6-unit building offering excellent day-one returns with a potential gross income of $112,680/year, a gross revenue multiplier of 14.75, and a normalized cap rate of 5.28%. A true Montreal postcard property featuring a stone façade and classic exterior staircases. Over $150,000 has been invested in the building over the past several years. Located only 500 meters from Frontenac metro station, in the Sainte-Marie district, a rapidly growing area just 15 minutes from downtown. See addendum for virtual tour links to the units.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Excellent investment opportunity in the Sainte-Marie district, located in the eastern portion of downtown Montreal. Situated only 500 meters from Frontenac metro station, the property benefits from a strategic location close to shops, services, bike paths, and major transportation routes. The area is experiencing sustained growth and a constant improvement in both its commercial activity and tenant profile, offering strong medium- and long-term appreciation potential. Downtown office towers are accessible in approximately 15 minutes door-to-door.
Over the past eight years, more than $150,000 has been invested in major renovations and improvements, resulting in a well-maintained and attractive asset for today's rental market.
Unit details:
* 1718 (ground floor left): Semi-furnished 4½ with backyard and parking, rented at $1,750/month. Virtual tour: https://ahvendre.com/3d/1718-rue-dufresne-montreal/fullscreen/
* 1720 (ground floor right): Semi-furnished 4½ with backyard, rented at $1,695/month. Virtual tour: https://ahvendre.com/3d/1720-rue-dufresne-montreal/fullscreen/