$1,487,000
ULS: 22205282
5-6-7-Plex
for sale
390 9e Avenue, Montréal (Lachine) (East)
A 6-unit building offering rare peace of mind: virtually all mechanical systems have been redone. Electrical panels and service entrances updated (all 6 units), water and sewer lines replaced, main plumbing renewed (3/4" piping with shut-off valves per unit), sewer lines replaced up to the second floor, basement concrete floor redone with insulation membrane, French drain and two sump pumps installed, and roof and flashing replaced (2022). Rents are currently below market value-offering good growth potential. An ideal property for an investor seeking a hassle-free investment. Information and viewings available upon request. (See addenda.)
Property features
1
Bedroom
2
Bathrooms
STEPHANE GARAND
Real Estate Broker
Addendum
6-Unit Building -- Peace of Mind Guaranteed
A rare opportunity for investors seeking peace of mind: this 6-unit building has undergone major upgrades to virtually all its mechanical systems, eliminating the main headaches typically associated with a property of this type.
Major work completed:
-Electrical panels and service entrances redone for all 6 units
-Water and sewer service lines completely replaced
Main plumbing renewed: 3/4-inch water supply lines with individual shut-off valves for each unit
-Sewer lines replaced up to the second floor
-Basement concrete floor redone with insulation membrane, including the installation of an interior French drain and two sump pumps
-Roof and flashing completely replaced (2022)
Units 1 and 2 fully renovated
These two units have been completely renovated and span two levels (ground floor plus basement area), offering more spacious living quarters and enhanced rental appeal.
Storage locker for every tenant
Each unit has its own storage space (locker)--a feature highly valued by tenants.
Attractive growth potential
Current rents are below market value, offering the buyer an opportunity for medium-term revenue growth.
A structurally and mechanically turnkey building--ideal for investors who want to focus on property management without worrying about infrastructure. It is rare to find a building of this age that offers such peace of mind.
A rare opportunity for investors seeking peace of mind: this 6-unit building has undergone major upgrades to virtually all its mechanical systems, eliminating the main headaches typically associated with a property of this type.
Major work completed:
-Electrical panels and service entrances redone for all 6 units
-Water and sewer service lines completely replaced
Main plumbing renewed: 3/4-inch water supply lines with individual shut-off valves for each unit
-Sewer lines replaced up to the second floor
-Basement concrete floor redone with insulation membrane, including the installation of an interior French drain and two sump pumps
-Roof and flashing completely replaced (2022)
Units 1 and 2 fully renovated
These two units have been completely renovated and span two levels (ground floor plus basement area), offering more spacious living quarters and enhanced rental appeal.
Storage locker for every tenant
Each unit has its own storage space (locker)--a feature highly valued by tenants.
Attractive growth potential
Current rents are below market value, offering the buyer an opportunity for medium-term revenue growth.
A structurally and mechanically turnkey building--ideal for investors who want to focus on property management without worrying about infrastructure. It is rare to find a building of this age that offers such peace of mind.
Building details and property interior
Dimensions
49' 9" X 27'
Year constructed
1958
Siding
Brick
Roofing
Asphalt and gravel
Basement
6 feet and more, Partially finished
Lot and exterior features
Lot area
322.50 m²
Driveway
Unpaved
Parking (total)
Driveway (4)
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 282,200
- Building assessment
- $ 682,300
- Total
- $ 964,500
Taxes
- Municipal (2026)
- $ 6,206
- School (2026)
- $ 713
- Total
- $ 6,919
Annual expenses
- Insurance
- $ 3,388
- Snow removal
- $ 886
- Lawn
- $ 225
- Total
- $ 4,499
Energy expenses
- Electricity
- $ 390
- Total
- $ 390
Gross annual revenues (potential)
- Residential
- $ 83,700
- Total
- $ 83,700
Inclusions and exclusions
Inclusions
3 heat pump
Exclusions
The tenants' 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.