Project Potential
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
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).
Why Owen Sound
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.
The Bruce Power Connection
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
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. 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
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
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.
- Two commercial units have been rehabilitated and rents have increased to an average of $18 per square foot inclusive of taxes, maintenance and insurance.
- Three residential units have been rehabilitated and rents have been increased to between $1,100-$1,300 for studios and 1-bedrooms and $1,400 for the two bedroom.
- The above has increased the value of the building by $400,000 since acquiring the building in March 2019.
- Commercial occupants include: restaurant/lounge, bakery, record store
- Currently 1 commercial vacancy
Sugar Dust (261 - 281 9th St. E.)
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After
Sour Cat Records (261 - 281 9th St. E.)
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Residential (261 - 281 9th St. E.)
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After
Artist's Coop 942 2nd Ave. E.
Art Market
Birgit's Pastry Cafe
Coffee Shop and Eatery
Village Pizzeria (950 2ND AVE.)
Pizzeria (Coming Soon)
Kokoro (952 2nd Ave. E.)
Salt Spa
The Coach Inn (1005 2nd Ave E.)
Owen Sound
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
