147 Morin, Sainte-Adèle

Asking Price

$20,500,000 + GST/PST on the commercial portion

Property Description

Le Montclair is a large-scale real estate project located in Sainte-Adèle, in the heart of the Laurentians, on a simply exceptional site. Comprising 46 rental units and two commercial spaces, this high-quality building offers a variety of unit types with indoor parking, meeting the expectations of a sought-after clientele. Combining a strategic location, quality construction, and rental appeal, Le Montclair is a prime asset to own in the Laurentians.

Highlights

View of Lac Rond just steps from the municipal beach

Vibrant environment close to restaurants and everyday services

Quick access to Highway 15 and Route 117

High-quality clientele

Capital spendings in recent years

Modern architecture with abundant windows and natural light

High-quality construction with durable materials and low maintenance

Spacious, well-designed units with open-concept living areas

Premium rental product attracting stable and high-quality tenants

Other information

The sale is made with a legal guarantee of quality and title.

The revenues will be effective as of July 1, 2026, and subject to confirmation during due diligence.

Location
Building description

General Information

Cadastral number2 231 251 , 6 321 257

Total Municipal Assessment

Total Municipal Assessment10 954 400 $
Municipal Land Assessment694 700 $
Municipal Building Assessment10 259 700 $

Construction

Number of Storeys4
Type of BuildingDetached
Type of ConstructionBrick and wood
Year of Construction2021
High-quality building with premium materials Bike storage Electric vehicle charging station Elevator Wheelchair-accessible ramp

Electromechanical System

Fire SystemCode-compliant system

Parking

Type of Parkinginterior and Exterior
Number of Parking Spaces37 interior and 39 outdoor

Area

Land Surface Area47, 716 sq.ft

Building type

Laundry RoomN/A
Number of Units46 units + 2 commercial spaces
Washer/Dryer InletYes, in each unit
Appliance ResponsibilityTenants
Heating ResponsibilityTenants
Hot Water ResponsibilityOwner
Hot water included Quiet building Exceptional view

Features

Internet and TelecomWifiPlex
PlumbingPEX/ ABS
Condition of RoofShingles
Condition of DoorsCommercial haute qualité
Condition of BalconiesBalconies with aluminum railings
Concierge AgreementOn-site concierge
Intercom and DoorbellModern system with mobile access
Heating SystemElectric baseboards
Hot Water SystemCentrale gas
Condition of WindowsPVC and aluminium
Condition of KitchensContemporary design; several central islands
Electrical Panels100 amp
Exterior SidingAluminum with a wood-look finish and Brick
Condition of BathroomsSeparate glass-enclosed baths and showers; Several 5.5 with 2 bathrooms
Environmental ReportEnvironmental assessments completed
Floor CoveringFloating / Ceramic
Income & Expenses

Revenue

yearly
Residential $1,138,428
Affordable res.
Commercial $66,395
Lockers
Parking
Laundry
Total revenues $1,204,823
Vac. / Bad debt $48,193
EGR $1,156,630

Expenses

Calc. yearly
Administration Normalised $57,832
Municipal Taxes Current $128,622
School Taxes Current $8,294
Insurance Current $23,736
Electricity Current $11,242
Heating Current $13,656
Snow Removal Current $8,623
Elevator Current $3,500
Lawn Current $1,276
Structural reserve
Janitor Normalised $19,200
Maintenance Normalised $33,600
Appliances Current
WiFi Current $2,000
Heat pump Current
CHMC: Other Costs Normalised $11,566
Air conditionning reserve Current $8,740
Total expenses $331,887
Net Revenue $824,743

Financing

Maximum loan amount $15,023,234
Financing CAP 4.67 %
Debt coverage ratio 1.1
Interest Rate 4.0 %
Amortization 40 Years
Term 5 Years

Treasury

Net Revenue $824,743
Annual Mortgage Cost $777,792
Net cash after mortgage $46,951
RETURN ON INVESTMENT
Down Payment $5,476,766
Cash on cash return 0.9 %
Return on liquidity + capitalization 3.8 %
Return on liquidity + cap. + appreciation 11.3 %

Indicators

CPU
427 100 $
GIM
17
NIM
24,9
CAP
4 %
Rent roll

To see the detailed rent rolls of this building, you need to be connected.

Samuel Lapointe
Samuel Lapointe
Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
450-512-7859 samuel.lapointe@pmml.ca
Jessika Anne Ledingham
Jessika Anne Ledingham
Team Samuel & Jessika
Senior VP
|
Real Estate Broker | PMML Partner
514-549-8531 jessika-anne.ledingham@pmml.ca
Property Photos
The remarks, descriptions, characteristics and financial projections contained in this document are for information only and should not be considered official. The information contained herein comes from sources we believe to be reliable, but for which we cannot guarantee the accuracy. It is the buyer's responsibility to check everything and to declare themselves satisfied or dissatisfied with it during the due diligence process following an accepted promise to purchase.
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