PROJECT INFOMRATION
RAYCE
Rayce is a modern 4-storey apartment project at 201 Bellamy Rd N, Toronto, designed for efficient urban living and strong long-term investment performance.
With a focused 25-unit layout, CMHC-backed financing, and a rental-driven unit mix, Rayce is positioned as a compelling mid-rise opportunity in one of Torontou2019s stable rental markets.u00a0
Rayce is an efficiently designed apartment building that combines modern architecture, practical layouts, and investor-friendly fundamentals.
The project has been structured with conservative underwriting and strong risk controls, making it attractive for buyers seeking both income stability and value creation.
RAYCE Highlights
- 25-unit apartment building.
- 4-storey mid-rise design.
- CMHC-backed financing with approximately 95% LTC.
- Strong Toronto rental fundamentals.
- NOI of approximately $520K+.
- Total project cost of approximately $8.9M.
- Exit value of approximately $11.8M+.
- Target IRR of 18%u201322%.
- Expected exit in 2.5 to 3 years.
Site Plan
Design
Rayce is planned as an efficient mid-rise apartment building with a modern architectural presence and tenant-focused functionality.
The project includes an elevator, streamlined circulation, and a design approach that prioritizes livability, operational efficiency, and long-term rental appeal.
Amenities
Residents at Rayce will benefit from a practical amenity package that supports modern apartment living.
Planned features include a gym, lockers, and bike storage, along with efficient suite layouts and a building design optimized for tenant comfort.
Unit Mix
Rayce offers a balanced residential mix tailored to the rental market.
- 5 bachelor units.
- 4 one-bedroom units.
- 16 two-bedroom units.
This mix supports broad tenant demand while maintaining strong leasing flexibility.
Location Value
Located at 201 Bellamy Rd N, Toronto, Rayce is positioned to benefit from the cityu2019s enduring rental demand and long-term housing need.
The project location and unit composition support strong occupancy potential and stable investor confidence in a market known for resilient fundamentals.
Investment Appeal
Rayce presents a clear investment case built around disciplined execution and conservative financial assumptions.
Key strengths include CMHC-insured financing, efficient LSF construction, strong rental demand, and a projected exit profile designed to support attractive returns.
Risk Mitigation
Rayce has been structured with several layers of risk mitigation to support project stability.
1) CMHC insured financing.
2) Conservative underwriting.
3) Efficient LSF construction.
4) Strong rental demand.
