Skyline Apartment REIT buys third Mascouche property

Skyline Apartment REIT buys third Mascouche property

On July 28, 2021, Skyline Apartment REIT purchased a new apartment property in the city of Mascouche, QC (a suburb located north of Montreal).

The property is located at 415 rue Sicard in Mascouche and consists of one building with 73 luxurious condo-style one-bedroom, two-bedroom, and three-bedroom suites. The building is part of a multi-phase development project, Quartier 7. The total purchase price for 415 rue Sicard was $20.9M.

415 rue Sicard is located in a residential neighbourhood across from the Mascouche train station, with all essential services nearby, such as grocery stores, cafes, and schools. It is also located near a landscaped park with bike paths and trails.

The larger Quartier 7 development offers an on-site fitness centre, multi-purpose room, games area, heated outdoor pools, furnished outdoor spaces, and EV charging stations. Each suite features in-suite laundry, stainless steel appliances, quartz countertops, and other modern finishes. They also feature large windows, walk-in closets, and a large balcony.

“Skyline Apartment REIT is proud to offer additional living spaces to Mascouche residents with the purchase of 415 rue Sicard, part of the Quartier 7 development,” said Matthew Organ, President, Skyline Apartment REIT.

“Our first entry into the Mascouche market was in August 2020 with the purchase of 405 rue Sicard, the first phase of the Quartier 7 development. We received a great welcome to the city, and we’re thrilled to be expanding our presence here while providing high-quality rental suites with sought-after features and amenities.”

Quartier 7 will be managed by Gestion Danam Lacourse. Rental inquiries for Quartier 7 can be made at Quartier7Mascouche.com.

Post-acquisition, Skyline Apartment REIT comprises 236 properties in 61 communities in eight provinces across Canada, with a total of 20,527 suites.