4770 Avenue Dupuis

This is a true opportunity.

4770 Avenue Dupuis has been owned and managed by the same family since 1991. The property is in excellent condition, well maintained by the ownership group throughout these incredible 33 years.

The site boasts an excellent Walkscore of 94% (Note 2). It is within walking distance of 3 metro stations, including Côte-Sainte-Catherine, Plamondon, and Snowdon. It is also just a few blocks from the Jewish General Hospital and St. Mary's Hospital—a true gem of a location.

The demographics are impressive, with an estimated population growth of 1.9% from 2022 to 2027 within a 1 km radius, a median age of 35.9 years, and an average household income of $75,478. (Note 3)

All 28 units are fully rented. The average rent currently in place is $1,006, and there is an excellent potential increase of 29.2% in the existing rents. Environmental reports from 2020 (Phase 1 and Phase 2) are available, and the seller has already ordered a new Phase 1 report.

The building has 8 indoor parking spots (3 allocated to building tenants, and 5 rented to external tenants until June 30, 2025).

All leases currently in place expire on June 30, 2025.

Building details:

The hot water furnace for the water heater was installed in 2019. The manufacturing dates of the two hot water tanks are July and August 2016.

The main electrical entry for the building is 600 amps. The hydro meters indicate that the apartments are at 60 amps (this must be verified by the buyer during the building inspection).

The roof is older but has no leaks. Brickwork was done this year on the roof chimney and brick pointing on the building.

4 of the 28 units are located in the basement, while the remaining 24 units are spread across the floors, 8 units per floor.

Borough: The borough of Cote Des Neiges, of Montreal’s 19 boroughs, is number one in population size (Note 1). On a surface area of 21.4 square kilometers, it has 166,520 inhabitants, representing 9.8% of Montreal’s population.

(1) Source: Borough of Cote Des Neiges Demographic information, May 2018 report.

(2) Source: Walkscore.com

(3) Source Tetrad, 1 Km radius

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