- What A five-building townhouse complex in Dollard-des-Ormeaux, Qué., is seeking bids around $40m
- Why Current rents are 82% below market average, offering significant upside potential
- What next JLL has the marketing assignment
A 100-unit townhouse portfolio in Montréal’s West Island suburb of Dollard-des-Ormeaux has hit the market with pricing guidance of $40m, Green Street News can reveal.
JLL is marketing Place Hurteau, at 301-339 Rue Hurteau and 4789-4899 Rue Arthur, on behalf of seller Phoenix Investments.
The complex is 100% leased with average monthly rents of $1,400, approximately 82% below market rates. At the guidance price, the valuation works out to $400,000/unit.
Built in 1975, the complex spans five buildings totaling 135,000 sq ft on a 6-acre lot. Each townhouse unit has three floors and the complex has a mix of 10 two-bedroom, 40 three-bedroom and 50 four-bedroom units.
The property has private backyards, indoor parking, laundry facilities and a newly constructed swimming pool. Parking comprises 102 interior spaces and 43 exterior spots.
The property benefits from transit connectivity and retail amenities, sitting less than a kilometre from the CF Fairview Pointe Claire mall and its connecting REM station — part of Greater Montréal’s new light rail network. It is also close to the Fairview-Pointe-Claire STM station. Costco and the Marché de l’Ouest farmers market are 2 km from the property. Highway 40 is less than 2 km away.
Dollard-des-Ormeaux, commonly known as D.D.O., is an on-island suburb in Montréal’s West Island region, 20 km from downtown Montréal.
Clarification (4/11/25): Article revised to reflect average monthly rents of $1,400.
