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Vic Station Limited Partnership
By:
Valour Partners Inc.
Vic Station is a mixed-use purpose-built rental development combining residential rental units, and commercial spaces to create an eclectic urban masterpiece.
Location
Ontario
Risk Profile
Moderate - High
N/A
Min. investment
$150,000
Investment Strategy
Value Add
ARR
27%
Horizon
3.5-4.5 years
Introduction
Invest with Valour Group, an accomplished team of professionals with decades of experience in real estate and a proven track record of success. With this opportunity you can invest in the development of Vic Station, an exquisite mixed-use condominium unrivaled with charm, where 206 residential rental units, and 11,186 square feet of commercial space come together to create an eclectic urban masterpiece.
Key Reasons to invest
Urban Charm Unleashed
Vic Station is not just another development; it's a meticulously designed mixed-use condominium that exudes charm and sophistication. With 206 residential rental units and 11,186 square feet of commercial space, Vic Station promises to be an eclectic urban destination.
Value-Driven Investment
This opportunity is structured as a Limited Partnership fund offering you a chance to invest in a planned Mixed-Use development with a value-add strategy. With a total required equity of approximately $15,000,000 (of which, $2,533,000) is already raised, you can participate with a minimum investment of $150,000, or as the fund's management may otherwise permit.
Proven Project Leadership
Vic Station is led by a team of visionary leaders known for their successful execution of complex real estate projects. With a track record of delivering exceptional results, investors can trust in the project's strong leadership and strategic direction.
Project Overview
The Vic Station development will feature a prominent medical plaza, one of Kitchener’s busiest, further enhancing its appeal. The project operates through limited partnerships, offering a 26% annual return on investment upon completion, with a minimum individual investment of $150, 000 and a forecasted term of 2.5 to 2.5 years. A strategic plan involves dividing a portion of the land to sell the medical plaza, using the proceeds to pay off any existing mortgage, to facilitate the construction of the residential and commercial spaces.
Vic Station is a unique development as it qualifies for the CMHC Affordable Housing Incentive Program, making it eligible for favorable financing options. By meeting barrier-free standards, the development can secure low-interest rates and up to 90% financing, reducing upfront costs and enhancing profitability.
Investing in Vic Station offers the potential for strong returns, making it an attractive opportunity in a market characterized by high demand for accessible and well-located rental properties.
Location
Vic Station is a single-asset fund, comprising of 751 Victoria Street, being a 23 story residential apartment building located in a very busy, highly visible commercial retail and residential node at the corner of Victoria and Westmount in Kitchener, Ontario. The subject neighbourhood is an established mixed-use area, which benefits from good highway access with a close proximity to Highway 8. Residential and commercial retail uses dominate the neighbourhoods surrounding the subject property, which are comprised of both single family and apartments ranging from low rise to high rise.
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Vic Station by Valour
Developer Overview
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Valour Group undertakes project, property, facility, and asset management with strong financial and investment management capabilities. For properties, Valour Management specializes in the overall asset management and maintenance of properties acquired by the Valour Group and its affiliated companies.
With a team of urban planners, developers, and project managers, Valour Development develops projects ranging from subdivisions to single-family homes, townhomes, low and high-rise multi-residential, and commercial real estate in Ontario. As a team of experienced builders, Valour Construction (Valcon), the construction arm of Valour Group provides various construction-related services for its development projects.
Valour Capital sources real estate assets with strong development potential. Upon identifying an opportunity, Valour Capital undertakes an extensive due diligence review to determine project viability and to structure a strategic financing solution.