Income Property Real Estate Agency
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.
Residential units: 8
Floors: 3
Asking price: $1,125,000.00
Gross revenues: $82,260.00
Net income: $59,047.59
Cap rate: 5.25%
Heating: Electric
Hot water: Electric
Land: 327.7 m² (4,011.70 ft²)
Parking: 6 outdoor
New on the market, 8 unit Multi-family property, electric heat and hot water paid for by the tenants. Excellent location on Sicard Street, south of Street Ontario East, a walk to Marché Maisonneuve and to all the services. Large units, 6 X 5 ½ units and 2 X 4 ½. 6 X exterior parking spots. This sector of the city is in great population growth. Walkscore of 89% (note 1), estimated population growth between 2015-2020 of 6.1%, median age of 36.2 (note 2). Tons of renovations done including: Roof, flashing, electric conversion for heating and hot water, new water lines for the hot water and cold water from the hot water tanks in the basement to the units, installation of baseboards in units with wall thermostat, electric panels with breakers, master key system, balcony rails and balconies changed in front, hallways painted , photocell lighting. This property is in great condition. Phase 1 environmental report available from June 2009.
Residential units: 13
Floors: 3
Asking price: $2,475,000.00
Gross revenues: $147,420.00
Net income: $84,144.37
Cap rate: 3.4%
Heating: Gas
Hot water: Gas
Land: 511 m² (5,500.36 ft²)
Parking: 2 indoor, 1 outdoor
Multi-family building for sale. 13 large units, located in the phenomenal location of the borough of Outremont. Walking distance from all services for the tenants, including a few minutes’ walk to Outremont metro station and University of Montreal's "MIL" Campus. A Walkscore of 96%. The building is in excellent condition with numerous recent upgrades. Roof redone in 2009, electrical entry and electric panels in 2009, new furnace in 2011, brickwork in 2012 and 2014, new water tank 2016, main water entry and some risers in 2016, and emergency staircase in 2014. Strong potential for rental increases. The average rent in place is $921.15 (heat hot water included).

To sell or buy an apartment building, contact us:

Check out our

latest properties