Description

Building with 31 apartments (1 x 5 ½, 4 x 4 ½, 23 x 3 ½, and 3 x 1 ½), almost fully renovated. Nearly one million dollars have been invested in renovations over the past two years. Located in the Cartierville borough, the area is appreciated for its green surroundings and infrastructure, including the Sacré-Coeur Hospital and Gouin Boulevard West. The Parcours Gouin bike path offers an enriching route. This combination of natural spaces and urban areas creates a pleasant living environment for the many families of diverse backgrounds who reside there.

Addendum

The building with 31 apartments is located in the Ahuntsic-Cartierville borough, one of the most densely populated neighborhoods in Montreal. This area is distinguished by its 15 kilometers of riverbanks, parks, century-old institutions, and lush residential streets. Cartierville is a vibrant neighborhood rich in history, offering numerous amenities, quality schools, and a good transportation network, making it an ideal place for families and those seeking a diverse community.

MAINTENANCE AND REPAIRS (see the list in the documents)

* The kitchens and bathrooms of the 31 apartments, including the exterior ventilation outlets, have been renovated in recent years. * The water supply for the kitchens and bathrooms has been replaced, along with the nine main plumbing columns. Additionally, all 31 water heaters are new. * The electrical panels for the 31 units, as well as the main panel, have been changed. The electric baseboards and wall thermostats have also been replaced in each unit. * Twenty-five of the 31 apartments have been fully renovated, and 36 storage spaces have been installed for tenants. * The main entrance, hallways, staircases, and emergency exits have been renovated. The flooring and light fixtures have been replaced, and a new intercom with an electromagnetic lock has been installed. * A new laundry room, featuring two washer-dryer sets, has been created. * Internet wiring has been installed in all apartments, including outlets, equipment, and modems. * The entire garage is rented for $850 per month to a company that uses it for appliance storage.

Nearby, you will find various shops and services such as grocery stores, pharmacies, and bakeries. The community center, library, and other public facilities are also accessible in the area. Sacré-Coeur Hospital is located about 1.5 km away. The Walk Score is 87, while the Bike Score is 63. Bus lines 55, 64, 164, 170, 171, 180, 365, and 382 are all situated within 0.3 km.

Schools and Daycare Centers

Louisbourg and Sainte-Odile elementary schools are located 400 m and 1 km away, respectively. La Dauversière and Saint-Maxime secondary schools are approximately 2.4 km away, while the Cégeps of Saint-Laurent and Ahuntsic are located 4.1 km and 7.2 km away, respectively. Additionally, several early childhood centers are situated within a 1 km radius. Louisbourg Park and Mesy Park are located less than 450 meters away and offer various facilities for both children and adults.

The seller's loan will have to be taken over by the buyer: People trust CMHC 5,185,000$ - 50 years - 4.20% - Down payment 2.810M - Cap rate 4.41%

Sale without legal warranty of quality, at the buyer's risk

Description sheet

Features

Potential Gross Revenue

Assessment, Taxes and Expenses