Quintuplex for sale - Downtown
$1,275,000

1591 - 1595 Rue de la Visitation, Downtown, Central, Montréal

Listing broker: Gianluca Sonnessa - Engel & Völkers ● # 23851525

124.9 mc

1952

Description

Superb renovated income property located in a dynamic and booming area, just a few minutes' walk from the Beaudry metro station and the vibrant Sainte-Catherine Street with its many shops, cafes, restaurants, and services. This prime location, in the heart of the city, guarantees a lively neighborhood life and excellent accessibility to transportation, perfect for both investors and owner-occupants. The building currently offers 4 vacant units, providing an immediate opportunity for rental optimization or flexible occupancy options.

Details

Heating system: Electric baseboard units

Water supply: Municipality

Heating energy: Electricity

Equipment available: Wall-mounted air conditioning

Windows: Aluminum

Foundation: Poured concrete

Proximity: Highway; Cegep; Daycare centre; Hospital; Park - green area; Bicycle path; Elementary school; High school; Public transport; University

Siding: Brick

Sewage system: Municipal sewer

Window type: Sliding

Roofing: Elastomer membrane

Zoning: Residential

Addenda

The building comprises five apartments: two modern studios and three spacious 3 ½ room apartments, all meticulously renovated and fully furnished and equipped with appliances. These turnkey units represent a major asset for investors looking to maximize ease of management and attract a diverse clientele, including students, young professionals, and commuters.

One of the property's highlights is undoubtedly apartment #4, which boasts a private rooftop terrace, an exclusive and rare outdoor space in the area, offering real added value.

Currently, four apartments are vacant, opening the door to numerous possibilities:
*Ideal for an owner-occupant looking to establish a presence in a central location and generate additional income.
*Opportunity for investors to choose their own tenants and adjust rents to market rates, thus optimizing profitability.

Renting in this area is extremely easy thanks to its proximity to the metro, universities, hospitals, downtown, and all amenities. This five-plex combines the charm of urban living with the peace of mind of a renovated, ready-to-use building.

A rare opportunity to acquire a well-located, versatile, and strategically positioned income property in one of Montreal's most sought-after neighborhoods!