Russell Suites is a 4-unit multifamily property located in Leamington, Ontario, acquired by Fergo Group as part of its strategy to expand selectively into new markets within Southwestern Ontario. The property was purchased fully vacant, presenting an opportunity for a comprehensive redevelopment.

Fergo Group completed extensive renovations throughout the building, transforming the property into a modern, high-quality rental asset. The scope of work included full interior upgrades and building improvements designed to meet current market demand and long-term durability standards.

As Fergo Group’s first acquisition in Leamington, the team was pleasantly surprised by the depth of rental demand in the area. Upon completion, the units were leased quickly at market rents ranging from approximately $1,600 to $2,300 per month, supported by strong local employment tied to the agricultural and greenhouse industries.

Today, Russell Suites operates as a fully stabilized asset, reinforcing Fergo Group’s ability to identify underserved markets, execute renovations efficiently, and respond to local demand dynamics.