Overview

Built in the mid 1970’s, these four (4) adjacent buildings comprise of 116 units with an ideal large unit mix of majority 4 1/2 followed by 3 1/2. Two (2) lots are included
with this sale*, hence an opportunity to build more units long-term (buyer to satisfy itself with feasibility of any proposed projects). Please inquire for sizing/details.

Recent renovations to many of the suite - 26 bathrooms and 24 kitchens completed as of April 2021. Roof changed in 2019 (260 and 270 Rue Louise); hot water tank replaced in 2019 (240 and 270 Rue Louise).

Ample parking: 116 exterior stalls, which can be repositioned and turned into a revenue source (currently included in the rent).

Great opportunity for rental upside (over 20% rental upside based on Baron Realty Rental Survey); “market control” offered by the fact that there are very few competing rental units in the area.

Saint Eustache, Montreal, a key city in the RCM of Deux-Montagnes known for its historical and cultural heritage has an interesting mixture of town and country living. Short walk to various transit options as well as a short drive to Gare Deux-Montagnes. Furthermore, it has a strong household average income of $78.851. Market leading rents are being achieved in this sub market, with low prevailing vacancy.

*Cadastre 1700089 and 1699765
**See Offer Process Page For Tour Details & Offer Submission**

  • Units

    116 Residential Units

  • Floors

    3 + Basement

  • Parking

    116 exterior spots

  • NOI

    $669,080

  • Gross Revenue

    $1,038,360

  • Heating

    Hydro, paid by tenants

  • Hot Water

    Hydro, paid by landlord

  • Land

    9,738.3 m²

  • Offer Price

    $17,300,000

Location

240-270 Rue Louise

* Click for larger view

Gallery