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For SalE - PrincE GEorGE Bc
Publications Mail Agreement 40069240
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COMMERCIAL REAL ESTATE, FRANCHISES AND BUSINESS OPPORTUNITIES
INTERIOR B.C. • ALBERTA • SASKATCHEWAN • MANITOBA section
HO OO OTTEERRSS SSPPO ORRTTSS PPU UBB SSH
0
$4.29 september 2012 Vol. 27/issue 9
SPIRIT BACK IN OKANAGAN 17
Chief Clarence Louie of Osoyoos Band: Unique land leases spur luxury housing
Business, Land and Building Healthy 11.1% Cap Rate Turn key operation Entertainment - live bands with dance floor Party atmosphere - large outdoor patio with radiant heat
Shooters Sports Pub is located in the heart of the Prince George's Sports/Entertainment action. The CN Centre, Kin Centre, Aquatic Centre and PG Soccer Pitch are all in the neighbourhood. This location is exposed to high traffic volumes and patrons attending WHL Cougars games, major amateur sports including Canadian curling championships, soccer, lacrosse as well as international entertaiment such as Elton John, Bill Cosby, Alan Jackson and many more. An excellent business / investment opportunity.
Price: $2,999,500
For details contact:
Denis Dunkley
250-613-2700 denisdunkley@remax.net
RE/MAX Centre City Realty
1679 15th Ave Prince George BC V2l 3X2 250-562-3600 Each RE/MAX office is independently Owned and Operated
7 QUIRKY KOOTENAYS
“Organic” developer merges sustainability with land sales
15 LETHBRIDGE OIL PLAY 21 POWER OF JEDI 27 ALBERTA REPORT
28 BORDERING A BOOM 30 MANITOBA UPDATE 31 FRANCHISE NEWS
The worlds largest Contempo Spa is now Franchising in your area. Experience the ultimate in spa treatments and superior customer service that has made Planet Beach the World’s largest, fastest growing neighborhood Contempo Spa franchise. Mark Blaney • 780-416-1009 • www.planetbeach.com mark.blaney@planetbeach.com Planet Beach Western Canada
B2 Interior British Columbia Colliers International Centre Group Commercial Realty Kelowna, B.C. 250.763.2300 www.colliers.com/kelowna
www.westerninvestor.com SEPTEMBER 2012 WESTERN INVESTOR
Colliers International Centre Group Real Estate Services Kamloops, B.C. 250.372.7000 tOWER RANcH gOLF cOURSE Residential Development Land
MULtI tENANt REtAIL
10,480 sq ft building located in downtown kelowna. income producing. List Price: $1,450,000 Jeff HudSOn* & M. Mcanerney*
KELOWNA MIXED USE
4 acres directly across from Orchard Park Mall. Potential to rezone to commercial & hi-rise. List Price: $6,900,000 C. BiafOre / M. Mcanerney*
Single family / Townhouse / Multi family. Maximum of 580 homes on 130 acre site. Spectacular views of Okanagan Lake.
WESt KELOWNA INDUStRIAL income producing office / warehouse plus 3.68 acres development land. List Price: $3,195,000 eriC WeBer* / Jeff HudSOn*
reduced to: $11,500,000 M. Mcanerney* & CHad BiafOre
REStAURANt OPPORtUNIty
OKANAgAN REtAIL PLAzA
•
10,928 sq ft centre at signalized intersection. new leases include Mac’s & Spa Pure. List Price: $2,400,000 Jeff HudSOn* M. Mcanerney*
955 tIMMINS St, PENtIctON
Fax:
230 cARION ROAD, KELOWNA
108,000 sq ft warehouse / manufacturing plant CONSULTANTS • MEMBER of the Canadian 17,000 sqI.C. ft warehouse situated on 2 acres, MOTEL, HOTEL & BUSINESS & I Council List Price: $949,000 on 6.65 acre site, adjacent Canadian Tire. zoned i3. 3,440 sq ft office space. 201-1449 St . Paul St., Kelowna, B.C. V1Y 2E5 List Price: $5,950,000 List Price: $2,390,000 MeGHan O’Mara / eriC WeBer* Mike GeddeS* eriC WeBer*
250-862-8100 250-984-0803
O f fice:
Modern, upscale restaurant & lounge with outdoor patio, located in the Lower Mission area of kelowna. near resorts and recreation amenities.
Syd Berisoff Agent/Broker
syd@syberrealty.com
Larry Berisoff Associate Broker
Jody L. Miller
Personal Real Estate Corporation
larry@syberrealty.com
jody@syberrealty.com
MOTEL, HOTEL & BUSINESS CONSULTANTS • MEMBER of the Canadian I.C. & I Council
To view photos on these and other opportunities ourSt., website www.syberrealty.com 201-1449 St . visit Paul Kelowna, B.C. V1Y 2E5
•
250-862-8100 250-984-0803
O f fice: Fax:
Syd Berisoff Agent/Broker
syd@syberrealty.com
Larry Berisoff Associate Broker
larry@syberrealty.com
To view photos on these and other opportunities visit our website isting
okanagan - great cash flow! • Located in Ski Hill Resort • Snow Removal & Maintenance Business • Established for 14 + Years. Excellent Clientele • Well Cared for Equipment. Great Business! Asking $ 485,000
okanagan Motel • 28 Units with a 3 Bedroom Owners Suite • Built in 2007 – Very Good Condition • Revenues are Growing • About Ten Minutes from Kelowna Airport Asking $ 2,090,000
ng
www.syberrealty.com
princeton, b.c. • 22 Unit Motel – 3 Bedroom Owner’s Suite • Bonus 12 Seat Sushi Take Out for Extra $$$ • Indoor Pool and Hot Tub. • Many Recent Upgrades Asking $ 899,000 Asset Sale! ed
pendi
reduc
okanagan rv park • Located Across the Street from Lake Osoyoos • Access to Beautiful Sandy Beaches • 52 Sites plus 12 Cabanas on 2.77 Acres • Wonderful 4 Bedroom Character Home Asking $ 1,199,000
other businesses
revelstoke little caesars, Ideal For Owner Operator
jody@syberrealty.com
sold
new l
osoyoos restaurant Great Sales and Reputation
Jody L. Miller
Personal Real Estate Corporation
new hazelton • 12 Unit Motel on Busy Highway 16 • Immaculate Rooms in great Condition • 3 Bedrooms, Bathrooms Redone! Heat AC Units • Priced at less than 3 X Gross Asking $ 349,000
raMada • 45 Units Located in Southern B.C. • Excellent Condition. Many Upgrades, TVs, Granite Counters, Paint etc. • Outdoor Pool. Restaurant Space Lease or Use Asking $ 3,249,000 $2,995,000
liquor stores $ 295,000 $ 119,000
oliver garden centre, home, business 1.9 Acres, $ 988,000 kindersley, sk commercial building 3 Tenants, $ 895,000
ed
reduc
christina lake • Very Well Kept 12 Unit Motel • 2-3 Bedroom Living Area & 1,000 Sqft Workshop • Many Improvements including Roof • Ideal for a Seasonal Business Asking $ 495,000 $449,000
grocery & convenience stores riondel bc - grocery, bakery , liquor Very Nice Lakeside Community $ 499,000
quesnel – liquor store and pub Great Location $ 1,550,000 enderby - liquor store 10 Rooms, Pub & Café. Great Parking! $ 999,000 southern alberta, liquor store Second Floor Apartment,
econolodge inn and suites • 43 Units located in the Heart of Kimberley • Many renovations including roof and elevator! • Leased restaurant – 5 yr term! • Minimal Competition! Close to Airport, Golf , Skiing Asking $ 1,975,000
$ 869,000
north okanagan, liquor store 20 Rooms, Pub & Restaurant. $ 2,475,000
armstrong –grocery , takeout food etc. Excellent Building – Easy to Operate $ 529,000 Mobile hoMe park • 20 pads - always full! • Same owner for 17 Yrs! • Manager in place, Easy to Operate! • Near Williams Lake • Lagoon and well (new pump) Asking $ 649,000
Merritt – great home, grocery takeout food Busy Area – Homes Apartments & School $ 849,000 vernon- residence, deli, grocery, extra lot Close to Hospital. 3 Bedroom Home, Busy! $ 1,228,000
contents september 2012
interior b.c. • alberta • saskatchewan • manitoba section On the cover Chief Clarence Louie of the Osoyoos Indian Band: transferring native land leases to Crown leases eases concerns. Photo: Osoyoos Indian Band
FEATURES 17 ON THE COVER Bellstar moving upmarket
Unique land-lease agreement anchors luxury home project
7
Sustainability sells in the Kootenays
“Organic” lakefront development leads sales in the region
15 Lethbridge: Is the Bakken oil rush for real?
Giants spend $500 million seeking next Alberta elephant
28 Bordering a boom in unique Lloydminster City benefits from straddling two hottest economies
sPECiAL sECTiON • b16 LIFESTYLE PROPERTIES
AdvERTISING dIREcTORy 2–12 iNTERiOR/NORTHERN b.C. 13–25 ALbERTA 25–30 sAskATCHEwAN & mANiTObA 31 FRANCHisEs MORE OPPORTuNITIES …
COLUMNS 27 WHAT’S HAPPENING IN ALBERTA 30 WHAT’S HAPPENING IN MANITOBA 31 fRANcHISE NEWS
• LOwER mAiNLANd, b.C. • VANCOuVER isLANd … sEE sECTiON A
6 0 4 - 6 6 9 - 8 5 0 0 o r 1 - 8 0 0 - 6 6 1 - 6 9 8 8 f a x : 6 0 4 - 6 6 9 - 2 1 5 4 i n f o @ w e s t e r n i n v e s t o r. c o m w w w. w e s t e r n i n v e s t o r. c o m 1 0 2 E a s t 4 t h A v e n u e , Va n c o u v e r, B . C . V 5 T 1 G 2
HIGH EXPOSURE, CENTRAL LOCATION 0.63 ACRES COMMERCIAL DEVELOPNEW TILT UP INDUSTRIAL BUILDING SHORTER TERM SUB-LEASE & GORGEOUS BUILDING 1,569 - 7,295 SQUARE FEET AIRPORT INDUSTRIAL UNIT MENT LAND - WEST KELOWNA, B.C. Turn-key retail space available with 1,500 - May be possible to purchase 1.26 acres. Approx. 1,886 square foot industrial strata 3,000 square feet. This unit already has a Lease Space on McCurdy Road. This bare land development piece can unit available for sub-lease until August 31, retail showroom, warehouse space, a rear accommodate numerous commercial retail Air conditioning, gas fire, forced air, electric, 2014. 12’ x 14’ over head grade level door overhead door and a 2-piece washroom. and professional uses. There are already 200 amp., 3-phase power all available. and a two-piece washroom. multiple neighbouring national tenants. Asking: $19.00 psf plus CAM MLS® Asking: $12.50 psf plus CAM MLS® Asking: $529,900 + HST MLS® Asking: $13.00 psf plus CAM MLS® APPROXIMATELY 115.68 ACRES LAND ASSEMBLY IN NORTH GLENMORE/UNIVERSITY DISTRICT
McLAUGHLIN COMMERCIAL GROUP RARE, NEW FEE SIMPLE MIXED BUILDING
+/- 6,581 SF - 6 STRATA UNITS
Newly constructed corner fee simple mixed use building is completed. 3 residential and 3 commercial strata units. Full Building: $2,000,000 plus HST Commercial Only: $1,200,000 plus HST
NORTH GLENMORE COMMERCIAL DEVELOPMENT OPPORTUNITY Approx. 3.32 acres with C9 zoning. Currently being operated as a mobile home and RV park. Site currently also has two residences. Neighbouring current UBCO bypass from Glenmore Road. Asking: $3,300,000.00 Exclusive
COMMERCIAL REAL ESTATE PORTFOLIOS KEN McLAUGHLIN KRIS McLAUGHLIN 250.870.2165 250.870.7845
ken@commercialbc.com
kris@commercialbc.com
www.CommercialBC.com
RE/MAX Kelowna - #100 - 1553 Harvey Avenue, Kelowna, BC, V1Y 6G1
HIGH EXPOSURE - CENTRAL KELOWNA 1.78 ACRES PRIME DEVELOPMENT LAND Located at the corner of Spall Road and Enterprise Way lending itself to be one of the best undeveloped commercial pieces left in Kelowna. Asking: $3,999,000.00 plus HST MLS®
Minutes from Kelowna’s International Airport. One side abuts golf course in Quail Ridge. Gravel Pit is a permitted use! 70.80 Acres - Lot D 15.63 Acres - Lot 1 11.62 Acres - Lot 9 9.10 Acres - Lot 10 8.98 Acres - Lot 8
$4,766,800 $1,161,000 $ 849,000 $ 682,500 $ 673,500
This assembly comprises 5 lots that can be purchased individually or as a complete package.
Asking: $8,132,800.00 MLS®
INVESTOR ALERT - AAA NATIONAL TENANT IN PLACE Industrial strata unit with approx. 1,282 1/4 Section of non-ALR, lakeview land with square feet and new improvements in the potential to subdivide into 14 x 10 acre place. Priced below assessed value and a lots. Approx. 20 minutes from downtown AAA Tenant with a lease in place for over 4 Kelowna. more years! Asking: $1,990,000.00 plus HST MLS® Asking: $189,900.00 MLS® APPROX. 160 ACRES OF RESIDENTIAL DEVELOPMENT LAND
B4 Interior British Columbia REDUCED $895,000 BELOW APPRAISED VALUE! MERRITT COQUIHALLA TRAVEL CENTER High visibility site. Travel plaza with gas bar, large convenience store, restaurant, Greyhound depot, extensive washrooms, storage and open court for future expansion and additional tenants. 15,800sq/ ft 10 year old steel frame building. 4.522 acre site. REDUCED TO $3,580,000
www.westerninvestor.com septemBer 2012 WESTERN INVESTORW
SHUSWAP LAKE 305 Shuswap - Chase Creek Rd Chase BC KADREA 109508 Price $679,000 Enjoy the Outstanding views of the South Thompson River & Valley from this South facing Executive home on 13 Acres. C/W large open kitchen, dining & living room. This Home has too many extra’s to mention. Offers Privacy and Country living. A Must See.
KAMLOOPS, BC & AREA • Future Mobile Home Park - Clearwater, BC – 15 ac + 2.7 ac, Hwy Comm. Reduced to $224,900 • Investors – Great Potential – 5 unit mini mall + ¾ bsmt partly finished w/ bachelor suite, & extra lot to expand. All on hwy frontage in Barriere, BC. Reduced to $349,900 • U-BREW Business – Great little bus, owner retiring. Only U-Brew in the area – Chase, BC. Excellent community to work & live in. Business has won many awards. Incl: business, equipment, leasehold, improvements. $119,900 • Kamloops city center building for sale – Approx. 2133 sq.ft. on the main floor plus full basement. $550,000
DAVID PERESSINI Email: dperessini@shaw.ca 250-374-1461 or 250-371-3022
Westwin Realty
Great mobile home park potential
2110 Husband Rd Sorrento BC MLS 10049301 Price $679,000 Calling all Horse & mixed animal Lovers. 72 acre parcel of farmland approx 20 acres cleared. Property boasts a well Maintained Home & numerous outbuildings including but not limited to 24X70 Workshop Barn Horse Sheds. Property is fenced and X Fenced. PROPERTY LOTS starting at $20M
This property is located on the Kettle River with over a kilometer of riverfront in a beautiful east to west running valley. 45+/- acres comes with a modern 6,000 square foot office building. Make offer
Contact Quintin @ 406-375-4280 or email Quintin@foxlumber.com
KAMLOOPS 429 Tranquille Road • Great investment opportunity located a few minutes from downtown Kamloops • Top floor is vacant, 2600 sq.ft. (approx.) • Small office unit and storage on bottom level • Current net income of $35,000 $799,000
246/248/250 Victoria Street • Approx.12, 000sqft, beautifully restored building w/ new plumbing, electrical & drywall throughout • Interior & exterior showcase original exposed brick, 10’ high ceilings in the residential apartments and 13” high ceilings in the main floor retail. • Completely leased; 2 Retail , 2 Office & 2 Res. Tenants - gross rental income of $155,599(inc.HST).
Mona M. Murray Dip. ULE, RI (BC), CPM 250-372-2277 mona@mcmrealestate.ca
www.mcmrealestate.ca
Commercial – Clearwater, BC Reduced to $ 224,900
• Juniper West res. lots starting at $135,000 • 6.28 acres hillside Westsyde. Sell the dirt, future
development. Kamloops, BC
$175,000
up for water, power at road Reduced to $115,900
TREV MANZUIK 250-833-8771 OFFICE: 250-832-7051 TF: 1-888-676-2435 RE/MAX Shuswap Realty Salmon Arm, BC
AttEntIon BUIldInG ContRACtoRs – ongoing development w/premium residential lots – some approved w/suites, some w/views. Kamloops, BC starting at $135,000
Call MARVIN MATT
1-250-319-8784 KAMLOOPS REALTY LTD.
mmatt@shaw.ca
www.realestatekamloops.ca
O K A N A G A N – B .C . I N T E R I O R I N V E S T M E N T
O P P O R T U N I T I E S
NEW LISTING MOBILE HOME PARK NORTH OKANAGAN
• 65 Sites • Situated On 22.88 Acres • Community Water • Full Occupancy Last 20 Years • Close to all Amenities • Same Owner 30+ Years • OCP Allows Future Redevelopment Potential • Shows 6.0% Return Asking Price $3,500,000
INDUSTRIAL BUILDING ON .89 ACRE SITE - PENTICTON FOR SALE OR LEASE • 16,000 +/- Sq. Ft Concrete Building • 824 Sq. Ft. Office Area • 3 - 16 Ft. High Overhead Doors • 2 Enclosed Loading Docks • Fully Fenced Yard Asking Price $1,599,000
TING
NEW LIS
$100,000 PRICE REDUCTION CHRISTINA LAKE CAMPGROUND LLER !
TED SE MOTIVA
Robbins 429Baskin Tranquille Road • The WORLD’S LARGEST chain of ice cream specialty shops! • Turnkey, Established Opportunity for Ice Cream Franchise • High Traffic location beside new Library, Holiday Inn & Suites, and 151 Residential Condos • Current Owners willing to train & assist with start-up. $95,900
ACREAGEs & BUIldInG lots
• Prestige subdivision, sweeping view lot – Aberdeen $299,000 • 17 acres zoned for Mobile Home Park & Highway
• Lakeview Shuswap Lk. Eagle Bay – 1 acre lot – hook-
See all my Listings on okanaganshuswap.com
In Midway, B.C., minutes from the US border.
• 14 unit motel – Clearwater, BC – 8 attached units + 6 separate cabins, plus office with owners’ suite. On 3.26 acres along river channel. Buildings are in great condition. Monthly rentals plus daily summer rentals. $549,900
• 75 Sites with Full & Partial Services • 4.91 Acre Nicely Treed Property • Close to large public beach • Easy access off Highway 3 • Full facilities including pool • Operates May 1 to September 15 • Perfect for semi retired couple • First time on market in over 20 years New Asking Price $599,000
VERNON SELF STORAGE BUSINESS OPPORTUNITY YOUR CHOICE OF TWO PURCHASE OPTIONS ENT EXCELL
OME
NET INC
Option 1 Business Only Lease Land 9.5% Rate of Return Price $1,899,000 Option 2 Business plus Land & Buildings 7.7% Rate of Return Price $4,199,000 • 2.71 Acres • 262 Units plus 81 Storage Containers • Gross $495,000 +/-
VADIM KOBASEW CO M M E RC I A L R E A L ES TAT E S P E C I A L I S T
250-492-2233 / 1-800-567-6770 RE/MAX FRONT STREET REALTY, PENTICTON, B.C.
WESTERN INVESTOR septemBer 2012 www.westerninvestor.com
Interior British Columbia B5
COMMERCIAL DIVISION
250-763-4343 1-888-535-6962
Horizon Realty Kelowna
Gary Bowker Tim Down
Ed Lugossy
Bill Raine
Experience is the Difference!
• Sales • Leasing • Investment • Business • Consulting
FOR SALE 3-1980 Bredin Road, Kelowna BC
$495,000 MLS® 10052185
260 Okanagan Ave. East, Penticton BC • 33,000 sq ft, freestanding building • Office and warehouse areas • Corner lot with excellent exposure • Easy access to Hwy 97 S • 14 on site parking stalls $3,150,000 Exclusive
Okanagan Business Centre
• High quality concrete building • Central Kelowna location • One storey unit with show room and mezzanine • 1,775 sq ft on main, plus 690 sq ft mezzanine • 10’ x 14’ overhead door • C - 10 Zoning, commercial mixed
• M1 zoning, Industrial/ Commercial
• Build to suit • Drive thru setup • 15 Car stacking • Corner unit • High profile location,Hwy 97 Drive thru
Carrington Business Park
Office professional 4-6 Building site
• Buy your building • For purchase or lease • Will build to suit • Service commerical building • Office professional builiding
Service Commercial 4 Building site
ED LUGOSSY 250-870-2801 elugossy@gmail.com
GARY BOWKER 250-763-4343 gbowker@coldwellbanker.ca
MULTIFAMILY
LEASE OPPORTUNITIES
42 Unit Apartment Building, Penticton Penticton apartment building
Peachland Restaurant
21 - 2 bedrm, 15 - 1 bedrm & 6 bachelors. Recent upgrades stable cash flow with upside for revenue growth.
MLS® 10049223
with 42 units, 27 - 2 bdrm, 9 - 1 bdrm, 6 bachelors, plus 2 offices, major reno’s in 2007-2008, good cash flow, RM3 zoning, Exclusive listing
LAND OPPORTUNITIES • 5225 Highway 97 N, Kelowna 3 acres with 469’ of frontage, non– ALR land near Kelowna International Airport and UBCO MLS® 10009764
• 1740 KLO Road, Kelowna
9.2 acre vacant parcel centrally located in the Mission area of Kelowna with over 700 feet of road frontage on upgraded 4 lane road currently in the ALR and farmed MLS® 10042769
• Appleway Blvd, West Kelowna 7 lot residential subdivision (R2 -duplex zoning) in West Kelowna with lake views near Mission Hill Winery MLS® 10042571
• 5944, 5948, 5968, Hwy 97 S, Peachland 3.07 acres of prime highway development land across from Okanagan Lake MLS® 10014647
Light Industrial Strata Unit in West Kelowna 1,399 sf, 20 ft ceilings, 12 x 14 single o/h door, central location MLS® 10037517
• 6708 Fenner Street, Summerland 56 acres of south facing slope offering panoramic Okanagan Lake and valley views, Perfect for a private estate with potential vineyard areas. Exclusive Listing
• 7974 Silverstar Road, Vernon 40 acres with approval for subdivision into 7 estate lots with panoramic lake, city, and valley views MLS® 10044953
TIM DOWN 250-864-9140 tim@timdown.ca
Fully updated, equipped restaurant with bonus one bedroom suite at rear of building. Outdoor patio seats 20, indoor dining room seats 40. Exclusive. $3750/month
Great Opportunity To Lease Space.
Former restaurant site. Great traffic on Main Street in the heart of West Kelowna downtown area. Currently vacant, easy to show. Some equipment available. $1750/month
BUSINESS OPPORTUNITIES Small Structural Engineering Firm Shares of KD Ketchen & Associates Ltd. Small structural engineering firm
providing quality Structural Consulting services including design & document preparations, construction review, & investigations for commercial, light industrial & residential buildings. Specializing in steel connection design. This unique application makes this business in high demand. Strong client base throughout the province. The company also reaches outside of BC to the rest of Canada & the US markets. Great income base & the ability to expand the MLS® 10051379 business.
Subcity Donair New and
existing locations available throughout BC. Join the hottest new franchise concept. Full Training provided, low start-up fees. Exclusive.
MLS® 10057927
Japanese Restaurant Newer small restaurant in the heart of Glenmore.
Great exposure in primarily residential area with little competition. Current use is Japanese. Exhaust system, coolers, 2 washrooms, nice decor. MLS® 10050440 $60,000 Must be sold.
Construction and Renovation Watch your business grow with this exciting opportunity. Rock walls, large or small landscaping features, trucking and crane operation. This profitable business is self sufficient with 10 employees including designer. Must be sold due to other commitments. MLS® 10048823 $359,000
BILL RAINE 250-870-6210 braine@coldwellbanker.ca
www.bccommerciallands.com
B6 Interior British Columbia BUSINESS AND INVESTMENT OPPORTUNITIES • 130 Acres Industrial Property – Hwy & Rail Access $995,000 • Commercial Lot Cache Creek – 306 ft. Hwy frontage $179,000
SOLD
• Licensed Care Facility – Kamloops – 9 bedrooms, 7 bathrooms on spacious lot. Built in 2008. Has all amenities needed. Reduced $549,900 COMMERCIAL BUILDINGS • Kamloops – 6100 sf bldg. Large yard
$995,000
• Kamloops – 2 Tenants – 8.5% Cap
$450,000
• Kamloops – Future Highrise expansion
$1.4 Million
• Cache Creek – Hwy Frontage – Secure Yard
$369,000
DwIGhT VOS
phone: (250) 554-4511 toll free: 1-866-456-0577 Best-West Realty ltd. kamlOOPs email: dvos@kadrea.com
www.westerninvestor.com septemBer 2012 WESTERN INVESTOR
Radium
SALMON ARM, B.C. Reduced to $459,000
HOT SPRINGS Motel
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 sixplex. 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.
The HEIDI LUSSI Real Estate Team
SALLy SCALeS
sallys1@telus.net 250-833-2129 •
DEVELOPMENTAL LAND AND
GOLF COURSE FOR SALE D
DUCE
E RE
PRIC
S H U S WA P Business with Building
GREAT opportunity to own your own business.
Aaron Priebe
This 3-storey building contains two/three bed room suites, upper, lighting showroom on main with warehouse in basement.
•
IN THE BEAUTIFUL BC INTERIOR
at LivingInPenticton.com
LOCATIONS WEST
Dwight Vos 250.371.7992 Tracy Mackenzie 250.318.2938
162 Acres • 9-Hole Golf Course • Club House • Residence • Trades Considered
• • • •
•
Established 22 Unit Motel on Busy Highway Close to Radium Hot Pools, Golf Courses 3 Bedroom, Large Owner Residence Outdoor Pool and Hot Tub Solid Financial History Popular Destination Motel
Heidi Lussi Personal Real Estate Corporation
RE/MAX Vernon 5603 – 27th Street, Vernon, BC V1T 8Z5
CRUSH BISTRO $139,000 + applicable Taxes
Wende Brash 250-342-1300 Cell Broker/Owner
BEST-WEST REALTY LTD. 250.554.4511
Deutsche Beratung
$995,000
RE/MAX Invermere 250-342-6505 Office
• Fine dining bistro to accomm Vernon’s Bus Clientele. • 50 seats inside, 10 outside; downtown, main street. • Open for lunch & dinner, Showing good Revenue for the hours open. • Specialties, wine tasting, weekend brunches, catering opportunities. • Included: Equipmt, lease hold imprvmnts & business.
Opportunity is Knocking: Franchise For Sale Real Estate Office in Booming Tumbler Ridge, BC
250-463-9777
ROADHOUSE DINER • ½ acre commercial lot with restaurant building. • Currently a diner, hwy exposr, new inside, new equip. • 54 seat restaurant + 32 seat patio overlooking farmland; fully licensed. • Owner selling for personal reasons, will lease or sell premises. Bring offers. • $485,000 + applicable Taxes
COMMERCIAL BUILDING FOR SALE OR LEASE
*NEW*
$698,000 + applicable Taxes
AquilA busiNEss pArk 7 Exceptional Properties in Coldstream/Vernon Min. 2.5 Acre Lots – Zoned General Industrial
YOUR CHANCE TO LIVE AND OWN YOUR OWN BUSINESS IN THE OKANAGAN VALLEY!
This office achieves remarkable returns, and the sale includes a property management portfolio of approximately 140 properties, 2,200 square foot recently developed strata office unit and all equipment. Current office space can be leased or purchased.
• Well kept Commercial Building in Vernon (cap rate 6.5 – 7%). • 3000 sq ft office/retail lease space divided into 3 lease spaces. • 2 bed, 1 bath 1209 sq ft residential suite. • Built in 1992, new roof 2 years ago, new outside paint, & repaving of parking lot last year.
VERNON SWAN LAKE CAMPGROUND
Personal health necessitates this sale. The owner, Peter J. Thompson will consider all proposals, discuss financing, property trades or a combination. • Investment or Area to Customize to your Company's Requirements • Fully Serviced Lot includes Geotechnical, Environmental & Septic Reports • Upgraded & Paved Access to Highway 6 • Railway Siding borders the subdivision • Situated minutes from Hwy 97 & Vernon • District has established Property Improvement Tax Incentives • Bring Your Plans or Will Build to Suit
Only 5 Lots Remaining Starting @ $845,000 Doug.roberts@Telus.net or 250.801.8380
For further details and an information package, please contact Peter J. Thompson
Peter J. Thompson, M.Ed. Managing Broker T: 250-242-2050 C: 250-242-1287 1-877-242-2050 peterthompson@remax.net
RE/MAX Tumbler Ridge Realty www.remax-tumblerridge-bc.com
• • • • •
Turnkey Operation. Live on site, 5 Bedroom Residence. 56RV Sites + Show Room. 450ft Lakeshore; 2.56 acre property. $1,785,000
Call us today for all your real estate needs! • Homes & condos • Commercial • Hobby farms • Horse properties • Waterfront recreational Toll Free: 1-800-667-2040 Bus: 250-503-3487 Email: heidi@heidilussi.com
HeidiLussi.com
B7
WESTERN INVESTOR septemBer 2012 www.westerninvestor.com
REGIONAL ROUNDUP “Organic” developer taps into sustainable sales strategy as Kootenays recover
WeSTeRN INVeSToR
D
eveloper Oliver Berkeley walks a visitor past an in-progress 2,100-square-foot waterfront house, where the owners have so far spent more than two years and north of $5 million. He gestures to a lot next door where a modest yurt is balanced on the rocky shore of Berkeley’s 450-acre Kootenay Lake Village. “That is the house that should win any environmental design award,” he said.
It’s this rather skewed perception of real estate economics that’s helped make Kootenay Lake Village the fastest-selling – and perhaps the most vulnerable – property development in the West Kootenays. The Village stretches for three kilometres along the eastern shore of Kootenay Lake and far up the heavily wooded slopes behind it. The project began eight years ago when British-born Berkeley, once a high-priced project manager on global construction sites, bought 430 acres of public forestry land for approximately $1.9 million. To protect the vision he had for the property, he then paid an Alberta family $3 million for 20 more acres of lakefront land at what is now the entrance to Kootenay Lake Village. “I was afraid [that site] would be turned into an RV park,” he said. Today, 40 owners have bought lots at Kootenay Lake Village and eight houses are complete or under construction. The Village
has outsold all other developments on 110-kilometre Kootenay Lake in bare-land sales. While this reflects the slow real estate sales in the region, it also suggests that Berkeley’s approach to creating a community to live in – rather than a resort to escape to – may have struck a chord. Said Berkeley, who lives onsite with his wife and three children, “We take an organic, sustainable approach to development.” Also, quirky. At Kootenay Lake Village, building lots must match the local environment, not the other way around. They must also be sensitive to wildlife corridors and, ideally, follow the contours of the land. The result is that the building lots, while large, are far from uniform. And there are no rigid architectural controls on what can be built. “We don’t care what you build as long as no one else can see it from their lot,” Berkeley explained. Additionally, the best walk-on waterfront beach in the development has been turned into a community park. All in, 90 per cent of the forest ecosystem is protected and 70 per cent of the acreage is dedicated to wildlife reserve and community recreational parkland, attracting many hikers and mountain bikers from Nelson, which is half an hour away.
Seeks partner
The building lots are inexpensive. Half-acre waterfront lots start at less than $350,000 and large view lots average $250,000. “We want to create a vibrant and ethical community. If prices are too high, it will freeze out
A multimillion-dollar waterfront house takes shape at Kootenay Lake Village near Nelson. INSET: Developer Oliver Berkeley. RIGHT: Waneta hydroelectric project will generate hundreds of construction jobs near Trail.
Photo: BC Government
FRANK O’BRIEN
Photo: Charon O’Brien/Kootenay Lake Village
Kootenays
some families,” said Berkeley. “If someone comes in and they only have $50,000 to build a house, we will make it work.” Most homes built at the Village so far are ultra-contemporary architectural creations for retired professionals from Calgary or Vancouver. What is surprising is that nearly all the owners have opted to move full time into the Village. Berkeley believes many urbanites never meet their neighbours and welcome the chance to become part of a close community like Kootenay Lake Village. “This is about relocation, not recreation,” he said.
While the organic approach has wowed admirers, it has made financing a hard sell. Traditional lenders rightly want to know exactly how many lots can be carved out of 450 acres and expect the land to sell at the highest price possible. Preserving 90 per cent of the land does not compute. oliver admits he has had to go to the secondary market to finance his Village, paying about three times conventional mortgage rates. “We are looking for a partner to share our vision. A partner could make $20 million here,” he said. “Maybe not in five years, but
Please see Confidence page B8
Interior British Columbia COLDWELL BANKER COMMERCIAL WORLDWIDE
DEV. PROPERTYSeptember $529,000 2012 – Western Investor
600 FT OF HWY FRONTAGE FORkootenays AUTO B RR DEALER & BODY SHOP, ETC.
/ frank / 12+4 blocks
Pullquote: “This is about relocation, not recreation.”
17,000+ SQ FT 13 ELECTRICAL SERVICES, MULTIPLE PURPOSE BUILDING FORMER INCUBATOR $699,000
ARLINGTON PUB & RESTAURANTE HIGH VOLUME. THE PLACE TO "EAT IN TOWN"
$1,590,000
CUTLINe = A multi-million dollar waterfront house takes shape at Kootenay Lake Village LIGHT INDUSTRIAL BLDG SENIORS FACILITY/INTERLEASED BUILDINGS AND 4 LARGE LOADING DOORS. near Nelson. Inset: Developer oliver Berkeley. NATIONAL SCHOOL $1,490,000 OFFICES & MEZZANINE. STORAGE UNITS. NICELY Photo: Charon O’Brien / Kootenay Lake Village 52,000 SQ FT ON 7 ACRES $425,000 LOCATED. EXCELLENT SHAPE. 100% hundreds FULL. GREAT CUTLINe = Waneta Hydroelectric project will generate of SELECTION construction jobs near OF TENANTS. Trail, $1,290,000
Photo: BC Government
DEV. OPPORTUNITY $1,950,000
HI-END FURNITURE AND QUALITY INN 48 ROOMS APPLIANCE BUSINESS RESTAURANT NICELY INCLUDING LOCATED AT THE 35,000 SQ FT BUILDING, LeAD “organic” developer taps into sustainable sales CROSSROADS strategy as Kootenays recover OF THE PRIME LOCATION, OWNERS WANT TO RETIRE KOOTENAYS. GOOD VOLUME. FRANK o’BRIeN $2,190,000 $1,995,000
= Kootenays 50,000 SQ FT BUILDINGHeAD & LOTS. INCLUDES 3 EXEC SUITES. POTENTIAL FOR MORE
WeSTeRN INVeSToR
1ST TRAIL REAL ESTATE LTD.
(250) 231-5222 (CELL)
www.cbcworldwide.com
(250) 368-5508 (FAX)
b8 Interior B.C./Business Opportunities CIVIC HOTEL
in historic nELson Bc A profitable business Great downtown location with lakeview 410 seats incl. patios, pub & dining Interior, exterior & roof in great condition Owners/mangers suite Land, building & business $1,550,000 For financials etc, call: Best-West Realty 250-554-4511 Adam Yakubowich 250-371-4801 John Atkinson 250-318-7600
20 Room Motel ,000 $ 75 0 Located in the heart of Radium Hot Springs. Comes with attached 2 storey living quarters. Over $250,000 spent on renovations in the last year. Owner will finance with $350,000 down payment. Contact: Bill info@bighornmotel.ca
250-347-2439
CONFIDENCE from B7
in time.” The optimism at Kootenay Lake Village is being seen this year across the Kootenays. Four years after a shattering downturn, jobs and real estate values appear to be coming back, if slowly. Job growth in the Kootenays rose by 2,700 people last year, compared with a loss of 7,300 jobs from 2008 to 2010, according to a B.C. government report on the Kootenay Development Region. The only thing more ubiquitous than magnificent views is real estate “for sale” signs, an indication of little upward price pressure. “This is a rule of thumb, but say a $200,000 building lot is now selling at $139,000, or 30 per cent off the peak,” said Cary Fisher, sales manager at Redstone Golf Resort near Trail in the West Kootenays. Fisher said Redstone has seen slightly stronger sales this year and, like many others we talked to in the Kootenays, is confident they will improve. In fact, the BC Real Estate Association reports Kootenay home sales this summer were up 22 per cent from 2011, the second-highest increase in B.C. “The Kootenay area is in the beginning of a new run up that I predict will surpass the last peak,” said Fisher.
CommerCial Building for Sale mixed uSe Semi Waterfront – PeaChland BC
september 2012 WESTERN INVESTORW
“There is an undercurrent developing from the combination of retirees and new hires. We are starting to see inquiries from investors looking down the road. We have had second-home inquiries from Vancouver and Calgary recently. These markets had all but disappeared over the last few years,” he added. Fisher said the downturn following the U.S. economic crisis hammered West Kootenay prices right across the board. Now, he noted, one can buy a three-bedroom home on a golf course for $336,000, golf all season for $1,175 or ski all winter for $800. “You can live like a millionaire in this area with modest income and no stress,” he said. Realtor Jack McConnachie of Coldwell Banker in Trail, agrees. He notes that some engineers hired for large construction projects in the region are renting $1.5 million penthouse condos at Red Mountain Ski Resort for $1,800 per month. It is the increase in high-paying jobs that is helping the West Kootenays’ real estate recovery, McConnachie said. Teck Resources is spending $335 million on increasing the capacity of an electronic waste recycling operation in Trail, where Teck has a major zinc smelter, he noted. As well, a $900 million Waneta Dam
Quick facts neLSOn
BRITISH COLUMBIA
✪
3A
Castlegar
3
Rossland
✪ TRAIL
6
Fruitvale Montrose
USA
W. Kootenays, B.C. West Kootenay population 63,000 Population, all Kootenays 150,000 Average detached house price $283,000 Unemployment rate 7.2 per cent
expansion is creating hundreds of jobs. There is also public-sector job growth at the regional hospital and college expansions, McConnachie said. An indication of the change: passenger traffic at the Trail airport is up 30 per cent this year from 2011.u
FORECLOSURE SALE – Sicamous BC
RaRe oppoRtunity, C-2 zoned, fully turnkey restaurant, newly renovated, has an outdoor patio with views of theFIND lakefront from most offrom: the seats. Oct• Being NEED TO Map 06 sold by Conduct of Sale Furnished 1 bedroom suite at the back; use as holiday rental.Investor Located on Beach(also Avenue -try semi Dec waterfront Western 09in WI)• Potential Annual Revenue $96,000 • Potential for Strata conversion popular Peachland – approx. 2000 sq.ft. building on • $800,000 a 50x120 lot with parking at the back.
10 unit townhouse
HealtH foRcing sale - pRiced to sell quickly at $895,000
MLS® 10051741
CeCile Guilbault 250-212-2654 | www.cecileguilbault.com
For Further Information contact
ALF SANDERSON
For more inFo contact cecile direct:
604-691-6646
alf@naicommercial.ca www.naicommercial.ca
HoRizon Realty
Live in Nature. Play in Nature.
KOOTENAYLAKEVILLAGE An Investment Opportunity Like No Other
Kootenay Lake Village, one of the most acclaimed real estate projects in BC, is seeking investor and partner opportunities to help build on its success and maximize future opportunities. OLIVER BERKELEY oliver@kootenaylakevillage.com
250-509-3377
Interior British Columbia b9
WESTERN INVESTOR september 2012 www.westerninvestor.com
Get the Power. Each office is independently owned and operated.
To view commercial properties or find a RE/MAX Commercial practitioner near you, visit
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Funky’s Pizza and RestauRant sPaRwood, BC
SPARWOOD, BC
Commercial building in the heart of downtown Fernie, BC
3000sqft main floor commercial space and two partially finished residential suites upstairs waiting for someone to finish the renovations. MLS K4100066
$2,935,000 Turnkey business, building and ALL equipment being sold as package. Building has been completely renovated, everything is new. Great opportunity to own a well established business in Beautiful BC. PRICE $450,000
Loralee Thomas 250-430-1070
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
Abe MArtens
re/MAX elk VAlley
loralee.thomas@remax.net www.LoraleeThomas.com
250-423-1520
lorAlee thoMAs 403-807-3086 re/MAX elk VAlley
Elk Valley Realty
SUCCESSFUL BUTCHER SHOP
$588,000
loralee.thomas@remax.net www.LoraleeThomas.com
Almost one acre forming a city block in Downtown Vernon with parking. 6.7 % Cap rate at asking price. Solid Tenants. $3,795,000 Custom wood windows and door manufacturing facility. Share sale. Must be purchased in conjunction with Home on 5 treed view acres. Many upgrades. Share price: $349,000. Home price $699,000 Smart looking solid building on two city lots. Good lease in place. $349,000. 6% cap
• Located in major hunting area • Established for over 30 years • Owners retiring, but will train • $350,000 includes business & building
Rick Pater
250-425-5432 Elk Valley
KAMLOOPS
NEWEST WINE REGION OF BC Offered for sale: 10 acres (2 titles) south sloping, excellent water (underground irrigation) 4630 sq ft custom home breath taking views. MLS® 111415 Asking $1495000. Visit www.garyirelandrealty.ca
JOE PEARSON 250-550-5596 1-800-667-2040 joe@joepearson.ca
FOR ViEWiNG
GARY IRELAND PERSONAL REAL ESTATE CORP.
Vernon
1-877-374-3331 gireland@remax.net
RE/MAX Real Estate Kamloops
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CommerCial real estate, FranChises and Business opportunities
B10 Northern British Columbia
www.westerninvestor.com septemBer 2012 WESTERN INVESTOR
Investment OppOrtunItIes Offered fOr sale location: prince George B.C.
Do you have a
unique property?
48 Lot Subdivision Project • Only 20 prime building lots remaining • Active home construction and lot presale program in place • Market Value : $1.8 million Purchase Prices $78,900 to $119,900 per lot • Preferred price discount for complete project purchase 137 Lot Subdivision Development Opportunity • 292 acres of ecological protected natural forest land • Potential phased development offering 4 sites yielding approx. 137 residential building lots • Some preliminary design work completed • Located within city boundary, close to schools and shopping centers. • Market Value : $1.9 million Purchase Price – $775,000 200 Lot Subdivision Development Opportunity • 40 acres of land yielding 200 lots when completed • Close to schools and shopping centres • Zoned for mobile units and/or residential homes • Approx. $975,000 worth of design and infrastructure works completed to date • Excellent projected potential pad rental revenue in addition to strong lot value equity appreciation when fully developed • Market Value: $3 million Purchase Price $1.5 million 2 Acre Commercial Development Opportunity • Located adjacent to shopping centre – Save-On-Foods and other retailers • Property size – 2 acres with 1 acre zoned Commercial C7, 1 acre zoned Residential complete with rental home • Development potentials include shopping mall expansion, Independent and assisted living, retirement, high density strata, both commercial and/or residential Purchase Price - $625,000 162 Acre Rural Property • ALR designation with revenue potential • Approx. 100 acres flat, fertile land with remaining 60 acres comprising hilly topography • Excellent Agg Lease potential with added revenue from sale of estimated 50-60 loads of standing timber Purchase Price - $115,000 Unique Building Lot • 1.2 acres fully-serviced prime building site • View lot surrounded by 148 acres of protected greenbelt • Building covenants in place Purchase Price - $145,000 Spectacular Waterfront Property-Fully Developed • Rare Lakeshore paradise offering 28 acres of unprecedented views and solitude • 10 individual full-serviced lots with 890’ of private-level access-beachfront • Sold on individual lot basis or as complete package • Market Value: $1.75 million Open To Offers
Advertise your listings in our special
LIFESTYLE PROPERTIES FEATURE Reach potential buyers with money to spend. Western Investor readers have higher than average household income and a real interest in real estate. 10
12
Recreational Real Estate LIFESTYLE PROPERTIES
www.westerninvestor.com WESTERN INVESTOR
RECREATION FEATURE Wealthy investors corral exclusive acreages at Ranches at Elk Park in Kootenays
Ranch-size sales cheer vendors 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
Photo: LandQuest
P
Ranches at Elk Park: 200 acres with a private lake listed for $2.95 million.
and ranches. “There’s nothing else like this in British Columbia. South of the border, in places like Montana, similar ranch-style communities are far less pristine and their prices are much steeper.” Calgary-based Schickedanz West, the owner of the Ranches project, is adding a comprehensive amenity centre outside the access point with fitness facilities and a private owners’ lounge, Nielsen said. He credited owner Fred Schickedanz for having the vision and patience to create “one of the best recreational ranch developments I have seen in a long time.” Nielsen said buyers are a mix of permanent residents and seasonal owners who plan to
ARIZONA
eventually retire to the property. They share an common appreciation of nature, outdoor adventure, horse-back riding, hobby ranching and getting away from it all, “without going too far or spending too much.” Some of the ranches are lakefront, others have valley views and all have the security and privacy only big money can buy: there is only one access road and it is protected by a controlled locked main gate.
Albertans
The success of Elk Park is likely cheered by other land and recreational vendors in the Kootenays, especially since it heralds the return of Alberta investors. In 2007, Albertans were big in the Kootenay
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 of residential properties. However, with the global economy swinging back and oil now north of US$100 a barrel Nielsen expects a resurgence of Alberta buyers into the Kootenays. “our sales team says the number and quality of calls coming out of Alberta has increased substantially, compared to anytime from mid2008 to late 2010, “ Nielsen said. A recent survey by the Royal Bank forecasts Alberta will lead the entire country in economic growth this year and next, and likely into the next decade. one telling stat: the average weekly wage in Alberta is $1,036 a week, almost one-third higher than the rest of Canada. And Albertans traditionally look to B.C. for recreational property. “You can golf, ski, and catch a large rainbow trout, all in one day in the Kootenays,” Nielsen said. He notes that the ski hills of Panorama Ridge near Invermere and the amenities of Fairmont Hot Springs are close by Elk Park, with almost two-dozen golf courses within a 30-minute drive. Nielsen said The Ranches will attract a select type of buyer. “The price range is for individuals with a pioneering spirit ready to embrace a rare opportunity to own their own private ranch right at the foot of the Rocky Mountains.”u
www.westerninvestor.com WESTERN INVESTOR
Far from the Madding Crowd
ACquire reAlty
623-853-7765 Toll Free: 1-855-234-3342 • www.AcquireAZ.com
Len Westwood Sales & Leasing Associate
Direct:
204-928-5008
Virtual tour at www.annabelyoung.com
ANNABEL YOUNG
len.westwood@dtzbarnicke.com
PH: 204-928-5000 • www.dtzbarnicke.com
Cell: 604-961-7541
FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.
Why Harrison?
MUSTANGS RANCH
62 ACRES
Home, Home on the Range.
$470,000
SUNSET RANCH
160 ACRES $785,000
SOLD
BENT CREEK RANCH
460 ACRES
MCKAY RANCH
160 ACRES
Baptiste Lake
$2,950,000
CLEARWATER RANCH
$1,120,000
40 ACRES $1,400,000
CIRCLE S RANCH
36 ACRES
EVERGREEN RANCH
Sold Price: $60,300 Rent: $895 City: Glendale Year Built: 2001 Square Feet: 1,278
$390,000
79 ACRES
PAINTED PONY RANCH
$600,000
Sold Price: $60,500 Rent: $825 City: Goodyear Year Built: 1997 Square Feet: 1,159
80 ACRES
SOLD
Average Sales Price per Square Foot
RED ROCK RANCH
120 ACRES $600,000
WARD RANCH
SPIRIT RANCH
316 ACRES DIAMOND BAR RANCH
405 ACRES
$2,200,000
$952,000
155 ACRES
Sold Price: $61,500 Rent: $925 City: Avondale Year Built: 2000 Square Feet: 1,197
Sold Price: $62,000 Rent: $895 City: Avondale Year Built: 1991 Square Feet: 1,255
Sold Price: $64,000 Rent: $850 City: El Mirage Year Built: 2001 Square Feet: 1,495
Sold Price: $64,000 Rent: $785 City: Buckeye Year Built: 2006 Square Feet: 1,574
OPEN HOUSE
Saturday, August 27, 11-4 pm Sunday, August 28, 10-2 pm
TRAILHEAD RANCH CLIFFSIDE RANCH
230 ACRES
Entrance to the Ranches at Elk Park 3.5 km north of Radium
Investment Opportunity
For Sale: $112,500
Sold Price: $64,125 Rent: $850 City: Phoenix Year Built: 2003 Square Feet: 1,435
Sold Price: $69,000 Rent: $825 City: Phoenix Year Built: 2002 Square Feet: 1,343
Sold Price: $87,000 Rent: $995 City: Laveen Year Built: 2004 Square Feet: 1,763
$1,092,000
Upper Ranch MORGAN RANCH
74 ACRES $700,000
Avondale - Crystal Gardens Lake Community 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.
480 ACRES
$1,155,000
Entrance to the Ranches at Elk Park
Sold Price: $105,000 Rent: $1,150 City: Goodyear Year Built: 2003 Square Feet: 2,277
SNOWY OWL RANCH
476 ACRES $2,250,000
5 Minutes to Town Centre
Kootenay National Park
HOLD
ARMLS Residential All Areas and Types
• Stamped concrete boat launch • 100 feet private boat dock • RV parking • Covered hot tub deck
$1,888,000 Virtual tour at www.6565-rockwell.ca
Bob Plowright & Don Spice • RE/MAX BOB PLOWRIGHT REALTY Kristen O'Connor • RE/MAX NYDA REALTY 1-7300 Vedder Rd. Chilliwack, BC V2R 4G6 www.bobplowright.com bob@bobplowright.com • 1-800-830-7175
Call for more information,
Acquire Realty is family owned and operated with over 30 years of Real Estate experience. Contact us for Foreclosure or Short Sale Listings in Phoenix, Scottsdale, Fountain Hills, Surprise, Goodyear and Surrounding Areas. We would love to help you find your vacation home or investment property.
Sold Price: $52,00 Rent: $825 City: Phoenix Year Built: 2002 Square Feet: 1,343
REALTY (02) LTD.
Nestled against Southwestern British Columbia’s magnificent mountains and the sandy beaches of Harrison Lake, Harrison Village is your local destination filled with a rich history and natural wonders, including our world famous BC Hot Springs. Known for its leisurely days and friendly ways, offering nature, art, entertainment shopping and food. • 4 bedrooms, 5 bathrooms • 3,720 sq, ft, of living space • 824 sq. ft. guest suite • Showpiece 2 car garage • 108 feet of waterfront
Gerri Saunders @ (250) 632-2107 or (250) 632-6638
info@AcquireAZ.com • 10750 West McDowell Rd. Bldg. C, Ste. 305 Avondale, AZ 85323
Sold Price: $51,900 Rent: $850 City: Tolleson Year Built: 2005 Square Feet: 1,423
Office: 604-888-0786 Email: annabelyoung@shaw.ca
Overwhelming Views
• Well established • Adjoining 100’ x 150’ lot • Presently 2 storefront rental income • Would like to sell package deal
Here are twelve of the homes we’ve sold over the past few months which are all within a 30 minute drive from downtown Phoenix. We even offer property management for our clients.
Phoenix Area
- Exquisite property features the best of the West Coast - Water Front -1.84 acres of high water front - Custom designed house infused with southern light - Spectacular views of the Gulf Islands - Live year round or have a weekend retreat and haven - MLS® F1118274 $1,075,000
Approximately 80 minutes northeast of Winnipeg on the Bird River. This classic lodge is world famous for trophy bear and deer hunting. Located 1/4 mile from a Department of Transportation certified airport runway. Suitable for church camp, corporate retreat, training centre or private retreat. Commercial kitchen. Games room, sauna & conference room. Thirteen bedrooms, sleeps 27 plus master bedroom & ensuite. Approx. 6900 sq. ft. on +/-2 acres. Asking $1.85M.
Contact us to start your portfolio today.
Investment Property For Sale
Recreational Real Estate LIFESTYLE PROPERTIES WESTERN INVESTOR august 2011 www.westernin
FOR SALE - On Bird River, MB
The Rocky Mountain range, that is. Right now, you can own your own Columbia Valley ranch right at the foot of the Canadian Rockies. Rolling meadowlands…fragrant alpine forests… high bluffs overlooking the Columbia River wetlands. It’s a setting right out of Legends of the Fall – and it’s available now to a very lucky few. Only 17 Ranches will be made available in Elk Park Ranch – ever. To schedule a private guided tour, please call 1-604-694-7628 or email elkparkteam@landquest.com.
®
www.ElkParkRanch.com
Recreational Real Estate ADVERTISING FEATURE:
• Limited spaces • 4-colour ads • Special rates
For Information Contact
Tana Woodward & Associates – Virtual Office Services Phone: 1-866-970-0015 Email: tana@virtualofficeservices.ca
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— Your PRINCE GEORGE Commercial Professionals — 1399 – 6th Ave.
FOR LEASE – 2nd and 3rd floor OFFICE space on corner of 6th Ave. & Brunswick Street. Quality property. 6,000 sq ft each floor. Net-lease.
9080 Penn Rd.
For Lease – 25,660 sq ft quality warehouse located in the Danson Industrial Park.
D
SOL
CED
U RED
ED
UC RED
2222 Balsam Ave. – Quesnel, B.C.
1150 – 3rd Ave.
FOR SALE or LEASE – 5,525 sq ft concrete block building on .99 Acres. Zoned C-6.
FOR SALE – Proposed sub-division. 17 – 4 Acre+ high quality rural residential lots. 78.8 Acres total. Within 14km of the WESTGATE SHOPPING PLAZA.
FOR SALE – Prime Second Ave. & Victoria Street corner site. 32,262 sq ft two-storey OFFICE/RETAIL building.
Highly visible first class 12,177 sq ft main bldg. Also has warehouse, two mini storage warehouses & caretakers mobile home. Highway access.
4350 Handlen Rd.
Lot #1 Atwood Rd.
201 Victoria St.
FOR SALE – Fully renovated downtown RETAIL/OFFICE building. 3,000 sq ft per floor, plus full basement.
ED
LEAS
760 Kinsmen Place
FOR LEASE – New first-class building in prime location. Ready for occupancy September 2012. Main floor 4,300 sq ft available and daylight basement 2,000 sq ft. Zoned C-4.
978 & 996 Central St.
1001 Great St.
1550 – 1st Ave.
#205 – 1396-5th Ave.
FOR LEASE – Highly visible Hwy 97 Sth property. 9,000 sq ft building on 2.6 Acres. Fenced compound. Prime quality location. Net-lease.
FOR SALE – located on corner of 10th and Central. Must be sold together. Value is the land. Currently zoned RS-2, the City says can be re-zoned to C-4.
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.
1437 North Fraser Drive – Quesnel
FOR LEASE – 580 sq ft of professionally designed second-floor, top quality OFFICE space. Gross rate lease.
REDUCED
1880 Hart Hwy
FOR SALE – Court Ordered Sale – 38.5 Acre property. 604 sq ft stand alone office. 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 confirmed. RE/MAX Centre City Realty Each office is independently owned and operated
www.pgcommercial.ca
FOR LEASE – 1880 Hart Hwy. Build to suit. Prime C-6 (service/retail) land on Highway 97 North. Net-Lease.
GEORGE Weinand
250-960-9556
THINK REAL ESTATE...The Best Investment on Earth
KEN Goss
250-565-7653
B12 Northern British Columbia
KITIMAT
Attention Pub & Restaurant Investors! A one of a kind purchase to own one of Fort St John, BC finest, busiest and highest rated pub. Exceptional reputation, revenue, staff, location, equipment makes this business a terrific opportunity for any entrepreneur wanting to expand in the booming North Peace Area. 6000Sf, 150 fully licenced pub sits on a prime C2 Zoned - 5 acres w/ Alaska Highway Frontage & Lake view. Built in 1998, expanded in 2004, well constructed, space is utilized & entire property is zoned C2, allows for future development & enough room to expand/diversify. This thriving business is the only entity of its kind in the Charlie Lake area , pop 2250 . Opportunities like this do not come along very often. This pub has is known throughout the area for delicious food, great prices, great times, with hundreds of satisfied repeat clientele. Call for more details. MLS N4505657 $3,800,000.00
BC’S LARGEST ECONOMIC GROWTH POTENTIAL EVER!!!! CALL 604-725-4872 or
250-826-2284 EMAIL: jvdevgroup@gmail.com
OWNER/BROKER
Servicing the Prespatou area with gas/diesel pumps, propane, post office outlet, coffee shop, and general store (groceries, sewing, hardware, toys, & more) Clean and very well maintained family oriented business.
250-262-1944
NORTHEAST BC Realty
NEBC
So much to offer on over 4.3 acres. Asking price includes 1998 Diesel E450 Van plus environmental report with information about the clean site. (Tank storage is above ground.) Prespatou is located about 53 miles north of Fort St John.
Asking $409,000 (plus inventory)
Ltd.
©2010
- 2012
250 785 4115 Investing Our Energy In The North 10220 101 Avenue
Fort St John BC V1J 2B5
www.NEBCRealty.com
No drop ins please...call Ron for info about financial and equipment or to arrange viewing. MLS N4505566
RON RODGERS
OWNER - MANAGING BROKER Email: ron@northeastbc.com
FORT. ST. JOHN
ALASKA HIGHWAY EXPOSURE! 9507 - Alaska Road
1,367 SQ.FT. PRIME LEASE SPACE! #4 8822- 100th St
Alaska Hwy exposure! This newly renovated building is the place to be. Check out this affordable 1367 sq ft (with possible future expansion) Currant layout consists of front reception area, office and warehouse to the rear with 14’ over head door. $18.00/sq.ft. + NNN - MLS# N4505583
INVESTMENT OPPORTUNITY 9321 - 96th Street
Prime Alaska Unique Highway opportunity Exposure available in is offered this quality to you with building. this property High consisting exposure of 2 shops on .8 on an acre. Main shop offers 5 location, 100% leased with solid tenants in offices could be 6, board room/coffee area. Shop place. 7.39 % cap rate makes for a solid is clear span & has 3 overhead furnaces, 2 pce investment! $2,500,000 bath. $16.00/sq.ft + NNN - MLS# N4505538 FOR SALE OR LEASE PROSPECT PARK LOCATION
10711 - 91st Ave
Updated office space, new windows, doors and updated forced air furnace. 1100 sq. ft. of office space attached to 3250 sq.ft. of shop. + 6500 sq. ft. of additional shop space available. Sale: $2,200,000 MLS# N4505390 $15.00/sq.ft. + NNN - MLS# N4505100
RE/MAX DAWSON CREEK REALTY 1-888-214-5871 DAWSON CREEK COMMERCIAL EXPERTS
REALTOR® Fort St. John, BC
A rare find in the downtown core. 49 x 122 C-2 lot available. Fully fenced with 9 gauge chain-link fencing. Lot was striped and commercial grade fabric cloth laid plus 1618” of gravel on top. City water and sewer on lot. $150,000 – MLS® N4505570
TOM MORAN 250-784-7090 LLOYD SMITH 250-784-7116 tommoran@shaw.ca lloydsmith@shawcable.com
Action Realty Inc.
250-264-7900
PRESPATOU GENERAL STORE & GAS BAR
A RARE FIND! 10059-102nd Ave
CREEK
Bonnie Cote
Rich Petersen
Each Office Independently Owned And Operated
DAWSON
www.dawsoncreekrealestate.ca
Fort St. John, BC
4 plex with 20% ROI from $325k. land & Strata opportunities
www.westerninvestor.com septemBer 2012 WESTERN INVESTOR
FAMILY OR RETIREMENT BUSINESS AWAITS! 9207 - Alaska Road
Motel Business with attached convenience store & bakery available in the Energy Capital of BC. Turn key 14 unit motel located on 1.67 acres. Most units have kitchenettes hence long term repeat clients. $1,650,000 - MLS# 4505597
KATHY MILLER
CURTIS ROBINSON
Remax Action Realty 1991 Inc.
kathy@bugkathymiller.com curtis@remaxaction.ca 250-785-5520 Toll Free: 1-888-785-5520
The Power Of Partnership!
PERSONAL REAL ESTATE CORPORATION
#135939: FOR SALE OR LEASE 5040 sq ft building on busy Alaska Ave. Many uses, drive thru availability, lots of parking, next to government liquor store. Owner will consider dividing building into two rental units. Priced at $795,000 or $16.00 per sq ft to lease. #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 #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 #129953: RETAIL BUILDING Great location on 10th St over 3,000 sq ft on main and additional 3,000 sq ft on second floor, located next to Scotia Bank. Ground floor now leased out to only video rental company in Dawson Creek. Asking price of $375,000
#138842: FOR LEASE 1.28 acres graveled and fenced lot with a 6000 sq. ft. shop available on Sept. 1. Only 5 years young, 1380 sq. ft. showroom for retail, offices, sales and service counter. Mezzanine on top with a lunch room and storage. Shop has 6 overhead doors, radiant heat, 3 phase wiring, ready for your business. Asking $16.00 per sq. ft. triple net.
#136621: INDUSTRIAL SHOP on 2.25 fenced acres of industrial land, building size is 3400 sq. ft. with 2400 of shop and 1000 of office. Upstairs is a 1000 sq ft of living accommodation. Built in 2002 the shop has 16 ft high doors and in floor heating. For sale for $980,000 or $7500 per month lease. #129257: THE SOUTH PEACE UNITED CHURCH IS FOR SALE. OVER 11,000 SQ. FT. - Sanctuary, hall, kitchen, offices, and support services. Excellent corner location, zoned commercial, very good condition, ready for an office or residential conversion. $495,000 #133401: BUSINESS OPPORTUNITY located on the east side of Dawson Creek. Belsum Auto Recyclers Ltd has a proven track record and shows a good return. Includes 6.5 acres of prime industrial land on Hwy #49, a heated main shop with 3200 sq.ft. and an adjoining 2400 sq. ft. building used for stripping vehicles. Lots of inventory, and equipment includes 3 forklifts and a skid steer. Asking $1,200,000 for the land, buildings, and turnkey business with inventory. #133128: NEW STRIP MALL has 4 available spaces left for lease, 1,750 sq ft each. Great location on 8th street between Tim Horton’s & The Brick. Lease rates start as low as $16/sq. ft. Start your business here. Strip mall is 10,000 sq. ft. Also for sale at $1,800,000 #139026: This UNIQUE PROPERTY has 3500 sq. ft. building on a large corner lot on 102nd Ave. with paved lot. Presently zoned for multiple family, would make a good duplex. Or switch back to commercial. $199,000. #130083: 16,000 SQFT FOR LEASE (Brown’s Social Club) now open and Pizza Hut coming soon, lots of parking. 16,000 sq. ft. of prime lease space still available. Competitive rates ... best location in the city!
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. Additional one acre lot available next door, shaled as well and asking $198,000. or will build to suit and lease out. Asking $199,000
#138192: CHETWYND INDUSTRIAL LAND Unique property in booming oil, gas, and coal community of Chetwynd. Total of 30 acres of industrial lands with 13 acres ( M-2) inside village limits and 17 acres in the regional district. Situated in the BCR industrial park and priced to sell at $395,000
#132673: Will builld to suit. In the centre of the City close to the traffic circle on Alaska Highway...1.55 acres of flat land with all new services to the property and bordered by 8th street and the paved roadway to the new apartment building. Excellent location, commercially zoned. $290,000
#135241: COMMERCIAL LAND NEXT TO THE GOLF COURSE. Great location and potential! 10.33 acres that are zoned C-3 (highway commercial) between the driving range and regional district offices, close to a large campground. Lots of options, borders the Alaska Highway. $1,150,000
#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
#137199: LOCATION, LOCATION! Across the street from Walmart on Highway 2 at the start of the dangerous goods route or bypass. 2.25 acres of commercially zoned land and an easement at the rear of the property for a secondary exit or entrance to 8th street. Commercial and business possibilities. Reasonably priced at $360,000
#127066: LOCATION, LOCATION, LOCATION 0.74 acres at the intersection of 17 Street and Alaska Highway. Ideal location for strip mall, service station, etc. $295,000 # PRIME RESIDENTIAL LAND FOR DEVELOPERS. 116 acres sitting on the north end of Dawson Creek waiting for your development plans for residential subdivision. Part of the city’s sustainability plans for expansion within the city’s boundaries. $2,900.000
RE/MAX DAWSON CREEK REALTY www.dawsoncreekrealestate.ca
1-888-214-5871 DAWSON CREEK COMMERCIAL EXPERTS
Alberta b13
WESTERN INVESTOR september 2012 www.westerninvestor.com
LOCAL EXPERTISE
MATTERS FOR SALE
MULTI-FAMILY BUILDING
INVESTMENT OPPORTUNITIES FROM
BARCLAY STREET REAL ESTATE FOR SALE
LAND – 160 ACRES
FOR SALE
RETAIL CENTRE
SANDPIPER APARTMENTS
LAMONT COUNTY
GOLDEN ACRE TWIN PLAZA
5820 – 58A Street, Red Deer, Alberta
Industrial Heartland, Alberta
5010 - 5220 4th Street NE, Calgary, Alberta
Sandpiper Apartment is a 23-unit apartment building located in the City of Red Deer, Alberta, in an established neighborhood called “Riverside Meadows”; minutes from center of the town.
For more information or to view, please contact: JOHN C. FORSTER
jforster@barclaystreet.com
DOUG GRINDE
dgrinde@barclaystreet.com
p: 780-463-3332 FOR SALE
MAIN FLOOR RETAIL
160 ACRES 29 831
Lamont
Situated on the NE corner intersection of Hwy. 831 and Hwy. 29 (by-pass road from Hwy. 15 to Hwy. 831). The intersection is a key preferred travel route with direct access north on Hwy. 831 to the Vinco bridge and Hwy. 63 to Fort McMurray.
For more information or to view, please contact: JOHN C. FORSTER
jforster@barclaystreet.com
Convenience-oriented community retail plaza. Consists of two separate parcels; 22,081 sq. ft. single storey multi-tenant retail building; and 35,729 sq. ft. two storey multi-tenant retail office building.
For more information or to view, please contact:
DOUG GRINDE
GEORGE LARSON
dgrinde@barclaystreet.com
glarson@barclaystreet.com
p: 780-463-3332 FOR SALE
p: 403-290-0178 OFFICE/MEDICAL PROF. BUILDING
FOR SALE
RETAIL CENTRE
CASEL MARCHÉ
805 EAST LAKE BOULEVARD
SUNBOW PROFESSIONAL CENTRE
2505 – 17th Avenue SW, Calgary, Alberta
Airdrie, Alberta
2004 14th Street NW, Calgary, Alberta
Unique mix of local tenants: Market 17, J.Webb Wine Merchant, Bro’s Dough, Cassis Bistro and Blush Lane. Gross floor area: 9,390 sq. ft.
Serves the sporting population and benefits from its close proximity to Genesis Place Sporting Facility.
Built in 2010.
Strong mix of tenants.
For more information or to view, please contact: KELLY CARVER
kcarver@barclaystreet.com
RYAN SWELIN
rswelin@barclaystreet.com
p: 403-290-0178 FOR SALE
Leaseable area: 26,565 sq. ft. (more or less).
OFFICE BUILDING
For more information or to view, please contact:
FOR SALE
RICHARD LEWIS
rlewis@barclaystreet.com
p: 403-290-0178 COMMERCIAL REAL ESTATE
SOLUTIONS
DAN HARMSEN
p: 403-290-0178
RETAIL/RESTAURANT Calgary, Alberta
p: 403-290-0178 Office, Retail, Industrial SALES AND LEASING
DEVELOPMENT LAND Acheson, Alberta
For more information or to view, please contact: RICHARD LEWIS
FOR SALE
SOUTH ACHESON INDUSTRIAL AREA
Downtown Calgary high density residential site for sale. Existing use includes 2 fully licensed restaurant and lounge premises. One leased, one available. Located 1 block from the Bow River in the Eau Claire District.
rlewis@barclaystreet.com
RYAN SWELIN
rswelin@barclaystreet.com
dharmsen@barclaystreet.com
p: 403-290-0178
739 2ND AVENUE SW
For more information or to view, please contact:
RICHARD LEWIS
rlewis@barclaystreet.com
GEORGE LARSON
REAL EQUITY CENTRE
The building is ideally situated to take full advantage of 16th Ave.
For more information or to view, please contact:
glarson@barclaystreet.com
1716 16th Ave NW, Calgary, Alberta
Real Equity Centre provides a total rentable area of 27,421 sq. ft. over five floors above grade and a lower level which is improved as office space.
Proximity to 17th Avenue SW, one of Calgary’s most unique and vibrant shopping and commercial districts, provides convenient access to various amenities.
SPRUCE GROVE
EDMONTON
Development land – 122.44 acres ±0.57 of a mile Highway 16A frontage
16A
60
Zoning contemplates a variety of light industrial and highway commercial uses.
For more information or to view, please contact: DOUG GRINDE
GEORGE LARSON
dgrinde@barclaystreet.com
glarson@barclaystreet.com
780-463-3332
403-290-0178
Land, Investment SALES
Property Management
CALGARY OFFICE: p: 403-290-0178 Suite 200, 407 – 8th Avenue SW • Calgary, AB T2P 1E5 EDMONTON OFFICE: p: 780-463-3332 4216 – 97 Street • Edmonton, Alberta, T6E 5Z9
WWW.BARCLAYSTREET.COM
B14 Alberta investment/business opportunity
• Restaurant/lounge/gas bar/convenient store for sale in Northern Alberta • Homesteader Building Supply Store for sale in Manning, AB • Commercial Lots For Sale in Manning, AB Looking for investor's to purchase 4-plexes in the peace Country
For Further Information contact:
Phone: 780-707-9395
REALTY ExEcuTiVEs POLARis
4107 - 99th street, Edm, AB T6E 3N4 Email: vtoffoli@shaw.ca • www.valtoffoli.com APARTMENT BUILDINGS: • 12 Ste Character Bldg. Central McDougal. Over 6.5% cap rate. Some upgrades. Seller open to Reasonable Offers!
Petkus@telus.net
w w w. m a n n i n g r e a l e s t a t e . c a
WANTED: APARTMENT BUILDINGS Have Qualified Buyers Ready to Purchase!
780-836-3086 or 780-836-6478 Royal Lepage, Casey Realty Ltd. Peace River, AB
www.westerninvestor.com
partnership. performance.
+1 780 420 1585
www.collierscanada.com/3645
Accelerating success.
AircrAfT HAngAr for SAlE Highway 830, Warren Thomas Aerodrome, Strathcona county, Alberta • Located in the Alberta Industrial Heartland • 75 feet X 100 feet pre-engineered steel construction • 25 foot clear ceiling height • First rate construction throughout building • In-floor heating, T5 lighting, 75 foot bi-fold door • Secure parking
Ken Williamson, cfA Dir +1 780 969 2999
ken.williamson@colliers.com
FORT MCMURRAY – FOR SALE OR LEASE NEW INDUSTRIAL SPACE AVAILABLE – 2012
• 12,000 to 36,000 sq ft on 3.2 Acres • Lots of parking and yard space
Mike George: 403-396-0026 or Bill Schoemaker: 403-391-2344
CALL NOW 1-800-661-6988
Avison Young Lethbridge Inc.
3555 Manulife Place, 10180 – 101 Street Edmonton, AB T5J 3S4
(RE/MAX Excellence)
selling Edmonton since 1987
• 20 Stes – Great Central Location – Extensive Upgrades – Lge Stes – Excellent Mix – 10 Yr Assumable Mtg – 2nd VTB Mtg possible. 6% Cap Rate
Evelyn Petkus
Colliers Macaulay Nicolls Inc.
COMMERCIAL
Val Toffoli
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Goldy Singh Empire Real Estate Group 780 499 8500 goldy122@hotmail.ca
northern alberta
Great Investment Opportunities in Lethbridge
FOR SALE
7.93 ac C3 Zoning on Hwy 13 opp. of Airport $799,000 1.70 acre fully serviced industrial lot ready for development $559,900 WANTED: An industrial warehouse building and 3 to 5 acres of industrial land in Edmonton 5 acres country residential lots near Drayton Valley $65,000 ea Newly built SXS duplex in Edmonton Rent both sides or live in one & rent the other One side pending $334,900 ea side Newly built 1350 sq bi-level in Athabasca $299,900 Marble Slab Ice Cream in Edmonton $240,000 Multi family land available in Edmonton
www.westerninvestor.com SEPTEMBER 2012 WESTERN INVESTOR
110,000 SF WAREHOUSE with two strong corporate tenants. 8 CAP Asking $10,000,000
76,590 SF WAREHOUSE 9 CAP Asking $5,200,000 For further information contact:
Doug Mereska, Broker
doug.mereska@avisonyoung.com 403.330.3338 ext. 201 #217 - 200 4th Avenue S, Lethbridge, AB
(2006) LTD.
www.property-solutions.ca
Phone: (780) 429 - 1200 Toll Free: (866) 481 - 2950 17718 - 64th Ave Edmonton, AB T5T 4J5
Scan our QR Code for all of our current listings, market updates & news!
INDUSTRIAL
MOTEL
FOR LEASE
FOR LEASE
61,200 SF WAREHOUSE W/OFFICE & RAIL SPUR
ECONOREST DRAYTON VALLEY
LEDUC PLAZA
JHF PROFESSIONAL BUILDING
14135 - 128 Avenue Edmonton Situated on 2.80 acres (IM)
$5,495,000
Contact Sam Narayan (780) 902 - 5599
17 unit rooming house 7.4% Cap Rate
5 units (1,100 SF each) left! Join Second Cup, Quiznos, Pizza Hut, Sleep Fx and more.
1,777 and 2,516 SF available Newly developed building
$799,000
$19.00/SF
$18.00/SF
Contact Miki O’Ree (780) 641 - 1338
Contact Sam Narayan (780) 902 - 5599
Contact Seif Jiwaji (780) 905 - 7143
w w w.RemaxComm.ca
B15
WESTERN INVESTOR SEPTEMBER 2012 www.westerninvestor.com
REGIONAL ROUNDUP Giant Bakken oilfield could be great hope – or geat hype – for local economy
Lethbridge eyes an elephant DAVE HUSDAL WeSTerN INveSTOr
L
But it’s not that oil that’s creating the new sizzle in this city of nearly 90,000. While the agri-food business is still doing well – Richardson International employs more than 250 people in its canola oil processing and packaging business and Monsanto Canada recently invested $4.7 million in a plant upgrade – residents of the windy city are talking more these days about the potential for that other oil. You know, the one that drives the Alberta economy. While Fort McMurray and the oilsands generate the industry headlines, petroleum exploration is definitely on the rise in southern Alberta in what’s known as the Alberta Bakken play. The result: there has been an explosion of oilfield crews working between Nanton and the U.S. border, a region anchored by Lethbridge. Shell Canada, Nexen and PennWest Petroleum are among the majors who have staked claims. Alberta Bakken straddles the U.S. border and extends more than 150 kilometres north and stretches across 40 kilometres. What that will produce in the long-term for the local economy remains to be seen. Michael Kelly, the City of Lethbridge’s director of real estate and land development, said that as of early August there was one
PRIME HIGHWAY
COMMERCIAL • • •
The Regional Centre of East Central Alberta Lots next to our new Hotel Convention Centre and Casino 3 to 4 acre parcels - starting at $175,000 per acre
Photo: Choose Lethbridge
ethbridge has long been a major Alberta food-processing centre, known for producing everything from golden French fries to the canola oil to fry them in.
Lethbridge, Alberta, completes a new community centre as oil firms spend $500 million staking oilfield claims in the area.
industrial land sale pending to a petroleum servicing firm, but his department hadn’t been deluged with inquiries from the oilpatch about locating in the city. Yet, the city recently optioned 40 acres of heavy industrial land in the Sherring Business & Industrial Park.
Lease rates
There has also been a fair amount of hype about the potential. Jeremy Koot, an associate with Bankers Commercial Real Estate in Lethbridge, has certainly been hearing expressions of interest for city space. “We’ve had a lot of inquiries, but nothing solid yet – I think it’s a lot of feelers,” said Koot. One of the challenges for Lethbridge is that its largest southern Alberta rival, Medicine Hat, is already home to a well-developed
oilfield service sector 165 kilometres away. Much closer Taber, only 50 kilometres east on Highway 3, also sports a significant batch of oilfield-related employers. But a lot of the recent action looks to be immediately south and west of Lethbridge, setting the table for potential related growth. Firms such as DeeThree Exploration Ltd. have fuelled optimism by announcing capital budget increases and improved production forecasts for the area in 2012. The company’s current overall production is 4,000 barrels of oil equivalent per day (63 per cent crude and natural-gas liquids). Koot certainly sees more development coming, as projects like Chinook Business Park on the east edge of the city have been attracting a variety of business, from hotels to office developments.
Oil development doesn’t appear to be driving building permits just yet. Lethbridge’s permit values actually fell about $8.1 million for the first half of 2012, a decline of about 8.4 per cent from the previous year. While the single-family home sector was up sharply, there were declines in values for commercial and industrial projects, not to mention a huge drop in multi-family permit values from just over $10 million to about
Please see SKEPTICS page B18
COLD LAKE MULTI-RESIDENTIAL LAND FOR SALE
www.danpreston.ca
Personal Real Estate Corporation LAND ASSEMBLY • DEVELOPMENT • INCOME PROPERTIES
With $2 billion in new oil sands development by Imperial Oil, Cold Lake is Alberta’s hottest city. Multi-residential land is well-located, serviced, zoned and ready for construction.
WHISTLER REVENUE TOWNHOUSE $408,000 3 bed - 3 bath - $2,400 pm income 36 units on 10 acres - Site Redevelopment Potential
SENIOR'S DEVELOPMENT SITE SALE: $1,990,000 Foundation in place, tendered plans, permits, ready to complete. 88 units.
Call 306-244-0981or remai@remaigroup.com
HOTELS/MOTELS
Contact us for a free information package!
Housing
Alberta
ALBERTA INVESTMENT OPPORTUNITIES!
Ray Telford • Economic Development • info@camrose.ca • 1-888-672-4426 • • camrose.ca •
Lethbridge isn’t an expensive place to lease commercial properties. The average annual lease rate for 2011 was about $11.52 per square foot, down marginally from a year earlier, according to Economic Development Lethbridge, whose numbers include the industrial, office and retail sectors. While industrial space can be had for between $6 and $8 per square foot, downtown office space runs in the $14 to $18 per square foot range. Top retail space is now leasing for $25 to $35 per square foot, with top rates for new commercial projects on the west side of the city, and in south-end power centres, Koot said. Save On Foods is the biggest new store to open in the city, locating in west Lethbridge. Commercial real estate giant Avison Young certainly seems high on Lethbridge, concluding in its last annual forecast for the city that, “Strong investment activity is expected to continue through 2012.” The real estate firm notes the potential of drilling activity at the Bakken oil play. “If this project comes to fruition, it will put substantial pressure on landlords and developers to provide more locations for energy-specific uses.”
• 16 UNIT MOTEL in busy Northern Alberta with 100 seat lounge, VLTs, liquor store and restaurant. 2011 Rev. 716,000. Asking $990,000 • 63 ROOM FULL SERVICE HOTEL in beautiful West Central Alberta. 2011 Rev. $4.8Mil. Asking $7.2 Mil. • 20 UNIT MA & PA MOTEL very clean with an established guest list. Asking $1.1 Mil. For more inFormation call Camrose Alberta
eMAIL:
• 114 ROOM FULL SERVICE HOTEL in scenic west oil country Alberta. Rev. $4.0 Mil. Asking $8.7Mil. • 68 ROOM FULL SERVICE HOTEL in Central Alberta. Asking $3.5Mil. • 12 GUEST ROOM OLDER HOTEL with renovated bar in Viking, Alberta. Asking $159,900 • CAMROSE ALBERTA 4-PLEX Fully leased. Asking $429,900
Orest: 780-679-8353
swancity@telusplanet.net
•
FAx:
780-672-1897
www.swancityrealty.com
INVESTMENT PROPERTIES FOR SALE
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- NOW PENDING I need investment properties for all ICI categories. Looking for apartments, commercial/retail buildings, industrial properties etc. Free evaluation!
RICK D. JENKINS bus: 780-990-6120 • cell: 780-990-6120 ..email: rdjri@telus.net POLARIS REALTY
Commercial Realtor
B16 Recreational Real Estate LIFESTYLE PROPERTIES •••
•
www.westerninvestor.com septemBer 2012 WESTERN INVESTOR
“The Source” for Oceanfront, Lakefront, Islands, Ranches, Resorts & Land in BC at:
www.landquest.com 604-664-7630 • 1-866-558-LAND (5263)
OKANAGAN LAKE VIEW ACREAGE - VERNON
• • • • • •
10 acre hilltop - 360 degree view Potential for a variety of uses Build a home or resort style vineyard Overlooks 2 lakes, city & farmland vistas Prime location with lots of sunshine $449,000
LODGE IN RIVERS INLET WEST COAST BC
• • • •
Fishing lodge – 16 acres Located at Wadhams in River’s Inlet Low bank west facing oceanfront 4 cabins, accomm. 20 guests, crew quarters • Walkway, ramp & floats. $1,195,000
SEASONAL HUNTING CAMP WESTBRIDGE, BC
• • • • •
Near new 1,900 sf home – fully equipped 8 seasonal cabins – each sleep 4 About 2 hours to Kelowna – Big White White tail and mule deer in abundance Good year round access. Approx $40K income. $475,000 ANXIOUS SELLER
BC’S SHUSWAP LAKE 1.23 ACRE VIEW LOT
• • • • • •
Deceased Owner - Estate anxious to sell BEST BUY IN THE SUB-DIVISION Good building site for home + cottage No time frame to start construction Water, hydro at lot line REDUCED TO $75,900
BELLA COOLA 500 SF RESIDENCE ON 2 ACRES
• 12’ x 16’ workshop. 15-20 min from marina • Toys and tools included (approx. $19K value) • $169,500 bargain buy • Option to purchase - 24’ Lifetimer Ocean Vessel
Rich Osborne 604-664-7633 Personal Real Estate Corporation
Rich Osborne 604-664-7633 Personal Real Estate Corporation
Brian Harris 604-664-7636 brian@landquest.com
Brian Harris 604-664-7636 brian@landquest.com
Ron Svisdahl ron@landquest.com TOLL FREE 1-855-267-2591
PORT BROWNING MARINA RESORT, N. PENDER ISLAND
OAKS BLUFF LODGE & FARM PENDER ISLAND, BC
NORTH OKANAGAN VINEYARD ENDERBY, BC
52 ACRE FARM CRESTON, BC
THE NEW 108 RESORT CARIBOO REGION OF BC
10 acre oceanfront estate property Successful B&B with 3 buildings Lodge & cottage with 360° views Coach house overlooks orchard & gardens Self-sufficient, abundant water, Farm Status. $1,780,000
• • • • • •
Fertile farmland on the Creston Flats 22 ac. hay/30 ac in 6 yr. old cherry trees Incl. Skeenas, Sweethearts & Sandra Rose Page fencing, drip irrigation and cleared serviced building site • $619,000 (terms considered)
• 548 acres - 18 hole golf, tennis, horses, fishing, biking, hiking etc. • 42 well-appointed guest rooms • Looking for investor/partners • Great development opportunities • $3,970,000
• Serious development potential! • Busy year-round pub, restaurant & marina with excellent cash flow! • 5.33 level acres & foreshore lease • 920’ low bank oceanfront & 3,000’ wharf. NEW PRICE! $4,540,000
• • • • •
8.5 acre property 5 acres of grapes 3 bdrm, 3 bath log home Situated in BC’s wine country Perfect for winery sales and/or B&B $799,000
• • • •
Dave Cochlan 604-664-7340 dave@landquest.com
Dave Cochlan 604-664-7340 dave@landquest.com
Ken Hunter 1-855-214-5263 ken@landquest.com
Larry Laing 250-513-2733 larry@landquest.com
Konrad M. Schmid-Meil 250-395-2233 konrad@landquest.com
LIKELY HOTEL LIKELY, BC
RECREATIONAL WATERFRONT LOTS BURNS LAKE, NW. BC
SKEENA RIVERFRONT FISHING LODGE - TERRACE, BC
NOVA SCOTIA WINERY/ VINEYARD, ANNAPOLIS VALLEY
LYTTON, BC AIRSTRIP DEVELOPMENT
10 waterfront lots in the Lakes District 1.98 acres to 106.44 acres. Boat acc. From $39,900 to $109,900 (plus app. taxes) Large discount if purchase entire subdivision • Details and photos at www.landquest.com
• Turn key fishing lodge. 9.88 ac. • Main lodge w/ guest rooms, licensed dining room & bar, 14 cabins • Commercially licensed smokehouse, outbuildings, boat launch & equip. • 2 classified rod days on Skeena $1,300,000
Heather and Mike Dillon 250-706-9680 heatherandmike@landquest.com
Denis Dore 250-847-6159 denis@ landquest.com
Denis Dore 250-847-6159 denis@landquest.com
Kurt Nielsen 250-338-6090 kurt@ landquest.com
Kurt Nielsen 250-338-6090 kurt@ landquest.com
MARINE HOTEL POWELL RIVER, BC
SEASCAPE RESORT & MARINA QUADRA ISLAND, BC
EXECUTIVE ESTATE / DEV. PROPERTY - VICTORIA, BC
A PIECE OF PARADISE
PRIME DEVELOPMENT PROPERTY – PEACHLAND, BC
• • • • • •
Waterfront 2.24 acres on the Quesnel River Private dock for fishing and boating 120 seat licensed pub Great hunting and fishing area Vendor financing possible $525,000
• Prime location, downtown above the ferry terminal • 23 rooms, 150 seat restaurant • 125 seat pub, banquet room • 3 storey, 20,000 sf of finished space • $899,000 Jason Zroback 1-604-414-5577 Jamie Zroback 1-604-483-1605
• • • •
• 2.03 ac oceanfront in Gowlland Harbour • 2 titles & 2 foreshore marina leases • 12 oceanfront & 1 deluxe ocean view cabin, spectacular 1,800 sf log pavilion • 2,000 sf main house, 1,220 sf workshop • 1000’ of premium dock space. $1,798,000
• Zoning allows for 10 acre lots • Panoramic ocean and city views • 99 acres $2,500,000 and 118 acres $2,500,000 • Some drilled wells and driveways already roughed in.
Jason Zroback 1-604-414-5577 Jamie Zroback 1-604-483-1605
SELKIRK WILDERNESS SKIING MEADOW CREEK, BC
• Incredible opportunity to own the “Flag Ship of Cat Skiing” • Established in 1975 as the first Snow cat operation in the world • Over 10,000 acres of skiable terrain • 10,000 sf lodge which accommodates 24 guests plus staff • Generates significant income with 9% CAP rate last year • Financials available • Only cat operation with 5 day weeks • $3,350,000
Sam Hodson 604-694-7623 sam@ landquest.com Matt Cameron 604-694-7628 matt@ landquest.com
• • • • •
• • • • • •
Located in Bear River – 11 acre 7 acre vineyard + 4 acre woodland 400’ riverfront with cottage 100% estate grown and bottled in N.S. Combined winery and residence REDUCED to $949,000
• • • • •
Secluded get away on pristine Pitt Lake Delightful 1,064 sf panabode cabin Covered deck with view of the lake Crystal fresh water supply An easy 40 minute boat ride and on the sunny side. GREAT value $349,000
• • • • • •
• • • • • •
58 acres – two titles 3 separate zoning designations Just north of downtown Lytton Services to be installed Airpark potential $489,000
Spectacular Okanagan Lake views R-4 medium density multi-fam zoning Large 6.07 acre site on two titles Zoning density allows 100 condo units Only steps from downtown Peachland $3,850,000
Penny McFarlane 1-250-640-4112 penny@landquest.com
Doug Dyer 604-664-7634 Rich Osborne 604-664-7633
Sam Hodson 604-694-7623 sam@landquest.com
THE UPPER RANCH RADIUM HOT SPRINGS, BC
SNOWY MOUNTAIN ADVENTURES, BLUE RIVER, BC
BLACK STOCK ESTATES 100 MILE HOUSE, BC
Historic working ranch, Columbia Valley 3 km of frontage on the Columbia River Restored Eaton’s Catalogue home Beautiful 2 storey barn Productive hay land, large garden, pond, & running creek. $2,850,000
• Recently launched ski touring business • 98 square km of terrain. 2.5-5m snowpack naturally-gladded/treeline • 27 foot Alpine Stout Winter Yurt • Equity partner down also available • 868 sf lodge building $680,000
Matt Cameron 604-694-7628 matt@ landquest.com
Matt Cameron 604-694-7628 matt@ landquest.com
• • • • • •
Fourteen fully serviced lots Picturesque south west facing slope On the outskirts of 100 Mile House Walking distance to all amenities Lots range from 0.5 to over 9 acres New Prices from $73,000 – $104,000 Carson Dorward 250-593-9342 carson@landquest.com
WESTERN INVESTOR september 2012 www.westerninvestor.com
COVER Transfer of First Nation lands to Crown leases eases concerns of high-end home buyers
b17
Native play puts spirit into Okanagan market FRANK O’BRIEN
Saskatchewan cottage resort sells right out
WeSTeRn InveSTOR
I
The land is part of Osoyoos Indian Band territory, but the site for the Residences at Spirit Ridge has been transferred to a Crown land lease to help facilitate sales, explained Spirit Ridge sales manager Curt Jansen. The Crown leases, which run for 99 years, remove any concerns that buyers may have about the security of native land leases, according to Jansen. “It means that, despite what happens politically with the native band, the leases remain in effect,” Jansen said. The long-term leases qualify for conventional mortgage financing, Jansen added. Yet the Crown agreement for the leases excludes B.C’s harmonized sales tax (HST) and property transfer tax (PPT), which could save a buyer from $20,000 to $40,000 on the purchase of the higher-priced luxury homes, he said. The 17 villas are high-end contemporary designs perched above the existing Spirit Ridge Resort and Spa and its Sonora Desert golf course. Typical prices start from $430,000 for a two-bedroom unit of 1,240 square feet, but most are priced closer to $600,000. Only four of the villas in the first phases were still for sale, although construction doesn’t start until later this year. Bellstar is preparing to launch the next phase at Spirit Ridge Residences,
Photo: Bellstar Hotels & Resort/Osoyoos Indian Band
n the hills above the popular B.C. resort community of Osoyoos, Calgary-based Bellstar Hotels & Resorts is building its second full-time residential community – and it comes with a political twist on the leased land.
Contemporary design, unique land lease characterize luxury Residences at Spirit Ridge above Osoyoos. INSET: Chief Clarence Louie of the Osoyoos Indian Band.
which will feature 37 luxury villas.
Detour
The Residences have proved a successful detour for Bellstar, which has concentrated on Western Canadian resorts where real estate is sold as hotel condos or fractional shares. “That recreational market has been hit hard,” Jansen said. One only has to look at Bellstar’s Spirit Ridge and Spa project for an example. Bellstar has slashed suite prices at the Spirit Lodge by as much as 40 per cent, but the ownership formula, which is similar to other hotel condo projects, still makes them a tough sell. For instance, the monthly strata fees are $620 per month and, while the Ridge was booked solid in late July, the annual occupancy level is around 45 per cent. The
high fees are required, Jansen said, to assure the resort maintains its 4.5-star rating. As well, the suite owner receives only 55 per cent of the rental income, which ranges from $155 in the off season to up to $330 per night during the summer. In addition to the Residences at Spirit Ridge, Bellstar, in partnership with the Osoyoos Indian Band, has begun construction of the 44-home Canyon Desert Golf villas at Oliver, about 20 minutes from Osoyoos. The first phase of the bare-land strata gated community offers detached houses aside the nk’Mip Canyon Desert Golf Resort. Subsequent phases will include more golf villas, a community centre and beach residences on adjacent Tuc el nuit Lake. Golf villa prices start in the mid-$300,000 range with no HST or PPT and ownership includes two years of free golf. The land is also under
A
ll 39 cottages at the Elk Ridge Resort in Saskatchewan sold out in 38 days, according to the developer, with sales totalling $15.6 million. The brisk sales are indicative of the recent upturn in Saskatchewan recreation sales, which Western Investor reported on in August. The Cottages at Elk Ridge consists of freestanding, rustic vacation properties on the edge of Prince Albert National Park in the woodlands just beyond Waskesiu Lake. The cottage communituy willl complete over the next 18 months.
99-year Crown land leases. Most of the sales at both the Residences and Canyon Desert are to early retirees from Alberta, according to Jansen. Indeed, while Western Investor was visiting the sites, there was a steady stream of potential buyers, mostly couples from edmonton. The new Bellstar developments also reflect the business savvy of the Osoyoos Indian Band. Under the leadership of outspoken Chief Clarence Louie, the Osoyoos Indian Band Development Corp. owns and operates more than a dozen businesses, including the Nk’Mip Winery and a construction company. “Most First nations realize that we can’t wait for land claims to be settled,” Louie said. “The economy is always the no. 1 issue to white people, it should be no.1 to First nations as well.”u
Recreational Real Estate LIFESTYLE PROPERTIES/Alberta
Commercial, Industrial & Residential Financing
Development Estate Waterfront
BUSINESS & INVESTMENTS MOTEL IN SUNDRE * Asking: $2.49M * SALES: $752,047 * NOI $366,681 * 25 UNITS * 17 VLT’S MOTEL IN DIDSBURY * Asking: $650,000 * Busy motel * 17 Units + 30 Seat restaurant
Obtaining Mortgages and Loans can be made Easy & Simple!
GAS STATION IN SUNDRE * Asking $690,000 * Sales: $1,368,445 STRIP MALL IN CARSELAND * Asking: $2.2M * NOI: $140,400 * Building size: 12,600 sqft
Contact: Frank Hickey
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
P (403) 290-1990 F (403) 269-1853
LIQUOR STORE IN VULCAN * Asking: $280,000 * Sales: $528,000
frank@concordmortgage.ca Offering one of the nicest settings on Kootenay Lake on the North Shore of Beautiful Nelson, British Columbia.
• 300 ft. of Waterfront with 28 Acres $2,850,000 • Not in the A.L.R. • Gorgeous, benched view property • 3 bdr. 2 bath, house on the sandy beach • Not in a flood plain
Call for more information: 1.250.354.9040
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 403-681-7512 www.rockypark.ca
b18 Alberta
www.westerninvestor.com september 2012 WESTERN INVESTORW
FR ANCH I S E
ETHBRIDGE
OPPORTU N ITY AVAI LAB LE Unique, Successful, Growing Retail Business. Proven Profitable. Cheap Smokes & Tobacco + Min cash investment $50k Contact: jeff@cheapsmoke.ca or call Jeff lawrence
403-472-6661
OPPORTUNITIES
800 sq.ft. on downtown LEASED thoroughfare $20.00 sq.ft. Triple net. Vacant. 2000 sq.ft. in high traffic mini mall Off street parking. $10.00 sq.ft. Available immediately. 1480 sq.ft. 4 Professional offices Totally renovated. Adjacent to major mall. 2160 sq.ft. shop 3-phase power Overhead tube ray heating. Excellent for cabinetmaker etc. Central area. $10.00 sq.ft. 3500 sq.ft. Restaurant on major city highway Long-term lease in place. Has been operating for over 10 years. Includes large off site catering business.
K E I T H LE E S
www.cheapsmokescanada.com
403-894-0534 w w w. k e i t h l e e s. c o m
SKEPTICS from B15
$2.5 million. Stephen Amonson, president of the Canadian Home Builders’ Association’s Lethbridge region, says there’s room for optimism, even with lot prices up in a city where the local government is the largest land developer. “A lot of the production builders seem to be reporting some good returns, and the custom builders are pricing and building stuff, so there seems to be good activity across the board,” he said. Activity picked up in late fall and early winter, and has continued into 2012. Amonson can’t help but mention the oil sector when talking about Lethbridge’s economy, but acknowledges nothing is certain. “Nobody knows how that’s all going to play out,” he said, though with agriculture and the agri-food sector doing well, and the steadying influence of the government sector in the city, no one is too worried about living in a boom-and-bust oil town. Home builders are typically shelling out $70,000 for an entry level lot, and close to $100,000 for a mid-range lot, Amonson says. He expects those prices may jump another 10 per cent to 15 per cent in the next six
Quick facts ALBERTA
Calgary
1
Strathmore Okotoks High River
1
Brooks
2
Claresholm Crowsnest Pass
LETHBRidgE
✪
Whiskey gap
U.S.A.
Babb
3
Coutts Sunburst
Lethbridge, AB Population 89,074 Industrial land $135,000 to $215,000 per acre Lethbridge avg. condo price $160,000 Detached house price $265,800 Biggest employers Eight of top 10 are public-sector entities
months. While lot prices are headed up, resale housing prices in the city and surrounding region have remained flat, according to John Bekkering, president of the Lethbridge and District Association of Realtors.u
Suite 1, 6204 - 6A Street SE Calgary, AB T2H 2B7 Tel: (403) 214-2344 Fax: (403) 214-0244 www.blackstonecommercial.com
PRIME RETAIL AND OFFICE SPACE On Macleod Trail, Calgary, AB • Competitive Rates • On-Site Landlord • Low Operating and Tax Costs • Across the street from Carriage House Hotel
FOR SALE
FOR SALE
4110 - 79 Street NW, Calgary, Alberta 10,250 Sq. Ft. Office Building 7.93% Cap Rate $2,100,000
97 Prairie Place SE Calgary, Alberta 4.7 Acres of Land 6.3% Cap Rate $1,590,000
602 - 12 Avenue SE, Calgary, Alberta 7,000 Sq. Ft. Downtown Site $975,000
5007 - 50 Street Innisfail, Alberta 3,808 Sq. Ft Building Area + 4 Apartments 7.15% Cap Rate $350,000
Westmount Village Phase 1, Okotoks, Alberta 24,175 Sq. Ft. Shopping Centre 7% Cap Rate $9,000,000
1267 - 3 Avenue Lethbridge, Alberta 5,000 Sq. Ft. Building Area 9% Cap Rate $500,000
FULL SERVICE MOTEL In Dynamic Good Sized City Western Saskatchewan • 29 rooms, banquet and restaurant facilities with lounge and VLT’s • Priced at $2.1 million at an 11% cap rate • Room for improved bottom line
SOLD
HOTEL - FULL SERVICE Southeastern Alberta
• 42 rooms with room and plans for expansion • Two lounges with high VLT Count
Motels Priced Under $700,000
• Located in various southern Alberta towns • Great returns for an on-site owner/operator. • Have your own business for little more than the cost of an average home in Calgary.
Tim Anderson (403) 291-8866 tanderson@blackstonecommercial.com timjn_anderson@yahoo.ca
LAND FOR SALE - DIDSBURY, AB • 1.03 Acres in the growing town of Didsbury • Vendor motivated. • Busy intersection with great access. • Ideal for Gas Station and many other uses. Blair Mastin Tel: (403) 291-8869 bmastin@blackstonecommercial.com
D L O S Shane Olin Tel: (403) 708-9086 solin@blackstonecommercial.com
www.blackstonecommercial.com
Shane Olin Tel: (403) 708-9086 solin@blackstonecommercial.com
Alberta b19
WESTERN INVESTOR september 2012 www.westerninvestor.com
1,246 ACRES OF DEVELOPMENT POTENTIAL IN CALGARY PRICE REDUCED Comprehensive development potential, or hold for future, just south of Calgary in M.D. of Foothills. Property has 3.2 km frontage on the beautiful Bow River. Located adjacent to Cottonwood Golf and Country Club, the property is a short 25 minute drive from downtown Calgary. For more information, please contact the listing agents, or visit www.FM2Ranch.com .
Mark Lester
Sotheby’s International Realty Canada t. 1 604 632 3345
Rob McElhoes
Colliers International Calgary t. 1 403 298 0403
Sunlife Place, 10123 - 99 Street Edmonton, AB T5J 3H1 Suite 2300
780.420.1177 1.877.429.9373 www.cwedm.com
INVESTMENT OPPORTUNITIES
INDUSTRIAL BUILDING FOR SALE
MULTI-FAMILY PROPERTIES •
Elinor Lake Resort; 150 acres of lakeside residential land near Lac La Biche, AB
•
29 units in two buildings in Wetaskiwin; 80% 2-bedrooms
•
Highrise site in Rutherford; 1.02 acres zoned for 105 units in dynamic area
PRICE REDUCED
•
High density development sites & apartment opportunities in Wetaskiwin.
Stettler Shopping Mall
•
Lac La Biche Mobile Home Park, 58 pad and 157 acre site.
•
83 units, Morinville; 10 minutes from St. Albert; built 1980
91,403 sq. ft.; The Brick, Peavy Mart, ATB. $60/sq. ft
Westlock Shopping Vinet’s Village Mall Vegreville, AB Centre 64,218 sq. ft.; Peavy Mart, Bargain Shop. $49/sq. ft.
63,000 sq. ft.; Bargain Shop, Value Drug Mart. $91.50/sq. ft.
Contact: Dave Cooney or Doug Fogg investment@cwedm.com
Development land in
area
Located in Spruce Grove on Jennifer Heil Way, north of Hwy 16. Adjacent to Superstore and Home Depot; Parcels from 1 – 3.75 acres; Great owner/user land.
Contact: Doug Fogg doug.fogg@cwedm.com
EDMONTON SPORTSDOME • • •
3.84 acres of land with 85,000 sq.ft. complex $1.2 million in projected sales for 2012 $6,000,000
•
Well located two-storey building on 124 street for sale Excellent owner/user opportunity with dental built out on main PRICE REDUCED: $1,699,000
CENTRAL OFFICE BUILDING • •
Contact: Ian Newman ian.newman@cwedm.com
Close access to Yellowhead & St. Albert Trails, as well as Anthony Henday Drive. Three building complex, fully leased with tenants. $6,200,000
WESTBAY CENTRE
Contact: Chris Kamphius or Raphael Yau multifamily@cwedm.com
•
COMMERCIAL CONDOS
• • •
3,000 - 9,500 sq. ft.; Perfectly located on Fort Rd. at Wayne Gretzky Drive and Yellowhead Trail Starting at $110/ sq. ft.
+40,374 sq. ft. building located in the business district of St. Albert. Dock and grade loading ideal owner/user building with income Asking $6,000,000
MULHURST BAY CROSSING
Contact: Burke Smith burke.smith@cwedm.com
132.4 acres on Pigeon Lake; Area structure plan approved for 207 units and 200 site RV seasonal park; 10.28 acres commercial development site.
PRIME WEST EDMONTON LAND
DEVELOPMENT OPPORTUNITIES
• • • •
+/- 0.947 ACRES: Valemount, B.C. Zoned C3 (Service Commercial). $49,500
Zoned RA7 Ready to build – up to 172 units 3.34 acres Asking $4,175,000
+/- 1.05 ACRES: Valemount, B.C.. Zoned HC (Highway Tourist Commercial). $455,000
Contact: Jeff McCammon or Doug Bauer investment@cwedm.com
+/- 3.84 ACRES: Fronting St. Albert Trail, Zoned IB (Industrial Business). $3,500,000
SPACIOUS B.C. RETAIL SPACE
+1.18 ACRES: Well located with direct exposure to 50th St., Zoned CSC (Shopping Centre). $1,362,000
+12,000 sq. ft. free-standing building, located off a busy highway in Merritt B.C., is for sale or lease, and includes a bonus parking lot. Lease: $6.00/sq. ft Sale: 850,000.
Contact: Murry Osborne murry.osborne@cwedm.com
+19.49 ACRES: Great access to Anthony Henday & Highway 16, Zoned IM (Medium Industrial)
Contact: Jeff McCammon or Doug Bauer investment@cwedm.com
B20 Alberta
www.westerninvestor.com septemBer 2012 WESTERN INVESTOR
t a s t E e l a e R e m i r P S ylvan L ake, A lberta
HOTEL OPPORTUNITIES
Pizza Business, Restaurant/Bar Business, Land & Building across from the Beach.
Call cell:
CARL STEPP
403-358-9300
www.sylvanlakehouseguy.com BUSINESSES • COMMERCIAL LAND • LAKEFRONTS
Central Alberta
• 4000 sq ft Penthouse Office Space For Lease on 17 Ave SW • 2175 sq ft West Downtown Office Condo For Sale $761,250 • 8 Suite Apartment Building in Marda Loop $1.2M • 3200 sq ft Office/Showroom & 3,600 sq ft Warehouse
Bus: (403) 240-4000 www.toolepeet.com
• Canmore Liquor Store Business Only $274,900 • Buyer Brokerage for Alberta Multi-Family Properties and Western Canada Golf Courses
Email Commercial@prutp.com to Receive Our Current Alberta Apartment Report! Central alberta Campground opportunities
laKeFront! 403-347-0744 piNE LAKE cAMpgROUND (ScOTTYS FAMiLY RESORT)
**ONlY 90 miNUTES NOrTH Of cAlgArY**
$3,250,000 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.
• LIMITED SERVICE, 89 ROOMS, located in smaller city in Alberta. Amenities include pool, waterslide, fitness room, business centre, guest laundry and microwaves and fridges in all rooms. The hotel is run as an independent, but holds good prospects for franchise conversion. 12+ Cap rate, 26.62% cash on cash if financed at 65%. Asking $11,600,000. • FLAGGED, 48 ROOMS, limited service hotel featuring indoor swimming pool, whirlpool, guest laundry and other amenities. This property is very well located on a major highway and has good revenue and occupancy that are trending upwards. Reduced to $4,300,000. • 172 ROOMS, FULL SERVICE, FLAGGED, with a high profile location in a major centre with plenty of meeting space, recent exterior and interior improvements, solid and proven cash flow. Reduced to $27,000,000.
• 3000 sq ft Victoria Park Office Space For Lease
KAciKEwiN cAMpgROUND & cABiNS
• 70 ROOMS, new, high quality construction to be completed in 2013 in an absolutely booming marketplace. This hotel is part of a superb, regional brand with a highly loyal clientele. The site will accommodate a restaurant pad. Well over a million dollars of free cash flow is projected. Excellently priced at $8,700,000.
• 26 Fully serviced RV sites • Boat launch/dock • Residence/store • 165' lakefront w/sandy beach • Only lakeside store on entire lake • Located next door to Whispering Pines Golf & Country Club
• 91 ROOMS, FULL SERVICE, independent hotel in a thriving Alberta oil center. Amenities include whirlpool, sauna, exercise room, meeting/banquet rooms for up to 100 people and guest laundry. This hotel offers a good room mix of business, family and Jacuzzi suites. Asking $10,500,000. • HOTEL PACKAGE, 2 hotels totaling 260 rooms in major city. Asking $48,500,000. • 173 ROOMS, FULL SERVICE, independent hotel and convention centre with owned restaurant, gaming room and night club, located in a thriving and resource-based Alberta centre. Amenities include abundant conference space for up to 500 people, fitness centre, steam room, high speed internet and ATM. Very solid and stable cash flows. Asking $11,000,000. • 120 ROOMS, FLAGGED HOTEL with National and Regional tenancies, amenities include rooms with microwaves and fridges, exercise room and meeting rooms, restaurant and lounge with outdoor patio. Located in a vibrant and growing area. This property has very little deferred maintenance. Asking $23,000,000.
current offerings • A Flagged Limited Service Hotel with an excellent mix of rooms and suites, a prime location, superb condition - no deferred maintenance -, very impressive revenue performances that are continuously increasing year over year, thus representing a tremendous potential upside going forward. Asking $32,000,000 • A Flagged Full Service Hotel, excellent condition no differed maintenance, first class Location that speaks for itself, superb occupancy and resultant revenues, mortgage financing at a very good rate, an investment the ultimate Purchaser will be very pleased to have in its investment portfolio. The upside of this great Hotel going forward, is very good. Well priced at $26,500,000 • A flagged Full Service Hotel with every conceivable amenities and various conveniences, well located in and area of very strong economic development that renders continuous performances of this outstanding establishment. Excellent mortgage financing is available for a qualified Purchaser. Asking $17,500,000 • A flagged 99 Room Full Service Hotel Featuring a number of suites and lofts in its room mix, extra vacant land that will facilitate a significant number of rooms well beyond its current number. Large, conference/banquet area with excellent facilities, restaurant/lounge, fitness centre; a very recent complete up-grade renders the hotel in superb condition with no differed maintenance currently. Asking $12,000,000 • A Flagged 48 Room Limited Service Hotel, featuring indoor Swimming pool among its other amenities, very well located on a service road that gives it highway exposure, outstanding Revenue/occupancy performances. Asking $4,299,000 • 148.41 Urban Reserve Land with potential uses for highway commercial and residential in a town with tremendous growth potential going forward, very reasonably priced at $2,990,000 • Located in a very popular Ski Resort A New Deluxe 2-Bedroom Condo Consisting of 2-bath rooms, fireplace, cable among many other superb Features, plus the many amenities such as swimming pool, sauna, fitness Center, indoor parking to name a few within the Building Complex’ Immediate possession available, a great buy with cash to an existing mortgage of $326,200 more or less, at the Asking Price of $499,000
For further information, contact
$2,000,000.00
WANTED: fArm lAND iN cENTrAl AlbErTA. WE HAVE bUYErS!!!
Dusty smith team SUTTON LANDMARK REALTY / RED DEER, AB
403-347-0744 • www.dustysmithteam.ca
Gary & Renée Anderson Hospitality Sales Specialists Direct: 780-432-1408 contactus@andersonhotelsales.com www.andersonhotelsales.com Carton Realty Ltd. Office: 780.444.6605
Wetaskiwin Needs Developers Opportunities abound in Alberta’s most strategically located city Ron Holland City of Wetaskiwin 780-361-4404 rholland@wetaskiwin.ca www.wetaskiwin.ca
SHOPPING CENTRE
l Big box project, anchored by Walmart, available for next phase l Retail opportunity study completed, call today for your copy
INDUSTRIAL PARK
l Prospective tenants/purchasers waiting for development l Several excellent sites available, some close to Home Hardware Dist. Centre
B21
WESTERN INVESTOR SEPTEMBER 2012 www.westerninvestor.com
SPOTLIGHTCentral industrial power centre recruits investors with big plans, cheap land and less red tape
Wetaskiwin’s “no bull” guarantee LUCAS WARREN
Photo: Lucas Warren
WESTERN INvESTOR
Wetaskiwin, AB
City population 12,525 he new director of the WetaskiwinJEDI region population 25,483 based Joint Economic Development Trading area population 48,000 Initiative (JEDI) has a simple goal: Business continues as downtown Potential Industrial development attract more investment and more business Wetaskiwin undergoes an upgrade. to this city located between two of the fastest opment environment, Spagrud explained. development specialist. “It is about enabling growing centres in Alberta. Wetaskiwin is located 70 kilometres south creative ideas and working with industry to
T
“The JEDI experience is unique in Western Canada [and perhaps all of Canada],” said Edie Spagrud, who was the former CEO of the Saskatchewan South East Enterprise Region. JEDI, billed as a “one-stop” industrial development agency, is a partnership between the city and County of Wetaskiwin as well as the Town of Millet. There is a unique cost and revenue-sharing master agreement among the three municipalities that eliminates the need for annexation and creates a united front in Alberta’s hypercompetitive economic devel-
of Edmonton’s Nisku-Leduc region and 105 kilometres north of Red Deer, which represent two of the fastest-growing industrial centres in Canada. JEDI is aiming to attract business with a clear-cut marketing campaign and low-cost land. In the last two years the initiative has completed a growth strategy, a new investment guide and a cheeky guarantee for potential investors. “JEDI’s no-bull guarantee means that whatever your business need is, JEDI will look to meet it,” said Jiselle Sears, JEDI’s economic
reduce the red-tape whenever possible.” Spagrud brings economic development experience from both Saskatchewan and Alberta and said she is looking forward to attracting new business and developers to the JEDI region. How exactly Spagrud will capitalize on the JEDI model remains to be seen, but she has some ideas. “Business and industry expectations are so much higher than they used to be, there is a higher quality of life expectation to go with that,” said Spagrud. “If the JEDI communi-
ties are not exuding that feeling of ‘wow’ we have to look at that and see what we can do to create that. “If I’m attracting business, I want to take advantage of all the benefits of them being in the area – the spin-off advantages,” she said. “[We need to] maximize the economic benefit of a business being located in our region.” With affordable, conveniently located land, strategic plans in place and new leadership at the helm, she is optimistic. “It’s not that business wants our help; they want us to clear the path so development can take place,”said Spagrud. “We have developed processes that are easy, open and seamless to attract more industry. That is JEDI’s advantage. That is where we will succeed.” Currently there is a large amount of underdeveloped industrial land in the JEDI region, creating opportunities for “visionary developers” to undertake the development of serviced industrial parks in order to meet both current and future demand, Spagrud said. Raw land costs are significantly lower than in Nisku-Leduc and Red Deer, she added.u
Alberta
CALGARY OPPORTUNITIES BEAUTIFUL 2 STORY BUILDING $1.3M 4,700 sq ft ideal for professional offices. NE Calgary close to Deerfoot & Transcanada. Corner lot, 17.6 m * 38.2m. RESTAURANT AND PROPERTY FOR SALE $1.5M NE Calgary restaurant offering fine dining. Has liquor licence. 3 bays totalling 3,500 sq ft. One bay leased out. INDUSTRIAL BAY SE CALGARY $275,000 1000 sq ft plus mezzanine. Well maintained in 8 unit complex. KEN WITHER • 587-215-2245 • kswither@gmail.com • RE/MAX House of Real Estate
MOTEL: Asking $1.28mil 27 rooms, sales $320,000 (7 years steady) Vulcan, AB MOTEL: Asking $3.79mil 38 rooms in Edmonton CAR WASH: Asking $2.95mil Sale $600,000 I hour from Edmonton MOTEL: Asking $999,000 17 rooms + manager suite. 5 bed Revenue: $330,000. In Athabasca, AB GAS STATION + MOTEL 25 rooms + leased bay. Asking 2.1 mil. In Smokey Lake, AB. Gas: 2.5 mil, In-store : $1.0 mil, Rental income: $80,000
Thomas Koh (CIR) 403-680-9827 Tomkoh999@gmail.com
Break Out of the Box
MOTEL FOR SALE S.W. ALBERTA • • • •
14 unit, modern rooms, level entry Great location, absentee owner 3 bedroom home, large shop, courtyard Sales approximately: $170,000, Net: Approx: $100,000 • Asking Price: $595,000
Dennis Myers
Call 403-627-7493 • villager@shaw.ca THE VILLAGER REAL ESTATE CO.
NO BULL
Land...red tape…business costs…they can have any transportation & logistics business feeling boxed in. Get your business freedom back 30 minutes south of Edmonton, where red tape is a bad word, there’s affordable land to spread out on, business costs are competitive, a nose to the grindstone workforce has your back thick or thin, and there’s easy access to major rail, road, and air linkages. Home Hardware chose us as its distribution hub for western Canada; Santa Claus considered us.
City and County of Wetaskiwin, Town of Millet
Call 780.361.6231 or visit WWW.JEDIALBERTA.COM
B22 Alberta
www.westerninvestor.com septemBer 2012 WESTERN INVESTORW
Get the Power. Each office is independently owned and operated.
ACREAGE
1 mile SW of SPRUCE MEADOWS 56 Acres
To view commercial properties or find a RE/MAX Commercial practitioner near you, visit
commercial.remax-western.ca
Edson, AlbErtA CommErCiAl building for sAlE or lEAsE!
CA LGA RY, AB
Two Marble Slab Creamery Locations Available Business Only - turn Key franchise operations MARBLE SLAB CREAMERY
MARBLE SLAB CREAMERY
Potential for development
$1,590,000 MLS ® C3490911
$339,000
BOB WISEMAN
RE/MAX Landan Real Estate
403-256-3888
WHITECOURT, AB Best Restaurant & Pub in Whitecourt on Hwy 43. Sales: 1.6 Mil, over $320,000 in equipment & leaseholds $120,000 net. 110 seat rest., 160 seat lounge, 80 seat banquet, 6 VLTs. Owner retiring. Priced to sell at $299,500 Swan Hills: Heart of Oil Patch Fully operational gravel & trucking business, 70 acre gravel pits, 8 trucks with pups & trailers, crushers, loaders etc. Land, shop, owners retiring. Sales 3 Mil. Listed @ $3.2 Mil
LEO ZELINSKI:
Advantage WCT
780-778-1207 cell leozelinski@remax.net
RED DEER
Located in the heart of Edson, AB right on busy Highway 16! Building has over 6600 sq ft of retail space, 1200 sq ft of warehouse/storage space complete with loading door and a separate office. C1 zoning, parking at side & rear of building.
• Busy 17th Ave SW location • Brand new equipment • Good mix of tenants • MLS# C1021237
Virtual tour at www.myvisuallistings.com/vt/83897/photo/
Virtual tour at www.myvisuallistings.com/vt/90385
L AND AND PROPERT Y FOR SA LE
Priced to sell at $699,900
or Owner will negotiate a long term lease.
Karen sPencer-Miller realtor
®
re/MaaaaaaaaX Boxshaw Four realty
cell 780.712.3333 • office 780.723.7818 kspencer@remax.net
PINE LAKE
Investment or use this 134 ac located on Hwy 11 just SUBJECT PROPERTY 2 ½ miles from the City of Red Deer, AB. Located in the Red Deer City Growth Plan and next to the popular 18-hole Alberta Springs Golf course. With its existing zoning there are numerous possible uses. $949,000.
Corner of McKnight Blvd & Stoney Trail NE
DEVELOPMENT LAND 147 AC Excellent location for development or holding investment at Pine Lake, Alberta. Directly across the road from large upscale Campground and Golf Course. Development potential may range from residential to commercial. $2,100,000.
GREG CRIPPS Bus 403-343-3020 Cell 403-391-2648
Central Alberta • Red Deer, AB
$359,000
• Store equipment is brand new • Good mix of tenants • Very busy shopping centre • MLS# C1020914
Excellent Property with 23.05 Acres of land with 1488 sq ft Bi-Level walk out basement house within the Calgary city limit. Enjoy the country living inside the city limits. Total 6 bedrooms and 3 with ensuite bath. 2 Kitchens and a large MLS ® C3524429 deck facing Stoney Trail.
VIJAY THANKEY 403-554-4268 www.vj2good.com vj2good@hotmail.com
Virtual Tour at: www.360pics.ca/vinjaythankey/1
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With connection in more than 85 counties worldwide put the Power of the RE/MAX brand to work for your commercial, industrial, agricultural, investment or international real estate needs.
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westerninvestor.com news.archives.reports.updates
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Alberta B23
WESTERN INVESTOR septemBer 2012 www.westerninvestor.com
Colliers Macaulay Nicolls Inc.
3555 Manulife Place, 10180 – 101 Street Edmonton, AB T5J 3S4
+1 780 420 1585 www.colliers.com
Accelerating success. Retail Investment Opportunities
Multifamily Opportunities DOWNTOWN HI-RISE (52 UNITS) JUST LISTED
PONOKA TOWNE CENTRE
Edmonton, AB 6-storey concrete with elevator, located in downtown core, extremely low historical vacancy
5011-48 Avenue, Ponoka, AB 26,782 sf fully leased retail complex. The Bargain Shop, Medical Clinic, Pharmacy. Year I Income - $298,367 Price: $3,500,000
210 UNIT PORTFOLIO JUST LISTED
Edmonton, AB 10 buildings, below market rent, substantially renovated, located in re-development areas
GATEWAY VILLAGE
Unit 114, 2920 Calgary Trail South, Edmonton, AB 1,246 SF new retail condo building, highly visible to Calgary Trail. Price: $467,000
OUTBACK STEAKHOUSE BUILDING
2874 Calgary Trail, Edmonton, AB 7,063 SF freestanding retail pad. Net income: $190,701/year Price: $2,200,000
PONOKA LUBE-X BUILDING
DIR +1 780 969 3006 amit.grover@colliers.com
Jandip Deol, CA
DIR +1 780 969 3043 jandip.deol@colliers.com
Casey McClelland
DIR +1 780 969 3003 casey.mcclelland@colliers.com
Land & Building Opportunities 80,000 SF BUILDING
DEVELOPMENT SITE
KING EDWARD CENTRE
Rutherford area.
Ponoka, AB
Near Edmonton, AB 22 acres, Highway 2 exposure RA-7 Land. 7.4 acres. Infill site, beautiful trees, south side location,
Edmonton, AB 3 large residential suites; 3 commercial units; $890,000
HUGE UPSIDE!
Fort Saskatchewan, AB 180,000 SF, 12 acres. Reduced to $5.3 million ($30.00 PSF)
Jeff Grobman
DIR +1 780 969 3031 jeff.grobman@colliers.com
INDUSTRIAL LOTS FOR SALE Nisku, AB (VIP Lands)
Fort Saskatchewan, AB Limited service, 99 rooms, built between 1995 to 2000. Asking $10,400,000
BEAVERLODGE MOTOR INN
Mark Swaenepoel
DIR +1 780 969 3037 mark.swaenepeol@colliers.com
Perry Gereluk
DIR +1 780 969 3023 steven.pearson@colliers.com
DIR +1 780 969 2979 perry.gereluk@colliers.com
COAST HOME CENTRE Edmonton, ab FOR SALE
1,600SF-30,000SF commercial condos. Great investor and owner/user opportunities.
• • • • •
AB: 2 adjacent parcels totaling 219.24 acres. Parcel 1: 154.66 acres, Price: $2,310,000. Parcel 2: 64.58 acres, Price: $975,000 Halfmoon Lake Land - Halfmoon Lake, AB: +/- 295 acres. 30 minutes north of Edmonton. Price: $1,180,000
For Sale - Judicial Listing Future highway commercial and residential development land 143 acres Attractive financing available Price: $1,430,000 ($10,000/acre)
Mark Swaenepoel
DAYS INN
Grande Prairie, AB Built in 2009. 90 rooms. Hwy exposure. Listed at $9,200,000
STARS INN & SUITES
DOWNTOWN EDMONTON HOTEL
Steven Pearson
FOR SALE
FOR SALE
470.36 acres of future commercial Riverbend Heights - Athabasca, AB: and residential development land. 150 acres of land for future Highway frontage. development. Price: $2,160,000 Price: $3,000,000 ($6,378/acre) Deer Meadows I & II - Cold Lake,
Andrew Simpson
DIR +1 780 969 3037 mark.swaenepoel@colliers.com
Fort Saskatchewan, AB Turnkey opportunity. Limited service. 92 room. Modern amenities. Beaverlodge, AB Asking $11,800,000 60 rooms. Gross revenue of $4.15 million. Listed at $5,500,000
Fully serviced; 1.5 acres & up; $375,000 per acre
Cold Lake, AB
EDGEWORTH RESIDENTIAL DEVELOPMENT LAND PORTFOLIO
NE-20-55-19-W4, Lamont, AB
Hotel Opportunities PARK AVENUE INN
COLD LAKE DEVELOPMENT LAND
LAMONT DEVELOPMENT LAND
4714 - 50 Street, Ponoka, AB 2,512 SF freestanding building, strong Covenant Tenant, Average Rental income - $69,500 Price: $868,750
www.edmontonapartmentbuildings.ca
Amit Grover
Investment Opportunities
Edmonton, AB Higher quality hotel, significant food and beverage. Asking $9,400,000
DIR +1 780 969 3001 andrew.simpson@colliers.com
Land Opportunities 184 STREET DEVELOPMENT LANDS
ATHABASCA LANDS
Mike Keating
Matthew Best
55 & 34 Street, Athabasca, AB 10504 - 184 St., Edmonton, AB 25 acre, commercial lands 7.14 acre, high exposure development site. C3 development site. Major retailers (Commercial) and UR (Urban nearby. Development site near Reserve) Zoning. Exposure to Stony Plain Road. Highway 55 and gateway to Fort McMurray. DIR +1 780 969 3028 mike.keating@colliers.com
DIR +1 780 969 3036 matthew.best@colliers.com
Fort McMurray Opportunities FISHER POWERLINE
Fort McMurray, AB 230 Taiga Nova Crescent. For lease. 4,575 SF bay with ample parking
KUUSAMO DEVELOPMENTS Fort McMurray, AB
•
400 MacKenzie Boulevard
•
For sale and lease options available
•
Excellent location
•
1,584 SF - 29,040 SF available
•
Assigned Parking
OFFICE UNITS FOR LEASE
Fort McMurray, AB New buildings currently under construction. Occupancy late 2012.
MACKENZIE INDUSTRIAL PARK
185 TAIGA NOVA CRESCENT FOR PROPERTY SOLUTIONS
Fort McMurray, AB 3,750 SF shop for lease. Available immediately
Fort McMurray, AB
KUUSAMO DEVELOPMENTS Fort McMurray, AB
•
405 Taiga Nova Crescent
•
Excellent location
•
10,080 SF available
•
Excellent tenants
•
35,081 SF available
•
3.19 acres
•
For sale or lease options
•
Excellent location and parking available
TWO COMMERCIAL LOTS PLUS BUILDINGS
Anzac, AB Currently operates as a restaurant with staff accommodations. Was used as a hotel in the past. Excellent recent upgrades and improvements. $1,400,000.
TWIN TOWERS ON MANNING AVENUE
Fort McMurray, AB Residential condominium project for sale. Price: $6,900,000.
RV PARK
Fort McMurray, AB 140 lot RV Park on 29.04 acres. Located near Airport Road.
280 MacLennan Crescent
Fort McMurray, AB Two buildings fully leased. Excellent income. $6,750,000. Great opportunity.
145 MACMILLAN ROAD
Fort McMurray, AB Land & building with great tenants fully leased. NOI $721,00. Excellent investment with escalation annually.
Ken Shebib, CCIM MOB
+1 780 863 7355
DIR +1 780 881 6297 ken.shebib@colliers.com
B24 Alberta RE/MAX
REAL ESTATE
www.westerninvestor.com SEPTEMBER 2012 WESTERN INVESTORW
10510 121 St., Edmonton, AB T5N 1L4
COLD LAKE OPPORTUNITIES
ROB REGAN
780-490-9324 • ar_ar@shaw.ca
www.RobReganRealEstate.com
PARKING LOTS FOR SALE INVESTOR ALERTS!!! ATTENTION DEVELOPERS AND PROSPECTIVE INVESTOR, GREAT OPPORTUNITY TO BUY ONE OF THE BEST PARCELS OF LAND IN DOWNTOWN EDMONTON. THESE LOTS ARE IN THE NEW QUARTERS DISTRICT (NEAR THE FUTURE HILTON HOTEL AND LRT STATION AND JUST FEW STEPS AWAY FROM THE COURT HOUSE).THESE LOTS ARE CURRENTLY LEASED TO ‘IMPARK’, JUST $410,000 PER LOTS AND YOU CAN START EARNING A GREAT REVENUE ON A MONTHLY BASIS. MULTIPLE LOTS AVAILABLE CURRENTLY ZONED FOR CB1&CB2 LAND USE. FOR FUTURE INFO PLEASE CALL! MLS E1017356, E1017360, E1017357, E1017544.
PONOKA, ALBERTA Looking For Industrial Land next to a Railway Spur? 8 Individual Lots For Sale 11.55 Acres ASKING: $ 1,732,500
SOLD SOLD SOLD
Located at 49th Street and 60th Avenue in the north Industrial Park within the town limits. Site is provided with all municipal services, and a railway spur connection to the main CPR line between Calgary and Edmonton. Recent rail crossing was completed by town of Ponoka. Excellent manufacturing site or stage area for Oil Sands or other Northern Industrial projects. Lots are for sale individually or as a whole parcel. Owner may sell entire parcel within the Corporation with tax loss advantage to purchaser. Lots #10-15 are 6 contiguous lots; Lots#19&20 are 2 contiguous lots
$2B Expansion at Cold Lake oilsands Take advantage of the economic spinoffs
¼ SECTION, 150 ACRES ¼ SECTION 145 ACRES
Adjacent to city of Cold Lake boundary and golf course. Zoned Country-Residential
$689,000
¼ SECTION 132.8 ACRES
Overlooking Jessie Lake. Adjacent to town of Bonnyville boundary. Future Country-Residential $795,000 or annex to Bonnyville
COMMERCIAL LOT IN COLD LAKE On Lakeshore Drive 55' x 199'
$199,000
7.2 ACRES ZONED HIGHWAY COMMERCIAL Services & Offsite levies prepaid!
$749,900
4 ADJOINING COMMERCIAL LOTS Highway exposure
Mary Yuen-Sears, Realtor
$95,000 each
Larry Melanchuk, Associate Broker
®
SUTTON GROUP - CANWEST #1, 555 Hawkwood Blvd NW, Calgary, AB T3G 3K2 Cell: 403-616-3636 • Fax: 403-592-6710 Email: mary@calgarytagteam.com • www.calgarytagteam.com
$650,000
At entrance to Cold Lake
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.
Done Deals New! Done Deals editorial feature will highlight deal flow in Western Canada.
Show the market what is moving and who is moving it. The monthly report will highlight major (basically 50K square feet or more; or land deals of $2 million or more) commercial real estate transactions that have closed within the last 30-45 days in Western Canada.
Please send us the following information: • What was sold or leased? • Who was the vendor (if possible)? • Who was the buyer/tenant? • If the name of the buyer is confidential, please tell what type of buyer (i.e., REIT, institutional, local investor, foreign investor, owner/builder) • Who was the listing agent/agency? • What was the selling price? Please forward this information directly to: Frank O’Brien, Western Investor Editor at wieditor@biv.com.
FraNk O'BrieN Editor
www.westerninvestor.com 1-800-661-6988
Alberta B25
WESTERN INVESTOR SEPTEMBER 2012 www.westerninvestor.com
Unreserved PUblic AUction
Grande Prairie, Alberta october 4, 2012 Pearson Farms – Hythe, aB · 21 Quarters of Farmland & 3 Country Side Residential Acerages 1 2
Whitham ProPerty features: Lake · $34,000 annual surface Lease revenue · 3183± Acres on Title, 2712± Acres Cultivated · These properties are well located within a 7 mile radius of the town Hythe · CR5 zoning on parcels 22, 23 & 24 · Majority of the property is perimeter fenced · Land has been in a Grain & Tame pasture rotation · Tremendous Building Sites with Great Views & Investment Opportunities Directions to ParceLs: From GranDe Prairie, aB, go 56 km (34.8 miles) West on Hwy 43, OR from BeaVerLoDGe, aB, go 14 km (8.7 miles) Northwest on Hwy 43. Horse
All quarters are adjacent to or less than 2 miles from paved roads - Hwys 2 & 59 and Sec. Hwys 672 East/West & 721 North of Hythe.
59
59
43
721
8 10
Lake
14 15 16
owneRs: Don & June Pearson: 780.356.3087 (h), dpnorth@gmail.com, ajpnorth@gmail.com Rb ContaCt: Mike Slon: 780.518.6249
22
Valhalla Lake
3 4 5 6 7 9
23
11 12 13 24
HYTHE 672
PARCEl 1 – homE QuARtER
17 18 19
Farmland Country Residential
20
672
21
43
Highway Commercial Property – 5 Miles East of Grande Prairie · 1 Parcel of Real Estate 43
43
670
1
43 RR# 51
N
Grande Prairie RR# 52
ProPerty features: · 153± title acres, Zoned RM2 · NW 11-72-05-W6 · Area Structure Plan Complete · Zoned RM-2 Rural Medium Industrial · Adjacent to Ritchie Bros. Auctioneers · Access from West side, County Rd allowance RR52 & North 43 Hwy frontage Rd.
Ritchie Bros. Auction Site 670
Rb ContaCt: Robert Thompson: 778.331.5483
Auction License #303043
* These properties will be sold on October 4, 2012 at unreserved TWP 714 public auction in Grande Prairie, AB. Every lot will be sold to the highest bidder on auction day, regardless of price.
RR# 51
REaltoR: All Peace Realty - Rick Wallan: 780.518.3313 auCtion SitE: Hwy 42 & RR51, Grande Prairie, AB · Sale Starts 8 aM
rbauction.com
B26 Alberta
www.westerninvestor.com septemBer 2012 WESTERN INVESTOR
WESTERN CANADA’S GUIDE TO COMMERCIAL REAL ESTATE, FRANCHISES AND BUSINESS OPPORTUNITIES
Marketing commercial real estate in Western Canada. In Print. On Line. OCTOBER ISSUE: AD DEADLINE SEPTEMBER 10 Report: Northern B.C. Northwest Territories Path of the pipelines Franchise News Lifestyle Properties Regional Roundups: BC: Terrace AB: Fort Saskatchewan MB: Churchill Spotlight: Cold Lake, AB
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Alberta/Saskatchewan b27
WESTERN INVESTOR september 2012 www.westerninvestor.com
Building permit values double up in Red Deer
M
ake no mistake about it: the building slowdown in Central Alberta’s principal city is over. The proof is in the numbers from the City of Red Deer. Those numbers confirm the city’s building permit values for the first half of 2012 more than doubled from the same period in 2011, skyrocketing up to $127.9 million from $62.9 million – an increase of 103.6 per cent. The numbers almost doubled in all major categories, from residential building ($36.8 million to $70.9 million) to industrial structures ($4.5 million to $9.3 million). Noted John Sennema, land and economic development manager for the city: “2012 has been an outstanding year so far, and we are confident that this trend will continue for the rest of the year.” That’s a reasonable prediction, given that 99 per cent of the residential lots in the new Garden Heights subdivision were snapped up within hours of availability when they hit the market in the spring. As well, the city is proceeding with Phase 2 of Queens Business Park ahead of schedule due to increased lot demand in the project, which sits to the west of Highway 2. Major permits approved in June included one for a $7.8 million grocery store on Clearview Market Way in the city’s northeast quadrant.
W
hile the numbers are hot in 2012 in Red Deer, growth has cooled slightly to the south in Airdrie, though what constitutes slower growth in Airdrie is still a boom almost anywhere else. Officials in the Calgary suburb confirmed new census data for their city in July, and the numbers peg the new Airdrie population at 45,711, an increase of 5.92 per cent over 2011. While that kind of growth would send heads spinning in some planning and development departments, it was actually a decline from 8.37 per cent between 2010 and 2011. “This growth rate gives us some breathing room,” said Mayor Peter Brown, adding, “Opportunities and challenges come with a steady growth rate. For example, our new fire stations and the police building were built to serve a larger future community, so a manageable growth rate is good news.” According to the census data, Airdrie added 1,097 new homes between 2011 and 2012.
Police campus to cost $122M
A
fter years of waiting, Fort Macleod residents now have a much better idea of what they can expect to see in their community two years from now. That’s a when construction crews will be putting finishing touches on the new Alberta Public Security and Law Enforcement Training Centre on the edge of their southern downtown. The design for the police training centre
We are looking for 1st or 2nd mortgage lending
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Singleand andmulti-family multi-family • • Single residential developments • Single and multi-family residential developments
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CareVest has been providing its industry leading CareVest has been providing its industry leading • Income producing properties lending services since 1994. Our integrated real lending services since 1994. Our integrated real estate services specialize in the investment, CareVest has been providing its industry leading estate services specialize in the investment, financing and syndication of real estate mortgages financing and syndication ofOur real integrated estate mortgages lending services since 1994. real throughout Western Canada and Ontario.
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Edmonton’s new office towers are leasing fast
T
he redeveloped First&Jasper office tower in Edmonton doesn’t complete until December, but all 220,000 square feet of its sleek new space has already been leased. The federal government and an engineering firm took the last offices in the GE Capital Real Estate’s LEEDrated project, reports Avison Young. The entire building leased up in five First&Jasper remodelled offices were fully leased within five months. months. The quick take-up reflects a tight market for prime office space in Alberta’s capital. Tenants looking for 30,000 square feet or more of contiguous space downtown have only eight options left, and only one offers Class AA space, namely the new EPCOR tower. The downtown office vacancy rate has fallen to 7.5 per cent, but much of the available offices are in older Class B or even C buildings, Avison Young confirms. And prices are rising. Rental rates have jumped significantly in the past year, with top-tier space now demanding up to $29 per square foot. Inducement packages, once common, are rare today in Edmonton. There is little new space in the pipeline. Avison Young notes the Kelly Ramsay building by developer John Day could complete by 2016 with a 12-storey, 280,000-square-foot office tower as part of the mixed-use package. Challenging the downtown landlords, however, are bright new suburban office campuses that offer high-level lifestyle amenities and lower lease rates than in the core. New office parks, such as Village at Blackmud Creek and Currents of Windermere, will include daycares, fitness centres, ice rinks, parkland and even canoe ponds, Avison Young notes. Still, it appears most tenants prefer the bustle of downtown: only 36,800 square feet of suburban space was leased in the first half of this year. In the same period, nearly 157,000 square feet of offices leased downtown. Photo: GE Capital Real Estate
alberta
Booming Airdrie takes breather
was revealed this summer. It is the work of a team led by Enzo Vicenzino, senior principal at Stantec Architecture Ltd., with construction by Bird-Design Construction Inc. According to the Fort Macleod Gazette, an estimated 1,350 police and peace officer recruits will be trained each year at the new facility, beginning in September 2014. The training centre will cover about 340 acres just off Highway 2 south, which was
donated to the project by the Town of Fort Macleod. Construction of the training centre is expected to cost about $95 million. The total project budget is $122 million. The design includes everything from accommodations and classrooms to a car track area where police trainees can learn pursuit techniques.u – Compiled by Dave Husdal
regina connection!
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18 Unit - Weyburn, SK $1,925,000 Panago Pizza - Regina - 15 years $450,000 12 Unit, New - Melfort, SK $1,750,000 22 Unit Motel - Bonnyville, AB $1,200,000 20 Unit Motel - Drayton Valley, AB $1,200,000 24 Unit Motel - McCreary, MB Full Service - $750,000 40 Unit Motel w/ 98 RV & 23 Mobile homes - $8,400,000 (First Time on Market - Exclusive - Over 30 yrs in family!)
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www.westerninvestor.com septemBer 2012 WESTERN INVESTOR
REGIONAL ROUNDUP Lloydminster benefits as it straddles Canada’s two fastest-growing economies
“Best of both worlds” WI STAFF
WESTERn InvESToR
W
It’s understandable. With a capitalization rate of around 10 per cent, tight vacancy rates and rents soaring, landlords are holding tight to their rental property. The rental situation may become intense this year as Husky Energy expands its operations, a new biodiesel plant gets underway and demand for oil and farm products – and the jobs they create – continues to accelerate. In its 2012 survey, Canada Mortgage and Housing Corp. found that only 2.2 per cent of Lloydminster rental apartments were vacant, down from 3.6 per cent a year earlier. Average rent for a two-bedroom apartment is now $915, up from $885 in 2011 and the third highest in Saskatchewan. Lloydminster’s young population – nearly half of the residents are under the age of 30 – and strong job growth adds to a rental shortage. It has spurred investors and employers to purchase homes and rent them out. Recently, a single supplier to the oil industry bought up 10 condos on the Saskatchewan side of this border town to ensure housing for new hires. The new three-bedroom townhome-style units sold for around $250,000 each and will likely rent for at least $1,700 a month, according to Fred Falkner, a partner in Century 21
Saskatchewan
Photo: Husky Energy
hen a deep-pocketed Edmonton landlord recently rolled into Lloydminster looking to buy apartment buildings, there was simply no one who would sell.
Husky Energy has opened a 105,000-square-foot, three-storey office building for 375 staff in Lloydminster. The city has no business tax and no provincial sales taxes.
Real Estate. According to Falkner, realtors are now seeing multiple offers on well-priced property. So far this year, sales through MLS are up about 11 per cent from a year earlier. Even the record-setting construction of new homes has been challenged to keep up with population growth in Lloydminster, which has soared by 32 per cent in the past decade to around 27,000. When a gated subdivision of 73 lots came to the market this year, two local home builders snapped up 25 of them within two days. Yet, a search of the local MLS listings finds that investors can find older detached houses for under $200,000 and condominiums in the $169,000 range, with the leastexpensive homes on the Saskatchewan side of the border.
that seems to tap the best aspects of both provinces. Traditionally, more city residents – about 60 per cent – live on the Alberta side of the border, but this may be changing, especially for younger people. The Saskatchewan side offers lower automobile insurance for young drivers and lower house prices than the Alberta side. In the past five years, the population rose 20.4 per cent on the Saskatchewan side, compared to 13.3 per cent on the Alberta side. Lloydminster has no business tax, and the city is also exempt from the Saskatchewan provincial sales tax, since Alberta has no sales tax. Both sides of Lloydminster are experiencing a development boom. Last year construction values hit a record of $180.4 million, a 38 per cent increase from a year earlier. In just three years, the city has seen a near-75 per cent increase in construction permits, perhaps unique in Canada.
Saskatchewan borderline doesn’t hurt. “It is the best of both worlds,” said Falkner, noting that the two provinces are leading the entire country in economic growth. For example, according to Statistics Canada, average weekly earnings in Saskatchewan jumped 5.4 per cent this year – the second-highest in the Husky expansion country – to $897.50. Saskatchewan has had Key development news this year includes average weekly earnings above the national the opening of the new 105,000-square-foot average every month since August 2011. heavy oil headquarters and data centre by Calgary-based Husky Energy, the city’s largOne city est employer. Saskatchewan is also the world’s largest Husky holds about two million acres of producer of potash and produces 10 per land in Lloydminster area and operates a cent of the world’s wheat. This year, the heavy oil refinery a heavy oil upgrader and province is seeing record prices for its two thermal projects and employs more than 900 people. resources. Wheat values are soaring, for The new Husky Place is designed to house instance, because of drought-like conditions about 375 workers. in the U.S. “Husky Place is a symbol of the long-term Alberta, of course, is Canada’s leading Bordering a boom economic engine and is drawing young job investments we’ve made in this region and While there are many reasons for seekers from across Canada. reflects continued execution of our business Lloydminster’s economic success, its geoLloydminster is incorporated as a single plan,” said CEo Asim Ghosh during the graphical location right on the Alberta- city with a single municipal administration Please see Industrial page B29
Saskatchewan b29
WESTERN INVESTOR september 2012 www.westerninvestor.com
grand opening this summer.
ALBERTA
New biodiesel plant
SASK
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This year will also see the ongoing construction of 275-million-litre (70-million-gallon) biodiesel plant in Lloydminster, which is expected to complete next year. Archer Daniels Midland Co. plant will be located right next to the company’s existing canolacrushing facility. Since July 1, 2011, all diesel fuel and heating oil sold in Canada must contain at least 2 per cent biodiesel, which should assure steady demand for Archer Daniels Midland’s new operation. ADM has also built five new storage silos as part of a doubling of its canola seed facilities at Lloydminster. Such investments have increased interest in industrial land in Lloydminster, where the city is also a land developer. Through its infrastructure services land sales, the city is offering Hill Industrial, a 480-acre industrial park with serviced industrial lots. The park is planned as the major industrial hub in the city. Serviced industrial land in Lloydminster sells for an average of $200,000 per acre,
(To Edmonton)
Vermillion
Marshall
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LLoydMinSTER
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Waseca 17
Wainwright
S A S K AT O O N APARTMENTS
BUSINESS OPPORTUNITY MELVILLE, SASK.
Quick facts
INDUSTRIAL from B28
14
40
Marsden
Lloydminster, AB/SK Population 27,840 Area population 165,000 Population growth since 2002 32.5% Average house price $400,000 Median household income $107,000 Average lease rate, office $11 per sq. ft. Average lease rate, retail $25 per sq. ft.
according to the city’s economic development office. Just west of Lloydminster, the 130acre Wobester Industrial development site is listed as a single package by Colliers International, for $3 million.u
SaSkatchewan
•Historical Building •Prime downtown location • Approx 13,250 sq ft in total on 2 levels • Tenants occupy 50% of the space • Approx 4,000 sq ft of space open for development
DEL PETERS REALTY 306.934.3151
www.delpetersrealty.com
Realty Executives MJ
Asking $2,500,000 MLS® Located on 51.84 acres north east of Prince Albert, this well established third generation treenursery presents an incredible business opportunity. Landscaping business boasts a very strong EBITDA. Price includes all: land, greenhouses, buildings, improvements, irrigation equipment, mechanical equipment, inventory, growing supplies, and business contracts. http://TreeNursery.FarmsofCanada.com
25% doWn BalanCe mortgage (oaC)
Call today for your opportunity FOR sale
FOR sale/lease
Call
BRENDA MCLASH 1-306-630-5700
grain land investment opportunities
accelerating success.
WA N T E D !
IroquoIs Lake Lots
$149,900
MLS® 430501
7 Lake Front Lots New for Development Island View Resort. 3 Not Lake Front Lots. Listings start at $44,900 up to $149,900 $899,000
sterLIng Land MLS® 417758 RE/MAX Saskatoon
ed Bobiash
1415 OntaRIO aVe • 10,000 to 40,000 SF main
warehouse with 7,320 SF 2nd floor office • Ample on-site parking
101 canOLa aVe - nORth BattLeFORD
• Built-up tar and gravel roof • One (1) overhead door and
ramp on east side of building
• List Price: $5,950,000.00 • Net Lease Rate: $8.50/SF As Is*
• 41,380 SF building • 5.94-acre site • Ideal for manufacturing and
• Excellent room for expansion
• List Price: $1,200,000.00
MLS®
distribution
MLS®
or site storage
• Dock-grade overhead doors • 2nd floor office area
*
FOR sale
SaSkatOOn eaSt (2) 160-acRe
1212 12th St - hUMBOLDt
East
• South quarter three (3) miles east & adjacent to 8th Street East • List Price: $1,100,000.00 (north 1/4)
$1,200,000.00 (south 1/4)
• 17.65-acres of land • Located in the north-end of • Close proximity to golf course, Humboldt at intersection of
new 42-bed hospital and two (2) elementary schools • List Price: $3,700,000.00
Main Street and 12th Avenue MLS®
Good Grain Land just North of Highway 40 West of Blaine Lake. 445 Acres in the RM of Redberry #435.
RM OF LUMSDEN • Approximately 139 acres of highly visible land located on Highway #11 at the top of Lumsden valley, 15 minutes northwest of Regina • Potential for commercial development fronting highway and residential lots overlooking valley • Land would be ideal for golf course development • Property photos can be viewed at www.avisonyoung.com For more information contact:
Don Reddick dreddick@ay-sk.com
MLS®
Ken suchan* / 306 221 1825 / ken.suchan@colliers.com Ken Suchan is a Licensed Broker with Ken Suchan Realty Inc. and has a contractual relationship with Colliers McClocklin Real Estate Corp.
*
Ken suchan* / 306 221 1825 / ken.suchan@colliers.com *
Ken Suchan is a Licensed Broker with Ken Suchan Realty Inc. and has a contractual relationship with Colliers McClocklin Real Estate Corp.
Colliers McClocklin Real estate Corp. / 306 664 4433 / www.colliers.com/saskatoon CIR Commercial Realty Inc. / 306 789 8300 / www.colliers.com/regina
industrial condos 3919 Brodsky avenue, saskatoon, sK 2,631 sq. ft. - 4,107 sq. ft. units Building Size: 16,105 sq.ft. Listing Price: $175 PSF contact: Barry stuart & Kelly Macsymic
investMent opportunity 702 14th street. saskatoon, sK Commercial property in prime residential area New 10 year lease Average net income: $57,000/year Sale Price: $825,000 contact: todd Butler
ICR Commercial Real Estate icrcommercial.com
$459,900
LAND FOR SALE
Kevin Clackson (Mariner Management Ltd.) has a contractual relationship with Colliers McClocklin Real Estate Corp.
FOR sale
WIntonyk graIn Land MLS® 436985
Farm & Acreages Specialist - Call for info 306-222-7770
Kevin Clackson* / 306 221 0692 / kevin.clackson@colliers.com
Glen Paziuk / 306 241 8884 / glen.paziuk@colliers.com
• Two (2) 160-acre lots • North quarter two (2) miles east & half a mile north of 8th Street
Farm & Acreage Specialist 306-222-7770 • ed@ebteam.ca www.saskland4sale.com
Excellent potential for development only 5 kms East of Saskatoon. 70+/- acres.
Intelligent Real Estate Solutions
investMent opportunity 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
Downtown office: 306.664.6116
306-359-9799
for sale - great location 2174 airport drive, saskatoon, sK Building Size: 28,663 sq. ft. Land Size: 1.33 acres Sale Price: $4,500,000.00 contact: Jim Wotiuk
North office: 306.933.2929 Regina office: 306.721.6116
“Saskatchewan’s largest commercial real estate company”
B30 Manitoba
Manitoba
Victoria’s Secret out in Winnipeg
T
Photo: Victoria Secret
he world’s most famous lingerie retailer is preparing to open an 8,500-square-foot store at Polo Park Shopping Centre on December 1, just in time for the Christmas rush. “Men love [Victoria’s Deborah Green, Secret] too.” general manager of Winnipeg’s largest mall, said customers have been clamouring for Victoria’s Secret for many years. The brand is well known in Winnipeg because many shoppers have visited its location in Grand Forks. “It’s a store for women but men will love it, too,” she said. Any husbands or boyfriends who are nervous about shopping there needn’t worry. Founder Roy Raymond, who was inspired after feeling embarrassed buying lingerie for his wife in a department store in the 1970s, designed the store’s comfortable environment.
Landmark eatery closes downtown
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innipeg’s long-standing king of the triple-decker sandwich, the Wagon Wheel Lunch restaurant, has closed down after a 61-year run downtown. It’s not that its customer base was waning
but its owner, Franny Gomez, was unable to find a new home that would be suitable – and profitable – after her lease ran out in the Norlyn Building on Hargrave Street. The four-storey building is one of many slated for demolition as Winnipeg’s ambitious SHED (sports, hospitality and entertainment district), a more than $600 million project designed to revitalize the downtown, starts to take shape. On the old Wagon Wheel site will soon rise a $75 million hotel, office, residential and parkade complex. CentreVenture, Winnipeg’s downtown redevelopment agency, did its best to help the Wagon Wheel relocate, but to no avail.
Airport’s old terminal torn down
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he old terminal building at the James Richardson International Airport will soon be a parking lot. Rendered obsolete when the new $585 million state-of-the-art terminal building opened last October, the old one has been slowly “deconstructed” over the past couple of months. The site will serve as a parking pad for aircraft until the Winnipeg Airports Authority can find a better use. One project has already been confirmed. A new 105,000-square-foot home for the Western Canada Aviation Museum is set to break ground in 2015 in time for a 2017 grand opening. Shirley Render, executive director of the aviation museum, said the extra exposure from being beside the new terminal building should result in a significant spike in annual visitors, which was about 35,000 last year. “This is a once-in-a-lifetime opportunity for us to be extremely visible. Anybody going to the airport will have to drive right by our front door,” she said.
FABULOUS FARM !! MacGreGor, MB $359,900
Ikea job calls net 3,000 applicants for 350 positions
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innipeggers aren’t just excited about shopping at Ikea, they’re also pumped to work there. The iconic Swedish furniture-maker’s nearly 400,000-square-foot location is nearing completion – it’s on schedule to have its ribboncutting ceremony in late November or early December – and it has been inundated with people looking for work. In the month following the announcement that it was planning Ikea plans to hire up to 350 staff. to hire up to 350 “co-workers,” Ikea received more than 3,000 online applications for everything from working on the shop floor and behind the cashier, to IT, design and restaurant staff. Stephen Bobko, the manager of the Winnipeg store, said he has begun the process of hiring his management team. Conducting interviews, he noted, is considerably more difficult when your workplace is under construction. “I don’t have an office for people to come to so we have to find a mutually agreeable restaurant or other place to meet in town,” he said. Bobko said he expects the store will draw customers from neighbouring provinces and states upon its opening. Tourism Winnipeg agrees and says that should be a boon to local restaurants, hotels, gas stations and the province’s tax coffers. Its forecasts call for visits to Winnipeg to increase by 6.3 per cent next year, driven by a combination of Ikea and the opening of the Journey to Churchill exhibit at the zoo. Visits are expected to jump by a further 6.5 per cent in 2014, the year in which the Canadian Museum for Human Rights is to open its doors. Photo: Ikea
W h at ’ s h a p p e n I n g I n
www.westerninvestor.com septemBer 2012 WESTERN INVESTOR
Homeless given $40K handout
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innipeg’s homeless and hungry have received a much-needed boost to get them through to the fall. The local office of ScotiaMcLeod, the brokerage arm of Scotiabank, has donated $40,000 to Winnipeg Harvest. “It’s a huge gift,” said David Northcott, Harvest’s executive director, who noted the donation is timely. The summer months are typically the
leanest at the Winnipeg food bank. Harvest is able to leverage every dollar donated into $20 worth of food, Northcott said. According to its latest figures, Harvest feeds 54,000 people per month, up nearly 19 per cent from a year ago. Corey Johnson, branch manager at ScotiaMcLeod, said the decision to lend a hand to Harvest was made after consulting with his 11 advisers. “We all felt it was a very worthy cause. We wanted to keep it local and have an impact on the local community,” he said.u – Compiled by Geoff Kirbyson
Brandon, MB: Reputable & established 74 seat licensed Family Restaurant, separate lounge (can seat 28 diners), full Kitchen with all equipment, freehold property incl. Wanting to retire, the present owners have operated a successful business for the past 18 years, good visible Main Street location in the thriving city of Brandon.
Rivers, MB. - Modernized 2572 sq ft Commercial building formerly used as a
52 person Café & Catering business in the expanding town of Rivers, full kitchen (all restaurant & kitchen equipment - optional extra). Private functions, parties, etc. can seat up to 80 people. Rivers is located 20 minutes NW of Brandon.
Located along the MB. / SK. border west of Russell MB. 3703 acres of Newdale soil in a nice block. Land has been largely seeded to grass & is ripe for crop production. Great area for grains & oilseeds with crushing plant 2 miles away. Includes an older home in a nice level yard site with sheds & grain storage. Priced right, quick possession possible.
Please call:
Fresh Air & Countless Opportunities... In this converted church - 3800+ sq. ft. per floor, 5 bedroom, 3 bathroom home on a 151' x 180' lot. Updates include huge modern white kitchen w stainless steel appliances, steel roof, electrical, furnace, windows... Heated double garage. Huge lot with numerous fruit trees... MacGregor, located 25 min. West of Portage la Prairie on Hwy #1, offers grocery & hardware stores, library, K-12 schools, restaurant, golf course...
GRANT TWEED
LeOnA GiesbreCht
grant@granttweed.com www.granttweed.com
RE/MAX Executives Realty
204-761-6884
Call MAURICE TORR 204-729-6644 Century 21 Westman.com, Brandon, MB
B R A N D O N , M A N I TO B A HOTEL: OWNER RETIRING, SALES $1.75 MILLION, EXCELLENT BUILDING, STEADY CLIENTELE, PRICE $1,250,000 HOTEL: FAMILY RUN, WITH LIVING QUARTERS, CLOSE TO WINNIPEG. PRICE $299,000 GROCERY: LARGE VOLUME SALES, OIL COUNTRY, GOOD EQUIPMENT, GOOD PROFIT MARGIN TO BE MADE. PRICE $999,000 MOTEL: 28 ROOM, TRANSCANADA HIGHWAY, RESTAURANT LEASED OUT, SALES STEADY AT APROX 300,000 PER YEAR INVESTMENT: 69 SUITES, BUNGALOW STYLE WITH GARAGE, 55 PLUS CLIENTELE, LARGE MORTGAGE IN PLACE. PRICE $6,600,000
“WE HAVE RESTAURANTS, GAS STATIONS, GROCERY STORES, INVESTMENT PROPERTIES, FOR SALE AND IF WE DO NOT HAVE IT WE WILL FIND IT.”
204-792-2055
Century-21 Westman.com Brandon, MB
Direct Line: 204-729-5074
Email:
mmelnyk@mts.net
Franchises B31
WESTERN INVESTOR septemBer 2012 www.westerninvestor.com
Smoke’s Poutinerie expands to Vancouver
Baskin-Robbins plans expansion
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askin-Robbins has announced plans to push western expansion of its iconic confectionary franchise in Vancouver, Calgary and Edmonton, according to Bob Tipple, director and general manager for Baskin-Robbins Canada. Tipple said the brand is looking for “entrepreneurs with a strong financial background and a passion for their local communities.” Baskin-Robbins is also launching its outlet redesign across new and existing locations in Canada. Already unveiled in Ontario, the new design will be launched at 10 to 15 locations in 2012. Baskin-Robbins franchisees must prove a net worth of $300,000 with minimum liquid assets of $125,000, per location. A franchise costs between $147,000 to $527,000, with a franchise fee of $30,000 and royalties of 5.9 per cent.
through franchise agreements. Unlike Blenz Coffee, which opened 20 locations in cities across China in the early 2000s before beating a hasty retreat, White Spot’s strategy is to target a single Chinese province – Zhejiang near Shanghai – and grow from there. “China is vast,” stressed former Blenz Coffee president George Moen. “Companies franchising in China should give the partner a test market to prove themselves. That way, if the partnership goes sideways, you don’t block yourself from seeking other potential lucrative partnerships in other parts of the country.” He added. “China is still the wild west when it comes to franchising. Franchising only became a legal business model a couple of years prior to us going in.” – Glen Korstrom/BIV
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ancouver poutine lovers will soon have another establishment to satisfy their cravings. Smoke’s Poutinerie is opening two of its three announced franchise locations on Robson Street and Granville Street this month (September). It also has plans to open in Vancouver’s West End and the Downtown East Side. The franchise has been experiencing steady growth in Ontario and Quebec, Ryan Smolkin, owner of Smoke’s recently opening two locations in Quebec Poutinerie, cheers on contestants in a and announcing four new locations in poutine eating contest. Toronto. The franchise’s owner, Ryan Smolkin, has frequently attended franchise shows in Vancouver and was impresssed with the city’s eclectic street food. The modern twist on traditional food that the franchise has taken with its unique toppings and variations of poutine was partially inspired by a Vancouver food truck-turned -restaurant, Japadog. The Japanese-hot dog fusion has been well received, obtaining an almost cult-like following – convincing the food-truck owners to open a brick-and-mortar location on Robson street. Smoke’s Poutinerie has taken the traditional poutine of fries, curd and gravy, and added different toppings including pulled pork, nacho veggie and chicken curry. A custom menu allows customers to choose from over 20 poutine menu items for custom creations. Smoke’s Poutinerie franchise costs vary from location to location, but start with a minimum investment of $150,000 and a franchise fee of $30,000. Royalties are at 6 per cent, plus advertising fees of 2 per cent. Photo: International Poutine Eating Championship
News, views and updates on Canada’s franchise industry
Famous Dave’s links with natives Mucho Burrito targets Oman China “wild west” U for franchises C
B
.C.-based White Spot Restaurants opened its first Triple O’s location in Mainland China July 28 and plans to open another 15 restaurants in the country within the next four years. The move is part of the rapid expansion of the company’s Triple O’s brand in Asia
.S.-based Famous Dave’s has inked a deal with a Canadian franchisee, Tribal Council Investment Group of Manitoba Ltd. (TCIG) for a new store opening in Winnipeg. Seven First Nations tribal councils of Manitoba own TCIG. Famous Dave’s owns 53 locations and has franchised 133 additional units in 35 U.S. states. Franchisees are required to have a minimum liquid net worth of $500,000. Costs of developing a location are between $630,000 and $4 million.
tion for Mississauga-based Mucho Burrito. Cunningham said the company’s first restaurant is in a new mall in the Sultanate of Oman, which, upon completion, will be the biggest mall in the country. “We are proud to be partnering with anadian franchise chain Mucho Mucho Burrito,” said Aadham Bin Tariq Burrito is bringing a new wave of Mexican options to the Muscat Grand Mall Bin Taimur Al-Said, chairman of the Double Crown Group. in Muscat, Oman. The franchise entered Locally, Mucho Burrito franchises cost into a master franchisee agreement with the Double Crown Group. It plans to have from $217,000 to just over $550,000 with six restaurants up and running in the next an initial franchise fee for the first restau10 years, said Mark Cunningham, execu- rant of $20,000.u tive vice-president of international opera– Compiled by Kevan O’Brien
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B32
www.westerninvestor.com september 2012 WESTERN INVESTOR
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