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Open Offerings

Lundy's Lane | NIAGARA FALLS, ON

This previous "Carriage House Motor Lodge" hotel is now operating as a 91 residential suite property located close to Clifton Hill. We are working with the city to re-zone and maximize this property while leveraging affordable housing initiatives.

Number of Units: 91 residential
Acquisition Value: $7.6M
Exit Value: $13.3M
Target Project Return: 116%

COMING SOON

On Going Projects

Mariner's Watch | VANCOUVER, BC

Our first project in Vancouver is a 21 unit value-add property in the heart of Maple Ridge. With 25% of the units renovated within a month of acquisition, this will be a fast 12 month optimization project.

Number of Units: 21 residential
Acquisition Value: $4.9M
Exit Value: $6.5M
Total Project Return: 59%

ClOSED

Queenston Gardens | ST. CATHARINES, ON

The former "Queensway Hotel" was acquired in February 2022 and as of August 2022, over half of the 52 units have already been vacated and renovated . The project also includes a 12K sq. ft. basement that is planned to be converted into 7 residential lofts.

Number of Units: 76 residential + 1 commercial
Acquisition Value: $8.3M
Exit Value: $14.0M
Total Project Return: 81%

Acquisition
Construction
Completion & Exit
CLOSED

Welland Galleria | WELLAND, ON

When commercial real estate softened in 2020, we secured this residential and commercial mixed-use project, and converted 7 low-lease commercial units into 5 high-end residential lofts. The project will be completed in 18 months.

Number of Units: 17 residential, 6 commercial
Acquisition Value: $2.1M
Exit Value: $4.4M 
Total Project Return: 115%

Acquisition
Construction
Completion & Exit
Closed

Finished Projects

4637 73rd Street | CALGARY, AB

This 6 plex located in the Bowness community was acquired in November 2021, and is Bluevale's first project outside of Ontario. The optimization phase was less than 6 months and the work included renovations of all 6 units and the creation of an outdoor shared space.

Number of Units: 6
Acquisition Value: $1.0M
Exit Value: $2.0M
Total Project Return: 226%

CLOSED

30 Dickson Street | CAMBRIDGE, ON

Our Cambridge project was optimized at an incredible 100% turnover rate for all residential and commercial units. This 17.5K sq. ft. value-add project increased monthly rent from $12K to $27K in less than a year.

Number of Units: 22 residential, 3 commercial
Acquisition Value: $2.3M
Exit Value: $4.5M
Total Project Return: 117%

Acquisition
Construction
Completion & Exit
CLOSED

547 Brock Street | KINGSTON, ON

This 6 plex residential building in the student district is within minutes of Queens University and downtown Kingston. The property consists of four one-bedroom units and two two-bedroom units. This project is expected to be completed in 18 months.

Number of Units: 8
Acquisition Value: $1.0M
Exit Value: $1.6M
Total Project Return: 31%

Acquisition
Construction
Completion & Exit
CLOSED