On September 17, 2021, Skyline Apartment REIT purchased two neighbouring properties located in Niagara Falls, ON:
- 6521 Drummond Road (Victoria Park Towers), Niagara Falls, ON – 81 suites
- 6563 Drummond Road (Imperial Towers), Niagara Falls, ON – 95 suites
The total purchase price for the properties was $38.8M.
Victoria Park Towers at 6521 Drummond Road offers spacious and renovated 1 and 2-bedroom suites with open-concept design, large windows, and large glass balconies. Victoria Park Towers is located close to grocery stores, parks, restaurants, schools, shopping, and highway access.
Imperial Towers at 6563 Drummond Road offers spacious and renovated 1 and 2-bedroom suites with large windows and private glass balconies. The building also features a social room. Imperial Towers is located close to grocery stores, parks, restaurants, schools, shopping, and highway access.
“Skyline Apartment REIT is proud to offer additional living spaces to Niagara Falls residents with the purchase of Victoria Park Towers and Imperial Towers,” said Matthew Organ, President, Skyline Apartment REIT.
“Our first entry into the Niagara Falls market was back in 2008 with the purchase of Portage Place at 4613, 4615, 4617 & 4619 Portage Road. We received a great welcome to the city, and we’re thrilled to be further expanding our presence here while providing high-quality rental suites with sought-after features and amenities.”
With this purchase, Skyline Apartment REIT now owns seven properties in the city of Niagara Falls.
Each property will be managed by Skyline Living. Rental inquiries for the properties can be made at SkylineLiving.ca.
Post-acquisition, Skyline Apartment REIT comprises 240 properties in 61 communities in seven provinces across Canada, with a total of 21,462 suites.