1380-1390 Rue Sainte-Catherine E - Apartments FOR SALE


Montréal, QC H2L 2H6- Ville-Marie
$16,800,000 CAD
438-796-3644
1380-1390 Rue Sainte-Catherine E, Montréal, QC for Sale
$16,800,000 CAD
Apartments - FOR SALE
1/2
null | 4.08% Cap Rate

1380-1390 Rue Sainte-Catherine E
Montréal, QC H2L 2H6
Ville-Marie


HIGHLIGHTS

  • Residential tower with services (laundry, rooftop pool, elevator, concierge service)
  • Commercial unit converted into condo to facilitate financing
  • Close to a variety of shops & services
  • A stone’s throw from Métro Beaudry (green line)
  • The apartments are heated/Hot water, refrigerator and stove are included

OVERVIEW

Strategically and desirably situated in the residential rental market, this fully leased building is located in a highly sought-after area, offering rents below market average. Any experienced investor will recognize an extremely interesting investment opportunity, with real potential for income optimization! Currently, market data reveals a significant gap between the current rent and what could be achieved under optimal conditions. To fully explore the potential for increasing the property value of this asset, we invite you to schedule a meeting with one of our brokers in order to benefit of their expertise and to help you discover the best strategies to maximize returns and optimize the profitability of your real estate investment. The quality of this building is defined by its prime location in the neighborhood, ensuring residents easy access to all amenities, entertainment activities, and essential nearby services for a comfortable lifestyle. Furthermore, with its 6 floors, the building offers stunning panoramic views of the city, adding exceptional value to this promising investment.

FOR SALE DETAILS

PRICE

$16,800,000 CAD

PRICE/SF

$343 CAD /SF

# OF UNITS

55

PRICE/UNIT

$305,455

CAP RATE

4.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1567689

ASK ABOUT THIS PROPERTY

Vincent LauzonNAI Terramont CommercialMore Info
438-796-3644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Vincent LauzonNAI Terramont CommercialMore Info
438-796-3644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.