August 2017 – Investment Sales Activity

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ADDRESS/ LEGAL DESCRIPTIONASSET TYPEPURCHASERVENDORSALES DATESALE PRICELOT SIZEPRICE/SF LANDBUILDING SIZE (if applicable)PRICE/SF BUILDINGFSRPRICE/BUILDABLE (If applicable)PRICE/UNIT (if applicable)CAP RATENET INCOME (if applicable)BROKERAGEADDITIONAL COMMENTSLocationASSET TYPEMARKET SHARE Y/N
721 ALDEBURY STPRINTING & PUBLISHING INDUSTRY721 ALDEBURY HOLDINGS LTD.ALDEBURY HOLDINGS LTD.8/1/2017$1,250,000 12,766$97.929,152$136.58Devencore6,080 sf main floor with 3,072 second floor. Township of EsquimaltIndustrialY
1-15 CADILLAC AVECOMMERCIAL STRATA-LOT0821648 B.C. LTD.0454963 B.C. LTD.8/4/2017$725,000 1,997$363.04REMAXSaanich, District of(SD 61)OfficeY
2219 OAK BAY AVEBANKOAK BAY AVENUE HOLDINGS LTD.RIOCAN HOLDINGS INC.8/3/2017$3,000,000 4,500$666.673,605$832.183.83%$114,770 Form RealtyBMOOak Bay, District ofRetailY
540 MARSETT PLGOLF COURSES (INCLUDES PUBLIC & PRIVATE)1122590 B.C. LTD.ROYAL OAK GOLF CLUB LTD.8/3/2017$3,500,000 1,181,783$2.96ColliersRoyal Oak Golf ClubSaanich, District of(SD 63)OtherY
1225 DOUGLAS STBANKDOUGLAS STREET HOLDINGS LTD.RIOCAN HOLDINGS INC.8/3/2017$11,809,000 10,800$1,093.43 25,133$469.864.00%$472,293 Form RealtyBMOVictoria, City ofRetailY
592 LEDSHAM RDNEIGHBOURHOOD PUB1125906 B.C. LTD.COUNTRY ROSE PUB (1985) LTD.8/14/2017$1,280,00015,387$83.19Country Rose Pub. Bought by Kirk Stowell, Hollis Turbine, Joe Cunliffe, and Sheena Lind, they plan on re-inventing the pub and bringing it back to life.Colwood, City ofOtherY
303 GOLDSTREAM AVESTORE(S) AND SERVICE COMMERCIALMACROHARD ENTERPRISES LTD.689040 B.C. LTD.8/14/2017$1,792,000 9,148$195.896,420$279.13Academy of ExcellenceColwood, City ofRetailY
1302 FINLAYSON STSTORE(S) AND SERVICE COMMERCIALFISHER, PAUL STEPHENWELCH, GAVIN ROBERTS8/15/2017$799,400 6,000$133.23Victoria, City ofOtherY
1255 GRANT STMULTI-FAMILY (APARTMENT BLOCK)HWP 1255 GRANT STREET LTD.JENNY HOLDINGS LTD.8/16/2017$3,880,000 16,206$239.42$155,200 3.35%$130,000 Sutton Group25 units. 13 one bedrooms, 12 bachelors. 19 surface parking stalls Victoria, City ofMultifamilyY
1054 PRINCESS AVEMULTI-FAMILY (CONVERSION)PHOENIX M.E.L. INVESTMENTS LTD.ZEGALSKI, CORDIE8/18/2017$995,000 7,800$127.563,885$256.11$110,555.56 4.68%$46,561 9 suites. 6 on the main floor, 3 on top floor. Victoria, City ofMultifamilyY
2181 HAULTAIN STMULTI-FAMILY (APARTMENT BLOCK)BASHA SALES CO. LTD.ASFAR, ALEXANDRE8/21/2017$8,450,000 26,462$319.3341,525$203.49$216,666.67 4.05%$342,530 JLL39 unit character apartment building near downtown Victoria. 13 one bedrooms, 23 two bedrooms, and 3 two bedrooms + Den.Oak Bay, District ofMultifamilyY
9716 THIRD STMULTI-FAMILY (VACANT)9716 THIRD STREET PROPERTIES LTD.9716 THIRD SIDNEY DEVELOPMENT LTD.8/28/2017$925,000 6,000$154.17$66.07REMAXC1 Downtown Commercial Zoned and FSR currently allows for a 14,000 sqft -18,000 sqft (approximately) building to be built.Sidney, Town ofLandY
117 SOUTH TURNER STMULTI-FAMILY (CONVERSION)GASS, ELIZABETH GIZELLAJEFFERS, JANET SUSANNE8/29/2017$1,540,000 5,600$275.003,592$428.73$385,000.00 3.56%$54,866 REMAXClassic James Bay revenue duplex and a rare find indeed. Meticulous owner residents have taken care of this 1897 character home just a short stroll from scenic oceanfront Dallas Road, Beacon Hill Park, downtown Victoria and the Inner Harbour. Heritage Designated. Victoria, City ofMultifamilyY
90 SAGHALIE RDMULTI-FAMILY (VACANT)ELEMENT LIFESTYLE (VIC HARBOUR WEST) INC.BAYVIEW PROPERTIES LTD.8/29/2017$6,700,000 85,465$78.391.8$43.79$43,225.81 155 units for seniours housingVictoria, City ofMultifamilyY
6825 VEYANESS RDSTORAGE & WAREHOUSING (CLOSED)RAMAR HOLDINGS LTD.SILVESTER GLASS (BC) LTD.8/31/2017$2,160,000 21,840$98.9010,770$200.565,74%$123,988 ColliersTenant purchaseing building. Rental Income of $123,987.60/ year. -This is the correct date ** Remove from July LandcorCentral Saanich, District ofIndustrialY
2710 SHELBOURNE STSTORE(S) AND LIVING QUARTERS1084196 B.C. LTD.MAYSMITH, JOHN CLIFFORD8/31/2017$740,000 5,079$145.701,977$374.30Victoria, City ofRetailY
2681 LEIGH RDVACANT IC&ISONGHEES NATION INVESTMENT CORPORATION1942086 ALBERTA LTD.8/31/2017$2,350,000 84,071$27.95ColliersArea "V" served by McCallum Road with the total parcel of 1.93 acres made up of two parcelsLangford, District ofLandY
950 ST. CHARLES STMULTI-FAMILY (CONVERSION)ROCKLAND CARE SERVICES LTD. RUSS, LINDA 8/31/2017$1,715,000 11,640$147.344,746$361.36$343,000 3.19%$54,700 Burr PropertiesRevenue 5-plex located in a desirable Rockland neighbourhood! This expansive home features five individual suites over three stories, with shared coin-laundry and parking for all. Built in 1906Victoria, City ofMultifamilyY
1510 CLIVE DRMULTI-FAMILY (APARTMENT BLOCK)1130913 B.C. LTD.J N DEVELOPMENT GROUP LTD.8/31/2017$9,185,000 12,000$765.425,590$1,643.11 $540,294.12 3.27%$300,108 DevonThe Clive. 17-unit rental apartment building. Cap Rate based on Net Income from 2016 ProformaOak Bay, District ofMultifamilyY