26308785 | 438 Av. Mount-Stephen

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438 - 440 Av. Mount-Stephen
Westmount QC , H3Y2X6 , CAN

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Amy Assaad

Certified Real Estate Broker

Phone: 514.884.8000

My Website

Email Me

Royal LePage du Quartier

Real Estate Agency:

6971 Ch. Côte-de-Liesse, #C

Montréal (St-Laurent), QC
H4T1Z3

Phone: 514.419.9888

Fax: 514.419.7289

Company Website

$11,000,000.00

MLS® 26308785

Com./Ind./Block : Commercial

Lot Assessment:	$2,850,200.00
Building Assessment:	$5,965,500.00
Total Assessment:	$8,815,700.00
Municipal Tax:	$55,953.00
School Tax:	$7,276.00
Annual Tax Amount:	$63,229.00 (2024)
Lot Size:	15248.0 Square Feet
Floor Space (approx):	37000.0 Square Feet
Built in:	1908
Zoning:	RESI

Remarks:

Unique opportunity to acquire a beautiful and rare Westmount beauty. 29-plex with potential 3 additional units becoming a 32-plex with an incredible upside and major potential for rent increase. This multi-residential property consists of 28 x 5.5 suites & 1 x 4.5 suite, located in a prime Westmount location, steps from Westmount Park. The property spans over 37,000 square feet with the potential to add 3 more units at the ground/garden level. Each unit features approximately 1,000 SF + | - of living area. The laundry room equipped with 6 machines (3 washers & 3 dryers). 2 Exterior Tandem Parking Spaces.

*The deadline for submitting bids is November 12th at 5 PM.*

Welcome to 438-440 Mount-Stephen!

- 29-plex in a prime Westmount location, just steps from Westmount Park.
- 37,000 square feet on 4 levels, 28 x 5.5 and 1 x 4.5 with potential to add three more 1 bedroom units on the ground/ garden level.
- Each unit features approximately 1,000 square feet + | - of living space.
- Units include hardwood flooring, modern vanities, and clawfoot tubs.
- Laundry room equipped with three washing & 3 dryer machines generating additional income.
- Within walking distance of private and public schools, shopping, restaurants, and public transportation.

Units:

- Original hardwood flooring.
- Bathrooms feature tile flooring, updated vanities, and clawfoot tubs.
- Large windows with an abundance of natural light.
- One of the units is occupied by the concierge.
- Laundry room contains 3 washing & 3 dryers machines.
* The total annual revenue from laundry is $3,800. *

Capital expenditures: (Approx 10 years ago)

- Plumbing upgrades.
- Electrical improvements.
- New windows and doors.
- Repairs to stairs and indoor passageways.
- Roof repairs.
- Maintenance and repairs to walls and ceilings.
- Maintenance and repairs to floors.
- 50% of the property was updated 10-12 years ago due to a fire
- Upgraded heating system.

Square footage is estimated based on building area on 4 levels.

- Entrance for the civic number 440: 25 apartments.
- Entrance for the civic number 438: 4 apartments.
- Bricks repointed 10 years ago +|-.
- Marble staircases.
- 13 renovated units | 16 non-renovated units.
- All windows have been changed 15-18 years ago.
- Fireproof glass doors (grandfathered in).
- Soundproof laundry room.
- Fire alarms to be assumed by the potential purchasers, (contract fall 2024).
- Hot water tanks are owned by the vendors: 40 gallon water tank for each unit; 60 gallon water tank for laundry room.
- Potential to add 2+1 units on RC/garden level at 438 civic entrance upon verification with the city.

The total amount for the insurance (2024-2025) is $25,285.

2 Exterior Tandem Parking Spaces.

Inclusions: As per the leases.

Exclusions: As per the leases.

Building Features:

Style: Detached
Water Supply: Municipality
Heating Energy: Electricity
Proximity: Westmount Park , Other , Highway , Metro , Public transportation
Sewage System: Municipality

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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