$10,150,000
ULS: 21483923
16+-Plex
for sale
663 - 667 Mtée Masson, Mascouche (City)
Prestigious Property in Mascouche -- A Rare Opportunity to Seize - Annual Revenue ±$629,500 - CAP Rate: 4.50% · Down Payment: ± 21%. Two exceptionally favorable mortgages to be assumed by the buyer: 1st Mortgage: Rate of 2.08%, maturing March 2031 - 2nd Mortgage: Rate of 2.82%, maturing December 2031. Stunning building located in the heart of Mascouche, one of the fastest-growing cities in Quebec, adjacent to Terrebonne and Repentigny. This luxurious property is always fully occupied, attracts financially affluent tenants, and delivers exceptional returns. Financial data available upon request- ****** See photos and video ******
Sale with exclusion(s) of legal warranty - See listing broker(s)
Addendum
REQUIRED CASH DOWN ESTIMATED TO BE $2.1 MILLION (details to be reviewed and confirmed by the mortgage broker).
DETAILS OF THE 2 MORTGAGES TO BE ASSUMED BY THE PURCHASER ARE AVAILABLE UPON REQUEST.
PROPERTY DESCRIPTION
- This is an 18-unit central air-conditioned building, 2 of which are commercial spaces (a hair salon and an esthetic salon) with a 30-car indoor garage and 3 elevators, chic freight elevator type
- 12 X 5 ½ and 6 Penthouses on 2 floors
- The 5 ½s 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 large family room on the 2nd level and a stunning 400 sq. ft. terrace
- Separate laundry room in each unit
- 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
HERE ARE THE KEY TAKEAWAYS ABOUT THIS INVESTMENT PROPERTY:
- The property is a luxurious building located on Mascouche's main street, offering outstanding visibility.
- Building has always been fully occupied since its construction and is leased to high-end, affluent tenants
- Current annual rental income is +/- $629,500
- Free cash flow could be +/- $225,000 per annum, depending on the chosen financing option
- Buyer must take over the 2 existing mortgages, which have exceptional interest rates for the next 6 years
- The first mortgage is at 2.08% maturing in March 2031, and the second is at 2.82% maturing in December 2031
- The property is managed by a highly qualified property manager, handling everything from service calls and tenant relations to apartment leasing, credit checks, and lease drafting
- The property has its own website - visit: squaremasson.com
Building details and property interior
Dimensions
139' 1" X 243' 6" irr.
Year constructed
2019
Garage
Attached, Heated
Washer/Dryer (installation)
at each unit
Bathroom
Separate shower
Lot and exterior features
Lot area
2,891.30 m²
Parking (total)
Garage (30)
Proximity
Hospital, Park, Highway, Elementary school, High school, Bicycle path
Characteristics
Heating System
Forced air
Heating Energy
Natural gas
Property or unit amenity
Central air conditioning, Air exchange system, Central vacuum cleaner system installation, Intercom, Alarm system
Water Supply
Municipality
Sewage System
Municipality
Environmental Study
Phase 1 (2020, 04)
Financial details
Municipal assessment (2025)
- Lot assessment
- $ 1,240,400
- Building assessment
- $ 5,389,600
- Total
- $ 6,630,000
Taxes
- Municipal (2025)
- $ 74,262
- School (2025)
- $ 4,631
- Total
- $ 78,893
Annual expenses
- Management/Administration
- $ 14,900
- Elevator(s)
- $ 450
- Insurance
- $ 17,415
- Other
- $ 5,400
- Superintendent
- $ 9,600
- Snow removal
- $ 9,198
- Equipment (rental)
- $ 2,700
- Lawn
- $ 4,048
- Total
- $ 63,711
Energy expenses
- Electricity
- $ 4,400
- Gas
- $ 2,152
- Total
- $ 6,552
Gross annual revenues (potential)
- Residential
- $ 543,600
- Commercial
- $ 79,596
- Parking
- $ 4,800
- Other
- $ 1,104
- Total
- $ 629,100
Inclusions and exclusions
Inclusions
15 appliances and all hot water heaters, all sold as is without legal warranty of quality.
Mortgage payment calculator
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