$13,016,000
New
ULS: 15746732
16+-Plex
for sale
1235 - 1317 Boul. d'Iberville, Saint-Jean-sur-Richelieu (Iberville)
Rare opportunity in St-Jean-sur-Richelieu: recent multifamily portfolio of 6 buildings with 6 units each, built between 2017 and 2019. Condo-quality construction, excellent income, 54 outdoor parking spaces, 18 enclosed garages, 36 individual storage lockers and an asking price below 17.5 times gross income. Possibility to assume certain existing loans, subject to lender approval. Sought-after Iberville sector, near major roads, services, shops, parks and the Richelieu River. Acquisition possible as a portfolio or by individual building. See also Centris No. 24236767.
Sale with exclusion(s) of legal warranty - See listing broker(s)
RICHARD BOIVIN
Residential and Commercial Real Estate Broker
Addendum
Recent multifamily portfolio located in the Iberville sector of St-Jean-sur-Richelieu, consisting of 6 buildings of 6 units each, built between 2017 and 2019. A sought-after investment opportunity: recent buildings, attractive income, simplified management and strong uniformity between the properties.
The asking price represents less than 17.5 times the annual gross income, offering an attractive position for buildings of this generation.
Condo-quality construction: wood-frame buildings with the addition of approximately 1.5 inches of concrete to improve soundproofing. The portfolio also includes 63 outdoor parking spaces, 18 enclosed garages and 36 individual storage lockers.
The Iberville sector offers a convenient location, with quick access to Autoroute 35, Route 104, shops, services, daycare centres, parks and green spaces. The area also benefits from its proximity to the Richelieu River and outdoor activities.
Potential assumption of several existing mortgage loans, subject to lender approval. According to the information obtained, the approximate total mortgage balance for the 6 buildings is $8,301,000, with an estimated weighted average rate of approximately 3.93%. These loans may offer attractive terms to a qualified buyer, with potential savings on certain costs related to new CMHC/MLI Select financing. Terms, balances, fees, conditions and modalities to be confirmed.
The buildings may be acquired as a portfolio or separately, subject to terms to be agreed upon.
Details by building:
1235 boul. d'Iberville: cadastre 6 234 172
Approx. mortg.: $1,453,000, rate 4.07%, term July 8, 2029, amort. July 8, 2074
Land: 1,128.7 m2, gross inc.: $123,792, price: $2,165,000
1245 boul. d'Iberville: cadastre 6 234 171
Approx. mortg.: $1,722,000, rate 3.51%, term Dec. 18, 2029, amort. Dec. 18, 2074
Land: 1,128.7 m2, gross inc.: $123,552, price: $2,161,000
1295 boul. d'Iberville: cadastre 4 043 742
Approx. mortg.: $1,833,000, rate 3.51%, term Dec. 18, 2029, amort. Dec. 18, 2074
Land: 1,430.6 m2, gross inc.: $133,308, price: $2,331,000
1305 boul. d'Iberville: cadastre 5 854 289
Approx. mortg.: $1,508,000, rate 4.05%, term July 11, 2029, amort. July 11, 2074
Land: 1,269.3 m2, gross inc.: $124,620, price: $2,179,000
1311 boul. d'Iberville: cadastre 5 854 290
Approx. mortg.: $917,000, rate 4.38%, term Nov. 10, 2028, approx. amort. 33 years
Land: 1,248.3 m2, gross inc.: $117,060, price: $2,047,000
1317 boul. d'Iberville: cadastre 5 854 291
Approx. mortg.: $868,000, rate 4.77%, term May 10, 2028, approx. amort. 27 years
Land: 1,248.2 m2, gross inc.: $122,004, price: $2,133,000
Total St-Jean: land 7,453.8 m2, gross inc. $744,336, approx. mortg. $8,301,000, weighted avg. rate 3.93%, price $13,016,000.
The seller also has 2 buildings of 6 units each in St-Césaire, Centris Nos. 24236767 and 18642355.
The asking price represents less than 17.5 times the annual gross income, offering an attractive position for buildings of this generation.
Condo-quality construction: wood-frame buildings with the addition of approximately 1.5 inches of concrete to improve soundproofing. The portfolio also includes 63 outdoor parking spaces, 18 enclosed garages and 36 individual storage lockers.
The Iberville sector offers a convenient location, with quick access to Autoroute 35, Route 104, shops, services, daycare centres, parks and green spaces. The area also benefits from its proximity to the Richelieu River and outdoor activities.
Potential assumption of several existing mortgage loans, subject to lender approval. According to the information obtained, the approximate total mortgage balance for the 6 buildings is $8,301,000, with an estimated weighted average rate of approximately 3.93%. These loans may offer attractive terms to a qualified buyer, with potential savings on certain costs related to new CMHC/MLI Select financing. Terms, balances, fees, conditions and modalities to be confirmed.
The buildings may be acquired as a portfolio or separately, subject to terms to be agreed upon.
Details by building:
1235 boul. d'Iberville: cadastre 6 234 172
Approx. mortg.: $1,453,000, rate 4.07%, term July 8, 2029, amort. July 8, 2074
Land: 1,128.7 m2, gross inc.: $123,792, price: $2,165,000
1245 boul. d'Iberville: cadastre 6 234 171
Approx. mortg.: $1,722,000, rate 3.51%, term Dec. 18, 2029, amort. Dec. 18, 2074
Land: 1,128.7 m2, gross inc.: $123,552, price: $2,161,000
1295 boul. d'Iberville: cadastre 4 043 742
Approx. mortg.: $1,833,000, rate 3.51%, term Dec. 18, 2029, amort. Dec. 18, 2074
Land: 1,430.6 m2, gross inc.: $133,308, price: $2,331,000
1305 boul. d'Iberville: cadastre 5 854 289
Approx. mortg.: $1,508,000, rate 4.05%, term July 11, 2029, amort. July 11, 2074
Land: 1,269.3 m2, gross inc.: $124,620, price: $2,179,000
1311 boul. d'Iberville: cadastre 5 854 290
Approx. mortg.: $917,000, rate 4.38%, term Nov. 10, 2028, approx. amort. 33 years
Land: 1,248.3 m2, gross inc.: $117,060, price: $2,047,000
1317 boul. d'Iberville: cadastre 5 854 291
Approx. mortg.: $868,000, rate 4.77%, term May 10, 2028, approx. amort. 27 years
Land: 1,248.2 m2, gross inc.: $122,004, price: $2,133,000
Total St-Jean: land 7,453.8 m2, gross inc. $744,336, approx. mortg. $8,301,000, weighted avg. rate 3.93%, price $13,016,000.
The seller also has 2 buildings of 6 units each in St-Césaire, Centris Nos. 24236767 and 18642355.
Building details and property interior
Year constructed
2018
Garage
Detached
Lot and exterior features
Lot area
7,453.80 m²
Driveway
Asphalt
Parking (total)
Driveway (63), Garage (18)
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 1,798,100
- Building assessment
- $ 8,042,900
- Total
- $ 9,841,000
Taxes
- Municipal (2026)
- $ 100,077
- School (2025)
- $ 6,865
- Total
- $ 106,942
Annual expenses
- Insurance
- $ 21,902
- Garbage
- $ 7,578
- Total
- $ 29,480
Energy expenses
- Electricity
- $ 6,637
- Total
- $ 6,637
Gross annual revenues (potential)
- Residential
- $ 744,336
- Total
- $ 744,336
Inclusions and exclusions
Mortgage payment calculator
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