Les Résidences André-Laurendeau - 1300 Ducas, Lasalle

JLL has been retained on an exclusive basis to arrange the sale of a multifamily student housing building located at 1300 Ducas Street, in the heart of the Montréal suburb of LaSalle (the "Property", "The Residences", or "Les Résidences André-Laurendeau").

Les Résidences André-Laurendeau is a purpose-built student housing complex featuring 61 studio units on the André-Laurendeau CEGEP campus. The Property offers both one-bed and two-bed studios, all equipped with essential amenities iincluding a bed, fridge, stove, desk, and other basic appliances. Residents enjoy free internet access supplied by the CEGEP, access to a convenient common laundry room in the basement as well as easy access to facilities like the campus athletic center and the Michel-Leduc aquatic complex.

This strategic asset benefits from its unparalleled on-campus location, offering students direct access to their place of study. Parking is available on CEGEP grounds at student-friendly rates. While primarily serving André-Laurendeau CEGEP students, the residence can also accommodate students from the Centre intégré de mécanique, de métallurgie et d'électricité (CIMME), broadening its appeal and demand base.

The Property has maintained an impressive 100% occupancy rate, underpinned by the constant influx of students each academic year. This guaranteed turnover ensures a stable and predictable income stream for investors. Additionally, its location in LaSalle provides excellent connectivity to the rest of Montréal through public transportation and easy access to major roads, making this an exceptional investment opportunity in the growing student housing sector.