Treeview Apartments, Kingston

Value Creation

Treeview Apartments


780 Division St, Kingston, Ontario

Purchase Price: $12.15M
Cap Rate: 5.18%


  • A one-bedroom unit was being used as a storage locker

  • Tenants were not being charged market rates for parking

  • Building owner was providing free internet to tenants


  • Improving curbside appeal, both in landscaping and parking lot maintenance

  • Painting the corridors

  • Bringing all turnover suites to a minimum standard including:

    • Contemporary lighting and interior finishes
    • Replacing older appliances stainless steel appliances fridge and stove
    • Addition of over the range microwave and dishwashers as well

Appraised Value: $19.15M
Cap Rate: 4.45%
Increase in Value: 58% ($7M)