514-932-9000 | 416-637-6007
Income Property Real Estate Agency
  • Residential units: 22
  • Floors: 3 + basement
  • Asking price: $3,100,000.00
  • Heating: Gas
  • Hot water: Gas
  • Land: 1,421.90 m² (16,381 ft²)
  • Building size: 16.76 x 14.65 m (55 x 48.05 ft)
  • Building floor area: 245.52 m² (2,642.75 ft²)
  • Parking: 3 indoor spaces and 3 outdoor
  • Year built: 1951

3890 Plamondon:
Building size: 16.76m x 14.65m (55 ft x 48.05 ft)
Floor area: 245.52m² (2,642.75 sq. ft.) Per Floor

3900 Plamondon:
Building size: 16.46m X 14.66m (54 ft X 48.1 ft)
Floor area: 241.31m² (2,597.4 sq. ft.) Per Floor

Notes:
1. Tetrad, 2 Km radius.
2. Walkscore.com.

Established and 100% tenanted multi-family building in the borough of Cote-des-Neiges. Owned and managed by the same family since 1992. A short walk to all the services (walks score of 91, note 2). Two blocks to the South of Plaza Cote-des-Neiges. A walk to Plamondon Metro Station. The building is in great shape with many updates completed including the roof at 3900 Plamondon (2016), all new fiber glass balconies (2016-2017), brick and masonry work (2013), and a high efficiency furnace (2009).

Excellent unit mix with 10 X 3 ½, 8 X 4 ½, and 4 X 5 ½. Offers tremendous upside in the rents: average in place unit rents are only $739 / month (3 ½), $900 / month (4 ½), and $1,037 / month (5 ½) 5% - 10% below market rents. (Heat & hot water paid by landlord).

Bright and large units with lots of windows. Some kitchens and bathrooms have been renovated.

This part of the city has seen steady population growth, estimated at 5.2% from 2012-2017 and has forecast growth of 4.9% from 2017-2022. The median population age is young at 35.7 years old, perfect for the area’s job markets and the Universities found in the Cote-des-Neiges borough. Strong household average income of $74,478 for 2017 (note 1).

The Cote-Des-Neiges borough is home to many of Montreal’s landmarks and destinations, including: three major hospitals, Jewish General Hospital, Saint Mary’s Hospital, CHU Sainte Justine, Colleges Notre Dame, Jean de Brebeuf, The Oratoire Saint-Joseph, University of Montreal, HEC and many more destinations. Ease of transport and close proximity to downtown Montreal makes the Cote-Des-Neiges borough an easy choice for tenants to live in which is why with its 166,520 inhabitants on 21.4 sq. Km. the borough ranks as number 1 amongst Montreal’s 19 boroughs for population size.

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