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Article content A Mississauga-based real estate investment company has purchased the landmark Coach Inn building, which contains emergency accommodations for people experiencing homelessness as well as multiple affordable residential units. BG Wealth Properties, which says on its website that its investment strategy allows the company to renovate properties and increase rents to create “attractive cash distributions and substantial increases in the after-repair value of our buildings,” made the announcement Monday. We apologize, but this video has failed to load. Try refreshing your browser. Investment firm purchases historic Coach Inn Back to video The news ignited concerns in the community that the company would renovate the rooms at the Coach Inn and then increase the rent, as it has done with its other properties in Owen Sound, leaving the units out of reach financially for tenants in need of affordable options and further compounding the lack of ....
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