Overview

Incredible opportunity for a reliable asset a walk to everything:  Jean Talon market, Jarry Park, 2 Metro Stations (Parc and Acadie), MIL Campus (University of Montreal), restaurants and services of Jean Talon Ouest and Little Italy. Great rental upside of 41% based on Baron Realty Rental Survey. Potential for increased net income if the hydro meter are sub-metered and billed to tenants in the future, currently there is 1 hydro meter for the entire building.

Built in 1963 and owned/managed by the same family since 1993, this solid asset has a great area unit-mix of 8 X 1.5, 16 X 2.5, 17 X 3.5, with indoor parking. Recent renovations include roof membrane, doors & windows, interior unit renovations, circuit breakers and plumbing upgrade to copper and pex.

Area population growth on a 1KM radius is an astounding 8.1% from 2016-2021 and estimated to grow at least 6.1% over the next five years, with the average population age of 38.3 years. Great current household income of $78,000 on a 1km radius along with a 43% projected increase in household income over the next 10 years.

Up to date Environmental reports and certificate of location are available. The property is sold free and clear; buyer can do own financing.

Contact us for more details info@baronrealty.ca

  • Units

    41 Residential Units

  • Floors

    4 + basement

  • Parking

    6 Interior Stalls

  • Gross Revenue

    $349,176

  • NOI

    $210,228

  • Heating

    Gas, paid by landlord

  • Hot Water

    Gas, paid by landlord

  • Land

    529.5 m²

  • Asking Price

    $4,995,000

Location

7445 Avenue De L’Épée

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Gallery