Maple View Heights Apartments

7288 Maple Street, Mission, BC

A purpose-built rental development in BC’s Booming Fraser Valley that will include 11 affordable housing units. 

The Plan: Complete the development of a 6-storey, 105-unit, purpose-built rental apartment building on a 1.08-acre site. Own and operate the building on an income-producing basis and bring the stabilized asset to market under favourable conditions.

This property sold out to 1000+ Canadians! These investments sell out quickly and they are reserved for our members

Get me a membership

Purpose-Built Rental Development 🏗️

ESTIMATED Term

5 Years

Estimated distribution schedule

Annually Starting Late 2023

ESTIMATED INTERNAL RATE OF RETURN*

13.36%

the gram

The reel

The buzz

Cameron Rogers didn’t miss a beat when we teased out the details of our upcoming addy! In fact, he went out to the property to scope it out and sent us a quick video…how awesome is that?

A bit about Cameron

Cameron has spent 30 years in real estate development, management and related “space” leasing businesses. He’s enthusiastic about supporting a platform that helps thousands of people start that journey. He’s also one of our Believer members!

the highlights

  • Multifamily, 105 unit, 6 story rental building (with 11 affordable housing units) on a 1.08-acre development site located at View Avenue and Maple Street in Mission, British Columbia.
  • The site is well-located on Highway 7 (“Lougheed Highway”) just west
    of downtown Mission, 64-kilometres east of the City of Vancouver and
    8-kilometres north of the City of Abbotsford.
  • Walking distance to the West Coast Express, a 1 hour and 15 minute train ride to Downtown Vancouver.
  • The population of Mission is growing at a rate of 2.2% per annum – among the highest municipal growth rates in British Columbia.
  • Mission holds one of the lowest vacancy rates in the province. The project suite mix is excellent with a heavy weighting of 1-bedroom units which turnover to market rent more frequently.
  • The newest commercial area in Mission is called The Junction. This development offers a diverse mix of retail and dining amenities.
  • The Fraser Valley is experiencing a record-setting housing boom – partially
    as a reaction to the pandemic – as people opt to move from central urban
    cores to suburban locations and work from home in a larger space for the
    same or less money.

The Investment Type: Opportunistic

Risk profile: 

 High

Investor type:

For investors willing to take on the most complicated projects and may not see a return on their investment for three or more years.

What defines the risk level?  

An Opportunistic 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. Examples include developments, acquiring an empty building, land development and repositioning a building from one use to another.

The 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

Mission is the Fraser Valley’s best kept secret! Definitely a place you want to invest for the future.

TRI QUACH
ENTREPRENEUR | INVESTOR

Mission has such a high demand for affordable, purpose-built rentals and this project is exactly what they need.

Steve Saretsky
REALTOR | HOST ‘THE SARETSKY SHOW’

Mission is still largely undeveloped. It is a growing city and will continue to benefit from future migration as the population growth pushes outwards for affordability reasons. Other large developers are now planning significant redevelopment in the area which will only grow the community and the attractiveness of the city.

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.

READ FAQs

Estimated returns

The information presented below represents expected results of a $500,000 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.

Maple View Heights Estimated Returns

*We estimate a 13.36% IRR on this property. The key numbers to explain how we make this estimate will be available within your addy account. Investments in this property are restricted to British Columbia, Alberta, and Ontario residents. Qualified members can invest from $1 and up to $1,500.

Relevant Reads