2386 & 2400 NEW STREET Location Burlington, Ontario

Conveniently situated in the Roseland area in Burlington, 2386 & 2400 New Street offers spacious one, two, and three bedroom suites with scenic views of Lake Ontario. This property has received extensive capital investment over the past three years including new landscaping, new balconies, upgraded kitchens and flooring in many suites, energy efficient lighting, a new gym and a media room. There have also been 8 suites added to this property.


  • Total Suites: 238

  • Investment Timeframe: 76 Months

  • Purchase Price: $20.7M

  • Expected IRR: 50%+*

  • Equity Multiple: 5.9x*



2757 BATTLEFORD ROAD Location Mississauga, Ontario

2757 Battleford is located adjacent to Lake Aquitaine and at the corner of Erin Mills Parkway and Battleford Road in Mississauga. Including our adjacent property at 6599 Glen Erin Drive, the combined site has a land mass of approximately 420,750 square feet (9.66 acres). Substantial capital improvements have been made to these properties including new hard & soft landscaping, new entrance and lobby, hydro submetering, new elevators and energy efficient lighting.


  • Total Suites: 184

  • Investment Timeframe: 73 Months

  • Purchase Price: $23.9M

  • Expected IRR: 25%+*

  • Equity Multiple: 3.9x*



BRITANNIA BEACHFRONT Location Ottawa, Ontario

InterRent purchased this 286 unit portfolio in 2015. The average purchase price was $97,028 per unit overall, which the REIT believes was well below market value. Unit types consist of apartments, duplexes and semi-detached homes and are located along Britannia Park and the waterfront of the Ottawa River.


  • Total Suites: 286

  • Investment Timeframe: 38 Months

  • Purchase Price: $28.1M

  • Expected IRR: 40%+*

  • Equity Multiple: 3.0x*



*Based on the IFRS value at September 30th, 2018