Exceptional Real Estate Investment Opportunity. Annual Income ± $628,200 - Gross Revenue Multiplier 16.15 - Cap Rate 4.70% - Balance of Sale Available to Buyer, should it be needed. This luxury property built in 2019-2020, is located in the heart of Mascouche, a vibrant and fast-growing municipality just 25-30 minutes from Laval. 18 Units: 12 spacious 5 ½ units measuring 1,490 sq ft, and 6 stunning penthouses over two floors measuring 2,100 sq ft with a gorgeous ± 400 sq ft terrace. A high-yield real estate investment that combines performance, quality, and elegance. See photos and video. Who's the lucky one?
139' X 243'6" Irregular
2019
Attached , Heated
WELCOME TAX EXEMPTION
The seller could offer the buyer the possibility of purchasing the company (100% of the shares) that owns the building, to be exempt from the Welcome Tax of +/-308,000$. Note that the company holds only this building as an asset, and the financial statements are prepared by a CPA firm. All subject to accounting review and legal memorandum.
- DETAILS OF THE 2 MORTGAGES TO BE ASSUMED BY THE PURCHASER ARE AVAILABLE UPON REQUEST.
PROPERTY DESCRIPTION
. This is an 18-unit air-conditioned building, 2 of which are commercial spaces, a 30-car indoor garage and 3 freight elevators serving the 1st, 2nd and 3rd floor.
. The 2 commercial spaces are a hair salon on the first floor and a beauty salon upstairs. GST/QST will apply on these commercial units.
. 12 X 5 ½ and 6 Penthouses on 2 floors of 2 bedrooms
. The 5 ½ measure 1,490 sq. ft. and the 6 Penthouses on 2 floors 2,100 sq. ft.
. Floors are concrete for superior soundproofing
. The Penthouses have a very large family room on the 2nd level and a 400 SF terrace
. Laundry room in all apartments
. Large walk-ins in all main bedrooms
. Kitchen with quartz countertops and center island
. 22 storage spaces
. 2 EV charging stations
. 11 surveillance cameras installed throughout, garage included
. Intercom with color camera
OTHER
. Dogs allowed on request only. Cats yes.
. Website included in sale price - see website: squaremasson.com
. Non-smoking building
. Bar-B-Q allowed
139' X 243'6" 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
Central vacuum cleaner system installation , Central air conditioning , Air exchange system , Intercom , Alarm system
Municipality
Municipality
15 appliances and all hot water heaters, all sold as is without legal warranty of quality.
Not specified
My name is ALBERT SAYEGH, RE/MAX real estate broker. How may I help you?
Do you have a question?
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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