$10,700,000

18-plex for sale - Mascouche (Ville)

$10,700,000

Loading property...

$10,700,000

18-plex for sale - Mascouche (Ville)

$10,700,000

Next Open House

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

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.

  • 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 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

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 , 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
Powered by LocalLogic
+Show more stats -Hide stats
ALBERT SAYEGH
Certified real estate broker

MORTGAGE PAYMENTS CALCULATOR

Financial details

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

My name is ALBERT SAYEGH, RE/MAX real estate broker. How may I help you?

Do you have a question?