$298,800
Located in the heart of downtown Montreal, this 15-unit multi-residential property presents a unique opportunity to acquire a fully renovated and stabilized investment asset in one of the city's most sought-after rental markets. The property features a balanced unit mix appealing to students, young professionals, and urban tenants seeking convenience and quality living near Concordia University, the Guy-Concordia metro, and Sainte-Catherine Street.
Located in the heart of downtown Montreal, this 15-unit
multi-residential property presents a unique opportunity to
acquire a fully renovated and stabilized investment asset
in one of the city's most sought-after rental markets. The
property features a balanced unit mix appealing to
students, young professionals, and urban tenants seeking
convenience and quality living near Concordia University,
the Guy-Concordia metro, and Sainte-Catherine Street.
Key Highlights:
*Prime Downtown Location: Walkable to universities, metro,
retail, and business core
*Fully Renovated: Significant capital improvements
including interiors, common areas, and mechanicals
*Stabilized Asset: High occupancy with a solid tenant
profile
*Turnkey Investment: Immediate and reliable rental income
*CMHC MLI Select Financing: Property is subject to an
assumable CMHC-insured MLI Select mortgage offering
favorable terms (subject to lender approval)
*Operational Efficiency: Modernized building systems and
low ongoing maintenance
* The 14th unit is essentially a combination of two
apartments
An ideal acquisition for investors seeking long-term
stability, superior location, and access to CMHC's MLI
Select program benefits. Full financial documentation, rent
roll, and renovation records available upon accepted offer
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| ROOM DETAILS | |||
|---|---|---|---|
| Room | Dimensions | Level | Flooring |
| N/A | |||
| BUILDING | |
|---|---|
| Type | |
| Style | Detached |
| Dimensions | 10671x37160 M |
| Lot Size | 0 |
| EXPENSES | |
|---|---|
| Snow removal / Lawn mowing | $ 13203 / year |
| Municipal Taxes (2025) | $ 11308 / year |
| School taxes (2024) | $ 1492 / year |
| CHARACTERISTICS | |
|---|---|
| Proximity | Bicycle path, Cegep, Daycare centre, Elementary school, High school, Highway, Hospital, Park - green area, Public transport, University |
| Sewage system | Municipal sewer |
| Water supply | Municipality |
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