$1,095,000
New
ULS: 18710144
5-6-7-Plex
for sale
224 Boul. La Fayette, Longueuil (Le Vieux-Longueuil) (Montréal South)
Location, location, location! Detached 5-plex in Le Vieux-Longueuil, steps away from metro, and Place Longueuil. Excellent investment opportunity with a strong rental track record and steady income. The building includes 5 apartments in beautiful condition and brings in great revenue. (see July rent increases). 8 outdoor parking spaces, (3 available for rent). Each apartment has been updated over the years and rents out in a matter of days. Freshly repainted common entrance on all 3 floors. See Addenda for more details
Sale with exclusion(s) of legal warranty - See listing broker(s)
Property features
3
Bedrooms
1
Bathroom
Addendum
Apartment No1 (3 ½ ) Current lease: $860/month until June 30, 2026, increased to $890/month until June 30 2027, increased to $915/month until June 30, 2028, includes a renewal option at $940/month until June 30 2029
Apartment No2 (5 ½) Current lease: $1,210/month until June 30, 2026, increased to $1,272/month until June 30, 2027. The rent amount has been adjusted as Unit 2 hydro includes the common areas.
Apartment No3 (3 ½) Current lease: $965/month until June 30, 2026, increased to $990/month until June 30 2027
Apartment No4 (3 ½) $840/month until June 30, 2026, increased to $890/month until June 30 2027
Apartment No5 (2 1½) Current lease: $835$/month until June 30 2027
Rental value for the 3 extra parking spots: $100/month x 3 = $300/month or $3,600/year
Apartment No2 (5 ½) Current lease: $1,210/month until June 30, 2026, increased to $1,272/month until June 30, 2027. The rent amount has been adjusted as Unit 2 hydro includes the common areas.
Apartment No3 (3 ½) Current lease: $965/month until June 30, 2026, increased to $990/month until June 30 2027
Apartment No4 (3 ½) $840/month until June 30, 2026, increased to $890/month until June 30 2027
Apartment No5 (2 1½) Current lease: $835$/month until June 30 2027
Rental value for the 3 extra parking spots: $100/month x 3 = $300/month or $3,600/year
Building details and property interior
Dimensions
32' X 48' irr.
Year constructed
1964
Siding
Brick
Roofing
Elastomeric membrane
Basement
Finished basement
Lot and exterior features
Lot size
50' X 181'
Lot area
840.80 m²
Driveway
Asphalt
Parking (total)
Driveway (8)
Proximity
CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, Réseau Express Métropolitain (REM), High school, Public transportation, University, Highway
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Property or unit amenity
Wall-mounted air conditioning
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2027)
- Lot assessment
- $ 353,300
- Building assessment
- $ 544,100
- Total
- $ 897,400
Taxes
- Municipal (2026)
- $ 6,135
- School (2026)
- $ 601
- Total
- $ 6,736
Annual expenses
- Insurance
- $ 3,212
- Superintendent
- $ 1,800
- Snow removal
- $ 850
- Maintenance
- $ 960
- Total
- $ 6,822
Gross annual revenues (potential)
- Residential
- $ 56,520
- Total
- $ 56,520
Inclusions and exclusions
Inclusions
5 electric hot water tanks, washer & dryer for the two basement apartments.
Mortgage payment calculator
$
$
$
%