Recent Significant Sales | Multi-Family, January 2024

GATINEAU – 161 UNITS 

As part of an estate liquidation process, a real estate complex built in 1972, consisting of 161 brick and wood residential units, located in the Gatineau region, was sold for a total of $17.4 million. This amount reflects a cost per unit (CPU) of $108,000 and an overall discount rate of 5.6%.

The buyer, a private investor, thus enhances their real estate portfolio, which now includes over 450 residential units in sought-after areas of Gatineau and Montreal.

MAGOG – 72 UNITS

A set of 6 properties totaling 72 units has been acquired by a private investor in the city of Magog, at a combined price of $7 million, resulting in an average cost per unit of $98,000. The buildings were constructed between 1981 and 1985.

The purchaser appears to be expanding their real estate portfolio, which prior to this transaction, was solely based in Sherbrooke.

AHUNTSIC – 54 UNITS

A private investor recently finalized the sale of a building constructed in 1968, comprising 54 residential units, for a total amount of $10.3 million. This price translates to a cost per unit (CPU) of $191,000.

This acquisition marks the beginning of the private investor’s expansion into the multi-residential housing sector in Montreal.

ROSEMONT – 52 UNITS

A real estate investor particularly active in the Montreal area has just sold a property with 52 units built in 1962, located in the Rosemont neighborhood. This transaction was concluded for an amount of $14 million, thus establishing a cost per unit (CPU) of $269,000.

Thanks to this sale, the buyer now owns a real estate portfolio comprising over 150 units, acquired between 2020 and 2024.