31-unit building at 2095 Grand Blvd in NDG, a prime location near Highways 15, 20 and 720, Vendôme metro and Monkland Village. Owner has vacated 17 units, most already stripped and ready for renovation, allowing immediate value-add and strong upside potential. Buyer must assume existing 3.66% CMHC MLI Select mortgage, advantageous due to smaller unit mix. Garage can be converted into 3 additional units with plans ready for submission, subject to city approval. Includes 8 parking spaces and on-site laundry generating income. Fire alarm system and plumbing risers updated. Significant optimization potential throughout.

Exceptional Investment Opportunity - 31 Units - NDG

31-unit apartment building located at 2095 Grand Boulevard, in the heart of Notre-Dame-de-Grâce, a highly sought-after area offering strong rental demand and long-term stability.

The property benefits from a strategic location near major highways, including Highways 15, 20, and 720, providing quick and direct access to downtown Montreal. It is also close to Vendôme and Villa-Maria metro stations, and near Monkland Village, known for its shops, cafés, restaurants, and services. The area is also in proximity to Concordia University's Loyola Campus, making it ideal for both student and professional tenants.

The current owner has already initiated a major value-add strategy by vacating 17 units, most of which have been stripped and are ready for renovation. This allows the buyer to begin improvements immediately and significantly increase rental income without delay. The upside potential is substantial.

The buyer will be required to assume the existing mortgage at a 3.66% interest rate, structured under a CMHC MLI Select program based on affordability and energy efficiency criteria. This financing structure is particularly advantageous for this property, as it consists primarily of smaller units that align well with affordability requirements.

The building is constructed of brick. It includes a garage with capacity for three parking spaces, as well as 8 exterior parking spaces generating additional income. A laundry room is also in place, providing an extra revenue stream. The garage also represents strong upside potential, as the sellers have already prepared plans to convert it into three additional residential units, ready to be submitted to the City.

The fire alarm system was fully upgraded in 2026, and the plumbing risers have been replaced by the seller, representing significant capital improvements and reducing short-term risk.

Heating and hot water are currently powered by natural gas and paid by the owner. A potential conversion to an electric system would allow these costs to be transferred to tenants, reducing operating expenses and increasing the overall value of the property.

The current zoning allows for additional optimization potential, subject to verification with the City.

Renewal notices have been sent to the tenants representing a monthly increase of $716.

This is a rare opportunity for an investor to acquire a property with strong value-add potential, combined with attractive in-place financing.