$699,900
ULS: 26078191
5-6-7-Plex
for sale
199 Av. Michaud, Laval (Laval-des-Rapides)
GREAT PROJECT!!! Located just steps from the Université du Québec à Laval, this sixplex is perfect for an investor looking for an excellent real estate project! This income property, with 4 units currently rented and signed lease terminations, will offer a potential annual income of over $66,000 once the unit renovation work is completed. Its prime location, in close proximity to the university, makes it an ideal choice for students and professionals, ensuring consistent rental demand. Don't miss this investment opportunity!
Addendum
All the necessary permits to carry out the work have already been acquired, allowing the renovations to begin without delay. This project offers great potential for development and space optimization, increasing the value and yield of the building.
UNITS ONCE RENOVATED APPROVED BY THE PPCMOI
3 1/2 (x2) - Of which 1 will be on two floors.
2 1/2 (x3)
Studio/Loft (x1)
LOCATION
-6 minutes from Métro grocery store
-7 minutes from Centropolis
-5 minutes on foot to Paul-Marcel-Maheu Park
-6 minutes from Place Bell
-6 minutes from St. Norbert Elementary School
-5 minutes from Montmorency College
-6 minutes from UQAM in Laval
-8 minutes from the Ambulatory Care Center
UNITS ONCE RENOVATED APPROVED BY THE PPCMOI
3 1/2 (x2) - Of which 1 will be on two floors.
2 1/2 (x3)
Studio/Loft (x1)
LOCATION
-6 minutes from Métro grocery store
-7 minutes from Centropolis
-5 minutes on foot to Paul-Marcel-Maheu Park
-6 minutes from Place Bell
-6 minutes from St. Norbert Elementary School
-5 minutes from Montmorency College
-6 minutes from UQAM in Laval
-8 minutes from the Ambulatory Care Center
Building details and property interior
Dimensions
42' X 32' irr.
Year constructed
1965
Siding
Asphalt shingles
Washer/Dryer (installation)
Mechanical room (SS)
Basement
6 feet and more, Finished basement
Lot and exterior features
Lot size
71' X 69' 11"
Lot area
461.08 m²
Parking (total)
Driveway (4)
Proximity
CEGEP, Daycare centre, Hospital, Metro, Park, Highway, Elementary school, High school, Commuter train, Public transportation, University, Bicycle path
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 243,400
- Building assessment
- $ 193,900
- Total
- $ 437,300
Taxes
- Municipal (2024)
- $ 5,677
- School (2024)
- $ 377
- Total
- $ 6,054
Gross annual revenues (potential)
- Residential
- $ 36,504
- Total
- $ 36,504
Inclusions and exclusions
Inclusions
Tenant's Effects Rent #6: Murphy bed, sofa, table and 2 chairs, refrigerator. Rent #2: Stove and refrigerator, single bed.
Mortgage payment calculator
$
$
$
%