Overview
Incredible opportunity to acquire a character-rich asset located in Outremont, a highly coveted location for investors renters alike. Close to 53% rental upside in residential rents, based on Baron Realty Rental Survey.
Built in 1929, and owned by the same owner since 1981, comprised of 16 residential and 2 commercial units (leased to long-term tenants). Recent updates include: roof, high-efficiency furnace, up-to-date piezos and hot water tank.
In the heart of one of the most upscale boroughs of Montreal, steps from the Outremont Metro station, a walk to all the services, this property features an ideal unit mix of all large 4 ½ suites. Many units leased at rents well below market.
Surrounded by the best public and private schools including campus MIL of Université of Montréal’s campus, the world-famous Vincent d’Indy Music Conservatory and College Stanislas. This area of Montreal has seen strong population growth of 6.6% from 2016-2021, and has a projected growth of 4.3% from 2021-2026, a low average median age of 36.6 and a phenomenal household income of $155,491 on a 1Km Radius (*).
Environmental reports up to date and available. Buyer to do own financing
* Source: Tetrad
Contact us for more details info@baronrealty.ca
Location
1565 Avenue Van Horne
* Click for larger view
Gallery
