These
buildings were built in 2012 and consist of 7- 3 bedroom and 2- 2-bedroom
Bungalows. Our strategy is to increase the rents, currently fully occupied.

The property is three bi-level town houses structures comprised of conventional wood-frame
construction. Most units are split-level with a basement and upper living area. Exteriorwalls areclad
with vinyl-paneling. There are total 7 three bed rooms units and 2 two bed rooms units.

The subject property is located within the Central Alberta municipality of Whitecourt, home to
10,204 residents, specifically. Whitecourt’s economy is largely driven by three major industries
– forestry, oil and gas industry and tourism.