Established Multi-family building in the City of Lachine, a few minutes drive from downtown Montreal (Provost Street just off 32nd Avenue). Excellent location near all services with a Walk Score of 74 (note 3). Easy access to Highway 20 and a walk to Les Galeries Lachine mall. Direct access to bus routes 191, 491, 195, and 495 (route 191 connects to Lionel-Groulx METRO station). Close to several employment hubs.
Fully rented, large and bright units with lots of upside in rents. The average rents in place as of July 2018 will be:$490 for the 1.5, $645 for the 3.5 and $755 for the 4.5. Recent updates / renovations include: elevators (update compliant to RBQ requirements), 22 out of 36 units in-suite updates including kitchen (ceramic, backsplash, new counters, new kitchen ceramic flooring), chimney brick (80% replaced), furnace and hot water tank (high efficiency, December 2013, still under warranty for parts). The bathrooms are older but in good shape. No basement units. The neighbours across the street are small plexes. Heating and hot water are gas (owner paid).
This part of the city has seen steady population growth, estimated at 3.6% from 2011-2016 and has forecast growth of 3.2% from 2016-2021. The median population age is moderate at 41.0 years old. Strong household average income of $71,917 for 2016 estimates (Note 1) .