$2,300,000
ULS: 23709495
8-15-Plex
for sale
10 Rue Yvan-Ménard, Saint-Rémi
Welcome to the 8-unit building located at 10 Yvan-Ménard Street, St-Rémi! This modern building, constructed in 2017, generates $128,220 in annual income. It has an area of 10,646 sq. ft., 16 parking spaces, private balconies with glass railings, wall-mounted air conditioning, electric heating at the tenants' expense, metal roofing, and high-quality materials. The property has been meticulously maintained by the original owners. Gross Rent Multiplier (GRM): 17.94. Cap rate: 4.51%. This sale is conditional on the joint purchase of the neighboring building at 6 Yvan-Ménard Street. A rare opportunity for investors seeking a high-performing asset.
Sale with exclusion(s) of legal warranty - See listing broker(s)
ROBERT SICOTTE
Certified real estate broker
Addendum
*** Modern and Profitable 8-Unit Building in Saint-Rémi ***
Address: 10 Yvan-Ménard Street, Saint-Rémi (QC)
Asking Price: $2,300,000
Gross Annual Revenue: $128,220
This 8-unit building, constructed in 2017, offers 10,646 sq. ft. and includes 16 parking spaces. Each apartment has a private balcony with glass railings, a wall-mounted air conditioner, and electric heating at the tenants' expense. The water heaters (installed in 2017) are still well within their useful life. Metal roof, high-end materials, optimized soundproofing.
The property has been meticulously maintained by the original owners; no deferred maintenance is anticipated.
*** Financial Analysis for Investors ***
Gross Rent Multiplier (GRM)
GRM = Asking Price ÷ Gross Annual Revenue
GRM = $2,300,000 ÷ $128,220 = 17.94
The gross rent multiplier (GRM) is an indicator that compares the purchase price to the gross revenue generated by the building. A GRM below 18 is generally considered reasonable for a modern, well-maintained residential property located on the outskirts of Montreal.
2. Capitalization Rate (Cap Rate)
Cap Rate = Net Operating Income (NOI) ÷ Purchase Price
Estimated Annual Expenses:
Municipal Taxes (2025): $13,263.53
School Taxes (2024-2025): $1,185.18
Electricity (2024): $576.72
Snow Removal (2024-2025): $1,610.00
Snow Hauling (2024-2025): $580.00
Lawn Mowing (2025): $517.39
Property Insurance: $3,826.00
Garbage and Recycling Collection: $1,496.13
Cleaning Services: $1,524.00
Total Annual Expenses: $24,578.95
Net Operating Income (NOI):
$128,220 - $24,578.95 = $103,641.05
Cap Rate:
$103,641.05 ÷ $2,300,000 = 4.51%
This cap rate illustrates a modern, well-maintained building, providing stable returns in a robust rental market. The apartments are attractive, with little ongoing maintenance required.
A residential building of this quality, delivered in 2017, featuring high-end finishes, careful management, and solid net returns, represents a safe investment for anyone seeking a low-maintenance, well-located asset.
To obtain the full brochure or to schedule a visit, contact us today.
*** REAL ESTATE COMPLEX ***
Properties for Sale Together -- 40 units in Saint-Rémi (6 & 10 Yvan-Ménard Street)
Total Price: $7,000,000
Gross Annual Revenue: $411,396
Two well-maintained buildings (8 units from 2017 and 32 units from 1987), electric heating paid by tenants, metal roofs, recent water heaters.
*** Financial Analysis ***
Combined net income of approximately $163,000, average GRM of 17.27, and average cap rate of 4.62%, offering stable and attractive returns.
*** Key Features ***
Buildings facing each other -- simplifies management
Heating paid by tenants
Optimization potential
Address: 10 Yvan-Ménard Street, Saint-Rémi (QC)
Asking Price: $2,300,000
Gross Annual Revenue: $128,220
This 8-unit building, constructed in 2017, offers 10,646 sq. ft. and includes 16 parking spaces. Each apartment has a private balcony with glass railings, a wall-mounted air conditioner, and electric heating at the tenants' expense. The water heaters (installed in 2017) are still well within their useful life. Metal roof, high-end materials, optimized soundproofing.
The property has been meticulously maintained by the original owners; no deferred maintenance is anticipated.
*** Financial Analysis for Investors ***
Gross Rent Multiplier (GRM)
GRM = Asking Price ÷ Gross Annual Revenue
GRM = $2,300,000 ÷ $128,220 = 17.94
The gross rent multiplier (GRM) is an indicator that compares the purchase price to the gross revenue generated by the building. A GRM below 18 is generally considered reasonable for a modern, well-maintained residential property located on the outskirts of Montreal.
2. Capitalization Rate (Cap Rate)
Cap Rate = Net Operating Income (NOI) ÷ Purchase Price
Estimated Annual Expenses:
Municipal Taxes (2025): $13,263.53
School Taxes (2024-2025): $1,185.18
Electricity (2024): $576.72
Snow Removal (2024-2025): $1,610.00
Snow Hauling (2024-2025): $580.00
Lawn Mowing (2025): $517.39
Property Insurance: $3,826.00
Garbage and Recycling Collection: $1,496.13
Cleaning Services: $1,524.00
Total Annual Expenses: $24,578.95
Net Operating Income (NOI):
$128,220 - $24,578.95 = $103,641.05
Cap Rate:
$103,641.05 ÷ $2,300,000 = 4.51%
This cap rate illustrates a modern, well-maintained building, providing stable returns in a robust rental market. The apartments are attractive, with little ongoing maintenance required.
A residential building of this quality, delivered in 2017, featuring high-end finishes, careful management, and solid net returns, represents a safe investment for anyone seeking a low-maintenance, well-located asset.
To obtain the full brochure or to schedule a visit, contact us today.
*** REAL ESTATE COMPLEX ***
Properties for Sale Together -- 40 units in Saint-Rémi (6 & 10 Yvan-Ménard Street)
Total Price: $7,000,000
Gross Annual Revenue: $411,396
Two well-maintained buildings (8 units from 2017 and 32 units from 1987), electric heating paid by tenants, metal roofs, recent water heaters.
*** Financial Analysis ***
Combined net income of approximately $163,000, average GRM of 17.27, and average cap rate of 4.62%, offering stable and attractive returns.
*** Key Features ***
Buildings facing each other -- simplifies management
Heating paid by tenants
Optimization potential
Building details and property interior
Dimensions
54' X 42' 1" irr.
Year constructed
2017
Windows
PVC
Window Type
Casement
Siding
Aluminum, Brick, Vinyl
Roofing
Sheet metal
Basement
Finished basement, 6 feet and more
Lot and exterior features
Lot size
114' 5" X 93' 1"
Lot area
10,646.30 ft²
Topography
Flat
Driveway
Double width or more, Asphalt
Parking (total)
Driveway (16)
Proximity
Park, Bicycle path, Daycare centre, High school, Highway, Elementary school
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2025)
- Lot assessment
- $ 445,100
- Building assessment
- $ 1,398,100
- Total
- $ 1,843,200
Taxes
- Municipal (2025)
- $ 13,264
- School (2025)
- $ 1,233
- Total
- $ 14,497
Annual expenses
- Insurance
- $ 3,826
- Superintendent
- $ 1,524
- Snow removal
- $ 2,190
- Garbage
- $ 1,496
- Lawn
- $ 517
- Total
- $ 9,553
Energy expenses
- Electricity
- $ 577
- Total
- $ 577
Gross annual revenues (potential)
- Residential
- $ 128,220
- Total
- $ 128,220
Inclusions and exclusions
Inclusions
Light fixtures and hardware will be on site on the day of the sale.
Exclusions
Light fixtures, blinds, curtains and rods, and the tenants' personal belongings.
Mortgage payment calculator
$
$
$
%