New construction project comprising 87 units in Laval

Asking Price

$37,895,000

Portfolio Description

Located in the highly sought-after Sainte-Rose area of Laval, it is a turnkey residential real estate project offering a solid and long-term investment opportunity in a growing market.

Developed in three phases, the project consists of 87 rental units across two 27-unit buildings and one 33-unit building. The diversified unit mix 3-bedroom, 2-bedroom, and 1-bedroom apartments (5½, 4½, and 3½ layouts) is designed to meet strong local rental demand and attract a broad tenant base.

Designed with contemporary architecture and built to high-quality standards, Le Rose Laval stands out for its modern aesthetic, durability, and strong rental appeal. Its strategic location, close to services, retail, major highways, and public transportation, further enhances its positioning as a stable and income-generating asset.

Le Rose Laval represents a unique opportunity to acquire an entire income-producing property in a growing market, combining stability, appreciation potential, and long-term returns.

Highlights

Across from L'Équinoxe school and several other schools within a 2km radius.

10 minutes from Costco and Carrefour Laval.

Area primarily single-family homes, therefore far from direct competitors.

Sustained price growth and market activity.

Capital spendings in recent years

New construction

Other information

The seller will self-assess the property taxes, so there are no taxes to pay for the buyer.

Sold leased.

The seller will arrange financing, which must be assumed by the buyer. Financing amounts and terms are approximate and subject to change. The amount assumed includes the CMHC premium.

Portfolio properties
Immeuble F de la Renaissance, Sainte-Rose 33 Units View building
Immeuble E de la Renaissance, Sainte-Rose 27 Units View building
Immeuble D - de la Renaissance, Sainte-Rose 27 Units View building
Location
Portfolio Description

General Information

Total Municipal Assessment

Total Municipal AssessmentNot issued
Municipal Land AssessmentNot issued
Municipal Building AssessmentNot issued

Construction

Number of Storeys3
Type of BuildingIsolated
Type of ConstructionBrick and wood
Year of Construction2026-2027
Building E (27 units): Delivery July 1, 2026 Building F (33 units): Delivery September 1, 2026 Building D (27 units: Delivery January 1, 2027

Electromechanical System

Fire SystemFire alarm system

Parking

Type of ParkingIndoor / Exterior
Number of Parking Spaces103 (55 ind + 48 ext.)

Building type

Laundry RoomNo
Number of Units9x5.5 + 27x4.5 + 51x3.5
Washer/Dryer InletYes, in each unit
Appliance ResponsibilityAt the choice of tenants
Heating ResponsibilityTenants
Hot Water ResponsibilityOwner
Near the project, there is a good mix of residential areas, shops, services, schools and road networks (e.g. Dagenais Boulevard and highways (A-440/A-15)), which enhances the appeal for tenants and long-term appreciation.

Features

PlumbingPVC/PEX/ABS
Condition of RoofElastomeric membrane
Condition of DoorsDoor with/without glazing
Condition of BalconiesAluminum decking
Concierge AgreementNo
Intercom and DoorbellIntercom
Heating SystemElectric baseboard heaters and heat pumps
Hot Water SystemCentralized reservoirs
Condition of WindowsPVC / Aluminium
Condition of KitchensNew - quartz countertops
Electrical PanelsCircuit breakers
Exterior SidingBrick, steel siding and aluminum panels
Condition of BathroomsNew construction
Environmental ReportYes
Floor CoveringGlued vinyl strip
Income & Expenses

Revenue

yearly
Residential $1,823,940
Affordable res.
Commercial
Lockers $24,300
Parking $125,700
Laundry
Électros $57,000
EV Chargers $9,600
Total revenues $2,040,540
Vac. / Bad debt $61,216
EGR $1,979,324

Expenses

Calc. yearly
Administration Normalised $98,966
Municipal Taxes Estimated $252,300
School Taxes
Insurance Estimated $48,598
Electricity Estimated $24,890
Heating
Snow Removal
Elevator Estimated $10,800
Lawn
Structural reserve
Janitor Normalised $34,800
Maintenance Normalised $60,900
Appliances Estimated $26,100
WiFi
Heat pump
CHMC: Other Costs Normalised $19,793
Télécommunication Current $7,200
Thermopompe Current $16,530
Total expenses $600,877
Net Revenue $1,378,446

Financing

schl
Maximum loan amount $31,800,000
Financing CAP
Debt coverage ratio
Interest Rate 3.8 %
Amortization 50 Years
Term 5 Years

Treasury

schl
Net Revenue $1,378,446
Annual Mortgage Cost $1,255,986
Net cash after mortgage $122,460
RETURN ON INVESTMENT
Down Payment $6,095,000
Cash on cash return 2.0 %
Return on liquidity + capitalization 6.8 %
Total yearly return with appreciation of 2.5 %
22.34 %

Indicators

CPU
435 600 $
GIM
18,6
NIM
27,5
CAP
3,6 %
Portfolio properties details

Total Municipal Assessment

Land Municipal Assessment Non émise
Building Municipal Assessment Non émise
Total Municipal Assessment Non émise
Land Municipal Assessment Non émise
Building Municipal Assessment Non émise
Total Municipal Assessment Non émise
Land Municipal Assessment Non émise
Building Municipal Assessment Non émise
Total Municipal Assessment Non émise

Rent roll

To see the detailed rent rolls of this building, you need to be connected.
Azamat Kar
Azamat Kar
Team Azamat Kar
Senior VP
|
Real Estate Broker | PMML Partner
514-963-8718 azamat.kar@pmml.ca
The remarks, descriptions, characteristics and financial projections contained in this document are for information only and should not be considered official. The information contained herein comes from sources we believe to be reliable, but for which we cannot guarantee the accuracy. It is the buyer's responsibility to check everything and to declare themselves satisfied or dissatisfied with it during the due diligence process following an accepted promise to purchase.
PMML inc. REAL ESTATE AGENCY AND MORTGAGE BROKERAGE FIRM ©COPYRIGHTS 2026 PMML - ALL RIGHTS RESERVED