514-932-9000 | 416-637-6007
Income Property Real Estate Agency
Residential units: 15
Floors: 3
Asking price: $2,200,000.00
Gross revenues: $152,628.00
Net income: $104,580.00
Cap rate: 4.75%
Heating: Electric baseboard
Hot water: Electric
Land: 603.7 m² (6,498.17 ft²)
Parking: None

In excellent shape and 100% occupied, this multi-family asset in the borough of Ville-Marie is just a few minutes from downtown Montreal and adjacent to two subway stations (Papineau and Beaudry). WalkScore of 97 (tenants have no need for cars - source Walkscore.com).
Large, bright, well maintained units with lots of windows. Average in place unit rents as of July 2018 are only $848 /month, indicating strong rental upside; tenants paying their own water, heat and hydro (breaker panel in each unit). Average rents by size are: $723 for the 3.5, $883 for the 4.5, $981 for the 5.5 and $985 for the 6.5.

Pride of ownership in maintenance and upgrades shows throughout - same owner since 1989. Recent updates /renovations: Unit 1817: kitchen & bathroom, Unit 1823: washroom, Unit 1801: full renovation, Unit 1455: bathroom, Unit 1451: full renovation, Unit 1461: bathroom, Unit 1465: washroom & kitchen, Unit 1801: full renovation. When renovated, units received newly crystalized & varnished floors. All but one tenant provides their own washer, dryer (in unit), and appliances.

This part of the city has seen excellent population growth, estimated at 7.1% from 2012-2017, and has forecast growth of 5.4% from 2017-2022. The median population age is young at 37.7 years old. Strong household average income of$57,465 for 2017 estimated (source Tetrad, 1 Km radius).

The 15 units are: 7 X 3 1/2 , 2 X 4 1/2 , 4 X 5 1/2 and 2 X 6 1/2

Residential units: 22
Floors: 3
Asking price: $3,100,000.00
Gross revenues: $229,416.00
Net income: $136,937.00
Cap rate: 4.42%
Heating: Gas
Hot water: Gas
Land: 1,421.90 m² (16,381 ft²)
Parking: 3 indoor, 3 outdoor

Established and 100% tenanted multi-family building in the borough of Cote-des-Neiges. Owned and managed by the same family since 1992. A short walk to all the services (walks score of 91, note 2). Two blocks to the South of Plaza Cote-des-Neiges. A walk to Plamondon Metro Station. The building is in great shape with many updates completed including the roof at 3900 Plamondon (2016), all new fiber glass balconies (2016-2017), brick and masonry work (2013), and a high efficiency furnace (2009).

Excellent unit mix with 10 X 3 ½, 8 X 4 ½, and 4 X 5 ½. Offers tremendous upside in the rents: average in place unit rents are only $739 / month (3 ½), $900 / month (4 ½), and $1,037 / month (5 ½) 5% - 10% below market rents. (Heat & hot water paid by landlord).

Bright and large units with lots of windows. Some kitchens and bathrooms have been renovated.

This part of the city has seen steady population growth, estimated at 5.2% from 2012-2017 and has forecast growth of 4.9% from 2017-2022. The median population age is young at 35.7 years old, perfect for the area’s job markets and the Universities found in the Cote-des-Neiges borough. Strong household average income of $74,478 for 2017 (note 1).

The Cote-Des-Neiges borough is home to many of Montreal’s landmarks and destinations, including: three major hospitals, Jewish General Hospital, Saint Mary’s Hospital, CHU Sainte Justine, Colleges Notre Dame, Jean de Brebeuf, The Oratoire Saint-Joseph, University of Montreal, HEC and many more destinations. Ease of transport and close proximity to downtown Montreal makes the Cote-Des-Neiges borough an easy choice for tenants to live in which is why with its 166,520 inhabitants on 21.4 sq. Km. the borough ranks as number 1 amongst Montreal’s 19 boroughs for population size.

Residential units: 94
Floors: 2
Asking price: $9,400,000.00
Gross revenues: $698,140.00
Net income: $364,093.00
Cap rate: 3.87%
Heating: Gas
Hot water: Gas
Land: 2,570.1 m² (17,916 ft²)
Parking: 92 indoor

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).

Residential units: 26
Floors: 4
Asking price: $2,000,000.00
Gross revenues: $164,400.00
Net income: $79,657.00
Cap rate: 3.98%
Heating: Gas / Electric (bi-energy)
Hot water: Gas / Electric (bi-energy)
Land: 441.40 m² (4,751 ft²)
Parking: 5 indoor

Established and 100% tenanted multi-family building in the borough of Parc-extension (Villeray-Saint-Michel-Parc-Extension). Just a few minutes drive from downtown Montreal, near Parc Metro Station and University of Montreal’s new Campus (“MIL”). Walking distance to Rockland Shopping Center, Jarry Park and Marche Central. Walkscore of 84 (source Walkscore.com).

The building offers tremendous upside in both the rents and heating: average in place unit rents are only $508 /month, indicating at least 16% upside in the rents to get to the average of the market. The average rents in place as of today are: $440 for the 1.5, $456 for the 2.5, and $537 for the 3.5 (heat & hot water paid by landlord). The heating in place (bi-energy, i.e. gas and hydro), is inefficient, thereby offering tremendous upside with a furnace conversion (current common area cost of $1,039 / unit / year for heat, hot water, and electricity).

Bright units as the building is a corner building with lots of windows. Recent updates / renovations: roof (2017), a lot of the plumbing is copper, many risers changed, all the electric panels are breakers. The bathrooms and kitchens are older, but in good shape. Same owner since 1990. This part of the city has seen steady population growth, estimated at 4.1% from 2012-2017 and has forecast growth of 3.4% from 2017-2022. The median population age is young at 36.6 years old, perfect for the proximity of the new University campus. Strong household average income of $73,911 for 2017 estimates (source Tetrad, 3km radius).

Residential units: 27
Floors: 3
Asking price: $2,449,000.00
Gross revenues: $237,193.00
Net income: $117,547.00
Cap rate: 4.8%
Heating: Gas
Hot water: Gas
Land: 773.9 m² (8,330 ft²)
Parking: 5 indoor

The perfect Multi-family building, on Van Horne Avenue. Owned by the same family since 1987. Excellent location. Walk score of 89 (note3). One block from Plamondon Metro Station as well as the Victoria / Van Horne shopping centre. A walk to the Jewish General hospital. A lot of upside in the rents. The in place residential and commercial rents are below market rents by close to 10%. Recent updates / renovations include: balcony doors, windows, balconies, mailboxes, roof, brick work, front entrance door, railings, electric panels, hot water tank, gas furnace. Many of the tenants have been here for many years, hence the bathrooms and kitchens are older in many of the units.

This part of the city has seen steady population growth, estimated at 2.8% from 2011-2016 and 2.9% from 2016-2021. The median population age is very young and vibrant at 34.4 years old (Note 1). The Cote-des-Neiges borough is home to many of Montreal’s landmarks, destinations including: 3 major hospitals, Jewish General Hospital, Saint Mary’s Hospital, CHU Sainte Justine, Colleges Notre Dame, Jean de Brebeuf, The Oratoire Saint-Joseph, University of Montreal, HEC and many more destinations. Ease of transport, proximity to downtown Montreal makes the Cote-des-Neiges borough an easy choice for the tenants to live in which is why with its 166,520 inhabitants on 21.4 sq. Km. this borough ranks number 1 amongst Montreal’s 19 boroughs for population size.

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