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.
|Land:||344.9 m² (3,712.47 ft²)|
New on the market, 13 unit Multi-family property, electric heat (paid for by the tenants) and hot water is gas (paid for by the landlord). Excellent location on Des Carrieres street. Located in the Quadrant of Avenue De Lorimier, Boulevard Rosemont, D’Iberville Street and Masson street. Near 2 Metro stations (Rosemont station on the Orange line and D’Iberville station on the blue line). A walk to all the services for the tenants with a perfect Walkscore of 91% (note 1). Many renovations done including: White membrane roof, flashing, new boiler and hot water tank, repair to the skylights, changing of the front balconies, repairs to the brick joints in front and in the rear, silicon of the windows, installation of camera system, master key locks, ceramic work, faucets, levelling of the garage floor, hallway painting, changing of the hallway lighting, photocell lighting, gravel in front of the building, the entrance lighting. The building is in excellent condition. Environmental reports available from 2013-2014. 4 car parking in the garage, 4 large lockers in the basement. The average rents are 2 ½ for $566 / month, 3 ½ for 632$ / month and 4 ½ for 710$ / month. Very well managed and potential to increase the current rents in place.
|Land:||516.70 m² (5,561.71 ft²)|
New on the market. The perfect building in the Rosemont/Petite-Patrie market. In excellent shape. Many recent renovations done in the recent years including the changed windows, the balcony doors , the garage door, the electric panels are with breakers. The hot water tanks are individual tanks. The kitchens and washrooms have been renovated, the apartment entrance doors have been changed, recent masonry work done as well as the tar roof has been changed in 2013. Easy access to Metro PIE-IX and Metro Viau via one bus. Near the Botanical Garden (Jardin Botanique). Good potential, the electric meters are individual yet the owner pays for many of the meters (17 units out of 23) so there is potential to change this in the future and increase the net income in place. Great population growth forecasted in the area, 2.7% for 2015-2020 (note 1). Close to all the services. A great opportunity to acquire the perfect building in Rosemont. Phase 1 report available from August 2011.
|Land:||2,153.00; 2,177.90; 1,980.90 m² (23,174; 23,442; 21,322 ft²)|
New on the market. The perfect location. 3 buildings, 102 total units. Has been managed by the same family from construction. The units are (8 X 2 ½ , 38 X 3 ½, 56 X 4 ½). Many renovations done in recent years including: windows, balcony doors, brick work, gas furnaces. The location is fantastic. A walk to Du College Metro Station, close proximity of Cegep Saint Laurent and Vanier College. Located between the Boulevards: Boulevard Decarie, Boulevard Cote Vertu, Boulevard Alexis Nihon and Highway-40. Walk score of 84% (note 1). Very strong population growth in this part of the city with estimates of 9.0% population growth from 2011-2016 and 6.1% from 2016-2021 (note 2). The rents in place offer a lot of upside with the average rents in place being at: 445-455 Marcel-Laurin: $569 (2.5), $702 (3.5), $815 (4.5). 575 Marcel-Laurin: $605 (small 3.5), $725 (large 3.5) , $815 (4.5). 595 Marcel-Laurin: $578 (2.5), $716 (3.5), $807 (4.5). Potential to increase the rents in place. Great opportunity to acquire 3 buildings at the same time.
|Land:||317.00 m² (3,412.16 ft²)|
New on the market. The perfect location. 23 units for sale in Ville-Marie, adjacent to Plateau-Mont-Royal. A walk from Park Lafontaine and Notre-Dame Hospital. 23 units (12 X 1 ½, 3 X 2 ½ and 8 rooms ). Near Sherbrooke Metro Station, a walk from all the services for the tenants, walk score of 95% (note 1). In great condition. The same owner has managed the building since 1998. This part of the city, very strong demographically, population growth estimated at 6.5% from 2015-2020, median age of 35.4 (note 2). Updates include: Roof: 2003, 4 electric meters installed in 2011 (5 total electric meters in the building) , 19 electric panels with breakers installed in 2008. The units rented furnished. Owner pays the electricity, heat (electrical heating) as well as hot water (oil). Great rental area. Easy to rent in this location. The average rent in place is: 1 ½s rented at an average of 541.25$ / month, 2 ½s at 650$/month, rooms at at $450.63 / month. Rented with heat, hot water , electricity , furniture included.
|Land:||755.40 m² (8,131.06 ft²)|
New on the market. The perfect 30 unit building (30 X 1 ½ units). A walk from all the services, with a walk score of 94% (note 1). In excellent condition, many recent renovations done by the current owners including: Roof and flashing, doors and windows, hot water tank, all the electric panels are with breakers, kitchens and bathrooms renovated. Environmental reports available from 2010. The units are rented furnished. The owner pays the heat (electrical heating) as well as the hot water (gas), each apartment has its own electric meter, thus the electricity responsibility could be transferred to the tenants in the future for the new rentals. There is an existing loan in place, insured by CMHC. The average rent in place is not very high, rented at $543.50 / month, rented with heat, hot water , electricity , furniture included.