[Skip to Content]

Skyline Apartment REIT Enters New City of Mascouche, QC

Posted On August 21, 2020

[Guelph, ON – August 21, 2020]

On August 21st, 2020, Skyline Apartment REIT announced the acquisition of a property in the city of Mascouche, QC (north of Montreal).

Quartier 7 (Q7-1) is located at 405 rue Sicard in Mascouche. The total purchase price for the property was $19M.

Skyline Apartment REIT Mascouche QC purchase2

The property comprises 73 residential suites and has a mix of one, two, and three-bedroom units. This is Skyline Apartment REIT’s first purchase in the city of Mascouche. The building is part of a multi-phase development project.

Q7-1 is located in a residential neighbourhood across from the Mascouche train station, with all essential services nearby, such as grocery stores, cafes, and schools, and is also located near a landscaped park with bike paths and trails.

The property 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, large windows and walk-in closet, and a large balcony.

“We’re thrilled to be entering a new community for Skyline Apartment REIT with the purchase of Q7-1 in Mascouche,” said Matthew Organ, President of Skyline Apartment REIT.

“The newly developed property was built with environmental conservation in mind, with features like EV charging stations and furnished outdoor spaces. It is also in an exceptional location that encourages transit use, being just steps away from the train station. We are pleased to offer residents these luxurious condo-style living spaces, in a fantastic location with all amenities close by.”

Rental inquiries for Quartier 7 (Q7-1) can be made at Quartier7Mascouche.com.

Post-acquisition, Skyline Apartment REIT comprises 215 properties in 59 communities in eight provinces across Canada, with a total of 19,150 suites.

 

About Skyline Apartment REIT

Skyline Apartment REIT (the “REIT”) is a privately owned and managed portfolio of primarily multi-residential properties, focused on acquiring both established and newly developed properties in secondary and tertiary communities across Canada.

Skyline Apartment REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the exclusive Exempt Market Dealer for the REIT.  

Skyline Apartment REIT is committed to providing best in class apartment suites and service to its residential tenants, while surfacing value with a goal to deliver stable returns to its investors.

To learn more about Skyline Apartment REIT and other alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.

Skyline Apartment REIT is operated and managed by Skyline Group of Companies.

 

For media inquiries, please contact:

Jeff Stirling
Director of Marketing
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x243


Similar News Items

Skyline Apartment REIT Enters New City of Mascouche, QC

Posted On August 21, 2020

Skyline Apartment REIT buys Quartier 7 (Q7-1) in Mascouche

Read the full post

Skyline Apartment REIT Purchases Third Property in Vernon, BC

Posted On July 16, 2020

Skyline Apartment REIT buys Creekview Heights in the city of Vernon

Read the full post

Skyline Apartment REIT Purchases Third Property in Langford, BC

Posted On June 29, 2020

Skyline Apartment REIT buys The Star on Goldstream in the city of Langford

Read the full post