[Guelph, ON – June 29, 2020]
On June 29th, 2020, Skyline Apartment REIT announced the acquisition of a property in the city of Langford, BC (a city within the Greater Victoria area on Vancouver Island).
The Star on Goldstream is located at 1085 Goldstream Avenue in Langford. The total purchase price for the property was $52.05M.
The property comprises 166 residential suites and has a mix of one and two-bedroom units. With this purchase, Skyline Apartment REIT now owns three apartment properties in the city of Langford.
Only a 15-minute drive to downtown Victoria, the property has nearby grocery amenities, restaurants, shopping, parks, and schools, as well as surrounding mountains, lakes, and beaches. It is located just south of Trans-Canada Hwy 1 connecting the city of Langford to Nanaimo in the north and Victoria to the southeast.
The Star on Goldstream will be managed by Skyline Living. The property offers an on-site fitness facility, bike storage, and a lobby lounge. The suites feature large covered balconies, stainless steel appliances, and in-suite laundry.
“We’re excited to be adding another high-quality property to our holdings in the city of Langford,” said Matthew Organ, President of Skyline Apartment REIT.
“The Star on Goldstream offers 166 modern living spaces with beautiful surrounding Vancouver Island scenery, and all amenities close by. It’s also near our other two properties in the city, The Enclave and Meaford Heights, both purchased in September 2019. We’re now proudly managing 353 residential suites in Langford.”
Rental inquiries for The Star on Goldstream can be made at TheStarOnGoldstream.com.
Post-acquisition, Skyline Apartment REIT comprises 213 properties in 58 communities in eight provinces across Canada, with a total of 18,861 suites.
Press releases are disseminated by Skyline Wealth Management Inc. (“Skyline Wealth”) on behalf of the Issuer as at the date of publication. Skyline Wealth does not undertake to advise the reader of any changes. Skyline Wealth has not taken any steps to verify accuracy. Some of the investment products offered by Skyline Wealth are from related issuers. A full list of issuers related to Skyline Wealth and details of the relationship between them is available upon request.