An equity opportunity to invest in a land assembly & landre development 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 neighbourhood at Bloor St. and Ossington Ave. in the city of Toronto. Located at the northeast corner of BloorOssington intersection with ultra-high visibility and traffic , the Project plans to assemble an existing mixed-use property with additional neighbouring properties, rezone and increase its density to a target of ~170,000sf of mixed-use residential and commercial in the next 3 years. Proposed exit includes trade sale to builders, real estate companies, 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.
*THE RETURN IS COMPRISED OF A PREFERRED 8% PLUS 70% OF REMAINING PROFIT.
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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