514-932-9000 | 416-637-6007
Income Property Real Estate Agency
  • Residential units: 94
  • Floors: 2
  • Asking price: $9,400,000.00
  • Heating: Gas
  • Hot water: Gas
  • Land: 2,570.1 m² (17,916 ft²)
  • Parking: 92 indoor spaces
  • Year built: 1976 - 1978
  1 2
Land area: 1,664.50 m²
17,916 ft²
1,407 m²
15,146.98 ft²
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
Year built: 1978 1978
Parking: 18 18
# Units: 19 19
Unit Mix: 10 x 3.5
9 x 4.5
10 x 3.5
9 x 4.5
  3 4
Land area: 2,570.10 m²
27,664.33 ft²
2,166.50 m²
23,320.01 ft²
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
Year built: 1977 1976
Parking: 34 33
# Units: 33 23
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).

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