An equity opportunity to invest in a land assembly & land redevelopment project in the trendy Bloor-Ossington neighborhood.
Is offering an equity investment opportunity to participate in a land assembly & redevelopment project (the “Project”) in the trendy neighborhood at Bloor St. and Ossington Ave. in the city of Toronto. Located at the northeast corner of Bloor and Ossington intersection with ultra-high visibility and traffic, the Project plans to assemble an existing mixed-use property with additional neighboring properties, rezone and increase its density to a target of ~170,000sf of mixed-use residential and commercial in the next three years. The proposed exit includes trade sales to builders, real estate companies, and institutional or private investors.
KEY INVESTMENT MERITS
DETAIL
PROJECT TYPE
MIXED-USE RESIDENTIAL HOUSING DEVELOPMENT
STRATEGY
LAND ASSEMBLY & LAND REDEVELOPMENT
CURRENT ASSET LOCATION
890 BLOOR ST. WEST, TORONTO, ON
FUTURE ASSET LOCATION
878-888 BLOOR ST.WEST & GREEN P LOTS
PROPOSED DENSITY
~173,600SF
PROJECT LIFE
3 YEARS
STRUCTURE
LIMITED PARTNERSHIP
TARGET EQUITY RAISE
$15.5M
TARGET ANNUALIZED IRR*
20%
DEVELOPMENT MANAGER
TERRA BONA DEVELOPMENTS LTD.
PROJECT & ASSET MANAGER
CACOELI ASSET MANAGEMENT INC.
Company Address:
Suite 2000 - 2 Sheppard Ave East
Toronto, ON
M2N 5Y7
Contact Cacoeli
– Your net income before taxes exceeded $200,000 in both of the last two years and you expect to maintain at least the same level of income this year; OR
– Your net income before taxes, combined with that of a spouse, exceeded $300,000 in both of the last two years and you expect to maintain at least the same level income this year;
– You alone or together with a spouse, own financial assets worth more than $1 million before taxes but net of related liabilities. Cash, or certain investments such as public equity or bonds, would be considered liquid/financial assets.
– You, who alone or together with a spouse, have net assets of at least $5,000,000; This criteria requires that an individual have net assets that count for at least $5 million, with liabilities subtracted. This means that an investor with $4.5 million in real estate and $500,000 in cash may be considered an accredited investor.
– You currently are, or once was, a registered advisor or dealer, other than a limited market dealer.
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