Overview
For additional information, please see the videos below:
English: 3955-3975 Avenue Dupuis English Video
French: 3955-3975 Avenue Dupuis French Video
Incredible opportunity, 40 units in two adjacent buildings, held and managed by the current ownership group since 2005. Phenomenal location only a block from Jewish General Hospital, mere blocks away from St. Mary’s Hospital, Cote-des-Neiges Metro Station and Cote Ste-Catherine Metro Station.
Great rental upside of 59.4% based on Baron Realty Rental Survey.
All large units, great unit mix of 12 X 3.5s, 18 X 4.5s and 10 X 5.5s. Very valuable 17 indoor parking spots. Knight Lochinvar furnaces for heat and hot water (paid for by landlord); hydro paid by tenants; existing gas meter rentals for gas stoves. Current in place average rent is only $877.
On a 1km radius, the area population growth is 3.4% from 2016-2021, with a perfect rental household income of ~$64,000/annum. Average population age is 35.1 years, optimal demographics for increasing in-place rents to market rents.
The seller is in the process of obtaining the up-to-date certificate of location as well as up to date environmental reports. The property is sold free and clear; buyer can do own financing.
Contact us for more details info@baronrealty.ca
