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$6,375,000

25 apartments for sale - Côte-des-Neiges

$6,375,000

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$6,375,000

25 apartments for sale - Côte-des-Neiges

$6,375,000

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5755 - 5785 Av. de Darlington, Côte-des-Neiges, H3S 2H6

25-apart.building located in the most sought after area of Montreal, just steps from Ste-Justine Hospital, HEC Montreal, University of Montreal, at the corner of Cote-Ste-Catherine. 24 X 4 1/2 - 1 X 3 ½ - 12 indoor and 16 outdoor parking spaces. Gas heating paid by the owner. Huge upside opportunity for a real estate developer. Outremont adjacent.

  • Lot area: 19,483 SF
  • NUMBER OF ROOMS : 0
  • Year built : 1942
ALBERT SAYEGH
Certified real estate broker
Building details and property interior
Particularities plusParticularities minus

10' X 10' Irregular

1942

Attached , Heated

Addenda
Particularities plusParticularities minus

- Considering that current rents are at least 40% lower than other renovated 4 1/2s rented in the same area at $1,600 and more per month, this building presents a unique opportunity to the real estate developer who wishes to renovate and greatly optimise the value of his/her asset.

- 4 buildings built in 1942 in one of the most sought-after residential areas of Montreal (adjacent to Outremont). Just steps away from Ste-Justine Hospital, HEC Montreal and University of Montreal.

- 100 meters from Cote-Ste-Catherine, Outremont adjacent.
- 25 spacious apartments: 24 X 4 1/2 - 1 X 3 1/2.
- 25 lockers.
- 28 parking spaces - 12 indoor, 16 outdoor.
- Natural gas central heating paid for by the owner.
- New high-efficiency gas furnaces installed in 2020.
- Doors and windows changed between 2010 and 2013.
- Roofing resurfaced in 2011 and 2013.
- Public transportation at the door.

Here are the details of the mortgage in place that must be taken over by the buyer:

. Lender = First National Financial
. Original amount = $3,232,500
. Term = 5 years, closed
. Interest rate = 2.75%
. Amortisation = 35 years
. Monthly payment (C + I) = $11,967
. 1st Payment Date = January 2020
. Last Payment Date = December 2024

Building details and property interior
Particularities plusParticularities minus

10' X 10' Irregular

1942

Attached , Heated

Lot and exterior features
Particularities plusParticularities minus

19,482.68 SF

gravel

Driveway : 16 , Garage : 12

Hospitals , Highway , CEGEP , Daycare centre , Hospital , Metro , Park , Bicycle path , Elementary school , High school , Public transportation , University

Residential

Characteristics
Particularities plusParticularities minus

Hot water

Natural gas

Municipality

Municipality

Included & Excluded
Particularities plusParticularities minus

2 washers, 2 dryers and 1 snow plower. These items are sold "as is when is" without any legal warranty .

Not specified

Financial details
Particularities plusParticularities minus
Assessment (2021)
Taxes
  • (2021)
  • (2021)
Gross yearly revenu (potential)
Annual Expenses
Energy
5755 - 5785 Av. de Darlington, Côte-des-Neiges, H3S 2H6
NEIGHBOURHOOD STATISTICS
  • Statistics Person living alone
  • Statistics Families with children
  • Statistics Families with no children
  • 6.5%
  • 15.7%
  • 2.3%
  • 11.2%
  • 61.5%
  • 0.3%
  • 0.3%
  • 9.6%
  • 70.6%
  • 19.2%
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 (2021)
Taxes
  • (2021)
  • (2021)
Gross yearly revenu (potential)
Annual Expenses
Energy
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My name is ALBERT SAYEGH, RE/MAX real estate broker. How may I help you?

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