Unique Investment Opportunity

Oriole Gardens presents you with an opportunity to participate in a multi-unit residential acquisition

Each one of the three buildings is a separately registered fully functioning condominium corporation with all of the residential apartments having individual condominium title.

Currently, each of the three buildings is being professionally managed and the individual units are being leased. Each of the three buildings has its own first mortgage financing in place. This financing is over all of the units and not on each of the units individually and will stay in place during the holding period.

When the mortgage expires, the title of the individual condominium units will be conveyed to the beneficial owner. During the holding period between closing and the transfer of title, each of the buildings continue to be professionally managed with the revenue and costs for each of the buildings accounted for on a building by building basis as well as on a unit by unit basis.

The apartments in Oriole Gardens have a history of being successfully leased to tenants that are attracted to the affluent Deer Park neighbourhood.