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261-271 Av Greene 6 Unit Apartment Building $1,548,576 USD ($258,096 USD/Unit) Montréal, QC H4C 2H9
Investment Highlights
- Prime Saint-Henri address steps from the Atwater Market and major transport links.
- Opportunity to assume an advantageous mortgage financing structure with a low fixed rate.
- Significant capital improvements include new foundation piles (2022) and roof replacement (2021).
Executive Summary
Located in the vibrant Saint-Henri neighborhood, this rare sixplex offers investors a premium opportunity within Montréal’s sought-after Sud-Ouest sector. The building is ideally positioned just steps from Atwater Market and surrounded by retail, cultural attractions, and transit links, providing enduring rental demand and strong appreciation potential.
Built in 1930 and meticulously maintained, the property reflects long-term investment resilience with major structural upgrades, including foundation reinforcement with new piles completed in 2022 and a roof replacement in 2021. Additional masonry and maintenance investments have improved durability and functionality. Exterior brick enhances curb appeal, complemented by rear galleries adding character and tenant convenience.
Configured as two units per floor across three storeys, the asset currently delivers reliable annual revenues estimated at approximately $153,600, supported by professional management. Three units are held under a master lease agreement, ensuring operational stability. This transaction includes an assumable mortgage with an outstanding balance around $2,053,614 at an attractive 3.7% rate maturing in 2030—favorable leverage for long-term cash flow and portfolio planning. Situated in a corridor benefiting from accelerating redevelopment and proximity to highway networks, hospitals, parks, and universities, this property combines location security with a proven income record.
Built in 1930 and meticulously maintained, the property reflects long-term investment resilience with major structural upgrades, including foundation reinforcement with new piles completed in 2022 and a roof replacement in 2021. Additional masonry and maintenance investments have improved durability and functionality. Exterior brick enhances curb appeal, complemented by rear galleries adding character and tenant convenience.
Configured as two units per floor across three storeys, the asset currently delivers reliable annual revenues estimated at approximately $153,600, supported by professional management. Three units are held under a master lease agreement, ensuring operational stability. This transaction includes an assumable mortgage with an outstanding balance around $2,053,614 at an attractive 3.7% rate maturing in 2030—favorable leverage for long-term cash flow and portfolio planning. Situated in a corridor benefiting from accelerating redevelopment and proximity to highway networks, hospitals, parks, and universities, this property combines location security with a proven income record.
Property Facts
| Price | $1,548,576 USD | Building Class | C |
| Price Per Unit | $258,096 USD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 5,802 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C.4C & I.1C & H - Commerce et Habitation | ||
| Price | $1,548,576 USD |
| Price Per Unit | $258,096 USD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,802 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | C.4C & I.1C & H - Commerce et Habitation |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Hardwood Floors
Site Amenities
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
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261-271 Av Greene
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