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Income properties for sale

1660 - 1670, Avenue Papineau, Montréal (Ville-Marie), Neighbourhood Village

$6,600,000 or
$6,600,000 or

Income properties for sale

1660 - 1670, Avenue Papineau, Montréal (Ville-Marie), Neighbourhood Village

Features

Lifestyle
27892172 6600000 /en/multi-family-properties~for-sale~montreal-ville-marie/27892172?view=Summary /fr/multifamilial~a-vendre~montreal-ville-marie/27892172 https://passerelle.centris.ca/redirect.aspx?NoMLS=27892172&Lang=E&source=centris.ca /en/multi-family-properties~for-sale~montreal-ville-marie/27892172/photos 45.5238840000 -73.5556790000 true
Use of property
Residential
Year built
1929
Number of units
Residential (16)
Residential units
1 x 3 ½, 11 x 4 ½, 4 x 5 ½
Potential gross revenue
$396,300
97

Description

Impeccably renovated, this property boasts a lucrative $396,300 in Annual Revenue. Comprising 16 units, each adorned with state-of-the-art appliances, it presents an enticing opportunity for investors seeking minimal operational involvement and maximum returns. Benefit from its scale, superior construction, and prime location near public transportation hubs, promising significant appreciation potential. Explore advantageous financing options by reaching out for further details.
Centris No. 27892172

Financial details

Municipal assessment (2021)
Lot $690,600
Building $1,714,400
Total $2,405,000
Taxes
Municipal (2024) $13,253
School (2023) $1,550
Total $14,803
Expenses
Insurance $18,500
Total $18,500

Listing broker

David Leblanc, Residential and Commercial Real Estate Broker

David Leblanc

Residential and Commercial Real Estate Broker
David Leblanc Courtier Immobilier Inc.

PROFUSION IMMOBILIER INC.

Real Estate Agency
PROFUSION IMMOBILIER INC., Real Estate Agency

Location

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Discover Montréal (Ville-Marie)

Population (2016) 87,168
Population variation between 2011 and 2016 6%
Population density 6,414 hab/km2
Unemployment rate (2016) 10%

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property. Click here for more information.
  • Learn more about property transfer tax by clicking here.
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