RECENT ACQUISITIONS & DEVELOPMENTS

RECENT ACQUISITIONS & DEVELOPMENTS

Skyline architectura and buildings in Toronto Canada

Recent acquisitions and development.

Berkshire Enterprises has been working on numerous acquisitions all over Ontario. Currently, the focal point has been to acquire, develop and maintain many commercial property types such as; industrial & commercial plaza’s and shopping centers, totaling well over one hundred million in asset value.

We believe in returning value to our acquisitions and developing them into high performing properties that benefit both our partners and investors. This also brings residual benefits the surrounding community as well as tenants.

In addition to these, we currently have applications in place (and being reviewed) by the Ministry of Long Term Care for 10 additional locations totalling 1,500 long term care beds awaiting imminent approval.

Recent Developments & Acquisitions

  • 815 Great Northern Road – Sault Ste Marie
    815 Great Northern Road – Sault Ste Marie
    Recent Acquisitions
  • 27 Roytec Road – Woodbridge
    27 Roytec Road – Woodbridge
    Recent Acquisitions
  • 102 Corkery St. – Trout Creek
    102 Corkery St. – Trout Creek
    Recent Acquisitions
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815 Great Northern Road – Sault Ste Marie

A 2-floor multi-purpose building (office/industrial) located in the heart of high density commercial district of Sault Ste Marie, that was purchased completely vacant in 2021, and subsequently filled to nearly 80% occupancy within 2 years.

The tenancy in the building is comprised of very reputable tenants (one being the Canada wide leader in its particular industry, with nearly 20 locations nationwide), all tied into multi year leases with renewal options.

The building has been enhanced by capital improvements, with continued market interest from renters and buyers alike.

Categories :
Recent Acquisitions
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27 Roytec Road – Woodbridge

A 2-floor commercial condo, with office space and retail component, located in bustling south west region of Vaughan purchased in 2020 with significant vacancies.
Within 2 years, the property was renovated and repurposed as both an Administration Office and the headquarters of Dynamic Health Management – the management arm of the Long Term Care sector of our corporation.

In addition to this, the retail component has been fully leased out to Tenants operating within the community for several years, to long term leases with renewals (including one lease term being 10+ years).

Categories :
Recent Acquisitions
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102 Corkery St. – Trout Creek

A 25,000 square feet, former government run long term care home purchased in 2018, in the Community of Trout Creek, within the municipality of Powassan, in the northeastern portion of the District of Parry Sound. The former site consists of 49 beds, with applications in place with the Ministry of Long Term Care awaiting imminent approval, previously approved for temporary license for the operation of a long term care facility.

The property is currently slated for a transitional senior’s home, and currently has a waiting list of individuals wanting to rent and/or purchase suites once ministry approvals have been granted. Dynamic Health Management will manage and operate the facility in house. On the same site, we have received a formal approval from the Ministry of Long Term Care to construct a 96 bed seniors’ long term care facility, completely government funded, in a community with an urgent need for this service.

Categories :
Recent Acquisitions

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Have Questions?  Contact us today

Invest
Develop
Grow

Have Questions?
Contact us today