Acadia Apartments

Purchased off-market in early 2023 at 20% below appraised value, the asset generated immediate equity. After under $100,000 in renovations, increased rental income supported a re-appraisal at approximately 88% above the original purchase price.

Financial Snapshot

Purchase Price - $711,000

Capital Raised - $285,000

Renovation Budget - $85,000

Refinance Valuation - $1,340,000

Annualized ROI - INFINITE – capital was repaid upon refinance

Investor Capital Returned - 100% 

Investment Highlights

  • Acquired well below market price through an off-market deal

  • Only 3 units needed renovation

  • Improved NOI by 56% within 18 months

  • Executed refinance returning 100% of investor capital

 At a Glance

Location - Southern Alberta

Acquisition Date - January 2023

Property Type - Multifamily – 8 Units

Strategy - Value-Add / BRRRRR

Hold Period - 5+ years

Status - Refinanced

We implemented a focused value-add strategy by improving both tenant quality and building security. This included removing problem tenants, installing security cameras, and upgrading to a secure video entry system, alongside renovating the remaining unrenovated units. These improvements enhanced safety, reduced operational issues, and materially improved the living experience, allowing us to attract better tenants and significantly increase rental income.

Before/After Gallery

Hallway

Bedroom

Kitchen

Bathroom

  • "Our capital was returned in 18 months and we still own our share of the asset. It couldn't have worked out any better."

    Investor, Acadia Apartments