Urbanfabrix Repositioning Fund I

Urbanfabrix is an investment concept created to systematically reposition well-located, but physically outdated single-family homes in Toronto.

Investment Highlights

Minimum Investment



24 months

Target Equity IRR (Net of fees)*


Target Equity Multiple (Net of Fees)*



Paid upon the sale of repositioned assets


Not redeemable by unitholder

Investment Eligibility Status

Accredited investors only

Registered Plan Eligibility


  * Historical performance does not guarantee future returns. Investing in real estate is risky and you should always seek professional advice including tax advice before investing.

About the Fund

Single family homes in the city are primed for renewal, as current condo-dwellers transition to a different life stage expecting new finishes and modern amenities in their next homes. In a market segment currently dominated by mom-and-pop operators, Urbanfabrix will bring a sophisticated, programmatic approach to acquire well-located, but physically outdated single family homes in Toronto and transform them into well-designed, modern, premium dwellings. The fund targets neighbourhoods that are located along major transit lines or with quick access to major thoroughfares. Examples include The Beach, Riverdale, Corktown, High Park, Mimico, etc.


The Birchwood

Project Year: 2020

Location: Birchmount/Kingston Rd.

Description: Lot severance, two new single family datached

Investment Timeline:36 months

Purchase Price:$735,000

Total Construction Cost (excl. financing):$1,175,000, $276psf

Sale Price:$3,132,000

Annualized IRR:30.4%

Equity Multiple:19x

Front Facade (before)
169 Birchwood Ave

Front Facade (during construction)
169 Birchwood Ave

Located atop the Scarborough Bluffs just east of the Toronto Hunt Club, The Birchwood is a collection of two luxury contemporary homes located at Kingston Road and Birchmount Avenue in the trendy Toronto neighbourhood of Birch Cliff.

The project involved acquiring an older bungalow located on a double lot, completing the severance into two smaller lots, and then demolishing and building two new detached homes. The homes featured unique, premium finishes, targeting urban buyers in this
gentrifying node.

The surrounding area is rich with schools, retail shops, restaurants, parks and ravines with the beach and its endless attractions literally minutes away. The Birchwood is also a stone’s throw from one of Toronto’s most coveted neighbourhoods, The Beach.

Front Facade (after)
169 Birchwood Ave

Kitchen (after)
169 Islington Ave

Bedroom (after)
169 Islington Ave

Located in a gentrifying node of the city, the property was close to Islington/Lakeshore Blvd., in the New Toronto neighbourhood just west of the city centre.

An old detached home, originally built in 1927, and previously converted to a triplex was completely renovated back into a single family detached dwelling, complete with modern finishes and appliances.


The Islington

Project Year:: 2016

Location: Islington/Lakeshore Blvd.

Description: Detached single family repositioning

Investment Timeline:6 months

Purchase Price:$549,000

Total Construction Cost (excl. financing):$125,000, ~85psf

Sale Price:$930,000

Annualized IRR:208.6%

Equity Multiple:1.7x

Front entrance (after)
169 Islington Ave.

Urbanfabrix leverages existing trade relationships not available to mom-and-pop operators; trades successful in this space have a particular operating structure that allows them to execute multiple small projects in different locations at the same time. The fund also has a programmatic approach to construction management, which, combined with standard scopes, will allow for increased certainty of construction cost and timelines. 

Urbanfabrix Repositioning Fund I Sponsor Webinar

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About Front Street Development Group

Front Street is a real estate investment company focused on surfacing value in underutilized residential real estate, targeting urban properties throughout the Greater Toronto Area.

About Fundscraper Capital Inc.

Fundscraper is the exclusive Exempt Market Dealer for this fund. Fundscraper is an online platform that facilitates direct investments into real estate projects sponsored by proven real estate developers and owners.

Fundscraper makes real estate investing easy, transparent and accessible to qualified investors. Our technology follows best in class compliance standards, simplifies the transaction and compliance processes, and provides data driven insight for investment and lending.

Fundscraper is registered in Ontario, Alberta, British Columbia, New Brunswick, PEI, and Quebec as an Exempt Market Dealer (NRD: #53460) and with the Financial Services Regulatory Authority of Ontario as a Mortgage Brokerage (FSRA# 12859).

Our Team

Luan Ha

Dealing Representative

Luan Ha, MBA, has 15+ years of experience in commercial and mixed use real property development. Formerly serving as the AVP, Development at RioCan Management Inc., Luan oversaw a $3 billion commercial mixed use project pipeline that spanned across all of Canada in a variety of real estate asset classes.

Terence Cheng

Vice-President, Operations,
Dealing Representative

Terence Cheng, has 10+ years of real estate investing experience in both the Canadian and Asia Pacific markets. Formerly serving as a Development Analyst at RioCan REIT, Canada’s largest real estate investment trust, he managed a multi-million dollar national commercial development pipeline with projects ranging in size from 5,000 sq.ft. to over an aggregate of 1,500,000 sq.ft.

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