$3,599,000
New
ULS: 20684640
16+-Plex
for sale
490 Av. Ampère, Laval (Laval-des-Rapides)
Excellent investment opportunity in Laval! Detached 16-unit building featuring 13 two-bedroom and 3 one-bedroom apartments, generating $202,800 in annual rental income. Walking distance to De la Concorde metro station! Major improvements include windows and patio doors in 2012, roof replacement in 2018, and balconies and railings in 2021. Strategically located near shops, services and public transportation. An attractive income-producing property with long-term investment potential!
Addendum
Located at 490 Avenue Ampère in Laval, this detached 16-unit residential building presents an outstanding opportunity for investors seeking a quality income-producing asset with excellent long-term growth potential. Its strategic location within walking distance of De la Concorde metro station adds tremendous value and enhances its rental appeal.
Built in 1977, this three-storey property features a desirable unit mix consisting of 13 two-bedroom apartments (4½) and 3 one-bedroom apartments (3½), catering to a diversified rental market.
The property currently generates $202,800 in annual rental income, with substantial room for long-term rental revenue optimization. This combination of established income and future growth potential provides investors with an excellent opportunity to progressively enhance returns and maximize the property's value over time.
Several major capital improvements have been completed, including the replacement of windows and patio doors in 2012, roof replacement in 2018, and the refurbishment of balconies and railings in 2021. These significant investments in the building's major components represent valuable advantages for prospective purchasers.
Situated on approximately 12,914 square feet of land, the property offers a reported building area of approximately 10,812 square feet, providing an attractive multifamily investment opportunity.
LOCATION, LOCATION, LOCATION!
Within walking distance of De la Concorde metro station, the property benefits from excellent public transportation access, allowing convenient commuting to Montreal and surrounding Laval neighbourhoods. Its proximity to shopping, essential services and major roadways further strengthens its appeal to tenants.
With 16 residential units, $202,800 in current annual rental income, several major improvements already completed and significant potential for future rental income optimization, this property combines many of the features sought after by multifamily investors.
An excellent opportunity to expand your real estate portfolio with an established income-producing asset, a strategic location and attractive long-term growth and appreciation potential!
Built in 1977, this three-storey property features a desirable unit mix consisting of 13 two-bedroom apartments (4½) and 3 one-bedroom apartments (3½), catering to a diversified rental market.
The property currently generates $202,800 in annual rental income, with substantial room for long-term rental revenue optimization. This combination of established income and future growth potential provides investors with an excellent opportunity to progressively enhance returns and maximize the property's value over time.
Several major capital improvements have been completed, including the replacement of windows and patio doors in 2012, roof replacement in 2018, and the refurbishment of balconies and railings in 2021. These significant investments in the building's major components represent valuable advantages for prospective purchasers.
Situated on approximately 12,914 square feet of land, the property offers a reported building area of approximately 10,812 square feet, providing an attractive multifamily investment opportunity.
LOCATION, LOCATION, LOCATION!
Within walking distance of De la Concorde metro station, the property benefits from excellent public transportation access, allowing convenient commuting to Montreal and surrounding Laval neighbourhoods. Its proximity to shopping, essential services and major roadways further strengthens its appeal to tenants.
With 16 residential units, $202,800 in current annual rental income, several major improvements already completed and significant potential for future rental income optimization, this property combines many of the features sought after by multifamily investors.
An excellent opportunity to expand your real estate portfolio with an established income-producing asset, a strategic location and attractive long-term growth and appreciation potential!
Building details and property interior
Dimensions
53' 3" X 49'
Year constructed
1977
Windows
Aluminum
Window Type
Sliding
Siding
Brick
Roofing
Asphalt and gravel
Basement
6 feet and more
Renovations
Roof covering (2018, 28169), Fenestration (2012, 44589), Balcony (2021, 49785)
Lot and exterior features
Lot size
100' X 130' irr.
Lot area
12,914 ft²
Proximity
Highway, CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Public transportation, University
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2023)
- Lot assessment
- $ 613,400
- Building assessment
- $ 1,379,400
- Total
- $ 1,992,800
Taxes
- Municipal (2026)
- $ 22,322
- School (2026)
- $ 1,439
- Total
- $ 23,761
Annual expenses
- Insurance
- $ 9,900
- Snow removal
- $ 1,796
- Lawn
- $ 250
- Total
- $ 11,946
Energy expenses
- Electricity
- $ 8,778
- Total
- $ 8,778
Gross annual revenues (potential)
- Residential
- $ 202,800
- Total
- $ 202,800
Inclusions and exclusions
Exclusions
Tenant's personal effects
Mortgage payment calculator
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This document is not an offer or a promise that may bind the seller, but is an invitation to submit such offers or promises.