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150 Hughson St

150 Hughson St S Hamilton, ON

150 Hughson St is a 56-unit multifamily property with 5,000 sq/ft of commercial space. It offers the potential for rental increases and the opportunity to add additional rental units. The property is located in downtown Hamilton, near entertainment, a hospital, and GO public transit.

 

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dealer

1

3 Years

ISSUER

*Investments in this property are open to all residents in Canada above the age of the majority, excluding Quebec. The minimum investment on this property is $1. All transactions will require approval by the EMD on record, Equivesto Canada Inc, subject to suitability review and may be reduced.

The Plan

Our vision for 150 Hughson Street South is centered on executing our proven Value-Enhancement strategy aimed at making capital improvements to the building to give this property and community new life. The capital improvements are aimed at condo-style amenities for tenants, which include ensuite laundry, self-controlled heating & air conditioning, upgraded kitchens and open-concept living spaces.

These capital improvements aim to maximize rental income, lower operating costs, and enhance the property value for the Partnership’s investors and the community. This property presents a compelling opportunity characterized by a substantial gap to market rental income that allows us to elevate in-place rents from $957 to an average market rent of $2,205 per month, reflecting an impressive 135% increase in newly renovated units.

Acquired on June 19, 2024, with 8 vacant units, we hit the ground running with our renovation efforts. Our primary focus will be to optimize the property to enhance its appeal and profitability, ensuring it stands out in the market.

We will continue implementing targeted unit and amenity upgrades as we move forward, aligning the property with prospective tenants’ evolving expectations. Our commitment to enhancing both resident experience and investor returns remains steadfast as we unlock this asset’s full potential.

ways to Payout

  • Active Appreciation: The property will undergo a value-add program with the intent of enhancing the value of the property after completion. This includes renovating the residential units and upgrading areas of the building such as fire safety, roof, plumbing stacks, and a PTEC system

The Gram

The Reels

Location in Hamilton, ON

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About Neighbourhood

  • Historic Charm & Central Location: Corktown is one of Hamilton’s oldest neighborhoods, offering a mix of historical character and modern conveniences. It’s located near downtown, providing easy access to various urban amenities, cultural landmarks, and businesses.
  • High Walkability & Transit Accessibility: The area boasts a Walk Score of 99, meaning residents can easily access most services on foot. Additionally, it’s well-connected via public transit, including the nearby Hamilton GO Centre.
  • Recreational & Natural Spaces: Corktown is close to Hamilton’s scenic escarpment and multiple parks, including the nearby Durand Park. This makes it ideal for those who enjoy outdoor activities and nature.

 

 

The Issuer

Lankin Investments is a Canadian asset manager that supports private capital investors by providing expertise and infrastructure to invest in real estate strategies. The company manages $1 billion in assets, over 2,800 units, and 48 properties. With more than 15 years of experience, Lankin partners with over 2,500 investors. Their focus is on acquiring and revitalizing aging apartment stock, ensuring long-term viability.

Kyle Pulis

President & CEO

  • Co-founder and President of Lankin Investments.
  • Successfully launched and operated multiple real estate funds.
  • 15+ years of direct multi-family investment experience, deploying over $1B of real estate transactions.
  • Veteran of the Canadian Armed Forces Reserves.

Syl DeFrancesco, CPA CA

Chief Financial Officer

  • Responsible for the financial oversight and capital preservation of Lankin Investments.
  • 15+ years of leadership & management experience with multi-family residential and developments, including roles at Skyline Apartment REIT and Starlight Investments.
  • Chartered Professional Accountant with a proven track record of overseeing the financial performance of 20,000+ residential unit portfolios and participating in over $1B of real estate transactions.

Kyle Hulme, CPA CA

Chief Operating Officer

  • Responsible for driving the strong operational performance of the organization as it strives for growth.
  • 15+ years of real estate experience, with previous roles including Partner and National Real Estate Consulting Leader at BDO Canada LLP and Assistant Vice President at RioCan REIT.
  • Chartered Professional Accountant with a certification in Sustainable Business Strategy from Harvard Business School and is a Certified Brand Strategist.
  • Participated in over $1B of real estate transactions.

The Dealer

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.

Equivesto – Important Legal Notice and Disclosure:

Equivesto Canada Inc. is registered as an Exempt Market Dealer under applicable securities legislation in all Canadian provinces and territories, however, no securities regulatory authority has approved or expressed an opinion about the securities offered on this platform. By accessing this site and any pages thereof, you agree to be bound by its Terms of Use and Privacy Policy. Investing in crowdfunding and exempt market offerings has significant risk. Investors may not be able to resell quickly or at all. Exempt market securities may also receive limited ongoing issuer information. You should invest only if you are prepared not to receive any return on your investment and/or lose your investment in its entirety.

Please visit our Learning Centre for more information. You can contact Alex Morsink from Equivesto at support@equivesto.com.

Forward-Looking Statements

Some information contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “intention”, “will”, “may”, “can”, and similar expressions are intended to identify forward-looking statements. Although the issuer and/or dealer (as applicable) believe that the expectations reflected in such forward-looking statements and/or information with regard to a given investment opportunity are reasonable, undue reliance should not be placed on forward-looking statements since there can be no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Furthermore, the forward-looking statements contained in a news release are made as at the date of such news release and there is no undertaking that any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.