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4210-4220 Boulevard Decarie, Montréal, QC, H4A 3K3

Residential Units: 6
Commercial Units: 1
Year Built: 1927
Borough: Cote-des-Neiges— Notre Dame de Grace
Gross Revenue: $165,655
NOI: $121,202; Future NOI: $150,440
Asking Price: $2,695,000
Cap Rate: 5.6%

This is an opportunity to obtain 100% freehold stake in one of the most sought after turnkey semi-commercial assets in the Notre-Dame-de-Grace borough, adjacent Villa Maria High School and Villa Maria metro station, next to Monkland Village. This well maintained and renovated property sitting on the corner of Décarie and Brodeur Avenue consists of six spacious residential units with yearly leases in place boasting 2 x 4.5, 2 x 5.5, and 2 x 6.5 ranging in size from 550 to 1,000 square feet.

There is one commercial space on the ground floor of 2,700 square feet that will soon occupy both 4210 and 4220 boulevard Decarie. The tenant of the commercial space is popular Kosher sushi restaurant Yakimono and is currently expanding to 4220 Decarie next door and will invest approximately $200,000 on capital expenditure over the next 12 months. The landlord recently signed a new lease with Yakimono until October 31 2027. The rent is increasing by approximately $2300 as of November 2024.

Residential Units: 6 Commercial Units: 1 Year Built: 1927 Borough: Cote-des-Neiges— Notre Dame de Grace Gross Revenue: $165,655 NOI: $121,202 Future NOI: $150,440 Asking Price: $2,695,000 Cap Rate: 5.6%

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