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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

Post by undervalueon Apr 27, 2023 1:12pm
165 Views
Post# 35417384

Silverdale land values.

Silverdale land values.A couple new Silverdale land listings range from a million to 1.3 an acre. Most of the Agents are indicating that phase 1 gets rolling later this year.
MPC has land on the books for around $75k per acre. This is a significant arb between Public traded share prices and the real time market prices. It is a multiple of the current share price for the entire entity.

$6,900,000
 
Favourite

30925 SILVERDALE AVENUE
Mission, British Columbia V4S1H2

MLS® Number: R2771672
3
 
Bedrooms
 
3
 
Bathrooms

Listing Description

Just over 5 acres of land in the desirable Silverdale area. It is situated is Phase 1 of the development. This property is a mix of townhome & single family homes. Has the potential to be joined together with the neighboring property. Polygon, the main developer in Silverdale, has over 1000 acres and will be starting to develop very soon. Do not sleep on this opportunity! (28283662)

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