Skyline Apartment REIT buys 2 Niagara Falls, ON Properties

September 17, 2021 - Press Release

[Guelph, ON – September 17, 2021]


On September 17, 2021, Skyline Apartment REIT purchased two neighbouring properties located in Niagara Falls, ON:

  • 6521 Drummond Road (Victoria Park Towers), Niagara Falls, ON – 81 suites
  • 6563 Drummond Road (Imperial Towers), Niagara Falls, ON – 95 suites

The total purchase price for the properties was $38.8M.

Victoria Park Towers at 6521 Drummond Road offers spacious and renovated 1 and 2-bedroom suites with open-concept design, large windows, and large glass balconies. Victoria Park Towers is located close to grocery stores, parks, restaurants, schools, shopping, and highway access.

Imperial Towers at 6563 Drummond Road offers spacious and renovated 1 and 2-bedroom suites with large windows and private glass balconies. The building also features a social room. Imperial Towers is located close to grocery stores, parks, restaurants, schools, shopping, and highway access.

“Skyline Apartment REIT is proud to offer additional living spaces to Niagara Falls residents with the purchase of Victoria Park Towers and Imperial Towers,” said Matthew Organ, President, Skyline Apartment REIT.

“Our first entry into the Niagara Falls market was back in 2008 with the purchase of Portage Place at 4613, 4615, 4617 & 4619 Portage Road. We received a great welcome to the city, and we’re thrilled to be further expanding our presence here while providing high-quality rental suites with sought-after features and amenities.”

With this purchase, Skyline Apartment REIT now owns seven properties in the city of Niagara Falls.

Each property will be managed by Skyline Living. Rental inquiries for the properties can be made at

Post-acquisition, Skyline Apartment REIT comprises 240 properties in 61 communities in seven provinces across Canada, with a total of 21,462 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 preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: RBS2400).

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 about additional alternative investment products offered through Skyline Wealth, please visit

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

For media inquiries, please contact:

Jeff Stirling
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x243

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The information provided on this website is for general information purposes only and is derived from sources that Skyline Apartment REIT believes are reliable. This website does not constitute an offer of, or solicitation for, the purchase and sale of any securities under any circumstances. Please read the confidential offering documents before investing, as they contain important information on fees and risk factor. Nothing herein should be construed as investment, legal, tax, regulatory or accounting advice.