7 CONFIDENCE IN THE CARIBOO
Return to mining roots seen route to prosperity
▲ 15 SPENDING OIL MONEY WISELY
Grand Prairie invests in upgrading amenities
South Saskatchewan hamlet ringed by giant employers as heavy industrial zone expands
24 VILLAGE OF THE MONSTERS
25 REBRANDING OF BRANDON
Rush of immigrants, investors force change in a fast-growing city SPECIAL SECTION • A16
LIFESTYLE PROPERTIES
PUBLICATIONS MAIL AGREEMENT 40069240
$334,900
Brokerage and Sales by Multiple Realty Ltd. Prices are subject to change without prior notice.
Copyright 2012 © | Cultus Country Investments Ltd.
Open daily from noon-5pm (except Wednesdays) 1777 Columbia Valley Rd. Lindell Beach, BC
Discovery Centre & 3 Display Cottages
1.877.888.4950 | www.CultusLakeCottages.com
THE COMMUNITY IS 70% SOLD OUT. NOW SELLING PHASE 3. REGISTER TODAY. PRIORITY VIP CODE: WINP3
A Selection of Move In Ready Cottages Available this Spring!
starting from
SINGLE FAMILY COTTAGES
Time is passing you by. What are you waiting for?
t 5BY 3FCBUF PO BMM $PUUBHFT t /FX 1SJDJOH BOE /FX 'MPPS 1MBOT t 5PUBM 4BWJOHT PG VQ UP t )JTUPSJDBMMZ -PX .PSUHBHF 3BUFT
Perfect Place, Perfect Timing
drive from downtown Vancouver brings you to The Cottages at Cultus Lake. It feels like a world apart. The lush green forests, breathtaking mountain views, clean fresh air and clear starry nights—it’s the great outdoors right at your doorstep.
A mere 90-minute
Beyond Expectations. So close to home.
Williams Lake Mayor Kerry Cook providing tax breaks even as developers drive building permits higher
RETURN UNDELIVERABLE CANADIAN ADDRESSES TO CIRCULATION DEPARTMENT: 102 EAST 4TH AVENUE, VANCOUVER, B.C. V5T 1G2
$4.29 JUNE 2012 Vol. 27/Issue 6 INTERIOR B.C. • ALBERTA • SASKATCHEWAN • MANITOBA SECTION
B2 Interior British Columbia Colliers International Centre Group Commercial Realty Kelowna, B.C. 250.763.2300
www.westerninvestor.com JUNE 2012WESTERN INVESTOR
Colliers International Centre Group Real Estate Services Kamloops, B.C. 250.372.7000
www.colliers.com/kelowna
Indoor Car & Truck Wash w/ C-Store
SOPA SQUARE
DOWNTOWN VERNON
s 'AS 3TATION WITH # 3TORE s #OMMERCIAL #ARDLOCK s 0ROPANE #ARDLOCK
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
s SQ FT BUILDING W UNDERGROUND PARKADE FIXTURE RESTAURANT LIQUOR PRIMARY LICENSE Reduced to: $1,695,000 Highway 97 @ 43rd Avenue, Vernon s SQ FT RESTAURANT WITH PATIO &OR 3ALE OR ,EASE JEFF HUDSON* www.bcip.ca
JACK SHABBITS & ERIC WEBER*
0%23/.!, 2%!, %34!4% #/20
MIKE GEDDES*
1940 UNDERHILL ( SCHOOL DISTRICT 23 KELOWNA )
MULTI TENANT INDUSTRIAL PENTICTON s .ATIONAL TENANTS n 3TUTTERS $(,
s 3UPERIOR LOCATION n ACROSS THE STREET FROM /RCHARD 0ARK -ALL s 0OTENTIAL TO REZONE TO MIXED USE COMMERCIAL HI RISE MULTI FAMILY s ACRES ON RELATIVELY FLAT SITE List Price: $6,900,000
3ERVICE -ASTER s SQ FT #!0 2ATE List Price: $2,900,000
s SF BUILDING ON ACRE *%&& (5$3/. -!23(!,, -#!.%2.%9
364 LOUGHEED ROAD, KELOWNA
BC FRUIT PACKING PLANTS
s YIELD ON ./) OF ANNUM s 3INGLE TENANT n NEW YEAR LEASE s SQ FT MAIN SQ FT MEZZ List Price: $1,022,200
TOWER RANCH GOLF COURSE
List Price: $2,690,000 %2)# 7%"%2 *!93/. -##!24(9
KAMLOOPS WAREHOUSE
s 3INGLE FAMILY TOWNHOUSE MULTI FAMILY s -AXIMUM OF UNITS List Price: $11,500,000
s SQUARE FOOT REFRIGERATED WARE HOUSE W SQ FT CONSTRUCTED AS FREEZER SPACE $OCK GRADE LEVEL LOADING ACRE SITE TENANTED
-ARSHALL -C!NERNEY #HAD "IAFORE
List Price: $1,895,000 ,!229 '//$
247 BRIDGE STREET, PRINCETON
955 TIMMINS STREET, PENTICTON
s &ACILITIES AVAILABLE IN $OWNTOWN +ELOWNA #LEMENT !VE 6AUGHAN 3T
3UMMERLAND .ARAMATA AND /YAMA
s SQ FT BUILDING FORMER GROCERY STORE s ON SITE PARKING STALLS SITE COVERAGE ON ACRE
%2)# 7%"%2 -!23(!,, -#!.%2.%9
List Price: $1,175,000 "/" '!5,%9
-ARSHALL -C!NERNEY #HAD "IAFORE
0%23/.!, 2%!, %34!4% #/20
230 CARION ROAD, WINFIELD s SQ FT TILT UP INDUSTRIAL BUILDING ON ACRES s SQ FT OF OFFICE SPACE ON FLOORS
s SQ FT MANUFACTURING PLANT ACRE SITE List Price: $5,950,000
PRINCETON INDUSTRIAL PARK s &ULLY SERVICED LOTS RANGING FROM TO ACRES $125,000 / acre -)+% '%$$%3
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
Jody L. Miller
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
www.syberrealty.com
OKANAGAN RV PARK s ,OCATED !CROSS THE 3TREET FROM ,AKE /SOYOOS s !CCESS TO "EAUTIFUL 3ANDY "EACHES s 3ITES PLUS #ABANAS ON !CRES s 7ONDERFUL "EDROOM #HARACTER (OME s /PERATES FOR LESS THAN -ONTHS AND -AKES $ 1,199,000
GROCERY / C-STORE s -ERRITT .EIGHBORHOOD 3TORE s 'REAT ,OCATION NEAR 3CHOOL AND !PARTMENTS s 2ENOVATED AND ,IVING !REA !DDED IN s 4AKE OUT +ITCHEN !REA FOR 0IZZA OR !NY &OOD s 6ERY .ICE 2ESIDENCE 3OLID "USINESS $ 849,000
GARDEN CENTER s /LIVER IN THE 3UNNY /KANAGAN s *UST UNDER 6ERY WELL /RGANIZED !CRES s "ERRY #ROPS FOR 2ESALE 'REENHOUSES 2ETAIL !REA s .ICE "EDROOM (OME &ERTILIZER &RANCHISE s 'REAT &AMILY "USINESS /PPORTUNITY $ 988,000
REVELSTOKE BC s 7HAT AN !WESOME 0ACKAGE ON !CRES s 5NIT ,ODGE (OTEL WITH 0OOL 0UB 2ESTAURANT s #ABINS MANY THAT 3LEEP OR -ORE s !LSO )NC 3NOWMOBILE 2ENTAL 4OURING "USINESS
s #OMPLETE WITH "ACK #OUNTRY 4ENURES s 4HIS IS AN %XCEPTIONAL "USINESS $ 3,399,000
WATERFRONT RESORT s .EARLY !CRES ON 0INANTAN ,AKE s /NLY -INUTES FROM +AMLOOPS s 7ONDERFUL (OME #ABINS 7ATERFRONT s ,AKE 6IEW 26 3ITES %XCELLENT &ISHING s :ONING !LLOWS FOR -OBILE (OME 0ARK s "RING 9OUR )DEAS THERE S 2OOM TO %XPAND Just $ 200,000 to $ 2,090,000!
OSOYOOS RESTAURANT s 6ERY 0OPULAR n %STABLISHED 0LUS 9EARS s 3TEAK 3EAFOOD 0IZZA ,ICENSED FOR s 'OOD ,EASE IN PLACE UNTIL s "ANQUET 2OOM 6ERY 7ELL %QUIPPED s /PEN FOR $INNER /NLY AND #LOSED *ANUARY s 'REAT "USINESS TO ENJOY THE /KANAGAN ,IFESTYLE $ 295,000
MERRITT MOTEL s 5NITS WITH -ANY 5PGRADES s .EW 3IDING 46 S SOME &URNITURE s 3EPARATE "EDROOM (OME s 3OLID 3ALES AND -ERRITT IS "USY s "UY NOW FOR 3UMMER "USINESS $ 779,000
CENTRAL BC RAMADA s 5NITS WELL #ARED FOR 5NITS s "EDROOM /WNER S 3UITE s )NDOOR 0OOL 'REAT ,OBBY 3OLID 2EVENUE s 7ALK TO 2ESTAURANTS #ASINO (OSPITAL $ 1,995,000
12 MORE MOTELS
OKANAGAN LIQUOR STORE s ,AND "UILDING AND "USINESS s %XCELLENT ,OCATION AND 0ARKING s ,IQUOR 3TORE 2OOMS 0UB AND #AFÏ s 3ELLER MAY #ARRY A &IRST -ORTGAGE $ 999,000
CRANBROOK s 5NIT -OTEL ON "USY (IGHWAY s "EDROOM /WNERS 3UITE s -ANY 2ECENT 5PGRADES s /UTDOOR 0OOL 7ALK TO 2ESTAURANTS s 3OLID "USINESS -AKES -ONEY $ 1,275,000
5NITS IN #LINTON
5NITS 'RAND &ORKS
5NITS IN 3ALMON !RM
5NITS 3HOP #HRISTINA ,AKE
5NITS #RESTON
5NITS !INSWORTH (OT 3PRINGS
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5NITS IN -ERRITT
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$0/5&/54 +6/& */5&3*03 # $ Â… "-#&35" Â… 4"4,"5$)&8"/ Â… ."/*50#" 4&$5*0/
FEATURES 7 0/ 5)& $07&3 $BSJCPP¤T OFX HPME SVTI
On the cover Willams Lake Mayor Kerry Cook on site at new Prosperity shopping centre construction project. Photo: Geoff Moore
Mining, not damaged forests, seen as key to prosperity
15 (SBOEF 1SBJSJF JOWFTUT UP ESBX XPSLFST
Resource income pays for outstanding public places Download a PDF of all our Regional Roundups online at www.westerninvestor.com
23 'JTIFSJFT "DU DIBOHF FBTFT GBSNFS GFBST
Ottawa realizes a drainage ditch is not fish-bearing river
24 (JBOU QMBOUT SJOH UJOZ 4BTLBUDIFXBO UPXOT
Belle Plaine has 70 residents and about 1,000 workers
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McLaughlin Commercial Group - RE/MAX Commercial - RE/MAX Kelowna
D D E L S O A S E L HIGH EXPOSURE STRATA OFFICE/RETAIL LOCATION
INDUSTRIAL STRATA UNIT AVAILABLE
D L SO
SERVICE COMMERCIAL STRATA UNIT
$SSUR[ 6) RQ WKH PDLQ ÀRRU DQG /RFDWHG QHDU 5HLG¶V &RUQHU DQG PLQXWHV $SSUR[LPDWHO\ VTXDUH IHHW ZLWK 6) RQ WKH PH]]DQLQH OHYHO away from Kelowna’s International Airport. KLJKZD\ IURQWDJH DQG QHLJKERULQJ QDWLRQDO =RQHG , ([FOXVLYH ORDGLQJ GRFNV DQG =RQHG & $SSUR[ 6) ZLWK PXOWLSOH WHQDQWV LQFOXGLQJ 7LP +RUWRQ¶V &LWL )LQDQFLDO ¶[ ¶ RYHUKHDG GRRU 0XOWLSOH LPSURYHPHQWV RI¿FHV UHFHSWLRQ DUHD ZDUHKRXVH DQG DQG WKH %DQN RI 0RQWUHDO DOUHDG\ LQ SODFH ERDUGURRP [ ¶[ ¶ 2YHUKHDG GRRU Asking: $5,000.00 per month + NNN + HST
Asking: $355,000.00 + HST MLS®
Asking: $299,900.00 plus HST MLS®
6ROVWLFH 6SD ORFDWHG LQ WKH DZDUG ZLQQLQJ IRXU VHDVRQ 1.¶0,3 5HVRUW 7XUQ NH\ SDFNDJH ZLWK DQ DOUHDG\ SURYHQ ORFDWLRQ Asking: $286,000 plus HST MLS®
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KETTLE VALLEY OFFICE SPACE AVILABLE FOR SUB-LEASE
TWO SIDE-BY-SIDE INDUSTRIAL STRATA UNITS AVAILABLE
Your First & Last Call!
Approximately 1,998 square feet of strata warehouse space with two 12’ overhead doors, 3-phase power and a 3-piece washroom already installed. Minutes from Kelowna’s International Airport.
5DUH IXOO\ LPSURYHG RI¿FH VSDFH DYDLODEOH LQ the heart of Kettle Valley. Various size RSWLRQV DYDLODEOH IURP VTXDUH feet. Rates from $23.00 Per Square Foot MLS®
Asking: $325,000.00 + HST MLS®
HIGH-END, OPERATING SALON & SPA OPPORTUNITY IN THE OKANAGAN
OPERATING SALON & SPA NK’MIP RESORT, Osoyoos, B.C.
LEASE OFFERINGS
$FWXDO UHYHQXH RI 0 IRU 3URMHFWHG UHYHQXH RI RI 0 IRU 7XUQ NH\ RSSRUWXQLW\ ZLWK D VWXQQLQJ QHZO\ UHQRYDWHG layout with multiple salon chairs, spa treatment rooms, manicure and pedicure RSWLRQV +DV WKH DELOLW\ WR KRVW ZHGGLQJ SDUWLHV JURXSV FRXSOHV DQG DOO GD\ SDFNDJHV Asking: $445,000.00 + HST Exclusive
- Kelowna
INDUSTRIAL 6) 6)
- Kelowna - West Kelowna - Vernon - Lake Country
RETAIL/OFFICE 6) 6) 6) 6) 6)
- Kelowna
SERVICE COMMERCIAL 6) 6)
Ken McLaughlin, B.Comm. - 250.870.7845
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3DQGRV\ $UHD /RZHU 0LVVLRQ COMMERCIAL STRATA UNIT FOR LEASE 'RZQWRZQ .HORZQD CENTRAL LOCATION 0DLQ )ORRU 6KHOO 8QLWV 6RXWK 9HUQRQ +LJKZD\ $SSUR[LPDWHO\ VTXDUH IRRW PDLQ OHYHO 5HWDLO 3DGV 6LWHV DQG D ERQXV VTXDUH IRRW PH]]DQLQH OHYHO 6RPH LPSURYHPHQWV LQFOXGH PXOLWSOH RI¿FHV ERDUGURRP ZDVKURRPV DQG D ODUJH &RPPHUFLDO ,QGXVWULDO 0L[ VWRUDJH DUHD 2I¿FH Asking: $5,600.00 per Month + HST & NNN
Kris McLaughlin - 250.870.2165
B4 Interior British Columbia
www.westerninvestor.com JUNE 2012WESTERN INVESTOR
Baskin Robbins Kamloops, BC
GREAT OPPORTUNITY FOR MIXED-USE DEVELOPMENT In Midway, B.C., minutes from the US border. This property is located on the Kettle River with over a kilometer of riverfront in a beautiful east to west running valley. 45+/- acres comes with a modern 6,000 square foot office building. Make offer
BUSINESS FOR SALE
$219,000
UÊ/ iÊ7", ½-Ê , -/ÊV > Ê vÊ ViÊVÀi> ÊëiV > ÌÞÊà «ÃtÊ UÊ/ÕÀ iÞ]Ê ÃÌ>L à i`Ê Õà iÃÃÊ"«« ÀÌÕ ÌÞÊv ÀÊ ViÊ Ài> Ê À> V Ãi° UÊ } Ê/À>vwVÊ V>Ì ÊLià `iÊ iÜÊ LÀ>ÀÞ]Ê `>ÞÊ ÊEÊ-Õ ÌiÃ]ÊÊ > `Ê£x£Ê,ià `i Ì > Ê ` Ã°Ê UÊ ÕÀÀi ÌÊ"Ü iÀÃÊÜ }ÊÌ ÊÌÀ> ÊEÊ>Ãà ÃÌÊÜ Ì ÊÃÌ>ÀÌ Õ«°Ê
Contact Quintin @ 406-375-4280 or email Quintin@foxlumber.com
Mona M. Murray Dip. ULE, RI (BC), CPM 250-372-2277 mona@mcmrealestate.ca
www.mcmrealestate.ca OKANAGAN – B.C. INTERIOR I N V E S T M E N T
K E L O W N A ,
9 UNIT
B C
O P P O R T U N I T I E S
CHRISTINA LAKE CAMPGROUND UÊÇxÊ- ÌiÃÊÜ Ì Ê Õ ÊEÊ*>ÀÌ > Ê-iÀÛ Vià UÊ{° £Ê VÀiÊ Vi ÞÊ/Àii`Ê*À «iÀÌÞ UÊ ÃiÊÌ Ê >À}iÊ«ÕL VÊLi>V UÊ >ÃÞÊ>VViÃÃÊ vvÊ } Ü>ÞÊÎ UÊ Õ Êv>V Ì iÃÊ V Õ` }Ê« UÊ ÝVi«Ì > ÞÊÜi Ê > Ì> i` UÊ"«iÀ>ÌiÃÊ >ÞÊ£ÊÌ Ê-i«Ìi LiÀÊ£x UÊÊ*iÀviVÌÊv ÀÊÃi ÊÀiÌ Ài`ÊV Õ« i Asking Price $699,000
FIRST TIME ON THE MARKET IN OVER 20 YEARS !
APARTMENT BUILDING ➢
FOR SALE
Located on Harvey Avenue (Hwy. 97) in Downtown Kelowna
VERNON SELF STORAGE BUSINESS OPPORTUNITY YOUR CHOICE OF TWO PURCHASE OPTIONS Option 1 Business Only Lease Land & Buildings 9.5% Rate of Return Asking Price $1,899,000
➢
Re-development Site OCP Supports Higher Use
➢
Option 2 Business plus Land & Buildings. 7.7% Rate of Return Asking Price $4,199,000
Two Year Old Boiler, Newer Roof
$860,000 GARY BOWKER BUS. (250) TOLL FREE
763-4343 1-888-KELOWNA gbowker@coldwellbanker.ca MLS©10047093
1-800-661-6988
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UÊÓ°Ç£Ê VÀiÃÊUÊ, Êv ÀÊ Ý«> à UÊÓÈÓÊ1 ÌÃÊ« ÕÃÊn£Ê-Ì À>}iÊ Ì> iÀà UÊ VÀiÌiÊL V ÊV ÃÌÀÕVÌ UÊ ° °Ê/ «Ê£äÊ1 >Õ Ê V>Ì
PRIME FARM-HOLDING LAND 21.8 ACRES OSOYOOS UÊÊ À iÀÊ- ÌiÊ Ê } ÊÌÀ>vwÊV]Ê } Ê iÝ« ÃÕÀiÊ V>Ì ÊÜ Ì Ê£äää³ÊvÌ°Ê } Ü>ÞÊÎÊvÀ Ì>}iÊUÊ/ Ü ÊÃiÜiÀÊ EÊÜ>ÌiÀÊ>ÌÊ ÌÊ iÊUÊ6iÀÞÊV ÃiÊÌ Ê > i UÊ ÕÃiÊEÊ «iÀ>Ì }Ê ÀV >À`
DEVELOPMENT SITE DUPLEX - SINGLE FAMILY GRAND FORKS UÊÓ°äÊ VÀiÊ iÛi Ê- ÌiÊ UÊ< i`Êv ÀÊà } iÊv> ÞÊ ÀÊ`Õ« iÝÊ ÌÃÊ UÊÊ Û Êi } iiÀ }Ê` iÊv ÀÊ Ê ÌÊà } iÊ v> ÞÊÃÕL` Û Ã Asking Price
Asking Price
$1,695,000
$299,000
Town Homes with Storage…for all your Toys!
www.westerninvestor.com
Lakeshore Drive, Osoyoos - Only 5 Homes Left UÊ9 ÕÀÊ Ü Êi V Ãi`]Ê ÊVi }ÊÃÌ À>}iÊL>ÞÊ >À}iÊi Õ} Êv ÀÊ>Ê{xÊvÌ°Ê Ì À i UÊ ÕÝÕÀ Õà ÞÊ>«« Ìi`Ê£ÊLi`À ÊÌ Ü iÊUÊ i` >ÌiÊ VVÕ«> VÞ UÊ"vviÀi`Ê>ÌÊfÓ ]äää°]Ê iÌÊ -/Ê V Õ`i`Ê UÊ ÀÊ ÀiÊ v ÊÛ Ã ÌÊÜÜÜ°V>VÌÕÃyÊ>ÌðV>
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.
Interior British Columbia B5
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
BOOMING Pub Business G In BOOMIN Y PEACE RIVER CIT AVAILABLE FOR SALE PUB BUSINESS AND CHATTELS AND LICENSE Asking price one times gross sales of .................................... $1,750,000. Land and building for sale ................ $750,000 (or long lease)
BUSINESSFORSALE NEAR CHASE, BC Established October 2010
For Sale INVESTMENT OPPORTUNITY
$650,000
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.
Phone 250-496-5544 Or check ComFree.com for more details at #301194
sallys1@telus.net or 250-833-2129
A unique shavings mill business manufacturing premium quality shavings from BC’s surplus pine. The material is compressed into industrial sized packages and is widely distributed. Supply agreements pending. Owner is ready to sell. Business has had strong sales since the ďŹ rst of the year. Turnkey operation. $700,000 and take over ďŹ nancing. Excellent time to enter!
Ron at 250.804.3305
PRINCETON, BC
Two commercial buildings in Penticton’s Industrial Area Used as 3 rental shops
TULAMEEN, BC
PETER ZEBROFF
COMMERCIAL CONSULTANT
604-202-0424
NEW PRICE! This restaurant has it all. Located on 3 lots, room for parking, includes equipment and liquor license. Come buy now and enjoy a great lifestyle too! $365,000 MLSÂŽ 134564
peterzebroff@gmail.com OAKRIDGE www.zebroff.com
RE/MAX COUNTRY
CELL: 250.498.9886 www.allantaylor.ca
COMMERCIAL INVESTMENT Corner Lot
Great house is located 3 blocks from Otter Lake. 3 bdrms. 2 baths, possible to rent out one oor for visitors or extra family. Call now and enjoy a recreational lifestyle full time! $379,900 MLSŽ 136463
JUDY KLASSEN
ALLAN TAYLOR RE/M RE/MAX REALTY REALT SOLUT SOLUTIONS
SALLY SCALES
Sicamous, BC Multi-Unit Residential
VERY ACTIVE LIQUOR STORE Asking price 1.5 times gross sales of .................................... $3,500,000. Building and land available for sale at ........................ $750,000 (or lease)
SALMON ARM, B.C. Reduced to $459,000
TF: 866.495.7441 allantaylor@remax.net
VINEYARD - SPECTACULAR VIEWS Incredible Views
250-295-5839 250-295-3222
(ofďŹ ce)
www.buyandsellprinceton.ca
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 $799,000 (sold in 2007 for $1,000,000) Approx mortgage payment on $520,000 is < $3,000/mo.
Email: tekamar@telus.net or call: 1-800-658-2345 * Financing available O.A.C.
FABULOUS BUSINESS OPPORTUNITY • Showing sales over 2 million • Long established & growing pool business • Prime location! Huge chemical sales, installation & maintenance of pools & hot tubs, opening/closing of pools
Fantastic business, 1st time offered for sale! 1st class operation! $469,000
UĂŠ-Ă•ÂŤiĂ€LĂŠ ÂœV>ĂŒÂˆÂœÂ˜ĂŠqĂŠ/ÂœĂœÂ˜ĂŠ iÂ˜ĂŒĂ€i UĂŠ ‡£Ê<œ˜ˆ˜}ĂŠqĂŠ ÂœĂ€Â˜iÀÊ ÂœĂŒ UĂŠ Ă•Â?ĂŒÂˆĂŠ1ĂƒiĂŠqĂŠ,iĂƒĂŒ>Ă•Ă€>Â˜ĂŒ]ĂŠ"vwVi]ĂŠiĂŒV°
COMMERCIAL BUILDING Lakefront
$2,388,000
UĂŠÂŁĂŽÂ°ĂˆĂŠ VĂ€iĂƒĂŠqĂŠ iĂ€Â?ÂœĂŒ]ĂŠ-Â…ÂˆĂ€>â UĂŠ Ă€i>ĂŒĂŠ,iĂ›iÂ˜Ă•iĂŠ*Ă€ÂœÂŤiĂ€ĂŒĂž UĂŠĂŠ >ĂƒĂŒĂŠ i˜VÂ…ĂŠqĂŠĂ“]ĂˆĂ¤Ă¤ĂŠ- ĂŠ œ“i]ĂŠĂŠ Ă“Â˜`ĂŠ œ“i
6-BAY WAREHOUSE Lake Views
$799,000
UĂŠ Ă€i>ĂŒĂŠ*ÂœĂŒiÂ˜ĂŒÂˆ>Â? UĂŠ*>Ă€ĂŒĂŠÂœvĂŠ,iVĂ€i>ĂŒÂˆÂœÂ˜>Â?ĂŠ iÛ° UĂŠ œ˜v°Ê iÂ˜ĂŒĂ€i]ĂŠ-ÂŤ>]ĂŠĂ“ĂŠ i`ĂŠ-Ă•ÂˆĂŒi
PROFITABLE BUSINESS
$845,000
UĂŠ Â?Â“ÂœĂƒĂŒĂŠ iĂœĂŠqĂŠ-ĂŒiiÂ?ĂŠ ÂœÂ˜ĂƒĂŒĂ€Ă•VĂŒÂˆÂœÂ˜ UĂŠ >ĂƒĂžĂŠ VViĂƒĂƒĂŠqÊÓÓ¿Ê iˆÂ?ˆ˜}Ăƒ UĂŠĂ“ĂŠ `À“Ê >˜>}iĂ€ÂżĂƒĂŠ-Ă•ÂˆĂŒi
GREAT OPPORTUNITY Lakeshore Drive
2 Business in 1
Exclusively offered by DINO GINI PERSONAL REAL ESTATE CORPORATION Realty Executives of the Okanagan Email: dinogini@realtyexec-kelowna.com
FAMILY RESTAURANT BUSINESS FOR SALE $1,200,000 East Kootenay, BC
UĂŠĂŠ Ă€i>ĂŒĂŠ,iĂ›iÂ˜Ă•iĂƒĂŠqĂŠ-ˆ}Â˜ĂŠEĂŠ Âœ}ÂœĂŠĂŠ -ĂŒÂˆĂŒVÂ…ĂŠ Ă•ĂƒÂ° UĂŠ Ă?ViÂ?Â?iÂ˜ĂŒĂŠ Ă€ÂœĂœĂŒÂ…ĂŠ*ÂœĂŒiÂ˜ĂŒÂˆ>Â? UĂŠ Ă•ÂˆÂ?`ˆ˜}ĂŠ Ă›>ˆÂ?>LÂ?iĂŠ ĂƒĂŠ7iÂ?Â?
One of Southeast BC’s Most Successful Family Owned & Operated Dining In & Catering
OSOYOOS
s Future Mobile Home Park Clearwater, BC n 15 acres plus 2.7 acres, highway commercial.
$249,000
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 acre lot. Current use is restaurant. s Kamloops
manufacturing
$274,900 company
specializing in granite, marble and quartz tops. $595,000 business only
approximately 2133 sq.ft. on the main oor plus full basement.
$550,000
s 14 unit motel – Clearwater, BC – Consists of 8 attached units & 6 separate cabins, plus ofďŹ ce with owners suite. On 3.26 acres along river channel. Buildings are in great condition. Monthly rentals plus daily summer rentals.
$2,995,000
UĂŠ*Ă€ÂˆÂ“iĂŠĂŽĂŠ VĂ€iĂŠ-ÂˆĂŒi UĂŠ i>Ă•ĂŒÂˆvĂ•Â?ĂŠ >ÂŽiĂŠ6ˆiĂœĂƒ UĂŠ-i“ˆ‡7>ĂŒiĂ€vĂ€ÂœÂ˜ĂŒĂŠĂ‰ĂŠ ‡{ĂŠ<œ˜ˆ˜}
KAMLOOPS, BC & AREA
s Kamloops city center building for sale –
Will Sell Building as an option 6500 Sq Ft Modern Building $230,000
250-861-5122
For full details contact:
ROSS PRIEST
s City Centre high volume restaurant – Kamloops,
BC
–
nice
premises
$1.7 million for land, building & business
(Owners’ Consultant)
(250) 417-7479 priestross@shaw.ca
$549,900
Call MARVIN MATT
1-250-319-8784 +!-,//03 2%!,49 ,4$
mmatt@shaw.ca
www.realestatekamloops.ca
B6 Interior B.C./Business Opportunities Fabulous Business Opportunity
Sign Shop For Sale Small Sign Shop For Sale in the South Okanagan. Work and play in paradise. Fun business, perfect for 1 person or couple. Same location for 25 years on high trafďŹ c street. Large customer base including art ďŹ les for repeat business. $59,000 + inventory. Contact:
4salesignshop@gmail.com
'
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www.westerninvestor.com JUNE 2012WESTERN INVESTOR
BUSINESS AND INVESTMENT OPPORTUNITIES UÊÊ£ÎäÊ VĂ€iĂƒĂŠ ˜`Ă•ĂƒĂŒĂ€Âˆ>Â?ĂŠ *Ă€ÂœÂŤiĂ€ĂŒĂžĂŠ – Hwy & Rail Access f™™x]äää UĂŠĂŠ œ““iĂ€Vˆ>Â?ĂŠ ÂœĂŒĂŠ >VÂ…iĂŠ Ă€iiÂŽĂŠ – 306 ft. Hwy frontage f£Ç™]äää 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. ReducedĂŠfx{™]™ää
100 MILE REALTY
GOLF COURSE FOR SALE IN THE BEAUTIFUL BC INTERIOR
ED DUC
E RE
PRIC
162 Acres 9-Hole Golf Course s Club House s Residence s Trades Considered s s
COMMERCIAL BUILDINGS UĂŠ >“Â?ÂœÂœÂŤĂƒ – 6100 sf bldg. Large yard f™™x]äää UĂŠ >“Â?ÂœÂœÂŤĂƒ – 2 Tenants – 8.5% Cap UĂŠ >“Â?ÂœÂœÂŤĂƒ – Future Highrise expansion
f{xä]äää f£°{ĂŠ ˆÂ?Â?ˆœ˜
UÊ >V…iÊ ÀiiŽ – Hwy Frontage – Secure Yard
fĂŽĂˆÂ™]äää
DWIGHT VOS
FNBJM CSFOEB!CSFOEBIVUUPO DPN
DEVELOPMENTAL LAND AND
phone: (250) 554-4511 toll free: 1-866-456-0577 BEST-WEST REALTY LTD. KAMLOOPS email: dvos@kadrea.com
Dwight Vos 250.371.7992 Tracy Mackenzie 250.318.2938
BEST-WEST REALTY LTD. 250.554.4511
ROCKY MOUNTAIN CHOCOLATE FACTORY s .ATIONAL &RANCHISE s /WN AN EXCITING THRIVING BUSINESS IN BEAUTIFUL $OWNTOWN &ERNIE "# s ,IVE THE &ERNIE LIFESTYLE 3KIING (IKING -OUNTAIN "IKING &ISHING s YEARS PROVEN SUCCESSFUL TURNKEY lNANCING OPTIONS AVAILABLE $324,900
www.marilynbrock.com s Toll Free (877) 423-8650
OfďŹ ce (250) 423-4113
For Sale
Well maintained, 12 year old, privately owned arena centrally located in the Tournament Capital of Canada. With a fully licensed and established lounge, this rink is exposed to thousands of registered youth and adult hockey/figure skaters. This is a turnkey operation awaiting a passionate owner/ operator. The facility runs at near capacity during lucrative peak/winter season, as well as yielding year-round revenue during summer camp and tournament programming. An extensive list of assets will be available for both lounge and rink on request. Call: 250-377-4282 or Email: ichockey@telus.net
Penthouse 1020 sq.ft. Vernon, BC
Brand New 2 bdrm - 2 bath Enjoy outdoor living on your 670 sq.ft. ROOF TOP PATIO! Bring your hot tub!
COLDWELL BANKER COMMERCIAL WORLDWIDE LIGHT INDUSTRIAL BLDG $425,000 4 LARGE LOADING DOORS. OFFICES & MEZZANINE.
LARGE CONSTRUCTION PROJECTS
TRAIL MOTEL MH + RV PARK $895,000
HOTEL, LIQUOR STORE, RESTAURANT $499,000 LE
RDER SA
COURT O
THIS IS A GREAT OPPORTUNITY WITH VERY STEADY INCOME.
t '+65 >9 .9A8>9A8 t 38?>/= >9 ,/+-2/=
Only $274,900
FURNITURE AND APPLIANCE BUSINESS INCLUDING 35,000 SQ FT BUILDING, PRIME LOCATION, OWNERS WANT TO RETIRE $1,995,000 DRY CLEANER $89,000
Ready for Possession
NICELY EQUIPPED. THE ONLY ONE IN THE CITY.
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Phone: (250) 307-3737 info@okanaganbrownstones.com www.okanaganbrownstones.com
GREAT BUSINESS 1ST TRAIL REAL ESTATE LTD.
MIDWAY STORAGE $1,290,000 NICELY LOCATED EXCELLENT SHAPE 100% FULL GREAT SELECTION OF TENANTS
QUALITY INN 48 ROOMS RESTAURANT $2,190,000
DEV. PROPERTY $595,000 600 FT OF HWY FRONTAGE FOR AUTO DEALER & BODY SHOP.
MILANOS PIZZA $169,000 THIS TAKEOUT IS ESTIMATING "400,000" IN 2012.
NICELY LOCATED AT THE CROSSROADS OF THE KOOTENAYS. GOOD VOLUME.
(250) 231-5222 (CELL)
www.cbcworldwide.com www.coldwellbankertrail.com
(250) 368-5508 (FAX)
B7
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
COVER Feared forestry downturn old news as gold and copper mines lead region into a diversified future
$POGJEFODF JO UIF $BSJCPP
local aboriginals, which is key to getting any mine approved. The mining buzz may be one of the reasons why building values in Quesnel reached $1.96 million in the first four months of this year, with residential and commercial permits at the highest level since 2008. The average detached house price in Quesnel, at $185,525, is among the lowest in B.C. and down 10 per cent from 2011. “We now have [residential] investors coming from the Lower Mainland,� Griffic said.
FRANK O’BRIEN WESTERN INVESTOR he headline news from the Cariboo region of B.C. over the past few months has been bad and largely based on provincial government forecasts of looming job losses in the forestry sector.
5
8JMMJBNT -BLF Photo: Geoff Moore
But visit the historic Cariboo centres of Williams Lake and Quesnel and it is clear that residents – and the economy – are as resilient as the gold rush pioneers who made the region famous. “The current mountain pine beetle epidemic in Interior British Columbia will result in a drastic decrease in timber supply in some areas, with potential for significant negative economic and social effects to the forest industry and forestry dependent communities,� the government’s 14-page Mid-Term SupplyReport reads. The study noted that the beetle-killed timber could run out in as little as two years in some areas, forcing local saw mills to shut down. But “old news� is the response in the two communities singled out for “concern over the short- and medium-term sustainability.� “We know all about this,� said Alan Madrigga, who heads the Williams Lake economic development office, noting that Cariboo communities have been preparing for the end of beetle-kill wood since 2006. Council of Forest Industries president John Allan was also not surprised or shocked by the report. “My board last year identified future timber supply as the number one issue for the industry,� Allan said. “I mean, there is no secret the annual allowable cuts are going to have to be adjusted downward in the coming years to account for the impact of the mountain pine beetle.� As Allan notes, the dire forecasts are based on current assumptions. He stressed the job losses will occur only “if nothing changes.�
Kerry Cook, mayor of Williams Lake, at a new shopping centre: tax incentives for commercial developers may help keep building permits rising in Cariboo’s biggest city.
Giffic, who leads the economic development arm for the City of Quesnel. Giffic said about one-third of the 400 workers at the nearby Gibraltar Mine, the secondlargest open-pit copper mine in Canada, commute from Quesnel. Production this year at the nearby Mount Polley mine, owned by Imperial Metals, is estimated at 34 million pounds copper, 46,800 ounces gold and 90,000 ounces silver. The $463 million Spanish Mountain Gold Mine, which is located between Quesnel and Williams Lake, could also be starting up in the near future, generating at least 280 jobs. Vancouver-based Spanish Mountain has six drill rigs working on the site, is currently in environmental assessments and has signed agreements with the Williams Lake Indian 2VFTOFM Band. “We are getting back to the historical economy Giffic said Spanish Mountain appears to of the Cariboo, which is mining,� said April have good relations with the community and
But things are changing, and fast, says Madrigga. “The forest industry is establishing new markets in Asia and specifically China,� he noted. “Both West Fraser Timber and Tolko have significantly increased their [wood sales] into China to offset the U.S. downturn in the past few years. This has had a demonstrable effect in maintaining mill operations here in Williams Lake.� A biomass pellet fuel industry is also thriving around Williams Lake, where Wal-Mart opened its first supercentre in northern B.C., a new retail centre is underway and a $4.3 million Best Western Hotel opened last month. And, from here to Quesnel, mining has resurfaced in the traditional heart of the gold rush.
Mining is a sensitive issue in Williams Lake, the Cariboo’s largest city. While forestry jobs are threatened, its 18,500 residents are livingnext to a world-class gold deposit. Taseko Mine’s Prosperity motherlode holds 13.3 million ounces of gold and 5.3 billion pounds of copper, representing the seventhlargest undeveloped gold-copper deposit in the world. If Prosperity goes ahead it would be a game changer for the Cariboo, generating 71,000 jobs and $11 billion in GDP over 20 years, according to Taseko. It could also turn Williams Lake into a B.C. mining hub. Over the past four years, Taseko has completed a feasibility study and has gone through provincial and federal environmental assessments. The mine was approved by the province but rejected by Ottawa last year due to concerns over the proposed destruction of Fish Lake – a First Nation-sensitive body about a third the size of Stanley Park – for a tailing pond. Taseko has now returned with a new Prosperity proposal – hearings started las t month – in a bid to revive the mine. Brian Battison, Taseko’s vice-president, corporate affairs, said the tailings pond would be moved to accommodate the lake, shifting its location two kilometres to the south at a cost of about $300 million. Taseko, however still faces
Please see Retail page B8
*OUFSJPS #SJUJTI $PMVNCJB
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B8 Interior British Columbia
BUY
$588,000
Your hunt for the right investment could be right in the pages of the Western Investor. Every month you’ll find over $2 Billion worth of opportunities.
Commercial building in the heart of downtown Fernie, BC 3000sqft main oor commercial space and two partially ďŹ nished residential suites upstairs waiting for someone to ďŹ nish the renovations. MLS K4100066
$2,935,000
Elkford Motor Inn Full Service 22 room hotel with bar, restaurant, liquor store, conference room, banquet room and plenty of extra land for future development. MLS# K4100143
SELL Selling your business? Western Investor Business Opportunity pages are organized geographically so readers can find the opportunity they want.
ABE MARTENS 250-423-1520 LORALEE THOMAS 403-807-3086 RE/MAX ELK VALLEY
604-669-8500
RE/MAX ELK VALLEY
1-800-661-6988
loralee.thomas@remax.net www.LoraleeThomas.com
www.westerninvestor.com JUNE 2012WESTERN INVESTOR
3&5"*- from B7 stiff resistance from local First Nations.
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Buzz on the streets of Williams Lake is that Prosperity will eventually win approval. Bruce Charbonneau, president of the Business Improvement Association, noted the arrival of Wal-Mart, other national big boxes and all the new hotel construction and renovations. “This type of work doesn’t happen in a town unless there is something going on,� he said. Williams Lake Mayor Kerry Cook provided the hard numbers: “Building permit values in the first quarter of 2012 are up $130,000 over the same period last year, totalling more than $2 million. New-home construction values have more than doubled to $1.48 million; the unemployment rate has dropped; and the number of business licences issued in the first quarter are up and we continue to have more than 1,000 [businesses] in the city,� the mayor stated. Williams Lake is offering direct incentives to notch up the action. “We have established a revitalization tax exemption program for our downtown, and within the next few weeks we’ll have a new industrial tax exemption program that can provide up to five years of municipal tax exemptions on new development in our north end industrial-zoned properties,� Madrigga said in early May. Leading current development is the Prosperity Ridge Shopping Centre that will
âœŞ
âœŞ
$BSJCPP 3FHJPO # $ Population 62,000 Williams Lake pop 18,500 Quesnel pop 10,000 Average detached house price $200,000 Major employers Mining, forestry, government
eventually offer up to 100,000 square feet of retail space. In May,Bosley’s Pet Food Stores, Warehouse One, Subway Restaurants and Bell Mobility all opened in Prosperity. A building permit has been obtained for a second building of approximately 24,000 square feet. Construction of the next phase will begin shortly with tenants moving in fall of this year, according to Vancouver-basedPlatform Properties (Plat:form) president Kyle Shury.◆
Each office is independently owned and operated.
The HEIDI LUSSI Real Estate Team
Deutsche Beratung Heidi Lussi Personal Real Estate Corporation
RE/MAX Vernon 5603 – 27th Street, Vernon, BC V1T 8Z5
MLSÂŽ
LIVE, WORK & PLAY IN THE BEAUTIFUL NORTH OKANAGAN
#253( ")342/
2/!$(/53% $).%2
26 0!2+ #!-0'2/5.$
s 3UCCESSFUL "ISTRO IN DOWNTOWN 6ERNON LOCATION s 3EATS INSIDE ON THE PATIO LICENSED s (UGE GROWTH IN PAST YRS W LOTS MORE POTENTIAL s 4URN +EY /PERATION 9OUR /PPORTUNITY s )NCL EQUIPMENT LEASE HOLD IMPROVEMENTS BUSINESS s
s &ULLY LICENSED EXCELLENT (IGHWAY EXPOSURE s SEAT RESTAURANT PLUS SEAT PATIO s #OMPLETELY RENOVATED ALL NEW EQUIPMENT s 0RICE INCLUDES ,AND "LDG %QUP )NVENTORY
s ACRES W FT LAKE FRONTAGE s 26 SITES W FULL HOOK UPS s BED RESIDENCE LRG WORKSHOP
s 7ASHROOM 3HOW ROOM ,AUNDRY s :ONED # # s APP 4AXES
s APP 4AXES
Call us today for all your real estate needs! s (OMES CONDOS s (ORSE PROPERTIES s (OBBY FARMS
!FFORDABLE 7ATERFRONT (OME s .ICE BED TOWNHOME s STORY WITH DECK LAKE VIEW s )N 5NIT ,AUNDRY STORAGE s APPLIANCES ALL DISHES s FT COMMON LAKESHORE s "LDING INPRVMNTS IN PROCESS s
s 7ATERFRONT RECREATIONAL
)NVESTMENT /PPORTUNITY AT 3ILVER 3TAR -OUNTAIN 2ESORT s 3KI IN 3KI OUT FROM THIS HOME s BEDROOM BATH MAIN FLOOR s BEDROOM SUITE WITH SEPARATE ENTRANCE s 3HARED LAUNDRY ROOM FINISHED SQFT s
9EAR 2OUND ,IVING AT 3ILVER 3TAR -OUNTAIN 2ESORT s #USTOM BEDROOM HOME s BEDROOM SELF CONTAINED SUITE s ,EVEL PARKING s 3KI ACCESS BACK OF HOUSE s
s #OMMERCIAL Toll Free: 1-800-667-2040 Bus: 250-503-3487 Email: heidi@heidilussi.com
HeidiLussi.com
Each office is independently owned and operated.
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
Interior/Northern British Columbia B9
FOR SALE LAKESHORE ESTATE LOT
LAKESHORE ESTATE LOT
• $1,600,000 • Spectacular 21 acre lake shore estate lot overlooking Kalamalka Lake. • Private boat moorage and Boltess Creek running through the property. • Call Norm Brenner for all the details: 250-549-9401 • www.okanaganlands.com
• $1,750,000 • 7.9 acre lakeshore estate property. • Fantastic view overlooking Kalamalka Lake. Moorage in place. • Located in area of other estate properties. • 30 mins to Kelowna airport. 10 mins to Predator Ridge Golf Course. • Contact Norm Brenner for details 250-549-9401 or go to www.okanaganlands.com
LAKESHORE LOT • • • • •
$1,200,000 Sloping Lakeshore lot on quiet no thru street 150 ft. licenced dock (2008) Ideal spot located on Okanagan Lake www.okanaganlands.com
COLD WINE AND BEER STORE $1,500,000 Lumby’s only private wine, beer and liquor store Good location Room for expansion of store or other service retail development • Excellent investment showing stable long term sales • Contact Norm Brenner at 250-549-9401 • More details at www.okanaganlands.com • • • •
BY OWNER RV PARK & CAMPGROUND
s 'REAT BUSINESS FOR A COUPLE s FULL SERVICED SITES s ACRE WITH ROOM FOR EXPANSION s 7ELL MAINTAINED s 'REAT /KANAGAN CLIMATE
! " #$ % &'
& ( )* & + + + ,- +. & + . * * / ! * 0 * .
$-+ '+ &' & ! 1 2 & 3 & 1 + ,+ ! . -' 2 * * & / &&
* -& &' ) '+ & & +-. 4 * 5 + * &5 &5 & + 5 ,- +. &- &
Asking $950,000 #ALL STEVE
250-499-5439
DAWS O N C R E E K
KITIMAT - BC’S
AJ8G6I>K: 7JH>C:HH DEEDGIJC> I N
LARGEST ECONOMIC GROWTH PROJECTIONS
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.
EVER!!! $599k 8 plex, $325k 4 plexs and other investment
MLSÂŽ 134219 r Price $895,000 For more info call:
opportunities coming online!
Nyla Lepine & Donna Cooper
20% + Cash on Cash ROI
250-784-4044
CALL 604-725-4872 or
nyla@shawcable.com donnacooper@remax.net DONNAANDNYLA.CA
250-826-2284 EMAIL: jvdevgroup@gmail.com
DAWSON CREEK REALTY 250-782-8181 “independently owned and operated�
PUB $800,000 Highly visible highway location Lumby’s only privately owned pub Licensed to seat 127 Ideal for family business Dormant wine and beer store license may be purchased separately • Well managed and in above average condition • More details at www.okanaganlands.com
NORTHEAST BC REALTY Ltd.
• • • • • •
Phone 250 785 4115
“Investing Our Energy In The North� Located at 10220 101 Avenue Fort St John BC V1J 2B5 www.NEBCRealty.com
F: 250 785 4120
RON RODGERS - OWNER / MANAGING BROKER Email: ron@northeastbc.com
NEBC
Š2010—2012
i $379,900
Taylor Apartments (Fully Rented) 7 unit former motel. Great opportunity for someone looking to live on site and self-manage while collecting rent from remaining 6 units. Located off Alaska Highway along well maintained frontage road.
MLSÂŽ N4505262 Taylor BC
i $729,000
NORM BRENNER PERSONAL REAL ESTATE CORPORATION
4.74 ACRE Light Industrial Land and Buildings between downtown Fort St John and airport. Quonset Shop – 30’x60’ with 16’x30 addition 1977 Paramount Mobile Home 14’x70’ and more! PLUS NO CITY TAXES TO CONTEND WITH! MLSŽ N4504930 Fort St John BC
250-549-9401 norm@okanaganlands.com www.okanaganlands.com
Subscribe OVER $2.5 BILLION WORTH OF INVESTMENT OPPORTUNITIES EVERY MONTH FIRST CLASS DELIVERY â?? One Year .............$42 â?? Three years .......$105
Address
â?? Visa â?? American Express â?? MasterCard â?? Cheque enclosed
GST Registration No. 10565567 GST Included
9610 - Sikanni Road 2,000 sq. ft. bay w/front reception, ofďŹ ce & Mezz. Shop consists of radiant heat, 14’ overhead doors, main door &  oor drain. If you need 4000 sq ft the adjoining 9612 - Sikanni Rd. (N4505287) is also available.
FOR SALE OR LEASE PROSPECT PARK LOCATION
10331 Alaska Rd. 1000 sq. ft. of main  oor ofďŹ ces, handicap washroom; 2 large ofďŹ ces. Amazing warehouse w/two overhead electric doors, fresh air recovering, 20’ ceiling, 3 phase wiring, gas ďŹ red in- oor hot water on demand heat.
$18.00/ sq. ft. + NNN - MLS# N4505420
City Prov Postal code Phone
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
PRIME ALASKA HWY FRONTAGE
Title Company
LOCATION, LOCATION!
IDEAL FOR SMALL BUSINESS!
$14.00/ sq. ft. + NNN - MLS# N4505336 Name
â?? Two years ............$75
Bill my:
FORT. ST. JOHN
Fax E-mail
Credit Card No. Expiry Signature
FAX BACK TO 604-669-2154 OR CALL 1-800-661-6988
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
MAIN STREET RETAIL SPACE
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
10215(B) - 100th Street 10,290 sq. ft. of prime downtown core retail or ofďŹ ce space available at an affordable rate. High visibility and easy access ensures stability. Landlord willing to devise space to ďŹ t your needs.
$13.00/sq ft + NNN MLS# N4505306
KATHY MILLERCURTIS ROBINSON PERSONAL REAL ESTATE CORPORATION
Remax Action Realty 1991 Inc.
$42 could make you millions!
kathy@bugkathymiller.com curtis@remaxaction.ca 250-785-5520 Toll Free : 1-888-785-5520
The Power Of Partnership!
B10 Northern British Columbia
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www.westerninvestor.com JUNE 2012WESTERN INVESTOR
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— Your PRINCE GEORGE Commercial Professionals — 490 Carson Ave. – Quesnel, B.C. BUSINESS/BLDG/
1108 Boundary Rd.
‘Wee Chippie Fish & Chips Seafood� BUSINESS
2222 Balsam Ave. – Quesnel, B.C.
1440 – 2nd Ave.
9368 Milwaukee Way
FOR LEASE & SALE – 9,000 sq ft cement block building on 2 Acres, fenced compound. 3-Phase Power.
LAND - 3,609 sq ft main oor 120 seat restaurant specializing in authentic English ďŹ sh & chips. 1,559 sq ft second oor living accommodations, may be converted to a banquet facility plus 2,227 sq ft basement.
Highly visible ďŹ rst class 12, 177 sq ft main bldg. Also has warehouse, two mini storage warehouses & caretakers mobile home. Highway access.
FOR SALE – QUESNEL, B.C. Very successful 120 seat main oor restaurant, specializing in authentic English ďŹ sh & chips. Inventory to be purchased separately.
OLD
S
LEA
SED
Extremely well maintained quality 5,386 sq ft OFFICE bldg.
D L O S
FOR SALE – 31,640 sq ft major fabricating/manufacturing facility (28’ ceilings). Located on 3.74 Acres, fenced yard, cranes, quality ofďŹ ces.
5111 Blvd 1440 –Domano 2nd Ave. (SOLD)
760 Kinsmen Pl.
Extremely maintained sq For LEASE.well Prime College quality Heights5,386 RETAIL/ ft OFFICEspace. bldg. Visually desirable location. OFFICE
FOR LEASE– 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.
Net Lease.
'Sketchley Automotive'
‘Bee-Lazee RV Park & Campground’
Business FOR SALE – Fully equipped automotive repair business. Owner retiring after 34 years of business. Equipment replacement value $150,000.00. Leased premises.
FOR SALE – A 49 pad campground, plenty of room for expansion & a modern 2,000 sq ft bungalow on 77 Acres.
978 &996 Central St.
1550 – 1st Ave.
FOR SALE – located on corner of 10th and Central. Must be sold together. Value is in the land. Currently zoned RS2, the City says can be re-zoned to C4.
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.
678 Vancouver St.
1437 N. Fraser Dr. – Quesnel, B.C.
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.
COURT ORDERED SALE – 38.5 Acre property. 604 sq ft stand along 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.
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
Northern British Columbia/Alberta B11
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
Pr
e t a t s E l a e R e im
GREAT BUSINESS OPPORTUNITY
Building Supply Outlet in Northern Alberta Community
S ylvan L ake, A lberta Pizza Business, Restaurant/Bar Business, Land & Building across from the Beach.
Call CARL STEPP cell: 403-358-9300
DAWSON
RE/MAX real estate central alberta
CREEK
www.dawsoncreekrealestate.ca
TOM MORAN 250-784-7090 tommoran@shaw.ca
Cedar Villa Motel, Foremost, Alberta
An excellent opportunity to purchase a very lucrative 13 room motel. 1053 sq ft attached house with 4 bedrooms and 2 bathrooms. Laundromat. Office area. Laundry room includes 2 new washers, 3 dryers. 20x15 storage shed & 10x10 garden shed. Price includes stock. (MLSÂŽ 17537) Vendor may consider asset or company sales.
The facility is situated in a 10,710 Sq Ft building close to main street in prosperous market, on 1.95 acres. This transaction includes Real estate, inventory & equipment. Asking Price:
$1,850,000 plus Inventory. For further information:
Akela Consulting (2012)
Price Reduced $499,000
www.sylvanlakehouseguy.com 1- -- -ĂŠUĂŠ " , ĂŠ ĂŠUĂŠ ," /-
FOR SALE:
LLOYD SMITH 250-784-7116 lloydsmith@shawcable.com
Brent Schlenker 403-580-0222 www.brentschlenker.com
403 998 0328 or jpenner@akelaconsulting.ca
Invest in
Commercial, Industrial & Residential Financing
Prince George
RE/MAX DAWSON CREEK REALTY 1-888-214-5871 DAWSON CREEK COMMERCIAL EXPERTS #135870: HIGHWAY FRONTAGE - Great visibility on this. 1.077 acre Industrial lot located on highway #2, all City services available. New developments in this area and this is the only lot left for sale along the highway Asking $159,000
#130083 - Popular new restaurant (Brown’s Social Club) now open and Pizza Hut coming soon, lots of parking. 16,000 sq. ft. of prime lease space still available. Competitive rates ... best location in the city!
New prices just in time for Summer . . . Ideal for recreational/residential development Parcel 1 - 26 acres, 1450’ of lakefront $275,000 Parcel 2 - 55 acres, 1650’ of lakefront $480,000 Don’t miss out . . . invest in waterfront today
Obtaining Mortgages and Loans can be made Easy & Simple!
Contact: Frank Hickey
P (403) 290-1990 F (403) 269-1853 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
#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 LOCATION, LOCATION!Across the street from Walmart on Highway 2 at the start of the dangerous goods route or bypass. 2.25 acres of commercially zoned land and an easement at the rear of the property for a secondary exit or entrance to 8th street. Commercial and business possibilities. Reasonably priced at $360,000
FOR SALE OR LEASE 5040 sq ft building on busy
#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
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.
#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
OLD
S
#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
#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.
#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
#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.
company in Dawson Creek. Asking price of $375,000
Also for sale at $1,800,000
L A N D #137248: HIGHWAY FRONTAGE 1.1 Acre of industrial land on Highway 2, topsoil has been removed and an entrance installed and the property is shaled. Asking $199,000 #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
OLD
S
#127836: SUBDIVISION FOR MOBILE HOMES! Total of 39 mobile lots are possible on this 4.6 acres, zoning in place, some services are already in, 3 lots have been subdivided. Call for more info. Asking $300,000 #127441: 80 ACRES OF INDUSTRIAL LAND with highway frontage, railway tracks, water and sewer in the City of Dawson Creek. Asking $31,250 per acre
#135241: COMMERCIAL LAND NEXT TO THE GOLF COURSE. Great location and potential! 10.33 acres that are zoned C-3 (highway commercial) between the driving range and regional district offices, close to a large campground. Lots of options, borders the Alaska Highway. $1,800,000 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 1 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
Park-like riverfront property $545,000 7.32 acres with approx 460’ of waterfront located along the Nechako River zoned for subdivision - not in the ALR
frank@concordmortgage.ca
Highway Exposure - .57 acre $695,000 near Costco, Winners & Future Shop 3664 sq ft building plus part basement zoned M3 - Business Industrial
Elaine Kienzle 250
960-8769
www.elainekienzle.com
Do you have a
VOJRVF QSPQFSUZ Advertise your listings in our special
-*'&45:-& 1301&35*&4 '&"563& 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 • Special rates
Recreational Real Estate LIFESTYLE PROPERTIES
www.westerninvestor.com WESTERN INVESTOR
RECREATION FEATURE Wealthy investors corral exclusive acreages at Ranches at Elk Park in Kootenays
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
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 Ranches at Elk Park: 200 acres with a private lake listed for $2.95 million. week, almost one-third higher than the rest of and ranches. “There’s nothing else like this in eventually retire to the property. They share Canada. And Albertans traditionally look to B.C. for 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 recreational property. are far less pristine and their prices are much and getting away from it all, “without going too “You can golf, ski, and catch a large rainbow www.westerninvestor.com WESTERN INVESTOR steeper.� far or spending too much.� Some of the ranches trout, all in one day in the Kootenays,� Nielsen Calgary-based Schickedanz West, the are lakefront, others have valley views and all said. He notes that the ski hills of Panorama owner of the Ranches project, is adding a com- have the security and privacy only big money Ridge near Invermere and the amenities o f prehensive amenity centre outside the access can buy: there is only one access road and it is Fairmont Hot Springs are close by Elk Park, with almost two-dozen golf courses within a point with fitness facilities and a private own- protected by a controlled locked main gate. 30-minute drive. ers’ lounge, Nielsen said. He credited owner Nielsen said The Ranches will attract a select 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 type of buyer. “The price range is for individuals with a al ranch developments I have seen in a long other land and recreational vendors in the time.� Kootenays, especially since it heralds the return pioneering spirit ready to embrace a rare opporApproximately 80 minutes tunity to own their own private ranch right at Nielsen said buyers are a mix of permanent of Alberta investors. northeast of Winnipeg on the residents and seasonal owners who plan to In 2007, Albertans biglodge in theisKootenay the foot of the Rocky Mountains.�◆ Bird River. Thiswere classic
ARIZONA Investment Property For Sale ACQUIRE REALTY
623-853-7765 Toll &REE s WWW !CQUIRE!: COM
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
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 Here are twelve of the homes we’ve over&the pastApprox. few months which mastersold bedroom ensuite. 6900 sq. ft. on +/-2 acres. Asking $1.85M.
Contact us to start your portfolio today.
are all within a 30 minute drive from downtown Phoenix. We even offer property management for our clients. !' )
# ( (!% ((& ! ) # % + ()+&& ), '%! " &$
204-928-5008
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INFO !CQUIRE!: COM s 7EST -C$OWELL 2D "LDG # Ste. 305 Avondale, AZ 85323
Virtual tour at www.annabelyoung.com
ANNABEL YOUNG
- +++ ), '%! " &$
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.
Phoenix Area
Recreational Real Estate LIFESTYLE PROPERTIES
FOR SALE - On Bird River, MB
Sold Price: $51,900 Rent: $850 City: Tolleson 9EAR "UILT Square Feet: 1,423
Cell: 604-961-7541
FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.
Sold Price: $52,00 Rent: $825 City: Phoenix 9EAR "UILT Square Feet: 1,343
Sold Price: $60,300 Rent: $895 City: Glendale 9EAR "UILT Square Feet: 1,278
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.
Average Sales Price per Square Foot
604-669-8500 • 1-800-661-6988 advertise@westerninvestor.com
ARMLS Residential All Areas and Types Sold Price: $61,500 Rent: $925 City: Avondale 9EAR "UILT Square Feet: 1,197
s BEDROOMS BATHROOMS s SQ FT OF LIVING SPACE s SQ FT GUEST SUITE s 3HOWPIECE CAR GARAGE
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 Sold Price: $62,000 Sold Price: $64,000 UĂŠ7ÂœĂ•Â?`ĂŠÂ?ˆŽiĂŠĂŒÂœĂŠĂƒiÂ?Â?ĂŠÂŤ>VÂŽ>}iĂŠ`i>Â? Rent: $895 City: Avondale 9EAR "UILT Square Feet:Gerri 1,255
$1,888,000
Sold Price: $64,000 Rent: $850 Rent: $785 City: El Mirage #ITY "UCKEYE
>Â?Â?ĂŠvÂœĂ€ĂŠÂ“ÂœĂ€iĂŠÂˆÂ˜vÂœĂ€Â“>ĂŒÂˆÂœÂ˜]ĂŠ 9EAR "UILT 9EAR "UILT
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Investment Opportunity
For Sale: $112,500
271!BDSFT Sold Price: $64,125 Rent: $850 City: Phoenix 9EAR "UILT Square Feet: 1,435
Sold Price: $69,000 Rent: $825 City: Phoenix 9EAR "UILT Square Feet: 1,343
Sold Price: $87,000 Rent: $995 City: Laveen 9EAR "UILT 571!BDSFT Square Feet: 1,763
TPME Sold Price: $105,000 Rent: $1,150Cbqujtuf Mblf 9EAR "UILT Square Feet: 2,277
City: Goodyear 271!BDSFT
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Virtual tour at www.6565-rockwell.ca
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Square Feet: 1,495 Square Feet:632-6638 1,574 SaundersĂŠJĂŠ(250) 632-2107ĂŠÂœĂ€ĂŠ(250)
Avondale - Crystal Gardens Lake Community
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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.
OfďŹ ce: 604-888-0786 Email: annabelyoung@shaw.ca
Overwhelming Views
Sold Price: $60,500 Rent: $825 City: Goodyear 9EAR "UILT Square Feet: 1,159
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B12 Alberta
www.westerninvestor.com JUNE 2012WESTERN INVESTOR
RESORT: Asking $4.0mil 60 Acres in Rocky Mountain, 6 months open MOTEL: Asking $1.19mil 27 rooms, sales $320,000 (7 years steady) Victoria, AB
INCOME BLDG FOR SALE Drumheller Canada Post Building $899,000 6,280 sq ft rents for $75,360 NNN www.century21.ca/100724663
MOTEL: Asking $1.79mil 45 rooms in Pincher Creek
CONVENIENCE STORE BUSINESS and BLDG 32 2 Ave S. Rosedale, Drumheller, AB $274,000 + stock www.century21.ca/100738536
CAR WASH: Asking $2.95mil Sale $600,000 I hour from Edmonton
Over 80 commercial/investment listings
MOTEL: Asking $3.79mil 38 rooms in Edmonton
Thomas Koh (CIR)
BobSheddy.ca bob.sheddy@century21.ca
403-680-9827
Tomkoh999@gmail.com
Commercial Mortgage Funds Available s -ULTI RESIDENTIAL s #OMMERCIAL s )NDUSTRIAL s 2ETAIL s (OSPITALITY s $EVELOPMENT 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 CENTRAL ALBERTA CAMPGROUND OPPORTUNITIES
LAKEFRONT! 403-347-0744
RED DEER IS BOOMING AGAIN ĂˆÂ‡* 8ĂŠfÇǙ]äääÊÊÇ°xÂŻĂŠ *ĂŠ, / t -Walk To Red Deer College -Newer Windows & Exterior -Five 3 Bedrooms & 0ne 2 -Excellent Cash Flow
$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.
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>
• 3000 sq ft character ofďŹ ce space - Victoria Park
• 4000 sq ft Penthouse ofďŹ ce space - 17th Ave S.W. Calgary
• 2175 sq ft West Downtown OfďŹ ce Condo For Sale $761,250 • 6000 sq ft Industrial Building N.E. Calgary $1.3M • Floral Shop Downtown For Sale $79,900
• Buyer Representation for Alberta Multi-Family Properties • Buyer Representation for Golf Course & Resort Development
Bus: (403) 240-4000 www.toolepeet.com
Email: Commercial@prutp.com to Receive Our Current Alberta Apartment Report!
*OWFTUJOH advertise@westerninvestor.com
604-669-8500 1-800-661-6988
EXECUTIVE SUITE B U S I N E S S FOR SALE in Calgary, Alberta
- Consistently exceeds 93% occupancy - Easy to manage - Safe long-term investment - Vendor support available Call 306-227-7760 or
HOTELS & MOTELS 51 ROOM MOTEL – Approx., 2 hrs SE of Calgary. All rooms in very good condition, many recently renovated. Over $700,000 on upgrades over the past 8 years. Turnkey operation. Busy location. $1.6M COUNTRY HOTEL – 1 hr east of Calgary. tavern licensed for 70, patio for 30, 3 vlt's, cafe (30 seat). 5 rental rooms and 1 BR manager's suite. Turnkey operation. $250,000. 15 ROOM MOTEL – 3 buildings, room for expansion, located on highway to Waterton Park. Good Gross - $545,000
J.R. (Jack) Reeves 403-230-1811
blk752@mail.usask.ca
D I S C O V E R R E A LT Y
HOTEL OPPORTUNITIES
CURRENT OFFERINGS
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s ! mAGGED 2OOM &ULL 3ERVICE (OTEL A number of suites and lofts in its room mix, extra vacant land that will facilitate a signiďŹ cant number of rooms well beyond its current amount. Large, conference/banquet area with excellent facilities, restaurant/lounge, ďŹ tness centre; a very recent complete up-grade renders the hotel in superb condition with no differed maintenance currently. !SKING 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 ! &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 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 POPULAR 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
SOLD
SOLD
For further information, contact Gary & RenĂŠe Anderson Hospitality Sales Specialists Direct: 780-432-1408 contactus@andersonhotelsales.com www.andersonhotelsales.com Carton Realty Ltd. Office: 780.444.6605
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Alberta B13
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
LOCAL EXPERTISE
MATTERS
FOR SALE
INVESTMENT OPPORTUNITIES FROM
BARCLAY STREET REAL ESTATE
MIXED-USE COMMERCIAL BUILDING
FOR SALE
OFFICE/MEDICAL PROF. BUILDING
BERNARD CALLEBAUT BUILDING
SUNBOW PROFESSIONAL CENTRE
1313 – 1st Street SE, Calgary, Alberta
TH 3TREET .7 #ALGARY !LBERTA
Close proximity to downtown core, restaurants, Saddledome, 3TAMPEDE 0ARK HOTELS AND NEW MIXED USE DEVELOPMENTS 3ASSO Vetro, Nuera and Stampede Station). Attractive modern design and visual appeal
0ROFESSIONAL CENTRE WITH EASY ACCESS TO TH 3TREET .7 !ND !VENUE .7 #LOSE TO .ORTH (ILL 3HOPPING #ENTRE AND ,24 2OOF was replaced in 2008. Site area is ACRES SQ FT AND allows for additional density.
For more information or to view, please contact: GEORGE LARSON glarson@barclaystreet.com
For more information or to view, please contact:
p: 403-290-0178 f: 403-262-1314
DAN HARMSEN
RYAN SWELIN
DHARMSEN BARCLAYSTREET COM
rswelin@barclaystreet.com
p: 403-290-0178 f: 403-262-1314
ELLIS INDUSTRIAL PARK
SHERWIN INDUSTRIAL PARK
N 16A
EMPIRE HOMES
SUBJECT PROPERTY EVEREST DEVELOPMENT IGLOO BUILDING PRODUCTS
ROGERS
New North/South Intersection (Controlled)
SUPREME STEEL
REMINGTON DEVELOPMENT
60
New Connector Road
FOR SALE
FOR SALE
OWNER USER OFFICE BUILDING
DEVELOPMENT LAND
429 11TH STREET NW
SOUTH ACHESON INDUSTRIAL AREA
Calgary, Alberta
!CHESON !LBERTA
s ! #LASS OFFICE IMPROVEMENTS s /WNER USER TURNKEY OFFICE OPPORTUNITY s )NCOME GENERATING RESIDENTIAL SUITES ON THE SECOND FLOOR s #LOSE TO ,24 AND NUMEROUS AMENITIES IN +ENSINGTON AREA
s ¢ OF A MILE (IGHWAY ! FRONTAGE s Zoning contemplates a variety of light industrial and highway
commercial uses. For more information or to view, please contact:
For more information or to view, please contact: RYAN SWELIN rswelin@barclaystreet.com
COMMERCIAL REAL ESTATE
SOLUTIONS
p: 403-290-0178 f: 403-262-1314
DOUG GRINDE
GEORGE LARSON
dgrinde@barclaystreet.com
glarson@barclaystreet.com
P C
p: 403-290-0178
Office, Retail, Industrial
Land, Investment
SALES AND LEASING
SALES
Property Management
CALGARY OFFICE ƒ Suite 200, 407 – 8th Avenue SW Calgary, AB ƒ T2P 1E5 ƒ p: 403ƒ290ƒ0178 f: 403ƒ262ƒ1314 EDMONTON OFFICE ƒ 202, 2520 Ellwood Drive Edmonton, AB ƒ T6X 0A9 ƒ p: 780ƒ463ƒ3332
WWW.BARCLAYSTREET.COM
B14 Alberta
www.westerninvestor.com JUNE 2012WESTERN INVESTOR
7.93 ac C3 Zoning on Hwy 13 opp. of Airport $799,000
PUBS
For Sale
MOTEL IN SUNDRE
1.97 ac Industrial land in Stony Plain fully serviced ready to build warehousing etc. $580,000 Free Standing Strip Mall in Lloydminster $555,000 4 Plex in Evansburg
Waterfront Pub & Detached Liquor Store
(Sold)
Newly built SXS duplex in Edmonton Rent both sides or live in one & rent the other $334,900 ea side
Land, buildings and business Prince Rupert, BC $2,500,000
Newly built 1350 sq bi-level in Athabasca $299,900
For Lower Mainland Pub Opportunities call:
Marble Slab Ice Cream in Edmonton
BC’s fastest growing super port city
JOHN JOHNSON
$240,000
Tel: 604-319-2504 Fax: 604-463-5287
Goldy Singh Empire Real Estate Group 780 499 8500 goldy122@hotmail.ca
≼NAMPA,ALBERTA in busy boom town, 16 unit motel, 100 seat lounge, VLTs, liquor store and restaurant. PRICE REDUCED TO $990,000! ≼CAMROSEALBERTA 68 room, full services Hotel. REDUCED - NOW $4.0M. ≼ROCKYMOUNTAINHOUS E – 114 Unit Motel, Restaurant & Liquor Store. Showing great revenue. ≼VIKING Viking Hotel, a renovated and up graded operation. 12 guest rooms, a managers suite, tavern, & restaurant. Owner retiring. ASK $159,000.
PRUDENTIAL STERLING REALTY LTD.
≼DAYSLAND Bottle Depot – Building, all equipment, and shelving with additional 2 lots. Do a drive by. Phone for details. ≼FORESTBURG Pizza & Steak house. Restaurant seats 60, Lounge 30, with 3 VLTs & 2 cash machines. A very profitable operation. Full line of stainless steel equipment & recently upgraded fixtures. Living quarters as part of premises. ASK $565,000. ≼ANDREW,AB Liquor store. 2064 sqft. Brick finished bldg. on main street. (Former ALCB) Financials available to qualified buyers. ASKING $285,000. ≼CAMROSE 4-Plex – Reduced! Located in a quiet residential south west area. Individually titled. Fully leased. ASKING $429,000.
FOR MORE INFORMATION CALL OREST:
780-679-8353 FAX:
email:swancity@telusplanet.net
www.swancityrealty.com
FULL SERVICE MOTEL In Dynamic Good Sized Western City
* Asking: $2.49M * SALES: $752,047 * NOI $366,681 * 25 UNITS * 17 VLT’S MOTEL IN MOSSLEIGH * Asking: $599,500 * Sales: $160,000 * 17 Units + 14 RV parking stalls GAS STATION IN SUNDRE * Asking $777,000 * Sales: $1,368,445 GROCERY STORE IN OYEN * Asking: $1.29M * Sales: $2.6M * Living quarters included GROCERY STORE IN BIG VALLEY * Asking $325,000 * Sales $700,082 * NOI: $103,583 * Only one in the village
ALBERTA IS AGAIN MOVING! MOTELS & HOTELS
BUSINESS & INVESTMENTS
780-672-1897
CAMROSE, ALBERTA
STRIP MALL IN CARSELAND * Asking: $2.2M * NOI: $140,400 * Building size: 12,600 sqft RETAIL BUILDING IN CALGARY * Asking: $669,500 * NOI: 35,800 LIQUOR STORE IN TROCHU * Asking $549,000 * Sales: $853,721 * Totally renovated 1.5 years ago LAUNDROMAT + DRY CLEANING IN ROCKY MOUNTAIN HOUSE * Asking: $324,900 * Sales: $293,501 * NOI: $144,480 * 12 Washers, 13 Dryers * Size: 3,164 sqft * Rent: $4,176
ROCKY PARK CIR REALTY
HIGHLY PROFITABLE Restaurant with 25 gambling machines and Keno. Asking $1.5 million. Long term lease available. In Edmonton. Owner may ďŹ nance. 6.7 CAP RATE - 9,000 sq ft building in Edmonton. Single long term tenant. Asking $4.0 million. Owner will ďŹ nance COUNTRY HOTEL - Located in Alberta, south of Camrose. Owner will ďŹ nance with $ 60,000 down GENERAL STORE
With gas bar / liquor store / cafe / store and more near Edmonton. Asking $ 850,000
Brian Fedorick Licensed Realtor in the Province of Alberta
A.L.L. Stars Realty Direct: 780-446-3125 OfďŹ ce : 780-434-4700 bfedorick@shaw.ca
403-681-7512 www.rockypark.ca
FOR LEASE 720 - 17 Avenue SW, Calgary, Alberta
Saskatchewan
FOR SALE 602 - 12 Avenue SE Calgary, Alberta 7,000 Sq. Ft. Downtown Site
s ROOMS BANQUET AND RESTAURANT FACILITIES with lounge and VLT’s. s 0RICED AT MILLION AT AN CAP RATE s 2OOM FOR IMPROVEMENT 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
Heart of the “Red Mile� s 82 sq. ft. Main Floor and 3,210 sq. ft. 2nd Floor s 3URROUNDED BY &INE RESTAURANTS 2ETAIL "OUTIQUES LAND FOR SALE - DIDSBURY, AB s !CRES IN THE GROWING TOWN OF $IDSBURY s 6ENDOR MOTIVATED s "USY INTERSECTION WITH GREAT ACCESS s )DEAL FOR 'AS 3TATION AND MANY OTHER USES Blair Mastin Tel: (403) 291-8869 bmastin@naicalgary.com
4110 - 79 Street NW Calgary, Alberta 10,250 Sq. Ft. Office Building
Colleayn Mastin Tel: (403) 291-8868 cmastin@naicalgary.com
FOR LEASE Retail/Commercial Bay Space 51 East Lake Avenue NE, Airdrie, Alberta Westmount Village Phase 1 Okotoks, Alberta 24,175 Sq. Ft. Shopping Centre
Tim Anderson Tel: (403) 291-8866 tanderson@naicalgary.com timjn_anderson@yahoo.ca
FOR SALE - 8 Acre Developed Site West Calgary Area s )NCLUDES A SQ FT BUILDING s )DEAL (IGHWAY LOCATION s &ULL DETAILS WITH A # ! Jim Courtney Tel: (403) 291-8873 jcourtney@naicalgary.com
s "AY 3PACE OF TO 3Q &T s )MMEDIATE /CCUPANCY Jim Courtney Daniel Goldstrom Tel: (403) 291-8873 Tel: (403) 291-8864 jcourtney@naicalgary.com dgoldstrom@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.
B15
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
REGIONAL ROUNDUP Grande Prairie uses resource boom money to attract more employers and families
#VJME JU BOE UIFZ XJMM DPNF DAVID HUSDAL WESTERN INVESTOR t is, explains Brian Glavin, a draw, not just for new residents and businesses, but also for those already in the community.
That much is clear about Grande Prairie’s bustling new Eastlink Centre, a $111 million investment in the quality of life of the residents of one of Alberta’s most active communities. The super-sized leisure and aquatics centre on the city’s south side opened in late 2011, and its attraction for both local residents and the business community has been obvious. Roughly 2,600 people pass through the building each day, and the City of Grande Prairie has sold over 4,500 memberships in five months, a thousand more than what it had projected for the year. “It really has addressed a gap in the community for indoor recreation,” explained Glavin, the city’s economic development officer. It’s Glavin’s job to help sell the city, and the Eastlink Centre makes it easier. He says it recently played a role in one professional services firm’s decision to locate in the northwest Alberta regional service centre. Glavin says the new complex was definitely envisioned as more than something to meet basic recreation and leisure needs. “It was partially to satisfy local demand here, but also part of the strategy to retain people here in the city and attract people to the city.” The latest building and development data suggest it might be doing that. While Canada Mortgage and Housing Corp. (CMHC) stats say housing starts were down somewhat in GP for the first three months of the year, from 60 to 45, other numbers paint a positive picture of growth. The city issued building permits for over $53 million in new construction for the first quarter
Photo: City of Grande Prairie
*
Fancy new aquatic centre – part of an aggressive push to upgrade lifestyle amenities to attract working families – has proven a hit with residents and businesses alike.
of 2012, more than doubling the $24.7 million and a secondary trading area that includes over 140,000 people, many of them living in undertotal from the first quarter of 2011. served resource communities. 1PXFS DFOUSF Projected tenants for the Westgate developMore significantly, perhaps, the 2012 figure ment include not only large-format retailers, doesn’t include the application for 250,000 but fashion retailers, restaurants and smaller square feet of new retail development in a shops. project known as Westgate Centre. At current development costs the new comThe new retail complex on the city’s west plex on close to 30 acres will ring in at around side at the 116th Street Ring Road bypass and $140 million. Highway 43 will be built in two phases, the It is a sign of confidence in the future of the first one offering 144,000 square feet of big- city, and of the oil and gas industry that supbox space to satisfy growing consumer demand ports it. in the city and from places further north and Grande Prairie skidded somewhat when the west in northeast B.C. and northern Alberta. oilpatch tanked in 2008 and the global financial WAM Development Group hopes to bring markets went into a tailspin. Natural gas prices the first phase of the project on line in spring sagged and industrial building lots sat empty in 2013, with the second phase to come in 2014. the northern resource city. But things have been picking up significantly Grande Prairie is an attractive place for retailers for several reasons, including high annual in the past couple of years with escalating oil household incomes – average of $121,000 – prices and the greater emergence of natural gas
liquids (linked to oil prices) in the market. The latter has meant more demand for industrial property in the city, and outside the city in the surrounding County of Grande Prairie. The surrounding county is a hub for oilpatch, agriculture and forestry businesses, all of which seem to be doing well, or well enough nowadays to generate growth. In the words of Walter Paszhowski, a former area MLA who still handles the economic development duties for the county: “Things are going quite well.” “It looks like a good year,” Paszkowski said of 2012 prospects. “It’s going to build on the regrowth of 2011, and it certainly appears that 2012 will improve on 2011 by a fairly significant amount.”
"GGPSEBCMF IPNFT
The county’s building-permit values totalled roughly $885 million from 2007 to 2011, with the peak coming in 2007, when permit values hit $312.7 million. They fell to $100.4 million in 2010, but bounced back in 2011 to $151.6, and Paszkowski expects that number to climb again this year thanks to a general increase in activity. “What we’ve got here is a pretty good balance of agriculture, energy, forestry and, to a growing degree, tourism. We have close to 3,000 hospitality suites in this community. Those four are the drivers,” he said, explaining how Grande Prairie’s reach is expanding. “It’s generally growing in all directions as the quality of service delivery improves and grows overall.” Unlike Fort McMurray, Grande Prairie isn’t known for overpriced housing beyond the reach of many in its workforce. The average price for homes sold in mid2011 was in the $260,000 range, according to the Grande Prairie & Area Association
Please see Landlords page B17
"MCFSUB PEACE RIVER, ALBERTA FOR SALE: COMMERCIAL BUILDING
INVESTMENT OPPORTUNITY ALBERTA LAND DEVELOPMENT An established Calgary developer seeks
an
equity
investment
We are looking for 1st or 2nd mortgage lending opportunities for:
t
Single and multi-family residential developments
t
Commercial, industrial and retail developments
for a 271 acre master planned community in the Calgary region.
t
Refinancing / acquisitions
t
Construction / land servicing
All approvals in place for ~ 1,800
t
Bridge loans
residential units. Phase 1 servicing
t
Income producing properties
complete with homes selling.
CareVest has been providing its industry leading lending services since 1994. Our integrated real estate services specialize in the investment, financing and syndication of real estate mortgages throughout Western Canada and Ontario.
For more information please email info@cancorppropertygroup.com
www.cancorppropertygroup.com
Presently leased - some Vacancies available. 37,000 sq. ft. on 2.99 acres. Includes commercial Kitchen, banquet room plus smaller offices. Many upgrades and renovations. Downtown location - plenty of parking.
Offered for $2,500,000 NORTHERN ALBERTA FULL SERVICE HOTEL FOR SALE
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
B16 Alberta
www.westerninvestor.com JUNE 2012WESTERN INVESTOR
INVESTMENT PROPERTIES FOR SALE!
SELF STORAGE FACILITIES
20 UNIT, University area, best location, 14 ones, 6 twos- PENDING 42 UNIT APARTMENT in Leduc, near 50% twos and threes. 1981Build - PENDING 2 ACRES on Ellerslie Road in Edmonton, busy south side corridor. Now being rezoned to DC2 for commercial, retail usage development$2,170,000 82 ACRE PARCEL adjacent to commercial corridor along St Albert Trail. Proposed land use concept to Mixed Use for Residential/ Commercial/Business-$12,300,000 68 FULLY SERVICED MOBILE HOME VACANT TITLED LOTS located within a modern Mobile Home Park in High Level, AB. MLS # E1014318 Price slashed to $975,000-PENDING
- Mayerthorpe, AB, 50 units $590,000
I need investment properties for all ICI categories. Looking for apartments, commercial/retail buildings, industrial properties etc.
RICK D. JENKINS
POLARIS REALTY
780-990-6120 cell Email: rdjri@telus.net Commercial Realtor
- Entwistle, AB, 60 units with excess land in excess of 10% cap rates. $775,000
FOR SALE Pigeon Lake Property
- Edmonton, AB, large facility with excess land
-",& '30/5 r 145 ACRES
Please call Jim Bijou @ DTZ Barnicke (780) 641-0832 Direct (780) 421-1488 OfďŹ ce
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jim.bijou@dtzbarnicke.com www.dtzbarnicke.com DTZ Barnicke Edmonton Inc., Suite 602, Bell Tower, 10104 - 103 Ave., Edmonton, AB T5J 0H8
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EDMONTON LAND 130 acres +/- zoned rural residential - 70% level grass & pasture, bal. woodland grazing. Presently decommissioned game ranch, cadillac fencing & livestock handling equip w/40x80 shop & living quarters. Could be livestock, cattle/ horses/exotics or private estate situated on twinned highway 5 miles west of West Edmonton Mall. Airstrip presently being developed, super grass, fencing, privacy or develop to suit market. For More Information Contact:
BOBCAT DEVELOPMENT 780-722-4156 PRIME YUKON INDUSTRIAL PROPERTY 126 Industrial Road Whitehorse, Yukon
3BZ 5FMGPSE t &DPOPNJD %FWFMPQNFOU t JOGP!DBNSPTF DB t t t DBNSPTF DB t Contact us for a free information package!
WHITECOURT AREA, ALBERTA HAUSER'S HARD NINE GOLF COURSE MLSÂŽ 26721 $999,900
Own your own private golf course! Located 30 minutes from Whitecourt & Barrhead on the corner of Hwy 18 & Hwy 757. This nine hole golf course is now available for sale. There is a club house and a a personal log home. A year round business opportunity with nature trails and 10 campsites. Some equipment also included that helps maintain the property. An added beneďŹ t is the property can be subdivided. This is a one in a lifetime opportunity.
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 For further information and tours please contact: Ernie Bourassa, Dave Pearson or Darryl Weigand RE/MAX Action Realty
1-867-667-2514
PAUL CHAUVET
KATHY WAUGH
780-268-3949 chauvet.paul@gmail.com
780-779-7248 kathywaugh.exit@gmail.com
OFFICE INDUSTRIAL MLSÂŽ 27129 $899,000
• Triple A tenant rating for another 4 years! Renewable 5 year term. • Excellent investment. Good rate of return & AAA tenants. • OfďŹ ce - 1440 sq.ft Bay 1 - 1040 sq.ft Bay 2 - 3000 sq.ft. • Total Space - 6000sq. ft. plus mezzanine 2000 + sq.ft.
PAUL CHAUVET 780-268-3949 chauvet.paul@gmail.com
For more information contact: John Osborne
780.467.8967 josborne@jwo.ca www.jwo.ca
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 MONEY MAKING FRANCHISE MOTEL s !SKING - s 2%6 s YRS OLD VERY BUSY LOCATION s ,IMITED 3ERVICE 2OOMS LOCATED IN VERY BUSY CITY FRANCHISE MOTEL s !SKING M 2EVENUE M s %XTREMELY HIGH END YEARS OLD BUILDING WITH HIGH VISIBILITY FROM (IGHWAY ROOMS SWIMMING POOL WATERSLIDE AND TWO MEETING ROOMS 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 FRANCHISE MOTEL s !SKING - s 6ERY STEADY REVENUE s 2OOMS WITH SWIMMING POOL WATERSLIDE s ,OCATED IN BIG CITY IN !LBERTA 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 GAS BAR, LIQUOR STORE AND FAST FOOD s !SKING - s 2%6 'AS - s #ONFECTIONARY s #IGA - s ,IQUOR - $O NOT MISS THIS GREAT MONEY MAKING BUSINESS 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 CAR WASH NEAR CALGARY s !SKING - s 2%6 s BAY PLUS 4OUCHLESS AND LEASED COMMERCIAL BUILDING WITH ACRES LAND s 9EAR BUILT CAR WASH s ,EASED COMMERCIAL BUILDING GAS BAR IN SK s !SKING M s 2%6%.5% M WELL MAINTAINED GAS BAR LOCATED VERY BUSY OIL INDUSTRY GAS BAR, C STORE s !SKING 2EVENUE ./) s %QUIPMENT WERE INSTALLED IN ABOVE GROUND TANK ACRES LAND BAY CAR WASH
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
EXIT REALTY RESULTS Whitecourt, Alberta 780-779-0090 U www.paulandsue.ca
Tel: 403-680-6130
Email: francisleemaxwell@gmail.com #20, 8180 Macleod Tr. South, Calgary
Alberta B17
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
-"/%-03%4 from B15 of Realtors, though that number has also climbed. Even new homes finished in the past quarter rang in for an average of only $330,858, according to CMHC data. Things are picking up in the real estate market though, according to Paszkowski. “I was just talking to some realtors, and they were saying that homes that used to be on the market for a month or two are now going in a week or two,� he explained. The rental market is also definitely tightening up, giving landlords the potential to earn positive cash flows.
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CMHC’s fall rental market survey for 2011 pegged Grande Prairie’s apartment vacancy rate at 3.9 per cent in October 2011, down from 10.5 per cent only 12 months earlier. Average apartment rents climbed from $798 to $845 in the same period. Glavin says internal city data now suggest the vacancy rate has moved closer to zero, and that will inevitably push up rents. A quick scan through various websites with local rentals produces a range of properties, including houses commanding $1,600 to $1,800 per month for families looking for big yards and lots of room for outdoor toys. It’s expected the ramping up for construction of the new regional hospital in Grande Prairie will also put more demand on the stressed
COMMERCIAL (RE/MAX Excellence)
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REALTY EXECUTIVES POLARIS 4107 - 99th Street, Edm, AB T6E 3N4 “>ˆÂ?\ĂŠĂ›ĂŒÂœvvÂœÂ?ˆJĂƒÂ…>ĂœÂ°V>ĂŠUĂŠĂœĂœĂœÂ°Ă›>Â?ĂŒÂœvvÂœÂ?ˆ°Vœ“ APARTMENT BUILDINGS:
Valleyview 43
Grand Cache
Edmonton
(SBOEF 1SBJSJF "# Population 55,032 Unemployment rate 5 per cent Average household income $121,375 Rent, two-bedroom apartment $891 Industrial land $200,000-plus per acre
rental market. Tightening vacancy rates and growing building totals tell part of the story for the area. Another is reflected in the profusion of “help wanted� signs these days. “You virtually can’t go by a major employer without seeing a sign for hire. There are very few that don’t have those signs up,� noted Paszkowski. That, he says, is another solid indicator that Alberta’s northwest hub has plenty of growth potential ahead.◆
17718 - 64th Ave Edmonton, AB T5T 4J5 (780) 429 - 1200 1(866) 481 - 2950
Selling Edmonton since 1987
Phone: 780-707-9395
0110356/*5:
Peace River GRANDE PRAIRIE
Val Toffoli
'3"/$)*4&
s 12 Ste Character Bldg. Central McDougal. Over 6.5% cap rate. Some upgrades. 3ELLER OPEN TO 2EASONABLE /FFERS!
6OJRVF 4VDDFTTGVM (SPXJOH 3FUBJM #VTJOFTT
s 20 Stes – Great Central Location – Extensive Upgrades – Lge Stes – Excellent Mix – 10 Yr Assumable Mtg – 2nd VTB Mtg possible. #AP 2ATE
1SPWFO 1SPÂŞUBCMF
WANTED: APARTMENT BUILDINGS Have QualiďŹ ed Buyers Ready to Purchase!
$IFBQ 4NPLFT 5PCBDDP .JO DBTI JOWFTUNFOU L www.danpreston.ca
$POUBDU KFGG!DIFBQTNPLF DB PS DBMM +FGG MBXSFODF
Personal Real Estate Corporation ,!.$ !33%-",9 s $%6%,/0-%.4 s ).#/-% 02/0%24)%3
COMMERCIAL R E A L E S TAT E S E R V I C E S
SENIOR'S DEVELOPMENT SITE SALE: $1,990,000 Foundation in place, tendered plans, permits, ready to complete. 88 units.
Edmonton’s Business & Investment Specialists
20,000 SF+ OFFICE/RETAIL SPACE
JASPER AVE CONDOS W/TENANTS
LEDUC PLAZA LEASE SPACE
Fort Road Centre - $16.00/SF
1789 SF - $579,000 2216 SF - $699,000
6250 - 50 Street Leduc - 5 Units Left!
BUSINESS ONLY
zSelf Storage Facility - 177 Units + 100 RV on 3.88 ac. - $1.9M
zLebanese Restaurant - Bus. Only. Great Location - $495,000
CALL MIKI O’REE AT 780.641.1338
CALL AYAZ OR SAM AT 780.641.1320
MULTI-FAMILY
zWok Box Franchise - Two locations in Red Deer. May be purchased individually or together. North - $309,000 South - $394,999 zWorth Your Buck - Dollar Store. Riverbend Sq. - $125,000 + Inv
CALL MIKI O’REE OR SEIF JIWAJI AT 780.641.1338 zBottle Depot Businesses - 4 Locations in AB. Call For Info BOTTLE DEPOT BUYING & ORIENTATION - BOOK NOW! ***CERTAIN CONDITIONS APPLY***
zN Edm Coffee Franchise - Business Only - $215,000 zAuto Wash w/Land & Bldgs - Prime location in NE Edm - $2.99M
CALL RAJAN NULLIAH 780.441.5419
INVESTMENT z Centre 16 - Spruce Grove Retail Building - $1.6M z Jasper Avenue Commercial Condos - 1789 SF and 2216 SF. With tenants. Well maintained. Ample parking. Priced to sell! 1789 SF - $579,000 2216 SF - $699,000
CALL AYAZ OR SAM AT 780.641.1320
z2 x 9 Units - Strathcona - $2,300,000 z13 Units - Eastwood Strata Titled - $1,300,000 z15 Units - Glenwood - $1,500,000 z22 Units - Central McDougall - Contact For Pricing
CALL MIKI O’REE OR SEIF AT 780.641.1338
LAND z Nisku Commercial Land - 2 Lots Left! Zoned CS - PENDING
CALL AYAZ OR SAM AT 780.641.1320
LEASING z LEDUC PLAZA - 5 Units Left! 1100 SF to 5500 SF. Join Quiznos, Second Cup, Pizza Hut, Sleep FX and more! - $20/SF Plus Op
CALL SAM NARAYAN AT 780.641.1320 z Office or Retail Space - Up to 20,000 SF available. Fort Road Centre. 13415 Fort Road. Retail or office uses. $16/SF Plus Op
CALL MIKI O’REE OR SEIF JIWAJI AT 780.641.1338
w w w.RemaxComm.ca
B18 Alberta
www.westerninvestor.com JUNE 2012WESTERN INVESTOR
Each office is independently owned and operated.
WHITECOURT, AB CATCH THE BOOM! Renford Inn Motel – 112 rooms, 3.73 acres with enough land to add 60 rooms. Excellent hwy location. Sales: $1,600,000 (March yr end) List: $4,950,000 Quizno’s Franchise – 5 yrs. operating - 5 yr. lease. Good rev and hwy location. Best Pub & Restaurant in Town – Excellent hwy location, centre of motel row. Sales: $1.6 Mil. $300,000 in equip. & leasehold. $120,000 net. 110 seat rest., 160 seat lounge, 80 seat banquet room. 6 VLT’s. Owner retiring. Asking only $327,900
Leo: 780-778-1207 cell Brenda: 780-778-6678 Advantage WCT
leozelinski@remax.net www.whitecourtrealestate.com
Investment Opportunities in Grande Prairie, Alberta Acreage Subdivision development
$424,900 Ă&#x; 70.65 acres only minutes away from city Ă&#x; A great mixture of trees and rolling hills Ă&#x; Perfect place to build a dream home! Ă&#x; Municipal water to the front of property line.
Ă&#x; Vacancy in Grande Prairie is extremely low, people are looking for lower priced homes Ă&#x; Basically in town and paved to the front of the lot
SHANE ZEYHA (780) 933-8878 Shane@keyz.ca www.keyz.ca
SOLD
OUTSTANDING BUSINESS!
CLEAR LAKE LOTS Starting at 189,900 Cabin #110 Clear Lake 1142 sq.ft. Cabin with 4 Bdrms $589,500 MLS# 46703
artmelin@remax.net Baughan Realty
621 - 10 St. Wainwright, AB T9W 1P2
WE ARE LOOKING TO PRESENT YOUR REAL ESTATE PROJECTS TO CHINESE INVESTORS Bring Alberta and British Columbia Investment Opportunities to the Chinese Market Place
JERRY RACZKOWSKI s JRCOACH TELUS NET
Ă&#x; 10.5 acres property zoned Manufactured Home Community
COMMERCIAL CONDO 1800 sq.ft. Commercail Condo built in 2011 OfďŹ ce, Shop, and fenced Compound Tenants in Place $198,000
Art Melin 780-806-3175
APARTMENT BUILDINGS AND MULTI-FAMILY SITES IN BC & ALBERTA
RE/MAX REAL ESTATE 3T 4 . , %DMONTON !"
$849,800
COMMERCIAL BUILDING In Wainwright, AB built in 2009 8960 sq.ft. commercial Lease space with tenants 8.2% cap rate $1,147,000
VACANT LAND 105 Acres of Vacant Land adjacent to Wainwright Excellent Investment opportunity for development as Industiral/Commercial space is limited $1,260,000
WANTED:
Investment Sale!
WAINWRIGHT AB
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
www.AlbertaInvestor.com
TWO GREAT
OPPORTUNITIES $2B Expansion at Cold Lake oilsands Take advantage of the economic spin offs
R3 SITE FOR 14 - 4 PLEXS AT $798,000 Âź SECTION 145 ACRES Adjacent to city of Cold Lake boundary and golf course. Zoned Country-Residential
$689,000 Âź SECTION 132.8 ACRES
Complete business package ready for a new owner. Building, inventory, ďŹ xtures, coolers and delivery van.
DEVELOPMENT OPPORTUNITY
Overlooking Jessie Lake. Adjacent to town of Bonnyville boundary. Future Country-Residential or annex to Bonnyville
795,000 COMMERCIAL LOT IN COLD LAKE On Lakeshore Drive 55’ x 199’
Attention
$199,000
Agents: REACH QUALIFIED BUYERS FOR YOUR LISTINGS
call Gary Takahashi toll-free: 1-800-661-6988 direct: (604) 608-5111 or fax: (604) 669-2154 gtakahashi@westerninvestor.com
Great opportunity to develop on sites zoned R4 (High Density Residential). Adjacent to adult living community and near the Hospital & Health Centre. 1.4 acre site $499,000 or 0.76 acre corner site $ 200,000.
CALL
7.2 ACRES ZONED HIGHWAY COMMERCIAL Services prepaid $749,900 Larry Melanchuk, Associate Broker
RANDY PLANT
780 361 9215 RE/MAX 780 352 9241
WETASKIWIN 2007
RE/MAX Cold Lake 2000
Cell: 780.826.0100 www.coldlake.info TF: 1.800.707.8374 A Division of Cold Lake 2000 Realty. Independantly owned & operated.
Each office is independently owned and operated.
Alberta B19
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
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Cochrane home &BTU 7JMMBHF MBOET sales edge Calgary
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ousing sales figures in Cochrane these days are being noticed by the Calgary Real Estate Board (CREB.) Sales in the foothills suburb northwest of Calgary are growing, according to the CREB, noting that many see the western-themed algarians may think of neighbouring Okotoks as sprawling suburbia, but they community as a strong alternative to city lights. shouldn’t. Sales growth in the first quarter of 2012 That much is clear when you consider the city’s status in the eyes of Statistics Canada. exceeded the 10-year average in Cochrane, The government agency says Okotoks has a which was not the case in Calgary, notes the density of 1,273 persons per square kilometre. CREB. “Buyers are attracted to the lifestyle that That gives it the highest density of all comCochrane provides,� said Ann-Marie Lurie, the munities with less-than-100,000 population CREB’s chief economist. “While prices are genin the country. erally lower in the area, the typical single-famHigher-density development is good, ily home in Cochrane offers a larger home, with because it makes the community more susa larger lot size, and a newer home, which can tainable, according to Okotoks Mayor Bill be appealing to those with a young family.� Robertson. According to the MLS home-price index, While growth leads to density, which is necessary for sustainability, the city of 24,500 the single-family house benchmark price for Cochrane was $365,250 in 2011, about 13 per is still facing some significant challenges. cent below the Calgary price of $417,675. It’s in the process of engaging residents and businesses to get their feedback on what it should do to manage both its limited water supply and land base better. As well, the town is looking at annexation of lands in the Municipal District of Foothills. The density of Okotoks has jumped steadily with the community’s population, which was he City of Edmonton is on a mission to almost 43 per cent higher for its 2011 census find out from residents what they want than for its 2006 census. It is now Alberta’s to see in their new buildings. 14th-largest community. The city is currently in the process of coming up with new design guidelines to control and shape growth in new neighbourhoods in the southeast, southwest and northeast sectors of the city. The city is using an online consultation method to reach residents, and looking for what it deems “big ideas� to help prepare the ed Deer continues to enjoy a rebound guidelines. year in building activity. “This is a key opportunity to influence how Building-permit values in the hub of central we build the great new neighbourhoods of the Alberta hit $72.8 million for the first four future,� said Kalen Anderson, senior planner months of the year, up about $27.4 million over 2011, or about 60 per cent so far in 2012. for sustainable development with the city. “By preparing design guidelines for new The increase in values is spread across all sectors, from single-family homes to industrial neighbourhoods now, the city will be able to buildings, commercial and institution projects. foster the development of unique, creative
Okotoks boasts highest density
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Edmonton seeks public “big ideas�
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Red Deer rebounds
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REGISTRY BUSINESS FOR SALE ProďŹ table & viable stand alone Registry Business. Located in Medium Size town in Northern Alberta at the centre of a large rural, farming, oil and forestry area. Owned by same owner since 1986. Good lease for space available at very reasonable rates. A document service buisiness is included with the assets. Contact: email: kandry@telusplanet.net cell: 780 835 0315
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algary’s redeveloping East Village neighbourhood landed another major score in early May with the announcement by the Calgary Municipal Land Corporation (CMLC) that a deal had been struck to build a 315-room Hilton hotel in the redeveloping area. The CMLC has spearheaded major redevelopment in the 20-hectare East Village east of downtown for several years. The new 14-storey project is slated for Seventh Avenue and Fourth Street Southeast. It will be dualbranded as a Hilton Garden Inn and Homewood Inn Rendering of planned Hilton hotel in Calgary’s East Village. and Suites. “We’re pleased to welcome Widewaters Group to the team of developer partners who are transforming East Village into a complete inner-city neighbourhood,� saidMichael Brown, president and CEO of the city-backed CMLC. Brown called the hotel project a great complement to the multi-family residentialtowers already slated to rise above the once-forgotten slum neighbourhood known more for crime and drug addicts than international hotel brands. Ed Shagen, director of development for U.S.-based Widewaters Group, was upbeat about why his company is investing in East Village. “We chose to invest in East Village because we could see its potential as both a tourist destination and a new commercial core for Calgary,� Shagen said. “We’re thrilled to be part of the team.� Two residential projects are already planned for the East Village, with Vancouver-based Embassy Bosa Inc. and an Ontario-based firm both slated to build condominium towers. Photo: Widewaters Group
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www.westerninvestor.com JUNE 2012WESTERN INVESTOR
The big new addition to the market is The and innovative new neighbourhoods for these areas when the time comes to develop them.� Bow, which will fill up with Cenovus and Encana employees over the next several months as final leasehold improvements continue. Space occupied by the two oilpatch giants has already been leased for the future once the two companies complete their moves. Colliers says some downtown tenants have acancy continues to shrink in Calgary’s begun to explore alternatives in the Beltline downtown office-space market. area south of downtown, and the suburbs. According to the latest downtown report “Low availability and pent-up demand has from Colliers International, available space in the city’s office core shrunk to 4.2 per cent sparked a new development cycle,� Colliers said. “At least five new office developments, at the end of the first quarter of 2012, down totalling over 3.5 million square feet, are from nearly 4.5 per cent at the end of 2011. being proposed for completion between 2014 Space in the top Class AA category is now very rare, with availability below 0.6 per cent. and 2017, although only two are confirmed as proceeding and all others remain contingent Almost 870,000 square feet of space was absorbed into the market in the first quarter on reaching pre-leasing thresholds.�◆ of 2012. – Compiled by Dave Husdal
Calgary office space tightens
V
WETASKIWIN, AB FORT MCMURRAY – FOR SALE OR LEASE
Newer Four-Plex Private Sale
Asking
$585,000
UĂŠ Ă?ViÂ?Â?iÂ˜ĂŒĂŠĂ€iĂŒĂ•Ă€Â˜ĂŠÂœÂ˜ĂŠÂˆÂ˜Ă›iĂƒĂŒÂ“iÂ˜ĂŒÂ°ĂŠ UĂŠ œœ`ĂŠÂ?ÂœV>ĂŒÂˆÂœÂ˜]ĂŠVÂ?ÂœĂƒiĂŠĂŒÂœĂŠĂƒV…œœÂ?ĂŠ >˜`ĂŠĂƒÂ…ÂœÂŤÂŤÂˆÂ˜}ĂŠ>Ă€i>°Ê UĂŠ Ă•Â?Â?ÞÊÀiÂ˜ĂŒi`ĂŠ>˜`ĂŠ>ÂŤÂŤĂ€ÂœĂ›i`ĂŠvÂœĂ€ĂŠ Vœ˜`ÂœĂŠVÂœÂ˜Ă›iĂ€ĂƒÂˆÂœÂ˜Â°ĂŠ UĂŠ >VÂ…ĂŠĂ•Â˜ÂˆĂŒĂŠÂˆĂƒĂŠĂ“ĂŠLi`Ă€ÂœÂœÂ“Ăƒ]ĂŠÂŁĂŠL>ĂŒÂ…]ĂŠ >˜`ĂŠÂ…>ĂƒĂŠwĂŠĂ›iĂŠÂ˜iĂœĂŠ>ÂŤÂŤÂ?ˆ>˜ViĂƒÂ° Call
MIKE for details at:
780-462-3405 or email: simrenvig@hotmail.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 Edm Dir: (780) 421-0953 rholland@wetaskiwin.ca
NEW INDUSTRIAL SPACE AVAILABLE – 2012
s TO SQ FT ON !CRES s ,OTS OF PARKING AND YARD SPACE
Call .JLF (FPSHF or #JMM 4DIPFNBLFS
(2006) LTD.
www.property-solutions.ca
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
Alberta B21
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
EDMONTON & AREA
OfďŹ ce Building For Sale Prime Location on Jasper Avenue and 114th street in the Oliver Area. 4 storey building consisting of 56,012 square feet . Property is on 3 lots (50 feet x 150 feet) with also parking lots (92 feet x 150 feet) in the rear. Property is wedge between two drugs stores (Shoppers Drug Mart and Medicine Shoppe). New developments all around. Ellerslie RE Development Site 80 acre parcel across from the new Edmonton Recreation centre along Ellerslie Road.
Brand New Freestanding Building two storey with 4,000 sqft on the main oor 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.
PH: 780-434-4700 FAX: 780-436-9902
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
Land And Building For Sale Over 9,000 square feet on the main oor. 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 projectâ€? 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 ofďŹ ces, storage, kitchen, reception area. Was used as chiropractors ofďŹ ce, In desirable Stathcona. Close to all amendities, busy trafďŹ c. 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 oor with paved parking in the rear. 2 main oor tenants and 2 tenants upstairs. $1,700,000
or Mark Wilbert, Assoc. (mark.wilbert@century21.ca) CENTURY 21 A.L.L. STARS REALTY LTD
SHOPPING CENTRES, STRIP MALLS, HOTELS & MOTELS AVAILABLE IN ALBERTA!
Call Sammy EMPIRE REAL ESTATE GROUP
780-906-6652
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
INVESTMENT SALES
s %LINOR ,AKE 2ESORT ACRES OF LAKESIDE RESIDENTIAL DEVELOPMENT LAND NEAR ,AC ,A "ICHE !"
SITE
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 -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
50TH STREET PLAZA, LEDUC s 7ELL LOCATED CENTRE ON TH 3TREET ,EDUC !" s ,ONG TERM TENANTS !NIMAL #LINIC 2EMAX %DWARD *ONES )NSTALOAN s 2ENTS SUBSTANTIALLY BELOW MARKET s #LEAR 4ITLE s 0RICE SQ FT CONTACT DOUG FOGG OR ADAM MARTINSON
PRIME WEST EDMONTON LAND – RA7 s 2EADY TO BUILD UP TO UNITS s ACRES s !SKING CONTACT JEFF McCAMMON / DOUG BAUER OR DUSTIN BATEYKO
3 MALLS FOR SALE
DUGGAN MALL, CAMROSE, AB
Westlock: 0EAVY -ART "ARGAIN 3HOP SQ FT n s SQ FT SQ FT NET RENTABLE MAJOR ENCLOSED SQ FT SHOPPING CENTRE SHADOW ANCHORED BY 3MITH #LINIC AND Stettler: 4HE "RICK 0EAVY -ART !4" SQ FT n #ANADIAN 4IRE ASKING SQ FT SQ FT MULHURST BAY CROSSING Vegreville: "ARGAIN 3HOP 6ALUE $RUG -ART s ACRES ON 0IGEON ,AKE SQ FT n SQ FT CONTACT DAVID COONEY OR DOUG FOGG
CONTACT
DEVELOPMENT OPPORTUNITIES +/- 0.947 ACRES: in Valemount, BC. Zoned C3 (Service Commercial) ................................ $49,500 +/- 1.05 ACRES: in Valemount, BC. Zoned HC (Highway Tourist Commercial) .............$455,000 +/- 3.84 ACRES: Fronting St.Albert Trail, Zoned IB (Industrial Business)........................ $3,500,000 +/-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
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
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
FORT MCMURRAY, AB PENDING
s &ORMER &ORT 4HEATRE s SQ FT SITE WHICH INCLUDES A SQ FT BUILDING
CONTACT DOUG RAE
s !REA 3TRUCTURE AND 3UBDIVISION 0LAN APPROVED FOR DWELLING UNITS SITE 26 SEASONAL PARK ACRES COMMERCIAL DEVELOPMENT SITE s 3ERVICES IN CLOSE PROXIMITY
INDUSTRIAL BUILDING FOR SALE s BUILDING COMPLEX s &ULLY LEASED TENANTS s
CONTACT JEFF McCAMMON OR DOUG BAUER MERRITT, BRITISH COLUMBIA s ¢ SQ FT FREE STANDING BUILDING FOR 3ALE OR ,EASE s )NCLUDES BONUS PARKING LOT s ,EASE SQ FT 3ALE
CONTACT murry.osborne@cwedm.com or scott.sowinski@cwedm.com
B22 Saskatchewan
www.westerninvestor.com JUNE 2012WESTERN INVESTOR
Care Home Investment Package
INDUSTRIAL INVESTMENT OPPORTUNITY 201 Edson Street, Saskatoon, SK 105,600 sq.ft. on 5.2 Acres Lease renewed to August 2017 Sale Price: $10,250,000 Call: Barry Stuart or Kelly Macsymic
LAND OR DEVELOPMENT SITE FOR SALE FOR SALE
NE18-17-20-2 EXT 1, Regina, SK Land Size: 41 Acres (Situated inside the city limits) Global Transportation Hub Access 1 mile from Dewdney Ave via Condie Rd Sale Price: $35,000 per acre Contact: Linely Schaefer
ICR Commercial Real Estate icrsaskatoon.com ME
701 - 45th Street, Saskatoon, SK Land Size: 321.5’ x 445.9’ = ±143,356.8 sq. ft. Building Size: ±89,817 sq. ft. Net Income: $673,627.50 Annually Sale Price: $8,200,000 (8.2 Cap) Contact: Ken Kreutzwieser
Total of 74 beds constructed between 1999 and 2012. All located within quiet residential areas in one major Saskatchewan city. Very well designed, maintained and managed. Information available to serious qualiÀed buyers upon execution of a conÀdentiality agreement. Sale Price: $7,290,000 Barry Stuart or Kelly Macsymic
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“Saskatchewan’s largest commercial real estate company”
NT
Each office is independently owned and operated.
25% DOWN BALANCE MORTGAGE (OAC)
Petrofka Bridge Orchard MLS® 410521 $789,900 Beautiful acreage / progressive Apple Orchard 35 acres located on the North Sask River
Call today for your opportunity
Sterling Land MLS® 417758 $899,000 Excellent potential for development only 5 kms East of Saskatoon RE/MAX Saskatoon
Ed Bobiash Farm & Acreage Specialist 306-222-7770 s ed@edbobiash.com www.SaskLand4Sale.com
Triple “M” Ranch MLS® 426445 $869,500 Executive Style Family Home - Over 5,000 Sq Ft - Mature Trees on 10 Acres – Treated Water Line & Dugout
Farm & Acreages Specialist - Call for info 306-222-7770
Commercial Properties in
Crossroads Cafe
HU M B O L D T Area
301 Main St WATSON Opportunities Abound with this Large Square Footage! MLS #427700 $399,000
Restaurant
309 Main St ST. BRIEUX Business opportunity on Main Street in St. Brieux. MLS #429637 $69,900
L E A S E S PA C E
Tisdale, SK $299,000 MLS® 4247734
10 minutes from Nipawin, SK. MLS® 419375
639 Main Street HUMBOLDT 3,456 Sq Ft Shop MLS #406530
Kinistino, SK. Sale or lease MLS® 430495
RE/MAX Saskatoon HUMBOLDT OFFICE
(306) 682-5061 for DETAILS on these PROPERTIES!
UÊÊ,iÃÌ>ÕÀ> ÌÊ Ê >ÃÌi `Ê- Ü }Ê}Ài>ÌÊÊ ÀiÌÕÀ °ÊÊ $259,900 -ÁÊ{£ÎÈ Ó GULL LAKE UÊÊ+Õ ÃiÌÊ> `ÊÞ>À`Ê ÊÌ Ü °ÊÊÊ Ê Ê $99,000 Ê -ÁÊ{£Çx n COLONSAY
UÊÊ > vÊÃiVÌ Ê vÊ«>ÃÌÕÀiÊEÊ >Þ°Ê ÀÀ }>Ì Ê « Ìi Ì > °ÊÊ-Vi V°ÊÊÊ Ê Ê$330,000Ê -ÁÊ{ÓÇÈÈäÊÊ UÊÊ£{xÊ>VÀiÃÊv>À > `°ÊÊ Ê $175,000Ê -ÁÊ{ÓÓn{ÎÊÊ
REACH QUALIFIED BUYERS FOR YOUR LISTINGS call Gary
Takahashi
toll-free: 1-800-661-6988 tel: (604)
669-8500 or fax: (604) 669-2154 gtakahashi@westerninvestor.com
UÊÊ* «Õ >ÀÊ i } L ÕÀ `Ê«ÕLÊEÊ}À °ÊÊÊ Ê $1,295,000ÊÊ -ÁÊ{ÓÈ{ääÊÊ
639 Main Street HUMBOLDT Office Space – 2nd Level MLS #406523
Contact
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313 Main St WATSON Zoned Industrial – Opportunities await for 3.71 Acres of Vacant Land in the Centre of Watson. MLS #427706 $150,000
Agents:
UÊÊ ViÊ ÌÌ iÊ` Ü Ì Ü Êi>ÌiÀÞÊÜ Ì ÊÀi}Õ >ÀÊÊ V i Ìi i°ÊÊÊ $95,000 -ÁÊ{£Çxnä
SWIFT CURRENT
Melfort, SK. Restaurant, Bar, Convenience store, Bus depot, Gas. MLS® 431237
Attention
SHAUNAVON & EASTEND
UÊÊÈxÊÃi>ÌÊÀiÃÌ>ÕÀ> ÌÊ > vÊ ÕÀÊvÀ ÊÊ ->à >Ì °Ê-iÀÛ ViÃÊÓÊ« Ì>Ã Ê iðÊÊÊÊ Ê $280,000 Ê -ÁÊ{ÓäÈÎÓ
740 – 2nd St HUMBOLDT Large industrial/Commercial Property along Hwy #5 MLS #409583 $1,133,000 South West Edge HUMBOLDT 42 Acres ready for Development. MLS #404658 $740,000
Businesses in SW Sask
White Fox Hotel
Benny’s Restaurant
ANDY EVERTON Sales Agent 1-306-921-9396 Colleen Ratcliffe 1-306-921-8637 RE/MAX Keystone Realty Melfort SK 1-306-752-8470
UÊÊ£ä°ÎÎÊ>VÀiÃÊV iÀV > Ê > `ÊÀ } ÌÊ Ê-Ü vÌÊ
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Saskatchewan B23
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
live – or could live.� Under the current regulatory regime, the government said, water bodies such as drainage ditches are indiscriminately subject to the same rules and guidelines as rivers, lakes and oceans that support fish and local fisheries. “That does not make sense to us, and frankly we don’t think it makes sense to the majority of Canadians,� Ashfield said. The government, he said, has heard of “farmers being prevented from cleaning out askatchewan has launched a tax rebate for residential landlords that could cost their irrigation channels, municipalities $34 million and spur construction of 10,000 being delayed in repairing bridge supports and routine maintenance of drainage ditches, new rental apartments over the next five businesses not being allowed to clear flooded years. fields and campsites, and cottage owners pro“We heard consistently from the housing hibited from keeping up their properties – all sector that the current corporate income tax because of the existing rules.� structure is a barrier to the development of From the perspective of landowners and rental housing,� said Social Services Minister municipalities, the proposed new measures and Minister responsible for Saskatchewan are expected to provide “regulatory certainty Housing Corporation June Draude. as to whether and how the fisheries protecThe new tax rebate effectively reduces tion provisions apply to them,� according to the provincial corporate income tax rate on the government. a corporation’s eligible rental income from The new regulatory regime is expected to the current 12 per cent rate to the 2 per move Fisheries and Oceans Canada “away cent small-business tax rate. The tax rebate from reviewing every activity that landowners is earned each year for a period of up to 10 may undertake.� consecutive years after residential units are For example, the government said, “regularented. tory standards for routine, low-risk projects Projects can be located in either urban such as building a boat launch or a dock at or rural communities across the province. the cottage do not exist at this time.� Eligible rental housing must be newly conThe new rules are also expected to allow structed multi-unit rental housing but can include conversion of non-residential property the fisheries ministry to “identify ecologically sensitive areas that require enhanced proteclike warehouses to rental housing. tion,� as opposed to the current regulatory Qualifying multi-unit rental housing must regime, in which “all areas are treated indisconsist of at least eight fully self-contained criminately under the law.� rental units, meaning that bathroom and Real estate developers have welcomed the kitchen facilities are available in the suite. move, noting that setbacks from dormant ditches can affect property values. 8)"5¤4 )"11&/*/( */
Taxes cut on rental unit
S
Rules eased on Fisheries Act
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drainage ditch is not a pristine fish stream, the federal government has realized in announcing changes to rules governing ditches and field drains. Federal Fisheries Minister Keith Ashfield announced the government’s plans to amend the Fisheries Act and related policy that currently governs “all bodies of water where fish
Regina seeks stadium funds
T
he City of Regina is trying to convince the province to pony up $200 million to help build a new sports stadium in the capital city to kick-start a massive urban makeover. Under a city proposal, the city would put up $88 million of the stadium
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owntown Saskatoon now has the lowest office vacancy rate in North America, perhaps the world, as the rate plunged to 1.7 per cent in the first quarter of this year. The Class A vacancy rate is even tighter, at 0.9 per cent. Of the 46 office buildings in the city’s core, only two have more than 4,000 square feet of contiguous space available, according to a spring survey by Colliers International. “Despite the volume of office Office space in Saskatoon is at a premium. construction, new buildings are not offering any relief,� Colliers reported, noting that nearly all the new space is already preleased. About 50,000 square feet of new space has been added in the past year. The only office sector with space is 19 Class C buildings and these have less than 18,000 square feet in total. Average rents per square foot in downtown office towers range from $16 for Class C space to around $20 for Class B offices and peak at $25 to $30 per square foot for new Class A offices, Colliers found. Demand has also driven the suburban office vacancy rate down, to 8.8 per cent, compared with 12.4 per cent at the end of last year. This year, North Prairie Developments began building two new suburban office buildings that will add 25,000 square feet. Other new office projects include the 33,000-square-foot Nexus project on 2nd Avenue North, which is fully preleased, and the 78,00-square foot River Centre on 2nd Avenue South that has 90 per cent of its space leased. Last month construction started on a 50,000-squarefoot office building on Wall Street. This LEED building completes next year and no space has yet been claimed, though that is expected to change soon. Photo: Realty Executives
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cost, according to deputy city manager and CFO Brent Solberg. A stadium with a retractable roof would cost $450 million to build, while an open-air stadium would cost $250 million, according to estimates. The city is hoping to hear back from the provincial government by June so it can decide what style of stadium should be built. Regina Mayor Pat Fiacco has outlined plans for a multi-year $1 billion stadium and innercity revitalization project. The plan involves redeveloping the 33-acre CP Rail yard and the current Mosaic Stadium site. The work involves demolishing Mosaic Stadium and building a new stadium in addition to 700 housing units and commercial and retail businesses.
Fiacco told reporters that 75 per cent of the overall project would be funded by the private sector, but provincial government funding would be a requirement for the project to go ahead. Ken Cheveldayoff, the provincial cabinet minister responsible for the stadium file, said the province is still reviewing the request. He added the government would discuss ways it might consider funding the project, such as a loan or grant or combination of both. “We haven’t had a chance to do our due diligence on it, and I think it would be inappropriate for me to give any more information on a document that the city has put forward,� Cheveldayoff told r eporters. “But more information [will be] coming forward.�◆
BUSINESS INCENTIVE PROGRAMS WITH BOTTOM LINE BENEFITS.
B24
www.westerninvestor.com JUNE 2012WESTERN INVESTOR
SPOTLIGHT Tiny hamlets at centre of southern Saskatchewan’s expanding zone for heavy industry
WI STAFF WESTERN INVESTOR
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Population 70 h e m a n a g e r o f C h u b b y ’ s Workers in region 1,000 Convenience Store – the only store Average house price $225,000 and restaurant in tiny Belle Plaine Potential Industrial expansion, residential Mosaic Potash is among the large indusdevelopment – is too busy to talk to a reporter, but the trial plants surrounding Belle Plaine. industrial action that surround the hamlet speaks volumes. Dwight Mercer of Eco Research, part of the urban municipalities,� Mercer said.
5
Belle Plaine, population 70, about 20 minutes from both Regina and Moose Jaw, is at the centre of a heavy industrial makeover of southern Saskatchewan. Designated as the Belle Plaine heavy industrial node because of its location on Highway 1 with CP Rail and CN Rail access nearly right on the U.S. border, the area has already seen massive industrial construction. The only thing more common in Belle Plaine than hard hats and big trucks, it appears, are rumours. The one flying around Chubby’s these days is that a B.C. investment group has bought up a huge swath of land for a residential subdivision, perhaps with some retail competition. That rumour is true, according to consultant
Industrial Corridor Stakeholders Committee, which is mapping industrial development from Moose Jaw to Regina. More than $22 billion in major projects are slated for the province, and much of it will take place in this southern corridor. “There is a corridor bounded by the TransCanada Highway on the south, the existing and proposed Dewdney Avenue extension on the north from Moose Jaw to Regina and three main nodes of development within this rectangle,� Mercer explained. Three small towns in the corridor, including Belle Plaine, will have a buffer zone to separate them from the industrial projects. “We are in the final stages of completing the official community plans for the three small
Photo: Mosaic Potash
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He also confirmed another rumour: a large U.S.-based resource-linked company is planning to move into the Belle Plaine node. “We should have details in about a week,� Mercer said in early May.
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Belle Plaine represents a near-ideal area for large-scale industrial projects. The land is flat, transportation is excellent and it is close to two of the fastest-growing urban centres in Saskatchewan. Land values for industrial sites – which have averaged $2,000 per acre – are a fraction of that in Regina or Moose Jaw. “Belle Plaine is a sweet spot for developers,� Mercer said. Belle Plaine is already the site of theMosaic
Potash facility, which employs 700 and is undergoing an expansion, and the Kalium Potash mine. The world’s largest nitrogen fertilizer complex, Yara Belle Plaine, is right across the road, and the Nachurs fertilizer plant is nearby. Alpine Plant Food opened a $9 million facility in 2009 and theTerra Grain Fuels is in full operation. Proposed developments include plants by TransCanada Polygeneration, which would process low-grade oil, and ETX Systems, which is said to have bought 160 acres in the area. K+S Group, which owns Canadian Salt near Belle Plaine, is planning a new potash plant in the area, with production scheduled to start in 2015. In all, Mercer estimates that more than 1,000 people now work in the heavy industrial plants that surround Belle Plaine, but most of the workers commute from larger centres. Real estate agent Neil Sundeen of Hatfield Valley Agencies expects that to change. Sudan said he has investors from across Western Canada calling him about land in the area. Last month he listed a 139-acre greenfield parcel about 200 metres from Chubby. “It is right on Highway 1,� Sundeen said, adding it would be well situated for residential or commercial development. The aggressive asking price is $995,000, or about $7,000 an acre.◆
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B25
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
REGIONAL ROUNDUP Brandon lobbies WestJet to increase flights as more immigrants, investors arrive
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apid population growth, a booming economy and strong demand for housing are all characteristics of a big city, but officials in Brandon believe one thing is missing – a bustling airport.
Manitoba’s second-biggest city finally cracked the 50,000 mark in population, according to the most recent census, but its potential could go to the moon if only its people could take to the air. The airport is well used by an immigrant workforce that has made the city among the fastest growing in Western Canada. In 2010, more than 1,400 immigrants arrived in Brandon, double the number of four years eartlier. Seventy per cent of the 2,100 employees at Maple Leaf Foods, the city’s largest employer, come from Asia, South and Central America, and the Ukraine. That’s among the reasons Brandon’s mayor, Shari Decter Hirst, is hoping to convince WestJet to add the city to its list of new destinations next year. “We put together a very solid business case for WestJet, including looking at what enhancements they’re needing for our airport and what it will cost. We’re continuing to answer all of WestJet’s questions and we’re keeping the lines of communication open. We are really looking forward to having regularly scheduled air service to the city,” she said. The waiting, she noted, might be the hardest part. “It’s like being a teenage girl sitting by the phone waiting for a call to the prom,” she said. The city could support east-west business travel – many local executives currently drive to Winnipeg so they can fly to Calgary or Toronto – as well as the leisure and sun mar-
Photos: City of Brandon
3
TOP LEFT: Brandon house prices spike 6 per cent higher in past year, sparking a building boom. RIGHT, TOP: Welders at work on oil drill equipment: the city’s unemployment rate is 5.1 per cent, among the lowest in Canada. ABOVE: Brandon’s retail strip bustling as new immigrants, oil workers drive 11 per cent population growth in the last five years.
kets, she said. But having regularly scheduled air service is about more than just convenience, it’s fundamental to the quality of life in Brandon according to Sandy Trudel, the city’s director of economic development. “Time is money and for our executives to have the ability to fly where they need to go from our doorstep is a huge piece of the pie that we’re trying to secure. It could take Brandon to another level,” she said. WestJet won’t make a decision on any potential new routes until later this year, according to company spokesman Robert Palmer. “We’re still six to 12 months away from making any sort of announcement of where we’re going to fly with our new aircraft. At this point, nobody is on the list. There is no list. We’re looking at everybody who has expressed an interest and that includes upward of 30 com-
munities across Canada and Brandon is, of course, one of them,” Palmer said. Much has changed in Brandon over the last year – much of it related to the weather. The spring flood of 2011, a once-in-350-years event, caused rotating states of emergency and forced the evacuation of 1,700 houses and businesses. “It was all hands on deck, 24-7, sandbagging and building the dikes higher. This year is a walk in the park,” Hirst said.
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“Housing is expensive, developers are going crazy trying to keep up with demand and we’re working with our community partners to push through affordable housing. We’re delighted to be growing this fast but it certainly does cause some challenges.” The 2011 census also pegged the city’s popu-
lation at 52,000, an all-time high, representing 11 per cent growth from the previous census. That growth puts it on par with communities such as Calgary and Edmonton. Anybody who has driven around town lately or tried to get a table in a restaurant knows about the influx of people, but Hirst and Trude are happy to have outside confirmation o f breaking through the psychological 50,000person barrier. “It’s growth all the time, we’re a boom city,” Hirst said.
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Brandon is also starting to see some serious trickle-down effects from the red-hot oil industry in and around Virden, less than an hour’s drive to the west. For example, drilling company Trican
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Beautifully finished home just outside Boissvain, MB which is being used as a "Bed and Breakfast Retreat". Heavy oil industry presence in this area makes this an ideal investment. Five bedrooms and 5 full baths. Wayne Robertson 204-534-8177
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Well Services just set up in Brandon with its 40 employees. Businesses providing secondary services to the sector are demanding space in Brandon’s industrial parks, leading Hirst to say the city could be on its way to becoming “Calgary-light.” “We’re basically surrounded [by oil]. Lots of exploration is happening on our doorsteps in neighbouring communities. We have postsecondary, training for oilfield workers and we have great services around machining and welding, the nuts and bolts that keep the oilpatch running. We’re trying to anticipate the needs so we can have them ready,” she said. If that wasn’t enough, the city’s downtown is on the rebound, too, with construction of a new police station nearing completion and a new YMCA also being built. “The Y is going to be a redevelopment [hub] within the downtown. It’s an anchor,” Trudel said. The flurry of activity is putting upward pressure on housing prices.
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Michael Barrett, president of the Brandon Real Estate Board, said a typical home would fetch about $240,000 today, up 6 per cent from a year ago. Brandon has two types of houses: older stock built about 40 years ago – many of them are 1,200-square-foot bungalows or 900-squarefoot bi-levels – and new properties between
1,200 and 1,500 square feet. The latter have double- or triple-car garages, ensuite bathrooms and walk-in closets, standard features that were once the exclusive domain of the city’s high rollers. “People have more means today,” he said. Spurring sales is the fact that many of Brandon’s immigrants have decided to settle in the community, sponsoring their families – which takes a minimum of six months – and buying homes. “It still looks like a seller’s market. Every time it starts to look more balanced, it goes back to a shortage of inventory, particularly for homes under $220,000,” Barrett said.
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But it’s not all days of wine and roses. Brandon has a $165 million deficit and 20 per cent of its infrastructure is 100 years old. Hirst said she’s going to approach the province and the federal government about helping out with the necessary funding. “We have huge needs driving expansion and yet we still don’t have the capacity to repair our infrastructure. We need pipe in the ground, asphalt, sidewalks and lift stations [which keep water and sewage moving over distances],” Hirst said. The city also has to deal with new federal legislation that comes in July 1, which requires higher English proficiency for immigrants arriving under Manitoba’s foreign workers nominee program. As well as foreign workers, Brandon has a
Population 52,000 (2011 census) Biggest employers Brandon Regional Health Authority, Maple Leaf Foods Average detached house price $240,000 Annual immigration 1,400 (2010)
solid reputation hosting major sporting and other events in recent years and it will try to build off that in the future, too. For example, officials are currently working on a bid to host the 2017 Canada Summer Games, a showcase of the country’s amateur athletic talent that will take place right around the country’s 150th birthday. Brandon has also managed to lure several events from Regina, including Arabian Nights, which features a couple of thousand Arabian horses valued at $1 million each.◆
BRANDON, MANITOBA MOTEL: 54 ROOMS, LIVING QUARTERS, MAJOR HIGHWAY LOCATION ...........PRICE $959,000 MOTEL: 30 ROOMS, RESTAURANT LEASED OUT $4,000. PER MONTH, LIVING QUARTERS ......................................................................................................................................................................PRICE $1,399,000 MOTEL: 60 ROOMS FLAG, TRANSCANADA HIGHWAY, 15 AC OF LAND .......PRICE $2,550,000 MOTEL: 16 ROOMS, LIVING QUARTERS, LAUNDRY MAT, OIL COUNTRY, SALES $400,000 PLUS ....................................................................................................................................................................................PRICE $1,259,000 MOTEL: 24 ROOMS, RESTAURANT, NORTHERN MANITOBA ...................................PRICE $499,000 “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:
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DONE DEALS editorial feature will highlight deal flow in Western Canada. - ÜÊÌ iÊ >À iÌÊÜ >ÌÊ ÃÊ Û }Ê> `ÊÜ Ê ÃÊ Û }Ê Ì°Ê/ iÊ Ì ÞÊ Ài« ÀÌÊÜ Ê } } ÌÊ > ÀÊL>à V> ÞÊxä ÊõÕ>ÀiÊviiÌÊ ÀÊ ÀiÆÊ ÀÊ > `Ê `i> ÃÊ vÊfÓÊ Ê ÀÊ Ài®ÊV iÀV > ÊÀi> ÊiÃÌ>ÌiÊÌÀ> Ã>VÌ ÃÊÌ >ÌÊ >ÛiÊV Ãi`ÊÜ Ì ÊÌ iÊ >ÃÌÊÎä {xÊ`>ÞÃÊ Ê7iÃÌiÀ Ê > >`>°
Please send us the following information: UÊ 7 >ÌÊÜ>ÃÊà `Ê ÀÊ i>Ãi`¶Ê UÊ 7 ÊÜ>ÃÊÌ iÊÛi ` ÀÊ vÊ« Ãà L i®¶Ê UÊ 7 ÊÜ>ÃÊÌ iÊLÕÞiÀÉÌi > Ì¶Ê UÊ vÊÌ iÊ > iÊ vÊÌ iÊLÕÞiÀÊ ÃÊV wÊ`i Ì > ]Ê« i>ÃiÊÌi Ê Ü >ÌÊÌÞ«iÊ vÊLÕÞiÀÊ °i°]Ê, /]Ê ÃÌ ÌÕÌ > ]Ê V> Ê ÛiÃÌ À]Êv Ài } Ê ÛiÃÌ À]Ê Ü iÀÉLÕ `iÀ®Ê UÊ 7 ÊÜ>ÃÊÌ iÊ ÃÌ }Ê>}i ÌÉ>}i VÞ¶Ê UÊ 7 >ÌÊÜ>ÃÊÌ iÊÃi }Ê«À Vi¶
Please forward this information directly to
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Western Investor Editor at
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Franchises B27
WESTERN INVESTOR JUNE 2012 www.westerninvestor.com
Salad Loop sued by B.C. franchisee
A
franchisee has filed suit in BC Supreme Court against North Vancouver-based Salad Loop Group Investment Inc., the franchisor of Salad Loop salad shops. Vancouver-based SCH Enterprise Ltd. filed a civil claim April 26 against the franchisor, alleging that Salad Loop Group breached a franchise agreement. SCH claims that, as part of franchise discussions, Salad Loop Group principal Sean Kim promised SCH a 10-year lease term for a store location at 819 West Pender Street, advising that it would be based on a five-year lease and an optional five-year renewal. “It was fundamental to SCH that there be a stable location to operate the business and having 10 years to operate met SCH’s requirement,” the court document stated. The court document alleges that SCH paid approximately $190,000 to purchase the franchise from former franchisee Kwok & Tse Investment Inc. It further claims that, after the deal closed, SCH principal Huang Su-Chuan Yang again stressed to Kim the importance of having a 10-year operating term. “Mr. Kim confirmed that SCH would have the 10 years and that he would ensure that the option to renew would be exercised by Salad Loop Group under the head lease,” the document contended. However, the suit allegeed, “Salad Loop Group negligently failed to notify the landlord of the option to renew for the five years under the head lease and as a result the option was no longer available.” The plaintiff claims that Salad Loop Group “fundamentally breached” the franchise agreement with SCH or alternatively “repudiated the franchise agreement and SCH accept-
ed the repudiation.” SCH is seeking a declaration that Salad Loop Group fundamentally breached the franchise agreement and damages. None of these allegations has been proven. As of press time, no statement of defence had been filed. According to Salad Loop Group’s website, the company has 10 Lower Mainland locations, including the location identified in the civil claim. – With files from BIV
7-Eleven inks deal with ATM provider
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xpanding on an already extensive relationship, ATM giant U.S. Business Group, Cardtonics, has been named the exclusive provider to all 7-Eleven Inc. stores in Canada and will soon serve the convenience store chain in the United States. Cardtronics’ new portfolio of 7-Eleven Canada-located ATMs begins at a machine count of 472. Cardtronics expects to complete deployment of new Cardtronics-owned ATMs for all 7-Elevens in Canada this summer. “7-Eleven has the largest ATM network of any retailer in the United States, with Cardtronics providing ATM services to the vast majority of 7-Eleven ATMs,” said Rick Updyke, president, U.S. Business Group, Cardtronics. Cardtronics first entered the Canadian market with nearly 600 ATMs in late 2011 with its acquisition of Mr. Cash. Based in Dallas, Texas, 7-Eleven operates franchises or licenses more than 9,100 7-Eleven stores in North America. When the company develops a site, the investment can range from $1 million to $2 million per store. A typical initial cash payment to 7-Eleven for
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hindico Realty Inc., exclusive tenant representative for Boston Pizza in Manitoba, has announced the opening of a new Boston Pizza in late 2013 in Winnipeg in a Safeway-anchored mall in the North Kildonan area of Winnipeg. The Enright Group, a leading Boston Pizza franchisee, also has plans to open a franchise in Steinbach, company co-owner Boston Pizza sees Manitoba as prime area Richard Enright said. The two additions will give Enright for growth. Group, owned by Enright and his wife, Kim, 13 Boston Pizza franchises in the province. It already has nine in Winnipeg and one each in Selkirk and Portage la Prairie. But they have no intention of stopping at 13 restaurants. “There is a demand for our brand, and there are still a number of areas where there’s lots of potential [for expansion], including west Winnipeg and out by Sage Creek [in southeast Winnipeg],” he said. The Enrights opened their first Boston Pizza franchise 15 years ago at Portage Avenue and Moray Street. They also own franchises in Ontario. Richmond, B.C.-based Boston Pizza International Inc. has more than 340 restaurants in Canada and has been recognized as one of Canada’s 50 best-managed companies. A Boston Pizza franchise requires a total investment of from $1.7 million to $3.1 million, with an initial franchise fee of $40,000. Photo: Boston Pizza International Inc.
News, views and updates on Canada’s franchise industry
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a franchise is about $89,000.
Manitoba franchise rules are changing
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ffective this October 1, Manitoba will have a new franchise law that codifies statutory enshrinement of franchisee rights. The province follows Alberta, New Brunswick, Ontario and Prince Edward Island, which have similar legislation. This means franchisors in Manitoba will be required to provide prospective franchisees with franchise disclosure documents (FDDs). Overall, the disclosure requirements for Manitoba are fairly consistent with the other provinces, as well, so national franchisors should be able to work with their lawyers to smoothly augment existing FDDs with the changes needed for Manitoba, according to Chad Finkelstein, a franchise lawyer at Dale
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& Lessmann LLP in Toronto. Electronic delivery of an FDD is permitted in Manitoba, so franchisees will not have to rely on registered mail or personal delivery as are specified elsewhere. This should facilitate the efficient delivery of FDDs from franchisors located in other provinces or outside of Canada entirely. Another technical requirement that is unique to Manitoba is that FDDs need not be delivered “as one document at one time.” In other provinces, franchisors must ensure that the franchise disclosure document is delivered as one fully assembled package all at the same time, and not in installments. Under the Manitoba franchise law, no such requirement exists so long as each document is identified as “part of” the disclosure document, and “a certificate verifying the accuracy and completeness of the FDD is included with the last document delivered to the franchisee,” Finkelstein explained.◆ – Compiled by Kevan O’Brien
B28
www.westerninvestor.com JUNE 2012 WESTERN INVESTOR
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