$1,590,000
ULS: 21513152
8-15-Plex
for sale
7781 22e Avenue, Montréal (Villeray/Saint-Michel/Parc-Extension) (Saint-Michel)
Located in a prime location, this 8-unit income property presents an excellent investment opportunity. Positioned on a corner lot, it offers high visibility and easy access for tenants. Ideally situated across from a school, close to public transportation and shopping centers, it ensures strong rental demand and a convenient living environment. Well-maintained and generating stable rental income, this property is a great choice for an investor looking for a profitable and well-located asset.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Property features
1
Bedroom
1
Bathroom
MILI LIM
Real Estate Broker
Addendum
+ 5 x 4 ½ and 3 x 3 ½, well-divided units with stable tenants.
+ Electricity and heating are paid by the tenants.
+ Several improvements have been made to the units.
+ Excellent tenants, reliable, easy to rent, with great potential for income increase.
+ Rental income will be $78,720 per year starting July 1, 2025.
+ The 8 water heaters are in the basement.
+ Water heaters #2, #3, and #4 are leased at a cost of $15 per month per unit, paid by the owner and included in the leases.
+ Water heaters for apartments #1, #5, #6, #7, and #8 are the responsibility of the tenants.
+ The former owner removed the underground oil heating tank in 2011. A Phase 2 environmental site assessment was conducted for this purpose. No contaminants were detected. Phase 2 report available for consultation.
Renovations and Maintenance
- Roof (2002)
- Bathrooms renovated in units #2, #3, #4, #5, and #6
- 7 rear doors replaced
- Rear staircase and railings (2012)
- Bathroom ventilation updated in units #2, #3, #4, #6, and #8
- Kitchen ceramic tiles installed in units #3, #4, #6, and #8
- Kitchen countertops updated in units #2, #3, #6, and #8
- Floating flooring installed in units #3, #6, and #8
- Vinyl flooring installed in units #5 and #7
+ Electricity and heating are paid by the tenants.
+ Several improvements have been made to the units.
+ Excellent tenants, reliable, easy to rent, with great potential for income increase.
+ Rental income will be $78,720 per year starting July 1, 2025.
+ The 8 water heaters are in the basement.
+ Water heaters #2, #3, and #4 are leased at a cost of $15 per month per unit, paid by the owner and included in the leases.
+ Water heaters for apartments #1, #5, #6, #7, and #8 are the responsibility of the tenants.
+ The former owner removed the underground oil heating tank in 2011. A Phase 2 environmental site assessment was conducted for this purpose. No contaminants were detected. Phase 2 report available for consultation.
Renovations and Maintenance
- Roof (2002)
- Bathrooms renovated in units #2, #3, #4, #5, and #6
- 7 rear doors replaced
- Rear staircase and railings (2012)
- Bathroom ventilation updated in units #2, #3, #4, #6, and #8
- Kitchen ceramic tiles installed in units #3, #4, #6, and #8
- Kitchen countertops updated in units #2, #3, #6, and #8
- Floating flooring installed in units #3, #6, and #8
- Vinyl flooring installed in units #5 and #7
Building details and property interior
Dimensions
40' 2" X 42' 11" irr.
Year constructed
1965
Window Type
Sliding
Siding
Brick
Roofing
Asphalt and gravel
Dividing Floor
Wood
Washer/Dryer (installation)
In the basement
Lot and exterior features
Lot size
40' 2" X 70'
Lot area
261.20 m²
Topography
Flat
Distinctive Features
Street corner
Proximity
Daycare centre, Elementary school, High school, Public transportation
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Environmental Study
Phase 1 (2012, 04), Phase 2 (2012, 05)
Financial details
Municipal assessment (2025)
- Lot assessment
- $ 188,100
- Building assessment
- $ 997,600
- Total
- $ 1,185,700
Taxes
- Municipal (2025)
- $ 7,797
- School (2024)
- $ 979
- Total
- $ 8,776
Annual expenses
- Insurance
- $ 5,640
- Total
- $ 5,640
Energy expenses
- Electricity
- $ 261
- Total
- $ 261
Gross annual revenues (potential)
- Residential
- $ 73,620
- Total
- $ 73,620
Inclusions and exclusions
Exclusions
8 water heaters on rental with Hydro-Solution.
Mortgage payment calculator
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