PRESENTED BY EQUIVESTO

2440 Albert

2440 Albert Street, Rockland, ON

A duplex which will be developed into a 16-unit multifamily rental building in Rockland, Ontario which utilizes Ontario Bill 23.

 

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dealer

Quarterly

7 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

The plan is broken down in three phases:

  1. First, the Issuer will develop the property which is estimated to take 18-24 months and convert into a conventional CMHC MLI Select financing after development, offering potential cash out opportunities.
  2. Phase 2 will see the Issuer manage the property on a 5 year horizon issuing disbursements based on cash flows. 
  3. Finally, within at the end of the 5 year horizon, Blair Capital will seek to liquidate the property and provide investors with returns based on their equity in the asset. Construction is slated to begin in early 2025.

ways to Payout

  • Cash Flow: At stabilization of the property, there will be quarterly distributions.
  • Active Appreciation: At completion of developing the property, the property will have appreciated value

The Gram

The Reels

Location in Rockland, ON

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About Neighbourhood

Ottawa is a historically safe and stable real estate market due to high salaries and anchor employers in the technology and public sectors. Rockland is still one of the fastest-growing municipalities in eastern Ontario, with an annual average of 175 new homes built in addition to over 25,000 square feet of commercial/industrial development. As of 2021, Statistics Canada pegged the average household income of Rockland at $106,000, whereas in Ottawa, it is $102,000, and in Toronto, it is $84,000. These higher income numbers mean rental rates are similar to urban Ottawa’s. With the cost of acquisition and labor lower in Rockland than in Ottawa, the economics of rental real estate development are highly favorable.

A recent economic study completed last year highlights the favorable economic tailwinds Rockland continues to enjoy:

The total population of Clarence-Rockland increased by an average of 372 or 1.8% from 2006 to 2016. Considering that an average annual population growth of 1% represents a growing and balanced economy, both areas’ past and future growth have exceeded this generally accepted growth standard.

Due to the development of many housing units of over $350,000 and the attraction of affluent families, including those from Ottawa, incomes in both areas have significantly increased recently. This is particularly important since the incomes of the adjacent City of Ottawa are often among the top three to five cities in Canada.

Another critical factor is the planned expansion of Highway 174. Its exact timing still needs to be determined; however, when completed, it will make access from the eastern parts of Ottawa to Rockland much easier, faster, and more convenient. Talks are currently underway between Ottawa and the Province. Similar to the expansion of Highway 7 for Carleton Place, Highway 174 is expected to be a significant economic growth catalyst for Rockland and ultimately add upward pressure to existing asset values.

The current rental market quality in the area is sub-par. Because Rockland is an older, established Franco-Ontarian community, there are several rentals in the community; however, much of the stock is in disrepair. Blair Capital has acquired some of the assets, including some neglected properties. By adding newer class B+ rental properties, Blair Capital will add more desirable and in-demand rental properties to the local housing mix. Finally, Rockland is still considered affordable compared to urban metros like Ottawa and, therefore, continues to attract younger professionals and families who are increasingly looking for rentals amidst high house prices.

 

 

 

The Issuer

Blair Capital is focused on the acquisition, development and management of income producing assets over an extended period of time (10 to 25 years). Blair Capital’s objective is to create and protect wealth for partners, their families, investors and enablers. Blair Capital does this through a buy, build, refinance, and hold strategy.

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.

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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.