Harlo Capital and a partner currently own 0.6 acres of land at Weber St. and Scott St., a highly desirable urban location in downtown Kitchener. The property has a Walk Score of 97 and is conveniently located steps away from the ION Rapid Transit System, an $868 million public investment that simplifies travel and lowers transit costs for residents in Kitchener. The area is also strategically located in a development charge exempt zone, resulting in project savings of approximately $2 million. The lack of supply for luxury rental options in Kitchener makes 59 Weber St. an attractive rental building opportunity that directly aligns with the needs of the municipality.
661-665 Huron St.
Harlo Capital and a partner acquired two multi-unit residential buildings located at 661-665 Huron St. in Toronto’s Annex neighbourhood. The partnership intends to replace the existing structures with a new rental building and enter into an agreement with the City of Toronto to register 19 of the 48 newly built units as rental replacement units. The Annex neighbourhood is serviced by the Dupont subway station, borders on the University of Toronto, and has long been known as Toronto’s student quarters.
1956-1990 Stainsbury Ave.
Harlo Capital and its partner identified an attractive opportunity to develop an 80 unit, 5 storey, purpose-built rental project in East Vancouver, BC. The partnership secured 4 properties and a municipal lane totaling 23,087 SF at the corner of Stainsbury Ave. and Victoria Dr. in the Kensington Cedar Cottage neighbourhood. Two SkyTrain stations within 850 meters connect this project to downtown Vancouver, Burnaby, New Westminster, and Surrey along the Expo Line. Other local amenities are concentrated 400 meters north at the 70-acre John Hendry (Trout Lake) Park, which features a freshwater beach, community centre, regular farmers’ market, ice rink, playing fields, performing arts facilities and walking trails.