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2525 St Rachel E 16 Unit Apartment Building $6,095,000 CAD ($380,938 CAD/Unit) 4.28% Cap Rate Montréal, QC H2H 1S2
Investment Highlights
- - Newly built 2023 property in Plateau-Mont-Royal
- - High-end condo-quality finishes
- - Assumable CMHC APH Select favorable financing (100 points)
- - Prime location 950 meters from Frontenac metro station
- - Reputable builder with multiple completed projects in the area
- - Possibility to acquire with a 10% down payment
Executive Summary
*** 10% DOWN PAYMENT REQUIRED. *** Recently built 16-unit rental property in the heart of Plateau-Mont-Royal, constructed in 2023 and ideally located near Frontenac metro and Shops Angus. This high-end property offers condo-quality units with a shared rooftop terrace. Strategically positioned in a high-demand rental area, it represents a turnkey investment opportunity with assumable CMHC-MLI Select financing. Ideal for an investor seeking a recent asset with long-term appreciation potential.
LOCATION
Close to:
Parks: Baldwin, La Fontaine
Shops & services: Shops Angus, Ontario Street East, Promenade Masson
Transit: Frontenac metro (~950 m)
Hospital: Notre-Dame
Schools: UQAM, McGill, Concordia
BUILDING
Residential : 3 x 1½, 5 x 3½, 7 x 4½, 1 x 5½ | Total : 16 units
Construction: 2023 with high-end finishes
Heating: Electric paid by tenants | Wall-mounted heat pumps and air exchangers in all units
Hot water: Central electric hot water paid by owner
5 appliances included in each unit
Shared rooftop terrace
Bike storage in basement
Elevator platform for wheelchair access (to the first floor)
ADVANTAGEOUS FINANCING TO BE ASSUMED
National Bank CMHC MLI Select 100 points energy efficiency : Balance: 5,420,000$ | Rate: 4.05% | Amortization: 50 years | Maturity: December 2028 (3 years remaining)
HIGHLIGHTS
Recent construction (low maintenance)
Prime central location
High-end rental product
Attractive in-place financing
Turnkey investment with strong appreciation potential
LOCATION
Close to:
Parks: Baldwin, La Fontaine
Shops & services: Shops Angus, Ontario Street East, Promenade Masson
Transit: Frontenac metro (~950 m)
Hospital: Notre-Dame
Schools: UQAM, McGill, Concordia
BUILDING
Residential : 3 x 1½, 5 x 3½, 7 x 4½, 1 x 5½ | Total : 16 units
Construction: 2023 with high-end finishes
Heating: Electric paid by tenants | Wall-mounted heat pumps and air exchangers in all units
Hot water: Central electric hot water paid by owner
5 appliances included in each unit
Shared rooftop terrace
Bike storage in basement
Elevator platform for wheelchair access (to the first floor)
ADVANTAGEOUS FINANCING TO BE ASSUMED
National Bank CMHC MLI Select 100 points energy efficiency : Balance: 5,420,000$ | Rate: 4.05% | Amortization: 50 years | Maturity: December 2028 (3 years remaining)
HIGHLIGHTS
Recent construction (low maintenance)
Prime central location
High-end rental product
Attractive in-place financing
Turnkey investment with strong appreciation potential
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$355,368
|
$28.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,661
|
$0.85
|
| Effective Gross Income |
$344,707
|
$27.44
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$83,868
|
$6.68
|
| Net Operating Income |
$260,839
|
$20.76
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $355,368 |
| Annual Per SF | $28.28 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,661 |
| Annual Per SF | $0.85 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $344,707 |
| Annual Per SF | $27.44 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $83,868 |
| Annual Per SF | $6.68 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $260,839 |
| Annual Per SF | $20.76 |
Property Facts
| Price | $6,095,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $380,938 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.28% | Building Size | 12,564 SF |
| Gross Rent Multiplier | 17.15 | No. Stories | 3 |
| No. Units | 16 | Year Built | 2023 |
| Property Type | Multifamily |
| Price | $6,095,000 CAD |
| Price Per Unit | $380,938 CAD |
| Sale Type | Investment |
| Cap Rate | 4.28% |
| Gross Rent Multiplier | 17.15 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 12,564 SF |
| No. Stories | 3 |
| Year Built | 2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $4,480 CAD | - |
| 1+1 | 5 | $8,515 CAD | - |
| 2+1 | 7 | $14,344 CAD | - |
| 3+1 | 1 | $2,275 CAD | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
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2525 St Rachel E
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