NexLiving Communities Inc. announced it has acquired two properties in Saint John, New Brunswick, for $34.3 million. The acquisition includes an adjacent parcel of land that has been approved for a future development of up to 85 units.

The first property, 50 Calabria Street, is a four-storey luxury building with 82-suites, located in the east end of Saint John near the city’s prime shopping district. The property is described as “newly constructed” with two elevators and ample parking. Amenities include three fitness centres, a community room, walking trails, pickleball and basketball courts, and more. All units have a balcony, in-suite laundry, multi-zone air-conditioning and smart home features (resident’s app, valet entrance, keyless entry technology, facial recognition entry, smart home water heater, EV charging stations etc.).

The second property, 5 Woodhollow Park, is a four-storey building with 67 suites located in the east end of Saint John with close proximity to transit and local amenities. The building was constructed in two phases in 2013 and 2015 and is equipped with an elevator, spacious one- and two-bedroom suites featuring walk-out patios, in-suite laundry and generous surface parking options for residents.

Pro forma the previously announced acquisition of 2251 & 2261 Mountain Rd., which is expected to close in Q1 2023, NexLiving will own 1,166 suites. The company says it expects to continue to build upon its “successful acquisition track record and acquire an additional 500+ suites over the next year, with a focus in secondary markets across Canada.”

For more information visit www.nexliving.ca