Madison Pacific Properties Inc T.MPC

Alternate Symbol(s): T.MPC.C | MDPCF

Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company’s investment portfolio comprises around 54 properties with approximately 1.9 million rentable square feet (sq. ft) of industrial and commercial space and a 50% interest in two- multi-family rental properties with a total of 94 units. It offers a range of property management services for its portfolio of investment properties, which include tenant services and relationships, building operations, lease administration, property accounting and reporting and project management services. Its development properties include a 50% interest in the Silverdale Hills Limited Partnership which owns approximately 1,400 acres of development lands in Mission, British Columbia.

TSX:MPC - Post by User

Madison Pacific Properties Inc > Singles sales in Mission.

<< Previous

Bullboard Posts

Next >>

Post by undervalueon Mar 14, 2022 5:04pm

136 Views

Post# 34513118

Singles sales in Mission.

The JV is selling single detached homes. Starting at 1.4 million.
2500 pre registrations for 65 homes.
Again, speaks to the cash flow the JV will throw off.

Thank you for pre-registering for Nelson & Grove, Morningstar’s first single family home neighbourhood in beautiful Mission.
As the Sales Manager, I want to reach out to you and share some important information about the selling process at Nelson & Grove.
Viewing will be by appointment only and based on your registration date (please don’t come to the sales center unless you have an appointment).
Although prices have not yet been confirmed, I anticipate a starting price from $1,400,000+ including gst. and going up from there depending on model, lot location, and release date.
With over 2500 registrations and only 65 homes, I will do my best to accommodate everyone who is wanting to purchase, so please contact me by email between March 14th to 21st if you wish to be added to the appointment list.
In order to be fair, we will sort those requesting an appointment by the original registration date to maintain your place in que. Note, appointments do not guarantee availability or prices, but allow you to view the show homes and confirm your interest in purchasing as the homes become released for sale. Requests for appointments made after March 21^st will be scheduled once we complete the initial registration que.
In order to help you prepare, I have compiled a list of the most frequently asked questions below:
1. What is the price?
The price of a home is determined by lot and house type. Prices for specific lots will be determined when a lot is released for sale.

2. What is the deposit structure?
The total deposit is 15% divided into 3 payments as follows:

$5,000 deposit at time of contract
10 % one week later
Balance of the 15% in 90 days

3. When can I move in?
Sometime in 2023. The homes at Nelson & Grove are not yet built and will be turned over to our purchasers at a rate of 4 per month in 2023.

I hope this helps with some of the questions you may have. I look forward to meeting you soon and helping you plan your next move!

Sincerely,
Randy Rossum
Sales Manager
Morningstar Homes Ltd.
nelsonandgrove@mstarhomes.com