$5,500,000
ULS: 11783783
16+-Plex
for sale
9964 Av. Papineau, Montréal (Ahuntsic-Cartierville) (Ahuntsic Central)
Building with **nine indoor garages** and strong potential for income optimization. Down payment requirements will vary depending on the financing obtained, whether an **SCHL-insured mortgage or conventional financing**. Information provided for reference only; existing mortgages are not covered by any APH program. Visits are permitted only following acceptance of a promise to purchase and upon presentation of proof of funds. Heating and gas expenses are based on estimates from the previous year.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Living area
14,536 ft²
Property features
1
Bedroom
1
Bathroom
JONATHAN EID
Residential Real Estate Broker
ALEX HADDOU, B.A.A.
Real Estate Broker
Addendum
**EXCELLENT INVESTMENT OPPORTUNITY -- MULTI-RESIDENTIAL PROPERTY**
Located in **Ahuntsic**, this building features **25 residential units** as well as **9 garages** and is located only **5 minutes from Sauvé Metro Station**.
The property currently generates **annual revenue of $309,960**, with a **100% occupancy rate**, meaning no vacancies, demonstrating strong rental demand and stable income.
**Additional income potential:** one locker is currently available and could generate approximately **$400/month, or $4,800 annually**, subject to rental.
**Tenants are responsible for their electricity costs**, with the exception of **Unit 100 located in the basement**, for which electricity is paid by the owner.
The property has benefited from several recent improvements. The **central gas water heater**, which services the entire building, was replaced in **2024**, while a **new furnace was installed in 2025**, helping to limit major short-term expenses.
The **electrical panels are all equipped with circuit breakers**, and several units have also undergone renovations.
There is currently no contract in place with **Coinamatic** for the washers and dryers, providing an additional opportunity to optimize revenue.
**Property Highlights:**
25 residential units
9 garages
Annual revenue of **$309,960**
**100% occupancy rate**
Approximately 5 minutes from Sauvé Metro Station
**Electricity paid by tenants**, except for basement Unit 100
Available locker: potential income of approximately **$400/month**, or **$4,800/year**
New furnace -- **2025**
Central gas water heater replaced -- **2024**
Electrical panels equipped with circuit breakers
Several renovated units
No current Coinamatic contract
**Potential for further rental income optimization**
An excellent opportunity to acquire a well-established multi-residential property offering a **desirable combination of stable income, full occupancy, 9 garages, electricity costs largely assumed by tenants, recent improvements, and additional income potential**.
Located in **Ahuntsic**, this building features **25 residential units** as well as **9 garages** and is located only **5 minutes from Sauvé Metro Station**.
The property currently generates **annual revenue of $309,960**, with a **100% occupancy rate**, meaning no vacancies, demonstrating strong rental demand and stable income.
**Additional income potential:** one locker is currently available and could generate approximately **$400/month, or $4,800 annually**, subject to rental.
**Tenants are responsible for their electricity costs**, with the exception of **Unit 100 located in the basement**, for which electricity is paid by the owner.
The property has benefited from several recent improvements. The **central gas water heater**, which services the entire building, was replaced in **2024**, while a **new furnace was installed in 2025**, helping to limit major short-term expenses.
The **electrical panels are all equipped with circuit breakers**, and several units have also undergone renovations.
There is currently no contract in place with **Coinamatic** for the washers and dryers, providing an additional opportunity to optimize revenue.
**Property Highlights:**
25 residential units
9 garages
Annual revenue of **$309,960**
**100% occupancy rate**
Approximately 5 minutes from Sauvé Metro Station
**Electricity paid by tenants**, except for basement Unit 100
Available locker: potential income of approximately **$400/month**, or **$4,800/year**
New furnace -- **2025**
Central gas water heater replaced -- **2024**
Electrical panels equipped with circuit breakers
Several renovated units
No current Coinamatic contract
**Potential for further rental income optimization**
An excellent opportunity to acquire a well-established multi-residential property offering a **desirable combination of stable income, full occupancy, 9 garages, electricity costs largely assumed by tenants, recent improvements, and additional income potential**.
Building details and property interior
Dimensions
90' X 55' irr.
Year constructed
1973
Living area
14,536 ft²
Siding
Brick
Roofing
Asphalt and gravel
Garage
Heated, Built-in
Lot and exterior features
Lot area
7,707 ft²
Driveway
Asphalt
Parking (total)
Garage (9)
Proximity
Daycare centre, Park, Bicycle path, Elementary school, High school, Public transportation, Highway
Characteristics
Heating System
Forced air
Heating Energy
Natural gas
Water Supply
Municipality
Sewage System
Municipality
Environmental Study
Phase 1 (2019, 09)
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 787,800
- Building assessment
- $ 3,345,700
- Total
- $ 4,133,500
Taxes
- Municipal (2026)
- $ 23,411
- School (2026)
- $ 2,842
- Total
- $ 26,253
Annual expenses
- Insurance
- $ 8,455
- Snow removal
- $ 919
- Total
- $ 9,374
Energy expenses
- Electricity
- $ 1,752
- Gas
- $ 21,816
- Total
- $ 23,568
Gross annual revenues (potential)
- Residential
- $ 290,040
- Parking
- $ 18,120
- Other
- $ 1,812
- Total
- $ 309,972
Inclusions and exclusions
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.