2800 Avenue D’Orleans

In the current environment of high interest rates, it's essential for real estate investment properties to undergo thorough analysis to ensure their future success for investors. 2800 Avenue D’Orleans stands out as a particularly promising investment due to three key attributes:

1 - There is a remarkable potential for increasing the current rents, with calculations indicating an upside of over 50%.

2 - Since 2011, the property has been attentively maintained and managed by the ownership group. They have ensured it remains clean, well-maintained, and consistently rented to stable tenants.

3 - The location is outstanding, boasting a Walk Score of 91% (note 2) . It is in close proximity to downtown Montreal and, crucially, within walking distance of two Green line STM Metro Stations: PIE-IX and Joliette.

This presents an exceptional opportunity to acquire 16 units in the Mercier – Hochelaga Maisonneuve borough. The gas furnace was updated in recent years, enhancing the property's appeal. With a high Walk Score, tenants have the luxury of easy access to all services and two Metro stations, eliminating the need for a car for daily errands.

Additional attractions include being a short walk from the Olympic Stadium, the Planetarium, and Montreal’s Botanical Garden. The current average rents are $843 for 3.5 units and $952 for 4.5 units, whereas Baron Realty’s rental market survey estimates potential rents of $1,275 per month for 3.5 units and $1,450 for the basement 4.5 unit.

(1) Source Tetrad

(2) Source Walkscore.com

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