Income Property Real Estate Agency
Residential units: 24
Floors: 4
Asking price: $3,100,000.00
Gross revenues: $220,200.00
Net income: $141,302.00
Cap rate: 4.56%
Heating: Electric and Gas
Hot water: Electric
Land: 829.2 m² (8,925 ft²)
Parking: 5 outdoor

Multi-family building with elevator, in Prestigious New Bordeaux location. Right across Bois de Boulogne Cegep. It is a walk from the Bois-de-Boulogne train station. The building is in excellent condition. Many renovations done in recent years. The hot water is electric and paid for by the tenants. The heating is gas for 14 of the 24 units. 10 of the 24 units the heating is electric and paid for by the tenants.

This offers a great potential with time to convert all the heating to electric heating and save this gas utility cost and hence decrease this expense.

The unit mix is excellent: 5 X 3½, 15 X 4½, 4 X 5½. Some exterior parking spots available.

The rents in place offer a lot of potential for increase

This part of the city is in tremendous growth phase with the population growth estimated at 6.7% from 2012-2017
and 6.9% from 2017 – 2022 (Note 1)

Residential units: 13
Floors: 3
Asking price: $1,450,000.00
Gross revenues: $113,520.00
Net income: $73,014.58
Cap rate: 5.04%
Heating: Electric
Hot water: Gas
Land: 344.9 m² (3,712.47 ft²)
Parking: None
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.
Residential units: 0
Floors: 1
Asking price: $539,000.00
Gross revenues: $38,064.00
Net income: $38,064.00
Cap rate: 7.06%
Heating: Tenant paid
Hot water: Tenant paid
Land: 1,291.5 m² (13, 902 ft²)
Parking: 23 outdoor
Excellent opportunity for an investor to acquire a single tenant retail property fully leased to KFC on a long term basis. Corner location shadow anchored by Canadian Tire. Great frontage benefits from tremendous vehicular, walk-in traffic. Net,net,net carefree lease.Asking cap rate of 7.06%. Asking price below replacement cost. Excellent ROI. Net Lease: Note the lease began on November 10 2003. Completely net net net and carefree to the Landlord. Landlord is not responsible during the Term for any costs , charges, expenses or outlays of any nature arising from or relating to the Leased Premises or the ownership use or occupancy thereof, and the Tenant shall pay all such costs charges, expenses and outlays. Financing: None, to be purchased free and clear
Residential units: 23
Floors: 3
Asking price: $2,425,000.00
Gross revenues: $199,440.00
Net income: $115,473.54
Cap rate: 4.76%
Heating: Electric
Hot water: Electric
Land: 516.70 m² (5,561.71 ft²)
Parking: 5 indoor
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.
Residential units: 40
Floors: 4
Asking price: $3,450,000.00
Gross revenues: $327,108.00
Net income: $181,827.22
Cap rate: 5.27%
Heating: Gas
Hot water: Gas
Land: 1,355.90 m² (14,587.31 ft²)
Parking: 32 indoor
New on the market. 40 unit multi-unit property with an elevator and indoor parking, located in a great location. Fantastic condition. The renovations are: the windows, balcony doors, front balconies, emergency doors, emergency lighting, alarm system, the 2 driveways, exterior drainage, retaining walls, garage access secured with programmable access, plumbing (risers) redone, 16 out of 40 units totally renovated (including plumbing, kitchens and bathrooms), high efficiency furnace. Ideally located on Louis-Pare street, near 32nd Avenue. It is serviced by bus number 191 with Service to Lionel Groulx Metro Station. The unit breakdown is: (16 X 3 ½ , 24 X 4 ½). The heating and hot water are gas, are paid for by the owner. Large units. The average rents are : (3 ½: $588, 4 ½: $701) There is no mortgage to assume. The electric panels are with breakers.

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