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3375 Rue Gélineau 8 Unit Apartment Building $1,790,934 USD ($223,867 USD/Unit) 4.69% Cap Rate Longueuil, QC J3Y 7B6
INVESTMENT HIGHLIGHTS
- DIX30 and Promenades St-Bruno are 15 minutes away
- Each tenant has a parking space and a storage locker
- Possibility of CMHC MLI Select financing
- 8 large apartments of over 1,000 sq.ft. each
- 5 apartments renovated in the last 5 years, 3 units still have below-market rents, lots of room for optimization
- Possibility to purchase with minimal down payment
EXECUTIVE SUMMARY
- Gorgeous 8-plex located in the heart of St-Hubert
- Good location near all services, transports, parks and amenities
- DIX30 and Promenades St-Bruno are 15 minutes away
- 8 large apartments of over 1,000 sq.ft. each
- Each tenant has a parking space and a storage locker
- Electric heating and hot water paid by the tenants
- Washer/dryer and dishwasher hookups in all the units
- 5 apartments renovated in the last 5 years
- 3 units still have below-market rents, lots of room for optimization
- Possibility of CMHC MLI Select financing
- Possibility to purchase with minimal down payment
- Amazing investment opportunity in a great neighborhood
- Good location near all services, transports, parks and amenities
- DIX30 and Promenades St-Bruno are 15 minutes away
- 8 large apartments of over 1,000 sq.ft. each
- Each tenant has a parking space and a storage locker
- Electric heating and hot water paid by the tenants
- Washer/dryer and dishwasher hookups in all the units
- 5 apartments renovated in the last 5 years
- 3 units still have below-market rents, lots of room for optimization
- Possibility of CMHC MLI Select financing
- Possibility to purchase with minimal down payment
- Amazing investment opportunity in a great neighborhood
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$108,574
|
$17.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,257
|
$0.51
|
| Effective Gross Income |
$105,316
|
$16.55
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,245
|
$3.34
|
| Net Operating Income |
$84,071
|
$13.21
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $108,574 |
| Annual Per SF | $17.06 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | $3,257 |
| Annual Per SF | $0.51 |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $105,316 |
| Annual Per SF | $16.55 |
| Taxes (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (USD) | |
|---|---|
| Annual | $21,245 |
| Annual Per SF | $3.34 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $84,071 |
| Annual Per SF | $13.21 |
PROPERTY FACTS
| Price | $1,790,934 USD | Apartment Style | Low-Rise |
| Price Per Unit | $223,867 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 4.69% | Building Size | 6,365 SF |
| Gross Rent Multiplier | 16.5 | No. Stories | 3 |
| No. Units | 8 | Year Built | 1978 |
| Property Type | Multifamily | Parking Ratio | 1.89/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | H.4 | ||
| Price | $1,790,934 USD |
| Price Per Unit | $223,867 USD |
| Sale Type | Investment |
| Cap Rate | 4.69% |
| Gross Rent Multiplier | 16.5 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,365 SF |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | H.4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (84)
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3375 Rue Gélineau
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