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CLV Group acquires 224-unit Toronto multifamily property for $60.8 million

Starlight Investments divests Weston Road apartment complex, buyer assumes $45.45 million in existing mortgages
The two-building rental apartment complex on Weston Road in Toronto was built in 1961. (CoStar)
The two-building rental apartment complex on Weston Road in Toronto was built in 1961. (CoStar)
By Darrell Clark with
CoStar Research
June 24, 2026 | 4:53 P.M.

Ottawa-based CLV Group, a real estate, property management and development firm led by founder and CEO Mike McGahan, acquired a 224-unit multifamily portfolio at 2220-2222 Weston Road in Toronto's Weston neighbourhood from Starlight Investments for $60.8 million or approximately $271,429 per unit, according to transaction details confirmed by CoStar.

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