$1,079,000
ULS: 18761544
5-6-7-Plex for sale - Montréal (Villeray/Saint-Michel/Parc-Extension) (Saint-Michel)
7453 Boul. Pie-IX, Montréal (Villeray/Saint-Michel/Parc-Extension) (Saint-Michel)
Sale without legal warranty of quality, at the buyer's risk and peril.
Addendum
Sixplex for Sale - 7453 Pie-IX, Montreal
An exceptional investment opportunity in a rapidly expanding area of Montreal. This sixplex, located on Pie-IX Boulevard, offers attractive rental income potential, making it ideal for both novice and seasoned investors.
Property Features:
Address: 7453 Pie-IX, Montreal, QC.
Property Type: Residential Sixplex.
Number of Apartments: 6 units, each a 3 1/2.
Condition of Units: 3 out of the 6 apartments have been recently renovated, offering modern comfort while retaining the property's original charm.
Living Space: Each unit features a well-designed and bright living area, perfect for tenants seeking a practical and well-located residence.
Investor Advantages:
Solid Rental Income: This sixplex enjoys an excellent occupancy rate with stable rental income. Recent renovations in half of the units allow for increased rent, optimizing overall returns.
Strategic Location: Situated on the main artery of Pie-IX, this property is close to essential services, public transportation, shops, and approximately a 15-minute walk from the new metro station, ensuring a consistent demand from renters.
Value-Add Potential: With three renovated units, there is significant potential to add value by renovating the remaining three apartments, which could substantially increase the property's value and rental income.
Flexibility for Investors: This property is suitable for both beginner and seasoned investors, offering relatively simple management and attractive returns.
Conclusion: This sixplex presents a rare opportunity to acquire a well-located property with strong income potential. Whether you're a first-time investor looking to take your first steps in real estate or an experienced investor seeking a strategic addition to your portfolio, this property is worth your attention.
An exceptional investment opportunity in a rapidly expanding area of Montreal. This sixplex, located on Pie-IX Boulevard, offers attractive rental income potential, making it ideal for both novice and seasoned investors.
Property Features:
Address: 7453 Pie-IX, Montreal, QC.
Property Type: Residential Sixplex.
Number of Apartments: 6 units, each a 3 1/2.
Condition of Units: 3 out of the 6 apartments have been recently renovated, offering modern comfort while retaining the property's original charm.
Living Space: Each unit features a well-designed and bright living area, perfect for tenants seeking a practical and well-located residence.
Investor Advantages:
Solid Rental Income: This sixplex enjoys an excellent occupancy rate with stable rental income. Recent renovations in half of the units allow for increased rent, optimizing overall returns.
Strategic Location: Situated on the main artery of Pie-IX, this property is close to essential services, public transportation, shops, and approximately a 15-minute walk from the new metro station, ensuring a consistent demand from renters.
Value-Add Potential: With three renovated units, there is significant potential to add value by renovating the remaining three apartments, which could substantially increase the property's value and rental income.
Flexibility for Investors: This property is suitable for both beginner and seasoned investors, offering relatively simple management and attractive returns.
Conclusion: This sixplex presents a rare opportunity to acquire a well-located property with strong income potential. Whether you're a first-time investor looking to take your first steps in real estate or an experienced investor seeking a strategic addition to your portfolio, this property is worth your attention.
Building details and property interior
Dimensions
40' X 34' irr.
Year constructed
1953
Windows
Aluminum
Window Type
Sliding
Roofing
Asphalt and gravel
Lot and exterior features
Lot size
50' X 82' irr.
Lot area
4,099 ft²
Topography
Flat
Driveway
Asphalt
Parking (total)
Driveway (6)
Proximity
Daycare centre, Hospital, Park, Bicycle path, Elementary school, High school, Public transportation, CEGEP, Highway
Characteristics
Heating System
Electric baseboard units
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 274,200
- Building assessment
- $ 473,700
- Total
- $ 747,900
Taxes
- Municipal (2024)
- $ 4,864
- School (2024)
- $ 609
- Total
- $ 5,473
Annual expenses
- Insurance
- $ 4,000
- Snow removal
- $ 600
- Lawn
- $ 300
- Total
- $ 4,900
Energy expenses
- Electricity
- $ 246
- Total
- $ 246
Gross annual revenues (potential)
- Residential
- $ 64,440
- Total
- $ 64,440
Inclusions and exclusions
Inclusions
Apartment 1 Fridge, stove, washer, dryer Apartment 6 Fridge, stove, washer, dryer, wall-mounted A/C
Exclusions
Personal effects of tenants
Mortgage payment calculator
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