1290 Av. des Pins O.

6525
sqft
$5,500,000
price

Welcome to Residence 1290 -- a distinctive concept in traveller accommodations. Nestled within heritage home in the heart of downtown Montreal, it's just steps from university campuses, major faculties, city attractions, and public transportation, offering both convenience and privacy. Fully renovated in 2018, this modernist property was transformed from a private house into a 32-room residence. Each room features a private bathroom and a dedicated workspace. A turnkey investment presenting numerous possibilities for its future owner.

Additional Details

Main features

- 32 rooms including a full bathroom each (32 bathrooms with rain showers)
- Full Kitchen on each floor (5 floors total)
- Fully renovated (list of renos available)
- Modern furniture included
- Work desks with chairs, study sections, lockers
- Stunning views of the city
- Large terraces + Backyard
- Certificate of Occupation allowing short term rentals (30 nights minimum)
- Strategically located between Concordia and McGill campuses
- Smart system allowing remote control (temperature control, lights, access to rooms individually)
- Camera surveillance system throughout property
- Vending machines and laundry on site ($)
- Extra lockers available for additional income
- Possible to list on Airbnb to optimise revenues (30 nights minimum)
- Ideal for Student residence or RPA (or monthly Airbnbs)
- Potential Upside Gross revenues of 425k / year

CONTACT THE LISTING BROKER FOR THE FULL BROCHUREFull Brochure: Brochure: https://drive.google.com/file/d/1oFnSk50iyrents2
-Ww1gC3
BwThPmZoIo/view?usp=sharing

COMPETITIVE MORTGAGE TO ASSUMESIGN NDA FOR MORE INFORMATION AND ACCESS TO THE DATA VAULT

Included in the sale

All the furniture, equipment, and appliances necessary for the operations of the residence.

Excluded in the sale

Tenant's personal belongings

Location

Payment Calculator

Room Details

Assessment, taxes and other costs

Municipal taxes $35,525
School taxes $4,784
Municipal Building Evaluation $4,056,000
Municipal Land Evaluation $1,648,000
Total Municipal Evaluation $5,704,000
Evaluation Year 2024

Building details and property interior

Heating system Air circulation
Water supply Municipality
Heating energy Electricity
Equipment available Central air conditioning, Ventilation system, Entry phone, Alarm system, Central heat pump
Available services Fire detector
Distinctive features Environmental study phase 1
Kind of commerce Student Housing, Retirement Home, Home care
Proximity Highway, Public transport
Basement 6 feet and over, Seperate entrance, Finished basement
Sewage system Municipal sewer
Landscaping Fenced yard
Zoning Commercial, Residential