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Madison Pacific Properties Inc T.MPC

Alternate Symbol(s):  MDPCF | T.MPC.C

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 Mar 28, 2022 1:12pm
156 Views
Post# 34552531

Recent sale in Silverdale. 820k per acre

Recent sale in Silverdale. 820k per acreJust to remind, in really simplistic terms, MPC hold over 700 acres in Silverdale.
At this trade price, raw land is worth $578 million. Close to $10 per share pre tax.
Built out, these lands will generate a multiple of this amount.



Mission 9.9-acre potential townhome site sells for $8.2 million

Located in the Silverdale area, the land could host townhomes or single-family houses under development plans expected to finalize in the summer of 2022
entry-668-2626274352
Nault Group, HomeLife Advantage Realty, Abbotsford, B.C., for Western Investor

Type of property: Land

Location: 31061 Gunn Avenue, Mission, B.C.

Land size: 431,244 square feet

 

Land size, in acres: 9.9 acres

Potential: Low-rise residential development

List price: $9 million


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