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Pier 4 REIT buys apartments in Kitchener, Ontario

97-unit Millwood Brownstones sells after decade of ownership by Effort Trust
The Millwood Brownstones complex consists of nine low-rise residential buildings in Kitchener, Ontario. (CoStar)
The Millwood Brownstones complex consists of nine low-rise residential buildings in Kitchener, Ontario. (CoStar)
By Melissa Rosenberger with
CoStar Research
April 15, 2026 | 6:21 P.M.

Pier 4 Real Estate Investment Trust, a private real estate investment company based in Toronto, finalized its recent acquisition of the Millwood Brownstones, a 97-unit multifamily complex at 15 Millwood Crescent in Kitchener, Ontario, for $22,750,000, or $234,536 per unit.

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News | Pier 4 REIT buys apartments in Kitchener, Ontario