Skyline Apartment REIT buys 15th property in Sarnia, Ontario

Skyline Apartment REIT buys 15th property in Sarnia, Ontario

On April 28, 2021, Skyline Apartment REIT purchased a property in the city of Sarnia, Ontario.

The Dorchester is located at 368 Exmouth Street in Sarnia, and consists of one building with a mix of one and two-bedroom suites, with a total of 33 suites. The total purchase price for The Dorchester was $3.35M.

The Dorchester is located close to many amenities including groceries, restaurants, parks, and transit, with easy access to downtown Sarnia and Highway 402.

The building offers balconies for each suite, as well as on-site laundry facilities and storage lockers.

“Skyline Apartment REIT is proud to be expanding its holdings in the city of Sarnia with the purchase of The Dorchester,” said Matthew Organ, President, Skyline Apartment REIT.

“The property is in a great location near one of the city’s main thoroughfares, and it is also just down the street from Elkhart Manor at 396 Exmouth Street, purchased by Skyline Apartment REIT in December 2018. With this purchase, we are now offering 879 suites to Sarnia residents.”

The Dorchester is Skyline Apartment REIT’s 15th purchase in the city of Sarnia. It will be managed by Skyline Living. Rental inquiries for The Dorchester can be made at SkylineLiving.ca.

Skyline Apartment REIT now comprises 228 properties in 61 communities in eight provinces across Canada, with a total of 19,803 suites.