Owen Sound Development Illustration

Project Potential

Strategically Identified Opportunity
The city of Owen Sound is a hidden gem with immense opportunity for development that is further increased by its 20-year economic growth plan.

This tremendous opportunity aligns with BG Wealth Group’s vision and value-investing philosophy to develop undervalued properties in areas with high growth potential.

This tried-and-true approach provides high potential profits with limited risk.

Updates

Owen Sound Timeline

March 2019

Owen Sound Growth

BG entered Owen Sound in March 2019 by acquiring its first two mixed use properties which have been demonstrating strong growth factors as exemplified by our building located at 261-281 9th Street East. This building consists of 9 residential units and 6 commercial units. Upon acquisition (March 2019), residential rents ranged from $550-$750 per month for one bedroom units and $950 per month for the two bedroom unit. Commercial rents ranged from $8.50-$10.00/foot, not including taxes, maintenance and insurance (TMI).

March 2019

September 2019

Income Increase

BG Wealth Properties Inc. renovated 2 one bedroom units thereby increasing rents for the 2 units to $1,100 per month each, and the 1 two bedroom which the rent was increased to $1,400 per month. BG also filled two commercial vacancies where the new tenants completed their own renovations and increased rent to an average of $18.00 per square foot which include $4.00/foot in taxes, maintenance and insurance.

September 2019

June 2020

New Additions

BG acquired two new mixed use buildings next to its 950-2nd Avenue East property, adding 13 residential units and 2 commercial units to its portfolio. These buildings are located at 942-944 2nd Avenue East, and 948 2nd Avenue East. This brings its total portfolio to 29 residential units and 10 commercial units for a total of 39 total units. Current residential rents on these new acquisitions average $750/month offering immense opportunity to rehab units and substantially increase rents and buildings value.

June 2020

August 2020

Property Value Increase

This month we secured a new tenant for another of the one bedroom units at $1,300 per month. This unit was previously being rented at $650 per month. This increase from the $1,100 we could get last year to $1,300 this year shows there is even stronger demand and more growth possible. This increased the building value by another $100,000 based on the 8% CAP rate which is typical of downtown Owen Sound.

We had increased the value of this building by $400,000 last year from the March 2019 purchase date through these increased rent amounts.

August 2020

Why Owen Sound

"Where you want to Live"
Established in 1857, Owen Sound is in the Grey-Bruce Peninsula, two hours north of Toronto. It is the area’s largest city for business, tourism,and entertainment.

Located within easy access to all that Toronto has to offer, the city is idyllically situated in a region exploding with growth potential.

Investors in this next Canadian tourist hotspot will acquire a piece of North American history and own a part of Canada’s future.
Owen Sound Harbour

The Bruce Power Connection

$4+ B / yr Into the Economy
Located approximately 70KM away from Bruce Power, Owen Sound is the largest city in the region, poised to attract investment and growth opportunities.

In 2018, Bruce Power was given the green light to begin its 13-year major component replacement program in 2020.

The company will create and sustain 22,000 jobs and inject $4 billion into Ontario’s economy each year.

The Opportunity

The beginning of something amazing

Flexible & modern office space

BG is currently obtaining office buildings to renovate and convert into much-needed office space.

Up-to-date residential housing

We target properties in cities that are poised for economic growth.

High-end hotel accommodations

The city has a deficiency of hotel space, especially in the area of high-end and boutique accommodations, providing an opportunity to increase income with short-term rentals through Airbnb. There is also a shortage of accommodations for executives, consultants, teachers and doctors.

Upscale restaurants

The Owen Sound Chamber of Commerce and Economic Development Committee have identified a lack of upscale dining in the city. By increasing the number of high-end restaurants, we will positively support tourism and local growth. BG intends to convert existing and future spaces to accommodate upscale restauranteurs.

Harbourfont & Downtown Properties

A brief overview
Established in 1857, Owen Sound is in the Grey-Bruce Peninsula, two hours north of Toronto. It is the area’s largest city for business, tourism, and entertainment.

Located within easy access to all that Toronto has to offer, the city is idyllically situated in a region exploding with growth potential.

Investors in this next Canadian tourist hotspot will acquire a piece of North American history and own a part of Canada’s future.

Our Owen Sound Properties

$4+ Billion / yr Into the Economy from the Bruce Power Generation alone

Located approximately 70KM away from Bruce Power, Owen Sound is the largest city in the region, poised to attract investment and growth opportunities.

In 2018, Bruce Power was given the green
light to begin its $15+ billion 13-year major component
replacement program in 2020.

The company will create and sustain 22,000
jobs and inject $4 billion each year into
the economy.

6 Commercial | 9 Residential Units

Sugar Dust (261 - 281 9th St. E.)

Before
After

Sour Cat Records (261 - 281 9th St. E.)

Before
After

Residential (261 - 281 9th St. E.)

Before
After
12 residential | 1 Commercial

Artist's Coop 942 2nd Ave. E.

Art Market
1 Residential | 1 Commercial

Birgit's Pastry Cafe

Coffee Shop and Eatery
2 Commercial | 8 Residential Units

Kokoro (952 2nd Ave. E.)

Salt Spa

Coming soon!

A New Restaurant

Coming soon!!

Construction for boutique hotel to commence November 2020

Owen Sound

More About

As the largest urban community in the Grey and Bruce counties, the city represents a combined commercial market of 1,800 businesses.

Natural Environment: Tourist & Residential Appeal
• The beautiful natural environment contributes to a high quality of life and is a major draw for businesses and tourists as well as residents seeking an ideal balance between work and leisure:
• In 2012, MSN Money ranked Owen Sound as Canada’s ‘Best Place to Retire’
• The city has the largest hospital in the region
• Serving as the last stop in the historic route to freedom used by escaping slaves

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BG Wealth Properties is a growth-oriented investment property company, part of BG Wealth Group of Companies
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