$10,700,000
ULS: 14256705
16+-Plex for sale - Mascouche (Ville)
663 - 667 Mtée Masson, Mascouche (City)
THE FIGURES SPEAK FOR THEMSELVES. CAP RATE of 4.12% based on CMHC guidelines + 2 exceptional mortgages to be assumed by the buyer. The 1st is at 2.08% maturing March 2031, and the 2nd at 2.82% maturing December 2031. High-luxury 2019 building of 18 units, 2 of which are commercial spaces (hair salon & a beauty salon), 30-car indoor garage and 3 elevators. Located in the heart of Mascouche, the building offers chic like no other in the north shore. See the video. $600,000 in annual income. Quality investment in a new, high-end building with no capital expenditures in sight. The building is always full. A superb building with a fabulous return.
Sale without legal warranty of quality, at the buyer's risk and peril.
Addendum
- 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 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 (2019)
- Lot assessment
- $ 733,700
- Building assessment
- $ 4,236,300
- Total
- $ 4,970,000
Taxes
- Municipal (2024)
- $ 69,175
- School (2024)
- $ 4,526
- Total
- $ 73,701
Annual expenses
- Insurance
- $ 15,980
- Total
- $ 15,980
Energy expenses
- Electricity
- $ 3,778
- Gas
- $ 1,197
- Total
- $ 4,975
Gross annual revenues (potential)
- Residential
- $ 516,600
- Commercial
- $ 76,800
- Parking
- $ 6,000
- Total
- $ 599,400
Inclusions and exclusions
Inclusions
15 appliances and 1 snow plower sold as is without legal warranty
Mortgage payment calculator
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