Revenue property for sale - Montréal (Rosemont/La Petite-Patrie)
$4,395,000  

6649 - 6657 Av. Christophe-Colomb, Montréal (Rosemont/La Petite-Patrie), La Petite-Patrie, Montréal

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Listing broker: Catherine Parent - Engel & Völkers ● # 20829727
2
1
11
4
1,207.7 mc
Unknown

Description

Excellent investment opportunity. This 22-unit property is fully leased, including 11 parking spaces. These 3 buildings are ideally located in the heart of Rosemont, a central and sought-after neighborhood, close to all essential services, numerous parks, and several public transit options. Beaubien metro station is only a 3-minute walk away. The property has been carefully maintained by the same owner for many years. Current rents are very competitive, below market rental values, offering excellent optimization potential.

Details

Water supply
Municipality
Heating energy
Natural gas
Proximity
Cegep
Daycare centre
Hospital
Park - green area
Bicycle path
Elementary school
Public transport
Parking (total)
Outdoor (11)
Sewage system
Municipal sewer
Zoning
Residential

EATURES

This property complex is composed of 22 units:

- 4 units of type 3 ½
- 18 units of type 4 ½

All units are currently rented and include 11 parking spaces. Heating are at the owner's expense.

The current gross annual revenue amounts to $265,644.

All leases are renewed and in effect until June 30, 2026.

MAJOR RECENT INVESTMENTS

2022: Replacement of 22 electrical panels (invoice of over $200,000 -- copy available upon request).

2020: Replacement of the three roofs.

2025: Replacement of the front and rear windows of units #16 and #17 (basement), scheduled for October at the seller's expense.

Real estate broker and advisor

Catherine Parent
Catherine Parent
Residential and Commercial Real Estate Broker (H4105)
Real estate agency (G7014)
ENGEL & VÖLKERS MONTRÉAL
Real estate shop ⬩ Outremont