250 Boul Saint-Joseph E - Apartments FOR SALE


Montréal, QC H2T 1H7
$25,000,000 CAD
514-945-7881
250 Boul Saint-Joseph E, Montréal, QC for Sale
$25,000,000 CAD
Apartments - FOR SALE
1/21
null | 3.22% Cap Rate

250 Boul Saint-Joseph E
Montréal, QC H2T 1H7


HIGHLIGHTS

  • Rare 79-unit multifamily asset in Plateau-Mont-Royal
  • Walking distance to Laurier and Mont-Royal Metro stations
  • Eighteen vacant units provide immediate leasing opportunity
  • Concrete construction supports long-term durability
  • Roof replaced in 2026 and elevators modernized
  • Walk Score of 99 with access to major neighborhood amenities

OVERVIEW

250 Boulevard Saint-Joseph East presents a rare opportunity to acquire a 79-unit multifamily asset in the heart of Montréal's highly sought-after Plateau-Mont-Royal neighborhood. Positioned along one of the city's most established residential corridors, the property benefits from exceptional connectivity, with Laurier and Mont-Royal Metro stations within walking distance and immediate access to the area's renowned collection of cafés, restaurants, boutiques, parks, and cultural amenities. The location's Walk Score of 99 and Bike Score of 100 contribute to sustained tenant demand from professionals, students, and long-term residents seeking an urban lifestyle in one of Montréal's most desirable rental markets. Constructed in 1962, the 12-story concrete building offers long-term durability and operational stability. The property contains 79 residential units consisting of 33 studio-style apartments and 46 one-bedroom apartments. Investors have the opportunity to enhance future revenue through 18 currently vacant units and additional leasing flexibility associated with units occupied by members of the ownership group. The building's scale is distinctive within the surrounding neighborhood and provides panoramic views of Montréal's skyline and Mount Royal from upper-floor balconies. Recent capital improvements support the property's long-term investment profile, including a new roof completed in 2026, modernized elevators, and an intelligent fire alarm system. Additional amenities include indoor parking, secure bicycle storage, a tenant laundry facility, and controlled access systems. Situated within a supply-constrained rental market known for strong housing demand and limited availability of large multifamily assets, the property offers investors the opportunity to acquire a significant residential holding in one of Montréal's most established urban neighborhoods.

FOR SALE DETAILS

PRICE

$25,000,000 CAD

PRICE/SF

$533 CAD /SF

# OF UNITS

79

PRICE/UNIT

$316,456

CAP RATE

3.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Le 250

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

12

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,297 SF

ZONING

H.2-5 ET C.1 ZONE 0124

APN/PARCEL ID

1443827,1841257

ASK ABOUT THIS PROPERTY

Mikael KurkdjianRe/Max Alliance Inc.More Info
514-945-7881

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Mikael KurkdjianRe/Max Alliance Inc.More Info
514-945-7881

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