Starlight’s recent acquisition of 2565 Beach Drive, Victoria is a three-storey wood-frame low-rise building is comprised of four one-bedroom units and 12 two-bedroom units for a total of 16 units
VICTORIA – Starlight Investments announced that it has completed the acquisition of a 16-unit residential building in Victoria, British Columbia.
The Property is situated in the Uplands neighbourhood of Oak Bay District, a picturesque suburban coastal community. The Oak Bay District is popular for its tree-lined namesake avenue filled with a variety of shops, art galleries and cafes. It is close to public transit, has easy access to restaurants, banks, grocery stores and health services, and is a short distance to Downtown Victoria.
The Property is also close to several Victoria attractions including the Victoria War Memorial, The Illahie Heritage Residence and Oak Bay Marina. Surrounding the Property are various public parks, outdoor spaces and recreational amenities including Oak Bay Tennis Club, Willows Beach, Royal Victoria Yacht Club, Estevan Village Park, Uplands Park, Cattle Point Dark Sky Urban Star Park, and Carnarvon Park, which features a water park and tennis courts. In addition, the Property is close to elementary and secondary schools.
“This Property is located in one of the most desirable neighbourhoods for families in Victoria, which aligns with our acquisition strategy of acquiring quality, mid-tier apartment properties located in attractive Canadian markets” stated Daniel Drimmer, Starlight’s President and Chief Executive Officer.
The Property is at 2565 Beach Drive and will be professionally managed by Devon.
