$10,700,000
ULS: 14256705
16+-Plex
for sale
663 - 667 Mtée Masson, Mascouche (City)
ANNUAL REVENUE $630,000 - GROSS RENT MULTIPLIER OF 16.6 - CAP RATE OF 4.57% - SEE THE 2025 PROFORMA ON MATRIX - BALANCE OF SALE AVAILABLE TO BUYER. Two Exceptional Mortgages to be taken over by the buyer: the 1st: Rate of 2.08%, Maturity March 2031, the 2nd: Rate of 2.82%, Maturity December 2031. 2019-2020 construction located in the heart of Mascouche, one of the fastest growing cities in Quebec just 30 minutes north of Montreal. 18 x 5 ½ units, including 6 Penthouses on 2 floors with huge terraces. A high-yield real estate investment that combines performance, quality and absolute elegance. See photos and video.
Sale without legal warranty of quality, at the buyer's risk and peril.
Addendum
- A balance of sale is available in case buyer needs one.
- The indicated revenues are those of July 1, 2025.
- The 2025 Proforma is attached along with the Certificate of Location.
TRANSFER DUTIES EXEMPTION
The seller might offer the buyer the possibility of purchasing the company (100% of the shares) that owns the building, to be exempt from the Property Transfer tax of +/$311,733. Note that the company only holds this building as an asset and the financial statements are prepared by a CPA firm. All subject to an accounting and legal review of course.
SELF MANAGED BUILDING
Building has a Property Manager who looks after all service calls, repairs, rentals and day-to-day oversight
DETAILS OF THE 2 LOANS TO BE TAKEN OVER BY BUYER ARE AVAILABLE ON DEMAND
PROPERTY DESCRIPTION
. The building is comprised of 18 units of which 2 are commercial spaces, a 30-car indoor garage and 3 elevators
. The 2 commercial spaces are a hair salon on the ground floor and an esthetic salon on the 2nd. GST and QST to apply on these 2 commercial spaces.
. 12 X 5 ½s and 6 penthouses on 2 levels
. The 5 1/2s measure approx. 1,490 sq. ft. and the penthouses 2100 sq. ft.
. Concrete floors - Superior soundproofing
. The Penthouses have a huge living/family room on the 2nd level with a large terrace - watch the video
. Laundry room in all apartments
. Large walk-ins in all apartments
. Quartz kitchen counters
. 22 secure-access storage spaces (lockers)
. 2 electric vehicle charging stations
. Automatic irrigation system in the garage
. 10 cameras installed inside and outside - connected to the internet + DVR
. Intercom with camera - wired installation
. Sun protection film installed on 3 stairwells
. Fire extinguishers installed in stairwells and garage
IMPORTANT CONSIDERATIONS
. gas fireplace installed in all apartments
. 2 gas fireplaces in all penthouses, one on each level
. Heating is gas - forced air. Water heaters are also gas-fired. Gas consumption paid by the tenants
. Water heaters belong to the building
. Heated floors in all bathrooms and powder rooms
. Smoke detectors installed in all apartments and connected to the central alarm panel
. Central alarm panel tested annually by Viking - certificate of compliance on hand
. Magnetic key to enter the building and a remote control for the garage
OTHER DETAILS
. Dogs are prohibited, however permitted on request only
. Snowblower included in sale price
. Website included in sale price - visit squaremasson.com
. Non-smoking building
. Bar-B-Q allowed
- The indicated revenues are those of July 1, 2025.
- The 2025 Proforma is attached along with the Certificate of Location.
TRANSFER DUTIES EXEMPTION
The seller might offer the buyer the possibility of purchasing the company (100% of the shares) that owns the building, to be exempt from the Property Transfer tax of +/$311,733. Note that the company only holds this building as an asset and the financial statements are prepared by a CPA firm. All subject to an accounting and legal review of course.
SELF MANAGED BUILDING
Building has a Property Manager who looks after all service calls, repairs, rentals and day-to-day oversight
DETAILS OF THE 2 LOANS TO BE TAKEN OVER BY BUYER ARE AVAILABLE ON DEMAND
PROPERTY DESCRIPTION
. The building is comprised of 18 units of which 2 are commercial spaces, a 30-car indoor garage and 3 elevators
. The 2 commercial spaces are a hair salon on the ground floor and an esthetic salon on the 2nd. GST and QST to apply on these 2 commercial spaces.
. 12 X 5 ½s and 6 penthouses on 2 levels
. The 5 1/2s measure approx. 1,490 sq. ft. and the penthouses 2100 sq. ft.
. Concrete floors - Superior soundproofing
. The Penthouses have a huge living/family room on the 2nd level with a large terrace - watch the video
. Laundry room in all apartments
. Large walk-ins in all apartments
. Quartz kitchen counters
. 22 secure-access storage spaces (lockers)
. 2 electric vehicle charging stations
. Automatic irrigation system in the garage
. 10 cameras installed inside and outside - connected to the internet + DVR
. Intercom with camera - wired installation
. Sun protection film installed on 3 stairwells
. Fire extinguishers installed in stairwells and garage
IMPORTANT CONSIDERATIONS
. gas fireplace installed in all apartments
. 2 gas fireplaces in all penthouses, one on each level
. Heating is gas - forced air. Water heaters are also gas-fired. Gas consumption paid by the tenants
. Water heaters belong to the building
. Heated floors in all bathrooms and powder rooms
. Smoke detectors installed in all apartments and connected to the central alarm panel
. Central alarm panel tested annually by Viking - certificate of compliance on hand
. Magnetic key to enter the building and a remote control for the garage
OTHER DETAILS
. Dogs are prohibited, however permitted on request only
. Snowblower included in sale price
. Website included in sale price - visit squaremasson.com
. Non-smoking building
. Bar-B-Q allowed
Building details and property interior
Dimensions
183' 3" X 74' 4" irr.
Year constructed
2019
Garage
Attached, Heated
Washer/Dryer (installation)
Laundry room
Bathroom
Separate shower
Lot and exterior features
Lot area
2,891.30 m²
Parking (total)
Garage (30)
Proximity
Hospital, Park, Highway, Elementary school, High school, Bicycle path
Characteristics
Heating System
Forced air
Heating Energy
Natural gas
Water Supply
Municipality
Sewage System
Municipality
Environmental Study
Phase 1 (2020, 04)
Financial details
Municipal assessment (2025)
- Lot assessment
- $ 1,240,400
- Building assessment
- $ 5,389,600
- Total
- $ 6,630,000
Taxes
- Municipal (2025)
- $ 74,262
- School (2024)
- $ 4,611
- Total
- $ 78,873
Annual expenses
- Insurance
- $ 15,980
- Total
- $ 15,980
Energy expenses
- Electricity
- $ 4,120
- Gas
- $ 1,300
- Total
- $ 5,420
Gross annual revenues (potential)
- Residential
- $ 543,600
- Commercial
- $ 79,596
- Parking
- $ 4,800
- Other
- $ 1,104
- Total
- $ 629,100
Inclusions and exclusions
Inclusions
15 appliances and 1 snow plower sold as is without legal warranty
Mortgage payment calculator
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