It’s official! The Lex, our first-ever addy in downtown Vancouver is now live and ready to take investment! This property is open to addy members on a paid membership plan. Don’t miss out on this opportunity to generate passive income.
By The Numbers:
- 5 Year Term
- 5.52% Estimated IRR (not sure what this means? See our article: How to Calculate Internal Rate of Return (for Non-Math Majors)
- Annual Distributions (estimated)
- This is a mixed-use building with 45 residential and 2 retail units located at 1249, 1253 and 1255 Granville Street, Vancouver, and known as The Lex.
- The 2 retail tenants are a nail salon and a Subway restaurant.
- The Property is located in the heart of Downtown Vancouver and is a live-work-play location.
- The Property boasts an incredible ‘walk score’ of 99 – providing residents with easy access to all that downtown Vancouver has to offer.
The Plan: Buy and Hold.
The goal is for the property to generate cash distributions for members and then a profit from its future sale.