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1245 Boul D'iberville
St-Jean, QC J2X 4B7
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Recently built in 2019 with durable, condo-quality construction standards
- Mortgage assumption option offering favorable terms, subject to lender approval
- Available individually or as part of a portfolio including other recent multifamily assets
- Gross annual income of $123,552 with pricing under 17.5 times gross income
- Located in Iberville near major roads, parks, retail, and the Richelieu River
- Strong regional accessibility ensuring tenant demand and operational efficiency
Executive Summary
This six-unit multifamily property in the Iberville sector of St-Jean-sur-Richelieu offers investors a unique opportunity to acquire a modern rental building combining strong income, quality construction, and an advantageous financing structure. Built in 2019, the property boasts condo-quality design with wood-frame construction and enhanced soundproofing features, creating a durable asset that appeals to discerning tenants. The site includes multiple conveniences and efficient layouts that simplify ongoing management while reducing future capital expenditure.
With a gross annual income of $123,552 and an asking price of less than 17.5 times revenue, this building delivers a strong position within the regional multifamily investment market. Additionally, qualified buyers can explore the potential assumption of an existing mortgage with attractive conditions. This financing feature may provide significant cost benefits compared to initiating new financing, further enhancing return on equity.
The property is ideally positioned within Iberville, near the Richelieu River, with ready access to major routes, local shops, green spaces, and essential services. This location provides residential tranquility while ensuring connectivity to employment hubs and nearby communities, helping maintain consistent rental demand. The asset may be purchased individually or in combination with other buildings available from the same owner, allowing scalable portfolio growth opportunities.
With a gross annual income of $123,552 and an asking price of less than 17.5 times revenue, this building delivers a strong position within the regional multifamily investment market. Additionally, qualified buyers can explore the potential assumption of an existing mortgage with attractive conditions. This financing feature may provide significant cost benefits compared to initiating new financing, further enhancing return on equity.
The property is ideally positioned within Iberville, near the Richelieu River, with ready access to major routes, local shops, green spaces, and essential services. This location provides residential tranquility while ensuring connectivity to employment hubs and nearby communities, helping maintain consistent rental demand. The asset may be purchased individually or in combination with other buildings available from the same owner, allowing scalable portfolio growth opportunities.
Property Facts
| Price Per Unit | $360,267 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| No. Units | 6 | Building Size | 8,067 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2019 |
| Apartment Style | Low-Rise |
| Price Per Unit | $360,267 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 8,067 SF |
| No. Stories | 3 |
| Year Built | 2019 |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Controlled Access
- Security System
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
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