Real Estate Crowdfunding Platform, addy, Opens to Quebec Residents; Launches 20th Investment Property Located in Montreal
addy Members across BC, Alberta, Ontario and Now Quebec Can Invest In A Boutique Hotel Located In Montreal, for as Little as $1
Vancouver, B.C. (February 4, 2022) — addy, a Vancouver-based proptech start-up that is breaking down barriers to real estate ownership, today announced that the 20th property dropping on the platform (a boutique hotel located in Montreal) will be open to investment from Quebec residents for the first time, alongside those in BC, Ontario and Alberta.
“We’ve been working on opening up our platform to Quebec for a while, which is why we’re very excited to enable residents to invest in our 20th property and first investment opportunity in Montreal – a boutique hotel located at 874 Sherbrooke St. East,” said Michael Stephenson, CEO of addy. “Now a qualified resident in Quebec, BC, Alberta and Ontario can join addy as a member, participate in our vibrant community, and invest in upcoming properties for an amount that fits their budget.”
Own a Piece of Montreal
874 Sherbrooke St. East, Montreal, QC is a boutique hotel, which currently consists of 18 rooms and one commercial unit. The plan for this property is to renovate all 18 rooms and convert the commercial unit into 5 additional rooms over an eight month period. This property will also feature the addy suite, a special room that addy members can reserve when visiting the city.
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How addy works
Investment decisions are made collectively by addy’s real estate acquisitions team, our investment committee and our Board of Directors. All opportunities go through our very rigorous due diligence process. Once identified, the property is broken out into investment increments valued at $1. For example, a $1M equity slice is divided up into 1M shares; and shares in the property are available to qualified members on addy’s platform. Investors can decide how much they want to invest.
addy Technology Corporation (“addy”) is a proptech company on a mission to enable every human to own property. The Company enables Canadians to invest in institutional-grade commercial real estate for as little as $1. addy was founded in 2018 by a team of real estate and technology entrepreneurs and is headquartered in Vancouver, BC. To learn more, visit: addyinvest.ca and join the @addyinvest community on Discord, Facebook, Twitter, YouTube, LinkedIn, TikTok, and Instagram. Tune in to The addy Podcast on iTunes and Spotify.