Western Investor November 2012 Section A

Build on the Power of Our Network. Over 350 Offices Worldwide.

www.naicommercial.caCommercial Real Estate Services, Worldwide.

• 2,050 sf of bright, nicely finished corner strata unit in downtown Langley

• 5 offices, large reception, kitchen, bathroom, storage and 10 dedicated parking stalls!

• Great for professional offices or retail.• Asking: $628,000

gary niesner 604-514-6832 or 1-800-890-9855 [email protected] Don & angie MacDonalD 604-534-7974 or 1-800-890-9855

Commercial/Industrial LandHighway 1 Access and

Exposure

Adjacent to future FLYING JTruckstop and Subway

• Up to 22+ Acres Total

• Owner will subdivide to suit

• Industrial or Commercial uses

• Full Highway Frontage

ASKING: Contact Listing Broker

CommErCIAL STrATA oFFICEFor SALE

20688 56TH AvENuE, LANGLEY

For SALE CommErCIAL propErTY/zoNEd C-3LANGLEY – FrASEr HwY FroNTAGE

INduSTrIAL For LEASE15,000 – 30,000 +/- Sq. FT.

LANGLEY

• Excellent for Manufacturing/Distribution Centre

• 30,000 sq.ft. +/- - Vacant• Can be demised into 2 bays• 20’ ceiling height – clear span• Heavy power• Extra large grade and dock loading doors• $5.75 sq.ft. net• Outside yard storage available

• Frontage on Fraser Highway, Langley • C3 uses include Dealerships, Home

improvements, Automotive, Retail, etc.• Total of 2.57 +/- acres – 6 separate title• Property includes 3 service bay building

with extra height for RV service• Redevelopment site to Commercial/Multi-

family/Seniors • Secured lot• Owner may lease back a portion• Front retail space for Lease with sales

centre/offices • Business not included• $2,850,000 • Rare Opportunity – Current

business has been there for 50+ years

.45 acre 3 parcel corner site on commercial corridor. Potential

to split into single family lot & 4 storey condos with ground level

commercial. Existing holding revenue from 7 tenants $87K

$1,790,000 / $92 psf

Don ellis, ri 604-691-6668 [email protected]

CommErCIAL STrATA uNITS

Retail ............ 569sqft, 696 sqt, 740 sqft

Office............1114 sqft ............$358 psf

Penthouse.....7500 sqft ...........$264 psf

Restaurant.....5867 sqft ...........$218 psf

Warehouse.....1925 sqft. ..........$165 psf

NAI buSINESS AdvISoRy Sold lIStINgS

Recently sold businesses with Real Estate

• Metal fabricating $1,750,000 (including Property)

• Excavating business $3,900,000 (including property)

• Pub and Restaurant $3,200,000 (including property)

• Industrial moving $5,400,000 (plus 10 year lease)

We have qualified purchasers for these types of businesses

and properties

KEN KIERS* 604-534-7974 1-800-890-9855

[email protected] *Personal Real Estate Corp.

MERRITT, BC oppoRTunITIEs

GrEAT vALuE

• 53 Unit Townhouse Site

• 4.1 Ac. R3 M-F zoning

• Services at street

• Asking $699,000

1/2 ACrE C-3 LoT

• New Dev. Nearby

• Close to Wal-Mart

• Only $239,000 or TRADE?

3 LIGHT INd. LoTS

• 0.43 Acres Each

• New Price $59,000 Each

alf sanDerson 604-657-5638 [email protected]

chris langhaug 604-534-7974 or 1-800-890-9855 [email protected]

dEvELopmENT SITESNew westminster

1.10 acre 2 parcel site in high profile corner location. Potential for 4 storey condos with ground

level commercial.$4,890,000 / $101 psf

Call Jon Meder or Don Ellis604-683-7535

North of the Fraser river

$4.29 NOVEMbEr 2012 Vol. 27/issue 11vancouver • LoWer MaInLanD • vancouver IsLanD sectIon

coMMercIaL reaL estate, FrancHIses anD BusIness oPPortunItIes

Smokey Point Boulevard Acreage Supports New Commercial Hub!

Call JEFF (604) 288-7473 www.copacrealestate.com

• One-of-a kind 69+- acres continuous commercial land in path of progress• Owner is retiring and wants to sell - possible owner contract• Overpass nearing completion (Nov 2012) and abuts property - Walmart, Costco nearby• Permit ready, mitigation, wetlands completed• Priced below market at 4.50 psf...13.5 million

0 6 0 3 5 8 1 8 2 9 1 9

1 1

Publications Mail agreeMent 40069240

SIZZLING SUN BELT Phoenix realtor Todd Smith: still “buy of a lifetime,” but Canadians find bargains are scarce as inventory shrinks 16

11 SOUTH SURREY Glut feared as construction of condos and offices roars on

6 WESTERN PERSPECTIVE9 RETAIL UPROAR15 GOLF PLAY PAYS OFF

21 11 LEASING TIPS23 JUROCK’S OUTLOOK27 DONE DEALS

A2 Lower Mainland www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTOR

cushmanwakefield.com | 604-683-3111*Personal real estate corPoration. ***craig haziza is licensed with cah realty inc. and has a contractual relationshiP with cushman & wakefield ltd. the information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by cushman & wakefield.

• Direct river views; superb• Rear dock & grade loading

(165 ft between buildings)• Unique opportunity on north side of

Fraser River - Completion Spring 2013

• Stable income with growth• 43,283 sf total building area on 2 properties• Combined site area - 2.87 acres• Opportunity to build approx. 9,000 sf of

additional office/retail space

• Holding income with underlying land value• 11,310 sf C-2 corner site• Lease to Husky Oil up for renewal in 2013• Asking Price $4,750,000

• M-2 Industrial & A-2 (non ALR) zoning• Full services nearby• Under $50,000 per acre

• 33.48 acre commercial & residential development site

• Large assembled & serviced development site across the highway from Wal-Mart

• Over 2,300 sf frontage on Lougheed Highway• Asking Price $29,500,000

• 16,600 sf | 100% leased | 7 tenants• 10 office and retail strata lots• Located within a block of the

Evergreen Line Skytrain Station• $5,999,000

• Corner of Main and 5th Avenue• Lot size 8,718 sf (may be combined with

neighbouring site)• 6,600 sf building (holding income/demo clause)• Price $3,800,000

• 2,000 feet oceanfront• Never before available to purchase• Purchase as a whole - Offers considered

on separate titles• Asking Price $24,500,000

• Located along Cambie Street at W. 35th Ave• Walking distance to Queen Elizabeth Park,

Oakridge Mall and Canada Line stations• 23,000 sf site on 3 lots• Designated for 6-storey residential development

• 22,300 sf on 6.97 acres• Level and graded corner lot• Long term lease, strong tenant• Rail serviced• Asking Price $2,300,000

• 1 block from King Edward Village• Approximately 1,600 sf main floor and

1,600 sf second floor• Main floor leased; second floor currently vacant• Perfect for owner/user

• 12,872 sf warehouse built in 2011• 1 grade and 2 dock loading doors• 26’ clear ceiling height• 600V/200Amp electrical service• Price $1,675,000

• Fully leased to Scotiabank escalating lease• C3A zoning 50’ x 125’ lot• Great future redevelopment• Asking $4,280,000

• Approximately 1,000 sf of office space• 8,000 sf warehouse + mezzanine, yard

and parking• 2 grade level bay doors• Price reduced to $1,690,000

• Excellent exposure on Lougheed Highway• High quality design and construction• New building partially leased to liquor store• Price $3,050,000

• All rooms and lobby newly renovated• 5 year lease to the Pantry Restaurant• Pub space with liquor license included• New Price $4,500,000

• 2.43 acres of M-1 zoned land• 5,731 sf freestanding office/shop• Nickel Bros. relocating• Asking Price $3,595,000

• Up to 15.097 acres of agricultural land with holding income

• Intersection of Steveston Hwy. and No. 4 Road• 3 legal parcels• Asking Price $7,145,000

• NOI (year 1) $541,032 escalating to (year 15) $644,014

• Tenant - West Coast College of Massage Therapy - 5 colleges across Canada

• Asking $9,870,000

• AAA covenant• New lease• NOI $96,600• Price $1,757,000

• One block north of East Hastings Street• Minutes away from Downtown Vancouver• 2.31 acres | 100,856 sf• Call listing agents for the asking price

• 2.2 acre High Density Residential site• 22-45 units per acre (Townhouses or Condos)• Surrounded by new development - up to

8.8 acres available• Price $3,600,000

• Long term national tenant• $312,000 annual income• Up to 15,000 sf warehouse space available

• 3,406 sf site• Vacant two storey building• Asking $3,380,000

• Easy to manage• Tenants: Speedy Glass and ALTECH Auto• NOI $57,674• Price $1,065,000

• 3.2 acres with prime exposure• Fully gravelled and fenced• 4,480 sf Quonset Hut; 3,600 sf Shop;

1,200 sf House• Environmental Phase I and II complete

• Retail Centre on Lougheed Highway• Two buildings totalling 13,732 sf• Large 40,000 sf site• Asking Price $3,850,000

• 90 acre residential development site• PHASE I: Fully serviced 37 single family lots

and 12 bare land strata titled lots• PHASE 2: Serviced to lot line• Asking Price $8,000,000

• 43,000 sf industrial building on 2.45 acres• Excellent access to Lougheed Highway,

Highway 11 and the Mission Bridge• Reduced Sale Price $3,050,000

• Prime location in the heart of the financial district

• New construction completed in 2011• ‘AAA’ quality office space on 6th & 7th floors• Fully automated underground parking garage

riverfront industrial units from 7,955 sf

for sale1993 RIVERSIDE AND 34252 & 34314

MARSHALL ROAD, ABBOTSFORD

for sale - west side gas station on c-2 site

1010 W. KING EDWARD AVE, VANCOUVER

118 acre consolidated parcel

14195 256TH STREET, MAPLE RIDGE

for sale - missionLOUGHEED HIGHWAy AND

WREN STREET, MISSION

for sale - lincoln centre3030 LINCOLN ROAD, COQUITLAM

vancouver development site

2106 MAIN STREET, VANCOUVER

tofino zoned campground/commercial totalling over 116 acres

cambie corridor development site

5129, 5149 & 5169 CAMBIE ST, VANCOUVER

for sale - prince george2001 INDUSTRIAL WAy, PRINCE GEORGE

corner property along kingsway corridor

1295-1299 KINGSWAy, VANCOUVER

for sale - large bay strata warehouse

UNIT 106 - 2455 192ND STREET, SURREy

for sale - corner of broadway and oak

1004 WEST BROADWAy, VANCOUVER

price reduced-saanichton industrial property

6701 OLDFIELD ROAD, SAANICHTON

for sale/lease21755 LOUGHEED HIGHWAy,

MAPLE RIDGE

for sale - 61 room hotel with restaurant

LOUGHEED HIGHWAy, MAPLE RIDGE

2.43 acres industrial in port coquitlam

1528 BROADWAy ST, PORT COQUITLAM

agricultural land investment opportunity

11020, 11100, 11300 NO 4 ROAD, RICHMOND

15 year sale lease back613 COLUMBIA STREET,

NEW WESTMINSTER

solid investment great corner

1613 BOWEN ROAD, NANAIMO

full vancouver city block for sale

1909 FRANKLIN & 200 VICTORIA DRIVE

prime east clayton development site6595 196TH STREET, SURREy

for lease/sale2835 DOUGLAS STREET, VICTORIA

west end retail building1674 DAVIE STREET, VANCOUVER

two-tenant property2305 48TH AVENUE, VERNON

for sale - rare m-7 (salvage) industrial zoning site23360 FRASER HIGHWAy, LANGLEy

for sale mission square centre

MISSION

for sale harrison highlands

KENT

for sale32860 MISSION WAy, MISSION

jameson house offices for sale/lease

VANCOUVER

rick eastman* bart vanstaalduinen*

hudge parmar* | burton van alstine* brett aura bill randall* | randy swant* bill randall* | hudge parmar*

craig haziza*** | craig ballantyne* craig haziza*** mark gallagher bart vanstaalduinen* | brett aura bill randall*

kyle wilson | craig haziza***kevin volz* | andrew green*

jot mattucraig haziza***

jon buchanan | anne tanner call 250-410-3000

brett aura | craig ballantyne*

brett aura | chris driver* don duncan*

kevin volz* | rick eastman* hudge parmar* | lee blanchard andrew laurie | max zessel eric walker

robert stokes | boe iravani chris andersonburton van alstine* | hudge parmar*

anne tannertyler pridham eric walker

bill hobbs* bill randall* | brett aura bill randall* bill randall* mark trepp* | boe iravani

PRICED REDUCED


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

VancouVer • lower mainland • VancouVer island section contents noVember 2012

FEATURES16 ON THE COVER Rising from the ashes Phoenix, Las Vegas ascend from 2008 housing crash

9 “New blood” changing retail scene American invasion reshapes prime Vancouver strolls

11 South Surrey: Real estate glut warning Speculative construction defies demand outlook

23 What Ozzie Jurock sees on horizon Annual Outlook Conference shares good and bad news

COLUMNS6 WESTERN PERSPECTIVE21 lEaSINg NEgOTIaTIONS27 DONE DEalS

On the coverPhoenix realtor Todd Smith: Canadians can still find houses for less than US$200,000, but foreclosure deals disappearingPhoto: AZ Performance Realty (Phoenix)

2–24 LOwER maiNLaNd 8-9 sERViCEs 25 sEa-TO-sky/suNsHiNE COasT REgiON24–27 VaNCOuVER isLaNd

aDVERTISINg DIRECTORy

MORE OPPORTuNITIES …• iNTERiOR b.C. • aLbERTa • OTHER pROViNCEs• fRaNCHisEs

… sEE sECTiON b

LIFESTYLE PROPERTIESs p E C i a L s E C T i O N • a 1 4

✓ ✓VALUE FOR $ GOOD RETURN ✓ TENANT COVENANT ✓ UPSIDE ✓ CAREFREE

CALL Don MunroSUTTON GROUP

WEST COAST REALTY

604-817-7338 [email protected]

COMMERCIAL/INDUSTRIAL COMMERCIAL/INDUSTRIAL ACREAGESACREAGES

EVANS ROAD

TRAN

SCAN

ADA

HIGH

WAY

OLD

ORCH

ARD

ROAD

TRAN

SCAN

ADA

HIGH

WAY

ACREAGES

Prime Agricultural and Commercial / Industrial

Real Estate

SURREY

11151 Bolivar St & 13340 112 Ave $2,750,000• 2.3 Acres (on corner)• Zoned CHI (Highway Commercial)

LANGLEY

203-20771 Langley Bypass $750,000• +/- 3,864 sq.ft. commercial strata• Fully leased • Excellent Investment Property

CHILLIWACK

45116 Yale Road 1.376 Acres• Excellent location just off Evan’s Road Exchange• Exposure, Exposure !!!• Currently M2 zoningCall For Price & Additional Information

44085 Yale Road West $1,250,000• 1.01 Acres • Excellent TransCanada Highway Exposure Property• M2 Zoning (sales, manufacturing, distribution,

warehousing, food processing & outside storage are allowable)

45116 Yale Road 8558 Chilliwack Mountain Road 7730 Old Orchard Road

48th Avenue & 216th Street Open to Offers• 45.82 Acres (two parcels) • Possible Future Potential?

27691 Downes Road REDUCED • 26 Acres • Potential Berry Land??• Large Shop & Barn/Storage

CHILLIWACK50915 Ruddock Road $649,000 $598,000 • 2.496 Acres

• Excellent view property • close to many amenities• Beautifully fi nished +/-2 year old two-storey home

with full fi nished basement

51140 Ruddock Road $850,000 • 27.98 Acres with potential for 11 lots !• Private, yet in close proximity to many amenities

700 Columbia Valley Road $1,300,000• 25.51 Acres of Prime Farm Land• Build your dream home here!

LANGLEY27465 60th Avenue $1,299,000• 5 acres w/ beautifully renovated log home• Large paved drive, lots of parking for large trucks• Ask about possible future upside

“Trophy Farm” $9,800,000• 550 gallon per minute water supply• 12,583 sq.ft. home • Warehouse/shop, offi ce, barn• 100+ acres fenced and cross fenced

“Bare Farm Land” $3,500,000• +/- 50 Acres • prime hayland • Terrifi c location• Relatively fl at farmland & perfect for most crops

24453 60th Avenue $2,600,000• Large 48 Acre parcel (divided from original 77.2 acres)• Located on the northern portion of 244583 60th Ave• SR-1 zoning & section zoned P2-G

889 Lefeuvre Road $5,800,000• 26.6 Acres • Mushroom Farm• Shop/Composting Facility• Growing Barn & Multi-Use Building

7700 240th Street Open to Offers• Remodelled!! 16.2 Acre panhandled shaped lot• Large +/- 3,253 sq.ft., 3 bedroom rancher• +/- 1,126 sq.ft., 2 Bedroom Basement Suite• Jetted tubs upstairs & downstairs

44109 Yale Road West $1,210,000• 0.8 Acres • Home and large shop• Excellent TransCanada Highway Exposure Property• M2 Zoning

8558 Chilliwack Mountain Road $6,000,000• 10.687 acre Vacant Industrial Lot• Zoned M3 (General Industrial) & M4 (Heavy Industrial)• Level lot with a compacted gravel base• Great Location and a Great Price !

• NO REASONABLE OFFER WILL BE REFUSED !!

OFFERS

A4 Lower Mainland www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTORWESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com Lower Mainland A5

3221 140th Street, South Surrey, BC

Vancouver 604.736.5611Fraser Valley [email protected]

• Located in Downtown Prince George - near transit • 94 units/11 Bchlr /35 1-Bdrm/47 2-Bdrm • Recently fire damaged & vacated. Insurance money available for buyer to repair or seller will deliver the bldg ready for occupancy

• DesirableGranville&W.16thlocation • Very well maintained building • Current rents are below market • Good upside potential

• $4,795,000

Co-listed with: GARYKHAN604-714-4799 [email protected]

• Highprofilelocation,closetotransit• 75,000sq.ft.total• 40,000sq.ft.availableimmediately• LeaseRate$12/sq.ft.(longterm)• Forsale$17M

• 27256 Fraser Hwy, Aldergrove

• Burnaby, BC

• 1530 - 1600 Albatross Ave, Kitimat

• Prince George, BC

• 1536 16th Ave, Vancouver

94 Unit Hirise Apartment Bldg. For Sale

South Granville - 14 Unit Apartment Bldg.

Office Building For Sale / Lease

Kitimat BC $31,250 per Unit

• Par72,6616yards,18holesChampionshipGolfCourseon159Acres • 12,000sq.ft.clubhousewithpro-shop,restaurant,loungeandbanquetfacilities • Fullsizedrivingrangeandlargepracticefacilities •Preliminary plans for a 200 room hotel and convention centre • 8,000sq.ft.custombuilthome

ERIC POON604.714.4768

Rare Golf Course Opportunity For Sale | Vancouver Island

BRUCE LONG CCIM 604.312.2000 DAVID FITZGERALD 604.714.5522 • Centralcommercialfrontageintown

centre on main street. • Building6,500sqft/Lot66’X120’ • Canbere-configuredinto3units(2,000SF) all w/ street frontage. • Mixeduseredevelopmentpotential • Guaranteed 3-yrleasetoyieldnear6%yield • ListPrice:$750,000

MACDONALD COMMERCIAL REAL ESTATE SERVICES LTD.

Sparkling Commercial Investment Waiting for you 6% cap

BOB SCR AGG PREC 604.290.2906 [email protected] APARTMENT BUILDINGS FOR SALE

PLE ASE VISIT WEBSITE FOR MORE LISTINGS

Subscribe to our newsletter

online

CHRIS MIDMORE 604.714.4786

Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.

•SolidConcrete5,000SFoffice/retailbuilding on 3/4 of an acre at a busy intersection

•Zoningpermitsadditionaldevelopmentupto 25,000SF• Idealforowner/user

•AskingPrice$2,388,000

South Surrey Office/Retail Building For Sale

SALES . LEASING . STRATA MANAGEMENT . PROPERTY MANAGEMENT

• 7%caprate• 12strata-titledcondominiums• 11-Bdrm/112-Bdrms• $995,000

• Chinook Manor - Brooks, Alberta• 2355 Marshall Rd., Kelowna, BC

42 Suite Apartment Building - Kamloops

Multifamily Investment Opportunity - Alberta

34 Suite Downtown Apartment Bldg.

DAN SCHUL Z 778.999.5758 [email protected]

DAN SCHUL Z 778.999.5758 www.bcapartmentinsider.com

43-Pad Mobile Home Park - Kelowna

Selling Apartment Buildings in B.C. Since 1998

Dan Schulz 778.999.5758 Gary Webb 604.714.4780

• Residences at Sun Valley Ridge • 859 Thurlow St, Vancouver, BC

• OneblockoffRobsonStreet • NewlyRenovatedHeritageBuilding 22 Bach / 12 1-Bdrms

• New Plumbing, New Electrical & New Windows,NewEverything! •WirelessInternet,ExerciseRoom • ListPrice:$8,500,000

• Solid,42-SuiteApartmentbuildingonlarge corner site• 7%caprate• Centrallocation,nearshopping and transit•231-Bdrms/182-Bdrms/1Bach• $3,880,000

[email protected]

[email protected]

• Greatreturnonverylowrents• Someworkrequiredbutopportunityto increase rents significantly - Huge Upside • 80Units,9%caprate• $2,500,000

•50,000sq.ft.brickblockschool buildingon6.8acres$900,000

School Foreclosure, Fruitvale, BC

www.macdonaldcommercial.com

For more listings visit:

Outstanding Service Strong Local and International Client Base

Over $400 Million in Multi-family Real Estate SOLD

• OutstandinglocationinthesunnyOkanagan • FutureDevelopmentPotential

• 6.517Acres

• $5,500,000


Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. DTZ Barnicke Vancouver Limited, Real Estate Brokerage 11/2012.

OWNER/UsER OppORtUNity

1407 East Georgia St, Vancouver22,618 sq ft building with secured fenced yard • Multi tenant facility 33,301 sq ft lot • 281’ frontage

Ryan Saunders, Mitch Ellis

REtail iNvEstmENt

1088 Seymour, Vancouver1,182 sq ft • Downtown location

Tenanted - 5 year leaseHigh exposure corner

James Bayley, Meghan Kennedy

iNvEstmENt OppORtUNity

3560 Moncton Street, Richmond6,400 sq ft building

Key corner location • Centre of Steveston Village • Surface parking

Steve Schweigert

DEvElOpmENt OppORtUNity

2117–2121 Kingsway, Vancouver99.03’ x 120.9’ site • Holding income

C-2 zoning • 2.5 FSR • Close to Norquay, Victoria Dr & transit



904, 908–990 Victoria St., Kamloops1.377 acres • C-4 zoned

$216,000 gross rents • Two buildings on 9 lots • Asking $1,995,000

Steve Caldwell, Murray Wills

iNDUstRial salE

54370 Bridal Falls Road, Chilliwack14.165 acres • Development potentialExposure and access to Highway 13 phase power • Covered storage

Rand Thomson, Sebastian Espinosa

REtail stRata salE

1436 Portage Road, Pemberton6,758 sq ft strata for sale

Surface & underground parking High exposure location • $1,950,000

Don Mussenden, Steve Schweigert

iNDUstRial stRata salE

124 & 125, 18525 53rd Ave, Surrey4,189 sq ft corner unit

3 phase power • Grade loadingCloverdale Business Park

Sebastian Espinosa, Tony Capolongo


12682 82nd Avenue, Surrey24,700 sq ft on 1.19 acres

Fully leased generating $180,870 per annum • Asking $3,400,000

Tony Capolongo, Sebastian Espinosa

iNDUstRial salE

107 & 108, 3060 Norland Avenue, Burnaby

2,576–5,888 sq ftNicely finished dock loading strata units

Phil Gibbons, Steve Caldwell

DEvElOpmENt sitE

13061 King George Blvd., Surrey5.34 acre site • Between Scott Road

& Gateway stations • Residential/Industrial per OCP • NEW PRICE!

Rand Thomson, Sebastian Espinosa

REtail salE/lEasE

906 Main Street, Vancouver4,314 sq ft on two levels • Restored heritage building • 5 parking stalls

High exposure corner location


King George Blvd

iNDUstRial stRata salE

#7 & 8, 1740 Broadway Street, Port Coquitlam

5,109 sq ft • 19’ clear ceilingsExcellent truck maneuvering

Steve Caldwell, Phil Gibbons

DEvElOpmENt OppORtUNity

2450 Ticehurst Lane & Gately Avenue, Port Coquitlam

32,381 sq ft site • River frontage 48,571.5 sq ft of buildable density

James Bayley, Chris McIntyre

COmmERCial stRata

1150 Marine Drive, North Vancouver2,521 sq ft retail space

Great exposure • Close to transit High traffic location


DTZ is now a part of UGL Services. The combined business creates one of the largest property service companies in the world. For more information on our available properties and a range of commercial services please contact us today. Tel: (604) 684 7117 www.dtzvancouver.com

MULTIPLE OFFERS

43 Units/2 BuildingsClose to amenities

Gross Income $222,893

PORT ALBERNI

11 Units – Great ConditionPenthouse with views


WEST SIDE

12 Unit Apartment BuildingPrime Lonsdale LocationGross Income $125,029

NORTH VANCOUVER

58 Unit/Concrete HighriseExtensive Renovations


KELOWNA

21 Unit Apartment BuildingWalk to river, shops, WC Express


MAPLE RIDGE

Two Buildings – 39 UnitsSold together/Dev Site


NORTH VANCOUVER

APARTMENT BUILDING SPECIALIST

WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com Lower Mainland A7A6 Lower Mainland/Business Opportunities NOVEMBER 2012 WESTERN INVESTOR

Publisher Cheryl Carter Editor Frank O’Brien Con-

tributing Writers, Dave Husdal, Geoff Kirbyson, Glen Korstrom, Peter Mitham, Sylvie Paillard, Norm Parks, Chad Saxon, Dale Willerton Copy Editor Noa Glouberman Production Manager Rob Benac Production Natalie Reynolds, Tanya Van Advertising Sales Christine Campbell, Gary Takahashi, David Witherspoon Advertising Sales Coordinator Angela Foster Accounts Receivable Yvonne Posch Circulation Veera Irani, Newsstands Globe Distribution Services Printed in Canada at Kodiak. Western Investor is published monthly by BIV Media Limited Partnership VANCOUVER – HEAD OFFICE: 102 East 4th Avenue, Vancouver, B.C. V5T 1G2 Subscriptions and Advertising Sales Tel: 604-669-8500 Fax: 604-669-2154 Canada/U.S. toll-free: 1-800-661-6988. Canadian publications mail product sales agreement #40069240, GST #105655567. Copyright 2002. While every effort is made to ensure the accuracy of articles and advertising that appear in each edition of Western Investor, the publisher may not be held responsible for any errors or omissions that may from time to time occur. No part of this publication may be quoted or reprinted in any medium without the express written permission of BIV Media Limited Partnership.

BC Ferries has earned its bad online rep

The Kootenay Lake car and passenger ferry makes a 35-minute trip from Balfour to Kootenay Bay every hour. And it is free, as are all 14

ferries in the B.C. Interior.From the ferry terminal at Horseshoe

Bay, a multibillion-dollar highway was built linking West Vancouver to Whistler. And it is free.

Ye t B C F e r r i e s ’ Horseshoe Bay-Sunshine Coast route, a 35-minute trip across Howe Sound, costs $62.50 for a car and driver – and these fares are about to increase after jumping 45 per cent in the past five years.

This reflects the unfair treatment that coastal communities have endured for decades. The result has been the slow strangulation of what should be a thriving coastal economy. As one sports fisherman noted recently, it would have cost him $400 to tow his small boat onto the Vancouver Island ferry – so he decided to take his boat and his money somewhere else. The same

can be said for RV owners, who naturally balk at the spiralling cost of ferrying even a modest-length vehicle.

Recently this absurd situation has come to the attention of major online tour-ism sites. This is ironic because the key reason BC Ferries fares have increased is because the corporation that runs it has

tried to turn a transportation necessity into a tourist attrac-tion. Onboard the bigger ferries there are now fancy dining menus, hardwood

laminate flooring, games rooms and free Wi-Fi – and a quickly declining number of passengers.

“We travelled extensively on Washington-state ferries and a 20-minute sailing cost the three of us and our car under $15. A similar route in a similar ves-sel run by BC Ferries would cost four times that amount,” stated one commenter on the popular TripAdvisor web page.

To combat the loss of passengers, BC Ferries plans to raise rates by 4 per cent per year for the next three years – and cut

service. Yeah, that should really encourage ridership.

Meanwhile, inland ferries remain free by offering the basic transport that makes it possible. Ride the 20-minute ferry across the Arrow Lakes and your car sits on an open deck surrounded by natural beauty, not by union staffers trying to look busy.

The solution to BC Ferries is sim-ple: cut the high-paid administration and employees, jettison the fancy frills and concentrate on offering simple, consistent transportation to serve local residents and the economy.

NEXT MONTH Western Investor publishes its annual “Residential Outlook” for the coming year; we visit ski resorts and study native land leases across the West. Our regional report-ers file from North Battleford, Okotoks and Victoria.

FRANK O’[email protected]

ADVERTISING DEADLINE DECEMBER 2012 issue: November 13, 2012

Western perspective

Head = BC Ferries has earned its bad online rep

The Kootenay Lake car and passenger ferry makes a 35-minute trip from Balfour to Kootenay Bay every hour. And it is free, as are all 14 ferries in the B.C. Interior.

From the ferry terminal at Horseshoe Bay, a multi-billion dollar highway was built linking West Vancouver to Whistler. And it is free.

Yet the B.C. Ferries’ Horseshoe Bay – Sunshine Coast route, a 35-minute trip across Howe Sound, costs more than $60 for a car and driver – and these fares are about to increase after jumping 45 per cent in the past five years.

This is the unfair treatment that those living in coastal communities have lived with for decades.

The result has been the slow strangulation of what should be a thriving coastal economy. As one sports fisherman noted recently, it would have cost him $400 to tow his small boat onto the Vancouver Island ferry – so he decided to take his boat and his money somewhere else. The same can be said for RV owners, who naturally balk at paying the spiraling cost of ferrying even a modest-length vehicle.

Recently this absurd situation has come to the attention of major online tourism sites. This is ironic because the key reason BC Ferries fares have increased is because the corporation that runs has tried to turn a transportation necessity into a tourist attrac-tion. Onboard the bigger ferries there are now fancy dining menus, hardwood laminate flooring, video games rooms and free WiFi – and a quickly declining number of pas-sengers.

“We travelled extensively on Washington State ferries and a 20-minute sailing cost the three of us and our car under $15.00. A similar route in a similar vessel run by BC Ferries would cost four times that amount,” states one report published on the popular TripAdvisor web page.

Adds another disgruntled visitor to the site: “One of the biggest money grabbers in the province. Now it’s “gouge” the riders as much as possible and then cry foul because they’re not making as much profit.”

To combat the loss of passengers, BC Ferries plans to raise rates by 4 per cent per year for the next three years – and cut service. Yeah, that should help a lot.

Meanwhile, the Inland ferries remain free of charge by offering the basic transport that makes it possible. Ride the 20-minute ferry across the Arrow Lakes and you bring your own food and drink and your car sits on an open deck surrounded by natural beauty, not by union staffers trying to look busy.

The solution to the BC Ferries is simple: cut the high-paid administration and employees, reduce the fancy frills and concentrate on offering simple, consistent trans-

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WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com A9

Reports that downtown storefront vacancies constitute a slowdown in retail demand in Vancouver are

flat wrong, says Neil McAllister of DTZ Barnicke, Vancouver.

Instead, McAllister says the vacancies along Robson Street, for instance, simply reflect a dynamic market undergoing a dra-matic change.

“There is a lot of new blood coming into the market and, finally, turnover creating opportunities for U.S. retailers who have been trying to get into this market. And they are coming in droves.”

McAllister quickly listed the big American brands that are muscling their way into down-town Vancouver, including Victoria’s Secret, Forever 21 – which has taken 20,000 square feet for a flagship store on the 1000 block of Robson – J. Crew and Nordstrom, which will open 230,000 square feet of tri-level space on the site of the old Eaton’s building by 2015.

As well, McAllister said, Old Navy has inked a deal for 13,000 square feet at Robson and Granville.

And high lease rates are not deterring tenants, he said, adding that prime Robson Street fronts can demand from $160 to $210 per square foot.

The fresh blood is also spilling into down-town malls, DTZ Barnicke notes in a recent retail report. Hudson’s Bay Co. is renovating

its flagship store on West Georgia and will introduce a 33,000-square-foot Topshop and Topman into the mix. Pacific Centre is also expanding by converting the basement level to retail space, the report said.

Enclosed malls Metro Vancouver’s enclosed retail sector, in fact, is undergoing a boom with a dozen malls across the region either being built or expanding.

Retail analysts say that it has been a long time since there has been so much activity in the enclosed mall sector but that the renais-sance in new space does not necessarily mean that there will be a glut of retail space or that current retailers will suffer lost sales.

New malls, such as the outlet-style mall that the Vancouver International Airport Authority and McArthurGlen Group are planning to build near YVR, target a new niche and lure shoppers that might normally have shopped at a conventional regional mall, said Thomas Consultants managing princi-pal and retail consultant Michael Penalosa.

“They’re creating a new destination,” Penalosa said. “Sure, there’s more retail, but they’re trying to grab a new type of customer segment – one which is looking for specific goods at a specific price point.”

He pointed to Colliers International sta-tistics released earlier this year showing that Vancouver has comparatively little enclosed retail square footage per capita compared with Toronto. The study showed that Toronto has 24.11 square feet of mall and power-centre retail space per person. In Vancouver,

FEATURE “New blood” – including American – shakes up malls, suburbs and downtown leasing

FRAnk o’bRiEn/glEn koRsTRom

WESTERN INVESTOR

there is only 13.73 square feet of mall or power-centre retail space per person.

“If there’s no growth in population and no growth in income, then technically existing stores will have lower sales,” Penalosa warned.

Transit links Much new square footage is also planned around rapid transit.

Tr a n s L i n k r e c e n t l y confirmed that there will be an Evergreen Line sta-tion at Coquitlam Centre. That prompted Morguard Investments Ltd. and Pension Fund Realty Ltd. to confirm plans to get approval to build an extra 100,000 square feet of retail space at Coquitlam Centre.

Morguard has yet to declare plans to expand its Burquitlam Plaza, which will also be next to a future Evergreen Line station.

Expansions at malls that are close to rapid transit also include projects at Lougheed Town Centre, Aberdeen Square, Brentwood Town Centre and Oakridge Centre.

Oakridge already has city approval to add 350,000 square feet of retail space, but owner Ivanhoe Cambridge wants to transform the mall’s 11.5-hectare site into more of a com-munity.

Vancouver city council recently approved Ivanhoe Cambridge’s ability to move to pub-lic consultation with a proposal for significant expansion that would include new condomin-iums, office space, a library, parks and bike paths. In Richmond, the China-based Jingon

Retail uproar

Lower Mainland/Services

U.s. high-end retailer nordstrom will open 280,000 square feet in the former Eaton’s building in down-town Vancouver by 2015.

Group has proposed a 70-acre mega-mall near the River Rock Casino Skytrain station. IKEA recently added a 300,000-square-foot store next to its former location.

In New Westminster, Plaza 88 is opened and anchored by Safeway, Shoppers Drug Mart and Landmark Cinemas on Columbia Street next to the SkyTrain station. Also close to transit is the Brewery District, where Thrifty Foods anchors the first phase.

High prices Investors who want to buy retail spaces can expect to pay high prices. When DTZ Barnicke tracked large retail transactions in the second quarter of this year, it found prices ranged from $515 per square foot in downtown New Westminster to $780 per square foot on Denman Street in Vancouver.u

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Frank I think you have repeated yourself in your copy. You mention the mall by the casino and IKea twice I think

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A10 Lower Mainland www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTORWESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com A11

This year building permits in South Surrey have surpassed those in Surrey’s Central district by a fac-

tor of three to one as developers lock on to one of hottest demographics in the region.

“The money is here,” said Dean Bauman, a commercial realtor with Re/Max Colonial Pacific of White Rock, who has worked in the South Surrey market for years. As Bauman explains, the South Surrey-White Rock zone is luring wealthy homebuyers from across Metro Vancouver – and retail and office developers are taking the cue. Some even compare the area with ultra-upscale West Vancouver, both of which boast an average family income north of $86,0000.

When West Vancouver-based Larco Developments envisioned a mixed-use life-style shopping centre in South Surrey – mod-elled on the expansion of its Park Royal Mall in West Vancouver – the aim was to create a “different vibe” from suburban strip retail, big boxes and walled-in shopping malls.

Instead, Larco’s 10-acre, two-year-old Morgan Crossing became the harbinger for South Surrey’s real estate boom.

Today, the Morgan Crossing mixed-use, pedestrian-friendly complex is a destina-tion where brand-name retailers clamour for storefronts, more than 1,000 residents have moved into condominiums and businesses are buying office space at $350 per square foot.

The Shops at Morgan Crossing, totalling

500,000 square feet of stores, is 95 per cent leased and features such urban touchstones as a gourmet cooking school, Wi-Fi latte bars and high-profile fashion retailers.

Urban environment consultant and plan-ner Michael Geller, who worked with Grosvenor on the smaller-scale but similarly themed High Street at South Pointe Exchange development in South Surrey, said such proj-ects speak to how the area has changed from a place where the major attraction was afford-able housing.

“Larco has recognized that many of the attributes of South Surrey are similar to the attributes of West Vancouver,” Geller said.

$1M house pricesHousing prices are reflective of the compari-son. The average price of a detached house in South Surrey-White Rock is $1.05 million, compared with $619,000 in the rest of the

REGIONAL ROUNDUP South Surrey development pace roars past Central Surrey, but some fear glut

fRANk O’bRIEN

WESTERn InVESToR

Fraser Valley. A typical condo apartment in the south sells for $359,000, while it goes for $186,000 in Central Surrey.

The comparison with Central Surrey is telling. Central is where the new RCMP headquarters, a new city hall and library and the tallest condo towers between Vancouver and Calgary are being built, yet this year it trails South Surrey in both overall permits and new-home construction.

Since 2009, 2,837 new homes have been built or started in South Surrey, compared with 1,582 in Central Surrey in the same period. And, for the first eight months of this year, total building permits in the south reached $31.7 million, compared with $10.5 million in the Central/Whalley area.

“Centre ice”Centre ice for South Surrey development is the intersection of 24th Avenue and 160th Street. It is the location for Grandview Corners, the RioCan Real Estate Investment Trust retail development that houses both big-box and specialty merchants in a 514,000-square-foot complex very close to Morgan Crossing. It is rumoured that U.S. retail giant Target is eye-ing Grandview Corners, as is Costco.

The centre ice nexus is more than retail. It is also the site of the largest office strata project in Metro Vancouver and where a two-building office complex is now attempting to pre-lease space. The Morgan Gateway Business Park is an ambitious project by city-affiliated Surrey Development Corp. and a private developer, KNV Accountants. Plans call for a 110,000-square-foot office park in two phases near Highway 99 in South Surrey.

“We haven’t got any pre-leases signed yet,” said Andrew Laurie, senior associate, office leasing, with Cushman & Wakefield Ltd. Laurie said lease rates for the LEED-standard complex will be in the $20-to-$24-per-square-foot range, with tax and operating costs adding another $10 per square foot.

Office glut warningThere are some doubts about the office mar-ket in South Surrey. Avison Young notes that mid-year vacancy rates hit a six-year high of 9.2 per cent. With about 300,000 square feet of new space planned, there are concerns that some projects may be shelved. Laurie is not among them. “We have been told that [Morgan Gateway] is going ahead, regard-less,” he said.

Laurie said there are no plans to offer strata sales at Morgan Gateway, despite a strong

Please see Incentives page A12

Lower Mainland

TOP: The Morgan Gateway business Park is an ambitious spec project by city-affiliated Surrey Development Corp. and

kNV Accountants. So far no pre-leases have been inked. RIGHT: Niche town-

homes: $10,000 in incentives as south Surrey condo market slows.

“The money is here”

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KNV

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ants

Looking for the opportunity to own a restaurant in sunny White Rock? Here is your chance - all that is missing is you! Established, stable and growing turn-key operation. The hard work and sweat equity are done. Reduced to $149,800!

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BUILDING AT UBC3800 Wesbrook Mall provides an excellent environment that will support and enhance the intellectual and social development goals of companies involved in R&D. Laboratories, offi ces, teaching, training, and conference facilities, in support of research and development in a number of key areas. OFFERS

PRIME RETAIL INVESTMENT 3 strata title units sold together---control the en-tire retail component of this building. Partially tenanted at the corner of 12th and Arbutus in the acclaimed LUZON development. Arbutus corridor. Huge development happening in the immediate area. $2,988,000

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Development site victoriA FoR salE 1.74 aCRE 168 units ........................................ $12.95MinDustriAl propertY DeltA, Bc i-i zonE, 11,680 sF building on ½ aCRE . $1.699moffice spAce for sAle/leAse 2002 sF at 6th and sPRuCE ... . . . . . . . . . . . . . . . . . . . . . . . . . $1,050,000 oR $23/sf plus operAting.2 liquor stores for sAle salEs $4M & $2.7M ................. cAll for DetAils 2 liquor primAries Downtown VanCouVER PRiCEd @ ............... $1.1m & $1.8m

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A12 Lower Mainland www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTORWESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com Lower Mainland A13INCENTIVES from A11precedent in the area.

The 150,000-square-foot Grosvenor Business Centre near Morgan Crossing – the largest office strata project in the Lower Mainland – has nearly sold out at around $350 per square foot.

“We had 30 per cent of the tower sold before it even broke ground,” said Gord MacPherson of Re/Max Commercial Advantage. The “synergy” of the retail and residential mix at Morgan Crossing helped to draw office buyers that include doctors and other professionals, he added.

Surrey’s southern hot zone has also lured big-name residential developers, such as Adera Group, which is currently selling its Breeze townhomes next to Morgan Crossing. In all, 18 new residential projects are now marketing in the area.

“Our walking score [a Google formula that tracks how pedestrian-friendly an area is] is 80 out of a possible 100, which is amaz-ing for a suburban neighbourhood. It is like Yaletown, but with golf and beaches,” said Adera president Norm Coutie.

The rush of new condos, however, may be outstripping demand. A tour of show homes and sales offices in the area showed that buyer

SidebarMap

Quick Facts South Surrey / White Rock, BCPopulation 85,000Average family income $86,000Average detached house price $1.05 millionAverage condo price $359,000Industrial land, per acre $885,000

South Surrey-White Rock, B.C.Population 85,000Average family income $86,000Average detached-house price $1.05 millionAverage condo price $359,000Industrial land, per acre $885,000

Quick factsincentives are now common. An example: the Niche project by Woodbridge Homes that was offering $10,000 in free upgrades on its $359,000 townhomes.

The Achilles heel to South Surrey’s growth is transportation. The real need is for faster links to Surrey’s existing SkyTrain network, locals suggest.

IndustrialSouth Surrey is home to one of the last remaining large parcels of industrial land in Metro Vancouver and the Campbell Heights Business Park is now expanding. Phase 2 serviced sites are expected to sell for an average of $885,000 per acre, after Phase 1 sold right out, noted Randy Heed of Colliers International.

“Yes, we have deals in place for Phase 2,” Heed said, noting there is demand from both manufacturers and distribution warehouse clients.

“Campbell Heights continues to be a hive of activity for the entire Metro Vancouver region,” said Avison Young, commenting on the success of speculative industrial projects that characterized the completion of the first phase. In one defining transaction, a devel-oper purchased 97,730 square feet of big-bay warehouse space from Beedie Group and

immediately leased it up. This fall, ConWest Group of Companies

will begin building 150,000 square feet of new space at Campbell Heights to complete Phase 1 development.u

SURREY

New Westminster

99A

1A

99

Vancouver

LangleyWhite Rock

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LIQUOR STORES, PUBS, HOTELS/MOTELS

BaRRy BOck / DOn kayTOR604-575-5262 604-599-9287Fax (604) 575-2214 Email: [email protected]

Homelife BencHmark TiTus realTy

Liquor StorES - PubS - HotELSIf we don’t have It lIsted we wIll fInd It for you!

w w w . b a r r y b o c k . c o m

glenayre realty

for More Details call or visit My website:

PAMMI MANDAIR Cell: 604-825-8121 OffiCe: 604-859-3141 [email protected]

5 Gas statioNs witH laND & bUilDiNGs

Gas statioN - laND & bUilDiNG & bUsiNess 10 yrs old, fiberglass tanks, part of the builiding is leased to McDonald’s restaurant. Price $2.43 Mil

Gas statioN - laND & bUilDiNG C-store, mechanics shop leased, 2 bay car wash. Excellent gross & net income Fiberglass tanks $2.30 Mil

fraser valley, gas station, 6 dispensers, brand new with chip system, high volume underground f/g tanks, electronically monitored, 4 million liters gas volume, $3000 daily c-store sales plus propane sales. Excellent gross and net income $2.99 Mil

Gas statioN with land and building, over 3 mil-lion liters gas and over $1.5 million c-store sales. Priced at $2.4 Mil

UPPer fraser valley, over 8 acres land, gas station, land and building, c-store, house restau-rant, all in one price at $1.1 Mil

iNvestMeNt ProPerty iN cariboo Land & Building leased for $4000/mo. $385,000

Motel 16 Units, Restaurant & Pub. Over 4 acres commercial land. Lake front on major hwy in Cariboo area. $450,000

www.pammimandair.ca

www.mobileparks.com

604-302-3771 or TF: 1-888-251-2822 Fax: 1-888-804-1394 Email: [email protected]

Homelife Glenayre Realty

Edson, AB – 148 sites – 21 ac ........................... 10,700,000Edson, AB – 93 pads – 15 ac ...............................7,300,000Edson, AB – 200 acres – Development ................ 5,727,000Golden, BC – 101 pads , 13 acres ....................... 5,500,000North Battleford, SK – 60 pads, 9.58 ac ...............2,700,000Langenburg, SK – 60 pads, 14 acres........................ 927,000Houston BC – 20 pads, 29 RV’s, 23ac ..................... 895,000McLeese Lake, BC - 69 pads, Hse, 25ac ................ 875,000

R o y a l G R o u p TapesTry realTy#104-13049-76 ave

FOR SALE i n M E T R O T O W NOver one acre of land and old strip mall has been approved to build over 100,000 sq feet commercial and residential. Presentely rev-enue over $200,000 per annum. For private consulation or more details.

Sam or Jim at 604-761-0172For More Details And Confidential Discussion

SOUTH DELTA INVESTMENT OPPORTUNITY

3 INDUSTRIAL STRATA UNITS, FULLY LEASED,

6% CAP, NET $64,818 PER YEAR.

Call 604.940.9900e-mail: [email protected]

• 2154 York Ave. 1 block to beach

• Prime Kits location & views

• Lot: 50’ x 120’, RM-4, Parking

• Good suite mix• Great income property

or hold for future development

• New windows now being installed

United Realty

12 SuiteAPARTMENT BLOCK

Info pkg. Call: HANS OR JOHN GUST

604-263-8800 or [email protected]

An ideal opportunity for any individual, family, or group purchaser. This working cattle ranch also provides a private year round playground that may be coupled with a significant bed and breakfast business. Go hunting, fishing, hiking or horseback riding for miles on trails suit-able for ATV’s in summer and snowmobiles or cross country skiing in winter. Snowboard and ski the ranches own private downhill run. Currently set up to raise 250 to 300 head of cattle this ranch is Located just off HWY 97, 20 minutes South of Quesnel B.C. The 768 acre prop-erty has 5 titles plus approximately 3000 acres of attached range lease with water licence for irrigation. Beautifully finished and landscaped the 10 yr old 1730 Sq. Ft. ranch house has a panoramic view of the Fraser River Valley. Also included a 1400 sq. ft. cabinet shop, a 24’x40’mechanic shop, a 2880 sq. ft. machine shed, a bunk house, a 3 yr old 72’x80’ hay barn, and a large older log barn for cattle and 100 tons of hay. Excellent value! Offered at $960,000 Call or email [email protected] for additional pictures.

RE/MAX TREELANDCALL ROY MUFFORD 604-533-3491

SPECTACULAR VIEW 36.4 ACRE PROPERTY – ABBOTSFORD One of a kind awesome view, overlooking Fraser river & Valley farms. Ideal building site for the exclusive country estate. Fully useable farmland for berries or livestock. $2,188,000

768 ACRE 5 TITLE CATTLE RANCH AND PLAYGROUND


Committed to Canada. Connected to the World.

vancouver west side• Strip mall w redevelopment potential $12.5 Million

richmond• Mall – Alexandra & Hazelbridge $7 Million

white rock• Towncentre highrise site $14 Million

www.naibusinesses.ca

alf sanderson delon cheung 604-691-6646

alf@naicommercial .ca604-691-6654

delon@naicommercial .ca

rv rentaL & saLes Bc Well established RV business, consistently profitable. Experienced staff and management. Online reservation system overseeing a fleet of over 300 rental motor homes. .......................$11,000,000vancouver isLand resort & sPa Profitable resort, lodge and spa offering world class dining and spectacular ocean views. Situated on 8.56 acres of oceanfront property with future development potential. ......................... $PoahaLcYon hot sPrinGs viLLaGe & sPa Year round outdoor playground with spectacular facilities. Profitable resort & spa business with natural hot springs. 35 acres with 800m water frontage and strata chalets. Business and property. $15,900,000custom miLLwork (Van Island)Over 20 yrs in commercial millwork and custom door manufacturing. Averaging $5M in revenue Top of the range equipment. ...................................................... $1.95m inc equipmetaL FaBrication (Lower Mainland) neW lIsTIng In business for over 20 yrs. Traditional metal processing and installation company. Sales average $5.4m ....................................................... $2,490,000 inc working capcoFFee Franchise (Lower Mainland) Well known coffee franchise with two high traffic locations. Easy to manage. Combined sales approx $1m. Turnkey operation ............................................................. $499,000 both locationsLower mainLand autoBodY shoP 30 years in business. ICBC Valet accreditation since 2008. Well maintained paint booth with oven. Long lease on 3600sq.ft shop .........................................................$249,000 inc equipniGhtcLuB Bar & GriLL (Kootenays) Award winning nightclub in the Kootenays. One of the largest licensed establishments in BC with popular restaurant ......................................................................................$389,000successFuL caFe restaurant reduced Hugely popular cafe in downtown Squamish. Approx $620K annual revenue. Rent only $1,100/mth. Easy to operate. Turnkey operation......................................................................$249,000 inc equip

Ted WeIbelzahl 604-514-6825 or 1-800-890-9855 [email protected]

COMMERCIAL STRATA FOR SALELAngLEy FRASER HIgHwAy FROnTAgE COMMERCIAL STRATA UnITS - 2 TO CHOOSE FROM• 2160 sq. ft. ready for your improvements• HVAC and sprinklers to an open plan• was $635,000 now askinG $605,000• 2617 sq. ft.• Income from current lease until 2013• was $749,000 now askinG $710,000 InVESTMEnT InDUSTRIAL STRATA FOR SALE102/103 26730 56 AVE LAngLEy• 6% CAP on ask. Good tenant with new 5 year lease• 4908 +/- sq. ft. footprint with 1560 sq. ft.

office and 1560 sq. ft mezzanine• asking: $689,900

#3 27250 58 CR. LAngLEy • 6% CAP on ask.

International Tenant• New 3 year lease with

options• 2000 sq. ft. footprint with 1000 sq. ft. office and

1000 sq. ft. warehouse down, and 1000 sq. ft. office and showroom up

• asking: $465,000

RETAIL STRIp InVESTMEnT DOwnTOwn LAngLEy • 5 CRU’s• 10,484 sq. ft. rentable

on a 14,636 sq. ft. lot• Strategic corner location• PROFORMA NOI $147,312 or 5.9% CAP on ask• Owner may guarantee income for 1 year to allow

further lease up• Asking: $2,500,000

LAC LA HACHE MAnUFACTURED HOME pARk• 99 SITES ON 17+ Lake view acres• Phased development • NO income as yet• Phase 1 completed with sewer, water and electricity• Ready to occupy• Asking: $650,000

www.naicommercial.caCommercial Real Estate Services, Worldwide.

MUSIC SCHOOL (Lower Mainland) Long established with state of the art teaching equipment. $89,000 profit .......$259,000

FAST FOOD FRANCHISEE (North Vancouver) Mall location $320K Gross ........................................ $228K + Inv

HOBBY FARM (North Okanagan) NEW LISTING 26 acres Farmland + updated 4,200 s.f. Rancher $899K

MOTEL, PUB LIQUOR STORE - FRASER VALLEY Profitable - $3.2M Gross, NOI $370K .................................... $3.5Mil

elIzabeTh WoznIczko604-691-6648 [email protected]

MIchael MarckWorT [email protected]

equiPment rentaLs (Metro Vancouver) • Long established • Very Profitable • Fully managed • $2.3mil annual sales .................................... shares $3.0mildoLLar store Franchise (Fraser Valley) • Established in 2001• Premier location in a large mall• 4,000sf store • $795,000 annual sales ......... $148,800 + invmedicaL oFFices For Lease (Kamloops, BC) • 300 Columbia St. @ 3rd Ave. Directly across Royal Inland

Hospital. 860sf or 1200sf ........................................... $16/sF

Ted sTellakIs 604-691-6692 [email protected]

COURT ORDERED SALES160 Acre Development Site, Abbotsford BC • One legal quarter section totalling 160 acres• Zoned LU/R-1(Limited Use Resource/Residential) Price: $3,900,0004,200 Sq. Ft. Service Space on 0.57 Acre Lot, Abbotsford BC • Zoned 1-2 (General Industrial) Price: $850,0002.33 Acre Industrial Site, Maple Ridge • Zoned M-2 (General Industrial) Price: $950,0001.37 Acre Residential, Coquitlam BC• One legal parcel totaling 1.37 acres• Zoned RS-2 • Close to all amenities Price: $1,225,000116.53 Acre Development Site, Invermere BC • Triple Zoned R-1, A-1, & SH-3 (various uses) Price: $1,499,000INDUSTRIAL & DEVELOPMENT SITES1.04 Acre Light Industrial Site, Squamish BC• Excellent exposure site within the Squamish Business Park• Preloaded site with plans available and access to Highway 99.• Zoned I-1 (Light Industrial) Price: $850,00015.1 Acre Development Site, north Vancouver• One legal parcel totaling 15.1 acres• Zoned RS1 & PRO (one unit per 43,056 sq.ft.) Price: $5,250,000 23.3 Acre Agricultural Site, Delta BC• One legal parcel totalling 23.3 acres • Zoned A-1 (Agricultural)• Easy access to Highways 99, 91, & 10 reduced!: $2,200,00027.6 Acre Agricultural Site, Langley BC• One legal parcel totalling 27.6 acres • Zoned Ru-5 (Rural Floodplain) • Adjacent to Nathan Creek dyke reduced!: $2,000,000

Tobiano golf Course, kamloops BC• Court Ordered Sale!• Fully operational Golf course and

clubhouse• Ranked best public course

in BC & 10th overall in Canada • pRICE: $5,500,000

gary haukeland or j.d. Murray604-683-7535 [email protected]

[email protected]

10,105 sq. ft. Office Building, Abbotsford BC• Court Ordered Sale!• 3 storey office building totaling 10,105 sq. ft.• 25 underground parking stalls & 7

surface spaces • REDUCED: $2,400,000rIck luI

604-644-6182 [email protected]

PeTer seed 604-691-6608 [email protected]

wiLLiams Lake Portfolio $467,049, NOI, $6,225,000,

Cap 7.50%, 5 Buildings

PoweLL river 26,900 s.f. Centre. 8.5% cap $1.5 m

Grand Prairie Mixed O/R $130,000 N, 9% Cap

kamLooPs 254 Royal Ave 45 units $2.6 m

keLowna 64 Unit Condo/retail. Core area. “build to suit’

$11.75 m

Prince GeorGe 118 Acre, 4 M Meters gravel, (abuts airport)

$3,200,000

1063 Great st., 5 acres, 17,500 s.f. $2.8 m

Prince GeorGe 3 Separate Apts. 12-40 units

suncor/mcdonaLds disP. 3 sites 18,500 s.f. to 40,000 s.f.

quesneL 1.7 Acre, 3 nationals, 19,500 s.f.,

$281,500 $4,700,000, 6%

commerciaL BuiLdinG, 4023 hastinGs, BurnaBY • For Sale or Lease 6000 sq ft total; $1.8m

deveLoPment Land, 1926 e. BroadwaY, vancouver • Great location at Victoria, one block from Sky Train; $1.78m

rv resort, Penticton • Gross Income $208,448 Great location beside Skaha Lake • Great residential development potential; $2.1m

34 suite aPartment Bd, kamLooPs • Gross Income $265,000; $2.75m

moBiLe home Park, kamLooPs • Gross Income $177,000; $1.8m

moBiLe home Park, merritt • Gross Income $182,688; Expansion potential; $1.775m

mini storaGe Business, merritt • 147 Storage Units, 9% cap rate; $1.25m

12 suite aPartment Bd, kamLooPs • Gross Income $121,800; $1.3m

8 suite aPartment Bd, summerLand • Gross Income $53,700, With Dev. potential; $790,000

UNDER CONTRACT

UNDER OFFER

SOLD

UNDER OFFER

A14 Recreational Real Estate LIFESTYLE PROPERTIES www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTOR

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

www.landquest.com604-664-7630 • 1-866-558-LAND (5263)

Dave Cochlan [email protected]

• Solid investment &/or recreational piece • 3hrs to Calgary/10 mins to Radium • Packed full of trails. Lots of water/on

Columbia River & Luxor Creek • Priced well below purchase in 2006• New steel Quonset hut. $599,900

OCEANFRONT HOTELQUEEN CHARLOTTE ISLANDS

• 14% cap rate • Huge ocean view rooms• Owners retiring• Building in great shape only 9 years old• Near the marina and all Masset stores • $1,375,000

Brian Harris [email protected]

Brian Harris [email protected]

SEASONAL HUNTING CAMP WESTBRIDGE, BC

• Near new 1,900 sf home – fully equipped• 8 seasonal cabins – each sleep 4• About 2 hours to Kelowna – Big White• White tail and mule deer in abundance• Good year round access. Approx $40K

income. $475,000 ANXIOUS SELLER

52 ACRE FARM CRESTON, BC

• Fertile developed farmland on the flats• 22 acres hay/30 acres in cherry trees• Sweethearts, Sandra Rose, and Skeenas• Page fencing, drip irrigation and

cleared serviced building site• Good op. for sustainable living. $619,000

Denis Dore [email protected]

• Off the grid, satellite & cell service, solar, wind turbine, generator. 480 ac, 2 yr round creeks, ponds, hayfields, completely surrounded by Crown lands

• 1296 sf 2 bdrm 1 bth newer home• REDUCED TO SELL $439,000

TULANI RANCH - BETWEEN BURNS LAKE AND HOUSTON, BC

LYTTON, BCAIRSTRIP DEVELOPMENT

• 58 acres – two titles • 3 separate zoning designations • Just north of downtown Lytton • Services to be installed • Airpark potential • $489,000

Kurt Nielsen 250-338-6090 [email protected]

SHUSWAP LAKE DEVELOPMENT LANDS

• 238 acres – south shore• Road access – 300 ft WF• Great views, power, water• 60 lot proposal ready to go• HUGE REDUCTION to $1.19M

Kurt Nielsen 250-338-6090 [email protected]

SOUTH CARIBOO ACREAGES VIEWS OF LAC LA HACHE

• Beautiful views of Lac La Hache• Well treed• Lots B, D & E are between 2-3 acres• Lot C, 8 acres w/ potential subdivision• Lac La Hache a short walk away• Prices from $39,000 – $99,000

Carson Dorward [email protected]

• 41 ac. 10 min. to Harrison Hot Springs• 100’ dock, 2700 ft. south facing riverfront• Log home plus 3 cabins & cook house• Great fishing, perfect year round retreat• Creek supplies water & hydro• GREAT NEW PRICE $998,500

THE NEW 108 RESORT CARIBOO REGION OF BC

• 548 acres - 18 hole golf, tennis, horses, fishing, biking, hiking etc.

• 42 well-appointed guest rooms • Looking for investor/partners • Great development opportunities• $3,970,000

Konrad M. Schmid-Meil 250-395-2233 [email protected]

OAKS BLUFF LODGE & FARMPENDER ISLAND, BC

• Unique 10 acre oceanfront estate property • Successful established B&B with 3 buildings• Lodge & cottage with breathtaking 360° views• Coach house overlooks orchard & gardens• Self-sufficient, abundant water, Farm Status• NEW PRICE $1,595,000

Dave Cochlan [email protected]

Rich Osborne 604-664-7633Personal Real Estate Corporation

• Business with excellent cash flow!• Busy year-round pub, restaurant & marina• SERIOUS development potential!• 5.33 level acres & foreshore lease• 920’ low bank oceanfront & 3,000’ wharf • REDUCED TO SELL! $4,200,000

PORT BROWNING MARINA RESORT – N. PENDER ISLAND

Larry Laing 250-513-2733 [email protected]

LANGLEY LUMBER YARD & HARDWARE STORE

• Very high traffic location• Major Nation Brand• 11,000 sf of prime retail space• 2 acres of lumber yard• Solid business with growing client base• Asking $585,000

Doug Dyer 604-664-7634 [email protected]

LAKEFRONT PROPERTY ON THE SUNSHINE COAST

• 98 acres. 5000’ of south exposed frontage • Beside Rainbow Falls on Powell Lake • No zoning, no building permit process• Sub dividable into 5 acre parcels• Crystal clear, warm fresh water paradise• $699,000

ECO–PARADISE HARRISON RIVERFRONT ACREAGE

• Operating under a Park Use Permit• 5 self sufficient log guest cabins & shop • kitchen/caretaker res., generator shed • PUP (restrictions) rod days on Eutsuk

Lk (100), Musclow Lk.(100) and Pondosy Lk.(50) Turn key operation. $495,000

Denis Dore [email protected]

PONDOSY BAY WILDERNESS FISHING RESORT- EUTSUK LAKE

$1,800/ACRE…LARGE RIVERFRONT ACREAGE

Matt Cameron 604-694-7628 [email protected]

FRASER RIVERFRONT CAMPGROUND, LILLOOET, BC

• 3.5 acres/800ft of river frontage • 20 full service hook up sites• 10 beachfront tent sites• 3 bdrm cottage for rentals or home/office• Beautiful sandy beach & views• Across river from Lillooet. $449,000

Matt Cameron 604-694-7628 [email protected]

Ken Hunter 604-340-1516 1-855-214-5263 [email protected]

• 21 acres in Langley, BC• 18.5 ac blueberry crop w/ 4 different types• 4 bdrm, 4 bth custom built cntry estate home• 4 bay detached shop• A beautifully designed home• $2,698,000

BLUEBERRY FARM WITH COUNTRY ESTATE HOME

Heather and Mike Dillon 250-706-9680 [email protected]

843.5 ACRESHOSMER (FERNIE), BC

MARMOT RIDGE GOLF COURSE100 MILE HOUSE

• 9 hole w/ immaculate grounds in town• Restaurant + pub, great atmosphere • 2 large inside racketball courts, pro shop• Just under 30 ac in desirable area • Great opportunity to buy 3 businesses in 1 • Only $1,150,000

• Dev. acreage? Mountain Bike Resort? • 2 – 1,700’ heights of land w/ variable terrain • Hosmer & Thorne Creek flow thru property • Just minutes to Fernie or Sparwood• Stunning views – numerous build sites• $1,430,000

Ron Svisdahl [email protected] FREE 1-855-267-2591

Penny McFarlane 1-250-640-4112 [email protected]

1,900+ ACRE NECOSLIE RIVER RANCH IN FORT ST. JAMES

• River frontage• Productive hay fields• Numerous outbuildings• Extensive equipment list• Turnkey operation, just add cows! • $1,600,000


• 25 slips, marine service facility & upland property. Dev potential & existing revenue in superb location in the heart of thriving established boat community on Van Isl.

• Zoned Marine Ind., pub/brew pub/condo • PRICED RIGHT! $2,600,000

SHOAL HARBOUR MARINA SIDNEY, BC

PINEVIEW RANCH, KERSLEY BC

• 975 ac. Deeded in 7 titles.• Frontage on the Fraser River & Hwy 97 • Home, barn, workshop, corrals, outdoor

riding arena. Great climate & soil conditions. • Range permit for 289 head great hay

production. Priced at $1,495,000


DEVELOPMENT ACREAGEPRINCETON, BC

Sam Hodson 604-694-7623 [email protected]

• 120 acres of south facing land • One 40 acre parcel & four 20 acre parcels • 8 mins to Princeton• Beautiful park-like sanctuary • Mostly outside the ALR • Sub-dividable $599,000

• 184 sub-dividable acres on Hwy 5A • Located between Merritt & Princeton• Completely outside the ALR• Mixture of grassland & treed areas • Lots of water & wildlife• $1,280,000

Sam Hodson 604-694-7623 [email protected]

LARGE RECREATIONAL & /OR INVESTMENT PARCEL

MARINE HOTELPOWELL RIVER, BC

• Prime location, downtown above the ferry terminal

• 23 rooms, 150 seat restaurant• 125 seat pub, banquet room• 3 storey, 20,000 sf of finished space• $899,000

Jason Zroback 1-604-414-5577Jamie Zroback 1-604-483-1605

Jason Zroback 1-604-414-5577Jamie Zroback 1-604-483-1605


The Ponderosa Golf and Country Club, pulled from foreclosure three years ago and still a year

away from the first tee off, is proving that golf-related real estate can sell.

The south Okanagan resort, at Peachland, features an 18-hole golf course designed by Australian professional Greg Norman and plans for up to 2,300 homes, all to be devel-oped over the next 10 to 20 years.

Developer Norm Porter of Ponderosa Development Ltd. bought the property out of foreclosure in 2007. Since then Porter has added to the 60-acre property by buying 200 adjacent acres from private owners and buy-ing and leasing 150 acres from the Crown and the Westbank First Nation to assemble 410 acres above Okanagan Lake.

“Our vision is to build a sustainable resort of great golf and great homes,” said Ponderosa general manager and director of golf Douglas Goubalt.

“Ponderosa truly is special in the Okanagan. Greg Norman has created a signature course here that takes full advantage of the views and the terrain.”

Ponderosa is starting to sell the real estate slowly. So far, only 69 townhouses have been released in its Trail development.

The two- and three-bedroom townhouses range in size from 1,250 to 2,000 square feet and are priced from $299,000 to $525,000 depending on size, finishing and view. Twelve have already sold, according to sales and marketing director Julia Debolt.

The first 25 buyers of townhouses have their choice of $10,000 in upgrades or $10,000 toward a golf membership. Most buyers took the upgrades rather than the golf, Debolt said.

Lifetime golf memberships are $20,000, with annual dues of $3,000.

Over the winter, 135 plots of land to build single-family homes will go on the market and, by spring, building will begin on cot-tages facing the golf course and a planned winery, Debolt said.

Porter expects 60 per cent of the buyers will be couples, families and empty nesters from the Okanagan, with 15 per cent from Alberta, 15 per cent from Vancouver and 10 per cent from elsewhere. He suggests that most will be buying homes to live in, not as a vacation property.

The apparent success of Ponderosa – and the Wildstone golf resort in the Kootenays that Western Investor profiled last month – is an indication that the long-suffering B.C. resort market may be recovering.u

RECREATION FEATURE Ponderosa Golf and Country Club sells dozen homes before golf course opens

WI STAFF

WeSTerN INVeSTOr

Peachland golf bid beats the odds

Lower Mainland

Ponderosa Golf and Country Club above Okanagan Lake has strong home sales after being bought out of foreclosure five years ago.

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Whistler, Banff among hottest hotel markets

Whistler, Calgary, Fort McMurray and Banff will lead the hotel market

in Western Canada this year, while the big losers will be Victoria, downtown Vancouver, Richmond, Winnipeg and Kelowna when compared with revenue per available room (RevPAR) in 2011, according to North Vancouver-based HVS International.

“Whistler and Banff are coming off ter-rible years,” HVS regional manager Carrie Russell told the Western Hotel & Resort Conference in Vancouver. She expects Whistler to lead the market with a 15 per cent increase in revpar this year.

Fort McMurray and Calgary, Russell said, are benefitting not from tourism but from demand from the resource sector. “Calgary is off the charts,” she said.

“As far as RevPAR is concerned, Victoria is among the worst markets in the coun-

try” due to a decline in both tourism and convention bookings, Russell added.

Downtown Vancouver, at an average of $119, has the highest RevPAR in Western Canada, she noted, but was down sharply from a very good year in both 2011 and 2010.

In a survey of the western Canadian hotel market presented by CBRE’s hotel division, the conference was told that RevPAR is slowly improving across the western provinces.

British Columbia has an average hotel occupancy rate of 62 per cent and an average hotel rack rate of $139 per night, while RevPAR has increased 3.4 per cent from a year ago.

Alberta is posting a 65 per cent hotel occupancy rate, the typical hotel sells for $123,000 per “key” and RevPAR has increased 3.7 per cent since 2011.

Laha

kas BoulevardFOR SALE FOR SALEFOR SALE FOR SALE

330 WEST PENDER STREETVANCOUVER, BC

•6,976 SF beautifully restored Heritage A registered building

•Great exposure on West Pender Street and close to Victory Square

•Wide range of uses including office, retail and live-work

•Five parking stalls and convenient access to multiple transit lines

collierscanada.com/7437

8486 GRANVILLE STREETVANCOUVER, BC

•Situated along the high profile Granville Street corridor

•Located opposite Westbank’s Granville at 70th landmark development

•Strong underlying development potential•Existing and stable holding income

Kitimat Development SiteInvestment/DevelopmentDowntown Heritage Investment

HAISLA HILLKITIMAT, BC

•190 acre site in the heart of Kitimat, a city anticipated for rapid growth in the energy, processing, storage and shipping sectors

•Potential uses include residential, commercial and institutional development

•Panoramic mountain and ocean views

3760 SEXSMITH ROADRICHMOND, BC

•3,703 SF two storey office building•High level of finishing suitable for professional office users

•Close proximity to the Aberdeen Canada Line Station

•Commercial/residential zoning

Owner/User Investment

collierscanada.com/7632 collierscanada.com/7572collierscanada.com/7694

COLLIERS INTERNATIONAL | 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 | +1 604 681 4111

Terrace-Kitimat Highway

Quatsin

o Boul

evard

Matt Saunders+1 604 661 [email protected]

Ted Mildon+1 604 661 [email protected]


Ted Mildon+1 604 661 [email protected]


Baktash Kasraei+1 604 661 [email protected]


Baktash Kasraei+1 604 661 [email protected]

WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com Lower Mainland A17A16 www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTOR

Sale prices for condominiums in Miami, Florida, spiked 28 per cent in the second quarter compared

with the first quarter and are up 34 per cent from a year ago. In a city once glutted with foreclosed homes, listings are now down a third from what they were in 2011 and some are predicting a shortage. Yet you can still buy condos for a third of what they would cost in B.C. or Alberta.

“Limited supply of condominiums is resulting in robust price appreciation,” said Martha Pomares, chair of the board of the Miami Association of Realtors.

In Nevada, Las Vegas, home prices rose for the eighth-consecutive month in September thanks to a tight housing supply and a record number of “short sales.” (Short sales are when banks agree to sell a property for less than is owed on it. Nevada leads the U.S. in home foreclosures.)

The median price of single-family homes in Vegas is now US$140,000, up 13.5 per cent from September 2011 according to the Greater Las Vegas Association of Realtors. The median price of condominiums is $70,250, up 2.6 per cent from August and up 24 per cent from a year ago.

(As a comparison, the median price of a Vancouver condominium apartment is $421,000 and it is just under $300,000 in Calgary.)

In San Francisco, low inventory is driving double-digit increases in home prices and

bidding wars have broken out across sur-rounding Santa Clark county. In San Jose, California, median house prices are up 17.5 per cent from 2011.

And all across the U.S. Sun Belt foreclo-sures have fallen, prices are rising and sales are bouncing back as the American housing market begins a long-awaited recovery.

U.S. housing prices have now advanced for six straight months, according to a survey by BMO Capital Markets.

“All major price indexes are rising in response to firmer demand and a shrinking

COVER Housing sales heat up from Florida to California, but Phoenix looks like top play for Canadians

fRank O’bRiEn

WeSTerN INVeSTor

supply of properties,” said Sal Guatieri, BMo senior economist, noting that pro-spective buyers, who had watched prices fall more than 30 per cent since 2006, “could be tempted to come off the fence.”

In the bellwether Manhattan market of New York, sales are up 7.2 per cent from 2011 and the average price spiked 5.1 per cent to US$1.3 million in the third quarter.

The overall U.S. foreclosure rate has fallen to the lowest level since 2007 according to California-based RealtyTrac, which moni-tors foreclosure listings.

Sizzling in the Sun Belt

Lower Mainland

arizona realtor Todd Smith: “Phoenix still represents a once-in-a-lifetime opportu-nity.” RiGHT: this 1,787-square-foot detached house in Surprise, arizona (a Phoenix suburb), boasts three bedrooms, two baths and a pool. asking Price: US$154,900.

Photo: AZ Performance Realty

The BMo survey in July with the SP Case-Shiller Index found that prices increased from 2011 in 20 U.S. cities surveyed.

Phoenix “Phoenix continues to lead the way with a 16.6 per cent increase over the past year,” said Guatieri. He added that other Sun Belt cities popular with Canadian snowbirds also continue to show strong price growth.

“Phoenix still represents a once-in-a-life-time opportunity,” said Todd Smith of AZ Performance Realty in Phoenix, which spe-cializes in guiding Canadian investors into what the Wall Street Journal has called the hottest U.S. housing market.

Smith said the change from 2008 when “our market fell off a cliff” to today is astounding. Phoenix, which once had America’s second-worst foreclosure record, is now a robust, diversified economy ranked fourth in the U.S. in job growth. Major employers include Intel, Honeywell and Amazon, he said, plus large medical and green industries.

For the first time since 2008 private sales of homes have surpassed distressed or fore-closure sales, Smith noted.

residential properties in Phoenix are sell-ing for around $65 per square foot, he said, which is about 50 per cent below what it would cost to build them.

Meanwhile, the inventory of homes for sale has plunged from a level of two years of stock in 2009.

“This year the inventory will be around 1.6 months” due to a lack of new construc-tion and soaring sales, Smith explained. With 11,000 homes for sale this year – compared with 57,000 in 2008 – more than 6,700 are expected to sell.

The median price of a Phoenix condo is Please see America page A19

Photos: AZ Performance Realty

604-592-7250Financing & Trades Available

Monark.com 8000 sq ft. Retail Commercial

Sale or Lease

3 Level Ocean View

Townhouses | Private Elevator

Custom Lakeview Home $2M

Large 15th Floor Penthouse

$1.35M

One Bedroom Penthouse $399

$349

Port Coquitlam from $400K

White Rock 1/2 AC Building Lots 1 million

Penticton 1 AC Lakeview $499K

Osoyoos $169K

25 23 Renovated & Leased

Houses

8% Net Return

Telus Garden 3 Level Penthouse

Presale $1500/ft

Commercial Retail Space Up to

7000 sq ft.

2nd Floor Office up to 6000 sq ft.

Sale or Lease

SURREY/OCEAN PARK

PENTICTON PHOENIX

BUILDING LOTS

COMOX

VANCOUVER

SOLD

SOLD

SOLD

Coastal Trek Lodge For Sale, or Half Ownership, & Take Over BusinessOwner is looking for a motivated buyer to take over the general mgmt & mktg of this young business. Business Opportunity at half the price, and take over the dream. The lodge is a 16 room luxury post & beam, 2200 ft above sea level, on the picturesque Forbidden Plateau overlooking the Georgia Strait & the BC Coastal Mountains. Interior spaces have beautiful woodwork & stonework, professional chef’s kitchen, radiant heating throughout & inspiring views from every room.

Full Price: $2.3M Half Price: $1.15M

Archie MacLean 604-885-4313 www.coastaltrekresort.com

C O U R T E N AY, B C , C A N A D A

Archie MacLean 604-885-4313





OCEANVIEW REALTY

Gorgeous hotel units, “strata” not time share. In one of the top hotels in the city, the Marriott Pinnacle Hotel. Located in the best and priciest city location of Coal Harbour,

with water and mountain views, steps to the convention centre, Robson St. & Stanley Park. A very healthy return of 8-9% on this carefree and headache free investment by sharing in the total revenue of this destination four star hotel. Multiple units from $177,000 to $179,800

8-9% NET RETURN

Luxury 4-Star Hotel in the best location ! DEVELOPMENT SITE

1 BLOCK from POCO Town Centre3 adjoining lots (8400sq.ft./9700 sq.ft./8400sqft.) - Easy to build on site with a total of 26,500 sq.ft strategically located near shopping transportation, and schools an easy walk away. Build up to 2.5 FSR for a possible development of 80 units.

DuPLEx LOT - 2073 EaST PENDEr Solid rentable house on site – good holding property in an improving area, or build 2 large duplex’s NOW! $1,088,000

Tony alves 604 889-7008www.tonyalves.ca

Sutton Centre realty

WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com Lower Mainland A17

Assurance | Accounting | Tax | Advisorywww.bdo.ca

BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms.

WE STRIVE TO MAKELONG-TERM RELATIONSHIPS.From Vancouver to St. John’s and over 100 offices in between,we’re able to build local, long-term relationships with our clients,including over 7,000 real estate and construction clients.

BDO is committed to developing long-standing relationships with our clients, which allows us to provide greater insights while fulfilling their needs.

BDO. MORE THAN YOU THINK.


With connection in more than 85 counties worldwide put the Power of the RE/MAX brand to work for your commercial, industrial, agricultural, investment or international real estate needs.

Each office is independently owned and operated.commercial.remax-western.caGet the Power.

Get the Power. To view commercial properties or find a RE/MAX Commercial practitioner near you, visit

commercial.remax-western.caEach office is independently owned and operated.

YOUR PARTNER FOR SUCCESSFUL REAL ESTATE INVESTING

PROPERTY MANAGEMENT AND CONSULTING SERVICES FOR THE

LOWER MAINLAND AND FRASER VALLEY

SCOTT ETTLESDAYTIME 604 576 4407EVENING 604 724 1787

[email protected]

FORRES PACIFICPROPERTY

MANAGEMENT

To view listings please visit:

www.6717000.com/biz Crest Realty (Westside)

Les Twarog (604)671-7000

1428 W 7th Ave., Vancouver, B.C.

Kitsilano RestauRantGramercy Grill 2685 Arbutus St. - 1800 s/f - 60 seats + 24 on patio- Sales - $1Mil, $50K Net- American cuisine, Est. 12 yrs- Priced for quick sale $199,000 Mixed use Building337/339 E Hastings (Near Main) - 3 parking stalls, 3 lvl, 6166 s/f- 24 years old - Concrete Block Const.- Fully rented at $6800/mo net Price: $1,388,000

davie RestauRant 1175 Davie St. (Near Thurlow)- Laziza Modern Mediterranean- newly established (Jan 2012)- West End loc. 1500 s/f w/48 seat - 8yr lease + 5yr option, $7250/mo all in - Sales: $50k/mo Price: $199,000

Retail stRata units907 Denman, VancouVer808 s/f and next door which is 1000 s/f also for sale. Lease rate: $60/ft. Presently leased out to a shoe store Price: $939,0001740 – 4311 HazelbriDge Way, rmDWas used as a clothing store, and rented @ $1700/mo. Strata Fees $400/mo. Lowest priced unit in Parker Place Mall. Price: $119,000

RE/MAX Lifestyles Realty

AdriAn KeenAn 604-312-6488

www.AdrianKeenan.com

Call me for a comprehensive report on all commercial properties available in Maple Ridge/Pitt Meadows

VANTAGE HEIGHTS Mission - For Sale or Lease Proposed 12,000 sq. ft. Commercial Building, Two Storey, N.E. Corner Hurd & Lougheed. High exposure. Zoning: CH 1

FLAGSHIP PROFESSIONAL Maple Ridge Core SALE OR LEASE 3 STRATA UNITS Office & Retail 900 to 1500 sq.ft. From $20/sq.ft. Lease NNN

EDGEWOOD CENTRE PITT MEADOWS9 unit strata building. Occupied units for sale. Investment opportunity from $300K. Office & Re-tail lease frm $14 sq.ft.

KEYSTONE: Harris Road Pitt Meadows SALE/LEASE 2 Units 825 & 954 sq.ft. retail/office from $22/sq.ft. Great Exposure & Parking.

www.VantageHeights.ca

Build your dream home or good holding property for future development. Great location.

Asking $850,000

BRYAN VAN HOEPENPersonal Real Estate Corp.RE/MAX NYDA REALTYTel: 604 858-7179Toll Free: 1-800-830-7175

GREAT DEVELOPMENT OPPORTUNITY!CHILLIWACK’S FINEST VIEWS

This is the last large parcel of land available on Promontory to be developed. Total site of 36.43 acres for a total of 7 parcels. Comprehensive development zoned allows for mixed development options for single family/ townhouses/apartments. Plus DCC’s have been paid for by current owner for 84 townhouses, in the amount of $1,416,000. Stunning views of the valley. $10M.

www.goldspringhomes.com

www.bryanvanhoepen.comwww.bryanvanhoepen.com

10 ACRES WITH DEVELOPMENT POTENTIAL LOCATED IN ALDERGROVE

Matthew Moadebi604-329-6771 (Cell)[email protected]

www.matthewmoadebi.com www.vancouverfranchise.ca

Blenz Master Franchise in Vancouver, Vancouver Island, Ontario & Alberta Blenz Franchises �� $188K, $320KSteamrollers Franchises Available �� $179KWired Monk Individual Franchise Opportunity Wired Monk �� $67K - $99K - $149KWired Monk New Franchise - Fraser Hwy - Drive-Thru, Langley ��$278KSandwich Tree master franchise opportunity ��$235K

F r A N C h I S e O p p O r T u N I T y Development Opportunity - Chilliwack Multifamily/senior care, Land Assembly (5 homes), Rental income $3900/mo, No Rezoning Required. $1,200,000

Established Franchise Resales - Langley Taco Del Mar, Busy location, Turn Key. $98,888

Baskin Robbins - Kamloops Turn Key, Excellent location. $98,888

Neeraj Sood CCIM (candidate) Commercial Investment Specialist

1-800-668-8661 [email protected]/MAX Little Oak Surrey

www.neerajsood.com

MARK RAYMONDRE/MAX SELECT [email protected]

West Point Grey, Vancouver, BC

• 4474 West 10th Ave • Perfect store front• 2770 Sq ft residence top floor• Gound & 2nd floor commercial-retail• 3 Car garage • Superb location

Rare Combination 3 Storey

$2,888,000

BcHotelsForSale.comGas Stations Liquor Stores Motels

Raman Arneja 604-355-1000Nationwide Real Estate Agents

A.J. Jaswal 604-780-5244Sutton-Premier Realty An Independent Member Broker

- Steady income

- With Pool & Sauna

- Fully upgraded

- Downtown location

- Over 10% cap

- Tourist hub Asking 1.9 Million

Revenue $525,000 +

We have the RIGHT business to suit your needs from $200k to 25 Million

Contact us for more details

RAY LEWIS604-812-9733West Coast Realty

L a n g L e y

Port Kells, surrey near Freeway 6.75 acres future res. Dev. Site , not in ALR, has city water. Good lg. home & shop & income . Well priced at $1,790,000

surrey / langley Hotels Good packages from $3.8million Also sm. to lg. res parcels near freeway

VancouVer DeVeloPment sites Commercial & mixed Commercial / Residential, From $12.5 million

Please contact Iain MacDonell 604-328-3929www.macdonells.comRE/MAX SELECT

PROPERTIES

SPORTING GOODS STOREEstablished sporting goods store. This store received the Couriers Readers Choice Award

since 2007. Income to owner operator $75,000. $99,000+ Inventory.

UNIfORm ShOPSales: $500,00 +/yr

Established 30+ years netProfit: $84,000/yr

$199,000 + Inventory

VANCOUVER BC

Please contact Michael Pearlman 604-307-4800 /Iain MacDonell 604-328-3929RE/MAX SELECT

PROPERTIES

LEASE SPACE

25,000 - 35,000 square feet for a College anywhere in the Lower Mainland.

WANTED


US$57,000, with detached houses selling at a median of around US$130,000.

Smith noted that the Phoenix area now has 3.8 million residents and is projected to have 4.6 million by 2020, an increase that is lead-ing U.S. growth projections. Meanwhile, its jobless rate has fallen to 7.3 per cent, com-parable to B.C. and among the lowest of any major urban region in the U.S. Projections, he added, are that, compared to zero hous-ing starts in 2009, an estimated 11,000 new homes will start construction this year in the Phoenix area.

But house prices are still incredibly low in comparison with B.C. or Alberta – where most Canadian investors hail from – and rental demand is solid.

“Phoenix is on fire,” agreed Linda Gerchick, head of Gerchick Real Estate Team in Phoenix. Gerchick estimated that median detached house prices in Arizona’s biggest city have increased 23 per cent this year compared with 2011. Projections are that the big recovery in Phoenix will be in 2015-16, Gerchick told a recent Vancouver real estate conference.

“There is still time to get into the Phoenix market, but you have to work harder to get

Sidebar: How the U.S. Sunbelt condo prices have changed

City Median price Increase from one year ago

Miami $272,900 9.9 per cent Las Vegas $70,250 24 per cent San Diego $240,000 14 per cent Phoenix $59,000 15 per cent

Source: Miami, Las Vegas, San Diego, Phoenix real estate associations. All prices in US$ as of September 2012.

AMERICA from A16the deals,” she said.

Gerchick said that with an influx of new workers and students, Phoenix is becom-ing an ideal rental investment for Canadian investors.

“Phoenix is the most land-lord-friendly city in the U.S,” with no rent controls and a three-day eviction process, sometimes within 24 hours. While the over-all vacancy rate in Phoenix is around 9 per cent (about three times higher than in western Canadian cities), she said that when you look at specific properties, like detached houses, or areas, such as near the 67,000-student University of Phoenix or the new $3 billion Intel plant, rentals become tighter.

House with pool $104KSo how good are the Phoenix deals? Gerchick trotted out these recent examples of listings aimed at Canadian rental investors:

• a four-plex rental building in Mesa, Arizona (a Phoenix suburb). All the units are two bedrooms with 1,000 square feet and all are rented. Price: US$195,000;

• a 28-unit apartment building in Phoenix, a mix of one- and two-bedroom units with a net operating income of US$75,000. Price:

US$1 million (or $35,714 per unit);• a 2,100-square-foot detached house in

Surprise, Arizona (a Phoenix suburb), with four bedrooms and a pool. Rented for $1,295 per month. Price: US$175,000; and

• a 1,326-square-foot, two-bedroom-and -den townhouse in a Phoenix gated commu-nity with a pool. Price US$104,000.

Said Smith: “For a cash-on-cash invest-ment, it is possible to see a 19 per cent annual return in Phoenix real estate.”

Canadians now make up the bulk of foreign buyers in the Phoenix market and demand appears to be rising even as the bargains become harder to find.

According to the BMO survey, 16 per cent of Canadians would consider buying a U.S property. About one-third (29 per cent) of these Canadians are seeking an investment.u

U.S. Sun Belt condo prices have changed

City Median price Increase from one year ago

Miami $272,900 9.9 per cent Las Vegas $70,250 24 per cent San Diego $240,000 14 per cent Phoenix $59,000 15 per cent

Source: Miami, Las Vegas, San Diego, Phoenix real estate associations. All prices in US$ as of September 2012.

GauthierTeam.comLindsey Gauthier Personal Real Estate Corp.showplace realty ltd.

NEED NOW!!! $3 - $15 MILLION SHOPPING CENTRES

BUY IN CHILLIWACK

NOW IS THE TIME!

Lindsey GauthierPersonal Real Estate Corporation [email protected]

604-798-2977

AUTO RECYCLER

Rare and hard to find established turnkey auto recycler. Owners have been doing this business for over 25 years. Large inventory of high end salvage and a customer database of over 3000. $1,900,000

$3,200 Month Income Legal 4 Plex! Beautiful 4 Plex in a great area of town with a fenced back yard, Shop in rear, RV Parking, Too much to List. This is a newly renovated 4 Plex with two 3 Bedroom units and two 1 Bedroom units with Fridge, Stove, Washer & Dryer. This is a great investment property. House was built in 1984. This is a Dynamite Investment Opportunity!!! $579,000

MECHANIC SHOP This business makes money $$$$$$ Established business that has a dedicated Clientele and is located on a main arterial road. C2 Zoning, large freestanding building with 7 bays including a RV bay, ample parking, office space and classroom located on the second floor. building is over 5,000 sq.ft. with 2 floors and the purchase includes the Business, Building and Land. $1,650,000

DEVELOPERS 4 LOTS!!!! 4 lots that make a large corner lot in a residential area of town. 2 bare lot, and 2 rental homes. This is a great purchase for someone wanting to build multifamily building in a quiet area of town close to all the amenities. These properties add up to 34,056 sqft of land. $799,000

INVESTOR ALERT!!!!

Commercial Building with fantastic Hwy #1 Exposure located in a busy growing commercial area. 4 Bays with separate entrances plus an upstairs apartment. 4 Strata Units FULLY LEASED with great tenants. 0.44 Acre Lot, 10,954 sqft. Leaseable Area. Deville paint booth in end unit, Roof Report available, Electrical and Heating has been inspected. M2 – Service Industrial Zoned Property. THIS IS A GREAT BUILDING!!!!

$1,550,000

GREAT BUSINESS INVESTMENT

BUSINESS ONLY for sale!!! Largest Laundromat in Chilliwack. Great Clientele, Corporate Accounts and located on a busy road, surrounded by lots of residential rental buildings for a flowing supply of Laundromat customers. This is a great business generating a good income.

$125,000 FIRM!

BED AND BREAKFAST 4400 Sq.ft., Custom Built, 5 Bedroom House plus den on Corner Lot on a Flat .42 of an acre. Breath Taking Covered Deck. 3 Gas fireplaces, Gourmet Kitchen with Island and Granite CounterTops. Impressive Master Bath ensuite with walk in shower. New septic field. $939,000

Motel/Pub/Restaurant – COURT ORDERED SALE 3 Titled properties. 2,713 Acres. 2 level 12 suite apartment, 50 seat Pub with 50 seat Patio, Office with a 3 bedroom, 2 bathroom Residence with unfinished basement. Motel with 7 kitchenette units, and 4 bedroom 2 bathroom Penthouse. 2 Level Motel with 10 units, and a Cooks Residence with 2 bedrooms 1 bathroom. Restaurant.. $798,000 MLS®H3120280

RETAIL WITH UPSTAIR APARTMENTS Versitile Building! Commercial Storefront on the mainfloor, residential units upstairs. Lots of Parking in front and rear of the Building. Lance access to rear parking. This is a classic building and a must see. 2 commercial/3 residential units. $599,900 MLS H3120313

1.58 ACRES OF M2 ZONED LAND

Large lot best suited for industry and industrial sales activities relying in part on open storage and display. A wide variety of uses are permitted including Warehousing, Light Manufacturing, Food Processing, Service Industrial, Convenience Commercial, Accessory Office and Sales, Accessory Dwelling Unit, and Open Storage. House on the property for rental income or use as an office for your business. Prime area with lots of room to build, with road frontage, rail spur, and located in the heart of Chilliwack $1,099,000 H3120026

EXCELLENT LOCATION! BUILD HERE

1.66 Acres in 2 Titles, zoned M2 in an absolutely prime location. Highway #1 exposure, access from Yale Road, or Chalmer Place (cul-de-sac). Set in the heart of the industrial area with easy access to the City and National transportation routes. Zoning allows for wide variety of uses. This property is in a desirable arterial route on Yale Road located between Evans Road and Lickman overpass. The area is booming in new development, and is the place to be for an industrial business.

$1,580, 000 MLS®H3120202 & 204

STRATAFIED BUILDING WITH 3 UNITS

4,400 sqft. Building on 8,000 sqft. Stratafied lot with a large bay door on the Mechanic Shop, Residential Suite, and Beauty Salon. Great for a business owner looking to own their own REAL ESTATE. This is a great 3 unit Strata to increase your investment portfolio. $599,000 MLS ®H3120167

3 STRATA UNIT BUILDING

3-1,000sq.ft. Units that can be sold together or separately. The visibility and walk by traffic is phenomenal. This is a great opportunity to purchase the entire strata building, or just buy 1 or 2 units. This has a stylish exterior and has been completely renovated to new. $575,000 or $195,000 each MLS®H3000403/405/407

RESIDENTIAL/COMMERCIAL STOREFRONT 3 Bedroom home with den upstairs, and retail space on main floor. Commercial and residential investment opportunity in downtown core of Agassiz. FULLY RENOVATED, and endless potential for the main commercial space. Tons of retail exposure being on an arterial route. This is a must see property.

$329,000 H1203143

THIS UNIT IS PRICED TO SELL

1,364 sqft strata commercial end unit. Located in Agassiz’s “Village Square” an attractive 8 unit in high traffic area. This is ready for owner improvements and your creative ideas. Well priced, well located, with immediate possession possible. $169,900 H3120143

GREAT TENANTS

INVESTMENT PROPERTIES FOR SALE

EXCLUSIVE LISTINGS

POWELL RIVER I N V E S T M E N T

OPPORTUNITIESSTORAGE FACILITY

1.3 acres with 16 storage bays, offi ce, 21’x41’ shop/bay with 3 phase power. Fully fenced, easy highway access, good exposure, room for expansion, just minutes south of Powell River.

$349,900

CONVENIENCE STORE Only store in the Townsite community. Turn-key w/ ATM, Lotto & Keno, seating area, deli. Bright, clean, well maintained. Offi ce & storage in basement. Building & land included, stock added at cost.

$169,900

For information on these properties or other Powell River investments

CONTACT US TODAY


Well established, located in pristine park (with permit), 14 guest fl oating lodge. Contact: 250-600-4645 or [email protected]

FLY - IN SALTWATER FISHING RESORTDUNDAS ISLAND, BC

$1.75 Million.

www.haa-nee-naalodge4sale-com.webs.com Direct Line: 604-626-8894 Email: [email protected]

www.sellingmobilehomeparks.com

Bill SummersBill SummersBill Summers

Fraser Valley 26 pad MHPwith two homes on 5 acres. 5 more sites ready to fill with all the services close by and possibly more sites in the near future. Great opportunity for equity building as there are MHPs close by that are closing down and interest is high to move mobiles to this park now. Management in place. Call for more details. Asking $1,395,000 Share Sale. Sale Pending.

Fraser Valley 43 pad MHPwith house and RV storage on 5 acres. Asking $4,000,000

Hatzic Prairie Market Convenience store/Gas station and cafeteria with owners accommodations.

Serving the rural area. ½ acre lot with large outbuilding that was used for feed sales. Be your own boss. Asking $539,900

CHILLIWACK

Sutton Group Showplace Realty Ltd.

KELLY JOHNSTON 604-793-9900 [email protected]

JIM SCHROEDER 604-793-9900

[email protected]

INDUSTRIAL PARK - BUSINESS - WAREHOUSE

PROFESSIONAL OFFICE SPACE –from $1500/m all in. - call for info packages

Sutton Downtown Business Centre – from $250/m for Virtual offi ce address with full

range of services to $750/m. Boardrooms, Handicap bathrooms, large beautiful lobby, full time staff and lots of FREE parking.

Gaetz Plaza – 1128 sqft – 2nd fl oor – Move in ready – Just set up the desks. 4 large offi ces, lunchroom, bathroom, technical room and reception under $1500/m.

Staples Plaza – 1000 sqft – 2 units available – retail / business with incredible exposure and numerous anchor tenants - $14.50 and $22.00.

SILVER CREEK AREA HOPE, B.C.

First month FREE!

Very low lease rate of $9.00 /sft. for 2392 sft or only $1794.00 per month. Licensed for 96 patrons. Liquor license in place.

This independent living facility contains 14 living units, inspected/approved kitchen, large common areas, generous outdoor decks and walkways situated in an executive residence, in above average neighborhood, amongst fabulous giant cedars. Located in Chilliwack on 1.07 ac of landscaped paradise set-back with a stone & wrought iron fence - this property is zoned and fully occupied.

DEVELOPMENT 8000 Nixon Road

For Sale$758,888

Buy now for an Estate Lot and take advantage of Development potential coming up soon. Right across the road from The Falls Golf Course is a 18.9 acre property of gently undulating land with spectacular panoramic views. Call for info package. Priced for quick sale.

INDUSTRIAL45745 Cartmell Road

For Sale or Lease $1,795,000

35 acres of land fronting the mighty Fraser with loads of potential. 10.1 acre of usable land leased and taking in $7000/m. There is approximately another 2-3 acres to lease at $1500/acre. Zoned heavy industrial. Lots of water and Power onsite. Well priced at $180,000 per usable acre.

DOWNTOWN BUILDING

45892 Wellington For Sale or Cheap Lease$839,900 or lease at $6.00 Gross lease /sqft3 level Character building in the heart of the downtown core. 16000 sqft on three levels. Great for retail/offi ce combo. Music Store / School / Retail outlet. Great for a Wellness Centre. Building is vacant and ready for the next business idea.

5-8030 Enterprise Way$299,888 or $8.95/sqft

22x72 deep space with back access for 14’ loading door. 3 phase power converter. All leasehold work is done. Reception, stock area, bathroom, mezzanine. Ceiling height is 22’. Zones M-2 light industrial.

45891 and 45885 Alexander Ave.For Lease $10/sqft2 units available. Recently vacated by long term tenants. Great retail exposure. Back access for loading door. Mezzanine and offi ce space all built. 4 units in all. 2122 sqft of fi nished space. Great for a range of industrial or retail uses. Zoned M-1 light industrial.

INDEPENDENT LIVING RESTAURANT FOR LEASE CHILLIWACK CHILLIWACK BC $ 1,350,000

For more details call Jim Schroeder 1-888-355-6771 For more details call Jim Schroeder 1-888-355-6771

102-46675 Yale Road ChilliwackMLS # H3120244

30 Lot Strata Subdivision 30 LOT strata subdivision on the banks of the beautiful Silver Creek with zoning in place and all other requirements substantially in place on this 4.95 ac property and all services are at the property line With the Offered price of $1,200,000 and low DCC’s your developer will make great profi ts. 63650 Flood Hope Rd, Hope BCAlso, available on exclusive bases is the adjoining 5.37 ac for an easy 18 large family lot subdivision potential.

Potential 18 Lot SubdivisionPotential 18 large family lot size subdivision on 5.37 ac

with RS - 1 zoning in place. Potential for all services to come through adjoining property at 63650 Flood Hope RdREDUCED from $350,000 – NOW ONLY $280,000 19746 Foster Rd, Hope BCAlso, available is the ad-joining 4.95 ac on 63650 Flood Hope Rd.

Both properties are located in the beautiful Silver Creek area with loads of recreation, close to school and great

#1 hwy access. Numerous new gold mining activities plus other new commercial ventures makes Hope the place to be.

Knight Road Plaza - 1175 sqft – 2nd Floor - move in ready – join doctors, dentists and other professionals for $12/sqft well located in the heart of Sardis.

30 Lot Subdivision

Potential 18 Lot Subdivision

LANGLEY, BC

FOR SALE LOT & BUILDING ( Share Sale ) 1.6 Acre / C-3 Commercial Zoning / Excellent Location - 232 St + Fraser Hwy $60,000 income per year.Corner lot / Big Potential !!!$ 2,380,000

MICHAEL LEE Prudential Sussex Realty Cell 604-328-8405 [email protected]


In leasing, tenants don’t get what they deserve – they get what they negoti-ate. From my experience, here are 11

tips that hold true for you – whether you are looking at a new commercial space or coming up for a lease renewal.

1. Create competition for your ten-ancy. Negotiate on more than one loca-tion simultaneously – especially with lease renewals. Even if you don’t want to move, create options so you can play one landlord against another. Share with each landlord that you are receiving proposals on other sites. Remember, the tenant is the customer and the landlord is the seller. The Lease Coach makes the landlord earn your tenancy.

2. Start the planning and site-selection process well in advance. For existing com-mercial locations and lease renewals, I rec-ommend that you start at least 12 months ahead. This allows ample time for complet-ing paperwork, searching for alternate sites (if necessary) and accounting for Murphy’s Law. If you can’t secure a good deal within the first few months, you can still exercise your option to renew or start the relocation process.

3. Negotiate to win. Many tenants are so focused on not getting taken during the leasing process that they completely forget to negotiate to win. You want to get as many

landlord inducements as possible – free rent, a tenant allowance, no deposit, a low rental rate, a great location and so on. The landlord and his agents are playing to win and so should you. Negotiate aggressively!

4. Ask for more than you expect to get. By “asking,” I mean that you should be negotiating for more than you expect to get. Ask for eight months of free rent if you want five. Ask for an $80,000 tenant allowance if you want $60,000. This allows for wiggle room for negotiations. Many commercial tenants are disappointed with the outcome of their nego-tiations because they neglect to build in room to negotiate. Just like a boxing match, nego-tiations should go a few rounds – that is the nature of the real estate industry.

5. Talk to other tenants. You can gain a wealth of information by talking with ten-ants who have recently moved into – or out of – the building. Be direct. Tell those tenants who you are and explain why you have come to see them. Ask for their comments about the landlord, the property management and the rent. For lease renewals, talk with other

tenants in the building who have recently renewed to find out how much they are pay-ing now and how smoothly the negotiations proceeded.

6. Ask questions about the property and the landlord. Commercial tenants shouldn’t rely on what the property manager, leasing representative or broker voluntarily tells them about a specific property or leasing opportunity. The Lease Coach typically poses questions such as these: How long has this landlord owned this property? Is the

property for sale? How many other properties does the landlord own? Is there local, on-site management? What is the vacancy rate? You may be surprised with the conclu-sions you can draw from the answers to your questions.

7. Keep your success quiet. One of the reasons why your landlord will raise your rent for the lease-renewal period is due to your success. If you have been profiting in a par-ticular location, you likely will not want to move even if you

can afford the rental increase. Some landlords will take advantage of franchise tenants (and other business owners), knowing how expen-sive it can be to move and set up a new fran-chise location.

8. Don’t accept the first offer. Once your landlord has made the first offer regarding your lease renewal, the real negotiations begin. With patience and good communica-tion you can improve almost any first offer, which may be nothing more than a smoke-screen anyway. One landlord’s first offer to my client, a doctor, was at $28 per square foot. I was able to negotiate a long-term deal at under $10 per square foot. This saved the client over $2,500 per month in rent for the

Leasing and negotiation

Lower Mainland

entire renewal term. 9. Do negotiate for lease-renewal incen-

tives. For some reason, commercial tenants neglect or are simply fearful of negotiating for lease-renewal incentives. If your lease is expiring, ask yourself what inducements would the landlord give to a new tenant just coming into the property? Examples of such inducements would include free rent and ten-ant allowances. If these were there for the offering to a new tenant, then why wouldn’t an established tenant – with a proven track record – get the same (or more) consider-ation?

10. Don’t misunderstand the role of the broker/agent. When doing site selection you should phone the number on the “For Lease” sign on the building. Be aware that if multiple agents are involved there may be commission splitting. This may diminish your chance of getting a location if the listing agent finds his own tenant to lease the space.

11. Avoid giving unlimited personal guarantees. A personal guarantee is an entre-preneur’s promise to honour the lease agree-ment if the tenant or corporation defaults. Sometimes a personal guarantee is necessary, but I will recommend opting for a “limited declining personal guarantee.”

These are only a few of the dos and don’ts that will help you when it comes to negotiat-ing your new lease or renewal. Remember: your success will ultimately depend on your location and the deal you make.u

Dale Willerton, the Lease Coach, is a commercial lease consultant and author of Negotiate Your Commercial, Retail & Office Lease or Renewal. Phone 1-800-738-9202 or visit www.TheLeaseCoach.com. For a free copy of the CD, “Leasing Dos & Don’ts for Commercial, Retail & Office Tenants,” please email [email protected].

commercial leasing

dale willerTon

11 leasing dos and don’ts for commercial tenants who want to get more than they expect to get

E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verifi ed. All measurements quoted herein are approximate.

ROBERT THAM • MARC SAUL • Corbel Commercial Inc. www.corbelcommercial.com • Tel: 604.609.0882 • Fax: 604.609.0886 • [email protected]

E. & O. E.: All information contained herein is from sources we deem reliable, and we have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not

604 – 55 E CORDOVA ST.• CORNER LIVE/WORK PENTHOUSE STRATA• FLOOR TO CEILING WINDOWS W/ EXCELLENT VIEWS• PARKING AVAILABLE• LARGE PATIO WITH THE POTENTIAL OF HAVING

A ROOFTOP DECK • UNIT SIZE: 1,996 SQ.FT (APPROX., AS PER STRATA PLAN) • ZONING: HA-2 (GASTOWN HISTORIC AREA)REDUCED PRICE: $1,990,000 $1,750,000

PARIS ANNEX COMMERCIAL RETAIL/OFFICE UNITS• GOOD CEILING HEIGHTS• LARGE RETAIL DISPLAY WINDOWS• NEWLY RE-DEVELOPED CONCRETE CONSTRUCTION • UNIT SIZE: FROM 941.84 SF TO 2,044.06 SF (APPROX., AS PER STRATA PLAN)• ZONING: DD (DOWNTOWN DISTRICT)REDUCED PRICE: FROM $389,000 $359,000

1428 W HASTINGS ST. – DOCKSIDE LIVE/WORK TOWNHOME• BEAUTIFULLY FINISHED LIVE/WORK UNIT

IN COAL HARBOUR• IMPRESSIVE LAYOUT WITH 2 FULL WASHROOMS AND 1

HALF WASHROOM• 2 PARKING STALLS• UNIT SIZE: 1,315 SF (APPROX., AS PER STRATA PLAN)REDUCED PRICE: $ 988,000 $968,000

608 W PENDER ST./515 SEYMOUR ST.• THE MALONE’S DOWNTOWN & CAMBIE (SEYMOUR)

HOSTEL. 40 GUEST ROOM HOSTEL (74 BEDS), A 125 SEAT RESTAURANT & A 180 SEAT PUB W/ AN OFF SALES LOUNGE.

• LOCATED ON THE CORNER OF WEST PENDER ST. AND SEYMOUR ST.

• EXCEPTIONAL OPPORTUNITY FOR INVESTORS, OWNER-OPERATORS AND DEVELOPERS

LIST PRICE: $ 8,500,000

SOLD

353 WATER ST.

SOLD

21 WATER ST. - The Packing House 1523 E. PENDER ST.

SOLD

611 POWELL ST.

SOLD

350, 356 & 360 CARRALL ST.

SOLD

PRICE REDUCED

PRICE REDUCED

PRICE REDUCED

NEW


LITTLE OAK REALTY"All offices independently owned and operated"

Call Ray or Richard for all of your Real Estate Needs!email us at [email protected]

1-800-668-8661RESIDENTIAL, COMMERCIAL, INVESTMENT & AGRICULTURE

Ray Veenbaas 604 309 0257

Richard Riemersma 604 309 8541

Little Oak Realty

TF 1-800-668-8661 #9–2630 Bourquin W., Abbotsford "EACH OFFICE INDEPENDENTLY OWNED & OPERATED"

FEATURED PROPERTY BUSINESS OPPORTUNITIESINVESTMENT REVENUE

DEVELOPMENT SITE

New westmiNster Office (4 strata UNits) Shows $35,000 net annual income. Asking $711,000

abbOtsfOrd Office / retail Office miX - Shows $57,500 Net (6.75% CAP) Asking $849,000

affOrdable mUlti-teNaNt Office Building with stable revenue. Asking: $988,000

mUlti-teNaNt iNdUstrial bUildiNg - in excellent area. Easy to rent small units, never vacant. Asking: $2,425,000

98 UNit mUlti-family siteClose to shopping centre, hospital, recreation and lakeside walking trails (Plans available) Asking $2,900,000

BC’S BEST BUSINESS DEAL!!!GREAT CAShFLOW

EASy TO OpERATE, SELLER WILL TRAIN

Asking $2,000,000(pLUS INVENTORy)

steakhOUse aNd iNdiaN bUffet - Great location & Great lease. Reduced to $199,000

thai fOOd restaUraNt bUsiNessMost popular in town. Asking: $179,900

fraNchise restaUraNt on major highway in a flagged motel. Comes with a bonus 12,000 sq ft banquet hall. Asking: $389,000

maNUfactUriNg bUsiNess gOiNg cONcerN

laNd, bUildiNg & bUsiNessseller may maNage fOr New OwNer,

Or bUy OUtright aNd take tO NeXt level.

askiNg $4,000,000

What an opportunity for owner operator or investor! Three 5 year young tilt-up warehouse units available totaling 11,620 sq.ft. Unit 101 & 102 & 103-7225 Brown St. Currently running as Inter-national MotorSports. Buy all three, OR buy individually. BONUS: Absolutely beautiful 2,000 sq.ft condo located in unit 101-102 with 10 ft ceilings and a Yaletown feel! Tilbury location, great oppor-tunities with the new South Fraser Perimeter Highway nearby! Conveniently located near Massey Tunnel, Tsawwassen Ferry, Alex Fraser Bridge, USA Border, and minutes from Vancouver! Make your business grow here! Check out 360 Virtual tour online and call for information package! www.fraserelliott.com

#101/#103-7225 Brown Street, Delta

fraser elliott [email protected] RE/MAX Progroup Realty

$1,599,900

1-800-661-6988

www.westerninvestor.com

FOR LEASE: Freestanding retail building in prime location on Luckakuck Way with excellent exposure to the Trans Canada Hwy. Same site as Value Village and MJM Furniture and Mr. Mike’s. 60’ x 120’ (7,200 sq.ft.) building with 18’ + ceiling and 18’ wide roll-up loading door at rear (Currently occupied by End of the Roll). Available September 1st. 2012.Asking $12.75/sq.ft. NET (+ net3 costs $2.75/sq.ft.)

CHILLIWACK RETAIL BUILDING#3 – 45150 Luckakuck Way

fraser elliott [email protected] RE/MAX Progroup Realty

• 3.14 acres • 397 feet of Water Front • Zoned Commercial Four (C-4) • views of Georgia Straight

$3.5 M $2.2 M

WANTEDWiNEry iN AlbErTA or

briTish ColuMbiA

MiNiMuM 50 ACrEs

of lAND.

CAMpbEll rivEr, bC

www.AlbertaInvestor.com

WANTED: ApArTMENT builDiNGs

AND MulTi-fAMily siTEs iN bC & AlbErTA

WE ARE LOOKING TO PRESENT YOUR REAL ESTATE PROJECTS TO CHINESE INVESTORS

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

Jerry raczkowski780-932-2121 • [email protected]

re/MaX real estate 10510 121 St., T5N 1L4 Edmonton, AB

iNvEsTMENT opporTuNiTiEs


There will be no recovery in Metro Vancouver housing sales for at least six months and investors

looking for quicker returns should be scout-ing south, north and into Alberta.

That was the conclusion drawn from Ozzie Jurock’s 20th annual Real Estate Outlook Conference, held in mid-September amidst Vancouver’s slow-motion residential real estate crash.

Housing sales across Metro Vancouver have plunged more than 30 per cent this year from the heady days of 2011, and Jurock told some 700 conference delegates to not expect a speedy upturn.

“Sales will not improve for at least four, perhaps six months,” Jurock said. He added that Vancouver is seeing the emergence of two separate housing markets: “the super rich and everybody else.”

The former, he said, is seen in West Vancouver tear-down houses selling for $4 million and a record 30 West Vancouver homes selling on MLS for more than $3 mil-lion this year – and nine of these for over $6 million.

The latter is seen in a 33 per cent decline in MLS housing sales and a 17 per cent spike in listings as of September.

Jurock forecasts that average Metro Vancouver house prices will drop 10 per cent this year, while resale condominium prices will fall 15 per cent from a year ago, and 20 per cent from the peak seen in early 2011.

Developers of new condo projects will be offering incentives to buyers in a glutted mar-ket over the next few months, he said, and buyers who haggle hard can get some very good buys this fall and winter.

“The best deals are always found in down markets,” Jurock noted.

However, over the next three to 10 years, Metro Vancouver housing prices will increase across the board because of the B.C. resource boom, an increase in foreign investments, inflation and a generally strong economy, Jurock forecast.

He encouraged long-term real estate inves-tors – or “flippers” – to look into northern B.C., particularly Kitimat, Terrace, Dawson Creek, Fort St. John and Prince George, all of which are benefitting from billions of dollars in resource and infrastructure investments.

The return of Alberta buyers will lead a slow but steady increase in real estate values

FEATURE B.C. investors urged to look north and into Alberta and Arizona for best, quickest returns

FRAnk o’bRiEn

WESTERN INVESTOR

in the Kootenays and the Central Okanagan, Jurock said.

Head north Calgary-based Dave Steele, head of Western Canadian Properties Group, steers inves-tors into small-town resource markets in Western Canada. He agreed that northern B.C. is a prime play.

In Dawson Creek, Steele and 125 investors recently bought and fixed up a 32-unit town-house project. The $217,900, two-bedroom units rent for $1,500 per month and generate positive cash flow of $314 per month, Steele said.

Western Canadian Properties is now build-ing a separate townhome project that will complete this October, where condo units are expected to sell in the $230,000 range.

Steele believes the western resource sector is heading into the biggest boom in Canada’s

Lower Mainland

Some 700 delegates packed into the 20th annual Jurock Real Estate outlook Conference in Vancouver to hear of opportunties going into 2013.

history and he told investors to “get off their butts” and share in it. “The world needs resources and Canada has those resources.”

He added, “There is $40 billion in invest-ment going on in the north,” citing the $6.6 billion Site C demand and new LNG plants and pipelines. More than a million jobs will be created across northern B.C. over the next 20 years and the population will double in less time than that, he said.

Other speakers at the all-day conference told buyers to forget B.C. altogether and move their investments east to Alberta or south to Arizona.

Alberta boundAlberta is the real centre for the resource boom and the place where rental investors should be today, according to Calgary-based Domenic Mandato, founder and president of InvestPlus Properties Canada Ltd. Alberta has no rent controls, so InvestPlus and its investors buy older mid-market apart-ments, fix them up over a year, immediately raise the rents to market levels and then sell them, Mandato explained.

InvestPlus offers limited partnerships for investors and, according to Mandato, returns of from 24 per cent to 44 per cent for inves-tors are not uncommon.

Look south Linda Gerchick, who heads the Gerchick Real Estate Team of Phoenix, said the fast-recovering Arizona market offers the most potential for nimble investors.

Gerchick recommends Canadians buy rental property.

“Phoenix is the most landlord-friendly city in the U.S.,” with no rent controls and a three-day eviction process, sometimes within 24 hours, she said.u

Phot

o: M

arc

Juro

ck

Real estate outlook

20680 72nd Ave., Langley MLS# F12238441,008 Acres - Designated Residential $749,900Northeast Gordon Estate NCP

34801 Delair Rd., Abbotsford Approved 31 Unit Townhome Site $1,860,000

21722 Maxwell Cr., Langley MLS# F1209709 5.02 Acres - First Time For Sale $988,000

7648 197th St., Langley MLS# F1209538 2 Acres - Latimer Plan Townhome Designation $1,595,000

32270 Lougheed Hwy., Mission MLS# 32012875.03 Acres - High profi le Commercial site $4,500,000Adjacent to SuperStore & Rona

2815 Station Rd., Aldergrove MLS# F12242530.79 Acres - Out of ALR $650,000Immediate rezoning potential

8242 200th St., Langley MLS# F12231852.24 Acres - Prime Investment Land $2,450,000

34594 4th Ave., Abbotsford MLS# F3200005 0.38 Acres - High Exposure C3Zoning $599,000

We have buyers for development sites

in the Fraser Valley.

Please contact JOE VARING at 604-859-3141www.VARINGGROUP.com

REDUCED

REDUCEDREDUCED

A24 Lower Mainland/Sea to Sky/Vancouver Island WESTERN INVESTOR

Darren McCartney 604-892-4875 [email protected]

RE/MAX Sea to SkyReal EstateSquamish

4.2 Acre, 71 Unit Multi-Family $3.75 mil11 Acre Motel/Campground/Hotel Site Holding income campground/motel $1.10 mil 14,280 SF Dev Site Dwtn Bank Corner at key intersection $675k2.1 Acre Residential Site 6-8 Single Family or Duplex Lots $750k0.54 Acre Retail Site Backing on 3 Malls $1.999 Mil0.84 Acre Multi Family Site In built neighborhood $925k

30 Unit Multi-Family Dwtn 28,000 SF buildable $1.08 mil

59 Unit Multi-Family Dwtn $2.15 mil

10 Acre Riverfront Lots $1.175 mil +

Retail for Lease off Hwy 99 1,300-10,000 SF Facing Home Depot, Walmart & Rona

Commercial Site on Hwy 99 $1.65 mil C-3 gateway site: DP for 82 unit hotel

1 Acre Light Industrial lot $599k

SQUAMISH INVESTMENTS

For more commercial listings and information on the commercial market in Whistler visit:

www.realestatewhistler.co or [email protected]

Allan Jenner 604-905-9589Allan Jenner

INVESTMENT OPPORTUNITYWHISTLER SPECIALTY RETAIL/RENTAL COMPANY

Largest independent specialty rental /retail operator in Whistler!• Ski and snowboard equipment rentals, clothing and accessories retailing• In business for 14 years• Operates nine outlets• Strong reputation for offering a high level of service• Great working environment for its employees• Tremendous network of partners and relationships including;• 400 referral partners, over 100 hotel, tour operator and transport companies

Call Allan for an information package.

SunShine CoaSt established MotelFor Sale

Oceanview Realty

Situated on prime commercial property in down-town Sechelt, the cozy court Motel is enjoying a renaissance. the current owner has invested heavily and has turned the operation into a financial success story. anticipated gross revenue of $280,000 for the year. invest and run this turn-key operation while you long term plan for the future. Info package avail.Gord Clayton 604-740-6302Sechelt, Bcwww.sunshinecoastrealty.ca

CORNER STORE & GAS BAR

FOR SALE OR LEASEExcellent high traffic corner location in busy Campbell River, Vancouver Island, BC. Easy to operate and an EXCELLENT INVESTMENT.Contact: BARBARA: 250-337-5736 or [email protected]

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UNIQUE PROPERTIES FOR SALE IN BRITISH COLUMBIA

FAIRMEADE FARM - Langley• 156Acreequestrianestate.Thispropertyhasanexpansiveand

historicmainresidence,guesthouseand3caretakeroremployeehomes,atenniscourtandlargein-groundswimmingpool.VeryprivatewithfrontageontheSalmonRiver,232ndStreetand64thAvenue.

ELKIN CREEK GUEST RANCH - Nemaiah Valley• HistoricallyrunasaguestranchinthebeautifulChilcotinRegionof

BritishColumbia,theranchsitson620acresofrollingpastorallandswithanadditional25,000acresofCrowngrazingrights.Thisguestranchhastheservicesandamenitiesofaluxuryresort.

BOAT HARBOUR DEVELOPMENT LANDS - Nanaimo• 15+Acreswithover3,000feetofwaterfrontageonStuart

ChanneloverlookingtheGulfIslands.Thispropertyhastheimmediatepotentialtobesubdividedinto6waterfrontlots.Offersexcellentaccessibilityandthepossibilityforlong-termmoorageatneighbouringBoatHarbourMarina.

ISLAND WEST RESORT - Ucluelet• LocateddirectlyonUclueletHarbouronVancouverIsland’sWest

Coast,thisCourtOrderedsaleincludesamotel,RVpark,84-slipmarina,marinepub,tackleshop&store,andarentallodge.Thisresorthasgreatredevelopmentpotentialandexistingincome.

Mark Lester & Alan JohnsonS P E C I A L I Z ED A S S E T S G ROUP

T.604.632.3345/[email protected]

Commercial REALTORS® know the market.In fact, we work in it everyday.

Providing clients with tools and expertise for investment, purchase, sale, lease, development and management of commercial real estate.

Contact a professional to help you get started today:www.vreb.org/CommerCIal

WESTERN INVESTOR NOVEMBER 2012 www.westerninvestor.com Vancouver Island A25

*PETER HALL / *CHRIS DAVIES - RE/MAX CENTRAL*Personal Real Estate Corporation

www.davies-hall.com

For Further Information, Please Contact:

PETER HALL / CHRIS DAVIES Telephone: (604) 718-7300 Facsimile: (604) 718-7307 E-Mail: [email protected]

#181, #182 & #183 5489 Byrne Road, BurnabyRiverway Business Park

*Six Tenants *Three strata lots *Approximately $80,000 triple net incomeAsking Price: $1,595,000.00

MULTI-TENANT/MULTI-BAY STRATA INVESTMENT

Judy Gray, CCIM1.800.600.1718 Mid-island Realty

the moorage • For sale or lease, plenty of parking• Excellent visual exposure• Several choices, water & mountain views• Suitable for retail, office, café, or…

Pioneer boat works $899,000

• Harbour front fishing & marine supply• Owners living above• Share purchase or asset sale• Stage II enviro

www.judygray.com

Suite 103–1801 Bay St, PO Box 195, Ucluelet. BC. V0R 3A0

DALE SHORTT Bus: (250) 758-3700 • Toll Free 1-800-665-8313640 Trans Canada Highway, Ladysmith, B.C. V9G 1A7 • Email: [email protected]

OceanPointe

28 rental rooms, generating $8000 monthly. 115 seat pub plus full service kitchen. Fully renovated hotel incl. new windows, newer roof and full exterior paint.

This property was formerly listed at $1.8 Mill.

Asking $1.2 Mil. Seller will look at all offers

fuLL SERvicE HOTEL + winE + bEER STORE Must be Sold Due to Family Matter

NANAIMO & vANcOuver IslANd PrOPertIes

d e v e l O P M e N t s I t e s & l A N d

d e v e l O P M e N t s I t e s & l A N d

21 uNIt tOWNHOMes reveNue PrOPertY ON tHe GOlF cOurse. 2 & 3 bedroom units, private patios. Monthly income: over $20,000, assumable mortgage. Ideal property to hold or strata conversion. $2,875,000

5 reNtAl HOMes – All together 5 sep. adj. lots. starting at $169,900 or all for $1,150,000. seller will finance. 10% down at 3 per.

5 Plex NANAIMO 5 meters, over $4,500 monthly revenue. Covered parking. Storage lockers. Separate meters. Asking $749,500

Just lIsted: 2 HOMes W/ AddItIONAl suIte + 2 cOttAGes Total of 6 rental units. Located on 2 separate ocean view lots. $579,000

FANtAstIc OceAN vIeW rM-5 dev sIte Unrestricted views, overlooks cruise ship pier. Approved

for 35 condos, No DCC’s. $729,000

dePt BAY BeAcH FrONt HOMe This smaller 2 bedroom home awaits your ideas. Great year round or vacation home, swimming & beach right out off your front veranda. $599,000

c O N d O s & H O M e s

FOreclOsure cOurt Ordered sAles

H O t e l s & P u B s

INcOMe PrOducING + reveNue PrOPertIes

2.47 Acre cOuNtrY lOt ZONed FOr 4 HOuses Allows for B&B, dog kennels. City water. $298,000

23 Acres $459,000 50 Acres, $995,000 43 Acres $859,000

Adjoining properties, 1 mile from city limits, Zoned for 5 acre lots.

cOuNtrY estAtes develOPMeNt sIte

Full FAcIlItY suPer 8 MOtel Central/southern Vancouver Island. High profile Location. 35 rooms, + 20 suites with leased 125 seat pub and Smitty's 120 restaurant. 1.5 acre property on Trans Canada. $3,600,000

OceAN vIeW develOPMeNt sIte 21 condos or 8 townhomes. $379,500

FOrclOsure: 3 Acres - OceAN vIeW dev. sIte. Plans for 21 res. units, mortgager will finance.

60 uNIt cAre HOMe FAcIlItYIn Nanaimo. Full facility, great location. $5.4 MIl.

NANAIMO Best BuY! MIdrIse develOPMeNt sIte Downtown core. Commercial/condo site. $159,900

DUPLEX LOT $129,000 • 4 PLEX LOT $199,000

reveNue HOMe / 2 lArGe lOtsAcross the street from university. Ideal property for 4-plexes or student housing. $315,000

sIde BY sIde duPlex $399,500

dAle sHOrtt Bus: (250) 758-3700 • Toll Free 1-800-665-8313640 Trans Canada Highway, Ladysmith, B.C. V9G 1A7 • Email: [email protected]

OceanPointe

57 Acres WItH PeAt MOss, Beck lAke17 acres sub-dividable into 2 acre sites. Marketing coal tailings for large exportation contracts located on large

aquifer for water or sales. $1,100,000

$359,900 ½ Acre PrOPertYWith large rental home. Ocean view. Subdividable,

build 2nd home or re-zone for 8 town homes. Financing available at 2.15%.

dIstress sAle, 17,000 sQ Ft WAreHOuseIncl. 7000 sq ft retail store front, plus 2 additional freestand-ing buildings with large overhead doors on 1.1 acres in the city. Assessed value $1,030,000. Asking Price $529,000

sellING due tO FAMIlY MAtter17 Acre Farm with beautifully renovated home, large shop, fantastic location. Must be sold. $525,000

cAssIdY HOtel½ acre property on Trans-Canada close to airport. 8 suites, 135 seat pub, primary liquor license, 3rd fl unfinished for future dev. $595,000

5 Acres INdustrIAl PrOPertY Includes 2000 sq ft home. Fully fenced, shop. Currently

an auto wrecking business. $559,000

A26 Vancouver Island www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTOR

Business Is Better On Vancouver Island

Business Opportunities ESTABLISHED FOAM AND MATTRESS COMPANY — Parksville $ 119,000 ESTABLISHED PLUMBING AND HEATING BUSINESS—Nanaimo $ 175,000

SEWING MACHINE AND QUILTING RETAIL BUSINESS—Nanaimo $ 180,000

AWARD-WINNING KITCHEN AND BATH BUSINESS—Sidney $ 149,000

JUMPING JIMINY’S PLAYLAND AND CAFÉ—Nanaimo $ 399,000 Well known children’s entertainment business

ESTABLISHED HOTEL AND PUB—Port Alberni $ 439,000

ESTABLISHED PLUMBING AND HEATING BUSINESS—Nanaimo $ 495,000 On 7,560 sq ft lot with 1,300 sq ft building

WHOLESALE DISTRIBUTOR BUSINESS ONLY—West Coast $ 549,000

WHOLESALE DISTRIBUTOR—West Coast $1,295,000 On 1.039 acres with 7,320 sq ft building

LIQUOR STORE IN LEASED PREMISES—South Vancouver Island $1,500,000

FRANCHISED MOVING AND STORAGE CO.—Central Vancouver Island $2,550,000

LIQUOR STORE WITH LAND AND BUILDINGS—Port Alberni $2,600,000 With Commercial Tenant

Featured Listings Inn

Established Inn with 41 rooms located in Campbell River. Shows strong positive growth and cash flow over the last five years.

Offered for sale at $3,500,000

Investment Property Located in Coombs, this 18.81 acre site on the Alberni Hwy includes a mobile home park and commercial lease revenue. Well priced at a 9% cap rate.

SOLD Inn This C-5 zoned Tourist Commercial property includes a 40 room lodge situated on 3.95 acres on ocean front in Tofino.

Business Opportunity

Located in downtown Port Alberni. Price includes rental equipment, inventory, parts, goodwill and land and building

Offered for sale at $1,900,000 Heavy Industrial Property $2,000,000

Located at Duke Point in Nanaimo, this 5 acre site is paved and fenced and includes an approximately 18,000 sq ft building. Green Rock Industrial Park

24 Light Industrial lots, of which 7 remain, in prime Nanaimo Location 9,710 to 59,376 sq ft Excellent highway access and “Green” construction. $199,000 to $834,000

Tel: 1 800 769 5757 www.dtznanaimo.com

Gerry Van Vaals Personal Real Estate Corporation DTZ Barnicke Nanaimo Ltd. [email protected]

For Sale 2.05 Acre Prime Development Site - North Nanaimo $2,595,000 On Old Island Highway adjacent to Long Lake.

Light Industrial Land and Buildings - Chemainus $1,995,000 3.83 acres with 5 buildings on site. Light Industrial Zoned Land - Nanaimo $1,750,000 9.6 acres with high exposure to the Island Highway.

253 Acre Development Property - Sproat Lake Area $1,700,000

Commercial Building - Duncan $1,325,000 13,300 sq ft building with large parking lot on Island Highway. Commercial Land and Building - Downtown Parksville $1,495,000 0.85 acre with 3,870 sq ft building on Island Highway.

New Light Industrial Building - Comox $ 855,000 5,200 sq ft on Shamrock Place.

Strata Commercial Unit - Central Nanaimo $ 849,000 4,417 sq ft office with 12 offices, boardroom, reception and lunchroom.

Partially Constructed Commercial Development - Nanaimo $ 775,000 Ample parking and high exposure, zoned COR-2.

Industrial Zoned Land and Buildings - South Nanaimo $ 720,000 1.29 acres with 2 buildings on site. Commercial Re-Development Property - Downtown Nanaimo $ 595,000 2 legal lots on Victoria Crescent with 4,900 sq ft building.

3.46 Acre Light Industrial Property - South Nanaimo $ 549,000

1.2 Acre Residential Development Site - South Nanaimo $ 475,000

Residential Development Property - Nanaimo $ 319,000 4.88 acre property near the Nanaimo Parkway.

Commercial Land and Building Zoned I1 - Nanaimo $ 319,000 7,560 sq ft lot with 1,350 sq ft building plus room for expansion.

Commercial Property Zoned COR-3 - Nanaimo $ 299,000 2 lots on Kerrisdale Road totaling 19,600 sq ft.

Commercial Property Zoned COR-3 - Nanaimo $ 224,000 9,800 sq ft lot with 1,037 sq ft office off Bowen Road.

Hangar Building and Office - Campbell River Regional Airport $ 199,000

Light Industrial Strata Unit - Central Nanaimo Call for Details Large warehouse with appointed office space.

NANAIMO & VANCOUVER ISLAND DEVELOPMENT & INVESTMENT OPPORTUNITIES

$ 699,000Asking $699,000Asking

NANAIMO -BEBAN PARK AREA Quiet No-Thru Road near Bowen Road (on Bus Route). R6 Zoning Allows 20 4-Plex Units. Preliminary Layout & Plans Complete. Not Much Work Left to Obtain Dev. Permit. Well Below Assessed Value. Asking $699,000.

Call DAN GRONDIN

VANCOUVER INDUSTRIALVery close to the City - older building of 5808 sq. ft. occupies entire lot. Grade level door, 2 separate offices plus wide open space (except for roof pillars). Owner is currently undertaking environmental one study. Call ROBERT BORDEN

Each Office Is Independently Owned And Operated

COMMERC I A L

Call 250.760.1066NANAIMO - COLLEGE AREA

Development site in the thriving University area. This upscale development of 10 r e s i d e n t i a l l o t s a n d 2 6 l u x u r i o u s townhomes has all the necessary plans, reports & approvals in place. Development permit for construction can commence within a short period of time. Excellent opportunity for small builder!

Call DARWIN MAHLUM for details.

DOWNTOWN CHEMAINUSFOR SALE OR LEASE

RARE Opportunity! Land and building located in the heart of Chemainus (the Central Island�s premier tourist destination).

Call ROBERT BORDEN orSHARON JENSEN for details.

NANAIMO - CENTRAL AREAExcellent redevelopment Property with holding income from existing Hotel. Great location for a strata of�ce complex where current demand exceeds supply. Located right on Highway 19A with excellent rear entrance and only a few blocks from the Regional General Hospital.


WOODGROVE AREAComing Soon!One of the BEST

Multi | Care Facility sites in the north of Nanaimo. Over

9 acres cleared with a gravel loamy base. Close to

many amenities makes this a perfect multi use seniors� village.


ROB BORDEN

ROB BORDEN or

ROB BORDEN

NANAIMO BUSINESSESIt’s time to own your own Property.

3,000 sq. ft. New, Excellent Location, Great Visibility and Access.

Call ROB BORDEN for details.

NEW ROOF

703 FLOATPLANE OPERATIONLocated on the British Columbia coast, this fl oatplane operation is an established, profi table and well-situated business with an excellent asset base. Domestic and International Licenses, share sale. $1,350,000

AQUACULTURE OPPORTUNITIES20+ acres beach & deep water lease + upland, West Redonda Island. $449,000 4.79 acre water lot lease & .7 acre beach lease, Cortes Island. $80,000 11.6 acre deep water lease, Cortes Island. $60,000

NUTKA LANDING, NOOTKA SOUNDA unique opportunity to create a marine resort in a world-class fi shing area. 5-acre water lot lease with a 30-year term and accompanying licenses to construct and operate a commercial resort development. $595,000

WINTER HARBOUR MARINA & RVThis Vancouver Island West Coast marina has it all! 2 oceanfront properties, 20RV sites, large foreshore lease, substantial standing pier and dock, protected moorage, guest lodgings and 2bedroom cabin. $549,000

Ed: 250-287-0011 • Shelley: 250-830-4435 Toll Free: [email protected] & [email protected]

Specializing in Unique Coastal Real Estate in British Columbia& SHELLEY MCKAY

www.bcoceanfront.com

ED HANDJA PERSONAL REAL ESTATE CORP.

Your BC Oceanfront Team

703 FLOATPLANE OPERATION

AQUACULTURE OPPORTUNITIES

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Vancouver Island

DONE DEALS

Done Deals is our monthly feature highlighting some of the major real estate transactions complet-

ed recently in Western Canada’s vibrant commercial real estate market.

From: NAI Commercial, Vancouver. NAI broker Peter Seed sold the following:Deal: Eight-building, 372-suite apartment portfolio in Prince George, Quesnel and Williams Lake, sold to a real estate invest-ment trust. Seed then re-sold 216 of the units to a private group. Combined sale of 588 units. Total price: $25.5 million.

From: Second City Partners, Vancouver. Second City announces the following:Deal: Purchase of office buildings in Florida, Colorado and Arizona and Class A condo building in Brooklyn, New York. Total price: $102.5 million.

From: Colliers International, Fort

McMurray. Colliers agent Ken Shebib reports the following Fort McMurray trans-actions:Deal: 4,813-square-foot industrial property, sold to Dynacam Properties. Price: $2.95 million.Deal: 5,319-square-foot industrial property, sold to Metalcare Inspection Services. Price: $2.61 million.Deal: 4,080-square-foot industrial build-ing, sold to an unnamed buyer. Price: $2.04 million.Deal: 6,000-square-foot industrial build-ing, sold to an unnamed buyer. Price $3 million.

From: Allied Properties Real Estate Investment Trust, Toronto. Allied REIT reports the following acquisitions:Deal: 39,440-square-foot Demcor office building and 33,874-square foot Chamber of Commerce building, both historic build-ings, in Calgary. Price: $27.3 million.

From: NAI Commercial, Vancouver. NAI agent Rick Lui sold the following:Deal: 5.05-acre development site rezoned for 585-unit multi-family site, Richmond. Sold to a joint venture of Intracorp and MYIE Homes. Price: $36 million.

Recently completed a major commercial real estate deal in Western Canada? Send details for a free report here to: [email protected].

Our readers report on recent commercial real estate deals across Western Canada

89-unit apartment tower, Prince George, sold with 11-building portfolio valued at $25.5 million.

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73,000-square-foot Chamber of Commerce building in Calgary sold as part of two-building, $27.3 million deal.

5.05-acre multi-family site in Richmond sold for $36 million.

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November 2012 – Western InvestorA done deals / frank / 8 blocks

Photo done deals mf portfolioCUTLINE = 89-unit apartment tower, Prince George, sold with 11-building portfolio valued at $25.5 million.Photo: NAI Commercial

Photo: done deals Calgary CCCUTLINE = 73,000-square-foot Chamber of Commerce Building in Calgary sold as part of two-building, $27.3 million deal.Photo: Allied Properties REIT

Photo: done deal NAI landCUTLINE = 5.05-acre multi-family site in Richmond sold for $36 million. Photo: NAI Commercial

Head = Done Deals

Lead – Our readers report on recent commercial real estate sales across Western Canada

Done Deals is our monthly feature highlighting some of the major real estate transactions completed recently in Western Canada’s vibrant commercial real estate market.

From: NAI Commercial, Vancouver. NAI broker Peter Seed sold the following.Deal: Eight-building, 372-suite apartment portfolio in Prince George, Quesnel and Williams Lake, sold to a real estate investment trust. Seed then sold a further three buildings, with 216 units to a private investment group. Total price: $25.5 million.

From: Second City Partners, Vancouver, Second City announces the following acquisitions:Deal: Purchase of 242,000 office building, Florida; 594,000 square-foot office complex, Colorado; 55,000-square-foot medical building, Arizona; 170,000-square foot Class B office tower, Florida; and Class A condo building, New York. A 320-acre site in Florida is under contract. Total price: $102,500,000.

From Allied Properties Real Estate Investment Trust, Toronto. Allied REIT reports the following acquisitions:Deal:39,440-square-foot Demcor office building and 33,874-square foot Chamber of Commerce Building, both historic build-ings in Calgary. Price: $27.3 million.

From NAI Commercial, Vancouver. NAI agent Rick Lui sold the following:Deal: 5.05-acre development site, rezoned from industrial to 585-unit multi-family site, Richmond. Sold to a joint venture of Intracorp and MYIE Homes. Price: $36 million

Recently completed a major commercial real estate deal?Send particulars for a free report here to [email protected]

Ian LIndsay & assocIates1-888-243-1071 • [email protected]

FIrst reaLty - ParksvILLe www.ianlindsay.ca

Vancouver IslandQualicum Beach Area

Wat e r f r on tBeach House, two suites, walk on beach-front. Commercially zoned, steady cash flow. 2173 sq ft, 4 Bdrm, walk on water-front home located in excellent fly fishing area. Great for group or family purchase. Boat access, Large storage building, pri-vate! Other waterfront homes available.

of Nanaimo

vaNcouver islaNd commercial

FRANK JOHNSON JAY COUSINS JAY COUSINS JAY COUSINS

www.nanaimoremaxcommercial.com

1-877-335-4380Jay Cousins

[email protected] Johnson

[email protected]

1-877-423-0984Jay cousins realty

FOR SALE• CENTRAL NANAIMO – Almost 2 acres of land fronting on the

Millstone River, next to the Pryde Vista golf course, and a new high quality subdivision on a no thru street. Zoning allows for a single family unit with a suite/carriage house. Fully serviced. $200,000

• MULTIFAMILY DEVELOPMENT SITE - approved for 16 one bedroom units. No Development Cost Charges, close to downtown Nanaimo with some ocean views. Development permit in place, vendor financing available or joint venture possibilities. $299,900

• DEVELOPMENT SITE – Court Ordered Sale. 2.8 acre estate, currently zoned R1, single Family Residential. Located in the Rock City area of Departure Bay. 4 bedroom, 3 bath, 2460 square foot home with a large deck that faces south. Ideal for small lot single family subdivision. $659,000

• DEVELOPMENT SITE – 4.19 acres, zoned R10, located in the Cottle Creek area of Hammond Bay. This site previously had a development permit for 14 single family strata units (including one duplex site). It has been partially serviced, and all city services are at the property line. Ocean views from most of the site. Located in an area of prestigious homes, backing onto a city park. Within walking distance to trails in the popular Linley Valley. $1,600,000

INVESTMENT OPPORTUNITIES• COMMERCIAL PROPERTY OPPORTUNITY – PORT

ALBERNI – 4,080 sq. ft. building with 2 separate units. Good Visual Exposure, Multi-purpose zoning (CMX2) for retail or office use. New metal roof, new paint & some updates $189,000

• TWO COMMERCIAL STRATA UNITS Nanaimo’s north end – 2,525 total Sq. Ft. in Long Lake Business Park. Blow out price at just of $200 per Sq. Ft. Main level (no stairs) & complex has high visibility on Old Island Highway. Motivated seller says get them gone! REDUCED $499,000

• 5 ACRES INDUSTRIAL ZONED PROPERTY South of Nanaimo, 4,800 Sq. Ft. Steel clad building incl. approx. 400 sq. ft. office. Close to Island Highway, Telus tower on property generates revenue by way of a 30 year lease. Drilled well & septic field yet to be finished $699,000

• TOFINO COMMERCIAL/RESIDENTIAL BUILDING Located in downtown core with harbour & ocean views. 2 Commercial units on main with long term leases & 3 residential suites above with month-to-month tenancies. 10 parking stalls on site $1,299,000

• PARTLY DEVELOPED PROPERTY LADYSMITH with Plans for single family lots, 4-plex lots & section of land currently zoned for townhomes. A lot of work has been done & some infrastructure is already in place. Potential of up to 29 doors $1,600,000

• RARE OCEANFRONT DEVELOPMENT OPPORTUNITY Mid-Vancouver Island. Currently used as an RV Park this walk-on beachfront property has 4 legal parcels, full service RV sites, Tenting/Camping sites, rental cabin, residence etc. Current zon-ing permits RV use as well as resort condominium development, hotel, etc. Initial research suggest a re-zone could allow up to a 30 unit single family development. Upper bench of the property has dramatic views. 100% share sale. $2,995,000

INVESTMENT OPPORTUNITIES• 4-PLEX MULTI-FAMILY PROPERTY IN PARKSVILLE Desirable

C3 zoning could allow higher commercial or mixed future uses. Quality tenants in place, exceptional street presence ocean views from upper suites REDUCED $549,000

• OLD CITY NANAIMO COMMERCIAL WAREHOUSE/OFFICE COMPLEX 11,497 sq. ft. main level plus 6,600 Sq. Ft. mezzanine, dock & grade level doors, paved & fenced yard, easy access, corner location. Zoning will allow multi-res, retail, restaurant, of-fice, but current configuration favours warehouse & related uses $899,000

• GABRIOLA ISLAND WATERFRONT LODGE Includes a turnkey pub/restaurant in a 1 ½ storey rustic log building. 10,000 Sq. Ft. of rooms & dining/eating area. Large deck takes in the gorgeous views. Over 4.9 acres of undeveloped land available for further expansion. Info available. $1,795,000

• LIGHT INDUSTRIAL ZONED COMPLEX – MID ISLAND Excellent revenue opportunity currently generating in excess

of $164,000 annually. Island Highway exposure, easy access, 6 buildings in total, all on 2.88 acres. Current rental rates with vacancies filled will show nearly 8% CAP rate. $1,895,000

BUSINESSES• Children’s Toy & Clothing Consignment Store – Ladysmith $44,900• Franchise Fitness Business South Nanaimo $49,900• Used books / consumer services retail – Nanaimo $59,900• Western Wear & Tack Store – Duncan $95,000 • Seasonal Wreath Business – Qualicum $99,000• Ricky’s All Day Grill – Ladysmith $199,000• Ricky’s All Day Grill – Courtenay $249,900• Panago Pizza Franchise Parksville $384,900

INVESTMENT OPPORTUNITIES • PROFESSIONAL STRATA BUILDING CENTRAL

NANAIMO – 975 Sq. Ft. with new A/C, 4 offices plus recep-tion & kitchen/staff area. Quality professional neighbours & available immediately. $149,000

• DOWNTOWN LADYSMITH LANDMARK INVESTMENT PROPERTY 6,000 Sq. Ft. over 2 levels, full renovations in 2005, new roof in 2011, income shows over 7% CAP rate at current occupancy. Quality tenants include upper end retail, MLA office, pilates studio. REDUCED $669,000

• MOBILE HOME PARK – PORT ALBERNI – 24 Pad Park plus single family home & a duplex. Well maintained, consistent cash flow generator, new appraisal supports asking price which shows approx. 7.5% CAP rate $1,100,000

• PORT ALBERNI MOTEL COMPLEX 14 Room Motel plus 6 Unit RV Park, 2 level Managers residence, units fully updated, outdoor pool, excellent visibility of highway route to West Coast beaches & resorts, consistent 11% CAP rate $1,195,000

• MOTEL, CAMPGROUND & RV RESORT IN QUALICUM BEACH 7.1 Acres of prime riverfront property includes 36 motel units, 50 RV camp sites, store, office, manager’s suite, 9 cot-tages, 2 swimming pools, waterslide, mini-golf & playground. Healthy profit picture and 11% CAP rage on asking price.. REDUCED $2,985,000

• RE-DEVELOPMENT OPPORTUNITY Existing Alzheimers/dementia care facility w/90 beds plus separate residential home available for conversion to congregate care or rezone to multi-res-idential etc. 44,255 Sq. Ft. building on 1.87 acres near Nanaimo hospital. Society owner will remain with one year lease at current market rents during planning/feasibility phase of redevelopment. $4,500,000

FOR LEASE OR SALE

• NORTH NANAIMO WAREHOUSE – Newer 12,106 sqft ware-house on a 1 acre paved and fenced yard area. Overhead and dock height loading. Nicely appointed office and showroom plus an additional 990 sqft of mezzanine area. Excellent North Nanaimo location. For lease @ $9.50 per sqft net. For Sale @ $2.2 million

A28 www.westerninvestor.com NOVEMBER 2012 WESTERN INVESTOR

RE/MAX TREELAND REALTY#101 6337 - 198 Street, Langley, B.C. V2Y 2E3Tel: (604) 533-3491Fax: (604) 533-0202

Toll Free at 1-888-707-3577

RE/MAX BOB PLOWRIGHT REALTY7300 Vedder Road, Suite 1, Chilliwack, B.C. V2R 4G6

Tel: (604) 858-7179Fax: (604) 858-7197

Toll Free at 1-800-830-7175

RE/MAX SABREREALTY GROUP

102-2748 Lougheed Hwy., Port Coquitlam, B.C.Tel: (604) 942-0606 Fax: (604) 942-9533

RE/MAX LITTLE OAK REALTY2630 Bourquin Crescent West,

Suite 9, Abbotsford, B.C. V2S 5N7Tel: (604) 859-2341Fax: (604) 850-2325

Toll Free at 1-800-668-8661COMMERCIAL

RAY YENKANA CCIM, ABR

[email protected]

www.rayyenkana.com (listing details)Follow me on Twitter @rayyenkana

RE/MAX LITTLE OAK REALTY

“THE RULE OF 72 IS A SIMPLE WAY TO KNOW THE LENGTH OF TIME IT TAKES FOR MONEY TO DOUBLE. IS IT TIME FOR A CHECK UP ON YOUR INVESTMENT?,

LETS CHAT, COFFEE ON ME.”• Fort St John, Investment opportunity.

Well kept up, light Industrial building in Prospect Park close to Highway. 5 bays, offices on main and above with lunch room. Fenced yard with storage sheds. $1.1 Million.

• 53 Room hotel in Prince George. $4 Million.

• 4000 sq ft Light Industrial newer (2007) bui lding in Dawson Creek, BC.

• Log building Hope BC with res-taurant, rental income and more. Ca l l f o r de t a i l s $775,000 .

DEVELOPMENT SITES Coquitlam near Burquitlam Skytrain Station! .91

Acre 820 metres from station. Holding Income from active business. Exclusive Listing.

DAVID KEARNEY [email protected] Toll Free: 1-888-942-0606RE/MAX SABRE REALTY

COMMERCIAL BUYER/TENANT REPRESENTATION

RETAIL STORES FOR SALE942 Westwood Street. Coquitlam. Free standing Retail with residential above . Net Lea sed Investment at 5% Cap Rate! 3100 sf. Store, 3br & 1br Apartments. $1,929,800 – CLS#V40324622570 Kingsway Ave. Por t Coquit lam – presently a restaurant. Property only for sale not the business) 748 Sq.Ft. $299,900.00 CLS#V40330452568 Kingsway Ave. Port Coquitlam – pr e sen t l y a convenience store Property only for sale not the business 821 Sq.Ft. $339,900.00 CLS#V4030247

Call or email David

Call or email David

Call or email David

CALL GARTH OLSON [email protected] wwwgarth-olson.com

INDUSTRIAL FOR LEASE#64 – 1833 Coa st Mer id ian Road Por t Coquitlam. 1500 sf includes showroom, off ices and

warehouse. Perfect for electrician, plumber, mechanical contractor. $1700.00 / month! CLS# V4031960

CLAYTON INVESTMENT PROPERTY

Clayton OCP 2.548 Acres – non ALR “Suburban” Designation – City Water

No Creeks/Easements. Ex 3 bdrm Rancher & Horse Barn to Rent. $1,398,000

Call MERCIA MCKITRICK at 604-533-3491 [email protected]

RE/MAX TREELAND

RE/MAX TREELAND

60 ACRES of mixed, flat, rolling, treed land in Chilliwack. Close to Cultus and Harrison lakes, golf courses and 15 minutes from shopping. View of moun-tains and Fraser Valley with a waterfall view second to none(Elk Falls). Would be a great place to build your dream house or private retreat. $1,200,000 Call Garth Olson for info package 604-533-3491

60 ACRES OF MIXED, FLAT, ROLLING, TREED LAND IN CHILLIWACK.

Call or email David

Western Investor November 2012 Section A

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Transcript of Western Investor November 2012 Section A