|Heating:||Electric (tenant paid)|
|Hot water:||Electric (tenant paid)|
|Land:||2,949.20 m² (31,744.92 ft²)|
Exceptional asset in Saint-Laurent offering an ideal unit mix of 32 units of 5.5, and 4 units of 4.5. Highly accessible location. 10 minute walk to Du College Metro Station. A walk to CEGEP de Saint-Laurent, and Vanier College. Bus numbers 124 and 128 stop in front of the building, with direct access to Du College, Cote Vertu, Plamondon, Cote Sainte Catherine, Vendome Metros (the Super Hospital Glen site). Excellent loan in place: rate of 2.22%, 30 year amortization expiring in 04/2020 (details on p.5).
Four exterior parking stalls are available. Three are provided to tenants, one is currently used by the owner. Renting these separately offers an additional income source. 90% of units have a hookup for in-suite laundry and dryer, attracting a more affluent tenant base. Suites have numerous large windows (extremely bright) as all are corner units which receive exceptional sunlight exposure. 67% of the units have the bathrooms renovated in the last three years. The rest offer additional upside in rents (such suites are renting for $57 more per month on average, for 5.5’s). There is additional upside potential in updating kitchens, which are dated but in proper and clean condition.
Key improvements have been completed in recent years. 28 of 36 hot water tanks have been replaced (40 gallons). All roofs were replaced in 2013 (receipt & warranty available). All units have 100 amp electric breakers. The vinyl façade of 160 Carre Benoit was changed. Four entrance doors were changed. Flooring is hardwood on floors two and three, the ground floor units are ceramic flooring for all except for one unit which is floating/vinyl flooring. Ceramic flooring in baths and kitchens.
This building offers clear rental upside upon unit turnover. Currently, the average unit rent is just $813 / month indicating potentially over 17% gross rental upside. This area of Saint-Laurent has seen steady population growth, estimated at 3.0% from 2013-2018 and has forecast growth of 2.7% from 2018-2023. The median age is 43.7 years old. Exceptional household average income of $114,182. (Source Tetrad, 1 Km radius)
3 BUILDING PORTFOLIO. 3170 AVE. BARCLAY CAN BE SOLD SEPARATELY, ASKING $899,000.
Ideally located in Côte-Des-Neiges—Notre-Dame-De-Grâce this asset offers substantial rental upside with in-place rents being well below market. The same owners have owned this property since 1998. Wood and Brick building built in 1950 with key upgrades completed in recent years. Across from the rehabilitation centre called Intégrale Universitaire de Santé et des Services Sociales (CIUSSS) and a walk to University of Montreal, HEC Montreal, and numerous parks. A short walk to CHU Sainte Justine Hospital, Jewish General Hospital, Metro Plamondon, Plaza Cote Des Neiges. Exceptional Walkscore of 87 (Source Walkscore.com). A walk to everything.
Key improvements have been completed in recent years, including replacing the underground main sewer pipe, and replacement of the window lintels on the back and sides of the building. Almost the entire building has copper piping. Roofs are approximately 15 years old (no receipts available). Eight units have been upgraded by the current owner, who has also replaced the windows and patio doors. Balconies have been updated. The building has four indoor parking stalls which offer revenue potential (currently used by the owner). This building offers clear rental upside upon unit turnover. Currently, the average unit rent is just $551 / month, indicating potentially over 41%gross rental upside. The current average rents based on unit size are: $522 for the 3.5’s and $573 for the 4.5’s.
This area of Côte-Des-Neiges seen steady population growth, estimated at 0.5% from 2013-2018 and has forecast growth of 2.0% from 2018-2023. The median age is just 34.9 years old. Strong household average income of$77,515. (Source Tetrad, 1 Km radius).
|Heating:||Gas (owner paid)|
|Hot water:||Gas (owner paid)|
|Land:||371.60 m² (3,999.87 ft²)|
|Parking:||4 indoor, 1 outdoor|
Stunning large corner building. Character building built in 1931 with numerous original features (stained glass, wood trim) and spacious suites. Ideally located in Ville-Marie just 2 blocks East of Parc La Fontaine, at the Intersection of the borough of Plateau Mont Royal (South of Sherbrooke East is Ville-Marie, North is Plateau Mont-Royal). Near Hospital Notre-Dame, countless restaurants, amenities, bus stops, and numerous schools. A walk to Papineau Metro Station. A short bus ride to the City Centre. Exceptional Walkscore of 93 (Source Walkscore.com). A walk to everything.
Units in this building are large and spacious, well updated, and retain much of their character. This building offers not only excellent current rents, but clear rental upside upon unit turnover. Currently, the average in place unit rent is $1,408 / month, indicating potentially over 25% gross rental upside. The current average rents based on unit size are: $597 for the 1.5, $1,448 for the 4.5, $1,110 for the 5.5, and $2,330 for the 7.5. Additionally, the hydro bill for unit 1950C is currently paid by the Landlord, which can be moved to the tenant upon turnover.
This part of the city has seen steady population growth, estimated at 3.4% from 2013-2018 and has forecast growth of 2.2% from 2018-2023. The median age is just 35.4 years old. Strong household average income of$62,636 for 2018 estimated, indicating a great base of renters. 48% of the population is between ages 20 and 39 (Source Tetrad, 1 Km radius). Demographics in this area support a renter profile willing to pay top rents for unique apartments.
|Heating:||Gas (owner paid)|
|Hot water:||Gas (owner paid)|
|Land:||1,1881.30 m² (20,250.15 ft²)|
Established and 100% tenanted multi-family building in an up and coming area of Dorval. Just South of Autoroute du Souvenir (HWY-20), a few minutes drive from Pierre-Elliott-Trudeau Airport, near the central Gare Lachine Train Station hub and University of Concordia. Just a 20-minute drive to Downtown Montreal. Walking-distance luxury condo projects are gentrifying this area.
The building offers tremendous upside in rents, with most units rented well below market. Average in place unit rents are only $579 / month, indicating strong upside potential. The average rents in place are: $478 for the 1.5, $611 for the 3.5, and $721 for the 4.5 units (heat & hot water paid by landlord with few exceptions). Our estimate shows rental upside potential of 14% over existing income. The building has an oversized, 40 stall indoor parking garage, which serves as an excellent additional revenue source.
Recent updates / renovations: high efficiency gas furnace system and high efficiency water tanks. Electricity break panels installed in each unit. UPVC windows. Balcony doors, fiberglass balcony floors. Most water shut off valves replaced. New Pex lines installed in 3 apartments. Counter tops replaced in approximately 30 apartments. Newer fridges and stoves in every unit. New washer and dryer in laundry room (coin operated). Elevator is fully functional but shut-off by current owner (nearby buildings do not offer an elevator).
This part of the city has seen steady population growth, estimated at 5.2% from 2012-2017 and has forecast growth of 4.3% from 2017-2022. The median population age is 43.6 years old. Strong household average income of $83,705 for 2017 (Source Tetrad, 3 Km radius).
|Hot water:||Tenant paid|
|Land:||10,403.9 m² (111,986 ft²)|
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Incredible investment opportunity for well established, mixed-use service centre between Montreal and Ottawa. Fully leased with triple net, long-term leases to franchisee’s of Pizza Hut, Burger King (with drive-thru), and Subway, along with the Hudson Inn Auberge (14 rooms) and Eggcellent restaurant. The Property is located at 100 RTE 201, Rigaud, QC (the “Property”) with highway visibility from both directions. Please contact us for more details.