Place Roberval Rental Complex Trades in $22.4M Deal
Place Roberval, a three-building rental complex with 144 units in Longueuil, has sold for $22.4 million. Les Immeubles Jardin Radisson acquired the property on Montreal’s South Shore in a transaction that closed October 5. The sale highlights continued investor interest in older apartment properties with value-add potential.
The transaction involves Place Roberval, a Longueuil rental property made up of three buildings and 144 units. Les Immeubles Jardin Radisson is the acquirer, and the deal for the Montreal South Shore asset closed on October 5 at $22.4 million.
The sale reflects ongoing investor appetite for older apartment properties with possible value-add upside. Because only limited details were disclosed, the transaction’s significance rests on the asset’s size, location, buyer, price, and closing date.
The sale could affect tenants, prospective renters, and nearby residents if the new owner pursues value-add changes, though the disclosed details do not specify renovation or rent plans. It may also signal to investors that older rental complexes on Montreal’s South Shore remain attractive, potentially influencing future transactions. For the local housing market, the outcome could depend on how the property is managed and whether upgrades preserve or alter affordability.