November Investor Newsletter S.E.C. II
Highlights
We’ve made great progress on the renovations at 8692 St-Michel and have recently received city permits to replace the main entrance door and front central window of the building — great news!
The project at 800 Desaulniers is also progressing steadily since its acquisition a couple months ago. Work has begun on the property’s common areas, and brick restoration is currently underway on the building’s exterior.
Project #1 :
8692 St-Michel — 8 units
Phase 0
Acquisition
Completed
Acquisition
- Purchase price: $1,250,000
- Acquisition date: June 2025
- Holding period: 4 months
- Current appraised value: $1,805,000
Phase 1
Optimization
In Progress
Optimization
Objective: Complete renovations and re-rent all units by June 2026
Work in progress
- Renovations of one unit are currently underway
- Following the approved city permits we will have some exterior renovations done within the next couple months
- Common area renovations are completed
- Heat pumps have been installed in all units
Phase 2
Refinancing
Upcoming
Refinancing
Objective: Complete a strategic refinancing based on post-optimization value by December 2026
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: 2 month
- 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
- Common area improvements are underway to freshen up hallways and staircases
- Renovations of 2 more units are set to begin in November
- Exterior brick restoration currently underway
Phase 2
Refinancing
Upcoming
Refinancing
Objective: Complete a strategic refinancing based on post-optimization value by December 2026
Phase 3
Stabilization
Upcoming
Stabilization
- The property will be re-appraised during refinancing in line with stabilized rents and optimized condition
Agora
We’re pleased to announce that our investor portal on Agora is now live. This platform will serve as the central hub for all financial reports, key documents, capital call notices, and investor receipts. You can now view your investments and access all related materials in one convenient place.
A separate email has been sent outlining the onboarding steps for Agora. Should you have any questions or require assistance, please don’t hesitate to reach out to us.
Final note
The optimization of both projects continues to move along smoothly. To prepare for more upcoming renovations we plan on having our final capital call in the coming weeks, a formal notice will follow shortly.
Have a great month of November!
- Your real estate investment team
Building Tomorrow’s Communities Today