5640 Rue De Salaberry - Apartments FOR SALE


Montréal, QC H4J 1J7
$6,200,000 CAD
514-500-8509
5640 Rue De Salaberry, Montréal, QC for Sale
$6,200,000 CAD
Apartments - FOR SALE
1/2
null | Request Cap Rate

5640 Rue De Salaberry
Montréal, QC H4J 1J7


HIGHLIGHTS

  • Fully occupied 31-unit building generating stable rental income.
  • Located in Ahuntsic-Cartierville, a well-established Montréal neighborhood with strong tenant demand.
  • Mix of unit types, including 2½, 3½, and 4½ layouts, appealing to diverse renter profiles.
  • Proximity to public transit, schools, parks, and shopping amenities enhances tenant convenience.
  • Supported by municipal water and sewer services, ensuring reliable infrastructure.
  • Potential gross revenue of approximately $300,660 annually, offering immediate cash flow.

OVERVIEW

This fully occupied 31-unit residential property offers a rare opportunity for investors seeking stable income and long-term appreciation in Montréal’s Ahuntsic-Cartierville neighborhood. The building features a mix of well-maintained units, ensuring consistent cash flow from day one. Located in a vibrant, established community, the property benefits from proximity to essential amenities, including public transit, schools, parks, and shopping centers, making it highly attractive to tenants. The semi-detached structure spans three stories and sits on a 7,875 sq. ft. lot, supported by municipal water and sewer services. With a strong rental history and a potential gross revenue of approximately $300,660 annually, this asset provides both immediate returns and future upside. The neighborhood’s connectivity to major roadways and public transportation enhances accessibility, while ongoing urban development in Montréal continues to drive demand for quality rental housing. This investment is well-suited for buyers seeking a turnkey, income-generating property in a market known for its resilience and growth potential.

FOR SALE DETAILS

PRICE

$6,200,000 CAD

PRICE/SF

$411 CAD /SF

# OF UNITS

31

PRICE/UNIT

$200,000

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

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dominic Lamarre BrunetteGroupe Lamarre eXpMore Info
514-500-8509

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Dominic Lamarre BrunetteGroupe Lamarre eXpMore Info
514-500-8509

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