315 Rue Rielle - Apartments FOR SALE


Verdun, QC H4G 2S6
$11,250,000 CAD
514-683-6666
315 Rue Rielle, Verdun, QC for Sale
$11,250,000 CAD
Apartments - FOR SALE
1/9
null | 3.68% Cap Rate

315 Rue Rielle
Verdun, QC H4G 2S6


OVERVIEW

Immeubles Gloria Commercial Inc. (the “Agency”) is proud to present, on an exclusive basis, the sale of 315 Rielle Street, Montreal (the “Property”), on behalf of 10880884 CANADA INC. (the “Seller”). This institutional-grade, 32-unit multifamily asset was completely renovated in 2019–2020 with high-end finishes—quartz countertops, hardwood and porcelain floors, noise insulation, and new mechanical, electrical, and plumbing systems—offering investors a true turn-key acquisition. The unit mix is well-balanced with two 2 ½, seventeen 3 ½, and thirteen 4 ½ apartments, plus a large 6-space underground garage. Strategically located just 250 meters from De l’Église metro and steps from Wellington Street—voted “World’s Coolest Street” in 2022—the Property offers unmatched access to Verdun’s vibrant lifestyle, cafés, restaurants, shops, and the waterfront park with its urban beach. With Concordia, McGill, and UQAM students driving demand, the area is one of Montreal’s most dynamic rental markets. Beyond its strong in-place income, the Property benefits from long-term appreciation potential, CMHC MLI Select financing eligibility, and even the option to develop a penthouse office or studio on the 4th floor. This memorandum represents a rare opportunity to secure a fully repositioned, high-quality multifamily building in one of Montreal’s most desirable neighborhoods—a prime addition to any institutional or private portfolio.

FOR SALE DETAILS

PRICE

$11,250,000 CAD

PRICE/SF

$234 CAD /SF

# OF UNITS

32

PRICE/UNIT

$351,563

CAP RATE

3.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

H02-30

APN/PARCEL ID

1183690

ASK ABOUT THIS PROPERTY

Marc-André KnotImmeubles GloriaMore Info
514-683-6666

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Marc-André KnotImmeubles GloriaMore Info
514-683-6666

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