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: 94
- Floors: 2
- Asking price: $9,400,000.00
- Heating: Gas
- Hot water: Gas
- Land: 2,570.1 m² (17,916 ft²)
- Building size:
- Building floor area:
- Parking: 92 indoor spaces
- Year built: 1976 - 1978
|Land area:||1,664.50 m²
|Building size:||83.7 ft x 112 ft||83.5 ft x 111.9 ft|
|Floor area:||7,471 ft² per floor||7,464 ft² per floor|
|Unit Mix:||10 x 3.5
9 x 4.5
|10 x 3.5
9 x 4.5
|Land area:||2,570.10 m²
|Building size:||60 ft x 225 ft||134.8 ft x 69.4 ft|
|Floor area:||13,509 ft² per floor||9,367 ft² per floor|
|Unit Mix:||16 x 3.5
16 x 4.5
1 x 5.5
|1 x 2.5
11 x 3.5
11 x 4.5
Rare opportunity to own 94 units with incredible upside in the Ville Saint Laurent market. Easy-access to Hwy 15, Hwy 40 and Hwy 13 and direct access to Du College Metro Station via bus 202. Large and bright apartments in clean and professionally managed buildings. Excellent location near all services with a Walk Score of 72 (source Walkscore.com). Close to several employment hubs. The neighbouring properties are smaller plexes. The buildings are built between 1976 and 1978 as per the city of Montreal.
Significant upside in rents. The average rents in place as of January 2018 are: $580 for the 2.5, $635 for the 3.5 and $693 for the 4.5 and $410 for the 5.5. Heat & water are included in the rents. Heating is via older, less efficient furnaces offering savings on replacement. 92 underground parking stalls offer a substantial opportunity to add additional revenue. Many current tenants have their own washing machines-opportunity for correction. The roofs have been well maintained, with additional gravel added as needed. Heating and hot water are gas (owner paid), the tenants pay their own electricity.
This part of the city has seen exceptional population growth, estimated at a phenomenal 12.0% from 2012-2017 and has forecast population growth of 8.0% from 2017-2022. The median population age is excellent at 37.1 years old. Strong household average income estimated at $77,428 for 2017 (source Tetred, 1 Km radius). With 4,600 different companies and 105,000 jobs, this borough of Ville Saint Laurent is the second most important in Montreal for employment after downtown Montreal (source of information, Ville de Montréal, arrondissement de Saint-Laurent).