The Property is located in Beechwood - one of the most desirable neighbourhood of Waterloo and enjoys proximity to major employment nodes (David Johnston Research & Technology Park and Waterloo Technology Park). The location is walkable to numerous retail and grocery amenities, parks and schools and is a short drive to Uptown Waterloo and the Boardwalk retail node.

The Site is well suited for redevelopment and recently received a site specific zoning approval to facilitate the development of an additional 139 units. Building drawings have been significantly advanced allowing site plan approval and building permits to be achieved within a short time frame.