Description

Ideally located near McGill University's Glen Site and just minutes from Westmount, the property benefits from a high occupancy rate, a diverse tenant base, and strong long-term rental demand. Its strategic location provides quick access to downtown Montréal, Highways 15, 10 and 20, as well as Sherbrooke Street, one of the city's main thoroughfares, making this a true AAA rental location with exceptional accessibility. The property is also within walking distance of Vendôme Metro Station (Orange Line) and Vendôme commuter train station, offering convenient public transit access throughout the Greater Montréal area.

***PRESTIGIOUS NDG PROPERTY -- A RARE OPPORTUNITY!** Located in the heart of the highly sought-after Notre-Dame-de-Grâce neighbourhood, just steps from all essential services and adjacent to Westmount, this property is situated in one of Montréal's most desirable areas--where investment opportunities rarely come to market. ***Chez Fred Bakery**, established on-site since 2012 and operating under a **net-net lease**. Chez Fred is a highly regarded French bakery and pastry shop with outstanding Google reviews, attracting customers from across the Greater Montréal area. KEY PROPERTY HIGHLIGHTS 28 spacious residential apartment units Strong and established commercial tenant Chez Fred Bakery, operating successfully on-site since 2012 Long-term commercial lease in place through 2031 Prime location adjacent to Westmount Significant recent capital expenditures and major building upgrades. AN EXCEPTIONAL COMMERCIAL TENANT -- CHEZ FRED BAKERY Occupying the premises since 2012, Chez Fred Bakery is a well-established and highly regarded French bakery and pastry shop operating under a NET NET lease. Renowned for the quality of its products and its outstanding Google reviews, Chez Fred attracts a loyal customer base from across the Greater Montréal area. Its long-standing presence econtributes to the property's financial stability while enhancing the building's visibility and reputation within the neighbourhood. IMPECCABLY MAINTAINED BUILDING -- SIGNIFICANT CAPITAL IMPROVEMENTS The property has benefited from substantial capital improvements over the years, ensuring its long-term durability and providing an enhanced living experience for tenants. Key improvements include: 15 of the 28 residential units fully renovated New fire alarm panel installed in 2022 Complete window replacement completed in 2020 Roof replaced in 2011 In 2011, the owner installed individual 100-amp electrical panels and separate hot water tanks for each unit as part of the conversion to electric baseboard heating and individual domestic hot water systems. These significant investments have helped maintain the property in excellent condition while supporting long-term value preservation. Furthermore, the extensive upgrades may facilitate access to attractive financing options for future purchasers.

STRONG RENTAL PERFORMANCE Current rental income is stable and well-established, providing attractive financing opportunities for a prospective purchaser. Rental rates have not yet been fully optimized, offering meaningful upside potential through future rent growth. The property presents a compelling opportunity for value enhancement while maintaining a strong and reliable income stream capable of supporting favorable financing terms. EMPLACEMENT IMBATTABLE À distance de marche de :La station de métro Vendôme Le site Glen de l'Université McGill.

Note: The operating expenses presented in this offering reflect the only operating expenses with supporting invoices.