Overview

Baron Realty - Place Decelles - Bid Date

Incredible opportunity for an asset located between the Jewish General and CHU Sainte-Justine hospitals, and a short walk to Metro Cote-Des-Neiges. 38% rental upside in rents over the next 5 years based on Baron Realty Rental Survey. Extremely low median age for renter demographic (33.9), which translates into high turnover, adding further to the rental upside. Ability to reposition the parking and turn it into a revenue source (currently included in the lease rates).

Built in 1968 and owned/managed by the same family since 2005. Rich in character, solid and reliable, in the heart of the borough with the highest population base on the island, this property features large suites with an ideal unit mix of 3 ½ and 4 ½ units. Many recent renovations done including windows, brickwork, patio doors, elevator mechanics, balconies as well as electric panels.

Côte-des-Neiges has extremely high population density, exceptionally low vacancy. Incredibly easy-access to public transit (tenants have little or no need for cars) and major routes, near numerous restaurants and groceries, parks, and schools including Brebeuf, HEC Montreal, University of Montreal; high Walk Score of 78. This area of Montreal has seen strong population growth of 3.8% from 2015-2020, and has projected growth of 4.0% from 2020-2025 with a low median age (33.9) and a phenomenal percentage of rented dwellings at 87.2%.

  • Units

    25 Residential Units

  • Floors

    4+ basement

  • Parking

    9 interior stalls

  • Gross Revenue

    $290,539

  • NOI

    $196,155

  • Heating

    Gas , paid by landlord

  • Hot Water

    Gas , paid by landlord

  • Land

    815.0 m²

  • Price

    Contact Us

Comparables

Location

6150 Chemin Deacon, Montréal, Québec, Canada

Enquiry

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