Investment Opportunity: Two Tenanted Medical Properties in Greater Montréal (Receivership SISP)

PricewaterhouseCoopers Inc., in its capacity as Court-appointed Receiver, is conducting a Sale and Investment Solicitation Process (“SISP”) alongside PricewaterhouseCoopers Corporate Finance Inc. (the “SISP Advisor”) for two purpose-built, single-tenant, high-quality medical buildings strategically located in Brossard and Boucherville, Quebec.

The first property is a two-storey standalone building located at 55 Boulevard Marie-Victorin, Brossard, QC. It is strategically positioned along Highway 132 near the Champlain Bridge, offering excellent accessibility. Built in 2013, the building spans 8,614 square feet and has an appraised value of $3.8 million (as of 2022).

The second property is a second-floor office condominium located at #203 – 1052 Rue Lionel-Daunais, Boucherville, QC, in the heart of Boucherville’s core commercial area. Built in 2007, the property comprises 3,215 square feet and has an appraised value of $1.3 million (as of 2022).

Both properties benefit from stable, long-term tenancy, secured under 5-year leases expiring in 2030, each with two additional 5-year renewal options, ensuring predictable cash flow and tenant continuity. The buildings are zoned for commercial use.

Interested investors can gain access to additional information by contacting the SISP Advisor, Eric Lemay at [email protected] or Francois-Philippe Gagnon at [email protected]. All inquiries relating to the Insolvency Proceedings should be made to the Receiver to the attention of Eric Tadros ([email protected]).