The Montebello

50 Herrick Ave, St. Catharines, ON

A luxurious 253 unit condominium currently in pre-construction only a 6-minute drive from downtown St. Catharines, the largest city in the Niagara region of Ontario. The units are already over 90% sold.

The Plan: Complete the development of a 3.85-acre site into a residential condominium consisting of 253 residential units, which will be further broken down to 106 1-bedroom, 16 1-bedroom + den, 83 2-bedroom, and 48 2-bedroom + den units.

This property is owned by 1,100+ Canadians! These investments sell out quickly and they are reserved for our members.

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Estimated Term

2 Years

Estimated IRR*

20%

Estimated Owners' Days**

1

*We estimate a 20% IRR on this property. The key numbers to explain how we make this estimate are available within your addy account. Investments in this property are restricted to British Columbia, Alberta, and Ontario residents. Qualified members can invest from $1 and up to $1,500

**This is the day when we issue a distribution, or the property exits — aka cash earned from doing zero things, aka #passiveincome. For this property, there is one Owners’ Day which is when it exits.

Property Updates

The Reel 📹

The Gram 📷

The Exterior Renderings

Montebello Exterior

Montebello Exterior

The Interior Renderings

Montebello Interior

Montebello Interior

Montebello Interior

Montebello Interior

Montebello Interior

Montebello Interior

Montebello Interior

Montebello Interior

Montebello Interior

The Site

Montebello Site

Montebello Site

Montebello Site

Montebello Site

Montebello Site

Montebello Site

Montebello Site

Montebello Site

Montebello Site

Montebello Site

Montebello Site

the highlights

  • Montebello will consist of 253 condominium units, which will be further broken down to 106 1-bedroom, 16 1-bedroom + den, 83 2-bedroom, and 48- 2 bedroom+ den units. Average unit size 811 square feet.
  • Montebello is located at the northwest corner of Herrick Avenue and Woodburn Avenue in St. Catharines, Ontario. The property is located in the Queenston neighbourhood of St. Catharines, which is situated just east of the downtown core.
  • With 3 wonderful golf courses and 2 parks nearby, the property is situated on the north side of the Garden City Golf Course, and west of Westchester Crescent allowing for easy access to many outdoor activities.
  • The area is characterized by a wide variety of uses, with industrial, commercial and residential uses on the north side of Queenston Street, and residential uses coupled with recreational and greenspace south of Queenston Street.
  • The property is only a 6-minute drive from downtown St. Catharines and has easy access to Highway 406 and the Queen Elizabeth Way.

Location

Montebello Site Plan
40 Woodburn Ave, St Catharines, ON L2P 0B8 & 50 Herrick Ave St. Catharines, ON L2P 2T9Montebello Location Map

Click here to view location on Google Maps

About St. Catharines

  • St. Catharines is the largest city in the Niagara region and is strategically located in south-central Ontario, which is 111 kilometres from Toronto and 19 kilometres from Niagara Falls and the United States border. Major employers in the city include District School Board of Niagara (4,700 employees), Niagara Health System Hospital (5,012), Algona Central Corporation (2,098), and Brock University (5,965).
  • St. Catharines is part of the Regional Municipality of Niagara, bordered by the City of Hamilton to the west and the United States to the east. As the dominant urban centre in Niagara, St. Catharines offers a highly skilled labour force and diverse economy with tremendous opportunities. St. Catharines is home to approximately 135,000 residents, with an average household income of $75,679. The City is also home to three public post-secondary educational institutions: Brock University, Niagara College, and McMaster University with a combined student population of 27,000.

Economic Outlook

  • The Niagara Region is a vibrant and increasingly dynamic region of Ontario. The Canadian Real Estate Associated has reported that over the last three years, home prices in the region have increased 47.13%, whereas over that same period, GTA prices rose by 25.30%.
  • New homes account for much of this growth with the Niagara Region Planning and Economic Development Committee reporting that investment in building construction grew by 56% from 2015 to 2018, compared to 19% for Ontario as a whole.
  • Much of the demand has been driven by real estate affordability, and the attraction to many of the beautiful amenities the Niagara Region has to offer; from vineyards and golf courses to trails, and historic sites.
  • At the beginning of 2019, Metrolinx kicked off the Go Train service to the Niagara area, and currently the Grimsby Go Station is under construction. This has greatly opened up the market to commuters who would like to own affordable real estate, but still be within reach of the City for their jobs.

The Investment Type

Opportunistic Investment Type

Risk profile: 

 High

Investor type:

For investors willing to take on the most complicated projects and may not see a return on their investment for three or more years.

What defines the risk level?  

An Opportunistic investment often has little to no cash flow at acquisition but has the potential to produce a tremendous amount of cash flow once the value has been added. Examples include developments, acquiring an empty building, land development and repositioning a building from one use to another.

Expected Return

The information presented below represents expected results of a $500,000 maximum offering and may not reflect actual results. The expected return (IRR and ROE) based on your investment amount can fluctuate up or down based on many factors. Please review the entirety of the Offering Memorandum and understand the risks stated in “Item 9 – Risks Factors”. You are not liable beyond your investment amount.
Expected Return Montebello

The Community investment committee

Purchase decisions are made collectively by our community investment committee and our Board of Directors which has a track record of investing in and managing real estate (learn more here). The Investment Committee for this property includes:

Tri Quach Headshot

TRI QUACH
ENTREPRENEUR | INVESTOR

With world-renowned amenities and attributes, St. Catharines is built as the Garden City right on the edge of the Great Lakes. A wonderful blend of agriculture and housing, they are poised for significant growth in the next 10 years.

Marc Strongman
CEO | PRESIDENT, THE STRONGMAN GROUP

What our members are saying

“It was an easy way to invest some funds in real estate that I would normally not be able to afford on my own. It’s great to be part of something that is creating a new way of investing.”

Klaus / Toronto, ON

“My wife and I are excited to have discovered addy, and invested in a Starbucks location nearby — it’s nice to be able to participate in owning commercial real estate without putting up a bunch of money, and knowing we can drive by it anytime makes it more fun than buying stocks!” 

Shawn / Nanaimo, BC

“This is God sent, if you ask me. A chance to own a slice of commercial properties all over the country. An opportunity I otherwise wouldn’t have had had it not been for addy. I can’t thank addy enough. I eagerly await for addys to drop and with each investment, I know I’m actively improving my financial future.”

Jocelyn Armah / Google Review

How Do You 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 Memorandum for each property.

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