High yield real estate asset in one of Montréal's most sought after areas. Fully rented fourplex in the heart of Plateau Mont Royal, just steps from Parc La Fontaine, generating excellent stable annual income of $79,320. The building includes two spacious 5½ units and two 3½ units, well maintained, with rear balconies and a private fenced yard bordering a green alley. A secure investment combining immediate profitability and strong long term appreciation potential.
Sale with exclusion(s) of legal warranty - See listing broker(s)
STRATEGIC INVESTMENT OPPORTUNITY -- FULLY RENTED FOURPLEX IN THE HEART OF THE PLATEAU
Seize the opportunity to acquire a prime real estate asset located in one of Montréal's most dynamic and sought after neighbourhoods. This semi detached fourplex, built in 1915, represents a secure investment thanks to its exceptional location and excellent, stable rental income.
Investment profile: Secure income: The building is fully rented, generating very strong gross revenues of $79,320 per year. Unit mix: Two large 5½ apartments and two 3½ units. Diligent maintenance: Numerous major renovations have been carried out since 2020, including replacement of the main beam by Bisson Expert, the updating of part of the plumbing and electrical wiring, as well as the replacement of all water heaters. Aesthetics and comfort: Several kitchens and bathrooms were renovated in 2022. The units charm with their hardwood floors, high ceilings, and abundant natural light thanks to their south west orientation. Outdoor features: Rear balconies were redone in 2016. A private fenced backyard bordered by a green alley and large wooden balconies provide valuable outdoor space in an urban setting.
Location and public services (within a 1 km radius): Public transit: Close to Papineau and Frontenac metro stations (green line), as well as bus lines 24 (Sherbrooke), 45 (Papineau), and 10 (De Lorimier). Active mobility: Several BIXI stations just steps away and easy access to the neighbourhood bike paths. Parks and green spaces: Only a short walk from the famous Parc La Fontaine, Parc des Compagnons, Parc Baldwin, and Parc des Faubourgs.
Education, culture, and sports: École primaire Élan (across the street) École primaire Saint Joseph (200 m away) École secondaire Jeane Mance (200 m away) École secondaire Pierre Dupuy (500 m away) Library Mont Royal Arena Centre Sablon
Neighbourhood life - Restaurants, cafés, and grocery stores (within a 1 km radius): Restaurants: La Banquise, Ma Poule Mouillée, Le Jardin de Panos, as well as the many dining options on Mont Royal Avenue and Ontario Street. Cafés: Les Copains d'abord, Station Mahalo, Kahwa Café, Café Les Joyeux Naufragés, etc. Grocery stores & markets: Metro Bigras (100 m away), as well as several fine food shops, bakeries, and local fruit and vegetable stores on Mont Royal Avenue.
This well managed and well maintained building is the ideal addition to any real estate portfolio seeking to combine stable rental income with long term appreciation in a neighbourhood where demand never wanes. Come and discover the potential of this asset during a private visit; an opportunity not to be missed!
The photos in the detailed listing are from the previous listing and therefore do not reflect the current condition of the interior of the apartments.
Building details and property interior
Dimensions
25' X 39' 11"
Year constructed
1915
Siding
Brick
Lot and exterior features
Lot size
25' X 74'
Lot area
171.90 m²
Proximity
Daycare centre, Metro, Park, Bicycle path, Elementary school, High school, Public transportation