Description

Welcome to 5205--5215 1re Avenue, an exceptional 48-unit multifamily asset ideally located in the heart of Rosemont--La Petite-Patrie, one of Montréal's most dynamic and highly sought-after rental markets. Offering an attractive mix of spacious 2.5, 3.5, and 4.5 suites and indoor garage parking, the property appeals to a strong tenant profile composed primarily of urban professionals and young families.

The asset has undergone capital improvements by the current ownership of approximately ~$400,000, including 26 renovated suites, common area makeover, upgraded air conditioning systems in several units, and the installation of thermopompes throughout the building. The property presents a significant upside potential because 22 of the units are paying ~50% below current market rents. There is also a value creation opportunity through converting one of the two existing garage structures into two or three additional basement units. Given that the driveway access is too narrow for vehicle use and the garage benefits from existing windows, there is an opportunity to explore the conversion of the space (subject to municipal approvals).

Strategically positioned in front of the large Parc Pelican, the property is surrounded by bike paths, public transit, and everyday amenities, and benefits from exceptionally strong rental demand and long-term growth potential. This is a rare opportunity to acquire a semi-stabilized, institutional-quality multifamily investment asset in one of Montréal's most vibrant and urban neighbourhoods.

**Financials are based off projected 2027 closing date numbers.**