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1380-1390 Rue Sainte-Catherine E 55 Unit Apartment Building $16,800,000 CAD ($305,455 CAD/Unit) 4.08% Cap Rate Montréal, QC H2L 2H6
INVESTMENT HIGHLIGHTS
- Residential tower with services (laundry, rooftop pool, elevator, concierge service)
- Close to a variety of shops & services
- The apartments are heated/Hot water, refrigerator and stove are included
- Commercial unit converted into condo to facilitate financing
- A stone’s throw from Métro Beaudry (green line)
EXECUTIVE SUMMARY
Strategically and desirably situated in the residential rental market, this fully leased building is located in a highly sought-after area, offering rents below market average. Any experienced investor will recognize an extremely interesting investment opportunity, with real potential for income optimization!
Currently, market data reveals a significant gap between the current rent and what could be achieved under optimal conditions. To fully explore the potential for increasing the property value of this asset, we invite you to schedule a meeting with one of our brokers in order to benefit of their expertise and to help you discover the best strategies to maximize returns and optimize the profitability of your real
estate investment.
The quality of this building is defined by its prime location in the neighborhood, ensuring residents easy access to all amenities, entertainment activities, and essential nearby services for a comfortable lifestyle. Furthermore, with its 6 floors, the building offers stunning panoramic views of the city, adding exceptional value to this promising investment.
Currently, market data reveals a significant gap between the current rent and what could be achieved under optimal conditions. To fully explore the potential for increasing the property value of this asset, we invite you to schedule a meeting with one of our brokers in order to benefit of their expertise and to help you discover the best strategies to maximize returns and optimize the profitability of your real
estate investment.
The quality of this building is defined by its prime location in the neighborhood, ensuring residents easy access to all amenities, entertainment activities, and essential nearby services for a comfortable lifestyle. Furthermore, with its 6 floors, the building offers stunning panoramic views of the city, adding exceptional value to this promising investment.
PROPERTY FACTS
| Price | $16,800,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $305,455 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.08% | Building Size | 48,996 SF |
| No. Units | 55 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1978 |
| Price | $16,800,000 CAD |
| Price Per Unit | $305,455 CAD |
| Sale Type | Investment |
| Cap Rate | 4.08% |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Building Size | 48,996 SF |
| No. Stories | 6 |
| Year Built | 1978 |
AMENITIES
SITE AMENITIES
- Controlled Access
- Smoke Free
- Storage Space
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 55 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (85)
Bike Score®
Biker's Paradise (99)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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1380-1390 Rue Sainte-Catherine E
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