315 Rue Rielle 32 Unit Apartment Building $11,250,000 CAD ($351,563 CAD/Unit) 3.68% Cap Rate Verdun, QC H4G 2S6

Immeubles Gloria Commercial Inc. (the “Agency”) is proud to present, on an exclusive basis, the sale of 315 Rielle Street, Montreal (the “Property”), on behalf of 10880884 CANADA INC. (the “Seller”).
This institutional-grade, 32-unit multifamily asset was completely renovated in 2019–2020 with high-end finishes—quartz countertops, hardwood and porcelain floors, noise insulation, and new mechanical, electrical, and plumbing systems—offering investors a true turn-key acquisition. The unit mix is well-balanced with two 2 ½, seventeen 3 ½, and thirteen 4 ½ apartments, plus a large 6-space underground garage.
Strategically located just 250 meters from De l’Église metro and steps from Wellington Street—voted “World’s Coolest Street” in 2022—the Property offers unmatched access to Verdun’s vibrant lifestyle, cafés, restaurants, shops, and the waterfront park with its urban beach. With Concordia, McGill, and UQAM students driving demand, the area is one of Montreal’s most dynamic rental markets.
Beyond its strong in-place income, the Property benefits from long-term appreciation potential, CMHC MLI Select financing eligibility, and even the option to develop a penthouse office or studio on the 4th floor.
This memorandum represents a rare opportunity to secure a fully repositioned, high-quality multifamily building in one of Montreal’s most desirable neighborhoods—a prime addition to any institutional or private portfolio.