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.**