Laval, Québec – Global commercial real estate advisor, Avison Young, announces the sale of Phases 1, 2 and 3 of Central Parc Laval (“Central Park”) for $249 million – the largest multifamily sale in Quebec in 2025.  

Sold by the Saroukian Group to Boardwalk REIT, Central Park is a best-in-class, purpose-built rental community of 541 luxury suites. The site also includes a shovel-ready development site for two additional towers (419 suites) and future expansion land for yet another. The community will total 1,100 suites upon full build-out.

Avison Young’s Mark Sinnett, Sebastien Gatti, Guillaume Monast and Tom Godber are the exclusive advisors and agents for the Saroukian Group.

“We are pleased to represent the Saroukian Group in one of Canada’s largest urban green multifamily complexes, showcasing outstanding design, unparalleled amenities, and an unbeatable location in the heart of Laval’s downtown core,” said Mark Sinnett, Principal, Executive Vice President, Québec Capital Markets, Avison Young. “This is a terrific investment opportunity because the properties are fully stabilized with positive cash-flow and offer a strong proof of concept – making this a sound decision for Boardwalk REIT, and positioning them for a bright future in Laval’s multifamily market.”

Ideally located just off the Highway 15/440 interchange in the heart of Laval, Central Park is minutes from transit, employment hubs and directly adjacent Carrefour Laval. The property offers a stunning, home oasis for residents, with amenities such as a rooftop infinity pool, sky lounge, cinema room, fitness facility, putting greens, and a one-acre private park.

This benchmark transaction underscores the growing trend of institutional investors infusing capital into new purpose-built rental developments – a clear vote of confidence in the long-term fundamentals of Québec’s multifamily market. It further speaks to the continued market resilience. Even as capital markets transition, quality, scale, and competitive financing continue to draw strong investor interest. 

“Investors remain keenly interested in  best-in-class properties , and pricing for these types of  assets with long-term growth potential is proving stable. In short: for quality assets, the market remains open and active,” added Sebastien Gatti, Executive Vice President, Québec Capital Markets, Avison Young.