Featuring: Commercial•Industrial•Franchise+Business Opportunities
FREE
July 18–August 15, 2020 Volume 20 | Issue 8
Full Coverage Area Including: London • Kitchener • Niagara Falls • Hamilton • Toronto • Ottawa LARGE AND SMALL APARTMENT BUILDINGS WANTED D TE AN W
Towneplace Suites By Marriott 30 FEN RIDGE COURT, BRANTFORD, ON N3V 1G2
D E T N WA
W AN TE D
SOLD BY WINCORP REALTY INC. • Large and Small Apartment Buildings anywhere in Ontario • Have many CASH Buyers ready to invest NOW • Specializing in multi-residential sales for over 40 years • References supplied • Confidentiality guaranteed CONTACT:
www.collardproperties.ca/seminars
WINSTON DAVIES, BROKER OF RECORD WINCORP REALTY INC. REAL ESTATE BROKERAGE GUELPH, ON TEL: 519-836-2080 EMAIL: wjmdavies@rogers.com
5100 South Service roaD, unit 7 Burlington near appleBy line / QeW
www.REHAW.com
www.RealEstateHavesAndWants.com
Very clean office/industrial unit. 22 feet clear, 1 drive-in door. Available immediately contact:
William DeJong (289) 291-5068 Jacob Bates (289) 259-6249
416-214-4875
INDUSTRIAL COMMERCIAL INVESTMENT RESIDENTIAL BUSINESSES
SOLDS 0-$50M+
REGISTER TODAY
JACOB CAMPAGNARO
Sales Representative
905.599.3460 jacob@reccanada.com
THE REAL ESTATE CENTRE
FOR SALE
124.0ft
ft
114.5ft
139.1ft
197.5ft
105.6ft
106.3ft
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113.8ft
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184.8ft
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211.7ft
256.8ft
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3 275.3ft
2
202.0ft
1 210.1ft
WILSON DR .
126.6
114.2ft
120.1ft
FOR SALE
GEORGIAN BAY
GEORGIAN BAY
269.5ft
FOR SALE
105.0ft
112.2ft
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21
112.6ft
103.9ft
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107.7ft
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GALLOWAY RO AD
BLUFFS BAY ROAD
112.5ft
t
5.0f
12
51 FRONT STREET WEST STRATHROY, ON • Approx. 3,700 SqFT of space over 3 levels 1,780 sq ft of main floor commercial space 1,600 sq ft outdoor stone patio • Size Area: 26 ft x 158 ft • Zoning: C1 • 2nd & 3rd floor residential – 3 bedroom apartment • Building upgrades: newer windows, gas water heater system, electrical, roof, air conditioning, patio, and more
$450,000
O N E A C R E WAT E R F R O N T & WAT E R V I E W L O T S
WATERFRONT &from WATERVIEW LOTS Priced the low $400k’s GEORGIAN BAY, WIARTON ON THE MI DDLE
ROAD
(GREY
COUNT
• REC Commercial is proud to offer for sale a collection Y RD. 26)
of 22 Waterfront and Waterview, fully serviced building lots of approximately one acre in size, ready for your dream home or vacation rental or cottage. • Visit BluffsBay.ca for more information.
• 20 unit multi-residential building • Estimated net operating Income - $142,083 • Features an additional two commercial retail units • Minutes to downtown Chatham, and surrounded by a host of amenities • 20.2% higher than the average municipal growth • Approximately 80 dedicated parking spaces • Recent upgrades including new windows, doors, roof and high efficiency thermostats • Can be sold as a portfolio with 54 Timmins Crescent
Starting from the low $400,000’s
FOR SALE
FOR SALE
220-222 ST. CLAIR STREET CHATHAM, ON
$2,550,000
FOR SALE
ESTABLISHED TURN-KEY SALON IN THE HEART OF YORKVILLE
2640 RUTHERFORD ROAD CONCORD, ON
179-193 PATTERSON ROAD BARRIE, ON
• Operating for over 20 years and counting • New lighting, flooring, plumbing, paint, signage • Fully active redesigned Website, Instagram, Twitter & Facebook • Rent is currently $7,175.00 monthly Plus TMI. • Includes over $20,000 in stock/inventory etc. • Recently negotiated new lease until 2025, with an option to extend for an additional five years
• 15,985 +/- SqFT two storey medical office building • 4-year-old asset with no significant capital improvement expected in the immediate future • 100% occupied by eight strong medical tenants • Situated at the intersection of Melville Ave. and Rutherford Rd., between Jane St. and Keele St. • Average remaining lease term is 5.5 years • Tenants receiving a base rate increase in October 2020 • Located within 3km of the New Mackenzie Vaughan Hospital • Zoning - Commercial C5
• 8 Luxury Semi-Detached Duplexes • Can be sold separately or as a portfolio • VTB available • Less than a minute drive to highway 400 • Easy access to essential shopping, schools and parks • Each unit shares a 4 car driveway • Construction completed fourth quarter 2019 • Units are leased by AAA tenants • Estimated year one ROI - 26.7%
$259,000
$13,000,000
Contact For Pricing
Visit recanada.com for more information 201–8 Sampson Mews, Toronto, ON, M3C 0H5 416.979.0333 Not intended to solicit those already under contract with another REALTOR®
2
UNITS AVAILABLE: • Pad 1: Leased to Browns Social Group • Pad 2: 6,600 sq. ft. at $40.00/sq. ft. (Drive-thru) • Inline: Up to 9,505 sq. ft. at $25.00/sq. ft.
3
COMMERCIAL OPPORTUNITIES SOUTHWESTERN ONTARIO
LIGHT INDUSTRIAL/OFFICE
INDUSTRIAL
INDUSTRIAL
OFFICE/INDUSTRIAL
14 Belleisle Ct, London, ON
1800 17th Street East, Owen Sound, ON
69323 Richmond St, Centralia, ON
230 York Street, Strathroy-Caradoc, ON
• Building Area: 12,000 SF (Est.) • Site Area: 2.328 Acres • Approx. 2,000 SF (Office) + 10,000 SF (Industrial/ Warehouse with mezzanine) • Taxes: $34,147.56 (2019) • Zoning: LI1 • Parking: 30 spaces on-site • Currently tenanted • Current NOI: Approx. $66,000/yr. • Potential to build an identical building beside the existing one which is site plan approved and ready for permit issuance
• Building Area: 300,000 SF (Est.) • Site Area: 31.7 Acres (Est.) • Zoning: M2 Heavy Industrial permits a wide range of industrial uses • Taxes: $280,075.41 • Loading Docks: 8 • Grade Doors: 3 • Power Supply: » 44 kv incoming service 3 XFMRs » 1 @ 2.5 MVA each » 480V, 1 @ 6 MVA » 4,160V • Clear Height: Approx. 23’-37’ • Parking: 500 on-site (Est.)
• Building Area: Approx. 330,000 SF • Site Area: 45.034 Acres • Zoning: Light Industrial(M1) • Taxes: $70,968 (2019) • Truck Level Doors: 14 • Grade Doors: 6 • Power Supply: » 600 Volts » 3,000 Amps • Clear Height: 22’2” - 15’10” • Impeccably maintained industrial facility with: » 17,500 SF office space » Three 10,000 SF pole barns » External maintenance shop
• Prime free standing building • Building Area: Approx. 3,800 SF » 1,000 SF of front office area » 2,800 SF industrial/ warehouse area • Site Area: Approx. 0.58 Acres • Zoning: M2-3 • Loading: Two newer drive in grade loading doors • Ceiling Height: Approx. 16’ in the warehouse/industrial area • Power: 600 Volts • Parking: Approx. 25 on-site spaces • Taxes: 5,374.10 (2019) • Storage area at the rear
Brent Rudell*** 519.438.5608
Andrew Johnson* 519.438.8639
Asking: $1,499,000
Asking: $7,200,000
Asking: $16,000,000
Jameson Lake* 519.438.8548
Asking: $649,000
Tyler Desjardine* 519.438.5403
brent.rudell@cushwakeswo.com
andrew.johnson@cushwakeswo.com
jameson.lake@cushwakeswo.com
tyler.desjardine@cushwakeswo.com
RETAIL INVESTMENT
OFFICE/INDUSTRIAL
INVESTMENT OPPORTUNITY
COMMERCIAL /RESIDENTIAL
655 Sydney Ave, Windsor, ON
1830 Huron Church Rd, Windsor, ON
457 Campbell St, Sarnia, ON
375-379 Horton St E, London, ON
Rentable Area: 110,652 SF Site Area: 12.1 Acres Zoning: CD 4.1 Parking: Approx. 493 on-site surface parking spaces Leasable areas are 96.9% occupied as of March 2020 Desirable high traffic location Notable tenants include Marshall’s, JYSK, Dollar Tree and Party City Remaining lease term for all tenants approximately 5.03 yrs. Contact Listing Agent for offering guidelines
• Total Site Area: Approx. 0.837 acres • Current Building Area: Approx. 2,588 SF » Free standing » National Tenant - KFC Restaurant » With drive through • Zoning: CD3.3 • Property Tax: $29,294.83 (2019) • Further Development: Potential to build another free-standing building of Approx. 3,200 SF • General Lease Summary: Triple Net Lease with Corporate Covenant - Initial 10 year Lease term
• Offered at 6.5% Cap Rate • Current rent is below market -good upside potential • Building Area: Approx. 18,000 SF • Site Area: 1.259 Acres • Zoning: LI • Free-span Building • Clear Height: Approx. 12’ • Fully leased to long-term tenant • Approx. 4 years left on the current lease term • 2 year old standing-seam metal roof • Newer heating and newer insulated overhead doors
• Building Area: Approx. 4,000 SF • Site Area: Approx. 0.254 Acres • Three Tenants total: 2 Commercial, 1 Residential • Excellent Owner/User or Investment Opportunity • Zoning: R8-4 and AC4 • Parking: Approx. 14 on-site • Net Operating Income: Approx. $42,463 (2019) • Taxes: $10,109.42 (2019) • Current Gross Income: Approx. $57,741.72/yr. • Located on Horton Street, just East of Wellington Street
Tyler Desjardine* 519.438.5403
Tyler Desjardine* 519.438.5403
Kenn Poore** 519.384.8528
Tyler Desjardine* 519.438.5403
• • • • • • • • •
Asking: $25,000,000
tyler.desjardine@cushwakeswo.com
Asking: $2,888,000
tyler.desjardine@cushwakeswo.com
Asking: $1,429,000
kenn.poore@cushwakeswo.com
Asking: $969,900
tyler.desjardine@cushwakeswo.com
519.438.5588 www.cushwakeswo.com *Sales Representative **Broker ***Broker of Record 620A Richmond St, 2nd Floor, London, Ontario N6A 5J9 ©2020 Cushman & Wakefield Southwestern Ontario, Real Estate Brokerage, Independently Owned and Operated. A Member of the Cushman & Wakefield Alliance. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance. All rights reserved.
4
SkyViews
Your Price for ‘Upside’ Finding Value in the Grey Areas By Cliff Ford, Skyview Realty
With the ever-increasing demand for multi-unit residential properties amongst investors, a trend has been emerging over the last number of years. Many properties, and certainly buildings with 30+ units, are seeing multiple offers as part of an open bid submission process. If you aren’t familiar with the bid submission process, it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide all due diligence documents in advance of the offer deadline to allow buyers to determine what they are willing to offer on any given property. Sellers love this process as it can generally lead to multiple offers and can create a bidding war that drives up their end price. Buyers dislike this process, however, because they prefer to have some guidance on pricing going into the offer stage. As a brokerage, we are caught in the middle of wanting to deliver great results for our Seller and satisfying our buyer clients’ demands for more investment properties. What we have been noticing with these open bid properties is that ‘upside’ becomes a very common discussion point. The value a buyer places on the upside in a building can often become the factor that makes their offer stand out among the rest, at least as it relates to purchase price. When considering what the upside is on a property, its more than just rental rate upside, especially considering the lower vacancy rates seen in the Ontario market nowadays. Beyond the upside of what you could rent turned-over units for, investors are looking at upside in the utility consumptions by implementing programs to replace lighting with LED bulbs, installing Low-flow toilets in every unit, and investing in higher efficiency heating equipment. Upside can also be found in converting excess space in a building to either additional units, commercial space, or amenities that could draw in greater tenant rents. Sometimes even the location of the property itself
can have a form of upside for a particular buyer, in that they may own a building nearby and could create valued upside in the sharing of mutual expenses between each property. Whatever the upside factors may be on any particular property, when going into a purchase process, understanding what YOUR value is on the upside will give you a leg up when bidding against other buyers. It appears that, at least for the time being, the sale price of the property is no longer determined just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course if every seller had their way, the Buyer would be paying for 100% of the upside in their purchase price but realistic sellers also know that they need to leave something on the table for a buyer. As a buyer, you need to know what the upside is and how much you are willing to pay for that upside. It is a business decision that only you can determine based on your operations. To be fair when discussing bid submission processes, it should be stated that price may not always be the only factor when a seller chooses one offer to work with over another, but it is likely the most significant factor. As an example, buyers are becoming more and more organized in their purchasing processes in order to streamline their conditional periods and closing dates, as this can also help to achieve a sign back from a Seller when multiple offers are on the table. Especially if all offering prices are neck and neck, the terms of the offer becomes an important factor for a seller. You may not be a fan of the open bid submission process, but it appears as if this new trend will be sticking around. By doing proper due diligence upfront, good research on the property’s market, and determining the price you want to pay for the upside, you can still achieve great acquisitions in this tight and highly sought after investment class.
5
Toronto Apartment
• 31 Suites College and Dufferin • Large suites one and two bedrooms – 1920’s vintage • Almost $1MM spent – 12 suites renovated – still huge upside Exclusive Listing • Principles ONLY
Hamilton Multi Family
• 37 towns and 32 parking spaces in 46 unit CONDO complex • Stoney Creek boarder / priced below retail condo value • 33 units renovated-fully occupied-below market rents
Exclusive Listing • Principles ONLY
Jake Ringwald
Lorenzo Digianfelice
416-996-7713
416-907-8281
jringwald@cfrealty.ca
ldigianfelice@cfrealty.ca
35 The Links Rd #201 Toronto, ON, M2P 1T7 • 416-972-9220
35 The Links Rd #201 Toronto, ON, M2P 1T7 • 416-972-9220
H A M I L T O N
Mazhar Roshan Sales Representative
905.929.9800 647.609.9463 905.574.6400
Direct GTA Direct Office
mazharroshan@sympatico.ca HAMILTON
BURLINGTON FOR LEASE
9 WOODBURY/HAMILTON
Well established high volume Canada post Franchise business available for sale For more inquiries please call Mazhar Roshan at
2000 Sq. Ft. on lower level for storage.
M RED JUS O T SE TIV UCE LL AT D ER ED !
905 929 9800
Long established variety and laundromat business. Store sale $22,000 per month. Lottery income $3,600 per month. Nevada $300 atm $300 per month. Laundromat income $9000/mth. 20 Washer and 15 dryers (few newer) alterations and dry cleaning drop off. Very reasonable rent. Long lease. Do not go direct please call lbo for more details.
5000 square feet part of Industrial Building Available for lease in low tax Brant County. The building features 14 x 14 drive-in shipping doors as well as fenced rear yard and M3 outside storage. One minute from Hwy 403 interchange. Lot size provides ample parking. good for light manufacturing, warehouse, distribution and storage. Huge two-level office with fully equipped board room lunchroom and washroom.
“My Business is to Sell Your Business” 6
HomeLife Professionals Realty Inc.
BROKERAGE I have qualifi ed buyers for up to $5M in commercial and investment buyers. Call for details.
RETIREMENT COMMUNITY
Price includes 2 buildings, 2 bdrm house, retail, convenience store, with w/in cooler, catering take out business, lottery, ATM, and much much more. Lots of potential, retiring couple, good for home and work.
2145 KING ST/HAMILTON
Fully occupied mixed use property in hamilton’s rosedale area. Includes 3 commercial units and 5 residential units with a net income of over $60k. For more details please call lbo. Buyer or buyer’s agent to verify all numbers.
$3,750,000 150 SHOEMAKER ST, KITCHENER
15 MCBRINE DR, KITCHENER
• 17,960sf industrial building on 3.26 acres • B1 Zoning • Currently with Tenant on Month to Month • 20ft ceilings & 8 drive-in
doors • Paved and fully fenced rear compound • MLS. • Call Ryan Briggs
• House/outbuildings renting for approx. $34,000 per year • 60 Acres farmland leased at $6,000 per yr • Call Ryan
24B WOLVEN ST, PORT ROWAN
120 WESTMINSTER DR S, CAMBRIDGE
$224,900 #3 - 35 CHERRY BLOSSOM RD, CAMBRIDGE $149,900
$349,900 38 MCBRINE DR, KITCHENER
• Two 1,500 sq. ft. industrial condo units at $224,900 each • B1 Zoning • One unit vacant & one with Tenant • Both finished office space • Vacant unit available immediately • MLS. • Call Ryan Briggs
$25-$40/SF
255 NORTHFIELD DR E, WATERLOO
• 20 year old established catering business • State of the Art industrial kitchen with storefront cafe • Business includes contracts and assets • Financials etc. are available for qualified buyers • MLS • Call Christina Rooney 519-654-2408
$27/SF
191 KING ST S, WATERLOO
• Retail unit available at Bauer Marketplace in Uptown Waterloo • $27/sf rent plus $10.50/sf CAM • Great location close to Mark Nunes, Bauer Kitchener, Vincezo's, etc. • Zoning allows many retail and office uses. • Exclusive • Call Duncan McLean
• High visibility corner of Bridge & Northfield • 1,070 – 1,917sf inline units and 6,600sf pad site with drive through, to be constructed • MXC zoning permits many uses • Complex will include 325 residential units • Convenient access to expressway, shopping, restaurants & transit • Available Fall 2020 • MLS • Call Duncan McLean
1 QUEEN ST N, KITCHENER
$27.50/SF
59 LORNE AVE E, STRATFORD
• 1,002sf, 4,755sf or 5,757sf prime commercial space in Downtown Kitchener • D-1 Zoning • Brick & beam building currently being renovated • Tim Horton's will occupy space fronting on King St • Great location in Downtown Kitchener close to LRT, residential, restaurants & shopping • MLS. • Call Neil Koebel
$15.75/SF 771 ERIE STREET, STRATFORD
519.578.0337
CELL:
519-741-6594
Neil@cmarealty.ca
DUNCAN MCLEAN
RYAN BRIGGS
Broker of Record
Sales Representative
Sales Representative CELL:
519.498.5775
Ryan@cmarealty.ca
$15.75/SF • Vacant 2,100 sq. ft. unit ready for your improvements • CAM approximately $8.00/sq. ft. • Join Tim Horton's, McDonald's, Service Canada, TD Bank & many more • Available immediately • MLS. • Call Duncan McLean
• Fully built out 2,843 sq. ft. unit with reception, multiple offices, kitchen & boardroom • CAM approximately $8.00/sq. ft. • Join Tim Horton's, McDonald's, Service Canada, TD Bank & many more • Available immediately • MLS. • Call Duncan McLean
NEIL KOEBEL KITCHENER, ONTARIO
$799,900
• New mixed use commercial/ residential triplex in Downtown Preston • 2 Bed Upper unit w/bright & spacious layout plus walkout to large deck area • 2nd level Bachelor Unit has floor to ceiling windows, in unit laundry • Main floor 920sf commercial unit has wheelchair accessibility & 1 bathroom • C-1 zoning allows for many retail and commercial uses. • Attached garage, separate meters • MLS. Call Ryan Briggs
• Apartment/Condo Land For Sale • Proposed 125 Unit apartment or condo development • Approx. 2 acres of mid-rise residential land • Located on Norfolk Golf & Country Club, Simcoe, Ontario • Subject to zone change and site plan approval (estimated one year away) • Asking $20,000 per unit • Exclusive Listing • Call Neil Koebel
• Lake Front Lot in Port • All municipal approvals Rowan. are in place and services are at the lot line. • Build your dream home on this 56 x 195 foot • This is one of the last residential lot with million remaining lots with lake dollar views of Lake Erie's views. Don't miss out. Inner Long Point Bay. • MLS • Call Ryan Briggs
$3,250,000
• 0.74 acre development lot near Uptown Waterloo • Proposed 93 unit 6 storey residential apartment building • On Public Transit route and close to LRT • Architectural plans and engineering reports available • Currently professionally managed rental units with vacant possession on September 1st, 2020 • Exclusive • Call Ryan Briggs
drive-in doors • Fully fenced rear compound with controlled entry • MLS. • Call Ryan Briggs
$2,500,000
$2,700,000 SIMCOE
2583 SANDHILLS RD, BADEN
• Baden Farm & Business w/ residential bungalow and three outbuildings • Proven income from cash crop and aggregate licence
• 14,900sf industrial building on 3.1 acres • B2 Business Park Zoning • Currently leased until January 2023 • 10 loading docks & 4
$3,400,000 310-316 ERB ST W, WATERLOO
CELL:
519.590.7997
Duncan@cmarealty.ca 7
Land Exchange Ltd. Brokerage Independently Owned and Operated 262 Josephine St., Wingham www.remaxlandexchange.ca Office: 519-357-3332
RENATE SIEBER-SCHLEGEL Broker of Record
Cell:
519.531.1177
635 HIGHWAY 21, RIPLEY
NORTH STREET, CLINTON
Modern Food Grade Facility situated on 64 acres South of Kincardine. This is a “Turnkey” Cheese Factory with excellent exposure. 3-phase 600 volt, 19’ clearing height, well known location, 100+ parking spots, Private lagoon with 2 million gallon capacity. Incredible site.
55 Lot subdivision ready to be developed consisting of 25 townhouse units and 30 single family home lots.
UNITS
FO
R
LE
AS
E
165 KINCARDINE HWY, WALKERTON
PRIME LEASE SPACES FOR BRUCE POWER CONTRACTORS Long term lease, minimum of 5 year lease. 6 Units
LE SA R
FO
R
LE
AS
RARE OPPORTUNITY!! 3.1 acres industrial/ commercial land along Highway 401 in Cambridge. Great exposure, M1 zoning, Phase ll, Survey, very clean property - ready to be developed, conveniently located between Franklin Boulevard and Highway 33
ONTARIO LTD. 638 JOHN STREET, NEUSTADT
FO
E
CAMBRIDGE – HIGHWAY 401
“LIKE NEW” 10,600 Sq.Ft. Commercial building with up to 17.5’ clearing height on 3.21 acres just south of Hanover. This site has M2 zoning and is also suitable for Cannabis cultivation and processing operation. This site allows for more buildings/storage units, lots of parking.
HOTEL / MOTELS EXCLUSIVELY FOR SALE IN HURON COUNTY CALL FOR MORE INFORMATION
8
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August 15, 2020 ADVERTISING DEADLINE:
August 5, 2020
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Enhance your income property
REGIONS Kitchener, Waterloo & Guelph ............. 10 Greater Toronto Area.............................19 Central Ontario ......................................21 Business Investors ................................22
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LONDON HAMILTON NIAGARA
TO ADVERTISE
TORONTO 1.866.532.2589
GUELPH
PRESIDENT & PUBLISHER
Leo Racioppo KITCHENER/ leo@mediaclassified.ca WATERLOO
CHIEF OPERATING OFFICER John Racioppo john@mediaclassified.ca HAMILTON ACCOUNTING INQUIRIES NIAGARA accountingteam@mediaclassified.ca CIRCULATION INQUIRIES distributionteam@mediaclassified.ca
DIRECTOR OF PRINT MEDIA Lauren Reid-Sachs GRAPHIC DESIGNER & ASSISTANT MANAGER Alicesa Pullan GRAPHIC DESIGNER & PRE-PRESS COORDINATOR Hannah Yarkony GRAPHIC DESIGNERS Sandra Hanak, Johannah Lorenzo, Mike Terentiev, Kathleen Walker, Alice Wu All submissions from interested parties will be considered. Please submit to the editor at editorial@mediaclassified.ca
HEAD OFFICE 610 Applewood Crescent, Suite 401, Vaughan ON L4K 0E3 T: 905.761.3313 | Toll Free: 888.761.3313 | F: 905.761.5038 E-mail: info@thecommercialinvestor.ca Website: thecommercialinvestor.ca Copyright Notice All copyright and other intellectual property rights in the contents hereof are the property of Commercial Investor, and not that of the individual client. The customer has purchased the right of reproduction in Commercial Investor and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of Media Classified Corporation. Contents of this publication, in hard copy format as well as online, are covered by copyright law, and offenders will be prosecuted. Copyright 2020. All rights reserved. Reproduction, storage in a retrieval system or transmission, in any form or by any means, whether electronic, mechanical or otherwise, in whole or in part, without prior written permission of Media Classified Corporation is strictly prohibited.
Kitchener/Waterloo Guelph & Cambridge
519.742.7000 www.coupalmarkou.com
sale 136 dearborN Place, Waterloo
• Rare ¾ acre commercial building lot for sale • Subject to severance • Flexible industrial E3 zoning allows for many uses • 0.75acres MLS • $950,000
sale
360 regiNa St N, Waterloo
• Located on Regina St N near Columbia St E / Columbia St W • Many uses for this property, restaurant, office, medical, retail, electronic, bakery • 1,500 sq ft MLS • $1,550,000
sale
197-199 duNdaS Street, loNdoN
• Downtown Office Investment Opportunity • Excellent opportunity for a user to occupy 12,000 sf and enjoy revenue from a government tenant • 20,194 sq ft on 0.228 acres • $2,900,000 EXCLUSIVE
sale
347 Weber St N, Waterloo
• Prime C-5 location on busy Weber St in North Waterloo • Close to Universities and on transit route • Ample parking for your growing business • 6,400 sq ft MLS • $1,650,000
sale
529-533 exmouth Street, SarNia
• Fully leased commercial investment opportunity • 50% occupied by Service Ontario • 15,360 sq ft on 0.927 acres • $2,000,000 EXCLUSIVE
sale
534 QueeNS aveNue, loNdoN
sale
• Located on Weber St N near Columbia St E / Columbia St W • Many uses for this property, auto sales and repairs, office, some retail, medical • 4,000 sq ft MLS • $1,499,000
MLS
1096 Wilby road, St. agatha
sale
• Properly well located as potential future development site • Close proximity to Waterloo’s urban boundary • 86 Acres • $2,495,000
MLS
sale
• Historic mansion with purpose built additions • Single tenant investment property, leased to Canadian Mental Health Association, Middlesex • 19,000 sq ft on 0.582 acres • $3,200,000
351 Weber Street North, Waterloo
175-185 KiNg Street eaSt, KitcheNer
• Investment property in downtown Kitchener • 17 residential units across two upper floors & three main floor retail units • Contact listing agency for more information, CA and full information package EXCLUSIVE • $3,395,000
Christopher Coupal
John Markou
Theo Papadopoulos
Broker of Record, Principal christopher@coupalmarkou.com 519-742-7000 x 101
Broker, Principal john@coupalmarkou.com 519-742-7000 x 102
Sales Representative theo@coupalmarkou.com 519-742-7000 x 103
connect
The information set out herein is for advertising purposes, with information obtained from sources deemed to be reliable. No warranty or representation is made as to its accuracy, correctness and completeness of the information, being subject to errors, omissions, conditions, prior sale/lease, withdrawal or other changes without notice. Coupal Markou Commercial Real Estate Inc., Brokerage
10
COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities
July 18–August 15, 2020
Kitchener/Waterloo Guelph & Cambridge
519.742.7000 www.coupalmarkou.com
LEASE
MANITOU / FAIRWAY OFFICE SPACES, KITCHENER
• Second Floor Office units in high traffic plaza • Available Now! • Free on-site parking and utilities included • Units from 1,116 – 9,980 sq ft • $12.50 / sq ft net
MLS
LEASE
678-684 BELMONT AVE W, KITCHENER
• Located in the heart of Belmont Village • Signage potential • High foot traffic and great side street parking • Units from 691 – 893 sq ft • $18.00 – $22.00 / sq ft net
LEASE
LEASE
MANITOU/FAIRWAY RETAIL SPACES, KITCHENER
• Located at the intersection of Manitou Dr and Courtland Ave E meets Fairway Rd S • Plaza recently refaced; new facia and signage • Unit Ranges: 1,079 – 7,035 sq ft • $25.00 / sq ft net MLS
299 LANCASTER STREET W, KITCHENER
LEASE
• Main floor private lobby, great signage opportunities, on-site parking for 4 vehicles • Public transit at the front door and minutes away from 3 ION stations • 5,649 sq ft • $15.00 / net lease
MLS
LEASE
MLS
340 KING STREET WEST, KITCHENER
130 WEBER STREET WEST, KITCHENER
• Located on the corner of Lancaster St W and Elizabeth St • Great storefront retail space • On-site parking • 1,150 sq ft • $17.50 / sq ft MLS
LEASE
• Space available on all three floors • Accessible elevator • Monitored by Direct Detect and has fibre optics • Units from: 450 – 8,221 sq ft • $12.50 - $18.50 / sq ft or $1600 / monthly gross
851 FISCHER HALLMAN ROAD, KITCHENER
• Second floor office space with large windows for natural light • High vehicle traffic with abundant on-site parking • 1,632 sq ft • $20.00 / sq ft net
MLS
LEASE
620 KING STREET NORTH, WATERLOO
• New Build on King Street North • Near many amenities • Breaking ground early 2020 • 1,352 – 2,704 sq ft • $30.00 / sq ft
MLS
MLS
LEASE
85 WEBER STREET WEST, KITCHENER
• Newly Renovated Main Floor Office/Retail Suite in converted house • Steps from Downtown Kitchener amenities and transit with 2 onsite parking spaces included • 1,065 sq ft • $2,400 / Month Gross Lease
Christopher Coupal
John Markou
Theo Papadopoulos
Broker of Record, Principal christopher@coupalmarkou.com 519-742-7000 x 101
Broker, Principal john@coupalmarkou.com 519-742-7000 x 102
Sales Representative theo@coupalmarkou.com 519-742-7000 x 103
MLS
CONNECT
The information set out herein is for advertising purposes, with information obtained from sources deemed to be reliable. No warranty or representation is made as to its accuracy, correctness and completeness of the information, being subject to errors, omissions, conditions, prior sale/lease, withdrawal or other changes without notice. Coupal Markou Commercial Real Estate Inc., Brokerage
July 18–August 15, 2020
Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR
11
Kitchener/Waterloo Guelph & Cambridge
Dalibor Radulovic Sales Representative dalibor1@rogers.com
Chris Mossey
Tunde Abiodun
Rob Piombini
chrismossey@rogers.com
tabiodun@gmail.com
rpiombini@homelifepower.com
Sales Representative
Broker
Broker
519-885-8810
HomeLife Power Realty Inc., Brokerage*
385 Frederick Street, Unit 32 Kitchener, Ontario N2H 2P2
*Independently Owned and Operated
5 parcels of Development Land available in Kitchener & Waterloo (Exclusive Listings). Call for details.
Unit 1&2, 300 Victoria Street North, Kitchener, ON - 1302 Sq/Ft Great Opportunity to Lease a 1302 Sq. Ft. Multi-Use Space. Multi-use allows for retail, office, services and more. High traffic location on Victoria Street North in Kitchener. Other spaces available please call for details. $14.00 per square foot Plus CAM. Immediate Occupancy!
We have Buyers Ready to Invest in Multi-Family Apartment Buildings between 1-5 Million. Please Call the 4M COMMERCIAL GROUP at 519-885-8810
Towneplace Suites By Marriott 30 FEN RIDGE COURT, BRANTFORD, ON N3V 1G2
REGISTER TODAY
www.collardproperties.ca/seminars
PREMIERE DISTRIBUTION NETWORK
GET ACCESS TO A HIGHLY TARGETED NETWORK AND INCREASE THE VISIBILITY OF YOUR BRAND.
FOR ADVERTISING INFORMATION CONTACT: 1.888.761.3313 info@thecommercialinvestor.ca | thecommercialinvestor.ca 12
COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities
July 18–August 15, 2020
Kitchener/Waterloo Guelph & Cambridge
Call us today to speak to one of our experienced realtors 519.745.7000 www.royallepagegrandvalley.com 370 Highland Rd W #15c, Kitchener, ON N2M 5J9
Goran Askraba
Kyle Church
Chris McFarlane
Mike Milovick
Nick Johnston
Broker/Manager
Broker
Sales Representative
Broker/CCIM
Sales Representative
519-745-7000
519-745-7000
519-745-7000
519-745-7000
519-745-7000
goran@royallepage.ca
kyle.church@royallepage commercial.com
cmcfarlane@royallepage.ca
mike@teammilovick.com
nickjohnston@royallepage.ca
367 Holly Street
WATERLOO • $1,069,000 Over $85,000+ Potential Gross Income Available Here! Positive cash flow opportunity with just 20% down with a projected 5 percent cap rate. Well-maintained, City approved, rental-licensed property featuring three D2 rental licenses (two five bedrooms and one four bedroom). Owner is completing re-rentals for September. Lots of upswing in value and additional increased income is still available for the next operator! All bathrooms modernized. Newer maple kitchen cabinetry, contemporary countertops and ceramic flooring in all three kitchens. Key pad access to each unit. Coin operated washer and dryer. Call Mike Milovick 519-745-7000
1B – 1120 Victoria Street North
123 Chatham Street
High traffic plaza with many great Tenants such as Caseys, Whale and Ale, The Beer Store. Great exposure and ample parking on site. Space is currently vacant. Call Chris McFarlane 519-745-7000
KITCHENER • FOR LEASE
BRANTFORD
6-509 Quiet Place
WATERLOO
Welcome to Quiet Place - bright, spacious and modernized suites ready to call home! Exceptional value: note contemporary kitchen with glass back splash, island and stunning quartz countertops and more! Call Mike Milovick 519745-7000
721 Franklin Boulevard
CAMBRIDGE • $1,695,000 July 18–August 15, 2020
Attention developers: 0.744 acres, site plan approved for 20 stacked townhome development. all studies, reports and drawings are in place. all plans and reports available to interested parties. Call Kyle Church 519-7457000
Rare automotive opportunity available less than 1km north of downtown Brantford, Wilfrid Laurier University, Conestoga College, and Elements Casino! Just off a desirable corner boasting high traffic volumes along Clarence FOR SALE: $749,900 Street Call Nick Johnston FOR LEASE: $3,000 519-745-7000
19, 21 & 23 Hickory Street West
WATERLOO • $2,150,000
Excellent development opportunity in the heart of Waterloo’s university district! Assembly of 3 single detached houses: 19,21,&23 Hickory street West. Located steps from King street and Wilfrid Laurier University. Call Goran Askraba 519-745-7000
160 Elgin Crescent Beautifully modernized duplex in close to proximity Uptown. Rental licensed, Six Bedroom property with two A3 Rental Licences! Ability to go to market rent immediately! Stunning! AAA. Call Mike Milovick 519-745-7000
WATERLOO • $599,900 Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR
13
Kitchener/Waterloo Guelph & Cambridge
Coldwellbankercommercial.ca 508 Riverbend Drive, Kitchener
PETER BENNINGER REALTY, BROKERAGE
** Broker * Sales Representative
RETAIL AVAILABLE FOR LEASE KITCHENER
BRESLAU
MLS® 30774502
8 BLOOMINGDALE ROAD 870-1,130 SF $12.00/SF Lester Tobin* x 3023
MLS® 30717001
MLS® 30802801
1O TOWNSEND DRIVE
#1-900 FAIRWAY CRES.
1,163-3,524 SF $22-26/SF James Boudreau** x 3020
KITCHENER
2,500 SF $26.00/SF Lester Tobin* x 3023
CAMBRIDGE
MLS® 30782754
MLS® 30813989
#19-248 STIRLING AVE. S.
#LL - 34 WATER ST. N.
3,000 SF $14.50/SF James Boudreau** x 3020
KITCHENER
3,292 SF $8.00/SF James Boudreau** x 3020
KITCHENER
MLS® 30637876
1606 BATTLER ROAD
3,000-3,961 SF $28.00/SF Lester Tobin* x 3023
OFFICE AVAILABLE FOR LEASE KITCHENER
KITCHENER
ST JACOBS
MLS® 30790637
MLS® 30795609
MLS® 30760388
508 RIVERBEND DRIVE
105 KING STREET E.
#C-1620 KING STREET N.
588-6,625 SF $19.95/SF Colin Vogel* x 3110
960 SF $16.50/SF
Steve Gerakopulos* x 3033
CAMBRIDGE
WATERLOO
34 WATER STREET N.
KITCHENER
MLS® 30800990
MLS® 30769279
105-375 UNIVERSITY AVE. E. 894 SF $21.00/SF Colin Vogel* x 3110
#1-96 HIGHLAND ROAD W.
MLS® 30814000 1,764-4,768 SF $11-$11.50/SF James Boudreau** x 3020
2,044 SF $11.95/SF Gary Boudreau* x 3029
982 SF $13.00/SF Gary Boudreau* x 3029
Each office is Independently Owned and Operated 14
COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities
July 18–August 15, 2020
Kitchener/Waterloo Guelph & Cambridge
Coldwellbankercommercial.ca 508 Riverbend Drive, Kitchener
PETER BENNINGER REALTY, BROKERAGE
** Broker * Sales Representative
INDUSTRIAL AVAILABLE AYR
FOR LEASE | BRIGHT
MLS® 30785745
907168 TOWNSHIP ROAD 2,400-4,800 SF $6.50/SF Lester Tobin* x 3023
KITCHENER
MLS® 30768424
MLS® 30759962
120 WANLESS COURT
#A-109 OTTAWA ST. S.
4,000 SF|5.72 Ac. 19,500/Mo. Steve Gerakopulos* x 3033
3,450 SF $8.50/SF Lester Tobin* x 3023
INVESTMENT FOR SALE KITCHENER
CAMBRIDGE
MLS® 30820239
MLS® 30810909
109 OTTAWA ST. S.
50 HOPETON STREET
9,632 SF |0.50 Ac. $1,925,000 Lester Tobin* Ext: 3023 HANOVER
MLS® 30784813
341 10TH AVENUE
21.63 Acres $5,825,000 Eric Frey* x 3118 WATERLOO
MLS® 30749343
51 KING STREET N.
6,282 SF 0.09 Ac. $2,999,000 Lester Tobin* Ext: 3023
KITCHENER
MLS® 30768424
23 ROY STREET
2,550 SF $775,000 John Hoffman* x 3040
5,000 SF | $1,119,000 Eric Frey* x 3118
INGERSOLL
ACTON
MLS® 30792182
MLS® 30764486
311 INGERSOLL STREET S. 24.21 Acres $2,850,000 John Hoffman* x 3040
5.90 Acres $4,300,000 Steve Gerakopulos* x 3033
0 WALLACE STREET
WATERLOO
STRATFORD
MLS® 30778997
MLS® 30785324
57 KING STREET N. 1,700 SF 0.03 Ac. $1,300,000 Lester Tobin* Ext: 3023
9,245 SF 0.56 Ac. $1,900,000 Lester Tobin* Ext: 3023
165 DOWNIE STREET
Each office is Independently Owned and Operated July 18–August 15, 2020
Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR
15
Get the right type of insurance for your business Your business may have many assets: Vehicles, office space and equipment, inventory, an indispensable employee or partner and, most importantly, yourself. To protect these assets and to protect your business from potential risks, you should consider getting insurance. All businesses take some risks, but taking too many risks or failing to protect yourself does not make good 16
business sense. Could your business survive if one of the partners dies or becomes disabled? Would you have
COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities
sufficient cash on hand to deal with any business emergency that could arise? In many cases, the answers to these and other questions about risk is “no”. Insurance needs vary greatly and it is best to get advice from an insurance broker or agent who is familiar with your specific type of business. The following are different types of insurance that may apply to your business. Insurance for owners, partners and key employees July 18–August 15, 2020
The loss of a key person can devastate your business and your livelihood. These types of insurance can help protect your business and your family from potential risks: • Life insurance — Protects your family in the event that something happens to you. This is especially important in the case of a sole proprietorship, because the owner is personally liable for all the debts of the business. • Disability insurance — Will provide you with income for a specified period of time, if you are unable to work due to an injury or illness. • Partnership insurance or buy-sell insurance — If your business partner passes away, partnership insurance will allow you to purchase the shares and continue running the business. • Critical illness insurance — Provides you with a lump sum benefit, if you are diagnosed with a critical illness. • Key person insurance — If you rely on certain key people to help run your business, protect yourself against the loss of these key employees. Speak to your accountant to find out which of these are deductible as business expenses and which ones you will need to pay for yourself as an individual.
Insurance for business property and earnings You need to protect your assets and earnings in the event that a disaster or emergency destroys part or all of your business premises and assets. This could include: • Property insurance — Property insurance will cover the property and buildings owned by your business in the event of destruction or damage due to things like fire and other perils. • Contents insurance — This covers assets that you store at your business premises. If you are leasing space for your business, the owner of the property probably has property insurance, but you are likely July 18–August 15, 2020
responsible for your own contents insurance. If you run your business out of your home, you will likely need separate contents insurance for your business assets. • Business interruption insurance — If you need to shut down your business temporarily due to a fire or other peril, business interruption insurance will cover your loss of earnings until you are back in business. • Vehicle insurance — You will need to insure any vehicles that your business owns. If you use personal vehicles for business purposes, be sure to advise your insurance company.
Liability insurance Mistakes happen. You, your employees, your equipment or your suppliers could be the cause of mistakes that ultimately end up hurting your customers, your employees or other people who are involved with your business. To protect your business from being sued, you should consider these types of insurance to limit your liability: • General liability — Covers injury to clients or employees on your premises • Product liability — Provides protection in the event that your products are defective or cause serious harm to those using them • Professional liability insurance — Provides protection if you are sued by a client for errors, omissions or negligence, when performing professional services • Cyber liability — Protects in the event of a lawsuit stemming from an electronic security breach involving compromised personal or commercial information. Can include situations relating to the theft of devices containing organizational, client, employee, or similar data.
Accounts receivable insurance Having a client that does not pay can
You need to protect your assets and earnings in the event that a disaster or emergency destroys part or all of your business premises and assets.
leave you in a difficult situation. You have to pay your employees and suppliers, and are essentially stuck covering the costs of goods sold, without the corresponding revenue. Accounts receivable insurance, also known as credit insurance, can help protect you from this risk, when a client goes bankrupt or refuses to pay. The risks are often greater when dealing with export markets. The government offers export insurance to cover a variety of risks including accounts receivable insurance.
Health insurance Providing a health insurance plan for employees can be a key factor in recruitment and retention of employees. You can talk to an insurance broker or company about group plans covering supplemental health and dental benefits for your employees. Get the right insurance for your business. Making sure you have the correct business insurance can provide peace of mind. To discuss your business insurance options, contact an insurance representative to find or develop a plan that is right for you and your business. You may also wish to contact your local chamber of commerce or industry association, as some organizations offer members lower rates on their business insurance. CI Source: Canadabusiness.ca
Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR
17
Vacant possession
BY JACQUELINE MONETA JD WITH ASSISTANCE FROM JAYSON SCHWARZ LLM
If you’ve ever bought, sold or rented a property, you’re probably familiar with the term vacant possession. Giving vacant possession refers to a legal obligation to ensure that a property is in a state fit to be occupied at a given point in time. WHEN DOES VACANT POSSESSION HAVE TO BE GIVEN? It’s common to see vacant possession as an express term in Agreements of Purchase and Sale or a lease. But vacant possession usually has to be given in the following circumstances: • When property is sold • When a lease is granted • When a tenant vacates at the end of the term However, the Ontario Superior Court has held that when no specific time of day for vacant possession has been stated, a seller can deliver vacant possession at any time before the end of that day. Therefore, it’s important to be specific if you want to ensure that the property is vacant before midnight on the agreed day.
WHAT DOES VACANT POSSESSION MEAN? It seems natural to think that a property will be delivered with vacant possession if all of the occupants have left, but chattels, or movable objects, must also be emptied. However, depending on the circumstances, vacant possession may still be given even if these requirements are not wholly met. The test the courts apply is whether the chattels left behind substantially interfere with or prevent the enjoyment 18
of the right of possession for a substantial part of the property. The court is clear that not any impediment will do. It must be one that substantially prevents or interferes with the enjoyment of the right of possession of a major part of the property. Given the subjective nature of this test, it’s important to keep in mind that each case will turn on its own set of unique facts. In one Ontario Superior Court case, the court held that a Quonset hut, which remained on the land after the closing date, did not impede the delivery of vacant possession. In that case, the plaintiff was willing to accept the property with the hut remaining. However, the court conceded that even if the hut should have been removed, the purchaser would only be entitled to the cost of removing the hut as an abatement of the purchase price and nothing more. In a subsequent case, however, the court found that failing to remove equipment was a failure to provide vacant possession as required in the lease. The effect of this failure was to prevent the tenant from being able to carry on their business. In that case, the tenant was entitled to damages.
WHAT HAPPENS IF VACANT POSSESSION IS NOT GIVEN? Where vacant possession is being given on the sale of property, a buyer
COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities
has several options. A buyer can apply for specific performance, where the courts will enforce the contract, in addition to damages for any losses suffered. The contract may also be rescinded. But if the parties are willing to negotiate, they may be able to agree on an abatement of rent/the purchase price or a different closing date. Courts act more favourably toward sellers who have made attempts to deliver vacant possession, rather than those who make no effort to honour the terms of the contract.
WHAT DOES IT MEAN TO ME? Vacant possession is extremely important. Let’s look at some examples. You are closing your new resale home and the vendor has left a broken-down truck in the garage and lots of old furniture in house. The tenant of the vendor is still living in the basement. This is an example of a situation where you could apply to the courts to enforce your rights to specific performance. Every situation is unique and requires a holistic overview of what is involved and then the application of both common sense and the law. This is the time your lawyer becomes very important. CI Email us at info@schwarzlaw.ca and give us your questions, concerns, critiques and quandaries.
Jayson Schwarz LL.M. is a Toronto business lawyer and partner in the firm Schwarz Law LLP. July 18–August 15, 2020
Greater Toronto Area
Bring the Cushman & Wakefield edge to your next Commercial Real Estate transaction.
CONTACT US MONDAY - FRIDAY 9 AM-5 PM
519 438 5588 info.lws@cushwakeswo.com
www.cushwakeswo.com
Although these are unsettling times and it may not be ‘business as usual’, at Cushman & Wakefield Southwestern Ontario we are working hard to continue providing our clients with the highest level of service. We continue adhering to the Public Health recommendations, while striving to provide the excellent service you are accustomed to. Despite the unprecedented challenges, we want you to know that we are here for you and doing business. Feel free to reach out to us anytime!
©2020 Cushman & Wakefield Southwestern Ontario, Real Estate Brokerage, Independently Owned and Operated. A Member of the Cushman & Wakefield Alliance.
Cindy Wen
647.204.5336 ccwen008@yahoo.com www.TorontoHomeBuySell.com
BROKER
TOP PRODUCER
Cindy Wen offers seller’s client: GUARANTEED HOUSE SOLD program, free property evaluation, free home staging consultation. Offers Buyer’s Client: Guaranteed stress-free experience, free home buyer consultation, best suitable mortgage solutions.
Remax Crossroads Realty Inc., Brokerage Office 416.491.4002
CLIENT TESTIMONIAL
Property Management & Investment
“I was very pleased with the job done by Cindy Wen. Her hard work and professionalism created maximum exposure, getting me well over the asking price on the sale of my house. Trusting in Cindy also got me a new home at a great price & in my desired neighbourhood. Cindy Wen is truly a top-notch Realtor. “ — Karl G
WWS Global Group Inc.
VERY COMPETITIVE RENT FOR COMMERCIAL RETAIL LEASING OPPORTUNITY
GTA COMMERCIAL PLAZA FOR SALE
Become Part Of This Lively North YORK Plaza. Successful Anchor Tenants. Numerous Uses. Lots Of Parking. Call Realtor Cindy Wen 647-204-5336
Great potential for Investments and Redevelopments. Call Realtor Cindy 647-204-5336
July 18–August 15, 2020
416-519-9621
We help investors to lease and manage residential and commercial property all over in GTA
TORONTO 3 BEDROOM TOWNHOUSE
Under 500k. Call Realtor Cindy 647-204-5336
AMAZING TORONTO CONDO PROJECT
Monthly Payment Plans and low deposit as 5-10%. Call Realtor Cindy 647-204-5336
Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR
19
Enhance your income property One in five Canadians rent their property for shortterm tenants or are considering doing so in the future. Designer Jo Alcorn provides tips on how to make your investment property stand out above the rest.
that require minimal maintenance, and fresh white linens and towels give that hotel clean feeling but with the comfort of home. It also looks great on camera when you’re staging the space.
LIGHTS, CAMERA, ACTION ADD PERSONALITY Include a little individualized charm. It doesn’t need to be overly extravagant. Try including your favourite scented candle or a cozy throw.
CREATE AN INVITING SPACE With short-term rentals, most people look for the comforts of a real home and not a sterile hotel room. Create an inviting space with accent pillows, styled shelves and artwork. All of this can be done on a budget and with non-breakable items. Make sure things are easily washable so 20
you can keep things feeling fresh between guests!
MINIMAL LOOK, MAXIMUM RETURN As much as you want to make the space feel homey, you want to keep the space simple and (Netflix organizer) Marie Kondo approved! This way your home always looks put together.
KEEPIN’ IT FRESH Make your home stand out from the rest by keeping things fresh. Little touches like flowers or small plants
COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities
A picture is worth a thousand words when it comes to short-term rentals. Since it’s the first thing a potential customer looks at, the quality of the photos is as important as the staging. Photos that showcase natural lighting, your design personality and cleanliness, along with ensuring they are high enough resolution, are keys to coming out on top.
HOOK PEOPLE WITH WORDS The description you create is as important as the photos. The description allows you to bring your space to life in a way photos cannot. July 18–August 15, 2020
Central Ontario
And make sure your photos match your description; don’t talk about the spacious bedroom on the second floor if you don’t have accompanying imagery.
PROTECT YOUR HOME The time and effort you put into creating a welcoming space goes a long way, but as a short-term rental host, you want to make sure you protect your home. Unless your policy clearly states that short-term rental activity is permitted, you may not be covered for short-term rental related losses. That’s where Duuo comes in – an on-demand, episodic insurance service designed to protect short-term rental hosts and their homes. With Duuo, you pay only for the days you want coverage, so you can rent securely and relax. Learn more at duuo.ca. CI
FOR SALE
Multi Tenant Fully Leased Investment in Guelph • 2 Storey Office Building • High visibility • 8 Office suites with own washrooms • Great investment opportunity • Potential for owner use in lower level • Very well maintained • Ample parking • Full range of retail services in vicinity VITO SIMONE • Tenants include dental, medical, chiro, 416.816.9482 healthcare and office vito@vitosimone.ca • Free and Clear Mortgage July 18–August 15, 2020
ASKING PRICE -
1,875,000
$
APROX. 6,000 SQ.FT. OF GROSS FLOOR AREA 30 PARKING SPOTS
100% LEASED
Commercial Real Estate & Business Opportunities | COMMERCIAL INVESTOR
21
Business Investor
What is a REIT and why you should care. WRITTEN BY SCOTT McGILLIVRAY Real Estate Investor, HGTV Host & District REIT Partner One of the things I hear frequently
the underlying properties over time
estate, that they can actually drive
from potential real estate investors
through increases in Unit values.
past, without having to worry about
is that they love the idea of owning real estate but they don’t want to
the day-to-day management of REIT’s VS Traditional Property
properties, assets and tenants.
be landlords. I get it. Owning and
Ownership
For this reason, REITs are often
managing properties takes work.
Purchasing income generating
considered a ‘passive’ investment.
The benefits are great, but they
properties can be lucrative, no
don’t come without some effort.
doubt about it. Whether it’s a flip
Why You Should Care
Fortunately, buying a property and
property or a buy-and-hold rental,
If it isn’t obvious already, REITs are
becoming a landlord is not the only
there’s great potential for short and
a great alternative to traditional
way to invest in real estate. Aside
long-term wealth accumulation.
property investing. People who
from options like house flipping or
However, these methods also pose
invest in REITs enjoy all the benefits
wholesaling, there’s also the option
challenges. Owning and managing
of owning real estate assets, in a tax-
of investing in a REIT.
properties takes a lot of work,
efficient manner, without having to
especially once you start getting
go out and source, buy, manage or
into commercial properties.
finance the property themselves.
What is a REIT? A Real Estate Investment Trust, or REIT, is structured similar to a traditional mutual fund that pools
Investing in a REIT gives investors
If you want to invest in real estate but
the opportunity to take part in don’t want to do any of the work, this G E T T O K N O W D I S Tbe R IaCgood T R option E I T for you. █ ownership in a portfolio of real might
investor capital for the purpose of investing in a portfolio of assets
Invest in Units
Portfolio of Real Estate
Monthly Distributions
Rental Income
managed by professionals. A REIT invests in dozens, or even hundreds, of income producing commercial plazas and residential complexes. The REIT collects rents from tenants from these properties, and as a Unitholder, net operating income is distributed back to the investors in the form of monthly distributions – cash flow! Investors are also expected to benefit from capital appreciation in
This article does not constitute an offer of, or solicitation for, the purchase and sale of any securities. Investment in District REIT is open to qualifying investors only under District REIT’s offering memorandum. Any interested investors will be referred to a registered exempt market dealer.
Contact us to learn how you can earn an 11-13% Targeted Total Annual Return
DistrictREIT.ca 22
COMMERCIAL INVESTOR | Commercial Real Estate & Business Opportunities
1.833.308.REIT July 18–August 15, 2020
Business Investor
Be the bank. BORROWING MONEY TO LEND TO MORTGAGES Investing requires access to capital. While some investors use their own savings, others find alternative ways to invest by borrowing funds through leveraging existing equity in their real estate. Because earnings from mortgage investments are greater than the cost to borrow from conventional lenders, borrowing against your property can prove to be a profitable and rewarding investment strategy. Below are two examples of borrowing funds against your real estate to lend to mortgages. The first option considers a Mortgage Refinance, where you can access more of the equity in your property and a portion of your interest payments go towards your principal pay down. The second option considers a Home Equity Line Of Credit which consists of interest only payments. This is a more flexible option, but will limit a borrower to how much they can extract. SCENARIO 1
SCENARIO 2
Mortgage Refinance
Home Equity Line Of Credit
DETAILS
DETAILS
Property Value
$500,000
Refinance *3.65% Fixed | 30 Year Amortization
80% LTV**
New Mortgage
$400,000
New Mortgage
$325,000
Monthly Mortgage Payments
$1824
Monthly Interest Only Payments
$1,205
Property Value
$500,000
HELOC
65% LTV***
4.45% Interest
INVESTMENT EXAMPLE
INVESTMENT EXAMPLE
14% Annual Return
14% Annual Return
7% Monthly Interest + 7% Deferred Lender Fee on Payout
CASH FLOW
Monthly Interest Earned $400,000 at 7% Annually
7% Monthly Interest + 7% Deferred Lender Fee on Payout
CASH FLOW
$2,333
Monthly Interest Earned $325,000 at 7% Annually
$1,896
Mortgage Payments
– $1,824
Interest Payments
– $1,205
Net Monthly Cash Flow
= $509
Net Monthly Cash Flow
= $691
PROFIT
Net Annual Cash Flow
PROFIT
$6,112
$509.33 x 12 Months
Principal Pay Down 1 Year
Net Annual Cash Flow
$8,287
$690.62 x 12 Months
+ $7,518
Defered Lender Fee
+ $28,000
Total Net Profit
= $41,630
Defered Lender Fee
+ $22,750
Total Net Profit
= $31,037
Numbers rounded to the nearest dollar. *Rates and terms subject to fluctuation. OAC. **80% Loan to value ratio is the typical maximum on a refinance. ***65% Loan to value ration is the typical maximum on a secured line of credit.
This example is intended for informational purposes only and should not be relied upon for making an investment decision.
3410 South Service Rd., Ste. 200, Burlington ON | 1.888.330.3866 | info@ProFunds.ca | #12051 July 18–August 15, 2020
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GET SOLD R E A L T Y
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905.673.8500 MALTON I N C . B R O K E R A G E
R E A L T Y
ERIN MILLS COMMERCIAL - RIDGEWAY & EGLINTON 905.673.8500 MALTON CENTREinfo@remaxgoldrealty.com NOW LAUNCHED III ERIN MILLS COMMERCIAL CENTREPHASE - RIDGEWAY & EGLINTON NOW LAUNCHED PHASE III
35 ACRES OF COMMERCIAL DEVELOPMENT 35 ACRES OF COMMERCIAL DEVELOPMENT
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INDUSTRIAL 10,656.36 m2 (114,704 sqft)
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55'-9"
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45'-5"
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I5 7,609SF
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SOLD SOLD
I5 7,609SF
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I6 7,929SF
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I17 I18 SF SF 2,034 2,034
44'-3" 44'-3"
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I10 7,929SF
I11 7,929SF
I12 7,929SF
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I18I19 SF SF 2,034 2,034
44'-3" 44'-3"
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45'-11"
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I19 I20 2,034 2,113SF
11'-5"
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SPRK./ MECH RM.
11'-5" 44'-10" 44'-3"
GARB. RM.
SOLD SOLD
I4 4,241SF
I20 2,113SF
44'-10"
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www.remaxgoldrealty.com 25
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905.456.1010 BRAMPTON 905.673.8500 MALTON 905.456.1010MISSISSAUGA BRAMPTON 905.290.6777 905.673.8500 MALTON 905.290.6777 MISSISSAUGA
Industrial & Commercial Unit with E2 Zoning Starting from 7900 Sq Ft to 40,000 Sq Ft Industrial & Commercial Unit with E2 Zoning Starting from 7900 Sq Ft to 40,000 Sq Ft 39
34
VERY RARE VERY RARE FIND FIND
COMMERCIAL, REAL ESTATE & BUSINESS OPPORTUNITIES
Bill Bradley
Sales Representative
REALTY EXECUTIVE PLUS
416.258.6866
Independently Owned & Operated
Unit 2, 1240 Speers Rd., Oakville ON 416.258.6866
exitwithbill@gmail.com
LAND FOR SALE
49
ACRES
IN CEDAR PARK 5.2A. READY TO BUILD A LAGE PLAZA ON
Condo Apartment Buildings Large or small
38 ACRES IN MILTON ON 49 ACRES IN MILTON ON CALL BILL BRADLEY FOR INFO
Apartment Buildings for sale Large or Small
Small or Large Hotel or Motel Building for Sale
THIS PLAZA ALL READY TO BUILD BY OWNER ON 5.2 ACRES OF LAND NEAR HIGHWAY PLEASE CALL FOR MORE INFORMATION.
SELLERS AND BUYERS WANTED – CALL BILL BRADLEY 26
Kitchener Apartment
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George Gicopoulos Sales Representative Business-Commercial Sales and Leasing
ggicopoulos@gmail.com
Cell 519-852-4458 386 MAIN ST EXETER • Price Reduction of $100,000 • 3-1 Bedrooms apartments
recently renovated (800 mth) + Hydro • 2,300 sq ft main floor setup as Coffee Shoppe. Rent free for owner user or as an investment
$339,000 BREAKFAST & LUNCH
35 The Links Rd #201 Toronto, ON, M2P 1T7 • 416-972-9220
Sean Gicopoulos Sales Representative Investments And Residential
COMMERCIAL CANADA INC
WE MADE THE SWITCH TO EXP., MAYBE YOU SHOULD TOO!
seangic@gmail.com
Cell 519-852-4426
OVER 30,000 AGENTS AND GROWING EXP. REALTY! 50% OF COMPANY REVENUE IS PAID BACK TO THE AGENTS.
FOR DETAILS ON EXP REALTY Contact George or Sean Gicopoulos GREAT BAR & GRILL
FRANCHISE BAR & GRILL • Over 80% of pre-COVID
sales since re-opening • Profits in access of
$300,000 per year plus owners/manager wages • Free standing building plenty of parking recently renovated inside and out • S/W ONTARIO
Asking $825,000 2045 DUNDAS ST
• Northeast London –
area North side of London • 100 seats, great condition, less than 5 years old • Build as franchise • Independent operation now • Good Lease • Bring your own concept
extensively renovated • Plenty of onsite paved parking. • Good Lease • Big-Patio • Good Sales
• Strip plaza in London • Corner spot; over half acre of land and 4,500 sq ft Free standing building • Main tenant occupying 2575 sq ft; 2nd unit of about 1925 sq ft vacant • Good for owner user or as an investment
MAKE AN OFFER
$295,000
$895,000
• Located in Massonville
27
125 hartzel road, St. cathariNeS
133 hartzel road, St. cathariNeS
4581 North Service road, BeamSville
Stand alone 7,402 sf Service Related/office building with ample parking. Used as VW dealership. 6 car shop with floor drains, mezzanine area, offices and showroom. Men’s & Womens washrooms. Gated fenced yard. Exterior lighting. Offered at $2,250,000
Stand alone 1,736 sf commercial building available on busy Hartzel Rd. Being sold as is where is. Former Veterinary Clinic. 8’ ceilings. Multiple exam rooms, front reception area. 3 man doors. Kitchenette & washroom. Ample parking with mutual drive. Offered at $375,000
Ice Wine & Ice Cider Production Facility located in the Lincoln Lakeshore sub-appellation on +/-39.98 acres. This property is an assembly of 3 parcels featuring flat landscape downwards to Lake Ontario. Cleared lands ready for new plantings. Views of the escarpment and the Toronto Skyline. Offered at $10,988,000.00
1413 SpearS road, Fort erie
4796 victoria ave., Niagara FallS
2015 allaNport road, thorold
+/-7.19 acres of prestige industrial land located directly in front of the QEW. It is approx. 4 km from the Peace Bridge crossing into the USA. Offered at $725,000.00
+/-6,000 sq. ft. office building in the Downtown core of Niagara Falls. Presently occupied by a pharmacy on the main floor level, consisting of +/-3,000 sq. ft. with the upper level, with own separate entrance consisting of +/-3,000 sq. ft. Basement with bathrooms and storage. New HVAC, 2 new bathrooms on main floor, parking for 10, next to new medical centre. Offered at $995,000.00
+/- 30.13 Acres of Dry Industrial Land for sale, including a +/- 4,000 sq. ft. , 2 storey house. Can be developed as an industrial site or as presently used, a cash crop. Many permitted uses with a 24’ X 60’ block barn and a wood barn. Side by side homes with separate entrances. Main house has 100 amp service, second home has 200 amp service. Offered at $2,499,000.00
For leaSe
1326 BarroN road, thorold
(iNduStrial leaSe) 2 Keefer Rd., St. Catharines – (+/-12,258 sf) - $7.00 psf net 27 Keefer Rd., St. Catharines – #2A – (+/- 4.044 sf) - $6.50 psf net 27 Keefer Rd., St. Catharines – #2B – (+/- 5,428 sf) - $6.50 psf net 188 Bunting Rd., St. Catharines – #6 – (+/-1,250 sf) -$7.50 psf net 188 Bunting Rd., St. Catharines – #8B-9B – (+/-2,500 sf) - $7.50 psf net 340A Lakeshore Rd., St. Catharines – (+/-31,311 sf) $6.00 psf net 15 Neilson Ave., St. Catharines – 15C – (+/-2,000 sf) $7.00 psf net
28
Well maintained industrial building available, situated on +/- 5.68 acres. Currently approx. +/- 15,000 sf lease to 2 tenants with expiry date of Dec. 2022 and Feb. 2024. New Quonset Building available for lease and also 2,700 sf office space with baseboard heat & window a/c. Large Open production area and sizeable gravel shared yard. Three drive in doors. Ceiling hgts. range from 16’ to 22’. 600V 3 phase. 7 ton crane available. Potential annual income $108,000. Offered at $1,600,000.00
Colliers International Niagara Ltd.,
Real Estate Brokerage 82 Lake Street, Suite 200, St. Catharines, ON L2R 5X4 www.collierscanada.com 905-354-7413 23 SEAPARK DRIVE, ST. CATHARINES
214 STONE CHURCH ROAD, KILLALOE
170 CHURCH STREET, ST. CATHARINES
+/-1,475 sq. ft. industrial/warehouse unit available in the eastern sector of the City. Fenced compound at rear of building. Water is charged on a percentage basis. Many permitted uses under E2 zoning. Shipping door can be installed. Offered at $12.00 psf gross Contact Mike Halliday, Sales Representative mike.halliday@colliers.com
The Homestead at Wolf Ridge is the newest 18-hole golf course in the Upper Ottawa Valley. Located on Highway 60, just west of Killaloe, the course is designated to make the most out of 220 acres of rolling farmland. The architect firm of RF Moote and Associates designed 18 superb holes and a driving range that is unrivaled by any other in the area. Offered at $1,485,000.00 Contact Dave Fulton & Mark Stevens, Sales Reps dave.fulton@colliers.com & mark.stevens@colliers.com
4 parcel mixed Use development property for sale in Downtown St. Catharines. Proposed plan for 60 units including +/-8,514 square feet of retail space. Excellent investment opportunity with many permitted uses. Offered at $1,600,000 Contact Greg Chew, Sales Representative greg.chew@colliers.com
133 HARTZEL ROAD, ST. CATHARINES
952 FOSS ROAD, PELHAM
80 MERIDIAN WAY, PELHAM
Stand alone 1,736 sf commercial building available on busy Hartzel Rd. Being sold as is where is. Former Veterinary Clinic. 8’ ceilings. Multiple exam rooms, front reception area. 3 man doors. Kitchenette & washroom. Ample parking with mutual drive. Offered at $375,000.00 Contact Ralph Roselli, Sales Representative ralph.roselli@colliers.com
PT TWP LT 25 MOUNTAIN, NIAGARA FALLS
+/-90.91 acre farm property with +/-7,448 sq. ft. 2-storey commercial building built 1986. Two 2nd floor apartments +/-1,500 sq. ft., +/-5,748 sq. ft. warehouse, +/-1,700 sq. ft. retail showroom. 17’4” clear ceiling height. +/-705 ft. frontage on Foss Road. Minutes to downtown Fenwick. Close to West Fonthill. Offered at $$1,950,000.00 Michael Halliday & David Fulton, Sales Reps mike.halliday@colliers.com dave.fulton@colliers.com
Zoning approval for 36 large luxury +/-1,500 sf units. Prime residential lot on main thoroughfare between Niagaraon-the-Lake and Niagara Falls. To the north, Mountain Rd. becomes the main artery into Niagara-on-the-Lake, and to the south, leads directly to Niagara Falls. 10 minutes to Casino Niagara, the Horseshoe Falls and the Rainbow Bridge US Border. 3 minutes to the QEW. Beautiful view overlooking the Eagle Valley Golf Club. Offered at $1,450,000.00 Greg Chew greg.chew@colliers.com
BROKERAGE APPRAISALS MANAGEMENT
+/-1.49 acres available for sale in developing east Fonthill. Full municipal services are available at Meridian Way. Development site for residential or mixed use commercial residential. Site plan approved for 10 storey apartment complex totalling 96 units. Very close proximity to Pelham Community Centre with twin pad ice rinks, Wellspring Niagara Cancer Centre. Offered at $2,188,000.00 Contact Ralph Roselli, Sales Representative ralph.roselli@colliers.com
114 HARTZEL ROAD, ST. CATHARINES
Stand alone 6,738 sf service related/automotive building available on busy Hartzel Rd. at the corner of Dunvegan Rd. Beautiful glassed front showroom with 21’ clear exposed ceiling. Men’s & women’s washrooms. Fully built out retail area, private offices, and vestibule Fenced compound area. Being sold in combination with 1 Dunvegan Rd. Offered at $1,800,000.00 Contact Ralph Roselli, Sales Representative, ralph.roselli@colliers.com
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“Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change without notice.” 29
SELLING REAL ESTATE FOR OVER 31 YEARS
Platinum Award Winner
Bill Morrison SALES REPRESENTATIVE
Direct:
905-619-9500
Toronto line: 416 798 7278 Email:
TORONTO • Investment Opportunity • 11 Unit Building • Great Location • Victoria Park/St Clair
Heritage Realty Inc., Brokerage Independently Owned and Operated
morrisonb@sutton.com BOWMANVILLE • In The Heart of Downtown Bowmanville • Amazing New Upscale Tavern • Run It Yourself Or Lease It Out • 4-1 Bedroom & 2- 2 Bedroom Apartments • Great Deal!
SCARBOROUGH
BOWMANVILLE
Prime Location Near Scarborough Town Centre. 8,000 SQ FT Building divided into 2 Auto Shop Business, Outside Storage, Older Home, All On 2 Acres With Room To Build. Minutes To Hwy 401.
Location Location, Fantastic Opportunity 41 Acres on Taunton Rd At The New Ramps Of Hwy 418. Beautiful Executive Home and Great Detail. Business Opportunity with Approved Zoning For Driving Range, Mini Golf And 2400 Sq for Shop & Restaurant. Ready To Be Developed And For Potential Future Estate Home Development.
NEWCASTLE
COURTICE
ATTENTION DEVELOPERS. Have over 3 acre Development site for towns or midrise Buildings. Fantastic location services.
41 Acres on the boarder of Oshawa and Courtice Close to downtown. Has an old farmhouse and barn with could be renovated or replace them with new home. Ideal property to land back to the future.
I URGENTLY NEED MORE PROPERTY TO SELL IN ALL AREAS, BUYERS ARE WAITING.
Call Bill Morrison to sell yours! FREE consultation call Bill 905-619-9500
30
H
A
M
I
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T
O
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Mazhar Roshan Sales Representative
905.929.9800 647.609.9463 905.574.6400
Direct GTA Direct Office
mazharroshan@sympatico.ca
HomeLife Professionals Realty Inc.
BROKERAGE
I have qualified buyers for up to $5M in commercial and investment buyers. Call for details.
18 ACRES OF LAND
53 ACRES OF LAND
LONG ESTABLISHED PIZZA STORE
Across from new proposed Hospital in Niagara Falls off exit #21 of QEW. Land has 1,900 Ft. frontage. Great potential for future development. Call Mazhar Roshan for more details.
Off exit # 21 QEW minutes away from new proposed hospital. Good for future development or investment. Land has 1,800 Ft. frontage on QEW. 2,400 ft on Marshall Road and 1,200 Ft. on Willodell Road. Currently leased to a farmer. For more details call Mazhar Roshan.
Short hours 3 pm - midnight. Doing over 30K monthly sales. Good for owner operator or small family. For more details please call Mazhar Roshan.
WELL ESTABLISHED HIGH VOLUME CANADA POST FRANCHISE BUSINESS AVAILABLE FOR SALE
BURLINGTON FOR LEASE
M
OT
R J IV ED UST AT UC ED ED SE LL ER
!
HAMILTON
Long established variety and laundromat business. Store sale $22,000 per month. Lottery income $3,600 per month. Nevada $300 atm $300 per month. Laundromat income $9000/mth. 20 Washer and 15 dryers (few newer) alterations and dry cleaning drop off. Very reasonable rent. Long lease. Do not go direct please call lbo for more details
For more inquiries please call Mazhar Roshan at 905 929 9800
2000 Sq. Ft. on lower level for storage.
CONVENIENCE STORE Long established very busy real money making convenience store, owner retiring after 25+ years, on bus route close to shopping, highway and all amenities. Store sales are over $40,000 per month good margin of profit, lotto income $4,000 per month, ATM income $750 per month, rent $3,900 per month, short hours 8 am to 9 pm, long lease available, good for big family, go direct but do not talk to employees. For more details call Mazhar Roshan at 905-929-9800. Asking price is $169,900.
RETIREMENT COMMUNITY
9 WOODBURY – HAMILTON
2145 KING ST – HAMILTON
Price includes 2 buildings, 2 bedroom house, retail, convenience store, with w/in cooler, catering take out business, lottery, ATM, and much much more. Lots of potential, retiring couple, good for home and work, retirement community.
5000 sq ft part of Industrial Building Available for lease in low tax Brant County. The building features 14x14 drive-in shipping doors as well as fenced rear yard & M3 outside storage. One min from Hwy 403 interchange. Lot size provides ample parking. good for light manufacturing, warehouse, distribution & storage. Huge two-level office with fully equipped board room lunchroom and washroom.
Fully occupied mixed use property in hamilton’s rosedale area. Includes 3 commercial units and 5 residential units with a net income of over $60k. For more details please call lbo. Buyer or buyer’s agent to verify all numbers. 31
Invest with Scott and earn passive income while you sleep! Investing in District REIT allows you to own a portfolio of
Commercial & Multi-Residential properties, without the hassles of real estate management. Targeted Total Annual Return
11-13% Scott McGillivray Real Estate Expert, HGTV personality & District REIT Partner
District Property Trust is a proud partner with Scott McGillivray & the McGillivray Group.
1.833.308.REIT
DistrictREIT.ca This advertisement does not constitute an offer of, or solicitation for, the purchase and sale of any securities. Investment in District REIT is open to qualifying investors only under District REIT’s offering memorandum. District REIT’s offering memorandum contains additional disclosure regarding the Targeted Total Annual Return and related risk factors. Any interested investor will be referred to a registered exempt market dealer.