western investor november 2011 section b

6 SURREY LEADS“TOP 10 TOWNS”Our first annual ranking of the best in the West

$ 4 . 2 9 N O V E M B E R 2 0 1 1 V o l . 2 6 / I s s u e 1 1INTERIOR B.C. • ALBERTA • SASKATCHEWAN • MANITOBA SECTION

11 STRIPS SEEN AS STRATA PLAY Savvy Alberta realtor turns stores into condos

17 COCHRANEKICKS ITS SPURS Historic cowboy town gallops into a big-box, fast-paced future on Calgary’s western edge

Phoo

: Ju

HIS

dy G

r

▲

Surrey Mayor Dianne Watts reflects can-do attitude in Western Canada’s top town for real estate investors

PUBLICATIONS MAIL AGREEMENT 40069240

RETURN UNDELIVERABLE CANADIAN ADDRESSES TO CIRCULATION DEPARTMENT:

102 EAST 4TH AVENUE, VANCOUVER, B.C. V5T 1G2

Calgary Office#1, 6204 - 6A Street SE, Calgary, AB T2H 2B7 • Phone: (403) 214-2344 FAX: (403) 214-0244

BUILT ON THE POWER OF OUR NETWORK. OVER 355 OFFICES WORLDWIDE.

LAND FOR SALE- 2 Acre Multi Residential Site - Calgary Region

- 2.53 acre industrial zoned land in west Calgary

Shane OlinTel: (403) 708-9086

[email protected]

www.naicalgary.com

CONDITIONALLY SOLD154 Bowness Centre NW

Calgary, Alberta• 16,200 sf retail building• $1,800,000 ($111 psf)• +/- 1 acre of land


[email protected]

Gene SarmagaTel: (403) 826-5636

[email protected]

SOUTHEASTERN ALBERTA• N.O.I. in excess of $725,000• Full Service including Conference / Wedding facilities• Well Flagged• 42 Rooms with room and plans for expansion• Two lounges• High VLT count• Net Rental Income as well• Priced to Sell!

5 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!

Contact: Jim BalfourTel: (403) 291-8860

[email protected]

Contact: Tim AndersonTel: (403) 291-8866

[email protected][email protected]

Jim CourtneyTel: (403) 291-8873

[email protected]

BOOK & GIFT STORE FOR SALE• N.O.I. $260,00 / year• Long Term Lease• Ideal for Owner / Operator• High traffic location in a major city in Alberta

PRIME BAY SPACE FOR LEASE4303 - 9th Street SE, Calgary, AB

• 2,500 - 9,300 +/- sf• Available: Immediately

CONDITIONALLY SOLD4110 - 79 Street NW

Calgary, Alberta

•10,250 sf Office building

SOLDBower Plaza

Red Deer, Alberta

• 50,000 sf Prime Retail Shopping Centre


[email protected]

CANMORE DEVELOPMENT

• 20 Unit townhouse project

• 50% complete, at "Lock Up" stage

• Asking $6,200,000

BOWER PLAZARED DEER, ALBERTA

WESTMOUNTOKOTOKS, ALBERTA

4337 MACLEOD TRAIL SCALGARY, ALBERTA


[email protected]

PRIME RETAIL SPACEFOR LEASE

800 - 10,000 sq. ft.

CONDITIONALLY SOLD

R E C R E A T I O N A L R E A L E S T A T ER E CR E CE C R E AR E AR E A T I OT I OI N A LN A LN A L R ER ER E A LA LA L E S TE S TE S T A T EA T EA T EHOT PROPERTIESSPECIAL SECTION • B14

B2 Interior British Columbia www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

Colliers InternationalCentre GroupCommercial RealtyKelowna, B.C.250.763.2300

www.colliers.com/kelowna

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

996 LAVAL CRESCENT, KAMLOOPS

List Price: $1,895,000

MERRITT DEVELOPMENT

LARRY GOOD (Kamloops)

For Sale $3.6M for both assets

THEATRE PORTFOLIO, (PENTICTON / KELOWNA)


264 LOUGHEED ROAD, KELOWNA


MULTI TENANT INDUSTRIAL, PENTICTON


OFFICE BUILDING,PENTICTON

JEFF HUDSON* & MARSHALL MCANERNEY* *PERSONAL REAL ESTATE CORP. www.bcip.ca

PRINCETON INDUSTRIAL ESTATES

MIKE GEDDES

FOR SALE

JACK SHABBITS & ERIC WEBER*

COMMERCIAL BUILDING, SUMMERLAND

MEGHAN O’MARA

TOWER RANCH GOLF RESORTMULTI FAMILY DEVELOPMENT

Reduced from $22,500,000 to $14,500,000

CHAD BIAFORE & MARSHALL MCANERNEY** PERSONAL REAL ESTATE CORP.

CENTRAL BC FLAGGED MOTEL

$1,995,000

OKANAGAN MOTEL

$1,989,000

POPULAR HOPE MOTEL

$998,000

GROCERY STORE

$499,000

LIQUOR STORE AND PUB

$1,595,000

WEST KOOTENAY PUB

$399,000

REVELSTOKE, BC

$3,750,000

NELSON, BC

$1,499,000

HIGHWAY 16 MOTEL

$395,000

PRINCETON

$998,000

CLINTON STARTER

$295,000

HOUSTON, BC

$2,950,000 For BOTH!

To view photos on these and other opportunities visit our website www.syberrealty.com

:eciffO 250-862-8100 Fax: 250-984-0803

MOTEL, HOTEL & BUSINESS CONSULTANTS MEMBER of the Canadian I.C. & I Council

201-1449 St . Paul St., Kelowna, B.C. V1Y 2E5

Syd Berisoff Agent/Broker

[email protected]

Larry BerisoffAssociate Broker

[email protected]

Jody [email protected]

#100-1553 Harvey Ave., Kelowna, BC V1Y 6G1

MBM MARINA IN SICAMOUS, BC. Potential 100 room hotel. Prominently located at the North end of the channel between Mara & Shuswap Lakes (Sicamous Narrows. Recently consolidated to include 2.04 acres with 320 linear ft of waterfront. Deep moorage on the north flowing channel. Also included is a .24 acre parcel NE of the waterfront oriented section, across Young Cresc. to be utilized in conjunction with marina operations. Previously Offered at $11,500,000 – Now $6,500,000 MLS®

SUPPORT YOUR BUSINESS that requires an open retail bay, boardroom, offices and bonus mezzanine. Footprint 3,324 sq. ft. and 1,415 sq. ft. mezzanine. Prominent location on busy Leckie Rd. Asking: $4,000 per month + Cam, Taxes + HST MLS®

PRICE REDUCTION! VISIBLE FLAT SITE - TRANS CANADA 4 km’s West of Revelstoke. Previous use was a wood mill. Lots of potential uses – Industrial or rezone to the “Perfect Campground or Helicopter Site”. Seller Says “Sell It” Asking: $499,900 MLS®

A VERY RARE OFFERING in the Cedar Avenue Land Use Area. OCP delineates Commercial C-4 or C9 zoning. This revenue producing two storey “Inn” under a B & B License incorporates 2 separate kitchens, 8 bedrooms, 5 bathrooms with 3 full living areas in the +/- 3, 887 S.F. of Living area. 21’ above ground pool & 8 man hot tub accentuate the lakefront lifestyle across from a future park/beach/lake access in a convenient walk to everything in the South Pandosy corridor. REALTOR®. Asking: $1,650,000 + HST MLS®

GREAT LOCATION IN THE PANDOSY CORRIDOR - TO BE BUILT ! Priced individually - New Strata Commercial/Residential Mix building. Commercial bays on 1st & 2nd floors. Unit 1 (main floor) - priced at $475,755 for 1,378 sq.ft. Unit 2 (2nd floor) $1,216,499 for 3,307 sq ft. 3rd floor Penthouse - residential priced at $834,640 1,834 sq ft & $711,450 1,581 sq ft each. Design changes may alter floor plate. All measurements to be verified by survey. The building can be purchased for $3,000,000 net usable 8,100 sq. ft. Call Ken or Kris for details.

COMMERCIAL BUILDINGS KETTLE VALLEY AREA Join in the professional and retail mix in the ever expanding Kettle Valley area in the only commercial buildings currently available. Great size & layout for various retail or professional. 2 units have improvements & one is in a shell state ready for your leasehold improvements. Located in the same building as Kettle Valley Grill, daycare centre, coffee shop, chiropractor, etc. Call for unit sizes. Asking: $1,000 - $1,888 pm plus NNN + HST MLS®

PRICE REDUCED! BUILDING AND LAND FOR SALE at Reid’s Corner - Commercial Strata. Building approximately 4,212 sq ft. Current zoning C7 – Commercial Mixed use. Easy access from Hwy 97N and close to Kelowna’s International Airport. This property is also available for Lease. Asking: $550,000 or Lease at $11.00 psf plus NNN + HST MLS®

HERE'S YOUR INVESTMENT OPPORTUNITY! 4 units, each with 2 bedrooms and 2 baths with full unfinished basement. One unit with finished basement space. All with separate laundry, 2 parking stalls. The kids can walk to school, sports complex and the bus route is close by. Lots of amenities in the area! Contact realtor for income information. Asking: $699,000 MLS®

FOR LEASE OFFICE OR RETAIL SPACE Recently combined into approximately 1,990 sq ft of main floor Office or Retail Space on St. Paul. Central downtown location, close to shopping restaurants and bus service. Available For Lease: $2,239 plus Tnet and HST MLS®

PRIME DEVELOPMENT SITES – WINFIELD TOWN CENTRE FULLY SERVICED AND

READY TO BUILD3.83 ac. Commercial Site

New Price: $3,999,000 2.67 ac. Senior Housing Site

& Home Office New Price: $2,399,000

Both Sites 6.5 Acres – New Price $5,999,000 MLS®

(Plus DLC – Latecomer Charges)

6 0 4 - 6 6 9 - 8 5 0 0 o r 1 - 8 0 0 - 6 6 1 - 6 9 8 8 f a x : 6 0 4 - 6 6 9 - 2 1 5 4 i n f o @ we s t e r n i n ve s t o r. c o m w w w. w e s t e r n i n v e s t o r . c o m 1 0 2 E a s t 4 t h A v e n u e , Va n c o u v e r , B . C . V 5 T 1 G 2

2–13

16–27

27–30

31

HOT PROPERTIESFEATURES6

Western Investor picks best in the West for real estate

11 Edmonton realtor says selling retail space beats leasing

17 Big-box backers eye 105 acres as prime power centre

Download a PDF of all our Regional Roundups online at www.westerninvestor.com

COLUMNS23 29 30 31

On the coverSurrey Mayor Dianne Watts: leads a can-do city named top town for real estate investors in Western Canada. Photo: Laura Ballance Group


OKANAGAN – B .C . INTER IOR I N V E S T M E N T O P P O R T U N I T I E S

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

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

FORECLOSURE SALEINDUSTRIAL BUILDING – SUMMERLAND

Asking Price $1,650,000

FORECLOSURE SALE - FORMER GOLF COURSE

NORTH OKANAGAN SELF STORAGE


CHRISTINA LAKE RV PARK/CAMPGROUND

$100,000 Price Reduction – New Asking Price $699,000

FIRST TIME ON THE MARKET IN OVER 20 YEARS!


SOLD

PRIME FARM-HOLDING LAND - OSOYOOS


PREMIUM STORAGE YOU OWN! GARAGETOWN - VERNON Premium Storage with a difference- YOU OWN IT! - 47 fully customizable units. 20x48, 24x48 and larger w/14’ overhead doors plus a drive-through model. Ideal for RVS, boats, collectors, retail and business overflow. Level 3 acre site w/quick access to all major routes. Fully furnished Owners Lounge! Offering preconstruction incentives from $125,900 MLS®

CARWASH – WILLIAMS LAKEProfitable and well maintained! Great Family operation or for absentee owner. ½ acre lot, 3 high pressure truck and 3 medium pressure car bays, new detailing business. $949,000 MLS®TOURIST COMMERCIAL ON OKANAGAN LAKE .23 level acre across from public beach! Older home with long term tenant. $650,000 MLS®RETAIL/WAREHOUSE WITH SUITE 10,800 sq.ft - flexible use. High visibility on main commercial road across from Mall. Tenant would like to stay. Great holding property. $1,199,000 MLS®

TRANSCANADA HIGHWAY FRONTAGE1.8 acres with 500’ frontage. Previously operated as Gas station, store, restaurant, launderette. Includes rental suite and 5 unit mobile home park. Main store built in 2003/ Sold As is Where is. Opportunity! Close to Sicamous, BC. $515,000 MLS®

NURSERY/HORSE SET-UPIn heart of Coldstream Valley! Turn key operation! Steady Growth! Equipment, automated greenhouse, vehicles, comfortable home with suite, office. 20 prime irrigated acres w/ set upfor horses. $1,600,000 MLS®

FORMER PACKING HOUSE OFFERS 38,000 SQ.FT.Warehouse can be cooled or heated. Off street semi-trailer, staff parking. Extremely solid. Zoning supports brewing/distilling, commercial, retail, care center, apartment and more. Downtown location. $1,949,000 MLS®

SERVICE COMMERCIAL DEVELOPMENT SITEIdeal for end user or subdivision. Fully serviced area w/access from 2 or 3 roads. Zoning allows for 10,800 sq.ft +. Multiple uses including residential above main floor. $5,750,000 MLS®IDEAL FOR WATER BASED BUSINESS.51 level acre zoned I1 Light Industrial. 18’ x 30’ shop and 3 bdrm house. Located between downtown and yacht club/boat launch. Next to airport. Rare Find! $688,000 MLS®

OKANAGAN RANCH681 acre Ranch (or potential development) 20 minutes from Kelowna International Airport & City of Vernon. Adjacent to world class Predator Ridge Golf Course and Sparkling Hills International Resort. Rolling, open and treed land w/some stunning Kalamalka Lake views. 180 acres out of ALR. $6,495,000 MLS®

BUSINESS - RECREATION VEHICLE SALESThriving, profitable, long established business! Sales of new & used, service department, rentals, accessories sales. High profile location. Sellers will negotiate lease for land and buildings. $499,000 MLS®

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

Fax: [email protected]

5603 27 St., Vernon, BC V1T 8Z5

PRISCILLA & CO.Re/Max Vernon

VERNON & AREATRADES CONSIDERED ON SELECT PROPERTIES

DEVELOPMENTAL LAND AND

GOLF COURSE FOR SALEIN THE BEAUTIFUL

BC INTERIOR

162 Acres 9-Hole Golf Course Club House Residence Trades Considered

BEST-WEST REALTY LTD.250.554.4511

Dwight Vos250.371.7992

Tracy Mackenzie250.318.2938

[email protected]

604-669-85001-800-661-6988

Join thousands of real estate investors and professionals who read the Western Investor’s market overviews, news, and features to help them guide their investment dollars into profitable properties and businesses. Plus, you’ll find

all kinds of opportunities for sale – all in one place – from across Western Canada.

Pick up your copy at your local newsstand or subscribe and we’ll mail it right to your door.

Check out our media kit on-line at westerninvestor.com for more information or call us at 604-669-8500.

Advertising deadlines are mid-month for the next month’s issue.

Call Christine at the

marketing your franchise?

1-800-661-6988 (604) [email protected]

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com Interior B.C./Business Opportunities B5

For more information contact:

ROSS PRIEST (Owners’ Consultant)

(250) [email protected]

One of Southeast BC’s Most Successful Family Owned & Operated Dining In & Catering

Will Sell Building as an option6500 Sq Ft Modern Building

East Kootenay, BCFAMILY RESTAURANT

BUSINESS

FOR SALE $1,200,000

COLDWELL BANKER COMMERCIAL WORLDWIDE

1ST TRAIL REAL ESTATE LTD.

(250) 231-5222 (CELL)

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

LARGE CONSTRUCTION PROJECTS UNDERWAY IN OUR AREAC-STORE, GAS BAR,

LIQUOR STORE, POST OFFICE

Reduced to $749,000

18,000 SQ. FT. DISTRIBUTION OR

MANUFACTURING CENTRE NICELY LOCATED WITH ADEQUATE PARKING AND FENCED STORAGE

AREA $750,000

FORMER SCHOOL

3 LUXURY SUITES UPPER LEVEL, SIGNIFICANT RESIDENTIAL REDEVELOPMENT POTENTIAL, LOG FURNITURE COMPANY USES LOWER LEVEL, ZONED C10A $2,750,000

30 UNIT APARTMENT GREAT LOCATION

NICE SHAPEPRIME RIVER VIEW LOCATION, BUS STOP IN FRONT, MAINLY

SENIORS, ALWAYS FULL

$1,650,000

52 UNIT APARTMENT COMPLEX

28 UNITS STRATA TITLED

PRICE $2,995,000

HOTEL, LIQUOR STORE, RESTAURANT $549,000

COURT ORDER SALE

BLOCK MOTELNINE UNIT & MOBILE HOME

REDUCED TO $695,000

DEVELOPMENT PROPERTY $669,000

TIME & PLACE5 ACRES 5800 SQ. FT. BUILDING CURRENTLY RESTAURANT & PUB

CHRISTINA LAKE $489,000

EUROPEAN BAKERY

HIGH VOLUME OWNER RETIRING,

WILL STAY ON AND TRAIN$300,000

100 ACRES

LARGE INDUSTRIAL SITEMAJOR POWER LINE

MAJOR GAS LINE POTENTIAL COGEN SITE

$750,000

PROPOSED

24 LOT DUPLEX SUBDIVISION 4TH

STAGE OF EXISTING SENIOR HOUSING DEV.

$888,8004000 Sq. Ft. plus 2500 Sq. Ft. building now leased. $4,000 per month triple net.

MILANO PIZZA & CHICKEN TAKE OUT $169,000

Excellent Volume. Vendors will train.

INTERNATIONAL SCHOOLOVER 50,000 SQ. FT. PROPERTY

Price Reduction

KELOWNA & OKANAGAN ACREAGES www.davidjurome.com

DAVID JUROME 250-862-1888

10 ACRES ELLISON - Very private parcel on quiet cul-de-sac. Incredible lake & valley views. Driveways cut into 2 secluded building sites. Backs crown land for access to trails. No HST $389,000 MLS® 10029052

6.8 ACRES OKANAGAN LAKE – with 292 ft of lakeshore. Located across the lake from Peachland near Rattlesnake Island & Squally Point. Boat access only. Next to Provincial Park. $545,000 MLS® 10029987

10.3 ACRES KELOWNA - Gentle slope, south exposure. Good for horses. Approx 4200 sq ft home with 4 bedrooms, 3 dens and triple garage. Exceptional value! No HST $639,000 MLS® 10033615

149 ACRES KELOWNA – 15 minute drive east of Kelowna Hwy 33. Very private with Mission Creek frontage. 3 bedroom cabin. Very mature timber stand. Next to Crown Land. No HST $695,000 MLS® 10021439

15.8 ACRES LAKE COUNTRY – Spectacular lake & valley views! Perfect spot to build your estate dream home. Building sites with easy access. 5 minute walk to lake & public beach. $699,000 MLS® 10027808

9.8 ACRES ELLISON – Spectacular valley views! Custom built Quad Lock Concrete home with 4,176 sq ft & 2 car garage + detached 28 x 42 ft workshop + 2 bedroom rental home. $1,190,000 MLS® 10026652

20 ACRES S.E. KELOWNA – Flat hay land. Large barn with workshop + 2 bedroom suite, mobile home & cabin. Artesian well + water rights. Perfect spot to build estate home. $1,275,000 MLS® 10018056

160 ACRES OYAMA – Panoramic views of Kalamalka Lake. Oyama Shale Rock quarry for pink granite rock. Seller will consider trades & may carry financing. Open to Offers $1,450,000 MLS® 10024190

19 ACRES S.E. KELOWNA – Flat hay land. Main home 3,227 sq ft, 3 bedrooms + den, 2 fireplaces, 2 car garage. Modular home 2,000 sq ft, 3 bedrooms + den + 2 car detached garage. $1,750,000 MLS® 10018678

18 ACRES MISSION CREEK – 1,500 ft frontage on Mission Creek. 3,000 sq ft main residence, mobile home, duplex generating income, artesian well and water rights on Mission Creek. $1,895,000 MLS® 10022369

287 ACRES VERNON - Panoramic views of Lake and valley. Private with rolling hills and flat benches. Near Predator Ridge. Seller may consider trades or carry financing. $4,900,000 MLS® 10019393

49 ACRES S.E. KELOWNA – Panoramic lake and city views. Gentle slope SW exposure. Ideal for Estate winery. Planted to apple & cherry crops. Home is 5 bedrooms, 3.5 baths, 3,500 sq ft. $5,700,000 MLS® 10028787

Managing Broker, Vernon

250 503-8033

22 Acres on 1200’ of Shuswap River - Spring Water Business & RV Park Development Potential & Hobby Farm with Huge Workshop! South Mabel Lake $849,900

LOUGHEED

15 Cabins, Campsites & RV sites, Gorgeous Residence with store, Boats/Motors - Everything you need to make the move into a great new lifestyle! $1,699,900

Oyama Lake Fishing Resort

Operating Guest Ranch & Hobby Farm on 78 Ac with 2 titles and subdivision potential - Heritage Log Home lodge with residence South Mabel Lake $799,900

JODI

Owner will Consider partial TRADE!

B6 www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

COVER Western Investor’s first annual pick of the top 10 towns for western Canadian real estate investors

WI STAFF

WESTERN INVESTOR

When Mayor Dianne Watts opened Surreys’ $36 million City Centre library in September, it underscored what may be the smartest town for real estate investing in Western Canada. Just days earlier, Ivanhoe Cambridge had announced a $220 million expansion of its Guildford Town Centre mall.

The 77,000-square-foot library forms a key part of the giant Central City complex in Canada’s 12th-largest city, the second biggest in British Columbia. The centre includes a new city hall, a new campus for Simon Fraser University and the Central City shopping mall. Close by is the sprawling new headquarters of the RCMP, the largest joint federal gov-ernment/private-sector project in the Pacific Region.

The expansion of the Surrey Memorial Hospital, with a satellite campus for the University of BC, part of a $239 million care and surgery centre, is another link in the out-standing infrastructure in the fastest-growing city in B.C.

Surrey attracts 1,000 new residents every month, which convinced giant developer Concord Pacific to launch a five-tower mas-ter-planned community of 3,000 homes in the heart of Surrey’s once-troubled Whalley area. More new homes were started in Surrey this year than in Vancouver, and Surrey accounts for one-third of all detached housing starts in B.C.’s Lower Mainland. Yet, at an average price of $569,000 for houses and $222,370 for condos, Surrey homes are half the price as in the City of Vancouver.

NAIOP, the Commercial Real Estate Association based in Vancouver, recently praised Surrey for both its tax incentives and its action against red tape, including its new

mobile reporting for building inspections and an “e-business” system that allows develop-ers to check project status, engineering reports and inspections online. These are among the reasons why Surrey accounts for half of all the office construction in Metro Vancouver this year and has the region’s second-highest inventory of industrial real estate.

With oil prices flirting with five-year highs and an influx of new workers and families, Calgary takes second spot among our top 10 towns in the West.

The action is seen on the streets, where Oxford Properties, the real estate arm of the Canadian pension plan, has announced plans for a 25-storey downtown office tower. “As we look around the markets globally we believe Calgary is in our top five list of places to invest and re-invest,” said Dave Routledge, Oxford’s vice-president of real estate management.

Calgary’s downtown class A office vacancy has plunged to 4.5 per cent from 12.5 per cent in 2010, according to commercial real estate firm CB Richard Ellis Ltd.

Meanwhile, Calgary’s industrial market is surging. With the vacancy rate in the 5 per cent range, more than 2 million square feet were leased up in the first half of 2011 alone. Out near the airport, WAM Developments is completing one of the largest industrial plays in Western Canada, with 1,100 acres and plans for 10 million square feet of space.

Calgary’s housing market has also shaken off the slump, with a rush of new condo towers underway and the resale market posting an 8.25 per cent increase in sales to September. The average house price is $466,000.

Alberta’s largest city is also a magnet for immigrants and those moving from other provinces. Last year 12,000 people moved into Calgary and, since 2004, the city accounted for 36 per cent of all Alberta immigration.

There is nothing like consumer confidence to drive a city’s performance and resource-friendly Saskatoon is a prime example. This year Saskatoon is forecast to lead the nation with retail sales growth of 6 per cent for the second year in a row.

Saskatoon’s retail boom is the result of the overall growth the province has been expe-riencing, with 10,000 new jobs expected in Saskatchewan this year. Over the past three years, Saskatoon has averaged a net migration growth rate of 2.7 per cent.

In the last four years alone, Saskatoon has also added more than 1.8 million square feet of retail space.

“This shows national and regional retailers are continuing to view Saskatoon as a viable retail market,” said Keith Webb, vice-presi-dent at Colliers Saskatoon.

Saskatoon also has Canada’s tightest indus-trial vacancy rate, at 2.7 per cent, with an acre of industrial land selling for around $400,000. The city’s office vacancy rate is 6.6 per cent, but much tighter for prime space downtown.

Meanwhile, the residential vacancy rate is3.4 per cent, considered relatively healthy, andthe average house price is around $335,000, just slightly above the national average.

The 2008-09 recession that quaked B.C.’sCentral Okanagan left confident Kelownastirred but not shaken. Now the city of nearly 100,000 is getting ready to reclaim its standingas one of the hottest real estate and investmentmarkets in Western Canada.

Evidence is seen downtown where seven buildings were taken down for the construc-tion of the $25 million mixed-use SoPa proj-ect by local developer Edgar Fenwick. SoPa,which started in the midst of the downturn, hasalready leased out all of its block-long ground-floor retail, which will open in 2013. Above theretail are 96 residential condominiums cappedby large luxury penthouses, priced from $1.2million to $1.3 million, and selling fast.

The Chartered Accountants of BC fore-casts a recovery that began in 2010 is gainingtraction right across the Kelowna region. Its

Surrey Mayor Dianne Watts, right, at the announcement of the $230 million Guildford Town Centre mall expansion.

Phot

o: C

oast

Rea

lty

Grou

p

Phot

o: I

vanh

oe C

ambr

idge

GARY BOWKERBUS. (250) 763-4343TOLL FREE [email protected]©10033852

9 UNITAPARTMENT BUILDING

K E L O W N A , B C

FOR SALE➢ Located on Harvey Avenue (Hwy. 97) in Downtown Kelowna

➢ Re-development Site. OCP Supports Higher Use

➢ New Boiler Last Year, Newer Roof

$915,000

KAMLOOPS, BC & AREAClearwater, BC – Mobile Home Park land. 15

acres plus 2.7 acres commercial, fronts on

highway. Super buy ! $279,000

Kamloops – 18,000 sq ft warehouse for lease.

7.00 per sq ft plus triple net. Has refrigeration,

loading docks. Close to city centre.

Clearwater, BC – Chinese restaurant land,

building, ¼ acre lot, equipment, liquor license, 4

bedroom suite. $274,900

Barriere, BC – 5 unit mini mall plus full basement,

hwy frontage, plus vacant lot to expand $399,900

Kamloops – Telecommunications business for

sale. Owner retiring after 14 successful years

selling, installing & repairing telephone & voice

mail systems, data wiring, fiber optic cable in-

stalls. $175,000

Kamloops– New office retail building to be built.

3414 sq ft ideal professional office in busy resi-

dential sub div. $2668 plus triple net lease

Kamloops – City centre main street, retail

space for lease. 946 sq ft. $1202 per month

plus HST & a portion of taxes.

Kamloops – Busy city centre 180-seat restaurant.

Owner wants to retire. $500,000 for business or $1,700,000 for business, building & land

Call MARVIN [email protected]

www.realestatekamloops.ca

PENTICTONLUXURY MOUNTAIN TOP HOME ON 2 ACRES

BEAUTIFUL VIEWS OF SKAHA AND OKANAGAN LAKE

$1,999,000

PENTICTONLAKEFRONT PENTHOUSE WITH MOUNTAIN VIEWS

AVAILABLE IMMEDIATELY

1 BDRM + DENNEW PRICE $479,000

OSOYOOS10 INCOME PRODUCING

LAKEFRONT RV LOTS

$1,250,000 + HST

monarkinvestments.caPlease visit our website or call for more details.

604-592-7250Financing Available. Potential Trades.

FOR SALE

PENTICTONLAKEFRONT PENTHOUSE AMAZING VIEWS OF OKANAGAN LAKE & AVAILABLE IMMEDIATELY

2 BDRM + DENNEW PRICE $1,499,000

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com B7

DWIGHT VOSphone: (250) 554-4511

toll free: 1-866-456-0577 BEST-WEST REALTY LTD. KAMLOOPS

email: [email protected]

BUSINESS AND INVESTMENT OPPORTUNITIES

– Suitable for investor or owner/operator. Includes land & buildings.

– 130 acres, with highway and railroad access. Reduced to $995,000

Interior 162 Acres Deluxe Residence - Club House etc. Offers to

– 2 Tenants – 8.5% Cap $450,000

– 3 Tenants - Well Established

– Future Highrise expansion

– Hwy Frontage – Secure Yard

COMMERCIAL BUILDINGS

www.mcmrealestate.ca

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

635 Victoria Street#101 - 1121 12th Street 429 Tranquille Road

$259,900$925,000

$899,000

KAMLOOPS, BC FOR SALE14 apartment condominiums to be built to complete the 38-unit Valley Vista on a two-acre sloping property. Excellent view of Shuswap Lake from one side, forest on the other. One-bedroom, 600 sq. ft., two four-plexes and a six-plex. Some suites are level entry. Can be rented. Quiet pets welcome. Modulars built by SRI Homes in Kelowna. Foundations are ready and waiting for the two four-plexes. All services and driveways are in.

SALMON ARM, B.C.Reduced to $600,000

SALLY SCALES [email protected] or 250-832-4831

report found the economy rebounded last year with the addition of 9,200 new jobs. The local job-growth rate of 3.7 per cent is leading the entire province.

Government has helped to put a base under Kelowna’s construction economy, with close to $12 billion in institutional projects going ahead this year.

Kelowna has 3,000 acres of land either zoned or set aside for industrial use under the official community plan and it may all be needed as this Okanagan powerhouse fires up.

A resurgent oil and gas sector is pushing demand for industrial space in Central Alberta’s heartland and spurring commercial and mixed-use residential development. Industrial is the trump card, with the vacan-cy rate now at a tight 3.7 per cent and as low as zero per cent in two popular business centres, including the Riverside Heavy Industrial Park, says a study by Soderquist Appraisals Ltd.The study found just 177 vacant land parcels for industrial in a city with 11.5 million square feet of leased space. Fully serviced industrial land is selling for around $270,000 per acre.

Retail growth is also seen in this transport-centric city. This year will see retail expan-sion in the northeast sector with Melcor Developments Ltd.’s Clearview Market Square that will eventually see 263,000 square feet of new commercial space on a 22-acre site.

Qualico Developments is starting construc-tion on Southpointe Junction, 350,000 square feet of retail development immediately west of Qualico’s existing Southpointe Common proj-ect. New retail space is leasing in the $22-to-$25-per-square-foot range.

The average sale price of a Red Deer house is around $300,000 and sales are up 10 per cent from 2010.

Fort McMurray, the anchor city for the north-ern Alberta boom centre of Wood Buffalo, has just signed a new land deal with the province that will see enough room for industrial, com-mercial and residential development for up to

200,000 residents.Ear l i e r th i s year Paci f ic

Investments and Developmentpaid $35 million for 980 acres in Fort Mac, all of it deemed for industrial and commercial land. Meanwhile, the Regional Municipality of Wood Buffalo is selling serviced industrial land for more than $1 mil-lion per acre.

Add in the highest housing prices in Alberta, a tight rental vacancy rate and a new surge in oilfields invest-ments, and Fort McMurray will be a leading centre for real estate invest-ment for years to come.

The second-largest city in Manitoba, Brandon’s economy is anchored on the Maple Leaf Foods plant that employs 2,200 and has attracted workers from around the world. But it is a new pro-business attitude in the city of nearly 50,000 that makes it a good real estate play.

New Mayor Shari Dector Hirst has pledged to cut red tape and lead a downtown revival to draw 1,000 more people to the core.

Last year, housing sales hit an all-time high of $230 million, yet the apartment rental vacancy rate is 1 per cent, tied as the lowest in Western Canada.

Construction is booming this year, much of it government related, with a new CancerCare Manitoba facility, the second-largest YMCAin Canada and a new $13 million police sta-tion.

When Prince George was named the No. 1 city in Western North America for cost competi-tiveness in 2010 it didn’t surprise many in this northern B.C. city that is riding a resurgence of investment yet still has some of the cheapest real estate in the province. Prince George is at the crossroads of the world’s two most powerful economies and is the biggest and best-equipped city between the Alberta oilfields and the Asian continent.

Prince George is where the airport has been expanded to land the biggest cargo plans on the planet; from where rail lines and highways radi-ate to the ports of Prince Rupert, the northern coal fields, new gold mines – and into the heart of the United States. It is the northern hub for the recovery in B.C.’s forest industry, which is feeding an apparently insatiable demand from Asia for dimensional lumber.

The $917 million Mt. Milligan mine north-west of Prince George is under development as the first major mine in B.C. in 15 years. The Dome Mountain mine project is also re-open-ing. Proposed northern mine projects represent $9 billion in capital investment, and Prince George is the centre of the action.

At 5.7 per cent, the city has an unemployment rate 3 per cent lower than the B.C. average. The typical detached house price is $261,000, up 6 per cent from 2010 and far below the provincial average of nearly $590,000.

We include the Comox Valley – made up ofComox, Courtenay and Cumberland – on thelist because of its potential as the economic centre for mid- and north Vancouver Island. “The Comox Valley represents the most afford-able land prices in B.C.,” said John Evans,president of Trilogy Corp., who has launchedTrilogy’s 719-acre Cayet development a tCumberland. The plan calls for a huge shop-ping centre, offices, casinos, institutional space and more than 1,000 homes.

Costco Wholesale also opened this year with a 146,000-square-foot store and Thrifty Foodswill lead a major commercial development ona 12-acre parcel in east Courtenay.

The rental vacancy rate in the Comox Valleyis under 2 per cent and investors can find stillcondos for under $120,000.

One drawback to developers in the valley isvery high development cost charges (DCCs).The DCCs for industrial development in the Comox average $114,912 per acre and are north of $59,000 per acre in Courtenay. InCumberland, the industrial DCC is $49,923 per serviced acre.

With a population of more than 100,000 andcovering 122 square miles in B.C.’s FraserValley, Langley Township is one of the top commercial and residential investment centres in Western Canada.

Right now, Qualico is completing the $58 million, 148,000-square-foot Willoughby Shopping Centre first phase, with future plansfor about 1,000 homes across the 20-acre site.A new BMW dealer has just opened in a giantauto business park, where office space sellsfrom $400 per square foot.

The first park-and-ride transit station is nowunder construction for Vancouver-bound com-muters, and the housing market is the strongest in the Fraser Valley. In September, detached house sales in Langley shot up 51 per cent froma year earlier, and average house prices rose 9per cent to $566,700.

So far this year, 761 new homes have startedin Langley Township, up 30 per cent from a year earlier.◆

Shane Styles of Bucci Developments with new condo project in No. 2 rated Calgary.

Phot

o: K

evin

Uda

hl


Each office is independently owned and operated.


The HEIDI LUSSIReal Estate Team

DeutscheBeratung

Heidi Lussi Personal Real Estate Corporation

RE/MAX Vernon5603 – 27th Street,Vernon, BC V1T 8Z5 +HST

MLS® Call us today for all your real estate needs!

Toll Free: 1-800-667-2040Bus: 250-503-3487Email: [email protected]

HeidiLussi.com

LIVE, WORK & PLAY IN THE BEAUTIFUL NORTH OKANAGAN

O K A N A G A N O P P O RT U N I T I E S

Cell: 250-864-9140 Toll: 1-800-367-3339 [email protected] www.timdown.caRE/MAX Kelowna Westside

Court Ordered SalesInvestment PropertiesAcreages

Tim Down

"Professionalism You Can Trust"

R E V E L S T O K E B.C.Commercial Building & Land $999,900

TODD ARTHURS 250-837-5121 [email protected] Realty www.revelstoke-realty.com

Incredible valley views, sunny location, all under-ground services, zoned R-2. Location fi ts all. Close to downtown 2 blocks to school and great highway access close by. Generous size lots range from .016 to .080 acres. Choose your own builder or be the builder.HST applicable.Call LS for package. 6 LOTS FOR $475,000

BUILDER/DEVELOPER SPECIALOverlooking

Keremeos sits this new

community K-View Estates.

K-VIEW ESTATES

keremeoslots.com

JOHN GREEN KARRIE WILTSE250-492-2266

www.teamgreen.ca Penticton Realty

Attention

Agents:

REACHQUALIFIED

BUYERSFOR YOURLISTINGS

call Gary Takahashitoll-free: 1-800-661-6988

tel: (604) 669-8500 or fax: (604) 669-2154

[email protected]

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com Interior British Columbia B9

BE COMFORTABLE OWNING THE RISK.

THE WAY JASON WORKS:

JASON MCLEANPresident and CEO, McLean Group of Companies

BUSINESS BANKING IS ABOUT A SHARED PERSPECTIVE.At Canadian Western Bank, we see the world the same way as our customers. As a result, we take the time to understand your industry and provide banking solutions suited to your business needs. Discover insights and learn more at theworkingbank.ca.


Lance Coulson604 662 5141 | [email protected]

Michael Deighton604 662 5156 | [email protected]

Do you have a

Reach potential buyers with money to spend. Western Investor readers have higher than average household income and a real interest in real estate.

Advertise your listings in our special

feature

• Limited spaces • 4-colour ads• Special rates

[email protected]

Recreational Real EstateADVERTISING FEATURE:

[email protected]

604-669-85001-800-661-6988

$42 could make you millions!

SUBSCRIPTIONRATES

❏ One Year ..................$42

❏ Two years ................$75

❏ Three years ............$105

Bill my: ❏ Visa ❏ American Express

❏ MasterCard❏ Cheque enclosed

Tax included

FAX

BA

CK T

O 6

04-6

69-2

154

Name

Title

Company

Address

City Prov Postal code

Phone Fax E-mail

Credit Card No. Expiry Signature

Western Investor readers tell us:

■"I think you have a fantastic news and information paper. Keep it up."

■"I am looking for a business and I read it cover to cover. It keeps me up to date on what's for sale and I also pick up some tips in every issue. Keep up the good work."

■"We purchase the paper every month and haven't found the right thing yet, but your paper is an asset to us in our search."

■"The Western Investor is the best commercial real estate paper out there."

■"I like the cross-section of information in the paper. it informs (me) about all loca-tions. I like to see vacancy rates and the cap rates on industrial property. I like to read the legal consequences articles. I have been a reader for 15 years."

■"It’s easy to go through. It is straightfor-ward."


f it can work in residential, why not in retail? That was the question that an Edmonton realtor and entrepreneur

wanted to find the answer to.In Alberta’s capital city, small fortunes have

been made buying old apartment buildings, converting them to condominiums and then selling the suites to investors and even to for-mer tenants.

Ed Deprato thought a similar strategy would work for retail strip malls in a city where the retail vacancy rate is a tight 2.4 per cent and is expected to fall even further this year. In regional malls, the vacancy rate is already at 1.1 per cent, according to a mid-year survey by Cushman & Wakefield.

Deprato’s idea was to purchase an existing small shopping centre and then sell the bays, rather than lease them out. The concept is fairly rare in Alberta: it is known as “strata commer-cial” in B.C. or “separate title commercial” in Alberta.

“Right now, the best investment in Edmonton is small commercial buildings in B locations and strip malls with a cap rate of from 6 per cent to 8 per cent,” Deprato told Western Investor. Plus, he noted, “You don’t have the expenses or hassles associated with resi-dential rentals.”

Most retail tenants, he explained, sign up for five-year leases or longer and they, not the landlord, are responsible for finishing the space to their own use.

Deprato’s idea: buy an existing strip mall in a good location with solid “mom and pop”-type tenants and then sell the retail bays to the exist-ing tenants or investors.

He found an ideal small mall, the 17-bay Edmonton Home Fair in northwest Edmonton on a major street, where the $14.4 million pur-chase price penciled out.

When Deprato received a pledge for $10 million in financing from the Federal Business Development Bank (FBDB), he signed on to buy the mall, putting up $250,000 of his own cash.

A few weeks later, after Deprato had sold a number of the storefronts, the FBDB financing fell through when management at the lender changed.

“I was dead in the water,” he said. Not one to give up, Deprato then worked out a take-back mortgage with the mall’s Vancouver-based vendor.

“I paid $100,000 in interest for $10 million,” he said, “but it was worth it.”

Now, with 15 of the 17 retail bays sold at from $215 to $315 per square foot, most of the debt is paid off and Deprato and his investors stand to make a $3 million profit.

Some realtors doubt, though, that there is deep demand from smaller investors in the commer-cial strata market, because the high prices for

commercial proper-ty make it difficult to achieve positive cash flow.

As well, unlike a residential unit, it can take months,

not days, to lease out an office or retail space if a tenant vacates, especially if it is unique space, such as bank branch. As Deprato noted: “The banks always leave the vaults, which are expensive to remove.”

Also, financing for strata commercial can be difficult to access. Lenders often require a down payment of from 30 per cent to 40 per cent. On a $500,000 commercial strata, for example, an investor would have to put about $150,000

FEATURE Edmonton retail entrepreneur takes a cue from the condo conversion craze with retail format

FRANK O’BRIEN

WESTERN INVESTOR

“Right now, the best invest-ment in Edmonton is small commercial buildings.”

down, and also pay for an appraisal, building inspections, loan fees and other costs.

There are also tax issues to consider, which offer an edge to leases. Businesses routinely can deduct the full amount they pay in rent. Owners of rental property can write off repairs immediately, but improvements to commercial real estate have to be deducted over a number of years, the same with depreciation on commercial build-ings. The buyer can deduct interest on the pur-chase loan, property taxes and other qualifying expenses, however.

Buy as one leasing agent put it: “It is hard to make money buying at $300 to $500 a foot and renting for $25 a foot.”

Most large retail developers see commercial

space as providing steady, long-term income from leases, not the quick cash of strata sales, which will likely keep strata sales a nicheopportunity for small investors in strip centres and small regional malls, analysts say.

There are very good reasons why there is not a lot of strata commer-cial space available according to Matt Walker, senior associate at Avison Young in Vancouver, who has recently sold 50,000 square feet of high-end office space in Vancouver to a group of doctors.

“There is not a deep market of buyers,” Walker said. Most retailtenants, he said, like the flexibilityoffered by leasing and “would rath-er spend the money on their busi-ness than on bricks and mortar.”

Also, Walker said, a cost analy-sis of buying versus renting often favours leasing, even with the potential of equity returns. “The net rent is less under a lease than buying,” he said.

Still Deprato says his experience is evidence that investors can make money with commercial stratas, and he noted some tenants of his mall bought their space when the oppor-tunity arose.

And increase it will, according to Avison Young, which notes that the Alberta capital is among the leaders in retail sales in Canada: “The low unemployment rate in the city, at 5.5per cent, means that consumers have moneyto spend.”

Following his success with the EdmontonHome Fair strip mall, Deprato said he is noweyeing the purchase of another small retail cen-tre in south Edmonton: a five-bay centre listedat $4 million.

His advice to retail investors: stay away from downtown Edmonton and look at high-traffic locations in the suburbs, where capitalization rates above 7 per cent are normal.◆

Ed Deprato: selling rather than leasing retail space makes sense, and money.

Phot

o: D

epra

to &

Ass

ocia

tes

DONE DEALSNew! Done Deals editorial feature will highlight deal fl ow in Western Canada.

Show the market what is moving and who is moving it. The monthly report will highlight major (basically 50K square feet or more; or land deals of $2 million or more) commercial real estate transactions that have closed within the last 30-45 days in Western Canada.

www.westerninvestor.com 1-800-661-6988

Please send us the following information:

• What was sold or leased?

• Who was the vendor (if possible)?

• Who was the buyer/tenant?

• If the name of the buyer is confi dential, please tell what type of buyer (i.e., REIT, institutional, local investor, foreign investor, owner/builder)

• Who was the listing agent/agency?

• What was the selling price?

Please forward this information directly to: Frank O’Brien, Western Investor Editor at [email protected].

FRANK O'BRIEN Editor

B12 Northern British Columbia www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

RE/MAX Centre City Realty

Each offi ce is independently owned and operated

GEORGE Weinand 250-960-9556

KEN Goss 250-565-7653

— Your PRINCE GEORGE Commercial Professionals —

The Endako HotelHistoric Endako Hotel fully renovated 9 guest rooms plus large management suite. Updated bar & grill. Profi table and located in the centre of Northern B.C.’s resource activity.

2977 Ferry Ave.FOR SALE - 0.8 Acres on corner of Ferry Ave. & Ospika Blvd. C-6 zoning.

www.pgcommercial.ca

THINK REAL ESTATE...The Best Investment on Earth

4350 Handlen Rd – ‘Court Ordered Sale’5,525 sq ft concrete block building on .99 Acres. Zoned C-6.

Lot #1 Atwood Rd.LAND FOR SALE – Proposed new subdivision. 17 – 4 Acre+ high quality rural residential lots. 78.8 Acres total. Within 14km of the Westgate Shopping Plaza.

'Grower Direct'BUSINESS FOR SALE – High volume franchise fl ower shop.

1440 – 2nd Ave.Extremely well maintained quality 5,386 sq ft OFFICE building. Vacant possession 2012.

5083 & 5111 Domano Blvd.FOR LEASE – Prime College Heights RETAIL/OFFICE space. Visually desirable location. Net Lease.

9368 Milwaukee WayFOR SALE - 31,640 sq ft major fabricating/manufacturing facility (28’ ceilings). Located on 3.74 Acres, fenced yard, cranes, quality offi ces.

9543 & 9565 Anzac Cres.LAND FOR SALE – 1.88 Acres. Zoned M-2. Industrial lots, cleared, level & serviced.

1921 Upland St.FOR SALE – Exceptional 12 unit apartment building. Good location, well maintained property. 8% Cap Rate.

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

1108 Boundary Rd.FOR SALE & LEASE - 9,000 sq ft cement block building on 2 Acres, fenced compound. Building has been renovated & updated. Land has been graded for proper drainage. 3-phase power.

9543 & 9565 Anzac Cres.FOR SALE - 1.88 Acres. Zoned M-2. Industrial lots, cleared, level & serviced.

Westwood Dr.FOR LEASE – Prime RETAIL & professional OFFICE space. High traffi c area, visual exposure, parking and much more. Net Lease.

REDUCED

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com Northern British Columbia B13

NORTHEAST BC REALTY Ltd. Phone 250 785 4115

“Investing Our Energy In The North”

Located at 10220 101 Avenue Fort St John BC V1J 2B5 www.NEBCRealty.com F: 250 785 4120

RON RODGERS - OWNER / MANAGING BROKER Email: [email protected]

FOR SALE DEVELOPMENT PROPERTY FORMER CARE HOME POUCE COUPE BC

17,000+sf on main floor plus 10,000+sf developed basementon 2.9+ acres.

Comprehensive Development (CD1) zoning would allow fordevelopment of health services facility, hotel, private school,

office, mixed commercial/retail, seniors housing, multifamily dwelling and more.

The property is located next to a senior’s long term facility and a commercial mix of retail, lodging and service station. The building is estimatedto have been built in 1967 with additions and remodeling occurring in the late 80’s. The current design is specific for a care home with 23

rooms, large solarium with gas fireplace, housekeeping/admin space on main floor and admin, commercial style kitchen, maintenance, boilerroom, storage, partial walk out basement.

Call Ron to arrange all viewings. This property is being sold in ‘as is’ condition.

ASKING $799,500 MLS® N4505060

#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. and is also for sale.

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.

#131706 - INVESTOR ALERT! New condo asking $219,000 leased out to an oilfield company for $2.500 month. This 2 bedroom with den unit comes with 6 ap-pliances and is furnished, total of 1856 sq ft with full unfinished basement.

#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

#129593: COMMERCIAL BUILDING WITH BEER AND WINE STORE for sale (gross sales of $2,000,000). Great location in Dawson Creek, also 40 apartments, bar/restaurant area and commercial space. Asking $3,500,000. Call for more info.

L A N D

#129635: RESIDENTIAL DEVELOPMENT LANDS, one parcel of 25 acres on the north west edge of Dawson Creek for sale, superb location for residential homes, the timing is right as we need more residential lots for our busy market place. Asking $625,000

#129877: ONE ACRE OF MULTIPLE RESIDENTIAL LAND suitable for 37 unit apartment or condo complex. Across from the hospital in a prime residential area of Dawson Creek. $179,000

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

WILL BUILD TO SUIT - AIRPORT ONE ACRE LOTSDeveloper has 3 one acre lots in a row at the airport with highway frontage...will build a 5000 - 7,000 sq, ft. pre-engineered steel shop, provide a graveled and fenced yard with a 5 year lease starting at $ 14.00 per sq. ft. for the shell. Also willing to build and sell to ten-ant. One lot now leased and sold. Only 2 left!

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

#127441: 80 ACRES OF INDUSTRIAL LAND with highway frontage, railway tracks, water and sewer in the City of Dawson Creek. Asking $31,250 per acre

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

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

TOM MORAN [email protected]

LLOYD SMITH [email protected]

#129952 - FOR SALE OR LEASE Multi purpose building with 2 units now leased leaving 11,000 sq ft. available. Upgrades include updated roof and furnacesAsking price is just $397,000

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

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

#130029 RETAIL STOREFRONT on 102nd Ave. for sale, 3500 sq. ft on a corner location, paved parking, good visibility can be used for offi ce, retail, or your own small business. Owner will consider leasing as well. Reduced to $119,000 as is

#130010 - WELDING / MACHINE SHOP for sale Includes 12’ door, 13’ ceilings, 3 phase power, 23o Volt/400 amp service. Gravel yard, 100 sq. ft. offi ce with shower & bathroom. Fire hydrant, 2 overhead cranes. $220,000

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

#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. In-cludes 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.

#130083 - Prime location on Alaska Ave. in Dawson Creek - close to all retail and downtown and still on main artery through the City. Total of 17,000 sq. ft. of new space and can be divided into whatever you need. Popular new restaurant now open, lots of parking.

Cluculz LakePrince George, BC

Elaine Kienzle250 563-8769

www.elainekienzle.com

Ideal for rec/res developmentZoned for subdivision - not in the ALR

Easy access from Hwy 16 W & East Bay Rd

26 acres, 2 titles, approx 1450’ of lakefront $295,00055 acres, 3 titles, approx 1650’ of lakefront $495,000

Remax Action Realty 1991 [email protected]

[email protected] Toll Free : 1-888-785-5520

FORT. ST. JOHN

The Power Of Partnership!

KATHY MILLERCURTIS ROBINSONPERSONAL REAL ESTATE CORPORATION

4717 - 51 St., ChetwyndFully occupied w/consisted ROI to the owner. Contains

established businesses & a fully furnished 2 bdrm apart. Torch on roof in 1999 & new fi re system in Jan. 2011.

$1,200,000 - MLS# N4504915

INVESTMENT GEM!

10123 - 100th StreetA prime downtown location, right on 100th Street, just under

2500 square feet divided into 2 separate retail spaces, both sides currently leased $299,900

MLS# N4504949

LOCATION, LOCATION!

7000 sf building offers 1000 sf of offi ce/reception & 6000 sf of shop space ,4-16’ O/H doors & 1-14’ O/H door, 17’ ceiling, 200 amp service, just under 1 acre of land. $869,000 - MLS# N4504751

A RARE FIND!10433 - 269 Rd

OPPORTUNITY KNOCKING!

8224 - 93rd Street1050 sq ft of offi ce w/hardwood fl oors. Front reception & display

area & the shop with 3 bays, 1 is drive through/wash bay. Radiant heat, mezzanine area, 14’ overhead doors. Fenced compound all on city services. $879,000 - MLS# N4504836

Currently Leased at $3,000/mo gross. 3200 sq. ft. building with 4 offi ces, 2 baths + 2 bay shop

$329,900 - MLS# N4504196

INVESTORS ALERT!10016 - 106th Street

SHOP IN CITY LIMITS!

10215 - Beaver Rd2835 square ft shop is heated & insulated, 2 - 12 foot doors. Only a few blocks to Alaska

Highway, NO city services. C3 zoning, 0.894 of an acre $235,000 - MLS# N4504755

[email protected] 250-613-9018

15 minutes to Downtown10 minutes to UNBC80 acres including road allowances

Recreational Trails15 Individual Titles$9,600 per acre

Prince George, BC

Willmann Road

Subject Property80 acres, 15 titles

Future Road

Country in the City – Cranbrook Hill

235 ACRES DEVELOPMENT LAND

ENERGY REALTY

Located in the thriving northern community of

Fort St John, BC. Can be sold in smaller parcels. Great highway exposure. Bordering city with flexible zoning options from Commercial/Industrial to Multi-Residential and more.

KEVIN PEARSON [email protected]

1-800-661-6988

www.westerninvestor.com

B14 Recreational Real Estate HOT PROPERTIES www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.

Gerri Saunders (250) 632-2107 (250) 632-6638

Info/video available at www.realestatesmithers.com

LEO LUBBERS Cell 250-847-1292 Offi ce 250-847-5999 Fax 250-847-9039 Email: [email protected]

Bulkley Valley

$290,000

N E W W A T E R F R O N T D E V E L O P M E N T on the BULKLEY RIVER

Priced to sell at $835,000!

Country Estate with a beautifully crafted spacious 4000 sq.ft.log home on 3.6 of an acre.

Priced to sell at $835,000!MLS # 323950 at www.realtor.ca

or contact Brett Hall at 250 465 0060.

Comox ValleyYOUR RETREAT IN THE BEAUTIFUL

Comox Valley

For more information go to:

We have $180,000 equity in this Osoyoos lakeview serviced land.

Need mortgage paid out only!

Call eves (250) 497 5689 or [email protected]

DIVORCE FIRE SALE

espite a real estate market at rock-bottom prices, the U.S. doesn’t always draw Canadians looking to

invest in a second or vacation home, and a big reason is the better chance of apprecia-tion in B.C.

In Tofino, for instance, prices dropped only by a few percentage points since 2008, and are now, characteristically, climbing again.

“You could buy [an oceanfront] lot for $35,000 in ’74,” said Thomas Olsen, who has been visiting the west coast of Vancouver Island for decades. “Now, the same lot would go for $2 million.” And he sees future potential.

Olsen, of Moss Development, is building the Shore, a mixed-use, concrete-and-steel Tofino waterfront property with 24 luxury residential and seven commercial units. It is expected to complete with a 6,400-square-foot multi-use restaurant and marina by the spring of 2012.

The Shore started in 2004 as Olsen’s mas-ter’s in business thesis on the best options for development of an old BC Packers plant on the site where the Shore now stands. Olsen saw the potential for a residential project, although at the time he was just looking at the options for a second home for himself, not developing it as recreational real estate. He soon saw the value of building what he calls second homes, rather than vacation properties.

“A second home will be bigger and have more amenities like closet space,” he explained.

Olsen connected with Eleven-Eleven archi-tects Mark Burkart and Walker McKinley.

They went through years of negotiations with changing city councils, mayors and city plan-ners and consulted with First Nations groups, the Department of Fisheries and several archaeologists before proceeding with con-struction.

According to Olsen, approximately $12 mil-lion worth of real estate sells in Tofino annu-ally. In the first batch of pre-sales in 2007, the Shore brought in $15 million. Of that amount, Olsen closed on all but two sales, he said.

Despite the success, Olsen admits he misread the market.

“We were originally targeting an older buyer – in the 55-plus range, empty nesters,” he said. “The majority of purchasers are 35 to 45.”

Chris and Gerry McNalley of Calgary were two of the early buyers. The McNalleys bought a 900-square-foot, one-bedroom after

RECREATION FEATURE Rock-bottom U.S. real estate fails to draw some recreational buyers out of B.C.

BAILA LAZARUS

WESTERN INVESTOR

looking at detached homes in Arizona. “We did consider buying in the States and looked in the Phoenix area but decided against it, preferring somewhere where we could have many var-ied activities,” said McNalley. “The Shore is both a vacation home and a second home and we spend as much time there as possible year-round.”

The Shore includes 24 water-view residential suites. The six units still available range from an 862-square-foot one-bedroom for $525,000 to a 1,953-square-foot two-bed, two-bath pent-house for $1.39 million. Additionally, there are seven street-front strata commercial units, of

(ABOVE) A new dockside facility will include a restaurant, marina, fitness

centre and watercraft storage. (RIGHT) Overlooking Clayoquot Sound, every

Shore suite has a large patio.

Phot

os: M

oss

Deve

lopm

ent

which three are sold.The development will offer a dockside res-

taurant and multi-purpose facility that includes a fitness area and storage for kayaks, surfboardsand other watercraft. A new marina will have 32 new boat slips, according to Olsen.◆

Homebuyers and investors have spo-ken and approved the waterfront

Watermark at Sechelt condominium proj-ect on the Sunshine Coast.

Developer Ian Porter said construction started in October after buyers bought up 40 per cent of the homes, above what Porter needed in pre-sales to secure financing for the project.

Final delivery of suites in phase 1 is expected for December 2012, Porter said. With 104 residential suites ranging in size from 649 to 1,977 square feet, the suites are priced from $368 per square foot, con-sidered near the top of the local market.

“We appreciate very much the support we have received from the community for this project,” Porter said. “While the construction stage will provide a mean-ingful boost to the local economy, it will hopefully act as a catalyst for further eco-nomic growth and development.”

Some locals had doubts the Watermark would reach the critical mass needed to proceed. Housing sales on the Sunshine Coast dropped by 10 per cent in the first eight months of this year, compared with 2010, and the typical MLS housing price remains down 4.4 per cent from three years ago, according to the Real Estate Board of Greater Vancouver.

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com Recreational Real Estate HOT PROPERTIES B15

“The Source” for Oceanfront, Lakefront, Islands, Ranches, Resorts & Land in BC at:

www.landquest.comLandQuest Realty Corp Smithers

LandQuest Realty Corp CourtenayLandQuest Realty Corp Nanaimo

LandQuest Realty Corp Cariboo –

10 ACRES ON LITTLE GOOSE LAKE, ANAHIM LAKE, BC

$385,000

2 LAKEFRONT CABINSNAKUSP, BC

$189,000

AGAMEMNON CHANNELNELSON ISLAND

RECREATIONAL WATERFRONT LOTSBURNS LAKE - NORTHWEST BC

BABINE NORLAKES STEELHEAD CAMP

FISHING CHARTER/RESTAURANT/PUB BC’S QUEEN CHARLOTTE ISLANDS

PUB AND STEAKHOUSE QUESNEL, BC

$999,950

$1,600,000 $450,000 $1,390,000

67 ACRES WATERFRONT RETREAT

$725,000

NORWOOD RANCHCOURTENAY

$995,000

$1,295,000

$649,000

$274,900

10.43 ACRES NELSON, BC

PARKLANDS AT DENMAN ISLAND COURT ORDERED SALE

$225,000

$3,750,000 $519,000

JERVIS INLET 1939 HERITAGE BOUTIQUE HOTEL - POWELL RIVER, BC

FRASER VALLEYHOBBY FARM

$729,000

WEST COAST VANCOUVER ISLAND OCEANFRONT

$549,000

LAKEFRONT LOT BLOW OUTKOOTENAY LAKE VILLAGE

$269,000

PEACEFUL 1 BEDROOM CABIN HAGENSBORG (BELLA COOLA)

$159,500

150 MILE HOUSE RANCHER ON PRIVATE ACREAGE

BRIDGE LAKE WATERFRONT

DEVELOPMENT ACREAGE35 KM TO NELSON

$35,000$1,295,000

LOG HOME AND ACREAGE TA TA CREEK

PORT BROWNING MARINA RESORTSOUTHERN GULF ISLANDS

$4,800,000 $298,000

153 ACRESSLOCAN, BC

NEW PRICES - THE POINTDENMAN ISLAND

1-855-267-2591

1-855-267-2591

REDUCED

FRASER VALLEY ACREAGE SALMON RIVER, LANGLEY

$849,900

$325,000

B16 Alberta www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

INVESTMENT OPPORTUNITIES FROM BARCLAY STREET REAL ESTATE

CAPITALIZEON EXPERIENCE

EDMONTON OFFICE 202, 2520 Ellwood DriveEdmonton, AB T6X 0A9 p: 780 463 3332

CALGARY OFFICE Suite 200, 407 – 8th Avenue SWCalgary, AB T2P 1E5 p: 403 290 0178 f: 403 262 1314

SOLUTIONSCOMMERCIAL REAL ESTATE Property

Management Office, Retail, Industrial

SALES AND LEASINGLand, Investment

SALES

WWW.BARCLAYSTREET.COM

566

QEIIMcDonald

Lake

WAGONWHEEL

INDUSTRIAL

DISTRIBUTION FACILITY

FOR SALE± 160 ACRE SITE

High Plains Industrial, AlbertaDEVELOPMENT LAND

For more information or to view, please contact:

DOUG [email protected]

p: 780-463-3332 p: 403-815-0283

mile south of Highway 566. Located within minutes of the Cross-Iron Mills

is paved and runs along the west boundary of the land.

Industrial development area immediately north of the new Target Distribution centre.

FOR SALE11817 22 ST. WEST Saskatoon, Saskatchewan


EARL ADELMAN [email protected]

DAVID [email protected]

This 30-suite, multi-family apartment

transportation routes and is within close

St. Paul’s Hospital and numerous banks, grocery stores and retail outlets. The building has been renovated from top to bottom.

30-SUITE BUILDING

FOR SALE35,381 SQ. FT., SITE - 1.23 ACRES4043 Brandon Street SE, Calgary, Alberta

INDUSTRIAL/FOOD PROCESSING FACILITY


processing area (140 ton)

on-site

VersaCold storage facility

GREG [email protected] f: 403-262-1314

PRICEREDUCED

FOR SALE53,233 SQ. FT., SITE - 3.62 ACRES4211 13A Street SE, Calgary, Alberta

INDUSTRIAL/FOOD PROCESSING FACILITY


cooling storage, refrigerated processing area (64 ton)

on-site

GREG [email protected] f: 403-262-1314

PRICEREDUCED

566

QEII

WAGONWHEEL

INDUSTRIAL

FOR SALE± 160 ACRE SITEDEVELOPMENT

LAND


DOUG [email protected]

p: 780-463-3332 p: 403-815-0283

264.

Structure Plan. Described within the

transition to residential in a series of orderly, planned, properly serviced, and market driven stages.”

Township Road 264


Paintearth Economic Partnership SocietyThe Power of the Future is Here Today

edmonton

reddeer

calgary northbound

fortmcmurray

36

CROWFOOTCROSSING INDUSTRIAL PARK

• 77 ACRES of PRIME Industrial Lots• FULLY Serviced• CENTRALLY Located on the ONLY designated High/

Wide Load Corridor from the US to the Oilsands!• LOTS designed to suit your needs• STARTING at $70,000/Acre

WHY PAY THOUSANDS PER ACRE MORE?SAVE $$$ and still reap the rewards of being in the

heart of oil country!

Contact us today to find out how we can assist in expanding your business in the County of Paintearth

403-882-3211 or1-888-882-3156

[email protected]

Crowfoot Crossing- Remembering Our Past, Building Our Future • www.crowfootcrossing-countypaintearth.ca

REGIONAL ROUNDUP 110-acre redevelopment spurs historic town into a fast-paced, big-boxed future

Please see New business page B18

DAVE HUSDAL

WESTERN INVESTOR

ne might forgive Cochrane officials these days if it feels like they’re working on a massive jigsaw puz-

zle.That’s because the western-themed com-

munity of about 16,000 residents 20 kilome-tres northwest of Calgary is looking at major changes ahead. While some of those changes are centred on ongoing new residential devel-opments like those in a handful of Calgary bedroom communities, Cochrane’s focus is arguably more on its core these days – specifi-cally its historic downtown and the develop-ment/redevelopment potential to the immediate south.

The centrepiece of that redevelopment potential is known as the Domtar site, which occupies about 110 acres of land south of the CP Rail main line that slices through the heart of this community along the Bow River.

Domtar used to produce treated rail ties for CP Rail right in Cochrane. Now the site, which is under the control of Edmonton-based Springwood Land Corp., is almost ready for redevelopment.

“They expect to be finished with the reme-diation later this fall, and then the report has to go to Alberta Environment for approval before any development can start,” explained Laurie Drukier, a communications adviser for the Town of Cochrane. While the winter won’t be a busy time for infrastructure work on the project, planning officials will continue to work with Springwood on a concept for the site, with subdivision plans and development applications likely in the months ahead.

It’s widely believed Wal-Mart will anchor the site, in part because Springwood has been developing Wal-Mart-centred projects in Western Canada’s secondary markets for more than a decade.

After a lengthy debate back in 2007, the town opened its arms to big-box stores at the Domtar site. While the town’s downtown area redevelopment plan has a provision limiting box stores to roughly 50,000 square feet, town council specifically addressed the Domtar site with a land-use bylaw amendment that allows a store as large as 200,000 square feet only on that site. That’s large enough for a Wal-Mart super-centre, if the retail giant is so inclined.

Complicating redevelopment to the south of the historic downtown area are plans for rede-velopment of the Highway 1A corridor on the north edge of downtown.

Alberta Transportation has included twin-ning and reconstruction of 4.7 kilometres of the highway in its three-year plan, but has yet to award contracts of the project. The highway is the main traffic artery connecting Calgary and Cochrane (it becomes Crowchild Trail in the city), and it carries thousands of commuters to and from the community each day.

That means it provides not only a way for retail dollars to leave the community, but also a way for Calgarians to head west on a Saturday or Sunday afternoon. Greater retail develop-ment in Cochrane is seen not only as some-thing that might keep more Cochrane residents shopping locally, but also as a potential draw for small businesses in the historic section of downtown.

Just when the $13.1 million highway twin-ning work starts will influence how the town

redevelops connections to the highway and the Domtar site, notes Drukier.

Factor in a busy railway line that must be crossed, and the province’s plans to twin the north-south Highway 22 bridge over the rail line, and you have no shortage of variables to work around.

Another one is the town’s own financial war chest, which isn’t exceedingly flush, thanks in part to a commercial tax base that hasn’t grown much with Cochrane. It makes up only 13.1 per cent of the base.

While the town envisions $129 million in major capital projects in the next 10 years, the timing of those projects might best be described as flexible. It hasn’t identified firm start dates for the planned $29 million aquatic centre, a $22 million arts centre, a $15 million RCMPstation or a $17 million bridge over the Bow River. The last item would provide alternative access to various planned or existing residential

subdivisions high above the town centre on the south side of the Bow.

The only bridge spanning the Bow now ison Highway 22, making in-town commutes achallenge at times.

Cochrane officials understand transportationis a big issue – both within the sprawling com-munity and between Cochrane and Calgary.

To that end, the town’s 10-year financial plan also envisions $27 million in capital spendingfor transit, something that has raised more than a few eyebrows locally. While the province has committed up to $6.1 million in GreenTRIPtransit funding for Cochrane buses, a transit ter-minal and maintenance facility, the grant cashamounts to less than one-quarter of what the town might spend.

For now, just how to phase in transit remainsto be decided. But some type of system is expected to push forward sooner or later.

(TOP) Cochrane’s western-themed down-town: lifting ban on big-box stores could affect local business. (LEFT) “Men of vision” statue overlooking Cochrane Ranch Historic Site symbolizes the town’s past and signals a new vision for its future.

Phot

os: T

own

of C

ochr

ane


Commercial,Industrial& ResidentialFinancing

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

Obtaining Mortgages and Loans can be made Easy &

Simple!Contact:

Frank Hickey

• A Superb 103 Room Limited Service Hotel, featuring a number of unique features, no differed maintenance, plus excellent curb appeal and exposure, well located in a region of tremendous economic diversity that should provide a significant degree of operational upside going forward. Asking $13,200,000.

• A Flagged 90 Room Limited Service Hotel with main artery exposure in a bustling city, excellent revenues and occupancies. Priced to Sell at $12,900,000.

• A Flagged 95 Room Limited Service Hotel consisting of a variety of suites, well located with highway exposure and surrounded by a substantial number of conveniences, continued superb revenue performances that yield substantial N.O.I. that ultimately result in excellent return on equity and investment. Asking $13,900,000.

• A Flagged Full Service Hotel, well located with highway exposure in a very diverse economic area, attested to by its continuously strong revenue performances; further, it currently has exceptionally good mortgage financing that may be assumed. The up-side potential of an investment is this Hotel is very good. Asking $29,000,000.

• 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 $4,900,000.

• 4.6 Acres of Vacant Prime Commercial Land available for immediate Development in a most sought after location with main artery exposure and very high daily vehicle traffic count, priced for immediate sale at an asking price of $4,100,000.

• 148.41 ACRES (more or less) with highway exposure, ideally suited for imminent development. An excellent by at $2,999,000.

• Located in a very popular Ski Resort A New Deluxe 2 - Bedroom Condo consisting of 2 - bathrooms, fireplace, cable among the 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 $330,900 more or less, at the Asking Price of $499,000.

CURRENT OFFERINGS

VIS

IT O

UR

WEB

SIT

E AT

: ww

w.c

alga

ryla

nd.n

et

EAST CALGARY - 84 ST. SE98 Acres near Stoney Trail

$15.6 Million

ROCKY MOUNTAIN HOUSE Golf Course, Campground and Development Land. 303 Acres,

Zoned Recreational$3.79 Million

ROCKY VIEW 160 Acres on Country Hills Boulevard

$5.6 Million

EAST CALGARY - 17TH AVE SE 160 Acres near Stoney Trail

$20 Million

EAST CALGARY - 84 St. NE 160 Acres near Stoney Trail

$32 Million

EAST CALGARY - 17 Ave SE 13.52 Acres Stoney Trail Frontage

$6.76 Million

CHESTERMERE- SIERRA VISTA

Single & Multi Family, Retail, Golf Course, Area Structure Plan.

5-7 Units Per Acre 53 Acres - $6.9 Million

88 Acres - $10.2 Million140 Acres - $18.2 Million160 Acres - $20.7 Million

KEVIN MOORE(403) 617-2846

4 St. NEoney Trai

RY ear StoM

Acres ne$32

160 oney Trailillion

from B17Noted Cochrane communications manager

Emily Cargan: “It’s not a question of if we’re going to have transit. It’s a question of when.”

One of Cochrane’s suburban rivals, Airdrie, already has a transit system to go with a grow-ing industrial base.

The latter makes people like longtime local realtor Deborah MacIsaac just a little envious. MacIsaac, a Cochrane booster, laments how much-larger Airdrie has scooped up businesses that simply can’t find affordable and needed industrial land in Cochrane. What is available comes with a price tag of more than $1 million per serviced acre, according to MacIsaac. The few industrial buildings that are available lease for as much as $16 per square foot.

“We just don’t have industrial in this town,” said MacIsaac. As for the price of industrial land, she offers an observation that might sur-prise some.

“We’ve always been higher than Calgary for the 15 years that I’ve been doing commer-cial.”

MacIsaac says there would be fewer com-muters (almost 30 per cent of the population works outside town) if there were more avail-able and affordable parcels on which to locate industrial shops in Cochrane.

Cochrane’s tax rate for non-commercial assessment is comparable to those for Airdrie and surrounding Rocky View County, and

a little over half of Calgary’s rate. While it’s higher than the comparable Canmore rate, the reality is you get more land, building and house in Cochrane than you do for the same dollar in Canmore to the west.

Entrepreneurs looking to set up shop in Cochrane can expect to spend $25 to $28 per square foot, plus common costs, for new com-mercial retail space, said MacIsaac, with older downtown properties priced closer to $15 per square foot annually.

Cochrane’s average single-family house price is in the $425,000 range, and condos with $10,000 in credits toward adventure gear and member-ships can be had for less than $200,000.

Certainly there’s demand for new homes in Cochrane, though MacIsaac notes the number of resale listings is higher these days, with roughly 260 on the local market in August.

Building permit totals hit $93.7 million for 2009, then reached $101.4 million in 2010. That figure included almost $52 million in new single-family homes and $14.5 million in the multi-family sector.

Total permits for 2011 amounted to $56 mil-lion for the first eight months of the current year, with only $1.05 million in commercial and industrial permits going through as the community faces a lull.

That’s evident not only in the development sector, but downtown, says MacIsaac.

“I see [lease] deals being cut to keep people in there right now, just because of the economy.

It’s very flat out there right now.”On the upside, MacIssac, who first lamented

big-box development in Cochrane, now seeswhat will happen with the Domtar site as some-thing that can help the historic downtown bykeeping dollars in Cochrane and attractingmore shoppers from outside the town.◆

Population 15,424 Commuters who work outside town 30 per cent Median price of single-family house $425,000 Projected capital cost for transit service $27 millionRetail lease rates $15 to $16 downtown; $25 to $28 for newer mallsAcre of industrial land $1 million

2

2

567

Airdrie

567

1A

8

22X

CALGARY

Okotoks

COCHRANE✪

●

●

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

Single and multi-family residential developments

Commercial, industrial and retail developments

Refinancing / acquisitions

Construction / land servicing

Bridge loans

Income producing properties

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

Call Dennis Myers403-627-7493 • [email protected] VILLAGER REAL ESTATE CO.

403-627-1919

LIST1-800-661-6988

Top commercial realtors from across Western Canada market their list-ings through the Western Investor.

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com Alberta B19

Visit www.advantagecommercial.ca

or call 403-346-6655

CENTRAL ALBERTA

Businesses, Investments, Sales

and Lease Information Lori Green • 403-804-3002

REALTY EXECUTIVES PARTNERS or

J.R. (Jack) Reeves • 403-230-1811DISCOVER REALTY

HOTELS & MOTELS51 ROOM MOTEL – Approx., 2 hrs SE of Calgary. All rooms in very good condition, many recently renovated. Over $700,000 on upgrades over the past 8 years. Turnkey operation. Busy location. $1.6M

COUNTRY HOTEL – 1 hr east of Calgary. tavern licensd for 70, patio for 30, 3 vlt's, cafe (30 seat). 5 rental rooms and 1 BR manager's suite. Turnkey operation. $250,000.

15 ROOM MOTEL – 3 buildings, room for expansion, located on highway to Waterton Park. Good Gross - $545,000

MOTELS & HOTELS≥ PROVOST Brand new 44 unit motel.

Asking $4.5M≥ CAMROSE 20 unit motel, (nice Ma & Pa

operation) upgraded and very clean, Asking $1.1M.

≥ HARDISTY New 44 unit Motel.≥ NAMPA, ALBERTA in busy boom town, 16 unit

motel, 100 seat lounge, VLTs, liquor store and restaurant. PRICE REDUCED TO $990,000!

≥ CAMROSE ALBERTA 68 room, full services Hotel. REDUCED - NOW $4.0M.

≥ FULL SERVICES 63 Unit Motel with Rest., Pub, Liquor Store. Shows excellent Rev. Ask $7.7M

OTHER INVESTMENTS≥ DAYSLAND Convenience store and Gas Bar.,

Mechanical shop, all located on a 1.5 acre parcel with residence. Shows good revenue. Asking $375,000.

≥ CAMROSE, AB 2 Side by Side, newer 4 plexes. Fully leased. Asking $560,000 each

email:[email protected]

FOR MORE INFORMATION CALLOREST: 780-679-8353 FAX: 780-672-1897

CAMROSE, ALBERTA

ALBERTA IS AGAIN MOVING!

PENDING

SOLD

FOR SALE1/2 Mile South

of Cochrane Town Limit

160ACRES+/-Near new Cochrane High School

$2,985,000Vendor will carry on OAC

Wayne WooDISCOVER REAL ESTATE LTD • CALGARY

403•861•8668

• 4000 sq ft Penthouse office space - 17th Ave S.W. Calgary• 4900 sq ft Industrial / Office Condo N.E. Calgary - $595,000• 1500 sq ft fully equipped restaurant space for lease, N.E. Calgary• RV Repair Business, Calgary - $650,000• Retail Office - Downtown Calgary, 7550 sq ft - $3.75M• Calgary Neighbourhood Shopping Centre - $9.5M• Neighbourhood Shopping Centre - $4.2M• Retail Condos - Downtown Calgary. Up to 20,000 sq ft - $525/sq ft• 33 unit Apartment Condo - $3.465M• 28 unit Inner City Apartment - $4.0M• 98 Unit New Condo Development - $19M

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

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

BUSINESS FOR SALE!

Tim Walsh,Commercial Realtor®Direct: (403)239-5100

Calgary, Alberta

Tim Walsh, Commercial REALTOR® • Direct: (403)239-5100Email: [email protected]

www.BestAlbertaRealEstate.com

- Speciality Service business in Calgary- Very profitable; great margins- 30 + years in business with multiple owners

- Good location and lease- Minimal staff required; easy to learn- Price: $650,000

DISCOVERY PLAINSOLDS, AB

• 131 acres - 6 phased mixed use• Area Structure Plan approved

SYLVAN LAKE DEVELOPMENT LAND

• 1.42 acres of prime multi-family• Development Permit available

Karen Barry*403.589.5599

[email protected]

Commercial Propertyshop Inc. Brokerage*BROKER

• FOR LEASE - 3600 sqft Commercial Retail Building

• Corner lot with high exposure

• Ideal for oil/gas industry suppliers or Safety Training and Sales

• Great opportunity for new business or expansion

Rocky Mountain House, AB

CALL IRWIN @ 403-844-1581OR JAN @ 403-844-6849

INDUSTRIAL LANDw/BUILDING FOR SALE

Asking $2,532,500 - Ponoka, Alberta11.55 acres, 8 individual lots with a 5000 sf unfi nished

panelized structure on Lot #10 (Lot #10 - 15 are 6 contiguous lots; Lots 19 & 20 are 2 contiguous lots)

Located at 49th Street and 60th Avenue in the north Industrial Park within the town limits.

Site is provided with all municipal services, and a railway spur connection to the main CPR line between Calgary and

Edmonton. Recent rail crossing was completed by town of Ponoka.

Excellent manufacturing site or stage area for Oil Sands or other Northern Industrial projects.

Lots are for sale individually or as a whole parcel. Owner may sell entire parcel within the Corporation with tax loss advantage to purchaser. MLS# C1019384, C1019385, C1019387, C1019388, C1019389, C1019390, C1019391 and C1019392

Mary Yuen-Sears, RealtorSUTTON GROUP - CANWEST

#1, 555 Hawkwood Blvd NW, Calgary, AB T3G 3K2Cell: 403-616-3636 • Fax: 403-592-6912

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

SOLDSOLD

SOLD

Brent J @ 604 230 6290 –

www.strongbridge.ca Go to

projects/comm/comox

Comox Centre Mall

We’ll make it easy and help build your storeBE READY TO OPEN 2012

Bring your fresh ideas and build your business

Local captive area +/- 16000 pop with steady $

NEEDS SHOPS and SERVICES

Fabulous Corner Ocean/Mountain View FOR LEASE

Restaurant 2500 – 3500sf

Professional & personal services 750 – 2000sf

WE NEED: Hardware and Niche Shops (like Sidney BC)


MORE LISTINGS ARE AVAILABLE PLEASE CALL Jun Choi for DetailsCel: 780-722-2570 • Email: [email protected]

EDMONTON & AREA OPPORTUNITIESCOMMERCIALCAR WASH: Edmonton, 8 Bays, 1Auto, huge potential ....................................................................$949,000T RUCK & CAR WASH: Edmonton, 4hr, 3 truck bay, 1 RV, 6 car wash, Over $1 mil sales/year, ......$3.75milHOTEL CENTRAL ALBERTA: Right in downtown, 7 VLT's, Pub & Restaurant ...............................$550,000C AMP GROUND & RV PARK: Edmonton, 30min., 10 acres under huge upgrader, best location,

Liquor store, Gas Bar ...........................................................................................................................$2.9milMOTEL: Alberta South Big City, 3 years old Best Location, Over 1.5mil sales, Franchise ....................$7.9milMOTEL: In Edmonton, Renovated, 39 Rooms, Over 800k sales, Private Manager's house .................$3.9milG AS STATION: Edmonton 2.5hr, Brand new station -2 national franchise tenants, Huge Potential $3.75milG AS STATION: Edmonton, 4 hr N of Edmonton, Brand Name Gas Station, $3M in store

& $5M litre gas sale ...........................................................................................................................$6.5milG AS STATION: Edmonton 30min., Franchise, New Equipment, Boom town, Car wash, $4.5 mil Sales

............................................................................................................................. ............................$1.89milLIQUOR STORE: Edmonton 1.5hr, 20 years business owner retire, $900k average sales in 3 years $349,000INVESTMENT: Edmonton, Business condo, 2900sf, Fully Leased, Good Potential ..........................$495,000

INVESTMENT SALES

SHERWOOD PARK LAND - $26,000,000• 150 acre site along Broadmoor Blvd.• Area Structure Plan approved for Commercial

and IndustrialCONTACT IAN NEWMAN

OR MIKE PARKER

FULLY LEASED OFFICE BUILDING INVESTMENT• Leased to very large multinational construction

company• Net lease• Asking $8,290,000

CONTACT JOHN [email protected]

MULTI-FAMILY OPPORTUNITIES

• Bank Sale: 24 residential units + 6 main floor units; partially complete; Westlock AB; $750,000

• Development Sites: 8 to 160 acres; off highway 63 in Wandering River; last community before Fort McMurray; Judicial Sale

• 17 units; central location; concrete construction; new roof and windows.

• 29 units in 2 buildings in Wetaskiwin; 80% 2-bdms• 3.83 acres prime dev. land in Windermere,

SW Edmonton• Highrise site on Jasper Ave; 15,000 s.f. across from

River Valley; improved with 2 apt. bldgs. (17 units)• Highrise site in Rutherford; 1.02 acres zoned for

105 units in dynamic area• Stony Plain development site; zoned apt. &

attached homes• High density dev. sites & apt. opportunities in

WetaskiwinApartment product is in demand! Please call

for our opinion of value of your building!CHRISTOPHER KAMPHIUS

or RAPHAEL [email protected]

COMMERCIAL CONDOS• 9,000 – 9,500 sq. ft.; located at intersection of Fort

Road, Wayne Gretsky Drive & Yellowhead; $130/ sq. ft.CONTACT BURKE SMITH

[email protected]

DEVELOPMENT OPPORTUNITIES

+/- 19,701.20 SQ FT: Vacant serviced site in NE Edmonton. Zoned CB1 (Low Intensity Business Zone) ......................................... $395,000+/- 0.947 ACRES: in Valemount, BC. Zoned C3 (Service Commercial) ................................ $49,500+/- 1.05 ACRES: in Valemount, BC. Zoned HC (Highway Tourist Commercial) .............$455,000+/- 3.84 ACRES: in SW Edmonton, Zoned IB (Industrial Business) ............................. $3,500,000+/- 1.85 ACRES: in NE Edmonton on 50th Street ............................................. $1,295,000+/- 0.31 ACRES: high visibilty location on 111 Avenue ....................................................... $610,000

CONTACT JEFF MCCAMMONOR DOUG BAUER

STETTLER MALL, STETTLER, AB• ±91,403 sq. ft. on 10.21 acres anchored by The Brick,

Peavey Mart and ATB• Just $65.00 / sq. ft.• Located in the heart of Alberta

WESTLOCK MALL, WESTLOCK, AB• ±64,218 sq. ft. on 5 acres anchored by Peavey Mart and

The Bargain Shop• $51.40 / sq. ft.• Attractive returns

CONTACT DAVID COONEY / DOUG FOGG OR HOWARD McCANN

SPRUCE GROVE, DEVELOPMENT LAND

• Adjacent to Superstore and Home Depot• Parcels from 1 - 3.75 acres• Great owner/user land, join Mac's

CONTACT DOUG FOGG OR MARK McCANN

OFFICE BUILDING FOR SALE• Well located 2 storey office building on 124 Street• Excellent owner/user opportunity with dental office built

out on main floor• Total of 6,940 sq. ft. above ground• $1,850,000

CONTACT MIKE PARKER OR IAN NEWMAN

FORT MCMURRAY, AB• Former Fort Theatre• 36,400 sq. ft. site which includes a 14,500 sq. ft. building

CONTACT DOUG RAE

MERRITT, BRITISH COLUMBIA• ±12,000 sq. ft. free-standing building for Sale or Lease• Includes bonus parking lot• Lease: $6.00/sq. ft. Sale: $850,000

CONTACT [email protected] [email protected]

FORMER WAL-MART MEDICINE HAT, AB

• High profile redevelopment opportunity• 12.95 acres / 100,287 s.f. building• $10,000,000

CONTACT HOWARD McCANN OR MARK McCANN

DUGGAN MALL, CAMROSE, AB• ±65,136 sq. ft. separately titled dept. store anchoring

a major enclosed shopping centre; asking $4 Million ($61.40/sq. ft.)

MULHURST BAY CROSSING DEVELOPMENT LAND

• 132.4 acres on Pigeon Lake• Area Structure Plan approved• 207 dwelling units• 200 site R/V seasonal park• 10.28 acres commercial development site

CONTACT JEFF McCAMMON OR DOUG BAUER

www.cwedm.com

CUSHMAN & WAKEFIELD EDMONTON2300 Sunlife Building, 10123 - 99 Street, Edmonton, AB T5J 3H1

[email protected]

DUSTY SMITH TEAMSUTTON LANDMARK REALTY / RED DEER, AB

403-347-0744 • www.dustysmithteam.ca

CENTRAL ALBERTA CAMPGROUND OPPORTUNITIES

LAKEFRONT! 403-347-0744

KACIKEWIN CAMPGROUND & CABINSOnly 40 min. west of Edm. 10.00 +/- Fully treed acres. 89 beautiful lakefront sites. Fully rented last 9 yrs. Store/Manager's residence. Room for expansion! Large sandy beach area.

DICKSON LEISURE GROUNDSCentral between Calgary & Edmonton. 208 fully rented lakefront sites. New pool and trout pond. Exceptionally well maintained. 19.00 +/- acres. On popular Glennifer Lake. Great fishing & boating for all water sports.

$3,250,000 $7,500,000


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

+1 780 420 1585www.colliers.com Accelerating success.

AIRCRAFT HANGAR FOR SALEHighway 830, Warren Thomas Aerodrome, Strathcona County, Alberta

Ken Williamson, CFADIR +1 780 969 [email protected]

VR Has Sold More Businesses in the World Than Anyone®

www.vralta.com www.vralta.com www.vralta.com

S porting Goods Business – Est. for over 20 yrs. 2 locations avail. in Edmonton. Great location and est. brands. Assets of $600k. Cash flow $250k. Asking $850,000.

T ruck Wash & Quick Lube, Hinton, AB – Great profits and income. Only 5 years old. Sales close to 1MM. Cash flow of $315k. Asking $600k for business. Real Estate also available for sale.

B usy Laundromart in High Traffic Location. – Coin laundry with fully functional equipment. Great location with good repeat customer base. Assets of $80k. Cash flow $50k. Asking $80k.

F looring and Carpet Business – 36 yr old business. Good reputation and location. Lots of repeat customers. Assets of $90k. Cash flow of $110k. Asking $240,000.

Over 30 businesses available for sale.Visit our website for more information about our businesses for sale. Over

30 businesses available for sale.

SCHOOL BUILDINGwith attached

RESIDENCES

REALTY EXECUTIVES North Star

HAROLD SCHMIDT CRESASSOCIATE BROKER

1-877-428-2879 Toll FreeCell [email protected]

• 52,500 sq. ft. school bldg. & offices• Four residence buildings

accommodates 88 • On 4.85 acres• Operating school leased

to 08-31-2013• Investment & Development Property• Zoning: P1-Public Service• Located in town of Strathmore• 40km East of Calgary• Revenue stream/details to qualified

buyers.

WANTED!I have clients with CASH

looking to purchase Shopping Centres,

Strip Malls and Gas Stations in Alberta!

Call SammyEMPIRE REAL ESTATE GROUP

780-906-6652

Call KEITH LEESSUN CITY REALTY LTD.

PH: [email protected]

COMPLETELY RENOVATED

BUSINESS CONDO

RETAIL LOT

PASSIVE INVESTMENT

YOURADVANTAGEIN ALBERTA

SHOPPING PLAZA, HOTEL IN BIG CITY •Asking: $14.9M • REV: $2.3M: Hotel: $1,110,695; Rental: $513,253;

Others: $669,734 • 48 oversized rooms plus 20 tenants and other big

rev. income source • Located in big city downtown core with 4.9 acres of

land and 102,000 sq. ft. building.

MONEY MAKING FRANCHISE MOTEL •Asking: $11.2M •REV: $3,158,106 •3 yrs old, very busy location •Limited Service, 85 Rooms, located in very busy city

LIMITED SERVICE FRANCHISE MOTEL •Asking $7.6M •3 years old, 4 storey, 60 rooms •Swimming Pool w/water slide •Situated with excellent exposure in big city, AB

FRANCHISE MOTEL NEAR CALGARY •Asking: $5M, •41 room w/ leased Boston Pizza •1.5 Acres, ready to add 20 rooms.

FRANCHISE MOTEL IN SOUTHERN ALBERTA •Asking: $4.99M •REV: $1,124,570 • Rev. is very steady past few years during recession • 48 rooms with client base from Provincial & Federal

employees, tourists and oil, gas & agriculture.

MOTEL IN B.C. •Asking: $5.09M •REV: $1,373,000 •81 Rooms w/Leased Restaurant & Lounge •Waterslide, Sauna, Pool •Located Trans Canada highway with amazing view •Under renovation for Franchise flag

HOTEL WITH RESTAURANT & LOUNGE •Asking: $4.99M •Located in very busy Oil, Gas, Forest & Tourism in AB • 62 Rooms, 100 seat Restaurant, 110 seat Lounge,

9 VLT's

MOTEL WITH RESTAURANT •Asking: $1,390,000 •REV: $558,725 •44 Rooms + 3 VLT

TRUCK STOP & RETAIL SPACE IN CALGARY •Asking: $13.5M • Travel facility comprising 45,700 sq ft on a

16.6 Acre site, provides for future re-development • Strong sales with long history and 19 tenants

including national brand name

GAS BAR, C-STORE AND A&W •Asking: $4.19M • REV: Gas Bar/C-Store $5,226,877, A&W $1,057,939 •N.O.I. - $883,698

GAS BAR & C-STORE IN BUSY TOWN •Asking: $2.89M •REV: $5,394,767 •Gross margin: $807,110 •NOI: $480,762 • Very busy city with 6,470 population, supported by

Oil and gas industries

SHOPPING MALL •Asking: $3.39M •N.O.I. - $231,943 • 6 tenants

CAR WASH NEAR CALGARY •Asking: $3.89M •REV: $700,000 •7 bay and 1 auto. •Year: 2004.

CAR WASH IN CENTRAL AB •Asking: $3.09M •REV: $865,000 •2 Auto, 8 Bays

CAR WASH IN CALGARY •Asking: $2.99M •10 Bays

MAXWELL SOUTH STAR REALTY • www.leechoonho.com

FRANCIS LEE, Associate BrokerIC & I Full Commercial Member • Manager Business & Investment Div

For More DetailsTel: 403-680-6130

Email: [email protected]#20, 8180 Macleod Tr. South, Calgary

FOR

SA

LE

Avison Young Lethbridge Inc.partnership. performance.

For further information contact:Doug Mereska, Broker

[email protected] ext. 201

#217 - 200 4th Avenue S, Lethbridge, AB

HOTEL 67 rooms, commercial strip mall, great upside, located in the retail hub of Lethbridge, AB. Asking $3,900,000

PIZZA FRANCHISE Successful pizza franchise. Two locations in Lethbridge, AB. Great cash flow, financials available. Asking $599,900

INDUSTRIAL INVESTMENT 110,000 sf building, class A tenants, one of the few available properties offering rail access. Projected net income of $792,626. Asking $9,400,000

INDUSTRIAL INVESTMENT 77,000 sf building, great tenant mix. Projected net income of $472,405. Asking $4,600,000

INDUSTRIAL WAREHOUSE 8.1 CAP. 10 year Lease. Completely renovated building. Asking $1,999,000

Call Christine at the

marketing your franchise?

1-800-661-6988 (604) [email protected]


EDMONTON ON THE RISE

• NEW LISTING! 7900 sq ft warehouse. Central Edmonton. Stadium Road .............$8.00/ sq. ft.

• SHOPPES OF BLACKBURNE 111 St & Blackburne Drive. New strip 470 to 1500 sq. ft. bays .....................$32.00/ sq. ft.

• NEW LISTING! 18,400 sq. ft. Office / Shop. Nisku Industrial Park .................Lease $13.50/sq. ft. ..........................................Sale $2.75 Million

• ENCORE CENTRE - 137 Ave & 66 Street. 1553 sq. ft. Finished Retail............... $28/sq. ft.

BUILDINGS FOR SALE & LEASE

LAND FOR SALE• NEW LISTING 0.63 acres. R9 Site across from

Rexall Place ...............................$1.6 Million

• NEW LISTING 153 acres plus 18,400 sq. ft. building. Nisku Industrial Park .....$13 Million

• NEW LISTING 1.15 acres CNC Development Site. 167 Ave & 71 St ..............$1.25 Million

• INNISFAIL 106 acres HWy Industrial, 3/4 mile frontage to QEII .....REDUCED TO $32K/ACRE

• 6.6 ACRES UPGRADER ALLEY Hwy. 37 & 34 St .........................$110K/Acre

• 1.88 ACRES Summerside EIB Site ..............................................$22.50/sq. ft.

Call Bob Gaetz Owner/Broker

Ph: 780-448-2020F: [email protected]

COMMERCIAL (RE/MAX Excellence)

17718 - 64th Ave Edmonton, AB T5T 4J5 (780) 429 - 1200 1(866) 481 - 2950

w w w.RemaxComm.ca

BUSINESS ONLY

Edmonton’s Business & Investment Specialists

Gas Station w/Convenience Store - South Edm. - $249,000RV & Truck Wash - South Edmonton. Business Only - $399,000

CALL AYAZ OR SAM AT 780.641.1320

INVESTMENT61000 SF+ Whse & Of - 14135 128 Av. Priced to sell! - $5.8MOffice/Medical Centre - Leduc. Fully leased. 8.2% CAP - $1.7MNisku Multi-Tenant Bldg - Room for upside. VTB Avail. - $1.79MRV Storage & Service - 8.87 ac w/7,362 SF buildings - $1.095MGeneral Store w/Property - Outside Edm. Over $1M revenue.

2000 SF bldg on 0.345 acres. Excellent opportunity! - $595,000


MULTI-FAMILYNEW Triplex - Excellent location. Built in 2007 - $1.298M5 Units - Belgravia - Call For Info and Pricing9 Units - South Edmonton - $110,000/Door15 Units - West Edmonton - $100,000/Door18 Units - Two building package. Strathcona - $130,000/Door

CALL MIKI O’REE AT 780.200.6454

INDUSTRIAL

LAND Nisku Commercial Land - 5 Lots. Zoned CS - $375,000/Acre


LEASING Leduc Plaza - Prof/Medical Space Available. Only 5 units left!

www.LeducPlaza.com


Bottle Depot Businesses - 3 Locations in AB. Call For Info BOTTLE DEPOT BUYING & ORIENTATION - BOOK NOW!

***CERTAIN CONDITIONS APPLY***

CALL RAJAN NULLIAH 780.441.5419

Auto Wash w/Land & Bldgs - Prime location in NE Edm - $3.5MSylvan Lake - Choice of 3 Est Motels. Beach facing & close to

Marina. Priced at $1.7M, $2.2M and $2.635MCALL RAJAN NULLIAH AT 780.441.5419

Land/Bldg For Sale - Spruce Gr. 5500SF on 0.7 acres REDUCED PRICE - $799,000

CALL ALLY PIRMOHAMED AT 780.604.0302

Self Storage Facility - 177 Units + 100 RV on 3.88 ac. - $2.1MCALL MIKI O’REE AT 780.200.6454

CALL RAJAN NULLIAH 780.441.5419Cosmetic Store - Located in a busy mall w/ high foot traffic.

Operating for over 16 years. - $179,900 + Inventory

CALL NEIL HORVATH 780.908.5630


Gas Station, Grocery/Convenience & Liquor Store - Over $2M in sales.Land, Bldg and Business Included - $1.3M

CALL NEIL HORVATH 780.908.5630

Supreme Plating Business - w/property and inventory. 1.11 acres of prime property located in North Edmonton - $3.5M

CALL GREG STEELE AT 780.945.7800

FOR

SALE Avison Young Real Estate Alberta Inc.

6520 - 2 Avenue SW , Edmonton Well located 2.64 acre RF5 SiteSite is zoned, separately titled and serviced for immediately developable Asking $2,112,000 ($800,000/acre)

3819-184 Street, Edmonton7.39 acre RSL site in Cameron HeightsSite is zoned and serviced Adjacent to Wedgewood RavineAsking $2,500,000 ($338,295/acre)

Avison Young2800, Bell Tower10104-103 AvenueEdmonton, AB T5J 0H8P:780.428.7850F:780.424.5815

For information on these or other investment opportunities contact the Edmonton Investment Sales Team:

Stony Plain - 24 unitsWood-frame 4 storey walk-up 6,000sf commercial main floor Asking $4,350,000 @7.10% stabilized cap rate

Stony Plain - 20 unitsWood-frame 3 storey walk-up8,000sf commercial main floor Asking $4,250,000 @7.22% stabilized cap rate

Edmonton - 59 units3 building portfolio Wood-frame walk-ups in various locations

Please Call Bob ChinnPH: 780-434-4700

Web: chinnproperty.com

or Mark Wilbert, Assoc.([email protected])

CENTURY 21 A.L.L. STARS REALTY LTD

Office Building For Sale. On Jasper Avenue and 114th street in the Oliver Area. 4 storey building consisting of 56,012 square feet . Property is on 3 lots (50 feet x 150 feet) with also parking lots (92 feet x 150 feet) in the rear. Property is wedge between two drugs stores (Shoppers Drug Mart and Medicine Shoppe). New developments all around. Asking $12,000,000.00

Unbelievable Ellerslie RE-Development Site Two Parcels. Both 2 acre sites on the northwest corner of Ellerslie Road and 66th Street. Parcel #1 Asking $2,900,000.00 Parcel #2. Asking $ 2,900,000 Ellerslie RE Development Site 80 acre parcel across from the new Edmonton Recreation centre along Ellerslie Road. Asking $8,900,000Business and Property Esso Convenience Store/Gas Bar with a Tim Horton’s Lease. Located in new Centre West Business Park. Site is 2.03 Acres. Brochure will only be provided to qualified purchasers, and upon signing a confidentiality agreement. Asking $ 6,300,000.Pulse Pointe Development site Located in the Quarters project on 95th street and 102 Avenue. A total of 4 lots (14,200 sq. ft.) (142 ft frontage and 100 ft deep. Presently, building is 11,840 sq. ft. Asking $ 3,300,000.

Old Strathcona Building Located on Prime 82nd Avenue and 103 Street. Historical building. Building is 1650 sq. ft. of main floor with 12 foot ceilings. Asking $ 1,100,000.

Industrial For Sale National Tenant, solid long term lease. Building is 4 years old, 56,000 sq. ft. on a 3.53 acre lot. Great return 6.5 % cap rate. Brochures to qualified clients Asking $ 9,900,000.

Land And Building For Sale. Over 9,000 sq. ft. on the main floor. Lot is 14,577 sq. ft. Located in the Quarters project on 95th St and 102 Ave.

Building 101 Street Retail/Warehouse Property 9,150 sq. ft. building with over 4,000 sq. ft basement on two lots (10,680 sq. ft.) Great for future redevelopment or owner user. Building can also be leased. Asking $ 1,200,000.

EDMONTON & AREA


Write: 5204 – 50 Ave., Camrose, AB, T4V 0S8Toll Free: 1-888-672-4426

Ph. (780)678-3025 Fax: (780)672-2469Email: [email protected] www.camrose.ca

VALERIEKING

Prime Highway Commercial Lots

Next to our New Hotel, Convention Centre

and Casino3 to 4 Acre Parcels - $175,000 per Acre

THE CITY OF

CAMROSETHE REGIONAL CENTRE OFEAST CENTRAL ALBERTA

Pam Gill(780) 455-4088

www.apartmentsinedmonton.com

sutton central commercial real estateAN INDEPENDENT MEMBER BROKER

For full Proformas, Call or [email protected]

PH: (780) 455-4088 Fax: (780) 455-4048 www.apartmentsinedmonton.com

Sutton Central Commercial

EDMONTONAPARTMENT PROPERTIES

15 SUITES, NAIT ...............................$1,575,00015 SUITES, Downtown .....................$1,425,00020 SUITES Cromdale ........................ $1,950,00020 SUITES Cromdale ........................ $1,960,00022 SUITES, Downtown .....................$2,420,00030 SUITES, Westend ........................$2,900,000NEWER WAREHOUSE, 1455 sq. ft. ......$369,000

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

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

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

For Details Contact:RONALD HOLLAND (780) 361-4404Toll Free: 1-800-989-6899 Edm Dir: (780) [email protected]

INDUSTRIAL SPACE - For Sale or LeaseFORT MCMURRAY - Taiga Nova Industrial Park

www.property-solutions.ca

• 4.44 Acre Site • Lease or Purchase Options • 30' High Buildings • Experienced Developer & General Contractor • LARGE Rear Yard!

13,000 to 52,000

(Square Feet)

Fall201175% PENDING

Leduc: Up 42 per cent in five years Edmonton’s south suburban neighbour

continues to grow at a decent rate, something that’s confirmed by recently released census data for the City of Leduc.

According to the city’s 2011 census, its population now tops 24,000. The official total – 24,139 – is up 3.6 per cent from 2010, and represents a 42 per cent increase in the last five years.

Growth has actually slowed in the past few years after peaking at 10.5 per cent in 2008.

Leduc officials don’t consider their city to be a true Edmonton bedroom community, noting that 66 per cent of the city’s workforce is employed in Leduc, Leduc County, Nisku or at Edmonton International Airport.

“This is very dissimilar to a number of regional municipalities that are true bedroom communities of Edmonton,” according to a City of Leduc news release.

Builders busy in Calgary, Red DeerTwo of Alberta’s four largest cities are

reporting significant jumps in new building activity for the first three quarters of 2011.

The value of building permits issued by the City of Calgary jumped 49 per cent for the first eight months of 2011, compared with same period last year.

Permits for the first eight months of 2011 totalled $3.09 billion. Even without a $600 million permit for a major airport terminal expansion, Calgary building activity is up roughly 20 per cent over last year, thanks to increases in both the residential and non-residential sectors.

In August alone the city approved nine multi-family projects for $124 million in new

building activity. The biggest single project approved in the month was the Qualex-Landmark condominium tower at $28 mil-lion.

“This August residential activity was more than double the previous year,” noted Stuart Dalgleish, acting general manager of plan-ning, development and assessment for the city. “The apartment sector in particular shot up.”

Things are also looking more encouraging to the north in Red Deer, where permit val-ues for the first nine months of 2011 topped $131.5 million. That’s up about 56 per cent from the same period last year.

Said Joyce Boon, the city’s inspections and licensing manager: “September has been a busy month and I think these numbers tell us that business in Red Deer continues to grow and the Red Deerians are trusting that the economy may be experiencing some positive changes.”

As in Calgary, Red Deer’s residential and non-residential sectors have both experienced increases, though commercial building is up substantially more than residential construc-tion in Red Deer.

St. Albert sacks city manager St. Albert city council is shaking up life

in suburban Edmonton with a decision to sack its city manager and embark on some major restructuring.

The decision to get rid of chief administra-tive officer (CAO) Bill Holtby was announced in a tersely worded press release on October 4, and it followed an earlier decision supported by Holtby to sack the city’s director of tourism and business development in September.

According to St. Albert’s newspaper of record, the St. Albert Gazette, the earlier move didn’t sit well with the city’s business com-munity, which has viewed the CAO as being less than welcoming to major development opportunities.

The northwest suburb of Edmonton has long had a bit of a NIMBY reputation when it comes to development, and although it has enjoyed continued growth, its growth rate has

The City of Grande Prairie is moving ahead with plans to annex just over 15,600 acres of land to

accommodate development 30 years from now.The northwest Alberta service hub is holding open

houses this fall to provide additional information to landowners and the public about its plans for annexing land in the County of Grande Prairie northwest and northeast of the city.

The city is proposing a gradual phase-in to city tax rates that will last up to 15 years.

“Annexation is a key issue for the city,” says Grande Prairie Mayor Bill Given. “In order to diversify our tax base, raw land is needed for new industrial and com-mercial development.”

The county isn’t expected to oppose the advance-ment of its urban neighbour. Given that scenario, the city of more than 50,000 is likely to formally apply to the province’s Municipal Government Board for the annexation in early 2012, and should have jurisdiction over the lands by 2014.

Grande Prairie to add 15,600 acres for development.

Phot

o: T

ouri

sm A

lber

ta

generally been lower than in other suburbs.“Effective immediately, council will estab-

lish a new division with a focus on economic development. A new general manager will be recruited and will oversee areas such as busi-ness development, marketing and economic development,” St. Albert Mayor Nolan Crouse announced following the decision to send Holtby packing.

Thirsty Rocky View buying waterRocky View County is buying more

irrigation district water in an effort to accommodate more development around Calgary.

Rocky View County council approved a budget hike in late September that will allow the county to purchase just over three million cubic metres of water annually for the Conrich area northeast of Calgary.

Rockyview will purchase the water alloca-tion from an existing water licence of the Western Irrigation District, something it did

several years ago to ensure development could go ahead in East Balzac to accommodate the Cross Iron Mills mega-mall and nearby indus-trial and commercial development north of Calgary.

Rocky View has purchased water allocations from existing licences because new licences aren’t being granted in parts of southern Alberta.

As the largest holders of water licences, irrigation districts are in a position to sell their water allocations on Alberta’s regulated market.

“This new agreement was vital to securing the long-term future growth of the Conrich area,” said Rocky View reeve Rolly Ashdown. “With the development of water resources in the area, future customers will be able to access safe and drinkable water, opening up new growth opportunities.”

The cost of Phase 1 of the Conrich area water supply project is $25.2 million.

With the help of purchased water, Rocky View has positioned itself as a viable develop-ment alternative to urban communities such as Calgary, Cochrane and Airdrie.◆

– Compiled by Dave Husdal


LAND & BUILDING ONLY

GREAT LOCATION/REVENUE

1.1 ACRE PAVED

LOT. 16,800 SQ.FT.

INCLUDING 2,000

SQ.FT. MEZ/OFFICE.

$1,175,000

REVENUE OPPORTUNITIES

4-PLEX IN COLD LAKEPRICE $525,000 FULLY OCCUPIED

Larry Melanchuk, Associate Broker Cell: 780.826.0100 www.coldlake.info

TF: 1.800.707.8374 A Division of Cold Lake 2000 Realty. Independantly owned & operated.

RE/MAXCold Lake

2000

2 COMMERCIAL VACANT LOTS ON 50TH STREET IN COLD LAKE ideal for new develoopment 110 ft of frontage $239,500

Adjacent lot to the above 165’ x 125’ with a 40’ x 60’ warehouse. All chain link fenced $239,500

7.2 ACRES ZONED HIGHWAY COMMERCIAL Services prepaid $749,000

INVESTMENTS CALGARY AREA

RE/MAX ACA REALTY

(403) [email protected] Realty

CROSSFIELD – 2 – 2 acre industrial lots – for sale or lease

industrial complex

CARSTAIRS –priced to sell

64 seat restaurantnorth of Calgary

AIRDRIE

2500 sq. ft.

137 acresCrossfield

141 acres Crossfield

132 acres highway #2 frontage

279 acres

¾ acre

137 acres #2 highway frontage

East Balzac

BEISEKER

PRICED TO SELL

CAR WASH

320 acres

151 acres AirdriePRICED TO SELL

For more information on these and other properties

DON SACKETTcall

ALBERTA DEVELOPMENT OPPORTUNITIES

MORE OPPORTUNITIESCalgary Land Ready to goCalgary Land ready to go. All permits are in place for highend country residential development. Development can begin today! Land features water, trees, and gently rolling hills making it ideal for new innovative commu-nity. $69,000/acre.

100 Acres Airdrie, ABLocated on the west edge of Airdrie. Airdrie is one of Alberta's fastest growing communities. Five miles north of Calgary on the #2 Queen Elizabeth Hiway. Concept plan for 690 homes (based on city guidelines) Vendor will consider JV with suitable partner.

East Side of Calgary84 St and 16 Ave. (hiway #1) N.E. 300 acres of po-tential commercial zoned land for development in the M.D. of Rockyview.- NW 1/4 SEC. 30 TWP, RGE 28, W5M- SW 1/4 SEC, 30 TWP, RGE 28, W5M- PTN SE 1/4 SEC, 24 TWP, RGE 28, W5M$150,000/acre

BRIAN [email protected]

STEVEN BUTT403-802-6767

[email protected]

• 12 ACRES Balzac, Alberta - for sale, design build, or lease.• 3 QUARTERS Balzac, Alberta - close to Cross Iron Mall.• 3 QUARTERS Cochrane, Alberta - 3 miles west on

highway 1A.• 0.5 ACRES Brooks, Alberta - Commercial Lot.• 4 ACRES Millarville, Alberta - with house.• 13,200 SQ.FT Canmore, Alberta - commercial building site.• 2.6 ACRES Black Diamond, Alberta - multi- family dev. site.• 41 ACRES Irricana, Alberta - judicial sale of residential

land.• 320 ACRES Darwell, Alberta - one hour from downtown

Edmonton.• 55 ACRES Athabasca, Alberta - 33 parcels on separate

titles.• 200 ACRES Yorkton, Sask. - Approved for Industrial

subdivision.• 150 ACRES Fort St. John, B.C. - next to the new hospital.

FOR MORE INFORMATION:

Val ToffoliPhone: 780-707-9395

REALTY EXECUTIVES POLARIS4107 - 99th Street, Edm, AB T6E 3N4

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

Selling Edmontonsince 1987

APARTMENT BUILDINGS:• 2 Units – Full Side by Side Bi-Level Duplex.

Great West End Location. Needs some TLC & priced Accordingly!

• 12 Ste Character Bldg. Owner Managed & Well Maintained. Large Stes. Central. Some upgrading to suites - REDUCED!

• 12 Ste Character Bldg. Central McDougal. Over 6.5% cap rate. Some upgrades. Seller open to Reasonable Offers!

• 74 BEAUTIFULLY TREED ACRES in Parkland County near Edmonton/Devon. Unique 6600 sq.ft. Architecturally Designed Home with 8 Bdrms-6 Baths. Outdoor Pool-Horse Shelter-Triple Garage. Presently a Residential Estate. Ideal for Bed & Breakfast; Health or Religious Retreat; Equestrian Ctr or Potential Exclusive Subdivision.

• BUILDERS/DEVELOPERS, B&B, HEALTH/RELIGIOUS RETREAT, EQUESTRIAN CTR, POTENTIAL SUBDIVISIONS: 40 Acres – Ready for Submission to Parkland County for Approval of New 8 Lot Subdivision. BONUS: 1 lot features Gorgeous 3,632 sq. ft. Executive Home with Triple garage & 2 Large Shops – an Excellent Base for the Developer/Builder! Across from 1 of the MOST Prestigious Subdivisions in County.

WANTED: APARTMENT BUILDINGSHave Qualified Buyers Ready to Purchase!

BUY1-800-661-6988

Your hunt for the right investment could be right in the pages of the Western

Investor. Every month you’ll find $2 Billion worth of opportunities.


Waterfront Pub & Detached Liquor Store

Land, buildings and businessPrince Rupert, BC $2,500,000

BC’s fastest growing super port city

JOHN JOHNSON Tel: 604-319-2504Fax: 604-463-5287

PRUDENTIAL STERLING REALTY LTD.

For Lower Mainland Pub Opportunities call:

PUBS For Sale

RICK D. JENKINS780-990-6120 cellEmail: [email protected]

POLARIS REALTY Commercial Realtor

INVESTMENT PROPERTIESFOR SALE!

68 STRATA TITLED, (bare land condo titled) development lots located within a modern Mobile Home Park in High Level, AB. Fully serviced, paved roads, underground utilities, fenced and landscaped. MOTIVATED SELLER WILL CARRY 75% FINANCING FOR A QUALIFIED BUYER INTEREST FREE FOR 2 YEARS!!! MLS $1,250,000. Only $18,382 per lot!23 UNIT APARTMENT, University area, nice condition and 5.75 cap. Call for proforma

13,231 SF, 5 BAY RETAIL STRIP MALL in Leduc, AB. with solid long term tenants. 9 years old. NOI: $161,000 per annum. 7+ cap at $2,095,000. NOW PENDING

Looking for investment properties for all ICI categories. Fully qualified buyers. Call now for your complimentary evaluation and allow my 21 years of banking and 13

years of commercial real estate experience to assist you!

NORTHERN ALBERTAINVESTMENT/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, ABLooking for Investor's to purchase

4-plexes in the Peace Country

For Further Information contact:Evelyn Petkus

780-836-3086 or 780-836-6478EMAIL: [email protected]

ROYAL LEPAGE, CASEY REALTY LTD. PEACE RIVER, AB

www.manningrealestate.ca

WINDOW OF OPPORTUNITY!

Invest in land with development potential.

381 acres on Lake McGregor. Hour and 10 minutes SE of

Calgary. Approximately 3/4 mile of shoreline. Gently

sloping. Suitable for lake view lots or golf course. Vendor

willing to lease [email protected]

JERRY RACZKOWSKI780-932-2121 [email protected]

ROB REGAN 780-490-9324

[email protected]

Bring Alberta and British Columbia Investment Opportunities to the Chinese Market Place

MARKET YOUR REAL ESTATE PROJECTS TO

CHINESE INVESTORS AND/OR

JOINT VENTURES IN CANADA

www.AlbertaInvestorGroup.comRE/MAX REAL ESTATE 10510 121 St., T5N 1L4 Edmonton, AB

Beijing, Chinghai, Tianjin, China Investments Real Estate Shows

RE/MAX real estate central alberta

OPPORTUNITIES AT SYLVAN LAKE,

ALBERTAAwesome Investment Opportunity Land and Building on Lakeshore

Drive - LOCATION IS KEY!Across the street from the beach, outdoor patio to take in the view,

Priced to sell at $790,000

Call CARL STEPP cell: 403-358-9300

www.sylvanlakehouseguy.com



$ 1,200,000

COMMERCIAL BAYS & 3 APARTMENTS

403-383-6733

FOR SALEMIXED USE CAR & TRUCK WASH

Two storey style two bedroom units which have been well maintained and upgraded. New shingles in 2010. Includes appliances. Each unit is approximately 1025 sq ft.

Great opportunity to develop on sites zoned R4 (High Density Residential). Adja-cent to adult living community and near the Hospital & Health Centre. 1.4 acre site $499,000 or 0.76 acre corner site $ 200,000.

RE/MAXWETASKIWIN

2 0 0 7780 352 9241

CALL RANDY PLANT 780 361 9215

Complete business package ready for a new owner. Building, inventory, fi xtures, coolers and delivery van.

WHITECOURT, AB

Call Leo Zelinski at 780-778-1207 1-800-248-4843 [email protected] RE/MAX Advantage WCT www.whitecourtrealestate.com

HOWARD JOHNSON, 74 room full service hotel, 75 seat restaurant lounge, 2 meeting rooms and 300 seat banquet room, 300 seat nite club. 5 VLTs, recent mechanical upgrades. 12 year reno & replaced roof. Previous sale $4,300,00 NOW ASKING $2,400,000

36 ACRES PARTIAL SERVICED COMMERCIAL. Appraised at $11,800,000 Discounted to $7,700,000 for pkg deal

REACH QUALIFIED

BUYERS FOR YOUR LISTINGS

call Gary Takahashitoll-free: 1-800-661-6988direct: (604) 608-5111 or fax: (604) 669-2154

[email protected]

Attention

Agents:


Ken Shebib, CCIMMOB +1 780 863 7355

DIR +1 780 881 6297

[email protected]

Ken Shebib, CCIMMOB +1 780 863 7355

DIR +1 780 881 6297

[email protected]

26.99 ACRES OF INDUSTRIAL LAND

Fort McMurray, ABLocated on Hwy 69 close to the

planned airport terminal

COMING SOONFort McMurray, AB

Up to 300,000 sqft of Industrial Development. Build to suit from 5,000 square feet

and up. Close to airport.

KUUSAMO DEVELOPMENTSFort McMurray, AB

5 bays sold or leased, only 5 bays remain

145 MACMILLAN RD.Fort McMurray, AB

16,800 SF industrial building, fully leased, NOI $700,000 rising to $750,000 in 2013

INDUSTRIAL BAYSFort McMurray, AB

12,978 SF, for sale or lease3 bays sold, 1 available

7 ACRES LANDFort McMurray, AB

Ready for 11,000 SF office, 16,000 SF industrial shop

10020 BIGGS AVENUEFort McMurray, AB

53,300 SF land with 13,000 SF building. Excellent redevelopment C5 Land. (California Club Bingo)

20,000 SF RETAILFort McMurray, AB

For sale. With or without business. Available immediately. Excellent

exposure in a newer building

2 LOTS WITH LAND & BUILDINGSFort McMurray, AB

280 MacLennan Crescent 10% Cap rate. $6,775,00. 290

MacLennan Crescent 2.33 acres

w/ 6,000 SF shop. $5,450,000

INDUSTRIAL BAYS FOR SALE OR LEASE

Ready August 1, 2011 occupancyTaiga Nova Eco Industrial Park

Hotels

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

+1 780 420 1585www.colliers.com

Fort McMurray Opportunities

Alberta Opportunities

Land Opportunities

Retail Investment Opportunity

16,164 SF RETAIL BLDG542-24 St., Fort MacLeod, AB

Fort PlazaFully leased to 5 tenants

NOI - $162,323Anchor tenants: Fields, Anderson

Liquor, The Cash Store

HEALTHWORKS BUILDING10303 65 Avenue, Edmonton, AB12,044 sf 2 storey office/ retail,frontage on Gateway Boulevard,

Price $1,400,000

OUTBACK STEAKHOUSE BUILDING

2874 Calgary Trail, Edmonton, AB7,063 sf freestanding retail pad.

Net income: $190,701/yearPrice: $2,200,000

PONOKA LUBE-X BUILDING4714 - 50 STREET, PONOKA, AB

2,512 sf freestanding building, strong Covenant Tenant,

Average Rental income - $69,500 Price - $868,750

PONOKA TOWNE CENTRE5011-48 Avenue, Ponoka, AB26,782 sf fully leased retail complex. The Bargain Shop, Medical Clinic, Pharmacy.Year I Income - $298,367

Price: $3,500,000

CAMROSE LAKEFRONT LANDFOR SALE

+/- 100 acres

Significant gravel deposit

823,820 cubic meters of proven aggregate

reserves.

Price: $1,000,000

SOLD:WABAMUN LAKE LANDSLakeshore Road, Parkland County, AB

9.09 acres of lakefront land zoned CR

(Country Residential District)

142.84 acres of AG zoned land

One of Alberta’s most popular lakes

Sold for $1,600,000

RED DEER LANDFOR SALE

404 acres of prime future residential land

8.9 kilometres of river frontage

Recently annexed into Red Deer City Limits

Price: $15,000,000

($37,134 per acre)

BELLWETHER PARK13124 130 Avenue, Edmonton, AB

FOR SALE

3.72 acres of land shovel ready for 76

row-housing units

Price: $2,800,000

SOLD:SYLVANCROFT LANDS

12719 Stony Plain Road, Edmonton, AB2.05 acres of residential infill land, superb

location in the highly sought after, and

prestigious neighbourhood of Groat

Estates.

Sold for $2,500,000

80,000 SF BUILDINGPonoka, AB

22 acres, Highway 2 exposure

24 ACRESRimbey, AB

Residential & commercial

development on Highway 53

NEWER RETAIL STRIP MALLEdmonton, AB

3 buildings totalling 16,259 SF, south Edmonton, principles only

Multifamily Opportunity

FORT MCMURRAY AIRPORTFort McMurray, AB

Hotel development opportunity. New terminal. Call for details.

BEAVERLODGE MOTOR INNBeaverlodge, AB

Two hotels, 60 rooms, revenue of $4 mil. Asking $5,500,000

2-12,000 SF BUILDINGSEdmonton, AB

Calgary Trail, office/retail centre, for sale or lease, Stony Plain Road

and central Edmonton for sale

EM TE TOWNAlder Flats, AB

Unique western themed town with cabins, campground and motel,

operating business with excellent growth and upside

Land & Building Opportunities

Perry GerelukDIR +1 780 969 [email protected]

Accelerating success.

Casey McClelland Mark SwaenepoelDIR +1 780 969 3003 DIR +1 780 969 [email protected] [email protected]

15 UNITS PRICE REDUCEDEdmonton, AB

West end location, one block away from approved LRT route,

6 three bedroom suites

15 UNITS AVAILABLEEdmonton, AB

North Central, extremely large and clean units, great mix, new

roof, assumable finance

21 UNITS NEW LISTINGEdmonton, AB

NAIT location, turnkey project,

upside via LRT expansion

www.colliersmn.com\edmontonapartments

14 UNITS SOLDEdmonton, AB

North location, new PVC windows, 12 - two bedrooms,

upside on rents

129 UNITS AVAILABLELondon, ON

11 Storey concrete high rise, condo quality, strata titled

12 UNITS AVAILABLEEdmonton, AB

Centrally located, close to NAIT LRT route, new roof, boiler

and windows, fully renovated, turnkey project

Amit GroverDIR +1 780 969 [email protected]

Jandip DeolDIR +1 780 969 [email protected]

FLAGGED HOTELEdmonton, AB

Full service hotel. 90 rooms.

Leased F&B. Asking $8,750,000

DAYS INNDawson Creek, BC

Occupancy rate above 80%. 85 rooms. Asking $11,150,000

WEST COUNTRY INNDrayton Valley, AB

Limited service, 52 rooms, built in

2005. Asking $4,100,000

Mark SwaenepoelDIR +1 780 969 [email protected]

Rick ArgueDIR +1 780 969 [email protected]

Jeff GrobmanDIR +1 780 969 3031jeff [email protected]

Steven PearsonDIR +1 780 969 [email protected]

TOWER PARK LANDGrande Cache, AB

86+ acres for development in Grande Cache

ASP in place or modify as you desire.

Demand for housing in Grande Cache.

Residential, retail, offi ce, multi-family and industrial sites to

be developed.

Interest from a food/grocery anchor tenant.

Call Victor MorozROYAL LEPAGE WESTGATE REAL ESTATE

Phone: 780-968-1068

125, 4401 48th Street,Stony Plain, AB

Fax: (780) 968-1071www.RoyalLePageWestgate.comIndependently Owned and Operated

FOR SALEOffi ce/RetailBuildingon 0.5 Acresin downtownSpruce Grove

PROPERTY DETAILS-Corner lot with high traffi c visibility- Located in the downtown core of the City of Spruce Grove

-Address: 202 Main Street Spruce GroveBUILDING DETAILS-3,300 sq.ft building (formerly a bank)- Very large and open reception area with waiting room

-6 Offi ces & 1 Manager Offi ce-Large & Accommodating Staff Room-18 parking stalls- Washrooms, Storage Area & Server Room

Victor MorozAssoc. Broker

SELL1-800-661-6988

Selling your business? Western Investor Business Opportunity pages

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


end of the Canadian Wheat Board monopoly would spell the end of shortline railroads that depend on CWB grains for 99 per cent of their cargo. Lonny McKague of Omega-based Red Coat Road and Rail, which serves Weyburn and southern Saskatchewan, said that about 99 per cent of the producer cars are for CWB grains.

McKague predicts that if the CWB monopo-ly ends, the CWB will be dead within one year – and furthermore, that the shortline railways will be out of business a year after that, unless there is specific protection put in to continue to allow producer cars to be filled.

McKague said Ottawa also plans to cut the funding for the Canadian Grain Commission(which also governs the use of producer cars) in half, and those costs will in turn be passed onto farmers. Weyburn, however, is not wholly dependent

eyburn, home of the largest inland grain-gathering centre in Canada, has a lot at stake

in the proposed ending of the Canadian Wheat Board (CWB) monopoly. Well over half-a-million tons of grain pass through the Weyburn terminals each year – more important to the economy than the oil and gas exploration that virtually surrounds this small city about 110 kilometres southeast of Regina.

The Weyburn Inland Terminal (WIT) is the first grain terminal in Canada to be com-pletely owned and operated by farmers. And the farmers have spoken. In a plebiscite from the Canadian Wheat Board, 62 per cent of farmers voted to keep the CWB in place for the marketing of wheat. The vote drew 56 per cent participation, with more than half also saying they wanted the CWB to continue to market barley.

CWB director Rod Flaman believes the ball is now in the farmers’ court to put pressure on

the federal government to respect the results of the plebiscite; federal agriculture minister Gerry Ritz has gone on the record as stating the Conservatives will basically ignore the plebiscite results, and will introduce legisla-tion in the fall sitting to remove the single-desk powers of the CWB.

MP Ed Komarnicki, for Souris-Moose Mountain, said of the results: “You have to pay some attention and look at the results, and you have to take it in context.” The local Conservative MP pointed out the plebiscite had no question on whether farmers would support a dual-marketing system, using both the CWB and other marketing options.

“When you look at the participation rate of 56 per cent, there’s no way of knowing how many boycotted the vote,” he said.

Komarnicki, pointing out that most of the western provincial governments were sup-portive of the federal plan to give farmers the choice of how they want to market grain, sug-gested those farmers who support the CWB should band together and use the CWB to ensure that it does in fact remain viable as a grain marketer.

Local rail transporters, however, say that the

SPOTLIGHT Weyburn farmers vote to retain Canadian Wheat Board monopoly that Ottawa aims to kill

WI STAFF/GREG NIKKEL

WESTERN INVESTOR

on the grain industry. It is also sharing in the oil and gas boom in southern Saskatchewan,which is expected to see a 17 per cent increasein oil drilling this year. Much of the drilling takes place nea rWeyburn, where horizontal drilling hasincreased the life of the Weyburn-Midale oil-field by more than 30 years. Today, Weyburn has one of world’s largest enhanced oil recov-ery operations and is the site of the largest geo-logical greenhouse gas sequestration project in the world. Weyburn has matured into more than a farm or oil town in its 109-year history, however. Itis the headquarters of the Sun County Health Region, has 10 schools, six recreational facili-ties, three art centres and one of Saskatchewan’snewest urban park developments. Meanwhile, the oil boom has driven theresidential vacancy rate to near zero, and the city is scrambling to provide more building lots to meet demand for housing.◆

Downtown Weyburn: grain debate domi-nates economy.

Phot

o: G

reg

Nikk

el/W

eybu

rn

Revi

ew

Population 10,000+Average house price $310,000Major employers Agriculture, oil and gas industryPotential Expansion of oilfields

For further information, contactGary & Renée Anderson

Hospitality Sales SpecialistsDirect: 780-432-1408

[email protected]

Carton Realty Ltd.Office: 780.444.6605

HOTELOPPORTUNITIES Land For Sale

REDWATER

SOLD!REDWATER

REDWATER

REDWATER

SOLD!

VEGREVILLE

Hotel Opportunities in Edmonton

87 ROOMS, FLAGGED HOTEL

114 ROOM, BRAND NEW FLAGGED HOTEL

The Energy City

Estevan the 'Energy City' is a vibrant and growing community in southeast Saskatchewan offering:• A diverse economy featuring power

generation, coal mining, oil & gas, agriculture, manufacturing and is a regional service centre serving both Canada and the U.S.

• Chosen site for the SaskPower Clean Coal Power generating Plant, a $1.24 billion investment.

• Airport Industrial Park featuring airside lots for aero-related industries with low lease rates.

• New Industrial lots in RM and City available.

• Property Tax Incentives Program.

• Access to North American markets on the main north-south import/export rail line.

• Close proximity to the U.S. market being only 10 minutes north of the border and 20 minutes north of the only 24 hour crossing in Saskatchewan.

To explore the endless opportunities in Estevan contact:

Michel CyrenneCommunity Development Manager

Estevan & District Board of Tourism, Trade & Commerce

Phone: (306) 637-2151 / Fax: (306) 634-6729Email: [email protected]

www.estevanchamber.ca

Estevan

SaskatchewanCanada

B28 Saskatchewan www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

Acreages around Saskatoon - Call for infowww.SaskLand4Sale.com

Ed Bobiash Farm & Acreage Specialist

306-222-7770 [email protected] www.SaskLand4Sale.com

RE/MAX Saskatoon

GRAIN LAND INVESTMENT

OPPORTUNITIES25% DOWN BALANCE MORTGAGE (OAC)

Call today for your opportunity

Petrofka Bridge Orchard MLS® 410521 Beautiful acreage / progressive apple orchard located on the North Saskatchewan River 55 kms north of Saskatoon. $849,900Shell Lake Gravel Land MLS® 399171 Land with gravel deposits 137 +/- acres $1,199,000SE Perimeter Investment MLS® 401141 Inside of new proposed perimeter hwy in Saskatoon 160 acres $2,200,000Koop Acreage #3/Hay Land MLS® 397743 60 acres north of Blackstrap Lake $99,900Sterling Development Land MLS® Excellent development opportunity only 6km East of Saskatoon $279,900Colonsay Acreage MLS® 399553 5 bedroom 2 storey home on 160 acres. Pole shed and corrals $334,900Lot 8 Delaronde Bay MLS® 409456 Custom built log home. Four season retreat at Delaronde Lake $339,900Turtle Lake Tranquility MLS® 404411 Fractional ownership custom build log cabin, garage with loft $229,900

SASKATOONAPARTMENTS

605A Main St. N., MOOSE JAW, SKPH: 1-877-694-8082Email: [email protected]

Web: www.royallepagelandmart.comLANDMART

Independently Owned and Operated

Call Brian Walz (306) 631-1229 or Mike Walz (306) 631-7232

Business / Investment Opportunity • ASSINIBOIA, SK

Exciting, family oriented business for sale. Close to Assiniboia, SK is this very well managed puppy nursery with 9 acres of land, good 3 bd. bungalow, corrals, riding arena, barn, plus much more. Excellent opportunity for the animal lover!

Excellent commercial building on a large 2.45 acre lot in Assiniboia, SK. Located in the commercial / industrial area of town between two agriculture businesses with great visibility from the highway. Currently a heavy duty mechanical service and parts sales. Call for more details

For more information contact:

ART INGLEBY(306) 359-9799

SASKATCHEWANREAL ESTATE SOLUTIONS!

See this property and more on our website!

www.avisonyoung.com

Development Land For SaleWeyburn, SK

148.63 acres located in the RM of Weyburn. Property is situated between Highway #13 and Highway #39. Ideal for sub-division into industrial lots.

• 2 miles north of city limits• Currently zoned agriculture• Great potential• $3500/acre

REGINA320 Acres

Keith Bartlett306-535-5707

Weyburn, SaskatchewanThe Gateway to the Bakken Oil Fields Located at the entrance of Weyburn and the newest Saskatchewan oil play on Highway #39. (main route to the US border).Approved use from Highway Commercial. Two conditional pre-sales to two equipment dealers. Property needs roadways, approaches, electrical, natural gas service to lot perimeters. Water is via well, sewage is septic. Developer will consider Full Site Sale.Price per Acre: $80,000 - $95,000

Contact:Micky Schmitz 306.525.3344 www.naisask.com

BUSINESS & LAND FOR SALE

Maple Creek, SKFurniture store, established,

profitable 11 years in business. Fantastic

reputation. Located in Historic building.

Call 306.662.3612www.weswoodopportunity.com MAKE

MORE DEALSMarket your listings in the Western Investor. Thousands of private

investors and real estate professionals

use the Western Investor to help guide their

investment dollars into profitable businesses.

DECEMBER AD DEADLINE: NOVEMBER 14TH

Report: Residential outlook 2012Ski resort real estateImmigrant investors and real estateFranchise NewsRecreational PropertiesRegional Roundups:BC: ChilliwackAB: LethbridgeSK: North BattlefordSpotlight: Carberry, MB

Subs

crib

e1

-80

0-6

61

-69

88

ww

w.w

este

rnin

vest

or.

com

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com Saskatchewan/Manitoba B29

Regina office market tightest Regina still has the least amount of

office space available for rent in Canada, according to a report from com-mercial realtor Avison Young, which says “strong economic and population growth” in Saskatchewan will help keep the capital city office sector tight.

Regina already has much lower office vacancy rates than any of the other 17 cit-ies covered by Avison Young in its North American study.

The current vacancy rate for class A build-ings in Regina is 0.86 per cent, and that is not likely to change until 2012 when new office buildings come on the market. Class B buildings have an even lower 0.28 per cent vacancy. Most other Canadian cities have an overall office vacancy rate ranging closer to 10 per cent, Avison Young states.

An estimated 780,000 square feet of new office space is planned or under construction in Regina, including a 16-storey tower at Rose Avenue and 12th Street that will be largest office building, by square footage, in the city. Also, Harvard Developments has started construction of the $100 million, 18-storey, 208,000-square-foot Tower III that is already 95 per cent leased.

The Royal Bank of Canada predicts gross domestic product growth in Saskatchewan will reach 4.8 per cent in 2011, following a nation-leading high of 6.3 per cent in 2010. Meanwhile, Statistics Canada says that Saskatchewan is tripling the national average in wholesale trade gains.

“Wholesale trade is the supply pipeline for many of the products flowing across the prov-ince,” Enterprise Minister Jeremy Harrison said. “Over the past year we’ve seen more jobs, more investment and more opportunity come to Saskatchewan. It’s no surprise that wholesalers are doing a brisk business within our borders.”

All this will help bring Saskatchewan build-ing permit values to set another record in 2011, said the Avison Young report.

House prices rise 8 per centHousing prices in Regina rose 8 per

cent in the third quarter of this year, compared with 2010, which is higher than the national average. Prices of some city bungalows soared 15.6 per cent, according to a survey by Royal LePage Real Estate Services.

Regina home prices appear to settling in well above $300,000 this year, according to the latest Royal LePage report.

Regina saw the average price of a detached bungalow rise 8 per cent to $316,500 from $293,000 in the third quarter of 2010, while the average price of a two-storey home rose 9.5 per cent to $300,000 during the same period, said the Royal LePage national house price survey.

The price of a standard condominium in Regina averaged $198,000 in the third quar-ter, up 7.3 per cent from $184,500 last year, the survey said.

This may be of interest to rental inves-tors, who realize that Regina has the lowest apartment rental vacancy in Western Canada, at around 1 per cent, according to Canada Mortgage and Housing Corp.

The area of Regina seeing the largest increase in average price was the north, where the average price of bungalows jumped 15.6 per cent to $312,000 in the third quar-ter. Two-storey house prices in the north increased 13.4 per cent to $270,000.

The most expensive houses in Regina, however, are in the south, where prices aver-age $321,000 for bungalows and $330,000 for two-storey houses.

Nationally, the average price of a home in Canada increased between 5.7 and 7.8 per cent in the third quarter of 2011 compared with the same period last year. The average price of a detached bungalow was $349,974, a standard two-storey home was $388,218 and a standard condominium was $239,300, accord-ing to the survey.

Receding f lood waters have allowed drilling rigs

to ramp up production in the southeast Saskatchewan oil patch, with about 50 rigs active near Estevan, Stoughton and Weyburn.

“Some operators, I heard, got out to do their checks in a boat,” said Roy Schneider, a spokesman for the Ministry of Energy and Resources from their Regina office. “Some wells were sandbagged and opera-tors boated over but really, we haven’t received any reports of anything untoward affecting wells this spring and summer, no major problems on the production side.”

Dean Pylypuk, superintendent of operations for energy and resources out of the Estevan office, said there has been a good three-month delay in production numbers coming out of the southeast, which means that the lower volumes are just now starting to surface at the provincial levels. “In other words, the flood numbers are just coming in now,” he said. Spring floods led to a massive release of reservoir water from the Rafferty and Boundary Dams in early June, which pretty well put the oil patch on the shelf for another month. This was usually a period in which the industry is going full bore following the typical modest three-to-six-week spring road ban season.

The Petroleum Services Association of Canada (PSAC) now forecasts that drilling activity in Saskatchewan is heading for a 17 per cent increase this year, floods or no floods. It is now predicted that Saskatchewan will be able to drill 3,273 wells this year, according to PSAC. The rig utilization rate in Saskatchewan is the highest in Western Canada, noted Schneider, at 69 per cent. Of the 1,329 wells drilled in Saskatchewan, 1,305 were seeking oil while only 24 were going for natural gas.

“Unless we see a dramatic price shift, I don’t see that ratio changing,” said Schneider. “There is a whole bunch of nice sweet crude still sitting in the Bakken down there and they’ll still go after it and the numbers show that the water hasn’t severely impacted overall production ... yet. It seems we’re still in positive shape across the province and once we get the southeast back to full stream again, it could well be a banner year.”

– Norm Park, Estevan Mercury

Drilling rigs back at work in southeast Saskatchewan.

Phot

o: T

otem

Dri

lling

This means that Regina has among Canada’s lowest house prices compared with other major ciites. But Regina may also have a much stronger potential than other cities.

Royal LePage said that the national rise in price defied expectations and suggested that record-low interest rates and a fairly stable Canadian economy have bolstered consumer confidence.

However, the third quarter of 2010 was a relatively weak period for housing prices, which makes the increase this year appear rosier than they are and may mask a decline in prices in the months ahead, it suggested. “The strength in Canada’s national housing market conceals signs of predictable softening in some regions,” said Phil Soper, president and chief executive of Royal LePage.◆

ATEAH REALTY LTDMELODIE ATEAH BROKER/OWNER

1-866-755-5406www.ateahrealty.com

CASH FLOW PRODUCER, High traffic and high exposure, located in the heart of Hillside Beach and serving communities of Hillside Beach, Traverse Bay, and Belair. Located at commercial corner at Hillside beach, includes Domo gas, propane, convenience store, and restaurant. Includes business, land, building, and equipment, inventory at cost. Well established year round business, don't miss this excellent opportunity. 339,000.

MANITOBA MARVEL!

MENT

ICR Commercial Real Estateicrsaskatoon.com

FOR SALE2020 Quebec Avenue, Saskatoon, SKLand Size: 16,553 sq. ft. or 0.38 acres Building Size: ±8,530 sq. ft. (Approx. 60’ x 141’)Sale Price: $860,000Contacts: John Kachur, Jayson Elenko

FOR SALE Highway 9 South, Hudson Bay, SKLand Size: ±18.88 AcresBuilding Size: ±39,380 sq. ft. Sale Price: $1,900,000Contacts: Eugene Hritzuk, Davin Heiser

FOR SALE – REAL ESTATE72 Broadway Street, Yorkton, SKLand Size: 1.56 acres = 67,594 sq. ft.Building Size: 44,200 sq. ft.Sale Price: $695,000Contacts: Barry Stuart, Kelly Macsymicand John Kachur

FOR SALE 928 - 8th Street, Saskatoon, SKLand Size: 85’ X 125’ = ±10.625 sq. ft. Building Size: ±4,789 sq. ft. Sale Price: $1,995,000Contacts: Barry Stuart , Kelly Macsymic

“Saskatchewan’s largest commercial real estate company”

INVESTMENT OPPORTUNITY RETAIL INVESTMENT OPPORTUNITY

Norland Realty

4 plex, bilevel style totally renovated. Many reno's and upgrades include walls, paint, laminate flooring throughout including common area, kithcen cabinets , windows, doors, counter tops, bathrooms redone, low flush toilets, new fixtures, shingles, vinyl siding and insulation. 4 two bedroom units; main floor one unit has a 2 bedrooms and den; the other has 2 bedrooms and balcony, 2 two bedroom units on lower level. Each unit has its own furnace, storage room, plug in, access to porch and yard. 24x14 detached garage with roughed in infloor heat plus 24x14 addition with concrete floor, 1824 sq. ft. building on a 125x150 sq. . ft. lot. Located in Blaine Lake Sask. 80 km north of Saskatoon. Asking $379,000 MLS.

Very attractive 3600 sq. ft. brick building in excellent condition with recent renovations that include metal roof, wiring, radiant heat, lighting, windows, paint throughout. Ideal building for commercial, retail or warehouse, has a full basement, storage area at back of the building. Located on a corner lot on a busy main street which is part of highway 12, lots of lake traffic, room for extra parking or expansion at rear of building. Currently operates as Rosemarie's Fashions with alterations room and coffee shop. Business has been in operation for 21 years, located in Blaine Lake, SK., 80 km north of Saskatoon. Asking $125,000 MLS.

Gary Hupaelo • [email protected] • 3020 Arlington Ave, Saskatoon

AWESOME SASKATCHEWAN!

[email protected]

A L T O N A , M BA growing town with

BIG opportunities

Strip Mall - $688,000Positive Cash Flow!

9 Tenants. Full Occupied. In Near new Condition. 12,5000 sq. ft.. Cap Rate - 8%. Net Income Approx.

$54,000/yr. Vendor Assistance Possible.? Agents Welcome.

www.BorderRealty.net

B30 Manitoba www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

Downtown tower erases CanwestThe last vestige of the CanWest empire is

being erased from the largest skyscraper in downtown Winnipeg.

Hoping to avoid the kind of moniker con-fusion that has plagued one of its Portage and Main neighbours, the building for-merly known as “Canwest Global Place” and “Canwest Place” has been officially rechris-tened “201 Portage.”

Terry Orsulak, senior property manager at Creswin Properties, which owns the 32-sto-rey building, said the company wanted to make a clean break with the past.

The building has been quietly called 201 Portage since last November when the bank-ruptcy of former media company Canwest nullified the licensing agreement it has with Creswin.

Orsulak said there are no plans to sell the building’s naming rights to any company. It does plan, however, to sell the space at the top of the building as a “highrise billboard” to a willing partner.

Kitty-corner from 201 Portage is 360 Main Street, a building that has struggled in the name game. It was called the Commodity Exchange Building long after the Commodity Exchange ceased to be a tenant and is still referred to as the “Trizec Building.” It was never officially known by this name but developed the moniker because Trizec built the tower.

Convention Centre calls for proposals A much-talked-about expansion of the

Winnipeg Convention Centre (WCC) could be the catalyst for the biggest down-town revitalization project in four decades.

The request for proposal issued by the WCC

this summer explicitly mentioned being part of a much larger project, one that includes a hotel, a parkade and ideally a residential com-ponent and an office or retail complex. The plans would likely include the redevelopment of several surface parking lots in the down-town area, which have been widely panned as blights on the neighbourhood.

Klaus Lahr, president and CEO of WCC, said this proposed development could result in tri-ple the investment that was put into the MTS Centre. The 15,004-seat hockey rink opened in 2004 at a cost of $133.5 million.

The proposals are now under review and the WCC is expected to make a final decision by the end of the year.

Eatery puts high-tech on menuWould you like a side of technology with

that?The owner of Winnipeg’s newest restaurant

is confident that Rudy’s Eat & Drink will be the most technologically advanced eatery in the province when it opens its doors this month.

Servers, for example, will be equipped with handheld devices, which will immediately transmit customer orders from the table to the kitchen, a vastly more efficient system than waiting for the server to punch in multiple orders from an in-house terminal.

“Being a chef, there’s nothing more irritat-ing than five orders coming in at once,” said Michael Schafer, who also owns Sydney’s at The Forks.

Other technological elements at Rudy’s include the tweets and postings of social media buffs being shown on a giant video wall and messages being pushed out to customers’ phones about immediate specials on domestic beer and chicken wings.

Rudy’s, which has leased out space on the main floor of the new headquarters of Manitoba Hydro on Portage Avenue, will also take the jukebox to a new level. Customers will be able to request songs from the restau-rant’s iPod with their smartphones. (There’s no risk of customers playing anything inap-propriate, Schafer said, because he controls

A former empty greenfield site that now hosts large-scale projects and

an annual fair on the western outskirts of Winnipeg is about to get another huge dose of development.

Shindico Realty Inc. is planning to spend “tens of millions” of dollars on a gigantic commercial development to be called “Westport Festival.”

According to preliminary plans, the mix will include retailers both large and small, one or two hotels, a movie multiplex and restaurants on an 18-hectare parcel of land.

John Pearson, a commercial leasing specialist with Shindico Realty Inc., said he plans to have many tenants secured well in advance of breaking ground in 2013.

“What’s unique about the area is the fact you’ve got a cluster of major regional tourism attractions already adjacent to the development, which feeds into hotels and restaurants,” he said.

In the past few years, the area has been a development hot spot, highlighted by a 15-dealership auto mall, the MTS Iceplex, the $27 million, four-sheet practice facility for the Winnipeg Jets, and the permanent home of the Red River Exhibition, the annual fair that comes to Winnipeg every June.

Shindico’s retail centre will be located next to the MTS Iceplex.

Phot

o:M

TS I

cepl

ex

the list of songs.)Rudy’s is one of what is expected to be

a significant number of new restaurants to open up in the downtown area in the com-ing months as entrepreneurs look to tap into the more than 15,000 hockey fans who will descend upon the MTS Centre for Winnipeg Jets games more than 40 times this year.

Customers urged to buy bookstoreA popular downtown bookstore may live

on if its customers are willing to take the plunge into ownership themselves.

The owner of Aqua Books and Eat! bistro was overwhelmed with pleas to stay open after he announced plans to close down in the fall.

Now, Kelly Hughes is planning to downsize the bookstore and convert it and the accom-panying theatre and events room into a not-

for-profit operation.The new organization will be known as

Winnipeg’s Cultural City Hall Inc., an infor-mal moniker Hughes has been using for years to describe the screenings of short films by local filmmakers, poetry readings, puppet plays for adults and music that he presents ona daily basis.

“We’re the second-busiest arts and culture venue in Canada. We’ve been trying to make Winnipeg a better place as it gets taken over by the Dollaramas and Moxie’s of the world,”he said.

In order to ensure the long-term viability of the operation, however, Hughes needs to sell the 8,400-square-foot building. He would hate to sell it to some multi-national corpo-ration so he’s hoping his customers will buy shares in a co-op.

Things aren’t as rosy on the food side of things. Eat! is expected to close down in the coming weeks but Hughes said he’s hopeful that another restaurateur will move in.◆

– Compiled by Geoff Kirbyson

CARMAN & NEEPAWA, MBFOR SALE – RETAIL PORTFOLIO – 9.5% CAP!

INVESTOR OPPORTUNITYTwo newly built, fully tenanted retail bldgs.

10 year leases in place

National Tenant with over 250 locations

Two buildings totalling 20,080 square feet

15% ROI with existing financing

Sale Price: $2,350,000 or $117 per sq ft 9.5% cap rate

Maintenance free, hassle free, sit back and collect rent!!!

Realtor cooperation – 2%

Contact: Gordon Green, Pinnacle Capital Corporation(604) 727-7095 or [email protected]

Family Opportunities!

Century-21 Westman.comBrandon, MB

Direct Line: 204-729-5074 Email: [email protected]

INVESTMENT: Single tenant, 8% CAP rate, 10,000 sf building. Long Term Lease, Price $1,050,000

FRANCHISE PIZZA BUSINESS: 4 years old, great family business, approx., $150,000 mortgage available (OAC). Price $275,000

INVESTMENT: 4 tenant strip mall, 8% CAP, long term tenants. Price $1,150,000

GROCERY STORE: Million dollar sales, Price $329,000 plus stock. Must Sell! Owner has health issues.

HOTEL: With ;living quarters, price of a house! Plus make yourself $100,000 a year! Price $329,900

Please call:

GRANT [email protected]

Escape the Rat Race! 320 acres of nature's paradise in the Turtle Mountains along the USA. border. 1 Hr. SW of Brandon. Follow the trails of native hunters, fur traders & boundary surveyors. Trees, ponds, wildlife & historic features. No electricity or running water. Peaceful cottage with a convenient outhouse!

Westman.com

Manitoba Magnificence

Busy Motor Hotel in the resort & agriculture centre of SW. MB. 19 rooms, restaurant, bar, pub, beer vendor plus 6 VLT's. Don't miss this opportunity!

WESTERN INVESTOR NOVEMBER 2011 www.westerninvestor.com Franchises B31

CONNIE WOLBAUMFRANCHISE DEVELOPMENT MANAGER AB/SK

Phone: 306-949-7889 Email: [email protected]

CHRIS FALLEDIRECTOR OF FRANCHISE DEVELOPMENT BC/MB

Phone: (604) 952-0202 Email: [email protected]

Our Vision for the Future“We will be the franchise food system of choice!”

www.dairyqueen.com

FRANCHISE WITH EXPERIENCEA franchise partnership with DQ®, a Berkshire Hathaway Company, enables

you to enjoy the benefits of a well-established family of concepts such as:

McDonald’s Canada opens PayPass windows

Now paying for fast food is much

faster than the food itself.

New point-of-sale technology using MasterCard’s PayPass contactless payment technology began at

more than 1,400 McDonald’s locations across Canada this summer.

Customers can use the PayPass technology within cellphones or credit cards to quickly and securely pay for their purchases with a tap of their card or phone on a PayPass point-of-sale terminal.

PropertyGuys links with RealtysellersDiscount real estate sales franchise

PropertyGuys.com Inc. has teamed up with real estate brokerage group Realtysellers Real Estate Inc. to create one of the largest real estate enterprises in Canada.

“Canadians are set against paying billions of dollars annually in high commissions to tra-ditional real estate companies. By partnering together, PropertyGuys.com and Realtysellers will be uniquely positioned to deliver the broad-est range of professional services at a more rea-sonable cost,” said Lawrence Dale, president and CEO of Realtysellers. “This is a real game

News, views and updates on Canada’s franchise industryCalifornia-based CKE Restaurants Inc.,

the operator of Carl’s Jr., has opened a new outlet in Kelowna as it continues discussions for new franchise agreements in Vancouver and three other western Canadian locations.

CKE, through its subsidiaries, has a total of 3,202 franchised, licensed or company-operated restaurants in 42 states and in 23 countries, including Canada. There are 1,278 Carl’s Jr. restaurants and 1,914 Hardee’s restaurants in the chain.

“We are very excited to launch Carl’s Jr. in Kelowna with our great partner CKE Restaurants,” said John Dowling, president of Jove Franchise Development Corp.

Jove is seeking qualified franchisees to develop the brand across Canada. “With our longstanding history of successfully operating the Carl’s Jr. brand in the Western

United States, it was a natural progression to open the brand in Western Canada,” said Andrew Puzder, CEO of CKE. “We are confident that the strength of our brand combined with Jove’s management expertise and passion for our brand will secure a bright future for Carl’s Jr. in the Canadian market.”

Known for its quirky advertisements and healthy turkey burgers, the fast-food chain is taking a cue from more upscale restaurants with its steakhouse offering.

A Carl’s Jr. turnkey franchise requires an investment starting at $1.3 million, including an initial franchise fee of $35,000, good for 20 years, plus a royalty fee of 4 per cent.

Phot

o: C

KE R

esta

uran

ts I

nc.

Carl’s Jr. opens in Kelowna as part of its Western Canada expansion.

changer for how the industry will operate from now on and a huge win for consumers.”

Ken Leblanc, president and CEO of PropertyGuys.com said the union would lead to lower fees for clients and “access to broker-age services that were previously off limits.”

Realtysellers will initially manage and pro-vide brokerage services for customers listing their property on www.realtor.ca, the national MLS service provided by the Canadian Real Estate Association. Soon the partnership will offer full services with low-cost inte-grated brokerage and non-brokerage services to customers, Dale said.

Food chain swallows Mr. SubMontreal-based MTY Food Group Inc.

has purchased Mr. Submarine Ltd. for $23 million cash.

MTY, the franchisor and operator of vari-ous quick-service restaurants such as Thai Express, TacoTime and Sushi Shop, said the purchase is its biggest to date and will help it reach new customers.

“It does increase our presence outside the food court [the main location of MTY restau-rants],” said Eric Lefebvre, vice-president of finance of MTY. The deal closed in late summer.

Mr. Sub, a privately owned 43-year-old company has 335 stand-alone and mall food court restaurants across the country that are under franchise or operator agreements.

About 80 per cent of Mr. Sub’s restaurants are in Ontario, with the rest spread out in six other provinces, MTY said. The Mr. Sub outlets will expand MTY’s network to 2,070 restaurants.

It’s too soon to say if there will be any changes to Mr. Sub restaurants, Lefebvre said.

MTY said the acquisition of Mr. Sub is in line with its strategy to acquire profitable

chains that diversify its food offerings and strengthen its market share. In fiscal year 2011, Toronto-based Mr. Sub generated sales of more than $100 million, it said.

The Mr. Sub acquisition is the second that MTY announced this year. The company said it will acquire restaurant chain Koryo Korean BBQ Franchise Corp. for $1.8 million in cash. Koryo has 20 mostly franchised restaurants in Alberta, British Columbia, Saskatchewan, Ontario and Quebec.

Famous Dave’s chooses WinnipegFamous Dave’s of America will open its

first international location in Canada in Winnipeg in June 2012, the company reports, in a deal with local native councils.

A subsidiary of Winnipeg’s Tribal Councils

Investment Group (TCIG) has acquired the first Canadian franchise of Famous Dave’s barbecue restaurant, after nine months of negotiations.

Winnipeg-based TCIG is a private equity investment fund owned by the seven tribal councils of Manitoba.

Famous Dave’s chief executive Christopher O’Donnell said the company chose TCIG because of its growth and diversified busi-ness. TCIG also owns and operates the master franchise of Wok Box, a quick-food-service Asian concept, and Arctic Beverages Ltd., which services the largest territory in Canada with Pepsi and Frito-Lay products.

Minneapolis-based Famous Dave’s was founded in 1994. Based on its U.S. pricing formula, a Famous Dave franchise requires a minimum investment of $630,2500, with an initial franchise fee of $40,000, plus a 5 per cent royalty fee.◆

– Compiled by Kevan O’Brien

Tap-and-go pay system speeds McDonald’s.

Phot

o: M

cDon

ald’

s Ca

nada

[email protected]

Grow with us in Kelowna, Calgary, Aidrie, Okotoks, Edmonton, Grande Prairie, Saskatoon, Regina & Winnipeg

Are you an entrepreneur? Coffee lover? Service specialist? Talk to us about joining our franchisee network – over 350 cafés strong across Canada.

NEW Franchise Opportunities !

Independently owned.Uniquely Canadian.™

MEMBER

B32 www.westerninvestor.com NOVEMBER 2011 WESTERN INVESTOR

western investor november 2011 section b

Documents

t er e cr e ce c r e

soldr e c r e

s s u e

e s te s te s t

r er er e

n o v e

t i o n

t i ot