For Accredited Investors Only
Urban Avenue Properties GP Inc. is pleased to present the opportunity to invest in a mixed-use re-development on Avenue Road (just north of Lawrence & south of Hwy 401), Toronto, Ontario. The property is a corner lot and has direct frontage onto Avenue Road.
As per the Avenue Road study for the area, the property is currently zoned but needs to go through committee of adjustment/minor variance along with site plan approval and building permit process - construct a five-storey mixed use building consisting of basement yoga studio, main floor restaurant and condos/apartments above. A land assembly play is also in the works where neighbouring lots will be purchased and rezoned (committee of adjustment) as a single larger lot. This lot will then be either sold or redeveloped.
To summarize, the following are three possible scenarios relating to this Offering:
1. Like Scenario: Current Plan – Rezone and construct above-mentioned building on single lot. Budget has been received from Gillam Group based on draft drawings and plan as provided by Paradigm architects. Final valuation has been done based on $psf sellable projected at around $1,000 psf based on evidence of other similar high end projects in the broader area around Avenue Road.
2. Optimal Scenario: Land Assembly – Royal LePage through Gary Singh is currently negotiating with adjacent property owners to formalize a potential land assembly. This would be a significant value enhancement and we project better returns in this case given much higher density and floor efficiencies which we will be able to value engineer.
3. Sub Optimal Scenario: Fixer-Upper – Although highly unlikely that we will pursue this plan, but the existing building can be improved and rents increased. One or two additional apartment floors can be added (wood framing) without any major demolition to the existing structure based on preliminary discussions with the Structural Engineer.
Note: There are certain other scenarios possible as well beyond these such as an outright sale of the property.
For detailed disclosure review, please see attached Risk Disclosure Document.
The Issuer has requested that any qualified prospective investor seeking additional information about the opportunity contact them directly, firstname.lastname@example.org, for more information
|ISSUER ||Urban Avenue Properties GP Inc.|
|ISSUE ||Limited Partnership Units (the "Units")|
|OFFERING SIZE ||$2,750,000|
|ISSUE PRICE ||$1 CAD per unit|
|MINIMUM INVESTMENT ||$10,000 CAD|
|INVESTOR ELIGIBILITY ||Accredited Investors Only|
|INVESTMENT TYPE ||Development LP|
|PREFERRED RETURN ||10% per annum (simple)|
|PROFIT SHARING ||60/40 residual profit split with 60% going to investors|
|PROJECTED RETURN ||17% per year|
|PROJECTED TERM ||48 months|
|INVESTMENT PROFILE ||Re-development|
|PROPERTY TYPE ||Mixed Use/Condo|
|REPORTING FREQUENCY ||Annual|
|EMD FEE STRUCTURE ||7% of raised investment amount|
|EXIT VALUE |
|LAND (INCL CLOSING COSTS)|
|Low ||Current ||High |
Urban Avenue Properties GP Inc. is a real estate development project focused on developing a boutique residential-commercial mixed-use property in the hyper urban corridor of Avenue Road in the Greater Toronto Area. The development group has years of experience and expertise in developing and upgrading institutional projects in Ontario.
Specifically, the development group has particular competency in pre-construction planning, financial deal structuring and conservative under-writing as a means of mitigating risk and increasing certainty of outcome for its projects.
The construction expert in Urban Avenue GP has played key roles in some of southern Ontario's most challenging projects, with project values exceeding $400 million. The finance lead in the development group has under-written commercial real estate deals aggregating over one billion dollars (CAD) over the last 16 years.
The development team has proven expertise in sourcing, planning, financing and developing complex real estate projects. The Greater Toronto Area has one of the most robust economies and population growth rates in all of North America. The City of Toronto has done multiple studies and put forward plans to improve the density, livability and vibrancy of many urban corridors and major arterial streets in the city. One of these corridors is Avenue Road. The subject site under this investment offering is a corner property situated on Avenue Road - right across the LCBO and a Loblaws grocery store.
Barrie Simcoe Campus, IPD
The Bishop Strachan School Transformation Project
University Heights Office Complex, Toronto
York University Bergeron Centre, Toronto
Toronto Zoo Wildlife Health Centre
As one of Toronto's up and coming redevelopment corridors, Avenue Road is experiencing increased activity in in-fill development projects between the 401 and Eglinton:
The following are some of the comparable projects in the area:
Stafford Boutique Condos:
Brookdale on Avenue Condos:
1914 Avenue Road:
1560 Avenue Road:
2100 Avenue Road:
Disclosure: R2 is a related company to Urban Avenue LP.