From Joint Ventures to Industrial Units: A September Real Estate Update with Simi Mehta

Real estate conditions can look very different from one Ontario market to the next.

In this September 2026 update, Simi Mehta shares what she is seeing across her portfolio and why Pembroke has been especially strong for rental demand. She also explains why she is putting more attention on industrial units in Pickering.

Simi walks through how one of her joint ventures works using a 38-unit apartment building in Pembroke as an example. Four investors brought different amounts of capital into the project and received shares based on what they invested. After the property was renovated and refinanced, the investors received their original capital back plus profit while remaining invested in the property.

She also shares an update on a Cornwall property that had two commercial units and a former gym. Simi and her team worked with the City of Cornwall to turn the gym space into six apartments. The project is nearing completion, with leasing and refinancing planned as the next steps.

In this episode, Simi discusses:

• Why she looks beyond the GTA for deals
  • The different rental conditions she is seeing in Pembroke and Kitchener
  • Her current mix of single-family homes, multiplexes, and industrial units
  • Industrial units in Pickering starting at $125,000
  • How her 38-unit Pembroke joint venture was structured
  • The difference between a joint venture investment and private lending in her business
  • The Cornwall conversion from a gym to six residential units
  • Her recent spiritual retreat and what she learned about acceptance and time

To connect with Simi, she prefers phone calls or text messages at 647-868-3955. She can also be reached at investwithsimi@gmail.com.