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120 Av De Lorraine 16 Unit Apartment Building $2,131,218 USD ($133,201 USD/Unit) 5.74% Cap Rate Lachute, QC J8H 4E3
Investment Highlights
- 16-unit, three-storey apartment building offering 2 × 3½, 7 × 4½, and 7 × 5½ units to attract a broad tenant base.
- Units feature hardwood floors, private concrete balconies, outdoor storage, and 16 exterior parking spaces.
- Generates a potential gross annual revenue of $171,840, supporting stable long-term cash flow.
- Detached 1978-built asset on a large 24,205 sq. ft. lot in Lachute, listed at $2,995,000?.
Executive Summary
This detached three-storey, 16-unit apartment building was built in 1978 and sits on a 24,205 sq. ft. lot at 120 Av. de Lorraine in Lachute, Quebec?. Listed at $2,995,000, the property offers a strong unit mix of 2 × 3½, 7 × 4½, and 7 × 5½ apartments, with 16 exterior parking spaces. It generates a potential gross annual revenue of $171,840 and features renovated units with hardwood floors, private concrete balconies, parking, and outdoor storage — a solid income property with stable revenue and long-term rental upside. Sale is with exclusion(s) of legal warranty.
Property Facts
| Price | $2,131,218 USD | Apartment Style | Low-Rise |
| Price Per Unit | $133,201 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 5.74% | Building Size | 15,348 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.04/1,000 SF |
| Price | $2,131,218 USD |
| Price Per Unit | $133,201 USD |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 15,348 SF |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 1.04/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 5 | - | - |
| 3+1 | 3 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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120 Av De Lorraine
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