Isaac on 9th

1336 – 1340 9th AVE SE, Calgary AB

Located at 1336 – 1340 9th Avenue SE in the community of Inglewood in Calgary, Alberta, the site looks to develop an 84 unit purpose built rental apartment with street front retail. The potential building will look to capture the essence of the historical Carson Block.

The Plan: Currently stabilized buildings will go through proposed zoning changes, permits and eventually into a six story building that will feature a selection of townhomes, studios, one and two bedroom homes. The majority of apartments will feature one bedrooms appealing to urban residents looking to be close to all Inglewood has to offer. The project is at the introductory stage of planning and design and is expected to be completed in 2025.

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Financial Return



3 Years


*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, Saskatchewan, Manitoba and Quebec residents. Qualified members can invest from $1 to $10,000.

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

the highlights

  • The six story building will feature a selection of townhomes, studios, one and two bedrooms.
  • The majority of apartments will feature one bedrooms
  • 84 unit purpose built rental apartment with streetfront retail.

The Reel

The Gram

Location in Calgary

Click here to view location on Google Maps

About Inglewood

Inglewood is an inner-city community bound by the Bow River to the north and east, the Elbow River to the west, and the CP Rail tracks to the south. Inglewood is a neighborhood in transition. Gentrification in the past ten to twenty years has transformed the district from its historic blue collar roots into a vibrant and renewed community enjoying proximity to two rivers, Calgary’s downtown core, and several parks. Development includes residential, commercial and industrial.

Source: CREB

In October 2014, Inglewood was named Canada’s Great Neighborhood for 2014 by the Canadian Institute of Planners. Inglewood, originally known as Brewery Flats, was established officially in 1911, named after the nearby homestead established by Colonel James Walker. Today Inglewood is a vibrant, eclectic and evolving arts and culture filled district with more than two hundred shops, cafés, restaurants and live music venues, many located in historic low rise commercial buildings. The community’s primary street front retail district extends along 9 Avenue SE. Some light industrial development still exists at the south end of the community.

Inglewood has retained a sense of living in a residential village atmosphere. The community is a short fifteen minute walk to Calgary’s downtown core. Cycling, walking and transit routes have extensive networks and are well used. The neighbourhood values art and is home to many Calgary artists and musicians. Open space includes six substantial city parks and a linear river pathway system. The community is home to multiple events and festivals throughout the year.

The Inglewood Area Redevelopment Plan (ARP), prepared in 1993, envisioned Inglewood as an “urban village” in the centre of Calgary. Since 1993, Inglewood has continued the process of gentrification. Its main commercial corridor, Atlantic (9) Avenue SE, now houses a number of specialty shops and restaurants in restored antique buildings and new mixed-use developments. Older homes continue to be rehabilitated through the community, in conjunction with ongoing new infill development. Further to the aforementioned Inglewood ARP, a revised draft Local Area Plan was released June 2021.

According to the City of Calgary Planning and Building Department, the population of Inglewood was 4,024 residents in 2019, up from 4,008 recorded in 2017 and 3,647 recorded in 2014. The number of dwelling units increased to 2,387 in 2019 from 2,267 in 2014. The neighborhood is showing slow but positive growth. Further to single family homes located throughout the community, new multi family ownership and rental apartment buildings continue to be built along the 9 Avenue SE retail corridor.

Calgary Multifamily

  • Calgary’s rental market is predicted to remain in high demand for 2023 due to several factors, including a growing population, a thriving labor market, and a fallback in home buying. Alberta had the 2nd fastest rates of annual rent increases in 2022, with a high influx of residents from Ontario and British Columbia.
  • Calgary’s rental rates are significantly lower than Toronto and Vancouver, and with steady economic growth, higher borrowing costs for mortgages, and new purpose-built rental developments, the rental market is expected to remain strong in 2023.
  • The rental vacancy rate dropped to 1.2% in stabilized buildings by the end of 2022, and with 29 new projects launched, adding 3,078 rental units to the market, rents are expected to increase by at least 5% in 2023. Calgary’s affordability and desirability, with hundreds of new jobs becoming available, make it an attractive city for people to reside in.

Alberta Tourism

  • Alberta tourism industry went from generating $8.2 billion pre-pandemic to a low of $4.7 billion when there were strict public health measures in place. It is expected to rebound somewhat this year, bringing in about $5.2 billion.

The Issuer

Danny Astete and Brent Buhler

Dan has been in the Construction and property development sector for the past 12 years, building numerous custom homes throughout the city of Calgary, prior to turning his focus towards multi-family residential needs. He has deep knowledge of the development process and the care and attention necessary to each step in the process in order to successfully finish projects on time and on budget.

Since co-founding Cambio Merchant Capital in 2008, Brent has provided both long and short-term Corporate Advisory services to over 100 companies, from restructuring debt for craft brewers and small ‘mom & pop’ businesses, to structuring debt strategies and solutions for family offices and debt-focused financial institutions. He has also provided buy-side advisory services, from single entity businesses looking to make their first acquisition, to industrial multi-corporate entities like Marmon Enterprises and Berkshire Hathaway. He has also overseen the re-structuring of debt stacks for corporations in almost every sector – Oil and gas services, exploration and production, infrastructure maintenance, agriculture and food production, land development, medical, beauty, and the tech industry.

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.

Due Diligence

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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.