Exceptional and well-maintained 12-unit income property comprising 7 large 5½ units, 3 spacious 4½ units, and 1 comfortable 3½ unit. Generating annual rental revenues of $198,660, this property represents a strategic investment opportunity driven by the quality of its tenants, its excellent overall condition, and its strong long-term appreciation potential. The building has undergone numerous major renovations over the years, ensuring an asset that is both high-performing and meticulously maintained for investors seeking stability and long-term value.
Sale with exclusion(s) of legal warranty - See listing broker(s)
12-unit income property ideally located in the heart of Longueuil, offering remarkable rental stability and long-standing, disciplined management. This property represents a strategic investment opportunity thanks to the quality of its tenants, its excellent maintenance, and its strong long-term appreciation potential.
Held since 2006, the building has undergone numerous major renovations over the years, ensuring it remains in excellent overall condition and minimizing future maintenance requirements for an investor.
A highly selective rental process has helped maintain a quality living environment, with no pets, no bad debt, and no cases before the Administrative Housing Tribunal. The current tenants are stable and contribute to the reliability and strength of the property's income stream.
The property generates nearly $200,000 in annual rental income. Tenants are responsible for their own heating and electricity expenses, which helps reduce operating costs. Each unit also includes an outdoor parking space, a highly sought-after feature in the area.
The location is a key advantage. Situated in a desirable sector of Longueuil, the property offers quick access to public transportation, major highways, shops, restaurants, schools, parks, and essential services. It also benefits from efficient connectivity to downtown Montreal as well as Montréal--Saint-Hubert Airport, which is currently undergoing significant modernization and economic development--supporting the area's future growth potential.
Overall, this property offers a strong combination of stability, quality maintenance, optimized operating costs, and a strategic location--key elements for a durable and high-performing real estate investment.