$1,350,000
New
ULS: 24824647
8-15-Plex
for sale
7880 Av. Querbes, Montréal (Villeray/Saint-Michel/Parc-Extension) (Parc-Extension)
Brick 8-plex, ideal for a value-add investor, located in the dynamic Parc-Extension neighbourhood. Rents are currently below market, offering strong potential for revenue optimization in the short to medium term. Building with a large rear parking area providing additional income potential. Operating expenses are minimal as electricity is paid by the tenants. Highly sought-after rental area, close to Parc and Acadie metro stations, Jarry Park, bike paths, grocery stores, restaurants and cafés. Asset with strong repositioning potential.
Sale with exclusion(s) of legal warranty - See listing broker(s)
JEREMY LANOIE
Residential and Commercial Real Estate Broker
Addendum
Brick 8-unit income property, located at 7880 Avenue Querbes in the sought-after and continuously evolving Parc-Extension neighbourhood.
The property represents a clear value-add opportunity for a savvy investor. All rents are currently below market, allowing for gradual revenue optimization depending on the buyer's strategy, tenant turnover, and repositioning of the building.
The property benefits from an advantageous expense structure, a key element in performance analysis:
-- Electricity fully paid by the tenants, significantly reducing operating expenses
-- Straightforward asset to manage and underwrite in a financial analysis
With its large outdoor parking area, the building offers strong income optimization potential once rents reach market levels.
The area is highly sought after for rental properties, with a strong concentration of multi-family buildings and sustained rental demand. The property enjoys a strategic location, close to:
-- Parc and Acadie metro stations
-- Large rear terraces for tenants
-- Backyard with two parking spaces
-- Jarry Park and bike paths
-- Numerous shops, grocery stores, restaurants, and cafés
-- Several educational institutions and campuses
Parc-Extension remains an active and stable rental market, particularly popular among students, young professionals, and families, ensuring strong occupancy stability.
A stable asset with significant repositioning and revenue optimization potential, ideal for an investor seeking to improve net performance in a strategic Montréal neighbourhood.
The property represents a clear value-add opportunity for a savvy investor. All rents are currently below market, allowing for gradual revenue optimization depending on the buyer's strategy, tenant turnover, and repositioning of the building.
The property benefits from an advantageous expense structure, a key element in performance analysis:
-- Electricity fully paid by the tenants, significantly reducing operating expenses
-- Straightforward asset to manage and underwrite in a financial analysis
With its large outdoor parking area, the building offers strong income optimization potential once rents reach market levels.
The area is highly sought after for rental properties, with a strong concentration of multi-family buildings and sustained rental demand. The property enjoys a strategic location, close to:
-- Parc and Acadie metro stations
-- Large rear terraces for tenants
-- Backyard with two parking spaces
-- Jarry Park and bike paths
-- Numerous shops, grocery stores, restaurants, and cafés
-- Several educational institutions and campuses
Parc-Extension remains an active and stable rental market, particularly popular among students, young professionals, and families, ensuring strong occupancy stability.
A stable asset with significant repositioning and revenue optimization potential, ideal for an investor seeking to improve net performance in a strategic Montréal neighbourhood.
Building details and property interior
Year constructed
1949
Windows
Aluminum
Window Type
Sliding
Siding
Brick
Roofing
Asphalt and gravel
Dividing Floor
Wood
Lot and exterior features
Lot size
49' 6" X 80'
Lot area
367.90 m²
Driveway
Unpaved
Parking (total)
Driveway (6)
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
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 588,600
- Building assessment
- $ 792,500
- Total
- $ 1,381,100
Taxes
- Municipal (2026)
- $ 8,509
- School (2026)
- $ 1,027
- Total
- $ 9,536
Annual expenses
- Insurance
- $ 6,897
- Total
- $ 6,897
Gross annual revenues (potential)
- Residential
- $ 56,292
- Total
- $ 56,292
Inclusions and exclusions
Exclusions
The tenants belongings.
Mortgage payment calculator
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