- What Two-building multifamily complex in Laval to hit the market
- Why The two towers have 289 apartments and seven retail spaces
- What next Formal bidding process slated for this fall
A Laval multifamily complex will come to market this fall seeking $135m, which would be the city’s largest trade in five years and the second-largest single-property rental sale in Québec over the same period, Green Street News can reveal.
Marcus & Millichap’s Mariani-Di Gennaro Groupe has been awarded the marketing assignment for the 289-unit Tours Saint-Martin by Groupe Arduini. A marketing campaign will launch in a few months, with bids to be accepted soon after. The asking price works out to $465,000/unit.
The fully occupied property, at 2976-2900 Boulevard Saint-Martin Ouest, encompasses two 14-storey towers totaling 317,000 sq ft, excluding indoor parking. There are seven street-level retail storefronts – also fully leased – that total an additional 7,200 sq ft.
The tower at 2980 Saint-Martin has 145 units. There are 72 one-bedroom apartments (ranging from 680 to 790 sq ft), 65 two-bedroom rentals (1,004 to 1,145 sq ft), and eight suites with three bedrooms (1,240 to 1,340 sq ft). The 144-unit building at 2990 Saint-Martin tower has 64 one bedrooms (630 to 795 sq ft), 72 apartments with two bedrooms (1,015 to 1,160 sq ft), and eight with three bedrooms (1,290 to 1,340 sq ft).
Apartments have 9-foot ceilings, contemporary kitchens, private glass balconies and air conditioning. Amenities include an indoor and outdoor pool, two fitness centers, a rooftop patio with barbecues, an urban chalet lounge, bike storage, a steam room and sauna, and 24/7 camera surveillance. There is also a landscaped, 20,000 sq ft courtyard and 402 parking stalls. Each tower has two elevators and the complex is managed on-site.
Built between 2018 and 2019, Tours Saint-Martin is at the corner of Saint-Martin and Daniel-Johnson Boulevards, within an area designated for transit-oriented development. The sales pitch will tout the complex as one of the largest new construction rental properties in a high-growth area of Laval. The property’s amenity offerings will also be highlighted, compared to other surrounding properties.
The complex is near Montmorency and De la Concorde metro stations and Highways 15 and 440, as well as Centropolis and Carrefour Laval.
A sale of Tours Saint-Martin at the asking price would be the highest price paid for a single apartment property in Laval since 2020, according to Green Street’s Sales Comps Database. The current peak is held by The James, a 235-unit property sold to Canadian Apartment Properties REIT in 2022. The only apartment sale in the province above $130m over the past five years was the sale of the 1,108-unit Norgate Apartments in December 2024.
