Purpose-Built Rental Portfolio

West Meadows — Horizon Apartments

72-Unit Purpose-Built Rental Portfolio

Two identical 3-storey mirror buildings featuring 72 premium apartments in Picton’s successful West Meadows subdivision. Fully built and stabilized — zero construction or lease-up risk.

Rental Apartment Units

$24.5M

Combined Portfolio Value

4.55%

Capitalization Rate

Investment Overview

72 Units · Two Mirror Buildings · Turnkey Investment

Horizon Apartments is a premium purpose-built rental development featuring 72 apartments across two identical 3-storey, wood-frame mirror buildings in Picton’s successful West Meadows subdivision. Both buildings are fully built and require zero construction or lease-up risk.

Portfolio Acquisition: Combined portfolio purchase price of $24,500,000 ($12.25M per building) for 44,844 SF of net leasable area.
Strong Operating Returns: Stabilized combined Net Operating Income (NOI) of $1,115,922 per year, representing a 4.55% cap rate.
Attractive Unit Mix: Efficient layouts ranging from bachelors ($1,290/mo) to spacious two-bedroom corner suites ($1,929/mo).
Ancillary Revenue: Generates additional income from parking, storage lockers, and laundry services, totaling $96,916/yr.

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West Meadows Horizon apartment buildings aerial

West Meadows Ground Floor Apartment Layout

See West Meadows Come to Life

A building fly-through and Prince Edward County introduction showcasing the Horizon 1 & 2 apartment portfolios in Picton’s successful West Meadows subdivision.

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This page is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or real property. All projected returns, rental incomes, and financial estimates are forward-looking and based on assumptions that may not materialize. Past performance is not indicative of future results. Investors should conduct their own due diligence and consult with qualified legal, tax, and financial advisors before making any investment decision. Port Picton Homes makes no guarantees regarding the accuracy or completeness of the information presented. All renderings are artist’s concepts and may not reflect the final product. Pricing, availability, and terms are subject to change without notice.