At the foot of Mount Royal, on a cul-de-sac, this spacious apartment with a large bedroom offers leafy surroundings close to Côte-des-Neiges amenities.

THE APARTMENT

Located on the second floor, it offers approximately 557 sq. ft. of living space, a large bedroom, a generous living and dining room, wood floors and a balcony.

The existing kitchen is functional. The space between the kitchen and bedroom offers potential for expansion and modernization, as done in other apartments in the building, subject to technical assessments and required approvals.

THE BUILDING AND NEIGHBOURHOOD

The 31-unit building features an elevator, laundry room, secure entrance and shared rooftop terrace with tables and chairs. A storage space is assigned to the apartment. Garage spaces may be rented, subject to availability; no parking is included.

Enjoy proximity to Mount Royal, Université de Montréal, major hospitals and Côte-des-Neiges shops.

Bus route 11 serves the avenue towards Mount Royal Park, the Plateau and La Fontaine Park. Route 165, on Côte-des-Neiges Road, provides connections to downtown and Côte-des-Neiges metro station.

MONTHLY FEES AND IMPROVEMENTS

Monthly fees of $419 include heating, hot water, municipal and school taxes, building insurance and common-area maintenance. An additional special assessment of $101 per month applies until March 31, 2027, according to the budget, bringing the monthly total to $520. Electricity for the apartment is separate.

The corporation has an asset management plan. Major work completed in recent years includes masonry repairs to the front, rear and west façades, the penthouse roof, skylights and fire safety improvements. The future buyer will benefit from these upgrades.

The obligations under Bill 16 specific to divided co-ownership do not apply to this ownership structure. This does not prevent sound management of the property.

SHARE PURCHASE

The buyer acquires shares in 3380 Av. Ridgewood Inc., granting the exclusive right to occupy apartment 204, and becomes a shareholder in the corporation that owns the building.

No mortgage can be registered against the apartment. The shares must be paid in full upon transfer. This particularity translates into a lower purchase price than that of a comparable apartment under a traditional condominium ownership structure.

Once the buyer and seller agree on the price and terms, the board of directors meets with the buyer, explains the occupancy rules and sets the transfer date. The transfer takes place between the seller and buyer, with the board's approval and using the documents provided by the corporation.