3871 Rue Rachel E E - Apartments FOR SALE


Montréal, QC H1X 1Z2
$1,690,000 CAD
514-483-5800
3871 Rue Rachel E E, Montréal, QC for Sale
$1,690,000 CAD
Apartments - FOR SALE
1/2
null | Request Cap Rate

3871 Rue Rachel E E
Montréal, QC H1X 1Z2


HIGHLIGHTS

  • Mixed-use 8-plex with stable annual income over $109K
  • Walking distance to metro, parks, and major institutions
  • Renovated bathrooms and updated electrical systems

OVERVIEW

This rare 8-unit mixed-use property offers a compelling opportunity for investors seeking stable income and long-term upside in one of Montréal’s most dynamic neighborhoods. Built in 1951 and meticulously maintained, the asset includes seven residential units and one commercial space leased to a long-standing dépanneur with a secure lease, contributing to a gross annual rental income of $109,248. Strategically located near Pie-IX and Joliette Metro stations, the property benefits from excellent transit access and walkability. Residents enjoy proximity to Collège de Maisonneuve, the Montreal Botanical Garden, Olympic Stadium, and the vibrant retail corridor along Ontario Street. The surrounding area features three public parks, enhancing the appeal for families and professionals alike. Recent upgrades include a new roof (2016), commercial water heater (2010), and updated electrical panels (2000–2007). Approximately 80% of the bathrooms have been renovated, reducing future capital expenditure. The building’s configuration and tenant mix make it easy to manage, ideal for both hands-off investors and owner-operators. With CMHC financing eligibility, this asset offers optimized leverage potential and access to favorable interest rates. The combination of reliable tenancy, minimal vacancy, and strong neighborhood fundamentals positions this property as a high-performing investment in a thriving urban market.

FOR SALE DETAILS

PRICE

$1,690,000 CAD

PRICE/SF

$261 CAD /SF

# OF UNITS

8

PRICE/UNIT

$211,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,173 SF

ZONING

-

APN/PARCEL ID

1881625

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Jie KeGroupe Sutton Centre - Ouest Inc.More Info
514-483-5800

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Jie KeGroupe Sutton Centre - Ouest Inc.More Info
514-483-5800

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