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Sangster LP
By:
Azure Properties Group
Sangster LP by Azure Properties is a new development project in New Westminster, British Columbia that focuses on community impact and promising returns.
Location
British Columbia
Risk Profile
Moderate - High
N/A
Min. investment
$200,000
Investment Strategy
Opportunistic
ARR
8% per Annum
Horizon
5 Years
Introduction
Azure Properties Group presents Sangster LP, an exciting new development project. This medium-density, multi-family development offers 187 residential units across two six-story buildings and is being built to align with the community’s needs and local urban goals. As a local developer with deep ties to New Westminster, Azure Properties is dedicated to creating value that resonates with the area’s rapid growth and community spirit. This project brings together investors with the opportunity to participate in shaping a strategic and sustainable real estate investment at the heart of Lower Mainland British Columbia.
Key Reasons to invest
Strong Demand and High Growth Potential:
New Westminster’s rapidly growing demand for multi-family housing, combined with high accessibility drives market appeal
Lucrative Return Structure:
Preferred Rate units yield up to 30% IRR with profit sharing.
Prime, Accessible Location:
Within walking distance of transit and essential amenities, the project is ideal for working professionals, families, and students.
Experienced Local Developer:
Azure Properties Group has a proven record of successful developments in the Lower Mainland, offering confidence in project delivery and profitability.
Project Overview
Sangster LP is set to transform the 47,616 square-foot site on Sangster Place and East 8th Avenue into a highly desirable residential destination. The project comprises two six-story conventional wood-frame buildings with a total of 187 units, strategically located within a block of essential services and transit lines. With significant demand in the New Westminster area, Sangster LP’s development aligns with local community goals and is projected to yield an impressive return on investment.
Location
New Westminster is a vibrant and centrally positioned city within Greater Vancouver’s regional district. With five SkyTrain stations, New Westminster offers a highly efficient transit network, connecting it directly to major nearby cities like Vancouver, Burnaby, Surrey, and Richmond. Sangster LP is positioned within the Victoria Heights/Glenbrooke North neighbourhood, an established residential area that blends family homes, multi-family units, and essential commercial spaces. The property also lies near key transport hubs, including the Pattullo and Queensborough bridges, linking residents to both transit and major highways. This central location, combined with the area’s ongoing residential and infrastructure improvements, makes Sangster LP an attractive investment anchored in growth, convenience, and community.
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Developer Overview
The Azure Properties Group is a family-owned business. Azure's mission is to contribute to the increasing demand for quality housing in the Greater Vancouver region for consumers ranging from first-time homebuyers to luxury custom homebuyers. They have been building homes since 1991. Azure places special emphasis on design, detail, craftsmanship and customer service, which has helped build genuine relationships with their employees, customers, municipal officials and competitors alike.