SOLD OUT

1956 East 13th Avenue Vancouver

Presently the only lakefront development opportunity in Vancouver

100% Funded

Total:$1,638,160.00

Offering Memorandum
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Description

The Location

The first rule of real estate investment is Location Location Location — and that applies regardless of whether you’re planning to live or invest in the home. Much of what makes The Trout Lake House a great investment opportunity is its highly desirable location in one of Vancouver’s most vibrant, livable communities — close to transit (an 11 minute walk to the Commercial-Broadway Skytrain station), a brand-new community centre, great restaurants and excellent coffee. Most importantly, this property’s location makes it something rare: it’s one of only 79 homes that back onto Trout Lake. There will never be more Trout Lake lots, meaning the land itself is increasingly valuable by virtue of the fact that it’s in such short supply.

Estimated Return, Explained

We estimate a 35%* return on this property. Here are the numbers to explain how we make this estimate.

Development Cost

$499
buildable sq ft

Cost Breakdown

Hard Cost373
Soft Cost94
Financial Cost32
Funded through
60% debt and 40% equity

Sell Price

$1,115
buildable sq ft

Return On Equity

35%
pre-tax

Annualized Rate

14%
pre-tax

Development Cost

$499
buildable sq ft

Cost Breakdown

Hard Cost373
Soft Cost94
Financial Cost32
Funded through 60% debt and 40% equity

Sell Price

$1,115
buildable sq ft

Return On Equity

35%
pre-tax

Annualized Rate

14%
pre-tax

Development Cost

$499
buildable sq ft

Cost Breakdown

Hard Cost373
Soft Cost94
Financial Cost32

Sell Price

$1,115
buildable sq ft
Funded through 60% debt and 40% equity

Return On Equity

35%
pre-tax

Annualized Rate

14%
pre-tax

Development Cost

$499
buildable sq ft

Cost Breakdown

Hard Cost373
Soft Cost94
Financial Cost32

Sell Price

$1,115
buildable sq ft

Return On Equity

35%
pre-tax

Annualized Rate

14%
pre-tax
Funded through
60% debt and 40% equity

FAQ

More FAQsHave a question? Email us
  • How will shareholders be paid?

    At the end of development, your shares will be redeemed in exchange for a pro-Rata payout of your share value. Prior to development, this property will be rented out, and shareholders will receive a portion of the rental income (minus property taxes, and insurance)

  • What is special about this opportunity?

    What’s exciting about this property is not so much the house that’s currently on it, but rather the significant potential for future development. This property qualifies for the City of Vancouver’s Character Retention Program, which means as long we retain the house’s character, we can make renovations that increase our Floor Space Ratio (FSR) from its current 55% to 85+%.

  • How do I get my investment out?

    If you’d like to sell your shares before property development has been completed, contact us at support@imbyx.com, and we will facilitate the re-selling of your shares.

Owners

Michael Stephenson & Stephen Jagger

Michael Stephenson and myself, Stephen Jagger along with our significant others Adam and Sarah will coordinate the development of the property to incorporate 3 units with the plan of selling all 3 of them as individual strata units.

Michael Stephenson and I have been business partners for 18 years. We have been involved in real estate and real estate technology for almost the entirety of that time. Our real estate projects and technologies have been involved in the development and/or sale of over a billion dollars worth of property.

About IMBY

IMBY is reinventing real estate investment. We’re a new platform that removes the financial and administrative barriers to real estate investment, making it possible for anyone to participate in today’s most lucrative type of investment — quickly, conveniently, and for as little as $1.

Meet The Team

* These projections are for illustrative purposes only, and do not guarantee any type of return.