261-271 Av Greene - Apartments FOR SALE


Montréal, QC H4C 2H9
$2,200,000 CAD
514-500-4040
261-271 Av Greene, Montréal, QC for Sale
$2,200,000 CAD
Apartments - FOR SALE
1/44
null | Request Cap Rate

261-271 Av Greene
Montréal, QC H4C 2H9


HIGHLIGHTS

  • Prime Saint-Henri address steps from the Atwater Market and major transport links.
  • Significant capital improvements include new foundation piles (2022) and roof replacement (2021).
  • Opportunity to assume an advantageous mortgage financing structure with a low fixed rate.

OVERVIEW

Located in the vibrant Saint-Henri neighborhood, this rare sixplex offers investors a premium opportunity within Montréal’s sought-after Sud-Ouest sector. The building is ideally positioned just steps from Atwater Market and surrounded by retail, cultural attractions, and transit links, providing enduring rental demand and strong appreciation potential. Built in 1930 and meticulously maintained, the property reflects long-term investment resilience with major structural upgrades, including foundation reinforcement with new piles completed in 2022 and a roof replacement in 2021. Additional masonry and maintenance investments have improved durability and functionality. Exterior brick enhances curb appeal, complemented by rear galleries adding character and tenant convenience. Configured as two units per floor across three storeys, the asset currently delivers reliable annual revenues estimated at approximately $153,600, supported by professional management. Three units are held under a master lease agreement, ensuring operational stability. This transaction includes an assumable mortgage with an outstanding balance around $2,053,614 at an attractive 3.7% rate maturing in 2030—favorable leverage for long-term cash flow and portfolio planning. Situated in a corridor benefiting from accelerating redevelopment and proximity to highway networks, hospitals, parks, and universities, this property combines location security with a proven income record.

FOR SALE DETAILS

PRICE

$2,200,000 CAD

PRICE/SF

$379 CAD /SF

# OF UNITS

6

PRICE/UNIT

$366,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,553 SF

ZONING

C.4C & I.1C & H

APN/PARCEL ID

1573236

ASK ABOUT THIS PROPERTY

LJ AguinagaLJ ImmobilierMore Info
514-500-4040

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LJ AguinagaLJ ImmobilierMore Info
514-500-4040

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