The Waterview Seniors Residences
INVEST IN ONE OF NORTH AMERICA’S FASTEST GROWING SECTORS
A 15% Preferred Return Accredited Investor Offering.
This Limited Partnership return is paid out before the General Partner takes any profits.
A further 5% performance bonus incentive is offered.
Register or Call us to find out more
The Development is close to 50% constructed with a completion timeline of 18 months. Much of the equity funding has been completed. Construction debt financing was done with a senior lender. It’s a perfect time to invest.
The Development of 125 Independent & Assisted Living suites and 4,000 sq. ft. of commercial space. Pre-certified under WELL Building Standards.
- Limited Partnership Offering
- Preferred Return of 15% (Annualized)
- Short to mid term timeframe
- Completion: Spring 2025
- Minimum $25K Investment
Location
Nelson, BC
Tenant Amenity Space
10,000 sq. ft.
Commercial Lease Space
4,000 sq. ft
Status
Under Construction
Investment
Available
Completion Spring 2025
The Waterview Development Project is comprised of 125 studio, one-bedroom, and two-bedroom suites alongside 4,000 sq. ft. of commercial space. Our non-combustible steel-frame construction property is ideally situated in downtown Nelson, British Columbia and is pre-certified under WELL Building Standards.
The Waterview
The Waterview is designed to empower seniors to live their best lives with freedom, tailored levels of care, and peace of mind. Our innovative approach to well-being is centered around creating a living environment that enable residents to enjoy the next chapter of their retirement their way. It will offer an all-inclusive lifestyle for both independent and assisted living residents. See Vendureliving.ca
Project Highlights
- 6 Storey apartment-style senior living facility
- 125 Units comprised of studio, 1- and 2-bedroom apartments
- Assisted living services including managing medications, assistance with activities of daily, dietary, and assistance with behaviors/psychosocial
- Situated in downtown Nelson and is within walking distance of shopping, dining, and health services
- Demand support from a recent CMHC feasibility report identifying four+ people for every one bed available in the Nelson market.
- Owner operated which increases investment returns
The City of Nelson, British Columbia
The Waterview is located downtown in the heart of Nelson with full water and mountain views Nestled within the Selkirk Mountain Range in beautiful British Columbia, Nelson is at the heart of the Columbia and Kootenay River valleys. Located 640 km from Vancouver, 545 km from Calgary and 240 km from Washington state, Nelson is a combination of storybook charm and cosmopolitan sophistication.
SITE LOCATION – LOCATION IN THE HEART OF DOWNTOWN
The City of Nelson, British Columbia is located within the Selkirk Mountain Range in the heart of the Columbia and Kootney River valleys. Vancouver lies 640 km to the west, Calgary 545 km to the east, and Spokane Washington 240km to the south.
Nelson is known as the “Queen City” and features the highest number of heritage buildings per capita in B.C. The market study completed for this project shows a positive demand for residential accommodation and commercial services.
MARKET ANALYSIS – STRONG CURRENT AND FUTURE DEMAND
A DCR / Demand Coverage Ratio of 2 people wanting every available bed portrays market balance and signals the requirement to build new product. We are currently above a DCR of 4 see below:
* All data supplied and presented from an independent Market feasibility Study prepared by Altus Group Limited
** Assisted Living (AL)
*** Independent Supportive Living (ISL) Represents a 8.1 % capture rate (75+)
**** Demand Coverage Ratio (DCR) measures the relationship between potential market demand and competitive supply. A DCR of 2.0 contends that the market is in balance and anything above that there is demand for additional services.
Private Equity Investing at its Best!
50% Built | Leasing Soon.
RRSP & TFSA Eligible.
Registration
Contact Investment Team
Charterhouse Prime Investments
www.charterhouseprime.com
+1 (778) 945-3006
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