Rare opportunity to acquire an exceptional 40-unit asset (2x20), consisting of 21 3½ units and 19 4½ units. Meticulously maintained by the current owners, the property stands out for the numerous improvements completed over the years. It includes 4 double garages, including a unique double-width, double-depth garage with an epoxy floor. Prime location just steps from Maisonneuve-Rosemont Hospital and Santa Cabrini Hospital, Maisonneuve Park, near Assomption metro station and the future Blue Line station.

UNITS
39 of the 40 units have been renovated since 2014. Bathrooms were redone, including tubs, plumbing, ceramic tile, sinks and toilets. Kitchens have also been refreshed over the years, with some undergoing more extensive renovations. Approximately 75% of the units feature hardwood floors and approximately 25% have laminate flooring. Kitchen range hoods and bathroom exhaust fans venting directly outdoors were installed in 39 of the 40 units.

The only unrenovated unit is a 4½ that will be available to the buyer, offering attractive value-add potential. Three additional units are currently vacant and are expected to be re-rented shortly.

An office space with a separate entrance and distinct address at 6498 boul. de l'Assomption has been used for storage by the current owners and has never been rented since 2014. The buyer shall conduct their own due diligence regarding its potential use.

ELECTRICITY, HEATING & HOT WATER
Converted to individual electric heating with electronic thermostats; electricity and heating are paid by the tenants. Several electrical panel upgrades have been completed. Two new central gas-fired water heaters were installed in 2024, representing an investment of approximately $60,000. Hot water is included in the leases. A significant portion of the plumbing has also been replaced with PVC over the course of the renovations.

FIRE SAFETY & COMMON AREAS
The addressable fire alarm system was completely redone around 2015-2016, as were the intercom systems. New fire-rated steel doors were installed in the corridors and common areas. The entrance halls, lighting and several common-area finishes were renovated while preserving the original terrazzo.

BUILDING ENVELOPE
Caulking around doors and windows was redone, the majority of the window sills were replaced, and nearly all aluminum balconies were replaced. The rear brick façade was completely rebuilt at 5440, along with the upper portion of the wall facing L'Assomption.

GARAGES, STORAGE & OTHER
3 double garages, 1 unique double-width, double-depth garage and 36 storage lockers. The rear asphalt was redone. The laundry facilities generate approximately $9,000 per year.

A Phase II environmental assessment was completed in 2014. The two buildings are considered to function as a single real estate complex. The information shown in the property description combines both buildings. Property visits will be permitted upon an accepted promise to purchase.