Description

JLL Capital Markets, Multifamily Ontario is pleased to present the opportunity to acquire Riverside Apartments, 156 newly constructed rental suites across three modern buildings in Collingwood Ontario. Riverside Apartments offers a modern aesthetic using current construction techniques and industry-leading materials, complemented by a diverse set of in-suite and building amenities including condo-quality finishes, individual HVAC systems, in-suite washers and dryers, 9-foot ceilings, & party room.

Located two hours north west of Toronto, Collingwood is a premier four-season community anchored by Downtown Collingwood, Blue Mountain Resort and the Georgian Bay waterfront that offers tenant’s both small-town charm and urban convenience.

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Attributes

Number of units

156

Buildings

Land area gross

2.37 ha

Year built

2021

Media

Investment Highlights

Located in Collingwood, a scenic waterfront community
High quality new construction providing tenant’s a condo-level living environment
Modern amenities deliver quality tenant experience: In-suite laundry, party room, balconies
Large suites: 57% two-bedrooms with 2 bathrooms
812 sf average suite size
Operational efficiency as well as nominal capex exposure in the near future
Rents at the building are exempt from RTA guideline increase legislation
Opportunity to further limit utility exposure with gas & water submetering opportunities