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2750 Av Van Horne 8 Unit Apartment Building $3,100,000 CAD ($387,500 CAD/Unit) 4.26% Cap Rate Montréal, QC H3S 1P9
Investment Highlights
- - Incredible development opportunity in the heart of Côte-des-Neiges, just minutes from UdeM and Outremont
- - Large 7,700 SF lot with building extension possibility
- - Construction permit approved at the City but not paid for yet
- - Qualifies for CMHC MLI Select financing (energy efficiency)
- - Potential to build 4 additional large two-storey apartments
- - Architect plans available upon request
Executive Summary
2750 Van Horne Avenue represents a unique opportunity to acquire a quality multifamily property with excellent development potential, located in the heart of the highly sought-after Côte-des-Neiges neighborhood. Set on a 7,700 sq. ft. lot, the existing building includes one 3½, one 4½, and six 5½ units, as well as a large six-door garage with the potential to be converted into four new two-level units, each featuring four bedrooms and approximately 1,500 sq. ft. of living space. The property stands out for its good overall condition, strong development potential, and promising long-term appreciation.
LOCATION
Ideally located in Côte-des-Neiges, directly across from the Wilderton Centre, the property is just a few minutes’ walk from Université de Montréal, HEC, Polytechnique, and Collège Brébeuf, with quick access to the new Édouard-Montpetit REM station.
Nearby:
Parks: Martin-Luther-King Park
Shopping: Wilderton Centre, Plaza Côte-des-Neiges
Transportation: Université-de-Montréal metro, Édouard-Montpetit REM station
Hospitals: Ste-Justine, Jewish General Hospital, St-Mary’s
Schools & Universities: Université de Montréal, HEC, Polytechnique, Brébeuf College
BUILDING
Lot size: 7,700 sq. ft.
1 x 3½, 1 x 4½, and 6 x 5½ | Total: 8 residential units
Heating: Electric, paid by tenants
Hot water: Electric water heaters, paid by tenants
Certificate of location: October 2017
Environmental study: Phase 1 – February 2018
DEVELOPMENT POTENTIAL
Possibility to build a 7,867 sq. ft. extension (3 levels + basement), consisting of 4 new two-level units, each with 4 bedrooms and about 1,500 sq. ft. of living area. A building permit was approved by the City in May 2022 for this extension (the permit was never paid). Architectural plans are available upon request, showing 4 new two-level units of approximately 1,500 sq. ft. each.
ADVANTAGEOUS FINANCING
Potential to qualify for CMHC MLI Select financing under the energy efficiency criteria.
LOCATION
Ideally located in Côte-des-Neiges, directly across from the Wilderton Centre, the property is just a few minutes’ walk from Université de Montréal, HEC, Polytechnique, and Collège Brébeuf, with quick access to the new Édouard-Montpetit REM station.
Nearby:
Parks: Martin-Luther-King Park
Shopping: Wilderton Centre, Plaza Côte-des-Neiges
Transportation: Université-de-Montréal metro, Édouard-Montpetit REM station
Hospitals: Ste-Justine, Jewish General Hospital, St-Mary’s
Schools & Universities: Université de Montréal, HEC, Polytechnique, Brébeuf College
BUILDING
Lot size: 7,700 sq. ft.
1 x 3½, 1 x 4½, and 6 x 5½ | Total: 8 residential units
Heating: Electric, paid by tenants
Hot water: Electric water heaters, paid by tenants
Certificate of location: October 2017
Environmental study: Phase 1 – February 2018
DEVELOPMENT POTENTIAL
Possibility to build a 7,867 sq. ft. extension (3 levels + basement), consisting of 4 new two-level units, each with 4 bedrooms and about 1,500 sq. ft. of living area. A building permit was approved by the City in May 2022 for this extension (the permit was never paid). Architectural plans are available upon request, showing 4 new two-level units of approximately 1,500 sq. ft. each.
ADVANTAGEOUS FINANCING
Potential to qualify for CMHC MLI Select financing under the energy efficiency criteria.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$182,494
|
$30.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,315
|
$0.90
|
| Effective Gross Income |
$177,179
|
$29.93
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$45,187
|
$7.63
|
| Net Operating Income |
$131,992
|
$22.30
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $182,494 |
| Annual Per SF | $30.83 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,315 |
| Annual Per SF | $0.90 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $177,179 |
| Annual Per SF | $29.93 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,187 |
| Annual Per SF | $7.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $131,992 |
| Annual Per SF | $22.30 |
Property Facts
| Price | $3,100,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $387,500 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.26% | Building Size | 5,920 SF |
| Gross Rent Multiplier | 17.93 | No. Stories | 3 |
| No. Units | 8 | Year Built | 1943 |
| Property Type | Multifamily | Parking Ratio | 0.75/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | H.4-5 | ||
| Price | $3,100,000 CAD |
| Price Per Unit | $387,500 CAD |
| Sale Type | Investment |
| Cap Rate | 4.26% |
| Gross Rent Multiplier | 17.93 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,920 SF |
| No. Stories | 3 |
| Year Built | 1943 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | H.4-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,208 CAD | - |
| 2+1 | 1 | $1,875 CAD | - |
| 3+1 | 6 | $11,680 CAD | - |
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