Community Bonds
Invest
Invest in social impact with community bonds
The community bond program represents $2.3 million dollars in local investments, which have been generating stable and predictable returns. We have have consistently generated approximately $90,000 in annual interest payments to our current community bond holders each and every year since 2016. That’s investment revenue that stays in the community and supports community goals!
Community Bond Availability:
In 2021, we reached a key milestone, marking five years since the initial redevelopment of 42 Carden Street. This is also a renewal phase on the initial capital raise, including Series C, D, E and F from the 2016-2021 bonds. Current renewal rates are well over 70% and we appreciate each and every investor who has chosen to remain invested in the project.
There is approximately $150,000 – $200,000 currently available across Series C, E and F.
Series C – 2.75% – minimum investment $1,000
Series E – 3.0% – minimum investment $5,000
Series F – 3.75% – minimum investment $50,000
There is approximately $100,000 currently available across Series I.
Series I – 4.5% – minimum investment $50,000
If you are interested in adding social impact to your portfolio or furthering your community bond investment, please complete the intake form and the 10C staff team will connect with you for more details.
Interested in learning more?
Reach out with questions or for more information at investment@10carden.ca.
New Appraised Value of 42 Carden Street: Commercial Property Appraisal
All of the Series A-K Community Bonds are registered on a second mortgage and asset-backed by the property at 42 Carden Street which is appraised on a regular basis. This appraised value has changed over time:
| Date | Value | Increase / Decrease |
|---|---|---|
| 2015 | $2,350,000 | Initial as-built value |
| 2017 | $3,245,000 | +$895,000 |
| 2018 | $3,700,000 | +$545,000 |
| 2019 | $3,830,000 | +$130,000 |
| 2021 | $3,400,000 | -$430,000 |
| 2022 | $3,700,000 | +$300,000 |
In March 2021, the appraised value dipped by $430,000 showing the short-term impact of the Covid-19 pandemic on commercial real estate valuations. Due to Guelph’s strong economic factors, this has since recovered in the most recent December 2022 appraisal of $3,700,000.00 – providing increased value backing for our community bond holders.