$21,000,000
ULS: 24660361
16+-Plex
for sale
1150 Rue Marie-Anne E., Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal)
Rare on the market, in the heart of the Plateau, this fully renovated multi-residential building (2021) represents a strategic investment opportunity in one of the most sought-after areas of the Plateau, ideally located between Parc LaFontaine & Mont-Royal Avenue. Comprising 64 units, including 48 2 1/2 & 16 3 1/2. Complete renovations carried out with durable materials & optimized for performance, this asset stands out for its strong income potential & long-term value. An exceptional opportunity for investors seeking a stable, high-performing & highly profitable building in a high-demand area.
Living area
40,800 ft²
ALEXANDER NASRA
Residential Real Estate Broker
Addendum
Note: All units are rented. The indicated potential gross annual income includes rent increase notices.
All mechanical, ventilation, electrical, walls, fire systems, windows, doors, bathrooms, kitchens, appliances, plumbing and roof is brand new, executed with a general contractor. Also, work was completed in2022. Brand New Building, fully stabilized with possibilities to increase rent and lower OPEX.
A turnkey asset, carefully optimized, offering a rare combination of location, construction quality, and income potential, ideal for investors seeking a distinctive and high-performing property. Effective gross annual income of $86,380.
Fully renovated from top to bottom in 2021, this exceptional building combines modernity, durability, and performance. Located in the heart of the Plateau, it stands out with its welcoming entrance hall, landings finished with ceramic on both floors and walls for enhanced durability, as well as the presence of an elevator and underground garages--rare features in the area.
The building comprises 64 apartments spread over 5 floors:
48 units of type 2 1/2, offered in two configurations, with a Murphy bed and television included, a kitchen with a two-seat island equipped with appliances, and a bathroom with a bathtub-shower.
16 units of type 3 1/2, also offered in two models, including a vestibule with closet, a closed bedroom with storage, a kitchen with a three-seat island and appliances, as well as a full bathroom.
Each unit features modern finishes and practical amenities, including storage space in the basement and access to a laundry room. All appliances are included. Ceilings over 8 feet enhance the sense of space and brightness.
Current occupancy:
2 1/2: 48 units rented
3 1/2: 16 units rented
*****
The living area has been calculated based on the measurements shown in the location certificate and may include the garage.
All mechanical, ventilation, electrical, walls, fire systems, windows, doors, bathrooms, kitchens, appliances, plumbing and roof is brand new, executed with a general contractor. Also, work was completed in2022. Brand New Building, fully stabilized with possibilities to increase rent and lower OPEX.
A turnkey asset, carefully optimized, offering a rare combination of location, construction quality, and income potential, ideal for investors seeking a distinctive and high-performing property. Effective gross annual income of $86,380.
Fully renovated from top to bottom in 2021, this exceptional building combines modernity, durability, and performance. Located in the heart of the Plateau, it stands out with its welcoming entrance hall, landings finished with ceramic on both floors and walls for enhanced durability, as well as the presence of an elevator and underground garages--rare features in the area.
The building comprises 64 apartments spread over 5 floors:
48 units of type 2 1/2, offered in two configurations, with a Murphy bed and television included, a kitchen with a two-seat island equipped with appliances, and a bathroom with a bathtub-shower.
16 units of type 3 1/2, also offered in two models, including a vestibule with closet, a closed bedroom with storage, a kitchen with a three-seat island and appliances, as well as a full bathroom.
Each unit features modern finishes and practical amenities, including storage space in the basement and access to a laundry room. All appliances are included. Ceilings over 8 feet enhance the sense of space and brightness.
Current occupancy:
2 1/2: 48 units rented
3 1/2: 16 units rented
*****
The living area has been calculated based on the measurements shown in the location certificate and may include the garage.
Building details and property interior
Dimensions
80' X 102'
Year constructed
1966
Living area
40,800 ft²
Basement
6 feet and more, Finished basement
Lot and exterior features
Lot size
55' X 61'
Lot area
7,869 ft²
Distinctive Features
Street corner
Proximity
Daycare centre, Metro, Park, Bicycle path, Elementary school, High school, Public transportation
Characteristics
Heating System
Electric baseboard units
Property or unit amenity
Wall-mounted air conditioning, Intercom
Water Supply
Municipality
Sewage System
Municipality
Environmental Study
Phase 1 (2022, 06)
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 2,193,300
- Building assessment
- $ 7,664,100
- Total
- $ 9,857,400
Taxes
- Municipal (2026)
- $ 60,292
- School (2026)
- $ 7,295
- Total
- $ 67,587
Annual expenses
- Management/Administration
- $ 43,514
- Elevator(s)
- $ 8,179
- Insurance
- $ 41,947
- Other
- $ 21,730
- Superintendent
- $ 6,347
- Maintenance
- $ 39,040
- Total
- $ 160,757
Energy expenses
- Electricity
- $ 5,005
- Gas
- $ 14,151
- Total
- $ 19,156
Gross annual revenues (potential)
- Residential
- $ 1,060,320
- Parking
- $ 21,000
- Other
- $ 9,900
- Total
- $ 1,091,220
Inclusions and exclusions
Inclusions
As per the leases.
Exclusions
As per the leases.
Mortgage payment calculator
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This document is not an offer or a promise that may bind the seller, but is an invitation to submit such offers or promises.