Windsor, Ontario 2008
• High Vacancy Rates
• Low Real Estate Values
2191 Ontario St purchased from
Croatian CU for $430k
• $256,000 spent in renovations to date.
• New boiler, brick pointing, drainage,
• Landscaping, 17 suites renovated,
• New laundry room, security cameras,
• New roof.
Reappraised @ $720K in 2010
Refinanced in 2010
Refinance in 2015
What isn’t broken in this picture? And it
was tenanted when we bought it!
Every job begins with the
dumpsters and bleach, lots
There’s a laundry
room under all this
Maple Glen Apts.
February 2010 $1.770m 48 Suites
$565,000.00 in renovations over three years.
28 units renovated, refurbished all common
areas, security cameras, replaced domestic hot
water lines, replaced lights, toilets and faucets
with energy efficient units.
Added 96 (26Mega watt) Ontario Hydro Micro-
Fit Solar Panels on a 20 yr. contract 2012
This is a marketing plan
that does not work!
There’s always a broken lounge
chair beside the dumpster!
Before and After
We had to get rid of the
• 60% Vacancy, $720,000 Spent in
repairs over three years. New boiler,
traps, valves, 14 security cameras, 41
suites renovated improved lighting,
elevator service, energy efficient refits.
Garden Court Apts Complete 2014
Substantially repaired all suites, washrooms, plumbing
supply lines, boiler, refinished hardwood floors, and
July 2012 for $1.2m
2 separately titled properties
Stratafiable (in process)
$265,000 spent in
renovations, 37 units reno’d,
new enterphone, locks,
doors, cameras, exterior
lighting, landscaping, and
we have just started here.
46 units, 30% vacancy, sashless windows, dirty,
broken and losing money!
11 Units renovated to condo quality, all units
substantially upgraded with new windows, bathrooms,
baseboard heaters, windows, appliances, blinds and
substantial exterior renovations, landscaping, perimeter
fencing, enterphones, mailboxes, security lighting and
upgraded locks through-out. $345,000.00 spent to date.
purchased July 2014 for $525kThe Maples Apartments
21 One bedroom units, 1 duplex on 2 separately
titled lots with a storage garage.
22 “Lipstick” renos, new boiler, refurbished
common areas, cameras, mailboxes, fire safety
equipment, enterphone, and common area
upgrades. $221,000 to date. 4 vacancies.
Ask me about this pink door at The Sonnet Apartments when we meet
and I will tell you how we get our great results.