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Lakewood Shopping Center

11852 Highway 97, Lake Country, BC

Participate in the ownership of a neighbourhood shopping centre located within Lake Country, alongside Highway 97.

The Plan:  The project is divided into two phases: Phase I focuses on renovating the main mall building to attract premium tenants by refurbishing the exterior, installing a two-stop service lift to the basement, and consolidating CRUs for better lease potential. Phase II involves selling a parcel to fund further upgrades, internalizing common areas for additional leasable space, and repositioning the mall as a lifestyle shopping center anchored by notable tenants.

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Financial Return



4 Years


*The key numbers to explain how the Issuer has made this estimate are available within your addy account. Investments in this property are open to all residents in Canada above the age of the majority. 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.


ways to Payout

When evaluating commercial real estate deals there are 5 primary ways an investment pays out: Cash Flow, Passive Appreciation, Mortgage Paydown, Active Appreciation, and Levered Returns on Equity. Learn more about these factors here.

Things to note about this property:

  • Phase 1 and Phase 2 renovations are expected to enhance the property’s value, with a sale targeted for 2027.
  • The issuer projects a potential increase in NOI by up to 65% within a three-year span.
  • Furthermore, the strategy involves positioning the 2.99-acre waterfront redevelopment site, which benefits from stabilized holding income and is located 20 minutes from downtown Kelowna, for sale by the end of 2027.


The Reel

The Gram

the highlights

  • The property is comprised of two titles totaling 2.99 acres and features the main shopping mall building (53,594 SF) constructed in 1980 and the stand-alone Tim Hortons drive-thru pad (2,500 SF) constructed in 2007.
  • The property was developed and has been owned and operated by a well-known Kelowna-based family for the past 43 years. Recently, the patriarch passed away and the family decided to release this asset from their portfolio.
  • The main mall building is very well-constructed with “good bones”, however the exterior is dated and the curb appeal of the property could be substantially improved within a focused capex budget.
  • The property is both large (2.99 acres) and exceptionally well-situated -fronting onto Highway 97 and overlooking beautiful Wood Lake and Turtle Bay Marina Resort Hotel. The property is further complimented by Turtle Bay Crossing shopping arcade which is across the street and was newly developed in 2018. Turtle Bay Crossing is home to a thriving tenant roster including Starbucks, IDA Pharmacy and Anytime Fitness.
  • The west side of the property overlooks a vineyard which is in the ALR and will never be developed, while the north side faces a street of single-detached homes with a large mobile-home park behind.

Location in Lake Country

Click here to view location on Google Maps

About Neighbourhood

  • The property is located within Lake Country, along Highway 97 and around 500 feet from Wood Lake. Additionally, the property is 23 kilometres north of the City of Kelowna’s downtown business district and 28 kilometres south of the City of Vernon’s downtown business district.
  • The adjacent neighbourhood is comprised of a mix of property types/uses. To the west and across the highway, there are commercially oriented properties. Residential and rural residential properties dominate in the north and west. In the mix, there are agriculturally oriented properties. To the east, Lake Kalamalka’s shoreline has recreational and residential properties.
  • The City of Kelowna (pop. 142,146) is the centre of economic and business activity in the Okanagan Valley and is the largest trading centre between Metro Vancouver and Alberta. The population of the Regional District of Central Okanagan – currently 223,000 – is projected to grow by 80,000 residents over the next two decades and reach a total of 305,000 by 2040.
  • The Central Okanagan’s economy continues to diversify and demonstrate strong growth with an entrepreneurial culture that supported over 11,000 new businesses starting since 2010. Supported by the airport, world class educational institutions, medical facilities, and new and diverse housing, billions of dollars have been invested in the area in recent years, improving infrastructure and attracting high-growth industries like film and digital animation, and technology. Major regional employers include School District 23, Kelowna General Hospital, UBC Okanagan and Okanagan College.
  • Situated on the eastern shore of Okanagan Lake, in the centre of the stunning Okanagan Valley, Kelowna has the best of rural and urban lifestyles packed into one unique city. Until the 1990s, the region was best known for peach orchards and beach culture. Then in 1994, at the International Wine & Spirit Competition in London, Mission Hill won the award for Best Chardonnay Worldwide, and suddenly the world began to take notice. Now, the Okanagan Valley is home to 185 wineries and nearly 9,000 acres planted with vines, growing more than 60 grape varieties ranging from Auxerro is to Zinfandel. It’s the climate that makes the Okanagan so appealing for both grapes and people.

About Real Estate Market

  • In 2016, Statistics Canada measured Lake Country’s population at 12,922, which is below the projected population of 14,108 within the OCP and representing a growth rate of 1.9% between the 2011 and 2016 Census periods. BC Stats estimates that between 2013 and 2014, Lake Country grew by 3.7%, establishing Lake Country as the fastest-growing municipality within British Columbia.
  • Regional population growth outpaced the provincial rate of growth over the 2018-2022 period. The most significant growth was in Lake Country (17.07%) within the Central Okanagan.
  • The Okanagan region, as the fastest growing in Canada, continues to be well positioned for the post-pandemic migration phenomenon that sees people with means moving to livable mid-sized centers such as Kelowna. — DOUG GILCHRIST, CAO, CITY OF KELOWNA


    • UBC is one of North America’s largest public research and teaching institutions
    • Consistently ranked among the world’s 22 best universities
    • 8,700+ students enrolled from Canada and 81 other countries
    • 8 faculties and school, including the faculty of medicine, Southern Interior Program
    • Annual economic impact of more than $1 Billion
    • Largest post-secondary institution in the region, educating 22,000+ people annually
    • 50% increase in full time equivalent students since 2005
    • Kelowna Trades Complex – $33 Million renovation and expansion, doubling in size to 100,000+ square feet
    • 2nd largest trades training institution in BC
    • Top 10 busiest airports in Canada, served over 16 million passengers in 2014
    • 67+ daily non-stop flights to destinations in Canada and the US
    • 375 destinations world-wide with one connection from YLW
    • 2,730 jobs and $610 Million in total economic output to the province of BC
    • High-level specialty medical care including 24 hour emergency services
    • $1 Billion in recent capital investments for facility expansions
    • State-of-the-art cardiac and surgical centre
    • New, modern high-tech business hub for both small teams and large firms
    • $35 Million project, 6 story building, 106,000 sq. ft.

The Central Okanagan (Kelowna CMA) has a household income distribution that matches closely, within 2% differential in each income bracket, with that of BC and Canada. 51% of households in the Central Okanagan have an income of more than $70,000 annually.


The Issuer

The Issuer,  Stream Property Partners Inc. (“Stream”) is a commercial real estate investment and development firm based in North Vancouver, BC. Stream sponsors high-quality, private equity investment opportunities available exclusively to qualified investors. Stream are commercial real estate experts, grounded in a tradition of hard work, exceptional client service and a pragmatic investment philosophy driven by market fundamentals and data analytics. Stream seeks partnerships with like-minded investors, lenders, realtors and private equity firms in Western Canada. Stream is co-founded by three partners: Alan Haigh, Darcy Ulmer, and Hans Edstrand.

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.