Property Highlights
- Estimated 12.6% Internal Rate of Return (IRR)(details in section 2.2 of Offering Memorandum)
- 19 Buildings
- 95 Units
- Sits on two acres of land across two city blocks
- It is 99% occupied
- Units consist of 76 two-bed units and 19 one-bed units
You can review all of the due diligence done on the property within your account.
Estimated IRR Explained
We estimate a 12.6% Internal Rate of Return * on this property. Here are the key numbers to explain how me make this estimate.
Property Cost
$48M$291,000
Renovation Cost
$12.5M$76,000
45% debt and 55% equity
Sell Price
$97M$588,000
EQUITY RAISED
$33M$200,000
AVAILABLE FOR DISTRIBUTION
$63.75M$361,000
ESTIMATED INTERNAL RATE OF RETURN
12.6%Property Cost
$48M$291,000
Renovation Cost
$12.5M$76,000
Sell Price
$97M$588,000
EQUITY RAISED
$33M$200,000
AVAILABLE FOR DISTRIBUTION
$63.75M$361,000
ESTIMATED INTERNAL RATE OF RETURN
12.6%Property Cost
$48M$291,000
Renovation Cost
$12.5M$76,000
Sell Price
$97M$588,000
EQUITY RAISED
$33M$200,000
AVAILABLE FOR DISTRIBUTION
$63.75M$361,000
ESTIMATED INTERNAL RATE OF RETURN
12.6%Property Cost
$48M$291,000
Renovation Cost
$12.5M$76,000
Sell Price
$97M$588,000
45% debt and 55% equity
EQUITY RAISED
$33M$200,000
AVAILABLE FOR DISTRIBUTION
$63.75M$361,000
ESTIMATED INTERNAL RATE OF RETURN
12.6%Please note that the above reflects just the key numbers affecting our estimated return. For a more fulsome explanation please be sure to review our Offering Memorandum.
The estimated Internal Rate of Return constitutes “future-oriented financial information” or “financial outlooks” within the meaning of applicable Canadian securitieslaws. Such information reflects current expectations with respect to current events and is not a guarantee of future performance. Subscribers should notplace undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as withforward-looking information generally, are, without limitation, based on the assumptions and subject to the risks set out in Item 8 of the Offering Memorandum.
* Internal Rate of Return (IRR) is the average annual financial return of an investment over its investment lifetime, which in this case is estimated to be 5 years.
Testimonial
"The Toronto region, being the largest in Canada, is a strong investment candidate for addy. Couple this with investing in ground oriented rental buildings on the edge of a major metro area, which both are significant growth areas in real estate in 2020, makes this an attractive opportunity."
