One West

1 West Avenue S, Hamilton, Ontario

A 3 story mixed-use brick and beam office and retail space in the heart of downtown Hamilton, Ontario. It was home to the first Canadian Tire and now features a stunning mural called Raise.

The Plan: Increase rental income through attracting innovation-driven businesses and proactive management, and explore adding 2 floors to the building.

This property sold out to 650+ Canadians! This addy sold out in 13 hours and it was reserved for our members.

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Mixed-Use Retail & Office Space

Term

4 Years

Estimated distribution schedule

None

ESTIMATED INTERNAL RATE OF RETURN

20.9%

the gram

*We estimate a 20.9% Internal Rate of Return 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.

the reel

the highlights

  • Once a neglected office building with high vacancy and low interest, One West is now an A-class brick and beam office building with an award-winning mural celebrating its rich history.
  • One West is now a well-recognized landmark and standout building in the busy streetscape of King Street East in downtown Hamilton, and home to a number of prominent Hamilton businesses.
  • It was home to the very first Canadian Tire!
  • 15 parking spaces are located on-site
  • A 19,907 sqft retail and office space. The building is surrounded by residential and commercial properties. The building has 10 commercial units and 8 are tenanted.
  • Located on the corner of King Street E and West Ave S and contains incredible visibility with westbound traffic headed into downtown and Mountain bound traffic travelling along the Claremont access.
  • It’s in an area that provides a potential building height of 44 meters.
  • D5 Downtown Residential Zoning allows for a variety of mixed-uses such as Dwelling Unit, Office, Restaurant, Retail for example.

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

TRI QUACH
ENTREPRENEUR | INVESTOR

Forget Toronto, Hamilton is what’s going on in Ontario!

Location

1 West Ave Map

View on Google Maps here

expected return

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.

One West Expected Return

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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