The Lex: A Mixed-Use Apartment Building

1249, 1253 and 1255 Granville Street, Vancouver

45 Strata-titled apartment suites plus 2 commercial units in Vancouver’s Downtown Core

The Plan: Hold the Property to generate cash distributions and generate a profit from the future sale of the Property.

This property sold out to 900+ investors! These awesome investments go fast and they are reserved our members.

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Term

5 Years

Estimated distribution schedule

Annually

ESTIMATED INTERNAL RATE OF RETURN (IRR)*

5.52%

*We estimate a 5.52% Internal Rate of Return on this property. The key numbers to explain how we make this estimate are located within your addy account. You can also view the table at the bottom of this page for more information. Investments in this property were restricted to British Columbia, Alberta, and Ontario residents. Qualified members could invest from $1 and up to $1,500.

Property Updates

ARTIST SERIES 🎨

Our “Artist Series” addys feature stunning murals from local artists.

The Lex features a mural that is a collab between two artists, Jarus and Marcelline Siu,

Here’s what the Vancouver Mural Society had to say about it:

“It’s a great addition to the neighbourhood and the street, and adds a burst of lush greenery to this stretch of Granville. The artists were inspired by a conversation we had about how we’re all living in the rainforest in Vancouver, and the connection between the urban environment and the wilderness. We’re especially drawn to the quality of light in the piece, and the feeling of a ‘secret garden’ or an oasis in the city.”

The new mural at the Lex Building in Vancouver BC

Building exterior and lot

Property highlights

  • 45 strata-titled apartment suites plus 2 commercial units located at 1249, 1253 and 1255 Granville Street, Vancouver. The 2 retail tenants are a nail salon and a Subway restaurant.
  • It is s a live-work-play location
  • Centrally located in the heart of downtown Vancouver
  • Concrete building constructed in 2003
  • Secure underground parking structure
  • Additional secure storage units
  • On-site fitness facility
  • The LEX boasts an incredible ‘walk score’ of 99 – providing residents with easy access to all that downtown Vancouver has to offer

meet the lex

Investment Type: Core Plus

Risk profile: 

Low to moderate

Investor type:

For investors looking for little risk with some upside

What defines the risk level?  

A Core Plus investment can typically increase cash flows through light property improvements, management efficiencies or by increasing the quality of the tenants. Similar to core properties, these properties tend to be of high-quality and well-occupied.

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

Location

Expected Return

The information presented below represents expected results of a $600,000 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 the Offering Memorandum and understand the risks stated in “Item 9 – Risks Factors”. You are not liable beyond your investment amount.

Frequently Asked Questions About This Opportunity

What is the Offering Memorandum (OM)?

This is the document that addy has pulled together that summarizes the details of this investment opportunity.

How long does it take to invest in this deal through my addy account?

Once you have reviewed all of the due diligence and read the Offering Memorandum (OM) you will need to move your funds over from your wallet and sign the OM. This takes under 8 minutes.

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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