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Real Estate Consulting

Measuring your Commercial Property

In residential real estate room sizes are required, in commercial, it is less about room sizes and more about total square feet – and in leasing it is about useable and leasable area. If you haven’t already done so I strongly recommend having your space or property measured by one of a number of professional…

Landowners : have you heard of Part Lot Control ?

Part Lot Control gives municipalities control over the severance of land parcels. They also have mechanisms for removing Part Lot Control, which can be attractive for land owners, allowing them to make additional divisions. For example, see the City of Hamilton’s page on this : https://www.hamilton.ca/develop-property/planning-applications/part-lot-control

Endangered Species Act – the basics

I am representing a buyer of a parcel of raw industrial land in Hamilton and I included a condition that we are satisfied that there are no undue risks related to the Endangered Species Act. There are 2 main Acts – The Species at Risk Act (Federal) and the Endangered Species Act (Provincial). For interest…

Sale and Leaseback – better than outright sale?

We are seeing an increasing number of clients considering sale and leaseback, for many good reasons : A global manufacturer wanting to add a new production line costing $2million who owns their own building valued at $5.5million with significant equity tied up; A manufacturer who won a bid for a major supply contract but realized their working…

Repurposing a Specialty Property

I worked with a church group selling their property and given the size of the property, location and value of the land it seemed unlikely a church group was going to buy. Eventually, a non-profit community group was the successful buyer. Unfortunately the zoning in place at time of listing would have allowed the use, but…

Basics of Commercial Property Finance

As a licensed mortgage broker in Ontario I sometimes get involved in the financing of commercial properties. I usually do this as a convenience to my Martel clients rather than focus on financing as a main business line. Point 1 : Talk to your bank first. Most clients have an existing banking relationship with a…