Revenue property
5336 5340 Rue Sherbrooke O. H4A3H3 Montréal (Côte-des-Neiges/Notre-Dame-de-Grâce) Montréal Notre-Dame-de-Grâce
$9,600,000 CAD +GST/QST
MLS: 19209207
Listing agents
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.
Overview
- Bathrooms
- Bathroom
- Floors
- 4
- Rooms
- Room
- Year built
- 1927
- Living area
- NA
- Lot area
- 7 050 pc
- Building type
- Detached
- Renovations
- Other (2019)
Heat (2011)
Windows (2020)
Roof - covering (2011) - Building dimensions
- 54 x 111 feet
16.37 x 33.83 meters - Lot dimensions
- 0 x 0 feet
0.00 x 0.00 meters
Addendum
***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.
Building details
- Basement
- 6 feet and over
Finished basement - Heating system
- Electric baseboard units
- Siding
- Brick
- Roofing
- Asphalt and gravel
Lot details
- Driveway
- Asphalt
- Zoning
- Commercial
Residential
Features
- Water supply
- Municipality
- Heating energy
- Electricity
- Distinctive features
- Environmental study phase 1
Environmental study phase 2 - Proximity
- Highway
Cegep
Hospital
Park - green area
Elementary school
High school
University - Sewage system
- Municipal sewer
Inclusions
As per the leases, the laundry machines are leased, the buyer to assume the Coinamatic contract at the act of sale.
Exclusions
All tools and material in the different building storages are the owner's, and will be removed, unless certain specifics that are needed for the operation of the building.
Legal warranty
Sale with exclusion(s) of legal warranty – See listing broker(s)
Assessments, taxes and expenses
Municipal assessment 2024
- Land
- $655,000
- Building
- $6,550,100
- Total
- $7,205,100
Taxes and expenses
- Insurance
- $28,768
- Energy cost
- $5,568
- Municipal Taxes 2026
- $52,837
- School taxes 2025
- $5,759
- Total
- $92,932
Property photos
5336 5340 Rue Sherbrooke O. H4A3H3 Montréal (Côte-des-Neiges/Notre-Dame-de-Grâce) Montréal Notre-Dame-de-Grâce · MLS 19209207
