$1,495,000
New
ULS: 10166751
5-6-7-Plex
for sale
97 - 103 Av. Riverview, Montréal (LaSalle)
This property is a true jewel of an asset. Built in 1968, it was acquired by the father of the current owners in 1969. The current owners have owned and personally managed the property ever since, demonstrating an exceptional history of long-term ownership and pride of management.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Living area
3,730 ft²
Property features
2
Bedrooms
1
Bathroom
MIKAEL KURKDJIAN
Residential and Commercial Real Estate Broker
Addendum
The property has been extremely well maintained and managed, and the units show exceptionally well. From an operating standpoint, the ownership structure is particularly attractive: the owner is responsible only for the municipal taxes, school taxes, and building insurance, while the tenants are responsible for the utilities.
The building has benefited from numerous improvements over the years. The windows have been replaced in recent years and are in excellent condition. The electrical systems have been updated, with breaker panels throughout, and the plumbing has also been updated. Two units have recently undergone complete renovations: Unit 97A, a 3½, and Unit 101, a 4½.
Another important investment feature is the significant rental upside. Three of the five rents currently offer substantial potential for future growth toward market levels, providing a new owner with an opportunity to increase revenues over time.
The location is equally compelling. The property is situated only steps from the St. Lawrence Seaway, within walking distance of the LaSalle train station and Vieux-Lachine, and close to Boulevard LaSalle, waterfront paths, parks, and nature. It offers tenants the opportunity to enjoy a peaceful residential environment while remaining within convenient reach of public transportation and local services. Multiple bus stops are also within walking distance on Dalmany and Airlie.
The property enjoys a beautiful western exposure and is located on a quiet street directly across from a park. The surrounding demographics are also attractive, with a median age of approximately 37.9 years and an average household income of $92,775 within a one-kilometre radius. (Source is Tetrad)
The property is a detached five-plex with five indoor garage parking spaces. Two of the parking spaces are currently included with one tenant's lease. The remaining three spaces will therefore become available to the purchaser upon the signing of the Act of Sale, as currently they are used by the ownership group.
With its exceptional history of ownership, excellent condition, attractive tenant-paid expenses, rental upside, indoor parking, and outstanding location, this is an ideal opportunity for the prudent investor seeking a stable, low-maintenance, easy-to-manage multifamily investment with long-term upside potential.
The building has benefited from numerous improvements over the years. The windows have been replaced in recent years and are in excellent condition. The electrical systems have been updated, with breaker panels throughout, and the plumbing has also been updated. Two units have recently undergone complete renovations: Unit 97A, a 3½, and Unit 101, a 4½.
Another important investment feature is the significant rental upside. Three of the five rents currently offer substantial potential for future growth toward market levels, providing a new owner with an opportunity to increase revenues over time.
The location is equally compelling. The property is situated only steps from the St. Lawrence Seaway, within walking distance of the LaSalle train station and Vieux-Lachine, and close to Boulevard LaSalle, waterfront paths, parks, and nature. It offers tenants the opportunity to enjoy a peaceful residential environment while remaining within convenient reach of public transportation and local services. Multiple bus stops are also within walking distance on Dalmany and Airlie.
The property enjoys a beautiful western exposure and is located on a quiet street directly across from a park. The surrounding demographics are also attractive, with a median age of approximately 37.9 years and an average household income of $92,775 within a one-kilometre radius. (Source is Tetrad)
The property is a detached five-plex with five indoor garage parking spaces. Two of the parking spaces are currently included with one tenant's lease. The remaining three spaces will therefore become available to the purchaser upon the signing of the Act of Sale, as currently they are used by the ownership group.
With its exceptional history of ownership, excellent condition, attractive tenant-paid expenses, rental upside, indoor parking, and outstanding location, this is an ideal opportunity for the prudent investor seeking a stable, low-maintenance, easy-to-manage multifamily investment with long-term upside potential.
Building details and property interior
Year constructed
1968
Living area
3,730 ft²
Siding
Brick, Stone
Roofing
Asphalt shingles
Garage
Built-in
Basement
6 feet and more, Finished basement
Lot and exterior features
Lot size
50' X 100'
Lot area
5,000 ft²
Driveway
Asphalt
Parking (total)
Garage (5)
Proximity
Daycare centre, Hospital, Park, Bicycle path, Elementary school, High school, Commuter train, Public transportation, Highway
Room details
Unit 1 (Monthly residential revenue)
Rooms not detailed
Unit 2 (Monthly residential revenue)
Living room
Level:
Basement 1
Dimensions:
15'10" X 11'8"
Flooring:
Laminate floor
Details:
Primary bedroom
Level:
Basement 1
Dimensions:
11'10" X 8'3"
Flooring:
Laminate floor
Details:
Couloir
Level:
Basement 1
Dimensions:
15'1" X 3'2"
Flooring:
Laminate floor
Details:
Kitchen
Level:
Basement 1
Dimensions:
10'2" X 6'10"
Flooring:
Laminate floor
Details:
Dining room
Level:
Basement 1
Dimensions:
10'2" X 4'11"
Flooring:
Laminate floor
Details:
buanderie
Level:
Basement 1
Dimensions:
11'8" X 6'9"
Flooring:
Laminate floor
Details:
Bathroom
Level:
Basement 1
Dimensions:
8'7" X 5'3"
Flooring:
Tiles
Details:
Unit 3 (Monthly residential revenue)
Rooms not detailed
Unit 4 (Monthly residential revenue)
Kitchen
Level:
2nd level
Dimensions:
13'2" X 11'9"
Flooring:
Tiles
Details:
Bathroom
Level:
2nd level
Dimensions:
8'2" X 5'0"
Flooring:
Tiles
Details:
Couloir
Level:
2nd level
Dimensions:
17'0" X 5'4"
Flooring:
Wood
Details:
Bedroom
Level:
2nd level
Dimensions:
13'4" X 9'6"
Flooring:
Wood
Details:
Primary bedroom
Level:
2nd level
Dimensions:
12'2" X 10'8"
Flooring:
Wood
Details:
Entrée
Level:
2nd level
Dimensions:
11'0" X 4'6"
Flooring:
Wood
Details:
Living room
Level:
2nd level
Dimensions:
15'8" X 11'5"
Flooring:
Wood
Details:
Unit 5 (Monthly residential revenue)
Rooms not detailed
Unit 6 (Parking/Garages)
Rooms not detailed
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 557,400
- Building assessment
- $ 460,300
- Total
- $ 1,017,700
Taxes
- Municipal (2026)
- $ 6,412
- School (2026)
- $ 764
- Total
- $ 7,176
Annual expenses
- Insurance
- $ 6,294
- Total
- $ 6,294
Gross annual revenues (potential)
- Residential
- $ 73,080
- Parking
- $ 2,712
- Total
- $ 75,792
Inclusions and exclusions
Inclusions
Nothing included all appliances belong to the tenants.
Exclusions
The hot water tanks are leased by Hydro Solutions. The monthly lease is paid for by the tenants.
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.