Invest in shares of prime real estate without the landlord headaches

How Does Crowdfunding Real Estate Work?


Buy shares of lucrative income-producing real estate properties and own direct real estate – without the landlord headaches.


Monitor your portfolio online down to the smallest detail – see detailed real-time reports showing the monthly incomes of each apartment unit and corresponding expenses – view exactly how your profit is generated.


Earn passive income each month paid directly into your bank account. Your investment value grows as the mortgage is paid down and if property values appreciate.

In the News

Open Avenue wants to bring crowdfunding to real estate Proposed crowdfunding website to finance real estate projects Investors invited to join the crowd

Upcoming Events

Equity Crowdfunding Toronto Event

See Tim speak at the 2014 Canadian Equity Crowdfunding Conference

Thursday, April 24, 2014 – Toronto, ON
67 Richmond St. W.

8:30 am – 5 pm



Unlike large-scale REIT and investment funds, you get to choose which investment properties to fund, giving you the ability to diversify your investment portfolio and the potential to transform your community.

Who we Are

About Us

Open Avenue was founded by the partners of Revel Development Corporation (formerly The Madison Group) to provide community members with attractive real estate investment opportunities. Revel Development Corporation is an established Kitchener-Waterloo based real estate developer with private holdings of over 1000 apartment units valued at over $150 Million. Revel’s competitive advantage is derived by being a full end-to-end real estate company, with wholly-owned Property Management, Construction and Development divisions. The leadership team of Stephen Litt, Adam Overing, Andrew Teeple and Tim McKillican has a combined 30 years of experience in real estate development and management and has achieved its success through a thorough understanding of the marketplace and intelligently managed risk.

Our Mission

  1. We believe everyone should have the opportunity to invest in quality direct real estate
  2. We believe real estate investment should be 100% transparent, so that you know exactly what bricks and mortar you own and how your income is being generated.
  3. We believe you shouldn’t have to put up tens of thousands of dollars into a single property. Investors should have the opportunity to pool together to own investment-grade property without layers of management diluting their investment.
  4. We believe you shouldn’t have to plunge toilets and deal with midnight tenant phone calls in order to own real estate.

Meet the Team

Stephen Litt

Founder and President of Revel Development Corporation

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Stephen Litt

Tim McKillican

Founder and President of Open Avenue

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Tim McKillican

Adam Overing

Founder and President of Revel Management

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Adam Overing

Andrew Teeple

Founder and President of Iron Horse Construction

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Andrew Teeple

Why Invest?

How does real estate generate investment returns?

1. Cashflow

Tenants pay rental income each month that cover all property expenses – mortgage payment, insurance, maintenance, property tax, utilities, etc.   The leftover cashflow is distributed directly to investors, monthly.

2. Mortgage Paydown

The monthly rental income pays down the mortgage balance each month, increasing your equity in the property and corresponding account value.

3. Market Growth

If market rents increase due to various factors such as building improvements, a growing economy, increased immigration, or inflation – the earning potential of your property increases and so does its value and your investment share.

Are you ready to build your community?

View Investments

Community Feedback

  • I’ve always been interested in owning investment property but I wasn’t interested in managing it on my own. Open Avenue has provided me with a perfect opportunity to become a real estate investor without worrying about toilets, tenants and upkeep.

    Gavin Kendrick
  • I love being able to view online in real-time how my investments are performing – I can see up-to-date performance values and expected returns, and even verify that all my tenants paid their rents last month.

    Jesse Johnston


We'd really love to hear from you so why not drop us an email and we'll get back to you as soon as we can.


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