Income properties for sale
2715, boulevard Édouard-Montpetit, Montréal (Côte-des-Neiges/Notre-Dame-de-Grâce), Neighbourhood Côte-des-Neiges
$4,850,000
$4,850,000
Income properties for sale
2715, boulevard Édouard-Montpetit, Montréal (Côte-des-Neiges/Notre-Dame-de-Grâce), Neighbourhood Côte-des-Neiges
Features
Use of property
Residential
Year built
1931
Lot area
5,910 sqft
Parking (total)
Garage (6)
Number of units
Residential (14)
Residential units
3 x 3 ½, 5 x 4 ½, 4 x 5 ½, 2 x 6 ½
Main unit
5 rooms, 3 bedrooms, 1 bathroom
Potential gross revenue
$247,534
Description
Great investment opportunity in an exceptional location with 14 spacious rental units right across University of Montreal, minutes from Ste-Justine Hospital, all services and amenities, and public transportation. Six indoor parking spots in the garage. This extremely well maintained building was renovated in recent years, and offers excellent gross and net revenues, with a 4% cap rate. The rotation of qualified tenants (students and faculty members) allows for the units to be leased at the maximum possible market value given the high demand.
Centris No. 15461948
Financial details
| Municipal assessment (2024) | |
|---|---|
| Lot | $782,500 |
| Building | $3,211,000 |
| Total | $3,993,500 |
| Taxes | |
|---|---|
| Municipal (2024) | $24,330 |
| School (2023) | $3,162 |
| Total | $27,492 |
| Expenses | |
|---|---|
| Electricity | $1,288 |
| Gas | $16,678 |
| Insurance | $17,923 |
| Superintendent | $9,500 |
| Total | $45,389 |
See all financial details