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Income properties for sale
1388 - 1408, Rue Villeray, Montréal (Villeray/Saint-Michel/Parc-Extension)
$1,570,000
$1,570,000
Income properties for sale
1388 - 1408, Rue Villeray, Montréal (Villeray/Saint-Michel/Parc-Extension)
Features
Use of property
Residential
Year built
1958
Building area (at ground level)
1,750 sqft
Lot area
3,570 sqft
Parking (total)
Driveway (4)
Number of units
Residential (6)
Residential units
6 x 4 ½
Potential gross revenue
$112,320
Description
Six-unit building ideally located in Villeray, just a few minutes' walk from Fabre metro station. Cap rate of 5.3%. Composed of 4 x 4½ units with two closed bedrooms, and 2 large renovated units on two levels (ground floor + basement). One 4½ unit currently vacant. Strong rental income. Heating, electricity, and hot water paid by tenants. Washer-dryer hookups in each unit. Tandem parking for 4 vehicles. Excellent profitability in a high-demand neighborhood. FAÇADE WORK REQUIRED, already reflected in the asking price, offering the buyer an opportunity to reposition the asset, justify higher rents, and increase its market value.
Centris No. 16737649
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Visit the real estate broker's website to see the detailed sheet of this property.
Financial details
| Municipal assessment (2024) | |
|---|---|
| Lot | $279,800 |
| Building | $950,000 |
| Total | $1,229,800 |
| Taxes | |
|---|---|
| Municipal (2025) | $8,087 |
| School (2025) | $1,015 |
| Total | $9,102 |
| Expenses | |
|---|---|
| Electricity | $271 |
| Insurance | $4,758 |
| Total | $5,029 |
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