$1,750,000
ULS: 25888461
8-15-Plex
for sale
8844 Rue Waverly, Montréal (Ahuntsic-Cartierville) (Ahuntsic West)
A fully renovated turnkey building generating $104K annual income, offering immediate cash flow with no CapEx risk. Located in a prime Montreal rental market, it ensures strong tenant demand, stable returns, and long-term value growth. Don't miss this opportunity to secure a high-performing asset today.
Sale with exclusion(s) of legal warranty - See listing broker(s)
ABDULLAH SABBAGH
Residential Real Estate Broker
Addendum
Fully renovated, turnkey
The building has been fully renovated, minimizing immediate capital expenditures for the buyer. Investors benefit from modernized units, upgraded systems, and strong tenant appeal,
ensuring long-term durability and reduced maintenance costs.
Strong & Stable Income
With an annual income of $105,000, the property generates a reliable cash flow stream. This steady revenue offers an immediate return on investment and positions the asset as a stable income-producing property.
Prime rental location
Situated on Rue Waverly in Montreal, the property benefits from a sought-after area with consistent rental demand. The location supports low vacancy risk, easy tenant turnover, and ongoing rent growth potential.
July 2021: all 8 tenants left due to major renovation work needing to be carried out
July 2021 to June 2022: The entire building was stripped of everything down to the wood structure.
- old roof stripped to platelage, new roof installed (elastomeric membrane)
- electricity was redone from A to Z (including entrance from Hydro Quebec lines)
- plumbing redone from A to Z (including underground drains, sewer and pluvial)
- insulation with foam urethane on the entire building
- re-design and re-construction of all the apartments
- new floors, kitchens, bathrooms, divisions
- all new doors, patio doors, windows
- new Bricks for facade of building
- new main entrance door and new mailboxes
- new mechanical room with all new counters and new hot water tanks (8)
- new steel Balcony frames with galvanized railings and aluminum flooring (front)
- new Galvanized railings and aluminum flooring for side and rear balconies
- new galvanized steel stairs for emergency exits
- basement emergency exit concrete walls re-poured (at rear)
The building has been fully renovated, minimizing immediate capital expenditures for the buyer. Investors benefit from modernized units, upgraded systems, and strong tenant appeal,
ensuring long-term durability and reduced maintenance costs.
Strong & Stable Income
With an annual income of $105,000, the property generates a reliable cash flow stream. This steady revenue offers an immediate return on investment and positions the asset as a stable income-producing property.
Prime rental location
Situated on Rue Waverly in Montreal, the property benefits from a sought-after area with consistent rental demand. The location supports low vacancy risk, easy tenant turnover, and ongoing rent growth potential.
July 2021: all 8 tenants left due to major renovation work needing to be carried out
July 2021 to June 2022: The entire building was stripped of everything down to the wood structure.
- old roof stripped to platelage, new roof installed (elastomeric membrane)
- electricity was redone from A to Z (including entrance from Hydro Quebec lines)
- plumbing redone from A to Z (including underground drains, sewer and pluvial)
- insulation with foam urethane on the entire building
- re-design and re-construction of all the apartments
- new floors, kitchens, bathrooms, divisions
- all new doors, patio doors, windows
- new Bricks for facade of building
- new main entrance door and new mailboxes
- new mechanical room with all new counters and new hot water tanks (8)
- new steel Balcony frames with galvanized railings and aluminum flooring (front)
- new Galvanized railings and aluminum flooring for side and rear balconies
- new galvanized steel stairs for emergency exits
- basement emergency exit concrete walls re-poured (at rear)
Building details and property interior
Year constructed
1965
Lot and exterior features
Parking (total)
Driveway (2)
Proximity
Highway, Park, Public transportation
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2025)
- Lot assessment
- $ 302,800
- Building assessment
- $ 905,000
- Total
- $ 1,207,800
Taxes
- Municipal (2025)
- $ 8,038
- School (2025)
- $ 996
- Total
- $ 9,034
Annual expenses
- Insurance
- $ 6,898
- Total
- $ 6,898
Energy expenses
- Electricity
- $ 1,000
- Total
- $ 1,000
Gross annual revenues (potential)
- Residential
- $ 102,960
- Parking
- $ 1,800
- Total
- $ 104,760
Inclusions and exclusions
Mortgage payment calculator
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