Income Property Real Estate Agency
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).
Residential units: 44
Floors: 3
Asking price: $3,050,000.00
Gross revenues: $299,460.00
Net income: $109,861.00
Cap rate: 3.6%
Heating: Gas
Hot water: Gas
Land: 21,925 ft²
Parking: 8 indoor, 15 outdoor
Multi unit property built in 1961, 44 units located in the city of Cote Saint-Luc, to the East of the Meadowbrook Golf Club. The unit sizes are : (3 X 1½ ; 4 X 2½ ; 23 X 3½, 13 X 4½ , 1 X 5½ ). Easy access to public transportation, bus 161 goes to the Metro station Plamondon. The rents in place are extremely low, average rent is $548 ( heat and hot water are paid for by the landlord).
Residential units: 0
Floors: 4
Asking price: $1,750,000.00
Gross revenues: $196,935.00
Net income: $89,289.00
Cap rate: 5.1%
Heating: Electric and gas
Hot water: Electric
Land: 930.70 m² (10012 ft²)
Parking: None
Office building for sale in the South West district, on Centre street, South of the Lachine Canal and of Griffintown. 2 blocks from the Charlevoix Metro Station. This is a part of the city that has many development projects around. The rents in place offer a great potential of increase as the average rent is for approximately $17 per foot.
Residential units: 33
Floors: 3
Asking price: $2,850,000.00
Gross revenues: $262,080.00
Net income: $150,233.00
Cap rate: 5.27%
Heating: Gas
Hot water: Gas
Land: 1,559.10 m² (16,773 ft²)
Parking: 12 indoor
New on the market. Multi-unit property located in NDG. Near the effervescence of Cote Saint-Luc Road. Owned and maintained by the same owners since 1988. Large units (17 X 3½ – 16 X4½). Most exterior windows have been changed. High efficiency furnace changed in 2011. The roof was partly done in 2000, the major portion of the roof redone in 2005. There is no mortgage to assume, the property is free and clear. This property is in great condition and respects all regulations of the city of Montreal. The average rents in place are low; 3½s are $566.71, 4½s are $706.

To sell or buy an apartment building, contact us:

Check out our

latest properties