Income property with 30 units including 1 x 6 1/2, 3 x 5 1/2, 6 x 4 1/2, 19 x 3 1/2 and a commercial space of 1,220 sq.ft. Total area of 19,014 sq.ft. CMHC mortgage assumption, APH 100 energy efficiency points, 50-year amortization with a favorable rate of 3.41% maturing in 2029. Opportunity for investor purchase with 15% down payment.
Addendum
A loan will have to be assumed by the buyer:
Amortization: 50 years
Maturity: 2029
Balance: $7,763,559.86
Rate: 3.41%
It is also possible to purchase the shares of the owners’ corporation.
The maintenance expenses of 30 x $620/year and janitorial services of 30 x $360 must be normalized as CMHC does.
ADDENDUM
Building Features
27 out of 29 units have been renovated.
Mixed-use building with 29 residential units, also including one commercial space.
Strong rental income and excellent occupancy stability.
Diverse unit mix offering strong rental appeal in a consistently high-demand market.
Large-scale real estate asset ideal for investors seeking a high-performing long-term property.
Interesting optimization and value-add potential.
Area recognized for strong rental demand and commercial dynamism.
Location and Area
Located in the heart of a vibrant and sought-after area of Montreal.
Neighborhood known for its dynamic community life and strong commercial traffic.
Close to numerous cafés, restaurants, bakeries, local shops, and essential services.
Quick access to grocery stores, pharmacies, banks, and sports centers.
Highly desirable environment for young professionals, families, and students alike.
Area benefiting from excellent walkability and bike accessibility.
Transportation and Accessibility
Close to several bus lines, facilitating travel to different areas of Montreal.
Quick access to major roadways.
Easy commuting to central neighborhoods and surrounding areas.
Bike paths and various mobility options nearby.
Parks and Recreation
Close to several parks, green spaces, and sports facilities.
Lively neighborhood offering a multitude of activities, terraces, and urban attractions.
Area appreciated for its balance between residential and commercial life.
Maisonneuve Park, Botanical Garden, Olympic Stadium, Promenade Masson.
Internet included via WiFi Plex, add 1 elevator.
A rare opportunity to acquire a large-scale income property in a strategic location in Montreal.
FULL BUILDING VISIT UPON ACCEPTED PROMISE TO PURCHASE
