$1,448,900

$3,226,100

Exceptional Investment Opportunity - 31 Units - NDG

31-unit apartment building located at 2095 Grand Boulevard,
in the heart of Notre-Dame-de-Grâce, a highly sought-after
area offering strong rental demand and long-term stability.

The property benefits from a strategic location near major
highways, including Highways 15, 20, and 720, providing
quick and direct access to downtown Montreal. It is also
close to Vendôme and Villa-Maria metro stations, and near
Monkland Village, known for its shops, cafés, restaurants,
and services. The area is also in proximity to Concordia
University's Loyola Campus, making it ideal for both
student and professional tenants.

The owner has undertaken the renovation of multiple units
and invested capital into the property. The project has
progressed significantly, with several units already
completed or in advanced stages of renovation, some units
already re-leased, and others still remaining to be
completed. This provides a future purchaser with the
opportunity to acquire an asset where a substantial portion
of the work has already been completed while retaining
significant upside potential.

The buyer will be required to assume the existing mortgage
at a 3.66% interest rate, structured under a CMHC MLI
Select program based on affordability and energy efficiency
criteria. This financing structure is particularly
advantageous for this property, as it consists primarily of
smaller units that align well with affordability
requirements.

The building is constructed of brick. It includes a garage
with capacity for three parking spaces, as well as 8
exterior parking spaces generating additional income. A
laundry room is also in place, providing an extra revenue
stream. The garage also represents strong upside potential,
as the sellers have already prepared plans to convert it
into three additional residential units, ready to be
submitted to the City.

The fire alarm system was upgraded in 2026, and the
plumbing risers have been replaced by the seller,
representing significant capital improvements and reducing
short-term risk.

Heating and hot water are currently powered by natural gas
and paid by the owner. A potential conversion to an
electric system would allow these costs to be transferred
to tenants, reducing operating expenses and increasing the
overall value of the property.

The current zoning allows for additional optimization
potential, subject to verification with the City.

This is a rare opportunity for an investor to acquire a
property with strong value-add potential, combined with
attractive in-place financing.