 7%caprate• Centrallocation,nearshoppingandtransit•231-Bdrms/182-Bdrms/1Bach• $3,880,000


PRIME DEVELOPMENT SITE

860 Dominion Ave., Port Coquitlam7.13 acres • Proposed M3 Industrial zoning • Great potential • Located in

mixed-use development area

Steve Caldwell

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 08/2012.

For more information on our available properties and range of commercial real estate services please contact us today. Tel: (604) 684 7117 • www.dtzvancouver.com

INVESTMENT PROPERTY

2780 Arbutus Street, Vancouver5,791 sq ft building on 9,375 sq ft lotKey corner location • Stable long term

Income • Care free management

Don Mussenden

RETAIL INVESTMENT

1088 Seymour, Vancouver1,182 sq ft • Downtown location

Tenanted - 5 year leaseHigh exposure corner

James Bayley, Meghan Kennedy

OFFICE SPACE FOR SALE

13988 Maycrest Way, Richmond2,800–5,880 sq ft

Recently renovated, with upgradesExcellent access to YVR, Hwy 91 & 99

Casey Bell

INDUSTRIAL SALE/LEASE

2133 - 21320 Wesminster Hwy, Richmond

3,005 sq ft industrial strata unitExposure to Westminster Highway

Casey Bell, Anthony Lux

RETAIL INVESTMENT

1795 Venables, Vancouver981 sq ft retail unit

Located steps from Commercial DriveGreat curb appeal

Conor Finucane, Pam Stone

INVESTMENT OPPORTUNITY

904, 908–990 Victoria St., Kamloops1.377 acres • C-4 zoned

$216,000 gross rents • Two buildings on 9 lots • Asking $1,995,000

Steve Caldwell, Murray Wills

INDUSTRIAL SALE

54370 Bridal Falls Rd., Chilliwack14.165 acres • Development potentialExposure and access to Highway 13 phase power • Covered storage

Rand Thomson, Sebastian Espinosa


12682 82nd Avenue, Surrey24,700 sq ft on 1.19 acres

Fully leased generating $180,870 per annum • Asking $3,400,000

Tony Capolongo, Sebastian Espinosa

INDUSTRIAL SALE

107 & 108 3060 Norland Ave, Burnaby

2,576–5,888 sq ftNicely finished dock loading strata units

Phil Gibbons, Steve Caldwell

DEVELOPMENT SITE

13061 King George Blvd., Surrey5.34 acre site • Between Scott Road

& Gateway stations • Residential/Industrial per OCP • NEW PRICE!

Rand Thomson, Sebastian Espinosa

RETAIL SALE/LEASE

906 Main Street, Vancouver4,314 sq ft on two levels • Restored

heritage building • Exposure corner in trendy location • 5 parking stalls

James Bayley, Meghan Kennedy

King George Blvd

INDUSTRIAL SALE/LEASE

903 Sherwood Avenue, Coquitlam6,900 sq ft on 12,079 sq ft lot

Fenced and paved yardExposure onto Brunette Avenue

Chris McIntyre, Steve Caldwell

DEVELOPMENT OPPORTUNITY

2450 Ticehurst Lane & Gately Avenue, Port Coquitlam

32,381 sq ft site • River frontage 48,571.5 sq ft of buildable density

James Bayley, Chris McIntyre


1751–1771 Savage Road, RichmondTwo buildings totalling 110,340 sq ft

on 5.483 acres • Fully leased to 5 tenants • Over 6% return

Conor Finucane, Casey Bell

MULTIPLE OFFERS

43 Units/2 BuildingsClose to amenities

Gross Income $222,893

PORT ALBERNI

11 Units – Great ConditionPenthouse with views


WEST SIDE

16 Unit Apartment BuildingGross Income $111,744Potential Cap Rate 6.34%

ABBOTSFORD

58 Unit/Concrete HighriseExtensive Renovations


KELOWNA

21 Unit Apartment BuildingCompletely Renovated, Views


NEW WESTMINSTER

17 Units/Mount PleasantPenthouse/Laundry


EAST VANCOUVER

APARTMENT BUILDING SPECIALIST


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 verifi ed. All measurements quoted herein are approximate.

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

604 – 55 E CORDOVA ST.• CORNER LIVE/WORK PENTHOUSE STRATA• FLOOR TO CEILING WINDOWS W/ EXCELLENT VIEWS• PARKING AVAILABLE• LARGE PATIO WITH THE POTENTIAL OF HAVING

A ROOFTOP DECK • UNIT SIZE: 1,996 SQ.FT (APPROX., AS PER STRATA PLAN) • ZONING: HA-2 (GASTOWN HISTORIC AREA)LIST PRICE: $1,990,000

PARIS ANNEX COMMERCIAL RETAIL/OFFICE UNITS• GOOD CEILING HEIGHTS• LARGE RETAIL DISPLAY WINDOWS• NEWLY RE-DEVELOPED CONCRETE CONSTRUCTION • UNIT SIZE: FROM 941.84 SF TO 2,044.06 SF (APPROX., AS PER STRATA PLAN)• ZONING: DD (DOWNTOWN DISTRICT)LIST PRICE: FROM $389,000

1428 W HASTINGS ST. – DOCKSIDE LIVE/WORK TOWNHOME• BEAUTIFULLY FINISHED LIVE/WORK UNIT

IN COAL HARBOUR• IMPRESSIVE LAYOUT WITH 2 FULL WASHROOMS AND 1

HALF WASHROOM• 2 PARKING STALLS• UNIT SIZE: 1,315 SF (APPROX., AS PER STRATA PLAN)LIST PRICE: $ 988,000

608 W PENDER ST./515 SEYMOUR ST.• THE MALONE’S DOWNTOWN & CAMBIE (SEYMOUR)

HOSTEL. 40 GUEST ROOM HOSTEL (74 BEDS), A 125 SEAT RESTAURANT & A 180 SEAT PUB W/ AN OFF SALES LOUNGE.

• LOCATED ON THE CORNER OF WEST PENDER ST. AND SEYMOUR ST.

• EXCEPTIONAL OPPORTUNITY FOR INVESTORS, OWNER-OPERATORS AND DEVELOPERS

LIST PRICE: $ 8,500,000

SOLD

353 WATER ST.

SOLD

21 WATER ST. - The Packing House 1523 E. PENDER ST.

SOLD

611 POWELL ST.

SOLD

350, 356 & 360 CARRALL ST.

SOLD

NEWNEW

NEWNEW

Publisher Cheryl Carter Editor Frank O’Brien Con-

tributing Writers, Dave Husdal, Geoff Kirbyson, Glen Korstrom, Peter Mitham,Kevan O’Brien Copy Editor Noa Glouberman Production Manager Rob Benac Production Natalie Reynolds, Tanya Van Advertising Sales Christine Campbell, Gary Takahashi, David Witherspoon 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. 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.

Northern Canada must get its grit back

We can imagine the gritty explorers and entrepreneurs who once defined Canada’s north spinning in their

frozen graves.For, when it comes to a gap between

economic potential and on-the-ground reality, the north leads the nation.

An example: when Prime Minister Stephen H a r p e r v i s i t e d t h e Northwest Territories this summer, his mantra was, “The north is Canada’s eco-nomic powerhouse.” So what was the PM’s big announcement? The dedication of a new national park, the Naats’ich’oh National Park Reserve, which will perma-nently lock about 4,000 square kilometres off from development. It is right next to the 30,000-square-kilometre Nahanni National Park.

“You ain’t seen nothing yet,” Harper said.

Unfortunately, we agree. When it

comes to what could be happening in Northern Canada, we have seen virtually nothing of what should be happening.

Consider the MacKenzie Valley pipe-line. This is a $16 billion plan to pump natural gas from the Beaufort Sea south through the N.W.T. The National Energy Board may make the final decision on the

project in 2013, 40 years after it was first envisioned.

Mining giant DeBeers wants to open a $600 million diamond mine in the northern

territoy, but it had to hand in a 19-volume environmental assessment (and even that is no guarantee it will ever be approved).

A $180 million, 1.1-kilometre bridge across the MacKenzie River near Yellowknife could complete this year, two years and millions of dollars over budget.

This month, the apparently will-last-forever hearings into Calgary-based Enbridge’s $6 billion plan for an oil pipeline from Alberta to the West Coast continue in northern B.C., but even towns along the route – including Prince Rupert,

where the next hearing is scheduled – have already voted against the pipeline. Prince Rupert, by the way, has a 12 per cent job-less rate, the second worst in Canada, and has lost about 15 per cent of its population in the past 10 years.

Harper says the untapped resources in the north could bring billions of dollars in revenue and investment. His words: “Those who want to see the future of this country should look north.”

We are still looking.

NEXT MONTH Western Investor reports on the real estate revival in the U.S. Sun Belt. We update the retail sector and present an Investing 101 report on lease negotiations. Our regional reporters file from Drumheller, Estevan, Winkler and White Rock/South Surrey. Plus, we present the news and commentary needed by western investors.

FRANK O’[email protected]

ADVERTISING DEADLINE NOVEMBER 2012 issue:

October 15, 2012

Western perspective

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Avison Young Commercial Real Estate (B.C.) Inc.

FOR SALE - 28730 94th Ave, Maple Ridge

• 28730 94 Avenue• Lumber mill with water Access• 4.47 acres• Dry kilns

John Eakin/ Michael Farrell

FOR SALE – 3838 & 3862 West 50th Avenue, Vancouver• Rare - West Side development sites• Across from Point Grey Golf & Country Club• Two (2) individual lots, each is 132 feet x 297 feet• Single-Family Subdivision Potential

Mark Hannah / Alex Messina

Darrell Hurst

FOR LEASE – 1 Eighth Street, New Westminster• Premier 144,000 sf Class A offi ce and retail space,

year end -- 2013 completion• LEED Gold, energy effi cient offi ce bldg w/ large fl exible fl oor plates• Adjacent New Westminster SkyTrain station• Abundant parking, amenities & spectacular views

FOR SALE – 3600 Viking Way, Richmond• 46,241 sf single-tenant building• 100% leased to Quantum Murray LP• Large 3.094 acre site

Mark Hannah / Rob Greer

UNDER

CONTRACTUNDER

CONTRACT

Michael Farrell / John Eakin

FOR SALE – Abbotsford Industrial Land

• Rare serviced land• Zoned Industrial• 1.00, 2.25, 3.25, and 11.8 acre sites • Located at Mt. Lehman Rd & Brookside Ave

FOR LEASE – Creekside Village, Whistler• Restaurant and retail space in North America’s #1

resort• Located at the base of Whistler Mountain• Available units range from 896-3,370 sf • Co-Tenants include BC Liquor Store, Starbucks, and

Scotiabank James Shandro/ Amanda Vissia

PRICE

REDUCED

FOR SALE – 5118 Joyce Street, Vancouver• 16,374 sf of fully improved strata offi ce space• 2 full fl oors• Available April 1, 2014

Matt Walker / Mona Khandan

FOR LEASE – 320 Ewen Avenue, New Westminster• Paved and fenced yard area• Will consider tenancies from 4 to 8 acres• Existing sheds also available

Michael Farrell / John Eakin / Bal Atwal

FOR SALE – 701 East Cordova Street, Vancouver• 11,668 SF Warehouse/Mezzanine Storage• 0.33 Acre Site • 44 % Site Coverage• Excellent signage opportunities• $2,350,000

John Lecky / Struan Saddler

John Lecky / Struan Saddler

FOR SALE/LEASE – 1455-1475 East Georgia St., Vancouver

• 10,000–20,000 sf of Offi ce / Warehouse available• I-2 Light Industrial zoning• Dock and grade loading• $3,350,000

PRICE

REDUCED

SOLD – 1999 Nelson Street, Vancouver• Located west of Denman Street, one block from Stanley Park• Four storey plus penthouse concrete apartment building• Tremendous upside opportunity on rental rates• Rare opportunity to acquire a premier multi-family asset Mark Hannah / Rob Greer

SOLD

FOR SALE – 8515 River Road, South Mission

• 6.82 acres • M-2 Heavy Industrial• Exposure onto Lougheed Highway• $2,387,000

John Eakin / Michael Farrell

FOR SALE/LEASE – 2907 3rd Avenue, Port Alberni• Zellers building available for lease June 2013• Demising options available• Abundant parking• Over 4 acres of land including 100,000 sf of big-box

retail spaceAmanda Vissia

FOR SALE – 2405 – 2427 Crescent Way, Abbotsford • 1.53 Acres• Permits in place for a 83 unit Multi-Family development• Ability to build a six storey, 101 unit development• Next to new $38M Abbotsford Collegiate School• $1,998,000

Douglas L. McMurray / Bal Atwal

SOLD – 201 Edson Street, Saskatoon

• 100% leased to Great West Distribution Ltd.• Tenant recently renewed for a further fi ve (5) yrs.• Lease has contractual rental escalations. • 5.12 acre site located in Saskatoon’s CN Industrial Park

FOR SALE – Pantec Mini Storage, Bellingham, Washington• INVESTMENT/DEVELOPMENT OPPORTUNITY• 14.67 acres including a 3.5 acre serviced parcel for future dev.• # of Units: 842• Cap rate: 7.2% • $6,900,000 Cdn

Robert Gritten / Patricia Lidbetter / Ryan Kerr

SOLD - 900 Parker Street, Vancouver• 116,000 sf single-tenant distribution facility• 100% leased to General Paint• Below-market rent• Off-market transaction


SOLDSOLD


FOR SALE – 728 Main Street, Vancouver• Chinatown Retail Property• 2-storey retail property w/unique architectural features• Extensively renovated in 2004 & 2009• Opportunity for a user or investor• Redevelopment Potential

Mark Hannah/Rob Greer

FOR SALE – 9781 186 Street, Surrey BC• 2.86 acres • Zoned and serviced• In sought after Port Kells industrial park• Asking $2,699,000

Michael Farrell / John Eakin

FOR SALE – 880 Belgrave Way, Delta• Manufacturing / Distribution Building• 162,330 sf• Owner User / Investor Opportunity

Ryan Kerr / Michael Gill / Robert Levine /

Robert Gritten

A8 www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

Multibillion-dollar decisions over the next few months, from giant dam projects to pipe-

lines, ports and pellets, could well decide the future of northern B.C. and, perhaps, the entire provincial economy.

The question is, will the resource-and-trade-rich area become an international investment hub or will it retain a status quo that appears less than promising?

The stakes, like the northern lands, are enormous. Here are some of the investment decisions that could shape and shake the north for decades to come:

Fort St. John: The northern centre for natural-gas fields is running out of industrial land – partially because it is hemmed by the Agricultural Land Reserve – and hungry for investors to take advantage of a booming economy, says veteran Fort St. John com-mercial realtor Ron Rodgers.

But even Rodgers is awed by the poten-tial of the Site C dam – a $6.6 billion-plus BC Hydro project on the Peace River that is inching toward approval.

In a city where a serviced acre is selling for $150,000, BC Hydro has already bought up more than 200 acres of industrial land as a staging ground for the giant dam project that is virtually on Fort St. John’s doorstep. The utility is also planning two large camps to house an estimated 7,000 construction work-ers; this would represent about a third of Fort St. John’s total population.

Now the waiting starts. Site C, envisioned 40 years ago and approved by the B.C. gov-ernment in 2010, is now working through an independent environmental assessment and broad stakeholder consultation process that could stretch out two years. But, Rodgers notes, if Site C is not given the green light it may trigger a domino effect that could stunt northern development from the Peace to the Pacific.

Dawson Creek: Spectra Energy Transmission West opened a new multimil-lion-dollar natural-gas processing plant this

COVER Decisions made in next 12-18 months will decide the future of Northern British Columbia

WI STAFF

WESTERN INVESTOR

July. According to company president Doug Bloom, the plant took 300 workers to build and requires 20 full-time employees.

Spectra, with BG Group plc, is also plan-ning an 850-kilometre pipeline from north-east gas fields to the port at Prince Rupert, where BG plans to build an LNG export facility.

Now Shell Canada Ltd., Korea Gas Corp., Mitsubishi Corp. and PetroChina have chosen TransCanada Corp. to build, own and operate a $4 billion pipeline that could carry natural gas from an area near

Northern crossroads

Cover Feature

Doug Bloom, president, Spectra Energy Transmission West, at the official opening of the Dawson Processing Plant in Dawson Creek this summer. Spectra plans to spend $1.5 billion on northern expansion, including a gas pipeline to Kitimat.

Phot

o: S

pect

ra E

nerg

y Co

rp.

Dawson Creek to the proposed LNG Canada facility in Kitimat. That project is expected to create between 2,000 and 2,500 jobs during a three-year construction period.

TransCanada must submit an applica-tion to the BC Environmental Assessment Office and go through the application pro-cess (including two public comment periods) before it is approved, rejected or requires fur-ther information.

The project would affect approximately 30 different First Nation communities along the proposed route from Dawson Creek to Vanderhoof and from Vanderhoof to Kitimat. TransCanada believes the project could be up and running by the end of 2020.

Tumbler Ridge: While Teck Resources Ltd. says it has not completed a two-year feasibility study on the re-opening of its Quintettte coal mine, construction crews are already on site and it appears the company is confident of a startup. If it goes ahead, hous-ing will be in high demand in nearby Tumbler Ridge.

Vancouver-based Teck applied for a B.C. Mines Act permit in April and says it does not expect approval until the second half of next year. The company’s own feasibility study will be finished this fall.

The Quintette mine closed in 2000 due to low coal prices.

As the mining permit application was being made in April, Teck senior vice-pres-ident of coal Ian Kilgour told a Tumbler Ridge public hearing that, should the permit be approved, Quintette would require a work-force of about 500 and would be in produc-tion for 12 years.

“We’ll look at incentives for employees to buy their own houses,” Kilgour said, noting programs around subsidies, loans and other options are still on the table.

Phot

o: B

eedi

e Li

ving

NORTHEAST BC Realty Ltd.

250 785 4115 Investing Our

Energy In The North

10220 101 Avenue Fort St John BC V1J 2B5

www.NEBCRealty.com

RON RODGERS

OWNER - MANAGING BROKER Email: [email protected]

NEBC ©2010 - 2012

Silverado Inn ‐ Cold Beer & Wine Store Dawson Creek, BC

Businesses consist of a 40+ suite inn, Cold Beer & Wine Store, and Pub

Facility also includes full commercial kitchen and atrium designed restaurant (currently not operating).

Over 28,000sf building on 1/2 acre commercial lot plus an additional three lots are included for parking area.

Located in the heart of Dawson Creek’s tourist center

Asking $3.58 Million

No drop ins please call Ron for more info or

to arrange viewing. MLS 138624

Direct Line: 604-626-8894 Email: [email protected]

Bill Summers

Fraser Valley 26 pad MHPwith two homes on 5 acres. 5 more sites ready to fill with all the services close by and possibly more sites in the near future. Great opportunity for equity building as there are MHPs close by that are closing down and interest is high to move mobiles to this park now. Management in place. Call for more details. Asking $1,395,000 Share Sale

Fraser Valley 43 pad MHPwith house and RV storage on 5 acres. Asking $4,000,000

THINKING OF BUYING OR SELLING?If you are thinking of buying or selling, please give me a call. I have many qualified

purchasers looking for mobile home parks at this time. Confidentiality observed.

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Teck employees have already purchased some houses, apartments and lots for devel-opment in Tumbler Ridge.

Prince George: Thompson Creek Metals Co. Inc. has raised $200 million in additional financing to complete construction on the $1.5 billion Mt. Milligan copper-gold mine in northwestern B.C., about 155 kilometres north of Prince George.

“We are very pleased with Royal Gold’s increased investment and continued sup-port in the advancement of our Mt. Milligan project,” said Thompson Creek chairman and CEO Kevin Loughrey, adding that the mine is scheduled for completion in the third quar-ter of 2013 followed by a fourth quarter start for commercial production.

In February, Thompson Creek said con-struction costs for the Mt. Milligan mine had increased from $1.3 billion to between $1.4 and $1.5 billion. At that time, the company said the cost escalation was caused by the scarcity of inputs and resources, in particular the cost of labour.

The cost to complete the project may be 10 to 20 per cent higher than previous estimates, depending on weather conditions, labour availability and productivity, the timing of equipment deliveries and any unforeseen delays.

The Mt. Milligan mine is expected to employ about 1,000 people at peak con-struction and the 30-month construction phase will provide an average of 370 jobs. Forecasts say the mine could average annual production of 262,100 ounces of gold and 89 million pounds of copper for the first six years of operation.

Prince Rupert: Pinnacle Renewable Energy has been granted approval by the Prince Rupert Port Authority to build a $42 million marine terminal to ship wood pellets overseas.

Prince Rupert’s most famous eyesore – the

old Skeena Cellulose pulp mill, idle since 2001 – finally has a potential buyer.

If the sale is approved – and there are major legal, environmental and regulatory hurdles to clear – the mill would not restart. Rather, it would be developed into a new bulk-shipping terminal and industrial park.

Watson Island Development Corp. is offering the City of Prince Rupert $5 mil-lion for the old mill site and $500,000 for contiguous property from the District of Port Edwards. The development com-pany is a joint venture involving Colonial Coal International Corp., Hillsborough Resources Ltd. and the Lax Kw’alaams and Metlakatla First Nations.

The new terminal would ship metallurgical coal, grain, potash and other commodities, said Watson Island CEO Perry Braun.

“We envision 10 to 20 million tonnes of bulk material [per year] going through it eventually,” he said.

The city estimates such a plant would cre-ate about 200 jobs.

As mentioned, the consortium must clear several hurdles before it can be sold. The mill is owned by the City of Prince Rupert, which took possession of the property for unpaid taxes – a move that triggered a legal challenge by the former owner that’s still before the courts. Another hurdle would be site remediation, which could cost $40 mil-lion to $80 million according to one estimate. Watson Island has agreed to cover a portion of the costs for site remediation.

Kitimat: This northeastern city would be the terminus for the Enbridge Inc.’s Northern Gateway pipeline, but some analysts are writ-ing that $5 billion idea off because of resis-tance from First Nations. More realistic is a bid from Shell Canada and partners for a new LNG plant and, of course, the $3.3 bil-lion Rio Tinto Alcan smelter project that’s already underway.

Rio Tinto says it will need an extra 1,500 skilled workers to finish its construction phase alone. The smelter is expected to com-plete by 2014.

There are also plans in the works to have two more LNG plants built in Kitimat by 2020. Kitimat LNG is preparing to begin construction of a plant this year and Douglas Channel LNG also has plans for new plant.

Now, perhaps the wildest idea has surfaced to spark debate – most doubtful – in this port city. Victoria-based newspaper publisher David Black has announced an audacious $13 billion bid to build an oil refinery at Kitimat.

Based upon the proposed project’s busi-ness case, Black said bankers in Toronto and New York have told him if the refin-ery passes environmental assessment and Enbridge’s pipeline is approved, he would be able to attract $13 billion from investors “in a week.”

Black estimates it would take 6,000 work-ers to build the refinery and 3,000 more to run it once it opened.

Manuel Leit, owner-broker of Re/Max Kitimat, expressed the jaded response of many Kitimat residents.

“I am skeptical that such a refinery would ever be built,” he said, adding that he doubts a newspaper owner could swing such a huge project. “We have seen a lot of big plans here that didn’t work out.”

The project’s biggest challenge is that it depends on Enbridge getting the green light

to build its pipeline from the Alberta oilsands through B.C. to Kitimat.

MJ Ervin & Associates principal Michael Ervin noted any Kitimat refinery would face stiff competition from refineries China plans to build.

Black, known for building the Black Press chain of newspapers, said he has cre-ated Kitimat Clean, a company committed to paying the “millions of dollars” necessary for an environmental assessment for the pro-posed refinery.u

Investing in the north

There is more than $60 billion in major capital projects planned or under-

way across northern B.C., representing approximately 45 per cent of the total proposed capital investments in B.C. in the coming years.

Yet only 8 per cent of the province’s pop-ulation calls the north home, which means there is a serious need for labourers and professionals to move north and fill jobs.

There are many other compelling rea-sons to move north:

• the median annual household income in Prince George ($72,000) is higher than in Metro Vancouver ($67,000);

• in July, northern B.C. residential sales volumes were up 20.5 per cent from a year earlier, the highest in the province;

• commercial real estate sales volumes in July were 104 per cent higher than in 2011;

• a three-bedroom house with a yard and garage for $300,000 is not an uncom-mon find, even in Prince George; and

• more sex. Fort St. John and other northern centres lead the nation in child births due to many young people work-ing in the resource industry.

More than $60 billion in major capital projects planned or underway across northern B.C.

Cover Feature

Restaurant For Sale

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WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Lower Mainland A11A10 Lower Mainland/Services www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

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LAND ASSEMBLY • DEVELOPMENT • INCOME PROPERTIES

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WHISTLER REVENUE TOWNHOUSE – 3 bed - 3 bath - $2,400 per month income. 36 units on 10 acres - Site Redevelopment Potential ............................... $399,000SENIOR’S DEVELOPMENT SITE, Creston B.C. –Foundation in place, tendered plans, permits, ready to complete. 88 units. ..........................SALE: $1,990,000NEW WEST/BURNABY MIXED DEVELOPMENT – 54 units, 46 Apartment Units, 8 Townhouse Units. $2,950,000 OCP & Area approved plan. $2,980,000PENTHOUSE - 2 LEVELS DWTWN VAN 1764 SF, 3 BD, 3 Bth, 2 Parking, below Tax Value, ............................$999,0002ND FLOOR OFFICE – 940 sq.ft. Fully renovated with bath-room / separate entrance. Marpole - S.Van. .$1700.00/mo.

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For further details call:Hanif@604-970-8151AMEX FRASERIDGE REALTY7507 Victoria Dr., Vancouver, B.C. V5P 3Z6

• Commercial wholesaler of baked goods

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EXCELLENT INVESTMENT OPPORTUNITES • 6% cap Rate, Squamish BC over an acre and a half located downtown with 100’ of Sea to Sky

Hwy exposure. Ford Dealer as tenant est 24 yrs $20k nnn/month. ......................Asking 3.9M• Squamish BC profi table Self Storage over an acre located in Industrial park grossing over

188k /year with 2 apartments, 4 shops, 2 Retail space and 43 storage lockers. Asking 2.78M• Vancouver BC Clothier business est over 30 years grossing over 2M/year. ......... Asking 600k• Downtown Vancouver, prime Denman St location restaurant 50 seats, gross over 500k/year,

liquor license est over 8 yrs. ............................................................................... Asking 248k• Richmond BC Pizza Deliver business est over 15 years. ........................................ Asking 78k• Downtown Port Coquitlam, 1,530 sqft main fl oor offi ce space. ...................... Asking $10NNN

DEVELOPMENT 8000 Nixon Road For Sale$758,888

Buy now for an Estate Lot and take advantage of Development potential coming up soon. Right across the road from The Falls Golf Course is a 18.9 acre property of gently undulating land with spectacular panoramic views. Call for info package. Priced for quick sale.

INDUSTRIAL45745 Cartmell RoadFor Sale or Lease $1,795,000

35 acres of land fronting the mighty Fraser with loads of potential. 10.1 acre of usable land leased and taking in $7000/m. There is approximately another 2-3 acres to lease at $1500/acre. Zoned heavy industrial. Lots of water and Power onsite. Well priced at $180,000 per usable acre.

DOWNTOWN BUILDING

45892 Wellington For Sale or Cheap Lease$839,900 or lease at $6.00 Gross lease /sqft3 level Character building in the heart of the downtown core. 16000 sqft on three levels. Great for retail/offi ce combo. Music Store / School / Retail outlet. Great for a Wellness Centre. Building is vacant and ready for the next business idea.

PROFESSIONAL OFFICE SPACE –from $1500/m all in. - call for info packagesKnight Road Plaza1) - 1175 sqft – 2nd Floor - move in ready – join doctors, dentists and other professionals for $12/sqft well located in the heart of Sardis.Staples Plaza2) – 1000 sqft – 2 units available – retail / business with incredible exposure and numerous anchor tenants - $14.50 and $22.00.Gaetz Plaza3) – 1128 sqft – 2nd fl oor – Move in ready – Just set up the desks. 4 large offi ces, lunchroom, bathroom, technical room and reception under $1500/m. First month FREE!Sutton Downtown Business Centre 4) – from $250/m for Virtual offi ce address with full range of services to $750/m. Boardrooms, Handicap bathrooms, large beautiful lobby, full time staff and lots of FREE parking. Call me for details and pictures.

5-8030 Enterprise Way$299,888 or $8.95/sqft

22x72 deep space with back access for 14’ loading door. 3 phase power converter. All leasehold work is done. Reception, stock area, bathroom, mezzanine. Ceiling height is 22’. Zones M-2 light industrial.

45891 and 45885 Alexander Ave.For Lease $10/sqft2 units available. Recently vacated by long term tenants. Great retail exposure. Back access for loading door. Mezzanine and offi ce space all built. 4 units in all. 2122 sqft of fi nished space. Great for a range of industrial or retail uses. Zoned M-1 light industrial.

CHILLIWACK

Sutton Group Showplace Realty Ltd.

KELLY JOHNSTON 604-793-9900 [email protected]

INDUSTRIAL PARK - BUSINESS - WAREHOUSE

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Lower Mainland A13

Committed to Canada. Connected to the World.

SURREY• Mall – 3 acres 6% cap $16 Million

Richmond• Mall – Alexandra & Hazelbridge $7 Million

whitE Rock• Towncentre highrise site $14 Million

www.naibusinesses.ca

alf sanderson delon cheung 604-691-6646

alf@naicommercial .ca604-691-6654

delon@naicommercial .ca

RV REntAL & SALES Bc Well established RV business, consistently profitable. Experienced staff and management. Online reservation system overseeing a fleet of over 300 rental motor homes. .......................$11,000,000

VAncoUVER iSLAnd RESoRt & SPA Profitable resort, lodge and spa offering world class dining and spectacular ocean views. Situated on 8.56 acres of oceanfront property with future development potential. ......................... $PoA

hALcYon hot SPRinGS ViLLAGE & SPA Year round outdoor playground with spectacular facilities. Profitable resort & spa business with natural hot springs. 35 acres with 800m water frontage and strata chalets. Business and property. $15,900,000

cUStom miLLwoRk (Van Island)Over 20 yrs in commercial millwork and custom door manufacturing. Averaging $5M in revenue Top of the range equipment. ...................................................... $1.95m inc equip

mEtAL FABRicAtion (Lower Mainland) neW lIsTIng In business for over 20 yrs. Traditional metal processing and installation company. Sales average $5.4m ....................................................... $2,490,000 inc working cap

coFFEE FRAnchiSE (Lower Mainland) Well known coffee franchise with two high traffic locations. Easy to manage. Combined sales approx $1m. Turnkey operation ............................................................. $499,000 both locations

VAncoUVER dinnER cRUiSE BUSinESS REDUCEDIn business for over 15 years operating two yachts from Downtown Vancouver. Nets $310,000 ..............................$1.85m inc yachts

niGhtcLUB BAR & GRiLL (Kootenays) Award winning nightclub in the Kootenays. One of the largest licensed establishments in BC with popular restaurant......................................................................................$389,000

SUccESSFUL cAFE REStAURAnt reduced Hugely popular cafe in downtown Squamish. Approx $620K annual revenue. Rent only $1,100/mth. Easy to operate. Turnkey operation......................................................................$249,000 inc equip

Ted WeIbelzahl 604-514-6825 or 1-800-890-9855 [email protected]

COMMERCIAL STRATA FOR SALELAngLEy FRASER HIgHwAy FROnTAgE COMMERCIAL STRATA UnITS - 2 TO CHOOSE FROM• 2160 sq. ft. ready for your improvements• HVAC and sprinklers to an open plan• wAS $635,000 now ASkinG $605,000• 2617 sq. ft.• Income from current lease until 2013• wAS $749,000 now ASkinG $710,000 InVESTMEnT InDUSTRIAL STRATA FOR SALE102/103 26730 56 AVE LAngLEy• 6% CAP on ask. Good tenant with new 5 year lease• 4908 +/- sq. ft. footprint with 1560 sq. ft.

office and 1560 sq. ft mezzanine• Asking: $689,900

#3 27250 58 CR. LAngLEy • 6% CAP on ask.

International Tenant• New 3 year lease with

options• 2000 sq. ft. footprint with 1000 sq. ft. office and

1000 sq. ft. warehouse down, and 1000 sq. ft. office and showroom up

• Asking: $465,000

RETAIL STRIp InVESTMEnT DOwnTOwn LAngLEy • 5 CRU’s• 10,484 sq. ft. rentable

on a 14,636 sq. ft. lot• Strategic corner location• PROFORMA NOI $147,312 or 5.9% CAP on ask• Owner may guarantee income for 1 year to allow

further lease up• Asking: $2,500,000

LAC LA HACHE MAnUFACTURED HOME pARk• 99 SITES ON 17+ Lake view acres• Phased development • NO income as yet• Phase 1 completed with sewer, water and electricity• Ready to occupy• Asking: $650,000

www.naicommercial.caCommercial Real Estate Services, Worldwide.

BRIDAL & EVENING WEAR BOUTIQUE (Lower Mainland) Profitable & long established business. Great location. Nets $200K+ . .......................................$449,000 + inv NEW LISTING

FAST FOOD FRANCHISEE (North Vancouver) Mall location $320K Gross ........................................ $228K + Inv

HOBBY FARM (North Okanagan) NEW LISTING 26 acres Farmland + updated 4,200 s.f. Rancher $899K

MOTEL, PUB LIQUOR STORE - FRASER VALLEY Profitable - $3.2M Gross, NOI $370K .................................... $3.5Mil

elIzabeTh WoznIczko604-691-6648 [email protected]

MIchael MarckWorT [email protected]

EqUiPmEnt REntALS (Metro Vancouver) • Long established • Very Profitable • Fully managed • $2.3mil annual sales .................................... Shares $3.0mil

doLLAR StoRE FRAnchiSE (Fraser Valley) • Established in 2001• Premier location in a large mall• 4,000sf store • $795,000 annual sales ......... $188,000 + inv

Ted sTellakIs 604-691-6692 [email protected]

COURT ORDERED SALES160 Acre Development Site, Abbotsford BC • One legal quarter section totalling 160 acres• Zoned LU/R-1(Limited Use Resource/Residential) PRicE: $3,900,000459.1 Acre Development Site, Cranbrook BC • Zoned CD-1 & UH-R allowing for low & medium density residential• Surrounding Gary Player designed golf course PRicE: $22,300,0001.37 Acre Residential, Coquitlam BC• One legal parcel totaling 1.37 acres• Zoned RS-2 • Close to all amenities PRicE: $1,225,000116.53 Acre Development Site, Invermere BC • Triple Zoned R-1, A-1, & SH-3 (various uses) PRicE: $1,499,000INDUSTRIAL & DEVELOPMENT SITES43,560 sq.ft. Industrial waterfront Site, new westminster, BC • Zoned M-2 (Heavy Industrial) • Five contiguous water lots• 330 feet of riverfront PRicE: $950,0001.04 Acre Light Industrial Site, Squamish BC• Excellent exposure site within the Squamish Business Park• Preloaded site with plans available and access to Highway 99.• Zoned I-1 (Light Industrial) PRicE: $850,00015.1 Acre Development Site, north Vancouver• One legal parcel totaling 15.1 acres• Zoned RS1 & PRO (one unit per 43,056 sq.ft.) PRicE: $5,250,000 23.3 Acre Agricultural Site, Delta BC• One legal parcel totalling 23.3 acres • Zoned A-1 (Agricultural)• Easy access to Highways 99, 91, & 10 REdUcEd!: $2,200,00027.6 Acre Agricultural Site, Langley BC• One legal parcel totalling 27.6 acres • Zoned Ru-5 (Rural Floodplain) • Adjacent to Nathan Creek dyke REdUcEd!: $2,000,000

Tobiano golf Course, kamloops BC• Court Ordered Sale!• Fully operational Golf course and

clubhouse• Ranked best public course

in BC & 10th overall in Canada • pRICE: $5,500,000

gary haukeland or j.d. Murray604-683-7535 [email protected]

[email protected]

10,105 sq. ft. Office Building, Abbotsford BC• Court Ordered Sale!• 3 storey office building totaling 10,105 sq. ft.• 25 underground parking stalls & 7

surface spaces • REDUCED: $2,400,000rIck luI

604-644-6182 [email protected]

PeTer seed 604-691-6608 [email protected]

PowELL RiVER 26,900 s.f. Centre. 8.5% cap $1.5 m

GRAnd PRAiRiE Mixed O/R $130,000 N, 9% Cap

kAmLooPS 254 Royal Ave 45 units $2.6 m

kELownA 64 Unit Condo/retail. Core area. “build to suit’ $11.75 m

PRincE GEoRGE 118 Acre, 4 M Meters gravel, (abuts airport) $3,200,000

1063 Great St., 5 acres, 17,500 s.f. $2.8 m

PRincE GEoRGE 3 Separate Apts. 12-40 units

SUncoR/mcdonALdS diSP. 4 sites 13,000 s.f. to 40,000 s.f.

qUESnEL 1.7 Acre, 3 nationals, 19,500 s.f., $281,500 $4,700,000, 6%

RAmAdA VALEmoUnt 70 Rooms, all amenities, share sale, 9% Cap Rate

wiLLiAmS LAkE Portfolio $467,049, NOI, $6,225,000, Cap 7.50%, 5 Buildings

kAmLooPS 34 SUitE APARtmEnt Bd• Gross Income $265,000, NOI $210,000• Price $2,750,000kAmLooPS moBiLE homE PARk• Gross Rev. $177,000, NOI $134,000• Asking $1,800,000moBiLE homE PARk, mERRitt• Gross Rev. $182,688, Net Income of $113,118 • Good expansion potential • Price $1,775,000RV & mini StoRAGE, cRAnBRook• Gross Revenue $189,700, Net $152,600• Price $1,650,000mini StoRAGE BUSinESS, mERRitt• 147 Storage Units, 9% cap rate• Gross Revenue $154,500, Net $117,000• Price $1,300,00012 SUitE APARtmEnt Bd, kAmLooPS• Gross Income $121,800,000, Net $95,813 • Price $1,300,0008 SUitE APARtmEnt Bd, SUmmERLAnd• Gross Income $53,700, Net $40,000 • Price $790,000

UNDER CONTRACT

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Lower Mainland A15A14 Recreational Real Estate LIFESTYLE PROPERTIES www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

••• • “The Source” for Oceanfront, Lakefront, Islands, Ranches, Resorts & Land in BC at:

www.landquest.com604-664-7630 • 1-866-558-LAND (5263)

SADDLE ROCK MOUNTAIN RANCH – ROCK CREEK, BC

• Very private 640 acres, 2 titles• Professionally built cottage• 1.5 miles private valley at Rock Creek• Overlooks Kettle River• Perfect outdoorsman’s paradise• $875,000

Rich Osborne 604-664-7633Personal Real Estate Corporation



• Serious development potential!• Business with excellent cash flow!• Busy year-round pub, restaurant & marina• 5.33 level acres & foreshore lease• 920’ low bank oceanfront & 3,000’ wharf • NEW PRICE! $4,540,000

Brian Harris [email protected]

OCEANFRONT HOTELQUEEN CHARLOTTE ISLANDS

• 14% cap rate • Huge ocean view rooms• Owners retiring• Building in great shape only 9 years old• Near the marina and all Masset stores • $1,375,000


SEASONAL HUNTING CAMP WESTBRIDGE, BC

FRASER VALLEY LUMBER YARD & HARDWARE STORE

OUR COVE RVKALUM LAKE - TERRACE, BC

• Very high traffic location• Major national chain• 11,000 sf of retail space• Additional 2 acres of lumber yard• Solid business with expanding client base• Valued at $585,000

• One of a kind. 25 RV sites. 2 boat ramps• Water gravity fed to each site from creek• Power only to owner site & community cabin• Good fishing & outlets the Kalum River

world known for salmon and steelhead.• 33 kms north of Terrace, BC $439,000

Dave Cochlan [email protected]

Dave Cochlan [email protected]

RANCHLAND NEAR 100 MILE HOUSE

• 3 excellent ranch properties close to town• In the heart of BC’s ranch country • 609 ac encompassing Davey L. $395,850• 772 ac w/water license on creek $459,589 • 480 ac surr. by Crown land $285,600 • All very well priced!

• SUPER LOCATION w/ dev. potential• 25 slip marina, 0.44 acre upland & parking• Ground floor marine commercial• Marine service & repair facility• Zoned Marine Industrial• $2,600,000

Ron SvisdahlTOLL FREE 1-855-267-2591 [email protected]

SHUSWAP LAKE DEVELOPMENT LANDS

• 238 acres – south shore• Road access – 300 ft WF• Great views, power, water• 60 lot proposal ready to go• HUGE REDUCTION to $1.19M

10 ACRESNELSON, BC

• Cozy 2 bedroom cabin• Treed hillside location 5 min out of town• Great views of Kootenay River• Three artesian wells on property• Good investment on unzoned property• $249,900

A PIECE OF PARADISE

• Near south end of Porcher Island• Salmon, cod, halibut & crab fishing• Access by boat or float plane• Sheltered moorage• Own your own BC Coast Island! • Reduced $399,000

• 7 acre equestrian estate• Breathtaking Pitt River vistas• Warm and comfortable country home• Solid, functional barn, paddocks, pastures.• Ideal site for future dream home • $1,290,000

Doug Dyer 604-818-6600 [email protected]


1900 SF HOME ON 2.69 ACRESANAHIM LAKE, BC

• Rural lifestyle• Spacious rooms & large sundeck• Glass greenhouse & raised garden• Small barn & workshop• Short distance to community amenities • Horse friendly $115,000.

NEW HOME IN 55+ COMPLEX 100 MILE HOUSE

Denis Dore [email protected]

Denis Dore [email protected]

• Detached home close to town• Fully enclosed heated garage• Open floor plan. 2 bdrm• Gorgeous kitchen with pantry• Hardwood, tile and carpeted flooring• Gas fireplace $219,900

PEACEFUL RURAL SETTING1 HR FROM VANCOUVER

• Off the grid, satellite & cell service, solar, wind turbine, generator. 480 ac, 2 yr round creeks, ponds, hayfields, completely surrounded by Crown lands

• 1296 sf 2 bdrm 1 bth newer home• REDUCED TO SELL $439,000

Larry Laing 250-513-2733 [email protected]

SHOAL HARBOUR MARINA SIDNEY, BC

ICONIC FISHING / ADVENTURE LODGE – BC’S INSIDE PASSAGE

PORT BROWNING MARINA RESORT – N. PENDER ISLAND

• Established successful resort• Turnkey operation, 30 years in same family• 33 acres, 750 ft. directly across the road

from ocean. Includes land, improvements, boats, furnishings, equipment and business

• $2,395,000

TULANI RANCH - BETWEEN BURNS LAKE AND HOUSTON, BC

Penny McFarlane 1-250-640-4112 [email protected]

EXECUTIVE ESTATE / DEV. PROPERTY - VICTORIA, BC

• Zoning allows for 10 acre lots • Panoramic ocean and city views • 99 acres $2,500,000 and 118 acres

$2,500,000 • Some drilled wells and driveways

already roughed in.

Carson Dorward [email protected]

• Near new 1,900 sf home – fully equipped• 8 seasonal cabins – each sleep 4• About 2 hours to Kelowna – Big White• White tail and mule deer in abundance• Good year round access. Approx $40K

income. $475,000 ANXIOUS SELLER

MARINE HOTELPOWELL RIVER, BC

• Prime location, downtown above the ferry terminal

• 23 rooms, 150 seat restaurant• 125 seat pub, banquet room• 3 storey, 20,000 sf of finished space• $899,000

Jason Zroback 1-604-414-5577Jamie Zroback 1-604-483-1605

SEASCAPE RESORT & MARINAQUADRA ISLAND, BC

• 2.03 ac oceanfront in Gowlland Harbour• 2 titles & 2 foreshore marina leases• 12 oceanfront & 1 deluxe ocean view

cabin, spectacular 1,800 sf log pavilion• 2,000 sf main house, 1,220 sf workshop • 1000’ of premium dock space. $1,798,000

Jason Zroback 1-604-414-5577Jamie Zroback 1-604-483-1605

LYTTON, BCAIRSTRIP DEVELOPMENT

HISTORIC BRITISH COLUMBIA RANCH

25 LAKE VIEW ACRESHARRISON HOT SPRINGS, BC

• 58 acres – two titles • 3 separate zoning designations • Just north of downtown Lytton • Services to be installed • Airpark potential • $489,000

• 110 years of rich / colourful history• 431 acres in a beautiful setting• Nazko River runs right through• The only deeded property on Marmot Lk.• Plus a private “Firefly Lake”• $1,350,000

• Fantastic building sites with breathtaking views . Sub division potential

• Located in the Jewel of the Fraser Valley • Only mins from Harrison Hot Springs• Borders a Provincial park • Some timber. $1,195,000

Kurt Nielsen 250-338-6090 [email protected]

Kurt Nielsen 250-338-6090 [email protected]

NORTH OKANAGAN VINEYARDENDERBY, BC

• 8.5 acre property • 5 acres of grapes • 3 bdrm, 3 bath log home • Situated in BC’s wine country • Perfect for winery sales and/or B&B • $799,000

Ken Hunter 1-855-214-5263 [email protected]

BC’S SHUSWAP LAKE1.23 ACRE VIEW LOT

• Deceased Owner - Estate anxious to sell • BEST BUY IN THE SUB-DIVISION• Good building site for home + cottage• No time frame to start construction• Water, hydro at lot line • REDUCED TO $75,900





109 ACRE HANSON ISL. BC COAST - OFF PRINCE RUPERT

• Secluded get away on pristine Pitt Lake• Delightful 1,064 sf panabode cabin• Covered deck with view of the lake• Crystal fresh water supply• An easy 40 minute boat ride and on the

sunny side. GREAT value $349,000



Two years ago locals were nicknam-ing Wildstone “tombstone,” say-ing the B.C. Rockies golf course

would never get built and the Boulder Creek neighbourhood wouldn’t become a reality.

There was strong evidence that they could have been right. The entire project was in receivership, for the second time, and under the direction of court-appointed Ernest Young.

Today, Wildstone Golf Course is thriving, and 23 of the 43 Boulder Creek luxury homes – after deep price cuts – have been sold and are now occupied.

“Several factors are contributing to our success,” said Boulder Creek sales direc-tor Harold Shand. “To begin with, these homes are ready to move into right now. In fact, many of our purchasers are Cranbrook locals who have made Boulder Creek their primary residence.”

Shand added that the B.C. government’s repeal of the HST means “the tax situation is now more favourable for purchasers than last year” – a fact not yet widely understood by most Alberta visitors to the Boulder Creek sales centre.

But the killer incentive that launched sales? The dramatic price reductions.

“Prices [of villas] range from $304,000 to $465,000, which represents savings of over $200,000 from the original prices,” said Shand. “Our Colliers International team is marketing the development and all homes are

being sold below replacement cost.”He said when word got out, the buyers

started showing up to look at the luxury town-homes, listed in 2008 for up to $700,000 and now selling for as little as $210,000.

That means that some homes are selling for less than $180 per square foot though, according to construction estimates, it would cost more than $300 a square foot to build and finish the homes to the same level of quality.

Colliers launched a sales blitz that resulted in four sales in first two weeks in August. As the month ended the deals were sweetened with an extra $7,500 price cut on selected villas.

“This is the best deal on golf course prop-erty, anywhere in B.C.,” Shand said.

Boulder Creek at Wildstone – one of sev-eral new golf resorts blindsided when the recession hit four years ago – may techni-cally be located within Cranbrook limits, but it’s far enough from the city’s downtown

RECREATION FEATURE Slashing prices pumped sales of Wildstone luxury golf villas in Kootenays

FRANk O’bRIEN

WeSTeRn InveSTOR

core and Highway 3 to offer a “resort like” ambience.

Before the fall of 2008, golf developments and resorts sprang up all over the U.S. and B.C., with courses being used as hooks for people to buy condos and houses.

The real estate crash forced Bear Mountain on vancouver Island into creditor protection, from which it has since emerged, and killed a variety of golf-resort projects on the Island, in B.C.’s Interior and all over nevada and Arizona.

Jim Goddard, director of golf for victoria’s Cordova Bay Golf Course, said that ever since the market crash Canadians have been flocking to those states, where they are essentially “giving golf away.”

“If you think the golf business is weak here, it’s in panic mode down there,” he said.

But Goddard is quick to point out that it’s not all gloom and doom. Local courses that have ensured they cater to local golfers, he says, are on the right track.u

From “tombstone” to tee off

Lower Mainland

boulder Creek villas at Wildstone near Cranbrook, b.C.: prices cut in half on some luxury homes – but now they are selling.

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Oak Bay Beach Hotel nearly completed

It’s been nearly seven years since kevin Walker shuttered his Oak Bay

Beach Hotel and, while he admits he never expected it would take so long to bring the waterfront site back to life, he’s coming to grips with the fact that a very long journey is nearly finished.

“We’re starting to realize that in a couple of months we will be right back in the rhythm of running a busy hotel,” he said.

“I think people will view it as it should be viewed – a new product, a new prop-erty, a new Oak Bay Beach Hotel – and they will find it to be one of Canada’s fin-est destination resorts by the time my operations team is fully engaged.”

The project – which will feature a 100-room hotel, 20 luxury residences, sea-side mineral pools, a fitness centre, the Snug pub, the David Foster Foundation Theatre and a fine-dining restaurant – already has a management crew of 24 at work in the completed administrative wing of the property.

Sidebar:

HeAD = Oak Bay Beach Hotel nearly completed

It has been nearly seven years since kevin Walker shuttered his Oak Bay Beach Hotel, and while he admits he never expected it would take so long to bring the waterfront site back to life, he’s coming to grips with the fact a very long journey is nearly finished.

“We’re starting to realize that in a couple of months we will be right back in the rhythm of running a busy hotel,” Walker said.

“I think people will view it as it should be viewed: a new product, a new property, a new Oak Bay Beach Hotel, and they will find it to be one of Canada’s finest destination resorts by the time my operations team is fully engaged,” he said.

The project - which will feature a 100-room hotel, 20 luxury residences, seaside mineral pools, a fitness centre, The Snug pub, the David Foster Foundation Theatre and a fine-dining restaurant - already has a management crew of 24 at work in the completed administrative wing of the property.

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Venerable Oak bay beach Hotel is close to being rebuilt.

Raj Thind [email protected] PERSONAL REAL ESTATE CORPORTATION www.rajthind.com

COMMERCIAL • FRANCHISE • BUSINESS • DEVELOPMENT

COMMERCIAL BUILDING FOR SALE $1.198M

•BusyLangleyDowntown-C1Zoned•2levelswithmultipleunitsandtenants•GreatStreetFrontExposure.HighRevenue•PerfectforProfessionalServices,Realty,•Lawyer’soffices,Doctors,Education..•UpperlevelavailableforLeaseOptionaswell

NORTHERN, BC HOTEL FOR SALE $3.49M

•Large-MotelwithProperty•72Rooms,HighExposure,PrimeLoc.•AdditionalLotsavail,inprice•WellRecognizedbrand•FullservicelargeRestaurant•Highprofit,CallforDetails..

DAyCARE wITH PROPERTy$769,000

•EstablishedLongTermLocation

•HighRevenuewithFutureExpansionOpportunity

•GovernmentApprovedwithSubsidy

•ConsistentYearRoundEnrollment

COMMERCIAL & RESIDENTIAL PROPERTy - $939,000

•Largebuilding-6600sqftCornerLot,HighTraffic

•Upper4bedroom-2bath-2decks

•2000sqftUnitLower

•Setupforgrocery-caneasilybeconverted

RESTAURANTS & FRANCHISESPrime Yaletown Deli & Lounge - $998,000 -HugeSalesVolume-HIGHREVENUE-BusyEventNights -Trademark&FranchiseConceptinPlace

Rockwells in Surrey - $800,000 -HighProfitRestaurantLounge-HighEnd-LocatedinBrandHotel

Saffron - $268,000 -HighProfitIndianConcept -SecheltLocation-HighNetIncome

Quiznos Coquitlam - $190,000Panago Tsawwassen - $390,000

RESTAURANT • FRANCHISE • BUSINESS

AwARD wINNING BURGER FRANCHISEHUGEEXPANSIONOPPORTUNITY.AggressiveAlbertaExpansionisnowunderway.ThistopfranchiseisnowsettoopeninAlberta.CALGARYisSETFORINITIALEXPANSION,CALLTODAYFORAFRANCHISEPACKAGE.INITIALPLACEMENTISLIMITED-FRANCHISEINCENTIVESAVAILABLE.LOWERMAINLANDLOCATIONSAVAILABLE: -GranvilleBroadway..................$269,000 -Lonsdale-FullyRenovated.....$249,000 -AberdeenMall.........................$239,000 -PittMeadows...........................$369,000

778-554-(sold) 7653

WestCoast

Multiplecommercialoptionsavailable. VISIT www.RAjThIND.COm fOR mORE INfO

Contact Kris Pope at 604-318-5226

“We are focused on achieving the results YOU want.”

FOR SALE

Dexter Associates Realty Commercial Real Estate, Your Trusted Advisors

BUILDING AT UBC3800 Wesbrook Mall provides an excellent environment that will support and enhance the intellectual and social development goals of companies involved in R&D. Laboratories, offi ces, teaching, training, and conference facilities, in support of research and development in a number of key areas. OFFERS

Kris Pope 604-318-5226Kris Pope 604-318-5226

SEEKING AN INVESTMENT OPPORTUNITYEither multi tenant offi ce or business park with good return and or upside Up to $25,000,000.

WANTED INVESTMENT PROPERTY $500,000 to $1,500,000 with close to a 6 cap, retail or strata offi ce possible, Greater Vancouver or Kelowna, quick close for a good property.

PRIME RETAIL INVESTMENT 3 strata title units sold together---con-trol the entire retail component of this building. Partially

tenanted at the corner of 12th and Arbutus in the acclaimed LUZON development. Arbutus corridor. Huge development happening in the immediate area. $2,988,000

81,260 sq.ft. R&DMAY BE LEASED.

CALL FOR DETAILS

Call Kris Pope for details 604-318-5226

AUTOMOTIVE SHOP FOR LEASE CLARK DRIVE, VANCOUVER 4 or 5 bays plus offi ce (3,000 to 3,600), 3 or 5 year lease with up to 20 years. High profi le with many auto shops nearby, good clean buildingAsking $16.67 plus $6.40 op & taxes LEASED


R O Y A L G R O U P TAPESTRY REALTY#104-13049-76 Ave

FOR SALEi n M E T R O T O W NOver one acre of land and old strip mall has been approved to build over 100,000 sq feet commercial and residential. Presentely rev-enue over $200,000 per annum. For private consulation or more details.

SAM or JIM at 604-761-0172For More Details And Confi dential Discussion

5 ACRES Excellent Sub-Division into ½ Acre Lots

5810 – 152 Street, South Surrey (Sullivan Station area)REDUCED to $7,288,000

BILL PARSONS 604.590.4888 [email protected]

MLS (open to offers)

To view listings please visit:

www.6717000.com/biz Crest Realty (Westside)

Les Twarog (604)671-7000

1428 W 7th Ave., Vancouver, B.C.

Kitsilano RestauRant2685 Arbutus St. (at 11th) Price $199,000- 2685 Arbutus - Gramercy Grill- 1800 s/f - 60 seats + 24 on patio- Sales - $1Mil, $50K Net- American cuisine, Est. 12 yrs- Priced for quick sale Bring Offers Mixed use Building337/339 E Hastings (Near Main) Price: $1,388,000- 337/339 E Hastings, 3 lvl, 6166 s/f- 24 years old - Concrete Block Const.- Fully rented at $6800/mo net- 3 parking stalls at rear, sec. gated

davie RestauRant1175 Davie St. (Near Thurlow)Price: $199,000 (sales: $50k/mo)- Laziza Modern Mediterranean- newly established (Jan 2012)- West End loc. 1500 s/f w/48 seat - 8yr lease + 5yr option, $7250/mo all in

CoMMeRCial stRata units102/103/104 – 1625 Hornby (at beacH)Total 943 s/f (3 S/L’s) Price: $829,8001740 – 4311 Hazelbridge Way, rmdWas used as a clothing store, was rented @ $1700/mo. Strata Fees $400/mo. Lowest priced unit in Parker Place Mall. Price: $169,000

Sept 2012

Matthew Moadebi604-329-6771 (Cell)[email protected]

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F r A N C h I S e O p p O r T u N I T y

John Klassen / Bill Bartleman604-859-2341 re/maX little oak abbotsford

OFFICESouth Fraser Way

–1475 sq ft ground floor – $15.00 + triple net – lots of parking

RETAILClearbrook Rd

– 420sq ft & 800sq ft – ground floor

alDerGroVe – retail 3000sq ft – $11.00+triple Net

oFFiCe mcCallum rd– 1130 sq ft grd floor– $13.00+triple net

oFFiCe sPaCe - ClearbrookCentral Location 300-3000 sq ft, very good rates

RE/MAX Masters Realty

Cell: [email protected]

www.expertrealty.ca

Please call RICHARD PODGURSKI

PRINT SHOP – building & business with equipment, 26 yrs in business, well established $699,000

GAS STATION, building land equipment included, all updated 3.5 ac land 5 legal lots. $1,288,000

MOTEL 30 rooms well established, good location, building in excellent condition. $1,088,000

RESTAURANT, 27 years in business. Building, land and equipment included $788,000

WHOLESALE BUSINESS VANCOUVER, over 35 years in operation, good location, handling many exclusive products. $48,000 plus stock

MARK RAYMONDRE/MAX SELECT [email protected]

West Point Grey, Vancouver, BC

• 4474 West 10th Ave • Perfect store front• 2770 Sq ft residence top floor• Gound & 2nd floor commercial-retail• 3 Car garage • Superb location

Rare Combination 3 Storey

CHILLIWACK AVIATION PARK UNITS FOR SALE/RENT

FOR INFORMATION CALL: 604-793-5938www.chilliwackaviationpark.ca

26245-28th Ave. Aldergrove Just listed! 2.41 acres with approx. 21,000 sq ft building built by current owners. Ideal for continued church/temple use, or possibly school, nursing home, offices or combined with an industrial use. Modern, level entry design has spacious foyer that sepa-rates an approx. 300 seat auditorium, large fellowship room with kitchen, & connects to 9 large classrooms, plus admin. offices. Building has an elevator, lots of storage space, & has been very well maintained & updated. Lots of paved parking. Currently occupied but quick possession is possible or may be leased back for up to 2 years if buyer wishes. Call Alan now for more details & viewing!

FraserValleyHomeSeller.com“It’s the Experience!”604-859-2341 • 1-800-668-8661

$3,900,000

LANGLEY, BC

FOR SALE LOT & BUILDING ( Share Sale ) 1.6 Acre / C-3 Commercial Zoning / Excellent Location - 232 St + Fraser Hwy Corner lot / Big Potential !!!$ 2,380,000

MICHAEL LEE Prudential Sussex Realty Cell 604-328-8405 [email protected]

Sales over $500,000 per year established over 30 years net

profit to owner $90,000 per year

Owner works short hours.

Priced at $209,000 plus inventory.

Please contact

Iain MacDonell 604-328-3929www.macdonells.comRE/MAX SELECT

PROPERTIES

VANCOUVER BCUNIFORM SHOP

VANCOUVER BCSPORTING GOODS

STOREEstablished sporting goods store. This store received the Couriers

Readers Choice Award since 2007. Income to owner operator $75,000.

Priced at $99,000 plus inventory.


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When Northwest Territories Premier Robert McLeod spoke at a water-policy con-

ference last month in Vancouver, it was apparent that a new resource-sharing agree-ment with Ottawa was on his mind.

McLeod used the platform to extol “devo-lution”: the transfer of powers from the fed-eral government to the N.W.T.

“Devolution will be the key to ensuring that development in the Northwest Territories is controlled by northerners and is in the best interests of all our residents,” he said.

Unlike the provinces and Yukon, the peo-ple of the N.W.T. do not control their own public lands and resources, including rights in respect of water. Decisions on whether and how to develop public lands and resources in the territory are still made by the federal government. Resource royalties from that development flow directly to Ottawa rather than directly benefiting residents, McLeod explained.

“We believe the transfer of this responsibil-ity from Canada to our government is over-due,” he said.

According to a devolution report from the N.W.T. government, such an agreement would spark about $28 billion in direct and indirect revenue for the northern territory.

“We are currently negotiating a devolu-tion agreement that will finally see respon-sibility for public lands and resources move from federal control to the hands of the more

local, responsible and accountable territorial government,” said the premier.

McLeod captured headlines recently when he suggested that Alberta oil could flow north through the N.W.T. if the Enbridge Northern Gateway pipeline is not approved (see “Trio of pipeline options,” page A?). He said his territory backs resource development, but only if it is sustainable: “It does not mean development at any cost.”

The N.W.T. certainly needs more invest-ment, the premier noted. While rich in resources, “the people of the Northwest Territories are still faced with unemploy-ment, poverty, housing and infrastructure challenges, and high cost of living.”

And, if it weren’t for government jobs and

FEATURE “Devolution” seen as key to sustainable – and likely still slow – development in the NWT

WI STAFF

WESTERN INVESTOR

direct-benefit payments, the N.W.T. would be really suffering.

Of the territory’s 42,500 residents, more than 7,600 work for some level of govern-ment, most in the capital city of Yellowknife (population 19,200). Besides the N.W.T. government, major employers are the federal government and the City of Yellowknife.

The territorial government provides its staff with an average salary of $73,589; approxi-mately 15 per cent of this is made up of paid leave, similar to other government jobs.

Despite the resource potential in the N.W.T. – from diamond mines to ore and oil discoveries – the territory is the only area in the country to see a decline in population

Northwest Territories

Lower Mainland

The $180 million Deh Cho Bridge over the MacKenzie River may complete this year, two years late and well over budget. LEFT: N.W.T. Premier Robert McLeod: “devolution will be the key.“

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from 2006 to 2011, according to Statistics Canada. Yellowknife saw a modest increase of 545 people in the same period.

Diamond play The economic future of Yellowknife – and of the N.W.T. – is now based on diamond mining.

The Ekati diamond mine, owned by BHP Billiton, opened in 1998; Rio Tinto’s Diavik diamond mine began five years later. Today, both are sunsetting. Currently, DeBeers oper-ates the Snap Lake diamond mine, where it has begun to cut production.

The sparking diamond news now is DeBeers’ $600 million Gahcho Kue mine project, which could be in production by 2014, two years later than the company had originally planned.

DeBeers has filed a 19-volume environ-mental-impact assessment to regulators, to get decisions rolling. The plan addresses the expected impact on caribou habitat and the draining of the large Kennedy Lake.

Glacial pace Delays in getting any sort of development done are, apparently, a major obstacle to N.W.T. progress.

McLeod’s musing about a northern oil pipeline, for instance, is based on a gas-pipeline route through the MacKenzie Valley. That $16 billion development has been debat-ed for more than 40 years.

A more concrete example of N.W.T. delays is the controversial Deh Choo Bridge across the MacKenzie River. Work started on the 1.1-kilometre bridge in 2008 and is not expected to complete before the end of this year. That’s two years behind schedule and, at $182 million, at least $15 million over budget.u

7216 Horne St., Mission MLS#F3200544Restaurant / Land near Waterfront $779,000

34801 Delair Rd., Abbotsford Approved 31 Unit Townhome Site $1,860,000

21722 Maxwell Cr., Langley MLS# F1209709 5.02 Acres - First Time For Sale $988,000

7648 197th St., Langley MLS# F1209538 2 Acres - Latimer Plan Townhome Designation $1,595.000

32270 Lougheed Hwy., Mission MLS# 32012875.03 Acres - High profi le Commercial site $4,500,000Adjacent to SuperStore & Rona

32024 Joyce Ave., Abbotsford MLS# F3200806Land / Building, Prime Location, $1,475,000ZONING C6 - Commercial

8242 200th St., Langley 2.24 Acres - Prime Investment Land $2,450,000

34594 4th Ave., Abbotsford MLS# F3200005 0.38 Acres - High Exposure C3Zoning $599,000

We have buyers for development sites

in the Fraser Valley.

Please contact JOE VARING at 604-859-3141www.VARINGGROUP.com

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A s hearings opened last month on the proposed $6 billion Northern Gateway pipeline, it’s clear

there’s major resistance to the project.Enbridge Inc. wants to build a 1,170-kilo-

metre dual line from the Alberta oilsands to a marine terminal in B.C. that would ship 585,000 barrels of crude a day and require tanker traffic from Kitimat. The company filed its opening statement for the controver-sial pipeline in Edmonton on September 4.

Protests against the pipeline have come from First Nations, environmentalists, B.C.’s New Democratic Party and from such northeast B.C. communities as Terrace, Prince Rupert and Fort St. James, all three of which voted against the proposal. A sur-vey released by Abacus Data as the hear-ings opened showed 56 per cent of British Columbians are opposed to the project.

“We have too much to lose here, in Fort St. James in particular,” said Mayor Rob MacDougall following a unanimous district council vote against the project. He added that rivers and lakes in the region could be impacted if there ever was a spill.

The line’s also sparked a battle over potential revenue sharing between B.C. and Alberta. B.C. Premier Christy Clark wants a better revenue-sharing deal without further taxing Enbridge. Alberta Premier Alison Redford has said B.C. won’t get any of the oil royalties, because such a deal would alter the conventions laid down at Confederation.

The hearings resume this month (October), moving to Prince Rupert and Prince George, where the focus will be on environmental risks and contingency planning.

Alternatives Judging from the West Coast resistance, other options for getting bitumen from the Alberta oilsands to offshore customers are expected to gain traction. While none of the alternatives is as far along in planning as the Northern Gateway, they’ll likely be fleshed out quickly if Enbridge fails to win environ-mental or political approval.

The two options are to run the pipelines east or north, not west. For the eastern route,

FEATURE Alternatives show Northern Gateway not only route to move oil from Alberta to Asia

FRAnk o’bRiEn

WESTERN INVESTOR

TransCanada Corp. is proposing a $5.6 billion East Coast pipeline that would carry large volumes of western crude to refineries in Ontario, Quebec and New Brunswick.

“This project is in the early stages of development, exploring the technical and commercial viability,” said TransCanada spokesperson Grady Semmens.

Semmens noted that TransCanada already has a crude oil pipeline linking Hardisty, Alberta, to its Canadian Mainline pipe route that runs east and south. A portion of the Mainline was converted from natural gas to oil service between Alberta and Manitoba for Keystone, which then heads south in the U.S. from Manitoba. Keystone has delivered more

Trio of pipeline options

Lower Mainland

Map shows three possible pipeline routes to move oil from the Alberta oilsands to Asia. A: the Enbridge northern Gateway running west from Alberta to kitimat; b: northern route, flowing north through the Mackenzie Valley in the n.W.T. to the beaufort Sea; and C: the TransCanada pipeline proposal that would see oil flowing south to Calgary and then east to refineries in ontario, Quebec and new brunswick.

than 280 million barrels of crude oil to the U.S. since it started service in July 2010.

TransCanada’s proposal would send 625,000 barrels a day across the country to Montreal, Quebec City and, potentially, Saint John, N.B., where Irving Oil Ltd. runs a large refinery. Tanker exports could then take the crude to Europe or Asia.

TransCanada has the advantage of using substantial existing pipe, while Northern Gateway requires more than 1,000 kilome-tres of new pipe. Estimates say oil moving by Northern Gateway would cost $5.20 to $8.20 a barrel to get from Alberta to Shanghai; the East Coast project, TransCanada estimates, would cost $8.50 a barrel.

Meantime, Northwest Territories Premier Bob McLeod floated an idea recently, according to CBC, that Alberta should con-sider a northern route. Such a pipeline would run oil through the N.W.T. to the Beaufort Sea, where it would be loaded on tankers.

When Western Investor contacted McLeod’s office, however, it was apparent the premier was trying to distance himself from the proposal, which would roughly follow the planned route for the McKenzie Valley pipeline plan, but in reverse.

The prospect of an oilsands pipeline run-ning through the N.W.T. to the Arctic is already stirring protests from aboriginal groups who battled for years for a stake in the proposed Mackenzie Valley natural-gas pipeline that would run from the Beaufort Sea through the territory and into Alberta.

Either way, the stakes are huge. An updat-ed report on the economic impacts of ship-ping oilsands crude to Asia notes access to the exploding Asian markets would boost Canada’s GDP by $312 billion over 25 years (about $9 billion a year) and bring in $98 bil-lion in government revenue.u

EdmontonStony Plain

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Calgary

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POWELL RIVER I N V E S T M E N T

OPPORTUNITIESSTORAGE FACILITY

1.3 acres with 16 storage bays, offi ce, 21’x41’ shop/bay with 3 phase power. Fully fenced, easy highway access, good exposure, room for expansion, just minutes south of Powell River.

$349,900

CONVENIENCE STORE Only store in the Townsite community. Turn-key w/ ATM, Lotto & Keno, seating area, deli. Bright, clean, well maintained. Offi ce & storage in basement. Building & land included, stock added at cost.

$189,900

IDEAL AGRI-BUSINESS OPPORTUNITY102 acres fairly level land; many possibilities; easy access; in ALR $569,900


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fraser valley, over ½ acre land, 4500 sq.ft. building, 2 road frontage, fiber glass tanks, 4 dispensers, lots of parking, good gross and net income. Price $2.9 Mil

fraser valley, gas station, c-store, 5 dis-pensers with chip system, high volume u/g fiber glass tanks. Busy road, over 3 million liters gas sales and over $3000 daily c-store sales. only $1.99 Mil

fraser valley, gas station, 6 dispensers, brand new with chip system, high volume underground f/g tanks, electronically monitored, 4 million liters gas volume, $3000 daily c-store sales plus propane sales. Excellent gross and net income $2.99 Mil

Gas statioN with land and building, over 3 mil-lion liters gas and over $1.5 million c-store sales. Priced at $2.4 Mil

UPPer fraser valley, over 8 acres land, gas station, land and building, c-store, house restau-rant, all in one price at $1.1 Mil

iNvestMeNt ProPerty iN cariboo Land & Building leased for $4000/mo. $385,000

Motel 16 Units, Restaurant & Pub. Over 4 acres commercial land. Lake front on major hwy in Cariboo area. $450,000

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Edson, AB – 148 sites – 21 ac ............. 10,700,000

Edson, AB – 93 pads – 15 ac ................7,300,000

Golden, BC – 101 pads, 13 acres ........ 5,900,000

Edson, AB – 200 acres – Development .. 5,727,000

North Battleford, SK – 60 pads, 9.58 ac ..2,700,000

Invermere, BC – 31.48 acres MHP site ......1,900,000

McLeese Lake, BC – 69 pads, HSE, 25ac ......950,000

Langenburg, SK – 60 pads, 14 acres ......... 927,000

Radium, BC – 9.77 acres, Cml Hwy Frtg .... 900,000

Houston, BC – 20 pads, 33 RVs 23 acres .. 895,000

Clinton, BC – 26 pads, 4.6 acres ................ 525,000

Houston, BC – MH & RV Park, 40 ac+/- .... 299,000

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DEVELOPMENT SITE VICTORIA FOR SALE 1.74 ACRE 168 UNITS ........................................ $12.95MINDUSTRIAL PROPERTY DELTA, BCI-I ZONE, 11,680 SF BUILDING ON ½ ACRE . $1.699MOFFICE SPACE FOR SALE/LEASE2002 SF AT 6TH AND SPRUCE ... . . . . . . . . . . . . . . . . . . . . . . . . .$1,050,000 OR $23/SF PLUS OPERATING.2 LIQUOR STORES FOR SALESALES $4M & $2.7M ................. CALL FOR DETAILS 2 LIQUOR PRIMARIES DOWNTOWN VANCOUVER PRICED @ ............... $1.1M & $1.8M

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New westmiNster Office (4 strata UNits) Shows $35,000 net annual income. Asking $711,000

abbOtsfOrd Office / retail Office miX - Shows $52,000 net annual income. Asking $849,000

affOrdable mUlti-teNaNt Office Building with stable revenue. Asking: $988,000

mUlti-teNaNt iNdUstrial bUildiNg - in excellent area. Easy to rent small units, never vacant. Asking: $2,425,000

98 UNit mUlti-family siteClose to shopping centre, hospital, recreation and lakeside walking trails (Plans available) Asking $2,900,000

BC’S BEST BUSINESS DEAL!!!GREAT CAShFLOW

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steakhOUse aNd iNdiaN bUffet - Great location & Great lease. Reduced to $199,000

thai fOOd restaUraNt bUsiNessMost popular in town. Asking: $179,900

fraNchise restaUraNt on major highway in a flagged motel. Comes with a bonus 12,000 sq ft banquet hall. Asking: $389,000

maNUfactUriNg bUsiNess gOiNg cONcerN

laNd, bUildiNg & bUsiNessseller may maNage fOr New OwNer,

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A20 Lower Mainland www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORWESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com A21

Baljit Grewal thought she would be gambling her small business when she decided to move its location

to Surrey from the East Vancouver loca-tion she’d been renting since 1985. Now, five years later, the owner of the Bride and Groom Shop says it ranks among the best business decisions she’s ever made.

“It was chaos in Vancouver,” said Grewal, adding that the rent kept increasing for her small shop in a string of old storefronts on East 50th Avenue and Main Street, despite the fact that parking was a problem, the build-ing was falling into disrepair and traffic into her store was declining.

By the time she left, her rent for 1,000 square feet was topping $2,000 a month. In Surrey, Grewal purchased 800 square feet of contemporary space in a new Newton-area business park for $225,000.

Recently she expanded, taking an adjoin-ing 1,200 square feet of strata space for $364,000. Her monthly mortgage payments are now about the same as she would be pay-ing to rent half the space in East Vancouver, she estimates.

“Business is good.” Grewal said, noting that many of her former Vancouver clients have also moved to Surrey over the past few years.

Derek McIver also followed his clients to Surrey, leaving aging East Vancouver office space for larger, more modern digs at 152nd Street and No. 10 Highway in April of last

year. “We needed a more central location,” said

the sales director of iFreedom Financial Services, adding that most of his brokers and potential clients already live south of the Fraser River.

iFreedom had been leasing 1,500 square feet of “Class B/C” space on Fraser Street at East 30th Avenue for $29 per square foot. Its new 2,800-square-foot Class A office in a Surrey business park costs $31 per square foot.

“We were able to upgrade the quality of our building and keep our square-foot cost about the same by moving out to Surrey,” McIver said. “And we now have lots of free parking.”

The move has paid off spectacularly dur-ing the first year. iFreedom now has 34 bro-kers, compared with a maximum of 15 in Vancouver. According to McIver, the com-pany is better located to serve its core clients: middle-income families.

“In Vancouver now, people are either wealthy or they’re poor,” said McIver, who grew up in the city but now lives in Burnaby. He notes that many Vancouver families move to Surrey for more affordable housing.

Home firstBeing closer to home is a key reason why Vancouver businesses are decamping to B.C.’s second-largest city, according to Jordan McDonald, a former Vancouver commercial realtor who co-founded Frontline Real Estate in Surrey in 2010. He explains that many people first move their home to Surrey, and then their business.

FEATURE Vancouver businesses are lured across the Fraser by better space and lower lease prices

FRANK O’BRIEN

WESTERN INVESTOR

It is the “dynamic economy” of Surrey that attracted McDonald, who said many major companies are looking for satellite offices in a city that welcomes an estimated 1,000 new residents every month.

Frontline has grown from a staff of two to more than two dozen since it opened.

“We are able to hire top Vancouver brokers for less money because they live in the Fraser Valley and don’t want to commute to down-town [Vancouver] anymore,” McDonald said.

While less traffic congestion is often cited as key, Surrey’s overall lower cost for doing business is likely a major lure.

For example: the city’s business tax rate, at $15.90 for each $1,000 of assessed value, is the lowest of any Metro Vancouver munici-pality (it is $17.70 in Vancouver). And, while net commercial lease rates are similar to sec-ondary Vancouver locations, Surrey space is often newer and demands less in taxes and operating costs, McDonald explained.

The number of businesses moving from

Surrey bound

Lower Mainland

Derek McIver, sales director, iFreedom Financial Services: the company moved opera-tions from East Vancouver to Surrey in 2011.

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Vancouver to Surrey is hard to nail down, but Surrey registered 2,334 new business licences last year, up 8 per cent from 2010. In the first seven months of this year, 1,324 new businesses opened.

Non-home-based businesses account for 36 per cent of all new-business licences, according to Michael McGreer, an eco-nomic development analyst with the City of Surrey.u

Neighbourhood 2012 to date* % of total

City Centre 87 7Cloverdale 160 12Fleetwood 127 10Guildford 154 12Newton 436 33South Surrey 219 17Whalley 141 11Total 1,324

*First seven monthsSource: City of Surrey Economic Development

Where new businesses set up in Surrey

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TEN ACRES BY DELTA GOLF COURSE

To view call: Rae Forest 604-791-2179

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. This property can be purchased with, or without tenants.

LONG TERM INVESTMENT FOR SALE $2,950,000

WhEELEr ChEAM

RAY LEWIS604-812-9733West Coast Realty

L a n g L e y

CHILLIWACK AUTO CENTRE Fully-leased, a-1 maintenance, good income $1,380,000

VANCOUVER DEVELOPMENT SITES 1) Build 60 townhouses2) Mixed commercial/residential

SURREY & LANGLEY HOTELS Several good packages from $3.8 million

RESIDENTIAL DEVELOPMENT SITES Near freeway: - small to large parcels

A22 Lower Mainland/Sea to Sky/Sunshine Coast WESTERN INVESTOR

Darren McCartney 604-892-4875 [email protected]

RE/MAX Sea to SkyReal EstateSquamish

4.2 Acre, 71 Unit Multi-Family $3.75 mil11 Acre Motel/Campground/Hotel Site Holding income campground/motel $1.10 mil 14,280 SF Dev Site Dwtn Bank Corner at key intersection $675k2.1 Acre Residential Site 6-8 Single Family or Duplex Lots $750k0.54 Acre Retail Site Backing on 3 Malls $1.999 Mil0.84 Acre Multi Family Site In built neighborhood $925k

30 Unit Multi-Family Dwtn 28,000 SF buildable $1.08 mil59 Unit Multi-Family Dwtn $2.15 mil10 Acre Riverfront Lots $1.175 mil +Retail for Lease off Hwy 99 1,300-10,000 SF Adjacent to Home Depot, Walmart & Rona

Commercial Site on Hwy 99 $1.65 milC-3 gateway site: DP for 82 unit hotel,Zoning for: drive-thru, gas, restaurant1 Acre Light Industrial lot $699k

SQUAMISH INVESTMENTS

This popular French creperie restaurant has been in

business since October 1997 and has developed a loyal clientele by providing consistent quality food in a cozy and clean environment with excellent service. Since the Olympics, the sales growth has been very strong. Its prime location and proximity to free parking adds to the customers’ convenience.

[email protected]

FOR SALE crepe montagneA very profitable Whistler Restaurant

$859,000

4368-116&108 Main Street

Alan Jenner 604-905-9589

For more commercial listings and information on the commercial market in Whistler visit:

www.whistlerrealtor.co or www.allanjenner.com

Call Allan for a complete information package.

Powell River, BC Tree Frog Bistro$325,000

Business only - Owner retiring. Ocean view downtown restaurant. Popular with locals & tourists. Dining, banquet room, 2 patios.

Winner of two Horizon Awards 201224 HR INFO CALL 1.800.848.1615 ext 1488

Neil Frost 1.604.483.6345

Business only - Owner retiring. Ocean view

TWO COMMERCIAL BUILDINGSSIDE X SIDE

ML#V4021517 “The Dock” Sechelt Now $1,190,000Main street, downtown location with excellent exposure in Sechelt. 2 level building with retail, store, offices and zoned for residential above. High traffic area with lots of parking. 10 tenancies in place, many long term and great cap rate. Call Terry for more info.

ML#V4024655 Main St, Sechelt Now $779,000Commercial building, 5,300 sq. ft. with excellent ten-ant located right next to “The Dock” also for sale. Prime location on the main street with upgrades and high visu-al presence. Triple net lease.

TERRY & PAM B R A C K E T T [email protected] Oceanview Realty SECHELT

TINA KAIZER 604-741-5066 (cell)Toll free in BC 1-800-895-4313

[email protected] www.livecoastlife.com Oceanview Realty

4726 Sunshine Coast Hwy

OCEAN FRONT WESTERLY EXPOSURE, 11 units C-3 tourist commercial zone, 120 ft Hwy frontage

$1,179,000

4726 Sunshine 4726 Sunshine Coast Hwy

• 3.14 acres • 397 feet of Water Front • Zoned Commercial Four (C-4) • views of Georgia Straight

$3.5 M $2.2 M

WANTEDWINERY IN ALBERTA OR

BRITISH COLUMBIA

MINIMUM 50 ACRES

OF LAND.

CAMPBELL RIVER, BC

www.AlbertaInvestor.com

WANTED: APARTMENT BUILDINGS

AND MULTI-FAMILY SITES IN BC & ALBERTA

WE ARE LOOKING TO PRESENT YOUR REAL ESTATE PROJECTS TO CHINESE INVESTORS

Bring Alberta and British Columbia Investment Opportunities to the Chinese Market Place

JERRY RACZKOWSKI780-932-2121 • [email protected]

RE/MAX REAL ESTATE 10510 121 St., T5N 1L4 Edmonton, AB

INVESTMENT OPPORTUNITIES

UNIQUE PROPERTIES FOR SALE IN BC

FAIRMEADE FARM - Langley• NEW LISTING: 156 Acre equestrian estate. This property has an

expansive and historic main residence, guest house and 3 caretaker or employee homes, a tennis court and large in-ground swimming pool. Very private with frontage on the Salmon River, 232nd Street and 64th Avenue.

BOAT HARBOUR DEVELOPMENT LANDS - Nanaimo• 15+ Acres with over 3,000 feet of waterfrontage on Stuart

Channel overlooking the Gulf Islands. This property has the immediate potential to be subdivided into 6 waterfront lots. Offers excellent accessibility and the possibility for long-term moorage at neighbouring Boat Harbour Marina.

WYNDANSEA DEVELOPMENT LANDS - Ucluelet• 360 Acres with extensive waterfront on Vancouver Island’s rugged

west coast. Serviced and approved for a comprehensive develop-ment. Includes 29 existing strata lots, this property is offered by way of a Court Order, has immediate revenue potential, and is priced below assessed value.

ISLAND WEST RESORT - Ucluelet• Located directly on Ucluelet Harbour, this Court Ordered sale

includes a motel, RV park, 84-slip marina, marine pub, tackle shop & store, and a rental lodge. This resort has great redevelopment potential and existing income.

Mark Lester & Alan JohnsonS P E C I A L I Z E D A S S E T S G R O U P

T. 604.632.3345 / 604.632.3346 E. [email protected]

Charles ChiCell: [email protected] Premier Realty

FOR SALE MOBILE HOME PARKS• Mobile Home Park, Alberta 58 Mobile

sites (full), 10 acres of land, City water, City sewer service. Asking: $1,850,000

• Mobile & RV Park, Kamloops, 37 Mobile sites (full) plus 25 RV sites, 15 acres of land,City water & Sewer Asking: $2,400,000

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Lower Mainland/Vancouver Island A23

DALE SHORTT Bus: (250) 758-3700 • Toll Free 1-800-665-8313640 Trans Canada Highway, Ladysmith, B.C. V9G 1A7 • Email: [email protected]

OceanPointe

28 rental rooms, generating $8000 monthly. 115 seat pub plus full service kitchen. Fully renovated hotel incl. new windows, newer roof and full exterior paint.

This property was formerly listed at $1.8 Mill.

Asking $1.2 Mil. Seller will look at all offers

fuLL SERvicE HOTEL + winE + bEER STORE Must be Sold Due to Family Matter

Vic Smith munj DuSanj 1-250-479-3333

West Coast Realty

V i c t o r i a B C A c r e A g e s

Not in the ALR.

101 acres in Langford $3,300,000 1200 ft of Waterfront

4.46 acres in Saanich East $1,100,000

A1-zoned, potential estate or future subdivision.full detAils on www.brokersAles.cA

NANAIMO & vANcOuver IslANd PrOPertIes

d e v e l O P M e N t s I t e s & l A N d

d e v e l O P M e N t s I t e s & l A N d

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 strata conversion. $2,875,000

5 reNtAl HOMes – All together 5 sep. adj. lots. starting at $169,900 or all for $1,150,000. seller will finance. 10% down at 3 per.

5 Plex NANAIMO 5 meters, over $4,500 monthly revenue. Covered parking. Storage lockers. Separate meters. Asking $749,500

Just lIsted: 2 HOMes W/ AddItIONAl suIte + 2 cOttAGes Total of 6 rental units. Located on 2 separate ocean view lots. $579,000

FANtAstIc OceAN vIeW rM-5 dev sIte Unrestricted views, overlooks cruise ship pier. Approved

for 35 condos, No DCC’s. $729,000

dePt BAY BeAcH FrONt HOMe This smaller 2 bedroom home awaits your ideas. Great year round or vacation home, swimming & beach right out off your front veranda. $599,000

c O N d O s & H O M e s

FOreclOsure cOurt Ordered sAles

H O t e l s & P u B s

INcOMe PrOducING + reveNue PrOPertIes

2.47 Acre cOuNtrY lOt ZONed FOr 4 HOuses Allows for Bed & Breakfast, dog kennels, country market.

City water. $298,000

23 Acres $459,000 50 Acres, $995,000 43 Acres $859,000

Adjoining properties, 1 mile from city limits, Zoned for 5 acre lots

cOuNtrY estAtes develOPMeNt sIte

Full FAcIlItY suPer 8 MOtel Central/southern Vancouver Island. High profile Location. 35 rooms, + 20 suites with leased 125 seat pub and Smitty's 120 restaurant. 1.5 acre property on Trans Canada. $3,600,000

OceAN vIeW develOPMeNt sIte 21 condos or 8 townhomes. $379,500

MOrtGAGer WANts tO sell60 Unit care home facility in Nanaimo. Full facility,

great location $5.4 MIl.

NANAIMO Best BuY! MIdrIse develOPMeNt sIte Located in the Downtown core. Nanaimo:

Commercial or condo site. NOW $159,900

DUPLEX LOT $129,000 • 4 PLEX LOT $199,000

reveNue HOMe / 2 lArGe lOtsAcross the street from university. Ideal property for 4-plexes or student housing. $315,000

dAle sHOrtt Bus: (250) 758-3700 • Toll Free 1-800-665-8313640 Trans Canada Highway, Ladysmith, B.C. V9G 1A7 • Email: [email protected]

OceanPointe

57 Acres WItH PeAt MOss, Beck lAke17 acres sub-dividable into 2 acre sites. Marketing coal tailings for large exportation contracts located on large

aquifer for water or sales. $1,100,000

$379,000 ½ Acre PrOPertYWith large rental home. Ocean view. Subdividable,

build 2nd home or re-zone for 8 town homes. Financing available at 2.15%.

dIstress sAle, 17,000 sQ Ft WAreHOuseIncl. 7000 sq ft retail store front, plus 2 additional freestand-ing buildings with large overhead doors on 1.1 acres in the city. Assessed value $1,030,000. Asking Price $529,000

sellING due tO FAMIlY MAtter17 Acre Farm with beautifully renovated home, large shop, fantastic location. Must be sold. $525,000

cAssIdY HOtel½ acre property on Trans-Canada close to airport. 8 suites, 135 seat pub, primary liquor license, 3rd fl unfinished for future dev. $595,000

What an opportunity for owner operator or investor! Three 5 year young tilt-up warehouse units available totaling 11,620 sq.ft. Unit 101 & 102 & 103-7225 Brown St. Currently running as Inter-national MotorSports. Buy all three, OR buy individually. BONUS: Absolutely beautiful 2,000 sq.ft condo located in unit 101-102 with 10 ft ceilings and a Yaletown feel! Tilbury location, great oppor-tunities with the new South Fraser Perimeter Highway nearby! Conveniently located near Massey Tunnel, Tsawwassen Ferry, Alex Fraser Bridge, USA Border, and minutes from Vancouver! Make your business grow here! Check out 360 Virtual tour online and call for information package! www.fraserelliott.com

#101/#103-7225 Brown Street, Delta

fraser elliott [email protected] RE/MAX Progroup Realty

$1,599,900

FOR LEASE: Freestanding retail building in prime location on Luckakuck Way with excellent exposure to the Trans Canada Hwy. Same site as Value Village and MJM Furniture and Mr. Mike’s. 60’ x 120’ (7,200 sq.ft.) building with 18’ + ceiling and 18’ wide roll-up loading door at rear (Currently occupied by End of the Roll). Available September 1st. 2012.Asking $12.75/sq.ft. NET (+ net3 costs $2.75/sq.ft.)

CHILLIWACK RETAIL BUILDING#3 – 45150 Luckakuck Way

fraser elliott [email protected] RE/MAX Progroup Realty

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Lower Mainland A25A24 www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

Vancouver-based SilverBirch Hotels and Resorts is embark-ing on a set of new strategies to

increase its portfolio to 39 hotels by 2016 from its current 21 properties.

Key to the expansion is:• reducing the number of hotel brands that

SilverBirch operates;• focusing on opening new Hilton- and

Marriott-branded properties;• investing heavily in renovations; and• increasing the percentage of hotels for

extended-stay guests.SilverBirch plans to spend $90 million

this year as well as up to $150 million next year upgrading properties. Back in 2009, the company spent a comparatively paltry $20 million.

“We’re a patient company and a long-term investor, so that’s why you see such a high level of investment in each property,” said SilverBirch president Steve Giblin.

“A few years ago we had seven differ-ent brands and 12 independent hotels. In a month we’ll have all but two of the hotels fully branded.”

One of the company’s investments was to rebrand its Cascadia Hotel and Suites on Hornby Street as the Marriott Vancouver Downtown and spend $25 million to reno-vate the facility, which re-opened July 27, as an extended-stay hotel.

Extended-stay hotels have amenities such as laundry rooms and gyms and outfit

their rooms with kitchens. They differ from options offered by companies like Execustay because they have a front desk and a simpli-fied check-in process.

Recent data from Atlanta-based hotel con-sultant Highland Group holds that extended-stay hotels are outperforming standard hotels in revenue growth per available room night – a key industry metric.

SilverBirch is also spending tens of mil-lions of dollars in order to renovate its extended-stay TownePlace Suites by Marriott hotel near Toronto’s Pearson International Airport.

REIT roots SilverBirch’s origins go back to 2007 when BC Investment Management Corp. priva-tized the TSX-listed Canadian Hotel Income Properties Real Estate Investment Trust (CHIP REIT) and needed a new name.

Robert Pratt, who was vice-president of operations at CHIP REIT and then SilverBirch’s first president, said CHIP REIT had bought hotel properties flagged with dif-ferent brands partly to appeal to a broad range of investors and partly because it had a lot of money from its IPO and was expected to buy properties.

Pratt, who has since become president of Coast Hotels and Resorts, said CHIP REIT negotiated many 20-year branding agree-ments with hotel chains like Quality Inn, Ramada and Radisson.

SilverBirch is honouring those agreements, Giblin said, because penalty costs to get out of them early is greater than the benefit of rebranding the properties.

GLEN KORSTROM/BIV

WESTERN INVESTOR

“Probably within the next five or six years we will have almost all of our hotels as Hiltons and Marriotts,” he explained.

Focusing on two brands instead of one cre-ates flexibility. But narrowing the number of hotel brands from seven to two enables SilverBirch to negotiate better contract terms with Hilton and Marriott.

For example, royalty payments and one-time fees are less for franchisees who operate a dozen Marriotts than for those who own only one.

Giblin said that his company’s investments in its hotels and its intentions to build or buy 17 properties in the next few years under-score SilverBirch’s faith in the Canadian hotel sector.u

39 new hotels

Vancouver Island

Steve Giblin, president of SilverBirch Hotels and Resorts: “we are a patient company and long-term investor.”

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FEATURE SiliverBirch plans to spend $240 million in massive rebranding and construction blitz

Candid conference dissects resort sector

The stakes have seldom been higher as hotel and resort experts prepare

to meet October 3-4 at the Fairmont Waterfront Hotel for the 2012 Western Canadian Hotel and Resort Investment Conference. Top authorities in an indus-try worth $6.4 billion to B.C.’s GDP will examine challenging economic condi-tions, buyer preferences and marketing innovations.

Conference keynote speaker Jason Clemens, a leading public-policy adviser with the Fraser Institute, will provide insight on the “boom-bust” patterns of the commodity-driven market of the western provinces and how this may affect recreational property and tour-ism. Clemens will explain how the tax, spending and trade policies of western governments are key future economic indicators.

Sessions at the conference include: • Western Canadian Real Estate Market:

A revealing look at the hottest market in Canada. Led by John O’Bryan, vice-chairman of CBRE Ltd.;

• Western Canadian Hotel Market: 2011 sales hit $1.2 billion. Who were the buy-ers and what was their motivation? Led by Mark Sparrow, director of hotels, western Canada, CBRE Hotels; and

• Resort and Hotel Financing: Who are the major players and what are their significant investment criteria in this “post-2009” environment? The session is led by Gary Morrison, managing director, Capital Decisions Inc.

NANAIMO & VANCOUVER ISLAND DEVELOPMENT & INVESTMENT OPPORTUNITIES

$ 699,000Asking $699,000Asking

NANAIMO -BEBAN PARK AREA Quiet No-Thru Road near Bowen Road (on Bus Route). R6 Zoning Allows 20 4-Plex Units. Preliminary Layout & Plans Complete. Not Much Work Left to Obtain Dev. Permit. Well Below Assessed Value. Asking $699,000.

Call DAN GRONDIN

VANCOUVER INDUSTRIALVery close to the City - older building of 5808 sq. ft. occupies entire lot. Grade level door, 2 separate offices plus wide open space (except for roof pillars). Owner is currently undertaking environmental one study. Call ROBERT BORDEN

Each Office Is Independently Owned And Operated

COMMERC I A L

Call 250.760.1066NANAIMO - COLLEGE AREA

Development site in the thriving University area. This upscale development of 10 r e s i d e n t i a l l o t s a n d 2 6 l u x u r i o u s townhomes has all the necessary plans, reports & approvals in place. Development permit for construction can commence within a short period of time. Excellent opportunity for small builder!

Call DARWIN MAHLUM for details.

DOWNTOWN CHEMAINUSFOR SALE OR LEASE

RARE Opportunity! Land and building located in the heart of Chemainus (the Central Island�s premier tourist destination).

Call ROBERT BORDEN orSHARON JENSEN for details.

NANAIMO - CENTRAL AREAExcellent redevelopment Property with holding income from existing Hotel. Great location for a strata of�ce complex where current demand exceeds supply. Located right on Highway 19A with excellent rear entrance and only a few blocks from the Regional General Hospital.


WOODGROVE AREAComing Soon!One of the BEST

Multi | Care Facility sites in the north of Nanaimo. Over

9 acres cleared with a gravel loamy base. Close to

many amenities makes this a perfect multi use seniors� village.


ROB BORDEN

ROB BORDEN or

ROB BORDEN

NANAIMO BUSINESSESIt’s time to own your own Property.

3,000 sq. ft. New, Excellent Location, Great Visibility and Access.

Call ROB BORDEN for details.

NEW ROOF

Subscribe1-800-661-6988

www.westerninvestor.com


Vancouver Island

DONE DEALS

Done Deals is our monthly feature highlighting some of the major real estate transactions complet-

ed recently in Western Canada’s vibrant commercial real estate market.

From: NAI Commercial, Vancouver. NAI agents Gary Haukeland and JD Murray report the following sale, after two years of listing:Deal: Waterfront building site zoned for 67 apartments and nine commercial units, Marine Drive, White Rock. Price: $4.5 mil-lion.

From: NAI Commercial, Vancouver. NAI agent Peter Seed sold the following:Deal: 40,000-square-foot medical building with retail outlets on two-acre lot in down-town Kamloops. Capitalization rate at 6 per cent. Price: $6 million.

From: NAI Commercial, Vancouver. NAI

agents Terry Harding and Jackson Tang sold the following, both of which had been owned by the vendors for nearly 50 years. The adjacent buildings sold for exactly the same price to the same buyer. (The price works out to more than $241,000 per “door”).Deals: Two 18-unit rental apartment build-ing, West End, Vancouver. Price: $4.35 mil-lion each.

From: Avison Young Vancouver. Chris Wieser of Avison Young announces the following sale: Deal: 35-unit rental apartment building, Arrowstone Drive, Kamloops. Sold for Viscount Developments Ltd. to Kelsen Investments Ltd. Price: $3.4 million.

From: HQ Real Estate Services, Vancouver. HQ agents David and Mark Goodman announce the following sales:Deal: 13-unit apartment building, Port

Moody. Price: $3.92 million.Deal: 9-unit apartment building, White Rock. Price: $2.29 million.Deal: 81,219-square-foot commercial development site, Fraser Highway, Surrey. Price $3.75 million.

Recently completed a major commercial real estate deal in Western Canada? Send details for a free report here to: [email protected].

Our readers report on recent commercial real estate deals across Western Canada

Development site, South Surrey, sold for $3.75 million.

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Nine-unit apartment building, White Rock, sold for $2.29 million.

40,000-square-foot office/retail build-ing in Kamloops sold for $6 million.

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October 2012 – Western InvestorA done deals / frank / 8 blocks

Photo done deals subject CUTLINE = Development site, South Surrey, sold for $3,75 million.Photo: HQ Realty Ltd.

Photo: done deals cardinalCUTLINE = 40,000-square foot shopping mall in Kamloops sold for $6 million.Photo: NAI Commercial

Photo: done deal whiterockCUTLINE = Nine-unit apartment building, White Rock sold for $2.29 million.Photo: HQ Realty Ltd.

Photo: done deals cardinal CUTLINE = 13-unit apartment building, Port Moody sold for $3.92 million.Photo: HQ Realty Ltd.

Head = Done Deals

Lead – Our readers report on recent commercial real estate sales across Western Canada

Done Deals is our monthly feature highlighting some of the major real estate transactions completed recently in Western Canada’s vibrant commercial real estate market.

From: NAI Commercial, Vancouver. NAI agents Gary Haukeland and JD Murray report the following sale, after two years of listing.Deal: Waterfront building site zoned for 67 apartments and nine commercial units, Marine Drive, White Rock. Price: $4.5 million.NAI agent Peter Seed sold the following:Deal: 40,000-square-foot medical building with retail outlets on two-acre lot in downtown Kamloops. Capitalization rate at 6 per cent. Price: $6 million.NAI agents Terry Harding and Jackson Tang sold the following, both of which had been owned by the vendors for nearly 50 years. The adjacent buildings sold for

exactly the same price. Deal: 18-unit rental apartment building, West End, Vancouver. Price: $4.35 million.Deal: 18-unit rental apartment building, West End, Vancouver. Price: $4.35 million.

From: Avison Young Vancouver. Chris Wieser of Avison Young announces the following sale: Deal: 35-unit rental apartment building, Arrowstone Drive, Kamloops. Sold for Viscount Developments Ltd. to Kelsen Investments Ltd. Price: $3.4 million.

From: HQ Real Estate Services, Vancouver. HQ agents David and Mark Goodman announce the following sales:Deal: 13-unit apartment building, Port Moody. Price: $3.92 million.Deal: 9-unit apartment building, White Rock. Price: $2.29 million.Deal: 81,219-square-foot commercial development site, Fraser Highway, Surrey. Price $3.75 million.

Recently completed a major commercial real estate deal?Send particulars for a free report here to [email protected]

-30-

…Successfully Selling Waterfront & Prestige Properties On Southern Vancouver Island And Gulf Islands Since 1972…

o. 250.388.5882 d. 250.384.0566 t. 855.384.6274 [email protected]

P E T E R N A S Hpeternash.com

bcgulfi slands.comOn-line since 1995

Victoria

Unique opportunity to relax and enjoy your own waterfront investment escape! Relax, rent, or share this spacious 2 level, 2 suite, fully furnished walk on waterfront building. Commer-cially zoned. Great for family, friends, or joint venture. Good cash flow. Partial trades considered.

QUALICUM BEACH HOUSE $995,000

for additional info contact Ian Lindsay & [email protected] • RE/MAX First Realty - Parksville

www.ianlindsay.ca • 1-888-243-1071

of Nanaimo

vaNcouver islaNd commercial

FRANK JOHNSON JAY COUSINS JAY COUSINS JAY COUSINS

www.nanaimoremaxcommercial.com

1-877-335-4380Jay Cousins

[email protected] Johnson

[email protected]

1-877-423-0984Jay cousins realty

FOR SALE• CENTRAL NANAIMO – Almost 2 acres of land fronting on the

Millstone River, next to the Pryde Vista golf course, and a new high quality subdivision on a no thru street. Zoning allows for a single family unit with a suite/carriage house. Fully serviced. $200,000

• MULTIFAMILY DEVELOPMENT SITE - approved for 16 one bedroom units. No Development Cost Charges,, close to downtown Nanaimo with some ocean views. Development permit in place, vendor financing available or joint venture possibilities. $299,900

FOR LEASE OR SALE

• NORTH NANAIMO WAREHOUSE – Newer 12,106 sqft ware-house on a 1 acre paved and fenced yard area. Overhead and dock height loading. Nicely appointed office and showroom plus an additional 990 sqft of mezzanine area. Excellent North Nanaimo location. For lease @ $9.50 per sqft net. For Sale @ $2.2 million

• MULTI-FAMILY RENTAL UNITS – 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 cabinetry, granite countertops, 6 appliances. All bedrooms have a private ensuite with shower and/or tub. $309,900-$349,900

INVESTMENT OPPORTUNITIES• TWO COMMERCIAL STRATA UNITS Nanaimo’s north end –

2,525 total Sq. Ft. in Long Lake Business Park. Blow out price at just of $200 per Sq. Ft. Main level (no stairs) & complex has high visibility on Old Island Highway. Motivated seller says get them gone! $529,000

•5 ACRES INDUSTRIAL ZONED PROPERTY South of Nanaimo, 4,800 Sq. Ft. Steel clad building incl. approx. 400 sq. ft. office. Close to Island Highway, Telus tower on property generates revenue by way of a 30 year lease. Drilled well & septic field yet to be finished $699,000

•½ANACREOFTERRIFICEXPOSURENEARNANAIMO’SBUSIEST THOROUGHFARE 2 Level 4,000 Sq. Ft. building with 3,800 Sq,. Ft. showroom/warehouse, lots of parking & easy access. Industrial zoning has broad uses. 8 Leasable tenant offices/warehouse spaces show good income REDUCED $675,000

• TOFINO COMMERCIAL/RESIDENTIAL BUILDING Located in downtown core with harbour & ocean views. 2 Commercial units on main with long term leases & 3 residential suites above with month-to-month tenancies. 10 parking stalls on site $1,299,000

• PARTLYDEVELOPEDPROPERTYLADYSMITHwith Plans for single family lots, 4-plex lots & section of land currently zoned for townhomes. A lot of work has been done & some infrastructure is already in place. Potential of up to 29 doors $1,600,000

• RARE OCEANFRONT DEVELOPMENT OPPORTUNITY Mid-Vancouver Island. Currently used as an RV Park this walk-on beachfront property has 4 legal parcels, full service RV sites, Tenting/Camping sites, rental cabin, residence etc. Current zon-ing permits RV use as well as resort condominium development, hotel, etc. Initial research suggest a re-zone could allow up to a 30 unit single family development. Upper bench of the property has dramatic views. 100% share sale. $2,995,000

INVESTMENT OPPORTUNITIES• 4-PLEXMULTI-FAMILYPROPERTY INPARKSVILLE Desirable

C3 zoning could allow higher commercial or mixed future uses. Quality tenants in place, exceptional street presence ocean views from upper suites $569,000

• OLD CITY NANAIMO COMMERCIAL WAREHOUSE/OFFICECOMPLEX 11,497 sq. ft. main level plus 6,600 Sq. Ft. mezzanine, dock & grade level doors, paved & fenced yard, easy access, corner location. Zoning will allow multi-res, retail, restaurant, of-fice, but current configuration favours warehouse & related uses $899,000

• GABRIOLA ISLAND WATERFRONT LODGE Includes a turnkey pub/restaurant in a 1 ½ storey rustic log building. 10,000 Sq. Ft. of rooms & dining/eating area. Large deck takes in the gorgeous views. Over 4.9 acres of undeveloped land available for further expansion. Info available. $1,795,000

• LIGHTINDUSTRIALZONEDCOMPLEX–MIDISLAND Excellent revenue opportunity currently generating in excess

of $164,000 annually. Island Highway exposure, easy access, 6 buildings in total, all on 2.88 acres. Current rental rates with vacancies filled will show nearly 8% CAP rate. $1,895,000

BUSINESSES•Children’s Toy & Clothing Consignment Store – Ladysmith $44,900•Franchise Fitness Business South Nanaimo $49,900•Used books / consumer services retail – Nanaimo $59,900•Western Wear & Tack Store – Duncan $95,000 •Seasonal Wreath Business – Qualicum $99,000•Mid-Island Diaper pick-up & delivery Service $119,900•Casual Dining Restaurant North Nanaimo $169,900•Ricky’s All Day Grill – Ladysmith $199,000•Ricky’s All Day Grill – Courtenay $249,900•Sports Retail Clothing & Accessory Store Duncan $249,000•Panago Pizza Franchise Parksville $384,900

INVESTMENT OPPORTUNITIES • PROFESSIONAL STRATA BUILDING CENTRAL

NANAIMO – 975 Sq. Ft. with new A/C, 4 offices plus recep-tion & kitchen/staff area. Quality professional neighbours & available immediately. $149,000

•DOWNTOWN LADYSMITH LANDMARK INVESTMENTPROPERTY 6,000 Sq. Ft. over 2 levels, full renovations in 2005, new roof in 2011, income shows over 7% CAP rate at current occupancy. Quality tenants include upper end retail, MLA office, pilates studio. REDUCED $669,000

•COUNTRY COMMUNITY STORE WITH LAND & BUILDINGS DUNCAN AREA – Over 2 acres of land, ample parking, large storage warehouse & terrific highway exposure. Store special-izes in animal feeds, garden products, groceries, produce & hardware. Inventory to be purchased separately on completion. Information Portfolio. $998,000

• PORT ALBERNIMOTEL COMPLEX 14 Room Motel plus 6 Unit RV Park, 2 level Managers residence, units fully updated, outdoor pool, excellent visibility of highway route to West Coast beaches & resorts, consistent 11% CAP rate $1,195,000

• MOTEL, CAMPGROUND & RV RESORT IN QUALICUM BEACH 7.1 Acres of prime riverfront property includes 36 motel units, 50 RV camp sites, store, office, manager’s suite, 9 cot-tages, 2 swimming pools, waterslide, mini-golf & playground. Healthy profit picture and 11% CAP rage on asking price.. REDUCED $2,985,000

• RE-DEVELOPMENT OPPORTUNITY Existing Alzheimers/dementia care facility w/90 beds plus separate residential home available for conversion to congregate care or rezone to multi-res-idential 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. $4,500,000

A26 Vancouver Island/Business Opportunities OCTOBER 2012 WESTERN INVESTOR

COMMERCIAL OPPORTUNITIES

Wayne Salter 1-800-224-5906 • 250-752-6926 [email protected]

Parksville- Qualicum Beach Realty

Lac Des Roches Waterfront Acreage Sub-Division - Possible Vendor Financing Cariboo Mobile Home Park 100 Mile House Port Hardy Centrally Located Downtown Strip Mall Campbell River Mobile Home Park with excellent Financials Campbell River Strip Mall -- Fully leased -- Excellent Cap Rate!

Vancouver Island oceanfront properties (Yellow Point Area) Private 3+ acre lots, one with a large residence and guest cottage Walk-on waterfront with a private bay and seasonal moorage Priced from $1.5M Trades will be considered for development or income producing

properties in Western Canada

For more info please refer to Pylades Waterfront Retreats at www.platformproperties.ca/properties or call: 604-563-5002 or email: [email protected]

Waterfront Retreat

For Sale or Trade Stunning Waterfront Acreages

703 FLOATPLANE OPERATIONLocated on the British Columbia coast, this fl oatplane operation is an established, profi table and well-situated business with an excellent asset base. Domestic and International Licenses, share sale. $1,350,000

OCEAN VIEW CABINS, ALERT BAY12 free-standing cabins in immaculate condition, separate manager accommodations, adjacent to airstrip. Minutes from superb fi shing, wildlife & unlimited adventure. Great views of the Broughton Archipelago. $1,050,000

PORT ALICE RENTAL COMPLEX7-unit building across from the marina and boat launch and just a short walk from local amenities. Low maintenance building, currently vacant. In Port Alice, on Vancouver Island’s west coast. $270,000

CAMPBELL RIVER AIRPORTExciting opportunity for an aviation related business. 50x50’ hangar, an attached 20x24’shop, a 2bdrm suite and an offi ce/reception area. 1.119 acre city-lease property with ample parking and outside storage. $250,000

Ed: 250-287-0011 • Shelley: 250-830-4435 Toll Free: [email protected] & [email protected]

Specializing in Unique Coastal Real Estate in British Columbia& SHELLEY MCKAY

www.bcoceanfront.com

ED HANDJA PERSONAL REAL ESTATE CORP.

Your BC Oceanfront Team

OCEAN VIEW CABINS, ALERT BAY

Business Is Better On Vancouver Island

Business Opportunities ESTABLISHED PLUMBING AND HEATING BUSINESS—Nanaimo $ 175,000

SEWING MACHINE AND QUILTING RETAIL BUSINESS—Nanaimo $ 180,000

AWARD-WINNING KITCHEN AND BATH BUSINESS—Sidney $ 149,000

JUMPING JIMINY’S PLAYLAND AND CAFÉ—Nanaimo $ 399,000 Well known children’s entertainment business

ESTABLISHED HOTEL AND PUB—Port Alberni $ 439,000

ESTABLISHED PLUMBING AND HEATING BUSINESS—Nanaimo $ 495,000 On 7,560 sq ft lot with 1,300 sq ft building

WHOLESALE DISTRIBUTOR BUSINESS ONLY—West Coast $ 549,000

WHOLESALE DISTRIBUTOR—West Coast $1,295,000 On 1.039 acres with 7,320 sq ft building

LIQUOR STORE IN LEASED PREMISES—South Vancouver Island $1,500,000

FRANCHISED MOVING AND STORAGE CO.—Central Vancouver Island $2,550,000

LIQUOR STORE WITH LAND AND BUILDINGS—Port Alberni $2,600,000 With Commercial Tenant

Featured Listings Business Opportunity

Established Inn with 41 rooms located in Campbell River. Shows strong positive growth and cash flow over the last five years.

Offered for sale at $3,500,000 Investment Property

Located in Coombs, this 18.81 acre site on the Alberni Hwy includes a mobile home park and commercial lease revenue. Well priced at a 9% cap rate.

Offered for sale at $2,475,000 Business Opportunity

Located in downtown Port Alberni. Price includes rental equipment, inventory, parts, goodwill and land and building

Offered for sale at $1,900,000 Family Restaurant and Pub

Located on scenic oceanfront property near Campbell River. Features patio seating overlooking the ocean and banquet room.

Offered for sale at $219,000 Heavy Industrial Property $2,000,000

Located at Duke Point in Nanaimo, this 5 acre site is paved and fenced and includes an approximately 18,000 sq ft building. Green Rock Industrial Park

24 Light Industrial lots, of which 7 remain, in prime Nanaimo Location 9,710 to 59,376 sq ft Excellent highway access and “Green” construction. $199,000 to $834,000

Tel: 1 800 769 5757 www.dtznanaimo.com

Gerry Van Vaals Personal Real Estate Corporation DTZ Barnicke Nanaimo Ltd. [email protected]

For Sale 2.05 Acre Prime Development Site - North Nanaimo $2,595,000 On Old Island Highway adjacent to Long Lake.

3.95 Acre Ocean Front Resort—Tofino $2,495,000 Zoned C-5 Tourist Commercial. Property includes 40 room lodge.

Light Industrial Land and Buildings - Chemainus $1,995,000 3.83 acres with 5 buildings on site.

253 Acre Development Property - Sproat Lake Area $1,700,000

Commercial Land and Building - Downtown Parksville $1,495,000 0.85 acre with 3,870 sq ft building on Island Highway.

New Light Industrial Building - Comox $ 855,000 5,200 sq ft on Shamrock Place.

Strata Commercial Unit - Central Nanaimo $ 849,000 4,417 sq ft office with 12 offices, boardroom, reception and lunchroom.

Partially Constructed Commercial Development - Nanaimo $ 775,000 Ample parking and high exposure, zoned COR-2.

Commercial Re-Development Property - Downtown Nanaimo $ 655,000 2 legal lots on Victoria Crescent with 4,900 sq ft building.

3.46 Acre Light Industrial Property - South Nanaimo $ 549,000

1.2 Acre Residential Development Site - South Nanaimo $ 475,000

Residential Development Property - Nanaimo $ 319,000 4.88 acre property near the Nanaimo Parkway.

Commercial Land and Building Zoned I1 - Nanaimo $ 319,000 7,560 sq ft lot with 1,350 sq ft building plus room for expansion.

Commercial Property Zoned COR-3 - Nanaimo $ 299,000 2 lots on Kerrisdale Road totaling 19,600 sq ft.

Commercial Property Zoned COR-3 - Nanaimo $ 224,000 9,800 sq ft lot with 1,037 sq ft office off Bowen Road.

Hangar Building and Office - Campbell River Regional Airport $ 199,000

Light Industrial Strata Unit - Central Nanaimo Call for Details Large warehouse with appointed office space.

Restaurant FOR LEASE:

AVAILABLE IMMEDIATELY:- Fully furnished/equipped restaurant/

bistro/cafe - Located on beautiful Mayne Island, BC. - Tastefully decorated with a warm and inviting atmosphere and existing

client base. - Located in elegant arts and crafts

Fernhill Centre.

For more information contact: DIANA 604-221-6247

AVAILABLE IMMEDIATELY:

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Vancouver Island A27

Victoria developer offers “equity mortgage” League Financial Partners is building

the tallest tower on Vancouver Island at Colwood, but it is plans for a new kind of mortgage for condo buyers that’s raised eyebrows.

League Financial CEO Adam Gant said the company’s equity mortgage program will offer customers a larger down payment in order to avoid insurance premiums and reduce their debt.

“We’ve created a whole new kind of mort-gage,” he said. “The equity mortgage is the next revolution in home-purchase financ-ing.”

Homebuyers will need 10 per cent of the purchasing price, but League Financial will then loan them an additional 10 to 25 per cent in order to qualify for a 65 to 80 per cent conventional mortgage.

The mortgage program is designed to allow buyers to avoid mortgage insurance premiums from the Canadian Mortgage and Housing Corp. (CMHC) and qualifies them for a 30-year amortization period.

New mortgage rules in Canada, announced in June, reduced the amortization period from 30 to 25 years for government-insured mortgages.

Gant said League’s equity mortgage results in monthly payments up to 40 per cent lower than a CMHC-insured 25-year mortgage because no payment of interest or principle is required.

Phase 1 construction, mostly retail space,

Towering commercial sales best B.C. record Investors snapped up $1.42 billion worth of B.C. commer-

cial real estate in the first half of this year, shattering a record set in 2010, with unit sales flirting with an all-time record as well.

“With 63 transactions completed in the first six months of 2012 alone, the number of deals that will close this year is also likely to surpass the previous annual record of 99, set in 2010,” reported Avison Young.

Most of the action is in the downtown office sector. Deals included the $401 million acquisition of the Bentall V office tower, $115 million paid for a 50 per cent interest in the office buildings at 401 West Georgia, and 800 Burrard Street.

Other top deals: the $100 million sale of the Plaza at New Westminster Station (a retail centre) and the $81.3 million pur-chase of the Modalink Distribution Hub industrial portfolio.

“The record level of investment in B.C. commercial real estate during the first half of 2012 is testimony to the stability, strength and desirability of our market,” said Michael Keenan, principal and managing director of Avison Young’s Vancouver office. “We are attractive to all types of investors – private, institutional, public companies and REITs – and activity is limited only by the supply of available product.”

More than $700 million was invested in office buildings in the first half of 2012 compared with $499 million invested in all of 2011. The retail sector saw 30 transactions totalling $498 million in the same six-month period.

The lack of available quality industrial product remains a primary characteristic of the Metro Vancouver commercial real estate market. While an industrial sales dollar volume of $215 million in the first half of 2012 surpassed industrial sales totals in the first and second halves of 2011, the deals made up only 15 per cent of overall sales volume and 26 per cent of transactions.

The multi-family sector saw 18 apartment-building transactions in the first half of 2012 with a total value of $331.5 million compared with 15 transactions valued at $139 million in the second half of 2011 and 20 deals totalling approximately $238 million in the first half of 2011, Avison Young reports.

is well underway and will be built out over the next five years at an estimated value of about $250 million.

Housing will include a 27-storey residen-tial tower of 208 condos with prices starting at $270,000.

Evergreen Line seeks bids The B.C. government has released the

latest tender for work that will lay the groundwork for major construction of the $1.4 billion Evergreen Line in the north-east corner of Metro Vancouver.

Three light-industrial buildings will be modified to accommodate construction of the Evergreen Line guideway along the railway tracks in Port Moody. Work is anticipated to begin after the contract is awarded in fall 2012 and will be completed in early 2013. It is anticipated there will be minimal disruption in traffic, and businesses in the vicinity will be notified in advance if required.

The Evergreen Line will open in summer 2016, providing rapid transit for Coquitlam and Port Moody.

Vancouver home sales plunge August, like March, is seen as a bell-

wether month for housing sales, so the plunge in Vancouver-area sales last month may be a harbinger of a chilly fall ahead for realtors. With more than 17,500 homes on the market, less than 10 per cent are selling each month.

The Real Estate Board of Greater Vancouver (REBGV) reports total housing sales reached 1,649 in August, down 30.7

Sale of half-interest in 401 West Georgia among big deals.

Phot

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Ins

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per cent compared with August of last year and 21.4 per cent compared with July 2012.

August sales were the second-lowest total for the month in the region since 1998 and 39.2 per cent below the 10-year August sales average of 2,711.

“Home sales this summer have been lower than we’ve seen for most of the past 10

W h aT ’ s h a p p e n i n g i n

British Columbia

years, yet we continue to see relative stabil-ity when it comes to prices,” said REBGV president Eugen Klein.

The board’s Housing Price Index compos-ite benchmark price for all residential prop-erties in Greater Vancouver is $609,500.

The benchmark price for detached prop-erties is now $942,100.u

www.robsamsom.caRE/MAX Ocean Pacific Realty

Rob Samsom AACI CCIM FRIPersonal real estate CorPoration

1-888-829-7205

VAnCouVeR ISlAnd Comox Valley

• RETAIL/OFFICE/LIGHTINDUSTRIALSPACES FOR LEASE $6.00–14.00/sqft

• PRIVATEOCEANVIEW2.39ACRE High density multi-family site �� $2,200,000

• 20.5AC – 1685 sq ft home� 10,000 sq ft of greenhouses & mobile ��$584,900

• 49.7ACmOSTLyTREED,large home, barn & portable sawmill�......................$650,000

•3300+SQFTINCOURTENAyRetail/Office/Warehouse (Strata).......$275,000

• 7UNITAPT.bUILDING,Central Comox ��$799,000

• .71ACLOWRISEAPTSITE......$850,000

• 3,000SQFTRETAILbUILDINGOn ½ ac, Courtenay �� $925,000 NOW$799,000

• 1½acOFGREENHOUSES on 6�5 ac Campbell River....................... $1,500,000

• KINGFISHERRESORT. 600 sq ft units� ��$229,500eachSpectacularoceanfront

• HIGH-ENDWILDERNESSRESORT.Forbidden Plateau �� $2,395,000

* 1,213 square feet* 3 year term expiring March 31, 2015* Triple net income $12,736.44* Grade level loading* 12’clear ceiling heights* Return per year – 4.5%

1322 - 1334 Adanac Street, VancouverTwo Homes Zoned I-2 with Rear Yard

* Entire site surrounded by high security fencing

* 1322 Adanac St is improved with a 735 sq. ft. 2 bedroom single story home with low height storage beneath

* 1334 Adanac St is a 2 level home improved with 980 sq. ft. on each floor. Each level has separate kitchen facilities and living area. The upper floor has 3 bedrooms while the main floor has 2 bedrooms

* Either building can be converted into office space with yard storage.

Asking Price: 1322 Adanac St. - $669,000 • 1334 Adanac St. - $829,000

#104-4238 Lozells Avenue, BurnabyLocated between the Trans-Canada & Lougheed Highways in Burnaby

* 2,040 square feet* 3 year term - lease expires

August 31, 2015* Triple net income—$23,807* Main floor showroom / warehouse* Second floor office with air

conditioning.

#114-408 East Kent Avenue South, VancouverForeshore Business Park

Asking Price: $459,000Asking Price: $285,000

*PETER HALL / *CHRIS DAVIES - RE/MAX CENTRAL*Personal Real Estate Corporation

www.davies-hall.com

For Further Information, Please Contact:

PETER HALL / CHRIS DAVIES Telephone: (604) 718-7300 Facsimile: (604) 718-7307 E-Mail: [email protected]


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

RAY YENKANA CCIM, ABR

[email protected]

www.rayyenkana.com (listing details)Follow me on Twitter @rayyenkana

RE/MAX LITTLE OAK REALTY

“LOOKING FOR SOME HELP IN STARTING OR

EXPANDING YOUR INVESTMENT PORTFOLIO,

LETS CHAT, COFFEE ON ME.”

• Fort St John, Investment opportunity. Well kept up, l ight Industr ia l bui ld ing in Prospect Park close to Highway. 5 bays, offices on main and above with lunch room. Fenced yard with stor-age sheds. $1.1 Million .

• Say goodbye to your boss, and come own this turnkey biz in Abbotsford. Auto Body biz for sale. $159,000

• 4000 sq ft Light Industrial newer (2007) building in Dawson Creek, BC.

DEVELOPMENT SITES Coquitlam near Burquitlam Skytrain Station! .91

Acre 820 metres from station. Holding Income from active business. Exclusive Listing.

DAVID KEARNEY [email protected] Toll Free: 1-888-942-0606RE/MAX SABRE REALTY

COMMERCIAL BUYER/TENANT REPRESENTATION

RETAIL STORES FOR SALE

2570 Kingsway Ave in Port Coquitlam - presently a restaurant. Property only for sale not the business – don’t ask for business numbers please. 748 Sq. Ft. $309,900 CLS#: V4030490

RETAIL STORE FOR SALE 2568 Kingsway Ave in Port Coquitlam – presen t l y a

convenience store. Property only for sale not the business – don’t ask for business numbers please. 821 Sq. Ft. $339,900 CLS#: V4030247

Call or email David

Call or email David

Call or email David

Call or email David

An ideal opportunity for any individual, family, or group purchaser. This working cattle ranch also prvides a private year round playground that may be coupled with a significant bed and breakfast busi-ness. Go hunting, fishing, hiking or horseback riding for miles on trails suitable for ATV’s in summer and snowmobiles or cross country skiing in winter. Snowboard and ski the ranches own private downhill run. Currently set up to raise 250 to 300 head of cattle this ranch is Located just off HWY 97, 20 min-utes South of Quesnel B.C. The 768 acre property has 5 titles plus approximately 3000 acres of attached range lease with water licence for irrigation. Beautifully finished and landscaped the 10 yr old 1730 Sq. Ft. ranch house has a panoramic view of the Fraser River Valley. Also included a 1400 sq. ft. cabinet shop, a 24’x40’mechanic shop, a 2880 sq. ft. machine shed, a bunk house, a 3 yr old 72’x80’ hay barn, and a large older log barn for cattle and 100 tons of hay. Excellent value! Offered at $960,000 Call or email [email protected] for additional pictures.

RE/MAX TREELANDCALL ROY MUFFORD 604-533-3491

SPECTACULAR VIEW 36.4 ACRE PROPERTY – ABBOTSFORD One 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

An ideal opportunity for any individual, family, or group purchaser. This working cattle ranch also

768 ACRE 5 TITLE CATTLE RANCH AND PLAYGROUND

I N D U S T R I A L FOR LEASE#64 - 1833 Coast Meridian Rd Port Coquitlam15 0 0 s f i n c l u d e s showroom, offices and

warehouse. Perfect for electrician, plumber, mechanical contractor $1700.00 / month! CLS# (V4031960) Call or email David

CLAYTON INVESTMENT PROPERTY

Clayton OCP 2.548 Acres – non ALR “Suburban” Designation – City Water

No Creeks/Easements. Ex 3 bdrm Rancher & Horse Barn to Rent. $1,398,000

Call MERCIA MCKITRICK at 604-533-3491 [email protected]

RE/MAX TREELAND

western investor october 2012 section a

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