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315 Rue Rielle 32 Unit Apartment Building For Sale Verdun, QC H4G 2S6



Executive Summary
Immeubles Gloria Commercial Inc. (the “Agency”) is proud to present, on an exclusive basis, the sale of 315 Rielle Street, Montreal (the “Property”), on behalf of 10880884 CANADA INC. (the “Seller”).
This institutional-grade, 32-unit multifamily asset was completely renovated in 2019–2020 with high-end finishes—quartz countertops, hardwood and porcelain floors, noise insulation, and new mechanical, electrical, and plumbing systems—offering investors a true turn-key acquisition. The unit mix is well-balanced with two 2 ½, seventeen 3 ½, and thirteen 4 ½ apartments, plus a large 6-space underground garage.
Strategically located just 250 meters from De l’Église metro and steps from Wellington Street—voted “World’s Coolest Street” in 2022—the Property offers unmatched access to Verdun’s vibrant lifestyle, cafés, restaurants, shops, and the waterfront park with its urban beach. With Concordia, McGill, and UQAM students driving demand, the area is one of Montreal’s most dynamic rental markets.
Beyond its strong in-place income, the Property benefits from long-term appreciation potential, CMHC MLI Select financing eligibility, and even the option to develop a penthouse office or studio on the 4th floor.
This memorandum represents a rare opportunity to secure a fully repositioned, high-quality multifamily building in one of Montreal’s most desirable neighborhoods—a prime addition to any institutional or private portfolio.
This institutional-grade, 32-unit multifamily asset was completely renovated in 2019–2020 with high-end finishes—quartz countertops, hardwood and porcelain floors, noise insulation, and new mechanical, electrical, and plumbing systems—offering investors a true turn-key acquisition. The unit mix is well-balanced with two 2 ½, seventeen 3 ½, and thirteen 4 ½ apartments, plus a large 6-space underground garage.
Strategically located just 250 meters from De l’Église metro and steps from Wellington Street—voted “World’s Coolest Street” in 2022—the Property offers unmatched access to Verdun’s vibrant lifestyle, cafés, restaurants, shops, and the waterfront park with its urban beach. With Concordia, McGill, and UQAM students driving demand, the area is one of Montreal’s most dynamic rental markets.
Beyond its strong in-place income, the Property benefits from long-term appreciation potential, CMHC MLI Select financing eligibility, and even the option to develop a penthouse office or studio on the 4th floor.
This memorandum represents a rare opportunity to secure a fully repositioned, high-quality multifamily building in one of Montreal’s most desirable neighborhoods—a prime addition to any institutional or private portfolio.
Property Facts
| Sale Type | Investment | Building Class | C |
| Gross Rent Multiplier | 19.91 | Lot Size | 0.14 AC |
| No. Units | 32 | Building Size | 48,015 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1968/2019 |
| Apartment Style | Low-Rise | Parking Ratio | 0.12/1,000 SF |
| Zoning | H02-30 | ||
| Sale Type | Investment |
| Gross Rent Multiplier | 19.91 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 48,015 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1968/2019 |
| Parking Ratio | 0.12/1,000 SF |
| Zoning | H02-30 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | - | - |
| 1+1 | 17 | - | - |
| Studios | 2 | - | - |
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Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (89)
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315 Rue Rielle
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