An excellent investment opportunity offering significant optimization potential in a sought-after area. This four-unit building is a wise choice for both investors looking to maximize their returns and buyers seeking a property with numerous development possibilities. The four apartments share an identical layout, greatly simplifying rental management. The units offer generously sized rooms, abundant natural light, and inviting living spaces that tenants appreciate.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Excellent investment opportunity offering strong optimization potential in a sought-after area. This four-unit building is a wise choice for both investors looking to maximize their income and buyers seeking a property with numerous development possibilities.
The four apartments share an identical layout, greatly simplifying rental management. The units offer generously sized rooms, abundant natural light, and inviting living spaces appreciated by tenants.
The apartments have a warm, inviting feel with their hardwood floors, spacious living areas, and separate dining rooms. The tastefully renovated kitchen offers a functional layout, ample storage, and an integrated laundry area. The bedrooms are generously sized, and the bathrooms have been modernized to meet the current needs of residents.
The fully finished basement is a major asset of this property. Offering large open spaces, a complete kitchen, several powder rooms, and versatile areas, it presents excellent conversion potential. Subject to the necessary verifications and permits from the relevant authorities, this space could be converted into two additional apartments, significantly increasing the building's income.
The basement spaces are distinguished by their large, multifunctional rooms, numerous layout possibilities, and excellent size, allowing for a variety of projects to suit the future owner's needs.
The building has benefited from several improvements over the years. In particular, the four water heaters were recently replaced, providing valuable peace of mind for years to come.
Beyond its physical characteristics, this property also stands out for its significant potential for increasing rental income. Several units still offer opportunities for optimization, allowing the future owner to gradually increase the profitability of their investment.
Whether for an experienced investor or a buyer looking to expand their real estate portfolio, this property represents a rare opportunity to acquire a versatile, well-maintained building with remarkable potential for value creation.
The basement is accessible from both ends of the building, and the spiral staircase is narrow.
The basement is fully finished (see photos on the Centris listing) and could be converted into two rental units if the city permits. The buyer must verify this with the city before signing the purchase agreement.
I have photos of three of the four units on Centris, and I also have videos of all three.
Viewings are by appointment only with an accepted purchase agreement.