*** ADVANTAGEOUS CMHC MLI SELECT 100-POINT FINANCING TO BE ASSUMED. *** Extensively renovated 36-unit rental property ideally located in Côte-des-Neiges, only 750 m from Snowdon metro station. More than $3,000,000 has been invested since 2021, and 34 of the 36 units have been fully renovated. Strategically located with quick access to the area’s leading educational institutions and hospitals. Outstanding turnkey investment opportunity.
LOCATION
Close to:
Parks: Mount Royal Park, Macdonald Park,
Shops & services: Monkland Village, Queen Mary Road, Royalmount
Transit: Snowdon metro (~750 m), Villa-Maria metro
Hospital: MUHC, Sainte-Justine, Jewish General, St-Mary’s
Schools: Université de Montréal, HEC, Polytechnique, Collège Brébeuf, Marianopolis
BUILDING
Residential: 3 x 1½, 16 x 3½, 4 x 4½, 13 x 5½ | Total: 36 units
Heating: Heat pumps and electric baseboards paid by tenants
Hot water: Central high-efficiency natural gas system paid by owner
Renovations: 34 of the 36 units have been fully renovated
Major work completed in 2021-2022: electrical, plumbing, TPO roof, masonry and balconies
Garage: 13 interior spaces, including 2 tandem spaces
Storage: 20 basement lockers two storage spaces of 350 sq.ft each offering additional income potential
ADVANTAGEOUS FINANCING TO BE ASSUMED
Desjardins - CMHC MLI Select 100 points (energy efficiency)
Balance: $9,862,896 | Rate: 4.02% | Amortization: 47 years | Maturity: February 2028
HIGHLIGHTS
More than $3,000,000 invested in renovations since 2021.
34 of the 36 units have been fully renovated.
Electric heating paid by tenants.
Attractive in-place CMHC MLI Select financing.
Potential to requalify the property for new CMHC MLI Select financing in the future.