Build a Mid-Size Apartment Building in Bedford & Sackville

Selectively. Mid-size apartments (12-24 units) are beyond our typical project scope, but we engage with qualified opportunities through partnership models. We look for experienced developers with appropriate capital, major urban sites with strong fundamentals, and projects where our design-build expertise adds clear value. Contact us to discuss partnership possibilities for significant development sites.

Even with CMHC MLI Select financing (up to 95% LTV for qualifying projects), expect to contribute $500K to $1.5M+ in equity depending on project size and CMHC qualification level. A typical 18-unit project at $6.5M total cost with 90% CMHC financing requires approximately $650K equity, plus reserves. Partnership structures can help qualified developers access larger projects.

At this project scale, conventional financing terms (75-80% LTV, 25-year amortization) result in marginal or negative cash flow. CMHC MLI Select transforms project economics through higher leverage (up to 95% LTV), extended amortization (up to 50 years), and below-market rates. The program requires meeting affordability, energy efficiency, and accessibility criteria, but these requirements align with best practices for institutional-quality development.

Expect 22-30 months from site identification to full occupancy. The timeline includes 3-6 months for site selection and feasibility, 6-12 months for design and approvals (longer if development agreements are required), 12 months for construction, and 4-8 months for lease-up. Complex sites or development agreements can extend timelines significantly.

Ideal sites are 15,000+ sqft in HR-1 or HR-2 zones, with access to transit and urban amenities. Corner lots or through-lots provide design flexibility. Sites should have adequate municipal services and minimal environmental or heritage constraints. We evaluate sites based on zoning alignment, neighborhood context, access and parking, and development potential relative to existing or emerging area character.