572-586 Rue Labelle 586 Rue Labelle 10 Unit Apartment Building $4,169,000 CAD ($416,900 CAD/Unit) 4.88% Cap Rate Saint-jerome, QC J7Z 5L5

572 Rue Labelle presents a turnkey 10-plex waterfront multifamily property built in 2021 in Saint-Jerome, Quebec. Comprising two contemporary buildings, each one offers exclusively spacious 4.5-unit layouts, the property delivers a modern living experience.

Every residence features high-end finishes, engineered wood flooring, modern kitchens with quartz countertops and sleek tile backsplashes, plus in-unit fireplaces and wall-mounted air conditioning. With ample private parking, individual electric meters, and washer/dryer outlets in each unit, 572 Rue Labelle is designed for long-term ease of management. Generating $252,000 in annual gross revenue and fully leased to quality tenants, this property stands as a stable, low-maintenance investment in one of the region’s most desirable rental markets.

Nestled on a quiet residential street with direct access to scenic walking paths, the 10-plex multifamily is just steps from the waterfront. Only 3 kilometres from Carrefour du Nord and SmartCentres, offering easy access to major retailers such as Winners, L’Équipeur, Walmart Supercenter, The Home Depot, and Centre Hi-Fi, along with nearby entertainment options like Le Cinéma Neuf. 572 Rue Labelle’s strategic location along a major thoroughfare and near Highway 15 and public transit, including the Saint-Jérôme intermodal station, offers excellent connectivity to Greater Montreal. Proximity to shopping, schools, and healthcare facilities makes this address highly attractive for tenants.

Located within the thriving North Shore region of Greater Montreal, Saint-Jérôme has experienced an 8% population increase over the past decade, signaling sustained housing demand. With modern construction, strong financial performance, and prime positioning in a growing urban hub, 572 Rue Labelle represents a standout opportunity for investors seeking a secure and income-producing asset.