LP Investment – Rental Building Leslieville Toronto ON

An 8-storey, purpose-built rental building comprised of 67,919 sf GCA and containing 67 co-living units
The project is managed by an experienced player in the purpose-built rental space.
It has a great location in the heart of Leslieville, next to transit. The site was bought at a discount to the market.
Zoning is significantly de-risked in that zoning approval is imminent (approval by the end of this year).
The total investment horizon for this project is estimated to be 38 months.
LP Equity Returns:
- Multiple of 1.9x
- IRR of 26%
- returns improve further under CMHC financing scenario