Income properties for sale
1535 - 1549, Rue Jarry Est, Montréal (Villeray/Saint-Michel/Parc-Extension), Neighbourhood Villeray
$2,999,888
+GST/QST
$2,999,888 +GST/QST
Income properties for sale
1535 - 1549, Rue Jarry Est, Montréal (Villeray/Saint-Michel/Parc-Extension), Neighbourhood Villeray
Features
Use of property
Residential, Commercial
Year built
1956
Parking (total)
Driveway (10)
Number of units
Residential (9), Commercial (4)
Residential units
4 x 3 ½, 5 x 4 ½
Potential gross revenue
200,544 $
Additional features
Basement 6 feet or +
Description
This investment opportunity consists of the joined properties at 1535-1539 and 1545-1549 Jarry E., offering significant revenue potential for value-add investors. As a succession sale, there is no seller's declaration. The building presents a compelling value proposition: half is in excellent condition, while the other half requires updates to achieve market-rate rents. Additional upside includes monetizing underutilized lockers and parking spaces, along with the potential to convert basement area into residential units, further increasing income streams.This opportunity allows investors to benefit from immediate cash flow + future potential.
Centris No. 24036776
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Financial details
Municipal assessment (2021) | |
---|---|
Lot | $597,600 |
Building | $1,320,100 |
Total | $1,917,700 |
Taxes | |
---|---|
Municipal (2025) | $27,680 |
School (2025) | $1,574 |
Total | $29,254 |
Expenses | |
---|---|
Electricity | $700 |
Insurance | $10,606 |
Snow removal | $1,400 |
Management/Administration | $9,725 |
Total | $22,431 |
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