We’re excited to announce another excellent investment opportunity now live on the Parvis platform.
Core Development Group has launched its second remarkable project on our platform, 929 Queen Street East in Toronto. Core’s last project, 1233 Queen St., was fully subscribed in just six weeks, and we anticipate strong interest in this opportunity.
929 Queen St. offers a unique chance to invest in a purpose-built rental project with a targeted 31% IRR, and a minimum investment of $25,000.
Learn more about the opportunity below:
Project Overview:
- Location: 929 Queen Street East, Toronto, Ontario, Canada
- Developer: Core Development Group
- Risk Profile: Moderate-High
- Minimum Investment: $25,000
- Investment Strategy: Opportunistic
- Annual Rate of Return (ARR): 31% IRR
- Investment Horizon: 32 Months
About the Development:
- Building Details: This 9-storey, mixed-use co-living building spans 71,573 SF, featuring 70 residential units/167 beds (30 private suites and 137 co-living beds) and 2,122 SF of retail space at grade.
- Co-Living Concept: The project offers an all-inclusive housing supply at a 20-30% discount compared to traditional studio rentals. Rents include WiFi, in-suite cleaning, and all utilities.
- Sustainability: Designed with a low carbon footprint in mind, the development features geothermal heating and cooling and uses low carbon materials, including steel construction instead of concrete. This approach ensures strong Environmental, Social, and Governance (ESG) credentials.
Why Invest in 929 Queen Street East?
- Proven Track Record: Core Development Group has a strong history of managing and executing residential multifamily projects across the Greater Toronto Area, with over $2.3 billion in development.
- Prime Location: Situated in the vibrant Leslieville neighbourhood, just ~4 km east of downtown Toronto, the project benefits from convenient access to essential amenities, transportation, and local attractions.
- High Return Potential: With a projected IRR of 31%, this opportunity offers the potential for robust returns and enhances the performance of your investment portfolio.
- Sustainable and Inclusive: The development provides affordability through its co-living format and minimizes environmental impact with its efficient energy systems and construction practices.
Investment Details:
- Minimum Investment: $25,000
- Investment Term: 32 Months
- Offering Price per Share: $1.00
- Projected Annual Return: 31% IRR
- Available to Accredited Investors Only
Click here to learn more and invest now!.
