THE FIGURES SPEAK FOR THEMSELVES. CAP RATE of 4.12% based on CMHC guidelines + 2 exceptional mortgages to be assumed by the buyer. The 1st is at 2.08% maturing March 2031, and the 2nd at 2.82% maturing December 2031. High-luxury 2019 building of 18 units, 2 of which are commercial spaces (hair salon & a beauty salon), 30-car indoor garage and 3 elevators. Located in the heart of Mascouche, the building offers chic like no other in the north shore. See the video. $600,000 in annual income. Quality investment in a new, high-end building with no capital expenditures in sight. The building is always full. A superb building with a fabulous return.
183'3" X 74'4" Irregular
2019
Attached , Heated
- TRANSFER DUTIES EXEMPTION
The seller might offer the buyer the possibility of purchasing the company (100% of the shares) that owns the building, to be exempt from the Property Transfer tax of +/$311,733. Note that the company only holds this building as an asset and the financial statements are prepared by a CPA firm. All subject to an accounting and legal review of course.
SELF MANAGED BUILDING
Building has a Property Manager who looks after all service calls, repairs, rentals and day-to-day oversight
- DETAILS OF THE 2 LOANS ARE AVAILABLE ON DEMAND
- PROPERTY DESCRIPTION
. The building is comprised of 18 units of which 2 are commercial spaces, a 30-car indoor garage and 3 elevators
. The 2 commercial spaces are a hair salon on the ground floor and an esthetic salon on the 2nd. GST and QST to apply on these 2 commercial spaces.
. 12 X 5 ½s and 6 penthouses on 2 levels
. The 5 1/2s measure approx. 1,490 sq. ft. and the penthouses 2100 sq. ft.
. Concrete floors - Superior soundproofing
. The Penthouses have a huge living/family room on the 2nd level with a large terrace - watch the video
. Laundry room in all apartments
. Large walk-ins in all apartments
. Quartz kitchen counters
. 22 secure-access storage spaces (lockers)
. 2 electric vehicle charging stations
. Automatic irrigation system in the garage
. 10 cameras installed inside and outside - connected to the internet + DVR
. Intercom with camera - wired installation
. Sun protection film installed on 3 stairwells
. Fire extinguishers installed in stairwells and garage
- IMPORTANT CONSIDERATIONS
. gas fireplace installed in all apartments
. 2 gas fireplaces in all penthouses, one on each level
. Heating is gas - forced air. Water heaters are also gas-fired. Gas consumption paid by the tenants
. Water heaters belong to the building
. Heated floors in all bathrooms and powder rooms
. Smoke detectors installed in all apartments and connected to the central alarm panel
. Central alarm panel tested annually by Viking - certificate of compliance on hand
. Magnetic key to enter the building and a remote control for the garage
- OTHER DETAILS
. Dogs are prohibited, however permitted on request only
. Snowblower included in sale price
. Website included in sale price - visit squaremasson.com
. Non-smoking building
. Bar-B-Q allowed
183'3" X 74'4" Irregular
2019
Attached , Heated
31,121.69 SF
Garage : 30
Highway , Hospital , Park , Bicycle path , Elementary school , High school
Commercial , Residential
Forced air
Natural gas
Municipality
Municipality
15 appliances and 1 snow plower sold as is without legal warranty
Not specified
My name is ALBERT SAYEGH, RE/MAX real estate broker. How may I help you?
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RE/MAX DU CARTIER | 1290 rue Bernard Ouest Bureau 100, Montréal, Québec, H2V 1V9
Hello, my name is ALBERT SAYEGH, real estate broker. Contact me for more information.
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