Highway 8, Stoney Creek
Highway 8, Stoney Creek, ON
LP Investment Opportunity
Property Highlights
-
- The two proposed apartment complexes are in an ideal location in the Stoney Creek neighborhood of Hamilton, and will contain ~265 units upon completion
- The current undersupplied housing climate provides robust and durable tailwinds for residential projects, particularly in regions such as Hamilton, which benefitted positively from the shift to work from home
- Pre-construction timeline of ~15 months with no obligation to participate in construction financing
- Short timeline represents a clear path to a 2.1x return following exit in 15 months
- Qualified interested parties who execute an NDA will be provided access to additional materials and a VDR
- We are only bringing awareness to the development opportunity.
Property Details
- Property Type: Multi-Residential
- Transaction Type: LP Investment Opportunity
Financial Summary
Investment Highlights
| Price | $0.00 |
| Price / Unit | $0.00 |
| Gross Rent Multiplier | 0.00 |
| Proposed Loan Amount | $0.00 |
| Initial Investment | $0.00 |
Income & Expenses
Income |
Potential |
Current |
Expense |
Potential |
Current |
Total Expenses |
$ 0.00 |
$ 0.00 |
| Net Operating Income | $0.00 | $0.00 |
| Less Debt Service | $0 | $0 |
| Potential Net Cash Flow | $0.00 | $0.00 |
| Cash on Cash Return | 0.00 % | 0.00 % |
| Capitalization Rate | 0.00 % | 0.00 % |
Rent Roll
Unit |
BR/BA |
Current Monthly Rent |
Potential Monthly Rent |
Status |
Lease Expires |
|
Totals |
$ 0.00 |
$ 0.00 |
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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.