Presently the only lakefront development opportunity in Vancouver.
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**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 predicated to be 1+ Owners’ Days.
This is an estimated value of property. It is based on a blend of valuation methods, each oof which may produce a different estimate depending on the available data.
The first rule of real estate investment is Location Location Location — and that applies regardless of whether you’re planning to live or invest in the home. Much of what makes The Trout Lake House a great investment opportunity is its highly desirable location in one of Vancouver’s most vibrant, livable communities — close to transit (an 11 minute walk to the Commercial-Broadway Skytrain station), a brand-new community centre, great restaurants and excellent coffee. Most importantly, this property’s location makes it something rare: it’s one of only 79 homes that back onto Trout Lake. There will never be more Trout Lake lots, meaning the land itself is increasingly valuable by virtue of the fact that it’s in such short supply.
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Take Root is a Vancouver-based real estate company. They believe interesting cities are more than their buildings and believe that building’s inhabitants are more important than its architecture. As developers, operators, and investors, Take Root believes in the power of places to enable people do amazing things. Research-driven approach challenges them to engage with complex urban issues, such as the local economy and aging in place. They begin each project with a specific question that guides the purpose of the project. Since 2005, Take Root projects have created award winning places like Schoolhouse and River Market.
 High
For investors willing to take on the most complicated projects and that may not see a return on their investment for three or more years.
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.
At the end of development, your shares will be redeemed in exchange for a pro-Rata payout of your share value. Prior to development, this property will be rented out, and shareholders will receive a portion of the rental income (minus property taxes, and insurance)
What’s exciting about this property is not so much the house that’s currently on it, but rather the significant potential for future development. This property qualifies for the City of Vancouver’s Character Retention Program, which means as long we retain the house’s character, we can make renovations that increase our Floor Space Ratio (FSR) from its current 55% to 85+%.
Michael Stephenson and myself, Stephen Jagger along with our significant others Adam and Sarah will coordinate the development of the property to incorporate 3 units with the plan of selling all 3 of them as individual strata units.
Michael Stephenson and I have been business partners for 18 years. We have been involved in real estate and real estate technology for almost the entirety of that time. Our real estate projects and technologies have been involved in the development and/or sale of over a billion dollars worth of property.
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Details are outlined in the Offering Memorandum for each property.
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