Spring Garden Courtyards — a CMHC MLI Select multifamily investment opportunity in Nova Scotia
Architecture in Bloom · Nova Scotia
Insured by Design.
Built for MLI Select.
Engineered for Cash Flow
Book Your Private Qualification Review*Conditions apply. Qualified investors only. Proposed CMHC MLI Select project.
The Opportunity
An Institutional-Scale Asset, Sized for a Private Investor
Spring Garden Courtyards is designed on a simple premise: that the spaces we build should always leave room for the natural world to thrive. This block is offered as a single, self-contained rental asset — engineered from the ground up for CMHC MLI Select insured financing.
Long amortization, insured debt and an undersupplied unit mix are what carry the return. Nothing here is shouted — the numbers speak in a calm register.
MLI Select, Explained
Insured Financing, Built Into the Design
CMHC's MLI Select program insures multifamily construction financing for projects that score points on affordability, energy efficiency and accessibility. Score enough points and the program permits higher leverage and longer amortization than a conventional commercial mortgage.
Spring Garden Courtyards was engineered from the ground up to reach the program's top scoring tier — an affordability tranche, accessible units and energy-efficient construction are designed in from the first drawing, not added after the fact.
The result for an investor: a fifty-year amortization, an insured loan that materially lowers carrying costs, and a debt coverage ratio the pro forma models at 1.34×, above the 1.10× CMHC requires to qualify.
Residences
A Unit Mix Built for the Family Tenant
Two- and three-bedroom homes are the format CMHC identifies as scarcest across the Canadian rental market. The block is weighted toward exactly that stock — full bedrooms, built-in storage and private terraces, from the bachelor suite to the three-bedroom townhome.
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Interior Renderings — Imagine Living Here
Amenity Architecture
The Amenity That Holds the Rent
An indoor pool, a half-court, a padel court, a resident business centre and a bookable party room — the amenity package that competes with a spare bedroom and cuts turnover.
Location & Market
An Undersupplied Nova Scotia Rental Market
Rents are set at average market for the surrounding agglomeration, in a province where two- and three-bedroom rental stock is in structural short supply.
The Community
Structure Meets Soil
Spring Garden Courtyards is a masterplan of courtyard buildings arranged around private, sun-drenched green space — a modern urban habitat where structure meets soil. This offering is one complete courtyard block within that wider community, sharing its courtyards, amenities and grounds.
Investor Qualification
How CMHC Qualifies an Investor
An MLI Select loan is underwritten against the borrowing group as well as the asset. Prospective investors should expect to be tested against the criteria below before any commitment is issued.
Qualification is determined by CMHC and the lender, not by the developer. Nothing on this page constitutes a representation that any investor will qualify, or that financing will be approved on any particular terms.
Gallery
Renderings
Renderings are artistic impressions, indicative only, and subject to change without notice.
Next Steps
From Introduction to Closing
FAQ
Frequently Asked Questions
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Private Qualification Review
Request Information
Limited opportunities available. Tell us about yourself and a member of the investment team will follow up to schedule a private call.