• Baypoint Villas
  • Baypoint Villas
  • Baypoint Villas
  • Baypoint Villas

Baypoint Villas

Midland, ON

151 Marina Park
Special Situation
Luxury rentals overlooking Georgian Bay


Vision: Provide luxury rentals for long-term housing in a premium, sought after location coveted by nature lovers.


Baypoint Villas offers purpose-built rental with unobstructed views of Georgian Bay. Georgian Bay attracts nature lovers who want to take advantage of its unique combination of waterfront, parks and trails. The building is located in close proximity to cultural attractions, outdoor recreation, parks, schools and downtown Georgian Bay. The 55 units all offer bright open concept layouts, premium finishes, stainless steel appliances, fibre optic Internet and en-suite laundry.


ELM came into the project as a work-out to bring all services into the building, and procure building and occupancy permits. Originally, the units were going to be sold as condos. After studying the market, ELM transitioned the building into a rental product. ELM managed the leasing of the building and the ultimate sale to a real estate investment trust.

  • Type Income Producing
  • Class Multifamily Mid-Rise
  • Sub-class Multi-family Rental
  • Gross Residential Floor Area 69,000 sq/ft
  • Site Size 2.11 AC
  • Acquisition Date 2015
  • Commencement Date 2015
  • Completion Date 2017
  • Disposition Date 2017
  • Status Sold
  • Number of Homes 55
  • Client Investment Fund