Pilgrim’s Rest

23 Cheboutequion Drive, Lakefield, ON

An RV Resort & Campground located on 72 acres of rural Parkland and a 1.3 acre island. Consists of 101 camping sites and 45 boat slips.

The Plan: Renovate the property to improve its curb appeal with new landscaping and amenities.

This property sold out to 470+ investors! This investment sold out in 10 hours and it was reserved for our members.

Get me a Membership

RV Resort & Campground

Term

2 Years

Estimated distribution schedule

None

ESTIMATED INTERNAL RATE OF RETURN

30.9%

Property Updates

The Gram 📷

Pilgrim's Rest - birdseye view

*We estimate a 30.9% Internal Rate of Return on this property. The key numbers to explain how we make this estimate are available within your addy account. You can see estimated returns at the bottom of this page. Investments in this property are restricted to British Columbia, Alberta, and Ontario residents. Qualified members can invest from $1 and up to $10,000.

Property highlights

  • Pilgrim’s Rest is 72 acres of rural Parkland and a 1.3 acre island.
  • It’s got 101 camping sites and 45 boat slips
  • Amenities include: basketball courts, beach, fishing, and watersports.
  • It’s only a 2 hour drive from Toronto
  • There are 6 other campgrounds nearby
  • In the heart of Ontario’s eastern cottage country, where urban residents (mostly from the Toronto region) vacation.

Meet Pilgrims Rest 📹

Investment Type: Value-Add

Risk profile: 

Moderate to High

Investor type:

For investors willing to take on more risk to achieve high returns and are willing to wait longer before they begin receiving returns for their investment.

What defines the risk level?  

A Value-Add 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 (for example physical upgrades, better management, added services or more effective marketing).

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:

RAJVINDER KHATAR
RBC EXECUTIVE | ICBC DIRECTOR

Great play to diversify portfolio with significant upside return potential.

Andrew Gaucher
VICE PRESIDENT, MCKINLEY BEACH, GGROUP

Location

Pilgrims Rest Map

View on Google Maps here

Estimated returns

The information presented below represents expected results of a $250,000 maximum offering and may not reflect actual results. The expected return (IRR and ROI) 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.

Pilgrim's Rest Estimated Returns

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.

READ FAQs

Relevant Reads

investing advice
An Introduction to Real Estate Investment Jargon

If you are serious about becoming a real estate investor, you are going to have to learn to walk the walk and talk the [...]

1 Comments

calculating IRR
How to Calculate Internal Rate of Return (for Non-Math Majors)

IRR (Internal Rate of Return) is another fundamental tool of real estate investment – a calculation that is frequently used to determine the potential [...]

3 Comments

What Are Core, Core Plus, Value-Add and Opportunistic Investments on addy?

What Are Core, Core Plus, Value-Add and Opportunistic Investments? In this article, we explore what these terms mean in the real estate industry (and [...]

5 Comments