514-932-9000
Income Property Real Estate Agency
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.
Residential units: 35
Floors: 3
Asking price: $2,695,000.00
Gross revenues: $255,780.00
Net income: $144,731.36
Cap rate: 5.37%
Heating: Gas
Hot water: Gas
Land: 1,042.60 m² (11,216 ft²)
Parking: 8 outdoor
35-unit apartment building for sale in Montreal, in the borough of Ahuntsic/Cartierville. In excellent condition. Well located, on Henri Bourassa East, a 10-minute bus ride away from the Henri Bourassa metro station with STM bus 69. Many renovations were done in recent years including: soffits and balcony rails in 2013, balcony doors and windows in 2003, roof and roof flashing in 2004, balcony in fiber glass in 2007, hot water tank in 2012, main entrance (door and windows) in 2010. The units are 26 X 3 ½, 4 X 4 ½ and 5 X 1 ½. 8 parking spots are available in the rear but parking lot to be asphalted as recent decontamination work completed. Many services are walking distance for the tenants. The heating and hot water are gas, paid for by the landlord. Excellent potential in the rents with the average 1 ½ rented at $465 per month, the average 3½ at $600 and the average 4½ at $726 per month. Same owners since 20 years.
Residential units: 17
Floors: 4
Asking price: $2,400,000.00
Gross revenues: $189,280.00
Net income: $106,559.25
Cap rate: 4.44%
Heating: Gas
Hot water: Gas
Land: 469.19 m² (5,047.73 ft²)
Parking: 2 outdoor
17 unit apartment building in excellent shape. Located in Shaughnessy Village, one of the most densely populated areas of Quebec. Between Atwater and Guy Concordia Metro Stations, a walk from Dawson College, Concordia University and College Lasalle. Owned and maintained by the same family for the last 34 years: Waterproofing / drainage / exterior entrance and stairs done in 2007-2008, roof (2005), gas furnace (2008), electrical work and panels with breakers (2009), alarm panel (2011), furnace for hot water tank (2013). The rents in place are at least 30% below market rents and offer a great potential for increase. 7 units out of 17 are vacant as of today. All the kitchens and bathrooms are dated i.e. older.
Residential units: 28
Floors: 3
Asking price: $3,995,000.00
Gross revenues: $268,115.76
Net income: $192,138.22
Cap rate: 4.81%
Heating: Electric
Hot water: Electric
Land: 2,167.00 m² (23,313.45 ft²)
Parking: 6 indoor, 12 outdoor
Multi-unit property of 28 apartments, all the units are large 4 ½s. The dividing floors are cement (note 1). A 20-minute walk away from the Bois-Franc train station. A five-minute walk away from all the services located on Gouin Boulevard West. The same owner since 1999. The heat and hot water are electric and paid for by the tenants. There is no mortgage to be assumed. The apartments are clean. The roof was redone in recent years. Great potential in the rents, it is a solid investment. It is a 1987 construction, which is a rare find for an apartment building on the island of Montreal. All the units have washer and dryer entry. The units are all rented, it is very well managed. A large land of over 23,300 sq. ft.
Residential units: 18
Floors: 3
Asking price: $1,275,000.00
Gross revenues: $131,496.00
Net income: $68,122.00
Cap rate: 5.34%
Heating: Gas
Hot water: Gas
Land: 759.5 m² (8,171 ft²)
Parking: 7 indoor

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