Cliffside Condos

Real Estate
Toronto, Ontario, Canada
mw@lch.to
Cliffside Village Limited Partnership
Cliffside Village Limited Partnership

$6,820,000.00

Funded Of $20,000,000.00 Goal
34.1% Raised
Accredited Investor Offer. Structure
63 Days Days Left
$10,000.00 Min. investment
$1,000,000.00 Max. investment
N/A Minimum Raise
$20,000,000.00 Maximum Raise

Offering Description

The Cliffside Condos

2328-2350 Kingston Road, Toronto, ON

The gateway to south west Scarborough and the home of the famous Scarborough Bluffs, Cliffside represents a unique mix of natural beauty and modern urban living. 2350 Kingston Road is LCH Developments’ third project in the Cliffside Village neighborhood and represents the continued commitment to shaping Cliffside into a walkable and vibrant urban village.

The Plan: The plan is to turn the land into a modern condo building within 36 months and sell the individual units. This project will bring new retail and live-work businesses to the Cliffside streets, along with eight floors of residential units.

 

The Issuer

A TRUE START-UP DEVELOPMENT COMPANY.

LCH Developments, established by two driven, first-generation Polish immigrant brothers, Michal and Lukasz Wywrot, is a forward-thinking real estate development company revolutionizing the Greater Toronto Area (GTA).

This grassroots business emerged from humble beginnings in 2007 with limited resources and capital at its disposal. Through the implementation of innovative investment strategies, the brothers successfully procured an array of properties using diverse approaches such as student rentals, rent-to-own, multifamily, conversion, and buy-rent-refinance. In 2013, the brothers ventured into the domain of real estate development by constructing custom homes and townhouses. By 2017, LCH had shifted its focus to the development of high-density mid-rise buildings, prompting the pursuit of community-building initiatives and other exciting growth prospects for the company.

LCH Developments is currently completing its first major mid-rise project, “Merge Condos”, which is set to become a new iconic landmark in the growing Scarborough Bluffs skyline. With the success of this project, LCH has five other mid-rise projects with over 1,200 units in the pipeline.

What sets LCH Developments apart is the management team’s unwavering will to become a leader in the GTA development community by creating true live-work-play communities. The company’s first ‘Lifestyle Business’, Merge Spaces, a vibrant coworking hub located right next to Merge Condos in Toronto’s Cliffside Village, is a testament to this philosophy.


The Highlights

  • 194 Condominiums Units
  • 7 Live-Work Units
  • 7 Rental Units
  • 2 Commercial units
  • Brand New Building
  • Located on Kingston Rd
  • Walking distance to Scarborough GO

The Property

About Neighbourhood

Cliffside is a charming neighbourhood situated in Toronto, Ontario, Canada. Nestled close to the picturesque Scarborough Bluffs, this community offers residents a unique blend of natural beauty and suburban living. The boundaries of Cliffside encompass Kennedy Road to the west, St. Clair Avenue East to the north, Brimley Road to the east, and the stunning Bluffs along the lakeshore to the south.

During the post-World War II era, when there was a surge in population growth and the demand for housing, Cliffside emerged as a well-planned suburban housing subdivision in the early 1950s. This period witnessed the transformation of farmland into a modern and expansive residential area, catering to the growing needs of families. Notably, the southern part of Cliffside was formerly home to a golf course, adding to the neighbourhood’s unique history.

Nature enthusiasts and outdoor lovers will find solace in Cliffside, as it boasts an array of parks and green spaces. The waterfront and the Scarborough Bluffs provide a picturesque backdrop, offering residents the opportunity to enjoy scenic walks, picnics, and stunning views of Lake Ontario. Among the notable parks in Cliffside are Scarborough Crescent Park, Scarborough Heights Park, Midland Ravine Park, and the eastern portion of Bluffer’s Park. Bluffer’s Park, in particular, offers an array of amenities and is home to the renowned Bluffer’s Park Yacht Club.

For convenient transportation, the Toronto Transit Commission’s (TTC) bus system serves Cliffside, with several routes traversing the neighbourhood. Residents also have the advantage of easy access to GO Transit’s commuter rail lines, including Lakeshore East and Stouffville, through the nearby Scarborough GO station. This connectivity provides seamless travel options for both commuting and exploring other parts of the Greater Toronto Area.

In Toronto

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Offering Terms

NOTE: You will need your Bank Account Number, Transit Number, and Institution Number to Invest.

This offering is for Accredited Investors Only

Minimum Subsctiption Amount: CAD $10,000

Subscription Price: CAD $10,000.00 per Unit

Security: Class A & B Limited Partnership Units

Offering Size: up to $20,000,000

Target Returns: 

Class A

Class A-1 Units:

  • Investors earn a 21% annual, cumulative, non-compounding, return, calculated on the Capital Contribution of such Class A-1 Unitholder that are made in respect of Class A-1 Units, for the period of time commencing on the date such Capital Contribution (or portion thereof, but, for greater certainty, not including Capital Call Contributions) was made and ending on the day that such Class A-1 Unitholder’s Capital Contribution is repaid in full.

Class A-2 Units:

  • Investors earn a 16% annual, cumulative, non-compounding, return, calculated on the Capital Contribution of such Class A-2 Unitholder that are made in respect of Class A-2 Units, for the period of time commencing on the date such Capital Contribution (or portion thereof, but, for greater certainty, not including Capital Call Contributions) was made and ending on the day that such Class A-2 Unitholder’s Capital Contribution is repaid in full.

Class B-1 Units:

  • Class B-1 Units are entitled to receive the Class B Return plus 0.05063% of Cumulative Profit.

Class B-2 Units:

  • Class B-2 Units are entitled to receive the Class B Return plus 0.04200% of Cumulative Profit.

Class B-3 Units:

  • Class B-3 Units are entitled to receive the Class B Return plus 0.03237% of Cumulative Profit.

Class B-4 Units:

Class B-4 Units are entitled to receive the Class B Return plus 0.02630% of Cumulative Profit.

Please note these outlined returns and distributions are targets only, and the General Partner makes no assurances that the partnership will meet these targets.  

This is a shortened summary of the investment offering, and does not contain all details.  Please review the Limited Partnership Agreement, and Term Sheet (both attached to this offering page) in detail prior to investing.  

10/01/2023
Project launched

FAQs

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