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 housing initiatives.

Number of Units: 91 residential
Acquisition Value: $7.6M
Exit Value: $14.0M
Target Project Return: 110%

Our first project in Vancouver is a 21 unit value-add property in the heart of Maple Ridge. With 12 of the units at varying stages of optimization in the first 3 months, 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: 106%

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: 60 residential + 1 commercial
Acquisition Value: $8.3M
Exit Value: $14.0M
Total Project Return: 70%

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: 76%

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.
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Number of Units: 6
Acquisition Value: $1.0M
Exit Value: $2.0M
Total Project Return: 315%

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: 94%

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: $1.9M
Total Project Return: 93%