LADERA RANCH, Calif, April 17, 2025 — Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE:SMA) , in partnership with SmartCentres (TSX: SRU.UN), is pleased to announce the opening of a new Class A self-storage facility in Toronto, Ontario, Canada.
Strategically located at 494 Gilbert Avenue, the six-story facility features approximately 120,000 net rentable square feet of climate-controlled storage space, encompassing approximately 1,475 units. Designed for customer convenience, the facility features interior heated loading, three elevators and a modern, secure layout.
This property benefits from its prime location near Eglinton Avenue W, a major arterial corridor with approximately 50,000 vehicles per day. Situated in a densely populated, high-income residential area within a 3- to 5-mile radius, the facility is well-positioned to meet the storage needs of a rapidly growing urban population.
The new facility will serve residents from surrounding neighborhoods, including Brookhaven-Amesbury, Glen Long, Glen Park, York, Eglinton West, Fairbank, Forest Hill North, Caledonia-Fairbank, and Oakwood Village—areas experiencing robust residential development and increasing demand for secure, high-quality storage solutions.
“This facility marks a significant advancement in our strategic expansion into high-demand, high-growth markets,” stated H. Michael Schwartz, President and CEO of SST VI. “We are pleased to reinforce our commitment to Toronto by offering a secure, modern storage solution that meets the evolving needs of the community.”