Montréal, Québec - Global commercial real estate advisor, Avison Young, announces the sale of three high-rise buildings (“the Macdonald Portfolio”), adjacent to Montréal’s prestigious Hampstead community, representing the first change in ownership since their construction in the early 1970s. This is one of the most significant multifamily trades in Québec this year.

The Macdonald Avenue properties were sold after more than five decades of continuous family ownership and management. The buyer, Federal Real Estate, is acquiring a remarkable complex of three 16-storey buildings located along Macdonald Avenue totaling 440 large residential suites averaging 1,054 SF.

Avison Young’s Mark Sinnett and Sebastien Gatti are the exclusive advisors and agents for the vendors.

“These properties offer amenities and large footprints that are difficult to match or beat in the multifamily sector, setting a benchmark for quality in the area’s rental market,” said Mark Sinnett, Principal, Executive Vice President, Québec Capital Markets, Avison Young. “We are proud to have helped our clients find such a perfect buyer in Federal Real Estate, given the personal connection with the buyer having grown up across the street, delivering newspapers to these very towers. Returning as the owner gives the Macdonald Portfolio an incredible new chapter for one of the area’s most impressive multifamily assets.”

The Macdonald Portfolio include 24-hour doorman service, interior and exterior pools, sauna, fitness facilities, a squash court, and ample indoor parking – making it a luxurious, welcoming home for residents in the prestigious neighbourhood.

“With 12 offers received, this deal demonstrates the rarity and appeal of this property in this location,” said Sebastien Gatti, Executive Vice President, Québec Capital Markets, Avison Young. “The 99% historical occupancy and below-market rents position the buyer with a combination of stable income and long-term growth potential in one of Montréal’s most affluent residential enclaves.”

This sale delivers a vote of confidence for the long-term fundamentals and resilience of Québec’s multifamily market. Even as capital markets transition, quality, scale, and competitive financing continue to draw strong investor interest.