Income Properties for Sale in Montreal
Baron has the most comprehensive listings of income properties for sale in Montreal. Our catalogue of apartment buildings includes properties in prime location. We assess a property’s value on more than just its appearance and location. When buying or selling income properties such as apartment buildings, it’s important to understand the big picture. Is there room to grow in the neighborhood? What attracts tenants to this area? Are their zoning policies that might affect the value of the property? These are just a few of the factors that we take into account.
With us, you not only get the asking price, our goal is to list the properties right, so that the buyer and the seller don’t waste time trying to figure out the right price. We also provide accurate return on investment calculations for our clients,the needed down payment to purchase,the cap rate, rental prices, potential upside in the rents, and perfect marketing material to help the buyers/investors truly understand and appreciate what they are buying.
Income property expertise
Baron Realty not only provides comprehensive listings, we also make sure that all of our investors are given access to our extensive expertise in Montreal’s income property world. Our years of experience on the ground is what sets us apart from the rest. We know exactly what you should expect out of an apartment building, where the best places to buy are, and what makes something appealing to investors, sellers, and tenants.
Baron Realty gives you the ability to see all of the details. This means that you get to see pictures, land dimensions, parking options, return on investment, similar properties sold, and the upside in the rents / expenses. We want to make sure you get the full picture before you make a decision.
With a focus on honesty, integrity, and in-depth knowledge of the industry, Baron Realty has become one of Montreal’s leading income property agencies. If you are looking for income properties for sale in Montreal, then you have come to the right place.
- Residential units: 36
- Floors: 04 + basement
- Asking price: $3,795,000.00
- Heating: Gas
- Hot water: Gas
- Land: 1,349.40 m² (14,524 ft²)
- Building size: 33.57 x Irr. m (110 x Irr. ft)
- Building floor area: 702.56 m² (7,562.32 ft²)
- Parking: 18 indoor spaces
- Year built: 1964
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) .