Blog
Register
Login
English
English
Français
3440 Ridgewood, Côte-des-Neiges
46 residential units, 0 commercial units | 14,995,000$
Contact Us
Download PDF
Back to List
Overview
Revenue
Financing
Documents
Photos
View on map
Download PDF
Contact Us
Back to List
Overview
Revenue
Financing
Documents
Photos
View on map
3440 Ridgewood, Côte-des-Neiges
46 residential units, 0 commercial units | 14,995,000$
Description
Residential
0
9
10
26
0
1
46
0
Financial Overview
Revenue
816,352$
Cost per Unit
325,978$
Cap. Rate
3.86 %
GRM
18.37
NRM
25.86
Return on Cash Flow
2.93 %
Return on Investment
4.97 %
Municipal Evaluation
Previous Assessment
2017-2019
4,902,900$
Land
2020-2022
1,209,800$
Building
2020-2022
4,918,800$
Total
2020-2022
6,128,600$
Highlights
- Prestigious concrete building in the best location in Côte-des-Neiges
- Over 4,500,000$ have been invested in renovations since 2019
- Directly on the Mount-Royal, next to Westmount and Summit Woods
- 27 fully renovated apartments converted to electrical heating
- Close to Côte-des-Neiges metro station, UdeM, HEC, Polytechnique
- High end materials used: quartz countertop, hardwood floors, etc
- Over 250ft of unobstructed street facing façade
- New units include: fridge, stove, dishwasher, washer, dryer, A/C
- Very large apartments: 3 1/2 are 750 sq.ft and 4 1/2 are 1,000 sq.ft
- Lots of potential to increase the revenues and reduce the enery costs
- 9ft height ceilings and very large windows throughout the building
- Unique investment opportunity in an incredible location!
Residential
Studio
1 ½
0
Alcove
2 ½
9
1 bdrm
3 ½
10
2 bdrm
4 ½
26
3 bdrm
5 ½
0
4 bdrm +
6 ½ +
1
Commercial
Commercial
0
Parking
Parking
5
Garage
12
Storage
1
Location
Main Artery
Côte-des-Neiges
Intersection
Queen-Mary
Shopping Center
Van Horne Commercial Center
Metro Station
Côte-des-Neiges Metro
Bus
11, 165, 166, 369, 465, 711
Attraction
Oratoire St-Joseph
Hospital
Montreal General Hospital
School
UdeM, HEC, Polytechnique
Heating
Energy Source
Electricity & Gas
Heating Type
Baseboards & Hot Water
Responsibility
Tenants & Owner
Heating Hot Water
Energy Source
Natural Gas
Responsibility
Owner
Water Tank
General Information
Zoning
Residential
Cadastral
2174932
Building Type
Detached
Floor Nb.
5
Year Built
1954
Lot Area
1800
Building Area
0
Stove
Included in leases
Refrigerator
Included in leases
Washer
Owner
Dryer
Owner
Elevator
One elevator
Wash/Dry Hookups
Renovated apartments
Dishwasher Hookups
Renovated apartments
Pool
None
Furnished
Appliances
AC units
Renovated apartments
Basement
Fireplace
None
Intercom
Yes
Building Overview
Roof
Tar and gravel roof
Windows
Sliding aluminium windows
Balconies
Exterior Walls
Concrete structure
Electricity
Individual Hydro-Quebec meters | 100AMP panels | Heating paid by the tenants for renovated apartments only
Plumbing
The 27 renovated units have washer/dryer hookups | Most risers have been replaced
Heating System
Originally natural gas heating | 27 renovated units are converted to electrical heating | 19 units to be converted
Hot Water Tanks
Hot water heated with natural gas | Hot water paid by the owner
Elevator
One elevator
Garage
12 indoor garage spaces | 5 outdoor parking spaces
Bathrooms
27 fully renovated apartments with high end materials
Kitchens
27 fully renovated | Stainless steel fridge, stove, dishwasher, washer/dryer and A/C
Certificate of Location
Felix Guay-Lord - 2019-02-26
Envrionmental Report
Phase 1 - DEC Enviro (2021-09-21) | Phase 2 (2019)
Notes
- Over 4,500,000$ have been invested in renovations since 2019
- Over 250ft of unobstructed front facing façade
- 9ft heigh ceilings throughout the whole building
- Apartment #50 is a penthouse of 2,230 sq.ft on 2 levels (5th floor + mezzanine) with a rooftop terrace
- The renovated units have been soundproofed
*** This sale is made without any legal warranty of quality, on an “as is, where is” basis, at the BUYER’s own risks. ***
Top
×
Please Login
Username*
Password*
Login
OR
Register
Forgot Password
×
Register
Please register to access exclusive new content.
First name*
Last name*
Phone number*
Email*
Confirm email*
New Password*
Confirm password*
Reason to subscribe*
Do you want to receive our exclusive newsletters?
Sign up
Registration successful.
×
Forgot Password
Username or Email*
Request Reset Password
Login
OR
Register
×
Subscribe
First name*
Last name*
Phone number*
Email*
Sign up
Subscribed successfully.