Maple View Heights Tranche 3 in Mission, BC
This property is available for all Canadians!
Maple View Heights Tranche 3 is the latest offering from Stream Property Partners! Here is some information about the property:
The Plan: The intent is to proceed with the property’s ongoing development through fundraising and the subsequent completion of the development phase. Upon its finalization, the objective is to assume ownership and management of the structure, generating income from it, and subsequently introducing the stabilized asset to the market under advantageous conditions
Ways to Payout:
- Land is being developed into a rental building thus producing active appreciation. Rising rental rates in Mission are increase the potential for higher NOI when the building is fully occupied producing passive appreciation as well.
- Distributions from the building are estimated to be around 5% a year generated by rental income and to be distributed on a yearly basis
- Once financed via CMHC the property is expected to pay down the mortgage by approx. $200K per year.
Investors will earn additional LP Units equal to 10% on unit purchases for the first $250,000 of total investment. Once $250,000 of investment has been reached, investors will be given a 5% bonus units on investments until $500,000 in total investment has been reached. Bonus units will be awarded on a first come first served basis, based on completion of investment via the addy platform and approved by Equivesto Canada Inc. Bonus units will be rounded down to the nearest whole unit.
About the Neighbourhood
The City of Mission is located in the Central Fraser Valley along the north bank of the Fraser River approximately 70 km east of Vancouver and approximately 15 km north of Abbotsford. Maple Ridge borders Mission on the west, and Hatzic Lake and Hatzic Prairie on the east. The south is bounded by the Fraser River, and Stave Lake to the north. The subject property is located Downtown Mission, north of the Lougheed Highway and west of the Downtown commercial core. The immediate area comprises a mix of commercial retail, single and multi-family residential and industrial. Further to the east is the downtown commercial area improved with commercial retail and office buildings, single family residences and mixed-use retail/residential multiple family buildings.
To the east of the subject property is the Mission City Station the eastern terminus station on the West Coast Express commuter rail line connecting Vancouver to Mission. The Canadian Pacific Railway tracks are also just south of the subject property. Lougheed Highway connects with both 1st Avenue and North Railway Avenue which runs just south of the subject property. Lougheed Highway runs east/west and extends as far west as Vancouver through Mission and past Hope to the east. This is a major transportation highway for both passenger vehicles and trucks for the transportation of goods. The Cedar Valley Connector situated to the west of the subject, extends south turning into the Abbotsford-Mission Highway (Highway 11) through Abbotsford and connecting with the Trans-Canada Highway further south.
In Fall 2012, the District of Mission undertook an integrated planning process for the downtown that resulted in the Downtown Action Plan. This plan includes design and planning policies, priority capital investments, and tools and incentives for supporting existing businesses and attracting future downtown investment. According to the Downtown Action Plan, “The vision for Downtown Mission is premised on significant changes to the existing transportation infrastructure, most notably, the reconfiguration of the one-way couplet and the removal of the highway function from 1st Avenue – the District’s Retail High Street. This vision is further premised on capitalizing on the enormous opportunity associated with Mission City Station and commuter rail service between Vancouver and Downtown Mission. Downtown Mission is the heart of the community and a place for people to come together, gather and enjoy a strong sense of community. As such, the downtown must be a place for people first and vehicles second. The mobility system must balance and integrate the various (and sometimes competing) needs of pedestrians, cyclists, transit users, automobile users and the movement of goods to ensure that mobility adds to, instead of detracts from, the quality and vitality of the downtown.”
Directly west of the subject is a site proposed to be developed with a multifamily rental project.
Invest in B.C.:
Equivesto is on a journey to reimagine how private company investment and fundraising is done in Canada. They believe in a future where access to equity investments and opportunities are not limited by privilege or network. They look to design a tomorrow that is driven on community values and collaboration.
Investing in crowdfunding and exempt market offerings has significant risk. Investors may not be able to resell their securities quickly or at all and the securities may be subject to resale restrictions. These investment opportunities may result in the loss of all or most of your investment. You may receive limited ongoing information about a company or an investment made through Equivesto. Please be aware that investments offered by third-parties through this Equivesto operated offering are risky. You may receive limited ongoing information about a company or an investment made through Equivesto.
Purchasing these securities will be conducted by Equivesto Canada Inc. (Equivesto), an Exempt Market Dealer (EMD) in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, Yukon, North West Territories, Nunavut, Prince Edward Island, Nova Scotia, New Brunswick, and Newfoundland and Labrador (ND# 63820). Equivesto and Addy Portal Corporation (addy) have entered into an agreement, pursuant to which and subject to its terms, Equivesto shall act in the capacity of an EMD for distributions facilitated by addy. This portal is operated pursuant to that agreement.