$1,349,000
New
ULS: 9482953
5-6-7-Plex
for sale
23 Rue Crépin, Châteauguay
***Opportunity*** 6-plex with strong short-term revenue growth potential. Current income is $78,000 ($79,440/year starting in July) with 2 tenants leaving in July, allowing for a quick repositioning to $90,000-$92,000/year. 5 units are fully renovated (kitchens, bathrooms, plumbing, electrical, etc.). Minimal capital expenditure required. Excellent opportunity for investors seeking stability and rapid capital appreciation in a desirable area of Châteauguay. (see addendum)
Sale with exclusion(s) of legal warranty - See listing broker(s)
Property features
2
Bedrooms
1
Bathroom
Addendum
OPPORTUNITY with strong revenue growth potential -- Strong short-term revenue growth.
This 6-unit building is already generating $78,000/year ($79,440/year starting in July), with 2 tenants expected to vacate in July, allowing for a quick repositioning towards $90,000 to $92,000/year. Five units have been fully renovated. This currently sublet and undervalued asset offers significant optimization potential without major capital expenditure. Ideal for investors seeking immediate stability and short-term capital gains.
This well-maintained 6-unit brick building represents an excellent, secure investment opportunity. Unlike many buildings requiring extensive renovations, the majority of the work has already been completed: modernized kitchens, renovated bathrooms, and updated flooring, plumbing, and electrical systems in 5 units. Capital expenditures are therefore limited, allowing for an almost immediate increase in income.
Current annual revenues total $78,000 ($79,440 starting July 2026). In addition, two units will become available in July, offering the opportunity to quickly adjust rents to the current market rates in the building. Conservative projections place short-term revenues around $90,000-$92,000 per year, with further future potential for the remaining units.
Ideal for an investor looking to:
* secure an already stable building
* quickly increase revenues
* minimize major renovations
* create value in the short and medium term
Strategically located in a sought-after area of Châteauguay, close to schools, parks, shops, and major highways to Montreal. Strong rental demand ensures excellent occupancy stability.
A rare opportunity combining solid current revenues, completed major renovations, and significant optimization potential.
This 6-unit building is already generating $78,000/year ($79,440/year starting in July), with 2 tenants expected to vacate in July, allowing for a quick repositioning towards $90,000 to $92,000/year. Five units have been fully renovated. This currently sublet and undervalued asset offers significant optimization potential without major capital expenditure. Ideal for investors seeking immediate stability and short-term capital gains.
This well-maintained 6-unit brick building represents an excellent, secure investment opportunity. Unlike many buildings requiring extensive renovations, the majority of the work has already been completed: modernized kitchens, renovated bathrooms, and updated flooring, plumbing, and electrical systems in 5 units. Capital expenditures are therefore limited, allowing for an almost immediate increase in income.
Current annual revenues total $78,000 ($79,440 starting July 2026). In addition, two units will become available in July, offering the opportunity to quickly adjust rents to the current market rates in the building. Conservative projections place short-term revenues around $90,000-$92,000 per year, with further future potential for the remaining units.
Ideal for an investor looking to:
* secure an already stable building
* quickly increase revenues
* minimize major renovations
* create value in the short and medium term
Strategically located in a sought-after area of Châteauguay, close to schools, parks, shops, and major highways to Montreal. Strong rental demand ensures excellent occupancy stability.
A rare opportunity combining solid current revenues, completed major renovations, and significant optimization potential.
Building details and property interior
Dimensions
38' 3" X 48' 4"
Year constructed
1990
Windows
Aluminum, PVC
Window Type
Sliding
Siding
Brick, Vinyl
Roofing
Asphalt shingles
Kitchen Cabinets
Melamine
Basement
Finished basement, Outdoor entrance, 6 feet and more
Lot and exterior features
Lot size
60' X 140' 4"
Lot area
779.60 m²
Topography
Flat
Driveway
Asphalt
Parking (total)
Driveway (8)
Proximity
Hospital, Park, Bicycle path, Elementary school, High school, Public transportation, Daycare centre, Highway
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2025)
- Lot assessment
- $ 288,500
- Building assessment
- $ 570,100
- Total
- $ 858,600
Taxes
- Municipal (2026)
- $ 12,352
- School (2026)
- $ 589
- Total
- $ 12,941
Annual expenses
- Insurance
- $ 3,693
- Snow removal
- $ 1,104
- Lawn
- $ 546
- Total
- $ 5,343
Gross annual revenues (potential)
- Residential
- $ 79,440
- Total
- $ 79,440
Inclusions and exclusions
Inclusions
Shed, curtain poles, instant water heaters, light fixtures
Exclusions
the tenants' personal effects
Mortgage payment calculator
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