This property sold out to 660+ Canadians!

Oliver United Apartments

511 Church Ave, Oliver, BC

This is your opportunity to participate in the ownership of a historic church that will be re-developed into an 8-unit multifamily building on Church Ave in Oliver BC.

The Plan: Convert it into an 8-unit apartment building. Develop six units in Phase 1 and two more in Phase 2. Once the property has been stabilized, refinance in year 6, returning investors their capital with the goal of a profit.

 

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Financial Return

PRIMARY RETURN

6

6 YEars

Issuer

*The key numbers to explain how the Issuer has made this estimate are available within your addy account. Investments in this property are restricted to British Columbia, Alberta, Ontario, and Saskatchewan residents. The investment limit on this property is $10,000. Any investment amount over $2,500 will still require approval by the EMD on record, Equivesto Canada, subject to suitability review and may be reduced.

**This is the day when the Issuer completes a distribution, or the property exits — aka cash earned from doing zero things, aka #passiveincome.

The Issuer

Cameron Rogers is a Fraser Valley based real estate developer of industrial/commercial, residential, and institutional developments. He has also created and developed real estate based businesses offering self storage, short term furnished rentals, and multi-temp public warehousing. Cameron grew up in the North Okanagan Valley and continues to have many connections there.

Cameron earned his Bachelor of Science in Business Administration from Washington Adventist University, Takoma Park, MD. He pursued additional real estate courses at Kwantlen Polytechnic University and labor law courses at Capilano University in BC. He was licensed and practiced as a real estate Broker/Manager in Missouri, passed the Property Management License course in British Columbia and passed the equivalent of the Real Estate Salesperson course in Maryland.

Cameron has extensive church, school and investment company board experience. Since 2020 he has also chaired an international mission society board. Cameron joined the Community Real Estate Investment Committee for addy during 2021.

Jeff Klam is an asset manager with extensive institutional real estate experience. Prior to joining Rogers Management Group, Jeff served for 5 years as CFO of a charity where he oversaw financial operations, CRA reporting, internal auditing, real estate, and risk management of 100 congregations across BC and Yukon, 13 schools, a large campground facility and a summer camp. Previously Jeff served in insurance, risk management and auditing roles for 165 churches, 34 schools, 3 preschools, campgrounds and related institutions across Northern California.

Jeff earned his MBA at Andrews University in Berrien Springs, MI and his Bachelor of Business Administration from Walla Walla University, College Place, WA.

Jeff has extensive board experience both as a member of many boards of directors and in C level reporting to charity boards.

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.

Property Updates

The Reel

the highlights ✨

  • The property is set to be completed with eight apartment units
  • The suite mix comprises:
    • Six one-bedroom and one-bathroom units
    • One two-bedroom and one-bathroom unit
    • One two-bedroom and two-bathroom unit
  • The building was originally constructed in 1930 and will undergo renovations in 2023, including updated plumbing, electrical systems, and heating and cooling
  • Currently, the building functions as a church
  • The foundation, roof, and exterior are all in good condition

Near the Property

About Neighbourhood

The Town of Oliver is located in the South Okanagan valley approximately 24 km north of the Canada-US border and is situated next to the Okanagan River by Tuc-el-nuit Lake between Osoyoos and Okanagan Falls. It lies at a distance of approximately 400km east of Vancouver, 800km southwest of Calgary, and 40km south of Penticton on BC Highway 97. The town is surrounded by the Regional District of Okanagan-Similkameen Area C and is the amenity center for the surrounding rural areas. The Osoyoos Indian Band controls about 32,000 acres of reserve land between Oliver and Osoyoos on the east side of the valley. The Subject’s neighbourhood is located just off of Main Street and is surrounded by a mixture of highway/downtown commercial and off-street residential dwellings. The neighbourhood is lower density in structure but is growing in density as a result of newer zoning bylaws. Some recent commercial and multi-family residential developments have occurred in the Subject’s neighbourhood in recent years

Location in Oliver

Click here to view location on Google Maps

About Real Estate Market

MLS listings recorded 140 residential units sold in 2022, down significantly from 208 in both 2020 and 2021 for the municipal area of Oliver. The average sale price was $580,775 in 2022, which was an increase of 31% over 2021. The average days to sell was 42 days in 2022, down from 52 days in 2021 and 106 days in 2020. BC Assessment reports that property value in the Town of Oliver has increased 10% from the 2022 assessment. The report shows that the median assessment value for single-family homes is $610,000 in 2023, up from $555,000 in the 2022 assessment.

How Do I Make Money?

You can make money in 2 ways:

  1. Sale of the Property: When the property is sold, any appreciation is paid back to investors in addition to their investment principal.
  2. Rental Income: When tenants pay rent, additional cash flow can be passed back to investors in the form of a distribution.

Details are outlined in the Offering Documents for each property.

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