9964 Av. Papineau, Montréal (Ahuntsic-Cartierville), QC H2B1Z8    $5,500,000

Building with **nine indoor garages** and strong potential for income optimization. Down payment requirements will vary depending on the financing obtained, whether an **SCHL-insured mortgage or conventional financing**. Information provided for reference only; existing mortgages are not covered by any APH program. Visits are permitted only following acceptance of a promise to purchase and upon presentation of proof of funds. Heating and gas expenses are based on estimates from the previous year.

**EXCELLENT INVESTMENT OPPORTUNITY -- MULTI-RESIDENTIAL
PROPERTY**

Located in **Ahuntsic**, this building features **25
residential units** as well as **9 garages** and is located
only **5 minutes from Sauvé Metro Station**.

The property currently generates **annual revenue of
$309,960**, with a **100% occupancy rate**, meaning no
vacancies, demonstrating strong rental demand and stable
income.

**Additional income potential:** one locker is currently
available and could generate approximately **$400/month, or
$4,800 annually**, subject to rental.

**Tenants are responsible for their electricity costs**,
with the exception of **Unit 100 located in the basement**,
for which electricity is paid by the owner.

The property has benefited from several recent
improvements. The **central gas water heater**, which
services the entire building, was replaced in **2024**,
while a **new furnace was installed in 2025**, helping to
limit major short-term expenses.

The **electrical panels are all equipped with circuit
breakers**, and several units have also undergone
renovations.

There is currently no contract in place with **Coinamatic**
for the washers and dryers, providing an additional
opportunity to optimize revenue.

**Property Highlights:**

25 residential units

9 garages

Annual revenue of **$309,960**

**100% occupancy rate**

Approximately 5 minutes from Sauvé Metro Station

**Electricity paid by tenants**, except for basement Unit
100

Available locker: potential income of approximately
**$400/month**, or **$4,800/year**

New furnace -- **2025**

Central gas water heater replaced -- **2024**

Electrical panels equipped with circuit breakers

Several renovated units

No current Coinamatic contract

**Potential for further rental income optimization**

An excellent opportunity to acquire a well-established
multi-residential property offering a **desirable
combination of stable income, full occupancy, 9 garages,
electricity costs largely assumed by tenants, recent
improvements, and additional income potential**.