The investment opportunity you have been looking for!
This Pre-Construction Condo Development is Turn-Key & CASH FLOWING*!!!
NEW Condominium development presented by REALTOR®, Mike Seal and Joe Fallea in Barrie Ontario.
Inventory is limited, don’t wait!
This is a unique investment opportunity that is not like any condo purchase you have made before. With a Projected ROI of over 23%*, this is pre-leased to a commercial tenant which means no requirement for property management.
Location
- The City of Barrie is a beautiful waterfront community with close proximity to the GTA which allows for easy commuting.
- Barrie continues to be one of Canada’s fastest growing and dynamic cities
- Barrie is home to a number of civil service facilities, reputable institutions and schools including Georgian College, Royal Victoria Hospital and Simcoe Muskoka Regional Cancer Centre
- Barrie was recently ranked one of the top cities to invest in Ontario by The Real Estate Network
Site Location
- The site is located adjacent to the Barrie Public Library in the downtown core of the City
- The Residences will occupy an entire City block and offer views in all directions with premium views to the south, east and west
- The Residences will be within easy walking distance to local shops, restaurants, art gallery and financial institutions
The Investment
The Invest Select Rental Program is perfect for real estate investors that believe real estate is a great wealth builder but don’t want to be hands-on with related risks and responsibilities. The Invest Select Rental Program combines monthly positive cashflow*, mortgage paydown, and the potential for market appreciation while limiting the downside risk of a market correction. When opted into, the Invest Select Rental Program allows condominium purchasers to benefit from the three most important pillars of real estate investment:
- Rental Income
- Market Appreciation
- Mortgage Pay-down
While all day-to-day property management tasks are included as well as the payment of maintenance fees.
The Invest Select Rental Program delivers positive monthly cash flow* to each purchaser with a five-year condominium lease in place from day one. Upon expiration of the lease, the management company will have the option to purchase each unit from its owner at the then fair market value. This commitment creates a safety net and gives investors peace-of-mind and a pre-defined exit strategy.
Key features of Invest Select include:
- 5 Year lease with management
- Predefined exit strategy
- Vacancy protection
- Market correction protection
The Building
The building will be used as a Senior’s Housing Residence with 278 units. The investor’s tenant is the Senior’s Housing Operations Company and they are pre signing a 5 year lease agreement. Meaning, we don’t need to forecast potential future rents and guess if it will be cashflow positive on occupancy.
Completely Passive, Great Tenant, Cashflow Positive*, and because of its location (Barrie) some great potential upside!
Building Features
- Port Co-chère Entrance
- 24-Hour Concierge
- Security Monitoring
- View Focused Suite Design
- Lobby Featuring 18’ Ceilings
- Key Fob Access
- Enclosed Heated Parking
- Private Balconies
Amenities
- Two Themed Dining Rooms
- Games Room & Pub
- Theatre
- Rooftop Outdoor Lounge and BBQ Area
- Bistro
- Wine Bar with Piano
- Indoor Pet Spa
- Indoor pool
- Massage Room
- Arts & Gardening Centre
- Hobby Workshop
- Fitness Centre
- Spa
- Indoor Golf Simulator
Suite Features
- 9’ Ceiling Height Throughout
- Premium Stainless Steel Appliances
- Custom-Designed Kitchen Cabinetry
- Quartz or Granite Kitchen and Bathroom Countertops
- Ensuite Laundry
- Individually Heated and Cooled Suites
- Wide Plank Flooring
- Contemporary Tile
Frequently Asked Questions
Yes, The Invest Select Rental Program ensures that monthly rents are paid as agreed regardless of occupancy status.
All Invest Select leases increase in gross rents payable by 2% per year. The use of a Gross Rent Multiplier to establish a minimum value guarantees an inflation in value over the term of the lease.
Investors are free to sell their property during the lease term with the new buyer’s assuming the covenants and obligations contained within the INVEST SELECT lease.
Yes, if the Lessee exercises the option to purchase. Buyers will have the opportunity to participate in advance of other purchasers for future developments.
We will hire an AACI certified appraiser qualified and approved by The Royal Bank of Canada to conduct all appraisals and determine then current market values using the comparable market approach.
The Invest Select Rental program includes all maintenance and repairs as well as special assessments if they occur.
You are welcome to visit the building anytime by appointment made through the concierge or building administrator. To respect our resident’s privacy viewing the actual occupied unit is not permitted.
No, owners are not permitted to lease their units other than through the Invest Select Rental Program. Friends and family of owners will receive special occupancy cost pricing through the building management.
We anticipate construction to take 2.5 years from the date of
breaking ground.
The Incentives
This Turnkey Opportunity is being launched to our Investor community before anyone else!
- Includes a 5 year lease with management
- All maintenance and repairs or special assessments are covered under the lease
- All expenses included. Investor pays mortgage and taxes
- Buy back option at the end of 5 years based on current market value. Buy back price will not be lower than purchase price
- Staged Deposit Structure: $5k on signing. Total Phased 20% Deposit
- Development charges capped at $12k
- Annual rental increase at 2%
This is as hands-off and completely passive as property investing gets!
Register to learn more!
Disclaimer
*Any use or reproduction of this template in whole or in part, without the written permission of Referral Network Realty Inc., is strictly prohibited. All numbers, information, projections, returns and cashflow on this sheet are a guide only and the user needs to conduct their own diligence. Referral Network Realty Inc. is the listing Brokerage. Not intended to solicit buyers already under contract. With all real estate investments, the Buyer should perform their own due dilligence. All statements are not guarantees of future performance and undue reliance should not be placed on them. Any projections contained here are for informational purposes only, and Referral Network Realty Inc. or any of their Directors, Affiliates, Employees or Independent Contractors can not determine if an investment is right for you. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any past performances or projections of future performance or expected result expressed or implied by such forward-looking statements. You are advised and agree to seek independent financial advice from a qualified financial planner or accountant or other such people as you determine appropriate prior to entering into any real estate investment transaction.
