Frederica
Four PLEX value add
Thunder Bay, ON
Purpose built
This purpose built 4-Plex in the heart of Thunder Bay was acquired in need of rehabilitation to bring it back to its most useful form and value
Strategic Improvement
Improvements were made to the flooring, kitchens, bathrooms, paint, as well as restoration of the exterior of the property to improve the visual appearance and safety
Market ready
After the improvement project, Frederica was ready for market rents and in demand for tenancy, benefitting from a 43% improvement in NOI