315 Rue Rielle, Montréal (Verdun, QC H4G2S6    $10,550,000

Turn-key 32-unit multifamily investment located in the heart of Verdun. The property was fully renovated in 2019-2020 with high-end finishes including quartz countertops, hardwood and porcelain floors, sound insulation, and upgraded mechanical, electrical and plumbing systems. Well-balanced unit mix: 2 x 2½, 17 x 3½ and 13 x 4½, plus 6 indoor garage spaces and common laundry. Ideally located steps from De l'Église metro and vibrant Wellington Street with cafés, restaurants and shops. Close to parks and Verdun Beach. Excellent rental demand with strong income and CMHC MLI Select financing potential. Exceptional turnkey asset in prime location!

Renovations:

The property has been 100% renovated in 2019 to a standard
in line with that of new condominium construction. All work
indicated below has been completed by CCQ and RBQ
accredited professionals using 100% new materials.

Electrical (2019):

*Common Areas: Main electrical entry, aerial powerline,
exterior lighting (3 facades), intercom system, cameras,
CAT6 wiring/server room, new wiring & heaters in utility
rooms, entrance and hallways.

*Apartment Units: Breaker panels, LED recessed lighting,
wiring for range hood & microwave, new
plugs/switches/fixtures, baseboard heaters & thermostats,
CAT6 wiring & router.

*Basement/Garage: Full electrical replacement, new main
distribution to laundry/garage, garage door motor.

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Plumbing (2019):

*Common Areas: Roof drains & vents (cast iron & PVC),
copper & Wirsbo water entry, Gaz boiler.

*Apartment Units: Cast iron & PVC drains, Wirsbo water
distribution.

*Basement/Garage: PVC underground drains, copper hot & cold
water, French drain system around perimeter & center.

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Building Structure (2019):

*Exterior: masonry repairs (bricks, sills, pointing),
elastomere membrane roof, doors & windows, balconies,
fascias, brick acid wash & foundation stripping,
sealed/treatment of foundation.

*Interior Common Areas: Walls/floors rebuilr where needed,
metal support beams in basement, terrazzo stairs
repaired/polished, basement concrete slab replaced with new
gravel base.

*Apartments: Double gypse and cellulose soundproofing, new
insulation along exterior walls, hardwood floors refinished
(living/bedrooms), porcelain floors (kitchen/baths),
new/updated gypse, plastering, priming & painting,
bathroom/kitchen ventilation ducts added.

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Fire Alarm (2019):

*Common Areas: Fire alarm system brought to code, main
panel, horns, smoke detectors, emergency exit lighting.

*Apartment Units: Smoke detectors, horns, (linked to main
panel).

*Basement: Smoke detectors, horns, exit lighting.

*Security: Cameras at entrances/exists, intercom system.