$4.29 MARCH 2012 Vol. 27/Issue 3
5 “THIS TIME IT IS FOR REAL�
Patient Prince Rupert booms with port traffic
â–˛
Don Krusel, president of the Prince Rupert Port Authority: record shipments and plans for LNG
16 MCMANSIONS “ARE DEAD�
B.C. resort properties turn back the clock with low-cost, rustic retreats 21 FORT MAC AT $1.2M AN ACRE
.C. hoo: JuHIdy
Break Out of the Box
Land...red tape‌business costs‌they can have any transportation & logistics business feeling boxed in.
Get your business freedom back 30 minutes south of Edmonton, where red tape is a bad word, there’s affordable land to spread out on, business costs are competitive, a nose to the grindstone workforce has your back thick or thin, and there’s easy access to major rail, road, and air linkages. Home Hardware chose us as its distribution hub for western Canada; Santa Claus considered us.
INTERIOR B.C. • ALBERTA • SASKATCHEWAN • MANITOBA SECTION
Industrial developer grabs monopoly position in the oilpatch capital
LIFESTYLE PROPERTIES
City and County of Wetaskiwin, Town of Millet
Call 780.361.6231 or visit WWW.JEDIALBERTA.COM
SPECIAL SECTION • B16
PUBLICATIONS MAIL AGREEMENT 40069240 RETURN UNDELIVERABLE CANADIAN ADDRESSES TO CIRCULATION DEPARTMENT: 102 EAST 4TH AVENUE, VANCOUVER, B.C. V5T 1G2
# $ !
Winnipeg RealEstate Forum ! " !
B2 Interior British Columbia Colliers International Centre Group Commercial Realty Kelowna, B.C. 250.763.2300
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
Colliers International Centre Group Real Estate Services Kamloops, B.C. 250.372.7000
www.colliers.com/kelowna
PANAGO PIZZA %STABLISHED AND SUCCESSFUL PIZZA FRANCHISE )DEAL FOR A FAMILY TO RUN -ODERN BUILDING AND EQUIPMENT 6ENDOR MOTIVATED TO SELL List Price: $290,000 (share sale) plus inv
ERIC WEBER*
SOPA SQUARE s
-IXED USE RETAIL COMMERCIAL RESIDENTIAL AT 0ANDOSY +ELOWNA s 0ROXIMITY TO +'( /KANAGAN ,AKE 5P TO SQ FT OF OFFICE SPACE AVAILABLE ,EASE OR 0URCHASE www.sopasquare.com
List Price: $2,690,000
MIKE GEDDES*
7%.$9 $9#+
%2)# 7%"%2 *!93/. -##!24(9
MULTI TENANT INDUSTRIAL – PENTICTON
7092 PLEASANT VALLEY ROAD, VERNON
s #!0 2ATE ON FULL LEASE UP s SQ FT s SF BUILDING ON ACRE ONLY VACANCY List Price: $2,900,000 www.bcip.ca *%&& (5$3/. -!23(!,, -#!.%2.%9
s #OURT ORDERED SALE SQUARE FOOT SHELL BUILDING ON ACRES www.bcip.ca *%&& (5$3/.
DOWNTOWN KELOWNA s -ULTI &AMILY $EVELOPMENT 3ITE s ACRES :ONED 2- s -ANY UPGRADES COMPLETED REQUIRES ONLY $0 TO COMMENCE CONSTRUCTION List Price: $1,700,000 #HAD "IAFORE -ARSHALL -C!NERNEY
0%23/.!, 2%!, %34!4% #/20
230 CARION ROAD, WINFIELD s SQ FT CONCRETE BLOCK INDUSTRIAL BUILDING ON ACRES s SQ FT OF OFFICE SPACE ON FLOORS
List Price: $399,900
364 LOUGHEED ROAD, KELOWNA s 3TAIR AND RAILING MANUFACTURING FACILITY s YEARS IN +ELOWNA LARGEST MARKET SHARE IN INDUSTRY s 0URCHASE BUSINESS BUILDING AND OR BUSINESS OR BUILDING List Price: $599,000 (Business Only) List Price: $1,052,000 (Building Only)
3151 HILL ROAD, LAKE COUNTRY s ACRE REVENUE PRODUCING PROPERTY s :ONED FOR REDEVELOPMENT WITHIN ,AKE #OUNTRY 4OWN #ENTRE
DEVELOPMENT SITE – KELOWNA NORTH s SITES ACRES AC s ,OCATED IMMEDIATELY . OF THE $ 4 s :ONED INDUSTRIAL REZONING MAY EXIST s 3ELLER MAY LEASE BACK A PORTION List Price: $10 M & $5.5 M %2)# 7%"%2 -!23(!,, -#!.%2.%9
391 TILLEY ROAD, WINFIELD s BAY CONCRETE TILT UP BUILDING SQ FT ON ACRE SITE s &OR ,EASE PSF
For Sale: $1,495,000 %2)# 7%"%2
247 BRIDGE STREET, PRINCETON
YOUTH HOSTEL
s SQ FT BUILDING FORMER GROCERY STORE s ON SITE PARKING STALLS SITE COVERAGE ON ACRE
s ,OCATED IN THE /KANAGAN 6ALLEY THIS IS A VERY WELL ESTABLISHED AND PROFITABLE BUSINESS s (OSTEL IS ADVERTISED WORLD WIDE AND HAS AN ESTABLISHED CLIENTELE List Price: $879,000 %2)# 7%"%2
List Price: $1,175,000 "/" '!5,%9
MOTEL, HOTEL & BUSINESS CONSULTANTS s MEMBER of the Canadian I.C. & I Council
UÊ
201-1449 St . Paul St., Kelowna, B.C. V1Y 2E5
O f fice: Fax:
250-862-8100 250-984-0803
Syd Berisoff
Larry Berisoff
Agent/Broker
Associate Broker
Personal Real Estate Corporation
syd@syberrealty.com
larry@syberrealty.com
jody@syberrealty.com
To view photos on these and other opportunities visit our website
VERNON GROCERY STORE s &ULL 'ROCERY 3TORE $ELI -EAT ETC s #EMENT BLOCK "UILDING WITH &ULL "ASEMENT s "EDROOM 2ESIDENCE 3EPARATE 0ARKING ,OT s %XCELLENT ,OCATION NEAR (OSPITAL s $1,275,000
CRANBROOK B.C s 5NIT -OTEL WITH "EDROOM 2ESIDENCE s %XCELLENT "USINESS #ENTRAL ,OCATION s /UTDOOR 0OOL 2OOF 2EPLACED s -ANY 2ECENT 5PDATES AND 5PGRADES s $1,275,0000
Jody L. Miller
www.syberrealty.com
RAMADA s 5NITS ,OCATED IN 3OUTHERN " # s %XCELLENT #ONDITION -ANY 5PGRADES s 46S 'RANITE #OUNTERS 0AINT ETC s /UTDOOR 0OOL 2ESTAURANT 3PACE ,EASE OR 5SE s $3,249,000
RAMADA s 5NITS ,OCATED IN #ENTRAL "# s 7ELL #ARED FOR 0ROPERTY s )NDOOR 0OOL 7ALK TO ALL !MENITIES s "EDROOM ,IVING !REA 3OLID "USINESS s $1,995,000
MOBILE HOME PARK s 0ADS NEAR 7ILLIAMS ,AKE s .O 0ARK /WNED -OBILES s !CRES REVELSTOKE s 5NIT ,ODGE #OMPLETE WITH 0UB 2ESTAURANT s )NDOOR 0OOL 3TAFF 1UARTERS /FlCES ETC s ,OG #ABINS 6ERY 0OPULAR WITH 3LEDDERS s !CRES 3LED FROM 0ROPERTY TO -OUNTAIN s 7ELL %STABLISHED AND 0ROlTABLE s $3,495,000
PRINCETON s 5NIT -OTEL WITH )NDOOR 0OOL s "EDROOM 2ESIDENCE n 2ECENT 5PDATES s "ONUS 3EAT 3USHI 2ESTAURANT IF 9OU ,IKE s 3OLID "USINESS LESS THAN HRS FROM 6ANCOUVER s $988,000
MUST BE SOLD s #LINTON " # 5NIT -OTEL s 2UBBER -EMBRANE 2OOF IN s 3ELLER MAY #ARRY WITH DOWN s !LSO )NCLUDES 2ESIDENTIAL ,OT s $259,000 !!
HOUSTON, BC s -OTELS WITH #OMBINED 5NITS s 2ESTAURANTS n IS ,EASED 26 3ITES s AND !CRES (IGHWAY ,OCATION s ,IVING !REAS )DEAL &AMILY /PERATION s $2,950,000 for BOTH!
s -ANAGER IN 0LACE 3AME /WNER 9EARS s 3ERVICED BY ,AGOON AND 7ELL s $699,000
GAS BUSINESSES s %AST +OOTENAY s 'AS "AR # 3TORE "OWLING ,ANES ,OUNGE s (IGH 6OLUME 0ROlTABLE s $1,495,000 REDUCED REVELSTOKE s PLUS ACRES WITH ABOUT FT OF 4RANS #ANADA &RONTAGE s { X { 3HOP n ABOUT 9EARS /LD 3HOWROOM ETC s :ONING ALLOWS FOR -ANY 5SES -ODULAR (OME 0AD s "RING 9OUR )DEA 3ELLER -AY ,EASE s !DJOINING !CRES AVAILABLE FOR s $959,000!!
s 3ELDOM IF EVER A 6ACANCY
CHASE BC s 4RANS #ANADA 'AS "AR n # 3TORE s -OTEL 5NITS "EDROOM (OME s %XCELLENT ,AKE 6IEWS 3ELLER WILL #ARRY A &IRST -ORTGAGE s $1,100,000
LIQUOR BUSINESSES s 7EST +OOTENAY 05" ,AND "UILDING "USINESS 3ELLER MAY #ARRY A &IRST -ORTGAGE $399,000 s /KANAGAN 05" ,AND "UILDING "USINESS 3ELLER MAY #ARRY A &IRST -ORTGAGE $495,000 s 1UENSEL n ,IQUOR 3TORE 0UB $1,595,000
$0/5&/54 ."3$) */5&3*03 # $ Â… "-#&35" Â… 4"4,"5$)&8"/ Â… ."/*50#" 4&$5*0/
FEATURES 5 0/ 5)& $07&3 1SJODF 3VQFSU QPSU CPPNJOH
On the cover Don Krusler, president of the Prince Rupert Port Authority: coal and container traffic hits record Photo: Prince Rupert Port Authority
Shipments of containers, coal soar as LNG plant eyed
21 'PSU .D.VSSBZ TDPSFT IVHF JOEVTUSJBM QBSL
Savvy developer may have lock on short-term monopoly
29 .JOJOH NPUIFSMPEF TIBLFT 5IF 1BT
Northern city ripe for $55 billion mining bonanza Download a PDF of all our Regional Roundups online at www.westerninvestor.com
COLUMNS 9 19 27 31
8)"5¤4 )"11&/*/( */ #3*5*4) $0-6.#*"
41&$*"- 4&$5*0/ Â… # LIFESTYLE PROPERTIES
"%7&35*4*/( %*3&$503:
2–10 */5&3*03 /035)&3/ # $ 3&"- &45"5&
#64*/&44 0110356/*5*&4
10–24 "-#&35" 3&"- &45"5&
#64*/&44 0110356/*5*&4
25–30 4"4,"5$)&8"/ ."/*50#" 3&"- &45"5&
#64*/&44 0110356/*5*&4
31 '3"/$)*4&4
8)"5¤4 )"11&/*/( */ "-#&35" 8)"5¤4 )"11&/*/( */ 4"4,"5$)&8"/
.03& 0110356/*5*&4 ™ … -08&3 ."*/-"/% # $ … 7"/$067&3 *4-"/% ™ 4&& 4&$5*0/ "
'3"/$)*4& /&84
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 @ w e s t e r n i n v e 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
McLaughlin Commercial Group - RE/MAX Commercial - RE/MAX Kelowna
APPROXIMATELY 115.68 ACRES LAND ASSEMBLY IN NORTH GLENMORE/ UNIVERSITY DISTRICT
PRIME DEVELOPMENT SITES WINFIELD TOWN CENTRE FULLY SERVICED & READY TO BUILD 2.93 Acres - Lots 1 & 2 1.71 Acres - Lot 1 1.22 Acres - Lot 2 0.90 Acres - Lot 3 2.67 Acres - Lot 4
$ 3,899,000 $ 2,500,000 $ 1,500,000 $ 1,000,000 $ 3,250,000
6.5 Acres – Asking: $6,500,000,00 + HST MLSŽ (Plus DLC – Latecomer Charges)
Minutes from Kelowna’s International Airport. One side abuts golf course in Quail Ridge. Gravel Pit is a permitted use! NEW TILT UP INDUSTRIAL BUILDING 1,569 - 7,295 SQUARE FEET INCENTIVES AVAILABLE!!!
HIGH EXPOSURE - CENTRAL KELOWNA 1.78 ACRES PRIME DEVELOPMENT LAND
$5,318,000 $1,315,800 $ 962,200 $ 773,500 $ 763,300
Located at the corner of Spall Road and (QWHUSULVH :D\ OHQGLQJ LWVHOI WR EH RQH RI WKH Lease Space on McCurdy Road. $LU FRQGLWLRQLQJ JDV ÂżUH IRUFHG DLU HOHFWULF best undeveloped commercial pieces left in This assembly comprises 5 lots that can be purchased individually or as a complete Kelowna. 200 amp., 3-phase power. Open parking. package. Zoned C4 - Urban Commercial Asking: $3,999,000.00 plus HST MLSÂŽ Asking: $12.50 psf plus CAM MLSÂŽ Asking: $9,132,800.00 MLSÂŽ
RARE, NEW FEE SIMPLE MIXED BUILDING
2 WAREHOUSES AVAILABLE FOR LEASE
+/- 6,581 SF - 6 STRATA UNITS Newly constructed corner fee simple mixed use building is completed. 3 residential and 3 commercial strata units. Superior construction! Commercial bays are available for viewing at any time.
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
6) RIÂżFHV UHFHSWLRQ ZDVKrooms, warehouse and loading dock. 6) RIÂżFHV UHFHSWLRQ PH]]DQLQH level and warehouse. Both are located in the Sexsmith Road area.
Your First & Last Call!
Lease Rates: $8.00 and $9.50 PSF plus NNN + HST
Full Building: $2,000,000 plus HST Commercial Only: $1,200,000 plus HST
LEASE OFFERINGS Kelowna, West Kelowna & Lake Country Industrial - Kelowna
LOWER MISSION EXCLUSIVE OFFERING INVESTMENT PROPERTY ON LAKESHORE ROAD VI EXLOGLQJ ZLWK EHGURRPV ò EDWKV DFUHV RQ ÀDW VLWH ORFDWHG DW WKH corner of McClure and Lakeshore Road. Endless possibilities. Asking: $1,600,000.00 MLSŽ
6) 1,569 – 2,619 SF
2IÂżFH :DUHKRXVH New Tilt-Up
5HWDLO 2IÂżFH .HORZQD Âą 6) 1,990 SF 6)
3DQGRV\ $UHD /RZHU 0LVVLRQ Downtown Kelowna 5HWDLO 2IÂżFH :DUHKRXVH
Service Commercial - Kelowna
3,176 SF 6)
5HWDLO 2IÂżFH :HVW .HORZQD
Âą 6)
5HWDLO 2IÂżFH
Previous Big O’Tire location Current 3,028 SF building has 5 car bays, RI¿FHV UHFHSWLRQ DQG SDUWV VWRUDJH Zoned C1 - Town Centre Commercial
Retail/Pad Sites - Lake Country Âą 6)
5HWDLO 2IÂżFH
Asking: $850,000.00 plus HST
Ken McLaughlin, B.Comm. - 250.870.7845
Commercial Mix 2IÂżFH
DOWNTOWN WEST KELOWNA 0.47 ACRES OF HIGHWAY FRONTAGE
Kris McLaughlin - 250.870.2165
B4 Interior British Columbia
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
RIVERBEND - 760 MAYFAIR ST Kamloops, BC
For Sale or Lease
#8 – 1103 12th ST Kamloops, BC
For Sale
BUSINESS OPPORTUNITIES INCLUDE:
INVESTMENT OPPORTUNITY
Entertainment Facility, Medical Office, Professional, Personal, Health Services, Community Care Facility SALE PRICE LOT A 1,937 sq.ft: $387,400ÊUÊ "/Ê Ê£]Ó£äÊõ°vÌ\Ê$242,000 "/Ê ÊÎ]ÈänÊõ°vÌ\Ê$721,600 LEASE RATEÊÊf£{ f£nÉõ°vÌÊ« ÕÃÊÌÀ « iÊ iÌ
UÊ {Ê< g Strata Titled Commercial Lot
Mona M. Murray Dip. ULE, RI (BC), CPM
Mona M. Murray Dip. ULE, RI (BC), CPM
250-372-2277 mona@mcmrealestate.ca
250-372-2277 mona@mcmrealestate.ca
www.mcmrealestate.ca
www.mcmrealestate.ca
OKANAGAN – 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
YOUR CHOICE OF TWO PURCHASE OPTIONS VERNON SELF STORAGE BUSINESS OPPORTUNITY Option 1 Business OnlyÊ Lease Land & Buildings 9.5% Rate of Return Price $1,899,000 Option 2ÊBusiness plus Land & Buildings. 7.7% Rate of Return Price $4,199,000 UÊÊÓ°Ç£Ê VÀiÃÊUÊ, Êv ÀÊ Ý«> à UÊÓxnÊ1 ÌÃÊUÊ* ÕÃÊnäÊ-Ì À>}iÊ Ì> iÀà UÊ VÀiÌiÊL V ÊV ÃÌÀÕVÌ UÊ ° °Ê/ «Ê£äÊ1 >Õ Ê V>Ì
UÊ } Ê Ý« ÃÕÀiÊ V>Ì UÊÊ > >}iÀ½ÃÊ,ià `i Vi UÊÊ-i iÀÊ >ÞÊV>ÀÀÞÊ ÀÌ}>}i UÊ À ÃÃÊf{Çx]äää³É Ê
CHRISTINA LAKE CAMPGROUND BUY NOW! SEASON STARTS MAY 1
FIRST TIME ON THE MARKET IN OVER 20 YEARS ! UÊÇxÊ- ÌiÃÊÜ Ì Ê Õ ÊEÊ*>ÀÌ > Ê-iÀÛ Vià UÊ >ÃÞÊ>VViÃÃÊ vvÊ } Ü>ÞÊÎ UÊ Õ Êv>V Ì iÃÊ V Õ` }Ê« UÊ"«iÀ>ÌiÃÊ >ÞÊ£ÊÌ Ê-i«Ìi LiÀÊ£xÊ
UÊ{° £Ê VÀiÊ Vi ÞÊ/Àii`Ê*À «iÀÌÞ UÊ ÃiÊÌ Ê >À}iÊ«ÕL VÊLi>V UÊ ÝVi«Ì > ÞÊÜi Ê > Ì> i` UÊ*iÀviVÌÊv ÀÊÃi ÊÀiÌ Ài`ÊV Õ« i
Motivated Seller Asking $699,000
PRIME FARM-HOLDING LAND - OSOYOOS UÊ À iÀÊ- ÌiÊ Ê } ÊÌÀ>vwÊV]Ê } ÊiÝ« ÃÕÀiÊ Ê V>Ì ÊÜ Ì Ê£äää³ÊvÌ°Ê } Ü>ÞÊÎÊvÀ Ì>}iÊ UÊ/ Ü ÊÃiÜiÀÊEÊÜ>ÌiÀÊ>ÌÊ ÌÊ iÊ UÊ6iÀÞÊV ÃiÊÌ Ê > iÊ UÊ V Õ`iÃÊ ÕÃiÊEÊ «iÀ>Ì }Ê ÀV >À`Ê UÊÊ Ài>ÌÊ V>Ì Êv ÀÊv>À Ê}>ÌiÊÜ iÀÞÊ ÀÊ >}À Ì ÕÀ à ÊLÕà iÃÃÊ Asking Price
$1,695,000
VADIM KOBASEW CO M M E RC I A L R E A L ES TAT E S P E C I A L I S T
250-492-2233 / 1-800-567-6770 RE/MAX FRONT STREET REALTY, PENTICTON, B.C.
UÊ£]ÇääÊõ°vÌÊ* ÕÃÊ iââ> iÊ"vwVi UÊ6iÀÞÊ7i Ê > Ì> i`Ê « iÝ UÊ « iÊ*>À }]Ê6>V> ÌÊ Ü Asking $235,000
PUB/LIQUOR STORE PROPERTY FOR SALE IN WILLIAMS LAKE, B.C. D. Manning & Associates Inc., in its capacity as Court-Appointed Receiver of the Property of Pium Developments Ltd. (“the Company”) is seeking offers to purchase its right, title and interest in the Property of the Company, namely the Laughing Loon Pub and Restaurant located at 1730 South Broadway, Williams Lake, B.C. (“the Property”). The Property consists of a vacant one storey, full basement, wood frame building, formerly a pub and liquor store. The pub has space for 65 seats inside and an additional 55 seats on the patio, and a parking lot with about 41 lined stalls. The land is approximately 1.048 acres in area. The Property is presently zoned CS-4 (Neighbourhood Pub Commercial) by the City of Williams Lake. The offering includes a Liquor Store License, a Primary Food License, and a Pub License. Prospective purchasers must submit offers to the Receiver to purchase the Property prior to 4:00 pm Pacific Time on Friday, March 30, 2012 at the address listed below. The form of offer is included in the Receiver’s Information Package, which contains the terms and conditions of sale. This invitation is intended solely for the purpose of soliciting offers from qualified, prospective purchasers of the Property offered. To request an Information Package or to arrange for a viewing of the Property, please contact:
Don N. Manning, CIRP dnm@manning-trustee.com
D. MANNING & ASSOCIATES INC. Court-Appointed Receiver of the Property of Pium Developments Ltd. 520-625 Howe Street Vancouver, B.C. V6C 2T6 Phone: 604-683-8030 Fax: 604-683-8327
www.manning-trustee.com
B5
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
COVER Port town of Prince Rupert on tenderhooks as governments and resource giants decide its fate
1SJODF JO XBJUJOH FRANK O’BRIEN WESTERN INVESTOR ews that a giant LNG plant – that would need 1,000 workers to build – is being considered for the northern port city of Prince Rupert has come hard on the heels of a record-setting year at the second-largest coal and container port on B.C.’s west coast.
But while the economic buzz is building, you can still buy condominium apartments for $30,000, housing sales haven’t budged in four years, hundreds of people have fled and retail and office space is going dark across the the city. “Downtown is like a hockey player’s teeth,� quipped one jaded commercial real estate agent. “I have been here for 30 years and I have been hearing about the potential boom for 20 of those,� said Lynn Chivers, a realtor with Randall North Real Estate Services in the city of 12,500. According to Chivers, “There has been only one year when you could have flipped a house for a profit.� Indeed. The average detached house price in Prince Rupert is now around $175,000, virtually unchanged from 2008, and you can still find a decent house for even less. Cheap housing is one of the lures for the port city, agreed Michael Gurney, manager of corporate communications with the Prince Rupert Port Authority; he moved up from Vancouver last May. But as Gurney outlines the port’s stunning performance and potential, the suggestion is that the low prices – and the economic lull – won’t last for long.
Photos: Prince Rupert Port Authority
/
RIGHT: Don Krusel, president of the Prince Rupert Port Authority: Canada’s major route to China, the world’s second-largest economy. TOP: The Port of Prince Rupert: multimillion-dollar expansion could spin $300 million in annual wages.
Mainland, which handled 20 million tonnes last year. Ridley takes in coal from B.C., Alberta and even the United States, an indication of how efficient its rail-and-port system is run. It is cheaper to ship coal from Wyoming to China through Ridley than from any U.S. port. Also in line is a 150-acre general cargo terminal and a barge and short-sea shipping terminal. Already, 1,500 people work at the port – many making six-figure incomes – and the current $80 million in salaries and wages would balloon to $310 million annually when the expansions are complete. Sums up Don Krusel, president of the Prince Rupert Port Authority, “That’s a big and bold list,� as the port becomes Canada’s major route to China, ,JOH DPBM At the port’s Ridley terminal, work is high- the world’s second-largest economy. balling on a multimillion-dollar, four-year port Yet the port expansion is only part of Prince 1PSU FYQBOTJPO The port has already undergone an expansion and rail upgrade that will double coal exports Rupert’s potential. that has doubled its capacity to 24 million to 24 million tonnes a year, which would rank tonnes and there are plans to double that again Ridley as the No. 1 coal export terminal in -/( ESFBN within nine years under its $300 million expan- Canada, ahead of Delta in Vancouver’s Lower As this article was being put together, two ecosion plan. The Fairview container terminal will grow from handling 750,000 containers a year to 1.2 million, and then onto two million annually. Plans are in place for four bulk terminal sites, each capable of handling 10 million tonnes of cargo. On Ridley Island, there is more than 1,000 acres of tidewater industrial land ready for the foundation of an import-export logistics park for warehousing, transloading and reloading customers. “We are open to inquiries for any type of industrial use,� Gurney said, noting that the industrial land can be leased for up to 100 years.
nomic bombshells landed in Prince Rupert. First was the announcement that the city has been short-listed by British natural gas giant BG Group PLC for a large liquefied natural gas (LNG) plant. David Byford, a Houston, Texas-based spokesman for BG, confirmed an agreement is in place with the Prince Rupert Port Authority to “consider the feasibility� of the LNG plant. No decision should be expected for two years, but if the plant is approved it would mean 1,000 construction jobs for 24 months and then up to 200 full-time employees, estimates Derek Baker of the Prince Rupert Port Edward Economic Development office. Prince Rupert’s main – and tough – competitor for BG’s LNG plant is Kitimat, where Royal Dutch Shell has already bought the old Methanex plant for an LNG terminal. The second bombshell was lobbed by an Enbridge spokesman who told reporters during an Asian tour with Prime MinisterStephen
Please see Investors page B6
*OUFSJPS #SJUJTI $PMVNCJB KAMLOOPS, BC & AREA s Future Mobile Home Park Clearwater, BC n 15 acres plus 2.7 acres, highway commercial.
FOR SALE PENTICTON LUXURY MOUNTAIN TOP HOME ON 2 ACRES BEAUTIFUL VIEWS OF SKAHA AND OKANAGAN LAKE
$1,999,000
$279,000
s MiniMall Barriere, BC – 5 units plus vacant lot for future expansion 242 ft. hwy frontage
$399,900
s Commercial Building, with 4 Bedroom Suite – Clearwater BC Building just under 4000 sq ft. Ÿ
PENTICTON
LAKEFRONT PENTHOUSE WITH MOUNTAIN VIEWS AVAILABLE IMMEDIATELY
acre lot. Current use is restaurant.
$274,900
s 2ESIDENTIAL #ONTRACTORS n +AMLOOPS "#
–
1 BDRM + DEN NEW PRICE $479,000
Building lots, great sub-division. LOTS LEFT IN
PENTICTON
ready in June 2012. Acres of land for future
LAKEFRONT PENTHOUSE AMAZING VIEWS OF OKANAGAN LAKE & AVAILABLE IMMEDIATELY
2 BDRM + DEN NEW PRICE $1,499,000
THIS PHASE AT n next phase development. s UNIT MOTEL n #LEARWATER "# – Consists of 8 attached units & 6 separate cabins, plus ofďŹ ce with owners suite. On 3.26 acres along river
OSOYOOS 10 INCOME PRODUCING LAKEFRONT RV LOTS
$1,250,000 + HST Please visit our website or call for more details.
channel. Buildings are in great condition. Monthly rentals plus daily summer rentals.
s #ITY #ENTRE HIGH VOLUME RESTAURANT n +AM
604-592-7250
-
LOOPS "# n nice premises MILLION FOR LAND BUILDING BUSINESS
monarkinvestments.ca Financing Available. Potential Trades.
$549,900
Call MARVIN MATT
1-250-319-8784 +!-,//03 2%!,49 ,4$
mmatt@shaw.ca
www.realestatekamloops.ca
B6 Interior B.C./Business Opportunities ProďŹ table Publishing Business For Sale Hotel Guest Directories Est. October 1993 Territories available: Penticton & Vernon, BC Selling Due to Retirement • Business is territory driven with annual advertising sales, publishing and updating of Hotel guest Directories in each city. Available as a package or separate entities for Penticton and Vernon, BC • Exclusive long term contracts with 15 hotels in 2 cities for supply of Guest Room Directories. • Current owner is a graphic designer, satisfying all aspects of sales, creative, pre-press and updating. Although a great ďŹ t for an established graphic design business, ad sales are the key. Asking $74,000 for the two territories. Contact Bryan Chamberlain 1-866-209-1883 Email: bryancgraphics@gmail.com
20 Room Motel ,000
$750
Located in the heart of Radium Hot Springs. Comes with attached 2 storey living quarters. Over $250,000 spent on renovations in the last year. Owner will ďŹ nance with $350,000 down payment.
Contact: BILL
info@bighornmotel.ca
250-347-2439 DEVELOPMENTAL LAND AND
GOLF COURSE FOR SALE
*/7&45034 from B5 Harper that Enbridge may “reconsider� Prince Rupert, rather than Kitimat, as the terminus for its $6.6 billion Northern Gateway pipeline. That news would not be greeted with general glee in Rupert. In February more than 600 residents marched in a protest against the pipeline and subsequent oil tankers anywhere on the northwest coast.
#BSHBJO SFBM FTUBUF
So, as so often in the past (the history includes the shutdown of the Skeena saw mill, the fall of the Japanese export market, a collapse in coal prices and forestry), investing in Prince Rupert real estate remains something of gamble. But this time it should be a sure bet, said Gordon Kobza of Realty Executives, the top commercial real estate agent in Prince Rupert. “We are close enough to the bottom to see our toes,� Kobza said, and the real estate prices and potential bear this out. At Rupert Square, the city’s flagship mall, Wal-Mart has taken over the former Zeller’s space and will take an extra floor when it opens later this year. Mall managers, which will see the exit of theFields’ store this fall, are offering lease rates from $9 triple net. Residents are in dire need of more retail, Kobza said, pointing out there is “no DQ, no
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
A&W, no KFC and no Boston Pizza. This 2VJDL GBDUT town needs everything.â€? On Prince Rupert’s main retail strip, sales signs and dark stores are common, and prices NORTHWEST are through the floor. The site of the former BRITISH COLUMBIA daily newspaper (which folded last year) is up for sale at $299,000 for a large downtown Terrace lot and two buildings. A block away, Kobza PRINCE RUPERT has listed a newer two-storey retail and office 1 37 âœŞ building, 50 per cent leased, at $550,000. “This was $700,000 two years ago,â€? he said. Pacific Kitimat “You can buy a condo here for $40,000, even Ocean less,â€? said Baker, also a recent newcomer to Prince Rupert. Rents are around $500 to $600 for a two-bedroom house or condo. As Kobza notes, 1SJODF 3VQFSU # $ many of the rentals are owned by investors who Population 12,500 rushed in during the last Average house price $175,000 mini-boom back in 2004. Average condo price $40,000 “They still own them,â€? he Retail lease rates $9-$12 per square foot said ruefully. This explains why there has been Web page www.princerupert.ca no new multi-family construction in the city for three years. tently a someday boom town. Between 2006 But even Chivers sees that changing. She and 2011, the population of Prince Rupert fell said the real housing demand in Prince Rupert to 12,508 as more than 300 residents packed now is new “executiveâ€?-level detached houses up and moved on. The 2.4 per cent decline is priced above $200,000 – the kind of homes that the biggest in all of B.C. and the fifth-highest resource executives and engineers like – but in Canada. this segment is in short supply. “This time is different, “Kobza said. It will take some time to convince some With China, the prime minister of Canada, Prince Rupert residents and investors that the the premier of B.C. and resource behemoths economy has truly turned around. As the lat- from around the globe all rooting for success est census shows, many people have already in the northwest, he could be right. The prince turned their backs on what has been consis- in waiting may have finally arrived.â—†
“We are close enough to the bottom to see our toes�
INDUSTRIAL PROPERTY
IN THE BEAUTIFUL BC INTERIOR
Coldstream / Vernon
s
162 Acres 9-Hole Golf Course s Club House s Residence s Trades Considered
UĂŠ xääʓÊ,>ˆÂ?Ăœ>ÞÊ-ˆ`ˆ˜}
s
UĂŠ Ă?ViÂ?Â?iÂ˜ĂŒĂŠ>VViĂƒĂƒĂŠĂŒÂœĂŠ iĂœĂŠ ĂœĂžĂŠĂˆĂŠĂ€i>Â?ˆ}˜“iÂ˜ĂŒĂŠ EĂŠÂˆÂ˜ĂŒiĂ€ĂƒiVĂŒÂˆÂœÂ˜ĂƒĂŠĂƒVÂ…i`Ă•Â?i`ĂŠvÂœĂ€ĂŠ-ÂŤĂ€ÂˆÂ˜}ÊÓä£Ó UĂŠ ÂˆĂƒĂŒĂ€ÂˆVĂŒĂŠ* ,ĂŠEĂŠ ˜}ˆ˜iiĂ€ÂˆÂ˜}ĂŠ*ÂŽ}Â°ĂŠÂˆÂ˜ĂŠÂŤÂ?>ViĂŠvÂœĂ€ĂŠ “>Ă?ÊÇÊÂ?>Ă€}iĂŠÂ?ÂœĂŒĂŠ Ă•ĂƒÂˆÂ˜iĂƒĂƒĂŠ*>ÀŽÊ UĂŠ ÂœV>Â?ĂŠĂƒÂ…ÂœĂ€ĂŒ>}iĂŠÂœvĂŠVÂ?i>˜]ĂŠL>Ă€iĂŠ ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠ >˜`ĂŠ ÂŤĂ€ÂœĂ›Âˆ`iĂƒĂŠĂƒÂˆ}˜ˆwV>Â˜ĂŒĂŠÂœÂŤÂŤÂœĂ€ĂŒĂ•Â˜ÂˆĂŒĂž "vviĂ€i`ĂŠ>ĂŒĂŠ$2,400,000
BEST-WEST REALTY LTD. 250.554.4511
250.801.8380 / Doug.Roberts@Telus.net
BLOCK MOTEL $695,000
QUALITY INN 48 ROOMS RESTAURANT $2,590,000
LARGE REDEVELOPMENT PROPERTY.
HOTEL, LIQUOR STORE, RESTAURANT $499,000 RDER COURT O
SALE
NICELY LOCATED AT THE CROSSROADS OF THE KOOTENAYS. GOOD VOLUME.
DEV. PROPERTY $669,000
NICELY EQUIPPED. THE ONLY ONE IN THE CITY.
CHATEAU MANOR $2,490,000
MIDWAY STORAGE $1,290,000
600 FT OF HWY FRONTAGE FOR AUTO DEALER & BODY SHOP.
GOLDEN LIFE 20 UNITS & MANAGERS SUITE. GROSS $390,000/YR.
NICELY LOCATED EXCELLENT SHAPE 100% FULL GREAT SELECTION OF TENANTS
LIGHT INDUSTRIAL BLDG $425,000 4 LARGE LOADING DOORS. OFFICES & MEZZANINE.
AUTOMOTIVE BUSINESS HIGH VOLUME LARGE EQUIPMENT PACKAGE
Be your own boss. Well established Vernon convenience store showing annual increasing sales. Price includes business and real estate. Hi-tech security system, computerized inventory control, new furnace, comfortable living quarters. Approximately $30,000 in inventory (not included in purchase price). MLSÂŽ 10036249 Asking $435,000.00
1 ACRE COMMERCIAL LOT – 27th STREET 1 + Acre development lot on Vernon’s busiest street with mixed use commercial. City will consider a combination of retail, ofďŹ ce and residential with medium to high density. Great location, walking distance to downtown core, close access to all amenities. MLSÂŽ 10037001 Asking $1,590,000.00
MILANOS PIZZA $169,000 THIS TAKEOUT IS ESTIMATING "400,000" IN 2012.
(250) 231-5222 (CELL)
www.cbcworldwide.com www.coldwellbankertrail.com
LEASING OPPORTUNITIES Most any types of OfďŹ ce, Retail, Service Commercial, Light or Heavy Industrial spaces available. Contact Ken or Peter
Ken McCluskey Peter Lockhart
$159,000 1ST TRAIL REAL ESTATE LTD.
FOR LEASE - 30,000 sq. ft. of prime ofďŹ ce space on 2.08 acres providing abundant parking. Situated in Vernon’s north business area. Close to restaurants, hotels, shopping mall, Wal Mart, Future Shop, etc. Zoned C5 - permits a large variety of uses. Possibility of demising building into smaller retail or ofďŹ ce units. Building in A-1 condition. Available end of 2012. MLSÂŽ 10040168 Asking $15/sq.ft.
CONVENIENCE STORE c/w RESIDENCE
COLDWELL BANKER COMMERCIAL WORLDWIDE
DRY CLEANER $89,000
LARGE OFFICE SPACE
UĂŠ Ă“xĂŠ VĂ€iĂƒĂŠÂœvĂŠÂ?iĂ›iÂ?ĂŠ ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠ >˜`ĂŠÂ<œ˜i`ĂŠ ‡ÓŽ
Dwight Vos 250.371.7992 Tracy Mackenzie 250.318.2938
VERNON COMMERCIAL
(250) 368-5508 (FAX)
1-800-434-9122 250-545-5371 Royal LePage – Vernon
Interior/Northern British Columbia B7
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
OKANAGAN BUSINESS OPPORTUNITIES “Live and work where you play�
FOR
SALE
34 UNIT APARTMENT BUILDING Cranbrook, B.C. s %XCELLENT CONDITION s %XCELLENT CENTRAL LOCATION s 7ALKING DISTANCE TO SHOPPING
UĂŠĂŠ -i“ˆ‡ >ÂŽiĂƒÂ…ÂœĂ€iĂŠy>ĂŒĂŠÂ°Ă‡Ă‡ĂŠ>VĂ€iĂŠÂ?ÂœĂŒĂŠ ĂœÂˆĂŒÂ…ĂŠĂŽĂŠLi`Ă€ÂœÂœÂ“]ĂŠĂŽĂŠL>ĂŒÂ…ĂŠvĂ•Â?Â?ĂŠĂŠ ĂƒÂˆ`iĂŠLĂžĂŠĂƒÂˆ`iĂŠ`Ă•ÂŤÂ?iĂ? UĂŠ ``ÂˆĂŒÂˆÂœÂ˜>Â?ĂŠVœ““iĂ€Vˆ>Â?ĂŠLĂ•ÂˆÂ?`ˆ˜}ĂŠĂŠ VÕÀÀiÂ˜ĂŒÂ?ÞÊÂ?i>Ăƒi` UĂŠ ˆ}Â…Ăœ>ÞʙÇ]ĂŠ"Ăž>“>°Ê Ă•Â?Â?ÞÊÀiÂ˜ĂŒi`ĂŠ ĂœÂˆĂŒÂ…ĂŠĂƒĂŒĂ€>ĂŒÂˆwV>ĂŒÂˆÂœÂ˜ĂŠ>ÂŤÂŤĂ€ÂœĂ›i`ĂŠ>˜`ĂŠ ÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?ĂŠĂŒÂœĂŠ`iĂ›iÂ?ÂœÂŤĂŠvĂ•Ă€ĂŒÂ…iĂ€
Exclusive $859,000
ALLYN BENTZ Coldwell Banker Horizon Realty #14-1470 Harvey Ave Kelowna, BC V1Y 9K8 250-860-7500, 888-535-6962 abentz@coldwellbanker.ca www.allynbentz.com
2OOM TO EXPAND 'ROSS REVENUE YEAR !SKING $2.7 Million/OBO 0HONE 250-992-2048 BUSINESS AND INVESTMENT OPPORTUNITIES UĂŠĂŠ >Ă€}iĂŠ >V…ˆ˜iÉ7iÂ?`ˆ˜}ĂŠ-Â…ÂœÂŤĂŠâ€“ Suitable for investor or owner/operator. Includes land & buildings. fÓ°ÓxĂŠ ˆÂ?Â?ˆœ˜ UĂŠ ˆViÂ˜Ăƒi`ĂŠ >Ă€iĂŠ >VˆÂ?ÂˆĂŒĂžĂŠ qĂŠ >“Â?ÂœÂœÂŤĂƒĂŠ – 9 bedrooms, 7 bathrooms on spacious lot. Built in 2008. Has all amenities needed. Well-priced atĂŠfĂˆĂ‡x]äää COMMERCIAL BUILDINGS UĂŠ >“Â?ÂœÂœÂŤĂƒ – 6100 sf bldg. Large yard
f™™x]äää
UĂŠ >“Â?ÂœÂœÂŤĂƒ – 2 Tenants – 8.5% Cap
f{xä]äää
UĂŠ Âœ}>Â˜ĂŠ >ÂŽi – 3 Tenants - Well Established "7ĂŠfÓǙ]äää UĂŠ >“Â?ÂœÂœÂŤĂƒ – Future Highrise expansion
f£°{ĂŠ ˆÂ?Â?ˆœ˜
UÊ >V…iÊ ÀiiŽ – Hwy Frontage – Secure Yard
fĂŽĂˆÂ™]äää
DWIGHT VOS phone: (250) 554-4511 toll free: 1-866-456-0577 BEST-WEST REALTY LTD. KAMLOOPS email: dvos@kadrea.com
;DG H6A:
TRADE or SALE FOR HOUSE
Kamloops North Shore Corridor Available 1 acre w/time limit. 15,000 sq.ft. with rental shop Includes house + mechanic garage Zoned C1T trafďŹ c 30 cars/minute
$330,000 three acre lot in OSOYOOS Will take house interior BC or sell Really cheap if cash sale.
Quick sale buyer could receive a restored black 1917 Model T Roadster with only 2 hours of running time!
Leave message
(250) 497 5689 hormes@shaw.ca
Phone/Fax 250-376-7826 Cell 250-319-2101 Opportunity only knocks once!
SALMON ARM, B.C. Reduced to $551,000
MUST SELL!!! OWNER WILL CONSIDER ALL OFFERS!!!
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. Onebedroom, 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.
s !CRE -INI STORAGE IN -ILE (OUSE s )NDUSTRIAL AREA s SQ FT n UNITS s !DDITIONAL SQ FT n UNITS TO LOCK UP s &ULLY CHAIN LINK FENCED s SQ FT LOG HOME CARETAKER SUITE s 3CHEDULE @! TO ACCOMPANY ALL OFFERS
SALLY SCALES
Wayne Walker 1-800-663-8426
sallys1@telus.net or 250-833-2129
100 Mile Realty
— Your PRINCE GEORGE Commercial Professionals —
D SOL
4350 Handlen Rd – ‘Court Ordered Sale’
2977 Ferry Ave. FOR SALE – 0.8 Acres on corner of Ferry Ave. & Ospika Blvd. C-6 zoning.
5,525 sq ft concrete block building on .99 Acres. Zoned C-6.
1440 – 2nd Ave.
9080 Penn Rd.
Extremely well maintained quality 5,386 sq ft OFFICE building. Vacant possession June 2012.
FOR LEASE – 25,660 sq ft quality warehouse located in the Danson Industrial Park.
5083 & 5075 Domano Blvd.
1108 Boundary Rd.
FOR LEASE – Prime College Heights RETAIL/OFFICE space. Visually desirable location. Net Lease.
FOR SALE - 9,000 sq ft cement block building on 2 Acres, fenced compound. Building has been renovated & updated. Land has been graded for proper drainage. 3-phase power.
678 Vancouver St.
760 Kinsmen Pl.
FOR LEASE – 1,985 sq ft of top quality second oor ofďŹ ce space. 6 ofďŹ ces, meeting room, lunch room & common area. Net Lease.
9543 & 9565 Anzac Cres. FOR SALE - 1.88 Acres. Zoned M-2. Industrial lots, cleared, level & serviced.
New ďŹ rst-class building in prime location. Ready for occupancy September 2012. Main oor 4,300 sq ft available and daylight basement 2,000 sq ft. Zoned C-4.
1437 North Fraser Dr. – Quesnel FOR SALE – Court Ordered Sale 38.5 Acre property. 604 sq ft stand alone ofďŹ ce. Main 3,498 sq ft concrete block 4 bay truck shop, with 1,628 sq ft addition attached. A 2,160 sq ft storage building with a 648 sq ft wood frame storage shelter. A sand/gravel business historically operated from this site, however no licensing permits have been conďŹ rmed.
1550 – 1st Ave.
1921 Upland St.
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.
RED
U
CED
FOR SALE – Exceptional 12 unit apartment building. Good location, well maintained property. 8% Cap Rate.
2222 Balsam Ave. – Quesnel,B.C.
508 George St.
8,200 sq ft fully equipped 250 seat restaurant. Previously ‘Tony Roma’s ‘ franchise. Completely renovated & equipped.
Highly visible first class 12,177 sq ft main building. Also has warehouse, two ministorage warehouses & caretakers mobile home.. Highway access o
www.pgcommercial.ca RE/MAX Centre City Realty Each ofďŹ ce is independently owned and operated
GEORGE Weinand
250-960-9556
KEN Goss
250-565-7653
THINK REAL ESTATE...The Best Investment on Earth
B8 Northern British Columbia
KITIMAT 20-25%+ ROI/Cash on Cash! 4-Plex for Sale - $259,900 Turn Key, fully managed unbelievable Investment opportunity in the
Next Boom Town! This Deal won’t last long! CALL 604-725-4872 or 250-826-2284 EMAIL: jvdevgroup@gmail.com
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
NORTHEAST BC REALTY Ltd.
DAWS O N C R E E K
Phone 250 785 4115
LUCRATIVE BUSINESS OPPORTUNIT Y Well established Towing and Recovery business in Dawson Creek BC. "Exceptional Towing & Recovery Ltd." 150 X 150 Chainlink fenced, grave/asphalt compound, 1 bay heated garage, dispatch/offi ce unit w/services, storage shed. Zoned M-2 Light Industrial. All Equipment included with list available upon request. MLSÂŽ 134219 r Price $895,000 For more info call:
Nyla Lepine & Donna Cooper
“Investing Our Energy In The North� Located at 10220 101 Avenue Fort St John BC V1J 2B5 www.NEBCRealty.com
RARE OPPORTUNITY - FORT ST JOHN, BC
250-784-4044 DAWSON CREEK REALTY 250-782-8181 “independently owned and operated�
For sales or leasing inquiries please contact:
<:DG<: B6GI>C Tel: '*%".+%"'''* Fax: '*%".+%"''*&
FORT. ST. JOHN OPPORTUNITY KNOCKING!
LOCATION, LOCATION!
8224 - 93rd Street 1050 sq ft of ofďŹ ce w/ hardwood  oors. Front reception & display area & the shop with 3 bays, 1 is drive through/wash bay. Radiant heat, mezzanine area, 14’ overhead doors. Fenced compound all on city services.
REDUCED $810,000 - MLS# N4504836
FOR SALE OR LEASE PROSPECT PARK LOCATION
PRIME LEASE SPACE 10215 - 100th Street
$13.00/sq ft + NNN MLS# N4505306
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# N4505220 Lot 12 also available $1,128,750 MLS# N4505221
10711 - 91st Ave Updated ofďŹ ce space, new windows, doors and updated forced air furnace. 1100 sq. ft. of ofďŹ ce space attached to 3250 sq. ft. of shop. + 6500 sq. ft. of additional shop space available. $15.00/sq ft + NNN - MLS# N4505100
1850 SQ FT LEASE SPACE 8219 - 100 Ave This building has great access from 100th Street with easy access parking. There are well established businesses in the building bringing trafďŹ c to the location. 1850 square feet includes washroom/shower facilities.
$15.00/ sq. ft. + NNN MLS# N4505244
KATHY MILLERCURTIS ROBINSON PERSONAL REAL ESTATE CORPORATION
Remax Action Realty 1991 Inc.
kathy@bugkathymiller.com curtis@remaxaction.ca 250-785-5520 Toll Free : 1-888-785-5520
The Power Of Partnership!
(based on top dollar sold and number of units sold)
Ron has been a long standing member of the Canadian Commercial Council of Realtors and member of the BC Northern Real Estate Board and BC Northern Commercial Council.
PACKAGED ASKING PRICE $3.58 Million Call Ron for information package or to arrange to view
DAWSON
CREEK
www.dawsoncreekrealestate.ca
TOM MORAN 250-784-7090 tommoran@shaw.ca
LLOYD SMITH 250-784-7116 lloydsmith@shawcable.com
RE/MAX DAWSON CREEK REALTY 1-888-214-5871
;DG H6A: DG A:6H:
A total of 10,290 sq. ft. of prime downtown core retail or ofďŹ ce space available. High visibility & easy access ensures stability. Landlord willing to devise space to ďŹ t your needs.
as recognized by BC Northern Commercial Council
5.72 Acres - 1159sf house & 42’x78’ shop ASKING $980,000 MLSŽ N4505212
EG>C8: <:DG<:! 78
10123 - 100th Street A prime downtown location, right on 100th Street, just under 2500 square feet divided into 2 separate retail spaces, both sides currently leased $299,900 MLS# N4504949
For achieving 2011 MLSÂŽ Top Commercial Producer
9.56 Acres - 2 industrial shops (7183sf & 7000sf +/-) ASKING $2,395,000 MLSÂŽ N4505211
6>G8G6;I =6C<6G ;68>A>IN
s .EWLY CONSTRUCTED AT THE 0RINCE 'EORGE )NTERNATIONAL !IRPORT s ,OCATED ADJACENT TO THE MAIN TERMINAL s !VAILABLE FOR OCCUPANCY *ANUARY s 3UITS BOTH AVIATION AND COMMERCIAL OFl CE APPLICATIONS s SQ FT OFl CE MAINTENANCE SPACE ON TWO m OORS s (ANDICAPPED ACCESSIBLE COMPLETE WITH ELEVATOR s SQ FT HANGAR SPACE s (ANGAR DOORS ARE WIDE BY IN HEIGHT s (ANGAR IS EQUIPPED WITH A FOAM l RE SUPPRESSION SYSTEM s )N SLAB m OOR HEATING THROUGHOUT THE HANGAR SPACE s 2EMOVABLE PARTITION WALL CREATES TWO SEPARATE HANGAR BAYS s !MPLE PAVED PARKING WITH ADJACENT GRAVELLED PARKING AREA
Š2010—2012
CONGRATULATIONS RON RODGERS
Light Industrial Package located by the city limits with access to major arterial roadways...ideal if you are looking for an all-in package; housing, office space, shops, warehouses! All within reach of City amenities.
5.73 Acres - industrial site (modular home/office) ASKING $549,000 MLSÂŽ N4505213
nyla@shawcable.com donnacooper@remax.net DONNAANDNYLA.CA
NEBC
F: 250 785 4120
RON RODGERS - OWNER / MANAGING BROKER Email: ron@northeastbc.com
DAWSON CREEK COMMERCIAL EXPERTS
#129593: COMMERCIAL BUILDING WITH BEER AND WINE STORE for sale (gross sales of $2,000,000). Great location in Dawson Creek, also 40 apartments, bar/restaurant area and commercial space. Asking $3,500,000. Call for more info.
#130083 - Prime location on Alaska Ave. in Dawson Creek - close to all retail and downtown and still on main artery through the City. Total of 17,000 sq. ft. of new space and can be divided into whatever you need. Popular new restaurant now open, lots of parking.
#129952 - FOR SALE OR LEASE Multi purpose building with 2 units now leased leaving 11,000 sq ft. available. Upgrades include updated roof and furnaces Asking price is just $397,000 FOR LEASE 3200 SQ FT SHOP with an additional 1680 sq ft of office are on upper floor. 2 doors 12x14 into 40x40 shop. Zoned M2 (light industrial) on .23 of an acre. Asking $16.00/sq ft. #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 FOR SALE OR LEASE 5040 sq ft building on busy Alaska Ave. Many uses, drive thru availability, lots of parking, next to government liquor store. Owner will consider dividing building into two rental units. Priced at $795,000 or $16.00 per sq ft to lease. #132673 - 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, will builld to suit. $290,000 #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
#130029 RETAIL STOREFRONT on 102nd Ave. for sale, 3500 sq. ft on a corner location, paved parking, good visibility can be used for ofďŹ ce, retail, or your own small business. Owner will consider leasing as well. Reduced to $119,000 as is
D
SOL
#130010 - WELDING / MACHINE SHOP for sale Includes 12’ door, 13’ ceilings, 3 phase power, 23o Volt/400 amp service. Gravel yard, 100 sq. ft. ofďŹ ce with shower & bathroom. Fire hydrant, 2 overhead cranes. $220,000
D
SOL
#129257: THE SOUTH PEACE UNITED CHURCH IS FOR SALE. OVER 11,000 SQ. FT. - Sanctuary, hall, kitchen, ofďŹ ces, and support services. Excellent corner location, zoned commercial, very good condition, ready for an ofďŹ ce or residential conversion. $495,000 #133401 - BUSINESS OPPORTUNITY located on the east side of Dawson Creek. Belsum Auto Recyclers Ltd has a proven track record and shows a good return. Includes 6.5 acres of prime industrial land on Hwy #49, a heated main shop with 3200 sq.ft. and an adjoining 2400 sq. ft. building used for stripping vehicles. Lots of inventory, and equipment includes 3 forklifts and a skid steer. Asking $1,200,000 for the land, buildings, and turnkey business with inventory. #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
L A N D #129635: RESIDENTIAL DEVELOPMENT LANDS, one parcel of 25 acres on the north west edge of Dawson Creek for sale, superb location for residential homes, the timing is right as we need more residential lots for our busy market place. Asking $625,000 #129877: ONE ACRE OF MULTIPLE RESIDENTIAL LAND suitable for 37 unit apartment or condo complex. Across from the hospital in a prime residential area of Dawson Creek. $179,000 #127836: SUBDIVISION FOR MOBILE HOMES! Total of 39 mobile lots are possible on this 4.6 acres, zoning in place, some services are already in, 3 lots have been subdivided. Call for more info. Asking $300,000 #127441: 80 ACRES OF INDUSTRIAL LAND with highway frontage, railway tracks, water and sewer in the City of Dawson Creek. Asking $31,250 per acre
#135241: COMMERCIAL LAND NEXT TO THE GOLF COURSE. Great location and potential! 10.33 acres that are zoned C-3 (highway commercial) between the driving range and regional district offices, close to a large campground. Lots of options, borders the Alaska Highway. $1,000,000 WILL BUILD TO SUIT - AIRPORT ONE ACRE LOTS Developer has 3 one acre lots in a row at the airport with highway frontage...will build a 5000 - 7,000 sq, ft. pre-engineered steel shop, provide a graveled and fenced yard with a 5 year lease starting at $ 14.00 per sq. ft. for the shell. Also willing to build and sell to tenant. One lot now leased and sold. Only 2 left! #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
Northern British Columbia B9
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
Suburban offices going dark
Strata changes spook owners
A
O
pproximately two million square feet of suburban office space is sitting vacant, representing more than two-thirds of all the vacant offices in Metro Vancouver, according to a report from commercial realtor Avison Young. Among the worst hit is Richmond, where 785,628 square feet of space is empty, including nearly 70,000 square feet of sublease space that has gone dark in the past year. Surrey, New Westminster and Burnaby are also posting double-digit office vacancies, with 966,000 square feet of empty space in Burnaby alone. The suburban slowdown is in contrast to downtown Vancouver, which is seeing the highest lease-up of office space in five years. The downtown vacancy rate has plunged to 3.9 per cent, down from 5 per cent a year earlier, Avison Young reports.
Natives vote for Delta mega-mall
A
bid to build B.C.’s largest shopping complex on former Agricultural Land Reserve near the Tsawwassen ferry terminal in South Delta appears a done deal after members of the Tsawwassen First Nation voted to proceed. A proposed two malls would total more than 2.3 million square feet. This would be larger than the Metrotown Mall complex in Burnaby, the largest shopping centre in the province. The Tsawwassen First Nation voted more than 95 per cent approval on the two proposals, which don’t require Delta’s approval, on January 18. Ivanhoe Cambridge and the Property Development Group plan to develop the shopping and office space just off Highway
wners of commercial stratas may be forced to deal with a problem traced to poorly managed residential condo buildings. “The [B.C.] government sees no difference between commercial or residential stratas,� said Neil Hamilton, senior property adviser with MacDonald Realty Ltd. in Vancouver, who has been monitoring changes to the B.C. Strata Property Act, which come into effect March 13. The changes mean that every strata corporation will have to file a “depreciation report� every three years, outlining the current conditions of the strata buillding, and also file and continually update a 30-year budget for repair, maintenance and upgrades. The first depreciation reports must be filed by the end of 2013. The changes were forced because some B.C. residential strata corporations, the first of which are now 40 years old, have failed to keep contingency funds at levels required under the Strata Property Act. “The government is trying to clean up the ongoing upgrade, repair, maintenance process in B.C. [residential] stratas,� Hamilton said. “It is for consumer protection.� The changes could raise strata fees, he added, as strata corporations pay to prepare and update the reports, which could run as high as $50,000 for a large condominium building. A strata corporation will be allowed to exempt itself from the regulations by a 75 per cent vote of members, with each exemption good for 18 months. Also, buildings with five or less units – which can be typical in a commercial strata building – are also exempt. But strata owners who opt for an exemption may wish they hadn’t, said Ed Wilson, partner with the Vancouver law firm of Lawson Lundell LLP, who has advised the provincial
%FWFMPQFST SVTI UP HFU PO CPBSE XJUI &WFSHSFFO
D
evelopers are preparing to launch hundreds of new homes and local municipalities are redrafting bylaws in preparation for the new $1.4 billion Evergreen Line that will run from Coquitlam to Port Moody starting in 2016. An estimated 1,500 new homes, mostly condominiums, are either planned or under construction along a transit route that is expected to handle 70,000 passengers a day. Studies show that homes within Proposed Burquitlam Station for the Evergreen 400 metres of a transit station can Line. be worth up to 20 per cent more than those further away, according to Howard Steiss, president of Red Dot Real Estate Marketing Ltd. of Vancouver, which is handling sales of an investor-friendly condo project close to an Evergreen station. The City of Coquitlam got in front of the transit push earlier. Three years ago, the city increased density zoning to allow three or even four small houses – up to 700 square feet – on a typical large lot in central Coquitlam neighbourhoods, and recently extended it to new developments. In January, city council approved a rezoning bid that allowed Morningstar, a residential developer, to include a small second detached house on a single lot, and include rental suites above garages. Last month, Coquitlam also passed a rule for the Southwest Coquitlam Area Plan that will allow carriage homes and garden cottages as well as triplexes and four-plexes. The move will increase density – and potentially property values – in established neighbourhoods such as Austin Heights, Lower Lougheed and Burquitlam. Carriage homes will only be allowed on properties currently zoned RT-1. Such owners wanting to build an accessory unit won’t have to go to public hearing – only apply for a development permit. In its reaction to the Evergreen Line, Port Moody is lifting no-growth restrictions and this spring will start a new official community plan to densify Moody Centre. The city had developed Newport Village and Klahanie, but halted growth after it resulted in heavy traffic through the streets of the community. Photo: Evergreen Line Rapid Transit Project Office
#SJUJTI $PMVNCJB
17 at 52nd Street. The 180-acre site had been part of the Agricultural Land Reserve but was pulled out when it became part of the First Nation’s treaty settlement lands.
8)"5¤4 )"11&/*/( */
government on real estate legislation. Wilson said the depreciation reports will likely be requested by potential strata buyers and mortgage lenders. “If you don’t have a report, a buyer may not want to buy and a lender may not want to lend,� Wilson said. Even strata owners in buildings with five or less units, which are automatically exempt, may want to file the reports for financing and insurance purposes, he added. The changes also make it mandatory to
attach a depreciation report to the existing disclosure form when a strata unit is being sold, Hamilton noted. The depreciation reports should also concern commercial strata investors who rent their units to tenants, said Wilson. “The question is, who is responsible for paying for the repairs, the tenant or the landlord investor?� Commercial leases vary, with some saying the tenant is responsible for special levies, while others do not, he explained.◆
Invest in
Prince George
4:22 / / & % * ) & " &, # & ' ) # / 6,4:8 / / " ' ' )) ' " . / 14;8,222/ 34 $ ! 1;<,222 " . '&/ % &' ) , "' / # 18:8,222/
89 ' ' & '& , & ' , '&& " ' * / 6,222 / / % 5=36+ '
" *' / ), ) . ' , )'&& 3/5 ' 18<<,222/ '& & ' ' # , / / 34,922 / / # % , '& /
;2 ' / & / && " '"' &'*& / '& & ' , 4 * & , <6,222 / / 32/4; ' *& ' & ' / ! )' ' #' '"' &'*& , .
/ 5 ' ' 4/89 ' 14;4,222 3/;: ' 1428,222 3/:4 ' 13;<,222 * ) '&&-
. '& & '&0 0 ' & ) 3,822=<,922 / / ' ) 1:/22 . 4;,964 / / '& * & 8/59 ' , )' ( ' 14,6<<,222/ 3;,922 %' 3 ' 13,522,222 & ' 7 18/82 .;/: ' '& 19,922,222 ./49 ' ) & ') & * ' '& 1393,222/ 334 ' & 13,6<2,222 8,322 / / '& * & 3/9< ' 1;<2,222 & ' 1; . 0 " ' ' '/ 13/4 '& / # 1322,222/ & " /
Two waterfront properties Ideal for recreational/residential development Not in the ALR - Highway access Parcel 1 - 26 acres, 1450’ of lakefront $295,000 Parcel 2 - 55 acres, 1650’ of lakefront $495,000
Subdividable 7.32 acres $545,000 located along the Nechako River and only minutes to downtown nicely treed, existing driveway & hydro Highway Exposure - .57 acre $739,000 near Costco, Winners & Future Shop 3664 sq ft building plus part basement zoned M3 - Business Industrial
Elaine Kienzle 250
960-8769
www.elainekienzle.com
TERRACE BC Office Building FOR SALE
! " #$ % &'
& ( )* & + + + ,- +. & + . * * / ! * 0 * .
$-+ '+ &' & ! 1 2 & 3 & 1 + ,+ ! . -' 2 * * & / &&
* -& &' ) '+ & & +-. 4 * 5 + * &5 &5 & + 5 ,- +. &- &
Eight private offices, large admin area, inviting reception area. Lunchroom. Private paved parking. Lots of Storage. HE furnace. Cat5 wired. Handicap access. $375,000 www.cls.ca MLS # 4505003 Erika Langer 1-877-635-2404 Royal LePage Terrace
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
Sicamous, BC
Multi-Unit Residential r 6OJU 3FTJEFOUJBM 5PXOIPVTF 1SPQFSUZ r 1PUFOUJBM UP TUSBUJGZ VOJUT GPS SFTBMF r (SPTT QPUFOUJBM SFWFOVF PG ZS r "OOVBM FYQFOTFT UBYFT XBUFS TFXFS JOTVSBODF Reduced to $819,000 (sold in 2007 for $1,000,000). "QQSPY NPSUHBHF QNU PO NP
Email: tekamar@telus.net or call: 1-800-658-2345 * Financing available O.A.C.
Subscribe
B10 Northern British Columbia
CALL NOW 1-800-661-6988 www.westerninvestor.com
MAKE MORE DEALS Market your listings in the Western Investor. Thousands of private investors and real estate professionals use the Western Investor to help guide their investment dollars into profitable businesses.
â–˛
APRIL AD DEADLINE: MARCH 12TH Report: Franchise/Small Business Land values Social media selling Franchise News Lifestyle Properties Regional Roundups: BC: Abbotsford AB: Airdrie MB Spotlight: Flin Flon
.FEJB ,JU 0O -JOF ! XXX XFTUFSOJOWFTUPS DPN $PNNFSDJBM 3FBM &TUBUF 'SBODIJTFT #VTJOFTT 0QQPSUVOJUJFT
DBMM UPMM GSFF
Alberta B11
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
P
e t a t s E l a e R e rim
BOWDEN ALBERTA
S ylvan L ake, A lberta LEASING OPPORTUNITY OFFICE/COMMERCIAL
Modern building up to 180002ft with 80+ parking stalls. One hour North of Calgary airport with high visibility and 2 minute access to QE II Highway. High traffic volume $10 /sq ft NNN
Call CARL STEPP cell: 403-358-9300
DON WILSON 403 559 7781
www.sylvanlakehouseguy.com 1- -- -ĂŠUĂŠ " , ĂŠ ĂŠUĂŠ ," /-
MODULAR HOME community For Sale • 150+/- acres
RESORT: Asking $4.0mil 60 Acres in Rocky Mountain, 6 months open GAS STATION: Asking $2.19mil In store sale only $2.45mil (with Lotto $450k) MOTEL: Asking $1.6mil 51 Rooms, Sale $500,000 in Vegreville, AB
• Within 20 minutes from Calgary
MOTEL: Asking $3.79mil 38 rooms in Edmonton
• Approx 1400 modular home units
MOTEL: Asking $1.79mil 45 rooms in Pincher Creek
s ! &LAGGED 2OOM ,IMITED 3ERVICE (OTEL consisting a variety of suites, well located with highway exposure and surrounded by a substantial number of conveniences, continued superb revenue performances that yield substantial N.O.I. that ultimately result in excellent return on equity and investment. !SKING s ! 3UITE !PARTMENT #OMPLEX in superb condition, continuously operates at a very high occupancy level that yields excellent revenues, immediate possession, an excellent buy at s ! &LAGGED &ULL 3ERVICE (OTEL, strategically well placed in a Premier location, completely up-graded, signiďŹ cant mortgage ďŹ nancing, very strong revenue performances; a good investment with a big up-side potential going forward. !SKING
s 5RBAN 2ESERVE ,AND with potential uses for highway commercial and residential in a town with tremendous growth potential going forward, very reasonably priced at s ,OCATED IN A VERY POPLAR 3KI 2ESORT A New Deluxe 2-Bedroom Condo Consisting of 2-bath rooms, ďŹ replace, cable among many other superb Features, plus the many amenities such as swimming pool, sauna, ďŹ tness Center, indoor parking to name a few within the Building Complex’ Immediate possession available, a great buy with cash to an existing mortgage of $330,900 more or less, at the !SKING 0RICE OF
GREAT BUSINESS OPPORTUNITY
Cedar Villa Motel, Foremost, Alberta
• ASP & zoning approvals near completion
Thomas Koh (CIR)
• Active adult community with clubhouse/activities center
Tomkoh999@gmail.com
Brent Schlenker 403-580-0222 www.brentschlenker.com
• Ready for development this spring
CAR WASH: Asking $2.95mil Sale $600,000 I hour from Edmonton
403-680-9827
CENTRAL ALBERTA CAMPGROUND OPPORTUNITIES
LAKEFRONT! 403-347-0744 LAKEFRONT BEAUTY ONLY 90 MINS FROM CALGARY
• Great price
Call for more information
Steve Seiler Alberta Independent Realty Airdrie, AB
$3,250,000 KACIKEWIN CAMPGROUND & CABINS Only 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.
403-818-9837 siles@shaw.ca
Chalet style cottage or year round home on a quiet cove. Absolutely loaded with upgrades and features. Walkout basement. Stunning views from all decks. Private Parklike yard with paved drive and mature landscaping. Excellent waterfront depth and dock system. Pine Lake is famous for its sandy bottom, excellent boating, watersports and ďŹ shing opportunities. One of a kind property guaranteed to impress. Only 90 mins from Calgary and 25 mins East of Red Deer. More info at www.pinelakeproperties. ca
$829,900
7 / \Ê /, Ê ,/ Ê " Ê " Ê* , -°Ê7 Ê 6 Ê 19 ,-ttt
DUSTY SMITH TEAM SUTTON LANDMARK REALTY / RED DEER, AB
{ä·Î{LJäÇ{{ĂŠUĂŠĂœĂœĂœÂ°`Ă•ĂƒĂŒĂžĂƒÂ“ÂˆĂŒÂ…ĂŒi>“°V>
BUSINESS & INVESTMENTS
s ! &LAGGED 2OOM &ULL 3ERVICE (OTEL well located in a prime commercial area a dynamic city, the stellar performance of its operation is attested to by its continuous outstanding growth in revenues, plus substantial up-side potential. !SKING s ! &LAGGED 2OOM ,IMITED 3ERVICE (OTEL, featuring indoor Swimming pool among its other amenities, very well located on a service road that gives it highway exposure, outstanding Revenue/occupancy performances. !SKING
dwilson.vsm@gmail.com
An excellent opportunity to purchase a very lucrative 13 room motel. 1053 sq ft attached house with 4 bedrooms and 2 bathrooms. Laundromat with 2 coin-operated washers & 2 coin-operated dryers. Offi ce area. Laundry room includes 2 new washers, 3 dryers. 20x15 storage shed & 10x10 garden shed. Price includes stock. $535,000 (MLSÂŽ 17537)
• 160 unit assisted living site
CURRENT OFFERINGS
RE/MAX real estate central alberta
We have funds available! We are looking for 1st or 2nd mortgage lending opportunities for: r 4JOHMF BOE NVMUJ GBNJMZ SFTJEFOUJBM EFWFMPQNFOUT r $PNNFSDJBM JOEVTUSJBM BOE SFUBJM EFWFMPQNFOUT r 3FĂąOBODJOH BDRVJTJUJPOT r $POTUSVDUJPO MBOE TFSWJDJOH r #SJEHF MPBOT r *ODPNF QSPEVDJOH QSPQFSUJFT CareVest has been providing its industry leading lending services since 1994. We provide integrated real estate services specializing in the investment, financing and syndication of real estate mortgaging throughout Western Canada and Ontario.
1-877-509-0115 www.carevest.com
MOTEL IN SUNDRE * Asking: $2.59M * SALES: $752,047 * NOI $366,681 * 25 UNITS * 15 VLT’S MOTEL IN ST. PAUL * Asking: $1.15M * Sales: 358,231 * NOI: 236,484 * 53 Units MOTEL IN MOSSLEIGH * Asking: $599,500 * Sales: $160,000 * 17 Units + 14 RV parking stalls GROCERY STORE IN OYEN * Asking: $1.29M * Sales: $2.6M * Living quaters included STRIP MALL IN CARSELAND * Asking: $2.2M * NOI: $140,400 * Building size: 12,600 sqft RETAIL BUILDING IN CALGARY * Asking: $669,500 * NOI: 35,800 LIQUOR STORE IN ELNORA * Asking: $249,000 * Sales: $400,000 * Living quarters included LAUNDROMAT + DRY CLEANING IN ROCKY MOUNTAIN HOUSE * Asking: $369,900 * Sales: $293,501 * NOI: $144,480 * 12 Washers, 13 Dryers * Size: 3,164 sqft * Rent: $4,176
ROCKY PARK CIR REALTY 403-681-7512 www.rockypark.ca
B12 Alberta
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
www.cwedm.com
CUSHMAN & WAKEFIELD EDMONTON 2300 Sunlife Building, 10123 - 99 Street, Edmonton, AB T5J 3H1
780-420-1177
investment@cwedm.com
MULTI-FAMILY OPPORTUNITIES s "ANK 3ALE RESIDENTIAL UNITS MAIN mOOR UNITS PARTIALLY COMPLETE 7ESTLOCK !" s UNITS CENTRAL LOCATION CONCRETE CONSTRUCTION NEW ROOF AND WINDOWS s UNITS IN BUILDINGS IN 7ETASKIWIN BDMS s (IGHRISE SITE IN 2UTHERFORD ACRES ZONED FOR UNITS IN DYNAMIC AREA s (IGH DENSITY DEV SITES APT OPPORTUNITIES IN 7ETASKIWIN s ,AC ,A "ICHE -OBILE (OME 0ARK PAD AND ACRE SITE s UNITS 1UEEN -ARY NEIGHBOURHOOD BDMS s UNITS -ORINVILLE MINUTES FROM 3T !LBERT BUILT Apartment product is in demand! Please call for our opinion of value of your building!
CHRISTOPHER KAMPHIUS or RAPHAEL YAU multifamily@cwedm.com
COMMERCIAL CONDOS
n SQ FT LOCATED AT INTERSECTION OF &ORT 2OAD 7AYNE 'RETZKY $RIVE 9ELLOWHEAD STARTING AT SQ FT
BURKE SMITH burke.smith@cwedm.com CONTACT
DEVELOPMENT OPPORTUNITIES +/- 19,701.20 SQ FT: Vacant serviced site in NE Edmonton. Zoned CB1 (Low Intensity Business Zone) ......................................... $395,000 +/- 0.947 ACRES: in Valemount, BC. Zoned C3 (Service Commercial) ................................ $49,500 +/- 1.05 ACRES: in Valemount, BC. Zoned HC (Highway Tourist Commercial) .............$455,000 +/- 3.84 ACRES: Fronting St.Albert Trail, Zoned IB (Industrial Business)........................ $3,500,000 +/-13,812 SQ FT: 8204 – 106 AVENUE ………. .......................................................$495,000 +/- 0.31 ACRES: high visibilty location on 111 Avenue .......................................................$610,000
JEFF MCCAMMON OR DOUG BAUER
CONTACT
INVESTMENT SALES SITE
QUESNEL, BRITISH COLUMBIA
PRIME WEST EDMONTON LAND – RA7 s 2EADY TO BUILD s ACRES s !SKING CONTACT JEFF McCAMMON / DOUG BAUER OR DUSTIN BATEYKO
WESTLOCK MALL, WESTLOCK, AB s ¢ SQ FT ON ACRES ANCHORED BY 0EAVEY -ART AND 4HE "ARGAIN 3HOP s SQ FT s !TTRACTIVE RETURNS
CONTACT DAVID COONEY / DOUG FOGG OR HOWARD McCANN
s !N IDEAL OPPORTUNITY FOR AN INVESTOR INTERESTED IN LONG TERM INCOME STABILITY AS #ENTRE IS LEASED TO .ATIONAL BRANDED TENANTS s 4ENANTS INCLUDE "OSTON 0IZZA )2)3 AND ! 7 s 3TABILIZED NET INCOME OF s 0RICE $2,950,000
CONTACT HOWARD McCANN / DOUG FOGG OR ADAM MARTINSON
OFFICE BUILDING FOR SALE s 7ELL LOCATED STOREY OFlCE BUILDING ON 3TREET s %XCELLENT OWNER USER OPPORTUNITY WITH DENTAL OFlCE BUILT OUT ON MAIN mOOR s 4OTAL OF SQ FT ABOVE GROUND s
CONTACT IAN NEWMAN
DUGGAN MALL, CAMROSE, AB s ¢ SQ FT SEPARATELY TITLED DEPT STORE ANCHORING A MAJOR ENCLOSED SHOPPING CENTRE ASKING -ILLION SQ FT
FORT MCMURRAY, AB s &ORMER &ORT 4HEATRE s SQ FT SITE WHICH INCLUDES A SQ FT BUILDING
CONTACT DOUG RAE
MERRITT, BRITISH COLUMBIA
MULHURST BAY CROSSING
s $EVELOPMENT ,AND s ACRES ON 0IGEON ,AKE s !REA 3TRUCTURE 0LAN APPROVED s DWELLING UNITS s SITE 2 6 SEASONAL PARK s ACRES COMMERCIAL DEVELOPMENT SITE
s ¢ SQ FT FREE STANDING BUILDING FOR 3ALE OR ,EASE s )NCLUDES BONUS PARKING LOT s ,EASE SQ FT 3ALE
INDUSTRIAL BUILDING FOR SALE
s SQ FT ON ACRES IN %DSON !" s !N OPPORTUNITY TO OWN A QUALITY SHOPPING CENTRE WHICH IS LEASED TO EXCELLENT TENANTS WITH CLEAR TITLE SUPERIOR CONSTRUCTION IN A TREMENDOUS HIGHWAY LOCATION
CONTACT murry.osborne@cwedm.com or scott.sowinski@cwedm.com
s BUILDING COMPLEX s &ULLY LEASED TO TENANTS s
CONTACT JEFF McCAMMON OR DOUG BAUER
SPRUCE GROVE, DEVELOPMENT LAND s !DJACENT TO 3UPERSTORE AND (OME $EPOT s 0ARCELS FROM ACRES s 'REAT OWNER USER LAND JOIN -ACgS CAR WASH
CONTACT DOUG FOGG OR MARK McCANN
4FMMJOH advertise@westerninvestor.com
604-669-8500 1-800-661-6988
EDSON LANDING - $3,950,000
CONTACT HOWARD MCCANN / DOUG FOGG OR ADAM MARTINSON
FORMER WAL-MART, MEDICINE HAT s (IGH PROlLE REDEVELOPMENT OPPORTUNITY s ACRES S F BUILDING s
G
N PENDI
CONTACT HOWARD OR MARK McCANN
Join hundreds of commercial real estate professionals and business people who use the Western Investor every month to market their properties, services and business opportunities. Targeted editorial and distribution pattern equate to results not found elsewhere. Check out our media kit on-line at westerninvestor.com for more information or call us at 604-669-8500. Advertising deadlines are mid-month for the next month’s issue.
Alberta B13
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
INDUSTRIAL LAND w/BUILDING FOR SALE
Asking $2,532,500 - Ponoka, Alberta
SOLD SOLD SOLD
11.55 acres, 8 individual lots with a 5000 sf unďŹ nished panelized structure on Lot #10 (Lot #10 - 15 are 6 contiguous lots; Lots 19 & 20 are 2 contiguous lots) Located at 49th Street and 60th Avenue in the north Industrial Park within the town limits. Site is provided with all municipal services, and a railway spur connection to the main CPR line between Calgary and Edmonton. Recent rail crossing was completed by town of Ponoka. Excellent manufacturing site or stage area for Oil Sands or other Northern Industrial projects. Lots are for sale individually or as a whole parcel. Owner may sell entire parcel within the Corporation with tax loss advantage to purchaser. MLS# C1019384, C1019385, C1019387, C1019388, C1019389, C1019390, C1019391 and C1019392
Mary Yuen-Sears, Realtor SUTTON GROUP - CANWEST #1, 555 Hawkwood Blvd NW, Calgary, AB T3G 3K2 #ELL s &AX %MAIL MARY CALGARYTAGTEAM COM s WWW CALGARYTAGTEAM COM
• 3000 sq ft character ofďŹ ce space - Victoria Park • 4000 sq ft Penthouse ofďŹ ce space - 17th Ave S.W. Calgary • SW Calgary neighbourhood – Deli $69,500 • RV Repair Business, Calgary - $500,000 • Neighbourhood Shopping Centre - $4.2M • Buyer Representation for Alberta Multi-Family Properties • Buyer Representation for Golf Course & Resort Development
Email: Commercial@prutp.com to Receive Our Current Alberta Apartment Report!
Commercial Funds Mortgage available InďŹ nity Mortgages and Loans Inc. specializes in Multi residential, commercial, industrial, retail, hospitality and development. We provide ďŹ nancing ranging from bridge loans to long term take out. Whether acquiring, reďŹ nancing or constructing, our experts have the experience to ďŹ nance your project. Canada wide and international service available.
WWW INlNITYMORTGAGES COM s WVIGNAL INlNITYMORTGAGES COM
403-770-0224
FOR SALE Westmount Village Phase 1 /KOTOKS !LBERTA 24,175 Sq. Ft. Shopping Centre
GREAT RETAIL SPACE FOR LEASE Centre 89, Calgary s 5P TO SF s 'OING HOME SIDE OF -ACLEOD 4RAIL Tim Anderson Tel: (403) 291-8866 tanderson@naicalgary.com timjn_anderson@yahoo.ca
HOTEL - FULL SERVICE SOUTHEASTERN ALBERTA s . / ) IN EXCESS OF s &ULL 3ERVICE )NCLUDING #ONFERENCE 7EDDING FACILITIES s 7ELL &LAGGED s ROOMS WITH ROOM AND PLANS FOR EXPANSION s 4WO LOUNGES s (IGH 6,4 COUNT s .ET 2ENTAL INCOME AS WELL s 0RICED TO 3ELL 5 MOTELS PRICED UNDER $700,000 s ,OCATED IN VARIOUS SOUTHERN !LBERTA TOWNS s 'REAT RETURNS FOR AN ON SITE OWNER OPERATOR s (AVE YOUR OWN BUSINESS FOR A LITTLE MORE THAN THE COST OF AN AVERAGE HOME IN #ALGARY Jim Balfour Tel: (403) 291-8860 jbalfour@naicalgary.com
Tim Anderson Tel: (403) 291-8866 tanderson@naicalgary.com timjn_anderson@yahoo.ca
Bus: (403) 240-4000 www.toolepeet.com
Shane Olin Tel: (403) 708-9086 solin@naicalgary.com
FOR SALE 602 - 12 Avenue SE Calgary, Alberta 7,000 Sq. Ft. Downtown Site
4110 - 79 Street NW Calgary, Alberta 10,250 Sq. Ft. Office Building
SHOWROOM/WAREHOUSE BAY FOR LEASE Bay D, 4301 - 9 Street SE, Calgary s SQ FT BUSINESS FOR SALE
4337 Macleod Trail S Calgary, Alberta 12,000 Sq. Ft. Shopping Centre
s )NCLUDES ,AND "UILDINGS %QUIPMENT s SQ FT -EAT *ERKY 0ROCESSING 0LANT s 0OTENTIAL FOR h4URNKEYv /PERATION s ,ONGVIEW !LBERTA MIN FROM #ALGARY s 6ENDOR WILL RESPOND TO ALL /FFERS s 02)#% Jim Courtney Tel: (403) 291-8873 jcourtney@naicalgary.com
Shane Olin Tel: (403) 708-9086 solin@naicalgary.com
Calgary Office ! 3TREET 3% #ALGARY !" 4 ( " s Phone: (403) 214-2344 FAX: (403) 214-0244 BUILT ON THE POWER OF OUR NETWORK. OVER 375 OFFICES WORDLWIDE.
B14 Alberta
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
ALBERTA IS AGAIN MOVING! MOTELS & HOTELS
≼FORESTBURG Pizza & Steak house. Restaurant seats 60, Loung 30, with 3 VLTs & 2 cash machines. ≼HARDISTY New 44 unit Motel. A very profitable operation. Full line of stainless ≼NAMPA,ALBERTA in busy boom town, 16 unit motel, steel equipment & recently upgraded fixtures. Living 100 seat lounge, VLTs, liquor store and restaurant. quarters as part of premises. ASK $565,000. PRICE REDUCED TO $990,000! ≼CAMROSEALBERTA 68 room, full services Hotel. ≼VIKING Viking Hotel, a renovated and up graded operation. 12 guest rooms, a managers suite, tavern, REDUCED - NOW $4.0M. & restaruant. Owner retiring. ASK $159,000. ≼CAMROSEEAS T 12 miles, 8.03 acres, 6660 sq. ft Commercial use oil service shop with a beautiful ≼ANDREW,AB Liquor store. 2064 sqft. Brick finished bldg. on main street. (Former ALCB) Financials 2600 sq ft. modern residence. A park-like yard. available to qualified buyers. ASKING $285,000. ASK $1.2M. ≼CAMROSE 4-Plex – reduced! Located in a quiet ≼DAYSLAND Bottle Depot – Building, all equipment, and shelving with additional 2 lots. Do a drive by. residential south west area. Individually titled. Fully Phone for details. leased. ASKING $429,000.
email:swancity@telusplanet.net www.swancityrealty.com
FOR MORE INFORMATION CALL OREST: 780-679-8353 FAX: 780-672-1897 CAMROSE, ALBERTA
FOR SALE BY OWNER Southwest Alberta r )XZ DPNN DPSOFS MPU IJHI WJTJCJMJUZ ˜ BD *EFBM GPS GSBODIJTF SFTUBVSBOU 4FSWJDFT BU QSPQFSUZ m 3FEVDFE $195,000
Commercial, Industrial & Residential Financing Obtaining Mortgages and Loans can be made Easy & Simple!
Contact: Frank Hickey
P (403) 290-1990 F (403) 269-1853 frank@concordmortgage.ca
r 6OJU .)1 m TFMG TVĂŽDJFOU 0XOFS BCTFOU 8FMM FTUBCMJTIFE "QQSPY OFU SFUVSO 3FEVDFE $235,000
$BMM Ray @ 403-627-8084
ALBERTA'S INTERNATIONAL REGION 131 Acres, Zoned Light Industrial 2 Industrial Buildings All located in the International Area
Call ZDENKATURNER 1 - 877 - 98 6 - 4 7 1 1 PEACE RIVER, ALBERTA FOR SALE: COMMERCIAL BUILDING
54 Acres 2-72 Acre Parcels 148 Acres 157 Acres HUGE DEVELOPMENT POTENTIAL, close to EDMONTON International Airport, NISKU Business Park and LEDUC'S expansive growth to the west
HAIDA REALTY
Call WAYNE SCHNICK 1-877-986-4711
,iĂŒ>ˆÂ?ĂŠ >˜`ĂŠEĂŠ Ă•ÂˆÂ?`ˆ˜}ĂŠ ÂœĂ€ĂŠ->Â?i , , ]ĂŠ ,/
" / " 9 -"
Presently leased - some Vacancies available. 37,000 sq. ft. on 2.99 acres. Includes commercial Kitchen, banquet room plus smaller ofďŹ ces. Many upgrades and renovations. Downtown location - plenty of parking.
Offered for $2,500,000 NORTHERN ALBERTA FULL SERVICE HOTEL FOR SALE
Ă“ÂŁÂŁĂŠ >ĂƒĂŒĂŠ >ÂŽiĂŠ Ă€iĂƒViÂ˜ĂŒĂŠ ĂŠEĂŠĂˆĂ¤xĂŠ >ĂƒĂŒĂŠ >ÂŽiĂŠ ÂœĂ•Â?iĂ›>Ă€`ĂŠ U iĂŒĂŠ,iÂ˜ĂŒ>LÂ?iĂŠ Ă€i>\ĂŠÂŁĂˆ]xĂ¤Ă¤ĂŠĂƒÂľÂ°ĂŠvĂŒÂ°ĂŠ ĂŠ U >˜`ĂŠ Ă€i>\Ê£°™ÓÊ VĂ€iĂƒ UĂŠ*>Ă€ÂŽÂˆÂ˜}\ÊÓäÊ-Ă•Ă€v>ViĂŠ-ĂŒ>Â?Â?ĂƒĂŠĂœĂ‰*>Ă›i`ĂŠ9>Ă€`ĂŠU<œ˜ˆ˜}\ĂŠ ‡Ó UĂŠ ˆ}Â…Â?ĂžĂŠĂ›ÂˆĂƒÂˆLÂ?iĂŠ>˜`ĂŠ`iĂƒÂˆĂ€i`ĂŠÂ?ÂœV>ĂŒÂˆÂœÂ˜ĂŠĂœÂˆĂŒÂ…ĂŠĂŒĂ€>vwĂŠVĂŠĂŠVÂœĂ•Â˜ĂŒĂƒĂŠÂœvĂŠÂœĂ›iÀÊ£Ó]äääÊÛi…ˆVÂ?iĂƒĂŠÂŤiÀÊ `>ÞÊÂ6* ÂŽĂŠ>Â?œ˜}ĂŠ >ĂƒĂŒĂŠ >ÂŽiĂŠ ÂœĂ•Â?iĂ›>Ă€`ĂŠ>˜`ĂŠn]äääÊ6* ĂŠ>Â?œ˜}ĂŠ >ĂƒĂŒĂŠ >ÂŽiĂŠ Ă€iĂƒViÂ˜ĂŒÂ°
81 rooms and suites - on 12.5 acres. Highway frontage - lots of parking. 76 seat coffee shop, 135 seat dining room, 80 seat pub, 160 seat Sports Bar with VLT’s. 2 homes for staff housing.
Offered for $16,000,000 For Further Information and Details, Call RE/MAX GRANDE PRAIRIE
Thiry Kelemen 780-831-8804 thiry@telus.net
LENDER DIRECT FOR MB, SK & AB PROPERTIES RESIDENTIAL & COMMERCIAL
CALL 1 866 405 1228
YOUR ADVANTAGE IN ALBERTA SHOPPING PLAZA, HOTEL IN BIG CITY s !SKING s 2%6 - Hotel: $1,110,695; Rental: $513,253; Others: $669,734 s OVERSIZED ROOMS PLUS TENANTS AND OTHER BIG REV INCOME SOURCE s ,OCATED IN BIG CITY DOWNTOWN CORE WITH ACRES OF LAND AND SQ FT BUILDING
r 6OJU .PUFM CESN IPNF MH TIPQ DPVSUZBSE .PEFSO SPPNT /FYU UP 8BUFSUPO 1BSL -PUT PG QPUFOUJBM GPS MBSHFS JODPNF "CTFOUFF PXOFS TP NPUFM DMPTFE NPTU PG UIF XJOUFS "QQSPY OFU JODPNF m NPT #VTJOFTT 3FEVDFE UP TFMM $575,000 ĂąOBODJOH BWBJMBCMF
109 Acres of Potential Light Industrial
EQUITY LOANS
UĂŠ >Â˜ĂŠLiĂŠi>ĂƒÂˆÂ?ÞÊÀi‡`iĂ›iÂ?ÂœÂŤi`ĂŠĂŒÂœĂŠÂˆÂ˜VÂ?Ă•`iʓÕÂ?ĂŒÂˆÂ‡v>“ˆÂ?ÞÊ>˜`Ă‰ÂœĂ€ĂŠVœ““iĂ€Vˆ>Â?ĂŠÂ“ÂˆĂ?i`Â‡Ă•Ăƒi° UĂŠ >Â˜ĂžĂŠĂ›>Â?Ă•iĂŠ>``i`ĂŠ>“iÂ˜ÂˆĂŒÂˆiĂƒĂŠÂˆÂ˜ĂŠĂŒÂ…iĂŠÂˆÂ“Â“i`ˆ>ĂŒiĂŠ>Ă€i>ĂŠÂˆÂ˜VÂ?Ă•`ˆ˜}ĂŠĂ€iĂƒĂŒ>Ă•Ă€>Â˜ĂŒĂƒ]ĂŠÂ…ÂœĂŒiÂ?Ăƒ]ĂŠ ĂƒÂ…ÂœÂŤÂŤÂˆÂ˜}]ĂŠwĂŠĂŒÂ˜iĂƒĂƒ]ĂŠÂŤ>Ă€ÂŽĂƒ]ĂŠ>˜`ʓÕÂ?ĂŒÂˆÂ‡v>“ˆÂ?Þ°Ê UĂŠ"˜Â?ĂžĂŠÂœvviĂ€ÂˆÂ˜}ĂŠÂœvĂŠÂˆĂŒĂƒĂŠÂŽÂˆÂ˜`ĂŠÂˆÂ˜ĂŠĂŒÂ…iĂŠÂˆÂ“Â“i`ˆ>ĂŒiĂŠ>Ă€i>ĂŠ>˜`ĂŠÂˆĂŒĂƒĂŠĂƒÂˆĂŒĂ•>ĂŒi`ĂŠÂˆÂ˜ĂŠ>ĂŠĂ›iĂ€ĂžĂŠÂŤÂœÂŤĂ•Â?>ÀÊ >Ă€i>ĂŠÂ?Ă•ĂƒĂŒĂŠÂœvvĂŠĂŒÂ…iĂŠ+ °
ĂƒÂŽÂˆÂ˜}ĂŠ*Ă€ÂˆVi\ĂŠ >Â?Â?ĂŠ }iÂ˜ĂŒĂŠ ÂœĂ€ĂŠ iĂŒ>ˆÂ?Ăƒ
Tyler R. Shannon Vice President, Investment, Associate Direct Tel: 403 508 6471 Mobile: 403 681 1555 tyler.shannon@dtzbarnicke.com
1410, 715 Fifth Avenue SW Calgary, Alberta, T2P 2X6 /iÂ?\ĂŠ{äÎÊxänĂŠÂŁĂ“ÂŁxĂŠUĂŠ >Ă?\ĂŠ{äÎÊxänĂŠĂ“ĂˆĂ‡xĂŠĂŠĂŠUĂŠĂŠĂŠĂœĂœĂœÂ°`ĂŒĂ˘L>Ă€Â˜ÂˆVÂŽi°Vœ“
MONEY MAKING FRANCHISE MOTEL s !SKING - s 2%6 s YRS OLD VERY BUSY LOCATION s ,IMITED 3ERVICE 2OOMS LOCATED IN VERY BUSY CITY LIMITED SERVICE FRANCHISE MOTEL s !SKING - s YEARS OLD STOREY ROOMS s 3WIMMING 0OOL W WATER SLIDE s 3ITUATED WITH EXCELLENT EXPOSURE IN BIG CITY !" LIMITED SERVICE MOTEL s !SKING - s 2OOMS "UILT LIMITED SERVICE FRANCHISE MOTEL s !SKING - s 6ERY STEADY REVENUE s 2OOMS WITH SWIMMING POOL WATERSLIDE s ,OCATED IN BIG CITY IN !LBERTA LIMITED SERVICE MOTEL s !SKING - s 2OOMS "UILT !PRIL MOTEL IN B.C. s !SKING - s 2%6 s 2OOMS W ,EASED 2ESTAURANT ,OUNGE s 7ATERSLIDE 3AUNA 0OOL s ,OCATED 4RANS #ANADA HIGHWAY WITH AMAZING VIEW s 5NDER RENOVATION FOR &RANCHISE mAG FRANCHISE MOTEL IN SOUTHERN ALBERTA s !SKING - s 2%6 s 2EV IS VERY STEADY PAST FEW YEARS DURING RECESSION s ROOMS WITH CLIENT BASE FROM 0ROVINCIAL &EDERAL EMPLOYEES TOURISTS AND OIL GAS AGRICULTURE MOTEL WITH RESTAURANT IN SK s !SKING - s 2OOMS s 2%6 2OOMS 2%34!52!.4 s 'REAT LOCATION IN THE CORE OF THE OIL INDUSTRY FULL SERVICE HOTEL NEAR CALGARY s !SKING - s 2%6%.5% - s ROOM VLT SEAT RESTAURANT AND SEAT OF BAR MOTEL WITH RESTAURANT s !SKING s 2%6 s 2OOMS 6,4 GAS BAR IN SK s !SKING M s 2%6%.5% M WELL MATAINED GAS BAR LOCATED VERY BUSY OIL INDUSTRY GAS BAR / CAR WASH s !SKING - s 2%6 s 'REAT FACILITY YEARS OLD LOCATED IN BIG !" CITY s %XTRA ACRE OF LAND VALUED AT OVER - GAS BAR, C-STORE AND A&W s !SKING s 2%6 'AS "AR # 3TORE ! 7 s . / ) CAR WASH NEAR CALGARY s !SKING - s 2%6 s BAY AND AUTO s 9EAR GAS BAR IN SK s !SKING - 2%6%.5% - s 7ELL MATAINED GAS BAR LOCATED VERY BUSY OIL INDUSTRY SHOPPING MALL s !SKING - s . / ) s TENANTS
MAXWELL
3/54( 34!2 2%!,49 s www.leechoonho.com FRANCIS LEE, Associate Broker )# ) &ULL #OMMERCIAL -EMBER s -ANAGER "USINESS )NVESTMENT $IV
For More Details
Tel: 403-680-6130
Email: francisleemaxwell@gmail.com #20, 8180 Macleod Tr. South, Calgary
Alberta B15
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
WHEN LOCAL EXPERTISE MATTERS
INVESTMENT OPPORTUNITIES FROM
BARCLAY STREET REAL ESTATE
NEW LISTING
FOR SALE
NEW LISTING
FOR SALE
FOR SALE OWNER USER OFFICE BUILDING
OWNER USER OFFICE BUILDING
2002, 2008, 2012 and 2016 34TH Ave SW
429 11TH STREET NW
224 15TH AVENUE SW
Calgary, Alberta
Calgary, Alberta
Calgary, Alberta
COMMERCIAL DEV. SITE IN MARDA LOOP
19 Street SW
Site size: 23,000 sq. ft. Land use: DC2D2012 (C-COR1 guidelines), FAR 2, 4 storeys / 16.5 metres
34 Avenue SW
For more information or to view, please contact:
A Class office improvements. Owner user turnkey office opportunity. Income generating residential suites on the second floor. Close to LRT and numerous amenities in Kensington area.
Proximity to 17th Avenue SW, one of Calgary’s most unique and vibrant shopping and commercial districts, provides convenient access to various amenities including cafés, restaurants, shops and fashion boutiques. For more information or to view, please contact:
For more information or to view, please contact:
RYAN SWELIN rswelin@barclaystreet.com
DAN HARMSEN dharmsen@barclaystreet.com
JEFF ROBSON
RYAN SWELIN
RYAN SWELIN
jrobson@barclaystreet.com
rswelin@barclaystreet.com
rswelin@barclaystreet.com
p: 403-290-0178 f: 403-262-1314
p: 403-290-0178 f: 403-262-1314
p: 403-290-0178 f: 403-262-1314
PRICE REDUCED
FOR SALE FOR SALE
FOR SALE
OWNER USER OFFICE BUILDING
INDUSTRIAL FACILITY
DEVELOPMENT SITE IN INGLEWOOD
35,381 SQ. FT.
505 21ST AVENUE SW
1402-1404 9 AVE SE, 1412-1418 9 AVE SE
4043 Brandon Street SE, Calgary
Calgary, Alberta
Calgary, Alberta
3,459 sq. ft. of character office premises located on a prominent 6,000 sq. ft. site. The property is located in Calgary’s vibrant 4th Street SW Residential/ Commercial District - Cliff Bungalow.
Prime development site in desirable community of Inglewood. Site size – 32,495 square feet. Existing holding income.
For more information or to view, please contact:
For more information or to view, please contact:
DAN HARMSEN
DAN HARMSEN
dharmsen@barclaystreet.com
dharmsen@barclaystreet.com
s #OOLING STORAGE refrigerated processing area (140 ton) s 7ASTE WATER TREATMENT on-site s $IRECT INTERIOR CONNECTION TO 6ERSA#OLD storage facility s &ENCED PARKING s 02)#% For more information or to view, please contact:
RYAN SWELIN
RYAN SWELIN
rswelin@barclaystreet.com
rswelin@barclaystreet.com
galbright@barclaystreet.com
p: 403-290-0178 f: 403-262-1314
p: 403-290-0178 f: 403-262-1314
p: 403-290-0178 f: 403-262-1314
COMMERCIAL REAL ESTATE
SOLUTIONS
GREG ALBRIGHT
Office, Retail, Industrial
Land, Investment
SALES AND LEASING
SALES
Property Management
CALGARY OFFICE Suite 200, 407 – 8th Avenue SW Calgary, AB T2P 1E5 p: 403 290 0178 f: 403 262 1314 EDMONTON OFFICE 202, 2520 Ellwood Drive Edmonton, AB T6X 0A9 p: 780 463 3332
WWW.BARCLAYSTREET.COM
B16 Alberta/Recreational Real Estate LIFESTYLE PROPERTIES
MARCH 2012 WESTERN INVESTOR
RECREATION FEATURE B.C. oceanfront and ski hill developers opt for low-cost rustic over “McMansions�
5ISPXCBDL QSJDFT FRANK O’BRIEN WESTERN INVESTOR wo separate B.C. resorts – one in the Rocky Mountains and one on the Pacific Ocean – are representative of what some see as a new wave in recreation: few frills and low prices with location as the draw.
“It is throwback to when regular people bought recreational property they will actually use and can afford,� said Becky Julseth, marketing manager of Three Point Properties, which is developing the Wild West Coast Cottages near Port Renfrew on the western edge of Vancouver Island. Julseth is comparing her rustic cottages with the plush resorts that once dominated the recreation scene but went very quiet after the 2008 downturn. In fact, the B.C. resort landscape remains littered with failed high-end properties and owners who probably wished they had bought a tent instead. Three Point first drew headlines two years ago when it launched the first phase of Wild West with oceanfront cottages from $129,000. The latest phase of 40 cottages has “a double wow factor,� Julseth said. “These cottages are right above high bank waterfront, all with spectacular ocean views,� she said. The custom pre-fab cottages, built on Vancouver Island and trucked to the site, are larger, fancier and the prices are higher. In a nod to modernity, the cottages come with granite countertops and stainless-steel appliances and there is even an optional upgrade to a fancy fold-away Italian furniture package.
Photos: Three Point Properties
5
Wild West Cottages on the west coast of Vancouver Island is offering detached oceanfront homes from $259,000: trend today is swinging toward more affordable recreational property with a rustic ambience: but buyers can still expect granite countertops.
But with 600 square feet of two-bedroom finished space and a big view deck starting at $259,900, Three Point could be tapping into a growing mid-level market of aging boomers looking for affordable recreation they can own outright, rather than as a fractional or lease arrangement. Buyers are primarily coming from Greater Victoria, the Lower Mainland and Alberta, Julseth said. Meanwhile, Red Mountain Resort in the East Kootenay Rockies has relaunched Elevate, a collection of ski-in cottages that are priced below what most resort condos once sold for. The first phase of Elevate offers 18 one-, two- and three-bedroom detached cottages from 602 square feet to 1,094 square feet selling from $299,000 to $399,000. Howard Katkov, a real estate lawyer, developer and U.S. cosmetics magnate who bought Red Mountain Resort eight years ago, believes
APARTMENT OPPORTUNITIES 6 SUITES, NORTH - $670,0
small is the new big. “The McMansion era of ski-resort development is dead – it’s over,� Katkov said just before last month’s launch of Elevate. The cottages are expected to welcome the first owners before the 2012-13 ski season. Some analysts say the search for more affordable B.C. resort properties is partly due to bargain-priced U.S. real estate, but is also influenced by mortgage restrictions on second property. And the fear of losing money. According to Vancouver real estate consultant Ozzie Jurock, sales and prices in prime B.C. recreational regions are down significantly from the peak, while months of inventory – how long it takes to sell a luxury property – remain in double digits. “We are still waiting for the recreational recovery,� Jurock told a Land Rush conference last month.◆
Pam Gill
gillp@sutton.com
www.apartmentsinedmonton.com
L
andcor Data of New Westminster, which has a massive database of every real estate property in B.C. including the most remote recreational land, has named Darin Nielsen as its new vice-president. Nielsen comes from a 12-year career as Microsoft’s director for worldwide sales, marketing and services. He was also one of the original developers of the Landcor real estate marketing program. Nielsen is expected to boot data mining to a new level, according toRudy Nielsen, president of Landcor. This includes the addition of incorporating demographic and lifestyle data into Landcor’s traditional sales analysis, he said.
INVESTMENT OPPORTUNITIES TRUMPETER POINTE VANCOUVER ISLAND, BC
COUNTY OF RED DEER, ABCAMPBELL RIVER, BC
00 9 SUITES, DOWNTOWN - $855,0 00 12 SUITES, CONCRETE, WEST END - $1,272,000 12 SUITES, DOWNTOWN - $925,0 00 15 SUITES, SOUTHSIDE - $2,325 ,000 15 SUITES, WEST END - $1,500 ,000 30 SUITES – WEST END - $ 2,5 65,000
(780) 455-4088
-BOEDPS OBNFT OFX 71
UĂŠĂŠ7>ĂŒiĂ€vĂ€ÂœÂ˜ĂŒĂŠÂŤĂ€ÂœÂŤiĂ€ĂŒĂžĂŠ>˜`ĂŠÂ?>ÂŽiĂŠ Ă›ÂˆiĂœĂŠ`iĂ›iÂ?ÂœÂŤi`ĂŠĂ€iĂƒÂˆ`iÂ˜ĂŒÂˆ>Â?ĂŠ LĂ•ÂˆÂ?`ˆ˜}ĂŠÂ?ÂœĂŒsĂŠvÂœĂ€ĂŠ->Â?i
UĂŠ Ă?iVĂ•ĂŒÂˆĂ›iĂŠVÂœĂ•Â˜ĂŒĂ€ĂžĂŠÂ?ÂˆĂ›ÂˆÂ˜} UĂŠ{xĂ¤Ă¤ĂŠĂƒÂľÂ°vĂŒÂ°ĂŠ{ĂŠLi`Ă€ÂœÂœÂ“Ăƒ UĂŠLĂ•Â˜}>Â?ÂœĂœĂŠĂœÂˆĂŒÂ…ĂŠĂŽĂ“ĂŠ>VĂ€iĂƒ UĂŠĂƒĂ•L`ÂˆĂ›ÂˆĂƒÂˆÂœÂ˜ĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â?
JERRY RACZKOWSKI 780-932-2121
UÊΰ£{ĂŠ>VĂ€iĂƒ UÊΙÇÊviiĂŒĂŠÂœvĂŠ7>ĂŒiÀÊ Ă€ÂœÂ˜ĂŒĂŠ UĂŠ<œ˜i`ĂŠ œ““iĂ€Vˆ>Â?ĂŠ ÂœĂ•Ă€ĂŠÂ Â‡{ÂŽĂŠ UĂŠĂ›ÂˆiĂœĂƒĂŠÂœvĂŠ iÂœĂ€}ˆ>ĂŠ-ĂŒĂ€>ˆ}Â…ĂŒ
e-mail: jrcoach@telus.net
RE/MAX Real Estate Commercial Division
Sutton Central Commercial - AN INDEPENDENT MEMBER BROKER
YOUR RETREAT IN THE BEAUTIFUL
&YDMVTJWF .PVOUBJO -PEHF 'PS 4BMF
Comox Valley
Priced to sell at $835,000! LNT 4 PG $BONPSF "# HVFTUT GVMM TFSWJDF BXBSE XJOOJOH .
$POUBDU XJMU[FO!HNBJM DPN
westerninvestor.com news archives reports updates
Country Estate with a beautifully crafted spacious 4000 sq.ft.log home on 3.6 of an acre. Priced to sell at $739,900
!
For more information go to: MLS # 323950 at www.realtor.ca or contact Brett Hall at 250 465 0060. Comox Valley
Subscribe 1-800-661-6988
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com sss
Recreational Real Estate LIFESTYLE PROPERTIES B17
s
“The Source” for Oceanfront, Lakefront, Islands, Ranches, Resorts & Land in BC at:
www.landquest.com LandQuest Realty Corp SmithersÊqÊ i ÃÊ Ài LandQuest Realty Corp CourtenayÊqÊ ÕÀÌÊ i Ãi
NASCALL HOT SPRINGS DEAN CHANNEL CENTRAL COAST, BC
UÊ Üià iÊ{{xÊ>VÀiÃÊ ÊÎÊÌ Ì ià UÊ ÌÊëÀ }ÊL>Ì Ê ÕÃi]ÊÓÊL`À Ê ÕÃi UÊ iÜÊ « iÝ]Ê Ü iÀ½ÃÊV>L UÊ £ÎääÊvÌÊ > ` }ÊÃÌÀ «]Êv >Ì }ÊÀiÃÌ>ÕÀ> Ì UÊ £ääÊvÌÊ` V ]Ê`ii«ÊÜ>ÌiÀÊv ÀÊ >À}iÊL >Ìà UÊ Õ}iÊ Þ`À Ê« ÜiÀÊ}i iÀ>Ì Ê« Ìi Ì > UÊ "7Ê" 9 $1,650,000ÊÊ
LandQuest Realty Corp NanaimoÊqÊ i> Ê Õ `Þ LandQuest Realty Corp Cariboo – >ÀÃ Ê ÀÜ>À`
PORT BROWNING MARINA SOUTHERN GULF ISLANDS, BC
UÊ >LÕ ÕÃÊ ÀÌ Ê*i `iÀÊ Ã > `Ê V>Ì UÊ * «Õ >ÀÊ >À >ÊÀià ÀÌ UÊ ,iÃÌ>ÕÀ> Ì]Ê«ÕL]ÊLiiÀÊEÊÜ iÊÃÌ Ài UÊ > « }Êv>V Ì iÃ]Ê« Ê}ÕiÃÌÊV ÌÌ>}ià UÊ ÓäÊviiÌÊ Vi> vÀ Ì UÊ Àià ÀiÊ i>ÃiÊEÊÎ]äääÊvÌÊ vÊÜ >Àv UÊ f4,800,000Ê
BIG BAR GUEST RANCH SOUTH CARIBOO - BY CLINTON, BC
Èä{ ÈÈ{ ÇÈÎäÊUÊ£ nÈÈ xxn ÊxÓÈή THE NEW 108 RESORT CARIBOO REGION OF BC
UÊ >Ãà VÊ Ê}ÕiÃÌÊÀ> V UÊ£ä£Ê>VÀiÃÊ`ii`i` UÊ/ÕÀ iÞÊÀ> V UÊ VV `>ÌiÃÊxäÊ}ÕiÃÌà UÊ££ÊL`À Ê}ÕiÃÌÊ ÕÃi]Ê ÃÌ À VÊ `}i UÊxÊ }ÊV>L Ã]ÊL>À ]ÊV ÀÀ> ÃÊEÊV> «}À Õ ` UÊ $949,900 Ê
UÊx{nÊ>VÀiÃÊ Ê£nÊ iÊ} v]ÊÌi Ã]Ê ÀÃiÃ]Ê v à }]ÊL }]Ê }ÊiÌV° UÊ{ÓÊÜi >«« Ìi`Ê}ÕiÃÌÊÀ ÃÊ UÊ }Êv ÀÊ ÛiÃÌ ÀÊÉÊ*>ÀÌ iÀÃÊ UÊ Ài>ÌÊ`iÛi « i ÌÊ «« ÀÌÕ Ì ià UÊ/ «Ê ÛiÃÌ i ÌÊv ÀÊ>Ê ÜÊ*À Vi UÊ $3,990,900
PONDOSY BAY WILDERNESS FISHING RESORT
UÊ "«iÀ>Ì }ÊÕ `iÀÊ>Ê*>À Ê1ÃiÊ*iÀ ÌÊ UÊ xÊV>L ÃÊEÊà «ÊLÕ ÌÊvÀ Ê«À v i`Ê }ÃÊ UÊ -Ì> `Ê> iÊ ÌV i ÉV>ÀiÌ> iÀÊÀið]Ê ÕÌL `}ÃÊ UÊ *>À Ê1ÃiÊ*iÀ ÌÊÀiÃÌÀ VÌ Ã®Ê V Õ`iÃÊ À `Ê`>ÞÃÊ Ê ÕÌÃÕ Ê Ê£ää®]Ê ÕÃV ÜÊ °£ää®Ê> `Ê* ` ÃÞÊ °xä®Ê/ÕÀ Ê iÞÊ «iÀ>Ì °ÊÊÊU $495,000
2ICH /SBORNE 0ERSONAL 2EAL %STATE #ORPORATION
2ICH /SBORNE 0ERSONAL 2EAL %STATE #ORPORATION
+ONRAD - 3CHMID -EIL KONRAD LANDQUEST COM
+ONRAD - 3CHMID -EIL KONRAD LANDQUEST COM
$ENIS $ORE DENIS LANDQUEST COM
COMM./ INDUSTRIAL BLDG TOPLEY, NORTHERN BC
ACRES OF OPPORTUNITY FRASER VALLEY
SNAKING RIVER RANCH - 356 AC. CHILCOTIN CATTLE COUNTRY
BC’S SHUSWAP LAKE 1.23 ACRE VIEW LOT
26 ACRES - EASTERN HILLSIDES DEV. PROPERTY - CHILLIWACK
UÊ iVi>Ãi`Ê"Ü iÀÊ Ê ÃÌ>ÌiÊ> Ý ÕÃÊÌ ÊÃi Ê UÊ -/Ê 19Ê Ê/ Ê-1 6 - " UÊ*iÀviVÌÊÀiÌ Ài i ÌÊ iÊ>Ài> UÊ `ÊLÕ ` }Êà Ìi°Ê ÜÃÊ iʳÊV ÌÌ>}i UÊ ÊÌ iÊvÀ> iÊÌ ÊÃÌ>ÀÌÊV ÃÌÀÕVÌ UÊ7>ÌiÀ]Ê Þ`À Ê>ÌÊ ÌÊ i UÊ, 1 Ê/" $77,900
UÊ- «i`Ê«À «iÀÌÞÊÜÉÊV >Ãà VÊ Õ Ì> Ê iÊ Ê LÕ ÌÊÌ ÊÌ> iÊ>`Û> Ì>}iÊ vÊ V>Ì ÊEÊÛ iÜÃ°Ê UÊ V>Ìi`Ê>L ÛiÊÌ iÊ > ÃÊ vÊ ÕÀÃiÊÊ UÊÓÊL`À ]ÊÎÊL>Ì ]ÊÎ]äää³ÊõÊvÌÊvi>ÌÕÀiÃÊ Êv ÀÊÌ ÊVi }ÊÜ ` ÜÃÊ ÊÌ iÊ «i Ê Û }É ` }ÊÀ °ÊÊ >À}iÊ`iÌ>V i`ÊÜ À Êà «ÊÜÉÊ iÝÌÀ>Ê i } ÌÊ` À°ÊÊUÊ $875,000
UÊ££n°xä½Ýnä½ÊL `}ÊÜÉÊ vv ViÉà ÜÀ ÉÜ>à À Ê UÊ£]äääÊ- ÊÃÌ À>}i]ÊÎ]äääÊ- Ê£n½ÊVi }Êà «Ê UÊÓÊL>ÞÃ]ÊÎÊ ÛiÀ i>`Ê` ÀÃ°Ê À iÀÊÃiÀÛ ViÊ ÃÌ>Ì Êà Ìi°Ê À iÀÊ vÊ } Ü>ÞÊ£È UÊ/> ÃÊÀi Ûi`]Êà ÊÌiÃÌi`Ê Õ ÞÊÓää °ÊÊ ,i« ÀÌÊ>Û> >L iÊÊ UÊ*À «iÀÌÞÊ >ÃÊÜi ÊEÊÃi«Ì VÊÃÞÃÌi °ÊUÊÊ $199,000
UÊ i>ÕÌ vÕ Ê >ÀÀ Ã Ê ÃÊ UÊ iÛi Ê«À `ÕVÌ ÛiÊv>À Ê > `Ê UÊ `i> Êv ÀÊ>ÊÛ>À iÌÞÊ vÊVÀ «ÃÊ UÊ ÃiÊÌ Ê >À iÌÃÊ UÊ,iVÀi>Ì Ê i>ÀLÞÊ UÊ >À Ê}>ÌiÊ« Ìi Ì > Ê UÊ£{Ê VÀiÃ\Ê $699KÊÊUÊ{{Ê VÀiÃ\Ê$1.295M
UÊ `Ê >ÞÊ«À `ÕVÌ UÊÎ]ÎääÊ ÎÊ Ýi`ÊÌ LiÀ UÊ- > ÊV>L Ê Ê ÌÃÊ vÊÀi }i ÊÌ LiÀ UÊ- > }Ê, ÛiÀÊ i> `iÀÃÊÌ ÀÕÊ«À «iÀÌÞ UÊ À`iÀÃÊ > Ê } Ü>ÞÊ UÊ ÌÊ ÊÌ iÊ ,ÊrÊ-ÕL ` Û `>L i UÊ, 1 Ê/" $265,000
$ENIS $ORE DENIS LANDQUEST COM
$OUG OR 2ICH DOUG LANDQUEST COM
"RIAN (ARRIS BRIAN LANDQUEST COM
"RIAN (ARRIS BRIAN LANDQUEST COM
+EN (UNTER KEN LANDQUEST COM
GREEN LAKE WATERFRONT
24.5 ACRE NELSON DEVELOPMENT PROPERTY
16 AC. WATERFRONT ESTATE WEST ARM OF KOOTENAY LAKE
NORWOOD RANCH COURTENAY, BC
NOVA SCOTIA WINERY/VINEYARD ANNAPOLIS VALLEY
UÊÓÊ>VÀiÊ Ì UÊÓ{ä½Ê vÊ«À iÊà ÕÌ Êv>V }ÊÜ>ÌiÀvÀ Ì UÊ-> `ÞÊ ÜÊL> ÊÜ>ÌiÀvÀ ÌÊ UÊÎÊLi`À ÃÊ> `ÊÎÊL>Ì À à UÊ,iVi Ì ÞÊV « iÌi`ÊÀi Û>Ì UÊ $599,000
UÊ£äÊ ÕÌiÃÊ ÕÌÊ vÊÌ Ü Ê Ê ÀÌ Êà Ài UÊ ÝÌi Ã Ê vÊiÝ ÃÌ }Ê`iÛi « i ÌÊÃiÀÛ Vià UÊ Ài>Ê vÊiÝiVÕÌ ÛiÊ ià UÊ Vi«ÌÊ« > Ê>Û> >L i UÊ, £Êâ }Ê> ÜÃÊv ÀÊ > ÞÊ« Ãà L Ì ià UÊ $599,000
UÊ ÓäÊ ÕÌiÃÊvÀ Ê i Ã Ê Ê ÀÌ Ê- Ài UÊxÊL`À ]ÊÓÊL>Ì Ê > Ê i UÊÎÊL`À Ê}ÕiÃÌÊ ÕÃiÊEÊ ÕÌLÕ ` }à UÊÓÈxÊvÌ°ÊLi>V ÊEÊL >Ì ÕÃi UÊ, ÓÊâ }Ê iÛi Ê«À «iÀÌÞÊÜ Ì ÊVÀii UÊ Ài>ÌÊv> ÞÊ ÀÊ}À Õ«Ê ÛiÃÌ i Ì UÊ $2.1M
UÊ£äÊ ÕÌiÃÊvÀ Ê` Ü Ì Ü Ê ÕÀÌi >ÞÊ UÊÈ{°ÓÇÊ>VÀiÃÊqÊ ÃÌ ÞÊ Ê«>ÃÌÕÀiÊ UÊ ÀÃiÊL >À` }ÊqÊÓxÊÃÌ> ÃÊ UÊ-iÛiÀ> ÊÀi Ì> ÊÕ ÌÃÊ UÊ*>À ÊEÊ/Ã Õ Ê, ÛiÀÊ>VÀ ÃÃÊÌ iÊÃÌÀiiÌÊ UÊ Õ}iÊL>À Ê> `ÊÀ `i Ê>Ài >Ê UÊ i}i `>ÀÞʺ >À Ê > Viû $995,000
UÊ V>Ìi`Ê Ê i>ÀÊ, ÛiÀÊqÊ££Ê>VÀiÊ UÊÇÊ>VÀiÊÛ iÞ>À`ʳÊ{Ê>VÀiÊÜ ` > `Ê UÊ{ää½ÊÀ ÛiÀvÀ ÌÊÜ Ì ÊV ÌÌ>}iÊ UÊ £ää¯ÊiÃÌ>ÌiÊ}À Ü Ê> `ÊL ÌÌ i`Ê Ê -°Ê UÊ L i`ÊÜ iÀÞÊ> `ÊÀià `i ViÊ UÊ Ý ÃÌ }ÊV>«>V ÌÞÊv ÀÊiÝ«> Ã Ê UÊ, 1 ÊÌ Ê $949,000
#ARSON $ORWARD CARSON LANDQUEST COM
,ARRY ,AING LARRY LANDQUEST COM
,ARRY ,AING LARRY LANDQUEST COM
+URT .IELSEN KURT LANDQUEST COM
+URT .IELSEN KURT LANDQUEST COM
ULTIMATE RECREATIONAL PROPERTY - FERNIE, BC
RIVERSIDE RANCHLAND FERNIE, BC
1939 HERITAGE BOUTIQUE HOTEL POWELL RIVER, BC - REDUCED
SELF-SUSTAINING OCEANFRONT HOMESTEAD SECHELT INLET, BC
COZY CABIN BELLA COOLA, BC
UÊ9i>ÀÊ, Õ `Ê Õ \Ê- ]Ê Ã ]Ê >Þ> Ê UÊ ÜÊ,i`ÕVi`Ê"ÛiÀÊf£ää]äää UÊ£]äääÊvÌÊ vÊvÀ Ì>}iÊ Ê Ê, ÛiÀ UÊ ÀÌ Ê iÀ V>½ÃÊLiÃÌÊv Þ v à }ÊÀ ÛiÀ UÊ" ÞÊ ÃÊÌ Ê iÀ iÊ « iÊ,ià ÀÌ UÊ-ÌÕ }Êx³Ê>VÀiÊ«À «iÀÌÞ UÊ $299,000 -ATT #AMERON MATT LANDQUEST COM
590 ACRES RURAL LAND QUESNEL, BC
UÊ Àii Ê i>` ÜÃ]Êv ÀiÃÌi`Ê>Ài>ÃÊ UÊ } ÊVi ÌÀ> ÊLÕ ` }Êà ÌiÊ ÛiÀ }ÊÌ iÊ i Ì ÀiÊ>VÀi>}i UÊ- ÜÊ Û }Ê Õ ÌÊ Àii Êv ÜÃÊÌ À Õ} Ê Ì iÊ«À «iÀÌÞÊ UÊ ÀÃÌÀ «Ê V>Ìi`ÊÜ Ì UÊ À>âiÊÞ ÕÀÊ ÛiÃÌ V ÊÊUÊÊÊ $269,500 2ON 3VISDAHL RON LANDQUEST COM 4/,, &2%%
UÊ,i`ÕVi`ÊLÞÊf{ää]äää UÊ£{Ê ÊÜiÃÌÊ vÊ iÀ iÊ « iÊ,ià ÀÌ UÊ£ääÊ>VÀiÃÊqÊÈxÊ>VÀiÃÊV i>Ài`Ê UÊ ÝVi i ÌÊ >ÞÊVÀ «Ê UÊ i>ÕÌ vÕ ÊÛ iÜÃÊ Ê> Ê` ÀiVÌ Ã UÊ, ÛiÀÊvÀ Ì>}iÊ Ê Ê, ÛiÀ UÊ $899,000 -ATT #AMERON MATT LANDQUEST COM
HISTORIC MAYNE ISLAND FARM SOUTHERN GULF ISLANDS
UÊÓäÊ V°ÊiÝiVÕÌ ÛiÊiÃÌ>ÌiÊ Ê >Þ iÊ Ã > `Ê UÊ >ÃÌiÀvÕ ÞÊ`ià } i`ÊÈ]äääÊõÊvÌÊ i UÊ*>ÃÌ À> ÊÃiÌÌ }ÊÜ Ì ÊvÀià Ü>ÌiÀÊëÀ }à UÊ£xÊ>VÀiÊ«>ÃÌÕÀi]Ê ÀV >À`ÊEÊÓÊ« `à UÊ i Vi`Ê À}> VÊÛi}iÌ>L iÊ}>À`i UÊ >À}iÊL>À ]ÊÜ À à «ÊEÊà i`° UÊ $1,850,000 $AVE #OCHLAN DAVE LANDQUEST COM
UÊ£ Î Ê iÀ Ì>}iÊ ÕÌ µÕiÊ Ìi Ê UÊ ÊÀ Ã]Ê ii«iÀÃÊÀià `i Vi]ÊÀiÃÌ>ÕÀ> ÌÊ UÊ V>Ìi`Ê Ê ÞÊ`ià } >Ìi`Ê >Ì > Ê iÀ Ì>}iÊ ÃÌÀ VÌÊ Ê7iÃÌiÀ Ê > >`> UÊ*iÀviVÌÊ viÃÌÞ iÊ «« ÀÌÕ ÌÞÊ Ê iÊ vÊ ½ÃÊ v iÃÌÊV Õ Ì ià UÊ Ü $475,000
UÊÓ£°ÇÊ VÀiÊ À } > Ê iÃÌi>`ÊvÀ Ê£ Óä½ÃÊ UÊÇääÊvÌÊ vÊ}i Ì iÊ ÜÊL> ÊvÀ Ì>}iÊ UÊ > ÞÊ i]Ê}ÕiÃÌÊV ÌÌ>}iÊEÊ` V Ê UÊ9i>ÀÊÀ Õ `ÊVÀii ÊÜÉÊ VÀ Þ`À Ê« Ìi Ì > Ê UÊ"ÀV >À`ʳʣä]äääÊõÊvÌÊ}>À`i Ê UÊ+Õ V Ê£°xÊ ÀÊV ÕÌiÊÌ Ê6> V ÕÛiÀ UÊ $829,000
*ASON :ROBACK *AMIE :ROBACK
*ASON :ROBACK *AMIE :ROBACK
2ON 3VISDAHL RON LANDQUEST COM 4/,, &2%%
COUNTRY INN CHILCOTIN REGION OF BC
VALEMOUNT 57 AC. 205 LOT POTENTIAL SUBDIVISION
PICTURESQUE DEVELOPMENT ACREAGE - PRINCETON, BC
UÊ i>ÕÌ vÕ ÞÊ > Ì> i`ÊV Õ ÌÀÞÊ UÊ£Ó°nÊ VÀiÃÊÜ Ì Ê}Ài>ÌÊÀ >`Ê>VViÃà UÊ"«iÀ>Ì ÀÃʵÕ>ÀÌiÀà UÊÓ `Ê iÊ ÊÌ iÊ«À «iÀÌÞ UÊ,6Ê Õ«Ã UÊ Þ`À ]Ê« i]Ê >ÌÕÀ> ÊëÀ }ÊÜ>ÌiÀ UÊ " 9Ê$489,000 $AVE #OCHLAN DAVE LANDQUEST COM
UÊ ÕÀÌÊ À`iÀi`ÊÃ> iÊÊ UÊÊÎxÊ ÌÃÊ>««À Ûi`Êv ÀÊ i` >ÌiÊ `iÛi « i ÌÊ UÊxÇÊÃÕL ` Û `>L iÊ>V°Ê ÊV >À }Ê Ì ÊÌ Ü Ê UÊ Õ V «> ÊÜ>ÌiÀÉÃiÜiÀÊ>ÌÊ ÌÊ iÊ UÊ" ÞÊ>Ê£Ê ÀÊ`À ÛiÊvÀ Ê >ëiÀ]Ê Ê UÊ $695,000Ê 3AM (ODSON SAM LANDQUEST COM
UÊ,ià `i ViÊ ÀÊ6>V>Ì ÊÀiÌÀi>Ì UÊ Õ ÌÊ ÊÓääÈÊÜ Ì Ê ÃÌ À V> Ê UÊ£Ó½Ê8ʣȽÊ7 À à «Ê UÊ£x ÓäÊ ÕÌiÃÊvÀ Ê i >Ê >Ê >À > UÊf£ ] xäÊ«iÀà > Ê«À «iÀÌÞÊ V Õ`i`Ê ÊÃ> i UÊf£x ]xääÊ >À}> Ê ÕÞ UÊ `` Ì > Ê"«Ì Ê ÊÓ{½Ê viÌ iÀnxäÊ ÕÀî
UÊ£ÓäÊ>VÀiÃÊ vÊà ÕÌ Êv>V }Ê > `Ê UÊnÊ ÕÌiÃÊÌ Ê*À ViÌ UÊ i>ÕÌ vÕ Ê«>À iÊÃ> VÌÕ>ÀÞÊv ÀÊ`iiÀÊEÊi Ê UÊ-«iVÌ>VÕ >ÀÊÛ iÜÃÊ` Ü ÊÛ> iÞ UÊ ÃÌ ÞÊ ÕÌà `iÊÌ iÊ ,Ê ÊÃÕL ` Û `>L iÊ Ì Ê iÊ{äÊ>VÀiÊ«>ÀVi Ê> `Êv ÕÀÊÓäÊ>VÀiÊ«>ÀVi à UÊ $599,000 3AM (ODSON SAM LANDQUEST COM
B18 Alberta
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
Commercial Property for Sale
SHOPPING Jasper M otorcycle CENTRES, TOURS STRIP MALLS, business opportunity in the heart HOTELS & MOTELS Excellent of the Alberta Rockies. Motorcycle tours, AVAILABLE IN ALBERTA!
Call Sammy
rentals, & accessories retailing in one solid package. Located in a prime downtown location. Tour business has tremendous growth potential and is Jasper’s highest rated tour on Trip Advisor. Call for details.
EMPIRE REAL ESTATE GROUP
780-906-6652
Esso Gas Station – C-Store and Car Wash. Excellent location along highway. Business and property for sale. $4MM. Esso Gas Station – 6 Bay Wand Wash and C-Store. Located in Edmonton. Excellent cash flow. Business only $400k + Inventory. Property available. Spruce Grove - Highway Property. – This is a lease buy back. Long-term lease available. Tenant in place. Asking $320,000. Boutique Hotel in B.C. – 22 rooms comes with liquor store, pub, banquet room, lottery, restaurant, etc. Sales over $2.8MM and net income of $600k. Asking $4.5MM Commercial Building – 3.9 acres. ATV Dealership. 2 buildings consisting of 24,000 sf and 12,000 sf steel building. Sales of $6MM. Asking $4MM for business and property.
Rich Potter
1-888-774-5696 rpotter@royallepage.ca
SUMMITVIEW REALTY
jey@ajscapital.com
s #OMMERCIAL )NDUSTRIAL $EVELOPMENT /PPORTUNITIES s 3INGLE &AMILY (OMES .EW !PARTMENTS 2EQUIRED s MINUTES TO %DMONTON AND -INUTES TO 2ED $EER For Details Contact: RONALD HOLLAND (780) 361-4404 Toll Free: 1-800-989-6899 Edm Dir: (780) 421-0953 rholland@wetaskiwin.ca
COMMERCIAL (RE/MAX Excellence)
17718 - 64th Ave Edmonton, AB T5T 4J5 (780) 429 - 1200 1(866) 481 - 2950
AJS Capital Inc.
780-469-4769
s 2ETAIL (OTEL $EVELOPMENT /PPORTUNITIES s 3+90/24 AT 7ETASKIWIN !IRPORT 3ITES !VAILABLE s LOYAL SHOPPERS IN IMMEDIATE TRADING AREA
City of Wetaskiwin Economic Development P.O. Box 6210 Wetaskiwin, Alberta T9A 2E9 www.wetaskiwin.ca
Edmonton’s Business & Investment Specialists
NISKU MULTI TENANT BUILDING
13 UNITS MULTI FAMILY BUILDING
61000 SF WHSE/OFFICE - PENDING
SOLD!
Located in Eastwood - $1.3M
14135 128 Av. Priced to sell!
BUSINESS ONLY zIndian Restaurant - Prime location in Edmonton - SOLD
CALL AYAZ OR SAM AT 780.641.1320 zDollar Store - In operation since 1999. Riverbend Sq. - $125,000
CALL MIKI O’REE AT 780.200.6454 zN Edm Coffee Franchise - Business Only - $215,000 zBottle Depot Businesses - 4 Locations in AB. Call For Info BOTTLE DEPOT BUYING & ORIENTATION - BOOK NOW! ***CERTAIN CONDITIONS APPLY***
zAuto Wash w/Land & Bldgs - Prime location in NE Edm - $3.5M
zSelf Storage Facility - 177 Units + 100 RV on 3.88 ac. - $2.1M
CALL MIKI O’REE AT 780.200.6454 z118 Avenue Strip Mall - Court Ordered Sale. - $1.525M
CALL GREG STEELE AT 780.945.7800 zGas Station, Grocery/Convenience & Liquor Store - Over $2M in sales.Land, Bldg and Business Included - $1.3M
CALL NEIL HORVATH 780.908.5630 zFormer CIBC Building - 3100 SF. Street Front Retail. - $599,000
CALL RAJAN NULLIAH AT 780.441.5419
CALL RAJAN NULLIAH 780.441.5419
MULTI-FAMILY
INVESTMENT
z5 Units - Belgravia - Call For Info and Pricing z9 Units - South Edmonton - $110,000/Door z15 Units - Glenwood - $100,000/Door z18 Units - Two building package. Strathcona - $130,000/Door
zCentre 16 - Spruce Grove Retail Building - $1.6M zGeneral Store w/Property - Outside Edm. Over $1M revenue. 2000 SF bldg on 0.345 acres. Excellent opportunity! - $595,000
CALL AYAZ OR SAM AT 780.641.1320 zLeduc Commercial Condos - Two commercial condos. Zoned C-3. Prime location in Leduc. $1.025M
CALL DEAN DRYSDALE AT 780.953.4585
CALL MIKI O’REE AT 780.200.6454
LAND z Nisku Commercial Land - 2 Lots Left!. Zoned CS - $400K/Acre
CALL AYAZ OR SAM AT 780.641.1320
w w w.RemaxComm.ca
Alberta B19
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
"MCFSUB
Calgary office space tightens
T
he fourth quarter of 2011 capped off a record year for absorption in the Calgary downtown office market, according to Colliers International. About 630,000 square feet of new space was absorbed in the fourth quarter alone, Colliers says, bringing yearly absorption to 2,837,000 dmonton’s multi-family housing market square feet, and dropping the overall vacancy rate from 11.97 per cent to 4.49 per cent in should enjoy a banner year in 2012, one year. according to real estate giant Avison Absorption in 2011 was about 39 per cent Young. higher than the previous record year of 2005. “Expected downward pressure on vacancy The owners of Eighth Avenue Place rates is forecast to push up rental rates across announced late in the year that they planned the region as workers from other parts of to construct a 40-storey west tower on the the country continue to migrate to Alberta,” Avison Young said in its 2012 forecast for the development that would add 841,000 square Alberta capital. “Well-positioned product will feet for initial occupancy in summer of 2014. A key influence for the Calgary market is continue to draw strong interest from both energy prices, and high crude oil prices are local and national investors.” The average price per door increased about stoking the oilpatch’s demand for space in office towers and industrial shops. $860 in 2011 over 2010. The per-apartment The city’s largest office project, The Bow, price is now around $111,300 per door, which is still about $8,400 behind the peak in 2007. will open in 2012 to house Cenovus Energy The number of units per transaction jumped and EnCana staff, but even that won’t boost vacancy rates dow ntown beyond about 6 per from 29.4 in 2009 to 32 in 2011, signalling cent, according to Colliers. a greater interest from larger institutional Edmonton’s vacancy rate declined in the investors in Edmonton’s offerings. The overall greater Edmonton multi-family fourth quarter of 2011 to 10.74 per cent from 11.26 per cent, according to Colliers. vacancy rate fell 0.9 per cent in 2011 to 3.3 per cent, but was up in some markets, notably Strathcona County, which includes Sherwood Park. New product helped boost the vacancy rate in that district by 3.7 per cent to 4.7 per cent. The average cost per acre for multi-family land in Edmonton hit $832,088 in 2011, with anadian University College is seeking the corresponding figure in the suburbs hitprivate investors after a large land and ting $559,856, according to Avison Young. housing deal with the City of Lacombe fell The increase in multi-family land sales in through. the final quarter of 2011 means that a market City council for the central Alberta comin need of new purpose-built rental units munity of 12,500 voted early in the new year could soon welcome additional supply. to terminate an agreement with the college “With vacancy expected to decrease and that would have seen the town participate in new rental supply coming on line, the ingrebuilding on 15 acres of college land. dients for a more active market where owners The project originally envisioned up to 300 can obtain full value for their properties are acres of development on what was known coming into place,” said Paul Chaput, princi- as the Legacy Pointe Residential Housing pal for Avison Young in Edmonton. Development Initiative (REHDI).
Edmonton landlords eye banner year
E
College looks for land developer
C
4FDPOE PJMTBOET DJUZ SFBEJFT GPS UBLF PGG
A
lberta’s Number 2 oilsands community is expecting a busier 2012 – especially for landlords. That’s because Imperial Oil has finally given the go-ahead to its long-awaited Nabiye oilsands expansion project northwest of Cold Lake, which is situated roughly 300 kilometres northeast of Edmonton. Nabiye will access 280 million barrels of reserves, and boost daily production at Imperial’s Cold Lake operation by about 40,000 barrels per day (about 2.5 per cent of the province’s total oilsands output) by the end of 2014. Imperial’s existing project is the largest nonA CF-18 guards a new Cold mining oilsands extraction facility in the province. While oilsands expansion projects affect nearby com- Lake boom. munities to differing degrees, Nabiye stands to influence Cold Lake even more than most projects would because it will be built without the use of on-site accommodation. That means hotels will be full, restaurants will be busier and rental accommodation will be more scarce come the fall. Cold Lake Mayor Craig Copeland says his community is more prepared for this expansion than it was for previous Imperial projects, but that accommodation will be stretched. “It’s the rental market in Cold Lake that will get really tight,” said Copeland, noting that this will pose significant challenges for lower-paid workers in some other industries and for renters on the bottom end of the Department of National Defence pay scales at CFB Cold Lake. Copeland says some significant hotel expansions and upgrades will help when work kicks off in September, but he doesn’t expect there will be any significant multi-family housing projects completed in the community before work on Nabiye starts. That means investors with rental capacity in the city of 14,000 are now sitting in a good position to cash in on the next boom. Housing prices have increased from about $305,000 to $325,000 for a single-family home in the past year. Meanwhile, reworking of Highway 28 to improve traffic capacity between the north and south ends of the amalgamated community should be complete this summer. A new deal approved last year will also give the oilsands community about $11 million more in provincial tax revenue in 2012 to deal with what had been a ballooning infrastructure deficit – one that had caused Cold Lake to muse about shutting down new development because of lack of resources to deal with it. “The province was aware we just couldn’t do it any more,” Copeland said, reflecting on Ed Stelmach government’s decision last year to divert tax revenue from the Cold Lake Air Weapons Range to help the city. Photo: City of Cold Lake
8)"5¤4 )"11&/*/( */
The college is now seeking potential private partners for a housing development on its lands. The REHDI project was aimed at assisting first-time homebuyers who are finding market prices unaffordable in the Red Deer suburb. “I fully understand the concerns some have about the REHDI project and appreciate why
city council took this action,” college president Mark Haynal said. “Canadian University College will begin working with other developers to develop the land in a manner that benefits both our institution and people who want to build or buy a home in Lacombe.”◆ – Compiled by Dave Husdal
Break Out of the Box Land...red tape…business costs…they can have any transportation & logistics business feeling boxed in. Get your business freedom back 30 minutes south of Edmonton, where red tape is a bad word, there’s affordable land to spread out on, business costs are competitive, a nose to the grindstone workforce has your back thick or thin, and there’s easy access to major rail, road, and air linkages. Home Hardware chose us as its distribution hub for western Canada; Santa Claus considered us.
City and County of Wetaskiwin, Town of Millet
Call 780.361.6231 or visit WWW.JEDIALBERTA.COM
B20 Alberta
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
FORT MCMURRAY – FOR SALE OR LEASE NEW INDUSTRIAL SPACE AVAILABLE – 2012
"
$05.,)( .$&( 8 !42((4 '/10410 " !
!!!
" ! ,*+6$7 #$22(0 "+1/$3 (21'21/( !42$4+&10$ 15047 .%(24$ c -! 2#" ', 2&# * #02 ,"3120' * # 02* ," c ?= $##2 9BB $##2 .0#L#,%',##0#" 12##* !-,1203!2'-, c := $--2 !*# 0 !#'*',% &#'%&2 c '012 0 2# !-,1203!2'-, 2&0-3%&-32 3'*"',% c ,LÉ— --0 &# 2',%I = *'%&2',%I ?= $--2 'L$-*" "--0 c #!30# . 0)',%
s TO SQ FT ON !CRES s ,OTS OF PARKING AND YARD SPACE
Call .JLF (FPSHF or #JMM 4DIPFNBLFS
(0 #,..,$/310 -(0 6,..,$/310 &1..,(23 &1/
(2006) LTD.
www.property-solutions.ca
=::73@A $/1/C:/G %71=::A !<1
!-:A8521 $8-/1 E &@>11@ 09;:@;: ' &
EEE 1=::73@A 1=;
113:3@/B7<5 AC113AA
$#"# '#*" "'%
(" '& 09;:@;: -3AB 3<2 :=1/B7=< =<3 0:=19 /E/G 4@=; />>@=D32 #(* @=CB3 B6@33 032@==; AC7B3A
(" '& 09;:@;: %=@B6 :=1/B7=< <3E ', E7<2=EA BE= 032@==;A C>A723 =< @3<BA
(" '&
(" '&
09;:@;: *E= 0C7:27<5A <3E @==4 /<2 A727<5 C>5@/232 AC7B3A 0/:1=<73A C>A723 =< @3<B -3AB;=C<B /@3/
;:0;: #" )B=@3G 1=<1@3B3 6756 @7A3 1=<2= ?C/:7BG AB@/B/ B7B:32
(" '&
CCC 109;:@;:-<->@91:@.A5805:3? /-
09;:@;: 3<B@/::G :=1/B32 1:=A3 B= % !* #(* @=CB3 <3E @==4 0=7:3@ /<2 E7<2=EA 4C::G @3<=D/B32 BC@<93G >@=831B
95@ >;B1>
-:05< 1;8
09;:@;: % !* :=1/B7=< BC@<93G >@=831B C>A723 D7/ #(* 3F>/<A7=<
% -95@ 3>;B1> /;8851>? /;9
#%! % & " ( " #(' &' #(&
(" '&
%
6-:05< 01;8 /;8851>? /;9
$;:;7- /1@3A 756E/G 3F>=AC@3
" * % "'% 09;:@;: :/@53 @3A723<B7/: AC7B3A 1=;;3@71/: C<7BA
" (&'% #'& #% & "5?7A ) $ -:0? C::G A3@D7132 /1@3A C> >3@ /1@3
1F >;.9-:
%
61F 3>;.9-: /;8851>? /;9
( " &@>11@ &@;:D $8-5: A4 6756 ?C/:7BG D/1/<B -83->D '>-58 09;:@;: A4 4@33AB/<27<5 @3B/7: >/2 =>3< A6=E@==; 0C7:27<5 %3B 7<1=;3 G3/@ '@3D7=CA:G =11C>732 0G ) % '@713 '@713 $#"# ( + ( " &'% ' $#"# A4 4@33AB/<27<5 0C7:27<5 AB@=<5 =D3</<B *3</<B D3@/53 (3<B/: 7<1=;3 '@713
-?1D !/ 8188-:0
!->7 &C-1:1<;18
% /-?1D 9//8188-:0 /;8851>? /;9
& ( "
B1:A1 $;:;7- A4 4C::G :3/A32 @3B/7: 1=;>:3F *63 /@5/7< )6=> $3271/: :7<71 '6/@;/1G .3/@ ! !<1=;3 '@713
" * % % ' &'% $ ! 09;:@;: 0C7:27<5A B=B/::7<5 ) A=CB6 2;=<B=< <>5:/5<81? ;:8D %&! '@713 *3</<BA 7<1:C23 )B/@0C19A *3:CA 3::
) #$! "' & ' & "1-> 09;:@;: @3/ AB@C1BC@3 >:/< 7< >:/13 >/@B7/::G A3@D7132 /<2 <3FB B= 0C7:B =CB @3A723<B7/: 23D3:=>;3<B
&@1B1: $1->?;:
% 9->7 ?C-1:1<1;8 /;8851>? /;9
) % # !#'#% ""
;>@ &-?7-@/41C-: #7;7B32 A3@D713 @==;A 0C7:B 03BE33< B= A97<5
1-B1>8;031 *E= 6=B3:A @==;A @3D3<C3 =4 ;7: A97<5
%
?@1B1: <1->?;: /;8851>? /;9
% <1>>D 31>18A7 /;8851>? /;9
#'
09;:@;: C:: A3@D713 6=B3: @==;A #3/A32 A97<5
c c
/1@3A 4=@ 7;;327/B3 23D3:=>;3<B A=CB6E3AB =4 2A=< )B@/B3571/::G :=1/B32 ;72E/G 03BE33< 2;=<B=< /<2 "/A>3@ >>@=D32 @3/ )B@C1BC@3 ':/< /<2 H=<7<5 7< >:/13 4=@ 23D3:=>;3<B =4 / ;/8=@ @3A=@B 1=;;C<7BG E7B6 / ;/F7;C; 23<A7BG =4 C<7BA FB3<A7D3 >@3 3<57<33@7<5 /<2 2C3 27:753<13 1=;>:3B32 ':/<A 7< >:/13 4=@ / >@3;73@3 6=:3 5=:4 1=C@A3 @3A723<B7/: 1=;;C<7BG (, @3A=@B /<2 3?C7<3 4/17:7BG FB3<A7D3 ;/@93B7<5 /<2 A/:3A 1/;>/75< /:@3/2G C<23@E/G '@713
;:>-0 -:351> %
/;:>-0 8-:351> /;8851>? /;9
%5/7 >3A1 % >5/7 ->3A1 /;8851>? /;9
;>@ !/!A>>-D ) :/<2 E7B6 ) 0C7:27<5 F13::3<B @323D3:=>;3<B #/<2 /:74=@<7/ :C0 7<5=
& % '
;>@ !/!A>>-D #=1/B32 =< EG 1:=A3 B= B63 >:/<<32 /7@>=@B B3@;7</:
#! " &##" ;>@ !/!A>>-D (< @; ?=2@ ;2 :0A?@>5-8 1B18;<91:@ C7:2 B= AC7B 4@=; A?C/@3 433B /<2 C> :=A3 B= /7@>=@B
;>@ !/!A>>-D =@ A/:3 -7B6 =@ E7B6=CB 0CA7<3AA ((& !# ) #$! "'& D/7:/0:3 7;;327/B3:G F13::3<B ;>@ !/!A>>-D 3F>=AC@3 7< / <3E3@ 0C7:27<5 0/GA A=:2 =@ :3/A32 =<:G 0/GA @3;/7< #'& * ' " ( " & ;>@ !/!A>>-D
! ! " % $/1#3<</< @3A13<B ;>@ !/!A>>-D /> @/B3 ) 7<2CAB@7/: 0C7:27<5 $/1#3<</< @3A13<B /1@3A 4C::G :3/A32 %&! E ) A6=> @7A7<5 B= 7<
" (&'% ,& #% & #% &
(3/2G C5CAB =11C>/<1G */75/ %=D/ 1= !<2CAB@7/: '/@9
" (&'% ,& ;>@ !/!A>>-D ) 4=@ A/:3 =@ :3/A3 0/GA A=:2 /D/7:/0:3
!# % 71: ?41.5. /;8851>? /;9
B1:A1 09;:@;:
* ' % $ %
) % , # '#*" & #$$ " "'%
&( ) #
09;:@;:
/1@3A =4 :/<2 A6=D3: @3/2G 4=@ @=E 6=CA7<5 C<7BA '@713
!#"' ) #$! "' "
&( ) # ) @3B/7: 13<B@3 =< /1@3A :3/A32 E7B6 / .3/@ %&! =4 <16=@32 0G )=03GA !<1 5@=13@G AB=@3 E7B6 AC>3@7=@ 3F>=AC@3 /:=<5 D3<C3 /<2 / 2/7:G /D3@/53 B@/4471 1=C<B =4 D3671:3A
&( ) # "+ ! ! # #!)*!%
&'#" * ' % % " EEE AB=<3E/B3@@/<16 1=; .3::=E63/2 =C<BG 9; A A=CB6E3AB =4 2A=<
c c
& ) "(
% & # " (&'% "
" * !#"'
c c c
;>@ !/!A>>-D (3/2G 4=@ ) =44713 ) 7<2CAB@7/: A6=>
&' %& "" &( ' &
;>@ &-?7-@/41C-: ;>@ !/!A>>-D *C@<93G =>>=@BC<7BG #7;7B32 A3@D713 3D3:=>;3<B =>>=@BC<7BG /28/13<B @==; $=23@< /;3<7B7B3A A97<5 B= <3E B3@;7</: 0C7:27<5 /A9 4=@ ( '
$1>>D 1>18A7
% & "
1: &41.5. !
$ % ) "( ""
%$#%' #'
!->7 &C-1:1<;18 % 9->7 ?C-1:1<;18 /;8851>? /;9
CBC@3 6756E/G 1=;;3@17/: /<2 @3A723<B7/: 23D3:=>;3<B :/<2 7< :03@B/ A !<2CAB@7/: 3/@B:/<2 @=<B/53 =< 756E/G )B@33B 1@3A '@713 >3@ /1@3
!%#& %#"' " &( ) #
/1@3A )75<7471/<B 5@/D3: 23>=A7B 1C071 ;3B3@A =4 >@=D3< /55@35/B3 @3A3@D3A '@713
!->7 &C-1:1<;18
% 9->7 ?C-1:1<;18 /;8851>? /;9
&# % % " /1@3A =4 >@7;3 4CBC@3 @3A723<B7/: :/<2 97:=;3B@3A =4 @7D3@ 4@=<B/53 (313<B:G /<<3F32 7<B= (32 33@ 7BG #7;7BA #7AB '@713 >3@ /1@3
%5/7 >3A1
% >5/7 ->3A1 /;8851>? /;9
B21
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
REGIONAL ROUNDUP Fort McMurray now has the land to meet demand as oil flow prepares to double
0JMQBUDI QPXFS DAVE HUSDAL WESTERN INVESTOR
Photo: Fort McMurray Today
Still, as president of Pacific Investments and Development Ltd., Doherty is hopeful his company could be bringing badly needed commercial and industrial land to the hot Fort McMurray market before the end of this year. “Our goal is to get in and get out as quickly as possible, and to make it affordable for everybody within the area,” Doherty said, expanding on Pac Dev’s plans for what’s known as Prairie Creek Business Park. The real estate play project is seen as the near-term solution for the ongoing shortage of industrial and commercial land in the world’s oilsands capital. Prairie Creek will include about 700 developable acres on the east side of Highway 63, roughly nine kilometres south of the heart of Fort Mac. Doherty says the company foresees buildout within three to 10 years on Prairie Creek. It’s a project made possible, in part, by the provincial government, which agreed in early 2011 to sell Pac Dev roughly 980 acres of Crown land for a cool $35 million. The parcel, covered in a layer of muskeg a metre or more thick, might not seem like the perfect place to build, but beggars can’t be choosers in an energy boomtown. The province actually listed the land for $28 million in late 2010 ($30,000 an acre), but it fetched more when Pac Dev decided to jump in. Now it seems what was heralded by Infrastructure Minister Ray Danyluk as the government “responding to a critical need in the community” 18 months ago may actually yield some fruit – as in lots for everything from big-box stores to welding shops and trucking and logistics firms.
Photo: Regional Municipality of Wood Buffalo
%
ennis Doherty admits the scenario is perhaps optimistic and aggressive.
Doherty says Pac Dev has started clearing the first 220 to 250 acres of the site, and expects to move through the landuse clarification process this spring after agreeing to a conditional outline plan for the land with the Regional Municipality of Wood Buffalo late in 2011. Ultimately, Pac Dev would like to see serviced lots available as early as the fourth quarter of 2012, Doherty says, though he knows that will be a tall order, particularly because of the desire to make the Prairie Creek project more than just a badly needed industrial park. “This is the new gateway coming into Fort McMurray and we want to make it beautiful and nice as people drive into the community,” explained the Pac Dev president. Challenges for the developer and the municipality include everything from developing a new sewage collection system – the land can’t be easily tied into the city’s existing network and treatment system – to dealing with the muskeg layer. The latter issue is an area-wide one, Doherty acknowledges.
Doherty says Pac Dev and Wood Buffalo have already made considerably more progress toward readying the land for development than might be seen in a city like Calgary in a much longer time span. While that may be true, things tend to be demanded more quickly in the north than elsewhere, and that’s definitely the case in Fort Mac, where firms are hungry for shop space – even with serviced industrial land tagged at well over $1 million per acre. A quick glance at Fort McMurray listings yields industrial properties priced at $1.45 million per acre, including 25 acres near the bustling airport. If you’re looking for a comparison, land near the Calgary airport – Canada’s fourth busiest – sold for a little more than half that amount per acre in 2010, according toColliers International.
'BTU BDUJPO
Doherty’s hope that Pac Dev can bring land to
TOP: Dennis Doherty, president of Pacific Investments and Development Ltd.: new 700-acre industrial park will start selling lots this year on raw land (LEFT) that the company bought for $35 million. Serviced industrial land in Fort McMurray is selling for more than $1.2 million an acre.
the market sooner rather than later is shared by fellow developer Bryan Lutes, a man who wears two hats as president of both Wood Buffalo Housing and Development Corp. (WBHDC) and the Wood Buffalo Urban Development Institute, which represents the interests of the local development community. “In Fort McMurray, the pace is probably three times as fast as anywhere else I’ve been,” Lutes explained. And with good reason. “There’s very little product on the market today.” As of early February, WBHDC had only one lot left in its TaigaNova business park, which is located north of the heart of the city as Highway 63 heads toward major oilsands projects. That lot, a highway commercial one, offers 2.89 acres for a healthy bid of $5.9 million. Lutes says his company would have little trouble selling more industrial lots under the TaigaNova pricing scheme if it still had them
Please see Infrastructure page B22
"MCFSUB PUBS
NORTHERN ALBERTA INVESTMENT/BUSINESS OPPORTUNITY UÊÊ,iÃÌ>ÕÀ> ÌÉ Õ }iÉ}>ÃÊL>ÀÉV Ûi i ÌÊ ÃÌ ÀiÊv ÀÊÃ> iÊ Ê ÀÌ iÀ Ê LiÀÌ> UÊÊ iÃÌi>`iÀÊ Õ ` }Ê-Õ«« ÞÊ-Ì ÀiÊv ÀÊ Ã> iÊ Ê > }]Ê UÊÊ iÀV > Ê ÌÃÊ ÀÊ-> iÊ Ê > }]Ê
Waterfront Pub & Detached Liquor Store Land, buildings and business Prince Rupert, BC $2,500,000
Looking for Investor's to purchase 4-plexes in the Peace Country
BC’s fastest growing super port city
For Further Information contact:
For Lower Mainland Pub Opportunities call:
Evelyn Petkus
JOHN JOHNSON
780-836-3086 or 780-836-6478
Tel: 604-319-2504 Fax: 604-463-5287
EMAIL: Petkus@telus.net ROYAL LEPAGE, CASEY REALTY LTD. PEACE RIVER, AB
PRUDENTIAL STERLING REALTY LTD.
www.manningrealestate.ca
EDMONTON & AREA
Looking for a quick buyout? If you’re a property management owner looking to retire, cash out or reduce hours, we want to talk to you. We seek to grow, have cash, and are experts at tax-efficient, flexible options.
Keith McMullen 403-228-4303 keith@firesidepropertygroup.com
For Sale
PH: 780-434-4700 FAX: 780-436-9902
Office Building For Sale Prime Location on Jasper Avenue and 114th street in the Oliver Area. 4 storey building consisting of 56,012 square feet . Property is on 3 lots (50 feet x 150 feet) with also parking lots (92 feet x 150 feet) in the rear. Property is wedge between two drugs stores (Shoppers Drug Mart and Medicine Shoppe). New developments all around.
Pulse Pointe Development Site Located in the Quarters project on 95th street and 102 Avenue. A total of 4 lots (14,200 sq.ft.) (142 ft frontage and 100 ft deep. Presently, building is 11,840 sq.ft. This is a new up and coming area. Plans for future LRT system is slated for the area.
Please Call Bob Chinn, Assoc. (bob.chinn@century21.ca)
Web: chinnproperty.com
Invest in land with development potential. 381 acres on Lake McGregor. Hour and 10 minutes SE of Calgary. Approximately 3/4 mile of shoreline. Gently sloping. Suitable for lake view lots or golf course. Vendor willing to lease back.
mpjohnson41@hotmail.com
Ellerslie RE Development Site 80 acre parcel across from the new Edmonton Recreation centre along Ellerslie Road. Brand New Freestanding Building two storey with 4,000 sqft on the main floor retail & 5,000 sq.ft. upstairs divided into 4 units. Parking in the rear $1,820,000 located on busy 101st just steps from the new epcor tower, LRT systems and proposed hockey arena.
WINDOW OF OPPORTUNITY!
Land And Building For Sale Over 9,000 square feet on the main floor. Upstairs consisting of 4,000 sq.ft and basement level of 4,000 sqft., parking to the east of the building. Lot is 14,577 square feet (120 feet x 122 feet) Located in “the Quarters project” on 95th street and 102 Avenue. This is a new up and coming area. Plans for future LRT system, hotels and high rises is slated for the area. Business Condo in Old Stathcona 1500 square feet perfect for professional use, has 6 offices, storage, kitchen, reception area. Was used as chiropractors office, In desirable Stathcona. Close to all amendities, busy traffic. Freestanding Building Fully leased out on busy Jasper Avenue on a 50 x 150 lot. Building is two storey approx. 5,000 square feet on the main floor with paved parking in the rear. 2 main floor tenants and 2 tenants upstairs. $1,700,000
or Mark Wilbert, Assoc. (mark.wilbert@century21.ca) CENTURY 21 A.L.L. STARS REALTY LTD
B22 Alberta */'3"4536$563& from B21
/FX IPNFT
While it may not rush to put the land on the market soon, the province continues to chisel away at some of the region’s challenges in the areas of transportation and development. “We anticipate a land release strategy in the next couple of months, particularly for residential, with regards to Saline Creek,� Lutes said. That piece of land, amounting to roughly 1,700 acres on a plateau on the south side of the city, is envisioned for a large new subdivision. The average house now sells for around
Val Toffoli
Selling Edmonton since 1987
$730,000. Lutes expects transportation infrastructure issues to continue to be intertwined with everything happening in Fort Mac. While there’s been considerable progress in some areas – completion of a new five-lane bridge for northbound Highway 63 traffic over the Athabasca River – other needed projects have bogged down. The province has yet to start construction on a new interchange to access the Parsons Creek subdivision from Highway 63 on the north side of the city. Without an interchange, development beyond 1,000 homes in the neighbourhood simply isn’t safe, Lutes says. “There’s no way to get people safely in and out of the development unless we have the transportation route,� Lutes noted. The province opened one new interchange on the highway north of the river in late fall to access Thickwood Boulevard. It expects to finish work on the Thickwood and Confederation Way interchanges this summer. The additional interchange further north to safely access the Parsons Creek area is less definitive. Alberta Transportation says that detailed design of the interchange is complete, but Lutes worries that higher than expected tenders may mean that construction will not be complete for another three years, in 2015. South of the heart of the city, similar safety concerns limit residential and industrial development. There is no interchange for the highways 63 and 69 junction (the T-intersection is con-
4107 - 99th Street, Edm, AB T6E 3N4 “>ˆÂ?\ĂŠĂ›ĂŒÂœvvÂœÂ?ˆJĂƒÂ…>ĂœÂ°V>ĂŠUĂŠĂœĂœĂœÂ°Ă›>Â?ĂŒÂœvvÂœÂ?ˆ°Vœ“ APARTMENT BUILDINGS: s 5NITS n &ULL 3IDE BY 3IDE "I ,EVEL $UPLEX 'REAT 7EST %ND ,OCATION .EEDS SOME 4,# PRICED !CCORDINGLY /.,9 s 3TE #HARACTER "LDG #ENTRAL -C$OUGAL /VER CAP RATE 3OME UPGRADES 3ELLER OPEN TO 2EASONABLE /FFERS s 3TE n #TL 1-0 n #AP 2ATE !PPLIANCES $ISHWASHERS 3OME #OVERED 0ARKING -ANY 5PGRADES IN OUT s 3TES n 'REAT #ENTRAL ,OCATION n %XTENSIVE 5PGRADES n ,GE 3TES n %XCELLENT -IX n 9R !SSUMABLE -TG n ND 64" -TG POSSIBLE #AP 2ATE s 3TE n #TL 1-0 n 3 X 3 PROJECTS n /VER #AP 2ATE -ANY 5PGRADES 3UPER 3TE -IX WITH ,'% 3TES ND 64" -TG
WANTED: APARTMENT BUILDINGS Have QualiďŹ ed Buyers Ready to Purchase!
PRIME YUKON INDUSTRIAL PROPERTY 126 Industrial Road Whitehorse, Yukon
For further information and tours please contact: Ernie Bourassa, Dave Pearson or Darryl Weigand RE/MAX Action Realty
1-867-667-2514
A review of oilsands forecasts suggests Fort Mac will only get busier. While oilsands production in Alberta currently sits at 1.6 million barrels per day, the province’s energy regulator has approved another 1.5 million barrels per day of production.
in Downtown Edmonton 1,171 sq. ft. OfďŹ ce Space Starting at $11.00/sq. ft. s 4URNKEY SPACE s 3ECURE FOB BUILDING ACCESS THE JAFFER BUILDING s /N BUSY *ASPER !VE s $IRECT ACCESS TO ,24 "AY 3TATION
THE COMMONWEALTH BUILDING s "Y 'OVERNMENT (EADQUARTERS & Financial District s /N MAJOR BUS ROUTES AMPLE PARKING
Contact Alim N. Somji Call 780.907.3973 Email: alim.somji@jafferinc.com www.jafferinc.com
‡ The Regional Centre of East Central Alberta ‡ Lots next to our new Hotel Convention Centre and Casino ‡ 3 to 4 acre parcels starting at $175,000 per acre
Fort McKay
FORT McMURRAY âœŞ
ALBERTA
63
Lac La Biche Athabasca
Cold Lake 2
28
Edmonton
âœŞ
16
'PSU .D.VSSBZ "# Population (excluding work camps) 76,797 Acre of serviced industrial land $1.45 million Projected oilsands investment $111 billion in next seven years Rent for two-bedroom apartment $2,049 Growth since 2000 80 per cent Average detached house price $729,000
Some of that additional production will be in traditional area north of Fort Mac, but a bigger share will be in less obtrusive “in situ� projects south of the city between Cold Lake and the oilsands capital. Lutes, who says Canada’s oilsands capital must get ready, noted, “I think we’re back to where we were in 06/07, which is pre another boom.�◆
INVESTMENTS CALGARY AREA UĂŠĂˆĂ¤ĂŠ- /ĂŠ, -/ 1, / excellent return UĂŠ ,"-- ĂŠqĂŠĂ“ĂŠqĂŠĂ“ĂŠ>VĂ€iĂŠÂˆÂ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠ Â?ÂœĂŒĂƒĂŠqĂŠvÂœĂ€ĂŠĂƒ>Â?iĂŠÂœĂ€ĂŠÂ?i>Ăƒi
UĂŠ >Ă€}iĂŠ ˆ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠVÂœÂ“ÂŤÂ?iĂ? ĂŠ v Âœ Ă€ ĂŠ Ăƒ > Â? i ĂŠ Âœ Ă€ ĂŠ Â?i>ĂƒiĂŠĂŒÂœĂŒ>Â?ĂŠÂœvĂŠÂ™ĂŽĂ¤Ă¤Ă¤ĂŠĂƒÂľÂ°vĂŒÂ°ĂŠÂœvĂŠLĂ•ÂˆÂ?`ˆ˜}ʇÊ LĂ•ÂˆÂ?`ˆ˜}ĂŠV>Â˜ĂŠLiĂŠÂ?i>Ăƒi`ĂŠĂƒiÂŤ>Ă€>ĂŒiÂ?ÞÊÊqĂŠ>Â?Â?ĂŠ ÂœÂ˜ĂŠĂˆÂ°Ă‡ĂŠ>VĂ€iĂƒ
U Ăˆ{ĂŠĂƒi>ĂŒĂŠĂ€iĂƒĂŒ>Ă•Ă€>Â˜ĂŒ ĂŠÂˆÂ˜ĂŠv>ĂƒĂŒĂŠ}Ă€ÂœĂœÂˆÂ˜}ĂŠ VÂœÂ“Â“Ă•Â˜ÂˆĂŒĂžĂŠ Â˜ÂœĂ€ĂŒÂ…ĂŠÂœvĂŠ >Â?}>ÀÞ ]ĂŠÂŤĂ€ÂˆViĂŠ ˆ˜VÂ?Ă•`iĂƒĂŠÂ?>˜`]ĂŠLĂ•ÂˆÂ?`ˆ˜}ĂŠEĂŠiÂľĂ•ÂˆÂŤÂ“iÂ˜ĂŒ UĂŠ , , ĂŠ qĂŠxĂ¤Ă¤Ă¤ĂŠĂƒÂľÂ°vĂŒÂ°ĂŠÂˆÂ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠL>ÞÊ vÂœĂ€ĂŠĂƒ>Â?iĂŠĂœÂˆĂŒÂ…ĂŠÂ“>ÂŽiĂ•ÂŤĂŠ>ÂˆĂ€ĂŠĂ•Â˜ÂˆĂŒĂŠEĂŠÂˆÂ˜viÀÀi`ĂŠ Â…i>ĂŒiĂ€Ăƒ UĂŠ £ÎÇÊ>VĂ€iĂƒ ĂŠÂˆÂ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠÂ?>˜`ĂŠ>˜˜iĂ?i`ĂŠÂˆÂ˜ĂŒÂœĂŠ
Ă€ÂœĂƒĂƒvˆiÂ?`]ĂŠĂƒiĂ€Ă›ÂˆViĂƒĂŠVÂ?ÂœĂƒiĂŠLĂž]ĂŠĂ€i>`ĂžĂŠĂŒÂœĂŠ LiĂŠ`iĂ›iÂ?ÂœÂŤi`ĂŠqĂŠiĂ?ViÂ?Â?iÂ˜ĂŒĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â? UĂŠ ÂŁ{ÂŁĂŠ>VĂ€iĂƒ ĂŠ>˜˜iĂ?i`ĂŠÂˆÂ˜ĂŒÂœĂŠ Ă€ÂœĂƒĂƒvˆiÂ?`, iĂ?ViÂ?Â?iÂ˜ĂŒĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â? 813 5th Street NE Highly desirable location Renfrew-Regal Terrace: 50x180ft MC-2 lot. Zoning allows new developments to have gross oor area of 22,500 sq ft and a maximum height of 52 ft. $719,500
UĂŠ ÂŁĂŽĂ“ĂŠ>VĂ€iĂƒ …ˆ}Â…Ăœ>ÞʛÓÊvĂ€ÂœÂ˜ĂŒ>}i ]ĂŠ ÓäÊ Â“ÂˆÂ˜Ă•ĂŒiĂƒĂŠÂ˜ÂœĂ€ĂŒÂ…ĂŠÂœvĂŠ >Â?}>ÀÞÊqĂŠV>Â?Â?ĂŠĂŒÂœ`>Ăž UĂŠ ÓǙÊ>VĂ€iĂƒĂŠÂ?ÂœV>ĂŒi`ĂŠÂ˜iĂ?ĂŒĂŠĂŒÂœĂŠ Ă€ÂœĂƒĂƒvˆiÂ?`ĂŠqĂŠ ÂŤÂœĂƒĂƒÂˆLÂ?iĂŠ`iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠÂŤÂœĂƒĂƒÂˆLˆÂ?ÂˆĂŒÂˆiĂƒĂŠ ÉUĂŠ £ÎÇÊ>VĂ€iĂƒĂŠĂœÂˆĂŒÂ…ĂŠÂ›Ă“ĂŠÂ…Âˆ}Â…Ăœ>ÞÊvĂ€ÂœÂ˜ĂŒ>}i ĂŠqĂŠ iĂ?ViÂ?Â?iÂ˜ĂŒĂŠ>VViĂƒĂƒ
UĂŠ >ĂƒĂŒĂŠ >Â?â>V ĂŠ q ĂŠ ĂŠ Âœ v ĂŠ > Â? } > Ă€ Ăž ĂŠ q ĂŠ ÂŁ >VĂ€iĂƒ]ĂŠÂŁĂ“xĂ¤ĂŠĂƒÂľÂ°vĂŒÂ°ĂŠLĂ•Â˜}>Â?ÂœĂœ]ĂŠ{ä½ÊĂ?ĂŠn Quonset
UĂŠ ,ĂŠ7 - ĂŠqĂŠ}Ă€i>ĂŒĂŠÂˆÂ˜Ă›iĂƒĂŒÂ“iÂ˜ĂŒĂŠqĂŠV>Â? ĂŒÂœ`>Ăž UĂŠ ÎÓäÊ>VĂ€iĂƒ ĂŠiĂ?ViÂ?Â?iÂ˜ĂŒĂŠv>À“Â?>˜`ĂŠqÊÓäÊ Â“ÂˆÂ˜ĂƒĂŠ ĂŠÂœvĂŠ >Â?}>ÀÞ
City of Camrose Ray Telford Economic Development LQIR#FDPURVH FD‡ ‡FDPURVH FD
2VJDL GBDUT
UĂŠ ,-/ ,-ĂŠqĂŠ œ““iĂ€ÂˆV>Â?ĂŠÂ?ÂœĂŒĂƒĂŠvÂœĂ€ĂŠĂƒ>Â?iĂŠ priced to sellĂŠqĂŠV>Â?Â?ĂŠvÂœĂ€ĂŠÂ“ÂœĂ€iĂŠ`iĂŒ>ˆÂ?Ăƒ
Camrose
Prime Highway Commercial
Prime commercial location on Industrial Road features 5200 sq ft on the main oor including retail area and large shop area at rear. Upper mezzanine is 2700 sq ft of open storage area and ofďŹ ces. The CIM zoning allows most commercial operations and the prime location close to the corner of Quartz & Industrial Roads ensures great visibility for your business. MLS #6959 $800,000
. CBSSFMT B EBZ
LEASING OPPORTUNITIES
Phone: 780-707-9395
REALTY EXECUTIVES POLARIS
trolled by a stop sign for Highway 69 traffic), so additional development that will run more vehicles through the junction will require some upgrading – whether it be in the form of a large diameter traffic circle or in the form of a full interchange. The Prairie Creek project will also eventually merit an interchange, though Doherty notes that traffic will initially access the project from Highway 63 via at least one traditional intersection. Just how much buyers will pay for new lots in Prairie Creek remains to be seen. Doherty says Pac Dev is still crunching numbers while it continues with planning and site preparation work and ponders just what to do with all that muskeg. “That’s one of our biggest challenges at this point in time,� said the Pac Dev president, noting that the scraped-off material may be used in the construction of berms and trails in the area. Interest in Prairie Creek is considerable, however, with the developer and its realtor taking inquiries from prospective purchasers of both highway commercial and industrial land, Doherty says.
SASKATCHEWAN
available at $1.25 million to $1.35 million per acre. Lutes says the development community would like the province to move along on a second major site for new industrial and commercial development close to the Fort McMurray airport. Development of that site, comprising about 600 acres on the south side of Highway 69 just south of the airport, would provide more options for businesses and small developers, Lutes says. It would also provide more competition for Pac Dev. “That needs to come out for this community for two reasons,� Lutes said of the airport land. “It needs to come out because of need and to keep competition for Pacific, so Pacific isn’t just maximizing prices.� As of early February, the province hadn’t listed the second site with a realtor.
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
830 Edmonton Trail NE High Visibility Commercial Property 2200sf building 3175sf lot. Great space for retail professional, medical or service. Versatile building for a multitude of uses. $735,000
UĂŠ ÂŁxÂŁĂŠ>VĂ€iĂƒ ĂŠi>ĂƒĂŒĂŠÂœvĂŠ PRICED TO SELL
UĂŠ ǙÊ>VĂ€iĂƒ ĂŠ Â…iĂƒĂŒiÀ“iĂ€iĂŠqĂŠiĂ?ViÂ?Â?iÂ˜ĂŒĂŠ `iĂ›iÂ?ÂœÂŤÂ“iÂ˜ĂŒĂŠÂŤÂœĂŒiÂ˜ĂŒÂˆ>Â? For more information on these and other properties
call
DON SACKETT RE/MAX ACA REALTY
Sano Stante | 403-289-3435 RE/MAX Real Estate Central Email: info@sanostante.com Website: www.sanostante.com
ÂˆĂ€ `Ă€ÂˆiĂŠ qĂŠ
(403) 946-5657 ACA Realty
www.donsackett.com remaxaca@telus.net www.acarealty.com
Alberta B23
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
EDMONTON AREA EXECUTIVE MOTEL (50 RM) + LOUNGE + RESTAURANT (B+P) Asking: $6.89 Mil --Revenue: $2.2 Mil --Room Sales: $1.3 Mil. (2011) --Bar & Grill Sales: $900,000 --3 VLTs (Projected Revenue: $60,000/Yr) --Only 5 Yr Old Building With 3.5 Acre Land --Located In Booming Oil Town
EXECUTIVE MOTEL (28 ROOMS+LOUNGE+RESTAURANT) (B+P) Asking: $2.19 Mil + Stock --Revenue: $1.45 Mil. (5 Yr Average) --Room Sale: $465,000; Restaurant: $480,000; --Lounge: $220,000; VLT (4): $85,000; --Liquor Store: $200,000; --Land Size: 3.5 Acres --Located 1 Hr From Edmonton --Built In 1989. --In Excellent Condition. SHELL GAS STATION+CARWASH (B+P) Asking: $1.69 Mil + Stock --Revenue: $4.2 Mil. --Fuel Sale: $3.2 Mil. In Store Sale: $1.0 Mil. --Restaurant Leased Out --Very Good Location --1.5 Hrs From Edmonton
SHELL GAS STATION + CARWASH (B+P) Asking: $2.49 Mil + Stock --Revenue: $6.5 Mil. --Fuel Sale: $4.7 Mil. In Store Sale: $1.7 Mil. --Car Wash & Other: $100,000 --Gross Margin: $1.1 Mil. --On 3 Acres Land With 1 Automatic Car Wash -- 1 Hour From Edmonton. CAR & TRUCK WASH (B+P) Asking: $749,000 --Revenue: $300,000 --1 Automatic Bay; 2 Truck Bays; 3 Car Bays --Upgraded Equipments --Nicely Managed --Seller Is Motivated --Located 3.5 Hrs From Edmonton.
TERRY JIN Tel: 780-619-8181(cell) Fax: 780-431-9549 Email: Terryjin@telus.net
POLARIS
www.Terryjin.com
Each office is independently owned and operated.
r
M E D I C I N E H A T, A B ProďŹ table Business FOR SALE Retail & Service $450,000
OPPORTUNITIES
k
$2B Expansion at Cold Lake oilsands Take advantage of the economic spin offs
GREAT LOCATION/REVENUE 1.1 ACRE PAVED
s s s s s s s
3UPER CHEAP BLDG RENT 3QFT "ASE RENT MONTH -AN 7IFE SALARY YEAR AFTER YEAR X "USINESS PROlT %XPERIENCED STAFF MEMBER WILL STAY &INANCIAL STATEMENTS TO SUPPORT PERFORMANCE #URRENT /WNERS +IDS THRU SCHOOL TIME TO SLOW DOWN Information Packages Available (Jacquie-unlicensed assistant jacrick@telus.net)
ROBERT GRAHAM, B. Commerce
WHITECOURT, AB Renford Inn Motel – 112 rooms, 3.73 acres on hwy. Room to expand. Sales: $1,200,000 List: $4,950,000 Pizza Delight Franchise, good location, lease & sales. Asking $229,000 Owner retiring. Quizno’s Franchise – 5 yrs. operating - 5 yr. lease. Good rev and hwy location. $449,000 School Board OfďŹ ces & Shop - .72 acres. Good location 5,900 sf 2nd level ofďŹ ces, 5,882 sf shop/warehouse. Asking: $1,250,000 Leo or Brenda at 780-778-6678
ASSOCIATE
grahambg@telus.net or 1-403-528-7772 Cell
RE/MAX MEDALTA REAL ESTATE LTD.
1-800-248-4843 leozelinski@remax.net RE/MAX Advantage WCT www.whitecourtrealestate.com
LOT. 16,800 SQ.FT. INCLUDING 2,000 SQ.FT. MEZ/OFFICE. $1,175,000
LAND & BUILDING ONLY
75.05 ACRES DEVELOPMENT LAND COLD LAKE NORTH
$1,050,000
DEVELOPMENT SITE 5.08 ACRES DESIGNATED MULTI FAMILY
RE/MAX Cold Lake 2000
COMMERCIAL BUILDING In Wainwright, AB built in 2009 8224 sq.ft. Total. 4384 Small Animal Vet Clinic Vacant 3840 sq.ft., Leased shop space, 9.2% cap rate $926,000
$405,000
$770,000
VACANT LAND 105 Acres of Vacant Land adjacent to Wainwright Excellent Investment opportunity for development as Industiral/Commercial space is limited $1,260,000
7.2 ACRES ZONED HIGHWAY COMMERCIAL Services prepaid
COMMERCIAL BUILDING In Wainwright, AB built in 2009 8960 sq.ft. commercial Lease space with tenants 8.2% cap rate $1,147,000
COMMERCIAL CONDO 1800 sq.ft. Commercail Condo built in 2011 OfďŹ ce, Shop, and fenced Compound Tenants in Place $198,000
17.07 ACRES RESIDENTIAL SUBDIVIDSION 63 LOTS ZONED R1B
WAINWRIGHT AB
$749,900
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.
CUSTOM HOME 17 Acres 10 miles outside Wainwright, AB 1874 sq.ft. Custom Built Home with 3 car garage, as well as 60 X 60 fully ďŹ nished shop $795,000 MLS# 45295 Ă€ĂŒĂŠ iÂ?ÂˆÂ˜ĂŠUÊÇnä‡nĂ¤ĂˆÂ‡ĂŽÂŁĂ‡xĂŠUĂŠ>Ă€ĂŒÂ“iÂ?ˆ˜JĂ€i“>Ă?°˜iĂŒ , É 8ĂŠ >Ă•}Â…>Â˜ĂŠ,i>Â?ĂŒĂž ĂˆĂ“ÂŁĂŠÂ‡ĂŠÂŁĂ¤ĂŠ-ĂŒÂ°ĂŠ7>ÂˆÂ˜ĂœĂ€Âˆ}Â…ĂŒ]ĂŠ ĂŠ/™7ĂŠÂŁ*Ă“
Each office is independently owned and operated.
B24
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
FEATURE Best real estate play in the country: Industrial sites in the top-five fast-growing Prairie cities
$BOBEB¤T JOEVTUSJBM IFBSUMBOE WESTERN INVESTOR anada is seeing a historic shift, as underlined in the recent Canada Census that showed, for the first time, more people are living west of Ontario than to the east. Yet the real economic transformation is not seen in the movement of people, but in the movement of trucks, trains and labour as Western Canada begins to replace Ontario as Canada’s industrial heartland. Yes, there are more industrial buildings and more manufacturing in Central Canada – Toronto alone has more industrial space than the five biggest Prairie cities combined – but when it comes to new construction, big projects and flat-out potential, the West takes the lead.
$
In Fort McMurray, for example, the latest industrial park, being started this year by Calgary-based Pacific Investments Development Inc., covers 700 acres in a city where an acre of serviced industrial land can sell for $1.2 million. When Tom McClocklin of Colliers McClocklin Real Estate Group addressed a real estate conference in Saskatoon last month, he could have been summing the potential right across the Prairies: “We have multiple things driving our economy,� he said. “We have agriculture, potash, uranium, diamonds, oil and gas, rare earth mineral plays and oilsands development.� Winnipeg: Servicing of the CentrePort Canada industrial complex in Winnipeg’s northwest will complete this year, introducing a new platform for industrial growth. The city spent $17 million to service the 1,100-acre site that opens in the second quarter. Despite the new space, the industrial vacancy rate is expected to remain at 3.5 per cent in 2012, with more than 440,000 square feet forecast to be
leased up. Demand is strongest in the northwest and southwest areas. Despite 350,000 square feet under construction, the vacancy rate remains at 3.5 per cent, and industrial lease rates are have increased marginally to around $6.40 per square foot. Commercial real estate company CBRE reported increased interest in “national companies looking to enter the Winnipeg market.� Capitalization rates for Class A and B space are in the 7 per cent to 8 per cent range and industrial space is selling for an average of $55 per square foot.
Photo: Colliers Canada
WI STAFF
Saskatoon: Fuelled by both oil exploration and potash mining, Saskatoon will see 500,000 square feet of new industrial space added this year, according to Colliers Canada, and much of it is speculative construction in a city ranked as having one of the fastest-growing economies in the country. In the past five years, Saskatoon has seen double-digit population growth as new workers move in. Serviced industrial land prices have topped an average of $400,000 per acre for the first time and the outlook is for the industrial vacancy rate to fall even further. It is now at 2.4 per cent, tied with Regina as the lowest in North America. Industrial lease rates for new product are in the $12-per-square-foot range, with older properties leasing for from $9 to $11 per square foot.
New industrial building takes shape in Saskatoon: industrial sales and prices are up across the Prairies.
opment will be on the privately owned land to the east of the city and to the giant Global Transportation Hub (GTH). Phase 1 construction of a million-square-foot distribution centre in the GTH is complete with more than 425,000 square feet in use. Phase 2 is underway with an additional 565,000 square feet operational in 2012. Action linked to servicing the Balkan oilfields is helping to fuel the GTH and Regina’s industrial market. According to the Conference Board of Canada, Regina’s economy growth will ease to 2.9 per cent in 2012, which still ranks Regina fourth among Canada’s major cities. Strong employment is drawing migrants to the city, Regina: NAI Real Estate senior commercial which has seen an 8 per cent increase in popuagent Micky Schmidtz points to speculative lation since 2006. construction as a mainstay of Regina’s real Calgary: Leading Calgary’s industrial curve estate market. The city, the largest owner of industrial land, is Oxford Properties’ $500 million Oxford is about to release its final 60 acres of indus- Airport Business Park, a $4 million squaretrial-zoned land. Five years ago industrial land foot mixed-use – industrial, retail, office and was selling for $80,000 an acre. A year ago it hotels – covering 260 acres. It will complete was $230,000. The next batch is expected to half-a-million square feet of industrial in the fetch at least $350,000 per acre in 2012, NAI first phase this year. Tonko’s Starfield centre estimates. The industrial vacancy rate is 2.4 will bring a further 900,000 square feet to the market, with the first phase opening this year. per cent. With the city land drying up, industrial devel- In all, 1.6 million square feet of industrial
1SBJSJF JOEVTUSJBM TOBQTIPU Market
Industrial vacancy
Calgary Edmonton Regina Saskatoon Winnipeg
2.9 per cent 6.2 per cent 2.4 per cent 2.4 per cent 3.5 per cent
Source: CBRE/Colliers International, Western Investor
space is expected to be under construction in Calgary in 2012, but absorption is forecast at 1.39 million square feet. The industrial vacancy rate is pegged at around 4 per cent. The sale price for industrial space will reach $169 per square foot in 2012, up from $160 per square foot in 2011, while average lease rates will increase to $8.31 per square foot, according to estimates.
Edmonton: Industrial land is selling for up to $800,000 per acre in southwest Edmonton, the centre for the energy sector, but is in the $260,000 to $500,000 range in other parts of the capital. Vacancy rates are 3.1 per cent, but dip below 1 per cent in hot suburban markets such as St. Albert and Sherwood Park, according to Colliers. A rush of speculative construction is expected to lower vacancies in the northwest area. Industrial sales through 2011 were running at more than $20 million per month, a pace expected to continue in 2012.â—†
"MCFSUB OPPORTUNITY IS KNOCKING IN RED DEER!
I N V E S T M E N T
PROPERTIES FOR SALE!
t (SFBU -PDBUJPO t )JHI 7JTJCJMJUZ t -POH 5FSN (PWFSONFOU BOE /BUJPOBM UFOBOUT t 1BSLJOH -PUT */$-6%&% GPS 'VUVSF %FWFMPQNFOU t $VSSFOUMZ $BQ
Reduced to $6.5 Million
Glenn Moore
Associate C21 Advantage Commercial
Phone: 403-318-8085 Email: glenn@advantagecommercial.ca www.reddeercommercial.com
68 FULLY SERVICED MOBILE HOME VACANT TITLED LOTS located within a modern Mobile Home Park in High Level, AB. Fully serviced, paved roads, underground utilities, fenced and landscaped. MOTIVATED SELLER MAY CARRY 60% FINANCING FOR A QUALIFIED BUYER! MLS # E1014318 Price recently slashed to $975,000 or only $14,338 per lot! 23 UNIT APARTMENT, University area, nice condition and 5.75 cap. No agents please. Call for proforma 13,231 SF, 5 bay retail strip mall in Leduc, AB. with solid long term tenants. 9 years old. NOI over $153,000 per annum. 7 cap at $2,095,000 - SOLD Looking for investment properties for all ICI categories. Looking for apartments, commercial/retail buildings, industrial properties etc. Fully qualified buyers. Call now for your complimentary evaluation and allow my 21 years of banking and 14 years of commercial real estate experience to assist you!
Subscribe OVER $2.5 BILLION WORTH OF INVESTMENT OPPORTUNITIES EVERY MONTH FIRST CLASS DELIVERY â?? One Year .............$42
Name Title
â?? Two years ............$75
Company
â?? Three years .......$105
Address
Bill my:
â?? Visa â?? American Express â?? MasterCard â?? Cheque enclosed
GST Registration No. 10565567 GST Included
City Prov Postal code Phone
Fax E-mail
Credit Card No. Expiry Signature
FAX BACK TO 604-669-2154 OR CALL 1-800-661-6988
Rick D. Jenkins COMMERCIAL REALTOR
780-450-6300 Cell: 780-990-6120 Fax: 780-929-8304 POLARIS REALTY E-Mail: rdjri@telus.net
Bus:
$42 could make you millions!
Saskatchewan B25
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
Pilot No.
Civic Address
Size (sq. ft.)
Q TOTAL Purchase Price
Pilot No.
Civic Address
Size (sq. ft.)
Q TOTAL Purchase Price
Pilot No.
Civic Address
Size (sq. ft.)
Q TOTAL Purchase Price
#1
323 Diefenbaker Drive
28,826
$107,597
#7
28 Highland Road
42,949
$160,526
#14
67 Lancaster Road
26,813
$86,872
#2
339 Diefenbaker Drive
31,710
$118,489
#8
22 Highland Road
55,220
$206,301
#15
61 Lancaster Road
33,020
$106,871
#3
369 Diefenbaker Drive
31,710
$118,489
#9
93 Highland Road
57,109
$184,691
#16
55 Lancaster Road
55,232
$172,876
#4
2 McKenzie Lane or 24 Chester Road
56,187
$181,747
#17
15 Lancaster Road
36,596
$114,710
$81,872
#10
87 Highland Road
21,851
#5
51,503
$166,518
44,013
$142,353
$82,225
#18
33 Highland Road
21,968
#11
81 Highland Road
6 McKenzie Lane
#6
35,585
$132,994
32,776
$105,940
$206,301
#19
45 Highland Road
55,220
#12
75 Highland Road
34 Highland Road
#13
73 Lancaster Road
26,813
$86,872
B26 Saskatchewan
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
Tim Hammond, BSA, P.Ag. Owner - Broker www.TimHammond.ca
SASKATOON APARTMENTS
306.948.5052 (Office) 306.948.9168 (Cellular) Tim.Hammond@sasktel.net
Demaine Hotel is located in central Saskatchewan close to Lake Diefenbaker. Business revenue lines include: 36 seat full service restaurant, self-cook steak pit, takeout pizza, two large suites, licenced beverage room (96), and VLTs. This establishment has a very loyal cliental and reliable seasonal traffic generating phenomenal returns. Asking $399,900. Exclusive! http://Demaine.TimHammond.ca Turn key business in the busy community of Langenburg, SK located on the Yellowhead Hwy close to major potash expansion. 8,300 sq ft includes 6 lane bowling alley with licensed 56 seat restaurant, and 64 seat meeting/lounge area. Building and equipment in excellent condition with many new upgrades. $339,000 MLS 409520 Call Guy Shepherd at 306-434-8857. http://BowlingAlley.TimHammond.ca
9:A E:I:GH G:6AIN
8Vaa
(%+#.()#(&*&
lll#YZaeZiZghgZVain#Xdb
RETAIL INVESTMENT OPPORTUNITY - REGINA
Businesses in SW Sask Eastend&Shaunavonareenjoying a robust Oil & Gas Economy SHAUNAVON & EASTEND
Excellent investment located in the heart of the east retail corridor includes a fully leased commercial multi-tenant building and a pad building. 10,656 square feet of rentable area on 1.21 acres of land.
UĂŠĂŠ ˆViĂŠÂ?ÂˆĂŒĂŒÂ?iĂŠ`ÂœĂœÂ˜ĂŒÂœĂœÂ˜ĂŠi>ĂŒiĂ€ĂžĂŠĂœÂˆĂŒÂ…ĂŠĂ€i}Ă•Â?>ÀÊÊ VÂ?ˆiÂ˜ĂŒiÂ?i°ÊÊÊ $150,000 -Ă ĂŠ{£Çxnä
FOR MORE INFORMATION CONTACT:
Joe Trudelle or Dale Griesser
(306) 359-9799 GRAIN LAND INVESTMENT OPPORTUNITIES 25% DOWN BALANCE MORTGAGE (OAC)
Call today for your opportunity
RE/MAX Saskatoon
Ed Bobiash Farm & Acreage Specialist 306-222-7770 s ed@edbobiash.com www.SaskLand4Sale.com
UĂŠĂŠ Ă€ÂœĂƒĂŒĂžĂŠ /Ă€i>ĂŒÂ°ĂŠ œœ`ĂŠ LĂ•ÂˆÂ?`ˆ˜}]ĂŠ }Ă€i>ĂŒĂŠ Â?ÂœV>ĂŒÂˆÂœÂ˜ĂŠ ÂœÂ˜ĂŠ ĂœĂžĂŠ ›ÎÇ°Ê ĂŠ /Ă•Ă€Â˜Â‡ÂŽiÞ°ÊÊ ĂŠ $275,000 -Ă ĂŠ{Óä£Óä
www.avisonyoung.com
Shell Lake Gravel Land MLSÂŽ 399171 $1,199,000 Investment 136.94 acres just west of Shell Lake with gravel reserves. Seller has exposed aggregate for visual inspection. Seller has hired Resource Management International and buyers have access to an Electromagnetic Conductivity EM31 report. SE Perimeter Investment MLSÂŽ 401141 $2,200,000 160 acres for investment opportunity SE corner of Saskatoon 1 mile from city limits. New perimeter highway will border SE corner of the land. Major urban development close to this land.
Farm & Acreages Specialist - Call for info www.SaskLand4Sale.com
$-"7&5 4, ° )PVTF GPS 4BMF Future Development Potential! #12 - 2nd Ave, Clavet SK - 10 miles from Saskatoon, close to several potash mines. 1327 sq ft 2 bi-level 2 bedroom Nelson home, 2X6 construction. Well-built with concrete basement and pilings. Walkout basement with roughed in plumbing for bathroom, can be converted to legal suite or build another home/out-building on large lot. H/E furnace, H/E 50 gal hot water heater. Energy efďŹ cient windows, laundry room main oor. 24X22 workshop insulated & wired, heated w/ wood stove. Clavet has an excellent K-12 school, hockey rink, convenience store and service station.
Saskhouses.com listing 22024 for more info and photos 1IPOF r &NBJM DMBWFU@IPVTF TBMF!ZBIPP DPN
UĂŠĂŠ ÂœĂ€Â“iÀÊ Âź/ÂˆĂ€iVĂ€>vĂŒÂ˝ĂŠ LĂ•ÂˆÂ?`ˆ˜}]ĂŠ -Â…>Ă•Â˜>Ă›ÂœÂ˜ĂŠĂŠ $279,000 -Ă ĂŠ{ÂŁxn{n UĂŠĂŠ,iĂƒĂŒ>Ă•Ă€>Â˜ĂŒĂŠÂˆÂ˜ĂŠ >ĂƒĂŒi˜`ĂŠĂŠ-Â…ÂœĂœÂˆÂ˜}ĂŠ}Ă€i>ĂŒĂŠĂ€i‡ ĂŒĂ•Ă€Â˜Â°ĂŠĂŠ $259,000 -Ă ĂŠ{ÂŁĂŽĂˆÂ™Ă“
Do you have a
VOJRVF QSPQFSUZ Advertise your listings in our special
-*'&45:-& 1301&35*&4 feature. Reach potential buyers with money to spend. Western Investor readers have higher than average household income and a real interest in real estate. Recreational Real Estate ADVERTISING FEATURE:
• Limited spaces • 4-colour ads
MOOSE JAWĂŠ ĂŠ ĂŠ UĂŠĂŠ ÂœĂ€Â˜iÀÊ ĂƒĂŒÂœĂ€iĂŠ ĂœÂˆĂŒÂ…ĂŠ }Ă€i>ĂŒĂŠ Â?ÂœV>ĂŒÂˆÂœÂ˜]ĂŠ Â?ÂˆĂ›ÂˆÂ˜}ĂŠĂŠ ¾Õ>Ă€ĂŒiĂ€ĂƒÂ°ĂŠĂŠĂŠ $269,000 -Ă ĂŠ{ÂŁ{™ÎÎ SWIFT CURRENT UĂŠĂŠ >Ă€Â“ÂˆÂ˜iĂŠ iĂœiÂ?ĂŠ-ÂœĂ•Ă€ĂŠ Â…iĂ€Ă€ĂžĂŠÂœĂ€VÂ…>Ă€`ĂŠ 7ĂŠ ÂœvĂŠ -ĂœÂˆvĂŒĂŠ ÕÀÀiÂ˜ĂŒÂ°ĂŠ ĂŽxääÊ ÂŤĂ€Âœ`Ă•Vˆ˜}ĂŠ ĂŒĂ€iiĂƒÂ°ĂŠĂŠ ĂŠ $379,000 ĂŠ -Ă ĂŠĂŽÂ™Ă‡ĂˆÂŁÂ™ UÊÓʾÕ>Ă€ĂŒiĂ€ĂƒĂŠv>À“Â?>˜`ĂŠĂŠ ĂŠ ĂŠ $230,000ĂŠĂŠ -Ă ĂŠ{ÂŁĂŽĂˆÂ™x UĂŠĂŠ ÂœLLÞÊv>À“]ĂŠnäÊ>V]ĂŠÂŁ{Ă¤Ă¤ĂŠĂƒÂľÂ°vĂŒÂ°ĂŠÂ…ÂœĂ•Ăƒi]ĂŠ{äÊĂ?ĂŠ £Óäʅi>ĂŒi`ĂŠĂƒÂ…ÂœÂŤ]ĂŠ}œœ`ĂŠĂœiÂ?Â?]ĂŠÂ?ÂœĂŒĂƒĂŠÂœvĂŠĂŒĂ€iiĂƒÂ°ĂŠĂŠ Ă‡ĂŠÂ“ÂˆĂŠÂœĂ•ĂŒĂŠÂœvĂŠĂŒÂœĂœÂ˜Â°ĂŠĂŠĂŠ ĂŠ ĂŠ $590,000 -Ă ĂŠ{ÂŁĂŽĂˆĂŽĂ‡ UÊÊ£ÇÊ ĂƒĂ•ÂˆĂŒiĂŠ Â“ÂœĂŒiÂ?]ĂŠ vĂ•Ă€Â˜ÂˆĂŒĂ•Ă€iÉwĂ?ĂŒĂ•Ă€iĂƒĂ‰>ÂŤÂŤÂ?ˆ‡ >˜ViĂƒĂ‰Ă•ÂŤ}Ă€>`iĂƒĂŠĂ“Ă¤Ă¤Â™ÂłĂŠĂŠĂŠ ĂŠ ĂŠ $750,000 -Ă ĂŠ{Ă“ÂŁĂŽnn
• Special rates Recreational Real Estate LIFESTYLE PROPERTIES
3BODI TJ[F TBMFT DIFFS WFOEPST WI STAFF WESTERN INVESTOR
erhaps the strongest evidence of a recovery in the Kootenay recreational market is the sale of ranchsized 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 subsidiary 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 100acre 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
1
Ranches at Elk Park: 200 acres with a private lake listed for $2.95 million.
and ranches. “There’s nothing else like this in eventually retire to the property. They share British Columbia. South of the border, in places an common appreciation of nature, outdoor like Montana, similar ranch-style communities adventure, horse-back riding, hobby ranching are far less pristine and their prices are much and getting away from it all, “without going too steeper.� far or spending too much.� Some of the ranches Calgary-based Schickedanz West, the are lakefront, others have valley views and all owner of the Ranches project, is adding a com- have the security and privacy only big money prehensive amenity centre outside the access can buy: there is only one access road and it is point with fitness facilities and a private own- protected by a controlled locked main gate. ers’ lounge, Nielsen said. He credited owner Fred Schickedanz for having the vision and "MCFSUBOT patience to create “one of the best recreation- The success of Elk Park is likely cheered by al ranch developments I have seen www.westerninvestor.com in a long other land andWESTERN recreationalINVESTOR vendors in the time.� Kootenays, especially since it heralds the return Nielsen said buyers are a mix of permanent of Alberta investors. residents and seasonal owners who plan to In 2007, Albertans were big in the Kootenay
ARIZONA Investment Property For Sale ACQUIRE REALTY
623-853-7765 Toll &REE s WWW !CQUIRE!: COM
% ()+&& Sold Price: $51,900 Rent: $850 City: Tolleson 9EAR "UILT Square Feet: 1,423
UĂŠĂŠ i>ĂŒĂŠ >ĂƒĂŠ >ĂŠ *ÂˆÂ˜ĂŠ }Ă€ÂœViÀÞÊ ĂƒĂŒÂœĂ€iĂŠ ĂœÂˆĂŒÂ…ĂŠ }Ă€i>ĂŒĂŠĂŠ ĂŒĂ€>vwVĂŠ>˜`ĂŠĂƒĂ•ÂŤÂŤÂœĂ€ĂŒÂˆĂ›iĂŠVÂœÂ“Â“Ă•Â˜ÂˆĂŒĂžÂ°ĂŠĂŠ ÂœĂœÂ˜Â‡ ĂŒÂœĂœÂ˜ĂŠ/ÂœÂ“ÂŤÂŽÂˆÂ˜ĂƒÂ°ĂŠĂŠ $97,500 -Ă ĂŠ{ÂŁĂˆĂ“Ă“x UĂŠĂŠ ÂœĂ€Â“iÀÊ -ˆ““ˆiĂŠ Â…ÂœĂŒiÂ?ĂŠ ĂŠ -iĂ€Ă›ÂˆViĂƒĂŠ >VĂŠ *iÂ?‡ Â?iĂŒÂˆiÀÊ EĂŠ Ă•Â˜V>ÂˆĂ€Â˜ĂŠ >“Ê ĂŒÂœĂ•Ă€ÂˆĂƒÂ“ĂŠ ÂˆÂ˜ĂŠ LĂ•ĂƒĂžĂŠ ĂƒĂ•Â“Â“iÀÊEĂŠÂ…Ă•Â˜ĂŒÂˆÂ˜}ĂŠĂƒi>ĂƒÂœÂ˜ĂƒÂ°ĂŠĂŠ ĂŠ ĂŠ $285,000 -Ă ĂŠ{äxĂ“ÂŁn
# ( (!% ((& ! )
!' )
204-928-5008
Virtual tour at www.annabelyoung.com
# % + ()+&& ), '%! " &$
Sold Price: $52,00
Sold Price: $60,300
Sold Price: $60,500
9EAR "UILT Square Feet: 1,343
9EAR "UILT Square Feet: 1,278
9EAR "UILT Square Feet: 1,159
ANNABEL YOUNG
Rent: $825 Rent: $895 Rent: $825 - +++ ), '%! " &$ City: Goodyear City: Glendale City: Phoenix
Cell: 604-961-7541
FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.
Average Sales Price per Square Foot ARMLS Residential All Areas and Types Sold Price: $61,500 Rent: $925 City: Avondale 9EAR "UILT Square Feet: 1,197
Why Harrison?
Nestled against Southwestern British Columbia’s magniďŹ cent mountains and the sandy beaches of Harrison Lake, Harrison Village is your local destination ďŹ 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. s BEDROOMS BATHROOMS s SQ FT OF LIVING SPACE s SQ FT GUEST SUITE s 3HOWPIECE CAR GARAGE s FEET OF WATERFRONT
Gerri SaundersĂŠJĂŠ(250) 632-2107ĂŠÂœĂ€ĂŠ(250) 632-6638 Sold Price: $69,000 Rent: $825 City: Phoenix 9EAR "UILT Square Feet: 1,343
Sold Price: $105,000 Rent: $1,150 City: Goodyear 9EAR "UILT Square Feet: 2,277
Sold Price: $87,000 Rent: $995 City: Laveen 9EAR "UILT 73!BDSFT Square Feet: 1,763
Ipnf-!Ipnf! po!uif!Sbohf/
271!BDSFT
TPME 271!BDSFT
Cbqujtuf Mblf
571!BDSFT
51!BDSFT
47!BDSFT 8:!BDSFT 91!BDSFT
TPME
231!BDSFT
427!BDSFT
516!BDSFT
266!BDSFT
IPME
PQFO IPVTF
Tbuvsebz-!Bvhvtu!38-!22.5!qn Tvoebz-!Bvhvtu!39-!21.3!qn Fousbodf!up!uif!Sbodift!bu Fml!Qbsl!4/6!ln!opsui!pg!Sbejvn
s 3TAMPED CONCRETE BOAT LAUNCH s FEET PRIVATE BOAT DOCK s 26 PARKING s #OVERED HOT TUB DECK
$1,888,000 Virtual tour at www.6565-rockwell.ca
"OB 0LOWRIGHT $ON 3PICE s 2% -!8 "/" 0,/72)'(4 2%!,49 +RISTEN /g#ONNOR s 2% -!8 .9$! 2%!,49 6EDDER 2D #HILLIWACK "# 6 2 ' www.bobplowright.com bob@bobplowright.com s
>Â?Â?ĂŠvÂœĂ€ĂŠÂ“ÂœĂ€iĂŠÂˆÂ˜vÂœĂ€Â“>ĂŒÂˆÂœÂ˜]ĂŠ Sold Price: $64,125 Rent: $850 City: Phoenix 9EAR "UILT Square Feet: 1,435
OfďŹ ce: 604-888-0786 Email: annabelyoung@shaw.ca
Overwhelming Views
Sold Price: $64,000 Rent: $785 #ITY "UCKEYE 9EAR "UILT Square Feet: 1,574
Sold Price: $64,000 Rent: $850 City: El Mirage 9EAR "UILT Square Feet: 1,495
Sold Price: $62,000 Rent: $895 City: Avondale 9EAR "UILT Square Feet: 1,255
UĂŠ7iÂ?Â?ĂŠiĂƒĂŒ>LÂ?ÂˆĂƒÂ…i` UĂŠ `Â?œˆ˜ˆ˜}Ê£ää½ÊĂ?ĂŠÂŁxä½ÊÂ?ÂœĂŒ UĂŠ*Ă€iĂƒiÂ˜ĂŒÂ?ĂžĂŠĂ“ĂŠĂƒĂŒÂœĂ€ivĂ€ÂœÂ˜ĂŒĂŠĂ€iÂ˜ĂŒ>Â?ĂŠÂˆÂ˜Vœ“i UĂŠ7ÂœĂ•Â?`ĂŠÂ?ˆŽiĂŠĂŒÂœĂŠĂƒiÂ?Â?ĂŠÂŤ>VÂŽ>}iĂŠ`i>Â?
Investment Opportunity
For Sale: $112,500
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 - MLSÂŽ F1118274 $1,075,000
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.
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, 'OODYEAR AND 3URROUNDING !REAS 7E WOULD LOVE TO HELP YOU ďŹ nd your vacation home or investment property.
Newly 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-$1075 as an investment property.
Recreational Real Estate LIFESTYLE PROPERTIES
FOR SALE - On Bird River, MB
Contact us to start your portfolio today.
INFO !CQUIRE!: COM s 7EST -C$OWELL 2D "LDG # Ste. 305 Avondale, AZ 85323
Phoenix Area
area, 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 oilfueled global economy stalled and Albertans went quiet; in 2010 Albertan purchases were off by more than 70 percent or 756 sales o f 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 mid2008 to late 2010, “ Nielsen said. A recent survey by the Royal Bank forecasts Alberta will lead the entire country in economic growth this year and next, and likely 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 o f 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 opportunity to own their own private ranch right at the foot of the Rocky Mountains.�◆
Here are twelve of the homes we’ve sold over the past few months which are all within a 30 minute drive80from downtown Phoenix. We even offer Approximately minutes northeast of Winnipeg property management for our clients. on the
Avondale - Crystal Gardens Lake Community
UĂŠĂŠ/Ă€ÂˆÂŤÂ?iĂŠL>ĂžĂŠĂŒĂ€Ă•VÂŽĂŠĂœ>ĂƒÂ…ĂŠEĂŠÂœĂ•ĂŒĂƒÂˆ`iĂŠL>Þ°Ê Â?ĂƒÂœĂŠ ˆ˜VÂ?Ă•`iĂƒĂŠ LÂœĂŒĂŒÂ?i`ĂŠ Ăœ>ĂŒiÀÊ ÂŤÂ?>Â˜ĂŒĂŠ EĂŠ Ăœ>Ă€i‡ Â…ÂœĂ•Ăƒi°Ê $850,000 -Ă ĂŠ{ÓÓ£™x
www.westerninvestor.com WESTERN INVESTOR
RECREATION FEATURE Wealthy investors corral exclusive acreages at Ranches at Elk Park in Kootenays
Uif!Spdlz!Npvoubjo!sbohf-!uibu!jt/! Sjhiu!opx-!zpv!dbo!pxo!zpvs!pxo! Dpmvncjb!Wbmmfz!sbodi!sjhiu!bu!uif! gppu!pg!uif!Dbobejbo!Spdljft/!Spmmjoh! nfbepxmboetĂŠgsbhsbou!bmqjof!gpsftutĂŠ ijhi!cmvggt!pwfsmppljoh!uif!Dpmvncjb! Sjwfs!xfumboet/!JuĂ–t!b!tfuujoh!sjhiu!pvu pg!Mfhfoet!pg!uif!Gbmm!Ă‘!boe!juĂ–t! bwbjmbcmf!opx!up!b!wfsz!mvdlz!gfx/ Pomz!28!Sbodift!xjmm!cf!nbef bwbjmbcmf!jo!Fml!Qbsl!Sbodi!Ă‘!fwfs/ Up!tdifevmf!b!qsjwbuf!hvjefe!upvs-! qmfbtf!dbmm!2.715.7:5.8739!ps!fnbjm! fmlqbslufbnAmboervftu/dpn/
591!BDSFT 341!BDSFT
Fousbodf!up uif!Sbodift!bu!Fml!Qbsl Vqqfs!Sbodi
85!BDSFT
587!BDSFT
6 Njovuft up Upxo Dfousf
ÂŽ
xxx/FmlQbslSbodi/dpn
604-669-8500 • 1-800-661-6988 advertise@westerninvestor.com
Lee Davidson 306-741-7367 Anita Evans 306-741-5403 Katherine Ashton 306-741-5403 , É 8ĂŠÂœvĂŠ-ĂœÂˆvĂŒĂŠ ÕÀÀiÂ˜ĂŒĂŠĂŠ1-888-778-3933
m[ij[hd_dl[ijeh$Yec d[mi$WhY^_l[i$h[fehji$kfZWj[i 9edjWYj ki \eh ceh[ _d\ehcWj_ed0 ,&*#,,/#.+&& eh WZl[hj_i[6m[ij[hd_dl[ijeh$Yec
Saskatchewan B27
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
4BTLBUDIFXBO
Spectra seeking a partner
E
stevan-based Spectra Credit Union is looking for a merger partner or co-operative partnership opportunities, according to Tim Schroh, the credit union’s chief executive officer. “While Spectra is financially strong, the [Spectra] board recognizes the market pressures to stay competitive in an increasingly sophisticated and regulated industry,� he explained. Spectra is the sixth-largest credit union in Saskatchewan, based on assets with $700 million, while Conexus, based in Regina, is the largest, with $3.4 billion in managed assets, followed by Affinity Credit Union in the Saskatoon region with $2.7 billion. Schroh said Spectra is now of the size and strength to take advantage of its potential. Spectra currently has 160 employees within its 10 branches with a headquarters office in Estevan. Spectra boasts a membership of more than 20,000.
Immigration drives growth
was aiming for 2,800 nominations under the Saskatchewan Immigrant Nominee Program. This year, it is estimated that 4,000 immigrants will apply under the program, which would translate into up to 12,500 people arriving, or more than 1,000 each month. The majority of immigrants are from China, India and Pakistan, according to the province. Saskatchewan has also been successfully recruiting nurses from the Philippines, with 400 such immigrants registering since 2008. In a statement to the Saskatoon Star Phoenix, Premier Brad Wall had a simple explanation for the population spurt. “Saskatchewan is simply the best place in Canada to live, to work, to raise a family and to build a life,� said Wall. “More and more people are now discovering that and it is why our population is growing.� The census showed a steady rise in Western Canada’s population with Alberta and B.C. leading the curve. More than 10 million Canadians reside in the West. The western provinces added more than 766,000 residents between 2006 and 2011 and, for the first time, more people now live west of the Ontario than east of it, according to Census Canada figures.
Saskatoon offices lead sales pace
S
askatoon’s entire commercial real estate sector should remain strong this year, according to a forecast from Colliers International, but it is the office market that will lead the pace. askatchewan’s strong economy is drawTom McClocklin, president of Colliers ing workers and their families from McClocklin Real Estate Corp., said the around the world and the trend is permanently colouring the demographic picture of vacancy in all asset classes will remain low in 2012, rental rates will be stable or even rise Canada’s third-fastest-growing province. According to the latest census, population and development will continue in industrial, retail and office sectors. growth in the province hit 6.7 per cent over “For the first time in nearly three decades the last five years, compared with a negative growth rate of 1.1 per cent between 2001 and we are entering a major expansion of the office market,� McClocklin told an audience 2006. Saskatchewan welcomed more than 28,000 in Saskatoon, where he presented Colliers International’s 2012 Canadian Real Estate immigrants between 2006 and 2011, about Review & Forecast last month. “Traditionally three times the number of the previous five we haven’t been an office city. We’ve been an years, as well as some 12,000 in-migrants industrial and retail city.� from other provinces. In 2008, the province
S
QUIZNO'S FRANCHISE – SASKATOON s 5NIVERSITY (EIGHTS LOCATION s SEAT RESTAURANT s YEAR LEASE IN PLACE s !MPLE PARKING s 'ROSS REVENUE APPROX MONTH s -,3š
Slade Desrochers 306-222-9992 Saskatoon
slade@therealtyconsultant.ca www.therealtyconsultant.ca
-
'BSNMBOE QSJDFT SJTF BT PXOFST IFBE GPS UIF DJUZ
S
askatchewan saw record-setting growth over the past five years, with an increase in population of 65,224 being the highest since Statistics Canada began tracking population trends in 1956. The province’s population was 1,063,535 as of October of last year, the first time it has broken the one-million barrier since 1986. But the latest Canada Census also shows that the growth – ranked thirdhighest among all provinces – is primarily in Saskatchewan’s urban areas. Iconic image of abandoned Saskatchewan Rural municipalities saw an overall farmland: but prices are rising faster than population drop of .9 per cent, while anywhere else in Canada. resort villages fell 9 per cent. According to the census, Saskatoon grew 9.8 per cent, increasing to 222,189; Regina was up 7.7 per cent to 193,100; Prince Albert grew by 1,002 to 35,129; and Moose Jaw’s population increased by 1,142 to 33,274. The rural exodus has been ongoing for years in the province, but according toFarm Credit Canada, the value of farms continues to accelerate. Saskatchewan farmland values increased an average of 11.6 per cent during the first half of 2011, the highest average increase across Canada. This followed gains of 2.7 per cent and 2.9 per cent in the two previous reporting periods. Values increased by an average of nearly 2 per cent per month between January 1 and June 30, 2011, the Farm Credit survey found. “Demand significantly exceeded supply, as land in Saskatchewan is considered a safe investment and is currently providing a solid return� the report stated, adding that low interest rates have also helped sales. The largest price increases occurred in the northwest and southeast areas of the province, which experienced good crops and strong commodity prices in the fall of 2010. Factors impacting this increase included out-of-province farmers relocating to Saskatchewan to purchase competitively priced farmland, larger local producers expanding their land base, oil and gas influence (especially in the Bakken oilfield) and continued demand for heavy clay soils. Photo: Flickr
8)"5¤4 )"11&/*/( */
New office space being built in the city is barely keeping up with demand, he said. The downtown office sector had been slow until 2006 when demand and construction began to increase. By 2011 the downtown vacancy rate had fallen to just 2.5 per cent, among the lowest in Canada. “Demand for office space has been exceptional as existing tenants in Saskatoon require additional space and many new companies related to the resource and engineer-
ing sectors locate to our city,� McClocklin said. While much of the city’s recent economic growth can be traced to/related to potash mines, McClocklin said there are other factors at play. “We have multiple things driving our economy,� he said. “We have agriculture, uranium, diamonds, oil and gas, rare earth mineral plays and potential oilsands development.�◆ – With files from the Estevan Mercury
@EM<JKD<EK
FOR SALE FURNITURE STORE
*(' 8Zi\j f] Gi`d\ CXe[
Maple Creek, SK
CfZXk\[ Fe\ D`c\ Jflk_ f] Pfibkfe# JXjbXkZ_\nXe
BUSINESS & LAND
(&) D`c\ f] =ifekX^\ fe DXafi ?`^_nXp
Furniture store, established, proďŹ table 11 years in business.
8jb`e^ (#0,'#'''%''
Fantastic reputation.
FGGFIKLE@KP
Located in Historic building.
E`Zb KliXe`Z_ *'- ,0($---e`ZbkliXe`Z_7jXjbk\c%e\k
I<&D8O :IFNE I<8C <JK8K< CK;%
Call
306.741.4373
www.weswood-opportunity.com
LY
AL N O I DIT CON SOLD
INVESTMENT OPPORTUNITY Big River, Saskatchewan Building Size: 10,000 sq. ft. Land Size: 50 acres Originally planned as a Rona Store Sale Price: $330,000 Call: Davin Heiser
INVESTMENT OPPORTUNITY 1301 Central Avenue, Prince Albert, SK Building Size: 26,400 sq.ft. above grade Two Storey Building w/basement and elevator Income: $253,753.50/year net Sale Price: $2,195,000 Contact: Barry Stuart & Kelly Macsymic
ICR Commercial Real Estate icrsaskatoon.com ME
NT
INVESTMENT OPPORTUNITY Highway 9 South, Hudson Bay, SK Building Size: 39,380 sq. ft. Land Size: 18.88 acres New renovations completed, doors and insulation Sale Price: $1,900,000 Contact: Eugene Hritzuk & Davin Heiser
FOR SALE - GREAT LOCATION 3062 Millar Ave, Saskatoon, SK Building Size: 18,546 sq.ft. Land Size: 38,332 sq. ft. (0.88 acres) Sale Price: $2,750,000 Contact: Stacy Dybvig
'RZQWRZQ RIĂ€FH 1RUWK RIĂ€FH 5HJLQD RIĂ€FH
“Saskatchewan’s largest commercial real estate company�
B28
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
SPOTLIGHT “Gateway to the North� welcomes back forestry (again) after decade of shutdowns, exits
#JH 3JWFS TFDVSFT B OFX TBXNJMM WI STAFF
#JH 3JWFS 4, Photo: Town of Big River
WESTERN INVESTOR ig River is one of the few Saskatchewan towns where the population declined in the last five years, falling by about 100 people to 639, according to Census Canada, and a long Big River will have more than new signs. drop from the 3,000 that made it a brief boom town 100 years ago. But some things aren’t ation is stirring in the “Gateway to the North� measured in growth. after the latest investment in forestry.
#
Quad or boat a few hundred yards from Big River’s small centre, and you are deep in the Great Canadian wilderness, not unlike 80 years ago when the entire town was sold for $20,000 after the only sawmill – and reason for existence – went broke. Today, big-game fishing and hunting – elk, deer and bear – enthusiasts spend thousands of dollars to fly into Big River and head for the 100 lakes and boreal forest that surround it. Wealthy Albertans are building summer cottages on lakefront lots that cost less than a new truck. But, as Doug Panter, a semi-retired cattle rancher and reeve of theMunicipality of Big River, notes, more than tourism and recre-
Panter said Big River’s declining population could be directly traced to the closure of the local sawmill in 2006, which cost 140 people their jobs. Many workers headed for Fort McMurray or southern Saskatchewan, some leaving their families at home. There was a brief flurry of hope two years ago when Quebec-based Eacom Timber Corp. bought the shuttered Domtar sawmill, but Eacom couldn’t make a go of it. Eacom sold the mill on an “as is, where is� basis to B.C.-based Carrier Forest Products for $7.5 million in 2011. Last summer, Premier Brad Wall flew into Big River to announce Carrier would re-establish a mill complex.
Population 639 Average building lot $15,000 Lakefront lot From $50,000 Potential New sawmill to open; tourism The sawmill and planer mill development will employ up to 110 people directly when running at capacity and create many more jobs in harvesting, hauling and reforestation, Wall said.
.JMM SFPQFOJOH
The mill startup was expected this year, to coincide with the re-opening of the Prince Albert pulp mill, about a 90-minute drive south, but now it is looking more like full operations will start in 2013. The Big River facility will be a major supplier of woodchip feedstock for the Prince Albert mill when it starts up. Carrier president and CEO Bill Kordyban said, “The Saskatchewan forest industry has a bright future ahead, and Carrier looks forward to being an integral part of it.� “The mayor and community leaders were relentless in their efforts to see a sawmill pres-
ence back in Big River,� noted Energy and Resources Minister Bill Boyd, a recognition of a town that has come back from the brink many times before. “Big River is not dead, for sure,� Panter said, which would be success in itself after the last few years. House construction has restarted – albeit less than half-a-dozen homes in the past year – and Panter said there have even been some speculative land deals. Five years ago, Big River was offering lots for free to anyone who would build a house. Today, the city lots are selling for around $15,000. Recently, the town and surrounding municipality spent money to spruce up signage and waterfront walking trails to get ready for the tourist season. The town was also wired for high-speed broadband. There are certainly retail opportunities in the town. It has a small grocery store and a few specialty and clothing shops, but most families drive to Prince Albert or Saskatoon (480 kilometres round trip) for serious big-box shopping. Yet, with a new sawmill on the horizon and the fish still biting – you can catch fish from end of the Main Street – little Big River is angling for another century of survival.◆
4BTLBUDIFXBO )" *&&% --- &##! () &$ ) )" *&&% &##! () #& "#!% # )* * &('
&&(/(4$6,1* 57&&(55
< 7,/',1* 34(8,275/; 75(' $5 $
',564,%76,21 9$4(+275(
< ! 2) (:,56,1* 2>&( 21
<
! $8$,/$%/(
(/8,//( !64((6
!% --- &##! () &$ ( !% &$$ ( ! # #*. %
692 ?2245
<
$&4( 5,6( ,1 1'7564,$/
!' # !' # !"
$ "$ !"
)&% !&%/ " " & ( !"
,!% & %)&% % " !"
4($ < ,1,070 2) ! %$;5 < $;5 0$; %( &20%,1(' )24 /$4*(4 53$&( < "3 62 2) ($&+ %$; 9,// %( %7,/6 276 62 2>&( < :&/
4$55922' &4(5 < $&4(5 2) '(8(/230(16 /$1'
$56 24; &4(5 < ,4(&6/; 1246+ 2) $56 24;
1'7564,$/ $4. $33428(' < 2&$6(' 21 $'-$&(16 62 6+( )7674( < $&4(5 2) /$1' 3(4,0(6(4 +,*+9$; < 1&/7'(5 # 5624$*( %75,1(55 < != < % + % < != "$ !" < $/) $&4( 57%',8,5,215 &$1 %(
$15(/0$1 2746 <
! 2>&( %7,/',1* < 26 ,5 21 $&4(5 ,1 ,43246
75,1(55 ,564,&6
< !=
,!% & %)&% % " !"
B29
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
REGIONAL ROUNDUP $55 billion copper mining strike seen as a potential “game changer” for The Pas
.PUIFSMPEF
kGEOFF KIRBYSON WESTERN INVESTOR , he Pas may be sitting on a mining motherlode but some fear the town t of 5,500 is not ready to handle it. Initial geological reports of the Greenstone ,belt near the northern Manitoba community show significant potential – $55 billion over the next half-century is the number being thrown around – primarily of copper and zinc. That’s more than enough to get local officials pumped up about the future. Alan McLauchlan, the town’s mayor, isn’t predicting a 21st-century version of the California Gold Rush – substituting in copper and zinc, of course – but even if anything close to the mining potential is realized, there’s no doubt it will be a game-changer for The Pas. “We hear those numbers and we’re positioning ourselves for the impact of those numbers as a service centre and a residential hub for the mining sector,” he said. “We’re going to shift from a one-sector town [in forestry] to a multi-sector town. We’re on the brink of some really good things.” The mayor is predicting steady growth over the next five years and he and his council are taking steps to ensure the town beefs up its complement of doctors and other professionals to ensure it can be a service-centre hub for the north. “We want to be proactive on this. We don’t want to be, ‘God, it’s happening tomorrow. What do we do now?’ We’re warming up our crystal balls. It’s an exciting time for us up here,” he said. Ed Huebert, executive vice-president of the Mining Association of Manitoba, said the mayor should be optimistic as scientific evidence points toward an extension of the ancient volcanic rock that is the basis of all the mines in the nearby Flin Flon and Snow Lake areas.
Photos: City of The Pas
5
TOP LEFT: The Pasquia River first carried traders and trappers into The Pas 200 years ago. TOP RIGHT: The Pas, 630 kilometres northwest of Winnipeg, is in the same prime mineral belt that has produced high-value mines at Snow Lake and Flin Flon.
“It’s a fairly rare occurrence in this country,” he said. “It has very strong upside potential. It has the geological setting to be the next Snow Lake or Flin Flon mine. It’s great news. Now we’re trying to draw awareness to it and get some people drilling there and doing some exploration.” If what he believes to be there becomes reality, the need for a significant number of mining-related jobs will be immediate in the town of 5,500. “The mining sector has the highest-paying jobs of any sector in the province. Most mines have fairly small footprints but they can have a considerable amount of employment,” Huebert said. “We’re early days but very optimistic days.”
$FOUFOOJBM
The news will likely divert some attention away from the town’s upcoming centennial celebration this year as well as the 65th anniversary of its Trapper’s Festival, a February staple that features dog races, a beard-growing contest and a marathon snowshoe race. The town’s name reflects its trapping past: The Pas was short-
ened from the trading post of Fort Paskoyac. The Pas was incorporated in 1912,but its trading history dates to around 1795. Optimism about the future isn’t based solely on industry. The local campus of theUniversity College of the North is currently undergoing a multimillion-dollar expansion, including the
“We’re warming up our crystal balls. It’s an exciting time for us” construction of family residences at the school. Enrolment, which currently sits at around 400 students, is expected to increase by 5 per cent next year, McLauchlan said. “When you’re looking at the development of a community, you have to have a strong educational component. That brings high-paying jobs and students and we certainly support that,” he said. Located about 630 kilometres northwest of Winnipeg near the Saskatchewan border, The Pas services a trading area between 15,000 and
20,000 people within a 100-kilometre radius.
5JHIU IPVTJOH
But not everybody shares the mayor’s optimism. Ed Klimchuk, owner of Re/Max in The Pas, said he’d love it if a couple of new mines were to suddenly spring up but he’s wor ried that the town doesn’t have the necessary infrastructure to support the growth. “We wouldn’t be prepared to handle it. There would have to be some pretty major development. We’d definitely need more housing,” he said. “Right now, the community is having a hard time [meeting the need] with what we’ve got. Our vacancy rate is near zero. It’s tight, it’s really tight.” He said The Pas lacks a serviced subdivision that could provide water and sewer for new homes. On top of that, there are no more than 15 business lots that are serviced and available. “Everybody is investing their money in Winnipeg and Brandon,” he said. “It’s too bad we can’t get some of that investment. It’s pretty
Please see Upgrades page B30
.BOJUPCB
DONE DEALS 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.
CHECK OUT
www.arleneklassen.ca for Lakeshore, Acreages, Residential in Beautiful Southwestern Manitoba starting @ $19,500
City Benefits With Lower Taxes · Commercial lots ½ mile from City of Winnipeg · Hwy# 1 exposure · Serviced with sewer, water & gas · No business tax here · 1 ½ acre lots starting at $235,000 · Restaurant pad site available beside Motel 6
THEN CALL
Arlene Klassen 1-204-523-6092 www.century21.ca/arlene.klassen
Call Bob 204.392.9968
Century21 Westman.com
NOW SELLING! MANITOBA OPPORTUNITIES
Please send us the following information:
FRANK O'BRIEN Editor
UÊ UÊ UÊ UÊ Ê Ê UÊ UÊ
7 >ÌÊÜ>ÃÊà `Ê ÀÊ i>Ãi`¶Ê 7 ÊÜ>ÃÊÌ iÊÛi ` ÀÊ vÊ« Ãà L i®¶Ê 7 ÊÜ>ÃÊÌ iÊLÕÞiÀÉÌi > Ì¶Ê vÊÌ iÊ > iÊ vÊÌ iÊLÕÞiÀÊ ÃÊV wÊ`i Ì > ]Ê« i>ÃiÊ Ìi ÊÜ >ÌÊÌÞ«iÊ vÊLÕÞiÀÊ °i°]Ê, /]Ê ÃÌ ÌÕÌ > ]Ê V> Ê ÛiÃÌ À]Êv Ài } Ê ÛiÃÌ À]Ê Ü iÀÉLÕ `iÀ®Ê 7 ÊÜ>ÃÊÌ iÊ ÃÌ }Ê>}i ÌÉ>}i VÞ¶Ê 7 >ÌÊÜ>ÃÊÌ iÊÃi }Ê«À Vi¶
Please forward this information directly to Frank O’Brien, Western Investor Editor at wieditor@biv.com.
www.westerninvestor.com 1-800-661-6988
s )NVESTMENT /PPORTUNITY s .EWER SIX SUITE APARTMENT BLOCK s !LL TWO BEDROOM APARTMENTS s 4ENANTS PAY HEAT AND LIGHT s 'OOD PARKING s 6ERY GOOD CAP RATE
TED TEMPLE
1-204-725-8855 ttemps@mts.net
S
D L O
s 6ERY ATTRACTIVE CHARACTER BUILDING LOCATED IN DOWNTOWN "RANDON -ANITOBA s -AIN mOOR FEATURES TWO COMMERCIAL SPACES s 3ECOND mOOR WITH lVE RENOVATED RESIDENTIAL APARTMENTS s &IVE UNDERGROUND PARKING STALLS s 6ERY WELL PRICED
Royal LePage Martin-Liberty Realty Office: 204-725-8821
JEFF TEMPLE
1-204-724-3980 jefftemple181@hotmail.com
B30 Manitoba
www.westerninvestor.com MARCH 2012WESTERN INVESTOR
MOTEL: 12 ROOMS, RESTAURANT, HALF HOUR DRIVE OUT OF WINNIPEG. WIND TURBINE COUNTRY. PRICE $499,000.00 MOTEL: 17 ROOMS, RESTAURANT LEASED OUT, PUB, VLT’S , WIND TURBINE COUNTRY. PRICED TO SELL MOTEL: 79 ROOMS, FLAG, NEW, TRANS CANADA HIGHWAY, PRICE $7,900,000.00 “WE HAVE RESTAURANTS, GAS STATIONS, GROCERY STORES, INVESTMENT PROPERTIES, FOR SALE AND IF WE DO NOT HAVE IT WE WILL FIND IT.�
Century-21 Westman.com Brandon, MB
Direct Line: 204-729-5074
Email:
mmelnyk@mts.net
Subscribe 1-800-661-6988
www.westerninvestor.com
61(3"%&4 from B29
2VJDL GBDUT
blue collar here.â€? The average house in The Pas is a 1,100MANITOBA to-1,200-square-foot bungalow with three bedrooms, a full basement and a garage with THE PAS a price tag of about $122,000. That’s up from âœŞ about $111,000 and $99,500 over the past two To Winnipeg years, Klimchuk said. But supply is limited. 283 (630 Km) “If you were to come to town today, I’d 10 have three homes to show you and they’re all $200,000 plus. For young people in the Westray $120,000 market, we have no product. Nobody is selling,â€? he said. The mayor said town officials are aware of the potental housing shortage and are cur5IF 1BT .# rently negotiating with developers to build up the housing stock. Population 5,500 Klimchuk said things are very quiet on the Average house price $122,000 commercial side of things, too. He’s not surApartment rental rate “Near zeroâ€? prised because Wal-Mart and Canadian Tire Main employer Tolko Industries (pulp were interested in expanding to The Pas a few and paper mill.) years ago but were stymied in their efforts. “We turned them away. We wouldn’t provide what’s going on right now,â€? he said. the land they wanted so they went to Flin Flon The town is also spending on infrastructure. instead, which welcomed them with open arms. A wellness centre, which shares the same roof We get a lot of traffic headed to Flin Flon now,â€? as the town’s hockey arena and curling club, he said. was opened two years ago. The full-sized gymMcLauchlan said the optimism about the nasium features an indoor walking track, free town’s future is rippling throughout the com- weights and cardio equipment. There’s also a munity in a way he hasn’t seen in a long time. new 15-kilometre lighted riverside walking “More than ever, people are starting to say, path in town. ‘We need to work on things, get together as a “All of this is what makes our community group and do what’s right for our town.’ Even if attractive to other people and retains our curI wasn’t the mayor, I’d be pretty excited about rent residents,â€? the mayor said.â—† SASKATCHEWAN
MOTEL: 60 ROOMS PLUS, RESTAURANT, LOUNGE, VLT’S TRANS CANADA HIGHWAY . PRICE $3 MILLION PLUS
Winnipeg RealEstate Forum #'&/'3&$9 12+-
; #+//+1') 0/6'/4+0/ '/42' /6'34.'/4 '6'-01.'/4 $/& '$3+/) "2'/&3 110245/+4+'3 / 4*' ((+%' '4$+- /&5342+$- $/& 1$24.'/4 $2,'43
0+/ 06'2
8'%54+6'3 !'33+0/3 !1'$,'23 5/%*'0/ !1'$,'2
025. *$+2.$/
4$8'3 5/4+- $2%* 4$8'3 $(4'2 $2%* 02 .02' +/(02.$4+0/ 777 2'$-'34$4'(025.3 %0. $/& %-+%, 0/ :#+//+1')< 02 %$--
'84 Media Sponsor:
Jeoffrey Chipman President & CEO Stevenson Group Inc. 12-011A
Photo: Linda Barringer
Mark Chipman Chairman True North Sports & Entertainment Ltd., and Chairman & Governor Winnipeg Jets
!" "
www.westerninvestor.com
Franchises B31
WESTERN INVESTOR MARCH 2012 www.westerninvestor.com
Photo: Paul Casselman
Mover franchise may save lives
Training session simulates using a defilibrator, now on board most Two Men and a Truck vehicles.
A
ll Two Men and a Truck moving trucks are now equipped with defibrillators as part of the “Mikey on Board� program of the Mikey Network. Working with emergency medical services, Two Men and a Truck Canada drivers and staff have been trained to use a Mikey, a portable defibrillator that is credited with saving 12 lives across Canada. The Mikey Network, a registered Canadian charity, is committed to helping people who experience sudden cardiac arrest. The use of a public-access defibrillator by trained responders within the first moments can improve a heart attack victim’s survival rate by up to 75 per cent, according to the network. Having the machines in Two Men and a Truck vehicles increases the chances of making one accessible when the unexpected happens, explained company spokesperson Dan Hopkins. There are currently 63 Two Men and a Truck-branded vehicles on the road. Each moving truck has special logo signage indicating there is a “Mikey on Board.� “We hope we never have to use these Mikeys, but when you consider the physical
nature of moving, it makes sense to have defibrillators on our trucks, in case our movers or families involved in a move have a problem. So with our trucks on the road, we are now in a position to be able to respond should someone need help,� Hopkins said. Two Men and a Truck, in business for over 25 years, currently operates in the United States, Canada and Ireland with 220 locations. It is now moving into Western Canada, Hopkins said. Average franchise costs are in the area of $300,000, which includes training, equipment and two trucks.
Small farmer eyes franchise
S
unshine Coast gardener, mother and entrepreneur Nicole Huska, 29, wants to grow the concept of small-scale urban farming into a British Columbia-wide franchise but she admits she first has to nudge back-to-the-land thinking into the business mainstream. Urban farming has caught hold in Vancouver and across the province, but Huska notes that it is primarily small scale with an emphasis less on profit than on healthy food. Huska, who owns the two-acre Nicoles’ Farm at Halfmoon Bay, B.C., a 15-minute drive north of Sechelt, has sketched out a much wider business plan. Huska envisions scores of homeowners turning over a portion of their property for fruit and vegetable production for a share of the harvest. A further incentive to land owners, she said, is that farming may qualify the property for a lower property tax rate. Huska, with her partner, also owns a construction business, and explains she would provide deer-proof fencing, raised garden beds and the labour to grow and harvest the
D
uring a time where the local pub is trying to keep its head above water, Lower Mainland franchise Wings Restaurant and Pub is flying – and still gaining altitude. new location at 1618 Yew Street is opening in the spring of 2012, and the management hopes to tap into the growing local nightlife. Famous for – you guessed it – chicken wings, the franchise offers 20 different Wings Restaurant and Pub taking over old flavours of wings, each inspired by a King’s Head Pub site in Kitsilano. unique global hotspot. Wings Restaurants and Pub has also recently updated its menu to add “spiced up� menu options. Yew Street in Kitsilano, just off of the popular shopping destinations of West Fourth Avenue and West Broadway Avenue, is a budding zone for restaurants and the interest from franchises adds to this reputation. However, several longtime restaurants have closed down in the area recently. Wings, for instance, will take over space vacated by the venerable King’s Head Pub. With six locations in Surrey, Abbotsford, Coquitlam, White Rock, Burnaby and downtown Vancouver’s Granville Street, Wings has covered almost every corner of the Lower Mainland. No official information was available on the cost of a Wings Restaurant and Pub as of press time. Photo: Kevan O’Brien
News, views and updates on Canada’s franchise industry
8JOHT GSBODIJTF MBOEJOH JO ,JUTJMBOP
A
food. There are already agreements in place with the independently owned Marketplace IGA in Gibson and Clayton Foods in Sechelt to “buy everything I can deliver,� Huska said. “It will sell,� said Bob Hoy, owner of the Marketplace IGA. “I believe if she’s able to produce a good-quality product locally on the Sunshine Coast, we’ll be able to sell it no problem at a fair market price.� Hoy said grocers crave local produce all year long. Huska estimates that her intensive small farming can yield up to $100,000 per acre in produce, based on sales to grocers and through local garden markets. By rotating vegetables with specialty herbs and using greenhouses, she said Nicole’s Farms would be an all-season venture. Ward Teulon, owner of City Farm Boy, among the first and one of several small urban farmers in Vancouver, agrees it is possible to gross $100,000 from an acre of vegetables, but he cautioned that a large operation involv-
ing many landowners could be expensive and risky. Ward, who farms six gardens on Kitsilano residential lots and sells directly to customers from his own backyard, added that grocery stores pay far less than a farmer can earn dealing directly with consumers. “I can easily sell $10,000 to $15,000 in vegetables during the season,� said Teulon. Typically, grocers will pay a producer 50 per cent to 70 per cent of the retail value. Teulon once had 17 lots running across Vancouver, but found that the stress of dealing with owners and neighbours [“gardens are messy and we had complaints�] and paying for labour required more work than he was willing to handle. “Most small [vegetable] farmers are not business tuned,� Huska, who plans to have 300 beds planted this year, said. “But just because you’re a small farmer doesn’t mean you have to be poor.�◆ – Compiled by Kevan O’Brien
NEW Franchise Opportunities !
# " " +& " " # %( &&#%* '#% &
(" ( % ' ) % " & % && " $ ($+& " +& #% #% " #% ! *
FRANCHISE WITH EXPERIENCE A franchise partnership with DQÂŽ, a Berkshire Hathaway Company, enables you to enjoy the benefits of a well-established family of concepts such as: UĂŠĂˆĂ¤ÂłĂŠĂži>Ă€ĂƒĂŠÂœvĂŠvĂ€>˜VÂ…ÂˆĂƒÂˆÂ˜}ĂŠiĂ?ÂŤiĂ€Âˆi˜Vi UĂŠ-ĂŒĂ€ÂœÂ˜}ĂŠLĂ€>˜`ĂŠĂ€iVÂœ}Â˜ÂˆĂŒÂˆÂœÂ˜ UĂŠ-Ă•LĂƒĂŒ>Â˜ĂŒÂˆ>Â?ĂŠÂŤĂ•Ă€VÂ…>ĂƒÂˆÂ˜}ĂŠĂƒĂŒĂ€i˜}ĂŒÂ…ĂŠ>˜`ĂŠ>`Ă›iĂ€ĂŒÂˆĂƒÂˆÂ˜}ĂŠÂŤÂœĂœiĂ€ UĂŠ Ă?ViÂŤĂŒÂˆÂœÂ˜>Â?ĂŠvĂ€>˜VÂ…ÂˆĂƒiĂŠĂƒĂ•ÂŤÂŤÂœĂ€ĂŒĂŠĂƒiĂ€Ă›ÂˆViĂƒ Our Vision for the Future “We will be the franchise food system of choice!â€?
Phone:
CONNIE WOLBAUM
CHRIS FALLE
FRANCHISE DEVELOPMENT MANAGER AB/SK
DIRECTOR OF FRANCHISE DEVELOPMENT BC/MB
306-949-7889
Email:
connie.wolbaum@idq.com
Phone:
(604) 952-0202
www.dairyqueen.com
Email:
chris.falle@idq.com
Grow with us in Kelowna, Vernon Jubilee Hospital, Calgary, Aidrie, Okotoks, Edmonton, Grande Prairie, Saskatoon, Regina & Winnipeg
Are you an entrepreneur? Coffee lover? Service specialist? Talk to us about joining our franchisee network – over 350 cafÊs strong across Canada.
1-800-569-6318 franchising@secondcup.com www.secondcup.com
CONTACT ROBERT SKINNER:
MEMBER
Independently owned. Uniquely Canadian.™
robert@cap-it.com Visit www.cap-it.com
B32
www.westerninvestor.com MARCH 2012 WESTERN INVESTOR
Get the 7V^LY.
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. ;V ]PL^ JVTTLYJPHS WYVWLY[PLZ VY ÄUK H 9, 4(? *VTTLYJPHS practitioner near you, visit JVTTLYJPHS YLTH_ ^LZ[LYU JH ,HJO VMÄJL PZ PUKLWLUKLU[S` V^ULK HUK VWLYH[LK