The Kimbrook Apartments

Largest Apartment Building in Kimberley, BC

A multi-family building with 57 residential units located at 2655 Warren Avenue, Kimberley, BC in the beautiful Canadian East Kootenays.

The Plan: $550,000 in upgrades to the building (interior, exterior) and on natural turnover, upgrade the units and bring rents up to market.

This property sold out to 550+ investors! These awesome investments go fast and they are reserved our members.

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Low Rise Residential Investment Opportunity

Term

3 Years

Estimated distribution schedule

Annually

ESTIMATED INTERNAL RATE OF RETURN

13.5%

the pics

*We estimate a 13.5% Internal Rate of Return on this property. The key numbers to explain how we make this estimate are available in your account. You can see estimated returns at the bottom of this page. Investments in this property are restricted to British Columbia, Alberta, and Ontario residents. Qualified members can invest from $1 and up to $1,500.

Property highlights

  • Over 45,000 SF of Net Rentable Area (Over 56,700 SF of Gross Building Area).
  • 3 Bachelors, 15 one-bedroom suites, 24 two-bedroom suites, 3 two-bedroom plus den suites, and 12 three-bedroom suites.
  • Constant occupancy with quality tenants and a long waiting list.
  • Amenities: Laundry room, maintenance shop, individual storage lockers, elevator, and a large common room for all the tenants to enjoy.
  • 55 underground parking stalls with 15 surface parking stalls providing convenient access for visitors and social services.

meet the kimbrook

Investment Type: Value-Add

Risk profile: 

Moderate to High

Investor type:

For investors willing to take on more risk to achieve high returns and are willing to wait longer before they begin receiving returns for their investment.

What defines the risk level?  

A Value-Add investment often has little to no cash flow at acquisition but has the potential to produce a tremendous amount of cash flow once the value has been added (for example physical upgrades, better management, added services or more effective marketing).

Community investment committee

Purchase decisions are made collectively by our community investment committee and our Board of Directors which has a track record of investing in and managing real estate (learn more here). The Investment Committee for this property includes:

RAJVINDER KHATAR
RBC EXECUTIVE | ICBC DIRECTOR

Andrew Gaucher
VICE PRESIDENT, MCKINLEY BEACH, GGROUP

Tri Quach Headshot

TRI QUACH
ENTREPRENEUR | INVESTOR

Invest in BC’s back yard and remember a simpler time of small-town hospitality feels like.

steve saretsky
REALTOR | HOST ‘THE SARETSKY SHOW

Location

View on Google Maps here

Meet kimberley

Points of Interest

  • Kimberley is strategically located in the South Eastern corner of British Columbia, just north of the U.S. Border, overlooking the fertile and beautiful Kootenay River Valley and the Rocky Mountains to the east.
  • The City’s population of approximately 7,000 enjoys living in a unique four-season resort town that offers first-class amenities, such as Wasa Lake, regarded as the best recreational lake in the East Kootenays, and one of the warmest in the province. Kimberley has beautiful 3 golf courses and an additional 4 within 30 km. A well established family ski resort, Kimberley Alpine Resort, filled with great amenities is located in this town.
  • There are endless hiking, camping and fishing opportunities. The well-planned growth of Kimberley’s golf courses, the‘Kimberley Alpine Resort’ ski area, and the city’s many new real estate developments have contributed to its prosperity and strong economy.
  • A strong economy equates to strong population growth, constant occupancy and quality tenants. As such, income growth is virtually assured. In addition, Kimberley is 30 km to Cranbrook, a thriving community with a service population of 21,000. An international airport is conveniently located 20 km away

Estimated returns

The information presented below represents expected results of a $350,000 maximum offering and may not reflect actual results. The expected return (IRR and ROI) based on your investment amount can fluctuate up or down based on many factors. Please review the entirety of this Offering Memorandum and understand the risks stated in “Item 9 – Risks Factors”. You are not liable beyond your investment amount.

2655 Warren Kimberley BC Estimated Returns

What our members are saying

“It was an easy way to invest some funds in real estate that I would normally not be able to afford on my own. It’s great to be part of something that is creating a new way of investing.”

Klaus / Toronto, ON

“My wife and I are excited to have discovered addy, and invested in a Starbucks location nearby — it’s nice to be able to participate in owning commercial real estate without putting up a bunch of money, and knowing we can drive by it anytime makes it more fun than buying stocks!” 

Shawn / Nanaimo, BC

“This is God sent, if you ask me. A chance to own a slice of commercial properties all over the country. An opportunity I otherwise wouldn’t have had had it not been for addy. I can’t thank addy enough. I eagerly await for addys to drop and with each investment, I know I’m actively improving my financial future.”

Jocelyn Armah / Google Review

How Do You Make Money?

You can make money in 2 ways:

  1. Sale of the Property: When the property is sold, any appreciation is paid back to investors in addition to their investment principal.
  2. Rental Income: When tenants pay rent, additional cash flow can be passed back to investors in the form of a distribution.

Details are outlined in the Offering Memorandum for each property.

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