
Shelly Manor Apartments
Shelly Manor is an 18 unit walk up apartment in a transitioning area of West Edmonton, AB.
Within 8 months of purchase, our team accomplished the following:
✔ Fully renovated all 18 suites to a condominium grade of finish
✔ Re-rented the building at an overall increase of 47% in rents
✔ Increased the building value from $1.85MM to $2.90MM.
The building was successfully refinanced with 90% of original investor funds returned, leaving investors with significant remaining equity in a cash flowing, appreciating apartment building. As 90% of original investment will be returned in 8 months, the remaining 10% is achieving a 66% annual ROI.
Before + After
