Avison Young Commercial Real Estate Services L.P. (the “Advisor” or “Avison Young”) is pleased to offer for sale a 100% freehold interest in 3860 Martial and 6269 Maurice-Duplessis, two well-maintained multifamily assets totaling 40 multi-residential units and 1,743 square feet of mixed-used office and retail space, located in the well-established neighborhood of Montréal Nord (the “Properties”).
The Properties offer strong value-add potential, with current average rents of just $1,032 per unit at 6269 Maurice-Duplessis and $919 at 3860 Martial, well-below market average for the area. 3860 Martial and 6269 Maurice-Duplessis have both been very well-maintained and benefited from significant CAPEX throughout the years.
Offered individually or as a portfolio, 3860 Martial and 6269 Maurice-Duplessis provide investors with the opportunity to acquire strong income producing properties, with a stable historical occupancy, very minimal deferred maintenance, and important upside potential in a growing submarket.