514-932-9000
Income Property Real Estate Agency
Residential units: 38
Floors: 3
Asking price: $3,200,000.00
Gross revenues: $307,300.00
Net income: $175,641.00
Cap rate: 5.49%
Heating: Gas
Hot water: Gas
Land: 2,949.30 m² (31,729 ft²)
Parking: 16 indoor, 12 outdoor
Multi-family building in excellent condition with many renovations done in recent years including the roof, the flashing, the high efficiency furnace, the hot water tank, most of the plumbing, most of the risers. The property built in 1959 is located in the city of Dorval. 2 buildings of 19 units sold together for 38 units total. Excellent unit mix , (1 X 2 ½, 13 X 3 ½ , 23 X 4 ½, 1 X 5 ½). The heating and hot water is gaz (owner paid) All the electric panels are with breakers. The average rents are: (2½ for $480 , 3½ for $593, 4½ for $692, 5½ for $715).
Residential units: 17
Floors: 3
Asking price: $2,050,000.00
Gross revenues: $161,424.00
Net income: $91,467.00
Cap rate: 4.46%
Heating: Gas
Hot water: Gas
Land: 859.30 m²  (9,245 ft²)
Parking: 4 indoor
New on the market. Multi-unit property located in Cote-Des-Neiges, on Saint Kevin Avenue facing Mackenzie King Park. A mere 10 minute walk to the Jewish General Hospital and Saint Mary’s Hospital. The property is in excellent condition with many updates, renovations done by current owner (see annexed sheet). Professionally managed. Same owner since 1973. A few blocks from two Metro Stations (Cote-Sainte-Catherine and Snowdon). Excellent sized units. New furnace installed a few years ago. All the electric panels are with breakers. All the units are rented. South East corner of Westbury Avenue. Bright units.
Residential units: 29
Floors: 5
Asking price: $9,500,000.00
Gross revenues: $618,720.00
Net income: $460,900.00
Cap rate: 4.85%
Heating: Electric
Hot water: Electric
Land: 431.20 m² (4,639 ft²)
Parking: None
New on the market. Multi-unit property located in the heart of Milton Parc (McGill Ghetto) one of the top rental locations in the city. Easy access to every single service needed for the tenants, including the close proximity by 2 blocks to McGill University. Owned and maintained by the same owners since 2004. Excellent unit mix. (2 X 2½, 6 X 3½, 7 X 4½, 10 X 5½, 4 X 6½). All the bathrooms were renovated by the current owners. The heating and hot water are electric paid for by the tenants. There is no mortgage to assume, the property sold as free and clear. Major expenses done for the elevator and the elevator cabin 2 years ago. This property is in great condition. Web site of the property : http://www.lorneapartments.ca/
Residential units: 7
Floors: 3
Asking price: $885,000.00
Gross revenues: $67,320.00
Net income: $42,140.00
Cap rate: 4.76%
Heating: Electric
Hot water: Electric
Land: 596.80 m² (6,421 ft²)
Parking: 2 indoor
Multi-unit property located in Montreal-West, in one of Montreal's wealthiest neighbourhoods (average household income for private dwellings from 2006 census was $135,000). There are very few competing rental dwellings in Montreal West. The property is in great shape. Many renovations done throughout the years (including the balconies, a lot of the plumbing, electric panels with breakers, roof redone in 2011). Electric heating/ hot water (paid for by the tenants). A mere 10 minute walk to the STM Montreal-West train station. 6 X 4½ units, 1 X 2½ unit and 2 garages. No loan to assume.
Residential units: 17
Floors: 3
Asking price: $1,280,000.00
Gross revenues: $119,040.00
Net income: $70,053.00
Cap rate: 5.47%
Heating: Electric
Hot water: Gas
Land: 472.3 m² (5,081 ft²)
Parking: 4 indoor
This multi-unit property built in 1962 is located in the borough of Rosemont/Petite-Patrie. A walk away from all the services for the tenants. A few blocks to the South of Saint Michel Metro Station. Excellent unit mix , (10 X 4½, 4 X 3½ , 3 X 2½). The heating is electric (tenant paid), the hot water is gas (paid by the owner). All the electric panels are with breakers. The roof was redone in 2012. Low rents in place. The average rents are: (2½ for $410 , 3½ for $526, 4½ for $630).

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