Featured Acquisition
Mountain Park Residences at 7070 Inlet Dr.
The Equiton Residential Income Fund Trust (Apartment Fund) has acquired its first property in British Columbia, marking a major step in the Fund’s national expansion. Located in Burnaby, Mountain Park Residences is a 117-unit purpose-built rental community that strengthens the Fund’s position in Metro Vancouver — one of Canada’s most desirable and dynamic rental markets. This acquisition further enhances the Apartment Fund’s geographic diversification, giving investors direct exposure to Western Canada’s leading economic corridor.
WHY WE CHOSE TO ADD THIS PROPERTY TO OUR PORTFOLIO:
Market Exposure: Representing a strategic foothold in Metro Vancouver, the acquisition offers investors exposure to a globally recognized market known for its livability, resilience, and long-term rental demand.
Strong Demographic Trends: Burnaby’s population grew by 62,000 residents over the past decade — the fastest in the region — with rental demand remaining strong due to continued in-migration and constrained housing supply.
Market Timing: With interest rates and property valuations at attractive levels, the acquisition of Mountain Park Residences reflects a timely and opportunistic entry into an otherwise exclusive market.
Growth Opportunities: The property complements the Apartment Fund’s existing portfolio by offering additional value creation opportunities through professional management and resident experience enhancements.
Operational Strategy: Equiton Living, the firm’s in-house property management team, will bring on-site support and community programming to Mountain Park Residences, fostering resident satisfaction and long-term asset performance.
LOCATION:
Mountain Park Residences is located in Burnaby’s sought-after Westridge neighbourhood, surrounded by green space and natural beauty. Residents enjoy direct access to outdoor recreation, including Burnaby Mountain Park and the nearby shoreline. Daily conveniences are just minutes away — including grocery stores, cafes, and pharmacies — while Barnet Highway provides a direct route to downtown Vancouver and key employment centres.
PROPERTY AND UNIT DETAILS:
Mountain Park Residences is a 117-unit purpose-built rental building with secure underground parking and condo-style amenities. Residents have access to a fitness centre, pool, and outdoor greenspace, with many suites offering expansive views of the North Shore Mountains. Units are well-designed and professionally managed to maintain high occupancy and tenant satisfaction.
