Property is located on the main north/south artery traversing the City of Brampton. Easily accessible from extensive surrounding residential neighbourhood and situated along the route between many notable retail destinations.

Single-tenant assets purchased as part of a 28 veterinary clinic property portfolio in Q2 2023. This property came with considerable spare land not imputed into the purchase price as TriVirtus identified the location as ideally suited for a multi-story residential tower.

TriVirtus is securing entitlements from the municipality to design and construct a 12-story tower and continues to undertake the necessary work to get the property shovel ready for an eventual sale at an accretive price to a larger residential developer.

Project statistics

Acquisition/construction

Q2 2023

Tenant

Single

Land area

30+ acres

Leasable area

120,000 f2

Project return

20%+

Construction of an additional 120,000f2. of mixed-use leasable area targeted for completion in ’28

In the process of securing municipal approval for 12-story residential tower significantly increasing the intrinsic value of the property

Asset is income producing while entitlements are being secured

Net levered return upon sale to developer will deliver accretive returns on top of historical to date