*** 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