Highpoint Developments

We treat each project as a unique opportunity  to create inspired developments that define communities and help our tenants thrive.

Edmonton 112ST NW

Introduction

Located in the vibrant neighbourhood of Garneau near the Univeristy of Alberta main campus, this two-tower mixed use concept features student housing, rental accommodations and commercial leasing opportunities. The project is anticipated to be comprised of approximately 10,500 sq. ft. of commercial and retail space fronting 112th Street and approximately 157,000 sq. ft. of residential area, with three levels of parking below grade.

Municipal Address 112 Street & 86 Avenue, Edmonton, Alberta
Zoning Commercial Office Zone (CO)
Site Area Lot area (sqft) 24,205; lot shape (regular)
Unit type Number of units Avg sq/unit
Studios 46 386
1 bedroom 151 550
2 bedroom 31 750

Development Opportunity

  • FAR 7.0
  • 228 total residential units
  • 10,500sq of commercial space
  • 8,900sq combined indoor and outdoor amenity area
  • Opposite University of Alberta Hospital

Edmonton vacancy rates are going down

2016
7.1
2017
6.9
2018
5.3
2019
4.9

Nearby Amenities

Next door to the University of Alberta and its teaching hospital, the established neighbourhood of Garneau bustles with people year-round, perched on the southern bank of the North Saskatchewan River. With an arthouse cinema, and independent cafes and shops lining many of the major streets, the vibrant energy expands well beyond the school year. Amenities are in large supply including banks, grocery stores and pharmacies as well as access to the University and Health Sciences LRT stations. One of the oldest neighbourhoods in the city, it has many apartment buildings, condos and historic homes.

Garneau is one of the oldest neighbourhoods in the city of Edmonton

Vacancy rate moved lower with slight increase in rents (2020 CMHC report)

Despite of a tighter vacancy level, Edmonton saw greater rental supply in both purpose-built and condominium rental markets. An additional 2,009 units were added to the overall rental universe in Edmonton from these two rental markets, with more than half being condominium rental units. However, rental demand continued to outpace supply, partly attributable to the steady population growth in 2019, mostly driven by international and interprovincial migration.

U of A home to 40,000+ students

University of Alberta Hospital, considered one of the nation's leading research and teaching hospitals

168 Division Street

Introduction

168 Division Street apartments, is a 35 unit Class ‘A’ multifamily rental housing development, geared towards the student market, specifically those attending Queen’s University. This project is located south of Princess St. at the southwest corner of Division and Garrett streets. Perfectly situated within ‘The Hub’ (a popular area among Queen’s University students), 168 Division Street is not only surrounded by amenities, it is also just minutes from the core of a vibrant downtown, Queen’s University campus and lush city parks.

This six-storey development boasts 2600 square feet of prime retail space and 35 residential units. The unit mix, as currently planned, will consist of sixteen 2 bedroom units, eight 3 bedroom units and eleven 4 bedroom units. Each suite layout has been carefully crafted to maximize living space with functionality.

Municipal Address 168 Division St, Kingston, Ontario K7L 3M6
Zoning Bylaw 2019-108 amended bylaw 8499 changing from ‘C’ zone to site specific ‘C.570’ zone, 168 Division St
Site Area lot area (sqft) 13,000, lot area (acres) .2984, lot shape (irregular)
Unit type Number of units Avg sq/unit
2 bedroom 16 units 717sq
3 bedroom 8 units 1000sq
4 bedroom 11 units 1176sq
Retail Space 2600sq

Development Opportunity with New site specific Zoning

  • Zoning approved August 1, 2019
  • 35 units; 100 beds
  • 2600 sq of commercial space
  • Infill development
  • Full site development
  • 1:1 bedroom to bathroom ratio

Kingston 2018 vacancy rate the lowest in Ontario

Kingston
0.60%
Toronto
1.10%
Gueloh
1.40%
Peterborough
1.50%
Ontarion
1.80%
London
2.10%
Belleville
2.40%
Barrie
2.90%
Hamilton
3.10%
Thunder Bay
4.90%

Nearby Amenities

  • Grocery Store
  • University
  • Dine-in & Take-out Restaurants
  • Transit / Bus stop
  • Recreation Centres

Kingston’s vacancy rate 0.6% the lowest in Ontario for 2nd year in a row

Demand increased at a stronger pace than supply

10 Year average vacancy rate sits @ 1.6% compared to Ontario’s provincial average of 2.4%

With 95% of the student population being from outside the borders of Kingston, the rental demand continues to grow. Queen’s University only offers 4,500 beds on campus. With an enrolment of 29,609 students (24,270 Undergraduate 5339 Graduate), that leaves the majority (85% of the students) requiring off-campus housing. With the high rental demand, Kingston provides landlords with the low vacancy rate of 0.7% as well as higher than normal rental rates.

With the increase of international enrolment up by 15.5% from the previous year, Queen’s university has already surpassed 2020’s goal. The enrolment statistics prove to grow at a steady rate year over year, ensuring the demand to secure housing will only rise in future years.

14 Garrett Street

Introduction

14 Garrett Street apartments, is a 18 unit Class ‘A’ multifamily rental housing development, geared towards the student market, specifically those attending Queen’s University. This project is perfectly situated within ‘The Hub’ (a popular area among Queen’s University students), 14 Garrett Street is not only surrounded by amenities, it is also just minutes from the core of a vibrant downtown, Queen’s University campus and lush city parks.

This four-storey development boasts 900 square feet of retail space and 18 residential units. The unit mix, as currently planned, will consist of nine 2 bedroom units and nine 3 bedroom units. Each suite layout has been carefully crafted to maximize living space with functionality.

Municipal Address 14 Garrett Street, Kingston, Ontario K7L 3M6
Zoning Existing ‘C’ Zoning, 14 Garrett St., minor variance
Site Area lot area (sqft) 9,844, lot shape (regular)
Unit type Number of units Avg sq/unit
2 bedroom 9 units 712sq
3 bedroom 9 units 965sq
Commercial 900sq

Development Opportunity with minor variance

  • Minor Variance Approved April 20, 2020
  • 18 units; 45 bedrooms
  • 900sq Commercial space
  • Infill development
  • Full site development
  • 1:1 bedroom to bathroom ratio

Kingston 2018 vacancy rate the lowest in Ontario

Kingston
0.60%
Toronto
1.10%
Gueloh
1.40%
Peterborough
1.50%
Ontarion
1.80%
London
2.10%
Belleville
2.40%
Barrie
2.90%
Hamilton
3.10%
Thunder Bay
4.90%

Nearby Amenities

  • Grocery Store
  • University
  • Dine-in & Take-out Restaurants
  • Transit / Bus stop
  • Recreation Centres

Kingston’s vacancy rate 0.6% the lowest in Ontario for 2nd year in a row

Demand increased at a stronger pace than supply

10 Year average vacancy rate sits @ 1.6% compared to Ontario’s provincial average of 2.4%

With 95% of the student population being from outside the borders of Kingston, the rental demand continues to grow. Queen’s University only offers 4,500 beds on campus. With an enrolment of 29,609 students (24,270 Undergraduate 5339 Graduate), that leaves the majority (85% of the students) requiring off-campus housing. With the high rental demand, Kingston provides landlords with the low vacancy rate of 0.7% as well as higher than normal rental rates.

With the increase of international enrolment up by 15.5% from the previous year, Queen’s university has already surpassed 2020’s goal. The enrolment statistics prove to grow at a steady rate year over year, ensuring the demand to secure housing will only rise in future years.

Current Assets

Highpoint Developments currently manages over $100 million of commercial and multifamily real estate on behalf of both private family funds as well as high net worth clients.

At Highpoint Developments, we aim to deliver optimal risk-adjusted returns throughout all phases of the investment cycle by investing in high quality, commercial and multifamily properties across Canada with strong income-producing characteristics and the potential for long-term growth.

420 Cougar Street

Introduction

420 Cougar street, is a 36 unit Class ‘A’ multifamily residential housing development located in the heart Banff. Just minutes from Banff avenue, tenants are walking distance to all the amenities the town of Banff has to offer. The 2 1/2 storey development consists of fifteen 1 bedroom units, twenty 2 bedroom units and one 3 bedroom unit.

Banff is an internationally recognized resort Town and is one of Canada’s most popular year-round tourist destinations famed for its spectacular Rocky Mountain setting and renowned outdoor recreational activities.

With a footprint of only 4.88 square kilometers, Banff is home to the main concentration of the Park’s residential dwellings, hotels and lodging, shops, businesses, bars and restaurants that serve the ever increasing numbers of residents and visitors to the Park.

Municipal Address 418 - 420 Cougar Street, Banff, Alberta, T1L 1A3
Zoning RCR
Site Area Lot Area (sqft) 18,244, Lot Area (acres) .4188, Lot Shape (rectangular), Width 131 Ft Depth 158 Ft
Unit type Number of units Avg sq/unit
1 bedroom units 15 385
2 bedroom units 20 600
2 bedroom units 1 798

Development Opportunity with current Zoning

  • Two lots- 418 + 420 Cougar Street
  • 2 adjacent properties appear to have already been redeveloped likely to their maximum residential density permitted
  • Entire site area is about 18,245 s.f.
  • The current RCR zoning for these sites permits apartment and fourplexes.

Banff Population Growth

2011
8021
2016
8959
2021
9595

Nearby Amenities

  • Hot Springs
  • Ski Resorts
  • Hiking Trails
  • Recreation Centres
  • Grocery Stores
  • Restaurants
  • Pharmacy

Need to reside criteria requiring those living in Banff to have a job in Banff

Estimate current shortfall of rental housing units to be in between 475 and 750 units

2014 Banff Community Housing Strategy suggests the rental housing shortage is Banff’s most pressing need

Banff Housing Corporation just finished affordable housing build adding 130 units; still leaving large shortfall

Banff Vacancy rate has been 0.6% since 2017 (2017 Alberta Vacancy and Rental Cost Survey) 0% prior to that (CBC News · Posted: Apr 23, 2015); healthy vacancy 2.5% -3.5%

Who We Are

At Highpoint, our development team applies creative solutions that extend beyond our projects to include the people we employ, the tenants we house, the suppliers we engage and the communities in which we operate. For the past 3 years we have increased our focus on more urban mixed-use projects across Canada.

Our in-house dedicated management team consists of highly-talented housing professionals from an array of educational backgrounds and experiences. Our proactive management style reflects an understanding of the unique demands our tenants face today. This has led to many “firsts” in the areas of customer service. We treat our residents with the utmost respect and strive to meet their needs well beyond their rental apartment. We continue to keep our eyes, ears, and minds open. We not only work with our residents to provide a home, but we work to create a comfortable residential community in which to live. 

At Highpoint, we strive to provide a safe and happy home to our residents while providing our investors with long-term, predictable returns and cash distributions.

25+ years experience
25+ years experience
Premium features
Premium features
Stunning architecture
Stunning architecture
Family Owned
Family Owned

See the Difference with Highpoint

Investment Philosophy

At Highpoint Developments, we combine a fundamental, value-oriented investment approach with independent research and insights derived from our years of experience to identify high quality, well-located properties with sustainable income and potential for long-term capital appreciation. We believe superior cash flow and long-term returns can be achieved through active, hands-on strategic asset management.

We assess each property on its own merit and consider its impact on the broader portfolio. Our primary goal is the preservation of capital and the maximization of risk-adjusted returns for our clients.

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