Oakley Ridge

JLL Capital Markets, Multifamily Ontario is pleased to present the opportunity to acquire Oakley Ridge, a brand-new apartment development located at 166-178 College Avenue West in Guelph, Ontario. The Property is comprised of 110 rental suites & approximately 5,763 square feet of commercial space with strong fundamentals in a high-growth market. 

Oakley Ridge offers high-quality new construction with modern finishes and amenities, including a fitness room, theater, golf simulator, shared workspace, and outdoor terraces. The rental suites are comprised of a diverse suite mix with an average size of 785 square feet and a projected average rent of $2,509 ($3.20 per square foot). Additionally, a long-term commercial tenant (daycare center) has been secured for the ground floor retail space.

The Property’s prime location near the University of Guelph and within Canada's Innovation Corridor, make it an attractive investment opportunity. The Guelph rental market is strong, with a low 1.3% vacancy rate and rising rents. Guelph itself is characterized by a strong and diverse economy, with low unemployment rates and a growing population. The city's strategic location makes it an attractive market for long-term investment.