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5071 Av Papineau
Montréal, QC H2H 1V9
Multifamily Property For Sale
·
6,598 SF
Investment Highlights
- Heavy daytime traffic
- Each apartment has 2 balconies
- Corner location with 4 huge x 6.5 apartments and a daycare on ground floor
Executive Summary
In the Plateau: Highly visible condo property with 50' frontage on Plateau Mont-Royal corner of Papineau/Laurier. 4 huge 6 1/2 apartments with 2 balconies each and 1 2,200 sf commercial unit on the ground floor- Daycare! The commercial local plus four 6.5 apartments make up a single condo unit so condo fees apply. The commercial condo is leased to a daycare operator. Located on Papineau Avenue. The commercial lease offers interesting contractual growth and residential tenants pay their own electricity. There will be taxes (GST&PST) on the purchase since there is a commercial local.
IMPORTANT: The seller is willing to discuss a balance of sale (finance) to the right Buyer.
IMPORTANT: The seller is willing to discuss a balance of sale (finance) to the right Buyer.
Property Facts
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.20% | Building Size | 6,598 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1924/2010 |
| Building Class | C |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,598 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1924/2010 |
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