How Do You Make Money?
When the property is sold, any appreciation is paid back to investors in addition to their investment principal.
Details are outlined in the Offering Memorandum for each property.
READ FAQssold out
addy members can view the Offering Memorandum and due diligence within their 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.
Welcome to Wingreen Court
Opportunity to invest in a 9 building, 99 unit multi-family portfolio in Toronto that will go through a repositioning program. The Portfolio is 99% occupied and consists of 50 one-bedroom units and 49 two-bedroom units.
Wingreen Court Apartments is situated in the heart of the Don Mills community at the intersection of Don Mills Road and Lawrence Avenue East. Surrounded by an abundance of green space, it is steps away from TTC service and the Shops at Don Mills. Perfect for commuters, with easy access to the Don Valley Parkway.
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Toronto Multi-Family Investment Opportunity
Term
5 Years
Price Per Unit
$1.00
ESTIMATED INTERNAL RATE OF RETURN (IRR)*
10.33%
*We estimate a 10.33% Internal Rate of Return * on this property. The key numbers to explain how we make this estimate are located within your addy account.
Building exterior and lot
Property highlights
- 9 properties with 99 units (50 one-bedrooms, 49 two-bedrooms)
- 3.3 acre site
- Built in 1960
- 99% occupied
- Strategically located one block from the northeastern corner of the Don Mills Road and Lawrence Avenue East intersection.
- The average household income within a 3 km radius is $150,000
- The population of 330,000 people within a 3 km radius is projected to increase ~8.8% over the next five years.
- Surrounded by highly ranked schools, top retail centres, residential developments, private golf courses, and other key amenities.
- Its location allows for convenient access to public transportation as well as the Don Valley Parkway.
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).
investment committee
Purchase decisions are made collectively by our 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:
Steve Saretsky
REALTOR | HOST ‘THE SARETSKY SHOW’
Andrew Gaucher
VICE PRESIDENT, MCKINLEY BEACH, GGROUP
TRI QUACH
ENTREPRENEUR | INVESTOR
An investment in the revitalization of North York with a return!
Location
Frequently Asked Questions
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.”
“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!”
“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.”
