Overview

Westmount-adjacent, across from the MUHC-Glen site, one of the worlds most sought-after academic health facilities, 4-minute walk to Vendome Metro (no need for cars). Pre-COVID, ownership had long waiting list of resident doctors and medical staff as tenants, and even during current times the occupancy is almost 100% (please inquire for full details).

Built in 1920 and owned/managed by the same family since 2011, this is a pristine asset that shows the pride of ownership. Attention to every detail of renovation and maintenance renders this asset a prized possession for any discerning purchaser : steel frame construction, riveted beams and columns, concrete deck over 14 inches thick, 34 of 39 apartments beautifully renovated, fire alarm panel and annunciators (Piezos) to most up-to-date code, emergency/corridor lights, elastomeric roof, gas boiler, laundry room, intercom, WIFI, electric baseboard heaters, French Drain and sump pump, elevator cables and modules (*).

Tremendous 26% rental upside over the next 5 years (Rental Survey). Extremely low median age for renter demographic (37.4) makes this asset ideal for achieving the required turnover for maximizing future rents. Potential to add roof units with applicable setbacks (*).

The borough of Côte-des-Neiges/Notre-Dame-de-Grâce has extremely high population density and exceptionally low vacancy. Easy access to public transit and major routes, near numerous restaurants, shops, grocery stores, schools and parks. Quick access to all 4 Montreal universities as well as the teaching hospitals. High Walk Score of 78 with a tremendous bike score of 97. This area of Montreal has seen phenomenal population growth of 6.0% from 2015-2020, and a projected growth of 5.8% from 2020-2025 and an extremely high average household income of $107,860.

(*) information given to listing agency. Buyer must verify during due diligence period.

  • Units

    39 Residential Units

  • Floors

    3 + basement

  • NOI

    $297,045

  • Goss Revenue

    $431,085

  • Heating

    Electric

  • Hot Water

    Gas

  • Land

    496.8 m²

  • Asking Price

    $8,500,000

Comparables

Location

2104 Avenue Prud’homme, Montréal, QC H4A 3H2

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Gallery