Are you looking for a unique investment opportunity? Discover a property offering 10 divided condos under one roof. Perfect for investors looking to maximize rental income or for those seeking a versatile real estate asset. Located in a desirable neighborhood, this property promises strong rental demand and significant appreciation potential. Don't miss out on this rare chance to invest in a potential high-yield, multi-unit property.
Sale without legal warranty of quality, at the buyer's risk and peril.
The building is under divided co-ownership regulations. The declaration of co-ownership, drafted in 1989, comprises 5 buildings totaling 50 units on 4,592 square meters of land.
The building for sale consists of 10 units, broken down into 4 units of 3½, 3 units of 4½, and 3 units of 5½.
- All units are currently rented. - Tenants pay their own utilities, including heating and hot water. - Each unit has its own dedicated parking spot. - Each unit above ground has washer and dryer hookups, while the basement apartments share a common laundry area in the basement.
About the Location:
This property has easy access to freeways and major arteries, with ample parking nearby. It is only a few minutes' walk to public transit and just a short drive to Carrefour Laval and a variety of shops within a few minutes' walk.
Building details and property interior
Year constructed
1989
Windows
Aluminum
Window Type
Sliding
Siding
Brick
Basement
6 feet and more, Finished basement
Lot and exterior features
Topography
Flat
Driveway
Asphalt
Parking (total)
Driveway (11)
Proximity
Highway, Park, Public transportation
Characteristics
Heating Energy
Electricity
Rented Equipment (monthly)
Water heater (10, 161)
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2020)
Lot assessment
$ 324,500
Building assessment
$ 1,176,900
Total
$ 1,501,400
Taxes
Municipal
(2024)
$ 14,287
School
(2024)
$ 1,145
Total
$ 15,432
Gross annual revenues (potential)
Residential
$ 107,076
Total
$ 107,076
Inclusions and exclusions
Inclusions
washer & dryer in the basement level, appliances that are mentionned in the leases
Exclusions
All the hot water tanks are rented, with the owners covering the monthly fees for two of them.