Four bikes have been recovered from the break-in and theft at Cadence Cycle that occurred earlier this month.
Sometime between the evening of Saturday July 12 and the following morning, 14 high-end bikes, miscellaneous bicycle items, and cash were stolen from the till.
Const. Dean Hoogland called it the biggest bike heist he’s witnessed in his time on staff.
The owner of Cadence Cycle, Dean Eyre, referred to it as “national-level scale.”
On Thursday, July 17, a 17-year-old was arrested in connection to four of the thefts, after police received a tip from the public.
Various bicycle parts were also recovered.
The 17-year-old is a former employee of the shop, who was recently fired.
“He’s around town. I see him every day,” said Eyre.
The four bikes recovered including two Specialized Chambers, one Salsa bike and one NS Soda. The bikes are valued between $1,800 and $5,000.
The RCMP are continuing the investigation to recover the remaining 10 bikes.
The four bicycles that were recovered are now back in the shop. Eyre said they were recaptured almost immediately and sustained no damage.
Eyre encouraged the public to get in touch if they see any of the remaining bikes, which include four various sizes of Specialized Stump Jumpers, one Specialized P20 BMX, two Banshee bikes, four Rocky Mountain bikes, and one cadet BMX bike.
In total, more than $50,000 in bicycles, parts and cash were stolen.
Eyre opened the shop on the Monday following the theft with about one-third of his inventory missing.
The mid-season theft slowed down any potential sales for the small, privately owned store.
Eyre is hopeful the remaining bikes will be recovered, he said.
If they aren’t, insurance will be able to cover most of the cost but the store will lose any potential profit.
“Profit is what keeps the business alive,” said Eyre. “You lose profit and you’re going to go bankrupt pretty fast.”
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