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  • Residential units: 16
  • Floors: 3 + basement
  • Asking price: $2,425,000.00
  • Heating: Electric (tenant paid)
  • Hot water: Electric (tenant paid)
  • Land: 704.8 m² (7,586.40 ft²)
  • Building size: 17.71 x 20.13 m (58.1 x 66.04 ft)
  • Building floor area: 1,066.9 m² (11,484.02 ft²)
  • Parking: 2 outdoor spaces
  • Year built: 1955
100% occupied and ideally located near St-Michel Metro and Maisonneuve Park, West of Rosemont Boulevard between Beaubien & Saint-Zotique. Strong Walkscore of 84 (Walkscore.com), on numerous bus routes and within walking distance to CEGEP Rosemont.
Exceptional rents are being achieved in this sub-market, with CMHC reporting only a 2.8% overall vacancy rate as of October 2018. Current rents are approximately 20.4% below market (Baron Realty analysis), offering excellent upside to the prospective purchaser. Units are fully sub-metered for heating (electric), hot water (tanks in each unit), and hydro (all at Tenants’ cost).
Each unit has an in-suite laundry hook-up (located in a closed space); Landlord does not provide appliances (Tenant-owned). The intercom lines run to apartments directly (not via phone lines). The main water line to the building was replaced in 2015. Panels are breakers. The roof was redone in 2014. A Phase 1 environmental report is available from 2014.
The immediate location has seen strong population growth of 3.6% from 2013-2018, and has a projected growth of 2.0% from 2018-2023. This area of Rosemont has a median age of 39.4 and household average income of $57,925 (Tetrad | 1 Km radius).

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