514-932-9000
Income Property Real Estate Agency
Residential units: 14
Floors: 3
Asking price: $2,175,000.00
Gross revenues: $121,104.00
Net income: $75,193.43
Cap rate: 3.46%
Heating: Electric
Hot water: Electric
Land: 431.10 m² (4,640.21 ft²)
Parking: None
Multi-family building for sale. 14 units (14 X 4 1/2s) located in Outremont. Phenomenal location, in the borough of Outremont. Walking distance from all services for the tenants, including a few minute's walk to Outremont metro station. The same owner has held the property since 1979. The heat and hot water are electric and are paid for by the tenants. The building is in excellent condition. The rents in place offer tremendous potential for increase with the average rent at only $721 / month (30% below the market average). The hot water tanks are all in the basement. The environmental reports are up to date and are available. No loan to be assumed. The owner provides no appliances to the tenants.
Residential units: 13
Floors: 3
Asking price: $1,895,000.00
Gross revenues: $143,376.00
Net income: $87,265.59
Cap rate: 4.61%
Heating: Gas
Hot water: Gas
Land: 667.3 m² (7,182.58 ft²)
Parking: 6 indoor
New on the market, 13 unit Multi-family property, gas heat and hot water (paid by owners), located in a prime location of Côte-des-Neiges. Near the effervescence of Côte-des-Neiges Street. Between the Jewish General Hospital and St-Mary’s hospitals, near CHU Sainte-Justine hospital, walking distance from Côte-des-Neiges Metro Station and the University of Montreal. Owned and maintained by the same family since 1994. Large units (10 X 4 ½ – 3 X 3½). The owners have done many updates and renovations including: Brand new furnace (2016), recently updated hot water heater, new electrical main entry, the electrical lines redone until the electric panels inside the units. Electric panels are with breakers. There is no mortgage to assume. This property is in great condition. Phase 1 environmental report available from September 2016.
Residential units: 13
Floors: 3
Asking price: $1,150,000.00
Gross revenues: $91,176.00
Net income: $54,042.48
Cap rate: 4.7%
Heating: Electric
Hot water: Gas
Land: 485.00 m² (5,217 ft²)
Parking: None
New on the market.  13 unit Multi-family property, electric heat paid by the tenants and hot water is gas paid by the landlord, located in a prime location, on Decarie Boulevard ideally situated between 4 Metro Stations (Namur, Plamondon, CoteSainte-Catherine and Snowdon). It is a walking distance from Plamondon Metro Station. The bedrooms are extremely large, each bedroom can easily support 2 double beds inside. Owned and maintained by the same family for the last 33 years. The owners during their ownership have done many updates including: The roof and roof soffit, exterior doors and windows have been changed, fiberglass balcony floors, balcony hand railing, garage door. There is no mortgage to assume.  The electric panels are some with breakers others with fuses. The property shows very well.
Residential units: 16
Floors: 3
Asking price: $2,160,000.00
Gross revenues: $152,512.00
Net income: $106,030.40
Cap rate: 4.91%
Heating: Electric
Hot water: Electric
Land: 605.40 m² (6,516.47 ft²)
Parking: 1 outdoor
New on the market. 16 unit Multi-family property, electric heat and hot water, located in a prime location of Côte-des-Neiges. Near the effervescence of Côte-des-Neiges Street. Between the Jewish General Hospital and St-Mary’s hospitals, near CHU Sainte-Justine hospital, walking distance from Côte-des-Neiges Metro Station and the University of Montreal. Owned and maintained by the same family for the last 18 years. Large units (10 X 4 ½ – 6 X 3½). The owners during their ownership have done many updates, renovations including: Exterior doors and windows have been changed, fiberglass balcony floors, roof (2010). There is no mortgage to assume. The electric panels are with breakers. This property is in great condition and is fully rented.
Residential units: 22
Floors: 3
Asking price: $1,850,000.00
Gross revenues: $144,480.00
Net income: $76,767.79
Cap rate: 4.15%
Heating: Gas
Hot water: Gas
Land: 306.50 m² (3,297.45 ft²)
Parking: None
22 unit apartment building for sale in Montreal, in the borough of Plateau-Mont-Royal. In excellent condition. Fantastic location , between Avenue Laurier East and Boulevard Saint Joseph East. A 5 minute walk from Laurier Metro Station. No loan to be assumed. The owners have done a lot of updates here including: Roof (2013), main entrance door (2011), balconies (2015/2016), alarm system (2011), lighting of the hallways and common areas (2015) many of the units, doors of the balconies as well as the windows on the side of the building changed in recent years, the rest of the windows and balcony doors were changed by previous owners. All the electric panels are with breakers. The units are 19 X 2 ½ (closed bedrooms), 3 X 1 ½. All services are walking distance for the tenants. The borough of Plateau Mont Royal is the most densely populated borough of the 19 boroughs of Montreal. The heating and hot water are gas, paid for by the landlord. Excellent potential in the rents with the average 1 ½ rented at $365 per month, the average 2½ at $568. The property was bought in 2005.

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