$7,950,000
ULS: 22323484
16+-Plex
for sale
503 Rue Jacques-Cartier, Salaberry-de-Valleyfield (Salaberry-de-Valleyfield)
New Income Building | 3 Additional Blocks + Land Available 50-Year Desjardins Financing | Parking | Elevators | Lockers
SIMON ST-LAURENT
Real Estate Broker AEO, Owner
Addendum
NEW 2024 BUILDING, 20 UNITS, 100% OCCUPIED
$7,950,000 - Salaberry-de-Valleyfield
The Essentials
Building delivered in 2024 by Groupe Vallensis, already in operation. 20 units rented, stable tenant base. New and modern construction. You're buying an asset that generates income now, with no work required.
Financing is already in place: 50-year mortgage with Desjardins, APH select, negotiated in 2023, transferable to buyer with mortgage assumption. Current market conditions are far less favorable.
The Revenue
Annual gross income: $437,952
Median rent: $1,855/month
Occupancy: 20/20 units (including one model condo soon to be rented)
Unit Mix
- 1 three-and-a-half
- 16 four-and-a-half units (80%)
- 3 five-and-a-half units
The majority are 4½s, the most in-demand format.
Improvement Potential: +$25,000/year
Each unit has its own electrical meter. Electricity and internet are currently included in rent to facilitate initial leasing.
These charges can be gradually transferred to tenants upon lease renewal.
The current tenant base shows very low turnover. The impact on occupancy is historically minimal with this type of transfer.
Expansion Option
Three other identical blocks are available for acquisition, as well as adjacent land for future developments. (One 100-unit block or 24 units x 3)
Acquiring multiple blocks enables centralized management and significant economies of scale.
Features
Each unit includes:
- 5 stainless steel appliances
- Individual wall-mounted heat pump
- Private outdoor parking
- Storage space (locker)
- Balcony or terrace
Infrastructure
- Elevators
- Complete sprinkler system
- Secure entry with intercom
- Electric charging stations
- 7-day tenant services
Modern finishes and durable materials that justify premium pricing positioning.
Location
Salaberry-de-Valleyfield, 20 km from Montreal. Direct highway access, proximity to Lake Saint-François, full services nearby. High school and trade school within 5-minute walk.
Active rental market with low vacancy rate.
Buyer Profile
Expected down payment: approximately 10% depending on profile
Estimated mortgage in place: $7,100,000
Model unit viewing available by appointment.
Group Acquisition
All 4 blocks of the project are offered simultaneously. Possibility to structure an acquisition of 2 or more blocks with preferred discussion on terms.
A clear, manageable, profitable asset.
$7,950,000 - Salaberry-de-Valleyfield
The Essentials
Building delivered in 2024 by Groupe Vallensis, already in operation. 20 units rented, stable tenant base. New and modern construction. You're buying an asset that generates income now, with no work required.
Financing is already in place: 50-year mortgage with Desjardins, APH select, negotiated in 2023, transferable to buyer with mortgage assumption. Current market conditions are far less favorable.
The Revenue
Annual gross income: $437,952
Median rent: $1,855/month
Occupancy: 20/20 units (including one model condo soon to be rented)
Unit Mix
- 1 three-and-a-half
- 16 four-and-a-half units (80%)
- 3 five-and-a-half units
The majority are 4½s, the most in-demand format.
Improvement Potential: +$25,000/year
Each unit has its own electrical meter. Electricity and internet are currently included in rent to facilitate initial leasing.
These charges can be gradually transferred to tenants upon lease renewal.
The current tenant base shows very low turnover. The impact on occupancy is historically minimal with this type of transfer.
Expansion Option
Three other identical blocks are available for acquisition, as well as adjacent land for future developments. (One 100-unit block or 24 units x 3)
Acquiring multiple blocks enables centralized management and significant economies of scale.
Features
Each unit includes:
- 5 stainless steel appliances
- Individual wall-mounted heat pump
- Private outdoor parking
- Storage space (locker)
- Balcony or terrace
Infrastructure
- Elevators
- Complete sprinkler system
- Secure entry with intercom
- Electric charging stations
- 7-day tenant services
Modern finishes and durable materials that justify premium pricing positioning.
Location
Salaberry-de-Valleyfield, 20 km from Montreal. Direct highway access, proximity to Lake Saint-François, full services nearby. High school and trade school within 5-minute walk.
Active rental market with low vacancy rate.
Buyer Profile
Expected down payment: approximately 10% depending on profile
Estimated mortgage in place: $7,100,000
Model unit viewing available by appointment.
Group Acquisition
All 4 blocks of the project are offered simultaneously. Possibility to structure an acquisition of 2 or more blocks with preferred discussion on terms.
A clear, manageable, profitable asset.
Building details and property interior
Dimensions
74' 1" X 70' 11"
Year constructed
2024
Lot and exterior features
Lot size
92' 1" X 83' 8"
Lot area
715.10 m²
Parking (total)
Driveway (30)
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Annual expenses
- Elevator(s)
- $ 5,000
- Insurance
- $ 7,127
- Superintendent
- $ 7,000
- Snow removal
- $ 2,586
- Total
- $ 21,713
Energy expenses
- Electricity
- $ 20,000
- Total
- $ 20,000
Gross annual revenues (potential)
- Residential
- $ 445,140
- Parking
- $ 9,000
- Total
- $ 454,140
Inclusions and exclusions
Inclusions
Each unit equipped with individual meters (electricity, hot water). Complete sprinkler system. 2024 construction. High-speed fiber optic internet installed. 7-day tenant maintenance and emergency service in place. Transferable institutional financing without full credit review.
Mortgage payment calculator
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