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Ontario  + Multi-residential Housing  | 

Starlight Acquires New Pickering MF Rental Tower

Starlight Investments has acquired a new 227-suite rental apartment building in the Toronto suburb of Pickering, Ont,

Completed earlier this year, the development sits near Whites Road North and Sheppard Avenue, offering residents convenient access to amenities, shopping, and transit.

“We are pleased to expand our multi-family portfolio to the rapidly growing city of Pickering,” said Heather Kane, Toronto-based Starlight’s executive vice-resident of Canadian residential asset management. “This exceptional residence, with its modern design and attractive location, presents convenient, comfortable, high-quality homes that are suitable for both individuals and families.”

Located within a five-minute walk to Whites Road shopping centre, the residence provides proximity to a variety of restaurants, grocery stores, and retail options. Residents are also close to Lake Ontario and Frenchman’s Bay. The location supports easy access to major highways and transit, with GO Transit and Durham Region Transit connections nearby.

The 12-storey building offers 227 open-concept one-bedroom, two-bedroom, and three-bedroom suites, which include such features as vinyl-plank flooring, in-suite laundry, and stainless-steel kitchen appliances. Residents can enjoy private balconies and various amenities, such as surface-level and underground parking, EV charging stations, bike racks, and storage lockers.

Additional amenities include a fitness centre, a party room, a games room, a children’s playground, and an outdoor barbecue area. The building also features features an onsite pet-washing station.

The property is managed by Sterling Karamar.

Starlight Investments, a privately held global real estate investment and asset management firm, manages about 68,000 multi-residential suites and more than 7 million square feet of commercial space. The firm has $28 billion in assets under management.

Photo: Courtesy of Starlight Investments

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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