The Equiton Residential Income Fund has added four multi-family rental buildings in Toronto to its portfolio.

The sellers and purchases prices were not disclosed.

Equiton purchased two neighbouring buildings at 120 and 130 Raglan Avenues in the Forest Hill district. The properties comprise a nine-storey building and 16-unit townhouse complex.

The fund also bought a seven-storey building located in Forest Hill, at 1862 Bathurst Street.

“Forest Hill is a premier area to live in Toronto,” said Jason Roque, CEO of Equiton. “The area not only offers strong rental fundamentals but also a vibrant community atmosphere, making it an attractive location for residents seeking high-quality living and for investors aiming for stable, long-term returns.”

Equiton also acquired a building at 4190 Bathurst Street in North York.

“All the properties acquired have exceptionally high occupancy rates and have undergone significant capital investments, featuring extensive physical upgrades,” said Roque.

The fund is controlled by Burlington, Ont.-based private-equity firm Equiton.

The acquired properties will be managed by Equiton Living.

Image: CNW Group/Equiton