Rayce

• Rayce is a modern 4-storey apartment project at 201 Bellamy Rd N, Toronto, designed for efficient urban living and strong long-term investment performance.
• With a focused 25-unit layout, CMHC-backed financing, and a rental-driven unit mix, Rayce is positioned as a compelling mid-rise opportunity in one of Toronto's stable rental markets.

• Rayce is an efficiently designed apartment building that combines modern architecture, practical layouts, and investor-friendly fundamentals.
• The project has been structured with conservative underwriting and strong risk controls, making it attractive for buyers seeking both income stability and value creation.

Project highlights

• 25-unit apartment building.
• 4-storey mid-rise design.
• CMHC-backed financing with approximately 95% LTC.
• Strong Toronto rental fundamentals.
• NOI of approximately $520K+.
• Total project cost of approximately $8.9M.
• Exit value of approximately $11.8M+.
• Target IRR of 18%–22%.
• Expected exit in 2.5 to 3 years.

Design

• Rayce is planned as an efficient mid-rise apartment building with a modern architectural presence and tenant-focused functionality.
• The project includes an elevator, streamlined circulation, and a design approach that prioritizes livability, operational efficiency, and long-term rental appeal.

Amenities

• Residents at Rayce will benefit from a practical amenity package that supports modern apartment living.
• Planned features include a gym, lockers, and bike storage, along with efficient suite layouts and a building design optimized for tenant comfort.

Unit mix

• Rayce offers a balanced residential mix tailored to the rental market.
• 5 bachelor units.
• 4 one-bedroom units.
• 16 two-bedroom units.
• This mix supports broad tenant demand while maintaining strong leasing flexibility.

Location value

• Located at 201 Bellamy Rd N, Toronto, Rayce is positioned to benefit from the city's enduring rental demand and long-term housing need.
• The project's location and unit composition support strong occupancy potential and stable investor confidence in a market known for resilient fundamentals.

Investment appeal

• Rayce presents a clear investment case built around disciplined execution and conservative financial assumptions.
• Key strengths include CMHC-insured financing, efficient LSF construction, strong rental demand, and a projected exit profile designed to support attractive returns.

Risk mitigation

• Rayce has been structured with several layers of risk mitigation to support project stability.
• CMHC insured financing.
• Conservative underwriting.
• Efficient LSF construction.
• Strong rental demand.