$1,250,000
ULS: 17927637
8-15-Plex
for sale
7890 Av. Querbes, Montréal (Villeray/Saint-Michel/Parc-Extension) (Parc-Extension)
8-unit brick building on all sides, ideal for a value-add oriented investor, located in the dynamic Parc-Extension neighbourhood. All rents are below market, offering strong short- and medium-term income optimization potential. Corner property, highly sought after by tenants, with minimal operating expenses as electricity is at the tenants' expense. Highly desirable rental area, close to Parc and Acadie metro stations, Jarry Park, cycling paths, grocery stores, restaurants and cafés. Stable asset with significant repositioning potential.
Sale with exclusion(s) of legal warranty - See listing broker(s)
JEREMY LANOIE
Residential and Commercial Real Estate Broker
Addendum
Income property comprising 8 residential units, constructed in brick on all sides, located at 7890 Avenue Querbes in the sought-after and continuously evolving Parc-Extension neighbourhood.
The property represents a clear value-add opportunity for a knowledgeable investor. All rents are currently below market, allowing for gradual income optimization based on the purchaser's strategy, tenant turnover and asset repositioning. A municipal non-compliance notice is currently in effect relating to unsanitary conditions, and corrective work will be required. This situation offers an opportunity to improve and reposition the property for an investor.
The building benefits from a favourable expense structure, a key factor in performance analysis:
-- Electricity is entirely at the tenants' expense, significantly reducing operating costs
-- Straightforward asset to manage and underwrite in a financial analysis
Located on a corner lot, the property offers a configuration that is highly sought after in the rental market, providing increased natural light, enhanced unit appeal and long-term value.
The area is highly desirable for rental purposes, with a strong concentration of income properties and sustained demand. The property enjoys a strategic location, close to:
-- Parc and Acadie metro stations
-- Huge outside terrasses for tenants
-- Backyard with two parking spaces
-- Jarry Park and cycling paths
-- Numerous shops, grocery stores, restaurants and cafés
-- Several educational institutions and school campuses
Parc-Extension remains an active and stable rental market, particularly popular with students, young professionals and families, ensuring excellent occupancy stability.
A stable asset offering strong repositioning and income optimization potential, ideal for an investor seeking to enhance net performance in a strategic Montréal location.
The property represents a clear value-add opportunity for a knowledgeable investor. All rents are currently below market, allowing for gradual income optimization based on the purchaser's strategy, tenant turnover and asset repositioning. A municipal non-compliance notice is currently in effect relating to unsanitary conditions, and corrective work will be required. This situation offers an opportunity to improve and reposition the property for an investor.
The building benefits from a favourable expense structure, a key factor in performance analysis:
-- Electricity is entirely at the tenants' expense, significantly reducing operating costs
-- Straightforward asset to manage and underwrite in a financial analysis
Located on a corner lot, the property offers a configuration that is highly sought after in the rental market, providing increased natural light, enhanced unit appeal and long-term value.
The area is highly desirable for rental purposes, with a strong concentration of income properties and sustained demand. The property enjoys a strategic location, close to:
-- Parc and Acadie metro stations
-- Huge outside terrasses for tenants
-- Backyard with two parking spaces
-- Jarry Park and cycling paths
-- Numerous shops, grocery stores, restaurants and cafés
-- Several educational institutions and school campuses
Parc-Extension remains an active and stable rental market, particularly popular with students, young professionals and families, ensuring excellent occupancy stability.
A stable asset offering strong repositioning and income optimization potential, ideal for an investor seeking to enhance net performance in a strategic Montréal location.
Building details and property interior
Year constructed
1949
Windows
PVC
Window Type
Sliding
Siding
Brick
Roofing
Asphalt and gravel
Lot and exterior features
Lot size
34' 1" X 80' irr.
Lot area
253.30 m²
Driveway
Unpaved
Parking (total)
Driveway (2)
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
- $ 405,300
- Building assessment
- $ 879,500
- Total
- $ 1,284,800
Taxes
- Municipal (2026)
- $ 7,916
- School (2026)
- $ 954
- Total
- $ 8,870
Annual expenses
- Insurance
- $ 5,994
- Total
- $ 5,994
Energy expenses
- Electricity
- $ 248
- Total
- $ 248
Gross annual revenues (potential)
- Residential
- $ 53,688
- Total
- $ 53,688
Inclusions and exclusions
Exclusions
The tenants belongings.
Mortgage payment calculator
$
$
$
%