Turnkey 16-Unit Detached Investment -- Chomedey If you're looking for a property where your money works for you--without the stress of repairs or constant management--this all-brick, concrete construction building in the heart of Chomedey, Laval is exactly what you want. It's well-cared-for with minimal upkeep and ready to generate stable income from day one.
Located just minutes from Montreal via the Lachapelle Bridge or Autoroute 15, this building has been meticulously maintained by the same owner since 2006 and is in triple-A condition. Here's what you get:
- 16 condo-style units--tenants pay their own electric heating
- Each unit comes with washer/dryer installation, 12,000 BTU air conditioning, and central vacuum
- Some units updated with floating floors, ceramic in kitchens and bathrooms
- Roof approximately 15 years old, building fully maintained
- Parking for 16+ cars plus a brick cabanon
- Current revenue: $195,480, with below-market rents that leave room to optimize
Visits will be permitted following an accepted offer. All units feature the same layout--please refer to the floor plan. Each unit also includes its own dedicated parking space. If you want a turnkey investment that's low-maintenance, solid, and generating steady cash flow, this building is for you. No surprises, no big projects--just a smart, reliable place to put your money.
Building details and property interior
Dimensions
174' X 95' 10" irr.
Year constructed
1993
Siding
Brick
Roofing
Asphalt shingles
Lot and exterior features
Lot area
1,579.90 m²
Topography
Flat
Distinctive Features
Street corner
Driveway
Asphalt
Parking (total)
Driveway (16)
Proximity
Metro, Park, Elementary school, High school, Public transportation, Daycare centre, Highway
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Property or unit amenity
Central vacuum cleaner system installation, Air condition unit, Intercom
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2027)
Lot assessment
$ 388,600
Building assessment
$ 2,648,400
Total
$ 3,037,000
Taxes
Municipal
(2025)
$ 29,066
School
(2025)
$ 2,254
Total
$ 31,320
Annual expenses
Insurance
$ 8,400
Superintendent
$ 6,000
Snow removal
$ 2,070
Lawn
$ 1,943
Total
$ 18,413
Gross annual revenues (potential)
Residential
$ 195,480
Total
$ 195,480
Inclusions and exclusions
Inclusions
Includes 16 alarm systems, 16 air conditioners (12,000 BTU each), 16 central vacuum systems with full accessories, and 16 hot water tanks