3871 Rue Rachel E E 8 Unit Apartment Building $1,690,000 CAD ($211,250 CAD/Unit) Montréal, QC H1X 1Z2

This rare 8-unit mixed-use property offers a compelling opportunity for investors seeking stable income and long-term upside in one of Montréal’s most dynamic neighborhoods. Built in 1951 and meticulously maintained, the asset includes seven residential units and one commercial space leased to a long-standing dépanneur with a secure lease, contributing to a gross annual rental income of $109,248.
Strategically located near Pie-IX and Joliette Metro stations, the property benefits from excellent transit access and walkability. Residents enjoy proximity to Collège de Maisonneuve, the Montreal Botanical Garden, Olympic Stadium, and the vibrant retail corridor along Ontario Street. The surrounding area features three public parks, enhancing the appeal for families and professionals alike.
Recent upgrades include a new roof (2016), commercial water heater (2010), and updated electrical panels (2000–2007). Approximately 80% of the bathrooms have been renovated, reducing future capital expenditure. The building’s configuration and tenant mix make it easy to manage, ideal for both hands-off investors and owner-operators.
With CMHC financing eligibility, this asset offers optimized leverage potential and access to favorable interest rates. The combination of reliable tenancy, minimal vacancy, and strong neighborhood fundamentals positions this property as a high-performing investment in a thriving urban market.