80 - Friday, November 29, 1991 - North Shore News

REAL ESTATE

Commercial vacancy rates rose
dramatically in Eastern Canada

From page 59

rate averaged 4.6% in
Calgary, Edmonton and
Vancouver as a group, and
where land values fell only
slightly from their 1989/90
peaks. The situation was
quite different in the
heartiand industrial markets
of Ontario and Quebec.
Montreal’s industrial vacan-
cy rate rase from approxi-
mately 8.5% at the end of

1990 to an estimated 11%
by the end of 1991. In
Toronto, vacancy increased
from 9.4% to an estimated
12% over the same period.
Not surprisingly, land and
building selling prices and
industrial rental rates
declined as supply far
outstripped demand. Recov-
ery will be slow but will
benefit from virtually no
planned new construction,
Investment sales volumes

were also off and did not
recover quickly even as in-
terest rates fell four per-
centage points from their
peak. As the year pro-
gressed, however, vendors
accepted the reality of lower
values and sales activity in-
creased. Mondville expects
continued improvement in
1992, noting that ‘‘many
Canadian pension funds are
ready to expand their real
estate holdings.”

BILL CLARK
922-4083
986-9321

| Love
Antique Homes!!

If you appreciate solid wood floors, high ceilings
and family-sized kitchens,
Phone Me — | have 2 to show you in the

Grand Blvd. Area

Bill Clark 922-1083, $86-9321
MULTIPLE PLUS + MARKETING ©

“OWNERSINVESTORS
i Large 1 bdrm, over 700 sq.ft. Tenanted at $700
im per month.

-- -E YOURSELF
Large 1 bdrm. Monthly payment of $907 per
month. Terrific building. Cityiwater view.

A-P-ACRT-M-E-NT
BLO

©2%2 yrs. Oia only

® Lot

* Gross income $63,000 app.
© Net income $54,000 app.

¢ Fraser Valley area

® Try $150,000 down

¢ Asking $584,900.

MY TRACK RECORD

1987 — S-O-L-D — 44 units
1988 — S-O-L-D -- 62 units
1989 — S-O-L-D — &3 units
1990 — S-O-L-D — 27 units
1991 — S-O-L-D — 49 to date

@

Master:
Member

1am in touch — so you be in touch

Seas
-P-L-E-X
Stevels - view of cityhwater from upper level and
main level. Revenue $2,100 approx. per month.
Lot 50x120.

N
KN-O- CK OUT vA
Show me an excellent building which is
spacious, 2 bdrms./2 full baths/insuite laun-
dry, with city/water view. Secured parking.
127 East 4th St, Open Sat./Sun. 2:30-4:30.

a RICE R-E-D-U-C-E-D
TO $104,900

ALL OFFERS PRESENTED
1 bdrm., south-facing, bright, updated — includes
blinds. Try $5000 down.

Dt

|KARIN HAUSER
290-1030 Cell.

HOT PRICE NOW $389,000

986-7188

“BEST NESTEGG IN GROUSEWOODS”
Bring your family to 5636 Covey Place (off
Grousewoods Dr., North) and each member will
tind benefits for himself: Young and older kids will
love the play safe cul-de-sac, all will enjoy the
quiet and serene setting and sunny south ex-
posure, parents will be proud of the manicured
easy care landscaped grounds and street appeal,
elegant entrance and floor pian, room for
everyone with 5 big bedraoms, 3 full baths, 3 “liv-
ing rooms” with all iloor to ceiling fireplaces. It
could be the nicest way to accommodate “the
older folks" ... Come, see this home, and talk to
me, I'd love to help you in your real estate move.

WANTED BUILDING LOT FOR QUALIFIED PURCHASER

FIND THE BEST

A STEAL AT $479,000
WE CELEBRATE COMPLETION
AT 3907 BRAEMAR PL.!!!
«and the builder deserves ap-
plause: He chose the best lot in

this new prestigious area, his ar-

chitect did a breathtaking open
design to take advantage of the
sweeping views and the greenbelt
setting, there is room for any size
faraily with 4 big bedrooms and 3
baths up, 1000 sq.ft. semi-finished
in the daylight basement for further

development. .

3 BEDROOM TOWNHOUSE — CONTEMPORARY DESIGN
DEEP COVE — $215,000 — CALL KARIN.

ATTENTION INVESTORS!

If you have some money lowse, why not invest where the future is — in
p KELOWNA. \ soid this year over 40 condominiums there and have some prime F

a 986-9321 -  Suston group=

AN INDERENDENT MEMBER BROKER

gs ones to offer now. With the low interest rates and the high rents you can achieve §
| there, they make absolutely unbeatable investments.

»west,coast realty

986-9321 |

“SUTTON #1 ON THE NORTH SHORE
CONG RATULATIONS

The Nortn Shore's Performance
First Sales Team, Sutton Group -
West Coast Realty and Mr. B. Frank §
Stanhope, Manager, wishes to con- |
gratulate SHYAM HIRA for outstan-

ding achievement for being one of |
the TOP TEN PRODUCERS for the §
1991 year io date. Shyam has had

da consistent record of listing and
am) selling investment, commercial and

residentiai properties for the last 10
years. He will be happy to hear from

a you. Call 986-0654 (H.),

CREME DE ia CREME
¢ Brand new « NoGST. « 2 bdrms. ¢ 1071 sq.ft.
*7 appliances (incl. Jaundry) «2 baths
© #901-120 West 2nd, open Sat/Sun. 12:45 to
2:45. R-e-d-u-c-e-d to $247,500.

¢ Panoramic V-I-E-W of mountains « Terrific
| building. Oper Sat. 12:30 to 2:30.

686-4870 Pager).

VAST CHANCE
* Lot 50°x142.5' © 2 bdrnis. & part basement
* South-facing backyard. ¢ NV. Boulevard.
441 E. Keith Rd.

EEC.

ees py ae
8%2% FOR 2 YRS.
Financing on $100,000 © S-p-a-c-i-0-u-s 2 BDRM
* 142 bath © Insuite laundry © Fireplace * 2park- §
ing stalls availabie * 1057 Old Lillooet Rd. (Nr.
Coach House inn).