This property sold out to 910+ Canadians!

Wychwood Multi-Family

15 and 17 Alberta Ave, Toronto, ON

This is your opportunity to participate in the ownership of a 9-unit multi-family complex consisting of 2 buildings located in the Wychwood neighborhood of Toronto, Ontario. The buildings are currently undergoing renovations to bring the units up to modern standards and to add 3 additional units.

The Plan: The plan is to hold and manage the property for an estimated 5 years. The properties will undergo renovations then will be rented and earn cashflow from the property. If market conditions are favourable the properties will be sold at year 5 for a higher amount mainly due to appreciation from the renovation.

 

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Financial Return

PRIMARY RETURN

9

5 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, Saskatchewan, and Manitoba. Qualified members can invest from $1 to $10,000.

Even though the minimum raise for this offering has been met, you can still invest in it!  See here for more information.

BONUS

Get a 10% bonus on the first $300,000 or within the first 30 days!

The Issuer is offering a time based bonus for the first 30 days of the campaign. Investors will earn additional LP Units equal to 10% on unit purchases for the first $300,000 of total investment. Once $300,000 of investment has been reached or 30 days, whichever occurs first – investors will be given a 5% bonus units on investments until $500,000 in total investment has been reached.

 

Bonus units will be awarded on a first come first served basis, based on completion of investment via the addy platform and approved by the Dealer. Bonus units will be rounded down to the nearest whole unit.

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:

  • Cash Flowing from day 1 with stabilization occurring estimated June 2024
  • Active and Passive Appreciation by adding 3 units and repurposing the existing units then holding
  • Mortgage Paydown over the course of the estimated timeline

The Reel

The Gram

the highlights

  • Newly renovated with 3 additional units added to the property
  • 9 units total
  • Consists of 2 buildings
  • Units will be leased at market rents
  • Located in the desirable neighbourhood of Wychwood

Location in Wychwood

Click here to view location on Google Maps

About Wychwood

Nestled within the vibrant city of Toronto, Ontario, Wychwood stands as an alluring prospect for investors eyeing multi-family buildings. This neighborhood is rich in character, featuring tree-lined streets and beautifully preserved century homes, offering a unique blend of historic charm and modern conveniences. Its strong sense of community, bolstered by local events and initiatives, makes it an attractive choice for potential tenants. What’s particularly enticing for investors is the neighborhood’s exceptional accessibility, with the St. Clair streetcar and subway lines connecting residents to the city center and beyond. Wychwood’s proximity to parks, schools, and a burgeoning arts and culture scene further fuels the demand for rental properties in the area, attracting young professionals and families seeking a vibrant urban lifestyle. With a stable and promising real estate market, Wychwood is a prime location for those looking to make a sound investment in multi-family housing within one of Toronto’s most desirable neighbourhoods.

GTA Real Estate Market

In Q3 2023, the multifamily market in the Greater Toronto Area (GTA) experienced a notable shift. While the long-term outlook remains optimistic, immediate challenges were observed, particularly in transaction numbers and sales volume. Only 8 transactions took place during the quarter, marking a significant 50% decrease from the same period in 2022, with a total sales volume of $91.1 million, in stark contrast to the $627.3 million recorded the previous year. The average price per suite year-to-date saw a 9.1% decline year-over-year, influenced by rising financing costs. The Bank of Canada’s key interest rate reached its highest level since 2001 at 5%, impacting financing costs. Buyers, facing reduced leverage, have shown interest in assumable debt and vendor takeback mortgages for financing.

A distinct trend in market behavior has emerged, with fewer large apartment transactions exceeding $50 million over the past year, indicating a preference for smaller, more manageable deals. On the policy front, the removal of the Goods and Services Tax (GST) on new purpose-built rentals by the federal government, along with expected provincial PST waivers, has stimulated previously shelved rental developments. Rental rates in Toronto have continued to rise, with one-bedroom units averaging $2,620 per month (a 10.5% increase) and two-bedroom units averaging $3,413 (a 7.1% year-over-year increase). In conclusion, despite the Q3 2023 dip in market activity, the multifamily market in the GTA remains resilient, with rising rents, favourable government policies, and persistent demand-supply imbalances in the rental market ensuring a positive trajectory in the coming quarters.

Source: https://www.collierscanada.com/en-ca/research/gta-multifamily-market-report-2023-q3

The General Partner

Alliance REIT is a Toronto based Real Estate Investment Trust that was established in 2016.

Alliance builds unique living spaces in boutique properties and focuses on dynamic urban neighbourhoods that attract discerning residents. Alliance has provided superior returns compared to all major indices including all public REITs since inception.

Hooman Tabesh JD, MBA
Chief Executive Officer

Hooman has over 18 years of experience in developing and managing residential real estate. As a Toronto native, Hooman has a deep personal connection and passion for Toronto neighbourhoods. That passion translates well in his role as the CEO of Alliance REIT. Previous to founding Alliance Hooman was a strategic advisor to Boards of publicly listed companies and REITS. Hooman has also held senior legal and asset management roles at Mackenzie Financial, BMO Asset Management, and BlackRock Canada.

Michael Matthews
VP Development

Michael Matthews has over ten years of experience in the construction and real estate development industries. He holds a designation in construction engineering and has managed and completed well over 200 large scale projects in the Greater Toronto Area. While having worked in many large commercial development projects, his passion has primarily been servicing the residential market.

Henry Tse
VP Property Management

Henry Tse holds a bachelor’s degree of Business Administration in Washington State University and has over 6 years management experience in operation management, administration, training and business development field. He has lived in Seattle, Los Angeles, Hong Kong, and Toronto. He has extraordinary skillset of interpersonal, problem solving, and leadership, and passion of developing and organizing, and consider himself a fixer and a problem-solver. He believes in teamwork and the importance of inter-departmental cooperation.

The Dealer

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 Atlas One. Please be aware that investments offered by third-parties through this Atlas One operated Platform are risky. 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 Atlas One.

This Offering has the following investment profile, which may not be aligned with your own circumstances

  • Risk tolerance/capacity: High Risk
  • Investment time horizon: 3-5 years
  • Investment Objective: Growth
  • Investment knowledge/experience required: Fair/Moderate

Due Diligence

Become a Member!

To review all of the Due Diligence documents including investor deck, appraisal, and other confidential materials you need to be a member. Join us today! Already a member? Log into your account to review.

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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