The Stirling

815 & 825 Selkirk Ave, Esquimalt BC

A unique opportunity to invest in a new build, a multi-family 56 unit development in Esquimalt, BC.

The Plan: Assemble two lots and build a 56 unit, multifamily condo building.

This property sold out to 940+ Canadians! These investments sell out quickly and they are reserved for our members.

Get me a membership

*The key numbers to explain how we make this estimate are 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.

**This is the day when we issue a distribution, or the property exits — aka cash earned from doing zero things, aka #passiveincome. For this property, there is one Owners’ Day which is when it exits.

The Reel 🎥

the gram 📷

The Renderings

the highlights ✨

  • Potential opening in 2023
  • Approximately 67,761 sq. ft.
  • Conventional wood frame
  • 56 units, two buildings: (3) studios, (22) 1 bed, (9) 1 bed + den, (19) 2 bed, (3) 2 bed + den
  • Unit size between 380-825 sqft
  • Competitive sale prices, averaging $490,000 when the local average is $515,000+ (June 2021)
  • 360-degree rooftop patio with ocean and city views
  • Close to major transit corridors
  • Central, quiet street, secure parking, rooftop, easy access to outdoors, bike storage, EV chargers, dog wash station, etc.
  • View of the Gorge from the upper floors
  • Close Downtown Victoria, Gorge Vale Golf Club, CFB Esquimalt, Waterfront, BC Ferry Terminal, and Victoria International Airport
  • Walking distance to groceries, mall, medical clinics, dental clinics, bus transportation, and schools

Location 📍

Location map for 815 & 825 Selkirk Ave, Esquimalt BC

Click here to view location on Google Maps

The Neighbourhood 🏘️

  • Consistently ranked one of the best small cities in the world, Victoria is a place where business thrives and people prosper. There are multiple strong industries supporting job and population growth.
  • Victoria is a beautiful city with amenities for every age and lifestyle. Combined, this creates a high housing demand with a 1% vacancy rate.
  • Stirling development is located in Esquimalt, one of 13 municipalities in Victoria. Stable and growth-oriented council. 5-minute drive to downtown Victoria, 1 block to waterfront, and close to schools, clinics, and all amenities.
  • There is heavy municipal, provincial, and federal investment in these areas that is driving the demand and increased housing prices

BC Economy 📈

  • BC’s job growth, climate, lifestyle, diverse culture, unemployment rate, and high standard of living make it one of the best places in the world to live and invest.
  • British Columbia is a key transportation hub between the Asia-Pacific region and North America.
  • World class post-secondary education
  • Competitive business environment-saving sectors like real estate, labour, and energy up to 18%.

Victoria Economy 📈

  • Higher than average migration. Victoria’s population is consistently rising but affordable housing hasn’t been able to keep up with demand.
  • Advanced technology is the leading economic generator ($3.15 billion). Greater Victoria is also a major tourism destination ($2 billion). Government, education, military, marine, construction, health, retail, and agriculture are other sectors supporting the economy and are steadily on the rise.
  • Victoria’s 5.1% unemployment rate is lower than the national average of 6.8%. Maintained one of the lowest unemployment rates through the pandemic.
  • MoneySense sees Victoria as the number 1 place in Canada to retire. The average Canadian is retiring at the age of 64, and with the largest demographic on the verge of retiring, being 50-60 years of age, it’s reasonable to expect that this trend continues for many years to come. This will bring hundreds of thousands of new retiree’s to Vancouver Island and in particular, Victoria.

General Partner Type 🤝

GP Types - Coming Up

Coming Up

These General Partners are new and this may be their first time running a project or have not had any come to completion yet. In many cases, they have experience in a senior-level role in real estate or similar but have recently moved into the General Partner role (Learn more).

The Investment Type 💰

Investment Type - Opportunistic

Opportunistic

Risk profile: 

 High

Investor type:

For investors willing to take on the most complicated projects and that 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.

Estimated Returns 💸

The information presented below represents expected results of a $500,000 maximum offering (subject to increase as the Issuer may from time to time determine) 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.

Stirling Estimated Returns

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:

Tri Quach Headshot

Tri Quach
ENTREPRENEUR | INVESTOR

The Federal Government has invested more than $175 million in coastal communities. Esquimalt has the largest deep-sea ship repair facility on the Pacific Coast and the economic impact has brought in more than 1300 jobs to the area. This will create increased demand for housing as there is a domino effect to provide services to the workers and their families. The island remains one of the best places to live and invest in BC.

Andrew Gaucher
VICE PRESIDENT, MCKINLEY BEACH, GGROUP

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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