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Sangster LP
By:
Azure Properties Group
Presenting the latest attainable condo and townhome developments in New Westminster, BC’s original capital city. Starting prices at the low $400,000’s focused on accessibility with just a 15-minute commute to Vancouver, this project offers both convenience and exceptional returns. Designed with conservative projections and a risk-mitigated 26% annualized return, it’s focused on creating a positive community impact while delivering strong returns for investors.
Location
British Columbia
Risk Profile
Moderate - High
N/A
Min. investment
$25,000
Investment Strategy
Opportunistic
ARR
26%
Horizon
5 Years
Introduction
Azure Properties Group presents Sangster LP, an exciting new development project that is outperforming the original use of the land by 5x by significantly improving the intrinsic value of the land. The land assembly was sold to Azure Properties as a 40 townhome project. Navi (principal and founder of Azure Properties Group), having his masters in architecture and Masters in Urban Planning, re-envisioned the site and has developed 194 residential units across two six-story buildings including +20 townhomes along the perimeter and is being built to align with the community’s needs and local urban goals. As a local developer with deep ties to New Westminster, Azure Properties is dedicated to creating value that works alongside the community’s goals to create appropriate housing in a strategic and sustainable manner.
Key Reasons to invest
Major Upside: We’ve taken a land assembly and increased the density from 44 homes to 194 units, including 20 townhomes—all with city support! 🏙️
Lucrative Return Structure backed by Experience and a Proven Track Record: projecting 26-30% IRR inclusive of profit sharing. Previous projects have delivered 100%+ returns, and this one is set to be even better, with conservative estimates built in for protection. 📈🔒
Strong Demand and High Growth Potential within a Prime and Accessible Location: Being within 15 minutes to Vancouver, a newly expanding hospital, post secondary institutions and growing demand for multi-family housing, combined with a high accessibility drives market appeal 💸
Limited Window: This opportunity is available to a small group of close friends and family before we open it up more widely. We’re closing this round once our friends and family give us a yes/no within the next 7-10 days and spots are filling fast! ⏰
Tax Advantaged Returns: If investing through your company the returns are taxed as proceeds of sale, not as passive income that has a higher tax rate (interest income and rental income are taxed at the highest marginal rates).
Project Overview
Sangster LP is set to transform the 47,616 square-foot site on Sangster Place and East 8th Avenue into a highly desirable residential destination. The project comprises two six-story conventional wood-frame buildings with a total of 194 units (including +20 townhomes), strategically located within a block of essential services and transit lines. With significant demand in the New Westminster area, Sangster LP’s development aligns with local community goals and is projected to yield an impressive return on investment.
Investors can expect to earn up to 30% IRR through a Preferred Rate with Profit Share structure. The developer has structured the LP agreement to prioritize investors by ensuring they receive payments first. At Azure, our focus is on mutual success and safeguarding investor interests. That's why there’s no cap on profit sharing and no complex splits—just a straightforward approach designed to maximize returns for everyone involved.
Location
New Westminster is a vibrant and centrally positioned city within Greater Vancouver’s regional district. With five SkyTrain stations, New Westminster offers a highly efficient transit network, connecting it directly to major nearby cities like Vancouver, Burnaby, Surrey, and Richmond. Sangster LP is positioned within the Victoria Heights/Glenbrooke North neighbourhood, an established residential area that blends family homes, multi-family units, and essential commercial spaces. The property also lies near key transport hubs, including the Pattullo and Queensborough bridges, linking residents to both transit and major highways. This central location, combined with the area’s ongoing residential and infrastructure improvements, makes Sangster LP an attractive investment anchored in growth, convenience, and community.
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Developer Overview
AZURE Properties Group is a development, construction and investment enterprise that believes in finding andbuilding value through a well-planned urban environment and a careful, yet deliberate approach to building.We have exceptional opportunities at all levels for investors to work with us to find and grow value in a market thatseems to be ever-escalating. Contact us to find out how to invest or to find your next development or constructionproject with our many AZURE investment projects.
Navi and Gagan Sivia have been fortunate enough to be brought up in development and construction from a young age as their family’s were pioneer’s in the land development space within the Greater Vancouver Region. They were set up on a blind date by their family’s bankers and after their wedding in 2009 they knew they wanted to grow their business to focus on much needed housing solutions through out the communities they lived in. Set out to ensure they utilize the breadth of knowledge and expertise within the couple, they set AZURE apart from other development companies.
Navi pursued a Diploma in Architectural Engineering followed by an evening and weekend only Bachers of Construction Management while managing his own townhome developments during the days. He always took a keen interest in designing his own sites before hiring a consultant team, so he wanted to fine tune his design skills through achieving both, a Master of Urban Planning, as well as a Master of Architecture. Navi's ability to locate sites prime for additional density, and then design those sites to maximize their potential through creative and collaborative solutions considering the priorities of all key stakeholders including future residents, city staff, council, engineering and transportation authorities, local businesses, environmental professionals, and neighbourhood organizations. Navi is now considered a leader in his industry and is leaned on for expert discussions for municipalities, the provincial government, and other organizations such as UDI and ULI where he forms a key part of various liaison committees.
Gagan Sivia holds a CPA, CGA, CFP designation and a degree in Accounting. Her career led her between accounting and finance industries which allowed her to become a lead expert within FP&A. Along with owning an expanding real estate development company, Azure Properties Group, she is full time faculty at BCIT. She is focused on Analytics and is passionate about data and is often participating in various speaking engagements. Being multi disciplinary has allowed her to teach abroad and win various awards. Gagan is focused on creating long-standing relationships within each community in which she and Azure Properties Group participates. This feeds her commitment to growing the power of communities throughout BC. From this commitment to community, she also delivers a variety of programming and volunteer initiatives; including, teaching financial literacy for at-risk women and children and acting as a subject matter expert and resource for community minded developers.