LakeRidge. 160 Century Crossing. Spruce Grove, Alberta. APT Investments

Transcription

1 LakeRidge 160 Century Crossing Spruce Grove, Alberta

2 Who We Are Philip C. Pincus President Over 25 years of experience in real estate, accounting, and business management. Cynthia Assen Director of Marketing Over 20 years in real estate sales, development & management.

3 What We Do - APT means Buying Right Our goal Monthly cash Distributions Double your investment in 5 years Protect investor capital (Title in Your name)

4 What We Do - APT means Buying Right Actively monitor emerging markets KNOW WHEN THE TIME IS RIGHT! Taking advantage of opportunities and negotiating best terms BUY RIGHT! Leverage preserves your cash Build a portfolio of the RIGHT assets Achieve better than marker returns - Positive cash flow Buy the best quality - The RIGHT price in the RIGHT markets at the RIGHT time Hire the RIGHT professional property management - Right tenant equals lower turnover and less cost

5 How We Do It Invest in revenue-generating real estate properties; primarily residential Investors participate as Owners title in your name No participation in day-to-day operations if you elect optional rental pool Leased to creditworthy tenants - Property manager will perform credit check and background references APT will monitor Property Manager position on Condo Board

6 Lakeridge 1. Overview 2. Location 3. Features 4. Floor Plans / Pricing 5. Market Info 6. ROI 7. Summary

7 Lakeridge - Overview Spruce Grove, Alberta, Edmonton's largest western suburb. LIMITED OFFER ONLY 25 PRESALE UNITS 10-15% below appraised value First Year Lease in place Yields Positive Cashflow! Only 10% deposit required Gateway Town Center, a $100 Million PLUS mixed use project which is forecast to generate 2,670 new jobs and $114 Million in employment spinoffs -- Western Investor, May 2010

8 Lakeridge Gateway Town Center $100M Mixed Use Project in northeast corner of Spruce Grove Create 2,670 jobs and generate $114.5M in employment income

9 Lakeridge - Overview, The Builder Ridge Development Corporation Doing business since 1967 (43 years) Recent local projects Century Ridge Street and 100 Ave Vista Ridge- 100 Ave and 184 Street Mayfield Ridge Ave and 169 Street Whitemud Heights Street - 79 Ave Specializes in condominium apartments

10 Lakeridge - Location Spruce Grove which 30 kilometres west of Edmonton on Highway 16. close proximity to all educational, shopping and employment amenities access to Highway 16 to the north and Highway 16A to the south. HIghways 16 and 16A link Edmonton to Stony Plain, Edson and Jasper. McLeod Avenue provides a direct link to City Centre and Century Road.

11 Lakeridge Location, neighborhood Lakewood is new subdivision located on the east side of Spruce Grove. LakeRidge is located right across from park

12 Lakeridge Location, neighborhood Lakewood offers all the amenities and easy access to commuter arteries.

13 Lakeridge Features, Interior Colonial style finishing Oak cabinets 7 appliances (including in suite washer/dryer) Multi-panel doors Soft line wall corners Vertical blinds Upgraded textured ceilings Balcony (every suite)

14 Lakeridge Features, Building 99 units; 4 stories; wood frame; concrete foundation 4 th floor vaulted ceilings, 1 st Floor above grade slab Two elevators service each floor Two parking per unit (1 u/g and 1 energized surface) Maintenance free exterior Radiant hot water heating in suites - forced air common area 5 year New Home Warranty

15 Lakeridge Features, Construction Acrylic Stucco exterior 22 depth web truss joint system Vinyl double thermal glazed sealed Sliding window units Triple pane sliding patio doors Balconies in every suite Vinyl decking (Duradeck) Aluminum railing (enamel finish) Extra soundproofing 2 layers of drywall between ceilings and floors

16 Lakeridge - Features, photos

17 Lakeridge - Floor Plans, Site Map

18 Lakeridge - Floor Plans

19 Lakeridge - Floor Plans

20 Lakeridge - Floor Plans

21 Lakeridge Floor Plans/Pricing

22 Lakeridge Market Info Major Alberta Development Projects 1053 major projects with a total value of $240.2 billion are either under way or have been announced to start in the next two years in Alberta. With over 70% of the projects occurring in the north-central region, Edmonton is poised for prosperity. Avison Young 2010 Forecast About Alberta's Economic Results, June 2010 Alberta s economy has seen the highest rate of economic growth in Canada over the past five years. Alberta s economy has increased 3.1% per year on average, and experts believe that Alberta will continue to lead the country in economic growth over the long term.

23 Lakeridge Market Info Spruce Grove one of the fastest growing communities % growth per year for the past 5 years. Higher personal per capita incomes, just over 119% of the Canadian average Over 50% having either a college or university education. 100,000 people within the immediate trade area and over 300,000 within 20 minutes of downtown Spruce Grove. there are over 1,300 businesses licensed in Spruce Grove.

24 Lakeridge Market Info, CMHC Highlights Residential sales reported by the Realtors Association of Edmonton (RAE) increased by 22 per cent year-over-year in Q CMHC forecasts price increases 3.9 per cent in per cent in % decrease in multiple family dwelling starts in 2009 from City of Edmonton reported for the first quarter show a 34 per cent increase in the total value of building permits issued compared with the first three months of Much of this year s rebound has come from residential and institutional activity.

25 Lakeridge - Market Info, Comparative Properties Station 33rd Lakeridge quality construction will surpass the competitors. 6 Spruce Ridge 260 Spruce Ridge 240 Spruce Ridge

26 Lakeridge Market Info, Residential Sales Address Suite Year SF Asking Price Price per SF 240 Ridge $ 199,900 $ $ 199,900 $ $ 189,900 $ $ 187,500 $ $ 209,900 $ Queen $ 328,950 $ Spruce Ridge $ 239,859 $ Station - Topaz $ 225,900 $ Station - Garnet $ 228,900 $ Station - Jade $ 205,900 $ 256 Average $ SF $

27 Lakeridge - ROI Property Worksheet - Lake Spruce Grove, AB Legal Unit Number 57 Exposure West Suite Number 308 Square Feet 901 Suite Type B U/G Parkade stall # Appraised Value $ 222,000 (PSF = 246) Surface stall # 240 Cash Requirements $ $ 193,631 Base Purchase Price First Mortgage 154,905 80% GST on Sale $ - Second Mortgage $ - 0% Purchase Price $ 193,631 Down Payment $ 38,726 Price per Square Foot $ Purchase Price $ 193,631 Projected Yr 5 $243.15

28 Lakeridge - ROI PRO FORMA RETURNS This chart is for illustrative purposes only. No guarantee of the results as projected is provided. Year Original Mortgage Appreciation Cash Distribution Investment Paydown *** 1 $38,426 $0 $0 $2,934 2 $0 $0 $3,054 3 $954 $2,725 $3,177 4 $1,297 $2,835 $3,303 5 $1,651 $2,950 $3,432 Totals (5 years) $38,426 $3,902 $8,510 $15,900 Before Tax After Tax ** Your total profit over 5 years $28,312 $21,183 Your ROI (cash on cash return) 5 years 73.7% 55.1% Your annual average ROI 14.7% 11.0% * Assume the property value increases per annum by : 2.50% ** A 36% marginal tax rate is used for for After Tax calculation *** Assume property sale at end of year 5 (net of selling expenses)

29 Lakeridge -ROI Purchase Price - Unit 207 $ 192,131 Less: 1st Mortgage financing $ 153,705 2nd Mortgage financing $ - $ 153,705 CASH REQUIRED AT CLOSING $ 38,426 Projected selling price at the end of year 5 $ 217,379 Less: Repayment of Mortgage(s) $ 145,195 Selling costs (brokerage) $ 9,348 NET PROCEEDS FROM SALE $ 62,836 Plus: Cash distribtions rec'd (yrs 3-5) $ 2,949 Cumulative cash earned $ 65,785 Projected profit $ 27,359 ROI 71%

30 Lakeridge APT means Buying Right! Building costs are their lowest in years - these conditions will not last take advantage BUY RIGHT! ONLY 25 PRESALE UNITS Priced to 14% below appraisal 1 Year Lease starts at completion Positive cash flow 2 parking/ unit RESERVE TODAY ONLY 10% down! Quality Construction Heated underground parking Triple pane sliding patio doors 2 layers of drywall between ceilings and floors 22 web truss joint system Acrylic Stucco exterior Extra soundproofing Quality Finishes In suite Laundry & storage space Balcony (or patio in every suite) Upgraded textured ceilings Softline wall corners Vertical blinds 7 appliances Oak cabinets

31 Lakeridge APT means Buying Right! Building costs are their lowest in years - these conditions will not last take advantage BUY RIGHT! RESERVE your unit TODAY Reservation valid til August 15, 2010 Contract is assignable Reservation forms are on the table waive deposit for tonight only