Western Investor October 2011 Section B

7 KAMLOOPS: BACK TO ROOTSHard hats trump golf gear as city retools

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

17 TOP COTTAGE BUY ON ISLAND? Oceanfront developer raises ante but $249K may still be lowest price

31 $50,000 FREE FOR LANDLORDS Moose Jaw offers juicy incentives as city rental vacancies flirt with zero

Phoo

: Ju

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Process engineer Florian Simon at Moly-Cop, Kamloops. Veteran mining supplier plans expansion

PUBLICATIONS MAIL AGREEMENT 40069240

RETURN UNDELIVERABLE CANADIAN ADDRESSES TO CIRCULATION DEPARTMENT:

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

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

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

FOR SALE- 2 Acre Multi Residential Site - Calgary Region - $1.7M

Shane OlinTel: (403) 708-9086

[email protected]

www.naicalgary.com

FOR SALE154 Bowness Centre NW

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


[email protected]

Gene SarmagaTel: (403) 826-5636

[email protected]

OWN YOUR OWN MOTELExcellent Opportunity to Manage your way to Ownership. This is a serious opportunity located in the Kootenays, BC. Newer motel of 48 rooms with potential for expansion. Popular brand (flag), Pool and pool amenities.**Price is under $5 million and...

**OWNER WILL FINANCE**

LIVE AND WORK IN YOUR OWN BUSINESSFOR THE PRICE OF A DECENT CALGARY HOUSE!

$550,000 - $750,000 can get you into the motel business. Small Town Southern Alberta. Live and work on premises with a great income. These are very nice properties!

Contact: Jim BalfourTel: (403) 291-8860

[email protected]

Contact: Tim AndersonTel: (403) 291-8866

[email protected][email protected]

LAND FOR SALE• Located in an established commercial area, 6 km west

of Calgary• Ideal for owner/user• 2.53 acres of development land; last parcel in Cell Subdivision B• Excellent access to trans Canada Highway


[email protected]

Jim CourtneyTel: (403) 291-8873

[email protected]

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

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

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

CONDITIONALLY SOLD4110 - 79 Street NW

Calgary, Alberta

•10,250 sf Office building

CONDITIONALLY SOLDBower Plaza

Red Deer, Alberta

• 50,000 sf Prime Retail Shopping Centre


[email protected]

CANMORE DEVELOPMENT

• 20 Unit townhouse project

• 50% complete, at "Lock Up" stage

• Asking $6,200,000

BOWER PLAZARED DEER, ALBERTA

WESTMOUNTOKOTOKS, ALBERTA

4337 MACLEOD TRAIL SCALGARY, ALBERTA


[email protected]

PRIME RETAIL SPACEFOR LEASE

800 - 10,000 sq. ft.

R E C R E A T I O N A L R E A L E S T A T ER E CR E CE C R E AR E AR E A T I OT I OI N A LN A LN A L R ER ER E A LA LA L E S TE S TE S T A T EA T EA T EHOT PROPERTIESSPECIAL SECTION • B17

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

Colliers InternationalCentre GroupCommercial RealtyKelowna, B.C.250.763.2300

www.colliers.com/kelowna

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

List Price: $769,000MEGHAN O'MARA DiplT of Real Estate

131 ELLIS STREET, PENTICTON996 LAVAL CRESCENT, KAMLOOPS

List Price: $1,895,000

MERRITT DEVELOPMENT

LARRY GOOD (Kamloops)

PRINCETON INDUSTRIAL ESTATES

MIKE GEDDES

AVALON MOTEL, OSOYOOS

$2,800,000ERIC WEBER (Personal Real Estate Corp)

List Price $ 3.6M for both assets

THEATRE PORTFOLIO (PENTICTON / KELOWNA)


264 LOUGHEED ROAD, KELOWNA


INVESTMENT PROPERTY, MERRITT


MULTI TENANT INDUSTRIAL PENTICTON


OFFICE BUILDING, PENTICTON

List Price: $725,000

MULTI TENANT INDUSTRIAL PENTICTON

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

REVELSTOKE RESORT

$3,495,000

HIGHWAY 16

$1,500,000

COMMERCIAL LAND

$4,950,000

$2,990,000

A steal at $399,000!

BOWRON LAKES

$2,200,000

HOT SPRINGS WATER!

$1,495,000

EAST KOOTENAYS

FERNIE, B.C.

$1,200,000

RADIUM HOT SPRINGS

$379,000

SUN PEAKS

LOON LAKE

$1,995,000

NEW HAZELTON, B.C.

$395,000

MINING CLAIMS

$300,000

$895,000

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

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

Syd Berisoff Agent/Broker

[email protected]

Larry Berisoff Associate Broker

[email protected]

Wes McInnes Sales Associate

[email protected]

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

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

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

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

Syd Berisoff Agent/Broker

[email protected]

Larry BerisoffAssociate Broker

[email protected]

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

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

DOWNTOWN KELOWNA Commercial Strata’s Available These properties are located one block away from city hall and two from the law courts. Prominent uses in the direct area are professionals such as lawyers and accountants. The units are in a shell state and can be built to suit to YOUR needs. Welcome to your new downtown office space! Available For Sale: $251,550 - $668,264 MLS®

SUPPORT YOUR BUSINESS that requires an open retail bay, boardroom, offices and bonus mezzanine. Footprint 3,324 sq. ft. and 1,415 sq. ft. mezzanine. Prominent location on busy Leckie Rd. Asking: $4,000 to $4,155 per month + Cam, Taxes + HST MLS®

HIGH END RETAIL CLOTHING OUTLET available in a location that cannot be beat. They have the distribution rights to the majority of the brands they carry. Has been in operation since 2007. Fantastic/brand website at www.passeportclothing.ca. Database of over 3,000 clients. Client demographics range anywhere from 16 - 80 years of age. Current owners are willing to train the potential buyer. Asking: $249,900 MLS®

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

GREAT LOCATION IN THE PANDOSY CORRIDOR - TO BE BUILT ! Priced individually - New Strata Commercial/Residential Mix building. Commercial bays on 1st & 2nd floors. Unit 1 (main floor) - priced at $557,420 for 1,378 sq.ft. Unit 2 (2nd floor) $1,216,490 for 3,307 sq ft. 3rd floor Penthouse - residential priced at $834,640 1,834 sq ft & $711,450 1,581 sq ft each. Design changes may alter floor plate. All measurements to be verified by survey. The building can be purchased for $3,300,000 net usable 8,100 sq. ft. Call Ken or Kris for details.

FOR SALE - CONCRETE TILT-UP INDUSTRIAL STRATA BUILDING Finished total of approximately 2,353 square feet with 1,891 square feet on the main floor, plus 462 square feet mezzanine level containing three offices. Main floor also includes finished office, boardroom, front and rear OH doors. The current I2 zoning allows multiple uses. Available for Sale or Lease offering 4 parking stalls. Asking: $2,062.00 per month + Utilities + HST, or For Sale: $399,900 + HST MLS®

LAKE COUNTRY COMMERCIAL & RESIDENTIAL MIXED DEVELOPMENT LAND

Hotel, Commercial, and Residential LandsFASHIONABLE DOWNTOWN CORE

A +/- 0.92 Acres for $1,000,000 + HST

B +/- 2.93 Acres for $4,399,000 + HST Pending

C +/- 2.66 Acres for $2,999,000 + HST

(Plus DLC – Latecomer Charges)

SERVICED & READY TO BUILDALL 6.5 ACRES FOR $6,999,999 + HST

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

2–14

15–28

29–34

34-35

HOT PROPERTIESFEATURES7

Back to mining roots as golf development takes a hit

14 Taxpayers misled on need, costs and payback

17 Oceanfront cabins below $250K on wild west coast

31 $50,000 for landlords, $10,000 for homebuyers

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

COLUMNS29 33 35

On the coverProcess engineer Florian Simon of Moly-Cop checks red-hot grinder balls destined for local mining sites.Photo: Keith Anderson/Kamloops Daily News


KELOWNA & OKANAGAN ACREAGES

w w w . d a v i d j u r o m e . c o mDAVID JUROME 250-862-1888

287 ACRES - Vernon, BC near Predator Ridge Golf Resort. Panoramic lake & valley views! Very private with rolling hills & fl at benches. Seller will consider trades or carry fi nancing. Perfect spot to build estate home. ...........................Asking $4,900,000 MLS® 10019393

160 ACRES - Located between Vernon & Kelowna. Panoramic lake views! Property has Oyama Shale Rock Quarry for pink granite rock. Seller will consider trades & or carry fi nancing. ...$1,450,000 MLS® 10024181

15.8 ACRES - Lake Country spectacular lake view property in quiet country setting. Perfect spot to build your dream home! Just a short walk to Okanagan Lake beach and waterfront park, tennis court. .......................Asking $699,000 MLS® 10027808

49.31 ACRES - Twith Panoramic Valley, City & Lake views! Gentle slope with SW exposure & would be ideal for an Estate Winery. Currently planted to apple & cherry crops. Home is 5 bedrooms, 3.5 baths & approx. 3,500 sqft. ........Asking $5,700,000 MLS® 10028787

9.8 ACRES - Kelowna, super private, spectacular valley views! Quad Lock Concrete 4,176 sq ft home with 2 car garage + detached 28 x 42 ft workshop + second 2 bedroom home. ...........$1,190,000 MLS® 10026652

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

604-669-8500 1-800-661-6988

[email protected]

Do you have a

Advertise your listings in our

special feature.

Recreational Real EstateADVERTISING FEATURE:• Limited spaces• 4-colour ads• Special rates

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

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

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

21.8 ACRES – PRIME HOLDING PROPERTY

New Asking Price $1,995,000

LAND – OSOYOOS – $400,000 PRICE REDUCTION!

FORECLOSURE SALEINDUSTRIAL BUILDING – SUMMERLAND

B

Asking Price $1,650,000

NEW LISTING – CHRISTINA LAKE RV PARK-CAMPGROUND

Asking Price $799,000

NORTH OKANAGAN SELF STORAGE


JUST LISTED - FORECLOSURE SALE - FORMER GOLF COURSE

FIRST TIME ON THE MARKET IN OVER 20 YEARS!


Prime WaterfrontSouth Okanagan

7 ACRES LAKEFRONTFull municipal services

Adjacent to a golf course with 450 condo units and a hotel currently

under development $280,000 annual income

Hold for investment or develop to your plans on your schedule

$ 4,350,000

E-Mail: [email protected]

Fairmont Plaza located in the commercial heart of Fairmont with excellent exposure on the main road to Fairmont Hot Springs Resort. 7200 sq. feet building – 3 strata titles and Manager Suite on 0.91 acre property. Will sell as complete unit or strata’s separately.

$1,500,000

FAIRMONT HOT SPRINGS, BCHIGH EXPOSURE COMMERCIAL PLAZA FOR SALE

Contact: Paul Tardif 250-345-6506 250-342-1571

Development OpportunityC H R I S T I N A L A K E , B . C .

32 Acres with 1/2 Acre Zoning

43+ Lot Subdivision Potential

BC’s Popular Southern Okanagan

Matthew Oldroyd & Nicholas BardonMacdonald Realty Ltd.

[email protected]

1-800-388-5882

Flexible & Motivated Sellers Price Reduced! $1,250,000

$999,000

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com Interior British Columbia B5

5 title 768 acre fully fenced cattle ranch. 150 acres irrigated, 250 acres pasture,

balance in late summer pasture. +/-3000 acres of attached range lease.

10 yr old ranch house, 1400 sq ft cabinet shop, 24’x 40’ mechanics shop, bunk

house, 2880 sq ft machine shed, 3 yr old 72’ x 80’ hay barn, large log hay & cattle handling barn. Premium farm equipment

is also negotiable. Currently set up to raise 250 – 300 head. Excellent value!

Asking $ 1,280,000

SOUTH QUESNEL CATTLE RANCH

Roy Mufford 604-533-3491RE/MAX Treeland Realty

COLDWELL BANKER COMMERCIAL WORLDWIDE

1ST TRAIL REAL ESTATE LTD.

(250) 231-5222 (CELL)

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

LARGE CONSTRUCTION PROJECTS UNDERWAY IN OUR AREA

LIQUOR STORE & RESTAURANT & PUB

16 NEWLY FINISHED ROOMSEXTENSIVE FIRE UPDATE,

NEW SPRINKLERS SYSTEM

VENDOR MAY FINANCE $1,490,000

C-STORE, GAS BAR, LIQUOR STORE, POST OFFICE

Reduced to $749,000

18,000 SQ. FT. DISTRIBUTION OR

MANUFACTURING CENTRE NICELY LOCATED WITH ADEQUATE PARKING AND FENCED STORAGE

AREA $750,000

FORMER SCHOOL

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

Call Brian Yeo 250-231-0676

30 UNIT APARTMENT GREAT LOCATION

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

SENIORS, ALWAYS FULL

$1,650,000

HOTEL, LIQUOR STORE, RESTAURANT $549,000

COURT ORDER SALE

BLOCK MOTELNINE UNIT & MOBILE HOME

REDUCED TO $695,000

DEVELOPMENT PROPERTY $649,000

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

CHRISTINA LAKE $489,000

Call Jack Giles 250-512-9997

EUROPEAN BAKERY

HIGH VOLUME OWNER RETIRING,

WILL STAY ON AND TRAIN$300,000

100 ACRES

LARGE INDUSTRIAL SITEMAJOR POWER LINE

MAJOR GAS LINE POTENTIAL COGEN SITE

$750,000

PROPOSED

24 LOT DUPLEX SUBDIVISION 4TH

STAGE OF EXISTING SENIOR HOUSING DEV.

$888,8884000 Sq. Ft. plus 2500 Sq. Ft. building now leased. $4,000 per month triple net.

MILANO PIZZA & CHICKEN TAKE OUT $169,000

Excellent Volume. Vendors will train.

INTERNATIONAL SCHOOLOVER 50,000 SQ. FT. PROPERTY

Price Reduction

DEVELOPMENTAL LAND AND

GOLF COURSE FOR SALEIN THE BEAUTIFUL

BC INTERIOR

162 Acres 9-Hole Golf Course

Club House Residence Trades Considered

BEST-WEST REALTY LTD.250.554.4511

Dwight Vos250.371.7992

Tracy Mackenzie250.318.2938

DWIGHT VOSphone: (250) 554-4511

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

email: [email protected]

BUSINESS AND INVESTMENT OPPORTUNITIES

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

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

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

– 2 Tenants – 8.5% Cap $450,000

– 3 Tenants - Well Established

– Future Highrise expansion

– Hwy Frontage – Secure Yard

COMMERCIAL BUILDINGS

PENTICTONLUXURY MOUNTAIN TOP HOME ON 2 ACRES

BEAUTIFUL VIEWS OF SKAHA AND OKANAGAN LAKE

$1,999,000

PENTICTONLAKEFRONT PENTHOUSE WITH MOUNTAIN VIEWS

AVAILABLE IMMEDIATELY

1 BDRM + DENNEW PRICE $479,000

OSOYOOS10 INCOME PRODUCING

LAKEFRONT RV LOTS

$1,250,000 + HST

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

604-592-7250Financing Available. Potential Trades.

FOR SALE

PENTICTONLAKEFRONT PENTHOUSE AMAZING VIEWS OF OKANAGAN LAKE & AVAILABLE IMMEDIATELY

2 BDRM + DENNEW PRICE $1,499,000

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

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

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

Managing Broker, Vernon

250 503-8033

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

LOUGHEED

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

Oyama Lake Fishing Resort

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

JODI


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

BE A THINKER. BE A CREATOR. ENJOY IT.

THE WAY RADHE WORKS:

RADHE GUPTAPresident and CEO, Rohit Group of Companies

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com B7

COVER After a fling with pretty golf courses and ski resorts, Kamloops moves back to its mining roots

Please see Golf page B8

WI STAFF/CAM FORTEMS

WESTERN INVESTOR

hen the 1,000-acre, high-end Tobiano golf and resort development was forced into

receivership this year, it cooled local excite-ment of what was once seen as the future of Kamloops. This summer, when fancy hotel condos at the Sun Peaks golf resort began selling for 10 per cent of what they went for a few years ago, the signal become unmistak-able: it may be time the blue-colllar town put its workboots back on.

“It’s finding a balance,” said Dan Sultz,manager of Venture Kamloops, which works hard at luring business and residents to B.C.’s fourth-largest city, “Mining and development are positive for business, but at what cost?”

Sultz, an Ironman athlete who likes to run and bike in the rolling hills that surround the city, was referring to a debate that has split the town and may define Kamloops for years to come.

Kamloops is a historic mining town, first settled in the wake of the Cariboo Gold Rush in the 1860s and incorporated as a city in 1893. In the last century, discoveries of gold and copper allowed Kamloops to prosper. Today the Highland Copper Mine, close by at Logan Lake, is still producing and the under-ground New Afton mine – being developed on the site of Teck Corp.’s old Afton Mine site – will be in production next year, with 350 workers and 650 contractors on site. According to the Mining Association of BC, Kamloops is a near-ideal mining centre because of its central location to all major centres in the province. Kamloops is at the intersection of B.C.’s four major highways, the Coquihalla (Highway 5), Trans-Canada (Highway 1), Yellowhead (Highway 5) and

Highway 97. Over 25 trucking and trans-port companies are located in the city. Both Canadian National Railway and CanadianPacific Railway intersect in Kamloops.

In the last decade, however, as prices for min-erals fell and mining activity waned, Kamloops began to define itself as a recreational destina-tion. The Sun Peaks ski resort and golf course, the Tobiano golf course and the Sun Rivers golf resort – all with residences – put Kamloops on the vacation map, attracting buyers from as far away as Alberta, the U.S. and the United Kingdom.

Mining seemed, well, so yesterday.

The current debate now focuses on the pro-posed Ajax Mine, a controversial mining proj-ect on the city limits. In the latest in a series of public and civic meetings on the mine, officials from Abacus Mining and Exploration, which is owned by Polish company KGHM, recently gave council and residents a presentation on the proposed Ajax mining project.

The mine, which would be located a cou-ple of kilometres south of the city limits in Aberdeen, stretches west to the Coquihalla Highway and is part of the old Afton Mine site. The mine is not that large: it could produce an

estimated 1.5 million pounds of copper and 1.3 million ounces of gold over a projected 25-yearlifespan. This compares with the New Afton Mine, already under development about 10 kilometres from central Kamloops, which will produce 75 million pounds of copper.

Ajax would also generate an estimated 1,000jobs during construction and up to 400 high-paying mining jobs.

“There is a big difference [to the economy]between miners making six-figure incomes and$15-per-hour tourism jobs,” Sultz said.

Still, there are many in town, including the Kamloops Area Preservation Association(KAPA) – which has mounted a “stopajax”web page – who oppose the mine. “We are con-cerned that about 90,000 people will be exposedto the toxic dust which will inevitably blow overthe city,” the KAPA web page thunders. Otherresidents expressed concern about damage to local Jacko Lake and potential mine runoff intoKamloops Lake.

Mark Whittaker, project manager for Ajax, said the mine would work around Jacko Lake and respect the area.

“It was very clear to us that Jacko Lake wasthe centrepiece of the area,” he told council.

Phot

o: K

eith

And

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n/Ka

mlo

ops

Daily

New

s

TOP: Moly-Cop maintenance worker Jeff Sales with grinding balls ready for shipment to local mines. Celebrating 25 years in Kamloops, Moly-Cop represents the past – and potential future – of the region’s economy. RIGHT: Tobiano golf course remains open, but its developer has been forced into receivership after real estate sales stalled.

Phot

o: P

ageb

rook

Inv

estm

ents

www.TalasaLiving.com

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

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

TALASA V I L LAGE CENTREKam loops , BC

www.mcmrealestate.ca

SUN RIVERS

1211 SUMMIT DR IVEKam loops , BC

LEASING OPPORTUNITIESExcellent central location in newly developed

Summit Centre. Ample parking for customers. Main fl oor 4,700 sq.ft. Upper fl oor 5,600 sq.ft.

Premises can be divided. Opportunities for medical & business professionals,

pharmacy, retail & fi tness centre.

PRE-LEASING & SALES OPPORTUNITIESImagine your business with a captive audience

in a premium resort-style community, located in Sun Rivers Golf Community. Opportunities for hospitality,

retail & professional use. Secure a location today as there are only a limited number of commercial

units available!

AttractiveLeasing

Incentives

Over 50% Sold

and/orLeased

CONCEPTUAL DRAWING ONLY


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

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

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

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

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

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

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

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

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

Fax: [email protected]

5603 27 St., Vernon, BC V1T 8Z5

PRISCILLA & CO.Re/Max Vernon

VERNON & AREATRADES CONSIDERED ON SELECT PROPERTIES

AT T E N T I O NALL

DEVELOPERS!6 multi family zoned (R3-B) lots for sale in beautiful Fernie B.C. Lots total just over 2 acres in size and are located in Fernie’s premier subdivision “Alpine Trails”

Lots are fully serviced and allow for 3 attached dwellings per lot.

Asking price is $899,900 for all 6 lots. Less than $150,000 per lot, well below current market value!

Contact

JASON ANDREOLA for more information

Cell

250-423-1645Toll-free

1-877-423-1649Offi ce

250-423-4644

Royal LePage East Kootenay Realty

from B7The company said it has no plans to change the access to the popular fish-bearing lake to the public.

A spokesman for KGHM Ajax said, “There is nothing going on at the site now, we just have one geologist up there,” adding that at least three more public hearings are on the docket.

What the mine and the town are waiting for is the result of provincial and federal environmen-tal studies, which could ultimately decide if the mine goes ahead. KGHM does not expect a final environmental ruling until the end of next year.

Mayor Peter Milobar noted approval of the mine ultimately rests with the senior govern-ments.

For some Kamloops businesses, the mine approval is necessary and welcomed. An example is longtime mine supplier Moly-Cop, which is celebrating 25 years in business. Founder Maurice Hindle, an engineer who came to Kamloops from Stelco in Edmonton to help start the operation, said the global com-modity boom is running Moly-Cop up against its limited capacity. Moly-Cop manufactures forged steel heat-treated grinding balls, ranging in diameter from one inch to 5.5 inches, used in milling ore.

“We’ve been at or near capacity for the past couple years. We almost expanded back in 2008, but held up, fortunately,” Hindle said.

Two years after the world plunged into

the recession, metals prices have rebounded and remained strong. That’s kept operations, including Highland Valley Copper – and Moly-Cop – running and profitable.

Now owned by Australian firm OneSteel Ltd., Moly-Cop is again talking about its plans for expansion.

In the late 1980s, Hindle decided Kamloops was a natural location for the plant due to the number of neighbouring mines, including the Afton and Brenda mines. “Twenty-five years ago Kamloops was a centre of mining.”

Hindle said Moly-Cop has been maximiz-ing its output to about 100,000 metric tonnes a year. It is now working on engineering and lay-out plans to increase that tonnage to between 162,000 and 200,000 tonnes a year. To do so it will have to lease or purchase adjoining land.

While Kamloops shed its boom-and-bust reputation beginning in the 1990s, mining is unlikely to ever escape the cycle. Despite that, Hindle noted Moly-Cop has never laid off staff. “We’ve kept people employed from Day 1. It’s given us an experienced workforce,” he said.

Still, the Axton and New Afton mines, like all others, are subject to commodity prices, and there are signs copper demand and prices may falter. As of press time, the London Metal Exchange reported that contracts for three-month delivery of copper had fallen 5.7 per cent in August, the first drop in three months.

Kamloops remains a popular recreation area, but overreaching by developers – who appar-

ently never counted on the loss of Alberta and U.S. buyers – has shaken the resort indus-try. The highest-profile casualty is the giant Tobiano golf resort.

This June, Bowra Group Inc. was appoint-ed receiver manager of the assets, undertakings and properties of Kamlands Holdings Ltd.,the Tobiano developer. Tobiano consists of a partially completed 1,000-acre resort develop-ment including an operational golf course.

Bowra “is actively looking for a buyer to purchase, in whole or in part, the Tobiano development.” The Bank of Montreal holdsthe $27 million debt. Among those named as owing are: Michael Grenier, Pagebrook Investments, Tobiana Golf Club and the Business Development Bank of Canada.

Creditors in control of Tobiano are in no panic to sell the entire operation because it is not bleeding red ink, the receiver in charge said. Bowra’s Doug Chivers said the golf course is profitable and “the utilities break even, essen-tially.”

The resort continues to market individual lot sales while it is in receivership. Land prices have dropped below those offered late in 2008, when the resort offered recession-level pricing. Current discounts on lots amount to between 30 per cent and 50 per cent.

Chivers said some developers have looked at the books but no offers have been made to pur-chase its assets, including the golf course and undeveloped land. The new developer is not bound to build a marina or equestrian centre, both part of Tobiano’s original plan. Developer

Mike Grenier, who owes millions himself and has lost ownership and control, blamed con-tinuing effects of the 2008 recession as wellas the inability to get government or private financing for the proposed marina.

Meanwhile, at the Sun Peaks Ski Resort, the third-largest in B.C., hotel condos that sold fouryears for around $200,000 are offered at deep discounts. One recently sold for $18,000: evi-dence that recreational investments can be as volatile as mining.◆

Population 87,000Average detached house price $330,000Major employers Government, mining, tourismNumber of golf courses 13Number of mines Two

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Reply to: [email protected]

WA N T E Dby a re turn ing Canadian

MOTEL IN BC

Any size - any areaConsiderable finance available

Patti Dunbar Associate Broker [email protected]

48 residential units and 9 commercial units in Penticton, 2 blocks from Okanagan Lake. Possibility exists for a larger land assembly. Great holding property or for development now, permit in place. MLS® 131887

Zoned For 11 Stories

Royal LePage Locations West

604-722-4588

Hot Listing BCs #1 Sub

Interior BC LocationSales exceed

$600,000 a year

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

INVEST IN QUESNEL, INVEST IN YOUR FUTURE

This unique income generating property on 2.82 acres in desirable area consisting of large split level home, in law suite and 6 side by side duplexes. Duplex units are all 3 bdrms with laundry. Main residence is spacious, immaculate with attached 2X garage, shop, greenhouse and more. Property currently grossing $9,775.00/mo. Ask about an info package today. $895,000

Terri Matula 250-991-2001 [email protected]/MAX Quesnel Realty

The HEIDI LUSSIReal Estate Team

PERFECT LAKESHORE ENTERTAINING!

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

GREAT INVESTMENT OPPORTUNITY!

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

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

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LIVE, WORK & PLAY IN THE BEAUTIFUL NORTH OKANAGAN

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

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

Court Ordered SalesInvestment PropertiesAcreages

Tim Down

"Professionalism You Can Trust"

Commercial land, building and busi-ness opportunity, plus bonus resi-dential suite currently rented. Additional storage area can be converted into second residential suite if desired. Street level store includes SEARS, DHL and Purolator outlets. Established bulk food store known as the Stocking Up Shop. Busy store frontage. Established clientele. Turnkey.

RE/MAX Shuswap 1111 Lakeshore Dr SW Salmon Arm BC V1E 1E4 1-888-676-2435

RACHEL PASEMKO REALTOR/ASSOCIATE BROKER

www.rachelpasemko.net [email protected]

ENDERBY, BC

Business & building. 5828 sq ft

on 2 floors. Apostoles Restaurante.

Complete engineered renovation.

Kitchen, dining area, lounge and modern

owner’s accommodation above + a 2

bdrm & 1 bdrm self contained rentals

BOB TEGART 2 5 0 - 2 7 2 - 4 3 2 1 [email protected] RE/MAX of Golden

Lifestyle Opportunityr

Each office is independently owned and operated.


Rare Commercial Location#111, 809 7th Avenue

Downtown main street. Very high traffic area 1,149 sq/ft of finished space. Move your business here. Major improvements for retail or offices are in place. $299,000

Great Commercial Location#108, 901 7th Avenue

Buy or lease. Prime main street retail or office space in Park Side Place, well built building, low operating costs. 907sq ft. Attractive building. $299,000 + HST

No City Pressure! Central Location9455 Toby Ridge Road

Incredible mountain views 10 minutes to Panorama. On 5 acres, 3 years young. 3 bedrooms, 3 bathroomsFantastic decks and patios for entertaining. Custom heated concrete floors plus classic work shop. $749,000

Come Home To Comfort2608 Westside Road

Once in a lifetime dream property. 4200 sq ft, a modern master piece. Open living plan, galley kitchen and 3 main floor bedrooms. On 77 georgeous acres. Scenic Rocky Mountain and Lake Windermere views. A must see property.$3,500,000

INVERMERE, BC Commercial & Residential OPPORTUNITIES

P A U L G L A S S F O R D250-342-6505 [email protected] I n v e r m e r e

www.ReMaxInvermere.com

Attention

Agents:TO ADVERTISE

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

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Haida buys West Coast Resorts The Haida Enterprise Corp. (HaiCo),

owned by the Haida Nation, has bought controlling interest in West Coast Resorts (WCR), which has five high-end fishing resorts along B.C.’s west coast.

“This investment by HaiCo is the logical progression of West Coast Resorts’ longstand-ing relationship with the Haida,” said WCR manager George Cuthbert. “Over the years our guests have come to value our relation-ship with the Haida, Gitga-at, Heiltsuk and the Kyuquot/Checleseht people and have returned to our resorts repeatedly.”

Two of the lodges – the Lodge at Hippa Island and the Lodge at Englefield Bay – oper-ate on the west coast of Haida Gwaii (the Queen Charlotte Islands) while two other lodges are located along the central coast and a fifth lodge operates in Kyuquot Sound on Vancouver Island.

The purchase will allow the Haida to extend employment opportunities for its people, according to Thomas Olsen, managing direc-tor of HaiCo.

The value of the purchase was not released.

Private money now driving construction Construction spending in B.C. and Canada

over the next year will be dominated by private-sector and non-residential work as cash-strapped governments cut back on institutional buildings and debt-heavy con-sumers shy away from buying new homes, according to the Conference Board of Canada.

“The winding down of government stimulus spending has resulted in lower spending on

institutional structures, which will take some steam out of the [construction] industry. This trend is expected to continue into 2012,” the board states in its recent Canadian Industrial Outlook. The report notes that the federal and provincial governments have a combined deficit of $67.7 billion this year, with the provinces alone on the hook for $27.2 billion. Resultant cutbacks have meant a 37 per cent drop in government-funded construction proj-ects as of mid-2011 compared with a year ear-lier. Though it is not specifically mentioned, the completion of Vancouver Olympic venues would have spiked the 2010 institutional spending higher than normal.

However, the study sees private commercial and industrial construction taking up some of the slack. Through the first six months of this year, permit values were up 1.2 per cent for industrial buildings and 4.7 per cent in the commercial sector. “These two segments are recording healthy increases [and] are set for continued growth.”

In the residential sector, the board notes that national housing starts fell 3.2 per cent in the first half of this year compared with 2010, though new-home prices were up 1.9 per cent in the same period. Higher immigra-tion may boost demand for new homes in 2012 and beyond, but high consumer debt could put house-buying plans on hold.

This year, consumer debt in Canada hit $1.54 trillion. This means that, with an income-to-debt ratio of 147 per cent, the average Canadian holds $147 in debt for every $100 in after-tax income. “It is expected that consumers will be reluctant to take on extra debt to buy a new home or to finance renova-tions,” the board cautioned.

U.S. contractors begin northern power line workBC Hydro has chosen Edmonton-based

Valard Construction, owned by U.S.-based Quanta Services and Burns & McDonnell, also a U.S. company, as con-tractors to design and build the Northwest Transmission Line (NTL).

Calgary-based Bel lstar Hotels and Resorts Ltd.

has added another B.C. resort to its management portfo-lio. This time it’s Comox Bay Marina & Residences, a natu-ral fit given the popularity of Vancouver Island with Alberta buyers.

Bellstar previously managed Miraloma on the Cove in Sidney, but its management contract ended last year when Miraloma’s owners converted the devel-opment to condos. Howard Land Group recently approached Bellstar to manage the new Comox project, which is set to open in early 2014.

“We looked at the plans, we looked at the condos, we looked at the size of the resort, we looked at the market in Comox and we decided it is a fit for us,” said Bellstar COO Ralf Strub.

Strub said the addition of Comox opens opportunities for Bellstar to become more active on Vancouver Island. It was meeting with a second resort owner last week, and it’s in discus-sions with a third property. The latter two are operated by the developer, who sees value in having an outside management company.

“They understand it’s a different skill set,” Strub said.Bellstar looks forward to being back on the Island following the termination of the

Miraloma agreement.“We want to add the Island again to our portfolio as a hub and make it more worthwhile

than it is with one resort,” Strub said. The Comox Valley has also attracted Trilogy Corp. of Vancouver, which is developing the

largest mixed-use project on Vancouver Island. Trilogy’s 719-acre Cayet development at Cumberland, just west of Courtenay, calls for a huge shopping centre, office and institutional space and more than 1,000 homes. “The Comox Valley represents the most affordable land prices in B.C.,” said John Evans, president of Trilogy, who has been inviting other developers and home builders to join in at Cayet.

Rendering of Comox Bay Marina & Residences.

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The NTL will be a 344-kilometre, 287-kilo-volt transmission line from Skeena Substation near Terrace to Bob Quinn Lake. The project will provide an interconnection point for clean-energy generation projects and supply clean electricity to support future industrial developments in the area.

The power line is scheduled to be in service in December 2013.

BC Hydro says the project will create up to 840 direct jobs during the three years of con-struction.

According to a 2008 report from the Mining Association of BC, the NTL has the

potential to attract $15 billion in new invest-ment and create more than 10,000 jobs over the next few decades.

BC Hydro will also provide direct employ-ment to First Nations and Nisga’a Nation members in the region with a number of direct awards for NTL project work, such as access-road construction and right-of-way clearing work.

Meanwhile, the province says it is also com-mitted to BC Hydro’s controversial, $7 billion Site-C dam, though all environmental stud-ies on the giant Peace River project have not been completed.◆

Live in Nature.Play in Nature.KOOTENAY LAKE VILLAGE

An Investment Opportunity Like No OtherA rare opportunity to purchase one of the most successful and acclaimed real estate projects in Interior BC. The current developer is seeking a visionary buyer to

complete the master planned subdivision, which benefits from existing extensive utility infrastructure, engineering, construction permitting, recreational park areas, experienced management and sales teams and much, much more.

Sam Hodson 604-694-7623

[email protected]

Matt Cameron 604-694-7628

[email protected]

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com Interior/Northern British Columbia B11

NORTHEAST BC REALTY Ltd. Phone 250 785 4115

“Investing Our Energy In The North”

Located at 9912-100 Avenue Fort St John BC V1J 1Y5 www.NEBCRealty.com F: 250 785 4120

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

FOR SALE - FORT ST JOHN BC INVESTMENT PROPERTY 39,000+/-sf leased building on

3.73 acre corner lot in Prospect Industrial Park

INVESTORS TAKE NOTE… North East British Columbia has a thriving economy that continues to maintain a healthy market. With BC Hydro’s

projected Site C dam along with the busy oil & gas industry, this is a great area to consider investing in.

Existing tenant is a major industrial product and supply company whose current lease term is in place to 2017.

Solid lease with annual escalator.

ASKING $2.88 Million MLS® N4504999 NO DROP INS

Call Ron for information package or to arrange to view Note: CONFIDENTIALITY AGREEMENT MAY BE REQUESTED Prior to release of information

RON BARTSCH cell [email protected]

FORT ST. JOHNFORT ST. JOHNPRICE: $69,500

10 Unit Residential Townhouse Property. Potential to stratify units for resale.

Gross potential revenue of $96,000/yr. Annual expenses: taxes $5,080,

water/sewer $4,000, insurance $950.

Reduced to $839,000 (sold in 2007 for $1,000,000).

Approx. mortgage pmt. on $675,000 = $3,800/mo*

Email [email protected] or call 1-800-658-2345

* Financing available O.A.C.

Sicamous, BCMulti-Unit Residential

108 Mile Ranch, Semi Waterfront Lot, 0.63 acres, very close to Lake, great investment $59,000

Lakefront, Miner Lake, Cariboo, 40 acres, great hunting, easy access, Crown Land $65,000

Williams Lake, 0.69 acre building lot, Golf Course subdivision $65,000

Moose Meadow Ranch, Williams Lake 68 acres, off grid, two titles, great hunting $70,000

Horsefl y, 5 acre building lot with great views, close to Village S75,000

Lakefront, 80 acres, small lake near McLeese Lake $85,900

Horsefl y Bay, Semi Lakefront, 5 acres, very beautiful recreational property $89,000

Lakefront, near McLeese Lake, 80 acres, small lake $85,900

Creek front, Williams Lake 40 cares, good timber and hayfi eld, rustic cabin off grid $89,900

Horsefl y 5 acre commercial Lot right on main Hwy. great Investment $95,000

150 Mile House 80 acres of good Holding / hunting property, make your offer $99,000

Hope, Dogwood Valley Country setting building Lot, 0.5 acres $99,900

Hope, beautiful building Lot, Thacker Mountain Subdivision, great family area $104,900

Quesnel, Nazko Cooper Meadows 179 acres of Hay and Play Land $109,000

Chilcotin, Semi Waterfront, One Eye Lake 160 acres bargain!! $125,000

Quesnel, Nazko Baker Meadows 280 acres of Hay land-Outdoor Paradise! $129,000

Waterfront Lot 1 McLeese Lake great fi shing, easy paved road access $149,000

Clearwater, 57.24 acres, not in ALR, subdivision & Ranch Potential, beside Provincial Park $150,000

Waterfront Lot 6 McLeese Lake great fi shing, easy paved road access $179,000

115 acres, Horsefl y, great views to Lake and Mountain, 60 acres in hay, easy access $182,000

Clearwater, 20.65 acres, Creek front, ideal recreational property, beside Wells Gray Park $199,000

Monte Lake, River frontage, 21,57 acres , Hobby Ranch property, close to Kamloops $269,000

Chilliwack River Frontage, 3.72 acres, with mobile, pictures setting on a salmon habitat $789,000

Agassiz, Lougheed Hwy. 5 acres, great River views, subdivision potential $1,200,000

Land

Farms & RanchesStrouse Meadow Ranch, Creek front, Chilcotin, 160 acres, great retreat, wildlife & more $200,000

Dry Ranch, Riske Creek, 489 acres, 3 titles, water licence, off grid, hayfi elds, great setting $400,000

Ross Meadow Ranch, Williams Lake, 485 acres, 3 titles, surrounded by crown, wildlife $434,000

Savona, Allie Lake Ranch 123 ac / 3 guest cottages / 28 ac of lake, fenced/cross fenced $590,000

Black Sheep Ranch, 159 acres, Sawmill, Wood Lot, Log Home, Guest House, Studio build $749,000

Riverfront Ranch, McAllister, 443 acres, range permit, 3 titles, water licenses $849,000

Marguerite Farm, Riverfront, Quesnel, 470 acres, lots of features, micro climate $875,000

School House Ranch, 100 Mile House, 2 Log Homes, 625 acres, fi ve minutes to city $899,000

Fort St. John, 2560 acres, Cattle and Hay Ranch, grazing range, all fenced, lots of Wildlife $1,100,000

Becher Ranch, Williams Lake, 450 acres, big Log Home, Pool $1,500,000

Bar M7 Ranch, Williams Lake, 2267 acres, Grazing Lease, 19 Titles, no Buildings $2,700,000

Lodges / Resorts and Bed & BreakfastsWhites B & B Horsefl y BC, Big House with 8 Bed Room, good Income REDUCED $279,000

Schuk Ranch, Chilcotin, 2 Log homes, several outbuildings, 40 acres, pictures setting $549,000

Thuya Lakes Lodge, Little Fort, surrounded by 30 lakes, ONLY resort in the area $619,000

Elfi nlau Waterfront ECO Resort, Harrison Hot Springs $784,500

CommercialClinton, Hwy Exposure, Commercial zoned House with Store, double Lot $149,000

Hunting Outfi tting Business, Alberta , Rocky Mountain area, REDUCED TO $399,000

Wells, White Cap Inn, 34 units, great Income, growing mining village, motivated Seller $599,000

Oceanfront, Bella Coola, 31 acres, huge warehouse, down town, Marina possibility $680,000

Home Hardware Building, 100 Mile House, $57,000 net income, beside Safeway $865,000

Pinkney Mall, 100 Mile House, 2500 sqft, net return $166,000 top condition $1,695,000

Anahim Lake, 3 bed/2bath on 3 acres, timber framed, southern exposure $89,900

Quesnel Lakefront Cottage, Likley, 2 bedroom, 1 bath, great setting, year round access $90,000

150 Mile House, 8.8 acres with unfi nished Cabin, only 25 minutes to WL, great buy $64,900

Greven, Germany, River frontage, Nice weekender, close to Muenster, save investment €148,000

Hemlock Valley Condo, one bedroom, great ski area, close to mainland, great offer $155,000

Clearwater, two new unfi nished Cabins, 6 acres, lots of Wildlife, close to Park $189,000

McLeese Waterfront, 2 bedroom nice weekender on McLeese Lake, REDUCED $195,900

Horsefl y, almost new Log Home, Guest Cabin, Work Shop, several times REDUCED $236,900

Harrison Hot Springs 2 bedroom apartment with great Lakeviews, very motivated Seller $229,000

Lac La Hache, Semi Waterfront, 3 Bedrooms NEW / not fi nished, great Deal must sell $249,000

Horsefl y, solid Log Home on good Road, 2008 sqft., 3 Bedrooms 1 bath, great setting $249,000

Williams Lake, 3 bed / 2 bathrooms, 10 acres, great house REDUCED TO $259,000

Waterfront Scum Lake, 4,07 acres, self-effi cient weekender top notch, great buy $269,000

Clearwater, Log home, 115 acres, not in ALR, beside Wells Grey Park, great weekender $349,000

Waterfront, Horsefl y custom Log home & extra Studio building, 2 acres $425,000

100 Mile House, almost new Log Home, guest cabin, semi Lakefront, private, good road $529,000

Waterfront Canim Lake, 17 acres, 200 m waterfront, 2900 sqft. off grid $589,000

Harrison Lake Frontage, 3 bed. 1 bath, 2.56 acres, several outbuildings, own power/water $749,000

Houses / Condos / Apartments

We sell unique Properties in British Columbia

www.TheBestDealsinBC.com

Freddy & Linda Marks

3A® Network Group Linda Marks & Freddy Marks 604 491 1060

WestCoast Realty™

You've found a home

SOLD

Call Christine at the

marketing your franchise?

1-800-661-6988 • (604) 608-5110 • [email protected]

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

#127545: NEW STRIP MALL has 4 available spaces left for lease, 1,750 sq ft each. Great location on 8th streetbetween Tim Horton’s & The Brick. Lease rates start as low as $16/sq. ftStart your business here.

FOR SALE OR LEASE 5040 sq ft building on busy Alaska Ave. Many uses, drive thru availability, lots of parking, next to government liquor store. Owner will consider dividing building into two rental units.Priced at $795,000 or 17.50 sq ft to lease.

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

#131876, 130050, 131875 - HIGHWAY

COMMERCIAL/INDUSTRIAL LAND Situated across from the EnCana event centre, Chances casino and new Holiday Inn this is a very desirable location. Total of three lots each approx 4.5 acres each, excellent visibility and access.

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

L A N D

#129635: RESIDENTIAL DEVELOPMENT LANDS, 3 separate parcels 25, 79 and 116 acres. Superb location, the timing is right as we are expecting thousands of new people in the near future.

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

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

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

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

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

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

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

TOM MORAN [email protected]

LLOYD SMITH [email protected]

#129952 - FOR SALE OR LEASE Multi-purpose build-ing, could have 4 separate units. Total of over 12,000 sq ft, upgrades include updated roof and furnacesAsking price is just $397,000

#129953 - RETAIL BUILDING Great location on 10th St over 3,000 sq ft on main and additional 3,000 sq ft on second floor, located next to Scotia Bank, immediate possession available. Asking price of $375,000

#132673 - In the centre of the City close to the traffic circle on Alaska Highway...1.55 acres of flat land with all new services to the property and bordered by 8th street and the paved roadway to the new apart-ment building. Excellent location, commercially zoned, $290,000.00

#130029 RETAIL STOREFRONT on 102nd Ave. for sale, 3500 sq. ft on a corner location, paved parking, good visibility can be used for offi ce, retail, or your own small business. Owner will consider leasing as well $169,000

#130010 - WELDING / MACHINE SHOP for sale Includes 12’ door, 13’ ceilings, 3 phase power, 23o Volt/400 amp service. Gravel yard, 100 sq. ft. offi ce with shower & bathroom. Fire hydrant, 2 overhead cranes. $260,000

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

#130090 - currently leased located at 1512-97th Ave.

Total of 4880 sq ft with 3360 sq ft of offi ce area and 1520 sg ft shop, 2-14ft doors. Existing lease shows over an 11% return. $425,000

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

Remax Action Realty 1991 [email protected]

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

FORT. ST. JOHN

The Power Of Partnership!

KATHY MILLERCURTIS ROBINSONPERSONAL REAL ESTATE CORPORATION

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

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

$1,200,000 - MLS# N4504915

INVESTMENT GEM!

9620 - Sikanni Road2000 sq. ft. bay with front reception, offi ce and mezzanine. Shop consists of radiant heat, 14’ overhead door, main door

+ a fl oor drain. $14.00/sq ft + Triple Net MLS# N4504937

IDEAL FOR SMALL BUSINESS!

8224 - 100th Street11,848 sq. ft. strip building consisting of 8 individual spaces

ranging from 1.367 sq. ft. to 2,160 sq. ft. each. Spaces consist of front reception/offi ce area, 2pce baths and rear shop with

14’ overhead doors. $1,400,000 - MLS# N4505039

OPPORTUNITY KNOCKING!

8219/8223 - 93RD STREETWAREHOUSE/OFFICE AVAIL. SEPT 1/11. DRIVE THROUGH 14 X 16

OVERHEAD DOORS W/ELECTRIC OPENERS, 9 X 15 OFFICE. $14.50/SQ FT + TRIPLE NET - MLS# N4504927/4504928

2 - 2160 SQ FT SPACES FOR LEASE

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

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

MLS# N4504949

LOCATION, LOCATION!

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

$329,900 - MLS# N4504196

INVESTORS ALERT! 10016 - 106th Street

MISSION - 7 ACRES - $779,900 REDUCEDIMMACULATE equestrian setup on a secluded and serene fertile acre-age with access to small waterway for fi shing, relaxing and eagle spotting. Renovated basement entry with beautiful maple kitchen, bay carousel eating area with million dollar mountain view, liv. rm, 3 large bdrms, 2 baths and room for extended family down with 2 bdrms, bath and kitchen.6 stall barn, 3 stall shedrow, 100 x 200 outdoor ring, 30 x 38 workshop, hay producing fi eld plus grass and sand turnouts for horses. The property is fenced and xfenced and groomed to make your transition here effortless. Potential to run bed/bale/breakfast in this great location. You will not fi nd any fl aws here - call today to view.

ABBOTSFORD - 2.5 ACRES - $699,900Located in the charming community of Arnold this diverse property will suit no matter what your needs are. All fl at and usable and set up to house up to 14 horses, with two barns, turnouts, riding ring all drained and gravel footing. The home is a 7 bedroom basement entry well main-tained with large kitchen to open dining and family room area and sepa-rate living room with beautiful red brick fi replace (previous owner was a professional mason). Nothing left to do except move everyone in and enjoy. Easy to view - this is priced to sell fast. You will be impressed.

IRON CREEK LODGE - HOT NEW PRICE !!! $638,888 50 Acres – Located at the B.C. Yukon border, on Iron Creek Lake which is stocked by the gov’t with rainbow trout. Facilities overlooking the lake include service station, 2 storey lodge with 50 seat restaurant, full kitchen, living quarters upstairs, 8 room motel, 2 room log cabin, 20 serviced R.V. sites...the list goes on. All buildings and services were installed from 1992 to present with approvals and built to code. Steady clientele with tour buses, car, truck and camping traffi c, fi shermen, hikers, snowmobilers, cross country skiers and local traffi c. Priced to sell. Call for a full information package.

Located 15 minutes east of Prince George, this fertile and picturesque ranch borders the Salmon River. Large acreages like this located close to major city centers are hard to fi nd. Perfect opportunity to raise any kind of livestock and/or grow crops. Much of the land is already produc-ing and fenced. Priced to sell - don't miss this opportunity to invest in your future. Call for more information.

For Professional, Personal and Prompt Service Call...Karren Winther and Nick CostantinoCell: 604-818-4888 604-857-1100 Cell: 604-818-0233

1-888-341-1100 [email protected]

Look Here For Your Next Investment Opportunity

SOLD

SOLD

SOLD

SORRY, YOUR AD IS MISSING...

For advertising information call 604-669-8500 or 1-800-661-6988 toll free anywhere in Canada or the USA.

COMMERCIAL REAL ESTATE, FRANCHISES & BUSINESS OPPORTUNITIES IN WESTERN CANADA

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

Elaine Kienzle250 563-8769www.elainekienzle.com

PRINCE GEORGEOpportunities

Established Business For Sale $295,000entertainment rental & event planninghuge equipment list incl 3 cube vansover 15 years name recognition

Riverfront multiple res site 500,0001.76 acres - approx 263’ of riverfrontcity water & sewer mains on roadpreliminary drawings for 13 townhomes

Invest in a lifestyleTwo waterfront properties

Ideal for recreational/residential developmentParcel 1 - 55 acres, 3 titles $495,000approx 1650’ of lakefront, easy access

Parcel 2 - 26 acres, 2 titles $295,000approx 1450’ of lakefront, hwy access

7.32 ac along the Nechako River $545,000zoned res - not in the ALR - subdividableapprox 460’ of riverfront, nicely treedeasy access to downtown & UNBC

RE/MAX Centre City Realty

Each offi ce is independently owned and operated

GEORGE Weinand 250-960-9556

KEN Goss 250-565-7653

— Your PRINCE GEORGE Commercial Professionals —

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

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

www.pgcommercial.ca

THINK REAL ESTATE...The Best Investment on Earth

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

"Bee-Lazee RV Park & Campground" A 49 pad campground , plenty of room for expansion & a modern 2,000 sq ft bungalow on 77 Acres. ¼ mile of frontage on Highway 97 South.

353 Victoria St.FOR LEASE – Quality, visible 1,100 sq ft RETAIL space on 3rd and Victoria St. Net-Lease.

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

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

1644 & 1840 – 1st Ave.FOR LEASE – Quality warehouse space.

'Dutch Maid Laundromat'BUSINESS ONLY – Established fully equipped laundromat. Price includes 32 washers, 33 dryers, tables, chairs, laundry carts, hand baskets, commercial shower & much more.

#100 – 3320 Massey Dr.FOR LEASE – 2,000 sq ft quality RETAIL space. Beside ‘Princess Auto’ on Massey Dr. Zoned Z-3. Net-Lease.

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

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

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

1396 – 5th Ave.FOR LEASE – 1,955 sq ft of professionally designed second-fl oor, top-quality OFFICE space. Gross rate lease.

B14 www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR

Marketing commercial real estate in Western Canada.In Print. On Line.

Advertise. Subscribe. Make More Deals. 1-800-661-6988

Online!New stories every week

Every Month!

In Print. On Line. www.westerninvestor.com

NOVEMBER ISSUE: AD DEADLINE OCTOBER 11

Report: U.S. Residential investmentsStrip mallsBest 10 business towns in the WestNAIOP development cost surveyFranchise NewsRecreational Properties

Regional Roundups:BC: VancouverAB: CochraneSpotlight: Weyburn, SK

he business plan for the province’s next mega project – BC Hydro’s $7.9 billion Site C hydroelectric

dam – is rife with problems, according to an investigation by Business in Vancouver.

The investigation has revealed that the electricity forecasts the province is using to justify the project contradict historic increases in demand and the cost to produce electricity from the dam is more than what taxpayers pay for energy today. On top of that, the dam would flood an area of prime agricultural land roughly 13 times the size of Stanley Park.

The Liberal government has also removed the taxpayer-funded project from the oversight of the British Columbia Utilities Commission(BCUC), a policy that even Site C’s supporters don’t agree with.

And even though the provincial and federal environmental assessment offices have yet to complete independent assessments of the project, Energy Minister Rich Coleman has said the province is committed to building the dam.

“Site C will be a project that’s going ahead,” Coleman told reporters in August. “It’s a proj-ect that we’ve already committed to.”

Ken and Arlene Boon are the third generation in their family to farm the nutrient-rich land next to the Peace River known as Bear Flat, in one of the province’s most productive agricul-tural regions.

In 1983, the BCUC rejected the govern-ment’s plan to build the dam, citing the need for a more accurate electricity demand fore-cast and alternatives to the project. But in 2004, then-premier Gordon Campbell dusted off the plan, envisioning a project that would cost $3.2

billion.Last year, Campbell flew into Hudson’s

Hope to announce that his government was again proceeding with Site C.

At the time, Campbell said the project would produce some 4,600 gigawatt hours (GWh) of electricity per year, enough to power roughly 410,000 homes.

He added that it would produce clean energy, create up to 35,000 jobs and help the province reach its goal to become electricity self-suffi-cient.

What he didn’t advertise was that the project would wipe out 5,340 hectares of prime agri-cultural land. “We’ll lose our place, most of our land, probably our home, our house,” said Ken.

At the time, the government claimed that the province’s electricity demand would grow 20 per cent to 40 per cent over the next 20 years.

A year later, the province upped the scale of the project again, envisioning a $7.9 billion hydroelectric dam that would produce 5,100 GWh of electricity per year, or enough to power 450,000 homes.

FEATURE Hydro mega project forges ahead but investigation reveals flaws in cost and demand projections

JOEL MCKAY/BIV

WESTERN INVESTOR

And in spite of lag-ging electricity sales, the province also increased its demand forecast.

In a letter to Business in Vancouver in August, Coleman said the prov-ince’s energy require-ments over the next 20 years were expected to soar 40 per cent based on population growth in excess of one million people.

However, between 1991 and 2011, B.C.’s population climbed 36

per cent to approximately 4.5 million people. During the same period, domestic electricity demand in B.C. climbed 25 per cent to 50,607 GWh.

That means electricity demand growth actu-ally lagged population growth, the opposite of what the government claims in its justification for Site C.

In fact, over the last five years, BC Hydro’s electricity requirements have declined 11 per cent.

Peace Valley Environment Association biolo-gist Diane Culling believes that, despite the government’s claims that Site C would gen-erate enough energy to keep the lights on for 450,000 homes, the project is meant to power resource companies.

“We always talk in terms of 450,000 homes,” said Culling. “[But] no one is talking about sending this power to the Horn River Basin and the oil and gas industry.”

Around the same time the Campbell govern-ment pulled Site C out of storage, it also began to cash in on massive natural gas reserves in northeast B.C. The industry has since become

a $6 billion per year cash cow.When asked about the electricity demand

projections, BC Hydro’s Mike Savidant said industrial activity would become a significantdriver of the growth in electricity demand in the coming years. “We do see that load growth increasing much more significantly,” Savidant said.

A closer look at BC Hydro’s latest forecast report revealed that electricity demand from metal mines is projected to jump 91 per cent inthe next 20 years, while coal-mine demand isexpected to increase 50 per cent.

But the real industrial growth comes fromthe oil and gas sector, where electricity demandis expected to soar a whopping 461 per cent.

Despite that growth, BC Hydro’s corporate customers pay less for power than the averagecitizen.

Large industrial customers paid approxi-mately $45 per megawatt hour (MWh) of elec-tricity in 2011 compared with $77 per MWh forresidential customers, according to BC Hydro’sannual report.

In the Peace Valley, the talk is all about directimpacts.

In BC Hydro’s Site C project descriptionreport, the utility conceded the project would flood an area 13 times the size of Stanley Park.

For the Boons it’s not about the money. In addition to farming, they have restored oneof the area’s original schoolhouses and a post office, and even transformed one building intoa small museum.

“You can’t put a price on memories … youcan’t relocate and still have the same value ofwhat you have here,” said Arlene. “It’s price-less.”

But although the Boons fear that the damwill force them to leave Bear Flat, they don’t believe it will ever be built.

“I think it’s political suicide,” said Ken. “When it comes down to the crunch I don’t see how the government … would win withSite C. I think it’s a loser, and I really don’tthink it’s ever going to happen.”◆

Phot

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ydro

BC Hydro says Site C will help meet a 40 per cent increase in electricity demand over next 20 years.

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com Alberta B15

Visit www.advantagecommercial.ca

or call 403-346-6655

CENTRAL ALBERTA

Businesses, Investments, Sales

and Lease Information

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

• A Flagged 102 Room Full Service Hotel well located in a prime commercial area of a dynamic city, the stellar performance of its operation is attested to by its continuous outstanding growth in revenues, plus substantial up-side potential. Asking $12,900,000.

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

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

• A Flagged 48 Room Limited Service Hotel featuring indoor Swimming pool among its other amenities, very well located on a service road that gives it highway exposure, outstanding Revenue/occupancy performances. Asking $4,900,000.

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

• Located in a very popular Ski Resort A New Deluxe 2 - Bedroom Condo consisting of 2 - bathrooms, fireplace, cable among the many other superb Features, plus the many amenities such as swimming pool, sauna, fitness center, indoor parking to name a few within the Building Complex. Immediate possession available, a great buy with cash to an existing mortgage of $330,900 more or less, at the Asking Price of $499,000.

CURRENT OFFERINGS

BUSINESS FOR SALE!

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

Calgary, Alberta

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

www.BestAlbertaRealEstate.com

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

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

For further info contact: Lorne Ryz 1-888-229-0007 Toll Free

Email: [email protected]

ATTENTIONSELLERS!

BEAUX Properties International

is looking for Multi-Family units, Condo Conversions &

Commercial Strip Malls

VIS

IT O

UR

WEB

SIT

E AT

: ww

w.c

alga

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nd.n

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EAST CALGARY - 84 ST. SE98 Acres near Stoney Trail

$15.6 Million

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

Zoned Recreational$3.79 Million

ROCKY VIEW 160 Acres on Country Hills Boulevard

$5.6 Million

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

$20 Million

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

$32 Million

EAST CALGARY - 17 Ave SE 13.52 Acres Stoney Trail Frontage

$6.76 Million

CHESTERMERE- SIERRA VISTA

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

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

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

KEVIN MOORE(403) 617-2846

4 St. NEoney Trai

RY ear StoM

Acres ne$32

160 oney Trailillion

Opportunities!

Call 1-888-652-7281 oremail: [email protected]

For more information on any of the many opportunities in the Sylvan Lake & Red Deer areas

CENTRAL ALBERTAOpportunities!

prime commercial lotSYLVAN LAKE, AB

Almost 12,000 sq ft of commercial

land for development conveniently

located next to Servus Credit

Union

www.TrilliantRealty.ca

$479,900

prime development opportunitySYLVAN LAKE, AB

More than 25,000 sq ft of hwy frontage on Sylvan Lake's main street, zoned for office, professional or

retail use.$779,900

development landBENTLEY, AB

2 full quarters on the North side of Bentley overlooking Gull Lake

- ¼ currently annexed while other is slated for annexation$2,500,000$2,500,000

194 ac - perfect for subdivisionGULL LAKE, AB

Gull Lake is popular for its recreation, great fishing, &

centrally located between Calgary and

Edmonton.

pre-approved for 31 unitsSYLVAN LAKE, AB

Perfect for a multi-family

development - .84 acre lot in the heart of Sylvan

Lake close to the multi-plex.$699,000

commercial lease space & a penthouse suiteSYLVAN LAKE, AB

$2,100,000

Three storey commercial building in the heart of

downtown with 3500 Sq Ft upscale penthouse.

building & paved parking across from lakeSYLVAN LAKE, AB

$1,999,000

For sale or lease, this 3 lot property on busy lakeshore drive is fully set up for a restaurant or fast food business.

commercial building on busy main streetSYLVAN LAKE, AB

$675,000

For sale or lease, 3200 Sq Ft building sits on 2 lots gives 6925 Sq Ft of land

only a minute from the beach.

multiple spaces & lots available in the busiest cornerSYLVAN LAKE, AB

Located right in Sylvan Lake's

newest & largest shopping hub is situated on the

corner of busy 47 Avenue & Hwy 20

$2,100,000

$4,650,000

$479,900

$4,650,000

$675,000

$1,999,000

$699,000

$779,900

Brent J @ 604 230 6290 –

www.strongbridge.ca Go to

projects/comm/comox

Comox Centre Mall

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

Bring your fresh ideas and build your business

Local captive area +/- 16000 pop with steady $

NEEDS SHOPS and SERVICES

Fabulous Corner Ocean/Mountain View FOR LEASE

Restaurant 2500 – 3500sf

Professional & personal services 750 – 2000sf

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

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B16 Alberta www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR

INVESTMENT SALES

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

and IndustrialCONTACT IAN NEWMAN

OR MIKE PARKER

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

company• Net lease• Asking $8,290,000

CONTACT JOHN [email protected]

MULTI-FAMILY OPPORTUNITIES

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

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

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

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

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

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

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

WetaskiwinApartment product is in demand! Please call

for our opinion of value of your building!CHRISTOPHER KAMPHIUS

or RAPHAEL [email protected]

COMMERCIAL CONDOS

• 3,000 – 9,000 sq. ft.; located at intersection of Fort Road, Wayne Gretsky Drive & Yellowhead; $130/ sq. ft.

CONTACT BURKE [email protected]

DEVELOPMENT OPPORTUNITIES

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

CONTACT JEFF MCCAMMONOR DOUG BAUER

STETTLER MALLSTETTLER, AB

• ±91,403 sq. ft. on 10.21 acres anchored by The Brick, Peavey Mart and ATB

• Just $65.00 / sq. ft.• Located in the heart of Alberta

WESTLOCK MALL WESTLOCK, AB

• ±64,218 sq. ft. on 5 acres anchored by Peavey Mart and The Bargain Shop

• $51.40 / sq. ft.• Attractive returns

CONTACT DAVID COONEY / DOUG FOGG OR HOWARD McCANN

SPRUCE GROVE DEVELOPMENT LAND

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

CONTACT DOUG FOGG OR MARK McCANN

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

14,500 sq. ft. building

CONTACT DOUG RAE

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

CONTACT [email protected] [email protected]

FORMER WAL-MART MEDICINE HAT, AB

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

CONTACT HOWARD McCANN OR MARK McCANN

DUGGAN MALL CAMROSE, AB

• ±65,136 sq. ft. separately titled dept. store anchoring a major enclosed shopping centre; asking $4 Million ($61.40/sq. ft.)

MULHURST BAY CROSSING DEVELOPMENT LAND

• 132.4 acres on Pigeon Lake• Area Structure Plan approved• 207 dwelling units• 200 site R/V seasonal park• 10.28 acres commercial development siteCONTACT JEFF McCAMMON OR DOUG BAUER

www.cwedm.com

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

[email protected]

• 45 Unit Motel Pincher Creek, Alberta - $2,590,000• 8800 sqft Sublease office - Highfield - Calgary• Alberta Multi-family buildings - 6 to 1500+ units• Restaurant & Bar - High River Alberta - $2.7M• Former School for lease 27,000 sqft S.E. Calgary• Live/Work in Inglewood - Newer Condo $394,000• 33 Unit apartment building condo title - $3,465,000• 5625 sqft Retail Building on 4 Acres - Langdon $1,495,000• Prime Beltline Development Site Construction Underway $7,775,000• Franchise Restaurants - Chicago Deep Dish Pizza

- WOK BOX $299,000• 4900 sqft Industrial / Office Condo N.E. Calgary - $595,000• 1200 sqft Industrial Condo - N.E. Calgary - $290,000• 24 units close to University, Childrens Hospital, LRT - $4M

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

• FOR LEASE - 3600 sqft Commercial Retail Building

• Corner lot with high exposure

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

• Great opportunity for new business or expansion

Rocky Mountain House, AB

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

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com Recreational Real Estate HOT PROPERTIES B17

Opportunities aboundEXPLORE BUSINESS INVESTMENT OPPORTUNITIESIN ALBERTA’S TOURISM SECTOR

Alberta Tourism, Parks and Recreation invites you to discover tourism investment opportunities from across the province, including: • Hotels and lodging opportunities • Four Season Resorts • Golf course developments…and many other exciting initiatives.

Please join us at the Tourism Investment Forum on Wednesday, November 9th in downtown Edmonton at theShaw Conference Centre to explore and discuss upcoming tourism investment opportunities in Alberta. Time: 2:00 – 7:00 p.m. Place: Shaw Conference Centre Salons 10-12 9797 Jasper Avenue N.W. Edmonton, Alberta

The Ministry of Tourism, Parks and Recreation looks forward to hosting this free event.For more information and to RSVP, email [email protected] or call toll-freeby dialing 310-0000 then (780)415-8827

he developers of Wild Coast Cottages in Port Renfrew on Vancouver Island have released Phase 2 of the Water’s

Edge at Wild Coast Cottages a full year ahead of schedule.

Thanks to the success of the 40 Phase 1 cottages, each measuring 400 square feet and priced from $149,900, Phase 2 is seeing early construction of 23 new 515-to-650-square-foot waterfront cottages.

“The cottages in the Water’s Edge phase are the perfect vacation getaway for buyers look-ing for a bit more space and a spectacular ocean view,” said Ben Mycroft, Port Renfrew project manager for Three Point Properties. “These 23 new cottages feature the same quality West Coast design.”

But the prices are higher, though Mycroft says they remain the lowest waterfront cottage prices on the Island.

Each of the larger new units of Water’s Edge at Wild Coast Cottages feature two bedrooms and is priced between $249,000 and $399,000 (lot and HST included).

Features of the Water’s Edge pre-fab cot-tages include vaulted exposed-beam ceilings, natural wood detailing and large covered decks. The cottages sleep up to six people and may be rented out.

Buyers have priority access to the proper-ty’s new marina, located on-site. Three Point Properties will also facilitate shared ownership purchases, according to Mycroft. Three Point expects to share in a market that research shows is the top destination for vaca-

tion buyers from both B.C. and Alberta.

Research in 2011’s first quarter by RareEarth Project Marketing found that vacation homebuyers looked to Vancouver Island first. RareEarth previously handled marketing of Black Rock Oceanfront Resort in Ucluelet, Victoria’s boutique Oswego Hotel and the Whittakers development in Pender Harbour (as well as several Okanagan properties).

The survey contacted 1,000 people in B.C., Alberta and Saskatchewan, 61 per cent of whom preferred Vancouver Island over the Okanagan (56 per cent) and the U.S. (47 per cent).

RECREATION FEATURE Prices spike but Vancouver Island resort may still offer best oceanfront deals in B.C.

FRANK O’BRIEN

WESTERN INVESTOR

The research supports RareEarth’s efforts to market the new Comox Bay Marina and Residences, a $30 million project Howard Land Group is developing on the Comox waterfront.

Prices for the Comox project start in the mid-$200,000s, while the average house in the area sells for nearly $350,000.

The appeal of Vancouver Island real estate is also linked to price, according to Randy Forbes of Coast Realty Group, who points to waterfront lots and new condo projects as among the best investor buys on the Island.

Housing sales are slowly rising in most parts of the Island north of Victoria, according to the Vancouver Island Real Estate Board.

Regional sales of detached houses were up

(RIGHT) Waterfront cottages start at $249,000 – up about $100,000 from the first phase at Wild Coast Cottages – which includes access to a marina (LEFT) on the west coast of Vancouver Island at Port Renfrew.

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13 per cent in August from a year earlier and were 6 per cent higher than in July.

The average price of a single-family housesold in August was $345,866, up 3 per centfrom a year earlier. The board estimates there are about 3,100 residential properties listed forsale, slightly higher than last year.

For the 12-month period from the end o fAugust 2010 to August 2011, average saleprices across the region were: Campbell Riverdown 3 per cent to $278,696; the Comox Valleyup 7 per cent to $347,383; Nanaimo up 5 percent to $365,537; and Parksville/Qualicum up 2 per cent to $398,358. Prices in the Port Alberni/West Coast area slipped 2 per cent to $262,032 and the Cowichan Valley was down 8 per centto $336,414, the board reports.◆

B18 Recreational Real Estate HOT PROPERTIES www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR

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

www.landquest.comLandQuest Realty Corp Smithers

LandQuest Realty Corp CourtenayLandQuest Realty Corp Nanaimo

LandQuest Realty Corp Cariboo –

BC’S SHUSWAP LAKE1.23 ACRE VIEW LOT

$109,900

RENTAL INVESTMENTVAVENBY

$77,900

CORDERO LODGE WEST COAST, BC

NORTHERN BC - TIMBERED WATERFRONT ACREAGE

INDUSTRIAL/MANUFACTURINGBUILDING & LAND - SMITHERS, BC

GRANDBY RIVER RANCH SLOCAN VALLEY

$395,000

$265,000 $3,200,000 $2M $129,000

590 ACRES RURAL LAND W/ AIRSTRIP - NAZKO / QUESNEL

GREENWOOD MOTEL & RV PARKREVENUE PRODUCER

$540,000

$325,000

NEW PRICES - THE POINTDENMAN ISLAND

PORT BROWNING MARINA RESORTSOUTHERN GULF ISLANDS

$4,800,000

$3,750,000 $519,000

JERVIS INLET 1939 HERITAGE BOUTIQUE HOTEL - POWELL RIVER, BC

RIVERFRONT HOBBY FARMDEAN RIVER

$559,000

PARKLANDS AT DENMAN ISLAND COURT ORDERED SALE

$225,000

150 MILE HOUSE RANCHER ON PRIVATE ACREAGE

$1,295,000

RV SITES FROM $39,900 HOPE, BC

$39,900 - $45,500 + GST = NO HST

KOOTENAY LAKE VILLAGE - 35 KM TO NELSON DEVELOPMENT PROPERTY AT PENNIES ON THE DOLLAR

1,600 ACRE TIMBER PROPERTYEXCELLENT REVENUE POTENTIAL

$1,990,700

$2,285,000

4.9 ACRE OCEANFRONT ESTATEINDIAN ARM - NORTH SHORE, BC

POPEYE’S LOCKERS & STORAGE - SECHELT, BC

$875,000 $995,000

NORWOOD RANCHCOURTENAY

INDIAN ROCK RANCH - FAMILY FARM - LITTLE FORT, BC

$699,000

REDUCED

OLD ENGLISH SEAFOOD & STEAKHOUSE - 100 MILE HOUSE

$49,500

WESTERN INVESTOR OCTOBER 2011 Recreational Real Estate HOT PROPERTIES/Alberta B19

MOTELS & HOTELS≥ PROVOST Brand new 44 unit motel.

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

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

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

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

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

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

OTHER INVESTMENTS≥ DAYSLAND Convenience store and Gas Bar.,

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

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

email:[email protected]

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

CAMROSE, ALBERTA

ALBERTA IS AGAIN MOVING!

SEMINAR PRESENTATIONS (Limited Space available RSVP required for admittance)

UNDERSTAND Investing in US residential real estate is not the same for all states. ARIZONA is a SAFE, SMART and OPPORTUNE market for Canadian Investors.

CONNECT with two Arizona Real Estate professionals, both Canadians who now live and work in the Valley of the Sun. Join Victoria Miachika and Tricia Lehane at one of their seminars and

LEARN HOW and WHY Canadians CAN and SHOULD invest in Arizona, especially NOW.

Smart investors are snatching up distressed real estate deals in Arizona and the opportunity is NOW!

is more than a leisure destination it is a

PLACE TO INVEST!

CALGARYOctober 24

Calgary Petroleum Club

October 25 Kahanoff Conference Centre

EDMONTONOctober 26

Derrick Winter Club

October 27 Edmonton Petroleum Club

VANCOUVERNovember 1 Vancouver Lawn and Tennis Club

November 2 Morgan Creek Golf Club.

FOR SEMINAR TIMES OR LEARN MORE ABOUT "INVESTNG SMART IN ARIZONA" RSVP

email: [email protected] tel: 1 888 214 3069 www.ArizonaCanadianConnection.com

ARIZONA

KOOTENAY LAKE VILLAGEFall Price Reduction

Waterfront Original Price Reductions New Price Lot 1 $495,000 $200,000 $295,000 Lot 2 $529,000 $180,000 $349,000 Lot 3 $549,000 $250,000 $399,000Lot 5 $629,000 $180,000 $449,000Lot 6 $549,000 $180,000 $369,000Lot 7 $549,000 $190,000 $359,000Lot 15 $725,000 $226,000 $499,000Lot 22 $475,000 $116,000 $359,000Lot 23 $475,000 $96,000 $379,000Lot 25 $575,000 $146,000 $429,000Lot 12 (view) $169,000 $24,000 $145,000

Waterfront Homes3 Bedroom $1,100,000 $275,000 $825,000Cabin $795,000 $270,000 $525,000

Matt Cameron 604-694-7628

[email protected]

www.kootenaylakevillage.com

Sam Hodson604-694-7623

[email protected]

www.landquest.com/klv

Waterfront Lots

Nelson, BC

FOR SALE AUTOMOTIVE PARTS STORE KITIMAT, B.C.

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

westerninvestor.com

Subscribe 1-800-661-6988 westerninvestor.com


INVESTMENT OPPORTUNITIES FROM BARCLAY STREET REAL ESTATE

CAPITALIZEON EXPERIENCE

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

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

SOLUTIONSCOMMERCIAL REAL ESTATE Property

Management Office, Retail, Industrial

SALES AND LEASINGLand, Investment

SALES

WWW.BARCLAYSTREET.COM

FOR SALE COMMERCIAL BUILDING

For more information or to view, please contact:

1410 1ST STREET SWCalgary, Alberta

as an investment property to take full advantage of 1st

entertainment area of Calgary.

.

RICHARD LEWISRYAN SWELIN

[email protected]@barclaystreet.com

FOR SALE35,381 SQ. FT.

INDUSTRIAL/FOOD PROCESSING FACILITY


VersaCold storage facility

GREG ALBRIGHT

FOR SALE11817 22ND STREET WEST

30-SUITE APARTMENT BUILDING


EARL ADELMAN DAVID WALLACH

[email protected]

± 160 ACRE SITE

DEVELOPMENT LAND


566

QEII

FOR SALEC A L G A R Y

McDonald Lake

DOUG [email protected]

WAGON WHEEL

INDUSTRIAL

vicinity.

DISTRIBUTION FACILITY

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com B21

Paintearth Economic Partnership SocietyThe Power of the Future is Here Today

edmonton

reddeer

calgary northbound

fortmcmurray

36

• Located at highways 12 & 855• Choice Highway Commercial and Industrial lots

available• Residential Subdivision Available• Viable Farming Community rich in Oil, Gas, Coal and

Wind Power• Great Education options• Home of Halkirk 1 Wind Project LP

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

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

[email protected]

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

www.halkirk.ca

REGIONAL ROUNDUP Famous for its auto dealers, Wetaskiwin gears up with manufacturing, air links

Please see Shift page B22

DAVE HUSDAL

WESTERN INVESTOR

y Alberta standards, Wetaskiwin is no boom town. By the standards in most other provinces, it would be.

The small city, just south of Edmonton has the highest per-capital auto sales in Canada with eight major car dealers and many other smaller lots. And now it is shifting gears.

While it is certainly influenced by the Alberta oilpatch, Wetaskiwin’s economy is more diverse. It’s dependent on everything from big-ticket retail trade – “Cars Cost Less in Wetaskiwin” goes the jingle known to Edmonton vehicle shoppers – to manufactur-ing, agriculture, transportation and logistics and the resource sector.

Local developer Byron Reynolds and the City of Wetaskiwin are hoping to add aviation to that list as well, as leaseholders at Edmonton’s City Centre Airport look for alternative space for when that city’s downtown airfield is eventually closed and redeveloped.

Looking to fly into a combined hangar/resi-dence or business in Wetaskiwin? You might consider the merits of Skyport, a 90-lot airport subdivision, which you can drive up to or fly into. Every fully serviced lot in Skyport will have direct access to a paved taxi-way and the lit 1.2-kilometre asphalt runway, notes the Skyport website.

Unlike most airport properties, Skyport lots are sold, not leased, and lots can be used for a wide variety of purposes including hangar-residence combinations. Lots start at around $109,000.

The development comes from a private developer, though the city manages the airport and provides services to site, where unique zon-ing creates the potential for a wide mix of busi-ness and residential/general aviation uses.

Reynolds has already sold several fully ser-

vice lots in Phase 1 of the project, and will be ready to start Phase 2 once Phase 1 is 75 per cent sold. Aviation businesses in Edmonton have expressed interest in the project, but haven’t yet made a move to relocate to a 2.6-acre parcel ideal for businesses with a dozen employees.

“We’re getting lots of people that are show-ing some interest,” said Reynolds, whose fam-ily is also active in traditional development in the community.

“At some point in time, somebody’s going to commit to it.”

Skyport and “auto mile” are not the only action in town. “The auto dealers have the potential to support an even larger group of retailers, no question,” the city’s economic development

manager Ron Holland said of the drawing power of some of the community’s higher-profile businesses.

And with the city preparing to proceed in 2012 with the first phase of a major overhaul of Main Street/50th Avenue, Wetaskiwin is polishing its appeal as a place to do business, he said.

The ambitious $11.5-million project envi-sions replacement of nine blocks of under-ground infrastructure over a three-year period. The road above 80-and-90-year-old pipes will be rebuilt as well, leaving opportunities for everything from decorative streetscaping to enhancement of historic buildings under Alberta’s Main Street program.

As well, notes Holland, the city appears close – with the help of its neighbours – to proceed-ing with a new multi-use recreation facility

with an estimated price tag in the $18 millionrange. That complex would replace an agingaquatic centre and offer other benefits. It’s nota slam dunk at this point, says Holland, but withWetaskiwin County willing to drop $4 millioninto the complex and First Nations communitiesto the south also possibly offering support, thenew facility could well go ahead in 2012.

“It will not be a unanimous decision but it’slikely to pass,” Holland said of the new com-plex, the need for which is based significantlyon the shape of the current facility.

Growth in Wetaskiwin hasn’t been spectacu-lar. It’s never been in the 5 or 6 per cent rangeof the urban bedroom communities around Calgary or Edmonton. Still, it has posted somedecent numbers in terms of building activity inthe past 10 years.

(TOP RIGHT) Plans are in the air for a unique Skyport development, a 90-lot airport subdivision, which buyers can drive up to or fly into. Every fully serviced lot will have direct access to the 1.2-kilometre asphalt runway. (BELOW) Supreme Industries manufactures large agri equipment, such as this vertical feed processor destined for a dairy farm in Saudi Arabia. (TOP LEFT) Wetaskiwin’s “auto mile” has eight major dealerships and Canada’s highest per-capita auto sales.

Phot

os: Ci

ty o

f W

etas

kiw

in


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

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

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

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

Contact JEDI for yourbest business advantage

(780) 361-6231email [email protected]

www.jedialberta.com

C I T Y O F W E T A S K I W I N • T O W N O F M I L L E T • C O U N T Y O F W E T A S K I W I N

"The JEDI region offers Kimto Manufacturing a number of advantages including a good transportation network,a very low cost of doing business, and access to a broad range of skilled labour."

Commercial,Industrial & ResidentialFinancing

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

Obtaining Mortgages and Loans can be made Easy &

Simple!

Contact:Frank Hickey

from B21

The value of permits peaked in 2006 at $31.7 million, which was followed closely by $30.7 million in 2007. New permit values fell to a more subdued $11.9 million for 2010, and were running at that pace for the first half of this year, but there’s new activity coming in terms of condo development. A new 30-room hotel, the Alberta Inn and Suites, opened this spring in an innovative development that includes main-floor retail tenants in a three-storey project.

Wetaskiwin’s potential includes the trans-portation and logistics industries, thanks to its central location.

With 13,000 residents and a trading area of 40,000, the town is already a distribution hub for a prominent retailer, Home Hardware,whose shipping centre includes 750,000 square feet of space. Home Hardware’s choice to build in Wetaskiwin reflects the city’s proximity to Highway 2, Alberta’s main north-south trans-portation artery, as well as to a strong local labour force.

While some large retailers have located in Wetaskiwin, there’s room for more in the stalled Denham Landing project, which already includes Wal-Mart and Tim Hortons.Canadian Tire is among other major retailers in town, and SportChek is a new addition – one that reflects the extended retail catchment area of the community. It’s uncommon for the retailer to be in communities under 20,000

population, but SportChek took the plunge in 2010 and has been pleased with its results, says Holland.

Wetaskiwin’s business community also includes manufacturers with an international profile, like Supreme International Ltd.,which manufactures vertical livestock feed pro-cessors and ships them to markets as far away as New Zealand and Saudi Arabia. Another major employer, A.C. Dandy Products Ltd.,produces electrical equipment, including large units tailor-made for oilsands development.

Alan Greene, the executive director of the Wetaskiwin and District Chamber of Commerce, says new businesses seem to be doing well and have filled some of the newer space in places like the Alberta Inn and Suites project. As well, small businesses are keen to see the pending infrastructure overhaul.

Noted Greene: “We’re trying to get people to understand there’s more to Wetaskiwin than just auto dealerships.”

Wetaskiwin’s residential market has been fairly stable, with the average single-family home selling for around $232,000 in 2011 and condos not much further behind at $206,900, says Re/Max Wetaskiwin owner and broker Randy Plant.

Plant says the home market felt the ripple effect in 2006 and 2007, when people priced out of the south Edmonton, Leduc and Nisku markets made the move to Wetaskiwin. Those buyers included folks who were working in

the Leduc/Nisku area and also in or aroundWetaskiwin.

The 24-unit Windsor Park condo project is expected to drive up building-permit numbersthis fall, with units selling for $170,000 to$265,000, Plant notes.

Plant said lease costs provide some oppor-tunities for businesses locally, with newer highway commercial space going for $12 per square foot triple net, plus common costs.Older downtown retail space can be had for $7 to $8 per square foot.◆

Population 13,000 Annual building permits $21.2 millionAverage single family house $232,000Downtown retail lease rates $7-$8 per square foot

Edmonton

2

Leduc

Red Deer

Calgary

6

1614

Ponoka

✪WETASKIWIN

2624


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

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

VALERIEKING

Prime Highway Commercial Lots

Next to our New Hotel, Convention Centre

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

THE CITY OF

CAMROSETHE REGIONAL CENTRE OFEAST CENTRAL ALBERTA

Please Call Bob ChinnPH: 780-434-4700

Web: chinnproperty.com

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

CENTURY 21 A.L.L. STARS REALTY LTD

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

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

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

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

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

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

EDMONTON & AREA

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

Single and multi-family residential developments

Commercial, industrial and retail developments

Refinancing / acquisitions

Construction / land servicing

Bridge loans

Income producing properties

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

YOURADVANTAGEIN ALBERTA

FIRST CLASS HOTEL IN GREAT CITY •Asking: $27.5M, •Revenue is about $6M • Premium 176 guest rooms & suites around 1 acre

garden court yard •8 meeting rooms/Banquet facility • Lounge and leased out restaurant & spa on

5 ac. of land

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

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

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

land and 102,000 sq. ft. building.

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

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

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

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

employees, tourists and oil, gas & agriculture.

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

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

9 VLT's

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

TRUCK STOP & RETAIL SPACE IN CALGARY •Asking: $13.5M • Travel facility comprising 45,700 sq ft on a 16.6

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

including national brand name

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

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

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

MAXWELL SOUTH STAR REALTY • www.leechoonho.com

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

For More DetailsTel: 403-680-6130

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

LANDINVESTMENTS

AIRDRIE 77Airdrie, Alberta

• Judicial Listing• 77.44 acres of future light

industrial• Airdrie along 8th Street South

Sylvan Lake, Alberta• 1.42 acres of prime multi-family• Development Permit available

DISCOVERY PLAINSOlds, Alberta

• 131 acres - 6 phased mixed use• Great exposure to 50th Street and

Highway 2A

RETAILOPPORTUNITYTHE VILLAGE CENTRE

HERITAGE POINTCalgary, Alberta

• Tenanted restaurant unit• 3,289 square feet

Karen Barry*

[email protected]

www.barrycommercial.com Commercial Propertyshop Inc. Brokerage

*BROKER

INDUSTRIAL LANDw/BUILDING FOR SALE

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

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

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

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

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

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

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

Mary Yuen-Sears, RealtorSUTTON GROUP - CANWEST

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

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

SOLDSOLD

SOLD

LEAD1-800-661-6988

Advertisers get qualified calls from the

Western Investor


Val ToffoliPhone: 780-707-9395

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

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

Selling Edmontonsince 1987

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

West End Location. Needs some TLC & priced Accordingly!

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

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

WANTED: APARTMENT BUILDINGSHave Qualified Buyers Ready to Purchase!

Pam Gill(780) 455-4088

www.apartmentsinedmonton.com

sutton central commercial real estateAN INDEPENDENT MEMBER BROKER

For full Proformas, Call or [email protected]

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

Sutton Central Commercial

EDMONTONAPARTMENT PROPERTIES

6 SUITES, Cromdale ............................$550,00015 SUITES, NAIT ...............................$1,575,00015 SUITES, Downtown .....................$1,425,00020 SUITES Cromdale ........................ $1,960,00022 SUITES, Downtown .....................$2,420,00030 SUITES, Westend ........................$2,900,000NEWER WAREHOUSE, 1455 sq. ft. ......$369,000

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

POLARIS REALTY Commercial Realtor

INVESTMENT PROPERTIESFOR SALE!

15 UNIT APARTMENT, west end, all ones, many renos - 6.07 cap. Call for proforma

23 UNIT APARTMENT, University area, nice condition and 5.75 cap. Call for proforma

13,231 SF, 5 BAY RETAIL STRIP MALL in Leduc, AB. with solid long term tenants. 9 years old. NOI: $154,000 per annum. 7.35 cap at $2,095,000.

68 PAD MOBILE HOME PARK in High Level, AB fully serviced, paved roads, underground utilities, fenced and landscaped, bare land condo titles. MOTIVATED OWNER WILL CARRY 75% FINANCING FOR A QUALIFIED BUYER INTEREST FREE FOR UP TO 2 YEARS!!! MLS $1,250,000

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

years of commercial real estate experience to assist you!

INVESTOR READY!

780.841.1496 [email protected]

Private Investor looking to purchase Light Industrial / Commercial Properties or Buildings with Tenants in place.

Will consider any and all conditions.

WINDOW OF OPPORTUNITY!

Invest in land with development potential.

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

Calgary. Approximately 3/4 mile of shoreline. Gently

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

willing to lease [email protected]

1. Be a team player in achieving your buy/sell objectives

2. Facilitate provision of capital, when needed

3. Provide current investment opportunities.4. connecting you with serious commercial

real estate buyers/sellers

NOW AVAILABLE

INVESTMENTS CALGARY AREA

RE/MAX ACA REALTY

(403) [email protected] Realty

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

industrial complex

CARSTAIRS –priced to sell

64 seat restaurantnorth of Calgary

AIRDRIE

2500 sq. ft.

137 acresCrossfield

141 acres Crossfield

132 acres highway #2 frontage

279 acres

¾ acre

137 acres #2 highway frontage

East Balzac

BEISEKER

PRICED TO SELL

CAR WASH

320 acres

151 acres AirdriePRICED TO SELL

For more information on these and other properties

DON SACKETTcall

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

Sunset Harbour – Cape Cod style neigh-bourhood; featuring private boat launch, marina, paved streets, street lighting, fully serviced and architectural controls. Large lot at 0.403 acres.

RE/MAXWETASKIWIN

2 0 0 7780 352 9241

CALL RANDY PLANT 780 361 9215

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

Waterfront Pub & Detached Liquor Store

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

BC’s fastest growing super port city

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

PRUDENTIAL STERLING REALTY LTD.

For Lower Mainland Pub Opportunities call:

PUBS For Sale

RE/MAX real estate central alberta

OPPORTUNITIES AT SYLVAN LAKE,

ALBERTAAwesome Investment Opportunity Land and Building on Lakeshore

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

Priced to sell at $790,000

Call CARL STEPP cell: 403-358-9300

www.sylvanlakehouseguy.com


WANTED!I have clients with CASH

looking to purchase Shopping Centres,

Strip Malls and Gas Stations in Alberta!

Call SammyEMPIRE REAL ESTATE GROUP

780-906-6652

• Includes three parcels of land on three titles including a family residence perfect for an owner / operator

• Business exceeds $1,100,000 in sales annually

• Currently operated entirely by a manager and staff.

More information and financials are available to qualified parties

Visit www.cmaxgroup.ca. Call or Email today!

Excellent Retail OpportunityTurnkey Business with Property

Contact Clinton Alexander for Details • 780.914.4807www.cmaxgroup.ca • [email protected]

LAND & BUILDING ONLY

GREAT LOCATION/REVENUE

1.1 ACRE PAVED

LOT. 16,800 SQ.FT.

INCLUDING 2,000

SQ.FT. MEZ/OFFICE.

$1,175,000

REVENUE OPPORTUNITIES

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

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

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

RE/MAXCold Lake

2000

4-PLEX FULLY OCCUPIED

PRICE $519,000

Devon, AB - For Lease - 9600 sq.ft - New Building for 2012 Skylights, double signage, & entrances provided on both North & South side of the building. Lease Price: $16 sq.ft. T.N.

Judith Rimmer RE/MAX Commercial Direct 780 405-9333 or 780 429-1200 or T.Free 866-481-2950 [email protected]

Devon AB. - 3 Commercial Buildings: 3262 sq. ft; 2460 sq. ft. plus 1200 office building. Zoned C1. Price: $769,000

Wave Bldg. 14649 - 119 Ave Edmonton - 3 New Industrial Condo Units for Lease. Each Unit 1670 sq.ft plus 675 sq.ft. mezzanine. 12 x 14 overhead doors & 24' clear span ceilings. Lease Price: $12.85 sq.ft T.N.

Movie Equipment Manufacturing & Lease Company: Established since 1995 servicing Western Canada and N.W.T. www.rollinon.ca Price: $3.4 Million

Bonnyville/Ardmore AB. 139 Acres on Hwy with Town Water hook up availability. $2200 oil revenue lease; Price: $499,000

Cold Lake AB. 144 Acres on Corner of Hwy 892 & Hwy 55. Rezoning possible. Price: $2,520,000




Ken Shebib, CCIMMOB +1 780 863 7355

DIR +1 780 881 6297

[email protected]

26.99 ACRES OF INDUSTRIAL LAND

Fort McMurray, ABLocated on Hwy 69 close to the

planned airport terminal

COMING SOONFort McMurray, AB

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

and up. Close to airport.

KUUSAMO DEVELOPMENTSFort McMurray, AB

5 bays sold or leased, only 5 bays remain

145 MACMILLAN RD.Fort McMurray, AB

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

INDUSTRIAL BAYSFort McMurray, AB

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

7 ACRES LANDFort McMurray, AB

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

10020 BIGGS AVENUEFort McMurray, AB

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

20,000 SF RETAILFort McMurray, AB

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

exposure in a newer building

2 LOTS WITH LAND & BUILDINGSFort McMurray, AB

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

MacLennan Crescent 2.33 acres

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

INDUSTRIAL BAYS FOR SALE OR LEASE

Ready August 1, 2011 occupancyTaiga Nova Eco Industrial Park

Hotels

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

+1 780 420 1585www.colliers.com

Fort McMurray Opportunities

Land Opportunities

Retail Investment Opportunity

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

Fort PlazaFully leased to 5 tenants

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

Liquor, The Cash Store

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

Price $1,400,000

OUTBACK STEAKHOUSE BUILDING

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

Net income: $190,701/yearPrice: $2,300,000

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

2,512 sf freestanding building, strong Covenant Tenant,

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

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

Price: $3,500,000

CAMROSE LAKEFRONT LAND+/- 100 acres

Significant gravel deposit823,820 cubic meters of proven aggregate

reserves

Price: $1,000,000

RED DEER LAND404 acres of prime future residential land

8.9 kilometres of river frontage

Recently annexed into Red Deer City Limits

Price: $15,000,000

($37,134 per acre)

30,000 SF BUILDINGPonoka, AB

7 acres, Highway 2 exposure

24 ACRESRimbey, AB

Residential & commercial

development on Highway 53

NEWER RETAIL STRIP MALLEdmonton, AB

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

Multifamily Opportunity

FORT MCMURRAY AIRPORTFort McMurray, AB

Hotel development opportunity. New terminal. Call for details.

BEAVERLODGE MOTOR INNBeaverlodge, AB

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

2-12,000 SF BUILDINGSEdmonton, AB

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

Road and central Edmonton for sale

7,500 SF OFFICEEdmonton, AB

Whyte Avenue (82nd ave),

for sale or lease

Land & Building Opportunities

Perry GerelukDIR +1 780 969 [email protected]

Accelerating success.

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

15 UNITS PRICE REDUCEDEdmonton, AB

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

6 three bedroom suites

15 UNITS AVAILABLEEdmonton, AB

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

roof, assumable finance

21 UNITS NEW LISTINGEdmonton, AB

NAIT location, turnkey project,

upside via LRT expansion

www.colliersmn.com\edmontonapartments

14 UNITS SOLDEdmonton, AB

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

upside on rents

50 UNITS SOLDEdmonton, AB

All units above grade, large well

maintained units, fire upgrades

completed.

12 UNITS AVAILABLEEdmonton, AB

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

and windows, fully renovated, turnkey project

Amit GroverDIR +1 780 969 [email protected]

Jandip DeolDIR +1 780 969 [email protected]

FLAGGED HOTELEdmonton, AB

Full service hotel. 90 rooms.

Leased F&B. Asking $8,950,000

DAYS INNDawson Creek, BC

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

WEST COUNTRY INNDrayton Valley, AB

Limited service, 52 rooms, built in

2005. Asking $4,100,000

Mark SwaenepoelDIR +1 780 969 [email protected]

Rick ArgueDIR +1 780 969 [email protected]

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

Steven PearsonDIR +1 780 969 [email protected]

FOR

SALE Avison Young Real Estate Alberta Inc.

11212-124 Street, Edmonton Well located 7 unit apartmentWood-frame 1.5 Storey5 one-bdrm,1two-bdrm, 1 bachAsking $654,500 ($93,500/unit)

Cody [email protected]

Victoria [email protected]

For a free property valuation, contact the Edmonton Multi-Family Investment Sales Team:

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

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

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

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

www.property-solutions.ca

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

13,000 to 52,000

(Square Feet)

Fall201175% PENDING

EDMONTON LAND130 acres +/- zoned rural residential - 70% level grass & pasture, bal.

woodland grazing.Presently decommissioned game ranch, cadillac fencing & livestock

handling equip w/40x80 shop & living quarters. Could be livestock, cattle/horses/exotics or private estate situated on twinned highway 5 miles west of West Edmonton Mall. Airstrip presently being developed, super grass, fencing, privacy or develop to suit market.

For More Information Contact:

BOBCAT DEVELOPMENT780-722-4156

SORRY, YOUR AD IS MISSING...SORRY, YOUR AD IS MISSING...

COMMERCIAL REAL ESTATE, FRANCHISES & BUSINESS OPPORTUNITIES IN WESTERN CANADA

For advertising information call 604-669-8500 or 1-800-661-6988

toll free anywhere in Canada or the USA.


PROFIT FROM EDMONTON'S DOWNTOWN REVITALIZATION!

• High visibility Location• Over 11,000 s.f. usuable space• On 3 titled lots• Office and warehouse space

Only $685,000DON'T WAIT TOO LONG!

Call Gerald TostowarykTHE REALTY COMPANY

(780) 452-2700

COMMERCIAL (RE/MAX Excellence)

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

w w w.RemaxComm.ca

BUSINESS ONLY

Edmonton’s Business & Investment Specialists

Gas Station w/Convenience Store - South Edm. - $269,000RV & Truck Wash - South Edmonton. Business Only - $399,000

CALL AYAZ OR SAM AT 780.641.1320

INVESTMENTOffice/Medical Centre - Leduc. Fully leased. 8.2% CAP - $1.7MNisku Multi-Tenant Bldg - Room for upside - $1.79MSpruce Grove M/T Bldg - Seller motivated. Priced to sell - $1.6MRV Storage & Service - 8.87 ac w/7,362 SF buildings - $1.095MGeneral Store w/Property - Outside Edm. Over $1M revenue.

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


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

CALL MIKI O’REE AT 780.200.6454

INDUSTRIAL

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


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

www.LeducPlaza.com


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

***CERTAIN CONDITIONS APPLY***

CALL RAJAN NULLIAH 780.441.5419

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

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

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

CALL ALLY PIRMOHAMED AT 780.604.0302

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

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

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

CALL NEIL HORVATH 780.908.5630


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

CALL NEIL HORVATH 780.908.5630

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

CALL GREG STEELE AT 780.945.7800

Contact: Gordon Kern780 984 5049 or

email: [email protected] Banker Haida Realty Ltd. 780 986 4711

•Central Alberta, 132 ac. Zoned CX, In the Town of Ponoka,• Fronting Hwy 2A, easy access to QE 2, Alberta’s busiest

transportation corridor•Handy to Ponoka Industrial Airport offering CanPass Customs service•Adjacent Industrial and Commercial development•Close to new multi million dollar Ponoka Ag facility,• Includes secluded farm site with fully developed 2000 sf bungalow over-

looking the Battle River fl owing through subject property.•Offered @ $16,667/acre.

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

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

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

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

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


Glenn MooreAssociateC21 Advantage Commercial

Phone: 403-318-8085Email: [email protected]

OPPORTUNITY IS KNOCKINGIN RED DEER!

TENANTED BUILDINGBurnt Lake Industrial Park

• Investor/User Property• 3.01 Acres• 23,600 sf (11,800/5,000/6,800 sf)

$3.7 Million

INDUSTRIAL BAY(S)7439 49th Ave Crescent

• Zoned Industrial Business Services• Bay 11 (Tenanted - 1819 sf),

Bay 14 (Tenanted - 1825 sf) Bay 17 (Owner/User - 2439 sf)

Only $105 sq.ft.

Businesses/Commecial Real Estate For Sale

www.vralta.com 780.469.4769 VR Business Brokers

Gas Station, Car Wash – Land and Building Only for Sale. 3 Locations in Edmonton and surrounding areas available. Call for details. Financing Available. Truck Wash & Quick Lube, Hinton, AB – Business and Ppty for Sale. Great profits and income. Only 5 years old. Sales of over $850k. Asking $500k for business. Land & Building for $2MM Laundromat, Spruce Grove – Business and property for sale. Asking only $380k.

Commercial Real Estate Property with or without Businesses are available. Prices range from $400k to $5MM. Call for details and more information.

Our properties are leased and provides good income.

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

JERRY RACZKOWSKI780-932-2121 [email protected]

ROB REGAN 780-490-9324

[email protected]

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

MARKET YOUR REAL ESTATE PROJECTS TO

CHINESE INVESTORS AND/OR

JOINT VENTURES IN CANADA

Beijing, China Investments Real Estate Show

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

Strip Mall For Sale In Edmonton

Fully leased 13,600 sq ft 65%Medical tenant all long term 15 to 20 yrs. Asking $3.5M

RAJIV SETHCENTURY 21 SIGNATURE REALTY

780-990-9799

ALBERTA DEVELOPMENT OPPORTUNITIES

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

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

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

BRIAN [email protected]

STEVEN BUTT403-802-6767

[email protected]

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

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

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

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

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

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

FOR MORE INFORMATION:

SELLSelling your business? Western

Investor Business Opportunity pages are organized geographically so read-ers can find the opportunity they want.

BUY

604-669-85001-800-661-6988

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

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

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com Alberta/Saskatchewan B29

Airdrie tops 40,000 residents Alberta’s fastest-growing suburban com-

munity recorded strong growth again in the past year.

In fact, Airdrie’s growth rate topped 8.3 per cent from 2010 to 2011, according to the City of Airdire’s recent census.

Airdrie grew by 3,333 residents, allowing the city to top 40,000 for the first time and reach a new population of 43,155.

“Attracting new residents certainly show-cases Airdrie’s attractiveness to new residents and businesses alike,” said Airdrie Mayor Peter Brown. “The census number also reflects the very real understanding that with substantial growth brings many opportunities and challenges.”

While city officials say the new head count will increase provincial grants to the city by over $1 million annually, the community con-tinues to struggle with a lack of capacity in its school system.

Airdrie continues to be a choice for residents willing to commute to Calgary, but industrial and commercial development in both Airdrie and surrounding Rocky View County means many of the city’s new resi-dents can also find work close to home.

Calgary building pace picks up Building activity is rebounding nicely in

Calgary these days, with Alberta’s larg-est city releasing figures that put new con-struction values up 44 per cent for the first seven months of 2011.

As of the end of July, Calgary had approved new building permits for about $2.7 billion, compared with about $1.8 billion for the same period in 2010.

Perhaps more significantly, the city’s permit

values for July were ahead of both the five-year average and 10-year average. The latter includes numbers from the boom years of 2006 and 2007.

Canada Mortgage and Housing Corp. is crediting an increase in interprovincial migra-tion to Calgary due to rising oil prices and employment opportunities for the increased demand for new housing.

According to the city, July’s building permit values of $328 million were up 15 per cent from the 10-year average of $284 million.

“The residential increase for July build-ing permits goes across all sectors: single family, garage, two family, apartment and townhouses,” noted David Watson, Calgary’s general manager of planning, development and assessment.

In the non-residential categories, values were highest in the commercial sector, but there was a marked decrease in the govern-ment and institutional sectors for new con-struction.

July’s numbers included three apartment/condo complexes worth a combined $51 mil-lion, as well as two warehouses valued at a combined $28 million.

Building in Edmonton in 2011 hasn’t quite kept pace with 2010. Permit totals for the first seven months of this year in the Alberta capital hit $1.72 billion, down about 6 per cent from 2010, when Edmonton was in a rare race with Calgary for new building activity.

Industrial market tightens in capitalWhile Edmonton’s building permit

totals may be down slightly from 2010, there’s still demand for building space, particularly in the industrial sec-tor, where Colliers International recently reported lower vacancy rates for the overall Edmonton area market and most of its eight sub-markets.

According to the latest industrial market update for Edmonton from the property giant, the overall vacancy rate fell to 3.38 per cent at the end of the second quarter of 2011, down from 3.49 per cent at the end of the first quarter and 4.27 per cent from a year

It appears the land crises in Fort McMurray could ease in the coming years, thanks to a

memorandum of understanding between the Regional Municipality of Wood Buffalo and the Alberta government.

Wood Buffalo, the municipality that contains Canada’s most prominent oilsands boom town, is hopeful the deal will allow room for Fort McMurray to double in population.

It says the deal will give the municipality jurisdiction over sufficient land “to undertake residential, commercial and industrial develop-ment for up to 200,000 residents.”

“I am pleased that, through the Urban Development Sub-Region, we are positioned to meet the needs and demands of Wood Buffalo’s population for decades to come,” said Wood Buffalo Mayor Melissa Blake. “Never before has Wood Buffalo had such a close, respectful relationship with the provincial government.”

The implementation will give the municipality the ability to build new residential neigh-bourhoods, accommodate new retail shops and services and support growth of secondary industries to diversify the local economy, according to Wood Buffalo officials.

Over time, the deal is also expected to bring stability to the housing market, “reducing the disparity between the cost of a home in Fort McMurray and a similar home in other parts of Alberta.” Currently, a typical detached house in Fort Mac sells for more than $600,000.

The land transfer is expected to complete by the end of October.Land availability has long been an issue in the oilsands capital.The province announced back in March that it had sold 980 acres of land in the Fort

McMurray area to Pacific Investments and Development Ltd. for $35 million. The deal was trumpeted at the time by Infrastructure Minister Ray Danyluk as one that would address the critical need for industrial/commercial land in the area.

Accompanying the latest memorandum of understanding was the province’s release of the updated draft plan for the entire Lower Athabasca Region, which includes Bonnyville and Cold Lake.

Fort McMurray now has room for 200,000 more people.

Phot

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egio

nal M

unic

ipal

ity

of W

ood

Buff

alo

ago.Only in Leduc-Nisku did the vacancy rate

jump significantly, but that was offset by a tightening market in central and southeast Edmonton, according to Colliers.

The asking price for space ranged from a low of $6.95 per square foot for large spaces in northwest Edmonton to a high of $15 per square foot in new construction in Sherwood Park, east of the city.

Industrial demand in Edmonton is typically driven by the oilpatch, and with the price

of a barrel of oil hovering at close to US$90, Edmonton’s industrial market may tighten up further.

Notable land sales saw prices ranging from $300,000 to $652,660 per acre. The latter price was for 8.95 acres on the west side of Edmonton.

Building sales produced per-square-foot prices from $76.31 to $207.56. The high-end price was paid for a $28.75 million building in the southeast by PIRET Holdings Inc.◆

– Compiled by David Husdal

Call Now For Details

LINDA BOXALL306.536.1489

Website: www.lindaboxall.com

ADAM NIESNERREALTY (1991) LTDCommercial PropertiesRegina Area

REGINA BEACHYear Round Resort CommunityTurn key Pizza Restaurant, fully

equipped and operating $289,900

SHERWOOD INDUSTRIAL PARKClose to Evras Steel Plant. Phase 2

- industrial park. 2 - 4 acre lots

GLOBAL TRANSPORTATION HUBFuture development land

located around the Hub and on Pinkie Road

SubscribeOVER $2.5 BILLION WORTH OF INVESTMENT OPPORTUNITIES EVERY MONTH

FIRST CLASS DELIVERY

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$42 could make you millions!

FAX BACK TO 604-669-2154OR CALL 1-800-661-6988

Name

Title

Company

Address

City Prov Postal code

Phone Fax E-mail

Credit Card No. Expiry Signature

BUSINESS & LAND FOR SALE

Maple Creek, SKFurniture store, established,

profitable 11 years in business. Fantastic

reputation. Located in Historic building.

Call 306.662.3612www.weswoodopportunity.com

Call Christine at the

marketing your franchise?

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

B30 Saskatchewan www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR

For more information, please contact the City of Saskatoon Land Branch either in person

at 201 3rd Avenue North, Saskatoon, SK S7H 2H7, by phone at (306) 975-3278 or, e-mail at [email protected]. Packages can also be downloaded from the City of Saskatoon website at www.saskatoon.ca (look under ‘L’ for Land for Sale).

Saskatoon Commercial/Residential Mixed Use Land For Sale by

REQUEST FOR PROPOSAL1.48 acres of land located in the centre

of the Willowgrove Neighbourhood

SITEFORRFP

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com B31REGIONAL ROUNDUP Grants, low-cost loans for developers and tax holidays make Moose Jaw a draw

Please see Jobs page B32

FRANK O’BRIEN

WESTERN INVESTOR

en-thousand-dollar grants to first-time homebuyers; $50,000 grants for landlords building new rentals;

low-cost developer financing; and property tax holidays for job-generating businesses.

The real estate incentives are generous in Moose Jaw, and perhaps overdone in this fast-growing city that characterizes the economic muscle of south-central Saskatchewan.

The civic incentives, most set up a few years ago when economic clouds were gather-ing, remain in place despite one of the lowest employment rates in the country and a huge demand for commercial, industrial and residen-tial properties.

“We’d like to make sure investors know about these incentives,” said Deb Thorn,economic development officer for the City of Moose Jaw, a city of 36,000 residents 75 kilo-metres west of Regina. Thorn said the city was quick to partner with the province on various stimulus programs meant to draw developers and workers to the city. Other incentives are home grown and relate to the fact that Moose Jaw has among the lowest residential vacancy rates in the country.

Examples of some of the jaw-drop-ping incentives in Moose Jaw include: • grants of up to $10,000 to first-time homebuy-ers with annual incomes of less than $52,000 who purchase a new home (usually a condominium); • a rental construction incentive that can pro-vide a developer with a grant of up to $50,000 if it agrees to build at least five rental suites. A total of 60 units are being funded, on a first-come, first-serve basis, with an empha-sis on two-bedroom units. According to Canada Mortgage and Housing Corp. ,the rental vacancy rate in Moose Jaw for two-bedroom apartments is near zero;

• loan assistance for up to $1 million of residen-tial project costs. Saskatoon-based Westcap Management Ltd., a finance sector of the Saskatchewan government, oversees this plan. Under its Headstart for Homes initiative, build-ers and developers are eligible for loans of 90 per cent of the construction cost of new homes, including land, at an interest rate of 4 per cent. The main requirement: the new homes must be priced at or lower than the average resale home price, which in Moose Jaw is around $200,000; • the civic LOTS program that provides a 100 per cent tax exemption on property for the first year for commercial-building own-ers who create a residential rental suite, a move aimed at creating lively, mixed-used projects in the downtown area; and • a five-year tax holiday for any new business

that creates jobs for at least 60 workers.

And, perhaps the greatest incentive: the larg-est fully serviced and fully paved new indus-trial park in south Saskatchewan, the 30-acre Grayson Industrial Park, where city-owned acre lots start at around $150,000. In all, Moose Jaw has more than 200 acres zoned for indus-trial and commercial development.

It is not that Moose Jaw – one of Canada’s top entrepreneurial cities according to the Financial Post – appears to need any help in attracting residents or investors. Halfway between Calgary and Winnipeg on the Trans-Canada Highway and just an hour from Regina, Moose Jaw is the heart of the largest economic region in Saskatchewan. Moose Jaw is also

on the north-south traffic and rail route for Regina’s giant Global Transportation Hub, which feeds material to and from the U.S. bor-der.

About one-quarter of the province’s popula-tion lives in the Moose Jaw-Regina corridor,which has one of the lowest-cost environmentsfor industrial investment in North America, according to KPMG.

Major industrial employers include MosaicCo., Canadian Salt Co., Terra Grain Fuelsand Yara Belle Plain Inc. Just north of MooseJaw, German fertilizer giant K+S Group isplanning a $1.4 billion potash mine that will

(TOP) Moose Jaw is offering tax breaks and grants to developers and homebuy-

ers, though the city appears to be boom-ing. (LEFT) New $62 million Mosaic

Place in Moose Jaw opened this summer with an ice rink and curling sheets.

Phot

os: Ci

ty o

f M

oose

Jaw

How did Moose Jaw get its name? It’s not an easy one to answer. In fact,

there are no less than three prevailing theories.

The first theory is that it is a short form of a First Nations word, “Moosoochapiskanissippi,” meaning “the river shaped like the jaw of a moose,” referring to the bend in the Moose Jaw River.

The second says that the name is a short form of another First Nations word, “Moosoochapiskun,” which trans-lates as “the place where the white man mended his cart with the jawbone of the moose.”

The third theory, and the one most subscribed to, is that the name comes from a Cree word, “Moosegaw,” which means “warm breezes.”

Whatever the facts of the matter are, one thing is clear. Moose Jaw truly is a city as unique as its name.

– Tourism Moose Jaw

SASKATOONAPARTMENTS

Ajit Matharu306-581-3130

Email: [email protected]

HOMELIFE CRAWFORD REALTYwww.DreamTeamSK.com

GREAT IMMIGRANT FAMILY OPPORTUNITY! • 24 UNIT MOTEL - w/ INTERIOR HALLWAYS

& OWN ENTRANCE FROM FRONT DOOR • NEAR NATIONAL PARK - HOTEL, OFFSALE,

RESTAURANT, POOL, - OWNERS RETIRING!

•MANITOBA HIWAY LOCATION •ASKING $750,000 •ON "LOOPNET"MOTELS - BONNEYVILLE, AB: Great Oil Town! 24 units + Manager's suite. Asking $1.2MMOTELS - COMING SOON! Call Us Today, 3 Units in SASK. WATCH FOR THEM HERE!3.25 ACRES - Industrial lot - $499,000. Motivated Seller!BUILDING IN REGINA, SK 1759 Halifax - 2 Storeys, 5550 sq ft - $424,000FORT QU'APPELLE, SK - 120 & 102 Broadway Street. Total 9,860 sq. ft. Buy as a package. Multi tenant Income producing! Asking Price is $165,000 and $275,000WAREHOUSE/CONDO BAY - FOR SALE: New construction, Starting $295,500 - 1500 sq. ft. +.GRAVELBOURG - 19 room Bed & Breakfast. - REDUCED - $199,900. On 2.39 acres - REDUCED - $149,900!INDIAN HEAD - 8 Unit apartment - $250,000. CONDITIONAL SALE!BRANDON: 62 rooms, REDUCED $2.9MWANTED: Apartments Strip Malls, Hotels/Motels, Parking Lots. ALL LOCATIONS

PRAIRIE DEALS A. A. C. I.

Position AvailableIn Regina, Saskatchewan

leading property appraisal firm Has opening for two qualified

individuals

Reply in confidence to:Crown Real Estate Appraisals 2350 Second Avenue Regina, Sask. S4R 1A6 Attention: Gary Cossette [email protected]

APPRAISER WANTED

Makwa River

Fowler Lake

Invest, Play or Develop...Saskatchewan Lake & River Front Property

4104 - 50th Avenue, Lloydminster, AB/SKOffice: 780-875-9159 Fax: 780-875-5958Website: www.musgraveagencies.com

MUSGRAVE AGENCIES LTD.

Starting @ Only $160,000/quarter

Two parcels are nestled between Fowler Lake and 38,000 acres of Bronson Lake Public Recreational Forest. Three parcels encompass the Makwa River boasting onsite fishing and hunting with adjacent Lakes.

Recreational boating, wakeboard, Sea Doo, big game hunting (bear, moose, elk, white/mule deer), upland game birds, quad trails, snow-mobile trails and even golfing a short drive away! Just over an hour from Lloydminster, AB. MLS 44421, MLS 44422, MLS 44423, MLS 44424.

B32 Saskatchewan www.westerninvestor.com OCTOBER 2011 WESTERN INVESTOR

Acreages around Saskatoon - Call for infowww.SaskLand4Sale.com

Ed Bobiash Farm & Acreage Specialist

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

RE/MAX Saskatoon

GRAIN LAND INVESTMENT

OPPORTUNITIES25% DOWN BALANCE MORTGAGE (OAC)

Call today for your opportunity

Petrofka Bridge Orchard MLS® 410521 Beautiful acreage / progressive apple orchard located on the North Saskatchewan River 55 kms north of Saskatoon. $849,900Shell Lake Gravel Land MLS® 399171 Land with gravel deposits 137 +/- acres $1,199,000SE Perimeter Investment MLS® 401141 Inside of new proposed perimeter hwy in Saskatoon 160 acres $2,200,000Koop Acreage #3/Hay Land MLS® 397743 60 acres north of Blackstrap Lake $99,900Neufeld Acreage MLS® 410654 Mature trees, 1220 sq ft bng, barn 3 car garage on 1.77 acres $279,900Colonsay Acreage MLS® 399553 5 bedroom 2 storey home on 160 acres. Pole shed and corrals $334,900Lot 8 Delaronde Bay MLS® 409456 Custom built log home. Four season retreat at Delaronde Lake $339,900Turtle Lake Tranquility MLS® 404411 Fractional ownership custom build log cabin, garage with loft $229,900

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

Web: www.royallepagelandmart.comLANDMART

Independently Owned and Operated

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

Business / Investment Opportunity • MOOSE JAW, SK

Prime commercial property located in west central Moose Jaw. 10,000 sq. ft. building with mezzanine floor and shop area. Well designed floor space, well maintained, paved parking. An outstanding multi use facility.

Excellent commercial property suitable for many types of businesses. 16 acres. Multi-purpose buildings. Service road frontage with easy access and good visibility from the TransCanada highway.

MENT

ICR Commercial Real Estateicrsaskatoon.com

FOR SALE1710 4th Avenue, Humboldt, SKLand Size: 216’ x 445’ = ±91,120 sq. ft. Building Size: ±27,812 sq. ft.Sale Price: $750,000Contact: Ken Kreutzwieser

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

FOR LEASEMATRIX BUSINESS PARK PHASE II3703 Millar Avenue, Saskatoon, SKAvailable units from 5,250 to 65,000 sq. ft. Competitive market rates Contact: Jayson Elenko

FOR SALE 701 - 45th Street, Saskatoon, SKLand Size: 321.5’ x 445.9’ = ±143,356.8 sq. ft. Building Size: ±89,817 sq. ft. Net Income: $673,627.50 AnnuallySale Price: $8,200,000 (8.2 Cap)Contact: Ken Kreutzwieser

“Saskatchewan’s largest commercial real estate company”

For more information contact:

ART INGLEBY(306) 359-9799

SASKATCHEWANREAL ESTATE SOLUTIONS!

See this property and more on our website!

www.avisonyoung.com

Development Land For SaleWeyburn, SK

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

Norland Realty

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

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

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

AWESOME SASKATCHEWAN!

Tim Hammond, BSA, P. Ag.

Owner - Brokerwww.TimHammond.ca

306.948.5052 Office306.948.9168 Cellular

[email protected] key business in the busy community of Langenburg, SK. located on the Yellowhead Hwy close to major Potash expansion. 8,300 sq ft includes 6 lane bowling alley with licensed 56 seat restaurant & 64 seat meeting/lounge area. Building & equipment in excellent condition with many new upgrades. $350,000 MLS 409520 Call Guy Shepherd 306-434-8857 http://BowlingAlley.TimHammond.ca

A & D Foods, Perdue, SK $129,900 MLS 381333 Well established grocery store/liquor vendor located in Perdue (about 35 min. West of Saskatoon). Very clean & well maintained. Price includes: land, buildings, fixtures, & equipment. Inventory is extra and will be valued at cost upon completion (Typically $50K - $60K). Solid, consistent sales. Back currently used for office & storage but was once used for a residence.

Incredible Riverfront property near Outlook 77.4 acres of pristine Saskatchewan property with breath taking views from the rolling hills and the 1,072 metres of sandy shoreline along the South

Saskatchewan River. Comprised of sandy beaches, rolling hills, native grass, mature trees, valleys, and a multitude of magnificent views. It offers a truly incredible location to build your future dream home and Only 45 minutes from Saskatoon. $279,900 MLS® 395241. http://Riverfront.TimHammond.ca

Demaine Hotel close to Lake Diefenbaker. Business revenue lines incl: 36 seat restaurant, takeout pizza, 7 hotel rooms, licensed beverage room (96), & VLTs. Loyal cliental & seasonal traffic

generate phenomenal returns. Asking $399,900 Exclusive! http://Demaine.TimHammond.ca

from B31employ more than 200 workers. While the announcement is not yet official, locals say K+S already has workers and equipment on site.

This year, the Thunder Creek Pork Plantopened in Moose Jaw, hiring 200 local workers. There is currently a rush of both residential and commercial construction, which has all helped to drop unemployment in the region to 3.5 per cent, the third lowest in Canada.

Retail sales in Moose Jaw run around $712 mil-lion annually, 71 per cent above the national average. The vibrant retail scene includes bou-tique storefronts downtown, big-box retail on the fringe and the large Town N Country shop-ping mall.

A shortage of skilled workers is about the only threat to Moose Jaw, and one that is being eased by an average of 2,500 graduates every year from the SIAST Palliser campus, a tech-nical and trade college.

Graduates will be needed not only for the new potash mine and local manufacturers but also for the new Moose Jaw regional hospital, which is a $100 million state-of-the-industry facility.

Saskatchewan Health Minister Don McMorris said that construction will begin next year and will be completed by the end of 2015. The hospital will be the first large hos-pital in Canada using “lean design,” wherein

medical staff and services are pooled around the patient.

“Instead of the patient travelling from floor to floor or from one end of the building to the other, patient services are centred around the patient,” McMorris explained.

Moose Jaw’s home builders are getting ready for the looming influx of highly paid medi-cal professionals, and miners. An example is the new Iron Bridge Estates subdivision that is currently being developed by Iron Bridge Estates Inc.

“The city of Moose Jaw is absolutely ready for this type of [high-end] country-residential subdivision,” according to Brian Walz of Royal Lepage Landmark, which is handling sales.

Iron Bridge’s 91 lots range in size from 16,500 square feet to 48,500 square feet – three to four times the average lot size in Moose Jaw – and were all put in place at once. Some large houses are under construction, though land-scaping in the master-planned community is just being finished. The luxury, detached hous-es will be priced at up to $1 million in a city where the average resale house price is around $200,000.

The building permit stats show what is hap-pening: in the first six months of this year, 46 new homes were started, valued at $14.1 mil-lion, up from $12.4 million in the same period last year.

Total building permits, including non-resi-

dential, are averaging more than $1 million per month this year, with commercial and indus-trial construction accounting for $1.7 million in June alone according to the city’s building department. But the big news is the city’s newarena. In August the city opened the $62 mil-lion multiplex, Mosaic Place, which includesthe new home of the Moose Jaw Warriorshockey team as well as eight curling sheets.

The permit numbers give solid evidence toThorn’s statement: “Moose Jaw is open forbusiness.”◆

Population 36,000Average resale house price $200,000Acre of industrial land $150,000Unemployment rate 3.6 per cent Residential vacancy rate 1.3 per cent

Regina

SASKATCHEWAN

✪MOOSE JAW

MANITOBA

U.S.A.

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WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com Manitoba B33

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

INVESTOR OPPORTUNITYTwo newly built, fully tenanted retail bldgs.

10 year leases in place

National Tenant with over 250 locations

Two buildings totalling 20,080 square feet

15% ROI with existing financing

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

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

Realtor cooperation – 2%

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

ATEAH REALTY LTDMELODIE ATEAH BROKER/OWNER

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

DON'T MISS THESE MANITOBA MARVELS!

BEAR COUNTRY COTTAGES, 7 newly constructed luxurious 2 and 3 bedroom cabins designed to pamper couples, accommodate a family of eight or small groups. Each cabin has hot tub, steam showers, home theatre system w/ surround sound, a full kitchen. Site also includes a seasonal takeout pizza restaurant, children’s playground and offi ce. One hour drive north of Winnipeg on 35 acres of private forested land. $850,000.

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

Polo Park fills vacant space Nearly two years after losing one of its

biggest tenants, Polo Park Shopping Centre is full up.

The biggest mall in Winnipeg recently signed a lease agreement with Urban Planet, a clothing retailer geared toward young people, to move into the 22,000-square-foot space vacated by McNally Robinson Booksellers after it filed for bankruptcy pro-tection early in 2010.

Deborah Green, general manager of Polo Park, said it was difficult to find a retailer who was willing to move into the non-mall space in the basement. It was worth it, though, as now the mall has virtually 100 per cent occupancy.

Urban Planet plans to make the Polo Park store its flagship location, where it will offer “up-to-the-minute” fashion.

Green was able to put the welcome mat out for another high-profile tenant, too. Coach, a U.S.-based retailer of ritzy handbags, wallets and shoes, christened its first Winnipeg loca-tion this month.

Targeting women in the 30-to-50-year-old age group, Coach promotes itself as an “affordable luxury brand.”

“We can get men out of trouble,” joked Rebecca Marsh, district manager for its cen-tral Canada operations. “A happy wife means a happy life.”

Marsh said Coach chose Polo Park for its store because the mall has many other high-end retailers, such as Sephora and Apple.

Jets unveil new hockey uniform Only in Winnipeg could the unveiling of a

hockey sweater top the launch of a pro-vincial election on newspaper front pages

and television news broadcasts.The Winnipeg Jets revealed its long-await-

ed uniforms to the public in early September, as a quartet of players walked down the ramp of a Canadian Forces Hercules aircraft at 17 Wing’s Winnipeg hangar.

Wearing sweaters featuring the team’s air-force-inspired logo, the players, led by captain Andrew Ladd, were given a hero’s welcome by several hundred invited guests on the tarmac.

The reception was no surprise consider-ing the hockey buzz in Winnipeg gets louder every day as the October 9 home opener against the Montreal Canadiens gets ever closer.

The team has spent nearly $10 million upgrading the seven-year-old MTS Centre, where it will play its games this season. The renovations include new flooring and paint colour schemes throughout the building as well as the construction of concession areas in the upper bowl.

The team has also done its best to appease its fans who weren’t lucky enough to score seasons tickets – which sold out in a mat-ter of days in June – by launching a website where fans can exchange tickets at face value, thereby reducing the market for scalpers.

Will Telpay end use of cheques?A Winnipeg-based company is hoping to

make Manitoba the electronic bill pay-ing capital of Canada.

Bill Loewen, founder and chairman of Telpay, a provider of e-payment systems, says the cheque is on life support and could be eliminated entirely for both business and per-sonal transactions by 2020.

He says this is one of the rare times when consumers’ habits are leading those of busi-ness.

As soon as companies realize that writing paper cheques to pay suppliers and service providers is costing them both time and money, he’s confident they’ll move away from the centuries-old payment method.

E-payment systems typically cost 50 cents per transaction compared with $2 for paper

Winnipeg’s new football stadium is finally underway and appears to be worth the

wait.“This is going to be a world-class stadium. It

will blow a lot of North American stadiums out of the water,” said Mike Clynes, team project manager with Stuart Olson Dominion, which is overseeing construction of Winnipeg’s latest mega project.

Construction costs for the stadium, which has an inflatable roof, are projected at around $5,900 per seat, which Clynes said is lower than other stadiums built in North America over the past few years.

After years of wrangling between the Winnipeg Blue Bombers and three levels of gov-ernment, the team’s new 33,000-seat stadium is starting to take shape on the University of Manitoba (U of M) campus. The construction zone is a sea of workers and machinery and will remain that way until the $190 million project is completed next spring.

The focus is on making sure CFL fans experience good concessions, good seats and access to a reasonable number of washrooms.

But the stadium will also sport some technological features that will make the team’s current home seem prehistoric by comparison. Fans will be able to watch highlights and order food and beverages to their seats on their smartphones. They will also be able to use e-tickets to gain entry to the stadium, just like they do when travelling by airplane.

Football stadium under construction at U of M campus.

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cheques. The former can also be completed in 24 hours while the latter usually takes three to five days, Loewen said. There are 500 mil-lion cheques issued in Canada each year.

Aid promotes rural lawyers Two pillars of the legal community in

Manitoba have paired up to encourage would-be lawyers to work in smaller com-munities throughout the province.

The Law Society of Manitoba and the law school at the University of Manitoba (U of M) have launched a new pilot program enti-tled the Forgivable Loan Initiative.

The Law Society will provide up to $25,000 in annual living expenses for the duration of the students’ three-year law degree while tuition will be covered through bursary pro-

grams overseen by the U of M. Once they graduate, their total costs will be forgiven at a rate of 20 per cent annually for five years if they practice in a rural area.

“Fifty years ago, every small community had at least one or two lawyers in town. Now a lot of them don’t. [The towns] are having trouble attracting people out there to refresh the profession,” said Allan Fineblit, CEO of the law society.

He said research shows that the most likely law school graduates to agree to work in rural areas are those that came from those very communities.

If they fail to stick it out for the mini-mum five-year period, the students will have to pay back whatever percentage of their costs is outstanding.

The program kicked-off with one law student this fall and is expected to grow to four students next year.◆

– Compiled by Geoff Kirbyson

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spent $200,000 on a splash pad in Selkirk Park and replaced all of the playground equipment. It upgraded the playground equipment in Hydro Park, too, and augmented it with year-round fit-ness equipment for adults.

Selkirk has slowly amassed a top-notch group of national and international retailers – like Wal-Mart and Canadian Tire – over the past few years, many of which were brought to town by Shindico Realty.

Staples will join the group later this year when it opens a 15,200-square-foot store in the Selkirk Crossing power centre. Wal-Mart recently expanded its location into “super cen-tre” format.

John Pearson, a commercial broker with Shindico, said the company wouldn’t be spend-ing so much time, effort and money on Selkirk if it didn’t have tremendous confidence in the

f Selkirk is considering replacing its “Catfish Capital of the World” nick-name, it might want to consider “Mo.”

That’s because the widespread momentum generated in Manitoba’s sixth-largest city is picking up steam and showing no sign of slowing down. Anchored by government jobs – it has the largest mental-health facility in Manitoba – a steel mill and tourism, this cen-tre on the banks of the Red River draws both workers and visitors from Winnipeg, 22 kilo-metres away.

The small city of nearly 10,000 is also sitting on a $1 million budget surplus, despite spend-ing freely on civic improvements.

Construction on a new hospital is expected to begin this fall, a couple of hundred condo-minium units should be built within the next two years and new retailers such as Staplesand Rogers Communications have signed on to open up in town.

“Right now things are really rolling. It’s an exciting time to be here,” said Larry

Johannson, Selkirk’s mayor.

“It seems almost weekly that there is something new open-ing up. There’s a real buzz in Selkirk right now. Our people see the improvement and they’re excited about it. I’m hearing it daily.”

Not all the good news is above ground, either. Thanks to a $6.5 million grant from the federal government, Selkirk has doubled the size of its water-treatment plant and completed a storm sewer separation project, which should elimi-nate basement flooding.

“[Residents are] wondering why it wasn’t done 30 years ago,” Johannson said.

Not only is there capacity for future devel-opment, but the city could also sell water and waste services to neighbouring communities such as St. Andrews and St. Clements.

On the health, fitness and fun side, the city

SPOTLIGHT Selkirk flush with government paycheques, a budget surplus and big-time retailers

GEOFF KIRBYSON

WESTERN INVESTOR

city.“It’s the regional shopping hub for the trade

area. It has the only Safeway, Canadian Tire, Wal-Martand Staples [for miles around]. It has all of the chartered banks; no other centre in thetrading can say that. There’s a reason to comehere,” he said.

Selkirk has about 60,000 people in its trad-ing area.

Pearson said Shindico has some undevel-oped property where it would like to build ahome-improvement centre to round out theretail offering in the area.

The commercial boom isn’t trickling down to the local housing market, however, despite a general upturn in Manitoba home sales andprices. Albert Sheppard , a realtor at Frontier Realty, said house prices, at an average o f$200,000, are stable in Selkirk, but housesin nearby communities are appreciating in value.

He’s at a loss to explain the housing marketstagnation but he’s confident that the condi-tions are turning in its favour. He said the city is running out of room to build more houses sodecreasing supply should boost both demandand prices in the coming months and years.◆

Giant catfish greets visitors to downtown Selkirk, Manitoba.

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Population 9,500Average house price $200,000 Major employers Government, Gerdeau steel mill, retail servicesPotential Regional shopping and service centre

Family Opportunities!

Century-21 Westman.comBrandon, MB

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

MOTEL: 54 rooms, major reno's, Price $1,999,000

STORE: 2 Million in sales, newer building, new equipment. Price $1,099,000

MOTEL: 42 rooms, plus campground. Price $1,575,000

STORE: 1 Million in sales, well established. Price $329,000

MOTEL: 14 rooms, living quarters, sales $200,000. Price $449,000

HOTEL" 45 minutes from airport in Winnipeg. Price $329,000

WESTERN INVESTOR OCTOBER 2011 www.westerninvestor.com Franchises B35

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Existing Franchise Available – Golden, B.C.

Own Your Own Country

abc Country Restaurants has 40 years of family dining experience. If you like the idea of being up front in your own restaurant, backed by a strong corporate team, abc is the high profile brand for you. Our restaurants serving Country Comfort for Breakfast, Lunch, Dinner & Dessert - many with profitable meeting rooms - dot the BC and Alberta land-scape. We are looking for good franchisees and welcome your inquiry.

Call me today to own your own country!Gordon Beattie, President(604) 583-2919 local 22abc Country Restaurants Inc.15373 Fraser Hwy.Surrey, BC V3R 3P3email: [email protected]

CONNIE WOLBAUMFRANCHISE DEVELOPMENT MANAGER AB/SK

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

CHRIS FALLEDIRECTOR OF FRANCHISE DEVELOPMENT BC/MB

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

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

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

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

CruiseShipCenters opens in Ladner Expedia CruiseShipCenters of Richmond

has opened a new outlet in South Delta.Franchise owners Carole Petersen and Gina

Holvick started their first CruiseShipCenters in Richmond in 1992, which at the time was the sixth CruiseShipCenters franchise.

After a partnership with Expedia in 2005, the franchise expanded to more than 150 franchises across Canada and the United States.

News, views and updates on Canada’s franchise industry

B.C.-based Enviro Paving Corp., which takes the term “the rubber meets the

road” literally, is a franchise with possi-bilities.

Rubber paving is a cost-effective, time-saving and environmentally friendly alter-native to traditional concrete and asphalt paving, the company claims. Not only does the company pride itself on creating safer, more durable surfaces than rock-based alter-

Phot

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Before (L) and after (R) photos show paving with recycled rubber.

In 2010, Expedia CruiseShipCenters/ Richmond was honoured as the chain’s fran-chisee of the year.

Vancouver-based Expedia CruiseShipCenters is a full-service travel agency that can assist with any travel plans, with an emphasis on cruise ship vacations.

Worldwide, the cruise industry has had an annual passenger compound annual growth rate of 7.67 per cent from 1990 to 2011, according to Cruise Market Watch.

The initial franchise fee for an Expedia CruiseShipCenter franchise is from $3,995 to $43,000, plus a flat royalty fee and advertis-ing fee.

natives, it does so while using recycled crumb rubber – primarily from used car and truck tires. Anyone who has ever ran on a rubber track-and-field track will know what the company is talking about.

“There’s more than eight billion used tires in the world, and many of them just sit at land-fills,” said Kathy Ratchford, president and owner of four Enviro Paving franchises in B.C. “We have designed a glue that combines with

the rubber crumb to create a unique paving product.”

A mixer combines the glue and rubber crumbs and it is applied between one inch on asphalt or concrete to two inches on dirt or gravel, which gets compressed down with a roller. The durable surfaces come in a variety of colours and are seamless when applied.

To reinforce the franchise’s name, all the rub-ber used is from recycled tires, and the rubber paving can be recycled if ever uninstalled. The rubber surfaces are permeable, which allows rain water to go straight through to the earth below – eliminating the need for drainage or run-off routes, the company explains.

“We’re gearing up for the November Franchise Show in Vancouver,” Ratchford said. “We have between 80 to 100 opportunities across Canada for Enviro Paving franchises, and we’re looking at getting seven or eight more in B.C. imme-diately.” The Canadian company is seeking to open on Vancouver Island as well as various locations in the Lower Mainland, she said.

While most the company’s projects are resi-dential and small business, large projects have

been completed including an Enviro Paving contract at a major golf course in Metro Vancouver. Enviro Paving is partnered with the Professional Golf Association, and plans to be working on several more courses in the near future.

The Tire Stewardship of BC works closely with Enviro Paving on projects and a senior’s centre in Sicamous, B.C., is one of their partnered projects. A grant from the Tire Stewardship provided the rubber-surfaced out-door entryway, as well as a portion of a walk-way adjacent to the building, which Ratchford said is safer for seniors to walk on.

“The Tire Stewardship of BC requires that the rubber used must be from within the prov-ince for obtaining grants,” said Ratchford. “We’re currently working on obtaining our LEED [Leadership in Energy and Environmental Design] certification and want as much of our crumb rubber to be sourced locally [as pos-sible].”

An Enviro Paving franchise requires about $70,000 for the initial fee, plus $40,000 is required for tools, equipment and a cube van. “No related experience is needed, and train-ing is provided,“ Ratchford said. “If you can paint, you can pave it.”◆

Pizza app goes online Edmonton-based Pizza 73 is the first

Western Canadian pizza franchise to roll out an iPhone application that allows customers to order pizza through a free app download from Apple’s App Store. The app also includes the full Pizza 73 menu.

“Our strategy is to offer added convenience for customers and to attract a new customer base by offering a service that is unique to the industry,” said Pat Finelli, chief market-ing officer of Pizza 73. “[We also wanted] to reduce call centre costs and labour require-ments.”

“The iPhone platform is the first phase of our mobile strategy,” according to Finelli. “Our analytics show the greatest amount of clicks to our current website comes from iPhone customers.

“This new app will allow these customers an

easier more convenient way of ordering that is better suited on a mobile device,” he said.

The app also features app-only specials and gives customers a variety of payment options such as ordering via mobile or paying at their door.

“Innovation at Pizza 73 is part of our cul-ture, and one of the driving forces is customer convenience,” Finelli said. “We were the first to launch a one-phone number system.”

Pizza 73 is not a franchise but, rather each of its 72 locations is a 50/50 joint venture between an independent operating partner and Flying Pizza 73 Inc. A total investment of approximately $100,000 is required for a location.

Pizza 73 is currently looking for real estate as it expands in Western Canada. According to Finelli, the company is searching for opportu-nities in Edmonton, Calgary as well as towns across Western Canada with populations exceeding 20,000.◆

– Compiled by Kevan O’Brien


Western Investor October 2011 Section B

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