Rockridge Landing
Built / Completion Year
2023
Capital Raised
$790,000
Target IRR (%)
16%
Location
Blumenort, Manitoba
Description:
Rockridge Landing demonstrates StoneShore’s ability to deliver quality developments on time and on budget. The project achieved full lease-up quickly and exceeded appraised value targets, validating our build-to-hold investment model. Built for durability and livability, Rockridge Landing includes two-bedroom townhome-style units designed for family tenants. The project produced stable rental income and rapid investor capital return.
Features:
20 modern townhome-style units
Completed and fully leased
Appraised over $4.3M post-construction
Strong tenant retention and ROI
Milestone | Date |
|---|---|
Construction Start | August 1, 2022 |
Build Duration | 10 Months |
Completion | June 2023 |
Lease-Up Phase | Fully Leased |
Target Exit / Refinance | 2028 |
Property details
Number of Units
20
Built / Completion Year:
2023
Capital Raised:
$790,000
Capital Returned:
66%
Target IRR (%):
16 %
Equity Multiple (x):
1.8 x
Location: Blumenort, Manitoba
Suburban town north of Steinbach — strong family demographics and stable rental base.
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What kind of investments does StoneShore Capital focus on?
We specialize in ground-up multifamily and commercial developments across Manitoba. Our projects are designed to generate steady rental income, long-term appreciation, and strong tax-efficient returns for our investors.
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