Immeubles Galleon S.E.C. has sold five residential properties located on Boulevard Fortin in Granby for $13.5 million. The buyer obtained financing of $8.75 million from Addenda Capital for this acquisition.
Key highlights:
- Immeubles Galleon had acquired these properties for $7 million in March 2024
- The transaction involves 63 housing units
- The buildings were constructed between 1970 and 2018
This sale represents a significant return on investment for Immeubles Galleon, who held the properties for less than a year before selling. The transaction showcases the continued interest in multi-residential properties in smaller Quebec markets like Granby.
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