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3375 Rue Gélineau 8 Unit Apartment Building $2,500,000 CAD ($312,500 CAD/Unit) 4.69% 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 - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$151,560
|
$23.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,547
|
$0.71
|
| Effective Gross Income |
$147,013
|
$23.10
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$29,657
|
$4.66
|
| Net Operating Income |
$117,356
|
$18.44
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $151,560 |
| Annual Per SF | $23.81 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,547 |
| Annual Per SF | $0.71 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $147,013 |
| Annual Per SF | $23.10 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,657 |
| Annual Per SF | $4.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $117,356 |
| Annual Per SF | $18.44 |
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 | 4.69% | 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 | 4.69% |
| 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 | - | - |
1 1
Walk Score®
Very Walkable (84)
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3375 Rue Gélineau
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