Model
CMHC MLI Select
- Mid-rise · 6–8 storeys · 25–50 units
- Permit: 8–12 months
- Build: ~16 months
Nova
Niagara Falls, ON
Capital & Investment
Investment Structure
Model
CMHC MLI Select
- Mid-rise · 6–8 storeys · 25–50 units
- Permit: 8–12 months
- Build: ~16 months
Structure
GP / LP Partnership
- We act as General Partner
- Investors as Limited Partners
Returns
18% – 25% Annually
- ~15% equity required
- 25–30% asset strength (CMHC)
- Min. investment: TBD
Entry
Two Ways to Invest
- Cash investment
- Asset-based (land or property)
Project Overview
Nova is a modern 4-storey mixed-use development at 5234 Victoria Ave, combining ground-floor retail, 36 residential units, and an efficient mid-rise layout designed for long-term value in Niagara Falls.
Location Map
Project Visuals
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Project Overview
- Nova is a mixed-use building shaped around efficiency, livability, and urban activation at the street level.
- The ground floor is dedicated to retail, while the upper three floors deliver a balanced residential mix designed for modern tenants and long-term investment performance.
- Located in Niagara Falls, ON, the project is positioned in a high-demand market supported by tourism, infrastructure investment, and steady residential demand.
Nova Highlights
- 4-storey mixed-use building with a mechanical rooftop.
- 36 residential units across three upper floors.
- 334 m² of ground-floor retail space.
- Designed by AAA Architects Inc., Toronto.
- A straightforward mid-rise form with efficient floor plates and income diversification through commercial space.
Design
- Nova uses a clean, contemporary facade and a consistent floor plate across levels 2 through 4 to support construction efficiency and cost control.
- Residential floors use 3.2 m floor-to-floor heights, while the ground-floor commercial space uses a 6.2 m height to create a flexible street-level retail environment.
- The north, south, east, and west elevations follow a refined architectural language suited to the Niagara Falls urban context.
Amenities
- Nova includes a dedicated amenity area to enhance the resident experience and support competitive leasing.
- The building incorporates practical resident-focused features aligned with modern mid-rise apartment expectations in the Ontario rental market.
Unit Mix
- 15 one-bedroom units.
- 15 two-bedroom units.
- 6 three-bedroom units.
- The unit mix is designed to serve a broad tenant base, from young professionals to small families.
Investment Appeal
- Nova presents a disciplined mixed-use opportunity with efficient floor plates and a retail component that adds income diversification.
- Its design, scale, and location support stable returns in a growing Ontario market outside the GTA.
- The project benefits from proximity to urban amenities, tourism-driven economic activity, and a strong local rental market.
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Next Steps
Interested in Nova?
Reach out to discuss investment, partnership, or construction collaboration opportunities.