August Investor Newsletter S.E.C. II
September Highlights
We are very pleased to announce our second acquisition: 800 Desaulnier, our first purchase outside the Island of Montreal.
Located in a prime area of Longueuil, close to services, the bridge, and the metro, the property consists of 16 units (4½ apartments) and sits on a large lot with parking.
This exclusive off-market opportunity was brought to us by one of our consultants. To maximize available capital and carry out this large-scale project, we partnered with a long-standing associate to make it a promising co-investment.
Project #1 :
8692 St-Michel — 8 units
Phase 0
Acquisition
Completed
Acquisition
- Purchase price: $1,250,000
- Acquisition date: June 2025
- Holding period: 2 months
- Current appraised value: $1,800,000
Phase 1
Optimization
In Progress
Optimization
Objective: Complete renovations and re-rent all units by June 2026.
Work in progress:
- Interior: unit renovations, tile replacement, refresh of common areas
- Exterior: masonry repairs, new concrete slab at entrance, replacement of main door and central windows
- Progress:
- 25% of budget deployed
- 2 of 8 units under renovation
- Rent increases negotiated on 4 units
- 6 of 8 units currently rented
Phase 2
Refinancing
Upcoming
Refinancing
Objective: Complete a strategic refinancing by December 2026, based on post-optimization value.
Phase 3
Stabilization
Upcoming
Stabilization
• The property will be re-appraised during refinancing in line with stabilized rents and optimized condition.
Project #2 :
800 Desaulnier — 16 units
Phase 0
Acquisition
Completed
Acquisition
- Purchase price: $3,000,000
- Acquisition date: August 2025
- Holding period: 0 months
- Current appraised value: $3,185,000
Phase 1
Optimization
In Progress
Optimization
Objective: Complete renovations and re-rent all units by June 2026.
Work in progress:
- Interior: unit renovations, refresh of common areas
- Exterior: masonry repairs
Progress:
- 0% of budget deployed
- 2 of 16 units currently vacant
Phase 2
Refinancing
Upcoming
Refinancing
Objective: Complete a strategic refinancing by December 2026, based on post-optimization value.
Phase 3
Stabilization
Upcoming
Stabilization
The property will be re-appraised during refinancing in line with stabilized rents and optimized condition.
We are very satisfied with the progress of the company’s projects. This second acquisition completes our round of purchases. The remaining capital to be called will be allocated to renovations and optimization work planned over the coming months.
We will keep you informed of the next capital calls in due course.
In the meantime, we wish you an excellent month of September!
Building Tomorrow’s Communities Today