394 Rue Alcide-C.-Horth - Apartments FOR SALE


Rimouski, QC G5M 0V8
$21,000,000 CAD
514-816-1323
394 Rue Alcide-C.-Horth, Rimouski, QC for Sale
$21,000,000 CAD
Apartments - FOR SALE
1/5
null | 4.33% Cap Rate

394 Rue Alcide-C.-Horth
Rimouski, QC G5M 0V8


HIGHLIGHTS

  • Multi-phase residential development project located on the main thoroughfare in Rimouski.
  • The project comprises 253 rental apartment units and a neighbourhood commercial component.
  • Rimouski has an exceptionally low vacancy rate of approximately 0.2% according to CMHC.
  • Planned 253-unit residential community with a neighborhood commercial component.
  • Planned amenities include elevators, balconies, storage, and parking.
  • Designed with steel-frame construction and concrete slab floors.

OVERVIEW

Rue Alcide-C.-Horth presents an opportunity to acquire a planned multi-phase residential development in Rimouski, the regional hub of Quebec's Bas-Saint-Laurent region. The project is designed to deliver 253 rental apartment units together with a neighborhood commercial component and may be acquired in individual phases or as a complete development. Its location along a primary arterial corridor places the property near major community amenities, public transportation, healthcare facilities, educational institutions, and highway access, supporting long-term residential demand. The development is planned with a focus on durable construction and resident amenities. Proposed improvements include steel-frame construction, lightweight concrete slabs, brick and metal exterior finishes, high-performance windows, elevator service, air conditioning, indoor and outdoor parking, private storage areas, balconies, and a fire protection system. Additional features identified in the brochure include landscaped grounds, visitor parking, concierge services, sprinkler protection, intercom access, and heated integrated garage facilities. Market fundamentals highlighted in the offering indicate exceptionally limited rental housing availability within Rimouski. The project is scheduled for delivery through four phases, with construction of the first two phases anticipated to commence in 2026. The phased structure provides flexibility for investors seeking either partial or full project participation while benefiting from exposure to a growing regional housing market.

FOR SALE DETAILS

PRICE

$21,000,000 CAD

PRICE/SF

$135 CAD /SF

# OF UNITS

155

PRICE/UNIT

$135,484

CAP RATE

4.33%

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Projet Alcide-C-Horth

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2025

PARKING SPACES

75

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,209 SF

ZONING

Commercial/ Residential

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Martin BlanchetProfusion Immobilier INCMore Info
514-816-1323

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Martin BlanchetProfusion Immobilier INCMore Info
514-816-1323

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