InterRent REIT is pleased to announce the acquisition of three new properties in Montreal, located at 235 Sherbrooke Street West, 1025 Sherbrooke Street East and 4875 Dufferin Avenue. With these new acquisitions, InterRent REIT now owns 19 properties throughout the city in areas including Downtown, Plateau Mont-Royal, Villeray, Côte St-Luc, Hampstead, Westmount, Milton-Parc and more.
235 Sherbrooke Street West
Located in the heart of downtown, 235 Sherbrooke Street West, known as Le Nouveau Colisée, is a high-rise building that consists of 293 residential units, features a rooftop terrace, fitness centre, indoor pool and sauna, and has a Walkscore of 99. 235 Sherbrooke Street West is centrally located and only steps away from Place-des-Arts Metro allowing for easy commutes. In addition to the residential features, there is also approximately 7,000 sq ft in commercial/retail space.
1025 Sherbrooke Street East
1025 Sherbrooke Street East, also know as Tour Lafontaine, is a high-rise building with 251 residential units, an indoor pool and fitness center, along with additional commercial space and rooftop area for future amenities. The property is located only 450 metres from the Sherbrooke Metro and has a Walkscore of 98.
4875 Dufferin Avenue
Situated in the Hampstead neighbourhood, 4875 Dufferin Avenue is a 118 unit residential high-rise building with approximately 6,300 sq ft of commercial space. The property is close to nearby amenities, with a Walkscore of 88, and is also 500 meters from the Hampstead Towers property which was acquired in June 2019.
The three properties were acquired for $154,700,000 and create a total Montreal portfolio of 2,681 units.
“We are extremely pleased to announce these acquisitions and to be able to continue growing our footprint in one of the REIT’s key growth markets. These properties are centrally located and very close to other properties owned by InterRent thereby providing significant scale and branding opportunities within the neighbourhoods,” said Mike McGahan, CEO.
For more information on the acquisitions, please see the press release on the InterRent REIT website.