London, Ontario, just saw one of its largest apartment sales in recent years as Pier 4 Real Estate Investment Trust paid approximately $102.5 million to buy Royal Oak Terrace, a 558‑unit rental apartment complex at 1126–1154 Adelaide Street North.
Big apartment sale closes in tight rental market
Pier 4 pays over $100 million for a nine-building London, Ontario complex in its largest acquisition to date
CoStar News
March 2, 2026 | 9:49 P.M.
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IN THIS ARTICLE
- Properties
- Royal Oak Terrace
1126 Adelaide St, London, ON
- Companies
- Homestead Land Holdings Ltd.
Real Estate
- Pier 4 REIT
Real Estate
- Contacts
- Alfred Hendry
Chief Executive Officer, Homestead Land Holdings Ltd.