Baron Realty is pleased to present an outstanding investment
opportunity with 3345 Boulevard Cartier West. This property, constructed in 1976, has been meticulously owned and managed by the same proprietor since 1986. Tenants are responsible for their electric heating and hot water expenses, and they supply their own appliances, which contributes to operational efficiency.
The potential for rental growth is substantial, with an almost 80% upside based on the Baron Realty Rental Survey. The environmental report is up to date , Phase I report dated from October 2022.
The unit mix is highly attractive, comprising 4 units of 3.5, 23 units of 4.5, and 3 units of 5.5. Added to this, the property boasts 32 exterior parking spots. Situated on a generous lot of over 28,000 square feet, the building’s roof was re‐ratted in 2006, upto‐ date piezos. The property's location in Chomedey, Laval, a neighborhoodnoted for its high population density, exceptionally low vacancy
rates, and diverse multicultural renter base, is a key selling point. The convenience of public transit access and the proximity to essential amenities like restaurants, grocery stores, schools, and places of worship, contribute to its Walk Score of 73. In terms of demographic appeal, the area has witnessed a robust
population growth of 4.3% from 2017‐2022 and anticipates further growth of 5.1% from 2022‐2027. Median age of residents is a stable 44.9, with a high proportion of rented dwellings at 61.0%, and an average household income of $70,853 2.
Please note, financing will need to be arranged by the buyer.