$799,900
ULS: 11268241
Triplex for sale - Montréal (Villeray/Saint-Michel/Parc-Extension) (Saint-Michel)
8444 - 8448 7e Avenue, Montréal (Villeray/Saint-Michel/Parc-Extension) (Saint-Michel)
Well located triplex with tons of potential! This 3 storey triplex located in an up and coming sector of St.Michel that is currently oozing with gentrification currently offers two 5 1/2 units and a main level that is set up as a commercial space and should be converted to residential for maximum building optimization! Located just steps from parks, schools, religious establishments, Cirque du soleil and so much more, this property is perfect for an investor itching for a little project that can easily bring him back a cash flow positive ROI! Quality tenants, promising location and tons of potential! A qui la chance?!
Sale without legal warranty of quality, at the buyer's risk and peril.
Property features
2
Bedrooms
1
Bathroom
Addendum
8444-8446-8448 7e Avenue | Unique Investment Opportunity.
If you have been looking for a triplex over the last few months but keep on coming across properties that just do not bring in the numbers you are looking, then you are in for a surprise with this beauty! With a POI of $55,000+ and currently generating just over 34,000 per year of revenue, this property allows buyers to purchase, hold, renovate and increase the value of their property dramatically in a short term! Keep reading if this type of investment interests you!
The Property:
Built in 1960, this triplex located at the corner of 7e Avenue and Deville offers two 5 1/2 units that are currently renovated and generating just over $34,000 of revenue, a main unit that is currently set up as a commercial space but should be converted to residential to fully optimize the building allowing for an additional POI of 18k per year with room to grow! The building also has an attached garage that is perfect for electricians, plumbers, general contractors and more looking for an investment property that can allow them an extra storage space in the middle of the city! With a recently redone roof, unit 8444 renovated in 2022 and 8446 in the early 2000's this property is clean, well rented and ready for optimization!
The Location:
Although some may have a bleak understanding of St.Michel, It is a neighbourhood that is currently bursting at the seams with gentrification and is constantly in high rental demand due to its central location, proximity to metro stations, schools, hospitals and religious buildings. Located just north of the Metropolitain, this is the next neighbourhood to see an expansion of services and amenities! When thinking of investment potential, St.Michel is the only neighbourhood that can generate good revenu without spending the money you would in Rosemont, Villeray or Park Extension.
The Investment:
Currently listed at only 15x it's PGI, this building is a no brainer investment for anyone looking to buy in an up and coming neighbourhood and create a property that is capable of generating more than 55,000 per year of revenu without doing any additional/major renovations apart from reconverting the main unit into a residential space. The added garage in the back of the building can be removed for potential parking rentals, or be used by anyone in the construction trade as a small but central hub for tools and equipment as this property is very centrally located.
Regardless of your reason to purchase, we do not always come across properties listed at 15x the revenue. Do not wait too long!
If you have been looking for a triplex over the last few months but keep on coming across properties that just do not bring in the numbers you are looking, then you are in for a surprise with this beauty! With a POI of $55,000+ and currently generating just over 34,000 per year of revenue, this property allows buyers to purchase, hold, renovate and increase the value of their property dramatically in a short term! Keep reading if this type of investment interests you!
The Property:
Built in 1960, this triplex located at the corner of 7e Avenue and Deville offers two 5 1/2 units that are currently renovated and generating just over $34,000 of revenue, a main unit that is currently set up as a commercial space but should be converted to residential to fully optimize the building allowing for an additional POI of 18k per year with room to grow! The building also has an attached garage that is perfect for electricians, plumbers, general contractors and more looking for an investment property that can allow them an extra storage space in the middle of the city! With a recently redone roof, unit 8444 renovated in 2022 and 8446 in the early 2000's this property is clean, well rented and ready for optimization!
The Location:
Although some may have a bleak understanding of St.Michel, It is a neighbourhood that is currently bursting at the seams with gentrification and is constantly in high rental demand due to its central location, proximity to metro stations, schools, hospitals and religious buildings. Located just north of the Metropolitain, this is the next neighbourhood to see an expansion of services and amenities! When thinking of investment potential, St.Michel is the only neighbourhood that can generate good revenu without spending the money you would in Rosemont, Villeray or Park Extension.
The Investment:
Currently listed at only 15x it's PGI, this building is a no brainer investment for anyone looking to buy in an up and coming neighbourhood and create a property that is capable of generating more than 55,000 per year of revenu without doing any additional/major renovations apart from reconverting the main unit into a residential space. The added garage in the back of the building can be removed for potential parking rentals, or be used by anyone in the construction trade as a small but central hub for tools and equipment as this property is very centrally located.
Regardless of your reason to purchase, we do not always come across properties listed at 15x the revenue. Do not wait too long!
Building details and property interior
Year constructed
1960
Window Type
Sliding
Siding
Brick
Roofing
Elastomeric membrane
Dividing Floor
Wood
Garage
Single width, Attached
Kitchen Cabinets
Wood, Melamine
Lot and exterior features
Lot area
1,741 ft²
Topography
Flat
Distinctive Features
Street corner
Driveway
Asphalt
Parking (total)
Garage (1)
Proximity
CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Commuter train, Public transportation, University, Highway, Groceries, Pharmacies, Restaurants
Characteristics
Heating System
Hot water
Heating Energy
Electricity
Rented Equipment (monthly)
Water heater (2, 36)
Water Supply
Municipality
Sewage System
Municipality
Occupancy
Single
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 132,600
- Building assessment
- $ 319,400
- Total
- $ 452,000
Taxes
- Municipal (2024)
- $ 4,751
- School (2024)
- $ 348
- Total
- $ 5,099
Energy expenses
- Other
- $ 432
- Total
- $ 432
Gross annual revenues (potential)
- Residential
- $ 55,740
- Total
- $ 55,740
Inclusions and exclusions
Inclusions
3x hot water tanks (rented), 2x stove huts. 8444: Fridge, stove, washer, dryer
Exclusions
All personal belongings of the tenants
Mortgage payment calculator
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