An excellent opportunity to acquire an income property ideally located in one of Montreal's most sought-after areas. Just steps from Concordia and McGill Universities, LaSalle and Dawson Colleges, the Atwater metro station, and Sainte-Catherine Street, this property boasts a prime location. This residential building comprises seven apartments and two basement storage units, all currently rented.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Income Property in the Heart of Downtown Montreal An excellent opportunity to acquire an ideally located income property in one of Montreal's most sought-after areas. Just steps from Concordia and McGill Universities, LaSalle and Dawson Colleges, the Atwater metro station, and Sainte-Catherine Street, this property benefits from a prime location ensuring strong rental demand. This residential building comprises seven apartments and two basement storage units, all currently rented. Significant improvements have been made to the building, including roof repairs, furnace replacement, and bathroom renovations, ensuring a well-maintained property.
- Seven rented units - Two rented storage units - Strategic downtown location, close to universities, colleges, public transportation, shops, and services. - Strong rental demand in a highly desirable area. - Excellent rental income - An exceptional opportunity for investors seeking a quality asset offering stability, profitability, and appreciation potential. - Roof, furnace, and bathrooms updated __________________________ - All information is subject to verification.
Building details and property interior
Year constructed
1915
Living area
4,316.32 ft²
Lot and exterior features
Lot size
38' X 59'
Lot area
2,326.18 ft²
Proximity
Highway, CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, Réseau Express Métropolitain (REM), High school, Commuter train, Public transportation, University
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
Lot assessment
$ 605,100
Building assessment
$ 795,900
Total
$ 1,401,000
Taxes
Municipal
(2026)
$ 8,449
School
(2026)
$ 1,148
Total
$ 9,597
Annual expenses
Insurance
$ 7,327
Total
$ 7,327
Gross annual revenues (potential)
Residential
$ 121,500
Other
$ 19,200
Total
$ 140,700
Inclusions and exclusions
Exclusions
Tenants' personal belongings
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.