*** 10% DOWN PAYMENT REQUIRED. *** Recently built 16-unit rental property in the heart of Plateau-Mont-Royal, constructed in 2023 and ideally located near Frontenac metro and Shops Angus. This high-end property offers condo-quality units with a shared rooftop terrace. Strategically positioned in a high-demand rental area, it represents a turnkey investment opportunity with assumable CMHC-MLI Select financing. Ideal for an investor seeking a recent asset with long-term appreciation potential.
LOCATION
Close to:
Parks: Baldwin, La Fontaine
Shops & services: Shops Angus, Ontario Street East, Promenade Masson
Transit: Frontenac metro (~950 m)
Hospital: Notre-Dame
Schools: UQAM, McGill, Concordia
BUILDING
Residential : 3 x 1½, 5 x 3½, 7 x 4½, 1 x 5½ | Total : 16 units
Construction: 2023 with high-end finishes
Heating: Electric paid by tenants | Wall-mounted heat pumps and air exchangers in all units
Hot water: Central electric hot water paid by owner
5 appliances included in each unit
Shared rooftop terrace
Bike storage in basement
Elevator platform for wheelchair access (to the first floor)
ADVANTAGEOUS FINANCING TO BE ASSUMED
National Bank CMHC MLI Select 100 points energy efficiency : Balance: 5,420,000$ | Rate: 4.05% | Amortization: 50 years | Maturity: December 2028 (3 years remaining)
HIGHLIGHTS
Recent construction (low maintenance)
Prime central location
High-end rental product
Attractive in-place financing
Turnkey investment with strong appreciation potential