Akelius Canada purchases its second property in The Beaches

TORONTO - May 28, 2014 - PRLog -- Akelius is pleased to announce the acquisition of a 24-unit residential property located in the Beaches neighbourhood of Toronto, Canada this week. Its second acquisition in the month of May, this $3.5M purchase brings the company portfolio to a total of 1738 units and 24 properties.

“This property has great potential in reaching the Akelius First Class standard as it provides room for improvements and upgrades that offer above market standards to tenants,” says President Jordan Milewicz.

With its close proximity to Lake Ontario, the Beaches neighbourhood offers popular attractions such as the waterfront boardwalk, farmers markets, trendy shops and everyday commodities. Offering convenient access to the TTC and located 8 kilometers from Union Station, this area is an attractive place for couples and the young urban professional.

Akelius Canada, the Canadian branch of Akelius Apartments Ltd., is a rapidly-growing residential real estate firm based in Toronto. With an acquisition profile of residential properties of 10 units or more located in Class A or B locations, Akelius Canada strives to provide First Class Apartments and First Class Service.