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Income Property Real Estate Agency
4400 - 4420 AVENUE BARCLAY Interested, more information please
  • Residential units: 15
  • Floors: 3
  • Asking price: $1,999,000.00
  • Heating: Electric (tenant paid)
  • Hot water: Electric (tenant paid)
  • Land: 786.90 m² (8,470.12 ft²)
  • Building size: 13.10 x 25.29 m (42.98 x 82.97 ft)
  • Building floor area: 0 m² (0 ft²)
  • Parking: None
  • Year built: 1950

Ideally located in Côte-des-Neiges near Plamondon Metro, University of Montreal, HEC Montreal, Walmart, and The Triangle, and serviced by numerous bus routes.

Exceptional market rents are being achieved in this sub-market, with CMHC reporting only a 2.0% vacancy as of October 2018, and average rents 30% above current rent roll. The building’s average rent is $707, while CMHC reports that as of October 2018 these same units should average at least $917 on average. Electric, Water, and Heat are sub metered to each tenant (except for the one 2 ½ unit).

The roof was replaced in 2017 and has a 15-year warranty. The brickwork on front façade and back wall was repointed in 2018. Electric panels are breakers. Hot water tanks are owned. Only three units are in the basement, where the laundry room and workshop/storage room is also located. Drain has been replaced in the basement of 4400 Ave Barclay.

The immediate location has seen strong population growth of 3.7% from 2013-2018, and has projected population growth of 1.9% estimated from 2018-2023. This area of Côte-des-Neiges has a median age of 35.4 years old and strong household average income of $53,753.(Source Tetrad, 1 Km radius)

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