$10,700,000

18-plex for sale - Mascouche (Ville)

$10,700,000

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$10,700,000

18-plex for sale - Mascouche (Ville)

$10,700,000

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663 - 667 Mtée Masson, Mascouche (Ville), J7K 3G1

Extraordinary luxury building presenting 18 apartments of which 2 are commercial spaces,30-car indoor garage and 3 elevators. Located in the heart of Mascouche, this building offers chic, elegance, and lifestyle like no other. See photos and video. Almost $600,000 in annual rental income and 2 amazing mortgages to assume by the buyer. The first is at 2.08% maturing in March 2031, and the 2nd at 2.82% maturing in December 2031. A unique investment opportunity in a majestic, high-end building that is extremely well taken care, with fabulous classy tenants.

  • Lot area: 31,122 SF
  • NUMBER OF ROOMS : 0
  • Year built : 2019
ALBERT SAYEGH
Certified real estate broker
Building details and property interior
Particularities plusParticularities minus

183'3" X 74'4" Irregular

2019

Attached , Heated

Addenda
Particularities plusParticularities minus


TRANSFER DUTIES EXEMPTION
The seller offers the buyer the possibility of purchasing the company (100% of the shares) that owns the building, in order to be exempt from transfer duties 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 MORTGAGE LOANS:
LOAN 1
. Initial loan amount: 5 074 110 $
. Term : 126 months
. Interest rate: 2.080%
. Amortization period 35 years
. Date of the first payment: October 2020
. Date of the last payment: March 2031
Balance owed on LOAN 1 on May 31, 2024 = $4,697,904

LOAN 2
. Initial loan amount: 1 232 032 $
. Term : 118 months
. Interest rate: 2.820%
. Amortization period: 35 years
. Date of the fist payment: March 2022
. Date of the last payment: December 2031
Balance owed on LOAN 2 on May 31, 2024 = $1,183,902

PROPERTY DESCRIPTION
. The building comprises 18 air-conditioned apartments 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 a beauty salon on the 2nd. GST and QST will apply on these 2 commercial spaces.

. 12 X 5 ½s and 6 2-bedroom 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 is 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 remote control to enter the garage

OTHER
. Dogs prohibited by building by-laws, but permitted only on request
. Snowblower included in sale price
. Website included in sale price - see squaremasson.com
. Non-smoking building
. Bar-B-Q allowed

Building details and property interior
Particularities plusParticularities minus

183'3" X 74'4" Irregular

2019

Attached , Heated

Lot and exterior features
Particularities plusParticularities minus

31,121.69 SF

Garage : 30

Highway , Hospital , Metro , Park , Bicycle path , Elementary school , High school

Commercial , Residential

Characteristics
Particularities plusParticularities minus

Forced air

Natural gas

Municipality

Municipality

Included & Excluded
Particularities plusParticularities minus

15 appliances and 1 snow plower sold as is without legal warranty

Not specified

Financial details
Particularities plusParticularities minus
Assessment (2019)
Taxes
  • (2024)
  • (2024)
Gross yearly revenu (potential)
Annual Expenses
Energy
663 - 667 Mtée Masson, Mascouche (Ville), J7K 3G1
NEIGHBOURHOOD STATISTICS
  • Statistics Person living alone
  • Statistics Families with children
  • Statistics Families with no children
  • 13.7%
  • 28.8%
  • 20.9%
  • 19.0%
  • 17.6%
  • 40.3%
  • 9.7%
  • 3.5%
  • 46.5%
  • 0.0%
UnilingualFrenchUnilingualEnglishBilingual(fr/en)Other 0% 10% 20% 30% 40% 50% 60% 70% 80% 90%100%
  • Statistics Household
  • Statistics Individual
  • Statistics Owners
  • Statistics Renters
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ALBERT SAYEGH
Certified real estate broker

MORTGAGE PAYMENTS CALCULATOR

Financial details

Assessment (2019)
Taxes
  • (2024)
  • (2024)
Gross yearly revenu (potential)
Annual Expenses
Energy
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