XBrock Max - Pre-Construction.
Invest in a downtown Toronto hotspot!
- Project Overview
- Investment Summary
- Developer Bio
- Legal Disclosure
Concord Canada House is the last 2 towers at Concord CityPlace on Block 22. 45 acres is dedicated to residential units, retail, offices, and parks.
Next to Canada’s iconic CN Tower! Views of the city and Lake Ontario will be sublime.
ENDLESS TRANSIT OPTIONS
At the corner of Spadina & Blue Jays Way you have a PERFECT Transit score and a Walk Score of 96/100! Everything you need is within walking distance.
Walking distance to Union Station is perfect for commuting in and out of the downtown core by TTC subway and GO Transit.
Right in the entertainment district, an amazing time awaits right outside your door. The Entertainment district is home to many wonderful venues that host superb shows and entertainment. With everything from sports entertainment to classical shows, Downtown Toronto has it all.
Rogers Centre, Air Canada Centre, CN Tower, Ripley’s Aquarium, TIFF Bell Lightbox, Roy Thompson Hall
FEATURES & FINISHES
Custom medicine cabinet with mirror, shelves and built-in lighting
Wood-grain laminate vanity cabinet with soft-close hardware featuring Blum® hinges and tracks for superb quality and durability
Engineered quartz stone countertop
Kohler undermount sink with polished chrome Grohe faucet
Dual-flush toilet with soft-close seat
Recessed pot lighting
Large-format porcelain Calacatta wall tile and tub/shower surround
Polished chrome Grohe faucet, tub spout and showerhead
Walk-in full-length shower stall (where applicable) partially enclosed with frameless glass with door
Miele refrigerator with integrated panel *
Miele hood fan *
Miele dishwasher with integrated panel
Miele electric cooktop *
Miele convection oven *
Miele stackable front load washer and dryer
Panasonic microwave oven with stainless steel trim kit * 1 BR / 1 BR D suites will receive 24” refrigerator, hood fan, cook-top, and oven 2 BR / 2 BR D suites will receive 30“ refrigerator 24” hood fan, cook-top, and oven 3 BR / 3 BR D suites will receive 30” refrigerator, hood fan, cook-top, and oven
Car-sharing program for residents
Quick charge outlets
Individual quad-logic metering & vehicle compatibility
2 Bedroom + 2 Bath apartment
Address: 23 Spadina Ave, Toronto, ON M5V3M5, Canada
Developer: Concord Pacific
Total Area: 890 SQ.FT.
Enclosed area: 740 SQ.FT.
Balcony: 150 SQ.FT.
Parking: Regular Style (Limited availability)
Mountx Real Estate Capital will soon execute a Purchase and Sale Agreement to acquire the property for a Purchase Price of $1,193,000, one parking space (Regular Stall) for $73,000 and a Locker for $12,000. The total transaction amount is $1,278,000.
The capital call consist of down payment for $319,000 (25%), together with the promoter & structure fee for $70,290 (5.5%), as well as closing related costs for $70,290 (5.5%). For a total capital call of $460,080 (36%) which will be invested for a period between 18 to 24 months.
Mountx Real Estate Capital will distribute the total capital call $460,080 into 20 investment units, witch will be referred as Brocks (Building Rocks) of $23,004 each. The 20 Brocks will be sold to investors and will participate as Limited Partners and Mountx Real Estate Capital will be the General Partner and responsible of the management and commercialization of the property.
Mountx Real Estate Capital will offer the option to early capitalization after a 12-month initial period of any investor by offering their Brock or Brocks into the Second Market Platform, so a new investor can take over the position. This early capitalization will have a cost of 3.5% for legal and marketing effort and the timing for capitalization will be up to the market.
TAX AND LEGAL CONSIDERATIONS
The asset will be held by a single purpose vehicle, limited liability corporation registered in Delaware. Each partner will receive limited partner ownership units representing its investment amount (1 BROCK = $23,004).
A Delaware LLC affiliated with MountX Real Estate Capital will act as the General Partner of the holding entity, taking all legal and financial liabilities concerning the property.
The Delaware single purpose vehicle will issue securities under the SEC (Security Exchange Commision) Regulation, that will be tokenized into digital assets with blockchain technology. This digital assets will be proof of ownership of the investors legally and in MountX Real Estate Capital Platform.
Over the past 25 years The Concord Group of Companies success has continued with Canada’s largest skyline defining communities, Concord Pacific Place in Vancouver and Concord CityPlace in Toronto. Concord has further expanded with numerous large-scale master-planned communities across the Canada and is now developing in the UK. Concord has completed over 130 residential and mixed-use buildings with more than 50 in various stages of planning and development.
Live ability and green living is threaded throughout every level of our communities. Timeless design and materials, liveable floor plans that embrace the outdoors and smart storage solutions by LIV Interiors anchor every home.
Concord has always pushed the bounds in amenity offerings, delivering the country’s most robust amenities shared by many to keep operating costs down.
These comprehensive developments are often anchored by Concord built city parks, pathways, community amenities and services and are connected to transportation hubs and major businesses.
Concord Pacific Place was the first and largest of its kind and meets LEED Gold standards for neighborhood development. Elements of this model plan have been copied by major cities around the world and are built into Concords future communities.
Beyond building homes and contributing parks, recreation facilities, amenities, school sites, seawall walkways and daycares, Concord supports the people in their communities through family-oriented events and charities.
THIS CONFIDENTIAL OFFERING MEMORANDUM SUMMARY (AS AMENDED AND/OR SUPPLEMENTED FROM TIME TO TIME, THIS “MEMORANDUM”) HAS BEEN PREPARED SOLELY FOR, AND IS BEING DELIVERED ON A CONFIDENTIAL BASIS TO, PROSPECTIVE INVESTORS WHO HAVE REQUESTED INFORMATION REGARDING PURCHASING UNITS OF LIMITED PARTNER INTEREST (“UNITS”) IN MOUNTX REAL ESTATE CAPITAL AND SUBSIDIARIES (THE “PARTNERSHIP”).THIS MEMORANDUM SUPERSEDES ANY AND ALL OFFERING MEMORANDUM, TERM SHEETS, PRESENTATIONS OR OTHER OFFERING MATERIALS DELIVERED TO A PROSPECTIVE INVESTOR IN CONNECTION WITH THE PROPOSED OFFERING OF UNITS. ANY DISTRIBUTION OF THIS MEMORANDUM WITHOUT THE PRIOR WRITTEN CONSENT OF THE GENERAL PARTNER OF THE PARTNERSHIP IS PROHIBITED.
THE UNITS HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), NOR IS SUCH REGISTRATION CURRENTLY CONTEMPLATED. THE UNITS ARE BEING OFFERED IN RELIANCE UPON REGULATION D, PROMULGATED UNDER THE SECURITIES ACT. THE UNITS HAVE NOT BEEN APPROVED OR DISAPPROVED BY ANY U.S. FEDERAL, STATE OR FOREIGN SECURITIES REGULATORY AUTHORITY, NOR HAS ANY SUCH AUTHORITY PASSED ON THE ACCURACY OR ADEQUACY OF THIS MEMORANDUM. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
INVESTMENT IN THE UNITS INVOLVES SIGNIFICANT RISKS (INCLUDING RISK OF LOSS OF ALL CAPITAL AND LACK OF LIQUIDITY) THAT ARE CHARACTERISTIC OF THE TYPE OF INVESTMENT DESCRIBED IN THIS MEMORANDUM. PROSPECTIVE INVESTORS SHOULD HAVE THE FINANCIAL ABILITY AND WILLINGNESS TO ACCEPT THESE RISKS.
THE TRANSFER OF UNITS IS SUBJECT TO SUBSTANTIAL RESTRICTIONS UNDER APPLICABLE SECURITIES LAWS AND UNDER THE TERMS OF THE PARTNERSHIP AGREEMENT. DUE TO SUCH RESTRICTIONS, IT IS UNLIKELY THAT A SECONDARY TRADING MARKET FOR THE UNITS WILL DEVELOP. PROSPECTIVE INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF AN INVESTMENT IN THE PARTNERSHIP FOR AN INDEFINITE PERIOD OF TIME.
CERTAIN INFORMATION CONTAINED HEREIN CONCERNING INDUSTRY TRENDS, MARKET DATA AND OTHER MATTERS ARE BASED ON OR DERIVED FROM INFORMATION PROVIDED BY INDEPENDENT THIRD-PARTY SOURCES. NEITHER THE PARTNERSHIP NOR THE GENERAL PARTNER CAN GUARANTEE THE ACCURACY OF SUCH INFORMATION, NOR HAVE EITHER OF THEM INDEPENDENTLY VERIFIED THE ASSUMPTIONS ON WHICH SUCH INFORMATION IS BASED.
THIS MEMORANDUM CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS THAT ARE BASED ON THE BELIEFS OF, AND INFORMATION CURRENTLY AVAILABLE TO, THE GENERAL PARTNER. IN THIS MEMORANDUM, THE WORDS “BELIEVE,” “ESTIMATE,” “EXPECT,” “PLANS,” “INTENDS,” “WILL” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS. INVESTORS AND LENDERS ARE CAUTIONED THAT SUCH FORWARD-LOOKING STATEMENTS ARE INHERENTLY UNCERTAIN AND INVOLVE RISKS THAT MAY AFFECT THE PARTNERSHIP’S BUSINESS AND FINANCIAL PROSPECTS AND PERFORMANCE, WHICH WOULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE PRESENTED IN THIS MEMORANDUM. THE FINANCIAL AND OPERATIONAL PROJECTIONS IN THIS MEMORANDUM ARE NOT FACTS AND SHOULD NOT BE RELIED UPON AS BEING INDICATIVE OF FUTURE RESULTS.
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