Sienna Acquires Oshawa Seniors Residence for $59.4M

Sienna Acquires Oshawa Seniors Residence for $59.4M
News| April 7, 2026| Monte Stewart
Canada + Senior Housing

Sienna Senior Living has acquired a 129-suite retirement home in Oshawa for $59.4 million.

The property, known as The Bartlett, is an independent-living residence. Sienna paid approximately $461,000 per suite, with an initial investment yield of about 5.75%, said the company. Built in 2021, the residence is roughly 96% occupied and includes amenities as well as an 8,000-square-foot medical clinic.

The acquisition was funded through cash on hand.

“The addition of The Bartlett supports Sienna’s long-term value creation by enhancing the scale and quality of our diversified GTA portfolio,” said Nitin Jain, the company’s president and CEO. “For the balance of 2026, we are well-positioned to continue the Company’s growth across key markets in Canada, supported by a strong pipeline of acquisition and development opportunities.”

Sienna provides a range of seniors’ housing options, including independent living, assisted living and memory care, along with long-term care and specialized services, supported by approximately 15,000 employees across Canada.

Pictured: The Bartlett apartment property in Ohawa, Ont.

Photo: Aspira Living

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