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Income properties for sale
8620, Avenue De L'Épée, Montréal (Villeray/Saint-Michel/Parc-Extension)
$1,495,000
$1,495,000
Income properties for sale
8620, Avenue De L'Épée, Montréal (Villeray/Saint-Michel/Parc-Extension)
Features
Use of property
Residential
Year built
1969
Lot area
3,047 sqft
Parking (total)
Garage (2)
Number of units
Residential (7)
Residential units
1 x 2 ½, 4 x 4 ½, 2 x 5 ½
Main unit
5 rooms, 3 bedrooms, 1 bathroom
Potential gross revenue
$68,868
Additional features
Basement 6 feet or +, Near the REM
Description
Get ahead of the curve in what is set to be Montreal's next most central, up-and-coming, and dynamic neighborhood, undergoing a major transformation. Located on a residential street in Parc Extension, this semi-detached 7-unit building with an attached garage is close to Marché Central, Howie Morenz Arena, parks, daycares, schools, and public transportation. Whether you're a seasoned investor or looking to enter the market, this 7-unit building offers significant income potential as rents are below market rates. There is strong rental demand in the area, driven by a growing population.
Centris No. 16570639
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Visit the real estate broker's website to see the detailed sheet of this property.
Financial details
| Municipal assessment (2021) | |
|---|---|
| Lot | $368,000 |
| Building | $951,900 |
| Total | $1,319,900 |
| Taxes | |
|---|---|
| Municipal (2025) | $8,680 |
| School (2025) | $1,091 |
| Total | $9,771 |
| Expenses | |
|---|---|
| Electricity | $505 |
| Insurance | $12,626 |
| Maintenance | $3,443 |
| Management/Administration | $1,200 |
| Vacancy allowance 3% | $2,066 |
| Total | $19,840 |
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