western investor october 2012 section b

FOR SALESpectacular, architecturally designed, 52,000 sq ft concrete structure with

highway frontage on 73 acres, 45 minutes southwest of the Edmonton Airport

and 6 minutes from the city of Camrose. Originally designed as a world class

equestrian facility. At this stage of construction, this building has the potential

for a number of commercial applications. Offered at $2,900,000. Two

additional parcels, including 160 acres of farmland, and house and shop on 80

acres, are available. See MLS® CA311538

Call Bob Affleck, Realtor 780-608-9170

www.coldwellbanker.ca

Coldwell Banker Battle River Realty4802 49 St, Camrose, AB T4V 1M9Office: 780-672-7761

Each office is independently owned and operated

$4.29 october 2012 Vol. 27/issue 10INTERIOR B.C. • ALBERTA • SASKATCHEWAN • MANITOBA SECTION

COMMERCIAL REAL ESTATE, FRANCHISES AND BUSINESS OPPORTUNITIES

news archives reports updateswesterninvestor.com

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Publications Mail agreeMent 40069240

12 NEXT FORT MAC Cold Lake’s soaring land values echo $2B oil play

3 WHAT’S INSIDE7 TERRACE ON THE MOVE15 FORT SASKATCHEWAN

21 ALBERTA REPORT23 SASKATCHEWAN 27 FRANCHISE NEWS

WORTH FIGHTING FOR Sgt. Kelly Turcotte joins 500 Rangers in military exercisesat Churchill 25

B2 Interior British Columbia www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

KOOTENAYLAKEVILLAGE An Investment Opportunity Like No Other

Live in Nature.Play in Nature.

Oliver [email protected]

Kootenay Lake Village, one of the most acclaimed real estate projects in BC, is seeking investor and partner opportunities to help build on its success and maximize future opportunities.

OKANAGAN GOLF COURSEMature, profitable 18 hole course;

50+ acres with clubhouse, restaurant & lounge.Surplus development land

List Price: $6,900,000M. McAnerney* / J. HudSon*

DOWNTOWN KELOWNA(MULTi TENANT)

10,480 sf, single story building. Zoning allows for 12 stories. 6 tenant spaces.

List Price: $1,450,000 ($138 psf)Jeff HudSon* / M. McAnerney*

955 TiMMiNS ST, PENTiCTON108,000 sq ft warehouse w/existing stor-

age business income. Centrally located amid multiple redevelopment opportunities. Adjacent

Canadian Tire, oK College & Kings ParkList Price: $5,950,000

MiKe GeddeS*

FULLy LEASED iNDUSTRiAL STRATA UNiT

new 5 year lease in place.CAP rate 6.5%. 8 year old building.

List Price: $1,013,000CHAd BiAfore / M. McAnerney*

OKANAGAN iNCOME PROPERTyfully leased including government

tenant. 7.16% CAP rateList Price: $1,899,000

J. HudSon* / M. McAnerney*

RESTAURANT OPPORTUNiTy

Modern, upscale restaurant & lounge with outdoor patio,

located in the Lower Mission area of Kelowna. near resorts and recreation amenities.

List Price: $949,000

MeGHAn o’MArA / eriC WeBer*

DOG & CAT KENNELNorth Okanagan

Well established kennel, grooming centre & training facility with agility yard on 7.26 acres w/ hwy frontage. Potential for horse boarding & additonal out buildings. newer 3 bd/ 2 bath

residence (1,500 sf).

List Price: $900,000JAMeS BroWn

Colliers InternationalCentre GroupCommercial RealtyKelowna, B.C.250.763.2300 www.colliers.com/kelowna

Colliers InternationalCentre Group Real Estate ServicesKamloops, B.C.250.372.7000

3500 – 27th Street, Vernon3.1 acres / 24,000 sf building located on a

high traffic corner.List Price: $5,600,000

CHAd BiAfore

NEW LISTINGNEW LISTING

*Personal Real Estate Corp.

Kam K. Sahota 604-614-1015 1-888-355-6771 [email protected]

Houston BC• Pleasant Valley Motel - 51 units with leased

restaurant • Houston Motor Inn - 54 units with a restaurant

& 18 site RV parking area

INTERIOR MOTELS• Double D Motel - 16 1 bdrm units plus a

managers suite $585,000

Merritt BC

Call for packages and informationKamKSahota.com

Showplace Realty Ltd.

1. Towing Company, in business for years, new equipment, BCAA & ICBC contracts, makes excellent return.

2. Mechanical business, over 20yrs strong, up to date equipment, includes EVERYTHING, make $$ first day.

3. Over 2 ac Hwy 3 frontage, nearly 7000 sqft building, excellent value, 2 bdrm suite, recent construction.

Take your pick - Buy any 1 or All 3. Owner May FinanceDoug Haayer 250-295-1585 [email protected]

www.doughaayerproperties.com

Profitable BC Interior Business!!

Princeton Realty

TREV MANZUIK 250-833-8771OFFICE: 250-832-7051

TF: 1-888-676-2435RE/MAX Shuswap Realty

Salmon Arm, BC

SHUSWAP LAKE#21 - 4354 Copper Cove rd, SCotCh Creek BC Spectacular view of Copper Island and the Shuswap Lake.Property has been extensively renovated with an open concept on the upper level. The basement has been fully finished with a Sauna and set up for a small business.Property offers privacy,quietness lots of room for your toys on the 1+ Acre.The enclosed Sunroom is equipped with a Hot Tub for your relaxation.Easy access to the water via the cable lift or enjoy a short walk to the Beach and enjoy the amenities of the strata.MLS 10042806 $949,000

305 - ShuSwap ChaSe Creek rd ChaSe BCFantastic valley & river views! Overlooking the South Thompson River, this executive home 13 acres allows for country living & ultimate privacy, yet it’s just minutes from Chase and 45 minutes from Kamloops. This south facing, level entry 4-bedroom, 3-bathroom home has a large open kitchen, dining & living room, all boasting panoramic views. Huge master suite with gas fireplace, deck, luxurious 6 piece ensuite bathroom & walk-in closet. Bright walk-out basement with 2 large bedrooms, spacious family room, full bathroom, & plenty of s t o r a g e . K A D R E A 109508 $679,000

See all my Listings on okanaganshuswap.com

KAMLOOPS, BC & AREA• Future Mobile Home Park - Clearwater, BC – 15

ac + 2.7 ac, Hwy Comm. Reduced to $224,900

• Investors – Great Potential – 5 unit mini mall + ¾ bsmt partly finished w/ bachelor suite, & extra lot to expand. All on hwy frontage in Barriere, BC. Reduced to $349,900

• U-BREW Business – Great little bus, owner retiring. Only U-Brew in the area – Chase, BC. Excellent community to work & live in. Business has won many awards. Incl: busi-ness, equipment, leasehold, improvements. $119,900

• Kamloops city center building for sale – Approx. 2133 sq.ft. on the main floor plus full basement. $550,000

• 14 unit motel – Clearwater, BC – 8 attached units + 6 separate cabins, plus office with owners’ suite. On 3.26 acres along river channel. Buildings are in great condition. Monthly rentals plus daily summer rentals. $549,900

• Trucking – Cartage Business: Over 40 years in business. Price includes 7 trucks, forklift, storage containers, office, 2.07 acres & business. $480,000

ACREAGEs & BUIldInG loTs • Prestige subdivision, sweeping view lot – Aberdeen

$299,000

• Lakeview Shuswap Lk. Eagle Bay – 1 acre lot – hook-up for water, power at road Reduced to $115,900

ATTEnTIon BUIldInG ConTRACToRs – ongoing develop-ment w/premium residential lots – some approved w/suites, some w/views. Kamloops, BC starting at $135,000

Call MARVIN [email protected] REALTY LTD.

www.realestatekamloops.ca

BUSINESS AND INVESTMENT OPPORTUNITIES

• 130 Acres Industrial Property – Hwy & Rail Access $995,000

• Commercial Lot Cache Creek – 306 ft. Hwy frontage $179,000

• Well known franchise – home cleaning business. $90,000

• Kamloops – 6100 sf bldg. Large yard $995,000

• Kamloops – 2 Tenants – 8.5% Cap $450,000

• Cache Creek – Hwy Frontage – Secure Yard $369,000

COMMERCIAL BUILDINGS

DwIGhT VOSphone: (250) 554-4511

toll free: 1-866-456-0577 Best-West Realty ltd. kamlOOPs

email: [email protected]


HIGH EXPOSURE, CENTRAL LOCATION & GORGEOUS BUILDING

Turn-key retail space available with 1,500 - 3,000 square feet. This unit already has a retail showroom, warehouse space, a rear overhead door and a 2-piece washroom.

Asking: $19.00 psf plus CAM MLS®

0.63 ACRES COMMERCIAL DEVELOP-MENT LAND - WEST KELOWNA, B.C.May be possible to purchase 1.26 acres. This bare land development piece can

accommodate numerous commercial retail and professional uses. There are already

multiple neighbouring national tenants.Asking: $529,900 + HST MLS®

NEW TILT UP INDUSTRIAL BUILDING 1,569 - 7,295 SQUARE FEET

Lease Space on McCurdy Road. Air conditioning, gas fire, forced air, electric,

200 amp., 3-phase power all available.


INDUSTRIAL LOCATION ON BUSYROSS ROAD IN WEST KELOWNA

Approx. 4,600 square feet in a multiple tenant industrial building available for lease.

This unit also comes with approx. 1/2 an acre of bare land suitable for

outdoor storage.Asking: $9.00 psf plus CAM MLS®

RARE, NEW FEE SIMPLE MIXED BUILDING+/- 6,581 SF - 6 STRATA UNITS

Newly constructed corner fee simple mixed use building is completed. 3 residential and

3 commercial strata units.

Full Building: $2,000,000 plus HSTCommercial Only: $1,200,000 plus HST

APPROXIMATELY 115.68 ACRESLAND ASSEMBLY IN NORTH GLEN-

MORE/UNIVERSITY DISTRICT

Minutes from Kelowna’s International Airport. One side abuts golf course in Quail

Ridge. Gravel Pit is a permitted use!

70.80 Acres - Lot D $4,766,800 15.63 Acres - Lot 1 $1,161,000 11.62 Acres - Lot 9 $ 849,000 9.10 Acres - Lot 10 $ 682,500 8.98 Acres - Lot 8 $ 673,500

This assembly comprises 5 lots that can be purchased individually or as a complete

package.

Asking: $8,132,800.00 MLS®

COURT ORDERED SALERECREATIONAL DEVELOPMENT SITE

Listed at half of a recent appraisal. Approx. 7.05 acres with highway exposure. Pos-

sible to rezone to light industrial. This site has been terraced with a significant amount

of on-site servicing already in place.Asking: $1,595,000.00 MLS®

HIGH EXPOSURE - CENTRAL KELOWNA1.78 ACRES PRIME DEVELOPMENT

LANDLocated at the corner of Spall Road and Enterprise Way lending itself to be one of the best undeveloped commercial pieces

left in Kelowna.Asking: $3,999,000.00 plus HST MLS®

KELOWNA DEVELOPMENT SITEWITH C2 ZONING POTENTIAL

Approx. 1.13 acre corner development site. Existing plans call for approx. 13,244

square feet of rentable space. This opportunity is in an area with next to no

professional office space.Asking: $1,600,000.00 plus HST Exclusive

INVESTOR ALERT - AAA NATIONAL TENANT IN PLACE

Industrial strata unit with approx. 1,282 square feet and new improvements in

place. Priced below assessed value and a AAA Tenant with a lease in place for over 4

more years!Asking: $189,900.00 MLS®

May be possible to purchase 1.26 acres. This bare land development piece can

accommodate numerous commercial retail and professional uses. There are already

multiple neighbouring national tenants.Asking: $529,900 + HST MLS®

Lease Space on McCurdy Road. Air conditioning, gas fire, forced air, electric,

200 amp., 3-phase power all available.


tenant industrial building available for lease.

Airport. One side abuts golf course in Quail

70.80 Acres - Lot D 15.63 Acres - Lot 1 11.62 Acres - Lot 9 9.10 Acres - Lot 10 8.98 Acres - Lot 8

McLAUGHLIN COMMERCIAL GROUPCOMMERCIAL REAL ESTATE PORTFOLIOS

RE/MAX Kelowna - #100 - 1553 Harvey Avenue, Kelowna, BC, V1Y 6G1www.CommercialBC.com

KRIS McLAUGHLINKEN McLAUGHLIN250.870.7845

[email protected]@commercialbc.com

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

interior b.c. • alberta • saskatchewan • manitoba section contents october 2012

FEATURES25 ON THE COVER Good and bad news in Churchill Less ice for shippers, but wheat flow could slow at port

7 Terrace plays central role in northern boom Major Vancouver retail developer spots an opportunity

12 Cold Lake starts to act like Fort McMurray Soaring land values, higher rents and a $2 billion oil play

15 Fort Saskatchewan “a better deal” Land prices and taxes lower than in Edmonton

COLUMNS21 WHAT’S HAPPENING IN ALBERTA23 WHAT’S HAPPENING IN SASKATCHEWAN27 FRANCHISE NEWS

On the coverRanger sergeant Kelly Turcotte on duty near Churchill:port fears end of wheat board may stifle shippping.Photo: Corporal Tina Gillies

2–11 iNTERiOR/NORTHERN b.C. 12–22 ALbERTA 23–26 sAskATCHEwAN & mANiTObA 27 FRANCHisEs

MoRE oPPoRTuNITIES …• LOwER mAiNLANd, b.C. • VANCOuVER isLANd

… sEE sECTiON A

AdvERTISING dIRECToRyLIFESTYLE PROPERTIESs P E C i A L s E C T i O N • A 1 4

B4 Interior British Columbia www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORWESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Interior British Columbia B5

Mona M. Murray Dip. ULE, RI (BC), CPM250-372-2277 [email protected]

www.mcmrealestate.ca

1274 McGill Road FOR LEASE

Owner looking to add a second building to this very desirable location in Southgate Industrial Park – up to 80,000 sq.ft.

Are you looking to relocate or expand into Kamloops? Continuing growth in mining and exploration are contributing to economic growth in Kamloops.

Call for more details.

Build To Suit

OK ANAGAN – B.C . INTERIOR I N V E S T M E N T O P P O R T U N I T I E S

VADIM KOBASEWC O M M E R C I A L R E A L E S TAT E S P E C I A L I S T

250-492-2233 / 1-800-567-6770RE/MAX FRONT STREET REALTY, PENTICTON, B.C.

MOBILE HOME PARK - NORTH OKANAGAN• 65 Sites • Situated On 22.88 Acres • Community Water

• Full Occupancy Last 20 Years • Close to all Amenities • Same Owner 30+ Years• OCP Allows Future Redevelopment Potential • Shows 6.0% Return

Asking Price $3,500,000

• 2.71 Acres• Room for Expansion• High Exposure Location• 262 Units plus 81 Storage Containers• Manager's Residence• B.C. Top 10 U-Haul location• Gross $495,000 +/- • Excellent Net Income• Seller may carry fi rst mortgage

Option 1 Business Only Lease Land 9.5% Rate of Return Price $1,899,000

Option 2 Business plus Land & Buildings 7.7% Rate of Return Price $4,199,000

VERNON SELF STORAGE BUSINESS OPPORTUNITYYOUR CHOICE OF TWO PURCHASE OPTIONS

CHRISTINA LAKE CAMPGROUNDMOTIVATED SELLER

• 75 Sites with Full & Partial Services• 4.91 Acre Nicely Treed Property• Close to large public beach• Easy access off Highway 3• Full facilities including pool• Operates May 1 to September 15• Perfect for semi retired couple• First time on market in over 20 years

Asking Price $599,000

INDUSTRIAL BUILDING - PENTICTON - FOR SALE OR LEASE• .89 Acre site• 16,000 +/- Sq. Ft Concrete Building• 824 Sq. Ft. Offi ce Area• 3 - 16 Ft. High Overhead Doors• 2 Enclosed Loading Docks• Fully Fenced Yard

Asking Price $1,599,000

DEVELOPMENT SITEGRAND FORKS

• 2.0 Acre Level Site

• Zoned for single familyor duplex lots

• Civil engineering done for 9 lot single family subdivision

Price $299,000

Great mobile home park potential In Midway, B.C., minutes from the US border.

This property is located on the Kettle River

with over a kilometer of riverfront in a beautiful

east to west running valley. 45+/- acres comes

with a modern 6,000 square foot office building.

Make offer

Contact Quintin @ 406-375-4280

or email [email protected]

1-800-317-1118 or 1-250-549-7050www.okanaganhomes.com

Fax: [email protected]

5603 27 St., Vernon, BC V1T 8Z5

Priscilla & co.Re/Max Vernon

vernon & areaTraDeS ConSIDereD on SeLeCT ProPerTIeS

GarDen CenTer/nUrSerY/HorSe SeT-UP In heart of Coldstream Valley! Turn key operation! Steady Growth! Equipment, automated Green house, vehicles, updated home w/suite & office. 20 level prime, productive, irrigated acres. Buildings and paddocks for your horses! $1,249,000 MLS®

oKanaGan ranCH-DeveLoPMenT PoTenTIaL 681 acre Ranch (or potential development) 20 minutes from Kelowna International Airport & City of Vernon. Adjacent to world class Predator Ridge Golf Course and Sparkling Hills International Resort. Rolling, open and treed land w/some stunning Kalamalka Lake views. 180 acres out of ALR. $6,495,000 MLS®

DoWnToWn CoMMerCIaL BUILDInG Prime downtown location by Court house, new law offices, new library! 6630 sq.ft on one level. Easily demised interior. Secure under ground parking. Easy access. $1,695,000 MLS®ServICe CoMMerCIaL Level .9 acre and 10,900.sq.ft. building-currently in 4 units. Easily adapted. Fenced compound. Highway and side street access and exposure. PRIME, fast growing location by Mall and new office complex. $1,290,000 MLS®

GeneraL InDUSTrIaL 2.98 level acres at junction of Highway 97 and 97A. High Visibility! Easy frontage road access. Rail access. Ideal for Manufacturing. $849,000 MLS®

HIGHWaY ToUrIST CoMMerCIaL High Highway visibility. Easy frontage road access. .45 acre and 2 storey 5446 sqft. concrete building. Owner’s suite above. Busy neighbourhood of car/boat/RV dealerships and bulk service stations. $489,000 MLS®

C4 ProPerTY Ideal for coffee shop, gift shop, retail, professional services! High visibility on main street. Easy access from side street. On site paved parking. Renovated home w/walk-in cooler $399,900 MLS®CoLDSTreaM orCHarD One of Valley’s finest! 18 nearly level acres in full production. Newest apple varieties Fully deer fenced. Automated irrigation. Deluxe shops and storage facilities. 4 bedroom home w/nanny suite, pool, hot tub set in manicured grounds. Creek. Walk to schools and beach. $2,680,000 MLS®

OKANAGAN LAKESHORE ! KALAMALKA AND OKANAGAN LAKES – HOMES, LOTS, STRATA AND VACATION HOMES! TIME TO BUY IS NOW! ASK FOR YOUR CUSTOMIZED EMAIL PACKAGE!

B4 Interior British Columbia www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORWESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Interior British Columbia B5

• Sales • Leasing • Investment • Business • Consulting Experience is the Difference!Gary BowkerGary Bowker Tim Down Ed LugossyEd Lugossy Bill Raine

COMMERCIAL DIVISION

250-763-43431-888-535-6962

Horizon Realty Kelowna

www.bccommerciallands.com

Japanese Restaurant Newer small restaurant in theheart of Glenmore. Great exposure in primarily residen-tial area with little competition. Current use is Japa-nese. washrooms, nice decor. Must be sold. $60,000MLS® 10050440

Great Opportunity To lease space. Formerrestaurant site. Great traffi c on Main Streetin the heart of West Kelowna downtownarea. Currently vacant, easy to show.Some equipment available. $1750/month MLS® 10051927

Prominent Lease Space Prime Hwy 97 Nlocation. Very busy mall in heart of LakeCountry. $13.00 per sq ft MLS® 10053004

BILL RAINE [email protected]

LOCATION! LOCATION! LOCATION!

RESTAURANTS LEASING OPPORTUNITY

ED LUGOSSY [email protected]

Lease Purchase available - 1500 sq ft to 12,500 - Build to suitCall Ed for Quote 250-870-2801

Service Commercial or Offi ce ProfessionalWe will build to suit your needs

GARY BOWKER [email protected]

$XXXX

3-1980 Bredin Road, Kelowna BC• High quality concrete building• Central Kelowna location• One storey unit with show room and mezzanine• 1,775 sq ft on main, plus 690 sq ft mezzanine• 10’ x 14’ overhead door• C - 10 Zoning, commercial mixed

Commercial Lot• Lot 10 - Westside Landing• 1.5 acre Commercial lot• Desirable “Business Park” zoning• Fully serviced to Urban Standards• Adjacent to the Real Canadian Super-

store, in West Kelowna• Leasehold interest

FOR SALE

CARRINGTON BUSINESS PARK

Commercial Lot

3-1980 Bredin Road, Kelowna BC

GARY BOWKER [email protected]

42 Unit Apartment Building, Penticton21 - 2 bedrm, 15 - 1 bedrm & 6 bachelors.Recent upgrades stable cash fl ow with upside for revenue growth.

MLS® 10049223

Penticton apartment building with 42 units, 27 - 2 bdrm,9 - 1 bdrm, 6 bachelors, plus 2 offi ces, major reno’s in 2007-2008,

good cash fl ow, RM3 zoning, Exclusive listing

42 Unit Apartment Building, Penticton

MLS® 10049223

Penticton apartment building

good cash fl ow, RM3 zoning, Exclusive listing

LAND OPPORTUNITIES

MULTIFAMILY

• 5225 Highway 97 N, Kelowna3 acres with 469’ of frontage,non– ALR land near KelownaInternational Airport and UBCOMLS® 10009764

• 1740 KLO Road, Kelowna9.2 acre vacant parcel centrallylocated in the Mission area ofKelowna with over 700 feet ofroad frontage on upgraded 4 laneroad currently in the ALR andfarmed MLS® 10042769

• 4607 Princeton Ave.,Peachland2.09 acre lake view site. Great acreage estate site or hold and develop with medium density residential. MLS® 10053205

• 5944, 5948, 5968, Hwy 97 S,Peachland 3.07 acres of prime highway development land acrossfrom Okanagan Lake, close to downtown Peachland and across from boat launch.MLS® 10014647

• 6708 Fenner Street, Summerland56 acres of south facing slopeoffering panoramic OkanaganLake and valley views, Perfectfor a private estate with potential vineyard areas. Exclusive Listing

• 7974 Silverstar Road, Vernon40 acres with approval for subdivision into 7 estate lots with panoramic lake, city, and valley views MLS® 10044953

• Appleway Blvd, West Kelowna7 lot residential subdivision (R2 -duplex zoning) in West Kelowna with lake views near Mission HillWinery MLS® 10042571

TIM DOWN [email protected]

$900,000 MLS®

$495,000 MLS® 10052185

• Prime Lakeview Acreage• 5.0 acre development site• Close to new HWY 97 interchange• Endless opportunities... hotel, casino,

apartments

Offered at $4,000,000MLS® 10053563

Contact

Bill Raine Kathryn Newell250-870-6210 250-869-6120

Peachland Restaurant Fully updated, equipped restau-rant with bonus one bedroom suite at rear of building. Outdoor patio seats 20, indoor dining room seats 40. $3750/month MLS® 10053001Subcity Donair New and existing locations availablethroughout BC. Join the hottest new franchiseconcept. Full Training provided, low start-up feesExclusive New Listing Owner retiring and priced to sell. Excellent exposure in heart of West Kelowna. Buy equipment and leaseholds, great lease. $45,000MLS® 10054129

Highway 97

ONE BLOCK FROM WALMART

PENDING SALEPENDING SALE


DEVELOPMENTAL LAND AND

GOLF COURSE FOR SALE

• 162 Acres• 9-Hole Golf

Course• Club House• Residence• Trades

Considered

BEST-WEST REALTY LTD.250.554.4511

Dwight Vos250.371.7992Tracy Mackenzie250.318.2938

PRICE REDUCEDIN THE BEAUTIFUL BC INTERIOR

D E V E L O P M E N T P R O P E RT YP E N T I C T O N , B C

BOB PARTRIDGE 1-877-490-4677 [email protected] One Percent Realty Ltd

www.onepercentrealty.com

2.25 acres, great location, 5 min walk to mall, rec, medical services. Potential 3 buildings at 11 storeys each = 231 doors OR Senior care. $3.2 Million.

14 apartment condominiums to be built to complete the 38-unit Valley Vista on a two-acre sloping property. Excellent view of Shuswap Lake from one side, forest on the other. One-bedroom, 600 sq. ft., two four-plexes and a six-plex. Some suites are level entry. Can be rented. Quiet pets welcome. Modulars built by SRI Homes in Kelowna. Foundations are ready and waiting for the two four-plexes. All services and driveways are in.

SALMON ARM, B.C.Reduced to $359,000

SALLy SCALeS [email protected]

250-833-2129

KOOTENAYSLocated in a quiet area of Fruitvale, this 24 unit a p a r t m e n t block has a good cash fl ow with a potential

for a lot more. The building sits on a .68 acre lot. The owners have maintained a higher than average vacancy to ensure the right mix of tenants and ease in distant management. The units have had many upgrades over the recent years with any deferred maintenance having been caught up on. Looking for an investment with promise this is the one you should see. Call today for details. Asking $1,400,000

Nine unit Commercial building in the heart of d o w n t o w n C a s t l e g a r. T h i s e x p o s u r e rich building

boasts 9 rental units, and a 9000 square foot parking lot with total land area of .69 acre. Consistent rental and ongoing maintenance makes this a very good property to consider for your investment portfolio. Possibly add a second fl oor for more revenue and diversity. Asking $2,495,000

Here is a great opportunity for the family, a semi-retired couple, or non-resident investor. The

property is located 7 minutes from Nelson. The 13.8 acre parcel of land is treed, sloping, with some rocky areas. Some potential to subdivide. Of the current 11 pads there are 5 park owned mobiles and 1 house on the property. There is plenty of room for further development of pads or addition of an RV campground. This diverse opportunity should be viewed quickly. Call today for details. Asking $595,000

DAVID GENTLES 250-354-8225

[email protected] Josephine St.,

Nelson, BC

www.NelsonRealty.ca

MLS® 10049984 $990,000 1826 Shuswap Avenue, Lumby B.C.

84.2 acres of Dual-zoned property in the Village of Lumby. 60 acres of farmland, property has 11 acres zoned Industrial, balance is Country Residential. Part in the ALR and sub-irrigated. Development of this property would make a beautiful entrance to the Village of Lumby.

DEVELOPMENT OPPORTUNITIES IN THE SUNNY OKANAGAN

DARLINE SCOTT 1-888-547-9266 [email protected] www.remaxlumby.com

MLS® 10043442 $799,000 1600 Mountainview Avenue, Lumby, B.C.

Attention Developers, 24.19 Acres of development land at the entrance to the Village of Lumby. Park-like property gently rolling with a good selection of trees and fantastic views. Preliminary work done for a 45 lot subdivision in 3 phases. A short 20 minute commute to Vernon.

RE/MAX Lumby

PANAGO PIZZA BUSINESS

$250,000

Profitable Panago Pizza Business, Excellent Location Hwy 22 & 3, Completely turn-key business, Business has been open since 1990 Freshly renovated

QUALITY BUILDING

$749,000

High quality architecturally designed building 6530 sq.ft. on the main floor. 1275 sq.ft. mezzanine level. 2 large dock areas totaling 1638 sq.ft. 3 overhead doors, fenced yard.

LOCATION LOCATION....

$989,000

At the entrance from Highway 3 and on Highway 22, Excellent drive thru lease space, Stand alone building, Use for a variety of Retail and Restaurant businesses, Full basement

MOTEL and RV SITES

$1,380,000

Waterfront property!!! 15-unit Motel with 2 park model RV’s & 4 RV sites. Located in Castlegar’s prime central commercial area on high-traffic Columbia Ave., Next to Tim Horton’s & Mohawk Gas Station.

HOTEL RESTAURANT PUB

$1,688,000

Perfect opportunity for great minds tocapitalize on this well-established businessconsisting of a Hotel, a Restaurant, a Liquor Storeand a Pub. Like the building itself, everything isconcrete. Awesome location!

INVESTOR ALERT !!!

$297,000

Just signed new 5 year lease. All steel building 6000 on main floor building 1890 sq.ft. of mezzanine. 2 overhead doors, loading docks.

BARRY BROwN250-365-9363 or [email protected]

www.barrybrown.ca

CASTLEGAR BRISTISH COLUMBIA

RE/MAX Home Advantage

250-423-1520Abe MArtens re/MAX elk VAlley

403-807-3086lorAlee thoMAs re/MAX elk VAlley

[email protected]

3000sqft main floor commercial space and two partially finished residential suites upstairs waiting for someone to finish the renovations. MLS K4100066

Commercial building in the heart of downtown Fernie, BC

$588,000$588,000

Elkford Motor InnFull Service 22 room hotel with bar, restaurant, liquor store, conference room, banquet room and plenty of extra land for future development.

MLS# K4100143

$2,935,000$2,935,000

SUCCESSFUL BUTCHER SHOPSPARWOOD, BC

• Located in major hunting area• Established for over 30 years• Owners retiring, but will train• $350,000 includes business & building

Rick Pater250-425-5432 Elk Valley

KAMLOOPS NEWEST WINE REGION OF BCOffered for sale: 10 acres (2 titles)

south sloping, excellent water (underground irrigation) 4630 sq ft custom home

breath taking views. MLS® 111415 Asking $1495000.

Visit www.garyirelandrealty.ca FOR ViEWiNG

GARY IRELANDPERSONAL REAL ESTATE CORP.

[email protected]

RE/MAX Real Estate Kamloops

fraser elliott [email protected]

RE/MAX Progroup Realty

Two tenants (Fields, IDA Pharmacy).

Net Income: $54,000 p.a. +/-Asking: $745,000 (7.25% Cap)

FOR SALE: 8,800 Sq.Ft. buiLding in cEntRE OF Lumby

1-800-661-6988

LISTTop commercial realtors from across Western Canada market their listings

through the Western Investor.

B6 Interior British Columbia www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORWESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com B7

(250) 231-5222 (CELL)

(250) 368-5508 (FAX)www.cbcworldwide.com

LIGHT INDUSTRIAL BLDG4 LARGE LOADING DOORS.

OFFICES & MEZZANINE.$425,000

ARLINGTON PUB & RESTAURANTEHIGH VOLUME.

THE PLACE TO "EAT IN TOWN" $1,590,000

$425,000

1ST TRAIL REAL ESTATE LTD.

LEASED BUILDINGS AND STORAGE UNITS. NICELY

LOCATED. EXCELLENT SHAPE. 100% FULL. GREAT SELECTION

OF TENANTS.$1,290,000

QUALITY INN 48 ROOMSRESTAURANT NICELY

LOCATED AT THE CROSSROADS OF THE

KOOTENAYS. GOOD VOLUME. $2,190,000

COLDWELL BANKER COMMERCIAL WORLDWIDE17,000+ SQ FT 13 ELECTRICAL

SERVICES, MULTIPLE PURPOSE BUILDINGFORMER INCUBATOR

$699,000

HI-END FURNITURE AND APPLIANCE BUSINESS

INCLUDING 35,000 SQ FT BUILDING,

PRIME LOCATION, OWNERS WANT TO RETIRE

$1,995,000

AUTO REPAIRBUSINESS ONLY

VERY WELL EQUIPPED VENDOR READY TO RETIRE

$159,000

DEV. PROPERTY600 FT OF HWY FRONTAGE FOR AUTO

DEALER & BODY SHOP, ETC.$529,000

CHRISTINA LAKE620 FT. OF BEAUTIFUL BEACH -

ALL SOUTH FACING NICELY FINISHED 3 BEDROOM HOME. $1,590,000

$529,000

Bosa Properties of Vancouver, which purchased Terrace’s main shopping centre, Skeena Mall,

last November, is in the midst of a renova-tion that could run to $8 million and add 160,000 square feet of “like new” retail space.

“Sport Check will open in September and Dollarama by October,” said John Chasmar of property manager Warrington PCI. A large Winners outlet is also scheduled.

Chasmar wouldn’t confirm rumours London Drugs will be added as anchor, only saying “a new national tenant” has been con-firmed.

Robert Bosa bought the mall for $3.8 million through Bosa subsidiary Loon Properties Inc. He said the purchase “was a good deal” because of the economic activity that will roar into and around Terrace over the next few years.

Chasmar isn’t surprised Lower Mainland investors are looking at Terrace. Numerous planned resource projects in the trading area – including new LNG plants and the $2 billion-plus expansion of the Rio Tinto Alcan plant in Kitimat, plus the massive new Northwest Transmission Line – are among the reasons for confidence in the local economy.

New developments Bosa’s cash injection is welcomed in an area hard hit by the downturn in forestry. In 2009, West Fraser shut its Eurocan pulp mill in

Kitimat; 525 jobs were lost, many in Terrace.In 2011, the city had a population of 11,486 – a modest 1.5 per cent increase over 2006. Still, Statistics Canada figures show Terrace was the only large centre in the northwest to grow between those years.

“Most people understand that [the new developments] are opening up the north,” said Terrace economic development officer Evan Van Dyk.

He had “no comment,” however, when asked about what could be the nucleus for the area’s economic recovery: the multibillion-dollar Northern Gateway oil pipeline, which was in the middle of hearings when he spoke with Western Investor.

Against pipeline The mute stance is understandable: Terrace’s

REGIONAL ROUNDUP Terrace shopping centre deal, economic potential, draws major retail developer

fRANk O’bRIEN

WeSTerN INVeSTOr

city council voted to oppose the pipeline proj-ect back in February of this year.

At the time, Mayor David Pernarowksisaid that the majority of Terrace residents are opposed to the pipe. He added that some people in the economic-development com-munity believe that remaining neutral makes more sense, because taking a position could put Terrace in a “precarious position.”

Pernaroswki is personally opposed to the pipeline, but suggested the city should have waited until hearings are complete.

In an interview with the local newspa-per, he said, “It’s tough one. We see the risk. I am currently opposed to the proj-ect, because a majority of the First Nations oppose it. I am going to have a hard time to stand in difference to our First Nations community. November would be more

Bosa eyes northern horizon

Phot

o: C

ity

of T

erra

ce

Photo: Warrington PCI appropriate to bring this before council.”

Of greater interest today in Terrace is the construction of BC Hydro’s Northwest Transmission Line (NTL). The line, pegged at a cost of $561 million, will run 344 kilo-metres from the Skeena substation south of Terrace to the Bob Quinn substation on Highway 37 North.

Work is already well underway, with every-one from engineers to bush-clearing crews in play as part of a workforce expected to peak at around 300 before the project completes in early 2014.

According to the Mining Association of BC, the powerline could spur millions of dol-lars in new mine activity north of Terrace, including the $700 million AltaGas run-of-river hydro project that could lead to the cre-ation of 400 jobs.

Last year, AltaGas signed a 60-year agree-ment with BC Hydro to deliver power to the Bob Quinn Lake grid via BC Hydro power-lines. AltaGas has crews working right now and has spent about $26 million on construc-tion.

Red Chris mine The first – and perhaps largest – of the mines that will hook in the NTL is Imperial Mineral Metal Corp.’s red Chris mine, which achieved a B.C. mining permit in May. If the mine goes ahead, it’d bring about 250 jobs to the area, many likely based in Terrace.

There’s just one glitch: local First Nations are fighting mine development, not uncom-mon in the northwest.

Please see Bullish page B8

Interior British Columbia

INSET: Terrace’s Skeena Mall is undergoing multimillion-dollar renovations after being bought by a Vancouver developer. AbOVE: Terrace is the major shopping and service centre in northwest b.C., with highest population growth rate in the region.

B8 Interior/Northern British Columbia OCTOBER 2012 WESTERN INVESTOR

* N E W *AquilA busiNEss

pArk

• Investment or Area to Customize to your Company's Requirements

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Only 5 Lots Remaining Starting @ $845,000

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7 Exceptional Properties in Coldstream/Vernon

Min. 2.5 Acre Lots – Zoned General Industrial

INVESTMENT PROPERTYFOR SALE

T E R R A C E , B C

DUPLEX RENTAL INVESTMENT.Fully updated inside and out. Great Value. New listing offered at $342,000

11 UNIT APARTMENT BUILDING in downtown Terrace. Call for details

40 PRISTINE TREED ACRES only minutes from Terrace. Cabin started. Amazing views, near lakes and rivers. REDUCED TO $179,000

3 BEDROOM SUMMER CABIN on the shores of Lakelse lake. Swim, fi sh, water ski from the shore. Now Asking 182,500

I have many more lake front properties available on Lakelse lake between Terrace and Kitimat.

CUSTOM BUILT 4 BDRM 3 BATHWATERFRONT HOME on Lakelse Lake.250 feet of Beach! Great B&B Asking 649,000

CALL DAVE TODAY TOBOOK YOUR VIEWING

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LIFESTYLE PROPERTIES FEATUREReach potential buyers with money to spend. Western Investor readers have higher than average household income and a real

interest in real estate.

Recreational Real EstateADVERTISING FEATURE:

• Limited spaces • 4-colour ads • Special rates

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WESTERN INVESTOR august 2011 www.westerninvestor.com Alberta B13www.westerninvestor.com WESTERN INVESTOR Recreational Real Estate LIFESTYLE PROPERTIES12

Ko

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en

ay

N

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io

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l

Pa

rk

BaptisteLake

Upper Ranch

Entrance tothe Ranches at Elk Park

SUNSET RANCH160 ACRES

$785,000

RED ROCK RANCH120 ACRES

$600,000

MCKAY RANCH160 ACRES

$2,950,000

CIRCLE S RANCH36 ACRES

$390,000

CLEARWATERRANCH

40 ACRES$1,400,000

PAINTED PONYRANCH

80 ACRES

EVERGREENRANCH

79 ACRES$600,000

MUSTANGS RANCH62 ACRES

$470,000

BENT CREEKRANCH

460 ACRES$1,120,000

DIAMONDBAR RANCH

155 ACRES

SPIRIT RANCH405 ACRES

$952,000

TRAILHEAD RANCH480 ACRES

$1,092,000

SNOWY OWL RANCH476 ACRES

$2,250,000

WARD RANCH316 ACRES

$2,200,000

CLIFFSIDE RANCH230 ACRES

$1,155,000

MORGAN RANCH74 ACRES

$700,000

5Minutes

toTown

Centre

SOLD

Baptiste

SOLD

HOLD

OPENHOUSESaturday, August 27, 11-4 pmSunday, August 28, 10-2 pmEntrance to the Ranches atElk Park 3.5 km north of Radium

The Rocky Mountain range, that is. Right now, you can own your own Columbia Valley ranch right at the foot of the Canadian Rockies. Rolling meadowlands…fragrant alpine forests…high bluffs overlooking the Columbia River wetlands. It’s a setting right outof Legends of the Fall – and it’s available now to a very lucky few.

Only 17 Ranches will be madeavailable in Elk Park Ranch – ever.To schedule a private guided tour, please call 1-604-694-7628 or email [email protected].

www.ElkParkRanch.com

Home, Home on the Range.

www.ElkParkRanch.com

®

Bob Plowright & Don Spice • RE/MAX BOB PLOWRIGHT REALTYKristen O'Connor • RE/MAX NYDA REALTY 1-7300 Vedder Rd. Chilliwack, BC V2R 4G6www.bobplowright.com [email protected] • 1-800-830-7175

Why Harrison? Nestled against Southwestern British Columbia’s mag-nifi cent mountains and the sandy beaches of Harrison Lake, Harrison Village is your local destination fi lled with a rich history and natural wonders, including our world famous BC Hot Springs. Known for its leisurely days and friendly ways, offering nature, art, entertainment shopping and food.

• 4 bedrooms, 5 bathrooms• 3,720 sq, ft, of living space• 824 sq. ft. guest suite• Showpiece 2 car garage

• 108 feet of waterfront

• Stamped concrete boat launch• 100 feet private boat dock• RV parking

• Covered hot tub deck

Why Harrison?Why Harrison?Nestled against Southwestern British Columbia’s

Overwhelming Views

$1,888,000 Virtual tour at www.6565-rockwell.ca

FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.

• Well established• Adjoining 100’ x 150’ lot• Presently 2 storefront rental income• Would like to sell package deal

Call for more information, Gerri Saunders @ (250) 632-2107 or (250) 632-6638

Virtual tour at www.annabelyoung.com ANNABEL YOUNG Offi ce: 604-888-0786 Cell: 604-961-7541 Email: [email protected]

Far from the Madding Crowd

- Exquisite property features the best of the West Coast

- Water Front -1.84 acres of high water front

- Custom designed house infused with southern light

- Spectacular views of the Gulf Islands- Live year round or have a

weekend retreat and haven- MLS® F1118274 $1,075,000

REALTY (02) LTD.

Approximately 80 minutes northeast of Winnipeg on the Bird River. This classic lodge is world famous for trophy bear and deer hunting. Located 1/4 mile from a Department of Transportation certified airport runway. Suitable for church camp, corporate retreat, training centre or private retreat. Commercial kitchen. Games room, sauna & conference room. Thirteen bedrooms, sleeps 27 plus master bedroom & ensuite. Approx. 6900 sq. ft. on +/-2 acres. Asking $1.85M.

FOR SALE - On Bird River, MB

PH: 204-928-5000 • www.dtzbarnicke.com

Len WestwoodSales & Leasing Associate

Direct: [email protected]

Recreational Real Estate LIFESTYLE PROPERTIES www.westerninvestor.com WESTERN INVESTOR

10

Investment OpportunityAvondale - Crystal Gardens Lake CommunityNewly remodeled home, 1870 square feet, 3 bedrooms plus den, 2 baths, prime location near shopping and freeway access, would make for a great vacation home or could rent for $1000-$1075 as an investment property.For Sale: $112,500

Contact us to start your portfolio today. Here are twelve of the homes we’ve sold over the past few months which are all within a 30 minute drive from downtown Phoenix. We even offer property management for our clients.

Phoenix AreaAverage Sales Price per Square Foot

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ARIZONA Investment Property For SaleACquire reAlty 623-853-7765Toll Free: 1-855-234-3342 • [email protected] • 10750 West McDowell Rd. Bldg. C, Ste. 305 Avondale, AZ 85323

Sold Price: $51,900Rent: $850City: TollesonYear Built: 2005Square Feet: 1,423

Sold Price: $52,00Rent: $825City: PhoenixYear Built: 2002Square Feet: 1,343

Sold Price: $60,300Rent: $895City: GlendaleYear Built: 2001Square Feet: 1,278

Sold Price: $60,500Rent: $825City: GoodyearYear Built: 1997Square Feet: 1,159

Sold Price: $61,500Rent: $925City: AvondaleYear Built: 2000Square Feet: 1,197

Sold Price: $62,000Rent: $895City: AvondaleYear Built: 1991Square Feet: 1,255

Sold Price: $64,000Rent: $850City: El MirageYear Built: 2001Square Feet: 1,495

Sold Price: $64,000Rent: $785City: BuckeyeYear Built: 2006Square Feet: 1,574



Sold Price: $87,000Rent: $995City: LaveenYear Built: 2004Square Feet: 1,763

Sold Price: $105,000Rent: $1,150City: GoodyearYear Built: 2003Square Feet: 2,277

Acquire Realty is family owned and operated with over 30 years of Real Estate experience. Contact us for Foreclosure or Short Sale Listings in Phoenix, Scottsdale, Fountain Hills, Surprise, Goodyear and Surrounding Areas. We would love to help you find your vacation home or investment property.

Perhaps the strongest evidence of a recovery in the Kootenay recre-ational market is the sale of ranch-

sized acreages at the exclusive Ranches at Elk Park just outside of Radium Hot Springs. Prices range to nearly $3 million – and that is just for the land.

“We have sold two lots and we have holds on two others,” said Rudy Nielsen, founder and president of Niho Land & Cattle Company, which is marketing the ranches through its sub-sidiary LandQuest Realty.

Prices roam from $9,000 per acre for small parcels to around $2,100 per acre for 400-acre and larger ranches.

The 3,500 acres at Elk Park, a gated ranch community and perhaps the only one in B.C., are divided into 16 ranches, from 36 acres to 480 acres.

The two lots that sold – one to a retired Edmonton oil executive – are both in the 100-acre size, as are the two with pending sales.

The Ranches at Elk Park are what Nielsen calls a “rare collection” of recreational private estate properties. The ranches are framed by Kootenay National Park and the Columbia Valley and prices range from $390,000 to $2.95 million for 200 plus acres with a lake.

“This is a very exclusive opportunity,” said Nielsen, 70, B.C.’s most prolific land dealer. In the last 40 years, he’s put together thousands of successful real estate deals, involving tens of thousands of acres, from small plots to ocean islands, to entire town sites and huge farms

and ranches. “There’s nothing else like this in British Columbia. South of the border, in places like Montana, similar ranch-style communities are far less pristine and their prices are much steeper.”

Calgary-based Schickedanz West, the owner of the Ranches project, is adding a com-prehensive amenity centre outside the access point with fitness facilities and a private own-ers’ lounge, Nielsen said. He credited owner Fred Schickedanz for having the vision and patience to create “one of the best recreation-al ranch developments I have seen in a long time.”

Nielsen said buyers are a mix of permanent residents and seasonal owners who plan to

RECREATION FEATURE Wealthy investors corral exclusive acreages at Ranches at Elk Park in Kootenays

WI STAFF

WESTERN INVESToR

eventually retire to the property. They share an common appreciation of nature, outdoor adventure, horse-back riding, hobby ranching and getting away from it all, “without going too far or spending too much.” Some of the ranches are lakefront, others have valley views and all have the security and privacy only big money can buy: there is only one access road and it is protected by a controlled locked main gate.

Albertans The success of Elk Park is likely cheered by other land and recreational vendors in the Kootenays, especially since it heralds the return of Alberta investors.

In 2007, Albertans were big in the Kootenay

Ranch-size sales cheer vendorsarea, grabbing more than 2,000 residential properties and more than 600 plots of vacant land, with the Columbia Valley figuring large. With the BC/Alberta border so close to Calgary, the Kootenays were a natural lure. Then the oil-fueled global economy stalled and Albertans went quiet; in 2010 Albertan purchases were off by more than 70 percent or 756 sales of residential properties. However, with the global economy swinging back and oil now north of US$100 a barrel Nielsen expects a resurgence of Alberta buyers into the Kootenays.

“our sales team says the number and quality of calls coming out of Alberta has increased substantially, compared to anytime from mid-2008 to late 2010, “ Nielsen said.

A recent survey by the Royal Bank fore-casts Alberta will lead the entire country in economic growth this year and next, and like-ly into the next decade. one telling stat: the average weekly wage in Alberta is $1,036 a week, almost one-third higher than the rest of Canada.

And Albertans traditionally look to B.C. for recreational property.

“You can golf, ski, and catch a large rainbow trout, all in one day in the Kootenays,” Nielsen said. He notes that the ski hills of Panorama Ridge near Invermere and the amenities of Fairmont Hot Springs are close by Elk Park, with almost two-dozen golf courses within a 30-minute drive.

Nielsen said The Ranches will attract a select type of buyer.

“The price range is for individuals with a pioneering spirit ready to embrace a rare oppor-tunity to own their own private ranch right at the foot of the Rocky Mountains.”u

Ranches at Elk Park: 200 acres with a private lake listed for $2.95 million.

Phot

o: L

andQ

uest

S H U S W A P Business with Building

GREAT opportunity to own your own

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This 3-storey building contains two/three bedroom suites, upper, lighting showroom on main with warehouse in basement. $749,000

Rob McKibbon 1-866-463-2791

OKANAGANINVESTMENT PROPERTY

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BULLISH from B7Tahltan Central Council president

Annita McPhee said her council “will look at all options,” because officials haven’t addressed Tahltan Nation “concerns about long-term pollution to our water and the dam-age to a landscape.”

“The Red Chris mine would turn a pristine valley and a lake into a tailings pond and seri-ously damage Todagin Mountain through the construction of an open pit,” she said in a statement. “Decisions like this, which don’t appropriately take our interests into account, undermine our trust in the province.”

Repeated requests for clarification about what action McPhee and the Tahltan have in mind were not met as of press time.

Housing There’s an air of confidence in town, how-ever, that’s reflected in the housing market. In the first half of 2012, 150 residential prop-erties worth $29.3 million sold, compared with 135 for $25 million in the same period last year. The average detached house price in Terrace is $211,000, but half the houses sold for less than $199,000 according to the Northern BC Real Estate Board. In other words, you could buy seven or eight houses

in Terrace for the price of one in Vancouver. It takes homes in Terrace 71 days to sell,

on average. Besides houses, 11 parcels of vacant land, five half-duplexes and 14 homes on acreage changed hands in the first half of the year. At the end of June there were 287 residential properties of all types available for purchase in the Terrace area.

Jobs, jobs, jobs When it comes to the outlook of the north-west, Central 1 Credit Union is bullish, forecasting employment will increase mod-estly this year but spike 3 per cent in 2013 as more resource projects fire up or expand.

“The [northwest] will likely face substan-tial labour and skills shortages, promoting wage growth [and] drawing workers into the region,” said Central 1 economic analyst Bryan Yu.

Industrial Terrace is getting ready for the uptick in land demand as it becomes a “staging area” for resource exploitation, says Van Dyk.

To that end, the city has developed the Skeena Industrial Development Park, a 2,000-acre greenfield site on Highway 37 next to the Northwest Regional Airport and 47 kilometres from Kitimat’s ports.

The park could handle heavy industrial projects, and 300 acres are already cleared and linked to electrical and gas services. While prices vary, a ballpark figure is around $10,000 an acre, plus sales-tax exemptions for machinery, and potential grants of up to $5,000 for each new job created.u

SidebarQuick facts

Map from March 09 WI

Terrace, BC

Population 11,500Average detached house price $211,000Industrial land, per acre $10.000Major employers Government, retail and service sector.

Terrace, B.C.Population 11,500Average detached house price $211,000Industrial land, per acre $10,000Major employers Government, retail and service sector

Quick facts

✪TERRACE

Prince Rupert

Kitimat

37

NoRThwEsT BRiTish ColumBiA

Pacific ocean

1

KITIMAT $30-$60 BILLION in Regional Economic Growth Potential

Fully renovated 4 plexs with 20% + ROIComing in January 2013

from $399,000

CALL 604-725-4872 or 250-826-2284

EMAIL: [email protected]

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Northern British Columbia B9

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• 3 Bedroom, Large Owner Residence• Outdoor Pool and Hot Tub• Solid Financial History• Popular Destination Motel

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250-342-1300 CellBroker/Owner RE/MAX Invermere 250-342-6505 Offi ce

#133128: NEW STRIP MALL has 4 available spaces left for lease, 1,750 sq ft each. Great location on 8th street between Tim Horton’s & The Brick. Lease rates start as low as $16/sq. ft.Start your business here. Strip mall is 10,000 sq. ft. Also for sale at $1,800,000

#139026: This UNIQUE PROPERTY has 3500 sq. ft. building on a large corner lot on 102nd Ave. with paved lot. Presently zoned for multiple fam-ily, would make a good duplex. Or switch back to commercial. $199,000.

#135939: FOR SALE OR LEASE 5040 sq ft building on busy Alaska Ave. Many uses, drive thru availability, lots of parking, next to government liquor store. Own-er will consider dividing building into two rental units. Priced at $795,000 or $16.00 per sq ft to lease.

#131876, 130050, 131875: HIGHWAY COMMERCIAL/INDUSTRIAL LAND Situated across from the EnCana event centre, Chances casino and new Holiday Inn this is a very desirable location. Total of three lots each approx 4.5 acres each, excellent visibility and access. Priced at $450,000 - $500,000 each

L A N D#137248: HIGHWAY FRONTAGE 1.1 Acre of industrial land on Highway 2, topsoil has been removed and an entrance installed and the prop-erty is shaled. Additional one acre lot available next door, shaled as well and asking $198,000. or will build to suit and lease out. Asking $199,000

#132673: Will builld to suit. In the centre of the City close to the traffic circle on Alaska Highway...1.55 acres of flat land with all new services to the property and bordered by 8th street and the paved roadway to the new apartment building. Excellent location, commercially zoned. $290,000

#127836: SUBDIVISION FOR MOBILE HOMES! Total of 39 mobile lots are possible on this 4.6 acres, zoning in place, some services are already in, 3 lots have been subdivided. Call for more info. Asking $300,000

#127066: LOCATION, LOCATION, LOCATION 0.74 acres at the intersection of 17 Street and Alaska Highway. Ideal location for strip mall, service station, etc. $295,000

# PRIME RESIDENTIAL LAND FOR DEVELOPERS. 116 acres sitting on the north end of Dawson Creek waiting for your development plans for resi-dential subdivision. Part of the city’s sustainability plans for expansion within the city’s boundaries. $2,900.000

#138192: CHETWYND INDUSTRIAL LAND Unique property in booming oil, gas, and coal com-munity of Chetwynd. Total of 30 acres of industrial lands with 13 acres ( M-2) inside village limits and 17 acres in the regional district. Situated in the BCR industrial park and priced to sell at $395,000

#135241: COMMERCIAL LAND NEXT TO THE GOLF COURSE. Great location and potential! 10.33 acres that are zoned C-3 (highway commercial) between the driving range and regional district offices, close to a large campground. Lots of options, borders the Alaska Highway. $1,150,000

#137199: LOCATION, LOCATION! Across the street from Walmart on Highway 2 at the start of the dangerous goods route or bypass. 2.25 acres of commercially zoned land and an easement at the rear of the property for a secondary exit or entrance to 8th street. Commercial and business possibilities. Reasonably priced at $360,000

RE/MAX DAWSON CREEK REALTY 1-888-214-5871DAWSON CREEK COMMERCIAL EXPERTS

D A W S O N C R E E Kwww.dawsoncreekrealestate.ca

TOM MORAN [email protected]

LLOYD SMITH [email protected]

#133401: BUSINESS OPPORTUNITY located on the east side of Dawson Creek. Belsum Auto Re-cyclers Ltd has a proven track record and shows a good return. Includes 6.5 acres of prime indus-trial land on Hwy #49, a heated main shop with 3200 sq.ft. and an adjoining 2400 sq. ft. building used for stripping vehicles. Lots of inventory, and equipment includes 3 forklifts and a skid steer. Asking $1,200,000 for the land, buildings, and turnkey business with inventory.

#129952: FOR SALE OR LEASE Multi purpose build-ing with 2 units now leased leaving 11,000 sq ft. avail-able. Upgrades include updated roof and furnaces Asking price is just $397,000

#129257: THE SOUTH PEACE UNITED CHURCH IS FOR SALE. OVER 11,000 SQ. FT. - Sanctu-ary, hall, kitchen, offi ces, and support services. Excellent corner location, zoned commercial, very good condition, ready for an offi ce or residential conversion. $495,000

#130083: 16,000 SQFT FOR LEASE (Brown’s Social Club) now open and Pizza Hut coming soon, lots of parking. 16,000 sq. ft. of prime lease space still available. Competitive rates ... best location in the city!

#138842: FOR LEASE 1.28 acres graveled and fenced lot with a 6000 sq. ft. shop available on Sept. 1. Only 5 years young, 1380 sq. ft. showroom for retail, offices, sales and service counter. Mezzanine on top with a lunch room and storage. Shop has 6 overhead doors, radiant heat, 3 phase wiring, ready for your business. Asking $16.00 per sq. ft. triple net.

#129953: RETAIL BUILDING Great location on 10th St over 3,000 sq ft on main and additional 3,000 sq ft on second floor, located next to Scotia Bank. Ground floor now leased out to only video rental company in Dawson Creek. Asking price of $375,000

#136621: INDUSTRIAL SHOP on 2.25 fenced acres of industrial land, building size is 3400 sq. ft. with 2400 of shop and 1000 of offi ce. Upstairs is a 1000 sq ft of living accommodation. Built in 2002 the shop has 16 ft high doors and in fl oor heating. For sale for $980,000 or $7500 per month lease.

RE/MAX DAWSON CREEK REALTYwww.dawsoncreekrealestate.ca

1-888-214-5871

DAWSON CREEK

COMMERCIAL EXPERTS

Investment OppOrtunItIes Offered fOr salelocation: prince George B.C.

48 Lot Subdivision Project• Only 20 prime building lots remaining• Active home construction and lot presale program in place• Market Value : $1.8 millionPurchase Prices $78,900 to $119,900 per lot • Preferred price discount for complete project purchase

137 Lot Subdivision Development Opportunity• 292 acres of ecological protected natural forest land • Potential phased development offering 4 sites yielding approx. 137 residential building lots• Some preliminary design work completed• Located within city boundary, close to schools and shopping centers.• Market Value : $1.9 millionPurchase Price – $775,000

200 Lot Subdivision Development Opportunity• 40 acres of land yielding 200 lots when completed• Close to schools and shopping centres• Zoned for mobile units and/or residential homes• Approx. $975,000 worth of design and infrastructure works completed to date • Excellent projected potential pad rental revenue in addition to strong lot value equity

appreciation when fully developed• Market Value: $3 millionPurchase Price $1.5 million

2 Acre Commercial Development Opportunity• Located adjacent to shopping centre – Save-On-Foods and other retailers• Property size – 2 acres with 1 acre zoned Commercial C7, 1 acre zoned Residential complete

with rental home• Development potentials include shopping mall expansion, Independent and assisted living, retirement,

high density strata, both commercial and/or residential Purchase Price - $625,000

162 Acre Rural Property• ALR designation with revenue potential• Approx. 100 acres flat, fertile land with remaining 60 acres comprising hilly topography• Excellent Agg Lease potential with added revenue from sale of estimated 50-60 loads of standing timber Purchase Price - $115,000

Unique Building Lot• 1.2 acres fully-serviced prime building site• View lot surrounded by 148 acres of protected greenbelt• Building covenants in placePurchase Price - $145,000

Spectacular Waterfront Property-Fully Developed• Rare Lakeshore paradise offering 28 acres of unprecedented views and solitude• 10 individual full-serviced lots with 890’ of private-level access-beachfront• Sold on individual lot basis or as complete package • Market Value: $1.75 millionOpen To Offers

For Information Contact

Tana Woodward & Associates – Virtual Office ServicesPhone: 1-866-970-0015Email: [email protected]

Action Realty Inc.

Fort St. John, BC

Rich Petersen

Bonnie Cote

Each Office Independently Owned And Operated

REALTOR® OWNER/BROKER

250-264-7900 250-262-1944

Attention Pub & Restaurant Investors!

Fort St. John, BC

A one of a kind purchase to own one of Fort St. John, BC’s

finest, busiest & highest rated pub. Exceptional reputation,

revenue, staff, location & equipment makes this business a

terrific opportunity for any entrepreneur wanting to expand

in the booming North Peace Area. This 6000Sf, 150 seat

liquor primary licenced pub sits on a prime C2 Zoned - 5

acres w/ Alaska Highway Frontage & lake view. Built in 1998

and expanded in 2004, the building is well constructed,

space is utilized & entire property is zoned C2 - allows for

future development & has enough room to expand or

diversify. This thriving business is the only entity of its kind

in the Charlie Lake area; serving the entire North Peace . This

pub is well known throughout the area for delicious food,

great prices, great times, with hundreds of satisfied repeat

clientele. MLS N4505657 $3,800,000.00

SELL1-800-661-6988

Selling your business? Western Investor Business Opportunity pages

are organized geographically so read-ers can find the opportunity they want.

B10 Northern British Columbia www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

HANS JOHANSEN 250.960.9339 [email protected]

KIRK GABLE 250.981.3535 [email protected]

TRUCK SHOPS *6160 sq ft on 1.5 fenced acres, 3 – 16’ OH doors, 5 ton crane, air conditioned offices lease $8.50. *5100 sq ft on 1.59 acres with large office mezzanine, lunchroom, fenced. $890,000 or lease for $8.00 DEVELOPMENT LAND *80 acres close to airport, city services available *56 acres designated industrial in OCP, close to airport, *112 acres in key future industrial location $1,490,000 LIGHT INDUSTRIAL LEASE Top quality light industrial/office/retail units 1500 – 10,000 sq ft, close to downtown from $7.00 WAREHOUSE 18,600 sq ft on 1 acre near downtown, 1000’ CN siding $1,400,000 or lease for $5.50 MULTI FAMILY *.26 acres zoned RM4 on busy city arterial $161,000. BUSINESS OPPORTUNITIES *Grocery store in high traffic area, $1.2M sales $100,000 *Hair salon and home décor retail, strong financials $129,000 *Busy 130 seat full service restaurant with .75 ac highway frontage, includes land, buildings and business $799,000 *Ready mix batch plant ready to go on 2.71 fenced acres. *5,800 Sq.ft. Downtown retail building $315,000

MOBILE HOME PARK Established “adult” mobile home and RV park on 21 acres highway frontage in Prince George. 88 mobile home lots, 51 RV stalls, 1700 sq ft executive home, meeting hall with laundry and washrooms, machine shed, extensive equipment list. 8% cap $4,725,000. INDUSTRIAL LAND *1.87 acres, level, fully serviced $205,000 *5 acres with 400 ft highway 97 frontage $300,000 *2 acres with 400 ft highway 97 frontage $75,000 (needs rezoning)

SID DOUCETTE 250.614.6800 [email protected]

Prince Rupert Pub Restaurant 145 seats, ocean view, turn key opera-tion. Near Ferry, Coast Guard & Sea Plane Bases City Approved Subdivision Over 550 dwellings allowed, wa-ter and sewer to the property. Approved Neighbourhood Plan. Ready to develop. HIGH EXPOSURE CORNER lease Downtown Prince George 2100 sq.ft. $10 triple net. Lease Industrial Building $249.888.

Remax Action Realty 1991 Inc.

[email protected]@remaxaction.ca

250-785-5520 Toll Free: 1-888-785-5520

The Power Of Partnership!

KATHY MILLER CURTIS ROBINSONPERSONAL REAL ESTATE CORPORATION

FORT. ST. JOHN

FAMILY OR RETIREMENT BUSINESS AWAITS! 9207 - Alaska Road

Motel Business with attached convenience store. Turn key 14 unit

motel located on 1.67 acres. Most units have kitchenettes hence long term repeat clients. No reasonable offer refused. $1,650,000 - MLS# 4505597

1,367 SQ.FT. PRIME LEASE SPACE! #4 8822- 100th St

Alaska Hwyexposure! This newly renovated building is

the place to be. Check out this affordable 1367 sq ft (with possible future expansion) Currant layout consists of front reception area, offi ce and warehouse to the rear with 14’ over head door. $18.00/sq.ft. + NNN - MLS# N4505583

the place to be. Check out this affordable 1367

BUSINESS OPPORTUNITY10332 - 100th Street, Taylor

Main fl oor Piz-zeria that was featured in the series Village on A Diet. All of the equipment

included. 2nd fl oor has open concept 2 bedroom suite with a balcony off of the living room and a deck off of the kitchen. The backyard is fully fenced, the 32 x 40 shop has propane fi red overhead radi-ant w/12'overhead door $410,000 - MLS# N4505523

10332 - 100th Street, Taylor

5.238 ACRES IN A GREAT LOCATION!Lot 11 - 87A Avenue

M-2 zoning, easy access to the East bypass road make this a great place

to build a shop and set up business.

$1,128,750 MLS# N4505220Lot 12 also available $1,128,750 MLS# N4505221

FOR SALE OR LEASE PROSPECT PARK LOCATION - 10711 - 91st Ave

Updated offi ce space, new windows, doors and updated forced air

furnace. 1100 sq. ft. of offi ce space attached to 3250 sq.ft. of shop. + 6500 sq. ft. of additional shop space available. Sale: $2,200,000 MLS# N4505390 $15.00/sq.ft. + NNN - MLS# N4505100

INVESTMENT OPPORTUNITY9321 - 96th Street

Unique opportunity available in this quality building. High exposure

location, 100% leased with solid tenants in place. 7.39 % cap rate makes for a solid investment! $2,500,000

Contact: 250-219-2756 or email: [email protected]

For Sale in Northeastern BC AreaWHOLESALE Retail Water & Ice Processing and Sales Business

• 5500 sq ft warehouse and offi ces on 1 acre with fenced compound in high visibility location and easy access

• Fully automated processing plant with 2” water supply and transport vehicles

• Recent appraisal for qualifi ed buyers

• Gross annual sales 600,00 + in growing market, good rate of return

• Land and building. Asking $780,000

North Okanagan Area

Chris Santoscell: 250.306.2527

[email protected] free: 1.800.667.2040

7 established tenantsOver 1 acre land with

room to expand10,684 sq ft building

fully leased

$834,900

Vernon

Over 7% Cap Rate!Office and Retail Space fully leased12 parking spots (rear of building)

$799,000

IndustrIal CEntrEdowntown VErnon

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Northern British Columbia B11

RE/MAX Centre City Realty

Each offi ce is independently owned and operated

GEORGE Weinand 250-960-9556

KEN Goss 250-565-7653

— Your PRINCE GEORGE Commercial Professionals —

www.pgcommercial.ca

THINK REAL ESTATE...The Best Investment on Earth

1399 – 6th Ave. FOR LEASE – 2nd and 3rd fl oor OFFICE space on corner of 6th Ave. & Brunswick Street. Quality property. Net-lease.

9080 Penn Rd.For Lease – 25,660 sq ft quality warehouse located in the Danson Industrial Park.

Domano Blvd.FOR LEASE – Prime College Heights RETAIL/OFFICE space. Visually desirable location. Net-Lease.

1150 – 3rd Ave.FOR SALE – Fully renovated downtown RETAIL/OFFICE building. 3,000 sq ft per fl oor, plus full basement.

1550 – 1st Ave.ONE OF A KIND OPPORTUNITY. 3 concrete block warehouse on 3 Acres. 44,080 sq ft total space. Well maintained with 11 loading doors, 13 O/H doors, 3 phase power & highway access.

760 Kinsmen PlaceFOR LEASE – New fi rst-class building in prime location. Ready for occupancy September 2012. Main fl oor 4,300 sq ft available and daylight basement 2,000 sq ft. Zoned C-4.

1880 Hart HwyFOR LEASE – 1880 Hart Hwy.Build to suit. Prime C-6 (service/retail) land on Highway 97 North. Net-Lease.

C-8 3900 Hart Hwy.FOR LEASE – Industrial space. 900 sq ft on Highway 97 North on Hart Highway.

508 George St.FOR SALE – 8,200 sq ft OFFICE/RETAIL building on 9,900 sq ft lot. Corner site across from the 'Ramada Hotel' and the proposed 'Wood Innovations Centre'.

3990 – 22nd Ave.FOR SALE or LEASE - 4,356 sq ft building on 0.437 Acres in the prime Light-Industrial Park.

8574 – Highway 16 West431 Acres of development property located within City of Prince George boundaries. The property includes 31 existing residential lots, 369 Acres zoned residential and 67 Acres zoned Commercial. Located along Hartman Rd. & Highway 16 West.

1001 Great St.FOR LEASE – Highly visible Hwy 97 Sth property. 9,000 sq ft building on 2.6 Acres. Fenced compound. Prime quality location. Net-lease.

#205 – 1396-5th Ave.FOR LEASE – 580 sq ft of professionally designed second-fl oor, top quality OFFICE space. Gross rate lease.Newly Renovated.

LEASED

LEASED

978 & 996 Central St.FOR SALE – located on corner of 10th and Central. Must be sold together. Value is the land. Currently zoned RS-2, the City says can be re-zoned to C-4.

NEBC is located at 10220 101 Avenue Fort St John BC V1J 2B5

www.NEBCRealty.com F: 250 785 4120

RON RODGERS OWNER / MANAGING BROKER

Email: [email protected] NEBC ©2010—2012

FOR LEASE / SALE **Commercial - 2420sf shop on 0.2

acre city lot in Fort St John

**Light Industrial 6,000+sf shop on 3.6 acre lot in Charlie Lake

**37,900 corporate office complex with warehouse, shop & light industrial oriented truck wash located in Fort St John

Call Ron for details on

these and more!

FOR SALE Land, Buildings, Business Buick Creek, BC 4.67 Acre land Business revenue; Sub‐Shop, camp facility, post office outlet. Gas & diesel pumps currently not used. $ includes trailers & retail business. Living

quarters on site for owner/operator. ASKING $495,000 MLS® N4505527

_______________________________________________________________________________

Sasquatch Inn Pink Mountain, BC Land & Building produces revenue oil & gas industry camp services. Owner/manager 4 bedroom suite, 11

motel rooms, and 42 man dorm facility. 100 seat restaurant . Currently operated as camp service,

but can be converted back to public hotel. Asking $1.9 Million MLS® N4505528

Call Ron to arrange an appointment to view or

for more information

FOR SALE PLAZA LAUNDROMAT

Fort St John, BC

BE YOUR OWN BOSS! Owners looking to retire but will assist in the

turnaround of this

TURN-KEY BUSINESS

WITH RECENT

UPGRADES

NO DROP INS PLEASE

Call Ron for more info

Asking $89,500 MLS® N4505553

FOR SALE 7 Unit

Apartment Taylor, BC

Investment property...

Or consider living in the manager’s suite yourself. Pay the mortgage with the rent you collect.

Excellent opportunity for first time investors.

This former motel is located off Alaska Highway frontage road & has ample tenant parking.

Asking $379,900 MLS® N4505262

Call Ron to arrange all viewings (24 hour noticed required)

NORTHEAST BC REALTY Ltd. Phone 250 785 4115

“Investing Our Energy In The North”

Winner of 2011

Commercial MLS®

Award

Scoop Clothing For Sale Fort St John

Well established retail business with integral brand investment in place.

Unique merchandise provides a

high caliber of clientele. Turn‐Key Operation…ready for all

summer and fall business! Asking $98,000 (open to offers)

includes equipment, marketing and branding rights, security and extensive multi‐media client list

(inventory extra) MLS® N4505636 Please note; confidentiality agreement may

be required prior to release of financial information.

FOR SALE COAL RIVER LODGE

Restaurant, motel, gas station, staff quarters, RV site located just south of the Yukon border. Complex has generated power supply, water hookups

from 2 well sources, Laundromat, gift shop and more! Currently seasonally operated...

room for year round growth! Approximately 10 acres directly off the highway makes this a great stop for all

travelers heading between BC and the Yukon.

Asking $689,000 Exclusive Listing Full financials available to qualified inquiries.

NO DROP INS PLEASE.

For Sale Prespatou General Store

Servicing the area with gas/diesel pumps, propane, post office outlet, coffee shop, and

general store (groceries, sewing, toys, hardware & more)! Clean and very well maintained building.

So much to offer on over 4.3 acres. There is a great building location to place a modular or build a home.

Become part of this community as owner/operator of

this area's local gathering spot.

Asking $409,000 MLS® N4505566

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Alberta B13B12 www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

Alberta’s second oilsands city – behind Fort McMurray – is a busy place these days. Really busy.

Cold Lake, roughly 290 kilometres north-east of Edmonton, is in the midst of cash-fuelled boom thanks to general growth in the energy sector and a major expansion project at Imperial Oil’s Cold Lake operations.

That project, known as Nabiye, will add about 40,000 barrels per day of oilsands pro-duction starting in late 2014.

To get there, of course, will require every-thing from roads, well pads, pipelines and a new processing plant to high-voltage power lines and a cogeneration power plant – not to mention $2 billion in cash.

Imperial has been busy ramping up con-struction activities for the past several months – bumping up activity in the city as a conse-

quence.While building-permit totals for Cold Lake

were only $29.2 million in 2010, they hit over $61 million in 2011 and have been chugging along in 2012.

Real estate sales have been strong, to say the least.

Colleen McEntee, executive officer for the Northeastern Alberta Realtors Association, said 2012 is shaping up to be a record year for sales in the city.

As of the end of August, there had been 346

DAVE HUSDAL

WEsTERN INvEsToR

single-family homes sold in the city in 2012, which is already more than the 331 sold in all of 2011.

Condo sales for the current year had also already passed 2011 volumes, McEntee said.

While summer sales are driven to an extent by transfers of personnel to and from 4 Wing Cold Lake, home to some of Canada’s best-trained fighter pilots, the bump in sales is more an indication of just how busy the oil-patch is right now.

sales volumes aren’t the only thing ris-ing. The average single-family home price is up about 5.6 per cent over last year to $344,649.

Cold cash in Cold Lake “We have very, very little inventory that’s

available right now,” said McEntee, noting the city of 14,400 only had about 50 single-family homes on the market as of early september.

According to Canada Mortgage and Housing Corp., Cold Lake’s vacancy rate for rental apartments fell from 4.9 per cent in April 2011 to only 0.3 per cent in April 2012. Rents, on the other hand, jumped about 3.8 per cent in that same time span.

Cold Lake was the second-highest-priced rental market in Alberta ($1,175 per month for a two-bedroom unit) after Fort McMurray as of April 2012.

Housing remains a significant challenge for employers looking for staff in the area, con-firmed Sherri Bohme, executive director for the Cold Lake Chamber of Commerce.

Rental crunch It’s likely to become even more of a crunch issue as trades flock to the Esso site as con-struction ramps up. The oil giant isn’t utilizing a camp for project employees because con-struction is happening relatively close to Cold Lake.u

Bohme says some local residents are taking the plunge and buy-ing a second home, hoping to cash in on the demand for rentals in the next few years.

Realtors aren’t alone in feeling the heat. “some of the retailers that I’ve spoken to are up 15 to 20 per cent [in sales] over last year,” Bohme said.

City population 12,525JEDI region population 25,483Trading area population 48,000Potential Industrial development

Wetaskiwin, AB

SPOTLIGHT A “second Fort Mac” forming as Imperial pumps $2 billion into Nabiye oil play

Alberta

sidebar

Cold Lake, ABPopulation 14,400Average house price $344,600Potential $2 billion oil patch play-30-

F15 Eagle takes off in 4-Wing Cold Lake action.

Phot

o: P

ocke

tbur

gers

.com

Population 14,400Average house price $344,600Potential $2 billion oilpatch play

Cold Lake, AB

CBRE Limited, Real Estate Brokerage

Development opportunity for 77 apartment condos or 68,270 GFA (M-C2)

$2,990,000 Million27,308 Square Feet

Bridgeland

Development opportunity for townhouses or apartment condos (M-C1). $75,480 gross income


Marda loop

Development opportunity for townhomes (M-C1)


Marda loop

For further information, please call:

Harvey [email protected] 750 0525

Scott [email protected] 750 0516 500, 530 - 8th Ave SW, Calgary, AB www.cbre.ca

other land opportunities Inner city - high and medium density sites, medium density suburban sites, townhouse sites and seniors housing sites. Some availability in secondary mar-kets. Please call for details.

for sale: Three Multi-residential Development opportunities inner City, Calgary, aB

BC Championship Golf Courses For Sale • Par 72, 6616 yards, 18 holes • 12,000 sq. ft. club house w/ pro-shop, restaurant, lounge & banquet facilities • Driving range included • 8,000 sq. ft. custom built home • Plans for redevelopment of a 200-room hotel & convention centre

• Par 71, 6416 yards, 18 holes

• Located within an ocean side community • 9,000 sq. ft. club house w/ pro-shop, locker rooms, restaurant/bar & banquet facilities • Excess land for residential development

ERIC POON 604.714.4768 / KELVIN LUK 604.714.4766 macdonaldcommercial.com

PRICE $4,900,000PRICE $9,800,000

Duncan, BC Qualicum Beach, BC

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Alberta B13

INVESTMENT OPPORTUNITIES FROM BARCLAY STREET REAL ESTATE

EDMONTON OFFICE: p: 780-463-33324216 – 97 Street • Edmonton, Alberta, T6E 5Z9

CALGARY OFFICE: p: 403-290-0178Suite 200, 407 – 8th Avenue SW • Calgary, AB T2P 1E5

SOLUTIONSCOMMERCIAL REAL ESTATE Property

Management Office, Retail, Industrial

SALES AND LEASINGLand, Investment

SALES

LOCAL EXPERTISE

MATTERS

WWW.BARCLAYSTREET .COM

FOR SALE MAIN FLOOR RETAIL

CASEL MARCHÉ 2505 – 17th Avenue SW, Calgary, Alberta

KELLY [email protected]

RYAN [email protected]

For more information or to view, please contact:

p: 403-290-0178

Unique mix of local tenants: Market 17, J.Webb Wine Merchant, Bro’s Dough, Cassis Bistro and Blush Lane.

Gross floor area: 9,390 sq. ft.

Built in 2010.

FOR SALE RETAIL CENTRE

805 EAST LAKE BOULEVARDAirdrie, Alberta

GEORGE [email protected]


p: 403-290-0178

Leaseable area: 26,565 sq. ft. (more or less).

Serves the sporting population and benefits from its close proximity to Genesis Place Sporting Facility.

Strong mix of tenants.

FOR SALE OFFICE BUILDING

REAL EQUITY CENTRE1716 16th Ave NW, Calgary, Alberta

RICHARD [email protected]


p: 403-290-0178

Real Equity Centre provides a total rentable area of 27,421 sq. ft. over five floors above grade and a lower level which is improved as office space.

The building is ideally situated to take full advantage of 16th Ave.

FOR SALE RETAIL/RESTAURANT

739 2ND AVENUE SWCalgary, Alberta

RICHARD [email protected]


p: 403-290-0178

Downtown Calgary high density residential site for sale. Existing use includes 2 fully licensed restaurant and lounge premises. One leased, one available. Located 1 block from the Bow River in the Eau Claire District.

FOR SALE PROFESSIONAL OFFICE BUILDING

HEALTH PLUS OFFICE COMPLEX290 Midpark Way SE, Calgary, Alberta



p: 403-290-0178

Fully leased, well located South Calgary professional office building.

Zoning: I-B (Industrial Business).

Rentable Area: 31,648 sq. ft. (m/l)

FOR SALE DEVELOPMENT LAND

SOUTH ACHESON INDUSTRIAL AREA Acheson, Alberta

DOUG [email protected]



780-463-3332 403-290-0178

Development land – 122.44 acres

±0.57 of a mile Highway 16A frontage

Zoning contemplates a variety of light industrial and highway commercial uses.

SPRUCE GROVE EDMONTON

16A

60

FOR SALE MIXED USE REDEVELOPMENT SITE

CURTIS BLOCK 228-234 13 Avenue SW, Calgary, Alberta

KELLY [email protected]


p: 403-290-0178

Site size: approx. 29,750 sq. ft.

Zoning: CC-X (Centre City Mixed Use)

Exceptional site location in the surging Beltline/Victoria Park area.

SUBJECT SITE

FOR SALE COMMERCIAL DEVELOPMENT SITE IN MARDA LOOP

2002, 2008, 2012 AND 2016 34TH AVE SW, Calgary, Alberta


p: 403-290-0178

Site size: 23,000 sq. ft.

Land use: DC2D2012 (C-COR1 guidelines), FAR 2, 4 storeys / 16.5 metres

34 Avenue SW

19 Street SW

RYAN [email protected]

JEFF [email protected]

FOR SALE DEVELOPMENT LAND

1060 – 101 STREET SW Calgary, Alberta

DOUG [email protected]


14.2 acres.

Zoning: Direct Control – Bylaw 11Z96

Dual access to the site – off 101 Street and off the north side of the property.

p: 403-815-0283

B14 Alberta www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

For business expansion or relocation information contact Economic Development at:

780.992.6231 or visit www.fortsask.ca

seizing industrial opportunity

www.swancityrealty.com

FOR MORE INFORMATION CALL OREST: 780-679-8353

• 16 UNIT MOTEL in busy Northern Alberta with 100 seat lounge, VLTs, liquor store and restaurant. 2011 Rev. 716,000. Asking $990,000

• 63 ROOM FULL SERVICE HOTEL in beautiful West Central Alberta. 2011 Rev. $4.8Mil. Asking $7.2 Mil.

• 20 UNIT MA & PA MOTEL very clean with an established guest list. Asking $1.1 Mil.

• CAMROSE ALBERTA 4-PLEX Fully leased. Asking $429,900

• 114 ROOM FULL SERVICE HOTEL in scenic west oil country Alberta. Rev. $4.0 Mil. Asking $8.7Mil.

• 68 ROOM FULL SERVICE HOTEL in Central Alberta. Asking $3.5Mil.

• 12 GUEST ROOM OLDER HOTEL with renovated bar in Viking, Alberta. Asking $159,900

• STETTLER, ALBERTA 275 Seat Bar with pool tables. Stainless Steel table and chairs, large moveable stage. Large T.V. screen, separate D.J. room, exceptionally clean. Negotiate your own lease. Asking $80,000

ALBERTA INVESTMENT OPPORTUNITIES!

EMAIL: [email protected] • FAX: 780-672-1897Camrose Alberta

PENDING

current offerings• A Flagged Limited Service Hotel with an excellent mix

of rooms and suites, a prime location, superb condition - no deferred maintenance -, very impressive revenue performances that are continuously increasing year over year, thus representing a tremendous potential upside going forward. Asking $32,000,000

• A Flagged Full Service Hotel, excellent condition no differed maintenance, first class Location that speaks for itself, superb occupancy and resultant revenues, mortgage financing at a very good rate, an investment the ultimate Purchaser will be very pleased to have in its investment portfolio. The up-side of this great Hotel going forward, is very good. Well priced at $26,500,000

• A flagged Limited Service Hotel with various amenities and conveniences, excellent condition, highway exposure in an area of superb economic growth that delivers very good revenue performances, which shows substantial up-side potential growth going forward, under continued good management. Asking $14,500,000.00

• A flagged 99 Room Full Service Hotel Featuring a number of suites and lofts in its room mix, extra vacant land that will facilitate a significant number of rooms well beyond its current number. Large, conference/banquet area with excellent facilities, restaurant/lounge, fitness centre; a very recent complete up-grade renders the hotel in superb condition with no differed maintenance currently. Asking $12,000,000

• 148.41 Urban Reserve Land with potential uses for highway commercial and residential in a town with tremendous growth potential going forward, very reasonably priced at $2,990,000

• The skiing season is almost at hand, take this fantastic opportunity to acquire by way of purchase in a very popular Ski Resort, a New Deluxe 2-Bedroom Condo, consisting of 2-bath rooms, fireplace and cable among many other superb features. Plus the many other amenities such as swimming pool, sauna, fitness center, indoor parking to name but a few on the many features within the unit and the Building Complex. Immediate possession available, a great buy with cash to an existing mortgage of $326,200.00 more or less, at a very low interest rate. Asking Price of $499,000.00

BUSINESS & INVESTMENTS

MOTEL IN SUNDRE * Asking: $2.49M * SALES: $752,047 * NOI $366,681 * 25 UNITS * 17 VLT’S

MOTEL IN DIDSBURY * Asking: $650,000 * Busy motel

* 17 Units + 30 Seat restaurant

GAS STATION IN SUNDRE * Asking $690,000 * Sales: $1,368,445

STRIP MALL IN CARSELAND * Asking: $2.2M * NOI: $140,400 * Building size: 12,600 sqft

RETAIL BUILDING IN CALGARY * Asking: $669,500 * NOI: 35,800

GROCERY STORE IN MORSE, SK * Asking: $290,000 *Sales: $733,140 * Only grocery store in the village

LIQUOR STORE IN VULCAN * Asking: $280,000 * Sales: $528,000

LAUNDROMAT + DRY CLEANING IN ROCKY MOUNTAIN HOUSE * Asking: $324,900 * Sales: $293,501 * NOI: $144,480 * 12 Washers, 13 Dryers * Size: 3,164 sqft * Rent: $4,176

rocky parkcIr rEaLTy

403-681-7512www.rockypark.ca

Commercial,Industrial & ResidentialFinancing

P (403) 290-1990F (403) [email protected]

Obtaining Mortgages and Loans can be made Easy &

Simple!

Contact:Frank Hickey

• CAR WASH, I hour from Edmonton: $2.95mil. Sale $600,000

• MOTEL: Asking $1.28mil27 rooms, sales $320,000(7 years steady) Vulcan, AB

• GAS STATION + MOTEL, Smokey Lake, AB.$2.1 mil, 25 rooms + leased bay. In Gas: 2.5 mil, In-store : $1.0 mil, Rental income: $80,000

• MOTEL, Whitecourt: $5.25 mil, 111 rooms

• MOTEL (Franchise) Medicine Hat: $5.79 mil, 70 rooms

Thomas Koh (CIR)

[email protected]

Call 306-244-0981or [email protected]

COLD LAKE MULTI-RESIDENTIAL

LAND FOR SALEWith $2 billion in new oil sands development by Imperial Oil, Cold Lake is Alberta’s hottest city. Multi-residential land is well-located, serviced, zoned and ready for construction.

B14 Alberta www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORWESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com B15

Fort Saskatchewan Mayor Gale Katchur isn’t shy about promot-ing her community.

“You can work here. You can play here. You can have a business here. I always say, ‘It’s a great place to invest,’” she said, describing the lure of the city of 20,475, situated northeast of Edmonton in Alberta’s industrial core.

Katchur may be a bit biased, but the com-munity’s strong growth suggests she’s right. Not only has Fort Saskatchewan shown population spikes in the last several years, it’s also attracted investment in projects large and small.

That’s expected to continue, both in the city and on its doorstep, in the counties of Strathcona and Sturgeon.

The former, for example, is home to Shell Canada’s Scotford Upgrader, which turns oilsands bitumen into refinery-ready crude oil. In early September, Shell announced that it will spend, along with its federal and pro-vincial government partners, about $1.35 bil-lion on an initiative called the Quest Project, which will capture and store approximately one million tonnes of carbon dioxide gener-ated annually by the upgrader.

The greenhouse gas will then be piped 80 kilometres north and injected two kilome-tres into the ground, cutting CO2 emissions at the plant by 35 per cent – roughly the same amount produced annually by 175,000 pas-senger vehicles.

The project will generate 700 jobs at its peak, and will average 400 positions during construction over a 30-month period begin-ning this fall.

Light industrialWhile that work will be spread out in shops and yards around the Edmonton area, Fort Saskatchewan will benefit as the urban centre closest to the upgrader – and will undoubtedly see businesses expansions as a result.

“Our light-industrial lands are now taking off. We finally have serviced lands. We have one announcement after another that’s com-ing forward,” Katchur noted.

She added that “there’s a lot of talk about Fort Saskatchewan in Calgary, and what we have to offer, primarily because we’re in Alberta’s industrial heartland.”

The industrial heartland region, already known as the centre of the province’s refin-ing and petrochemical industry, is eyeing yet another project in the future: the North West Upgrader.

The new upgrader would be situated rough-ly 20 minutes northeast of Fort Saskatchewan at Redwater, but it would also be a growth driver for the Fort.

While Katchur says her community doesn’t need the North West Upgrader to keep boom-ing, it certainly isn’t going to slow things down if it goes ahead.

According to Harold Walters, a longtime Fort Saskatchewan commercial realtor with Royal Lepage, “We’re all optimistic the North West Upgrader is going to go ahead, and we feel that will impact us quite a bit.”

REGIONAL ROUNDUP Fort Saskatchewan cashes in as key production hub for the Alberta oilsands

DAVE HUSDAL

WESTERN INvESTOR

Like Shell’s Scotford project, the North West project is tied to what happens in the Fort McMurray region and the rest of north-east Alberta.

Fort to Fort While oilsands development impacts demand for industrial land and shop space throughout the capital region, it has an even greater potential effect on Fort Saskatchewan, due to the fact the city is that much closer to the oilsands action.

Upgrading a city

Phot

os:

City

of

Fort

Sas

katc

hew

an

Oilpatch-support businesses fabricating what’s needed in the Fort Mac area are rough-ly 45 minutes to an hour closer to the oilsands capital than industrial hubs such as Nisku and Leduc on the south side of Edmonton, Walters notes.

But that’s only for vehicles with regular travel times.

For oversized loads destined for Highway 63 and beyond, the time advantage is mea-sured in hours.

Please see Advantages page B16

Alberta

RIGHT AND ABOVE: Work continues on Fort

Saskatchewan’s new city hall and library complex,

part of an upgrading of the downtown core as the fast-growing city aims to

attract more residents and businesses.

CUTLINE = CUTLINE = Work continues on Fort Saskatchewan’s new city hall and library complex, part of an upgrading of the downtown core as fast-growing city aims to attract mkore residents and businesses.

Photo: City of Fort Saskatchewan

Photo: City of Fort Saskatchewan

INVESTMENT PROPERTY FOR SALE16,107 sq ft building on 1.03 acre site in Light Industrial Park in Fort Saskatchewan. Facility has both grade and dock loading. International tenant currently leases 11,145 sq ft. $1,850,000 1.1 ACRE LOT FOR SALE Located in the Hamlet of Josephburg, just outside of Fort Saskatchewan. Great location near the Industrial Heartland ideal for multi units or duplexes. $249,000

1/4 SECTION IN INDUSTRIAL HEARTLAND1/4 section with homestead including house, barn, double garage and other out buildings. Located between Bruderheim and Lamont. $1,200,000

160 ACRES NEAR BRUDERHEIMLocated in the Industrial Heartland, near future CPR line. Oil wells and salt water disposal well revenue. $1,472,000

INDUSTRIAL AND COMMERCIAL REAL ESTATE NEEDSServing FORT SASKATCHEWAN and area’s

For Over 30 YEARS

Call HAROLD at 780-998-7801 or 780-998-7653

www.998sold.com

INDUSTRIAL AND COMMERCIAL REAL ESTATE NEEDS

LOTS FOR SALE IN INDUSTRIAL PARKLocated in the light industrial park in Fort Saskatchewan, these 2 lots total 3.37 acres and have great access to the highway and close to other major industrial businesses and major shopping district. $1,213,200

COMMERCIAL LOT FOR SALE IN GIBBONSProperty located on Main street in the town of Gibbons, this 0.27 acre lot is in a prime location for restaurant or commercial use. $395,000

Variety of retail and offi ce leasing opportunities in Fort Saskatchewan, including Fort Mall, Urban Centre, Square One and Eastgate Business Park.

B16 Alberta www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORWESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Alberta B17

Fort Saskatchewan, ABPopulation 20,475 Growth rate 5.3 per cent (2007 to 2012)Industrial land $350,000 per acreAverage detached house price $300,000Largest private-sector employer Dow Chemical CanadaFrom downtown Edmonton 20 minutes

Quick factsADVANTAGES from B15“If you’re talking about the oversized

loads, we’re actually four hours closer [to Fort McMurray],” Katchur explained.

It also has some key advantages, from, in most cases, lower-priced industrial land to more attractive tax rates – something the mayor can’t help but mention.

Low taxes The Canadian Federation of Independent Business certainly backs her up.

According to its survey of the 13 munici-palities situated within the industrial heart-land zone, businesses in Fort Saskatchewan enjoy the fifth-lowest property tax bills in the region, shelling out $775 annually per $100,000 of assessed value in municipal taxes in 2011.

While the Fort was behind such assessment-rich counties as Leduc and Parkland, it was well ahead of communities like Edmonton, the City of Leduc and St. Albert.

In fact, Fort Saskatchewan’s commercial tax bill for the same assessed value was only 55 per cent of the Edmonton bill.

Residential taxes in Fort Saskatchewan are also comparatively lower (the fourth-lowest among the 13 Capital Region jurisdictions),

with a $250,000 home stuck for only $1,008 in municipal taxes in 2011.

Upgrading services While the city is growing significantly – 9.77 per cent in the past two years and just over 5 per cent annually since 2007 – renewal projects have also been a main focus.

About $8 million was spent on an impres-sive upgrade to 100th Avenue in Fort Saskatchewan’s historic downtown, and a new city hall and library expansion are cur-rently underway.

The project also includes construction of a civic plaza that will offer opportunities to host community events.

The downtown revitalization work, which included small grants to qualifying business-es, has given the area a “boutique-ee” feel, says Walters, more like a chic inner city than a suburban street.

Permits nudge $60MWhile it isn’t experiencing record growth in 2012, Fort Saskatchewan remains a very active place for homebuilders and developers alike.

The city issued building permits for approximately $59 million in new construc-

tion for the first seven months of 2012, and counted 195 housing starts for the year to August 23. That includes 154 houses and 40 multi-family or duplex units. Typical rent for a two-bedroom is $1,040 per month.u

Sidebar

Map from JAN 08 WI (Leduc which is close to Fort Sask) or OCT 03 WI

Quick facts

Fort Saskatchewan

Population 20:475 Growth rate 5.3 per cent (2007 to 2012)Industrial land $350,000 per acreAverage detached house price $300,000Largest private sector employer Dow Chemical CanadaFrom downtown Edmonton 20 minutes

-30-

EdmontonStony Plain

Spruce Grove

2

Sherwood Park

St. Albert

Red Deer

Calgary

6

1614

2

FoRt SASkAtChEwAn✪

Contact: John, C NamDirect: (604) 805-9131 Fax: (604) 931-1209Email: [email protected] Banker Westburn Burnaby, BC Canada WESTBURN

Prince George B.C. Price $9.5mFull service Hotel w/120units – 2.5m room sales + restaurant /lounge, 9%+ cap

Manitoba Price $7.2mFranchise Motel w/80 units – renovated in & out – busy year round, built 1998

Grande Prairie AB. Price $4.4mMotel w/62 units w/Laundromat & leased restaurant - $1m sales / yr

Clinton B.C. Price $1.3m + stockGas Bar w/Grocery Mart - $3.8m sales /yr – on major Hwy, 20% cap

Chilliwack B.C. Price $2.4mBowling Alley 24 lanes w/lounge – PH suite – 3 storey 40,000 sq.ft., 12% cap

Alberta Price $5.2mMotel w/52 units – 7yrs old – space for room expansion / shift to Flag - sales $1m+/yr

CENTRAL ALBERTA

• DEVELOPMENT LAND

• GOLF COURSE/

33 SITE CAMPGOUND

• 133 ACRES ON PAVEMENT Only 2 km from City of 17,000

• IRRIGATED 18 HOLES

• 19 STALL DRIVING RANGE

• NEW 2500’ CLUB HOUSE

w/ Full Comm kitchen Seats 90

• 4800’ Maintenance Building

• 1040’ 3 BR Upgraded Home • 33 SITE SERVICED RV PARK

30 Amp & Water, Wash & Showers,

Sani Dump Station FAMILY OWNED & OPERATED

Showing Excellent Growth

Redevelopment and Expansion

Opportunities on Unused Land!

ZONED RURAL REC

FSBO $2,750,000 Serious Inquiries Only Please

780.679.3408

We are looking for 1st or 2nd mortgage lending opportunities for:

• Single and multi-family residential developments

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• Re�nancing / acquisitions

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• Bridge loans

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CareVest has been providing its industry leading lending services since 1994. Our integrated real estate services specialize in the investment, �nancing and syndication of real estate mortgages throughout Western Canada and Ontario.






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• 4000sqftPenthouseOfficeSpaceForLeaseon17AveSW

• 2175sqftWestDowntownOfficeCondoForSale$761,250

• 8SuiteApartmentBuildinginMardaLoop$1.2M

• 3200sqftOffice/Showroom&3,600sqftWarehouse

•FineEthnicRestaurantwithgreatlocation$349,000

• CanmoreLiquorStoreBusinessOnly$274,900

• BuyerBrokerageforAlbertaMulti-FamilyPropertiesandWesternCanadaGolfCourses

Bus: (403) 240-4000www.toolepeet.com

Email [email protected] to Receive Our Current Alberta Apartment Report!

Dusty smith teamSUTTON LANDMARK REALTY / RED DEER, AB

403-347-0744 • www.dustysmithteam.ca

Central alberta Campground opportunities

laKeFront! 403-347-0744

KAciKEwiN cAMpgROUND & cABiNSOnly 40 min. west of Edm. 10.00 +/- Fully treed acres. 89 beautiful lakefront sites. Fully rented last 9 yrs. Store/Manager's residence. Room for expansion! Large sandy beach area. Located west of Alberta Beach on Lac Ste. Anne.

$3,250,000

WANTED: fArm lAND iN cENTrAl AlbErTA. WE HAVE bUYErS!!!

piNE LAKE cAMpgROUND (ScOTTYS FAMiLY RESORT)

**ONlY 90 miNUTES NOrTH Of cAlgArY**

• 26 Fully serviced RV sites • Boat launch/dock • Residence/store• 165' lakefront w/sandy beach• Only lakeside store on entire lake• Located next door to Whispering Pines

Golf & Country Club

$2,000,000


www.cwedm.com780-420-1177

1-877-429-9373

2300 Sunlife Place, 10123 - 99 StreetEdmonton, AB T5J 3H1

INVEST IN THESE OPPORTUNITIES

Contact: Doug Fogg [email protected]

• Elinor Lake Resort; 150 acres of lakeside residential land near Lac La Biche, AB

• 29 units in two buildings in Wetaskiwin; 80% 2-bedrooms

• Highrise site in Rutherford; 1.02 acres zoned for 105 units in dynamic area

• High density development sites & apartment opportunities in Wetaskiwin

• Lac La Biche Mobile Home Park, 58 pad and 157 acre site

• 83 units, Morinville; 10 minutes from St. Albert; built 1980

Stettler Shopping Mall

91,403 sq. ft.; The Brick, Peavy Mart, ATB.

For Sale - $60/sq.ft

MULTI-FAMILY PROPERTIES

Westlock Shopping Centre

64,218 sq. ft.; Peavy Mart, Bargain Shop. For Sale - $49/sq. ft.

FOR SALE - VINET’S VILLAGE MALL, VEGREVILLE, ABPurchase this 63,000 square foot retail centre in the heart of Vegreville. Existing tenants include The

Bargain Shop, Value Drug Mart, and Town Medi-Clinic. The largest retail strip mall in town; price reduced to $91.50/sq. ft.

Contact Dave Cooney or Doug Fogg - [email protected]

WESTBAY CENTRE• +40,374sq.ft.office/warehousebuilding;

excellent tenant mix• Dock and grade loading • ideal owner/user building with income• Asking $6,000,000

MULHURST BAY CROSSING132.4 acres on Pigeon Lake; Area structure plan approved for 207 units and 200 site RV seasonal park; 10.28 acres commercial development site.

INDUSTRIAL BUILDING FOR SALEClose access to Yellowhead & St. Albert Trails,

as well as Anthony Henday Drive. Three building complex,fullyleasedwithfivetenants.$6,200,000

Contact: Jeff McCammon or Doug [email protected]

Contact: Ian [email protected]

Contact: Chris Kamphius or Raphael [email protected]

DEVELOPMENT OPPORTUNITIESCOMMERCIAL CONDOS

3,000 - 9,500 sq. ft.; Perfectly located on Fort Rd. at Wayne Gretzky Drive and Yellowhead Trail

Starting at $110/ sq. ft.

Contact: Burke [email protected]

+/- 0.947 ACRES: Valemount, B.C. Zoned C3 (Service Commercial). $49,500

+/- 1.05 ACRES: Valemount, B.C.. Zoned HC (Highway Tourist Commercial). $455,000

+/- 6.84 ACRES: Fronting St. Albert Trail, Zoned IB (Industrial Business). Two separately titled lots. $6,220,000.00

+1.18 ACRES: Well located with direct expo-sure to 50th St., Zoned CSC (Shopping Centre). $1,362,000

+19.49 ACRES: Great access to Anthony Henday & Highway 16, Zoned IM (Medium Industrial)

DevelopmentlandinHigh-TrafficareaLocated in Spruce Grove on Jennifer Heil Way, north of Hwy 16. Adjacent to Superstore and

Home Depot; Parcels from 1 – 3.75 acres; Great owner/user land.

EDMONTON SPORTSDOME• 3.84 acres of land with 85,000 sq.ft. complex• $1.2 million in projected sales for 2012• $6,000,000

PRIME WEST EDMONTON LAND• ZonedRA7• Readytobuild–upto172units• 3.34acres• Asking$4,175,000

Contact: Dave Cooney or Doug Fogg [email protected]

FUTURE PETRO CANADA RETAIL SITE

Purchase site with a 20 year land lease in place, located in Nisku Site will include Petro Canada

Convenience Store/Gas Bar and A&W Restaurant.

Asking Price: $3,600,000

Contact: Ian [email protected]

CALGARY OPPORTUNITIES

KEN WITHER • 587-215-2245 • [email protected] • RE/MAX House of Real Estate

BEAUTIFUL 2 STORY BUILDING $1.3M4,700 sq ft ideal for professional offi ces. NE Calgary close to Deerfoot & Transcanada. Corner lot, 17.6 m * 38.2m.

RESTAURANT AND PROPERTY FOR SALE $1.5MNE Calgary restaurant offering fi ne dining. Has liquor licence. 3 bays totalling 3,500 sq ft. One bay leased out.

INDUSTRIAL BAY SE CALGARY $249,9001000 sq ft plus mezzanine. Well maintained in 8 unit complex. Vacant.

Prime Real EstateRReeReRReRSylvan Lake, Alberta

BUSINESSES • COMMERCIAL LAND • LAKEFRONTS Central Alberta

Pizza Business, Restaurant/Bar Business, Land & Building across from the Beach.

Call CARL STEPP cell: 403-358-9300

www.sylvanlakehouseguy.com


With connection in more than 85 counties worldwide put the Power of the RE/MAX brand to work for your commercial, industrial, agricultural, investment or international real estate needs.

Each office is independently owned and operated.commercial.remax-western.caGet the Power.

Get the Power. To view commercial properties or find a RE/MAX Commercial practitioner near you, visit

commercial.remax-western.caEach office is independently owned and operated.

REALTY PROFESSIONALS

Corner of McKnight Blvd& Stoney Trail NE

LAND AND PROPERTY FOR SALE

Excellent Property with 23.05 Acres of land with 1488 sq ft Bi-Level walk out basement house within the Calgary city limit. Enjoy the country living inside the city limits. Total 6 bedrooms and 3 with ensuite bath. 2 Kitchens and a large deck facing Stoney Trail. MLS® C3524429

CALGARY, ABTwo Marble Slab Creamery Locations Available

• Store equipment is brand new • Good mix of tenants• Very busy shopping centre • MLS# C1020914

• Busy 17th Ave SW location • Brand new equipment• Good mix of tenants • MLS# C1021237

Virtual tour at www.myvisuallistings.com/vt/83897/photo/

Virtual tour at www.myvisuallistings.com/vt/90385

MARBLE SLAB CREAMERY MARBLE SLAB CREAMERY

• Store equipment is brand new • Good mix of tenants

$339,000 • Busy 17th Ave SW location • Brand new equipment

$359,000

Business Only - turn Key franchise operations

Virtual Tour at: www.360pics.ca/vinjaythankey/1

Each offi ce individually owned and operatedEach offi ce individually owned and operated

VIJAY THANKEY 403-554-4268www.vj2good.com [email protected]

Investments Calgary area

RE/MAX ACA REAlty

(403) [email protected] Realty

For more information on these and other properties

DOn saCKettcall

• 310acres, mountain view, 2 titles Priced to sell

• EastBalzac - NE of Calgary – 151 acres, 1250 sq.ft. bungalow, 40’ x 80’ Quonset

• CARWASH – great investment – call today

• 60seatrestaurant excellent return

• CROSSFIELD – 2 acre industrial lot–forsaleorlease

• Largeindustrialcomplex for sale or lease total of 93000 sq.ft. of building- building can be leased separately – all on 6.7 acres

• CARSTAIRS– Commercial lots for sale – priced to sell – call for more details

• 137acres industrial land annexed into Crossfield, services close by, ready to be developed – excellent potential

• 141acres annexed into Crossfield, excellent potential

• 132acres highway#2frontage, 20 minutes north of Calgary – call today

• 279acres located next to Crossfield – possible development possibilities C/S

• 137acres with #2highwayfrontage – excellent access

• 151acres east of Airdrie – PRICEDTOSELL

• 79acres Chestermere – excellent develop-ment potential

• AIDRIE–Investment property-5000 sq.ft. industrial building – fully leased

7.93 ac C3 Zoning on Hwy 13 opp. of Airport In Wetaskiwin. $799,000

1.70 acre fully serviced industrial lot ready for development. In Stony Plain $559,900

5 acres country residential lots near Drayton Valley $65,000 ea.

39 Ac - Land on Hwy 21. Near Edmonton & Beaumont.

135 Ac - Land on Yellowknife Hwy in Vegreville.

125 Ac - Land near Drayton Valley. These lands have a good dev. potential for self storage, RV/Trailer park & residential lots.

Goldy SinGh Empire Real Estate Group

780 499 8500 [email protected]

REALTY EXECUTIVESNorth Star EdmoNToN

FUTURE DEVELOPMENT LANDNORThEAsT EDMONTON

3 80 acres future zoning from AG to Edmonton Energy & Technology Park Manufacturing

3 Near Anthony Henday North Leg between Manning Dr. & 50th St.

Toll Free 1-877-428-2879

Cell 1-780-953-0306

HAROLD SCHMIDT CRESASSoCiATE bRokER

[email protected]

RICK D. JENKINS bus: 780-990-6120 • cell: 780-990-6120

..email: [email protected] REALTY Commercial Realtor

INVESTMENT PROPERTIES FOR SALE2 acres on Ellerslie Road in Edmonton, busy south side corridor. Now being rezoned to DC2 for commercial, retail usage development $2,170,00082 acre parcel adjacent to commercial corridor along St Albert Trail. Proposed land use concept to Mixed Use for Residential/Commercial/Business $12,300,00068 fully serviced Mobile HoMe vacant titled lots located within a modern Mobile Home Park in High Level, AB. MLS # E1014318 Price slashed to $975,000- NOW PENDING

I need investment properties for all ICI categories. Looking for apartments, commercial/retail buildings, industrial

properties etc. Free evaluation!

73.91 acres located within the town of Sundre with great mountain views, a half mile of Red Deer River frontage, at least 2 year round springs with ponds. Mostly open grassland with mature trees. Unlimited potential for future development or keep as a beautiful property to build & live on. Located at the end of 6 Street SW.

$1,500,000

Sundre, AlbertAdevelopment lAnd

For SAle

Kimberly KimbAll, RE/MAX Complete Commercial

[email protected]

REACH QUALIFIED BUYERS FOR YOUR LISTINGS

call Gary Takahashitoll-free: 1-800-661-6988 direct: (604) 608-5111

[email protected]: (604) 669-2154

Attention

Agents:


With connection in more than 85 counties worldwide put the Power of the RE/MAX brand to work for your commercial, industrial, agricultural, investment or international real estate needs.

Each office is independently owned and operated.commercial.remax-western.caGet the Power.

Get the Power. To view commercial properties or find a RE/MAX Commercial practitioner near you, visit

commercial.remax-western.caEach office is independently owned and operated.

RE/MAXCold Lake

2000

$2B Expansion at Cold Lake oilsandsTake advantage of the economic spinoffs

¼ SECTION, 150 ACRES At entrance to Cold Lake $650,000

¼ SECTION 145 ACRES Adjacent to city of Cold Lake boundary and golf course. Zoned Country-Residential $689,000

¼ SECTION 132.8 ACRES Overlooking Jessie Lake. Adjacent to town of Bonnyville boundary. Future Country-Residential or annex to Bonnyville $795,000

COMMERCIAL LOT IN COLD LAKE On Lakeshore Drive 55' x 199' $199,000

7.2 ACRES zONED hIghwAy COMMERCIAL

Services & Offsite levies prepaid! $749,900

4 ADjOININg COMMERCIAL LOTS Highway exposure $95,000 each

Larry Melanchuk, Associate Broker

Cell: 780.826.0100 www.coldlake.info TF: 1.800.707.8374 A Division of Cold Lake 2000 Realty. Independantly owned & operated.

COLD LAKE OPPORTUNITIES

For Sale: office Condo Calgary aB Asking $675,000

• Excellent Manchester location. Main floor unit, 5740 2 St. SW.• Walking distance to Chinook LRT station• Over 2000 sf (wheel chair accessible)including 7 offices (all tile flooring), large board room area, utility hallway, kitchen and 2 bathrooms• Includes 4 parking stalls and visitor parking• Built in 2002, in move-in condition!

Call richard Kim 403-616-0734 RE/MAX House of Real Estate

ROB REGAN 780-490-9324 • [email protected]

www.RobReganRealEstate.com

RE/MAX REAL ESTATE

10510 121 St., Edmonton, ABT5N 1L4

www.RobReganRealEstate.com

INVESMENT ALERT DIAMOND ESTATE ESTATE LOTS FOR SALE

Beautiful recently developed lots just off west of Beaumont and south of Ellerslie Road. It is a prestigious executive estate neighborhood located at TWP 510 and R.R 245 in Leduc county with quick and easy access to hwy 2 and only minutes away from Beaumont, Millwood’s town centre, Nisku, Leduc, Edmonton south common, Edmonton International

Airport and Port Alberta. The premiere subdivision has beautiful landscaping, adventurous walking trail, and affl uent park space with gorgeous 4 acre lake. Diamond Estate lots are

fully serviced including: gas, water, power, high speed internet and cable, sewer and paved roads. Hurry up you can start building your next home in this prime location.

www.canadiancattleranches.com

GreG Cripps

Pine Lake Development lanD 147 aC

Excellent location for development or holding investment at Pine Lake, Alberta. Directly across the road from large upscale Campground and Golf Course. Development potential may range from residential to commercial. $2,100,000.

Bus 403-343-3020 Cell 403-391-2648

Central Alberta • Red Deer, AB

City of WetaskiwinEconomic DevelopmentP.O. Box 6210Wetaskiwin, Alberta T9A 2E9 www.wetaskiwin.ca

• Commercial & Industrial Development Opportunities• Single Family Homes & New Apartments Required• 35 minutes to Edmonton and 60 Minutes to Red Deer

• Retail & Hotel Development Opportunities• SKYPORT at Wetaskiwin Airport Sites Available • 44,000 loyal shoppers in immediate trading area

For Details Contact:rOnALD hOLLAnD (780) 361-4404Edm Dir: (780) [email protected]

RUBY HILLS COUNTRY ESTATESFully approved 197 acre development re-zoned country residential with 71 lots. Just 25 minutes from Edmonton Interna-tional Airport. Engineering, designs and permits complete.

ATTENTION INVESTORS AND DEVELOPERSCounty of Wetaskiwin, Alberta

Dawn Heisler 780-619-2564 [email protected] RE/MAX Real Estate (edm)

Reduced! $2,449,000 obo


Ken Shebib, CCIMMOB +1 780 863 7355

DIR +1 780 881 6297 [email protected]

Hotel Opportunities

Colliers Macaulay Nicolls Inc.3555 Manulife Place, 10180 – 101 Street Edmonton, AB T5J 3S4

+1 780 420 1585www.colliers.com

Investment Opportunities

Land Opportunities

Retail Investment Opportunities

GATEWAY VILLAGE Unit 114, 2920 Calgary Trail

South, Edmonton, AB 1,246 SF new retail condo

building, highly visible to Calgary Trail. Price: $467,000

PONOKA CENTRE 4800 Highway 2A, Ponoka, AB 19, 648 SF of leasable area with approximately 6 acres of excess

development land. Tenants include Boston Pizza, Esso, Dairy

Queen, Subway, and Dominos. Price: $8,000,000PONOKA LUBE-X BUILDING

4714 - 50 Street, Ponoka, AB 2,512 SF freestanding building,

strong Covenant Tenant, Average Rental income - $69,500

Price: $868,750

PONOKA TOWNE CENTRE 5011-48 Avenue, Ponoka, AB 26,782 sf fully leased retail complex. The Bargain Shop, Medical Clinic, Pharmacy. Year I Income - $298,367

Price: $3,500,000

COAST HOME CENTRE Edmonton, AB

FOR SALE

1,600SF-30,000SF commercial condos. Great investor and owner/user opportunities.

COLD LAKE DEVELOPMENT LAND

Cold Lake, AB FOR SALE

470.36 acres of future commercial and residential development land.

Highway frontage. Price: $3,000,000 ($6,378/acre)

EDGEWORTH RESIDENTIAL DEVELOPMENT LAND

PORTFOLIO FOR SALE

Riverbend Heights - Athabasca, AB:

144 acres of land for future development. Price: $2,160,000

Deer Meadows I & II - Cold Lake, AB:

2 adjacent parcels totaling 219.24 acres. Parcel 1: 154.66 acres, Price: $2,310,000. Parcel 2: 64.58 acres,

Price: $975,000Halfmoon Lake Land - Halfmoon

Lake, AB: +/- 295 acres. 30 minutes north of Edmonton. Price:

$1,180,000

KING EDWARD CENTRE Edmonton, AB

3 large residential suites; 3 commercial units; $890,000

HUGE UPSIDE! Fort Saskatchewan, AB

180,000 SF, 12 acres. Reduced to $5.3 million ($30.00 PSF)

Multifamily Opportunities

PARK AVENUE INN Fort Saskatchewan, AB

Limited service, 99 rooms, built between 1995 to 2000.

Asking $10,400,000

REVELSTOKE (14 Units) NEW LISTING

Revelstoke, BC New roof, furnished suites, open

concept kitchens

SPRUCE GROVE MULTI-FAMILY SITES Spruce Grove, AB

5 x Multi family development sites. Ranging from 1-4 acres. Within THE LINKS Golf Course.

BOUNDARY LANDS - SPRUCE GROVE/STONY

PLAIN Boundary Rd & Highway 16A

Stony Plain, AB 152.61 Acre development site.

Future commercial, industrial and residential

DEVELOPMENT SITE Near Edmonton, AB

RA-7 Land. 7.4 acres. Infill site, beautiful trees, south side location,

Rutherford area.

INDUSTRIAL LOTS FOR SALE

Nisku, AB (VIP Lands) Fully serviced; 1.5 acres & up;

$375,000 per acre

Land & Building Opportunities

Fort McMurray Opportunities

Perry GerelukDIR +1 780 969 2979 [email protected]

Accelerating success.

Casey McClelland Eric SlatterDIR +1 780 969 3003 DIR +1 780 969 3043 [email protected] [email protected]

Amit GroverDIR +1 780 969 3006 [email protected]

Jandip Deol, CADIR +1 780 969 3043 [email protected]

DOWNTOWN EDMONTON HOTEL

Edmonton, AB Higher quality hotel, significant

food and beverage. Asking $9,400,000

9903 - 156 ST. (12 Units) PENDING

Edmonton, AB New roof, new boiler, new windows, fully renovated

STARS INN & SUITES Fort Saskatchewan, AB

Turnkey opportunity. Limited service. 92 room. Modern

amenities. Asking $11,800,000

8255 - 95 AVE. (22 Units) NEW LISTING

Edmonton, AB New boilers, new windows, suites fully renovated, excess land, 0.7

Acre site

BEAVERLODGE MOTOR INN

Beaverlodge, AB 60 rooms. Gross revenue of $4.15

million. Listed at $5,500,000

10651 - 105 ST. (11 Units)

PENDING Edmonton, AB

Renovated suites, well-maintained, fire code compliant, LRT upside

RENTER CENTRE PORTFOLIO (210 UNITS) LISTING

Edmonton, AB Now accepting bids

280 MacLennan Crescent Fort McMurray, AB

Two buildings fully leased. Excellent income. $6,750,000. Great opportunity.

FISHER POWERLINE Fort McMurray, AB

230 Taiga Nova Crescent. For lease. 4,575 SF bay with ample parking

KUUSAMO DEVELOPMENTS Fort McMurray, AB

• 405 Taiga Nova Crescent

• Excellent location

• 10,080 SF available

• Excellent tenants

KUUSAMO DEVELOPMENTS Fort McMurray, AB

• 400 MacKenzie Boulevard

• For sale and lease options available

• Excellent location

• 1,584 SF - 29,040 SF available

• Assigned Parking 185 TAIGA NOVA CRESCENT FOR PROPERTY SOLUTIONS

Fort McMurray, AB• 35,081 SF available• 3.19 acres• For sale or lease options• Excellent location and parking available

TWO COMMERCIAL LOTS PLUS BUILDINGS

Anzac, AB Currently operates as a restaurant with staff accommodations. Excellent recent upgrades

and improvements. $1,400,000.

TWIN TOWERS ON MANNING AVENUE Fort McMurray, AB

Residential condominium project for sale. Price: $6,900,000.

OFFICE UNITS FOR LEASE Fort McMurray, AB

New buildings currently under construction. Occupancy late 2012.

MACKENZIE INDUSTRIAL PARK Fort McMurray, AB

3,750 SF shop for lease. Available immediately

ACUREN BUILDING Fort McMurray, AB

240 Taiga Nova Crescent. 12,978 SF for lease

RV PARK Fort McMurray, AB

140 lot RV Park on 29.04 acres. Located near Airport Road.

145 MACMILLAN ROAD Fort McMurray, AB

Land & building with great tenants fully leased. NOI $721,00. Excellent investment

with escalation annually.

Mark SwaenepoelDIR +1 780 969 3037 [email protected]

Andrew SimpsonDIR +1 780 969 3001 [email protected]

Mike KeatingDIR +1 780 969 3028 [email protected]

Matthew BestDIR +1 780 969 3036 [email protected]

Jeff GrobmanDIR +1 780 969 3031 [email protected]

Steven PearsonDIR +1 780 969 3023 [email protected]

LAMONT DEVELOPMENT LANDNE-20-55-19-W4, Lamont, AB

• For Sale - Judicial Listing• Future highway commercial and residential development land• 143 acres• Attractive financing available• Price: $1,430,000 ($10,000/acre)

www.edmontonapartmentbuildings.ca


Fort Macleod cop college nixedInvestors who jumped into the Fort

Macleod property market after the province confirmed funding for a new pro-vincial police college in that community earlier this year recently learned a hard lesson: don’t trust the government.

Faced with a mounting 2012-13 deficit thanks to lower-than-expected oil prices, the province is tightening its belt.

As a result, it’s nixed funding for some projects, including the $122 million training centre envisioned for the community 150 kilometres south of Calgary.

Red Deer industrial space tighteningRed Deer industrial tenants and owner-

users gobbled up roughly 305,000 square feet of space in that city between July 2011 and July 2012, according to a recent report from a leading central Alberta appraisal firm.

Soderquist Appraisals Ltd., based in Red Deer, found that the city’s industrial vacan-cy rate had dropped from 3.57 per cent last July to 3.33 per cent this summer, despite new space coming on the market.

According to Soderquist, actual vacant space shrunk by 4.8 per cent to 407,000 square feet as oilpatch and other businesses expanded in Red Deer.

Arena not only giant coming to downtown Edmonton More than a new, $450 million

arena complex could be headed for Edmonton’s downtown.

That ’s a key message in a research report prepared for the Downtown Business Association of Edmonton.

The report, completed in late summer, chronicles roughly $4.8 billion in devel-opments that are on the way, funded, proposed or rumoured for the Alberta capital’s core in the next five years.

While a new arena for the NHL’s Edmonton Oilers is a key piece to the puzzle, the report notes other significant potential developments, from the new $340 million provin-cial museum to $766 million in probable, proposed or rumoured residential projects.

The probable category for developments discussed in the report includes those already under construction, are expected to be proceeding soon or exhibit evidence of a high degree of probability of commencing within the next five years. This category includes just over $2 billion in projects, and includes $270 million to be spent on education cam-puses in the city’s core.

The report’s executive summary certainly has an element of boosterism to it, even with the healthy numbers: “The results are impressive. Downtown is poised to experience up to nearly $5 billion worth of real estate development and capital investment between now and the end of 2017. There is indeed something incredible taking place in the heart of Edmonton.”

Grande Prairie studies annexation City and county officials in northwest

Alberta were sounding upbeat in late summer as they worked toward an agree-ment that will help determine future growth in the Grande Prairie area.

The goal of the City of Grande Prairie and the surrounding County of Grande Prairie is to forge an agreement that can go to Alberta’s municipal government board for consideration.

The two districts agreed in 2010 to an intermunicipal development plan that would see the city annex roughly 6,300 hectares (13,800 acres) from the county.

Grande Prairie is back in growth mode after a slowdown in 2009 and 2010, and recently passed the 55,000 population mark.

“We’re pleased to see momentum occur-ring in this process and look forward to making further progress at our next ses-sion,” said Grande Prairie Mayor Bill Givens.

“Annexation is a key issue for the city with our ongoing growth, so we’re eager to see our application move on.”

Lacombe lands industrial deal The City of Lacombe approved the pur-

chase of roughly 34 acres of land in the Wolf Creek Industrial Park.

The city will use some of the land for its infrastructure-services building and yard, and resell the rest for development.

The land cost the city $1.65 million, said Lacombe’s mayor, Steve Christie.

Fort Mac’s Oil Sands hotel levelledA notorious Fort McMurray landmark

is being scrubbed to make way for downtown redevelopment in the oilsands city.

Demolition work is scheduled for this fall to clear the former Oil Sands Hotel – the home of the Oil Can Tavern and Teasers Strip Bar – that the Regional Municipality of

$450 million arena could anchor capital’s downtown.

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W h At ’ s h A p p E n i n g i n

Alberta

Wood Buffalo purchased on August 3 in order to facilitate future development of one of the downtown’s key projects. The old hotel was well known by both partiers and police, locals say.

“This demolition marks a visual milestone of our City Centre redevelopment,” said Brian Makey, deputy chief administration officer for Wood Buffalo.

Makey added: “Although redevelopment of the site is not scheduled to commence until 2013, demolition of the building needs to occur as soon as possible for public safety.”u

– Compiled by Dave Husdal

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Foundation in place, tendered plans, permits, ready to complete. 88 units. Creston, B.C.

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WHISTLER REVENUE TOWNHOUSE $399,000 3 bed - 3 bath - $2,400 pm income

36 units on 10 acres - Site Redevelopment Potential

DWTWN VAN – 2 LEVEL PENTHOUSE $999,000 1764 SF, 3 BD, 3 BTH, 2 Parking, below Tax Value

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Avison Young Lethbridge Inc.partnership. performance.

For further information contact:

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Kendal Hachkowski [email protected] 403.330.3338 ext 5 #217 - 200 4th Avenue S, Lethbridge, AB

Multi-Family Specials: New Opportunity $1,195,0002102 - 25 Street, Coaldale, 8 Units, Great Location, Higher End Construction, $92,000 Projected Income. Franchised Restaurant available. Call for details.

Downtown Opportunity $3,000,000122 - 5th Street South, Lethbridge, 29 Multi-Family Units, 3 Commercial Units, Large Penthouse Owner Suite with Double Car Garage. $210,000 Projected Income.

Val ToffoliPhone: 780-707-9395

REALTY ExEcuTiVEs POLARis4107 - 99th street, Edm, AB T6E 3N4

Email: [email protected] • www.valtoffoli.com

APARTMENT BUILDINGS• 12 Ste Character Bldg. Central McDougal.

Over 6.5% cap rate. Some upgrades. Seller open to Reasonable Offers!

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selling Edmontonsince 1987

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OF THIS ISSUE !

Bob AffleckColdwell BankerBattle River

Harry Lively Cell 403-652-0353 Office 403-646-2910

Investment Opportunity, 81.5 acres annexed into Cranbrook between Wildstone and Shadow Mountain Golf Course. 1400 sqft home finished up and down, 4300 sq.ft. commercial shop w/35’ x 72’ attached carport and 400 amp power. Ideal for commercial, MFG, trucking or Agricultural business with sub-division potential now or in the future. Buildings in excellent condition. $1,395,000

7300 sqft bldg on 4.76 acres in Pincher Station. Former Livestock Auction Market. 4 offices, 4 other rooms, 2 bathrooms. Potential for offices, storage facility with land base to expand, retail, MFG or commercial venture. Railroad siding track adjacent to property $250,000

Pincher Creek, AB

Cranbrook, BC

B22 Interior British Columbia www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORWESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Saskatchewan B23

Record job growth reported There were more people working in

Saskatchewan in the month of July than ever before, according to the latest Labour Force Survey released by Statistics Canada.

A total of 542,600 people were employed in July – an increase of 10,000 jobs com-pared with last July, setting a new all-time high for the month. This is on trend with the province’s year-over-year employment numbers, which have reached record month-ly highs for eight consecutive months.

The province also reached an all-time high for full-time employment in July, with the number of people working in full-time positions increasing by 9,600 to 462,100. This was a jump of 2.1 per cent over July 2011.

Saskatchewan’s unemployment rate was the second lowest in the country at 5 per cent.

“These numbers are positive news for the province and an indicator of steady econom-ic growth,” Advanced Education Minister Don Morgan said on behalf of Economy Minister Bill Boyd.

Other highlights of the survey included:• Saskatchewan’s growth rate was up

1.9 per cent, the third highest among the provinces behind Alberta and Prince Edward Island;

• seasonally adjusted employment in the province increased 0.1 per cent in July from the previous month. This was the fifth high-est growth rate in the country; and

• Regina’s year-over-year employment

Giant road trains tested on big-city grocery runs Triple trailer trucks,or

“road trains,” began run-ning between Saskatoon and Regina this year in a provincial government pilot program aimed at boosting transport efficiency.

The experiment allows truckers to hook a third 53-foot trailer to long-combination vehicles (LCVs) as part of a transportation partner-ship between government and industry to boost payloads while minimizing the impact on highways.

“We’ve always been looking to get longer and heavier,” said Mike Burnett, director of logistics, central region, Saskatchewan Department of Highways and Infrastructure. “That’s just the nature of what the program is about.”

The pilot project, which has been in the works for a couple of years, is part of the province’s attempt to become more competitive in the global marketplace, according to Burnett.

The LCVs push dovetails with the 2,000-acre Global Transportation Hub (GTH), located at the west end of Regina on the Canadian Pacific main line between Highway 1 and Highway 11. Currently, the project sees a single company from the GTH – Loblaw – run-ning a triple road train from the hub to the outskirts of Saskatoon, where the third trailer is uncoupled and taken into the city by itself. Burnett says Loblaw was chosen because it’s the “anchor client in the GTH, so it made sense for them to take the lead.”

Andrew Cipywnyk, director of trucking policy and regulation, says that, as a part of the pilot project, “we’re looking at things like the operation of the vehicle and the whole issue of whether it fits in Saskatchewan.”

The road train run is made five days a week, weather permitting, with the train allowed to operate only between 9 p.m. and 6 a.m. and at a maximum speed of 90 kilometres per hour. “We haven’t really had any negative feedback,” Burnett said. “Loblaw has certainly been very conscientious, making sure they err on the side of caution, and they’ve been a very good partner through this.”

was up by 1.4 per cent to 1,700. Saskatoon’s year-over-year employment

was up 4.8 per cent to 6,800.

Average weekly salary nears $900Saskatchewan’s economy continues to

lead the country, with a new report showing average weekly earnings in the province jumping 5.4 per cent in May when compared with May 2011.

The increase tied with Newfoundland and Labrador for the highest among the provinces and well ahead of the 2.5 per cent increase on a national basis.

“As wages rise the benefit not only extends to Saskatchewan workers, but to our overall economic growth,” said Economy Minister Bill Boyd.

“The record retail sales numbers released earlier this week demonstrates the power that more disposable income will have with an end result – a growing and prosperous economy.”

Average weekly earnings for May 2012 totalled $897.80, the fourth highest in the nation. Saskatchewan has had average weekly earnings above the national average every month since August 2011.

Sask builders lead the nationSaskatchewan posted strong growth in

non-residential construction activity in the second quarter of 2012, with a 6 per cent increase from the first quarter – the highest percentage gain among the provinces and well ahead of the 1.8 per cent increase nationally.

Non-residential construction in the

province totalled $426 million (seasonally adjusted) in the second quarter, the high-est on record for that period, according to Statistics Canada.

Non-residential construction was also up year-over-year, increasing 21.4 per cent over the second quarter of 2011 – the second-highest growth rate in the nation.

Triple-trailer road trains now running.

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Saskatoon had the second-highest increase among major Canadian cities, up 34.4 per cent to $177 million from $131 million dur-ing the same period last year.

Regina’s non-residential construction activity of $105 million in the second quar-ter was down 4.3 per cent from $110 million in the second quarter in 2011.u

W h at ’ s h a p p e n i n G i n

saskatchewan

Downtown Office: 306.664.6116

North Office: 306.933.2929

Regina Office: 306.721.6116

ICR Commercial Real Estate

“Saskatchewan’s largest commercial real estate company”

www.icrcommercial.com

Mcarthur business centre4002 & 4014 arthur rose avenueLand Size: Approximately 4.02 acresBuilding Size: ±45,360 sq. ft. (2 Phases)Unit Size: 2,520 sq. ft. unit (28’ front x 90’ depth) sale Price: $485,000 (Per unit)Contact: John Kachur & Josh Walchuk

investMent oPPortunityFor sale1201- 101st street, north battleford, sKAnnual Net Income: $72,000Cap Rate: 8.47%sale Price: $750,000 Contact: Ken Kreutzwieser

investMent oPPortunityhighway 9 south, hudson bay, sKBuilding Size: 39,380 sq. ft. Land Size: 18.88 acres New renovations completed, doors and insulationsale Price: $1,900,000Contact: Eugene Hritzuk & Davin Heiser

investMent oPPortunityFor sale – real estate72 broadway street, yorkton, sKLand Size: 1.56 acres = 67,594 sq. ft.Building Size: 44,200 sq. ft.sale Price: $695,000Contact: Barry Stuart & Kelly Macsymic

Asking $2,500,000 MLS®Located on 51.84 acres north east of Prince Albert, this well established third generation treenursery presents an incredible business opportunity. Landscaping business boasts a very strong EBITDA. Price includes all: land, greenhouses, buildings, improvements, irrigation equipment, mechanical equipment, inventory, growing supplies, and business contracts.http://TreeNursery.FarmsofCanada.com

SASKATOONAPARTMENTS

WANTED!Call DEL PETERS REALTY

306.934.3151www.delpetersrealty.com

Contact George Turanich 306-241-1168

Turanich Acquisitions and ManagementBay 1, 502 45th Street West, Saskatoon, SK

IndustrIal Warehouse Investment Building For Sale Saskatoon

22,000 sq.ft. warehouse with 3800 sq.ft. office space

7.5% cap rate

No brokers - only qualified, serious principals.

B24 Saskatchewan www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

SaSkatchewan

CIR Commercial Realty Inc. / 306 789 8300 / www.collierscanada.com/regina

Accelerating success.

Colliers McClocklin Real Estate Corp. / 306 664 4433 / www.collierscanada.com/saskatoon

1212 12th ST - HUMBOLDT

FOR SalE

SASKATOON EAST 320-ACRES

FOR SalE

• two (2) 160-acre lots • north quarter two (2) miles east & half a mile north of 8th Street east • South quarter three (3) miles east & adjacent to 8th Street east

• List Price: $1,100,000 (north 1/4) $1,200,000 (south 1/4) MLS®

• 17.65-acres of land • close proximity to golf course, new 42-bed hospital and two (2) elementary schools

• Located in the north-end of humboldt at intersection of Main Street and 12th avenue

• List Price: $3,700,000 MLS®

Ken Suchan* / 306 221 1825 / [email protected]*Ken Suchan is a Licensed Broker with Ken Suchan Realty Inc. and has a contractual relationship with Colliers McClocklin Real Estate Corp.

Ken Suchan* / 306 221 1825 / [email protected]*Ken Suchan is a Licensed Broker with Ken Suchan Realty Inc. and has a contractual relationship with Colliers McClocklin Real Estate Corp.

Walter Tymofievich250-487-1585 [email protected]

Mt. Sentinel Realty Ltd.

Mobile HoMe Parks

estevan, saskatchewanA booming oil & gas community Mobile Homes sites @$500, + 5 houses + 12 newly constructed kitchenettes, large work shop on 15 acres of land . Showing 13% + net return. A rare find. Asking $3.4 Million PlusAdditional 10 acres of commercial zoned land, all services.

blackfalds, alberta 82 site Mobile Home Park @ $400.00 per site with house + 5 acres of residential land.

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NEW CONDO DEVELOPMENT, ALLAN, SASKATCHEWAN

30 mins east of Saskatoon. Expanding Potash Corp + lack of housing makes this a great investment 2 and 3 bedroom condos - each have A/C, separate entrance & detached garage + outdoor electrifi ed parking. 6 units per building. $1,200,000 for whole building. EXCL.

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Farm & Acreages Specialist - Call for info 306-222-7770

grain land investment

opportunities25% doWn BalanCe mortgage (oaC)

Call today for your opportunity

ed Bobiash Farm & Acreage Specialist

306-222-7770 • [email protected] www.saskland4sale.com

RE/MAX Saskatoon

Petrofka Bridge orchard MLS® 410521 $749,900 Beautiful acreage / progressive Apple Orchard 35 acres located on the North Sask River

Wintonyk grain Land MLS® 436985 $459,900 Good Grain Land just North of Highway 40 West of Blaine Lake. 445 Acres in the RM of Redberry #435.

kinLey acreage MLS® 442196 $99,900 Existing Old Farm Yard Site on 79.22 Acres. Mature Trees, Active Power, Natural Gas Runs Through the Property

Fabulous acreage ideally located on the rolling plains just 12 minutes east of Regina. 156 acres w/ potential to subdivide 132 of those acres into app. 28 acreage sites. Existing buildings include a 1996 blt. 1603 sqft walk out bungalow w/ triple attached heated garage and a 36x40 heated shop. Beautifully landscaped yard straight out of Better Homes & Gardens w/ over 10,000 trees, numerous flower beds, shrubs etc. Excellent well for unlimited water. K-12 school 3.5 miles away in Balgonie. Asking price $1,600,000 Contact Geri Ivey 737-1233 or Keith Bartlett 535-5707

Sutton Group Results Realty

To take a virtual tour go to: http://www.myvisuallistings.com/vt/92157

Property consists of a 1360 sq. ft. bungalow home with solarium. Home has fi ve bedrooms, 4 bathrooms. Centre has 137’ x 59’ arena, 116’ x 58’ stable, 95’ x 36’ hay shed, 40’ x 16’ suite over stafl es, 20 box stalls, 3 dug outs, paddocks and corrals. Set on 148.64 acres. 15 minutes north of Saskatoon. MLS. $1,200,000.

DON FRY RE/MAX Don Fry(306) 222-0053 or 1-866-664-3800e-mail: [email protected] Photos at www.saskrealty.com

EQUESTRIAN CENTRE

NorthFork

Marketing commercial real estate in Western Canada. In Print. On Line.

Advertise. Subscribe. Make More Deals. 1-800-661-6988

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NOVEMBER ISSUE: AD DEADLINE OCTOBER 15

Report: US SunbeltRetail updateInvesting 101: Lease negotiationsFranchise NewsLifestyle Properties

Regional Roundups:BC: White Rock/South SurreyAB: DrumhellerSK: EstevanMB: Spotlight: Winkler

WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com B25

It would have been easy, some may even say wise, for the Town of Churchill to simply turn out the lights after

Stephen Harper’s government disbanded the Canadian Wheat Board (CWB) ear-lier this year.

After all, 95 per cent of every shipment that used to go through the Port of Churchillwas CWB grain. Not only was the port a hub of activity, it was also one of the town’s top-three employers.

But the certainty of guaranteed business ended after the feds dismantled the 76-year-old agency and its decades-long monopoly over western Canadian wheat and barley sales. The port has challenges. It is remote, operates only in warmer months, has only a limited short-line rail service, lacks all-weather road connections and has no national air service.

Instead of rolling over, however, town officials are stepping up to do everything in their power to ensure a long-term future for Manitoba’s northernmost community.

Churchill Gateway Development Corp. (CGDC), which markets the port, is attempt-ing to diversify its customer base and work-ing to create a thriving hub where a wide variety of goods come and go to destinations as far away as Europe, South America and Mexico.

And despite some fears that the grain business would dry up, Jeff McEachern, executive director of CGDC, said that a fed-eral incentive program for grain companies,

which provides $9 per tonne to grain ship-pers, is almost fully subscribed.

That will bring the port’s shipments up to 511,000 metric tonnes of grain this year, which is roughly on par with recent years.

But if movers and shakers in Churchill have learned anything at all this year, it’s not to rely on Ottawa for everything ad infini-tum.

Potash? Oil?As such, McEachern is looking at opportunities to move potash, a red-hot commodity in neighbour-ing Saskatchewan, to Brazil or India while simultaneously working to attract imports of fertilizer products to be distributed throughout Western Canada.

And with congested oil pipelines convincing many oil and gas play-ers to use rail to move crude from Western Canada to refineries, he’s also hoping to per-suade some of them to shift their activity to Churchill.

“I spend every waking hour looking at dif-ferent opportunities. We’re trying to develop long-term sustainability through diversifica-tion and make sure [the port] is a multi-com-modity facility in the future,” McEachern said.

Some of these possibilities are off the grid, to be sure. For example, there’s rising demand in Europe for wood waste in saw mills because of coal-burning restrictions. The waste is compressed into a pellet and then burned to produce energy.

“They’re trying to reduce the amount of

COVER Churchill scrambles to attract global and domestic shippers as Wheat Board monopoly ends

GEOFF KIRBYSON

WESTErN INvESTOr

coal consumed [in Europe] by 20 per cent between now and 2020. That’s creating rising demand in wood pellets and that’s a growth opportunity for us,” he explained.

While global warming is definitely a risk in and around Churchill – polar bears are threat-ened because there is less ice on which they can hunt seals, for example – it also presents an expanded shipping season at the port.

So, why would somebody want to ship from the southern edge of Canada’s Arctic? Simple: it’s cheaper when dealing with a number of significant export markets.

McEachern said if you’re sourcing grain from Saskatchewan, it’s much closer to get to Churchill by rail than to Thunder Bay. And the northern shipping route – from Hudson

Port in a storm

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Bay through Hudson Straight and north of Quebec to the Atlantic Ocean – is much quicker than going via the Great Lakes.

“People think about Churchill as being so far north but it’s closer than you think for your goods’ ultimate destination,” he said. “Churchill is fewer sailing days to many export markets like Europe and Africa than Thunder Bay.”

Whales and bears If only those ships could bring tourists look-ing for polar bears and beluga whales, then Churchill’s biggest industry would really take off. Sightseers flock to town in June, July and August to see the former and October and

Please see Tourists page B26

Manitoba

TOP: The Port of Churchill: ice-free water but empty docks feared as Canadian Wheat Board shipments slow. The port is hoping to diversify into potash and even oil and ore shipments as melting ice extends shipping season. LEFT: Beluga whales, like polar bears, are a main tour-ist attraction in Churchill.

Brandon, MB: Reputable & established 74 seat licensed Family Restaurant, separate lounge (can seat 28 diners), full Kitchen with all equipment, freehold property incl. Wanting to retire, the present owners have operated a successful business for the past 18 years, good visible Main Street location in the thriving city of Brandon.

Rivers, MB. - Modernized 2572 sq ft Commercial building formerly used as a 52 person Café & Catering business in the expanding town of Rivers, full kitchen (all restaurant & kitchen equipment - optional extra). Private functions, parties, etc. can seat up to 80 people. Rivers is located 20 minutes NW of Brandon.

Call MauRiCe ToRR 204-729-6644Century 21 Westman.com, Brandon, MB

Century21Westman.com

Award winning 18 hole golf course for saleScore magazine’s “Best Canadian family owned and operated course 2009” nominated for Golf Digest’s “Top 100 courses in Canada list.” This scenic lakeside course is a turnkey operation with all assets and equipment• Includes licensed restaurant and clubhouse • 35 golf carts. • 1400 sq ft home, and resale building lots to

help recover some of your investment.

Arlene Klassen 204-523-6092 [email protected]

Bill Nicholls 204-761-0141 [email protected]

1-800-661-6988

BUYYour hunt for the right investment could

be right in the pages of the Western Investor. Every month you’ll find $2 Billion worth of opportunities.

Century-21 Westman.comBrandon, MB Direct Line: 204-729-5074 Email: [email protected]

BR ANDON, MANITOBA

“WE HAVE RESTAURANTS, GAS STATIONS, GROCERY STORES, INVESTMENT PROPERTIES, FOR SALE AND IF WE DO NOT HAVE IT WE WILL FIND IT.”

MOTEL 20 rooms, large bar and restaurant, beer vendor. located on the edge of oil country, close to us border. MOTEL 26 rooms, leased out restaurant, located on transcanada highway, steady clientele. GROCERY STORE located in growing town, family-run, priced for quick sale. price $300,000. plus inventory. HUNTING LAND 450 acres plus, rolling hills, hunting towers, hunting cabin, lots of wildlife.

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WESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Interior British Columbia B27B26 Manitoba/Franchises www.westerninvestor.com OCTOBER 2012 WESTERN INVESTOR

TOURISTS from B25November to see the latter (hence, Churchill’s long-standing proclamation that it is the polar bear and the beluga whale capital of the world).

The number of adventurous tourists, how-ever, ebbs and flows with the economy, and right now the tide is low.

Tourism season is when Churchill’s popu-lation peaks at around 1,200. According to the latest census, the town has about 925 full-time residents, down from nearly 1,000 in the previous census.

Realtor freeA declining population hasn’t affected the realty business, however, because there aren’t any realtors in Churchill. If you want to buy or sell a house, simply turn on local cable channel 18 to see the local listings.

Albert Meijering, chief administrative officer for the town, agrees it was dealt a lousy hand by Ottawa. But, rather than crying over spilled grain, town officials decided to work with federal and provincial officials.

A report from a task force on the future of port activity, which began in June, is due this November.

Even though Churchill is remote, Meijering says the town can act as a year-round service centre for more than 8,000 people within a 700-kilometre radius.

That includes both northern Manitoba and Nunavut. The latter’s mining industry, including projects in Baker Lake, Rankin Inlet, Halt Beach and the Kivilliq district, could be a veritable gold mine for Churchill. “We are a natural choice for shipping goods to the mines as well as getting resources out,” Meijering said.

In June, the town also announced a new partnership with the Winnipeg Airports Authority, called Churchill Transportation Inc., which will work to realize the economic potential of its uniquely-equipped airport.

Military Churchill’s runway, at 9,800 feet, was built to military standards and is one of the longest in North America.

It is one of the few remnants left over from the days of Fort Churchill, when 5,000 military personnel were stationed there. The base may have closed in 1982, but there’s still a regular Canadian Rangers exercise that takes place in Churchill every two years for two weeks. The Rangers are seen as the first line of defence for northern Canada.

This summer, an “unannounced vessel” ventured into Hudson Bay and was pursued and apprehended by a frigate and Canadian Coast Guard vessel.

The joint training exercise was designed to demonstrate the military’s capability to defend the sovereignty of the North, which is under increased pressure. u

Sidebar:

Quick facts

Map from OCT08 WI

Churchill, MBPopulation 925Biggest employers Churchill Regional Health Authority, tourismAverage house price Make an offer

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Churchill, MBPopulation 925Biggest employers Churchill Regional Health Authority, tourismAverage house price Make an offer

Quick facts

Winnipeg

Manitoba

CHURCHILL✪

HUDSON BAY

Ontario

Consider converting to a eco-friendly franchise system or adding something new!

If you are seeking increased market share and added customer value, then adding a Nutrilawn franchise or converting your

existing lawn care business may be the answer.

• Avg. gross sales of $850K per year• 100% financing of franchise fee and conversion cost.

• Ongoing agronomic training and business support• Industry leading technology and management tools

• Established concept, 25 plus years

Take this opportunity to learn more from a leader in the lawn care business.

Low or no cost conversion or a financed add on, we are happy to provide more information, be the first one in your area to learn more.

FIND OUT IF A NUTRILAWN FRANCHISE IS RIGHT FOR YOU.Contact: Steven Seabaugh, Dir. of Franchise Development 706-559-9603 or [email protected]

If you are seeking an opportunity or increased market share and added customer value for your existing business, then owning a Nutrilawn franchise may be the answer. • 100% financing of franchise fee for existing Conversion Operators• Ongoing agronomic training and business support • Industry leading technology & management tools • Established concept , 25 years• Up to 100% financing of franchise fee, for all new Start-Ups.

Learn more from a leader in the lawn care business.

Grow Green with a Lawn Care Franchise!

Call the

marketing your franchise?

1-800-661-6988

(604) 669-8500

westerninvestor.com

1-800-661-6988

www.westerninvestor.com

Done DealsNew! Done Deals editorial feature will highlight deal flow in Western Canada.Show the market what is moving and who is moving it. The monthly report will highlight major (basically 50K square feet or more; or land deals of $2 million or more) commercial real estate transactions that have closed within the last 30-45 days in Western Canada.

www.westerninvestor.com 1-800-661-6988

Please send us the following information: • What was sold or leased? • Who was the vendor (if possible)? • Who was the buyer/tenant? • If the name of the buyer is confidential, please tell what type of buyer (i.e., REIT, institutional, local investor, foreign investor, owner/builder) • Who was the listing agent/agency? • What was the selling price?

Please forward this information directly to: Frank O’Brien, Western Investor Editor at [email protected].

FraNk O'BrieN Editor

B26 Alberta www.westerninvestor.com OCTOBER 2012 WESTERN INVESTORWESTERN INVESTOR OCTOBER 2012 www.westerninvestor.com Franchises B27

GE Capital backs Temple REIT

GE Capital Franchise Finance has provided Temple Real Estate

Investment Trust (Temple REIT) with $20 million toward its purchase of the Aquire Hotel in West Edmonton.

The six-storey, 160-room hotel is located near West Edmonton Mall, the city’s top tourist destination.

“GE Capital has helped us complete two acquisitions since the beginning of the year,” said Arni Thorsteinson, president and chief executive officer of Winnipeg-based Temple REIT.

“GE’s franchise finance team understands our business and the hotel sector, and it shows in the execution of the transactions.”

“We are very pleased to be able to support Temple REIT in this second acquisition,” said Edward Khediguian, senior vice-president of GE Capital’s franchise finance business here.

“We’ve financed more than $1 billion in hotel transactions in Canada over the last 10 years, and we remain committed to the industry.”

Temple REIT is an open-ended real estate investment trust focused on owning and acquiring hotel properties in primary and secondary markets across Western Canada. It owns and operates 15 properties offering 1,868 guest rooms across Western Canada, with eight hotels offering 834 guest rooms located in Fort McMurray, Alberta.

News, views and updates on Canada’s franchise industry

GeoWash rolling into Toronto, looking westEurope-based GeoWash, a franchise in

the ecological car-wash business, is expanding rapidly with business in over 30 countries. Now, Canadian franchisee Ali Dohaini has opened the very first GeoWash franchise in Toronto.

The concept of GeoWash is simple: a mobile unit comes to where a car is parked and washes it right on the spot. The GeoWash units use very little water, as well as environmentally conscious detergents and materials.

“We use less than a litre of water per car, whereas traditional car washes use 90 gallons of water,” said Dohaini. “We offer superior interior and exterior cleaning, using biode-gradable products.”

Dohaini is originally from Lebanon and holds an MBA. After sorting through hundreds of franchise opportunities over the past year, he decided that the GeoWash opportunity was the best choice for him.

GeoWash has more than 10 years’ experience in the mobile car-wash franchise industry. Its concept and business model have been implemented worldwide and the company is pushing to expand franchise opportunities in Western Canada.

GeoWash franchise equipment costs between $25,000 and $50,000 and the franchise fee is between $22,000 and $32,500, depending on the region.

Smashburger expanding again

U.S.-based Smashburger recently opened its second Canadian location

in Calgary’s Royal Oak neighbourhood after the successful opening of its first Canadian restaurant in the northeast part of that city in May. Smashburger has plans to open 15 locations in Calgary and Edmonton and is looking for franchisees to expand the brand in Vancouver and Toronto.

Smashburger is a national chain of ham-burger restaurants that etches its own mar-ket niche with its unique method of cooking burgers by “smashing” a ball of beef on the grill to “sear in the juices.”

Smashburger franchisees need a minimum liquidity requirement of $800,000 or more, depending on the size of development. The franchise fee is $40,000.

McDonald’s opening vegetarian outletMcDonald’s may be known around the

world for its Big Macs and Chicken McNuggets, but we all know that it’s not above shaking up its menu for different regions. For example, diners in Asia can feast on teriyaki and bulgogi burgers,

while Canada is privy to McPoutine. Now the franchise is planning to try something radical at an upcoming location in India: its first-ever fully vegetarian outlet.

While going fully vegetarian is a big departure for McDonald’s, it makes perfect sense in the context of its surroundings. Hinduism – which accounts for the religious majority in India, with 80 per cent of the population practising – views cows as sacred beings and forbids the consumption of beef. Islam, meanwhile, represents the second-largest religious group in India and forbids its followers to eat pork.

In other words, neither Quarter Pounders nor McRibs are going to go over very well in the Indian market.

GeoWash mobile car washes go any-where.

Phot

o: G

eoW

ash

McDonald’s locations in India already offer many more vegetarian options than their global counterparts, like the potato-based McAloo Tikki burger, and a sandwich selection.

A spokesman for McDonald’s in Northern India, Rajesh Kumar Maini, told an inter-national news agency, “There is a big oppor-tunity for vegetarian restaurants. At the moment, India is still a very small market. [McDonald’s] has 271 restaurants in India, but nearly 33,000 across the world.”

McDonald’s is reportedly planning to launch its first new vegetarian outpost in Northern India in the Sikh holy city of Amritsar.u

– Compiled by Kevan O’Brien

Join us! Single and multiple store development opportunities

available for B.C and Alberta

“Being part of the BLENZ team is the best decision we ever made.”

― Aman & Amrit, proud BLENZ franchisees

Call Sarah Moen today at 604-682-2995, [email protected] or visit BLENZ.com

Franchises Available – Surrey and Mission

Own Your Own Country

abc Country Restaurants has 40 years of family dining experience. If you like the idea of being up front in your own restaurant, backed by a strong corporate team, abc is the high profile brand for you. Our restaurants serving Country Comfort for Breakfast, Lunch, Dinner & Dessert - many with profitable meeting rooms - dot the BC and Alberta landscape. We are looking for good franchisees and welcome your inquiry.

• Site Selection & Design • Training & Operations Support • Menu Development • Marketing • Lease Negotiations

Investment range for new locations: $600,000 – $700,000Investment range for conversions:$200,000 – $250,000

Call me today to own your own country!Gordon Beattie, President(604) 583-2919 local 222abc Country Restaurants Inc.15373 Fraser Hwy.Surrey, BC V3R 3P3email: [email protected]

B28 www.westerninvestor.com octoBer 2012 WESTERN INVESTOR

Get the Power.

With connections in more than 85 countries worldwide put the

power of the RE/MAX brand to work for your commercial, industrial,

agricultural, investment or international real estate needs.

To view commercial properties or find a RE/MAX Commercial

practitioner near you, visit commercial.remax-western.ca

Each office is independently owned and operated.

western investor october 2012 section b

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