4980 Av Clanranald - Apartments FOR SALE


Montréal, QC H3X 2S2
$12,800,000 CAD
514-683-6666
4980 Av Clanranald, Montréal, QC for Sale
$12,800,000 CAD
Apartments - FOR SALE
1/9
null | Request Cap Rate

4980 Av Clanranald
Montréal, QC H3X 2S2


HIGHLIGHTS

  • Well-located in Côte-des-Neiges, just 750 metres from Snowdon metro station.
  • Convenient access to major educational institutions and healthcare facilities.
  • Turnkey multifamily investment with significant recent upgrades
  • 34 of 36 residential units have been fully renovated

OVERVIEW

*** 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.

FOR SALE DETAILS

PRICE

$12,800,000 CAD

PRICE/SF

$404 CAD /SF

# OF UNITS

36

PRICE/UNIT

$355,556

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1955

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,521 SF

ZONING

H.6-7

APN/PARCEL ID

2087954

ASK ABOUT THIS PROPERTY

Marc-André KnotImmeubles GloriaMore Info
514-683-6666

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Marc-André KnotImmeubles GloriaMore Info
514-683-6666

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.