Investor Update: VILLA VIRTUOSO and "New" VIRTUOSO VOLARE Offerings.
  
Stay Tuned for our Next Offering VIRTUOSO VOLARE Coming Summer / Fall 2022!
Our "Villa Virtuoso" Investment Offering for our brand new construction Apartment Building is now 100% funded!
Our Next Offering VIRTUOSO VOLARE Residences is coming in the Summer / Fall of 2022 will also be fully "RRSP and TFSA Eligible"!
If you want to secure a non binding placeholder for this upcoming Investment offering email me or click the comment button below to send me a message.
This next offering will come in the form of fully BCSC compliant Subscription Agreement.
We have completed our Geotechnical Bore Hole Survey and Environmental Phase 1 Survey and all's good so far :-)
This new project is comprised of 5 residential lots totaling 41,251 square feet of land and we're informally approved to build 6 stories of apartments and 111 units.
We're currently working on design details with our Architect in preparation for Rezoning Application Submission in a couple of months.
Upcoming Events
For world class FREE Real Estate investing education Click here to Join me at the next SYNERGY REN Monthly Meetup: Wednesday, February 23, 2022.
6:30 PM to 8:30 PM PDT. The last Wednesday of each month.
Other News to Investors;
CURRENT and NEW PROJECTS
Villa Virtuoso - a 32 Unit New Build Strata Apartment Building
Construction is Progressing!
With the holiday season and unprecedented cold and wet weather behind us we are now back to full construction progress!
Despite these challenges our contractors continued to progress and passed some significant milestones over the past month.
We are excited to share that our basement concrete work is now complete, and the site is backfilled.
The ground level parking slab on glade is nearly complete and the formwork for the level two suspended concrete slab is well under way.
Framing is now scheduled to begin mid-February, so keep an eye out for February’s month-end update!
Our Next Offering;
VIRTUOSO VOLARE Residences
Again if you want to secure a non binding placeholder for our this upcoming 111 Unit Apartment Building Investment offering email me or click the comment button below to send me a message.
Forever Home
We are in the process of acquiring a share stake in a new project in Detroit MI called Forever Home.
Forever Home is a Physical Rehabilitation and Short Term Living Medical Practice that's under AIA Contract now with a General Contractor to complete renovations and should be up and running within 12 months or less.
This is a very exciting project for us as once complete and cash flowing it will provide us a model to replicate in the US within and outside Michigan and will provide investors opportunities to invest in US assets.
PAST PERFORMANCE
Despite COVID-19 Lockdowns our Multi Family / Apartment Buildings continue to capture 99% of rents and hold their value even as Commercial Store Front and Office Real Estate Asset Classes are exposes to substantial devaluations with Industrial bucking that trend and seeing substantial value gains.
Values are holding due to the relaxation of COVID restrictions for employers and the continuing Federal and Provincial Governments CERB, CRAP and other financial Relief initiatives. Through these programs and employers bringing employees back to work tenants are being provided income and or enough relief funds to pay rent, so glad I "Only Invest in Apartment Buildings".
Virtuoso Executive Office Suites - Purchased August 2020 for $450,000. We've currently invested $35,000 to Reno/Convert this under performing property into a 10 Unit "Professional Building" leasing to Lawyers, Notaries, Paralegals, Real Estate Agents, Mortgage Brokers etc. which will increase the value of this property to $1.9 Million and to offer "Virtual Office Reception" as an Add On the the Physical Office Spaces which will increase the Property's Values well beyond the $1.9 Million target.
After a long drawn out ordeal getting our building permit approved our contractor is back in the building completing renovations and we should be "Lease Ready" by end of February 2022.
Deauville Apartments - Purchased in 2015 for $1.777 Million, current value is in excess of $3.2 Million.
Walkerville Court Apartments - Purchased in 2012 for $1.977 Million, current value is in excess of $3.45 Million.
Helen Terrace Townhomes - Purchased in 2011 for $50,000 per unit, these 3 story, 3 bedroom Townhomes are currently values at $130,000 per unit.
Aaron Apartments - Purchased in 2011 for $245,000, current value is in excess of $600,000.
Contact me and I'll get you on track to profit like the investors in these projects.
Enjoy, Rick G. :-)
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