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3375 Rue Gélineau 8 Unit Apartment Building $2,500,000 CAD ($312,500 CAD/Unit) 4.77% Cap Rate Longueuil, QC J3Y 7B6
Investment Highlights
- DIX30 and Promenades St-Bruno are 15 minutes away
- Each tenant has a parking space and a storage locker
- Possibility of CMHC MLI Select financing
- 8 large apartments of over 1,000 sq.ft. each
- 5 apartments renovated in the last 5 years, 3 units still have below-market rents, lots of room for optimization
- Possibility to purchase with minimal down payment
Executive Summary
- Gorgeous 8-plex located in the heart of St-Hubert
- Good location near all services, transports, parks and amenities
- DIX30 and Promenades St-Bruno are 15 minutes away
- 8 large apartments of over 1,000 sq.ft. each
- Each tenant has a parking space and a storage locker
- Electric heating and hot water paid by the tenants
- Washer/dryer and dishwasher hookups in all the units
- 5 apartments renovated in the last 5 years
- 3 units still have below-market rents, lots of room for optimization
- Possibility of CMHC MLI Select financing
- Possibility to purchase with minimal down payment
- Amazing investment opportunity in a great neighborhood
- Good location near all services, transports, parks and amenities
- DIX30 and Promenades St-Bruno are 15 minutes away
- 8 large apartments of over 1,000 sq.ft. each
- Each tenant has a parking space and a storage locker
- Electric heating and hot water paid by the tenants
- Washer/dryer and dishwasher hookups in all the units
- 5 apartments renovated in the last 5 years
- 3 units still have below-market rents, lots of room for optimization
- Possibility of CMHC MLI Select financing
- Possibility to purchase with minimal down payment
- Amazing investment opportunity in a great neighborhood
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$154,260
|
$24.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,529
|
$0.71
|
| Effective Gross Income |
$149,731
|
$23.52
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$30,429
|
$4.78
|
| Net Operating Income |
$119,302
|
$18.74
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $154,260 |
| Annual Per SF | $24.24 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,529 |
| Annual Per SF | $0.71 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $149,731 |
| Annual Per SF | $23.52 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $30,429 |
| Annual Per SF | $4.78 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $119,302 |
| Annual Per SF | $18.74 |
Property Facts
| Price | $2,500,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $312,500 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 4.77% | Building Size | 6,365 SF |
| Gross Rent Multiplier | 16.5 | No. Stories | 3 |
| No. Units | 8 | Year Built | 1978 |
| Property Type | Multifamily | Parking Ratio | 1.89/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | H.4 | ||
| Price | $2,500,000 CAD |
| Price Per Unit | $312,500 CAD |
| Sale Type | Investment |
| Cap Rate | 4.77% |
| Gross Rent Multiplier | 16.5 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,365 SF |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | H.4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 8 | - | - |
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Walk Score®
Very Walkable (84)
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3375 Rue Gélineau
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