- What A recently built apartment complex in Montréal is seeking $110m
- Why Developer Rosefellow completed the 11-storey building in 2022
- What next CBRE has the marketing assignment for the 270-unit property
A 2022-built apartment complex in Montréal’s Saint-Laurent borough has hit the market with pricing guidance of $110m, Green Street News can reveal.
The property, dubbed Le Cent-Onze, is at 111 Alexis-Nihon Boulevard near the intersection of Highways 40, 15 and 117. The 11-storey concrete structure, from Montréal-based developer Rosefellow, comprises 270 apartment units and maintains a 95% occupancy rate. CBRE has the marketing assignment.
The building has a mix of units including two studios, 120 one-bedroom, 129 two-bedroom and 19 three-bedroom apartments. Unit sizes range from 570-1,400 sq ft, with an average of 885 sq ft. The valuation works out to $407,000/unit.
The property has 295 parking stalls. Amenities include a rooftop pool, coworking spaces, interior parking and storage lockers.
The complex sits 2 km from the new Royalmount mega-mall development, 9 km from downtown Montréal and 7 km from Montréal-Pierre Elliott Trudeau International Airport.
Rosefellow, founded in 2019 by former Montoni and Broccolini executives Mike Jager and Sam Tsoumas, has rapidly established itself as a significant player in Montréal’s real estate market. The firm has developed over 14 m sq ft of industrial and multifamily projects, including several notable developments in the Greater Montréal Area.
Le Cent-Onze is one of the company’s flagship residential developments, highlighting its focus on modern, amenity-rich multifamily properties.
