Starlight Investments announced it has completed the acquisition of eight rental properties in Victoria, B.C. comprised of 485 units.
The eight rental properties are situated in close proximity to public transit retail shops, restaurants, and outdoor amenities including playgrounds, tennis courts, hiking and biking trails, and a petting zoo.
“Victoria offers great accessibility and a wide range of job opportunities, coupled with the surrounding natural environment, warm summers, mild winters and a high quality of life – people from around the world choose to make Victoria their home,” said Daniel Drimmer, President and Chief Executive Officer.
About the eight rental properties
948 Esquimalt Road – A five-storey mid-rise comprised of six bachelors, 102 one bedrooms, 19 two-bedrooms and nine three-bedroom units for a total of 136 units. The units are equipped with furnished kitchens including stainless steel appliances and private balconies or patios. The property, which includes a fitness centre, storage lockers, on site laundry and covered surface parking, will be managed by Devon Properties.
980 Wordsley Street – A five-storey mid-rise comprised of 47 one-bedroom and 18 two-bedroom units for a total of 65 units. The units are equipped with furnished kitchens including stainless steel appliances and private balconies or patios. The property, which includes on site laundry on each floor and covered surface parking, will be managed by Devon Properties.
1030 Pendergast Street – A four-storey building comprised of two bachelors, 41 one-bedrooms and 14 two-bedroom units for a total of 57 units. The units are equipped with furnished kitchens including stainless steel appliances and private balconies or patios. The property, which includes on site laundry, covered surface parking and storage lockers, will be managed by Devon Properties.
3185 Tillicum Road and 275 Burnside Road – The two buildings were built in 2013 to LEED Certified Platinum standards. The building at 3185 Tillicum Road is a five-storey mid-rise comprised of 15 bachelors, 20 one-bedrooms and five three-bedroom units for a total of 60 units. The building at 275 Burnside Road, is a six-storey mid-rise comprised of eight bachelors, 16 one-bedrooms, 16 two-bedrooms and four three-bedroom units for a total of 44 units. The units include quartz countertops, stainless steel appliances, luxury plank flooring and closet organizers. The property, which includes on-site laundry, bicycle storage and covered parking, will be managed by Devon Properties.
3255 Quadra Street – The three-storey building is comprised of three bachelor, 12 one bedrooms and 16 two-bedroom units for a total of 31 units. The units are equipped with furnished kitchens including stainless steel appliances and private balconies or patios. The property, which includes on site laundry and covered surface parking, will be managed by Devon Properties.
1126 Rockland Avenue – The four-storey building is comprised of six bachelors and 29 one-bedroom units for a total of 35 units. The units are equipped with furnished kitchens including stainless steel appliances. The property, which includes on site laundry and covered surface parking, will be managed by Devon Properties.
For more on the purchase of these eight rental properties, visit: www.starlight.com
