Centurion Asset Management Inc. announced the pending acquisition of an Ottawa apartment complex located at 1425 Vanier Parkway in the city’s Overbrook neighbourhood. Built in 2018, “Les Terrasses Francesca” consists of a 15-storey high-rise tower and adjoining three- and six-storey mid-rise buildings.

Featuring 276 rental units in a mix of sizes and layouts, each suite is equipped with high-end fixtures, granite kitchen countertops, hardwood floors, and central heating/cooling systems. Major appliances, including in-suite laundry, are also included.

“Les Terrasses Francesca offers Centurion the addition of a newly constructed, trophy asset to our Ottawa footprint, and features a wide range of premium services, amenities, and above-average unit sizes of 1,159 square feet,” said Greg Romundt, Centurion President and CEO. “It’s an ideal place for mature professionals and retirees looking for an unparalleled living experience.”

The property offers residents a variety of services and amenities, including an indoor saltwater swimming pool, a fully equipped exercise facility and yoga studio, a common social lounge, a courtyard with outdoor seating, storage, underground parking, and an on-site concierge.

According to Centurion, the Overbrook neighbourhood is just a short drive to downtown Ottawa and within walking distance to public transit. Grocery stores, shopping malls and restaurants are also within close proximity of the Ottawa apartment complex, making it an ideal location for renters.

This announcement comes on the heels of two other pending acquisitions by Centurion for apartment properties located in Kelowna, BC, and old Montreal.

For more info, visit: centurion.ca